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JULY 1933 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 13 NUMBER 7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

JULY 1933

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTON

VOLUME 13 NUMBER 7

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 2: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

EXPLANATORY

The Survey of Current Business is designed to presenteach month the available statistical measurements ofeconomic activity, together with the necessary analyt-ical comment, which will enable readers to obtain acomprehensive picture of the business situation. Cer-tain of the more important series are presented ingraphic form so that the trend of the major indicatorscan be readily determined. In order to get the monthlystatistics to subscribers more quickly, and to bring thematerial up to date with current weekly statistics, a4-page supplement is furnished each week as part of thethreefold service of the Survey. Libraries should notethat all of the statistics presented in the weekly supple-ment are not republished in the monthly numbers. Itis important, therefore, that these supplements bepreserved and bound with the monthly issues if theentire record is to be complete.v" jOver 2,100 series of data, gathered from more than 200organizations, are presented regularly each month.Most of the statistics are not compiled by the Survey,but represent a careful selection of material availablefrom all sources. The chief function of this publicationis to bring together in usable form the statistics which,if published at all, are scattered in hundreds of differentpublications and reports, and to aid in the properanalysis and interpretation of the figures. The Surveyof Current Business compiles the indexes of domesticand world stocks, new and unfilled orders, agricultural,livestock, and forest-products marketings, foreign trade,5- and 10-cent store sales, and department store sales bydistricts.

SOURCES OF DATAThe sources and inclusiveness of the data in the table

"Monthly Business Statistics" will be found either inthe explanatory footnotes covering each series in the1932 Annual Supplement to the Survey, or on the indi-cated pages of the monthly issues. These latter referto new material added since the 1932 Annual Supple-ment was published. The data given in these footnotesshould always be kept in mind when utilizing thestatistics carried in each monthly number. Sources ofthe weekly statistics are given on page 20 of the July,1932, issue of the Survey, and in somewhat more detailon page 4 of the August 4, 1932, issue of the WeeklySupplement to the Survey.

HISTORICAL DATAIn the 1932 Annual Supplement to the Survey of

Current Business, the statistical series presented cur-rently are carried back on a monthly basis to 1923, andon a yearly basis to 1913, where available. The statis-tics therein have been carefully reviewed and revised andsupersede those carried in the 1931 Annual Supplementas well as those in the semiannual numbers issued priorto 1931. The December issue contained the first majorrevision of material since the 1932 supplement wasissued. A list of the series dropped, as well as of the

new data added, may be found on page 56 of this issue.Earlier data for the new series, if published, may befound on the indicated pages of the monthly numbers.

Since the reduction in printing funds makes itimpossible to publish the 1933 Annual Supplement,subscribers may find it convenient to keep the March1933 issue posted up to date with the latest revisionsand to fill in any 1932 data which were missing at thetime of publication. They will thus have a complete1932 record in this one issue.

Monthly data prior to 1923 will be found in the earlyissues of the Survey and, in the Record Book of BusinessStatistics, data on textiles, metals and machinery,fuels, automobiles, and rubber are carried back to 1909on a monthly basis, where available. These recordbooks should not be used for data later than 1922, andthe monthly data should be checked against the annualaverages given in the 1932 Annual Supplement to assurethe continuity of the series and to obtain any necessarycorrections. The three parts of the Record Book maybe obtained from the Superintendent of Documents,Government Printing Office, Washington, D.C., for 10cents each, or 30 cents for the set.

INDEX NUMBERSTo facilitate comparisons of the movement of impor-

tant series over a period of time, index numbers havebeen used in numerous instances throughout theSurvey. In brief, these index numbers simply expressthe current movement with relation to a fixed base—usually the monthly average of the years 1923-25.The construction of these index numbers is described inbrief in the annual supplement.

SEASONAL ADJUSTMENT OF INDEXESSeasonal variations are found in most economic

series for which monthly statistics are obtainable.Consumption and production of commodities, foreigntrade, retail trade, employment, construction, railroadfreight traffic, and many other types of data are markedby seasonal swings repeated with minor variations yearafter year. These are definitely periodic in characterwithin a 12-month period. In cases where an adjust-ment is noted for a series carried in the Survey, theindex has been corrected for the number of working orbusiness days in the various months, and then adjustedfor seasonal variation. The index figures therebybecome comparable throughout the series.

METHODS OF USEMethods of using and interpreting current business

statistics have been collected by the Department ofCommerce from many business concerns and aredescribed in a booklet entitled "How to Use CurrentBusiness Statistics," together with methods of col-lecting statistics. This booklet may be obtained fromthe Superintendent of Documents, Government Print-ing Office, Washington, D.C., for 15 cents per copy.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 3: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

Volume 13 JULY 1933 Number 7

WEEKLY DATA THROUGH JUNE 24, 1933MONTHLY DATA THROUGH MAY

SURVEY OFCURRENT BUSINESS

PUBLISHED BY

UNITED STATES DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTON

CONTENTS

SUMMARIES AND CHARTSPage

Business indicators 2Business situation summarized 3Comparison of principal data, 1929 to 1933 4Commodity prices 5Domestic trade 6Employment 7Finance 8Foreign trade 9Real estate and construction 10Transportation 11Survey of individual industries:

Automobiles and rubber 12Chemicals 13Farm and food products 14Forest products 15Iron and steel 16Textiles. 17

STATISTICAL DATANew and revised series:

Life insurance-Admitted assets 18New business written 19, 20

Weekly business statistics 21

STATISTICAL DATA—ContinuedMonthly business statistics: Page

Business indexes 22Commodity prices 23Construction and real estate 24Domestic trade. 25Employment conditions and wages 27Finance 30Foreign trade 34Transportation and communications 34Statistics on individual industries:

Chemicals and allied products 36Electric power and gas 38Foodstuffs and tobacco 39Fuels and by-products 42Leather and products 43Lumber and manufactures 44Metals and manufactures:

Iron and steel 45Machinery and apparatus 47Nonferrous metals and products 48

Paper and printing 49Rubber and products 50Stone, clay, and glass products : 51Textile products : 52Transportation equipment 54

Canadian statistics 55Index of revisions made in December 1932 and June 1933 issues 56General 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 annualsupplement, and the 52 weekly supplements. Single copy price: Monthly, 10 cents; weekly, 5 cents; annual, 40 cents.

Foreign subscriptions, 33, including weekly and 1932 annual supplements. Make remittances only toSuperintendent of Documents, Washington, D.C., by postal money order,

express order, or New York draft. Currency at sender's risk.Postage stamps or foreign money not accepted

182446—33 1

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Page 4: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

SURVEY OF CURRENT BUSINESS

Business Indicators1 9 2 3 - 2 5 = 1 0 0

July 1933

IGOINDUSTRIAL PRODUCTION

160FACTORY EMPLOYMENT AND PAYROLLS

PAfROLLS (UNADJUSTED)

160

100

40

ZOO

100

TOTAL FREIGHT CAR LOADINGS

UN/

11 1 1 1 1 1 1 1 1 1 1

DJUSTED

1 111 1 Mill

{ADJUSTED*

i m i Mill

DEPARTMENT STORE SALESAl UNADJUSTED

\ J

M M I M M - 111111111111

11111111111

or

200

100

VALUE OF EXPORTS

UNADJUSTED

1II 1 II

200

100

BANK DEBITS OUTSIDE NEW YORK CITY

1 929

(UNADJUSTED

1930

\

1 9 31 1 9 3 2

\ ^

1 933

IGO

100

40

200

100

INDUSTRIAL PRODUCTION

MANUEACTURES (ADJUSTED?*

-MINERALS (ADJUSTED) 9

CONSTRUCTION CONTRACTS AWARDED

UNADJL

\

1I il ii I n n i

STED

H I M H I M

/-ADJUSTED*

^ \

lYlflliim

160FREIGHT CAR LOADINGS L.C.L.

(•UNADJUSTED

(-ADJUSTED9

160

100

WHOLESALE PRICES

sFARM PRODUCTS

CALL COMMODITIES

JUofllllii;

200VALUE OF IMPORTS

*UNADJUSTED

160

100

4 0

FEDERAL RESERVE MEMBER BANK LOANS*

'

M i l !

1 9I,2

A

II!9

S TOTAL

l l M I I

1 930

(COMMERCIAL)

I

1931 1 9

1

3 2 I 933

» ADJUSTED FOR SEASONAL VARIATION * REPORT/NO MEMBER BANKS

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 5: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SUEVEY OF CURRENT BUSINESS

Business Situation SummarizedBUSINESS activity continued to expand during

June, and the adverse seasonal influences usuallymanifest at this time have so far failed to halt the up-ward movement. Production was considerably higherin May and June than in the corresponding months of1932, and in the latter period reached the highest levelsince the middle of 1931. Steel ingot production hasincreased to 50 percent of capacity. Automobileschedules have currently been revised upward, andJune output is expected to exceed the May totalwhich was the largest since July 1931. Electric powerproduction continues to indicate extensive gains inmanufacturing activity; lumber production has im-proved steadily; and the industries producing themajor lines of consumers7 goods have maintained theirhigh May schedules. Output of a number of importantindustries was higher in the first 5 months of 1933than in the corresponding period of 1932.

Employment and pay-roll gains have lagged con-siderably behind the increases in production. Whilefactory employment and pay rolls both increased lastmonth, and the upward trend continued in June, theindexes in May were below the low level of a year ago.Average hourly factory earnings during the month alsowere at a new low point. The American Federationof Labor estimates the number of unemployed in Juneat over eleven and a half million.

Available indexes of consumer purchasing indicatefor the most part that goods are not moving into con-

sumption as fast as they are being produced. Therise in such industries as textiles and tobacco manu-facturing is much too large to be accounted for by anyincrease that may have occurred in consumer pur-chasing to date. However, stocks of finished goodsin the hands of distributors have been low for a con-siderable period and a more active demand wouldrequire some upbuilding of such stocks.

Department store sales in May were slightly lessthan in the preceding month, and the adjusted indexremained unchanged. Freight-car loadings in Juneincreased to the highest point of the year, and thespread in comparison with last year has widened sothat in the latest week reported, loadings were 13 per-cent higher than in the same week of 1932.

Construction contracts awarded during the firsthalf of June were higher than for the same period ofM&y, although the total remained very low.

Wholesale prices moved higher in June for thefourth consecutive month. Stock prices have beenirregular, but the large gains of the preceding 2 monthshave been held. Bond prices have been steady, fol-lowing the sharp improvement in May. Money ratesfor short term commitments continue extremely low.

Foreign trade improved in May, contrary to theusual seasonal trend. The increase in exports wasdue mainly to heavy shipments of cotton at higherprices, but for imports the increase was the result ofgains in a wide range of commodities.

MONTHLY BUSINESS INDEXES

Year and month

Industrial production

Unadjusted i

c

9

Adjusted 2

I 1g

Factory em-ployment

and pay rolls

1r

Freight-car loadings

Total

i

Merchan-dise, l.c.1.

IB3

fl

Departmentstore sales,

value

I

P

Foreigntrade, value,adjusted 2

•§

If

PMonthly average, 1923-25=100

jifKB•I

Monthlyaverage,1926=100

1930: May1931: May1932:

MayJuneJulyAugustSeptemberOctoberNovemberDecember

1933:JanuaryFebruaryMarchAprilMay

Monthly average, Jan-uary through May:

193119321933 —

105

65

10690

6059555866666358

6363596880

886667

10284

6561626673807872

7176746577

847373

10287

6059586066666566

6564606776

10187

5858575965656464

6462576676

10487

6763646570747576

7379817279

91.477.8

62.160.058.358.860.361.161.260.6

59.459.456.657.760.6

72.450.639.3

94.472.1

46.242.639.640.142.143.541.840.9

39.240.036.938.642.0

77.865.758.7

9779

5352515361655852

5151485156

765751

9679

5452515154575758

5654505356

10192

7471686872727064

6564636568

887565

9889

7171696869696869

6966626366

10597

72664649717573106

4949506867

906957

10597

7269656568696360

6060576767

9057

3734323133333233

3129282932

624130

8655

3436272932323230

2926262532

563828

123.6103.2

63.465.463.459.659.662.655.465.0

61.152.748.753.858.3

99.570 354.9

10565

2627273030292728

2219141417

73.2

64.463.964.565.265.364.463.962.6

61.059.860.260.462.7

75.865.960. &

1 Adjusted for number of working days. 2 Adjusted for seasonal variation.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 6: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

SURVEY OF CURRENT BUSINESS July 1933

Comparison of Principal Data, 1929 to 1933\FIRST 5 MONTHS V//////////A REMAINDER OF KEAR

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

50 100 150 200 250 300 350

V//////////////////////A

CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)

lo 1 2 3 A- 5 6 7

!932pBp^^^1931 • • • • • I I I1980 • • • • • • •1929 • • • • • • •

1 1 1

V/////////////Ai

WM(/////f/////////{////f////WKK^Ktd(/////f////{///^ Y//////\

i -

STEEL INGOT PRODUCTION - (MILLIONS OF TONS)

lo to19331—1| |

1931 WBHSMAI930HHHBHI19 29 • • • • • •

20

WKm222Zi

30

i

40

V//A

50

Y////////Ai

60 70

AUTOMOBILE PRODUCTION "(THOUSANDS OF CARS)

1000 2000 3000 4000 5000

'///////////////////A

FREIGHT CAR LOADINGS -(MILLIONS OF CARS)

b io1 1 11933 • • • • • •i i i p p , ,

20 30 40 50

193 0 • • • • • • • • •1929 • • • • • • • • i

i i «

V////////AV//(//////f//////f/AV//(//////(//////{/////fyV/////////{///////^^^^

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Page 7: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS

Commodity PricesTHE upward movement of commodity prices was

accelerated during May and the first half of June.The rise has derived some of its momentum from thecontinued contraseasonal gains in business activity,but the inflation program of the Government and itsanticipated effects have been an important influence.While certain raw materials and foodstuffs haveappreciated to a greater extent than the decline in theforeign exchange value of the dollar, the general levelof wholesale prices has risen much less. Measured bythe principal European gold currencies, the dollarhas been quoted at a discount of from 15 to 20 percent,while the Bureau of Labor Statistics index of wholesaleprices, based on 784 commodities or price series, hasincreased 8.2 percent since the low point touched inearly March. The cost of living in May rose slightlyless than 1 percent from the April low point.

Wholesale prices which averaged 3.8 percent higherin May than in April, the largest monthly increasesince April 1920, advanced 1.1 percent further fromJune 3 to 17, and on the latter date reached a level 0.9percent higher than the June 1932 average. Of the784 commodities or price series included in the Bureauof Labor Statistics index, 364 advanced from April toMay, 371 showed no change, and only 49 declined.Nine of the ten groups advanced as did 35 of the 44subgroups. Nineteen of the subgroups crossed or

equaled the levels of May 1932. Prices of farmproducts at wholesale markets averaged 13 percenthigher than in April; foods, 5.9 percent; hides andleather products, 10.8 percent; textiles, 7.9 percent;chemicals and drugs, 2.5 percent; and metals andmetal products, building materials, and miscellaneousarticles, 1 to 2 percent.

Food retail prices rose 3.7 percent from April 15 toMay 15, the first increase since the fractional rise oflast October and the greatest monthly advance sinceAugust 1921. Of the 42 articles of foods on whichquotations are regularly received, prices of 30 increasedfrom April to May, 5 decreased, and 7 showed nochange. This compares with 12 increases, 17 de-creases, and 13 unchanged quotations from March toApril.

After having risen 27 percent during the preceding 3months, the general level of farm prices was fairlysteady from mid-May to mid-June according to reportsreaching the Department of Agriculture. From April15 to May 15 grain and cotton and cottonseed pricesrose nearly one third, meat animals 14 percent, chickensand eggs 11 percent, dairy products 7 percent, andfruits and vegetables 3 percent. As farm marketingsof grains and cotton are relatively small at this timeof the year, farm cash income from a price advance inthese products so far has not been greatly increased.

INDEXES OF COMMODITY PRICES

Year and month

1930: May1931: May _.1932:

May _.JuneJulyAugustSeptemberOctoberNovember.December

1933:JanuaryFebruaryMarchApril . .May

Monthly average,January throughMay:

19311932

Wholesale (Department of Labor)

Economic classes Groups

II

Monthly average 1926=100

88.873.2

64.463.964.565.265.364.463.962.6

61.059.860.260.462.7

75.865.960.8

90.176.9

70.370.070.570.770.469.669.368.4

66.765.765.765.767.2

79.371.366.2

87.866.5

53.953.254.755.756.254.654.252.1

50.248.449.450.053.7

69.556.150.3

83.169.8

58.157.655.557.960.760.758.957.7

56.956.356.957.361.3

72.260.757.7

93.067.1

46.645.747.949.149.146.946.744.1

42.640.942.844.550.2

70.249.944.2

82.159.6

42.637.736.738.237.434.433.231.7

32.932.736.044.852.8

60.244.739.8

92.273.8

59.358.860.961.861.860.560.658.3

55.853.754.656.159.4

77.362.055.9

101.374.4

56.556.062.061.960.956.453.749.4

49.550.250.550.352.3

81.759.850.6

87.375.1

70.470.169.770.170.470.269.869.0

67.366.065.865.366.5

77.171.066.2

92.480.0

71.570.869.769.670.570.770.770.8

70.169.870.370.271.4

82.173.170.4

90.280.5

73.673.173.073.372.972.772.472.3

71.671.371.271.473.2

82.574.971.7

80.365.3

70.771.672.372.170.871.171.469.3

66.063.662.961.560.4

69.069.062.9

102.687.6

72.570.868.669.772.272.871.469.6

68.968.068.169.476.9

87.776.570.3

93.586.8

74.874.774.073.673.773.773.773.6

72.972.372.271.571.7

87.876.772.1

93.585.0

80.179.979.280.180.180.379.679.4

78.277.477.276.977.7

86.180.877.5

83.467.4

54.352.751.552.755.655.053.953.0

51.961. 251.351.855.9

69.657.552.4

80.470.5

64.464.264.364.664.764.163.763.4

61.259.258.957.858.9

71.564.859.2

Pfig

Ua

Mo.average1923=

100

97.286.9

77.977.277.076.876.676.175.675.1

73.772.171.871.572.1

89.079.672.2

IIll

Mo.average1909 to1914=

100124

Retail

o

«

s11

Mo.average1913=

100

150121

10110010110110010099

10592

Dec.1930

(Jan. 1,1931) =100108.693.4

76.875.174.073.673.673.372.671.8

71.169.969.769.470.4

95.579.170.1

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 8: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

6 SURVEY OF CURRENT BUSINESS July 1933

Domestic TradeDISTRIBUTION indexes have not kept pace with

the rise in productive activity, but there has beena narrowing of the decline in comparison with a yearago and during June, sales gave evidence of holdingup well despite adverse seasonal influences. Salesin certain lines, notably automobiles, have improvedconsiderably. Retail sales through the department,chain store, and mail-order houses, however, haveexpanded only moderately since April. A year agoretail trade was declining and, after allowing for thedrop in prices in the year's interval, retail salesin May were in excess of a year ago in volume.

The unadjusted index of department storesales inMay was slightly lower than in April, while theadjusted index remained unchanged at 68 percent ofthe 1923-25 average. In comparison with the earlymonths of the year, the spread has narrowed con-siderably, the May adjusted index being 7 percentbelow last year in comparison with an average dropfor the 5 months of 17 percent. A number of theFederal Reserve districts, including Atlanta, Dallas,Minneapolis, and San Francisco, reported higher salesthan in May 1932. In the Kansas City district theywere equal to last year. The indexes by districts donot take into account the extra trading day in May.

Sales of the leading mail order companies, includingcatalog and store sales, increased in May contrary tothe usual trend for the month. The value was 7 per-cent larger than in April and was only 2 percent belowa year ago. The leading chain store organizations

reported sales close to and, in some instances, higherthan a year ago.

Merchandise l.c.l. loadings show a continued tend-ency to lag, and this is the only freight classificationstill running behind last year. May shipments in-creased to the highest point since November, althoughthe adjusted index advanced only to the Februaryfigure. The spread with relation to last year has nar-rowed, the latest week's figure being 4 percent belowthe same week of 1932, compared with a decline for theyear to date of 13 percent.

Commercial failures in May and June have continuedto reflect considerable improvement over the 3 pre-ceding years. May failures were the fewest for themonth of any year since 1929, and the liabilitiesinvolved were also the smallest for the month sincethat year. For the first 5 months commercial failureswere one fourth less than in the corresponding period of1932, and the liabilities involved dropped 37 percent.

Newspaper advertising linage increased in May, andthe reduction from last year's figure narrowed. Thetotal for 22 cities was 11 percent less than in May1932, compared with an average reduction for the 5months of 22 percent. Radio advertising expendi-tures were reduced further in May and there was alsoa drop in the payments for magazine advertising.

Postal receipts in May were higher than in the samemonth of 1932, the first time since November 1932that collections have shown an increase over the yearprevious.

DOMESTIC TRADE STATISTICS

Year and month

Department-store sales

Unad-just-ed i

Ad-just-ed «

Department-store stocks 3

Unad-just-

ed

Ad-just-ed 2

Freight-carloadings, mer-chandise l.c.l.

Unad-just-

ed

Ad-just-

Monthly average, 1923-25=100

Chain-store sales

Com-binedindex

(20 com-panies)

Avg. samemo. 1929-

31 = 100

5- and 10-cent(variety) store

sales

Unad-justed

Ad-justed

Monthly aver-age 1923-25=

100

Mailorderandstore

sales, 2houses

Postalreceipts,

50 se-lectedcities

Thousands ofdollars

Commercialfailures

Fail-

Num-ber

Liabil-ities

Thou-sands

of dolls.

Advertisinglinage

Maga-zine

Thou-sandsof lines

News-paper

Mil-lions oflines

Busi-ness

incor-pora-tions,

States

Num-ber

1930: May1931: May1932:

May ._.JuneJu ly . . . .AugustSeptember. __OctoberNovemberDecember

1933:JanuaryFebruaryMarchAprilMay

Monthly average, Jan-uary through May:

19311932 .1933..

10597

72664649717573106

4949506867

90nQ57

10597

7269656568696360

6060576767

9885

6965595963676956

5254555556

847054

9684

6867616160616160

5856535355

10192

7471686872727064

6564636568

887565

162156

133127118118123142130226

100103110129136

142128114

175168

138138135127135133129117

135138121140130

59, 35050,070

38,71839, 88932,07333, 77739,15645,42341, 28151, 556

26,95826,17627, 55435, 36537,778

45, 20735, 39530,566

31, 37027,844

22, 62122,00623, 78923, 85125, 77026,71126,10933,097

24,67422, 55924,42223,81024,393

28, 57124,58923,973

2,1792,248

2,7882,6882.5962,7962,1822,2732,0732,469

2,9192,3781,9481,9211,909

2,6232,9492,215

55, 54153, 371

83,76476,93187,19077, 03156,12852,87053, 62164,189

79,10165, 57648,50051, 09847,972

63, 76892,07158,449

4,0513,336

2,5081,5231,103928987

1,2461, 3641,252

1,2661 5841,7911,9101,922

2,9182,1261,695

100 3,320

2,8633,1072,5342,9092,66i2,5922,4582,681

3,3072,8392,6742,6653,373

3,1633,0762,972

1 Corrected to average daily sales. 2 Adjusted for seasonal variation. 3 End of month figures.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 9: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS

EmploymentWIDESPREAD increases in both employment

and pay rolls were reported for May, and theupward trend has continued in June. On a percent-age basis some of the gains recorded have beenlarge, although in general they have not matched theproduction increases, and the current indexes remainat a very low level.

While the upward trend in manufacturing activitieshas been uneven, nearly all the reporting industriesshared in the movement. Of the 89 manufacturingindustries reporting to the Bureau of Labor Statistics,72 showed higher employment and 81 larger pay rollsin May than in April. After adjustment for seasonalfactors, the index of factory employment increased 5percent during May, the largest relative increase for1 month as far back as the index is available (1919).Despite the recent betterment the adjusted index offactory employment advanced in May only to thelevel of last December and was 2.4 percent below ayear ago. The pay-roll index advanced 9 percent tothe highest point since last October, and was 9.1percent below the May 1932 figure.

Employment in all of the major groups, with theexception of chemicals and allied products, was higherthan in the preceding month. The increase in employ-ment in the other groups were fairly uniform. Theindividual industries reporting the largest gainsincluded the beverage, cotton, silk, rayon, and woolengoods, plumbers' supplies, radio and phonographs,aircraft, glass, leather, rubber tires and tubes, andtobacco manufactures.

The improvement in employment and pay rolls wasshared by the nonmanufacturing industries. Of the16 groups in this class, 9 reported larger employment,and in several of those where the number on the payroll was reduced, the decline was smaller than usualfor the month. Aside from the quarrying and non-metallic mining and building construction groups,which showed increases of 11 percent and 8.9 percent,respectively, the gains were slight.

Larger pay rolls were reported in all but four of thenonmanufacturing groups, the exceptions being theanthracite, retail trade, canning and preserving anddyeing and cleaning groups. The industries reportinglarger pay rolls with reduced employment were bitu-minous coal, telephone and telegraph, electric-railroadand motor-bus operation and maintenance, and hotels.

One of the major objects of the recently enactedindustrial recovery act is the providing of additionalwork opportunities and the raising of the wage scale.While wage increases have been announced recentlyby a number of leading organizations, the trend ofaverage hourly rates was still downward in May.In that month, average weekly factory earningsincreased to $16.71 compared with $15.39 in Apriland $17.17 in May 1932. Average hourly earnings,which in April were unchanged at the March figureof 46 cents, dropped to 45.3 cents, compared withthe average hourly rate of 51 cents in May 1932.

Employment among trade-union members wasslightly improved during May, increases being reportedfor the building and metal trades groups.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES

Year and monthUnad-justed

Factory employmentand pay rolls, F.R.B.

Employment

Ad-justed

Payrolls

Unad-justed

Monthly avera1923-25=100

Nonmanufacturing employment and pay rolls

Anthracitemining

Em-ploy-ment

Payrolls

Bituminouscoal mining

Em-ploy-ment

Payrolls

Power, light,and water

Em-ploy-ment

Payrolls

Telephoneand telegraph

Em-ploy-ment

Payrolls

Retail trade

Em-ploy-ment

Payrolls

Monthly average, 1929=100

Trade-unionmem-

bers em-ployed

Percentof total

members

Wages

Factory 2

Aver-age

weekly

Aver-age

hourly

ings ings

Dollars

Com-monlabor

Centsper

hour1930: May1931: May1932:

May._JuneJulyAugust -SeptemberOctoberNovemberDecember

1933:January.. .FebruaryMarchAprilMay

Monthly average,January throughMay:

193119321933

90.977.1

61.359.157.258.661.562.060.959.6

58.159.256.757.860.0

77.465.058.4

91.477.8

62.160.058.358.860.361.161.260.6

59.459.456.657.760.6

94.472.1

46.242.639.640.142.143.541.840.9

39.240.036.938.642.0

72.450.639.3

93.880.3

66.953.044.549.255.863.962.762.3

52.558.754.651.643.3

85.571.652.1

98.876.1

58.037.434.541.447.066.751.056.2

43.256.848.837.4

82.862.043.2

90.482.4

62.660.558.659.462.467.069.470.0

69.869.367.663.761.3

88.572.366.3

77.554.4

30.727.324.426.430.237.838.037.7

36.137.230.726.636.9

64.041.131.5

103.497.6

84.083.282.381.581.079.979.178.4

77.777.476.976.976.9

97.786.277.2

104.598.7

84.280.578.776.774.774.473.273.2

73.071.671.969.469.9

99.485.371.2

99.787.4

79.979.178.177.476.275.574.8

74.673.973.272.370.1

81.772.8

103.294.1

82.882.179.679.175.975.774.373.5

71.771.971.667.868.5

95.686.670.3

96.789.9

79.474.672.677.881.381.795.2

76.973.471.478.677.0

89.081.775.5

97.388.0

71.168.263.360.764.667.166.973.6

62.758.455.160.459.5

88.073.859.2

26. 71 . 59224.25 .570

17.1716.2415.4315. 3516.2316.8616.8416.37

16.2116.1314.5615.3916.71

23.8718.3715.80

.510

.500

.489

.487

.479

.474

.468

.467

.464

.460

.460

.453

.574

.521

.461

4037

3233323232323232

32323233

3633

1 Adjusted for seasonal variation. 2 National Industrial Conference Board.

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Page 10: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

8 SURVEY OF CURRENT BUSINESS July 1933

FinanceTHE passage by Congress of a resolution repealing

the gold clause in public and private contracts andthe enactment of the Glass-Steagall banking bill wereamong the important pieces of legislation enacted dur-ing May and the first half of June. The formerdeclared (1) that the clauses in public and privateobligations payable in gold are contrary to publicpolicy, and (2) that obligations may be discharged inlegal tender. The latter contained provisions for(1) the insurance of bank deposits within certain limits,(2) the extension of branch banking by national banksin States which permit State institutions to havebranches, (3) the divorcing of security affiliates fromcommercial banks within a year, (4) the severance ofdeposit banking from investment banking, (5) theprohibition of interest payments on demand deposits,and other provisions of importance.

Another important legislative act was the SecuritiesAct of 1933, approved May 27, 1933, which is designed"to provide full and fair disclosure of the characterof securities sold in interstate and foreign commerce"and to prevent frauds in the sale and distribution ofsecurities.

Member bank credit outstanding, as estimated onthe basis of reports by banks in 90 cities, showed aslight increase during May and the first half of June.Deposits during the last 2 months have tended toincrease more rapidly than loans and investments,owing to the return flow of currency to the banks afterthe bank holiday and the use of these funds by the

member banks to reduce their outstanding credit at theFederal Reserve banks.

During the period under review total FederalReserve credit outstanding has declined, largely as aresult of a drop in total bills discounted and in billspurchased in the open market. As the first step inthe credit expansion provided for by recent legislationthe Federal Reserve banks purchased approximately$25,000,000 of Government securities during the weekbeginning May 17 and holdings have steadily in-creased since that time.

Although, owing to the embargo, gold movementsduring May were virtually limited to releases fromearmark, the gold reserves of the Federal Reservebanks increased by more than $100,000,000 as a resultof the continued flow of gold coin and certificates tothe banks.

Stock prices have moved steadily upward in sym-pathy with a decline in the foreign exchange value ofthe dollar and in reflection of the increase in businessactivity. During the closing days of May trading roseto record levels. Bond prices moved upward withmore consistency although lower grade issues tended tokeep in sympathy with the more irregular movementof stocks.

The increased activity in the security markets ledto a marked increase in broker's loans. At the sametime call-loan rates declined until they reached theirformer low level of 1 percent. Rates on commercialpaper and on acceptances also tended downward.

CREDIT AND BANKING STATISTICS

Tear andmonth

1930: May1931: May—-1932:

MayJune . . .July.AugustSeptember.October...November.December.

1933:January...February._MarchAprilMay

Bank debits

NewYorkCity

Out-sideNewYorkCity

Report ing memberbanks, Wednesdayclosest to end ofmonth

Loanson

securi-ties

Allotherloans

In-vest-

ments

Condition of Federal Eeserve banks, end ofmonth

Reserve bank credit outstanding

TotalBillsdis-

count-ed

Billsboughtin theopen

market

UnitedStates

Govern-mentsecuri-

ties

Totaldeposits

Mem-ber

bankreserve

ac-count

Totalbank-er's ac-cept-ancesout-

stand-

end ofmonth

Netgoldim-

portsin-

cludinggoldre-

leasedfromear-

mark i

Moneyin

circu-lation

De-posits,NewYorkState

savingsbanks

Millions of dollars

37,42325,072

12,91314,20212,72813, 45814,16312,9449,815

13,967

12,41312,03G12,45412, 01213,977

24, 38818,858

12,49812,90112, 51111,75611, 76712, 35410, 93512,820

12,05310, 4019, 608

10,61211,509

8,4216,867

4,9074,7454,6314,5124,5214,3114,2884,315

4, 2594,234

/ 4,155/ 4,172

8,4167,863

6,7246,5186,3656,2846,1856,1306,1255,982

5,9075,393

/ 5. 472/5,549

5,8897,806

7,3857,4917,7007,7438,2018, 5858, 5898,507

8,5598,196

/ 8, 570/8,633

1,049917

2,0962,3102,4392,3312,2332,2272,2022,145

2,0772,7942,5722,4593,318

313174

490440538433332228309235

274582426435303

185125

3667433433343533

3133620517130

528598

1,5491,7841,8411,8521,8541,8511,8511,855

1, 7631,8661,8381,8371,890

2,4362, 442

2,2402,0282,1582,2412,3122,4462,4842,561

2, 5542,2362,1332,3803,394

2,3692,389

2,1131, 9822,0522,1462,2252,3832,4112,509

2,4462,1411,9492,1323,167

1,3821,413

787747705681683699720710

707704671697669

25.553.6

-217. 7-234.8

£2.8106.6100.266.470.3

171.9

37.0-169.4-113.3

23.71.0

4,4974,679

5,4565, 5305,7525,7205,6855,6435,6435,699

5,6315,8926,9986,1375,876

4, 5055,083

5, 2435, 2S25,2535, 2435,2825,2715, 2655,314

5,3175,2695,2205,1645,113

PostalSavings*

bal-ance tocreditof de-

positors

Thou-sands ofdollars

153,846325,028

742,645784,820828, 549847,421858,720870,823884, 297900,796

942, 5191,006,1851,112, 7151,157, 6521,178,343

1 Net exports indicated by (—). / Estimated on basis of new report covering 90 cities; old report covered 101 cities.

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Page 11: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS

Foreign TradeFOREIGN trade during May showed a relatively

large increase as compared with the precedingmonth, contrary to the usual seasonal trend. Theadjusted index for exports advanced from 29 to 32percent of the 1923-25 average, while that for importsincreased from 25 to 32, the highest figure since lastJune. The value of exports was $114,200,000, 8.6percent higher than in April. Imports reached$106,900,000 an increase of 21 percent for the month.Compared with May 1932, exports were 13 percentand imports 5 percent smaller. As a result of thegreater advance in imports, the favorable merchandisebalance was reduced to $7,300,000. For the elapsed5 months of this year, exports have exceeded importsby $79,300,000 whereas in the corresponding period of1932 the excess was $89,400,000.

The outstanding change in exports during May oc-curred in shipments of unmanufactured cotton. Theseincreased from 240,300,000 pounds in April to326,500,000 pounds in May, while the increase invalue of cotton—$9,100,000—was slightly greaterthan the increase for all exports. Among other lead-ing commodities, exports of lard, canned fruit,oranges, lumber, coal, iron and steel products, elec-trical appliances, and various classes of machineryincreased during May while leaf tobacco and mineraloil exports were considerably smaller.

The increase in imports during May was due tolarger shipments of a wide range of commodities.These were reflected in the totals for each economic

class. Increases in value ranged from 35 percent forsemimanufactures to 13 percent for finished manufac-tures. Principal articles showing increases wereleather, lumber, paper base stocks, and tin among thesemimanufactures; cotton manufactures and news-print among the finished manufactures; hides andskins, oilseeds, and raw silk among the crude materials;and coffee, sugar, and fruits among the foodstuffs.

Tin imports increased in April and again in May toa total of 12,824,000 pounds which represented alarger quantity than for any month since April 1930.Imports of hides and skins and leather were thelargest for any month since the latter part of 1931.Raw silk, coffee, and wood pulp imports were largerin quantity than in the preceding month or in May1932, although for the 5 months ended May 1933 theywere smaller than in the corresponding period of1932. Imports of lumber and newsprint were con-siderably smaller than in May 1932. An increase inthe proportion of Philippine sugar imported in Mayaccounted for the increase of $2,200,000 in the valueof total sugar imports. In quantity, imports of sugarwere slightly smaller than in April.

Unit values of a large number of leading export andimport commodities showed increases during Mayand a few were higher than a year ago. The increasein the unit price of unmanufactured cotton from 7.05cents per pound in April to 7.98 cents per pound inMay accounted for nearly one third of the increase inthe value of cotton exports.

EXPORTS AND IMPORTS

Year and month

Totalex-

ports,ad-

justed^

Indexes

Totalim-

ports,ad-

justed^

Monthly aver-age 1923-25=100

Ex-ports,

in-clud-

ingreex-ports

Exports of United States merchandise

Total

Crude mate-rials

TotalRawcot-ton

Foodstuffs

Total

Fruitsand

prep-ara-tions

Semi-man-ufac-tures

Finished manufac-tures

TotalMa-

chin-ery

Auto-mo-biles,parts,and

acces-sories

General imports

TotalCrudema-

terialsFood-stuffs

Semi-man-ufac-tures

Fin-ishedman-ufac-tures

Millions of dollars

1930: May1931: May___1932:

May.JuneJuly -AugustSeptemberOctoberNovemberDecember

1933:JanuaryFebruaryMarchAprilMay

Cumulative, Januarythrough May:

193119321933

2 622412 30

2 562 38

320.0204.0

131.9114.1106.8108.6132.0153.1138.8131.6

120.6101.5108.0105.2114.2

1,128. 9725.9549.7

312.5199.2

128.6109.5104.3106.3129.4151.0136.4129.0

118.699.4

106.3103.1111.9

1,106. 8710.2539.3

40.736.5

29.824.227.629.747.460.555.352.2

42.331.829.428.635.0

239.3216.6167.1

19.018.9

17.713.415.918.132.140.038.539.0

29.720.618.116.926.1

134.4148.3111.4

42.829.4

20.018.015.617.320.425.219.916.0

16.212.813.411.313.0

155.6109.166.7

4.96.6

4.53.74.35.49.6

12.27.94.8

4.63.83.92.93.8

43.328.819.0

49.929.9

18.214.714.112.915.916.914.615.7

15.813.216.515.317.6

154.492.078.4

179.0103.4

60.552.547.046.345.948.446.645.0

44.341.547.047.946.2

557.4292.4226.9

49.726.5

11.310.39.69.09.1

11.610.29.7

9.28.59.48.89.1

168.262.145.0

29.314.3

7.96.36.25.14.95.04.45.1

6.56.36.97.47.4

81.839.334.5

284.7179.7

112.3110.379.491.198.4

105.5104.597.1

96.083.894.988.4

106.9

933.7636.5470.0

54.2

28.429.619.522.227.327.227.828.7

27.221.123.621.124.9

289.1176.1117.9

76.349.6

37.232.826.329.231.333.532.028.2

30.730.033.632.840.0

246.0193,7167.1

53.430.4

17.218.511.915.114.616.716.616.7

16.213.614.813.518.3

171.9106.876.4

68.445.5

29.529.421.824.625.328.128.123.4

21.919.122.920.923.6

226.6159.9108.4

182446—33-

1 Adjusted for seasonal variation. 2 Monthly average.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 12: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

10 SURVEY OF CURRENT BUSINESS July 1933

Real Estate and ConstructionCONSTRUCTION contracts awarded in the first

half of June reached a total of about $60,000,000which, on a daily average basis, represented the highestactivity level since last fall. The increases occurred inall three of the major groups, but the most pronouncedgain was in nonresidential construction.

The program of public works provided for in recentlegislation, which contemplated expenditures totaling$3,300,000,000, is looked to for a needed stimulus tothis basic industry. The extremely low level to whichactivity has been reduced is indicated by the FederalReserve Board's index, which has averaged 17 percentof the 1923-25 average in the first 5 months of theyear. Plans are being pushed to get public expendi-tures under this program started.

May contract awards were larger than in the previousmonth, the increase amounting to 35 percent. Thetotal, however, was less than the value of awards inJanuary and but 53 percent of the amount reportedlast May. Measurable footage of contracts wasapproximately the same as a year ago. For the first5 months of the year, the average value of undertak-ings was not much more than half that in the sim-ilar period of 1932. Two years ago contracts awardedwere four times as large.

A steady increase in residential building activityfrom the low point reached in February brought thetotal value of that class of undertakings during Mayto the highest level in over a year. Last May a

decrease from the previous month occurred in thesecontracts. In May 1931, the value of residentialconstruction was almost three and a half times as great.

The value of public works and utility contracts inMay increased 40 percent over the low record of theprevious month; for the year so far the amount was43 percent less than the corresponding valuation oflast year.

As is expected at this season, building material ship-ments advanced over the levels of the previous month.The increase in cement shipments amounted to 36percent. Oak flooring shipments, which increased 53percent, as compared to an advance of 3 percent at thistime last year, were at the highest level since October1931. They were only slightly more than half theamount reported in May 1931.

Building material prices for brick houses showed nochange from the low level of the previous month, andthe slight increase which occurred in frame-house ma-terials was insufficient to bring prices above themonthly average level for the first 5 months of theyear. An advance of 2.6 percent in the index of theEngineering News-Record which includes prices ofstructural steel shapes, cement, lumber, and the ratespaid common labor, indicated construction costs werenear the level prevailing at the end of 1931. The realestate market continued stagnant. The only long-term real estate bonds floated so far this year was !arelatively small amount during February.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

Tear and month

Construction contracts awarded

F.R.B.index

ad-justed i

Monthlyaverage

1923-25=100

AH types ofconstruction

Mil-lions ofsquare

feet

Mil-lions ofdollars

Residentialbuilding

Mil-lions ofsquare

feet

Mil-lions ofdollars

Thou'sands ofsquare

feet

Public worksand utilities

Mil-lions ofdollars

Explo-sives,new

orders

Thou-sands ofpounds

Building materialshipments

Maplefloor-ing

Oakfloor-ing

Thousands offeet, boardmeasure

Thou-sands ofbarrels

Ce-ment

BuOdingmaterial

prices

Framehouse

(6-room)

Brickhouse

(6-room)

Con-struc-tion

costs,Eng.

News-Record

First of month, month-ly average 1913=100

Realestatemar-

ket ac-tivity,deeds

record-ed

Month-ly av-erage1926=

100

Long-termreal

estatebondsissued

Thou-sands ofdollars

1930: May1931: May1932:

May..JuneJuly.AugustSeptemberOctoberNovember.. _December

1933:JanuaryFebruaryMarch _._AprilMay

Monthly average, Januarythrough May:

1931_ _ ___.1932_._ .__1933

10565

2627273030292728

2219141417

53.738.9

1.5.712.314.413.913.511.012.16.9

8.57.49.9

10.915.3

33.814.310.4

457306

14611312913412810710581

8353605777

29511166

23.521.9

6.75.85.55.56.66.05.53.4

3.23.14.85.88.4

19.17.15.1

116.6

25.623.119.720.822.821.919.213.0

12.011.816.019.1

83.627.917.1

1,099387

182106265205243138543181

83214811785

400

467213316

152.1108.9

61.750.160.064.268.758.554.243.3

42.717.217.613.619.0

113.538.3

33,34026,441

16,13914,31914,47317,60720,86722,12219, 07417,998

17,12915,43715,43515,00619, 975

25,88717, 73416,596

4,6693,315

2,3252, 2812,2642,8162,4022, 0311,9021,590

1,4961, 3181,2462,097

« 2,873« 2,129«1,539

30, 29527, 745

12,93910, 2537,699

11, 62611, 73910, 6575,9184,327

4,4336,0747,5739,479

14,549

24,44412, 377

17, 22411, 200

8,0209, 2649,21810, 9689,7298,7434,7822,835

2,5022,2783,5104,9496,748

5,0083,997

177160

152150148148149148148149

147146147143145

162155146

181167

157157154155155153154153

152151153150150

169161151

205.9189.3

152.8152.2153.4156.8158.0159. 2158.2158.5

158.4159.3158.4160.2164.4

193.31.57. 5160.1

73.561.3

51.655.247.254.253.460.450.152.9

50.457.241.741.1

« 64.1"56.5"47.6

3,8139,485

00

7000

220200

0900

00

5,369494180

i Based on 3-month moving average and adjusted for seasonal variation. " 4 months' average.

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Page 13: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 11

TransportationEXPANDING productive activity has been reflect-

' ed in a steady advance in carloadings which, foreach of the 6 weeks ended June 17, exceeded the load-ings in the corresponding period of 1932. This is thefirst time since 1929 that improvement has been shownover the preceding year's record. Average weeklyloadings for the 2 weeks ended June 17, were 576,238cars, compared with an average of 492,000 cars in thefull month of June 1932. The May rise was in excessof the seasonal gain for the month and the adjustedindex advanced to 56 percent of the 1923-25 averagecompared with 53 in April and 54 in May 1932.

The rise in loadings in May extended to all classeswith the major part of the increase concentrated in themiscellaneous group. All classes, with the exceptionof livestock and l.c.l. merchandise, were larger in Maythan a year ago. The weekly l.c.l. loadings have notyet crossed last year's figures and for the latest weekreported were 4 percent lower. The adjusted indexfor May increased 5 percent above April, but was nohigher than in February and was 7 percent below ayear ago. The relative increase in total loadings sinceMarch has been much less than the increase in pro-duction, the adjusted carloadings index advancing 12percent and the production index 27 percent.

The first operating reports for May reveal a decidedimprovement in net operating income for the month.These early returns indicate that the May total wasmuch more than double the figure of a year ago. In

April, the net operating income was only 8 percentbelow last year and as there was a sharp drop in May1932 and an increase this year, the comparison for lastmonth should be decidedly favorable. Nevertheless,much further improvement is needed to restore theimpaired earning capacity of the roads. In the first4 months of 1933 the net operating income of theclass I carriers amounted to $52,761,317, comparedwith $85,647,469 in 1932.

The railroads gave notice on June 15 of their inten-tion to seek an additional 12}£ percent reduction in thebasic pay scale which would increase the cut now ineffect to 22^ percent. Through the mediation of theFederal coordinator, appointed under the recentlegislative enactment, an agreement was reached onJune 21 whereby the railroads agreed to defer actionin this regard until June 30, 1934.

The Railroad Credit Corporation announced thatat the termination of the lending period on May 31,substantially all of the emergency revenues whichaccrued to the carriers up to and including March hadbeen received and allocated. Loans actually madetotaled $73,691,368.

Prospects of the equipment branch have brightenedsomewhat with the better traffic returns, although theimprovement in May was slight and was confined tothe repair industry. Employment in this group wasup 3 percent and pay rolls 7 percent. In the manufac-turing branch, conditions were unchanged*

RAIL AND WATER TRAFFIC

Year and month

1930: May1931: M a y -1932:

MayJuneJuly —AugustSeptemberOctober..November—December

1933:January . . .FebruaryMarch. _AprilMay

Monthly average, Janu-ary through May:

1931-19321933

Freight-car loadings

F.R.B. index

fMonthly aver-age, 1923-25=

100

.38

"2-S

I

Thousands of cars *

912.7739.7

522.0491.6484.4516.3561.1631.6548.8497.4

477.6489.5460.3500.9533.0

731.5554.9493.5

135.8113.9

74.666.772.384.6

103.6135.2122.8125.2

107.1123.191.479.579.6

130.4103.195.3

9.46.5

3.12.92.62.73.44.84.85.6

5.26.24.53.43.8

7.84.94.6

51.932.9

18.716.814.615.517.118.916.013.2

13.713.714.617.230.8

33.519.216.1

37.335.8

29.225.336.938.537.134.727.826.5

26.625.326.035.537.0

30.830.3

22.820.4

17.114.914.416.920.323.419.016.6

17.215.413.016.516.6

21.918.715.8

239.8217.5

182.1170.5163.3169.1170.3178.7166.5155.4

153.4154.6156.1160.5165.3

216.7185.1158.1

55.617.3

2.63.56.17.16.16.43.01.8

1.81.82.03.27.7

2.93.3

360.1295.4

194.5190.9174.3181.9203.2229.6189.0153.1

152.6149.4152.7185.2301.3

274.1190.1169.0

442616

751773764708599545622647

692650681619553

730638

Financialstatistics

©St-

Thou-sands

2,3511,900

1,2701,3001,2761,3231,3391,1581,0781,248

1,158952872974

• 2,019a 1, 439

"989

Thousands ofdollars

69,32341,700

11,95112, 65311, 59728,36849, 64763,83934,17932, 857

13, 2669,85510,54819,042

37,77819, 534

36,60031, 500

17, 2009,90012,0009,0007,30010,4007,5005,900

10, 5008,00011, 30011,5001,435

42,48028,4008,545

Canal traffic

Ii

Thousands ofshort tons

11,3204, 335m1,5681,9882,6383,0953,8073,9242,877215000

6963,490

402457

4154543765284785545880

000

183543

IThous.of long

tons

1,116937

662633576650638723682587

560623724302783

920658593

i Daily average basis. 2 For seasonal variation. 3 American vessels, both directions. 4 Average weekly basis. o 4 months' average.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 14: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

12 SURVEY OF CURRENT BUSINESS JuVy 1933

Automobiles and RubberWHILE June usually brings a recession in auto-

mobile production, during the current monththere has been a contraseasonal rise, according to theweekly estimates of output. The June figures areexpected to show a considerable increase over the Maytotal which was the largest since July 1931.

Expansion in automotive schedules during MayIncreased total output approximately 35,000 units overproduction in the preceding month and a year ago.According to the Federal Reserve Board's index, ad-justed for seasonal factors, the gain over Aprilamounted to 16 percent. Combined output in thefirst 5 months of the year was 9.4 percent higher thanin the same period of 1932. Production of Canadianplants during May was the largest in 2 years.

Passenger car output in May was 46 percent abovethe monthly average output for the year. The num-ber of trucks produced so far this year was slightly lessthan in the corresponding months of 1932, althoughthe trend has been steadily upward since February.Output of taxicabs fell off, but for the year to datemore than four times as many have been producedas in the corresponding period of 1932.

Estimates of R. L. Polk & Co. place retail sales ofnew passenger cars in the United States during Maybetween 150,000 and 155,000 units, as compared withabout 120,000 in April and 131,000 in May 1932.Truck sales were estimated around 23,000 units, asagainst 17,500 in the preceding month and 18,500 last

May. The trend in retail sales has continued upwardin the first 3 weeks of June.

Although exports of passenger cars and trucks duringMay declined slightly from shipments in the precedingmonth, in each instance shipments for the first 5months of the year were considerably above the cor-responding totals for this period last year. Shipmentsof both classes of motor vehicles, however, totaledless than 60 percent of exports in these months of 1931.

Preliminary estimates place production of pneu-matic tires for May 65 percent over the April showingand 35 percent above May 1932. These increases areslightly less than the relative gains which occurredin total crude rubber consumption on the same basisof comparison. Reports indicate that shipments ofcasings were well maintained during the month, whilemanufacturers' inventories declined slightly at the endof May and were about 25 percent below stocks onMay 31, 1932.

A sharp increase in domestic consumption of cruderubber during May raised the total 70 percent abovethe April figure, whereas last year the increase betweenthese months was only 12 percent. For the first 5months of the year, however, crude rubber con-sumption remained 11 percent below that in thesimilar period of last year. Imports increased 6,000tons, compared to a decrease of 4,000 tons in May 1932.World stocks at the end of the month were the lowestfor the year and were also below a year ago.

AUTOMOBILE AND RUBBER STATISTICS

Year and'month

F.B.B.Index,

ad-justed i

Month-ly av-

Automobile production

United States

1923-25= 100

TotalPas-sen-gercars

Thousands

Taxi-cabs Trucks

Canada

Total

Automobileexports

Passen-ger cars Trucks

Newpas-

sengercarreg-

istra-tions

Number

Automobilefinancing

Bywhole-

saledeal-ers

Retailpur-

chasers

Millions ofdollars

Pneumatictires

Pro-duc-tion

Do-mesticship-

ments

Thousands

Crude rubber

Do-mesticcon-

sump-tion,total

Im-ports

Worldstocks,end ofmonth

Long tons

1930: May_1931: May_ _..1932:

M a y . .JuneJulyAugustSeptemberOctoberNovemberDecember

1933:JanuaryFebruaryMarchAprilMay

Monthly average, Jan-uary through May:

1931 . —1932

10178

4547332324173160

420317

18418310990844960

107

130107118181218

264138151

361271

158160957665354786

1089199

153185

221114137

440340

73235279

135

239291

515266041154

49160

256

58,65945,688

26, 53922,76814,43814,41819,40213, 59512,02521, 204

21,71815,33318,06427, 31733,539

42,78523,46733,194

24, 67212,738

8,2217,1127,4724,0672,3422,9232,2042,139

3,3583,2986,6328,2559,396

11,8516,5116,188

16,8768,468

3,6042,9723,0392,8933,0531,7331,7622,757

7,0595, 5215,5285,6625,093

9,7994,6465,773

9,6664,496

1,5031,3871,8652,0442,6012,5491,3532,221

3,0843,1362,5282,6563,445

4,9662,1892,770

345,069247,727

131,282148, 752104,18893,45781,89363,19544,35845,683

79,82169,46478,741119,909150,000

195,044102,97599,587

"569 34

115109

5863454539342827

31293445

4,5744,543

3,0564,5152,8932,4712,0312,0551,8431,586

1,8061,8711,6302,499

"3,453"2,904"1,953

3,9604,197

3,3258,2121,8452,0652,4111,3851,3061,405

2,0111,7641,6162,874

" 3,096o 2,421"3,066

35,91234,792

26,86135,98726,01020,58220,69219,33720,15715, 631

19,92818,82515,70122,81738,785

29,67525,93533,311

42,99435,844

34,32341,11732, 524

29,28035,80629,62032,016

30,66322,96928,47521,03436,736

38,50236,04335,975

406,137531, 516

629,110593,601579,195595,782599,761604,008611,301621,078

614,851618, 299622,142617,490611,000

518,614626,031616,756

1 Adjusted for seasonal variation. «4 months' average.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 15: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 13

Chemical IndustriesIMPROVED general business activity in May and

early June served to modify the seasonal recessionin the chemical and allied industries usually experiencedat this time of year. The heavy chemical branch hasshared in the general rise in manufacturing activity.Prices in all sections turned definitely upward. Em-ployment declined by less than the normal seasonalamount, while pay rolls increased to the highestvolume recorded since June a year ago. Several sec-tions of the chemical industry have perfected tradeassociation organizations to function under the Indus-trial Recovery Act.

May employment declined less than usual at thistime of year, and when allowance is made for the nor-mal seasonal movement, the volume surpassed that ofany of the months since January 1932. The greatestgains in employment occurred in the heavy chemicals,paint and varnish, soap, and rayon and allied productssections of the industry, while the losses were recordedin the fertilizer, drug, and cottonseed oil, cake, and mealdivisions.

Pay rolls increased in May for the second consecu-tive month to reach the highest volume recorded duringthe past 10 months. The most important rise tookplace in the heavy and general chemicals branch.

Stocks of chemical raw materials on hand declinedabout the normal seasonal amount in May to approxi-mately the same level reached at this time in the past2 years. Manufactured stocks, however, were drawn

upon to more than the usual seasonal extent and de-clined to the lowest volume recorded during the past3 years. Stocks of finished products on hand in Maywere 16 percent less than at this time a year ago.

Reflecting increased activity in the iron and steelindustry, the production of byproduct coke rose 16percent in May to the highest monthly volume re-corded during the past year.

Production of wood rosin and turpentine rose sharplyin May from the low level reached in April, the outputof the former increasing by a fourth to exceed the levelreached in this month a year ago. Receipts of gumrosin and turpentine at three ports mounted rapidlyand more than seasonally in May, the increases overthe previous month amounting to approximately 75percent in each case. Prices of gum rosin and turpen-tine increased in May by 25 and 9 percent, respectively.Stocks of the gum products on hand at the end of themonth showed the usual seasonal increase for thistime of year while stocks of the wood products declined.

Fertilizer consumption in Southern States usuallyfalls off abruptly in May, but this year an increase was.registered over the exceedingly low April absorption.The volume about doubled between these months, thecurrent consumption being greater than the normallylow levels reached in May of the past 2 years. Imports,of fertilizers were approximately the same in May as inthe month previous, although there is usually a sharpdecline in this period.

CHEMICAL STATISTICS

Year and month

General operations

Electri-cal

energycon-

sump-tion

Employment

Unad-justed

Ad-justed

PayroUs

unad-justed

Stocks

Manu-fac-

turedgoods

Rawmate-rials

Monthly average, 1923-25=100

Alcohol

EthylRe-

finedmeth-anol

Syn-theticmeth-anol

By-prod-uct

coke

Explo-sives

Rosin,wood

Tur-

ttnelwood

Production

Thousands of gallonsThous.of short

tonsThous.oflb. Barrels

Fertilizer

Con-sumtionESK" imports

Thous.of short

tons

TotalNitrateof sodaimports

Long tons

1930: May1931: May1932:

MayJuneJ u l y -August -.SeptemberOctoberNovember _ _.December

1933:JanuaryFebruary _.MarchAprilMay—.

Monthly average, Janu-ary through May:

193119321933 .--.

146.6133.8

129.9123.8124.9116.6126.8129.0130.1124.3

126.0130.0115.6121.0126.6

137.8129.0123.8

104.691.4

78.374.272.372.274.075.175.575.4

76.277.378.282.478.9

94.680.978.6

106.593.0

79.776.474.774.073.774.975.275.2

76.476.475.677.680.3

106.688.4

66.963.260.060.059.860.760.959.8

60.760.860.460.861.9

90.769.560.9

134127

131118120116121122121121

122120123119113

130132119

93918890

112122122117

112104999390

103100

13, 24513,120

11, 57810, 57711, 90812,36513, 35513,1407,3915,278

6,0149,0848,2299,012

10,95810,807"8,085

406118

729784151102198141174

1661171248395

220116117

784

743713794793698571532644

353325178425366

747578329

4,2353,126

1,7431,5371,5231,4741,5441,7391,7521,786

1,7851,6391,6661,6561,921

3,1041,9621,733

36,14726, 960

16,89614, 01812, 56317, 90319, 55722,62420, 75317,930

17,77716,00815,80416, 00515, 781

27,48217,40616,275

40, 93333, 593

30, 59729, 48330, 07631,14131,15533,13231, 30829, 220

31,18825, 58326, 59724, 92631,045

31,90825, 28627,868

7,4545,996

5,1514,8274,8784,8615,0205,2025,4545,070

4,9754,1754,2553,8315,028

5,6944,1284,453

235195

15668144097986085

205298825119235

726441336

89, 76372,159

84, 78358, 01849,98557, 53088,00691,61985,20647,956

94,31390,34997,507

102, 204101,085

149,98292, 56497,092

42,308.34,006

37-647

110'

51713;

4,887"48-

405 •2,516

10666

8,431

67,0888,8612,305

i Adjusted for seasonal variation. 2 Southern States. o 4 months' average.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 16: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

14 SURVEY OF CURRENT BUSINESS July 1933

Farm and Food ProductsOPERATIONS in the foodstuffs industry improved

during May, and pay rolls in all the group clas-sifications of the industry were higher than in Aprilwith the exception of the flour milling branch. TheFederal Reserve Board's production index (which iscomputed from the livestock slaughtered, flour milled,and sugar melted) dropped from the exceptionallyhigh point touched in April.

Wholesale prices of foods again increased duringMay, making the third successive monthly advance.The gain over April amounted to 5.9 percent. Farmprices have also increased substantially.

Receipts of bread grains at primary markets regis-tered a greater than seasonal gain during May. Stocksof corn increased more than 5,000,000 bushels overApril to the highest point since March 1928; holdingsof oats were also higher, but wheat stocks declined7,388,000 bushels. The crop forecast of winter wheatas of June 1 showed no change in the outlook for thisharvest which will be the smallest in nearly 30 years.Movement of livestock to markets revealed a greaterthan seasonal movement during May, substantialgains being noted in the receipts of cattle, calves, hogs,and sheep.

Plans have been drawn up to place into effect theprovisions of the Agricultural Adjustment Act as itrelates to wheat and cotton. For wheat the plan

provides for a decrease in the acreage planted of onefifth, but its operations have been held in abeyancepending a discussion of a general reduction on thepart of other large wheat-growing countries. Afluctuating tax on the milling of wheat will be imposedto make up the difference between the parity priceand the price at the farm market. The effectivedate of the tax has not been set but it is expected tobe put in force within a short time after the beginningof the crop year.

A plan has also been drawn provided for a reduc-tion in the 1933 acreage of cotton of approximately25 percent. Adjustment for holding 10,000,000 acresout of cultivation will be compensated for by fundsobtained from a processing tax. This tax, to belevied against spinners will begin, according to pres-ent plans, on August 1, and will amount to the differ-ence in the average farm price for cotton at the timeit becomes effective and the pre-war price of 12.4 centsper pound. The growers withdrawing acreage will becompensated by either of the following: (1) a rentalvarying from 6 to 12 dollars per acre according toyield, plus the privilege of taking an option on Govern-ment-owned cotton at 6 cents a pound in amountsequaling their crop reduction or (2) a higher rentalvarying from 7 to 20 dollars per acre without theprivilege of taking the cotton option.

FOODSTUFFS STATISTICS

Year and month

Monthly aver-age, 1923-25=100

Food products

F.B.B.

IIMonthlyaverage,1926=100

Agriculturalmarketings

Monthly aver-age, 1923-25=100

Wheat

2!i

Millions ofbushels

Dollarsper

bushel

i

Corn

Mil-lions ofbushels

Dollarsper

bushel

Animals and animal products

Thousands

Meats

Con-sump-tion,

appar-ent

Stocks,coldstor-age,

end ofmonth

Butter

Con-sump-tion,

appar-ent

Millions of pounds

Imports

IThou-sandsof longtons

Thou-sandsof bags

1930: May__1931: May1932:

MayJuneJulyAugustSeptemberOctoberNovemberDecember

1933:JanuaryFebruaryMarchAprilMay.

Monthly average Jan-uary throughMay:193119321933

91105101

97.190.8

83.281.179.481.081.881.380.780.0

79.679.278.481.582.6

90.583.780.2

92.273.8

59.358.860.961.861.860.560.658.3

55.853.754.656.159.4

77.261.955.9

5767

5241517112416413184

67

10297

9588808581838481

81697686103

120

171167178188194190177169

158148137126119

201193138

1.01.76

.61

.53

.48

.55

.55

.51

.49

.46

.48

.48

.53

.64

.73

.73

.60

.57

.54

.35

1,5171,551

1,3971,3381,2911,6061,6891,8961,5431,161

1,3181,1361,1711,2961,558

1,5031,3621,396

3,2932,938

3,0502,5452,1592,4052,5052,6912,7753,121

3,3812,6992,6382,7983,143

3,5143,3652,932

1,0761,060

1,0331,018956

1,0021,0961,0881,0421,014

1,061919993

1,0301,110

1,0121,0271,023

9501,062

1,020940844751637544513620

717751749780861

1,057990772

157166

167132133149142142139134

129123129134161

142139135

682353

457314340468328239186174

258289430536491

379442401

9151,415

1,0561,079

671601782923935945

9111,0831,109

9221,187

1,2661,0881,042

i Adjusted for seasonal variation. » Revised. Earlier data may be found on p. 19 of June 1933 issue. 3 Includes receipts from Hawaii and Puerto Rico.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 17: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 15

Forest ProductsMAY and early June developments favorable to

general business were reflected in the improvedposition of the lumber industry. Activity increasedin all branches, with the most pronounced improve-ment in orders, and a slightly slower pick-up in ship-ments and production.

The outstanding feature of the situation in May andearly June was the increase of 36 percent in new ordersreceived in the last week of the period over orders inthe first week. This was accompanied by rising prices.Shipments increased less than new orders during thistime, resulting in a 60 percent rise in unfilled orders.At the same time production was less than shipments,and existing stocks on hand were further curtailed.

The lumber industry was among the first to organizeits various units so as to prepare to function under theIndustrial Recovery Act. Other Government pro-grams, such as those relating to home loans and thestimulation of construction, are being closely followeddue to their direct effect on the demand for lumber.

Production of lumber rose sharply during May andearly June in response to increased orders. The Mayvolume of output was the largest recorded during thepast year and a half, and represented an increase of23 percent from the previous month's production.Current output is 60 percent above that of lastFebruary, when a definite turn in the previously down-ward trend took place.

Employment in the lumber and allied productsindustries as a group increased 7 percent in May ascompared with April. Normally, there is no appreciablechange in this period. Pay rolls rose 15 percent,reflecting an increase in the time worked by thosealready employed as well as the augmentation of thenumber of employees working. Employment is cur-rently 9 percent below May a year ago, while pay rollshave fallen off 19 percent in this period.

Carloadings of forest products have continued toincrease, the rise amounting to about a fifth in each ofthe months April and May. Current loadings are thehighest reached during the past year and a half and are11 percent greater than in May 1932.

Naval stores marketings were up more than season-ally in May, the normally sharp increase at this timebeing greatly surpassed. Marketings in this monthwere a fifth above a year ago, and were about 10 per-cent less than in May 1931.

Southern pine new orders were up 59 percent inMay after remaining stationary from March to April.The current volume surpasses that of any month sinceJanuary 1931 and is 75 percent greater than in thismonth a year ago. Production rose about a third inMay whereas there is usually a slight seasonal declineat this time. Shipments failed to keep pace with therise in orders, and unfilled orders on hand increasedover a third.

FOREST PRODUCTS STATISTICS

Year and month

Lum-ber

pro-duc-tion,ad-

justed i

General operations

Em-ploy-ment,

ad-justed i

Payrolls,

unad-justed

Indexes ofmarketing

Totalforestprod-ucts

Navalstores

Monthly average 1923-25=100

Car-load-ings,forestprod-ucts 2

Thou-sands of

cars

Southern hardwoods

Pro-duc-tion

Neworders

Un-filled

orders

Douglas fir

Pro-duc-tion 2

Neworders2

Un-filled

orders,end ofmonth

Southern pine

Pro-duc-tion

Neworders

Un-filled

orders

Millions of feet, board measure

Householdfurniture 3

Ship-ments

Un-filled

orders,end ofmonth

Numberdays'

production

1930: May..1931: May-

MayJuneJulyAugustSeptemberOctoberNovemberDecember

1933:January.FebruaryMarchAprilMay

Monthly average, Jan-uary through May:

193119321933

7648

2826252323242123

2620222430

4726U

73.955.4

39.037.936.135.736.637.637.336.8

35.034.432.533.335.7

55.841.534.2

73.245.7

22.220.919.019.320.922.420.918.8

16.316.314.315.618.0

45.324.516.1

79.666.7

57.753.355.454.851.555.951.346.9

50.850.854.056.2

"58.0"52.9"53.0

174.7136.5

102.3104.0114.3107.489.478.477.270.3

31.723.032.969.4

132.3

67.450.055.8

51.932.9

18.716.814.615.517.118.916.013.2

13.713.714.617.220.8

33.519.216.1

240146

"153"86"64

195158

1019083

114154113101

"171"111"103

603431

270242227265275256246252

238230226247

"468"309"235

77.041.4

25.022.215.922.524.122.721.116.4

23.424.421.128.834.4

44.725.026.4

72.937.8

27.026. 221.329.238.422.523.721.2

26.424.328.333.657.3

48.727.334.0

201.9135.6

71.260.457.781.0119.176.181.985.1

120.9109.7107.9120.4195.2

182. 591.9

258148

10091839180

1139975

85788789

116

1599691

230158

1039691

1491341449168

9676

113113180

173113116

16084

6244468082755044

5755646792

1076767

2611

77

10101197

1510

6

1 Adjusted for seasonal variation. 2 Weekly average. 3 Grand Rapids district. " 4 months' average.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 18: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

16 SURVEY OF CURRENT BUSINESS July 1933

Iron and Steel IndustryCONTINUED contraseasonal expansion in demand

for steel brought the rate of operations by thelatter part of June to 50 percent of capacity, the highestactivity reported in over 2 years. A year ago theoperating rate was around 16 percent of capacity andthe trend was downward. Support in the industrycontinued primarily from the automotive industryand from miscellaneous sources. Railway, construc-tion, and oil industry requirements showed littleimprovement.

General operations for the month of May advanced40 percent over the April showing, according to theFederal Reserve Board's adjusted index. Although 5percent additional wage earners were employed, thenumber was still under the total reported last De-cember and 7 percent below May a year ago. Therelatively wider increase occurring in pay rolls placedwages 19 percent above the average amount receivedby mill labor during the first 5 months of the year.

Iron and steel exports in May, amounting to 123,000tons, exceeded those of any month since October1930. Japan continued the largest market, taking76,000 tons, substantially all of which was scrap.Total exports in the first 5 months of 1933 reached425,000 tons, 155,000 more than in the same period of1932. Imports during these months amounted to118,000 tons, a decrease of more than 30 percent ascompared to the corresponding months of 1932.

The gain in steel ingot production during May wasthe second consecutive increase. Output was nearly80 percent larger than the tonnage produced in Maylast year; 22 percent below production in May 1931;and approximately half the output reported in May1930. Operations averaged 34 percent of capacity,which was more than double the March rate.

Pig iron output, at 887,000 tons, was the largesttotal reported since March 1932. Average monthlyproduction through May, however, was 30 percentbelow the tonnage produced in this period last yearand only one third the output for the correspondingmonths of 1931. Fifteen additional stacks wereplaced in operation during the month, bringing thetotal above the average number in blast during thefirst 5 months of both this and last year.

Reversing the usual trend in May, an increase inunfilled orders on the books of the United States SteelCorporation placed the tonnage at the highest levelsince December. The total, however, fell short of thebacklog a year ago and was only slightly more thanhalf the figure reported for May 1931.

Outstanding among price advances during May wasthat in scrap, which was quoted 41 percent higher inthe Chicago district. Finished steel prices increasedslightly and the composite price of iron and steel roseto $28.75 in early June. No change has occurred inquotations of steel billets since the decline reportedlast June.

IRON AND STEEL STATISTICS

Tear and month

General operations

Produc-tion,ad-

justed *

Em-ploy-ment,

ad-justed i

Payrolls,

unad-justed

Monthly average,1923-25=100

Iron andsteel

Ex- I m -ports ports

Pig iron

Pro-duc-tion

Thousands of longtons

Fur-naces

inblast

Num-ber

Steel ingots

Pro-duc-tion

Thou-sands of

longtons

Per-cent

ofca-

pac-ity

Per-cent

Steelsheets >

Newor-ders

Ship-ments

Thousands ofshort tons

UnitedStatesSteel

Corpo- ore im-ration,

un-fitted

orders,end ofmonth

Man-ganese

ports,(man-ganesecon-1tent)

Thousands oflong tons

Prices

Ironandsteel,com-pos-ite

Steelbillets,Besse-

mer(Pitts-burgh)

Steelscrap(Chi-cago)

Dollars per long ton

Finishedsteel,com-posite

Dollarsper 100pounds

1930: May1931: May1932:

MayJuneJuly.August -SeptemberOctoberNovemberDecember __

1933:January,.February..March _AprilMay

Monthly average, Januarythrough May:

193119321933

10467

2925252328313127

2931213549

91.674.8

56.554.852.150.651.353.253.852.8

50.651.448.350.052.5

76.360.650.6

95.564.9

30.426.022.222.123.426.225.624.2

22.724.722.424.429.5

66.834.324.7

19595

8052533336415654

576481

100123

3,2331,994

784628572531593645631546

569554542624887

635

180105

5346464247495142

4545384863

1096048

3,9832,552

1,125913807847992

1,0871,032

861

1,0301,087

9101,3632,002

2,6861,3571,278

205149

77

119144

185105101

266192

10719017361759277167

797375100119

19211289

4,0593,620

2,1772,0351,9661,9701,9851,9971,9681,968

1,8991,8541,8411,8651,930

3,9222,4341,878

17

33.8431.39

29.6229.5429.4829.3329.3229.3229.1228.93

28.6928.3128.3528.1628.45

31.6029.7128.39

32.5029.50

27.0026.5026.0026.0026.0026.0026.0026.00

26.0026.0026.0026.0026.00

29.9027.1526.00

12.50

6.405.694.885.756.256.005.935.25

5.255.255.256.008.45

9.797.046.04

2.352.21

2.172.172.172.172.162.162.152.14

2.122.102.102.062.08

2.222.152.09

1 Adjusted for seasonal variation. 2 Black, blue, galvanized, and full finished.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 19: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 17

Textile IndustryTEXTILE production in May increased sharply for

the second successive month and the FederalReserve Board's seasonally adjusted index averaged106 percent of its 1923-25 average, an increase of 25percent over April and the highest figure since Novem-ber 1929. Recent reports indicate that the improve-ment continued in June. Employment in Mayincreased 5.5 percent over the preceding month and payrolls were 8 percent larger according to the indexes ofthe Bureau of Labor Statistics.

Wholesale prices of textiles averaged 8 percenthigher in May than in April and rose a further 5 per-cent from June 3 to 17.

Raw cotton consumption per working day averaged23,281 running bales in May compared with 19,018bales in April and only 13,034 bales in May of lastyear. It was the largest monthly consumption sinceOctober 1929. May activity of spinning machinery,at 112.3 percent of capacity on a single shift basis,was 17 percent more than in April and 77 percentlarger than in the corresponding month of 1932. Inthe cotton growing States 90 percent of the spindles inplace were operated at sometime during the month,and in the New England States 62 percent, as comparedwith 88 percent and 56 percent, respectively, in April.Production of cotton printed cloths in May increased28 percent over the April output but was slightlysmaller than in March. Shipments of these goods weresmaller than production causing stocks at the end of

May to rise 1.2 percent above the total at the end ofApril.

Wholesale prices of cotton goods rose 14 percent,the second successive advance to reach the September1932 level. The May index was 9.5 percent higherthan in May of last year. Compared with 1929,cotton goods prices in May were 41 percent lower, andalso 7.7 percent lower than the May combined indexof all commodities.

Following the slow revival of activity in April, woolconsumption increased 63 percent in May and wasnearly three times the consumption of May 1932. Itwas also 4.3 percent more than the consumption inMay 1931. There was a considerable increase in theoperating time of woolen and worsted spindles and oflooms. Activity of woolen spindles increased from53 percent of capacity on a single shift basis in Aprilto 77 percent in May; worsted spindles from 35 to 72percent; narrow looms from 29 to 46 percent; and widelooms from 42 to 66 percent. Wholesale prices of woolenand worsted goods rose 15 percent from April to May.

Deliveries of raw silk to American mills in May were13 percent greater than in the preceding month, andwere the largest since last October. They were 43percent larger than in May 1932 and 4.6 percent morethan in the same month of 1931.

Prices of 13-15 Japanese raw silk in New Yorkaveraged $1,586 per pound in May compared with$1,324 in April and an average of $4,933 in 1929. ,' \

TEXTILE STATISTICS

Tear and month

Month-ly av-erage,

1923-25=100

a

Cotton,raw

li

Kun-ningbales

Cotton and manufactures

§3

xfi

Mil-lions ofspindlehours

Cotton clothfinishing 2

Thousands ofyards

Month-ly av-erage,1926=

100

Wool

S

IThou-

sands ofpounds

Wool manufactures

Spinningspindles Looms

Percent of active hoursto total reported

Month-ly av-erage,1926=

100

Silk

=

s

Bales of133

pounds

Operations, machin-ery activity

£ I-1&i

liPercent of active hours

to totalDollars

perpound

1930: May1931: May_1932:

MayJuneJulyAugustSeptemberOctoberNovemberDecember

1933:JanuaryFebruary _March _.AprilMay

Monthly average, Janu-ary through May:1931_1932_._.

97

59636990104999291

87837685106

473, 284465, 363

332, 372322, 706278, 568402, 601491, 655502, 244503, 722440,062

471, 202441, 663494,167470,685620,909

469, 611414, 745499,725

6,7256,733

4,5924,2503,6565,5396,8667,0466,967

6,7886,2867,0486,5698,310

5,9087,000

67, 704

43,86840,99337, 40464, 48087,98887, 95669, 51579,175

88, 30093,77395, 74674,46395,325

77,37370,90789,521

85, 38174, 436

71, 36471, 62462, 54759, 04066, 63374, 85081, 933

80,09782, 27280, 44680, 76581,740

68,56180, 28481,064

89.069.2

52.951.050.052.657.956.253.651.7

50.149.150.050.757.9

71.955.351.6

32, 64144, 966

16, 51918, 93326, 71941, 36146, 05542, 42338,96336, 532

35, 51033, 27824, 94328, 70146,898

41,06526, 90733,866

5266

2534505774735857

5657323572

573950

3945

1816172636434233

3636282946

362235

80.068.5

58.355.053.653.456.756.555.354.2

53.453.253.253.361.5

71.361.454.9

40,82345,073

32, 92337,46638,38259,90559, 69453, 70343,95540, 548

46,20432, 66538,93441, 91047,151

50,39344, 03341,373

87.976.3

43.239.547.167.683.784.576.283.2

89.780.656.659.275.4

90.366.472.3

55.042.5

39.635.845.938.343.646.845.334.2

37.236.836.342.246.0

44.443.139.7

59.149.5

30.428.641.050.262.061.952.255.5

56.848.938.249.852.3

54.841.349.2

3.9402.266

1.2311,1941.2311.6471.8051.6731.5621.550

1.3051.2011.1821.3241.586

2.5221.6231.320

1 Adjusted for seasonal variation.

182446—33 3

* Printed only (mill and outside). Grease equivalent*

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 20: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

18 SURVEY OF CURRENT BUSINESS July 1933

LIFE INSURANCE—ADMITTED ASSETS[Thousands of dollars]

Tear and month Grandtotal

Mortgage loans

Total Farm Other

Bonds and stocks held (book value)

Total Govern-ment

Publicutility Railroad Other

Policyans and

premiumnotes

1923 monthly average..1924 monthly average..1925 monthly average..1926 monthly average..1927 monthly average..

JanuaryFebruary. _.MarchAprilMayJuneJulyAugustSeptember.OctoberNovember..December..

1928

Monthly average._.

1929JanuaryFebruary, _.MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December..

Monthly averane. _.

1930JanuaryFebruary...MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December.

Monthly average,_

1931JanuaryFebruary...MarchAprilMay__JuneJuly..AugustSeptember.OctoberNovember..December..

Monthly average._.

1932JanuaryFebruary. .-M a r c h . , . . .AprilMayJuneJulyAugustSeptember.OctoberNovember.December-.

Monthly average_

7,386,0008,066,0008,916,0009,904,000

11,009,000

11,668, 00011, 760,00011, 857, 00011,965, 00012,070,00012,159,00012, 274,00012,368,00012,471, 00012, 596, 00012,703,00012,849,000

2, 686,0003,128,0003, 595,0004,198,0004, 815,000

5,089,0005,115, 0005,140,0005,185, 0005, 228,0005, 278, 0005, 324,0005,368,0005,415, 0005,470,0005, 503,0005, 566,000

1, 253,0001, 395, 0001,484,0001,551,0001,601,000

1, 603,0001, 601,0001,592,0001, 590, 0001,589,0001, 588,0001, 589,0001, 589,0001, 592,0001, 594,0001,591,0001,594,000

1,434,0001,734,0002,111,0002,647,0003,215,000

3,486,0003,514,0003,548,0003, 595, 0003,639, 0003, 690,0003,735,0003,779,0003,823,0003,876,0003,912, 0003,972,000

3,321,0003,423,0003, 646,0003,879,0004,144,000

4,410,0004,446,0004,498,0004, 554,0004, 596,0004, 611, 0004,654,0004, 693, 0004,708,0004,741,0004,804,0004,856,000

1, 218,0001,117, 0001,050,000969,000921,000

937,000937,000938,000941,000925,000902,000912,000923, 000927,000935,000945,000954,000

12, 228,000

12,942,00013,032,00013,133,00013, 229,00013,333,00013,428,00013, 553,00013,649,00013, 755,00013,865,00013,974,00014,094,000

5,307,000

5, 605,0005, 628,0005, 662,0005, 696, 0005, 736,0005,778,0005,836,0005,873,0005,912, 0005,959,0005,988, 0006,034,000

1, 593,000

1, 592,0001, 589,0001, 585,0001, 585,0001, 587,0001,587,0001,595,0001, 588,0001, 589,0001, 588,0001,586,0001,579,000

3,714,000

4,013,0004,039,0004,077,0004,111,0004,149,0004,191,0004, 241, 0004, 285,0004, 323,0004,371,0004,402,0004, 455,000

4,631,000

4,901,0004,941,0004,997,0005,027,0005,073,0005,108,0005,160, 0005,376,0005,196, 0005, 224, 0005, 226, 0005, 253,000

931,000

974,000983,000

1, 001,000], 014,0001,030, 0001,046,0001,045,0001,058,0001,066,0001,061, 0001,037,0001,050, 000

13,499,000

14,198,00014,288,00014,402,00014,502,00014,606,00014,695,00014, 796,00014,884,00014,983,00015,079,00015,176,00015,253,000

5,809,000

6,069,0006,087, 0006,104,0006,128,0006,148,0006,158,0006,188, 0006,199,0006, 209,0006, 230,0006, 255,0006, 289,000

1,588,000

1,578,0001, 577,0001, 567,0001,565,0001,565,0001, 562,0001, 561,0001,560,0001,552,0001, 551,0001, 550,0001, 543,000

4, 221,000

4,491,0004, 510,0004,537,0004, 563,0004,583,0004,596,0004,627,0004, 639,0004, 657,0004, 679,0004, 705,0004,746,000

5,107,000

5,299,0005, 332,0005,372,0005,408,0005,459,0005,519,0005,571,0005, 606,0005, 637,0005,708,0005, 726,0005, 736,000

1,030,000

1,055,0001,058,0001,058,0001,062, 0001,061,0001,070,0001,076,0001,083,0001,087,0001,093,0001,100,0001,102,000

14. 739,000

15, 352,00015,433,00015, 533,00015, 622,00015,729,00015,831,00015,938,00016,031,00016,095,00016,187,00016, 249,00016, 324,000

6,172,000

6, 298,0006,309,0006, 316, 0006,318,0006,331,0006,343,0006,340,0006,346,0006,350,0006,367,0006, 375,0006,370,000

1, 561,000

1,544,0001, 544,0001, 537,0001,534,0001, 530,0001, 528, 0001,525,0001, 523,0001, 520,0001, 517,0001,514,0001, 503,000

4, 611,000

4, 754,0004, 765,0004, 779, 0004, 784,0004,801,0004,815,0004,815,0004,823,0004,830,0004, 850,0004,861,0004, 867,000

5,531,000

5,751,0005,801,0005,825,0005, 884,0005,916,0005,979,0006,024,0006,080, 0006,131,0006,148,0006,153,0006,155,000

1,075,000

1,105,0001,107,0001,119,0001,134,0001,163,0001,189,0001, 212,0001, 257,0001, 290,0001,283,0001,284,0001, 288,000

15,860,000

16,417,00016,495,00016, 531,00016, 541,00016, 592,00016, 600,00016,639,00016,675,00016,733,00016,790,00016,830,00016,917,000

6, 339, 000

6,384,0006,380,0006, 370,0006, 353,0006, 332, 0006, 306,0006, 281,0006, 256,0006, 228, 0006,197,0006,168,0006,136,000

1,527,000

1,502,0001,496,0001,488,0001,478,0001,468,0001,458,0001,450,0001,443,0001,434,0001,424,0001,415,0001,402,000

4,812,000

4,882,0004,884,0004,882,0004,875, 0C04,864,0004,848,0004,831,0004,813,0004,794,0004, 773,0004, 753,00C4,734,00C

5,987,000

6,153,0006,166,0006,166,0006,157,0006,161,0006,159,0006,162,0006,179,0006,190,0006,206,0006, 224,0006, 231,000

1,203, 000

1,290,0001, 303,0001,302,0001,302,0001,313,0001, 318,0001,327,0001,344,0001,353,0001,366,0001,378,0001,400,000

16, 647,00C 6,283,00C 1,455,000 4,828,00C 6,180,000 1,333,000

281,000365,000521,000686,000852,000

1,004,0001,017,0001,050,0001,064,0001,097,0001,112, 0001,128,0001,138,0001,151,0001,163,0001,180, 0001, 203, 000

1,750,0001,849,0001,974, 0002,117,0002,229,000

2, 311,0002,330, 0002, 345,0002, 359,0002, 372,0002, 389,0002,397,0002,411,0002,405,0002,410,0002,436,0002,447,000

72,00092,000102,000108, 000141,000

158,000162,000165,000190,000202,000208,000217,000221,000225,000233, 000243,000252,000

1,109,000

1,219,0001,231,0001, 247,0001, 252,0001, 256,0001,261,0001, 267,0001, 274,0001, 281,0001,295,0001,311,0001,319,000

2,384,000

2,452,0002,462, 0002,472,0002,477,0002,497,0002, 506,0002, 516,0002,526,0002, 527, 0002, 534,0002,540,0002, 539,000

206,000

255,000265,000277,000284,000290,000295,000332,000318,000322,000334,000338,000345,000

924,000991,000

1,066,0001,173,0001,303,000

1, 378,0001, 392,0001,407,0001,421,0001,437,0001,454,0001,467,0001,481,1001,491,0001, 505,0001,518, 0001,533,000

1,457,000

1,549,0001,564,0001,582,0001,602,0001,625,0001,647,0001,665,0001,683,0001,701,0001,732,0001,801,0001,836,000

1, 268, 000

1,348,0001,367,0001, 389,0001,398,0001,414,0001,441,0001,450,0001,473,0001,488,0001,520,0001, 526,0001,531,000

2, 504,000

2,549,0002, 554,0002,554,0002,572,0002,594,0002, 600,0002,618,0002,621,0002,622,0002,639,0002,640,0002,637,000

305,000

347,000353,000371,000376,000390,000408,000427,000429,000440,000456,000460,000466,000

1,445,000

1, 544, 0001, 572,0001,578,0001, 605, 0001,611,0001, 644,0001, 662,0001,667,0001, 663,0001, 665,0001,667,0001,667, 000

2,600,000

2,633,0002,648,0002, 651,0002,660,0002,653,0002,653,0002, 657,0002,663,0002, 669,0002,686,0002,688,0002,686,000

410,000

469,000474,000477,000485,000489,000493,000493,000493,000509,000514,000514,000514,000

1,666,000

1, 868,0001,891,0001,916,0001,936,0001,958,0001,986,0002,011,0002,034,0002,055,0002,091,0002,120,0002,163,000

2,002,000

2,205,0002, 234,0002, 265,0002, 292,0002,324,0002, 356, 0002, 380,0002,402,0002,438,0002,500,0002, 536,0002,586,000

1,629, 000

1, 665,0001,672,0001, 678,0001,674,0001,673,0001,670,0001,670,0001,669,0001,669,0001,671,0001,674,0001,670,000

2,662,000

2,683,0002, 679,0002,675,0002, 671,0002,665,0002,660,0002,657,0002,655,0002,653,0002,649,0002,649,0002,639,000

494,000

515,000512,000511,000510,000510,000511,000508,000511,000515,000520,000523,000522,000

2, 377,000

2,647,0002, 696,0002,734,0002,777,0002,818,0002,862,0002,878,0002,910,0002,925,0002,936,0002,941,0002, 948,000

1,671,000 2,661,000 514,000 2,839,000

i Compiled by the Association of Life Insurance Presidents, and represents a revision of the data previously shown, which covered 44 companies. These series are basedon reports of 39 companies holding: approximately 82 percent of the admitted assets of all United States legal reserve companies. The data are given as of the end of eachmonth and arc designed to show the fluctuations in the character of investments of life-insurance companies. Admitted assets embrace all assets permitted by statute to beincluded for testing the solvency of the companies. In addition to the items separately listed, the total also includes real estate, collateral loans, bills receivable, interest dueand accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately Q8H percent are bonds and 1 ^ percent are stocks. For 1933 data see paee 31of this issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 21: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS

LIFE INSURANCE—NEW BUSINESS WRITTEN l

19

[Number]

Year

Policies and certificates

Ordi-nary

policies

Indus-trial

policies

Groupcertifi-cates

Totalpolicies

and cer-tificates

Year

Policies and certificates

Ordi-nary

policies

Indus-trial

policies

Groupcertifi-cates

Totalpolicies

and cer-tificates

1913 monthly average1914 monthly average1915 monthly average1916 monthly average

78, 93578, 22583, 36295, 730

379,819410,189428, 559414,605

2,5004,0906,54211, 739

461, 254492, 504518, 464522,074

1917 monthly average1918 monthly average1919 monthly average.1920 monthly average.

109,897111, 198179,457204, 301

414, 443433, 226465, 248

25, 76026, 26639, 72038, 491

550,100570, 690684, 425742, 730

Month 1921 1933 1933 1924 1925 1926 1927 1928 1929 1930 1931 1932

ORDINARY POLICIES

JanuaryFebruaryMarchAprilMay_._June

JulyAugustSeptemberOctober.NovemberDecember

Monthly average

159, 820162, 310192, 736179, 889180, 668176, 653

148, 845150, 322148,177146, 431149, 864155, 020

162, 561

147, 212148, 716179, 958161,797183, 964182, 240

160,371160,457144,494163, 244170, 304190,427

166, 099

171, 255169,831216, 651201,144212, 637210, 263

194, 296185, 918166,925194, 706197, 809218, 585

195, 002

186, 640185,953224, 005214,105215, 686203, 652

189, 657166,359159, 837183, 913206, 285215,445

195, 961

176, 688184, 292220, 291216, 205231, 390219, 398

215, 276202,808188, 252217, 698219, 335266, 973

213,217

184, 569192,176244, 202230, 562227, 661239, 864

214, 978200, 531186,131213, 474224, 377268, 501

218, 919

188, 224205,490248, 726240, 532235, 397237,969

210,490213, 592187, 833207, 904204, 597252, 274

219,419

185, 572213,802259, 700229,894279, 467292,169

248, 925244,374213,522262, 583256, 774288, 341

247, 927

220, 525238, 362291, 770283, 431292, 778276,812

272,122272,846244,474288,192280, 363309, 681

272, 613

254,159267,108329,969309, 608293, 770266, 014

269, 380244, 573228, 375260, 541252, 827317, 990

274, 526

231,147246, 677320, 656299, 746287,927284, 507

260,450232, 576222, 760255,167258,039350, 653

270,859

247, 757251, 647271, 011248,104232,883245,100

227,858235,813229,184248,499258,173298, 722

249, 563

INDUSTRIAL POLICIES

JanuaryFebruaryMarchAprilMayJune

JulyAugustSeptemberOctoberNovemberDecember...

Monthly average.

486,717484, 327621,170507, 310651,707550,406

431, 365445, 752507,480671,860580,841661,850

550, 065

537,827568, 921683, 552571,841624,125578, 786

541,850511, 547479, 847622,861610, 594653,473

582,102

547,155550,971669,471950,443796, 538693,473

608,854566, 992556,415668, 393656,873681,525

662, 259

766, 821649,135693, 674705, 346760,648674, 481

595, 545609, 703614,848830,831641,128903, 065

703, 769

618, 425732,120809, 517803, 384882,325788,352

734,531717,402691,227

1,199,183851,209824,881

804,380

817, 246653, 943844, 659787,138859, 630743,137

716, 607719, 203714, 041822,459870,324838,577

782, 247

679, 290767,121890, 560851,905902,343816, 966

732, 665781, 361745, 664992,140940,847783, 539

823,700

901, 786846, 745

1, 049, 955980, 796839,453840, 312

753, 773740, 371770, 416946, 284782,026951, 002

1,051, 983891, 644

1,045, 058964,177

880, 770

809,110795, 451805, 623879, 483941,358868, 763

866, 910 901,824I

802, 585783, 235973, 678893, 017847,842

1,162, 942

896, 318804, 504721,848846,805740, 919793, 704

855, 616

749,849731, 421881, 059865,139845, 264925,851

993,819994, 528722,866761, 207951,428

1,156, 286

881, 560

803, 546815, 947931, 355859, 751833, 423829,656

845, 294773,803680, 597781, 262746, 709647,876

795, 768

GROUP CERTIFICATES

JanuaryFebruaryMarchAprilMayJune _ _

JulyAugustSeptemberOctoberNovemberDecember

Monthly average.

8,4467,55011,8807,908

10, 010

5,6695,5206,4218,0046,50339,076

10,299

12, 60813,37417,02822,12811, 69016, 515

10,19515, 34617,12313,94217,70488,491

21, 345

17, 57514,94523, 71733,09539, 98231,830

30, 90223,10216,91112,46218,427155, 214

34,847

16,39510, 63921,48424, 73219, 99113, 202

17,87314,81413,89670.76925.770109,429

29,916

47,46222,76426,99137.24423,17432,202

27,76268,88720,03338,10926,476175,287

45,533

40, 79452, 25044, 25760, 91939,81543,710

53,05740,88247, 74344, 21370,363

214, 277

62, 690

51,96732,45264,80330,99130,80541,042

29,10030,48813,49623, 79727,928124,123

41,749

26, 40853,80035, 78836, 70548, 83951,895

38, 90524, 60552,94318,91142, 358128,124

46, 607

57,92126,85935,98647, 02845,45566, 353

72,92340, 62221, 79949, 06239, 571120, 316

51, 991

43,08134, 73245, 91361, 99645,83252, 009

74,17138,85145, 71335,29028, 06359,255

47,076

44, 44960, 23228,09359,23035,145

22,32826, 21721, 64617,94218, 94244,456

35, 299

48, 57820, 54821,02835,65323,01326,183

17,84416,69141,46329,10523, 34243, 063

28,876

TOTAL POLICIES AND CERTIFICATES

JanuaryFebruaryMarchAprilMayJune

JulyAugust..SeptemberOctoberNovemberDecember

Monthly average.

i See footnote on p. 20.

654,983654,187825,786695,107842, 385733, 661

585,879601, 594662,078826, 295737,208855,946

722,926

697,647731,011880, 538755,766819, 779777,541

712,416687,350641,464800,047798, 602932,391

769,546

735, 985735, 747909,839

1,184,6821, 049,157935, 566

834,052776, 012740,251875,561873,109

1,055,324

892,107

969,856845, 727939,163944,183996,325891,335

803, 075790,876788,581

1,085, 513873,183

1,227,939

929,646

842,575939,176

1,056,7991,056,8331,136,8891,039,952

977,569989,097899,512

1,454,9901, 097,0201,267,141

1,042, 609

1,133,1181,078,6191,127,1061,026,711

984,642960, 616947,915

1,080,1461,165, 0641,321, 355

1,063,129 1,063,856

919,4811,005,0631, 204,0891,123,4281,168,5451,095,977

972,2551,025,441946,993

1, 223,8411,173,3721,159,936

1,113, 7661,114,3471,345, 4431, 247, 3951,167, 7591,184,376

1, 041,6031,009, 3501,036,8811,227,7781,081,1581,367,467

1,084,868 1,161,444

1,330,4291,156, 8651,372,8141,294,6361,226,6951,223,935

1,154,1551,108,9191,071,8961,216,7371,261, 2921,298,760

1,226,428

1, 099,8251,085, 0751,349,5601,264,6211,187,4441,480,965

1,1, 087,928995,936

1,142,6361,021,8091,170,949

1,177,218

1, 025,4451,038, 3301, 229,8081, 224,1151,168,3361, 255, 267

1,276,5971, 253,321967,272

1,034,3161,228,4091, 551,395

1,187,718

1,099,8811,088,1421,223, 3941,143,5081,089,3191,100,939

1,090,9961,026,307951,244

1,058,8661,028,224989,661

1, 074,207

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 22: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

20 SURVEY OF CURRENT BUSINESS

LIFE INSURANCE—NEW BUSINESS WRITTEN—Continued >[Thousands of dollars]

July 1933

Year

Amount

Ordi-nary

Indus-trial Group Total

Year

Amount

Ordi-nary

Indus-trial Group Total

1913 monthly average.1914 monthly average.1915 monthly average.1916 monthly average.

140,441136,813145, 600180,183

51,90955,21758,12858,645

1,7363,7903,9276,560

194,085195,819207, 654245,388

1917 monthly average..1918 monthly average..1919 monthly average..1920 monthly average..

208,881218,094380,476461,433

61,484

77, 90193,044

14,86120, 55535,46535,478

285,227304, 747493, 841589, 954

Month 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932

ORDINARY

January...FebruaryMarchAprilMayJune

JulyAugustSeptemberOctoberNovemberDecember

Monthly average.

364,674368,194433,993420,875426,436411, 581

356,829348, 758322, 597337,460344,323419, 798

379, 627

350,722379,842446,674416, 111460,304456,061

408,324405,881349, 297400,401418,334520,493

417,704

435, 663438, 796554.360512,029549, 771547,942

499,753479.361414, 330486,450506,651578,854

500, 330

507,650494,847603,897570, 639574,792559, 543

532,999460,334428,308498,163499, 307632, 867

530, 279

522, 853547, 498659, 712642,163684,069640, 339

642,823595, 523529,667606,277588,823712, 343

614, 341

559, 259595,862733,124681,033685, 659709,839

644,647599,194526,330606,628634,261802,867

648,225

577,986625, 479748,129736,255703,073699, 786

624,665629,185529,772605,699583,454716, 817

648, 358

579,189654, 586778,964709,067756,037752, 582

657,932625,073533,073658, 576

806, 754

681, 485

659,124682, 849829, 238792,393800,050748,344

719,957696,921607, 660705, 266701,985835,962

731, 646

712,446730,074

838,904774,914723,561

712, 405620,698544, 319618,107591,605749, 505

708, 369

594, 741598, 755718, 751689,011671, 243671,039

605,628545,549482, 704562,480586,432756,871

623,600

614,040575,497592,333520, 586487, 284504,329

447, 739443,460404,763433,118450,098519, 246

499,374

INDUSTRIAL

January.,_ __February. _.March _.April..MayJune

July....AugustSeptemberOctober.NovemberDecember.—

Monthly average.

93,35791,866118,47895, 759125,232104,909

81,87284, 58396,805129,165109,087126,646

104,813

103,725110,954132,833123,208125,084115.959

110,423102, 90197,257132, 790125.960137,707

118, 233

112,678114, 758137, 853208,105162,326147,444

132, 798127,090124,905152,061146,882153,154

143,338

179, 656143,762156, 792158, 557173,629154,495

135,015141, 525145,052198, 461150, 718225,892

163, 630

147, 441177, 666193,604196,895217,735198.113

182, 991181,048175.114256, 704207,980223,883

196, 598

227,158174,782230,203215,504235,207202,315

194,315199,076197, 277226, 523235,691228,008

213, 838

185, 292207, 217241, 701227, 280241, 661221, 780

200,835211,158200, 622265,974252, 737211,076

222, 278

236, 303221,949273, 551259,961216, 396214,882

194,642193, 365198,949233, 530202,948246,045

224,377

265,998230, 779274,824256,279240, 501242,166

223,680219,144221,006240,489249,247234,046

241, 513

218,027212,813264,415241,129230,083311,925

247,506233,745210,423243, 778208, 482228,803

237,594

214,320208,888246,663234,941236,294250,658

253, 228246, 908199, 217213,931230,344261, 772

233,097

217, 552220, 568251,059

222,956213,298

206,641196, 340174,156198,053184, 882154,864

206,439

GROUP

January.FebruaryMarchApriL_._MayJune

JulyAugustSeptemberOctoberNovember _.December...

Monthly average. 9,257

6, 8516,16710, 1117,0309,1896,119

4,6325,4855,0766,5695,79038,064

14, 51411, 90817,80823,32310,42218,860

11,90218, 49018,06715,67417,40898,052

23,036

18,20016,12224, 98835,05045,72654,924

21,56621,96921,3899,81718,797231,497

43,337

19,08215,41135,03444,21734,98621,490

31, 33822,93119,354131,10138,623184,198

49,814

68,95736, 69640,79766,41539,04147, 565

54,947126,88537,78854,433111,066314,194

83, 232

56,280

72,36880,66356,45869,282

78,12555,63273,45662,353100,448262,452

87,550

94,44546,119103,05746,96045,68367,817

54,22943,97731,47548,62576,960165,025

46,84191, 50557,98662,007205,195113,711

74,19656,926277,94472,11953,569224,159

111,347

98, 63758,60764,81372,238109,827106,589

147,65899,77475,151105,39386,165160,514

98,781

64,31459,93173, 234113,51491,263106,782

130,03673,187138,49251,55259,295130, 519

91,010

78,363103, 58761,91899,06971,84581,647

46,18645,94437,30040,50428,595101,205

66,347

111, 91935,12245,57464,88349,11350,606

36,98428,97961,01838,86836,26267,810

52, 262

TOTAL

JanuaryFebruaryMarchAprilMayJune

JulyAugustSeptember. _October. _.NovemberDecember..

Monthly average.

464, 882466,227562, 582523, 664560, 857522, 609

443, 333438,826424,478473,194459, 200584, 508

493,697

468,961502, 704597, 315562, 642595,810590,880

530,649527,272464, 621548,865561, 702756, 252

558,973

566, 541569,676717, 201755,184757,823750, 310

654,117628,420560, 624648,328672, 330963, 505

687,005

706, 388654,020795, 723773,413783,407735, 528

699, 352624, 790592,714827, 725688,648

1, 042,957

743, 722

739, 251761,860894,113905, 473940,845886,017

880, 761903, 456742, 569917, 414907,869

1, 250,420

894,171

842, 697853,732

1,035,695977, 200977,324981,436

917,087853, 902797,063895, 504970, 400

1,293,327

949,614

857,723878,815

1,092,8871,010,495990,417989,383

879, 729884,320761,869920,298913,151

1,092,918

939, 334

862,333968,040

1,110, 5011,031,0351,177,6281,081,175

926,770875,364

1,009,966964,225922,505

1,276,958

1,017,208

1,023, 759972,235

1,168,8751,120,9101,150, 3781,097,099

1,091,2951,015,839903,817

1,051,1481,037,3971,230, 522

1,071,940

994,7871,002,8181,221,5441,193, 5471,096, 2601,142, 268

1,089,947927,630893,234913,437859,382

1,108,827

1,036,973

887,424911,230

1,027,3321,023,021979,382

1,003,344

905,042838,401719,221816,915845, 371

1,119, 848

923,044

943,511831,187

822,367759,353768,233

691,364668,779639,937670,039671, 242741,920

758,075

i Compiled by the Association of Life Insurance Presidents, and represents a revision of the figures previously shown due to the elimination of one company. The data oninsurance written represent only new business that has been paid for, and is exclusive of revivals, increases, and dividend additions. The 43 companies whose figures are in-cluded in these tables had in force 81 percent of the total life insurance in force in all United States legal reserve companies at the close of 1931. These tables supersede datapreviously shown in the Survey of Current Business on this subject. See p. 31 of this issue for 1933 figures. Revised data on premium collections appeared on p. 18 of theJune 1933 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 23: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 21

WEEKLY BUSINESS INDICATORS(Weekly average 1923-25=100]

1933

June June June June June June J'24 17 10 25 18 11

1933 1931

une June June29 20

1930

June28 21

1933

June June June June June J18 1124 17 10

1933

25ne June June

27 20

1931 1930

June June28 21

Business activity:New York Times * #Business week * K

Commodity prices, whole-sale:

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, electrolyticCotton, middling, spotIron and steel, composi te-

Construction contracts tDistribution: Car loadings._Employment: Detroit fac-

toryFinance:

Failures, commercialSecurity prices:

Bond prices tStock prices %

65.153.261.4

64.046.667.356.534.969.623.0

91.464.1

64.552.861.0

63.546.266.'56.534.269.528.561.3

56.3

87.162.2

64.052.561.0

62.745.566.156.534.269.5

'58.1

65.054.2

64.046.459.5

59.542.962.937.719.571.326.552.0

72.2

65.955.8

63.745.458.5

59.342.562.937.719.571.326.5

65.756.4

45.858.6

59.642.663.437.018.871.427.752.3

70.

85.175.5

85.0 96.076.8 100.3

96.894.7

70.362.172.857.238.275.079.679.2

70.061.472.856.532.475.0

77.1

85.788.084.284.150.081.0

172.897.7

86.288.884.685.551.881.0

91.6

94.888.1

97.3

94.286.1

73.2

18. 5 151.6 150.6 140.3 103. 7 114.

99.0

7 120.4 119. 7

Finance—ContinuedBanking:

Debits, outside N.Y.C.J.Federal Reserve report-

ing member banks:§Deposits:

Net demandTime

Loans, total _Interest rates:

Call loans %.Time loans %

Money in circulation %--Production:

AutomobilesBituminous coal $Electric power tLumber X - -Petroleum }Steel ingots 1

Receipts, primary markets:Cattle and calves. _ __

67.9 58.5 64.9 61.4 64.8 84.5 99.0 125.2 132.5

106.2109.9107.7 90.5 92.1119.6 116.8 116.1122.8 123.5 124. 0 158.1158. 6 160.78.3 78.9 78.4 90.478.9

24.2

78.4

24.2

92.1

60.6

91.0110.0109.7112.3112.91.4 159.4

137.091. 2 116. 3 116. 7 136. 5

60.624.2 24.2 24.2 60.622.9 22.9 22.9 34.3 34.3 34.3

117.6 118. 2 119.1114.4 113.0 112. 7

76.9 72.755.494.776.0

53.292.974.9

94. 4 79.187. 4| 40. 5

79.042.9

79.1 106. 5 106.1106.1143.0 130. 0 192. 2 197.

106.4r.7

Cotton..Wheat.

95.980.2

120.6 125.4 130.165.8

63.989.461.987.8

71.540.786.5

69.739.686.651.8

68.938.986.454.6

36.434.398.1

79.666.198.1

36.434.398.3

54.574.392.0

60.681.892.3

82. 2 111. 0 114.164.9 78.3 78.396. 6 102. 3 101.9

63.2

69.079.761.576.5

60.5

70.985.865.473.9

103.5 105.5 104.8 117. 2 119.2125.3 124.819.7

60.146.220.843.8

21.1

58.561.214.230.7

23.7

57.961.911.538.5

44.7

76.669.322.365.5

46.1

76.3

21.358.4

84.2

52.280.311.562.1

86.8

67.7

17.357.3

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

f Weekly average, 1928-30=100. X Average same week, 1930-32=100.§ 1933 indexes are based on reports from 90 cities; earlier data cover 101 cities.

WEEKLY BUSINESS STATISTICS

COMMODITY PRICES, WHOLESALE

Copper, electrolytic, New York— ..dolls, per lb._Cotton, middling, spot, New York dolls, per lb_ .Food index (Bradstreet's) . .dolls, p e r l b . .Iron and steel composite dolls, per t o n . .Wheat, no. 2, hard winter (K.C.) dolls, per bu_.

FINANCEBanking:

Debits, New York City . .mills, of dolls . .Debits, outside New York City mills, of dolls. .Federal Reserve banks:

Reserve bank credit, to ta l . . mills, of dolls._Bills bought mills, of dolls. .Bills discounted mills, of dolls._U.S. Government securities mills, of dolls. .

Federal Reserve reporting member banks :§Deposits, net demand mills, of dolls. .Deposits, time mills, of dolls. .Investments, total mills, of dolls. .

U.S. Government securities mills, of dolls. .Loans, total mills, of dolls._

On securities mills, of dolls. .All other mills, of dolls. .

Interest rates, call loans percent . .Interest rates, time loans percent . .

Exchange rates, sterling (daily av.) dollars..Failures, commercial— number . .Money in circulation (daily av.) mills, of dolls. .Security markets:

Bond sales, N.Y.S.E thous. of dolls, par va lue . .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 Statistics) 1926=100..

Industrials (351) 1926=100..Public utilities (37) 1926=100.Railroad (33) 1926=100.

PRODUCTION, CONSTRUCTION, AND DISTRIBUTION

Production:Automobiles (Cram's estimate)__ number__Bituminous coal (daily av.) thous. of short t ons . .Electric power mills, of kw-hrs . .Petroleum thous. of bb l s . .Steel ingots percent of capacity. _

Construction contract awards (da. av.)_thous. of dolls. .Distribution:

Exports:Corn thous. of bu__Wheat thous. of bu._Wheat flour thous. of bb l s . .

Freight-car loadings, total cars.Coal and coke cars.Forest p roduc t s . . . cars.Grain and products cars.Livestock cars.Merchandise, 1.c.l cars.Ore cars.Miscellaneous cars.

Receipts:Cattle and calves thousands. .Hogs thousands. .Cotton, into sight thous. of bales. .Wheat, at primary markets thous. of bu_.Wool, at Boston, total thous. of lbs .

1933

June 24 June 17 June^lO

0.078.0951.89

28.8375

4,3533,147

2,1949

2221,955

10, 8234,3388,3055,3078,5003,7694,7311.001.004.19373

5,711

75,50084.89

24, 30685.53

75.477.897.744.0

1,5982,513

503,689

202580161

6,98710, 456

0.078.0931.87

28.75.72

3,4272,710

2,21210

2541,932

11,2074,2637,9624,9908,559

4,761| 1.00

1.004.10396

5,742

72, 20084.39

29,83783.66

74.375.999.443.0

55,496943

1,5782,612

484,580

1254

52587,931

98, 50225, 52038,14715,450

168,53012, 266

229, 516

218517160

24,812

0.078.0931.87

28.75.71

3,7922,938

2,21411

2771,912

10,9834,2757,9745,0138,5113,7424,7691.001.004.07.401

5,784

83, 90084.54

32, 32084.8572.875.293.542.8

53, 283906

1,5422,709

46

404

76564, 54692,38424,35235,91715,801

167,9969,973

218,123

224557170

5,8766,116

1933

June 25 June 18

0.052.0531.62

29.52.43

3,1413,007

2,28854

4881,730

10,1734,5086,9194,0309,7754,2125,5632.501.503.61617

5,556

56,49670.813,04239.3134.534.055.014.9

54, 577693

1,4412,156

15

24558361

498,79971,16316,71927,57714, 587174,5224,548

189,683

19030054

3,4882,134

0.052.0531.6129.52.46

3,417

2,847

2,27066496

1,692

10,3584,5376,9564,0569,9914,2655,7262.501.503.65613

5,485

53,19470.784,45641.6836.736.059.615.9

53,158675

1,4422,198

164,252

1,35836

518,39871, 54617,14025, 79515, 400175,8194,290

18539737

2,44314, 356

1931

June 27 June 20

0.079.1042.16

30.99.60

4,8343,916

960106198619

1.501.504.86422

4,763

70, 23295. 35

21, 620138.86103.594.5

164.980.5

60, 7701,1251,6352,442

3412, 779

251,739

225759,363124,13430, 53641,86918, 776

216, 06030,152

297,836

24245058

5,21310, 527

0.078.0882.14

31.03.74

6,3754,588

907107185599

1.501.504.86467

4,773

53,86295.037,110

126. 26103.294.5

163.780.1

62, 7521,1061,6102,482

122,028

135739, 094114, 78230, 55532, 77119, 549

217,13630, 640

293, 661

24144758

4,6448,736

1930

June 28

0.116.1362.73

33.44.84

5,810

102232577

2.253.254.86490

4,468

54,37295.01

15,038186.67145.8136.2211.4122.1

84, 6621,3331,7042,611

6427, 746

491,828

231936, 690146,91247,947

20, 543239, 544

61, 034371,864

16552130

4,94020, 752

June 21

0.118.1412.74

33.52.90

10,0276,145

961133207598

2.503.584.86487

4,482

63,90795.26

26,487192.02139.8130.6202.8117.2

87, 0631,3331,6982,599

741,619165

920, 645141,83149,63739,69721, 325240, 75663,193

364, 206

21452345

4,55813, 599

1939

June 29 June 22

0.178.1853.32

36.841.09

9,7525,708

1,29483

1,017150

8.759.504.85425

4,683

76,63093.35

19,848260.47

195.9149.5246.1149.7

125, 7361,6081,7232,815

9422,186

1541,031285

1,096, 569174, 33269,49851,96322,973260, 70576, 657440, 441

22953048

7,50912,498

0.178.1853.3536.961.02

5,8296,496

1,25287959139

7.008.134.85427

55, 29393.5517,045253.71191.7191.5237.4144.6

127, 6951,5411,7032,765

95

103594182

1,069,874165,74670,90345,32723, 353259, 37675,432429, 737

23449872

6,3069,331

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

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 24: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

22 SURVEY OF CURRENT BUSINESS July 1933

Monthly Business StatisticsThe following summary shows the trend of industrial, commercial, and financial statistics for the past 13

months. Statistics through December 1931 for all series except those marked with an asterisk (*) will befound in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of thesources and basis of the figures quoted. Series so marked represent additions since the Annual was issued andsimilar information, if published, will be found in the places noted at the bottom of each page. Later data willbe found in the Weekly Supplement to the Survey.

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

BUSINESS INDEXES

BUSINESS ACTIVITY (Annalist)

Combined index — _ normal=100Automobile production normal=100..Bituminous coal production.— normal = 100—Boot and shoe production _ normal=100Carloadings, freight normal = 100Cotton consumption normal = 100Electric power production normal=100—Pig-iron production normal = 100..Steel ingot production normal = 100._"Wool consumption normal=100—Zinc production . normal = 100

INDUSTRIAL PRODUCTION (F.R.B.)

Total, unadjusted _ 1923-25=100 .Manufactures unadjusted 1923-25=100..

Automobiles - .— 1923-25=100Cement 1923-35=100Food products . _ _ 1923-25=100Glass, plate 1923-25=100Iron and steel 1923-25=100Leather and shoes 1923-25=100..Lumber _ . 1923-25=100Paper and printing 1923-25=100—Petroleum refining 1923-25=100Rubber 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=100Lead . — 1923-25=100Petroleum, crude 1923-25=100Silver 1923-25 = 100Zinc . . . 1923-25 = 100

Total, adjusted 1923-25=100Manufactures, adjusted.- . . . 1923-25=100 _

Automobiles— _._ 1923-25=100Cement 1923-25=100—Food products 1923-25=100..Glass, plate — 1923-25=100Iron and steel 1923-25 = 100Leather 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=100..Textiles 1923-25=100Tobacco manufactures 1923-25 = 100. .

Minerals, adjusted 1923-25=100. _Anthracite 1923-25=100Bituminous coal . - 1923-25=100Iron ore shipments. 1923-25 = 100..Lead 1923-25=100Petroleum, crude — 1923-25=100Silver 1923-25=100Zinc 1923-25 = 100

INDUSTRIAL CONSUMPTION OFELECTRICAL ENERGY

Consumption by geographic sections:Total, United States . . 1923-25=100—

Middle Atlantic 1923-25=100..New England .1923-25=100. _North Central 1923-25=100 .Southern 1923-25=100-Western 1923-25=100

Consumption by industries:Total, all industries 1923-25=100

Automobiles, including parts and acces-sories 1923-25=100..

Chemicals and allied products1923-25=100-

Food products,._ 1923-25=100.Leather and products 1923-25=100 .Lumber and products 1923-25=100..

64.648.357.5

54.7100 765.825.739.8

42." i"

79806450

1009653

10032

106"14577435021

137

4676765142

101

4910930

10614379435714

136

46

91.396.085.288.2

91.3

58.9

126.6123.293.587.2

52.943.047.785.951.255.767.922.523.139.535.9

61605755873831782992

146919460

1116549433

48110353960584546893529842890

146727559

110674949

249

1093639

82.078.571.082.790.394.3

82.0

69.3

129.9116.374.777.8

52.947.344.586.150.157.568.419.720.245.334.7

59595465836225792785

14612910059

1286137406

50107443659584752836125822685

1461078063

1186342453

491054538

78.168.567.380.283.791.6

78.1

65.9

123.8118.465.770.0

52.031.645.183.448.857.467.318.019.365.131.2

56553461803623762580

141877964

1236245421529

106343158573350813625772586

141895469

1146455468

311044034

79.270.066.275.485.388.7

79.2

58.0

124.9122.073.769.2

55.524.649.991.148.975.367.516.718.387.128.2

59582662782123942581

135683386

1156648491732

106402960592348832123842384

135682290

1086548508

331044131

73.568.467.766.887.989.4

73 5

33.7

116.6123.282.269.8

60.425.457.0

101.452.489.068.319.722.495.528.1

67662667934327

1072389

1336184

1041237362611539

108342966662454954328932388

1336484

1041117061588

411043631

84.083.880.574.8

108.596.0

84.0

36.5

126.8129.593.780.6

60.017.564.5

100.456.083.466.220.923.984.830.8

68661563895030

1042594

13760

1581021128079742239

104363267651655895031942491

13768

21699

1047461671338

1033633

85.186.890.275.4

103.896.8

85.1

37.7

129.0118.393.788.5

59.728.264.394.555.381.467.021.423.981.432.6

65631853875729852089

13855

11995

106786774

647

105393565633153835931892187

13873

13692

1047565667

451063735

87.791.384.078.5

104.4101.3

87.7

47.3

130.1121.395.496.2

59.252.865.183.556.575.865.718.320.881.036.1

60583234865424732081

13246608691727470

3993303966646043847227852386

132677891

112767566

39963038

79.483.375.272.194.193.8

79.4

56.2

124.3103.279.883.5

57.247.754.787.954.374.663.118.3

«22.172.636.6

64634023947828792384

132546492

107715763

46102364265644838898829852686

132599187

113735357

451073640

81.985.775.576.390.1

100.0

81.9

59.2

126.0107.583.690.4

°56.531.761.095.353.172.1

«63.518.5

« 23.170.640.0

65633524896832922088

13258

12988

104766867

41108334764623341896331902085

13254

18183

115796463

401103044

85.891.879.880.599.3

102.0

85.8

61.2

130.0112.595.091.0

a 52 . 927.252.8

°88.949.372 9

°62.215.5

M6.251.440.0

61593429905924872386

13545

1127894746351

4612048476057274091

21852285

13541

1447699817751

451224444

75.380.870.267.885.995 8

75 3

42.6

115.6101.581.484.7

a 57 3«41.0

55.7°98 0

53.075 3

« 62. 918.1

«27.667.542.0

686857349961

o 39912688

140763188

107"65

4546

« 108364767664435

105

35a 94

2485

140653285

116«72

4455

45«10S

3645

«84.486.3

°73.8«79.8

98.5102 0

a 84 4

«54.8

« 121.0« 119.7"82.5"89.5

• Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 25: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 23

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

BUSINESS INDEXES—Continued

INDUSTRIAL CONSUMPTION OFELECTRICAL ENERGY-Continued

Consumption by industries—ContinuedMetals, group 1923-25=100..

Electrical apparatus 1923-25= 100..Metal-working plants.— 1923-25=100..Rolling mills and steel plants

1923-25=100..Paper and pulp 1923-25=100..Rubber and products 1923-25=100-.Shipbuilding 1923-25=100..Stone, clay, and glass 1923-25=100..Textiles 1923-25 = 100..

MARKETINGS

Agricultural products* 1923-25=100..Animal products 1923-25=100..

Dairy products 1923-25=100..Livestock.... 1923-25=100..Poultry and eggs 1923-25=100..Wool. . . ___ 1923-25=100..

Crops 1923-25=100..Cotton _. _. .1923-25=100..Fruits _ ...1923-25=100..Grains 1923-25=100..Vegetables . . . 1923-25=100..

Forest products 1923-25=100..Distilled wood.. ....1923-25=100..Lumber 1923-25=100-Naval stores 1923-25=100-Pulpwood 1923-25 = 100-

ORDERSOrders, new 1923-25=100..

Iron and steel -...1923-25=100..Lumber and products 1923-25=100..Paper 1923-25=100..Stone, clay, and glass 1923-25=100..Textiles - -_._ 1923-25=100..Transportation equipment 1923-25=100..

Orders, unfilled. 1923-25=100-Iron and steel —.1923-25=100-Furniture and flooring __ 1923-25=100-Paper 1923-25=100..Brick and glass 1923-25=100..Textiles 1923-25=100..Transportation equipment 1923-25=100..

STOCKSDomestic stocks 1923-25=100..

Manufactured goods 1923-25=100..Chemicals and allied prod.._ 1923-25=100..Food products.. 1923-25= 100..Forest products 1923-25=100..Iron and steel products 1923-25=100..Leather 1923-25 = 100..Metals, nonferrous 1923-25 = 100..Paper, newsprint 1923-25 = 100..Rubber products 1923-25=100..Stone, clay, and glass 1923-25=100..Textiles 1923-25=100..

Raw materials 1923-25=100..Chemicals and allied prod.-.1923-25=100..Foodstuffs 1923-25 = 100..Metals 1923-25=100..Textile materials 1923-25= 100.

World stocks—foodstuffs and raw materials:Total 1923-25 = 100..

Coffee—adj. for seasonal 1923-25=100..Cotton—adi. for seasonal 1923-25=100..Rubber—adj. for seasonal 1923-25 = 100..Silk—adj. for seasonal 1923-25=100.Sugar—adj. for seasonal 1923-25=100.Tea—adj. for seasonal— 1923-25=100.Tin—unadjusted 1923-25=100.Wheat—adj. for seasonal 1923-25=100.

63.8

61.9

67.3112.0116.771.391.896.4

921031317915313180591119086

122

134961137810183822019070158721629017184213

255

201

58.192.855.8

61.8102.795.586.897.962.8

7495

14875

121775230

1094486583753

10293

1441081319196

10184

20113510618282

17093

178131222

285498250337229330121243250

54.183.153.0

55.895.8

120.785.187.155.2

6588

1436799

21241196133

110531952

10463

1371041189894

10383

20213658

18079

16191

168123207

285487251325249341119235240

50.779.250.2

51.294.595.682.577.554.0

66801176176384511071817055135311464

13210412098989183205128721747515388162128193

274* 462264311214327128236204

44.067.645.0

44.794.776.477.971.865.7

79851067378

3227144851024655145410761

3727237636111032372137234534

13410211692988783201138751557415790175125189

268M32268323206314130226189

50.681.451.8

51.3107.487.784.090.386.7

1028188777221312417310198755217498970

45342783341351033382355224923

143100121849891832051276914674173112180122217

262*428244325204311136229198

54.880.953.0

54.8111.386.572.384.394.8

1238382847512816426814287875627537884

4033218135131032382250225021

15598122739987831921257614177196122195116263

256429221330186310141226207

50.685.656.1

57.5113.693.084.081.993.0

108848474117841312437754705140477792

332414713711502837193525416

157981216710385851911178214982199122185106287

260434239328188306153228204

53.376.052.7

54.098.877.284.056.286.5

8281876811938841356345614745427090

15396121661088183193838116276193117177109282

262426229330193314155220217

54.774.052.8

58.4104.485.283.558.585.0

758110175

1499712269107818519690781647418611216995277

263402229326206312145212236

60.683.358.4

64.2111.091.089.267.284.1

61698963766352526537765137482388

• 3 235156934

•891

• 2835183624

a 447

14397

12069

1058282

2008980

16777

17610416486

259

259394212

<* 328220331147207220

50.575.050.5

50.5•95.2

68.0•71.5•68.8«79.0

6676

10263

1043055496540

10554

• 3 5503396

3634

• 1 77540

1060

273519352441

5

13796

12367

103• 8 3

812068880

16773

16699

16382

231

261375231

•330217326158209208

•58.089.455.3

«62.3»102.3a 82.073.0

« 74. 586.0

728697681374958427460835625536985

36411971369002736203423394

»13395119«68101•818320781

°76» 161

74* 161a 93160°78226

236*331225348167204208

COMMODITY PRICES

COST OF LIVING (N.I.C.B.)

Total, all groups. 1923=100..Clothing 1923=100-.Food .1923=100-.Fuel and light 1923=100..Housing 1923=100 _Sundries- _ 1923=100..

FARM PRICES (Dept. of Agri.)

Total, all groups 1909-14=100..Cotton and cottonseed 1909-14=100..Dairy products * 1909-14=100..Frui ts and vegetables 1909-14=100..Grains 1909-14=100 .Meat animals 1909-14=100..Poul t ry products * _ 1909-14=100. _Unclassified 1909-14=100—

72.160.764.182.863.589.4

6265636862656247

77.966.969.385.773.593.3

5642698049596043

77.265.768.585.672.493.1

5237628244575940

77.064.869.185.371.792.8

5741638342726538

76.864.369.085.571.292.8

5951657943697540

76.664.268.786.070.592.6

5957676841678442

76.164.468.786.369.691.4

565168593660

10244

75.664.068.086.568.791.5

544768573457

11543

75.163.567.686.367.591.3

524369593352

12145

73.762.664.986.066.490.7

5145685934519646

72.161.862.285.965.489.4

4944625734535744

71.861.261.985.864.689.4

5048596036565443

71.560.761.984.664.089.3

5349596647575644

1 Revised. & Estimated. * New series. See p. 18 of the March 1933 issue (marketings) and p . 20 of May 1933 issue (prices).

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 26: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

24 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1933

M a y June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

COMMODITY PRICES—Continued

RETAIL PRICESDepartment 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=100..

WHOLESALE PRICES

Department of Labor index:Combined index (784) 1926=100..

Economic classes:Finished products 1926=100._Raw materials 1926= 100..Semimanufactures 1926 = 100. _

Farm products 1926=100..Grains 11926=100..Livestock and poultry 1926=100—

Foods 1926=100..Dairy products. 1926=100..Fruits and vegetables 1926=100—Meats 1926=100..

Other products 1926=100..Building materials 1926=100.

Brick and tile 1926=100-Cement 1926=100Lumber 1926=100—

Chemicals and drugs 1926=100.Chemicals 1926=100..Drugs and Pharmaceuticals. 1926= 100..Fertilizer materials 1926=100..

Fuel and lighting 1926=100.Electricity.... 1926=100.Gas. 1926=100..Petroleum products 1926=100..

Hides and leather 1926=100..Boots and shoes 1926=100Hides and skins 1926=100—Leather _ 1926=100.

House furnishing goods 1926=100—Furniture 1926=100.Furnishings 1926=100__

Metals and metal products...1926= 100—Iron and steel 1926=100-Metals, nonferrous 1926=100—Plumbing a n d h e a t i n g

equipment 1926= 1 0 _Textile products.. 1926=100..

Clothing.. 1926=100—Cotton 1926=100..Knit goods 1926=100..Silk and rayon 1926=100..Woolens and worsted 1926= 100_.

Miscellaneous 1926=100..Auto tires and tubes... 1926=100..Paper and pulp 1926=100..

Other wholesale price indexes:Bradstreet's (96) 1926=100.Dun's (300) 1926=100.

World prices, foodstuffs and raw materials:Combined index*..,_ __ 1923-25=100.

Coffee*- 1923-25=100.Copper*. .1923-25=100.Cotton* 1923-25=100.Rubber* 1923-25=100.Silk* .1923-25=100.Sugar* _ 1923-25=100.Tea* 1923-25=100.Tin* ___ ..1923-25=100.Wheat*.- 1923-25=100.

Wholesale prices, actual. (See under respec-tive commodities.)

15594

70.4

77.571.072.371.167.2

62.7

67.253.761.350.252.846.859.458.858.852.366.571.475.281.859.673.280.955.066.860.4

31.276.983.667.368.371.771.672.077.775.256.6

61.355.961.957.948.029.161.558.937.670.7

62.174.

46.548.431.611.622.2

"397671.438.8

166101

76.8

83.079.477.577.372.7

64.4

70.353.958.146.642.644.459.359.661.556.570.471.577.475.059.573.679.158.769.470.7

106.1103.047.272.588.435.760.674.874.175.580.180.048.3

64.454.3

a 62.952.950.529.158.364.439.276.5

51.768.3

25.951.437.921.07.

17.214.42.941.38.8

166100

75.1

79.577.276.276.271.5

63.9

70.053.257.645.737.746.758.857.462.456.070.170.876.177.157.673.178.658.368.071.6

105.5106.348.270.887.532.558.774.774.075.479.979.847.5

66.752.767.451.049.627.555.064.239.676.2

52.166.4

24.850.437.219.56.2

16.718.728.339.135.0

166101

74.0

78.475.875.075.269.8

64.5

70.554.755.547.936.754.160.958.259.762.069.769.775.977.356.973.078.957.666.872.3

105.8108.349.768.684.433.560.074.073.075.179.277.247.0

67.151.566.050.047.826.253.664.340.176.2

52.668.3

26.651.436.521.36.8

17.225.927.341.634.3

168101

73.6

78.574.774.974.870.7

65.2

70.755.757.949.138.252.861.860.255.661.970.169.675.279.055.573.379.757.066.472.1

104.4107.048.969.784.439.360.073.672.674.880.178.748.5

67.152.766.052.648.529.553.464.640.176.3

55.571.1

30.559.837.727.28.5

23.028.430.545.736.2

171100

73.6

77.974.675.474.971.1

65.3

70.456.260.749.137.451.261.860.652.560.970.470.575.479.056.372.979.856.663.670.8

103.4107.646.772.284.448.263.273.772.774.780.179.751.6

66.855.667.357.950.432.656.764.742.775.5

56.372.4

32.673.243.228.39.0

25.228.433.349.337.5

172100

73.3

77.274.575.474.270.9

64.4

69.654.660.746.934.445.060.560.552.256.470.270.775.379.056.672.779.855.963.471.1

104.6104.447.472.884.649.664.173.772.874.780.380.450.7

67.555.062.556.250.930.856.564.144.673.4

53.971.4

30.162.841.424.38.5

23.428.236.347.635.0

17299

72.6

76.973.974.374.070.3

63.9

69.354.258.946.733.241.960.662.352.453.769.870.775.479.056.672.4

55! 063.571.4

103.1100.048.271.484.246.161.973.772.774.779.679.449.1

67.553.962.253.651.029.555.363.744.673.4

53.371.0

27.852.437.122.88.1

21.826.433.646.433.1

17399

71.8

77.173.074.173.069.6

62.6

68.452.157.744.131.738.758.359.552.849.469.070.875.181.156.572.379.754.763.169.3

104.196.545.069.683.841.759.273.672.774.779.478.848.3

67.553.062.551.749.329.354.263.444.673.0

52.669.0

25.751.934.821.7

7.721.720.928.045.131.2

17295

71.1

77.272.472.772.567.7

61.0

66.750.256.942.632.937.855.855.253.049.567.370.174.9 |81.255.971.679.354.962.366.0

103.296.738.768.983.343.057.172.972.373.578.278.546.4

62.851.961.950.148.427.053.461.244.672.0

50.668.1

25.148.434.622.87.2

18.218.029.245.232.0

17191

76.771.671.971.566.1

65.748.456.340.932.740.153.752.452.450.266.069.875.181.856.471.379.054.861.563.6

102.996.634.368.083.340.955.372.371.972.977.477.346.2

59.451.261.249.148.325.653.259.242.672.1

49.267.7

24.947.034.622.46.9

16.818.540.046.730.0

17091

69.7

76.471.271.770.965.8

60.2

65.749.456.942.836.043.054.650.954.350.565.870.374.981.857.871.279.354.861.962.9

100.596.633.168.183.241.455.672.271.872.977.276.447.9

59.451.361.350.047.125.553.258.941.372.2

50.668.0

27.047.036.225.77.0

16.523.939.848.430.1

16490

69.4

76.470.771.870.265.1

60.4

65.750.057.344.544.841.056.153.157.850.365.370.275.081.857.971.479.554.662.961.598.397.532.569.483.245.857.271.571.571.776.975.749.2

59.451.861.450.747.226.353.357.837.470.6

54.170.8

28.644.539.025.48.3

18.527.938.154.032.9

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION CONTRACTSAWARDED

Contracts awarded, F .R.B. :Total, unadjusted 1923-25=100.. 20 31 32 31 32 30 28 24 22 18 16 14 16

Residential 1923-25=J00._ 14 14 12 12 11 12 12 10 8 7 7 8 11Total, adjusted 1923-25=100.. 17 26 27 27 30 30 29 27 28 22 19 14 14

Residential 1923-25=100— 11 12 11 11 12 12 12 10 9 8 8 8 « 10F . W. Dodge Corporation (37 States):

Total, all types:Projects _ number . . 9,409 7,513 7,151 7,008 7,185 7,152 <*6,483 5,266 4,205 3,800 3,884 6,303 7,254Floor space thous. of sq. f t - 15,277 15,742 12,296 14,399 13,864 13,514 « 11.034 12,068 6,949 8,453 7,382 9,890 10,870Valuation . . thous . of dolls. . 77,172 146,221 113,075 128,769 133,988 127,527 "107,274 105,302 81,219 83,356 52,712 59,959 56,573

Nonresidential buildings:Projects number . . 3,152 2,140 2,093 2,064 2,180 1,921 «1,792 1,582 1,363 1,466 1,532 2,254 2,535Floor space thous. of sq. ft— 6,525 a 8,899 6,395 8,678 8,114 6,721 »4,912 6,036 3,331 4,460 4,085 5,000 4,972Valuation thous. of dolls. . 31,639 58,946 39,813 48,982 49,071 35,997 «26,917 31,845 24,945 28,732 23,670 26,359 23,807

* New series. For earlier data see p . 19 of the December 1932 issue (Fairchild index) and p . 20 of September 1932 issue (world prices). • Revised.

20141711

9,40915, 27777,172

3,1526,525

31,639

31142612

7,51315, 742

146, 221

2,140a8,89958,946

32122711

7,15112, 296

113,075

2,0936,395

39,813

31122711

7,00814,399

128, 769

2,0648,678

48,982

32113012

7,18513,864

133,988

2,1808,114

49,071

30123012

7,15213, 514

127,527

1,9216,721

35,997

28122912

<* 6,483« 11.034"107,274

«1,792a 4, 912

« 26,917

24102710

5,26612,068

105, 302

1,5826,036

31,845

228

289

4,2056,949

81, 219

1,3633,331

24,945

187

228

3,8008,453

83,356

1,4664,460

28,732

167

198

3,8847,382

52,712

1,5324,085

23,670

148

148

6,3039,890

59,959

2,2545,000

26,359

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 27: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SUEVEY OF CURRENT BUSINESS 25

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION CONTRACTSAWARDED—Continued

F. W. Dodge Corporation (37 States)—Con.Public works and utilities:

Projects numberFloor space thous. of sq. ft__Valuation thous. of dolls _

Residential buildings:Projects number__Floor space— thous. of sq. ft__Valuation _ thous. of dolls..

Engineering construction:1Total contracts awarded (E.N.R.)

thous. of dolls..

HIGHWAY CONSTRUCTION

Concrete pavement contract awards:Total .thous. of sq. yd..

Roads only thous. of sq. yd_.Federal-aid highways:

Approved for construction:Estimated total cost thous. of dolls..Federal-aid allotment thous. of dolls..Mileage, total .number. _

Initial number..Stage (added improvement)...number..

Estimated total cost thous. of dolls..Federal-aid allotment thous. of dolls..Mileage, total number..

Initial numberStage (added improvement)...number._

Mileage completed to date. number..Balance of Federal-aid funds for new con-

struction thous of dolls

CONSTRUCTION COSTS

Building costs—all types (American AppraisalCo.)* ..1913=100..

Building costs—all types (A.G.C.).. 1913=100—Building costs—all types (E.N.R.)..1913= 100..Building costs—electric light and power con-

struction (Rickey)* 1913=100..Building costs—factory (Aberthaw). 1914=100Building material costs:

Brick house, 6-room__ ._ 1913=100Frame house, 6-rooni 1913=100..

MISCELLANEOUS DATA

Construction—employment and wages:Employment, Ohio. (See Employment.)Wages, road building. (See Employment.)

Fire losses, United States thous. of dolls..Ship construction. (See Trans. Equipment.)Real estate:

Market activity each month 1926=100.New financing. (See Finance.)

958400

19,013

5,2998,352

26, 520

78,198

1,9021,633

8,3712,642

762507255

260, 73692, 66913, 6579,2584,400

106, 554

16 317

158164.4

150145

1,589182

61,718

[3,78416,66225,557

107, 743

10,3609,242

69, 73231, 8454,2002,3361,864

219, 647103, 026

9,7347,6172,117

100,898

71 383

153166

152.8

148

157152

39, 271

54.6

1,724106

50,146

3,3345,794

23,116

118,587

11,06810,038

60, 69728,0144,0762,1111,965

234,043109, 230

10, 5127,8852,627

101,032

61, 720

151164

152.2

148167

157150

34,339

55.2

1,876265

60,046

3,0685,456

19,741

120,458

7,2366,230

49,67622,5163,5381,6471,891

240,857112, 63011,2378,3042,934

101,191

56,836

150163

153.4

149

154148

32,982

47.2

1,685205

64,150

3,3205,545

20,767

1st*81,634

12, 27511,137

56,15419, 2853,8212,0251,795

242,175112, 68611,5188,2603,258

101,505

51, 425

149162

156.8

150

155148

31,426

54.2

1,745243

68,725

3,4866,550

22,804

114,487

12,65310,690

58, 31918,3943,6912,3391,353

260,943115,528

13, 2689,1164,152

101,124

42,075

149163

158.0

153166

155149

30,972

53.4

1,378138

58,501

3,3135,984

21,856

100,812

6,7125,667

56,05817,3783,5702,4981,072

255,315107,152

13, 2248,9664, 258

102, 361

33,593

147163

159.2

153

153148

30, 734

60.4

1,082643

54,212

2,6025,490

19,245

100,443

8,0027,592

51,97615,6193,2282,249

978

250, 724101, 098

12,9789,1523,826

103,874

25, 583

146163

158.2

152

154148

I

31,168

50.1

939181

43,317

1,9033,437

12,958

103,360

5,6494,638

45,08513,3142,6821,911

770

250,97898, 25713,3499,3533,996

104,562

20, 294

145163

158. 5

152166

153149

39,191

52.9

540832

42,674

1,7943,160

11,951

95,392

5,3875,129

40,18011,9032,4891,881

609

252,37295, 88413,3019,3473,953

105,055

18,075

142163

158.4

152

152147

35,548

50.4

466148

17,237

1,8863,149

11,805

60, 513

1,4401,280

33,0509,8162,2181,660

558

260,18597,33713, 5619,5504,011

105,412

15, 746

141163

159.3

150

151146

36,661

57.2

851117

17, 578

3,1984,773

16, 021

57,934

1,6961,478

25, 7387,4981,9591,408

551

265, 67898, 31113,8559,6284,228

105, 646

14, 550

140163

158.4

151165

153147

35, 321

41.7

68585

13, 623

4,0345,814

19,144

49,393

570379

13,1273,9381,151

783368

269,48997, 55114, 2099,7094,500

105,835

15, 622

158160.2

153

150143

27, 826

41.1

DOMESTIC TRADE

ADVERTISING

Radio broadcasting:Cost of facilities, total thous. of dolls.

Automotive thous. of dolls.Building materials thous. of dolls.Clothing and dry goods thous. of dolls.Confectionery thous. of dolls.Drugs and toilet goods thous. of dolls.Financial thous. of dolls.Foods. thous. of dolls.House furnishings . thous. of dolls.Machinery thous. of dolls.Paints and hardware thous. of dolls.Petroleum products thous. of dolls.Radios thous. of dolls.Shoes and leather goods thous. of dolls.Soaps and housekeepers' supplies

thous. of dolls.Sporting goods thous. of dolls.Stationery and publishers-thous. of dolls.Tobacco manufactures thous. of dolls.Miscellaneous thous. of dolls.

Magazine advertizing:Cost, total thous. of dolls.

Automotive thous. of dolls.Building materials thous. of dolls.Clothing and dry goods thous. of dolls.Confectionery thous. of dolls.Drugs and toilet goods thous. of dolls.Financial.. thous. of dolls.

^ Data for June, September, December 1932, and March 1933, are for 5 weeks, other months 4 weeks.* New series. For earlier data see p. 19 of the January 1933 issue (building costs, Richey). Earlier data for American Appraisal Co. not published.° Revised.

182446—33 4

2,293121

05333

55786

71244

011

304440

820

17207

23

9,106779192268166

2,029177

3,632230

077

169783110

1,030206577

1998

30

1111779

54385

12, 9581,748

368303297

2,615196

2,997175

02658

70196

1,0254

4336

1837

21

911746

41454

10,8881,128

222253355

2,372217

2,417137

02

5457188

8085

328

1820

17

812222

3789

8,195789127224274

1,914176

2,286127

00

6752284

6843

332

1980

15

921720

38537

6,80766812990

2761,731

146

2,493780

23139474

90780

132310

1820

12

809

68366147

6,836512133185149

1,761149

3,03658

019

13455692

909163518

2110

15

790

52358485

8,293567202222163

1,805200

3,06057

029

17062888

8960

6914

2471612

1160

44354320

9,053535195198170

2,305229

3,006118

017

18665099

8980

848

3082712

780

5139575

7,827375146162128

1,896212

2,803176

021

14569985

7503249

8319

549

790

33361

24

5,569421111106108

1,257198

2,620171

039

100638

76722

501212

29236

0

740

36334

30

8,2361,164

12815055

2,181191

3,014215

047

12071986

860770

13294570

940

33364

34

8,67083415024198

2,453196

o 2,466126

052

103° 598

8276743

76

281360

770

1823932

9,285962172244144

2,324204

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 28: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

26 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

DOMESTIC TRADE—Continued

ADVERTISING—Continued

Magazine advertising—ContinuedFoods thous. of dolls.Garden thous. of dolls.House furnishings thous. of dolls.Jewelry and silverware thous. of dolls.Machinery. thous. of dolls.Office equipment.- thous. of dolls.Paints and hardware thous. of dolls.Petroleum products thous. of dolls.Radios. _ ..thous. of dolls.Schools thous. of dolls.Shoes and leather goods thous. of dolls.Soaps and housekeepers' supplies

thous. of dolls.Sporting goods. _ .thous. of dolls.Stationery and books. thous. of dolls.Tobacco manufactures thous. of dolls.Travel and amusement thous. of dolls.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.

COLLECTIONS

Delinquent accounts, electrical trade:Amount dollars.Firms. _ 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 ware-houses percent of total..

NEW INCORPORATIONS

Business incorporations (4 States) number..

POSTAL BUSINESS

Air mail, weight dispatched pounds. -Money orders:

Domestic, issued (50 cities):Number thousands.-Value thous. of dolls--

Domestic, paid (50 cities)-Number.. thousands..Value thous. of dolls--

Foreign, issued—value thous. of dolls.Receipts, postal:

50 selected cities thous. of dolls. .50 industrial cities thous. of dolls..

RETAIL TRADE

Chain-store sales:Combined index (20 companies)*

av. same mo. 1929-31 = 100.Apparel (4 companies)*

av. same mo. 1929-31 = 100-Grocery (6 companies)*

av. same mo. 1929-31=100.Five-and-ten (variety) stores:

Total, 8 chains, unadjusted.. 1923-25=100.Total, 8 chains, adjusted 1923-25=100.F. and W. Grand:

Sales thous. of dolls.Stores operated number.

S. S. Kresge Co.:Sales thous. of dolls.Stores operated number.

S. H. Kress & Co.:Sales .thous. of dolls.Stores operated number.

McCrory Stores Corp.:Sales thous. of dolls..Stores operated number..

G. C. Murphy Co.:Sales thous. of dolls..Stores operated.. _ number..

Isaac Silver & Bros.:Sales thous. of dolls..Stores operated.. ..number..

5864373242397

129201

750136121457388197

1,922

62,18494,64917,01977,6307,0211,52816,13352,947

34,668651

24,3932,703

79

72

76

126130

1,24974

9,941716

4,978231

2,361237

1,661178

52732

2,05095

1,198167489713237382184161

973312195563463339

»2,058

o69,506106,00420,17385,8316,7001,709

19,05958,363

76, 793864

[3.5

2,863

687,906

3,42132,021

8,92770, 7202,871

22, 6212,513

87

133138

1,505

10,059715

5,126227

3,155241

1,543173

60340

1,86268

884139277288

46382

205170

845286171362309307

1,523

65,405100,15720,04780,1097,9401,706

18,42852,035

64,134

62.7

3,107

694,930

3,36932,056

9,36973,9033,066

22,0062,452

84

78

84

127138

1,42881

10,041718

4,877227

3,025241

1,491173

57040

1,46532

42470174953

37511420259

578189122418228297

1,103

50,44980,87117,20763, 6655,5742,226

13,65342, 212

56,082838

62.6

2,534

545, 060

3,06630,454

8,18770,1572,934

23, 7892,959

118135

1,14376

9,042718

4,492227

2,681241

1,394173

53340

1,40316

2234728253

37599

21921

45112566

320133212928

49, 57778,83917,56361, 2754,7541,621

13,03441, 866

60,096902

62.7

2,909

568,887

3,06130, 286

8,30672, 5062,692

23,8512,900

80

71

81

118127

1,13775

8,805719

4,862227

2,627241

1,361173

53440

1,28410

32041184034

30513119171

53370

104393139262987

62,32493,00318,35974,6443,6841,645

15,60653,708

49,868738

62.0

2,661

555,661

2,97129, 378

8,44174,4832,962

25, 7702,835

83

74

82

123135

1,17172

9,430722

4,914227

2,825241

1,419174

60140

1,76019

532116206638

291165142151

63951

237446164298

1,246

70,753103,32319,17184,1533,0521,975

18,89160, 235

48,104680

61.7

2,592

567, 006

3,21931,056

9,43079,0922,538

26, 7113,030

82

78

80

142133

1,30673

10, 506722

5,151229

3,475241

1,620175

59639

1,95324

561146318055

299205120164

46465

267472213303

1,364

63, 85594,96716,42378,5453,7401,737

16, 82356,245

47, 646641

62.1

2,458

533,047

3,15230, 201

9,22175, 3692,799

26,1092,840

79

76

78

130129

1,27676

. 9,841723

4,854229

3,129242

1,563175

54139

1,81619

367202

297123

28421011367

358146326352259264

1,252

60, 73591,50915,68975, 8203,9131,6518,908

61,348

41, 515686

61.7

2,681

542,326

3,57432, 745

10,15178, 6706,340

33, 0973,789

79

73

80

226117

2,25076

18, 051723

9,327230

5,830242

2,855176

99738

1,20942

2257717329

15714613245

277104160332223181

1,266

52,07777,95715,28262,6754,8662,281

14,19741,331

40,829633

60.7

3,307

524, 721

3,20730,038

8,56767, 2102,400

24, 6742,955

80

75

76

100135

86276

7,706718

3,913232

2,537243

1,130176

34738

1,81775

36728273825

17583

14413

63241

170347195190

1,584

47,18672, 53914,08358,4563,0481,637

15,18838, 584

39, 575542

60.8

2,839

493,416

3,09831,864

7,99665, 3702,423

22,5592,659

76

70

73

103138

93674

8,054718

3,896232

2,339243

1,223177

36435

1,94374

39628343776

18063

11669

64349

118392278203

1,791

49, 88476, 36414, 81061, 5542,5031,951

13,86943, 230

31,165520

« 60. 2

2,674

586, 822

3,93659, 711

10,445136,196

2,630

24,4222,646

75

63

74

110121

1,05874

8,492717

4,087231

2,383240

1,314178

41734

2,07564

52250333499

21661

116159

70279

135392311188

1,910

60,11891, 05317,00074, 0534,6851,511

15, 28952, 569

35, 530625

60.4

2,665

568, 740

3,26135, 866

9,62294,163

23, 8102,678

78

74

74

« 129« 140

1,33874

10, 228720

4,766231

2,721226

1,629178

55133

* New series. For footnote see p. 19 <tf the December 1932 issue. » Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 29: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 27

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

DOMESTIC TRADE—Continued

RETAIL TEADE—Cont inued

Chain-store sales—ContinuedFive-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, to ta l . . . t o n s .Weekly average . . . t o n s .

Restaurant chains:Total sales, 3 chains:

Sales _ thous. of dolls.Stores operated . n u m b e r .

Childs Co.:Sa l e s . . ._ 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.Dal las— _._ 1923-25=100.Kansas City 1923-25=100.Minneapolis . . _ 1923-25=100.New York 1923-25=100.Philadelphia* 1923-25=100.R i c h m o n d . - .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:U n a d j u s t e d - . . 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.

19,8011,931

61,52515,381

397,49899,375

3,173379

1,227104

865116

1,081159

6,553451

14,4331,478

6767687069616763607659806073

6.9

5655

37,77815,10322, 675

20, 5291,913

72,43318,108

437,687109,422

3,736383

1,426107

1,053115

1,257161

« 6,084417

« 12, 6451,466

7272657370646363587863856270

7.3

6968

38, 71814,17224, 546

18,9211,915

86,06317,213

531,088106,218

3,456383

1,274107

1,019116

1,163160

« 5,863424

12,0251,467

6966567066585456578160805767

5.6

6567

39,88914,84025,049

18,1461,919

64,23916,060

397,46899,367

• 3,269384

1,203107

1,002117

1,064160

<* 5,090429

11,4551,468

6546444645403842405039513959

5.2

5964

32,07311,80420, 269

18, 2441,920

79,31715,863

490,48798,097

3,314382

1,268107

1,001115

1,045160

5,055434

10, 7521,472

6549534850444750505642554775

9.6

5961

33, 77712,98820,789

19,4631,925

63,62515,906

391,80497,951

3,403382

1,311107

976116

1,116159

« 5,658438

13,0531,474

6871657569557273728053777173

9.3

6360

39,15614,63824,518

22,4731,930

66, 53016,633

415, 659103,915

3,406383

1,350106

950117

1,106160

« 6,962442

16,7521,477

6975758071617771629574946879

9.9

6761

45,42319,80525,618

20,2161,932

62,84915, 712

395,27598,819

3,386382

1,445105

887117

1,054160

« 6,334444

15,0421,477

6373637665576864569166866768

7.3

6961

41,28116, 55224,729

33,0991,932

79,61615,923

498,47099,694

3,641382

1,554105

918117

1,169160

«11,368445

18,9421,476

6010696

11510090999685

13410113792

121

4.1

5660

51, 55621,05530,501

15,8451,927

57,23514,309

371,39492,849

3,425381

1,431105

884117

1,110159

4,270446

8,6881,473

6049435049414244405644544354

6.2

5258

26,95810,10016,858

16, 2451,927

61,10215,276

406,156101,539

3,081381

1,278105

784117

1,019159

4,491449

8,4601,474

6049484346414545375440514252

7.1

5456

26,17610,11416,062

17,5111,929

74,98114,996

495,19299,038

3,290382

1,311105

875116

1,104161

5,137451

10, 2341,478

5750495150425353566549614759

6.3

5553

27,55411, 21116,343

20,1591,929

61,05615, 264

405, 660101,415

3,201381

105

826116

1,055160

6,277451

14, 5921,478

6768

a 59«64« 63«64«62a 62«66

786078

«60

5.3

5553

35,36515,57419,791

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENTFactory, unadjusted (F.R.B.).. 1923-25=100.

Cement, clay, and glass 1923-25=100.Cement ___ 1923-25=100.Clay products 1923-25=1CO_.Glass 1923-25=100..

Chemicals and products 1923-25=100..Chemicals and drugs 1923-25=100..Petroleum refining 1923-25=100..

Food products ...1923-25=100..Iron and steel 1923-25=100..Leather and products 1923-25=100..

Boots and shoes 1923-25=100..Leather 1923-25=100..

Lumber and products 1923-25=100..Machinery 1923-25=100..Metals, nonferrous 1923-25=100..Paper and printing 1923-25=100..Rubber products 1923-25=100..

Auto tires and tubes. 1923-25=100..Boots and shoes 1923-25=100..

Textiles and products 1923-25=100..Fabrics 1923-25=100..Wearing apparel—, 1923-25=100..

Tobacco manufactures 1923-25=100..Transportation equipment 1923-25= 100..

Automobiles 1923-25=100..Car building and repairing. .1923-25= 100..Shipbuilding _ . . 1923-25=100..

Factory, adjusted (F.B.B,) 1923-25=100..Cement, clay, and glass.. 1923-25=100..

Cement 1923-25=100..Clay products 1923-25=100..Glass 1923-25=100..

Chemicals and products 1923-25=100..Chemicals and drugs 1923-25=100..Petroleum refining 1923-25=100..

60.043.738.435.363.278.980.876.880.253.276.477.870.935.344.547.979.460.266.640.873.075.766.164.243.747.839.753.460.642.637.634.262.380.382.176.9

61.347.042.742.657.978.380.678.281.057.272.774.465.438.654.451.483.866.069.156.962.062.361.367.352.459.744.281.462.145.841.941.157.179.781.978.4

59.145.042.839.656.974.278.078.180.954.870.572.761.637.851.348.682.067.070.357.157.258.254.769.050.859.641.678.560.043.440.938.055.576.479.677.4

57.243.441.938.753.672.375.677.479.351.471.674.261.336.348.445.480.565.069.451.953.956.447.568.449.257.940.771.458.343.139.837.655.974.778.275.7

58.642.139.238.051.872.275.775.880.750.476.179.462.636.446.445.879.363.666.355.262. 363.858.468.345.150.838.766.958.840.536.436.451.174.077.674.4

61.543.443.338.553.474.076.976.683.851.778.081.165.037.745.946.680.960.263.350.771.972.670.369.943.144.340.164.560.341.941.137.351.673.777.075.2

62.044.944.339.456.075.179.474.685.053.379.081.767.939.045.847.182.360.562.953.375.776.274.471.941.337.342.163.461.143.842.638.854.474.978.674.7

60.944.642.439.057.075.580.174.382.953.672.773.469.638.146.048.482.261.262.756.673.175.267.872.743.340.543.462.461.244.341.839.056.075.278.675.0

59.641.434.036.156.275.479.675.481.552.170.070.368.636.646.046.881.661.862.260.371.174.163.468.844.845.242.762.460.642.635.337.157.775.278.376.3

58.136.731.030.452.276.280.275.078.649.673.374.668.133.844.044.480.259.161.352.769.672.861.760.446.150.441.360.959.439.434.032.855.776.479.776.4

59.237.830.731.454.477.380.575.778.451.877.379.269.633.444.445.380.159.462.550.472.373.769.063.445.149.640.657.159.439.933.833.456.076.478.976.7

56.738.131.031.255.678.280.175.876.949.176.678.867.831.842.842.378.757.060.446.467.768.166.757.642.543.940.354.156.638.933.132.155.375.679.176.6

57.840.536.732.558.682.478.875.978.250.675.077.763.932.843.144.478.457.160.646.769.7

56.341.444.438.549.857.740.237.332.257.877.678.175. 9

* New series. For earlier data see p. 20 of the December 1932 issue. »Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 30: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

28 SUEVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August j S«gem- October Novem-ber

Decem-ber

1933

January Febru-ary March April

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT—Continued

Factory, adjusted (F.R.B.)—ContinuedFood products— 1923-25=100..Iron and steel - 1923-25=100..Leather and manufactures 1923-25=100..

Boots and shoes. .1923-25=100..Leather _ 1923-25=100..

Lumber and products 1923-25=100..Machinery 1923-25=100-Metals, nonferrous 1923-25=100..Paper and printing 1923-25=100..Rubber products 1923-25=100..

Auto tires and tubes 1923-25=100..Boots and shoes 1923-25=100-

Textiles and products 1923-25=100-Fabrics.. _ 1923-25=100..Wearing apparel 1923-25=100-

Tobacco manufactures— 1923-25=100-Transportation equipment 1923-25=100 _.

Automobiles- 1923-25=100-Car building and repairing- _ 1923-25=100-Shipbuilding 1923-25=100-

Factory, by cities and States:Cities:

Baltimore* 1929-31 = 100-Chicago* .1925-27=100-Cleveland Jan. 1921 = 100-Detroit .1923-25=100..Milwaukee* 1925-27=100-New York 1925-27=100-Philadelphia 1923-25=100-

States:Delaware 1923-25=100-Illinois 1925-27=100..Iowa__ ...1923=100..Massachusetts * 1925-27=100-Maryland* 1929-31=100..New Jersey 1923-25=100..New York 1925-27=100..Ohio 1926=100..Pennsylvania 1923-25=100..Wisconsin 1925-27=100..

Nonmanufacturing (Dept. of Labor):Mining:

Anthrac i te . . . 1929=100..Bituminous coal.. 1929=100..Metalliferous 1929=100..Petroleum, crude product ion. . . 1929=100..Quarrying and nonmetallic 1929=100..

Public utilities:Electric railroads 1929=100..Power, light, and water. 1929=100..Telephone and telegraph __ 1929=100..

Trade:Retail 1929=100..Wholesale 1929=100..

Miscellaneous:Banks, brokerage houses, etc.*~1929=100-Canning and preserving 1929=100..Dyeing and cleaning* 1929=100.Hotels .1929=100.Laundries*. . . -___ 1929= 100-.

Miscellaneous data:Construction employment, Ohio. .1926=100-Farm employees, hired, average per farm

number .Federal and State highway employment,

total* number-Construction* number-Maintenance* number-

Federal civilian employees:United States* _ number.

Washington _ number-Railroad employees, class I .thousands.Trade-union members employed:

All trades percent of total-Building trades* percent of total.Metal trades*. percent of total.Printing trades* percent of total-All other trades*.. percent of total-

On full time, all trades. . .percent of total.

LABOR CONDITIONS

Factory operations, proportion of full timeworked, total .percent. .

Chemicals and products percent-Food products percent-Leather and products percent-Lumber and products. percent.Metal products:

Iron and steel percent-Other percent-

Paper and printing.. percent-Stone, clay, and glass percent-Textile products _ percent-Tobacco products percent-Transportation equipment percent.

Automobiles percent-Hours of work per week in factories:*

Actual, avg. per wage earner hours. .

82.652.579.781.472.635.744.247.479.959.765.342.973.475.967.465.441.943.839.452.1

63.651.168.852.561.058.465.3

73.153.686.4

57.757.165.358.163.3

43.261.230.056.943.4

69.176.970.1

77.074.0

96.445.582.071.973.5

25.3

37.4

83.256.575.877.967.039.054.150.884.365.867.759.962.462.462.568.450.254.743.979.4

72.555.969.769.659.357.266.7

72.657.292.854.572.562.457.665.161.463.9

66.962.638.354.550.6

76.984.080.6

80.977.9

98.240.584.580.181.4

.93

259, 615129,842129, 773

612,83369,3751,082

8493947976

7176878385798275

33.9

81.154.874.376.963.437.951.048.782.867.068.961.158.558.758.169.450.058.041.377.6

69.055.468.672.257.454.365.5

71.556.691.751.768.161.555.664.359.762.4

53.060.532.254.249.5

76.583.279.9

79.477.0

98.155.585.178.081.0

36.3

280,636151,617129,019

613,94168,7931,047

683858827947

92947975

7075868185808176

32.7

79.452.171.974.162.436.148.346.081.464.668.154.356.958.652.970.249.358.140.473.0

65.351.066.063.453.551.061.8

69.852.391.248.466.058.952.462.457.162.4

44.558.629.555.449.5

75.682.379.1

74.676.6

98.573.082.478.480.3

37.8

1.09

305,372175,254130,118

608,70367,5521,022

663655797745

8292948071

6773848084807970

32.1

81.050.674.076.762.935.746.446.480.462.764.457.264.866.161.568.344.849.838.670.7

65.453.066.729.253.755.362.5

68.153.591.554.466.557.554.459.358.560.2

49.259.428.657.451.1

74.181.578.1

72.676.4

98.799.079.577.678.9

37.9

1.01

333,403182, 201151, 202

611,01067, 259

996

673655787846

8390948474

6773837988797870

32,2

81.851.374.977.365.036.646.047.281.158.661.649.472.273.668.667.942.843.040.069.2

66.653.465.137.455.459.666.0

72.154.594.059.768.959.857.860.360.661.1

55.862.429.356.252.4

73.581.077.4

77.877.1

98.6125.383.377.078.6

40.8

1.09

374,405219, 277155,128

610,94867,0701,010

683554808046

8591958778

6878867993787869

34.9

81.353.276.178.167.937.646.147.882.060.764.051.074.375.571.268.341.437.341.967.6

67.153.365.242.055.461.6

70.954.495.162.171.060.159.561.462.460.5

63.967.030.556.852.4

72.379.976.2

81.377.8

98.781.182.375.477.5

35.7

373, 246214,427158,819

608,48866,9741,033

8691958679

7380878094798173

36.5

80.753.873.274.169.137.346.648.981.163.767.053.672.373.968.968.645.645.643.665.0

64.751.865.639.355.759.568.4

71.653.593.559.069.959.458.961.561.860.1

62.769.431.956.549.4

71.879.175.5

81.777.6

98.250.578.074.376.2

30.4

.77

371, 667210,939160,728

607,90466,3881,013

8590948076

7080867892808276

36.5

80.052.872.072.968.336.846.447.480.263.265.456.370.472.964.067.747.451.642.8 j62.4

64.949.866.648.054.457.965.5

73.551.792.656.869.459.257.160.760.058.8

62.370.033.357.242.3

71.478.474.8

95.277.0

98.033.775.273.275.9

24.8

.72

290,465150,479139,986

600,94366,302

857890828480

35.4

79.650.672.974.466.935.044.544.879.659.762.651.269.272.261.564.947.453.342.059.1

61.249.266.628.853.755.863.5

73.450.785.655.865.456.355.460.657.757.3

52.569.832.457.235.1

70.677.774.6

76.9

75.3

97.634.173.073.875.4

23.9

266,443115,404151,039

599,99066,800

960

653053807845

8489948673

7078868589808785

34.9

79.251.475.677.567.534.444.244.479.959.162.349.670.472.266.164.145.048.941.154.1

63.549.766.849.254.158.063.1

74.352.188. 257.967.557.456.361.558.658.8

58.769.331.557.034.8

70.477.473.9

73.474.1

97.035.170.973.874.4

21.3

255, 256114,567140, 689

600,31166,802

956

662950787946

8590939077

7277888390798682

35.2

78.448.375.778.066.232.542.241.078.556.659.747.365.466.961.957.841.741.940.550.9

60.548.261.741.854.356.360.8

71.550.883.253.964.355.153.757.254.558.6

54.667.630.056.535.1

76.973.2

71.473.1

33.271.272.473.0

20.1

.79

279, 213133, 595145, 618

603,81867, 557

934

662851787844

8489928877

7073878387788376

32.2

81.250.076.479.364.433.342.643.478.856.759.647.968.569.266.857.540.141.5

"38.347.0

64.349.365.350.0

a57.557.861.4

69.651.783.764.167.555. 055.360.555.160.8

51.663.729.456.839.3

69.576.972.3

78.673.3

96.349.281.171.973.4

22.1

.86

299,882162, 816137, 066

605, 55467,063

672951788046

9294

82

7376

8490

9090

33.8

* New series. For earlier data see p. 20 of the October 1932 issue (hours of work) and p. 18 of the December 1932 issue and pp. 19 and 20 of the June 1933 issue(employment).

a Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 31: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 29

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May- June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

EMPLOYMENT CONDITIONS AND WAGES—Continued

LABOR CONDITIONS—Continued

Labor disputes: tDisputes _ _ _.number..Man-days lost „ number..Workers involved - number__

Labor turnover (quarterly) :*Accessions percent of no. on pay roll—Separations:

Discharged percent of no. on pay roll .Laid-on* percent of no. on pay rollVoluntary quits

percent of no on pay roll

PAY ROLLS

Factory, unadjusted (F.R.B.)—.1923-25=100..Cement, clay, and glass.. 1923-25=100—

Cement 1923-25=100 _Clay products. . . . 1923-25=100..Glass - - 1923-25=100 .

Chemicals and products.. 1923-25=100—Chemicals and drugs 1923-25= 100..Petroleum refining . 1923-25=100 _.

Food products 1923-25=100..Iron and steel 1923-25=100—Leather and products 1923-25=100

B oots and shoes 1923-25=100. .Leather . . . 1923-25=100..

Lumber and products 1923-25=100.-Machinery 1923-25=100-Metals, nonferrous 1923-25=100 _Paper and printing .1923-25=100..Rubber products . .1923-25=100 _

Auto tires and tubes 1923-25=100..Boots and shoes 1923-25=100-

Textiles and products 1923-25=100—Fabrics 1923-25=100..Wearing apparel 1923-25=100. .

Tobacco manufactures— 1923-25=100..Transportation equipment 1923-25=100..

Automobiles . 1923-25=100..Car building and repairing--1923-25=100..Shipbuilding 1923-25= 100—

Factory by cities:Baltimore* - 1929-31=100 .Chicago* 1925-27=100-Milwaukee * -1925-27=100New York* . . 1925-27=100..Philadelphia * 1923-25=100

Factory, by States:Delaware 1923-25=100-Illinois .1925-27=100Maryland * 1929-31=100—Massachusetts* 1925-27=100. _New Jersey - - .1923-25=100 _New York .1925-27=100Pennsylvania ..1923-25=100..Wisconsin 1925-27=100..

Nonmanufacturing (Department of Labor):Mining:

Anthracite - 1929=100..Bituminous coal 1929=100—Metalliferous . . 1929=100Petroleum, crude production.. .1929=100—Quarrying and nonmetallic 1929=100—

Public utilities:Electric railroads 1929=100Power, 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=100Hotels 1929=100..Laundries * 1929=100

WAGES—EARNINGS AND RATES

Factory, weekly earnings (25 industries) :*All wage earners .». dollars -

Male:Skilled and semiskilled.. -dollars-Unskilled . dollars .

Female dollars..All wage earners .__1923=100._

Male:Skilled and semiskilled 1923=100..Unskilled 1923=100

Female . . . 1923=100-Factory, av. hourly earnings (25 industries):

All wage earners * dollarsMale:

Skilled and semiskilled * .dollars-Unskilled * dollars-

Female * . dollars—

42.025.121 215.945 961.962.065.164.829 550 849 256.618.027.434 564.946 249.034.746.850.140 145.535.340 430.640 3

46 929.338 745 647.8

48.331 349 1

45 842 435 640.6

30 026.917 041.623.8

58 269.968.5

59.557 4

83.631.853 951.854 5

16.71

18.9414.4211.0362.8

61.564.764.0

.453

.513

.368

.297

"1,251,455« 49, 777

46.230.230.022.446.266.965.672.572.930.445.744.450.322.235.934.577.048.750.441.641.540.344.048.445.953.537.371.0

53.434.436.448.650.1

49.4o 34.9« 55.0

40.553.244.937.341.3

58.030.723.847.132.3

72.284.282.8

71.169.7

93.236.067.367.070.6

17.17

19.6314.6411.0364.5

63.765.764.0

.510

.570

.409

.334

"943, 338a 24,138

7.80

.4912.92

2.15

42.627.328.519.043.263.261.172.171.426.045.044.347.420.932.332.072.955.159.437.935.837.033.452.240.747.132.967.4

50.533.532.745.649.0

48.534.051.937.751.742.635.738.0

37.427.320.144.830.0

70.280.582.1

68.266.2

90.440.565.863.868.6

16.24

18.3713.8010.7061.0

59.661.962.1

.500

.558

.399

.328

«40"740, 785« 33,216

39.624.425.917.836.960.057.868.968.322.246.246.146.619.028.829.469.145.949.730.832.534.428.651.437.343.429.664.9

46.229.027.642.444.4

45.929.347.834.547.939.432.134.2

34.524.416.944.629.1

66.478.779.6

63.364.7

90.147.560.061.866.3

15.43

17.5913.1610.4258.0

57.159.160.4

.489

.553

.392

.313

«38<*754,423a 27, 717

40.123.925.117.635.960.058.168.267.922.151.752.449.019.327.128.967.441.543.035.742.342.142.649.431.632.728.653.6

45.931.630.145.845.1

44.731.447.739.246.041.233.635.3

41.426.416.542.929.7

63.876.779.1

60.763.2

88.565.656.359.663.9

15.35

• 17. 5113.13

a 10. 6057.7

°56.958.9

«61. 5

.487

.546

.392

.322

«33"566,045

« 7,456

12.55

.4510 78

2.10

42.124.626.318.435.859.858.466.370.823.454.555.252.320.927.030.370.036.435.639.953.151.756.051.027.322.228.952.4

47.232.032.251.351.1

47.932.249.344.449.244.936.037.0

47.030.217.041.930.5

62.574.775.9

64.663.1

87.375.161.059.162.9

16.23

18.5813.9411.7061.0

60.362.667.9

.479

.541

.387

.312

«23«147,059

« 2, 324

43.526.427.020.038.760.761.963.370.926.255.054.656.322.427.732.271.738.938.142.455.655.256.352.629.123.331.453.4

48.731.434.151.654.3

48.032.551.245.649.846.438.739.3

66.737.818.042.530.1

61.574.475.7

67.163.9

86.551.858.858.661.2

16.86

19.2514.3512.2263.4

62.564.470.9

.474

.538

.381

.311

«21« 68,154« 1,896

41.825.724.819.039.560.962.363.167.025.643.840.755.020.927.431.970.238.636.148.349.451.944.252.431.927.633.748.8

46.028.534.348.050.5

46.730.148.942.047.544.236.438.2

51.038.018.742.427.1

61.773.274.3

66.963.3

86.034.452.357.559.1

16.84

19.4014.2011.8663.3

63.063.768.8

.468

.530

.377

.306

«12« 40,492

«997

10. 50

.438.75

1.77

40.923.318.417.537.859.860.562.866.124.242.038.753.918.828.030.169.839.836.752.246.450.139.150.433.832.033.552.4

46.028.331.646.248.6

49.329.148.440.447.542.635.235.0

56.237.718.741.722.1

61.973.273.5

73.662.6

85.725.648.456.658.7

16.37

18.5513.6611.5661.5

60.261.367.1

.467

.527

.380

.305

29240,912

8,790

39.220.216.113.436.060.760.664.664.122.743.741.750.916.326.027.567.035.434.838.044.246.639.238.334.036.330.846.6

42.528.430.244.045.5

46.928.544.738.344.140.131.932.5

43.236.118.139.918.1

60.973.071.7

62.761.7

85.524.846.655.757.9

16.21

18.8313.8910.9760.9

61.162.363.6

.468

.529

.391

.303

«32«109,860

« 6,706

40.020.916.014.337.360.861.164.362.724.750.049.053.916.326.327.465.835.835.736.348.248.447.740.232.132.230.844.2

42.528.630.345.145.9

48.529.645.740.845.340.732.834.0

56.837.217.841.717.4

60.671.6

a 71 .9

58.458.6

84.725.942.455.955.5

16.13

18.6713.9210.9660.6

60.662.563.6

.464

.527

.381

.298

a 45"400,821

« 7, 773

8.50

.3810.14

1.56

36.920.616.413.836.760.459.864.559.822.447.146.250.314.324.025.163.331.131.728.641.340.842.436.029.227.029.940.3

41.425.727.743.742.3

44.427.244.035.941.538.430.032.6

48.830.717.442.517.8

59.471.9

«71.6

55.157.1

84.124.241.053.552.9

14.56

16.5412.279.9354.7

53.755.157.6

.460

.521

.375

.294

49317,289

14, 357

38.622.018.314.239.960.858.463.862.624.445.946.045.415.624.427.462.434.235.230.245.243.049.835.930.632.328.637.4

44.326.434.846.043.5

42.628.245.936.743.140.131.436.4

37.426.616.440.120.2

58.169.467.8

60.456.0

83.333.554.651.754.0

15.39

17.7513.3010.0957.8

57.659.758.5

.460

.522

.373

.299

* 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 Mary-land and Massachusetts and Baltimore pay rolls). Other data are on pp. 19 and 20 of the June 1933 issue.

a Revised.f Data for 1932 revised. Disputes, Feb. 34, March 30, April 44; man-days lost, Jan. 132,873, Feb. 460,701, March 736,982, April 620,866; workers involved, Jan. 4,993, Feb.

31,103, March 13,937, April 21,513.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 32: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

30 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

EMPLOYMENT CONDITIONS AND WAGES—Continued

WAGES—EARNINGS AND R A T E S -Oontinued

Factory, weekly earnings, by States:Delaware 1923-25=100..Illinois 1925-27=100 .Massachusetts* 1925-27=100-New Jersey ..1923-25=100._N e w York 1925-27=100 .P e n n s y l v a n i a . . . . 1923-25=100-Wisconsin. 1925-27=100 .

Miscellaneous data:Farm wages, without board

(quarterly) dolls, per monthRailroads, wages _ dolls, per hourRoad-building wages, common labor: #

United States _ dolls, per hourEast North Central dolls, per hour..East South Central dolls, per hour..Middle Atlantic _ _dolls, per hour..Mountain States dolls, per hourNew England . dolls, per hour..Pacific States dolls, per hourSouth 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..

72.863.1

"~~83.T74.261.958.5

.33

.39

.20

.35

.43

.32.50.22.34.28

.3894.0

74.866.474.389.678.061.161.3

.605

.32

.36

.19

.36

.44

.34

.47

.20

.28

.25

.38104.5

74.764.673.088.276.660.257.6

27.10.601

.33

.36

.19

.35

.44

.34

.47

.20

.31

.25

.3894.0

72.260.571.285.275.356.651.7

.607

.32

.35

.19

.34

.44

.34

.46

.18

.31

.26

.3894.0

72.061.772.183.875.858.055.0

.599

.32

.36

.19

.34

.43

.33

.47

.18

.31

.26

.3894.0

72.963.274.386.177.759.955.6

26.36.611

.32

.36

.19

.34

.44

.34

.47

.19

.34

.26

.3894.0

74.464.473.286.877.962.559.0

.608

.32

.37

.19

.35

.44

.34

.48

.19

.32

.27

.3894.0

71.659.770.983.875.159.558.7

.615

.32

.37

.20

.34

.44

.34

.48

.20

.32

.26

.3894.0

73.760.570.984.174.759.155.7

23.62.614

.32

.37

.20

.35

.44

.33

.48

.21

.34

.27

.3894.0

70.260.268.382.272.455.753.1

.616

.32

.38

.20

.36

.43

.35

.50

.22

.34

.27

.3894.0

71.761.970.182.772.356.854.1

.631

.32

.39

.20

.35

.44

.33

.51

.21

.35

.28

.3894.0

68.357.466.278.971.655.752.1

22.98.607

.32

.40

.19

.36

.43

.34

.50

.21

.34

.27

.3894.0

67.259.167.482.072.657.653.9

.33

.41

.20

.36

.43

.32

.49

.22

.34

.27

.3894.0

FINANCE

BANKING

Acceptances and commercial paper outstand-ing:

Bankers' acceptances, total.—mills, of dolls._Held by Federal Reserve banks:

For own account. ...mills, of dolls__For foreign correspondents

mills, of dolls..Held by group of accepting banks, total

mills, of dolls „Own bills mills, of dolls..Purchased bills__ mills, of dolls..

Held by others ..mills, of dolls..Commercial paper outstanding

mills, of dolls..Agricultural loans outstanding:

Credit banks, intermediate—mills, of dolls..Land banks, Federal mills, of dolls..Land banks, joint-stock mills, of dolls..

Bank debits, total mills, of dolls—New York City mills, of dolls..Outside New York City mills, of dolls..

Brokers' loans:Reported by New York Stock Exchange

mills, of dolls..Ratio to market value.- percent—

By reporting New York member banksmills, of dolls. .

Federal Reserve banks:Acceptance holdings. (See Acceptances.)Assets, total mills, of dolls-

Reserve bank credit outstandingmills, of dolls..

Bills bought.. mills, of dolls-Bills discounted... mills, of dolls..United States securities..mills, of dolls..

Reserves, total mills, of dolls—Gold reserves.. mills, of dolls..

Liabilities, total mills, of dolls..Deposits, total mills, of dolls..

Member bank reserves...mills, of dolls..Notes in circulation mills, of dolls..

Reserve ratio percent-Federal Reserve member banks:

Deposits:Net demand mills, of dolls—Time mills, of dolls..

Investments.. mills, of dolls..Loans, total mills, of dolls—

On securities mills, of dolls..All other loans. mills, of dolls..

Interest rates and yield on securities:Acceptances, bankers' prime- percent-Bond yields. (See Bonds.)Call loans, renewal percent..Com'l paper, prime (4-6 mos.) percent—Discount rate, N.Y.F.R. Bank percent-Federal land bank loans percent—Intermediate credit bank loans percent—Real estate bonds, long term percent..Stock yields. (See Stocks.)Time loans, 90 days. . percent-

Savings deposits:New York State mills, of dolls..

831,103

38625, 48613,97711, 509

5291.63

635

6,466

2,21820

3021,8903,8073,5206,4662,3942,1673,203

68.0

b 11, 740* 5, 286* 8,632» 9, 753& 4,172*> 5, 549

V2

1.002 - 2 ^' 2 . 50

5.583.10

5,113

787

183

51022528690

111

1161,143

49025,41112,91312,498

1.86

409

5,566

2,09636

4901,5492,9872,7905,5662,2402,1132,57262.1

11,1025,6647,385

11,6314,9076,724

2.504-3H3.005.634.79

5,243

747

36

51820031896

103

1161,139

47027,10314,20212,901

2441.56

342

5,615

2,31067

4401,7842,7772,5785,6152,0281,9822,79557.6

10,9255,5427,491

11,2634,7456,518

H

2.50

«2.505.634.105.50

5,282

705

12

59

563197366

70

100

1171,135

46425, 23912,72812,511

2421.18

332

5,764

2,43943

5381,8412,8362,6355,7642,1582,0522,85956.5

10, 7515,6127,700

10,9964,6316,365

2.08H~2%

2.505.593.58

5,253

681

574198376

55

108

1171,132460

25,21513,45811,756

3321.19

345

5,815

2,33134433

1,8522,9802,7735,8152,2412,1462,81458.9

10,9825,6337,74310, 7964,5126,284

2.00

2.505.583.44

5,243

683

2

57315641464

110

1021,129454

25,93114,16311,767

3801.42

425

5,848

2,23333332

1,8543,0912,8935,8482,3122,2252,75061.1

11, 2295,6408,20110,7064,5216,185

2.002-2J42.505.583.395.25

5,282

3

39

60519940652

113

1,125420

25, 29812,94412,354

3251.39

362

5,905

2,22734328

1,8513,1953,0035,9052,4462,3832,70962.0

11,4615,7098,585

10,4414,3116,130

MrH

1.351H-2K

2.505.583.38

H-1H

5,271

720

32

65526838628

110

951,121

41520,7509,815

10,935

3381.52

353

2,20235

3091,8513,2423,0495,9862,4842,4112,69262.6

11,7455,668

10,4134,2886,125

H

1.001U-1U

2.505.583.355.50

H

5,265

710

4

40

60422438062

81

921,116

40926,78713,96712,820

3471.52

394

6,115

2,14533

2351,8553,3313,1516,1152,5612,5092,739

62.9

11,7585,6568,507

10,2974,3155,982

1.00

2.505.583.256.00

H

5,314

707

2

41

25637038

85

1,112404

24,46612,41312,053

3591.56

454

2,07731

2741,7633,4573,2566,0332,5542,4462,72565.5

11,8995,6488,559

10,1664,2595,907

H-H

1.001M-1H

2.505.583.17

5,317

704

307

30

32520112442

84

871,110

39922,43712,03610,401

«3601.83

418

6,464

2,794336582

1,8663,1262,9526,4642,2362,1413,417

55.3

10,5935,2888,1969,6274,2345,393

H-M

1.001H-1H

2.505.583.105.50

5,269

671

280

45

26115310885

72

1,107395

'22,062•12,454

3111.56

6,610

2,572305426

1,8383,4553,2506,6102,1331,9493,696

59.3

3.32

"3.505.583.10

5,220

697

164

43

40420619986

64

°851,105

390» 22, 624

12, 012» 10, 612

3221.20

512

6,606

2,459171435

1,8373,6333,4166,6062,3802,1323,428

62.6

> 11,127* 5, 346* 8,570»9,660& 4,1556 5,472

1.372-3M«3.00

5.583.10

5,164# Beginning with March 1932, method of computing rates was changed.« Revised.* Estimated for 101 cities on basis of report for 90 cities.

* New series. For earlier data see p. 18 of the December 1932 issue.« Rate changed June 23, 1932, Mar. 3, Apr. 7 and May 26, 1933.• Figures incomplete due to bank holiday.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 33: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SUEVEY OF CURRENT BUSINESS 31

Monthly statistics through December 1931, to-gether with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FINANCE—Continued

BANKING—Continued

Savings deposits—ContinuedU.S. Postal Savings:

Balance to credit of depositorsthous. of dolls..

Balance on deposit in banksthous. of dolls..

FAILURES

Bank suspensions:Total ..number-Deposit liabilities thous. of dolls.

Commercial failures:Total _ _ .number-

Agents and brokers number-Manufacturers, total number-

Chemicals, drugs, and paints, .number.Foodstuffs and tobacco _ .number-Leather and manufactures number.Lumber number.Metals and machinery number.Printing and engraving number.Stone, clay, and glass number-Textiles number.Miscellaneous.. number-

Traders, total number-Books and paper. number_Chemicals, drugs, and paints, .number_Clothing number.Food and tobacco number-General stores number.H qusehold furnishings number.Miscellaneous number-

Liabilities, total thous. of dolls.Agents and brokers thous. of dolls.Manufacturers, total thous. of dolls.

Chemicals, drugs, and paintsthous. of dolls.

Foodstuffs and tobacco..thous. of dolls..Leather and manufactures

thous. of dolls. .Lumber thous. of dolls..Metals and machinery thous. of dolls. .Printing and engraving._thous. of dolls..Stone, clay, and glass thous. of dolls..Textiles._. thous. of dolls..Miscellaneous thous. of dolls..

Traders, total thous. of dolls..Books and paper thous. of dolls..Chemicals, drugs, and paints

thous. of dolls..Clothing thous. of dolls..Foods and tobacco thous. of dolls..General stores thous. of dolls..Household furnishings.-.thous. of dolls..Miscellaneous thous. of dolls..

LIFE INSURANCE

(Association of Life Insurance Presidents)

Assets, admitted, total f mills, of dolls.Mortgage loans mills, of dolls..

Farm mills, of dolls..Other mills, of dolls.-Bonds and stocks held (book value)

mills, of dolls.-Government ..mills, of dolls..Public utility mills, of dolls..Railroad mills, of dolls..Other mills, of dolls..

Policy loans and premium notesmills, of dolls. .

Insurance written: tPolicies 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 t thous. of dolls..Annuities thous. of dolls..Group ,-thous. of dolls..Industrial thous. of dolls..Ordinary thous. of dolls.-

(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..

1,178,342

1,909161466

1,282

47, 9728,074

19,021

20, 877

1, 03414

762258

645,32022,450

190,138432, 732

4952134955

178

742,645

8234, 370

2,788129672

14512583644415

145231

1,98727

114434511134386381

83, 76418,10030,078

477646

1,3379,9584, 5491,546

2524,0967,2i7

35, 585445

1,3427,7328,8562,1987,7297,283

16, 5926,3321,4684,864

6,1611,3131,6732,665510

2,818

1,08923

833233

759,35349,113

222,956487,284244,93612, 3547,20557,954167, 423

5312305259190

784,821

681,727

151132,661

2,68816461411542284703326113201

1,91015154363505104399370

76,93114, 46225, 637

315483

4915,4942,7031,059700

4,6419,751

36, 835228

1,7565,8697,8921,649

10, 3489,093

16, 6006,3061,4584,848

6,1591,3181,6702,660511

2,862

1,10126

830245

768,23350, 606213 298504,' 329241,95510, 9927,68355,020168, 260

5362325356195137

828,549

740,373

13248,743

2,59618462216581780683819100226

1,79031120386440119323371

87,19015,04237, 229

2,977

7555,9308,1151,270688

5,77511,33134, 920

558

1,3736,4908,2871,8536,8439,516

16, 6396, 2811,4504,831

6,1621,3271,6702,657508

2,878

1,09118

845228

691,364

206, 641447, 739237,88515, 9687,50657,066157, 345

2114751177

847,421

763, 262

8529,513

2,79617764919552874684217117229

1,97029133404573107340384

77,03112, 66627,462

3541,444

2,2223,7015,068699

1,2304, 6148,130

36, 905433

1,7406, 5909,3291,7127,1349,967

16, 6756, 2561,4434,813

6,1791,3441,6692, 655511

2,910

1,02617

774236

668, 77928, 979196, 340443, 460234,16311,9617,98058,635155, 587

4882134751177

858,720

771, 219

6713,508

2,1821415131555205558271975189

1,5282413131738776266327

56,1287,345

22, 310

474

5296,6604,3021,248444

1,3426,381

26, 471314

1,2865,2054,639819

6,0898,119

16,7336,2281, 4344,794

6,1901,3531,6692,653515

2,925

95141681229

639,93761, 018174,156404, 763209, 89110, 2216,798

53, 379139, 493

4381874248161157

870,823

783,921

10220,092

2,2731505421452197056312974197

1,5812212127847998256327

52,8707,857

18, 897

409613

9453,7522,8201,1261,3761,6806,17626,117

265

1,8513,3605,783956

5,6788,224

16,7906,1971,4244,773

6,2061,3661,6712,649520

2,936

1,05929781248

670,03938,868198,053433,118236, 28417,0377,28558,052153, 910

4792004951179

884,297

779,971

43, 319

2,0731324801648156044272767177

1,4612010823342893250329

53, 621

23,918

770456

2424,2772,161626

2,2741,906

11, 20623,095

347

1,4092,8434,217840

5,3978,042

16, 8306,1681, 4154,753

6,2241,3781,6742,649523

2,941

1,02823747258

671, 24236, 262184,882450, 098223,84212, 2827,063

51, 048153,449

4992214753179

900,796

792,725

16170,914

2,4691696141467177863331892232

1,68617151334461123250350

64,1899,721

24, 577

4841,061

3,8142,5271,3541,4543,14210,17229,890

272

1,5144,3129,1012,0584,6927,941

16,9176,1361,4024,734

6,2311,4001,6702,639522

2,948

99043

741,92067,810154,864519, 246335, 64228, 7528,644

116,838181, 408

5382335158196146

942, 519

797,169

241135,020

2,9191725651760186268402275

2032,182

29160507495169412410

79,10111,43330,747

287797

2,3104,2553,326923

1,0074,38513,45736,921

334

1,8066,2245,8053,6009,2499,093

16,9666,1101,3944,716

6,2381,4061, 6712,638523

2,967

923

227614, 43122, 546168,312423, 573242, 25117,6129,235

59, 243156,161

4812174448172

1,006,185

'852,986

14872,870

2,378157500

1543175559272243

2191,721

9121361450107355318

65, 5769,157

24, 363

5,5991,170

3453,3422,464

3741,4821,1208,467

32,05672

1,3765,0517,9873,0407,3247,206

16, 9846,0771,3824,695

6,2591,4271,6722,637523

2,997

93414

681239

609, 72516,842168,400424, 483229, 59017, 2837,57151,997152, 739

4742114651166

1,112,71

935, 987

1,948150462

947184551272264

1791,336

1186

230351

29448, 5007,713

17, 583

7391,233

3222,5392,766

461671

1,4637, 389

23, 20490

1,2773,5764,6191,6086,3785,656

16, 9816,0331,3684,665

6,2661,4471,6702,631518

2,975

1,04712

776259

640,41417, 345

187, 761435, 308229,16014, 5458,71850,448155, 449

4622094548160132

1,157,652

972,457

1,921147422

1,352

51,0986,40718,737

25,954

17, 0206,0021,3574,645

6,2751,4651,6662,627517

2,987

99614

747235

628, 77821,711

183,462423,605227,10213,9066,878

48, 519157, 799

2064753

158

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

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 34: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

32 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FINANCE—Continued

MONETARY STATISTICSForeign exchange rates:

Argentina .dolls, per gold peso..Belgium dolls, per belga..Brazil dolls, per milreis..Canada .dolls, per Canadian doll..Chile dolls, per peso..England dolls, per £..France... dolls, per franc.Germany dolls, per reichsmark__India dolls, per rupee.-Italy dolls, per lira..Japan dolls, per yen..Netherlands.. dolls, per florin-Spain dolls, per peseta..Sweden dolls, per krona..Uruguay dolls, per peso..

Gold and money:Gold:

Monetary stocks, U.S mills, of dolls..Movement, foreign:

Net release from earmark_thous. of dolls..Exports thous. of dolls..Imports thous. of dolls..Net gold imports, including gold released

from earmark#* thous. of dolls..Production, Kand__ fine ounces..Receipts at mint, domestic fine ounces..

Money in circulation, total...mills, of dolls..Silver:

Exports thous. of dolls..Imports thous. of dolls..Price at New York dolls, per fine oz_.Production, estimated, world (85 percent of

total) thous. of fine oz..Canada ..thous. of fine oz_.Mexico _._thous. of fine oz_.United States thous. of fine oz..

Stocks, end of month:United States thous. of fine oz_.Canada thous. of fine oz._NET CORPORATION PROFITS

(Quarterly)Profits, total mills, of dolls..

Industrial and mercantile,total ..mills, of dolls..

Autos, parts and accessories-mills, of dolls..Foods mills, of dolls..Metals and mining mills, of dolls..Machinery mills, of dolls. _Oil.. mills, of dolls..Steel and railroad equip-

ment mills, of dolls..Miscellaneous mills, of dolls._

Public utilities.-. ..mills, of dolls._Railroads, class I mills, of dolls._Telephones .mills, of dolls..

PUBLIC FINANCE (FEDERAL)Debt, gross, end of month mills, of dolls..Expenditures, chargeable to ordinary

receipts thous. of dolls..Receipts, ordinary, total thous. of dolls. _

Customs thous. of dolls..Internal revenue, total thous. of dolls..

Income tax thous. of dolls..CAPITAL ISSUES

Total, all issues (Commercial and FinancialChronicle) thous. of dolls..

Domestic, total thous. of dolls..Foreign, total thous. of dolls. _Corporate, total thous. of dolls. .

Industrial._ thous. of dolls..Investment trusts thous. of dolls._Land, buildings, etc thous. of dolls..

Long-term issues thous. of dolls..Apartments and hotels.thous. of dolls..Office and commercial.thous. of dolls..

Public utilities thous. of dolls. .Railroads thous. of dolls..Miscellaneous thous. of dolls..

Farm loan bank issues thous. of dolls..Municipal, States, etc ._thous. of dolls..Purpose of issue:

New capital, total thous. of dolls. _Domestic, total . . . . . thous . of dolls..

Corporate thous. of dolls. _Farm loan bank issues.thous. of dolls._Municipal, State, etc.-thous. of dolls..

Foreign thous. of dolls..Refunding, total thous. of dolls. _

Corporate thous. of dolls..Type of security, all issues:

Bonds and notes, total thous. of dolls..Corporate thous. of dolls..

Stocks thous. of dolls..State and municipals (Bond Buyer):

Permanent (long term) thous. of dolls. .Temporary (short term) thous. of dolls..

° Revised.

0.679.163.076.876.0633.93.046.274.296.061.240.470.100.202.532

4,313

22,11422,924

1,785

975944,000114,017

5,876

2355,275.341

10, 0421,0145,5001,900

10, 3971,707

21, 853

270,053167,15220, 515114,75415,688

59, 64359, 643

015, 6349,043

00000

6, 591000

44,009

43,80243,8023, 584

040, 218

015, 84112,050

56, 55912, 5503,084

48, 375104,161

0.583.140.071.884.0603.68.040.238.273.052.320.406.081.187.475

4,273

-22,150212, 22916,715

-217, 664965, 644100, 7635,456

1,8651,547.278

11,3111,2276,4831,884

6,4461,983

19, 037

447, 61991, 63518,00460,01322,324

123, 645123, 645

022, 231

000000

22,0310

20015,00086,414

91,99391,9937,231

084, 762

031, 65215, 000

123, 64522, 231

0

85, 39645, 386

0.585.139.075.867.0603.65.039.237.272.051.303.404.083.187.472

3,955

-28, 797226,11720, 070

-234,844959,011104, 7705,530

1,2681,401.275

9,614933

4,7142,307

5,8211,626

170.0

dO. 3dl.424.0dl.

0.586.139.076.871.0603.55.039.237.267.051.275.403.081.182.476

3,942

56, 23723,47420,037

52,800980,160123,4165, 752

.267

11,9271,9546,6111,824

4,6221,645

d 1.210.6

d32.11.766.045.259.1

19, 487

443, 210244, 08917, 373206,994160,502

147, 683147, 683

029, 340

00

1258000

19,8889,327

030,00088, 343

83, 42083, 4204,110

079,311

064,26225, 231

147,68329, 340

0

85, 588124, 685

19, 612

347,889100, 65218,87661,68617,457

155, 557155, 557

0111,8711,000

00000

110, 5290

34216, 00027,687

105, 336105, 33662,84216,00026, 494

050, 22149,029

154, 557110, 8711,000

30, 36246, 032

0.586.139.076.876.0603.48.039.238.262.051.245.402.081.179.474

4,030

100, 50118,06724,170

106,614991,000143, 0885,720

4331,554.280

10,9241,4915,9072,170

4,9231,642

20,067

257, 084111,13324,11679,94015,083

169,482167,4822,000

133, 39560000000

99,99926, 4506,346

034, 088

61, 64559, 64526, 281

033, 3642,000

107, 838107,114

164, 683131, 5951,800

47, 56874, 368

0.586.139.076.903.0603.47.039.238.262.051.236.402.081.178.474

4,140

72, 28960

27,957

100,186961, 501145,8285,685

2,052.279

11,3601,5006,5941,778

5,0121,916

183.3

<f 21.1d20.4

18.1d2.5d l . 4

7.5

d32.810.463.089.651.8

20, 611

265,725259,95825, 935216,481142, 203

138, 60778, 60760, 00010,882

00

70070000

9,7320

4504,00063, 725

89,97169,9716,5504,00059,42120,00048,6364,332

138,25710, 532

350

82, 73781, 688

0.586.139.076.912.0603.40.039.238.257.051.231.402.082.175.474

4,226

45, 77461

20, 674

66, 387974,965171, 2205,643

1,3161,305.272

11,3341,8536,0671, 918

6,0351, 701

20,813

373, 209148,00424, 74489,85013,063

124,062120,0474,01567,4896,966

00000

60, 52300

9,10043, 458

100,02096, 00548,4749,10038, 4314,015

24, 04219, 015

120, 77064,1983,291

67,17828,928

0.586.139.076.873.0603.28.039.238.248.051.206.402.082.174.473

4,292

48, 56616

21, 756

70,306978,000163, 5455,643

8751,494.267

10,4931,0925,9022,052

5,8011,785

20, 806

246,159124,50734,05185,48414,328

76,40076,400

041, 591

7631,20022022000

37, 6081,800

05,00029,809

44,80144, 80110, 6335,00029,168

031, 59930,958

74,48739, 678

1,913

47, 72640, 589

0.586.139.076.866.0603.28.039.238.248.051.207.402.082.179.473

4,429

A 71 , 02313

100,872

'171,872980, 000141, 598

5,699

1,2601,203.250

1, 0054,2211,627

5,9311,651

209.5

d37.9d30.9

18.9

d3 .9dO. 2

dSO.l14.462.0

130.854.6

20,806

762, 406351,69519, 929

210,995141,033

157,920157,920

028,8448,766

060020000

3,12415, 0001,355

13, 000116, 076

122,713122,71310, 39913,00099,315

035, 20718, 446

153, 20924,1334,711

165,167145, 590

0.586.139.076.875.0603.36.039.238.254.051.207.402.082.183.473

4,547

-91,49414

128, 465

" 36, 957967,000115,1885,631

1, 5511,763.254

11,6741,0077,1591,960

5,4441,559

0.586.140.076.835.0603.42.039.238.258.051.208.403.082.183.473

4,491

*-178,28521,521

° 30, 397

'-169,409883,00089,0165,892

194°855.261

9,6581,0195, 5471,603

5,4321,640

20,802

247, 785134,04418,35286,80517,889

109,963109,963

064,5177,592

00000

44,92512, 000

09,50035,946

64,61064, 61022,1579,50032,953

045, 35342, 360

106, 71361, 2673,250

85, 930105,173

20,935

213,091121,31216,44290, 71527,713

56,51356,513

037,555

00

90090000

41436, 241

01,400

17, 558

19,63619, 6361,3141,40016,922

036,87736,241

56, 51337, 555

0

64,95177, 389

0.583.140.076.835.0603.43.039.239.258.051.213.404.084.182.474

4,260

-100,09228,123

« 14,948

-113,287946,000187, 694187, 694

269o 1,693

2.79

11, 6561,3096,4362,574

7,0601,859

123.8

<*18.6

17.8a 1.6' 1 . 6

d15.0

<*30.717.167.633.941.4

21,362

282,368283, 28617, 444

242,464176, 259

19,09419.094

05,4183,270

00000

2,148000

13,677

16, 26516, 2653,170

013.095

02,8292,248

13, 6775,4185,418

« 45, 573« 92, 719

0.605.145.076.847.0603.58.041.244.269.054.221.420.089.188.478

4,301

33, 70116,7416,769

23, 729895, 000120,4616,137

1,520.307

9,001,0154,6281,907

8,2611,831

21,441

352,464130, 55217,40089,06219,500

45,38843,788

1,60035, 5412,660

00000

28,1044,778

00

9,847

24,92824,92817,335

07,593

020,46018, 207

44,45334, 607

935

58, 579172,948

i Or exports (—).•New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue.* Allowance has been made for gold earmarked at Bank of England for the account of the Federal Reserve Bank of New York.» Differs from Federal Reserve Board figure, since $8,900,000 declared for export on Feb. 28 was not actually taken from Federal Reserve Bank of New York until Mar 1

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 35: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CUEEENT BUSINESS 33

Monthly statistics through December 1931, to-gether with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FINANCE—Continued

SECURITY MARKETS

Prices: B o n d s

All listed bonds, avg. price (N.Y.S.E.)dollars..

Domestic issues - - dollars _Foreign issues dollars..

Domestic (Bow-Jones) (40)percent of par 4% bond—

Industrials (10)—percent of par 4% bond—Public utilities (10)

percent of par 4% bond..Rails, high grade (10)

percent of par 4% bond..Rails, second grade (10)

percent of par 4% bond—BomesticKStandard Statistics) (60).dollars..U.S.Government (Standard Statistics) *

dollars __Foreign (N Y Trust) (40) percent of par

Sales on New York Stock Exchange:Total thous of dolls, par value

Liberty-Treas___thous. of dolls, par value.-Value, issues listed on N.Y.S.E.:

Par, all issues mills, of dolls.Domestic issues... mills, of dolls..Foreign issues mills, of dolls _

Market value, all issues mills, of dolls..Domestic issues mills, of dolls..Foreign issues - mills, of dolls..

Yields:Domestic t (Standard Statistics) (60).percent-

Industrials (15) __ percent—Municipals (15) t --.percent..Public utilities (15) ..percent-Railroads (15) percent-

Domestic, municipals (Bond Buyer) (20)percent-

Domestic, U.S. Government:Treasury bonds (3 long term) percent—Treasury notes and certificates (3-6 months)

percent __Cash Dividend and Interest Payments

and RatesTotal (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 dollsDividend 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) _ dollarsBanks (21) dollars-Industrials (492) _ . dollarsInsurance (21) dollars. _Public utilities (30) dollars—Railroads (36).. dollars

Prices: StocksDow-Jones:

Industrials (30) dolls, per sharePublic utilities (20) dolls, per share-Railroads (20) dolls, per share-

New York Times (50) dolls, per share..Industrials (25) dolls, per share._Railroads (25) dolls, per share..

Standard Statistics (421) . 1926=100..Industrials (351) 1926=100Public utilities (37) 1926=100Railroads (33) 1926=100

Standard Statistics:Banks, N.Y. (20).— -1926=100..Fire insurance (20) 1926=100..

Sales, N.Y.S.E thous. of sharesValue, and shares listed, N.Y.S.E.:

Market value all listed shares-mills, of dolls..Number of shares listed .millions.

Yields:Common, Standard Statistics (90) „percent..

Industrials (50) percent..Public utilities (20)— percent-Railroads (20) percent—

Preferred, Standard Statistics:Industrials, high grade (20) percent—

Stockholders (Common Stock)American Tel. & Tel. Co., total number

Foreign numberPennsylvania Railroad Co., total, number

Foreign _ numberU.S. Steel Corporation, total number

Foreign numberShares held by brokers percent of total—

80.7984.7365.31

50.6451.57

69.09

80.35

30.6082.0

102.91

350, 62638,367

40,84432, 5538,291

32,99827, 5835,415

5.786.945.275.265.63

5.35

3.48

.29

428,449153,884

146,0001,4252,674

274, 565

218, 591199,362

19, 229

976.0923.36

1.064.32

721 662.19

.86

81 627! 737.6

74.59118 4030.7962.965.379. 237! 5

53.150.4

104, 229

32,4731,294

3.993.675.183.59

6.78

70.6273.5765.40

43.0838.14

63.88

69.69

27.3076.0

100.0941.71

258,44186,816

52 19333,30718,88636,85724, 50412, 352

6.348.354.775.656.57

4.94

3.77

.31

^473,900«204,900

-168,500«17,200«5,800

269,000

271,120257, 574

13 546

1, 367.1924. 68

1.485.431.092 772.681.37

53.322.418.3

46.0677.9614.1639.838.167.817.4

46.628.3

23,151

16,1411,320

9.5710.028.08

11.86

7.75

71.7175.6664.78

41.3935.99

60.49

68.78

26.4772.8

99.9944.47

257,18067,049

52,08633,21918,86837, 35325,13212, 222

6.649.174.815.776.83

5.09

3.78

.34

655,011244, 700

180,0009,9005,300

440,311

216, 662187,80128,861

1, 245.9927.05

1.344.791.012.312.421.12

46.918.015.7

40.0267.6512.3934.033.555.014.1

39.425.4

22,998

15, 6331, 315

10.3010.1510.2112. 45

8.38

703, 0807,147

250, 8223,305

190, 9863,08116.03

74.2779.2565.52

42.9836.76

64.73

70.97

27.5275.1

101.3351.72

240,72046,432

51,99133,15218,83938,61526,27212, 343

6.428.674.785.656.60

4.82

3.65

.22

814,400255,400

185, 50012,0004,900

557,000

122, 561113,820

8, 741

1,216.5927.11

1.314.78

.991.952.351.12

46 218.616.1

40.1866.8713.5035.935.855.415. 6

43.226.9

23, 056

20,4951,315

8.858.808.759.91

8.22

77.2783.7065.89

53.3548.08

69.96

79.32

36.6784.3

101.9555.82

333,07625,769

51,86333,14018, 72440,07327, 73612,336

5.576.934.505.225.65

4.55

3.57

.14

392,490143,900

105,9009,0003, 500

248, 590

24S, 113226,892

19, 220

1,163. 6928. 42

1.254.78

.941.872.35

.81

67.529.129.4

61.7098.0725. 3353.351.584.229.2

64.843.4

82, 649

27, 7831,312

5.655.755.744.47

7.11

77.5083.9366.10

55.0152.21

70.10

82.07

36.8887.0

102.4763.47

250, 26524,351

51,78033,11418,66740,13227, 79312,339

5.356.614.395.065.36

4.57

3.54

.03

437,440125,000

103,0007,3003,200

312, 440

156,599154, 009

2, 590

1,148. 9928.67

1 244.78

.931.892.30

.81

72.635.332.3

65.35101. 5822.1358.255.891.434.5

73.547.3

67,424

20, 7351,311

4.915.225.032.51

6.88

705, 5017,348

251, 0413,327

189,9813,14014.27

76.3782.0466.30

49.8649.56

70.95

80.76

29.7985.2

102.5258.00

178, 56220,250

51,74433,10218, 64239, 51827,15812, 360

5.506.914.375.115.63

4.59

3.54

621,654167, 300

140,90010,4004.000

454,354

133,344126,878

6,466

1,146. 7928.12

1.244.78

.921.892.30

.81

83.528.228.3

56.1790.0722.2949.947.780.627.5

66.343.1

29,188

23,4411,312

5.736.085.643.11

7.02

73.9181.3660.72

47.5146.98

69,49

78.19

27.9883.1

102.5753.17

158,90515, 782

51,54332,94218,60038,09526,80111,294

5.687.324.385.145.86

4.65

3.55

438,032130, 500

104,0007,5002,500

307,532

264,189243, 592

20, 597

1,126.8925. 58

1.224.79

.901 892.34

.81

62.127.627.4

57.6392.7122.5647.545.477.625. 5

63.341.7

23, 038

22, 2591,312

5.846.125.873.33

7.19

77.2781.6560.22

44.0544.81

69.79

77.88

24.2082.2

103.1957.51

241,85037,424

41,30532, 8668,438

31,91826,8365,082

5.757.384.375.066.19

4.61

3.48

.04

546,439120,200

102,8005,9002,000

426, 239

205,769190, 508

15, 261

1,119. 7925. 25

1 214.79.89

1.892.31

.81

59 127.126.2

55. 0589.5420. 5847.444.879.625.7

65.841.4

23, 208

22, 7681,312

5.686.005.613.28

7.34

701,0377,507

250,5063,323

190, 8533,15515.21

78.8383.3261.34

46.9447.66

73.66

82.49

25.9584.1

103.7559.83

260,02138,362

41,17332, 7708,403

32,45727,3025,154

5.597.294.234.915.93

4.48

3.39

.07

863,492270,600

225,00010, 5004,100

59? 892

164, 840140,34324,497

1,112.9924. 21

1 204.78

.881.892.31

.86

62.728.028.1

58.6594.8122.5049.146.281.827.6

67.944.0

18,720

23, 0731,303

5.425.785.283.05

7.17

74.8979.0958.45

45.2244.35

71.53

81.92

25.1782.5

103.3654.19

230,08245,387

41,10732,7388,369

30,78525,8934,892

5.737.604.285.115.93

4.92

3.47

.01

387,200145,400

118, 5008,0004,900

241,800

222, 244206,328

15,916

1,070. 3924. 39

1.164.78

.821 782.31

.86

56.123.926.9

52.9984.5521.4344.942.573.126. 7

63.542.5

19,320

19, 7011,296

6.106.366.104.13

7.32

74.5178.5858.59

42.0139.88

64.99

77.23

23.9276.7

101.0953.55

193,18155,176

41,00632, 6668,340

30, 55425, 6684,887

6.258.144.885.546.45

5.24

3.58

1.34

430,351140,000

117, 50011,3003,300

290,351

162,468158,000

4,468

1, 024.9922. 56

1.114.36

.781.762.25.86

57 621.827.4

53.1785.0721.2743.241.667.025.6

49.238.1

20,089

19,9151,293

6.306.256.825.22

7.52

700, 2127, 554

248,6883,310

193] 1403 19216.07

76.5780.0762.86

41.3542.32

64.62

73.62

22.7175.4

102.0055. 52

269, 58561,000

40,94832, 6248,324

31,35426,1215,233

6.388.275.055.636.56

5.69

3.55

.45

561, 279136,850

100,30011,5002,600

424, 429

130,607124,823

5,784

1,006. 2923.32

1.094.32

.771.662.19

.86

65 021.627.4

60.0997.2022.9747.548.863.526.3

47.237.8

52,901

26, 8151,294

5.585.246.835.12

7.32

»Revised t Revised series. For earlier data see p. 19 of the April 1933 issue. * New series. See p. 20 of the June 1933 issue for earlier data.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 36: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

34 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FOREIGN TRADE

INDEXESValue:

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.

VALUE f

Exports, incl. reexports... thous. of dolls.By grand divisions and countries:

Africa .thous. of dolls.Asia and Oceania thous. of dolls.

Japan thous. of dolls.Europe thous. of dolls.

France thous. of dolls.Germany thous. of dolls.Italy - . thous. of dolls.United Kingdom thous. of dolls.

North America, northern. _thous. of dolls.Canada thous. of dolls.

North America, southern, .thous. of dolls.Mexico ...thous. of dolls.

South America thous. of dolls.Argentina thous. of dolls.Brazil thous. of dolls.Chile thous. of dolls.

By economic classes:Exports, domestic thous. of dolls.

Crude materials thous. of dolls.Raw cotton. mills, of dolls.

Foodstuffs, totaL. ___thous. of dolls.Foodstuffs, crude thous. of dolls.Foodstuffs, manuf thous. of dolls.Fruits and preparations..mills, of dolls.Meats and fats mills, of dolls.Wheat and flour ...mills, of dolls.

Manufactures, semi .thous. of dolls.Manufactures, finished thous. of dolls.

Autos and parts mills, of dolls.Gasoline mills, of dolls.Machinery mills, of dolls.

Imports, total thous. of dolls.By grand divisions and countries:

Africa thous. of dolls.Asia and Oceania thous. of dolls.

Japan thous. of dolls.Europe thous. of dolls-

France thous. of dolls.Germany ..thous. of dolls.Italy ..thous. of dolls.United Kingdom thous. of dolls.

North America, northern..thous. of dolls.Canada thous. of dolls.

North America, southern__thous. of dolls.Mexico thous. of dolls.

South America thous. of dolls -Argentina thous. of dolls.Brazil thous. of dolls.Chile thous. of dolls.

By economic classes:Crude materials thous. of dolls.Foodstuffs, crude thous. of dolls.Foodstuffs, manufactured—thous. of dolls.Manufactures, semi thous. of dolls.Manufactures, finished thous. of dolls.

303233

«32

7147

"114, 243

2,46220, 6308,267

56, 8838,077

11,4154,558

18, 78716, 73016, 43310, 3643,2747,1752,3501,813

373

111,88334,977

26113,0443,024

10,0203.84.91.0

17, 64446, 218

7.43.79.1

«106,903

1,20831, 7518,462

30,8052,7335,1133,2828,010

15, 40514,80012, 6973,586

15, 0361,3206,958

438

24,92019, 72120, 30318, 33723, 622

35373534

7475

131,899

3,64723, 7307,883

62, 2268, 5219,1273,405

23,12124,34323,96810,3012,4937,6522,7101,885

207

128,55329,849

17.719,9788,617

11,3614.54.55.5

18,24760,479

7.99.9

11.3112,276

1,76730, 6218,813

28,7212,7535,2343,1246,843

18, 21917,14914,6934,209

18,2541,5768,7041,000

28,38720,58216, 57917,23929,489

30343436

6171

114,148

2,41220,9396,635

52, 3068,8387,4992,560

18,39420,86620,4519,8182, 7587,8082,3342,641

197

109,47824, 208

13.418,0426,896

11,1463.74.45.1

14, 69252, 536

6.37.7

10.3110,280

1,65429,4508,542

25,6723,1854,9682,3915,178

18, 28317, 48514,4303,905

20,791983

8,714619

29,61920,00312,79518,46229,402

28322527

6359

106,830

3,20521,1915,707

46,0155,7056,9432,617

16, 77519,33018,9539,5362,6607,5532,7691,787

280

104, 27627,587

15.915,6165, 507

10,1094.34.42.9

14,11946,955

6.25.39.6

79, 421

1,51423,7818,581

21, 5262,2314,4641,9004,279

13,09012, 7209,0781,748

10,432488

4,494222

19,45614, 60011,66111,89421,810

29312829

6460

108, 599

2,50918,8104,927

52,9099,2198,6633,506

18, 63819, 23018,8468,3642, 5216,7782,2531,825

260

106,27029,742

18.117,3175,964

11,3525.44.03.4

12,86846, 343

5.15.69.0

91,102

1,31725,43910, 06826,3353,3895,6982,5025,194

13,53212, 74112,8702,062

11,610598

3,1841,680

22,15013,88515,34015,09124,635

35333132

9066

132,037

2,80922,1807,803

72,62810,25215,7914,774

25,72519,19618,7318,2242,3407,0002,5501,984

220

129, 53847,397

32.120,3815,860

14,5219.64.82.6

15,86945,891

4.95.89.1

98,411

1,25027, 73212,13532,3904,0236,7543,1316,421

13,17212, 50710, 6232,425

13,244804

5,532134

27,26817,32713,94114, 61925, 255

40333332

12698

153,090

3,37425,96710, 71684,81610,18415, 6715,835

32,92020, 77720, 5049,6952,9058,4623,0352,265

245

151,03560, 517

40.025,2198,614

16,60512.25.22.7

16,86748, 433

5.05.3

11.6105,499

1,41228,11010, 50536,8004,5107,1523,9006,789

14, 70113,7719,6241,942

14,8531,0116,383

156

27,20219,44514,05616,71928,076

37323232

12085

138,834

2,60927, 71713,12170,16311,15812, 5344,412

24, 75318, 82418,32610,1253,2089,3962,6353,578

234

136, 40255,326

38.519,8858,610

11, 2757.94.13.5

14, 58946,601

4.45.4

10.2104,468

2,50230,34811,73035,4224,5496,3803,9846,540

13, 78913,0218,6841,819

13,7231,1486,617

260

27,78019,15312,82116, 61528,099

35333030

11667

131, 614

2,86430,17715,60664,42110, 24110,4215,566

21,49113,64513,43710, 4122,907

10,0952,7113,397

348

128,97552,234

39.015,9614,367

11,5944.84.62.1

15, 74245,038

5.14.69.7

97,087

1,94630, 62812,32228,9673,8244,7523,6184,852

11,49311,0069,3342,285

14,7191,6366,114

145

28,73717,64310,51916, 74723,440

32313029

9773

120,630

3,05525,27211,18562, 2188,924

11,7394,443

21,30912,66412,4329,2962,6828,1252,7122,605

294

118,60042,294

29.716,1784,663

11,5154.65.92.0

15,83144,296

6.55.19.2

95,994

2,61631,0907,935

28,2263,1285,2122,9774,371

11,41910, 7449,0792,575

13, 5631,0185,816

271

27,20517,92912,81716,15421,889

27292626

7158

101,530

2,33520,1717,299

51,0997,6538,5634,058

18,73011,70311,5018,0912,1738,1312,7852,682

291

99,43831,848

20.612,8193,2449,575

3.84.51.2

13, 24241,528

6.33.88.5

83,803

1,99024, 2475,686

26,7942,9914,8732,5525,3478,5678,5298,1972,303

14,0081,1777,244

230

21,12917,86412,09713,60619,107

28282926

6759

109,032

2,63222, 6849,634

50,3217,9557,0353,986

17, 64514, 20013, 84110, 6212,9677,5731,8731,912

375

106,31029, 359

18.113,3973,5249,873

3.94.41.3

16,50747,047

6.93.99.4

94,864

1,63128, 7007,527

28,1923,0005,6122,6935,796

10,12310,05511,4903,046

14,6671,2577,056

194

23, 63318,41115,14514, 75122,924

292725

5951

•105,219

3,43117,8236,406

52, 2238,1648,9773,101

18, 23513,41813,15910, 3842,8527,7842, 5352,320

297

103,10628, 621

16.911,3102,5108,800

2.94.01.1

15, 29247,884

7.46.08.8

88,412

1,19827, 0698,055

24,4212,2074,7273,3185,095

11,14011,07811, 6782,517

12,906827

6,105409

21,13416, 55716, 27013,53720,914

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Express Operations

Operating revenue thous. of dolls..

Operating income— thous. of dolls..

Electric Street Railways

Fares, average (320 cities) cents..Passengers carried thousands..

Operating revenues thous. of dolls..

Steam Railroads

Freight carloadings (F.R.B.):Index, unadjusted 1923-25=100—

Coal 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=100..Miscellaneous 1923-25 = 100..

8,036118

8.225739, 79952,440

7,769122

8.225680, 72348,625

523924245845711056

7,124132

8.235621,00144, 650

514321218445681752

6,775136

8.219614,08145,400

534923218351681853

7,122132

8.229633,11845,114

616431258264721662

7,216130

8.212695,71248,647

7,039134

8.235677,16347,600

7,351124

8.235719, 46450,459

6,603136

8.192679,91047,384 43,656

514427247650658

54

11932 figures include final revisions. For revisions for January through March 1932 see issues of March, April, and May, 1933.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 37: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 35

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May- June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION-Continued

Steam Railroads—Continued

Freight carloadings—ContinuedIndex, adjusted 1923-25=100.

Coal 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=100.Miscellaneous 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 ..millions.

Waterway TrafficCanals:

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 tradethous. of net tons.

Foreign thous. of net tons.United States thous. of net tons.

Shipbuilding. (See Trans. Equip.)

TravelAirplane travel:

Passengers carried* number.Passenger miles flown* thous. of miles.

Hotel business:Average sale per occupied room dollars-Rooms occupied percent of total-

Foreign 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.

COMMUNICATIONS

Telephone (class A companies):Operating revenues thous. of dolls.

Station revenues thous. of dolls.Tolls, message thous. of dolls.

Operating expenses thous. of dolls.Operating income thous. of dolls.Stations in service, end of mo thousands.

Telegraphs and cables:Operating revenues thous. of dolls.

Commercial telegraph tolls.thous. of dolls.Operating expenses.. thous. of dolls.Operating income thous. of dolls.

565233289954661457

2,128318

1583

14866

66131

805553281204

245542

1,630783835

3,490

1,109

168

1191,022

576

5,1293,2591,870

2.7151

17, 428

92, 51821,733

54482624765471454

2,088•299

13751176972810778751381297

254, 741194, 27231,330207, 39311,951

19,8701.0861,425

213415

1,677662

«8781,5681,8911,037

145

112654

5,6193,4032,217

45,10511, 701

3.1253

19, 23322,1528,5772,479

30, 442

137, 23633, 578

1,2703,558

88,58360,65720, 75260,00519, 46416,373

8,9146,8678,126

52452722665371

654

1,966267

1267

10160

68214

764773387314

246, 237185,940

32, 633199,33112,653

18, 6681.1041,462

201454

1,405633905

1,9881,8161,065

147

108571

392

5,8193,7362,083

46, 63912, 514

3.1149

18,69028, 3578,3912, 586

29, 273

255,987123,179

1,3003,757

86, 72559,45120, 20358,47719,05716,109

9,1166,9978,002

725

51492421705469

949

2,422361

1373

18572

81631

872764387304

237,813179,910

32, 713191, 752

11, 597

19,0651.0511,613

214376

1,260576822

2,6381,9061,030

109

107562

367

5, 8793,8072,071

53, 75914, 775

3.0945

28, 00659, 29811, 3282,07P

15,967

502, 762133,025

1,2763,608

82,18756, 71018,56657, 29115,99115,815

7,7885,8447,918

"516

515125206857681048

2,06533811621546767628728708377261

252,102194,98731, 385189, 63128,368

20, 0461.0651,556

214528

1,349650938

3,0951,8931,162

148

100601

430

6,1914,0532,138

57, 99515,936

3.2446

54, 07057,8878, 7832,71910,163

488,562125,973

1,3233,475

82, 69055,91119,85756, 97617,04815, 592

8,6386,5457,646602

545932246854691052

2,245414

1469

14881

68124

813599324210

272,473214,599

30, 481189, 377

49, 647

22, 7061.0291,529

215478

1,347638

1,0613,8071,7681,292

127

95697

446

5,9023,7472,155

52,82914, 586

3.1648

60, 25838,3688,8563,1298,039

211, 60157, 226

1,3393, 648

82, 58856,11919,53755,18018,74315,498

8,7286,5347,521

818

576839256552691256

3,158676

2495

174117893

321,148

545314171

298,462244,07426,179

200,14763,839

26,3441.0101,231

235554

1,582723

1,0143,9242,1711,252

170

109796

534

5,3253,3052,020

38, 54811,192

3.1253

28, 05828,8547,7882,3886,133

69,45419,838

1,1583,127

83,04557,09419,09355,39018,96615,379

8,2296,2057,494

349

576640245951681057

2,195491

1964

11176

66612

756622353198

253,575203,14624,859

189, 66734,179

21, 7541.0201,156

224588

1,532682751

2,8772,0211,087

150

113763

494

5,0193,0841,936

30, 6719,102

3.1350

14,87922,1298,0312,0066,007

36, 2907,947

1,0782,902

80, 67956,35617, 57555,44417,06115, 261

7,7065,6977,425

<*104

586945225950692057

2,4876262866132837779

765647376196

246,062188,16430,202188, 20532,857

21,102.9781,380

2240

1,62258751215

2,177147

110

94776

434

4,2992,7011,598

22,8896,913

2.9847

13,25920,4618,0401,8464,838

27,3435,662

1,2483,294

81,90456,50018, 50756,17518,54015,142

8,3526,3347,010888

565640226150692057

1,9104292155106696137

610692381233

226, 555179, 23926,654181,68013, 266

19,986.9951,167

2000

1,46456000

2,2250

81799

465

4,2262,6331,594

24, 3007,854

2.9454

5,742

36,4636,226

1,1583,208

79, 72656,01117,01658, 21514,02415,015

7,3175,5297,117

*194

546545195849662051

1,9584922555101626187

598650368206

211,613168,79023, 585170,8649,855

»19,117.9771,045

1580

1,43562300

1,9830

81

72683

400

4,0502,4601,590

23,0467,633

2.9851

4,945

43,3796,496

9522,784

76,06153,96215, 51255, 55913,10214,902

6,9765,2506,605<*346

505535206945622347

1,8413661859104526248

611681362244

217, 599174, 91621, 886175, 29510, 548

»19, 3571.009997

1920

1,73872400

2,4680

92

79702

357

4,5282,8611, 667

24, 9458,070

2.8045

40, 9695,734

8722,643

78, 92554, 61518,15557, 38714, 25414, 779

8,8276,8417,0551,375

535329229953631752

2,50539717861778280316926619314237

224,877180,21222,920173, 29619, 041

19,831

212183

1,528302352696

2,289588

115

82776

456

3,3261,7821,544

29,4999,347

2.8548

9,744

66, 31311, 326

9742,880

78, 05354,11617,44255, 65314,89714, 676

7,9926,1336,655

1 Data for July, October, December 1932, and April 1933 are for 5 weeks; other months 4 weeks.* New series. Covers scheduled airlines operating in United States. Earlier data not published.«Revised. «*=deficit.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 38: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

36 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

CHEMICALS AND ALLIED PRODUCTS

CHEMICALSAlcohol:

Denatured:Consumption (disposed of)

thous. of wine gal..Production thous of wine gal_.Stocks, end of month.. _thous. of wine gal..

Ethyl:Production thous. of proof gal_.Stocks, warehoused, end of month

thous. of proof gal..Withdrawn for denaturing

thous. of proof gal..Methanol, wood distilled:

Crude:Production* gallons..Stocks, total * .gallons..

Refined:Exports gallons-Price, wholesale, N.Y dolls, per gal..Production * gallons..Shipments * .gallons-Stocks, end of month * gallons..

Methanol, synthetic:Production.... __ gallons..Shipments. gallons..Stocks, end of month gallons..

Explosives:Orders, new thous. of lb..Production thous. of lb_.Shipments thous. of lb..Stocks, end of month. thous. of lb_.

Sulphur and sulphuric acid:Sulphur, production (quarterly)..long tons..Sulphuric acid (104 plants):

Consumed in prod, of fertilizer.short tons..Price, wholesale 66°, at works

dolls, per short ton..Production. short tons..Purchases:

From fertilizer mfrs._ short tons..From others short tons.

Shipments:• To fertilizer mfrs short tons..

To others short tons..

FERTILIZERS

Consumption, Southern Statesthous. 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 STORESPine 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. (500lb.).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.).

OILS, FATS, AND ANIMALBY-PRODUCTS

Animal fats and by-products (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. oflb__

Gelatin, edible:Production thous. of lb_.Stocks, end of quarter thous. of lb_.

184,921253,499

59,621.37

95, 365105, 578348,572

366,015761,3691,715,547

14,97515, 78115,44916,033

15.50

23560,3495,98752,479

104101,08559, 5618,4313,486

22, 714

1.345

208,133

4.10110,450227,022

31,04570,934

.4732, 35967,117

5,0286,981

4,2964,8682,199

11, 578

18,490

8,244

243,089541, 533

44,378.37

71,66876,404298,704

742,826349,034,727,442

16,13916,896

17,057

30,266

15.5050,690

1,95411,974

16,17721,009

15681,6864,10576,943

6984, 78366,909

373,47012,279

1.770

86,20068,887857,096

201,628

3.0491,527350,472

30, 59792,695

.4427,41073,896

5,1515,267

3,0415, 3824,533

10, 577

19,068

8,932

135,837511,120

55,129.37

97,154119,571276,287

712, 537587,442!,852,057

14,31914,01813,79017,588

241,958

29,658

15.5044,930

2,31513,978

4,32917,938

52,00012,25536,731

11458,01838,351

6473,1547,533

1.770

61,53921,498855,535

189,752

3.1596,115366,318

29,48396,314

.4326,84170, 242

4,8275,560

178,375553,147303,339

15, 54274,726

5,2536,2035,461

11,908

20,071

9,924

111,113558,374

47,733.37

83,534117, 248242,573

793,639294,9115,351,265

14,47312,56313,91816,192

32,590

15.5045,393

7,51413,677

4,47814,242

1460,3597,63351,721

30649,98526,637

113,51418,172

1.770

69,81310,774

852,587

201,608

3.23104,904371,797

30,076104,448

.4129,72382, 532

4,8787,412

8,6798.1725,016

12,365

18,079

13,780

98,872477,538

60,123.37

150,686145,724247,535

792,641461,2993,682,607

17,60717,90318,95615,187

52,272

15.5058,345

12,4046,586

5,72024,380

4052,92615,23436,708

17257,53026,208

04,06323,650

1.633

112,91912,275

868,657

189,132

3.4199,148386,664

31,141104,990

.4227,77086,467

4,861

7,0006,6334,639

13,355

18,780

11,906

9S, 108329,507

134, 564.37

102,44892,220257,763

697.890550,8621,829,635

20,86719,55720,15214,548

194,471

53, 259

15. 5061,152

11,8464,652

7,13923,261

9764,70132,60630,005

37488,00644,817

5173,22033,534

1.220

117,17580,779853,035

231,115

3.6583,484356,985

31,155102,422

.4622,81182,364

5,0207,054

171,011474,719240,524

11, 75573,954

7,0417,2554,841

13,140

19,154

11,905

188,405253,055

79,714.37

197,534159,491295,806

571,372958,9095,442,098

22,12222, 62423,01114,213

74,813

15.5084,471

16,2249,158

10,92023,579

67,26820, 67944,204

5091,61942,831

139,50630,000

1.240

150,01847,338874,042

195,248

3.5575,153335,301

33,13296,367

.4619,36282,503

5,2028,312

6,2774,9173,468

7,391

18,020

8,011

290. 557273, 701

83,731.37

140,584195,065241,325

531,635819,251!, 154,482

19, 07420, 75320,05414,912

99,615

15.50115,684

14,70213,429

10,16522,805

6071,72413,83350,299

6585, 20648,6274,8874,88824,478

1.270

209,47613,028

979,903

227,273

3.4476,804

346,908

31,308

3,924 _ 1,30010,457 I 8,508

0 Revised.• New series. For earlier data see p. 20 of the April 1933 issue.§ Data for 1932 revised. For revision covering months of January-April 1932 see p. 36 of the June 1933 issue.

.4518,12591,212

5,45410,602

5,3284,6162,750

5,278

16,140

6,722

303,026228, 867

62,156.37

173, 636196, 786218,175

643. 598587,4063,210,674

17,99817,93017,80715,020

188,607

102,886

15.50119,350

17, 583

15,28424,363

8571,13618,18552,314

7347,95630, 760

484,8787,128

1.295

224,7947,892

1,076,520

199,202

3.0171,458332,613

29, 220100,053

.4215,97991,971

5,07013,112

149, 864570,199235,326

14,08572,856

3, 5119,107

4,5193,6141,839

6,014

14,782

5,969

312,481297,163

112,122.37

165,86059, 546324,489

352, 748512,7811,050,641

17,12917,77717, 52015,545

100,446

15.50114,618

233,286

2.8935,064295,859

31,188104, 771

.456,28384,096

4,97514,194

3,7583,9091,988

9,084

15,922

6,691

256,826281,484

62,613.37

117.23690,285351,440

324, 527625,484!,749,684

15,43716,00816,42414,935

87, 500

15.5099,825

13, 79415,002

14,64126,538

20556,1638,829

44,12814

94,31355,281

4055,956

24,968

1.295

227,15416,188

10,6259,987

14,06321,675

29859,8947,836

50,14380

90,34965,4572,5164,539

17,998

1.295

188,63131,561

1,089,429 1,066,567

186, 598

2.8930,639263,270

25,583104, 223

.452,82674,894

4,17514,399

3,9004,1472,230

8,229

16,639

7,013

'268,064'288,198

233,754.37

'124,086« 93,848'381, 678

178,232665,7022,262,214

15,43515,80414,98615,307

116,478

76,573

15.5079,328

10,3098,544

14,43919,751

I

82585,4819,48573,165

5597, 50761, 535

1065,81421,885

1.295

167,114'155,402l897,888

202,929

2.8935, 796237,350

26, 59798, 615

.466,71063,679

4,25512,387

138, 652598, 610283,313

4,93710, 751

3,6543,6822,256

9,012

19,186

6,071

»174, 201* 271,914

147,338.37

« 82,8461105, 5591358,965

425,333576, 646

'2,110,901

15,00616,00515, 50215, 711

71, 749

15.5073,900

12,22214,487

14,06523, 612

11969, 5804,23963, 621

57102, 20470,934

663,934

20, 537

1.305

158,890265, 511521,297

184, 760

3.2863, 372212, 526

24, 92686,406

.4318,17659,212

3,83110,863

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 39: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 37

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1933

M a y June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND ANIMAL BY-PRODUCTS—Continued

Animal fats and by-products—ContinuedGreases:

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: fCottonseed: t

Consumption (crush) short tons.Receipts at mills short tons.Stocks at mills, end of month_short tons.

Cottonseed cake and meal: fExports* _ ..short tons.Production... short tons.Stocks at mills, end of month.short tons.

Cottonseed oil, crude: tProduction thous. of lb.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 Re-production f thous. of lb_.Stocks, end of month f 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 bu_.Stocks, end of quarter...thous. of bu__

Price, no. 1, Minn. . . dolls, per bu__Production, crop estimate.thous. of bu_.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, perlb. .Oleomargarine:

Consumption (tax-paid withdrawals)thous. of lb-.

Price, standard, uncolored, Chicagodolls, per lb__

Production thous. of lb

2,24382, 720

24, 895

32,677

219, 02471,921

447,894

5,373100,631207,175

73, 32481, 279

.050107, 508779,447

806

524267912

1.43

17,676

10,799

.087

;,770

.073

19,578

.094

1,60762,891

10,894

8,49728,259

199,45273,877

400,375

4,96592,839

149,548

68,43685,134

1,137

.03290,331

707,439

829

364193822

1.21

«6,299

20,373

3,932

.061

7,007

.059

14,273

.09514,338

50,61780,92378,747

221,00623,527

35,1035,938

183,960

615, 6913,123

54, 231403,439

553,546704,882

49, 65611,07411,838

124,120

59,1717,181

25,725

62,35854,351

178,22914,500

112,96364,701

352,113

52,304135,516

40,45451,172

223,273986

.03370,887

672,822

511

347267902

3,5071,4541.05

7,874

20,787

3,665

65, 253.059

65,764

4,666

116,082

.061

10,945

.09512, 111

2,81561,377

13,283

23,605

90,26238,173

300,024

2,11941, 208

114,656

29, 28129, 524

931

.03847,775

628,420

103

175306763

7,480

30,536

7,610

"""."056"

3,433

.065

11,360

.091 I11,408 I

86755,978

14,482

9,62115,698

151,193119,936265,372

3,03070, 27197,481

45,53928,315

1,241

.04538,273

525,303

20

2,486519

1,565

1.01

7,087

19,372

12,960

""."655'

4,752

15,020

.09316,016

50, 04774,64069,162

276,91624,480

38,94336,722

195,886

506,3512,029

43,971418,363

538,909532, 231

42, 06716,3979,448

130,032

62,38010,42517,335

53, 01557,350

145, 33913, 004

873, 033968,757666,877

12,622256,555201,421

173,198103,100

283,7001,292

.04581,183

503,199

603

2,8451,4273,265

3,7392,6631.11

5,906

5,923

14,338

51,575.061

68,503

7,257

97,496

.074

16,211

.09517,128

5,51641,085

23,362

11,9209,442

711, 2361,258,5161,214,157

25,702319, 695308,788

218,949133,875

1,270

.040165,906581,583

437

1,5481,7002,109

1.13

3,937

22,116

11,367

4,849

.066

19,391

.09519,528

3,96150,631

25,049

11,93614,912

673,397892,1821,432,942

18,430302,815367,661

208,238147,746

1,378

.037187,047670,558

384

7291,3401,200

1.06

3,937

17,797

8,411

"~.~667"

4,007

.063

20,048

.09519,166

48,57580,05872,013

225,93226,265

36,81728,682197, 290

837,0876,35666,191798,395

575,970763,781

56,95926,77228,084

127,640

67,70112,23426,110

70,81959,847

120,92814,227

483,290381,1391,328,607

216,133366,626

151,315143,835

229,7991,519

.035133,618730,492

914

434293

1,210

4,9983,1211.09

/11,841

5,512

14,753

8,576

43,833.069

90,987

2,510

121,775

.060

18,269

.09520,142

7,40675,298

18,009

13,43428,136

419,354300,7531,211,440

21,941190,943342,565

130,699146,688

1,467

.036112,212759,730

3931,023

1.16

5,512

26, 690

8,297

""."673"

4,108

.059

22,920

.09521,023

6,62740,237

27,300

10, 70613,148

440,333198, 291

23,873198,762332,624

139,178159,060

1,274

.035113,517802,125

570

101126

1.10

5,512

22,799

6,410

""."672"

3,462

.059

15,498

.08017,246

44, 88979, 41171,894

203, 56425,020

29,74118,197181,374

660,3624,69769,913600,825

664, 447

59, 22514,85224, 571

120,207

69, 42613,49829,651

76,02861, 785

138, 55114,382

368, 336148, 382749,164

5,039167,464286,197

116, 668161,246

209,9421,408

.037107,938807,376

732

107153950

4,3651,6461.13

6,299

17, 291

8,693

39, 021.075

79, 595

4,405

141,105

.060

23,106

.07721,387

• Revised./As of Dec. 1.* A L ) KJL ±JK3\J. J..

t For revisions of the year ended July 1932, see p. 20 of the February 1933 issue.* New series. Earlier data not published.§ Data for 1932 revised. For revisions for months of January through April 1932 see p. 37 of the June 1933 issue.

2,35755,039

15,754

12, 78820,210

249,26795,100

594,997

4,564115,602221,453

80,163122, 517

1,382

.04097, 615

804,201

221

179235

1,037

1.28

20,518

9,564

" " 0 7 8

8,152

.063

18,358

.08120,439

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 40: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

38 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

CHEMICALS AND ALLIED PRODUCTS—Continued

PAINTS

Paints, varnish, and lacquer products: #Total sales (588 estab.) thous. of dolls.

Classified (315 estab.) thous. of dolls.Industrial thous. of dolls.Trade thous. of dolls.

Unclassified (273 estab.)..-thous. of dolls.Plastic, cold-water paints, and calcimines:

dollars.dollars.

_ dollars.

CalciminesPlastic paints..Cold-water paints

PYROXYLIN PRODUCTSRods:

Production* thous. of lb_Shipments*.. thous. of lb.

Sheets:Production* thous. of lb.Shipments* thous. of lb.

Tubes:Production* _ _ thous. of lb_Shipments* thous. of lb.

ROOFINGDry roofing felt:

Production _ short tons..Stocks, end of month short tons..

Prepared roofing, shipments:Total thous. squares..

Grit roll thous. squares..Shingles (all types) thous. squares..Smooth roll thous. squares..

24,98114,6604,8669,79410,321

126,68565,30967,990

85

659665

14,7794,911

1,625381508736

19, 63713,4194,6858,7346,218

93,05278,96159,870

573

13,1035,388

1,524374433717

I

14,4309,8523,7936,0594,578

75,22882,63945,281

65

541

12,1364,909

1,718396453870

16,03210,7703,8516,9195,263

102, 29964,22954,028

142126

540691

18,4744,078

2,837672707

1,457

16,80611,1983,9817,2175,608

117,73268,48548,150

155163

802941

22,7813,717

3,103764878

1,461

15,59210,6073,9976,6104,986

113,49365,52947,344

135188

9401,007

47

17,7783,706

2,573630656

1,287

13,2608,7963,5995,1974,464

129,06442, 228

144154

839818

9,4504,662

1,202271192739

10,1286,7303,2233,5073,398

65,66050,17030,756

72105

713787

7,6044,827

621141118362

11,9467,6943,5304,1644,252

60,04774,37937,214

76119

635753

5,4604,864

840191113535

12,3468,1843,4174,7674,161

75,988104,78942,320

81102

597688

2326

11,1005,146

1,694348323

1,022

14,4319,1803,3855,7955,252

99,81086,44044.159

6591

535687

1833

14,1684,959

2,731525522

1,685

20, 29513,2974,6648,6336,997

116,52388,07161,314

105132

594804

2627

16,4774,454

2,267522470

1,275

ELECTRIC POWER AND GAS

ELECTRIC POWER

Consumption, industrial, for power purposes.(See Business Indexes.)

Fuel consumed in production of electricalenergy. (See Fuels.)

Production, total t mills, of kw.-hrs._By source:

Fuels mills, of kw.-hrs._Water power.. mills, of kw.-hrs._

By type of producer:Central stations mills, of kw.-hrs..Street railways, manufacturing plants, etc.

mills, of kw.-hrs..Sales of electrical energy:

Sales to ultimate consumers, total(N.E.L.A.) mills, of kw.-hrs..

Domestic service mills, of kw.-hrs—Commercial—retail mills, of kw.-hrs-_Commercial—wholesale—mills, of kw.-hrs. _Municipal and streeting lighting

mills, of kw.-hrs._Railroads:

Electrified steam mills, of kw.-hrs..Street and interurban—mills, of kw.-hrs..

Gross revenue from sales of energy (ElectricalWorld) thous. of dolls.

Revenues from ultimate consumers(N.E.L.A.) thous. of dolls.

GASManufactured 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. ftIndustrial and commercial

millions of cu. ftRevenues from sales to consumers

thous. of dollsDomestic thous. of dolls.House heating. thous. of dolls.Industrial and commercial.thous. of dolls.

Natural gas:*Customers, total thousands.

Domestic thousands.Industrial and commercial thousands.

Sales to consumers ..millions of cu. ft.Domestic millions of cu. ft.Industrial and commercial

millions of cu: ft.Revenues, from sales to consumers

thous. of dolls.Domestic thous. of dolls.Industrial and commercial.thous. of dolls.

6,650

3,6273,023

6,230

420

5,098912

1,0072,580

179

43334

158,300

146, 308

10,3209,761

57494

31,93623, 3541,465

6,965

35,36927,9221,1186,214

5,5725,093

47761,91021,328

39,869

24,31315,3388,891

6,563

3,8762,687

6,148

415

5,022869981

2,617

156

42314

154,960

143,396

10, 2209,669

51492

30,14922,944

511

6,559

34,09327,725

4095,852

5,4935,031

46054,85613,901

40,507

20,00111,6768,261

6,547

3,8582,689

6,123

424

4,969854

1,0072,550

163

41309

152,370

140,986

10, 2129,670

45490

27,58121,158

227

6,071

31,66425,934

2085,426

5,4464,994

45048,4669,774

38,125

17,0639,4377,558

6,764

4,1792,585

6,328

436

5,045838

1,0162,617

175

42311

152,020

140, 256

10,1559,616

46485

25,60819, 519

177

5,778

29,68724,220

1635,208

5,4204,972

44648, 5498,034

39,935

16,5018,8237,600

6,752

4,3162,436

6,315

437

5,238911

1,0552,698

183

41305

159,040

145,976

10,2039,659

49488

28,21321,899

219

5,949

32,40526,727

1985,375

5,4274,980

44652, 6158,509

43,651

17,4699,2438,147

7,073

4,3512,722

6,609

464

5,326984

1,0652,653

199

45331

165,410

151,551

10,1599,606

58487

30,33522,990

794

6,372

34,01127,612

6325,650

5,4534,996

45560,00113, 541

45,283

20, 72011,6078,964

6,952

4,0872,865

6,513

439

5,4231,0761,1172,578

207

46350

169, 730

156,862

10,0389,484

62484

30,18621,3382,030

6,632

33,02225, 5961,4585,845

5,4865,020

46473, 28021,625

50,558

25,90715,46410,245

7,149

4,3772,772

6,670

479

5,3451,1311,1252,383

217

50382

171,880

157,561

10,0029,445

63486

31,82421,6413,244

6,737

34,13425,8022,2135,990

5,4995,032

46688, 71635,325

52,175

33,40721, 78411,455

6,932

3,9822,950

6,535

397

5,3731,2061,1212,343

234

49361

171,370

160, 279

9,9079,356

61482

32, 32421,9373,424

6,778

34,28825,9292,2925,945

5,4705,003

46590,04740,477

48,777

35,70924,45011,130

6,286

3,6512,635

5,922

364

5,0261,0741,0442,248

211

50348

158, 620

149,768

9,8799,328

62481

30,94920,7143,395

6,661

32,87224,6082,2895,841

5,5035,011

49186,26234,998

50,337

33,93622,25011,487

6,673

3,6643,009

6,264

409

4,8781,004

9842,221

196

55361

151,920

142,487

9,8539,305

61478

30,65520,8213,216

6,438

32,50924, 5512,1665,667

5,4704,986

48280,28933,153

46,361

30,85820,20110,530

6,451

3,3673,084

6,048

9842,423

179

53318

142,512

9,8249,279

61476

30,45921,1032,576

6,607

32,43525,0201,7875,516

5,4304,955

47373,18828,182

44,423

27,32217,5629,655

# Since March 1932 detailed figures are not strictly comparable owing to changes in firms reporting.* New series. For earlier data see p. 19 of the January 1933 issue (pyroxylin products) and p. 19 of the May 1933 issue (gas).t For revised data for year 1932 see pp. 38 and 56 of the May 1933 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 41: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CUEEENT BUSINESS 39

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August **$£*' October No™

1933

January Febru-ary March April

FOODSTUFFS AND TOBACCO

DAIRY PRODUCTSButter:

Consumption, apparent* _thous. of lb_.Price, N.Y., wholesale (92 score)dolls, perlb..Production (factory) f thous. of lb_.Receipts, 5 markets _ thous. of lb_.Stocks, cold storage, creamery, end of month

thous. of lb_.Cheese:

Consumption, apparent!- thous. of lb_.Imports. thous. of lb_.Price, No. 1 Amer. N.Y dolls, perlb-.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 milkf thous. of lb_.

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..

Consumption in oleomargarinethous. of lb_.

Production, Minn, and St. Paulthous. 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 For-eign 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:

Price, white, N .Y dolls, per 100 lb_.Production, crop estimate thous. of bu_.Shipments, car lot carloads..

GRAINS

Exports, principal grains, including flour andmeal thous. of b u . .

Barley:Exports, including malt thous. of bu__Price, no. 2, Minn dolls, per bu._Production, crop estimate thous. of bu_.Receipts, principal markets *__thous. of bu__Visible supply, end of month . . thous . of bu__

Corn:Exports, including meal thous. of bu._Grindings thous. of bu_.

No. 3, yellow (Kansas City).dolls, per bu._No. 3, white (Chicago) dolls, per b u . .

Production, crop estimate thous. of bu._Receipts, principal markets thous. of bu_.Shipments, principal markets. thous. of bu._Visible supply, end of month , . thous. of bu__

Oats:Exports, including oatmeal thous. of bu_.Price, No. 3, white, Chicago.—dolls, per bu__Production, crop estimate thous. of bu__Receipts, principal markets thous. of bu_.Visible supply, end of month- . thous . of bu._

Rice:Exports § pockets (1001b.)_.Impor ts . _ pockets (100 lb.)__Price, wholesale, head, clean, New Orleans

dolls, per lb__Production, crop estimate thous. of bu.

160,871.23

185,99465,023

34, 555

56, 7405,527

.1556,116

16,037

48,45841, 344

21,363

203,685

4822,122

4.68

2.55

8,3679,860

48,127

121,759

19211,83113,148

59014,0472,740

1,101

17,908

3,176

785.45

8,78010,809

7138,862

.39

.44

26,46416, 71838, 362

153.25

11, 79123,695

69,81620, 047

.026

166, 614.19

185,39375, 552

29,160

<* 56,7244,338

.12»53,894

38,94213,972

52,11840,461

»23,173

182,024

1,6193,812

4.75

2.57

8,86515, 246

164,421

3,512

38,606

20,715121,766

39010,35423,929

67312,0944,361

1.086

18,141

10,270

673.44

1,226* 2,317

3114,920

.34

.32

9,6076,686

'21,510

227.23

6,513a 10,266315,541

10,310

.022

131,548.17

186, 73671,712

46,7833,802

.1158,84045,71815,731

66,53153,922

22, 501

184,018

6143,037

4.55

2.45

13,85619,986

212,431

2,890

34,227

19,766119,444

22111,68126,226

8,3822,402

.837

21,996

9,810

465.35

9221,932

6534,552

.33

.30

5,3995,684

17,052

313.21

3,77810,174

261,2309,360

.023

133,068.18

159,16257,333

110,247

41,0303,342

.1246,77835,92416,492

76, 32763,667

16,692

153,876

6562,687

4.75

2.33

12,63421,447

225,897

2,781

25,887

20,017121,116

31010,96027,918

8,0461,532

1.073

15,704

6,740

812.31

8881,812

3814,552

.35

.32

7,319•9,10011,716

447.18

7,93713,307

234,0322,358

148,538.20

143,76352,082

107, 259

45, 2431,079

.1444, 53433, 50314,856

79,84766, 721

21,403

134, 727

5422,725

4.72

2.25

12,30820,537

190,912

3,792

22,381

19,799118,806

31611,31224,918

'I'm

5,9481,419

.921

~8~277

8,524

995.31

6,0374,616

6975,165

.33

.32

14,3005,280

15,065

1,218.17

22,44627,259

134,4632,378

.020

141,715.21

124,01243,022

89,490

44,8854,665

.1441, 56931,08912, 771

81,40668,555

16,954

113,197

5702,574

4.68

2.25

10,54118,672

176,197

4,054

21,945

18,354115,727

25610,42621,785

8,457

1,9745,6213,610

.913

12,738

6,098

1,028.32

4,6316,625

3125,981

.29

.30

19,39111,17719,545

531.17

9,71529,042

101,6765,428

.022

141,933.21

119,32739,720

66,828

45,5296,300.13

36, 51727, 58413,329

78,27466,813

17,982

104, 267

5832,833

4.68

2.25

8,33416,302

146,204

4,646

24,571

18,571113,877

17810,08920,004

23,459

8,8276,6943,371

.910

14,230

8,176

1,244.29

3,2727,151

1,9155,856

.24

.25

24,51612,44428,252

566.15

5,42128,532

163,3476,287

.021

138, 524.23

108,92740,714

37,207

41,4326,609.13

30, 56421,88012, 505

73,91662,392

13,141

90,020

5222,601

4.68

2.25

7,50514,673

139,957

4,485

26,727

17,589107,768

2918,98218,505

10,666

9,81111,0222,084

1.061

11,704

10,075

1,353.31

2,7247,633

2,3205,569

.24

.25

12,6449,31827,534

406.15

3,18927,316

176,70421,381

.020

134,106.24

118,97943,074

22,043

41,1944,845.13

31,32123,17211,405

68, 71457,749

16, 251

99, 521

5923,036

4.68

2.56

7,42712,234

100,092

4,736

31,705

17,725108,829

22510,20718,326

/139,1566,030

8,51313,2771,657

1.254/ 356,589

11,944

5,715

940.29

/ 299,9502,9148,242

6995,167

.22

.23'2,908,045

11,5526,48630,724

525.15

'1,242,4373,74526,310

211,80220,102

.020/ 39,356

128, 678.20

124,47050,828

17,833

39,8713,070.12

31,38723, 33510, 768

63,32153,532

15,178

112,209

5063,129

4.68

2.55

6,4889,524

107,154

5,039

34,903

17,848109,567

1837,87717,473

6,278

6,70313,5662,311

1.258

16,570

4,826

1,121.26

1,7878,685

1555,758

.23

.24

12,7153,75033,793

237.15

4,35226,220

153,54931,872

.019

122,655.19

116,42044,750

11,580

40,5493,545.11

29,48021,9939,981

55,73146,992

12,715

104,658

5262,629

4.68

2.42

5,5737,831

101,085

3,988

32,457

16,364102,264

1797,78916,389

5,875

4,13812,2872,252

1.250

16,359

3,569

449.25

1,2038,496

5835,022

.22

.23

12,6413,60235,006

360.15

4,23625,434

152,02523,837

.019

129,093.18

126, 75150, 672

9,255

43, 8172,892.11

34,07326,19512, 725

48,80641, 625

14, 580

141, 090

4752,893

4.68

2.03

5,4535,935

50, 571

5,041

36, 718

18, 266112, 525

160« 9, 55614,997

4,999

2,89413,6242,431

1,257

24,481

4,172

1,113.30

1,6838,320

3715,830

.26

.26

9,8854,99136,120

582.17

4,767

166, 29128, 704

.021

133,645.21

133, 73448,072

« 9, 398

45, 2733,891.12

36, 28128,05212,728

« 43,626« 37,321

15,947

172,178

5623,290

4.68

2.19

• 6,0765,310

36,975

4,858

34,908

17,591109,550

24810, 251

° 13, 354

2,830

• 1, 56712,8132,456

1,290

~18,"665

» 2, 803

648.40

5,0558,414

1877,117

16, 62311, 77632,463

210.22

8,19122, 228

157, 23521,635

.022

* New series. For earlier data see p. 20 of the November 1932 issue (barley) and p. 19 of the June 1933 issue (butter).# Bulk evaporated milk not included since December 1931./ As of Dec. 1.• Revised.t Revised series. For earlier data see p. 19 of the April 1933 issue (American whole milk and total cheese stocks) and p. 20 of the January 1933 issue for others\ Data for 1932 revised. For revision see p. 39 of the June 1933 issue. '

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 42: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

40 SUEVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FOODSTUFFS AND TOBACCO—Continued

GBAINS—Continued

Rice—ContinuedReceipts, southern paddy, at mills

thous. of bbl. (1621b.)..Shipments to mills, total

thous. of pockets (100 lb.)._New Orleans—-thous. of pockets (1001b.)..

Stocks, domestic, end of monththous. of pockets (100 lb.)..

Rye:Exports, including flour thous. of bu__Price, No. 2, Minneapolis dolls, per bu._Production, crop estimate thous. of bu—

Receipts, principal markets*_-thous. of bu_.Visible supply, end of month* thous. of bu~

Wheat:Exports:

Wheat, including flour thous. of bu_.Wheat only thous. of bu—

Value, wheat and flour. (See ForeignTrade.)

Prices, wholesale:No. 1, Northern, Spring, Minn.

dolls, per bu_.No. 2, Red, Winter, St. Louis

dolls, per bu_.No. 2, Hard, Winter, K.C__dolls. per bu..Weighted average, 6 markets, all grades

dolls, per bu..Production, crop estimate, total

thous. of bu..Spring wheat. thous. of bu..Winter wheat thous. of bu_.

Receipts— thous. of bu..Shipments —thous. of bu..Stocks, visible supply, world.-thous. of bu..

Canada thous. of bu_.United States... thous. of bu_.

Stocks, held by mills (quarterly). thous. of bu_.

Wheat flour:Consumption (computed) thous. of bbL.Exports - thous. of bbL.Grinding of wheat thous. of bu_.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)

thous. of bbL.Offal .thous. of lb_.Operations, percent of total capacity

Stocks, total, end of month (computed)thous. of bbL.

Held by mills (quarterly)..-thous. of bbL.LIVESTOCK AND MEATS

Total meats:Consumption, apparent mills, of lb_.Exports, value of meats and fats. (See For-

eign Trade.)Production (inspected slaughter)

mills, of l b -Stocks, cold storage, end of month total

mills, of lb—Miscellaneous meats mills, of lb

Cattle and beef:Beef and veal:

Consumption, apparent thous. of lb—Exports! --- - thous. of lbPrice, wholesale:

Beef, fresh native steers, Chicagodolls, per lb—

Production, inspected slaughterthous. of lb—

Stocks, cold storage, end of monththous. of lb-.

Cattle and calves:Movement, primary markets:

Receipts thous. of animals—Slaughter, local thous. of animals..Slaughter, inspected. (See Leather and

leather products.)Shipments, total thous. of animals._

Stocker and feeder—thous. of animals._Price, wholesale, cattle, corn fed, Chicago

dolls, per 1001b—Hogs and products:

Hogs:Movement, primary markets:

Receipts. _ thous. of animals—Slaughter, local thous. of animals..Slaughter, inspected. (See Leather

and leather products.)Shipments, total thous. of animals..Stocker and feeder..thous. of animals—

Price, heavy, Chicago—dolls, per 100 lb._

628

821

54

1,650

2.52

• 30, 3745,2118,806

1,52314

.74

.73

341,01723,31017,258

196, 581118, 546

321

4.86

4.03

1,110

1,240

86151

433,0151,164

.094

430, 356

30,373

1,5581,006

534193

6.32

3,1432,412

71838

4.57

703

69880

1,825

228.39

8829,416

8,8317,284

.56

.54

. 61

15,34415,942

488,200'142,048'170,789

8,146329

35,344

4.43

3.35

7,739

8,330616,696

494,830

1,033

1,094

1,02060

369,0541,183

.119

362,834

35,655

1,397895

483

6.89

3,0502,188

85431

3.26

343

60246

1,628

.32

3449,368

8,0866,088

.49

.46

13,47311, 507

444,800138,890166,651

77,936

7,771425

35,805

4.16

3.12

7,8208,056

627,66448

4,6903,191

1,018

1,000

94055

375,2361,211

.118

369, 524

29,909

1,338875

461105

2,5451,773

91826

3.70

223

52666

1,363

259.32

3538.955

4,8413,208

.57

.47

.45

.48

41,00617,294

408,200121,005177,876

8,116347

36,023

4.02

3.10

7,828

8,473631,452

504,700

956

910

84452

354,0241,332

.142

350,521

26,719

1,291783

492149

8.61

2,1591,445

71522

4.86

421

65096

1,040

1.34

1,4589,052

5,613

.58

.63

.48

.55

40,73219,648

423, 600108, 522188,238

8,759365

41,417

4.16

3.24

9,005

9,207731,368

535,155

1,002

955

75145

364,8671,130

.144

360,441

24, 376

1,606924

656280

8.73

2,4051,658

73921

4.23

73683

1,225

1.34

1,01490

1,915

29.32

9918,700

4,2262,479

.58

.54

.48

.55

38,41021,313

497,500179,122193,931

154,037

8,734372

43,015

4.14

3.21

9,395

9,851752,259

605,9004,245

63740

404,8261,018

.143

404,123

25,909

1,689916

773390

8.96

2,5051,739

76121

4.12

5878,485

4,4222,656

.54

.51

27,23817,540

528,700224,678190,310

10,156376

42,880

3.92

3.00

9,382

10,632762,369

576,000

1,059

54437

380,576796

.136

389,873

' 36,036

1,896962

479

8.09

2,6911,830

85523

3.64

1,189

1,00497

2,177

1.31

4238,030

5,9953,714

.49

.47

.43

.49

17,58423,464

525,800231,342177,025

48339,841

3.72

2.84

8,719

9,812691,984

556,500

1,042

1,059

51335

357,250969

.124

361,405

41,029

1,543847

735377

7.00

2,7751,881

89126

3.37

713

83483

2,107

2.31

/ 39,855

610

3,5491,728

.46

.42

.46

726,831264,680462,151

13,85913,604

592,670233,592168,958

147,095

10,130387

38,007

3.74

2.85

8,323

9,517660,411

515,5004,012

1,014

1,172

62043

331,693943

.113

332,357

42,870

1,161

494210

5.77

3,1212,167

203.06

687

83867

2,013

0.33

6087,934

3,3131,793

.50

.48

12,8148,375

643,550228,647158,228

9,414324

36,949

3.80

3.00

8,077

9,178646,950

524,940

1,061

1,239

71747

371,847927

.106

365,532

39,550

1,318824

471152

5.09

3,3812,396

97529

2.94

747

750

48

2,036

1

2867,790

2,176729

.49

.49

.44

.48

7,481620,400223,439148,426

8,513308

33,133

3.71

2.75

7,216

8,781572,587

504,900

919

1,019

75146

343,608844

.105

36,015

1,136725

407129

5.16

2,6991,896

243.41

821

1,05872

1,856

1.35

546

2,105456

.53

.55

.48

.53

12,72910,246

577, 600225, 360136, 724

116,910

9,127351

40, 705

4.03

3.04

8,867

10,238709,357

535,6603,718

1,052

74942

373,6101,135

.097

370,562

33,781

1,171786

97

5.44

2,6381,921

71520

3.92

1,032

•1,10819

3.43

1,2698,006

1,754194

.63

.69

.60

.64

15,75313,421

522, 330215, 204125,934

33242,442

4.54

3.48

9,268

742,01959

1,106

78045

' 376,9131,561

.092

372, 635

«30,658

1,296829

456152

5.52

2,7982,084

71429

3.75

° Revised. »As of June 1. / As of Dec. 1.§ Data revised for 1932. For revision see p. 40 of the June 1933 issue.

• New series. For earlier data see p. 20 of the November 1932 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 43: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 41

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FOODSTUFFS AND TOBACCO—Continued

LIVESTOCK AND MEATS—Continued

Hogs and products—ContinuedPork, including lard:

Consumption, apparent thous. of lb_.Exports, total thous. of lb__

Lard thous. of lb—Prices:

Hams, smoked, Chicago.—dolls, per lb . .T OTH •.Lara:

Prime contract, N.Y dolls, per lb—Refined, Chicago* dolls, perlb. .

Production, inspected slaughter, totalthous. of lb—

Lard thous. of lb__OLOCKS, C01Q SlOiagG, 6DQ 01 IHO.

thous. of lb . .Fresh and cured.. thous. of lb._Lard _ thous. of lb—

Sheep and lambs:Lamb and mutton:

Consumption, apparent thous. of lb—Production, inspected slaughter

thous. of lb—Stocks, cold storage, end of mo.

thous. of lb—Movement, primary markets:

Receipts thous. of animalsSlaughter, local .. thous. of animals—Slaughter, inspected. (See Leather and

leather products.)Shipments, total ..—thous. of animals..

Stocker and feeder thous. of animals-Prices, wholesale:

Ewes, Chicago. dolls, per 1001b—Lambs, Chicago dolls, per 1001b—

Poultry and eggs:Eggs:

Receipts, 5 markets thous. of cases..Stocks, cold storage, end of month:

Case _ . . . . thous. of cases..Frozen thous. of lb . .

.rouitry.Receipts, 5 markets thous. of lb—Stocks, cold storage, end of mo.

thous. of lb—

TROPICAL PRODUCTSCocoa:

Imports long tons..Price spot, Accra, N.Y dolls, per lb—ompmencs, LXOIQ v_/oast anu i\igeria

long tons..Coffee:

Clearances from Brazil, total. thous. of bags..To United States thous. of bags._

Imports into United States.-thous. of bags..Price, Rio No. 7, N.Y dolls, per lb__Receipts at ports, Brazil thous. of bags-Stocks, world total, incl. interior of Brazil

thous. of bags..Visible supply, total excl. interior of Brazil

thous. of bags..United States. _ thous. of bags—

Sugar:Raw sugar:

Cuban movement:Exports long tons—ReceiDts at Cuban Dorts Ions tonsStocks, total, end of month

thous. of long tons—unitea. fotates.

Meltings, 8 ports t long tonsPrice, wholesale, 96° centrifugal, NewYork dolls, per lb_..

Receipts:From Hawaii and Pto. Rico.-long tons..Imports § long tons..

Stocks at refineries, end of mo.flong tons..

Refined sugar:Exports, including maple § long tons..Price, retail, gran., N.Y -dolls, per lb—Price, wholesale, gran., N.Y.dolls. per lb—Shipments, 2 ports „ _ . long tons..Stocks, end of month, 2 ports.. Jong tons—

Tea:Imports... thous. of lb—Price, wholesale, Formosa, fine, N.Y.

dolls, per lb—

MISCELLANEOUS PRODUCTS

Candy sales by manufacturers—thous. of dolls._"tficlrv isn.

Landings, fresh fish, principal portsthous of lbSalmon, canned, shipments cases..Stocks, total, cold storage, 15th of month

thous. of lb—

618,93156,15446,038

.121

.066

.073

750,898150,410

778,336667,955110,381

58,368

58,456

1,843

2,4021,319

1,081125

1.886.10

2,502

8,04784,358

23,123

38,096

14,801.0450

18,028

1,197625

1,187.082

1,631

5,754821

2,825

361,308

.033

185,062305, 753

426,714

3,090.049.044

76,16332,826

7,295

.175

14,193

19,646

609,27353,65741,084

.136

.043

.053

676,267137,816

923,969795,866128,103

54,868

54,847

1,018

2,4291,360

1,072100

1.505.18

1,971

5,38094,978

18,763

44,829

10, 617.0435

7,075

1,263735

1,056.084

1,564

33,456

5,751877

1] 0,74482, 586

3,155

326, 624

.026

226,859229,812

483,487

5,538.045.037

67,92346,173

4,566

.185

14,877

27,083264,107

28,622

587,48557,63445,339

.130

.044

.056

575,327124,753

854,634724, 271130,363

55,256

55,268

1,010

2,4281,338

1,087172

1.535.75

1,496

6,339100,485

20,460

36, 661

7,371.0419

8, 445

865448

1,079.081

1,229

31, 683

5,468990

134, 690111,873

2,922

386, 370

.028

160,147154, 269

433,151

5,345.045.037

179, 04092, 279

7,277

.163

12,533

24, 737378,040

34,304

551,13648, 72234,886

.131

.054

.066

509,181103,411

764,670643,052121,618

50,419

50,438

1,012

2,2401,199

1,049181

1.505.91

1,082

6,43199,112

18,476

31,471

9, 515.0447

13, 256

520227671

.079885

(t)5,292

765

190,983106,496

2,666

364, 664

.030

150,815189,193

380,430

3,713.046.040

76,64939,903

6,278

.175

9,098

26,998453,062

41,306

579,17042,81534,973

.141

.055

.069

536,291102,679

679,453578,876100,577

58,415

58,713

1,305

2,9191,447

1,457460

1.885.03

1,035

5,96092,967

21,751

30,305

7,989.0475

10,808

612301601

.085814

tt)5,152

643

291, 832141,147

2,195

352, 650

.032

141,275326,859

393,734

2,788.048.041

75,99038, 011

8,004

.175

14,076

31,8471,014,716

61,345

628,78553,50044,789

.137

.054

.066

571,476105,696

568,909498,253

70, 656

62,129

62,823

1,983

3,2391,330

1,892535

1.635.03

853

4,89584,187

24,739

36,683

20, 212.0488

9,481

79S385782

.094926

(t)4,975

596

84,87376,992

2,038

400, 486

.031

107,743220, 721

313, 670

2,526.048.042

51, 42339,327

9,405

.175

21, 255

31, 2651,098,118

59, 209

«646,52762,82753,573

.126

.048

.065

607,951112,063

467,958433,548

34,410

60,447

61,449

2,974

3,2651,340

1,900803

1.505.05

738

3,22574,314

32,140

54,989

19, 642.0428

22, 220

1,339657923

.0881,155

31,828

5,415624

114, 28276, 727

1,838

280, 791

.032

87,802151,139

256,180

3, 538.049.041

46, 07039,560

9,353

.175

21, 219

33,069501,737

63,167

«631,22947,35835,897

.118

.053

.062

643,777128,446

433,644403,898

29,766

53,421

53,366

2,904

2,2031,107

1,145501

1.565.17

605

1,19964,150

73,950

91,118

19, 730.0408

34,486

894390935

.0821,196

31, 612

5, 287584

98, 47864, 693

1,653

232,828

.030

46, 544139,146

193,899

2,969.049.042

77, 39066, 431

10, 364

.175

20,613

18,653281,139

62,168

631,98159,55849,919

.108

.046

.055

789,467163,864

531,938490,850

41,088

50,030

49,910

2,767

1,657919

749196

1.755.38

618

15955,339

74,866

111,642

19,873.0383

52,183

962403945

.0841, 785

31, 005

5,508562

94,10362, 549

1,535

212,808

.029

37, 213136,805

152,131

2,616.049.041

88,56971,385

9,817

.175

19, 734

14,038395,267

55.749

634,85088,71378,137

.107

.046

.052

819,244175,438

627,925575,08452,841

54,482

53,761

2,029

1,9141,083

820108

1.755.53

1,050

7546,448

30,153

104,833

25,181.0367

51, 234

1,303784911

.0831,315

29,819

5,154545

1,444

215, 768

.027

86,809170, 779

147,879

2,470.049.039

83, 87659, 315

9,038

.175

16,104

17, 270282,104

45, 756

523,89665,76157,773

.108

.042

.051

628,937131,985

667,503609,32158,182

51,720

51,400

1,683

1,7951,020

77682

1.755.44

988

16340,450

21,975

88, 675

22,853.0358

29, 577

1,117655

1,083.085

1,401

28, 956

5,286714

2,062

224,948

.028

125,149163,821

200,163

2,768.047.038

94,27865, 767

5,70

.175

15, 506

22,325631,818

•35,469

561,35658, 35147,661

.114

.048

.055

623, 747127,436

671,914610, 240

61, 674

57,790

57,939

1,818

1,8441,099

74765

1.755.38

1,639

1,83345,090

17, 879

67, 285

14, 471.0370

25, 349

1,245678

1,109.082

1,792

27, 282

5,778703

2,911

342,037

.030

170,909258,951

281,051

3,325.048.041

52, 65426,046

6,635

.175

14,852

24,158516, 749

25,855

«596, 65150,63»38,741

.116

.049

.058

677,378139,066

°702, 255630, 36071,895

"56,419

56,397

•1,77a

2,0971,152

948107

1.885.18

2,280

•4, 85762,944

18,617

•46,824

20,324.0388

17,739

1,116597922

.0781,588

5,88&735

2,882

345,677

.031

227,499308, 660

367, 545

2,854.048.042

66,77425,605

7,067

.175

°15,033

28,426

«19,335

• Revised.* New series. Earlier data not published.t For revised data for year 1932 see p. 41 of the May 1933 issue.

t Missing data not available.§ Data for 1932 revised. For revisions for full year 1932 see p. 41 of the June 1933 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 44: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

42 SURVEY OF CURRENT BUSINESS Julv 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FOODSTUFFS AND TOBACCO—Continued

Leaf:TOBACCO

Exports § thous. of lb..Imports, unmanufactured thous. of lb_.Production, crop estimate thous. of lb..Stocks, total, including imported types

(quarterly) mills, of lb..Flue-cured, fire-cured, and air-cured

mills, of lb..Cigar types mills, of lb_.

Manufactured products:Consumption (tax-paid withdrawals):

Small cigarettes millions..Large cigars thousands-Manufactured tobacco and snuff

thous. of lb_.Exports, cigarettes thousands..Prices, wholesale:

Cigarettes dolls, per 1,000..Cigars dolls, per 1,000..

20,2512,669

12,823371,373

31,838197,603

4.85146.062

30,1952,823

8,685368,553

27,810268,304

6.04249.249

30,8402,242

2,239

1,715427

10, 560400,406

30,678177,959

6.04249. 249

26,7622,421

9,534361,240

26,733195,923

6.04249.247

24,2571,695

9,559401,143

31,303204,493

6.04249.135

42,4191,614

2,095

1,606403

9,311405,419

31,693227,354

6.04248. 685

59,1032,247

8,351436,832

28,847159,743

6.04248. 685

47,1804,950

7,614419,173

28,000146,081

6.04248.685

31,8424,147

1,015,512

2,145

1,679383

7,319254,136

24,116216,297

6.04248. 685

28,40316,392

8,622296,640

27,786207,980

5.29248.685

25,7967,397

7,854287,430

24,446146,038

4.96146.062

36, 7259, 910

2,278

1,785389

7,974290, 111

27,456238,126

4.85146.062

38, 7134, 285

7,973321, 279

28,847131,016

4.85146.062

FUELS AND BY PRODUCTS

COALAnthracite:

Exports.. thous. of long tons.Prices:

Retail, composite, chestnutdolls, 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.

COKE

Exports,._ thous. of long tons.Price, furnace, Connellsville

dolls, per short ton-Production:

Beehive thous. of short tons.By-product thous. of short tons.Petroleum thous. of short tons.

Stocks, end of month:By-product plants thous. of short tons.Petroleum, refinery thous. of short tons.

PETROLEUM AND PRODUCTS

Crude petroleum:Consumption (run to stills)..-thous. of bbL.Imports thous. of bbl..Price, Kansas-Oklahoma dolls, per bbL.Production thous. of bbL.Refinery operations pet. of capacityStocks, end of month:

California:Heavy crude and fuel oil.-thous. of bbl._Light crude - thous. of bbL.

East of California, total thous. of bbL.Refineries thous. of bbL.Tank farms and pipe lines.thous. of bbl

Wells completed numberMexico:

Exports thous. of bbL.Production thous. of bbL.

Venezuela:Exports thous. of bbL.Production thous. of bbl..

Refined products:Gas and fuel oils:

Consumption:Electric power plantsf thous. of bblRailroads thous. of bbL.Vessels, bunker --thous. of bbL.

Price, fuel oil, Oklahoma, 24-26 refineriesdolls, per bbL.

31

11.25

2,9722,508

433

2,854

103722

7.39

3.497

3.41622,346

46

1.75

471,921

2,975

2,206.276

1,6241,133

2,726

.325

92

13.11

10.5153,2782,9011,906

2,588

2,2614,366

110

7.60

3.640

3.59918,384

25

2.21

451,743

159

3,6151,554

74,669

.86068,523

67

92,94042,737

319,55245,277

274, 275

1,8432,925

11,26010,648

5552,9633,243

.435

62

13.17

10.4912,5502,2272,076

52

2,284

2,3473,965

110

667

7.53

3.6243.604

17,749

26,300

53

2.13

411,537

145

3,7421,537

72,3277,865.860

64,83567

93,60540,938

316,99547,403

269,592993

2,1782,705

10,31310,579

6372,8253,714

.419

100

13.16

10.3413,0212,7782,081

2,257

2,3303,976

104

708

7.50

3.6283.569

17,857

61

2.12

381,523

153

3,9751,544

71,4551,525.860

66,31065

94,25640,405

312,13044,641

267,4891,279

1,4822,506

8,3949,551

7072,855

.400

13.28

10.5413,4653,0502,250

2,190

2,5174,057

109

858

7.52

3.6173.554

22,489

87

2.08

411,474

150

4,2211,515

67,2711,862.860

66,22061

94,89540,149

309,01143,287

265, 7241,145

1,5772,463

8,1249,430

7552,7033,066

.415

112

13.52

10.7744,1083,6642,263

60

2,303

2,5584,375

100

833

7.54

3.5963.568

26,314

27, 504

2.08

461,544

150

4,2231,484

63,9131,893.860

65,03660

95,04840,367

307,52340, 507

267,016913

1,4032,514

8,087

7802,8983,350

.425

112

13.58

10.9095,2344,7582,261

42

2,618

2,6105,096

98

1,012

7.60

3.6133.643

32,677

30,038

63

2.05

681,739

1554,0281,434

2,455.860

65, 21961

95,45739,996

305,70939,329

266,380825

1,7762,570

7,7949,171

7313,3452,916

.470

51

1.91

811,752

1473,8571,393

65,5041,963.860

63,38461

95,32240,264

301,33147,568

253,763855

1,5952,641

8,3778,767

6253,0192,763

.563

13.65

10.9215,0894,5121,732

2,729

2,6785,080

83

453

7.51

3.5823.642

31,110

29,666

27

1.88

1,786150

3,5151,330

65,9982,746.745

58,04460

95,93339,340

293,27847,902

245,376793

1,3722,961

9,1049,309

7033,0772,751

.556

67

13.61

12.2283,8073,3261,236

46

2,708

2,4924,682

59

337

7.46

3.5663.614

27,060

29,046

21

1.88

821,785

95

3,3081,236

66,0932,831.530

63,998

95,76539,297

290,40447,100

243,304639

1,5092,890

9,582

6492,8822,702

.475

22

1.81

841,639

107

2,8311,172

61,0422,369.380

61,02963

95,59039,968

289,34246,797

242,545485

1,2902,547

8,6618,834

5802,6992,779

.425

60

13.48

10. 8744,5193,866

511

32

2,554

2,3054,481

58

287

7.43

3.5493.581

23, 685

23,608

23

1.75

931,666

147

2,7031,149

67,9843,803.380

75, 30263

94, 55439,909

295, 349

246,460

1.3982,825

10,0769,945

6702,7852,813

38

13.00

10.0952,8912,461

457

2,469

2,0754,248

65

435

7.36

3.5033.416

19, 523

14

1.75

471, 656

138

2,8471,149

68,8222,910.380

65, 31367

95,34939,516

289,93348,997

240,936472

3,008

9,3409,058

6482,8092,826

.331# Price converted to short-ton basis.° Revised./ As of Dec. 1.

t For revised data for year 1932, see p. 42 of the May 1933 issue.§ Data for 1932 revised. For revisions for full year of 1932 see p. 42 of the June 1933 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 45: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SUKVEY OF CURRENT BUSINESS 43

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

FUELS AND BY PRODUCTS—Continued

PETROLEUM AND PRODUCTS—Con.

Refined products—ContinuedGas and fuel oil—Continued

Production:Residual fuel oil*.. thous. of bbl—Gas oil and distillate fuels*

thous. of bbl—Stocks:

Residual fuel oil, east of California*thous. of bbl_ .

Gas oil and distillate fuels, total*thous. of bbl-.

Gasoline:Consumption thous. of bbl—Exports thous. of bbl—Exports, value. (See Foreign Trade.)Price, wholesale:

Drums, delivered, N.Y...dolls, per gal—Refinery, Oklahoma dolls, per gal—

Price, retail, service station, 50 citiesdolls, per gal—

Production:At natural gas plants thous. of bbl—At refineries-_ thous. of bbl—

Retail distribution (41 States) tmills, of gal—

Stocks, end of month:At natural gas plants thous. of bbl—At refineries.- thous. of bbl- .

Kerosene:Consumption thous. of bbl—Exports.-- --thous. of bbl—Price, 150° water white, refinery, Pa.

dolls, per gal_.Production thous. of bbl—Stocks, end of month.... thous. of bbl—

Lubricating oil:Consumption thous. of bbl—Price, cylinder oil, refinery, Pa.

dolls, per gal—Production _ thous. of bbl- .Stocks, refinery, end of month

thous. of bblOther products:

Asphalt:Imports thous. of short tons. .Production thous. of short tonsStocks, refinery, end of month

thous. of short tonsCoke. (See Coke.)Wax:

Production thous. of l b . .Stocks, refinery, end of month

thous. of lb

1,955

.145

.026

.045

.134

20, 030

5,890

24, 237

12,396

31, 5714,418

.140

.052

.137

3,07934, 599

952

1,05445, 246

2,814858

.0524,0924,812

1,535

.1742,036

8,809

2250

414

39,760

194,973

19,105

5,207

24,807

13,477

38, 7663,369

.130

.054

.142

2,81233, 312

1,109

81238, 526

2,1281,068

.0513,5235,134

3,054

.1782,290

7,323

255

409

36,400

198,526

19, 526

5,191

26, 353

15,408

31,3172,200

.135

.051

.140

2,81233, 705

963

75738, 959

1,854

.0503,6296,033

1,011

.1801,958

7,991

234

386

31,640

202,023

17, 793

5,519

26,829

16,971

35, 2072,260

.139

.050

.137

2,81932,883

1,057

61636, 700

2,279

.0493,4976,247

951

.1771,587

7,965

1232

38,920

206,461

17,403

5,665

26, 000

17,905

33, 6452,569

.150

.046

.125

2,79330,908

997

32,806

2,5811,081

.0483,4496,018

932

.1591,648

8,182

1239

292

36,680

200,581

17,113

6,382

23,494

18,495

32, 2552,213

.144

.047

.130

2,92433, 212

975

57632, 207

3,115944

.0483,4635,465

1,143

.1081,713

8,289

1229

248

31,360

188,637

18,068

5,582

21,874

16,775

30, 2942,356

.153

.046

.130

2,85532, 072

858

47832, 720

3,621970

.0483,8014,672

1,115

.1311,644

8,245

1177

280

33,320

180,441

18,491

5,980

19,928

14,110

27,1911,830

.151

.037

.126

2,88831, 254

801

44935,404

3,149630

.0484,0974,974

1,042

.1331,625

8,375

1141

276

35,000

18,578

6,885

18,911

12,683

26,4422,251

.135

.028

2,87630, 508

768

53937,691

3,656872

.0494,3634,794

.1331,827

8,796

3102

272

36, 680

160,240

17,156

6,451

18,069

11, 549

23, 3121,729

.135

.026

19,246

6,845

17,714

11, 557

28, 2271,829

.135

.026

2,54327, 676

65135, 652

3,274615

.0483,6914,574

1,101

.1191,621

8,812

095

294

28,000

147,849

2,77127, 676

810

75235,882

2,975629

.0483,8774,827

1,143

.1131,794

8,712

3124

304

36,400

136, 785

19,145

5,751

17,230

11,390

30,1763,024

.143

.023

2,67431,921

81435,881

2,925691

.0474,0465,230

1,390

.1161,871

8,330

0152

37,800

124,927

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins§..thous. of lb—Calf and kip skins thous. of lb—Cattle hides thous. of lb—Goatskins thous. of lb—Sheep and lamb skins thous. of lb._

Livestock, inspected slaughter:Calves thous. of animals..Cattle thous. of animals—Hogs thous. of animals..Sheep thous. of animals—

Prices, wholesale:Packers, heavy native steers, Chicago

dolls, per lb—Calfskins, No. 1 country, Chicago

dolls, per lb—LEATHER

Exports:Sole leather ..thous. of lb—Upper leather§ thous. of sq. ft—

Production:Calf and kip* thous. of skins—Cattle hides* thous. of hides..Goat and kid* thous. of skins..Sheep and lamb* thous. of skins—

Prices, wholesale:Sole, oak, scoured backs (Boston)

dolls, per lb—Upper, composite, chrome, calf, black,

" B " grade dolls, per sq. ft—

LEATHER MANUFACTURES

Gloves and mittens:Production (cut), total dozen pairs—

Dress and street dozen pairs..Work _ dozen pairs..

29,2924,606

10,4323,7595,909

1235,192

.29

.281

16, 7861,8695,1386,0822,544

6163,9401,444

.043

.045

1725,481

7591,0492,9591,598

.28

.250

100,40243, 53556,867

17,3662,5754,1206,1263,081

394638

3,3201,529

.043

.046

1254,343

9341,0602,9391,623

.27

.241

104,97947,61857,361

10,1742,8671,0073,4321,760

324614

2,8021,384

.049

.049

1604,522

1,1291,0302,7241,560

.27

.238

99,80650,96548,841

8,6172,6911,2382,0091,625

362633

1,5792,970

.066

.063

1554,715

1,2321,0823,3792,170

.27

.243

156,12177,98978,132

8,5453,337985

2,1061,011

366718

3,2521,667

.081

.076

1376,162

1,1801,2722,5712,907

.28

.250

223,879104,471119,408

16,7002,8296,8714,1831,464

3,6051,601

.073

.082

1305,807

1,1261,3252,6514,002

.29

.252

294,668132,222162,446

21,7773,099

3,6775,585

376627

3,7781,388

.065

2225,748

9461,3302,8353,212

.28

.250

269,609128,020141,589

18,0462,3504,7765,3033,653

327567

4,5841,264

.055

.061

1375,276

8941,3113,2051,797

.26

.242

181,69370,608111, 085

14,7282,5913,2884,7952,127

345612

4,7001,332

.054

.066

1344,484

1,2763,4311,897

.25

.235

142,47653,15289,324

12,9161,9872,5454,266

317569

3,6471,250

.048

.061

865,071

8711,2333,3202,163

.23

.233

152,37872,10680,272

14, 2561,8163,1275,4542,090

398617

3,6021,413

.052

.066

1626,005

9201,3033,4512,123

.23

.236

166, 37583,18883,187

17, 5163,4454,4636,2221,150

426616

3,8471,409

.062

.076

1684,541

8221,1752,7701,847

.23

.241

190,893101,98788,906

• Revised.* New series. For earlier data se8 p. 29 of the February 1933 issue (gas and fuel oil) and p. 19 of the June 1933 issue (leather),t For revised figures for year 1932 see p. 43 of the May 1933 issue.§ Data revised for 1932. For revisions for full year 1932, see p. 43 of the June 1933 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 46: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

44 SUKVEY OF CURRENT BUSINESS July 193S

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES—Contd.

Shoes:Exports thous. of pairs..Prices, wholesale:

Men's black calf blucher,Boston dolls, per pair..

Men's black calf oxford, lace,St. Louis dolls, per pair..

Women's colored calf, Goodyear welt, ox-ford, average dolls, per pair..

Production, total.. thous. of pairs._Men's thous. of pairs..Boys' and youths' thous. of pairs..Women's thous. of pairs..Misses' and children's thous. of pairs. .Slippers, all types. thous. of pairs..All other footwear.. thous. of pairs..

57

5.50

3.85

3.27

84

5.75

4.25

3.5022,4975,4241,1127,5282,4692,3823,582

60

5.75

4.05

3.4323,5625,8511,1837,8842,5272,6013,516

42

5.75

3.85

3.3520,4425,1351,1817,8252,1732,2201,907

76

5.75

3.85

3.3530,7856,8221,61313,6702,5983,4262,656

58

5.75

3.85

3.3533,8857,8861,84613,6443,0234,6882,798

67

5.75

3.85

3.3533,0708,0441,99711,2133,0205,9292,867

74

5.50

3.85

3.3525,1496,9171,8105,4702,2846,4052,263

70

5.50

3.85

3.3020, 0965,3971,5135,9381,9763,2552,017

35

5.50

3.85

3.2522,7175,7631,4429,2832,4821,3682,378

41

5.50

3.85

3.2526,3846,0921,44811,3602,8791,8522,752

5.50

3.85

3.25* 28, 576« 6,837

1,532»11, 608« 3, 081«2,399

3,119

5.50-

3.85<

3.25,27,5756,2171, 60710, 6742,9852,6523,440-

LUMBER AND MANUFACTURES

LUMBER

Exports, all types* M ft.b.m.-.Retail movement:

Retail yards, Ninth Fed. Res. Dist.:Sales M ft.b.m...Stocks, end of month M ft.b.m...

Retail yards, Tenth Fed. Res. Dist.:Sales M ft.b.m...Stocks, end of month__ M ft.b.m...

Flooring

Maple, beech, and birch:Orders:

New - M ft.b.m...Unfilled, end of month M ft.b.m.-.

Production M ft.b.m...Shipments.... -M ft.b.m.-.Stocks, end of month M ft.b.m...

Oak:Orders:

New M ft.b.m..Unfilled, end of month M ft.b.m-.

Production M ft.b.m-.Shipments M ft.b.m-.Stocks, end of month _ M ft.b.m..

Hardwoods

Hardwoods (Southern and Appalachian dis-tricts):

Total:Orders:

New mill.ft.b.m--Unfilled, end of month. mill.ft.b.m..

Production mill.ft.b.m..Shipments - mill.ft.b.m-.Stocks, total, end of month..-mill.ft.b.m--

Unsold stocks mill.ft.b.m..Gum:

Orders, unfilled, end of monthmill.ft.b.m.

Stocks, total, end of month...mill.ft.b.m..Unsold stocks mill.ft.b.m.

Oak:Orders, unfilled, end of month

mill.ft.b.m.Stocks, total, end of month.-.mill.ft.b.m..

Unsold stocks mill.ft.b.m..Northern hardwoods:

Production M ft.b.m-.Shipments M ft.b.m..

SoftwoodsFir, Douglas:

Exports: §Lumber M ft.b.m..Timber M ft.b.m

Orders:Newl— M ft.b.mUnfilled, end of month M ft.b.m-.

Prices, wholesale:No. 1 common dolls, per M ft.b.m..Flooring, 1 x 4, " B " and better

dolls, per M ft.b.m-.Production! M ft.b.m..Shipmentsi M ft.b.m--

Hemlock, northern:Production M ft.b.m..Shipments M ft.b.m..

Pine, northern:Orders, new M ft.b.mProduction... M ft.b.m..Shipments M ft.b.m..

89,304

5,43058,122

2,50628,059

22, 64522, 41812,46414, 54948, 073

35, 79524, 478

229,196195,175

11.34

22.42137, 428149,962

13,0117,03511,984

78,024

5,207

1,74332,366

2,0304,1022,1792,32522,852

11,14712,44411, 68312,93952, 598

10127098109

2,6222,351

536468

67703636

2,1966,735

19, 32618,233

107,88371,176

21.7299,826112,360

8894,931

6,6897,969

73,145

6,609

1,75131,965

2,4574,3172,5982,28122,898

9,1309,35510, 33410,25351,336

902429498

2,6102,368

62546484

57699643

2,4218,490

24,6037,377

104, 75060,432

8.61

20.5088,634111, 464

1,5676,587

10,4284,40611, 788

63,917

5,86765,402

1,92231,460

2,1173,9461,2642,264

22, 216

7,1206,6836,9777,69951,143

2277186

2,5502,323

61532471

52683631

1,6836,732

19, 2218,546

106,54057,747

9.37

20.6479,68195, 797

5,412

5,0462,2345,826

55,163

6,70363,216

2,31930,247

4,0221,0672,816

20, 212

16, 50812,59911,00811,62653,067

11426559102

2,4982,234

73538466

76661585

1,5387,138

18, 27618,172

116,83681,024

8.66

20.0289,977105,645

1,3025,507

7,6053,8096,657

65, 267

6,48460,992

2,42929,294

3,1795,1021,5452,40219,145

13, 50613,35911,08711, 73953,729

15427568135

2,4172,141

75523448

76634559

11, 536

21,03514,453

153,543119,074

20.6096,244111,464

9767,097

6,8242,6286,482

79, 639

6,73058,329

2,41128,683

1,9204,7931,7182,03119, 025

10,37114, 25910, 57410,65750,418

11325668128

2,3232,066

65481416

624554

52610,968

24,80923,647

112,36076,100

8.93

21.22113,255128,923

2,4337,061

8,7923,3369,783

62,637

4,80855,911

1,78528,324

1,390

1,6241,90219,119

4,24112,9458,1365,91853,138

10124668105

2,2602,015

65460395

61608547

1,0638,729

19,08522,178

94,90181,920

8.93

20.8094,454105,645

1,5984,314

6,1391,2966,298

68,322

1,91654, 295

1,28128,105

1,5884,2691,7361,59019,413

3,23811, 7665,9264,32754,752

2524975

2,2171,965

65451

53600547

1,3966,523

23,32624,588

106,09385,053

8.97

20.6881,92082,815

1,4581,843

4,6430

5,403

70,582

1,68554, 292

1,61527,371

1,1553,4321,3591,49619, 261

4,16411,5565,5014,43355, 200

792386086

2,1661,928

52440

71614543

4,5199,351

25,72017, 720

105,645120,865

8.58

20.6193,55896, 244

2,0882,868

4,2180

4,126

49, 626

1,23754,949

1,53027, 214

1,0833,206784

1,31818,712

14,6365,7846,07455,171

90230

2,1181,888

51425374

73594521

6,6478,892

15,37917,865

97,140109,674

9.50

21.5897,587104,302

2,3053,109

4,9540

4,379

67,719

1,95256,253

1,66227, 031

1,5013,420736

1,24618,483

7,61615, 0954,9597,57352,130

2266498

2,0581,832

52411

67584517

24,87834,425

141, 457107,883

10.67

21.30105, 645119,970

5,0500

4,966

75,185.

3,67857,227

2,026.28,02$

2,4523,8991,0782,097

17, 238

9,65415, 5687, 5539, 47950,190

146247P71120

1,9821,735

59392332

563494

31, 77128,132

134, 294120,417

11.02

21.34115,046140,114

9,3521,2468,317

5 Data for July, October, December 1932 and March 1933 are for 5 weeks; other months, 4 weeks.* New series. See p. 20 of November 1932 issue for earlier data.• Revised.5 Data revised for 1932. For revisions for full year 1932 see p. 44 of the June 1933 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 47: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SUEVEY OF CURRENT BUSINESS 45

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1933

M a y June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

LUMBER AND MANUFACTURES—Continued

LUMBER—ContinuedSoftwoods—Continued

Pine, southern:Exports:

Lumber § _M ft.b.m..Timber § __M ft.b.m_.

Orders:New _ M ft.b.m..Unfilled, end of month M ft.b.m..

Price, flooring dolls, per M ft.b.m_.Production _ _M ft.b.m..Shipments _ M ft.b.m_.

Eedwood, California:Orders:

New M ft.b.m..Unfilled.. M ft.b.m..

Production _M ft.b.m..Shipments M ft.b.m..

FURNITUREHousehold:

All districts:Plant operations* percent of normal..

Grand Rapids district:Orders:

Canceled percent of new orders..New .no. of days' production..Unfilled, end of

month no. of days' production..Outstanding accounts, end of

month no. of days' sales..Plant operations f percent of normal-Shipments __no. of days' production..

Southeastern district:Orders, unfilled, end of

month dolls., average per firm..Shipments. dolls., average per firm..

Prices, wholesale:Beds _ 1926=100..Dining-room chairs, set of 6 1926=100..Kitchen cabinets 1926=100..Living-room davenports. 1926=100..

Steel furniture. (See Iron and Steel Section.)

24,9797,682

179,84392,04918.56

115, 783154,498

37.0

8.0

1824.0

62.189.574.173.6

27,2884,772

102,80261, 74019.60

100,303101,528

14,88722,15310, 70216,326

23.0

18.0

2116.0

10,21325,814

68.689.595.3

21, 6348,921

95,94743,57219.52

90, 63499,619

12,30018,45611,32914, 857

28.0

8.0

1922.0

8,82020,106

89.595.3

23,9856,173

90, 71545, 72418.35

83,23994,038

10, 79119, 3348,0579,470

24.0

4.011

10

2114.0

7

20,85020, 684

64.489.591.4

19, 2243,695

149,14979,84717.05

91, 241125,056

13,99019,94311,02312,862

26.0

6.510

10

2122.0

23, 79936,325

64.489.578.469.8

21,4605,621

134,01881,64517.86

80,181127,280

15,86623, 24710,82911,921

9.0

7.514

11

2731.012

26, 78840, 252

64.489.591.4

24, 7816,902

144,31674,95817.75

113,467154,329

15,41522,79811,10115,636

44.0

9.011

2734.012

22,40743, 665

64.489.591.469.8

20,1092,278

90,58950,18418.33

99,470107,000

12, 70821,88612,25313,451

43.0

13.0

11,04232, 549

63.989.591.4

24,4546,787

67,52944,01417.37

75,16173,690

13,63024,46012,60310,989

39.0

18.05

2533.0

9,29016, 277

63.989.591.4

20,8765,254

95,68557, 37717.80

85,49484, 271

12,15118,82414,31913,581

33.0

7.0

2422.5

20,44825,975

62.189.587.573.6

18,2325,024

75, 57555,41917.0677,79881,071

11,97318,30214,60312, 269

27.0

7.0

2019.0

7

15,28633,660

62.189.587.573.6

17,3007,684

113,04463,83817.44

87,401100,714

13,74417,49312,14714,207

18.0

13.06

1910.0

5

14, 298

62.189.574.173.6

21,4274,831

112,85467,41417.55

88,752110,019

17,96519,1139,80415,731

27.0

7.07

1914.0

17,25935,962

62.189.574.173.6

METALS AND MANUFACTURES

IRON AND STEELForeign trade, iron and steel:

Exports § long tons..Imports *... long tons..

Price, iron and steelcomposite dolls, per long ton..

Sales, iron, steel, and heavy hardwareJanuary 1921=100..

OreIron ore:

Consumption by furnacesthous. of long tons..

Imports thous. of long tons..Receipts:

Lake Erie ports and fur-naces thous. of long tons..

Other ports _ thous, of long tons..Shipments from mines-.thous. of long tons..Stocks, total, end of month

thous. of long tons..At furnaces thous. of long tons..Lake Erie docks thous. of long tons..

Manganese ore, imports (manganese content) #thous. of long tons-

Iron, Crude, and SemimanufacturesCastings, gray-iron:

Orders:New.. av. tons per foundry-Unfilled, end of month

av. tons per foundry—Production av. tons per foundry..Receipts (materials)..av. tons per foundry..Stocks (materials) av. tons per foundry-

Castings, malleable: *Orders, new short tons..Production short tons..

Percent of capacityShipments.._ short tons..

Pig iron:Furnaces in blast, end of month:

Capacity long tons per day-Number

Prices, wholesale:Basic (valley furnace)..dolls, per long ton..Composite pig iron dolls, per long ton—Foundry, no. 2, northern (Pitts.)

dolls, per long ton..Production thous. of long tons..

* 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),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.

123,16926,295

28.45

1,26621

448353901

28,31423,4074,907

2

108

6599

145254

24,67124,628

29.023,077

33,16063

14.2015.45

16.59887

80,47739,751

29.62

83

91880

3979

111

32,70027,1675,533

2

56

497785

252

16,46316, 597

19.518,075

22,96553

14.2015.05

16.59784

52,09334,487

29.54

79

73175

116105234

32,15926, 7845,375

4

50

486590

258

13,33015,018

17.316,450

18,95546

14.0014.93

16.39628

52,55818,496

29.48

72

64517

47078

640

32,05926,7615,298

3

54

445972

242

8,6589,44711.1

11,359

17,52546

13.5014.85

16.39572

32,95523,623

29.33

80

60725

61988

722

32,16426,8965,268

3

61

516583

217

7,7766,804

8.08,631

16, 22542

13.5014.81

16.39531

36,03829,241

29.32

81

69719

549172641

32,32427,0835,241

0

71

587896

231

10,58210,051

11.69,746

19,20547

13.5014.74

16.39593

41,22633,706

29.32

86

73516

614220927

32,45727, 2345,223

0

69

5278

103237

12,85012,274

14.511,615

20,17049

13.5014.73

16.39645

56,02334,924

29.12

76

69640

29957

250

32,08426,8935,191

1

56

497496

232

14,30413,622

16.012,745

20,86051

13.5014.71

16.39631

54,13929,390

28.93

65

6308

000

31,49026,3285,162

0

50

416664

221

14,50414,128

16.214,366

15,81042

13.5014.69

16.39546

56,72021,892

28.69

57

66114

000

30,81225,6805,132

0

61

496267

210

12,40412, 577

14.814,248

18,82045

13.5014.68

16.39569

63,93619,748

28.31

55

6347

000

30,15225,0475,105

0

64

496990

236

11,07713, 575

16.014,068

18,91045

13.5014.68

16.39554

80,56722,114;

28.35

54

59345

000

29,55724,4865,071

2

59

476586

246

12, 3809,75611.2

10,967

15, 58038

13.5014.68

16.39542

100,39528,061

28.16

59

77215

92883

28,84823,8794,969

75

5168

103236

F17,856' 17,871

21.016, 666

22,805

13.5014.75

16.39624

Furniture activity, all districts, not

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 48: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

46 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the* 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

METALS AND MANUFACTURES—Continued

IRON AND STEEL—ContinuedIron, Manufactured Products

Cast iron boilers and radiators:Boilers, gas-fired:

Production _ thous. of B.t.u..Shipments, quantity thous. of B.t.u._Shipments, value dollars..Stocks, end of month thous. of B.t.u..

Boilers, range:Orders:

New number of boilers..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 surfaced..Heating elements, including cabinets and

grilles.thous. of sq. ft. heating surface#—

Sanitary WareBathroom 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.... dollars-

Shipments, total dollars-Signs dollars-Table tops dollars-

Porcelain plumbing fixtures:Orders:

New, net number of pieces—Unfilled, end of month..number of pieces..

Shipments number of pieces..Stocks, end of month number of pieces..

Vitreous china plumbing fixtures:Orders:

New, net number of pieces..Unfilled, end of month..number of pieces..

Shipments... number of pieces-Stocks, end of month number of pieces. _

Woodwork, plumbers':Orders:

New, net _ number of pieces..Unfilled, end of month_.number of pieces..

Shipments number of pieces-Stocks, end of month number of pieces.

Steel: Crude and SemimanufacturedBars, steel, cold finished, shipments.sb.ort tons.Castings, steel:

Orders, new, total short tons..Railroad specialties short tons..Percent of capacity

Production, total. short tons—Railroad specialties short tons—Percent of capacity

Ingots, steel: tProduction thous. of long tons..

Percent of capacityPrices, wholesale:

Composite, finished steel dolls, per lb_.Steel billets, Bessemer (Pittsburgh)

dolls, per long ton..

92,265

35,974

34,335

1,63963, 72465,16324,151

3,2422,40326,063

12,1406,412

111,099

2,9194,191

2,1402,827

3,7542,133

33, 512

241

183.93

3,0413,4302,38111,345

296, 264307,118187, 933340, 218

20, 7553,642

1418,9913,470

13

2,00234

.0208

26.00

12,41657, 72355,874666,109

44,883

7,890

5,974

1,91643,43443,43024,694

2,3922,68537,920

5,8746,868

128,244

1,8633,189

1,5261,925

1,8572,726

38,748

71

218

33,45335, 415668,862

191. 33

519, 270216,07790, 377528,084222,80391, 527

1,4653,2891,51916,302

104,093132, 748'114,847'539, 692

92, 25469,35598,447149,500

14,406

11,1112,843

814, 2253,010

10

• 1,12520

.0217

27.00

16,82048,28160,321615,225

35,891

9,224

5,993

3,23134,96034,55725,097

1,8812,799

37, 239

6,1408,181

126,505

1,7602,908

1,2671,622

1,8942,917

37,868

103

191

29,62033,666667,842

190.97

450,013202,09887, 486475,787206, 68696, 276

1,9603,1411,78915,324

100,969118,837111, 126523,324

112, 63681, 288100,703145, 224

13,144

12,4881,971

912,5072,379

9

"91316

.0217

26.50

37,73249,40647,751613,533

26, 555

5,304

3,260

2,04432,12430,47526,746

1,6803,240

35, 794

9,1429,276

126,826

1, 4552,029

1.2741,503

1,3883,392

35,935

85

196

30, 78531, 673660, 518

192.96

349, 496148,08952,011406,066193, 27954, 218

2,0793,2401,87815,036

109,92392, 751520,194

77,24780,11278,423140, 272

13,431

9,3011,968

611,4602,609

»80715

.0217

26.00

58,78676,26579,831591,220

30,750

6,585

4,952

1,63328,79629,46926,073

2,2253,891

34, 273

9,73413,653123,174

1,6552,665

1,2291,537

1,9754,340

33,688

156

165

28,66442, 555646, 627

192. 31

366, 279131, 64475, 650

422, 290175,71583,075

3,2173,4552,99114,479

98,156109, 29798, 782

512, 697

95,23270, 669104, 675135,110

7,229

10,1471,531

712,3312,465

«847

.0217

26.00

100,73291,46581,844555,483

39,326

6,900

5,290

1,61037, 29739,01124,359

3,6486,22531,963

13,79319,113118,280

2,4263,461

1,7432,215

2, 7515,331

31,270

126

211

35,13645,811644,438

192. 57

412,119123,86194,831453,808159,400101, 582

3,6283,9803,02113, 560

77,42491, 73894,983504,039

141,73677,443134,962118,921

9,572

11,8823,337

811,3342,520

•992

.0216

26.00

87,77194,74897,193

531,238

51,073

8,320

6,917

1,40348,91249, 65323,618

6,2208,896

29,617

16,82425,845

109,730

3,1873,954

2,1282,027

4,4727,630

28,363

87

180

34,18249,410

621,195

193. 28

460,683157, 678123,484461,617146,812121,222

2,7883,7472,900

14, 580

86,72187,60191,061

486,470

94, 22678,67094,392

117, 633

12,209

11,8962,998

Q

12,5312,617

9

«1,08719

.0216

26.00

83,73158,68052,446

563,333

35,551

6,333

4,591

1,74236,92337, 53823,003

3,6394,704

28,734

11,00313,335

107,572

2,7873,019

1,8041,701

4,2994,816

27,967

48

155

25,13836, 360

613, 227

192. 43

385,718172, 933

77, 681404, 273172,467

83, 551

2,5473,4052,799

13,053

65,42683,82666,437

496,039

71,41378,15771,926

115, 330

11,934

13, 2352,918

Q

13, 7123,672

9

• 1,03218

.0215

26.00

9,20742,91141,382

521,374

27,564

8,073

5,639

2,43429,37527, 58226,195

1,8233,552

26,863

4,91810,434

101,448

1,7172,165

1,0251,115

3,2363,474

27,838

54

142

24,09523,623

612, 702

192. 63

362, 371216,93146,475

389,683232, 61155,899

1,7083,1241,833

13,838

56,68785,48057, 594

518, 245

55,36660,96772,330

111, 847

12,759

13,2832,680q

13,8862,721

10

«86115

.0214

26.00

64,98942,66238,243528,238

35,774

6,016

3,586

2,43039,99137,83128,355

2,0352,102

24, 517

6,1446,41099,032

1,4012,319

9951,375

2,5472,001

28, 250

70

24,03327,088608,851

186.40

236, 23487,15848, 685249,817101,14848, 202

1,6432,8881,44213,343

80,28379,90389, 395506,126

71,30372,68460,400112, 416

13,253

12,9423,088

913,9512,753

10

• 1,03018

.0212

26.00

48,45442,16926,543559,851

»29,801

6,247

4,146

2,10127,042

• 29,57025,827

2,2792,13324,736

7,6025,567

100,585

1,5142,161

1,0881,433

2,9921,634

29, 646

20,11933, 562593, 720

182.80

278,361102,21959,574271,694113,58250,424

1,4042,8841,39911,811

77,53176,80280, 632472,472

70,73772,65770,764112, 457

14,196

11,8572,489

812,4382,259

«1,087« 21

.0210

26.00

20,83729,00425,979554,391

36, 338

4,967

3,289

1,67838, 25137, 61825,843

1,8111,772

24, 235

6,2114,860

100,409

1,5922,228

1,1001,302

2,2311,542

30, 417

14, 31529, 698

420, 318

182.00

344, 763144, 61575,177324,114126, 67172,983

2,1042,9911,93611,490

118, 69799, 33296,167443,858

77,78171,17079, 268113,953

8,726

11,4582,784

813, 2093,285

9

°910« 16

.0210

26.00

44,68122,91820,025

583,037

39,024

8,872

7,397

1,47534, 86635,11925, 590

2,3931,79224,927

9,6134,465

105,457

1,5772,322

1,2841,586

3,0021,605

31,992

35

123

182.03

471,456191, 658121,182385,865146, 543104,820

1,6982,7761,885

11, 339

245,024198, 787145, 569391,369

97,85177, 59288, 467

106, 715

16, 624

14, 5074,692

1012,0712,806

•1,36325

.0206

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 Represents a subsequent revision for the year 1932. January 1,485; February 1,481; March 1,433; April 1,260.#In equivalent direct radiation.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 49: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 47

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

METALS AND MANUFACTURES—Continued

IRON AND STEEL—ContinuedSteel: Crude and Semimanufactured-

ContinuedPrices, wholesale—Continued

Structural-steel beams (Pittsburgh)dolls, per lb_.

Steel scrap (Chicago).dolls, per gross ton. .U.S. Steel Corporation:

Earnings, net thous. of dollsOrders, unfilled, end of month

thous. of long tons..

Steel: Manufactured ProductsBarrels, steel:

Orders, unfilled, end of month number.Production number.

Percent of capacityShipments number-Stocks, end of month number-

Boilers, steel, new orders:Area thous. of sq. ft.Quantity number of boilers.

Furniture, steel:Business group:

Orders:New thous. of dolls.Unfilled, end of month..-thous. of dolls.

Shipments thous. of dolls.Shelving:

Orders:New .thous. of dolls.Unfilled, end of month. ..thous. of dolls.

Shipments .thous. of dolls.Safes:

Orders:New ..thous. of dolls.Unfilled, end of month..-thous. of dolls.

Shipments thous. of dolls.Lock washers, shipments thous. of dolls.Plate, fabricated steel, new orders, total

short tons.Oil storage tanks short tons_

Sheets, black, blue, galvanized, and full fin-ished:

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..

M A C H I N E R Y A N D A P P A R A T U SAir-conditioning equipment:

Orders, new, total thous. of dolls..Air-washer group thous. of dolls..Fan group thous. of dolls..Unit-heater group thous. of dolls..

Electric overhead cranes:Orders:

New thous. of dolls..Unfilled, end of month thous. of dolls..

Shipments thous. of dolls..Electrical equipment. (See Nonferrous met-

als.)Electric hoists:

Orders, new:Quantity no. of hoists..Value . .dollars. .

Shipments . . .dol lars . .Exports, machinery. (See Foreign Trade.)Foundry equipment:

Orders:New 1922-24=100..Unfilled, end of month 1922-24=100..

Shipments 1922-24=100..Fuel equipment:

Oil burners:Orders:

New no. of burners . .Unfilled, end of month . . .no . of burners. .

Shipments no. of burners. .Stocks, end of month .no. of burners. .

Pulverized fuel equipment:Orders, new, central system:

Furnaces and ki lns . . .no . of pulverizers..Water-tube boilers no. of pulverizers..

Orders, new, unit system:Fire-tube boilers no. of pulverizers..Furnaces and k i lns . . .no . of pulverizers..Water-tube boilers no. of pulverizers..

.01608.45

1,930

614, 214465,418

33.9467,695

21, 773

396328

552413512

171173167

100190

16, 2432,858

144,192136, 592139,696

43.1119,159

51,295

1451,768

580106308167

25.616.824.5

3,562675

3,4137,815

.01606.40

2,177

977,857434, 092

30.0432, 45535,817

245263

634478653

152217196

120220115102

11, 7882,360

91,41485, 22896,180

25.8106, 893121, 36674,966

90,80023

73, 60018

3,061

795111414270

4739648

32,37941, 798

18.519.724.5

4,899544

4,86710,067

.01605.69

d3,363

2,035

790,623651,916

45.0654,56133,172

322328

655462672

187226177

10218014378

18,3832,808

85,19185,19585, 232

22.890,157

121,94674, 642

86,80022

83, 20021

1011,975

997267452278

6142530

11639,40943, 693

14.223.111.1

4,371473

4,44210,137

00

40

12

.01604.88

1,966

729, 669352,614

24.6353,33632,450

351331

554493522

114185155

1162078958

12,4853,661

66, 30177,43260,956

16.373,191

114,51868,450

69,20017

83, 60021

831,890

57848

332198

13422

18

4917, 37115, 685

18.725.816.5

4,688568

4,5939,850

00

007

.01605.75

1,970

617,165362,993

26.0360, 50934,934

291403

574524543

125169141

12921911843

11,9164,394

66,13281, 28357,417

15.361, 284

107, 68058, 651

78,80020

85,60021

751,797

54635

290221

37401

51

7834,62728,099

18.615.229.8

7,319647

7,2409,645

00

105

.01606.25

d 4,475

1,985

613,373395,640

28.4398, 24132,333

467443

551536578

153180146

9721410250

11,1093,753

78,92586,57089,817

23.975,490

107, 62458, 797

111, 20028

90,80023

771,430

63238

334260

6741461

6325,25933,122

11.917.610.2

11, 6211,071

11,1978,319

00

003

.01606.00

1,997

475,318422,637

30.2417,47037, 500

232379

577582622

144181142

9420010852

16, 7375,941

94, 65690, 707

108, 11128.7

92,424105,83360, 257

74,40019

86,40022

881,245

73948

360331

3122242

6926,82931,810

23.224.417.6

12,036939

12,1686,772

00

00

10

.01605.93

387,050373,190

26.7376, 64734,043

316301

577577582

139194125

9819110766

7,8731,446

66,27477,33990, 679

26.676,866

103,32160,177

51, 60013

76, 00019

821,765

67072

287311

3620943

7826,26628,772

11.822.414.5

3,920464

4,3956,935

.01605.25

d 3,828

1,968

330, 359300,570

21.6307,37227,160

156215

589551611

153142135

102

11665

9,5103,154

76,96284,39077,489

22.767.41294, 65857.413

145,60036

68,80017

801,845

55493

230231

1222029

4618,79222,102

18.613.324.7

3,371779

3,0747,812

.01605.25

1,899

275,354292,201

21.0292,60926,752

218197

552521583

106127121

841718282

11,1281,501

75,61577, 50985,337

25.979,23494,78354, 831

851,984

41162

209141

1317744

68.458.523.2

1,694646

1,8277,813

.01605.25

1,854

453,083269, 755

19.7272,43224,075

128176

449505464

117139104

112

16, 5888,347

80, 55083, 76091, 723

27.872,772

100, 68857,296

1,822

34541

186118

21189

16.160.014.6

1,956311

2,0197,534

.01605.25

d 3, 795

1,841

510, 737373, 340

27.2371,94525,470

245193

419442482

142143138

11720910659

822,013

35060

187103

19632

9.850.419.7

2,878615

2,5747,162

.01606.00

1,865

526,491401,086

29.2402, 50624,050

225235

447374405

160169134

84

11790

8,9031,270

83,29591,99364, 724

19.674, 88095, 60652,199

« 9, 5022,983

118, 594111,311111,942

34.5100,35391, 85947,815

941,662

41280

23597

39228

7

19.414.755.1

2,755526

2,8447,526

1 Revised. d Deficit for quarter. " New series. For earlier data see p. 20 of the December 1932 issue.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 50: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

48 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January **£* March April

METALS AND MANUFACTURES—Continued

MACHINERY AND APPARATUS-Con.

Fuel equipment—ContinuedStokers, mechanical, new orders:

Class 1, residential * number..Class 2, apartment and small com-

mercial * _ .number..Class 3, general commercial and small

commercial heaters * number..Class 4, large commercial: *

NumberHorsepower

Machine tools:Orders:

New 1922-24=100..Unfllled, end of month 1922-24=100._

Shipments 1922-24=100..Pumps:

Domestic, water, shipments:Pitcher, hand, and windmill units. _Power, horizontal type— units..

Measuring and dispensing, shipments:Gasoline:

Hand operated units..Power units..

Oil, grease, and other:Hand operated units..Power ..units..

Steam, power, and centrifugal:Orders:

New thous. of dolls..Unfilled, end of month...thous. of dolls..

Shipments thous. of dolls..Water-softening apparatus, shipments, .units. _Water systems, shipments units..Woodworking machinery:

Orders:Canceled _ thous. of dolls..New _ _ thous. of dolls..Unfilled, end of month thous. of dolls..

Shipments:Quantity machines..Value thous. of dolls..

NONFERROUS METALS ANDPRODUCTS

MetalsAluminum:

Imports, bauxite ..long tons..Wholesale prices:

No. 1, virgin, 98-99, N.Y dolls, per lb._Scrap, cast, N.Y dolls, per lb._

Babbitt metal:Production, total thous. of lb..

For own use.. thous. of lb_.Sales thous. of lb._

Copper:Exports, refined§ short tons..Imports, total§ short tons..

Ore and blister short tons..Price, electrolytic, N.Y ..dolls, per lb._

Gold. (See Finance.)Lead:

Ore:Receipts in U.S. ore short tons..Shipments, Joplin district short tons..

Refined:Imports short tons..Price, pig, desilverized, N.Y-.dolls. per lb_.Production... short tons..Shipments, reported._ short tons..Stocks, end of month short tons..

Silver. (See Finance.)Tin:

Consumption in manufacture of tin andterneplate * long tons..

Deliveries.. ..long tons..Imports, bars, blocks, etc long tons..Price, Straits, N.Y dolls, per lb__Stocks, end of month:

World, visible supply long tons..United States long tons..

Zinc:Ore, Joplin district:

Shipments.. short tons..Stocks, end of month short tons..

Price, slab, prime, western (St. Louis)dolls, per R^-

Production, total (primary) short tons._Retorts in operation, end of mo number..Shipments, total short tons..

Domestic short tons..Stocks, refinery, end of month...short tons..

Electrical Equipment

Conduit, nonmetallic, shipments.-thous. of f t . .Delinquent accounts, electrical trade. (See

Domestic trade.)Furnaces, electric, new orders ki lowatts . .

« Revised.• New series. For earlier data see 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.

357

19

42

9323,212

283323

30, 755496

2,4506,088

32,849497

5111,126

474215

5,605

3272290

149191

18, 345

.2290

2,111325

1,786

10,97611,1209,889.0670

2,772

20.0365

19, 40528,197

197.109

2,2604,8355,725.3591

41, 8833,036

13,86918,108

.038121,73023, 56927, 54327, 543

136, 634

2,303

688

293

33

16

6912,689

396532

19, 532527

2,9376,693

39,479675

4881,693

516286

6,209

4165248

120152

19,235

.2290

.0362

1,346398948

16,85218, 2427,110.0524

23, 5781,277

1,626.0300

25,90225,105

174, 452

1,5003,1353,725.2095

50, 5623,981

13, 46984, 581

.025318, 60520,85018,05018,050

132, 575

1,865

427

312

43

14

11325,096

377622

23, 712747

3,0806,883

36,707532

4411,559

571237

6,769

4163237

126174

16, 386

.2290

.0303

1,319461858

10, 67928,13915, 719.0515

24, 584952

5,534.0299

26,06822,295

181,044

1,6003,5403,234.1964

48,9453,759

13,99274,069

.027816, 42318, 74214,97114, 951

134, 027

1,272

1,792

432

44

46

11425,068

257627

18,680388

2,5735,619

21,965366

3911,450

493154

5,441

1162289

113114

15,844

.2290

.0300

1,276405871

7,5764,9364,936.0505

20, 939976

5, 470.0275

15,81920, 448

180,978

1,4002,2653,098.2093

49,1254,559

7,74570, 454

.025414, 71618,29512, 84112, 841

135,902

1,129

220

757

143

82

13726,056

287830

19,983412

2,4115,697

23, 752751

3871,369

437185

5,818

1139249

195173

10,809

.2290

.0300

1,320325994

8,2408,3297,881.0522

20, 333770

381.0324

17,11829,624

175,907

1,2002,5852,399.2296

47,1774,459

7,19267, 902

.027613,61114, 51416, 36016, 321

133,153

1,180

106

1,248

200

100

16629,139

296043

22, 595324

1,7314,316

28, 3051,647

4371,333

450263

5,088

2187256

114175

11,008

.2290

.0300

1,406298

1,108

15,8217,0676,277.0598

20,4211,346

5, 563.0347

20,49827, 682

173,159

1,1002,6802,668.2476

47, 7394,191

12,03264,136

.033213, 26014,91520, 63820, 618

125, 775

1,877

100

1,299

167

102

11720,819

274145

14,247334

1,8134,692

25,105972

3871,310

399217

3,999

161221

153193

11,553

.2290

.0315

1,573381

1,193

8,3186,6366,609.0573

20,7552,615

1,220.0305

21,09231,045

171,445

1,4003,1303,063.2392

47, 0484,291

24, 71551, 201

. 030315, 21717, 36919,15219,132

121,840

1,984

591

709

89

50

9113,283

324229

12,415331

1,6814,442

30,031493

3681,193

378185

3,188

5147195

134164

10,481

.2290

.0400

1,265321945

5,8394,9444,944.0513

21, 2451,990

1,113.0305

24, 46523, 065

175, 532

1,3003,2402,582.2332

47,4713,441

22, 28042,891

.030916,07819, 75315,97015,950

121,948

1,705

620

521

55

64

9818,375

364532

12,772256

1,0802,941

20,408355

3591,051

494182

2,258

11167171

159175

9,546

.2290

.0400

1,149326824

9,82610,3019,604.0481

25,4652,298

480.0300

21,17324, 089

176,157

1,3002,6453,786.2269

45, 7964,496

23,94837, 500

.031218,65321,02315, 74515, 725

124,856

1,045

334

251

24

33

6312,248

324926

17,819258

1,1442,974

14,754401

2771,012

310208

3,533

2124179

100111

10,777

.2290

.0400

1,346272

1,074

12. 5678, 7688,187.0478

22, 5801,887

200.0300

24, 61519,030

184, 693

1,3603,7252,802.2270

44, 2233,461

30,87524,515

.030219,82822, 66015, 04015, 000

129, 644

1,341

205

307

27

29

5511,113

153527

18, 303269

9653,221

14,918290

4241,103

318190

2,908

5113187

10498

11,176

.2290

.0400

1,178260918

12, 5158,0048,004.0478

22, 2991,915

2,531.0300

20, 03317,349

189, 751

1,4003,0452,262.2350

43,1602,741

22, 26218,343

.026720,07623,38915, 28015,280

134,440

1,622

247

I

252

18

22

8416, 550

132822

19,073303

1,4184,048

15, 651367

4041,066

434171

2,778

97201

6381

10,974

.2290

.0400

1,135193942

12,1398,5638,548.0501

24,0372,298

66.0315

24,68421,950

194.251

1,3103,3302,830.2434

43, 5282,281

10,97619,987

.029922, 09522,37516,15616,156

140,379

846

211

218

15

5713, 599

162720

22, 778350

1,7454,925

20,958576

4661,093

435167

3,706

2138205

82132

4,807

.2290

.0416

1,544274

1,270

10, 6447,2145,423.0540

17, 8352,552

183.0326

23,385« 25,378196,827

1,4604,5554,274.2715

42, 5412,040

19,83017,167

.033021,44922, 40519,38119,336

142,447

1,091

2,157

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 51: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 49

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

METALS AND MANUFACTURES—Continued

NONFERROUS METALS ANDPRODUCTS—Continued

Electrical Equipment—ContinuedE ectrical goods, new orders (quarterly)

thous. of dollsLaminated phenolic products, shipments

dollars..Mica, manufactured:

Orders, unfilled, end ofmonth thous. of dolls..

Shipments.. thous. of dolls..Motors (direct current):

Billings (shipments) .dollars..Orders, new _ dollars..

Panel boards and cabinets, shipmentsthous. of dolls. _

Porcelain, electrical, shipments:Special.. dollars..Standard _ dollars..

Power cables, shipments thous. of ft..Power switching equipment, new orders:

Indoor. .dollars..Outdoor dollars..

Radiators, convection type. (See Iron and steel.)Reflectors, industrial, sales. _.units_.Vacuum cleaners, shipments .number..Vulcanized fiber:

Consumption 1__thous. of lbs..Shipments _ thous, of dolls..

Welding sets, new orders:Multiple operator units..Single operator _ units..

Miscellaneous ProductsBrass and bronze (ingots and billets):

Deliveries net tons..Orders, unfilled, end of month net tons..

Brass, plumbing:Shipments * number oi pieces.

Brass sheets, wholesale price, milldolls. perlb._

Copper, wire cloth:Orders:

Make and hold-over, end of monththous. 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 auto-mobiles.)

560,582

246

23,16135, 936

32,142

1,357285

294

3,80416, 712

.122

486584381271281760

386,001

5761

219, 293203, 503

156

34,80519,488

592

17,87652,388

32, 32739,068

753216

470

1,70717,760

749,424

.123

56420093194222950

444, 588

5555

175,105169,691

188

25,47915,030

684

17,69552,695

33,16330,299

1,92018,186

748,916

.120

53520971213197949

327,913

48

191,601149,407

176

22,46815,295

646

15,47250,108

22,06121,697

494208

071

1,39717,421

604,154

.120

501253126199241

284,779

4449

163,242134,651

193

32,07419,121

22,06448,058

35,09430,088

664203

288

1,75818,790

641,498

.120

533310117281283878

75,319

375,849

4947

160,016137,704

179

37,25720.820

544

20,31645,139

37,73633.821

753255

070

2,11218,336

789,862

.124

525309103299306865

456,720

5156

129,488124,546

142

49,05122, 688

420

13,34526,216

38,45338, 000

1,047260

064

1,96917,002

837, 258

.125

503288103308276901

379,687

4665

150,283146,813

147

42, 66415, 715

343

15,34338,000

35,32736,178

903245

1,64616, 648

637,923

.125

506301115289275800

73,881

325,004

4556

186,285133,950

173

29,00711,450

282

17,70358,618

29,69938,727

948188

1101

1,49216,373

446,608

.125

507249130253227921

299, 259

4658

108,87183,679

191

20,31014,721

254

19,79942,173

27,66828,462

876204

1,26115,934

493,477

.110

487275106241257

294, 230

2950

'136, 566168, 266

146

27,89715,770

439

25,09633, 784

25,95230,106

811192

1,42114,952

585,796

.110

518257110220220863

311,439

2848

150, 571141,313

137

38,31117,188

285

10, 81236,482

25,38143,340

874187

157

1,58615,991

563,660

.110

542317118267265832

391,055

3453

128, 786118,359

157

25,72217,197

288

17,35674,979

30,22337,934

206

170

2,27416,408

.115

549281102256238845

PAPER AND PRINTING

WOOD PULPChemical:

Consumption and shipments totalshort tons.

Soda. ___ short tons.Sulphite, total short tons.

Bleached short tons.Unbleached short tons.

Sulphate __ .short tons.Other grades ..short tons.

Imports§ _ short tons..Price, wholesale, sulphite, unbleached

dolls, per 100 lbs..Production, total__ short tons.

Soda ..short tons._Sulphite, total— short tons—

Bleached short tons..Unbleached short tons.

Sulphate .short tons.Other grades short tons—

Stocks, end of month, total short tonsSoda ..short tons—Sulphite, total short tons.

Bleached short tons.Unbleached _ short tons.

Sulphate.. _ short tons.Other grades short tons.

Mechanical (ground wood):Consumption and shipments short tons..Imports _ short tons..Production _ .short tons._Stocks, end of month.. .short tons..

PAPERTotal paper, incl. box board and newsprint:

Production short tons—Percent of capacity _

Shipments... short tons—Stocks, end of month short tons—

Book paper:Orders, new:

Coated percent of normal production..Uncoated...percent of normal production..

82,176

1.53

18,084

53

151,87621,900

101,41635,67219,12228,058

50266, 555

1.58155,83022,676

102,73835, 24019,97629,652

76435,740

3,70627,0925,8146,8184,488

454

105,84213,115

112, 325109,918

505,99859

518,522420,535

137,84216,44692,87031,39417,57628,030

49671, 692

1.58147,03817,89298,68232,12421,55630,096

36838,830

4,41829,5586,5447,4524,528

98,46014,16992,452

103,911

481, 63356

499,146430,519

132,87617,28488,12029, 27617,46626,936

53661,127

1.58134,77416,192

27,48021,40829,042

558

3,89627,4124,7487,1864,646

81,14811,62673,00695,769

447,36452

505, 336408,278

151,50221,19099,40430,13822,36430,034

87473,721

1.58151, 63220,09499,64430, 54624,01231,162

73234,1843,498

26,7685,1566,9503,712

206

91,772

77,39781,394

494,56955

528,413403,472

157,20221,106

103,36834,78422,75632,076

65278,095

1.58159,02819,852

103, 58635,94023,58234,840

75032,0202,942

24,6946,3126,4844,080

304

89,43717,89674,99866,955

496,49260

551,460381,665

172,76421, 274

111, 60237,15824,59039,294

594119,612

1.58175,61021,102

111, 452

26,42442,366

69030, 5343,504

22,3786,1406,1524,252

400

92,23517,87685, 57360,294

542, 24762

574,761359,847

163,45420,572

107, 68434,97223,64634,736

462142,363

1.58164,85619,604

108,15234,90624, 23836,604

49629,1483,224

21,8466,0745,7443,644

434

98,10224,95697,64658,457

500,37958

517,611366,685

143,14016,91096,03632,46618,01029,596

598146,289

1.53144,15016,44895,03631, 55817,91631,992

67428,624

3,31820,4645,1665,2683,822

510

91,70617,40390,78057,531

462,47052

472,198363,962

43

159,26820,580

108,02243,31422,74430,040

626138,971

1.53165,18219,934

111,61041,96427,28833,080

55854, 5362,840

46,74423,11613,6024,510

442

81,3828,210

78,66552,028

454,61853

479,892349,389

163,36620,066

113,32644,50024,27429,290

68498,431

1.53162, 71018,978

112,60241,42228,00830,466

66450,1282,368

43,68020,03814,9963,658

422

76,1715,594

73,98549,842

58

78,921

1.53

9,064

62,409

1.53

7,949

4947

* New series. Data prior to October 1931 not published. § Data revised for 1932. For revisions for full year 1932 see p. 49 of the June 1933 issue. a Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 52: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

50 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary

March April

PAPER AND PRINTING—Continued

PAPEE—ContinuedBook 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 capacityShipments 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 capacityShipments short tons..Stocks, end of month short tons..

AH other grades:Production short tons..Shipments short tons..Stocks, end of month short tons..

PAPEE PRODUCTSAbrasive paper and cloth, shipments:

Domestic reams..Foreign reams.

Paper board shipping boxes:Operating time, total percent of normal.

Corrugated percent of normal.Solid fiber percent of normal.

Production, total thous. of sq. ft..Corrugated thous. of sq. ft—Solid fiber thous. of sq. ft..

Rope paper sacks shipments* 1930-31 = 100..

PEINTINGBlank forms, new orders thous. of sets..Book publication, total...number of editions..

New books number of editions..New editions number of editions..

Operations (productive capacity).—1923 ==100.Sales books:

Orders, new thous. of books—Shipments. thoas. of books..

168, 719171,776165, 52043,428

160, 773157, 314

40.0079, 51677,196

23, 560137,451

24, 290

53,1877,675

95

59,226530477

53

10, 3809,572

94,73265

112,85379,975

163,746

166,39531,391

170,38353.0

167,61181,154

168,915

27,992

151,758173,279170,642

a 52,971

152, 321175, 876

53.00*86,890* 88,126

<* 34,358182, 50731,692

26, 29452

25, 53155,906

58,06066

57, 65472, 686

68,44266, 34895, 658

41,0596,657

717365

446,455360,83885,617

76

33,34858948810177

8,4899,261

33

86,30159

109,91983,414

164,808

166,12929,802

171,09351.0

167, 72884,501

153, 663

26,145

155,896161,368164,31050,029

138, 204145,992

53.0085,39984, 255

35, 502186, 67225,361

21,97043

22,93754,934

49, 78256

50,92771, 533

67,08863, 380

100,635

37, 7357,079

646560

431,167344,51386,654

76

525450

7570

8,9148,995

44

73,70152

114,97579,494

170,656

161,77723,192

164,35250.5

169,77679,922

160,118

29,775

131,780142,491145,43147,017

131,823138,856

53.0074, 50276,857

33, 369182,725

28, 561

21,81845

23,54251,814

52,00061

53, 30070, 228

60,99166,88693,451

33, 3126,017

565948

399,160336,53062,630

95

37,259733641

92

8,3958,271

35

84,75646

116, 58578,063

163,909

182,70135,864

173,80551.5

171,48681,805

151,343

23,897

152,761157,919154,88150,029

123,873147, 669

53.0079, 52977,340

35,982188,43623,195

23,80345

24,16051,446

60,47966

59,87470,825

72,19778,96885,351

34,8355,867

48436,358371,427

64,931108

41,06160950410563

7,8799,128

83,40051

118,10076,814

196,910

205,78353,331

180,42161.4

188,10374,237

174,756

26,666

119,277150,691142,63348,062

127,425133,830

51.2570,62173,234

33,095181,61326,191

25, 79053

26, 51250, 719

60,18271

65,71964, 561

76,07879, 79280,818

39,8976,532

717657

447,032405,922

71,110115

41,252806655151

8,5758,704

60123,06072,436

228,116

199,11948,536

201,77761.6

203,93272,083

160,794

30,448

148,935157, 506157,56848,411

144,993148, 291

45.0076,73176,922

32, 790165,45929,586

27,12354

27,42149,940

68, 33377

74,96157,963

79, 29568,46574, 635

42, 2975,574

798365

508,182436,406

71, 776125

40,3961,090

912178

10,1909,082

35

87,11959

116,78477,289

197,306

163,12833,575

179,09458.1

178,18972,491

172,693

31,325

153,569161,334164,32745,461

145,889155,499

45.0081,66283,922

30, 581171, 798

28, 758

24, 54649

24,32550,156

59,14967

58, 20358,903

56,18877,265

35,4245,331

656952

409, 736345, 756

63,980112

38,36470059510567

8,4768,874

34

86,85859

115,61678, 294

155,729

152,80733,490

157, 35745.7

152,87476,173

160,600

24,370

136,993138, 682140,770

42, 337

132,761135,430

45.0080,07579,002

21,783172,27224,171

21, 23342

21,31850,063

50,00557

48,90559, 554

66,94254, 48378,095

28,1256,522

7,6459,068

44

83,90558

121,62870,778

158,458

157,245

154,49748.2

154,280

76,473

173,415

26,481

127,779140, 539133,05649,837

127,446130,917

45.0074, 35672,637

23, 502166,95424,601

25,37149

26, 56350, 099

52,05462

51,95057, 240

64,43552,83471,297

37.6484,412

586244

361,871306,447

55,424120

50,35087570716866

566239

376, 200314,084

62,116106

46,602457390

6766

9,7357,920

85,58364

119,07474,671

107,446124,788120,094

54, 515

116,30794,908

45.0067,665

23,363157,489

27, 347

25,19153

25,46848,984

49,04263

49, 23857,375

65, 28352,73172, 246

35,8786,832

606543

398,014329,13368,881

81

45,05367957610370

7,9077,653

138,005137,078140, 69450,872

123,402114, 500

45.0076, 52177,933

23,005149, 97123,691

32,4126,829

586147

380,452306,667

73, 785112

53,33776662114562

7,3998,048

113,139148,377161,040

37, 232

132,032139,213

40.00<* 74, 534o 76,085

21,171139,63727,066

40, 4685,478

657147

460,970385,117

75,853124

46, 508805637168

9,9028,570

RUBBER AND RUBBER PRODUCTS

CRUDE AND SCEAP EUBBEE

Crude:Consumption, total long tons..

For tires long tons..Imports, total, including latex§._.long tons—Price, wholesale, smoked sheets, N.Y.

dolls, per lb_.Shipments, world__ long tons..Stocks, world, end of monthf long tons..

Afloat, total long tons..For United States long tons—

London and Liverpool.- long tons..British Malaya long tons—United Statesf-- long tons..

Reclaimed rubber:Consumption long tons..Production long tons..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 1933 issue,year 1932 see p. 50 of the June 1933 issue.

38,785

26,736

.04957,000

611,00074,17754,177

101,00069,000

370, 311

5,7507,8649,065

26,86114,29334,323

.03160,929

629,11080,93663,066

116,10688, 672

343,396

4,7954,773

13,411

35,98721,62641,117

.02756,620

593,60174,08953,849

109,59768,855

341,060

5,5545,626

11,978

19,045

26,01014,71532,524

.02859, 530

579,19568,55847,368

106,17262,887

341,578

4,0545,146

11, 596

20,58212,64633,989

.03656,327

595,78274,80853,558

104,40866,134

350,432

3,4613,101

10,387

20, 69210,399

.29, 280

.03959,683

599,76178,77557,735

103,19564,321

353,470

4,1365,0439,982

16, 229

19,33710,34035,806

.03454,403

604,00869,24050,220

100, 00168,836

365,931

4,3406,2759,877

20,1579,388

29,620

.03457,976

611,30174,50554, 50596,32471,441

370,577

4,1356,2159,973

15,6317,408

32,016

.03356,700

621,07871,14751,14791,12177,024

379,000

3,1355,345

10,794

19, 512

19,92810,37630,663

.03359,000

614,85160,67440,67489,26774,590

385,354

3,5604,983

10,733

18,8259,587

22,969

.02954, 500

618,29965,12341,12392,15371,677

386,686

3,2294.303

10,936

15, 7018,179

28,475

.03056,900

622,14260,91436,91494,65867,583

395,987

2,5563,617

10, 227

14,132

22,81713, 55521,034

.03655,000617,49065, 43138,43195,15166,911389,997

3,2614,3409,484

' New series. Earlier data not published. § Data revised for 1932, for revisions for full

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 53: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 51

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

RUBBER AND RUBBER PRODUCTS—Continued

TIRES AND TUBESPneumatic 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.)

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, totalthous. of yd

Auto fabrics thous. of yd..Raincoat fabrics thous. of yd..

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 pairsTennis _ thous. of pairsWaterproof thous. of pairs..

Shipments, domestic, total.-thous. of pairs._Tennis _ thous. of pairs..Waterproof thous. of pairs..

Stocks, total, end of month—thous. of pairs..Tennis thous. of pairs..Waterproof thous. of pairs..

Rubber heels:Production thous. of pairs..Shipments, total* thous. of pairs..

Export thous. of pairs..Repair trade.. thous. of pairs..Shoe manufacturers thous. of pairs..

Stocks, end of month. .thous. of pairs..Rubber soles:

Production—- —- thous. of pairs..Shipments, total* thous. of pairs..

Export.__ -__ _--thous. of pairs..Repair trade.. thous. of pairs..Shoe manufactures thous. of pairs. _

Stocks, end of month thous. of pairs..Mechanical rubber goods, shipments:

Total _ thous. of dolls..Belting thous. of dolls..Hose thous. of dolls..Other thous. of dolls..

247

9,80819,392

467

365

3,0563,4063,3257,503

35

2,7273,0943,0357,131

12,045

187

12,50312,886

1,748197556399

4,5183,4851,0335,0494,603446

4,9664,530436

17,8796,16311,716

10, 25910, 270

2753,6516,34528, 782

2,4882,703

4151

2,5492,434

2,542420

1,131991

4,5158,2938,2123,700

11222223

4,2237,3947,3363,943

17,480

180

10,43315,333

2,243308744546

4,429

1,5314,3453,839506

4,2853,786499

17,9625,22212,741

11, 29912, 304

2663,7088,330

27, 736

2,4612,500

5133

2,3622,374

2,672526

1,0951,051

2,8931,9231,8454,962

107725

2,3501,7281,6744,780

11,707

160

9,10926,849

2,013224

1,003329

2,3211,1971,1242,9851,7781,2062,9421,7551,18717,3174,64112,676

10,141261

2,4497, 43227,397

2,4192,407

14113

2,2802,308

2,024524734766

2,4712,1242,0655,327

88725

2,1992,0021,9664,902

10,116

199

13,32128,284

2,952268

1,489434

3,5761,3752,2013,3421,2082,1343,2721,1752,09617,3584,61512, 743

11, 07314,395

1874,2609,94824,449

2,5992,660

12140

2,5082,373

2,152563785804

2,0312,4662,4114,877

724

2,0812,4782,4404,602

8,417

210

31,57722, 770

4,510301

2,719421

3,7671,1902,5774,6411,2493,3934,5891,2263,36316,4834,55611,928

14,20518,000

2975,52012,18320, 534

4,0544,353

7215

4,1312,024

1,975456706813

2,0551,4391,3855,501

677

24

1,7491,3271,2924,971

8,345

315

35,41735,306

4,918404

3,065

4,1391,0553,0845,234600

4,6345,189571

4,61815, 3885,01010,378

16, 73616, 222

2335,01210,97721,029

5,0814,792

4269

4,5192,168

2,192481844867

1,8431,3691,3065,964

523

1,6041,2631,2215,330

7,827

170

22,35338,704

3322,461307

5,0071,3853,6235,375454

4,9225,330422

4,90815,0385,9559,083

14,16213,188

1843,9669,03821,749

4,7804,420

5316

4,0992,559

1,990423709858

1,5861,4551,4056,115

75524

1,4231,3791,3485,400

5,993

138

6,82725, 759

1,772234707252

4,7821,6033,1794,813551

4,2624,773168

4,25415,0167,0168,000

12,43313, 641

2582,42310,96020,337

4,6475,265

6209

5,0502,369

1,992397780816

1,8062,0772,0115,789

7722

1,6752,0281,9894,957

7,899

189

11,57424,409

2,052221799188

3,7251,9131,8123,1561,8141,3423,1361,8011,335

15,3517,0088,343

13,14211,336

2092,433

21,808

4,2473,777

1275

3,5022,7662,060382730949

1,8711,8341,7645,902

721

1,7791,6821,6465,085

7,263

167

7,32716,330

2,146243616

3,2752,1851,0903,5372,2561,2813,5112,2451,26715,0886,9378,151

13,03010,888

2212,9097,75825, 267

4,0083,728

3362

3,3623,121

1,815352633830

1,6301,6741,6165,832

77621

1,5061,5221,4865,095

6,364

162

8,05820, 997

2,303134953307

3,2812,634647

3,3902,842548

3,3392,800539

14, 9656,7308,235

11, 22210, 761

1702,6777,91425, 549

3,9593,925235271

3,4193,302

2,018358302858

2,4992,9232,8745,419

720

2,2822,4412,4104,951

10,460

191

8,03714, 227

2411,275218

3,1722,636536

3,6723,230442

3,6373,202435

14, 4626,1358,326

10, 35312,383

2814,4417,66123, 740

3,1083,256

1

3,215

2,273371903

STONE, CLAY, AND GLASS PRODUCTS

9.25

350116169

2,860

1,580588

72606

3,877

1,4366,26627.4

6,74820, 0606,759

9.75

532208257

3,473

2,5752,469

1572,9194,897

1.3186,91330.2

8,02025,3949,922

9.75

518165263

3,387

6,6252,215

1212,5183,485

1.3537,92135.7

9,26424, 0438,877

9.69

493173223

3,288

5,8203,223

1942,0575,282

1.3577,65933.4

9,21822, 5127,889

9.30

477149258

3,196

5,9232,537

1762,5084,151

1.3887,83534.2

10,96819, 3987,175

9.25

424180228

3,177

2,2542,523

4551,8085,898

1.3888,21036.9

9,72917,8786,708

9.25

363200221

3,119

3,6502,187

3001,6684,813

1.3887,93934.6

8,74317,0846,093

9.25

351151134

3,091

8,050901

01,2314,477

1.3886,46229.1

4,78218,7885,938

9.25

3529885

3,133

5,75579882

8844,792

1.4244,248

18.52,835

20,2055,995

10.13

2923579

3,061

7,325606110

1,2334,622

1.4262,95812.9

2,50220,6246,092

9.25

3312450

3,030

4,812307

80778

4,020

1.4362,77713.4

2,27821,1256,422

9.25

3244494

2,975

3,675511

15861

3,501

1,4363,68416.1

3,51021, 298

« 6,890

BRICK #

Common brick, wholesale price, red, N.Y.dolls, per thous..

Face brick (average per plant):Orders, unfilled, end of mo.-thous. of brick..Production (machine)* .thous. of brick..Shipments... thous. of brick..Stocks, end of month* thous. of brick..

Sand-lime brick:Orders, unfilled, end of mo—thous. of brick..Production— -thous. of brick..Shipments by rail... thous. of brick__Shipments by truck thous. of brick..Stocks, end of month thous. of brick..

PORTLAND CEMENT

Price, wholesale, composite dolls, per bbl-Production thous. of bbl-

Percent of capacityShipments thous. of bbl-Stocks, finished, end of month..thous. of bbl..Stocks, clinker, end of month...thous. of bbL-

* New series. Earlier data not published on rubber heels and soles.t Adjusted for degrading and year-end physical inventories.# Census Bureau has comparative summaries for 2 months only on structural clay products.

9.25

35966

1312,911

2,77549250

7423,003

1,4364,183

18.94,949

20,5327,230

For machine production of brick see p. 20 of the June 1933 issue.

Series not comparable over 13-month period.Revised.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 54: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

52 SUEVEY OF CUKRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

STONE, CLAY, AND GLASS PRODUCTS—Continued

GLASSWARE, ETC.

Glass containers:Production thous. of gross

Percent of capacityShipments thous. of grossStocks, 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 turnsPercent of full operation __

Shipments:Total number of turns.

Percent of full operationStocks, end of month number of turns..

Plate glass, polished, production#thous. of sq. ft—

GYPSUM *

Crude (quarterly):Imports short tons..Production short tonsShipments (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 tonsPlasters, neat, wood fiber, sanded,

gaging, finish, etc short tonsFor pottery* terra cotta, plate glass,

mixing plants, etc short tonsTile, partition thous. of sq. ft

TERRA COTTA

Orders, new:Quantity short tonsValue - . . thous. of dolls..

1,69349.1

1,9695,036

7,922

1,29772

2,02763.2

1,9015,759

1,563

1,318

1,357

1,29544.7

5,152

3,154

- —

88584

1,94560.6

2,0185,695

1,239

1,301

1,423

1,20441.5

5,301

5,140

103,844374,403153, 793

298,767

35,14771, 5654,029

230,645

20,4042,266

78163

1,67753.6

1,5515,824

1,142

1,458

1,059

94532.6

5,454

2,849

2,504194

1,66049.1

1,7575,724

1,020

1,455

885

1,12238.7

5,254

1,843

1,377118

1,46246.8

2,0275,167

1,164

1,485

782

1,08737.5

5,063

3,567

173,366423,139159,160

262,812

31,43552,4413,597

202,332

19,1301,842

67262

1,75053.8

1,7745,123

1,151

1,363

1,090

1,27944.1

4,799

4,120

79088

1,50846.4

1,4225,247

1,187

1,286

1,338

1,26043.5

4,852

4,718

1,36596

1,46244.9

1,3665,343

948

1,222

1,144

1 08337.4

4,946

4,268

80,366252,89196,374

199,083

22,95141,6632,634

155,603

18, 2191,393

1,18892

1,63651.3

1,7385,244

1,043

1,219

795

98634.0

4.480

6,188

1,306° 79

1,58551.8

1,5085,325

1,049

1,280

1,010

1,00635.4

4,397

4,955

29226

1,70449.5

1,6215,406

1,379

1,327

1,008

1,26744.6

4,388

4,881

197,73061,106

168,931

18,88242,4422,073

121,490

17, 2491,406

2,333198

1,56849.2

1,6825,305

1,300

1,390

1,161

1,22643.2

4,342

4,680

1,10567

TEXTILE PRODUCTS

CLOTHINGHosiery: *

Orders:New thous. of dozen pairs.Unfilled, end of month

thous. of dozen pairs.Production thous. of dozen pairs.Shipments, net thous. of dozen pairs.Stocks, end of month..thous. of dozen pairs.

Men's and boys' garments cut:Overcoats thous. of garments-Separate trousers ..thous. of garments.Suits. _ thous. of garments-

Rubber clothing. (See Rubber products.)

COTTON

Consumption t thous. of bales..Exports:

Quantity, exclusive of lintersthous. of bales. _

Value. (See Foreign Trade.)Qinnings (total crop to end of month)

thous. of bales.Imports. thous. of bales..Prices:

To producer dolls, per lb._Wholesale, middling, N.Y dolls, per lb._

Production, crop estimate thous. of bales..Receipts into sight thous. of bales..Stocks, end of month: t

Domestic, total mills and warehousesthous. of bales. .

Mills thous. of bales..Warehouses.. thous. of bales..

World visible supply, total thous. of bales..American cotton thous. of bales..

621

592

.082

.086

705

8,7161,3957,3219,0147,042

4,326

1,9373,7544,0729,047

381,8081,074

332

501

.052

.057

350

9,0781,4637,6158,7386,680

4,264

2,0823,9144,0278,903

501,795946

323

19

.046

.053

219

8,4721,3217,1518,2056,215

3,174

2,1963,009

9,243

1391,256974

279

449

.051

.058

107

7,1981,2186,7007,7935,894

5,595

3,3604,1174,3118,818

2851,6641,480

403

452

8657

.065

.074

516

7,6381,0906,5487,6025,751

6,693

4,0435,3465,7608,492

4822,0251,734

492

734

4,8357

.072

.077

1,826

9,0561,0877,9698,2516,534

4,4136,0036,0068,154

1,9471,565

502

1,008

9,2464

.064

.066

2,928

11,0941,2679,8279,4797,783

5,145

3,6175,6805,6458,070

5541,495964

504

1,012

11,6319

.059

.062

2,748

12,1341,457

10, 67710, 5188,884

4,185

2,8774,6954,7838,251

1721,1641,077

440

1,040

12,08611

.054

.059/13,0021,571

11,8801,53010,35010,5528,878

* 3,666

* 3,0066 4,1976 3,5166 9,010

61,390b 1,450

471

794

12,41821

.056

.062

1,065

11, 5161,49510,02110,5498,759

6 3,860

6 2,8266 4,0636 4,0476 9.010

6 26761,43661,850

442

557

16

.055

.061

591

10,8221,4429,38010,1828,403

6 5,006

6 3,1096 4,4086 4,7316 8,776

6 2166 1,6766 1,745

494

12, 71013

.061

.070

561

10,2501,3438,9079,7967,977

6 5,406

6 3,8926 4,2636 4,6036 8,469

6 1226 1,844M59a

471

436

7

.061

9,52ft1,3688,1529,5607,613

# Figures for 1932 represent total industry; 1933 figures incomplete. / As of Dec. 1.* New series. For earlier data on gypsum see p. 20 of the January 1933 issue. For hosiery see p. 19 of the April 1933 issue. Earlier data on glassware not published.f For revisions for the year ended July 1932 see p. 20 of the February 1933 issue.6 Partly estimated.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 55: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 53

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

M a y

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

TEXTILE PRODUCTS—Continued

COTTON MANUFACTUBES

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:22/ls, cones, Boston dolls, perlb. .40/ls, southern, spinning dolls, per lb..

Cotton goods:Abrasive cloth, (See Paper Products.)Cotton cloth:

Exports! thous. of sq. yd..Imports.. . thous. of sq. yd..

Fiber consumption for tires. (See Rubber andRubber Products.)

Prices, wholesale:Print cloth, 64 x 60 dolls, per yd..Sheeting, brown, 4 x 4 (Trion mill)

dolls, per yd..Cotton cloth finishing:

Printed only (mills and outside):Production thous. of yd..Stocks, end of month thous. of yd..

White, dyed and printed (outside mills):Billings (finished goods) thous. of yd..Operations percent of capacity..Orders, new, gray yardage...thous. of yd..Orders, unfilled, end of mo day's prod..Shipments (finished goods) aStocks, end of month (finished goods)

Spindle activity:!Active spindles thousands..Active spindle hours, total..mills, of hours..

Average per spindle in place hours._Operations. _ percent of capacity..

BATON AND SILKRayon:

Imports thous. of lb__Price, wholesale, 150 denier, "A" grade,

N.Y dolls, per lb_.Stocks, imported, end of month.thous. of lb—

Silk:D eliveries (consumption) bales _.Imports, raw thous. of lb—Operations, machinery activity:

Broad looms percent of capacity..Narrow looms percent of capacity. _Spinning spindles percent of capacity..

Prices, wholesale:Raw, Japanese, 13-15, N. Y.-dolls, per lb—Silk goods, composite dolls, per yd—

Stocks, end of month:World, visible supply bales..United States:

At manufacturers bales—At warehouses bales..

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 yd—Worsted yarn, 2/32s, cross-bred stock, Boston

dolls, per lb—Receipts at Boston, total thous. of lb__

Domestic thous. of lb._Foreign thous. of lb—

MISCELLANEOUS PRODUCTS

Burlaps and fibers, imports:Burlaps thous. of lb—Fibers -long tons—

38,3623,0479,927

.216

.306

27,3844,808

.048

.050

•88,27881,740

55,01868

72,5653.0

34,684

15,418

24, 5718,310

268112.3

52

.55

47,1516,404

75.446.052.3

1.586.95

20, 24340,125

3,179

107

7772

.63

.29

1.395

.780

.9317,63017, 415

215

30,19220,079

26,7561,608

12,554

.162

.270

39,7573,182

.031

.040

43,86886,324

37,34037

32,1431.5

23,972

15,355

21,6334,592

14563.3

48

.65305

32,9234,474

43.239.630.4

1.231.90

236,412

26,00859,159

16,5192,832

31

231828

3025

.42

.15

1.300

.8010,94210,272

670

24,23117,095

25, 2811,556

12,473

.155

.263

29,8881,911

.031

.036

40,99371,364

36,85533

28,0901.0

21,295

14,659

20,6474,250

13457.6

51

.55347

37,4664,756

39.535.828.6

1.194.90

224,552

25, 52153,048

18,9332,697

39

181631

3034

.38

.14

1.125

.800

.7528,66528,134

531

34,23425,937

26,4751,400

11,738

.157

.255

33,8241,861

.031

.037

37,40471,624

25,53232

27,3961.1

16,073

13,347

19,7583,656

11551.5

285

.55321

38,3824,931

47.145.941.0

1.231.90

240,954

20,01150,721

26, 719

.14

1.125

.750

.7552,33950,9341,405

17,88323,886

33,5511,798

11,188

.183

.264

24,1571,166

.039

.040

64,48062,547

38,09242

2.221,802

13,285

22,0225,539

17572.4

400

.55286

59,9057,134

67.638.350.2

1.647.92

246,148

24,95152,228

41, 361693

85

192660

57

.39

.16

1.135

.750

.7642,90942, 764

145

29,93124,457

35,1082,534

10,315

.208

25,2271,155

.041

.047

87,98859,040

52,24757

58, 7882.2

26,496

14,896

23,8846,866

21894.6

502

240

59,6948,564

83.743.662.0

1.805.92

249,258

22, 25049,393

46,0551,554

106

243665

7074

.48

.23

1.175

.750

.8528, 28128,209

72

23,11425,737

30,5922,885

.196

.281

24,0101,633

.037

.046

87,95666,633

55,59462

51,4061.9

28,081

17,086

24,5887,046

22497.0

517

53,7037,331

84.546.861.9

1.673.92

246,450

22,82654,465

42,4234,468

100

.47

.22

1.175

.750

17,55616,960

596

22,40323,323

28,4742,531

10,046

.187

.271

25,3792,118

.033

.041

69,51574,850

47,95649

45,5701.1

24,748

18,684

24,3506,967

22196.9

425

.60225

43,9558,066

76.245.352.2

1.562.92

258, 280

24,33657,932

38,9635,408

82

2842

6058

.45

.21

1.175

.750

.8511,85811,136

722

31,34021,895

28,9012,131

11,099

.174

.270

30,4792,498

.033

.038

79,17581,933

37,67441

55,7861.6

19,864

14,590

23,7756,386

20387.2

285

.60226

40,5488,301

83.234.255.5

1.550.91

282,616

22,44362,837

36,5324,977

92

233358

5557

.44

.20

1.175

.750

5,9275,063

29,064' 21,344

27,3212,225

11,612

.168

.270

34,3322,625

.032

.038

88,30080,097

38,28255

52,2582.1

13,407

23,7676,788

21795.1

221

241

46,2044,988

89.737.256.8

1.305.90

256,142

23,40669, 747

35, 5105,134

.44

.20

1.175

.750

8,9787,991

987

28,86522,937

26,4592,095

12,072

.163

.270

34,2152,794

.031

.037

93,77382,272

47,50367

55,8912.7

28,156

14,919

23, 659202

95.0

351

241

32, 6653,402

80.636.848.9

1.201

239,864

22,07460,459

33, 2784,864

.43

.19

1.175

.750

9,2818,384

897

22,41317, 521

29,3261,720

11,892

.175

.276

39,4754,125

.032

.037

95,74680,446

51,14860

61,6812.1

30,339

15,768

23,4297,048

22793.9

45

.60257

38,9344,254

56.636.338.2

1.182

237, 236

20, 24340, 814

24,9434,451

55

222843

4232

.44

.19

1.175

.750

.804,6574,032

625

34,84225,118

33,4552,116

10,481

.179

.278

28,1503,510

.037

.039

74,46380,765

43,00660

58,8473.0

28,700

16,104

23,4176,569

21295.7

.55253

41,9105,660

59 242! 249.8

1.324.92

234, 523

21,15143,038

28, 7016,140

62

252942

5335

.20

1.163

.750

.836,8356,544

291

27, 28412,307

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.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 56: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

54 SURVEY OF CURRENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1932

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

TEXTILE PRODUCTS—Continued

MISCELLANEOUS PRODUCTS—Con.

Buttons and shells:Buttons:

Imports, total§ thous. of gross..From Philippines thous. of gross..

Fresh-water pearl:Production percent of capacityStocks, end of month thous. of gross

Shells, imports, total thous. of lbMother 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 monththous. of linear yd—

Pyroxylin spread thous. of lb. .Shipments, billed thous. of linear yd..

74

567549

1,176

3,288

65

32.68,139

292243

1,236561

2,447

1,8292,0942,189

7668

27.38,849233223258580

2,247

1,5781,9442,236

6558

18.08,234855235

1,053454

2,233

1,5721,4741,595

87

30.37,939751184609518

2,879

1,7851,9591,881

39.27,340271219516774

4,016

1,9962,4032,410

5047

46.37,136356285

1,063850

3,233

2,0962,2162,282

7267

45.27,194413360599731

1,688

1,7791,8551,783

7764

38.08,025

741214586605

1,275

1,6751,8621,791

49

40.07,971684677864663

1,547

2,1752,1211,956

7357

41.37,751297267

1,356656

1,498

2,1882,3742,128

7158

36.27,3253,255394

1,087619

1,473

1,9922,3332,079

7561

43.27,132200181865615

2,053

2,6352,8942,658

TRANSPORTATION EQUIPMENT

AIRPLANESProduction, total number..

Commercial (licensed) number..Military (deliveries) number _ _For export number..

AUTOMOBILESExports:

Canada:Automobiles, assembled number..

Passenger cars number..United States:

Autos and parts, value. (See ForeignTrade.)

Automobiles, assembled, total §_. number _.Passenger cars §__ number..Trucks § number..

Financing:Retail purchasers, total thous. of dolls.

New cars thous. of dolls.Used cars thous. of dolls..Unclassified thous. of dolls.

Wholesale (manufacturers to dealers)thous. of dolls.

Fire-extinguishing equipment:Shipments:

Motor-vehicle apparatus number.Hand types number—

Production:Automobiles:

Canada, total number..Passenger cars number..

United States, total number. .Passenger cars number..Taxicabs number..Trucks number..

Automobile rims thous. of rims..Registrations, new passenger cars number..Sales (General Motors Corp.):

To consumers number..To dealers, total number..

U.S. dealers number..Shipments, accessories and parts, total*

Jan. 1925=100.Accessories, original equipment

Jan. 1925=100Accessories to wholesalers—.Jan. 1925=100..Replacement parts Jan. 1925=100-Service equipment Jan. 1925=100..

RAILWAY EQUIPMENTEquipment condition:

Freight cars owned:Capacity mills, of lb—Number, total thousands..

Bad order, total number__Percent of total in bad order

Locomotives, railway:Owned:

Tractive power mills, of lb.Number, total number.^

Awaiting classified repairs...number..Percent of total

Installed number-Retired number..

Passenger cars:pn railroads (end of quarter) number.

Equipment manufacturing:Freight cars:

Orders, new, placed by railroads cars-Orders, unfilled, total cars—

Equipment manufacturers cars..Railroad shops cars..

Shipments, total cars-Domestic cars..

7,5385,0932,445

9,3968,024

218,171184, 578

5433,539

938150, 000

85,96998, 20585, 980

197,6642,088

303, 75814.7

2,41051, 65311,10321.943410

81,205

01,205

114752811

333261

5,1073,6041,503

58,43633,59123,2581,587

38,608

3815,378

8,2217,269

184, 295157, 683

7326, 539*692

131,282

63,50066,73960, 270

62

5355109

203,6572,166

230,82010.8

2,471

8,14215.555174

262,429

02,429

153153

110

768741

4,3592,9721,387

63,16938,32923,3951,445

43,682

4614,037

7,1126,308

183,106160,103

23522,768

499148,752

56,98752,56146,148

56

455711850

203,3762,163

234,31511.0

2,46753,5728,23315.854178

49,957

501,851

01,851

33

1,4931,308

4,9043,0391,865

44,71724,14919, 2251,342

26,016

3513,876

7,4726,773

109,14394,678

2714,438

339104,188

32,84936,87231,096

45

37499037

202,8072,157

245,74911.5

2,45953,2648,29116.029

338

251,572

01,572

33

101591824

1,5231,368

4,9372,8932,044

45,06924,64518,9091,516

22,104

2514, 314

4,0673,16690,32575,898

914.418

22293,457

37,23030.41924,151

35

24479440

202,1962,149

253,60811.9

2,45853,1928,39616.262133

161,404

01,404

4419

118582931

1,6541,108

5,6543,0532,601

38,83721,55115,9891,297

18,677

2715,222

2,3421,741

84,15064, 735

1319,402

19881,893

34,69430,11723,545

35

22569943

201, 5942,141

262,15312.4

2,44852,9368,87517.131287

49,310

1,2851,275

01,275

11

111

2,4162,124

4,2821,7332,549

33,62417,64415,036

943

13,132

1912,867

2,9232,36148,70235,102

513,595

23763,195

26,94110,9245,810

39

26859136

201,3262,138

268,17012.7

2,44452,7919,19017.847193

02,465

02,465

00

1,3381,163

3,1151,7621,353

27,72713,98112,834

913

11,774

1412,036

2,2041,66959,55747, 293

23912,025

45544,358

12,7805,7812,405

45

36738631

201,0552,134

265,23912.6

2,43952, 6509,31618.032173

2,3980

2,3981212

1253749

1,090833

4,9782,7572,221

27.02514,09112,174

760

20,131

2,1391,561

107,35385,858

29121, 204

559° 45,683

19,99253,94244,101

51

48547628

200,5472,127

266,06612.6

2,43552,4909,55818.536196

502,431

502,381

1514

475

10,1437,0593,084

31, 26518, 33412,152°779

30,159

3,3582,921

130,044108,321

521, 718

72779,821

50,65382,11772,274

51

464684

200,2502,123

266,59412.7

2,43252,40110,01419.431120

12,222

33

256169

8,6575,5213,136

29,17516,86011, 694«621

27, 551

3,2983,025

106,82591,340

15215,333

58069,464

42,28059,61450,212

50

45408434

198,9972,106

269,37812.9

2,42852,23710,29020.057221

1,9740

1,9741515

119444530

1,6011,558

8,0565,5282,528

• 33, 540» 19, 466» 13,327

«748

• 27,716

6,6325,927

417,949«99, 225

660«18,064

34778,741

47,43658,01845,098

41

33428732

198,6522,101

274,36813.2

2,42352,08110, 54520.641197

1,8730

1,873

1,256

8,3185,6622,656

45, 34628, 22916, 0931,023

40,912

8,2556,957

• 180, 6670 152,939

«411« 27, 317

898119,909

71,59986,96774, 242

1198,1582,095

286,98713.8

2,42252,02010, 743

21.244

105

501,561

01,561

00

• Revised.§ Data revised for 1932. For revisions for full year 1932 see p. 54 of the June 1933 issue.

* New series. Earlier data not published.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 57: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

July 1933 SURVEY OF CURRENT BUSINESS 55

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

TRANSPORTATION EQUIPMENT—Continued

RAILWAY EQUIPMENT—Continued

Equipment manufacturing—ContinuedLocomotives, industrial electric (quarterly):

Shipments, total .number..Mining use number..

Locomotives, railway:Orders, new, placed by railroads.number..Orders, unfilled, end of month-

Equipment manufacturers (Census)total number..

Domestic, total number..Electric number..Steam..- number..

Railroad shops (A.R.A.) ..number..Shipments:

Domestic, total number..Electric number..Steam number..

Exports, total § number..Electric§ number..Steam number..

Passenger cars:Orders, new, placed by railroads.number..Orders, unfilled (end of quarter).number..Shipments, total number. .

Domestic number..

ELECTRIC TRUCKS AND TRACTORS

Shipments, industrial, total number..Domestic .number..Exports. number..

SHIPBUILDING

United States:Merchant vessels under construction

thous. of gross tons..Completed during month..total gross tons..

Steel total gross tons..World (quarterly):

Launched:Number ships.Tonnage thous. of gross tons..

Under construction:Number shipsTonnage... thous. of gross tons

9,4747,246

14614012713

18626, 26022, 586

129123122

16

175

12651

04400

18010, 7827,928

84193

2241,110

120114113

1

16128, 33827,150

111105104

15

1472,697

240

9410, 2739,601

53188

192901

8722, 79519,834

1839,17936, 733

187,6985,888

58213

203766

2215,94413, 741

249,3388,531

1441, 21337, 537

232741

686867

1

12111

122,8851,578

CANADIAN STATISTICS

Business indexes: *Physical volume of business 1926=100. _

Industrial production, total 1926=100Construction 1926=100-Electric power 1926=100..Manufacturing 1926=100..

Forestry 1926=100..Mining 1926=100-

Distribution. 1926=100..Carloadings 1926=100Exports (volume)-. 1926=100Imports (volume) 1926=100..Trade employment 1926=100..

Agricultural marketings 1926= 100—Grain marketings 1926=100-Livestock marketings ..1926=100..

Commodity prices:Cost of living index 1926=100-Wholesale price index 1926=100..

Employment, total (first of month) .1926=100—Construction and maintenance...1926=100..Manufacturing 1926=100..Mining 1926=100..Service 1926=100—Trade 1926=100-Transportation 1926=100-

Finance:Banking:

Bank debits mills, of dolls..Exchange. (See Finance.)Interest rates 1926=100-

Commercial failures . numberLife insurance, sales of ordinary life (15 cos.)

thous. of dolls..Security issues and prices:

New bond issues, total thous. of dolls. _Corporation thous. of dolls..Dominion and provincial

thous. of dolls—Municipal thous. of dolls..Railways _ thous. of dolls

Bond yields percent—Common stock prices, total 1926=100-

Banks 1926=100—Industrials 1926=100-Utilities 1926=100-

77.666.977.660.876.889.999.9

108.678.9

98.1

30,497

11,173485

7,8152,873

o~"~63.~7~

64.685.847.2

79.974.631.8

131.277.471.494.494.571.259.172.9

117.884.482.891.5

81.867.787.583.285.897.9

114.7116.284.3

2,175

113.2195

30,998

24,5200

17,7506,770

05.4245.865.751.436.9

81.476.928.1

130.582.174.592.393.770.359.369.7

117.4221.4250.889.4

81.066.689.192.986.096.8

116.8116.185.5

2,203

114.4233

40,963

20,73550

5,00015,685

05.4843.260.548.834.9

78.374.239.4

129.076.955.983.489.660.562.963.2

115.9135.9147.982.1

80.866.688.793.385.495.0

119.9115.485.9

2,176

110.6249

34,469

27,9721,350

21,1505,472

05.3049.667.156.641.8

78.173.637.1

137.175.559.684.890.464.363.063.8

115.3196.6222.679.9

81.466.886.390.082.694.8

117.0113.885.3

2,116

103.3253

28,370

59,529360

55,9803,189

04.9559.073.969.951.9

77.171.931.5

128.074.360.589.591.368.164.664.7

114.3189.0213.977.1

81.166.986.084.483.196.5

119.4113.186.5

2,098

101.9246

25,207

71,103180

68,3502,573

04.8863.076.173.856.9

75.370.430.7

127.870.664.799.388.859.866.467.5

113.783.887.467.4

80.465.086.784.384.198.2

109.8114.587.2

2,367

98.1295

29,858

106,046125

104,2751,646

04.7054.874.463.149.1

75.871.839.4

134.472.365.886.486.960.147.370.6

111.662.359.574.5

80.464.884.777.981.7

101.2106.5115.484.5

2,466

102.3301

34,003

45,094825

35,0009,269

04.9053.469.662.546.6

72.667.719.5

131.370.260.090.586.158.447.559.8

113.459.156.670.3

80.064.083.267.680.399.9

103.7117.883.9

2,085

102.7273

33,483

1780

0178

04.9251.367.558.445.1

68.162.225.2

131.662.263.480.584.356.156.652.4

111.556.152.571.9

79.763.978.558.574.496.9

102.2119.678.3

1,969

99.2279

29,367

19,9870

19,000987

04.7551.667.559.644.6

67.060.923.4

136.158.759.894.283.857.949.650.8

110.976.575.979.4

79.063.6

°77.0°56.2

75.094.0

104.2109.475.0

1,830

98.7

26,323

4250

0425

04.7347.665.556.338.6

68.462.516.1

134.462.760.791.484.861.851.150.0

110.5129.0140.277.8

78.464.476.956.575.894.6

102.9107.374.1

1,887

100.0

29,763

731625

0106

04.7947.362.357.338.2

70.565.020.6

134. 966.863.781.985.869.247.344.2

110.1104.1109.779.2

78.665.476.054.776.091.4

102.5107.674.2

1,877

101.3

29,770

10,7070

010,707

04.8551.959. &67.538.5

• 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.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 58: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

56 SURVEY OF CUREENT BUSINESS July 1933

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1933

May

1933

May June July August Septem-ber October Novem-

berDecem-

ber

1933

January Febru-ary March April

CANADIAN STATISTICS—Continued

Foreign trade:Expor ts . . thous. of dolls..Imports thous. of dolls..Exports, volume:

Automobiles. (See Transportation Equip.)Newsprint. (See Paper and Paper Prod-

ucts.)Wheat thous. of bu__Wheat flour thous. of bbl__Trade with U.S. (See Foreign Trade.)

Railway statistics:Carloadings thous. of carsFinancial results:

Operating revenues thous. of dollsOperating expenses thous. of dollsOperating 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 . .Livestock, inspected slaughter:

Cattle and calves thous. of animals. .Swine thous. of animals. .Sheep and lambs thous. of animals. .

Newsprint. (See Paper and Paper Prod-ucts.)

Silver. (See Finance.)Wheat, visible supply. (See Foodstuffs.)

Wheat flour thous. of bbl__

46,10932,927

21,465565

0

23

11627930

41,40244,361

15,543462

183

23,40021,245

1,191

1,632

110

1,27113

29

9525523

1,041

41,70140,743

15,857571

185

24,81321,6542,328

2,023

129

1,1988

18

8524850

1,151

43,03235,711

19, 620446

157

22,97021,053

1,027

1,569

147

1,1567

28

7319264

1,202

41,85536,527

18,290330

176

23,10021,922

268

1,572

138

1,2306

27

7918986

1,272

42,66534,504

26,874385

216

28,98822,2545,949

3,043

122

1,2796

23

82166101

1,385

57,16037,095

40,192529

212

28,19020,8396,385

2,607

96

7

17

78189148

1,722

46,62137,769

27,302577

193

24,27619,3084,057

2,181

90-

1,44814

37

80250119

1,943

43,10928,961

27,736492

153

21,90219,434

1,904

1,740

130

1,43327

31

6026849

1,010

32,00024,441

14,707397

134

17,64318,528

d 1,813

1,388

95

1,39729

41

7124749

859

26,81423,514

10,922333

133

16,78817,881

d 2,073

1,302

88

1,3006

12

6522036

845

37,16132,851

14,816490

157

20,61219,161

520

1,712

97

1,3710

8925042

1,005

20,31220,457

4,460234

162

1,2950

12

9723230

1,013

d Deficit.

CHANGES IN STATISTICAL SERIES MADE SINCE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENTDATA ADDED IN DECEMBER 1932 ISSUE

PageFairchild retail price index 24World prices, foodstuffs and raw materials 24Chain-store sales index 26Department-store sales, Philadelphia 27Factory employment, Baltimore, Milwaukee,

Maryland, and Massachusetts _. 28Miscellaneous employment:

Civil service, United States 28Trade union members employed, by groups 28

Factory pay rolls, Baltimore, Milwaukee, Phila-delphia, M aryland, and M assachusetts 29

Hourly earnings, United States (National Indus-trial Conference Board) 29

Weekly earnings, factory, Massachusetts 30Net gold imports, including gold released from

earmark —.. 32Pyroxylin rods, sheets, and tubes, production,

shipments. - 38Residual fuel oil, production and stocks 43Gas oil and distillates, production and stocks 43Convection type radiators, new orders 46Plumbing fixtures, wholesale price _ 46Plumbers' brass, shipments— 49Tin and terne plate, production 47Tin consumption in manufacture of tin and terne

plate 48Mechanical stokers, new orders _ 48Rubber heels and soles, total shipments 51Illuminating glassware, new orders, production,

shipments, and stocks 52Gypsum, imports, production, and shipments 52Auto accessories and parts, composite index of ship-

ments 54Canadian statistics, electric-power production

index... _ 55

DATA ADDED IN THE JUNE 1933 ISSUE

Building costs, all types (American Appraisal Co.). 25Factory employment, Chicago 28Nonmanufacturing employment—banks, broker-

age houses, etc.; dyeing and cleaning; and laun-dries 28

DATA ADDED IN THE JUNE 1 9 3 3 I S S U E -Continued

PageMiscellaneous employment—Federal and State

highways, construction and maintenance 28Factory pay rolls, New York and Chicago 29Nonmanufacturing pay rolls—banks, brokerage

houses, etc.; dyeing and cleaning; and laundries. 29Bond prices, U.S. Government (Standard Statis-

tics) - 33Airplane travel, passengers carried, passenger miles

flown _ _ 35Lard compound, wholesale price, tierces, Chicago. 37Lard, refined, wholesale price, tierces, Chicago 41Leather production (Tanner's Council) 43Household furniture, plant operations, all dis-

tricts 45Rope paper sacks, shipments 50Face brick, machine production 51DATA DROPPED IN DECEMBER 1932 ISSUE t

Industrial production indexes: Copper (mined),metals, nonferrous _ 22

Stock indexes, world copper stocks 23Construction volume (A.O.C.). 25Factory operations, proportion full time worked,

miscellaneous group. 28Applicants at employment agencies, Western

States 28Methanol, stocks:

At crude plants 36At refineries and in transit 36

Pine-oil stocks 36Paints, varnish, and lacquer products, unclassified

sales, 315 establishments 38Milk, condensed and evaporated, total exports,

production, and stocks 39Gas and fuel oil, production and stocks (combined

series) 42Hides and skins, stocks, all series 43Sole and belting leather, production, stocks, all

series 43Upper leather, production, stocks, all series 43Walnut lumber, orders, production, shipments,

and stocks 44

DATA DROPPED IN DECEMBER 1932ISSUE-Cont inued

PageNorth Carolina pine, production and shipments— 44Iron and steel, boilers (round and square) and radi-

ators, new orders 46Enameled sanitary ware, baths, lavatories, sinks,

miscellaneous, all series 46Enameled sheet-metal ware, shipments 46Plumbing fixtures, wholesale price_. 46Mechanical stokers, large (see new series) new

orders 48Copper:

Production, all series 48Shipments, domestic, refined 48Stocks (North and South America), blister and

refined 48Porcelain, nail knobs, tubes, shipments 49Galvanized sheet-metal ware, all series 49Newsprint, production, percent of capacity 50Binders' board, production _ 51Glass containers, unfilled orders 52Illuminating glassware, orders, production, ship-

ments, and stocks. (See new series) 52

DATA DROPPED IN JUNE 1933 ISSUE t

Farm products—price index of dairy and poultryproducts _ __ 23

Building costs, by types of construction (AmericanAppraisal Co.) 25

McLellan 5- and 10-cent stores (sales and stores)._ 26Hours of work per week in factories, nominal or

full-time week (National Industrial ConferenceBoard). 28

Unemployment, applicants, at employmentagencies _ _. 29

Gold, held under earmark for foreign account 32Bond prices, domestic, U.S. Liberty (N.Y. Trust

Co.) ._ 33Rope paper sacks, shipments 50Scrap rubber, stocks at reclaimers 50Face brick production (brick drawn from ki lns) . . 51Glass containers, net new orders 51Cotton textiles, production, shipments, stocks, etc. 53Wool machinery activity, sets of cards 53

t Pages refer to those upon which series were last shown in the November 1932 and May 1933 issues.

O

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Page 59: Survey of Current Business July 1933 - FRASER...of Labor estimates the number of unemployed in June at over eleven and a half million. Available indexes of consumer purchasing indicate

INDEX TO MONTHLY BUSINESS STATISTICSAbrasive paper and clothAcceptances, bankers'Accessories, automobileAdvertising, magazine, newspaper, radio _,.Africa, United States trade withAgricultural wages, loans. «Air-conditioning equipmentAir mailAirplanesAlcohol, denatured, ethyl, methanolAluminumAnimal fats, glues, greasesAnthracite industry 22Apparel, wearing_,Argentina, United States trade with; ex-

change; flaxseed stocks 32,Asia, United States trade with.Asphalt.....Automobiles- 22,27,28,Babbitt metal _ .Bank suspensionsBarleyBathroom fixturesBeef and veal

Page503054

25,2634304726

35,543648

36,3729,4229,52

34,373443

29,544831394640

Bituminous coal 22,28,29,42Boiler and boiler fittings 46Bonds, prices, sales, value, yields 33Book publication. <. 50Boxes, paper, shipping 50Brass 49Brazil, coffee; exchange; United States trade

with. _ 32,34,41Brick 51Brokers' loans » 30Bronze „ 49Building contracts awarded-- 24,25Building costs - - 25Building materials 24,25,44,46,47,51Business activity index (Annalist) 22Business failures 31Butter _ 39Canadian statistics,. 55,56Candy 41Canal traffic 35Capital issues 32Carloadings 22,34,35Cattle and calves 40,43Cement . _ 22,27,29,51Chain-store sales 26,27Cheese _ _ 39Chile, exchange; United States trade with... 32,34Cigars and cigarettes 42Civil-service employees 28Clay products _ 23,24,27,28,29,51Clothing 24,25, 27, 28, 29,52Coal _ 22,28,29,42Cocoa 41Coffee 23,41Coke.. 42Collections, electrical trade 26Commercial paper 30Communications 35Construction:

Contracts awarded, indexes » 24Costs - 25Highways 25Material costs 25

Copper 48Copper wire cloth 49Copra and coconut oil 37Corn 39Cost-of-\iving index. 23Cotton, raw and manufactures 23,52Cottonseed, cake and meal, oil 37Crops 23,37,39,40,52Dairy products 23,39Debits, bank _ _ 30Debt, United States Government 32Delaware, employment, payrolls 28,29Department-store sales and stocks 27Deposits, bank 30Disputes, labor 29Dividend payments 33Douglas fir 44Earnings, factory .. 29,30Eggs 23,41Electric power, production, sales, revenues.. 22,38Electrical energy, consumption index . . . 22, 23Electrical equipment 48,49Electric railways 34Employment:

Cities and States 28Factory, Federal Reserve Board indexes 27,28Nonmanufacturing 28Miscellaneous data „ «_ 28

Emigration „ - 35Enameled ware 46Engineering construction 25England, exchange; United States trade with. 32,34Exchange rates, foreign 32Expenditures, United States Government 32Explosives 36Exports 34Factory employment, pay rolls, operations 27,

28,29,30

Page |Factory operations, proportion of full time

worked 28Failures, bank; commercial 31Fairchild retail price index 24Fares, street railways 34Farm employees 28Farm prices, index 23Federal Government, finances 32Federal-aid highways 25,28Federal reserve banks, condition of 30Federal reserve member bank statistics 30Fertilizers 36Fire-extinguishing equipment 54Fire losses 25Fish and fish oils 37,41Flaxseed 37Flooring, oak, maple, beech, and birch 44Flour, wheat 40Food products 22,23,27,28,29,39,40,41Footwear 44,51Foreign trade, indexes, values 34Foundry equipment 47France, exchange; United States trade with. 32,34Freight cars (equipment) 27,54Freight carloadings, cars, indexes 34,35Freight-car surplus 35Fruits 23,39Fuel equipment 47,48Fuels 42,43Furniture 45,47Gas, customers, sales, revenues 38Gas and fuel oils 42,43Gasoline 43General Motors sales 54Glass and glassware 22, 27, 28, 29, 52Gloves and mittens 43Gold 32Goods in warehouses 26Grains , 23,24,39,40Gypsum 52Hardwoods 44Heels, rubber 51Hides and skins 43Hogs 40,41,43Hosiery 52Hotels 28,29,35Housing 23,25Illinois, employees, factory earnings 28, 29,30Imports 34Income-tax receipts 32Incorporations, business 26Industrial production, indexes 22Installment sales, New England 27Insurance, life 31Interest payments 33Interest rates 30Investments, Federal reserve member banks. 30Iron, ore; crude; manufactures 22,45,46Italy, exchange; United States trade with.. 32,34Japan, exchange; United States trade with.. 32,34Kerosene 43Labor turnover, disputes 29Lamb and mutton 41, 43Lard . 41Lead _ __ - 48Leather . . . . 22, 23, 24, 25, 26, 27, 28, 29,43Leather, artificial 54Liberty bonds 33Linseed oil, cake, and meal 37Livestock 23,40,41,43Loans, agricultural, brokers', time 30Locomotives 54, 55Looms, woolen, activity 53Lubricating oil 43Lumber 22,23,24,27,28,29,44,45Lumber yards, sales, stocks 44Machine activity, cotton, silk, wool 53Machinery 25,26,27,28,29,34,47,48,49Machine tools, orders, shipments 48Magazine advertising 25,26Manufacturing 22Marketing, agricultural, forest products 23Maryland, employment, pay rolls 28, 29Massachusetts, employment, pay rolls 28,29Meats 40,41Metals 22,23,27,28,29,45,46,47Methanol 36Mexico:

Petroleum production and exports 42Silver production 32United States trade with 34

Milk 39Minerals 22,42,45,48Money in circulation 32Naval stores 23,36Netherlands, exchange 32New Jersey, employment, pay rolls 28, 29Newsprint i 50New York, employment, pay rolls, canal

traffic 28,29,35New York Stock Exchange 30,33Notes in circulation 30Oats 39Oceania; United States trade with 34Ohio employment 28

PageOhio River traffic _ _ . 35Oils and fats 36,37Oleomargarine 33Orders, indexes, new and unfilled 23Paints 38Passengers, street railways; Pullman 34,35Passports issued 35Paper and pulp __ 22, 23, 24, 27, 28, 29,49, 50Pay rolls:

Factory, Federal Reserve Board 29Factory, by cities and States 29Nonmanufacturing industries 29

Pennsylvania, employment, pay rolls 28,29Petroleum and products 22,27,28,29,42,43Pig iron 22,45Pork . . . 40,41Postal business 26Postal savings 31Poultry _ 23,41Prices:

Cost of living, indexes 23Farm, indexes . 23Retail, indexes 24Wholesale, indexes -s 24Warld, foodstuffs and raw material 24

Printing 50Production, industrial 22Profits, corporation 32Pyroxylin products 38Public finance 32Public utilities _. 28,29,34,35,38Pullman Co 35Pumps 48Radiators 46Radio, advertising __ 25Railroads; operations; equipment; financial

statistics 34,35,54,55Railways, street 34Rayon 53Real-estate market activity 25Registrations, automobiles 54Rents, index 23Retail trade:

Chain stores:5 and 10 26,27Grocery 27Restaurant 27

Department stores 27Mail order 27

Roofing. 38Rice . 39,40Rubber, crude; scrap; clothing; footwear;

tires . 22,23,24,27,28,29,50,51Rye T - 40Sanitary ware 46Savings deposits 30Sheep and lambs 41Shoes 22,24,25,26,27,28,29,44Shipbuilding 22, 27, 28, 29, 55Silk 23,53Silver 22,32Skins - 43Softwoods 44,45Spain, exchange 32Spindle activity, cotton 53Steel, crude; manufactures 22,46,47Stockholders 33Stock indexes, domestic and world 23Stocks, department stores 27Stocks, issues, prices, sales, yields 33Stone, clay, and glass products 22,23,28,51,52Sugar 23,41Sulphur . 36Sulphuric acid 36Superphosphate - 36Tea - - - 23,41Telephones and telegraphs 35Terneplate 47Terra cotta 52Textiles, miscellaneous products 53,54Tile 52Timber - - 44,45Tin and tin plate 23,48Tires 22,24,27,28,29,51Tobacco 22,25,26,27,28,29,42Tools, machine 48Trade-unions, employment 28Travel - 35Trucks and tractors, industrial electric, 55United Kingdom, exchange; United States

trade with — 31,34Uruguay, exchange 32United States Steel Corporation 30,33,47Utilities 28,29,32,34,35,38,55Vegetable oils 37Vegetables — _- - 23,39Wages . 29,30Warehouses, space occupied 26Waterway traffic 35Wheat and flour 23,40Wholesale prices 24Wisconsin, employment; pay rolls 28, 29Wood pulp 49Wool . 22,23,53Zinc _. 22,48

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