DOCSLIB.ORG

November 1937 Survev of Current Busi

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
November 1937 Survev of Current Busi NOVEMBER 1937 SURVEV OF CURRENT BUSI UNITED STATES DEPARTMENT OF COMMERCE 8UREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 17 NUMBER 11 The usual Periodic Revision of material presented in the Survey of Current Business has been made in this issue. A list of the new data added and of the series discontinued is given below. The pages indicated for the added series refer to this issue, while the pages given for the discontinued data refer to the October 1937 issue. DATA ABB ED DATA DISCONTINUED Page Page Slaughtering and meat-packing indexes Business activity indexes (Annalist) 22 (Board of Governors of the Federal Re- Industrial production indexes (Board of serve System added in the October 1937 Governors of the Federal Reserve Sys- issue) * 22 tem); food products (discontinued with Bituminous coal; retail price index 23 the August 1937 issue) and shipbuilding* 22 Construction contracts awarded, classified by ownership. 24 Grocery chain store sales, Chain Store Age index 26 Grocery chain store sales indexes (Bureau of Foreign and Domestic Commerce)... 26 Department store sales indexes (computed Department store sales indexes (computed by Survey of Current Business): by District banks): Kansas City Federal Reserve District.. 27 Kansas City Federal Reserve District 27 St. Louis Federal Reserve District 27 St. Louis Federal Reserve District 27 U. S. Employment Service: Industrial disputes (strikes and lockouts): Percent of TOTAL placements to active Number of strikes beginning in month.. 29 file 29 Number of workers involved in strikes beginning in month 29 New securities effectively registered with the Securities and Exchange Commis- United States Employment Service: sion, number of issues 35 Percent of PRIVATE placements to active Me 29 Bond sales on the New York Stock Ex- Admitted assets of life insurance com- change exclusive of stopped sales (Dow- panies: Jones) 35 Real estate, cash, and other admitted Bond yields (Standard Statistics Co., Inc.). 36 assets 33 Refined sugar; shipments and stocks, two Gold production, Union of South Africa.. 33 ports* 44 New securities effectively registered with the Securities and Exchange Commis- Porcelain enamel flatware; new orders for sion, classified by industries 35 signs and table tops* 48 Bond sales on the New York Stock Ex- Safes; orders and shipments 49 change, exclusive of stopped sales (New York Stock Exchange) 35 Steel sheets, black, blue, galvanized, and full finished; orders, production, ship- Bond yields (Moody's) 36 ments, and stocks* 49 Bond yields, U. S. Treasury 3-5-year notes 36 Waste paper, stocks in transit and un- Manufactured tobacco production, by shipped purchases 52 types 44 Rayon, deliveries index, adjusted for sea- Gasoline, refinery production, by types... 46 sonal variation* 55 Copper; production, deliveries, and stocks (Copper Institute, Inc.) 50 * Discontinued by the reporting source. It is important that the tables printed monthly in the SURVEY, presenting back data for the new cud revised series, be retained for reference purposes. UNITED STATES DEPARTMENT OF COMMERCE DANIEL C. ROPER, Secretary BUREAU OF FOREIGN AND DOMESTIC COMMERCE ALEXANDER V. DYE, Director SURVEY OF CURRENT BUSINESS Prepared in the DIVISION OF ECONOMIC RESEARCH LOWELL J. GHAWNER, In Charge M. JOSEPH MEEHAN, Editor WALTER F. CROWDER, Acting Editor Volume 17 NOVEMBER 1937 Number 11 CONTENTS SUMMARIES AND CHARTS STATISTICAL DATA—Continued Page Monthly business statistics—continued: Page Business indicators 2 Domestic trade 25 Business situation summarized 3 Employment conditions and wages 27 Graphic comparison of principal data 4 Finance 31 Commodity prices 5 Foreign trade 37 Domestic trade 6 Transportation and communications 37 Employment 7 Finance 8 Statistics on individual industries: Foreign trade 9 Chemicals and allied products 39 Real estate and construction 10 Electric power and gas 41 Transportation 11 Foodstuffs and tobacco 41 Fuels and byproducts 45 SPECIAL ARTICLE Leather and products 46 Lumber and manufactures 47 Farm mortgage credit, 1930-37 12 Metals and manufactures: Iron and steel 48 STATISTICAL DATA Machinery and apparatus 49 New or revised series: Nonferrous metals and products 50 Table 45. Moody's bond yield averages, 1919-37 19,20 Paper and printing 51 Weekly business statistics through October 23 21 Rubber and products 52 Stone, clay, and glass products 53 Monthly business statistics: Textile products 53 Business indexes 22 Transportation equipment 55 Commodity prices 23 Canadian statistics 56 Construction and real estate 24 General index Inside back cover Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents. Foreign subscriptions, #3. Price of the 1936 Supplement is 35 cents. Make remittances only to Superintendent of Documents, Washington, D. C. 23491—37 1 1 SURVEY OF CURRENT BUSINESS November 1937 Business Indicators 1923-25=100, except as noted INDUSTRIAL PRODUCTION RURAL SALES OF GENERAL MERCHANDISE 150 150 12 5 125 100 100 Adjusted Adjusted 75 zz. 75 50 50 25 25 0 M 1 I 1 1 1 i 11 i 1111ii 11111i11iii1111 i ii 111 1i1 0 1 1 1 I [ I 1 11 M i I i 11 i i 111) i i I 11 11 i I 11111 I 111 i FREIGHT CAR LOADINGS DEPARTMENT STORE SALES 125 125 100 100 LCLfid/usted) 75 •—*— 75 A djusfeat 50 50 TOTAL (Adjusfe 25 25 0 I 1 1 I I 1 I n..iln. i i 11 11 II 1. i i 1 il I i I I I 1 I i i I i 0 i i i i i i i i 11 i i 11 11 it 111iit 11111i111i1111 i n FACTORY EMPLOYMENT & PAYROLLS * CASH INCOME FROM FARM MARKETINGS EMPLOYMENT (Adjusted) .^-* Adjusted J\*»*s - FAMOUS (Unadjusted) 25 25 0 II 1 1 11 1 I I ., lln.l ll.M, llll. I ll.,l III. Ml • 0 1 1 I I 1 1 I Mill 1 111 N I \\ M 1 I ! I 1 1 I I I I 1 I 1 I I CONSTRUCTION CONTRACTS AWARDED WHOLESALE PRICES 125 100 TOTAL (Adjusted) ALL COMMODITIES? 75 ^-FAtfM PRODUCTS 50 25 Ji^C^s/OTNT/AL (Ac/Jus fed) * i i 11 i 1111 i i 1111) i 11 i i i 1111 i i i 111 11 i 0 I I 1 I I 1 1 1111 i 1111ii 111i1111111i1111 11 111 ii FEDERAL RESERVE MEMBER BANK LOANS BANK DEBITS OUTSIDE NEW YORK CITY 150 150 125 125 100 100 75 75 50 50 I 1 I 1 1 I 1 1 1 1 1 l t nT i i i i i I i iinlmiiliiiiiliiiiiliiinliiii ot 1930 1935 1935 1936 1937 1930 1935 1936 1937 ADJUSTED FOR SEASONAL VARIATION # REVISED * REPORTING MEMBER BANKS ^1929-31 = 100 "#"l.924 - 29 =100 NOTE: Indexes are based on dollar figures, except industrial production, freight-car loadings, and factory employment November 1937 SURVEY OF CURRENT BUSINESS Business Situation Summarized NDUSTRIAL production in October as indicated by which is a composite of manufacturing and mining I available weekly reports from several major indus- activity, dropped from 117 in August to 111 in Sep- tries was sharply lower than in September, on a season- tember. ally adjusted basis. During the past 2 months the Factory employment in September declined, contrary decline has been approximately 9 percent. Steel to the usual seasonal movement, and pay rolls dropped activity showed a particularly severe curtailment during more sharply than employment. Employment in non- the month, the scheduled rate of operations being manufacturing industries showed some gain due mainly reduced from 74 percent of ingot capacity in the last to increases in the number at work in retail establishments. week of September to approximately 50 percent in the Retail sales of general merchandise in September final week of October. Early reports indicate that showed a sizable advance, after allowance for seasonal cotton-mill activity declined contraseasonally, after influences-and also maintained a gain over sales in the having advanced less than is usual in September. Auto- corresponding month last year of about 5 percent. Pri- mobile production, however, expanded more than mary distribution as indicated by freight-car loadings, de- seasonally, even though one of the leading producers clined during the early part of October although some sea- had not started volume production of its 1938 models. sonal increase is usually experienced during the month. Production of bituminous coal increased seasonally Extending the declines of the preceding 2 months, while crude oil output declined. security prices dropped sharply during the first part of Manufacturing production as contrasted with min- October. In the wide fluctuations of October 19, eral production declined sharply in September, accord- industrial, railroad, and utility share prices fell to the ing to the seasonally adjusted index of the Board lowest points since May 1935. At the bottom of the of Governors of the Federal Reserve System. This movement, the New York Times' index of 50 stocks index dropped to 110 (1923-25 = 100) in September was down 40 percent from the March high. Second- from 118 in August. Under the influence of a sharp grade bond prices were also sharply lower but the advance in output of anthracite and bituminous coal, prices of high-grade issues and Government bonds a gain was recorded in the adjusted index of mineral were generally firm. Some recovery in the prices of production. The index for total industrial production, stocks and bonds was experienced following the break. MONTHLY BUSINESS INDEXES Factory em- Freight-car Retail sales, Foreign Cash farm Industrial production ployment value, trade, value, 3 and pay rolls loadings adjusted 2 adjusted 2 income Mer- Unadjusted 1 Adjusted 2 chan- .£.2 Total dise, in Year and month P I.e. I. 11 1% II s .s •£ I V Cfi z f I a I 1929- Monthly Monthly Monthly average, 1923-25=100 31 = 100 Monthly average, 1923-25=100
Load more

Recommended publications
  • Sit-Down Strike: the 1939 Alexandria Library Sit-In
    Lesson Plans: Teaching with Historic Places in Alexandria, Virginia America's First Sit-Down Strike: The 1939 Alexandria Library Sit-In America's First Sit-Down Strike: The 1939 Alexandria Library Sit-In Introduction Becoming the trademark tactic of the 1960s Civil Rights Movement, the first sit-in occurred well before the era of social unrest that would characterize the decade of the 1960s. Prior to the famous Woolworth counter siti -in in Greensboro, North Carolina, five courageous African-Amerrican youths staged the firsst deliberate and planned sit-in at the Alexandria “public” Library in 1939. Located on the site of a Quaker burial ground, on a half-acre of land, the construction of Alexandria’s first public and “free” library was completed in 1937. Prior to 1937, the Alexandria Library Company operated a subscription service throughout various locations in the city. The Alexandria Library (also known as the Queen Street Library) would later become known as the Kate Waller Barret Branch Library after the mother of the benefactor of construction funds for the building. Located in the center of Alexandria’s African-American community, the Robbert Robinson Library was completed in 1940 to serve as the colored branch of the Alexandria Library in response to the 1939 sit- in. The era of legalized segregated public accommodations had been ushered in by the 1896 landmark case of Plessy vs. Ferguson, which stipulated that “separate but equal” accommodations were constitutional under the law. Thereafter, the Jim Crow system of segregation dictated the daily lives of African-Ammericans whereby the facilities they encountered were indeed separate, but substantially inadequate to ever be characterized as equal.
    [Show full text]
  • November, 1937 Hoi~Sio~I PORT BOOK 1
    VOL. XV NOVEMBER,1937 NO. 2 Z Z Z ILl -i- ml General American’s Houston, Texas, Terminal GENERAL AMERICAN’S Houston Terminal is yours to use as your very own. Newly completed it is the finest public terminal in the Southwest. Modern, efficient facilities for any bulk liquid. At Houston, as at all other General American Terminals, you save through careful handling, minimum evaporation, lowest insurance rates. Direct pipe line connections from East Texas fields. Yon have all of the advantages of your own terminalmwith no investment on your part. A DIVISION OF GENERAL AMERICAN TRANSPORTATION CORP., R A GOODHOPE, LA., WESTWEGO, LA., CORPUS CHRISTI AND HOUSTON, TEXAS, CARTERET, N. J. OFFICE: 135 SOUTH LASALLE STREET, CHICAGO, ILLINOIS. November, 1937 HoI~sIo~I PORT BOOK 1 DRE D GI N GShip Channels . Harbors . Slips and Terminals. Filling. Reclamations. Drainage and Levee Building Dredge "Duplex" Deepening Houston Ship Channel The Sternberg Dredging Company with its large fleet of Hydraulic dredges, bucket, dragline, derrick, and cableway machines is equipped to handle any excavation problem. STERNBERG DREDGING COMPANY GALVESTON, TEXAS ST. LOUIS, MISSOURI SHIPSIDE WAREHOUSE PATRICK TRANSFER & STORAGE COMPANY Operators ¯ HOUSTONDIVISION ¯ LONE STAR PACKAGECAR CO. Specializing in General CommodityStorage and Handling 250,000 SQUARE FEET STORAGE SPACE FIREPROOF REINFORCED CONCRETE WAREHOUSE EQUIPPED WITH AUTOMATIC SPRINKLER LOCATED AT SHIP SIDE Floor Level 35 Feet Above Mean Low Tide Electric Conveyors Import and Export Leading To and From Ship’s Berth TRACKAGE CAPACITY 84 CARS Shipments Handled Free or Bonded Usual Handling Charges All Railroads serve our Shipside Warehouse through Apply the Port Terminal Railroad P.
    [Show full text]
  • Records of the Immigration and Naturalization Service, 1891-1957, Record Group 85 New Orleans, Louisiana Crew Lists of Vessels Arriving at New Orleans, LA, 1910-1945
    Records of the Immigration and Naturalization Service, 1891-1957, Record Group 85 New Orleans, Louisiana Crew Lists of Vessels Arriving at New Orleans, LA, 1910-1945. T939. 311 rolls. (~A complete list of rolls has been added.) Roll Volumes Dates 1 1-3 January-June, 1910 2 4-5 July-October, 1910 3 6-7 November, 1910-February, 1911 4 8-9 March-June, 1911 5 10-11 July-October, 1911 6 12-13 November, 1911-February, 1912 7 14-15 March-June, 1912 8 16-17 July-October, 1912 9 18-19 November, 1912-February, 1913 10 20-21 March-June, 1913 11 22-23 July-October, 1913 12 24-25 November, 1913-February, 1914 13 26 March-April, 1914 14 27 May-June, 1914 15 28-29 July-October, 1914 16 30-31 November, 1914-February, 1915 17 32 March-April, 1915 18 33 May-June, 1915 19 34-35 July-October, 1915 20 36-37 November, 1915-February, 1916 21 38-39 March-June, 1916 22 40-41 July-October, 1916 23 42-43 November, 1916-February, 1917 24 44 March-April, 1917 25 45 May-June, 1917 26 46 July-August, 1917 27 47 September-October, 1917 28 48 November-December, 1917 29 49-50 Jan. 1-Mar. 15, 1918 30 51-53 Mar. 16-Apr. 30, 1918 31 56-59 June 1-Aug. 15, 1918 32 60-64 Aug. 16-0ct. 31, 1918 33 65-69 Nov. 1', 1918-Jan. 15, 1919 34 70-73 Jan. 16-Mar. 31, 1919 35 74-77 April-May, 1919 36 78-79 June-July, 1919 37 80-81 August-September, 1919 38 82-83 October-November, 1919 39 84-85 December, 1919-January, 1920 40 86-87 February-March, 1920 41 88-89 April-May, 1920 42 90 June, 1920 43 91 July, 1920 44 92 August, 1920 45 93 September, 1920 46 94 October, 1920 47 95-96 November, 1920 48 97-98 December, 1920 49 99-100 Jan.
    [Show full text]
  • 8Th Annual Report of the Bank for International Settlements
    BANK FOR INTERNATIONAL SETTLEMENTS EIGHTH ANNUAL REPORT 1st APRIL 1937 —.. 31st MARCH 1938 BASLE 9th May 1938 TABLE OF CONTENTS Page I. Introduction 5 II. Exchange Rates, Price Movements and Foreign Trade , 19 III. From Dehoarding to renewed Hoarding of Gold 37 IV. Capital Movements and International Indebtedness 61 V. Trend of Interest Rates 74 VI. Developments in Central and Commercial Banking 100 VII. Current Activities of the Bank: (1) Operations of the Banking Department . 106 (2) Trustee and agency functions of the Bank 109 (3) Net profits and distribution . 111 (4) Changes in Board of Directors and Executive Officers 112 VIII. Conclusion 114 ANNEXES I. Central banks or other banking institutions possessing right of representation and of voting at the General Meeting of the Bank. II. Balance sheet as at 31st March 1938. III. Profit and Loss Account and Appropriation Account for the financial year ended 31st March 1938. IV. Trustee for the Austrian Government International Loan 1930: (a) Statement of receipts and payments for the seventh loan year (1st July 1936 to 30th June 1937). (b) Statement of funds in the hands of depositaries as at 30th June 1937. V. Trustee for the Austrian Government International Loan 1930 — Interim statement of receipts and payments for the half-year ended 31st December 1937. VI. International Loans for which the Bank is Trustee or Fiscal Agent for the Trustees — Funds on hand as at 31st March 1938. EIGHTH ANNUAL REPORT TO THE ANNUAL GENERAL MEETING OF THE BANK FOR INTERNATIONAL SETTLEMENTS Basle, 9th May 1938. Gentlemen : I have the honour to submit to you the Annual Report of the Bank for International Settlements for the eighth financial year, beginning 1st April 1937 and ending 31st March 1938.
    [Show full text]
  • Monthly Review of Agricultural and Business Conditions in the Ninth Federal Reserve District
    MONTHLY REVIEW OF AGRICULTURAL AND BUSINESS CONDITIONS IN THE NINTH FEDERAL RESERVE DISTRICT Sl 1, Vol. 7 (Mori 3/ Federal Reserve Bank, Minneapolis, Minn. September 28, 1937 August business volume equalled that of July. year but at country stores was somewhat smaller. Iron ore shipments and gold production set new However, retail sales at country stores during the all-time records. Bank deposits and loans and invest- first 8 months of 1937 continued to show a greater ments increased seasonally. Retail trade was nearly increase over sales during the same period in 1936 as large as August last year. Heavy grain market- than city department store sales. The mountain sec- ings and higher livestock prices raised farmers cash tion of Montana was the only section in the entire income well above August 1936. Corn and potato District to show a larger volume of sales in August prospects improved during the month. this year than in August a year ago. DISTRICT SUMMARY OF BUSINESS Retail Trade % Aug., The volume of business in August was about as No. of 1937 of % 1937 large as in the preceding month and in August last Stores Aug. 1936 of 1936 year. The country check clearings index was the Mpls., St. Paul, Duluth-Superior .. 21 100 06 highest on record and the index of bank debits at Country Stores 447 96 08 farming centers was as large as in any month since Minnesota—Central 31 96 10 1931. Minnesota—Northeastern 16 98 12 Minnesota—Red River Valley.. 9 96 12 Minnesota—South Central . 32 99 17 Northwestern Business Indexes Minnesota—Southeastern 19 100 12 (Varying base periods) Minnesota—Southwestern 43 94 09 Aug.
    [Show full text]
  • The Dynamics of Relief Spending and the Private Urban Labor Market During the New Deal
    NBER WORKING PAPER SERIES THE DYNAMICS OF RELIEF SPENDING AND THE PRIVATE URBAN LABOR MARKET DURING THE NEW DEAL Todd C. Neumann Price V. Fishback Shawn Kantor Working Paper 13692 http://www.nber.org/papers/w13692 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2007 Our research has benefited from insightful comments from Daniel Ackerberg, Manuela Angelucci, Stephen Bond, Alfonso Flores-Lagunes, Claudia Goldin, Kei Hirano, Robert Margo, James Malcomson, Joseph Mason, Kris Mitchener, Ronald Oaxaca, Hugh Rockoff, John Wallis, Marc Weidenmeier, participants in sessions at the American Social Science Association meetings in San Diego in January 2004 and the NBER DAE Program Meeting in March 2004, and two anonymous referees. Funding for the work has been provided by National Science Foundation Grants SES-0617972, SES-0214483, SES-0080324, and SBR-9708098. Any opinions expressed in this paper should not be construed as the opinions of the National Science Foundation. Special thanks to Inessa Love for the use of her Panel VAR Stata program. © 2007 by Todd C. Neumann, Price V. Fishback, and Shawn Kantor. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Dynamics of Relief Spending and the Private Urban Labor Market During the New Deal Todd C. Neumann, Price V. Fishback, and Shawn Kantor NBER Working Paper No. 13692 December 2007, Revised May 2009 JEL No. N0 ABSTRACT During the New Deal the Roosevelt Administration dramatically expanded relief spending to combat extraordinarily high rates of unemployment.
    [Show full text]
  • The Floods of March 1936 Part 3
    If 700 do not need this report after it has served your purpose, please retnrn ft to the Geological Survey, using the official mailing label at the end UNITED STATES DEPARTMENT OF THE INTERIOR* THE FLOODS OF MARCH 1936 PART 3. POTOMAC, JAMES, AND UPPER OHIO RIVERS Prepared in cooperation with the FEDERAL EMERGENCY ADMINISTRATION OF PUBLIC WORKS GEOLOGICAL SURVEY WATER-SUPPLY PAPER 800 UNITED STATES DEPARTMENT OF THE INTERIOR Harold L. Ickes, Secretary GEOLOGICAL SURVEY W. C. Mendenhall, Director Water-Supply Paper 800 THE FLOODS OF MARCH 1936 PART 3. POTOMAC, JAMES, AND UPPER OHIO RIVERS NATHAN C. GROVER, Chief Hydraulic Engineer With a section on the WEATHER ASSOCIATED WITH THE FLOODS OF MARCH 1936 By STEPHEN LICHTBLAU, U. S. Weather Bureau Prepared in cooperation with the FEDERAL EMERGENCY ADMINISTRATION OF PUBLIC WORKS UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1937 For sale by the Superintendent of Documents, Washington, D. C. -------- Price 45 cents CONTENTS Abstract............................................................ i Introduction........................................................ 2 Authorization....................................................... 5 Administration and personnel........................................ 5 Acknowledgments..................................................... 6 General features of the storms...................................... 8 Weather associated with the floods of March 1936, by Stephen Lichtblau......................................................... 12 Floods of the Potomac,
    [Show full text]
  • Applications for Public Assistance Under the Social Security Act—1937
    APPLICATIONS FOR PUBLIC ASSISTANCE UNDER THE SOCIAL SECURITY ACT—1937 In the past 5 years during which relief activities The practice in regard to the investigation of and facts concerning persons on relief have become applicants for assistance varies in the different of Nation-wide importance, a large volume of in• States. For example, some States, where available teresting data has been collected, analyzed, and funds are not adequate to give aid to all eligible published. For the more than 2 years that have applicants, investigate and approve applications, elapsed since the Social Security Act became even though payments are not made immediately. effective, facts about the special types of public In other States, applications are accepted, but no assistance have been made available to the public. investigations are made until additional funds For the most part, the data presented have re• become available. Those facts must be borne in vealed the number of individuals or families bene• mind in comparing the data State by State. fiting under State plans and the amounts of assist• The wide variations in the numbers of applica• ance granted to these recipients. Of further tions in each of the three categories in the States interest to those working in the field of public reporting should not be considered indicative of assistance are facts regarding the number of per• differences in the extent of need for assistance or sons who apply for public assistance and the dis• in the adequacy of current provisions. Among position made of their requests. the reasons for these variations may be listed the In addition to the data already mentioned, State differences in the length of time for which Federal agencies report to the Social Security Board the funds were available, the amount of State money number of applications pending at the end of the sot aside for these types of assistance, and differ• preceding month, the number received during the ences in administrative procedures from State to month, and the number approved or otherwise State.
    [Show full text]
  • 15Th December, 1937
    HONG KONG LEGISLATIVE COUNCIL. 163 15th December, 1937. PRESENT:― HIS EXCELLENCY THE GOVERNOR (SIR G. A. S. NORTHCOTE, K.C.M.G.). HIS EXCELLENCY THE GENERAL OFFICER COMMANDING THE TROOPS (MAJOR GENERAL A. W. BARTHOLOMEW, C.B., C.M.G., C.B.E., D.S.O.). THE COLONIAL SECRETARY (HON. MR. N. L. SMITH, C.M.G.). THE ATTORNEY GENERAL (HON. MR. C. G. ALABASTER, O.B.E., K.C.). THE SECRETARY FOR CHINESE AFFAIRS (HON. MR. R. A. C. NORTH). THE FINANCIAL SECRETARY AND COLONIAL TREASURER (HON. MR. S. CAINE). HON. MR. R. M. HENDERSON, (Director of Public Works). HON COMMANDER J. B. NEWILL, D.S.O., R.N. (Retired) (Harbour Master, Acting). HON. DR. D. J. VALENTINE, (Director of Medical Services, Acting). HON. SIR HENRY POLLOCK, KT., K.C., LL.D. HON. MR. J. J. PATERSON. HON. MR. CHAU TSUN-NIN. HON. MR. LO MAN-KAM. HON. MR. LEO D'ALMADA E CASTRO, JNR. HON. DR. LI SHU-FAN. HON. MR. E. DAVIDSON. MR. B. C. K. HAWKINS (Clerk of Councils). ABSENT:― HON. MR. T. H. KING (Inspector General of Police). HON. MR. M. T. JOHNSON. 164 HONG KONG LEGISLATIVE COUNCIL. MINUTES. The Minutes of the previous meeting were confirmed. PAPERS. THE COLONIAL SECRETARY, by command of H.E. The Governor, laid upon the table the following papers:― Notice to Airmen No. 1 of the year 1937, dated 23rd September, 1937. Amendment made by the General Officer Commanding the Troops, with the approval of the Governor after consultation with the Commandant of the Hong Kong Volunteer Defence Corps, under section 10 of the Volunteer Ordinance, 1933, Ordinance No.
    [Show full text]
  • Dr. Robert Lee Stuart Re-Elected to Presidency
    Taylor University Pillars at Taylor University Taylor University Bulletin Ringenberg Archives & Special Collections 11-1-1937 Taylor University Bulletin (November 1937) Taylor University Follow this and additional works at: https://pillars.taylor.edu/tu-bulletin Part of the Higher Education Commons Recommended Citation Taylor University, "Taylor University Bulletin (November 1937)" (1937). Taylor University Bulletin. 352. https://pillars.taylor.edu/tu-bulletin/352 This Book is brought to you for free and open access by the Ringenberg Archives & Special Collections at Pillars at Taylor University. It has been accepted for inclusion in Taylor University Bulletin by an authorized administrator of Pillars at Taylor University. For more information, please contact [email protected]. TAYLOR UNIVERSITY BULLETIN Entered as second class matter at Upland, Ind., April 8, 1900, under Act of Congress, July 16, 1894 VOL. XXIX. NO. 7 NOVEMBER 1937 ISSUED MONTHLY Dr. Robert Lee Stuart Re-elected to Presidency Dr. Stuart was reelected as president of Taylor for the second term POINTED PARAGRAPHS by a unanimous vote of the board of directors at their semi-annual meeting. From my observations in board meetings and financial Dr. Robert Lee Stuart came meetings, Taylor University is into the presidency of Taylor facing a new day financialljr. University April 7, 1931. This The administration of Taylor was at a time of financial diffi­ is a conservative business admin­ culties the country over, and the istration that will not spend difficulties that were plaguing money which is not in sight. every other public institution There has never been a saner, were strangling the breath of life more wholesome, and yet more from Taylor University.
    [Show full text]
  • Federal Reserve Bulletin September 1937
    FEDERAL RESERVE BULLETIN SEPTEMBER 1937 Reduction in Discount Rates Banking Developments in First Half of 1937 Objectives of Monetary Policy Acceptance Practice Statistics of Bank Suspensions BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM CONSTITUTION AVENUE AT 20TH STREET WASHINGTON Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TABLE OF CONTENTS PAGE Review of the month—Reduction in discount rates—Banking developments in the first half of 1937 819-826 Objectives of monetary policy 827 National summary of business conditions 829-830 Summary of financial and business statistics 832 Law Department: Regulation M relating to foreign branches of national banks and corporations organized under section 25 (a) of Federal Reserve Act - 833 Rulings of the Board: Reserve requirements of foreign banking corporations 833 Matured bonds and coupons as cash items in process of collection in computing reserves 833 Appointment of alternates for members of trust investment committee of national bank 834 New Federal Reserve building _• 835-838 Acceptance practice 839-850 Condition of all member banks on June 20, 1937 (from Member Bank Call Report No. 73) _. _ 851-852 French financial measures . _. _: 853 Annual report of the Central Bank of the Argentine Republic. _ _ . _ _ _..._. _ 854-865 Bank suspensions, 1921-1936 866-910 Financial, industrial, and commercial statistics, United States: Member bank reserves, Reserve bank credit, and related items 912 Federal Reserve bank statistics 913-917 Reserve position of member
    [Show full text]
  • The Anschluss Movement and British Policy
    THE ANSCHLUSS MOVEMENT AND BRITISH POLICY: MAY 1937 - MARCH 1938 by Elizabeth A. Tarte, A.B. A 'l11esis submitted to the Faculty of the Graduate School, Marquette University, in Part ial Fulfillment of the Re­ quirements f or the Degree of Master of Arts Milwaukee, Wisconsin May, 1967 i1 PREFACE For many centuri.es Austria. bad been closely eom'lect E!d \'lieh the German states. 111 language and eulture. Austri.a and Germany had always looked to each other. AS late as the t~tentieth century. Austria .st111 clung to her traditional leadership in Germany . In the perlod following the First World War, Austria continued to lo(!)k to Germany for leadership. Aus tria, beset by numerous economic and social problems. made many pleas for uni on with her German neighbor. From 1919 to 1933 all ;novas on the part of Austria and Germany for union, -v.71\ether political oreeon01;n1c. were th"larted by the signatories of the pea.ce treaties. Wl ,th the entrance of Adolf Hitler onto the European political stage, the movement fQr the Anschluss .. - the union of Germany and Austria .- t ook on a different light. Austrians no longer sought \.Ulion with a Germany v.ilich was dominated by Hitler. The net"l National $Gclalist Gertna,n Reich aimed at: the early acq'U1Si ,tiQn of Austria. The latter "(vas i mportant to the lteich fGr its agricultural and Batural reSources and would i mprove its geopolitical and military position in Europe. In 1934 the National Soci aU.sts assaSSinated Dr .. U.:. £tlto1bot''t Pollfuas, the Aust~i ..\n Cbaneellot'l in ,an 8.'ttcmp't to tillkltl c:ronet:Ql or his: eountry.
    [Show full text]