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SURVEY of CURRENT BUSINESS April 1934

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APRIL 1934 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 14 NUMBER 4 The National Income, 1929-32 • The final report on the national income, a preliminary summary of which was published in the February issue of the Survey of Current Business, is now available for distri­ bution as Senate Document No. 124. The income estimates are presented in great detail by industrial divisions and by type of payment in a 261-page report, which contains over 200 statistical tables, 16 charts, and explanatory and analytical text. Copies may be ob­ tained at 20 cents each from the Superintendent of Docu­ ments, Government Printing Office, Washington, D.C. Volume 14 APRIL 1934 Number 4 WEEKLY DATA THROUGH MARCH 31, 1934 MONTHLY DATA THROUGH FEBRUARY SURVEY OF CURRENT BUSINESS PUBLISHED BY UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON CONTENTS SUMMARIES AND CHARTS STATISTICAL DATA-Continued Page Business indicators................................................ 2 Monthly business statistics-Continued Pa~e Business situation summarized..................................... 3 Con~truction and real estate. .. .. .. .. • . .. 24 Comparison of principal data, 1930-34.............................. 4 Domestic trade................................................ 25 Commodity prices................................................. 5 Employment conditions and wages............................. 27 Domestic trade.................................................... 6 Finance ....................................................... 30 Employment....................................................... 7 Forel)l.n trade.................................................. 34 Finance........................................................... 8 Transportation and con1munications. o. o..... o... o............. 35 Foreig,rt trade...................................................... 9 Statistics on individual industries: Real estate and construction....................................... 10 Chemicals and allied products.............................. 36 Transportation.................................................... H Electric power and gas..................................... 38 .Survey of individual industries: Foo(lstuffs and tobacco ••••• o. o o o •••••••••••• , •••••••••• o o o. 39 1\.utontobiles ~1nd rttbber. • • • . • • • .. • • • • . • . • . • • . 12 Fuels and byproducts...................................... 42 Forest t>roducts................................................ 13 Leather an'l pro(ltrctso o. oo ••••••• o•.. oo o o oo o •• o •• o.• o. o o •• o 44 Iron attd steel .....•••••.....••••••••••••.•••... 4. 4............. 14 Lt1n1ber a11d 111anufactureso. o•••.• o•. o. o.•.• oo o o........... 44 Textiles...... .. .. .. .. .. 15 Metal and manufactures: lr<>n and steel. ........................... ,............. 45 SPECIAL ARTICLE Machinery and apparatus.............................. 47 Index of Sales of New Passen~er Automobiles........................ 16 Nonferrous n1etals and products .. o.......... o. o........ 48 Par)cr n.n<.l pritttinfl· •• 0 ••••••• 0 0 • 0 0 ••••••••••• 0 ••••• 0....... 49 STATISTICAL DATA Revised series: Rul)l)el a11d pro<lucts ... o ••••••••••••••••••• 4. 0. ~ 0 ••••••• 0. 0 51 Opcratin~ revenues, operatin~ cxvcnscs and. n~.:t railway operat~ Stone, clay, and ;;~lass products ........................ o. oo.. 52 in~ incotne of class 1 stcun1 railways.. • • 2;) Textile products........................................... 52 Weekly business statistics.......................................... 21 Transr·ortation equiprnent .•.• o•••••• o•• oo ••.•• o........... 54 Monthly business statistics: CanadiaR st:1tistics~ ...... 0•••• 0••••• 0............... 0•..•. 0..... 55 l~tlsiness indexes. 0 oo .. o. o...................................... 21 Index of revisions 1nade in December 1933 issue .•••••••••.• 4 •••••• ~. 56 Comm<>dity prices............................................. 23 General in.:.! ex ...••.. , ...••••• 0. 0 0 0 •••••• 0 4 0 •• 0 •• 0 •••• InsJde back cover Subscr:ption price of the SuRVEY oF CeRRENT Busi=-rEss is $l.50 a year, which includes the 12 monthly numbers, the- i':f32 aunuJ.t supplement, and the 52 weekly supplements. Singl~-copv ~~rice: .i\foathly, 10 C(':ltr.; weekly, 5 cents; annual, 40 cents, Foreign subscription3, $3, induJing weekly r.nd 1932 annual Fupplements. J\-lakc remittances only to Superintec.dcnt of Documents, \V ashington, D.C., by postal money order, express order, or Ne.v York draft. Currency at senJer's risk. Postage stamps or foreign money not accepted 47657-3{--1 2 SCJiYEY OF CGRRENT B"CSI:KESS :\pi i' I \I') 1 Business Indicators 1923-25=100 ----------------- !r~DUSTR!/\i~~ Pr::ODJCT;r)~·l 160 i-----.--------------------:-·--- ____ ]_________ _ i ! : I . ! IQQ ~~~~2~~'/IL(::t~~;}\~-i------: i ' i , ___ /--j--./ ' ' /f'Q ~ ij_.Ll_j_.i.J.U j_J_j_U.J_ili_u_'_:_)__iJJ..~J_t J.! .LLL~~-!J~. ~--~.U.LL'- 1 .Lu tJ...!JJ ; --~ CO:<STFUCTION CC'~-~Ti=U~::TS l\·N,Ll,RDEG 2(;0 ~--·····- -~---------------·:·-- ··-r-----·-: I .r Wl~' .~:,!L<J r.:) ' iOd¥~--L ______ J_ ___ ~------~----~·--- .. )/ \r~.... _l:r);O';--..... , ~ : \/ c.~'C\.\'' /i:_~ ,, ._,-f{i_.,,_C'.. -. 0 Lu_u.LtJJJ.i.L_WJlmu±~~~-_;:tJ.rrr:·i~"':t"~2~~l·J.'l.cJ DEPARTMENT STORE SALES 200 0 VALUE OF EXPORTS VALUE OF IMPORTS 200 2oor----.~~~~~~~~~_,----, e AOJUST£0 FON SEASONAL VARIATION *REPORTING MEMBER BANKS D.O. 7tiSS ,, April 1934 SUHVEY OF CURRENT BUSINESS ,) Business Situation Summarized USINESS activity improYed during February, and tobacco--r<'eorded decreases for the month. The rise B the forward movement has continued in 11arch. in the indexes of coal production reflected the seYen' The expansion in manufacturing output in February weatlH'r conditions, as "~en as increased industrial was n.ccompnnicd by a pronouneed rise in both factory drmands. The gain in tho composite index of indns­ employment and pay rolls, the latter exceeding the trinl production for the month, nfter nllownnce for the total for last September, which was tlH' l1igl:est. re­ sea:oonal tn'nd, wa~. nearly 4 percent, bringing the index ported in 1933. Cash income rocoiYed by fnmwrs from eonsiclfrnhly ldiOYC OO{ i\ l 933 nnd 19:32, <Ill(] '.\ ithin 5 the snle of fn,rm products 1·ose nearly 5 r:e~·emt dnring perecnt of the snmP month of 1931. the month after allowance fer the sensond trf'nd, nnd ThE' substnntial illcrenses in rrivnte employnH'lli in '"·:;,; (:):) j)(~l·cent above a year age•. lncrnases in the Fubrunry were the result of ulditions to the Pumbcr of mnjor distribution seri(•c_; L:wc not bPen ~:s lnrg(' as fuctory workc>r,,, ns therl' wus n ;:;mnll drcn•u,·c in ~h(' tho c- re:ported for production, the Febnwi')' ri,:P in noum:m:d'acturing industries currently sm·vc~,~Pd. For frci~!·ht-car loncling:s being in accord •,1ith ti:e u:;unl factories, the ri:'r in employmt>nt 1n1::- G percent \"l per­ Ill()H'mcnt. Hf't.nil sales figures indica ted no marked cent nft('r udjn;,iment for sensonnl Y::riiltioJJR) :nHl in change in eonsomH'r purdwciing during the month, p~ty rolk 12 percent, the latter being tLe l:irgcst cxcPpt in tlw case of automobile,,, the Ynlue of w!Jiel1 monthly ~:<<in reported oyer the period since collt p:: rn hk \nts nhout double the Jnrmnry total. Construction uuta first bcc'nme nvailubh', namely, 1D1 D. work, ~'~. Itlettsured by the contracts uwurded, dt'clined Wholesale prices changed only slightly in the ,) \'> ceks during Fehrtwry but tun1ed lll"'·nrd in tlw llrs1 hnlf r11dcd f.Inrch :24. The rnpid rise in tlH' first (i Wl'eks of March. of the year has beeu succeeded by an irregulr, r mo>e­ Incrensing aut()mobilc output has been an important ment. Hl'tnil prices, farm prices, nncl the co::-t of liYing influence on tlu~ trend of nctiYity clnring recent weeks. moYcd higher during Febnwry. The February adjusted inclex of automobile production \rhilc gold reeeipts \H'.re heaYy during 1\lnrch, the was the higlwst figure reported since :1Iay I 93 J, and oHt\Ynrcl movement from Europe tO\Yard this country output has been larger in .Mureh. Iron and steel has tapered off. The excess reseryes of the member production increased rapidly in February, but by the bnnks hnve continued to mour{t to unprecedented middle of March opemtions had leveled off. Improve­ tot,uls, but the expansion in member bank loans and ment in the textile industry has continued at a slower innstments hns been confined to Government r,:ecurity rate, the adjusted index ndvancin?, 5 percent in Feb­ holdings. No change has occurred in the new capital ruary. Three of the major groups for which produc­ market, n.nd f:lotations have been few in number and tion tlata are available-food produets, lumber, and small in total. MONTHLY BUSINESS INDEXES '' t'actory em- .: Department I ~o•·eign ,I :, = ' Industrialproduction II' ployment [' Freight-carloadlngs 'i storesales, trade,value,.! I= 'I"'- 'I ~ l------...,.-------~--1 and pay rolls:'------~--~ i value I adjusted'·~[' ~ 1, .;~ :1 ~ Unadjusted t Adjusted' li ~~ ~ -( Total r:~~~:~:~.- I I 1 t. ~!I'll ~! 1--...,----.,-~- ~~ ~~ I I' ~~ §~ -;;:;:; ~ ~ - =-... I - ... 1 - ... ;:g, ~s Year and month ~ -:.. ~ -:.. i~.· ~~c:: I I ~ ~ i i ..._: I -~ ~ ~~ ~~ II i~ s ., ~ s .5 et ~ = . ~ a ~ ~ ~ ~ I ! I _&=: I ~ 'I ~ ~ ~ ~ i ~ , ~ :.:! , i ! I .s ~ 1 .s ~ .s ~ .; - .: l1 a- l1 ~ \i Monthly Monthly average, 1923-25=100 1\ average, 1 926 1930: February--~~-~~~ --,w'"g"'rr'"o:->j--,;Iou-4-;-l--,;r o""7"-r;-;;o""7-;--'ro"'s'l'l
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  • Campus Comment, April 1934 Bridgewater State Teachers College

    Campus Comment, April 1934 Bridgewater State Teachers College

    Bridgewater State University Virtual Commons - Bridgewater State University The ommeC nt Campus Journals and Publications 1934 Campus Comment, April 1934 Bridgewater State Teachers College Volume 7 Number 8 Recommended Citation Bridgewater State Teachers College. (1934). Campus Comment, April 1934. 7(8). Retrieved from: http://vc.bridgew.edu/comment/41 This item is available as part of Virtual Commons, the open-access institutional repository of Bridgewater State University, Bridgewater, Massachusetts. Glee Club Concert l April 27 ~AMPUS ~O MMENT r "AS~:yL;;eIt" STATE TEACHERS COLLEGE, BRIDGEWATER, MASS. l ______ Vol. VII APRIL. 1934 No.8 =-----------~.~ ~-----~-"------------=======--~-~- --- --~-- Minnie Cahill, Recently Retired, PrOlllille11t JUlliors Irene Kidd Next Head of S.C~--A~ Now at Conference A d T' · .' Describes Bridgewater of 1895 By Elsie Anderson U ry rIpp V ICe-PresIdent .---------------------------- One of the F all River Line boats • Former J anitress Knew carried four people from Bridgewater Flute, IIarp Solos All Four Officers $100 Prize Offered to New York, ThurFday evening, April Albert Gardner Boyden Now Elected For Piece of ~Iusic 12. They are Irene Kidd, president­ To be Features of elect of the Student Cooperative Asso­ By Nellie Beaton ciation; Audrey Tripp, vice-president Glee Club Concert By Barbara Smith elect; Kenneth Murphy, president of A prize of $100 is being offered to "She is one of the most efficient One who has served Bridgewater the junior class; and Miss Mary V. '':lTIyone 'l.vho ,vrites the winning music Carols, French selections, and In- people I have ever known, capable of forty years, watched its progress, and Smith of the faculty.
  • THE JANUARY 1934 COLD WAVE on MOUNT WASHINGTON, N.H. by SALVATOREPMLIUCA [Mount Washington Observatory, Gorham, N.H., Feh

    THE JANUARY 1934 COLD WAVE on MOUNT WASHINGTON, N.H. by SALVATOREPMLIUCA [Mount Washington Observatory, Gorham, N.H., Feh

    FEBRUARY 1934 MONTHLY WEATHER REVIEW 57 On December 20 the wind at 4 p.m. was S., 6 miles per vation, and 82 miles per hour at 7,400 feet above the hour at the surface, but increased rapidly with altitude ground. The strong southwest wind set in nt 11:30 p.ni. to 68 miles per hour at 3,500 feet. However, the light On December 29 at 4 a.m. the wind was ENE., 2 miles surface wind shifted to N. from 5 to 7:30 p.ni., when the per hour at the surface; WSW., 33 miles per hour at 1,500 strong southwest wind began. feet elevation, and W. at the surface st about 1:30 p.m. On December 21 the wind was ENE., 14 miles per hour, The temperature and humidity of these winds aloft would at the surface, SW., 29 desper hour, at 1,500 feet ele- be interesting. THE JANUARY 1934 COLD WAVE ON MOUNT WASHINGTON, N.H. By SALVATOREPMLIUCA [Mount Washington Observatory, Gorham, N.H., Feh. 10, 19341 The cold wave of January 29, 1034, hit Mount Wash- further shift in wind to the NW. With a temperature of ington with extreme severity. The preceding day, Janu- 5' below zero at midnight, a total drop of 20' had occnrred ary 28, was characterized by relatively mild conditions, in the previous 4 hours. (See fig. 1.) FIGURE1.-The cold wave of Jan. 28-30, 1934, on Mount Washington, N.H. (1.911 meters or 6,270 feet above m.s.1.) Drawn by Wendell Stephenson, Mount Washing- ton Observatory.