Survey of Current Business December 1932
Total Page:16
File Type:pdf, Size:1020Kb
DECEMBER, 1932 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 12 NUMBER 12 Many new series of statistical data added beginning with this issue — is the first general revision since June, 1932, when the series in the A monthly numbers and the 1932 ANNUAL SUPPLEMENT were brought into exact conformity. More than 80 series have been added while, owing to lack of current statistics, approximately the same number has been dropped. For the series discontinued the November issue brought the record up to the latest month for which data are available. All of the new series added have been indicated with an asterisk (*). Data for earlier months are not in the 1932 ANNUAL SUPPLEMENT but, in some instances, have been published in the monthly issues and will be found on the pages indicated in the footnotes. Back data for the other series will be presented in early issues. In subsequent numbers references to back data not given in the 1932 ANNUAL SUPPLEMENT will be given in the footnotes. A record of the new series added as well as those discontinued appears on page 56, this issue. The large reduction in the printing funds available to the BUREAU for the current year makes it impossible to print an ANNUAL SUPPLEMENT to the SURVEY OF CURRENT BUSINESS IN 1933. It is important, con- sequently, that these tables giving the back data for the new series be preserved, if you wish later to have a complete statistical record through the year 1932. New subscribers to the SURVEY will be furnished with a copy of the 1932 ANNUAL SUPPLEMENT until the supply is exhausted. Volume 12 DECEMBER, 1932 Number 12 WEEKLY DATA THROUGH NOVEMBER 26, 1932 MONTHLY DATA THROUGH OCTOBER SURVEY OF CURRENT BUSINESS PUBLISHED BY UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON CONTENTS SUMMARIES AND CHARTS ST ATI STIC A L DAT A—Continued Page Page Business indicators 2 Weekly business statistics 21 Business situation summarized 3 Monthly business statistics: Comparison of principal data, 1928 to 1932 4 Business indexes 22 Commodity prices 5 Commodity prices 23 Domestic trade 6 Construction and real estate 24 Employment 7 Domestic trade 25 Finance 8 Employment conditions and wages 27 Foreign trade 9 Finance 30 Real estate and construction 10 Foreign trade 34 Transportation 11 Transportation and communications 34 Survey of individual industries: Automobiles and rubber 12 Statistics on individual industries— Chemicals 13 Chemicals and allied products 36 Farm and food products 14 Electric power and gas 38 Forest products 15 Foodstuffs and tobacco 39 Iron and steel 16 Fuels and by-products 42 Textiles 17 Leather and products 43 Lumber and manufactures 44 STATISTICAL DATA Metals and manufactures— New and revised series: Iron and steel 45 Factory employment and pay rolls, Baltimore, Milwaukee, Machinery and apparatus 47 Philadelphia, Maryland, Massachusetts; Federal civilian em- Nonferous metals and products 48 ployees, United States; Trade union members employed; Paper and printing 49 Hourly factory earnings, United States; Weekly earnings, Rubber and products 50 Massachusetts 18 Stone, clay, and glass products 51 Fairchild retail price index 19 Textile products 52 Gold imports; Tin and terne plate, production and tin consump- Transportation equipment 54 tion in manufacture of; Department store sales, Phila- Canadian statistics 55 delphia 20 Index Inside back cover Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year, which includes the 12 monthly numbers, the 1932 annual supplement, and the 52 weekly supplements. Single copy price: Monthly, 10 cents; weekly, 5 cents; annual, 40 cents. Foreign subscriptions, £3, including weekly and 1932 annual supplements. Make remittances only to Superintendent 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 148648—32 1 SURVEY OF CURRENT BUSINESS December, 1932 Business Indicators 1923-1925 = 100 INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTION 160 160 MANUFACTURES (ADJUSTED) 'MINERALS (ADJUSTED)9 40 FACTORY EMPLOYMENT FACTORY PAYROLLS 160 160 TOTAL FREIGHT CAR LOADINGS FREIGHT CAR LOADINGS L.C.L. ISO 160 S UN ADJUSTED {ADJUSTED* DEPARTMENT STORE SALES WHOLESALE PRICES 200 160 VALUE OF EXPORTS VALUE OF IMPORTS 2OO 200 100 ^J^A^A BANK DEBITS OUTSIDE NEW YORK CITY BUILDING CONTRACTS AWARDED 200 200 I ^UNADJUSTED 100 fSTED n ii MI i in ii i 1928 1929 1930 1931 1932 1928 1929 1930 193! 1932 ADJUSTED FOR SEASONAL VARIATION December, 1932 SURVEY OF CURRENT BUSINESS Business Situation Summarized USINESS activity was maintained during October Employment conditions were further improved durV B at the level reached in the preceding month. To- ing October, marking the third successive monthly ward the close of the month and in the first half of Novem- gain. Factory employment increased 1.3 per cent ber there was some slowing down which, however, was after allowance for seasonal factors, and, as in the pre- mainly seasonal. Industrial production in October was ceding month, the increases were rather widespread. at the same rate as in September, employment and pay Pay-roll disbursements were also larger for the month. rolls expanded further, freight-car loadings increased, Freight-car loadings through the middle of October retail sales were larger, and construction activity expanded by more than the normal seasonal amount, declined. Foreign trade increased. The October ad- and for the month as a whole the adjusted index ad- vance in both exports and imports was of full seasonal vanced 5.5 per cent. Since reaching the fall peak, proportions for the first time since 1929. loadings have receded by somewhat more than ustial. Industrial output was unchanged from the Septem- Merchandise 1. c. 1. shipments were unchanged from jthe ber level, as a result of a further increase in mineral preceding month and the adjusted index was oinly production, principally coal. Manufacturing produc- slightly above the August low. < ; tion was slightly lower for the month and the con- Commodity prices continued reactionary through- sumer goods industries, which have been responsible out October. The wholesale price index averaged for the major part of the fall rise, showed some reces- lower for the month, following three monthly increases sion. The decline in textiles was not pronounced, since June, but quotations in the first three weeks of but there is usually an increase in October. The November have displayed a firming tendency. - decline in the output of food products and of tobacco Banking statistics reveal a continuation of the trends manufactures was in excess of the seasonal movement, of the preceding month. Bank deposits increased, but in the leather products industry the decline was loans wTere further liquidated, money in circulation less than seasonal. The heavy industries, with the declined, gold stocks increased, and bank failures re- exception of automobiles, made a relatively better mained low. Security prices declined during October record in October, although activity in these lines has and November, but the turnover has been small. Com- not been so pronounced as in the industries producing mercial failures increased in October, but for the first consumer goods. The iron and steel, lumber, cement, time since September, 1931, were below the total for and electric power industries all showed gains for the the same month of the preceding year. Liabilities month. involved were the lowest of the year. MONTHLY BUSINESS INDEXES - l Factory em- Department Foreign k Industrial production ployment Freight-car loadings store sales, trade, value, ! al com Yor , and pay rolls adjusted - 4 value d w 78 , i CB Ne >-. e Merchan- s Unadjusted i Adjusted 2 0 Total dise,!. C.I. adjuste y , K index e Cit 03 contracts outsid Year and month O i| I] n § s ** 3 T3 •c moditie pric 3 3 QJ o value , 05 *l e u as C* as •** c8 "aa "O 1 •e x a 3 t> j§ I 0 -S debit 1 1 IJ VI aa 3 3 '3 k ^ o> o» P 3 3 types 1 C 3 fi s rt f 1 § a 1 ••5 1 I Constructio Ban 1 7, i e S i K < 1 < P f 3 Wholesal Monthly Monthly average 1923-1925 = 100 average 192 6 MOO 1930: October 90 87 105 88 j 95 82.2 80.8 97 86 97 93 112 102 71 75 | 120.0 78 ;83. 0 1931: October .. _ - 75 72 90 73 " 82 70.3 59.4 69 87 83 93 86 44 51 I 91.9 55 m. 3 November 72 70 83 73 71 81 69.3 £6.2 70 68 85 83 95 83 44 46 ! 74.0 49 :70. 2 December 68 66 79 74 73 84 69.4 55.8 61 69 77 83 142 81 46 48 1 86. 7 38 68.6 1932: January 71 70 74 72 71 77 68.1 52.4 58 64 75 81 64 78 39 42 80.6 31 67. 3 February 71 70 75 70 68 78 67.8 53.6 59 62 75 78 64 78 45 41 65.2 27 '66.3 March 68 66 77 67 64 84 66.4 52.3 58 61 75 75 70 72 41 37 69.6 26 . 66. 0 April 64 63 72 63 61 79 64.3 48.7 57 59 75 73 76 80 38 36 72.8 27 -65. 5 May 61 60 65 60 58 67 62.1 46.2 53 54 74 71 73 73 37 34 '63.4 26 64.4 June.. - - - 59 59 61 59 58 63 60.0 42.6 52 52 71 71 67 71 34 36 65.4 27 63.9 July 56 55 62 58 57 64 58.3 39.6 51 51 68 69 47 67 32 63.4 27 64.5 August 59 58 66 60 59 65 58.8 40.1 53 51 68 68 50 66 31 29 59.6 ; 30 .565.