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This PDF Is a Selection from a Published Volume from the National Bureau of Economic Research This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: Annual Report of the Director of Research 1934-1935 Volume Author/Editor: NBER Volume Publisher: NBER Volume ISBN: Volume URL: http://www.nber.org/books/annu34-1 Conference Date: Publication Date: Feburary 4, 1935 Chapter Title: Annual Report of the Director of Research 1934-1935 Chapter Author(s): NBER Chapter URL: http://www.nber.org/chapters/c12278 Chapter pages in book: (p. 1 - 29) .-1' - pPtt 1 t ? , k ' • •.• r NATIONAL BUREAU 1I OF ECONOMICRESEARCH -. Annual ReportINCORPORATED ofthe Director 0 •. f. of Research )i • I — ••'• I £ 1934-1935 I•j I 'iId'kI '. ,- 1L-- L 1 •-•. -. \_ .( t 1L1- -i I t_- • •- I •, — FEBRUARY,i . NEWYORK 1 1819 BROADWAy ' 'rl' F I •_• r_,. p — Officers1935 III ResearchesOur Fifteenth in ProgressYear CHARLESOSWALDJOSEPHGEORGESHEPARDA. H.W. SOULE,BUSS, MORGAN,WILLITS, KNAUTH. Executive Vice-President TreasurerPresident Chairman Secretary INCOMEStudiesEstimates of ofProfessional Nafrional IncomesIncome HARRYOSWALDrector, W. TheW. LAIDLER, KNAUTHLeague ExecutiveforIndustrialDirectors Di. atSHEPARDELWOOD Largemissione, MEAD, of MORGAN, Reclamation UnitedVice-President,States Corn. WAGESPROFITS AND OF BUSINESS LABOR PROBLEMS ENTERPRISES L.GEORGE NationalDemocracyandC. MARSHALL,Company0.Isdustrial MAY, ExecutiveRecovery Price, Board WaterhouseSecretary, N.GEORGEBureau,ChaseConsultantI. STONE, National Inc.SOULE, Industrial Bank Director,andThe Financial Labor THEOF FORMATIONCAPITAL AND THE CONSUMPTION WALTONEDWINHARRY JEROME,F.H. GAY, HAMILTON, Harvard WisconsinDirectors Yaleby UniversityJOSEPHWESLEYHARRY AppointmentALVINH.C. WILLITS, MITCHELL, MILLIS, Pennsylvania Columbia Chicago PRICESBONDCURITY YIELDS, AND PRICES PRODUCTION INTEREST RATES AND SE. GEORGELEEDAVIDDirectorsGALLOWAY,E. FRIDAY, ROBERTS,Appointed American American American by OtherManagementEconomic BankersOrganizations Association Association Association BUSINESSPUBLIC WORKS CYCLES AND SECULAR TRENDS FREDERICKMALCOLMARCHW.C. M.SHAW, RORTY, FEIKER,Research National American AmericanStaffPublishersStatistical EngineeringAssociation Association Council III PublicationsPUBLICATIONS IN ig ARTHURSIMON F.KUZNETSWESLEY BURNSEUGENLEO C.ALTSCHUL. MITCHELL,FREDERICK FREDERICKWOLMAN Associate Director C.R. MILLSMACAULAY PUBLICATIONSBulletinsBooks IN PROSPECT IVV PersonnelPlanningBulletinsBooks I. 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