Business: Week's Statistics

Indices of business released last week included:

Cigarets produced during 1930 reached a new high of 119,624,909,900, an increase of 586,000,000 over 1929. Cigar production dropped 662,000,000 to 5,889,132,400. A decrease of 9,000,000 Ib. brought manufactured tobacco down to 328,765,000 Ib. Snuff produced was slightly less at 40,112,663 Ib.

Passengers carried by Manhattan's transit system during the third quarter of 1930 came to 752,136,000, a decrease of 3.8%. This marked the first decline since 1915, threatened to jumble the Untermyer Consolidation Plan (TIME, Jan. 12).

Pig Iron production during January was 1,714,266 tons, a gain of 3% over December—the first gain since April. Production during January 1930, however, was 2,827,464 tons, and last month's figure is the smallest for any January since 1922. Pig iron production is usually at its seasonal low during February, its high during March.

Car-loadings for four weeks ending Jan. 24 were 2,771,261, a drop of 17% from January a year ago.

Automobile production during January was 183,876 units (passenger cars and trucks). This compares with 283,606 units in January 1930, and 161,223 units in December 1930.

Banks eliminated by suspensions during 1930 came to 1,303, said American Banker last week, while banks eliminated by mergers were 767. Against this loss of 2,070 banks, 455 were added, of which 322 were new banks, 133 old banks reopened. Banks in existence Jan. 1 totaled 23,000 against 31,000 a decade ago.