-201- LADIES', MISSES' AND CHILDREN'S HANDBAGS Number of Employees On the basis of Census data supplemented by statistics presented by the industry, it is estimated that the average number of employees in the Ladies', Misses' and Children's Handbag Industry in 1929 was about lO,000. . Summary This is a young and growing industry. Hours should be further shortened. There are a few objections to certain minor provisions. Scope and Size of the Industry As defined in the proposed code, the industry includes the manu- facture of handbags, pocketbooks, and purses- for ladies, misses, and -hildren. All materials are included, but the manufacture of pocket- books and billfolds for men is not so included. The industry as so defined has in recent years represented an annual volume of business ranging from a maximum of about 67 million dollars in 1929 to about 35 million dollars in 1931 and 1932. The development of the industry from the first decade of the century has been rapid, and it is still in an early phase of its life cycle and can be expected to maintain and perhaps further increase its importance. raken in connection with the fact that it is now operating at maximum irolume of production, this condition, of vigorous growth indicates that this industry should be expected to continue increasing employment and wouldd readily submit to further restriction of hours for that purpose. rhe following table shows the increase in employment and volume since L921: Wage Value of Earners Product _____ (Thousands) 1921 2,715 $13,085 1923 5,518 32,732 1935 6,826. 43,105 1927 8,570 57,345 1929 10,430 68,628 1931 8,747 43,147 1932 12,000 35,000 1933 12,000 35,000 Source: 1923 1931, Bureau of Census. 1932 and 1933 Report from the industry. It may be noted that an average of about 7 per cent of employment and volume produced should be deducted from these figures to cover the production of men's pocketbooks and billfolds.