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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, APRIL 13, 1939
SUMMARY OF BUSINESS TRENDS
"DUSINESS activity has held at an even pace during the early
•*-* part of April. Favorable reports on current volumes were
generally obscured as stock prices moved sharply lower and
political events in Europe again held the spotlight. The drop
in stock prices carried the Dow-Jones "averages" of industrial
shares to 121 on April 8, compared with the 1938 high of 158 and
the 1938 low of 99. Railroad and utility shares also moved
lower. Commodity prices showed little change.
Included in the news reports of the week were a spurt in retail
sales of automobiles, an enlarged volume of pre-Easter generalmerchandise sales, a substantial gain in loadings of merchandise
and miscellaneous freight, a marked rise over a year ago in sales
of electrical equipment in March and another favorable report
on the volume of private residential building from the F. W.
Dodge Corporation.
The principal change in industrial output last week was the
decline in coal output as operations over a large area were suspended pending the completion of a new labor contract. Steel
output was down about a point, and automobile assemblies were
slightly higher. Industrial output is currently about one-fourth
above the level of a year ago, with practically all major industries
operating at a rate considerably higher than in the corresponding
period of 1938. A year ago the 1937-38 recession was close to
the bottom which so far as industrial output is concerned was
reached in May.
The total value of construction contracts in March for the 37
States covered by the Dodge reporting service was $300,661,000.
Aside from the 1938 period when public awards were unusually
large, this represented the highest monthly total, with two
exceptions in 1937, since 1931. Residential awards of $125,225,000 were the highest for any month since 1929. While the
50-percent gain from February to March in residential contracts
was outstanding, there was a substantial seasonal rise also in nonresidential building contracts. Utility awards were but little
changed from the February total.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(PERCENT
BITUMINOUS COAL
(MILLIONS
ELECTRIC POWER
OF CAPACITY)
PRODUCTION
OF SHORT
COMMODITY PRICES
PRODUCTION
[MOODX'S I N D E X - DEC. 3 1 , I S 3 I -
(MILLION5 Of KILOWATT HOURS)
PRICES OF 3 4 8 INDUSTRIAL STOCKS
CONSTRUCTION CONTRACTS - F. W DODGE
TONS)
tOO)
(INDEX,
(DAILY AVERAGE AWARDS-MILLIONS OF DOLLARS)
1926= 100)
TZCrCORPORtfTE BONDS
(PERCENT)
\
1938-*
1\
'939 y
3.6
3.4
500U
WHOLESALE COMMODITY
100
100
95
95
„ FINISHED
PRODUCTS
90
90
85
85
80
75
\
RAW
(I9Z6 = 100)
BUILDING
MATERIALS
95
80
75
65
p
J
r^ff"—-"**L
METALS AW METAL
1938
1939
,
v
PRODUCTS'^
•
CHEMICALS
70
.
85
75
70
i
90
HOUSE FURNISHING GOODS
80
65
.
100
MATERIALS
1937
130811—39
f
PRICES
AND DRUGS
70
, I . . ) . , I , .
1937
1938
1939
65
1937
1938
1939
WEEKLY BUSINESS INDICATORS
[Weekly average 1923-25=100]
Business activity:! 1
New York Timesle? Barron'Sc?
Business Week
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (813)
Farm products (67)
Food (122)
All other (624)
Fisher's index, 1926=100:
Combined index (120)_
Copper, electrolytic?-Cotton, middling, spot
Apr. Apr. Mar. Mar. Mar. Apr. Apr. Apr. Apr.
10
3
25
11
9
2
18
Finance—Continued*
Banking:
Debits, outside N. Y. C.J____
Federal Reserve reporting
member banks:
Loans, total
Interest rates:
Call loans*
Time loans*..
Currency in circulation*
Production:
Automobiles
Bituminous coal*
___
Cotton consumption!
Electric power*Lumber.
Petroleum*
Steel ingots©
Receipts, primary markets:
Cattle and calves
Hogs.
Cotton
Wheat
89.4 88.5
89.5 78.2 78.U06.2 105.9
95.2 94.1 94.0 94.2 73.0 72.'4 105.4 112.4
98.7 79.0 79.1 113.6 114.0
76.5 76.6 76.7 77.0 78.5
66.6 66.7 67.1 68. 68.1
70.5 70.8 70.7 71.4 72.2
80.7 80. 82.2
80.7
78.8 87.9 88.3
68.8 93.5 96.0
87.9
72.6
82.4 86.3 86.1
79. e 79.8 79.8 79.9 80. 80.9 81.2 94.5 94.7
78.3 79.7 79.7 79.7 79. 71.0 71. 0 118.8 117.4
55.1
0 33.8 31.6 31.6
32.0 32.4 32.7
77.1 90.2 55.0
Construction contracts*
63.0 63.1 62.0
D istri bution: C arloadings
Employment: Detroit, factory- -Finance:
60.2 63.9 74.0 63.6
Failures, commercial
66.0 65.0 65.2 64.5
... .
Bond yields*
Stock prices*...
-; 92.6 99. 2 101.9 106. 2
69.3
61.7 54.4 54.6 74.
70.5
1937
1938
1939
1937
1938
1939
Apr. Apr. Mar. Mar. Mar. Apr. Apr. ^pr. Apr,
10
3
9
2
25
18
63.1
75.2
87.3
63.4 62.2 69.3 48.2 47.2
68.1
64.6 79.5 80.1
109.1 79.9 76.0 135. 139.0
• D a t a do not cover calendar weeks in all cases.
|Computed normal»=100.
^Seasonally adjusted.
®Inriex for week ended Apr. 15 is 89.5.
117.3 82.3 90.2 86.5 83.7 90.4 80.6 101.2 126.3
65.3 66.6 65.7 66.3 66.7 69.4 70.2 75.0 74.9
24.2 24.2 24.2 24.2 54.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
141.4 139.9 139.3 139.3 139.1 131.8 130.9 131.7 131.5
114.1112.7 117.2 113.7 110.2 79.9
78.9 73.0 75.0 78.3 56.4
111.1 109.8 110.2 88.2
132.7 132.0 133.6 134.3 119.4
42.9 38.4 38.9 37.4 40.1
161.2 162.4 162.5 161.0 162.8
94.0 96.4 95.2 95.7 94.6 55.0
125.6
81.1
132.
128.9
39.7 56.7 55.3
161.6 164.5 164.3
60.3 147.7 149.0
75.4
51.4
87.3
118.8
130.0
57.1
135.0
130.6
56, 63.0 57.6 63.1 69.1 60.9 65.3 71.2
35.8 36.3 36.1 33.0 33.6 36.5 42.7 39.4
29.2 30.4 37.3 39.6 34.6 41.5 40.8 36.9 56.6
38.8
40.2 37.9 42.5
JDaily average.
t Weekly average, 1928-30 •= 100.
cfFor description of these indexes, see p . 4 of the Dec. 16,1937 issue.
WEEKLY BUSINESS STATISTICS
1939
Apr. 8
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York *
dol. per lb.
Cotton, middling, spot, New York
do..Food index (BradstreeVs)
do...
Iron and steel, composite.
dol. per ton-.
Wheat, No. 2 hard winter (Kansas City)..dol. per buFINANCE
Banking:
Debits, New York City
mil. of doU
Debits, outside of New York City
do—
Federal Reserve banks:
Reserve bank credit, total
do...
U. S. Government securities...
do,--.
Member bank reserve balances.-do,--.
Excess reserves, estimated
_
do—Federal Reserve reporting member banks:
Deposits, demand, adjusted
do...
Deposits, time.
-do..,.
Investments, total§
do
U. S. Government direct obligationsdo
Obligations fully guaranteed by U. S. Governmentmil. of dol..
Loans, total§
_
do
Commercial, industrial, and agricultural loans§
mil. of dol..
Interest rates, call loans*
percent..
Interest rates, time loans*
.do _ .
Exchange rates:
French franc*
: cents..
Pound sterling*
_
dollars..
Failures, commercial
numbersCurrency in circulation*
mil. of dol..
Security markets:
Bond sales (N; Y. S. E.)
thous. of dol. par value..
Bond yields (Moody's) (120 bonds)*
percentStock sales (JV. Y. S. E.)
thous. of shares..
Stock prices {N. Y. Times)%
dol. per share..
Stock prices (Standard Statistics) (411)
1926=100Industrials (339)
do
Public utilities (40)
do....
Railroads (32)
do .
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles
number.
Bituminous coal*
thous. of short tons..
Electric power
mil. of kw.-hr..
Petroleum*
..
thous. of bbL.
Steel ingots®..
_
pet. of capacity..
Construction-contract awards*
thous. of doL.
Distribution:
Freight-car loadings, total
cars..
Coal and coke
do
Forest products
„
do
Grains and grain products
do
Livestock
„
do
Merchandise, I. e. 1
do
Ore
__.
do
Miscellaneous
_
1
"do
Receipts:
Cattle and calves
thousands .
Hogs
do
Cotton into sight
thous. of bales,.
Wheat, at primary markets
-.thous. of bu_.
Apr.l
1938
Mar. 25
Mar. 18
Mar. 11
Mar. 4
Apr. 9
1937
Apr. 2
Apr. 10
Apr. 11
0.108
.087
2.27
36.40
0.110
.088
2.29
36.42
0.110
.089
2.31
36.42
.68
0.110
.086
2.29
36.39
.69
0.110
.092
2.34
36.39
0.110
.091
2.33
36.38
0.098
.086
2.41
38.62
.84
0.098
.086
2.44
38.71
0.164
.146
2.94
40.55
1.44
0.162
.150
2.99
40.19
1.41
0.090
.117
2.60
33.11
3,641
4,636
3,094
3,813
3,509
4,181
4,112
4,011
3,755
3,882
3,548
4,462
3,975
4,191
2,835
3,740
4,624
4,693
3,813
4,878
3,733
4,060
2,584
2,564
9,318
3,708
2,578
2,564
9,125
3,519
2,573
2,564
3,364
2,595
2,564
9,077
3,443
2,565
2,564
3,407
2,586
2,564
8,942
3,382
2,596
2,564
7,596
1,575
2,587
2,564
7,312
1,560
2,493
2,459
6,G84
1,442
2,458
2,430
6,639
1,398
2,479
2,430
5,161
2,334
16,072
5,215
13,470
8,145
15,991
5,217
13,388
8,096
15,976
5,212
13,533
8,238
16,143
5,198
13,541
8,280
16,086
5,224
13,450
8,176
15,965
5,202
13,408
8,143
14,274
5,222
12,154
7,897
14,268
5,221
12,039
7,778
15,160
5,144
12,983
8,520
15,126
5,144
12,907
13,890
4,956
13,362
8,791
2,035
8,164
2,026
8,191
2,036
8,209
2,023
8,281
2,030
8,338
2,019
8,186
1,168
8,677
1,156
8,771
1,189
9,373
1,199
9,366
1,267
3,838
1.00
1.25
3,814
1.00
1.25
3,805
1.00
1.25
3,794
1.00
1.25
3,773
1.00
1.25
3,773
1.00
1.25
4,275
1.00
1.25
4,299
1.00
1.25
1.00
1.25
1.00
1.25
.75
1.00
2,648
4,681
245
6,865
2.648
4.681
260
6,793
2.647
4.682
301
6,765
2.649
4.685
259
6,763
2.651
4.690
258
6,755
4.6S8
2.647
214
6,752
3.082
4.964
253
6,400
3.051
4.966
282
6,358
4.556
4.899
196
4.600
4.892
192
6,387
6.594
4.945
220
5,916
32,820
3.81
6.842
89.95
81.8
95.8
79.6
25.0
39,010
3.75
7,140
96.32
87.6
102.9
83.3
27.8
32,130
3.76
4,995
99.00
86.7
102.1
81.8
27.1
40,060
3.72
5,593
103.09
89.8
105.1
86.4
29.5
51,220
3.73
5,561
105.94
95.0
111.8
88.3
31.7
43,850
3.78
4,641
103.83
92.5
108.9
86.5
30.4
33,720
4.59
4,424
77.63
68.4
80.8
63.8
20.9
47,780
4.62
7,373
73.76
63.7
75.9
57.7
19.0
67,520
3.99
8,651
131.78
121.5
142.6
100.0
58.2
79,020
3.93
7,245
135.03
127.6
150.3
102.5
61.6
48,930
3.95
7,112
124.86
110.6
127.1
103.4
50.0
87,019
85,980
1,344
2,210
3,358
56.1
12,379
89,400
1,243
2.199
3.382
55.4
14,489
86,725
1,278
2,225
3.384
55.7
8,823
84,095
1,333
2,238
3,353
55.1
78,705
1.407
2,244
3.315
55.8
11,376
60,975
960
1,990
3.392
32.6
57,500
876
1,979
3.367
35.7
11,119
99,196
972
2,176
3,428
89.9
95,827
1,381
2.147
3,422
90.7
10,134
110,190
1,246
1,934
2,890
64.5
604,241
110,716
27,129
32,087
10,774
157,406
9,108
257,021
605.462
120,968
28,109
31,680
11,315
153,714
7,577
252,099
594,668
123,678
26.130
29,984
11,219
152,325
8,932
242,300
591,691
125,280
25,927
31,211
10,175
152,422
7,559
239,117
598,691
136,543
24,446
32,344
9,637
153,420
8,979
233,322
521,978
95,631
22,502
28,781
11,090
150,613
6,177
207,184
623,489
77,497
23,814
31,571
10,948
154,314
5,178
220,167
711,079
126,930
35,732
29,241
11,568
173,653
17,450
316,505
721,229
129,317
38,422
31,683
10,789
174,258
12,896
323,864
621,843
118.864
28,907
29,299
11,177
161,575
8.792
263,229
178
232
79
199
235
97
3,380
182
234
103
2,891
168
214
90
3,083
163
215
91
2,820
187
218
108
2,245
193
237
106
2,495
206
277
96
2,283
225
256
147
2,440
217
227
108
1,142
54.7
76
3,147
3,017
•Data do not cover calendar weeks in aH cases.
jDaily average.
®Rate for week ended Apr. 15 is 52.1.
SNo longer ?tncUy comparable; for an explanation, see the corresponding dats in the forthcoming April 1939 issue of the Survey.
1936
Apr. 3
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1937, together with explanatory notes and references
to the sources of the data, may be found in the
1933 Supplement to the Survey
1939
March
1938
March
April
May
June
July
1939
DecemAugust Septem- October November
ber
January
'ebruary
CONSTBUCTION AND KEAL ESTATE
Pages 16, 21
Contract awards:
F. W. Dodge Corp. f37 States):
Construction, total value
thous. of dol~ 300,661 226,918 222,016 283,156 251,006 239,799 313,141 300,900 357,698 301.679 389,439 251,673 220,197
Building, total value*
do
223,011 167,219 155,012 160,924 167,485 160,541 187,048 191,571 243,693 211,261 231,052 165,162 .48,564
Construction cost indexes:
American Appraisal Co.:
183
182
182
182
182
182
181
181
181
183
183
Average, 30 cities
1913=100..
181
169
169
169
168
168
K9
167
167
168
168
171
Atlanta
do
167
192
192
192
192
192
193
193
New York
—
do....
192
191
191
102
193
191
167
167
167
166
166
1C2
163
166
164
164
162
164
San Francisco
do
164
185
185
184
184
180
187
St. Louis
_
do
184
184
184
184
188
184
Associated General Contractors (all types)
188
188
188
189
188
188
189
1913=100-.
188
188
188
188
188
DOMESTIC TRADE
Pages, 27, 28, 29
Retail trade:
Chain-store sales:
Variety-store sales:
Combined sales of 7 chains:
Unadjusted-—-----.——1929-31 -100..
Adjusted
__.-do.
Department stores:
Sales, total U. S., unadjusted.-1923-25~100~
Atlanta
do.
Boston
do,
Chicago
doCleveland
doDallas
-~
do_
Kansas City
1925=100-.
Minneapolis
1029-31=100NewYork
1923-25=100Philadelphia
d o Richmond
do.
St. Louis
doSan Francisco
do
Sales, total U. S.f adjusted
do
Atlanta
do.
Chicago
do.
Cleveland
do.
Dallas.....
...-.do.
Minneapolis
1929-31^=100.NewYork
1923-25«100_.
Philadelphia. do—
St. Louis
do_—
San Francisco
do
73.6
98.7
••79.7
'95.5
91
64
69
67
87
67
75
68
49
77
69
77
88
115
"101
'54
'67
'71
'89
'64
'63
••71
'52
'75
'68
'78
86
'115
'84
'87
'105
'86
86
'68
81.7
97.2
95.2
92.9
90.7
SO. 7
"TO. 9
95.7
88.0
98.9
85.2
96.3
94.1
98.5
98.2
96.7
102.2
100.2
193.6
104.9
77
101
67
86
76
97
£6
93
77
59
97
78
81
86
109
95
88
104
98
90
69
84
89
86
110
78
87
89
100
84
97
80
107
67
80
79
103
79
85
81
61
99
77
87
78
106
79
74
103
82
84
61
77
90
79
94
74
82
75
90
72
92
85
6b
103
58
79
46
60
59
72
61
65
100
55
72
65
83
74
81
64
48
81
63
86
83
128
87
78
108
93
86
62
83
90
91
120
73
96
89
117
8S
107
94
67
110
93
82
86
127
93
86
105
92
126
86
91
87
113
92
109
S8
75
127
92
91
84
106
82
82
100
92
85
65
81
99
126
86
P6
93
118
156
£03
138
157
152
182
151
147
164
127
209
143
162
89
119
94
93
105
97
92
70
87
95
114
.91
86
68
87
'94
34,438
16,274
18,163
32,120
14.746
17,373
31,169
14,572
16,597
28.841
12,828
16,013
32,797
15,637
17,160
30,505
13,828
16,677
28,270
12,247
16,023
29,525
13,085
16,440
33.235
15,140
18,096
29,406
12,425
16,981
18,879
21,050
32,340
14,533
17,806
27,490
12,380
15,110
1,123
17,915
1,167
40,325
1,172
21,147
1,123
19,139
1,073
15,918
1,038
14,761
1,015
16,382
866
14,341
997
13,219
12,302
875
36,528
1,263
19,122
963
12,788
239,915
162,258
77,658
244,997
126,079
118,918
352,212
196,483
155,729
220,277
158,843
61,434
513,132
348,765
164,367
469,697
390,633
79,064
417,618
181,968
235,650
238.318
145,983
92,335
765,188
166,908
394,787
220,016
174,770
479,112
240,931
238,181
276,689
220,131
56,559
540,723
377,550
163,173
150,023
84,887
80,8382,562
65,136
16,180
41,824
337,159 150,201
59,474
63,922
42,644
—iO,561 -17,963 -48,601
6,391
20,441
20,729
273,237 107,558 200,493
6,404
44,656
14,458
62,902 139,795
258,659
15,563
5,427
-lrO27
770
10,136
159,686
23,571
20,1712,475
136,115
12
111,029
86.0
100.0
*>92
P 105
»81
*85
*>88
M22
>101
J-9S
*105
P102
*94
*77
9
110
85
SU
83
105
82
79
82
104
84
78
101
72
58
73
83
113
83
78
103
96
88
65
85
106
82
118
95
102
105
96
'79
94
FINANCE
Pages 53,57,58,70,71,72,76
Banking:
Bank debits, total
mil. of dol_;
New York City
,
do.
Outside New York City
do.
Commercial failures:!
Grand total
number..
Liabilities, grand total-..
thous. of dol_.
Capital flotations;!
Securities Issued by type of security, total
(new capital and refunding).thous. of dol_.
New capital, total
do
Refunding, total
do
Securities issued by type of corporate borrower, total
thous. of dol_.
New capital, total
do.
Industrial
- . . . . . ^ ^ do
Public utilities.™" „ - ! "
Ido"—
Refunding, total
do
Industrial
do
Public utilities
do....
Stocks:
Cash dividend payments and rates (Moody's)
Annual payments at current rates (600 companies)
mil. of dol—
Number of shares, adjusted
millions..
Dividend rate pei share (weighted average)
(600 cos.)
Banks (21)
Industrials (492 cos.)....
Insurance (21 cos.)
Public utilities (30 cos.)
Rails (36 cos.)
dollars..
do
do
do
do....
do.
99,654
52,965
~18r55S
4,202
46,689
15,301
31,388
81,638 78,433 63,166 301,107 185,821 337,837
23,995 11,683 37,475 202,316 130,276 126,696
%660 -0,139 -18,405 143,201 -120,365
16,805
12,300
51,775
49,965
1,870
9,704
57,643 66,7E0 25,692 98,791 55,545 211,141
45,211
4, £07
2,002
41,659
6,000
5,500
23,570
1,265
94,284
60,500
46,045 169,382
300
1,334.15 1,457.60 1,443.85 1,328.37 1,287.10 1,288.80 L, 295.20 1,293.92 L, 293.59 L, 328.16 1,315.04 1,316.25
935.03
929.10
935.03
935.03
929.10
929.10
929.10
929.10
929.10
929.10
929.00
929.10
1.43
3.01
1.30
2.31
1.92
.90
1.57
3.07
1.42
2.38
1.97
1.54
1.55
3.07
1.41
2.38
1.93
1.54
1.43
3.07
1.27
2.37
1.91
1.29
1.39
3.00
1.22
2.22
1.94
1.18
1.39
3.00
1.23
2.24
1.94
1.09
1.39
3.00
1.24
2.24
1.94
1.09
1.39
3.00
1.24
2.24
1.93
1.09
•
1.39
3.00
1.24
2.24
1.
1.09
1.43
3.00
1.29
2.24
1.94
1.05
1.41
3.01
1.28
2.31
L92
.85
1.41
3.01
1.28
2.31
1.91
.90
,329.91
935.03
1.42
3.01
1.30
2.31
1.91
.90
TRANSPORTATION AND
COMMUNICATIONS
Pages 84,85
Class I steam railways:
Freight-car loadings (Federal Reserve):
Combined index, unadjusted.l923-25=100__
62
63
58
Combined index, adjusted
do
67
69
70
79
Grains and grain products
do__._
62
62
Merchandise, J. c. 1
do._^_
59
93
102
Ore
do.
32
' Revised.
•New series. Monthly data beginning 1925 will be shown in an early issue of the Survey.
tRevised series. Data for commercial failures revised beginning June 1934; see table 3, pp. 17-18 of the December 1938 Survey, Data on capital flotations revised beginning 1937; figures not shown on p. 34 of the April 1939 Survey will appear in a subsequent issue.
MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data, may be found in the
March
1933 Supplement to the Survey
FUELS AND BYPRODUCTS
Pages 119, 120,121, 122
Petroleum and products:
Crude petroleum:
Consumption (run to stills), ^thous. of bbl_.
Production
do
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl.
Light crude
_
_
_do...
East of California, total
..do___
Refineries
do...
Tank farms and pipe lines
do
Refined petroleum products:
Gas and fuel oils:
Production:
Residual fuel oil
do...
Gas, oil, and distillate fuels.total .do—_
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbl.
Gas, oil, and distillate fuels, totaLdo,..
Gasoline:
Consumption, domestic.—
_do
Production:
At natural gas plants
do
At refineries:
Total
do...
Straight r u n .
do...
Cracked
do,..
Natural gasoline blended
do...
Stocks, end of month:
Finished gasoline, total-do...
At refineries
do...
Natural gasoline
-do—.
Kerosene:
Consumption, domestic
do__.
Production
do—.
Stocks, refinery, end of month
do—
Lubricants:
Consumption, domesticdo.__.
Production
do
Stocks, refinery, end of month
do___.
METALS AND MANUFACTURES
Pages 131. 133, 137, 138,139
Pig Iron and iron manufactures:
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day..
Number
__
Production
thous. of long tons I.
Steel, crude and semimanufactured:
Ingots, stool:
Production
thous. of long t o n s Percent of capacity
Nonferrous metals:
Tin:
Dellveres
long tons..
Stocks, end of month:
World, visible supply
do.
United States
do.
Zinc:
Production, slab, at primary smelters
short tons..
Retorts m operation, end of mo., number..
Shipments, total..
short tons..
•Domestic
do
Stocks, refinery, end of mo
do
Machinery and apparatus:
Foundry equipment:
Orders:
New
1922-24=100..
Unfilled, end of month
do
Shipments
do
March
April
95,885
106,524
77
95,675
102,702
79
77,008
31,669
45,822
223,816
LEATHER AND PRODUCTS
Page 124
Leather:
Production:
Calf and kip.thous. of skins..
Cattle hides
_
thous. of hides..
Goat and kid
thous. of skins..
Sheep and lamb
do....
Stocks of cattle hides and leather, end of
month:
Total.
thous. of equiv. hides..
In process and
finished
do
Raw
do—.
77,860
123
2,407
1939
1933
July
August Septanber
May
June
99,238
98,674
79
93,880 99,856 101,352
94,277 102,898 106,165
79
77
SO
October
96,990 100,787
93,661 101,830
79
79
Novem- December
ber
January
97,309 97,964 99,614
98,567 102,287 102,490
77
78
79
February
87,797
93,475
76
79,965 81,822 82,833 84,724 85,132 86,705 87,222 87,399 87,222 87,595 87,002
31, £04 31,624 33,151 33,138 33,548 33,975 34,999 36,064 37,193 36,927 38,323
267,942 259,259 251.213 247,361 243,952 240,251 233,463 228,741 229,140 227,134 227,098
45,975 45,101 44,314 43,674 42,724 42,979 41,131 40,386 41,221 42,540 41, 777
221,967 214,158 206,899 203,687 201,228 197,272 192,332 188,355 187,919 184,594 185,321
25,323
12,294
24,833
11,577
24,392
12,160
22,761
10,784
23,547
12,688
24,232
12,691
24,552
13,074
25,487
13,820
24,573
12,793
25,197
13,873
25,800
14,135
21,476
12,797
25,981
18,882
27,815
19,972
29,284
22,385
30,282
24,699
32,285
26,620
32,874
28,841
33,661
30,860
33,344
33,017
30,935
32,069
26,991
27,873
24,309
24,650
21,952
21,731
41,259
43,254
44,911
48,293
47,474
50,459
46,058
46,272
44,991
41,649
•37,767
34.595
4,326
4,171
4,196
4,001
4,127
4,226
4,081
4,375
4,244
4,345
4,264
3,747
44,116
19,769
21,114
3,233
44,582
20,040
21,686
2,856
46,645
20,804
23,042
2,799
44,247
48,662
21,524
24,188
2,950
47,312
20,934
23,049
3,329
49,677
21,383
23,862
4,432
47,998
20,397
23,379
4,222
47,780
20,794
22,701
4,285
48,308
21,125
23,546
3,637
42,721
18,455
21,037
3,229
85,035
60,043
5,531
82,684
57,660
6,179
80,987
54,010
6,548
73,725
47,159
6,951
47,607
21,020
23,652
2,935
70,224
43,091
7,614
64,599
40,137
8,022
63,163
38,819
8,159
63,542
38,739
6,771
64,083
39,376
5,742
65,949
41,805
4,830
73,847
49,419
'4,647
79,691
54,569
4,708
5,150
5,798
6,093
4,333
5,445
6,394
3,637
5,649
7,627
3,257
5.235
9,202
3,752
4,889
10,112
4,292
4,933
10,149
4,187
5,348
10,497
5,185
5,320
9,949
5,368
5,419
9,676
6.813
5,739
7,799
5,980
5,702
6,711
5,901
5,174
6,452
2,195
2,697
8,210
1,591
2,530
8,290
1,730
2,595
8,255
1,606
2,378
8,114
1,844
2,631
8,194
2,002
2,576
7,969
2,127
2,615
7,605
1,805
2,632
7,718
1,735
2,535
7,817
1,831
2,384
7,695
1,609
2,527
7,762
1,653
2,522
7,951
1,127
1,617
2,831
2,125
870
1,381
2,506
1,827
865
1,409
2,371
2,010
1,032
1,457
2,675
2,184
1,222
1,407
2,394
2,308
1,349
1,764
2,755
3,226
1,066
1,717
2,336
2,716
1,100
1,755
2,525
2,822
1,138
1,786
2,634
2,872
1,277
1,882
3,245
2,899
'1,319
' 1,936
3,185
'2,899
1,326
1,945
3,174
2,795
14,576
10,589
3,987
14,052
10,308
3,744
13,874
10,193
3,681
13,967
10,223
3,744
13,855
10,014
3,851
13,331
9,666
3,665
13,244
9,540
3,704
13,440
9,665
3,775
13,885
10,074
3,811
13,996
10,301
3,695
13,602
'9,868
'3,734
13,290
9,617
3,673
46,480
90
1,452
42,310
79
1,376
37,225
72
1,255
34,385
70
1,062
41,400
77
1,202
51,370
89
1.494
57,625
96
1,680
70,690
115
2,052
75,795
121
2,270
71,315
117
2,211
70,235
118
2,175
74,285
121
2,060
2,012
33
1,925
33
1,807
31
1.638
28
1,982
35
2,547
42
2,658
45
3,118
53
3,572
61
3,143
54
3,187
54
2,955
54
19,735
21,877
2,635
4,755
4,555
3,745
4,275
4,205
3,775
3,775
4,465
4,960
3,535
3,400
4,330
4,105
33,890
5,800
29,125
4,458
30,506
4,447
27,909
3,679
29,061
4,247
31,097
4,071
32,251
5,232
32,476
4,573
31,539
4,500
30,598
5,060
30,554
5,157
34,240
4,624
35,245
5,486
45,084
3S,251
45,291
45,291
127,985
43.399
36,466
33.528
33,528
118,009
38,035 37,510 30,799 30,362 32,29fi 32,32S 38,740 40,343
34,G91 31,525 26,437 25,596 29,767 31,555 32,427 36,243
20.806 24, 628 29,248 33,825 36.507 43,582 43,355 43,693
20,806 24,628 29,248 33,825 36,507 43,582 43,355 43,693
135,238 148,120 149,671 146,208 141,997 130,743 124,128 120,778
45,315 44,277 '39,613
38,793 39,500 '39,459
39,3.54 42,639 '39,828
39,354 42,039 '30.828
126,769 128,407 128,192
114.7
172.3
99.4
79.3
158.2
93.4
90.6
157.5
91.3
62.2
140.2
78.5
75.3
108.6
105.8
83.4
102.8
89.1
78.7
97.3
84.2
87.9
91.8
93.4
89.7
87.0
94.5
141.9
126.0
102.8
122.5
151.4
96.3
135.5
175.1
112.2
9,025
6,881
8,796
6,509
8.490
6,071
8,142
5,772
7,893
5,491
7,643
5,479
8,726
9,802
7,750
9,757
7,790
9,652
7,478
9,361
7,050
9,247
6,945
38,504
38,844
35,631
41,599
35,204
40,816
33,219
135,347 142,511
39,747 40,711
151,311
43,811
150,718
46,218
149,778
53,278
124,354
48,554
98,078
38,178
TEXTILE PRODUCTS
Pages 154,156
Cotton:
World visible supply, total..thous. of bales
American cotton
do
Silk:
Deliveries (consumption)^
bales
Stocks, end of month:
Total, visible supply
do
United States (warehouses)
do
' Revised.
8,441
5,960
37,863
34,884
33,381
28,687
31,492
32,593
86,816
23,116
134,426
36,326
130,955
41,455
135,616
37,016
133,157
44,457
138,105
42,305
1
Data for February are the latest available.
U.S.GOVERNMENT PRINTING OFFICE: 1939
@FedFRASER