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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 27, 1939 SUMMARY OF BUSINESS TRENDS output during the first 3 weeks of April, seasonINDUSTRIAL ally corrected, was lower than in March when the Federal Reserve index stood at 98 (1923-25 = 100), unchanged from the February rate. The March index of manufactures was off slightly to 96, as a result of a less-than-seasonal expansion in the durable goods industries. The adjusted index of nondurable goods production advanced in the absence of the usual seasonal decline. While the abrupt drop in bituminous coal output incident to the tie-up over the labor contract in the Appalachian region was the outstanding change this month, there has been a decline of more-than-seasonal proportions in steel production—a series which has a heavy weight in the production index. Bituminous coal output has been reduced to about 2 million tons weekly, compared with an approximate average of around 8 million tons prior to the April 1 shutdowns. Among the other weekly series, automobile assemblies have increased, though not to the full seasonal extent; lumber output has increased by more than the estimated seasonal amount; and cotton consumption and flour millings have been steady. Railroad traffic has been reduced by the decline in coal load- ings, but other traffic so far this month has averaged somewhat above the March rate. Loadings of miscellaneous freight—the most significant class with regard to the general freight movement—have recently averaged about one-sixth higher than a year ago. The railroads have been purchasing more freely of rolling stock and other equipment in recent months, though the total volume is still relatively low. Financial reports from the railroads for the first quarter indicate improved earnings as compared with the extremely depressed showing in the first quarter of last year. Net operating revenues were, however, about one-third smaller than in the early months of 1937, according to preliminary estimates. Retail sales data available for April indicate no change in the level of general merchandise sales, after allowance for the fluctuations induced by Easter purchasing. Retail deliveries of automobiles are increasing and continue to record substantial gains over a year ago, though sufficient reports are not yet available to indicate whether the April rise has measured up to seasonal expectations. Security trading was slow last week and share values moved within a narrow range. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER (PERCENT OF CAPACITY) BITUMINOUS COAL (MILLIONS OF \T ' ' ' . i i i i i i i i AUTOMOBILE PRODUCTION (THOUSANDS PRICES OF 3 5 0 INDUSTRIAL STOCKS (INDEX, 1926 = 100) (DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS) TONS) 60Lv_i i—L YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS OF VEHICLES) PRICES [MOODY.S I N D E X - D E C . 3 1 . 1 9 3 1 = > 0 O ) CONSTRUCTION CONTRACTS-F.W. DODGE PRODUCTION SHORT SPOT COMMODITY PRODUCTION (BILLIONS OF KILOWATT HOURS) (PERCENT) (THOUSANDS OF CARS) 150 INCOME PAYMENTS 100 95 130 (SEASONALLY HOttTHLY DATA ADJUSTED 1 9 2 3 - 2 5 = 1 0 0 ) 120 izo 90 85 100 80 90 75 80 100 \ \ \ , . 1 . . t < . T I 1 _t I 1 1 t 1 1 t t 1 I 1937 1938 1939 HO/mLY DATA 110 110 TO FACTORY EMPLOYMENT a PAYROLLS (1325-25-100) INDUSTRIAL PRODUCTION (SEASONALLY ADJUSTED 1929 MOO) MOHTHVt OVA 90 J eo ^EMPLOYMENT fHYfiOLLS — A (wmtuSMD) \ 70 DQ?99t> i , 1 i i ! t i 1 i i 70 1937 1938 1939 1937 1933 1939 WEEKLY BUSINESS INDICATORS [Weekly average 1923-25=100] 1938 1939 19 38 1939 1937 Apr. Apr. Mar, Apr. Apr. Apr. Apr. Apr. Mar. Apr. Apr. Apr. A p , 16 22 22 Apr, Apr. A p , 16 25 15 1337 Finance—Continued. Banking: Debits, outside N . Y. C . t — 88.2 79.2 117.3 82.3 90.2 100.5 74.9 104.1 96.0 Federal Keserve reporting member banks: 65.0 65.0 65.3 65.5 65.7 Loans, total Commodity prices, wholesale: 68.5 75.2 75.2 Interest rates: Dept. of Labor, 1926=100: 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 Call loanst75.8 75.9 76.5 76.6 78.6 78.6 87.5 87.6 Combined index (813) 28.6 28.6 28.6 28.6 28.6 Time loanst Farm products (67) 28.6 28.6 . . . 28.6 63.8 63.8 66.6 66.7 69.1 68.9 92.7 92.4 Currency in circulation:!: 141.5 141.2 141.4 139.9 139.3 131..2 131.7 131.7 131.8 Food (122).. _ 68.2 68.4 70.5 70.8 72.2 72.3 85.0 85.3 Allother (624).._ 80.5 80.6 80.7 80.7 82.1 82.1 86.2 86.5 Production: Automobiles _ 118.3 115.4 114.1 112.7 117.2 75.2 76.7 194.1 184.8 Fisher's index, 1926=* 100: Bituminous coaU_ 93.8 94.3 73.0 50.7 52.7 65.1 61.7 20.5 19.0 79.8 79.6 79.8 79.8 81.0 Combined index (120) Cotton consumption! _ 108.4 111.6 111.1 78.5 85.4 128.1 134.1 74.6 76.1 78.3 79.7 79.7 71. Q 71.0 108.0110.9 Copper, electrolytic! 50.7 50.7 130.3 130.5 132.7 132.0 117.1 117.5 131.3 130.4 Electric powerf 32.7 32.0 32.0 32.4 32.7 33.1 Cotton, middling, spot 45.3 44.8 42.9 38.4 38.6 38.7 57.7 55.3 Lumber _ 77.1 90.2 44.9 47.9 67.1 C onstruction contracts* „ . 167.8 165.3 161.2 162.4 PetroleumJ 62.4 165.1 162.5 167.8 166.3 87.4 Steel ingots© Distribution: Carloadings 94. C 96.4 95.2 54.7 55.2 150.0 148.3 57.1 55.8 63.0 63.1 54.6 56.1 78.9 Receipts, primary markets: Employment: Detroit, factory., 97.7 Cattle and calves Finance: 56.0 52.7 63.0 67.1 62.0 73.5 66.0 Hogs. 73.0 50.4 47.7 65.8 65.1 CO. 2 63.9 74.0 Failures, commercial 34.5 29.6 36.3 35.5 32.3 42.6 44.0 23.5 31.5 29.2 30.4 37.3 34.6 27.3 37.7 51.9 Cotton 66. 67.2 C6.0 65.0 65.: 78.0 78.3 6S.3 69.0 Bond yieldst _ 48.0 50.6 40.2 37.9 42.5 38.5 19.4 21.0 23.8 Wheat 93.9 92.4 92.6 99.2 101.9 84. 84.1 137.3 130.9 Stock prices}-. • Data do not cover calendar weeks in all cases. §Compuied normal=100. JDaily average. tWeekly average, 1928-30=100. 1 Seasonally adjusted. ©Index for week ended Apr. 29 is 83.5. cfFor description of these indexes, see p. 4 of the Dec. 16,1937 issue. Business activity: 1 New York1 Times§tf. Barron'sd ----Business Week 70.9 107.4 107.2 8S.5 86.0 86.9 78.6 78.2 95.2 94.1 71.0 72. C 110.0 109.0 93.5 93.4 98.9 99.2 76.7 78.3 118.9 116.6 WEEKLY BUSINESS STATISTICS 1939 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York X dol. per lb. Cotton, middling, spot, New York do... Food index (BradstTeet's) do.__ Iron and steel, composite dol. per ton. Wheat, No. 2 hard winter (Kansas City)...dol. per bu. FINANCE Banking: Debits, New York City mil. of doL. Debits, outside of New York City. _-do__. Federal Reserve banks: Keserve 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 obligations do Obligations fully guaranteed by U. S. Government mil. of dol__ Loans, total§ ...do... Commercial, industrial, and agricultural loansf mil. of do!.. Interest rates, callloansj percent.. Interest rates, time loansj do Exchange rates: French franct cents.. Pound sterling* dollars.. Failures, commercial number.. Currency in circulation! mil. of dolSecurity markets: Bond sales (iV. Y. S. K) thous. of dol. par value Bond yields (Moody'*) (120 bonds)% percent.. Stock sales (AT. y. s. E.) thous. of shares.. Stock prices (iV. Y. Times) i dol. per share Stock prices (Standard Statistics) (420) Industrials (350) P u b l i c utilities (40) Railroads ( 3 0 ) . . . . "."". 1926=100. do. do "do Apr. 8 1938 Apr. 22 Apr. 15 Apr. 1 Mar. 25 Mar. 18 0.103 0.105 .087 2.28 36.32 0.108 .087 2.27 36.40 .69 0.110 2.28 36.29 0.110 .089 2.31 36.42 .68 0.110 2.29 36.42 2.29 36.39 3,270 4,091 2,714 3,672 3.641 4,536 3,094 3,813 3,509 4,181 2,591 2, 564 9,743 3,998 2,584 2,564 9,528 3,879 2,584 2,564 9,318 3,708 2,578 2, 564 9,125 3,519 2,573 2,564 16,619 5,213 13,684 8,273 16,388 5,212 13,571 8,213 lfi,072 5,215 13,470 8,145 15,991 5.217 13,388 8,096 2,030 8,124 2,038 8,120 2.035 8,164 3,858 1.00 1.25 3,852 1.00 1.25 2,648 4,680 268 6,871 24,880 3.85 2,467 91.16 80.0 03.6 78.9 23.7 1936 Apr. 16 Apr. 24 Apr. 17 0.098 .090 2.37 38.58 .86 0.098 .090 2.37 38.59 .85 0.149 .138 2.89 40.36 1.37 0.153 .138 2.89 40.47 1.36 0.093 .118 2.59 33.08 1.06 4.112 4,011 3,127 3,885 2,491 3,475 3,835 4,828 3.715 4,450 4,092 4,039 3,264 2,595 2,564 9,077 3,443 2,583 2,564 7,547 2,492 2,602 2,564 7,472 1,727 2,523 2,487 6,877 1,587 2,528 2,487 6,901 1,627 2,475 2,430 5,442 2,635 15,976 5,212 13.533 8,238 16,143 5,198 13,541 8,280 14,451 5,221 12,224 7,977 14,425 5,218 12,227 7,960 16,333 5,146 12,866 8,439 15,249 5,133 12,899 8,457 14,189 4,985 13. 451 8,805 2,026 8,191 2,036 8,209 2.023 8,281 1,179 8,585 1,171 8,567 1,178 9,402 1,183 9,394 1,277 8,332 3,838 1.00 1.25 3,814 1.00 1.25 3.805 1.00 1.25 3,794 1.00 1.25 4,208 1.00 1.25 4,246 1.00 1.25 1.00 1.25 1.00 1.25 .75 1.00 2.647 4.680 265 6,850 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 3.111 4.993 241 6,373 3.139 4.986 297 6,395 4.446 4,929 205 6,397 4.464 4.924 194 6,399 6.586 4.937 203 5,874 35,440 3.88 6,523 89.78 79.3 92.8 77.8 23.6 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 92.5 109.0 86.4 29.5 39,310 4.50 4.329 81.73 73.8 88.4 65.4 21.2 27,750 4.52 4.409 81.67 73.6 87.9 65.6 21.8 64,560 3.94 6,384 133.31 124.9 147,1 99.9 60.8 61,400 3.98 6,655 132.95 124.1 146.0 100.3 69.8 52,360 3.98 8.995 119.62 106.3 122.3 99.4 47.5 89,400 1,243 2,199 3,332 55.4 14,489 86,725 1,278 2,225 3.384 55.7 8,823 57,363 864 1,G51 3,440 32.4 7,214 58,ft21 897 1,958 3,385 32 7 7,697 148,090 1,108 2,188 3,496 91.3 10,774 140,755 1,050 2,173 3,464 90.3 9,283 120,340 1,201 1,933 2,933 70.4 11,086 605,462 120,968 28,109 31,680 11,315 153,714 7,577 252,099 594,568 123,678 26,130 29,984 11,219 152,325 8,932 242,300 523.767 79.204 24,162 32.763 12,276 148,081 9,442 217,839 537,585 92,135 25,422 31,215 11,251 150,722 7,813 219,027 756,248 129,566 36,799 27,730 14,736 170,021 54.714 322,682 746,523 130,100 36,269 29,113 13,056 173,349 35,934 328,702 665,949 131,614 32,205 33,106 14,032 160,803 11,098 283,091 209 232 212 182 196 286 277 231 234 210 135 98 103 71 90 1.893 1,670 1,544 2,891 3,066 ® Rate for week ended Apr. 29, is 4S. 6. April 1939 Issue of the Survey. 234 275 98 1,958 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles .number.. 88,050 90,280 87,019 85,9S0 Bituminous coaU thous. of short tons.. 349 323 1,344 Electric power mil. of kw.-hr.. 2,171 2,174 2,210 Petroleum*. thous. of bbl_. 3,495 3,444 3,358 Steel ingots0 p e t of capacity.. ""50.9 52.1 56.1 54.7 Construction-contract awards? thous. of doL. 12,379 Distribction: Freight car loadings, total cars.. 547,816 535,470 604,241 Coal and coke do 60,888 52,475 110,716 Forest products do 28,024 26,866 27,129 Grains and grain products do 30,932 30,218 32,087 Livestock . do 12,483 10,528 10,774 Merchandise. 1. c. 1 .do..-I 154,129 157,755 157,406 Ore do 11,259 8,657 9,108 Miscellaneous do 250,101 248,971 257,021 Receipts: Cattle and calves thousands.. 177 167 178 Hogs _ do 224 19£ 232 Cotton into sight thous. of bales.. 82 61 76 79 Wheat, at primary markets thous. of bu_. 4,022 3,817 3,197 3,017 • Data do not cover calendar weeks in all cases. JDaily average. $ JNO longer strictly comparable; for an explanation, see the corresponding data on page 30 of the 199 235 97 3,380 Apr. 23 1937 A p r . 25 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, to- 1939 gether with explanatory notes and references to the sources of the data, may he found in the March 1933 Supplement to the Survey BUSINESS I N D E X E S Pages 6, 7, 8, 9 Income payments: Adjusted index 1929=100.. Unadjusted index * __do. Total _ . . . m i l . of dol__ Compensation of employees: Adjusted index 1929=100.. Total mil. of dol.. Mfg., mining, and construction.-do Transportation and utilities do Government, service, and other.-do Work relief do Dividends and interest »-.. do Entrepreneurial withdrawals and net rents and royalties —_. mil. of dol Direct and other relief -.-. do Benefit payments under the Social Security Act --mil. of doL. Industrial production ( F . R.): Combined index, unadjusted.-1923-25=100Combined index, adjusted... do,__ Automobiles Textiles "Minerals adiusted Marketings: Agricultural products (quantity): Animal oroducts Dairv oroducts Livestock Poultrv and eEgs Wool Crops Cotton Fruits -.do do ...do * -• --- -do -_uo do do. do... _do__ . do. . do Agricultural products, cash income from farm marketings: Crops and livestock, combined index: Unadjusted 1924-29=100.. Livestock and products.-Dairy products-- do do Poultry and eggs— do 1939 1938 March April May June July DecemOctober NovemAugust September ber ber January February 83.9 84.1 5,505 82.7 81.4 5,331 81.4 81.6 5,342 80.4 76.7 5,020 80.7 82 3 5,388 80.7 81.0 5,304 81.5 76.1 4,985 82.0 83.5 5,465 '82.1 86 3 5,651 r83.2 80.9 '6,302 ••84.1 90.9 ' 5,955 '83.7 84.1 '5,507 '83.5 '77.8 '5,093 84.7 3,615 1,159 381 638 1,251 186 735 81.0 3,448 1,064 369 630 1,221 164 720 80.1 3,457 1,035 359 644 1,239 ISO 752 79.5 3,456 1,022 359 635 1,251 189 440 79.4 3,458 1,006 360 629 1,266 197 800 79.8 3,357 1,002 366 625 1,175 189 788 81.4 3,418 1,056 373 619 1,173 197 412 82.5 3,570 1,102 374 632 1,265 197 692 83.1 3,675 1,137 386 641 1,305 206 739 •-84.6 ••3,675 1,145 377 646 1,298 209 450 86.2 ' 3,718 1,166 '378 6S3 '1,288 203 1,079 '85.4 ••3,580 1,125 '373 ••639 ' 1, 250 W3 779 '85.1 '3,577 '1,146 '364 '631 * 1,248 '188 420 998 98 1,014 97 995 92 992 85 993 88 1,025 86 1,015 85 1,017 84 1,108 84 1,055 85 1,030 92 1,014 95 957 94 59 52 46 47 49 48 55 52 45 37 36 >100 80 77 95 79 75 78 76 77 75 77 75 81 79 87 85 91 89 97 95 104 103 98 98 39 99 98 91 90 97 102 106 105 103 105 96 112 99 117 45 99 98 '105 98 97 105 109 98 109 p 102 91 P109 77 73 54 81 54 74 103 101 72 72 91 92 104 104 101 100 76 73 ,77. 74 83 82 88 87 49 77 46 87 43 97 45 110 46 103 95 84 100 91 92 93 95 97 99 102 109 110 P110 92 117 131 99 76 65 56 77 73 92 91 89 _.103 103 68 78 104 65 104 45 57 35 93 50 107 75 101 63 97 46 69 60 88 69 111 79 106 59 116 106 64 42 93 63 107 93 134 66 119 303 61 22 88 72 117 90 156 62 102 333 56 19 77 68 116 85 136 60 79 487 100 19 81 205 63 89 153 72 73 317 96 61 80 155 46 83 137 75 68 76 152 235 90 110 87 89 114 85 76 139 174 267 113 128 86 89 87 78 116 160 108 154 79 85 67 81 91 67 116 68 71 78 85 62 61 57.5 64.0 49.5 79.5 80.0 84 0 71.5 60.5 67.0 55.0 79.5 92.5 77.5 66.0 58.0 70.5 60.0 81.5 88.5 75.0 68.0 60.5 67.5 58.0 77.5 84.5 71.5 75.5 61.0 72.0 66.5 77.0 80.5 76.5 76.0 72.0 82.5 86.5 78.5 82.0 80 0 75.0 72.5 72.0 63.0 81.0 84.5 82.0 75.5 85.0 72.5 61.0 84.5 86.5 87 0 75.5 92.0 67.5 55.5 80.0 86.0 77.5 77.5 78.0 69.5 55.5 84.0 85,5 83.5 83.5 84.9 72 3 78 0 85.8 86.1 96.7 86.7 75 5 80 3 86 2 87 5 97.8 86.8 75.1 81.1 85.7 87.2 97.6 86.5 74.5 80 8 83 7 87.0 97.6 86.7 73.9 81.9 83.7 86.7 97.5 86.5 73.5 81.7 84.1 86.6 97.4 85.9 73.4 80.1 84.4 86.6 96.9 85.9 73.3 80.4 85.0 86.6 96.8 85.8 73 2 79.8 85.6 86.6 96.8 85.6 73.2 79.5 85.9 86.4 96.8 76.7 79.7 78.7 78.1 78.3 78.8 78.1 78.3 77.6 77.5 77.0 76.9 76.9 80.2 70.1 74.6 65.8 70,2 83.4 73.2 75.6 70.3 73 5 82.7 71.3 75.3 68.4 -72 Z 82.1 70.7 75.4 67.5 72 1 82.2 71.4 74.1 68.7 82.5 72.3 74.3 69.4 71 3 81.8 71.4 74.4 67.3 73 0- 81.8 72.0 74.7 68.1 74 5 81.1 70.9 75.9 66.8 80.5 • 71.5 76.2 67.8 74 1 80.2 70.9 75.2 67.6 73 1 80.0 70.9 74*9 67.2 80.2 70.9 74.4 67.2 71 5 77 64 94 56 70 50 '46 34 78 '38 78 72.5 68.0 55.0 82.0 89.5 78.0 81.0 68.5 67.5 55.5 80.0 SS.5 79.0 67.0 51.0 60.0 44.5 76.5 85.5 77.5 56.5 85. S 73.0 80.3 86.0 86.2 96.8 85.4 72.7 79.2 85.9 86.2 96.8 85.1 72.4 78.4 '85.9 86 1 96.7 77 97 73 so 41 53 37 82 51 COMMODITY PRICES Pages 11,12,13,15,131,134 Cost of living (N. I. C. £ . ) : Combined index _ fllothme Food Fuel and light* - 1923=100.. do do --. do Wholesale prices: U S. Department of Labor indexes: Combined index (813 quotations).1926=100. Economic classes: Finished products do Semimanufactures ..-do Farm Droducts - - - - - do Foods do Commodities other than farm products and foods 1926=100 Pig iron: Basic (valley furnace) dol. per long t o n Composite —-- -do Foundry, No. 2, northern (Pittsburgh) dol. per long ton.. Steel: Composite, finished steel dol. perlb.Steel billets, rerolling (Pittsburgh) dol. per long ton._ Structural steel (Pittsburgh)..dol. per l b . . Steel scrap (Chicago)...dol. per gross ton-. Woild prices, foodstuffs and raw materials: Combined indexf 1923-25=100.. Cotton «* _ - do Rubberdo Silk .do Sugart —do Tea *. do Tin do Wheat do Purchasing power of the dollar: Wholesale prices 1923-25=100.. Retail food prices do Prices received by farmers do Cost of living do 'Revised. 'Preliminary. t Revised series. Data on world prices revised 80.4 82.6 82.0 81.6 81.3 81.4 81.4 81.3 81.1 80.6 80.3 80.2 80.2 20.50 21.15 23.50 24 11 23.50 24.13 23.50 24 15 22.50 23 59 19.50 20.15 19.50 20.15 19.75 20.29 20.50 21.14 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 22.89 25.89 25.89 25.89 24.89 21.89 21.89 22.14 22.89 22.89 22.89 22.89 22.89 .0268 .0289 ,0289 .0289 .0286 .0268 .0268 ,0268 .0266 .0268 .0268 .0268 .0268 34.00 .0210 14.25 37.00 .0225 12.15 37.00 .0225 11.38 37.00 .0225 10.95 36.25 .0221 10.38 34.00 .0210 12.00 34.00 .0210 13.75 34.00 .0210 13.50 34.00 .0210 12.88 34.00 .0210 14.20 34.00 .0210 13.75 34.00 .0210 13.85 34.00 .0210 14.06 37.3 33.1 38.1 31.0 31.9 66.6 91.9 36.8 41.9 32.7 31.7 22.8 27.1 76.0 81 9 69 6 40.7 32.4 27.7 22.6 26.0 76.9 76.3 68.5 38.8 30.9 27.1 22.4 26.2 75.3 73 3 62.9 39.6 30.9 29.4 22.5 27.1 70.9 80.3 64.0 41.2 32.7 36.0 25.3 28.2 70.5 86 3 62 4 39.1 30.9 37.7 24.3 28.1 76.3 86.1 53.9 38.3 29.8 37.8 25.2 28.9 78.4 86.3 50.2 37.8 31.6 39.6 25.9 26. S 72.9 90 0 46.7 37.5 33.5 38.0 25.2 28.8 66.0 92.0 42.3 36.5 32.0 37.6 25.3 30.4 67.2 91.9 38.1 37.2 32.7 36.9 26.5 31.3 66.7 92.3 39.3 37.8 33.1 37.3 29.5 30.9 '67.0 90.8 41.1 131.3 130.9 161.6 119.8 126.4 127.2 153.1 117.2 128.0 125.9 156.5 117.2 128.9 126.4 159.7 117.5 128.6 124.7 159.7 117.2 127.8 125.0 154.8 117.5 128.9 127.6 159.7 118.3 128.6 127.1 154.8 118.3 129.8 128.0 154.8 118.5 129.9 123.5 156.5 118.8 130.8 127.2 153.1 118.5 130.9 129.0 156.5 119.0 130.9 130.2 159.7 119.5 beginning 1920,* see table 4, p. 17, of the January 1939 Survey. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to* gether with explanatory notes and references to the sources of the data, may be found in the 1933 Supplement to the Survey 1938 1939 April May June July 1939 August January February March March 91.3 83. 98.9 91.0 82.9 98.6 87.7 79.3 95.8 87.4 79.0 95.4 85.7 77.0 94.0 85.4 76.2 94.1 83.4 75.0 91.5 83.7 74.1 92.9 81.6 72.4 90.3 82.4 71.9 92.4 81.9 70.3 92.9 82.9 70.7 94.5 85.7 71.7 99.0 84.9 72.0 97.2 88.8 75.3 101.7 86.9 75.7 97.6 89.5 79.0 99.4 87.5 77.9 96.7 00.5 S2.1 98.4 90.0 81.3 9S.3 91.2 83.1 98.8 91.6 83.2 99.5 83.5 81.6 '97.1 91.7 83.6 99.4 90.7 82.6 98.4 91.3 83.4 '98. 7 51. 88.1 66,1 40.3 59.3 93. 62.3 73.6 38.9 57.0 S5.8 61.6 73.8 41.7 52.8 82.2 58.8 73.2 43.7 56.0 80.2 56.0 72.8 43.6 44,6 78.5 49.7 72.3 44.1 37.6 80.1 51.4 72.4 44.6 46.4 S3.4 55.2 71.5 44.6 52.4 87.2 57.9 69.5 44.4 51.0 88.6 61.9 68.3 44.4 51.3 89.3 62.3 67.8 41.4 50.0 '88.7 61.4 67.0 52.2 '88.5 '61.1 '66.6 '37.4 89.6 69.6 73. 92.0 70.8 74.9 91.8 71.1 74.8 91.7 70.6 75.0 92.2 70.4 74.8 92.3 70.1 74.9 92.7 69.5 74.8 92.5 69.3 74.9 92.5 69.9 74.7 91.9 69.6 74.4 91.4 69.4 '74.3 90.0 69.2 74.1 89.6 '69.3 '73.3 83.5 87.1 83.0 89.1 88.2 88.5 83.8 87.3 83.6 87.2 81.1 86.8 80.0 87.6 84.7 88.5 85.9 89.1 98.1 90.0 82.2 '88.3 '81.7 '87.9 86.8 79.9 94.5 77.1 67.4 87.9 74.6 65.6 84.7 72.9 64.2 82.6 70.8 61.7 80.9 70.6 58.6 84.1 76.9 63.7 91.7 81.0 68.7 94.9 75.2 93.4 84.1 78.3 90.6 86.5 '80.4 93.4 83.2 76.4 '85.4 '78.4 '93.2 34.2 78.6 53.3 62.1 33.1 47.3 68.4 56.3 68.0 30.2 39.0 56.3 53.3 68.0 33.9 38.3 55.3 51.2 66.7 38.3 49.7 57.0 46.1 67.6 37.3 20.2 56.8 38.0 66.7 37.0 20.0 64.2 43.7 66.8 39.2 29.4 71.9 46.1 66.5 38.4 43.4 78.3 49.2 63.7 39.2 36.2 81.4 52.3 63.3 37.2 42.5 80.9 54.1 62.5 33.7 38.0 '78.2 55.3 60.9 '30.2 '45.2 '81.3 '53.4 '62.5 29.1 96.9 70.8 92.9 98.6 69.9 92.6 97.6 70.0 91.6 97.4 71.2 91.3 69.7 90.9 69.0 90.9 98.9 69.5 9L3 98.4 68.4 92.6 99.9 68.9 95.3 98.6 68.8 93.0 98.2 ••69.7 '92.5 95.9 71.1 92.0 '96.4 '69.9 '91.7 74.9 68.6 74.7 72.2 74.6 70.0 75.1 69.5 73.8 68.1 73.6 66.8 73.7 74.3 70.8 75.1 71.5 75.4 '79.2 '75.7 69.7 '75.5 '68.5 '74.6 73 72 72 76 72 65 62 73 71 67 56 55 58 63 108 73 67 110 73 66 105 68 65 95 62 65 94 m 96 61 64 102 65 64 116 74 111 71 64 91 56 62 92 58 64 66 58 107 67 63 54 50 46 46 45 45 47 44 47 51 53 52 55 55 54 55 55 53 54 55 55 49 49 De c e m b e r ' October EMPLOYMENT CONDITIONS AND WAGES Pages 31, 32, 33, 35, 37, 40, 41, 43, 44 Employment: Factory, unadjusted (U. S. Department of Labor)t 1923-25=100. Durable goods do... Nondurable goods do— Factory, adjusted (Federal Reserve) t - . d o — Durable goods do,,Nondurable goods do.._. Nonmanufacturmg, unadjusted (U. S. Department of Labor): Mining: Anthracite 1929=100, Bituminous coal do Metalliferous do.— Petroleum, crude, producing do_._ Quarrying and nonmetallic do.._ Public utilities: Electric light and power, and manufactured gas _ 1929-100.. Electricrailroads, etc _ do... Telephone and telegraph _do___ Trade: Eetail, total do^_ Wholesale do... Pay rolls: Facttry, unadjusted (U. S. Department of Labcr)t 1923-25=100.. Durable goods do. Nondurable goods do__ Nonmanufacturing, unadjusted (U. S. Deirtment of Labor): Anthracite 1929=100. Bituminous coal do... Metalliferous _ do... Petroleum, crude, producing do... Quarrying and nonmetallic-do Public utilities: Electric light and power, and manufactured gas 1929=100. Electric railroads, etc. _ do... Telephone and telegraph do..* Trade: Retail, total do__. Wholesale do... r FOREIGN TRADE Pages 79, 80, 82, 83 Indexes: Exports: Total value, unadjusted1923-25=100. Total value, adjusted do— U. S. merchandise, unadjusted: Quantity do—_ Value do— Unit value do— Imports: Total value, unadjusted do... Total value, adjusted do... Value: Exports, including reexports thous. of dol. General imports, total do— Imports for consumption, total... do— 190,416 191,203 METALS AND MANUFACTURES Page 139 Machinery and apparatus: Foundry equipment: Orders: New 19212-24=100. Unfilled, end of month do— Shipments do-.. 193.6 128.1 113 71 275,711 274,482 257,177 173,405 159,907 148,260 173,328 155,501 147,243 114.7 172.3 99.4 79.3 158.2 93.4 90.6 157.5 91.3 232,686 227,780 230,621 246,321 277,928 252,231 268,756 212,908 218,559 145,898 140,836 165,540 167,651 177,979 176,181 171,474 178,201 158,035 147,938 147,797 171,053 172,947 178,460 171,652 165,522 169,323 152,52S 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 TEXTILE PRODUCTS Page 158 Wool: Stocks, scoured basis, end of quarter, total thous. of l b Woolen wools, total do.... Domestic do Foreign do Worsted wools, total do— Domestic do Foreign do... 94,309 109,487 38,830 48,064 29,357 38,823 9,473 9,241 55,479 61,423 33,443 46,825 22,036 14,598 139,260 46,509 37,830 8,679 92,751 79,520 13,231 147,597 48,276 40,224 8,052 99,321 84,383 14,938 115,655 ' 46,686 ' 37,065 9,621 68,969 52,517 16,452 TRANSPORTATION EQUIPMENT Page 160 Automobiles: Production: Canada, total— —— number- 17,549 16,802 18,819 18,115 Passenger cars do 12,689 12,276 14,033 13,641 United States (factory sales), total-..do—. 371,940 221,795 219,310 192,059 Passenger cars do.— 299,703 174,065 176,078 154,958 Trucks. _ d o . . . . 72,237 47,730 43,232 37,101 14,732 9,007 11,014 5,273 174,670 141,443 136,531 106,841 38,139 34,602 6,452 3,063 90,494 58,624 31,870 5,774 17,992 18,670 14,794 14,300 4,290 5,412 15,423 15,518 11,404 10,914 83,534 209,512 372,413 388,346 339,152 297,841 65,159 187,494 320,344 326,006 '280,033 '239,980 18,375 22,018 52,069 62,340 '59,119 '57,861 * Revised. t Revised series. Data on factory employment, unadjusted (U. S. Dept. of Labor) revised beginning 1933; see table 76, p. 13, of the November 1938 Survey and table 1, p. 15, of the December 1938 Survey. Data on factory pay rolls (U. S. Dept. of Labor) revised beginning 1933; see table 77, p. 17, of the November 1938 Survey and table 2, p. 16, of tn© December 1938 Survey. V. 9 . GOVERNMENT pA HG OFFICE; 1 9 3 9
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