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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, AUGUST 24, 1939
SUMMARY OF BUSINESS TRENDS
"DEPORTS from domestic business indicate that activity is
•*-*• generally holding at the higher levels attained in the JuneJuly advance. Department-store trade in the early part of
August showed the usual seasonal increase and sales for the 4
weeks ended August 12 were 5 percent higher than in the comparable period of 1938. Sales reports for other retail lines have
generally been favorable and volumes continue well ahead of a
year ago. On the security markets corporate issues have declined moderately over the past fortnight and most of the July
gains have been canceled. Changes in commodity prices have
been small thus far in August. Quotations of most farm products have continued around the 1939 lows and on the average
-pricee-of-these-eommodities are- below-those-lastsummer. In
July farmers' incomes from marketings of crops and livestock
increased in the usual seasonal movement, but receipts were
considerably smaller than a year ago. Total cash farm income,
including Government payments, totaled $570,000,000 last
month as compared with $643,000,000 in July 1938.
Crude-petroleum production was curtailed last week as a
a result of widespread shut-downs ordered by State authorities
in the mid-continent fields. For the nation, crude output last
week was about one-third below the July daily average. The
shut-downs of wells in the petroleum fields have followed the
recent break in crude-petroleum prices. Refinery operations
have not as yet been materially affected by the curtailed flow
of crude oil.
Thus far in August industrial production on a seasonally adjusted basis has held around the highest point attained in
July. While automobile production has been curtailed in the
shift to new models, operations in the steel industry have been
advanced. Production of 1939 model cars was completed in
almost all plants last week; assembly of the new models is under
way in a few plants and employment in some automotive centers
has begun to increase. Steel-ingot production has recently
averaged 62 percent of capacity as compared with the July rate
of 57 percent per working day. The contraseasonal advance in
steel-ingot production since June has been the chief factor in
the rise of the index of industrial production. For July the
Federal Reserve adjusted production index was placed at 102
(1923-25 = 100) as compared with 98 in June and 83 in July of
last year. On a seasonally adjusted basis output of nondurable
goods in July was about the same as in June.
SELECTED BUSINESS INDICATORS
STEEL INGOT PROBUCTION
ELECTRIC POWER
(PERCENT OF CAPACITY)
SPOT COMMODITY PRICES
PRODUCTION
(
(BILLIONS Of KILOWATT.HOURS)
1= IQO )
IOO
75
50
25
0
BITUMINOUS COAL
(MILLIONS
OF
CONSTRUCTION CONTRACTS - FW. DODGE
PRODUCTION
SHORT
PRICES OF 3 5 0 INDUSTRIAL STOCKS
(DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS)
TONS)
(INDEX.
12
1926 = IOO)
160
10
AUTOMOBILE PRODUCTION
(TH0U5ANDS
YIELDS OF 120 CORPORATE BONDS
FREIGHT CAR LOADINGS
OF VEHICLES)
(PERCENT)
(THOUSANDS OF CARS)
•4.6
4.4
4.2
40
3.8
5.6
,
DEPARTMENT STORE SALES
(TM0U5ANDS OF
(SEASONALLY ADJUSTED - I ? Z 3 - 2 5 • 100)
IOO
800
(1926
BALES)
300
/V
700 - l - s
200
\
\
500
150
,
,
11 1 1 1 ' ' ' • ' • '
i
,
.
MONTHLY
A
vM
OVA
w
V
100
75
1937
I
SHIPMENTS* IOO)
250
Aw
600
.
MACHINE TOOL ORDERS
COTTON CONSUMPTION
, , ! , , !
1933
,,
i , , i , ,
1939
i , .
50
0
1
1937
i ,
i , • ,
i , ,
1938
i ,
i
< l 1 1 1 1 I
1939
I
1 t
I-
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
Business activity :J
New York Times§cf Barron'scT
Business Week
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (813)
Farm products (67)
Food (122)
All other (621)
.....
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytict
Cotton, Middling, spot
77.9
67.0
72.2
81.8
87.3
87.1
86.8
85.9
Finance—continued.
Banking:
Debits, outside N. Y. C.J
Federal Heserve reporting
member banks:
Loans, total
Interest rates:
Call loansj
Time loans*
__„..
Currency in circulation^
Production:
Automobiles
Bituminous coalt
Cotton consumption!
Electric power!
Lumber.
_.
Petroleum*
Steel ingots®
Receipts, primary markets:
Cattle and calves
87.5
87.5
86.5
86.0
80.2 91.9 91.9
77.8 78.1 78.6 78.6 78.5
74.6 74.6 73.2 72.5 72.5
71.7 100.0 100.0
34.2 34.6 35.3 35.3 34.6 30.9 30.5 37.1 39.3
73.7
Construction contractsX
69.4 69.0 68.8
Distribution: Carloadings
65.0
Employment: Detroit, factory. _.
Finance:
56.0 51.6 51.1 55.8
Failures, commercial
63.3 62.9 62.7 62.9
Bond yields*
Stock prices?..
102.6 103.3 105.5 105.6
1937
Aug. Aug. Aug. July July Aug. Aug. Aug. Aug.
22 20 13 21 14
19 12
5
~
91.3 91.1 91.! 90.4 84.2 83.6 109.8 111.2
94.2 95.6 95.2 93.6 79.9 75.6 112.2 110.4
101.1 102.4 100.2 84.5 83.3 120.0 121.4
74.8 75.1 74.8 75.2 77.4
62.2 65.9
61.4 62.5
67.5 72.0
66.7 67.2
80.4 80.4 81.6
SO. 5 80.
1938
1939
1937
1939
1938
Aug. Aug. Aug. July July Aug. Aug Aug. Aug.
19 12
5
29 22 20 13 21 14
08.4
83.5 71.8 50.5
61.5 81.1
68.5
49.6
113.4
49.1 56.0 55.0 41.0
63.3 71.2 70.9 67.1
105.1 101.0 101.9 136.2 137.8
CottonWheat..
79.4 95.1 85.8 91.1 82.3 72.2 97.4 86.3
65.5 65.3 65.3 65.6
24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6
146.2 145.8 145.6 144.6
64.9 65.8 65.6 79.5
24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6
144.7 133.7 133.4 134.1
79.3
24.2
28.6
133.9
17.0 32.6 37.0 53.2 62.2 31.4 18.1 122.3 135.3
61.4 59.1 75.0 75.3
72.7 71.5 72.2
124.5 121.2 124.5 114.8 120.3 131.3 130.0
140.0 139.6 140.6 137.8128.4 128.1 133.3 138.1
51.8 55.2 59.4 54.4 49.3 4S.3 58.1 61.5
170.4 187.7 169.9 172.1 162.9 161.3 179.0 178.5
106.7 103.2 101.9 104.1 96.9 08.2 66.5 136.6 138.9
67.0 66.9 69.8 70.' 74.9 76.5 104.5 105.7
20.6 23.1
34.5 35.6 37.4 39.0 31.1
51.9 55.4 58.1 43.8 45.0 48.1 31.5 72.3 48.1
96.8 94.4 110.3 148.6 296.8 161.7 157.8 163.5 186.1
•Data do not cover calendar weeks in all cases.
§Computed normal= 100.
JDaily average.
t Weekly average, 1928-30=100.
1 Seasonally adjusted.
©Index for week ended Aug. 26 is 106.8.
cTFor description of these indexes, see p. 4 of the Dec. 16, 1937 issue.
WEEKLY BUSINESS STATISTICS #
1939
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York*.
dol. per lb.
Cotton, middling, spot, New York
do...
Food index (Bradstreet**)
_
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 New York City (140 cities)
do...
Federal Reserve banks:
Reserve bank credit, total..do._~
XL 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 loans §
mil. of dol..
Interest rates, call loans t
percent..
Interest rates, timeloanst
do
Exchange rates:
French franct
_
—cents..
Pound sterling*.
.dollars..
Failures, commercial
_
...number..
Currency in circulation*
__
mil. of <iol_.
Security markets:
Bond sales (N. Y. 8. E.)
thous. of dol. par value
Bond yields {Moodp's) (120 bonds)*
..percent..
Stock sales (iV. Y. S. E)
thous. of shares
Stock prices (iV. Y. Ttmes)X
dol. per share..
Stock prices (Standard Statistics) (420)
1920=100-,
Industrials (350)...
_.do_.
Public utilities (40)
do-.I!
Railroads (30)
do.._.
Aug. 19
Aug. 12
Aug. 5
0.103
0.93
2.13
35.97
.64
0.103
.094
2.15
35.93
.63
0.101
.096
2.17
35.90
.67
3,371
4,128
2,453
2,423
10,633
4,590
2,538
3,685
1938
July 29
July 15
Aug. 20
Aug. 13
Aug. 21
0.100
.096
2.14
35.87
0.100
.094
2.14
35.86
.65
0.099
.098
2.16
35.85
.65
0.099
.084
2.41
36.49
.65
0.099
.083
2.44
36.51
.64
0.138
.101
2.90
40.36
1.09
0.138
.107
2.90
40.32
1.12
0.095
.120
2.85
33.94
1.26
3,630
4,412
3,296
3,977
2,745
4,224
2,872
4,127
2,896
3,818
2,428
3,347
3,036
4,519
2,860
4,000
3,067
4,119
2,462
2,443
10,509
4,533
2,476
2,453
10,413
4,462
2,512
2,488
10,436
4,485
2,537
2,515
10,412
4,485
2,569
2,535
10,350
4,447
2,587
2,564
8.085
2,927
2,582
2,564
8,046
2,920
2,565
2,526
6,744
782
2,572
2,526
6,681
740
2.457
2,430
6,229
1,813
17,641
5,245
14,151
8,544
17,551
5,251
14,118
8,530
17,462
5,243
147078
8,515
17,601
5,237
13,941
8,514
17,387
5,223
13,909
8,505
17,368
5,224
13,892
8,493
15,020
5,215
12,409
7,674
15,009
5,193
12,412
7,669
14,930
5,227
12,370
8,231
14,914
5,229
12,414
8,209
14,794
5,014
13,SS7
9,332
2,267
8,186
2,259
8,150
2,241
8,166
2,168
8,194
2,159
8,116
2,153
8,131
1,628
8,223
1,650
8,199
1,139
1,176
9,917
1,232
3,912
1.00
1.25
3,917
1.00
1.25
3,887
1.00
1.25
1.00
1.25
3,893
1.00
1.25
3,887
1.00
1.25
3,900
1.00
1.25
1.00
1.25
4,580
1-00
1.25
4,548
1.00
1.25
1.00
1.25
2.649
4.681
228
7,101
2.649
4.681
210
7,079
2.049
4.681
208
7,068
2.649
4.681
227
7,020
2.649
4.682
200
7,029
2.649
4.682
212
7,054
2.727
4.878
228
6,493
2.727
4.878
224
6,479
3.753
4.988
167
6,511
3.752
4.985
157
6,500
6.584
5.030
141
6,196
21,310
3.65
3,414
99.68
86.3
100.3
87.4
25.4
22,060
3.63
3,093
100.30
87.4
101.8
88.0
25.9
27,120
3.62
4,2G7
102.46
90.0
104.9
89.9
27.1
31,350
3.63
5.003
102.59
89.9
104.9
88.5
27.4
36,710
3.65
7,538
102. 06
88.8
104.1
86.1
26.8
27,860
3.67
3,317
97.38
85.7
100.0
85.3
25.4
23,370
4.H
3,322
98.08
87.9
106,0
73.9
26.9
28,610
4.09
5.524
36,270
3.87
3,821
132.28
121.0
144.4
96.5
50.6
34,930
3.86
4,312
133.84
121.5
144.6
97.6
51.4
42,590
3.85
6,504
130.08
113.2
128.7
108.6
54.3
12,955
24,875
1,238
2,333
3,550
60.1
28,250
1,217
2,325
3,909
59.3
40,595
1,230
2,342
3,539
60.6
11,838
47,420
1,191
2,295
3.584
56.4
13,401
61,610
1,190
2,324
3,530
49.7
11,384
23,940
1,045
2,139
3,393
40.4
11,536
13,790
1,007
2,134
3,3G0
39.4
8,104
93,339
1,278
2,304
3,729
83.2
11,755
103,250
1,282
2,301
3,719
84.6
10,980
71,935
1,294
2,126
3.070
72.2
11,601
665.197
124,681
31,222
40,103
11,234
153,117
49,077
255,763
661.136
122,276
31,933
42,270
11,158
154,657
44,890
253,952
659,764
123,739
32,451
40,822
11,591
152,324
43,564
255,273
656,341
117,535
32.521
46,632
11,524
152,109
42,617
253,403
673,812
116,813
31,426
59,265
11,845
150,488
44,877
259,098
597,918
100,052
30,025
45,777
12,059
149,307
24,962
235,736
589,568
95,745
29,722
47,890
11,945
148,537
24,798
230,931
777,150
125,652
41,181
43,379
15,009
166,967
74,918
310,044
773,782
126,001
40,749
42,982
14,579
166,682
74,488
308,301
735,476
125,398
37,070
39,790
15,837
166,016
54,601
296,734
212
224
144
7,508
212
231
151
8,773
221
243
114
11,819
223
253
117
23,610
223
263
86
32,976
237
202
125
12,865
242
251
82
12,551
330
173
188
13,006
334
150
125
14,803
337
217
119
90.3
108.9
75.4
28.6
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles!..
number
Bituminous coalt
thous. of short tons
Electric power
__".
mil. of kw.-hr.
Petroleumt.
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, 1. c. 1
._ . . .
_ do
Ore
do.."
Miscellaneous
do
Receipts:
Cattle and calves
_
thousands..
Hogs
_.
do....
Cotton into sight
_
.thous. of bales..
Wheat, at primary markets
thous. of bu_.
1936
1937
July 22
62.1
135
7,702
Aug. 14 Aug. 22
6,414
,1T ,
®Rate for week ended AHg. 26 Is 62.2.
J Daily average.
• Data do not cover calendar weeks in all cases.
JNo longer strictly comparable; for an explanation, see the corresponding data on p. 30 of the April 1939 issue of the Survey. ^Source: Ward's Automotive Reports.
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
July
COMMODITY PRICES
Pages 12, 15, 131,134
Retail prices:
U. S. Department of Labor Indexes:
Food
1923-25=100..
Wholesale prices:
U. 8. Department of Labor indexes:
Combined index (813 quotations)_1926=100..
Economic classes:
Finished products
__..do—..
Raw materials
do
Semimanufactures.
r __do
Farm products
'.
do—
Foods
do,—.
Commodities other than farm products
and foods.1926=100..
Pig iron:
Basic (valley furnace)
dol. per long ton..
Composite
do—
Foundry, No. 2, northern (Pittsburgh)
dol. per long ton..
Steel:
Composite, finished steel
dol. per lb,.
Steel billets, rerolling (Pittsburgh)
—
~
dol. per long ton:;
Structural steel (Pittsburgh).__dol. per lb..
Steel scrap (Chicago)
dol. per gross ton..
Purchasing power of the dollar:
Wholesale prices
1923-25=100..
Retail food prices
do
Prices received by farmers
do—
.0261
'31:00
.0210
13.56
133.5
130.7
165.3
DOMESTIC TRADE
Pages 26, 30
Advertising:
Newspaper advertising:
Lineage, total (52 cities) _;__thous. of lines.
Classified...
_
do...
Display, total.
do_~
Automotive
do—
Financial
do—
General
_do_-.
Retail
d
o...
T
Retail trade:
Rural sales of general merchandise:
Total, U . S., unadjusted
1929-31 ~ 100..
Total, U . S., adjusted t
—
do
76.5
1939
1938
July
80.0
DecemAugust SeptemOctober NovemJanuary
ber
ber
ber
78.4
78.7
78.1
77.8
78.6
February
March
77.5
76.8
76.4
April
June
May
76.6
76.5
76.3
75.4
78.8
78.1
78.3
77.6
77.5
77.0
76.9
76.9
76.7
76.2
76.2
75.6
79.2
67.8
74.4
62.6
67.5
82.5
72.3
74.3
69.4
74.3
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
73.5
80.5
71.5
76.2
67.8
711
80.2
70.9
75.2
67.6
73.1
80,0
70.9
74.9
67.2
71.5
80.2
70.9
74.4
67.2
71.5
80.2
70.1
74.6
65.8
70.2
80.1
68.5
74.4
63.7
79.9
68.9
74.3
63.7
68.2
79.6
67.7
74.1
62.4
67.6
80.2
81.4
81.4
81.3
81.1
80.3
80.2
80.2
80.4
80.5
80.6
80.2
20.50
21.15
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
20.50
21.15
20.50
21.15
20.50
21.15
20.50
21.15
22.89
21.89
21.89
22.14
22.89
22.89
22.89
22.89
22.89
22.89
22.89
22.89
22.89
.0268
.0266
.0268
.0268
.0268
.0264
.0262
"34.00
.0210
12.88
34:00
.0210
14.20
34.00
.0210
13.75
129.8
128.0
154.8
129.9
128.5
156.5
.0268
34.00
.0210
14.06
34.00
.0210
14.25
34.00
.0210
13.38
34.00
.0210
12.80
" S4.O0
.0210
13.56
130.8
127.2
153.1
34.00
.0210
13.85
130.9
129.0
156.5
130.9
130.2
159.7
131.3
130.9
161.6
132.1
130.5
165.3
132.1
130.7
163.4
133.2
131.1
165.3
103,869 113,558 113,457 118,096
21,376 22,411 20,233 20,372
82,493 91,147 93,314 97,723
2,366
3,581
4,932
1,209
1,574
1,449
1,732
15,888 18,411 18,749 14,028
63,031 66,073 66,609 78,540
87,418
19,556
67,861
2,446
2,301
12,771
50,343
86T651
18,318
68,333
3.458
1,403
14,024
49,448
111,815 111,160 112,377
22,147 22,824 22,692
89,668 88,335
6,075
4,768
6,055
1,615
1,695
2,105
17,414 17,655
65,792 62,520 63,456
105,086
21,785
83,301
5,345
1,663
17,408
588Stt
120.0
131.7
.0210
12.00
.0210
13.75
"34.00
.0210
13.50
127.8
125.0
154.8
128.9
127.6
159.7
128.6
127.1
154.8
85,407
20,570
64,838
3,496
2,120
13,999
45,222
83,653
20,301
63.352
3,031
1,869
13,028
45,424
86,102
20,808
65,293
2,623
1,201
12,175
49,295
91.1
124.8
84.8
116.2
98.2
120.1
121.1
114.6
140.9
108.5
147.2
113.1
183.6
114.8
91.3
120.0
100.1
123.7
115.0
131.0
120.2
130.8
120.5
131.2
1,268
57
1,252
101
1,252
1,248
98
1,250
1,250
87
1,252
1,259
83
1,263
81
1,266
80
1,264
76
1,261
FINANCE
Pages 56, 60, 73, 74, 76, 77
Banking:
Savings deposits:
U. S. Postal Savings:
Balance to credit of depositors
mil, of dol.
Balance on deposit in banks
do...
Life insurance (Ass'n of Life Insurance Presidents) :
Insurance written:©
Policies and certificates, total number
thousands.
Group. .do...
Industrial...
_•_
do.._
Ordinary...
..do...
Valup, total
—
thous. of dol.
Group
do~.
Industrial
do...
Ordinary
do...
687
20
427
234
50fl,3S0
23,862
l i f t 21$
364, 300
675
648
1,089
865
822
712
720
760
23
30
71
34
24
12
18
399
357
755
608
582
593
518
511
252
262
2fl4
223
161
200
176
197
52S,452 550,960 519,932 592,432 671,262 974,920 729.937 570,491
18, B59 33,443 24,924 32,288 43, 754 91,294 51,899 40,365
153.392 156,304 173, (511 179,553 182,690 226,0S5 99.363 109,871
356,401 361,213 321,367 380,591 444,818 657,541 578,675 420.255
812
716
842
33
20
33
496
464
499
283
232
310
645,019 550,666 604,445
45,205 35,981 43,278
138.396 129.051 137,073
461,418
94
Bonds:
Prices:
Standard Statistics Co., Inc. (60 bonds)
79.4
83.1
82.1
81.9
82.1
81.8
78.7
81.6
80.8
dol. per $100 bond81.1
81.3
83.8
S7.1
86.4
86.2
86.9
84.2
86.8
SO. 3
85.0
Industrial (20 bonds)
do....
86.0
85.7
99.7
101.3
100.7
99.7
99> 3
96.3
97.3
102.1
9S.6
Public utilities (20 bonds)
do—.
98.7
98.1
54.5
60.9
59.7
69.0
60.2
55.7
60.2
56.4
59.9
Rails (20 bonds).
do—.
58.6
60.0
Value, issues listed on N. Y. S. E.:
52,670 52,564
51,466
51,587
50,301 51,554
49,409 49,424 50,331 50,225
Par value, all Issues
mil. of dol.. 52,610
47,975
46,920 46,933 46,862 48,071
44,657 44,676 45,649 45,546 45,640
Domestic issues
do
4,589
4,604
4,599
4,634
4,654
4,661
4,682
4,679
4,748
4,752
Foreign issues.__
....do
47,053 46,958 47,271 48,352 48,128
49,007 44,561 44,183 44,837 45,539 45,442
Market value, all issues
.....do
45,665 45,493
44,268
44,233 44,524
46,331 41, 674 41.339 42,041 42,675 42,597
Domestic issues
do
2,634
2,748
2,687
2,844
2,785
2,864
2,725
2,844
2,676
2,796
2,887
Foreign issues
do
Stocks:
Standard Statistics Co., Inc.:
91.7
90.1
81.9
91.8
92.0
94.7
86.0
91.1
88.0
89.5
86.1
Combined index (420stocks)... 1926=100.
108.0
106.3
95.9
109.3
110.6
113.6
103.9
109.6
105.3
108.0
100.6
Industrials ( 3 4 8 s t o c k s ) . . — . . — d o . . .
85.8
83.8
80.0
81.2
80.9
72.2
77.9
77.4
76.5
75.0
84.9
Public utilities (40 stocks)
do...
29.7
28.0
24.8
29.8
30.0
•25.5
28.8
27.3
25.7
28.1
27.8
Rails (32stocks).do.__
* Revised.
t Rural sales of general merchandise adjusted for seasonal variation revised beginning January 1934; see table 37, p. 17 of the August 1939 Survey.
(& 40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.
73
841
134
461
245
729,749
194,223
128.568
406,058
80.2
84.8
101.0
54.8
81.4
86.2
10L6
56.2
52.647
48,056
4,591
48,921
46,179
2,742
52,751
48,166
4,585
48,571
45,921
2,649
83.1
97.0
82.4
25.0
86.0
100.5
84.7
25.9
MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics through December 1937, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey
CHEMICALS AND ALLIED PEODUCTS
Page 90
Chemicals:
Alcohol, denatured:
Consumption
thous. of wine gal..
Production
....do
Stocks, end of month
do
Alcohol, ethyl:
Production.
thous. of proof gal__
Stocks, warehoused, end of month. ..do
Withdrawn for denaturing
do
Withdrawn, tax paid
^_._do
FOODSTUFFS
Pages 110,111,112,115
Livestock:
Cattle and calves:
Receipts, principal markets
thous. of animals.
Disposition:
Local slaughter.._
do...
Shipments, total
do—.
Hogs:
Receipts, principal markets
do...
Disposition:
Local slaughter
___do.__
Shipments, total
do...
Sheep and lambs:
Receipts, principal markets
do...
Disposition:
Local slaughter.
do.-.
Shipments, total
do__
Stocks, cold storage, end of month:
Butter, creamery
thous. oflb.
Cheese (total)
do...
Eggs:
Case
_
thous. of cases.
Frozen
.thous. oflb.
Fish, total (15th of month)
_..
do...
Total meats
.mil. oflb.
Beef and veal
thous. oflb.
Pork, total
do...
Fresh and cured
_
do...
Lard_
do...
Lamb and mutton
do...
Miscellaneous meats
mil. of lb.
Poultry
thous. oflb.
METALS AND MANUFACTURES
Page 139
Machinery and apparatus:
Foundry equipment:
Orders:
New
.1922-24=100.,
Unfilled, end of month
do
Shipments.
do
PAPER AND PRINTING
Page 146
Paper:
Newsprint:
Canada:
Production
„
_
short tons_.
Shipments from mills.
__
do
Stocks, at mills, end of month
do...
United States:
Consumption by publishers
do
Production
do
Shipments from mills.
_
.do
Stocks, end of month:
At mills
do.._.
' At publishers!
do
In transit to publishers!
do
July
1939
1938
1939
July
Decem- January
August SeptemOctober November
ber
ber
February
March
April
May
June
7,395
7,437
2,015
' 6,642
r 6, 710
«• 1, 253
7,648
7,846
1,416
9,124
9,181
1,466
11,188
11,101
1,364
10,309
10,195
1,233
10,433
5,500
1,285
6,720
6,828
1,379
6,567
6,454
1,260
7,578
7,616
1,294
7,523
7,719
1,485
8,203
8,490
1,766
7,944
8,166
1,982
17,643
32,232
13.823
1,765
16,370
33, 717
12, 350
1,684
17,284
35,176
14,483
1,590
15,800
32, 736
16,072
1,639
17, 017
28,319
18,986
2,111
15,164
23, 277
17,249
2,439
16,772
20,895
17,389
1,841
17,067
24,433
11,327
1,691
14, 671
26, 072
11,198
1,350
17,423
27, 741
13,202
1,851
17,859
29,625
13,253
2,076
18,655
31,078
15,032
2,009
16,827
30,860
15,029
1,858
1,667
1,630
1,946
2,017
2,306
1,900
1,465
1,635
1,294
1,542
1,467
1,737
1,476
971
664
952
659
1,103
821
1,061
950
1,122
1,120
989
927
843
632
975
60S
807
496
952
579
869
581
1,068
647
934
546
1,948
1,570
1,797
1,881
2,255
2,607
2,570
2,699
1,971
2,205
1,996
2,410
2,105
1,394
546
1,122
444
1,323
465
1,397
479
1,903
691
1,848
726
1,928
754
1,398
566
1,654
547
1,509
485
1,822
575
1,535
560
2,042
1,964
2,664
2,986
1,660
587
2,805
1,945
1,552
1,746
1,546
1,766
1,993
1,951
1,711
1,040
979
992
1,146
1,495
1,174
1,786
1,124
1,673
968
890
673
1,063
677
953
595
1,046
720
900
1,082
1,070
884
913
804
165,094
119,291
173,257
134,351
201,252
150,248
210,703
140,755
194,285
132,326
159,254
127,440
128,872
120,174
111, 354
106,411
92,780
91,485
78,909
81,653
70,909
75,345
84,437
79,272
131, C09
'98,850
7,017
143,021
59,985
699
33,491
5,942
6,411
135,329 125,018
66.716 75,882
548
601
35,925 34,467
502,058 451,397
378,981 334,777
123,677 116,620
1,861
1,972
60
61
52,640 54,941
454,958
139,941
1,892
69
65,138
5,S80 ' 6,977
3,357
1,105
165
136
302
1,439
4,765
3,244
110,244 94,305 78,091 62,903 50,345 44,470 60,465 88,867 117,900 141,456
84,537 85,665 93,024 90.711 77,088 62,253 40,423 29,756 35,295 46,965
761
758
758
784
'749
791
671
484
413
459
34,650 *• 33,591
36,943 41,218 52,637 58,187 53,126 46,404 40,970
367,177 319,312 373.041 537,525 658,489 667,419 652,456 656,746 659,587 645,173
277,231 251,645 299,142 430,104 526,411 542,138 523,204 527,213 520,251 496,796
89,946 67,6f>7 74,499 107,421 132,078 125,281 129,252 129,533 139,336 14S,377
1,791 '1,837
1,956
2,412
2,773
2,925
3,541
3,171
2,318
2,606
68
65
63
63
68
76
72
54
53
50
59,942 77,692 118,088 139,108 133,631 116,229 90,987 70,568 66,796 '67,470
89.7
87.0
94.5
S3.4
102.8
89.1
78.7
97.3
84.2
227,630
221,743
202,051
202,546 220,303
205,490 204,668
179,282 194,917
231,940
230,346
196,511
254,872 245,295 209,753
255,100 264,421 225,472
196,283 177,157 161,438
172,861
74,932
75,354
151,875
63,278
69,718
151,324
67,436
66,006
162,457
68,315
74,336
187,450
72,827
72,203
176,322 177,134
78,390 75,855
76,278 77,974
17,002
252,754
43,459
22,557
316,635
26,262
23,987
314,586
34,696
17,966
303,067
32.653
18,590
288,408
47,570
448,453
196
25
561,406
201
18
534,037
389
11
542,778
465
11
21,915
5,925
225
22,153
7,375
280
76.2
22,189
6,613
252
76.1
22,114
7,118
273
81.9
114.0
13$. C
135.5
TEXTILE PRODUCTS
Pages 154,155
Cotton:
Consumption
_
bales.. 521,405
Exports (excluding Ifntcrs)f._thous. of bales,.
107
Imports (excluding linters).
do
16
Spindle activity:
Active spindles
thousands.. 21,915
Active spindle hours, total.. .mil. of hours-.
6,622
Average per spindle in place
hours,.261
81.5
Opcrationsf
--pet. of capacity..
75.3
108.6
105.8
70.2
87.9
91.8
93.4
122.5
151.4
96.3
108.9
173.1
144.3
146.6
193.6
128.1
146.2
20S.fi
131.0
208,382 200,631 220,648
201,852 178,236 205,099
167,968 190,363 205,912
220,843
214,255
212,500
250,015 240,545
274,635 232,261
187,880 196,164
160,916
77,264
72,967
153,346
70,868
71,926
174,096
79,929
81,616
179,542
77,393
77,463
178, .543 170,980
85,872 80,562
84,443 84,62S
20,702 18,583
291,477 284,661
44,628 30,677
22,880
267,155
36,872
21,822
251,041
13,449
20,135
223,469
32,580
20.065 21,494
206,727 229,142
37,253 39,251
17,428
230,443
47,737
481
H
565,307
361
11
591,991
290
12
562,293
264
649,237
330
10
546,702
178
13
605,353
143
14
578,448
114
12
22,449
7,575
291
83.6
22,445
7,187
277
82.3
22,440
7,641
295
85.7
22,525
7,171
277
22,472
8,236
319
86.6
22,109
21.975
7,575
295
81.4
21,788
7,395
289
S2.2
141.9
126.0
102.8
135.5
175.1
112.2
87.8
84.6
134.9
159.2
148,5
*• Revised.
t Revised series. Data for exports and imports of cotton revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey. Data for cotton spindlo activity
operations revised beginning August 1933; see table 18, p. 18 of the March 1939 Survey. Stocks of newsprint, at publishers, and in transit to publishers, revised for 1937 and
1938; revisions not shown on p. 52 of the April 1939 Survey will appear in a subsequent issue.
NOTE.—The data in the above tables present, in advance of the monthly Survey of Current Businesst such items as were received during the week ended Saturday, August
19. These figures, like similar information in the table entitled "Monthly business statistics" in each monthly issue, should always be read in connection with the detailed
tables covering the respective items in the 1938 Supplement to the Survey of Current Business, which contains a description of each series and a reference to the source of the
data. Series marked with an asterisk (*) are exceptions, representing additions since the 1938 Supplement was issued, and similar data, if published, will be found in the
monthly numbers indicated by the footnotes. Changes in the series are also indicated in the footnotes. The Survey of Current Business, including 12 monthly Surveys of 56
pages each, and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. C , for $2.00 per year. The 1938 Supplement may be
obtained from the same source upon receipt of $0.40.
U. S. GOVERNMENT PRINTING OFFICEt 1939
@FedFRASER