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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , DECEMBER 21, 1939 SUMMARY OF BUSINESS TRENDS CTIVITY in manufacturing industries continues relatively high, though the curtailments normal to December are appearing in some lines of business. Steel-ingot production has eased further and for the pre-Christmas week is scheduled at 90 percent of capacity, down 4 points since the end of November. The major advance has been in the automobile industry as Chrysler plants moved into heavy production. Recent data for the month of November reveal that activity in the cotton textile industry increased more than seasonally from the high October position. This industry continues to hold sizable backlogs of unfilled orders; there was a limited revival in new orders last week as rising prices for raw cotton firmed the price structure for processed goods. Prices of raw cotton have advanced more than a cent a pound thus far in December and the average for spot markets at 10.82 cents a pound on Saturday was 1.5 cents higher than a month ago. Several other major commodities such as wheat, other grains, and silk, have increased considerably in price over the past few weeks, but there is no evidence of a general upswing in raw material prices. Wheat prices have advanced further with the May delivery closing at $1.05 per bushel on Saturday, up 10 cents for the week, and 20 cents above the quotation a month ago. A Exports of United States merchandise declined to $287,000,000 in November from the October total of $323,000,000, but otherwise were the largest in a number of years except for a few months in 1937. (See chart below.) The decline resulted largely from reduced shipments of cotton and vegetable food products; shipments of nonagricultural products on the whole were not significantly changed from the preceding month. Total value of nonagricultural exports was about one-fourth higher than in November 1938. While the value of cotton exported was higher than in 1938, vegetable food products were lower and shipments of leaf tobacco were only one-fourth of the year-earlier value. Exports to Norway and Sweden, which had advanced considerably in October, fell off and there was a reduction from $52,000,000 to $31,000,000 in shipments to the United Kingdom—$8,000,000 of this decline was in cotton. Shipments to 8 leading Latin American markets increased slightly from October and, as in that month, were considerably above the average for the first 8 months of the year; normally there is not much seasonal change in the aggregate volume of shipments to these markets except for automobiles. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (FFSCCNT ELECTRIC POWER PRODUCTION OF CAPACITY) SPOT COMMODITY (BILU0M5 OF KILOWATT HOURS) (H00D^5 1NDF.K- PRICES DEC. 31, 1 9 5 1 - I Q O ) 225 200 ^ \f I _»•»•*" ^ X 175 i 150 1251*, BITUMINOUS COAL PRODUCTION (.MILLIONS OF SHORT /?39 CONSTRUCTION CONTRACTS - f. W. DODGE TONS) PRICES OF 3 5 0 INDUSTRIAL STOCKS (DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS) (!NDf.X, 12 1926 -- 100) 1601 10 8 V 6 /9}8J ^^ 4 2 l ) i t i > i AA_J AUTOMOBILE PRODUCTION OO 150 (TnPUr-ANP_S_OF Or VIHICU5) i , , ! CARS) (PERCENT) w-jr A. / 125 100 A\ 75 50 25 0 1 400 500 ! DEPARTMENT STORE SALES ITM0USAN05 OF nonrmr ow 95 ^ — ^ \ l^v/ V 85 80 J ,, 1937 19S595—30 i , , i H0«r~LY WA 700 / .A^ r 600 \ A V 400 / V AJ i , , ,, 11 . 1 ,, 1939 I , , ?00 400 350 300 AA 250 200 f/W t 150 300 M 1938 (MILLIONS OF DOLLARS) BALES) 800 500 V 75 EXPORTS OF US. MERCHANDISE COTTON CONSUMPTION (SEASONALLY APJU5TED - 1923 - 2 5 * 100) 100 90 L YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS , . 1 , , 1 i . ! i . 1AI 1 1 1 I ' ! 1 1 I 1 1 1937 1938 1939 100 1937 1938 1939 WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25=100] 1939 1938 1938 1939 1937 1937 Dec. Dec. Dec.Nov. Nov. Dec. Dec. Dec. Dec. 25 10 18 Dec. Dec. Dec.Nov. Nov. Dec. Dec Dec. Dec. 25 16 Finance—C ont inued. Banking: Debits, outside N. Y. C.i____ 101.6 120.3 106.1 101.3 113.8 89.4 94.4 97.8 Federal Reserve reporting member banks: Loans, total Commodity prices, wholesale: 71.0 69.3 68.9 68.4 68.0 67.7 76.0 76.1 Interest rates: Dept. of Labor, 1926=100: 24.2 24.2 24.2 24.2 24.2 24.2 Combined index (813) 24.2 Call loans t 79.0 78.8 79.0 76.7 77.1 81.5 81.9 Farm products (67) 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 67.4 67.1 67.6 Time loans t— 67.4 67.8 73.2 73.4 156.3 155.5 154.1 153.1 152.3 141.7 141.0 136.3 135.8 71.3 71.1 72.0 Food (122) Currency in circulation! 72.6 73.7 79.7 80.7 84.4 84.4 84.4 Allother (624) 80.6 80.7 83.7 83.7 Production: 154.4 151.4 122.7 95.0 113.6 134.9 132.0 121.9 124.2 Fisher's index, 1926=100: Automobiles.86.4 88.5 103.8 96.4 80.2 1.4 101.2 Bituminous coalj Combined index (120) 79.8 79.8 83.9 84.3 85.2 84.9 84.7 84.0 134.1 130.9 129.1 124.0 118.9 90.5 88.6 Cotton consumption! Copper, electrolytic? 89.1 89.1 89.1 89.1 79.7 79.7 72.5 73.9 155.2 152.4 149.0 150.9 140.0 139.2 132. 131.8 Cotton, middling, spot Electric powert 42.3 39.7 38.6 37.5 31.6 31.6 30.5 30.1 56.3 56.1 50.7 54.4 36.6 Lumber 47.1 Petroleum!. __ 157.8 157.9 51.3 78.6 62.4 85.1 80.3 Construction contractst.57. 183.3 172.4 157.\ 3 155.8 165.1 163.9 Steel ingots®. Distribution: Carloadings 156.7 159.4 162.1 161.3 160.6 97.2 101.1 45.0 45.2 71.7 71.9 70.6 80.5 63.2 64.6 62.6 64.6 Receipts, primary markets: 102.1 105.9 Employment: Detroit, factory... 97.8 100.9 Cattle and and calves Finance: 73.8 85.2 tance: 72.0 66.6 66.6 78.3 Hogs 'ailures, commercial— 49.9 56.8 49.1 46.9 54.8 53.1 53.1 54.3 54.5 54.5 60.0 65.8 53.5 42.6 52.9 64.4 55.0 70.4 60.3 Failures, commercial 71.9 72.3 tondyieldst — - 64.0 64.1 64.0 63.8 64.1 68.8 68.6 71.9 Cotton 144.2 126.9 163.8 151.5 192.7 61.9 84.2 123. 139.6 Bond yieldst 91.7 94.8 tockpricesj 111.8 111.3 110.5ill2.3lll2.4 107.6 105.3 91.7 Wheat 36.3 33.7 27.1 33.5 42.8 48.2 Stock pricesi 31.3 31.1 • Data do not cover calendar weeks in all cases. ^Computed normal=100. JDaily average. tWeekly average, 1928-30=100. 1937 issue. ^Seasonally adjusted. ©Index for week ended Dec. 23 is 154.6. d"For description of these indexes, see p. 4 of the Dec. 16, ] Business activity:1 1 New York Times Id . Barron'scf Business Week 106.3 106.0 105.8 105.9 93.7 94.4 84.6 85.0 117.5 117. (0 115.0 114. 6 102.1 101.0 81.5 83.0 125.7 125.7 124.6 124.1 104.2 103.8 83.6 84.6 WEEKLY BUSINESS STATISTICS* 1939 Dec. 16 Dec. 9 Dec. 2 Nov. 25 1938 Nov. 18 Nov. 11 Dec. 17 Dec. 10 1937 Dec. 18 Dec. 11 1936 Dec. 19 COMMODITY PRICES, WHOLESALE 0.123 0.123 Copper, electrolytic, New York dol. per lb._ 0.123 0.123 0.123 0.110 0.110 0.102 0.123 0.100 0.105 .102 .105 Cotton, middling, spot, New York do .101 .108 .115 .086 .086 .082 .100 .083 .128 2.39 2.35 Food index (Bradstreet's) do 2.42 2.32 2.32 2.39 2.38 2.67 2.43 2.65 2.91 37.42 37.44 Iron and steel, composite,. dol. per ton.. 37.2fi 37.26 36.38 37.19 37.53 38.90 36.36 38.88 35.18 .93 Wheat, No. 2 Hard Winter (Kansas City).dol. per bu_. .67 .97 .67 .87 .97 1.37 Banking: FINANCE Debits, New York City. mil. of doL. 2,983 3,004 3,012 4,436 3,676 2,739 3,505 5,616 Debits, outside New York City (140 cities) do 4,700 4,649 4,100 4,400 4,151 4,149 4,106 4,707 4,533 5,434 4,380 Federal Reserve banks: Reserve bank credit, total do 2,715 2,645 2,605 2,591 2,568 2,631 2,612 2,600 2,543 2,721 2,483 2,649 2,593 2,552 U. S. Government securities do 2,512 2,564 2,564 2,551 2,564 2,512 2,687 2,430 11,587 11,619 11,620 11,617 Member bank reserve balances. do 8,966 6,884 9,034 11,288 11, 749 6,674 5,154 5,166 5,171 5, 13.1 Excess reserves, estimated .do 3,442 1,057 1,052 3,470 4,849 5,354 2,0J6 Federal Reserve reporting member banks: 18,604 18,824 Deposits, demand, adjusted do 18,918 14,707 16,114 18,972 18,981 14,075 16, 221 15,625 18,660 5,252 5,256 Deposits, time do 5,192 5,232 5,237 5,183 5,130 5,251 5,031 5,250 5,127 14,465 14,475 12,168 14,516 Investments, total§ do 11,980 14,503 13,008 13,806 14,652 12,990 14,314 8,726 8,013 8,172 8,725 8,724 8,713 U. S. Government direct obligations .do 8,080 9,310 8,087 8,720 Obligations fully guaranteed by U. S. Govern1,102 1,114 1,685 2,402 2,401 2,415 1,696 2,408 1,239 2,250 ment mil. of dol.. 2,413 9,500 8,460 8,549 8,617 8,656 8,646 9,509 9,069 8,496 8,521 Loans, total§ do 8,871 Commercial, industrial, and agricultural Joans§ 4,645 4,362 4,381 4,378 3,881 3,872 4,330 mil. of dol.. 4,416 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Interest rates, call loanst .percent.. 1.00 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 Interest loans} 1.25 1.25 ' * ' rates, ' "" time " * ' ---.do--_Exchange rates: 3.394 2.637 2.223 2.224 2.212 2.213 3.398 2.629 French franc*.... 4.670 2.229 2.201 cents._ 3.922 3.924 3.905 4.998 4.681 4.670 Pound sterling?. ..dollars.. 4.997 3.904 4.910 3.882 3. 933 244 223 221 216 191 Failures, commercial.. .number.. 231 185 222 200 203 220 6,594 6,849 7,433 7,398 7,553 0,573 6,881 7,485 Currency in circulationt mil. of dol... 6,618 7,404 • 7,588 Security markets: 39,900 41,080 39,760 38,590 Bond sales (N. Y. S. E.) thous. of dol. par value.. 46,320 57,080 34,110 34,170 92,690 41,070 27,980 4.15 3.96 3.70 3.70 Bond yields (Moody's) (120 bonds)! ..percent.. 4.17 3.97 3.68 3.69 3.60 3.69 3.71 5,170 4,616 3,934 2,978 3,850 Stock sales (N. Y. S. J?.)_ thous. of shares.. 5,870 7,356 3,639 12,378 4,168 4,624 89.08 102.27 109.17 108.06 Stock prices (N. Y. Times)t ....dol. per share.. 92.11 104.48 107.30 137.59 108.53 108.29 80.7 91.2 93.5 92.5 Stock prices (Standard Statistics) (420) 1926=100.. 84.3 93.0 91.7 123.9 91.9 94.4 93.6 109.6 109.9 108.7 Industrials (350) ...do 97.7 112.0 107.6 144.0 110.3 107.9 111.2 80.7 77.9 87.0 86.9 Public utilities (40) do 80.5 78.3 86.8 87.9 87.0 110.9 87.4 30.4 27.9 31.4 30.2 Railroads (30).. do 32.2 29.0 29.9 31.2 29.9 54.8 31.5 PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobilesi... number.. 117,805 115,488 100,705 93,025 123,960 102,905 86,700 72,520 94,763 93,&38 86,200 Bituminous coal|_. thous. of short tons.. 1,365 1,471 1,523 1,642 1,767 1, 790 1,724 1,353 1,508 1,784 Electric power mil. of kw. hrs__ 2,319 2,514 2,482 2,586 2,196 2,202 2,275 2,333 2,539 2,514 Petroleum} thous. of bbL. 3,592 3,818 3,414 3,245 3,287 3,440 3,289 3,146 3,276 3,797 Steel ingots® pet. of capacity.. 93.5 93.9 27.5 59.9 94.4 92.8 27.4 92.5 79.2 57.6 91.2 10,022 Construction-contract awards thous. of dol 8,234 13,669 12,614 10,461 12,894 Distribution: 687, 265 Freight*car loadings, total __ cars.618,964 771,404 60*3,314 676,516 000,283 688,888 730,048 619,266 785,961 Coal and coke . do 140,554 134,595 133,048 163,133 166,938 145,691 147,459 164,003 173,642 156,811 Forest products.. .... ..do 34,996 28,043 29,113 35,612 33,223 34,764 26,717 35, 738 24,923 35,823 Grains and grain products do 35,997 38,222 38,310 34,588 34,413 35,956 36,897 £3,807 34,894 37,697 13,779 13,554 Livestock do 14,731 14,971 14.767 14,355 14,546 13.177 15,904 17,650 Merchandise, 1. c. I .do 154, 216 149,510 158,028 142,556 156,735 148,091 151,328 145,546 150,238 164,415 23,917 11,640 11,858 9,198 8,665 10,281 8,260 45,635 8,518 55,876 Ore __do 281,353 293,739 292,360 316,195 315,242 245,758 215,236 220,324 298,481 Miscellaneous. _ ..do Receipts: 211 228 254 233 247 210 269 216 277 Cattle and calves ___ thousands.. 427 357 343 277 347 391 418 527 457 298 Hogs do 330 501 394 426 375 363 219 286 321 161 515 Cotton into sight thous. of bales.. 2,6fi4 2,679 2,157 2,887 2,474 3,874 2,495 3,406 3,837 2,460 2.490 Wheat, at primary markets thorn, of bu.. ® Rate- for week ended Dec. 23 is 90.0. tpaily average. • Data do not cover calendar weeks in all cases. §No longer strictly comparable; for an explanation, see the corresponding data on p. 30 of the July 1939 issue of the SURVEY. ^SOURCE: Ward's Automotive Reports MONTHLY BUSINESS STATISTICS 1938 Monthly statistics through December 1937, to- 1939 gether with explanatory notes and references to the sources of the data, may be found in the Novem- Novem- DecemJanuary 1938 Supplement to the Survey ber ber ber 1939 February March April May June July August September October COMMODITY PRICES Pages 11,13,14, 131,134, 15 Retail prices: U. S. Department of Labor Indexes: Food 1923-25=100.. Fairchild's index: Combined index ...Dec. 31,1930=100.. 77.9 77.8 78.6 77.5 76.8 76.4 76.6 76.5 76.3 76.5 75.1 79.0 78.4 91.9 88.9 88.9 89.1 89.1 89.1 89.1 89.1 89.1 89.3 89.5 90.2 91.2 Infants' do ^Men's do Women's do Home furnishings do Piece goods ~_ . do Wholesale prices: U. S. Department of Labor indexes: Combined index (813 quotations) 1926.-100.. 96.4 88.7 90.9 93.5 85.0 96.4 88.7 89.2 90.4 84.4 96.3 88.7 89.0 90.4 84.3 96.3 88.7 89.0 90.5 84.3 96.2 88.5 88.9 90.5 84.3 96.2 88.4 88.8 90.5 84.3 90.0 88.4 88.8 90.5 84.1 95.9 88.4 88.8 90.5 84.1 95.9 88.4 88.9 90.6 84.0 95.9 88.4 88.9 90.6 84.1 96.0 88.4 S9.0 90.7 84.1 96.1 88.6 89.5 91.7 84.3 96.3 88.7 90.4 92.7 84.7 79.2 77.5 77.0 76.9 76.9 70.7 76.2 76.2 75.6 75.4 75.0 79.1 79.4 Finished products . . do Raw materials ..do Semimanufactures 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 . Prices received by farmers do 82.0 72.4 82.1 67.3 72.3 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 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 68.6 79.9 68.9 74.3 63.7 68.2 79.6 67.7 74.1 62.4 67.6 79.1 66.5 74.5 61.0 67.2 80.1 81.9 72.6 81.8 68.7 75.1 82.1 82.3 72.3 83.1 67.1 73.3 83.8 84.0 80.6 80.3 . SO. 4 80,5 80.6 SO. 2 79.2 67.8 74.4 62.6 67.5 80.2 22.50 23.15 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 20.50 21.15 20.50 21.15 20.50 21.15 21.50 22.35 22.50 23.15 24.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 23.89 24.89 .0263 .0268 .0268 .0268 .0268 .0268 .0268 .0264 .0262 .0261 .0261 .0261 .0263 34.00 .0210 17.66 34.00 .0210 14.20 34.00 .0210 13.75 34.00 .0210 13.85 34.00 .0210 14.06 34.00 .0210 14.25 34.00 .0210 13.38 34.00 .0210 12.80 34.00 .0210 13.56 34.00 .0210 13.56 34.00 .0210 13.88 34.00 .0210 16.22 34.00 .0210 19.05 127.2 151.5 129.9 156.5 130.8 153.1 130.9 156.5 130.9 159.7 131.3 161.6 132.1 165.3 132.1 163.4 133.2 165.3 133.5 165.3 134.2 166.9 127.3 149.9 126.8 151.5 CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F. W. Dodge Corp. (37 States): Construction, total value thous. of dol_. 299,847 194,357 Building, tnt.rtf valiift* . do 301,679 211,261 389,439 231,052 251,673 165,162 220,197 148,564 300,661 223,011 330,030 209,061 308,4S7 210,567 288,316 204,741 299,883 197,831 312,328 323,227 197,045 212,146 261,790 190,987 113,547 20, 233 93,314 6,608 1,449 18, 749 66,500 118,096 20,372 97, 723 3,581 1,574 14,028 78,540 87,418 19,556 67,861 2,446 2,301 12, 771 50,343 86, 651 18,318 68,333 3,458 1,403 14,024 49,448 111,815 22,147 89,669 4,768 1,695 17,414 65, 792 111,160 22,824 88,335 6,055 2,105 17,655 62, 520 112,377 22, 692 89,685 6,075 1,615 18,538 63,456 105,086 21, 785 83,301 5,345 1,663 17,408 58,886 85,407 20,570 64,838 3,496 2,120 13,999 45,222 90,526 21,115 69,410 3,512 1,349 12, 527 52,022 101,937 20,884 81,053 3,067 1,278 15,045 61,663 119,612 22,393 97,220 6,436 1,767 19,824 69,192 109.5 121.2 112.9 127.0 107.5 118.0 108.8 112.7 109.8 130.0 110.0 117.6 110.0 119.0 111.0 118.0 113.0 120.0 113.0 124.0 114.5 127.0 '113.3 125.0 42,295 51,215 57,085 68,622 24, 769 33,551 24,964 34,901 35, 730 49,768 41, 595 51,236 42,323 59,613 41,302 56,768 33,452 43,941 38,998 48,259 44,743 62, 751 54,945 67,240 147.2 113.1 183.6 114.8 91.3 120.0 100.1 123.7 115.0 -131.0 120.2 130.8 120.5 131.2 120.0 133.7 91.1 124; 8 132.6 107.2 -131.1- - 125.4 160.3 123:4 31,676 13,041 18,636 29,403 12,425 17,039 39,966 18,879 21,087 32,393 14,533 17,860 27,581 12,380 15,201 34,486 16,274 18,211 30,143 I3 t 311 16,832 31, 928 14,165 17, 763 33,98S 15,312 18, 676 30,477 12,791 17,683 30,613 13,118 17,496 33,664 15,138 18,520 32,711 13,083 19,029 886 11,877 984 12,302 875 36,528 1,263 19,122 963 12,788 1,057 17,851 1,064 17,435 l T 028 14,664 847 11,460 885 14,128 859 11,259 758 9,402 916 16,140 83.0 87.0 101.8 60.2 82.1 86.9 99.3 60.2 81.1 86.0 98.7 58.6 81.9 86.2 99.7 59.7 82.1 86.4 100.7 59.0 83.1 87.1 101.3 60.9 79.4 S3.8 99.7 54.5 80.2 84.8 101.0 54.8 81.4 86.2 101.6 56.2 81.6 80.3 102.1 56.4 81.0 85.8 101.7 55.5 80.9 85.0 98.6 59.0 82.9 80.4 100.5 01.6 DOMESTIC TRADE Pages 26, 27, 30 Advertising: Newspaper advertising: Lineage, total (52 cities) thous. of lines.. 113,457 20,194 Classified do 93,264 Display, total do 4,537 Automotive do 1,376 Financial do 18,470 General do 68,880 Retail do Retail trade: Chain-storo sales: Chain-Store Age index: Combined index (20 chains) 117.0 av. same month 1929-31=100.. 132.0 Apparel chains -. do Mail order and store sales: Montgomery Ward & Co thous. of dol.. 47,764 60,330 Sears, Roebuck & Co.. ___ do Rural sales of general merchandise: 159.7 Total, U. S., unadjusted 1929-31=1OO__ 122.7 ..Total, U.^^adjusted! do.... 80.2 .. 80.2. FINANCE Pages 53, 57, 58, 70, 73, 77 Banking: Bank debits, total (141 cities) mil. of dol. New York City..... do Outside New York City _do Commercial failures:! ^ Grand total _• number.. Liabilities, grand total thous. of doL. Security markets: Prices: Bonds: Standard Statistics Co., Inc. (60 bonds) dol. per $100 bond.. Industrial (20 bonds).. do Public utilities (20 bonds) do Rails (20 bonds) ...do.... Standard Statistics Co., Inc.: 92.4 95.3 86.1 S6.3 S6.0 83.1 91.7 90.1 81.9 91.8 92.0 94.2 94.7 Combined index (420 stocks). 1926=100.. 112.7 109.4 100.5 100.6 100.5 97.0 108.0 106.3 95.9 109.3 110.9 110. 6 113.6 Industrials (350stocks)... do— 86.0 84.3 *87.0 84.9 84.7 S2.4 SO.O 85.8 S3.8 81.2 87.3 77.9 80.9 Public utilities (40 stocks) do 32.9 29.7 25.4 25.9 25.7 25.0 24.8 29.7 28.0 29.8 31.6 30.0 28.8 Rails (30 stocks) do.... r Revised. * New series. Monthly data beginning 1925 are shown in table 49, p. 17 of the November 1939 SURVEY. t Revised series. Rural sales of general merchandise adjusted for seasonal variations revised beginning 1934; see table 37, p. 17 of the August 1939 SURVEY. For revised i on commercial failures see footnote marked " t " on p. 31 of the October 1039 SURVEY, MONTHLY BUSINESS STATISTICS—Continued 1939 1939 1938 gether explanatory noies notes an and references gemer with wun explanatory *o the to the sources sources of of the the data, data, may may be be found in the Novem- Novem- Decem- January ber ber ber 1938 Supplement to the Survey tunthly statistics through December 1937, toMo March April May June July August Severn- Octo- FOODSTUFFS Pages 103,110, 111, 112,115 Livestock: Cattle and calves: Receipts, principal markets 1,912 thous. of animals. 1,900 Disposition: Local slaughter. do.-. 989 963 973 Shipments, total . do... 927 Hogs: 2,847 2,607 Receipts, principal markets do... i Disposition: trr Local slaughter do... 1,903 2,177 Shipments, total do... 691 665 Sheep and lambs: Receipts, principal markets do 1,945 1,907 Disposition: Local slaughter. .do... 944 Shipments, total --_do... 984 Stocks, cold storage, end of month: Butter, creamery thous. of lb. 89,752 160,632 Cheese (total) d o . . . 112,211 127,440 Eggs: 1,439 1,580 Shell thous. of cases.. Frozen thous. of lb.. 87, 789 78,091 Fish, total (15th of month) do.... 84,505 484 561 Total meats. ___mil. of lb.. 52,637 Beef and veal _. .thous. of lb.. 66,925 Pork, total... do.... 420,897 373,641 Fresh and cured.-. do-... 332,357 299,142 74,499 Lard ._ do 88,540 Lamb and mutton.. do 3,171 4,190 Poultry thous. of lb.. 127,030 118, OSS 1,465 1,635 1,294 1,542 1,467 1,737 1,476 1,667 1,764 2,117 2,438 843 632 975 608 807 496 952 579 869 581 1,068 647 934 546 971 664 972 795 1,019 1,074 1,124 1,270 2,570 2,699 1,971 2,205 1,996 2,410 2,105 1,948 2,007 1,995 2,458 1,848 726 1,928 754 1,398 566 1,654 547 1,509 485 1,822 575 1,535 560 1,394 546 1,451 550 1,458 534 1,825 617 1,552 1,746 1,546 1,766 1,993 1,951 1,711 2,042 2,392 2,625 2,607 890 673 1,063 677 953 595 1,046 720 900 1,082 913 804 983 1,040 1,419 1,064 1,564 1,075 1,520 128,770 120,174 111, 354 106,411 92,780 91,485 78,909 81,653 131,609 98,850 165,183 117,598 172,825 125,019 154,594 116,561 128,111 114,736 302 136 62,903 50,345 90,711 77,088 791 671 58,187 53,126 537,525 430,104 526,411 107,421 132,078 3,541 2,925 139,108 133,531 165 44,476 62,253 784 46,404 667,419 542,138 125,281 2,773 116,229 1,070 884 84,437 79,272 5,880 117,900 35,295 761 34,650 659,587 520,251 139,336 1,791 66,790 T6,977 141,456 46,965 749 33, 591 645,173 496, 790 148,377 1,837 67,470 7,024 5,430 ' 3,519 144,359 135,928 121,471 104,282 59,940 72, 765 79,384 r 83,296 699 478 573 '452 33,456 33,027 36,917 ' 49,242 594,581 471,310 379,020 341,393 454,766 360,932 300,226 272,655 139,815 110,378 78,794 ' 68,738 2,965 ' 3,499 1,893 2,459 64,918 62,870 63,164 r 79,228 70,909 75,345 3,357 1,105 60,465 88,867 40,423 29,756 758 758 40,970 36,866 652,456 656,746 523,204 527,213 129,252 129,533 2,412 1,956 90,937 70,563 FUELS AND BY PRODUCTS Pages 117,119 Coal: Anthracite: Production Bituminous: Production Coke, beehive: Production thous. of short tons.. --- - 3,946 3,803 4,533 4,953 4,114 3,604 5,296 5,073 3,530 2,912 3,832 4,776 4,919 do— 42,835 35,925 36,541 35,530 33,910 35,290 10,747 17,880 27,900 29,135 34,688 38,150 45,950 --do— 335 70 79 77 71 20 25 52 46 44 '75 256 1,138 1,786 2,634 2,872 1,284 1,884 3,245 2,899 1,155 1,949 3,397 4,205 1,074 ' 1,811 3,065 ' 3,770 1,156 1,924 3,697 3,938 13,885 10,074 3,811 13,996 10,301 3,695 12,606 8,876 3,730 12,523 ••8,708 '3,815 12,489 8,740 3,749 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 PAPER AND PRINTING Pages 145,146 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 : •.. alo,». At publishersf do..., In transit topublisherst—..dp.... 1,319 1,936 3,185 ' 2, 795 13,602 9,868 3,734 1,326 1,943 3,170 3,236 1,329 1,955 3,623 3,115 1,168 1,672 3,463 2,774 1,187 1,736 3,473 3,015 1,227 1,715 3,666 '3,066 1,064 1,619 3,323 3,090 13,375 9,699 3,676 13,009 9,229 3,780 12,813 9,026 3,787 12,905 9,078 3,827 12,976 9,151 3,825 9,059 3,840 288,726 287,869 193,466 245,295 264,421 177,157 200,631 209,753 225,472 201,852 178,236 161,438 167,968 190,363 181,259 78,886 81,410 176,322 78,390 76,278 177,134 75,855 77,974 160,916 77,264 72,967 153,346 174,096 70,868 79,929 71,926 81,616 179,542 77,393 77,463 178,543 85,872 84,443 13,399 295,5S9 50,656 20,702 291,477 44,02S 18,583 284,661 30,077 22,880 267,155 36,873 21,822 251,041 13,449 20,135 223,469 32,580 20,065 206,727 37,253 21,494 17,42S 229,142 230,443 251 47,737 718,721 584 11 596,416 480 14 565,627 598,132 290 368 12 11 562,580 264 S 649,940 330 10 543,187 606,090 578,436 143 178 114 14 13 12 22,774 22,447 22,433 22,497 22,633 22,503 22,123 21,970 21,771 24,341 21,239 3,103 13,678 9,009 4,670 15, 539 5,374 10,164 11,820 6,660 5,160 13,608 5,939 17,173 10,241 6,932 31,461 25,641 5,820 55,614 51,401 4,213 220,648 220,843 250,015 240,545 227,630 205,099 214,255 274,635 232,261 221,743 205,912 212,500 187,880 196,164 202,051 170,980 172,861 80,562 74,932 84,628 75,354 17,002 252,754 43,459 T 236,975 253,230 224,367 267,005 214,659 200,884 280,985 289,260 192,609 159,647 177,078 80,000 77,309 79,060 78,559 195,510 78,591 79,364 17,946 16,696 277,589 283,282 39,862 47,776 15,923 285,216 f>0, Oftt TEXTILE PRODUCTS Pages 154, 158 Cotton: Consumption. _ _ bales.. Exports (excluding linters)§..thous. of bales.. Imports (excluding linters)§ do Spindle activity: Active spindles thousands.. Wool: Receipts at Boston, total thous. of Ib_. Domestic .„ do Foreign do 521,353 628,448 107. 219 16 13 10 14 21,939 22,012 22,232 22,659 55,355 51,247 4,109 39,228 35,287 3,941 24,410 19,046 5,363 ••Revised. ° Data not available. t Revised series. Stocks of newsprint at publishers, and in transit to publishers, revised for 1937 and 1938; revisions not shown on p. 52 of tho April 1939 Survey will appear t H in a subsequent issue. ' § Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey. 1 Data for October 1939 are latest available. 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 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40.
@FedFRASER