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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C, JUNE 1, 1939 SUMMARYJ)FJ3USINESS TRENDS I NDUSTRIAL volumes have been expanded since mid-May by the larger coal output and the rise in steel-mill operations with the composite measures of activity averaging higher than in the first 2 weeks of the month. Construction reports continue to reveal a relatively favorable trend, particularly in the building of small residential units. Contracts awarded for residential work during the first 3 weeks of May increased from the April daily rate and were around 50 percent larger than a year ago. Some strengthening in security and commodity quotations has been apparent though the price changes in recent weeks have not been >large,^^Quotations for-hides,. cotton, and wheat have advanced with wheat prices considerably influenced by unfavorable growing conditions in certain areas. Steel-ingot production has moved forward and is scheduled at 52.2 percent of capacity this week as compared with 45.4 percent in the week ended May 20; output for May, however, averaged lower than in April. Trade sources indicate that this increase reflects the removal of threats of fuel shortages as well as the large orders recently booked. Automobile assemblies declined last week as a leading body manufacturing plant was closed in a labor dispute. Automobile parts plants have apparently curtailed operations somewhat in recent weeks. On the other hand, lumber output and operations in other construction materials industries reflect the active building season. The contraction in bituminous coal mining during April is reflected in the monthly indexes of industrial production and income payments that are charted below. Factory employment, however, continued at the March level, though there was a decline in the mid-April pay rolls for some of the nondurable goods industries. The volume of manufacturing output in April was lowered by sizable curtailments in the textile and shoe industries which had produced at a high rate during the first quarter; output of the durable goods industries was also somewhat lower than in March though the decline was less than for the nondurable goods group. The seasonally adjusted index of income payments declined from 84.1 (1929—100) in March to 82.6 for April after showing only small variations in the preceding 3 months. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) (MILLIONS Of SHORT (PERCENT) (THOUSANDS OF CARS) INCOME PAYMENTS INDUSTRIAL PRODUCTION (SEASONALLY ADJUSTED 1929-100) I 0 0 (INDEX, 1926 = 100) YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS OF VEHICLES) (SEASONALLY 130 MONTHLY DATA 95 120 90 110 85 100 80 90 75 80 ADJUSTED lQO) PRICES OF 3 5 0 INDUSTRIAL STOCKS (DAILY AVERAGE AWAROS - MILLIONS OF DOLLARS) TONS? AUTOMOBILE PRODUCTION (THOUSANDS (KOODY;5 INDEX- DEC. 3t, 1951= CONSTRUCTION CONTRACTS - F W. DODGE BITUMINOUS COAL PRODUCTION SPOT COMMODITY PRICES 1923-25=100) FACTORY EMPLOYMENT 8c PAYROLLS (I923-Z5MO0) MOftTHLt DATA 70 1937 151201—39 1938 1939 1937 1938 1939 1937 1938 1939 WEEKLY BUSINESS INDICATORS [Weekly average 1923-25=100] 27 Business activity:! New York Times§cfBarron'scT Business Week Commodity prices, wholesale: Dept. of Labor. 1926=100: Combined index (813) Farm products (67) Food 022) All other (624) Fisher's index, 1926-100: Combined index (120)-.-.. Copper, electrolytic! Cotton, middling, spot 20 13 28 6 21 29 75.7 75. 9109.7 109.2 86.1 85.3 86.3 86.0 70.4 79.0 83.4 67.5 68.0 110.6 111. 6 92.9 90.6 91.8 94.5 75.6 75.3 123.5 121.5 75.8 63.5 67.6 80.7 75.9 64.1 67.4 80.7 76.4 64.4 68.5 81.0 76.1 63.6 68.3 80.9 76.1 63.9 68.6 80.8 78.1 68.8 73.0 81.5 78.2 87.4 87.4 68.8 91.0 91.2 72.9 84.9 85.1 81.7 86.3 93.5 79.7 79.7 79.9 79.9 80.1 80.8 81.4 71.0 71.0 71.7 72.5 71.7 63.8 71. 0 100.0 100.0 29.4 31.3 48.9 48.9 36.0 34.6 34.2 117.4 52.8 64.4 78.8 70.2 Construction contracts*...... 64.2 57.9 59.7 61.1 58.6 56.9 82.1 80.8 Distribution: Carloadings. 129.1 90.0 58.5 Employment: Detroit* factory... 89.8 Finance: 59.7 48.6 48.9 Failures, commercial _ 61.9 58.2 67.8 59.2 67.1 73.5 67.6 67.8 Bond yields* 65.5 65.7 65.5 66.2 66.6 98.0 94.9 96.6 96.0 91.3 Stock prices* . 83.7 133.2 131. 5 • D a t a do not cover calendar weeks in all cases. §Computed normal= ^Seasonally adjusted. ©Index for week ended June 3 is 89.7. 1937 May May M a y May Apr, May May May May 22 29 29 2S 27 20 May May May M a y May May May May, 193S 1939 1937 1938 1939 Finance—Continued. Banking: 76.2 85.5 96.0 100.5 Debits, outside N . Y . C . * . . . . 81.5 9.8 82.5 96.2 Federal Keserve reporting member banks: Loans, total 65.0 64.4 64.7 64.6 64.8 66.8 67.3 76.2 76.0 Interest rates: 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 Coll loans*28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 Time loans* ~ Currency in circulation? 142.3 142.4 142.4 142.6 141.8 132.1 132.0 132.4 132.0 Production: 88.8 105.0 94.9 93. 6 113.6 60.4 64.6 157.8 167.0 Automobiles.. 50.9 10.5 27.0 35.5 53.8 48.5 74.2 72.4 Bituminous coalj 116.2 115.3 110.7 75.8 83.6 136.4 136.4 Cotton consumption! 130.3 130.3 129.9 131.0 118.4 118.1 132.5 132.0 Electric power! Lumber.. _ 50.6 48.1 49.2 48.9 41.8 40.0 i9.7 65.4 165.1 163.4 171.9 171.3 148.8 152.5 171.6170.5 Petroleum* Steel ingots© 83.3 78.0 80.7 82.1 83.5 49.0 51.8 149.5147.8 Receipts, primary markets: 59.2 62.7 61.4 63.4 71.3 74.7 81.1 76.3 Cattle and calves 26.0 39.4 37.2 38.5 39.8 41.4 39.1 Hogs Cotton „ 34.2 27.7 26.5 17.7 26.9 21.2 28.8 29.4 40.8 79.1 80.0 68.0 59.8 56.1 3$. 4 44.5 19.2 23.9 W 100. " JDaily average. fWeekly average, 1928-30=100. <?For 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 Ib_. Cotton, middling, spot, New York do Food index (Bradstreet's) __do Iron and steel, composite dol. per ton.. Wheat, No. 2 hard winter (Kansas City),^dol, per bu.. Banking: FINANCE Debits, New York City mil. of dol.. Debits, outside 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 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* percentInterest rates, time loans* do Exchange rates: French franc* cents Pound sterling* „ dollarsFailures, commercial... number Currency in circulation* mil. of doL Security markets: Bond sales (N. V. S. E.) thous. of dol. par value.. Bond yields (Moody'*) (120 bonds)* _ percent Stock sales (N. Y.S. E) thous.'of sharesStock prices (N. Y Times)t dol. per shareStock prires (Standard Statistics) (420)-—1926=100 Industrials (350)._ do . 1 ! Public utilities (40) do" .. Railroads (30) _ do May 27 May 20 May 13 0.098 .098 2.25 35.63 .78 2.27 35.63 .76 0.099 .094 2.28 35.72 .75 3,071 3,779 3,340 4,161 2,576 2,564 10, 097 4,304 1938 May 6 1937 1936 Apr. 29 Apr. 22 May 28 May 21 May 29 May 22 0.100 .093 2.27 36.21 .75 0.099 .092 2.27 36.26 .71 0.103 0.088 .080 2.35 0.098 .085 2.35 0.138 .133 2.86 1.32 0.093 .118 2.55 32.83 .91 2,930 3,830 4,136 4,465 2,831 2,576 2,564 10.005 4,244 2,575 2,564 9,967 4,186 2,572 2,564 9,872 4,084 16,955 5,247 13,548 8,264 16,681 5,247 13,563 8,304 16,719 5,249 13,634 8,334 2,046 8,125 2,031 8,046 3,837 1.00 1.25 May 30 38.44 .77 38.50 .82 0.138 .133 2.85 39.89 1.30 3,270 4,091 2,782 3,532 2,937 3,967 3,220 4,452 3,400 4,663 3,134 3,722 2,580 2,564 9,903 4,124 2,591 2,564 9,743 2,583 2,564 7,716 2,632 2,589 2,564 7,622 2,555 2,557 2,526 6,944 2,565 2,526 6,918 907 2,466 2,430 5,747 2,001 16,660 5,248 13,714 8,341 16,742 5,235 13,675 8,270 16,619 5,213 13,684 8,273 14,697 5,212 12,252 7,922 14,569 5,209 12,271 7,979 15,528 5,222 12,653 8,308 15,425 5,205 12,677 8,314 14,562 5,028 13,515 8,920 2,010 8,085 2,026 8,071 2,030 8,100 2,030 8,124 1,385 8,345 1,364 8,408 1,159 9,529 1,162 9,500 1,290 8,299 3,845 1.00 1.25 3,852 1.00 1.25 3,841 1.00 1.25 3,844 . 1.00 1.25 3,858 1.00 1.25 4,031 1.00 1.25 4,074 - 1.00 1.25 4.251 1.00 1.25 4.205 1.00 1.25 1.00 1.25 2.649 4.681 252 6,908 2.649 4.681 237 6,916 2.649 4.681 276 6,916 2.649 4.681 241 6.923 2.648 4.681 273 6,885 2.648 4.680 268 6,871 2.770 4.946 257 6,417 2.794 4.965 243 6,408 4.467 4.941 198 6,430 4.468 4.942 199 6,409 6.583 4.985 187 5,929 33,290 3.78 3,871 95.18 84.6 98.7 83.9 25.6 25,080 3.79 2,501 92.16 81.1 94.5 81.2 24.0 28,290 3.78 2,655 93.79 83.6 97.6 82.8 25.4 26,340 3.82 2,639 93.23 83.1 97.2 81.6 24.9 24,190 3.84 2,858 91.57 81.0 94.6 80.5 24.1 •24,880 3.85 2,467 91.16 80.0 93.6 78.9 23.7 • 24-520 4.32 3,059 77.91 70.8 83.5 67.9 20.5 26,480 4.24 2,427 81.24 74.8 88.5 70.2 22.0 38,230 3.90 3,268 129.38 116.8 137.6 93.8 56.3 40,270 3.91 5,063 127.74 114.3 134.4 91.2 57.2 51,810 3.95 4,561 120.81 103.7 118.5 99.4 47.0 2.28 36.29 PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles..number80,145 71,420 72,375 67,740 86,640 90,280 120,425 127,438 49,310 46,120 Bituminous coal* thous. of short tons.. 867 459 179 605 479 1,263 826 917 1,233 Electric power mil. of kw.-hr.. 2,170 2,164 2,171 2,183 2,199 2,207 1,968 1,973 2,199 Petroleum* thous. of bbl3,438 3,5S1 3,403 3,568 3,527 3,574 3,176 3,099 3,550 45.4 47.8 Steel ingots®. _ pet. of capacity.. 47.0 48.6 48.5 50.9 91.0 30.7 29.0 90.0 Construction-contract awards* thous. of dol 11,275 Ht073 14,147 10,348 18,842 12,655 8,481 Distribution: 615,966 555,396 672,857 586,015 558,706 562,061 545,789 790, 503 775,074 Freight-car loadings, total _ cars.. 97,183 6fl,104 47,677 80,998 73,459 91,312 133,621 127,376 102,448 Coal and coke.. 1 do 30,127 30,573 29,231 28,456 25,870 42,478 26,841 41,579 Forest products dol... 34,284 34,019 34,370 35,231 30, 759 32,160 27,262 33,344 25,705 Grains and grain products do .. 11,811 13,875 12,783 14,106 13,309 13,366 12,578 12,050 13,698 Livestock do .. 152,781 152,161 153,803 153,424 152,032 148,525 148,768 171,311 170,312 Merchandise, I. c. I do.... 24,928 16,612 12,813 15,890 14,103 20,431 77,175 72,281 Ore do.... 253,587 252,904 258,317 257,135 247,878 218.422 220,210 326,078 324,123 Miscellaneous do 194 Receipts: 198 187 166 200 236 225 241 256 Cattle and calves ——..thousands242 256 250 258 235 254 269 169 191 Hogs. do 69 72 46 61 70 75 55 106 69 6,291 6,362 5,411 4,758 3,817 4,461 Cotton into sight thous. of bales.. 1,524 3,543 3,058 Wheat, at primary markets thous. of bu.. KTMO in«^r «*,&? a t 8 r t £ r w e S e i } d e d J u n < \ 3 i s ^ 2 ' 2 * * D a i l r average. »Data do not cover calendar weeks in all cases. it 5No longer strictly comparable; for an explanation, see the corresponding data on page 30 of the April 1939 issue of the Survey. 106,733 1,265 1,922 2,944 67.9 7.771 646,812 123,100 31,155 29,721 10,343 144,988 44,655 262,850 227 281 88 2,848 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 1938 Supplement to the Survey BUSINESS INDEXES Pages 6, 7, 8 Income payments: Adjusted index .... -.1929=100 Unadjusted index do Total_ —, mil. ofdol_ Compensation of employees: Adjusted index 1929=100.. Total . mil. ofdol.. Mfg., mining, and construction.,do Transportation and utilities do Trade and finance.. 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 Secur* ity Act ..mil. of dol.. Industrial production (F.H.): Combined index, unadjusted...1923-25*100.. Manufactures unadjusted do . . Minerals, unadjusted do Combined index, adjusted do._. Textiles - - - - - do 1939 April 1039 1938 April May June July Decem- January FebruOctober NovemAugust Septemary ber ber ber March 82.6 83.0 5,435 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 83.2 80.9 5,302 84.1 90.9 5,955 83.7 '84.3 ' 5,517 83.5 77.8 5,093 >84.1 '84.2 ' 5, 516 83.3 3,587 1,124 374 645 1,267 177 720 80.1 3,457 1,035 359 644 1,239 180 752 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 $2.5 3,570 1,102 374 632 1,265 197 692 83.1 3,675 1,137 386 641 •1,305 200 739 84.6 3,675 1,145 377 646 1,298 209 450 86.2 3,718 1,166 378 683 1,238 203 1,079 85.4 3,580 1,125 373 639 1,250 193 779 85.1 '3,575 1,146 '363 631 r 1,247 188 420 '84.8 ' 3, 619 '1,160 381 '637 '1,254 '187 735 990 94 995 '90 992 85 993 8$ 1,025 86 1,015 85 1,067 84 1,108 84 1,055 85 1,030 92 1,014 95 957 94 '1,004 08 44 40 47 49 48 52 45 37 36 39 45 '60 78 76 91 77 -- 7354 74 '100 77 75 60 7B -73 49 77 91 77 75 91 77 46 87 93 81 79 92 83 -,—8243 97 93 91 89 102 91 89 46 103 97 97 95 106 96 95 84 100 99 104 103 105 103 103 96 112 102 98 98 103 104 10409 117 109 99 93 105 101 100105 109 110 99 98 105 98 97 93 100 '*100 102 93 96 01 109 110 4,003 38,111 3,956 37,450 3,720 35,862 3,842 37,238 3,775 36,651 4,170 39,485 4,067 37,996 4,654 42,202 4,234 39,227 12,789 97,283 13,366 100,2.50 11,975 92,785 12,543 98,006 12,846 99,470 13,989 107,933 14,028 106,097 15,793 113,841 12,939 94,176 4,140 36,900 12,371 88,734 15,307 109,980 75.5 57.0 65.0 50.5 61.4 56.5 49.2 54.5 37.1 60.0 55.1 85.0 09.1 100.0 06.1 02.5 70.8 01.0 71.2 06.0 '106.9 '88.5 95.0 93.6 93.6 92.2 89.2 91.0 88.5 92.2 03.0 94.9 04.9 94.4 06.7 96.7 101.1 08.1 93.5 96.4 98.7 08.2 100.6 .99.5 P95 '96 »88 >92 — v92 87 P97 *94 DOMESTIC TRADE Pages 26, 27 Postal business: Money orders: Domestic, issued (50 cities): 4,368 4,m Number.. thousands.. Value thous. ofdol,. 38,119 40,039 Domestic, paid (50 cities): 13,312 Number.. thousands.. 13,164 Value tbous. of dol.. 95,899 100,887 Retail trade: Value of automobiles: New passenger automobile sales: 80.5 106.2 Unadjusted 1929-31=100. 60.0 79.5 Adjusted— - .~...— -do Chain-store sales:. Grocery chain-store sales: 94.4 Unadiusted « do—. p 102.0 91.7 »99.0 Adiusted do__. ^ 55 87 85 97 88 > 87- - — 45 110 95 - - 100 110 4,662 41,891 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. Nondurable goods do Factory, adjusted (Federal Reserve)t-do... Nondurable goods do... Nonmanufacturing, unadjusted (U. S. Department of Labor): Mining: Anthracite 1929=100. 91.3 84.1 98.0 90.9 83 2 98.2 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 90.5 82.1 BS.4 90.0 81.3 98.3 91.2 83.1 98.8 91.6 83.2 99.5 89.5 81.6 97.1 91.7 83.6 r 99.5 90.7 82.6 98.4 91.3 83.4 98.7 '91.4 '83.5 98.9 91.0 '83.0 98.6 53.2 26 5 61 9 66.0 42.7 57.0 85.8 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 83.4 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 '62.6 67.0 38.3 52.2 '88.6 '60.9 '66.4 '37.9 51.7 '87.5 '61.0 66.1 '40.1 Petroleum, crude, producing do— Quarrying and nonmetallic do.— Public utilities: +.irt -iA.. Electric Jight .and pow.er,-and manufacs. 89.6 89.6 90.0 01.4 91.9 92.2 turcdgas . . . _ „ . . 1929=100, 92.7 92.5 92.5 91.7 92.3 90 3 91.ft '69.5 69.3 69.2 69.4 69.5 69.3 69.5 70.4 70.1 69.9 Electric railroads, etc.do— 71.1 70.6 69.4 '73.5 73.3 74.1 74.3 74.4 74.9 74.8 74.7 74.8 Telephone and telegraph do... 74.9 75.0 74.8 73.8 Trade: '83.6 '81.5 82.2 98.1 86.9 85.9 83.6 Retail, total do._. 84.7 80.0 88.2 85 3 83.8 81.1 '87.3 00.0 88.3 87.2 89.8 89.1 87.6 87.0 88.5 Wholesale do... 86.8 87.3 87.3 88.5 Pay rolls: Factory, unadjusted (U. S. Department of '86.0 '83.4 86.5 S4.1 76.9 Labor)t - 1923-25=100 'SS.S 83.8 81.0 72.9 70 8 74 a 70.6 85 0 '80.1 '76.6 80.4 78.3 '78.5 75.2 68.7 63.7 58.6 Durable goods do_. 61.7 64,2 80.1 65.6 '04.6 '91.0 93.4 90.6 93.4 94.9 84.1 80.9 Nondurable goods do... '93.3 91.7 82.6 84.7 90.5 Nonmanufacturing, unadjusted (U. S. Department of Labor): Mining: 34.2 38.0 Anthracite „ . . 1929=100 42.5 36.2 43.4 29 4 20.0 38 3 20 2 49 7 45.2 45 3 39.0 '78.1 78.2 80.9 rgl.2 81.4 64.2 Bituminous coal . ..do... 78.3 71.9 57.0 55.3 56.8 17.9 56.3 '53.6 55.3 54.1 52.3 49.2 46.1 43.7 38.0 53.3 46 1 5L2 53.' 53 6 Metalliferous . do... '61.5 '62.7 60.9 62.5 63.3 Petroleum, crude, producing do 63.7 66.5 66.7 67.6 60.2 66.8 68.0 66.7 33.1 '29.7 30.2 33.7 37.2 Quarrying and nonmetallic do... 38.4 39.2 39.2 37.0 37.3 35.7 38.3 33.9 Public utilties: Electric light and power, and manufac06.4 98.4 08.3 '96.8 95.9 08.2 tured gas 1929=100. OS. 6 03.9 98.6 97.4 09.9 97.0 97.6 '70.6 71.1 68.4 69.7 68.8 69.5 69.0 71.2 63.9 69.7 70.0 69.9 69.9 Electric railroads, etc do . 02.6 '92.2 02.0 95.3 90.9 92.5 93.0 91.3 91.6 90.9 91.3 90.5 Telephone and telegraph do... 91. Trade: 79.2 '68.4 69.7 71.5 69.4 '60.7 70.8 72.2 71.0 66.8 68.1 70.0 69.5 Retail, total do.. 75.5 75.4 75.7 75.1 74.3 73.6 74.6 V H. 8 75.1 74.6 73.7 73.8 74.6 Wholesale... do... ' Revised. * Preliminary, . tRevised 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 I, 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 the December 1938 Survey. Factory employment, adjusted (Federal Reserve), revised in its entirety; data not shown in table 76, p. 13, of the November 1038 Survey, and table 1, p. 15, of the December 1938 Survey are available upon request. MONTHLY BUSINESS 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 STATISTICS—Continued 193S 1939 April April May June July FOODSTUFFS AND TOBACCO Pages 102,116 Beverages: Fermented malt liquors: 4,164 4,561 5,387 6,204 3,985 Tax-paid withdrawals thous. of bbl._ 4,968 4,636 5,135 5,511 5,199 Production do 8,746 9,161 9,189 9,661 9,590 Stocks, end of month _ _____do Distilled spirits: 6,592 7,601 5,732 6,443 6,386 Tax-paid withdrawals-.thous. of proof gal.. 5,175 5,737 5,111 4,939 4,313 Whisky .do.-.. 9,658 10,876 10,116 5,692 6,857 Production, total _ do 7,653 8,244 Whisky.... do.... 8,443 3,915 4,721 519,158 495,992 498,067 497,527 496,903 Stocks, total, end of month do 477,135 470,446 472,162 471,160 470, 401 Whisky -do Tobacco: Manufactured products: Consumption (tax-paid withdrawals): 14,717 13,784 Small cigarettes .millions.. 12,269 12,527 14,324 Large cigars thousands,. 403,042 384.918 417,144 477,443 420, 510 Manufactured tobacco and snuff 30,180 27,544 thous. of Ib._ 25,628 27,509 28,921 METALS AND MANUFACTURES Pages 131,134, 135, 136 Pig iron and iron manufactures: Castings, malleable: Orders, new .short tons.. 29,183 19,724 17,564 18,143 16,905 31,640 18,680 17,097 Production.. do 18,077 16,630 22.7 38.8 Percent of capacity 20.8 21.7 20.2 Shipments short tons.. 33,666 23,045 20,560 21,673 17,500 Steel, manufactured products: Boilers, steel, new orders: 765 547 734 475 Area .thous. of sq. ft.. 585 834 700 Quantity ..number.. 8S8 Furniture, steel: Office furniture: Orders: 1,444 1,619 1,689 1,290 New — thous. of dol.. 1/554 952 976 Unfilled, end of month do— 1,128 974 1,202 1,707 1,426 Shipments do— 1,591 1,293 1,480 Shelving: OrdersNew. do 292 305 321 Unfilled, end of month do 321 346 327 227 302 330 Shipments do 353 247 Nonferrous metals and products: Babbit metal (white-base antifriction bearing metals): . Consumption and shipments, total 1,380 thous. of lb.. 1,225 1,106 1,234 1,305 338 Consumed in own plants do— 329 345 468 370 1,042 Shipments do 776 837 SSI PAPER AND PRINTING Page 146 Paper: Newsprint: Consumption by publishers short tons.. 179,542 173,638 176,600 Stock", end of month:t At publishers d o — 206,680 378,217 342,015 In transit to publishers - — d o — 37,253 29,206 34,912 STONE, CLAT, AND GLASS PRODUCTS] Page 152 Glass containers: Production.. thous. of gross,. Percent of capacity Shipments thous. of gross.. Stocks, end of month do Plate glass, polished, production thous. of sq. ft-_ 159,199 151,875 August 5,748 5,337 8,540 1939 Se p t em h fi r " 4,428 4,313 8,242 October 4,134 3,595 7,670 ber 3,774 3,731 r,367 ber 3,537 7,081 January 3,642 7,467 March 3,031 3,482 7,774 3,816 4,489 8,265 7,491 9,724 10,203 11,745 5,672 6,246 7,693 9,571 8,173 5,837 4,226 5,008 6,095 9,294 18,923 22,147 16,956 11,829 8,119 10, 562 10,780 . 4,217 4,997 9,193 496,012 495,163 495,003 501,207 505,670 510,194 469,451 468,480 466,376 466,176 466,809 470,251 6,091 8,669 5,003 6,794 10,702 13,019 8,735 9,984 513,454 516,755 472,483 472,143 15,892 14,711 13,264 13,506 12,656 13,863 477,596 486,482 525,662 515,859 333,982 349,497 11,782 14,244 361,233 437,584 30,473 30,677 27,869 30,940 27,126 26,914 25,425 29.694 25,752 25,799 31.3 21,102 29,061 29,460 34.8 26,941 32,770 29.970 36.4 28,717 36,643 35,351 43.0 35,563 35,633 38,802 46.0 36,434 38,105 35,372 43.5 36,403 33,234 34,786 42.9 34,698 35,997 39,615 47.5 39,807 783 1,063 579 1,124 717 1,125 635 947 892 1,012 r 1,131 ' 1, 264 817 892 ••617 '660 1,538 1,063 1,677 1,630 1,026 1,667 1,650 958 1,718 1,813 1,064 1,707 1,852 977 1,982 1,966 1,132 1,813 1,782 1,140 1,775 1,798 ],052 1,886 292 378 411 386 317 318 362 342 335 255 442 315 205 357 368 253 318 292 349 499 317 474 1,538 508 1,030 1,474 453 1,021 1,366 509 857 1,596 597 999 1,606 648 058 '1,725 644 '1,080 '1,460 359 ' 1,101 '1,783 631 '1,252 151,324 162,457 187,450 176,322 177,134 160,916 153,346 174,096 288,408 291,477 284,661 47,570 44,628 30,677 267,165 36,872 251,041 '223,469 13,449 32,580 324, Oi'8 316,635 314,586 303,067 24,624 26,262 34,696 32,653 4,071 65.4 3,978 3,647 61.0 3,645 9,215 3,837 66.8 3,902 9,088 3,583 60.0 3,858 8,750 3,506 61.0 3,847 8,354 4,031 65.0 4,178 8,149 3,653 63.6 3,971 7,641 7,268 3,820 3,866 5,956 6,506 7,676 8,873 19,667 8,159 12,623 3,329 12,944 3,036 15,467 3,313 22,746 4,996 23,136 6,025 19,619 6,386 1,338 62 198 52 123 876 64 94 m 1,174 68 106 1,499 80 143 ,.339 65,704 67,613 95 33,211 33,505 64 39,901 44718 57,438 55,663 119 74,710 69,644 145 66,022 62,851 117 3,866 64.7 3,954 7,493 3,709 64.6 3,491 7f643 3,515 58.8 3.042 8,029 55.8 3,473 8,179 3,323 8,192 4,129 61.4 3,933 8,318 12,883 12,691 12,209 10,165 11,867 24,619 8,660 23,612 7,716 9,501 26,941 9,784 22,449 8,776 21,110 9,856 1,335 86 167 1,529 89 171 1,759 81 177 1,924 79 186 1,942 78 209 1,680 75 213 66,840 70,205 120 71,110 85,954 146 73,277 97,019 149 74,480 87,770 129 73,130 82,226 137 60,041 TEXTILE PRODUCTS Page 157 Wool: 1 Consumption (scoured basis): Apparel class ,thous. of lb.. Carpet class... do Operations -machinery activity (weekly averages): Looms: Woolen and worsted: Broad thous. of active hours.. Narrow do Carpet and rug do Spinning spindles: Woolen do Worsted. do Worsted combs do 95 48,020 66,134 101 164 77,747 124 ' Revised. t Revised series. Stocks of newsprint revised for 1937and 1938. Revisions not shown on p. 52 of the April 1939 Survey will appear in a subsequent issue. t Data for April, July, October, and December 1938 and January and April 1939 are for 5 weeks; other months, 4 weeks. NOTE.—The data In the above tables present, in advance of the monthly Survey of Current Business, such Items as were received during the week ended Saturday, May 27. 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 tobies covering the respective items in the 1938 Supplement to the Surrey 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 66 pages each and the 62 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. . 6 » » * *~w *v U. t . COVERNMEMT NtlMTtMft o m C E i l » » »
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