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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C., MAY 18, 1939
SUMMARY OF BUSINESS TRENDS
"DESUMPTION
of mining in the major bituminous coal fields
-*-1- this week is expected to be followed by active operations.
Mines in some fields are still closed, but the agreements reached
have eliminated an important element of uncertainty. Reports
from large cities indicate a sizable rise in retail trade last week.
Generally, consumer purchasing was well maintained during
April and the early part of May despite unsettling developments.
Industrial activity during the first half of May was below the
April level partly by reason of the low volume of coal output.
The most recent reports from the durable-goods industries show
divergent trends with the declines in the steel and automobile
industries moving counter to developments in some other lines.
Automobile production has passed the seasonal peak and assemblies so far in May have approximated 72,000 units weekly as
compared with average assemblies of 88,000 units during April.
New orders for machine tools declined in April following the sharp
rise in March. The accompanying chart indicates the extent of
improvement in this industry during the past year; the manufacturers have a substantial backlog of orders.
Total construction contracts in April were up about seasonally
from March mainly as a result of a substantial rise in public
projects; awards were almost half again as large as a year ago,
according to the F. W. Dodge reports for 37 Eastern States.
Residential activity continued in good volume though awards
for apartment buildings were below the high March total; contracts for single-family dwellings recorded a sizable gain from
March. Awards for private construction, other than residential,
over the past few months have been moderately higher than a
year ago. However, this type of construction, in contrast to
residential building, has continued sharply below the volume in
the early months of 1937.
Recent reports from the cotton textile industry have indicated
some slackening in activity. Prices of the raw fiber have advanced
moderately over the past few weeks but print cloth quotations
have been steady. Final computations of mill consumption of
raw cotton during April reveal a decline from March, apparently
resulting from curtailment in the latter part of the month.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
SPOT COMMODITY PRICES
ELECTRIC POWER PRODUCTION
(PERCENT OF CAPACITY)
(MOOOI^S I N D E X - OEC. 3 1 , 1 9 5 1 - 1 0 0 )
(BILLIONS OF KILOWATT HOURS)
225
200
m
2.2
175
\
150
125
BITUMINOUS COAL PRODUCTION
(MILLIONS OF SHORT
CONSTRUCTION CONTRACTS - EW. DODGE
PRICES OF 3 5 0 INDUSTRIAL STOCKS
(DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS)
TONS)
(INDEX.
1 9 2 6 - 100)
60
WZDKSMY CLOS£
140
20
\
V 1939 -v
100
/
80
1
I
60 u » , 1 . • I
.
YIELDS OF 120 CORPORATE BONDS
AUTOMOBILE PRODUCTION
(THOUSANDS OF VEHICLES)
DEPARTMENT STORE SALES
(THOUSANDS OF B A L E S )
95
90
—
^
*
300
700
250
600
\
500
80
400
75
(1926 SHIPMtNTs- 100)
800
85
70
\
\
r "A
A
1937
147957—39
,,,,,,
1938
t
, ! , , 1 , , 1 , ,
1939
200
1937
zoo
150
100
300
^I.,JI.U,I
MACHINE TOOL ORDERS
COTTON CONSUMPTION
(SEASONALLY ADJUSTED- I 9 Z 3 - Z 5 - I 0 Q )
x
1
(PERCENT)
100
/
V
®$ \
r^J
"V
,
1938
itlril
1939
50
0
1937
1938
1939
39
"
WEEKLY BUSINESS INDICATORS
[Weekly average 1923-25 * 100]
1038
1039
ITEM
May May May
M a y M a y Apr.
13
"
Business activity:!
New York Times§c?
Barren's <f
Business Week
1939
1037
May May
13
May
Finance—Continued.
Banking:
Debits, outside N . Y. C4-_._
Federal Eeserve reporting
member banks:
Loans, total
Interest rates:
Call loans!
_
—
T i m e loanst—
Currency in circulation!
Production:,
Automobiles
_
Bitumino'is coal!
Cotton consumption!Electric powerf
Lumber
_
Petroleum!..
Steel ingots©
Receipts, primary markets:
Cattle and calves
Hogs
_
Cotton
Wheat
86.3 86.7 86.2 86.0 76.3 76.3 108.8 108. 2
79.0 83.4 81.6 79.2 68.6 69.0 111.3 109.6
91.8 94.5 94.3 93.5 76.0 75.7 121.3 120.2
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (813) ~ .
F a r m products (67)
Food (122).„
All other (624)
Fisher's index, 1926~100:
Combined index (120)
Copper, electrolytic*
Cotton, middling, spot
76.1
63.6
68.3
80.9
76.1
63.9
68.6
80.8
76.0
63.9
68.7
80.7
75.8
63.8
68.2
80.5
77.8
67.4
71.5
81.9
77.9
67.4
71.4
82.0
86.9
89-3
84.2
86.3
87.3
91.0
84.7
86.3
79
,
,
79.9 80.1 80.3 79.8 80.8 80.5 92.7
71.7 72.5 71.7 74.6 7a 1 71.0 71. 0 100.0 100.0
34.2 33.8 32.7 32.0 32.4 32.0 48.6
88.1
Construction contracts!
61.1
Distribution: Carloadings
96.0
Employment: Detroit, factory,..
Finance:
67.8 59.2 67.1
Failures, commercial—65.5 66.2 66.6
Bond yields!
96.6 96.0 94,3
Stock prices!
50.6
69.0 78.8 52.1
58.3 57.1 56.6 55.9 80.3 79.6
130.6
96.3 65.1
65.8 65.1 63.1 59.5 48.2 46.7
66.7 67.2 73.3 75.4 67.6
92.4 85.7 82.4 131.6 134.9
•Data do not cover calendar weeks In all cases.
{Computed normal*-100.
^Seasonally adjusted.
®Index for week ended May 20 is 78.0.
1937
1933
May May May M a y
95.0 104.1
82.5 96.2 99.1 88.2 79.2 76.8 88.5
64.7
64.8 65.0 65.0
64.6
76.3
67.6 68.1 76.3
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
142.4 142.6 141.8 141.5 141.2 132.0 132.1 132.2 132. 6
70.0
45.7
83.6
116-4
38.3
162.4
61.8
182.8
70.7
139.2
131.7
62.1
170.5
149.8
185.2
68.3
138. 2
130.6
56.6
107.
149-5
63.4 52.7 56.0 64.1 63.2
61.
34.5 37.4 39.
38.5 39.8
31.5 24.6 24.6
26.5 17.7 26.9
68.0 59.8 56.1 48.0 50.6 40.0 47.4
72.1
30.5
26.2
20.0
81.2
36.1
25.4
25.6
94.9 93.6 113.6 118.3 115.4
27.1 35 5 28.1 20.7
105.6 112.1 111.6
129.9 131.0 132.0 130.3
49.
48.9 4C.7 45.3
171.9 171.3 169.3 167.8
80.7 82.1 83.5 87.4 89.5
64.8
50.6
79.0
118.1
1.1
161.4
51.
{Daily average.
fWeekly average, 1928-30^100.
cf For description of these indexes, see p. 4 of the Dec. 16,1937 issue.
WEEKLY BUSINESS STATISTICS
1939
1933
1937
1936
ITEM
May 13
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, N e w York %.
dol. per lb__
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 d o l 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!
percent..
Interest rates, time loans!
do
Exchange rates:
French franc!
cents..
Pound sterling!
_
dollars—
Failures, commercial
number
Currency in circulation!..
mil. of dol
Security markets:
Bond sales (JV. Y. S. E.)
thous. of dol. par value..
Bond yieMs (Moodfs) (120bonds)!
percentStock sales (AT. Y. S. E.)
thous. of sharesStock prices (2V. Y. Times)X
dol. per share..
Stock prices (Standard biatistht)
Industrials (350)
Public utilities (40)
Railroads (30)
(420)
1926«100._
do
dodo.
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles
numberBituminous coal!
thous. of short tons.
Electric power
mil. of kw.-hr—
Petroleum!
thous. of bbl
Steel ingots®
pet. of capacity..
Construction-contract awards!
thous. of dol Distribution:
Freight car loadings, total
cars..
Coal and coke
do
Forest products
dollGrains and grain products
"do"
Livestock
do
Merchandise, 1. c. 1
do
Ore
Miscellaneous
Receipts:
Cattle and calves
Hogs
Cotton into sight
wneat. at primary markets
Apr. 29
Apr. 22
Apr. 15
Apr. 8
May 14
May 7
May 15
May 8
0.100
.093
2.27
36.21
.75
0.099
.092
2.27
36.26
.71
0.103
.089
2.28
36.29
0.105
.087
2.28
36.32
0.108
.087
2,27
36.40
0.098
.088
2.34
38.52
.82
0.098
.087
2.36
38.52
.81
0.138
.132
2.84
40.05
1.30
0.138
.136
2.82
40.14
1.3fi
0.093
.117
2.54
32.94
2,930
3,830
4,136
4,465
2,831
3,832
3,270
4,091
2,714
3,672
3,641
4,536
3,064
3,566
3,801
4,105
3,550
4,403
4,289
4,830
3,515
3,804
2,575
2,564
9,907
4,186
2,572
2,564
9,872
4,084
2,580
2,564
2,591
2,564
9,743
2,584
2,564
9,318
3,708
2,589
2,564
7,560
2,483
2,589
2,564
7,504
2,442
2,576
2,526
6,943
2,577
2,526
4,124
2,584
2,ofi4
9,528
3,879
887
2,469
2,430
5,611
2,774
16,719
5,249
13,634
8,334
16,660
5,248
13,714
8,341
16,742
5,235
13,675
8,270
16,619
5,213
13,684
8,273
16,388
5,212
13,571
8,213
' 16,072
5,215
13,470
8,145
14,598
5.207
12,350
8,017
14,450
5,226
12.325
8,001
15,376
5,201
12,665
8,323
15,349
5,1,49
12,707
8,334
14,272
5,056
13,462
8,872
2,010
8,086
3,852
1.00
1.25
2,026
8,071
8,100
2,030
8,124
2.038
8,120
2,035
8,164
1,344
8,451
1,322
8,517
1,164
9,540
1,165
9,533
1,289
8,358
3,841
1.00
1.25
3,844
1.00
1.25
3,858
1.00
1.25
3,852
1.00
1.25
3,838
1.00
1.25
4,110
1.00
1.25
4,126
1.00
1.25
1.00
1.25
1.00
1.25
1.00
1.25
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
2.647
4.6S0
265
6,856
2.648
4.681
245
6,865
2.832
4.974
257
6,411
2.903
4.988
242
6,416
4.481
4.940
196
6,420
4.491
4.936
190
6,438
6.594
4.966
217
5,911
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
?0.5
24.1
24,880
3.85
2,467
91.16
80.0
93.6
78.9
23.7
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
37,010
4.23
4,475
83.22
76.6
90.3
72.7
23.2
29,070
4.35
3,643
79.99
73.3
87.2
67.0
21.4
47,060
3.90
5,546
127.77
116.6
136.9
94.2
57.7
49,500
3.92
4,137
131.04
119.2
139.8
97.8
58.2
43,870
3.97
4,611
118.36
100.7
116.2
93.2
44.6
72,375
71,420
461
2,164
3,581
47.8
86,640
605
2,183
3,668
48.6
14,147
90,280
479
2,] 99
3,527
50.9
11,073
88,050
353
2,171
3,495
52,1
12,659
87,019
323
2,174
3,444
54.7
49,415
862
1,968
3,362
30.4
8,365
63,385
779
1,939
3,382
30.7
139,607
1,204
2,195
3,552
91.2
8,132
141,275
1,164
2,176
3,489
91.0
116,855
1,128
1,962
3,008
69.1
8,046
572,857
66,104
30,127
34,019
13,875
153,803
16,612
258,317
686,015
80,998
29,231
35,231
14,106
153,424
15,890
257,135
558,706
73,459
28,456
30,759
13,309
152,032
12,813
247,878
647,816
28,024
30,932
12,483
154,129
11,259
250,101
535,470
52,475
26,866
30,218
10,528
157,755
8,657
248,971
641,813
85,477
26,341
32,226
12,165
148,848
12,971
223,785
536,149
81,086
25,809
32,649
13,060
150,750
7,884
225,011
769,660
126,362
39,287
26,476
12,545
170,215
: 71,095
323,580
763,495
122,287
37,146
27,093
13,938
173,377
72,014
317,640
681,408
114,676
33,126
30,558
11,672
162,269
46,559
194
2.50
46
4,758
200
258
70
4,461
166
235
61
3,817
177
224
82
4,022
167
192
76
3,197
243
64
3,183
200
255
64
3,768
198
68
1,596
257
234
66
2,040
186
249
100
2,209
47.'6'
do
69
6,411
*xr i
®R?,teforweekendedMay201s45.4.
!Daily average.
*Data do not cover calendar weeks in all cases.
$No longer strictly comparable; for an explanation, »ee the corresponding data on page 30 of the April 1939 issue of the Survey.
May 16
0.099
.094
2.28
35.72
.75
do
thousands
do
thous. of bales..
thous. of bu..
May 6
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1937, to*
gether with explanatory notes and references
to the sources of the data, may be found in the
1938 Supplement to the Survey
COMMODITY PBICES
Page 12
Retail prices:
Fairchild's Index:
Combined index...
Dec. 31,1930= '100Apparel:
_ifants
__do_.
Inf
'
ants'
Men'sdo..
Women's
_
do..
Home furnishings
_do_.
Piece goods
_do_
DOMESTIC TRADE
Pages 26, 27, 28, 29, 30
Advertising:
Newspaper advertising:
Lineage, total (52 cities)
thous. of linesClassified
do
Display, total
do.
Automotive
do
Financial
do.
General
do.
Retail
..._....-____...do.
Postal business:
Receipts, postal:
50 selected cities
thous. of dol__
50 industrial cities
do
Retail trade:
Chain-store sales:
Chain Store Age index:
Combined index (20 chains)
av. same month 1929-31=100.
Apparel chains
do
Variety-store sales:
Combined sales of 7 chains:
Unadjusted
1929-31=100..
Adjusted
do....
H. L. Green Co., Inc.:
Sales
thous. of doL
Stores operated
number.
S. S. Kresge Co.:
Sales
thous. of dol.
Stores operated
number.
S. H. Kress & Co.:
Sales
thous. of dol_.
Stores operated...
number..
McCrory Stores Corp.:
Sales
thous. of dol__
Stores operated
number.*
G. C. Murphy Co.:
Sales
thous. of doL.
Stores operated
number..
F. W. Woolworth Co.:
Sales
thous. of doL.
Stores operated
number..
Other chains:
W. T. Grant & Co.:
Sales
thous. of dol..
Stores operated
...
number..
J. C. Penny Co.:
Sales
thous. of dol_.
Stores operated
number..
Department stores;
Sales, total U. S., unadjusted.. 1923-25=100.
Atlanta
do...,
Boston
do
Chicago
do—
-Cleveland
.— ......_•...-.... .do
Dallas
_
do....
Kansas City
1925=100..
Minneapolis
1929-31=100..
New York
1923-25=100..
Philadelphia
do....
Richmond
..do
St. Louis
do
San Francisco
do
Sales, total U. S., adjusted
do....
Atlanta
—
do
Chicago
do
Cleveland.............. . . . . . . . . . d o . . . .
Dallas
do
Minneapolis
1929-31=100.,
New York
1923-25=100..
Philadelphia.
do....
St. Louis
do
San Francisco
do
Mail-order and store sales:
Montgomery Ward & Co
thous. of dol..
Sears, Roebuck & Co
do—.
Rural sales of general merchandise:
Total, U. S., unadjusted
1929-31** 100..
Total, U. S.f adjusted-.
^..do....
1939
April
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
anuary
February
March
89.1
89.1
96.2
88.5
88.9
90.5
84.3
96.2
88.4
88.8
90.5
84.3
89.0
88.9
88.9
96.4
88.7
89.4
90.9
84.5
96.4
88.7
89.2
90.4
84.4
96.3
88.7
89.0
90.4
84.3
96.3
88.7
83,653
20,301
63,352
3,031
1,869
13,028
45,424
86,102 103,8fi9 113,558 113,457 118,096
21,376 22,411 20,233 20,372
65,293 82,493 91,147 93,314 97,723
3,581
4,932
2,623
6,608
2,366
1,574
1,732
1,201
1,449
1,209
12,175 15,888 18,411 18,749 14,028
49,295 63,031 C6,073 66,509 78,540
87,418
19,556
67,861
2,446
2,301
12,771
50,343
86,651 111,815
18,318 22,147
68,333 89,668
3,458
4,768
1,403
1,695
14,024 17,414
49,448 65,792
89.1
90.2
89.5
19.2
89.0
89.0
96.0
88.4
88.8
90.5
84.1
97.1
89.9
90.8
93.5
85.4
97.0
89.6
89.9
92.7
84.9
96.9
89.4
91.9
84.9
96.8
88.9
89.0
91.5
84,8
96.6
89.0
89.4
91.3
84.5
109,917 109,906
22,646 22,695
87,271 87,211
4,347
5,676
1,459
1,396
17,505 18,310
63,960 61,830
98,519
21,331
77,188
4,340
1,556
16,253
55,039
111, 160
22,824
88,335
6,055
2,105
17,655
62,520
1939
1938
96.5
88.7
9L1
84.5
90.5
84.3
29,830
3,618
'29,563
3,641
28,247
3,485
28,007
3,500
24,602
3,303
26,609
3,446
29,517
3,472
30,850
3,728
31,426
3,5fi8
42,470
5,154
28,537
3,667
27,710
3,493
33,478
3,979
110.0
117.6
1C5.0
112.8
103.3
109.4
106.3
109.7
108.1
120.0
106.0
116.0
109.4
122.0
108.0
120.0
109.5
121.2
112.9
127.0
107.5
118.0
108.8
112.7
109.8
130.0
96.5
96.0
95.2
92.9
90.7
90.7
90.9
95.7
88.0
98.9
85.2
96.3
94.1
98.5
98.2
96.7
102.2
100.2
193.6
104.9
73.6
98.7
79.7
95.5
'85.0
'98.8
2,869
133
2,787
133
2,383
133
2,496
133
2,366
133
2,315
133
2,513
132
2,833
132
2,819
133
5,952
133
1,998
133
132
2,442
133
11,940
683
11,965
681
10,253
681
10,643
680
10,004
681
10,179
682
11,125
685
12,353
685
9,058
681
10,606
683
6,671
236
6,507
239
6,235
239
5,822
239
6,179
238
6,827
238
5,055
238
5,163
238
24,114
687
14,429
238
8,801
6,315
239
11,972
686
6,613
238
5,969
238
3,648
202
2,909
201
3,200
200
2,946
2,960
200
2,955
200
3,294
200
3,186
200
7,003
200
2,535
202
2,738
202
3,196
202
3,848
201
3,493
201
3,652
201
3,160
201
3,294
201
3,301
201
3,087
201
3,308
201
3,811
201
3,594
201
7,223
201
2,685
201
2,752
201
3,205
201
25,919
2,008
25,926
2,012
22,714
2,011
23,149
2,010
22,733
2,010
22,566
2,011
23,491
2,013
26,774
L2,017
25,295
2,018
50,379
2,017
19,653
2,014
20,686
2,011
23,104
2,012
8,376
489
8,061
481
7,214
480
7,608
483
6,971
484
7,653
484
8,970
487
17,996
491
5,531
5,748
489
7,164
489
21,231
1,544
20,375
1,527
18,853
1,528
20,322
1,531
18,25S
1,530
6,834
484
19,068
1,533
22,381
1,537
26,820
1,538
27,196
1,539
38,928
1,539
16,523
1,539
14,613
1,540
18,736
1,542
79
94
74
82
75
90
72
92
85
63
103
69
80
82
104
84
78
101
93
89
63
75
90
58
79
46
60
59
72
61
68
62
46
72
58
73
83
113
S3
78
103
96
88
65
85
89
65
100
55
72
65
83
74
81
64
48
81
63
86
83
128
87
78
10?
93
86
62
83
90
91
120
73
96
80
117
88
107
94
67
110
93
82
86
127
93
86
105
98
90
68
87
79
92
126
86
91
87
113
92
109
98
75
127
92
91
84
106
82
82
100
92
85
65
81
99
126
86
96
93
-118
89
96
106
82
118
95
102
89
111
105
96
89
68
82
96
156
203
138
157
152
182
151
147
164
127
209
143
162
89
119
94
93
105
97
92
70
87
95
91
64
69
67
- 87
67
75
68
49
77
69
77
88
115
61
82
91
80
107
67
80
79
103
79
85
81
61
99
77
87
78
106
79
74
103
82
84
61
77
90
87
94
101
54
67
71
89
64
63
71
52
75
68
78
86
115
84
87
105
86
86
68
79
94
41,595
51,236
37,063
44,857
36,150
43,463
35,745
43,820
29,675
36,316
32,R49
39,934
38,556
49,167
43,667
£3,345
42,295
51,215
57,085
68,622
24,769
33,551
24,964
34,901
35,730
40,768
120.2
125.2
107.9
112.3
103.5
110.1
106.2
112.4
84.8
110.2
98.2
114.2
121.1
122.4
140. n
115.5
147.2
119.7
183.6
129.3
91.3
110.0
100.1
110.6
115.0
123.7
S
P67
*> 103
P86
P114
110
78
87
89
100
84
97
88
66
110
85
90
83
105
82
79
»87
114
91
82
'116
68
92
82
'09
'87
97
80
'65
105
'82
84
8S
122
'98
'92
'116
'99
'91
'70
EMPLOYMENT CONDITIONS AND
WAGES
Page 38
Trade-union members employed:
All trades
percent of total.,
Building
do...
Metal
do—
Printing
»
do...
Allothcr
do...
On full time (all trades)
do...
* Bevised.
65
9 Preliminary.
86
68
82
88
91
67
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
1939 Supplement to the Surrey
1938
1939
1939
Septem- October Novem- Decem- January Febru- March
ber
ber
ary
ber
April
April
May
June
July
August
30,143
13,311
16,832
31,169
14,572
16,597
28,841
12,828
16,013
32,797
15,637
17,160
30,505
13,828
16,677
28,270
12,247
16,023
29,525
13,085
16,440
33,235
15,140
18,096
5,463
5,303
5,307
5,336
5,329
5,332
5,362
5,363
5,359
5,405
1,264
73
1,262
119
1,255
116
1,252
115
1,252
101
1,252
99
1,248
98
1,250
96
1,250
87
1,140
17,492
1,172
21,147
1,123
19,139
1,073
15,918
1,038
14,761
1,015
16,382
866
14,341
997
13,219
12,302
1,252
86
875
36,528
201,252
150,248
210,703
140,755
5,942
125,018
75,882
548
34,467
451,397
334,777
116,620
1,861
60
54,941
302
3,244
4,765
1,439
110,244 94,305 78,091 62,903
84,537 85,665 93,024 90,711
459
413
671
484
36,943 41,218 52,637 58,187
367,177 319,312 373,641 537,525
277,231 251,645 299,142 430,104
89,946 67,667 74,499 107,421
2,318
2,606 . 3,171 3,541
50
53
72
54
59,942 77,692 118,0S8 139,108
FINANCE
Pages 53, 56, 57, 58
Banking:
Bank debits, total (141 cities)
mil. of dol~
New York City
do.—
Outside New York City
do.—
Savings deposits:
Savings banks in New York State:
Amount due depositors
do
U. S. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do..Commercial failures:f
Grand total
.number..
Liabilities, grand total
thous. of dol._
FOODSTUFFS
Pages 106,108,110, 111, 112, 115
Stocks, cold storage, end of month:
70,861 ' 20,144 54,594 120,351 172,622
Butter, creamery
thous. of lbCheese (total)
_
do...
75,348
76,289 91,160 114.788 134,351
Eggs:
3,347
6,411
6,255
5,100
3,204
Case
thous. of cases..
Frozen
thous. of lb.. 88,778 115,874 "130,872 138,510 135,329
Fish, total (15th of month)
_
do.... 29,744
37,367 - 45,981 55,039 66,716
757
Total meats
mil. of lb-.
642
601
671
729
Beef and veal.
thous. of lb-. 36,749 40,145 33,601 33,730 35,925
Pork, total
—
d o — 655,224 622,454 574,097 543,770 502, G58
Fresh and cured
do—. 526,010 500,564 450,516 417,704 378,981
Lard
do_—. 129,214 121,890 123,681 126,066 123.677
Lamb and mutton
do
2,055
2,125
1,972
2,148
2,121
Miscellaneous meats
mil. of lb-.
62
63
61
62
64
Poultry
thous. of lb.
70,580
60,053 52,049 53,432 52,640
Livestock:
Cattle and calves:
Receipts, principal markets
thous. of animals..
1,467
1,502
1,681
1,630
1,605
Disposition:
Local slaughter
„
.
do.-..
869
1,021
952
920
995
Shipments, totaL.
do.—.
582
632
659
615
576
1
32,393 '27,581
14,533 12,380
17,860 '15,201
'34,486
16,274
18,211
5,417
5,431
5,478
1,259
1,263
78
1,266
78
1,263
19,122
12,788
1,123
17,915
194,285 159,254 128,872 111,354 ••92,780
132,326 127,440 120,174 106,411 '91,485
78,909
81,653
29,463 '39,966
12,425 f 18,879
21,087
17,039
136
50,345
'77, OSS
791
53,326
658,489
526,411
132,078
2,925
76
133,531
1,105
'165
' 44,476 60,465
••62,253 40,423
758
'784
'46,404 40,970
667,419 652.456
542,138 523,204
125,281 129,252
2,412
'2,773
63
'68
116,229 90,987
1,946
2,017
2,306
1,900
1,465
1,635
1,294
1,542
1,103
821
1,061
950
1,122
1,120
989
> 927
975
603
807
496
952
579
2,699
1,971
2,205
1,928
754
1,393
566
1,654
547
1,996
1,724
1,890
1,757
1,570
1,797
1,881
2,255
2,607
843
632
2,570
do, —.do..
do—
1,509
485
1,206
517
1,249
500
1,122
444
1,323.
465
1,397
479
1,660
587
1,903
691
1,848
726
1,993
1,933
1,333
543
2,409
1,929
1,964
2,664
2,986
2,805
1,945
1,552
1,746
1,546
1,766
do..
do..
METALS AND MANUFACTURES
Pages 131,133,140
Pig iron and iron manufactures:
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day..
Number
Production
thous. of long tons..
Steel, crude and semimanufactured:
Ingots, steel:
Production
thous. of long tons
Percent of capacity
Machinery and apparatus:
Machine tools, orders, new
av. mo. shipments 1926—100..
900
1,082
1,079
853
1,274
1,129
1,030
862
979
992
1,146
1,495
1,174
1,786
1,124
1,673
996
968
890
673
1,063
677
953
595
1,046
720
60,160
102
2,056
42,310
79
1,376
37,225
72
1,255
34,385
70
1,062
41,400
77
1,202
51,370
89
1,494
57,625
96
1,680
70,690
115
2,052
75,795
121
2,270
71,315
117
2,211
70,235
118
2,175
2,087
52
'1,919
'32
••1,801
'30
••1,633
'27
'1,974
35
' 2,537
Ml
'2,647
'44
' 3,106 ••3,558
••52
' 3,131
'53
155.6
90.3
66.7
70.2
120.9
117.4
.Receipts, principal markets
Disposition:
Local slaughter
Shipments, total
Sheep and lambs:
Receipts, principal markets
Disposition:
Local slaughter
Shipments, total
do—
,
118.1
112.2
534,037 542,778
465
3S9
11
11
431
14
146.5
74,285 '77,460
. 123
121
2,060 '2,395
54
150.8
167.1
185.4
TEXTILE PRODUCTS
Pages 154,158
Cotton:
Consumption
b a l e s . . 546,702
17*
Exports (excluding linters)5—thous. of b a l e s . .
13
Imports (excluding linters)§
do
Stocks, end of month:
14,261
Domestic, total
„
do
1,292
Mills
do.
12,968
Warehouses
do
Wool:
Receipts at Boston, total
thous. of lb._ 17,173
10,241
Domestic
do
6,932
Foreign.*..
>• . . . . . . .
.do..
413,169 426,149 443,043 443,453 561,406
196
193
201
176
377
25
20
18
15
19
12,187
1,700
10,487
11,633
1,581
10,052
11,138
1,412
9,726
10,908
1,263
9,646
10,878
1,053
9,326
14,121
1,107
13,013
16,820
1,507
15,313
17,292
1,714
15,578
14,821
14,090
730
40,900
40,198
702
44,939
44,181
308
65,322
64,582
740
44,506
42,069
2,437
16,047
10,021
6,026
22,222
18,487
3,735
24,341
21,239
3,103
565,307 591,991 562,293 649,237
330
264
361
280
10
11
8
12
17,028
1,697
15,331
13,678
9,009
4,670
16,409
1,627
14,782
15.628
1,559
14,069
14,905
1,416
13,489
15,539
5,374
10,164
11,820
6,660
5,160
13,608
5,939
rRe vised*
tRevised series. Data revised beginning June 1934; see table 3, pp. 17-18 of the December 1938 Survey.
§Data revised for 1937, see tables 19 and 20, pp. 34-15 of the April 1939 Survey.
NoTE.~-Tbe 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 13. 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 Surety of Current Bttsinest, 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 OFFICE. 19J»
@FedFRASER