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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C.t MAY 4, 1939 SUMMARY OF BUSINESS TRENDS reports for the final week of April do not indiI3 NDUSTRIAL cate much change from the situation prevailing in the first weeks of the month. The adjusted volume of industrial out- put for April averaged lower than in March mainly by reason of the decline in coal and steel ingot production. Ward's Automotive Reports, in commenting on the decline of almost 4,000 units in the weekly estimate of automobile assemblies, stated that the seasonal peak has apparently been passed. The daily rate of automobile assemblies in April, however, was about the same as in March. Early reports indicate that retail sales exceeded production for the domestic market with a consequent reduction in dealers' stocks of new cars. Bituminous coal production has moved somewhat higher as the mines not closed in the labor dispute have accelerated operations. Aggregate output of soft coal in April, approximated 10 to 11 million tons, according to preliminary estimates, as compared with 35 million tons in March. While production furnished less than half of bituminous coal consumption during April, the curtailment of supplies did not importantly affect manufacturing production. According to trade reports, the decline in steel ingot production reflected a falling off in new business. Security trading during the last 2 weeks of April was marked by a very slow turnover with prices moving narrowly at levels only slightly above the quotations in the early part of the month. Notwithstanding the continued unsettlement in the security markets several large corporate issues were floated successfully last month, including a large issue by a Canadian utility. Earnings reports now available for industrial corporations reveal sharply higher profits than in the first quarter of last year. Noteworthy were the reports from two leading automobile manufacturers whose earnings totaled 65 million dollars as compared with about 10 million dollars a year ago. Combined profits of 23 steel companies were 11 million dollars as compared with an aggregate deficit of more than 4 million dollars in the first quarter of last year. Petroleum companies, that have reported thus far, show smaller profits than last year when earnings of these companies, in contrast to the general trend, were at high levels. SELECTED BUSINESS INDICATORS ELECTRIC POWER PRODUCTION STEEL INGOT PRODUCTION SPOT COMMODITY PRICES (BILLIONS OF KILOWATT HOURS) (PERCENT OF CAPACITY) (M00DY/5 INDEX- DEC. 31. 1951 » IQO ) V BITUMINOUS COAL PRODUCTION (MILLIONS OF SHORT PRICES OF 350 INDUSTRIAL STOCKS CONSTRUCTION CONTRACTS-EW. DODGE TONS) (DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS) (INDEX, I9Z6* 100) / V>J9 y, 1 AUTOMOBILE PRODUCTION (THOUSANDS YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS OF VEHICLES) (THOUSANDS OF CARS) 4.6 4.4 600 I/939-^^^^ " * K A) 40 3.8 400 I n CRUDE OIL RUNS-TO-STILLS 400 3.6 34 350 J938 300 (j^/959 32 3.0 250 200 /537—^ 150 18 [ 144006—39 r i 1 5.6 , , I I i . MISCELLANEOUS CAR LOADINGS ( MILLIONS OF BARRELS -DAILY AVERAGE) 100 iv 4.2 500 25 (PERCENT) (THOUSANDS_OF CARS) -^~VV • 3.4U COMMERCIAL FAILURES (NUMBER) WEEKLY BUSINESS INDICATORS tWeekly average 1923-25=100] Business activity: New York T i m e s ^ - . Bamm'scP1Business Week Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined index (813) Farm products (67) Food (122) _._ All other (624) _. Fisher's index, 1926=100: Combined index (120) _ 71.7 Copper, electrolytic* Cotton, middling, spot 33.8 86.4 86.0 81.6 79.2 93.5 78.2 87.4 91.5 85.2 86.3 87.5 92.7 85.0 86.2 75.8 75.9 76.5 78.3 78.6 63.8 66.6 67.8 69.1 68.2 70.5 71.9 72.2 80.5 80.6 80.7 82.2 82.1 74.6 32.7 93.8 81.0 79.8 79.6 79.8 76.1 78.3 79.7 71.0 71.0 103.6 108.0 32.0 32.0 32.4 32.4 33.1 50.0 50.7 69.0 78.8 Construction contracts* 58.3 57.1 Distribution: Carloadings Employment: Detroit, factory... Finance: Failures, commercial 67.1 65.8 65.1 66.6 66.7 67.2 Bond yields*.92.4 94.3 Stock prices* Finance—Continued. Banking: Debits, outside N. Y. O4-— Federal Reserve reporting member banks: Loans, total Interest rates: Call loans* Time loans* Currency in circulation* Production: Automobiles Bituminous coal* Cotton consumption^.. Electric powerf Lumber Petroleum* Steel ingot© _ Receipts, primary markets: Cattle and calves Hogs _ Cotton _ _ Wheat 89.4 75.7 75.1 108.0 107.4 95.2 68.8 71.0 111.5 110.0 76.3 76.7 121.1 118.9 76.0 63.9 68.7 80.7 1937 Apr. Apr. Apr. Apr. Apr, Apr. Apr. May 23 29. 22 Apr. Apr. Apr. Apr. Apr, M a y Apr. 24 30 23 Apr. 29 1938 1939 1937 1938 1939 77.1 70.0 44.9 75.5 67.1 55.8 63.0 56.6 54.6 81.1 78.9 130.0 97.7 68.4 60.2 63.9 70.3 59.2 47.4 50.4 66.0 65.0 75.9 78.0 68.6 68.3 92.6 99.2 81.6 84.2 132.1 137.3 • Data do not cover calendar weeks in all cases. § Computed normal =100. 1 Seasonally adjusted. © Index for week ended May 6 is 82.1. 88.2 79.2 117.3 64.8 65.0 65.0 24.2 24.2 24.2 28.6 28.6 28.6 141.8 141.5 141.2 79.3 100.5 96.6 104.1 82.3 65.3 65.5 68.7 24.2 24.2 24.2 28.6 28.6 28.6 141.4 139.9 131.3 68.7 75.4 75.2 24.2 24.2 24.2 28.6 28.6 28.6 131.2 131.9 131.7 113.6 118.3115.4 114.1 112.7 66.5 75.2 197.2 194.1 28.2 20.7 19.0 78.9 50.4 49.4 67.7 ... 111. 6110.2 113.0 75.8 78.5 130.9 128.1 132.0 130.3 130.5 132.7 116.4 117.1 131.7 131.3 46.7 45.3 44.8 42.9 38.2 59.1_ 57.7 171.3 169.3 167.8 165.3 161.2 163.0 165.1167.9 167.8 83.5 87.4 94.0 96.4 54.0 54.7 lfiL 6 150.0 52.7 56.0 36.3 34.5 26.9 23.6 31.6 56.1 48.0 50.6 52.7 29.6 29.2 40.2 56.2 66.4 67.1 75.7 73.5. 35.8 35.5 35.2 42.6 30.4 31.5 34.6 50.4 37.7 37.9 40.1 38.5 28.3 21.0 * Daily average. t Weekly average, 1928-30=100. <? For description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS 1938 1939 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New 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 b u . . Banking: FINANCE Debits, New York City mil. of dol.. Debits, outside of 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. Governments. __---;___^__i.___'_:_M______inil. of dol.. Loans, total§_ _ do Commercial, industrial, and agricultural Ioans§ 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* mill, of dol.. Security markets: Bond sales (N. Y.8.E.) thous. of dol. par value.. Bond yields (Moody's) (120 bonds)* percent.. Stock sales fiV. K. S. E.)— thous. of shares.. Stock prices (N. Y> Times)t _dol.pershare_. Stock prices (Standard Statistics) (420) 1926=100.. Industrials (350) do. Public utilities (40) do., Railroads (30) do., PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles _ number.. Bituminous coal* thous. of short tons.. Electric power mills, of kw-hr.^ Petroleum* thous. of bbl Steel ingots® pet. of capacity.. Construction-contract awards* thous. of dol._ Distribution: Freight car loadings, total ...oars.. Coal and coke do Forest products _ do Grains and grain products Ido Livestock do Merchandise, 1. c. 1 ./_l "dol,." Ore.. do____ Miscellaneous do Receipts: Cattle and calves thousands.. Hogs _..do Cotton into sight thcus. of bales.. Wheat, at primary markets. thous. of b u . . Apr. 29 Apr. 22 Apr. 15 Mar. 25 Apr. 30 Apr. 23 0.099 .092 2.27 36.26 0.105 .087 2.28 36.32 .71 0.103 .089 2.28 36.29 .69 0.108 .087 2.27 36.40 0.110 .088 2.29 36.42 0.110 .089 2.31 36.42 .68 .088 2.36 38.54 .83 .090 2.37 38.58 .86 2,831 3,832 3,270 4,091 2,714 3,672 3,641 4,536 3,094 3,813 3,509 4,181 3,741 3,678 2,580 2,564 9,903 4,124 2,591 2,564 9,743 3,998 2,584 2,564 9,528 3,879 2,584 2,564 9,318 3,708 2,578 2,564 9,125 3,519 2,573 2,564 8,989 3,364 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 15,991 5,217 2,030 8,270 2,030 8,124 2,038 8,120 2,035 8,164 3,844 1.00 1.55 3,858 1.00 1.25 3,852 1.00 1.25 2.648 4.681 273 6,S85 2.648 4.680 268 6,871 24,190 3.84 2,858 91.57 81.0 94.fi 80.5 24.1 86,640 3f568 48.6 70 4,461 Apr. 8 Apr. 1 1937 May 1 Apr. 24 0.143 .136 40.25 1.34 0.149 .138 2.89 40.36 1.37 0.093 .116 2.60 33.00 1.01 3,127 3,885 3,578 4,481 3,835 4,828 3,803 3,941 2,586 2,564 7,661 2,579 2,583 2,564 7,547 2,492 2,571 2,526 6,934 1,643 2,523 2,487 6,877 1,587 2,472 2,430 5,506 2,686 8,096 15,976 5,212 13, 533 8,238 14,598 5,230 12,257 7,987 14,451 5,221 12,224 7,977 15,388 5,158 12,774 8,370 15,333 5,146 12,866 8,439 14,258 5,047 13,452 8,802 2,026 8,191 2,036 8,209 1,199 8,587 1,179 8,585 1,175 9,428 1,178 9,402 1,281 8,343 1.00 1.25 3,814 1.00 1.25 3,805 1.00 1.25 4,187 1.00 1.25 4,208 1.00 1.25 1.00 1.25 1.00 L25 .75 1.00 2.647 4.680 265 6,856 2.648 4.681 245 6,865 2.648 4.681 200 6,793 2.647 4.682 301 6,765 3.088 4.988 286 6.378 3.111 4.993 241 6,373 4.462 4.942 193 6,407 4.446 4.929 205 6,397 6.584 4.938 203 5,8S1 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 39,010 3.75 7,140 96.32 87.6 102.9 83.3 27.8 32,130 3.76 4,995 99.00 86.7 102.1 81.8 27.1 26,170 4.38 2,495 79.26 74.0 88.1 67.4 21.6 39,310 4.50 4,329 81.73 73.8 88.4 65.4 21.2 61,780 3.96 9.988 128.26 114.8 134.7 93.7 64,560 3.94 6,384 133.31 124.9 147.1 99.9 fi0.8 52,030 4,01 10,195 115.54 97.7 112.7 91.2 42.8 90,280 481 2,199 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 85,980 1,344 2,210 3,358 56.1 12,379 89,400 1,243 2,199 3,382 55.4 14,489 50,755 859 1,939 3.3S6 32.0 11,239 57,363 842 1,951 3,440 32.4 7,214 150,485 1,153 2,194 3,497 92.3 12,116 148,090 1,108 2,188 3,496 91.3 10,774 120,150 1,154 1,929 2,918 71.2 8,423 558,706 73,459 28,456 30,759 13,309 152,032 12,813 247,878 547,816 60,888 28,024 30,932 12,483 154,12S 11,259 250,101 535,470 52,475 26,866 30,218 10,528 157,755 8,657 248, £71 604,241 110,716 27,129 32,087 10,774 157,406 9,108 257,021 605,462 120,968 28,109 31,680 11,315 153,714 7,577 252,099 543,075 80,089 26,560 35,338 12,630 149, P52 1O,?2S 227,578 523,748 79,204 24,162 32,767 12,276 148,075 9,442 217,822 777,827 135,034 36,877 27,459 14,822 171,505 70,200 321,930 756,248 129,566 36,799 27,730 14,736 170,021 54,714 322,682 670,888 127,222 32,164 32,667 15,180 162t48t 17,580 283,594 166 235 61 3,817 177 224 82 4,022 167 192 76 3,197 178 232 79 3.017 199 235 97 3,380 210 264 82 3,188 212 231 90 3,066 239 228 131 2,251 232 277 98 1,670 228 270 57 2,218 •Data do not cover calendar weeks in all cases. *Daily average. ®Rate for week ended May 6 is 47.8. $No longer strictly comparable: for an explanation, see the corresponding data on page 30 of the April 1939 issue of the Survey. 1936 May 2 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 March DOMESTIC TRADE Postal business: Pages 26, 27 Money orders: Domestic, issued (50 cities): Number — _—. thousands.. 4,662 Value — --- - thous. of dol.. 41,891 Domestic, paid (50 cities): Number .. thousands.. 15,307 Value .. thous. ofdol _ 109,980 Eetail trade: Automobiles: New passenger automobile sales: 106.5 Unadjusted 1929-31=10089.0 Adjusted do Chain-store sales: Grocery chain-store sales: 100.5 Unadjusted do 99.5 Adjusted do___. EMPLOYMENT CONDITIONS AND WAGES Pages 36, 39, 42, 43, 44, 47 Employment: Factory, unadjusted, by cities and States: City: 90.5 New York __1925-27=100.. 91.1 Philadelphia 1923-25=100.. New York _-1925-27= 10082.7 Pennsylvania 1923-25=10076.7 Labor conditions: National Industrial Conference Board (25 industries): Average weekly hours per worker in factories hours36.9 Labor turn-over in mfg. establishments: Accession rate, -mo. rates per 100 employees3.34 Separation rate: Total. do___. 3.18 Discharge do .13 Layoff do 2.23 Quit do__.82 Pay rolls: Factory, unadjusted by cities and States: City: New York 1925-27=10086.9 Philadelpbia 1923-25=10091.0 State: New York 1925-27=10079.4 Pennsylvania .1923-25=100.. 77.6 National Industrial Conference Board (25 industries): Factory average weekly earnings...dollars26.25 Factory average hourly earnings do .715 CHEMICALS AND ALLIED PRODUCTS Chemicals: ^90,98 Alcohol, denatured: Consumption thous. of wine gal— 7,578 Production — do 7,616 Stocks, end of month — do 1,294 Alcohol, ethyl: Production tbous. of proof gal.. 17,423 Stocks, warehoused, end of month___do 27,741 Withdrawn for denaturing _do 13,202 Withdrawn, tax paid do 1,851 Vegetable oils and products: Oleomargarine: Consumption (tax-paid withdrawals) thous. of lb— 29,032 Price, wholesale, standard, uncolored (Chicago) __dol. per lb__ .140 Production _.thous. of lb__ 29,417 Paint sales: Paints, varnish, lacquer, and fillers: Total ...thous. of dol__ 31,555 Classified, total do 23,003 Industrial _ _do 9,626 Trade __do 13,377 Unclassified . do 8,551 FOODSTUFFS AND TOBACCO P a p e s 102 116 Beverages: ' Fermented mall liquors: Tax-paid withdrawals. thous. of bbl.. 3,816 Production do 4,489 Stocks, end of month do ___ 8,265 Distilled spirits: Tax paid withdrawals—thous. of proof gal.. 8,5C9 Whisky _ do.... 6,794 Production, total do 13,019 Whisky do—. 9,984 Stocks, total, end of month do 516,755 Whisky .do, 472,143 Tobacco: Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions,. 14,244 Large cigars _ thousands.. 437,584 Manufactured tobacco and snufT thous. of lb,_ 29,591 'Revised. 1939 1938 Decem- January FebruOctober NovemAugust September ary ber ber April May June July 4,515 42,566 4,168 40,039 4,002 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 4,140 36,900 14,697 111,332 13,312 100,887 12,789 97.2S3 13,366 100,250 11,975 92,785 12,543 98,006 12,846 99,470 13,939 107,933 14,028 106,097 15,793 113,841 12,939 94,176 12,371 88,734 76.0 61.0 80.5 60.0 75.5 57.0 65.0 50.5 61.4 56.5 49.2 54.5 37.1 60.0 55.1 85.0 99.1 100.0 96.1 92.5 '70.8 91.0 ••71.2 '96,0 95.6 94.7 94.4 91.7 95.0 93.6 93.6 92.2 89.2 91.0 88.5 92.2 93.0 94.9 94.9 94.4 96.7 96.7 101.1 98.1 '93.5 '96.4 '98.7 '98.2 83.0 90.3 81.8 87.2 74.6 80.0 73.1 80.7 81.7 82.9 87.7 84.4 88.3 86.1 86.1 88.1 86.9 90.9 85.4 89.6 89.1 "91.5 77.3 74.7 75.5 72.9 77.2 82.5 72.8 70.3 71.5 68.9 72.2 69.2 76.4 71.7 80.3 73.4 80.8 74.4 80.3 75.4 81.3 76.2 80.0 74.6 81.8 '76.5 33.3 32.9 32.7 33.1 33.8 35.2 36.2 36.7 36.9 36.6 36.6 36.8 3.13 2.58 2.84 3.44 4.81 5.29 4.51 5.19 4.24 3.22 4.09 3.06 4.46 .11 3.74 .61 4.54 .10 3.85 .59 4.57 .13 3.82 .62 4.41 .11 3.69 .61 3.81 .09 3.13 .59 3.08 .10 2.33 .65 3.56 .12 2.62 .82 3.30 .12 2.40 .78 3.14 .10 2.44 .60 3.88 .09 3.21 .58 3.19 .10 2.24 .85 2.61 .10 1.87 .64 77.4 84.3 70.6 68.5 74.3 79.3 68.5 76.1 66.6 74.7 66.7 76.1 75.5 79.3 80.6 83.8 76.0 84.5 79.0 89.6 77.6 '87.7 82.0 '90.2 67.4 65.7 64.2 64.8 63.5 62.1 64.8 61.3 69.8 66.9 83.6 82.7 75.3 68.9 75.0 72.3 72.9 73.3 75.8 75.6 74.4 '73.5 76.7 '76.5 23.63 .714 23.53 .717 23.38 .718 23.74 .719 23.93 .713 24.93 .711 25.73 .714 26.14 .714 26.32 .714 26.02 .713 25.95 .713 26.11 .713 6,168 6,207 1,213 6,364 6,287 1,127 6,072 6,092 1,137 7,812 7,869 1,192 6,725 6,711 1,170 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 18,329 '32,885 10,140 2,202 12,817 33,076 10,481 2,135 14,253 33,867 10,615 2,340 16,395 32,047 14,400 3,506 16,370 33,727 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 39,686 33,139 28,774 27,890 25,671 28,371 32,000 31,824 29,812 29,991 30,350 27,774 .145 40,974 .145 32,662 .138 28,516 .134 28,146 .145 25,512 .158 28,718 .155 32,387 .153 31,092 .150 30,221 .143 30,373 .140 30,319 .140 27,701 29,449 20,721 7,938 12,783 8,728 33,286 23,143 7,946 15,197 10,143 35,294 24,115 7,623 16,492 11,179 32,390 22,386 7,418 14,968 10,003 26,730 18,512 6,603 11,909 8,218 28,821 19,747 7,249 12,499 9,074 29,7P9 20,114 7,879 12,235 9,655 28,773 20,486 8,481 12,006 8,287 25,280 18,367 8,397 9,970 6,914 20,515 15,036 7,417 7,619 5,478 24,229 17,828 8,180 9,648 6,401 24,415 17,395 7,982 9,413 7,021 4,015 5,022 8,559 4,164 4,968 9,161 4,5fil 5,199 9,590 5,204 5,511 9,661 5,387 5,135 9,189 5,748 5,337 8,540 4,428 4,313 8,242 4,134 3,595 7,570 3,774 3,731 7,367 3,669 3,537 7,081 3,103 3,642 7,467 3,031 3,482 7,774 5,732 5,672 9,724 7,491 10,203 11,745 6,246 4,313 8,173 4,226 7,693 9,571 5,837 5,008 5,692 6.095 9,294 18,923 22,147 16,956 11,829 3,915 8,119 4,217 10,562 10,780 4,997 9,193 496,903 496,012 495,163 495,003 501,207 505,670 510,194 470,401 469,451 468,480 466,376 466,176 466,809 470,251 6,091 5,003 10,702 8,735 513,454 472,483 March 7,255 6,443 6,386 6,592 5,648 5,111 4,939 5,175 12,283 10,116 9,658 6,857 9, 88G 7,653 8,244 4,721 492,840 495,992 498,067 497,527 467,423 470,446 472,162 471,160 13,728 431,691 30,767 12, 527 14.324 384,918 417,144 27,509 28,921 14,717 13,784 477,443 420,510 15,892 477,596 14,711 486,482 27,544 30,473 30,577 30, ISO 13,264 13,506 12,656 13,863 525,662 515,859 333,982 349,497 27,869 30,940 27,126 26,914 11,782 361,233 25,425 MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1939 gether with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey March LUMBER AND MANUFACTURES Page 129 Furniture: Grand Rapids district: Orders: Canceled. percent of new orders. New... no. of days'productionUnfilled, end of month— ..do... Plant operations percent of normal. Shipments no. of days' production, METALS AND MANUFACTURES Pages 131,134,136 Pig iron and iron manufactures: Castings, malleable: Orders, new short tons. Production do... Percent of capacity Shipments short tons. Steel, manufactured products: Barrels and dmms, steel, heavy type: Orders, unfilled, end of month number. Production _ do— Percent of capacity.. _ __ Shipments numberStocks, end of month do Boilers, steel, new orders: Area thous. of sq. ft.. Quantity number.. Nonferrous metals and products: Babbit metal (white-base antifriction bearing metals): Consumption and shipments, total thous. of lb__ Consumed in own plants do Shipments do PAPER AND PRINTING P a g e 146 Paper: Newsprint: Consumption by publishers short tons.. Stocks, end of month: t At publishers do In transit to publishers do Paperboard: Consumption, waste paper do Orders, new —do Orders, unfilled, end of month do Production do. Percent of capacity Stocks of waste paper, end of month: At mills short tons,. 1938 March April May June July 1939 Decem- January FebruAugust SeptemOctober Novemary ber bre ber 5.0 14 16 53. C 15 8.0 13 17 49.0 14 8.0 10 15 43.0 11 12.0 12 16 41.0 10 5.0 11 16 43.0 10 5.0 21 26 46.0 12 3.5 21 27 50.0 16 4.0 20 23 55.0 IS 5.0 20 20 €0.0 16 6.0 19 18 61.0 15 7.0 12 13 62.0 13 4.0 19 21 58.0 12 5.0 14 19 53.0 13 35,997 39,615 47.5 39,807 20,556 21,902 26.0 22,962 19,724 18,680 22.7 23,045 17,564 17,097 20.8 20,560 18,143 18,077 21.7 21,673 16,905 16,630 20.2 17,500 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 34,698 351,203 498,917 448,567 399,085 448,176 361,750 378,675 445,310 374,154 248,376 519,375 438,746 421,037 709,252 773,570 678,191 696,264 696,528 629,448 766,374 783,592 841,653 788,040 830,979 749,070 552,189 44.4 43.3 47.8 43.3 41.9 47.6 39.1 48.7 49.0 52.3 51.7 35.0 47.5 710,228 771,313 680,180 696,738 685,453 622,155 771,283 759,188 865,572 799,678 822,746 746,510 556,069 29,610 28,770 25, 474 23,118 34,089 41,287 35,756 00,160 36,241 24,603 32,696 34,717 30,586 612 739 547 475 783 635 579 734 892 717 817 1,120 658 663 1,063 1,124 700 1,012 1,125 1,261 947 892 894 1,778 531 1,246 1,510 .. 390 1,120 1,225 345 881 1,305 468 837 174,971 173,638 176,600 159,199 151,875 223,485 405,4S1 32,580 32,238 378,217 342,015 324,098 29,206 34,912 24,624 316,635 26,262 174,096 1,234 370 1,106 329 776 2S2.474 243,571 224,715 210,117 429,545 317,472 302,921 281,401 124,420 74,137 75,296 76,701 421,576 318.552 303,073 286,574 73.4 59.8 58.7 57.4 248,595 333,218 1,474 453 1,021 1,366 509 857 151,324 162,457 187,450 314,586 34,696 303,067 288,408 32,653 47,570 1,538 508 1,030 218,652 221,218 264,418 298,845 322,948 361,323 76,693 93,637 96,635 2S6,900 306,343 358,977 55.0 59.7 67.3 1,596 597 648 958 1,714 644 1,070 1,449 359 1,090 176,322 177,134 160,916 153,346 291,477 44,628 284,661 30,677 267,375 36,872 251,071 13,449 254,024 267,193 243,924 367,200 370,453 327,168 109,288 107,235 89,586 351,051 370,977 344,445 72.4 68.5 66.3 221,768 334,711 94,411 329,181 60.1 233,311 247,710 342,408 338,030 109,099 112,801 323,394 338,803 61.2 67.8 319,816 318,698 312,684 300,917 296,070 284,239 275,746 274,951 290,648 282,095 262,344 RUBBER AND RUBBER PRODUCTS Page 149 Tires and tubes: Pneumatic casings:f Production _ Shipments, total Stocks, end of month Inner tubes:f Production Shipments, total Stocks, end of month thousands.. do do do do do 5,137 4,583 10,109 2,680 2,795 10,521 2,660 3,143 10,141 2,663 3,291 9,521 3,036 3,929 8,470 3,287 3,870 8,041 4,038 3,991 8,217 3,916 3,888 8,022 4,183 4,126 8,237 4,139 4,405 7,924 4,729 4,154 8,451 4,581 4,163 8,932 4,344 3,739 9,573 4,470 4,015 8,901 2,582 2,645 10,547 2,258 2,860 9,917 2,325 2,974 9,265 2,797 3,730 8,337 2,936 3,519 7,723 4,026 3,744 8,029 3,832 3,980 7,859 4,101 7,746 4,029 4,138 7,665 4,351 3,859 8,166 4,098 3,936 8,069 3,681 3,335 8,415 8,171 37.4 8,467 23,796 6,510 5,879 26.9 7,259 22,979 6,623 7,983 37.7 8,691 22,262 6,497 10,361 47.4 9,752 22,875 6,326 10,535 49.8 10,943 22,467 6,218 10,968 50.2 10,164 23,286 6,089 11,007 50.4 11,823 22,534 5,902 10,559 49.9 11,716 21,374 5,506 11,556 52.9 12,357 20,569 4,927 10,184 48.2 8,573 22,179 4,963 4,129 61.4 3,933 8,318 3,637 58.6 3,616 9,265 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 64.7 3,954 7,493 3,709 64.6 3,491 7,643 3,515 58.8 3,042 8,029 3,589 55.8 3,473 8,179 3,389 55.7 3,323 8,192 11,867 3,802 3,820 5,956 5,506 7,676 8,873 12,869 12,883 12,691 12,209 10,165 21.110 9,856 10,412 4,328 12,623 3,329 12,944 3,036 15,467 3,313 22,746 4,996 23,136 6,025 19,619 6,386 24,619 8,660 23,512 7,716 29,688 9,501 25,941 9,784 22,449 8,776 1,5S0 75 213 945 79 128 52 123 876 64 94 1,099 54 95 1,174 58 106 1,499 80 143 1,339 77 164 1,335 86 167 1,529 89 171 1,759 81 177 1,924 79 186 1,942 78 209 60,041 77,747 124 41.824 29,763 56 33,211 33,505 64 39,901 45,718 84 48,020 55,134 101 57,438 55,653 119 74,710 69,644 145 66,022 62,851 117 66,840 70,205 120 71,110 85,954 146 73,277 97,019 149 73.480 87.770 129 73,130 82,226 137 STONE, CLAY, AND GLASS PRODUCTS Pages 150,152 Portland cement: Production thous. of bbl._ Percent of capacity... Shipments thous. of bbL. Stocks, finished, end of month do Stocks, clinker, end of month do Glass containers: Production thous. of grossPercent of capacity Shipments thous. of gross.. Stocks, end of month _ do Plate glass, polished, production thous. of sq. ft— 5,506 8,066 5,301 27.9 36.9 24.3 5,043 6,281 5,640 23,954 ' 23,611 ' 24,092 5,282 ••5,563 '5,986 TEXTILE PRODUCTS P Wooli . Consumption (scoured basis): Apparel class thous. of lb._ Carpet class do Operations, machinery activity (weekly average): Looms: Woolen and worsted: Broad thous. of active hours.. Narrow do Carpet and rug do Spinning spindles: Woolen do Worsted do Worsted eombs do * Revised. tRevised series. Data for pneumatic casinjrs and inner tubes revised for years 1936,1937, and 1938. Revisions not shown on p. 52 of the April 1939 Survey will appear in a subsequent issue. Stocks of newsprint revised for 1937 and 1938. Revisions not shown on p. 52 of the April 1939 Survey will appear in a subsequent issue. 1 Data for April, July, and October, 1938, and January 1939 are for 5 weeks; other months, 4 weeks.
@FedFRASER