Full text of Survey of Current Business : July 1939
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JULY 1939
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
VOLUME 19
NUMBER 7
DOMESTIC COMMERCE
Published on the 10th, 20th, and 30th of each month by the Division of Business Review, Bureau of Foreign and
Domestic Commerce, United States Department of Commerce
Provides a running record of new research and other current information in the field of business gathered from
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The type of material regularly supplied through this service is indicated by the following titles selected from
the Tables of Contents of recent issues:
1938 Retail Sales 12 Percent Below 1937.
Wholesale Druggists, Sales Down Almost 6 Percent
During 1938.
Summary of Findings From W. P. A. Report on Housing.
Hearings of Temporary National Economic Committee.
Wisconsin Individual Income Tax Statistics 1936.
1939—Television Year.
How State Laws Obstruct the Free Flow of Commerce.
Six Profit-Sharing Plans.
69.0 Percent of United States Rural Families Own
Radios.
Incomes From Independent Professional Practice.
Memorandum on "Big Business" by Committee on Corporations of Twentieth Century Fund.
January Income Payments to Individuals 50 Million
Dollars Over January 1938.
The Selection of a Business Site.
How Big Is Big Business?
Are Chains Driving Independents Out of Business?
Review of Fair Trade Acts.
Handicaps in Consumer Buying.
Harvard Study Shows Costs of Cooperative Food Stores
Same as Those of Private Business.
Packaging Is Merchandising.
Securities and Exchange Commission Begins Study of
Needs of Small Business.
Commerce Department Issues First Official estimates of
Income by States.
Food Institute Publishes Index to Operating Methods of
Voluntaries and Cooperatives.
Finance Companies Buy Three-fourths of All Cars.
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Number 7
Volume 19
UNITED STATES DEPARTMENT OF COMMERCE
HARRY L. HOPKINS,
Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
F. H. RAWLS, Acting
Director
SURVEY OF
CURRENT BUSINESS
JULY 19 3 9
A publication of the
DIVISION OF BUSINESS REVIEW
M. JOSEPH MEEHAN, Chief
TABLE OF CONTENTS
SUMMARIES
Business situation summarized.
Commodity prices
,
Employment
Finance
Foreign trade
Page
3
6
7
SPECIAL ARTICLE
Alcoholic beverage industry reestablished
CHARTS—Continued
Page
Figure 3.—Capital issues of domestic corporations—includes all
publicly announced issues. Monthly averages 1925-39
,
Figure 4.—Production, tax-paid withdrawals, and stocks of fermented malt liquors and whisky, fiscal years 1901-19, and calendar
years 1934-38
Figure 5.—Age distribution of stocks of distilled spirits, June 30,
1914, and 1933-38
Figure 6.—Whisky imports from the United Kingdom and Canada,
fiscal year 1913 and calendar years 1934-38
13
CHARTS
STATISTICAL DATA
Figure 1.—Monthly business indicators, 1929-39
Figure 2.—Pay rolls in manufacturing industries—First 5 months
of 1939 compared with the corresponding months of 1938
Monthly business statistics
General index
19
Inside back cover
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Superintendent of Documents, Washington, D. C,
1.17200—39
1
1
SURVEY OF CURRENT BUSINESS
July 1939
Monthly Business Indicators, 1929-39
INDUSTRIAL PRODUCTION
INCOME PAYMENTS AND CASH FARM INCOME
:—]
MONTHLY INCOME PAYMENTS (1929-100)
CASH FARM INCOME (l924M929»I00)
120
_l^V_J_Li#_JU
'
I t !
VCASH INCOME FROM FARM MARKETINGS
j
„ lUEXCLUSIVE OF RENTAL & BENEFIT PAYMENTS)]
!
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 19o9
7
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
CONSTRUCTION CONTRACTS AWARDED
HO
FOREIGN TRADE
r
FACTORY EMPLOYMENT AND PAYROLLS
140
WHOLESALE PRICES AND COST OF LIVING
1
(1923-25=100)
!
i
120
j
y
100
HV
FACTORY EMPLOYMENT-A^S-
80
J
60
I
40
20
i
!I
"\
! / ^^-FACTORY PAYROLLS
\j\^J
(UNADJUSTED)
i
!
•'
i
!
I
1
0
1929 1930 1931 1932 1933 1934 1935 1936 1937 1933 1939
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
RETAIL SALES *
175
150
^
AUTOMOBILE SALES (J929~3U1OO)
J
DEPARTMENT STORE SALES (1923-23=100) j
STOCK PRICES
350
(1923-25=100)
f
/
bv
300
* — 3 5 0 INDU STRIAL COMPANIES
125
^-DEPARTMENTSTORE SALES
100
\
\
I|
250
]^jl\
200
—
75
150
>^ j
50
100
25
N
1
NEW PASSENGER AUTOMOBILE SALES
\
0
\
\
I
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
50
V,
"^30
RAILROAD COMPANIES
C
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
* ADJUSTED FOR SEASONAL VARIATION
Figure 1.
• THREE-MONTH MOVING AVERAGE
D.D
SURVEY OF CURRENT BUSINESS
Julv 1939
Business Situation Summarized
USINESS activity improved during June as the
B
retarding influences of the 2 preceding months
were alleviated and the sustained flow of goods into
consumption stimulated activity in wholesale markets.
While cautious purchasing policies continue to prevail,
the volume of industrial and wholesale commitments
has increased since April. Aside from the steel and coal
industries, production gains have not been large, but
evidences of better business have been apparent over a
wide range of industries. The sharp expansion in steel
operations and. the resumption of coal mining, with
other manufacturing industries holding at a steady or
seasonally improved rate, have advanced the seasonally
adjusted volume of industrial output to the March
level. Construction activity continued to expand,
though a reduction in new contracts from the recent
large totals Las occurred.
Production in the nondurable-goods industries has
held at the April level, a rate moderately lower than in
the first quarter. Cotton-mill activity in May and June
receded at a less-than-seasonal rate and woolen mills
advanced operations in May following the April decline.
The fuel industries operated at relatively high rates
during June. At petroleum refineries, runs to stills
averaged 12 percent above last year. Bituminous coal
output of 6 million tons weekly was about one-fifth
larger than in June 1938; in May, production showed
some recovery as operations were resumed following the
settlement of the industrial dispute.
The heavier
movement of coal resulted in a rise in the seasonally
corrected index of loadings, which had dropped sharply
in April.
Production of durable goods in June exceeded the
May output ; with the steel industry making a substantial gain. Production of ingots averaged about 53
percent of capacity during the month; this contraseasonal rise from the May rate of 47 percent reflected
the acceleration of operations following the large orders
placed at the lower prices temporarily effective in May.
Automobile assemblies in June approximated the May
total notwithstanding some production delays in the
early part of the month. The maintenance of the May
rate of assemblies resulted from the relatively favorable
retail deliveries and the completion of schedules prior
to the change-over to new-model production.
The improvement in business during June came after
a 5-month period during which the seasonally adjusted
indexes moved lower; in the first quarter these changes
indicated an absence of the usual seasonal expansion,
but in April and May there was some actual contraction.
For the first two quarters, business activity was considerably higher than in the comparable period of 1938,
though it did not approach the level of the first half of
1937.
The dollar volume of retail trade so far this year averaged about 5 percent higher than in the first half of
1938. Purchases of consumers' durable goods have been
about one-sixth larger, with sales of new passenger cars
exceeding last year's totals by 40 percent or more.
General merchandise trade, though only 3 percent
ahead of last year's dollar total, has been about even
with the sales during the first half of 1937, allowance
being made for the lower prices currently prevailing.
Sales of retail food stores have been about the same as
PERCENT INCREASE
DURABLE
GOODS
i0
°
20
TRANSPORTATION EQUIPMENT
l I H H
IRON, STEEL 8c PRODUCTS
| ^ ^ ^ ^ ^ ^ ^ ^ ^
N0NFERR0U5 METALS, PRODUCTS
H Q H i
STONE, CLAY, GLASS PRODUCTS
| R B H 8 H
LUMBER 8c PRODUCTS
'°
40
50
|
i
11111111
i
I
MACHINERY
ALL DURABLE GOODS
NONDURABLE GOODS
RUBBER PRODUCTS
IIIIMIIIIIIIICTIWWliMiOTI
TEXTILES 6c PRODUCTS
WM3MMJ
r
LEATHER & MANUFACTURES
CHEMICALS, PETROLEUM
£H£§
•
PAPER 8c PRINTING
H
ALL NONDURABLE
i » j
GOODS
!
DP 39-
/?6
Figure 2.—Pay Rolls in Manufacturing Industries—Averages of Monthly
Indexes for First 5 Months of 1939 Compared With the Corresponding
Months of 1938 (U. S. Department of Labor).
NOTE.—As pay-roll changes in the tobacco and food-products groups were quite
small these classifications were not charted.
last year, as lower prices have permitted increased consumption writh no increase in dollar purchases. This
situation has favored other lines of trade, since the
larger consumer incomes this year have been available
for purchase of nonfood items.
The number of persons employed has increased
during the past year, though the unemployment total
continues large. The latest estimates of the Department of Labor place the volume of nonagricultural
employment in May at 33,017,000, a gain of 682,000
over last year. With omission of the bituminous coal
industry (affected by the industrial dispute at the time
of the May compilation of employment data) the gain
over last year amounts to 870,000 workers,
SURVEY OF CURRENT BUSINESS
Total income payments were 3 percent higher in the
first half of the year than in the first semester of 1938;
they were about 4 percent less than in the initial
6 months of 1937. Income payments have been made
at an annual rate of 65.6 billion dollars, as compared
with the actual 1938 total of 64.2 billion dollars and
the 1937 figure of 69 billion dollars. Income payments, seasonally adjusted, were lower in the second
quarter of 1939 than in the opening quarter of the year,
reflecting mainly the trend of manufacturing operations
and the curtailment of coal-mining operations. Income
payments this year have been augmented by the larger
volume of work-relief payments and benefits under the
Social Security Act; these have increased 18 percent
and 40 percent, respectively.
Corporate earnings have shown marked recovery
from the restricted profits in the first half of 1938,
though preliminary indications are that profits in the
second quarter, as in the first quarter, were lower than
in the fourth quarter of last year on a seasonally corrected basis. Dividend disbursements, however, have
been lower than a year ago. For May, Moody's
index of the dividend rate for 600 common stocks was
the same as in May 1938. The Department of Commerce has estimated that for the first half of this year
total dividend disbursements were moderately smaller
than in the comparable months of 1938. Interest payments this year have been about the same as in 1938.
Agricultural Income Stable.
Farmers' incomes this year have included enlarged
Government benefits which have offset the declines in
marketing receipts. Total cash income in the first
half of 1938 equaled that of a year ago, and the Department of Agriculture anticipates that income this summer will approximate receipts in the summer of 1938.
Income from marketings of crops and livestock has
been affected by the 5-percent average decline in prices
received, as well as b3T the changes in the quantities
sold or placed under Government loan. For the first
5 months of this year the Department of Agriculture
has estimated cash farm income from marketings of
crops and livestock at 2,466 million dollars, as compared
with 2,570 million dollars in the comparative period
of last year. Government payments of 363 million
dollars were 150 million dollars larger.
The outlook is for smaller harvests than a year ago,
according to the June 1 condition reports of the Department of Agriculture. In the Great Plains area moisture conditions, though relieved somewhat in late May
and in June, were poor; and pastures in these areas as
of June 1 were much below average. Threatening
drought conditions in the winter-wheat areas were
relieved by rains late in May and in June, but the indicated wheat harvest is much lower than the bumper
crop of 1938. Ample wheat supplies are assured by
the large carry-over from the 1938 harvest.
Manufacturing Output One-Fourth Larger.
Manufacturing output, as indicated by the Federal
Reserve indexes, has been more than one-fourth larger
Julv 1939
this year than in the first half of 1938; but significant
differences are apparent among the various industries3
by reason of the nature of the 1937-38 decline and the
subsequent recovery. The nondurable industries show
production gains of about one-sixth from the first half
of 1938, while aggregate output of the durable-goods
group is up about one-half. Percentage increases over
1938 have been large in many of the durable-goods
industries, a development in line with the characteristic
fluctuations in this group. However, the Federal Eeserve index for this group has averaged about 30 percent
MILLIONS OF DOLLARS
800
1
| REFUNDING
9 1 NEW CAPITAL
1925
1926 1927
1928
1929 1930
1931 1932
1933
1934 1935
1936 1937
!938 1939
JO J9-/J6
Figure 3.—Capital Issues of Domestic Corporations—Includes all Publicly
Announced Issues as Reported by the Commercial and Financial
Chronicle.
NOTE.—Data plotted are monthly averages.
lower than in the first half of 1937. Despite the slackening during the second quarter, the output of the nondurable-goods industries included in the Federal Reserve index has been within 8 percent of the 1937 level.
While the Federal Reserve production index for durable goods moved downward during the first 5 months
of this year, influenced by the heavily weighted steel
component, output in a number of the industries producing this type of product expanded during the second
quarter. Construction-materials manufacturers have
increased production to meet active demands, and
shipbuilding, aircraft, and machine-tool plants have
operated against large backlogs of orders.
To compare the situation this year with that prevailing in the first half of 1938, the pay-roll data of the
Department of Labor have been charted in figure 2.
The coverage of these data with reference to products
is wider than is afforded by monthly production data,
and the fact that hourly earnings have held steady removes this variable as an important consideration. It
will be observed that pay rolls in the durable-goods
industries surveyed by the Department of Labor averaged one-fifth higher. The rise in the transportationequipment group is outstanding. The automobile
industry was the dominant factor in the increase of this
group, though aircraft manufacturers and shipbuilders
have also advanced operations and enlarged pay rolls.
The automotive industry with its increased requirements for "original equipment1' tires and tubes, was
SURVEY OF CURRENT BUSINESS
Julv 1939
also responsible in a large measure for the outstanding
pay-roll gain of 34 percent reported by establishments
manufacturing rubber tires, rubber shoes, and other
rubber goods. For the machinery group, pay rolls
in most lines showed increases, though in the agricultural-implement industry they were about one-fifth
lower than in the first half of 1938, which was a period of
unusually well sustained activity in this industry. Increases of 20 to 40 percent were reported for pay rolls
in the hardware, plumbers' supplies, heating and hotwater equipment, lighting equipment, cast-iron pipe,
and brass and copper industries.
Construction Contracts Up 30 Percent.
Construction contracts awarded in the 37 Eastern
States surveyed by the F. W. Dodge Corporation,
though receding in June, were 30 percent larger in the
first half of 1939 than in the initial 6 months of 1938;
the total was in excess of awards in the first half of
1937 by 13 percent. Publicly financed projects and
private residential buildings—especially single-family
dwellings—accounted for the major part of the increase
in construction contracts this year. Contracts awarded
for private construction other than residential buildings
showed a gain of but 10 percent over a year ago, and
were only two-thirds of the 1937 volume. Awards
for factory buildings, though larger this year than in
1938, were DO more than half as large as in the first
half of 1937. Capital formation by private industry
generally is at a much lower rate than in 1937. The
relatively low volume of new capital raised is revealed
by figure 3, though this does not indicate the comparative volume of capital expenditures by industry
over this period. Much of the outlay of recent years
has been financed from the resources available to corporations without recourse to public issues.
Railroad Operations Relatively Depressed.
Freight traffic has responded to increased production
and construction activity this year, and operating
revenues of the class I carriers have been about 10
percent higher than in the first half of 1938, though 15
percent lower than in 1937. Operating revenues of the
carriers during April and May were cut by the curtailment in coal traffic, but part of this has been regained.
The railroads have increased their orders for rails
and track accessories to an important extent this year,
following the limited purchases of 1938. Outlays for
new rolling stock, however, have been relatively restricted, and the season for ordering new rolling stock to
meet fall traffic peaks has passed without substantial
equipment purchases. On June 1, freight cars on order
for the class I roads totaled 9,300, as compared with
4,500 at this date last year and 45,000 on June 1, 1937.
In the first 5 months, the class I roads installed only
7,000 new freight cars, as compared with 6,000 in the
corresponding period of 1938 and 28,000 during the
first 5 months of 1937.
MONTHLY BUSINESS INDEXES
Monthly income
payments
Factory employment j Cash farm
and
income 2
pay roils
Industrial
production,
adjusted 1
Freight-car Retail sales, Foreign
trade,
loadings, value, advalue,
justed i
adjusted l
adjusted '
I Total payments
riot
as
i-
Year and month
-a V
s
c.
-3 &
I
97.8
64.0
55.5
75.1
83.7
May
May
May
Mav
Mav
May
June
July
August
September
October.
November
D ecem her _. _
1939:
January
Febr uar y
March
April...
May
Monthly average,
through May:
1929
'.
1932
1933
1936
1937
1939.
...
_.
Monthly average 192325 = 100
M o n t h l y average 192429=100
87.5 ! 94.0
47.0
42.0
64.0
50.0
72.5
64.0
78.0
68.0
106.6
65.3
67.1
95.7
109. 1
114.3
46.8
44.4
83.9
109.7
82. 3
81.0
76.1
83.5
86.3
80.9
90.9
80.7
81.5
82.0
82.1
83.2
84.1
79.5
79.4
79.8
81.4
82.5
83.1
84.6
86. 2
83.7
82.4
82.9
84.9
86.9
87.5
90.0
91.6
72.9
70.8
70.6
76.9
81.0
83.8
84.1
86.5
84.3
77.8
84.3
83.0
79.1
83.7
83.5
84.2
82.6
82.2
85.4
85.1
85. 0
83.3
82.9
91.7
91.3
91.0
90.9
90.4
83.4
85.4
86.9
68.5
51.0
57.5
67.5
60.0
64.0
84^9 I 55! 0 64.5
84.4 I 60.0 65.0
101
100
110
97
110
96
110
92
95
91 I
98. 1
65.9
54.5
78.1
88.1
80.9
84.3
104.9
68.9
64.2
93.6
106.7
86.6
90.6
111.2
51.9
41.0
80.0
103.7
75.3
85.0
90.2
44.6
38.2
60.0
68.5
60.9
58.4
122
67
67
99
119
79
124
66
66
99
120
76
97
97.6
67.2
55.8
75.6 I
84.5
79.9
81.7 ;
B I I
OB >>
o
Sri
V
!
99.4
62.6
54.0
79.2
89.7
January
tf
"=
60.5
61.0
72.0
72.5
85.0
91.5
78.0
72.5
67.5
72.0
82.5
72.0
72.5
67.5
69.5
68.0
1929- !
131 = 1001
M o n t h l y average 1923-25 = 100
99.0
64.7
56.2
77.6
88.2
76.7
«**
Z
*
Monthly average
1929=100
1929:
1932:
1933:
1936:
1937:
1938:
Manu
33
Total
3
Miner
-*•»
i
4t \
VI
«
122
60
78
101
118
76
77
83
103
104
117
123
67
59
79
77 I 103
101
117
118
73
91
74
92
82
93
87
95
89
97
95
98
103
102
104
109
110
73
73
99
112
95
107
52
55
72
! 102
!
55
[ 50
67
!
!
78
57
j
ioo ! 62
105
73
67
65
69
109
72
66
87
93
108
37
32
56
81
122
34
32
58
86
121
26
16
46
56
134.3
(53. 4
58.3
86.2
97.8
60
59
60
60
61
62
61
61
78 ; 57.0 !
82 i 50.5 j
56.5 I
83
54.5 I
83
60.0 !
86
85.0 I
84
89 100.0
89
92.5
45
47
47
53
55
54
55
54
51
54
59
66
78
82
96
96
81.2
87.0
84.5
81.2
83.3
91.7
86.4
106.9
78.3
78.8
78.1
78.3
77.6
77.5
77.0
62
62
62
61
61
88
87
88
88
85
91.0 '
96. Q
88.5
79.5 j
78.5 I
55
49
53
53
61
86
73
69
67
61
90.5
77.1
92.3
85.3
90.0
76.9
76.9
76.7
76.2
76.3
100 I 161.7 ! 117
42.8 !
39
68
29
57
38.8 !
76 106.7 !
51 i
84 121.6 !
67
77
67.3 i
72 I
79
92.3 ,
62 i
120
40
29
60
86
51
57
121
27
17
50
58
50
70
135.8
70.3
3 56.5
86.8
100.4
83.4
87.0
95.5
65.9
60.8
79.8
87.1
79.4
76.6
75
65
63
i3 Adjusted for seasonal variations; monthly averages, except compensation of employees, are based on unadjusted indexes.
Average of 4 months, January, February, April, and May.
j 146.0
37.0
42.5
I 93.5
! 104.0
Monthly
average
1926=100
94.7
64.4
62.7
78.6
87.4
M o n t h l y average
1923-25 = 100
2
From farm marketings.
Pi
SURVEY OF CURRENT BUSINESS
1939
Commodity Prices
prices on the average moved within
COMMODITY
narrow limits during May and June. The recent
tinued low, with shipments during the first 5 months
of this year amounting to only half of the average for
the past 10 3rears. Raw-silk prices have dropped
about 25 cents a pound from the top May figure.
Wholesale prices currently are lower than a year ago,
when business started advancing in a move which
carried through the end of the year. The decline in
prices since June a year ago has not been so pronounced
as that in the preceding year of recession in business
activity, but the economic recovery of the past year has
not produced a renewed upward trend of the general
price level. The pressure of supply is still substantial
under existing demand conditions.
With wholesale markets steady and consumer purchasing maintained at an even rate, average prices at
retail of nonfood commodities have remained unchanged
in recent months. The steadiness of the composite
index reflects a similar lack of movement in the commodity groups. Food prices have declined since
December, though during the last 3 months of declining
prices of food at wholesale the index of retail food
prices has changed very little.
improvement in business has been accompanied by
increased commitments in wholesale markets, but these
demands have been met generally at prevailing quotations and some orders have been placed on the basis of
price reductions. Prices of a few leading raw materials
have advanced slightly, partly as a result of expanding
economic activity in some quarters abroad, but offsetting decreases in other commodities in this group
have caused the composite index to move moderately
lower. Quotations on finished goods remain generally
firm at a level about 3 percent below a year ago.
I Prices of farm products and foods have moved lower,
with meat products particularly declining. Grain quotations advanced on the basis of the crop reports
showing adverse conditions in certain areas, but prices
have eased during June as prospects improved. Cotton
prices have advanced as the available domestic supply
of "free" cotton was reduced, and substantial buying
of cloth tended* to maintain the rate of domestic cotton
consumption. Foreign demands for cotton have con-
INDEXES OF COMMODITY PRICES
.2
Wholesale Prices (U. S. Department of Labor)
Economic classes
! g-
Retail prices
If
Groups and subgroups
*»2
.2 ©
Year and month
!
T5 2
5o
I
a
S
Mo. ] Mo.
1 Middle
of m o n t h .
94.7
64.41
62.7
78.6
87.4
94.6
70.3
67.2
80.5
87.5
95.3
53.9
53.7
75.8
87.1
93.0il02.2ji 88.2:
58. 1 46. 6ij 42.6:
61.3 50. 211 52.8;
74.1 75.2i 70.6:
87. 5: 89. 8 ! 113. 9
78.1
78.3
78.8!
78.1
78.3
77.6!
77. 5 j
77.0:
82.1
82.2
82.5
81.8
81.8
81.1
80/5
30. 2
70.7
71.4
72.3
71.4
72.0
70.9
71.5
70.9
75.4
74.1
74.31
74.4!
74. 71
75.9;
76. 21
75.2!
67.5!
68.7
69. 4!
67.3;
68.1!
66.8;
67.8!
67.6;
82.3!
62.7
58.3!
53.4
53.0
50.8!
50.9'
54.4!
72.1
73.1
74.3'
73.0
'4.5!
73.5j|
74. l!
73. l!|
82.1!
84.5!
89. 7j
86.0
87. 3
83.3
81.9'
79.9;
81.6
81.3
81.4:
81.4!
81. 3
81.1
80.6
80.3
76.9!
76.91
76. 7j
76.2
76.21
75. 5'
80.0
80.2
80.2
80.1
79.9
79.8
70.9
70.9
70.1
68.5
68. 9
67.7
74.9
74.4;
74.6!
74.4!
74.31
7L2
67.2
67.2!
65.8!
63.7!
63.7!
62.5
56. 3!
54. 7!
54.5
55.2'
59.6!
71. s|
71. 5
70.2 !
68.6 j
08.2 j
81.6'
83.2:
82.5!
81.0
78.6
80.2:
80.2
80.4
80.5
80.6
80.6
95.5
65.9!
60.8?
79. 8!
87. l!
79.4
76. 6
94.7
71.3
66.2
81.6
86.3
83. 21
80.11
97.6J
56.11
50.3
94.6 = 105.1| 06.3
60.7! 49. 911 44.7
2| i 39.8
39. 8!
57.
57.7j 44. 2;
74.5! 77.311 75.5!
87. 5| 91. 8 [ 114. 2
75.9J 69. 5 69. ll
74. 51 65. 5 ! 56. I1
88.5
72.7
69. 9
2
98.0Nlll.5i 91. 5
59. 3;| 56. 5! 70. 4
59. 4j I 52. 3; 66.5
78. 0|! 85. lj 78. 81
84. 2 95. 91 86.3
; 67.3
98.3 107.9
62.0 59.8
55.9
5 5 . 9 : 50.6
8 1 . 0 : 00.6
86.3 ; 02. 7
73. 5: j 81.4!
70.0 81.4
95.5
71.5
71.4
85.8
97.2
94.i;
73.6
73.2!
77.7!
82. 51106.71
70.7 72.5
60.4 76.9
76.0 94.0!
94.0ll01.2l 90.7! 82.0!
74.8! 80. l| 54. 31 64. 4 i
71.7| 77.7 55. 9j 58.9
81.5 86.° c n ° c n o i
99.0
78.3!
72.3!
83. 8
Dec.
3 02.41.
68.5
62.5!
79. 9
S6.5:
76.8
70.4
88.1
95.6
97:
95
94
96
79.1
80.2=
80.0!
78.4!
78. 7i
78. l!
77. 8 :
78.6
89.5
89.2
89.0
89.0
89.0
89.0
88.9
88.9
91:
89
90
77.5
76.8
76.4.
76.6
76.5:
89.1
89.1
89.1
89.1
89.1
681
103!
128:
92:
92
95:
89.8
89.6
80.5
89.5
Mo.
I average ;average 'average
I 1923= ! 1909-14 1923-25 ! /
! 100
==100
= 1 0 0 , l'
Monthly average 1926=100
1929: May
|
1932: M a y
.
!
1933: M a y
|
1936: M a y
|
1937: M a y
__ I
1938:
j
May
I
June
July
August..
_
|
September
_.|
October
November
December
_
...
1939:
January
j
February
|
March
j
April
!
May
|
June 3
j
M o n t h l y average January through i
May: *
*
i
1929
!
1932
!
?033I
1936
|
1937
!
1938
|
1039
I
if
76.5!
76.0
75.91
75.4
73.1 1
73.4!
73.9!
74.0
65.9!
66.1
66.6
66.9;
67.5!
73.2
73.5!
74.11
74.41
74.2
66.8
73.6.
91.8!
90.9!
91.61
92.9
85.2!
85.4j
85.5!
86.9
94.3
94.0
03.5
93.5
91.9 ; 96.0; 95.1 82.7 109.0
71. 0 i 73.1; 74.9, 69.0! 76.5
66.2
71.71
62.9! 70.3
66. 2 70.4! 71.
7| 6:
78.91! 85.6i 70.2 7<6.0! 95.3:
85. 2!! 94. 9i 86. 9 76. 7:104. 3
82. 5! 91. 2 78.3' 77. 5 : 93. 7'
SO. 4 ! 80.61 76.3 73.2 91.0
03.9
70.7;
72.1 1
81.5 1
88. 21
87. 7
85.3:
101.3 91.9!
80. 8j 57.5
77.5 52.4
86.6 70.7
94. 2 78. 3
06.3 68.0
94.1 66.6
Index is as of the 1st of the following month.
1
82.3!
64.8!
59.2!
68.4!
78. 9 i
74. 21
73. 9 i
85.4
85.1
84.9!
85.0
84.8
99.3
79.9
72.3
83.6
87.8
86.8
85. 0:
145
68
106!
129
06
91•
Average for 3 weeks ended J une 24,
101.9 .
70.561. 0:
so. 3!
85.31
79 2!
76.8'
79.1
70.1
88.2
94.4
90.8
89.1
SURVEY OF CURRENT BUSINESS
Julv 1939
Employment
SIDE from the rise incident to the resumption of
work in bituminous coal mines and the gain in the
building industry, employment showed only minor
changes in mid-May as compared with mid-April.
Bituminous coal mines engaged about 80,000 additional
employees after settlement of the labor dispute, but as
the data cover only the pay-period ending nearest the
15th, they do not reflect the full extent of reemployment in this industry during the month of May.
The increase at coal mines, together with a seasonal
rise in the construction industry, accounted for most of
the April-May increase of 180,000 nonagricultural
workers, according to the Bureau of Labor Statistics
data. The increase was somewhat less than that usually
experienced at this time of year. The margin of gain
over a year ago widened in Ma}7, but this was occasioned
mainly by the declining trend of employment in the
spring of 1938. Recent business gains, the increased
production of coal, and the seasonal expansion in agriculture and several other industries, resulted in increased employment opportunities during June.
In factories, the decline in employment in May was
slightly more than the usual seasonal drop, the adjusted
index receding 0.5 of a point to 90.4 (1923-25 = 100).
While this represented the low for the index this year,
the figure was 10 percent above the 1938 low recorded
in June. The unadjusted index of factory pay rolls also
recorded a small decline in May but remained 20 percent
above the 1938 low. Only 3 of the 13 major groups of
industries recorded gains in employment in May as
compared with April—-lumber and allied products, food
and kindred products, and tobacco manufactures.
The railroads reported a less-than-seasonal rise in
employment in May, but for other public utilities the
gains approximated those usually occurring at this
period. Employment in retail-trade establishments
recorded a further small gain in May, and, while the
index remained 5 percent below that of May 1937,
it was otherwise the highest for that month since
1931.
The number of workers involved in industrial disputes declined rapidly subsequent to the settlement of
the coal dispute in mid-May, but man-days idle for the
full month approximated 4,200,000. This was the
largest monthly figure since the statistics were first
compiled in 1927, except for April 1939, when the total
reached 6,000,000, and June 1937, when disputes in
the automobile industry resulted in a total of nearly
5,000,000 man-days idle. The extended shut-down in
the coal mines does not necessarily indicate a net loss
in working days for the full year, since a large part of
the lost time may be made up in future months.
EMPLOYMENT STATISTICS
Factory employment and pay rolls l
Employment
Unadjusted
Year and month
DuraAll inble
dusgoods
tries industries
Pay rolls, unadjusted
Adjusted »
NonDuradura- All In-1111ble
ble
dus|
goods
goods
indus- tries industries
tries
Nonj Dura- duraEm- I
i ble
ble ployI goods goods
|
j indus- indus- ment I
j tries
tries
1
earnings
Dollars
i month
I in
per
week
•.month
Thou- Thousands
sands I of
dayg
Number
109. 5
59. 1
58.3
85.8
104.2
98.6
77.2
72.1
85. 0
89. 9
98.2
65. 5
51.3
65. 8
73.5
28.81 : .592
17.02 i .508
16.83 i .453
24.41
.616
28.36
.698
48.6
33.7
37.6
39.4
40.6
121
91
161
206
604
325
64.2
61.7
58.6
63.7
68.7
75.2
78.3
80.4
82.6
80.9
84.1
91.7
94.9
93.4
90.6
93.4
83.8
83.6
81.1
80.0
84.7
85.9
86.9
98.1
70.0
69.5
68.1
66.8
69.4
70.8
71.5
79.2
23.38
23.74
23. 93
24.93
25.73
26.14
26.32
26.02
.718
.719
.713
.711
.714
.714
.714
32.7
33.1
33.8
35.2
36.2
36.7
36.9
36.6
300
219
208
262
222
256
207
177
83
53
50
48
96
53
43
38
1,174
871
776
831
990
842
658
513
83.4
76.6
85.4 || 78.4
86.9 | 80.1
84.9 1 80.2
84.4
79.5
91.0
93.1
94.6
90.2
89.9
82.2
81.5
83.8
85.2
85.7
69. 7
68.4
69.6
71.2
71.8
25. 95
26.11
26.25
26.27
.713
.713
.715
.717
36.6
36.8
36.9
36.8
164
175
179
220
235
49
65
41
420
66
512
537
584
6, 000
4,200
78.6
71.4
82.4
87 6
84.3
83. 7
96.7
68.5
51.8
63.7
70.4
69. 9
70.1
28. 81
18. 30
15.86
23. 79
27.34
23. 41
.588
.522
.460
.611
. 064
.714
35.5
34.9
38.8
41. 1
33. 0
82
78
101
178
427
244
28
39
38
62
209
61
128
425
923
547
887
2.772
753
2, 367
106. 6
65. 3
67.1
95.7
109.1
107.4
53.2
50.1
89.4
107.4
105.7
77.0
83.4
101.6
110.6
75.0
72.4
70.3
71.7
75.3
79.0
82.1
83.1
91.5
90.3
92.9
99.0
101.7
99.4
98.4
83.7
82.4
82.9
84.9
86.9
87.5
90.0
91.6
74.1
71.9
70.7
72.0
75.7
77.9
81.3
83.2
92.9
92.4
94.5
97.2
97.6
96.7
98.3
99.5
72.9
70.8
70.6
76.9
81.0
83.8
84.1
86.5
81.6
82.6
83.5
84.1
83.2
97.1
98.4
98.9
98.0
96.7
91.7
91.3
91.0
90.9
90.4
83.6
83.4
83.0
83.2
b'l. 2
99.5
98.7
98.6
98.2
98.3
See footnote marked " t " on p. 25.
Work-
118.7
35.8
32.0
82.1
114.6
103.9
75.9
82.0
100. 0
108. 9
104.2
80.4
79.3
100. 0
104. 1 j 109.2
78.6 j
94.2
83.0 I
97.8
& ss-
Monthly average
1929 = 100
109.3
54.0
50.9
90.6
109.0
105. 6
56. 8
48.4
I I n d u s t r i a l disputes
Man-
Nondura- All inble
goods dusindus- tries
tries
Monthly average 1923-25 = 100
1929: May
! 106. 5
65. 2
1982: May
66.8
1933: .May
95.4
1936: May
108.9
1937: May
1938:
83.4
May
81.6
June
81.9
July
85.7
August
88.8
September
89.5
October
90.5
November
91.2
December
1939
89.5
January
90.7
February
91.4
March
91.2
April
_
May
i 90.1
Monthly average, Jan- j
uary through May: j
1929
I 104. 9
68. 9
64.2
93. 6
1937..
106. 7
86. 6
1938_.
90. 6
H'39..
Average factory
wages
and hours
. _.„
N i l Industrial
I d t i
(National
Conference Board)
Retail
litil trade,
tltlUl-,
un adjusted
114.3
46.8
44.4
83.9
109.7
111.2
51.9
41.0
80.0 ;
103.7
75.3
85.0
112.9
38.9
28. 1
74.9
104.6
66. 3
79. 0
950
2,079
1,067
1,019
I
109.3 I
66.3
55.3 I
85.6 I
102. 7 i
85.4 i
91.8 i
2
Adjusted for seasonal variations,
SURVEY OF CURRENT BUSINESS
Julv 1939
Finance
the decreased gold inflow
N OTWITHSTANDING
into the United States in June and the con tinned
figures. Prices of speculative issues reacted with the
stock market.
movement of imported gold into earmarked accounts,
The volume of corporate security issues for new
payments for gold from abroad continued to be an im- capital purposes has continued relatively small through
portant factor in the further expansion of member bank June. The figure on page 4 indicates the comparative
reserves to a record total of over 10 billion dollars. volume of new flotations for recent years. June flotaOther influences were the absence of a cash offering in tions were larger than in May, but the bulk of the offerthe June 15 Treasury financing and the net disburse- ings continues to be refunding issues to take advantage
ments of funds by the Treasury as a result of the con- of prevailing low interest rates. One industrial corporatinued substantial excess of Government expenditures tion's 25-year issue of $50,000,000 of debentures, with a
over receipts.
3-percent coupon, was offered at 104.
Loans of the weekly reporting member banks to agriOn June 22, the President proposed to Congress a new
culture, commerce, and industry have been practically program of Government financing of self-liquidating
unchanged so far this year, and on June 21 aggregated projects designed to stimulate employment. Included
83,323,000,000. The problem of credit needs was under was the suggestion of a 3-year program for the purchase
review during the month by the Senate Committee on by a Government agency of railroad equipment for
Banking and Currency which held hearings on the Mead leasing to the carriers, as well as a number of other
bill (S. 1482), one of several before Congress which have major projects. The total program involves $3,060,as their purpose the stimulation of the flow of credit to 000,000, with loan disbursements of $870,000,000 called
business enterprise.
for in the 1940 fiscal year. In addition, the proposal
Security trading was in relatively low volume during was made to expand the public housing program of the
June, with prices of industrial and rail stocks showing United States Housing Authority by increasing its
a net decline for the month. Price averages at the end borrowing power by $800,000,000.
of June were approximately the same as a year ago;
Referring to the suggested expenditures outlined for
June 1938 witnessed an exceptionally sharp rise in 1940, the President's letter states: "This program
stock quotations which anticipated the subsequent would stimulate a greater amount of productive
improvement in business and earnings. Prices of expenditure than is indicated by the total estimated loan
high-grade bonds continued to fluctuate narrowly, disbursements of $870,000,000 for the fiscal year 1940,
reflecting the pressure of funds seeking investment in Some parts of it will involve additional local expendithis type of security. Government bonds eased slightly tures not financed by Federal funds, and other indirect
after rising sharply in the 3 preceding months to record expenditures will be generated."
FINANCIAL STATISTICS
| Federal ;
i Reserve
! bank I Mon- i Cur! credit j
out- !
stand- | stock
tion
| end of j
I month I
Year and month
Reporting member banks, Wednesday
closest to end of month
Excess
reserves
Deposits
Loans
of
member
banks,
end of
month Total
Com'l,
indus- InvestDetrial, ments mand, Time
and agadjusted
ricultural
May
May
May
May
May
May
._
Jane....
July..
August-.
g
September
October
November
December
1339:
9:
January
February
March
April
May
_
16,2C2
11,631
8,952
8,626
9,571
!
I
!
I
I
5,068
5,566
6,466
11,266
12,440
4, 00.5
3,986
4, 026
10,324
11,901
4, 397
5,169
5, 589
5,918
6,426
262
339
2,866
918
i
I
|
I
2,582
2,596
2,589
2,585
2,600
2,586
2,584
2,601
12, 891
12. 946
12, 985
13, 057
13,441
13, 940
14,162
14,416
6,415
6,433
6,464
6,482
6,570
6,668
6, 750
6,888
2,568
2,875
3,022
2.941
2,869
3,227
3,383
3, 205
8,334
8,321
8,165
8.270
8,241
8,327 !
8,317 |
8,430
3,992
3,936
3,865
3,886
3,891
3,892
3,866
3,843
2,607
2,598
2,587
2,595
2,573
14, 599
14.778 ;
15,014 i
15,509 !
15,S78 i
6.712
6,697
6,764
6,867
6,919
3,644
3,387
3, 559
4,098
4,220
8,233
8,186
8,191
8,071
8,126
3,767
3,773
3,814
3,841
3,822
1
!
1
I
I
stocks,
average
price (N,
Y. S. E.)
Dec. 31,
1924=100 Dollars
Millions of dollars
102'):
1«2:
]i):«:
1>36:
1)37:
All listed
Capital flotations,
corporate
All
Divilisted
Interest
dend
bonds,
rates,
rate,
docomaverage
mestic,
mercial
per
averpaper
share
age
New
Refund(4-6
(608
price capita
ing
com- months;
(N. Y.
panies)
S. E.)
Thous. of dollars
Dollars I Percent
12,791
11,102
11,257
14, 580
15,274
6, 765
5,664
4,654
5,035
5,231
147.5
24.3
50. 1
74.4
82.4
95. 98
70.62
80.79
93.83
93.89
923, 046
7, 231
3, 584
37,608
83,011
390, 848
15, 000
12,050
267,3,85
92,220
1 48
1 06
1.50
2 09
12,202
12, 240
12. 395
12. 591
12,999
13,081
13,008
13,219
14,589
15,036
14,951
15,388
15,508
15, 766
16,013
15, 986
5,216
5,239
5,193
5,210
5,180
5,155
5.124
5,160
48.1
58.3
62.2
60.6
60.6
65.4
64.1
66.2
90.81
91.97
93.32
92. 53
92.10
93.70
93 33
94^35
37, 575
202.316
130. 276
127,014
84.937
63, 922
43,521
59, 544
25.692
98.791
55, 545
211.141
65, 136
273. 237
107, 702
250,493
1 43
1 39
1 39
1 39
1 39
1 39
1.43
1 41
13, 209
13, 408
13,388
13,714
13,554
16,048
15, 965
15,991
l!6, 660
16,965
5,183
5,202
5,217
5,248
62.6
64.4
57.0
56.6
60.2
94.25
95.01
94.99
94.83
92.92
5.827
23, 571
52,965
77, 060
20,990
10,386
136,115
46, 689
181, 749
161,502
1.41 i
1.42 !
1.43 !
1.43
1.43
5, 798
7, 385
8, 232
13,522
4,270 | 12,587 j
5,235
-3V-
H-l
3
/4-l
H-U
H
SUKYEY OF CURRENT BUSINESS
July 1939
Foreign Trade
declining in April, the seasonally adjusted
AFTER
- index of exports advanced in May to equal the
March figure which was the highest reported subsequent to May 1938. Exports were valued at 3 percent
less than the total for May 1938, a smaller relative
decline than was shown in the first 4 months of 1939.
This improvement resulted only partly from the gain in
exports from April to May, since the export trade in
manufactured products was moving to lower levels in
May 1938.
Although some manufactured exports moved abroad
in larger volume during the January-April period
than in the preceding year, the number of commodities
registering increases was extended in May. In addition to metalworking machinery, aircraft, rubber manufactures, textile manufactures, meat products, and certain chemicals which showed increases for both May
*and the year to date, exports of gasoline, automobiles,
radio apparatus, agricultural implements, copper, and
steel products were larger in May than a year ago. The
increase in these latter items was not sufficiently large
to offset the decline in the first 4 months of this year.
The volume of exports of finished manufactures in
the first 5 months of 1939 was equivalent to the quantity exported in the corresponding period of 1938, and
was larger than in the first 5 months of 1937. Exports
of semimanufactures were down less than 1 percent
in quantity during the 5 months from a year ago;
manufactured foodstuffs increased nearly one-fourth.
Declines of 7 percent in quantity and of 14 percent
in the value of total exports in the period January-Mny
1939 as compared with January-May 1938 have been
in considerable part the result of reductions in shipments
of feed grains and raw cotton this year. A significant
development of the month was the barter arrangement
made between the Government of the United Kingdom and the Government of the United States whereby
600,000 bales of cotton are to be exchanged for the
equivalent amount of crude rubber. This is a noncommercial transaction for the purpose of acquiring reserves
"against the contingency of a major war emergency."'
The value of general imports, which had declined
slightly in April, increased 9 percent in May to the
highest monthly figure recorded in nearly a year and a
half. The May total increased 37 percent over the
import value in May 1938, reflecting mainly the increased demands resulting from the improvement in
domestic business and industrial activity since the
middle of 1938.
Four of the five economic classes of imports increased
both in quantity and in value in the first 5 months of
1939 as compared with the corresponding period of 1938.
The prices of commodities have been lower on the average so far in 1939 than in the early part of 1938. The
increase in quantity has been, therefore, somewhat
greater than the increase in value.
EXPORTS AND IMPORTS
Indexes
Value Value
of
of
total total
imexports, ports,
ad- I adJusted'^justed2
Year and month
Exports,
including Total
reexports
Total
Un- Food- Semiman- stuffs, manufae- total ufactures Total
tured
cotton
Monthly average 1923-25=100
1929:
1932:
1933: Ma'
1936: Ma}1
1937: Ma
1938:
May
June
July
August
September
October
November
December
1939:
January
February
March
April
May
_.
..
Cumulative January
May:
1929
1932
1933
1936
3937
1938
1939
1
108
37
32
56
81
122
34
32
72
69
68
66
62
60
58
67
AutomoMa- biles, Total
chin- parts,
and
ery
accessories
58
86
377.1
128.6
111.8
197. 0
285.1
57.4 1
29.8
35.0
42.6
52.0
32. 6
17.7
26.1
22.2
24.6
57. 1
20. 0
13. 0
15.9
16.3
59.8
18.2
17.6
35.0
71.8
202.7
60.5
46.2
103.4
145.0
47.7
11.3
9. 1
29. 6
42. 2 |
43.3
7.9
7.4
22.5
45
47
47
53
55
54
55
54
257. 2
232.7
227.8
230. 6
246.3
277.9
252. 2
268.8
253. 6
229.5
225. 1
228.1
243.6
274.3
249.7
266. 2
34.8
34.5
32.8
43.8
59.6
72.1
59.9
49.4
10.4
9.4
10.5
10.7
20.5
24.1
25.0
19. 0
48. 2
34. 6
38. 0
35.8
31. 4
33. 3
29.5
28.4
42.6
37.0
37.3
35.6
40.2
44.5
40.0
50.5
128.0
123.4
117.0
112.9
112.5
124. 4
120.4
137.9
42.4
41.5
39.7
39.5
36.6
38.7
34.6
40.9
212.9
218.6
268. 4
230.9
249.3
210.3
216.0
264. 6
227.6
245.9
36.4
36.5
40.1
26.0
30.2
15.0
13.7
17.0
9. 2
7.5
31. 1
26. 6
28 0
23. 6
26. 9
35.5
34.9
45.7
41.0
48.2
107.4
118.1
150.9
137.0
140.5
31.2
34.6
49.4
43.9
2,229.9
725.9
549.5
969. 3
1,271.2
1, 359. 5
1,180.0
2,191.7
710.2
539.4
954.1
1,250.9
1, 342. 0
1.164.4
428.0
216. 6
167. 1
237.4
269. 5
242.4
169.2
288.9
148.2
111.4
131.5
159.0
109.5
62.3
316.0
109.1
66.7
77.6
85.9
202.0
136.1
through
3 J20
3 40
3 29
3 60
3 86
3 51
3 57
General imports through December 1933; imports for consumption thereafter.
157200—39
2
Fin-
Semi- ished
£T"* e Food- man- I manmate- sfit*ullffe
i r s ufacufacrials
tures tures
Millions of dollars
385. 0
131.9
114.2
200.8
289. 9
55
63
3 117
3 39
s 29
3 51
3 67
3 72
3 62
Imports 1
Exports of United States merchandise
Crude maFinished manufacterials
tures
1
320. 8 1.127.0
92. 0
' 292. 4
78.6
226. 9
158. 3
480.8
253.3
642.1
220.9
676.
205.2|t 653.8 M
aA
252. 9
62. 2
45.1
138.2
185.5
215.2
203.5!
Adjusted for seasonal variations.
88.9
37.2
40.0
86.1
17.2
18.3
i 400.1
! 112.3
| 106.9
! 189.0
j 278.1
141.7
28.4
24.9
55. 1
91.4
813
20.6 |
17.2
17.5
12.3
14.2
17.3
25.4
29.2
147.2
147.9
147.8
171.1
172.9
178.5
171.7
165.5
40.2
38.0
43.2
49.5
52.4
53.7
52.4
53.5
45.7
47.1
44.1
49.5
49.1
48.4
46.8
44.0
27.8
30.4
29.6
35.0
33.6
35.8
35.2
35.3
33. 4
B2.4
30. U
37.0
37.9
40. 6
37.3
32. 8
21.4
25.3
28.5
24.9
23.8
169.3
152.5
191.2
185.8
194.2
53.9
48.1
59.5
54.9
62.3
43.4
41.6
54.5
49.1
51.9
37.2
34.0
38.8
37. 9
39.9
34. S
28.8
3K 4
4S.8
UK 4
707.4
176.1
117.9
291. 5
438.6
233.8
278.7
443. 6
193. 7
167.1
301.2
417.1
241.9
240. 5
380. 9
106.8
76.4
192.6
267.1
151.2
187.8
401.1
33.2
289.2 ! 1,933. 0
39. 3
636. 5
469.9
34.6
959.0
113. 7
146.4 1,343.4
138.2
795. 5
123.9 ! 893.1
5
2a. 6
3U. 1
t)O. V
55. 9
220.
Monthly average of unadjusted indexes.
7
10
SURVEY OF CURRENT BUSINESS
July 1939
Alcoholic Beverage Industry Reestablished
By J. A. Van Swearingen, Division of Business Review
to repeal of the prohibition amendSUBSEQUENT
ment, the alcoholic beverage industry rapidly assumed a position of importance in the Nation's business
structure. In the period from 1934 to 1937, the value of
distillery and brewery output expanded to more than
four-fifths of a billion dollars, and the value added by
manufacture reached nearly one-half billion dollars.
The process of revitalization, which has amounted
practically to a reestablishment of the industry, has
been attended by some unusual complications. At
the outset, productive facilities were deficient, particularly in the distilling industry, and there was no
system of distribution. Stocks of aged spirits were
very small. However, with the possibilities offered new
capital, the number of distilleries and breweries increased
rapidly, and a working distributive system was set up.
The accumulation of an adequate supply of aged spirits
has been largely a matter of time, and while the quantity of bonded liquors offered for sale remained relatively small until recently, present indications are that
large quantities are currently becoming available.
Preprohibition Trends,
Figure 4 depicts trends since 1901 for several important phases of the liquor-producing industry. The
steady growth in tax-paid withdrawals* of whisky
from 1905 through 1913 corresponded roughly to the
increase in population. Subsequent to 1913, the preprohibition downturn occurred. Prohibition measures became operative in a number of States, and the
reduction in the rate of output was accelerated b}r
the wartime emergency act of 1917, which prohibited
the manufacture of distilled spirits for beverage purposes subsequent to November 9, 1917. The Volstead
Act, which prohibited sales for beverage purposes,
became effective after January 16, 1920. During the
DV2 years since repeal, special circumstances make it
difficult to determine trends, although the available
data suggest that consumption is currently exhibiting a
tendency to level off. The same situation has prevailed in the brewing industry with regard to the trend
of consumption, although the rise to 1914 was partly
in consequence of a small increase in the quantity
consumed per capita.
Size of Industry,
According to the Census of Manufactures, alcoholic
beverages produced in 1937 were valued at over $837,000,000. Of this total, more than $537,000,000 or 64
percent, represented malt liquors, 14 percent distilled
spirits, 17 percent rectified and blended spirits, and 5
percent vinous liquors. The true relative importance of
1
Tax-paid withdrawals and total consumption for beverage purposes are not
synonymous. See the section headed ''Distilled and Rectified Spirits" for a discussion of these concepts.
these industries is not revealed b}^ these data, since the
figure for rectified and blended spirits includes a large
amount of duplication. The "value of product1' in the
census reports is the selling price at the plant, exclusive
of taxes, of all commodities produced. In the case of
rectified and blended spirits, it is evident that a large
part of the value of product is actually created in other
industries. Thus, the whisky used in the blending
MILLIONS OF
BARRELS
iOOf
FERMENTED MALT LIQUORS
80
,-
60
50
vProduction
*~"~N
^—Tax-paid Withdrawals
\
40 /
\
30
20
MILLIONS OF
TAX GALLONS
WHISKY
500
400
300 2 00
1901
1919 1934
1938
o o
39-7
Figure 4.—Production, Tax-Paid Withdrawals, and Stocks of Fermented
Malt Liquors and Whisky, Fiscal Years 1901-19 and Calendar Years
1934-38 (U. S. Treasury Department, Bureau of Internal Revenue).
process is produced by the distilling industry, and a
large part of the neutral spirits by the chemical industry.2 Another important factor affecting comparisons on the basis of value of product is that the proportion of the total represented by cost of materials varies
considerably among the major divisions of the industry.
The size of the industry, in terms of the operations
actually performed, is better represented by the census
figures for value added by the manufacturing process.
The "value added" is the value of products less the cost
of materials, supplies, containers, fuel, and purchased
2
In 1938. neutral spirits dumped for rectification amounted to 28,200,000 tax gallons.
of which 17,600,000 gallons were produced in industrial alcohol plants and 10,600,000
gallons in distilleries In 1937 the total amounted to 30,900,000 gallons, of which 23,700,000 gallons were produced in industrial alcohol plants, and 7,200,000 gallons*i n
distilleries.
11
SURVEY OF CURRENT BUSINESS
July 1939
electric energy. In 1937 the value added by manufacture amounted to $466,000,000, or about 1.9 percent of
value added in the manufacturing processes of alJ
industries. The malt-liquor industry accounted for 72
percent of the total value added by manufacture in all
liquor industries, the rectifying and blending industry
for 15 percent, the distilled-liquor industry for 9 percent,
and the vinous-liquor industry for 4 percent.
In the aggregate, the value added for the four industries was about one-tenth larger in 1937 than in the
preceding census year, 1935. Several shifts, however,
were evident. As a result of the marked decline in
distilling operations, the value added in the distilleries
decreased slightly more than one-half as compared
with the figure shown in table 1 for 1935. In rectifying plants, the growing supply of straight spirits
available for blending resulted in a gain of nearly threefourths in value added in 1937 compared with 1935.
The alcoholic-beverage industries account for a
smaller proportion of total employment and wage payments than they do for value of product and value
added by manufacture. In 1937, work was provided
for only about 74,000 workers, and wages and salaries
paid amounted to $123,000,000, or slightly more than
1 fjercent of the total of such payments in all manufacturing; industries.
Table l.—The Alcoholic Beverage Industries, 1935
[Value figures are in thousands of dollars]
Manufacturing 1
Total liquors
Malt
Distilled
Rectified and blended
Vinous
Item
Total
Value of products
Value added by manufacture
Employees
Payroll
Percent of
all manufacturing
industries
$708,467
$420,149
67,619
$104, 527
1.6
2.3
1.1
Percent of
total
liquors
Total
$420,030
$280, 221
47, 725
$82. 839
59.3
66.7
70.6
79.2
Total
$152, 875
$76, 388
9,624
$11, 332
Percent of
total
liquors
21.6
18.2
14.2
10.8
Total
$99,130
$42, 414
7,147
$6, 737
Percent of
total
liquors
14.0
10.1
10.6
6.5
Wholesale trade 2
Total liquors
Total
$36,432
$21,125
3,123
$3, 618
Wines and liquors
Malt
Type of establishment
Total
Full service and limited function wholesalers:
Wholesale merchants:
Net sales
$587, 376
Employees
26, 326
Payroll
$36, 550
Importers:
$47,956
Net sales.
.._
Employees
__
_.
1,524
Payroll
$3, 283
Wagon distributors:
$63,163
Net sales
_..
___
Employees
3,527
Payroll
_.
$3, 844
Manufacturers' sales branches:
With stocks:
Net sales
$265,812
Employees
5,284
Payroll
_
$11,533
Without stocks:
Net sales.
$81, 280
Employees
928 i
Payroll...
_
$2,470 |
Agents and brokers:
Net sales
$19,710 !
Employees
189 |
$412 I
Payroll
Total liquor wholesaling:
$1,065,297 |
Net sales
37,778 I
Employees
$58,092 !
Payroll
Total
5.1
5.0
4.6
3.5
Retail trade 2
Type of operation
Percent of
all wholesale business
Percent of
total
liquors
Percent of
total
liquors
Total
Percent of
total
liquors
1.4
2.1
1.8
$217, 218
11,851
$14,480
37.0
45.0
39.6
$370,158
14,475
$22,070
63.0
55.0
60.4
.1
.1
.2
$2, 201
99
$150
4.6
6.5
4.6
$45, 755
1,425
$3,133
95.4
93.5
95.4
.1
.3
.2
$61,840
3,429
$3, 749
97.9
97.2
97.5
$1, 323
98
$95
2.1
2.8
2.5
$68,275
2,697
$4,979
25.7
51.0
43.2
$197, 537
2,587
$6, 554
74,3
49.0
56.8
Total
liquors
Beer and liquor stores:
Net sales
__.
$328,307
Employees
25,234
$19,458
Payroll
Drinking places:
$723,961
Net sales
252,167
Employees
$101,488
Payroll
Total liquor retailing:
Net sales
_. $1,052,268
277,401
Employees
$120,946
Payroll
Percent of
all retail
business
1.0
ii
4.6
2.S
3.2
5.1
3.3
.2
.1
.1
.0
.0
.0
2.5
3.0
2.8
1
Data on manufacturing operations are from the Biennial Census of Manufactures, 1935. Figures are available for 1937 (see text) but are shown here for 1935 so that|direct
comparisons can be made with the wholesale and retail trade statistics. "Value of products" and "value added by manufacture" are exclusive of taxes, as such assessments are
made on liquors sold rather than on liquors produced. The employment and pay-roll figures include both salaried personnel and wage earners. Data for wage earners are
averages of monthly figures, and include both full-time and part-time workers. The percentages are based on the following 1935 data for all manufacturing industries: Value of
products,
$44,993,690,000; value added by manufacture, $18,552,553,000; number of employees, 8,262,000; amount of pay rolls, $9,564,754,000.
gl
2
Data are from the Census of Business, 1935, Wholesale Distribution, Volume 1, and Retail Distribution, Volume 1. For both wholesale and retail trade, the Bureau of the Census classifies the establishments canvassed according to the major commodity or commodities dealt in. The line of separation is drawn at 50 percent. This method of classification affects particularly the data for retail establishments shown in the table, but the same situation exists to a more limited extent in wholesale establishments.
For Census purposes, wholesale sales embrace the sales of establishments which are engaged in the purchase or sale of goods on a wholesale basis. The figures include
wholesale sales made by separate sales establishments of manufacturers, but exclude wholesale sales made directly from their plants. Taxes, as assessed on withdrawals from
distilleries, breweries, wineries, and rectifying plants, are included. The data for employment are averages of monthly figures, and include both full-time and part-time workers, and active proprietors and firm members. The pay-roll figures do not include compensation of proprietors and firm members of unincorporated businesses. The percentages are based on the following 1935 data for all wholesale establishments: Not sales, $42,802,913,000; number of employees, 1,278,000; amount of pay roll, $2,049,483,000.
The retail trade data cover operations in beer and liquor stores (including State operated stores) and drinking places, but exclude sales in establishments such as restaurants, hotels, department stores, and grocery stores. The data for employment are averages of monthly figures, and include both full-time and part-time workers,*and
active proprietors and firm members. The pay-roll figures do not include compensation of proprietors and firm members of unincorporated businesses. The percentages are
based on th? following 1935 data for all retail establishments: Net sales $33,161,276,000; number of employees, 5,473,212; amount of pay rolls, $3,623,289,000.
12
SURVEY OF CURRENT BUSINESS
1939
The liquor industry is significant from the manufac- withdrawals amounted to over 66,000,000 barrels. Per
turing standpoint, and it is equally important in the capita consumption is much less than in that year, as the
wholesaling and retailing fields, in 1935, the latest number of persons 20 years of age and over has increased
year for which complete census figures are available, about 40 percent over this interval. Approximately
wholesale business done by organizations whose princi- 53,600,000 barrels of malt liquors were produced in
pal business is the distribution of beer, wines, and 1938 as compared with 58,300,000 in 1937. The excess
liquors amounted to over a billion dollars, or about 2.5 of production over consumption in 1938 reflected mainty
percent of all sales included in the census wholesale- tax-free withdrawals (consumed on premises and withsales classification (see table 1). Thesefigures,how- drawn for cereal beverages and for export) and brewery
ever do not include an indeterminable quantity of losses, with stocks showing only a slight increase.
liquor distributed by wholesalers who are not classified Stocks are customarily low, and, except in the spring,
as beer, wine, and liquor distributors. This is appar- are usually equivalent to about 2 months' consumption.
ently an even more important consideration in the case About 700 breweries were in operation during 1938, as
of retail sales. Reported retail sales amounted to only compared with about 600 at the time of repeal and
slightly over a billion dollars in 1935; but this figure nearly 1,500 in 1913, the last preprohibition year unincludes only sales in drinking places and packaged affected by wartime emergency measures which resales of beer and liquor stores and excludes sales in stricted and finally prohibited the use of raw materials
restaurants, hotels, and in certain retail outlets, such essential in the production of malt liquors.
as grocery, department, and drug stores.
MILL ONS OF
Sample data indicate that classified wholesale sales
500
continued to expand rapidly in 1936 and 1937, and the
Less than /year o/d
decline in 1938 was relatively much less than that/-2 years o/d
recorded for other lines of business. These data, which
2~ J years o/d —
are available for full-service and limited-function whole3~4 years o/d
salers only (see table 1), indicate that such sales in 1938
Over 4 years o/d
were more than one-third larger than in 1935; while the
gain in sales of all-service and limited-function wholesalers amounted to less than one-tenth. The same
situation prevailed w^ith reference to reported retail
business, although the changes were somewhat smaller
than those reported for wholesale sales.3 The gain in
wholesale and retail sales since 1935 has been due in
part to the repeal of prohibition laws in some States.
Employment in wholesale liquor establishments covered by the census returns in 1935 averaged about
38,000 workers, or 3 percent of total employment in
1914
1933
1934
wholesale lines; and pay rolls amounted to about
5.—Age Distribution of Stocks of Distilled Spirits, June 30, 1914
$58,000,000, or 2.8 percent of all pay rolls in whole- Figure
and 1933-38 (U. S. Treasury Department, Bureau of Internal Revenue).
saling. Retail liquor establishments employed about
NOTE.—Stocks aged 1 to 4 years are combined in the 3 years 1933-35.
277,000 workers, or 5 percent of total retail-trade emThe industry is subject to a marked and rather regular
ployment, and paid about $121,000,000 in wages, or
seasonal movement, with production and consumption
more than 3 percent of total wage payments in retail
usually at their low in January, and at their high in
trade. The figures for liquor establishments include
July or August. Sales of bottled and canned beer have
only those at work in drinking places and in retail liquor
accounted for a rapidly increasing proportion of total
stores; employment includes proprietors andfirmmemsales since 1934. In that year, fermented malt liquors
bers, and pay rolls exclude compensation of proprietors
withdrawn by pipe line for bottling accounted for about
of unincorporated businesses.
25 percent of total tax-paid withdrawals. By 1938 the
proportion so withdrawn had increased to 45 percent,
Fermented Malt Liquors
and that withdrawn in barrels and kegs had decreased
Tax-paid withdrawals of malt liquors in 193S totaled
to do percent.
51,400,000 barrels, as compared with 55,700,000 barrels
Imports of malt liquors are small, customarily
in 1937, the post-prohibition record year (see table 4).
amounting to less than 1 percent of consumption. Beer
In the year of maximum consumption—1914—tax-paid
and ale have been imported mainly from Germany,
3
Estimates of the volume of wholesale and retail sales subsequent to those for 1935
Japan, and United Kingdom. Exports of beer are also
shown in table 1, are compiled by the Marketing Research Division, Bureau of Forof small proportions.
eign and Domestic Commerce.
PROOF GALLONS
SURVEY OF CURRENT BUSINESS
Julv 1939
13
Distilled and Rectified Spirits4
dropped to about 95,000,000 tax gallons. Stocks
Although tax-paid withdrawals of fermented malt continued to rise, and by the end of 1938 supplies of
liquors recorded a decline in 1938 as compared with whisky in bonded warehouses reached nearly
1937, withdrawals of distilled spirits continued to in- 466,800,000 gallons. Of this total, about three-fourths
crease. Withdrawals, however, have shown a tendency was corn or bourbon whisky, and most of the remainder
to level off, the 1938 total of 87,700,000 tax gallons set- was rye whisky.
The supply of distilled spirits more than 1 year old
ting a post-prohibition record by only a small margin.
has been increasing; but until 1938, stocks eligible for
(See table 3.)
Tax-paid withdrawals of whisky have shown small bottling in bond were relatively scarce. On June 30,
reductions in the past 2 years, with the 1938 total of 1938, stocks more than 4 years old totaled 9,500,000
69,300,000 gallons about 1.5 percent lower than in 1937 gallons, about four times the quantity a year earlier.
and 4.4 percent low^er than in the record post-prohibi- (See fig. 5.) Data on stocks of total distilled spirits
tion year 1936. (See table 2.) The figures for with- subsequent to June 30, 1938, are not available, but
drawals are not a satisfactory indicator of domestic
MILLIONS OF
consumption of whisky, since they do not take into conPROOF GALLONS
I5
sideration the rectified spirits consumed, the net imI United Kingdom
ports of recent years, or the changes in stocks in the
hands of wholesalers and retailers. After adjustment
Canada
for rectified spirits and for imports and exports, the indicated consumption for beverage purposes in 1938
10
amounted to 98,500,000 gallons, compared with 103,600,000 gallons in 1937 and 98,900,000 gallons in 1936.
As satisfactory data for rectified spirits were notreported before prohibition, it is not possible to make
a direct comparison of total current consumption with
that of the earlier period. For tax-paid withdrawals
of whisky alone, the 1938 figure of 69,300,000 gallons
compares with the 1913 fiscal-year total of 76,200,000
gallons. While blended whisky, the important variable,
19341913
1935
cannot be determined accurately for 1913, the available
1936
1937
1938
statistics suggest that consumption of such spirits in
Figure 6.—Whisky Imports From the United Kingdom and Canada,
that year was larger than in 1938.
Fiscal Year 1913 and Calendar Years 1934-38 (U. S. Department of
Commerce, Bureau of Foreign and Domestic Commerce).
Production 'has fluctuated widely since repeal, with
NOTE.—Imports from other countries are negligible, amounting in 1937 to only
the industry faced with the necessity for building up 179,000
proof gallons, as compared with 14,185,000 proof gallons for the United Kinglarge stocks for aging. On June 30, 1933, stocks of dom and Canada.
whisky in bonded warehouses amounted to about
figures reported by the Federal Alcohol Administration
18,400,000 gallons, and the seven whisky distilleries
show that supplies of bottled-in-bond whisky reached
in operation had a daily capacity of 60,000 proof
14,500,000 gallons at the end of 1938, compared with
gallons. Within a year, the number of distilleries
8,600,000 6 months earlier. At the middle of 1933,
was increased to 44 and the maximum daily capacity
total stocks of distilled spirits eligible for bottling in
to 750,000 proof gallons. Production expanded rapidly,
bond amounted to 8,500,000 gallons. This figure was
and by the end of June 1934 whisky stocks amounted
reduced steadily in the succeeding 4 years to meet the
to 57,700,000 gallons.
demand from blenders. Supplies 3 to 4 years old
In consequence of the industry's efforts to accumulate
amounted to 37,000,000 gallons on June 30, 1938, as
stocks for aging during the early years following repeal,
compared with 14,800,000 gallons a year earlier.
whisky distilled in 1936 reached an unprecedented
The increasing proportion of total withdrawals repretotal of 245,500,000 tax gallons—more than double
sented by older liquors is indicated by the fact that of
that of any preprohibition year. Subsequent to
tax-paid withdrawals of whisky during the year ended
1936, production was curtailed and by 1938 it had
June
30, 1938, only about 5 percent represented cur4
All quantities in this section are in tax gallons unless otherwise indicated. A
rent-year
production, as compared with approximately
proof gallon is a gallon of spirits which contains one-half its volume of alcohol of a
6 percent in 1937, 27 percent in 1936, 55 percent in 1935,
specific gravity of 0.7939 at 60° F. Full-strength alcohol at this specific gravity and
at this temperature is referred to as 200 proof; the 50-percent dilution yields a product
and 75 percent in 1934. Withdrawals of bottled-inwhich is 100-percent proof. The tax gallon is the unit used in measuring the amount
of Federal excise tax due when spirits are withdrawn from bond. If the sDirits are bond spirits have increased in the last several years,
above proof (100 proof) the tax is proportional with the proof; however, if the spirits
but the total for the year ended June 30, 1938, amounted
are below proof, the unit of measurement is the standard wine gallon of 231 cubic
to only 3,800,000 gallons.
inches.
0.0.39-/2
14
SURVEY OF CURRENT BUSINESS
Whisky is the only distilled spirit imported in significant quantities. In 1938 such imports amounted to
nearly 10,300,000 gallons and accounted for about 10
percent of estimated consumption for beverage purposes. As is indicated in figure 6, practically all imports stock come from Canada and the United Kingdom.
As of June 30, 1938, the 108 whisky distilleries in
operation had a daily capacity (24-hour) of 1,390,000
proof gallons. While the 1938 figure indicates a possible maximum capacity of more than one-half billion
gallons per year, actual capacity is much less than that.
Except during periods of unusual activity, such as in
1936, the industry does not operate on a 24-hour basis;
and, in addition, output is characterized by rather
marked seasonal fluctuations which reflect the movement of grain supplies to the distilleries. Normal
shut-downs for Sundays and holidays and for repairs
and replacements also affect the theoretical maximum.
As a result of the proration program in the wine
industry, some 300,000 tons of the 1938 bumper grape
crop were diverted into the production of brandy.
This lifted brandy production for the year to 26,500,000
gallons, about 20 percent more than in the preceding
year. Stocks at the end of the period were about 12
times the 1938 annual rate of tax-paid withdrawals.
The proration agreement, however, provides that output
attributable to the diversion of grapes from the wine
industry shall be withheld from the market under a deferred-distribution schedule. Moreover, a large but indeterminate part of the available supply will eventually
be used in the fortification of wine. It is thus difficult
to establish a definite relationship between current
stocks and current consumption.
Production of rectified spirits and wines in 1938
amounted to 41,800,000 gallons of which a total of
31,900,000 gallons was whisky. (See table 5.) These
totals were both below those of 1937, but exceeded
those of any other year since repeal. In the process
of rectification, the 304 plants in operation (as of June
30, 1938) consumed 28,200,000 gallons of alcohol,
12,900,000 gallons of whisky, nearly 600,000 gallons
of other spirits and over 100,000 gallons of wine.
Wines 5
Though dependent largely upon the grape harvest,
operations in bonded wineries have risen sharply since
1934. Production of still wines (including wine for
beverage use and for distilling brandy) in 1938 totaled
about 228,600,000 gallons, a slight gain over the 1937
total, and the largest output since repeal. (See table
7.) Tax-paid withdrawals, which approximate consumption for beverage purposes, also showed a small
gain in 1938 as compared with 1937, and tax-free withdrawals, used largely in the distillation of brandy,
showed a somewhat sharper gain. Of total 1938 with* All quantities in this section are in standard United States gallons of 231 cubic
inches.
July 1939
drawals, amounting to about 233,800,000 gallons,
nearly three-fourths were tax-free.
Production of sparkling wines in 1938 was about 9
percent less than in 1937; and tax-paid withdrawals,
amounting to 328,000 gallons, and imports, of approximately 483,000 gallons, were each about 15 percent less
than in 1937. (See table 8.) Production of vermouth,
a relatively minor domestic product, was about 20
percent larger than in 1937.
Appendix
Data used throughout this article are taken for the most part
from reports of the Bureau of Internal Revenue, the Biennial
Census of Manufactures, and the Census Survey of Business.
Part of the data are presented regularly in the Foodstuffs and
Tobacco section of the SURVEY, page 41. Statistics relating to
production, tax-paid withdrawals, and stocks of fermented malt
liquors, distilled spirits, and wiiisky, and production of rectified
spirits and wines, are there shown. Tables 2 to 8, pages 15-18
of this issue, present the complete historical record for these
data, including certain preprohibition figures not heretofore
shown in the SURVEY, together with a number of other series
relating to the liquor industries. The series shown in these tables
will be presented regularly in the SURVEY beginning with the
issue of August 1939.
The Bureau of Internal Revenue issues separate monthly
reports for distilled spirits, rectified spirits, fermented malt
liquors, and wine. The report on distilled spirits gives figures
for production; tax-paid withdrawals; and stocks of whisky,
rum, gin, brandy, and other spirits. The report on rectified
spirits gives details for materials dumped for rectification, and
production of rectified spirits by kinds. The report on fermented
malt liquor shows production, stocks, tax-paid withdrawals in
barrels and kegs, and by pipe line for bottling, and number of
breweries in operation. The wine report gives production of still
wine (ameliorated and fortified wine and blended wine); tax-paid
withdrawals by alcoholic content; tax-free withdrawals by uses;
reported losses; and stocks by alcoholic content. Production,
tax-paid withdrawals, losses, and stocks of sparkling wines are
also reported. In all these releases, the items of major importance are reported by States.
The Annual Report of the Commissioner of Internal Revenue
includes additional information on the following subjects: (a)
number of distilleries and bonded warehouses, (6) bottled-inbond withdrawals, (c) age of distilled spirits held in warehouses,
(d) materials used in the production of spirits and malt liquors,
(e) production, withdrawals, losses, and stocks of vermouth.
Much of the foregoing material is available by States.
The Biennial Census of Manufactures gives the data shown
in the first section of table 1, by States, also State figures for
cost of materials and number of establishments, and production
figures, by kinds and by States, on a quantity and value basis.
The Census Survey of Business, 1935, Wholesale Distribution,
Volume 1, and Retail Distribution, Volume 1, include the data
shown in the second section of table 1 by States and by type of
wholesaler, and similar figures for number of establishments,
operating expenses, stocks, and related data. Production and
stocks of whisky, by kinds and by States, and of brandy, by
kinds, are given in reports of the Federal Alcohol Administration
Division, Treasury Department. The reports also give United
States and Puerto Rican production and stocks of rum. For
historical data not shown in tables 2 to 8, see United States
Tariff Commission Report No. 90, and Statistics Concerning
Intoxicating Liquors, December 1933, compiled by the Bureau
of Internal Revenue.
15
SURVEY OF CURRENT BUSINESS
July 1939
STATISTICS OF THE ALCOHOLIC BEVERAGE INDUSTRY
been omitted from the tables. Such figures may be obtained
from the following publications: Bureau of Internal Revenue
bulletins; Alcoholic Beverages, a publication of the United States
Tariff Commission; the Monthly Summary of Foreign Commerce
of the United States; and Foreign Commerce and Navigation of
the United States.
Particular attention is called to the series relating to Indicated
Consumption of Spirits for Beverage Purposes. This is the first
time such statistics have been available for general use.
The following tables present more complete statistics for the
alcoholic beverage industry than have heretofore been shown in
the SURVEY OF CURRENT BUSINESS. For the convenience of
users, a complete historical record is shown for both the new
series and the old series; all data will be presented in the regular
monthly issues of the SURVEY beginning August 1939.
Where available, significant statistics for the preprohibition
period are shown. Certain data are available for the prohibition period, but as they are of limited significance, they have
Table 2.—DISTILLED SPIRITS—WHISKY
[Tax gallons]
Production
Fiscal Year Ended June 30
79, 701,171
75, 414,813
70 673, 932
60, 606,978
71,083,421
70,633,074
86 552 651
54,502,028
70 152 175
82, 463, 894
100,647,156
98 209 574
99, 615, 828
88 698 797
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
J914
Month
1915
1916
1917
1918
44, 552, 490
59, 240, 672
57, 651, 834
17,383,511
1933
4,910,015
1933
January
February _
March
April
May
June _
July
August
September
October
November
December
1935
1936
1937
1938
18, 912, 708
12,933,229
20, 254,803
19,116, 957
17, 976, 589
15,980,344
7, 522, 248
6,842, 528
8, 349, 306
7, 873, 700
9, 867, 221
10,044,207
11,638,612
10, 254, 223
9, 885, 597
8, 244,100
7, 652, 736
4, 721, 394
3,915,165
4,217,209
4,997,031
8,119,419
10,561, 983
10, 779, 611
2 15,164,836 107, 900, 758 184, 865, 267 245, 477, 487 155,673,840
2 2, 527, 473
8, 991, 730 15, 405, 439 20, 456, 457 12, 972,820
94,987,080
938, 654
1,253,461
1,834,534
2, 589, 948
3, 755, 560
4, 792, 679
Total
Monthly average
1934
6, 567, 336
7, 210, 644
8, 871, 579
8, 553, 009
8, 671, 750
7,313,512
8 181,865
8,169,756
8,785,376
11,199,167
11,242,750
13,134,014
14, 731, 297
13, 953, 993
15, 378,045
14, 377, 255
15, 679, 352
14, 280,053
14,556,953
13, 067, 243
13, 989, 347
16,640,177
18,301,597
19, 909, 955
20, 358, 265
18, 837, 858
21, 273, 420
21.916,526
22', 169, 270
22, 638, 928
19, 940, 892
17,826,522
19,062, 665
20, 298, 364
18, 866. 862
22, 287, 328
1939
9,192, 704
8, 735,131
9, 983, 682
8, 442, 623
7, 971, 022
7, 915, 690
Tax-paid Withdrawals
Fiscal Year Ended June 30
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914_
57.117, 572
54, 948,i, 215
45.118,;,385
45,611 ,673
45, 231
49, 543!1,258
58, 703, 505
56,099, 838
62, 546,
67, 290,
72, 682,
72, 355,
76, 244,
72, 866,
._
1915
1916.
1918....
1933..
Month
63,614,609 January.
69,468,145 Februar;
ruary..
no r m o A t\\
TV fC
"U
83,591,340
March,
56, 222, 592 April
62,142, 791 May
June
I, 045, 315 July
August
September
October
November
December.
1933
|
Total
11 Monthly average
241, 776
228,158
25l,3ll
156, 693
962, 659
3, 754, 657
1934
2,828, 607
1,880,812
2, 375, 502
2,124, 869
2, 096, 952
1, 973, 968
2, 213, 843
2, 828, 427
3, 963, 274
5, 272, 290
5, 342, II91
5,522,562|
1935
1936
3, 699, 860 5, 422,474
4, 203,160 5, 686,844
4, 682,560 5, 518, 686
4, 384,182 5, 388, 834
4, 656, 292 4, 759, 614
4,012,371 4,287,362
3, 503,069 4, 558, 579
3, 753, 564 4, 278, 284
6,373,368! 5, 952, 887
7,054,298! 8,199, 806
8,236,666 9, 575, 783
7,314,387 8, 844, 757
2 5, 595, 254 38, 423, 225 j 61, 873, 7771 72, 473, 910
2 932, 542 3,201,935; 5,156,148 j 6,039,493
1937
4, 527,656|
5, 775,331
5, 829,234
5,449, 404
5,132, 539
4, 491,935
4,125, 786
4,657, 691
6, 342,612 j
8,104, 153
9,106, 745
6, 789,
1938
1939
4, 231, 269 5,007, 746
4,381,836 5,002, 562
5, 647, 553 6, 794,125
4,938,562 5, 736,729
5.110, 985 4, 878,226
5,174, 686
4,312,866!
4,225,636!
5, 836, 5391
8,172,7121
9,571,333!
7,693,251! . _
70,332,858! 69,297,228!
5, 861,0721 5,774,769
Imports
Fiscal year ended June 30
1901.
1902 .
1903
1904
1905
1906
19071908
1909
1910
1911
1912 . .
1913
1914 .
.
.
1
1
1
1
1
1
1
1
1
I
1,
706,795
789,900
930, 234
005, 805
059, 299
216, 431
499,180
437,989
552, 204
216 171
414, 693
505, 908
658 529
670, 234!
1915
1916
1917
1918
..._
Month
1, 247,160 January
1,724,058! February
1, 657,122; March
732, 606 A pril
1
1933
1934
1935
1936
May
June
July
August— _
September
October
November _ _.
December
2,840
2,469
2,873
2,474
2, 562
3, 533
4, 756
2, 878
4, 055
6 421
5, 050
706, 723
452, 807
410, 652
478, 423
283,181
266, 837
302, 574
265,867
320, 052
445 743
645 098
721,215
1, 023, 286
390, 798
444, 901
505, 214
475, 457
491, 420
431, 656
354, 728
387, 539
540 676
691 102
588,004
545, 713
1,128, 641
852, 753
902, 668
861, 933
815,051
824 630
838 759
1,165,150
887 132
1 333 536
1, 547^ 903
2, 217,1S3
TotalMonthly average
746, 634
62, 220
s 5, 624, 483
3
468, 707
5, 847, 208
487, 267
13, 375, 339
1,114,612
1937
889,018
966,4691
1,195,2741
1,119, 728!
1,082, 448!
1 064 523!
921 624i
888,6381
1,115 261 ;
1 532 749
1,631,562!
1,956 808j
1938
702,977
053, 767
878, 513
777, 048
748,131
819 911
646, 90S
555,422
818 005
1 045 770
1 ,215, 022
1 459 403
1939
570
581
706
677
729
870
097
858
871
14,364,102 i 10 ,320, 886
1,197, 009
800, 071
Stocks, End of Month
Fiscal year ended June 30
1901
1902
1903...
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
150,
164,
183,
191,
210,
223,
"42.
231,
226,
230,
246,
260,
272,
652, 833
388, 548
930, 488
320, 876
780, 753
737, 332
319, 517
940, 083
096, 519
224, 625
203,020
074, 283
504, 286
1914-.
1915..
1916..
1917
1918
1933.
Month
January
February
March
April
May
June
July
18, 442, 955 August....
September
October
November
December
M o n t h l y average
1
1933
278,108,0561
249,714,721
228, 677, 774
189, 675, 855
140,721,822|
63, 942, 932
18,824,633
19,121,738
J
20,
"" 472,
~" "004
"'
22, 695,107
24, 917, 247
25, 850, 008
2 2 1,980,123
1934
29,268,725
34,496,006
41,325,560
46, 385, 916
52, 859,196
57,717,662!
63,421,559 1
68,343,401
72,882,616
78, 471, 318
84,197, 990
91, 629, 512
1935
102,504,446
112,081,766
122,559,664
131, 658, 575
142, 639, 205
152,807,235
163, 202, 227
172, 362, 559
180, 065, 938
188, 422, 838
197, 787, 798
207,113, 534
1936
221,
233,
248,
264,
281,
300,
315,
328,
341,
352,
361,
374,
601, 628
797, 348
945, 795
446, 720
237, 229
658, 508
865, 853
792,175
453, 907
619, 055
263, 724
467,136
1937
1938
1939
388, 435, 340
394, 947, 639
408, 517, 491
421, 543, 586
434, 277, 566
445, 285, 663
448,133, 537
449,892.919
450, 961, 502
449, 919,124
449, 902, 975
452, 398, 953
459, 246, 755
464, 525, 358
467,423, 256
470, 446, 090
472,162, 343
471,159,539
470, 401,188
469,451,416
468,480,161
466, 376, 030
466,175, 753
466, 809, 071
470, 251, 437
472, 783, 469
472,142, 766
477,135, 274
479, 271, 219
60,083,288 156,100,482 302,095,757 432,851,358 467,721,413
Compiled by the 17. S. Treasury Department, Bureau of Internal Revenue, except imports, which are reported by the U. S. Tariff Commission (fiscal years 1901-33) arid
by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce (1933-39). The data provide a complete coverage of whisky distilling operations.
Imports relate to imports for consumption for the full period. Data for 1933 represent all distilled spirits, whisky not being reported separately in that year. Whisky
accounted for about 78 percent of all imports of distilled spirits in 1934, 83 percent in 1935, and 88-89 percent in 1936-38.
Data
are in tax gallons except imports, which are in proof gallons. (See footnote 4, p. 13.)
2
Total and average, 6 months, July-December.
3
Includes a small quantity of duty-free whisky from the Philippine Islands, and a small amount of special imports, free, which cannot be allocated by months.
16
SURVEY OF CURRENT BUSINESS
July 1939
Table 3.—DISTILLED SPIRITS—TOTAL ]
[Tax gallons]
1933
1934
1939
1938
1933
1934
1935
1937
1938
1939
Month |_
Production
7,966,039
8. 498,881
10, 474,899
9,717,745
9, 631,127
8,151,411
9, 093,144
9, 358,018
11,525,308
15,056,771
14,098,110
15,038,693
F u>ru-u
March.
\'>r"l__
1
iv
1,240,818!
1,652,995!
2,337,979|
3,807, 427
6,065,336
6,961,731
A ' i "iS e : U"
<V:.)h
N-)\ei
ber..
Deee: ber__
Tax-paid withdrawals
21, 930,
19,803,
22,345,
23, 276,
23,376,
24, 272,
21,732,
19, 764,
23,701
27, 632,
22, 963,
25, 209,
15,821,287!
14,757,052
16, 258,405
15, 526, 257
17,090,317
15, 503,110
15,593,300
14,153, 259
16,346,140
23, 326, 491
25,030, 513
24, 413, 713
101,508
66,901
62,111
81,979
120, 093
208,844
247,766
243,145
325, 486
266,861
1,265,822
4,384,855
20, 848. 167! 14, 623, 724 11,829,451
14, 303, 390| 12, 991, 3(i7|l(), 702, 017
22,394, 258112, 283,369113,019, 223
21,744, 619ilO, 116. 402!10, 876,120
20,176, 320 9,658,274110,743,345
18,484,
6,857, 007
9,313,
5, 692,461
8. 908,
6, 094, 706
13,869,
9, 294, 322
19,048, 438 18,922. 773
18, 533, 371 22,147, 247|
13,952, 628)16, 956, 398;
2 22,066,286 128,610,146 213,819, 844(276,009, 983 201,577,193 145,638,050!
3,442,897
2, 296,146
2,801,407
2,418,694
2,386,834
2,366,709
2,752,611
3, 430,927
4,611,381
5,968,007
6, 073, 358
6, 329, 663
4, 214, 342 6, 020,801 5,316,442 5,096,807
4, 589, 719 6,179, 364 6,800, 445 5, 367, 032
5, 218,519 6,195, 087 7, 042, 487 7, 255, 241
4,917,392 6,175, 552 6, 640, 292 6,386,415
5, 303,902 5, 666, 474 6,167,717! 6. 443, 329
4, 673, 200 5, 228, 746 5,896,595! 6, 592, 296
4, 281,144 5,813,508 5, 303, 755 5, 732, 370
4,528,419 5, 254, 678 5, 790, 478 5, 672, 304
7,023, 653 6, 931, 308 ', 920, 256 7,491,194
7,785, 218 9, 722,153 10,083,454 10,203, 488
9, 046, 746 11,570,838 11,226,176 11,745,290
8,199, 320 10,565,181 8, 484, 547 9,724,
7, 375, 371144,878, 6341 69,781, 57485, 323, 690! 86,672,644! 87,709,917 <.
2 3, 677, 714' 10,717,512 17,818,320; 23,000,832 16,798,099 12,136,504
614,614! 3,739,886
5,815,131
7,110,308;
7,222,720:
I
Imports
January
February._
March.."...
April
2,840
2, 469
2,873'
2,474:
2, 562',
3,533
4,756
2,878
V
june
July
August
September.
October
November.
December.
4, 0551
6,42V
5, 0.50;
706,723!
746, 6341 s 7, 241,258
MJ,
62,220!
av
3
7,309,160'
!
!
Stocks, end of month
502,1311 1,245.472
545, 449
9S6,990
587,653 1,012,157!
566,377
969,3011
565,914!
899, 1261
561,387!
988, 438
438,441j
990, 972
466,427 ! 1,354,256
661,543: 1, 002, 477
821,471 1. 504, 986
720, 009i 1,732,525
704, 431 j 2,500.211
620,021
582, 869
637,159
389,760
373,233!
412,535
340,620
386, 800
554, 303
784, 642
864,545
1,231,296
6, 245, 527
6, 091, 090
8, 569, 183
7, 601, 313
6,878, 190
811,853
1,026,228!
748, 320
1,079,260
990, 653
1,330,181
1,248,754
875, 998! i
1,218,926
847,065
1,194,048
927,549!.
1, 076, 840
745.451;.
1, 018, 099
640.726'.
1,246, 097 i
923,902!.
1,725,428 ! 1, 200,470,
1,808, 5041 1, 380,5471.
2, 215, 283 j 1 690,618!.
666,515
676,199
831,148
775,792
844,889
32,280, 155
37,991, 949
145,765. 00
51,403, 884
58,136, 707
J63, 065, 017
21,258,181168.871, 711
21,714,436173,841, 203
23,165, 861178, 379, 934
25, 463,833184,092, 957
27,581,927 90,054, 931
28,695.236198,028, 386
202,697 230,425,312 : 402,132,371 482,649, 533 510, 194,173
033, 750 242,830,106;408, 632, 281 489, 435, 6841513, 453,762
129, 679, 013!258, 221, 400|422, 887, 864 492,840, 474!516, 754,585
139, 036, 0701273,972, 503J437.144, 050495.992, 433)519, 157, 614
50, 476, 538!290,811, 053 450, 744,552 498, 066,767)521, 773, 086
160, 755, 3941310, 803, 839!462. 607, 980i497, 527, 755, ._
171, 094, 265 326, 300, 432:466, 023, 833j49fi, 903, 390; . .
180, 268, 331 339, 862, 690(468, 200, 9911496, 011. 5 4 7 . . 187, 729, 349 352, 451, 682j 469, 731, 4541495.162. 890:
195, 796, 467 364, 020, 914! 468, 731, 350 495, 003, 302
205, 382, 414 373, 328, 976j470,141, 196 501, 206, 629
522, 574 387, 275, 341 473, 719, 631 505, 670, 477 . . . .
7,141, 2361 15,156,9111 16,187,648 11,783,152:
603,438
595,103!
1,263,0761
1,318,971
981,929:
i2 2 4,646, 579,65,159, 378(163,664,739;312, 525, 3541450,058,129;495, 539. 240,.
- Compiled by the U. S. Treasury Department, Bureau of Internal Revenue, except imports, which are reported by the U. S. Tariff Commission (1933). and by the C S.
.Department of Commerce, Bureau of Foreign and Domestic Commerce (1934-39). The data provide a complete coverage of the industry. Production, tax-paid withdrawals
and stocks include whisky, rum, gin, brandy, and other distilled spirits, but exclude statistic relating to ethyl alcohol which
are shown on p. 38. Imports comprise spirits,
cordials, liqueurs, bitters, ethyl alcohol, and compounds containing spirits and relate to imports for consumption for the ful1 period. Data are in tax gallons, except import?,
which are in proof gallons. (See footnote 4, p. 13).
Fiscal
year totals for 1933, in tax gallons, are. Production, 7,795,160; tax-paid withdrawals, 1,102,937.
a
Total and average, 6 months. July-December.
s Includes a small quantity of duty-free distilled spirits from the Philippine Islands and from the Virgin Islands, and a small amount of special imports, free, which cannot ";>e allocated by months.
Table 4.—FERMENTED MALT LIQUORS
[Barrels]
Product i o n
Stocks End of Month
Month
1933
9
....
—-j
M itvli
1 845 OOfi
3. 077, 048
3. 286, 976
3, 539,107
3, 506, 879
2, 897, 176
2, 300, 923
1, 924. 824
2.128,917
Sept"Tnber._
<)rfob<T
NovemlMT
2
T-'fMl
593 19/|
1
5'.
193C
783,
053.
5°1
623
589
375
132
871
739
228
210
3 369 954
950 2, 935. 490
433 4, 464, 9Q4
735 4 982 167
547 5, 421, 273
033 6, 079, 612
858 6, 793, 528
596 5, 775, 762
804 5.173,065
955 4. 048, 566
218 3, 385, 666
841 3.704,939
1 16 IS
on
oiS
9
948
1939
1938
1937
2.
4.
4
4,
4,
5,
5,
3
3
3
3
2 424, 733
974 789
3 311 593
4. 566, 014
4, 860, 234
5,116, 359
4, 747, 074
3, 299, 338
3, 308. 143
2,713, 647
2, 590, 098
24 506 856 13
M^nr.hly average.
1935
1934
3 662
3, 531. 065
5, 056,
5 469 9 9 0
5, 703, 082
6, 444, 534
6, 385, 580
5, 892. 522
5, 129, 463
3, 831, 087
3,642, 946
3,511, 410
3,
5
4
5,
5
5
5
4
3
3
3
574
673,
091
967
199,
510,
134,
336,
313.
595
731.
537.
56 134 3 ' 6 58 259 560 -.) rq^
004
201
700
91 S
392
852
722
688
306
274
216
374
3
3,
4,
"4
5,
1933
193a
1934
642 388
481. 725
488, 770
636 366
650, 127
3. 839, 441
4. 240. 461
4.311,
4. 460, 033
4, 584.
4, 402.
4 769 4Q0
5. 218. 249
5 675 305
6 325 3Q7
6, 717,652
6. 908 581
6, 796,743
6, 692, 454
6 269, 010
6, 063,953
653, 703
437, 956
k
,. 810
773
5, 925. 421
6 479
- 91 q
735,
7.' 766,
7, 341,
6. 923,
6. 690,
6. 4!?6,
6. 203.
6, 204,
1937
193C
r
0 n
868
433
°»40
505
350
464
985
595
6 640 432 „
674
666, 091
6. 802, 078
332 632 8' 349 593
8 9 = 1 175 9 104 880
8,418,697 9, 408, 162
8, 659, 482 9, 591, 461
8. 507,158 9, 254, 681
8. 102,905 8, 699. 506
8, 082, 726 8, 485, 872
7, 707, 862 7 957 418
7,318, 577 7, 506, 150
6, 972, 249 7, 133. 61 n
1939
1938
_
481 967 7 4fi7
758, 932 7,774,
550 171 «. 264,
0 161
oos 8 745 op,-";
9, 590. 017 9, 086, 1 2 3
9, 660. 903
9. 189, 390
8. 539, 523 : : : : : : '
8. 242, 431
560 691
366, 686
081, 487
8'
741
3, 596, 262 4. 001 102 4, 677 860 4.854, 064 4 466. 312
3
4,
311 470
6
043, 540 6, 732, 501
7
732.
m
8, 381, 003 8, 350, 100
Tax-Paid Withdrawals
Month
Fiscal Year Ended June 30
no:
no°
l n-2
37, 47S, OOO' 1917.
47 450 000 1918
46, 655, 000 1919. . . . .
48 208 000
49, 460, 000
54, 652,000
58 546 000
58 748 000
56 303 000
59, 485, 000 . . .
63 217 000
62,109. 000
1 H4
1015
lUo
66 105 000
59, 747. 000
58. 784. 000
i '"i
I OP
l'MS
]';0i
I'M I
1933
60, 7 30, 0001 ; January.
50 1 75 000
30. 546. 000 March..
\pTil
May____
June
Julv
August
Septemb
October
NY vember
December.._
i"
1
Tot Ml
Monthly average.
2
1 617 4 9 9
2 122. 646 3,
2 537, 655 4,
9 817, 683 4
9
651 4
9 679
3
2, 044, 101 3,
1,601. 713 9
2 189, 484 2
90 666 918
!
2 2, 296,
025
86"
630,
86Q
893,
588
079
1930
1835
1934
724
160
608
064
577
716
988
601 758
537 350
2,
2,
3,
3
4,
4,
5
334
546
278,
478
037
394
996
900
617
274
098
888
730
5 355 541
3 933 136
351 511 3, 797 123
080 653 3 370 861
713 798 3, 102 808
9'
3,
3
5,
5,
6
5
4
4,
3
3,
705. 429
685 8^0
752,816
895 507
042,919
605.080
670 °63
943 831
080 490
193"
3,
3
4,
4
060
132. 601
178,788
496 5<:o
185, 562
014,
468
193!3. 072, 281'
3 947 956
4, 014. 886
r
4 1 «•} i%
4, 561. 419
r
203. 14
5' 3*6
6 91Q 490 5 747 508
131 Q95 4 497 " 8
1
1939
3. 102. 964
3 030 ffi-f
3.815,
3 9«5
5, 079, 22fv
229 631 4, 187, 389 4, 133, 558
696 759 3
357 3 773 076
870 838 3, 729, 329 3, 669, 393
40 034 Q07 45 143 0 3 ? 53, 010 015 55 7S9 193 51 401 Q4Q
321 3, 336, 242 3. 761 919 4, 417 501 4, 644, 349 4, 283, 496
' Compiled by the T\ S. Treasury Department. Bureau of Internal Berenice, and represent complete coverage of the industry. Tax-paid withdrawals for the
r\K-!0 are derived from Federal taxes collected and the fax rate.
' Total and average. 9 months, April-December.
:;
Average, 6 months, July-December.
17
SURVEY OF CUEEENT BUSINESS
July 1939
Table 5.—RECTIFIED SPIRITS AND WINES—PRODUCTION
l
[Proof gallons]
Whisky
Total
Month
1934
January
February—.
March
April..
May
June
July
August
September..
October
November..
December..
1936
1935
1, 525,189
1, 388,435
1,776, 486
2, 365, 604
2, 569, 753
3, 042, 736
1938
1939
2,549,592
2,423, 229
3, 544,941
2,959,104
3,122,264
3,311,094
2,982,677
2, 771, 668
3, 504,278
4, 479,842
5, 362, 297
4, 774,143
2, 972,657
2, 682, 828
3, 816, 529
3, 669,556
1937
2,555,276
2,415, 853
2,798,034
2,879,433
2,587,963
2,649,136
3,112,077
2,736, 724
3,376,113
4,322, 708
5,835, 360
5, 453, 526
1,379,163
1,493,012
1, 861,450
1, 789, 350
1, 958,889
1,943, 691
1,980, 659
1,961,472
2, 552, 745
3, 255, 650
3, 491, 071
3,321, 514
2, 638,271
2,923,397
3,800,392
3,518,130
3,478,899
3,115, 375
2,901,333
3,050,858
3, 909,381
5, 237, 581
5,518, 559
5,032,014
1937
1934
1935
1936
1, 290, 570
1, 747, 350
1, 837, 859
2,114, 803
895,773
1,027,352
1,310, 892
1,183,905
1,236,648
1,081,894
957,870
1, 070, 672
1, 687, 245
2, 250,060
2, 471, 603
2,412, 514
1, 898,919
1,858,421
2,045, 773
1, 787, 314
1, 662,782
1, 623, 392
1, 822, 327
1, 607, 277
2, 411,182
3, 337, 573
4,400, 347
4, 257, 212
1,769
2,236
2, 898,
2, 486,
2,363,
1, 997,
1, 821,
2,005,
2,952,
4,135,
4,571,
3,995,
1938
1,945, 880
1, 924,963
2,705,594
2,055, 257
2,233,905
2, 326,977
2,055,105
1, 879, 315
2, 709,815
3, 689, 398
4, 444, 580
3, 897, 865
2,374, 57&
2,191, 587
3,077,622
2, 800, 451
33, 233, 998
31,868,654
3 6, 990,582 17,586, 428 28,712,519
41, 785,129
40, 722, 203 45,124,190
»12, 668,203
Total
2,392,
710
2,655, 721
3
1,
747,
645
1,465,
536
2,
769,500
3, 482,094
3, 393, 517
3, 760, 349
2 2, 111, 367
2, 249,056
Monthly average
1
Compiled by the U. S. Treasury Department, Bureau of Internal Revenue. The data represent a complete coverage of the rectifying and blending industry. Total production includes whisky, gin, cordials, and liqueurs, and small quantities of alcohol, rum, brandy, wine, vermouth, cocktails, and other unclassified spirits.
23 Total and average, 6 months, July-December.
Total and average, 4 months, September-December.
Table 6.—INDICATED CONSUMPTION OF SPIRITS FOR BEVERAGE PURPOSES '
[Gallons]
Whisky
All spirits
Month
1938
1939
1934
1936
1935
4, 281, 720
4,884, 833
5, 552, 659
5, 230,918
5, 603,123
4,821,908
4,180, 457
4, 395,397
7, 341, 336
8, 526, 568
9, 538, 296
8,706,698
8,187,868
7, 711, 787
10, 771, 489
9,782,158
7,194, 597
7,159, 841
7, 202,154
6,943,139
6, 337, 865
5,918, 277
6, 231,191
6,140,815
7, 960, 601
11,002,899
13, 386,974
13,379,953
1937
6, 348, 590
8,111,015
8, 536,424
8,004,034
7, 588, 095
6, 668, 874
6, 006, 321
6, 619,080
9, 222, 580
12,008, 935
13,456, 996
11,062, 758
1938
6,114, 385
6,178, 432
8,144, 913
7,000,048
7,138, 351
7, 372, 260
6, 240, 334
5,903, 350
8, 287,195
11,346, 854
13, 358, 204
11, 434,998
1939
6,987, 935
6, 821, 790
9, 358,026
8,129,374
January
February
March
....
____
. . . .
April
May
June
7, 979, 766
July
_
-7, 465, 380
August
4,497, 747
9, 887, 305
September
12,950, 591
6,069,184
October .
..
15,
039,
312
6, 290, 037
November
13,109, 354
7,029,769
December
..
3 23, 886, 737
103,633, 702
2 66, 431, 708
73,063,913
98, 858, 306
98, 519, 324
Total
- _--2
s 5,971, 684
Monthly average
8, 238,192
8, 636,142
11,071,951
6,088, 659
8, 209,944
1
New Series. These data, which have not heretofore been available in this form, represent the total of increases or decreases due to rectification (in proof gallons), ne t
imports for consumption (in proof gallons), and tax-paid withdrawals (in tax gallons). For distilled spirits, the actual computations are as follows: Tax-paid withdrawals
of distilled spirits plus ethyl alcohol dumped for rectification minus materials dumped for rectification plus rectified spirits produced plus imports for consumption minus
exports of United States product. For whisky, the computations are: Tax-paid withdrawals minus whisky dumped for rectification plus rectified whisky produced plus
imports minus exports.
The basic data are reported by the U. S. Treasury Department, Bureau of Internal Revenue, except imports and exports, which are compiled by the U. S. Department o j
Commerce, Bureau of Foreign and Domestic Commerce.
The consumptionfiguresfor total distilled spirits are approximately complete, although they do not include (a) a small quantity of wines which are dumped by rectifiers
and blended or mixed in cordials, cocktails, etc., and (b) a small amount of ethyl alcohol consumed as a beverage. The series cannot be computed prior to July 1938 as
thefigureson ethyl alcohol dumped for rectification are not available as a separate item. For the period September 1934-December 1935 thefiguresfor whisky consumption
are subject
to a small error; the figures on exports cannot be deducted since they were not reported separately. Such exports, however, were probably insignificant.
2
3 Total and average, 6 months, July-December.
Total and average, 4 months, September-December.
Table 7.—STILL WINES x
[Wine gallons]
Month
1934
January
February
March
April
May
June
July
August
September
October
November
December
1935
657. 588
450, 674
436, 344
282, 042
279,888
319,
553, 477
4, 608, 286
25, 466, 904
37,157,289
17, 022, 691
4, 494, 049
699
403, 449
1,063,273
18, 797, 241
61,177,226
52, 859, 857
26, 215, 095
1936
5,319,
1,107,
1, 507,
707,
498,
1, 218,
1, 371,
2, 496,
38, 359,
57, 267,
15, 425,
2, 788,
1937
768,176
706,894
054, 993
751, 007
559. 906
496,896
517, 075
523, 610
603, 798
393, 091
505, 834
101,935
1938
2, 014, 229
1,132,225
952, 738
993,873
954, 027
1, 033, 933
806, 602
2, 381,904
28,197, 772
92, 432,408
73, 577, 599
24,154, 485
1939
5, 008, 161
1, 678, 255
1,026,173
1, 003,120
1934
1935
1936
1937
1938
92, 456, 827 125, 030, 221
87, 776, 955 121, 438, 953
82, 023, 283 115, 988,847
77, 268, 845 111, 746, 439
73,148. 571 107, 323, 860
!
50,168, 336 56,464, 407 8, 545, 340 68,107; 991 3 102,022, 327
64, 588, 524
97, 766, 768
61, 549, 911
94, 715, 677
99, 166, 337
87,179, 348 74, 387, 564
118,637,760
127, 065, 961
134, 224, 719 137, 223, 866
128, 046, 999
96,"814,"393" 129,092,106
1939
122,601,110
117,094,037
111,356,826.
105,775,671
289, 302, 696 162, 942, 376 128, 066, 845 225,983,215 228, 631,795
Total.
Monthly average..
214,883,783
13, 578, 531
10,672, 237 18,831,935
Fiscal year ended June 30
1901
1902
1903
1904
1905
1906..
1907
1908 .
1909
1910
1911
1912
1 Q1 O
1914
Stocks, end of month
Production
.
24,008,380
44, 743, 815
32, 634, 293
37, 538, 799
29, 369, 408
39, 847, 044
50, 079, 283
44,421, 269
53, 609, 995
50, 684,343
56, 655, 006
50,619,880
48, 683, 849
. . 44, 973, 643
For footnotes, see p. 18.
157200—39
3
1915
1916
1917
1918
1919
27, 255, 690
42, 229, 206
37, 640, 495
48, 264, 478
50, 829, 746
1933
1934
1.801,647
14, 525, 688
19,052,650
Tax-paid withdrawals
1934
Month
January
February
March
April... _ . . . .
May
June
1, 374, 079
July
1 «01,123
August
September
- 2, 305, 780
October
3,161, 000
November .
4,106, 983
5, 374, 267
December
Total
U8,123, 232
M o n t h l y average
2 3,020, 539
88, 605, 255
113, 961, 355
1935
2, 706, 670
2, 600,457
3,151,126
3, 244, 725
2, 934, 972
2, 639, 218
2, 598,445
2, 972, 338
3, 642,177
4, 557, 503
5,190, 361
6,431, 920
1936
3, 876, 463
3, 847, 772
4, 044, 473
4, 018, 385
3, 203,868
3, 090, 699
3, 604, 719
3, 527, 520
4, 787,167
6, 341, 789
7,312, 503
8, 633, 930
1937
4, 655,891
4, 444, 205
5, 645, 692
4, 777, 089
4, 283,430
4, 021, 352
3, 653, 621
3,929,812
5,192,871
6,427, 237
7,481,318
7,888, 594
1938
4, 307, 260
4,051,486
5,172,172
4, 536, 662
4,272, 647
4, 261, 902
4. 204, 908
4, 229,132
5,123, 310
6, S43, 462
7,215,243
8, 643, 936
42, 669, 912
56, 289, 288
3, 555,826
4,690,774
62, 401,112
5, 200,093
62, 862,120
5, 238, 510
1939
5, 032, 825
5,017,526
5, 883. 087
5,157,052
18
SURVEY OF CURRENT BUSINESS
July 1939
Table 7.—STILL WINES—Continued
[Wine gallons]
Imports
Month
Fiscal year ended June 30
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
3,894,574
4 454,163
4,999,555
5, 232,417
5, 354, 342
fi,058,739
7, 045, 226
7, 269, 647
7, 703, 590
9 179,461
6,963, 215
5, 372, 776
1913
1914
6, 254, 003
7,113, 433
1915 .
1916
1917
1918
5,583, 709
5,104, 336
4, 778,989
3,108,521
1933
1934
37,743
2,800, 050
1934
January
February
March
.
April
May
June
-._
July
August September
October
November
December
1936
1937
1938
483, 412
442,193
380, 088
242, 571
288,932
265,941
140, 306
125, 683
178,936
236, 468
270, 203
401, 409
207,838
170,106
180, 780
180, 392
170,366
176, 471
146,152
132,177
165,558
278, 383
316,479
368,827
201,467
195,956
204, 643
200,084
123,419
194, 298
198, 281
164,921
218,808
340, 068
368,442
723, 290
228,829
211 709
267, 604
252. 785
279,379
214, 038
216, 751
162 692
209,736
323 913
378,617
494,283
205 269
189 241
258 054
224 972
198, 543
193 613
148,509
145 457
181 202
321 690
406 000
476,129
3, 456,142
2,493, 529
3,133, 677
3, 240, 336
2,946, 679
288, 012
207, 794
261,140
270, 028
245, 557
. _.
_
Total
1935
M o n t h l y average
1939
246 728
194 400
91 509
310 231
228,610
9
1
New series. Data on production, stocks, and tax-paid withdrawals, 1934-39, are compiled by the U. S. Treasury Department, Bureau of Internal Revenue, and
represent complete coverage of the industry. Production represents the amount removed from fennenters, including wine removed for use as distilling material in the production of brandy. Wine removed as distilling material accounts for over two-thirds of total output.
Available fiscal year data not shown above are in wine gallons: Production, 1933, 18,755,652; 1934, 77,778,388. Stocks, end of fiscal year 1933, 25,541,4S6.
Data shown under tax-paid withdrawals for the fiscal years 1901-19 are reported by the U. S. Tariff Commission and represent indicated domestic consumption. The
data include sparkling wines, which were not segregated during this period.
Import data are reported by the U. S. Tariff Commission (fiscal years 1901 to 1933) and by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce
(1934-39). They represent imports for consumption for the full period.
2 Total and average, 6 months, July-December.
5
Revised since publication of the Annual Report of the Commissioner of Internal Revenue.
Table 8.—SPARKLING WINES x
[Wine gallons]
Stocks, end of month
Production
Month
1935
1934
Januarv
Februarv
765
591
567
939
563
321
17, 766
21,915
13,443
18, 818
37,228
98,005
20, 201
23, 228
23, 666
34, 474
38,911
55, 767
30, 570
17, 640
25. 516
64, 849
85, 679
60, 627
18, 111
14, 765
14, 675
59, 063
43,178
39, 842
2 188, 746
328, 613
403,422
474, 515
2 31,458
27, 384
33, 619
39, 543
M"aroh
April
June
July
August
September
October
November
December
Total
_.
Monthly average.. _
1937
1938
36,070
5,481
6,395
12, 602
29, 300
32, 089
23, 630
26, 854
59, 684
32, 620
24, 540
39, 348
24,
24,
42,
13,
35,
47,
1939
1938
1934
1935
1936
14,977
9,195
25, 338
43, 456
30,566
23, 945
40, 203
97, 463
73,S75
33, 325
8,684
23, 496
18 305
18, 248
26, 393
36, 886
431, 389
450, 772
463, 678
539,089
536, 008
395, 219
35, 949
1937
1938
449, 255
450, 588
455, 260
497,388
556. 579
582,432
580, 827
574, 722
558, 059
566, 696
545. 605
4S8, 227
490, 030
490,114
517, 418
603, 052
658, 376
662,439
655, 555
664, 385
658,519
635, 717
607, 914
553, 651
525, 470
599, 764
1939
548, 290
546,013
557, 686
586, 763
Tax-paid withdrawals
1934
January
February
M^arch
April
May
June
July
August
September
October
November
December
Total
-- -_
-
- -
-
-
.
-- -- - -- --
- -
--
-
-
Monthly average
- -
10,191
14,916
17, 497
24,803
48,132
73,143
2188, 682
2
31, 447
1935
1936
1937
1938
10,020
10, 235
10, 777
12,137
15, 038
16, 883
14, 260
15, 329
17, 839
25, 736
42, 510
81,027
271, 791
18, 230
11, 595
13,835
16, 527
16,034
17,052
19, 061
16, 949
27, 832
41, 364
64, 071
97, 526
360, 076
24, 263
15,229
18, 338
19, 929
24, 580
26,169
19,219
19, 73 S
28,18S
47, 803
61. 79S
78, 769
384,023
23,090
22,889
12 225
11 743
17, 087
18 621
13,510
14,187
22 769
39 587
53 585
78, 365
327, 658
22, 649
30,006
32, 002
27, 305
1939
16,009
11, 295
12 778
12 917
Imports
Fiscal Year ended June 30
1902..
1903..
1904-.
1905-.
1906-.
1907..
1908-.
1909..
1910-.
1911..
1912-.
1914..
885, 543
992, 364
1, 085, 262
1,008,120
1, 071, 273
1,124, 946
1, 245, 525
1,001, 430
1, 068, 422
1, 302, 828
674, 967
834, 681
854, 610
789, 918
1915
1916
1917
1918
1933.
1934..
Month
January...
February.
March
April
May
2,307
JuneJuly....
349, 749
August..
September.
October
i November.
December..
Total
420,
582,
618,
371,
540
645
237
544
Monthly average
1934
1935
1936
1937
50, 777
44, 628
37, 444
21, 777
20, 580
23, 407
13, 254
11,937
17,106
30, 967
41, 345
79, 275
392, 497
20, 393
14,167
11,563
12, 113
16,101
19,105
12, 434
12, 544
20, 038
29, 668
39, 557
69, 604
277, 287
20,275
13, 830
11, 732
15,164
7,390
30, 031
30, 629
23, 072
38,049
55,189
101, 241
155, 697
502, 299
26. 324
18,157
25, 796
26, 605
26,103
41.514
32, 489
35, 20S
38,771
61,479 !
78, 217
166,195
576,858
32, 708
23,107
41, 858
48.072
1938
22,090
20, 039
18,913
18, 871
23, 409
27, 389
18,181
16, 406
35, 461
60, 450
83, 418
138, 051
482, 678
1939
22, 881
18,615
21,581
25, 869
36, 858
40, 223
1 New series. Data are compiled by the U. S. Treasury Department, Bureau of Internal Revenue, except imports, which are reported by the U. S. Department of Cornmerce, Bureau of Foreign and Domestic Commerce. The statistics provide a complete coverage of the industry. All figures except imports are reported in taxable units of varying sizes. Data shown above are converted to an average wine gallon on the basis of 20 taxable units per wine gallon. Imports for the fiscal years 1901-18 are also reported in
taxable units and are converted on the basis of 2.4 wine gallons per case of 12 quarts. The two methods yield practically the same results. For the calendar years 1934-39,
imports are reported on the basis of wine gallons. For the full period, imports represent imports for consumption.
Available fiscal year totals not shown above, are, in wine gallons: Production, 1933, 28,655; 1934, 532,874. Stocks, end of fiscal year 1933, 262,519. Tax-paid withdrawals,
1933, 4,683; 1934, 284,423.
2 Total and average, 6 months, July-December.
19
SURVEY OF CURRENT BUSINESS
July 1939
Monthly Business Statistics
The data here are a continuation of the statistical series published in the 1938 Supplement to the Survey of
Current Business. That volume contains monthly data for the years 1934 to 1937, inclusive, and monthly averages for earlier years back to 1913 insofar as available; it also provides a description of each series, and references
to sources of monthly figures prior to 1934. The 1938 supplement may be secured from the Superintendent of
Documents, Government Printing Office, Washington, D. C , for 40 cents per copy.
A few series have been added or revised since the 1938 Supplement went to press. These are indicated by
an asterisk (*) for the new series and by a dagger (f) for the revised series. A brief footnote accompanying each
of these series provides a reference to the source where the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variations. Data subsequent to May will be found in the Weekly Supplement to the SURVEY.
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
1939
May
1939
1938
May
June
July
August
September
DecemOctober November
ber
January
February
March
April
BUSINESS INDEXES
INCOME PAYMENTS!
Adjusted index
1929=100Unadjusted index
do
Total
...mil. of doL.
Compensation of employees:
Adjusted index.
1929 = 100Total
mil. of dol
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 d o l Direct and other relief
_
..do.._
Benefit payments under social Security Act
mil. of dol_.
INDUSTRIAL PRODUCTION
82.2
79.1
5,178
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
'84.2
'84.3
' 5, 521
82.6
83.0
' 5, 438
82.9
3,609
1,126
377
642
1,285
178
435
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
82.5
3,570
1,102
374
632
1,265
197
83.1
3,675
1,137
386
641
1,305
206
739
84.6
3,675
1,145
377
646
1,298
209
450
86.2
3,718
1,166
378
683
1,288
203
1,079
85.4
3, 580
1,125
373
639
1,250
193
779
85.1
3,575
1,146
363
631
1, 247
188
420
'85.0
' 3, 624
1,160
381
637
1,254
'192
735
83.3
' 3, 590
' 1,123
'372
'644
' 1, 266
' 185
720
993
90
992
85
993
1,025
86
1,015
85
1,067
84
1,108
84
1,055
85
1,030
92
1,014
95
957
1,004
990
94
47
49
48
55
52
45
37
36
39
44
(Federal Reserve)
99
100
'95
77
77
'100
97
91
81
Combined index, unadjusted
1923-25=100.
104
75
100
'99
79
75
96
89
95
Manufactures, unadjusted
do...
103
52
105
45
105
26
59
106
63
117
Automobiles
do—
115
86
87
86
32
48
65
42
64
79
91
Cement
• do
83
72
69
107
133
147
47
138
91
155
153
Glass, plate
do...
155
46
'57
75
'92
'91
51
93
89
88
88
Iron and steel
do...
'100
87
102
119
126
115
121
104
97
125
112
Leather and products
do...
111
102
199
206
202
205
203
192
201
202
197
199
209
208
Petroleum refiningf
.
do
81
95
109
110
90
70
102
114
104
64
112
99
100
Rubber tires and tubesf
do...
79
90
101
80
77
92
84
82
83
81
101
94
104
Slaughtering and meat packing
do...
90
104
114
83
103
P104
115
112
77
103
100
111
Textiles
do...
116
167
177
157
172
172
147
158
165
169
151
161
Tobacco manufactures
do...
145
167
••93
102
105
105
97
102
91
90
88
106
103
Minerals, unadjusted
do...
105
39
50
38
62
64
74
'83
63
66
50
65
Anthracite
„.- .
do
58
55
76
P40
62
51
49
83
83
77
26
79
82
Bituminous coal
do...
86
78
78
67
76
0
28
0
0
86
82
0
Iron-ore shipments
.__do._.
35
0
52
48
65
44
59
71
Lead.
do___
75
70
70
52
69
58
165
163
170
177
164
166
174
156
Petroleum, crude
do._.
158
171
163
163
164
84
97
104
108
89
102
101
94
Silver
do...
86
86
55
64
71
90
68
94
94
93
78
96
Zinc...
—
do...
88
83
91
*> 9 2
76
77
92
101
' 99
96
104
Combined index, adjusted
.
do...
103
82
87
74
73
92
100
95
104
Manufactures, adjusted
do...
103
43
45
46
49
91
105
87
84
99
Automobiles
_
do...
96
71
67
69
69
90
69
81
80
82
Cement
„
do...
84
77
89
80
44
131
107
147
133
83
155
153
Glass, plate
do...
155
62
73
70
46
47
'75
94
87
83
79
90
'101
Iron and steel
do...
' 108
103
109
91
105
103
124
124
121
114
101
123
Leather and products
do
107
200
203
206
198
205
201
202
193
199
208
201
208
Petroleum reflningt
do...
81
90
102
95
64
110
109
114
70
104
99
112
100
Rubber tires and tubesf
do...
83
89
94
98
84
81
87
83
89
90
95
86
Slaughtering and meat packing
do
94
97
110
103
77
87
109
109
110
97
100
117
Textiles
do
112
154
161
160
165
154
162
164
163
150
179
164
Tobacco manufactures
do...
164
93
95
97
110
92
110
110
91
'95
'98
109
Minerals, adjusted
do
102
47
38
50
71
64
69
61
'80
49
66
Anthracite
_
do—.
61
57
60
64
71
J-46
57
57
79
72
Bituminous coal
do
75
77
78
31
'
7
6
38
37
41
34
55
19
0
Iron-ore shipments—
.do
0
50
0
0
0
42
54
46
50
64
60
Lead
do...
50
73
71
69
57
70
66
161
167
158
156
1G9
153
Petroleum, crude
do
173
161
171
174
169
165
99
105
102
92
100
91
Silver.
do...
102
85
86
51
86
101
74
75
79
70
80
94
Zinc.
do...
89
87
91
90
MARKETINGS
Agricultural products (quantity):
81
77
Combined index..
1923-25=10092
92
73
131
68
65
117
76
99
93
Animal products
do
89
85
90
78
81
89
83
81
135
134
Dairy products
do
136
156
153
104
114
137
91
103
87
72
66
Livestock
do
60
62
72
65
85
75
67
62
78
145
79
119
Poultry and eggs
_
do
73
102
76
68
116
104
116
123
Wool—
_
..do
193
139
487
333
303
76
68
45
160
317
77
Crops..
do
63
174
56
61
71
57
152
108
96
100
50
Cotton
do
23
267
19
22
78
35
154
61
19
22
235
Fruits
do
92
113
77
88
85
93
79
80
81
95
90
80
128
72
Grains.do
62
50
85
205
68
50
155
110
Vegetables
_
do
61
117
109
67
63
116
46
87
107
'Revised.
* Preliminary.
fRevised
series. Petroleum refining, unadjusted and adjusted, revised beginning 1934; revisions not given on p. 59 of the February 1939 issue will appear in a subsequent
Survey. Rubber tires and tubes, unadjusted and adjusted, revised beginning 1936; revisions not given on p. 19 of the April 1939 issue will appear in a subsequent issue. For
http://fraser.stlouisfed.org/
revised income payments beginning 1929, see pp. 15-20 of the October 1938 Survey.
Federal Reserve Bank of St. Louis
20
SURVEY OF CURRENT BUSINESS
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
1939
Julv 1939
1938
May
June
May
July
August
1939
September
DecemOctober November
ber
January
February
March
April
BUSINESS INDEXES—Continued
MARKETINGS—Continued
Agricultural products, cash income from farm
marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100.Adiusted
-do
Crops
do
Livestock and products
do
Dairy products
_ _ - -do
Meat animals
do
60.0
65.0
49.0
82.0
76.5
83.5
80.0
60.5
67.5
58.0
77.5
84.5
71.5
75.5
61.0
72.0
66.5
77.0
80.5
76.5
76.0
72.0
82.5
86.5
78.5
82.0
80.0
75.0
72.5
72.0
63.0
81.0
84.5
82.0
196
240
315
185
202
102
94
99
203
259
318
192
199
107
92
103
221
287
316
184
218
115
102
129
75.5
85.0
72.5
61.0
84.5
86.5
87.0
75.5
91.5
67.5
55.5
80.0
86.0
77.5
77.5
78.0
69.5
55.5
84.0
85.5
83.5
83.5
72.5
68.0
55.0
82.0
89.5
78.0
81.0
68.5
67.5
55.5
80.0
88.5
79.0
67.0
51.0
60.0
44.5
76.5
85.5
77.5
56 5
57.5
64 0
49.5
79.5
80 0
84.0
71 5
222
281
308
168
221
118
104
146
207
241
300
172
195
119
105
163
201
217
294
179
199
126
105
169
192
202
284
172
188
129
102
169
189
201
255
164
192
127
105
167
186
202
268
144
184
132
111
162
183
204
258
120
187
126
126
151
181
201
248
111
191
118
127
151
55.0
64 5
51.5
78.0
76 0
75.0
70 0
WORLD STOCKS t
Combined index (quantity)
Cotton adjusted
Rubber, adjusted
-Silk, adjusted
Sugar, adjusted
Tea, adjusted
Tin unadjusted
Wheat, adjusted
._ .1923-25=100.do__
do
do
- -do__
do
- __do
do
211
84
119
205
240
101
11C
128
162
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined index.
1923=100.
Clothing.
do...
Food—
do...
Fuel and light
do...
Housing
do_._
Sundries
do...
PRICES RECEIVED BY FARMERS!
84.8
72.1
78.1
84.0
86.2
96.6
86.5
74.5
80.8
83.7
87.0
97.6
86.7
73.9
81.9
83.7
86.7
97.5
86.5
73.5
81.7
84.1
86.6
97.4
85.9
73.4
80.1
84.4
86.6
96.9
85.9
73.3
80.4
85.0
86.6
96.8
85.8
73.2
79.8
85.6
86.6
96.8
85.6
73.2
79.5
85.9
86.4
85.8
73.0
80.3
86.0
86.2
96.8
85.4
72.7
79.2
85.9
86.2
85.1
72.4
78.4
85.9
86.1
96.7
84.9
72.3
78.0
85.8
86.1
96.7
90
85
72
92
85
72
112
110
92
98
71
103
77
79
111
88
82
92
73
77
116
92
84
95
103
71
101
79
72
123
99
87
02
105
69
102
78
62
115
92
95
118
69
104
75
63
117
107
95
124
72
107
70
60
111
107
107
94
131
73
109
71
60
111
102
95
127
70
112
73
63
109
108
108
94
97
71
109
76
66
112
96
109
92
91
70
107
78
66
116
108
92
91
88
71
100
81
66
116
114
83
79.1
75.7
i.4
80.2
80.0
78.4
78.4
88.0
78.7
78.1
77.8
77.5
76.8
89.5
89.2
89.0
89.0
89.0
89.0
89.1
89.1
97.0
96.9
89.4
89.3
91.9
84.9
96.8
88.9
89.0
91.5
84.8
96.6
89.0
89.4
91.3
84.5
96.5
88.7
89.4
91.1
84.5
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
89.0
90.5
84.3
90.5
84.3
88.4
88.8
90.5
84.3
(17. S. Department of Agriculture)
Combined index
Chickens and eggs
Cotton and cottonseed
Dairy products
Fruits
Grains
Meat animals
Truck crops
Miscellaneous
1909-14=100.
do...
do...
do...
do...
do...
do...
do.._
do...
RETAIL PRICES
U. S. Department of Labor indexes:
Coal:
Anthracite
1923-25=100.
Bituminous
do...
Fooddo...
Fairchild's index:
Combined index
Dec. 31,1930=100.
Apparel:
Infants'
do...
Men's
do—
Women's
do—
Home furnishings
do...
Piece goods
do—
89.1
88.4
88.8
90.5
84.1
92.7
84.9
81.8
89.3
80.8
89.4
89.1
96.2
WHOLESALE PRICES
U. B. Department of Labor indexes:
Combined index (813 quotations).. 1926 =100..
Economic classes:
Finished products
do
Raw materials
do
Semimanufactures
do
Farm products
.do—
Grains
_
do
Livestock and poultry
do
Foods.
do
Dairy products
do
Fruits and vegetables
do
Meats..
...do
Commodities other than farm products and
foods
....1926=100.
Building materials
do
Brick and tile
do.
Cementf
do.
Lumber...
do
Chemicals and drugs
do
Chemicals
do.
Drugs and Pharmaceuticals
do.
Fertilizer materials
.do.
76.2
78.1
78.3
78.8
78.1
78.3
77.6
77.5
77.0
76.9
76.9
76.7
79.9
68.9
74.3
63.7
59.6
73.2
68.2
58.6
63.8
78.6
82.1
70.7
75.4
67.5
62.3
77.9
72.1
69.1
58.7
82.1
82.2
71.4
74.1
68.7
62.7
80.2
73.1
68.5
61.7
84.5
82.5
72.3
74.3
69.4
58.3
84.4
74.3
69.5
56.4
89.7
81.8
71.4
74.4
67.3
53.4
80.6
73.0
68.8
57.3
86.0
81.8
72.0
74.7
68.1
53.0
81.0
74.5
71.1
55.5
87.3
81.1
70.9
75.9
66.8
50.8
76.2
73.5
71.6
57.5
83.3
80.5
71.5
76.2
67.8
50.9
75.2
74.1
72.5
63.0
81.9
80.2
70.9
75.2
67.6
54.4
74.4
73.1
73.9
60.4
80.0
70.9
74.9
67.2
56.3
78.0
71.5
71.8
60.9
81.6
80.2
70.9
74.4
67.2
54.7
79.2
71.5
71.6
62.1
83.2
80.2
70.1
74.6
65.8
54.5
78.2
70.2
64.8
63.2
82.5
80.6
89.5
91.7
91.5
91.2
75.9
79.4
71.9
69.7
81.6
90.4
90.5
90.1
89.3
76.8
81.2
72.8
81.3
89.7
90.6
89.9
88.7
76.3
80.6
71.9
69.5
81.4
89.2
90.7
91.0
88.8
77.7
81.7
74.8
66.9
81.4
89.4
90.6
91.0
90.2
77.7
81.4
74.8
67.3
81.3
81.1
80.6
80.3
80.2
80.2
80.4
89.5
89.8
89.2
89.4
89.5
89.6
89.8
90.9
91.1
91.5
91.5
92.4
92.5
92.4
90.7
90.7
90.6
90.6
90.6
91.5
91.2
90.4
90.3
90.2
90.9
91.7
92.1
92.6
77.3
77.1
76.6
76.7
76.7
76.5
76.3
81.0
80.5
80.2
80.0
79.7
79.9
79.4
74.8
74.9
73.6
73.5
73.0
72.2
72.7
67.2
67.5
67.7
70.2
69.7
69.3
t Revised series. Combined index of world stocks revised beginning January 1920; see table 5, p. 17 of the January 1939 Survey. For subsequent 1938 revisions in the
combined index and in the rubber index, see p . 20 of the June 1939 issue. Cement price index revised beginning 1926, and data not shown on p 20 of the May 1939 Survey
will appear in a subsequent issue; the building materials group and the combined index of all commodities have not been revised, as the effect of the change in cement Fprices
on these indexes is small.
§ Data for June 15,1939: Total 89, chickens and eggs 83, cotton and cottonseed 73, dairy products 94, fruits 93, grains 73, meat animals 107, truck crops 109, miscellaneous 81
21
SURVEY OF CURRENT BUSINESS
July 1939
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
1939
May
1939
1938
May
June
July
SepDecemOctober NovemAugust tember
ber
ber
January
February
March
April
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Contd.
Commodities other than farm products and
foods—Continued.
Fuel and lighting materials
1926=100..
Electricity
.
do
Gas
do
Petroleum products
do
Hides and leather products _
.do .
Shoes .
do
Hides and skins
do
Leather
do
House-furnishing goods
do
Furniture
_ _do
Furnishings
do .
Metals and metal products
do _
Iron and steel
do
Metals, nonferrous ._ .
do _
Plumbing and heating equipment
1926=100..
Textile products .
do_.
Clothing.
_
do
Cotton goods
_.
Hosiery and underwear
do *.
do
Silk and rayon _
_.
_ do.
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
do
Paper and pulp
do
World prices, foodstuffs and raw materials:
Combined indexf
1923-25=100..
Cotton__
__ _
. do
Rubber «.
do
Silk
do ._.
Sugarf
do
Tea
do ._
Tin
do
Wheat. .__
do . . .
Wholesale prices, actual. (See under respective commodities.)
76.4
85.0
90.4
56.3
90.1
101.8
62.3
81.6
87.1
83.5
90.7
96.1
100.9
67.2
76.8
84.7
91 0
56.8
91.5
101.2
70.8
82.5
86.4
82.2
90.5
95.2
97.2
71.8
76.8
81.6
88.1
56.7
91.9
100.8
75.6
82.1
86.4
82.2
90.5
95.4
97.3
72.9
76.6
81.8
88.7
56.4
92.0
100.8
75.7
82.4
86.2
82.1
90.2
95.5
97.3
73.5
75.4
81.8
87.1
53.8
93.4
100.3
82.1
84.6
85.7
82.1
89 3
95.3
96.9
76.2
73.7
81.8
84 6
51.5
94.6
100.4
85.5
86.9
85.8
81.9
89 7
94.9
96.9
77.6
73.2
82.7
81.6
50.9
93.1
100.6
78.8
85.9
86.0
81.6
90.3
94.6
96.8
76.8
72.8
73.0
73.1
73.4
52.5
91.6
101.3
72.1
83.1
85.5
81.0
89.8
93.5
95.7
73.1
76.2
86.4
88.3
56.4
91.3
102.5
63.4
82.1
87.2
83.6
90.8
96.7
101.8
68.8
82.2
50.4
93.1
101.2
78.4
85.0
85.4
80.5
90.1
94.4
96.4
76.7
81.8
50.7
91.9
101.1
72.8
84.2
85.2
80.5
89.8
94.3
96.1
76.5
82.2
50.9
91.8
101.2
73.8
82.7
85.2
80.5
89.7
94.3
96.1
76.6
51.9
90.9
101.2
68.3
82.8
85.4
81.0
89.6
94.0
96.1
74.7
79.3
67.5
81.7
63.3
60.2
40.7
75.4
74.2
60.5
80.4
77.2
66.1
82.2
65.0
60.5
28.4
76.0
73.1
57.4
86.9
77.2
65.5
82.2
63.9
59.7
27.6
75.6
72.9
57.4
85.5
79.5
66.1
81.7
65.1
59.8
29.9
75.9
72.7
57.4
82.8
79.2
65.9
81.7
64.4
59.8
29.2
76.3
72.4
57.4
82.4
78.5
65.8
81.6
64.1
59.9
29.5
76.3
72 4
57.4
81 9
78.5
66.2
81.6
64.6
59.9
30.9
76.3
72 6
57.4
81.7
78.7
66.2
81.6
65.1
59.9
30.3
76.4
73.0
58.8
81.5
78.7
65.8
81.6
64.6
59.3
30.8
74.8
73.1
58.8
80.9
78.7
65.9
81.5
64.3
59.1
32.1
74.5
73.2
58.8
81.0
79.2
66.1
81.5
63.7
58.8
34.7
74.7
73.5
59.7
81.1
79.3
66.6
81.5
63.7
59.9
36.1
75.1
74.1
60.5
81.3
79.3
66.9
81.6
63.4
60.2
37.8
75.2
74.4
60.5
81.1
41.3
35.3
37.6
37.6
40.5
68.9
97.5
40.4
38.8
30.9
27.1
22.4
26.2
75.3
73.3
62.9
39.6
30.9
29.4
22.5
27.1
70.9
80.3
64.0
41.2
32.7
36.0
25.3
28.2
70.5
86.3
62.4
39.1
30.9
37.7
24.3
28.1
76.3
86.1
53.9
38.3
29.8
37.8
25.2
28 9
78.4
86 3
50 2
37.8
31.6
39 6
25.9
26 8
72.9
90 0
46 7
37.5
33.5
38 0
25.2
28 8
66.0
92 0
42.3
36.5
32.0
37.6
25.3
30.4
67.2
91.9
38.1
37.2
32.7
36.9
26.5
31.3
66.7
92.3
39.3
37.8
33.1
37.3
29.5
30 9
67.0
90 8
41.1
37.3
33.1
38.1
31.0
31.9
66.6
91.9
36.8
132.1
130.7
163.4
119.9
128.9
126.4
159.7
117.5
128.6
124.7
159.7
117.2
127.8
125.0
154.8
117.5
128.9
127.6
159.7
118.3
128.6
127.1
154.8
118.3
129.8
128 0
154.8
118.5
129.9
128 5
156.5
118.8
130.8
127.2
153.1
118.5
130.9
129 0
156.5
119.0
130.9
130 2
159.7
119.5
131.3
130 9
161.6
119.8
73.9
r
38.4
32.4
37.2
33.4
35.2
69.6
93.9
38.5
PURCHASING POWER OF THE
DOLLAR
Wholesale prices..
Retail food prices
Prices received by farmers
Cost of living
1923-25=100..
do
_-.do
do
_.
132.1
130 5
165.3
119.6
CONSTRUCTION AND REAL. ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
65
61
63
79
Total, unadjusted
1923-25=100..
85
77
78
63
70
'76
49
44
46
52
56
Residential, unadjusted..
_
do
54
48
56
58
45
51
'68
59
51
54
v 61
66
Total, adjusted
„_
do
96
96
78
69
86
82
••67
73
49
37
42
53
Residential, adjusted—
_
__do
56
57
» 55
56
55
55
'58
57
58
F. W. Dodge Corporation (37 States):f
23. 244 17, 465 18,194 17, 648 18, 770 16, 926 19, 664 17, 772 16,027
Total projects
number.
13, 281 13, 015 20, 233 22, 282
Total valuation
.thous. of dol. 308, 487 283,156 251,006 239,799 313,141 300,900 357, 698 301, 679 389,439 251, 673 220,197 300, 661 330, 030
Public ownership.
_
.do... 134, 757 143, 700 107,777 97, 838 171, 099 160,125 203, 359 178,948 279, 403 147, 916 110, 975 127, 776 159,656
Private ownership
«,
d o . . . 173,730 139,456 143, 229 141, 961 142, 042 140,775 154, 339 122, 731 110,036 103, 757 109, 220 172, 885 170, 374
Nonresidential buildings:
3,188
3,499
3,268
3,416
3,457
Projects
number.
3,363
3,594
3,585
3,495
2,348
3,592
2,456
3,400
Floor area
thous. of sq. ft.. 12,700
15, 599 23, 223 21, 515 25, 503 14, 351 12, 783 17,944
13, 787 14,429 11, 579 14,744
16, 563
Valuation
thous. of dol
76, 749 77, 771 81,803 72,563 87, 316 91,997 131,020 116,008 139, 513 84,999
69,544 97, 786 94, 656
Residential buildings, all types:
12,757
13,488 11, 600 13,907 12, 515 10, 413
Projects
number.. 18,262 12, 209 12,673
9,750
15,438
17, 387
Floor area
_
thous. of sq. ft
32, 602 20, 550 21,275 21,579 23, 574 21, 781 27,177 23, 405 22, 720 19,981
19,176 30, 725 28, 382
Valuation
__
thous. of dol__ 133, 818 83,153 85, 682 87,978 99, 732 99,574 112, 673 95, 253 91, 539 80,163
79,020 125, 225 114,405
Public utilities:
151
274
195
213
251
Projects
number..
335
330
288
259
258
500
273
323
13,431 37,980 26,167 21,176
Valuation
_
thous. of dol__ 21, 779 43,699
19,726 44, 312 29, 509 18, 518 19, 640 35, 336
Public works:
1,552
1,775
1,827
1,592
Projects
number..
1,274
1,342
1,619
1,828
1,675
944
817
1,172
725
74, 832 65,827 88,113 83,162 92, 829 70, 692 114,075 57,002
78,533
Valuation
_
thous. of dol.. 76,141
53,115
58, 010 85, 633
Building permits issued in 1,790 cities:f
63,016 62, 382 57, 652 65,492 64, 203 69,615 53,615 38,247 38,902
Total buildings
number..
37, 721 62, 303 62, 775
123, 732 143, 394 163,186 159, 455 158,492 164, 244 148,480 147, 791 156, 704 149, 572 177, 903 165,978
Total estimated cost
thous. of dol..
New residential:
14,214 16,106
14, 308 14,995
Buildings
number..
15,058
11, 652 11,476
15, 761 14,121 11,059
18, 635 17, 697
65, 111 72,056 90,722 88,117 85,079
Estimated cost
thous. of dol._
78,394 74,053 62, 767 70, 768 85, 719 94, 374 87, 441
New nonresidential:
9,570 11, 699 12,003
10, 787 10,635
Buildings
number..
6,961
6,449
13,011
10,459
5,690 10,496 11, 520
Estimated cost
thous. of dol..
31, 529 43, 335 45, 309 43, 313 47,180 56, 310 51, 660 63,115
61, 399 37, 730 52, 886 44, 830
Additions, alterations, and repairs:
37,921
36, 752 33,868 37, 687 37,142 40,843 29,035
Buildings
number..
20,227 20,801
20, 555 33,172 36, 558
27,092 28,003 27,155 28,025 26, 233 29, 540 22, 767 21,909
Estimated cost
thous. of dol..
24,537 26,123 30, 643 33, 706
' Revised.
p Preliminary.
fRevised series. Data on world prices revised beginning 1920; see table 4, p. 17, of the January 1939 issue. Construction contracts awarded have been revised for the
period 1925-36, and will be shown in a subsequent issue of the Survey. The revision was occasioned by the reclassification of certain items in the nonresidential, public works,
and public utilities groups. The 1937 figures shown on p. 24 of the May 1938 issue and 1938 data given in that and in subsequent issues had previously been revised to the
new basis. See also the appropriate note in the 1938 Supplement. The data on building permits are based on reports from 1,790 identical cities having populations of 2,500
or more, and supersede those shown in the Survey through the issue of May 1939 which were for 1,728 cities in the same size group. The present series include data for 62
additional cities, but the total estimated cost of permits issued was increased by only 0.2 percent in 1937. Data beginning January 1936 will appear in a subsequent issue of
the Survey.
22
SURVEY OF CURRENT BUSINESS
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
1939
May
July 1939
1938
May
June
July
August
1939
September
DecemOctober November
ber
January
February
March
April
CONSTRUCTION AND REAL ESTATE—Continued
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED—Con.
Estimated number of new dwelling units provided in all urban areas:!
Total
_ number
1-family dwellings
__ _ __
do 2-family dwellings
do
Multifamily dwellings
_
_.
do
Engineering construction:
Contract awards (E. N. R.)1--thous. of dol__ 252, 992
25, 963
15, 384
1,056
9,523
25, 818
17, 262
1,416
7,140
25, 684
16,115
1,168
8,401
23,648
16,857
1,290
5,501
22,064
14, 781
1,042
6,241
18,355
11,517
796
6,042
22,167
13, 306
1,196
7,665
26,149
12, 305
1,210
12, 634
28, 547
19, 309
1,388
7,850
183, 806
223,066
223,333
236, 271
289,725
235,898
217,023
339, 250
311, 693
203,843
285, 566
240, 735
5,306
4,543
763
8,432
6,201
2,231
5,194
3,511
1,682
7,247
4,548
2,699
5,064
3,213
1,851
4,671
2,871
1,800
4,583
2,001
2,582
4,270
2,765
1,505
3,190
2,085
1,105
1,245
686
560
2,143
860
1,283
3,385
2 081
1,304
5,011
51,158
5,002
51,299
4,728
53,137
4,109
48, 958
3,463
43, 373
3,337
38,572
3,122
36, 231
3,390
37, 677
3,306
36,294
3,177
35,968
3,081
34,969
3,081
35, 600
8,031
129,160
236,044
8,991
135,164
254, 869
9,278
134,900
257,078
9,521
135,158
260, 494
9,418
133, 337
256,592
8,872
130,841
252,852
7,968
120,453
234, 256
7,514
113,828
221, 530
7,540
113, 466
218, 965
7,721
114,185
221,046
7,855
115,212
222, 630
8,301
120, 505
232, 772
10,690
11,674
12,090
12,782
12, 836
13,676
11,416
12,136
12, 561
13, 370
12,112
12,877
13,930
15,159
12, 794
13,867
13, 572
14, 587
13, 613
14, 285
12, 906
13, 374
12,107
12, 529
45,162
46, 755
42,452
43,594
41,031
42,058
40,399
41, 298
37, 676
38, 567
35,451
36,387
35,883
36,808
35, 023
36, 026
36, 440
37,932
37, 930
39, 777
38,817
40, 747
40, 654
42, 654
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
4,458
Total
thous. sq. yd__
2,179
Roads
do
2,280
Streets and alleysd*
.
do
Status of highway and grade crossing projects
administered by the U. S. Bureau of Public
Roads:
Highways:
Approved for construction:
3,615
Mileage
no. of miles
Federal funds
thous. of dol._ 40, 769
Under construction:
8,463
Mileage
..
__ .no. of miles
Federal funds
.
thous. of dol._ 122, 758
238, 637
Estimated cost
do
Grade crossings:
Approved for construction:
10, 224
Federal funds _.
do __
10, 583
Estimated cost
do
Under construction:
43, 771
Federal funds
do
45, 723
Estimated cost__
do
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
American Appraisal Co.:
Average, 30 cities . .
Atlanta
New York
San Francisco
St. Louis
Associated General Contractors (all
192
1914=100.
1913=100
do._
do
__ do .
do
types)
1913=100._
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100
New York.
do
San Francisco
do.. _
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
_
do
New York
do
San Francisco
do
St. Louis
do
Brick and steel:
Atlanta
__do
New York
do
San Francisco . . .
.
do
St. Louis
do
Residences:
Brick:
Atlanta
do
New York
do _
San Francisco.. . .
do
St. Louis
do
Frame:
Atlanta..
.
_ do
New York
do
San Francisco
do
St. Louis
do
Engineering News Record (all types) §
1913=1OO_.
REAL ESTATE
189
189
188
182
168
193
169
185
182
168
193
162
186
181
168
192
162
184
181
168
191
164
184
181
167
191
164
184
181
167
191
164
184
182
167
192
166
184
182
169
192
166
184
182
169
192
166
184
183
169
192
167
185
183
169
192
167
185
183
169
192
167
185
182
168
193
169
185
188
189
188
188
188
188
188
188
188
188
188
188
188
95.3
130.6
117.0
118.6
95.8
127.0
116.1
118.7
96.4
129.2
116.1
118.6
96.4
128.2
116.0
118.3
96.1
129.8
115.9
118.5
96.1
129.9
118.0
118.5
96.2
129.7
115.9
118.7
96.5
130.1
115.9
119.1
96.1
130.1
116.0
119.1
95.3
130.0
117.6
119.1
95.2
130.1
117.6
119.1
95.3
130.0
117.6
119.1
97.6
133.4
121.4
119.7
97.9
128.4
121.0
122.8
98.5
131.4
121.0
119.9
98.5
130.3
120.9
119.6
98.2
132.7
120.9
119.8
88.2
132.7
121.0
119.8
98.2
132.4
120.9
119.8
98.4
132.8
120.9
120.1
98.0
132.8
121.0
120.1
97.4
132.6
122.3
120.1
97.5
132.7
122.3
120.1
97.4
132.7
122.3
120.1
r
95.6
129.8
115.3
118.5
97.5
127.5
116.8
121.5
98.1
129.6
116.8
120.8
97.8
128.1
116.2
119.4
96.7
128.9
115.6
119.8
96.7
129.0
116.2
119.8
96.8
128.9
115.6
120.1
96.5
129.3
115.6
120.5
96.2
129.3
116.2
120.5
96.0
129.4
117.7
120.4
96.2
129.2
117.7
120.4
96.0
129.4
117.7
120.6
'96.0
* 129. 5
r
117.7
' 120 6
86.1
123.1
104. 7
110.3
83.2
121.0
105.3
108.0
84.3
121.3
105.3
106.9
85.3
121.1
105.4
107.4
85.6
122.3
105.4
108.8
85.6
122.8
105.4
108.8
86.0
122.6
105.4
109.9
87.4
122.4
105.4
111.0
86.3
122.4
105.4
111.0
85.0
122.5
106.6
110.7
85.7
122.2
106.6
110.7
85.0
122.2
106.6
110 3
82.8
121.9
98.7
107.2
80.4
118.3
97.4
102.8
80.9
118.8
97.4
102.8
82.2
119.3
97.5
103.3
82.3
120.0
97.5
105.1
82.3
120.5
97.5
105.1
82.8
120.4
97.5
106.5
84.6
121.2
97.5
108.1
83.1
121.2
97.5
108.1
81.6
121.3
98.7
107.7
82.5
121.1
98.7
107.7
81.6
121.0
98.7
107.2
234.7
236.8
236.9
232.3
232.4
232.7
234.3
234.4
234.9
234.7
234.3
234.4
95 3
130.0
' 117.6
r
119.1
T
'97.4
' 132. 7
122. 3
* 120.1
r
r
r
85 0
122. 5
106. 6
110 3
r
r
81.6
121 4
98.7
107 2
234.9
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance
61,775
74,191
64, 627
58, 250
51,058
60,419
67,878
41, 224
68,344
42. 218
thous. of dol_. 73, 701
63, 486
64,895
Premium paying mortgages (cumulative).do— 1,546,237 958,471 997,850 1,038,627 1,082,454 1,131,404 1,189,823 1,244,141 1,300,446 1,355,829 1,400,212 1,450,575 1,496,794
r
§ Index as of June 1, 1939, is 235.0.
Revised.
KData for June, September, and December 1938 and March 1939 are for 5 weeks; other months, 4 weeks.
cfData for streets and alleys, formerly shown separately, are available in total only subsequent to December 1938.
X Monthly data for the period Jan. 1937 through June 1938 are in process of revision and will be shown when available. Revisions in data for January 1937 to September
1937 are minor; revisions in figures for the period October 1937 to June 1938, available at the present time on a quarterly basis only, are as follows: Fourth quarter, 1937—total,
39,518; 1-family, 26,928; 2-family, 2,520; multifamily, 10,070; first quarter, 1938—total, 42,352; 1-family, 28,585; 2-family, 3,142; multifamily, 10,625; second quarter, 1938—total,
61,869; 1-family, 45,865; 2-family, 3,965; multifamily, 12,039.
23
SURVEY OF CURRENT BUSINESS
July 1939
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
1939
May
1938
July
June
May
1939
September
August
October
Novem- December
ber
January
February
March
Apri J
CONSTRUCTION AND REAL, ESTATE—Continued
REAL ESTATE-Continued
Estimated new mortgage loans by all savings
and loan associations:!
72,931
72, 279 73, 067 67, 639 74, 709 71,647
64,070 63, 934 55, 567 58,309
73,378 83, 425
Total loans
thous. of doL. !9,123
Loans classified according to purpose:
Mortgage loans on homes:
26, 646 19,400
19,892
21, 254 23, 727
19, 096 22, 575 21, 018 22, 099 18,627
16,099 16,027
19,152
Construction.
do
29, 903
31, 289 24,123
25, 636 21, 924 23, 833 25, 698 24,677
24,705
21,205
20, 826 17, 503 19,118
Home purchase do
12, 913 12,182
12, 551 14,871
15, 384
13,194
14,701
12, 805 11,749
12,416
Refinancing
do,,.-. 15, 687 15, 281 13,885
5,727
3,593
4,974
6, 069
5,211
4,211
5,416
5,397
3,389
4,821
4, 025
5,528
4,791
Reconditioning, _
do
7,515
7,020
9,437
9,432
8,443
8,337
8,059
8,028
7,235
8,072
7,724
6,827
7,126
Loans for all other purposes
do
Loans classified according to type of association:
29, 811 33, 400
Federal
thous. of doL. 36, 358 24, 721 26,310 23, 823 26,858 25, 650 26, 534 24, 220 25, 019 20,894 22,298
30, 546 26,115
30,350 28,973
24,191
30,124 32, 562
35, 426 31,196
29,506
29,255
26, 504 23,071
State members
do
16,407
17, 339 16,362
14,843
18,345
13,735
11,602 11, 820 13, 443 17, 463,
16, 742 15,851
12,411
Nonmembers,
.
-do
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Associations, estimated total mortgages outstanding
thous. of doL. 1,117,228 930, 300 947, 500 961,300 976,074 994, 218 1,011,087 1,020,873 1,034,162 1,040,770 1,051,109 1,067,887 1,089,870
Federal Home Loan Banks, outstanding advances to member institutions
thous. of doL. 157,911 186, 507 196, 222 191,889 189,415 189,548 189, 217 189, 685 198, 840 178,852 170, 614 161, 614 157,176
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of doL. 2,091,324 2,281,884 2,265,153 2,248,982 2,234,899 2,221,417 2,203,896 2,186,170 2468,920 2,149,038 2,134,261 2,117,598 2,105,824
Foreclosures:
164
189
161
187
194
169
169
153
165
154
154
173
159
Nonfarm real estate.
1926=100..
157
Metropolitan communities
do
145
138
'141
177
153
165
181
161
157
142
155
151
Fire losses.
thous. of doL.
27, 615 29, 304 30, 682 27, 062
19,474 20,435
27, 032 22,918
20,821
23,373 24, 798 28, 659 32, 758
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes (with adjustment for seasonal variations):
84.4
Combined index
1928-32=100..
Farm papers
do
69.0
Magazines
do..,,.
80.3
Newspapers
.
do
78.0
Outdoor.do
90.5
Radio.._
do
289.3
Radio advertising:
7,000
Cost of facilities, total
„
thous. of dol_.
745
Automobiles and accessories.do
66
Clothing
do
0
Electric household equipment
do
74
Financial.
do
Foods, food beverages, confections
do
2,242
House furnishings, etc ,
do
DO
Soap, cleansers, etc
,
do
8570
Office furnishings, supplies
do
921
Smoking materials
«._.„
do
Toilet goods, medical supplies
do
1,844
186
All other
„
do
Magazine advertising:
15. 715
Cost, total...
_
do
Automobiles and accessories
...do
2,854
921
Clothing
.do....
757
Electric household equipment
do
435
Financial
do
Foods, food beverages, confections
do
2,013
House furnishings, e t c
do
1,035
471
Soap, cleansers, etc
do
233
Office furnishings, supplies
do
692
Smoking materials
do
Toilet goods, medical supplies
do
2,249
All other
do
4,056
Lineage, total
-thous. of lines..
2,356
Newspaper advertising:
112, 377
Lineage, total (52 cities)
do
Classified...
do
22, 692
Display, total
do.._
89, 685
Automotive
do
6,075
Financial
„
do
1.615
General
do
IS, 538
Retail
do
63, 456
80.0
67.2
75.0
74.7
85.0
250.5
79.5
66.8
73.0
74.8
76.6
281.0
77.4
55.8
74.7
72.5
74.7
261.0
80.3
79.3
74.5
75.2
77.0
274.7
82.1
58.8
73.5
78.9
76.9
260.0
78.4
64.7
73.6
73.8
77.7
242.3
83.6
65.7
82.0
79.9
65.9
257.6
88.0
70.3
78.8
86.0
71.0
261.7
76.4
57.6
72.6
71.5
72.2
273.6
79.5
59.9
78.4
74.2
73.8
265.6
84.4
56.4
80.4
79.8
82.0
262.7
82.2
66.2
80.6
76.0
89.0
253.3
6,051
5,524
4,493
4,530
352
37
0
27
747
50
0
64
1,949
2,194
2,501
624
0
672
1,242
195
7,023
647
25
0
41
2,318
49
714
0
836
2.045
348
617
33
0
53
2,122
6,713
600
18
0
26
2,157
39
674
0
861
1,990
349
7,404
374
33
10
22
6,509
626
18
0
19
2,103
48
626
0
853
1,851
365
6,567
557
34
72
27
4,781
447
30
0
21
1,543
0
611
0
655
1,308
166
6,754
639
56
87
22
39
691
0
796
38
818
0
885
1, 859
2,020
6,678
657
25
0
54
2,241
39
746
0
870
1,781
264
9,846
769
822
136
341
1,516
599
355
228
734
1,642
2,703
2,112
13,668
1,630
1,022
342
444
2,073
862
398
223
889
2,261
3,524
2,318
13,412
2,142
689
312
426
2,143
679
3(53
225
829
2,210
3,394
2,251
11, 529
1,295
11, 536
1,475
14,243
2,153
16, 818
2,997
1,020
2,099
2,255
1,815
3,424
1,658
8,023
1,186
272
67
320
1,457
194
211
122
654
1,266
2,274
1,929
2,537
3,617
2,591
111,815
22,147
89,668
4,768
1, 695
17, 414
65, 792
2,180
1,025
468
203
684
2,508
4,419
2,715
111,160
22, 824
88, 335
6,055
2,105
17, 655
62, 520
70.4
70.2
A
A
U
1,434o
u
5800
662
0
724
6470
678
616
1,482
1,374
1,236
14,564
1,968
11,316
1,474
8,411
1,268
2,035
1,657
1,654
257
187
188
1,380
A
U
626
10
0
21
2,301
39
6530
853
1,977
273
285
2,173
3,953
2,658
1,894
2,987
2y202
1,540
2,090
1,602
7,380
888
341
19
266
1,353
130
275
116
705
1,344
1,943
1,472
109,906
22, 695
87,211
5,676
1,396
18,310
61,830
98,519
21,331
77,388
4,340
1,556
16,253
55,039
83,653
20,301
63,352
3,031
1,869
13,028
45,424
86,102
20,808
65,293
2,623
1,201
12,175
49,295
103,869
21, 376
82,493
2,366
1,209
15,888
63, 031
113,558
22,411
91,147
4,932
1,732
18, 411
66,073
113,457
20,233
93,314
6,608
1,449
18, 749
66, 509
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
2,183
3,096
2,294
86, 651
18,318
68, 333
3,458
1,403
14, 024
49, 448
69.7
69.3
68.2
68.4
69.3
69.9
70.9
69.5
70.8
'70.4
898
657
410
954
396
206
914
706
365
356
560
418
122
777
257
98
311
217
284
41
651
531
470
299
1,931
509
234
266
755
495
195
376
377
500
148
591
281
829
395
431
636
421
220
748
GOODS IN WAREHOUSES
Space occupied, merchandise in public warehouses
percent of total.
NEW INCORPORATIONS
2,190
1,940
1,774
1,877
1,614
1,818
1,723
1,793
1,821
1,943
Business incorporations (4 States)
number..
2,210
2,226
•Revised.
tRevised series. For revised data on estimated new mortgage loans by all savings and loan associations, 1936-37, see table 12, p. 16, of the March 1939 Survey.
1,874
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
May
1938 Supplement to the Survey
July 1939
1938
May
June
July
August September
1939
October
Novem- December
ber
January
February
March
April
DOMESTIC TRADE—Continued
POSTAL BUSINESS
Air mail:
1,303
Pound-mile performance
millions..
Money orders:
Domestic, issued (50 cities):
4,248
4,002
Number.. - . . .
thousands
38, 111
..thous. of doL. 39, 229
Value.
Domestic, paid (50 cities):
12, 789
__ .thousands.. 13, 724
Number .
97,283
..thous. of dol.. 99, 757
Value
_
_
2,070
do
Foreign, issued—value
Receipts, postal:
50 selected cities _ .
_ thous. of dol_. 30, 922 ' 28,261
3,485
do
3.687
50 industrial cities
1,255
1,199
1,273
1,235
1,299
1,252
1,431
1,244
1,221
1,447
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
4,662
41, 891
4,171
38,119
13, 366
100,250
2,220
11,975
92, 785
2,151
12,543
98,006
2,097
12, 846
99, 470
2,606
13,989
107,933
1,985
14,028
106,097
2,280
15, 793
113,841
7,717
12,939
94,176
2,142
12, 371
88,734
2,027
15,307
109,980
3.170
13,164
95,899
28, 007
3,500
24,602
3,303
26,609
3,446
29, 517
3,472
30, 850
3,728
31,426
3,568
42, 470
5,154
28,537
3,667
27,710
3,493
33, 478
3,979
29,830
3,618
RETAIL TRADE*
Automobiles:
Value of new passenger automobile sales:
65.0
61.4
49.2
75.5
55.1
37.1
99.1
96.1
70.8
' 106. 4
71.2
106.9
Unadjusted
1929-31=100. _ 106.1
50.5
56.5
54.5
57.0
60.0
85.0
100.0
79.5
91.0
78.5
92.5
96.0
Adjusted
do
88.5
Chain-store sales:
Chain Store Age index:
Combined index (20 chains)
106.3
106.0
108.1
103.3
109.4
109.5
108.0
107.5
110.0
av. same month 1929-31 = 100_. 110.0
112.9
109.8
108.8
109.7
119.0
120.0
116.0
121.2
109.4
122.0
Apparel chains
dn
120.0
118.0
130.0
117.6
127.0
112.7
Grocery chain-store sales:
89.2
93.6
88.5
95.0
93.0
94.9
93.5
100.5
96.7
101.1
98.7
102.0
Unadjusted.
.__ 1929-31 = 100.. 102.9
92.2
101.4
91.0
92.2
96.4
93.6
94.4
96.7
94.9
99.5
98.2
99.0
98.1
Adjusted _ _ _ _ _
do
Variety-store sales:
Combined sales of 7 chains:
90.9
88.0
85.2
95.8
102.2
90.7
98.2
94.1
73. 6
79.7
'97.6
do _
193.6
85.0
Unadjusted
__ .
95.7
90.7
95.7
98.9
96.3
100.2
98.7
98.5
96.7
95.5
'97.1
104.9
98.8
Adjusted
do
H. L. Green Co., Inc.:
2,496
2,366
2,315
2,733
2,819
2,383
2,513
2,833
1,998
1,959
2,442
5,952
2, 869
thous.
of
dol
Sales
133
133
133
133
133
132
133
133
132
132
133
133
133
Stores operated
number
S. S. Kresge Co.:
10,643
10,004
10,253
10,179
11,401
11, 972
11,125
12, 353
8,801
24,114
9,058
10, 606
11,940
Sales
._thous. of dol
680
681
682
681
685
685
686
682
680
681
683
687
683
Stores operated.
number..
S. H. Kress & Co.:
6,235
5,822
6,507
6,336
6,818
6,827
6,613
5,055
6,179
14,429
5,163
5,969
6,315
Sales
..thous. of doL.
239
239
239
238
239
238
238
238
238
238
238
239
Stores operated
_ number
238
McCrory Stores Corp.:
3,200
2,946
2,960
3,300
2,909
3,186
3,294
2,955
2,535
2,738
7,003
3,196
3,648
Sales
_
thous. of dol
200
199
200
202
201
200
200
202
200
200
202
202
202
number
Stores operated
„_
G. C. Murphy Co.:
3,294
3,301
3,741
3,160
3,087
3,811
3,594
t.hnns nf dnl
3,308
2,686
2,752
7,223
3,205
3 848
Sales
201
201
201
201
201
201
201
201
201
201
201
201
201
Stores operated.
number..
F. W. Woolworth Co.:
23,149
22,
733
22,714
22,
566
26, 774
23, 491
25,295
19, 653
50, 379
23,104
25, 919
Sales
thous. of dol__ 24, 725
20,686
2,010
2,010
2,011
2,011
2,005
2,014
2,013
2,017
2,018
Stores operated
number
2,012
2,017
2,011
2,008
Restaurant chains (3 chains):
3,017
3,054
3,246
3,193
3,460
3,275
3,269
thous of dol
Sales
343
343
340
338
337
336
340
Stores operated
number
Other chains:
W. T. Grant & Co.:
6,971
7,608
7,214
6,834
8,496
8,970
7,653
8,635
5,531
5,748
17,996
7,164
8,376
..thous. of dol
Sales
483
484
480
484
491
487
489
489
484
489
491
number..
Stores operated.
489
489
J. C. Penney Co.:
20, 322
18,258
19,068
26, 820
22, 233 ' 18, 854
27,196
22, 381
16, 523
thous. of dol
38, 928
14, 613
18,736
21 281
Sales
1,531
1,530
Tiiimhfir
1,528
1, 545
1,533
1,538
1,539
1,539
1,537
1,542
1,539
1,540
1,544
Stores operated
Department stores:
Collections:
Installment accounts
14.9
15.4
15.7
17.0
15.9
17.0
16.4
15.8
16.2
17.2
18.6
percent of accounts receivable. _
17.2
45.2
43.5
42.4
45.2
46.6
42.0
47.1
47.1
46.4
43.9
Open accounts
do
46 6
45 3
79
58
65
80
92
99
87
91
69
69
156
82
Bales, total U. S., unadjusted-_1923-25=100..
88
79
94
107
100
126
126
118
120
91
203
101
116
Atlanta
__
do
119
74
46
67
55
75
73
86
86
64
54
Boston
138
do
68
75
60
82
72
89
80
96
91
69
96
do 157
67
Chicago.
92
'89
79
75
59
65
93
89
87
67
89
71
152
82
. „
do
Cleveland .
92
90
72
103
83
105
113
118
117
87
89
182
Dallas
do
99
104
72
61
79
74
89
86
92
67
88
64
Kansas City
1925 = 100
151
87
82
85
92
68
81
94
109
96
107
75
147
63
Minneapolis
„
97
. .1929-31 = 100
97
85
62
64
81
85
98
94
106
68
New York
164
71
...1923-25 = 100..
80
86
63
46
70
'60
48
75
do
67
49
Philadelphia
52
127
65
82
67
103
72
99
81
127
118
115
110
77
r 102
Richmond .
.
209
75
do
105
69
58
77
63
92
93
95
143
69
St. Louis
do
68
89
73
80
do
87
102
86
91
82
San Francisco
77
162
79
84
90
83
82
78
83
84
85
89
86
88
Sales, total U. S., adjusted
_do
89
87
88
88
104
113
106
128
111
106
127
116
Atlanta
__
do
115
11-9
115
125
115
84
83
79
do
87
82
88
88
93
Chicago
94
86
84
98
86
78
74
78
99
82
84
78
86
88
88
Cleveland
__ _
do
93
87
84
103
101
103
do
105
108
105
100
105
Dallas
105
114
105
105
104
96
93
'85
93
96
94
92
98
91
Minneapolis
97
1929-31-100
86
93
95
88
90
.View York
89
92
84
. . 1923-25=100
86
89
88
85
86
86
91
89
65
63
62
'59
do .
68
65
71
68
Philadelphia
68
70
68
70
68
85
75
77
83
81
82
87
St. Louis .
_. __ _
do
87
87
79
88
86
89
90
do
90
90
San Francisco
88
96
79
94
95
94
93
92
Installment sales, New England dept. stores
9.4
7.3
8.5
14.7
11.5
10.3
9.0
percent of total sales_.
11.1
7.1
11.6
10.2
11.8
8.5
Stocks, total U. S., end of month:
65
61
71
65
74
78
P68
70
Unadjusted
1923-25=100..
62
60
65
69
69
68
67
69
P66
Adjusted
do
67
67
67
67
66
67
68
68
'67
Preliminary.
«• Revised.
• T h e following reports, showing percentage changes in sales, are available at the Washington, D. C , office of the Bureau of Foreign and Domestic Commerce, or at
its District Offices: (1) Chain drug stores and chain men's wear stores, (2) Independent stores in 27 States and 4 cities, by kinds of business, (3) Wholesalers' sales
any of it
kinds of
'
by kinds
of business,
busine (4) Manufacturers' sales, by kinds of business.
25
SUKVEY OF CURRENT BUSINESS
July 1939
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
1939
May
1939
1938
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
M ail-order and store sales:
Total sales, 2 companies
thous. of dol_. 101,930
42, 323
Montgomery Ward & Co
do
Sears, Koebuck & Co
do >. 59, 613
Rural sales of general merchandise:
Total U. S., unadjusted....
1929-31 = 100.. 120.5
113. 3
Middle West
do
118.8
East.
do _
137. 6
South
do
131.8
Far West .do
Total U. S., adjustedf
do
131.2
Middle Westf
do
119.6
Eastf
do
129.1
162.2
Southf _ .
do
146. 6
Far Westf
.
do
79, 613
36,150
43, 463
79, 565
35, 745
43, 820
65, 392
29. 075
36, 316
72, 783
32,849
39, 934
87, 722
38, 556
49,167
100, 012
46, 667
53, 345
93, 510
42, 295
51, 215
125,706
57,085
68, 622
58,320
24, 769
33, 551
59,865
24, 964
34, 901
85,497
35, 730
49, 768
92,831
41, 595
51, 236
103.5
96.1
104.7
113 7
119.3
T
112 8
' 101.5
' 113.8
' 134 1
' 132.7
106.2
99.4
107.5
132.0
125.8
116 5
105. 3
117.1
139 3
1 32. 0
84.8
77 7
82.2
92 9
105. 8
116 2
105 3
115. 5
136 8
129. 0
98.2
90.0
95.0
104.1
125.7
120 1
109.1
119. 2
144 3
136. 4
121.1
107. 9
117.6
148.9
141.6
' 114 6
'105 3
' 119.6
r 134 9
' 121. 0
140.9
123.3
139.8
189. 3
153.4
r
108 5
r
97 1
r
108. 6
' 127 7
r
127.7
147.2
135 7
144.1
177 8
16L5
113 1
103 5
111.8
129 5
133. 1
183.6
166. 4
195.9
202.8
211.0
114 8
106. 7
117.6
135 0
129. 3
91.3
84.1
87.8
111.3
100.2
'T 120 0
109.9
'115.6
' 140.7
' 136. 4
100.1
89.1
97.9
134.8
105.7
123. 7
112.1
119.6
147. 8
142.9
115.0
105.2
118.6
141.5
118.5
131.0
118. 7
132.0
156. 6
144. 0
120.2
110.2
116.6
144.8
125.8
' 130. 8
' 118.0
' 122. 4
'91.2
84.1
'
'
'
'
'
'r
'
'
'
'
'
'
'
'
'
'r
'
'
'
'
'
'
'
'
'
'
'
'
r
'
'
'
'
«• 164. 3
' 140. 9
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (U. 8. Department of
Labor)f
1923-25=100
Durable goods
do
Iron and steel and their products, not incl.
machinery
1923-25=100Blast furnaces, steel works, and rolling
mills
1923-25=100
Hardware.
_
do
Structural and ornamental metalwork
90.1
83.2
83.4
75.0
81.6
72.4
81.9
70. 3
85.7
71.7
88.8
75. 3
89. 5
79. 0
90.5
82.1
91.2
83.1
89.5
81.6
90.7
82.6
91.4
83.5
87.4
80.7
77.8
76.7
79.4
81.7
83. 9
86.5
87.4
85.9
87.2
88.3
88.3
91.4
76.0
85.8
63.5
82.3
61.3
82.2
56. 5
83.8
60.6
84.7
66.9
86. 1
79.5
89.8
84.4
91.1
86.3
90.9
84. 7
91.5
83.2
92.2
83.0
92.3
80.7
'66.9
66.2
64.0
61.7
61.9
60.7
61.1
60.5
59.8
59.1
58.3
59.7
67.7
1923-25=100.
'88.2
85.5
83.7
82.8
84.1
84.6
86. 2
97.6
99.5
91.4
88.9
87.5
89.3
Tin cans and other tinware.
. do
64.3
61.0
65.1
Lumber and allied products
do...
62.6
64.1
60.7
62.6
61.9
64.0
60.7
65.2
65.7
65.8
'77.9
78.9
78.8
76.3
79.8
79.5
79.7
79.0
76.0
71.2
70.8
70.0
70.9
Furniture.
. . . .
do
49.1
53.4
Lumber, sawmills
do
52.4
49.8
' 51.8
50.1
51.1
49.1
49.1
50.9
53. 1
52. 3
53. 5
Machinery, not incl. transportation equip95.1
94.7
93.4
91.4
91.8
89.5
87. 2
85. 5
84.1
82.9
86.1
89.7
94.8
ment
.
1923-25=100
Agricultural implements (including trac123.8
124.8
121.5
111.4
105.5
96. 6
93.7
90.3
99.8
100.6
125.2
133.8
117.5
tors) . . .
1923-25-100
Electrical machinery, apparatus, and
'86.1
85.2
83.6
82.1
83.9
83.2
80.7
77.4
74.0
73.0
75.3
78.1
85.9
supplies
...1923-25=100..
Engines, turbines, water wheels, and
'96.3
93.8
90.6
87.1
85.3
83. 5
83.4
83.1
82.6
82.1
85.5
90.1
97.9
windmills
1923-25=100
Foundry and machine-shop products
84.5
84.1
83.4
81.8
81.7
78.9
77.5
77.7
77.1
75.8
77.4
81.0
84.5
1923-25=100..
'94.6
98.9
102.5
108.4
118.0
118.8
108.0
93.5
88.9
81.8
81.6
76.3
95.4
Radios and phonographs
do
93.4
94.3
93.6
92.2
95.0
95.4
92.2
87.9
83.0
79.1
79.8
81.8
92.4
Metals, nonferrous, and products
do
'98.4
99.2
98.8
98.3
100.2
100.5
96.4
92.7
89.0
86.1
85,7
87.3
98.9
Brass, bronze, and copper products.do
'72.7
69.6
66.6
66.4
70.5
71 6
70.1
67.8
66.3
64.6
65.8
66.0
72.5
Stone, clay, and glass products
do
52.0
49.9
48.8
48.4
53.4
Brick, tile, and terra cotta
do
48.3
53.6
49.7
'48.1
48.9
51.2
51.3
52.4
'91.9
90.6
89.5
89.6
93.0
92.1
87.5
82.1
78.7
74.7
79.3
80.7
91.6
Glass
do
55. 5
62.4
68.2
90.2
Transportation equipment
do
95.7
96.1
79.4
95.4
63.7
95.9
95.8
51.0
91. 6
93.1
Automobiles
.
do
102.1
104.4
64.9
53.1
61.5
68.6
86.3
103.8
106.1
106. 8
101 9
48.0
91.5
96.7
Nondurable goods
_ . do
92.9
99.4
90.3
98.0
98.9
98.4
99.0
97.1
98 4
101.7
98.8
114.4 '114.9
112.1
113.4
108.1
105. 0
105.2
108.8
111.6
Chemicals and petroleum refining
do
113.0
112.0
112.7
113.0
114.9
116.5
116.1
115.5
116.9
117.2
114.8
112.5
110.3
107.8
109. 7
109. 6
114.5
Chemicals
_
do
114.9
112.5
112. 4
112.9
112.5
110. 6
113.0
114.9
118. 4
Paints and varnishes...
do
112.4
110. 8
117.6
111.8
121.9
Petroleum refining
do
121.8
121.1
120.9
117.1
119. 5
116.4 ' 116.3 '116.1
118. 1
117.1
118 9
121.0
293.9
270. 5
265.4
283. 8
308.1
Rayon and allied products
do
319.1 ' 316. 9 ' 315. 4
313.2
314. 4
315.2
311.3
312.8
114.0
112. 0
111.0
113. 7
120.1
123.4
128.8
142.7
138.3
128.6
119. 4
113.6
116.7
Food and kindred products
do
142 0
141.5
143 5
144.3
145 6
144 5
145.0
144.2
141.8
145.5
Baking
_
do
142.1
140.3
144.6
95.2
Slaughtering and meat packing
do
94.2
95.5
94.7
93.5
91.9
91.8
102. 4
97.4
92.5
94.6
99.8
100.7
'94.0
97.6
' 96. 7
92.9
88.6
84.8
92.3
89.6
92. 7
89.3
81.8
86.0
86.6
Leather and its manufactures
do....
' 94.5
'98 5
'97 2
92.7
87.6
83.3
93.8
89.9
94.6
61.4
82.5
87.6
85.9
Boots and shoes
do
Paper and printing
do
104. 3
302. 7
101.5
103.4
105. 9
108. 0
101,9
105.9 ' 105.9
105.7
105. 5
105.9
107.0
Paper and pulp
do
105.9 ' 106. 3
106.3
105. fi
106. 3
105.9
104. 0
104.8
102.8
101. 6
101. 9
102. 9
106. 7
' 82.1
81 5
82 8
81.1
83.6
75.9
82.4
77. 7
72. 5
70.6
68. 7
71.4
81.2
Rubber products _.
do
67.1
60.4
60.4
Rubber tires and inner tubes
do
60.7
67.2
57.2
67.2
60.6
61. 9
66.1
63.5
67.1
66! 1
98.6
101.2
101.4
97.5
98.6
97.9
96.9
97.5
95.1
84,6
86.6
87.4
96. 3
Textiles and their products
do
'88.8
92.1
91.2
90.8
91.8
86.6
89. 5
87.2
85.1
77.2
80.4
78.0
88.4
Fabrics
do
112. 2
99.7
98.9
107.2
112.6
Wearing apparel
do
122. 1
111. 0 ' 120.1
123.0 ' 119.0
112.0
119. 6
110. 3
62. S
6<>. 3
63.8
Tobacco manufactures
do
61.5
64.8
62! 4
60.9
65. 2
' 61 8
59.5
59. 2
64.3
66.3
82.9
90.4
86.9
82.4
83.7
Factory, adjusted (Federal Reserve)t__....do
84. 9
90.9
91.0
91.7
91.3
90.0
91.6
87.5
Durable goods
__1
do
83.0
83.2
83.6
83.4
83.2
81.3
75.7
77.9
72.0
71.9
70.7
74.1
82.2
Iron and steel and their products, not incl.
'87.6
87.7
88.1
87.7
86.2
80.9
83.1
79.4
77.8
77.3
80.2
86.8
machinery
. 1923-25=100__
87.6
Blast furnaces, steel works, and rolling
83
85
91
85
83
92
92
84
91
91
86
91
90
mills
1923-25 = 100..
86
67
62
57
61
63
76
80
82
85
84
79
83
Hardware.._ _ _ . _ _ _ .
do
Structural and ornamental metalwork
68
68
67
63
60
63
68
60
58
58
58
60
68
1923-25=100..
91
89
89
86
87
89
84
90
'91
90
88
90
87
Tin cans and other tinware
do
'64.6
63.7
65.6
65.3
66.3
64.5
63.2
62.9
61.9
60.2
59.9
60.9
65.0
Lumber and allied products
do—I
79
76
75
73
73
73
80
81
80
80
76
75
79
Furniture.
do
52
Lumber, sawmills
do
48
49
51
50
53
51
51
50
54
50
53
53
Machinery, not incl. transportation equip94.9
94.9
92.1
93.9
91.6
89.1
85.2
86.8
84.7
83.3
86.0
89.1
94.4
ment
1923-25 = 100. _
Agricultural implements (including trac105
96
99
106
124
103
130
114
116
109
99
118
118
tors)
1923-25=100
Electrical machinery, apparatus, and
83
84
77
80
74
75
73
78
85
86
85
84
83
supplies
1923-25 = 100..
Engines, turbines, water wheels, and
93
82
86
83
83
81
88
93
92
88
86
'92
92
windmills.
1923-25-100
Foundry and machine-shop products
84
84
82
83
82
79
78
78
77
76
77
80
84
1923-26=10082
83
82
108
87
111
81
89
114
106
118
116
* 113
Radios and phonographs
do .
82.0
81.3
82.4
93.1
Metals, nonferrous, and products
do
93.5
86.7
84.4
89.0
92.3
93.7
94.0
93.6
93.9
100
93
95
90
87
86
86
98
101
97
99
99
98
Brass, bronze, and copper products.do
' 72.2
71.8
73 6
71.5
72.0
71 1
65.4
67.8
64.0
63.4
63.2
63.4
69.8
Stone, clay, and glass products
do.__
45
46
51
46
Brick, tile, and terra cotta..
do
48
49
46
53
52
54
54
55
57
78
80
90
82
76
78
93
87
94
92
90
91
89
Glass..
do .
74.2
65.1
86.2
Transportation equipment
do
65.9
66.9
92.1
61.1
93.9
93.3
89.9
90.4
81.6
90.4
79
89
55
55
60
65
89
102
104
99
99
96
97
Automobiles
_
do
' Revised.
tRevised series. Data on factory employment, unadjusted (U. S. Department of Labor) revised beginning 1933; see table 76 on p.13 of the November 1938 issue and
table 1, p. 15 of the December 1938 issue. Factory employment, adjusted (Federal Reserve), revised in its entirety: data not shown m table 76. p. 13 of the November 1P38
Survey, or in table 1, p. 15, of the December 1938 issue are available upon request. Rural sales of general merchandise adjusted for seasonal variation revised beginning January 1934; data not shown above will appear in a subsequent issue.
157200—39
4
26
SURVEY OF CURRENT BUSINESS
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
Julv 1939
1939
May
1939
May
June
July
Septem- October
ber
! August
Novem- December
ber
January
February
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, adj. (Federal Reserve) f—Continued.
Nondurable goods
1923-25=100..
98.3
Chemicals and petroleum refining
do
112.9
Chemicals
do
115
Paints and varnishes
do
114
Petroleum refining
do
118
Rayon and allied products
do
314
123.6
Food and kindred products
do
146
Baking
-do
97
Slaughtering and meat packing
do
Leather and its manufactures
do...
87. 8
Boots and shoes
__do__.
87
Paper and printing
_._do.-.
106
Paper and pulp
___.._do_..
107
Rubber products
do__.
81.1
Rubber tires and inner tubes
do._.
67
96.6
Textiles and their products
-do...
89.0
Fabrics
do._.
112.2
Wearing apparel
-do...
63.7
Tobacco manufactures
do__.
Factory, unadjusted, by cities and States:
City or industrial area:
91.7
Baltimore
1929-31 = 100.
70.0
Chicago
1925-27=100.
Cleveland
_.
.1923-25=100..
62.4
Detroit
do._.
92.9
Milwaukee„..1925-27= 100
85.5
New York
„
do
90.0
Philadelphia
1923-25=100.
65.8
Pittsburgh...
_
..-do...
91.0
Wilmington
do__.
State:
96.6
Delaware
--do...
77 6
Illinois
1925-27=100.
Iowat
1923-25=100.
95.8
Maryland
1929-31 = 100.
71.7
Massachusetts.—
1925-27= 100..
78.0
New Jersey.
1923-25= 100..
80.5
New York.
1925-27=100...
85.0
Ohio .
.._
...1926=100
74.9
Pennsylvania
„
1923-25=100..
84.5
Wisconsin!
1925-27=100.
Nonmanufacturing, unadjusted (U. S. Department of Labor):
Mining:
Anthracite
19J9=*i00.
Bituminous coal
___
do...
n (,
Metalliferous
do .
Mo
Petroleum, crude, producing
_. d o . .
45 I
Quarrying and nonmetallic
do...
Public utilities:
Electric light and power, and manufactuied
gas
.
l'J?M= 100
Electric railroads, etc
. . _ . . do.
Telephone and telegriph..
_.do.
8er vices:
Dyeing and cleaning
do...
Laundries
. . . do
Year-round hotels
. . . . . d o _.
Trade:
Retail, total
- . do . .
General merchandising
do ._
Other than general merchandising- do_ _
Wholesale
do .
Miscellaneous employment data
42 0
Construction employment, Ohio
W2C = io<»_
Hired farm employees, average rer 1!>I firms
Lull b< r
Federal and State highway employment
_ 0 l
Total
nuifiipr
Construction (Federal and State; do . J( t
Maintenance (State)
_ 1 > __ I K ,
Federal civilian employees*
United States
do .
District of Columbia.do .
Railway employees:
Class I steam railways1
Total
„ tbousands
Index:
Unadjusted
192r<-'2<^ ion
Adjusted
. do..
L>0
Trade-union members employed
All trades..
_
.percent of totalBuilding
_
do .
Metal.
_____
_. d o .
Printing
_
do __
Allother.
_
_...do
On full time (all trades)
____ do . .
92.9
110.2
110
110
122
290
120.0
142
93
87.1
89
103.7
103
71.3
60
87.6
78.6
106.6
64.8
92.4
108.4
110
109
120
274
121.2
143
94
84. 4
85
103.0
102
71.3
60
87.4
79.3
104.1
65.2
94.5
108.3
106
110
121
272
122.2
144
95
88.4
90
103.0
102
69.5
61
92. 1
83.4
109. 8
61.9
97.2
111.0
110
113
121
292
123.0
87.4
67.5
72.3
58.5
80.7
77.2
82.5
63.0
76.8
84.5
65.7
72.5
54.9
88.6
74.6
80.0
59.3
76,3
83.7
73.1
123.0
90.8
65.7
72.5
72.8
78. 0
70.3
81.7
84.0
71.4
124.0
88.7
62.3
72.9
71.5
76.0
PS. 9
82.4
82 2
so 2
5S s
7} 2
43 7
r
.o 0
72 s
44 '5
<4 7
71 6
75 0
v>2 2
95
89.6
91
103.7
103
73.4
61
96.4
87.2
115.7
62.9
312
122.2
143
96
91.3
92
104.0
104
76.0
62
97.0
87. I
117.9
64.3
96.7
111.2
113
113
119
313
119.2
142
97
90.8
91
104.3
105
76.8
64
95.6
86. 3
115.4
63.2
98.3
111.8
117
114
118
310
122. 8
143
99
91.4
92
105.4
106
81.7
66
96.7
88.6
113.6
63.7
99.5
112.3
117
114
118
310
124. 2
144
9y
92.1
92
106.0
106
83.2
67
98.9
90.3
116.4
64.2
99.5
112.3
117
115
118
310
124.2
143
96
92.8
93
106.0
106
81.3
67
98.4
90.0
116.0
64.5
83.6
64.7
70. 0
47.8
85.3
73. 1
80.7
5U. 8
76.4
85.1
65. 4
74.0
56. 8
85. 9
81.7
82.9
60.8
77.6
87.2
67 2
76.9
72. 1
84. 4
87.7
84.4
62. 1
78. 8
86.8
68. 7
79.4
88.0
85. 4
88.3
86. 1
64.4
81.0
86. 5
69.6
80. 6
97. 6
89. 0
86. 1
88. 1
05. 9
82.2
70. 6
82.3
102. 9
92, 4
86.9
90. 9
66 4
86.9
86.6
70.0
123. 9
88.1
63.2
99. 5
72.0
125. 1
90. 0
70. 0
74.7
76. 4
77.6
71.7
86. 0
94.2
73.7
126. 9
91.9
71.8
75. 7
80. 3
80. H
73. 4
S3. 1
87.7
74. 4
130. 5
91.3
72.4
75, 2
80. 8
82.3
74. 4
81.4
87.8
75. 3
127.9
37
80
M
7_
41
4P 4
4'» 7
72 -!
44 1
70
71
J2 ,
(M •)
7} «
r
)6 u
iO'i ('
9o l
93 7
S> s
I
120
144
72. _
75, 4
61). 2
91.3
7(M |
74 < i
97.6
111.4
111
114
6
1
4
\
6
V 2
"i r.
14 ^
r
i'i 4
71 3
)
71 7
If')
(
)7 9
'oi 1
'- I
S
98. 6
112.0
118
115
117
313
122. 6
144
94
93.2
93
106. 3
106
82. 3
67
97.7
89.2
115.5
60. 3
98.2
112. 8
115
116
117
322
• 122. 3
143
95
r
91. 7
92
r
106.3
106
'81.4
67
96.4
'88.3
' 112.8
03.2
84.8
69. 7
81. 8
100. 8
90. 6
85.4
89.6
65.3
87.7
86.7
70.4
81.8
99.3
93.6
89.1
91.5
66.0
89.3
89.2
70.6
82.3
97.7
'94.8
90. 5
91.0
60. 7
90. 6
90. 3
69.8
82.2
96.0
94.5
88. 0
'CO. 8
r
67. 2
' 92.1
92. 7
75.2
127.6
89.4
73 0
76. 7
80.0
84.9
74. 6
80.6
94.3
76.8
128.0
92.4
74.6
77.6
81.8
86.0
76. 3
82.7
95. 2
77. 8
129! 0
94, 5
74.8
77.9
82.7
87.]
70. 5
83. G
'97.0
77.6
131. 1
52 2
r .S 6
' 60 /
(,: 0
M6 4
38 6
'37 9
44 4
it
QM 0
f)() 2
74 1
F9 6
fr» 3
73 A
9» 2
°] 3
92 1
92 S
so 0
1
'87.4
01. 0
} I
SO (
87 9
"2
i
V •>
»15, v " J
? % l, ?
1
i
'> • |
>
i i*o
I-II
-,o
r.
r
'l-S i I
1
,
r .
' 102. 2
' 93. 5
' 93. 2
' S3. 8
' 85. 2
95.8
' 82.4
87. 3
SI. 3
' S7. 4
176 0""> r 109.loo
7,201
879,504
91S
*2 1
bv 3
51 8
8")
66
79
8"
90
Ch
. • * ' '
(0
187,523
78, 394
109,129
880, 202
121,993
960
5? 7
r
35. 3
0)
So! 312
120 22'
53.2
' 26. 2
' 01.5
' On 9
'43.0
95. 4
92. 9
92. 7
•
i l "
t i t
f
S3. 7
SO. 3
' 09. 1
' 74. 1
28 6
(^
82.0
87.0
89. G
09. u
73.4
r
1tM "
82 i
S'» 1
7 ' <
' Revised.
1
Discontinued by t h e reporting s< urce.
tRevised series. Iowa emj k j nu'i.t r( visf r hegn;ri DF J u l v H<'u r e v i -;: -r,.1- a 1 ? »'•' v r t > I > <
ft!:
adjusted, beginning 1929, to f o n d ? UKiio'ted by
J r . t n . * I . - i r xOr PCt :-lv v n oi |i l ' o f ?! .c 1S ' • v c
tory employment, adjusted (Federal !*•».«"•**» ) r vis d; t( e fo- tii- 1 ". <>
iars.eu
r' * i b . l > "'
Sn. 4
70. 2
82.4
T2 3
92
10S b
*
90 8
72.6
76 9
80 3
8-1. 9
75. 4
81. 5
91.9
76.1
131.0
91.6
73.8
77.7
81.3
98.7
111.7
118
114
118
314
121.1
144
94
92.8
93
105. 9
106
81.2
66
98.5
89.8
116.7
63.5
53. 1
54.0
53. 2
53.6
87
71
83
90
91
69
i'.?,f. fs^ue. Wisconsin employment and payrolls have been
Purvey ^ ill upbear in a subsequent issue. For data en fac«
27
SURVEY 01-' CUMitfN'T UU.
July 1939
Monthly statistics through D i ^ m b s - l v j7, to- |
gether with explanatory notes an<I ?> . T* iic<to the sources of the ddf "si^ hf found in th
1038 Supplement to the Survt*}
1939
iO.il)
Decem-
Juno
January
ber
February
March
April
EMPLOYMENT CONDITIONS AM) WAGES—Continued
LABOR CONDITIONS
kvernee weekly hours per worker in factories:
National Industrial Conference Board (25 industries)
hour* .
IT, S. Department of Labor (87 Industries)^
hours..
Industrial disputes (strikes and lockouts):
Beginning in month
number...
In progress during month
do
Workers involved in strikes:
Beginning in month
thousands..
In progress during month
do...
Man-days idle during month
do
Employment Service, United States:
Applications*
Active
file
do
New
..do
Placements, total
do
Private
do
Ratio of private placements to active file
percent.
Labor turn-over in mfg. establishments:
Accession rate-__rno. rate per 100 employees..
Separation rate:
Total
do
Discharge
do
Lay-off
__..do
Quit
.do...
P
32.7
33. 1
33. 8
35. 2
36.2
36.7
36.9
36.6
36.6
36.8
36.9
34.4
34.4
34.7
36.3
36.9
37.4
36.5
37.1
36.3
36.9
37.1
36.4
p 235
p 375
800
495
219
424
208
202
43-1
222
384
250
400
207
372
177
310
' 164
«• 284
r 175
'298
'179
'298
P220
p 00
53
96
871
4S
81
133
990
43
75
658
38
02
513
49
70
' 512
'84
r 537
'41
60
'584
i>420
831
,58
113
842
••65
4, 200
83
125
1,174
v 6, 000
6, 387
51 0
333
242
7, 525
077
239
159
7,831
803
246
164
8, 119
623
271
190
7, 96(5
523
281
203
7,743
505
292
208
7,529
503
251
178
7/216
477
230
161
7,434
044
199
130
7,080
483
181
126
6,749
500
254
185
'6,545
478
'271
195
3.8
3.S7
8. 088
705
228
156
36.8
*350
P445
2.1
2.1
1.9
2.3
2.5
2.7
2.4
2.2
1.7
1.8
2.7
3.0
2.84
3.44
4.81
5.29
4.51
5.19
4. 24
3.22
4.09
3.06
3.34
2.95
4.57
.13
3.82
.62
4.41
.11
3.69
.61
3.81
.09
3.08
. 10
2.33
.65
3.56
.12
3.13
.59
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
3.18
.13
2.23
.82
'3.46
.10
2.60
'.76
72.9
64.2
70.8
61.7
70.6
58.6
76.9
63.7
81.0
68.7
83.8
75.2
84.1
78.3
86.5
80.4
83.4
76.6
' 85.4
'78.4
869
80.1
'84.9
'80.2
PAY ROLLS
Factory, unadjusted (U. B. Department of
Labor) t
1923-25=100..
Durable goods
do
Iron and steel and their product?, nor Incl.
machinery
1923-25=100..
Blast furnaces, steel works, and rolling
mills
___J923-25«100_.
Hardware...
do
Structural and ornamental metalwork
1923-25=100..
Tin cans and other tinware
do
Lumber and allied products
do
Furniture
do
Lumber, sawmills
do
Machinery, not incl. transportation equipment
1923-25= 100__
Agricultural implements (including tractors)
1923-25= 100..
Electrical machinery, apparatus, and supplies
1923-25=100..
Engines, turbines, water wheels, and windmills
.1923-25=100..
Foundry and machine-shop products
1023 2.*-100
Radios and phonographs
_(io___
Metals, nonferrous, and products., do
Brass, bronze, and copper products do .
Stone, clay, and glass product0
do_._
Brick, tile, and terra cot+a
. . . do. .
Glass
do..
Transportation equipment
do
Automobiles
d'>___
Nondurable goods
_ _. do ._
Chemicals and petroleum, refining _. do.._
Chemicals.
_ ._ (\o___
Paints and varnishes
do _
Petroleum refining
do
Rayon and allied product".
dn . . .
Food and kindred products
d«>_.
Baking
_„_
d^_._
Slaughtering and meat p^cl ing., do . . .
A
Leather and its manufacture^.
Boots and shoes..„
.
do
Paper and printing
__. _
io
Paper and p u l p .
.
84.4
79. 5
78.6
62.7
59.1
57.4
65.3
68.6
74.9
79.1
80.8
77.7
79.8
81.6
80.1
80.3
75.1
62.9
53.2
58.1
52.4
56.8
48.3
65.3
57.6
87.6
65.7
73.9
86.3
81.9
93.2
83.2
90.1
82.1
81.8
'83.4
78.9
84.8
81.9
82.8
'76.7
59. 6
97.0
58.3
63. 3
50.4
48.8
91.8
50.5
50.4
45.4
46.7
92.6
51.2
52.4
45.4
48.8
94.4
48.7
51.3
41.6
51.2
107.0
58 1
62.5
50.2
49.7
103.0
60.0
68. 1
50.6
50.5
89.2
60.0
68.4
50.4
50.1
87.5
56.2
64.9
46.4
53.2
87.9
56.1
67.8
44.9
51.8
86.6
52.0
60.3
42.4
54.6
85.8
53.0
66.0
41.1
57.6
92.6
53.9
66.1
42.4
'59.5
'94.0
'55.7
'63.5
'46.3
72.7
76.1
78.6
81.9
83.9
89.4
87.4
'91.7
'94.2
'93.8
114.4
112.7
131.9
136.7
134.9
94.9
80.6
76.4
126.0
137.2
124.1
87.1
68.4
117.1
97.1
89.4
85.9
F0
83
S7
9"
oi
4')
91
hi
70.0
6f> 8
69 0
76 0
57.7
35 7
79 1
59 5
K 8
82 0
11 \ 7
116.8
liy. 5
P5 7
63.7
72.4
67. 0
77.9
53. 1
35 \
(>9. 1
51 0
4" 4
84. 1
111 1
114 f.
1
4
1
1
s
-)
S
3
Ss~ I
M j C)
1 1 '
J
li
i
,
>
13V) ft
257 9
11" 8
UJ .
KM h
<U 9
F7 t.
64.1
71 6
60 3
72 5
50 4
3f 0
77 0
57 4
54 4
*0 i |
21-- 8 1
l!s 1 !
ii'.e
1U4* 7 I
in j
21
\l\
J4.
ir-
5
*i
S
9
i 9 4
is o
"i
-
'
*
87.1
92.4
95.0
67.7
73.0
78.0
80.4
82.7
80.6
' 83.5
' 86. 5
'85.7
90.0
90.4
91.6
98.0
98.4
106.9
112.1
' 115.1
88.1
83.5
81.4
89.1
58. 3
3«. 6
82. 6
64.7
W 3
(
M 9
69.4
97.9
88.5
96.2
63. 0
40. 6
92.9
83.8
91.3
93. 4
12c. 1
70.6
106. 9
90.2
99. 8
63.8
39. 0
98.6
95. 9
107 6
90 0
'<) 1
2S 1
75. 9
107.6
90.3
98. 9
03. 5
39.4
99. 4
97 9
107 1
74.8
96.8
84.6
93.0
50. 8
30.7
92.0
93. 5
101.3
91.0
119 b
1/7 9
78.0
87.7
88.3
96.4
58.0
35.6
93.3
91.8
97 3
79.5
85.1
89.5
98.6
'61.7
' 37.2
95. 3
r
92. 0
' 97. 0
94.0
121.6
130. 9
120.4
'131.5
'313.4
113.9
138.0
1C0. 6
83 2
' 80.1
104 2
105. 5
85.4
70.1
89.0
79.4
104.8
51.5
'78.9
'80.8
'86.2
95.9
'62.6
'39.6
'89.4
' 94. 4
' 99. 5
'90.2
' 120. 5
127.9
'123.2
'128.5
' 304. 4
' 114.0
'135.7
' 99. 5
'74.5
'70.1
'103.3
' 104. 6
83.0
'73.6
'79.8
73.9
'88.8
53.0
67.2
75. 5
74.1
83.4
50.5
37.2
78.6
49. 9
47 0
iP. 7
lln 9
1 2 {
2*9 0 |
ri
us 9
ll'i 4
1J4 5
i\i b
\^ 2
1 U 7
1U 5
luv 7
u: b
•>',
t)
7i« 0 '
<n 1 I
I
H
1-7 0
1> . r )
)$ '
ii <. -, i
*
!
? 1
: -„s
\ t
>
i ' _> '»
in
I
,-S
77 .">
72 (,
l')7 *
Ui', \
10- 2
10J h
I ,i
u;» 7
' 132.4
311.4
112.1
K0 (>
101.3
8.'. 3
13! r,
30 » o
llu.3
i;;t I
<• 7M 6
1 0 2 ,-5
11 •) 1
S.U (,
S^ 1
J.
>i
r
9 ?. 1
r HO q
12() (>
na i
4
i
1 ! 2 ~>
7 0 f.
Is I
- ( ,
li"
III
1
1 1 ' .<)
;-5
7 1 f»
1'J 1
l.'O 1
1 )v> S
?> .2 \
\J) 9
i 'J, H
us t) }
I,' 1 > |
. . >4r>
Rubber products
.
]r>
Rubber tires and inner tubes. _ . . ^
Textile? and their products ._
d<Fabrics
_. __ d«»
Wearing apparel
_ . . . . f* >
Tobacco manufactures
. . . . d •>
Factory, unadjusted, by cities and Q tvtp»:
City or industrial area;
Baltimore
__lf'"» *;--•<
Chicago
i92,*> 17=" 1
Milwaukee
.
'" »
i\Tew York
.__
... .
Philadelphia..
.
i$.:?-" - 100
Pittsburgh
.
... _
(
J0.
.
Wilmington..
State(.
Delaware.
Illinois
. " _ . " " " - . / . " . " . " . " I 0 1 ' ''
Maryland.
_ T '>
Massachusetts
''*-* •
New Jersey
. . . ! '_1J 1
New York
lf* A i
Pennsylvania
_.
_i r '
1
Wi^consinf
._-___.
•)'" '-
95.6
|
7 |
77 3
7S (t
fit S
!
S4.
7
5". 2
7
9r.8
:.;». 9
8 ( '. 0
NJ.. <" !
^•^'.
iC.O
84 5
7S 6
70. 4
(i I
5?
it i
M.
I
r';r-
7"
'/ 1
" !
4
'
8 5.
73.
75. y
•'; : |
t *
3 !
7'J
t '
hi
Si
0
3
1
0
VJ 4
f/J
r)
49 7
M 0
12 9
S7 S
SI 2
97 7
50.9
99.4
5s. 5
92. 8
7y 0
KK 0
SO. 0
84.2
96.0
57.1
88.8
77.0
87.7
79.1
84.9
99.5
57.3
95.4
82.0
90.2
82.8
85.8
103.2
59.0
•94.7
80.9
91.1
83. 5
88.2
102.5
57.3
94.7
79.5
87.3
'81.1
'90.0
7;» 5
79.0
03. 2
97. 9
08. 3
75.9
74,4
73.5
79 5
79.6
65. 1
102. 2
70.9
77.2
76.7
76.2
85.7
81.7
07.3
105.3
71.2
79.0
79.4
'77.6
86.7
'83.4
60. 2
' 104.5
68. 2
77.1
76.4
'74.5
85.3
f \ 9
101 9
bP 5
i:> o I
7: 9
77 b |
75 ^
73 i
""). H
So. 8
70 2
SI 0
7x 9
1
' Revised.
v Pre'i "'^ *r
fKevised series Date on »i cii r.v i * ' r' 1'• 11 i" I • i>? cf * , r i n n.\ i«en t x p n r v c L'-<J3; see table 77, on p . 17 of the November 1938 Survey and table 2, p . 16 of the
December 1938 issue. For V Ivor's"! pl-% •• ' ' ) «*r« !<»Tr re n f\rki t< v,H) ». ' " " CT p _«.
^ Current are figures not strictly comparable with tho^e prior to J u i j 1'job, revised series will be shown when available.
28
SURVEY OF CURRENT BUSINESS
July 1939
1938
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
May
June
1939
I SeptemNovem- DecemOctober
I ber
ber
ber
July
January
February
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY EOLLS-Contlnued
Nonmanufacturing, unadjusted (U. S. Department of Labor):
Mining:
Anthracite
1929 = 100..
Bituminous coal
...do
Metalliferous.._
_
_do—
Petroleum, crude, producing
do....
Quarrying and nonmetallic
..do—
Public utilities:
Electric light and power, and manufactured
gas
.
,_-.1929=100_.
Electric railroads, etc
do—
Telephone and telegraph
_do—
Services:
Dyeing and cleaning
__.„
do—
Laundries
do
Year-round hotels
..do—
Trade:
Retail, total
.
_do_._.
General merchandising
_
do._,.
Other than general merehandising.-do
Wholesale
do
57. 0
17. 5
53.9
61.3
39. r>
38.3
55.3
51.2
66.7
38.3
49.7
57.0
46.1
67.6 j
37.3
20.2
56.8
38.0
66.7
37.0
20.0
64.2
43.7
66.8
39.2
29.4
71.9
46.1
66.5
38.4 i
43.4
78.3
49.2
63.7
39.2
36.2
81.4
52.3
63.3
37.2
42.5
80.9
54.1
62.5
33.7
38.0
78.2
55.3
609
30.2
45.2
81.2
53.4
62.7
29.7
34. 2
'77.8
53.6
* 61. 3
33.1
45.3
17.9
' 52. 6
'60.8
'35.9
99.4
70. 9
95.4
97.4
71.2
91.3
98.8
69.7
90.9
69.0
90.9
69.5
91.3
98.4
68.4
92.6
99.9
68.9
95.3
98.6
68.8
93.0
98.2
69.7
92.5
95.9
71. 1
92.0
96.4
69.9
91.7
96.8
70.5
'91.9
97.0
'69.6
'92.1
82.5
83.9
82.0
80.7
80.9
80.5
83.3
81.8
79.6
77.5
83.0
77.4
74.3
83.1
77.4
81.7
81.4
78.9
78.0
79.5
73.9
79.3
81.3
68.3
80.0
81.1
65.8
79.6
80.2
63.2
78.6
82.8
67.7
79.3
81.1
'73.3
'79.9
' 81. 9
71.8
87. 6
68. 5
75.0
70.0
84.4
67.0
75.1
69.5
84.3
66.4
73.8
68. 1
80.4
65.6
73.6
66.8
78.8
64.3
73.7
69.4
85.3
66. 1
74.3
70.8
88.3
67.2
75.1
71.5
91.8
67.3
75.4
79.2
122.9
70.1
75.7
69.7
84.0
66.7
75.5
68.4
81.0
65.8
74.6
' 69. fi
' 83. 4
66 8
r
74. 7
'71.2
' 85. 9
' 08.1
'74.8
23.38
23.74
23.93
24.93
25.73
26.14
26.32
26.02
25.95
26.11
26. 25
26. 27
22.43
24.29
22. 30
24.22
22.06
23.53
22.90
24.98
23.32
25.80
23.95
26. 95
23.82
27.11
24.31
27.34
23 86
26.65
' 24.06
••26.85
24. 23
' 27.10
23.82
26.98
22.75
22.17
24.11
24. 59
25.94
26.64
28.91
26.37
' 26. 70
27.01
26. 45
23.08
20.37
22.21
20.77
21.70
20.77
24.70
23.06
25. 25
23.86
26.79
26. 32
28.48
26.79
28.49
25.31
28.18
23.42
'28.47
23.04
28.81
23.93
28.07
23.05
25.77
22.89
19.21
17.89
19.42
25.
22.
19.
18,
26.01
22.44
18.64
17.87
18.29
26.94
23.40
21.02
20.43
20.90
25.93
22.85
21.31
21. 50
20.88
26.12
22.50
21.09
20. 77
20.94
26.07
22.50
19.91
19.75
19.57
27.18
22.76
20.14
20.60
19.27
26.59
22.78
19.81
19.13
19.86
26.93
22.33
19.80
20.26
18.83
27.54
23. 57
20.02
20.20
19.34
28.06
23.19
20. 08
19.74
19.94
24.34
25.08
25.57
27.05
26.43
WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
industries) _
dollars..
U. S. Department of Labor (87 industries)t
dollars-.
Durable goods
.-do
Iron and steel and their products, not including machinery
dollars..
Blast furnaces, steel works, and rolling
mills
dollars..
Hardware..
do
Structural and ornamental metal work
dollars..
Tin cans and other tinware
_do
Lumber and allied products
_do
Furniture
do—
Lumber, sawmills
do.-..
Machinery, not including transportation
equipment
dollarsAgricultural implements (including
tractors)
dollars..
Electrical machinery, apparatus, and
supplies
dollarsEngines, turbines, water wheels, and
windmills
dollars..
Foundry and machine-shop products
dollars..
Radios and phonographs
do
Metals, nonferrous, and products__do
Brass, bronze, and copper products
dollars.
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
_,
do
Transportation equipment
do
Automobiles
_.do
Nondurable goods—
do
Chemicals and petroleum refining.-do
Chemicals
_do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
„
do
Baking...
„
„
do
Slaughtering and meat packing-__do
Leather and its manufactures
do
Boots and shoes
do
Paper and printing
_.__,
..do
Paper and pulp
do
Rubber products
.__
do
Rubber tires and inner tubes.....do
Textiles and their products
do
Fabrics
_
.do
Wearing apparel
__do
Tobacco manufactures
_do
Factory average hourly earnings:
National Industrial Conference Board (25
industries)..
„
dollars..
U. S. Department of Labor (87 industries)!
dollars..
Durable goods
do
Iron and steel and their products, not including machinery
dollars..
Blast furnaces, steel works, and rolling
mills.—..
...dollars-.
Hardware
_
...do
Structural and ornamental metal work
dollars..
Tin cans and other tinware
do.__.
Lumber and allied products
.do
Furniture
do
Lumber, sawmills
do...
' Revised.
26
62
52
42
19. 76
24.96
24.68
28.37
27.36
24. 27
26.04
27.00
26.55
'27.27
' 27. 67
27.48
27.08
29.85
27.92
29.96
30.19
30.00
24.33
25.28
26.07
26.71
26.69
27.26
27.17
'27. 63
' 28. 09
27.57
27.05
28.13
28.00
28.01
28.35
29.73
29.21
30.50
30.92
30.94
24.87
21.20
24.14
25.02
22.21
25.14
25.54
22.53
26.06
25.51
22.40
25.70
26.48
22.62
25.81
26.11
22.15
21. 85
26.69
21.15
25.48
27.02
21.14
25. 67
26.79
21.19
24.89
26.32
23. 00
19.77
24. 13
32.64
33.81
21.33
28. 36
29. 90
27. 70
34. 58
21. 02
23. 43
25. 86
28. 66
18. 98
17.87
27.91
23. 92
26.91
31.27
17.03
16.43
18. 68
16. 96
27.28
23. 96
20.37
25.47
33.88
34.98
21.35
28.41
30. 88
27.83
34.45
23.63
24.11
25.30
28. 51
18.32
16.97
28.14
24. 85
27.27
31.25
17. 00
16. 65
18.01
16.84
27.14
23.82
19.46
25.68
33.64
34.89
20.85
28.26
30.22
27.34
34.86
23.74
24.22
25.21
27.54
17.22
15.41
27.58
23. 78
27.58
32. 77
16. 35
16. 35
16. 35
16.55
26.92
24. 03
20.06
25. 76
32.72
33.22
21.53
28.52
30. 72
27.80
35. 30
23.80
24. 75
25. 26
27. 69
18.62
17.11
2S. 61
23. 85
28, 4!)
33.76
17.00
16. 82
17.61
16. 92
25.79
22.98
19. 65
24.72
31.32
31. 55
21. 2S
28.63
30. 63
27.34
35. 75
24.22
24.96
25. 47
28. 05
19.71
IS. 54
27. 80
23.82
27. 72
32. 59
16.75
16.55
17.38
15.59
26.42
'23.43
'19.47
25. 04
30.69
30.80
21.49
••28. 46
30.89
27.84
'35. 23
24.15
24.83
25. 40
26. 98
'20. 19
'19.13
27. 89
24.16
27 28
31'. 68
'17.35
' 16.81
'19.03
'15.19
26.98
' 23. 72
19.59
25. 30
'30.81
' 30.87
21.01
' 28. 43
31.08
28. 30
' 35. 20
r 24. 24
25. 00
25 52
27.' 32
20. 12
19. 17
28. 37
24. 43
' 27. 40
' 32. 54
' 17. 38
16. 56
19.91
10. 22
26.43
22.96
19.46
23.37
31.88
32.47
20. 93
27.91
30.81
28.24
34. 39
23. 64
24.57
25. 11
27.23
18.73
17.58
28.08
24.11
27. 00
31.48
16. 36
15. 87
17.84
16.05
24.49
27.78
26.07
27.11
24.74
21.64
22.55
26.98
24.30
22.07
22. 20
23.99
22.11
22.93
23.78
23. 12
19.17
23. 44
28. 14
27. 65
20. 64
28. 50
29. 63
28.17
35. 78
22. 34
25.-JO
25.84
28.38
16. 66
15. 12
27.41
23. 20
23. 39
26. 67
15. 23
15. 12
15. 52
16.31
23.14
22.77
19.43
23.48
29,64
29. 49
20. 52
28. 80
29. 90
27, 79
35. 26
22. 42
21, OS
25. 76
28. 19
10. 30
14.71
27. 04
22.89
23. 75
27. 35
15.03
15. 29
14.31
16.91
24.74
25.63
21.90
22.77
18. 83
19. 56
22. 15 ! 23.95
29.43
31.22
29.56 I 32.33
20. 83
21. 25
28. 48
29.02
29.40
30.39
27.38
27. 39
31. GO
35. 25
22 08
24.16 !
24. 53
23. 18 I
25. 79
25.33
28. 63
27.93
IS. 52
19.80
17.48
18.85
27. 10
27.48
23 37
21.26
24. 84
25.39
25. 43
28.73 !
15. 67
16.87
15.72
16.56
15.50
17. 68
17.18
16. 89
.718
.719
.713
.711
.714
.714
.714
.713
. 650
.72]
.648 !
.718 i
. 635
.704
.629
.702
.632
.637
.710
.645
.724
.648
.753
.839
.680
.720
. 606
. 520
.518
.520
.725
. 6G7
.533
.524
.537
.708
.763
.753
.753
.837
.649
.841
. 653
.840
.652
.835
. 657
722
610
.728
.602
. 531
.531
.527
.728
. 5Si)
.511
. 522
.502
.731
.597
.523
.522
.519
.753
531
543
518
. 839
.658
.726
.599
.526
.524
.525
.713
.715
.649
.726
. 651
726
. 651
.729
.757
. 757
' .757
.754
.842
. 842
667
.835
.660
. 835
.651
.835
. 655
.835
.655
.727
' 608
532
.526
533
.731
.613
.541
.521
.550
.729
.610
.525
.523
.523
.731
. 608
.533
.527
.533
.731
.611
.539
.532
.542
t Revised series. See note marked witb a " t " on p. 29.
.648
.726
.753
29
SURVEY OF CURRENT BUSINESS
July 1939
1939
193S
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
May
June
July
August
Septem- October Novem- December
ber
ber
January
Febru-
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
W A GES—Con tin ued
Factory average hourly earnings—Continued:
Q. S. Department of Labor (87 industries)t—
Continued:
Durable goods—Continued:
Machinery, not including transportation
equipment
dollars-.
Agricultural implements (including
tractors)
dollars..
Electrical machinery, apparatus, and
supplies
dollars...
Engines, turbines, water wheels, and
windmills
dollars..
Foundry and machine-shop products
dollars,.
Radios and phonographs
do
Metals, nonferrous, and products..do
Brass, bronze, and copper products
dollars..
Stone, clay, and glass products
.do
Brick, tile, and terra cotta
do
Glass
do
Transportation equipment
„
do
Automobiles
do
Nondurable goods
.do
Chemicals and petroleum refining..do
Chemicals
...do
Paints and varnishes
_._.__.do
Petroleum refining
...do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing..do
Leather and its manufactures
do
Boots and shoes
_.
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and inner tubes
do
Textiles and their products
do
Fabrics
do
Wearing apparel.
do
Tobacco manufactures. _
do
Factory average weekly earnings, by States:
Delaware...
1923-25=100..
Illinois
1925-27=100..
Massachusetts
do
New Jersey
1923-25=100..
New York
..1925-27=100..
Pennsylvania....
1923-25-100-.
Wisconsinf
1925-27=100..
Miscellaneous wage data:
Construction wage rates (E. N. R.): §
Common labor
dol. per hour...
Skilled labor.
do.
Farm wages without board (quarterly)f
dol. per month,.
Railway wages (average, class I)
dol. per hour..
Road-building wages, common labor:
United States, average
dol. per hour..
East North Central.
do
East South Central..
do
Middle Atlantic
—.do
Mountain
.
do
New England
..do
Pacific—
—
....do
South Atlantic
do
West North Central.-...
.
do
West South Central
....do
92.8
93.5
92.6
.682
1.44
0.729
0.727
0.724
0. 720
0.721
0.717
0. 720
0.721
0.724
0.725
0.728
.796
.781
.781
.768
.771
.777
.794
.803
.794
.804
.803
0.726
.749
.747
.742
.738
.737
.732
.730
.736
.744
.743
.745
.776
.783
.785
.787
.788
.785
.786
.793
.788
.787
.788
.788
.713
.607
663
.714
.599
.660
.710
.610
.668
.709
. 595
.666
.710
.594
. 661
.709
.577
.659
.711
.582
.662
.712
.582
.667
.713
.591
.668
.711
.577
.665
.715
.578
.669
.712
.586
.668
.714
.640
.518
.698
.885
.920
.588
.757
.789
.693
.975
.646
.624
.615
.688
.522
.484
.769
.623
.769
. 950
.479
.473
.491
.462
.709
.641
.518
.705
.889
.925
.587
.770
.793
.697
.978
.648
.614
.613
.690
.514
.486
.774
.625
.770
.945
.479
.473
.489
.457
.714
.633
.511
.704
.883
. 930
.583
.773
.787
.707
.988
.645
. 599
.612
.691
.£15
.492
.767
.619
.774
.945
.482
.468
. 508
.460
,715
.634
.511
.712
.883
.936
,578
.763
.785
. 700
.986
. 639
.586
.615
.689
.616
. 493
.760
.617
.760
.941
.489
,464
. 531
.462
.713
.632
.536
.707
.897
.933
.577
.744
.781
.699
.9S4
. 638
.576
. 610
686
.524
. 501
.765
.613
.758
.946
.492
.462
.539
.709
.640
. 526
.710
.645
.531
.722
.906
.932
.580
.744
.776
,C95
.979
.641
.612
.611
.685
.533
. 508
.762
.612
. 756
.952
.478
.460
.510
.462
.707
.651
.537
.723
.898
.924
,584
.743
.781
.699
.974
.641
.619
.615
.679
.526
.499
.701
.651
.540
.728
.899
.921
.585
.744
.780
.699
.980
.637
.628
.617
.683
.525
.498
.765
.616
.768
.957
.484
.462
.525
.481
.704
.648
r. 542
.720
'^97
.924
.586
.742
.780
.697
r.970
.640
.632
.615
.684
.520
'.488
.768
.611
.760
.953
.489
.461
.539
.474
.705
.651
.544
.716
.898
r.926
.586
.734
.780
.698
.973
r.643
.629
.615
.689
.517
.492
.771
.614
.765
r
. 957
.491
. 462
.541
.474
.704
.648
.535
.707
.896
.925
. 582
.732
.780
.697
.973
. 647
.627
.613
.694
.518
.4P2
.770
.612
.761
.947
.479
.457
.517
.475
86.3
86.8
88.0
106.0
88.2
90.2
93.9
85.0
85.9
88.8
104.8
88.7
88.8
r
92. 9
84.7
86.7
90.4
105.4
89.7
86.7
r
89. 3
78.4
88.7
92.3
105.9
91.4
91.9
r
93. 5
82.5
88.9
93. 6
106.9
93. 8
92.5
93.5
.673
1.40
.677
1.42
.677
1.43
.677
1.43
.677
1.43
. 726
.714
.42
.62
.28
.49
.55
.44
.66
.27
.46
.37
,43
.62
.28
.49
.55
.44
66
.27
.47
. 30
.27
46
.38
294
307
42
36
43
36
1
20
.40
.59
.28
.48
.50
.45
,66
.27
.45
.36
.722
.41
.58
.28
.49
.56
.44
.66
.28
. 46
.37
.694
.976
.639
. 508
.609
.685
. 530
. 506
.764
.613
. 756
.944
.486
. 459
.531
.456
. 458
98.9
85.2
90.1
91.5
108.6
90.7
96.7
99.4
.682
1.43
.682
1.43
.727
.725
.735
.42
.59
.28
.50
.55
.45
.41
.40
.59
,29
.50
.55
85.5
90.7
93.5
110.5
92.8
96. 0
r
. 771
.' 613
.764
.961
.482
.461
.521
.469
r
89.2
92.6
94.3
111.5
93.3
98.8
101.0
89.0
91.3
93.8
110.2
93.0
98. 1
97.8
88.3
92.0
95.3
110.8
93.7
100.3
102.7
89.6
93.9
95.4
112.8
95.9
101.2
102.9
89.7
92.5
93.4
110.7
93.1
97.5
102.8
.682
1.43
.682
1.43
.680
1.43
.680
.144
.683
1.44
.740
.750
34 92
36.09
37.28
.729
.716
.878
.906
.579
.736
, 775
.59
.28
.50
.54
.46
.68
.28
.735
35.42
.37
.726
.27
.42
.35
.60
.28
.56
.51
.48
.67
.27
.41
.35
.38
!40
.37
.39
.62
.30
.54
.55
.57
.67
.28
.42
.37
325
316
310
318
308
45
41
46
44
46
45
46
46
46
41
2
2
2
2
.38
-63
.27
.59
.28
.52
.53
.51
.66
.35
.60
.27
.57
.54
.50
.65
27
. 36
.36
.51
.53
.50
.66
.26
.43
.36
311
320
326
43
35
44
35
44
36
i
1
1
2
20
19
20
21
19
21
21
18
171
172
5
168
5
156
5
150
'4
158
'5
2
2
4
2
4
2
4
2
4
2
38
39
37
36
34
35
.47
.47
.70
.27
.46
ALL PUBLIC RELIEF
Total, exclusive of transient care and administrative expense t
mil. of doL.
Obligations incurred for:
Special types of public assistance.
do
General relief
do
Subsistence payments certified by the Farm
Security Administration
mil. of dol__
Earnings of persons employed on Federal
work programs:
Civilian Conservation Corps. ._mil. of dol.
Works Progress Administration:
Operated'by W. P. A.f
do_-_
Operated by other Federal agenciesf-do
National Youth Administration:
Student aid
,
do
Work projects f
do
Other Federal work and construction
projects f
.
_.
mil. of doL.J
281
42
••37
' 294
42
37
2 j
--
18
138
17
146
151
4
163
165
5
(a)
4
40 I
35 I
5
4
39
146
6
4
39
, common labor $0,684, skilled
§Construction wage rates as of .1
r Revised.
• Less than $500,000.
f 'lov «? " h i c t o i "' h n boon ti ins:ry classifications have boon re
earnings and hours worked per v
f Revised scries. For factory weekly and hou
oftli( \5 T(h !')•>) l su( will bo
ferred from "engines, turbines, water-wheels, and windn
1
i f m d from " onferrous metals" to "iron
K1\
,( ' ( >
shown when available. Beginning July 1938, ''stamped ;
>
l
c
i
i
ti
1
"it
n\ averages prior to July 1938
R«
\
i
s
IIOI
IH
1)
and steel product?," and "railroad repair shops" have bee
1) ( M t u n«u 3S for the 87 manufacturing
will be shown when available. In addition to these changes which a
(
>es are small will be shown
L
P
ui
mo^t
in
t
a
1
Si
industries combined and for the manufacturing groups are in the pro<
M i l <.
11 MI
Data on ill pu blic relief revised beginning
when available. Farm wages revised beginning 1913; data not show
! obtained from the Social
'MiOil
Kcord
with January 1933; figures not shown on p. 29 of the April 1939 Sur
dd't on to cuinnc-,of pei^on :ertified as in need of relief,
pui l
I that the3
Security Bulletin for April 1939. The revised series differ from those
i
il
fund?
A\
ACOII
in
w
t
c
k
l
j
earnings
re\iov,d bog m m n g
1
n
nc
d
ui
\
]\o\
oi
m
p
u
i
Lorn
1
the earnings of all other persons employed on work or construction
,ibo\e will a p p e a r m
August 1937; data not s
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1837. together with explanatory notes and references
to the sources of the data may be found in the
1988 Supplement to the Survey
July 1939
103S
May
Till;
11)39
October
her
December
ber
Janu-
February
March
April
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of doL.
Held by Federal Reserve banks:
For own account
.
do
For foreign correspondents
_..do
Held by group of accepting banks:
Total..
.
mil. of dol__
Own bills..
do
Purchased bills
..._
do
Held by others
..do
Commercial paper outstanding
... do
Agricultural loan? outstanding of agencies supervised by the Farm Credit Administration:
Grand total
.
roil of doL..
Farm mortgage loans, total
do____
Federal land barks
do
Land Bank Commissioner
do
Loans to cooperatives, total •
do
BanVs for cooperatives incl. Central
Bank
.
.
mil of doL
Agricultural Marketing Act revolving
fund
.
mil. of dol..
Short-term credit, total
do
Federal intermediate credit
banks, loans
to and discounts for1
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for cooperatives c?
mil. of dol—
Other financing institutions
do
Production credit ass'ns
do
Regional agr. credit corps
do
Emergency crop loans
do
Drought relief loans
do
Joint Stock Land Banks in liquidation, .do
Bank debits, total (141 cities)
mil. of doL.
New York City..
do
Outside New York City
do
Federal Reserve banks, condition, end of mo.:
Assets (resources') total
mil. of dol._
Reserve bank credit outstanding, total
mil. of dol_Bills bought
do
Bills discounted
do....
United States securities
do
Reserves, total
do
Gold certificates
do
Liabilities, total
_
do
Deposits, total
do
Member bank reserve balances total
mil. of dol_.
Excess reserves (estimated)
do
Federal Reserve notes in circulation..do
Reserve ratio
percent_Federal Reserve reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of doL.
Time
do
Domestic interbank
do
Investments, total t__.
do.__
TJ. S. Government direct obligations_.do
Obligations fully guaranteed by U. S.
Government..
mil. of dol_.
Other securities 1
...
...do
Loans, total 1
do
Commercial, industrial, and agricultural
loans 1
mil. of do!_
Open market paper
do
To brokers and dealers in securities
mil. of dol.
Other loans for purchasing or carrying securities
mil of doL
Real estate loans.
do
Loan? to banks
d^_..
Othe~ loans 1 .
_
do...
Money and interest rute1**
Bank rates to customers:
In New
York City..
porr^nt.
In ekTht other northern and e«rtern cities
TUMTJ-T.t
In twenty-seven sou t h e m and wester n c iei?«.
percent
Bond yield* ( M o o d y ' - ) :
Afift
-.
._
do..
Bia_
do .
D i s c o u n t - a t e (N Y K R. "Hunk)
do
Federal hii'd > \!*k loinq _
__ d<> .
Feclera 1 interr>rdi;ile credit bank loan* d o . . .
Open market r.'»*<3*. ,\T Y. C •
Acceptances, prirnrs hankers
wf>.._ .
ChlMo^ns, r?new»l (NT Y S Fl/)_ __ii
C o m m e r c e 1 paper prime 0 - 6 m o ^ ' b ^
PO" CrUt.
T i m e loan*. 90 dnyr (\ T Y. S. Fi )____do._Treasury h i l K Ql iln\< (vieM)
u ;
Treasury n o t e s 3-.* years <'y:eH)
ir>
247
268
0
0
0
2
o
102
124
68
218
139
80
210
135
76
52
3.167
2, 671
1, 948
723
84
2
3. 335
2,811
2, 020
791
104
3, 336
2, 804
2,018
786
106
78
81
60
23
412
25
420
258
261
0
1
0
0
217
133
84
47
211
216
129
221
129
92
40
212
3,319
?, 795
'2,014
782
100
42
209
3,307
2, 786
2, 009
3, 290
2. 776
2,004
772
110
270
223
130
93
46
213
98
51
206
212
121
91
58
187
3,257
2, 764
1, 998
767
116
3,229
2, 751
1, 990
760
112
3.210
2,735
1,982
753
112
222
124
248
245
238
0
0
0
0
0
0
0
0
204
122
82
52
195
198
122
76
50
195
191
117
74
54
191
189
118
72
49
192
3,178
2,710
1,969
741
3,173
2, 694
1, 960
734
91
3,172
2, 683
1,955
728
86
66
61
23
389
23
403
270
0
75
25
426
273
3, 185
2, 719
1, 973
746
105
87
86
87
80
25
424
26
420
27
404
28
377
25
366
24
363
24
362
197
43
181
14
126
175
36
155
12
119
55
90
33, 235
15,140
18,096
167
35
148
12
117
55
89
29,463
12, 425
17, 039
168
34
148
11
116
55
87
39, 966
18, 879
21,087
164
33
148
11
115
55
85
32, 393
14,533
17, 860
167
34
155
11
116
54
85
27, 581
12, 380
15, 201
175
35
168
10
121
54
83
34, 486
16, 274
18,211
178
10
125
54
82
30,143
13,311
16, 832
24
370
187
38
183
10
126
54
80
31,928
14,165
17, 763
202
41
180
15
128
56
96
28, 84i
12, 828
16,013
208
43
184
15
128
56
94
32, 797
15, 637
17,160
199
43
184
14
127
56
93
30, 505
13, 828
16,677
92
28,270
12,247
16, 023
190
41
171
13
123
56
91
29, 525
13, 085
16, 440
16, 922
14,179
14, 214
14,285
14, 261
14, 573
14, 861
15, 293
15, 581
15, 639
15, 862
16,186
16, 766
2, 573
1
4
2,564
13,673
13,326
16, 922
11,535
2, 582
1
9
2,564
11,030
10,648
14,179
9,212
2,596
1
8
2,564
11,041
10, 645
14,214
9,247
2, 589
1
7
2. 564
11,049
10.642
14, 285
9,270
2, 585
1
7
2. 564
11,026
10, 640
14,261
9, 212
2,600
1
8
2,563
11,295
10.918
14,573
9,406
2,586
1
7
2,564
11,639
11,272
14,861
9,672
2, 584
1
2, 564
11,970
11,613
15,293
9,935
2,601
1
4
2, 564
12,166
11,798
15,581
10,088
2,607
1
5
2, 574
12,382
11,948
15,639
10,420
2,598
1
4
2,564
12, 561
12, 125
15, 862
10, 571
2, 5S7
1
4
2, 564
12. 951
12, 553
16,186
10, 919
2,595
1
3
2,571
13,476
13,103
16, 766
11,376
10,029
4,220
4,477
85.4
7, 665
2, 568
4,157
82.5
8,024
2, 875
4, 149
82.4
8,164
3,022
4, 135
82.4
8,179
2,941
4, 169
62.4
8,713
3,227
4,315
83.2
8,876
3,383
4, 385
83.6
8,724
3, 205
4,452
83.7
9,215
3,644
4, 339
83.9
8,936
3,387
4,353
84.2
9,157
3, 559
4,380
84.7
9,900
4,098
4,458
85.1
16, 965
5, 235
6, 675
13.554
8, 237
14, 589
5,216
5, 832
12, 202
7,844
15, 036
5, 239
5. 7S0
12, 240
7, 770
14, 951
5, 193
5, 927
12, 395
7, 655
15, 388
5,210
5, 958
12, 59 i
7, 789
15, 508
5,180
5, 799
12, 999
8,111
15,766
5, 155
6,219
13,081
8,132
16,013
5,124
6,212
13,008
8, 106
15,986
5, 160
6, 061
13,219
8,266
16,048
5,183
6, 359
13, 209
8,173
15, 965
5, 202
6,414
13, 408
8,143
15, 991
5,217
6,466
13, 388
8,096
16, 660
5,248
6,627
13. 71^
8,341
2,055
3. 262
8,126
1,411
2, 947
8, 334
1,488
2, 982
8,321
1,646
3, 004
8, 165
3,147
8, 270
1, 675
3, 213
8, 241
1, 686
3, 263
8,327
1, 682
3,220
8,317
1,732
3,221
8, 430
1,789
3, 247
8,233
2,019
3,246
8,186
2, 026
3, 266
8,191
2,026
3,347
8,071
3,822
308
3, 992
365
3, m n
3, 865
336
3, SSfi
339
3,891
344
3,892
347
3,866
338
3, 843
328
3, 767
324
3,773
313
3,814
3,841
302
840
8,198
2. 869
4, 253
82.7
602
603
649
728
712
848
305
r
183
I 36
792
648
764
676
1, I r.f'
1,5.:'i
1,161
111
1, 516
i,
Kof.
11 l
1, 521
f
118
1, 502
571
1,164
110
1, 515
572
1, 169
117
1, 543
560
1, 169
115
1,567
535
1,174
99
1, 542
1, 136
92
1, 550
539
531
1,140
94
1, 543
1,148
60
1,533
(0
2. 10
2.25
2,29
2.33
2.33
2.29
2.24
0)
0)
0)
3. 27
3
28
3. 30
3.37
3.28
3.47
3.41
3.33
0)
0)
0)
4 ib
4. 12
4. 07
4.06
4.05
4.04
4.10
4.09
0)
P.
.' i 3
3 •?]
5. fi."
L0.)
2 GO
3.10
5.23
1.00
4 00
2. 00
3.08
5.27
1. 00
4. 00
2. 00
3.01
5. 12
1.00
4.00
2.00
3.00
5. 05
1.00
4.00
1.92
2.99
4. 89
1.00
4. 00
1.50
He
1.00
1.00
1. 00
1.00
Via
1. 00
1.00
U-H
1H
H
iji
2V
2. 07
r. 07
;
•
•
;
:
•
l.ns
l.bu
4*.O
4
••(,
Me
1.0(1
:;
. 42
I
('!
!
1 <•!' i
1.00
1. 00
7
/l6
3.02
5. 15
1.00
4.00
1.50
A
1.00
.03
.03
.03
.03
.03
. 04
.67
.65
.51
.63
.50
.71
.68
• L e s s t h a n $ r««. 0 0 0
^ T - » •• - • ' <\u^-]r,
the
^ <irc e t c h i d e d f r o m t h e t o t a l s .
r
f
;i
• T n c l u - l e ^ -\ «Trv\il a n i o u n t o f F e d c r - i ! l T i T r r ' M r d ' r i t f - «'*rc• 1:* I v i ' k !( • n - i t r . v r < r . e t ^ " \ i \ -;;• ' ' ; . . - ' y .
i f B e c r i n n i p , " - F e b . S i<Wi. [ ' m o u n t - t n - v . •!>-'.> C I L . M '.•.»•! M»; 1 a i . ^ P I - ••.•::r:1 •»- ! u f ' I ' l T - . - c t l y n i r >• \ [ ' n : r b u i k p r o m i s e * o r o t h e r r e a l e s t a t e o w n e d a r e c l a s s i f i e d a s " o t h e r
a s s e t s " ( n o t s h o w n i V > v e ) . T h o s e n i ; t " i i : i M o n F e b . > , i'J. '.' J t i . e i . n l y wi-.- 1 - f. r v. h : . ' ' i c v e i l i; : . i n " : t f i ' i n - « v : i i i i b ! c ) , w e r e $ 1 7 , O ; ) ' \ n o ( ) f o r l o a n s , m o s t l y r e a l - e s t a t e l o a n s , a n d
$ 5 3 , 0 0 0 , 0 0 0 f o r s e c u r i t y . T h e r e w ^ s s -ih\y -i f r n n - f o r o n th.-it d a t e o f a ^ m ' l »irri<"j;it . ' f s : ^ f >r % ; >r"y c . . - : n • 1 a s " C o m m e r c i a l , i n d u s t r i a l , a n d a g r i c u l t u r a l " t o " o t h e r l o a n s "
1
D i s c o n t i n u e d b y r e n o r t i n g s o u r c e . N e w s c r i e s o n s o m e w h a t diU'eroLt I a>is will b e s u b a t i t u i o d v.lieu a v a i l a b l e .
r
A
. H
.70!
.71 i
S2
.or
31
SURVEY OF CURRENT BUSINESS
July 1939
Monthly statistics through December 1987, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey
1939
May
1939
1938
June
May
July
August
DecemSeptemOctober November
ber
ber
January
February
March
April
FIN AN CE~ Continued
BANKING—Continued
Savings deposits:
Savings banks in New York Stale:
Amount due depositors
mil. of dol.
U . S . Postal Savings:
Balance to credit of depositors.
_.do___
Balance on deposit in banks
do
5,471
5,307
5,336
5,329
5, 332
5, 362
5,363
5,359
5, 405
5,417
5,431
5, 478
5, 463
1, 261
73
1,255
116
1,252
116
1, 252
101
1, 252
99
1,248
98
1, 250
1,250
87
1, 252
1, 259
83
1, 263
78
1,266
78
1, 264
73
1,122
44
66
206
6
56
21
1
10
5
9
11
8
60
4
15
670
136
14, 757
876
1,158
4, 8<J3
KM)
1, 852
525
100
316
1,123
47
60
217
12
39
15
4
15
11
7
19
10
50
5
30
690
109
19,139
1,196
757
6, 860
222
717
464
165
573
480
668
328
416
1, 382
510
945
7, 879
2,447
1,073
47
59
198
2
24
19
8
15
7
8
16
4
62
6
27
665
104
15,918
841
1, 234
5,939
11
1, 622
395
265
196
94
280
304
152
1,157
166
1, 397
6,520
1, 384
1,038
51
45
210
7
32
24
2
14
7
13
20
6
58
3
24
629
103
14, 761
617
376
5, 957
100
2,143
389
295
258
221
291
293
350
991
150
476
5,385
2, 426
1, 015
34
57
173
8
37
12
2
11
6
12
9
7
41
6
22
629
122
16, 382
344
1, 128
6, 147
91
747
370
76
764
62
256
434
549
2, 254
340
204
5, 903
% 860
866
33
49
184
6
31
14
875
37
48
175
11
33
21
3
8
5
11
8
4
44
3
24
527
88
36, 528
1, 628
797
6, 285
185
1, 743
489
156
524
169
704
89
116
540
1,206
364
4,142
23,676
1,263
54
54
218
7
43
17
9
12
12
17
15
8
41
3
34
802
135
19,122
1,912
615
6,803
81
1,636
387
357
1,090
575
713
267
335
650
26
686
7,731
2,061
1,123
52
54
210
7
51
20
3
12
7
15
21
627
108
13, 219
575
607
4,110
245
1,031
478
336
81
54
206
604
305
341
106
343
5,2,51
2,676
48
55
196
6
44
13
0
10
10
12
15
7
51
8
20
586
99
12, 302
1,158
713
4,434
90
703
909
0
429
92
162
333
270
892
149
405
4,513
1, 484
963
32
45
177
12
42
18
6
18
18
9
33
4
26
528
72
14,341
347
782
5, 227
65
1, 506
480
696
204
57
261
415
124
981
77
361
6, 450
1, 535
997
47
43
172
10
38
14
4
8
5
12
16
7
30
1,140
46
51
219
6
' 62
18
11
12
9
17
13
1
41
2
27
688
136
17, 492
495
744
8, 294
100
1, 444
340
1,164
363
1,837
565
666
8
1,024
388
395
5, 566
2, 393
21, 943
4, 256
672
3,584
1,784
2, 663
22, 057
4, 276
672
3. 604
1, 797
2, 667
22, 209
4, 291
672
3, 619
1, 800
2, 665
22,302
4, 313
670
3 643
1 801
2 663
22, 413
4,334
674
3, 660
1, 792
2, 663
22, 520
4,350
674
3,676
1, 790
2,659
22, 620
4, 361
673
3,688
1, 790
2,650
22, 729
4,381
670
3,711
1, 751
2, 636
22,850
4, 395
670
3,725
1, 743
2,628
22, 929
4, 403
609
3, 734
1, 740
2,621
23, 018
4,410
667
3, 743
1. 738
2,611
23.100
4,416
667
3, 749
12,159
5, 510
2, 730
2, 764
1, 155
759
322
12, 199
5,486
2, 760
2, 756
1,197
785
333
12, 349
5. 560
12 388
12, 553
5 507 1 5, 598
12, 658
5, 603
2. 954
2. 752
1, 349
727
336
12, 629
5, 603
2, 950
2,720
1, 350
821
369
12,869
5. I'M
3, 004
2, 649
1,422
635
457
12, 884
12,
5,
2,
2,
1,
12.909
f.,fO'}
13,
5,
3.
2,
1,
S92
24
618
7M
30
COMMERCIAL FAILURES t
Grand t o t a l .
number.
Commercial service, total
do
Construction, total.
do...
Manufacturing, total
do
Chemicals and drugs
..do...
Foods
....do....
Forest products
do
Fuels
do...
Iron and steel
do...
Leather and leather products.—
do
Machinery
do...
Paper, printing, and publishing
.do
Stone, clay, glass and products
do___
Textiles
_.
do...
Transportation equipment
__do
Miscellaneous.do
Retail trade total.
do_._
Wholesale trade, total
_
do
Liabilities: Grand total
thous. of dol.
Commercial service, total.
__do.__
Construction, total
..do...
Manufacturing, total
do...
Chemicals and drugs
do__.
Foods
do___
Forest p r o d u c t s .
do...
Fuels
do...
Iron and steel
do...
Leather and leather products
do...
Machinery
_._.
.do...
Paper, printing, and publishing
do...
Stone, clay, glass and products
-do
Textiles
do...
Transportation e q u i p m e n t . . . .
do...
Miscellaneous
-do...
Retail trade, total.
do...
Wholesale trade, total—.
do...
28
281
407
212
813
44
20(5
5, 87«
1.952
11
16
4
31
0
19
618
91
12, 788
262
968
4, 985
125
1,482
237
306
255
118
255
512
112
1,055
0
528
5, 251
1, 322
15
8
50
4
18
683
124
17, 915
1,113
1,228
7, 875
55
3,2-iS
742
306
86
3(-2
18S
155
1,614
145
27''
5, 662
2, 037
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total:!
mil. of dol.
Mortgage loans, total
„
.do...
Farm
do...
Other
.._._..
do...
Real estate holdings
_--do___
Policy loans and premium notes
do...
Bonds and stocks held (book value.) total
mil. of dol.
Government (domestic and foreign)...do...
Public utility
do...
Railroad..
___do
Other
__do___
Cash
do...
Other admitted assets
do
Insurance written :($
Policies and certificates, total number
thousands.
Group.
__
do...
Industrial
do...
Ordinary
_
do.__
Value, total
thous. of doL f04, 42,v
13.27s
Group..
._
_
do...
Industrial
do...
121/J77
Ordinary
do...
Premium collections, total
__do
Annuities
do
Group
-do...
Industrial
.
do
Ordinary
_
do....
43, 076
191,618
384, (N3
254, 62!)
r>,\0 I
174
597, 773
45, f-76
170,312 !
3«2, 3S£ i
2,V; f?2 i
2, 789
2 7 r&
l',248
774
330
12
511
, 4 :2
2, 847
2, 754
1, 280
803
334
2. K85
2, 754
1, 316
732
339
592.
."<>. t-'iu
671,
43.
182,
i 441,
| 2 IS,
28,
10, 108 i
147!
950
895
974
657
424
759
4,56
2! 071
1,430
810
450
675
23
64$
30
3.-)7
21-2
729, 937
51.809
90, 3b3
r>7vv 675
3"), fif-3 277,860
."nj 2<iS
35, 905
12 118
12,1)11
9'*.. V ']
65, 146
196,751
lf>3, 895
1,089
71
755
7i2
18
21
32.
173, Cil
179
321. 367 380,
6"7 i 234,
10 M0 i 11,H4$
61,021 ! 56, 103
161, 106 i 364, ,*.f/?
2, 957
2.'653 i
1, 4 17
747
453
1,743
2, G05
065
952
003
675
435
827
444
716
20
464
232
550,801
35, 0*1
12(', 051
385. 769
243,414
19,838
10 450
61,263
151,803
2:2
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total.thous. of dol...
New England
do
l\ iddle Atlantic
„_
do....
Fast North Central.
do
I H7.
West North Central...
do
South Atlantic
......do
Fast South C e n t r a l . . . . . . . .
do
West South Central
.do
Mountain..
_
.do
11,
41.
Pacific.
do
Lapse rates
..1926-26=100..
34, .
v
\2'.\ i I I ! ' 1 .\
:"-3. 471
fit')
)!. C27
42, ill
J'). b<. 1
Ml, )'o
48, 1M
2;\ -t'/4
, 8.'>6
4?, v.')
u . >"'<•.
44, C M
107
vlO
J3 r>
R l .1
4.38. l*
570,618
. U 1 '•> j 11,547
i°*9 '.'J', : 170.752
103! 3-3 '
49 'Jv'» ! lo. 665
46.365 i 51,957
18 9H i
10,1'iS |
40,575 j
11.819 i
47) 177 !
' Revised.
f Revised series. Data revised beginning June 1934; see table 3 pp. 17-18 of the Decein ber 1938 issue.
} 37 companies having 82 percent of total assets of all United Slates lejmi reserve companies.
6B 40 companies having 82 percent of totai life insurance outstanding in ail United States legal reserve companies.
|:
i
! '7''. M0
I" 7. 7''2
,
:
729 7i,fi
;s' 827
i<u, IT) 7
171. ;,70
76.
6;;. 1 Of)
'.'7 101
'"3! •:o2
l i . Sufi
Ci, 205
Z32 0.',2
i-i t>)2
140
122
51
48
20
42.
13
46
•Jil
'2(2
3 <8
038
, «f,
233
(,77
765
577. 2 0 ' i
4'" N."2
l./.>. 717
l.i!'. 617
'.! »'
<"3. 0.7)
STi
1~; < v > 7
15. v'lS
i\ S01
495, 6"0
37. 658
110. 175
10'.). (.38
4;\ 272
ih! 771
19.070
3 \ 101
1-5.66:;
42,002
32
SURVEY OF CUREENT BUSINESS
Monthly statistics through December 1987, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey
July 1939
1938
June
July
August
1939
SeptemOctober
ber
FINANCE—Continued
MONETARY STATISTICS
Foreign exchange rates:
0.312
0.331
Argentina
dol. per paper peso,.
.170
Belgium
dol. per belga_.
. 168
Brazil
dol. per milreis...
. 059
(2)
British India
-dol. per rupee. .371
.349
Canada
dol. per Canadian doL.
.992
. 996
.052
Chile
dol. per peso..
. 052
.028
France..
_
dol. per f r a n c
.026
.402
Germany
-dol. per reichsmark__
. 401
.053
Italy
dol. per lira..
. 053
.289
Japan
dol. per yen_..
.554
'. 536
Netherlands
dol. perguilder..058
.110
Spain
dol. per peseta..
. 256
.241
Bweden
...-dol. per krona__
4. 967
4. 681
United Kingdom
.dol. per £ - .
. 654
. 616
Uruguay
_.dol. per peso..
Gold:
12,891
Monetary stock, U. 8
mil. of doL- 15, 878
Movement, foreign:
Net release from earmark^.--thous. of dol_. -251,579 - 5 3 , 947
212
36
Exports
do
52, 987
429, 440
Imports
.
do
Production:
1,022,678
Union of South Africa, total
flneounces-940,341
Witwatersrand (Rand)
do
227,621
Receipts at mint, domestic (unrefined).-do
219,161
6,415
Currency in circulation, total
mil. of doL6, 919
Silver:
317
611
Exports §
thous- of doL17, 952
6, 152
Imports
do
.428
. 428
Price at New York
dol. perfineoz...
20,440
Production, world
thous. of fine oz_.
1, 509
Canada
do
6,244
Mexico
do
4,813
United States
do
Stocks, refinery, end of month:
United States
do
6,939
Canada
.
do
495
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (167 cos.)
mil. of doLAutos, parts, and accessories (28 cos.) do
Chemicals (13 cos.)
Food and beverages (19 cos.)__-mil. of doL_
Machinery and machine manufacturing
(17 cos.)
mil. of dol._
Metals and mining (12 cos.)—
do
Petroleum (12 cos.)
do
Steel (11 cos.)
do
Miscellaneous (55 cos.)
do
Telephones (91 cos.) (net op. income)..do
Other public utilities (net income) (52 cos.) t
mil. of doL.
Railways, class I (net income)
do
Standard Statistics Co., Inc. (earnings):
Combined index, unadjusted*t
1926=100-Industrials (119 cos.)
do
Railroads (class l)*f
...do
Utilities (13 cos.)
do
Combined index, adjusted*!
do
Industrials (119 cos.)...
do
Railroads (class l ) * t — .clo
Utilities (13 cos.)
. . . . do
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of mo
mil. of doL. 4.0, 2S2 37, 424
Public issues:
Interest bearing*
do
36, 085
34, 291
Noninterest bearing*
do
551
Special issues to gov't agencies and trust
funds*
mil. of doL_ 3, 606
2,582
Obligations fully guaranteed by the U. S.
government :cf
Amount outstanding by agencies, total.
mil. of dol
4 8 ".2
Federal Farm Mortgage Corporation do___
Home Owners Loan Corporation.. _ do _.
Reconstruction Finance Corporation do._. |
Expenditures, total, including recovery ani |
relief f
.
thous of dol._.
General*
do
Recovery and relief*
.do
L'i6, "•)?,
Revolving funds, net*
do . . .
I."), '.11
Transfers to trust accounts*
do _..
Debt retirements*..*
_(io_._ •
Receipts, totalf
_„_.<io ._
Customs
. do . . .
Internal revenue
....
do ___|
Income taxes
_.do.. .j
Social security taxes*....
do __.|
0-331
. 170
.059
. 367
.989
.052
.028
. 403
.053
.289
, 553
. 058
. 256
4. 958
.652
0. 325
,169
.058
. 364
.996
. 052
. 027
.401
.053
. 284
.546
.057
.252
4.881
.642
0, 329
. 169
. 059
,368
. 994
.052
.028
. 402
.053
.287
. 550
.057
. 254
4. 929
.649
13,057
0.320
.169
.059
.358
.994
.052
.027
.400
.053
.280
.539
.052
,248
4.804
.632
0.318
.169
.058
.356
. 991
.052
.027
.400
.053
.278
.544
.051
.246
4.768
.627
13, 441
13, 940
-15, 490 - 2 0 , 942 - 2 8 . 7 8 5 - 1 3 , 2 5 5
11
131
65
17
55, 438
63, 880 165, 990 520,907
-110,177
16
562, 382
12, 946
12, 985
0.314
. 169
. 059
.352
.992
. 052
.026
.400
.053
.274
.543
.051
. 243
4.708
.620
0.311
.168
.059
.349
.991
.052
.026
.401
. 053
.272
.544
.050
.241
4.670
.615
14, 162
14,416
-7,375 - 6 2 , 387
14
16
177, 782 240,542
0.311
.169
.059
.349
.992
.052
.026
.401
.053
.272
.542
.046
.240
4.669
.614
0.312
. 169
.059
.350
.995
. 052
.026
.401
.053
.273
.536
14, 599
14,778
7, 212 !
470 i
401
4, 985
.428
25, 619
2, 528
9,224
5, 596
1,463
24,098
.428
20, 064
2,202
4, 486
5,073
1, 259
25, 072
.428
20,154
2,400
4,160
5, 441
823
24, 987
.428
16,159
2, 023
2, 781
2,879
1,344
21, 533
.428
19,511
1, 552
4,922
4,624
1, 671
10, 328
.428
7, 887
488
6, 396
552
6,824
611
4,492
633
2. 409
698
4, 075
676
7,843
355
84.4
22.9
19.2
19.2
i
1
0)
0)
0)
.241
4.686
.616
.241
4.685
.617
.241
4. 681
.616
15,014
15, 509
19,108
1,575
4,281
4,669
985, 843 1,073,084
910,084 989, 974
195, 780 209, 778
6,697
6,764
6.2
24 2
19.9
4.1
1.5
10.7
«*7.3
14.9
50. 5
5.6
4.1
4.7
10.3
25.4
56.5
44.8
74. 9
42. 1
2, 054
9,927
.428
21, 822
1,454
6,794
5, 268
3,923
7, 207
.428
1, 637
1,411
5," 067
~5,~336
4,806
652
7,432
615
8,669
255
54.1
36. 8
38.5
34. 4
76 7
90.7
38. 4
32.2
15
104.8
123.0
76.2
79. (
29 2
113.2
3.4
40. 4
44. 5
31.6
3-V 8
<* 4 ! . 0
104. 0
227, 642
6,867
2, 054
7,143
.428
187.0
78.4
38.1
20.4
d
5.4
1.0
11.1
d
7.
12.9
52.8
0.312
.168
. 059
.350
.995
.052
.026
.401
.053
.273
.531
14,106 — 4 8 , 553
10, 720 -114.842
15
231
81
to
156, 427 223, 296 365, 436 606, 027
1,014,533 1,034,928 1,046,338 1,035,341 1.041,394 1,024,057 1,028,774 1,033,939
933,929 ; 952,995 962, 757 952, 602 960, 561 944,035 946, 895 953, 916
197, 528 305, 487 286, 493 301, 593 277, 500 333, 027 235,337 233,806
6, 433
6, 464
6,482
6, 570
6,068
6,888
6,712
6,750
254 i
193
19, 186 | 18, 326
.428
.428
22,490 ! 24, 071
1,603 I
2, 112
8,417 | 9,019
4,679 | 4,530
0.312
.168
.059
.351
.996
.052
.026
.401
.053
. 273
.531
43. 6
D
0
69.3
31.9
56. 5
65. 2
v 121.8
v 62. 6
v 68. 9
v d is. 3
v 110.3
37r 187
37, 194
37, 596
38,395 I 38,426
38, 607
39, 439
39,641
39, 864
33, 903
589
33, 834
54.9
34,112
541
34, 920 I 34, 950
543
~'" '
526
34, 981
535
35, 755
528
35, 892
534
35,949 I 35,9S8
533
543
2,676 i 2,810
2, 943
3S 090
3. 156
3, 215
3,382
3, 454
3,492
.Ml
4,9f»2
1, 38^
2, S^8
609
4,987
1,383
2,888
509
5,410
1,381
2, 888
819
5,410
1, 3S1
2,888
819
5,410
1, 380
2,888
819
2, 933
5 0-4
5,001
i, no
2-9 I
O R-
2 9i7
5M,
7 r 2 P.\"
4wo 740
2, 949 j
Ml
An, 1
2'V, 170
" 5. V s
12,7*3
137
0
4«7. 44 7
7M .r09
l.".i J.2
7.0 311
4M.Mil
43.
21, ..'0
"47, 2 i '
, 1"!
r
^.\ ;30
I3,
7 1 0 ("'•'}
2S. '<<('
'>.' "M
2.V.1
^i ">rx
('~8 "S 5
693,385
391,451
250.746
( S'f."
6, 062
48 5' 'i 38, 500
626
'JS 1.
4, 191 308.152
27
24,318
301.."/2 r->2. 2V2 315.845
473
.
50, 764
hi. 979 !
2,930
98,992 I
*A\ >7
3 : 211
5 8-7
39, 985
662, IP 1
347, <• t'j
254, P 2
10 Sol
50, (H)0
12,'
*J.
417, 3 iM , 7 , 7 ,
40, 063
36, 033
538
') 000
3 3 3 ' ; IS
'li|
56, S-? ^c ; 123, »70 I 3
* Deficit.
v Preliminary.
V>» iiirr*».<e'n e^m
- M (- ) .
• N- uu m
coTTipanips
s-l. ii gs ^hi tj lt iyr ..
i r ibw et ir of
wi u
i i r i i n i " v i inr-luded
H i , , , . . , . ^ . . 1 varies
. UI.UL'
1
Quotations n o t available F e b r u a r y - \ p r i l I'j'-iO.
non-iiLii t h r o u - h A p r i l 8, 1<J'3{); torni orarily d i s c o n t i n u e d t h e r e a f t e r .
j
*New series. N e w items for Federal Lrr<>^ <'er>t bpmi'niM? TM ^ V>\f\ *\| dwl
fnr
hi»drr,il
expeu(jHur'
s
begLwning
J
u
l
y
1931
i
• • 22,
- - p . 17, of t h e
in table
1
April 1939 issue. D a t a on receipts frou <.i><•••. 1 <*rount.\ 1 . »t «. I cL < M,,, J T M
ii* •. " • 1 i ij', t .1 "i a S I / , H qi.(( i nin i 1 ' '~
u\
tRevised series. T h e S t a n d a r d S t a t i o n - Co. uA^x of ruiiro-i 1 c i'i. it, •' ' ; {] - »'' l i l ! '*'i'i " ' « i i \ Ka\o 1. 01. nvi««c(l hc«inr.ing 1932; see t a b l e 25, p . 18, of t h e April 1939
issue. T o t a l Federal expenditures a n d receipt^ rev ise'i be-unum;/ JH) \ I '<', <•(•• t ibios J j aj) i J 3 , p 17, of t h e A p r i l 1939 S u r v e y .
§Revised series. D a t a revised for 1<U7, see table l\\ i> 11 o: i1 e \ j n l
v tie
cfBy an act of Congress dated M a r c h 8, 1938 (Public, N o . 442), t ^ C
nofjity C r e d i t C o r p o r a t i o n w a s given a u t h o r i t y t o issue fully g u a r a n t e e d obligations. T h e first
such issue, to t h e a m o u n t of $206,174,000, was in M a y 1938, and i? s-cn 'nclucl'f-<\ in " r o t M Rmounr o u t i t a n c i i n g , b y a g e n c i e s . " Also i n c l u d e d in t h e t o t a l is a small a m o u n t of
g u a r a n t e e d d e b e n t u r e s of t h e Federal H o r s i n g A d n i l r i s t r a ' o r , u r d b« g mur g: w i t n F e b 193(», $114,146,000 for t h e U S. H o u s i n g A u t h o r i t y .
t As a result of a consolidation, n u m b e r of companies redured fiom 5." t '•2 b e g i n n i n g J u n s 14;38.
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.
33
SURVEY OF CURRENT BUSINESS
July 1939
1938
1939
May
May
June
July
1939
DecemOctober NovemAugust September
ber
ber
January
February
March
April
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Contd.
Receipts, total—Continued.
Internal revenue—Continued.
Taxes from:
1,425
1,606
1,624
1,619
1,669
1,395
1,596
Admissions to theaters, etc.-thous. of dol—
2,052
1,021
1,273
1,155
937
1,429
1,188
Capital stock transfers, etc
do
345
279
197
449
305
400
466
Sales of radio sets, etc
do
Government corporations and credit agencies:f
Assets, other than interagency, total
11, 365
11,317
11,319
11, 389
11,167
11,359
mil. of dol..
8,524
8,514
8,452
8,496
8,507
8,476
Loans and preferred stock, total
do
Loans to financial institutions (incl. pre1,363
1,357
1,333
1,329
1,358
1,327
ferred stock)
mil of dol
491
495
471
475
468
502
Loans to railroads
do
2,335
2,357
2,340
2,368
2,346
2,330
TTome and housing mortgage loans do
Farm mortgage and other agricultural
3,484
3,491
3,499
3,467
3,466
3,494
loans
mil. of dol—
821
837
856
847
807
854
All other __
__ __
_. .
do _
U. S. obligations direct and fully guaran814
809
834
843
837
844
teed
mil. of dol—
432
438
413
430
451
447
Business property
do
666
667
698
733
670
673
Property held for sale
do
901
903
979
717
866
883
All other assets
_
do _
6,773
6,941
7,129
7,112
7,229
7,075
Liabilities, other than interagency, total-do
Bonds, notes, and debentures:
4,852
5,001
5,010
4,853
5,064
5,001
Guaranteed by the U S
do
1,372
1,365
1,346
1,346
1,378
1,352
Other
do
575
743
755
737
786
722
Other liabilities incl reserves
do
374
372
377
379
370
379
Privately owned interests
do
Proprietary interests of the U. S. Govern3,830
3,764
3,815
4,014
4,078
3,905
ment
mil of dol
Reconstruction Finance Corporation, loans outstanding, end of month:f
Grand total
thous. of dol— 1,727,285 1,711,652 1,717,719 1,671,575 1,690,171 1,710,379 1,738,298
Section 5 as amended, total
do __ 677,468 641, 831 642,167 647,034 652, 527 662,155 679, 677
Banks and trust companies, including
receivers
thous. of dol._ 108, 834 135, 785 133, 613 132, 072 129, 707 127, 783 127,257
2,194
2,133
3,037
2,376
2,218
2,098
2,288
Building and loan associations
do
2,854
3,549
3,530
3,526
3,494
3, 510
3,471
Insurance companies
do
98, 256 100, 232
98, 237
96. 287 103, 339 114,925
Mortgage loan companies _.
do _ 121,075
436, 612 390, 233 393, 699 398, 304 414,928 419,364 426,046
Railroads, incl. receivers
do
5,056
11, 651
10, 781
10, 681
5,901
6,042
5,880
All other under Section 5
do
Emergency Relief and Construction Act,
total, as amended
thous. of dol__ 134,496 242, 807 238, 025 186,838 198, 309 199, 691 205,916
Self-liquidating projects (including financ241, 850 237, 079 185,893 187, 365 188, 748 190,154
108,995
ing repairs)
thous. of dol
Financing of exports of agricultural sur10,047
24,737
47
47
47
10,047
15,047
p'uses
thous. of dol
Financing of agricultural commodities and
764
898
896
910
899
715
897
livestock
thous. of dol
Direct loans to business (incl. participa92,137
73, 616
76,093
80,897
84,887
98, 224
tions)
thous. of dol 114, 498
Total Bank Conservation Act, as amended
thous of dol._ 580, 238 564, 305 561, 257 554,925 553, 503 553, 307 551,637
220, 585 189,093 200,177 201, 882 200,945 203,089 202, 844
Other loans and authorizations
do
1,985
2,226
568
2,020
1,754
593
1,564
1,650
576
1,503
1, 394
404
1,607
1,083
353
1,385
1,259
287
11, 335
8,502
11, 451
8,562
11, 515
8,527
11, 650
8.509
11, 696
8,523
11, 688
8,497
1,321
503
2,326
1,344
511
2,335
1,314
512
2,329
1,291
508
2, 327
1,278
505
2,324
1,292
509
2,323
3,486
865
3,486
886
3,469
902
3,460
923
3,456
960
3,459
913
845
452
679
856
7,016
855
456
689
889
7,048
868
4,60
698
961
7,117
874
465
708
1,095
7, 588
885
468
712
1,108
7,592
849
472
712
1,157
7,592
4,994
1,323
700
382
4,992
1,317
739
381
4,987
1,327
757
383
5,410
1,369
809
384
5,410
1,374
808
386
5,410
1,379
803
387
3,936
4,022
4,015
3, 678
3,718
3,709
1,754,152 1,814,364 1,781,297 1,769,382 1,782,388 1,722,507
690, 546 710, 084 671, 534 665, 040 674, 555 683, 218
125,153
2,036
3,052
126, 534
428.041
5,730
121,611
1,975
2,997
141,221
436,094
6,186
118, 832
1,967
2,976
103,978
437, 789
5, 992
116. 791
1, 930
2,926
101, 438
436,139
5,816
113, 873
1.962
2,900
110,587
439, 560
5,673
111,044
2,962
2,871
117, 326
443,840
5,175
205,851
201, 633
208, 067
205, 625
204, 811
131,389
190,108
180,890
182, 265
181, 840
181, 027
107, 578
15,047
20,047
25, 047
23, 047
23, 047
23,047
696
696
755
738
737
764
103, 598
107, 747
109,419
110, 664
112,048
112,531
550,104
204,053
588, 835
206, 065
584,551
207, 726
578,032
210, 021
576,117
214, 857
579, 774
215, 595
CAPITAL FLOTATIONS
New Security Registrations ^
{Securities and Exchange Commission)
New securities effectively registered under the
Securities Act of 1933, total
thous. of dol_.
Estimated gross proceeds (total registrations,
less securities reserved for conversion)
total
thous. of dol__
T y p e of security:
Common stock
_
__
do
Preferred s t o c k . . .
do _
Certificates of participation, etc
do
Secured bonds
do _
Debentures and short-term notes
do
T y p e of registrant:
Extractive industries
do
Manufacturing industries
do
Financial and investment
do
Transportation and communications-do
Electric light and power, gas, and water
thous. of dol._
Other
do
S counties not presently intended to be offered
for cash sale for account of registrants:
Registered for account of others.thous. of dol_.
Registered for options and for other subsequent issuance
thous. of dol
Other securities not intended for cash
sale
thous. of dol_.
57,062
93, 634
272, 448
223, 897
394,433
125, 207
411,878
303, 280
144, 625
139, 672
21, 676
86, 286
307, 754
55, 588
85, 276
231,123
222, 595
315, 968
106, 767
405,063
249, 989 "140, 709
139,075
21, 366
69,242
277, 657
20, 473
22, 2C0
3,406
9,449
0
13, 470
23, 397
22, 694
18,215
7,500
12,092
3,225
8,992
33, 955
172,859
19, 443
2,962
51,510
64,181
84,500
26, 477
4,557
18,431
169,262
97,240
20,932
7,697
23,038
350
54, 750
14, 423
4,438
8,179
267,093
110, 930
51, 526
21,441
10,354
46, 865
119,804
23,124
18, 566
12,968
57, 413
16,061
5,927
38, 762
22, 573
900
70, 913
9, 645
2,707
3,875
5,139
0
12,393
1,741
4,008
28, 488
22, 613
47,438
27,900
1, 766
116,991
83,562
234
3,779
17, 024
250
1,074
31,964
31,094
0
563
101,158
8,528
30,555
0
117,693
68, 253
29,978
417
38,319
29,956
0
6,341
59,681
39, 944
0
377
57, 226
70, 787
0
4,548
31,981
42, 528
4, 239
8,281
11, 096
36, 639
0
523
7,200
22,390
G
0
6,821
6,660
1,827
280
35, 763
4,758
0
342
146, 450
6,271
5,305
31, 605
2,696
21,145
0
84,919
5,402
3,255
3,415
243,412
3,864
0
800
275,173
1,500
103, 219
63, 475
82, 280
2,414
108, 512
450
5,090
969
27, 506
935
117,712
1 577
3,777
1,447
9,604
310
4,278
5,992
1,673
7,334
10, 215
3,135
971
4,862
11,525
219
4,389
7,406
2,288
23,114
56
0
23,931
0
0
420
170
2,086
20, 365
25, 590
270
13
5
169
45. 311
204
2
0
3, 615
1.930
28, 379
« The total includes $12,576,000 of face amount installment certificates.
^Series differ from current presentation of the Securities and Exchange Commission, due to a reclassification of certain items, but data as shown here are comparable
throughout. When earlier data are available on the new basis, they will be presented in the Survey.
tRevised series. Data on Government corporations and credit agencies have been revised beginning June 1937 due to changes in the underlying U . S . Treasury Department compilations and are not comparable with the series shown in the 1938 Supplement. Several new series on loans and assets have been brought out, but no changes have
been made in the series on liabilities. Data not shown on p. 33 of the November 1938 Survey will appear in a subsequent issue. For Reconstruction Finance Corporation
loans outstanding, minor revisions prior to those shown on p. 33 of the April 1939 Survey will appear in a subsequent issue.
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may bs found in the
May
19S8 Supplement to the Survey
July 1939
1938
June
May
July
1939
August September
October
Novem- December
ber
January
February
March
April
FINANCE—Continued
CAPITAL FLOTATIONS-Contd.
New Security Registrations—Contd. 1
(Securities and Exchange Commission)
Estimated gross proceeds (total registrations
less securities reserved for conversion)—Con.
Selling and distributing expenses:
Commissions and discounts.-thous. of dol..
Other selling and distributing expenses
thous. of dol..
Estimated cash proceeds to be used for:
Total
_
do....
Organization development
do
Purchase of:
Plant and equipment^
-do
Other assets
do
Securities for investment
do
Securities for affiliation..
.do
Increase of working capital
do
Retirement of preferred stock
do
Repayment of bonds and notes
do
Repayment of other indebtedness..do
Miscellaneous
_
_
do
Securities Issued
2,128
2,164
4,378
7,761
6,675
5,412
8,293
6, 287
4,387
4,013
1,190
235
557
1,175
1,051
2,088
881
2,016
1,180
681
904
215
28, 865
25
51,129
226
208, 291 211,172
26
6
279,8
94, 257
490
347, 770
90
211,052
858
125, 424
1,920
131.022
291
14, 956
201
58.8S6 I 229,546
1,690 I
190
213
92
15,27S
46
3, 769
239
8,641
561
0
9,851
1,472
1,105
0
9,050
0
19,937
9,470
20
105,144 108,238
232
8
6,497 62,979
0
119
5,503
16, 423
25,053
0
1,505
55,477
7,860
24, 385
9
42, 330
0
27, 241
40
5,029
13,819
175,812
15, 436
37
50, 306
667
31, 654
123
5,625
0
180
5,012
200
10,139
0
21, 745
0
8,716
447
270, 494
36,139
0
38,017
0
38,375
798
2,997
18,168
88, 743
36
23,060
10,142
180
27, 669
0
8,400
10, 494
64, 567
2,036
16
1,915
0
20,399
0
1,675
35, 523
69, 058
3,161
0
3,453
13
2,416
0
4,239
0
3,303
1,331
4,534 |
1,936
3
24
3, 629
1,965
0
500
70, 605
13,195
1,034
191
36, 531 147,471
4,629
267
10
513,132
348,765
345,879
202, 316
417,936 238, 368
182, 286 146,033
181,836 146,033
127,014 84, 937
765,188
166,908
166,908
63,922
395,808
220, 893
195,893
43, 521
83, 099
0
820
1,018
61,484
300
1,950
188
37,385
40
1,344
4,753
43, 995
0
11, 752
3, 798
2, 300
2 600
0
927
16, 722
0
1, 278
571
5,
8,400
52, 696
0
0
0
0
92, 335
92, 335
65,136
0
102, 986
0
0
0
0
599,280
599, 280
274,237
0
152,373
25, 000
0
25,000
0
174,914
134,914
107, 702
55 000
126,457
0
0
0
0
288 181
285 556
250 493
118, 146
76, 557
20, 000
0
20, 000
0
56, 809
56. 809
JO 386
310, 090
43, 890
0
0
0
0
163, 173
163, 173
136,115
65
2,767 j
4,679
627
1,443
(Commercial and Financial Chronicle) f
Securities issued, by type of security, total (new
capital and refunding)
thous. of dol_. ,312,007
116, 623
New capital, total.
.do.
116,623
Domestic, total.
.do.
20, 990
Corporate, total
do.
Bonds and notes:
17, 928
Long term
do.
0
Short term
do.
1,970
Preferred stocks
..do
1,092
Common stocks
do
Farm loan and other government agencies
thous. of dol. . 1,550
94, 083
Municipal, States, etc.
_do
0
Foreign, total
do.
0
Corporate...
do.
0
Government.._
do.
0
United States possessions
_do.
1,195,383
Refunding, total.
_do.
Domestic, total
_do. 1,179,633
151, 002
Corporate, total
_
do.
Bonds and notes:
126,102
Long term
.do.
4,500
Short term
do
20, 400
Preferred stocks
do
0
Common stocks..
do
Farm loan and other government agencies
thous. of dol__ 1,021,414
7,217
Municipal, States, etc
_ _do.
15, 750
Foreign, total
_do
10,
500
Corporate
do
5,250
Government
.do
0
United States possessions
do
Securities Issued by type of corporate borrower:
182,
492
total.
-thous. of dol.
20, 990
New capital, total
do
3,987
Industrial...
do
Investment trusts, trading and holding
0
companies, etc
thous. of dol_.
100
Land, buildings, etc.
do
403
Public utilities
do—
1, 500
Railroads
do
15,000
Shipping and miscellaneous
do
161, 502
Refunding, total
do
2,000
Industrial
_
...do
Investment trusts, trading and holding
0
companies, etc
thous. of dol.
202
Land, buildings, etc
do___
154,
400
Public utilities
do
4, 900
Railroads
do._.
0
Shipping and miscellaneous
do
(Bond Buyer)
State and municipal issues:
Permanent (long term)
thous. of dol. 102, 788
Temporary (short term)
do... 108, 882
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
Corn.
r
_
mil. of bu.
do—.
721
137
220, 377
158,943
158,881
37, 512
19, 668 192,534
0
2,000
9,308
15, 650
474
194
469, 697
390, 633
390,133
130, 276
127, 826 123,304
0
600
0
3,143
1,850
567
0
13,550 216.450
33,150
88, 219 130,013 43,407 54,822
2,886
500
450
63
0
0
0
63
0
0
0
0
2,886
500
450
0
164,367
235,
650
79,
064
61,434
61,434 164, 367 79,064 235, 650
55, 545 211,141
25, 692 98,791
529,
241,
241,
59,
182
001
001
544
277,
220,
200,
5,
339
531
531
827
723
550
550
571
239, 915
162,258
162,258
52,965
I 355,941
142,621
142, 171
77, 060
42>S09 j 46,533
0 i
0
891
1,020
9, 2G5
29, 507
4, 325
104, 968
0
0
0
0
77, 658
74, 658
46, 689
1,950
63,161
450
0
0
450
213, 320
160,820
129, 249
25, 692
0
0
0
98, 041
750
0
0
55, 545 211,141
0
0
0
0
0
0
64,956
0
180
0
273,706
0
0
531
85, 266
4,000
18,436
0
239,520
0
10 974
0
5 200
5 000
0
186
101, 286
0
34 829
0
46,366 | 105, 913
0
0
200 I 23,336
123
0
30, 810
4,932
0
0
0
0
51, 500
14, 076
0
0
0
0
20,250
3,269
0
0
0
0
5,600
21, 599
0
0
0
0
322, 862
2,181
0
0
0
0
21, 700
5,513
40,000
0
40,000
0
20 250
14 813
2 625
0
0
2 625
19 250
27, 172
0
0
0
0
17, 050
10, 008
0
0
0
0
15,023 | 20. 750
12,946 ! 10, 820
3,000 [ 52, 500
0 ! 52, 500
3,000 I
0
0
0I
150, 073
84, 937
80, 838
337,159
03, 922
40,561
151,223
43,521
18,284
310,038
59, 544
48 801
16 213
5 827
1 027
159 686
23 571
20 171
99, 654
52, 965
18, 558
258, 809
77, oeo
7o', 981
0
500
375
630
1 170
2,475
0
0
2 500
550
10 386 136 115
3 986 !
12
0
0
4, 202
30, 135
71
46, 689
15, 301
500
0
579
0
0
181, 749
GO, 175
12 755
720
106 500
1 600
0
63,266 301,107
37, 575 202,316
18, 405 143,261
13, 500
11,009
0
0
0
0
185,821 338,155
130, 276 127,014
120, 365 69,550
0
725
16, 905
0
1, 540
25, 692
2,002
600
350
51, 775
6,330
0
98, 791
4,507
100
107
9,704
0
0
55,545
5,500
3,000
1,350
49,965
3,148
0
211,141
41, 659
0
747
2,612
740
0
65,136
16,180
0
1,420
20,441
0
1,500
273, 237
14, 458
0
240
21, 285
0
3,712
107, 702
44, 656
0
394
6 461
0
3 888
250, 493
56 404
0
120
23,570
0
0
0
0
94,284
0
0
0
0
100
4,000
46,045 169, 382
0
0
0
0j
0
7,132
41,824
0
0
0
120
258, 659
0
0
0
0
63,046
0
0
0
416
139,795
46, 378
7,500
0
850
300
5,000
250
0
86
111,029
12,000
1,500
0
0
31 3SS
0
0
149,915
18,414
111,273
112, 525
50,649
142, 760
67,202
53,684
86,959
132,234
154,875
169, 736
47,031
128,654
43, 764
104,966
88, 656
r 60, 4C9
170, 769
513
49 425
92 336 I ' 1 0 5 332
512
115
892
125
764
206
701
139
380
133
336
147
325
138
300
104
168
71
725
180
Revised.
Includes reimbursement of corporate treasuries tor capital expenditures.
1 See footnote marked " 1 " on p. 33.
t Revised series. Data revised beginning Jan. 1937; see table 26 on pp. 15 and 16 of the May 19391 ssue.
540,
377,
377,
23,
202
81
106
35
SURVEY OF CURRENT BUSINESS
July 1939
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
1939
May
1939
1938
June
May
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
FINANCE—Continued
SECURITY MAEKETS
Brokers Balances (N. Y. S. £. members
carrying margin accounts)
Customers' debit balances (net)
mil. of dol_.
Cash on hand and in banks
do_ _
Money borrowed. . . .
_. _ - do
Customers' free credit balances
do
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars..
Domestic.
_
.
do .
Foreign
do
Dow-Jones & Co., Inc. (40 bonds)
percent of par 4% bond_.
Industrials (10 bonds)
do
Public utilities (10 bonds)
do
Rails, high grade (10 bonds)
do
Rails, second grade (10 bonds)
do
Standard Statistics Co., Inc. (60 bonds)
dol. per $100 bond..
Industrial (20 bonds)
do
Public utilities (20 bonds)
. . do
Rails (20 bonds)
do
Domestic governmental issues:
Municipals (15 bonds)
do
U. S. Treasury!
do
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
--thous. of dol.
Par value
do
On New York Stock Exchange:
Market value
thous. of dol—
Par value
do
Sales on N.Y.S. E., exclusive of stopped
sales (N. Y. S. E.) par value:
Total
_
_.thous. of dol._
U. S. Government
do
Other than U. S. Government:
Total
do
Domestic
_
do
Foreign __ . _ _ . _ do
Value, issues listed on N. Y. S. E.:
Par value, all issues
mil. of dol..
Domestic issues
do
Foreign issues
do _
Market value, all issues
do
Bomestic issues.
,
do
Foreign issues
do. __
Yields:
Bond Buyer:
Domestic municipals (20 bonds)...percent..
Moody's:
Domestic (120 bonds)
do
By ratings:
Aaa (30 bonds).._
do
A a (30 bonds)
do
A (30 bonds) .
_.
do.__
Baa (30 bonds)..
do
By groups:
Industrials (40 bonds)
do.
Public utilities (40 bonds).
do .
Rails (40 bonds)
do
Standard Statistics Co., Inc.:
Domestic municipals (15 bonds)
do
U. S. Treasury bondst
- do
828
183
561
230
760
208
482
243
774
215
495
258
843
209
528
284
864
200
571
272
823
213
559
257
905
196
617
270
939
189
662
252
991
190
754
247
971
192
713
235
967
168
709
222
953
174
699
225
831
190
579
236
92.92
96. 09
59.73
87.78
90.81
59.64
88.98
91.97
60.54
90.19
93.32
60.76
89.40
92.53
59.89
89.08
92.10
59.72
90.67
93.70
61.20
90.34
93.33
61 02
91.27
94.35
60 11
91.03
94.25
58.55
91.85
95.01
59.68
91.80
94.99
58.43
91.56
94.83
57.40
67.09
101.70
97.06
75.31
38.16
60.36
104.88
97.68
72.55
30.55
68.72
107.75
99.65
75.10
39.09
65.68
109. 37
99.05
74.14
35.47
0)
0)
0)
0)
0)
0)
0)
(0
0)
0)
0)
0)
0)
<l)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
(0
80.2
84.8
101.0
54.8
76.5
80.4
94.0
55.1
75.3
80.0
94.0
52.0
80.8
85.0
97.3
60.2
81.3
85.7
98.1
60.0
78.7
84.2
96.3
55.7
81.8
86.8
98.6
59.9
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
83.8
99.7
54.5
118.1
108.3
113.6
104.0
113.6
103.9
114.2
103.8
115.2
104.0
111.7
103.0
115.2
104.3
116.6
104.0
116.5
104.1
117.3
104.4
117.3
104.8
117.9
106.0
116.4
106.6
125, 737
160, 552
116,394
161,697
119, 899
169, 072
157, 370
232,147
117,162
161,552
110,826
148,992
166,812
237, 245
139, 760
207, 719
146,188
259, 364
157, 278
224, 622
126, 687
166,855
179,440
245,123
119,057
165, 925
93,060
123,104
89, 587
127,972
96, 606
140,524
127,133
194,877
93,667
130,647
92,923
126,207
133,469
195,775
107, 389
169,415
116,550
221,469
119,160
178, 731
86,903
121, 222
137, 021
195, 394
92, 210
133, 554
123,104
121,156
6,844
144, 821
9,729
178, 265
7,618
120, 363
6,161
133,954
17,163
185,179
7,673
155, 868
4,419
217, 609
6,535
159,611
7,581
118,993
4,871
185, 513
11,889
122,804
114,312
96, 654
17,658
135,092
118,695
16,397
170,747
152,580
18,167
114,202
96,692
17, 510
116, 791
94,417
22,374
177, 506
155,698
21,808
151,449
130,133
21, 316
211,074
185, 528
25, 546
152,030
131,490
20,540
114,122
96, 722
17,400
173,624
139,909
33, 715
48,244
43,551
4,693
42,347
39, 548
2,799
49,177
44,489
4,687
43, 757
40, 919
2,838
49,409
44,657
4,752
44,561
41, 674
2,887
49,424
44,676
4,748
44,183
41,339
2,844
50,331
45, 649
4,682
44,837
42,041
2,796
50, 225
45, 546
4,679
45, 539
42, 675
2,864
50, 301
45, 640
4,661
45, 442
42, 597
2,844
51, 554
46, 920
4,634
47,053
44, 268
2,785
51, 587
46,933
4,654
46,958
44, 233
2,725
51,466
46,862
4,604
47, 271
44, 524
2,748
52, 670
48, 071
4,599
48, 352
45, 665
2, C87
0)
0)
0)
0)
0)
52, 647
48, 056
4,591
48, 921
46,179
2,742
0)
0)
(1)
0)
52, 564
47, 975
4,589
48,128
45, 493
2,634
2.66
3.05
3.00
3.01
2.88
2.98
2.90
2.83
2.78
2.76
2.80
2.72
2.78
3.78
4.28
4.40
4.17
4.09
4.17
4.03
3.95
3.95
3.86
3.81
3.74
3.84
2.97
3.16
3.92
5.07
3.22
3.56
4.28
6.06
3.26
3.68
4.41
6.25
3.22
3.62
4.21
5.63
3.18
3.57
4.13
5.49
3.21
3.60
4.20
5.65
3.15
3.53
4.08
5.36
3.10
3.46
4.02
5.23
3.08
3.42
4.02
5.27
3.01
3.32
3.97
5.12
3.00
3.26
3.94
5.05
2.99
3.22
3.87
4.89
3.02
3.22
3.97
5.15
3.30
3.45
4.60
3.51
3.90
5.44
3.55
3.90
5.75
3.48
3.79
5.25
3.43
3.76
5.09
3.50
3.82
5.18
3.43
3.73
4.94
3.39
3.65
4.83
3.40
3.63
4.82
3.31
3.57
4.70
3.29
3.52
4.63
3.29
3.48
4.46
3.35
3.51
4.66
2.66
2.17
2.91
2.51
2.91
2.52
2.87
2.52
2.82
2.51
3.02
2.58
2.82
2.48
2.74
2.50
2.75
2.49
2.70
2.47
2.70
2.44
2.67
2.34
2.75
2.30
Stocks
Cash dividend payments and rates (Moody's):
Annual payments at current rates (600 companies)
_.
.
mil. of dol _ 1, 339. 27
Number of shares, adjusted
millions. _. 935.03
Dividend rate per share (weighted average)
1.43
(600 cos.)
dollars3.01
Banks (21)
do
1.31
Industrials (492 cos.)
do
2.33
Insurance (21 cos.) ._
. d o
1.92
Public utilities (30 cos.)..
do
.90
Rails (36 cos.)
.
do _
Dividend declarations (N. Y. Times):
Total
thous. of dol_. 377, 394
358,417
Industrials and misc
_ _ _ . - do
18, 976
Railroads
.
do
Prices:
Average price of all listed stocks (N. Y. S. E.)
60.2
Dec. 31, 1924=100
Dow-Jones & Co., Inc.: (65 stocks)
44.47
dol. per share.
132. 69
Industrials (30 stocks)
do
23.07
Public utilities (15 stocks)
do
27.05
Rails (20 stocks)
do....
i Discontinued by the reporting source.
fRevised series. Revised data for U. S. Treasury bond
1939 Survey.
1,328.37 1, 287.10 1, 288.80 1,295. 20 1,293.92 1, 293. 59 1, 328.16 1,315.04 1,316.25 1,329.91 1, 334.15 1, 337. 76
929.10
929.10
935. 03
929.10
929.10
929.10
929.10
935.03
929.10
935.03
935.03
935.03
1.43
3.07
1.27
2.37
1.91
1.29
1.39
3.00
1.22
2.22
1.94
1.18
1.39
3.00
1.23
2.24
1.94
1.09
1.39
3.00
1.24
2.24
1.94
1.09
1.39
3.00
1.24
2.24
1.93
1.09
1.39
3.00
1.24
2.24
1.93
1.09
1.43
3.00
1.29
2.24
1.94
1.05
1.41
3.01
1.28
2.31
1.92
.85
1.41
3.01
1.28
2.31
1.91
.90
1.42
3.01
1.30
2.31
1.91
.90
1.43
3.01
1.30
2.31
1.92
.90
1.43
3.01
1.31
2.33
1.92
.90
366,435
353,652
12, 783
222,001
207, 374
14, 627
167,170
157,175
9,995
240,965
230,994
9,970
185,428
182, 735
2,693
180, 506
169,901
10, 605
509,160
486,396
22, 765
247,569
229, 916
17, 653
194,118
181,480
12, 638
303,839
289,412
14,427
186, 095
182, 522
3, 573
154, 076
147, 635
6,440
48.1
58.3
62.2
60.6
60.6
65.4
64.1
66.2
62.6
64.4
57.0
56.6
36.38
114. 20
22.00
19.09
38.73
118.79
19.38
21.82
46.05
139.47
21.64
28.16
46.13
140.97
20.01
28.49
43.98
137.04
18.49
25.62
49.64
150.36
22.92
30.62
50.32
151. 96
23.35
31.29
49.32
150.12
21.94
30.52
49.13
146. 87
23.30
31.20
48.68
144.60
24.94
30.31
48.99
145. 06
24.84
31.07
42.68
127. 73
22.05
25.75
prices beginning 1931, and TJ. S. Treasury bond yields beginning 1919, appear in tables 17 and 16, p. 18 of the March
36
SUEVEY OF CURRENT BUSINESS
1939
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
May
July 1939
1939
1938
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—Continued:
New York Times (50 stocks)._dol. per shareIndustrials (25 stocks)__
do
Railroads (25 stocks)
do
Standard Statistics Co., Inc.:
Combined index (420 stocks)
1926=100..
Industrials (350 stocks)
do
Public utilities (40 stocks).
do....
Rails (30 stocks)
do
Other issues:
Banks, N. Y. C. (19 stocks)
..do....
Fire and Marine insurance (18 stocks) _do__
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value.-—
mil. of dol..
Shares sold
thousands..
On New York Stock Exchange:
Market value
mil. of dol._
Shares sold
thousands..
Exclusive of odd lot and stopped sales
(N. Y. Times)
.thousands..
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol._
Number of shares listed_.
millions..
Yields:
Moody's, common stocks (200)
percent..
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
do
Public utilities (25 stocks)
do
Rails (25 stocks)
..do
Standard Statistics Co., Inc., preferred stocks:
Industrials, high grade (20 stocks).percent.-
94.19
167. 73
20.67
80.47
143. 93
17.01
85.70
153. 92
17.49
98.90
175.95
21.85
99.74
177. 53
21.95
95.68
171. 70
19.68
106. 81
189.69
23.95
105.29
186.99
23.59
105. 36
186.99
23.74
102.73
181.82
23.64
102. 22
181.21
23.24
100. 59
178. 01
23.18
90.46
161. 51
19.41
83.1
97.0
82.4
25.0
73.9
87.4
69.5
21.8
73.1
86.4
69.2
20.5
88.0
105.3
76.5
27.3
89.5
108.0
75.0
27.8
86.0
103.9
72.2
25.5
91.1
109.6
77.4
28.1
94.7
113.6
80.9
30.0
92.0
110.6
77.9
28.8
91.8
109.3
81.2
29.8
90.1
106.3
83.8
28.0
91.7
108.0
85.8
29.7
81.9
95.9
80.0
24.8
53.7
84.3
48.3
74.5
47.2
77.5
51.2
85.5
49.9
85.5
46.7
82.8
51.0
87.0
49.6
87.4
47.7
85.3
50.0
86.1
51.1
85.7
53.5
87.0
50.4
81.0
603
18,169
566
26, 635
842
39,875
1,621
70, 651
40,515
943
40, 542
1,573
67,924
1,306
53,496
1,225
52, 913
1,129
47, 393
655
26,057
1, O.r>8
40, 384
882
42, 614
523
12, 935
499
20,153
752
30,198
1,474
57, 636
891
32,151
850
32,035
1,397
54, 625
1,157
41,923
1,065
39, 954
37,051
561
19,538
916
31,150
33, 775
12,933
14,008
24,364
38, 762
20, 723
23, 826
41, 561
27,923
27.490
25,186
13, 877
24, 565
20, 247
43, 230
1,427
34, 585
1,424
41,962
1,427
44,784
1,427
43, 526
1,425
43, 527
1,425
47, 002
1,426
46,081
1,427
47.491
1,424
44,884
1,425
46, 271
1,426
4.0
4.4
3.7
4.1
5.4
3.7
4.9
5.4
4.3
4.8
6.8
3.9
4.8
3.3
4.0
6.2
5.0
3.7
4.7
3.1
4.0
6.1
4.1
3.8
4.9
3.3
4.0
6.2
4.4
3.8
5.0
3.2
4.1
6.2
4.5
3.6
4.8
3.0
3.9
5.7
3.9
3.8
5.0
3.3
3.9
5.9
3.6
3. 6
4.8
3.1
4.1
5.7
2.9
3.8
4.8
3.4
4.1
5.6
3.5
3.7
4.6
3.3
4.0
5.3
3.2
40, 921
1, 427
4.2
4.8
3.8
4.3
5.8
3.9
40, 673
1,427
4.2
4.8
3.9
4.4
5.7
4.0
5.32
5.29
5.17
5.07
4.94
4.94
4.92
4.92
4.94
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number..
Foreign
do
Pennsylvania Railroad Co., total
do
Foreign
do
U.S. Steel Corporation, total
do
Foreign
do
Shares held by brokers
percent of total
649,117
7,187
217, 748
2,953
172, 219
3,166
22.54
648, 056
7,180
216, 847
2,928
171,198
096
23.65
646, 671
7,173
214,532
2,874
168, 399
3,084
24.89
645,033
7,153
213,143
2,853
167, 650
2,998
24.78
I
FOREIGN TRADE
INDEXES
Exports:
Total value, unadjusted..
.1923-25=100.
Total value, adjusted..
do
U. S. merchandise, unadjusted:
Quantity
do
Value...
do...
Unit value
do
Imports:
Total value, unadjusted
do___
Total value, adjusted
do...
Imports for consumption, unadjusted:
Quantity
.1923-25=100.
Value___
_
do...
Unit value
do...
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14=100.
Adjusted
do___
Total, excluding cotton:
Unadjusted
do...
Adjusted..
do...
66
70
68
72
61
69
60
68
61
66
65
62
73
60
66
58
71
67
56
55
58
63
107
66
62
105
68
65
95
62
65
94
60
64
96
61
64
102
65
64
116
74
63
107
67
63
111
71
64
91
56
62
92
58
63
113
71 I
63 I
98
61
62
63
61
46
45
45
47
44
47
51
53
52
55
55
54
55
55
53
54
55
55
49
49
59 !
53 I
58
53
111
61
55
84
46
55
87
46
53
88
46
53
102
54
53
102
54
53
104
56
54
99
54
54
99
52
53
100
53
53
89
48
54
112 |
60 !
54
107
58
54
52
62
74
89
57
74
62
86
61
76
71
66
83
62
81
62
68
54
68
61
61
66
91
95
133
140
95
106
102
113
101
102
87
81
101
87
90
83
84
78
99
98
87
95
Exports, incl. reexports
thous. of dol. 249, 259 257,177 232, 686 227,780 230,621 246, 321
By grand divisions and countries:
8,622
9,194
7,456
7,271
Africa
_
do...
8,530
7,890
54,165
47, 052
47, 586
43,118
40, 579
Asia and Oceania..
_.do.._
45,107
Japan
do...
21, 394
18, 074
15,485
13,938
13, 607
19, 806
Europe
do...
97,955 100,418
87, 835
90, 265 102,995 112,702
12, 944
10,073
8,859
9,473
8,381
France
do...
11, 235
Germany
do
6,294
7,280
6,330
5,620
10, 270
12, 057
Italy
do...
4,460
4,686
4,246
4,931
3,621
4,132
United Kingdom
do...
30, 223
32,231
41,432
37,410
35, 325
50, 737
North America, northern
do...
43, 583
55, 214
45,303
43, 489
39,545
36, 752
Canada
do
42,637
54, 506
44,732
42, 769
38,829
36,170
North America, southern
..do...
22,356
19,999
20,094
17,967
20,034
21,156
Mexico.
do...
4,966
3,606
4,066
4,136
6,296
4,465
South America.
..do...
22,669
27,039
23, 247
23, 746
20,196
22, 755
Argentina
..do...
4,918
9,121
6,569
6,408
4,318
5,944
Brazil
do...
5,207
4,394
4,953
4,222
5,417
4,849
Chile
do...
1,621
1,813
1,500
2,117
2,072
1,913
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
277,928
252,231
268, 756
212, 908
218, 559
268, 364
230, 947
10, 308
50, 990
19, 502
127,710
12, 322
10,166
5,385
56,140
42, 971
41,895
23, 285
4,501
22, 664
6,034
5,382
2,123
9,767
48,494
19,104
110,192
13, 788
8,620
5,091
43,238
38,992
38,513
21,473
5,239
23,314
6,796
5,143
1,741
13,185
61, 591
28, 528
112, 672
11,134
8,317
5,141
46, 825
29,067
28, 458
23, 705
5,829
28, 538
7,736
6,749
2,139
8,075
42,445
17, 692
95, 830
10,818
6,395
4,381
42,462
27,061
26, 684
20,801
5,581
18, 695
3,114
4,968
1,736
8,523
46,406
17, 484
95,445
10, 653
5,176
3,889
38, 678
26,258
25, 764
20,453
5,928
21,472
4,067
5,120
1,480
11,560
60, 565
23, 573
108,143
12, 614
6,446
5,056
41, 874
33,092
32, 298
27, 598
7,991
27, 407
5,281
6,664
2,188
10,101
49, 243
16,147
88, 809
12,468
4,806
4,130
34,311
35,055
34,535
70
70
61
64
47
55
VALUE §
23, 462
6,320
24, 277
4,068
6,007
1,479
37
SURVEY OF CURRENT BUSINESS
July 1939
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
1938
1939
May
May
June
July
August
1939
September
DecemOctober November
ber
January
February
March
April
FOREIGN TRADE—Continued
VALUE—Continued 5
Exports inch reexports—Continued.
By economic classes (U. S, mdse. only):
Total
thous. of dol.
Crude materials
—.do
Cotton, unmanufactured
do-..
Foodstuffs, total
do
Foodstuffs, crude
do
Foodstuffs and beverages, mfgs.-.do
Fruits and preparations
do...
Meats and fats
do
Wheat and
flour
do_,_
Manufactures, semi,
do.,.
Manufactures,
finished
-do
Autos and parts
do
Gasoline
do__.
Machinery
do
General imports, total
do.,.
By grand divisions and countries:
Africa
„
do....
Asia and Oceania
do
Japan
do
Europe
do
France
-do
Germany
do
Italy
do.,.
United Kingdom
_
_do
North America, northern
do
Canada
do
North America, southern
do.,.
Mexico
do
South America
do__.
Argentina
do_,_
Brazil
do__.
Chile.—
do...
By economic classes (imports for consumption):
Total
_
thous. of dol.
Crude materials
do.,.
Foodstuffs, crude.
_
do.,.
Foodstuffs and beverages, mfgs
do__.
Manufactures, semido
Manufactures,
finished
do.,.
245,913
30, 243
7,458
26,927
10,808
16,119
5,844
4,851
7,601
48, 247
140, 495
23, 753
9,414
44, 401
202, 502
253,615
34,770
10,403
48,169
34,140
14,029
7,195
4,431
13, 241
42,649
128,028
20, 563
8,732
42, 382
148,260
229,515
34,498
9,442
34,556
20,988
13,568
4,296
4,202
8,226
37,015
123,447
17,202
8,811
41,545
145,898
225, 111
32,809
10,460
38,029
24, 556
13, 473
6,914
4,049
11,436
37,270
117,003
17,469
9,042
39,719
140,836
228,143
43, 789
10,689
35,826
22,164
13,662
7,519
3,150
9,064
35,615
112,912
12,299
9,572
39,461
165, 540
243,621
59,605
20,511
31,391
14,254
17,137
10, 365
3,944
4,038
40,159
112,465
14,171
8,370
36,626
167, 651.
274, 319
72,132
24,056
33, 290
12, 509
20,781
13,253
4,110
4,030
44,454
124,443
17, 303
9,085
38,653
177,979
249,694
59,867
25,016
29,474
12, 045
17,429
10,116
4,113
4,473
39,955
120,399
25, 417
8, 516
34,550
176,181
266,171
49,376
19,048
28,422
11,170
17,252
10,000
4,2X)4
4,588
50,499
137,874
29,161
12,292
40,908
171,474
210, 258
36,391
14,975
31,051
16,443
14,608
7,227
4,596
8,201
35,452
107,365
21,396
7,449
31,217
178,201
216,036
36, 485
13,732
26, 553
11,402
15,151
6,404
4,145
7,403
34, 868
118,128
25, 335
6,367
34, 605
158,035
264, 578
40, 072
16,958
27,966
12, 287
15, 679
7,017
4,724
6,406
45, 658
150,882
28,504
8,378
49,390
190, 437
227, 597
26,016
9,185
23, 621
9,810
13,811
6,656
3,698
5,459
41, 008
136,951
24,921
6,553
43,882
186,195
8,640
59,454
10, 747
58,946
7,122
2,885
3,289
15,192
28, 850
28,323
22,178
3,995
24,434
4,355
7,420
2,750
4,811
42,868
7,020
40,682
3,584
4,829
3,172
8,693
20,968
20,487
19,305
4,184
19, 626
3,441
7,004
2,522
3,047
45,716
10,688
40,109
3,248
4,534
4,184
7,889
19,829
19,027
17,910
4,215
19,287
1,909
6,686
2,310
4,416
36,909
8,594
39,781
3,589
4,393
2,587
7,262
22,803
21,973
17,964
4,606
18,963
1,689
7,564
1,171
5,851
44,394
10,103
49,366
4,357
5,627
2,824
10,143
23,899
23,334
21,329
3,295
20, 701
2,835
7,432
1,571
3,799
46,899
11,839
62,150
6,397
5,794
3,170
10,445
24,186
23, 500
17,924
2,440
22,693
3,882
8,820
1,681
6,081
49,131
11,678
68,714
5,992
7,289
4,520
13,801
27,049
26, 249
16,183
3,134
21,821
3,631
8,536
1,648
4,069
56,033
14,053
54,623
5,191
6,923
3,656
12,898
25,839
25, 232
12, 566
3,084
23,051
3,566
9,150
1,567
4,145
52,130
12,020
53,609
5,586
6,256
3,397
12,251
24,300
23, 554
12, 753
4,748
24, 538
4,252
9,191
2,457
3,741
51,818
11,285
51,273
4,703
5,231
3,266
11,331
26,136
25,222
17,924
5,429
27,309
6,633
8,420
3,277
6,470
42, 780
7,896
47, 722
5,234
4,930
2,669
10,995
20, 302
20,129
18, 650
5, 270
22,102
6,086
7,607
2,272
6,964
59,952
9,707
52, 298
5,692
5,171
3,976
11,971
23, 559
23,128
22, 732
6, 326
24,932
5,460
9,421
2,583
8,571
51.162
10, 607
57,574
5,411
13, 829
3,289
11,572
26.163
25, 671
19,406
4,442
23, 319
4,357
7,867
3,813
194,193
62, 277
25,886
26, 062
39,857
40,411
147,243
40, 248
19, 555
26,177
27,846
33, 418
147,938
38,003
20,485
26,657
30, 360
32,432
147,797
43,236
20,344
23,711
29,607
30,899
171,053
49, 498
21,663
27,829
35,030
37,033
172,947
52,377
20,473
28, 639
33, 591
37,868
178,460
53, 708
21,120
27, 240
35,753
40,639
171,652
52,355
23, 788
22,995
35,172
37, 342
165, 522
53,465
23,093
20,887
35,265
32,812
169,323
53,890
26, 774
16, 638
37,158
34,864
152,528
48, 073
22,947
18,635
34,047
28, 827
191, 226
59, 507
28, 205
26, 296
38,822
38,396
185,800
54,940
24, 053
25, 036
37,936
43,836
11,338
9-20
8,586
71
S, 499
7.888
7.889
7.909
7.909
7.889
7.889
7.889
7.889
773, 674 737, 235 680, 255 700, 569 729, 663 789, 695 775,461 838,707
49,615
51,132 52,229
56, 582 55, 274 60, 028
55, 650 53,241
7.888
790,120
56,869
7.873
737, 164
53, 361
7.873
835,136
59,702
7.873
788,941
56,628
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
thous. of doL
Operating income.
do...
Electric Street Railways
Fares, average, cash rate
Passengers carried t
Operating revenues
7.873
.cents..
....thousands.. 811,584
thous. of doL.
9,165
124
8,931
124
8,251
109
8,409
123
9,497
116
9,404
127
9,240
131
Class I Steam Railways
Freight-carloadings (Federal Reserve):
62
64
62
63
Combined index, unadjusted...1923-25=100..
68
75
63
70
63
58
44
66
52
78
49
76
Coal
do_
76
76
36
66
40
36
38
58
34
50
64
Coke
do.
58
47
57
41
41
37
37
37
43
37
Forest products
do
39
39
36
73
123
101
72
80
95
71
Grains and grain products
do
76
68
67
36
37
34
40
32
62
40
37
Livestock
do
53
37
32
61
59
61
59
59
65
59
60
62
Merchandise, 1. c. 1
do
62
62
81
63
60
23
62
71
22
37
41
Ore
do
31
21
73
66
68
67
64
82
65
64
76
Miscellaneous
do
72
70
61
62
61
69
58
68
69
68
69
Combined index, adjusted
do
CO
66
51
62
63
69
58
69
67
67
70
Coal
_
do
43
62
42
46
43
53
37
50
55
35
58
56
Coke.
do
55
40
37
40
43
35
42
42
35
40
38
Forest products
.do
36
81
84
89
83
82
95
79
77
81
76
Grains and grain products
do
73
40
37
41
39
44
41
42
44
40
Livestock.
do.,..
40
61
60
61
59
62
62
60
61
fil
62
Merchandise, 1. c. 1
do
58
34
92
86
48
102
26
74
75
32
86
Ore
do
70
67
74
62
72
76
61
74
70
73
Miscellaneous..
_
do...
65
Freight-carloadings (A. A. R.): 1
2,760
2,273
2,392
2,949
,542
2,186
2,372
Total cars
thousands..
2,302
2,553
2,297
2,530
2,832
2,390
432
363
382
664
344
Coal
do
297
668
515
468
£29
511
350
478
20
17
35
Coke
do
18
31
19
16
22
26
30
30
29
2P
132
104
131
120
159
121
106
Forest products
do
120
109
103
99
105
140
186
223
163
191
221
137
130
148
Grains and grain products
do
137
129
116
125
159
53
44
102
67
Livestock
do
49
49
51
63
69
42
53
42
61
717
563
799
708
612
597
604
Merchandise, 1. c. 1
do
594
577
561
PI 2
775
118
141
90
121
f5
44
106
Ore.
do
65
33
34
33
58
,422
879
1,016
887
1,022
Miscellaneous..
do
1,101
1,138
1,018
878
870
967
1,261
H4
256
211
328
229
169
316
Freight-car surplus, total
do._»_
221
175
218
209
202
265
68
105
152
100
86
141
90
Box cars
do
106
85
106
102
95
86
42
112
133
92
132
49
Coal cars
.
.
do
71
87
51
67
63
146
67
^
for June, October, December, 1938, and April, 1S39, are for 5 weeks; other months, 4 weeks.
tFor comparable monthly figures, January 1929-December 1936, see table 10, p. 15 of the March 1939 Survey. Data shown in that table beginning January 1937 have been
revised; Fee p. 37 of the April 1939 issue.
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
38
SUEVEY OF CURKENT BUSINESS
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
July 1939
1938
1939
May
May
June
July
1939
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Steam Railways—Continued
Financial operations:
Operating revenues, total
thous. of dol_
Freight
do._.
Passenger
do...
Operating expenses
do__.
Net railway operating income
do...
Net income
do...
Operating results:
Freight carried 1 mile
mil. of tons.
Revenue per ton-mile
cents.
Passengers carried 1 mile
millions.
Waterway Traffic
Canals:
Cape Cod
thous. of short tons.
New York State
do...
Panama, total
thous. of long tons.
In U. S. vessels
..do...
St. Lawrence
thous. of short tons.
Sault Ste. Marie
_
do.._
Suez_
_
thous. of metric tons.
Welland
thous. of short tons.
Rivers:
Allegheny
do._.
Mississippi (Government barges only).do.__
Monongahela
do...
Ohio (Pittsburgh district)
.
do...
Clearances, vessels in foreign trade:
Total..
_
thous. of net tons.
Foreign
do...
United States
do.-.
272,609
217,860
30, 831
217,054
r
16,666
* 25,503
282,140
222, 718
34,988
218,192
25, 001
<* 15,954
23, 706
1.012
1,683
23,886
1.020
1,889
26, 312
.998
2,118
25, 236
1.003
1,976
29,110
.977
1,825
32, 757
.977
1,662
303
466
2,309
804
1,512
3,365
2,355
1,740
285
671
2,122
709
1,184
5,364
2,213
1,459
270
524
2,026
810
1,178
5,552
2,508
1,529
263
697
2,172
810
1,215
6,237
2,482
1,588
278
480
1,998
779
1,296
6,624
2,248
1,786
661
655
156
217
1,083
679
208
195
1,027
704
246
226
1,141
755
263
256
1,279
6,241
4,766
1,475
6,218
4,526
1,692
6,445
4,812
1,634
6,731
4,901
1,830
6,958
5,208
1,749
302,618
243,641
31,753
237,411
25,101
363
735
2,539
921
1,189
5,799
1,324
136
P65
r
299,641 315, 387 322,595 353, 441 319,682
238,146 253, 592 261,303 293, 762 264,135
38,036 36, 330 34, 427 31,459
30,211
222,224 229,632 232,040 242,409 231,257
38, 387 45, 377 50, 362 68,566 49, 665
1,097
* 3,955
6,277 24,068
7,422
Travel
Operations on scheduled airlines:
Passenger-miles flown thous. of miles.. 63, 361 48,813 47, 515 50,859 56, 405
Passengers carried
number.. 162,682 119, 293 115,255 127, 590 143,488
Express
pounds.. 725,061 499,980 658,710 541, 346 623, 770
7,122
6,360
6,137
6,278
6,271
Miles
flown.
thous. of miles..
Hotels:
3.20
3.29
3.14
3.18
3.19
Average sale per occupied room
dollars..
63
57
61
60
55
Rooms occupied
percent of total..
90
93
82
Restaurant sales index
1929=100..
Foreign travel:
20,754 22,943 32,414 56,906
Arrivals, U. S. citizens
number..
23, 381 31,792 55, 528 51, 646
Departures, U. S. citizens
do_...
2,177
2,405
2,286
2,616
Emigrants
do—
6,057
5,748
7,357
6,385
Immigrants
do—
9,059
Passports issued
do— 16, 080 24,979 25, 752 13,094
National Parks:
250, 568 462,038 857,931 811, 209
Visitors
do....
72,475 132,460 238,139 226,102
Automobiles
do—
Pullman Co.:*
604,886
720,803 739,390 683, 593
Revenue passenger-miles
..thousands..
4,409
3,779
4,418
4,407
Passenger revenues
thous. of dol_.
COMMUNICATIONS
Telephones:
Operating revenues
thous. of dol_.
Station revenues
do—
Tolls, message
do—
Operating expenses
--do—
Net operating income
- do—
Phones in service end of month, .thousands..
Telegraph, cable, and radio-telegraph carriers:
Operating revenue, total
thous. of dol..
Telegraph carriers, total—
..do—
Western Union Telegraph Co., revenues
from cable operations
thous. of dol..
Cable carriers
do....
Radiotelegraph carriers
do—
Operating expenses
_do—
Operating income
do—
Net income
do—
318, 336
251, 320
37, 913
232, 704
49,373
22, 225
305,769
246,803
34, 785
232,946
32, 891
d
8, 721
276,904
224,819
30,237
220,619
18, 591
d
24, 364
315,091
257,469
31, 201
240, 359
34, 317
d
10, 505
282,118
224, 588
31, 791
227, 622
15, 257
d
27, 896
28,471
1.004
1,564
28,133
.981
1,928
28,152
.964
1,790
25, 553
.972
1,555
28, 831
.988
1,618
23, 983
328
684
2,360
888
1,429
7,141
2,460
2,030
327
845
2,224
789
1,065
4,466
2,270
1,652
348
0
2,374
807
5
323
2,422
181
342
0
2,393
753
0
0
2,166
0
326
0
2,207
689
0
0
2,277
0
317
0
2,664
873
0
0
2,561
0
362
101
2,473
892
50
43
""260
223
224
1,422
967
249
190
1,595
1,055
244
215
1,710
991
180
171
1,798
1,074
175
183
1,568
1,003
135
124
1,557
880
199
' 136
1,742
1,114
101
169
348
469
6,516
4,816
1,700
5,769
4,103
1,666
5,678
4,037
1,641
5,062
3,813
1,249
4,670
3,539
1,132
4,734
3,607
1,127
5,424
4,160
1,263
5,280
4,038
1,242
54,806 56, 828 46,090
139, 297 143, 993 113,621
877, 564 855,151 685,389
6,151
6,302
5,776
41, 594
99,119
761, 090
5,665
38, 403
89,002
577,982
5,453
35,002
81,131
564,928
5,032
49, 445
117, 071
685, 274
6,125
53, 483
133, 469
663, 884
6,268
3.28
61
85
3.32
65
3.47
60
94
3.26
54
88
3.21
64
88
3.28
63
86
3.15
64
83
3.37
63
100
58,027
31,848
2,227
8,226
5,138
31,710
19,931
2,081
8,825
5,122
15,649
16,103
2,157
§,844
5,589
16,614
18, 765
2,663
8,042
5,184
19, 556
24, 307
2,344
5,661
5,927
25, 590
28,224
1,479
5,959
4,865
31,909
21, 673
1,702
8,076
8,383
25,374
21, 575
1,851
7,063
8,839
428,827
125,436
236,771
71, 416
77,750
23, 783
57, 677
16, 798
74,834
20, 587
62,848
17,618
72, 280
21, 779
164, 736
48,892
715, 529 651,851
4,555
4,239
585, 289
3,912
687, 369
4,488
793, 229
5,263
654, 896
4,473
715, 420
4,769
684,444
4,447
96, 289
63,741
24,132
66, 323
17, 426
17,366
96, 305
63,296
24, 577
65,696
17,752
17, 344
94,954
61, 587
24,800
65,505
16,458
17, 335
96, 482
62, 029
25, 984
66, 239
17, 261
17, 373
96,725
62,850
25, 428
67, 030
16, 791
17,465
65,105
25, 929
67, 634
18,637
17, 528
98,531
64,897
24,959
67, 434
18,946
17,593
101, 552
66,188
26, 591
69,444
18,835
17, 704
99, 234
65,815
24, 731
67, 281
18, 527
17,735
96, 064
64, 504
22,954
64,155
18,438
17,808
101,610
66, 491
26, 498
68, 456
19, 479
17,897
100, 083
66,162
25, 275
65, 683
20, 576
17, 974
10,889
9,346
11,185
9,597
10, 618
9,049
11, 092
9,524
11, 550
9,851
11,156
9,491
10,751
9,114
12,408
10, 553
10, 549
8,829
9,987
8,436
11, 577
9,717
11,012
9,383
485
793
749
10,077
84
<* 755
499
803
785
9,909
550
'186
529
809
760
9,861
39
'764
485
791
111
9,935
431
586
570
976
879
10, 756
1,041
291
527
856
864
9,816
15
d
884
463
756
795
9,319
934
588
901
9G0
10, 031
814
405
502
768
861
9,809
512
d
387
7,523
7 719
1,485
M08
953
199
569
861
804
9,903
558
rf
356
522
830
807
9,991
69
«* 774
d
d
17
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption
thous. of wine gah_
Production
- do
Stocks, end of month. _
.
do
Alcohol, ethyl:
Production
thous. of proof gal__
Stocks, warehoused, end of month
do
Withdrawn for
do _
Withdrawn,
taxdenaturing
paid
_ _ . do
Methanol:
Exports, refined§._
gallons..
Price,refined, wholesale (N. Y.) .dol. per gal__
Crude (wood distilled)
thous. of gal__
Synthetic
do—
8,203
8,490
1, 766
6,072
6,092
' 1,141
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
7,578
7 616
1,294
18, 600
31, 078
15, 032
2, 009
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
17, 423
27, 741
13 202
1,851
17,
29,
13
2
18, 441
.36
24,198
.36
10, 525
.36
10, 609
.36
7,743
.36
22, 716
.36
8,431
.36
12,648
.36
25,990
.36
24, 355
.36
26, 359
.36
10, 806
.36
24,195
.36
354
1,779
331
1,860
293
1,630
309
1,450
282
1,898
303
1,930
335
2,295
344
2,618
357
2,844
352
2,463
336
2,267
365
2,407
389
2, 276
859
625
253
076
' Revised.
* Deficit.
» Preliminary
*New Series. Data for Pullman Co. revenue passenger miles beginning 1915 and passenger revenues beginning 1913 are given in table 7, p. 18, of the January 1939 issue.
§Revised series. Data revised for 1937; see table 19, p. 14, of the April 1939 issue.
39
SUKVEY OF CUERENT BUSINESS
July 1939
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
May
1939
1938
1939
May
June
July
August
September
October
Novem- December
ber
January
February
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Explosives, shipments.
thous. of lb_. 29,315
Sulphur production (quarterly):
Louisiana
long tons..
Texas.
do
8ulphuric acid (fertilizer manufactures):
Consumed in production of fertilizer
short tons.. 108,889
Price, wholesale, 66°, at works
16.50
dol. per short ton..
Production.
short tons.. 155,902
Purchases:
8,853
From fertilizer manufacturers
do
20,771
From others
do
Shipments:
38,123
To fertilizer manufacturers
do
To others
.do
38, 835
24,904
25,445
23,136
27,663
80, 545
522,108
30,443
32,151
29,385
72,520
472,986
28,415
29,258
26, 592
68,900
478,774
27, 801
26, 341
83, 260
405, 263
119,218
102, 228
92,189
128,312
126, 974
151,083
147,592
148, 289
142,451
138,273
119,081
112, 593
16.50
137,764
16.50
114,199
16.50
109,969
16.50
131,106
16. 50
133, 266
16.50
161, 285
16.50
171,106
16.50
176,923
16.50
181,386
16.50
169, 769
16.50
169, 952
16.50
145, 689
15, 733
20,778
15, 937
21,977
18,498
24,249
30,388
25,097
38, 531
18, 560
40, 284
21, 564
31,182
18,494
20, 604
27, 515
20,418
22,343
18, 751
23, 778
11,951
17, 508
15,021
16, 542
24,337
37,004
19,400
34,323
22, 312
33,112
27,422
33,462
26,032
34, 973
28,971
40,904
37, 752
38,447
33,080
40,915
38,085
40, 850
39,167
35,545
35,100
42, 864
33,202
35, 528
312
276
148,095 127,496
12,142
16,744
112, 773 103,930
302
1,407
145, 432 128,498
99,074 101,416
62, 010 73,025
7,033
2,547
10, 415
1,669
116
99,717
3,848
92, 764
213
88,938
75,311
55,063
1,234
6,403
59
112,944
3,378
103,228
497
60,235
36,833
738
19,414
44
146,636
27,504
108,665
169
79,652
48,977
24,450
1,827
27,908
137
116,828
24,047
87,824
369
131,407
75,849
20,829
8,276
42,407
121
134,929
20,271
93,058
261
158,140
82, 576
32,971
9,337
64,124
146
147. 587
20, 207
123,339
413
116, 298
50,231
4,851
6,046
58,730
217
133,295
25,119
101,186
72
149,798
?8,124
32, 336
3,421
436
85, 542
11,317
71,045
83
141,898
118,159
63,854
903
20,186
627
85,095
15, 645
66, 552
340
109,932
101, 396
54,552
969
6,795
1,476
123, 687
6,723
97, 983
476
138, 782
116,806
42, 920
3,599
17, 235
1,271
136, 328
5,365
123, 270
343
191,057
167, 558
115,188
1,462
16, 580
1.450
1.450
1.450
1.450
1.450
1.450
1.450
1.450
1.450
1.450
283,189 235,986 219,936 283,015 279,381 314,359 326, 794 343, 204
117, 258
23,393
6,592
21,340 108,470
46, 980
17,147
17,717
949,442 1,054,545 1,058,452 1,057,215 1,160,299 1,249,272 1,322,306 1,361,127
322,211
29,340
FERTILIZERS
Consumption, Southern States
thous. of short tons..
Exports, total!
long tons..
Nitrogenous!
do
Phosphate materials!
do
Prepared fertilizers!_do
Imports, total!
do
Nitrogenous, total!
do....
Nitrate of soda!.
do
Phosphates!
do
Potash!.
_
..do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)
dol. percwt..
Superphosphate (bulk):
Production
_
short tons..
Shipments to consumers
do
Stocks, end of month
_do...
1.450
277,437
139,648
778,758
1.450
312, 284 301, 694
54,893 161, 202
1,2S&,536 1,106,679
1.450
286, 747
216, 671
815, 911
NAVAL STORES
Pine oil, production
gallons.
0)
Rosin, gum:
Price, wholesale " H " (Savannah)
4.94
dol. per bbl. (280 lbs.).
57, 079
Receipts, net, 3 ports
bbl. (500 lbs.).
Stocks, 3 ports, end of month
d o . . . 625,138
Rosin, wood:
Production...
.do...
(0
Stocks, end of month
do...
C1)
Turpentine, gum, spirits of:
.30
Price, wholesale (Savannah)_._dol. per gal.
14, 638
Receipts, net, 3 ports
. . . b b l . (50 gal.).
Stocks, 3 ports, end of month
__do... 104, 759
Turpentine, wood:
Production
.do...
()
Stocks, end of month
.do...
0)
289,080
275,719
4.34
115,113
243,463
123,026
323,280
4.61
121,396
402,121
4.48
121, 505
475,130
4.14
119,818
542,161
5.12
87,935
588,870
4.89
97, 664
660, 252
4.34
48,095
678, 731
44,468
184, 735
40,866
174,575
0)
0)
0)
0)
(*)
0)
0)
0)
0)
0)
.23
27,485
75,607
.23
29,824
87,077
.23
28,877
104,147
.23
29,480
116,859
.21
31,745
130,897
.22
17, 670
128, 334
6,944
12,889
6,594
0)
0)
0)
0)
0)
0)
4.44
0)
0)
0)
0)
0)
0)
4.90
20,473
657,839
5.21
13,757
642,825
5.65
19, 367
609, 502
4.86
43,810
615, 381
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
.29
18, 364
134,460
.28
10, 593
133,921
.31
2,390
123, 584
.32
1,908
118,954
.35
3,256
109, 626
.30
9,799
107, 339
0)
()
0)
0
0)
0)
0)
0)
0)
0)
0)
0)
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory
thous. of lb_.
Production...
do.
Stocks, end of quarter
_do.
Greases:
Consumption, factory
do.
Production
do.
Stocks, end of quarter
do_
Shortenings and compounds:
Production
_
do.
Stocks, end of quarter
do.
Fish oils:
Consumption, factory
do.
Production
do.
Stocks, end of quarter
»_do.
204,950
419,460
374, 375
238,802
395, 795
296,157
222, 460
565,816
312, 725
233, 456
501,165
346, 321
47, 745
88,158
62, 557
48,656
79,787
56, 400
44,480
87, 253
61, 276
48,182
86, 419
54,170
322,437
44,697
411,949
45,270
370,759
55,662
354,692
51,163
46,179
3,346
159, 386
51,950
97, 753
206, 906
71,664
102,193
256, 352
66, 512
47, 713
242, 725
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory (quarterly)
mil. of lb__
827
4,314
4,619
3,984
Exports
thous. of lb_.
2,359
1,824
3,027
95, 684
71,138
98,419
Imports, total§_
do
89,048
84,636
80, 424
9,382
9,589
Paint oils§
do
6,830
14, 779
11,850
11, 303
86, 303
All other vegetable oils§
_
_do
64,308
88,830
74,268
72,786
69,121
Production (quarterly)
mil. of lb_.
527
580
Stocks, end of quarter:
Crude—
do
738
714
Refined
do
662
494
Copra:
Consumption, factory (quarterly)
short tons..
55, 541
54,083
Imports
do
14,642
20, 880
27,908
24,305
17,927
20,092
Stocks, end of quarter
do
64,018
44,953
1
Discontinued by the reporting source.
fRevised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
3,798
90,189
9,372
80,817
2, 204
94,982
15, 414
79, 568
997
2,656
92, 613
10, 525
82,089
977
2,815
91,692
11,414
80,278
4,136
85,466
8,169
77, 298
870
23,105
15, 437
58,414
26,745
36,525
952
3,994
98, 010
10, 708
87, 302
832
4,20 2
60, 45 5
12,136
48,319
860
760
20,967
17,491
59, 47;
22, 630
35, 816
11,643
40
SURVEY OF CURRENT BUSINESS
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
1939
May
July 1939
1938
May
June
July
August
1939
Septem- October Novem- December
ber
ber
January
February
March
April
7,244
23,101
5 295
29,122
154 408
64 957
4 729
41,370
3 428
22 889
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Continued
Coconut or copra oil:
Consumption, factory:
Crude (auarterlv)
Refined (quarterly)
In oleomargarine
Imports§
._
Production (quarterly):
Refined
Stocks, end of quarter:
thous nf lb
do
.do __
_-- . d o . . . .
38, 450
7,759
23,821
do
do
do
do
Refined
Cottonseed:
199
Consumption (crush).... thous. of short tons..
58
Receipts at mills
. - do
194
do
Stocks at mills, end of mo
Cottonseed cake and meal:
81
Exports
-- short tons
Production _do— 93, 845
173, 019
Stocks at mills, end of mo.
do
Cottonseed oil, crude:
Production
thous. of lb_. 68, 322
137, 785
Stocks end of month
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
Linseed cake and meal:
Exports§._
thous oflb..
do.-..
ShiDments from Minneapolis
Linseed oil:
Consumption, factory (quarterly)
thous oflb
Price wholesale (N Y )
dol. per lb
oflb
do
Shipments from IVIiniiG&polis
7,282
22,052
154 327
77, 365
8,711
32, 579
8,420
26,824
7,023
39, 792
150, 922
78,573
7,~ 2Q4
34,725
70,477
79, 790
68,033
82,506
73, 685
82 743
75, 457
75 064
194,145
13,493
184,342
13,001
202 301
13, 332
202 322
13,735
206
83
472
155
78
394
127
70
337
223
262
371
576
1,274
1,069
665
1,155
1,559
630
631
1,560
534
327
1,353
451
152
1,054
367
95
782
399
136
518
256
73
336
815
97, 927
280, 848
7,520
74,185
259,002
4,422
56, 630
214, 611
1,727
99,884
216,879
3,745
256, 390
259, 659
2,200
294, 408
295, 380
1, 235
284,458
313, 538
4,468
237,933
313,348
407
205, 494
289,286
189
169,766
245,221
389
188,051
196, 544
506
115,729
177,134
70, 252
87,882
52, 345
46, 481
41, 843
33, 834
67,603
46, 382
178. 632
111, 708
203, 746
151, 570
195,809
168,457
163,035
175, 377
145,077
178, 203
116,438
180, 666
129,265
177, 466
84, 753
164, 945
350,990
10, 246 "" 16,181" "i6~867~
301, 398
10,577
9,884
9,412
285, 230
9,678
7,584
.074
143, 8£3
563, 794
.071
138, 022
609, 950
.067
110,492
633, 329
.069
131,956
642, 463
.066
98, 803
658, 332
351,969
9, 502
.081
107,008
599,176
.080
79, 740
566, 450
.086
53, 829
487, 928
.081
53,996
409,781
.078
92, 352
397, 382
.076
161, 768
446, 739
.074
162, 361
503,890
876
763
927
1,288
1,346
1,381
1,565
1,474
2,111
2,248
2, 031
1,416
183
46
530
225
11
536
70
27
468
1,961
221
795
1,286
76
1,499
450
87
1,416
205
152
732
136
80
637
107
47
524
38
30
452
62
64
319
35
58
283
1
11
10
74
73
10
14
0
24
357
128
253
833
416
670
241
324
586
152
620
152
1
8
112
2
110
1
0
111
1
82
29
1
29
2
1.83
1.86
3,989
1,472
1.81
1.83
1.73
5 043
3 019
1.79
1.84
1.84
7,206
2,389
1.90
/ 8,171
1.99
1.92
7,112
2, 521
1.97
1.89
40, 849
7,280
23, 518
4,482
24,322
5,380
27, 216
6,032
28,692
6,776
41, 577
11,679
44, 746
11,670
47, 302
7,913
51, 820
9,760
50,734
8,320
50,180
5,720
17,219
7,920
50, 396
8,280
.089
.092
.086
.084
.087
.083
.085
.085
6,480
7,193
6,589
5,436
6,867
4,771
3,960
3,900
do
Oleomargarine:
Consumption (tax-paid withdrawals)
thous oflb._
Price, wholesale, standard, uncolored (Chica^o)
dol. \ter lb_
Production
thous oflb
Vegetable shortenings:
Price, wholesale, tierces (Chicago)
dol. i:>erlb__
6,331
31,186
~~9,~ 958'
Price, summer, yellow, prime (N. Y.)
.066
dol. per lb__
Production
thous. of lb_. 82, Oil
639, 328
Stocks end of month
- do
Flaxseed:
1,155
Imports§
thous. of bu_.
Minneapolis:
61
Receipts
.. _
do
38
• Shipments
.
.do....
280
Stocks
_
.do—
Duluth:
.do....
0)
Receipts
-0
Shipments
.do....
2
Stocks
.doOil mills (quarterly):
do
Price, wholesale, No. 1 (Mpls.)-dol. per bu._
150, 793
72,943
7,433
32,139
81,892
.087
77, 513
7,261
145, 909
8,181 " ~~97686~
80, 736
.084
98 407
8,263
113, 012
72, 419
.086
139,106
3,209
141, 785
(0
76, 674
.088
139, 209
7,200
161,251
.089
9,780
28, 774
27, 890
25, 671
28, 371
32, 000
31, 824
29,812
29, 991
30,350
27, 774
29, 032
23, 622
.135
.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
.140
29, 417
.140
23, 325
.093
.102
.103
.106
.108
.103
.100
.098
.096
.093
.091
.095
.093
PAINT SALES
Plastic paints, cold water paints, and calcimines:
Plastic paints ..thous. 3fdolCold water paints:
do. .
In drv form
.do....
In paste form
«
Calcimines
- - - do
Paints, varnish, lacquer, and fillers:
.do—.
Total
Classified total
. .do—
Industrial
.
.do....
Trade
_.
.do....
Unclassified
.do....
45
45
43
43
44
42
47
34
30
32
33
44
46
230
338
305
184
236
286
166
203
243
148
225
213
159
244
242
162
219
282
156'
253'
245
115
190
226
113
169
222
126
211
235
144
219
251
187
316
280
210
317
282
40,138
28, 546
9,611
18,935
11,592
35, 294
24,115
7,823
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, 769
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
31, 555
23,003
9,626
13,377
8, 551
32, 666
23,830
9, 469
14, 360
8,836
1,036
940
668
755
612
722
634
731
977
1,017
974
1,030
1, 051
1,124
1,018
1,008
789
937
923
956
1,049
977
1,315
1,171
1,116
950
491
509
258
253
288
323
658
602
546
530
592
616
945
1,048
1,332
1,251
1,112
1,032
896
856
989
1,014
1,078
1,029
508
522
2,192
604
859
730
2,436
682
862
892
2,404
699
811
894
3,212
900
1,075
1,237
4,012
1,130
1,265
1,617
4,095
1,062
1,401
1,632
2,583
630
836
1,117
2,076
515
527
1,035
1,439
359
358
721
1,140
374
391
645
2,910
692
891
1,327
3,289
785
1,150
1,355
-
CELLULOSE PLASTIC PRODUCTS
NItro-cellulose, sheets, rods, and tubes:
Production
_
thous. of ib__
Shipmentsc?
- - - do_
Cellulose-acetate, sheets, rods, and tubes
Production.
_
thous oflb.,
do
Shipments^
-ROOFING
Asphalt prepared roofing, shipments:
Total
_
thous. of squares..
Grit roll
do
Shingles (all types)
-. .
do
do
» Less than 500 bushels
t Dec. 1 estimate.
cf Includes consumption in reporting company plants; data for this item beginning 1935 are shown separately in table 15, p. 18, of the March 1939 issue.
§Revised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
41
SURVEY OF CURRENT BUSINESS
July 1939
1939
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
Miy
1939
1938
June
May
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
ELECTRIC POWER AND GAS
ELECTRIC POWER
j
Production, totali
mil. of kw.-hr.J 10,399
By source:
j
Fuel
do
I 6,171
Water power
do
By type of producer:
Privately and municipally owned public j
utilities
mil. of kw.-hr.-j 9,543
796
Other producers
do i
Sales to ultimate consumers, total f (Edison J
Electric Institute)
mil. of kw.-hr.-i.
Residential or domestic
do |_
Commercial and industrial
do |_
Public street and highway ltg—
-do |.
Other public authorities
do ;_
Sales to railroads and railways
do j .
Interdepartmental
do ]..
Revenues from sales to ultimate consumers i
(Edison Electric Institute)
thous. of dol.J.
|
Manufactured gas:
I
Customers, total
__
thousands..;
Domestic
do
j
House heating
,
do
i
Industrial and commercial
__._do
,
Sales to consumers
...mil. of cu. ft..!
Domestic
do
I
House heating
do :j
Industrial and commercial
do
Revenue from sales to consumers
i
thous. of dol.-'
Domestic
do
j
House heating
do
Industrial and commercial
do
'
Natural gas:
Customers, total
thousands.Domestic
do
Industrial and commercial
do
Sales to consumers
mil. of eu. ft j
Domestic
do
!
Ind'l., com'!., andelec. generation
do
Revenues from sales to consumers
thous. of doL.
Domestic
.do
Ind'l., com']., and elec. generation
do
3,898
' 9,955
9, 596
10, 246
9, 898
10, 270
10, 303
10, 882
10,641
9,654
5,888
3,708
6,402
3,845
6,377
3,520
6,868
3,402
6,760
3,543
6,976
3,906
6,899
3,742
5,828
3,826
6,116
4,450
r 5, 562
r 4, 393
9,690
10,332
i, 853
8, 900
554
550
9, 751
816
r 9,173
r 781
8,324
1,815
5,615
166
194
493
42
8, 398
1,719
5,751
159
202
524
41
190,219
186,714
8,571
511
8,710
487
9,019
504
9,650
531
9,314
524
541
7,231
7,437
1,481
5,185
125
193
414
8,093
1,527
5,773
144
199
413
36
8,190
1,611
5,786
156
194
407
37
8,335
1,638
5,835
178
196
449
38
8,475
1,723
5, 849
8,779
1,843
5,940
197
194
479
34
206
205
547
41
39
7,562
1,502
5,296
130
189
410
36
38
8,806
1,987
5,850
192
203
531
42
170, 983
174,271
176,099
182, 380
185,948
188,019
192,178
198,991
201,330
9,222
193
463
29,054
16,489
3,344
9.049
9,840
9,184
185
460
27,660
17,127
1,699
8,684
9,849
9,201
176
461
25,136
15, 949
856
8,155
9,862
9,212
180
460
23,842
14, 642
682
8,386
9,947
9,284
196
458
26,325
16, 466
9,936
9,264
212
450
29,180
17, 655
2,147
9,179
9,926
9,241
9,947
9,254
220
456
227
458
30,459
16,041
4,847
9,365
34,600
16,196
8,306
9,853
9,886
9,201
212
465
34,761
17,211
8,101
9,250
9,914
9, 225
219
461
33, 662
16,687
8, 004
8, 785
9,907
9,218
210
467
33,600
16, 647
7,122
9,641
9,894
9,197
218
467
32,626
16,242
6,074
10,144
27, 484
21, 350
698
6,336
25,894
19,884
589
5,312
28, 383
21, 804
819
5,652
30, 573
22, 869
1,656
5,919
30,881
21, 807
2, 790
6, 151
33,310
21, 923
4,763
6,478
33,734
32,811
21,038
5, 429
6, 227
32, 450
21,054
4, 902
6, 368
31, 586
21, 252
3,840
6,368
7,021
6,531
488
84, 378
15,513
67, 466
7,082
6,571
509
92, 958
19,485
72,102
7,194
6,637
554
107, 536
29,135
77, 633
7,220
6,655
563
126,093
42, 881
81, 704
7 , 1 5 6 '•• 7,163
6,615
6,603 ,
550 I
f>46
129, 398 134,515
49,177
51,291
78,736
81,770
7,194
6,636
555
127.377
46, 791
79,303
7,178
6, 626
549
113,379
36, 510
75, 465
29, 024
14, 853
13,974
36, 226
20,280
15, 801
45, 619
27, 751
17, 630
51,197
32,619
18,331
47, 979
30,218
17,520
41,034
24, 845
15, 958
3,482
7,774
3,031
4,489
8,265
3,816
4,ma
8, 746
3,985
10,702
8,735
513,454
472, 783
6,091
5, 003
13,019
9,984
516 755
472 143
519,158
477, 135
6,794
7,601
5,7?7
2, 683
3 817
3,670
1,465
4,972
136
189
428
GAS§
j
30,134 | 29, 577
22,255
22, 551
1,932
1,280
5,817
5,642
6,999
6, 484
512
90, 328
25, 427
63, 388
490
483
81, 237
19, 426
60, 664
78,312
16,095
61,019
6,973
6,486
485
79, 487
14,373 !
63,756 j
31,968
18,600
13,128
27,141
15,150
11,818
25,089
12,903
11,988
24,082 I 25,216
11,885
12,279
11,990
12, 737
6,960
6,468
6,944 I
6,459
22,125
5,196
6,292 !
50, 279
32,141
17, 899
FOODSTUFFS AND TOBACCO
BEVERAGES
j
Fermented malt liquors:
j
Production
...thous. of bbL.
Stocks, end of month
do '
Tax-paid withdrawals
do j
Distilled spirits:
I
Production, total
thous. of tax gal_J
Whisky
do 1
Stocks, total, end of month
.do |
Whisky
...do j
Tax-paid withdrawals
_.do I
Whisky
do....!
Rectified spirits, and wines, production
j
thous. of proof gal..
DAIRY PRODUCTS
>, 650
), 080
i, 079
199
590
£61
5,511
9, 661
5, 204
5,135
9.189
5,387
5, 337
8, 540
5,748
4,313
8,242
4,428
3,595
7,570
4,134
3,731
7,367
3,774
3, 537
7,081
3,669
), 743
% 971
L, 773
),271
>, 878
1,878
658
653
067
162
443
111
6,857
4,721
497, 528
471,160
6,592
5,175
5,692
3,915
496,903
470, 401
5,732
4,313
6,095
4, 217
496,012
469,451
5, 672
4,226
9,294
4,997
495,163
468, 480
7.491
5,837
18, 923
8,119
495,003
466, 376
10, 203
8,173
22,147
10, 562
501,207
466,176
11,745
9,571
16,956
10,780
505,670
466,809
9,724
7,693
2,983
2,772
3,504
4,480
122
3,311
5,362 ;
4,774 j
3,642 j
7,467
3, 103
11,829
9,193
510,194
470, 251
6, 246
5.008
2,973
8,569
10,876
8,443
)
Butter:
j
Consumption, apparent f
thous. of lt> |i ,-,9,419 164,403 i39,741 132, 413 138, 602 140,216 152,408 150,912 153,152 ! 145,603 139,535 J 153,186 153, 009
Price, wholesale &2-score (N. Y.)
j
.24
dol. per lb..|
.26
.26
.26
.26
.26
.26
.28
.26
.24
.27
.26
.23
Production, creamery (factory)f.thous. of 3b._| 193, 701 199,706 205, 599 184,778 167,215 149,914 136,132 116,042 121,790 128, 303 121,065 139,331 j 145,123
89, 250
Receipts, 5 markets J
do j 77, 960
64,457
78, 992
90, 433
53, 269
60, 495
55, 705
60,091
59,385
77, 740
78,843
5 3 , 9.r)5
Stocks, cold storage, creamery, end of month I
194,285
201,252
55,266
12C,351
thous. of lb.J 85,168
111,354
172,622
159, 254 128,872
210,703
92, 780
78, 909 r 70, 909
Cheese:
j
77, 687 r 75,156
72, 251
64,174
Consumption, apparent t
-do
69,203
57,838
50,428
68, 200
62, 356
64, 701
52,088
56,702 I 57,101
4, 853
Imports
do
4,042
7,018
4,309
4,233
4,445
4,083
5,925
3,881
4,001
4,425
4,881 | 3,927
Price, wholesale, No. 1 Amer. (N. Y.)
. 14
15
dol. per lb_
.15
.14
.15
15
.15
.14
.13
. 14
• 14 |
.14
.14
Production, total (factory) f
thous. of lb_. 77, 300 * 85, 900 91,700
53,877
69,800
80,000
41,407
38,728
54, 400
39,168 : 37,992
47, 775 i 54, 600
American whole milk f
do
60, 640 r 69,281
41, 267
55,830
71, 247
63,065
30, 251
27,899
34, 281
42, 791
28,171 ' 27 175
41, 145
Receipts, 5 markets
do
14,402
15, 764
14,718
12, 465
16,461
16,880
10, 537
10,998
16,345
10,753
11,9(50
11, 157
lli492 81,
Stocks, cold storage, end of month
do
79, 180
150, 248 140, 755 132,326
134,351
91, 160 114,788
127, 440 120,174
106,411
91,485
653 r 75 345
American whole milk
do
64, 719
127, 862 121, 423 115,351
114,607
79,345
109, 738 102, 563
99,676
68,812 ! r 62. 8(; (
90.401 1 77,270
r
Revised.
§ See note marked with a "f" on p. 41 of the June 1939 issue.
f Beginning January 1938, ^classification of certain items has affected the comparability of several of the series to a slight degree. Through 1938 "other sales" include
"interdepartmental" and "other sales" as reported by the compilers. Beginning January 1939 the item "other sales" has been divided between "residential or domestic"
and "commercial and industrial"; and a small volume of sales formerly classified under "public street and highway lighting" was transferred to "other public authorities."
For 1937 revisions in consumption and production of butter, consumption of cheese, production of American cheese, and production of condensed and evaporated milk, see
p. 41 of the December 1938 issue. Total production of cheese has been revised beginning 1920 to exclude cottage, pot, and baker's cheese; revisions not showrn on p. 41 of the
December 1938 issue will appear in a subsequent issue.
JFor comparable monthly figures beginning 1919. see table 14, p. 17, of the March 1939 issue.
IData for 1938 have been revised to adjust the figures to a uniform classification determined upon by the Bureau of the Census ami the Federal Power Commission.
Data shown here for total production and for production "by source" in 1938-39 are in accordance with the new classifications but production "by type of producer", also
affected by the change in classifications, is not yet available on a monthly basis. For all of these series, monthly data beginning 1920 will appear in an early issue of the Survey.
The new classifications differ from those given in the Census of Electric Light and Power Industry, 1937, in a few minor respects; the principal difference is that the data shown
here include total output of generating plants operated by street and interurban railways and electrified steam railroads, whereas the Census figures include only that part
of such power w^hich is produced for sale. As a result, the Federal Power Commission total production for 1937 is slightly larger than that reported in the Census.
42
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
May
1938 Supplement to the Survey
Julv 1939
1938
May
June
July
August i
1939
Decem- I JanuOctober November
ber
ary
ber
Febru- , March j April
ary j
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk:
Exports:
148
Condensed (sweetened)
thous. oflb__
2, 508
Evaporated (unsweetened)
do
Prices, wholesale (N. Y):
5.00
Condensed (sweetened)
dol. per case..
2.90
Evaporated (unsweetened)
_do
Production:!
Condensed (sweetened):
Bulk goods
thous. of lb_. 22,007
2,899
Case goods
do
262, 957
Evaporated (unsweetened)
_do
Stocks, manufacturers' end of month:
Condensed (sweetened):
7,910
Bulk goods.
_
_thous. of lb_
6,437
Case goods
do...
Evaporated (unsweetened), case goods
thous. of 1b. 209, 044
Fluid milk:
Consumption in oleomargarine
do—
Production (Minneapolis and St. Paul)
thous. of lb.
Receipts:
Boston (incl. cream)
thous. of qt..
132, 670
Greater New York (milk only)
do
Powdered milk:
1, 069
Exports§
_
thous. of lb__
Production %
_„
d
o — 38,721
d o
31, 953
Stocks, mfrs., end of mo.t—
—
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
2,041
Shipments, carlot
no. of carloads..
Stocks, cold storage, end of month
555
thous. of bbL.
Citrus fruits, carlot shipments..no. of carloads.. 17, 589
3,
376
Onions, carlot shipments
do
Potatoes, white:
1.680
Price, wholesale (N. Y.)-dol. per 100 lb__
Production (crop estimate)
thous. of bu._
Shipments, carlotno. of carloads.. "22,~759
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and
meal§_.
thous. of bu__|
Barley:
Exports, including malt
do
Prices, wholesale, No. 2 (Mpls.):
Straight.._.
dol. per bu._
Malting
___do.-._
Production (crop estimate)
thous. of bu_.
Receipts, principal markets
_..do
Stocks, commercial, domestic, end of mo.
thous. of bii.
Corn:
Exports, including meal
--do—
Grindings
.
do—
Prices, wholesale:
No. 3, yellow (Kansas City) —-dol. per bu .
No. 3, white (Chicago)
__v__do—._
Production (crop estimate)-...—mil. of bu.._
Receipts, principal markets
thous, of bu._
Shipments, principal markets
do
Stocks, commercial, domestic, end of mo.
thous. of bu,_
Oats:
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu..
Production (crop estimate)
mil. ofbu..
Receipts, principal markets
tbous. of bu__
Stocks, commercial, domestic, end of mo.
thous. of bn_.
Rice:
Exports!
„
_pockets (100 lb.)__
Im ports §.
do
Price, wholesale, head, clean (New Orleans)
dol. per lb__
Production (crop estimate)
thous. of bu__
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
thous. of bbl. (1621b.)-.
Shipments from mills, milled rice
thous. of pockets (100 lb.)_
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
nous, of pockets (100 lb.),..
California
Receipts, domestic rough
bags (1001b.)..
Shipments from mills, milled rice
do
Stocks, rough and cleaned
(in terms of
cleaned rice), end of mo—bags (100 lb.).._
Rye:
Exports, including flour
thous. of bu_.
Price, wholesale, No. 2 (Mpls.).-dol. per bu__
Production (crop estimate)
thous. of bu._
Receipts, principal markets
do
Stocks, commercial, domestic, end of mo.
tbous. of bu_.
1,366
1,414
572
1,983
220
1,862
80
1,922
279
2,380
356
2,335
259
2,034
2,198
5.00
3.00
5.00
3.00
5.00
3.00
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
11,922
3,210
119,614
14,178 14, 684 11,296
3,210
3,050
3,529
146, 679 122,885 100,723
30,147
4,753
279, 741
23, 662
3,197
276, 652
17,129
3,289
224, 681
14,752
3, 238
188, 507
15,907
9,052
19,538
9,434
21, 850
10,249
20,119
9,932
350, 790
392, 641
419,142
5,509
5,292
4,787
5,483
6,216
6, 247
45, 610
40, 746
34,641
29, 659
25,320
26, 377
16,090
119,365
15, 988
121, 643
16, 579
120,412
17, 727
127,352
12, 291
115,943
14, 936
120,748
820
43,808
'55,014
1,058
41,955
58,769
1,396
35, 562
59, 764
1.036
27, 350
55, 459
786
26,871
52, 602
751
25, 095
41, 204
15,327
118,582
673
20,419
37,194
"I," 177 j ~~5,~817 j 13J94
7, 365
/131, 882
6,738
10, 272
14, 399
2,355
8,736
18, 800
2,100
261, 703
2,083
655
18,615
3,991
1.515
878
14,306
1,632
1.619
~ 237478
944
11,453
1,197
10,198
1,447
1.144
17, 777
9,278
2,893
9,772 !
3,244 '
9,244
9, 235
7,139
11,701
7,854
205, 073
398, 287 344, 316
284,375
10, 090
12, 800
2, 996
5.00 i
2.90 !
142
1.710
5.00
2.90
5.00 \
2.90 ;
12,847
11,505 • 15.408 , 15,420
3,421 I 3,036 • 3,075 i 3,283
129,452 ! 137,882 ; 181,074 : 202.090
7. 202
8,536 I
4, 985
6,101 j
I
150,311 120,397
5. S09 : ' 6 . 1 3 5
4. 959 ! 4. 608
109,8s?
5, 856
5, 422
32, 002
36, 421
34, 829
14,342
118, 277
13,988
123, 868
12.681
1 ] 2, 50 i
549
21,532
33, 259
473
25,006
32, 860
519
22, 890
32,318
j>\ 233
30,1)72
4,776
4, S44
5,595 I
6,903
18, 726
2,433
1.095
1. 456
"147493"
12," 564
/ 369,297
12, 356
"17,406"
15,749
1.100
01
2,007 i
5, 830
5,838
I 26,700
5.00
2.90
"I5"056"
.931
14,600 I
15,248
8,521
104
1,522 I
1.595
134,625
4, 561
10.237
13,906 :
.70 : 121,682
696
3 1 , 190
' 32,102
r
3, 025
5,079 • 3.046 I ' 1.569
18,400 i 22,827 j 20,395
2,139 j 2, 350 I 3, 071
1.51s) '
1.375 ^ 1.800
" 17," 196 !""25."2l6".""l8,"S63
I
10,372
43,357
24, 752
30,022
28,323
614
1,973
1,619
861
2,744
.78
.57
.61
.48
.54
.55
.56
.47
.56
12,545
15,111
11,495
20, 385
15,4:v"
11,368
1,954 I
1,749
736
649
368
724
430
124
.53 j
.56 !
.50
.54
.50
.56
.54
.60
. 55
.54
.51
.57
/252,139
5, 846
5, 764
4,474
"V, 617"
2,978
2,900
16, 817
12, 335
10, 522
6,670
!, 846
5,745
5,010
5,771
7,885
15,096
17,025
18,924
16,187
15,015
13,752
J, 253
1,207
5,723
25,446
5,669
13,375
5,784
15, 664
5,289
12,674
6,079
7,898
6,564
4,119
6,915
6,032
6,547
3. 729
6, 724
7,050
5,740
1.721
:, 628
.55
.58
.53
.57
.55
.59
)
.53
23,333
20, 170
31,867
38,706
28,104
27,987
26, 573
27,617
17.419
18,061
34, 568
24, 749
23,674
15,004
10, 489
61
2,100
462
616 I
1,349
.34
.29
.28
.26 I
.24
6,~303'
6,784
283. 341
84, 857
"3,609
8,983
278,979
84,407
6,825
325,820
51, 259
.033
.033
.034
674
770
531
902
970
1, 017
6,837
322,270
40,452
256
45, 157
18, 994
23, 081
46, 645
650
1,405
7,707 I
20, 597
22, 026
22,609 i
215,914 ! 351,826
39, 355
46, 483
.034
485
1,625
611
839
17,676
223,534
34,816
.033
.033
14,373
8,827
52,644 ; 50,889
147 I
353
181
130
.30
304
16,919
15,545
958
.033
/ 52, 303
306,891
46, 344
(0
216
6,221
.31
1.003
5, 090
.51
398
.29
/ 1,054
5, 658
298,935
39, 991
8. 874
3, 798
f, 104
.40
.51
I
.26
16,128
309,896
50,561
.46
.47
.27 I
"247(569"
.034
270
17,240 j
9,942 j
.48 j
.54
/ 2, 542
32, 698 I 20, 202
16,356 1 10.969
.44
.45
4,579
5, 907
302
296
i, 473
8, 656
:, Til
39,262
114
112
.31
.32
o, 709 : 4,401
2. 022
:
:
:
10,312
302,102 : 274,893
07.008 j 90,116
.033
3,191
1,458
011
892
889
418
1,437
1,158
978
1,248
1,063
790
3,979
2, 595
1,841
1,434
1,027
1,685
3, 568
3, 983
203. 447
144, 414
87,859
65,547
186,353
94, 592
165,480
119, 712
269, 219
135, 853
260, 721
118,298
477, 536
161, 184
444, 297
182, 438
212, 534 262, 200 169,184 ! 229,700 j 100,345
136,365 129,003 118,478 i 143.617 j 136,287
241,164
231,374
190, 500
177,142
179,446
301, 531
382 460
366,012
502
.58
286
.56
116
58
.41
283
.41
307
.41
21
.40
419
1,147
1,000
1,195
264,
633
(a)
.51
• 34, 628
1,045
6,813
854
....
1,763
"~~6~785' """§,"452" "2,"l99"
6,825
7,761
8 340
"949"
8,102
.43
/ 55,039
1,248
8,369
3,695 ! 3, 580
393,811
3.244
375,050| 350,435 i 301,497
0
.46
.45
942"
5UT"~I,~241~|
8,126
2, 893
7,724 •
.43 I
.43
795
7,630 j 7,153
'Revised.
« N o quotation
« June 1 estimate. / D e c . 1 estimate.
J F o r c o m p a r a b l e m o n t h l y figures b e g i n n i n g 1918, see t a b l e 13, p . 17of t h e M a r c h 1939 issue.
fSee n o t e m a r k e d w i t h a " t " on p . 41.
° Less t h a n 500 b u s h e l s .
§ Re viced series. D a t a revised for 1937; see t a b l e s 19 a n d 20, p p . 14 a n d 15 of t h e April 1939 issue.
43
SUEVEY OF CUKRENT BUSINESS
July 1939
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
1939
1939
1938
May
August September
May
June
July
October
Novem- December
ber
January
February
April
March
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTSContinued
Wheat:
Exports:
Wheat, including flour 5
thous. of bu_. 14,489
10, 672
Wheat only§
do
Prices, wholesale:
No. 1, dark, northern spring,
.86
Minneapolis
dol. per bu_.
.83
No. 2, red, winter (St. Louis)
do
.76
No. 2, hard, winter (K. O.)
_do
Weighted av., 6 markets, all grades. _do
Production (crop est.), total
mil. of bu_.
Spring wheat
do
•523
Winter wheat
_
do
Receipts, principal markets
thous. of bu_. 25, 525
16,851
Shipments, principal markets
do
Stocks, end of month, world estimated
thous. of bu._
112, 987
Canada (Canadian wheat)
do
64,178
United States (domestic wheat)
_do
Held by mills (end of quarter)
do
Wheat flour:
Consumption (computed by Russell)
thous. of bbl._
812
Exports§_
do
Grindings of wheat
thous. of b u . .
Prices, wholesale:
5.23
Standard patents (Mpls.)
dol. per bbl_.
3.60
Winter, straight (Kansas C i t y ) , .
do
Production:
Flour, actual (Census).
thous. of bbl__
Operations, percent of capacity
Flour (computed by Russell)
thous. of bbl .
Offal (Census)..
thous. of lb._
Stocks, total, end of month (computed by
Russell)—.
thous. of bbl_.
Held by mills (Census)
do
13,335
11,041
9,010
7,059
1.05
.77
.80
1.05
.75
.77
.81
12,764
10,844
11,498
9,623
5,358
3,483
.78
.66
.76
.67
.70
5,720
3,104
6,917
4,893
6,970
4,430
.73
.73
.77
.70
.67
.68
/931
/244
/687
14,892
18,252
.68
.65
.65
.63
.65
12,613
10,217
11,946
8,782
.73
.71
.73
11, 087
8,487
9,468
5,874
.77
.73
.69
.71
.78
.76
.70
.72
13,748
11,113
16,000
11,174
11,900
12, 758
9,512
9,251
484,150
161,161
128,748
163,097
467,360
154,325
118,936
412,390
144,817
100,119
9,445
431
40,324
9,226
540
38,357
8,351
510
38, 755
4.81
3.79
4.91
3.80
5.06
3.84
5.10
3.82
9,699
63.0
9, 634
60.5
8,838
59.2
8,416
54.0
8,476
57.2
7,757
57.0
10,094
743,993
10, 548
770,077
10, 484
765,608
9,286
704,995
9.266
672,015
8,711
681,624
8, 512
625,888
6,049
6,560
4,314
6,750
6,200
5,700
4,317
5,550
I
5,300 I
1,946
2,017
2,306
1,900
1,465
1,635
1,294
1,103
821
335
1,061
950
1,122
1,120
594
989
927
473
843
632
975
608
259
11.01
9.25
10.91
10.20
11.11
10.84
10.88
10.70
10.75
10.29
11.60
9.63
11.59
10.38
1,757
1,570
1,797
1,881
2,255
2,607
2,570
1,249
500
38
1,122
444
1,323
465
35
1,397
479
26
1, 660
587
28
1,903
691
33
1,848
726
43
8.08
7.65
7.17
7.18
7.66
7.30 !
2,664
2,986
2,805
1,945
1,552
1,746
1,546
1,993
1,146
1,495
438
1,174
1,786
621
1,124
1, 673
856
996
968
415
890
673
155
1,063
677
113
953
595
82
1,766 !
i
1,046 !
720 !
110 j
3.19 I
8.56
3 27
7.93
3.28
7.56
3.35
7.68
3.73
8.38
3.78
8.59
3.97
8.63
4.38
8.54
4. 78 i
8.66 i
5. 06
9.36
1,057
1,202 I
14,274
17,090
16,984
14,277
101,195
26, 726
61,080
25, 258
38,477
23,291
27,345
23, 797
19,110
21, 696
190, 520
28,921
31,316
176,500
25,065
28,333
84, 501
260, 620
18, 726
96,389
330,930
65,457
133,725
420,110
150,665
139,273
185,095
437,340
173, 542
141,914
439,820
162, 375
136,204
7,909
488
35, 784
8,779
415
39,165
8,630
409
39,290
9,450
399
42,098
9,239
399
44,234
9,737
557
43, 896
5.21
4.15
5.88
4.53
5.43
4.25
4.97
4.01
4.91
3.91
7,739
49.9
8,474
52.6
8,507
55.0
9,160
54.8
8,177
646,817
8,656
707,364
9,573
702, 336
5,316
4,866
3,508
5,808
1,737
1,681
1,605
1, 068
647
240
1,021
632
218
995
615
215
952
659
242
10. 59
9.68
9.13
8.78
2,410
1,890
1, 822
575
1,333
548
31
6.68
8.17
8.69
379, 820 359,730
139,071 134,085
82, 689
74, 851
120,197 (
8,110;
553
673 | r
35,447 | 41,068
4.95 I
3.66 !
765
37, 698
4.79
3.51
4.87
3.47
8,244
55. 7
r 8, 951
r
56. 0
730,612 I 665,468
LIVESTOCK
Cattle and calves:
Receipts, principal markets.thous. of animals.Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Cattle, corn fed
dol. per 100 lb._
Calves, vealers—
do
Hogs:
Receipts, principal markets.thous. of animals, Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
...do
Price, wholesale, heavy (Chicago)
dol. per 1001b..
Sheep and lambs:
Receipts, principal markets.thous. of animals..
Disposition:
Local slaughter.
do
Shipments, total
do
Stocker and feeder
do....
Prices, wholesale (Chicago):
Ewes.
dol. per 100 l b Lambs
„
do.
32
1,542 i 1,467
952 i
579 i
253 !
869
581
233
11.36
11.19
11.44 |
10.34 !
11.22
9.56
2,699
1,971 |
2,205 I
1,996
1,928
754
41
1,398
566
38
1,654 I
547 j
45 j
1,509
485
44
6. 91
1,951
2,409
1,929
1,070
884
235
1,274
1,129
187
1,080
862
171
4. 60
9.38
3.62
7.76
3.16
8.84
958
671
62
982
642
62
965
937
601
61
1,017
972
548
1,070
1,005
459
53
1,097
1,073
413
50
1,092
1,177
484
54
1,040
1,227
671
72
452,674
944
456, 814
1,029
449,240
1,194
468,355
1,082
498, 910
1,261
479, 588
1,248
461,485
1,192
415, 788
1,795
.158
.174
.170
.170
.174
.172
.170
.172
.177
437,167
33, 601
449. 569
33, 730
444, 617
35,925
462,160
34,467
495,838
36,943
477, 452
41,218
467, 980
52, 637
416,041
58,187
425, 605
53,126
368,125
46,404
439, 576
40, 970
61, 691
61, 732
2,125
56, 240
56, 321
2,148
55, 536
55, 392
1,972
62,186
62,112
1,861
65,392
65,880
2,318
63. 276
63, 588
2,606
56, 375
56,997
3,171
54,281
54,684
3,541
61, 709
61,123
2,925
58, 558
58, 452
2,773
63. 877
63! 451
2 ; 412
481,847
29, 711
20, 340
486,067
25, 635
17,179
460, 647
22,187
12, 881
486,157
17,329
10,842
506,164
25,493
18,790
554, 066
28, 332
21, 071
574,142
27,075
16,009
570,273
27, 258
19,198
561,329
36,966
28, 520
463, 239
32, 727
24, 483
.214
.212
.222
.226
.242
.248
.200
.200
.200
.200
.200
.203
.087
.098
.088
.097
.095
.106
.083
.097
.074
.092
.077
.090
.073
.084
.073
.081
.070
.081
.067
.077
458, 701
81,023
S74,097
450, 516
123, 681
476, 552
80,365
543, 770
417,704
126,066
436,978
72,938
502,658
378,981
123,677
443,756
75,838
367,177
277,231
89,946
531, 753
89, 716
319,312
251, 645
67, 667
651, 636
105, 533
373,641
299,142
74,499
756, 532
134,776
537,525
430,104
107,421
715,179
132, 533
658,489
526,411
132,078
500, 769
90,038
667,419
542,138
125,281
MEATS
Total meats:
Consumption, apparent
mil. of lb_. 1,106
1,127
Production (inspected slaughter).
do
760
Stocks, cold storage, end of month
do
65
Miscellaneous meats
do
Beef and veal:
479,
344
Consumption, apparent
thous. of lb-.
1, 036
Exports§._
____
do
Price, wholesale, beef, fresh, native steers
.166
(Chicago)
dol. per lb._
Production (inspected slaughter)
thous. of lb_. 466,306
34, 431
Stocks, cold storage, end of m o . . .
do
Lamb and mutton:
55,523
Consumption, apparent
do
55,398
Production (inspected slaughter).
do
1,807
Stocks, cold storage, end of month
do
Pork (including lard):
570, 977
Consumption, apparent
do.
36, 990
Exports, total §
do.
25, 303
Lard§
do_
Prices, wholesale:
.207
Hams, smoked (Chicago)
dol. per lb_.
Lard, in tierces:
.069
Prime, contract (N. Y.)
do
Refined (Chicago)
do
.079
Production (inspected slaughter) total
thous. of lb- 605,478
106,945
Lard
do
659, 086
Stocks, cold storage, end of month
do
519,851
Fresh and cured
do
139, 235
Lard.
do.
r
* June 1 estimate.
Revised.
Data revised for 1937; see table 19 p.
8.45
8.94
807 i
496 j
213
1,964
979
992
177
448,180
74,192
451,397
334,777
116,620
/ Dec. 1 estimate;
14 of the April 1939 issue.
791 I
76
434,239
1,105
899 :
927 j
784 !
68
377, 363
841
900
1,082
251
1,064
1, 067
758
63
' 943
955
r 758
63
450, 183 ' 402. 876
710
1,047
390. 623
'66,866
r
'51,198
50. 790
«• 1,956
550, 289 •488,486
33, 022
25, 591
22 157
17,531
563, 699 513,160
99,442
91,858
652,456 •656,746
523,204 527,213
129,252 i• 129, 533
44
SURVEY OF CURRENT BUSINESS
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
1939
1938
May
Septem- October
ber
May
June
July
August
July 1939
1939
ber
December
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of lb._ 24, 427
Stocks, cold storage, end of month
do
Eggs:
Receipts, 5 markets.
thous. of cases.. 2,311
Stocks, cold storage, end of month:
Case—
thous. of cases..
5, sat)
Frozen
thous. of lb._ 117,985
19,121
52,049
21,697
53,432
22, 960
52, 640
1,916
1,509 1,035
5,100
130,872
6,255 j 6,411
138,510 135,329
23,747
54,941
26, 965
59, 942
36, 763 74, 302 65, 855 23, 286 16,744
77, 692 118,088 139,108 133, 531 116,229
1,041
574
989
17, 825 16,217
90, 987 • 70, 568
5,942
125,018
4,765
DO, 244
3,244
94, 305
1,439
78,091
302
62,903
136
50, 345
165
44, 476
1,105
60,465
18, 147
.0524
12,117
.0499
8,930
.0480
15, 887
.0462
18,143
.0437
33. 297
.0460
1, 526
818
1,189
1,598
861
1,147
1,218
775
1,386
1,451
785
1,325
1,191
662
1,423
1,222
697
1,086
43,792
.0468
1,305
694
1,497
.052
1,033
716
2,065
1,649
r
3, 357
" 88, 867
TEOPICAL PRODUCTS
Cocoa:
Imports
_..
-long tons..
Price, spot, Accra (N. Y.)
dol. per lb_.
Coffee:
Clearances from Brazil, total.thous. of bags..
To United States—
--do
Imports into United States
do
Price, wholesale, Rio No. 7 (N. Y.)
dol. perlb..
Receipts at ports, Brazil
thous. of bags..
Visible supply, total, excl. interior of Brazil
thous. of bags..
United States
do
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of Spanish tons..
United States:
Meltings, 8 ports
long tons..
Price, wholesale, 96° centrifugal (N. Y.)
dol. per lb_.
Receipts:
From Hawaii and Puerto Rico
long tons..
Imports§
do
Stocks at refineries, end of month..do
Refined sugar (United States):
Exports, including maple
do
Price, retail, gran. (N. Y.)
dol. per lb_Price, wholesale, gran. (N. Y,)_
do
Receipts:
From Hawaii & Puerto Rico...long tons..
Imports:
From Cuba§
do
From Philippine Islands§
do
Tea:
Imports
thous. of lb._
Price, wholesale, Formosa, fine (N. Y.)
dol. perlb..
Stocks in the United Kingdom..thous. of lb__
28, 889
.0446
5,795
.0467
8,987 | 21,180 ! 40,630
. 0526
.0532
.0470
1,638
767
1,187
1,439
690
1,183
1,622 I 1,305
783 j
683
1,232
1,190
.052
1, 498
.048
1,525
.049
1,401 I
.054 | .056
.049
1,214 ! 1,624 j 1,792
.055
1,615
.055
1,421
.053
1,700
8,249
860
7,388
813
7,215 I
796 |
7,276
7,621
701 i
858
7,468
721
7,409
858
7,836
914
.053
1,295
7,816
855
2,037 ! 1,894 I
1,554 | 1,316
1,014
750
725
1,407
374,511 ' 382,948 j 391,543 I 425,588 375,935 | 292,036 247, 226 261,257
247,112
2,263
r 2,386
328, 213
343,093
.029
.027
.027 |
.028 !
1,591
819
1,145
.028
.030.031
.030 I
.029
.029
7,740
860
.028
56,139
98,038 62, 317 122,969
137,011 205,469 141,731 |158, 276 113, 822 142, 271 116,173
;211,077 347,381 311,574 213,840 111,170
46,066
63, 481 116,014
184,364 236,888 226,003
345,274
j
429,
495
282,
876
334,
246
194,
732 199, 056 241,039
269,978
215,
388
308,
086
357, 250
3,844
4,034 ! 4,958 ! 5,134
5, 625
4,472
6,428
5,344
5,003
4,018
14, 529
.051
.051 ! .050 ! .050
.049
.049
.049
.050 I . 050
.050
.050
.044
|
.046
.043
.044
!
.046
I
.045
.042
.042
.045
.044
i
.044
i
2,908
!
2,485
13,017
|
754
1,208
!
1,339
1,
335
17,734
4,
183
23, 352
9,479 j
18,870
9,191
8,785
.280
34,121 j 40,044 ! 59,872 i 11,791
2,293
6,563 | 2,995
5,676 !
4,287
I
5,004
5,697 j 5,270
7,528 I 7,959
6,253
.280
.280
.280
.280
558 189,983 214,017
162, 841 165, 658 170,197 182,.280
32,712
3,621
0
' 2, 532
8,404
1,413
536
987 j
5,187
2,223
7,698
7,931
7,603
!
I
!
!
;
32, 052
.0448
1,232
610
1,017
.051 I .051
1,279 j 1,341
7,757 j
867
805
2,580 j 2,621
371,979 | 401,523
• 028 '
.029
183, 880 184,440
228,690 200, 084
236, 666 271.306
5,532
.049
.044
3. 641
.049
.044
16,662
18,076
18, 230
2,979
10,336
6,495
8,576 j
6,866
.280 | .280
.280 | .280
.280
.280
231, 628 243, 223 252, 634 234, 468 205,084 I 182,681
MISCELLANEOUS FOOD PRODUCTS
Candv, sales by manufacturerst-thous. of dol..
Fish: Landings, fresh fish, prin. ports.thous. of lb_.
Salmon, canned, shipments
..cases..
Stocks, cold storage, total, 15th of month
thous. of lb._
Gelatin, edible:
Monthly report for 7 companies:
Production
do
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production..
--do
Stocks
-do
15,169
43,546
35,161
1,641
1,418
6,520
13, 307
12,695 I 10,359
13, 053
22,945
21, 401
23, 656
21, 243
46,890 36, 529 40, 275 34, 666 27,112
46, 543 38,963 I 39,238
411,041 518,885 I 653,102 814,883 1,112,465 899,579 539, 699 716,458
45,981
1, 698
1,666
6,925
55,039
1,621 !
1,593 |
6,953
6,147
9,914
66.716
75, 882
84, 537
85, 665
93,024
60,711
1,063
1,400
1,056
1,994
6,014
924
1, 397
5, 542
1,082
1,445
5,179
1,364
1,226
5,317
1,518
1.242
5,593
6,615
3,909
7,956
18,195
1,554
1,301
5,845
1,437
1,33.5
5, 948
18,886 j 16,223
1, 008
l
28, 013
5,820
37, 502
5, 492
44,333
6, 592
21,777
4, 783
2, 363
1,912
330 ;
13,863
11,782
349, 497 361, 233
14,244 ; 12,269
437,584 I 403,042
26,914
451,194
25, 425
623,889
29, 594 | 25. 62S
562,225 | 424,857
23, 260
372
3,419
3,419
15, 650
400
22 571
319
4,145
2,924
14,711
471
26, 052
423
4,322
3,365
17,451
491
5.513
46. 056
5.513
46. 056
5. 513
46. 056
Revised.
/Dec. 1 estimate.
tFor monthly data beginning 1928, corresponding with monthly averages for 1928-33 shown in the 1938 Supplement, see table 7, p. 17, of the January 1939 issue.
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
1, 546
1,557 I 1, 178
5, 929 | 6, 296
6,340 I
8,909 |
5,234
8,004
TOBACCO
Leaf:
35, 219 60, 379 82, 034 55,167 54. 217
21,396
21,425
13,467
Exports!
thous. of lb_.
24, 502
5,641
10,435
6,284
4,373
6,793
Imports, incl. scrap§
do
5,324
4,797
Production (crop estimate)
mil. of lb_.
7,765
/ 1, 456
Stocks, total, incl. imported types, end of
2,178
2,343
quarter
mil. of lb_.
2,227 !
1.726
1,946
Flue-cured, fire-cured, and air-cured..do
1,822 I
359 !
Cigar types
do
298
323
Manufactured products:
Consumption (tax-paid withdrawals):
13, 784 15,892
' 14,424 14,717
13, 264 13, 506 12, 656
Small cigarettes—
millions..
14,711
Large cigars
thousands- 15,445 417,138 477, 443 420,510 477, 596 486, 482 525, 662 515, 859 333,982
470, 580
Manufactured tobacco and snuff
27, 544 30,473
28,921
30,180
27,126
thous. of lb—
30, 577 27, 869 30,940
Exports, cigarettes!
thousands.. 30. 499 487,675 598, 716 466,561 502,491 420,493 631,023 518,943 576, 210
592, 851
Production, manufactured tobacco:
24,954 27,756
25, 766 27,184
28, 111 24, 825
Total
thous. of lb__
27, 327 24,969
394
378
427
409
Fine cut chewing
...do
363
382
358
403
4,701
5,037
4,615
5,140
Plug
do
4,344
4,266
5,023
4,290
5,443
3,551
4,142
3,709
Scrap chewing
do
2,151
4,563
3,655
4,133
16,772
14,005
17,118
17,962 17,812
Smoking
do
17, 671 18,503
15, 580
434
426
460
537
Twist
_
_
do
444
415
440
433
Prices, wholesale:
5.513
5.513
5.513
5.513
5.513
5. 513
5.513
5.513
Cigarettes
dol. per 1,000..
5.513
46. 056 46. 056 46.056
46.056
46. 056 46. 056 46. 056 46.056
Cigars
do
46.056
f
17,717
23, 070 25, 652 30, 983 41, 5.54
524, 250 487, 357 525, 662 524, 393
62, 253 40, 423 29, 744
5. 513
46. 0,56
45
SURVEY OF CURRENT BUSINESS
July 1939
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
1939
May
1939
1938
May
June
July
August
Septem- October November
ber
December
January
February
March
April
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports§
thous. of long tons..
Prices, composite, chestnut:
Retail
_dol. per short tonWholesale
do
Production
thous. of short tons..
Shipments
do
Stocks, end of month:
In producers' storage yards
do
In selected retail dealers' yards
number of days' supply..
Bituminous :
Exports§
thous. of long tons..
Industrial consumption, total
thous. of short tons..
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
.do
Coal-gas retorts
_
_._do
Electric power utilities
.do
Railways (class I)
do
Steel and rolling mills.__
do
Other industrial...
do
Other consumption:
Vessels (bunker)
thous. of long tons..
Coal mine fuel
thous. of short tons..
Prices:
Retail, composite, 38 cities
dol. per short ton..
Wholesale:
Mine run, composite.._
do
Prepared sizes, composite
do
Production
thous. of short tons..
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons..
Industrial, total
_.do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts.
_.
do
Electric power utilities..
do
Railways (class I)___
do
Steel and rolling mills
do
Other industrial
_
do
Retail dealers, total..
..do
9. 154
P 5, 071
4, 206
238
250
4,255
3,821
197
129
10.63
9.030
4,291
3,869
11.02
9.602
3,337
9.231
2,571
2,361
9.431
2,729
2,336
154
143
9.731
4,953
4,047
9. 698
4,114
3,382
11.35
9. 642
3, 604
3, 232
408
127
9.605
4,165
3, 519
9.713
3,728
3,167
11.49
9.706
4, 471
3,849
9. 07S
4| 842
1,390
1,764
1,757
1,924
2,121
1,917
1,901
1,046
761
58
57
58
63
44
63
51
29
25
929
1,148
956
1,093
1,032
1,107
1,092
277
282
348
207
24,183
111
4,346
244
137
3,051
6,545
759
8,909
25, 786
107
4,855
368
143
3,168
6, 970
805
9,370
22, 390
31
4,114
402
131
r 2, 827
' 6, 042
r
823
8,020
92
249
105
259
20, 531
39
3,383
429
125
3,056
5,921
648
6,930
19,574
92
3,236
434
137
2,803
5,609
603
6,660
122
113
156
4.464
4.300
17, 880
4.303
4.391
21,321
25, 280
22, 480
2,637
285
128
6,679
5,109
512
7,130
2,800
37
1,458
26,185
121
4,751
212
149
3,595
7,149
858
9,350
18,862
69
3,085
478
127
3,038
5,482
583
6,000
20,346
79
3,534
478
128
3,315
5,662
660
6,490
21,116
88
3,770
430
130
3,338
5,938
652
6,770
23,734
100
4,360
486
134
3,575
6,663
736
7,080
24, 921
110
4,622
441
138
3,530
6,597
803
8,680
26, 533
123
4,742
342
144
3,684
7,161
837
9,500
100
172
99
211
95
237
112
258
129
265
81
266
4.294
4.404
22,507
4.297
4.434
23, 367
4.296
4.469
28,665
4.299
4.524
32,286
4.299
4.576
34,989
4.299
4.565
35, 925
4.298
4.557
36, 541
4.290
4. 544
35,530
4.286
4.520
33, 910
4. 283
4. 491
35, 290
4.421
4.345
10,747
33,158
27,748
4,867
309
253
8,201
4,996
722
8,400
5,410
33,452
27,612
5,000
311
271
8,067
4,827
716
8,420
5,840
33,615
27,265
6,364
275
277
7,905
4,532
652
8,260
6,350
34,579
27, 719
5,540
299
279
7,834
4,556
651
8,560
36, 507
29, 377
5,952
313
263
8,029
4,672
638
9,510
7,130
39, 024
31,324
6,459
330
258
8,195
5,052
620
10,410
7,700
40, 821
33, 321
7,173
346
264
8,413
5,315
650
11,160
7,500
40,720
33, 670
7,462
349
252
8,491
5,629
687
10, 800
7,050
39,720
33,270
7,374
350
236
8,379
5,819
742
10,370
6,450
39, 887
34,087
7,373
403
220
8, 456
6,736
879
10,020
5,800
40, 505
35, 225
7,222
414
217
8, 760
7, 603
1,029
9, 980
5,280
' 3 1 , 746
' 28. 226
4,434
321
179
' 7, 642
' 6,387
-803
8,460
' 3, 520
45
60
39
33
55
40
38
27
25
23
21
18
i.750
3.750
3.750
71
1,078
117
69
3,439
128
20
2,915
142
3,037
1,198
1,839
694
2,967
1,091
1,876
734
18,596
82
2,931
451
130
2,846
5,298
588
6,270
8.08
8.54
COKE
Exports
thous. of long tons..
Price, beehive, Connellsville (fujnace)
dol. per short ton..
Production:
Beehivet
thous. of short tons..
Byproductt
do
Petroleum coke
_
...do
Stocks, end of month:
Byproduct plants, total
.do
At furnace plants
do
At merchant plants
do
Petroleum coke
_
do
3.750
4.250
3.875
3.750
3.750
3.750
3.750
3.750
3.750
3.750
24
2,396
58
2,283
138
52
2,067
137
44
2,177
138
50
2,494
148
56
2,675
111
63
3,093
147
70
3,278
153
79
3,363
142
77
3, 367
126
2,751
951
1,800
3,275
1,376
1,899
562
3,375
1,411
1,964
574
3,564
1,460
2,104
610
3,709
1,453
2, 256
651
3,675
1,392
2,283
623
3,716
1,334
2,382
654
3,745
1,307
2,438
678
3,610
1,291
2,319
708
3,330
1,241
2,089
717
99,238
1,923
1.160
98,674
79
93,880
2,130
1.160
94, 277
77
99,856
2,669
1.160
102,898
79
101,352
1,720
1.160
106,165
96, 990
1,584
1.160
98, 661
79
100, 787
2,647
1.040
101,830
79
97,309
2,308
.960
98, 567
79
97, 964
2,678
.960
102,287
77
99,614
1,371
.960
102,490
87, 797
1,343
.960
93, 475
76
98,917
1, 736
.960
106, 708
99, 503
2,788
.960
105,510
80
81,822
31, 624
259, 259
45,101
214,158
1,656
82, 833
33,151
251,213
44,314
206,899
1,776
84, 724
33,138
247, 361
43,674
203, 687
1,539
85,132
33, 548
243, 952
42,724
201,228
1,648
86, 705
33, 975
240, 251
42, 979
197, 272
1, 601
87, 222
34,999
233, 463
41,131
192, 332
1,715
87, 399
36, 064
228,741
40, 386
188,355
1,572
87,595
87, 222
36,927
37, 193
229,140 227,134
42, 540
41, 221
187,919 184,594
1,385
1,419
87,002
38, 323
227, 098
41, 777
185, 321
1,338
86, 294
39, 383
229, 079
41, 154
187,925
1,252
86, 075
39, 699
230, 926
40.180
190,746
1,419
936
3,678
3,393
.925
1, 187
3, 729
3,219
.925
1,206
3,811
2,969
.925
1,207
3, 898
2,916
.925
1,094
3,815
2,925
.925
1,101
4,199
2,788
.925
1,193
4,010
2,771
.925
1,243
4,111
2,925
.925
1,236
3,957
2.587
.895
1, 116
3,640
2, 904
.850
1,134
4, 033
3. 076
.850
24, 392
12,160
22, 761
10, 784
23, 547
12, 688
24, 232
12, 691
24, 552
13, 074
25, 487
13, 820
24, 573
12, 793
25,197
13, 873
25,800
14,135
21, 476
12, 797
25, 040
13, 539
24, 750
13,301
29, 284
22,385
30, 282
24,699
32, 285
26, 620
32. 874
28,841
33, 661
30, 860
33, 344
33,017
30, 935
32, 069
26, 991
27, 873
24, 309
24, 650
21, 952
21, 731
19, 288
20,115
19,534
21,058
44,911
3,603
48,293
3,517
47,474
3,597
50,459
3,998
46, 058
3,068
46, 272
3, 572
44, 991
3,205
41,649
4,607
37, 707
2,764
34,595
2,569
42, 520
3,523
43,977
2,900
.130
.051
.141
.130
.053
.141
.127
.055
.141
.124
.055
.140
.124
.051
.138
.124
.046
.134
.124
.046
.133
.119
.043
.119
.041
.119
.042
.118
.045
.114
.069
PETROLEUM AND PRODUCTS f
Crude petroleum:
Consumption (runs to stills)...thous. of bbl_.
Imports §
do
Price (Kansas-Okla.) at wells..-dol. per bbl__
Production
.thous. of bbl__
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl__
Light crude
_
.do
East of California, total
do
Refineries
do
Tank farms and pipe lines
do
Wells completed
number..
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plants!
thous. of bbl._
Railways (class I)
do
Vessels (bunker)
do
Price, fuel oil (Oklahoma)
dol. per bbl..
Production:
Residual fuel oil
thous. of bbl..
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbl..
Gas oil and distillate fuels, total
do
Gasol'ne:
Consumption, domestic
thous. of bbl__
Exports§
_.do
Price, wholesale:
Tank wagon, delivered (New York)
dol. per gal__
Refinery (Oklahoma)
do
Price, retail, service stations, 50 cities.do...
4,186
.960
1,340
.850
3,915
.118
.049
r
J,242
3, 890
8,341
.850
' Revised.
*> P r e l i m i n a r y .
f R e v i s e d series. P e t r o l e u m a n d p r o d u c t s revised for 1937; see table 9, p . 15 of t h e M a r c h 1939 issue. Beehive a n d b y p r o d u c t coke production revised for 1937; see p . 45 of
t h e D e c e m b e r 1938 S u r v e y . Gas a n d fuel oils, c o n s u m p t i o n b y electric power p l a n t s , revised for 1938. See p . 45 of t h e J u n e 1939 issue.
§Revised series. D a t a for 1937 revised; see tables 19 a n d 20, p p . 14 a n d 15 of t h e April 1939 issue.
46
SURVEY OF CURRENT BUSINESS
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
1939
May
July 1939
1938
May
June
July
1939
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTSf—Con.
Refined petroleum products—Continued.
Gasoline—Continued.
Production:
At natural gas plants
thous. of bbl__
At refineries:
Total
_do
Straight run
do
Cracked
-do
Natural gasoline blended
do
Retail distribution t—~
mil. of gal...
Stocks, end of month:
Finished gasoline, total
thous. of bbl —
At refineries
do
Natural gasoline
_.do
Kerosene:
Consumption, domestic
do
Exports §
.
do
Price, wholesale, water white 47°, refinery
(Pennsylvania)..
dol. per gal..
Production
thous. of bbl_.
Stocks. refinery, end of month
do
Lubricants:
Consumption, domestic
do
Price, wholesale, cylinder, refinery (Pennsylvania)
..-.-dol. per gal.Production
thous. of bbl..
Stocks, refinery, end of month
.do
Asphalt:
Imports§
.
short tons..
Production
--do
Stocks, refinery, end of month
do
Wax:
631
. 053
.115
2, 505
Production
thous. of lb__
Stocks, refinery, end of m o n t h - do
4,196
4,001
4,226
4,081
4,375
4,244
4,345
4,264
3,747
4, 232
4,232
46, 645
20,804
23,042
2,799
1,850
44, 247
19,735
21.877
2.635
1,931
|
47, 607
21,020
23, 652
2,935
1,989
48, 662
21, 524
24,188
2, 950
2,088
47,312
20,934
23,049
3,329
1,909
I 49,677
I 21,383
I 23,862
I 4,432
1,890
47, 998
20, 397
23, 379
4,222
1,762
47, 780
20, 794
22, 701
4,285
1,745
48, 308
21,125
23,546
3,637
1,548
42, 721
18, 455
21, 037
3, 229
1,427
47,186
20,003
23, 280
3,243
1, 734
47,426
20. 922
23. 521
2. 983
80,987
54,010
6, 548
73,725
47,159
6, 951
70,224
43,091
7,614
64, 599
40,137
8,022
63,163
38,819
8,159
6,771
63, 542
38, 739
64, 083
39, 376
5,742
65, 949
41, 805
4, 830
73, 847
49,419
4,647
79, 691
54, 509
4, 708
3,637
745
3.257
' 381
3, 752
210
4, 292
597
4,187
797
5,185
646
5,368
323
6, 813
783
5, 980
770
5, 901
510
.052
5,649
7,627
,053
5.235
9, 202
.053
4,889
10,112
. 052
4. 933
10,149
.051
5,348
10,497
.051
5,320
9,949
.050
5, 419
9,676
.049
5,739
7,799
. 0-J9
5, 702
6,711
. 052
5, 174
5,452
1,730
1,606
1,844
2,002
2,127
1,805
1,735
1,831
1,609 |
.110
2,595
8,255
,110
.106
2,631
8,194
.105
2. 576
7,969
.105
2,615
7,605
.105
2,632
7,718
. 105
2, 535
7,817
.105
2,384
7, 695
.105 I
2,527 !
7, 702 !
i
2,378 !
8.114 |
4,127 !
,023
, 172
. 484
. 053 |
». 900 I
), 605 |
. 053
.813
. 003
1,053
. 105
2, 522
7, 951
105
604
800
. 105
, 072
, 886
1,727
450,000
710,700
2,335
445, 600
669. 300
1. 208
475, 800
633,200
2,844
514,400
566, 400
1,923
456, 300
471,100
1,649
464, 900
442, 200
3,461
322, 700
447, 600
2,078
242. 400
480, 900
2,869 I 9, 062
244.400 I 189,300
532,000 "72, 000
2 886
308' 200
650, 000
358
900
000
35,560
140,826
37, 800
138. 260
30,240
135,911
31, 920
134,103
36, 400
129, 018
42, 000
128, 926
37, 520
131,772
36,120
129, 340
35, 280
128,627
33, 320
117,711
44, 800
117, 537
000
301
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins§
thous. of lb._
Calf and kip skins§ . . .
do
Cattle hides§
do
Goat,skins§
do
Sheep and lambskins §
do
Livestock (inspected slaughter):
Calves
.thous. of animals..
Cattle
--do
Hogs
---do
Sheep
...do
Prices, wholesale (Chicago):
Packer's, heavy, steersdol. per lb__
Calfskins, packers', 8 to 15 1b
do....
27, 026
1,939
10,388
6,332
5,189
11,561
1,337
2,737
4,733
1,902
12, 242
1,429
2,058
4,176
3,942
14,903
2,144
5,393
4,795
1,941
16, 266
3,175
2,716
5,223
4,341
16,897
2,133
5,670
5,498
2,282
19, 803
2,116
7,527
4,945
3,641
24, 399
3,440
10, 725
6,122
2,685
25, 657
3,972
9,588
6, 075
4,468
32, 826
3,563
13,528
6,317
7,901
28, 189
2, *>09
13, 200
6,189
3, 975
29,196
2,380
11,771
6,769
4,430
25, 454
2, 505
11.374
5. 260
4,858
509
814
3,416
1,392
500
772
2,585
1,550
475
816
2,533
1,485
436
820
2,254
1,461
457
848
2,467
1,603
453
917
2,671
1,694
470
884
3,311
1,638
457
858
3,913
1,453
417
758
4,346
1,347
415
761
4.043
1,456
385
653
2, 8y()
1,361
478
774
3, 229
1,473
457
677
2,931
1,224
.105
.156
.095
.123
.093
.111
.139
.119
.145
.120
.143
.134
.161
.141
.163
.123
.157
.121
.163
.104
.154
. 107
. 154
.097
.145
.114
Exports:
LEATHER
109
41
82
97
49
60
42
49
26 |
6
Sole leather
...thous. of lb._
4,169
3,738
3,816
3,623
3,669
3,709
4,651
3,420
3,689 ! 3,097
Upper leather§
thous. of sq. ft..
Production:
1 5 349
865
1,032 I 1,222
1,066
1, 100
1,138
1,319
1,277
Calf and kip.
thous. of skins..
1,764
1,409
1,717
1,755
1,457 I 1,407
1,786
1,882
1,936
Cattle hides
thous. of hides..
2,755
2,371
2,336
2,525
2,675 I 2,394
2,634
3,245
3,185
Goat and kid
thous. of skins..
3, 226
2,010
2,716
2,822
2,184 | 2,308
2,899
2,899
2,872
Sheep and lamb.
do
Prices, wholesale:
Sole, oak, scoured backs (Boston)
.305 |
.315 I . 3 1 8
.320
.290
.324
.320
.318
.315
dol. per lb..
i
Upper, chrome, calf, B grade, composite.
.380
.378
.392
.385
.390
dol. per sq. ft__
.393
.377
.378
Btocks of cattle hides and leather, end of month:
13,244
13, 885
13,874
13,967
13,865
13,331
13,440
13, 602
13, 996
Total
thous. of equiv. hides..9,540
10, 223
10,014
9,666
10, 074
10,193
9, 665
9,868
10, 301
Tn process and finished
do
3,704
3,744
3,851
3,665
3,775
3,811
3,681
3, 695
3,734
Raw
do
LEATHER MANUFACTURES
Gloves and mittens:
116,492 145,710 150,480 181,791 173,882 183, 667 162,797 136, 759 119,257
Production (cut), total..
dozen pairs__
63, 953
92. 255 112, 736 106, 761 115,942 102, 725
85.185
63,177
74, 065
Dress and semi-dress
do
52, 539
60, 072
58, 225
69, 055
67,121
67, 725
60, 525
56,080
61,694
Work
do
Shoes:
304
136
164 I
191
200
138
116
108
113
Exports
thous. of pairs..
Prices, wholesale, factory:
5.75
5.75
5.75
5.75 I 5.75
5.75
5.75
5.75
5.75
5.75
Men's black calf blucher
dol. per pair..
4.75
4.75
4.75
4.75
4.75
4.75
4.75
4.75
4.75
4. 75
Men's black calf oxford
_
do
3.00
3.00
3.00
3.23
3.00
3.00
3.00
3.00
3.00 i
3.00
Women's colored calf
_
.do
Production:
Total boots, shoe", and slippers
30, 054
42, 252
38, 280
30, 742
35,012
30, 473
33,561
29,988
26, 897
thous. of pairs. _ 32,110
304
307
295
263
187
169
282
200
225
331
Athletic
.do
305
526
291
319
314
961
457
303
459
355
All fabric (satin, canvas, etc)
do
354
353
405 j
331
202
652
729
192
315
476
Part fabric and part leather
do
30,247 ! 31,987
22. 556
27, 064
24.
26, 540
22, 491
27, 799
30,149
High and low cut, total
do
?4.359
1,958
1,553
1,444
1,426
1,803
1, 221
1.361
1,638
1,414
Boys' and youths'
do
1.426
1,845
1,888
1,825
1, 576
1,818
1, 681
1,817
1,987
Infants'
.do
1,878
1.775
4,090
3,132
3.314
3, 859
3, 451
3,008
3,394
3,740
Misses' and children's.
do
3. 583
3, 399
10,007 ! 9.568
8, 691
7. 027
7.314
7, 683
8, 876
6,829
9, 250
Men's
do
8, 403
18,287
7, 295
13, 204
14,940
9. 128
14, 132
12, 661
11,738
Women's
do
11,451
9, 355
Slippers and moccasins for house wear
2,992
2,676
2.837 i
3.108 4,692 I
5.115 i 6,078
6,422
thous. of pairs..
1.695 I
4,297
809
941
092 j 384
'264
322 !
236
114
All other footwear..
.
170
348 i
46
4, 197 j 3, 585
3, 492
1,320
1, 943
3, 170
3, 230
r
1,329 i
1,955 I
3,023
3, 115
1,161
1,067
3.457
2. 774
.380
.390
13,375
9, 009
3, 676
r
53, 409
93 123
00 286
174, 937
103 739
71 198
5.75
4.75
3. 00
35, 457
237
530
778
31,400
1,302
1,1)40
3, 7il
8,045
15,801
530
13. C(,U 12,813
* 9.229 I 9,020
'3. 78n I 3, 793
148,420
81.850
60, 570
310
223
5.75 j
4.75 !
3.00 j
5. 75
4.75
3.00
42,375 I r 32. 578
700 !
591
r
832 '
041
37, 132 j" 27, 842
1,545 j ' 1,407
' 1,951
i"! 505 r 3, 122
r
7, 080
9,930
18,894 - 13.0R3
2,651 j
721
2, 464
T
Revised.
t Petroleum and products revised for 1937; see table 9, p. 15, of the March 1939 issue. Retail distribution of gasoline revised for 1937 and 1938; revisions not shown on p. 46
of the June 1939 Survey will appear in a subsequent issue.
§ Revised series. Data revised for 1937, see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
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
47
SURVEY OF CURRENT BUSINESS
July 1939
1939
May
1938
May
June
July
1939
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
LUMBER AND MANUFACTURES
L U M B E R - A L L TYPES
Exports (boards, planks, etc.)§-----M ft b. m.
74, 434
63,735
69,945
National Lumber Mfrs. Assn.:
Production, total
mil. ft. b. m.
1,550
1,696
208
211
Hardwoods
.
do...
1,342
1,485
Softwoods
do
1,684
1,531
Shipments, total
do___
230
222
Hardwoods
do...
1,454
1,308
Softwoods
do...
8,672
Stocks, gross, end of month, total
do.__
2,318
2,332
Hardwoods
do_._
6,354
6,316
Softwoods
do
Retail movement (yard):
Ninth Federal Reserve district:
9,553
11,747
Sales...
M ft. b. m.
0)
81,515
83,915
Stocks, end of month
do._.
0)
FLOORING
Maple, beech, and birch:
Orders:
5,050
7,000
New
.
M ft. b. m.
8,700
8,000
Unfilled, end of month
do._.
5,450
5,600
Production
do...
5,850
7,000
Shipments. __
_
do...
23,100 21,000
Stocks, end of month
do—.
Oak:
Orders:
32, 937 29,186
34,248
New...
___
do__.
41,137 33,364
37,379
Unfilled, end of month__
do
35,447 29,059
28,783
Production
__
_do—.
37,999
28,286
30,233
Shipments
do...
83, 635 85,340
83,890
Stocks, end of month....
do...
SOFTWOODS
Fir, Douplas:
Exports:
24, 377 21,860
15,497
Lumber!
M ft. b. m.
12,193 20,149
13,368
Timber
do
Prices, wholesale:
17. 640
No. 1, common boards.dol. per M ft. b. m_ 18. 620 17.640
Flooring, 1 x 4, " B " and better, V. G.
35. 280 36. 260 35. 893
dol. per M ft. b. m.
Southern pine:
Exports:
18, 572 21,777
20,513
Lumber§-.._
M ft. b. m.
6,168
5,083
7,215
Timber.
_
do
Orders:
584
608
497
Newf.
jnil. ft.b. m .
346
288
239
Unfilled, end of month
.do
Price, wholesale, flooring
40.30
40.63
39.67
dol. per M ft. b. m.
614
520
553
Productionf
__
mil. ft. b. m.
622
522
537
Shipmentsf
do
2,091
2,315
2,298
Stocks, end of month
do
Western pine:
Orders:
336
324
New.
do
Unfilled, end of month
do
187
189
Price, wholesale, Ponderosa pine, 1 x 8 , no. 2,
22.50
23.31
24.90
common (f. o. b.mills).dol. per M ft. b. m_
456
359
Productionf
mil. ft. b. m .
358
315
Shipmentsf
do
1,924
1,826
Stocks, end of monthf.
do
West Coast woods:1
Orders:
660
516
New
do
402
270
265
Unfilled, end of month
do.I-.
609
440
371
Production...
do
634
512
403
Shipments
do
955
935
Stocks, end of month
do
Redwood, California:
Orders:
22,874
New_..
M ft. b. m_. 26, 846 23,887
28,181
24,770
22,120
Unfilled, end of month
do
31,614
24,518
30,336
Production
do
27, 806 31,255
28,145
Shipments
do
299, 887 282,953 279,415
Stocks, end of month._
do
FURNITURE
All districts:
42.0
Plant operations
percent of normal41.0
Grand Rapids district:
Orders:
12.0
5.0
Canceled
percent of new orders..
12
11
New
_.no. of days' production..
16
16
Unfilled, end of month
do
43.0
41.0
Plant operations..
percent of normal..
10
Shipments..
no. of days' production..
10
Prices, wholesale:
77.6
82.1
Beds, wooden
_
1926=100..
82.1
102.3
Dining-room chairs, set of 8
do
102.3
102.3
88.1
Kitchen cabinets
do
87.6
87.6
87.2
Living-room davenports
.
do
87.2
Steel furniture (see Iron and Steel Section),
1
64,857
61,517
67,998
68,107
1,606
204
1,402
1,775
267
1,508
8,511
2,259
6,252
1,998
222
1,776
2,033
283
1,750
8,481
2,200
6,281
1,901
237
1,664
1,843
293
1,550
8,560
2,155
6,405
i,790
239
1,552
1,847
295
1,552
8, 506
2,099
6,407
11,568
80,797
13, 504
80, 238
12, 637
76,062
16, 282
69, 666
7,900
9,600
5,400
6,400
20,000
7,450
9,850
7,000
7, 250
19,950
5,400
8,800
6,300
5,950
20,350
7,000
10, 600
5,400
5, 200
21,000
6,200
11, 200
6,100
5,500
21, 600
6,500
13, 000
6,200
4,900
23, 350
7,450
14, 700
6,000
5,900
23,800
5,400
15, 200
5,580
4, 850
24,350
6, 550
14,000
5, 300
7, 400
22, 600
8, 100
14, 000
5, 600
7,200
21,000
58,516
59,906
30,762
35,989
78,663
36,943
55,338
42,468
41,511
79,620
26, 575
47, 416
39,035
34, 497
84,158
41,133
56, 393
36,188
32,156
88,190
30,891
55, 724
35,139
31, 560
91,769
26, 659
52, 697
31, 720
27, 686
94,181
36,868
60, 649
28,463
26,916
95, 228
26,910
56, 482
27, 640
27,308
94, 730
28, 144
51,675
29, 639
31,951
92, 445
26, 128
47,199
28, 565
30, 604
87,191
56,729 ! 79,697 I 58,817
1,675
246
1,429
1,789
311
1,478
8,442
2,058
1,505
233
1,271
1,593
263
1,330
8,373
2,069
6,304
1
17, 280
> 62, 948
60,351
60,581
62, 746
1,582
295
1,287
1,662
308
1,355
8,309
2,055
6,254
1,493
293
1,200
1,581
282
1,300
8,209
2,Jt61
6,148
1, 808
302
1,506
1,995
327
1,667
8,038
2,021
6,017
1,771
r 1266
1, 505
1, 828
307
1,521
7, 997
1,984
6, 013
0)
0)
0)
0)
(')
0)
1
18,211
8,636
13,448
2,222
15, 712
4,365
19, 284
5,322
13, 608
4,961
21, 083
9,015
18,625
5,929
20, 276
5,696
19,595 18,001
14,950 ! 11,485
17. 640
17.640
17.640
17.640
17.640 I 18. C
18.424
18.620
18. 620
18. 620
35. 770
36.260
36.260
35.770
35. 280
35. 280
35. 280
36.000
34. 300
35. 280
19,087
4,245
21,280
4,632
21, 282
4,197
16, 976
5,190
22, 652
4,012
15,283
4,326
13,787
4,709
18,608
6, 706
15,903
4,954
724
343
622
304
612
296
539
323
473
307
557
330
491
327
604
343
558
360
40.78
570
667
2,201
41.41
630
661
2,170
41.46
639
620
2,189
21, 933
4,527
710
364
41.22
578
642
2,125
42.09
530
580
2,075
41.01
489
2,094
40.76
540
534
2,100
39.86
495
494
2,101
40.30
579
588
2,092
39. 97
548
541
442
276
399
253
333
201
347
190
391
283
279
247
248
213
21.32
432
374
1,982
22.49
536
475
2,037
22.17
488
411
2,109
21.91
430
2,139
22.04
22. 92
305 I 238
335 ! 322
2,104 2,014
24.30
181
299
1, 896
25.24
153
267
1,782
524
381
354
413
895
537
334
578
584
905
411
282
466
463
920
444
264
471
471
935
446
413
1,021
426
383
434
431
1,024
26,978
25,116
26,665
23,333
282, 291
29,218
26, 599
34,229
27,885
287,243
23, 409
23, 322
34, 838
28,026
296,177
47.0
53.0
58.0
5.0
21
26
46.0
12
3.5
21
27
60.0
16
80.3
102.3
87.6
87.2
80.3
102.3
87.6
87.2
,oj
20 1
23
55.0
18
80.4
102.3
87.6
87.2
255
555
324
518
495
451
361
416
414
313 i
211 j
367
236
25. 13 i 24.81
233
349
316
339
1,699
1,709
602
373
563
612
982
513
376
482
509
970
25, 350 25, 939 22,134
34, 270 20, 875 32, 098 26, 387
25,111
24, 694 25, 310 34, 562 30, 647 32, 485 29, 676
30, 722 33,106
25,261
27, 284
27, 930
26, 272 28,585
24, 427 25, 028 19, 961 23,811
24, 243 30, 822 28, 096
299, 367 304, 859 313,047 309,310 307, 494 300, 378 298, 052
60.0
57.0
58.0
5.0 !
7.0
6.0 !
20 |
12
19 ;
20 I
13
18 i
60.0 i 61.0 I 62.0
16 |
15 I
13
!
80.4
79.3 i 77.6
102. 3
102.3 :' 102.3
87.6
87.6
87.6
87.2
87.2
87.2
56.0
4.0
19
21
58.0
12
i
!
!
;
|
5.0
14
19
53.0
13
5.0
14
16
53.0
15
.77.6 I 77.6
102.3 | 102.3
88.1 i 88.1
77.6
102.3
88. 1
(0 |
(0
I
6.0
10
13
42.0
12
r to*
77.6
102.3
88.1
I
Discontinued. Data as currently reported are comparable with the corresponding month of the preceding
year, but not with the precedingc month in the same year.
b
° Total for November and December; data not reported separately for the two months.
As of December 31.
No quotation.
iData for March, June, August, November 1938, March, and May 1939 are for 5 weeks; other months, 4 weeks.
tRevised series. Production, shipments, and new orders of southern pine lumber for 1937-38 and production, shipments and stock? of western pine, 1937-38, have been
adjusted to the 1937 Census of Manufactures; data for southern pine not shown on p. 87 of the February 1939 issue, and for western pine not shown on p. 47 of the March
1939 issue, will appear in a subsequent issue of the Survey. These revisions have not been carried into the totals shown on this page under the heading "Lumber—All Types."
Revisions for the latter series, embodying certain changes in addition to those occasioned by the adjustment of the southern pine and western pine figures, will be shown when
available.
IRflvised series. Data revised for 1937; see table 19, p. 14 of the April 1939 issue.
48
SURVEY OF CURRENT BUSINESS
VEonthly 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
1939
1938
May
May
June
July
1939
Novem- DecemAugust Septern- October
ber
ber
January
Febru-
3 6 2 , f',72
359,
227, S84
27. C64
3. 333
22 i wr-5
19,149
1,413
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic) total§
long tons..
Scrap
do
Imports, total§
do...
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton ..
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons-.
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
Lake Erie docks.
do
Imports, total§.
-do
Manganese ore, imports (manganese content)!
thous. of long tons--
532, (VI1
384,881
28,142
3, 971
540, 639 312,021
374, 320 162,066
20, 814 15,887
314
395
263, 699 242, 139
126,423 108, 029
14,728 20, 041
634
1,637
34n. 068
149, 673
27, 958
4,218
425,
223,
26,
5,
421
954
445
524
469, 596
273, 440
27, 627
4,749
490. 0! 5
323,691
28, 767
6,519
»)•;(>
174,
312. 262
394. I'U.S
210, 124
369
44.083
2,769
35. 80
38.50
38.41
36.32
36.50
36.48
36.48
36.39
36. 37
30. 36
2, 246
3, (iOL
23, 071
18,835
4,236
217
1,711
1,181
33,012
27,768
5,244
186
1,472
2,838
34,329
29,160
5,170
170
1,676
3,268
35,846
30,656
5,190
206
2,077
3,326
37, 050
31, 759
5,292
172
2,314
3,285
37,874
32,516
5,358
188
2,781
3,624
38, 594
33,i73
5,421
226
3, 150
1,481
37, 456
32,166
5,290
198
3.041
0
34, 579
29, 456
5,123
187
2 927
17
19
8
21
31
35
15
26
30
10
27, 702
30, 840
37.8
32,657
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, 7J7
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
35, 997
34, 786
39, 615
42. 9
47. 5
34., 698 I 39.807
60,515
107
34,385
70
41,400
77
51,370
89
57, 625
96
70, 690
115
75, 795
121
71,315
117
70, 235
118
74, 285
121
20.50
21.15
37, 225
72
23.50
24.15
22.50
23.59
19.50
20.15
19.50
20.15
19.75
20. 29
20.50
21.14
20.50
21.15
20. 50
21.15
20.50
21.15
20. 50
20. 50
21.15 | 21.15
20. 50
21.15
22.89
1,718
25.89
1,255
24.89
1,062
21.89
1,202
21.89
1,494
22. 14
1, 680
22.89
2,052
22.89
2,270
22.89
2.211
22.89
2,175
22. 89 I
2,060 |
22.89
2, 056
1,930
1,051
19, 084
1,224
1,297
19,707
2,478
1,400
20,758
2,135
2,015
20,677
2,227
2,287
20,619
2,391
4,078
18,925
3,561
4,803
17, 701
2,233
3,083
16,877
1.338
2, 182
16,114
1.573
1.642
15,986
1,807
1,376
16,491
2,198
1,113
17,579
1,916
1,203
18, 301
25, 336 22, 851
30, 852 34,108
119,841 108, 445
15,388
20, 027
104, 021
10,128
15,081
98, 831
12.881
12, 276
99,128
13.801
9, 246
104, 303
19.960
10. 406
114,878
15, 339
9,448
119.839
"'* "o
31,689
26, 646
5,043
180
2, 853 :
0
'••
3.317 ;
2. 800
0 i
57
28,840 | 25,872
22,791
23,912 ! 21.054 !
18,306
4,928 i 4,818 i 4,485
179 !
203 '
162
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
_.
..short tons..
Production
do
Percent of capacity
Shipments.
short tons..
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day..
Number
Prices, wholesale:
Basic (valley furnace)
dol. per long ton..
Composite
do
Foundry, No. 2, northern (Pitts.)
dol. per long ton..
Production
thous. of long tons-.
Cast-iron boilers and radiators:
Boilers, round:
Production
thous. of lb..
Shipments
do
Stocks, end of month
...do
Boilers, square:
Production
do
Shipments
.do
Stocks, end of month
__do
Radiators:
Convection type:
Sales, incl. heating elements, cabinets,
and grilles.thous. sq. ft. heating surface..
Ordinary type:
Production
_do
Shipments
do
Stocks, end of month
do—
Boilers, range, galvanized:
Orders:
New
number of boilers.
Unfilled, end of month, total
do
Production
do
Shipments
_
do
Stocks, end of month
do
Boiler and pipe fittings:
Cast iron:
Production.
_
short tons.
Shipments
...do
Malleable:
Production
.do
Shipments
do
16,429
11,744
124, 462
14, 681 20,367
13, 560 16,705
14,123
17, 841 17,804
12,798
124,291 125, 805 122,860 125,446
77,460 !
123 '
22. 89 !
2,395 !
340
29,183
31,640
38.8
33,666
60,160
102
556
619
604
656
703
606
614
608
498
442
305
4,276
4,207
34, 963
3,752
5,008
25,637
5,240
4,423
26,451
4,958
5,219
26, 216
6,023
5,214
27, 098
7,199
6,387
% , 003
6,907
7,679
27, 268
4,765
5,697
26,394
3,955
4,815
25, 624
4,896
3,814
28, 279
4,711
2,950
30, 800
5.593 !
2,887 !
33,612 j
4, 350
3,103
34,875
68, 191
20,638
67, 610
66, 995
32, 057
56, 976
15,205
60,497
60,872
29, 997
65,902
16,153
64,185
62,928
31,254
50,377
14, 279
51,900
52,251
30,903
57, 721
15,414
56, 595
56, 586
30, 912
68, 337
18,016
65, 622
65, 735
30, 799
70, 862
37,170
83, 716
80, 574
31,819
47,
20,
70,
64,
37,
61,003
15. 026
64, 094
66, 603
35,317
50, 876
12,604
56, 476
53. 298
38, 495
57,928 i
10,145 ;
60,421 ;
60,387
38.463 :
69,772
19, 442
53, 454
60,475
31, 442
0)
3,194
5,069
4,229
6,067
3,596
4,525
5,022
5,434
5.144
2,759
3,310
2,967
3,998
2,991
3,039
3,518
3,217
3, 094
(')
(0
(')
0)
0)
108,
46,
77,
79,
28,
427
882
563
561
677
882
626
232
426
625
476
0)
6,737
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
(1)
(')
38. 342
34.2
14,749
36. 130
32.3
11,282
42, 024
37.5
12, 606
38, 928
34.8
12,804
30. 3(>0
27. i
6, 848
36, 471
32. 6
10,060
3, 131
53
3,217
54
2, 982
54
3, 396
2. 987
42, 808
36, 287
3,385
0)
(0
Steel, Crude and Semimanufactured
Castings, steel:
36, 641 24,814
25. 565
Orders, new, total. _
short tons.. 41, 600 20, 636 21,419
37.2
19.1
32.7
22.2
22.8
18.4
Percent of capacity.
12,
621
4,907
16,589
4,411
5, 462
2,697
Railway specialties-._
..short tons.41, 359 22,127
24,111
22,988 36, 454 28. 478
Production, total
do
36.9
21.5
20.5
32 5
25.4
19.8
Percent of capacity..
..
4,479
6,111
12,983
8, 353
3,892
Railway specialties.
.short tons.. 12, 506
Ingots, steel: j
1,633
1,974
2,918
2,647
1,801
2,537
Production
thous. of long tcms..
44
47
27
41
35
30
Percent of capacity
Bars, steel, cold finished, carbon, shipments
28, 327 30, 903
18, 262 18, 234 18,166
short tons-Prices, wholesale:
. 0264 .0289
.0286
.0268
.0268
.0268
Composite, finished steel
dol. p e r l b .
Steel billets, rerolling (Pittsburgh)
34. 00
34. 00
36.25
34.00
34.00
37.00
dol.^per long ton..
.0221
.0210
.0210
. 0210
.0225
.0210
Structural steel (Pittsburgh)..*..dol. per lb_.
10.38
13.75
13.50
12.80
10.95
12.00
Steel scrap (Chicago)
dol. per gross ton..
U. S. Steel Corporation:
10, 026
- 9,692
Earnings, net
thous. of doL.
Shipments, finished steel products
559
723
442
478
578
465
thous. of long tons..
1
Discontinued by the reporting source.
§ Revised series. Data revised for 1937: see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
t Revised series. Steel ingots revised beginning January 1938; see p. 48 of the June 1939 issue.
25,418
22.7
4,127
28.109
25.1
5,986
3,106
52
30, 428
27.2
7,128
29,994
26.8
7,207
3, 558
60
11,'125 •
40, 2)9 :
3."). 9
10,173
34, 100
30.4
9. 655
35. 944
32.1
9.751
35,106
37, 673
36, 315
39, 648
38,571 ;
.0266
.0268
. 0268
. 0268
. 0268 \
.0208 '
. 0268
34.00
.0210
12.88
34.00
.0210
14.20
34.00
.0210
13.75
34. 00
.0210
13.85
34. 00 ;
34.00 •
. 0210 : .0210
14.06 I 14.25
34.00
. 0210
13. 38
19. 792
663
680
694
789
678
;
15,S81
i
70S
701
49
SURVEY OF CURRENT BUSINESS
July 1939
1939
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
May
1939
193S
May
July
June
August
Septem- October November
ber
Dt
be e r m "
January
February
March
351,203 | 277,719
F09, 252 ! 800,292
50.1
44.4
710, 228 799, 402
30, 498
29,610
April
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Steel, Manufactured Products
Barrels and drums, steel, heavy type:
Orders, unfilled, end of month
number..! 257,961
814, 29£
Production
_
_
do
51.1
Percent of capacity
Shipments
number.. 812,843
31, 867
Stocks, end of month.
_
do
Bailers, steel, new orders:
877
Area
..thous. of sq. ft._
Quantity
__ .number..
Furniture, steel:
Office furniture:
Orders:
1,780
New
thous. of doL.
1, 016
Unfilled, end of month
.do
1, 716
Shipments
.do
Shelving:
Orders:
507
New....
.do _ . .
387
Unfilled, end of month
do
447
Shipments
do
Plate, fabricated steel, new orders.•
Total
.short tons.. 34, 036
10, 976
Oil storage tanks..
do
Plumbing and heating equipment, wholesale
price (8 items)
dollars..
Porcelain enameled products, shipments f
thous. of doL.
Spring washers, shipments
do
Steel products, production for sale (quarterly): \
Merchant bars....
thous. of long tons..!
Pipe and tube
do '•
Plates
_
do
Rails
do....
Sheets, total.
do
,
Percent of capacity
__J
Strip:
i
Cold rolled
thous. of long tons..;
Hot rolled
do
I
Structural shapes, heavy
do
|
;
Tin p l a t e . . . .
do
Wire and wire products
do
\
0, 658
Track work, shipments
.short tons_.|
N O N F E R R O U S M E T A L S AND
PRODUCTS
399,085
696, 264
43.3
696, 738
23,118
448,176
696, 528
43.3
685,453
34, 089
361, 750
629,448
39.1
622.155
41, 287
378, 675
766,374
47.6
771, 283
35,756
445, 310
783, 592
48.7
759,188
60,160
374, 454
841, 653
52.3
865, 572
36, 241
248,376
788,040
49.0
799, 678
24, 603
519,375
830, 979
51.7
822, 746
32, 696
438, 746
749,070
47.5
746, 510
34,717
421,037
552,189
35.0
556,069
30, 586
734
7G0
547
691
894
783
1,063
579
1,124
717
1,125
635
947
892
1,012
1,131
1,264
817
1,290
974 i
1,293 j
1,689
1,128
1,591
1,554
1,202
1,480
1,538
1,063
1,677
1,630
1,026
1,667
1, 650
958
1,718
1,813 |
1,064 !
1,852 1,966
977
1,132
1,813
1, 782
1,140
1,775
305
321 i
292
227
353
321
302
247
368
292
378
411
386
317
318
362
342
205
357
368
253
318
388
292
349
25,141
11,425
20,044
5,813
27, 773
15, 382
22,069
3,646
18,551
3,623
21, 793
5,379
20,213 j 28, 218
3,629 | 5,950
20,511
4,081
22,903
227.10
226. 89
235. 42
235.03
234.01
233.88 I 233.97 | 233.97
233. 99
234.64 !
749
123
736
137
330 j
I
648 I
115 I
255 !
442 i
7,401 I
705
834
1,798 1,619
1,052 | 952
1,886 i
1,707
499
317
474
7, 723
399
327
389
35, 84 i
5, 429
231 S2
I
709
101
351
491
310
176
781
29.9
2, 959
1,707 I 1,982
I
335 I
315
617
660
626 '
84
675
186
645
177
434
564
384
116
1,131
43.1
j
!
'
i
65 I
166 i
338 !.
383 j
463 i..
3, 177 !
796
164 i
3,036
214
367
331
528
2,686
610
185
771
180
959
853
184
616
611
452
105
1,812 !
69. ()
160
384
2,608
2,514 j
617
2,S40
671
4,250 , 6.4S1
|
;
Metals
'
Aluminum:
'
40,309 j 38,288
35,397
33, 737
29,110 | 34,522 j 34,446
18. 855
36,204 | 26,795
41,060
33,660
Imports, bauxite§
long tons..j 51,027
Price, wholesale, scrap, castings (N. Y.)
.0713
.0713 i .0703
.0584 ! .0492
.0736
.0813
.0663
.0813
.0800 I .0750
dol. perlb__
.0688
Babbitt metal (white-base antifriction bearing i
metals):
!
1,380
, 606
1,725 !
1, 460
1,305
1,538
1,366
1,225
1,106
1,474
Consumption and shipments.total.thous. of lb_|
1,602
338
648
644
359
345
468
329
508
509
453
Consumed in own plants
do
425
1.042
881
776
1,030
1,021
1,080 ! 1,101
837
857
958
Shipments
.do
1,177
Copper:
!
Exports, refined and manufactures!
28, 162
31, 285
27, 364
23, 807
36, 984
40,741 j 25,503
33,102
42, 369
40, 441
40, 915
short tons
36, 303 29, 385
20, 651
16,154
19, 365
11,634
12, 976
13,192
22,132
18,551
19,818
22,166
15, 241
10,439
Imports, total §
do
19,040
19,728
15, 568
12, 402
10,509
18, 450
11, 673
9,408
21,731
18,076
12, 575
18, 634
19, 549
For smelting, refining, and export§...do
I 18,128
Product of Cuba and Philippine Islands
i
172
180
42
146
1,976 |
156
100
105
36
2,001
91
77
short tons. J
9
742
413
979
1,260
244
374
616
954
810
700
690
1,148
All other§
do....
903
Price, wholesale, electrolytic (N. Y.)
. 1027
.1103
. 1103
.0990
.1103
.0959
.0938
.1076
.1103
.0878
.1003
dol. per l b . . I .0983
Production:
|
Mine or smelter (incl. custom intake)
73. 205
72, 709
69,170
44,558
60,707
61,752 ' 62, 548
49,125
38, 200
31,155
49, 316
69,630
short tons.. 58,576
66,846
58, 368
68, 071
38,053
66,316
59, 452
47, 300
66, 7L8
32,465
35, 596
45, 808
56, 824
Refinery
_.
do
68,536
46, 667
64,657
62,832
47,804
51, 577
33,154
54, 827
43, 303
54, 597
67,919
82, 605
55, 025
Deliveries, refined, total.
do
58,630
42, 481
48,071
51, 397
48,267
28,044
38,977
32,863
41, 249
53, 637
69,827
51, 059
50, 803
Domestic
do
45,961
4,183
14, 761
3,310
5,110
13,260
10,440
13, 348
14, 282
12, 778
8,827
3,768
4,222
Export
do...
12,669
Stocks, refined, end of month.__
do
j 342,419 369,809 358,971 339,970 315,191 293, 080 267, 299 269,488 289, 755 301,244 309,119 320, 812 332,513
Lead:
Imports, total, except manufactures (lead con16,593
4,476
4,482 j
4,241 11, 998
4,034
1,692
4,443
13, 257
1,728
3,263
tent^
short tons..
10,961
Ore:
25,941
30, 614
27,605
31,748
25,269
34,716
35,885
31, 593
30, 726
27. 584
28,193
37, 654
Receipts, lead content of domestic ore.do
j
—
3,744
6,314
4,396
3,264
1,902
3,576
4,330
4,108
5,113
9,695
3,911 ! 6,052
Shipments, Joplin district*
do
! 3,679
Refined:
I
Price, wholesale, pig, desilverized (N. Y.)
.0490
. 0509
. 0482
.0478
.0415
.0488
.0500
.0481
.0440
.0510
. 0484
.0483
dol. per l b . J
-0475
35,958
37, 790
36, 704
33,992
23,723
24,994
36,391
31, 918
27,976
27, 968
30, 988
38, 299
Production from domestic ore. .short tons
43,026
42, 005
40.871 I 37,903
35, 048
39,026
34,421
25, 098
45, 726
33, 908
40,189
40,409
Shipments (reported)
do...
40,124
Stocks, end of month
do
j 129,270 164, 636 164, 554 155, 631 142,868 131, 353 117,476 115,134 115,902 117,214 122,112 122 035 123,394
Tin:
Consumption of primary tin in manufactures
3,930
4,100
5,190
4,160
4,060
4, 330
4,230
3,950
3,770
4,410
4,120
long tons__(
3,775
3,775
3,535
5,980
4,960
4,465
4,330
4,105
4,275
4,205
3,400
4,755
Deliveries.
_
do
i 5,905
4,448
3,583
4,880
4,643
3,814
5,097
3,628
3,971
5,208
4,561
3, 555
Imports, bars, blocks, etc
do
I 5,118
.4623
.4522
.4337
.4326
.4562
.4720
.3684
.4621
.4338
.4638
.4035
.4618
Price, wholesale, Straits (N. Y.)__dol. per l b . J
. 4902
Stocks, end of month:
30, 598
27, 909
32, 251
31, 539
29, 061
31, C97
32, 476
35, 245
33, 890
33, 873
30, 554
34, 240
World, visible supply
long tons..
30,866
5,232
5,060
4,500
3,679
5,806
3, 385
4,247
4,573
4,624
United States
do
I 3,387
4,071
5,486
5, 157
r
Revised.
1As reported by 21 manufacturers through December 1938; subsequently, 2 of these ceased operations. For 1937 and 1938, data are available from the reports of the Bureau
of the Census for 34 additional establishments, and, beginning January 1939, for 57 additional establishments.
•Data are for 46 identical manufacturers; beginning January 1938 data are available from the reports of the Bureau of the Census for 26 additional small establishments.
tData for July, October, and December 1938 and April 1939 are for 5 weeks; other months, 4 weeks.
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
i
50
SURVEY OF CURRENT BUSINESS
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.
1939
May
July 1939
1938
May
June
July
1939
October Navjn-
August
ber
January
February
March
April
METALS AND MANUFACTURES—Continued
NONFERROTJS METALS AND
PRGDUCTS-Continued
Metals—Continued
Zinc:
Ore, Joplin district:
Shipments}
..__
short tons..
Stocks, end of monthf
do
Price, wnolesale, prime, western (St. L.)
dol. per lb_.
Production, slab, at primary smelters
short tons..
Retorts in operation, end of mo
number..
Shipments, totaltshort tons..
Domestic
do
Stocks, refinery, end of mo
do-...
32, 126
7, 498
22, 923
23, 431
28,065
25, 292
38,014
13,149
39,014
18,745
31,894
14, 895
. 0150
.0404
.0413
.0475
.0475
.0485
42, 302
30, 331
39, 607
39, 607
133, 075
37, 510
31, 525
24, 628
24,628
148,120
30, 799
26,437
29, 248
29, 248
149, 671
30, 362
25, 596
33,825
33, 825
146. 208
32, 296
29, 767
36, 507
36, 507
141, 997
32, 328
31,555
43, 582
43, 582
130.743
2,782 ! 3,800
8,745 I 15,864
3,936
17, 466
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
__.._ short tons..
Orders, unfilled, end of mo
do
Plumbing fixtures, brass, shipments
tfaous, of pieces..
Radiators, convection type, sales:
Heating elements only, without cabinets or
grilles
thous. of sq. ft. heating surf..
Including heating elements, cabinets, and
grilles
thous. of sq. ft. heating surf..
8heets, brass, wholesale price, mill.dol. per lb_.
Wire cloth (brass, bronze, and alloy):
Orders, new
.....thous. of sq. ft..
Orders, unfilled, end of mo
do
Shipments
do
Stocks, end of month._.
...do
18,079
27, 430
.0501
34, 827
17, 299
. 0492
42, 237
12,251
. 0450
36, 740
32, 427
43, 355
43, 355
124 128
40, 343
36, 243
43, 693
43, 693
120, 778
45, 345
38, 793
39, 354
39, 354
126,769
4,487 | 5,159
16, 267 j 17, 019
4,759
13,740
4, 347
11,463
1,382 ! 1,446
1,359
1,218
27,452 I 33,220
12,301 ! 8,400
.0450 !
44, 277
39, 500
42.639
42. 639
128,407
' OS
9,294
.0450
. 0150
39,613
39,459
39, S2S
: 39, N2"5
i 128,192
43, oxo
3^,763
40* fil
40, 641
r>,3S0
|
!
|
4, 543
12, 688
1,323
52 !
309
.161
1,347 I 1,373
1,538
46
72
60
343
.156
417
.164
565
.168
495 j
.168 !
494
.173
378
363
657
322
611
470
712
407
590
538 i
712
439
511
497
822
385
505
3, 079
1,293
1,144
642
3,019
1,270
941
144
1,147
243
113
1,017
243
1,080
591
328 {
642 I
5,018 j
14, 237
345
645
65
4,926 !
9,240 |
4,662
8,161
11.571
4,657
14. 037
1,391
1,419
1. "0-~
1,330
37
110
109
26
47
570
.175
491
.174
410 I
.173 I
418
.173
497
360
752
392
450
505
868
388 i
478 I
352
805
404
504
419
780 j
458 !
446
546
.170
347
768
4° 7 !
'32 \
MACHINERY AND APPARATUS
Air-conditioning systems and equipment:
Orders, new:
Totalt
thous. of dol..
Air-conditioning group
do j
Fan-groupf
___
do
Unit-heater group
do
Electric overhead cranes:
I
Orders:
New
._.
.do
Unfilled, end of month
.do
Shipments
do
Exports, machinery. (See Foreign trade.)
Foundry equipment:
Orders:
New
1922-24 = 100...
Unfilled, end of month
..do
Shipments
do
Fuel equipment:
Oil burners:
Orders:
New
number..
Unfilled, end of month.-.
_do—.
Shipments
.
do
Stocks, end of month
do
Pulverizers, orders, new....
.do
Mechanical stokers, sales:
Classes 1, 2, and 3
do.-..
Classes 4 and 5:
Number..
Horsepower
Machine tools, orders, new
av. mo. shipments 1926=100..
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units..
Power pumps, horizontal t y p e . . .
.do
Water systems, incl. pumps
do
Pumps, measuring and dispensing, shipments:
Gasoline:
Hand-operated
units. _
Power
do
Oil, grease, and other:
Hand-operated
do
Power
do
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of dol..
Water-softening apparatus, domestic, shipments
...units..
Woodworking machinery:
Orders:
Canceled
thous. of dol__
New
-.—do.
Unfilled, end of month
do_...
Shipments:
Quantity..
..number of machines..
Value
.........thous. of dol
3,729
2,189
1,108
431
3,679
1,948
1,202
529
3,096
1,484
1,135
150
1, 929
256
289
1, 588
630
156
1,246
108. 9
173.1
144. 3
90.6
157. 5
91.3
62.2
140.2
78.5
75.3
108.6
105. 8
83.4
102.8
89.1
15. 284
5, 456
15. 009
20, 214
23
9, 025
2,979
8,732
26, 866
8
9,278
2,707
9,550
27, 366
13
11,121
3,139
10, 689
27,098
18
15, 622
3,388
15, 373
26, 638
18
5. 023
4,831
5,894
8,825
12, 555
215
49, 255
138
26,172
194
30, 662
236
42, 265
304
44,190
326
45, 030
219. 8
66.7
70.2
89.6
120.9
44, 216
731
20, 773
31, 832
989
18,099
34. 709
1,057
16, 228
32, 426
931
15, 240
43,533
908
17,196
852
11,771
632
11,822
484
9,077
663
9,198
11,834
3. 298
12,982
3,314
10, 257
2, 333
1,236
999
952
1,217
922
438
1, 755
216
510
3, 352
1,228
-•899
1, 225
2, 885
819
837
1,228
3,211
1,112
871
1,228
3,349
1,747
812
790
171
179
1,052
207
377
1, 171
108
168 I
201
1, 173 j 1,131
166 I
244
78.7
97.3
84.2
87.9
91.8
93.4
89.7
87.0
94.5
141.9
126.0
102.8
122.5
151.4
96.3
26. 403
3. 386
26, 405
23, 705
6
20, 346
2,673
21, 059
22, 556
| 20, 126
17,339
7,689
342
59,920
228
34, 533
117.4
118.1
112.2
35, 803
25, 556
997
13, 934
26, 572
893
12,803
24, 889
865
10,402
690 !
8,702 ;
632
7,752
858
8,412
649
7,652
10, 420
2,934
9,632 !
2,075 |
12, 246
1,729
14, 653
2,367
1,034
2,006
1,462 !
1,449
970
1,155
1,204
1,090
822
1,244
1,078
1,191
1,038
1,077
1,108
3
327
580
17
271
581
18
365
640
14
337
665
1
381
714
4
340
656
3
456
720
4
612
910
13
363
863
169
336
144
253
164
298
205 !
332 I
165
394
172
388
190
397
477
150
928
17, 205
8.435
II, 409
2,155
2, 564
8, 824
11,518
21,421 ! 21,326
19
12 |
4,752 i
9. 616
3, 033
8,738
21, 885
16
3,398 j
r i, 754
' 2,889
r 1, 446 r 2. S45
821
1.073
622 I
10,708 j 10.297 !
1,480 | 2,071
236 I
418 I
146.2
208.6
131.0
11,346
5.181
10, 640
21,619
7,981
3, 340
7,674
22.850
10
2,375
41, 191 ; 31,485
464
740
"• '
"'
14,738
14, 259
740 I
5,858 |
823
1. 504
312
135.5
175.1 ;
112.2
219
189
186
40,117 I 34,909 i 38,932
i
!
146.5 ! 150.8 ! 167.1
4, 499
2, 997
955
540
3. 427
34. Sll
1 S". 4
42. "93
732
164
32, 540
155. 6
38, 468
1,463
16, 889
1, 346
9. 637
1,005
6,156
11,982 ! 13.078
2,981 I 4. 305
13, 919
3,544
1, 282 !
1. 258
1,230
1,082
1. o9S
1,122
14
410
836 i
1
445
S96
393
923
216 ;
422
209
3S4
152
300
o Less than $500.
'Revised.
tRevised series. Data for "driving mechanisms for general fan use" have been removed from the fan group beginning January 1936. Revisions not shown on p. 50 of
the May 1939 issue will appear in a subsequent issue. Beginning January 1939, data on air conditioning systems and equipment are available for from 252 to 267 manufacturers;
figures shown here are for 125 of these whose orders in January 1939 amounted to more than 85 percent of the total for 252 manufacturers.
IData for Julv, October, and December 1938 and April 1939 are for 5 weeks; other months 4 weeks.
JData on zinc are for domestic slab zinc only. In the last several years, exports of domestic zinc (total shipments less domestic shipments) have been negligible, and
exports as reported in other sources have been restricted to the shipment of zinc smelted from foreign ores.
51
SURVEY OF CURRENT BUSINESS
July 1939
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
1939
1939
1938
May
August September
May
June
July
October
Novem- December
ber
January
February-
March
April
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT
Furnaces, electric, industrial, sales:
612
Unit
kilowatts
2 789
194
30
Value
__ __
. thous. of dol
Electrical goods, new orders (quarterly)
thous of dol
582
Laminated products, shipments..
_ do
849
Motors (1-200 hp.):
Billings (shipments):
A. 0
do
1,704
D. C
do
438
Orders, new:
1,710
A. C . ._
do
D. C
_
do
368
Power cable, paper insulated, shipments:
566
497
Unit..
thous. of ft
630
Value
thous. of dol_.
674
Power switching equipment, new orders:
Indoor
_„
. dollars.. 89, 809
93,838
Outdoor
do
346, 530 261, 799
1,825
Ranges, billed sales
thous. of dol
179, 189
^274,145
Refrigerators, household, sales..
_number..
Vacuum cleaners, shipments: f
Floor
__
do
91, 055 r 76, 322
Hand-type
do
23, 322 '23,220
Vulcanized fiber:
1,749
1,328
Consumption of fiber paper
thous. of l b . .
Sfaipmentsf
thous. of dol
458
287
988
74
488
35
1,914
144
829
58
1,324
78
1,176
67
2,356
110
3,147
195
1,235
98
4,081
215
1,934
161
157 315
587
521
635
158,959
800
838
851
160 374
876
838
812
197, 654
968
830
1,778
476
1,750
296
1,738
458
1,742
325
1,538
300
1,506
305
1,713
446
1,436
330
1,508
449
2. 050
557
1,986
534
1,927
549
1,539
453
1,695
358
1,733
472
1,641
347
1,605
651
1,733
659
1,574
540
1, 762
404
2,350
739
2,062
546
528
765
515
565
660
657
763
764
587
555
603
588
476
502
271
273
353
312
037
002
700
096
68,418
213,144
1,610
104, 796
195, 487
221,862
1,476
88, 772
118, 938
190, 306
1,367
92, 956
121, 481
120,784
1,272
62,148
55, 331
128, 450
1,257
34, 345
55, 627
124,927
1,047
32,103
91,720
138,840
1,006
47, 599
51,124
109,799
2,230
150,108
47, 458
223, 280
2,103
198, 528
68, 975
16,943
55, 022
13, 633
73, 309
17,248
79,180
22,834
95, 684
24,121
89, 772
29, 734
95, 521
30,632
78, 753
23,846
87.140
25,132
122, 785
29,470
100, 487
24, 539
1,152
286
1,073
306
1,450
350
1,189
380
1,495
372
1,565
422
1,385
383
1,410
458
1, 501
470
2,070
1, 575
466
75,161
87, 019
197,175 279, 093
1, 939
2,263
251, 644 r 260,204
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:*
Total, all grades
short tons
431,461 428,283 450, 541 503,181 495,097 525,085 522, 863 539,061 499, 076 484, 507 546,949 527,307
Chemical:
Sulphate...
do... 204, 220 173,986 175, 258 200, 282 216, 739 211,591 227, 063 214, 796 211,884 196,419 199, 931 228, 680 221,196
152,108 126,089 125, 313 125, 749 144,320 146, 614 151,056 151, 635 174,546 145,040 136, G67 156,107 148,801
Sulphite, total
do..
93,498
85,120 97,156
94, 398 75, 252 75, 240 73,113 86,403 88,885 91, 575 90,486 115,442 89,511
Bleached—
_
do..,
61,149 59,104 55, 529 51, 547 58,951
55, 303
Unbleached.
do...
57, 710 50,837 50,073 52, 636 67, 917 57, 729 59,481
27,425 26,630 25, 546 30, 617 31,118 31, 505 32, 575 31,996
32, 643 31,526 34, 705 32,946
Soda__
do..
111, 505 105, 774 115,461 123, 857 120,635 124,974 116, 383 127,457 124, 364
Groundwood—
do... 134, 350 103,961 101,082
Imports:
Chemical§
do__. 140,131 114,881 130,181 121,919 159,990 142, 407 142,188 166,091 171, 520 150, 510 103,504 117, 800 78, 534
7,312 17, 326
17,491
17, 366 20, 076
Groundwood§
do.».
9,867
18, 562
9,982 14,377 12, 544 14,957 20, 676 15,175
Production:
Total, all grades
do...
438,157 422,193 429, 551 485, 830 475,356 522, 825 533, 423 522,220 533,442 484,605 543, 411 521, 590
Chemical:
Sulphate
do__. 201,123 177,140 176, 254 200,930 217,004 212,664 231, 804 217, 896 212,884 207,259 200, 502 228, 632 212, 559
Sulphite; total
do... 161, 601 123,874 123, 389 115,733 138,457 139,022 154, 210 157, 724 152,498 158,913 132, 662 149,019 142, 401
88, 250
Bleached
. . d o . . . 103,464 78, 677 74, 350 69, 146 78, 826 82,373 94, 729 93, 782 95,845 100, 337 79, 698 92,729
56, 649 59, 481 63, 942 56, 653 58,576
58,137 45,197 49,039 46, 587 59,631
52, 904 56, 290 54,151
Unbleached,.
do...
26, 965 26, 695 24, 701 30, 718 30, 995 31, 625 32, 632 31,917 32, 255 31, 075 34, 561 32, 768
Soda
.
do...
Groundwood
_
do... 137, 677 110,178 95, 855 88.187 99, 651 92, 675 105,186 125,171 124,921 135,015 120, 366 131,199 133, 802
Stocks, end of month:
255, 874 249,784 228, 794 211,443 191,702 189,442 200, 002 183,161 217, 526 217, 624 214,085 ; 208.369
Total, all grades.....
do__.
Chemical:
36, 357 24, 905 25,901 26, 549 26, 814 27, 887 32,628 35, 728 36,728 47,568
48,139 48, 091
Sulphate
do._.
39,454
98,078 130,405 128, 481 118,465 112, 602 105, 010 108,164 114,253
92, 205 106,078 102. 073 94,985
Sulphite, total
do...
88, 585
01, 747 89.045 88,155 84.188 76, 611 70,099
62, 356 57,929
Bleached
do__.
73, 253 76, 549 56,952 67,778
52. 081
36, 331 41,360 40,326 34, 277 35,991 34,911
37, 704 35,253
Unbleached
do...
34,911
38, 300 39. 717 37,056
35, 904
4,851
4,750
4,728
5,530
5,595
4,905
3,986 ' 3. 842
Soda
do...
4,848
4,437
3, 004
79, 993 95,034 89,807 79,030 67,176 54,077 43,802 45,116
49,402 59,443
Groundwood
.
do...
63, 426 67,168
70. 006
2.29
2.07
2.20
1.95
2.63
2.38
2.00
2.00
Price, sulphite, unbleached
dol. per 100 lb_.
2.02
2.00
2.00
1.95
1.95
PAPEE
Total paper:
Paper, incl. newsprint and paperboard:
Production
short tons
743,921 806,949 790, 379 954,659 874,263 926, 616 957, 377 849/* 64 843,063
1,036,011 j 908,910
Paper, excl. newsprint and paperboard:
388, 466 441,468 443, 677 521,567 467,455 479,970 514, 201 437,128 436,048 11 467.997 541,779 433,011
Orders, new
short tons..
Production
do
389, 346 444, 607 420, 758 528,246 454,897 482,812 534,542 444, 728 442,405 458,414 534,500 I 458,533
Shipments
„
do
378,438 443,798 428,130 529,198 456,235 475,850 532, 175 441,194 446,265 •459,747 542,003 | 442,915
Book paper:f
Coated paper:
Orders, new
do
14, 467 16, 608 16,029
17,687
13, 355 13,013
16, 612 15, 769 16,961
17,911
19,553
10, 305
3,076
2,571
2,767
Orders, unfilled, end of month
do
3,160
2,194
3,410
2,714
3. 552
3,071
4, 000
3,238
2,559
836
Production
_
do
17,445
17,741
13, 766 13, 718 14, 730 16,
17,
057
17,796
17,096
16,
845
20,
028
17,754
r
r
r
••56.1
59. 3
66.4
Percent of potential capacity
'64.9
'50.4
'62.4
71.6
'62.6
63.3
71.7
08.0
50. 2
Shipments
short tons..
16,883
18,194
17. 042 19, 919
16, 730 17, 563 17,319
14, 264 12, 751 14, 526 16,138
17, 902
Stocks, end of month
do
13, 528 14,144
13, 691 14,018
12, 776 12, 070 12, 472 12, 581
11, 688 12, 655 12,830
12,433
Uncoated paper:
Orders, new.
do
88, 265 91,466 89,878
75, 323 72,837 80,101
87, 923 86,840 94,160
88, 218 102,810
92,712
Orders, unfilled, end of month
do
30, 976 30, 888 34, 573 34, 542 36,141 35,123
33, 730 34, 958 40, 314 36,931 38, 053 39, 252
Price, wholesale, " B " grade, English finish, white, f. o. b. mil!s._dol. per 100 l b . .
8.00
5.45
6.00
5.45
5.45
5.45
5.45
5.45
5.45
5.45
5.45
5.45
5.45
Production.
short tons..
79,152 75,038 74, 919 91,791
88, 518 92, 758 92,187 85, 779 89, 642 90, 589 102,788
90, 289
Percent of potential capacity
'64.0
'62.4
'60.7
'70.8 r '73.7
'74.3
'73.8
'68.7
72.5
81.1
79.9
77.7
Shipments
short tons._
76,574 73, 939 76, 558 89,862
86,076 91,667
90, 518 92, 345 89,321
89, 377 104,196
88,980
Stocks, end of month
do
106, 345 107,436 107,360 110,267 106,230 107, 281 109,975 109,604 107, 518 107, 602 106, 435 106,381
Fine paper:
Orders, new
do
32, 522 34, 268 48. 225 32,750 '34,511 '35,064 r 48,124
27,532 31,983 30,904 39,103
33, 630
Orders, unfilled, end of month
do
8,113
8,408
9,927 11,717
11,157
11, 587 16', 174 12,692 '11,864 ' 11,187 ' 14, 227
12,140
Production
_
do.
29,913 34,102 28,069 40,691
32,457 36, 551 45,149
37,813 ' 36,001 ' 36,680 ' 45,046
38, 495
28,728 32,935 29, 603 39,418 33, 565 34,677 46, 526 35,158 ' 35,803 ' 36, 902 ' 46, 511 37,019
Shipments
do_
r
Stocks, end of month
do.
72,449
73,272 71,383 72,813
71,169 73,166
71, 948 74, 378 65, 480 ' 65, 384 ' 63, 976 66, 592
c
' Revised.
Estimated.
• P u l p used in the producing mills and shipments to the market.
§Revised series. Data revised for 1937; see table 20, p. 15 of the April 1939 issue.
t Revised series. Data on vulcanized fibre shipments revised beginning 1934; revisions not shown on p. 51 of the January 1939 Survey will appear in a subsequent issue.
Revisions on vacuum cleaner shipments in 1938 not shown above are: Floor, January, 99,887; February, 81,334; March, 105,621; April, 89,636; Hand type, January, 24,873;
February, 25,370; March, 35,713; April, 31,289. Data on book paper revised for 1938. For revisions see p. 51 of the March and April 1939 issues with the exception of Production—Percent of potential capacity shown here. The percent of capacity figures are on a new basis, and are not comparable with those shown in the monthly issues of the
Survey through May 1939. The new series, beginning January 1938 expresses the relationship of production to "standard capacity," which is based on the largest production
of book paper in any 3 consecutive months during the past 5 years. Data for the full year 1938 appear on p. 51 of the June 1939 issue.
52
SURVEY OF CURRENT BUSINESS
1938
1939
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
July 1939
May
May
July
June
August
1939
NovemSeptemOctober
ber
ber
December
January
February
March
April
PAPER AND PRINTING—Continued
PAPER- Continued
Wrapping paper:
I
Orders, new
short tons-.i.
Orders, unfilled, end of mo
do
1.
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Exports
short tons..
Production
..do
Shipments from mills...
.do
Stocks, at mills, end of mo
do
United States:
Consumption by publishers
do
Imports§
do
Price, wholesale, rolls, contract, destination
(N. Y. basis)
dol. per short ton..
Production
short tons..
Shlpments from mills
do
Stocks, end of month:
At mills
do
At publishers!
do
Tn transit to x>ublishersj
do
Paperboard:
Consumption, waste paper
do
Orders, new
..do
Orders, unfilled, end of mo
-do
Production
do
Percent of capacit y
Stocks of waste pap^r, end of month:
At mills
short tons..
131,532
51,479
131, 683
129, 019
124, 856
175,729
64,100
164,305
164,498
126,094
209, 069
207, 678
193, 288
189,008
194,521 200, 837
201,694 ;202, 546
208,476 i 205, 490
182,226 !179,282
219,611
220, 303
204, 668
194,917
176,600
210,521
159,199 I 151, 875
172,525 •; 175,441
151,324 | 162,457
190,344 I 200,144
50.00
68,001
66,197
'162,193
191,380
70,610
67, 336
195, 253
i 154,273
!157, 102 ,'195, 822
!125.022 I 122,122
50.00
63, 278
69,718
50.00 i
65, 382
66, 204
50.00
67, 436
66,006
149,372
66, 278
152,063:
152,281|
122,107
159,243
66, 181
161,933
161.271
123,360
189,530
69, 322
191,105
189,695
124,683
142. 220 ! 148,562
68,956 ! 64,300
151, 076 I 151,374
149,033 149,088
126,551
248,068
254,872
255,100
196,283
245,813
245, 295
264,421
177,157
211,452
209, 753
225,472
161,438
163,622 r185, 895
71,599
Gl, 629
156,510 ' 193, 823
159, 334 -•195, 767
124, 835 "•121, 299
193,624
208, 382
201,852
167,968
152,437
200, 631
178, 236
190, 363
187,450 176,322
230,278 j 229,284
177,134 ! 160,916
209,782 I 183,050
144, 308
50.00
50.00
50.00
68,315 ! 72,827 I 78,390
74,336 j 72,203 ! 76,278
50.00 ! 50.00
7."), sr,,-) I 77,264
77,974 | 72,967
50.00
70, 868
71,926
195,586
231.940
230,346
196,511
!
I
!
I
217
220,
205
205
651
648
099
912
141,
56,
155,
148,
126,
760
741
172
112
483
16?, 352
220, 843
214, 255
212, 500
r\c\a
179,542
189,360 j 209, 597
1 7A
50.00
79, 929
81,616
50. 00
77, 393
29,819
342, 015
34,912
28, 997
324, 098
24, 624
22, 557
316,635
26,262
23,987
17,966 | 18,590
314,586 | 303,067 288,408
34,696 > 32.653
47,570
20, 702
291, 477
44, 628
18,583
284,661
30,677
210,117
281, 401
76, 701
286, 574
57.4
218,652
298,845
76, 693
296, 980
55. 0
221 218
322 948
93 ,637
306 ,343
r
>9. 7
264,418
361, 323
96, 635
358, 977
67.3
243, 924
327,168
89, 586
344, 445
66.3
221,768 233,311 i 247, 710
334,711
342,408 338,030
94,411 | 109,099 |112,801
329, 181 323, 394 338,803
67. 8
60. 1
11.2
77, 463
20,135
223,469
20, 065
32,580 |
37| 253
292,474 | 202, 918
429,545 I 347, 575
121,420
97, 340
421, 576 372, 984
73.4
60. 1
318,698 ! 312,684 ; 300,917 | 296,070 ' 284,239 | 275,746 ; 274,951 | 200,648 i 282,095 i 262.344
2 48, 595 ; 255,354
254, 024
367, 200
109, 288
351,051
68.5
267,193
370, 453
107, 235
370, 977
72.4
22,880 1 21,822
267,155 ! 251,041
36,872 \ 13, 449
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
Sp
reams.
Paperboard shipping boxes:
Shipment?,
total
mil. of sq.
p
,
q ft._
C
d
Corrugated
do
Solid
fiber
do
PRINTING
62, 530
2,041 |
1,891 j
150 !
58,896 ; 61,220
2,244
2,075
169
2,193 j
1.982 :
211
So, 267
71,085 j 82,091 : 79,007 . 72,029 j 62,309 j 81,867 ! 77,477
2,708
2, 466
243
2, f.SO
2.372
217
2, 639
2,430
209
787 :
80!)
635 j
720
152
80
89, 385 113,132
77
80
16, 995
15,522
1,196
1.074
122
116, 140
81
16,280
2,547 ! 2,239
2,385 : 2,081
163
2,222
2,075
146
2, 304
2, 145
159
2, 640
187
2.39^
2.218
177
|
j
835
Book publication, total
no. of editions.,_j
708
New books
do..
127
New editions
do_
Continuous form stationery
thous. of s e t s . . 116,935
Operations (productive activity)
1923=100
Sales books, new orders
thous. of books.-! 16, 498
829
686
143
78, 393
78
14,578
697
778 i
583
652 !
114
126 |
104,537 102, 344
81
87 !
16. 285
16, 220
900
790
110
119,903
84
16,256
1, 118
961
157
125,811
89
14,788
045
1,222
S76
659 :
1,043
803 j
fi91
602 !
142
!
179
185
57
111,211
107,557 128,508 ! 108,597
86
!
87
92
87
16,880 | 16,041
10,286
15,998
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, totalf
longtons.
For tires and tubes (quarterly)
do...
fmports, total, including latex§
do...
Price, smoked sheets (N. Y.)
dol. per lb_
Shipments, world
long tons.
Stocks, world, end of monthf
do.__
Afloat, total
do._.
For United States
do...
London and Liverpool
..do...
British Malaya
do...
United Statesf
do...
Reclaimed rubber:t
Consumption
...do...
Production
do...
Stocks, end of month..
do...
Scrap rubber:
Consumption by reclaimers (quar.)
do...
44, 37;
30,753
45, 784
28,108
. 166
.116
70, 000
68. 000
428, 079 568,158
95, 000
94, 000
54, 046
32, 859
66, 020
87,215
74, 308
86,036
103,651 300,907
13, 517
14, 769
22,771
r
r 8, 549
r 7, 420
21, 571
' 32. 540
58, 993
26,677 i 22,405
31, 674
.126 j
. 154
.166
71,000 ! 79,000 j 74. 000
573,136 ! 580,654 565, 394
92,000 I 105,000 101,000
32,079 ! 40,400
47, 772
92,312 j 95,252
,614
94.028 I 97,617
90, 939
294,796 j 282,785 273,841
8, 832
8, 196
19, 245
1R
r
' 40, 183
79,928
34, 325
35, 066
.161
.169
70, 000
75, 000
551,447 540,976
96, 000
99, 000
48, 927
51.062
98,140
3,272
89, 213
89,630
268,094 259,074
32,924
.163
,000
512,196
92,000
51,114
90,073
87, 531
242, 592
45, 496
. 163
75,000
460,723
102, 000
55, 081
72, 235
81,274
205, 214
36,857
.158
86,000
497, 665
105,000
48,210
80, 643
90, 142
221,
' 8 831
T 7 ? 682
lo' 418
cm
TIRES AND TUBES
Pneumatic easings:f
Production
thousands..
Shipments, total
do
Stocks, end of month.
do
Inner tubes :f
Production
do
Shipments, total
do
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
thous. of lb..
4, 418
4, 753
9, 919
2,663
3,291
9,521
3, 036 j 3,287 I
3,929 I 3,870 !
8,470 I 8,041 I
3,848
4,154
8,840
2,325
2,974
9,265
2,797 !
3,730 i
8,337 i
2, 936
3, 519
7, 723
4,038
3,991
8,217
4, 026
3. 744
8, 029
37, 064
3 832
3 980
7 859
49,441
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
thous. of pairs._
do
do
5,033
4, 017
19, 055
3,811
3,648
20, 563
3,970
3,742
20,791
2,719
4,041
19,469
4,254
5,803
17,897
4,709 ! 5,067
6.360 ' 4,991
16,246
16, 321
5,513 j 5,523
6,139 ! 5,035
15, 695 i 16, 183
4, 807
4 778
16 157
953
4 629
16 582
5,897 j
5,214
17,281
5, 216
4,414
18, 083
••Revised.
§Revised series. Data revised for 1937; see table 20, p . 15 of the April 1939 issue
tRevised series. D a t a for pneumatic casings and inner tubes revised for years 1936, 1937, and 1938; see tables 27 and 28 p p . 16-18 of the M a y 1939 issue. Stocks of newsprint, at publishers, and in transit to publishers, revised for 1937 and 1938. Revisions not shown on p . 52 of the April 1939 Survey will appear in a subsequent issue. Crude
rubber consumption total, and reclaimed rubber revised for 1938. Revisions not shown above are as follows: Crude rubber consumption, January 31,265; February 25,357;
March 32,389; and April 29,730; reclaimed rubber consumption, January 7,123; February 7,726; March 9,042, and April 7,984; reclaimed rubber production, January 8,069;
February 6,497; March 7,430, and April 7,129; reclaimed rubber, stocks/January 32,115; February 30,372; March 28,120; and April 23.682.
53
SURVEY OF CURRENT BUSINESS
July 1939
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
1939
1939
1938
May
June
July
August
s
m
* P £ ' October
N
m
<™ - ^eas
Janu-
Febru-
ary
ary
March
April
0)
9, 674
45. 7
9, 654
23,
837
r
6, o!)8
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Price, wholesale, composite
Production
_
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
dol. per bbL
thous. of bbl.
thous. of bbL
..do...
do-_.
11,126
50.9
12, 688
22, 275
5, 723
1.667
10, 361
47.4
9,752
22,875
6,326
1.667
10, 535
49.8
10,943
22,467
6,218
1.667
10,968
50.2
10,164
23, 286
6,089
1.667
11, 007
50.4
11, 823
22, 534
5,902
1.667
10, 559
49.9
11,716
21, 374
5,506
1.667
11, 556
52.9
12,357
20, 569
4,927
1.667
10,184
48.2
8,573
22,179
4,963
1.667
8,066
36.9
6,281
23,954
5,282
1.667
5.301
24.3
5,640
23,611
5,563
1.667
5, 506
27.9
5,043
24, 092
5,986
(0
8,171
37.4
8, 467
23, 786
6,447
762
792
377
710
668
250
784
240
751
243
1,063
1,015
200
862
841
215
1,119
1,130
193
1,189
1,070
195
953
891
219
831
795
255
728
073
321
806
720
350
0)
CLAY PRODUCTS
Bathroom accessories:
Production
thous. of piecesShipments
do...
Stocks, end of month
do.-.
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thousShipments
thous. of brick.
Stocks, end of month
do...
Face brick:
Shipments
do...
Stocks, end of month
do...
Vitrified paving brick:
Shipments
. do. _ Stocks, end of month
do._.
Hollow building tile:
Shipments
short tons.
Stocks, end of month.
..do...
12. 287
583
552
374
12. 341 r 12.322
12.327
95, 920 Kin, oso 178.618
455, 859 "397, 838 373,924
12. 007
130,728
428,843
11.927
145, 476
431,900
11.972
129, 338
430,168
11.902
148,809
428, 780
11.925
11.895
142,900 166,471
454, 393 482,830
12.039
151,568
482,032
12.046
12.360
133,184 101,056
478, 260 476,359
49,155
277,009
50,069
271, 477
46,512
271, 488
51,915
267, 844
47,828
268, 583
52, 402
267,016
45, 701
272,200
37,307
283,017
7,900
54,274
9,079
56,849
11,418
55, 689
10, 778
55, 423
8,046
54,396
9,591
52,999
7, 206
51, 323
7,191
48,127
62, 296
333,979
64, 631
344, 368
55, 489
350, 782
62,186
349,271
62,410
345, 089 333,782
54,762
335, 707
3,837
66.8
3,902
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
55.8
3,473
8,179
3,389
55. 7
3,323
8,192
4,129
61.4
3,933
8,318
391
160
129
103
383
167
115
102
5,956
357
154
130
72
5,506
421
200
141
80
7,676
507
266
148
93
8,873
551
285
153
113
12,869
532
288
133
111
12, 883
443
227
125
91
12,691
443
217
130
97
12,209
357
185
107
65
10,165
396
201
116
79
11,867
360
22.2
344
21.3
330
20.3
434
26.7
522
32.1
641
39.5
883
54.4
1,003
61.7
943
58.1
34,499 28, 785 | r 57, 624
292, 565 300,546 /290,90c 276, 598
4,276
48,763
46, 815 50,024
347,147 342,408
3.612
3,994
2,007
45, 761
48, 585 47,336
43, 643 r 72, 546 81,161
348, 792 340, 348 326, 655
GLASS PRODUCTS
Glass containers:
Production...
thous. of gross..
Percent of capacity
Shipments,.
thous. of gross.
Stocks, end of month.
..do
Illuminating glassware:
Shipments, total
thous. of dol.
Residential..
.do...
Commercial
do...
Miscellaneous
do...
Plate glass, polished, production.thous. of sq. ft.
Window glass:
Production
thous. of boxesPercent of capacity...
4,516
69.7
4, 485
8,293
()
8,036
729
44.8
912
56.1
4, 071
65.4
3,978
8,336
740
45.6
GYPSUM AND PRODUCTS
Crude:
Imports
short tons.
Production..
_
_
..do...
Calcined production..
..do...
Oypsum products sold or used:
Uncaleined
do—
Calcined:
Lath
thous. of sq. ft.
Wallboard
do...
Keene's cement
short tons.
All building plasters
do
For manufacturing uses....
do
Tile
thous. of sq. ft..
222, 282
727, 777
588, 78b
313,120
806,957
650,804
212, 716
228,375
192,931
139, 248
200,444
100. 704
5,126
390, 059
25, 246
5, 704
251,764
89,994
6,591
432,779
34, 523
4,991
214,151
89,678
4,
333,730
36,517
4,885
207, 418
95, 981
247,673
683,127
534,415
40, 423
541,183
533,440
331, 702
26, 233
5, 228
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
_
do
Stocks, end of month
_
_do
11, 796
10, 891
23, 490
10,038
10,096
19, 995
10, 368
9,660
20, 827
8,848
8. 538
21, 289
11,304
11,712
21,033
11,146
12,440
19,891
11,848
11,957
19,933
11,731
11,973
19, 843
COTTON
Consumption
bales.. 605. 353 426,149 443,043 448,453 561, 406 534, 037 542, 778 596, 289
Exports (excluding linters)§
thous. of bales..
193
196
143
176
201
465
389
481
20
Imports (excluding linters)§
do
25
14
18
15
11
11
14
Prices:
Received by farmers
dol. per lb_.
.084
.080
.084
. 085
.081
.085
.082
.085
Wholesale, middling (New York)
do
.084
.084
. 096
.084
.086
.089
.081
.091
Production:
Ginnings, (running bales)•___thous. of bales..
1,336
6,577 10,125 11,231
Crop estimate, equivalent 5U0-lb. bales..do
Receipts into sight
do
255
213
266
211
2,953 ~ 1,712
674
2,500
3tocks, end of month:
Domestic total.._
_
do
11,138
10, 908 10, 878 14,121
13,545
11.633
16, 820 17, 292
Mills..
_
do—
1,412
1,581
1,263
1,175
1,053
1,507
1,107
1,714
Warehouses
do
9,726
10,052
9,646
12.370
9,826
13,013
15, 313 15, 578
8,142
World visible supply, total
do
8,490
7,893
7,456
7,643
9,802
8,726
9,757
5,772
6,071
American cotton
do
5,491
5,030
5,479
6,686
7,750
7,790
' Revised.
° Total crop.
•Total ginnings to end of month indicated.
§Rcvised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
1
Discontinued by compilers; data on an index basis appear on p. 20.
2
Discontinued by the reporting source.
10,863
10,641
20,217
11,024
10,577
22, 584
SURVEY OF CURRENT BUSINESS
54
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Mai1938 Supplement to the Survey
Julv 1939
1938
Jane
July
8e
August
1939
P £ m - j October
No v e m
b e r -
De c e m
b e r "
January
February
March | April
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:
Exports§
thous. of sq. yd...
Imports!
do—
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd..
Sheeting, brown, 4 x 4
do
Finished cotton cloth: J
Production:
Bleached, plain
...thous. of yd_.
Dyed, colors
do
Dyed, black
do....
Printed.,
do
Spindle activity:
Active spindles
thousands..
Active spindle hrs., total
mil. of hrs..
Average per spindle in place
_._hours..
Operations!
—_pct. of capacity..
Cotton yarn:
Prices, wholesale:
22/1, cones (Boston)..
dol. per lb._
40/8, southern, spinning
.
....do—
23,223
5,581
.042
.049
21,975
7, 575
295
81.4
.228
.335
20,444
4,503
20,097
4,301
.043
.051
.047
.055
044
054
109,748
79,044
3,833
82, 876
102,327 I 110,568
68,513 i 74,656
3, 434
5,022
78, 538
80, 588
130, 498
88,362
6,741
96, 417
21, 342
5,459
206
59.4
21,142 ! 21,915
5,668 | 5,925
214
225
60.8 I 70.2
22,153
7,375
280
76.2
24,713
4,092
.045
.053
.225
!
21,154
6,089 j
!
.219 i
.348 !
.230 ;
,338 j
24, 493
4,981
26, 781
5, 818
25, 978
4,912
.043
.053
.045
.054
.045
.054
28, 271
6,188
.043
.051
20,468
8,534
.043
.050
128,642 134,929 134, 661 141, 266 127,165
88, 619 I 95, 372 100, 200 102, 504 91,115
6,369
4,780
5,877 | 6,379
6, 617
89,396 102,278 109,136 118, 926 107, 960
I
22,189 i 22,114 j 22, 449
22,445
22,440
6,613 i 7, 118 I 7, 575
7,187 i 7,641
252 !
273 I
277
|
295
291
76.1 i 81.9
82.3 ! 85.7
83.6
!
!
|
I
.223 |
.335 I
.223
335
.240
.341
.230
.337
.225 j
.338
27, 394
9,210
32,804 | 29. 273
10,108 ! 6, 566
.042
.050 i
.043 i
.050
.042
. 049
126 641 144,021 127, 858
93 483 109,652 97, 270
4,962
5 130
6, 633
106, 396 127,815 109, 250
22, 525
7,171
277
87.8
.220
.335
.224
.335
735
3, 395
! 22, 472 ; 22, 109
! 8, 230 ; 6. 893
|
319 268
! 86.6 :
84.1
. 225
.335
. 335
BATON AND SILK
Rayon:
Deliveries, unadjusted!
Imports!
Pries, wholesale, 150 denier,
(N. Y.)
Stocks, end of mo.*
Silk:
Deliveries (consumption)
Imports, raw
Price, wholesale, raw, Japanese,
Stocks, end of month:
Total visible supply
United States (warehouses)
445
1, 435
1923-25=100..
thous. of lb_.
first quality
dol. per lb_.
mil. of lb..
669
3,322
..bales..
thous. of lb..
13-15 (N. Y.)
dol. per lb..
26,150
3, 592
2. 689
1.600
bales..
do—
61, 601
24, 201
135, 616
37,016
.52
67.8
28,687
3,433
477
1,633 |
.49 I
67.0
31,492 |
5,271
1. 609 |
133,157
44,457
877
2,074
929
4, 409
910 !
3, 145
704 |
3,147 |
595
2,031
.51
41.1
.51
34.6
.51
36.1
.51
40.0
691 |
745
1,781
2,877
.51
.51
39.5 | 39.4
32, 593
4,073
38, 504
4,975
38, 844
5, 524
35,631 | 41,599
5,417 j 6,437
35,204 I 40,816
5,542 | 5,039
1.834
1.729
1.75'
.49 :
53.6 !
138,105 ! 135,347 i 142,511
42,305 \ 39,747 | 40,711
1.854
1.801
151,311 ; 150.718
43,811 ! 46,218
1.809 j
f>70
3, 955
.51 !
39.5 i
. 51
r 43.4
33,219 I 37.863 I 27. 802
3,040 j 3, 555 ! 3,943
1.900
149,778 I 124,354
53,278 ' 48,554
664
3, 457
2.218 | 2.398
98, 078
38,178
86,810 I 77, 238
23,116 ! 20, 738
WOOL
Imports (unmanufactured)§
thous. of lb..
Consumption (scoured basis): ^
Apparel class
do—
Carpet class
—do—
Operations, machinery activity (weekly average): 1
Looms:
Woolen and worsted:
Broad
thous. of active hours..
Narrow
do—
Carpet and rug
do—
Spinning spindles:
Woolen.
do—
Worsted
do....
Worsted combs
do—
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb_.
Raw, Ohio and Penn.
fleeces
do....
Suiting, unfinished worsted, 13 oz. (at factory)
dol. per yd..
Women's dress goods, French serge, 54" (at
mill)
dol. per yd..
Worsted yarn, 32's, crossbred stock (Boston)
dol. per lb_.
Receipts at Boston, total
thous. of lb_.
Domestic
do—
Foreign..
_
do—
Stocks, scoured basis, end of quarter, total
thous. of lb..
Woolen wools, total
.,
do—
Domestic
do—
Foreign
do—
Worsted wools, total..
_.
.do—
Domestic
do—
Foreign..
do—
MISCELLANEOUS PRODUCTS
20, 542
4,029
5, 847 !
7,104 !
9, 727
20, 244
5,852
12,944
3,036
15,467
3,313 j
22,746 I
4,996 !
23,136
6,025
1,573
69
175
876
64
94
63,248
79,174
117
39,901
45, 718
84
.69
.30
.68
.26
1.683
1.535
1.015
1.040
1.13
31, 461
25, 641
5,820
1.05
40,900
40,198
702
1,099
54
95 !
1,174 ! 1,499
80
58 I
106 !
143
48.020 ! 57,438
55,134 ! 55, 663
101
119
.65
.26
1. 535 |
74, 710
69, 644
145
.29
1.635
1.535
1.040 ! 1.040
i
1.01
1.03
44,989
65,322
44,181
64, 582
740
1.040
1.05
44, 506
42,069
2,437
139, 260
46, 509
37,830
12, 281
15,373 ! 16,302
19.619 J 24,619
23,512
6,386 j 8,660 7,716
,339 ! 1,335
77 I
86
164
167
.70 I
.29 1
1.535 j
.71
.31
1,759
81
177
1,924
79
186
1.535 I
.74
.32
.73
.31
1.624
1.634
1.040 | 1.040 I
1.05 ! 1.06 | 1.12
16,047 i 22,222 24, 341
10,021
18,487
21,239
6, 026
3, 735
3,103
147, 597
48, 276
40, 224
8,052
99, 321
84, 383
14, 938
92, 751
79, 520
13, 231
25, 941
9,784
66,022 | 66,840
71,110
73,277
62,851
70,205
85,954
97,019
117
120
146 I 149
1.015 I
1.11
13, 678
9,009
4,670
17,274 | 25,441 j 16.. 826
22,449 I 21,110 ! 19. 567
8,776
9,856 j 8,159
1, 338
1,942 ; 1.580
75 i
78 i
198
213
I
209
73,480
73,130 i 60,041 ! 55,704
87,770 | 82, 226 77,747 ; 67,013
137
124 |
129
95
.73
.73 !
. 69
.72 I
.32
.31
. 28
.30
1.634
1.646
1. 683
1. 683
1.015 1.015
1.015
1.015
1.13
13,608
5,939
7,669
1.13
17,173
10,241
6,932
1.10
15, 539
5,374
10,164
1.13
11,820
6,660
5,160
115,655
46, 686
37,065
9,621
68,969
52, 517
16, 452
j
Buttons, fresh-water pearl:
j
Production
...pet. of capacity..!
25. 2
Stocks, end of month
thous. of gross..] 6,379
Fur, sales by dealers
thous. of dol.. v 1,877
Pyroxylin-coated textiles (artificial leather) :f
Orders, unfilled, end of mo..thous. linear yd._ 1,887
Pyroxylin spread
thous. of 11> 1 4,727
Shipments, billed
thous. linear yd | 4,759
1,529
89
171
18,162 | 21,938
29,688
9,501
94,309 !_.
38,830 '
29,357 j
9,473 :
55,479 I
33,443 i
22.036 i
I
24.7
7,123
2,316
22.4 i 32.2
27.0
7,073 i 6,853!
6, 910
3,314 ! 4,838 \ 4,631
1,564 1,711
4,129
3. 341
4,087 I 3,404
1,835
1,890
3,882 ! 4, 849
3,785 ; 4,429
41.3
7,037
1, 465
37.8 ! 36.3 I
30.4 230
7,155 | 7,229 I 7,188
6,480
1,515 i 1,242 I '1,428 ' 2, 047
2. 196
4. 998
4,389
1, 908
4, 922
4,516
1,917
4,289
4,168
2,145
4,692
4,551
39.2
8, 507
* 2, 538
39.2
6, 607
' 3, 044
2,451
2,223 I 2,188 : 2,252
5,270 i 5.079 ! 5,402 ! 4,643
4,785 I 5', 119 I 5,505 ! 4,576
I
r
34. 6
6, 641
' 1, 874
i
Revised.
» Preliminary.
*New series; data on rayon yarn stocks, poundage basis, have been substituted for the series formerly shown, which was on basis of number of months' supply. Figures
beginning January 1930 not shown on p, 94 of the February 1939 issue will appear in a subsequent issue of the Survey.
t Revised data. Cotton spindle activity revised beginning August 1933; see table 18, p. 18, of the March 1939 issue. Data on rayon deliveries revised beginning January
1936; revisions not given on p. 94 of the February 1939 Survey will appear in a subsequent issue. Data on pyroxylin-coated textiles revised beginning January 1938 to include
figures for 2 small establishments cot previously reporting and to exclude those of one establishment not currently reporting; data for the full year 1938 appear on p. 54 of the
April 1939 issue.
I As explained in the 1933 Supplement, these data have been raised to industry totals. In January 1939 the compilers of the underlying data made available revised annual
estimates of total yardage finished, 1934-38, but as the revisions in most instances were small, the adjustments have not been carried through to the monthly figures shown
here.
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
fData for July, October ,and December 1938, and January and April 1939 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
Julv 1939
Monthly statistic* 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
1939
oo
1939
1938
May
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
76,390
40,694
35, 281
415
134,150
70, 776
40,374
35, 975
427
124,021
113,847
64,350
48,915
582
153,007
114,096
60, 004
48,014
618
150, 433
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licenser!)
Military (deliveries)i
For export
__
number.
_do___
—..do...
do...
326
134
99
296
139
85
72
345
HO
81
74
5,253
3,588
6,795
4,433
4,760
3,376
3,912
2,558
19,579
12,127
7,452
16,805
9,564
7,041
16,443
9,222
7,221
11,142
5,347
6,795
88,906
46,617
41,699
590
82, 781
86,930
44,388
42,014
528
71, 323
77,039
39,160
37,386
493
58,951
80, 847
40. 347
39,927
572
40,037
62, 561
29,174
32,948
439
26,769
62, 385
30, 344
31,613
428
61, 359
86,047
51,266
34, 260
621*1
126,650 !
73
30,077
70
30,991
77
29,122
54
32, 321
57
32,124
62
30,816
44
!8, 509
18,115
9,007
14, 732
13,841
5,273
11,014
192, 059 174,670 141,443
154,958 136, 531 106,841
34,602
37,101
38,139
706
410
527
6,452
3,063
90,494
58, 624
31,870
468
6,089
4,290
83,534
65,159
18, 375
819
5,774
5,412
209,512
187, 494
22,018
1,312
17,992
15,423
372,413
320, 344
52, 069
1,723
18,670
15,518
388,346
326, 006
62,340
1,818
14, 794
11,404
339,152
280,033
59,119
1,714
14,300
10,914
297,841
239, 080
57, 861
1, 443
17, 549
12, 6S9
371,940
299.703
72; 237
1,730
178,052
32,937
156,384 148, 896
30, 649 33, 476
127,954
34, 231
93,269
26,570
119,053
19, 589
200,853
23,943
226, 973
31,474
203, 212
37,715
161,942
33, 279
r
92, 593
104,115
71,876
76,071
101,908
72, 596
78,758
90,030
61,826
64, 925
55, 431
34, 752
40, 796
36, 335
16,469
68,896
123,835
92,890
131,387
200, 256
159,573
118,888
187,909
150,005
88,865
152, 746
116,964
83, 251
153,886
115,890
142. 002
182, 652
142,743
132,612
158, 969
126,275
387 j
181 I
103 I
103
AUTOMOBILES
Exports:
Canada:
5,480
Assembled, total
._number..
4,075
Passenger c a r s . . . .
do
United States:
25, 220
Assembled, total§
„._.. do
14, 430
Passenger cars§
_
..do
10, 790
Trucks §_
- - . - _-_do
Financing:
Retail purchasers, total.
thous. of dol_.
New cars
do
Used cars__.__
do
Unclassified
_
...do....
Wholesale (mfrs. to dealers)
do
Fire-extinguishing equipment, shipments:
Motor-vehicle apparatus
number..
Hand-type
do
Production:
Automobiles:
Canada, total
do
Passenger cars
do
United States ^factory sales), t o t a l . . . d o . . . .
Passenger cars.—do_.._
Trucks.........
_..._.do
Automobile rlras..
thous. of rims__
Registrations:
New passpriger car?
„
...number..
New commercial cars
do
Sales (General Motors Corporation):
129, 053
To consumers in U. 8
do
145,786
To dealers, total
do
112,868
To U. S. dealers
...do
Accessories and parts, shipments:
128
Combined index..
Jan. 1925-100..
Original equipment to vehicle manufac120
turers.
. . . J a n . 1925=100.
115
Accessories to wholesalers
.do...
154
Service parts to wholesalers
do. _
108
Service equipment to wholesalers d o . . .
93, 452
54,933
37, 955
564
158,289
44
30,649
83
35,331
r
65
34, 790
10,891
12,791
337, 372
273,409
63, 903
1, 348
248. 038 *265, 345
45, 083 a 45, 201
84
75
79
104
133
136
138
148
139
147
136
82
102
108
101
74
99
119
90
60
100
125
89
68
104
143
98
91
136
161
91
129
133
167
150
126
142
157
129
121
83
160
131
129
91
140
140
129
95
153
142
141
105
129
132
150
105
1,657
()
1,711
169, 002
1,708
1,705
1,701
0)
(0
0)
1,686
1,672
(0
1,690
166,707
1,682
0)
1,691
1, 668
1, 664
1, 662
231
14.2
9,261
226
13.4
4,484
241
14.3
10,234
238
14.2
8,892
233
13.9
4,335
0)
0)
0)
0)
231
13.8
7,459
(l)
235
14.1
5,153
225
13.7
6,637
225
13.7
6,788
(')
214
13.0
6, 502
221
13.5
6,391
0)
229
13.6
5,071
1,541
3,530
0)
0)
2,155
43,124
0)
0)
RAILWAY EQUIPMENT
(Association of American
Railroads)
Freight cars owned and on order, end of mo.:
Owned:
Capacity...
_mil. of Ib._
Number
thousands..
Undergoing or awaiting classified repairs
thousands..
Percent of total on line
Orders, unfilled
...cars..
Equipment manufacturers
do
In railroad shops
_
...do
Locomotives owned and on order, end of mo.:
Owned:
Tractive effort
mil. of Ib_.
Number
_._.
Undergoing or awaiting classified repairs
number..
Percent of totai on line
Orders, unfilled. _
number..
Equipment manufacturers
do
In railroad shops
...do
0)
8,640
20.6
63
0)
0)
7, 719
17.9
56
0)
7,875
18.3
37
26
11
0)
0)
0)
0)
(0
(»)
(0
()
(0
0)
0)
0)
0)
7,984
18.6
26
8,108
18.9
14
8,076
18.9
14
8,155
19.1
7
0)
0)
0)
0)
8,133
19.1
17
0)
0)
0)
0)
231
14.0
5, 080
4, 426
654
8
2,130
42, 467
7,881
18.6
30
5
25
0)
0)
()
0)
0)
0)
0)
0)
0)
(0
0)
()
0)
0)
()
0)
0)
8,084
19.1
25
8,053
19.1
63
8,149 I
19.3 j
62 I
0)
0)
I
(U. S. Bureau of the Census)
Locomotives:
Orders, unfilled, end of mo., total...numbet..
Domestic, total
do
Electric.
do
Steam
do
Shipments, domestic, total
do
Electric
_.do
Steam
do
Industrial electric (quarterly):
Shipments, totai
»..do
For mining use
.....do
174
165
105
60
21
21
0
64
66
38
18
27
19
8
53
52
34
18
13
8
5
—
94
86
75
11
7
7
0
i
|
I
I
|
i
!
!
91
79
74
5 i
23 !
20 I
3
j
106
61 j
45 |
15 I
15
0
102
101
129
119
59
60
21
8,175
19.4
61
0)
0)
149
139
79
60
20
20
0
55
51
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic
Passenger cars, total
Domestic
.
number..
do
do....
do....
279
279
15
15
194
188
10
10
362
354
1
1
407
407
••Revised.
1
Semiannually only, subsequent to April 1938<
^Military deliveries not available subsequent to September 1938.
§ Revised series. Data revised for 1937; see table 19, p. 14 of the April 1939 issue.
Exclusive of Tennessee.
573
550
22
22
2,336
2,308 !
19 i
19
1,662
1,655
3
3
1, 136
1, 023
0
9
1 198
1, 198
0
0
1,148
1,148
0
0
1,917
1,917
0
0
2,194
2,174
0
0
1, 312
1,312
56
SURVEY OF CURRENT BUSINESS
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
1939
May
July 1939
1938
May
June
July
TRANSPORTATION
August
1939
Septem- October November
ber
December
January
February
April
EQUIPMENT—Continued
RAILWAY EQUIPME*IT—Continued
(U, S.Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total§
Electric§
Steam
_
number..
do
21
7
14
12
10
2
22
12
10
14
13
1
15
7
8
6
4
2
23
22
1
3
3
0
19
18
1
73
63
10
78
63
15
39
30
9
41
40
1
69
58
11
60
51
9
42
46
75
33
36
62
9
10
13
3
0
462
420
43
23,016
440
397
43
30,817
465
423
43
846
466
404
62
22, 218
467
404
519
448
550
461
547
450
640
536
63
70
89
97
104
104
0)
423
379
44
22, 232
1,450
' 1, 274
22, 629
13.964
' 1 4 . 505
42.513
19,050
700
2,482
22, 232
17, 696
2,642
2,678
11, 885
15, 539
12, 412
2,866
30, 605
0
316
530
846
12,000
8,750
1, 468
350
350
108
816
1, 160
19, 900
11,768
800
(0
0)
0)
34.-S85
do . . .
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments total
number
do....
Domestic
do . . .
Exports
SHIPBUILDING
United States:
Vessels under construction, all types
thous. gross tons..
Steam and motor
do
do
Unrigged
Vessels launched, all types.
gross tons...
Powered:
....
do-...
Steam
Motor
_.. do .
Unrigged
. . .
Steel
. do
World (quarterly):
Launched:
_
_. ___ships-.
Number
Tonnage
thous gross tons
Under construction:
ships
Number
Tonnage
thous gross tons
0)
0)
302
848
801
2,827
161
939
1,450
22, 218
T
r
0
2, 729
22, 629
11
1
1
0
21
13
9
2
0
50
53
70
47
53
0
r
2. 196
' 1 3 , 964
' 14,
,05
604
501
C1)
( 'i.
C1)
286
(1)
7. 342
42.513
(')
(\)
254
249
807
705
247
T-90
685
704
716
2 712
2 669
CANADIAN STATISTICS
Physical volume of business:
121.4
110.7
Combined index
1926 = 100.Industrial production:
123.3
112.5
Combined index
do
48.6
48.9
Construction
do
235.5
210.2
Electric power
..do
113.3
104.7
Manufacturing
do
112.6
91.9
Forestry
..do
232.7
199.4
Mining
...do
Distribution:
115.9
105.5
Combined index
do
71.8
81.1
Carloadings.
_
do
86.4
138.0
Exports (volume)
__do
81.7
Imports (volume).
do
91.2
132.8
Trade employment
do
138.0
Agricultural marketings:
102.6
41.1
Combined index
do
105.9
34.1
Grain
do
87.5
72.5
Livestock.do
Commodity prices:
83.1
Cost of living
do
'84.2
73.7
80.3
Wholesale prices
do
Employment (first of month):
106.2
107.4
Combined index
do
94.2
88.2
Construction and maintenance
do
108. 4
110.6
Manufacturing
_
do
155.
8
149.7
Mining.
do
133.2
131.9
Service
do
135. 1
131.3
Trade
do....
81.4
83.9
Transportation
do
Finance:
Banking:
2,839
2,462
Bank debits
mil. of dol..
Commercial failures*
number..
93
Life insurance sales, new paid for ordinary
thous. of dol.- 33, 657 30,342
Security issues and prices:
210, 421
New bond issues, total
do
198,461
62.4
Bond yields
1926=100-.
61.7
99.2
Common stock prices...
.-do
99.7
Foreign trade:
Exports, total
thous. of dol.. 94, 883 72, 791
Wheat
thous. of bu_. 13, 655
3,371
Wheat
flour
thous. of bbl.297
Imports
do
~ 72," 958 67,123
Railways:
Carloading
thous. of cars-215
190
Financial results:
Operating revenues
thous. of dol..
25, 445
Operating expenses
..do
24,186
Operating income
do
96
Operating results:
Freight carried 1 mile
mil. of tons..
1,798
Passengers carried 1 mile
mil. of pass..
128
Production:
Electrical energy, central stations
mil. of kw-hr__
2,333
2,082
Pig iron
thous. of long tons..
72
Steel ingots and castings
do
115
Wheat
flour
thous. of bbL.
978
108.4
109.1
110.5
119.2
118.6
123.4
115. 6
113.0
111.7
113.2
116. 7
109.3
49.7
209.8
103.5
96.7
176.6
109.8
50.6
212.3
101.3
101.4
192.1
110.8
52.5
218.3
100.9
102.2
198.6
120.7
52.8
223.6
114.2
110.2
202.1
121.1
61.7
220.9
113.2
107.1
201.4
128.3
48.4
226.4
125.3
112.8
206.6
118.1
62.7
221.6
111.3
111.7
183.1
114.2
40.3
230.0
111.1
120.7
176.8
114.1
56.2
232.3
105.0
111.6
190.9
115. 2
47.5
233. 1
107.6
110.4
196.7
119.1
51.3
226. 5
109.5
120.2
219.6
105.7
68.7
100.1
79.8
133.4
107.0
71.5
104.3
79.8
133.7
109.5
76.3
127.1
82.6
131.9
114.9
81.0
162.6
84.4
134.0
111. 5
76.0
132 0
89.1
133.7
109.2
74.2
122.7
85.7
132.5
108.6
73.7
100.0
75.8
137.0
109.3
70.7
141.2
77.6
133.8
104.9
66.7
110.1
71.7
133.4
107.4
71.8
108.4
73.9
135.0
109.6
69.2
126. 9
78.0
137.2
20.6
8.2
75.9
40.3
29.7
87.3
91.9
77.0
123.9
135.1
74.0
145.6
162.7
69.0
101.6
106.6
79.1
85.7
88.4
73.6
52.0
46.3
32.3
23.5
71.7
48.1
40.7
81.2
60.3
58. 5
68. 1
^ 84.1
80.1
'84.2
78.6
'84.9
76.0
-84.1
74.5
83. 6
73.3
'83.3
73.2
' 83. 1
73.2
' 83. 1
73.2
111.9
114.5
112.3
153.3
135.3
131.5
84.9
113.5
124.9
111.8
154.5
146.1
133.3
86.3
112.1
128.0
110.0
153.6
143.5
132.1
2,731
92
2,466
72
2,371
102
r
77.9
'83.8
73.5
115.1
133.8
113.8
157.4
146.7
131.0
88.7
116.7
143.5
112.5
160.8
136.1
134.6
90.1
114.6
122.5
110.9
163.4
132.8
135 6
87.9
114.0
112.8
110. 1
163.3
131.7
139.7
85.0
108.1
96.4
104.3
160. 4
131.7
144.8
79.9
106. 5
89.4
106.0
160. 5
129.5
131.0
79.4
106. 5
94. 3
107.0
lfiO.9
128. 5
128.9
80.3
104.9
91.6
107. 1
157. 4
131.4
131.1
79. 3
2,655
81
2,976
92
2,965
122
2. 905
71
2,512
120
2, 050
121
2. 428
99
2. 473
94
r
35,120
30,126
27,996
27, 442
31, 854
36, 611
35, 827
30, 434
30, 879
77,746
61.8
100.0
98,451
62.7
106.9
51, 399
62.7
105.2
51, 474
65.3
98.6
108, 958
63.2
109.7
104. 930
61.5
110.4
86, 142
61.8
106. 8
139, 515
62.1
102.9
54.G57
61.9
104. 1
78, 308
7,275
300
58, 947
78, 720
7,248
283
55, 823
86, 538
6,266
286
57, 026
108, 542
12, 615
320
56, 412
102, 719
24, 579
529
63, 909
94, 075
21,704
478
63, 304
70. 452
15,983
365
44, 286
81,773
7,879
380
43, 743
62, 399
5,746
291
40, 380
128.304
61.1
103.7
187
183
213
250
257
219
178
171
25, 773
24,515
'12
28,439
26,103
1,095
34, 504
26, 919
6,375
37, 609
25 681
1U, 684
30, 431
23, 798
22, 923
6, 502
27,521
22, 633
3,597
1,525
160
192
2,063
172
153
3,924
119
2,668
101
2,100
166
1,871
123
1,707
122
2. 054
127
2,076
49
83
1,103
2,164
50
74
1,639
2,329
2,376
46
90
1,606
2,350
53
79
1.052
2,387
58
78
1,098
2,214
41
2, 307
41
96
1,194
1,988
51
929
51
76
1,906
2 2 , fif>1
83. 1
73.4
151.083
63 0
9G. 2
56, 507
2. 832
24, 577
23, 816
'490
1,973
64
109
r
83. 9
74.1
160
22. 652
22,921
d
1, 490
1,037
25, 700
24, 333
193
40
100
1. 114
d
'1 Revised.
Deficit.
Discontinued by reporting source.
*New series. Data compiled by Dun and Bradstreet, Inc., have been substituted for those compiled by the Dominion Bureau of Statistics; data beginning January 1934
xill appear in a subsequent issue.
§Revised series. Data revised for 1937; see table 19, p. 14 of the April 1939 issue.
INDEX TO MONTHLY BUSINESS STATISTICS
CLASSIFICATION, BY SECTIONS
Page
Monthly business statistics:
19
Business indexes -_
.
Commodity prices
20
21
Construction and real estate
23
Domestic trade
Employment
conditions
and
Finance
—
•-—__...._
Foreign trade
Transportation and communications
___....
Statistics on individual indusChemicals and allied p r o d u c t s . .
Electric power and gas
Foodstuffs and tobacco
Leather and products
Lumber and manufactures
Metals and manufactures:
Iron and steel
Nonferrous metals and products
Machinery and apparatus
Paper and printing
Rubber and products
Stone, clay, and glass products. _
Textile products
Transportation equipment
Canadian statistics
25
30
36
37
38
41
41
45
46
47
48
49
50
51
52
53
53
55
56
CLASSIFICATION, BY INDIVIDUAL
SERIES
Page
Abrasive paper and cloth (coated)
52
Acceptances
30
Accessories—Automobile
55
Advertising
25
Agricultural products, cash income received
from marketings of
20
Agricultural wages, loans
29, 30
Air-conditioning equipment
50
Air mail
24
Airplanes.
38, 55
Alcohol, denatured, ethyl, me than ol
38
Aluminum
49
Animal fats, greases
39
Anthracite mining
19, 26, 28, 45
Apparel, wearing
20, 24, 25, 26, 27, 28, 53
Asphalt. __
46
Automobiles
19, 24, 25, 27, 28, 29, 55
Babbitt metal
49
Barley
42
Bathroom accessories
53
Beef and veal__
43
Beverages, fermented malt liquors and distilled spirits
41
Bituminous coal
19, 20, 26, 28, 45
Boilers
_
49
Bonds, prices, sales, value, yields
30, 35
Book publication
52
Boxes, paper
52
Brass
50
Brick
__
53
Brokers' loans
30
Bronze
50
Building contracts awarded
21, 22
Building costs
22
Buildiug materials
20,47,53
Building permits issued
21,22
B u t t e r . __
41
Canadian statistics
56
Canal traffic
38
Candy
44
Capital
flotations
33,34
Carloadings
37
Cattle and calves
43
Cellulose plastic products
40
Cement
19, 53
Chain-store sales
24
Cheese
41
Cigars and cigarettes
44
Civil-service employees
26
Clay products
25, 27, 28, 29, 53
Clothing
20, 24, 25, 26, 27, 28, 29, 53
Coal
19, 20, 26, 28, 45
Cocoa
44
CofTee.
44
Coke
45
Collections, department stores
.
24
Commercial failures
31
Commercial paper
30
Construction:
Contracts awarded, indexes
21
Costs
22
Highways
22
Wage rates
29
Copper
49
Copra and coconut oil
39, 40
Cost-of-living index
20
Cotton, raw and manufactures..- 19, 20, 21, 53, 54
Page
Cottonseed, cake and meal, oil
40
Crop3._
19,20,42,43,53
Currency in circulation
32
Dairy products...
_
19, 20, 41, 42
Debits, bank
„
30
Debt, United States Government
.
32
Delaware, employment, pay'rolls
26, 27
Department-store sales and,stocks
24
Deposits, bank
.
31
Disputes, industrial
27
Dividend payments
35
Earnings, factory, average weekly and
hourly
_ 28, 29
Eggs
19, 20, 44
Electrical equipment
51
Electric power, production, sales, revenues. _
41
Electric, street railways
37
Employment:
'^Cities and States
26
Nonmanufacturing
26
Emigration
38
Enameled ware
49
Engineering construction
22
Exchange rates, foreign
32
Expenditures, United States Government-_
32
Explosives
39
Exports
36, 37
Factory employment, pay rolls
25, 26, 27, 28
Fairchild's retail price index
20
Fares, street railways
37
Farm employees
26
Farm prices, index
20
Federal Government,
finances
32,33
Federal-aid highways
22,29
Federal Reserve banks, condition*^
30
Federal Reserve reporting member bank
statistics
30
Fertilizers
39
Fire-extinguishing equipment
55
Fire losses
23
Fish oils and
fish__
39, 44
Flaxseed
40
Flooring, oak, maple, beech, and birch
47
Flour, wheat
43
Food products
20, 25, 26, 27, 28, 29, 41
Footwear
46, 52
Foreclosures, real estate
23
Foundry equipment
50
Freight car3 (equipment)
55
Freight carloadings, cars, indexes
37
Freight-car surplus
37
Fruits...19, 20, 42
Fuel equipment
50
Fuels
„
45,46
Furniture
47
Gas, customers, sales, revenues
41
Gas and fuel oils
45
Gasoline
45,46
Gelatin, edible
44
General Motors sales
55
Glass and glassware. __
19, 25, 27, 28, 29, 53
Gloves and mittens
46
Gold
32
Goods in warehouses
23
Grains
19, 20,34,42,43
Gypsum
'**v£\53
Hides and skins
21,46
Mogs
43
Home loan banks, loans outstanding
23
Home mortgage insurance
23
Hosiery
53
Hotels
-_.
26,28,38
Housing
20, 22, 23
Illinois, employees, factory earnings
26, 27, 29
Imports
36,37
Income-tax receipts
32
Income payments
19
Incorporations, business
23
Industrial production, indexes
19
Installment sales, New England
24
Insurance, life
31
Interest and money rates
30
Iron ore, crude, manufactures
19, 48
Kerosene
46
Labor turn-over, disputes
27
Lamb and mutton
43
Lard
43
Lead
19,49
Leather
19, 21, 25, 26, 27, 28, 29, 46
Leather, artificial
54
Linseed oil, cake, and meal
40
Livestock
_
19,20,43
Loans, agricultural, brokers', real estate.- 23, 30,31
Locomotives
.
55, 56
Looms, woolen, activity
54
Lubricants
46
Lumber
20, 25, 27, 28, 47
Lumber yard sales and stocks
47
Machine activity, cotton, wool
54
Machine tools, orders
50
Machinery
25,27,28,50,69
Magazine advertising
23
Manufacturing indexes
19
Marketings, agricultural
19, 20
Maryland, employment, pay rolls
.
26, 27
Massachusetts, employment, pay rolls
26, 27
Meats
19,20,43
Metals
19, 21, 25, 27, 28, 29, 48, 49, 50
Methanol
.
38
Mexico, silver production
32
Milk
_
42
Minerals
19,26,28,45,50
Page
Naval stores
39
Netherlands, exchange rates
32
New Jersey, employment, pay rolls
26, 27
Newsprint
52
New York, employment, pay rolls, canal
traffic
26, 27, 38
New York Stock Exchange
35
Oats
_
42
Ohio, employment
.,
26
Ohio River traffic
38
Oils and fats__
39, 40
Oleomargarine
40
Paint sales
40
Paper and pulp
21, 25, 26, 27, 28, 29, 51, 52
Passenger-car sales index
24
Passengers carried, street railways.»
*
37
Passports issued
38
Pay rolls:
Factory
27, 28
Factory, by cities and States
27
Nonmanufacturing industries
28
Pennsylvania, employment, pay rolls
26, 27
Petroleum and products
•. 19,
21, 25, 26, 27, 28, 29, 45, 46
Pig iron.
48
Porcelain enameled products
49
Pork
_.
43
Postal business
24
Postal savings
31
Poultry
19,20,44
Prices:
Retail indexes
20
World, foodstuffs and raw material
21
Printing
25, 26, 27, 28, 29, 52
Profits, corporation
32
Public relief
29
Public utilities
31,32,35,36
Pullman Co
_
38
Pumps
50
Purchasing power of the dollar
21
Radiators
48, 50
Radio, advertising
23
Railways; operations, equipment, financial
statistics
37, 38, 55, 56
Railways, street
37
Ranges, electric
51
Rayon
54
Reconstruction Finance Corporation, loans
outstanding
33
Refrigerators, electric, household
51
Registrations, automobiles
55
Rents (housing), index
,
20
Retail trade:
Automobiles, new, passenger
24
Chain stores:
5-and-10 (variety)
24
Grocery
24
Department stores
24
Mail order
_
25
Rural general merchandise
25
Rice
._
42
Roofing...
__
_
40
Rubber, crude, scrap, clothing, footwear,
tires
19, 20, 25, 26, 27, 28, 29, 52
Savings deposits
31
Sheep and lambs
_
43
Shipbuilding
56
Shoes
21, 25, 26, 27, 28, 29, 46
Silk
_
20, 21, 54
Silver
_
19,32
Skins
....
46
Slaughtering and meat packing. 19, 25, 26, 27, 28, 29
Spindle activity, cotton
54
Steel, crude, manufactures
19, 25, 27, 28, 48, 49
Steel, scrap, exports and imports
48
Stockholders
36
Stock indexes, world
20
Stocks, department stores
24
Stocks, issues, prices, sales
35,36
Stone, clay, and glass p r o d u c t s . . . 25, 27, 28, 29, 53
Sugar
_.
20, 21,44
Sulphur
_
39
Sulphuric acid
39
Superphosphate
39
Tea
_. 20,21,44
Telephone, telegraph, cable, and radiotelegraph carriers
38
Textile products
54
Tile, hollow building
53
Tin
20,21,49
Tobacco
19, 25, 26, 27, 28, 29, 44
Tools, machine
50
Trade unions, employment
26
Travel
38
Trucks and tractors, industrial, electric
56
United States Government bonds
35
United States Steel Corporation
36, 48
Utilities
31, 32,35, 36
Vacuum cleaners
51
Variety-store sales index
24
Vegetable oils
39,40
Vegetables
19,42
Wages..28, 29
Warehouses, space occupied
23
Waterway traffic
38
Wholesale prices
20, 21
Wire cloth
50
Wisconsin, employment, pay rolls, and
wages
26, 27, 29
Wood pulp
51
Wool
54
Zinc
19, 50
1939
CONSUMER
MARKET DATA
HANDE
Domestic Commerce Series N- 102
Price •l.TS
(/his flMDBOOlCpresents 82 series of consumer
marketing data, % of Which have never beenpublishe
before,tfheitst of the series Were dmiOnfzvm oVer
800 tables in 18 individual Volumes and 49 separate
releases, dhese series are presented for each of the
3,070 counties in the U. S., and most series are
shown for each of the 3J65 cities of 2,5OO
population or more, classified under fiOe
principal
groups:
1 Population and Dwellinps.
Z
3
4
5
Volume 4 Type cfjfusaiess G Industry,
Empbyment and Payrolls.
RetailDistribution by Kinds of Business.
Related Indicators of Consumer
Purchasing Pouter:
Designed far thepractical use of manufacturers, di$~
tributors, advertisers, aditertisiny agents, research
firms, and others interested in consumer markets*
Copies Available from,: -
(pVernmezitFHntiny Office, Washington,&C,
or your nearest District Office
Buckram Bound
@FedFRASER