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NOVEMBER 1939
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
VOLUME 19
NUMBER It
A
WORLD TRADE
N
N
in
U
N
N
D ENTAL
and
SURGICAL
GOODS
A N E W PUBLICATION
Trade Promotion Series No. 204
• This new report, world-wide in its scope, aims to
assist American manufacturers and exporters of dental
and surgical goods in promoting the sale of their products in foreign lands.
• The report covers all important foreign countries with
the exception of Japan, China, and Spain, and minor
countries and dependencies.
• Here is presented a comprehensive survey of general
health conditions, promotion and protection of public
health by governmental and private organizations, and
trade in dental, surgical, and hospital instruments, equipment, and supplies.
PRICE 2 5 CENTS
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O F
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D O M E S T I C
C O M M E R C E
U N I T E D
S T A T E S
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O F
C O M M E R C E
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t h r o u g h any District Office of t h e Bureau of Foreign and Domestic Commerce located in commercial centers t h r o u g h o u t
the United States.
Number 11
Volume 19
UNITED STATES DEPARTMENT OF COMMERCE
HARRY L. HOPKINS, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
JAMES W. YOUNG, Director
SURVEY OF
CURRENT BUSINESS
NOVEMBER 1939
A publication of the
DIVISION OF BUSINESS REVIEW
M. JOSEPH MEEHAN, Chief
MILTON GILBERT, Editor
TABLE OF CONTENTS
SUMMARIES
Business situation summarized.
Commodity prices
Employment.
Foreign trade
Domestic trade
SPECIAL ARTICLE
The depreciation of the pound sterling
CHARTS
Figure 1.—Monthly business indicators, 1929-39
Figure 2.—Selected indicators of industrial activity, percentage increase for week ended October 14 over the August average
Figure 3.—Freight cars on order, class I railroads, beginning of each
month, 1936-39
Figure 4.—Price movements of selected domestic and imported
commodities, September and October 1939
Page
3
6
S
9
10
It
New or revised series:
Page
Figure 5.—Wholesale price indexes of basic commodities, September
and October 1939
7
Figure 6.—Sterling exchange in New York by weeks and net gold
exports from the United Kingdom to the United States, by months,
1938 and 1939
12
STATISTICAL DATA
Table 46. Total exports of meats and meat products, including
lard, 1913-39
Table 47. Exports of lard, including neutral lard, 1913-39
Table 48. Exports of cotton cloth, 1913-39
Table 49. Construction contracts awarded (valuation of total
building) 1925-39
Table 50. Total cheese production, 1920-38
Table 51. Cotton cloth mill margins, 1925-39
Table 52. Benzol production, 1923-39
Table 53. Farm wage rates without board, 1923-38
Table 54- Commercial failures in Canada, 1934-38
Monthly business statistics
General index
17
17
18
18
18
18
19
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1
SURVEY OF CURRENT BUSINESS
November 1939
Monthly Business Indicators, 1929-39
INCOME PAYMENTS AND CASH FARM INCOME
INDUSTRIAL PRODUCTION
VOLUME (1923-25-100)
120
MONTHLY INCOME PAYMENTS (1929=100)
CASH FARM INCOME (t924M929=100)
110
'ONTHLY INCOME
PAYMENTS
, , CASH INCOME FROM FARM MARKETINGS
\ \ {EXCLUSIVE OF RENTAL & BENEFIT PAYMENTS)
40
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
192)9
1929
1930
1931
1932
CONSTRUCTION CONTRACTS AWARDED**
140
1933
1934
1935
1936
1937
1938
1939
1937
1938 1939
FOREIGN TRADE *
VALUE (1923-25=100)
VALUE (1923^25=100)
120
100
80
60
40
V
20
^RESIDENTIAL BUILDINGS
I
0
1929
1930
1931
1932
1933
1934- 1935
I
1936
I
1937
1938
1939
1929
FACTORY EMPLOYMENT AND PAYROLLS
140
1930
1931
1932 1933
1934
1935
1936
WHOLESALE PRICES AND COST OF LIVING
110
(1923-25=100 )
(l923~2S» 100)
100
120
-COST OF LIVING
100
FACTORY
EMPLOYML
(ADJUSTED)
,
^
**
SZJK?'^
80
Vf
60
40
/V
J
^•FACTORY PAYROLLS
(UNADJUSTED/
WHOLESALE PRICES
50
20
0
0
1929
1930
1931
1932
1933
1934 1935
1936
1937
1938
1939
1929
1930
1931
1932
RETAIL SALES *
175
1933
1934
1935
1936
1937
1938
1939
STOCK PRICES
350
(1923^25=100)
AUTOMOBILE SALES (1929-31 «1OO)
DEPARTMENT STORE SALES (1923-25=100)
300
150
-350
125
INDUSTRIAL COMPANIES
250
\
"STORE :
-DEPAK >TMEN7
100
'V
V
75
SALEs
\
}
d Sftr
200
V
I
50
25
100
50
JEW PASSENGiER AUTOMOBi LE SAi_£^
0
1929
1930
1931
1932
1933
I 1934
150
1935
I 1936
1937
1938
1939
1929
* ADJUSTED FOR SEASONAL VARIATION
Figure 1.
1930
1931
1932
1933
1934
1935
1936
• THREE-MONTH MOVING AVERAGE
1937
1938
1939
SURVEY OF CURRENT BUSINESS
November 1939
Business Situation Summarized
forward during
BUSINESS activity moved set in motion in October
as the expansionary forces
Septem-
promptly the change in buying since August, but, progressively, additional industries have experienced prober, following the outbreak of the European war, were duction advances. This follows from the type of
reflected in the volume of production and distribution. purchasing initiated by the war and from the normal
Factory output experienced another unusual rise during lags in any abrupt rise in economic activity. In conthe month, as manufacturers worked to fill the large trast with the position of the primary industries relative
banks of orders built up during the buying wave of the to 1937, the aggregate volume of manufacturing activity
preceding month. In a few industries, production remains below1- the 1937 level. Total factory employrapidly moved up toward the practical limits of capacity, ment at mid-October was almost 10 percent smaller
though for industry as a whole there was still considerPERCENT INCREASE
able capacity not being utilized. The increase in
)
10
20
30
40
50
c
activity has required large additions to working forces;
and a more-than-proportionate rise in pay rolls has
STEEL /NGOT PROD.
occurred with some increase in working time. Coupled
with the rise in farm income generated by higher prices
B/TUM/NOUS COAL PROD.
for the major farm staples, this development has raised
FREIGHT CAR LOAD/NGS
the dollar total of income payments to a figure which,
•
on an annual basis, is only slightly below the aggregate
COTTON CONSUMPTION
for the year 1937. While income has approached the
PAPER PRODUCT/ON
1937 level with good prospects for the final 2 months
of the year, the total for the current calendar period
PAPER BOARD P/?OD.
will be much less than in 1937 because of the lower
rate at which income payments were made during the
WHEAT FLOUR P/?OD
•
first three quarters of the year.
LUMBER PRODUCT/ON
HOB
While goods are flowing into consumption at a higher
rate than in August, a considerable part of the increased
ELECTR/C POWER PROD.
activity in production represents an increment to the
SUGAR MELT/NGS
volume of goods in process, and a shifting of goods
toward the final stages of fabrication. The monthly
survey of wholesalers' inventories showed an increase Figure 2.—Selected Indicators of Industrial Activity, Percentage Increase
for Week Ended October 14 Over the August Average.
of but 1 percent in September. The brevity of the
NOTE.—Data
used
bituminous
period between the rising tide of orders and the end of coal, and electricfor the week ended October 21 areweeklyfor steel ingot, the 5 weeks
power production. The August
average is for
7
the month, as well as the increase in wholesalers sales of ended September 2.
about one-eighth from August to September, were than at the peak in that year, and pay rolls were
factors which limited the size of the increase of the considerably less.
inventories in this position. The stocks held by departThe character of the current advance is suggested by
ment stores did not increase much more than season- figure 2, where production data for basic industries as
ally expected in September. No data are available of mid-October are compared with the August position.
for the commitments made by these and other retailers It should be noted that no allowance has been made in
except insofar as a marked rise is indicated by what has this chart for seasonal movements from August to
happened to wholesalers' sales and manufacturers' orders. October. Pronounced seasonal gains normally occur in
production of bituminous coal and mill consumption of
Further Production Rise.
cotton, and for electric powder and wheat flour the usual
The advance in industrial operations during Septem- increases over this period are of appreciable size;
ber and October has raised production in the basic whereas for sugar meltings a considerable decline is the
industries to the approximate average for the first 8 seasonal experience. Even after allowance for seasonal
months of 1937. The magnitude of this 2-month rise increases, steel-ingot production has been advanced
has been duplicated only by the exceptional spurt in more than 40 percent and bituminous-coal production
the second quarter of 1933. In the current move the almost one-fourth.
Federal Reserve adjusted index of production was adSteel-ingot production averaged about 90 percent
vanced from 103 (1923-25 = 100) for August to 111 for of capacity in October, as compared with the September
September, and in October the figure jumped to 120. rate of 71 percent, and the tonnage produced was
DigitizedThe basic industries have naturally reflected most
for FRASER
slightly larger than in any previous month. The higher
i
E
00-39-257
SURVEY OF CURRENT BUSINESS
operations at steel mills have resulted in heavy shipments of ore and coke. The rapid rise in primary steel
production has not been matched by a similar gain in
steel-consuming and other durable-goods industries,
though the inflow of orders in a number of lines has laid
the basis for substantial production gains. Manufacturers of steel products, such as steel boilers, fabricated
plate, and steel barrels, have experienced a substantial
increase in new business. Machinery manufacturers
have received some increased business, though in numerous instances these gains have been modest. Machinetool builders received an exceptional volume of orders
in September, and foundry-equipment orders were also
considerably higher. Automobile production in October fell behind the scheduled advance, as an industrial
dispute reduced the assemblies of one leading producer.
Railway purchasing of equipment and rails has advanced materially since August. The Class I railroads
THOUSANDS
OF CARS
50
A
40
/ \\
30
20
f\ i
JV
y
v
\\
V_
/
J
November 1939
any time this year, and the volume of other private
construction in the earlier month was the largest in 2
years. Publicly financed contracts, aside from largescale housing projects, have declined and currently
are much smaller than a year ago, when awards under
the 1938 Public Works Program were rising to exceptionally high totals.
Among the non-durable-goods industries there have
been a number of major production increases since
August. Advances in excess of seasonal expectations
have occurred at meat-packing plants, sugar refineries,
and flour mills. Textile industries received heavy
orders in September, but production advances from the
already high August level have not been large. Rayonyarn output has been close to capacity levels for several
months. Cotton mills have expanded operations,
though the rise in raw-fiber consumption in September
and the first weeks of October was little more than
seasonal.
In the paper and paperboard industries a swift advance in output followed the heavy inflow of orders.
As is shown in figure 2, production of paper increased
one-fifth from August to mid-October. At almost 100
percent of rated capacity, production has exceeded the
1937 high point by a considerable margin. Paperboard
production has also moved above the 1937 peaks.
Trend of Orders.
Following the exceptional buying wave initiated by
the outbreak of hostilities, the inflow of new orders for
raw and semifinished materials, which had been pur0
chased so freely in September, has tended to decline.
1937
1936
1938
1939
The smaller volume of October purchasing reflects the
Figure 3.—Freight Cars on Order, Class I Railroads, Beginning of Each
readjusted position of most concerns with respect to
Month, 1936-39. (Association of American Railroads.)
their commitments and a calmer appraisal of price and
alone placed orders for 16,500 freight cars in September, delivery prospects. The data for manufacturers'
and orders in October were of approximately the same orders compiled by the Associated Industries of Massamagnitude. About two-thirds of the cars ordered chusetts are of interest because they reveal the excepin September were coal cars. Figure 3 reveals that the tional magnitude of purchasing during September.
number of freight cars on order for Class I railroads in- From the accompanying table it will be observed
creased to 23,000 on October 1—much above the total that orders increased sharply from August to Septemat any time in the past 12 months, but still considerably ber in the textiles, paper, metal trades, and "all other"
smaller than in the first half of 1937. In addition to the classifications. The increase for the shoe and leather
purchases of new equipment, the railroads have main- industries was much less than that for the other groups.
tained enlarged working forces in the repair shops.
Table I.—Indexes of Massachusetts Manufacturers' Orders
Railway freight traffic continued to increase more
[1926 = 100]
than seasonally in October, and loadings of 861,000 cars
for the week ended October 21 were about 20,000 cars
Average for
above the fall traffic peaks in 1936 or 1937. The traffic
12 months
September
1939
ended
movement in October, after allowance for seasonal
AugustGroup
changes, did not reach the high levels of the winter and
AuSep1936
1939 1937
1937
spring of 1937. Loadings of miscellaneous freight,
gust tember 1938
predominantly industrial in composition, were more
84.4 101. 2
Combined group
86.1 126.1
84.7
85.2
than 5 percent lower than in this earlier period.
89.4 139. 2 107.2 119.4
109.8 192. 5 118.6
Textiles
Construction activity has been sustained, with the Leather and shoes
64.2
60.1
68.3
47.6
53.9
65.2
74.1
85.6
90.2 j 77.8 116.3
88.3 128.9
volume of new contracts let making a better-than-sea- Metal trades
78.0
67.2
71.7
Paper
75.5 126.1
85.5
79.7
87.1
80.4
93.6 105.6
87.7 120.0
96.0
sonal showing. During September and October pri- All others
vate residential awards averaged about as high as at
Source: Associated Industries of Massachusetts.
10
SURVEY OF CURRENT BUSINESS
November 1939
The shift to extensive covering of forward requirements, evident in the Massachusetts data, embraced a
wide range of industries in all areas of the country. For
example, concerns in the Detroit area surveyed regularly
by the Detroit Purchaser reveal a similar trend. In
September, three-fourths of these concerns were covering requirements for 90 days or more ahead, and a
substantial proportion were buying for 6 months. In
midsummer only about one-fourth of these companies
were buying for 90 days or more.
Business Loans Increase.
The expansion in orders and business volumes has
enlarged working-capital requirements, and this increased demand for capital has occasioned additional
borrowing from banks. The increase of more than
$300,000,000 in commercial loans of reporting member
banks from August to mid-October exceeded the usual
seasonal rise. Corporations have not entered the open
market for new funds, and flotations remained very
low in October. Quotations of high-grade corporate
bonds strengthened in October, and Government bonds
recovered more than half the September losses of as
much as 6 points for long-term issues. After deferring
the regular September financing, the Treasury announced on October 23 that it would exchange 1-percent
notes of over 4-year maturity for the $526,000,000 of
1%-percent notes falling due on December 15. Aside
from a %-percent issue of 5-year notes last June, this
coupon rate approximates a record low figure for
Treasury notes of comparable maturity.
Stock Prices Move Narrowly.
Following the marked gains in the first half of September, quotations of industrial stocks have subsequently moved narrowly except for further appreciation
in the shares of railway-equipment and aircraft manufacturing companies. Railroad shares, which had
continued to advance after the run-up in the first 2
weeks of hostilities, eased slightly during October.
Utility-share quotations were substantially unchanged
from the summer levels. Earnings of railroad and industrial corporations have been increased by the rising
trend of industrial and trade volumes, and prospects
are for a material improvement in the fourth quarter.
The third-quarter reports revealed continued wide
gains over the 1938 earnings, and generally the results
were better than in the June period, after allowance for
the usual seasonal movements. The railroads as a
group operated at a substantial profit in September and
October after reporting heavy deficits in the first half
of the year.
MONTHLY BUSINESS INDEXES
Monthly income
payments, adjusted i
Factory employment
and
pay roils
Cash farm
income 2
Industrial
production,
adjusted1
Freight-car Retail sales, Foreign
trade,
loadings,
value, advalue,
adjusted l
justed i
adjusted1
15
Year and month
i
r
Monthly average,
1929=100
1929: September
1932: September
1933: September
1936: September
1937: September
1938:
September
October
November
December
1939:
January
February
March
April
May
June
July
101.7
57. 3
60.0
83.6
89.6
_.
August
September
Monthly average, January
through September:
1929
1932
1933
1936
1937
1938
1939
101.9 101.9
59.9
55.6
60.3
58.3
83.9
81.2
87. 9 90.0
§!
Monthly average, 192325=100
I
3
p
Monthly average, 192429=100
114.4
44.0
61.3
87.2
104.9
122.0
46.5
58.0
89.0
96.5
103.0
41.5
50.0
77.5
81.0
121
66
84
121
65
109
111
110
110
118
71
87
102
116
95
103
104
97
98
102
109
100
97
96
92
91
97
100
104
111
110
110
110
95
98
104
106
91
110
124
63
77
102
116
79
115
70
81
101
116
96
91
31=100
81.8
82.6
83.1
83.4
80.4
81.4
82.4
83.0
82.8
83.5
84.2
84.7
89.4
90.2
92.8
94.4
81.6
84.2
84.4
87.1
85.0
91.5
78.0
72.5
72.5
67.5
69.5
68.0
90
96
103
104
83.3
83.0
84.1
83.0
83.4
84.1
83.7
85.4
88.8
82.3
82.0
82.1
81.0
81.4
82.8
82.8
84.0
84.3
84.4
84.4
84.8
83.8
84.3
85.4
85.5
86.7
87.0
94.6
94.3
94.0
93.8
93.3
94.3
95.3
96.0
97.4
83.7
86.0
87.6
85.5
85.0
86.5
84.4
89.8
93.7
68.5
51.0
57.5
55.0
60.0
59.0
63.0
71.0
93.5
67.5
60.0
64.0
64.5
65.0
60.0
62.5
71.0
79.0
101
99.8
62.0
56.2
81.9
89.3
81.2
84.1
99.8
60.6
54.0
78.3
87.0
78.4
82.5
64.8
57.5
82.2
89.2
81.9
85.1
106.4
66.4
78.4
111.7
47.7
47.4
82.5
105.2
75.5
86.9
96.8
41.9
45.4
68.6
76.5
66.1
64.2
92
92
98
101
103
111
122
64
77
102
116
81
99
Monthly average,
1923-25=100
Monthly
average,
1926=100
87
108
54
57
72
80
60
75
105
73
67
65
68
60
69
141.5
31.0
52.0
83.0
105.0
110
33
40
55
74
115
32
48
70
76
110 138.3
30 59.6
30 61.9
59 89.1
56 94.6
96.1
65.3
70.8
81.6
87.4
60.0
85.0
100.0
92.5
113
67
68
88
94
108
54
60
75
* Adjusted for seasonal variations; monthly averages, except income payments, are based on unadjusted index&s.
• Average of 8 months, January, February, and April through September.
1929-
Monthly average, 1923-25=100
107.3
64.4
82.8
101.6
110.3
110.1
88.5
94.5
« 2
I8
|
3
0 =
Is
62
60
58
67
55
54
55
54
78 83.3
82 91.7
96 86.4
96 106.9
78.3
77.6
77.5
77.0
91.0
96.0
88.0
79.5
79.0
79.0
80.5
76.5
83.0
55
63
70
64
70
70
69
72
72
55
49
53
53
61
58
57
57
59
86
73
69
67
63
63
67
73
79
76.9
76.7
76.2
76.2
75.6
75.4
75.0
79.1
162.3
40.7
47.3
106.0
116.8
61.0
85.6
112
35
32
51
70
67
64
115
35
36
61
83
49
56
90.5
77.1
92.3
85.3
90.0
94.7
89.6
88.7
93.9
125 137.6
29 66.6
20 3 60.8
56 88.9
62 99.3
59 83.7
73 89.1
* From farm marketings.
95.7
65.4
64.3
80.2
87.3
79.0
76.4
6
SURVEY OF CURRENT BUSINESS
November 1939
Commodity Prices
lost the dynamic
COMMODITY prices in Octoberthe September upmovement which characterized
swing. They reflected some reappraisal by business of
the probable short-term stimulus of war to the economic
machine. The price fluctuations during the month
indicate in general that less in the way of war demands
is expected immediately but that the war has, nevertheless, strengthened businessmen's anticipations as to the
basic economic outlook. The speculative upswing has
recessed somewhat, but prices still reflect the expectation of greater business volumes in the not-too-distant
future.
Among the volatile commodities there was a decided
tendency for prices to ease downward from the high
points reached in September. As the buying wave
subsided, sensitive commodities generally moved slightly
lower. The index of 30 basic commodities given in
figure 5 shows that the downward movement since the
high point reached on September 22 was neither abrupt
not precipitous. The gradual easing of the index
reflects the fact that the immediate business outlook and
the availability of commodity stocks are being viewed
more calmly than a month ago. The decline came
largely from the recession in the prices of domestic
agricultural commodities; industrial materials have
moved to slightly higher levels, while prices of basic
imported commodities have fallen but fractionally
during the month.
Despite the probability that the concurrent appreciation of the dollar would normally tend to depress import
prices relative to the general price level, it was these
imported commodities which registered the largest gains
in the September price rise. This can be seen in both
figure 4 and figure 5. The commodities on the right
side of figure 4 are the major import staples. In all
likelihood this resulted from the expectation that higher
shipping costs and dislocations in shipping service
would have a more immediate effect on the supply of
imports than other war factors would have on domestic
commodities. In addition, the actual or potential
control of supply in the case of certain import commodities also tended to bolster prices in this market. Of the
import commodities included in figure 4, only coffee rose
less than 25 percent during September, while four of the
eight domestic and export commodities stayed below
that level. During October, prices of all of these basic
materials except copper, lead, zinc, and wool declined
moderately. In addition, silk and burlap among imports, continued to rise. The prices of the import commodities still remain relatively higher than those of
domestic and export commodities.
The Bureau of Labor Statistics index of wholesale
prices exhibited the same tendency to decline in
October. The rise of 5.5 percent from 75.0 in August
to 79.1 in September (1926 = 100) resulted from
increases of approximately 12 percent in farm products
and foods. The "other than farm products and foods'7
index rose but 2.5 percent during September. The
decline in October in the total index reflected the easing
in prices of farm products and foods. Other commod-
AUG. 31, 1939= 100
160
AUG. 3!, 1939 = 100
160
ISO
J50
WOOL
140
140
130
130
120
120
COPPER^
'C
"— - r —¥- — —
'
\
:a::
I 10
» —— J:
LEAD"
COTTON-
100
SEPTEMBER
OCTOBER
SEPTEMBER
OCTOBER
90
Figure 4.—Price Movements of Selected Domestic and Imported Commodities, September and October 1939. (Source of Basic Data—Journal
of Commerce.)
7
SURVEY OF CURRENT BUSINESS
November 1939
ities have risen slightly since the end of September.
The decline in the "finished products" index in the
first half of October merely represents the lower prices
of meats and other foods which are included in this
index. Wholesale prices of finished goods generally
have continued to rise this month. Rather than a
further rise in those commodities which advanced in
September, prices of additional finished goods have been
showing slight increases. A good many finished-goods
prices at wholesale have now recorded some increase
from the end of August levels. Shoes, clothing, knit
goods, petroleum products, industrial chemicals, soaps,
and lumber had all advanced on the average from 2 to 6
percent by the middle of October. The rise in paper
and pulp prices was slightly higher, while cotton goods
and nonferrous metals increased more than 12 percent.
Woolen and worsted goods and cattle feeds exhibited
larger advances—about 20 percent in a month and a half.
Prices of iron and steel products have stiffened, even
though base quotations have not been advanced by the
large units of the industry.
An increase of 0.8 percent during September in the
Fairchild retail-price index indicates that price rises on
wholesale markets are already seeping through to the
retail trade. Although an 0.8 percent rise is rather
small, the index had been fluctuating much more narrowly since early in 1938. For the first time in some
months none of the commodities included in the index
declined, and most of them recorded some increase.
Floor coverings and furs made the greatest advances—
3.4 and 2.6 percent, respectively—while smaller increases occurred in blankets and furniture.
Retail prices of staple products declined somewhat
late in September and early in October after their initial
post-war rise. There was no consistent movement for
the rest of October and fluctuations in both directions
were generally small according to the special weekly
surveys of the Bureau of Labor Statistics.
AUG. 31, 1939 = 100
140
£IMPORTED COMMODITIES-
130
_ _ _ ^
120
MO
100
OCTOBER
SEPTEMBER
Figure 5.—Wholesale Price Indexes of Basic Commodities, September and
October 1939. (Bureau of Labor Statistics)
NOTE.—Thes* daily price indexes have been recomputed on an August 31,1939=100
basis. The 11 imported commodities are flaxseed, sugar, coffee., cocoa, shellac, rubber,
hides, silk, wool, burlap, and tin. The 6 domestic agricultural commodities are
wheat, corn, hogs, steers, wool, and cotton. The 16 industrial materials are flaxseed,
shellac, rubber, hides, rosin, print cloth, silk, wool, burlap, steel scrap, tin, copper,
lead, zinc, silver, and cotton. These indexes are preliminary and are now in process
of revision.
INDEXES OF COMMODITY PRICES
111
Wholesale Prices (U. S. Department of Labor)
Groups and subgroups
Economic classes
sg
8
i
if
f II
"3 II
if si
Year and month
15
Dec.
Mo.
Mo.
Mo.
1930
average average average (Jan.
1923= 1909-14 1923-25 1, 1931)
= 100
100
=100
= 100
Monthly average 1926 = 100
1929: September
1932: September
1933: September
1936: September
1937: September
1938:
September—
October
November..
December..
1939:
January
February. _.
March
April
May
June
July
August
September..
October 3...
1 Middle of month.
91.6
70.4
76.1
79.6
85.9
95.8
70.5
82.7
87.1
96.2
93.7
72.9
72.7
81.7
81.4
82.7
70.8
70.4
76.1
78.7
110.6
72.2
92.3
94.6
107.6
94.3
73.7
79.3
81.7
91.1
100.3
80.1
82.1
86.8
97.1
89.8
55.6
76.9
70.9
75.3
83.1
64.7
65.1
71.3
77.0
101.1
76.6
78.2
85.9
89.4
80
124
118
108.0
66.7
72.0
84.3
85.8
73.6
86.0
89.3
96.3
81.3
81.1
80.6
80.3
89.5
89.8
89.2
89.4
77.3
77.1
76.6
76.7
76.6
75.4
73.7
73.2
92.0
93.4
94.6
93.1
86.2
85.7
85.8
86.0
95.5
95.3
94.9
94.6
65.8
66.2
66.2
65.8
72.4
72.6
73.0
73.1
85.9
85.8
85.6
85.8
95
95
94
96
78.7
78.1
77.8
78.6
89.0
89.0
88.9
88.9
71.5 81.6 80.2
71.5 83.2 80.2
70.2 82.5 80.4
68.6 81.0 80.5
68.2 78.6 80.6
67.6 75.7 80.2
67.5 75.3 80.2
67.2 73.7 80.1
75.1 81.0 82.1
72.8
83.9
89.5
89.6
89.8
89.6
89.5
89.5
89.7
89.6
90.9
92.5
76.7
76.3
76.5
76.0
75.9
75.7
75.0
74.6
77.3
77.9
72.8
73.0
73.1
73.4
73.9
73.0
72.8
72.6
72.8
74.6
93.1
91.9
91.8
90.9
91.6
92.3
92.5
92.7
98.5
105.3
85.4
85.2
85.2
85.4
85.5
85.6
85.6
85.6
86.6
89.2
94.4
94.3
94.3
94.0
93.5
93.2
93.2
93.2
94.8
95.8
65.9
66.1
66.6
66.9
67.5
67.3
67.6
67.8
71.7
74.5
73.2
73.5
74.1
74.4
74.2
73.8
73.4
73.3
76.6
77.2
85.4
85.1
84.9
85.0
84.8
84.7
84.9
84.5
85.9
94
92
91
89
90
89
89
88
98
77.5
76.8
76.
76.6
76.5
76.3
76.5
75.1
79.0
89.1
89.1
89.1
89.1
89.1
89.1
89.3
89.5
90.2
96.1
65.3
70.8
81.6
87.4
95.0
70.4
74.8
82.3
89.1
98.9
56.2
61.7
81.8
84.4
94.5
60.7
72.9
75.9
85.3
78.3
77.6
77.5
77.0
81.8
81.1
80.5
80.2
72.0
70.9
71.5
70.9
74.7
75.9
76.2
75.2
68.1
66.8
67.8
67.6
53.0
50.8
50.9
54.4
74.5
73.5
74.1
73.1
76.9
76.9
76.7
76.2
76.2
75.6
75.4
75.0
79.1
79.1
80.0
80.2
80.2
80.1
79.9
79.6
79.2
79.1
81.9
82.5
70.9
70.9
70.1
68.5
68.9
67.7
67.8
66.5
72.6
71.9
74.9
74.4
74.6
74.4
74.3
74.1
74.4
74.5
81.8
83.4
67.2
67.2
65.8
63.7
63.7
62.4
62.6
61.0
68. 7
56.3
54.7
54.5
55.2
59.6
58.2
52.3
51.5
65.1
3
Retail prices
106.6 101.6 103.3 113.1
49.1 37.4 61.8 60.9
57.0 63.9 64.9 51.5
84.0 102.0 83.3 87.3
85.9 91.9 88.0 113.4
67.1
87.3
83.3
81.9
79.9
Index is as of the 1st of the following month.
3 Average for 4 weeks ended October 28.
SURVEY OF CURRENT BUSINESS
November 1939
Employment
a further subRISING industrialin activity broughtduring October,
- stantial gain
employment
expansion except in the plants of one manufacturer
where operations were curtailed by an industrial dispute.
according to preliminary data compiled by the Bureau
More complete data for September indicate that
of Labor Statistics. While the gains were widespread, total nonagricultural employment rose by more than
except in those few lines commonly experiencing marked 500,000 in that month. While this lifted total employseasonal recessions at this time of year, the aggregate ment to the highest level since December 1937, it rerise was somewhat less than that reported from August mained about 1,500,000 below September 2 years ago,
to September. Thus, current indications are that the which was the peak month since 1929. With a further
gain in factory employment last month over September sizable increase assured for October, the discrepancy
amounted to more than 200,000; this does not include between current employment and that in 1937 will be
considerable increases in many other industries for reduced considerably.
which statistics are not jet available. The increase in
Industries subject to the provisions of the Fair
factory employment in September over August was Labor Standards Act granted wage increases to about
about half again as large as the rise last month, and 050,000 workers on October 24, according to a report
since the middle of July the gain has amounted to more from the Department of Labor. Under the act minithan 700,000 workers. The improvement has consid- mum wages were increased from 25 cents to 30 cents
erably exceeded the usual seasonal movement over per hour except in the textile industries, where a minithis interval.
mum of 32% cents has been established. At the same
Among the more important manufacturing lines, time, an estimated total of 2,400,000 workers had their
large increases in employment during October were hours reduced from 44 to 42 per week, or started
indicated for the iron and steel industry, cotton and receiving overtime pay at one and one-half times the
woolen goods mills, meat packing, and electrical machin- regular rate for the hours worked above the maximum.
ery and equipment. The railroads reported a further The effect of these changes was felt most in the lumber,
increase in employment as traffic volumes expanded to furniture, textile, boot and shoe, cottonseed oil, and
the highest level since 1930. Employment in the auto- fertilizer industries.
mobile industry recorded the usual marked seasonal
EMPLOYMENT STATISTICS
Factory employment and pay rolls 1
Average factory
Retail trade, [ wages and hours
unadjusted
(National Industrial
Conference Board)
Employment
Tear and month
19291932:
1933:
1936:
1937:
1938:
1939:
September
September
September
September
September
September
October
November
December
January
February
March
April
___
May
June
July—
August.
September
Monthly average, January through September:
1929
>
1932
_...„..
1933
1936
1937
1938
1939
Pay rolls, unadjusted
Strikes
J
beginNonNonning
dura- All in- Dura- dura- EmHours
in
Weekly Hourly worked month
ble
ble
ble
Pay
goods goods ployearn- earnper
goods dusings
ings
week
indus- tries indus- indus- ment rolls
tries
tries
tries
Monthly avNumber
average 1923-25 = 100
erage
Dollars
1929 = 100
.594
48.8
99
29.01
101.7
114. 6
114.2
100.6
!j 108.2 i 106.5 I
48.
35.2
86
.480
'9.4
16.44
27 9
62.1
58.3
44.0
74.2
36.3
233
|| 67.8
97.1
. 536
19.41
61.3
46.0
78.4
58.7
80.6
40.7
234
93.4
109. 4
.619
I
25.18
87.2
80.1
95.1
66.6
86. 6
38.3
361
112. 2
108.3
.716
104.9
101.7
105.1
90.7
74. 4 27.39
Adjusted
Unadjusted
NonDura- duraDuraAll inble
All inble
ble
dusgoods goods dusgoods
tries indus- indus- tries industries
tries
tries
Monthly
110.3
66.1
85.0
103.8
112.3
109. 8
49.2
68.3
92.5
106. 8
92.0
92.4
93.3
94.0
Industrial disputes
Workers in- Manvolved, days
strikes idle
begin- durin;
ring
ning
nth
in
month
Thou- Thousands
sands of days_
274
22
030
20
3. 594
290
1, 063
66
1,450
89
107.3
64.4
82.8
101.6
110.3
75.9
79.7
82.9
83.8
110. 8
82 2
100. S
114.5
117.6
107.3
104. 6
103.1
103. 8
89.4
90.2
92.8
94.4
75.6
78.3
82.1
83.7
102.7
101.5
103.1
104. 7
81. C
84.2
84.4
87.1
68.1
74.6
77.6
79.6
96.7
94.9
92.1
95.4
84.7
85.9
86.9
98.1
69.4
70.8
71.5
79.2
25.73
26.14
26.32
26.02
.714
.714
.714
.713
36.2
36.7
36.9
36.6
222
256
207
177
96
53
43
38
92.2
93.6
94.3
94.1
93.0
93.4
93.5
96.4
100.1
82.3
83.3
84.1
84.8
84.0
84.6
82.9
84.1
89.7
101. 7
103.5
104.0
103.0
101. 6
101.8
103.6
108.1
109.9
94.6
94.3
94.0
93.8
93.3
94.3
95.3
96.0
97.4
84.4
84.2
83.7
83.9
82.9
83.9
84.7
85.5
S8.9
104.4
103.9
J03.8
103. 3
103. 3
104.2
105. 4
105. 9
105.5
83.7
76.0
86.0
77.7
87.6
79.4
85.5
79.5
85. 0
78.8
86.5
80.7
84.4
76.0
89.8 ! 81.6
93.7 ! 87.8
!
92.4
95.3
96.7
92.2
91.9
93.0
93.8
82.2
81.5
83.8
85. 5
85.7
86.4
83.6
82.4
87.1
69. 7
68.4
69.6
71.3
71.5
72.5
70.9
69.4
72.3
25.95
26.11
26.25
26.27
26.19
26.79
26.64
27. 29
27.58
.713
.713
.715
.717
.720
.721
.720
.721
.722
36.6
36.8
36.9
36.8
36.5
37.2
37.5
37.9
38.2
178
179
196
226
221
203
188
265
175
50
67
42
391
93
58
170
100.4
66.4
70.6
96.8
110.1
88.5
94.5
107.4
53.8
54.5
88.1
105.6
76.5
84.4
105. 5
78.3
85.9
105.0
114.4
99.9
104.1
84
79
155
190
447
237
203 i
28 I
34 !
108;
61
189 !
62 !
108
1
See footnote marked " t " on p. 25.
111.7
47.7
47.4
82.5
105.2
75.5
86.9
i
113.3
34.7
34.2
76.6
105.2
64.3
79.7
99.0
100.2
109.8
62.1
62.1
89.1
105.1
88.0
94 9
.589 j 48.7
98.1 ! 28. 73
34.4
.507
64.4 I 17.19
76.5
37.0
17.33
.472
52.8
73.0
39.3
24.17
.614
64.5
83.3
40.3
27.56
.685
71.7
88.1
33.7
23.93
.714
69.2
83.4
37.2
.718
70.6 26.56
84. 2
2
Adjusted for seasonal variations.
m. o
!
!
I
!
990
842
558
513
513
536
001
4,877
3, 516
936
1.137
900
750
1,122
1,250
982
2,843
804
1, 530
SURVEY OF CURRENT BUSINESS
November 1939
Foreign Trade
the developments which followed the outONE of of war in Europe and the sharp rise in prices
break
usual seasonal rise, was accounted for mainly by enlarged shipments of agricultural products. Though
of major import commodities in domestic markets was exports of grain, fresh fruit, and tobacco were much
the enlarged movement of imported goods from bonded smaller than in September 1938, exports of cotton were
customs warehouses. Withdrawals during September two-thirds more than the low volume of last year.
amounted to $44,110,000, which, together with direct Exports of coal, crude petroleum, iron and steel manuentries of $155,373,000, raised the total imports for con- factures, and chemicals during September also increased
sumption in September to $199,483,000 (11 percent over those of August.
above the August total) and represented the highest
Principally because of declines in shipments of motormonthly figure for imports for consumption this year. trucks and aircraft (influenced by the embargo) and of
The actual receipts of goods in the country increased some reduction in machinery exports, the value of ex3 percent (from $175,755,000 in August to $181,461,- ports of finished manufactures dropped about $4,400,000 in September), but were slightly higher than the 000 from August to a value of $129,415,000 in Septemaverage imports for the preceding 8 months of this year.
ber. The latter figure, however, is relatively high in
Most of the rise in the value of total imports for con- comparison with totals of $112,377,000 in September
sumption during September, as compared with both 1938 and $130,349,000 in September 1937. Exports
August 1939 and September 1938, was accounted for by of a wide variety of manufactured articles, including
large entries of a few principal commodities, including passenger automobiles, industrial machinery, iron and
sugar, whiskey, wines, raw silk, unmanufactured wool, steel products, refined mineral oils, rubber manufacand nickel, for each of which exceptional increases were tures, cotton manufactures, and chemicals, were larger
recorded in September. Moreover, imports of crude in value in September than in the corresponding month
rubber, newsprint, and tin were also decidedly above the of 1938.
totals of a year ago. These nine items represented
Keexports of imported merchandise also showed an
nearly 40 percent of the total imports in September unusual increase in September, having advanced to
1939, and 30 percent of the total in September 1938.
$4,533,000 from the August figure of $2,691,000. The
The increase of 15 percent in the value of United figures reveal much larger reshipments than usual of
States exports during September, approximating the crude rubber, vegetable oils, coffee, and cocoa.
EXPORTS AND IMPORTS
Exports of United States merchandise
Indexes
Tear and month
ExValue Value ports,
inof
of
total
total cluding
eximports, ports, reexad- 1 ad- 2 ports
justed justed
Crude materials
Total
Total
Un- Food- Semiman- stuffs, ni anufac- total ufac- Total
tures
tured
cotton
Monthly average 1923-25=100
1929: September
1932: September
1933: September
1936: September
1937: September
1938:
September
October
November
December
1939:
January
February
March
April
May
June
July
August
September
Cumulative January through
September:
1929
1932
1933
1936
1937
1938
1939
110
33
40
55
74
Imports!
Finished manufactures
Machinery
Automobiles,
parts,
and
accessories
Total
FinSemi- ished
Crude
mate- Food- man- manrials stuffs ufac- ufactures tures
Millions of dollars
76.4
32.1
45.3
37.8
39.0
70.9
20.4
18.7
23.3
26.7
57.7
15.9
21.3
32.1
55.4
190.9
45.9
53.9
89.7
130. 3
48.4
9.1
11.7
27 3
39.0
33.6
4.9
8.3
12.5
23.3
351.3
98.4
146.6
218.4
234.0
122.1
27.3
48.3
69.5
76.0
73.0
31.3
31.2
64.2
56.9
70.6
14.6
33.5
40.8
52.6
85. G
25.:;
33. 6
43. 9
48.5
437. 2
132.0
160.1
220. 5
296.6
431.8
129.5
157. 5
217.9
293. 4
112.3
47.4
63.6
72.8
80.9
62
60
58
67
246.3
277.9
252.2
268.8
243.6
274.3
249.7
26G.2
59.6
72.1
59.9
49.4
20.5
24.1
25.0
19.0
31.4
33.3
29.5
28.4
40.2
44.5
40.0
50.5
112. 5
124.4
120.4
137.9
36.6
38.7
34.6
40.9
14 2
17.3
25.4
29.2
172.9
178.5
171.7
165.5
52.4
53.7
52.4
53.5
49.1
48.4
46.8
44.0
33.6
35.8
35.2
35.3
37.9
40.6
37.3
32.8
55
63
70
64
70
70
69
72
72
212.9
218.6
268.4
230.9
249.3
236.1
229.6
250.8
288.6
210.3
216.0
264.6
227.6
245.9
233.4
226.7
248.1
284.0
36.4
36.5
40.1
26.0
30.2
25.7
29.7
36.5
66.8
15.0
13.7
17.0
9.2
7.5
6.2
6.0
11.9
35.7
31.1
26.6
28.0
23.6
26.9
19.5
19.7
24.3
28.8
35.5
34.9
45.7
41.0
48.2
48.5
46.0
53.5
59.0
107.4
118.1
150. 9
137.0
140.5
139.7
131.4
133.8
129.4
31.2
34.6
49.4
43.9
44.4
42.2
43.7
43.6
40.1
21.4
25.3
28.5
24.9
23.8
20.4
18.5
14.9
12.5
169.3
152.5
191. 2
185.8
194.2
178.4
170.5
180.4
199.5
53.9
48.1
59.5
54.9
62.3
54.7
50.0
61.0
67.6
43.4
41.6
54.5
49.1
51.9
50.2
49.6
48.4
57.9
37.2
34.0
38.8
37.9
39.9
38.6
36.9
35.7
38.3
34. y
28.8
38.4
43.8
40.4
34.8
33. 9
35.4
35.7
697.3
3, 778. 6
345.6
1,159. 7
364.4
1, 085. 3
418.2
.1, 706. 2
2, 338. 9 i 472.8
2, 268. 4 I 413.1
2,156. 7 ! 327.9
444. 5
227. 7
250. 9
210.7
240.1
160.6
122.0
557. 0
180. 5
131.1
150.2
173.4
341.8
228.5
558.2
149.5
159.9
290.3
508.1
370.9
412.2
1, 966.1
484.2
429. 9
847. 6
1,184. 6
1,142. 6
1,188.1
457. 6
100. 1
87.2
245. 9
352.1
372. 6
373.1
457.1
61.8
65. 4
174. 5
252. 0
199. 3
190.2
3, 360. 0 1,195. 0
1, 015. 7
274. 6
297. 8
1, 036. 6
1, 770. 0
533.5
2, 367. 4
764.3
1, 435. 3
416.9
1,621.8
512.0
745.0
313.3
309.3
542. 0
698. 6
431.7
446. 6
678.8
166.9
203.7
360.0
492.4
279.8
337.3
741. 2
261.0
225.8
334. 5
412.1
306. 9
326.2
115
32
48
70
3 115 3,843.7
1
3 35 11,187.r.5
3
3 6 1,105. 0
3 61 1, 734. 9
83 2,378.4
3 49 2,296.9
3
56 12,185.1
» o r
3 32
3 51
370
3 67
3 64
0-7
* General
imports through December 1933; imports for consumption thereafter.
187096—39
http://fraser.stlouisfed.org/ 2
Federal Reserve Bank of St. Louis
» Adjusted for seasonal variations.
» Monthly average of unadjusted indexes.
10
SURVEY OF CURRENT BUSINESS
November 1939
Domestic Trade
with the increases
C OINCIDENT sales have moved up in consumer
income, retail
considerably
the largest gains in sales over a year ago were recorded
for jewelry, furniture, lumber and building supplies,
and hardware. Independent grocery sales also recorded improvement, though not to the same degree
as chain groceries. Reflecting sharply higher prices
for a few important food products and consumer accumulations of certain staples, the seasonally adjusted
index of grocery chain-store sales in September was 6
percent above August, and the highest since the index
was first computed in 1929.
Department-store sales increased more than seasonally in September, the adjusted index rising 3 points to
92 (1923-25 = 100). Notwithstanding the sharp advance in cash income from farm marketings in September, rural sales of general merchandise (as indicated
by mail-order sales and the sales of a chain-store system which serves the rural population) did not record
all of the usual marked seasonal advance. Passengercar deliveries to dealers in September were not sufficient to test the new-car market, but the new models
have generally met with a good reception.
Wholesale sales valued at $253,688,000 were reported
by a list of more than 2,900 firms in September. On a
daily-average basis, the increase over August amounted
to more than one-fifth, a more-than-seasonal rise. For
these organizations, sales were about 16 percent larger
than a year ago; during the preceding several months,
the margin of gain averaged about 7 percent.
since the first of September. This improvement followed
a period of sustained sales of general merchandise and of
some expansion in the purchase of consumers' durable
goods. With the recent improvement, dollar sales of
general merchandise are close to those of mid-1937; as
prices are lower than those of 2 years ago, there appears
to be little difference in the volume movement. Sales
of consumers' durable goods generally, such as automobiles and electrical refrigerators, are still lower than
those of 1937.
The increase in sales in September as compared with
August was larger than usually occurs at this season;
also, the gain over a year ago widened, even though
sales at this time last year were recording a more-thanseasonal expansion. According to an estimate made
by this Bureau, total retail sales were about 9.5 percent
larger in September than a year earlier. In the first 9
months of the year, the total value of retail trade was
estimated at $26,900,000,000, a gain of about 7 percent
over the same period in 1938.
Sales reported by 22,000 independent retailers in
September gained by a slightly smaller percentage than
did sales for all retailers. This was largely the result of
the inclusion in the latter figures of data for chain
stores and mail-order houses, which have experienced
a better-than-average rise. Among the independents,
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Year and month
Chain-store sales
Com- Grocery stores Variety stores
Sales
Stocks i
bined
Unad- Ad- Unad- AdUnad- Ad- j Unad-i Adindex
just- just- just- just(Chain just- j just- just- justed »•
ed 3
ed
ed 3 Store Age) ed 2 | ed 3 ed a ed »
Failures
Liabilities
Avg. same
mo., 192931 = 100
Number
Thousands
of dol.
Monthly average, 1923-25=100
September
September
September
September
September
117
71
73
94
100
113
67
68
88
94
103
63
73
71
80
September
October
November
December
1939:
January
February
March
April
May
June
July
August
September
91
92
99
156
86
84
89
89
70
74
78
62
66 I
69
69
82
88
88
87
88
88
60
65
69
69
68
64
60
65
71
68
68
67
66
67
67
67
08
1929:
1932:
1933:
1936:
1937:
1938:
Monthly average,
January through
September:
1929__._
1932
1933
1936
1937
1938
1939
Value of
Rural sales of
general mer- new passen- Emger-car sales ploy- Pay
chandise
Unad-l Ad- ment rolls
Unad- Adjust- just- just- justed 2 ed »
ed » ed a
Monthly averaverage, 1929-31 = 100
age, 1929=100
Commercial
failures
* End of month.
97
66 !
58 :
64;
74
67 :
66 i
100
60
70
68
!
|
|
I
67 j
)
i
!
i
j
Monthly
101.6
81.8
80.6
93.0
94.7
;
!
|
j
103.7
83.4
82.3
94.9
96.6
109.4
108.0
109. 5
112.9
93.0
94.9
96.7
101.1
j
i
!
i
94.9
94. 4
96.7
98.1
107.5
108. 8 !
109.8 !
110.0
110.0
111.0 i
112.0 !
113.0 !
114.5 i
93.5
98. 7
100.5
102.0
102.9
100.8
97.6
99.0
106.9
i
!
j
I
i
i
'
'
96.4
98.2
99.5
99. 0
101.4
99.3
99 6
103.1
109.4
82.5
87.5
110.0
117.0
|
i
|
I
102.6 |
78.0
82.5 !
97. 9
99.8
94.1
98.5
98.2 I 96.7
102.2 I 100. 2
193.6 ; 104.9
73.6 !
79.7 !
85.0 !
97.6 |
96.3 !
95.8 !
91.3 !
89.5 '
9(5.1 I
100.
84. 9
82.3
104.3
111.8
lOfi. 1
110.7
94^0
95.7
93.0
100.2
107.4
81.7
86.4
102.4
104. 5
----."-:
95.5
74.7
73.4
88.3
91.6
86.2
89.5
'Adjusted for number of working days.
98.7
95. 5
98.8
97.1
96.3
100. 8
102. 6
101.0
100.5
134. 4
61.8
73.9
115.7
123.4
133.8
30.5
51.2
71.0
73.2
121.1
114.6
140.9 ! 108.5
147.2 ! 113.1
183.6 i 114.
37.1
55.1
99.1
96.1
133.0
61.2
73.2
122.3
130.4
91.3
100.1
115.0
120.2
120.5
120.0
91.1
107.2
132.6
!
i
i
j
!
!
i 112.9 !
i
! 58.2 |
;
j 57.5 |
'_ . ;
_ _
98.7 '
108.2
99.7
110.8 i
I
1
120.0
123.7
131.0
130.8
131.2
131.7
124.8
131.1
125.4
j 70.8
71.2
106. 7
106.3
107.1
101.2
87.5
63.7
56.0
;
i
j
|
!
I
|
i 162.3
i 40.7
i 47.3
: 106. 0
116.8;
61.0
85.6
101.9
75.6
80.3
88.0
93.0
141.5
31.0
52.0
83.0
105.0
60.0
85.0
100.0
92.5 |
91.0
96.0
88.0
79.5
79.0
79.0
80.5
76.5
83.0
I
!
!
j
!
!
|
103.3
60.1
58.7
70.5
78.3
88.5
89.1
89.8
90.0
74.3
75.1
75.4
75.7
997
984
875
14,341
13,219
12, 302
36, 528
88.3
87.9
87.4
87.3
87.2
88.1
87.9
89.0
90.5
75.5
74.6
74.7
74.8
74.9
75.7
75.9
76.1
77.7
1,263
963
1,057
1,064
1,028
847
885
859
758
19,122
12, 788
17,851
17,435
14,664
11,460
14,128
11, 259
9,402
! 99.0 |
65.5 !
! 55.4 ! 1,821
i 68.4 i 838
i 76.9 j 758
74.5 ! 1,109
75.5 I
969
43, 020
18, 208
13,884
20, 495
14, 234
99.1
77.2
74.2
85.6
91.5
88.5
88.2
Adjusted for seasonal variations.
1,075 j 16,663
609
12,906
584 i 9,818
11
SURVEY OF CUKRENT BUSINESS
November 1939
The Depreciation of the Pound Sterling
By August Maffry, Finance Division, Bureau of Foreign and Domestic Commerce
CONTRAST
the abrupt rise in
I Nexchange followingwith present EuropeanWorld sterling
the outbreak of the
War in
1914, the beginning of the
conflict was
The Fall of the Pound.
In the middle of February 1938 the pound was quoted
in New York at $5.04. At the beginning of September
attended by a continuation of the fall of the pound which 1939, following the imposition of exchange restrictions,
commenced early in 1938.1 The recent depreciation of the Bank of England fixed its official selling rate for
the pound sterling involved a decline in the dollar values dollars at $4.02; and some transactions took place in
of the currencies of countries which take three-fifths of the New York market during the month at prices as
United States exports and which supply one-half of low as $3.75. The depreciation of sterling over this
United States imports. These facts suggest the poten- 18-month period represented a loss of a fifth of its
tial significance of the fall of the pound for foreign trade. dollar value. (See table 1 andfig.6.)
The sharp breaks in quotations for the pound during
It is perhaps not too much to say that the decline of
sterling and associated currencies at the end of August 1938 and 1939, as opposed to the general downward
is one of the most important of the early effects of the trend, were unmistakably associated with war scares in
war in its possible repercussions upon the course of Europe and with the resulting movement of funds from
business in this country. The consequences of the fall London to New York. In March 1938, at the time of
of the pound must be interpreted, however, in the light the annexation of Austria by Germany and the Polish
of the basic forces at work, as well as of the circum- demands upon Lithuania, the rate fell below $4.95
from $5.02 at the first of the month. The events
stances which immediately preceded its depreciation.
leading up to the Four Power conference at Munich
were the occasion for a precipitous drop to $4.61 on
J In 1914 the pound rose abruptly during the first weeks of the war from its approximate parity with dollars. $4.87. to $7 as a result of a combination of circumstances.
September 28 from $4.86 on August 31. A loss of 13
The United States, then a debtor country, was obliged to meet substantial maturing
cents between November 7 and November 26 accomcommitments in London at the very time that British and other foreign investors in
domestic obligations were attempting to liquidate their holdings and convert the
panied the renewed tension over the dismemberment
proceeds into sterling and at the very time that the disruption of shipping stopped
of Czecho-Slovakia. Finally, the decline at the end of
both the shipment of cotton, a principal source of Veiling bills, and the export of
gold. When measures were taken to rectify the situation, the pound fell as sharply
August 1939 from $4.68 to $4.12 was a response to the
as it rose and reached $4.56, well below its lormer parity, in September 1915. Early
imminent outbreak of European war.
in 1916 it was pegged at $4.76 for the duration of the war.
Table 1.—The Position of Sterling, 1938-39: Dollar Rates of Exchange, Gold Movements, and Gold Reservias
Dollar rates of exchange (in cents per pound)
Forward discounts (range)
Month
Net gold exports or imports (—)
(in millions of dollars)
To (or from) United
States
Spot (average)
30 days
January . .
February
March
April .
United
States data
United
Kingdom
To (or
from) all
countries
Bank of
England
Exchange
equalization
account
Total
data
1938
_
_
May
90 days
Gold reserves (in millions of dollars)
June
_ _
Julv
August
September.. - . . .
October
November
December
.
. .
_ _
...
.--
.- .
..
. .
499.98
501. SO
498. 45
498. 12
496. 73
495. 80
492.91
488 08
480.38
476 85
470. 75
467. 03
0. 25-0. 31
22- 31
.22- .34
. 19- 22
.16- 25
. 19- . 31
. 19- 25
25- 31
. 3 1 - .88
.38- 81
.28- .63
.69-1 25
0 72-0 81
63- 78
.72- .81
. 56- 69
56- 75
. 31- . 69
31- 69
63- 75
. 75-2. 50
1 ()()_9 of)
1.06-1 81
1 69-2 63
466 94
468 57
468. 54
468. 05
468. 13
468. 24
46S 15
461.07
399. 51
.38- .94
31 - 50
.38- .88
.69-1 00
41- 78
. 38- 75
44- 69
53-2 25
1. 00-2. 00
1 38-2 50
1 06-1 53
1. 19-2.50
2 06-3 38
1 31-2 63
1 31-2 25
1 56-2 00
1 69-5 00
3. 00-5. 50
(!)
(1)
31.4
35 4
2 9
20 6
50
91 2
378. 0
443 4
99. 1
101 7
— 1. 5
—3 5
35.5
18. 5
5 2
20.8
10 5
93 7
360. 0
308 5
105. 2
97 4
—27.2
—51 4
-79.0
— 53 2
—97 5
—89. 6
— 24 1
73 1
261. 1
210 2
96 5
66 7
2,689
2 689
2. 689
2 689
2 690
2 690
2 690
2 69 J
2, 690
2 690
2 690
2 690
50 8
160 2
306. 8
357 5
2S7 8
127 3
1S9 1
934 4
36 5
148 0
260. 0
121 2
294 1
51 6
147 3
328 3
2 1 042
1 042
2 1.066
1 Ofifl
1 067
1067
2 i if;2
1 162
2
1
1,489
4,178
759
3,449
1,732
2, 798
1939
J a n u a r y ._
February
March
April...
May
June..
...
July
Ausrust
September..
___ _
_
._
._
__ _
_.
.
_
.
_ .__
_.
_ ..
___ ._ . . . .
. . . . . _.
._ .__
. . ... .
52 1
165 4
250. 0
384 9
302 7
128 2
177 8
163 7
162". 5
1
R e p o r t e d n e t exports were negligible.
2
Gold valued at $1,^48,000,000 was transferred from B a n k of E n g l a n d to Exchange E q u a l i z a t i o n Account on J a n . 6; $26,000,000 was transferred back to B a n k of E n g l a n d
on M a r . 1, a n d $94,000,000 on J u l y 12; $1,162,000,000 was transferred from B a n k c-f England 1o Exchange Equalization \<C;>unt »n Sept. 6.
Source: B o a r d of Governors of t h e Federal Reserve System.
12
SURVEY OF CURRENT BUSINESS
In the interval between March and late August 1939,
the dollar-pound rate deviated only fractionally from
$4.68. On August 25, after meeting large demands for
dollars at the cost of substantial losses of gold over a
period of several weeks, the British authorities withdrew
from the market. Quotations for sterling in New York
fell to $4.12 on August 28, then recovered to $4.40 at
the end of the month. Renewed weakness earned the
rate to $4,075 on September 5, when it was announced
November 1939
of sterling above the Bank of England's selling rate
before the close of the month. In the middle of October,
however, pounds were again exchanged for dollars in
New York at quotations below $4.02.
The events of the past 2 years indicate that large-scale
transfers of liquid funds, coinciding with political developments in Europe, were the occasions for successive
declines in the value of the pound. The depreciation of
sterling might be attributed to the erratic movement of
DOLLARS PER POUND
5.20
MILLIONS OF DOLLARS
5.00
4.80
STERUNG-DOLLAR RATE //V NEW Y0RK\
-*-Left Sco/e
4.60
4.40
500
4.20
400
\BANK OF ENGLAND
(OFFICIAL RATE
4.00
300
A/£T GOLD EXPORTS
FROM UNITED KINGDOM
TO UNITED STATES - ^
Right Scale -*-
) 1
I
JAN.
200
i l l B l —i l l M i l
FEB. MAR. APR
MAY JUNE
JULY
1938
AUG. SEPT.
OCT.
n
100
i
I
NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE JULY
1939
AUG. SEPT.
I
I
I
OCT. NOV. DEC.
p.p. 39 ~
259
Figure 6.—Sterling Exchange in New York by Weeks and Net Gold Exports from the United Kingdom to the United States by Months, 1938 and 1939.
(Board of Governors of the Federal Reserve System.)
that the official selling and buying rates of the Bank of
England for the transfer of American-owned pre-war
sterling balances and for approved trade transactions
between the United States and the Empire would be
fixed at $4.02 and $4.06. (The buying rate was lowered
to $4.04 on September 14.) Offerings of pounds in this
market rather than in London, because of temporary
confusion regarding the privileges of American holders
of sterling, and offerings here by foreign holders of
sterling who wrere not entitled to these privileges
brought some trading to New York. Prices varied
considerably and ranged down to $3.75 on September
18. The subsequent rise in quotations brought the price
capital under purely speculative influences without
regard to commercial factors. It is significant, nevertheless, that the pound had been vulnerable to speculative pressure since early in 1938 and that insufficient
commercial support was forthcoming when the rate
weakened to reverse the downward trend. The support
for the currency came largely from another source—
that is, from gold operations of impressive size.
The Loss of Gold.
At the end of March 1938 the combined gold holdings
of the Bank of England and the British Exchange
Equilization Account were $4,178,000,000. (See table
November 1939
SURVEY OF CUKRENT BUSINESS
1.) Of these reserves a very large part represented a
deliberate accumulation against the short-term funds
which had been flowing into London over the several
preceding years. At the end of March 1939, the last
date for which comparable data are available, their
holdings had decreased to $2,798,000,000. These gold
losses, amounting to $1,380,000,000, had their approximate counterpart in exports to the United States from
the United Kingdom, which, according to British
statistics, aggregated $1,538,000,000 during the same
period. Further heavy losses of gold since March are
indicated by shipments from London to New York,
which totaled $1,189,000,000 in the 5 months ended
August 31. Some portion of this huge transfer of gold
must be regarded as the expatriation of British and
other foreign-owned gold reserves to be placed under
earmark in the United States, but the actual amount of
gold which passed from British ownership or from British
control was extraordinarily large.
The strength of the pressure upon sterling at various
times during the past 2 years, as well as the willingness
of the British authorities to release gold in support of
the currency, may be gauged roughly by the size of gold
shipments from London to New York. In the first
part of 1938 the movement of gold was small or negligible. During September and October, as the Sudeten
crisis ran its course, the transfer involved $669,000,000,
despite the fact that the sterling-dollar rate was permitted to fall sharply when the tension was at its height.
After ranging from around $100,000,000 in November
and December to $50,000,000 in January 1939, the
movement gained momentum. (See fig. 6.) It increased sharply to $160,000,000 in February and to
$307,000,000 in March, in the course of which the
pound was pegged at approximately $4.68. This
attempt to maintain an almost rigid dollar value for the
currency was followed by gold exports to the United
States of $358,000,000 in April, of $288,000,000 in
May, and by additional losses aggregating $544,000,000
in the period from June through August.
These gold losses over an extended period of time
and the acceleration of the outflow during 1939 were
followed late in August by the decision on the part of
the British authorities to allow the pound to depreciate. Further measures of exchange control were
instituted a week later, when the pound was pegged
at $4.02.
Regarding the level of the exchange rate, there were
clear advantages to maintaining the pound at a high
level in order to reduce the cost in pounds of acquiring
war supplies outside the sterling area and to obviate a
direct influence toward an internal rise in prices. This
aspect of the matter runs through the whole problem of
financing a war: through the problem of raising tax
revenues and loans and the problem of keeping the
13
national debt within manageable limits. If the British
Government had been prepared to institute rigid exchange control prior to the declaration of war, {he
value of the pound could have been fixed at the existing level (as it was, substantially, during the World
War). As matters stood, however, the defense of the
pound at the stabilized rate of $4.68 was resulting in
the dissipation of gold and foreign-exchange resources—
resources which had been acquired, it should be noted,
in consequence of an inflow of capital funds.
The question as to whether the depreciation of the
pound will result in significant competitive advantages
for British goods and services in foreign markets is not
easy to resolve. It must be recognized in this connection that the downward adjustment of a currency may
be an appropriate device for the purpose and, as will be
developed later, that the balance of payments of the
United Kingdom, according to Board of Trade estimates, has shown substantial deficits on trade and
service account in recent years. Even before the
outbreak of war, the rearmament program had entailed the diversion of manufacturing facilities from
production for export to production for national
defense. Control measures imposed to aid in the
prosecution of the war included a provision for export
licenses. The extent to which price concessions
resulting from exchange depreciation were regarded as
either necessary to maintain foreign markets for what
products the United Kingdom can spare or as desirable
in the case of products for which British countries are
the principal or sole sources of supply is a matter for
conjecture.
The Mobilization of External Resources.
In January 1939 the Bank of England transferred
£350,000,000 ($1,648,000,000) of gold to the Exchange
Equalization Account. This action was taken in
conjunction with measures designed to curb speculation
in exchange and in gold and served to replenish the
Account's holdings of gold, which had been seriously
depleted during the last half of 1938. In September
the mobilization of gold reserves was completed by
the transfer of the remainder of the gold in the Bank of
England to the Exchange Equalization Account and
by the requirement that all gold (and foreign exchange
as well) held by persons resident in Great Britain be
sold to the Treasury. The export of gold was prohibited.
Since the amount of gold in the possession of the
Exchange Equalization Account at the time the second
transfer was effected is not known, the aggregate value
of the gold at the disposition of the British Government
cannot be reckoned with any accuracy. At a minimum
it includes the holdings of the Bank of England at the
end of August, $1,162,000,000, in addition to gold in
14
SURVEY OF CURRENT BUSINESS
the Account.2 A portion of these reserves had already
been expatriated to earmarked accounts in the United
States and Canada or been purchased in South Africa
and earmarked there. So long as there is no change
in the gold policy of the United States Treasury, the
balance, as well as the amounts held under earmark,
can be surrendered to this country at the discretion of
the British authorities.
Finally, in respect of gold, production in British
countries (excluding Canada), placed at $580,000,000 in
1938, might at first glance be considered as an added
resource. Nevertheless, new production, plus dishoarding by India, has not been sufficient in recent
years to cover net payments by British countries to the
rest of the world on account of trade in goods and
services.3 Whether it will be possible so to reduce
ordinary commercial payments to non-British countries
or so to increase ordinary commercial receipts from such
countries that gold currently produced can be devoted
in part to extraordinary war needs rather than wholly
to usual peace-time requirements is a matter for
conjecture.
In April 1939 an unofficial ban on the purchase of
foreign securities was imposed by the British Government, and in June a census was taken of American
and Netherland securities held by British investment
trusts and insurance companies. In August, restrictions were placed on the sale or transfer of securities
payable in the currencies of nine countries, one of which
was the United States. At the same time, holders of
such securities were required to register their holdings
with the Bank of England. Thus the British authorities are fully prepared, if it should be found necessary,
to utilize oversea investments to finance purchases of
foreign materials.
British investments in the United States have been
estimated by the Department of Commerce at $2,300,000,000 to $2,400,000,000. The total covers dollar
balances, including official balances, reported at
$600,000,000 at the end of June 1939, and private longterm investments amounting to $1,700,000,000 to
$1,800,000,000. Of the latter, British-controlled American enterprises represent an investment of nearly
$700,000,000; the remainder, with the exception of
certain miscellaneous investments, consists of holdings
of stocks and bonds. According to unofficial sources,
' T h e Exchange Equalization Account held gold valued at $1,732,000,000 at the
end of March. Between the end of March and the end of August net experts of
gold from the United Kingdom were reported at $942,000,000. The actual loss of gold
by the Account during this period could be reckoned by adding to the figure for net
exports (1) imports of gold involving no change in ownership (as, for example, in the
case of the shipment of centra! bank reserves to London for safekeeping) and (2) purchases of gold in the London market for hoarding purposes, and deducting (!) gold
exported by the Account to be placed under eaimark abroad or purchased ab,oa'l
and held under earmark, (2) exports of gold involving no change in ownership (as, for
example, in the case of central bank reserves transferred to New York for greater
safety), and (3) sales of gold in the London market out of private hoards. The data
necessary for the calculation are, of course, not available; but it is probable that the
deductions would exceed the additions by a considerable margin for the period in
question.
3 See de Vegh, Imre, The Pound Sterling (New York: Scudder, Stevens,, and
Qljjrk, 1939), p. 84.
November 1939
aggregate British long-term oversea investments were
£3,800,000,000 at the end of 1936. Approximately
60 percent of the investments were in British countries;
40 percent were in foreign countries, including the
United States.
Significance of the Fall of Sterling.
Trade returns for recent periods show that well over
half of the imports into the United Kingdom originated
in countries belonging to the sterling-currency bloc
and that more than two-thirds of the exports from the
United Kingdom were destined to the same countries.
The sterling exchange area has, however, been reduced
as a result of the fall of the pound in terms of dollars
and of gold. For example, the currencies of the Scandinavian and Baltic countries broke their previous ties
with sterling in September, although all weakened
against dollars. Quotations for the Canadian dollar in
New York fell by approximately 10 percent during the
month, as compared with the 15-percent decline in the
value of the pound. Other British countries, including
Australia, New Zealand, India, and South Africa, kept
their currencies rigidly pegged to sterling in the course
of its decline after August 24; and, among non-British
units, the French franc and the Japanese yen depreciated in terms of dollars to the same extent as the pound.
The belga, which has a fixed gold value, also the guilder
and the Swiss franc, both of which had previously
broken away from sterling, fluctuated within narrow
limits around their prevailing dollar equivalents following the depreciation of the pound at the end of August.
Trade between the United Kingdom and countries
whose currencies remained linked with sterling, as well
as trade among such countries, is affected by the depreciation cf sterling only because of the alteration in the
terms of trade between the sterling exchange area and
the rest of the w^orld. Even with the defections from the
sterling currency bloc taken into account, a large proportion of the trade of the United Kingdom (approximately
45 percent of the imports and nearly 60 percent of the
exports, according to trade returns for recent periods)
will still be carried on with countries in the sterling
exchange area; and, apart from war requirements, the
proportion would be expected to increase as a result of
the depreciation of the pound. Moreover, the greater
self-sufficiency of the British Empire in essential supplies and the existence of substantial accumulated
stocks of war materials are factors to be considered in
appraising the demand for commodities from nonBritish countries.
From the point of view of the United States, the fall of
the pound involved a decline in the dollar values of the
currencies of countries which take three-fifths of United
States exports and which supply one-half of United
States imports. Furthermore, the terms of competition
between American products and Empire products
within the sterling exchange area have been altered, for
the present, in favor of the latter.
15
SURVEY OF CURRENT BUSINESS
November 1939
It may be taken for granted that the British and
Empire authorities will seek to maintain and increase
export trade between the sterling area and the rest of
the world to the degree consistent with wartime
exigencies. Nevertheless, whatever judgment might
be rendered under other circumstances upon the efficacy
of currency depreciation as a stimulus to exports, the
difficulties of supply and transport are likely to preclude any increase in exports from the United Kingdom.
The position of Empire countries, which are important
suppliers of raw materials to the world market, is
clearly different; even so, the extent of industrial recovery in countries outside the sterling area, especially in
the United States, may have a much greater effect upon
their export trade than price adjustments growing out
of the depreciation of sterling.
On the side of imports into British countries, the fall
of the pound has had the immediate consequence of increasing their cost in terms of the currencies of the sterling bloc. This circumstance will serve to reinforce import restrictions and higher excise taxes upon imported
products. At the same time, as pointed out above, it
raises the sterling cost of foreign materials and gives
impetus to the increase in domestic prices and the cost
of living. The actual course of import trade into the
United Kingdom, and into British countries certainly
cannot be projected into the future with any confidence,
although it would seem that imports of nonessential
goods will be sharply curtailed. Purchases of supplies
necessary to the prosecution of the war or to the support of the civilian population, on the other hand, may
be greatly expanded.
Balances of Payments of the United Kingdom and the
Sterling Area.
As is well known, the balance of payments of the
United Kingdom shows an excess of merchandise imports which are paid for by the sale of services and by
the income from British oversea investments. In only
1 year since 1931 has there been an excess of receipts
on current account—that is, an excess of receipts for
services (including the return on oversea investments)
over payments for goods imported. (See table 2.)
In each of the years 1937 and 1938, the excess of payments on current account was placed at £55,000,000.
Since there have been no additions to British gold
holdings over this period as a result of net receipts from
abroad on trade and service account, the influx of gold
into the United Kingdom in 1932-37 must have had as
its counterparts an inflow of foreign funds, on the one
hand, and a repatriation of British capital, on the
other.
Table 2.—Partial Balances of Payments of the United Kingdom and the Sterling Area, 1931-38
[ID millions of pounds]
Item
1931
1932
1933
1934
1935
1936
1937
1938
UNITED KINGDOM
408
304
287
236
263
263
294
287
261
293
345
327
442
386
377
322
104
51
0
7
132
18
56
55
Kxcess of merchandise imports (payments to countries outside sterling area)
_. _
Net income from services, including income from oversea investments (receipts from countries outside
sterling area)
. . . . . _.
.
474
,s
252
295
321
441
472
168
113
145
165
:;:
200
260
202
Net payments to countries outside sterling area on current account
Oold production and gold dishoarding
306
95
185
147
107
127
130
137
124
130
121
126
181
119
270
125
211
38
i 20
16
15
62
145
Excess of merchandise imports (payments to other countries) . ._. .
_.
Net income from oversea investments; net income from sale of services (receipts from other countries)..
Net payments to other countries on current account
STERLING AREA (INCLUDING UNITED KINGDOM)
._ - . _. .
Excess of payments on current account over gold production and dishoardins:
.__
..
1
Excess of receipts.
Source: Data for the United Kingdom are official estimates; those for the sterling area are from de Vegh, The Pound Sterling (New York: Scudder, Stevens, and Clark,
1939), pp. 116-130. Because of inherent difficulties of compilation and estimation, the data are subject in either case to a considerable margin of error.
As a result of the building up of foreign balances in
London, a considerable part of the gold stock held in
the United Kingdom came to be hypothecated to foreigners and was subject to withdrawal at any time.
Furthermore, the deficits arising from the exchange of
goods and services indicate that the United Kingdom
was either drawing upon British capital invested overseas to balance its international accounts or else
utilizing foreign funds of an essentially short-term
nature for the purpose—whether one or the other
cannot be ascertained in the absence of adequate statistical data. If the first possibility prevailed, the
mass of oversea investment was being depleted in the
face of other influences tending to reduce their yield;
if the second, a short-term liability was being created
Digitized forwithout a corresponding addition to gold reserves.
FRASER
A partial summary of transactions between the
whole sterling area 4 and the rest of the world, which
is in many respects more fundamental for the position
of sterling than the balance of payments of the United
Kingdom alone, indicates that a principal support for
the pound lies in the maintenance of an external
market for gold at its established price. Even with
gold production and gold dishoarding set against the
excess of payments by the sterling area to the rest of
the world on current account (that is, for goods and
services) there has been in recent years a very substantial deficit to be covered in other ways. (See
table 2.)
4
For balance-of-payments purposes, the sterling area is defined to include countries
which keep all or an important part of their monetary reserves in the form of sterling
balances, See de Vegh, op. cit.t P 4 et seq.
10
SURVEY OF CURRENT BUSINESS
November 1939
NEW OR REVISED SERIES
Table 46.—TOTAL EXPORTS OF MEATS AND MEAT PRODUCTS, INCLUDING LARD »
[Thousands of pounds]
Month
January
February
March
April
1913
97, 938
113,169
104,940
89,164
89, 867
82,134
87, 730
89, 617
80,913
84 270
86,157
92,168
.
May
June
July._
_
August
September
October
November
December
.
....
. .. .
Total
1,098, 068
Monthly average
1914
1915
135,316
150. 6S8
203.258
153, 222
124,381
185, 714
138, 975
124,318
127,870
132 923
134,989
178,432
1916
150,129
186, 806
140,013
160,403
180,238
160, 244
100,452
108,035
120,483
123,165
139, 422
179, 331
1917
1918
230,163
148, 810
198,176
188, 455
174. 030
136,466
65,102
112,232
109, 709
73 301
112,021
127, 556
137, 314
144,190
385, 082
353, 384
366, 057
250,632
302, 630
235, 866
160,135
175 694
204, 723
253, 043
1919
235, 517
265, 679
366,354
381,832
207, 768
434,491
261, 491
197, 356
133, 943
158 215
155,424
161, 238
1920
1921
166,208
166, 241
200,174
113,446
153,080
162,064
108, 970
73, 903
109,980
129 154
140,961
197, 713
174.174
159,166
149,421
124, 750
117, 246
137, 718
180,451
183, 716
181,407
105 152
96,160
110,240
1922
1923
204,901
173, 236
196,156
173, 848
176, 343
141, 453
151, 354
172, 660
182, 516
169 125
169, 903
201, 306
136, 943
148, 543
136,163
99, 201
109,087
129,190
143, 570
140, 212
131,433
137 667
134, 272
164, 635
1924
1925
157,155
126, 911
136, 230
94.444
117, 537
112,953
100,947
93, 470
113,538
92 396
85, 597
124, 529
139, 633
117, 755
113, 904
110, 803
101,358
93, 755
81, 636
96, 807
104, 237
86 283
83, 233
101,174
947, 832 1, 790, 085 1, 748, 722 1, 676, 021 2, 968, 750 2, 959, 307 1, 721, 894 1, 719, 602 1, 610, 918 2,112, 801 1,814,596 1, 355, 707
1,230,578
107, 517
79, 618
76,190 |
66, 507
72,120
73, 019
58, 692
61, 864
72. 549
86 511
102. 016
91, 230
237,064
205, 629
188, 698
151,389
124, 938
116, 557
155,105
146, 359
127,184
126 022
102, 981
132, 669
Month
149,174
145, 727
139,668
247, 396
246, 609
143, 491
143,300
134, 243
176, 067
151, 216
112, 976
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
114.382
106,107
107,527
85, 025
101,084
89,253
83,104
SI, 483
63,005
65, 146
71 531
68. 4P1
95, 065
90.550
81, 962
66. 773
62, 082
59 815
5(5, 029
55. 366
94, 527
71, 235
65, 000
56. 727
62, 531
50,452
58,414
65] 420
50 763
84.119
75, 970
81,825
58, 562
52. 345
59, 422
63, 254
54, 543
49, 104
59, 813
69, l 2-16
53 Kr>
f'»5, 70S
71, 098
58,977
61,056
56, 506
87. 154
63.341
59.641
5f>, 458
50, 408
43, 036
43 652
34, 753
30. 088
24, 975
20,008
26 817
10 357
18, 036
15. 754
11,020
13,046
20 630
17, 313
19, 674
16, 023
21, 733
18,932
24, 352
23, 813
22, 438
18,501
18, 020
21, 967
22 050
19, 937
16. 929
14,252
18,412
19.421
24. 700
19 365
17. 826
16,597
17, 949
28, 949
30 901
35,179
31, 765
27, 752
29, 920
27, 219
34, 705
30 652
27, 507
22,197
31, 037
33, 762
32 562
33, 825
1.090,471 1,181. 798 1.293, 397 1, 036, 319
91, 506
831.601
743,167
815 677
F.8R 984
252, 706 !
247,529
260,478
362, 903
61, 931
67, 973
57,190
21,059
20, 627
21, 707
30, 242
78.986
1927
January.
February .... ...
March
..
April
May
June
July
Ausrust
_ . __ -.
September
October
November
December
93. 882
82, 882
85. 777
101,605
99, 533
105. 665
84. 590
81,929
99 O'?7
80, 899
77 044
97 630
Total
Monthly average
1926
90,873
106, 951
117, 593
126,533
93,615
02 941
92.017
92. 996
89, 968
7^ 930
H2 393
96 64 n
117 215
98.483
130,488
102, 265
112.507
98, 331
105, 907
107, 471
105, 397
95, 910
93, 404
106,701
12? 947
P ° 060
107, 783
86. 360
69,300
C)0] 746
72 910
77 300
!
22 OfiS
102, 548
1939
41,913
36, 785
38, 535
30, 281
42 352
42 844
47, 951
38, 554
40,118
!
N e w series. D a t a are compiled b y t h e U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, a n d comprise exports of beef, veal, pork, m u t t o n , a n d
l a m b , a n d horse m e a t , a n d their p r o d u c t s . I n c l u d e d are fresh a n d frozen m e a t s , canned, cured, or otherwise processed m e a t s , a n d lard.
Table 47.—EXPORTS OF LARD INCLUDING NEUTRAL LARD l
[Thousands of pounds]
Month
January
February
March
\ pril
1913
May
June
July
- -A.ugust
September
October
_ . _ ..
November
. _.
December
Total
Monthly average........
Month
Tanuarv
Fcbruarv
March
Vpril
1916
1917
1918
50, 460
66,398
54,635
45, 464
50. 974
44, 231
43,680
43,182
39, 509
41,412
45, 487
50.061
59,364
37, 593
40 573
32,131
37 730
40, 058
26, 002
26 795
30, 049
48,828
43,028
37,66!
57, 697
58, 622
72,151
44,860
^3 5o7
32. 303
22,749
26.576
36.717
45,044
39.577
41 860
50, OH
50 092
27, 632
94 446
35,070
30. 846
35.921
50,745
4?1 981
67, 22S
40, 677
61.120
46 378
32. 213
21, 757
10.101
23 740
2?. 174
9. 927
30, 742
13.0S8
20, 745
31.941
f>8. 778
54 451
SO.056
31.023
70,944
52 545
33.390
46,177
27, 337
37, 739
37,931
69,125 •
100,802
92 129
56,854
117.194
70 773
51!07638. 406
42, 750
42,878
63,939
30,419
37,170
73,001
43,697
60,143
47,173
48, 945
32, 198
48, 198
55,846
58,409
91,288
79,810
94, 685
83, 683
54,439
51,307
69,893
84. 800
90,027
107, 530
58. 070
52.593
66. 056
459.813
486,G76
453. 924
382 145
555.125
783,859
635, 488
892, 892
47, 9,'8
38,318
40, 550
37, 827
31.845
46, 260
65, 322
52, 957
74, 408
65, 621
1927
1928
1929
1930
1931
1932
1933
1934
1935
?iQ, 649
1919
1920
1921
1923
1922
1924
1925
1926
111,157
91,536
112,141
88, 601
95 343
65,788
70.291
85. 082
85,194
77. 646
76, 020
100,712
136.154
102, 396
102,955
75,348
65,480
61,860
89,155
77, 737
67, 273
62,112
51, 560
79,430
80, 546
61.476
64, 250
46,018
72,408
61,192
51, 645
47, 585
64, 407
46, 569
40,918
70,669
78, 79B
66.599
65, 989
64 919
59, 867
57.614
47,117
55,475
62, 866
48, 547
44. 968
64,322
787,447 1,059,510
971,460
707, 683
717, 077
88, 293
80,955
58,974
59, 756
1936
1937
1938
74, 473
78,091
65,633
43,729
51,993
58,957
68, 246
70. 600
62,718
68, 095
63,799
81,112
1939
1
... „
May
June
_
July
August
September
October
November
December _.
1915
575,492
._.
1914
-. -
..........
Total
Monthly average
61 395
51.615
54, 814
69 991
66 314
68,445
48, 379
51,919
61, 282
52, 026
50, 894
64, 625
72, 754
82, 448
83,496
58, 625
58 255
55, 495
54, 752
52, 284
47,614
60,958
69, 263
87, 529
92 262
67, 896
72, 745
60,168
65,493
68, 266
66,440
57,077
59, 737
71,814
84, 440
81, 530
75 187
67', 625
51 201
63,617
57, 698
52 442
50,282
38,494
42,026
43, 588
46,, 281
69 825
69,558
59,419
45 605
40,513
38,395
34 697
35, 278
38,174
44,098
36,000
66, 732
60 343
67, 287
43, 773
36 612
41,519
45.807
35,623
35, 524
45,123
53. 840
30,344
50, 359
78,997
f>8, 264
48,113
39,180
46. 277
38, 213
36, 628
36,195
49,020
50,296
47, 784
55', 271
51,584
37, 111
29, 845
39,642
66, 623
41,413
33,860
29, 755
31. 701
27,096
19,965
16,295
17,777
16,007
10,782
7, 369
9, 831
6,963
4, 953
3,470
1,553
2, 769
7,988
7,898
10 161
7,570
11,566
9, 535
10,974
11,140
7,555
6,119
7.876
10, 536
9,663
9,473
8,855
4, 518
7,376
8,290
13,603
9,847
7,824
7,200
9,808
18, 695
18,467
22, 295
20, 453
16,284
16,047
15, 508
20, 340
17,179
12,881
10,842
18, 790
21,071
16.009
19,198
701, 699
783,472
847,868
656,018
578,296
552,154
584,238
434,892
97,359
112,168
136,778
204,603
58,475
65, 289
70,656
54,668
48,191
46,013
48, 687
36, 241
8,113
9,347
11,398
17,050
1
28 520
24,483
22,157
17,531
25.303
22,682
25.339
22,848
24,693
'
1
Revised series. D a t a are compiled b y t h e U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Beginning J a n u a r y 1938, t h e r e p o r t e d figures include
n e u t r a l l a r d , w h i c h p r e v i o u s l y w a s r e p o r t e d separately a n d w h i e n was n o t included in the S u r v e y series. T o p r o v i d e a c o m p a r a b l e series, t h e d a t a for n e u t r a l lard h a v e been
a d d e d in for t h e period 1913-37.
17
SURVEY OF CURRENT BUSINESS
November 1939
Table 48.—EXPORTS OF COTTON CLOTH 1
[Thousands of square van s
i
Month
1919
1920
1921
1922
1923
1924
61, 702
55, 502
40, 907
38, 814
44, 783
61, 777
48, 338
63, 496
64, 456
65,185
74, 996
63, 090
71,038
79, 377
87,711
80, 276
90, 046
79, 402
60, 265
47, 030
54, 446
66, 272
58, 593
44, 293
37, 480
30, 085
32, 976
36, 772
39, 767
48, 395
49, 668
56, 369
62, 261
64, 489
53, 422
39, 830
31, 038
32, 707
48, 407
51, 642
60, 448
62, 773
60, 238
50, 073
52,153
50, 985
45, 930
41, 099
38, 893
36, 751
48, 891
44, 741
36, 335
35, 066
30, 288
38. 550
37, 998
44, 795
37,159
35, 051
28, 444
29, 095
30, 575
32, 622
44, 763
39, 349
37, 390
49, 367
43, 224
53,113
46, 517
43, 357
683, 045
818, 751
551, 513
587, 493
464, 520
56, 920
68, 229
45, 959
48, 95S
38, 710
1931
1933
1933
1934
1935
39, 390
32, 250
36, 419
36, 969
38, 740
36, 061
35, 610
34, 355
32, 702
34, 972
29, 332
29, 485
31, 709
25, 251
33, 479
30, 954
31, 052
34, 553
35, 399
30, 487
25, 851
29, 993
27, 378
30, 851
28, 350
31, 004
38, 243
44, 165
39. 857
30, 041
33, 992
24, 272
25, 330
24,103
25, 502
30, 588
34, 436
34, 330
39, 562
28,211
27, 447
30, 414
28, 983
18, 277
13, 876
13,272
15, 157
18, 075
17, 058
20, 265
22, 717
23, 830
22, 933
21,418
15, 761
14, 565
17, 458
16, 614
17, 061
16, 625
564, 447
416, 285
366, 959
375,447 i 302.042
47, 037
34, 690
30, 580
25,170
1916
1917
1918
68, 032
51, 897
54, 322
48,165
62, 839
71, 750
48, 535
55, 245
65, 092
59, 591
70, 291
108, 862
518, 338
45, 43A
44, 253
48, 455
46, 830
48, 806
53, 292
46, 234
53, 430
57,198
64, 565
57, 614
54,147
620, 256
764, 6:>2
53, 527
43, 466
41,139
45, 049
48, 469
45, 660
45, 660
44, 737
35,199
42,181
54,129
44, 958
544,175
43,195
51, 688
63, 718
45, 348
1927
1928
1929
1930
40,133
36, 581
45, 061
54, 261
52, 518
49, 233
51,612
48, 253
51, 767
44 874
47, 530
43,198
36, 771
34, 778
44, 605
41, 503
46,168
48, 395
47, 105
45, 504
35, 851
57 557
55, 607
53, 001
57,111
52, 118
60, 863
49, 892
46, 900
45, 215
51,332
42, 663
43,106
44 124
36, 201
34, 894
565, 021
546, 847
47, 085
45, 571
1913
1914
1915
June
July
August _
September
October
November
December
34, 623
39, 858
38, 081
39,124
43, 654
40, 845
38, 978
33, 567
40, 672
44, 248
35, 957
37, 071
28, 773
29, 556
31, 770
32, 457
29, 939
31, 873
28, 253
12, 686
23, 795
28,162
22, 790
26, 425
42, 673
32, 718
38, 467
49, 378
43, 670
47, 929
50, 235
42, 210
40, 568
43,741
41,707
45, 044
Total
466, 677
326, 478
38, 890
27, 206
January
February
March
April .
May
Monthly average
Month
January
February
March
A pril
Mav
June
July
August
September
October
November
December.
_ _
Total
Monthly average
31, 287
1925
1926
41,151
37, 748
41, 448
52, 395
43, 520
41,321
49, 214
38, 508
46, 267
37, 769
43, 452
40, 505
477, 815
51, 819
39, 660
51, 522
52, 378
47,108
37, 367
41, 761
44, 491
42, 366
44, 887
43, 084
46, 874
543, 317
513, 300
39, 818
45, 276
42, 775
1936
1937
1938
15, 659
16, 033
18, 894
16, 458
16, 649
13, 799
14, 648
13, 889
14, 278
15, 710
17.017
12, 531
15, 670
15, 560
21, 863
19, 897
19, 002
17, 013
17, 396
16, 640
14, 701
15, 559
13,117
14, 085
14, 808
16, 243
20, 710
16, 916
17, 630
15, 836
14, 909
17, 094
18, 012
26, 796
24, 603
22,152
24, 848
24, 101
34, 047
28, 128
25, 244
20, 660
20, 229
21, 362
25, 073
26, 944
26, 329
28, 634
226, 306
185, 565
200, 501
225, 709
305, 597
18, 859
15,464
16, 708
18, 809
25, 466
1939
20, 768
27, 618
33,135
29, 726
23, 980
26, 982
28, 674
23, 878
30, 023
1
Revised series. Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Exports comprise unbleached, bleached, and colored cotton
cloth, and cotton tire fabric. Data have been revised beginning January 1927 to include cotton tire fabric, and since January 1928 to include heavy filter, paper dryer, hose
and belting duck. Prior to these years they did not appear as separate classifications but were included with cotton duck. For the years 1933 and 1934 a small amount of
cotton and silk mixtures (chief value cotton) has been added which was formerly excluded. In the period 1935-38, exports of cotton cloth, duck and tire fabric accounted for
approximately two-thirds of the value of exports of all cotton finished manufactures and for a somewhat larger proportion in earlier years. Prior to January 1922, the data
were reported in linear yards, but the difference between this and the present measurement is small.
Table 49.—CONSTRUCTION CONTRACTS AWARDED—VALUATION OF TOTAL BUILDING
[Thousands of dollars]
Month
1925
January
February
March
April
May
June
July
August
September
October
November
December
Total
Monthly average
1928
1926
274, 979
253, 898
389, 928
451, 400
427, 33P
461,654
437, 940
508, 271
478, 073
432, 213
402,170
431.615
347,
340,
498,
474.
443,
444,
400,
457,
454,
407,
415,
402,
333,171
330, 622
507, 539
484, 501
430, 678
490,809
405, 476
436, 090
372, 051
441,311
381, 489
398,100
348,138
403,794
475,687
500, 895
524, 946
513. 985
447, 859
395, 448
429, 579
443,107
378, 944
364,120
1930
1329
334, 568
302, 516
414,161
45],975
421,427
376,600
454, 944
350, 567
308, 245
360, 486
311,931
253,617
1931
1932
188, 571
217, 906
308, 519
325,671
306, 979
289,337
248, 344
229,218
228, 826
227, 735
175, 978
176,604
133,719
156,746
221, 051
210,713
197, 235
179,491
178, 334
160,036
164, 909
160, 099
103. 424
86, 295
58,153
61, 664
82, 965
75, 227
84, 542
63, 536
67, 825
73, 363
59, 450
50,900
51,751
38, 315
4, 949, 477 5, 088, 814 ,011,837 5, 226, 502 4, 341, 037 2,923,688 1, 952, 052 "67, 691
412, 456
424, 068
417, 653
435, 542
361,753
243, 641
1G2, 671 63,974
1933
1936
1935
1934
1937
1938
174, 693
128,189
179,396
204,139
177, 902
218,881
220,183
191, 585
141,802
140, 780
139,217
144,687
93, 655
88, 463
167, 219
155,012
160, 924
167, 485
160, 541
187, 048
191, 571
243,693
211,261
231,052
800,047 1,159,819 1, 761,415 2,061,454
1939
,057, 924
71, 407
43, 250
84, 789
65, 643
77,614
70, 059
80, 898
71, 564
60, 278
71,004
59,918
43, 563
66,671
57.112
47,157
78, 238
84, 585
95,193
113,245
104,126
98,499
91, 354
114,143
106, 491
169, 676
96, 652
128, 354
93,756
139,064
162, 628
151, 948
154, 129
168, 575
181,516
149, 930
157, 843
135,116
138,556
146, 785
171, 788
165,162
148. 564
223,011
209,061
210, 567
204, 741
197, 831
197,045
212,146
171, 494
1
New series. Data are compiled by the F. W. Dodge Corporation and represent a combination of the two series "residential building" and "nonresidential building," regularly shown separately on p. 21. This series, which provides a background for data published once each montn in the Weekly Supplement to the Survey, should not be confused with the data on total construction, which includes "public utiltites" and "public works" as well as residential and nonresidential building. Because of classification
changes, data for the period 1925-30 differ slightly from the sum of "residential building" and "nonresidential building" as shown in the 1938 Supplement and in monthly
issues through April 1938. Revisions in each of the two series comprising the total shown here and covering the years 1925-36 will appear in a subsequent issue of the Survey.
1
Table 50.—TOTAL CHEESE PRODUCTION
[Thousands of pounds]
Month
January
February
March
April
May
June
July
August
September
October
November
December
.
Total
Monthly average.
1920
17, 053
18,167
23,067
28, 215:
42,839|
56, 519
46,15'
36,050
31,735
27, 562
19, 429
15, 638
1921
17,170
17, 975
23, 541
30, 832
45,892
48,024
35, 688
36,316
31, 756
30, 234
20,577
17, 833
1924
1925
26
1922
1923
18,09f
18, 700
24, 552
28, 472
41,3061
46, 3481
42, 719
38,121
33, 413
33,4891
24, 463J
20,301
19,427 22, 959
657 25,116
19,609 23,
514! 25,191
25,387! 29.
676! 31,727.
30,702 32,
35, 036' 36,981!
42,331 43, 573 i 49,
2721 48,879'
51,645 54, 307! 57,956 57,645
48, 392 i 50, 54 085 49,522
149;
20
40,413 41, 9211 47, 41 41,479
36,452 38, 8251 39, 609 36,380
'
,
33,129 34. 068; 3C; 603 30, 712
i,
r
24,847! 23,
248 21 336 22, 765
,
22,363; 19. 743! 24,566! 21,039
1927 1928 1929 1930 1931 1932 1933 1934
29 322 24, 981
22, 565 26, 041
28.036 30. 602
32, 768 36,348!
45, 697i! 47, 674
53, 288 56, 236
48, 406 49,792!
41,044 42, 948
33,691 38, 897
31,454 34, 367
24, 254 25, 954
23,161 23, 679
27, 543
26, 981
32, 636
38,695:
54,418!
65, 212i
59,096!
47, 709
40,114
35, 444
28,175
27,910
31,66^ 29, 869
30, 335 29, 569
36, 495
44, 030 42,911
61, 653 57,715
67. 721 63, 053
5$, 012 51,653
44, 9 4 42, 599
38,521
36
33. 479 40,619
31,641
.
26, ,886 27, 734
28,560 33, 305
31, 927
38. 450
43, 620
54,535 57,193
61, 284 69,620
50, 566 61, 406
44,318 54,901
40, 594 47,050
41,417
31,091
33,755
30,
35, 405
35, 736
43, 539
49,153
64, 364
70,940
64, 692
54,090
49, 455
46,095
35, 238
30,415
1935
31,995
30, 960
37, 838
44, 940
64,324
78,098
70,081
66, 791
62,378
54,733
40,138
39,98:
36, 459
43, 212
48, 782
69, 424
81,362
64, 651
57,142
57, 330
59, 290
44, 736
38, 680 40,176
1937 1938
39, 620 40, 800
39, 021 41, 750
45, 685 52, 500
52, 352 62,000
73, 303! 85, 900
82,058! 91, 288
70,461 80, 268
61, 271 68,615
54, 301 54, 400
51, 223 53, 877
41, 447 41, 407
38, 256 38,728
362, 431 355, 838 369, 9801394, 697 413, 940443, 514;427, 416 406, 686J437, 519 483, 933 500, 368 492,379 484,103 543, 735|579,122 620,956 642, 551 648, 998 712,862
i
I
30,203! 29,653 30,832| 32,8911 34,495! 36,960 35,618 33,891 36,460 40,328 41,697 41,032 40,342 45,311 48,260 51,746 53, 546 54,083 59, 405
1 Revised series. These data, compiled by the Bureau of Agricultural Economics. U. S. Department of Agriculture, have been revised to exclude production of cottage, pot,
and bakers' cheese. With this change, the data are directly comparable with those shown on p. 41 for total cold storage stocks, and apparent consumption of cheese. Monthly
of pounds, are as follows: 1916, 314,718; 1917, 372, 540; 1918, 356,947; 1919, 399,239. For 1939 monthly figures,
to 1920 are not available. Annual totals, in thousands
figures prior
see p. 41. Data for
http://fraser.stlouisfed.org/ 1938 and 1939 are subject to further revision.
187096—39
Federal Reserve Bank of St.3Louis
18
SUKVEY OF CURKENT BUSINESS
November 19H9
Table 51.—COTTON CLOTH MILL MARGINS
[Cents per pound]
Month
January
February
March
April
May
June
July
August
September
October
November
December
1925
2
Monthly average..
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
15.21
16. 36
18.41
17.61
17.37
.
1926
16.44
16.90
16.25
15.65
14.91
13.82
13.45
14.61
16.34
17.45
16. 34
15. 77
15. 31
15. 32
15. 46
15. 00
14.41
14.81
14. 14
15.27
16. 53
16.12
15.11
14.67
14.87
14. 64
13.40
12.62
12. 79
11.90
12. 66
14. 00
14 30
14. 55
14. 34
14.12
13.86
13.38
13. 00
13. 41
13.02
12.57
12. 53
13.95
14. 38
15.05
15. 45
13.51
12.74
13.25
12. 21
11.54
11.70
12.39
12.10
12.01
12.97
13.51
13.42
13.05
12.18
11. 24
11.78
11.80
11. 65
11.23
11.16
11.39
11.04
10.23
9. 59
9.07
9.01
9.61
9.62
9.61
8.40
7.93
7.65
8.39
10.18
9.77
8.65
8.22
7.75
7.50
8.03
8.27
10.95
14.99
18.10
17.97
15. 82
15.47
14.02
13.50
13.91
14.11
13.72
13.27
1-2.16
11.58
11.86
12.61
13.58
12.82
11.70
11.94
12.13
11.72
11.64
11.19
11.07
11.11
10.43
11.61
12.87
13. 31
12.80
13.02
13.70
13. 26
12.78
11.96
11.62
11.90
12.72
13.72
14.03
14.88
16.60
17.70
18.22
17.86
17.84
18.58
17.66
16.46
15.52
15.14
14.38
13. 56
12.79
11.68
11.47
11.20
11.16
10.97
11.12
10.81
11.52
11.42
11.23
10.88
10.78
10.69
16. 99
15.66
15.18
13.68
13.68
12.57
11.03
8.92
12.70
12.77
11.91
13.74
15. 81
11.10
1939
10.46
10.05
10.11
10.01
9. 33
9.84
10. 52
11.41
14. 56
1
New series. Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. Mill margins represent the difference between the price of cloth
obtainable from a pcund of cotton and the price of cotton (includes processing tax for the period August 1933 to December 1935 amounting to about 4 cents per pound when
corrected tc a gross weight basis).
Cloth prices are for 17 standard constructions, unfinished (not including fine cloth) in the New York market taken from the International Textile Apparel Analysis.
Unfinished (gray) cloth is cloth that has not been bleached, dyed, or colored. Price per yard has been converted to price per pound on the basis of approximate quantity of
cloth obtainable from a pound of cotton with adjustment for salable waste. The number of yards of cloth obtamable'from a pound of cotton varies from 2.0 to 8.2, according
to the construction.
Raw cotton prices are based on the average price of %-inch middling cotton in 10 spot markets adjusted for premiums and discounts for grade, and staples as quoted in 6
markets. However, this is not necessarily the price paid by mills since transportation and handling charges from central markets to cotton manufacturing centers have not
been included.
For more detailed information on this series see "Prices cf Cotton Cloth and Raw Cotton, and Mill Margins for Certain Constructions of Unfinished Cloth" published
by the IT. S.Department of Agriculture, Bureau of Agricultural Economics.
2 5 months' average.
Table 52.—BENZOL PRODUCTION »
[Thousands of barrels of 42 gallons]
Month
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1936
1935
1937
_
. -
Total
Monthly average
183
183
183
183
183
184
184
184
184
184
184
184
155
145
155
150
155
155
148
148
148
155
167
176
181
166
179
171
176
171
179
179
174
181
179
176
217
200
226
216
221
210
214
214
210
217
205
212
226
216
239
229
238
231
229
233
231
245
240
252
250
233
264
255
267
257
264
264
253
265
245
238
240
229
262
253
254
235
224
216
202
204
187
183
174
163
183
177
176
153
145
137
130
134
128
126
104
101
105
95
86
73
72
69
73
82
85
86
88
82
82
83
97
117
151
159
144
129
116
120
138
141
170
163
184
171
130
123
116
120
121
131
152
153
158
143
150
141
139
153
156
168
172
186
179
168
179
196
213
210
211
220
218
232
229
247
247
227
256
246
249
227
257
266
257
229
178
151
147
132
143
128
117
105
114
133
144
169
181
186
2,203
1,857
2,112
2,562
2,809
3,055
2,689
1,826
1,031
1,368
1,708
1,871
2,502
2,790
1,699
194
_
_
193
194
194
194
194
194
194
194
194
194
194
194
2,327
January
February
March
April
May
June
July
August
September
October
November
December
1939
1938
184
155
176
214
234
255
224
152
86
114
142
156
209
233
142
185
170
192
162
130
174
191
210
225
1
Compiled by the U. S. Department of the Interior, Bureau of Mines, and includes practically the entire output of benzol. The data are shown regularly on p. 46, and
represent one of the components of motor fuel production.
Table 53.—FARM WAGE RATES, WITHOUT
BOARD 1
Table 54.—COMMERCIAL FAILURES IN
CANADAl
[Dollars]
[Number]
Oc- AverYear Jan- April July tober age
1923__.
1924.__
1925._.
1926...
1927___
1928___
1929
1930
47.99
47.44
48.95
49.85
48.86
49.92
49.36
45.45
48.64
48.83
49.70
49.92
49.61
50.19
49.51
50.62
50.24
50.87
51.80
51.86
51.56
52.92
49.83
50.13
50.10
50.82
51.83
51.57
51.65
51.39
46.57
49.32
49.90
50.83
50.85
50.72
51.22
48.10
Year
1931...
1932.
1933...
1934.__
1935___
1936._.
1937...
1938...
Oc- AverJanuary April July tober age
42.27
33.13
24.95
26.31
28.17
29.69
32.62
34.70
39.9'
30.40
23.64
27. 71
29. 57
31.13
35.06
33.82
39.64
28.78
25.72
28. 52
30.82
32.99
37.24
37.28
36.15
27.63
27.35
28.91
31.04
33.27
38.11
36.09
38.38
28.88
25.67
28.19
30.24
32.28
36.32
35.63
!
Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, from data on average farm wage rates (without board) reported as of the
first of each month to the Bureau's regional offices by approximately 20,000 crop
reporters. Employment and wage rates on farms of crop reporters are higher than
average, and adjustment has been made for this factor.
Wage rates are reported by the compilers as of the middle month of each quarter,
the first quarter beginning in December of the preceding year. Quarterly figures
for each region are weighted by estimates of the number of hired farm employees to
obtain the average for the country as a whole. The quarterly rates are weighted by
the total number of hired farm employees in each quarter to obtain the annual
averages.
Annual average wages (quarterly not available) for the years 1913-22 are: 1913,
30.21; 1914, 29.74; 1915, 30.06; 1916, 32.84; 1917, 40.52; 1918, 48.80; 1919, 56.63; 1920, 65.40;
1921. 44.67; 1922, 43.33. Quarterly figures for 1939 appear on p. 29.
Month
1934
1935
1936
1938
1937
January...
February..
March
April
MayJune
July
August
September .
OctoberNovember-..
December...
176
137
141
164
139
99
112
109
89
151
143
140
149
135
112
111
121
108
124
93
94
106
105
109
120
138
118
134
101
94
79
78
96
85
95
100
93
94
109
87
80
76
56
67
63
64
89
74
77
99
101
47
93
92
7'?
102
81
92
122
71
Total..
1,600
1,367
1,238
952
1,049
133
114
103
79
87
Monthly average..
1
New series. Compiled by Dun & Bradstreet, Inc. This series has been substituted for the data formerly compiled by the Dominion Bureau of Statistics. Data are
compiled on the same basis as those for the United States shown on p . 31 of this issue.
They represent strictly commercial failures for manufacturing, retail trade, wholesale
trade, construction, and commercial service. Excluded are personal bankruptcies
of persons such as doctors, dentists, and lawyers. Comparable data are not available
prior to 1934. For 1939 data, see p . 56 of this issue.
November 1939
19
SURVEY OF CURRENT BUSINESS
Monthly Business Statistics
The data here are a continuation of the statistical series published in the 1938 supplement to the SURVEY OF
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 September will be found in the Weekly Supplement to the SURVEY.
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
September
1939
1938
1939
September
October Novem- December
ber
January
February
March
April
84.1
5,727
82.1
3,575
1, 235
850
797
506
187
95
83.0
5,654
83.4
5,432
81.0
3,550
1,212
81.4
3,598
1.235
May
June
July
August
84.1
5,918
'83.7
' 5, 695
'85.4
' 5, 400
82.8
3, 665
1,281
82.8
'3,516
1,271
BUSINESS INDEXES
INCOME PAYMENTS t
Adjusted index
1929=100Total
Mil. of doL
Salaries and wages:
Adjusted index
1929 = 100..
Total
Mil. of doL.
Commodity producing industries ..do
Distributive industries
do
Service industries
do
Government
do
Work relief wages
do
Direct and other relief
do
Social security benefits and other labor income
Mil. of doL.
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
Mil. of dol__
Total nonagricultural income
do
Adjusted index of nonagricultural income
1929 = 100..
86.8
6,012
81.8
5,657
82.6
5,886
83.1
5,507
83.4
6,145
83.3
5,703
83.0
5,247
84.3
3 693
1, 360
80.4
3, 525
1,220
81.4
3, 639
1,259
82.4
3. 634
1,248
83.0
3,672
1,244
82.3
3,525
1,191
841
800
505
188
92
82.0
3,522
1,215
826
796
503
182
93
133
433
856
790
532
202
80
853
799
531
203
83
889
814
527
198
88
883
821
508
121
88
838
778
497
192
80
13f>
805
139
723
133
775
126
484
1,115
128
827
1, 291
5,366
1,190
5,092
1, 259
5,254
1,180
4,967
1,146
5,657
1,131
5,244
87.0
82.8
83.5
84.2
84.7
84.4
124
85
'84.0
' 3, 560
'• 1,318
871
813
'423
' 135
87
133
760
139
471
145
920
136
849
'145
451
1,066
4,848
148
772
1,137
5,256
1,121
5,192
1,137
4,943
1,103
' 5,453
1,109
' 5, 222
84.4
84.8
83.8
85.4
'85.5
1,157
' 4,887
'86.7
849
799
510
180
90
862
806
520
175
87
84.3
874
815
530
165
85
868
810
'422
' 145
INDUSTRIAL PRODUCTION
(Federal Reserve)
v 111
94
99
98
99
95
100
104
91
97
97
Combined index, unadjusted
1923-25=100^
98
98
100
v 110
94
96
98
98
89
103
95
97
Manufactures, unadjusted
do
95
99
83
78
84
86
85
83
84
85
92
79
66
Durable goods*
do
85
98
105
88
105
106
117
115
26
66
91
63
Automobiles
do
28
48
98
100
88
79
42
65
64
83
91
86
Cement
do
98
98
133
165
93
112
147
138
153
91
78
155
107
Glass, plate
do
155
121
92
120
89
79
87
90
93
89
93
75
100
88
Iron and steel
do
103
111
» 119
111
Nondurable goods*
do
105
108
107
106
111
108
113
109
109
111
126
125
» 123
112
104
105
112
115
102
104
111
119
Leather and products
do
' 129
202
201
211
208
215
211
202
205
206
209
208
217
Petroleum refiningf
do
109
114
123
112
111
102
104
112
110
95
99
100
122
Rubber tires and tubesf
do
83
91
86
84
92
81
101
101
84
90
94
104
Slaughtering and meat packing
do
80
115
121
104
111
114
105
112
103
116
Textiles
do
112
100
103
'103
147
181
156
186
171
172
145
157
180
151
167
161
Tobacco manufactures
do
177
105
v 118
102
97
105
107
88
Minerals, unadjusted
do
96
103
105
106
105
102
66
50
Anthracite.
do
51
44
73
83
66
74
63
51
60
53
83
40
26
82
83
77
86
Bituminous coal
do___.
76
63
68
79
75
0
187
0
Iron-ore shipmentsdo
132
150
82
0
0
0
86
35
78
159
75
67
70
Lead
do
71
65
80
70
58
71
52
69
48
68
168
o 107
171
173
177
174
164
164
163
163
163
178
Petroleum, crude
do
'129
108
69
102
86
86
94
97
59
105
55
101
Silver
do
78
93
93
96
Zinc
__do
87
84
90
94
96
94
78
88
71
87
99
° 111
92
92
104
101
96
103
Combined Index, adjusted.
do
101
98
90
' 103
97
" 111
91
92
104
95
100
103
97
100
Manufactures, adjusted
do
89
104
83
' 103
80
Durable goods*
do
82
88
71
76
92
88
83
94
89
'92
73
87
99
105
91
84
96
Automobiles
do
46
87
81
'89
82
78
69
84
Cement..
_
_
do
90
69
80
79
82
75
81
76
165
133
Glass, plate
do
124
87
89
83
153
147
131
155
155
107
121
121
89
73
79
88
101
93
Iron and steel
do
75
100
108
90
83
105
» 117
114
110
Nondurable goods*
do
107
109
106
110
110
110
108
106
110
' 115
108
114
113
115
124
123
124
101
107
Leather and products
...do
103
121
'116
211
205
212
215
206
201
201
208
208
202
209
Petroleum refiningt
do
218
123
111
102
104
109
112
110
95
112
100
99
114
Rubber tires and tubesf
do___.
122
94
83
86
100
89
87
90
87
94
95
Slaughtering and meat packing
do
98
89
92
104
109
117
121
111
111
109
112
Textiles
do
103
110
97
100
120
162
164
170
170
164
179
165
164
164
160
158
150
Tobacco manufactures
._._do
168
110
104
98
95
110
110
102
109
98
97
106
Minerals, adjusted.
_
—..do
'91
> no
61
73
69
61
59
67
Anthracite
do
50
53
80
58
49
53
79
77
71
46
75
78
76
72
Bituminous coal
_
.do
71
75
31
' 77
0
67
55
0
97
74
0
0
41
0
42
50
Iron-ore shipments
.do
78
73
69
71
70
82
71
70
57
66
50
50
68
Lead
do
71
169
171
173
174
v 162
175
174
169
170
165
161
Petroleum, crude
do
158
'127
100
86
71
101
86
85
51
102
107
102
Silver
do
70
79
87
90
Zinc
_
do.-..
91
89
94
98
75
91
90
88
80
93
89
r
Revised.
v Preliminary.
*New series. For indexes of durable and nondurable goods production beginning 1919, see table 8, p. 14 of the March 1939 Survey.
fRevised series. Petroleum refining, revised beginning 1934, and rubber tires and tubes, beginning 1936; see table 36, p. 17 of tho August 1939 Survey. For revised income
payments beginning 1929, see table 41, pp. 15 and 16 of the October 1939 issue.
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
November 1939
1939
1938
September
September
October Novem- December
ber
January
February
March
April
May
June
July
Augusi
BUSINESS INDEXES—Continued
AGRICULTURAL MARKETINGS
Quantities marketed:
Combined index...
_
1923-25=100..
Animal products
do
Dairy products
_do
Livestock
do
Poultry and eggs
do
Wool
do__
Crops
_
do _
Cotton
do
Fruits
do.__
Grains
do...
Vegetables
do.. _
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100.
Adjusted
do...
Crops
do_._
Livestock and products
do...
Dairy products
do.__
Meat animals
do...
Chickens and eggs
do___
WORLD S T O C K S
Combined index (quantity) t
1923-25=100.
Cotton, adjusted
do...
Rubber, adjusted t
do—
Silk, adjusted.__
do...
Sugar, adjusted
do—
Tea, adjusted
do...
Tin, unadjusted..
do—
Wheat, adjusted
.
do.._.
120
82
100
78
75
144
159
251
79
120
72
117
83
137
75
68
76
152
235
90
110
87
131
89
114
85
76
139
174
267
113
128
86
87
78
116
160
108
154
79
85
67
76
81
91
67
116
68
71
78
85
62
61
92.5
79.0
70.0
88.0
87.0
89. 5
73.0
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
107
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
128
126
151
181
201
248
111
191
118
127
151
68
78
104
65
104
45
57
35
93
50
107
70
50
46
34
78
38
78
81
99
135
72
145
193
63
23
92
80
109
82
93
145
62
114
387
71
26
81
101
112
94
88
133
66
91
386
101
46
78
184
49
55.0
64.5
51.5
78.0
76.0
75.0
70.0
60. 0
65. 0
49. 0
82. 0
76.5
83.5
80.0
59.0
60.0
45.0
75.5
77.0
76.0
73.0
63.0
62.5
51.0
74.5
77.0
73"5
75. 0
182
205
241
101
187
110
129
162
182
211
239
84
184
106
119
166
190
223
227
88
185
105
115
65
81
103 I
62
123
77 |
50
22
95
50 I
i
110
I.
I
i
I.
186 I-
245
98 I
194 I.
115
I
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined index
Clothing
Food
Fuel and light
Housing
Sundries
1923=100_.
do
do
do
do
do
-
85.9
72.2
80 7
84 4
86.5
97 0
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
96.8
85.8
73.0
80.3
86.0
86.2
96.8
85.4
72.7
79.2
85.9
86.2
96.8
85.1
72.4
78.4
85.9
86.1
96.7
84.9
72.3
78.0
85.8
86.1
96.7
85.0
72.2
78.2
85.2
86.2
96.7
84.8
72.1
78.1
84.0
86.2
96.6
84.7
72.0
77.9
83.4
86.0
96.6
84.9
71.9
78 1
83 8
86.3
96 9
84.5
71.9
76.7
84.0
86.3
96.9
98
102
76
107
73
83
117
114
98
95
118
69
104
75
63
117
107
98
95
124
72
107
70
60
111
107
107
94
131
73
109
71
60
111
102
95
96
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
89
87
70
95
82
67
114
102
86
90
85
72
92
85
72
112
110
83
89
83
73
94
93
73
107
105
81
89
89
73
96
80
66
107
101
89
88
90
71
10C
70
64
101
101
10C
75 7
86 9
79.0
78.4
88.0
78.7
78.1
77.8
81.8
89.3
78.6
77.5
76.8
80.8
89.4
76.4
76.6
76.5
75.1
85.2
76.3
76.5
75.1
90 2
89.0
89.0
88.9
88.9
89.1
89.1
89.1
89.1
89.1
89.1
89.3
89. £
96 1
88.6
89 5
91 7
84.3
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
96.2
88.5
88.9
90.5
84.3
96.2
88.4
88.8
90.5
84.3
96.0
88.4
88.8
90.5
84.1
95.9
88.4
88.8
90.5
84.1
95.9
88.4
88.9
90.6
84.0
95 9
88.4
88 9
90 6
84.1
96. C
88.4
89. (
90.*
84.1
79.1
78.3
77.6
77.5
77.0
76.9
76,9
76.7
76.2
76.2
75.6
75.4
75. (
81 9
72.6
81 8
68.7
65.1
76 3
75.1
74.5
62 8
81.0
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
79.9
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
80.1
68.5
74.4
63.7
55.2
75.5
68.6
58.1
64.3
81.0
79.9
08. 9
74.3
63.7
59.6
73.2
68.2
58.6
63.8
78.6
79.6
67.7
74.1
62.4
58.2
69.4
67.6
60.0
62.5
75.7
79 2
67 8
74 4
62 6
52.3
69 7
67 5
64.6
62 0
75.3
79.]
66.,
74.,
61. (
51. t
66. (
67.1
67. <
82.1
90 9
91.0
91.3
93.7
81.3
89.5
90.9
90.7
90.4
81.1
89.8
91.1
90.7
90.3
80.6
89.2
91.5
90.6
90.2
80.3
89.4
91.5
90.6
90.9
80.2
89.5
92.4
90.6
91.7
80.2
89.6
92.4
91.2
92.6
80.4
89.8
92.5
91.5
92.1
80.5
89.6
93.0
91.5
91.5
80.6
89.5
91.7
91.5
91.2
80. 2
89.5
91.1
91.5
90.7
80.2
89 7
90.6
91.5
91.8
80.
89.
90.
PRICES RECEIVED BY FARMERS §
(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
Food
—
do
Fairchild's index:
Combined index
T3ec. 31, 1930=100..
Apparel:
Infants'
do
Men's
do
Women's
-- do
Home furnishings
do
Piece goods
do
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (813 quotations)..1926=100..
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
Ceinentf
do
Lumber
do
58.
73/
91.
91.
.adex revised beof all c o m m o d i t i e s
h a v e n o t been revised, as t h e eneet of t h e change in c e m e n t prices on tnese indexes is s m a l l .
§ D a t a for Oct. 15, 1939: T o t a l 97, chickens a n d eggs 108, cotton a n d cottonseed 74, d a i r y p r o d u c t s 112, fruits 73, grains 77, m e a t a n i m a l s 112, t r u c k crops 128, miscelr
Revised.
aneous 94.
21
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
1939
1938
September
October Novem- December
ber
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
WHOLESALE PRICES-Continued
U. S. Department of Labor indexes—Contd.
Combined index—Contd.
Commodities other than farm products
and foods—Continued.
Chemicals and drugs.-.
1926=100..
Chemicals
do
Drugs and Pharmaceuticals
do
Fertilizer materials
do
Fuel and lighting materials
do
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
do
Hosiery and underwear
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 indexj
1923-25=100..
Cotton
do
Rubber.
.....do
Silk
.
do....
Sugarf
do
Tea
do
Tin
.do
Wheat
do
Wholesale prices, actual. (See under respective
commodities.)
77.3
81.2
72.8
69. 2
72.8
76.3
79.4
72.7
69.3
73.0
82.8
81.8
50.7
91.9
101.1
72.8
84.2
85.2
80.5
89.8
94.3
96.1
76.5
76.5
79.9
72.2
69.7
73.1
80.3
82.2
50.9
91.8
101. 2
73.8
82.7
85. 2
80.5
89.7
94.3
96.1
76.6
76.0
79.3
71.9
69.6
73.4
81.4
84.1
51.9
90.9
101. 2
68.3
82.8
85.4
81.0
89.6
94.0
96.1
74.7
75.9
79.4
71.9
69.7
73.9
79.3
86.0
52.5
91.6
101.3
72.1
83.1
85.5
81.0
89.8
93.5
95.7
73.1
75.7 I
79.2
71.9
69.5
73.0
77.8
88.9
52.5
92.3
101.3
75.3
83.8
85.6
81.0
90.0
93.2
95.2
72.9
75.0
78.2
71.8
67.5
72.8
78.1
89.0
52.2
92.5
100.8
76.9
84.1
85.6
81.0
90.0
93.2
95.1
73.3
74.6
77.5
71.7
67.2
72.6
75.8
86.7
51.7
92.7
100.8
77.2
84.0
85.6
81.1
90.0
93.2
95.1
74.0
78.7
65.9
81.5
64.3
59.1
32.1
74.5
73.2
58.8
81.0 I
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
79.3
67.5
81.7
63.3
60.2
40.7
75.4
74.2
60.5
80.4
79.3
67.3
81.7
64.1
60.1
39.1
75.6
73.8
60.5
79.3
67.6
81.2
65.1
60.2
40.2
75.4
73.4
60.5
79.9
79.3
67.8
81.5
65.5
61.5
39.5
75.5
73.3
60.5
80.0
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
38.4
32.4
37.2
33.4
35.2
69.6
93.9
38.5
41.3
35.3
37.6
37.6
40.5
68.9
97.5
40.4
41.0
36.4
38.3
35.4
37.4
68.8
97.2
40.8
39.6
35.7
38.7
37.0
37.7
67.5
96.5
34.3
38.0
34.6
39.0
36.9
32.7
74.3
97.0
32.4
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
132.1
130.5
165. 3
119.6
132.1
130.7
163.4
119.9
133.2
131.1
165.3
120.0
133.5
130.7
165.3
119.8
134.2
133.2
166.9
120.3
53.3
98.5
101. 8
97.4
92.0
86. G
81. 3
91.7
94.8
95.5
84.7
77.3
81.0
74.8
67.2
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
77.1
80.5
74.9
67.5
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
76.6
80.2
73. 6
67.7
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
76.7
80.0
73.5
68.6
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
79.3
71.7
81.7
70.4
62. 8
43.4
84.0
76. 6
60. 5
81.8
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
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.?
28.8
66.0
92.0
42.3
128.6
127.1
154.8
118.3
129.8
128.0
154.8
118.5
129.9
128.5
156. 5
118.8
34.2
49.7
41.8
59.7
76.7
79.7
73.0
70.2
72.8
82.9
82.2
50.4
93.1
101,2
78.4
85.0
85.4
80.5
90.1
94.4
96.4
76.7
PURCHASING POWER OF THE
DOLLAR
Wholesale prices,
Retail food prices
Prices received by farmers
Cost of living. __
1923-25= 100._
do
do
do
127.3
126.6
149.9
118.3
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
63
75
73
85
77
Total, unadjusted
_. 1923-25=100,.
69
76
P79
70
73
78
79
51
65
54
48
68
64
Residential, unadjusted
do
P73
45
58
63
56
56
••66
73
63
96
96
67
Total, adjusted
do
P79
86
63
67
69
'73
82
78
58
55
56
57
58
Residential, adjusted
do . v 73
55
62
58
"67
55
56
57
F . W. Dodge Corporation (37 States):t
23,244
16,027
13,015
23, 270
13, 281
21, 701
17, 772
21, 806
20, 233
19,664
16, 926
TotaJ projects
number.. 25, 984
Total valuation
thous. of doL. 323, 227 300, 900 357, 698 301,679 389,439 251, 673 220,197 300, 66:1 330' 030 308,487 288, 316 299, 883 312, 328
110, 975 127, 776 159, 656 134,757 127,595
147,916
144,216
136, 543 158,459
160,125 203, 359 178, 948 279,403
Public ownership.
do
103, 757 109,220
172, 885 170, 374 173,730 160, 721 163, 340 153,869
179,011
140, 775 154, 339 122, 731 110,036
Private ownership
do
NonresidentiaJ buildings:
3,457
4,052
3,495
2,348
3,823
3,453
3,592
3,400
3,585
2,456
3,363
3,594
Projects
number. _ 3, 650
12,700
15,418
25, 503
12,783
12, 268
17, 691
16,563
21, 515
14, 351
17, 944
15, 599
23, 223
Floor area,.
thous. of sq. ft.. 16,490
92,845
69, 544
69,882
76,749
88, 501
94, 656
82, 466
116,008 139, 513
84,999
97, 786
91, 997 131,020
Valuation
thous. of dol._
Residential buildings, all types:
9,669
18,262
18,003
15,942
12, 515
10,413
9,750
17, 387
16, 287
15, 438
13, 907
11,600
Projects
number. _ 17, 589
19,176
32,602
27. 502
31,165
22, 720
19, 981
28, 382
27,181
23, 405
30, 725
27,177
21, 781
Floor area
...thous. of sq. ft._ 32, 977
79,020 125, 225 114, 405 133,818 111,896
91, 539
80,163
109, 330 127,163
129, 680
95, 253
99, 574 112,673
Va.luation
thous. of dol..
Public utilities:
251
273
234
254
328
258
259
323
356
500
330
288
335
Projects
number..
21,779
9,968
23,092
44, 312
29, 509
20,113
35, 336
19, 640
18, 518
21,176
26,167
Valuation
thous. of doL. 39, 663
19, 726
Public works:
1,274
1,473
1,442
1,619
1,172
1,486
725
1,389
1,342
817
944
1,828
1,675
Projects
number..
76,141
95,170
53,115
73, 607
78, 960
57,002
70, 692 114,075
58,010
85, 633
Valuation
thous. of dol_. 71,418
83,162
92, 829
Building permits issued in 1,790 cities:f
77,913
64, 537 ' 73, 318
37, 721
38, 902
62, 775
71, 040
38, 247
62, 303
53, 615
Total buildings
number.. 67, 618
69, 615
64,203
Total estimated cost
thous. of dol_. 179, 605 158,492 164, 244 148,480 147, 791 156,704 149, 572 177, 903 165, 978 204,437 202, 429 185, 019 r 197,937
New residential:
20,961
19,224
11,059
17,884 r 19, 697
11, 652
11,476
17, 697
Buildings
number __ 16, 818
14,121
18,635
15,058
15, 761
99, 775
96,114 * 116,260
85, 719
Estimated cost
thous. of doL. 87, 308
87,441 119,600
62, 767
94, 374
85,079
78, 394
70, 768
74,053
New nonresidential:
11,214 ' 13,037
13, 711
12,085
Buildings
number,. 13,053
6,449
11,520
6,961
5,690
10,496
10,459
12,003
13,011
51,162
Estimated cost
thous. of doL. 63, 702
59, 794 ' 49,096
70,974
44, 830
61, 399
37, 730
63,115
51,660
56,310
47,180
n, 886
Additions, alterations, and repairs:
43,241
Buildings
number, _ 37, 747
35, 439 ' 40, 584
39,731
36, 558
20,801
20, 555
33,172
29,035
20,227
37,142
40,843
33,674
Estimated cost
..thous. of doL. 28,595
29, 111 r 32, 580
31, 680
26,123
33,706
21,909
24, 537
30,643
22, 767
26,233
29, 540
r
* Revised.
ixevisea.
v Preliminary.
t Revised series. Data on world prices revised beginning 1920; see table 4, p. 17, of the January 1939 issue. For construction contract awards, see note marked with a
" t " on p. 21 of the July 1939 issue. 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 citiess 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, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
November 1939
1938
September
1939
October Novem- December
ber
January
February
March
April
July
May
June
19, 405
1,418
6,188
35,796
25,760
1,905
8,131
29, 9 9 7
21, 768
240,735
252,992
262, 395
August
CONSTRUCTION AND REAL ESTATE—Continued
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED—Con.
Estimated number of new dwelling units provided in all urban areas-.f
Total
number..
1-family dwellings
do
2-family dwellings
.-do
Multlfamily dwellings
do
Ensdneeriner construction:
Contract awards (E. N. R.)V—-thous. of doLHIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. sq. yd_.
Roads
do —
Streets and alleysd"
do . _.
Status of highway and grade crossing projects
administered by the U. S. Bureau of Public
Roads:
Highways:
Approved for construction:
Mileage
no. of miles..
Federal funds
thous. of dol__
Under construction:
Mileage
no. of miles..
Federal funds
thous. of dol_.
Estimated cost
do
Grade crossings:
Approved for construction:
Federal funds
do.
Estimated cost
do
Under construction:
Federal funds
do
Estimated cost
do
25.684
16,115
1,168
8,401
209,337
289,725
4, 465
3, 058
1,407
23, 648
16,857
1,290
5,501
235,
22,064
14, 781
1,042
6, 241
18, 355
11, 517
796
6,042
339,
250
22, 097
13, 240
1.207
7,650
26,147
12, 278
1,212
12, 657
203,
843
28, 526
19, 625
1,385
7,516
27, 011
1,417
6,812
181,
469
898
217,023
5,064
3.213
1,851
4,671
2,871
1,800
4. T83
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. 3 8 5
2.081
1,304
4,458
2,179
2,280
6,855
4,232
2,623
5,713
3,820
1. 893
6,16!
3, 907
2, 254
2, 723
30,821
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
34,909
3,081
35, 600
3,615
40,769
3,867
41,024
3, 701
37,802
3,130
24, 254
8, 386
119,472
237, 214
9,418
133,337
256. 592
8.872
130.841
252,852
7, 968
7, 514
120.453 113,828
234,256 I 221,530
7, 540
113.4fifi
218, 965
7.721
114,185
221,046
7, 855
115,212
222. 630
8,301
120,505
233, 772
8,463
758
637
8.570
123, 554
240.21S
8, 522
124,975
244, 860
8, 554
123,044
242, 924
9, 88S
10, 581
12.561
13, 370
J2.112
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
10,224
10, 583
11,312
12,191
11,504
12,414
10,654
11,437
37, 919
39, 756
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
43, 771
45, 723
42, 299
44, 094
40. 336
42, 052
38, 570
40, 505
182
167
192
166
184
182
169
192
166
184
182
169 i
192
166
184
183
169
192
167
185
183
169
192
167
185
183
169
192
167
185
1
1
1
1
1
2
8
3
9
5
182
168
193
169
185
1
1
1
1
1
2
8
3
9
5
182
168
193
169
185
183
168
195
169
184
188
188
188
188
188
188
188
187
188
187
96.5
130.1
115.9
119.1
96.1
130.1
116,0
119.1
95.3
129.7
115.9
118.7
130. 0
117.6
119.1
95.2
130, 1
117.6
119.1
95.3
130. 0
117.6
119.1
95. 3
130.0
117.6
119.1
95.3
130.6
117.0
118.6
95.4
130.6
116.9
118.5
94.8
130.9
116. 8
118.3
94.8
130.8
116.8
118. 4
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
97.4
132.7
122.3
120.1
97.6
133.4
121.4
119.7
97.6
133. 4
121.3
119.7
97.2
133.8
121.2
119.6
97.2
133.7
121.2
119. 6
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
117.7
120.6
95.6
129.8
115.3
118.5
95.7
129.9
114.7
118.5
93.3
130.2
114.4
118.2
93.2
130. 2
114.4
86.1
123.1
104.7
110.3
86.8
123.1
104. 7
110. 0
86. r>
123.6
104.7
10S. 9
SO. 1
123. 5
104.7
109. 3
311,
693
285,
566
122,
238,
C O N S T R U C T I O N COST I N D E X E S
Aberthaw (industrial building)
1914=100...
American Appraisal Co.:
Average, 30 cities
.1913=100.
Atlanta
.do___
New York
do.._
San Francisco
do...
St. Louis
.__
do_._
Associated General Contractors (all types)
1913=100.
E . H . Boeckh and Associates, Tnc:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U . S. a v . , 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...
N e w 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 = 100.
Federal H o m e Loan Bank Board:*
Standard 6-room frame bouse:
Combined index
..1936=100.
Materials
do...
Labor
do...
191
189
184
171
195
171
185
181
167
191
164
184
188
188
94.6
130. 8
116.8
118.4
96.1
129.9
116.0
118.5
97.0
133.7
121.2
119.6
1321 7
121.0
119.8
98.2
132.4
120.9
119.8
93 0
130. 2
114. 4
118. 3
96. 7
129.0
116.2
119.8
96 8
128.9
115.6
120.1
96.5
129.3
115.6
120.5
85. 4
123. fl
104. 7
109.3
85.
122.
105.
108.
6
8
4
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
85.0
122.5
106. 6
110.3
81.9
122.0
98.
105. 9
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.
121.
97.
108.
81.6
121.3
98.7
107.7
82. 5
121.1
98.7
107.7
81.6
121.0
98.7
107.2
81.6
121.4
98.7
107.2
82.8
121. 9
98.7
107.2
83.7
121.9
98.7
106.8
83.3
122. 1
98.7
105.4
82.8
122. 0
OS. 7
105. 9
235. 0
232.7
234.3
234.4
234.9
234.
7
234.3
234.4
234. 9
234.7
235.0
234.9
234. 9
105.
102.9
111.2
106.4
103.4
112.4
106.2
103. 3
112. 1
106.1
103.2
112.1
106.1
103.1
112.1
106.0
103. 0
111.9
106.0
103.0
112.2
106.1
103.0
112.4
105. 9
102.9
111.9
105.6
102.7
111.5
105.4
102.5
1U.3
105. 3
102.4
111.3
105. 2
102. 3
111.2
62.008
8, 344
64,627
58, 250
51,058
42,218
41,224
63,486
64, 895
188
189
96.2
187
8
6
9
6
8
8
6
9
6
8
I
1
2
5
1
REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance
thous. of dol__
Premium-paying mortgages (cumulative)
73,701
82, 322
<52. 269
thous. of dol .11,776,784 1,131,404 1,189,823 1,244,141 1,300,446 '1,355,829 1,400,212 1,450,575 1,496,794 1,546,237 11,607,14 < 1,658,306 ,1,723,357
§Index as of October I, 1939, is 236.9.
*New series. For data beginning 1936, see table 30. p. 17 of the June 1939 Survey.
,
tRevised series. Data on number of dwelling units provided revised beginning January 1937;figuresnot shown in the footnote on p. 22 of the September 1939 burvey
will appear in a subsequent issue.
cf Data for streets and alleys, formerly shown separately, are available in total only subseouent to December 1938
IData for September and December 1938 and March, June, and August 1939 are forfiweeks; other months, 4 weeks.
23
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
1939
1938
September
October Novem- December
ber
January
February
March
April
May
June
July
August
CONSTRUCTION AND REAL, ESTATE—Continued
REAL ESTATE—Continued
Estimated new mortgage loans by all savings
and loan associations^
Total loans..
__.
thous. of dol._ 89, 732
94,154
72,931
63,934
83, 425
85,172
95,038
71,647
55, 567
58, 309
64,070
73,378
89,123
Loans classified according to purpose:
Mortgage loans on homes:
27,854
21, 254
26, 865
29, 863
Construction
do
21, 018
22, 099
19,152
23, 727
26,646
29,919
16, 099
16, 027
18,627
31,367
24, 705
32, 282
25, 698
24, 677
20, 826
29,903
31,289
32, 228
29, 638
Home purchase
__do
17, 503
19,118
21,205
16,021
14,871
17. 005
12,416
12,913
12, 805
15, 384
15,687
17,123
Refinancing
do
11, 749
12, 551
15,353
12,182
5,544
4,211
5, 909
4,791
5,727
4,025
4,974
6,069
5,802
Reconditioning
do
3,389
3,593
4,821
5,133
8,946
8,337
7,724
7,515
7,126
9,437
9,432
9,082
Loans for all other purposes
do
6,827
7,020
7,235
8,183
Loans classified according to type of association:
Federal
thous. of doL. 37,090
33,400
39,094
34,055
25,650
26, 534
25, 019
20,894
22, 298
40, 645
24, 220
29,811
36,358
36,989
36, 465
State members
do
29, 255
30,546
26,504
23, 071
32, 562
26,115
24,191
30,124
35,426
34,146
37, 340
18, 595
15,653
16, 742
15,851
12,411
11,602
Nonmembers
do
13, 735
13, 443
17, 463
17,339
11, 820
17,053
16, 971
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Associations, estimated total mortgages outstanding
thous. of doL_ 1,206,887 994, 218 1,011,087 1,020,873 1,034,162 1,040,770 1,051,109 1,067,887 1,089,879 1,117,228 1,136,289 1,157,536 1,186,784
Federal Home Loan Banks, outstanding advances to member institutions
thous. of dol-. 163, 687 189, 548 189, 217 189,685 198,840 178,852 170,614 161,614 157,176 157,911 168,962 161, 537 159,470
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of dol.. 2,054,867 2,221,417 2,203,896 2,186,170 2,168,920 2,149,038 2,134,261 2,117,598 2,105,824 2,091,324 2,080,512 2,067,844 2,059,792
Foreclosures:
148
Nonfarm real estate
1926=100 .
169
159
154
154
153
173
164
159
165
168
153
186
Metropolitan communities
do
136
151
138
157
142
145
157
141
155
165
161
152
146
29, 304
32, 758
30,682
27,032
Fire losses
thous. of dol.. 22,837
23, 373
24,798
28, 659
27, 615
27, 062
24,191
22,468
22, 792
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes (with adjustment for seasonal variations):
82.6
82.1
Combined index
1928-32=100..
78.4
88.0
83.6
66.1
70.3
Farm papers
do
58.8
64.7
65.7
72.8
78.8
Magazines.. ____
do
82.0
73.5
73.6
77.4
86.0
79.9
Newspapers
do
78.9
73.8
83.5
71.0
65.9
Outdoor
-do
76.9
77.7
334.0
261.7
257.6
Radio
...do
260.0
242.3
Radio advertising:
6,091
4,781
6,754
Cost of facilities, total
thous. of dol__
6,509
6,713
555
Automobiles and accessories
do
447
626
626
600
75
Clothing
do
30
10
18
18
0
Electric household equipment.
..do
0
0
0
0
102
Financial.
._
do
21
26
21
19
1,860
Foods, food beverages, confections
do
1,543
2,301
2,103
2,157
48
House furnishings, etc.
do
0
39
48
39
813
Soap, cleansers, etc
do
611
653
626
674
0
Office furnishings, supplies
do
0
0
0
0
969
Smoking materials
do
655
853
853
861
1,543
Toilet goods, medical supplies.
do
1,308
1,977
1,851
1,990
126
All other
do
166
273
365
349
Magazine advertising:
11,816
9,846 13, 668 13,412 11,529
Cost, total
do
1,322
769
Automobiles and accessories
do
2,142
1,295
1,630
989
822
Clothing
-do
531
1,022
689
213
Electric household equipment
do
136
342
312
470
352
341
Financial
do
299
444
426
1,744
Foods, food beverages, confections—do
1,516
1,931
2,073
2,143
House furnishings, etc
do
628
599
509
862
679
411
355
Soap, cleansers, etc
do
234
398
363
327
228
Office furnishings, supplies
do
266
225
223
593
734
Smoking materials
do
755
829
889
2,029
1,642
Toilet goods, medical supplies.
.-do
1,815
2,210
2,261
3,209
2,703
Allother.
.do_._.
3,424
3,394
3, 524
2,182
2,112
Lineage, total
thoas. of line^-1,658
2,251
2,318
Newspaper advertising:
101, 937 103,869 113, 558 113,457 118.096
Lineage, total (52 cities).
do
20, 884 21, 376 22, 411 20,233
20, 372
Classified
do
81,053 82,493 91,147 93,314 97, 723
Display, total
do
3,067
2,366
6,603
3,581
4,932
Automotive
...do
1,209
1,278
1,449
1,574
1,732
Financial
do
15, 045 15,888
18,749
14.028
18,411
General
do
61, 663 63,031
66,073 66, 509 78, 540
Retail
do
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
84.4
69.0
80.3
78.0
90.5
290.8
85.5
65.0
82.0
79.8
76.6
329.7
81.7
61.8
80.0
74.0
89.8
337.7
84.8
70.1
78.5
79.1
76.6
355.6
7,023
647
25
0
41
2,318
49
714
0
836
2,045
6,567
617
33
0
53
2,194
39
691
0
796
1,859
285
7,404
747
50
0
64
2,501
38
818
0
885
2,020
281
6,678
657
25
0
54
2,241
39
746
0
870
1,781
264
7,034
745
66
0
74
2,277
65
857
0
921
1,844
186
6,471
640
37
0
129
2,101
18
792
0
887
1,718
148
5,813
496
32
0
97
1,669
23
771
0
1,000
1,583
141
5,855
520
58
0
109
1,657
23
818
0
1,048
1,494
128
8,023
1,186
272
67
320
1,457
194
211
122
654
1,266
2,274
1,929
11, 536
1,475
495
195
376
2,099
377
500
148
591
2,183
3,096
2, 294
14, 243
2,153
829
395
431
2,255
636
421
220
748
2,537
3,617
2,591
16, 818
2,997
1,020
808
508
2,180
1,025
468
203
684
2,508
4,419
2,715
15,715
2,854
921
757
435
2,013
1,035
471
233
692
2,249
4,056
2,356
13,279
2,616
715
603
486
1,893
759
454
100
636
2,187
3,23]
1,796
10,131
1,635
246
170
337
2,072
266
311
64
622
1,901
2,507
1,625
r 8, 387
1,033
405
58
245
1, 695
215
370
123
431
1,558
2,253
1,784
86, 651 111,815 111, 160
18, 318 22.147 22, 824
68, 333 89, 669 88,335
3,458
4,768
6,055
1,403
1,695
2,105
14,024
17, 655
17,414
49,448 65,792 62, 520
112,377
22,692
89,685
6,075
1,615
18, 538
63,456
105, 086
21, 785
83, 301
5,345
1,663
17,408
58, 886
85, 407
20, 570
64, 838
3,496
2,120
13, 999
45, 222
90, 526
21,115
69,410
3,512
1,349
12, 527
52,022
87,418
19, 556
67,861
2,446
2,301
12,771
50,343
GOODS IN WAREHOUSES
Space occupied, merchandise in public warehouses
percent of total
70.9
19.5
70.8
70.4
70.4
70.2
70.4
70.7
'70.2
70.0
1,793
1,943
2,210
1,821
2,226
1,874
2,190
1,712
1,724
1,718
1,252
1,431
1,244
1,221
1,447
1,356
1,435
1,427
1,386
4,067
37,996
4,654
42, 202
4,234
39, 227
4,140
36,900
4,662
41,891
4,171
38,119
4,248
39,229
4,170
38,165
3,907
36,858
NEW INCORPORATIONS
Business incorporations (4 States)
number._
1,471
1, 614
1,723
POSTAL BUSINESS
Air mail:
Pound miles performed
millions..
1,235
1,299
Money orders:
Domestic, issued (50 cities):
Number
thousands..
3,907
3,775
4,170
Value
thous. of dol.. 37, 262 36, 651 39, 485
' 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.
3,906
37,098
24
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
November 1939
1939
1938
September
September
Novem- DecemOctober
ber
ber
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
POSTAL BUSINESS—Continued
Money orders—Continued.
Domestic, paid (50 cities):
Number
Value
Foreign, issued—value
Receipts, postal:
50 selected cities
50 industrial cities
thousands
thous. of dol.
do-._
12, 624
97,376
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
2,079
13,724
99, 757
2,066
13,918
01, 345
2,210
12,142
91, 709
2,069
13,130
99, 498
2,205
do___
do__.
30,038
3, 413
29, 526
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
30,922
3,687
20. 791
3,587
25, 464
3,271
28, 233
3,540
56.0
83.0
37.1
60.0
55.1
85.0
99.1
100. 0
96.1
92.5
70.8
91.0
71.2
96.0
106. 7
88.0
106.3
79.5
107.1
79.0
101.2
79.0
87.5
80.5
114.5
127.0
109.4
122.0
108.0
120.0
109.5
121.2
112.9
127.0
107.5
118.0
108.8
112.7
109.8
130.0
110.0
117.6
110.0
119.0
111.0
118.0
112.0
126.0
113.0
124.0
107. 2
109.4
93.0
94.9
94.9
94.4
96.7
96.7
101.1
98.1
93.5
96.4
98.7
98. 2
100.5
99.5
102. 0
99.0
102.9
101.4
100.8
99.3
97.6
99.6
99.0
103. 1
96.1
100. 5
94.1
98.5
102.2
100.2
193.6
104.9
73.6
98.7
79.7
95.5
85.0
98.8
97.6
97.1
96.3
96.3
95.8
100.8
91.3
102.6
89.5
101.0
2,833
132
2,819
133
5,952
133
1,998
133
1. 959
132
2,442
133
2,869
133
2,733
133
2,712
132
2,502
132
2,446
133
11,125
12, 353
685
685 |
11,972
686
24,114
687
8,801
680
9,058
681
10, 606
683
11,940
683
11,401
682
11,293
683
10, 369
685
10, 578
683
RETAIL TRADE*
Automobiles:
Value of new passenger automobile sales:
Unadjusted
1929-31 = 100-.
Ad justed
do
Chain-store sales:
Chain-Store Acre Index:
Combined index (20 chains)
av. same m o n t h 1929-31 =100_.
Apparel chains
do._.
Grocery chain-store sales:
Unadjusted
1929-31=100
Adjusted
do..
Variety-store sales:
Combined sales of 7 chains:
Unadjusted
do__
Adjusted
do
H . L. Green Co., Inc.:
Sales
thous. of dol..
Stores operated
number-.
S. S. Kresge Co.:
Sales
thous. of doL.
Stores operated
number_
S. H . Kress & Co.:
Sales
thous. of dol.
Stores operated
number.
M c C r o r y Stores Corp.:
Sales
thous. of dol.
Stores operated.
number.
G. C. M u r p h y Co.:
Sales
thous. of dol.
Stores operated
number.
F . W . Woolworth Co.:
Sales
thous. of doL
Stores operated
numberR e s t a u r a n t chains (3 chains):
Sales
thous. of dol.
Stores operated
numberOther chains:
W . T . G r a n t & Co.:
Sales
. . t h o u s . of dol.
Stores operated
number.
J. C. P e n n e y Co.:
Sales
t h o u s . of d o l .
Stores operated
numberD e p a r t m e n t stores:
Collections:
Installment accounts
percent of accounts receivable.
Open accounts
do
Sales, total U . S., unadjusted.__1923-25=100..
Atlanta
.do...
Boston..
_.
do...
Chicago
do...
Cleveland
do...
Dallas
do__.
Kansas C i t y
1925=100
Minneapolis
1929 31 = 100New York
_. 1923-25 = 100Philadelphia
do__.
Richmond
do...
Pt L o u i s . . .
__
do...
San Fran cisco t
. . . .
. d o
Sales, total U . S., adjusted
.do...
Atlanta
do...
Chicago
do...
Cleveland
.
_
do
Dallas
".do...
Minneapolis
1929-31=100
N e w York
1923-25 = 100.
Philadelphia..
do
St. Louis
...do.
San Franciscnt.
do
Installment sales. N e w E n g l a n d d e p t . stores
percent of t o t a l s a l e s .
Stocks, total U . S., end of m o n t h :
Unadjusted
1923-25=100.
Adjusted
do
Mail-order and store sales:
Total sales. 2 companies
thous. of dol_
Montgomery Ward & Co
do___
Sears, Roebuck & Co
_.do___
r
2, 513
132
11,513
683
r
63. 7
'76. 5
6, 596
240
6,179
238
6,827
238
6,613
238
14.429
238
5, 055
238
5,163
238
5,969
238
6,315
239
6,818
239
6,406
239
6, 225
240
6,490
240
3, 354
200
2, 955
200
3,294
200
3,186
200
7, 003
200
2, 535
202
2,738
202
3,196
202
3,648
202
3,300
202
3, 420
202
3,158
201
3,136
200
3,789
201
3,308
201
3,811
201
3, 594
201
7, 223
201
2. 686
201
3, 205
201
3,848
201
3,741
201
3,758
201
3, 564
201
3,470
201
25, 810
2,01
23,491
2,013
26, 774
2,017
25,295 '
2,018
50, 379
2,017
19,653
2,014
23,104
2,012
25,919
2,008
24,725
2,005
24, 662
2,013
24, 340
2, 015
24,123
2,014
0)
1
C)
3, 269
340
3, 460
337
3, 275
336
0)
(0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0)
0)
8, 23f
495
7,640
484
8,970
487
8,635
489
17,990
491
5,531
5,748
489
7,164
489
8,376
489
8,496
491
8,386
493
7,298
493
7,210
494
26,138
1,552
22, 379
1, 537
26, 820
1,538
27,196
1,539
38,928
1,539
16, 523
1, 539
14.613
1,540
18, 736
1,542
21,281
1,544
22, 233
1,545
22, 235
1,543
19, 502
1,544
20, 693
1,548
17.2
44.0
97
133
84
102
96
115
90
116
97
15.8
42.0
91
120
73
96
89
117
'89
107
94
67
110
93
17.0
46.6
92
126
86
91
87
113
92
109
98
75
127
92
97
84
106
82
82
100
92
85
65
81
93
17.0
47.1
16.4
47.1
69
91
64
69
67
87
67
75
68
49
88
105
96
89
68
82
103
17.2
46.4
156
203
138
157
152
182
151
147
164
127
209
143
170
89
119
94
93
105
97
92
70
87
100
69
81
88
115
86
88
114
91
86
68
87
99
16.2
43.9
69
101
54
67
71
89
64
63
71
52
75
68
83
87
115
84
87
105
86
86
68
79
99
18.6
46.6
82
116
68
92
82
99
87
97
80
65
105
82
89
88
125
98
92
105
96
91
70
88
99
17.2
45.3
88
119
75
89
92
104
82
97
86
67
102
89
96
88
115
86
84
104
95
89
68
86
98
17.3
46.9
87
118
75
89
89
105
86
94
85
70
115
86
93
85
116
88
84
105
94
88
71
86
97
16.7
46.8
83
108
76
89
82
90
74
95
87
65
105
75
88
86
119
91
85
101
95
90
66
82
97
16.0
45.3
60
88
49
61
63
72
61
69
63
46
73
62
81
86
126
85
83
103
97
89
67
90
99
16.8
43.6
69
114
55
77
73
83
79
89
67
50
86
70
94
89
146
95
87
107
102
90
67
94
•"100
11.1
10.3
7.1
11.6
11.8
10.2
8.5
9.0
7.7
9.5
15.5
65
68
69
68
69
67
68
66
64
67
60
67
65
'67
101,936
42, 323
59,613
98,070
41,302
56, 768
77, 393
33, 452
43, 941
87, 257
38,998
48, 259
118
98
98
92
142
98
93
104
104
93
127
93
86
105
92
95
87
11.1
11.5
96
93
118
89
96
106
82
118
95
108
7
68
70
67
74
67
78
67
62
66
107, 493
44.743
62, 751
87, 722
38, 556
49,167
100.012
46, 667
53, 345
93,510
42, 295
51,215
125, 706
57. 085
68, 622
60
67
58, 320
24, 7fi9
33, 551
20, 686
2,011
59, 865
24. 964
34,901
92, 831
85, 497
41.59
35 730
49, 768 1 51,236
Revised.
Discontinued pending receipt of revised data from one cooperator.
•Reports showing percentage changes in sales of chain drug stores and chain men's wear stores are available from the Washington. D. C.,office of the Bureau of Foreign
and Domestic Commerce The Bureau of the Census has available percentage changes for (1) Independent store* in 27 States and 4 cities, by kinds of business. (2) Wholesalers' sales, by kinds of business, (3) Manufacturers' sales by kinds of business
tRevised series. Indexes of department store sales in San Francisco area revised beginning 1919: data not shown on p. 24 of the August 1939 Survey will appear in a
subsequent issue,
'"' '
1
25
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the Sep1938 Supplement to the Survey
tember
October Novem- December
ber
DOMESTIC
R E T A I L TRADE—Continued
Rural sales of general merchandise:
Total U. S , unadjusted
1929-31 = 100..
Middle West
do....
East
do
South
do
Far West
do
Total U. S., adjustedf
do
Middle Westt
do _ .
Eastf
do
Southf
do..
Far Westt
do.. ,
132.6
116.3
126.4
165.6
162.3
125.4
113.5
128.6
150.0
138.7
1939
1938
September
121.1
107.9
117.6
148.9
141.6
114.6
105.3
119.6
134.9
121.0
140 9
123.3
139 8
189 3
153.4
108.5
97 1
108.6
127.7
127.7
January
February
March
April
May
June
July
August
TRADE—Continued
147.2
135.7
144.1
177.8
161.5
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
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
US. 5
131.0
118.7
132.0
156.6
144.0
120.2
110.2
116.6
144.8
125.8
130.8
UK. 0
122.4
164.3
140.9
120. 5
113.3
118.8
137.6
131.8
131.2
119.6
129.1
162.2
146. 6
120.0
109.9
122.8
133.3
137. 3
131.7
116.4
133.8
165.8
144.1
91.1
81.8
88.3
103.8
115.2
124.8
110.9
124.1
152. 8
140.5
107.2
99.1
105. 8
111.7
134. 6
131. 1
120.1
132.7
155.0
146.1
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (U. S. Department of
96.4
93.5
93.0
93.4
Labor) t
-1923-25=100..
100.1
92.0
92.4
93.3
94.0
92.2
93.6
94.3
94.1
82.9
'84.1
Durable goods
do . . .
89.7
75.9
79.7
82.9
83.8
82.3
83.3
84.1
84.8
84.0
84.6
Iron and steel and their products, not
90.2
'92.3
including machinery
1923-25=100__
96.3
84.3
86.7
89.5
90.2
88.8
90.0
91.3
91.3
89.7
90 4
Blast furnaces, steel works, and rolling
94.6
95. 3
'97.0
mills
1923-25 = 100..
101.0
87.8
89.2
93.1
94.4
94.2
94.8
95.6
95.7
95.7
Hardware
do....
83.1
70.4
83.7
88.8
90.8
89.2
87.6
87.4
85.0
80.1
72.1
69.0
'75.6
Structural and ornamental metal work
1923-25 = 100..
73.8
59.9
60.5
60.1
61.3
61.1
63.4
65.6
66.3
66.5
67.1
'71.5
68.8
Tin cans and other tinware
do
107.3 102.5
90.6
88.9
88.4
87.0
87.9
89.8
92.7
93.6
100.2 ' 107.4
97.7
Lumber and allied products
do....
69.9
65.3
65.2
64.7
63.7
61.4
62.0
62.1
63.9
66. 8
' 68. 7
65. 0
66.3
84.6
Furniture
do
90.7
83.5
84.3
84.1
84.4
80.7
83.3
83.4
82.4
'87.5
81.4
83.2
Gl.l
Lumber, sawmills
do
63.2
59.9
59.5
58.6
57.0
55.0
55.0
55.0
58.0
'62.7
60.2
60.9
Machinery, not including transportation
' 96. 8
equipment
1923-25 = 100..
100.3
85.4
87.3
89.6
91.9
91.5
93.5
94.6
95.0
94.9
95.7
95.6
Agricultural implements (including tractors)
1923-25=100..
116.7
94.4
97.9
101.0
110.3 116.4
127.0
130.5 129.4
122.8
113.0 '114.4
118.7
Electrical machinery, apparatus, and sup'87.8
plies
1923-25 = 100..
92.6
78.1
81.4
83.9
84.6
82.8
84.3
85.9
86.8
86.6
86.8
80.5
Engines, turbines, water wheels, and
'96.8
97.4
96.2
windmills
1923-25=100..
99.3
82.6
82.9
83.0
84.8
86.6
90.0
93.2
95.7
99.0
Foundry and machine-shop products
82.1
82.6
'84.1
1923-25=100.85.7
75.4
75.2
76.5
79.3
79.4
80.9
81.6
82.0
82.6
129.6 ' 135. 9
Radios and phonographs
do
147.3
103.3
119.3
131.3
130.4
119.8
113.2
1093 104.5
106.5
119.9
91.4
'94.6
Metals, nonferrous, and products
do
100.1
87.3
91.5
94.9
94.5
91.7
93.1
93.8
92.9
92.0
91.3
104.0 ' 107. 7
Brass, bronze, and copper products .do
114.0
97.9
101.8
106.1
105.8
103.8
104.4
104.8 103.9
104.7
104.2
79.7
'80.8
Stone, clay, and glass products
do....
81.1
73.3
75.7
77.3
76.2
71.9
72.1
75.1
78.5
78.5
80.5
61.5
'61. 8
Brick, tile, and terra cotta
do
62.0
55.0
55.9
56.3
55.1
52.5
51.7
53.4
57.6
57.6
61.3
96.3
'r 9 8 . 5
Glass
-do-...
100.0
87.4
93.1
98.0
99.0
95.3
95.2
96.4
97.8
97.4
99.0
79.1
76. 3
91.2
90.8
Transportation equipment
...do
98.8
64.4
80.2
92.3
96.9
96.6
96.8
96.5
96.1
75. 4
'71.8
93.3
91.6
Automobiles
do
101.1
64.9
86.3
101.9
106.8
106.1
104.4
103.8 101.8
103. 6 ' 108.1
101.8
Nondurable goods
do....
109.9
107.3
104.6
103.1
103.8
101.7
103.5
104.0 103.0
101.6
Chemical, petroleum, and coal products
1923-25=100-.
117.6
114.6
114.9
114.6
114.3
113.2
113.4
116.0 116.6
112.9
110.4 ' 109.1
109.8
Chemicals..
do
123.7
114.5
116.8
119.3
119.0
117.5
118.1
118.6 117.0
117.1 ' 119.1
116.5
116.5
122.2 ' 122.1
Paint? and varnishes
do....
123.1
117.2
117.6
117.1
117.1
116.5
117.2
119.7 122.5
123.4
124.3
121.8
Petroleum refining
do
123.2
122.2
120.7
120.1
119.2
118.2
117.5
117.4 117.2
118.1
120.5
122.7
Rayon and allied products
do
300.3
302.2
301.4
299.9
298.4
300.3
305.9
303.8
302.4
295.7
286.2
297.0 ' 255.1
Food and kindred products
do....
149.7
150.2
133.9
127.6
123.8
116.9
114.2
115.4 117.6
120.5
127.2
135.0 '147.1
Baking
do
147.9
146.3
145.0
145.3
144.2
141.0
142.2
142.8 142.7
146.1
147.4
147. 8 ' 146. 9
96.9
99.4
Slaughtering and meat packing
do
101.2
97.0
99.0
102.3
104.0
101.4
96.1
94.0
93.3
100.7 ' 100. 2
92.5
94.1
Leather and its manufactures
do
98.1
98.2
95.4
90.4
94.3
99.0
103.0
103.9 100.2
99.7 ' 100.8
91.0
92.5
Boots and shoes
..do
96.9
98.8
94.7
87.8
92.3
97.7
102.4
103.8
99.6
99.1 ' 100.4
111.2
109.8
Paper and printing
do
112.9
109.4
110.6
112.3
113.2
110.6
111.0
111.1 111.1
110. 1 ' 110.9
106. 7
106.1
Paper and pulp
do
108.6
104.0
104.8
105.9
106.3
105.5
106.3
105.9 106.3
105. 8
107.0
81.2
80.1
Rubber products
do
86.0
75.8
77.6
82.3
83.5
81.3
81.5
82.8
82.1
78.7
' 82. 6
66.7
66.2
66. 6
Rubber tires and imier tubes..
do
70.2
61.4
63.0
65.6
66.7
66.6
65.6
66.7
66.7
'68.3
99.4
98.0
98.2 ' 103. 5
Textiles and their products
do
104.3
101.3
100.9
100.2
101.9
100.9
104.6
104.9 101.9
90.3
89.6
91.2
Fabrics
do
93.4
88.4
89.0
91.5
93.8
92.8
94.1
93.1
90.7
'93.1
115. 6
112.6
109.5 ' 122.1
Wearing apparel
do....
124.4
125.9
123.3
115.3
115.5
114.4
123.9
127.0 122.8
64.2
65.2
65. 4
Tobacco manufactures
do
66.4
67.8
67.7
68.3
66.6
60.5
63.7
60.9
63.1
'66.6
93.3
94.3
' 95. 3
'96.0
Factory, adjusted (Federal Reserve)!
do
97.4
' 89.4
90.2
92.8
94.4
94.6
94.3
94.0
93.8
82.9
83.9
' 84, 7
'85.5
Durable goods
do
88.9
'75.6
78.3
82.1
83.7
84.4
84.2
83.7
83.9
Iron and steel and their products, not
89.6
90.6
92.5
90.3
including machinery
1923-25=100.
95.6
83.6
85.8
89.1
90.9
90.7
90.4
90.7
90.5
Blast furnaces, steel works, and rolling
94
96
96
97
mills
1923-25=100.101
88
89
93
95
95
94
94
95
70
Hardware
do—
84
71
83
89
91
89
87
87
84
78
72
Structural and ornamental metal work
67
67
1923-25=100.71
58
59
60
62
63
66
67
67
95
95
98
95
Tin cans and other tinware
do
98
93
88
91
93
94
95
95
96
64.8
65.3
66.1
' 66. 4
Lumber and allied products
do
67.2
62.8
62.4
64.0
65.0
65.7
65.1
63.2
64.2
84
85
86
Furniture
do....
87
80
79
80
83
84
85
85
85
59
59
60
Lumber, sawmills
do
61
58
57
59
59
60
59
56
57
Machinery, not including transportation
94.4
96.1
95.4
'97.3
equipment
1923-25=10099.8
85.1
86.8
89.2
91.7
92.3
94.0
94.8
94.9
Agricultural implements (including trac119
115
118
'121
tors)
1923-25 = 100..
123
100
104
104
110
114
123
124
122
Electrical machinery, apparatus, and sup87
87
plies
1923-25=100..
92
78
81
83
85
84
85
86
87
Engines, turbines, water wheels, and
95
95
93
windmills
1923-25=100-99
82
85
87
88
92
91
91
91
97
Foundry and machine-shop products
81
83
83
'85
1923-25 = 10086
75
75
77
79
80
81
82
82
121
122
131
126
Radios and phonographs
do
127
89
98
117
123
126
129
130
124
92.8
94.7
92.8
'96.2
Metals, nonferrous, and products
do
98.9
86.2
88.4
91.9
93.1
93.3
93.4
93.4
93.2
104
105
106
109
Brass, bronze, and copper products.do
114
98
101
106
106
105
104
104
103
75.4
77. 5
78.4
'78.1
Stone, clay, and glass products
do....
78.3
70.7
73.2
76.8
77.8
79.6
77.4
77.4
77.9
55
57
58
57
Brick, tile, and terra cotta
do
58
52
53
56
57
61
59
58
58
96
98
98
Glass
..do....
100
87
92
98
99
100
95
95
97
'99
87.2
88.9
Transportation equipment
do
101.4 ' 6 9 . 8
80.3
90.6
93.2
94.1
92.9
91.2
91.1
'90.0
'89.6
89
Automobiles
do
104
' 72
86
99
102
102
98
97
96
'90
'Revised.
tRpvised series. Rural sales of general merchandise adjusted for seasonal variations revised beginning January 1934; see table 37, p. 17, of the August 1939 issue. Data
for employment and pay rolls without adjustment for seasonal variations beginning 1933 and for the entire series on employment adjn sted for seasonal variations have been
revised to the Census of Manufactures for 1935 and 1937. For total, durable, and nondurable goods indexes, see table 42, p . 17, of the October 1939 issue and tables 1 and 2,
p p . 15-16, of the December 1938 Survey. For individual industries and industrial groups, data for 1935 to date are available upon request . Earlier figures are correct as shown
in tables 76 and 77, p p . 13-18, of the November 1938 issue.
187096—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
1939
November 1939
1939
193S
Septem- Sepber
tember
October Novem- December
ber
January
February
March
April
May
June
July
August
E M P L O Y M E N T CONDITIONS AND W A G E S — C o n t i n u e d
EMPLOYMENT—Continued
Factory, adj. (Federal Reserve)!—Continued
Nondurable goods
1923-25=100..
105.5
Chemical, petroleum, and coal products
116.2
1923-25=100. .
122
Chemicals
do.
124
Paints and varnishes
do
122
Petroleum refining
do.
297
Rayon and allied products
do.
121.4
Food and kindred products
do
146
Baking
do
102
Slaughtering and meat packing
do
97.2
Leather and its manufactures
do
95
Boots and shoes
do
112.5
Paper and printing
_
do
109
Paper and pulp
do
86.1
Rubber products
do
70
Rubber tires and inner tubes
do
103.4
Textiles and their products
do
94.0
Fabrics
do
120.1
Wearing apparel
do
64.2
Tobacco manufactures.
do
Factory, unadjusted, by cities and States:
City or industrial area:
98.7
Baltimore
1929-31=100..
74.3
Chicago
1925-27=100..
90.0
Cleveland....
1923-25=100..
107.1
Detroit
..do
98.0
Milwaukee
1925-27= 100..
95.3
New York
do
93.9
Philadelphia
1923-25=100..
72.5
Pittsburgh
do
87.1
Wilmington
do
State:
103.9
Delaware
do
82.3
Illinois
1925-27=100..
129.2
Iowat...-1923-25=100..
101.6
Maryland
1929-31 = 100_.
Massachusetts
.
1925-27= 100.
82.8
New Jersey
1923-25=100..
87.5
New York.
_
1925-27= 100..
91.0
Ohio
1926=100..
79.5
Pennsylvania—
_
_. .1923-25= 100..
90.9
Wisconsin f
1925-27=100..
Nonmanufacturing, unadjusted (U.S. Department of Labor):
Mining:
49.4
Anthracite
1929=100..
Bituminous coal
do._.
85.7
Metalliferous
do
61.7
Petroleum, crude, producing
do...
64.
Quarrying and nonmetallic
do___
48.0
Public utilities:
Electric light and power, and manufactured
gas
1929=100.
93.8
Electric railroads, etc
do._.
69.7
Telephone and telegraph
do...
75.4
Services:
105.4
Dyeing and cleaning
do...
97
Laundries
do...
91.2
Year-round hotels
do_._
Trade:
87.1
Retail, total
do_._
99.5
General merchandising
do.__
83.8
Other than general merchandising_do._.
90.5
Wholesale
do...
Miscellaneous employment data:
48.0
Construction employment, Ohio__1926=100.
Federal and State highway employment:
Total
number. 277, 703
Construction (Federal and State), . d o . . . 142, 868
Maintenance (State)
d o . . . 134,835
Federal civilian employees:
United States
do...
District of Columbia.
do...
Railway employees (class I steam railways):
Total
thousands.
Index:
57.1
Unadjusted. _
1923-25=100.
55.9
Adjusted
do...
Trade-union members employed:
All trades
percent of total.
Building
do._.
Metaj
do...
Printing
do...
All other
do...
On full time (all trades)
do...
102.7
101.5
103.1
104.7
104.4
103.9
103.8
103.3
103.3
104.2
105. 4
112.9
113
118
121
112.6
115
118
120
300
123.4
143
99
96.5
96
109.2
105
76.5
63
98.9
88.1
119.0
64.4
113.3
119
118
120
297
127.4
144
100
97.6
96
110.6
106
81.4
66
100.0
90.5
116.9
65.0
113.7
120
119
119
297
128.8
144
100
98. 1
97
111.1
106
82.9
67
102.2
92.3
120.0
65.6
113.6
119
119
119
297
128.8
144
98
98.9
98
111.0
106
81.4
67
101.9
91.9
119. 5
65.9
112.9
120
118
119
301
125.7
144
96
99.0
98
111. 1
106
81.4
66
101.8
91.7
120.2
64.8
113.4
120
120
119
299
127.3
144
96
99.2
98
111.4
106
82.2
67
101.0
91.0
119.2
61.4
114.2
118
121
118
309
127.0
144
96
97.7
97
111.5
106
81.3
67
99.6
90 2
116.4
64.5
114.4
117
119
119
302
128.4
146
98
93.7
92
111.5
107
81.1
67
99.8
91.0
115.2
65.1
113.2
117
120
120
295
129.4
147
100
97.1
96
111.1
106
80.8
66
101.2
92.0
117.5
65.5
113. 6
115
122
121
298
127.9
147
101
98.7
98
111.8
106
79.7
67
104.2
94.7
121.1
65.7
299
126.7
144
98
97.2
97
109.0
104
75.8
61
100.3
89.0
121.4
65.7
105.9
p
111.7
119
125
122
'254
• 129. 7
146
'101
'97.4
96
'112.0
107
'83.6
68
' 1C4. 9
95.4
' 121.4
'65.2
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
65.9
82.2
87.2
70.6
82.3
102.9
92.4
86.9
90.9
66.4
86.9
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
66.7
90.6
90.3
69.8
82.2
96.0
94.5
88.0
90.8
67.2
92.1
91.7
70.0
81.8
62.4
92.9
85.5
90.0
65.8
91.6
91.7
70.5
81.4
86.7
94.3
83.6
91.0
67.6
88.4
92.6
70.9
80.3
59.5
92.2
83.1
91.9
67.5
85.3
93.8
72.2
82.8
89.4
94.3
91.1
93.3
'70.1
'82.6
94.2
73.7
126.9
91.9
71.8
75.7
80.3
80.8
' 73.5
83.1
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
90.8
72.6
76.9
80.3
84.9
75.4
81.5
91.9
76.1
131.0
91.6
73.8
77.7
81.3
86.4
76.2
82.4
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
81.9
86.0
76.3
82.7
95.2
77.8
129.0
94.5
74.8
77.9
82.7
87.1
76.5
83.6
97.0
77.6
131.1
95.5
73.1
77.5
82.0
86.6
76.2
83.7
96.7
77.6
131.9
95.8
71.6
78.0
80.4
85.2
75.0
84.5
93.7
78.1
133.2
95.8
71.2
78.9
80.9
85.5
75.8
86.9
92.7
78.3
129.2
96.7
73.3
78.1
80.6
'84.7
77.0
89.2
'97.6
80.7
129.2
90.5
75.5
80.8
84.0
'87.2
'78.5
90.0
46.4
83.4
55.2
71.5
44.6
52.4
87.2
57.9
69.5
44.4
51.0
88.6
61.9
68.3
44.4
51.3
89.3
62. 3
67.8
41.4
50.0
88.7
62.6
67.0
38.3
52.2
88.6
60.9
66.4
37.9
51.7
87.4
61.0
66.2
40.1
53.0
25.9
61.5
65.8
43.0
52.6
47.9
61.9
66.1
45.6
51.2
78.3
61.6
67.0
47.3
'44.7
'79,4
' 60.4
'67.3
47.5
'81.5
'60.2
'66.6
'48.2
92.5
69.3
74.9
92.5
69.9
74.7
91.9
69.5
74.4
91.4
69.4
74.3
90.0
69.2
74.1
89.6
69.3
73.3
89.6
69.5
73.4
90.3
69.1
74.1
91.0
69.6
74.7
92.3
69.9
75.3
93.2
69.7
75.4
'93.8
'69.8
'75.6
107.8
96.5
91.8
106.8
94.4
92.9
102.5
93.7
92. 5
97.9
93.4
92.0
94.2
93.3
91.8
92.1
92.8
92.6
95.4
92.9
92.7
102.2
93.5
93.2
107.0
95.5
93.9
110.1
98.7
92. 8
' 106. 5
100.0
' 90.3
' 102. 6
'99.2
'89.9
84.7
97.0
81.5
88.5
85.9
99.4
82. 3
89.1
86. 9
104.5
82.3
98.1
144.1
86. 0
90.0
82.2
90.7
80.0
88.3
81.5
88.8
79.6
87.9
83.8
93.2
81.3
87.4
85.5
96.9
82.5
87.3
85.7
96.8
82.8
87.2
86.4
97.4
83.5
88.1
'83.6
'91.7
'81.5
87.9
82.4
'89.6
' 80. 5
'89.0
87.2
67.2
76.9
72.1
84.4
87.7
84.4
62. 1
35.8
34.7
35.2
32.0
28.7
28.6
32.4
35.0
43.0
43.6
50.0
48.0
337, 638
164,444
173,194
350,090
164,696
185, 394
341,832
138. 512
203, 320
266,629
103,491
163,138
201, 307
73,116
128,191
176,079
58,815
117, 264
169,155
58, 622
110, 533
187, 523
78,394
109,129
220, 923
104,804
116,119
252,316
130,743
121,573
264,502
138, 345
120,157
274,949
142, 788
132,161
872, 644
118,172
873, 853
118,455
869, 389
119,107
919,161
120,852
864,342
120,229
875, 541
120, 445
879, 504
120,873
885,766
122,003
903,112
122, 792
925,982 ' 928,195
123, 541 ' 124,015
932,953
124, 610
979
992
977
961
948
958
966
967
974
1,010
1,019
1,022
53.9
52.9
54.7
53.2
53.8
53.4
52.8
54.2
52.2
54.4
52.7
54.8
53.1
54.6
53.2
53.6
53.6
53.0
55.6
54.4
56.1
54.7
56.2
54.9
85
67
78
88
89
65
84
65
78
88
89
65
85
66
79
87
90
66
86
68
82
88
91
67
87
71
83
90
91
69
88
75
83
90
91
89
78
84
90
92
70
88
76
84
90
91
70
88
75
85
89
92
71
85
68
74
66
70
LABOR CONDITIONS
Average weekly hours per worker in factories:
National Industrial Conference Board (25 inr
dustries)
hours.
38.2
36.2
36.7
36.9
36.6
36.6
36.8
36.9
36.8
36.5
37.2
'37.5
37.9
36.5
37.2
36.9
36.8
'37.5
36.6
36.6
U. S. Department of Labor (87 industries)!
37.2
hours
36.9
37.4
36.5
37.1
36.3
36.9
37.1
36.4
36.7
37.2
36.6
38.0
36.7
36.6
36.3
36.4
37.1
37.1
' Revised.
fRevised series. Iowa employment revised beginning July 1937; revisions aje shown on p. 26 of the March 1939 Survey. Wisconsin employment and pay rolls have been
adjusted, beginning 1929, to trends indicated by Census data. Indexes not shown on p. 26 of the November 1938 Survey will appear in a subsequent issue. For data on factory employment, adjusted (Federal Reserve) revised, see footnote marked with a " t " on p. 25. For average weekly hours per worker in factories, see note marked with
a " f on p. 29.
27
SURVEY OF CURRENT BUSINESS
November 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
September
1938
SepNovem- Decemtember October
ber
ber
1939
January
February-
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
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-.ino. rate per 100 employees..
Separation rate:
Total.
do
Discharge
do
Lay-off
do
Quit
do....
222
384
256
406
207
372
177
310
r
' 178
298
179
'305
'196
'318
96
133
990
53
113
842
43
75
558
38
62
513
'50
'71
'513
67
86
'536
'42
62
'601
7,966
523
281
203
7,743
565
292
208
7, 529
503
251
178
7.216
477
230
161
7,434
644
199
130
7,080
483
181
126
6,749
500
254
185
'226
'364
'221
'369
391
93
'419
453
' 4, 877 ' 3, 516
6,545
478
270
195
6,382
516
333
242
'203
'341
'188
'304
'58
122
'936
170
'205
' 1,137
6,283
570
344
251
6,101
494
286
213
» 5, 789
« 558
"336
° 254
"4.4
65
v 95
P
P900
2.5
2.7
2.4
2.2
1.7
1.8
2.7
3.0
3.8
4.0
3.5
6.17
4.51
5.19
4.24
3.22
' 4.09
3.06
3.34
2.95
3.29
3.92
4.19
5.06
2.79
.14
1.58
1.07
3.56
.12
2.62
.82
3.30
.12
2.40
3.14
.10
2.44
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
3.48
.13
2.67
.68
3.31
.12
2.46
.73
2.72
.12
1.91
.69
3.01
.14
2.05
93.7
87.8
81.6
68.1
84.2
74.6
84.4
77.6
87.1
79.6
83.7
76.0
86.0
77.7
87.6
79.4
85.5
79.5
85.0
78.8
86.5
80.7
84.4
76.0
'89.8
'81.6
PAY ROLLS
Factory, unadjusted (U. S. Department of
Labor) t
1923-25 = 100..
Durable goods
do
Iron and steel and their products, not including m a c h i n e r y . . . . .1923-25=100Blast furnaces, steel works, and rolling
mills
1923-25 = 100-.
Hardware
do
Structural and ornamental metal work
1923-25=100..
Tin cans and other tinware
do
Lumber and allied products
do
Furniture
do
Lumber, sawmills
do
Machinery, not including 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
1923-25=100.Radios and phonographs
do
Metals, nonferrous, and products
do
Brass, bronze, and copper products do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
do
Transportation equipment
do
Automobiles
do
Nondurable goods
do
Chemical, petroleum, and coal products
1923-25=100-.
Chemicals
do
Paints and varnishes
do
Petroleum refining
do
Hayon 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, unadjusted, by cities and States:
City or industrial area:
Baltimore
1929-31 = 100..
Chicago
1925-27=100..
Milwaukee
do
New York
do
Philadelphia
1923-25= 100..
Pittsburgh
do....
Wilmington..
do.
State:
Delaware
do
Illinois
1925-27=100..
Maryland
1929-31 = 100.
Massachusetts
1925-27=100
New Jersey
1923-25=100
New York
_
1925-27=100..
Pennsylvania
1923-25=100.
Wisconsin!
1925-27=100.
r
Revised.
fRevised series,
" t " on p . 26.
91.3
70.1
81.0
82.7
79.5
81.7
83.6
82.0
80.2
82.6
78.6
87.8
95.1
90.9
69.6
67.9
76.1
89.2
84.3
96.4
85.7
93.2
84.5
84.6
85.9
81.6
87.3
84.7
85.2
79.3
82.3
77.6
85.9
73.8
82.0
65.4
92.5
'79.8
63.7
120.3
63.4
78.8
56.1
48.2
104.5
59.6
71.9
54.5
49.0
90.5
59.7
72.2
54.3
48.6
88.8
55.9
68.5
50.0
51.6
89.2
55.7
71.5
48.3
50.2
87.9
51.7
63.6
45.7
53.0
87.1
52.7
69.6
44.3
55.9
94.0
53.6
69.8
45.7
57.7
95.4
55.4
67.0
49.9
57.3
98.2
58.0
66.6
54.2
58.8
103.2
60.1
68.5
55.9
59.0
102.8
56.4
68.5
50.4
100.7
77.8
81.1
83.2
88.5
86.5
90.8
93.4
92.8
94.0
95.4
122.5
120.7
141.2
146.4
144.5
134.9
127.3
122.7
64.2
114.9
'62.9
' 75. 5
56.8
94.0
101.7
125. 6
r
' 124. 0
98.5
76.0
81.2
83.7
86.1
83.5
86.9
90.1
89.2
90.6
91.6
91.0
'93.4
116.2
87.5
87.9
89.1
95.3
95.7
104.0
109.0
111.9
114.0
114.3
110.2
' 113. 5
79.9
136.1
97.4
124. 6
71.1
49.0
104. 6
102.1
106.3
100.2
63.6
91.7
78.7
92.8
61.5
41.9
86.7
64.6
66.3
96.7
64.8
107.5
85.4
100.2
66.3
44.1
97.5
83.5
91.3
94.9
65. 9
117.3
87.0
103.9
67.3
42.3
103.5
95.6
107.6
92.1
70.8
118.1
87.1
103.0
67.0
42.8
104.3
97.7
107.4
95.4
69.8
106.3
81.7
96.9
60.4
39.8
96.6
93.2
101.3
92.4
72.8
96.3
85.3
100.4
61.6
38.6
97.9
91.6
97.3
95.3
74.2
93.4
86.2
102.7
65.5
40.4
100.0
91.7
97.0
96.7
73.5
88.7
83.2
99.9
66.4
43.0
93.8
94.2
99.5
92.2
75.0
92.3
84.0
103.5
67.7
43.8
96.3
87.3
88.0
91.9
76.9
104.5
84.0
103.1
70.6
50.1
100.8
88.9
88.6
93.0
74.8
113.6
83.5
106. 8
65.9
46.4
91.7
75.9
72.0
93.8
'78.4
' 122.8
'89.8
'113.4
'71.7
'50.1
'102.9
'79.2
'76.2
'99.0
124.4
139.7
126.9
134. 9
286.5
138.7
138.8
107.7
77.1
73.0
108.6
112.6
91.4
83.3
86.5
80.8
92.1
62.9
118.1
123.6
116.7
134.7
282.1
135.8
136. 6
105. 7
79.5
78.2
102.4
101.6
74.8
65.6
86.4
75.8
101.5
63.1
119.3
130.4
118.6
132.9
277.0
125. 4
132.8
106. 9
74.5
71.1
105.1
106.6
77.7
67.3
85.1
77.4
94.7
62.9
118. 3
130.4
110.0
133. 7
277. 1
120. 6
132.9
106. 9
66.4
60.0
104.5
103.0
83.0
73.3
80. 5
78.4
79.3
61.8
119.3
132.2
117.6
134.2
276.8
118.9
131. 5
109.4
74.8
69.8
108.5
103. 5
86.8
76.9
85.5
82.4
86.0
61.7
118.8
130.2
115.3
134.6
283.3
113.1
129.5
108.0
83.0
800
103.2
102.7
82.2
74.2
83.2
80.1
83.9
51.3
118.9
132.0
117.9
132.5
287.8
110.0
130.0
98.5
89.5
87.8
103.6
105.2
81.0
71.0
90.3
82.5
99.6
52.7
120.6
133.3
122.7
131.6
286.9
111.8
131.3
97.8
89.4
88.3
105. 4
105.6
83.2
74.1
91.4
80.6
106.8
53.3
119.5
130.2
125. 6
128.6
278.6
112.1
129.1
96.7
79.8
77.3
104.5
104.7
81.0
71.7
82.0
74.9
90.5
55.0
119.6
131.3
129.8
132.2
273.0
118.8
136.5
104.7
68.6
63.8
105.1
105.6
80.0
71.6
79.9
75.3
83.5
57.7
118.7
131.5
128.9
134.4
271.8
123.8
138.1
106.7
74.6
70.4
103. 5
104.5
82.1
74.8
79.6
75.6
82.3
61.5
117.8
130.8
124.0
131. 5
283.2
128. 5
139.1
109.2
83.6
81.9
102.0
101.2
81.3
77.1
79.4
76.6
79.9
61.8
'
'
'
'
'
'
'
'
118.3
62.8
96.4
86.4
95.8
92.8
85.8
94.0
54.0
81.1
83.6
82.7
66.7
75.4
96.7
55.2
84.7
80.6
83.8
73.6
75.9
55.9
89.9
76.0
84.5
78.6
76.4
99.4
58.5
92.8
79.0
89.6
80.0
84.2
96.0
57.1
88.8
77.6
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
86.9
91.1
83.5
88.2
102.5
57.3
94.7
79.5
87.3
81.1
90.0
107.2
57.8
92.8
77.7
88.4
79.8
89.1
110.5
58.7
96.5
76.9
91.9
85.0
88.5
110.6
59.1
92.4
76.3
93.1
79.9
83.3
114.0
61.3
98.1
85.5
'95.3
'92.1
'79.0
83.5
71.7
117.5
74.4
60.3
95.7
67.1
72.6
75.3
68.9
77.7
71.7
62.2
98.7
67.6
74.6
75.0
72.3
80.9
71.6
62.6
98.7
66.3
75.0
72.9
73.3
81.6
78.5
64.9
101.9
69.5
77.8
75.8
75.6
83.8
79.0
63.2
97 9
68.3
75.9
74.4
73.5
79.5
79.6
65.1
102 2
70.9
77.2
76.8
76.2
85.7
81.7
67.3
105.3
71.2
79.0
79.4
77.6
86.7
83.4
66.2
104.5
68.2
77.1
76 4
74.2
85.3
82.3
66.4
107.0
67.0
78.3
74.4
73.9
86.3
82.0
67.3
110.4
67.5
80.0
75.9
77.1
89.2
78.2
66.6
110.4
70.1
78.6
75.8
'75.8
86.6
'76.9
70.3
' 110. 2
72.1
82.3
80.2
'81.6
'91.6
84.5
82.4
81.8
90.1
118. 9
136.1
125.6
135. 9
246.6
135.1
135. 3
105. 8
'85.1
'83.5
' 103. 7
' 107. 7
'86.0
'78.5
' 88. 3
'80.2
'98.4
62.7
a
p Preliminary.
Excludes South Dakota.
For data on factory pay rolls (TJ. S. Dept. of Labor) see footnote marked with a "t' : on p. 25. For Wisconsin pay rolls, see footnote marked with a
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
November 1939
1938
September
1939
October Novem- December
ber
January
February
March
April
May
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Nonmanufacturirig, unadjusted (U. S. Department of Labor):
Mining:
40.0
Anthracite..
1929=100..
80. 6
Bituminous coal
do—
54.5
Metalliferous
do
60.7
Petroleum, crude, producing
do—
42.8
Quarrying and nonmetallic
do
Public utilities:
Electric light and power, and manufactured
100.8
gas
1929-100..
70.2
Electric railroads, etc
do.
92.5
Telcphone and telegraph
do.._.
Services:
78.4
Dyeing and cleaning
do.
84.4
Laundries.
do.
80.3
Year-round hotels
do
Trade:
72.3
Retail, total
__do.
General merchandising
do.
88.3
Other than general merchandising.-do
69. 0
Wholesale
...do...
WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
industries)
dollars..
27.58
U. S. Department of Labor (87 industries) f
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 tin ware
do—
Lumber and allied products
do—
Furniture
...do—
Lumber, sawmills
do
Machinery, not including transportation
equipment
..
dollars.
Agricultural implements (including
tractors)
dollars...
Electrical machinery, apparatus, and
supplies. . .
dollarsEngines, turbines, water wheels, and
windmills
dollars.
Foundry and machine-shop products
dollarsRadios 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
Chemical, petroleum, and coal products
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
.722
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
' Revised.
fRevised series. See note marked with "t" on p, 29,
29.4
71.9
46.1
66.5
38.4
43.4
78.3
49.2
63.7
39.2
68.4
92.6
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
60.9
30.2
45.2
81.2
53.4
62.7
29.7
34.2
77.8
53.6
61.3
33.1
43.4
17.6
52.6
60.8
35.9
57.0
20.4
54.1
61.2
39.7
36.1
66.5
53.8
62.5
41.7
99.9
68.9
95.3
93.0
98.2
69.7
92.5
95.9
71.1
92.0
96.4
69.9
91.7
70.5
91.9
96.9
69.6
92.1
98.8
70.1
93.7
81.7
81.4
78.9
78.0
79.5
80.8
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
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
83.4
66.8
74.7
71.3
86.6
68.1
74.8
25.73
26.14
26.32
26.02
25.95
26.11
26.25
26.27
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. 85
27.00
24.59
25.94
26.64
26.91
26.37
26.70
27.01
26.46
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
25.93
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
25.57
26.07
26.04
27.00
26.55
27.27
26.55
27.11
27.08
29.85
27.92
26.69
27.26
26.07
r
25. 2
'64.5
'48.5
'61.9
'40.9
' 33. 3
'74.9
'53.2
61.8
'43.0
100.2
71.2
93.7
' 100. 0
'70.6
94.6
101.0
'70.9
'95.2
83.0
83.9
82.4
84.2
86.9
82.0
77. 1
'88.0
'79.1
' 73. 0
'86.0
'79.4
71.5
86.7
68.3
74.9
72.5
88.1
69.3
75.8
'70.9
'68.2
'75.8
'67.0
76.1
26.19
26.79
' 26. 64
' 27. 29
23.90
26.92
' 24. 23
27.36
' 23. 71
' 26. 44
24.53
27.94
26.17
26.89
25.82
28.13
27.40
23.87
28.30
25.21
27.12
23.38
30.13
26. 03
28.06
23.19
20.08
19 74
19.94
27.71
23.66
20.73
19.86
21.00
28.13
23.82
20.96
19.91
21.26
27. 56
23. 12
' 19. 62
' 19. 47
27.67
27.45
27.86
27.97
29.96
30.19
30.00
29.56
28.85
27.17
27.63
28.09
27.57
28.11
28.42
'83.8
' 19.16
27.55
29.20
28.05
24.20
21.21
20.90
20.95
28.07
29.11
28.50
28.00
28.01
28.35
29.73
29.21
30.50
30.92
30.94
30.95
30.57
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
24.85
26.69
21.15
25.48
27.02
21.14
25.60
26.70
21.19
24.90
27.23
21.73
25.38
27.71
21.63
25.52
26.32
23.00
19.77
24.13
32.64
33.81
21.33
27.28
23.96
20.3?
25.47
33.88
34.98
21.35
27. 14
23.82
19.46
25.68
33.64
34.89
20.85
26.92
24.03
20.06
25. 76
32.72
33.22
21.53
25.79
22.98
19.65
24.72
31.32
31.55
21.28
26.42
23.43
19.47
25.04
30.69
30.80
21.49
26.98
23.72
19. 59
25.30
30.81
30.87
21.60
26.43
22.96
19.46
23.37
31.80
32.33
20.92
27.18
23.47
19.91
24.15
31.04
31.18
21.11
27.32
23.94
21.25
24.86
31.73
31.94
' 21. 33
28.36
29.90
27.70
34.58
24.02
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
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
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
28.52
30.72
27.80
35.30
23.80
24.75
25.26
27.69
18.62
17.11
28.61
23.85
28.40
33.76
17.00
16.82
17.61
16.92
28.63
30.63
27.34
35.75
24.22
24.96
25.47
28.05
19.71
18.54
27.80
23.82
27.72
32.59
16.75
16.55
17.38
15.59
28.55
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
28.36
31.08
28.30
35.20
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
16.22
27.90
30.66
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
15.86
17.84
16.08
28.81
31.00
29 12
35 10
23.70
25.48
25. 91
28.39
17.43
15.93
28.22
24.25
26.78
31.46
16. 35
16.01
17.43
16.60
' 29.37
31.07
28.62
34.99
' 24. 38
25.13
25.96
28. 25
' 18. 65
' 17. 28
28.10
24.13
27.88
33.06
'16.51
'16 20
17.46
' 17.25
.714
.714
.714
.713
.713
.713
.715
.717
.720
.721
.721
'.720
.632
.708
.637
.710
.645
.724
.648
.726
.651
.729
.726
.651
.727
.648
.726
.649
.724
.648
.724
.643
.718
.639
.716
.753
.753
.757
.757
.757
.754
.752
.753
.753
.757
.839
.658
.839
.680
.842
.689
.842
.667
.835
.660
.835
.651
.835
.655
.835
.655
.835
.651
.842
.655
.849
.625
.844
.667
.726
.599
.526
.524
.525
.720
.606
.520
.518
.520
.725
.607
.533
.524
.537
.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
.727
.609
.543
.530
.552
.721
.604
.543
.527
.552
.728
.605
.537
'.528
'.540
.728
.608
.541
.529
.548
30.36
26.95
21.71
' 25. 39
28.31
' 22. 60
19.58
' 23. 26
'31.06
' 31. 50
21.27
' 28.99
30.74
28.14
33.91
' 24. 47
24.61
' 26. 05
28.54
' 19. 72
' 18. 74
27.57
23.40
28.22
33.84
16.47
' 16. 24
'17.14
' 18. 52
31.01
27.78
22.38
26.24
28.76
24.26
21.17
25.53
33. 38
34.77
21.60
29. 64
31.63
28.47
34.76
24.81
23. 93
25. 49
27.77
19.65
18.54
28.04
24.65
28.44
33.73
17.22
16.66
18.80
18.04
.756
29
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
1939
1938
September
October Novem- December
ber
January
February
March
May
April
June
July
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
W A GES—C ontinued
Factory average hourly earnings—Continued.
U. S. Dept. of Labor (87 industries)!—Contd.
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
Chemical, petroleum, and coal products
dollarsChemicals
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.. . . . d o
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.Massachusctts
do
New Jersey
. 1923-25=100
New York
1925-27—100
Pennsylvania
1923-25=100..
Wisconsin t
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
0.721
0.717
0.720
0.721
0.724
0.725
0.728
0.727
0.725
0.725
0. 724
0.721
.771
.777
.794
.803
.794
.804
.803
.795
.787
.780
.785
.781
.737
.732
.730
.736
.744
.743
.745
.742
.744
.744
.743
.737
.788
.785
.786
.793
.788
.787
.788
.792
.787
.782
.779
.778
.710
.594
.661
.709
.577
.659
.711
.582
.662
.712
.582
.667
.713
.591
.668
.711
.577
.665
.715
.578
.669
.714
.586
.669
.710
.589
.672
.716
.583
.670
.716
.576
.671
.715
.576
.668
.713
.632
.516
.707
.897
.933
.577
.709
.640
.526
.716
.878
.906
.579
.710
.645
.531
.722
.906
.932
.580
.707
.651
.537
.723
.898
.924
.584
.701
.651
.540
.728
.899
.921
.585
.704
.648
.542
.720
!924
.586
.705
.651
.544
.716
.898
.926
.586
.704
.648
.535
.707
.898
.928
.582
.708
.646
.534
.706
.895
.931
.584
.707
.647
.538
.711
.803
.933
.582
.717
.646
. 531
.716
.884
'.928
.581
.712
.647
.539
.718
.888
.935
.579
.744
.781
.699
.984
.638
.576
.610
.686
.524
.501
.765
.613
.758
.946
.492
.462
.539
.458
.736
.775
.694
.976
.639
.598
.609
.685
.530
.506
.764
.613
.756
.944
.486
.459
.531
.456
.744
.776
.695
.979
.641
.612
.611
.685
.533
.508
.762
.612
.756
.952
.478
.460
.510
.462
.743
.781
.699
.974
.641
.619
.615
.679
.526
.499
.771
.613
.764
.961
.482
.461
.521
.469
.744
.780
.699
.980
.637
.628
.617
.683
.525
.498
.765
.616
.768
.957
.484
.462
.525
.481
.742
.780
.697
.970
.640
.632
.615
.684
.520
.488
.768
.611
.760
.953
.489
.461
.539
.474
.734
.780
.698
.973
.643
.629
.615
.689
.517
.492
.771
.614
.765
.957
.491
.462
.541
.474
.732
.777
.697
.973
.647
.627
.613
.694
.525
.501
.770
.612
.761
.947
.479
.457
.517
.474
.749
.776
.701
.970
.647
.632
.617
.689
.520
.502
.772
.616
.742
.944
.477
.459
.510
.472
.762
.777
.697
.972
'.643
.622
.618
.691
.527
.512
.770
.618
. 765
.947
.472
. 458
.498
.474
.770
.783
.704
.985
' .639
.615
.624
.687
.521
'.498
.770
.616
.773
.656
.471
.458
.495
.476
.770
.789
.707
.975
. 043
.595
.624
.688
.526
.493
.764
.618
.771
.962
.479
.458
.513
.472
113.5
94.1
101. 5
97.9
82.5
88.9
93.6
106.9
93.8
92.5
93.5
85.5
90.7
93.5
110.5
92.8
96.0
98.9
85.2
90.1
91.5
108.6
90.7
96.7
99.4
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
89.8
92.5
93.4
110.7
93.1
96.9
100.7
88.9
92.8
93.5
111.8
92.6
97.5
100.6
91.4
93.4
94.9
113.0
93.8
101.0
101.4
88.2
92.3
95.8
112.1
94.0
97.3
'95.9
'82.4
94.6
95.6
113.3
95. 4
' 103.0
100.4
.685
1.44
.677
1.43
.682
1.43
.682
1.43
.682
1.43
.682
1.43
.680
1.43
.680
.144
.683
1.44
.682
1.44
.684
1.44
.684
1.44
.685
1.44
84.0
94.5
35.42
34 92
36 09
36 26
.727
.725
.735
.735
,740
.750
.726
.732
.720
.719
.724
.714
.42
.59
.28
.50
.55
.45
66
.27
46
.38
.41
.59
.28
.50
.54
.46
.68
.28
.47
.36
.40
.59
.29
.50
.55
.47
70
.27
46
.36
.38
.63
.27
.51
.53
.50
.66
.26
.43
.36
.37
.59
.28
.52
.53
.51
.66
.27
.42
.35
.35
.60
.28
.56
.51
.48
.67
.27
.41
.38
.35
.60
.27
.57
.54
.50
.65
.27
40
.37
.39
.62
.30
.54
.55
.57
.67
.28
.42
.37
.40
.60
.28
.51
.55
.52
.63
.28
.45
.37
.41
.63
.29
.51
.56
.49
.65
.28
.45
.37
.43
.60
29
.52
.56
.49
.65
.29
.47
.35
.43
.61
.30
.51
.57
.47
.64
.30
.46
.37
311
320
326
325
316
310
318
309
308
304
'280
276
43
35
44
35
44
36
45
41
46
44
46
45
46
46
46
41
46
39
47
37
47
36
48
38
1
1
2
2
2
2
2
2
2
1
1
1
ALL PUBLIC RELIEF
Total, exclusive of transient care and administrative expense t
mil. of dol
Obligations incurred for:
Special tvpes of public assistance
do
General relief
do
Subsistence payments certified by the Farm
Security Administration
mil. of doLEarnings 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
projects!
work
and
construction
mil. of d o l . .
19
(
20
21
19
21
21
18
20
20
19
20
19
165
5
171
5
172
5
168
5
156
5
150
4
158
5
146
6
141
7
133
7
120
'2
108
3
2
4
2
4
2
4
2
4
2
4
2
4
2
4
2
4
2
4
0
3
38
39
37
36
34
35
40
46
54
'51
\
39
C)
4
54
' Revised.
• Less than $500,000.
Construction wage rates as of Sept. 1, 1939, common labor $0,685, skilled labor $1.44.
tRevised series. For classification changes, factory weekly and hourly earnings, and hours worked per week, see note marked with a " t " on p. 29 of the July 1939 Survey.
Farm wages revised beginning 1913; see table 53, p. 18 of this issue. Data on all public relief revised beginning with January 1933; figures not shown p. 29 of the April 1939
Survey will appear in a subsequent issue. Meanwhile, the historical record can be obtained from the Social Security Bulletin for April 1939. The revised series differ from
those previously published in that they include, in addition to earnings of persons certified as in need of relief, the earnings of all other persons employed on work or construction projects financed in whole or in part from Federal funds. Wisconsin weekly earnings revised beginning August 1937; data not shown on p. 29 of the July 1939 Survey will appear in a subsequent issue.
30
SUKVEY 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
September
November 1939
1938
September
October Novem- December
ber
1939
January
February
March
June
May
April
July
August
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, totals . mil. of dol._
216
261
270
255
248
273
270
245
Held by Federal Reserve banks:
For own account .
do
0
0
0
0
0
For foreign correspondents
do
0
0
(•)
(•)
C)
Held by group of accepting banks:
221
222
177
223
212
204
198
Total .
mil. of doL_
191
129
115
122
Own bills
do
130
124
121
122
117
92
62
82
93
Purchased bills
do
91
98
74
40
39
Held by others
do
46
51
52
50
58
54
212
209
Commercial paper outstanding
do
195
213
187
195
206
191
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
3,109
3,257
3,229
3,185
3,210
3,178
Grand total
mil. of doL_
3,290
3,173
2,626
2,710
Farm mortgage loans, total
do
2,776
2,764
2,751
2,735
2,719
2,694
1,969
Federal land banks
do
1,923
2,001
1,998
1,990
1,982
1,973
1,960
741
Land Bank Commissioner9
do
704
772
767
760
734
753
746
Loans to cooperatives, total
do
110
116
112
112
105
98
91
Banks for cooperatives incl. Central
87
65
83
86
74
Bank
mil.ofdol .
80
66
87
Agricultural Marketing Act revolving
22
28
25
24
24
24
27
23
fund
mil. of dol..
362
395
404
377
366
363
370
Short-term credit, total
do
389
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for co175
175
164
167
168
operativescf.
mil. of dol.
190
167
175
38
Other financing institutions
do
41
36
35
34
33
34
35
174
155
Production credit ass'ns
do
148
148
148
155
168
171
9
12
12
11
Regional agr. credit corps
do
11
11
13
10
121
116
Emergency crop loans
do_
119
117
116
115
121
123
54
55
54
55
55
55
Drought relief loans
do
56
54
75
85
Joint Stock Land Banks in liquidation. _do
90
89
87
85
83
91
Bank debits, total (141 cities)
mil. of doL, 33,664
27, 581 34,486
29, 525
33, 235 29, 463
39, 966
32,393
15,138
12,380
New York City
do..
13,085
15,140
12,425
18, 879
14,533
16, 274
18, 526
15,201
16,440
Outside New York City
do...
18,096
17,039
21,087
17,860
18, 211
Fedenl Reserve banks, condition, end of mo.:
18,602
14,861
15,862 16,186
Assets (resources) total
mil. of dol
15, 293
15,581
15,639
14, 573
Reserve bank credit outstanding, total
2,878
2,586
2,584
mil. of dol..
2,598
2,607
2,600
2,601
2,587
1
1
Bills bought
do.
1
1
6
7
4
4
5
Bills discounted
do.
8
7
4
2,804
2,564
United States securities
do.
2,563
2,564
2,564
2,564
2,564
2,574
15, 013
12,561
11, 295
Reserves, total
do.
11,639
11,970
12,166
12,382
12,951
14,679
12,125
10,918
Gold certificates
do.
11,272
11,613
11,798
11,948
12,553
18,602
15,862
14,573
Liabilities, total
do.
14,861
15, 293
15, 581
15,639
16,186
12,953
10, 571 10,919
9,406
Deposits, total
do.
9,672
9,935
10,088
10,420
Member bank reserve balances, total
8,724
mil. of dol_. 11,655
8,713
8,876
9,215
8,936
9,157
8,198
5,352
Excess reserves (estimated)
do
3,387
2,869
3,227
3,383
3,205
3,644
3,559
4,720
Federal Reserve notes in circulation .do
4,353
4,253
4,315
4,385
4,452
4,339
4,380
85.0
84.2
Reserve ratio
percent .
82.7
83.2
83.6
83.7
83.9
84.7
Federal Reserve reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
15,965
15, 991
18, 333
16,013
15,986
Demand, adjusted
mil. of dol
16,048
15, 508 15, 766
5,202
5,231
5,180
Time
do..
5,217
5,155
5,124
5,160
5,183
6,414
7, 667
5.799
Domestic interbank
do...
6,219
6,212
6,061
6,359
6,466
13, 408 13, 388
14,069
12. 999 13,081
Investments, total U
do_.
13, 008
13,219
13, 209
8,143
8,437
8,111
U. S. Government direct obligations- do
8,132
8,10(5
8,266
8,173
8,096
Obligations fully guaranteed by U. S.
2,232
1,686
1,682
1,732
1,789
2,019
2,026
1,675
Government
mil. of doL.
3,400
3,246
3,213
3,263
3,220
3,221
3,247
3,266
Other securities 1
do
8,350
8,241
8,186
8,327
8,317
8,430
8,233
8,191
Loans, total 1do ._
Commercial, industrial, and agricultural
3,814
3,892
3,773
4,229
3,866
3,843
3,891
3,767
loans H
mil. of doL
313
316
344
347
338
328
324
305
Open market paper
do—
To brokers and dealers in securities
764
712
728
848
792
799
533
649
mil. of dol.
Other loans for purchasing or carrying secu531
571
572
560
535
523
510
576
rities
mil. of dol._
1,136
1,180
1,161
1,164
1,169
1,169
1,174
1,140
Real estate loans
do—
94
92
35
118
110
117
115
99
Loans to banks
do—
1,502
1,550
1,547
1,515
1,543
1,567
1,542
1,543
Other loans 1
do
Money and interest rates:
Bank rates to customers:
2.24
2.29
2.33
2.33
2.29
2.25
0)
In New York City
percent.
0)
In eight other northern and eastern cities
3.41
3.33
3. 37
3.28
3.47
3.30
percent
0)
0)
In twenty-seven southern and western cities
4.04
4.09
4.06
4.05
4.10
4.07
percent0)
0)
Bond yields (Moody's):
2.99
3.21
3.15
3.10
3.08
3.01
3.00
3.25
Aaa
do
5.05
5.65
5.00
5.36
5.23
5.27
5.12
4.89
Baa
do
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Discount rate (N. Y. F. R. Bank)
do.__
4.00
4.00
4.00
4.00
Federal land bank loans
do-..
4.00
4.00
4.00
4.00
1.92
2.00
1.50
2.00
2.00
2.00
2.00
1.50
Federal intermediate credit bank loans-.do. _.
Open market rates, N Y. C*
Me
Me
Me
Me
Me
Me
Acceptances, prime, bankers
do-..
M«
M*
1.00
1.00
1.00
1 00
Call loans, renewal (N. Y. S. E.)
do...
1.00
1.00
1.00
1.00
Commercial paper, prime (4-6 months)
H-H
percent.
H
H-H H-H
H-H
H
HH
Time loans, 90 days (N. Y. S. E.)
do...
1M
l
k
lk
lk
1M
.08
.04
03
.03
03
.14
Treasury bills, 91 days (yield)
do-_.
.03
.05
.67
.65
.51
.71
1.07
Treasury notes, 3-5 years (yield)
do
.68
.63
.82
°Less than $500,000.
cTTo avoid duplication, these loans are excluded from the totals.
•Includes a small amount of Federal intermediate credit bank loans (direct) not shown separately.
ISee note marked with a " V on p 30 of the July 1939 issue.
» Discontinued by reporting source. New series on somewhat different basis will be substituted when available.
238
247
245
236
0
0
0
0
0
0
0
0
189
118
72
49
192
192
124
68
55
189
191
122
69
53
181
188
119
69
48
194
191
128
63
44
201
3,172
2,683
1,955
3,166
2,671
1,948
3.158
2.658
1,941
3,148
2,647
1,934
713
85
3,134
2,637
1,928
708
84
728
86
723
84
718
83
235
61
60
60
62
61
23
403
23
411
23
417
22
417
22
414
183
36
178
10
125
54
82
187
3S
183
1>
<
125
54
80
190
40
188
10
125
54
79
189
41
188
10
125
54
77
30,143
13,311
16,832
31, 928
14, 165
17, 763
33,988
15,312
18, 676
30, 477
12, 794
17,683
188
42
185
10
124
54
76
30, 613
13, 118
17, 496
16,766
1G, 922
17,172
17, 348
17,823
2,595
2,573
2,579
2,486
1
3
1
4
1
5
1
5
2,446
1
5
2,426
14, 661
14, 321
17,823
12,247
2,571
13,476
13,103
16,766
11,376
2,564
13 673
13,326
16, 922
11, 535
2, 551
13, 874
13,524
17,172
11,701
2,488
14, 230
13,878
17, 348
11,952
9,900
4,098
4,458
85.1
10,029
4,218
4,477
85.4
10,018
4,140
4,511
85.6
10, 507
4,553
4,530
86.3
10,918
4,758
4,631
16, 660
5,248
6,627
13, 714
8,341
16,965
5, 235
6,675
13,554
8,237
2,055
3,262
8,126
17,462
5,243
7,012
14, 078
8,515
2,241
3,322
8,166
18,096
5,247
7,167
14, 233
8,565
2,026
3,347
8,071
17, 220
5.237
6,747
13, 862
8,423
2,148
3,291
8,089
3,841
3,822
3,833
3,887
302
308
303
313
3,996
317
648
721
648
655
539
539
543
526
1,148
1,156
1,161
1,168
519
1,174
74
49
1,533
1,521
1,550
1,543
1,546
0)
0)
0)
0)
O)
0)
(2)
0)
0)
0)
0)
0)
0)
3.02
5.15
1.00
4.00
1.50
2.97
5.07
1.00
4.00
1.50
2.92
4.91
1.00
4.00
1.50
2.89
4.84
1.00
4.00
1.50
60
59
51
M«
2,286
3,382
8,209
0)
2.93
4.85
1.00
4.00
1.50
Me
Me
1.00
1.00
1.00
1.00
1.00
H-H
H~5/s
lk
.03
.42
H-H
H-H
V2-H
lk
.05
.48
lk
.03
.50
lk
.03
.39
Me
lk
.04
.45
Me
31
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
1939
1938
October Novem- December
ber
September
January
February
March
April
May
June
July
Augusi
FINANCE—Continued
BANKING-Continued
Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. of dol.
U. S. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do...
5,557
6,362
5,363
5,359
5,405
5,417
5,431
5,478
5,463
5,471
5,514
5,519
5,529
1,267
56
1,248
98
1,250
1,250
87
1,252
86
1,259
83
1,263
81
1,266
80
1,264
76
1,262
73
1,262
1,268
57
1,271
55
758
34
45
133
7
32
14
4
2
3
8
10
6
22
4
21
462
84
9,402
498
927
3,175
124
569
415
816
18
28
192
59
98
342
95
419
3,700
1,102
866
33
49
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
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
963
32
45
177
12
42
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
7
21
627
108
13,219
575
607
4,110
245
1,031
478
316
81
54
206
604
305
341
106
343
5,251
2,676
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
1,057
49
50
203
'6
51
20
3
'11
7
15
'13
8
'48
4
••17
634
121
17, 851
' 1,106
1,228
' 7,867
'54
3.248
'742
755
'305
86
302
'185
155
'1,612
145
'278
' 5, 618
' 2, 036
1,064
43
51
208
'4
'58
' 17
11
12
9
'16
13
1
'38
2
27
629
133
• 17, 435
'490
744
' 8, 286
100
' 1, 441
'339
1,164
363
1,837
'563
666
8
' 1,022
388
395
' 5, 526
' 2, 389
1,028
42
62
189
'4
'51
21
1
10
'4
'8
11
8
'52
4
15
608
127
14, 664
'875
' 1,154
' 4,877
' 107
' 1, 848
525
100
316
28
281
407
212
'803
44
206
'5,818
' 1, 940
847
48
50
158
7
'38
'11
5
'12
11
8
12
5
'29
4
' 16
506
85
11, 460
'494
1,150
' 4, 459
97
' 1,056
'214
341
'312
199
276
210
79
' 1,144
45
'480
' 3, 734
' 1, 623
885
25
35
186
3
49
14
6
6
5
14
19
6
40
1
23
548
91
14,128
330
361
6,701
32
2, 368
212
1,017
53
213
773
260
263
1,130
58
322
4,668
2,068
859
41
46
151
4
39
18
1
8
11
5
12
3
31
1
18
528
93
11, 259
491
765
4,069
38
1,642
521
40
337
311
51
269
20
535
16
289
4,461
1,473
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
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
669
3,734
1,740
2,621
23,018
4,410
667
3,743
1,738
2,611
23,100
4,416
667
3,749
1,743
2,605
23,199
4,424
666
3,758
1, 746
2,598
23, 275
4, 435
664
3,771
1,745
2,585
23, 398
4,442
659
3,783
1,747
2,573
23,489
4,460
663
3,797
1,750
2,564
12, 553
5,598
2,885
2, 754
1,316
732
12,658
5,603
2,954
2,752
1,349
727
12, 629
5,603
2,950
2,726
1,350
821
369
12,869
5,794
3,004
2,649
1,422
635
457
12,884
5,857
2,957
2,653
1,417
747
453
12,950
5,895
2,974
2,657
1,424
759
456
12,999
5,903
2,995
2,671
1,430
810
450
13,065
5,952
3,003
2,675
1,435
827
444
13,127
5,977
3,007
2,684
1,459
858
446
13. 358
6,057
3, 139
2, 699
1, 463
727
425
13, 428
6,079
3,163
2,702
1,484
780
428
13,485
6,123
3,202
2,705
1, 455
809
421
760
16
582
161
519,932
24,924
173,641
321,367
237,697
19, 366
10,408
60,695
147, 228
822
24
598
200
592,432
32, 288
179,553
380,591
234,120
20,905
9,980
57,253
145,982
865
34
608
223
671, 262
43, 754
182,690
444,818
248,595
28, 515
10,001
55,034
155,045
1,089
71
755
264
974,920
91, 294
226,085
657, 541
355,603
50,208
12,148
96,493
196, 754
30
357
262
729,937
51,899
99,363
578,675
277,860
35,905
12.914
65,146
163,895
675
23
399
252
570, 491
40, 365
109,871
420,255
250,374
22,491
11,667
56.981
159, 235
842
716
33
20
499
464
310
232
645,019 550,666
45,205
35,981
138, 396 129,051
461,418 385,634
287, 539 243,414
25,817
19,838
13,019
10,450
62,960
61, 263
185, 743 151,863
812
33
496
283
604, 445
43, 278
137,073
424,094
257, 965
22,809
11,302
59,846
164,008
841
134
461
245
729, 749
194, 223
128, 568
406, 958
268, 472
25, 496
11,528
61, 255
170,193
26
427
234
506,380
23. 862
118,218
364. 300
248, 077
27, 712
10, 497
55. 5.54
154, 314
942
261
431
250
584,595
83, 901
119,068
381. 626
244,706
23. 472
11, 292
54. 271
155, 671
COMMERCIAL FAILURESf
Grand total
numberCommercial 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._.
Liabilites: Grand total.
..thous. of dol.
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...
184
6
31
14
8
11
6
18
18
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total:X
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.
In<iustrial
do.
Ordinary
do
Value, total
thous. ofdol..
Group
do.
Industrial
do.
Ordinary
do....
Premium collections, total
do
Annuities
do.
Group
do
Industrial
do.
Ordinary
do.
642
24
417
200
509,897
59, 401
115,935
334,561
234,418
18, 248
11, 320
59, 970
144, 880
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total f thous. of doL. 442, 597 ••444,215 ' 502,658 585, 093 902, 741
New England
do
33, 493
34, 756 ' 43, 989 ' 61,883
28,643
Middle Atlantic, _
do
118, 743 r116,298 ' 144,417 175,485 231,685
East North Central..
do
95, 351
93, 236 '106,395 123, 754 188,369
West North Central
do . .
45,611
46,771
50,837 ' 57, 794 ' 93, 598
South Atlantic
...
do
43, 595
42,466
46, 706 ' 52, 065 ' 78, 758
East South Central
do "
19, 741
19, 566 19,006 ' 23, 573 ' 33, 643
West South Central
do
36, 567
42,706
44,128 ' 45, 281 ' 67, 709
Mountain
do
13,601
12, 756
13,654 ' 15,104 ' 22, 278
Pacific
doIIII 36, 740 40, 928 42, 759 '48,048 ' 74, 818
Lapse rates
1926-26=100..
729, 766 532,032 577,203 495,650 444.089 524, 925 462,4?3 379,794
58,827 43,632 44,852 37,658 40. 608 41,314
34, 364
36,030
194,457 140,911 159, 747 140,175 148,804 142, 293 124, 298 123,012
174,370 122, 242 130, 647 109, 638 117,143 116,689 102, 981 107,019
76,498
54, 148 55,913 49, 272 53, 372 53, 078 48, 575 51, 080
63,300 48, 038 53, 050 45, 771 50,104 51,134 42, 233 48, 480
27,101
20,386
22, 845 19,070 21. 059 21,811
18. 277 19. 729
53,202 42,233
45,997 38,401
42. 221 40, 791 37, 658 38, 831
17,806
13, 677 15,848
13,663
14. 406 14,935
13, 659 14, 842
64,205 46, 765 48,304 42,002 44, 372 42,880
38, 412 42, 437
93
' Revise*
fRevised series. Data on commercial failures revised beginning June 1934; see table 3, pp. 17-18 of the December 1938 issue. Data for insurance written, ordinary (Life
Insurance Sales Research Bureau) revised for the period 1936-38 to include a small amount of intermediate insurance omitted from the original compilation. Revised data
not shown above will appear in a subsequent issue.
J37 companies having 82 percent of total assets of all United States legal reserve companies.
©40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.
32
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
SURVEY OF CURRENT BUSINESS
1939
September
November 1939
1938
September
October Novem- December
ber
1939
January
February-
March
April
May
June
July
August
FIN AN CE—Continued
MONETARY STATISTICS
Foreign exchange rates:
0.320
0.318
0.312
0.311
0.314
0.311
0.312
0.312
Argentina
dol. per paper peso..
0.311
0.312
0.312
0.312
()
.169
.169
.170
.169
Belgium
dol. per belga..
.16s
.169
.169
.168
.168
.170
.170
.170
0.170
2
.059
.058
.059
Brazil, official
dol. per inilreis..
.059
.059
.059
.059
.059
'.061
r.061
'.061
()
.061
.358
.356
.352
British India
dol. per rupee..
.349
.349
.350
.350
.351
.344
.349
.349
.349
.299
.994
.991
.992
.991
.992
.995
.995
.996
.995
Canada
dol. per Canadian dol__
.998
.998
.996
.913
.052
.052
.052
.052
.052
.052
.052
.052
.052
Chile
doi. per peso.
.052
.052
.052
.052
.027
.027
.026
.026
.026
.026
.026
.026
.026
France
dol. per franc
.026
.026
.026
.023
.400
.400
.400
.401
.401
.401
.401
.401
.399
Germany
dol. per reichsmark..
.401
.401
.401
«. 395
.053
053
.053
.053
.053
.053
.053
.053
.053
.053
Italy
dol. per lira..
.053
.053
.051
.280
.278
.274
.272
.272
.273
.273
.273
.269
.273
Japan
dol. per yen..
.273
.273
. 235
.539
.544
.543
.544
.542
.536
.531
.531
.535
.532
Netherlands
dol. per guilder..
.536
.533
.532
.052
.051
.051
.050
.046
0)
.110
.110
Spain
-dol. per peseta
.110
.110
.105
0)
0)
.248
.246
.243
.241
.240
.241
.240
.241
.241
.241
Sweden d
dol. per k
krona
S
d
l
.241
.241
.238
4.670
4.804
4.681
4.685
4.768
4.708
4.669
4.686
United Kingdom
dol. per £._
4.682
4.611
4.681
4.681
3.995
.615
.632
.627
.620
.614
.616
.616
.617
.616
.607
Uruguay
dol. per peso..
.616
.526
.616
Gold:
13, 441
13,940
14,162
14, 416
14, 599
15,509
15,014
14,778
16,182
16, 390
16, 823
15, 878
16,028
Monetary stock, U. S
mil. of dol
Movement, foreign:
14,106 - 4 8 , 553
10, 720 -114,842 -251, 579 -102, 596 -166, 212 152,125
2, 836 -13,255 -110,177 - 7 , 3 7 5 - 6 2 . 387
Net release from earmark^
thous. of dol__
11
16
231
14
16
81
53
15
9
15
36
19
13
Exports
do..
326,089 520, 907 562, 382 177. 782 240, 542 156, 427 223, 296 365,436 606,027 429, 440 240,450 278, 645 259, 934
Imports
do..
Production:
1,035,341 1,041,394 1,024,057 1.028,774 1,033,939 985. 843 1,073,084 1,017,508 1,084,859 1,058,989
Union of South Africa, total fine ounces
952,602 960, 561 944,035 946,895 953,916 910,084 989.974 938,961 1,000,181 977, 752
Witwatersrand (Rand)
do..
362, 866 301, 593 277, 500 333, 027 235, 337 233, 806 195, 780 209. 778 227, 642 219, 161 201,111 281,317 282,130
Receipts at mint, domestic (unrefined), do
6,570
6,764
6,668
6,712
6,867
6,750
6,697
Currency in circulation, total
mil. of doL.
7,249
6,919
6,966
7,051
7,098
Silver:
1,463
2,054
1,259
1,344
2,054
1,923
823
1,671
1,292
611
303
640
937
Exports§
thous. of dol
24, 098
25, 072
7, 143
24,987
21, 533
10, 328
9,927
7, 207
6, 152
14, 770
4, 639
5,531
4,365
Imports-.
do .428
.428
.428
.428
.428
.428
.428
.428
.428
.420
.349
.360
. 370
Price at Now York
dol. per fine oz
20,064
20, 154
19,511
19,108
20,070
16,159
21, 822
17.469
18,197
26, 122
21, 824
Production, world
thous. of fine oz .
2,202
1,552
1,575
1,637
2,400
2,023
1,454
1,411
1, 559
1,766
2,099
2,703
Canada
do...
4,486
4.281
4,906
4, 160
2,781
4,922
6,794
2,515
4, 586
10, 274
8,004
Mexico
do...
5,073
4,669
5,441
4,624
5, 268
2.879
5,336
5,067
3,701
5,493
3,200
United States
do...
"4,~22S
Stocks, refinery, end of month:
6,396
6.824
8,669
7,432
4,492
2,409
4,075
4,806
4,935
4,180
6,348
9,903
United States
do...
552
255
615
611
633
652
676
250
489
316
Canada
do...
167
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.)
61.8
187.0
153.3
165.9
mil. of dol.
78.4
69.5
64.1
Autos, parts, and accessories (28 cos.)-do
24.2
38.1
31.7
33.9
Chemicals (13 cos.).
do....
20.4
19.9
15.8
Food and beverages (19 cos.)
do...
20.1
Machinery and machine manufacturing
4.1
5.6
6.2
5.9
(17 cos.)
mil. of dol.
97
1.5
4.1
2.1
Metals and mining (13 cos.)
do...
10.7
4.7
4.5
7.6
Petroleum (13 cos.)
do
10.3
6.2
Steel (11 cos.).
14.9
25.4
17.3
24.2
Miscellaneous (55 cos.)
do
50.5
56.5
56.4
Telephones (91 cos.) (net op. income)
do
60.4
Other public utilities (net income) (52 cos.)
54.1
42.1
mil. of dol..
54.5
51.3
Interstate Commerce Commission:
<* 4 3 . f>
3.4
53.7
Railways, class I (net income). .
do
<M8.2
Standard Statistics Co., Inc. (earnings):
76.7
38.5
P62.2
60.4
Combined index, unadjusted 0 !
1926 = 100..
69.3
65.0
v 70.0
Industrials (119 cos.)
do
34.4
31.9
d 25. 4
Railroads (class l)«f
do
2.0
123.0
124.
' 116.2
90.7
Utilities (13 cos.)
do
0
62.4
38.4
76.
P57. 2
Combined index, adjusted 1
do
32.2
79.0
68.7
P62. 2
Industrials (119 cos.)
do
29.2
d 19.8
1.5
Railroads (class l)*f
do
113.2
104.8
113.4
Utilities (13 cos.)
do
118. 1
PUBLIC FINANCE (FEDERAL)
r
39, 439
39, 641
40,068
39, 864
40,286
40, 891
39,990
38, 426
38, 607
40, 661
38, 395
40,445
Debt, gross, end of mo
mil. of dol_. 40, 858
Public issues:
36,038
35, 994
36,089 r 36, 122
34, 950
35, 755
35, 892
35. 949
36, 257
34,920
34, 981
36,196
36, 279
Interest bearing*
do
538
543
531
540
543
534
533
535
554
516
Noninterest bearing*
do
526
528
548
Special issues to gov't agencies and trust
3,492
4,094
2,949
3,454
3,156
3,382
3,666
2,933
3,090
3,215
3,770
3,918
4,063
funds*...
mil. of doLObligations fully guaranteed by the U . S . Government:^
Amount outstanding by agencies, total.
5,410
5,583
5,410
4,992
5,409
5,480
5,009
4,993
4,987
5,410
5,450
5,001
5,456
mil. of doL.
1,380
1,381
1,379
1,379
1,388
1,379
1,404
1,388
1,383
1,381
1,379
1,395
1, 279
Federal Farm Mortgage Corporation do
2,888
2,888
2,858
2, 888
2,888
2,888
2,888
2,888
2,928
2,958
2,888
2,831
Home Owners' Loan Corporation
do
819
820
819
820
509
509
511
511
819
820
820
511
820
Reconstruction Finance Corporation .do
Expenditures, total, including recovery and
870, 278 693, 385 662,464 879, 300 786, 517 744, 899 972, 569 807, 325 822, 049
relieft
.
thous. of dol.. 793, 302 764,509 770,311
728, 837 696,115 716,036 622,500 809, 351 649, 573 601,971 796, 139 722, 342 686, 824 886, 856 639, 232 745, 269
General (including recovery and relief)* J.do
7.992
7,451
6,842
3.742
5,599
9,003
8,474
856
10, 679
10. 249
4,685
10, 365
5,264
Revolving funds, net*
do
48, 500
68,000
50, 094
55, 000
56, 004 167,103
66,100
44, 500
43, 500
48, 500
38, 500
50.000
50, 150
Transfers to trust accounts*
do
530
9, 562
1,182
21, 235
1,772
8,685
626
127
134
0
745
13, 645
9,051
Debt retirements*
do
Receipts, totalf
d o . . . . 718, 790 710,603 331,965 381,644 704,494 308,152 417, 349 737. 391 268, 343 396, 781 612,522 307, 846 419, 980
29, 266
29, 437
25, 318
25,121
24, 318
22, 361
24,517
25, 528
27, 338
28,590
30, 797
27. 213
35, 595
Customs
do
624. 254 682, 544 315,061 304.572 662, 252 315, 845 333,518 691, 401 279, 987 315,037 568, 646 300,091 397, 421
Internal revenue
do
43, 533 351,958
38,832
35,912 473,804
43, 230
41,078
56,872 495, 906
50, 764
31, 777
329, 093 487,132
Income taxes
do
93, 044
81,979
72, 754
69, 684
16, 252
2,939
98, 992 125, 870
3,855
2,864
81, 508
97, 447
12, 308
Social security taxes*
do
d
•Number of companies included varies slightly.
1[Or increase in earmarked gold (—).
'Revised.
Deficit.
* Preliminary.
»
3
2 Quotations not reported April 10,1939, through June 8,1939.
Quotations not available August 28-September
1 Quotations not available January 25-May 14, 1939.
25, 1939; temporarily omitted thereafter.
« Quotation for Sept. 2, 1939; no rate available for other days of month.
•New series. New items for Federal gross debt beginning June 1916 appear in table 21, p. 16, and for Federal expenditures beginning July 1931 in table 22, p. 17, of the
April 1939 Survey. Data on receipts from social security taxes beginning June 1936 will appear in a subsequent issue.
fRevised series. The Standard Statistics Co. index of railroad earnings and the combined index have been revised beginning 1932; see table 25, p. 18, of the April 1939
Survey. Total Federal expenditures and receipts revised beginning July 1931; see tables 22 and 23, p. 17, of the April 1939 Survey.
SRevised series. Data revised for 1937: see table 19, p. 14 of the April 1939 Survey.
includes $206,174,000 in guaranteed debentures of the Commodity Credit Corporation from
1939 and $408,727,000
in cf Totalsmall amount of guaranteed debentures of the Federal Housing Administrator, and in Feb. 1939,May 1938 through July S. Housing Authority thereafter. Alsowas
cluded is a
$114,146,000 for the U.
which amount
increased
http://fraser.stlouisfed.org/ to $114,157,000 beginning with March 1939.
f G e n e r a l " and "recovery and relief" not reported separately by Treasury Department after June 1939.
Federal Reserve Bank of St. Louis
33
SUEVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
1939
1938
September
October Novem- December
ber
January
February
March
April
May
June
July
August
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Con'd
Receipts, total—Continued.
Internal revenue—Continued.
Taxes from:
Admissions to theaters, etc.-thous. of doL.
Capital stock transfers, etc
do
Sales of radio sets, etc
do
Government corporations and credit agencies:!
Assets, other than interagency, total
mil. of doL.
Loans and preferred stock, total
do
Loans to financial institutions find, preferred stock)
mil. of dol_Loans to railroads
do
Home and housing mortgage loans., do
Farm mortgage and other agricultural
loans
mil. of doL.
AU other
.
do
U. S. obligations direct and fully guaranteed
mil. of doL.
Business property
do
Property held for sale
do
All other assets
do
Liabilities, other than interagency, total.do
Bonds, notes, and debentures:
Guaranteed by the U. S____
do
Other
do
Other liabilities incl. reserves
do
Privately owned interests
do
Proprietary interests of the TJ. S. Government
mil. of dol _
Reconstruction Finance Corporation, loans outstanding, end of month:f
Grand total
thous. of dol__ 1,
Section 5 as amended, total
do
Banks and trust companies, including
receivers
thous. of doL.
Building and loan associations
do
Insurance companies
do
Mortgage loan companies
do
Railroads, incl. receivers
do
All other under Section 5
do
Emergency Relief and Construction Act,
total, as amended
thous. of doL.
Self-liquidating projects (including financing repairs)
thous. of dol._
Financing of exports of agricultural surpluses
thous. of doL.
Financing of agricultural commodities
and livestock
thous. of doL.
Direct loans to business (incl. participations)
thous. of dol..
Total Bank Conservation Act, as amended
thous. of doL .
Drainage, levee, irrigation, etc.*
do_
Other loans
1
do.
1,669
1,021
345
1,596
1,188
466
1,985
2,226
2,020
1,754
593
1,564
1,650
576
1,503
1,394
404
1,607
1,083
353
11,319
8,496
11, 359
8,507
1,327
502
2,330
11,335
8,502
11,451
8,562
11, 515
8,527
11,650
8, 509
11, 696
8,523
1,329
495
2,335
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
1,297
501
2,325
1,311
493
2,331
3,499
837
3,494
854
3,486
865
3,486
3,469
902
3,460
923
3,456
960
3,459
913
3,447
941
3,438
3, 731
1,007
3,765
1,033
843
447
667
866
7,112
844
451
673
883
7.075
845
452
679
856
7,016
855
456
689
889
7,048
460
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
850
476
713
1,151
7,581
853
481
708
1,199
7,651
871
483
709
900
7,507
876
531
704
1,008
7,886
5,010
1, 365
737
377
5,001
1, 352
722
3?
1,323
700
382
4,992
1,317
739
381
4,
1,327
757
383
5,410
1,369
809
384
5,410
1,374
5,410
1,379
803
387
5,410
1,382
790
5,471
1,389
791
387
5,291
1, 349
867
390
5,489
1,345
1,052
391
3,830
1,852
1,210
590
3,905
3,936
4,022
4,015
3,678
3,718
3,709
3,732
3,668
3,926
3,739
1,606
1,273
279
1,491
735
258
11, 688 11,703
8,497 8,511
11,706
8,465
1,385
1,259
287
783, 404 1,707,018 1,735,100 1,750,088 1,808. 504 1,770,930 1,766,111 , 782,388 , 722, 507,727,285
677, 916 661, 586 679, 07* 689, 533 708, 484 666, £
664,107 674, 555 683, 218 677,468
101,186
3, 48'
2,652
127, 647
438. 835
4,109
62, 209
41, 586
19,871
127, 468 126,884
2,093
2,126
3,459
3,481
103, 204 114, 741
419,364 426, 046
5,943
5, 855
199,691
205,913
188,748
190,152
10,047
15, 047
752
634
502
391
118, 067 116,120
1,921
1,959
2,915
2,964
100, 280 101,216
437, 789 436,139
5,7
5,940
113, 873 111, 044 108,834
1,962
2,96
3, 037
2,901
2,871
2, 854
110, 587 117, 326 121, 075
439, 560 443, 840 436, 612
5,175
5,056
5,673
207,948 205, 598
131,389 134, 496
204,811
182,149 181,814
107,578
181,028
25, 047 23,047
23, 047 24, 737
23,047
751
738
103, 287 107, 412 109,039
110, 432
715
752
125,
566,
83,
267,
124, 427 120,778
2,029
1, 908
2,992
3,1
126, 416 140, 644
428,041 436, 094
5,611
6,067
205,848
201, 604
190,105
180,862
15,047
20,047
91, 634
737
764
764
112, 531 114, 498
112, 048
97,945
551,269 549,484 547, 462 585,106 579,388 576,023 576,117 579, 774 580, 238
80, 991 82, 276 82, 461 82, 757 82, 966 83, 084
79, 584 79, 663 80,834
123,254 123,01' 123,124 124,907 125, 280 127,489 132,100 132, 629 137, 476
1, 534
813
292
1,513
1,124
402
11, 823 12, 017
8,900
8,861
1,299
1,272
493
492
2,332 2,337
, 752, 928 775, 788 ,771,219
679, 278 678,491 677, 864
104, 872 103, 85' 102,247
3,263
3,441
3, 328
2, 791 2,773
2, 832
125,372 126,126 127, 023
439.199 438, 803 438, 837
3,543
3,583
3, 67J
61, 576
63, 708 62,104
40, 835
39, 464 40,11
19, 989
23, 480 21, 290
752
755
764
123, 042
117, 079 121, 804
580, 887 578,431 568, 517
83, 359 83, 462
83,109
251 539 256, 758
228,
CAPITAL FLOTATIONS
New Security Registrations 1
(Securities and Exchange Commission)
New securities effectively registered under the
Securities Act of 1933, total
thous. of doL.
Estimated gross proceeds (total registration,
less securities reserved for conversion),
total
thous. of doL.
Type of security:
Common stock
do
Preferred stock
.do
Certificates of participation, etc
do.
Secured bonds
do.
Debentures and short-term notes
do.
Type 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....
Securities 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.
Selling and distributing expenses:
Commissions and discounts thous. of dol.
Other selling and distributing expenses
"thous. of dol..
r
35,181
125, 207 411,878
26, £
303, 280 144, 625 • 142, 735 21,676
86,286
307,75'
69,242
277, 657 55, 588
106,767
405,063
249,989 »140,709 • 142,137
21,366
12,172
1,93d
80C
10, 38C
l,60C
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
38', 762
12,968 r 22, 826
57,413
900
16,061
70,913
9,645
2,70'
3,87E
5,139
1,582
3, 48£
19, 44
38C
6,34:
59, 68
39,94'
377
57,226
70, 787
4,548
31,98
42, 528
4,239
523
8,281
11,096 r 10, 262
36, 639 22, 390
1,997
800
275,173
1,500
103, 219
63,475
82, 280 108, 512
450
2,414
5.09C
96S
1,445
5,992
1,673
7,334
10,215
r 3, 385
97:
4,862
56
0
23,93:
C
« 1, 6H
•
42C
170
624
169
45, 311
204
I
3,615
2,052
5,412
8,293
6,287
4,387
4, 212
128
881
2,016
1,180
681
'917
r
57,062
12,393
47, 438 20,473
1,741
27,900 22, 260
1,766
4,008
3, 406
28, 488 116,99
9,449
22, 613 83, 562
0
275, 410 232,712 298,571
271, 720 227, 545
29, 307 16, 385
r
12, 675 48, 3O.
10, 75(J
10,586
39, 67i
144, 872
74,279 112,42:
234
3,779
17, 024
250
12, 29C
93,09'
21,94:
3,92:
31, 605
2,696
124, 97
15, 50C
11,525
3,777
219
3,192
1,930
28,37S
20, 365
2,065
1,19C
2,76'
4,67c
2,128
215
627
1,443
235
280
342
35, 763 146,45C
4,758
6,27
5,30i
27, 506 117, 7i:
935
1,57'
18, 749
11, 628
0
163,101
100,172
2,747
702
88, 942 33, 440
3,894
24,162
4,548
28,834
82,914 217,149
1,992 31, 870
13, 54'
2,086
6,82:
6,660
1,827
293, 650
11, 870
159
37,175
4,134
6,675
5,006
6,031
1,621
942
1,253
Revised.
° 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
f
throughout. When earlier data are available on the new basis, they will be presented in the Survey.
•New series. Data for drainage, levee, irrigation, and similar districts, beginning December 1933 not shown on p . 33 of the August 1939 Survey, will appear in a subsequent issue of the Suniey; this series was formeily included with "Other loans."
tRevised series. Details for assets of 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 other assets have been brought out. 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
for FRASER loans outstanding, minor revisions beginning August 1934 will appear in a subsequent issue.
Corporation
Digitized
34
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
November 1939
1938
October
tember
1939
! No vein- j DecetnI ber | ber
July
April
j August
FINANCE—Continued
CAPITAL FLOTATIONS-Cont'd
New Security Registrations—Cont'd 1
(Securities and Exchange Commission)
Estimated gross proceeds (total registrations
less securities reserved for conversion)—Con.
Estimated cash proceeds to be used for:
Total
thous. of dol—
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
22, 635
130
94. 257
490
347. 770
90
052 125 424
858
1 920
009
416
14,956
229, 546
28,865
••201
190
25
1, 088
1, 586
11, 0M
148
2, 357
0
4,788
609
13, 680
50, 306
667
31. 654
10,139
0
21, 745
0
8, 716
447
270,494
36.139
0
017
0
375
10 142
180
040
0
3, 453
766,188
166, 908
166,908
63,922
395, 808
220,893
195,893
43,521
529.182
241,001
241,001
59, 544
277, 339
61, 484
300
1, 950
188
37, 385
40
1, 344
4, 753
43, 995
0
11,752
3,798
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
273, 706
0
0
531
123
5, 625
0
180
5,012
200
20, 399
27. 669
0!
0
400 |
139
494
523
567
058
036
407
16
0
13
24
213
92
2, 416
3,629
15, 278
1,936
0
0
46
4,239
' 3,770
3,303
1,331
r 70,634
1,034
147,471
4,629
0
0
0
239
8,641
561
0
244,611
857
182,134
335
270, 203
124
7, 469
32
11,756
194
22, 824
100
187.648
5,047
8,684
10,423
0
19, 058
898
r
11,101
4, 562
122,061
13, 697
0
9,441
110
2,495
123
6,496
2,417
217,818
1,807
29, 372
604,
292,
283.
30,
380
576
326
241
585, 732
317,525
317,525
49,464
458, 600
112,129
82,129
25, 395
21.128
450
5, 579
3,084
40, 290
0
4, 908
4, 266
20, 903
1,460
2,010
1,021
Securities Issued
(Commercial and Financial Chronicle)t
Securities issued, by type of security, total (new
capital and refunding)
thous. of dol— 174. 372 238,368
41, 221 146. 033
New capital, totaL
do
41.221 146. 033
Domestic, total
do
16,019
84, 937
Corporate, total
do
Bonds and notes:
14, 3?0
83,099
Long term
do
Q
Short term
do j
0
500
Preferred stocks
do
820
1,199
Common stocks
do
1,018
Farm'loan and other government agencies
9, 950
8,400
thous. of doL.
15, 252
52, 696
Municipal, States, etc..
do
0
Foreign, total
..
do
0
0
C orpora te
do
0
0
Government
do
0
0
United States possessions
.do
0
133,151
92, 335
Refunding, total
do
133,151
92, 335
Domestic, total
do
74, 175
65,136
Corporate, total
do
Bonds and notes:
20. S75
64,956
Long term
c?o
53, 300
0
Short term
do
0
Preferred stocks
do
180
0
Common storks
do . . .
0
Farmloanand other Government agencies
5, 600
thous. of dol_. 50, 850
8,126
21, "99
Municipal, States, e t c . .
do
0
0
Foreign, total
do
0
Corporate
do
0
0
Government
do._..
0
0
United States possessions
do . . .
0
Securities issued by type of corporate borrower,
90,194 150, 073
total
*
thous. of dol..
84, 937
New capital, total
cJo . . . 16,019
1, 099
80, 838
Industrial
.
do
Investment trusts, trading, and holding
0
0
companies, etc
thous. of do]..
130
747
Land, buildings, etc
do
125
2.612
Public utilities
do..
13, 065
740
Railroads
do
1,600
0
Shipping and miscellaneous
do
74, 175
65. 136
Refunding, total
do
600
16, 180
Industrial
do
Investment trusts, trading, and holdins
0
0
companies, etc
thous. of dol._
230
7, 132
Land, buildings, etc
do
22,615
41.824
Public utilities
do
700
0
Railroads
do._._
50, 000
0
Shipping and miscellaneous
do
239,929
162,272
162, 272
52, 979
2, 300
2,600
0
927
16,722
0
1, 278
5,571
42,809
0
936
9,234
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
10, 386
310.090
43,890
0
0
0
0
163,173
163.173
136,115
4,325
104, 968
0
0
0
0
77, 658
74, 658
46, 689
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
0
200
123
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
12, 946
3,000
0
3,000
0
0
333, 159
63,922
40, 561
151,223
43. 521
18, 284
310.038
59,544
43, 801
16, 213
5, 827
1,027
159, 686
23.571
20, 171
99, 668
52, 979
18, 572
258, 809
77,060
75, 981
0
1, 420
20, 441
0
1, 500
274.237
14, 458
0
210
21, 285
0
3,712
107, 702
44, 656
0
394
6, 461
0
3, 888
250. 493
500
630
1.170
0
2, 500
10, 386
3, 986
0
375
2.475
0
550
136, 115
12
0
0
4, 202
30,135
0
100
403
71
500
0
579
0
0
46. 689
15,301
181, 749
60,175
139, 795
46, 378
7, 500
0
86
111.029
12,000
1,500
0
0
31,388
0
0
0
202
63, 046
0
0
0
850
300
5, 000
250
720
259,659
0
0
106,500
1,600
154,400
4,900
0
56, 404
0
416
0
120
540,
377,
377,
23,
355, 941 1,312,257
142, 621 116, 873
142,171 116, 873
21,240
77,060
723
550
550
571
220.531
200,531
5,827
46, 533
n
1,020
29, 507
17,928
o
2,220
1,092
1,950
63,161
1.550
94,083
450
0
0
450
0
0
0
0
0
253,085
9,250
0
9, 250
0
213,320 1,195,383 311,804
160,820 1,179,633 311,804
129, 249 151, 002 251, 798
202,553
65, 508
0
0
0
0
268, 207
268, 207
176, 523
0
56. 734
30, 000
0
30,000
0
346,471
329, 971
298, 798
105,913
126,102
4,500
20,400
0
249, 463
0
2,336
0
128, 365
9,000
39,158
0
289, 512
500
8, 730
56
20, 750 1,021,414
7,217
10, 820
15,750
52, 500
10, 500
52,500
5,250
0
0
20,950
39, 055
0
0
0
0
74,050
17, 634
0
0
0
0
182, 742
21, 240
3,987
282, 039
30. 241
12, 198
225, 987 340, 692
49,464 I 25,395
9, 864
17, 045
0
0
12. 666
2,700
2,677
251,798
79,810
0
1,186
25, 892
12, 435
88
176, 523
95, 875
0
250
1,930
400
5.770
315, 298
20,123
0
0
830
160,185
9,438
1,536
0
51
77,122
0
3,475
0
2, 505
248, 670
7,000
37, 000
' 77,484 '107, 384
105, 332 110,110
206, 490
65,820
132, 843
62,150
* 80, 759
154, 809
0
23,336
0
12,755
1,500
15, 250
161, 502
2,000
18,
12,
16,
16,
250
923
500
500
0
0
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short terra)
thous, of dol...
do
29. 466
61,491
86. 959
89, 347
132, 234
154, 875
169,738
47,031
128,654
43, 764
104, 966
88, 656
60, 422
170,769
• 49,320
' 92, 355
716
187
701
139
380
133
336
147
325
138
300
104
168
71
202
81
326
106
721
137
556
133
669
183
637
151
991
190
754
247 i
971
192
713
235
967
168
709
222
953
174
831
190
579
236
828
183
561
230
834
178
570
230
839
183
589
238
792
202
556
235
COMMODITY MARKETS
olume of trading In grain futures:
.rail, of bu.
Wheat..
.do..
Jorn_
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
856
823
905 j
Customers' debit balances (net)
mil. of dol..
217
213
19*3 !
Cash on hand and in banks
do
520
559
617 j
Money borrowed..
do
305
257
Customers' ree credit balances
do
270 i
r
Revised.
1 See footnote marked "V on p. 33.
• Includes reimbursement of corporate treasuries for capital expenditures.
t Revised series. Data revised beginning January 1937; see table 26 on pp.
939
189
662
252
15 and 16 of the May 1939 Survey.
November 1939
35
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
1938 Supplement to the Survey
tember
1938
September
1939
Novem- DecemOctober
ber
ber
January
February
March
April
May
June
Julv
August
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars..
Domestic
do
Foreign
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 municipals (15 bonds)
do
U. S. Treasury bondst
do
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
thous. of doL.
Face value
do
On New York Stock Exchange:
Market value
thous. of dol..
Face 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.:
Face value, all issues
mil. of doL.
Domestic issues
do
Foreign issues
do
Market value, all issues
do
Domestic 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
Aa (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 bondsf
do
88.50
92.41
47.29
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
92.92
96.09
59.73
92.08
95.34
57.79
93.15
96.46
58.46
90. 59
94.05
54. 50
80.9
85. 0
98.6
59.0
107.1
101. 9
78.7
84.2
96.3
55.7
111.7
103.0
81.8
86.8
98.6
59.9
115.2
104.3
82.1
86,9
99. 3
60. 2
116.6
104.0
81.1
86.0
98.7
58.6
116. 5
104.1
81.9
86.2
99.7
59.7
117.3
104.4
82.1
86.4
100.7
59.0
117.3
104.8
83.1
87.1
101.3
60.9
117.9
106.0
79.4
83.8
99.7
54.5
116.4
106.6
80.2
84.8
101.0
54.8
118.1
108. 3
81.4
86.2
101. 6
56.2
118.6
109.1
81.6
80.3
102.1
56.4
118.3
108.9
81.0
85. S
101.7
55. 5
116.5
108. 2
417,429
498,100
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
125, 737
167,691
127, 703
169, 641
121, 420
162, 425
122,908
159, 770
384, 237
459. 821
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
93,060
130,243
91, 785
129, 260
87,837
123, 949
89,189
121,165
480, 789
227,101
185,179
7,673
155,868
4,419
217, 609
6, 535
159,611
7, 581
118,993
185,513
4,871 I 11,889
122,804
7,459
123,104
7,390
126, 570
6,821
119,431
5,137
111,394
8, 730
253, 688
227, 997
25, 691
177,506 151, 449
155, 698 130,133
21,808 j 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
115,345
93, 396
21. 949
115,714
98, 423
17,291
119, 749
102.189
17, 560
114, 294
100, 622
13, 672
102, 664
85, 001
17,663
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
2.687
52,564
47,975
4,589
48,128
45, 493
2,634
52,647
48,056
4, 591
48,921
46,179
2,742
52, 751
48,166
4, 585
48. 571
45, 921
2, 649
52,610
48, 032
4, 578
49. 007
46, 331
2, 676
52, 209
47, 642
4, 567
47, 297
44,808
2,489
52, 46G
47,917
4, 549
46,431
44, 279
2, 151
3.30
50.225
45,516
4,679
45.539
42.675
2,864
50, 301
45, 640
4, 661
45,4-12
42, 597
2,844
51, 554
46, 920
4,634
47,053
44, 268
2.90
2.83
2.78
I
2.98
2.66
2.72
2.76
2.66
2.67
3.21
3.67
3.95
4.17
4.03
3.95
3,95
3.86
3.81
3.74
3.84
3.78
3.71
3.66
3.25
3.49
4.05
5.00
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
2.97
3.16
3.92
5.07
2.92
3.13
3.86
4.91
2.89
3.07
3. 83
4.84
2.93
3.11
3.80
4.85
4. 58
3.70
3.57
3.50
3.82
5.18
3.43
3.f3
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
3.30
3.45
4.60
3.23
3.42
4.47
3.17
3.39
4.42
3.21
3.40
4.41
3.29
2. 65
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
2.66
2.17
2.63
2.13
2. 65
2.16
2.75
2.21
Stocks
Cash dividend payments and rates (Moody's):
Annual payments at current rates (600 companies)
mil. of dol._ 1,423. 82
Number of shares, adjusted
millions.. 935.03
Dividend rate per share (weighted average)
1. 52
(600 cos.)
dollars..
3. 01
Banks (21)
.
do
1.42
Industrials (492 cos.)
do
2.39
Insurance (21 cos.)
do
1.95
Public utilities (30 cos.)
do
.90
Rails (36 cos.)
do
Dividend declarations ( N . Y . Times):
Total
thous. of d o L . 193,698
191,364
Industrlals and misc
do
2, 334
Railroads
do
Prices:
Average price of all listed stocks ( N . Y. S. E.)
65.9
Dec. 31, 1924=100.
Dow-Jones & Co., Inc.: (65 stocks)
50. 47
dol. per share,_
150. 72
Industrials (30 stocks)
do
24. 36
Public utilities (15 stocks)
do
Rails (20 stocks)
do
31.97
New York Times (50 stocks)
do
110.38
Industrials (25 stocks)
__ do
195. 86
Railroads (25 stocks)
do
24.91
Standard Statistics Co., Inc.:
92.4
Combined index (420 stocks)
1926=100..
Industrials (350 stocks)
do
109.4
Capital goods (107 stocks)*
do
138.1
Consumer's goods (194 stocks)*. _ d o . .
98.3
Public utilities (40 s t o c k s ) . - .do...
84.3
29.7
Rails (30 stocks)
do
Other issues:
Banks, N . Y . C. (19 stocks)
do....
Fire and Marine insurance (18 stocks)
do....
87.6
Sales (Securities and Exchange Commission):
T o t a l on all exchanges:
Market value
mil. of dol._
2, 205
Shares sold
thousands._ 93, 435
,293.92 1,293.59 1,328.16 1,315. 04 1, 316. 25 1, 329. 91 1,334.15 1, 337. 76 1,339.27 1,382.43 1,391.46 1 422 99
935.03
935. 03
929.10
935. 03
935. 03
929.10
929.10
935. 03
935. 03
935. 03
935. 03 ' 935! 03
1.39
3.00
1.24
2.24
1.93
1.09
185,428
182, 735
2. 693
1.39
3.00
1.24
2.24
1.93
1.09
180,506
169, 901
10,605
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
247,569
486, 396 i 229,916
22.706 | 17,653
194,118
181,480
12, 638
303, 839
289,412
14, 427
1.43
3.01
1.31
2.33
1.92
.90
1.43
3.01
1.31
2.33
1.92
.90
1.48
3.01
1.37
2.39
1.94
.90
186, 095 154,076
182, 522 147, 635
3,573
6,440
377, 394
358.417
18, 976
220,17,"
200.698
19, 477
1.43
3. 01
* 1.30
2.31
1.92
.90
1.49
3. 01
1.38
2. 39
1. 94
.S7
1. 52
3.01
1.42
2.39
1.94
.90
181,033 310,284
167, 167 296,108
13, 8(16
14, 116
60.6
65.4
64.1
66. 2
62.6
64.4
57.0
56.6
60.2
57. 0
62.2
43.98
137. 04
18.49
25. 62
95. 68
171.70
19.68
49.64
150. 36
22.92
30. 62
106. 81
189.69
23. 95
50.32
151. 96
23.35
31. 29
105.29
186. 99
23.59
49.32
150.12
21. 94
30.52
105. 36
186. 99
23. 74
49.13
146. 87
23.30
31.20
102. 73
181.82
23.64
48.68
144. 60
24.94
30.31
102. 22
181. 21
23. 24
48.99
145.06
24. 84
31.07
100. 59
178. 01
23.18
42.68
127. 73
22. 05
25. 75
90.46
161. 51
19.41
44. 43
132. 56
23. 05
27 02
94.19
167. 73
20.67
45. 66
136. 52
23. 66
27. 59
96. 95
173.12
20.79
40.82
139. 26
24. 96
28. 29
99.74
178. 03
21. 45
46. 47
137.88
25. 68
27. 67
99.44
178.21
20.68
86.0
103.9
126.1
94.0
72.2
25.5
91.1
109. 6
136.7
98.7
77.4
28.1
94.7
113.6
142. 6
102.1
SO. 9 I
30.0 |
92.0
110.6
139. 4
98.5
77. 9
28". 8
91.8
109.3
136. 4
97.8
81.2
29.8
90.1
106. 3
130. 9
96.5
83.8
28.0
91.7
108.0
133. 3
98.7
85.8
29.7
81.9
95.9
115.4
88.7
80.0
24.8
83.1
97.0
115.5
91.5
82.4
25.0
86.0
100. 5
120.0
95.4
84.7
25.9
86.1
100. 6
120.9
96.2
84.9
25.7
86.3
100. 5
121. 5
96 9
87.0
25.4
46.7
51.0
49.6 •
47.7
50.0
51.1
53.5
50.4
53.7
55. 2
55. 0
54.0
89.8
88.2
82.8
87.0 !
87.4 !
943
1,573 i 1,306
40,542 ! 67,924 I 53, 496
85,3
1, 225
52. 913
86.1
1,129
47, 393
85.7
87.0
655
26,057
1,058
40,384
81.0
84.3
89.3
882 I 603
42, 614 I 23,131
556
21, 916
769
774
30,892 i 31, 762
*New series. For data beginning 1926 see table 24, p . 18, of the April 1939 Survey.
fRevised series. Revised data for U. S. Treasury bond prices beginning 1931, and U. S. Treasury bond yields beginning 1919, appear in tables 17 and 16, p. 18, of the
March 1939 Survey.
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
November 1939
193S
1939
October Novem- December
ber
September
January
February
March
April
May
June
July
523
17,897
474
16, 050
677
24, 519
August
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—C ontinued
Sales (S. E. C.)—Continued.
Total, on all exchanges—Continued.
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
Bails (25 stocks)
do
Standard Statistics Co., Inc., preferred stocks:
Industrials, high-grade (20 stocks)—.percentStockholders (Common Stock)
669
24, 554
1, 970
75
850
32,035
1,397
54, 625
1,157
41,923
1,065
39,954
986
37,051
561
19, 538
916
31,150
779
33,775
57, 081
23,826
41, 561
27, 923
27, 490
25,186
13,877
24, 565
20, 247
12,933
11,967
13, 066
17, 372
41, 005
1,429
44, 762
1,430
41, 653
1,430
47, 440
1, 431
43,527
1,425
47,002
1,426
46, 081
1,427
47, 491
1,424
44,884
1,425
46,271
1,426
40,921
1,427
40, 673
1,427
43,230
1,427
3.9
3.9
3.6
4.1
5.4
2.8
3.8
5.0
3.2
4.1
6.2
4.5
3.6
4.8
3.0
3.9
5.7
39
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
4.2
4.8
3.8
4.3
5.8
3.9
4.2
4.8
3.9
4.4
5.7
4.0
4.0
4.4
3.7
4.1
5.4
3.7
4.4
4.5
4.1
4.2
5.7
4.1
4.1
4.4
3.8
4.0
3.'5
4.5
4.6
4.2
4.3
5.5
4.1
5.14
5.08
4.99
4.92
4.94
4.94
4.94
4.92
4.99
4.94
4.87
4.88
4.92
American Tel. & Tel. Co., t o t a l . . . . . . number.. 639, 019
7,003
Foreign
do
211,014
Pennsylvania Railroad Co., total
do
Foreign
do
2, 807
168,176
U. S. Steel Corporation, total
do
648, 056
7,180
216,847
2 928
171,198
3.096
23.65
Foreign
Shares held b y brokers
do
percent of t o t a l . .
3, 286
26. 00
646, 671
7,173
214 532
2 874
168, 399
3, 084
24 81)
642, 293
7, 104
212 358
2,832
169,079
3,288
25. 54
645,033
7,153
213,143
2,853
167, 650
2,998
24.78
—
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
71
67
56
55
58
63
'71
70
61
64
66
70
62
70
69
66
72
111
72
64
91
56
62
92
58
63
113
71
63
98
61
62
107
66
62
101
63
62
99
61
62
108
67
62
55
55
53
54
55
55
49
49
59
53
58
53
63
61
55
58
52
57
54
57
104
56"
54
99
54
54
99
52
53
100
53
53
89
48
54
112
60
54
107
58
54
111
61
55
102
56
55
98
53
55
102
56
55
71
66
83
62
81
62
68
54
68
61
61
66
68
69
47
55
52
62
35
46
36
51
51
63
87
81
101
87
90
83
84
78
99
98
87
95
92
92
72
78
91
95
56
63
60
66
69
70
277,928
252, 231
268, 756
212, 908
218, 559
268, 364
230, 947
249,259
236,058
229, 628
250, 839
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
23, 462
6,320
24, 277
4,068
6,007
1,479
8,530
54,165
21, 394
97,955
12, 944
6,294
4,460
37, 410
43, 583
42, 637
22, 356
6, 296
22,669
4, 918
5,417
1,621
9, 996
49,971
14, 769
85,711
10,807
5, 299
4, 263
36, 604
40, 452
39, 874
23, 358
7,922
26,571
6. 113
5,193
2,651
10, 270
43, 866
12, 551
87, 787
14, 894
5, 406
3, 721
33, 452
41, 008
40, 074
21, 850
5, 565
24, 847
6,268
6,242
1, 596
8,376
43, 360
12,126
113, 954
22, 269
6,868
3,027
47, 434
43, 162
42. 332
20, 120
4, 606
21, 867
4, 675
5,135
1,818
76
72
65
62
73
60
66
58
117
76
65
102
65
64
116
74
r64
r 10fi
67
63
56
59
52
55
55
54
112
03
56
102
54
53
T
VALUE§
Exports, incl. reexports
___thous. of dol.. 288, 573 246, 321
By grand divisions and countries:
8, 959
7,890
Africa
do
50, 632 45,107
Asia and Oceania
do
19, 847 19, 806
Japan
do
121, 301 112,702
Europe
do
12.132 11, 235
France
do
607
12,057
Germany
do
4, 834
4,132
Italy
do
60, 339 50, 737
United Kingdom
do
53, 165 36, 752
North America, northern
.do
52,156 36,170
Canada
do
29,116 21,156
North America, southern
do
4,465
5, 781
Mexico
do
25. 401 22, 755
South America._.
._.__
...do
5,944
Argentina
do____
4, 942
Brazil...
do
4.849
5, 997
Chile
do
2, 020
1,913
By economic classes (U. S. mdse. only):
Total
thous. of dol_. 284, 041 243, 621
Crude materials
do
66, 847 59, 605
Cotton, unmanufactured
do
35, 661 20, 511
Foodstuffs, total.
do
28, 786 31,391
Foodstuffs, crude
do
7,477 14, 254
21, 309 17,137
Foodstuffs and beverages, mfrs do
9,014
10, 365
Fruits and preparations
do
4,434
3.944
Meats and fats...
_
...do
Wheat and
flour..
do
4,270
4,038
Manufactures, semido
58, 993 40,159
129,415 112,465
Manufactures, finished
do
12, 457 14,171
Autos and parts
do
9 728
Gasoline
do
8,370
40,143 36, 626
Machinery
do
181,461 167,651
General imports, total
do
By grand divisions and countries:
3,341
3,799
Africa
do
60,511
46, 899
Asia and Oceania
do
19, 520 11,839
Japan
do
^Revised series. Data revised for 1937; see tables 19 and 20, pp.
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
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
4,204
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
6,813
43, 882
186,195
245, 913
30,243
7,458
26,927
10,808
16,119
5,844
4, 851
7,601
48, 247
140,495
23, 753
10,119
44,401
202, 502
233, 359
25,713
6,157
19, 521
6, 026
13, 495
3, 523
4,997
4,079
48, 462
139,664
20, 387
9, 453
42,191
178, 953
226, 737
29, 667
5,970
19, 719
4, 671
15, 048
4, 423
5,221
3, 837
45, 994
131,357
18, 520
7,628
43, 654
168, 925
248,148
36, 499
11,869
24, 329
8,384
15, 945
7,199
4,036
5,465
53, 504
133,817
14, 893
8,746
43,611
175, 756
5,081
49,131
11, 678
4,069
56, 033
14, 053
4,145
52,130
12,020
3,741
51,818
11,285
6,479
42, 780
7, 896
6,964
59, 952
9,707
8,571
51,162
10, 607
8,640
59,454
10,747
4, 4f>9
57, 080
11,237
4,497
53, 040
8,716
5,702
54, 339
13,171
14 and 15 of the April 1939 Survey.
37
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
1938
September
ortnhpr
Uctober
1939
I Novem- December
ber
January
February
March
April
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
57, 574
5.411
13,829
3,289
11,572
20,163
25,671
19, 406
4,442
23, 319
4,357
7,867
3,813
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
46, 009
4. 903
3, 349
2,711
11. 664
26, 964
26,533
19, 299
4. 365
25, 132
3, 952
191, 226
59, 507
28,205
26, 296
38, 822
185,800
54, 940
24,053
25, 036
37, 936
43,836
July
I August
I
FOREIGN TRADE—Continued
VALUE—Continued §
General imports—Continued.
By grand divisions and countries—Continued.
54,623
53, 609
58, 714
Europe
thous. of dol.. 41, 516 52,150
5,397
5,586
,°>. 851
5,992
5,191
France
do
5,794
6,256
7,289
6,923
Germany
,_.do
1, 815
3,397
3, 656
Italy
do
3,170
2, 401
4,520
12,251
12,898
United Kingdom
do
10, 445
10, 967
13,801
24, 300
North America, northern
do
24,186
34, 233
27,049 ! 25,839
23,554
25, 232
Canada
do
23, 500
33, 125
26,249
12, 753
North America, southern
.do
17,924
19.655
16,183
12, 566
4,748
2,440
3,134
3,084
Mexico
do
3, 460
24, 538
22, 693
21,821
South America
do
23,051
22, 206
4,252
3,882
3,631
3, 566
Argentina
do
3. 803
9,191
Brazil
do
8,820
8, 536
9,150
8, 351
2,457
Chile
do....
1,681
1,648
1,567
1, 813
By economic classes (imports for consumption"):
Total
.
thous. of doL. 199,483 172,947 178,460 171,652 165,522
52, 377
52, 355
Crude materials
do
53, 708
53,465
67, 606
Foodstuffs, crude..
do
20,473
21,120 I 23, 788
23, 093
19,465
Foodstuffs and beverages, rafrs do
27, 240
20, 887
28,639
22, 995
38, 412
Manufactures, semido
35, 753
35, 265
33,591
35,172
38, 275
40, 639
32,812
Manufactures,
finished
..._do
37,868
37, 342
35, 725
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
47, 722
5,234
4,930
2,669
10, 995
20, 302
20,129
18. 650
5,270
22,102
6, 086
7,667
2,272
53,890
26, 774
16. 638
37,158
34, 864
48, 073
22,947
18, 635
34. 047
28,827
2,468
44,496
5, 140
3, 975
2, 264
11,081
20, 993
25,557
18, 530
3, 627
21, 370
3, 207
6, 657
1,822
48,150
5, 708
3, 797
2,080
10,990
20, 681
25, 970
18, 490
3, 534
22, 394
4,787
8, 281
1, 691
194,193
62. 277
25, 886
26, 062
39, 857
40, 411
178, 405
54,725
22, 518
27, 725
38, 633
34, 804
170, 451
50, 041
21,759
27, 799
30,912
33, 939
180, 379
60, 902
20, 778
27, 005
35, 651
35, 383
9, mo
I
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
thous. of doL.!
Operating income
do~
Electric Street Railways
Fares, average, cash rate
Passengers carried %
Operating revenues
...
cents..
7, 804
thousands.. 747,175
thous. of dol-.
9,497
9,404
9,240
11, 338
9,107
9,165
131
920
72
76
67
9 454
59
9 374
127
8,586
71
8,499
115
69
8 899
08
7.889
729,663
52, 229
7.889
789. 695
56, 582
7.889
775, 461
55,274
7.888
838, 707
60,028
7.888
790,120
56,869
7.873
737,164
53, 361
7.873
835,136
59. 702
7.864
788,941
56, 628
7.864
811 584
58 222
7 804
763 038
55 383
804
710 180
51 907
7. 804
722,987
52, 699
62
44
40
41
67
58
47
42
89
30
61
70
Class I Steam Railways
Freight-carloadings (Federal Reserve):
Combined index, unadjusted... 1923-25=100_.
71
85
75
70
64
63
Coal...
_
do
76
71
76
76
78
Coke
_
do
64
49
50
58
58
Forest products
do
43
37
43
39
37
Grains and grain products
do
95
71
83
76
72
57
Livestock
.do
40
50
62
53
40
65
Merchandise, 1. c. 1
do
59
59
64
65
62
149
Ore
.do
41
22
23
72
71
92
Miscellaneous
do
82
65
78
76
67
77
69
Combined index, adjusted
do
69
68
69
64
85
67
Coal
..do
68
69
69
70
82
55
Coke
do
51
50
58
53
45
42
Forest products
do
43
40
42
40
88
79
Grains and grain products. _
do
95
83
74
81
45
41
Livestock
do
39
44
41
44
63
62
61
Merchandise, 1. c. 1
do
61
61
62
85
102
Ore
_
do
92
41
48
74
82
76
Miscellaneous
do
69
72
74
74
Freight-carloadings (A. A. R.):1
3,844
3,542
Total cars.
thousands..
2,302
' 3,244
2, 530
2,949
740
515
Coal
do
668
664
511
••600
45
Coke
...do
'2S
35
30
31
26
171
159
' 152
109
Forest products
do
131
103
219
221
Grains and grain products
___do
137
'190
163
129
90
-80
102
69
Livestock
do
53
67
780
'758
799
594
561
Merchandise,!, c. 1
do
708
277
' 135
141
65
44
33
Ore
do
r
1,523
1,422
1,301
1,018
878
1,138
Miscellaneous
do
70
169
144
218
221
175
Freight-car surplus, total
do
33
86
106
68
85
106
Box cars
do
16
51
49
67
Coal cars
._
do
42
71
Financial operations:
r
Operating revenues, total
,..thous. of doL 381,118 322, 543 353, 441 319,682 318,336 305, 769
314,400 -•261,288 293, 762 264,135 251, 320 246, 803
Freight
do
37,146 r 34, 392 31, 459
30,211
37,913
34, 785
Passenger
do
251, 107 '•231,983 242. 409 231, 257 232, 704 232, 946
Operating expenses
do
80, 435 r 50,400
68, 566
49, 665
49, 373
32, 891
Net railway operating income
____do
d
24, 068
6,277
7,422
22, 225
8, 721
Net income
do
Operating results:
32, 757
29,110
28, 471
28,133
28,152
Freight carried 1 mile
...mil. of tons..
.977
.977
1.004
.981
.964
Revenue per ton-mile
cents..
1,662
1,825
1,564
1,928
1,790
Passengers carried 1 mile
millions..
63
66
58
36
62
35
62
57
47
36
39
64
67
31
32
62
68
37
62
31
72
76
60
22
64
67
65
46
36
70
38
62
93
75
2,297
529
30
99
116
42
577
34
870
21
70
66
62
55
36
73
40
60
43
56
38
76
62
40
61
86
73
75
70
2,390
2,832
350
29
140
159
61
478
29
105
125
42
612
33
967
202
95
775
72
71
69
57
44
90
37
62
125
75
70
78
69
42
75
37
62
67
74
209
1,261
175
79
65
2 549
429
24
118
200
44
583
167
983
160
79
53
2,689
476
27
126
170
48
615
192
1,034
131
70
34
73
36
61
81
73
108
74
67
68
51
40
90
36
61
64
71
62
51
42
40
81
40
61
58
70
2,372
297
19
121
137
49
612
121
1,016
211
90
87
3, 149
503
28
151
202
50
744
64
52
43
111
34
61
112
74
69
76
62
43
80
39
62
59
63
67
58
1,261
265
86
146
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, 258
d
27, 896
302, 618
243, 641
31, 758
237, 411
25, 101
d
1 8 , 594
321, 617
255, 763
38. 430
241, 780
39, 095
d 685
332, 436
265 080
41 209
241 902
49 012
6,578
344, 400
276, 707
39, 821
247,022
54,586
10,053
25, 553
.972
1,555
28,831
.988
1,618
23,983
1.035
1,681
25, 737
1.045
28, 465
987
2,
075
29 824
971
2 355
31,389
1,725
209
102
h
Waterway Traffic
Canals:
278
328
Cape Cod
...thous. of short tons.
348
342
326
362
327
317
414
363
396
309
480
684
New York State
do..._
615
845
0
0
0
0
101
586
687
735
538
Panama, total
thous. of long tons..
2,446
2,360
1,998
2,224
2,374
2,393
2,207
2,664
2,473
J, 385
2,539
2,318
2,437
1,034
In U. 8. vessels
_.
do
753
921
806
971
905
779
888
789
807
689
873
892
r
Revised.
* Deficit.
IData for September, October, December 1938, April, June and September 1939 are for 5 weeks; other months, 4 weeks.
JFor 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; see p. 37 of the April 1939 Survey.
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.
38
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
1938 Supplement to the Survey
1939
November 1939
1938
1939
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Waterway Traffic—Continued
Canals—Continued
St. Lawrence
tfaous. of short tons_.
Sault St. Marie
do
Suez
thous. of metric tonF__
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, IT. S. ports
.thous. of net tons
Foreign
do
United States
do
1, 296
6,624
2,248
1,786
1, 429
7,141
2, 460
2, 030
1.065
4, 406
2, 270
1, 652
5
323
2,422
181
0
0
2,166
0
0
0
2,277
0
0
0
2,561
0
223
224
1, 422
967
249
190
1,595
1,055
244
215
1. 710
991
180
171
1, 798
1,074
175
183
1,5(38
1,003
135
124
1,557
199
136
1,742
1,114
101
169
348
469
136
67
661
655
230
145
1, 688
1, 265
191
1, 704
1,400
234
r
228
1.949
1,411
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
6,241
4,766
1,475
6, 667
4,971
1,696
7, 082
5,280
1, 802
7, 2S0
5,551
1, 729
54.806
56,828
139,297 143,993
877, 564 855,151
6,151
6,302
46,090
113,621
685, 389
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
63, 361
162,682
725, 061
7,122
3.28
61
85
3.32
65
89
3.47
60
94
3.26
54
2.21
64
3.28
63
3.15
64
'84
3.37
63
-99
3.20
63
90
3.34
62
' 95
3. 29
58. 027
31.848
2
8,226
5.138
31,710
19,931
2,081
8,825
5,122
15,649
16.103
2,157
6, 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
19, 800
19,011
2,077
6,049
16,080
20, 889
24,788
3,168
4, 512
21,013
29, S72
42, 240
3, 163
4, 094
10,393
425, 202 236,771
124, 178
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
248,075
73, 402
471,624
136, 576
916,175
249.905
875. 682
238, 296
50 j
1,189
43 i 5,799
2,569
2, 476
200 1,324
1,161
8,622
2 220
1,
580
1, 119
9, 598
1,659
10, 552
" 1,713
Travel
Operations on scheduled airlines:
Passenger-miles flown _...thous. of miles..
Passengers carried
number..
Express...
pounds..
Miles
flown
thous. of miles..
Hotels:
Average sals per occupied room
dollars.
Rooms occupied
percent of total _
Restaurant sales index
1929=100 _
_
Foreign travel:
Arrivals, U. S. citizens
number. _
Departures, U. S. citizens
do
Emigrants
do
Immigrants
do
Passports issued
do
National Parks:
Visitors
do
Automobiles
do
Pullman Co.:*
Revenue passenger-miles
thousands..
Passenger revenues
thous. of dol__
70, J 99 72,018
75,145
179,055 ISo, 043 194,418
824, 630 725. 922 933, 965
7, 541 | 7, 639
7,183
85
3.39
61
93
7,444
715, 529
4,555
651,851
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
631,529
4,147
769,819
4,842
801, 514
4, 990
764.706
4,855
96, 725
62. 850
25, 428
67, 030
16, 791
17, 465
99,608
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
102, 646
66, 875
27,101
68, 983
19, 832
18,055
102,119
66, 521
26,923
m, 184
20, 027
18, 072
99, 824
64, 690
26, 383
67, 738
18, 398
18,102
101,793
65, 0G0
27, 942
68, 650
19, 268
18,160
11, 550
'9,850
11.156
' 9,490
10, 751
9,114
12, 408
10,553
10,549
8,829
9,987
8,436
11, 577
9,717
11,012
11,735
10,065
11,721
10,113
10, 676
9,189
11, 583
9,887
586
569
861
804
9,903
558
'356
522
830
807
9,991
69
'774
570
976
879
10. 756
1,041
291
527
856
864
9, 816
15
'884
463
756
795
9,319
dl7
'934
588
901
960
10,031
814
502
768
861
9.809
512
'387
514
790
880
10,289
699
'229
501
774
834
10,142
886
43
451
707
780
10, 028
542
802
893
10,146
695
' 951
d 999
COMMUNICATIONS
Telephone:
Operating revenues
„
thous. of dol.
Station revenues
do. .
Tolls, message
do
Operating expenses.
__
-do
T.
N e t operating income
do
Phones in service end of mon th
thousan ds...
Telegraph, cable, a n d radiotelegraph 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
N e t income
do
953
199
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
9,202
8,203
7,944
7, 395
7,578
7,523
'•9.107 Ml,187 '10, 30.8 M 0 , 434 j -6,722 | -"6,558
Consumption
thous. of wine gal__ 12, 848
9,190
8,490
8,166
7,437
7,719
7,616
12, 625
••9,157 '11.099 r 10,180 | r io,478 I '6,827 j ^6.446
Production
.
do
2,007
1,766
1,982
2, 015
1,485
1, 776
1,233
'1,279
1,379 I
1.260 1,294
1, 364
Stocks, end of month..
do
'I, 463
Alcohol, ethyl:
17, 643
18. 539
18,655 '16,838
17,067 I '14,650 ' 17, 438 '17,857
17,017
15,164 '16,781
Production
thous of proof gal. _ IS, 104 '15,759
32, 232
32,919
30, 860
27, 741
29, 625
31.078
24,433 I 26,072
23,277 ! 20,895
Stocks, warehoused, end of month
do .._ 25,913 ' 32, 737 '28,318
13! 823
16, 050
13, 253 '15,031
15, 029
22,315
13, 202
17,249 '17,391 '11,401
11,198
Withdrawn for denaturing
do
16, 072
18, 986
'2,074
1,780
2, 187
1,851
2,009
1,858
1, 765
1,691
'1,363
2, 439
1, 841
Withdrawn, tax paid
do._1,639
2,111
Methanol:
28, 373
18, 441 108, 084 195, 034
24,195
24, 355
10, 806
26, 359
12,648
25. 990
8. 431
Exports. refmed§
gallons_ _ 28, 337 22,716
.36
.36
.36
.36
.36
. 36
.36
.36
.36
. 36
.36
.36
Price, refined, wholesale (N. Y.).dol. per gal..
Production:
344
378
300
354
405
389
365
344
352
336
303
335
357
Crude (wood distilled)
thous. of gal...
2, 295
2, 495
2,079
1,779
2,276
2, 040
2,407
2, 463
2,267
2.618
2. 295
2,844
1, 930
Synthetic
do . .
27, 652
30, 210
29, 315
32, 700
26, 341
27, 801
26, 592
29, 385
28,415
29, 258
Explosives, shipments
thous. of lb_. 35, 933 30, 443 32,151
Sulphur production (quarterly):
105, 895
83, 260
68, 900
Louisiana
long tons _ 106, 795 72, 520
357,819
405, 263
472,986
Texas
do..-.
478, 774
Sulphuric acid (fertilizer manufactures):
Consumed in production of fertilizer
short tons.. 134, 287 126, 974 151, 083 147,592 148, 289 142, 451 138, 273 119, 081 112,593 108, 889 106,137 104, 378 115, 119
Price, wholesale, 66°, at works
16. 50
16.50
16.50
16. 50
16.50
16. 50
16.50
16. 50
16.50
16. 50
16.50
16.50
16. 50
dol. per short ton__
Production
short tons.. 153,897 133, 266 161, 285 171,106 176, 923 181, 386 169, 769 169, 952 145, 689 155, 902 140, 580 139,248 161, 791
Purchases:
19.252
10, 535
18, 635
8,853
15,021
11,951
30, 040
18, 751
38, 531
31,182
20, 418
40, 284
20, 604
From fertilizer manufacturers
do
15, 568
25, 614
17, 067
20, 771
16, 542
17, 508
23, 778
18, 580
18, 494
27,515
22, 343
From others
__.do
33,590
21, 564
Shipments:
25,804 t 45,396
36, 966
38,123
33, 202
37,571
35,100
39,167
26. 032
28,971 I 37,752
33,080
38, 085
To fertilizer manufacturers
do
43, 369
38,835
45,376 i 43,346
42, 864
35, 528
35, 545
Toothers
_ . . d o . . . 44, 0S9 34, 973 40,904 I 38,447 I 40,915
40, 850
•• Revised.
* Deficit.
° Less than $500.
•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 Survey.
§Revised series. Data revised for 1937; see table 19, p. 14, of the April 1939 Survey.
SURVEY OF CURRENT BUSINESS
November 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
Decera- j
October Novern-! ber ] Januher
ary
February
March
April
May
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
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..
Potash deliveries*
short tons..
Superphosphate (bulk):
Production
short tons._
Shipments to consumers
do
Stocks, end of month
do
148
123, 792
27,157
76, 904
097
88, 270
71,447
10, 445
392
15, 877
r 139
116,828
24, 047
87, 824
131, 407
75,849
20, 829
8, 276
42, 407
134,929
20,271
93, 058
261
158,140
82, 576
32, 971
9,337
64,124
1. 450
1.450
47,169
1. 450
72, 299
217
133, 295
25,119
101,186
72
149,798
78,124
32, 336
3,421
66, 897
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
312
148,095
12, 142
112, 773
302
145,432
99, 074
62, 010
7, 033
10, 415
86
136, 016
12, 655
105, 934
268
109, 737
90, 541
59, 332
594
16, 425
48
154, 800
8, 067
137, 446
447
90,102
45, 632
18, 479
2,321
41, 234
43
14!, 171
26,618
106, 607
349
76, 002
45, 795
9,481
408
29, 087
1.450
101, 438
1. 450
2, 489
1.450
2,632
1. 450
5,250
1. 450
8,379
1.450
8,674
1.450
17, 337
1. 450
26, 632
1.450
38, 956
305, 538 279, 381 314, 359 326, 794 343. 204 322,211
109,223 108, 470
17,147
46, 980
17, 717
29, 340
,012,067 1,160,299 1,219,272 1,322,306 1,361,127 1,298,883
312, 284
54,893
,288,536
301,694
161,202
,106,679
286, 747
216,671
815,911
277, 437
139,648
778, 758
243, 402
34, 263
871,109
243,356
13, 496
924, 045
279,107
28, 277
963,431
4.86
43,810
615,381
4.94
57, 079
625,138
4.96
61, 774
639, 914
5.19
61,096
659, 878
5. 05
57, 640
672, 880
9, 799
107, 339
.24
14, 638
104, 759
.24
15, 884
102, 941
.24
14,692
102, 126
'.24
13,754
102,285
2, 559
79, 467
9, 841
69, 625
3, 865
86,413
10,292
76,121
NAVAL STORES
Rosin, gum:
Price, wholesale " H " (Savannah)
5.48
dol. perbbl. (280 lbs.)Receipts, net, 3 ports
bbl. (5001bs.)__ 60, 289
679,127
Stocks, 3 ports, end of month
do
Turpentine, gum, spirits of:
.26
Price, wholesale (Savannah)
dol. per gal__
Receipts, net, 3 ports.
bbl. (50 gal.)-- 16, 369
101,111
Stocks, 3 ports, end of month
do
369
121
146
147, 587
20, 207
123, 339
413
116, 298
50. 231
4. 851
6,046
58, 730
1. 450
4.14
119,818
542,161
5.12
87, 935
588, 870
4.89
97, 664
660, 252
4.34
48, 095
678, 731
4.90
20, 473
657. 839
5.21
13,757
642,825
5.65
19, 367
609, 502
.21
.22
17, 670
128, 334
.29
18. 304
134, 460
.28
10, 593
133,921
.25
2,390
123. 584
.26
1, 908
118, 954
3, 256
109, 626
31, 745
130,897
.29
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___
254,
480,
318,
238, 802
395, 795
296,157
222, 460
505, 816
312, 725
233, 456
501,165
346, 321
217, 899
503, 947
403, 809
54,
93,
52,
48, 656
79, 787
56,400
87, 253
61, 276
48,182
86, 419
54,170
47, 438
92, 964
54, 943
405,
36,
411,949
45, 270
370, 759
55, 662
354, 692
51,163
300, 076
55, 350
68,
68
221,
51,950
97, 753
206,906
102,193
256,352
66,512
47,713
242, 725
66,138
;, 983
180, 364
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory (quarterly)
694
997
712
mil. of lb_.
2, 656
3,027
2,815
3,798
2, 204
Exports
thous. of lb
7, 908
92,613
80, 424
94, 982
Imports, tntalj...
do.
90,189
51, 020
91, 692
10,525
11,303
15, 414
Paint oils§
do__
11,277
9,372
n ; 414
82, 089
69,121
All other vegetable oils§
do__
40, 343
79, 568
80, 817
80, 278
580
Production (quarterly)
..mil. of lb
583
977
Stocks, end of quarter:
714
661
870
Crude
do__
494
523
Refined
do_.
668
Copra:
Consumption, factory (quarterly)
54,083
58, 414
short tons.. 49, 469
20, 092
7, 533
26. 745
20, 967
23,105
Imports
do_
15, 437
44, 953
13, 881
36, 525
Stocks, end of quarter
do.
Coconut or copra oil:
Consumption, factory:
150,922
Crude (quarterly)
thous. of lb__ 143,265 154,327
52, 359
77, 365
78,573
Refined (quarterly)
do.
7, 204
8,711
7, 244
3,113
8,420
7,023
In oleomargarine
do.
32, 579
26,824
34, 725
10, 988
39, 792
23,101
Tmports§
do.
Production (quarterly):
73, 685
61,949
68,033
Crude
do
82, 506
70, 338
82,743 !
Refinod
do.
Stocks, end of quarter:
197. 485 184,312
202 30?
Crude
...do
13, 001
12, 100
Refined
do,
is, sr'
Cottonseed:
534
570
665
451
524
630
Consumption (crush).. _thous. of short tons._
152
' 1,279
1,155
327
631
1,141
Receipts at mills
..
do
1,054
1, 559
1,560
1, 353
813
r 1, 073
Stocks at mills, end of month
do.
Cottonseed cake and meal:
3, 745
4, 468
2, 200
1, 235
407
1,318
Exports
short ton
232, 352 253,661 294, 408 284, 458 237. 933 205, 494
Production
do
124^ 374 259,419 295, 380 313,538 313, 318 289,286
Stocks at mills, end of month
do
Cottonseed cil, crude:
Production
thous. of lb._ 162,480 178,657 203, 74e 195. 809 163,035 145, 077
111,664 151, 570 168, 457 175, 377 178,203
110,701
Stocks, end of month
do
Cottonseed oil, refined:
301, 398
Consumption, factory (quarterly)
d o . . . 354, 226 ?T-,Q, 9 9 0
10, 246
9, 884
9, 034
10, 381
10, 807
In oleomargarine...
do__.
10, 577
Price, summer, yellow, prime (N. Y.)
.078
.074
.074
.076
.071
.071
dol. per lb_.
•
Production
thous. of lb__ 93, 924 » 92, 270 161,768 162, 361 143, 823 138, 022
411,791 404,792 446, 739 503,890 563, 794 609,950
Stocks, end of month
„
do
T
Revised.
*New series. Data are on basis of potassium oxide content; figures beginning 1928 not shown on p. 39 of
§ Revised series. Data for 1937 revised; see tables 19 and 20; pp. 14 and 15 of the April 1939 Survey.
952
4,136
85, 466
8,169
77, 298
3, 994
98,010
10, 708
87, 302
832
816
3, 673
91. 633
10, 755
80, 878
593
4,202
60, 455
12,136
48, 319
4,314
97, 275
9,382
87, 894
11, 643
20, 880
52,114
12, 514
19, 928
3,773
3, 428
22, 889
2,964
38, 450
137, 891
53, 074
2,129
37, 556
1,559
21,215
1, 763
32, 898
860
17, 491
5,295
29,122
59, 473
22, 630
35, 816
154,408
64, 957
4,729
41, 370
75,457
75, 064
66. 388
68,213
20?, 322
13, 735
226, 894
12, 315
367
95
782
399
136
518
256
73
336
199
58
194
98
45
140
52
120
196
189
169,766
245, 221
3S9
188,051
196, 544
506
115, 729
177,134
81
93,845
173, 019
124
43, 272
151, 259
46
34,293
120, 794
675
68, 229
97,085
116,438
180, 666
129, 265
177, 466
84,753
164,945
68, 322
137, 785
32,817
88, 828
23. 691
73, 353
45, 355
62, 000
9,412
285, 230
9, 678
7,584
6,781
272. 970
6,708
.067
110,492
633, 329
.069
131, 956
642, 463
.066
98, 803
658, 332
.066
82, 011
639, 328
. 065
78, 683
614, 470
151
6, 986
. 061
41,519
558,855
the August 1939 Survey will appear in a subsequent issue.
. 055
54. 666
494,718
40
SURVEY OF CURRENT BUSINESS
Mouthly 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
September
November 1939
1938
September
1939
October Novem- December
ber
January
February
March
April ! May
June
1 July
j August
CHEMICALS AND ALLIED P R O D U C T S — C o n t i n u e d
OILS, FATS, AND BYPRODUCTS—Con.
Vegetable Oils and Products—Continued
I
Flaxseed:
Imports§
thous. of bu._
Minneapolis:
2,709
Receipts
do
648
Shipments
do
5,456
Stocks
do
Duluth:
2,032
Receipts.
do
1,170
Shipments
do
1,521
Stocks
.do
Oil mills (quarterly):
6,814
Consumption
do
6, 38-3
Stocks, end of quarter
do
1.75
Price, wholesale, No. 1 (Mpls)—dol. per bu__
Production (crop est.)
thous. of bu__ «17, 439
Linseed cake and meal:
40,600
Exports§
—do
Shipments from Minneapolis
do
23, 280
Linseed oil:
88,397
Consumption, factory (quarterly)
do
.099
Price, wholesale (N. Y.)dol. per lb__
Production (quarterly)
thous. of lb__ 134, 326
14, 700
Shipments from Minneapolis
do
112, 475
Stocks at factory, end of quarter
do
Oleomargarine:
27, 918
Consumption (tax-paid withdrawals)..do
Price, wholesale, standard, uncolored (Chi.124
cago).
dol. per lb-_
Production
thous. of lb_. 28,105
Vegetable shortenings:
Price, wholesale, tierces (Chi.)
dol. per lb__
.104
1,346
1,381
1,565
1,474
2,111
2, 248
2,031
1,418
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
833
416
670
241
324
586
152
620
152
1
8
112
1
0
111
1
82
29
1
29
2
5,043
3,019
1.79
1.84
1.84
7,206
2,389
1.
/ 8,171
1.92
7,112
2,521
1.97
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
.087
.083
.085
.085
~3~960~
~3~900~
80, 736
.084
98, 407
8, 263
113,012
"I'm
72, 419
.086
139.106
3,209
141,785
0)
2
110
76,674
.088
139,209
7,200
161, 251
1, 802
61
38
280
0)
1.83
1,123
73
20
225
67
28
231
99
41
59
6.207
1, 958
1.81
1,511
8, 100
389
2,059
0)
801
144
659
1.57 !
50,396 1 40,849 ! 48,733 | 44,589 | 50,163
8,280 | 7,280
7,000
6,360 ! 16,400
.089
9,780
~6~480
91, 360
. 093
124, 823
6. 360
130,310
.090 I
.086
~8," 100
5,880~i
32,000
31,824
29,812
29,991
30,350
27,774
29,032
23,622
22, 827
20,745 | 20,114 I 21,206
.155
32,387
.153
31,092
.150
30,221
.143
30, 373
.140
30,319
.140
27,701
.140
29,417
.140
23,325
. 135
22, 699
.135 !
.135 | .135
21,111 i 19,262 i 21,608
.103
.100
.098
.093
.091
.095
.093
34
30
32
33
44
144
219
251
187
316
280
210
317
282
230
338
305
206
309
281
156
297
206
.093
.090
.000 i
.089
PAINT SALES
Plastic paints, cold water paints, and calcimines:
Plastic paints
thous. of doL.
Cold water paints:
In dry form
.
do
In paste form
do—
Calcimines
do—
Paints, varnish, lacquer, and fillers:
Total
do
Classified, total
do
Industrial
do....
Trade
do
Unclassified
do
49
42
47
171
299
279
162
219
282
156
253
245
115
190
226
113
169
222
126
211
235
37, 049
25, 598
10, 430
15,168
11,452
29,769
20.114
7,879
12, 235
9,655
28. 773
29, 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
40.138
28, 546
9,611
18, 935
11, 592
36, 886
26, 197
9, 781
16, 416
10, 690
29, 472
20 769
8, 199
12 569
8 703
33, 087
23,413
9,309
14,104
9, 674
328
1,164
1,156
296
974
1,030
316
1,051
1,124
228
1,018
1,008
246
789
937
242
923
956
257
1,049
977
342
1,315
1,171
287
1,116
950
249
1,036
940
297
957
1, 000
291
979
847
326
1,009
1, 065
7
706
677
592
616
10
945
1,048
14
1,332
1,251
7
1,112
1,032
896
856
989
1,014
14
1.078
1,029
12
508
522
10
491
509
446
378
6
561
537
7
1,041
815
1,312
1,153
860
759
1,044
989
1,031
956
758
671
725
682
871
770
963
810
736
600
782
704
795
703
645
604
1,034
967
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
1,410
374
391
645
2,910
692
891
1,327
3,289
785
1,150
1,355
2, 887
831
1, 058
',633
737
926
970
3,923
1,115
1,176
1,632
44
45
154
287
255
CELLULOSE PLASTIC PRODUCTS
Nitro-eellulose, sheets, rods, and tubes:
Consumption*
tbous. of lb_
Production
do...
Shipmentsd"
do.__
Cellulose-acetate sheets, rods, and tubes:
Consumption*
thous. of Reproduction
do___
Shipmentsd*
do...
Moulding composition:*
Production
_
do...
Shipmentsi
_
do...
ROOFING
Asphalt prepared roofing, shipments:
Total
.thous. of squares.
Gritroll
do...
Shingles (all types)
do...
Smooth roll
do...
2,714
720
1, 057
ELECTRIC POWER AND GAS
ELECTRIC POWER
r
11,228
10, 651
10, 529
9, 955
10, 341
11,111
9,654
10, 567
10, 641
10,882
9,898
10, 270
10, 303
Production totalt
mil. of kw.-hr
By source:
'7,701
6, 743
7,179
6,176
6,116
5,562
7,992
6,899
6,976
5,828
6,377
6,760
6,868
Fuel
.
do
3,472
3,786
3,527
4,165
4, 450
4,393
3,119
3,742
3,402
3,906
3,826
3,520
3,543
Water power
do
By type of producer:
Privately and municipally owned public
9.820
10,329
9, 846
9,900
9,321
9,686
9,043
9,965
9,615
9,660
10, 205
9,238
utilities
mil. of kw.-hr__ 10,260
804
709
655
667
'900
611
634
677
676
851
655
643
Other producers
do
660
Sales to ultimate consumers, totalt (Edison
8,583
8,953
8, 577
8,282
8,324
8,398
8,240
8.779
8,475
8,806
8,335
8,190
Electric Institute)
mil of kw.-hr
1, 620
1,627
1,620
1,719
1,604
1,843
1,987
1,815
1,700
1,723
1, 638
1,611
Residential or domestic
do
6,187
6, 526
6,169
5,704
5, 867
5,849
5,615
5, 751
5,835
5,940
5, 850
5,786
Commercial and industrial
do
128
111
121
159
134
115
197
192
206
166
156
178
Public street and highway Itg
do
194
197
202
202
193
194
192
194
205
203
194
196
Other public authorities
do
441
433
443
524
461
531
493
473
479
547
407
449
Sales to railroads and railways
do
35
32
35
36
41
42
42
39
34
38
37
38
Interdepartmental
.do
• October 1 estimate.
/ December 1 estimate.
i Less than 500 bushels.
" Revised.
•New series. For data on nitro-cellulose consumption, cellulose-acetate consumption, and molding compositions beginning 1935f see table 15, p. 18 of the March 1939 Survey.
fFor electric power sales, see note marked with a "f" on p. 41 of the July 1939 Survey.
§Revised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.
^Includes consumption in reporting company plants.
^Excludes consumption in reporting company plants.
JFor electric power production, see note marked with a " 1 " on p. 41 of the July 19^9 Survey. Revised data on production "by type of producer," referred to therein, are
shown beginning June 1938 on p. 40 of the August 1939 Survey; data beginning 1920 will be published when available.
41
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
1939
1938
September
October Novem- December
ber
January
February
April
March
May
June
July
August
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER-Continued
Revenues from sales to ultimate consumers
(Edison Electric Institute)
thous. of doL.
185,948
188,019
192,178
198,991
201,330
190,219
186, 714
185, 987
183,112
186,166
186,600
189, 225
9,947
9,284
196
458
26,325
16, 466
898
8,803
9,936
9,264
212
450
29,180
17,655
2,147
9,179
9,926
9,241
220
456
30, 459
16, 041
4,847
9, 365
9,947
9, 254
227
458
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
9,197
218
467
32, 626
16, 242
6,074
10,144
9,986
9,285
224
466
30,303
15,755
4,421
9,969
9,979
9,290
214
465
27, 917
16,600
1,587
9. 606
9,995
9,316
202
466
25, 052
15,541
948
9,007
10,016
9,336
206
464
24,879
14, 702
756
9,305
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
22, 125
5,196
6, 292
32, 811
21.038
5, 429
6,227
32,4.50
21,054
4,902
6,368
31, 586
21,252
3, 840
6,368
30, 707
21,845
2, 519
6.231
29, 561
22, 253
1,232
5,990
27,662
21,105
788
5,683
26, 606
20,121
663
5, 731
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
8.1, 704
7,156
7, 163
6,603
6, 615
550
546
129,398 134,515
49, 177 51,291
81. 770
78,736
7,194
6. 636
555
127, 377
46, 791
79, 303
7,190
7,178 i
6, 655
6,626
533
' 549 |
113,379 101, 438
27,415
36, 510
72, 581
75, 465
7,163
6, 650
510
87,413
18, 862
67, 378
7,152
6,651
499
86, 376
16, 013
69, 210
7, 191
6, 689
501
88, 739
15, 015
72, 233
25,216
12, 270
12, 737
29, 024
14,853
13. 974
36, 226
20,280
15,801
45.619
27, 751
17.630
28, 559
15,197
13,193
26, 235
13. 011
13, 035
26, 278
12, 465
13, 597
GAS§
Manufactured gas:
Customers, total
thousands..
Domestic
.do
House heating
do
Industrial and commercial
do
Sales to consumers
mil. of cu. ft_.
Domestic
_
do
House heating
do
Industrial and commercial
do
Revenue from sales to consumers
thous. of doL.
Domestic
do
House heating__
do
Industrial and commercial.
do
Natural gas:
Customers, total.
thousands..
Domestic
do
Industrial and commercial...
do
Sales to consumers
mil. of cu. ft...
Domestic
do..—
Indl., com!., and elec. generation
do
Revenues from sales to consumers
thous. of doL.
Domestic
do
Indl., coml., and elec. generation
do
50, 279
32, 141
17,899
41,034
24, 845
15, 958
34,644
19,873
14, 550
' 4,641
3,985
8, 746
,197
47,979
32.619 ! 30.218
! 17,520
18,331
r 5, 651
5, 079
9, 086
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl.
Tax-paid withdrawals
do
Stocks
do...
Distillod spirits;
Production
thous. of tax gal.
Tax-paid withdrawals
do...
Imports*
thous. of proof gal.
Stocks
thous. of tax gal
Whisky:
Production
do.._
Tax-paid withdrawals
do
Imports*
thous of proof galStocks
thous. of tax gal.
Rectified spirits and wines, production, total
thous. of proof galWhisky*
do...
Indicated consumption for beverage purposes*
All spirits*!
thous. of proof galWhisky*!
___do___
Still wines:
Production*
thous. of wine gal_
Tax-paid withdrawals*
do...
Imports*
__ _ do
Stocks*
do___
Sparkling wines:
Production*
do...
Tax-paid withdrawals*..
do
Imports*
do._>
Stocks*
do...
DAIRY PRODUCTS
Butter:
Consumption, apparent!
thous. of lb_.
Price, wholesale 92-score (N. Y.)
dol. per Reproduction, creamery (factory)f..thous. of lb_.
Receipts, 5 marketst
do
Stocks, cold storage, creamery, end of month
thous. of lb__
Cheese:
Consumption, apparent!
do
Imports
.
_ do
Price, wholesale, No. 1 Amer. (N. Y.)
dol. per lb_.
Production, total (factory)!_„___thous. of lb__
American whole milk!
do
Receipts, 5 markets
dol"~
Stocks, cold storage, end of month
do
American whole milk
_
_
do
Condensed and evaporated milk:
Exports:
Condensed (sweetened).,
thous. of lb_.
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. per case..
Evaporated (unsweetened)
do
10,244
8,772
1,843
514, 433
f
' 4, 324 '3,592 I
3,482 r 4, 497
3, 645
r
' 4, 433 r 4, 117 I 3, 774
3. 104
3,031 ' 3, 822
r
* 8, 260 '7,508 I 7, 307
7, 083 r 7, 470
7. 774
8, 265
» 9, 290 ' 19,219 ' 22, j SB 17, 230 r 11, 874 < 10, 700 13, 022
•
'
•
7, 503 10, 200 11,738
9,714
6, 248
6,112
8, 566
924
1, 200
1,691
1,381
667
676
831
494,179 495,013 501,045 505,414 510,194 513,462 516, 755
4,985
6,793
1,599
472,499
4,997
5.845
818
467,497
4, 392
4,921
8,112
8,119 r 10, 572 r 11,003
7, 665
8,153
9.559
1,459
1,046 1,215
4(56,355 r 466,175 460,785
* 9, 204
5,007
571
470,251
r
r
r
r
8, 724
9, 993
' 4,996
6,791
582
706
472, 934 475,150
10, 940
'7,593
776
519,162
T
r
r
T
8, 513
5,728
678
477,136
r
10, 756
6,868
845
521,251
r 6, 271
5, 656
9, 447
r
r
T
r 8, 304
6. 456
772
522,058
r 7, 972 ' 5, 774
4, 8%
4, 885
730
666
478,741 ' 478,900
5, 637
5,538
9, 330 j
5, 450
5,715
8, 83<>
5,381 |
6,390
5,005 | t>.(>63
032
710
520, 429 518, 487
3,711
4, 343
534
477, 149
4, 392
5, 098
612
475, 37 L
3, 504
2, 710
4,480
3,689
5, 362
4,445
4,774
3,898
2,973
2,375
2, 683
2,192
3,817
3,078
3,670
2,800
3,425
2,496
2,960
1,977
2, 930
2,014
3, ISO
2,332
9,910
8,306
12,950
11, 328
15, 038
13, 351
13,118
11.425
8,192
6,988
7,743
8,816
10, 771
9,357
9.775
8,122
9,137
7,142
8,699
6,767
K, 774
7, 8(>1
7, 104
92, 432 73, 578 24,154
8. 644
7,215
6,843
476
406
127,066 137,224 128,047
5,008
5,033
247
122,601
1,026
1, 678
5,018
5,883
194
292
117,094 111,357
1,003
5,157
310
105, 776
1,103
4,994
229
100,933
677
4,682
207
94, 861
28,198
5,123
181
99,166
0,131
914 j 5,211
4,247 | 5,053
154 i
152
91, 04S
87,127
18
23
35
659
18
40
60
636
26
54
S3
608
78
138
554
15
16
23
548
9
11
19
546
25
13
22
558
43
13
26
587
70
17
37
639
37
23
36
647
19
20
20
64<>
141,371
152,408
150,912
153,152
145,603
139,535
153,186
153,009
.26
.28
.26
134, 515 151 070 136.132
64,457
55, 208 78,843
154, 571 210, 703 194,285
.27
116,042
50,495
.28
121, 790
53, 269
.26
128, 303
55, 705
.26
121,065
53,955
159, 254 128,872
152, 594
r
.24
139, 331
60, 091
26
(>39
179, 419
152,631
145, 701
.23
.24
145,123 193.701
59, 385 77,966
.24
200,135
84,566
.24
179,275
77,460
.24
1H4,960
69,671
111,354
92, 780
78,909
70,909
84,437
131, 609
165,183
172, S25
50,428
4,083
56, 702
4,001
57,101
4,425
62,356
4,881
64,701
3,927
77, 687
4,353
70, 660
3,781
55,978
3,134
61,923
3, 435
.13
.17
.15
.14
.15
57, 400 r 57, 228 53,877 41,407
38, 728
45, 075 r 44,165 41, 267 30, 251 27,899
16, 527 16, 345 15, 764 10. 537 10,998
116,618 140, 755 132, 326 127.440 120,174
97, 598 121,423 115,351 109, 738 102, 563
.14
39,168
28,171
10, 753
106,411
90,401
.14
37,992
27,175
11,492
91, 485
77,270
.14
47,775
34,281
11,960
81, 653
68,812
.14
54,600
41,145
11,157
75, 345
62,866
.14
77,300
60, 640
14,402
79, 272
64, 750
.15
86,170
68, 320
14,322
98, 850
81, 262
.15
73,400
58, 400
13,786
117, 598
97, 448
.15
65,920
52, 420
14, 579
125,019
103,594
194
1, 976
71, 435 "71,029
5,762
4,445
69, 203
7,018
52,088
5,925
276
3,414
279
356
2,335
259
2,034
355
2,198
104
1,522
91
2,007
306
1,785
142
1,710
148
2,508
195
1,799
215
2, 338
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
5.00
2.90
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
Sep1938 Supplement to the Survey
tember
November 1939
1938
September
1939
iNov
October |
I
December
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk—Continued.
Production:!
Condensed (sweetened):
Bulk goods
thous. of lb_
Case goods
do-__Evaporated (unsweetened)
do.__
Stocks, manufacturers' end of month:
Condensed (sweetened):
Bulk goods.
thous. oflb.
Case goods
do._.
Evaporated (unsweetened), case goods
thous. of lb_
Fluid milk:
Consumption in oleomargarine
do.-.
Price, dealers', standard grade*_dol.per 1001b Production (Minneapolis and St. Paul)
thous. of lb.
Receipts:
Boston (incl. cream)
thous. of qt.
Greater New York (milk only)
do...
Powdered milk:
Exports§
_-thous. of lb.
Production^
___do_._
Stocks, nifrs., end of mo.t
do...
15,170
4, 898
159, 880
14.178
3.210
146, 679
14,684
3,050
122,885
11, 296
3. 529
100, 723
11,922
3,210
119, 614
12,847
3.421
129,452
11,505
3.036
137,882
15,408
3,075
181,094
15,420
3,283
202,090
22,007
2.899
262, 957
21, 059
2,755
265, 586
16, 615
2,894
223, 953
16,817
2,461
194,162
7,741
6, 039
17,777
9,278
15, 248
8, 521
11,701
7,854
9,235
7,139
8, 536
6,101
7,202
4,985
5,809
4,959
6,135
4,608
7,910
6,437
11,416
7,764
12, 504
8,570
10, 986
8,001
335,135
398, 287
344,316
284,375
205,073
150,311
120,397
109,882
134, 625
209,044
292,393
341, 686
355, 071
5, 297
2.15
6, 216
6. 247
5,838
2.23
5,830
2.23
5,856
2.23
5,422
2.21
5,861
2.20
4,561
2.15
4,498
2.11
4,112
2.10
3,870
2.10
4,315
2.12
25, 320
26,377
26, 700
32,002
36,421
34,829
40,237
39,031
44,144
41,873
34, 051
122, 715
12. 291
115,943
14. 936
120,748
15,327
118,582
14,342
118,277
13,988
123,868
12, 681
112, 501
13, 906
125,570
13.322
121,682
14, 648
132,670
13, 897
134, 712
14,947
129,851
15, 375
118, 956
823
22, 230
11.951
786
26,870
52, 602
751
25.095
41. 204
673
20. 419
37,194
549
21.532
33,259
473
25.006
32, 860
519
22, 890
32,318
28,233
30,972
696
31,190
32,102
1,069
38.877
31,982
739
38, 572
25, 861
637
29,079
27, 613
• 23, 566
• 18, 298
131,882
6,738
5,595
4,776
4,844
3,025
976
1,007
952
10. 272
14. 399
2. 355
8, 736
18,800
2,100
6,903
18,726
2,433
5.079
18, 400
2.139
3,046
22,827
2,356
1,569
20,395
3,071
0
16,377
2,133
0
10,860
1,096
0
9,156
1,653
1.095
FRTJITS AND VEGETABLES
Production (crop estimate)
thous. of Tran4,829
shipments, carlot
no. of carloads__
Stocks, cold storage, end of month
3, 223
thous. of bbl
7, 203
Citrus fruits, carlot shipments.-no. of carloads..
3, 343
Onions, carlot shipments
do._ Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 lb.. e 1,588
Production (crop estimate)
thous. of bu- -1 358,689
Shipments, carlot
.no. of carloads.- 12,176
817
893 j
772
244
931
10.000
12. 800
2. 990
1. 519
1.375
1.800
"l5~056~
12,564
1. 456
371,617
12, 350
1.595
14. 493
17, 406
17,196
25, 210
~18~863~
15,749
12, 545
15,111
11,495
20,385
1, 954
1.749
730
649
368
724
436
124
.52
.54
.60
.55
,55
.54
.56
1.100
1.575
1.813
1.295
759
23, 912
" 11,"437"
"7," 617
10, 372
6,600
8,389
10, 830
614
206
265
713
.51
.57
. 55
.56
.53
.60
.45
.47
.46
.48
GRASNS AND GRAIN PRODUCTS
Exports, principal grains, incl. 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, end of mo
do
Corn:
Exports, including meal
do —
Grinding
do
Prices, wholesale:
No. 3, yellow (Kansas City)._-dol. per bu__
No. 3, white (Chicago)
do .._.
Weighted average, 5 markets, all grades*
dol. per bu...
Production (crop estimate)
mil. of bu_.
Receipts, principal markets
thous. of bu..
Shipments, principal markets
do
Stocks, commercial, end of mo
do
Oats:
Exr>orts, including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu..
Production (crop estimate)
mil. of bu..
Receipts, principal markets
thous. of bu__
Stocks, commercial, end of mo
do
Rice:
Exports?
pockets (100lb.)_.
Imports §
do
Price, wholesale, head, clean (New Orleans)
dol. per lb.
Production (crop estimate)
thous. of bu.
Southern States (La., Tex., Ark., and Term.):
Receipts, rough, at mills
thous. of bbl. (162 1b.)..
Shipments from mills, milled rice
thous. of pockets (1001b.).
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
thous. of pockets (100 lb.)._
California:
Receipts, domestic rough
bags (1001b.)..
Shipmentsfrom mills, milled rice
do
Stocks, rousrh and cleaned
(in terms of
cleaned rice), end of mo...bags (100 lb.)--1
Rye:
Exports, including
flour
thous. of bu. _
Price, wholesale, No. 2 (Mpls.) __dol. per bu__
Production (crop estimate)
thous. of bu.J
Receipts, principal markets
do |
Stocks, commercial, end of mo
do
T
8, 372
709
> 521
,
15,435
.55
.58
'269,540
13, 546
19,139
.53
. 56
.50
.54
.50
.56
i?, 335
17, 025
10, 5?2
18, 924
5, 764
16,187
/ 252,139
5, 846
15,015
6, 670
13, 752
3, 846
12, 253
5, 967
10,182
4. 579
8,874
4,474
5,745
3,791
6,210
4,823
8,253
20, 062
16, 904
1, 855
7, 589
7,898
6, 564
4,119
6, 915
6, 032
6, 547
3,729
6,724
7. 050
6,340
2,721
5,256
3, 798
5, 780
1, 663
5,798
1,207
6,510
267
5,945
4,310
1,121
5,899
.44
.45
.46
.47
.54
.46
. 51
.46
.51
.53
)
.55
.56
• 2, 532
22, 655
11,584
14, 830
17, 210
9, 942
9. 899
45,157
18,994
23,081
32, 698
16,356
46, 645
133
256
650
.51
.47
14. 373
8, 327
50,889
10,216
5,398
49,181
1,405
.49
.46
.52
9,880
12,077
14,192
17, 381
17, 042
30, 880
93
101
61
.34
.34
.29
.30
130
114
.31
.30
.31
6. 221
15, 545
4,304
14, 958
5, 769
12, 622
6,303
4,540
5,695
6,673
5,551
18,625
14, 681
223, 534
34, 816
298 935
39. 991
306, 891
46, 344
302,302
41, 296
302,102
67, 608
283,341
84, 857
241, 755
75, 647
220,315
83, 257
216,072
70, 691
.033
.033
.033
/ 52, 303
.033
.033
.033
.033
.033
.033
.033
1, 625
3,191
1, 458
912
891
180
390
839
1,437
1,158
977
1,250
1,024
912
758
972
10,128
22, 026
7,707
22, 609
381. 765
37, 528
215,914
46, 483
351, 826
39, 355
.040
51,144
.034
1,805
1,146
.26
.32
.033
428
545
1,064
802
1,706
1,803
3, 568
3, 983
3, 983
3, 695
3,586
3,244
2,894
2,595
2,092
1,552
996
497. 338
224, 541
260. 721
118,298
477, 536
161,184
444. 297
182. 438
212. 534
136, 365
262. 200
129, 003
169.184
118,478
229, 760
143, 617
160. 345
136, 287
203,447
144,414
197.332
97, 767
270, 965
130, 025
486, 207
174,422
466,045
179,446
301, 531
332, 460
300, 012
393, 811
350, 435
301, 497
264,633
258, 494
268, 269
389,027
2S3
.41
307
.41
21
.40
(a)
a
0
.42
3,455
9,246
C)
.53
40.834
3,160
9,811
3, 452 i 2,199
7,761 I 8,340
0
.46
.43
/ 55. 039
949
1,248
942
8,102 I 8, 369 I 8,126
375,056
.45
511
7,724
.43
( )
.43
C)
.51
)
.50
(a)
.43
1,241
7, 630
795
7,153
1,045
6,813
1,955
7,384
1,470
7,708
Revised.
• Less t h a n 500 b u s h e l s .
« N o quotation.
« October 1 e s t i m a t e .
/ December 1 estimate.
t 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 . 17 of t h e M a r c h 1939 issue.
* N e w series. D a t a for price of m i l k b e g i n n i n g 1^22 a n d average price of corn b e g i n n i n g 1918 a p p e a r i n tables 38 a n d 39, p . 18 of t h e A u g u s t 1939 S u r v e y .
t R e v i s e d series. F o r revisions in condensed a n d evaporated milk p r o d u c t i o n b e g m m r p J a n u a r y 1937, see p . 41 of t h e D e c e m b e r 1938 S u r v e y .
§Revised series. D a t a revised for 1937; see tables 19 a n d 20, p p . 14 a n d 15 of t h e A p r i l 1939 issue.
11,864
12, 759
23,145
23,333
20,170
34, 568
13,085
8,473
43,741
.29
/ 1. 054
4. 199 I 5, 658
17, 676
16, 919
.36
* .941
12, 528
16, 091
8
.50
'2.542
20. 202
10, 969
52, 644
(c)
.51
November 1939
43
SUKVEY 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 Sep193S Supplement to the Survey
tember
1938
September
1939
October Novem- December
ber
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS—
Continued
Wheat:
Exports:
5, 675
Wheat, including flour §
thous. of bu
Wheat only§ _
do
2, 530
Prices, wholesale:
No. 1, Dark Northern Spring.
.93
(Minneapolis)
dol. per bu_
.88
No. 2, Red Winter (St. Louis)
do
.86
No. 2, Hard Winter (K. C.)
do....
.90
Weighted av., 6 markets, all grades do
739
Production (crop est.), total
mil. of bu-_
Spring wheat
do
* 189
e
Winter wheat
do
551
38, 995
Receipts, principal markets
thous. of bu.24, 495
Shipments, principal markets
do
Stocks, end of mo. world est
do
274,' 841
Canada (Canadian wheat)
do
United States, total*
do__._
101,98'
Commercial
do
Country mills and elevators*
do
Merchant mills*
.
do
332, 213
On farms*
do
Wheat flour:
Consumption (Russell)
_
thous. of bbl._
Exports!
do
Grindings of wheat
thous. of bu._
Prices, wholesale:
5.70
Standard patents (Mpls.). .--dol. per b b l . .
4. 30
Winter, straight (Kansas City)
do
Production:
Flour, actual (Census)
thous. of b b L Operations, percent of capacity
.
Flour (Russell)
thous. of bbl
Offal (Census)
thous. of lb._
Stocks, total, end of m o n t h (computed by
Russell)
1 thous. of b b l . .
Held by mills (Census)
do
LIVESTOCK
Cattle and calves:
2,117
Receipts, principal markets .thous.of animals
Disposition:
1,019
Local slaughter _
do
1,074
Shipments total.
_
do
546
Stocker and feeder
do
Prices, wholesale (Chicago):
10.23
Beef steers*
._._dol. per 1001b_
10. 08
Cattle, corn feddo
11. 09
Calves, vealers-.
do
Hogs:
1, 905
Receipts, principal markets thous.of animals
Disposition:
Local slaughter
do
1, 458
Shipments, total
do.
534
Stocker and feeder
do
39
Prices:
7.54
Wholesale, heavy (Chi.)
dol. per 100 1b.Hog-corn ratio*
12. 6
bu. of corn per cwt. of live hogs__
Sheep and lambs:
2,625
Receipts principal markets thous.of animals
Disposition:
Local slaughter
do_.
1, 064
Shipments, total
do..
1,564
Stocker and feeder
..do...
613
Prices, wholesale (Chicago):
Ewes
dol. per 100 1b
3.59
Lambs
do...
9.07
5,358
3,483
5,720
3,104
6,917
4,893
,76
.67
.66
.68
.73
.65
.65
.73
.66
.63
.65
38, 477
27, 345
23, 291
23, 797
420. 110 437, 340
150,665 173, 542
845. 292
139,273 141, 914
174,410
130, 198
401,411
9, 239
399
44, 234
4.91
3.91
9,737
557
43, 896
4.81
3.79
6,970
4,430
12,613
10, 217
.77
.80
.78
.70
.73
.73
.67
.71
.69
.68
.73
.71
/931
/244
/687
19, 110 14, 892
11,900
9,512
21, 696
18, 252
12, 758
9, 251
439, 820 484, 150 467, 360 412,390
162, 375 161, 161 154, 325 144,817
656, 242
136, 204 128, 748 118,936 100,119
138, 598
107, 706
281,190
9, 445
431
40, 324
4.91
3.80
9, 226
540
38, 357
5.06
3.84
6, 560
4,314
6,750
2,017
2, 306
1,061
950
469
1,122
1,120
594
10.42
10. 33
10 88
10. 70
10.03
10 75
10.29
10.84
6,200
11, 087
8,487
.77
.73
.71
13,
11,
379.
139,
440,
82,
748
113
820
071
906
689
9,468
5,874
14, 489
10, 672
6,033
3,929
7,414
2,977
8,935
5,903
.78
.76
.70
.72
.83
.76
.80
.84
.73
.71
.75
.78
.69
.67
.76
.69
.65
.72
16, 000
11,174
359, 730
134, 085
25, 525
16, 851
319, 890
112, 987
99, 006
30, 840
43, 924
22, 791
89, 281
135, 793
74,851
64,178
44,016
14, 423
318,340
98, 123
295,492
81, 334
38, 291
85, 029
90, 838
82, 481
189, 090
149," 372" 100," 289
8, 351
510
38, 755
8,110
673
35, 447
553
41, 068
765
37, 698
812
39,066
448
38, 927
944
38, 833
645
43, 746
5.10
3.82
4. 95
3.66
4.79
3.54
4.87
3.47
5.23
3.60
5.16
3.58
4.74
3.41
4.90
3.36
8,432
57.4
9,193
689, 557
9,522
60. 3
9, 984
772, 787
9, 699
9, 634
8,838
8,416
8,476
63.0
59.2
60.5
57.2
54.0
10,548
9, 286
10, 484
9, 266
8,711
770, 077 765, 608 704, 995 672, 015 681, 624
n. n
11, 946
8,782
8, 951
7,757
56. 0
57.0
6,142
8, 512
625, 888 730, 612
8,244
55.7
8,916
665, 468
8,516
8,440
55. 4
55.0
° 9. 424 « 8, 943
693,372 599, 737
a
a
5,700
4,317
5, 550
1,900
1, 465
1, 635
1,294
1,542
1 ? 467
1,737
1,476
1,667
1, 704
989
927
473
843
632
975
608
259
496
213
952
579
253
869
581
233
1,068
647
240
934
546
187
971
(564
242
972
795
375
10.13
11.60
9.63
10. 35
11.59
10.38
10.17
11.36
11.19
10.29
11.44
10.34
10.02
11.22
9. 56
9.68
10. 59
9.68
9.22
9.66
9.13
9.30
9. 53
9.68
9.09
9.26
10.03
5, 300
3,641
3,865
2,570
2, 699
1,971
2,205
1,996
2, 410
2,105
1,948
2,007
1,397
479
26
1, 660
587
28
1, 903
691
33
1,848
720
43
1. 928
754
41
1,398
506
38
1. 654
547
45
1, 509
485
44
1,822
575
1,535
500
43
1, 394
546
35
1.451
550
30
8.96
8.08
7.65
7.17
7.18
7.66
7.30
6.91
6.68
6. 39
6.03
5. 75
16.8
17.4
18.1
16.0
15.4
16.4
16.0
14.5
13.2
11.9
13.1
12. 0
2,986
2, 805
1, 945
1,552
1, 746
1, 546
1,766
1,993
1,951
1,711
2,042
2,392
1,174
1, 786
621
1,124
1,673
856
996
968
415
890
673
155
1,063
677
113
953
595
82
1, 046
720
110
900
1,082
251
1,070
884
235
913
804
167
983
1,040
261
968
1,419
504
3.28
7.56
3.35
7.68
3.73
8.38
3.78
8.59
3.97
8.63
4.38
8.54
5.66
9.36
4.60
9.38
2.97
9.25
3.17
8.85
3.38
7.93
1,070
31
1,005
459
53
1,097
34
1.073
413
50
1,092
33
1,177
484
54
1,040
34
1,227
671
72
1, 057
42
1, 202
791
76
899
37
927
784
1,064
39
1, 067
758
63
943
30
955
758
63
1,105
42
1,127
761
65
1, 073
43
1, 083
749
68
1,053
48
1, 033
699
69
' 1,138
39
1, 037
r
573
66
498.910
1,261
479. 588
1.248
461, 485 415,788
1, 192
1,795
434, 239 377, 303
1, 105
841
450. 183
1,047
402, 876
710
479,125
1,036
452, 721
1,114
452, 940
1,525
476, 516
1,401
.170
(95. 838
36, 943
. 174
. 172
. 170
477. 452 467. 980 416,041
58, 187
41. 218
52, 637
. 172
425. 005 368, 125
53, 126
46, 404
. 173
439,576
40, 970
.168
390. 623
36, 866
.166
466, 306
34, 650
.159
444,337
33, 591
.156
445, 800
33, 456
.151
469, 534
r 33, 027
2, 255
MEATS
Total meats:
1,132
Consumption, apparent
mil. of lb _
40
Exports* . . .
do...
Production (inspected slaughter)
do
1,0'tStocks, cold st.oratre. end of month
do
478
Miscellaneous meats
do
59
Beef and veal:
503,29!
Consumption, apparent
thous. of lb
2,042
Exports^ - ...
do
Price, wholesale, beef, fresh, native steers
. 166
(Chicago)
_ . .
dol per lb
Production (inspected slaughter) thous o f l b . . 495, 8'i7
Stocks, cold storage, end of mo
do...
36, 980
L a m b and mutton
62, 451
Consumption, apparent
do
03, 030
Production (inspected sin lighter)
do
Stocks, cold storage, end of month
do
3,031
Pork (including lard)Consumption, apparent
do
556,434
Exports, total
do
33,848
Lardf . . .
do
24, 693
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb .
.206
Lard, in tier res:
Prime, conirnot (N. Y.)
do
.083
Refined (Chicago)
_.
...do
.104
r
Revised.
•Xew series,
p . 18 of the June
the August, 1030 b
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. 777
63. 451
2,412
51,198
50, 790
1,956
55, 539
55, 398
1,791
53,193
53, 238
1,837
53, 010
53. 073
1,893
'56,028
50, 599
' 2, 459
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
550. 289
33. 022
22, 157
488. 486
25. 591
17, 531
570, 476
36, 990
25, 303
567, 926
37,403
22,682
547, 518
42, 223
25, 339
005,525
33, 028
22, 848
.242
.248
.200
.200
.200
.200
.200
.203
.207
.206
.203
.203
.083
.097
.080
.092
.077
.090
.074
.086
.073
.084
.073
.081
.070
.081
.067
.077
.069
.079
.065
.075
.061
.071
.060
.075
Estimated.
• October 1 estimate.
/ December 1 estimate,
r data on United Stales wheat stocks beginning 1923, see table 29. p. 17 of the June 1939 Survey For data on hog-corn ratio beginning 1913, see table 33,
) Survey. Data on exports of meats beginning 1913 appear in table 46, p . 16 of this issue. For price of beef steers beginning 1913, see table 40, page 18 of
; revisions are shown in table 47 p. 16 of this issue.
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
September
November 1939
1938
tember
October
1939
Novem- December
ber
January
February
March
April
May
June
July
513,160
91. 858
656, 746
527, 213
129, 533
605,478
106, 945
659, 587
520,251
139,336
585, 804
106, 218
645,173
496, 796
148, 377
534, 284
94, 453
594, 581
454, 766
139,815
August
FOODSTUFFS AND TOBACCO—Continued
ME ATS—C ontinued
Pork (including lard)—Continued.
Production (inspected slaughter) total
thous. of lb__ 506, 341
88, 611
Lard
do
379,168
Stocks, cold storage, end of month
do
300, 696
Fresh and cured
do
Lard...
do
78, 472
POULTRY AND EGGS
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
563,
99,
652,
523,
129,
699
442
456
204
252
Poultry:
27 712
74. 302 65, 855
24,427
26,965
17, 825
16,217
36, 763
23,286
28, 494
Receipts, 5 markets
thous. of lb_. 29, 985
16, 744
63,151
59,942
66, 796
64*918
90,987
67, 470
Stocks, cold storage, end of month
do
70, 568
77, 692 118,088 139,108 133, 531 116, 229
Eggs:
788
716
646
574
1,041
1, 649
2,065
2,311
1,161
760
1,589
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
7,024
3,244
1,439
5,880
5, 429
4,705
802
3, 357
165
1,105
6,977
136
Case
thous. of cases._
94, 305
78, 091
62. 903
44, 476
60,465
50, 345
88, 867 117,900 141, 456 144, 359
Frozen
thous. of lb__ 121, 469 110,244
Cocoa- TEOPICAL PRODUCTS
12.117
16. 093
18,147
28,889
8,930
15, 887
33, 297
32,052
14,130
18,143
43, 792
Imports
long tons.. 13, 707
.0446
.0433
.0610
. 0499
.0448 !
. 0524
. 04SO
.0462
. 0437
.0436
.0460
. 0468
Price, spot, Accra (N. Y.)
dol. per lb__
I
Coffee:
1,526
1,217
1, 632
1,638
1,222
1, 232
1,213
1. 451
1,191
1, 305
1,563
1, 598
Clearances from Brazil, total, thous. of bags..
724
767
917
818
774
861
785
662
694
610
697
To United States
do..__
1,055
1,187
1, 095
1,302
1,189
1.147
1,325
1. 423
1,497
1,017
1,386
Imports into United States
...do
1,086
Price, wholesale, Rio No. 7 (N. Y.)
.051
.052
.052
.056
. 053
. 051
.052
. 051
.053
dol. per lb__
. 055
055
. 053
1,616
1, 523
1,498
1,792
1,' 421
1,290
1,279
1.341
1,615
1, 700
1, 295
1,033
Receipts at ports, Brazil
thous. of bags..
Visible supply, total, excl. interior of Brazil
8, 079
8, 071
7, 621
7, 960
1, 468
7, 836
7,816
7, 740
7,757
7, 409
7,916
thous. of bags
781
643
860
857
721
S58
867
858
855
805
914
860
United States
do.
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
79'
1, 57f
1, 846
2,263
2, 038
750
2, 580
2,621
1,316
1.014 I
784
1,407
thous. of Spanish tons..
United States:
362, 129 349, 987
328,213
304, 631
425,588 | 375,935 | 292,036
261, 257
247, 226
247,112
371,979
401,523
Meltings 8 ports
.
long tons.. 376, 814
Price, wholesale, 96° centrifugal (N. Y.)
.026
.029
.029
.029
. 029
.029
.029
.028
.028
.030
.030
dol. perlb..
m
Receipts:
From Hawaii and Puerto Rico
84,14C
115,750
137,011
56, 139
127. 764
98, 038
62,317
184, 4-10
1*3.880
long tons.. 163, 801 142.271 116 173
250, 265
Importst--do..... 306. 639 292, 894 '203 920 104, 365 "43, 318 '60,868 • 107, 931 205,908 180, 469 •'152.564 217,426 281. 731 " 293, 908
280, 086 308, 086 269 978 215,388 194, 732 199, 056 241, 039 286, 666 271, 306 357, 250 382, 443 351, 005
Stocks at refineries, end of month..do
Refined sugar (United States):
3,778
8,723
14,529
6,557
5, 532
5, 003
4,472 |
5, 625
5.344
3, 641
6,428
4,018 !
8,997
Exports, including maple
do
.050
.050
. 050
.050
.050
. 049
. 049
.049
.050
. 049
.050 I
. 049
. 064
Price, retail, sran. (N. Y.)
dol. per lb__
.043
.043
.044
.044
.045
.044
.045
.042 I .042
. 044
. 056
.044
. 046
Price, wholesale, gran. (N. Y.)
do...
Receipts:
I 1,339 9.479 4, 183 ' 17. 734 16, 662 18, 07ft 23, 352 9. 799 3,846 2,527
1,335
10, 726
From Hawaii & Puerto Rico..long tons
41, 251
34, 511
38, 839
31, 799
8,083
9,920
6, 805
2, 613
19, 615
63, 979
2, 748
18, 680
Importst
do
36, 430
32, 855
25, 303
19, 384
is'922
802
5, 223
10,706
59, 120
2, 368
1, 643
328
14,814
From Cnba|
do
4,482
1, 557
11, 192
11,015
2, 532
3, 690
4,710
551
2,786
8,829
4, 287
1,014
3, 568
From Philippine Islands§
do
Tea:
7, 499
6, 798
6, 724
8, 7S5
8,404
6, 866
7,307
7, 959
7, 698
7, 931
8, 576
7,603
7,528
Imports
thous. of lb.
Price, wholesale, Formosa, fine (N. Y.)
.280
(c)
.280
.280
. 280
.280
.280
.280
.280
.280
.280
. 280
dol. perlb..
168,308
161, 255
231,628
189, 983
'205,084
182, 681
243,223
252. 634 234,408
214,017
Stocks in the United Kingdom..thous. of lb_.
MISCELLANEOUS FOOD PRODUCTS
15, 25t
15,169
11,185
18, 886
23,656 | 21,243
18, 195
22, 945
21,401
17, 717
Candy, sales by manufacturerst thous. of dol_.
Fish:
45, 78£
43, 546
41, 665
38, 323
24, 242
25, 652
30,983
41, 554
40,276 j 34,701 I 27,112
37,460
23. 070
Landings, fresh fish, prin. ports.thous. of lb_.
'"" 579
""" 699
Salmon, canned, shipments
cases.. 39,208 1,112,465 899, "•"" 539, """ "16,458 524,250 487,357 525, 662 524, 393 257, 564 221, 785 211,672
Stocks, cold storage, total, 15th of month
59, 940 " 72, 76c
46, 965
29,756 I 35,295
62, 253
93, 024
40, 423
84, 537
7, 088
85, 665
90, 711
thous. of lb__ 79,173
Gelatin, edible:
Monthly report for 7 companies:
831:
1,641
953
1, 444
1,437
1,538
1,546 I
1,082
924
1, 364
1, 554
1,518
Production
...do....
1,441
1,418
1, 353
1,468
1.335
1. 557
1,178
1,397
1,445
1, 226
1. 301
1,242
Shipments
do.
5, 48£
6,520
6,096
6.496
5, 948
5, 929
6, 296 i
5, 542
5.317
5, 845
5.179
5, 593
Stocks
do.
Quarterly report for 11 companies:
6,323
I
6, 340
5, 234
3. 909
Production...
do.
9,478 |
j
8, 909
8. 004
7, 956
Stocks
do.
TOBACCO
Leaf:
15.940 i 33,773
24,502 I 17.146
28,013 | 37,502
44,333 i 21.777
60, 379
55,167
54,217
82,034
Exports§
..thous. oflb
6 3 6 3 j 7,541
7,765 !'
~
'
6,865
4,783
6,289
5,820 ! 5,492 . 6,592 |
5, 641
5, 324
4,797
Imports, incl. scrap§
.do....
Production (crop estimate)
mil. oflb..
' 1,379
| —|
Stocks, total, incl. imported types, end of
343!
...j
! 2,367 I . . ,
!...
I
2,136
quarter
mil. of lb__
1.703
1,912
1,946
Flue-cured, fire-cured, and air-cured._do
318
334 !
Cigar types
_
_
-do
298
Manufactured products:
|
Consumption (tax paid withdrawals):
|
14, 260
15,445
16,595
12, 269
14, 244
13,506
12,656 i 13,863 j 11,782
14,711
13, 264
Small cigarettes
_.
millions-, 14,790
525, 662 515, 859 333,982 ! 349,497 I 361,233 437, 584 403,042 470,580 486, 721 427,533
Large cigars
thousands.. 486, 865
Manufactured tobacco and snuff
i
26, 246
30, 499
30,107
25,628
29, 594
30, 940
27,869
30,577
thous. oflb.. 30, 361
27,126 ! 26,914 ! 25,425
Exports, cigarettes §
thousands.. 714, 576 420,493 631,023 518,943 576,210 I 451,194 ; 623,889 562, 225 424,857 592, 851 593, 218 691, 696
Production, manufactured tobacco:
29,823
23, 450
27,150
27,493
22, 895
26,052
27, 327
24. 969
28,111 I 24,825 I 23,260 i 22, 571
Total
thous. oflb..
408
400
395
461
325
319
423 j
372 !
382 I
403
358
363 I
Fine cut chewing..
...do
5.153
4,294
4 974
4. 652
4,076
4,322 I
3,419 !
4,145
4,344
4,266 i
4,290 !
5,023
Plug
do
4, 346
3, 089
3 501
3,937
3,023
3,365 I
3.419 i
2, 924
4.563 j
2,151
4.133 !
3,655
Scrap chewing
do
19, 357
15, 261
17,979
17,451
15.045
17, 747
18,503 ' 15,580 I 15,650 ! 14.711
17, 812
17, 671
Smoking
.
do
405
560
534
484 i
491 ]
471
426
415
400 i
440 '
433
444
Twist
.--.
do
e
No quotation.
'Revised.
• October 1 estimate.
/December 1 estimate.
...M
tRevised series. Data on imports of raw and refined sugar revised beginning 1913; data not shown above will appear in a subsequent issue. Total imports of refined sugar
are shown here for the first time.
JFor.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.
45
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
19;J8
1939
No vein-1 December ! ber
p
tember
January
February
March
April
May
June
July
5. 513
46.056
5.513
46.056
5. 513
46.056
5,513
46. 056
August
FOODSTUFFS AND TOBACCO—Continued
TOBACCO—Continued
I
Manufactured products—Continued.
|
Prices, wholesale:
I
5. 513
Cigarettes
..._dol. per 1,000..
46. 056
Cigars
do
5.513
46. 056
5. 513
46.056
5.513
46. 056
5.513
46. 056
5.513
46.056
5. 513
46. 056
5. 513
46.056
5,513
46, 056
FUELS AND BYPRODUCTS
COAL
Anthracite:
Ex ports §
thous. of long tons..
Prices, composite, chestnut:
Retail
dol. per short ton..
Wholesale
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
2,121
127
143
9. 605
4,180
3,519
9. 713
3, 803
3,167
11.49
9. 706
4, 533
3,849
1,917
1,901
63
129
11.02
9. 602
3,388
2,888
149
51
1,525
1,032
1,107
1,092
21.983
117
5, 517
503
131
4, 027
6, 492
766
7, 430
21,116
88
3,770
430
130
3,338
5, 938
652
6,770
23,734
100
4, 300
486
134
3, 575
6,663
736
7,680
24, 921
110
4, 622
441
138
3,530
6,597
803
8,680
140
95
237
112
258
129
265
8.54
137
154
143
9. 731
4, 953
4, 047
9, 698
4,114
3,382
11.35
9.642
3, 604
3, 232
1,458
1,04G
761
408
86
37
29
25
22
35
489
277
282
348
26,533
123
4. 742
342
144
3, 684
7,161
837
9,500
81
266
165
26,185
121
4,751
212
149
3, 595
7,149
858
9,350
24,183
111
4,346
244
137
3,051
6,545
759
8,990
68
92
249
105
259
261
8.68
25,786
107
4, 855
368
143
3,168
6,970
805
9,370
336
194
160
10. 55
9.148
3, 530
2.959
8. 667
2, 912
2,611
238
559
716
61
71
61
58
207
250
984
1,192
1,209
22,390
31
4,114
402
131
2,827
6,042
823
8,020
20,518
39
3,383
416
125
3,032
5,915
678
6,930
21,521
81
4,361
530
123
3,317
5,748
671
6,690
21, 772
72
4,748
559
124
3,541
5,903
665
6,160
88
74
79
122
99
191
97
200
9.078
5, 296
4. 842
9.154
5,073
4,206
8.68
130
r
8. 601
3, 832
3,147
1,129
r
23, 437
69
5,177
547
128
3, 842
r
6, 075
'719
6,880
92
236
'8 29
4.271
4. 362
37, 695
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
4.464
4.300
17,880
4.246
4.238
27,900
4.246
4.243
4.275
4.306
29,135 ' 34, 688
36,929
30, 229
6. 220
399
348
7,912
4,337
573
10, 540
6,700
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
31, 746
28, 226
4,434
321
179
7,642
6,387
803
8,460
3,520
25, 413
22, 613
2,598
275
129
6,740
5,196
545
7.130
2,800
26,991
22,761
3,548
286
170
6,695
4,484
518
7,060
4,230
29, 725 r 33, 624
24, 665 r 27, 424
4,535
5,632
342
357
192
229
7,002
7,500
4,242 r 4, 224
512
r 542
7,840
8,940
5, 060
6,200
COKE
Exports
thous. of long tons._
Price, beehive, Connellsville (furnace)
dol. per short ton..
Production:
Beehivet
thous. of short tons..
Byproduct!
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
95
55
40
38
27
25
23
21
18
37
43
39
66
3. 750
3.750
3.750
3.750
3.750
3.750
3.750
3.750
3.750
3.750
3.750
3.750
3.750
75
3,904
54
2,675
111
61
3, 093
147
67
3,278
153
76
3,363
142
77
3,367
126
71
3,078
117
69
3,439
128
20
2,915
142
25
2,396
132
52
3,090
142
46
3,365
145
'44
r 3, 666
143
2,812
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
3,116
1,242
1,874
705
3,037
1,198
1,839
694
2,967
1,091
1,876
734
2,751
951
1,800
716
2,657
931
1,726
710
2,772
945
1,827
733
2, 921
916
2, 005
682
PETROLEUM AND PRODUCTS t
Crude petroleum:
Consumption (runs to stills)...thous. of bbi._
96, 990 100, 787 97, 309
97,964 99, 614 87, 797 98,917 99, 303 105,755 104, 687 106, 899 107, 632
3, 235
Imports§
do
1,584
2,647
2, 308
2,678
1,371
1,343
1, 736
2,788
4,186
3,279
3,061
2,942
.960
1.160
Price (Kansas-Okla.) at wells. _.dol. per bbl .
1.040
.960
.960
.960
.960
.960
.960
.960
.960
.960
.885
98,661 101,830
Production
thous. of bbl..
98, 567 102, 287 102, 490 93, 475 106, 768 105, 510 110, 541 104, 607 110,937 80,865
Refinery operations
pet. of capacity..
79
79
77
78
76
77
80
83
85
84
84
Stocks, end of month:
California:
86. 705
87, 222 87, 399 87, 222 87, 595 87, 002 86, 294 86, 075 85, 580 85, 049 85, 655 84, 039
Heavy crude and fuel
thous. of bbl..
33. 975
Light crude
do
34,999
36,064
37.193
36,927
38, 323 39, 383 39, 699 39, 878 38,902
38,427 38, 072
240, 251 233, 463 228, 741 229,140 227,134 227,098 229, 079 230, 926 230, 279 226, 462 223, 558 192, 985
East of California, total
do
42. 979
Refineries
do
41,131
40, 386 41, 221 42, 540 41,777
41,154
40,180
40. 445 41,463
41,817 37,441
197, 272 192, 332 188, 355 187,919 184, 594 185,321 187,925 190, 746 189, 834 184, 999 181, 741 155, 544
Tank farms and pipe lines
do
r
Wells completed
nuinber__
1, 585
1,715
1,572
1,419
1,385
1,338
1,252
1,419
1,656
1,608
1,641
1,561
Refined petroleum products:
Gas and fuel oils:
Consumption:
1,650
Electric power plantsf
thous. of bbl
1,094
1,193
1,243
1,101
1,236
1,116
1, 668
1,134
1,242
1, 354 * 1, 557
1,346
Railways (class I)
do
3,815
4,199
4,010
4,111
3,957
3,640
4,033
3,999
4,050
4, 014
3,890
3,870
3, 061
Vessels (bunker)
do
2,925
?,788
2,771
2,925
2,587
2,904
3,076
3,341
3,520
3,343
3,207
3,026
Price, fuel oil (Oklahoma)
dol. per bbl..
.925
.925
.925
.925
.895
.850
.850
.850
.850
.850
.850
.850
Production
Residual fuel oil
thous. of bbl._
24, 552
25,487
24, 573 25,197
25, 800 21. 476 25, 040 24, 750 27,022
25, 644 25, 299
24,836
Gas oil and distillate fuels, total
do
13,074
13, 820 12, 793 13,873
14,135 ) 12, 797 13, 539 13, 301 12,353
13, 530 12, 688 13,246
r
Revised.
tRevised series. Petroleum and products revised for 1937; see table 9, p. 15 of the March 1939 Survey. Beehive and by-product coke production revised for 1937; see
p. 45 of the December 1938 Survey. Gas and fuel oils, consumption in electric power plants, revised for 1938; see p. 45 of the June 1939 Survey.
§Revised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.
46
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 SeptemSepber
1938 Supplement to the Survey
tember
November 1939
1938
1939
October Novem-1 Decernber
ber
January
February
March
April
May
June
July
August
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTSt— Con.
Refined petroleum products—Continued.
Gas and fuel oils—Continued.
Stocks, end of month:
Residual fuel oil, fast of California
thous. of bbl.
Gas oil and distillate fuels, total d o . . .
Motor fuel *
Demand, domestic
.thous. of bbL
Production, total
do
Benzol . . .
do
Straight run gasoline
do...
Cracked gasoline
do
Natural gasoline
do...
Natural gasoline blended
do
Exports
do
Gasoline^
Price, wholesale, tank wagon (N. Y.)
do!, per eaL
Price, wholesale, refining (Okla.)
do
Price, retail, service stations, 50 cities do
Retail distributiont
mil. of gal.
Stocks, end of month:
Finished gasoline, total
thous. of bbL
At refineries.
do
Natural gasoline
do
Kerosene:
Consumption, domestic
do
Export^!
... do...
Price, wholesale, water white 47°, refinery
(Pennsylvania)
dol. per^al.
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
AsphaltImports§
short tons..
Production
do
Stocks, refinery, end of month
do
WaxProduction
thous. of !b.
Stocks, refinery, end of month
do
33. 661
30, 860
21,952
21, 731
19, 288
20,115
19, 534
21, 058
21, 397
22, 088
2^ 480
659
025
27 581
24.617
29, 282
40, 058
48. 20S
144
20, 034
23, 049
4, 081
3. 329
3, 068
46. 272
49, 789
16U
21, 3S3
23 S62
4, 37"
4. 4°»2
3. 572
44, 991
48, 201
181
20, 397
2?, 379
4. 244
4, 222
3, 205
41. 649
48. 026
ISO
20. 794
22, 701
4, 345
4, 285
4, 607
37. 767
49, 120
185
21. 125
23. 546
4, 264
3, 637
2,764
34. 595
43, 409
170
18, 455
21,037
3, 747
3. 229
2, 569
42, 520
48. 367
192
20. 663
23. 280
4. 232
3. 243
3, 523
43, 977
48, 837
162
20, 022
2 i 521
,
4. 232
2 983
2,900
49. 547
51, 384
130
22. 767
24. 207
4. 280
2. 646
3,915
49.812
50, 861
174
21, 782
24^ 810
4,095
2,682
884
3,
50 oOS
51 89:1
191
2° . r 0 9
028
4 175
2 900
2 987
53, 728
52, 161
210
23 772
24, 779
3, 400
3, 092
3,580
.124
.121
. 046
. 13-1
1, 890
.124
. 046
. 133
1,762
.119
. 043
.134
1,745
.119
.041
.133
1, 548
.119
.051
. 138
1,909
.042
.133
1,427
.118
. 045
.133
1, 734
.118
. 049
. 135
2.042
111
050
136
2,006
107
050
.107
.051
63. 542
38, 739
6, 771
64, 083
39, 376
5,742
65. 949
41. 805
4,830
73.817
49,419
4, 647
79. 691
54.5o9
4,708
81,189
55, 464
4,721
81. 623
55,172
5,484
78. 342
52, 076
6,212
74.395
47, 972
6,749
71 824
41 196
7 123
>
66. 448
41,046
6,624
5,185
646
5, 368
323
6,813
5,980
783
776
5.901
516
5,201
523
5,042
691
4, 368
631
3,570
460
3 710
753
4. 436
802
.051
5. 320
9, 949
.050
5,419
9, 676
.049
5, 739
7,799
.049
5, 702
6,711
.052
5.174
5,452
. 053
5, 900
5, 605
.053
5.813
5, 663
.053
5. 909
6,551
053
439
7,949
051
5,390
8,855
.050
5, 783
9, 361
2,127
1,805
1,735
1,831
1,609
1,653
1,987
1,770
2,132
1,902
' 1,
982
1,963
.105
2 615
7, 605
.105
2, 632
7,718
. 105
2. 535
7,817
. 105
2, 384
7, 695
.105
2. 527
7^762
.105
2 522
7^ 951
.105
2. 664
7, 800
.105
2, 672
7,886
.105
2. 856
7,630
105
2! 800
7 427
>
105
2 755
7, 179
.105
3. 056
7,009
1.P23
4 "6, 300
471, 100
1. 649
464. POO
442. 200
3. 461
322. 700
447, 600
2.078
242. 400
4S0. 900
2.869
244. 400
532, 000
9 662
189,300
572, 000
3,232
308, 200
650]000
1.521
374, 900
688, 000
2. 505
477. 800
672. 000
3. 024
485, 800
642, 000
1,726
509. 400
596, 000
1,670
577. 300
529, 500
36, 400
129.018
4,150
24. 309
24, 650
. 051
5 348
10, 497
.134
26, 991
27, 873
4,187
797
.114
.053
30. 935
32, 069
63. 163
38,819
8,159
3. 009
33, 344
33, 017
42, 000
128, 926
37, 520
131^772
36,120
129, 340
35, 280
128. 627
33. 320
117,711
44, 800
117,537
35, 000
119,301
34. 440
113.925
39, 480
111, 604
28, 840
109, 322
31,080
108, 173
28.189
2.809
13, 200
6, 189
3,975
29, 196
2, 380
11, 771
6,769
4, 436
25, 454
2, 505
11,374
5, 260
4,858
27. 026
1. 939
10. 388
6.332
5,189
22, 563
2.302
8. 034
5.214
4, 385
22. 682
2. 685
7, 128
4^ 619
25, 093
1,807
9. 308
5. 362
5,370
478
774
3,229
1,473
457
677
2.931
1,224
509
814
3,416
1,392
448
778
3, 185
1,401
417
782
2.778
1, 399
414
823
2, 792
1,457
.114
.047
.134
1,796
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins§
thous. of lb._
Calf and kip skins§._
do
Cattle hides§..
.do....
Goatskins§
do
Sheep and lambskins§
do
Livestock (inspected slaughter):
Calves
thous. of animals..
Cattle
do
Hogs
do
Sheep
do
Prices, wholesale (Chicago):
Packers', heavy, steers
dol. perlb..
Calfskins, packers', 8 to 15 1b
do
LEATHER
Exports:
Sole leather
. . t h o u s . of !b_.
Upper leather§._
.thous. of sq. ft..
Production:
Calf and kip__
thous of skins..
Cattle hides
_
..thous. of hides .
Goat and kid
thous. of skins..
Sheep and lamb
do
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. p e r l b . .
Upper, chrome, calf, B grade, composite
dol. per sq. ft..
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides..
In process and
finished
do
Raw
do
24, 578
1, 585
10.611
4.013
4,807
16,897
2.133
5,670
5,498
2,282
427
880
2, 885
1, 635
453
917
2, 671
1,694
3,311
.146
.211
.120
.143
54
4,839
32. 826
3. 563
13,528
6,317
7,901
.408
24. 399
3.440
10. 725
6.122
2,685
25. 657
3,972
9. 588
6, 075
4,468
470
884
1,638
457
858
3.913
1,453
417
758
4,346
1,347
761
4,043
1,456
385
653
2,890
1,361
.134
.161
.141
.163
.123
.157
.121
.163
.104
.154
107
154
.097
.145
.105
.156
.110
.164
.115
.161
.116
.160
41
3,709
49
4, 651
42
3,420
26
3,689
6
3,097
14
3,492
92
4, 197
46
3,585
3,816
47
3, 640
53
3,428
65
2, 905
1.114
1,717
2, 336
2,716
.348
19, 803
2,116
7, 527
4, 945
3,641
1,100
1.755
2, 525
2,822
1.138
1,786
2.634
2,872
1,284
1,882
3,245
2,899
1,319
1. 936
3. 185
2,899
1,326
1,943
3, 170
3, 236
1,329
1.955
3,623
3,115
1,168
1.672
3, 463
2,774
1, 187
1. 736
3. 473
3,015
1,227
1.715
3, 666
3,015
0,064
' 1,619
3, 323
' 3, 096
1, 165
1.946
3, 404
4,143
.320
.320
.324
.318
.315
.303
291
.290
.290
.294
.305
.305
.380
.380
.380
.378
13,244
9, 540
3,704
.385
415
.392
.390
13. 440
9, 665
3,775
13,885
10,074
3,811
13,996
10,301
3,695
13,602
9, 868
3,734
183, 667
115,942
67, 725
162,797
102. 725
60,072
135.759
74, 065
61, 694
119.257
63.177
56, 080
.393
.390
380
.380
13, 375
9,699
3,676
13, 009
9,229
3,780
12.813
9, 026
3,787
12. 905
9,078
3,827
12. 976
9, 151
3, 825
12, 906
' 9, 066
r
3, 840
12,612
8.881
3, 731
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
Dress and semi-dress
Work
r
j
dozen pairs..
do
...do_.._
173.882
106, 761
67,121
153 409 I 174,937 i 148.420 149.591
93,123 ! 103,739
81.850
88.480
60,286 I 71,198
66,570 ! 61.111
184,099 161,643 206.134
111 927 I 104,988 ; 130, 500
72,172 I 56,655 I 75,634
Revised.
fFor petroleum and petroleum products, see note marked with a " t " on p.45. Retail distribution of gasoline revised for 1937-38; data not shown on p. 46 of the June 1939
Survey will appear in a subsequent issue
1 The gasoline statistics in the above table have been rearranged and data on the production of benzol have been added. With this series included, it is possible to derive
figures of total woduction of motor nieK a« fhown here. Data for benzol production beginning1 1925 appear in table 52, p. 18, of this issue.
§Revised series. Data revised for 1937; see tables 11) and 2U, pp. 14 and 15 of the April 1939 Survey.
47
SUEVEY OF CURRENT BUSINESS
November 1939
1939
193S
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
1938 Supplement to the Survey
tember
September
October Novem- December
ber
January
February
March
April
May
June
July
August
LEATHER AND PEODUCTS-Continued
LEATHER MANUFACTURES-Continued
Shoes:
Exports
thous. of pairs._
Prices, wholesale, factory.
Men's black calf blucher
dol. per pair_.
Men's black calf oxfordf. do
Women's colored calf
do
Production, boots, shoes, and slippers:
Total
_ thous. of pairs .
Athletic
do
All fabric (satin, canvas, etc.)
do _
Part fabric and part leather
do
High and low cut, total._
do
Boys' and youths'
do
Infants'
do
Misses' and children's
.do
Men's
do
Women's
do
Slippers and moccasins for housewear
thous. of pairs._
All other footwear
do
205
191
200
138
113
108
195
310
223
304
176
184
234
5.75
4. 70
3. 00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5.75
4.70
3.00
5. 75
4. 70
3. 00
5.75
4.70
3.00
35, 902
353
304
520
29, 489
j 507
2. 008
3, 619
8, 559
13, 796
38, 280
263
319
331
31,987
1,803
1,818
3,859
9, 568
14,940
35,012
282
303
315
27, 799
1, 638
1,878
3, 583
9, 250
11,451
30,054
304
305
354
22, 556
1, 553
1, 886
3,132
8,691
7,295
29,988
331
355
476
24,359
1, 426
1,775
3,399
8,403
9,355
33, 561
260
457
652
30,149
1,414
1,987
3,740
8,876
14,132
35, 457
237
530
778
31, 400
1,302
1,940
3, 711
8,645
15,801
42, 375
281
760
832
37,132
1,545
2, 256
4, 505
9,930
18,894
32, 578
275
591
641
27,842
1,407
1,951
3, 122
7,680
13,683
32. 222
307
526
355
27, 161
1,404
1, 825
3,435
7, 739
12, 757
31, 776
295
454
291
26, 326
1, 390
1, 971
3,579
7,888
11, 498
33, 618
268
380
802
439
836
401
628
497
r43,581
» 358
•
'247
r 567
'30,9] 3
1,894
' 2, 131
' 4, 240
r
10,065
r
18, 583
4, 986
251
5,115
264
6,078
236
6,422
114
4, 297
170
1,695
348
1,983
530
2,651
721
24,464
765
3,002
871
3,702
708
3,600
310
' 5,185
311
28,
1,
1,
3,
7,
14,
LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports, total saw mill products*
M bd. ft_. 100,834
Sawed timber*
do
14.491
Boards, planks, scantlings, etc
do
82, 164
Imports, total saw mill products*
do
59, 406
National Lumber Mfrs. Assn.:
Production, total
mil. bd. ft..
Hardwoods
do
Softwoods
do
Shipments, total
do
Hardwoods
.do
Softwoods
do
Stocks, gross, end of month, total
do
Hardwoods
___do
Softwoods
do
76, 825
8,827
67,998
58,022
78,184
10, 077
68,107
60,977
66,934
10,205
56, 729
50,232
93, 247
13,289
79, 958
46,884
70,652
10,633
57, 969
49,521
70,727
10, 879
59,228
47,803
92,980
21, 766
65, 505
62, 591
82,956
16, 586
61,726
58, 292
98. 932
18,819
73, 430
48,941
1,901
237
1,664
1,843
293
1,550
8, 560
2,155
6,405
1,790
239
1, 552
1,847
295
1, 552
8,506
2,099
6,407
1,675
246
1,429
1,789
311
1,478
8, 442
2,058
6,384
1,505
233
1,271
1, 593
263
1,330
8,373
2,069
6,304
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
2,061
6,148
1,808
302
1,506
1,995
327
1,667
8,038
2,021
6,017
1,771
266
1, 505
1,828
307
1,521
7,997
1,984
6,013
2,132
271
1,861
2,117
307
1,810
8,024
1,948
6,075
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
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
112,130 115, 264 124, 021
17, 984 19,698
20, 256
89, 254 92, 051 99, 156
54, 692 53, 021 54, 222
2,036
270
1,766
2,061
328
1,733
8, 006
1. 896
6,110
1, 938
272
1, 666
1, 959
324
1,635
7, 979
1,844
6,135
2,299
317
1,982
2, 446
359
2,087
7, 835
1,803
6,032
8,100
14,000
5,600
7,200
21,000
7,550
6,850
14, 200 12,400
7, 400
5,650
7, 600 8,200
18, 850 18, 400
8,100
11, 900
6, 200
8, 300
16, 600
8, 250
10, 950
8,150
9,150
15, 900
26,128
47,199
28, 565
30,604
87,191
32, 937
41,137
35, 447
37, 999
83, 635
36, 713
39, 523
34,126
36, 985
76,165
47,117
46,191
41,180
44, 666
72, 679
FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production..
Shipments
Stocks, end of month
Oak:
Orders, new...
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
M bd. ft.
do._.
do-_.
do-_.
do...
do
do._.
.do...
do...
do.._
58,230
64, 773
39, 835
44, 816
65, 647
36, 058
39,793
34,268
37, 401
79, 503
SOFTWOODS
Fir, Douglas:
Exports, total saw mill products*..M bd. ft._ 34, 280 20,077
55, 755
24,606
18, 569 30.098 24, 554 25,972 34, 545 29, 486 36, 570 45, 028 48,105
Sawed timber
do
12,193 10,992
5.929
14,546
5.322
4,961
8,972
4,365
9,015
11,507
5. 696 14, 950 11, 485 24, 377 34,036
18, 625
19, 595 18,001
41, 209
Boards, planks, scantlings, etc
do
25, 288 15, 712 19, 284 13, 608 21,083
36,598
Prices, wholesale:
20, 276
18. 620 18. 620 18. 620 19.110
No 1. common boards,.. dol. per M bd. ft._ 19.845
18. 620 18.620
18. 424
17.640
17. 640 17. 640 18.008
Floorlng, 1x4, " B " and better, V. G.
18 820
35. 280 35.280 36. 505 37. 240 37. 828
34.300
dol. per M bd. ft.. 39. 445 36. 260 35. 770 35. 280 35. 280 35. 280
Southern pine:
36.000
24, 740 23, 476 30,028
25, 314 20,857
Exports, total saw mill products*_M. bd. ft__ 28, 664 25, 479 26,460
18,821
26, 925 19,609
22,166
Sawed tim ber
do
5,190
6,168
6, 668
6,706
5, 529
4,954
5, 287
4, 012
4,326
7,916
4,197
4, 527
18. 496
Boards, planks, scantlings, etc
do
16, 976 22,913
18, 572 16, 808 22, 112 13, 292
18, 608 15,903
15, 283
23, 377 21, 282 21,933
4,709
Orders, newf
mil. b«i. ft.,
539
608
614
604
696
473
569
612
710
558
557
13,787
Orders, unfilled, end of month
do
323
346
347
343
378
307
341
296
364
360
330
491
Price, wholesale, flooring._dol. per M bd. ft.
42. 09
40.30
39. 00
40.30
40. 57
41. 01
39. 38
41.46
41. 22
39.97
40.76
327
530
Production!
mil. bd. ft..
614
578
579
625
508
571
639
578
548
540
39. 86
580
Shipments t
do
622
613
588
659
489
575
620
642
541
534
495
Stocks, end of month.
do
2,091
2,075
2,056
2, 092
2,018
2,094
2,052
2,189
2,125
2,099
2,100
494
Western pine:
2,101
401
444
600
509
Orders, new
do
367
432
386
391
279
313
333
248
409
253
Orders, unfilled, end of month
do
255
233
292
236
267
247
283
211
201
190
213
Price, wholesale, Ponderosa pine, 1 x S, no. 2,
26.81
24.90
25.08
common (f. o. b, mills)-.dol. per M bd, ft..
24.81
25. 65
24.30
25.24
25.42
25.13
22.17
22. 04
22 92
21.91
Produetiont
___mil. bd. ft._
502
498
520
552
349
484
181
153
305
238
233
430
488
484
Shipments!
do
483
405
428
418
339
335
322
267
299
316
388
411
Stocks, end of monthf.
do
1,782
1,896
2.139
2, ]09
1,975
1,994
1,802
1,888
1,943
1,709
2,104
2,014
1,699
West Coast woods:1
572
Orders, new
do
674
660
772
602
513
445
426
547
555
451
411
444
437
Orders, unfilled, end of m o n t h
do
570
402
483
373
376
324
388
383
487
361
282
264
Production
do
522
530
609
669
518
563
482
446
434
477
416
466
471
Shipments
do
579
495
634 I 535
776
612
509
413
431
487
414
463
471
Stocks, end of m o n t h
do
955 « 950
869
982
970
838
983
1,021
1,024
946
920
935
988
r
1Data for November 1938 and March, May, and August, 1939, are for 5 weeks: other months, 4 weeks.
Revised.
*New series. For the new series on exports of sawed timber and imports of sawmill products data beginning 1913 appear in tables 44 and 45, p. 18 of the October 1939
Survey. For Douglas fir and southern pine, the new series on total exports represent a total of the items regularly shown. Note that the more definitive title "boards,
planks, and scantlings, etc." has been substituted for "lumber."
fRevised series. Production, shipments, and new orders of southern Dine lumber for 1937-3$ and production, shipments and stocks 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 VJ'bi 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. Wholesale prices of men's black calf oxfords revised beginning January 1938 because of style change with price of slightly different type of shoe substituted
at that time. Revised data for 1938 are shown on p. 47 of the September 1939 Survey.
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
November 1939
1938
September
1939
October Novem- December
ber
January
February
April
March
May
June
Julv
August
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Redwood, California:
Orders, new
_M
Orders, unfilled, end of month...,.
Production
Shipments
Stocks, end of month
bd. ft.. 39, 727 23, 409 25, 350
41,027
23, 322
25, 111
do...
30 722
do.__. 30, 29.5 34,838
28, 02«
26, 772
24, 427
do
299, 358 298, ] 77 299.367
do
25, 939
24. 694
33, Iftfi
25. 028
504, 859
34. 270
22, 131
25. 310 34, 562
27 284 25, 261
23,811
19,161
313, (H7 309, 310
I
20,875
30, 647
26,272
24, 243
307, 494
32, 093
32, 485
28, 285
30, 822
300, 378
58.0
57.0
4.0
19
21
58. 0
5.0
14
19
53. 0
13
5.0
14
16
53.0
15
77.6
102. 3
88.1
87.2
77.6
102. 3
88. 1
87.2
77.6
102.3
88.1
87.2
26. 387
26,846
2V>. 676 28,181
27, 930
31,614
2S 096
27, 806
298, 052 299,887
24, 498
24, 563
28, 262
27, 469
295, 551
32, 085
23, 168
28, 404
28,377
32, 989
25, 421
23. 497
32. 405
296, 426 r 298, 707
FURNITURE
All districts:
Plant operations
percent of normal.
Grand Rapids district:
OrdersCanceled
....percent of new orders.
New
no. of days' production.
Unfilled, end of month
do
Plant operations
percent of normal.
Shipments
no. of days' production.
Prices, wholesale:
Beds, wooden
1925=100.
Dimng-room chairs, set of 6
do
Kitchen cabinets
do
Living-room davenports
do
Steel furniture (see Iron and Steel Section).
58.0
60.0
'59.0
58.0
4.0
20
23
55.0
5.0
6.0
19
18
7.0
18
80.4
102. 3
87.6
87.2
78.1
102. 3
88. 1
87.2
20
20
60.0
16
80.4
102.3
87.6
87.2 |
|
C.t
12
13
(\
<v) n
13
15 !
79.3
102.3
87.6
87.2
77. 6
102. 3
87. 6
87.2
53.0
50.0
51.0
42.0
12
7.0
11
13
47.0
11
2.0
25
28
47.0
13
4.0
16
30
50.0
13
77.6
102. 3
88.1
87.2
77.6
102.3
8S.1
87.2
77.6
102.3
88.1
87. 2
77.6
102. 3
88.1
87.2
394,008 I 532,641
240, 124 384. 881
44,083
28,142
2, 769
3, 971
588,856
398, 888
32, 587
2,537
513,664
350. 066
30, 851
3, 335
477, 07
291,89
28. 32
3,72
60
.
10
13
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic) total §
..longtons.. 575, 613
Scrap
.
do.._. 330, 680
29, 874
Imports, total §
do
3, 216
Scrap
do
Price, wholesale, iron and steel, composite
36. 67
dol. per long ton_Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
4.185
thous. of long tons_.
7, 865
Shipments from upper lake ports
do
35, 853
Stocks, end of month, total
do
31, 203
At furnaces
do
4. 650
Lake Erie docks
do
do
179
Imports, total§
Manganese ore, imports (manganese content)!
43
thous. of long tons_ .
362. 672
227, 884
27, 664
3, 333
359, 690
224, 913
19,149
1,413
474,360
312,262
25, 369
780
36.36
36. 37
36.40
36.34
35.80
35.69
35.82
35.9
3,041
0
34,579
29, 456
5,123
187
2,927
0
31, 689
26.646
5,043
180
2,853
0
28, 840
23,912
4,928
179
3,317
0
25,872
21,054
4,818
203
2,800
57
22, 791
18, 306
4,485
162
2,246
3,601
23,071
18,835
4,236
217
2,830
5,573
25,861
21,610
4,251
189
3,143
6.310
28,507
24,196
4,311
222
3,77
6, 95
32,71
28,36
4,34
21
26
30
10
26
21
11
17
15
24
1
32, 770
29, 970
36.4
28,717
36, 643
35, 351
43.0
35, 563
35, 633
38, 802
46.0
36,434
38,105
35, 372
43.5
36, 403
33. 234
34, 786
42.9
34, 698
35, 997
39,615
47.5
39, 807
29,183
31. 640
38.8
33,666
27, 702
30, 840
37.8
32, 657
29,041
30, 781
37.0
32, 566
29, 892
28, 836
35.3
26,169
40,00
40,21
47.
33,28
57, 625
96
70. 690
115
75, 795
121
71,315
117
70, 235
118
74, 285
121
77,460
123
60,160
102
60, 515
107
72, 495
118
79, 765
130
87,71
13
19. 75
20.29
20.50
21.14
20.50
21.15
20.50
21.15
20. 50
21.15
20.50
21.15
20.50
21.15
20.50
21.15
20.50
21.15
20.50
21.15
20.50
21.15
20.5
21.1
22.14
1,680
22.89
2,052
22.89
2,270
22.89 I
2,211
22.89
2,175
22.89
2, 060
22.89
2,395
22.89
2,056
22.89
1,718
22.89
2,118
22.89
2,356
22.8
2,66
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
1,930
1,051
19,084
1, 950
1,427
19, 421
1, 387
1,749
19, 056
1,94
2,53
18,46
25.336
30, 852
119, 841
22. 851
34,108
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
16, 429
11.744
124,462
16,194
14. 577
126,130
15,284
16,807
124, 581
21,44
25,36
120, 65
346, 068
149.673
27. 958
4,218
425, 421
223, 954
26, 445
5,524
469, 596
273,440
27, 627
4,749
36.48
36.48
36.39
2,314
3,285
37, 874
32, 516
5, 358
188
2,781
3,624
38. 594
33.173
5,421
226
3,150
1.481
37, 456
32,166
5,290
198
35
15
29. 061
29, 460
34.8
26, 941
490, 095
323, 691
28, 767
6,519
36.37 !
Pig Iron and Iron Manufactures
Castings, malleable:
64, 732
Orders, new
.
short tons
41, 427
Production
do..
50.5
Percent of capacity
39, 215
Shipments
short tons
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day 105, 525
169
Number...
Prices, wholesale:
21. 50
Basic (valley furnace)
dol. per long ton
22. 35
Composite
do
Foundry, No. 2, northern (Pitts.)
23. 89
dol. per long ton.
2, 879
Production
thous. of long tons..
Cast-iron boilers and radiators:
Boilers, round:
2, 181
Production
thous. of lb._
4, 634
Shipments
_-do
16, 010
Stocks, end of month
do
Boilers, square:
20, 696
Production
do
35. 593
Shipments
do
105. 757
Stocks, end of month
do
Radiators:
Convection type:
Sales, inol. heating elements, cabinets,
915
and grilles thous. sq. ft. heating surfaceOrdinary type:
5, 299
Production
do
9, 209
Shipments
...do
28,133
Stocks, end of month
do
Boilers, range, galvanized:
Orders:
New...
number of boilers._. 133,384
61,494
Unfilled, end of month, total
do,
86, 069
Production
do.
88, 584
Shipments
do_
26, 960
Stocks, end of month
do
606
614
498
442
305
340
476
556
729
811
1,10
7,199
6,387
28, 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
4, 350
3,103
34, 875
4,276
4,207
34, 963
4, 655
4,730
34,975
4,187
5,280
33, 902
5,29
7,23
32, CO
68. 337
18,016
65. 622
65, 735
30, 799
108,427
46,882
77, 563
79, 561
28,677
70, 862
37, 170
83,716
80, 574
31,819
47, 882
20, 626
70, 232
64,426
37, 625
61. 003
15,028
64, 094
66, 603
35,317
50, 876
12,604
56. 476
53, 298
38,495
57,928
10,145
60, 421
60, 387
38, 463
69, 772
19,442
53, 454
60, 475
31, 442
68,191
20,638
67,610
66, 995
32,057
59,
16,
62,
63,
31,
53. 914
19,671
47, 894
50,488
28,878
66,08
16,69
69,65
69, 05
29,47
30, 428
27 2
7^128
29,994 1
26.8
7,207 !
38, 342
34.2
14,749
36,130
32.3
11,282 j
42, 024
37.5
12. 606
38, 928
34.8
12,804
30, 360
27.1
6, 848
36, 471
32.6
10,060
41, 367
36.9
11. 125
40, 219
35.9
10,173
34,100
30.4
9.655
35, 944
32.1
9,751
41,660
37.2
12, 621
41, 359
36.9
12, 506
34, 804
37, 774
31. 1
33 7
7,721
11.872
40, 272 I 34,168
30.5
36.0
8.498
11,060
39. 6t
35.
6,91
42.41
37.
10.2:
277
245
996
670
472
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
Percent of capacity
Railway specialties
Production, total
Percent of capacity
Railway specialties.
r
Revised.
§ Revised series. Data revised
short tons.-
96, 687
86.3
42,21
short tons43, 590
do...
38. 9
..short tons. _ 12, 449
25. 565
22.8
5, 462
28, 478
25.4
8,353
25. 418
22.7
4, 127
28.109 i
25.1
5,986 I
for 1937; see tables 19 and 20, pp. 14-15 of the April 1939 issue.
49
SUEVEY OF CURRENT BUSINESS
November 1039
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
September
1938
September
October Novem- December
ber
January
February
'March
1939
j
April
j
!
May
Juno
July
August
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Steel, Crude and Semimanufactured—
ContiDued
Ingots, steel:
4,231
2,647
Production
thous. of long tons..
71
44
Percent of capacity
Bars, steel, cold-finished, carbon, shipments
30,903
short tons.- 55,495
Prices, wholesale:
. 0201
.0268
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
34.00
34.00
dol. per long ton..
.0210
.0210
Structural steel (Pittsburgh)
dol. per lb_.
16.22
13.50
Steel scrap (Chicago)
dol. per gross ton..
U. S. Steel Corporation:
10,026
Earnings, net
__.thous. of dol-.
Shipments, finished steel products
985
578
thous. of long tons..
Steel, M a n u f a c t u r e d Products
Barrels and drums, steel, heavy type:
Orders, unfilled, end of month
number.. 771,714 445, 310
1,163.-105 783, 592
Production
_.do
73. 0
Percent of capacity
48.7
Shipments
number.. 1,100.980 759,188
30, 892
Stocks, end of month
do
60,160
Boilers, steel, new orders:
1.752
579
Area
thous. of sq. ft..
1,380
1,124
Quantity
number. _
Furniture, steel:
Office furniture:
Orders:
2,049
New
thous. of dol..
1, 630
1,850
Unfilled, end of m o n t h . . . . .
__.do
1, 020
2,007
Shipments
do
1,667
Shelving:
Orders:
411
New
do
411
331
Unfilled, end of month
_do____
386
408
Shipments
do
317
Plate, fabricated steel, new orders:*
Total
.
_..short tons_. 39. 751
18, 551
Oil storage tanks
.
do
3, 623
11,498
Plumbing and heating equipment, wholesale
price (8 i terns)
dollars. 235.19
234.01
Porcelain enameled products,, shipments f
736
thous. of dol__
233
137
Spring washers, shipments
do....
Steel products, production for sale (quarterly):
763
434
Merchant bars
thous. of long tons..
814
564
Pipe and tube
_do
505
384
Plates
_.do_._.
188
Rails
____
do_.__
116
1, 8G0
Shoots, total-_
do
1,131
05.0
Percent of capacity
43.1
Strip:
152
Cold rolled
thous. of long tons.
214
Hot rolled
.
.do
501
307
Structural shapes, heavy
do
587
Tin plate
do.
331
745
Wire and wire products
do
528
4,910
Track work, shipments
___short tons..
2,686
3,131
3,174
53
3, 405
55
2,974
52
39, 648
42,808
36, 287
. 0268
.0208
. 0268
34. 00
.0210
13.85
34.00
.0210
14.25
34. 00
. 0210
13. 38
3,106
52
3, 558
60
35,106
37,673
.0266
.0268
34.00
.0210
12.88
34.00
.0120
14.20
663
680
694
789
678
768
374, 454
841, 653
52.3
865, 572
36, 241
248, 376
788,040
49.0
799,078
24, 603
519,375
830, 979
51.7
822, 740
32, 090
438, 740
749. 070
47. 5
740, 510
421,037
552. 189
35.0
550, 009
30. 586
351.203
709. 252
44. 4
710, 228
29, 610
717
1,125
635
947
892
1,012
1,131
I, 204
817
892
1,650
958
1,718
1,813
1, 064
1, 707
1.853
977 !
1.982 I
1,960
]. 132
1,813
1, 782
1, 140
1. 775
53
36,315
.0268
34.00
. 0210
13.75
.0262
34.00
.0210
13.56
55
32, 809
. 0201
34.00
. 0210
13. 50
' 3, 763
61
42, S95
.0261
34. 00
.0210
13.88
15, 881
723
733
676
277.719
800, 21)2
50. 1
799. 404
30,498
257, 901
SI4, 298
51. 1
SI 2, 843
31,807
208,000
833,378
52.3
822, 658
42, 587
235, 772
719, 055
45.1
725, 009
33,025
247, 729
826, 941
51.9
825,551
34, 407
617
660
705
834
877
983
1,032
1,098
772
1,033
890
1,175
1,798
1,052
1,880
1,619
952
1,780
1,016
1, 710
1,902
1, 207
1,714
1,737
1,382
1, 507
1, 813
1.308
1,887
507
387
447
420
300
451
400
358
300
404
328
433
1, 707
!
34. 030
10, 976
33,959 I
13, 481
31, 304
8,188
21, 828
8, 229
233.97
23?.. 99
234.82 I 234.82
234. 77
234. 77
234.71
234. 87
851
171
826
183
951
149
1,151
184
5, 330
5,402
315
20-)
357
21. 793
5, 379
20,213
3, 629
233.88
233.97
045
m
231.64
959
215
771
ISO
010
185
610
611
452
1.S12 |
69.0
j
!
!
lfiO
2, 514
.0264
3 1 00
. 0210
12.80
35. 615
3,103
28,218
5, 950
335
255
442
2, 608
34, 287
3,125
53
388 1
499
399
292 i
317
327
253
349 j
474 j
389
318
29, 7S4 I 35. 844
20,511 : 22, 903
*-,
7.723 |
5,429
4,081
7,401
318
362
342
675
180
47
15,881
19, 792
796
164
2,923
384
395
374
61
!,840
2,900
4,250 I
853
184
672
595
491
293
1, 054
60.1
595
620
505
380
1, 492
52.7
125
243
459
422
674
.4S1
«
110
210
474
550
050
6, 832
0.819
0, 058
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
40,644
44,805
43,629
Imports, bauxit.e§
long tons.. 33,133
36,204
40,300
41,000
2(1 795
3« 288
51, 027
33, 737
33,000
;r>, 397
Price, wholesale, scrap, castings (N. Y.)
0702
.0088
.0713
. 0088
. 0813
dol. per lb__
. 0703
. 0800
.0813
.0888
.0713
. 0750
. 0808
Babbitt metal (white-base antifriction bearing
metals) r
Consumption and shipments, total
1,999
1,613
,133
1.749
1,474
1. 002
1,380
1.783
1,60f>
thous. oflb..
1,596
1,725 |
1,460
629
517
'741
611
453
531
338
' 425
509
048
Consumed in own plants
do
644 |
359
1,370
1, 090
,392
1, 137
1.021
1,252
1.012
1,177
857
Shipments
do
958
999
1,080 I
1.101
Copper:
Exports, refined and manufactures§
45, 840
35.168
39,350
40. 441
30, 303
27.304
40,741
2S, 102
40,915
23. 807
short tons.. 35, 090
31,285
16,176
21,123
17,015
23, 248
13,192
19, 040
20, 651
19.305
22,132
10, 439
18,55!
ll,r,34
Imports, total§
do
16.151
15, 582
18, 046
21, 992
10,004
12, 402
18,128
19,728
21,731
18,450
9. 408
18,070
For smelting, refining, and exports...do
15, 508
10. 509
Product of Cuba and" Philippine Islands
136
135
184
128
91
9
14 0
105
180
short tons__
459
2,342
224
1, 072
244
700
954
374
979
903
All others.
do
413
810
742
Price, wholesale, electrolytic (N. Y.)
. 1020
.0998
.1164
.0978
,0983
. 1003
. 1027
. 1103
.1)03
.1103
.1103
dol. per Re.1103
production:
Mine or smelter (incl. custom intake)
54, 532
59, 672
58, 000
49, 316
01,752
62.548
CO, 70"
72, 709
60,170
69, 630
short tons..
73, 205
57, 339
61,719
68, 536
45, 808
60,718
58, 368
59, 452
56,824
68! 071
60, 31 n
Refinery. _.
do
66, 840
75, 808
63, 862
63, 894
55. 025
67. 9!9
4fl 067
51,577
47, 804
Deliveries, refined, total
do
82. 005
64, 657
54. 827
59, 681
53. 573
51,225
50. 803
42. 4*4
53,637
48. 207
38, 977
Domestic
do
51,397
69, 827
51,0 5-9
10.127
10, 289
12, 669
4,22?
4 183
14, 282
H, 827
Export
..do
13.260
12,778
3, 70S
293,080 267, 299 269,488 289. 755 301,2-14- 309.119 320,812 332,513 337,155 335, 012 310, 543
Stocks, refined, end of month
do
Lead:
Imports, total, except manufactures (lead con3,019
3,864
5, 179
10, 961
4,391
16, 593
13, 257
tent) §
.short t o n s 4,443
4,241
11,098 | 15,485
1,692
4, 482
Ore:
35, 063
31. 268
32, 300
33, 589
31,748
30,014
27, 605
"Receipts, lead content of domestic ore. do
37,654 | 31. 593
28,193
34,716 j 35,885
r
3,491
r 4,484
3,415
3,679
r 3,198
'3,926 1 '3,734
Shipments, Joplin district!
do..-.
9,695 I
6,314
3,911 |
6,052
' 3,848
' 4,841
r
Revised.
•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.
1 As 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 80 additional establishments.
{Data for
June,
August 1939 are
weeks; other months, 4 weeks.
September and December 1938, March, 19 andand pp. 14 and 15 of for 5April 1939 Survey.
§Revised series. Data revised for 1937; see tables
20,
the
50
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
November 1939
1938
September
1939
DecemOctober I Novem-1
ber
J'-muary
February
March | April
June
July
j August
METALS AXD MANUFACTURES-Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Metals—Continued
Lead—Continued.
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. p e r l b . .
Production from domestic ore. .short tons..
Shipments (reported)
do
Stocks, end of month...
do
Tin:
Consumption of primary tin In manufactures
long tons..
Deliveries
do
Imports bars, blocks, etc
do
Price, wholesale, Straits (N. Y.)-dol. per lb._
Visible supply, world, end of mo.f- -long tons. United States
do
Zinc:
Ore, Joplin district:?
Shipments
short tons..
Stocks, end of month
do
Price, wholesale, prime, western (St. L.)
dol. per R^Productlon, slab, at primary smelters
short tons,.
Retorts in operation, end of mo
number. .
Shipments, total
short tons,.
Stocks, refinery, end of mo
do
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
...short tons...
Orders, unfilled, end of month
do
Plumbing fixtures, brass, shipments
thous. of pieces..
Radiators, convection type, sales:
Heating elements only, without cabinets or
grilles
thous. of sq. ft. heating surface .
Including heating elements, cabinets, and
grilles
thous. of sq. ft. heating surface-.
Sheets, brass, wholesale price, mill dol. perlb..
Wire cloth (brass, bronze, and alloy):
Orders, new
thous. of sq.ft..
Orders, unfilled, end of month
do
Shipments
__.do
Stocks, end of month
do
0.0545
35.086
59, 554
97, 702
0.0500
24,994
39, 026
131, 353
0.0510
27,968
45, 726
117,476
6,470
5, 050
4,427
Ca)
31,168
3,413
3, 770
4,465
3,895
.4338
•40,514
4,573
4T060
4. 960
4, 643
. 4522
3^,945
4, 500
30, 285
9, 958
•41,648
14,895
• 29, 260
18, 745
.0610
. 0485
. 0501
r)
42 2 5
37, 729
69, 424
95, 615
32,
31,
43,
130,
328
555
582
743
36, 740
32, 427
43, 355
124,128
7, 539
22, 499
5,159
17,019
1, 382
105
1, 446
65 S
58 I
.183
495
168
538
712
439
511
497
8 22
3^5
505
0.0483
38,299
40,189
117,214
0.0481
36. 391
34, 421
122,112
4,160
4,330
3. 535
3, 400
4; 448
3, 555
. 4623
.4618
37, 145 •37.712
5,060
5,157
4,230
4, 330
3,971
. 4638
• 39.100
4, 624
4.410
4'. 105
5, 097
.4562
' 40, 035
5,486
42, 237
12, 251
27,452
12,301
.0492 ! . 0450
i
40.343 ! 45. 345
36.243 I 38. 793
43.61)3 I 39, 354
120, 778 126, 709
..0450
34, 827
17, 299
4. 759
13, 740
1.359 !
110 !
44,277
39. o'X)
42. 639
128,407
4,926
9, 210
4. 317
Il,4fi3
1,218 j
0.0482
37, 790
40,871
122, 035
419 !
780 I
458 |
446
0.0478
36, 704
37, 903
123,394
0. 0475
43, 026
40,124
129, 270
0.0480
37, 237
38, 710
129, 636
0. 0485
34,926
42, 636
124,017
0. 0504
36, 556
45, 025
117, 985
5,270
5,190
4. 755
5,980
5,208
3,814
. 4621
.4720
37. 788 ' 37, 224
5,806
3,385
5,920
5,780
5,140
5,905
4, 925
5, 275
5. U S
6, 020
6,179
.4902
. 4885
. 4852
33,715 r 30. 039 •29,615
3,387
4, 388
5,339
5,900
6, 295
4, 735
4.876
26, 338
3, 613
33. 220
8,400
35, 189
10, 503
' 31, 049
9,294
32,126
7, 498
. 0150
. 0450
. 04,50
. 0450
. 0450
. 0452
. 0172
43, 036
38, 763
40. 641
130, 380
42, 302
36, 331
39, 607
133,075
39, 450
36 291
37,284
135,241
39, 669
35, 491
43,128
131, 782
40, 980
34. 443
49, 928
122, 814
5,818
4,657
14,571 ! 14,037
4,543
12, 688
5,026
11,065
5. 035
14, 625
6. 006
15.512
1,554
1,577
1,532
1,721
39. 613
39. 459
39, 828
128.192
4, 662
8, 161
1,410
45, 084
38,251
45. 291
127,985
1,505
1,330 !
r
38,819 r 26, 258
6, 749
7, 601
r
35, 748
9,503
427
532
450
I
62 |
11
0
138
546 i
.170
47
109 !
491 !
. 174 !
494
.173
1,270
1, 513
547
593
0.0484
30,988
33, 908
115,902
0. 0509
35, 958
42, 005
115,134
717
. 165
814
.165
657
.167
787
.168
347
768
422 I
549
481
830
4] 3
560
366
750
444
582
408
823
392
624
413
793
439
637
'4,511
' 2, 997
955
558
4, 901
3,115
1, 318
468
r 5, 406
r 3, 377
1, 509
521
4,438
2. 565
1,327
546
4,518
2,492
1,336
383
1,917
280
844
2,414
347
68
M A C H I N E R Y AND A P P A R A T U S
Air-conditioning systems and equipment".
Orders, new:
Total!..
thous. of dol..
Air-eonditioning group
do
Fan-groupf
do
Unit-heater group
do. _ . .
Electric overhead cranes:
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 type
do
Water systems, incl. pumps
do
Pumps, measuring and dispensing, shipments:15.'
Gasoline:
Hand-operated
units..
Power
do
Oil. grease, and other:
Hand-operated
do
Power
do....
I
3,019
1, 270
941
808 J
3,352
1,228
899
1.225
2,885 i
3,211'2,812 I r 2. 718 r 4, 746
r
2, 837
819 1,112
r ] 300
1,073
83/
r 795
836
1,228
1,223 j
622
43?
2,474
375
113
1,017
243
171
1,080
10S
1,052 I
184. 4
174. 9
132.6
97.3
84. 2
87.9
91. 8
03.4
"Hi
179
377
1,171
168
1.173
201
1, 131
244
823
1, 504
312
438
1,755
174
274
1,813
215
141 9
12H 0
102 S
122. 5 |
151 J
96 3
i35.o
I 16.6 146.2
175. 1
193.6 208.6
112.2 128. 1 131.0
10S. 9
173.1
144. 3
134.9 i
114.0 131.6
123.1
159.2 135.6
143.8
148. 5
135 5
207 '
87 0
94. 5
284
993
270
f
36, 279
5. 907
7.9S1
8. 43o
'?., \ f>5
3, 340
\<,7M
7,674
8, W?A
21.326
21.S-S5 i 22.850
19
10
10
11,806
4, 475
10,671
21.790
33
11,346
5,181
10. 640
21, 619
15, 284
5, 456
15, 009
20, 214
23
17,901
6,451 I
16,906 I
19,947 |
20 |
17,838
6, 952
17, 337
18,854
11
22,748
5, 040
24, 660
19, 642
14
3, 3VJS
2, 375
3, 669
3, 427
5, 023
7, 599
9,246
14, 682
219
40,117
ISO
34. 909
186
38, 932
168
34,811
164
32, 540
215
49, 255
267
56,419
279
51,722
376
63,899
146.5
150.8
167.1
185. 4
155.6
219. 8
230.9
206.5
16,4-W
53
26, 403
3. 386
26. 405
23, 705
6
20. 346
2. fi73
21. n,",o
8
11.409
2. 564
11.518
21, 421
12
19,959
20,126
17,339
7, 6S9
4, 752
439
86. 714
326
45, 030
342
59, 920
228
34, 533
117.4
118.1
112. 2
1
47,439
860
IS, 452
35, 803
928
17.205
25, 556
997
13,934
26, 572
893
12, 803
690
8,702
632
7,752
858
5,412
9.632
2,075
12. 246
14,653
2, 367
1.729 I
24,889
865
10.402
649
7, 652
10,708
1,480
41,191
464
14,738
31.485
740
14, 259
42, 693
732
16, 222
38, 468
1,463
16, 889
44, 216
731
20, 773
55,048
953
23,067
52, 336
964
19,029
52,897
1,138
19, 890
740
5,858
1.005
6,156
1,582
8,878
1,346
9, 637
1,601
12, 017
1,129
11,430
875
9,419
736
9,275
10,297
11,982
13,078
2,071 2,981 I 4,305
13,919
3,544
17,085
3, 332
15,612
3,186
14,053
2,011
12,468
2,449
tRevised series. Data for "driving mechanisms for eeneral 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. World visible supply of tin revised beginning January 1935 to include stocks of refined tin at all European smelters; data not shown hero will appear in a subsequent issue.
?Data for September and December 1938, March, June, and August 1939 are for 5 weeks; other months, 4 weeks
51
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to1939
gether with explanatory notes and references
Septo the sources of the data may be found in the
tember
1938 Supplement to the Survey
1938
September
1939
October Novem- December
ber
January
February
March
April
May
June
August
July
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of doL
1,469
Water-softening apparatus:
Shipments, domestic
..units1,512
Woodworking machinery:
Orders:
Canceled
thous. of dol.
5
New
do...
620
Unfilled, end of month..
do_-_
1,145
Shipments:
Quantity.number of machines
218
Value
thous. of dol.
418
ELECTRICAL EQUIPMENT
Battery sales (replacement only):*
Unadjusted
1934-36=100..
A d justed
do
Electrical products:*
Industrial materials, sales billed. _. 1936•= 100..
Motors and generators, orders received do
Transmission and distribution equipment,
orders received.1936=100..
Furnaces, electric, industrial, sales:
Unit
kilowatts..
3,279
Value
.,
thous. of dol_.
291
Electrical goods, new orders (quarterly)
thous. of dol. 212,00!
Ironing machines, sale** _
units.. 10, 565
Laminated products, shipments thous. of dol
1, 019
Motors (1-200 hp.):
Billinsrs (shipments):
A. C
do ...
', 361
F>. C
do....
474
Orders, new:
A. O
do . .
2, 725
D. C__.
do..-.
1,102
Power cable, paper insulated, shipments:
Unit
.
thous. of ft..
Value_...
..
thous. of dol..
Power switching equipment, new orders:
Indoor
dollars.. 71. 419
Outdoor
dr. ] 210, 535
Ransvs. billed sales
.
thous. of dol..| 1,891
Refrigerators, household, sales
number.. 73, 135
Vpouum cleaners, shipments:
Floor
;
dO.... I 93. 851
Hand-type
__do | 26 857
Vulcanized fiber:
j
Consumption of fiber paper
thous. of 1b. i 2, 284
Shipments!
thous. of dol.. I
548
Washing machines, sales*
units. .! 138,902
1,462
1,449
970
1,155
1,204
1,282
1,258
1,230
1,236
1,673
1,090
1,585
1,078
1,191
1,038
1,077
1,108
1,082
1,698
1,122
1,217
1,282
1, 306
1, 236
1
381
714
4
340
656
3
456
720
4
612
910
13
363
863
14
410
1
445
896
5
393
923
905
5
438
980
29
432
948
205
332
165
394
172
236
418
190
397
216
422
209
384
152
360
216
510
224
411
157
357
269
435
198
128
188
111
168
120
149
132
100
127
78
122
73
121
72
132
84
151
111
163
133
139
176
132
74.2
62.7
78.0
61.0
81.9
67.6
79.2
72.1
79. (
79.2
67.8
90.8
99.3
80.5
77.5
84.1
77.5
78.2
76. 0
91.6
94.3
C)
484
87.0
76.3
73.1
81,0
108. 3
129.1
103.0
117.2
102.0
121.2
108. 1
829
58
1,324
78
1,176
67
2, 356
110
3,147
195
1,235
4, 681
215
1,934
161
2, 789
194
3,228
213
1,332
97
1,921
182
10,523 !
8,226
851
160, 374
9,210
876
8.208
' 838
S. 016
812
11.607
90S
9,047
830
8,433
849
205, 567
7,216
901
',741
805
11,386
906
1. 538
300
1, 506
305
1,713
446
1. 436
330
2, 050
557
1,986
534
2, 053
519
2,410
574
2, 053
538
\ 398
' 524
1,641
347
1, 605
(351
1, 733
659
1,574 !
540
762
404
2, 356
739
2,062
548
2, 319
428
2,504
549
2,128
406
! 595
,
569
587
555
603
588
476
502
271
273
353
312
637
662
700
696
566
674
652
718
481
55,331
784 128,450
272 |
1, 257
148 I 34,345
55, 627
124, 927
1, 047
32, 103
01,720
51,124
138,840 ! 109.799
1,006 ! 2.230
47, 599 ! lf>0, 10S
47 , 45S
223,286
2, 103
19° ,528
158,959
11, 272
300
763
764
180
834
95,684 j
24,121 |
189
38!)
821
372 i
115,019 i
1,495 I
89 772
23' 734
95, 521
30, 632
78, 753 I
23,846 !
*' 422
84, 192
1, 3S5
383
67, 502
1,410 j
458 !
109.909 i
87, 019
75,161
89, 809
197,175 279,093 346, 530
2, 283
1, 939
2. 395
251.644 ! 260,204 273, 966
783
880
92.347 I 90,302
217,846 I 283,614
2,025 I "l, 128
268,848 j 164,211
" ""' 164,
j 01 963
436
j 259,
! l! 799
I 1 94,'
- 734
I
, H O 122,785 ! 100.487 ! 91,055
, 182 29,470 I 24,539 ! 23,322
2, 070
528
152, 725
1, 575
466
116, 199
80. 660
19, 014
61,492
74,333
15,197 I 22,
268
1, 749
458
105, 266
1, 735
1, 725 j 1,971
1,
411
437
528
120,076 ! 104.817 1 132,297
524, 391
502, 887
PAPER AND PRINTING
WOOD PULP
Consumption and shipments'®
Total, all grades
Chemical:
Sulphate
Sulphite, total
Bleached
Unbleached
Snda
Groundwood
ImportsChpmioal§_
.
Groundwood§__
Production'
Total, all grades
.
Chemical:
Sulphate
Sulphite, total
Bleached
Unbleached
. . .
Soda
G r o u n d wood
short tons..
495, 097
525, 0S5 I 522, 863 539,061
499,076
484. 507
do
do
do
do ....
do
do
211,591
146,614
88. 885
57, 729
31. 118
105,774
227,063
151,056
91, 575
59, 481
31,505
115,461
214,796
1". 1.635
90, 486
61, 149
32, 575
123, 857
211,884
174.546
115, 442
59, 104
31,996
120, 635
196,419
145. 040
89, 511
55, 529
32, 643
124,974 !
199.931 j 228,680 221,196 204, 220
136 667 i ]?,«, 10' 148,801 152,108
85, 120 97, 156
94. 398
93. 498
1, 547
57, 710
55, 303
.8. 951
33,713
31.526 I 34,705
32. 946
110,383 | 127,457 124,364 i 134,350
112,407
20. 576
142,188
15,175
166.091
17, 491
171. 520
17,366
150.510 I 103, 504
20,076 !
7,312
do
do
136, 843
23, 574
546,949 1 527,307
117.800
17, 326
78, 534
9, 867
140,131
18,562
495, 390
553,653
202, 204 208,187
146, 993 143.487
91, 164 91.428
55. 829
52, 059
30, 033
28, 303
123, 659 115,413
235, 709
154,174
06, 894
57, 280
32, 961
130,809
152,719
17,403
130,920
19, 049
137. 431
19, 694
do
.
.
475, 356
522, 825
533, 423
522, 220
533,442 ] 484,605
543,411
521, 590
535,149 I 507,857
472, 095
535,230
do
do._._
do
I
do
!
do
!
212,664
139, 022
82. 373
56. 649
30, 995
92, 675
231,804
154. 210
94, 729
59, 481
31, 625
105,186
217. 896
157,724
93. 782
63, 942
32. 632
125,171
212, 884
152.498
95, 845
56. 653
31,917
124, 921
207, 259
158.913
100.337
58, 576
32, 255
135, 015
200, 502
132, 662
79. 698
52. 964
31,075
120, 366
228, 632
149,019
92. 729
56, 290
34, 561
131,199
212,559
142. 401
88, 250
54. 151
32, 768
133,862
201,123
161,601
103, 464
58,137
34,748
137, 677
201,364
153,526
97, 308
56,218
31,164
121, 803
206, 479
132, 460
82, 527
49,933
26. 846
106, 310
233, 197
158, 341
97, 283
61,058
33. 013
110, 679
do
\
_
III
Stocks, end of month:
j
Total, all grades
...do
!
191, 702 189,442 200, 002 183,161 217,526 217, 624 214,085 208, 369 219,127 224, 097 200, 803 182, 379
Chemical:
j
Sulphate
do
35, 517
33,809
31,297
32, 628
35, 728
36,728 I 47, 568
39, 454
27, 887
48,139
36, 357
48, 091
Sulphite, total,..
do
93,584
97, 751
105, 010 108,164 114.253
92, 205 106.078 102,073
88, 585
98, 078 104,611
94. 985
Bleached.
do
67, 891
58, 990
59, 379
70, 099
52, 681
61, 747
73, 253
76. 549
56. 952
57. 929
67, 778
62, 356
Un bleached
do
34, 594
36, 720
38, 372
35, 904
36, 331
34.911
34,911
37, 056
37, 704
35, 253
38, 300
39,717
Soda
do
4, 376
5,832
4, 427
3.664
4,699
4,728
4,848
3.842
4, 905
4,826
4,437
3, 986
Groundwood-..
do
76, 666
79, 993
78,137 • 69, 034 48.904
43, 802
54. 077
45,116
49, 402
67,168
59, 443
63, 426
Price, sulphite, unbleached....... dol. por 1001b..!
1.95
1.95
1.95
1.95
2.13
1.95
2.07
2.02
1.95
2.00
2.00
2.00
2.00
PAPER
Total paper:
Paper incl newsprint and paperboard:
874,263 926, 616 957, 377 849, 764 843,063 ! 873,441 1,036,734 912, 676 959,841 898,307 861,310 1,045,291
Production
short tons.
Paper, excl. newsprint and paperboard:
467, 455 479, 970 514. 201 437,128 436, 048 468, 274 542. 497 436,980 477,034 454,900 429,682 533, 059
Orders, new
short tons.
454, 897 482.812 534. 542 444, 728 442, 405 463, 770 535. 229 462. 299 498,197 441,236 419,773 522, 065
Production
do...
456, 235 475, 850 532,175 441,194 446, 265 460, 019 542. 734 447, 500 479,108 449,987 437,234 516, 338
Shipments
.
do...
•• "Revised.
_^ mills „„„„shipments to the ^XM
..... market.
_^«i^l,^.
• Less than $500.
' _ _ used in the producing _
Pulp
and
• Estimated.
*New series. Data on battery sales beginning 1934 appear taxable 35. p. \7 of The August**!938tissue." Sale^of washing machines and ironers beginning 1929 appear ...
table 43, p. 17 of the Octooer 1939 issue. For data on electrical products beginning 1934, see table 32, p . 18, of the June 1939 Survey; data are furnished by both member and
nonrnember companies rather than member companies alone as therein stated.
§ Revised series. Data revised for 1937; see table 20, p. 15 of the April 1939 Survey,
t Revised series. Data on vulcanized fibre shipments revised beginning 1934; data noit shown on p . 51 of the January 1939 Survey will appear in a subsequent issue.
i
52
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
November 1939
1938
Sop-
1939
October Novem- December
ber
January
February
March
April
May
June
July
! August
PAPER AND PRINTING—Continued
PAPER—Continued
Book paper:f
Coated paper:
Orders, new
.
short tons.Orders, unfilled, end of month
do
Production
do
Percent of potential capacity
Shipments.
short tons..
Stocks, end of month,.
do
Uncoated paper:
Orders, new
do
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, Eneli^h finish, white, f. o. b. mills.dol. per 100 lb__
Production
short tons - .
Percent of potential capacity
Shipments
....short tons..
Stocks, end of month
....
do
Fine paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments..
..do
Stocks, end of month
do-.....
Wrapping paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Exports
do j
Production
do !
Shipments from mills
___.d'>
I
Stocks, at mills, end of month
do
United States:
Consumption by publishers
do. _
Imports§
do...
Price, wholesale, rolls, contract, dest'nation (N. Y. basis)___dol. per short ton
Production
short tons
Shipments from mills
do...
Stocks, end of month:
At mills
dn___
At publishersf
_.do.._
In transit to publishers!
do...
Paperboard:
Consumption, waste paper...
do
Orders, new
do...
Orders, unfilled, end of month
do..Production
>-.-do...
Percent of capacity
Stocks of waste paper, end of month:
At mills
short tons_.j
1.6,029
17,087
2, 767
3. 160
17,445 I 17,741
66.4 i 64.9
16.883
18.194
14,114 i 13,691
16, 612
3.410
17, 057
62.4
18, 730
14,018
15.769
2,714
17.096
62.6
17, 563
12, 776
16.961
3, 071
16, 845
63. 3
17.319
12,070
17,911
3,552
17, 796
71.6
17, 642
12,472
19,553
4,060
20,02S
71,7
19,919
12, 581
16,305
3,238
17, 754
68.6
17,902
12, 433
17,126
2, 861
18. 579
66.5
17, 409
13, 762
17, 276
3.090
15, 634
64.9
15, 771
15,139
15, 744
3. 647
14. 306
55.9
15, 097
14, 211
15, 559
3. 695
17, 737
69.9
16, 287
14,971
9I,46f>
36,141
89,878
35,123
87, 923
33, 730
86, 840
34,958
94,160
40,314
88,218
36,931
102,810
38,053
92, 712
39,252
83, 692
28,179
89, 681
32, 755
79, 210
30., 324
107,028
41, 701
5. 45
88,518
73.7
90, 518
106, 230
5.45
92, 758
74.3
92, 345
107,281
5. 45
92, 187
73. 8
89, 321
109,975
5.45
85,779
68.7
86. 076
109,604
5. 45
89.642
72.5
91,667
107,518
5.45
80,589
81. 1
89, 377
107,602
5,45
102, 788
79.9
104, 196
106, 435
5.45
90,289
77.7
88. 980
106, 381
5.45
96,088
77.4
89, 393
« 58, 282
5.45
87,953
73.9
84, 862
a
60,981
34,203
11.587
31551
34,677
73, IG6
4S, 225
16.174
45, 149
46, 526
71, 948
32.750
12, 692
37,813
35, 158
74,378
34,511
11.864
36, 001
35, 803
65, 480
35,064
11,187
36, 680
36, 022
65, 384
48.124
14, 227
45,046
46,511
63, 970
33, 294
12, 280
38,075
36, 935
66, 573
37, 294
9,523
43, 043
41,166
61. 504
31, 538
8, 796
33,491
32,216
62, 669
189,530 ] 142,220
69, 322
68, 956
391, 105 151.076
189,695
149,033
124, 683 126, 365
148,562
64,300
151.374
149.088
126, 551
163, 622
71, 599
161,510
159,334
129,835
186, 433
62.718
194,280
195, 555
126, 936
145, 740
58. 629
159,353
152, 265
132, 148
186, 710
64, 050
184, 727
180, 344
136, 617
146,404
64,100
140,193
147,601
128,990
140, 746
59. 354
135, 976
142.166
13 5,283
195, 375
67. 038
187, 921
191,030
112.542
1<!5, 5S6
231, 010
230. ?i 6
°45, 813
193.624
152,4.,7
2('0.631
17* 236
190. 363
217,65,1
220,648
205,099
205.912
162, 352
220.843
214,255
212. 500
244, 400
250,015
274. 635
187, 880
244,655
240, 545
232, 261
196,164
200,174
227, 630
221,743
202, 051
200, 837
236, 975
224, 367
214, 659
162. \i.7 | 1S7.-i.*'!
2';O, 144 '
176.3-:.? I 177.1M
'!?\\2^l
2'/J, 782
174.0%
189, 360
179,542
209, 597
178, 543
250, 668
170, 980
216,580
172, 861
201. 991
159, 617
195, 644
50. 00
70, PL'O
81, 610
50.00
77, 393
77, 463
50. 00
85. 872
8~i, 4 4 3
50. 00
80, 562
84, 628
?J, 822
2HJMI
13,419
20,065
20.135
223. 4f,9 206,727
37, 253
.32, 580
21, 494
229, 142
39, 251
17.428
230,443
47, 737
17. 006
252.664
43, 459
17.946
277, 589
39, 862
o-»
221,76". ! 233,311
•.;; j :;;
''.34,711 3I'J 4(>^
/ J. ?'•'•< i "'T' 23 i i S3
x:^\
9!,4ii
351, or, 1 I 37i>.977 j 314.145
329.181
n. 2
fi^. 5 i
72. 4 I
60. 3
HO. 1
247, 710
338. <;';n
H 2 , «01
338!803
67. 8
292, -174 262,918
4?9,545 347,575
97, 340
124,420
4 2 1 , r)7fi 372,984
72 4
69.1
264, 348
372, 893
93, 643
375, 772
64.2
259,996
383,371
95,058
376, 509
66.6
255,830
382. 682
108,427
366, 605
63. 9
314,316
454, 817
119, 502
443, 226
72.4
2v 1,2'10 ! 275,746 ! 274, 9M I 290, C4.X
262,311
248, 595
255,354
259,423
255, 677
257, 889
246, 219
SI, 867
77, 477
85, 778
85, 267
SO. 246
80,115
76, 903
86,401
2, 075
146
2, 304
2, J45
159
2,827
2, 640
187
2, 395
2.218
177
2,627
2, 430
197
2,624
2,38S
236
2, 444
2,242
202
945
803
142
128, 508
86
16,889
1, 222
1,043
179
108, 597
87
16, 041
835
708
127
116,935
84
16,498
636
537
99
128, 583
81
16,466
798
669
129
112, 194
76
16, 549
i r 15?
32, 457
33, 565
71,169
149,372
66, 278
152,003
152, 2S1
122,107
159,243
66,1$1
101.933
161,271
123,360
211.452
2 V 5, 17 "2
107! 9^8
5. 45
98.180
78. 7
OZ, G i b
90, 337
;
57, 770 a 59, 839
5. 45
79, 315
68.8
40, 831
30, 967
10, 327 I 10, 470
29, 342 I 43,.122_
_
29, 691
42, 607
60. 539
61,132
1
50. 0^
75, *r,'
153. 31R
183^ 05:: j 144,308
50. 00
"7.264
77, 974
T7,'>"'6 J IS. 50;i
v-i,cr-7 ! 2c<>. io^
• c .i.' -VI i 47, ."70
IS. 5^-3 I 22,
291,177
44, CIS
3H, 67
36, 872
2P2,095
5ft. 00
7<! Nf.8
71,91V,
50. 00
50. 00
74, 932
SO, 000
75, 354 i 79, 060
PAPER P R O D U C T S
Coated abrasive paper and cloth:
Shipments
reams. .
Paperboard shipping boxes:
Shipments, total
mil. of sq. ft,.
Corrugated
do
Solid
fiber
do....
82, 091
* 589
>
2, 372
217
79. 007
2, 639
2. I'O
.' 209
72. 029 ! 62, 309
2, 239
2. 081
158 i
2, 547
2. 385
' 163
PRINTING
Book publications, total
no. of editions..
New books
.
do
238
New editions
do
Continuous form stationery
thous. of sets.. 137,2'JO
Operations (productive activity)
1923=1.00__
Sales books, new orders..
thous. of books..
I
800
720
80
113,132
80
15,522
000
790
110
116,140 110,903
84
16,280 | 16.256
876
659
J,]18
691
602
961
185
157
57
I 125,811 111.211
!
89
8'
! 14,788 i 15,998 I 16,286
I
746
617
127
126, 552
78
17,414
RUBBER AND PRODUCTS
CRUDE AND S C R A P RUBBER
Crude:
47, 259
44,377
44,166
50,165
42, 365
40,183
42,850 I 49,050
46, 234
Consumption, total
___
..long tons.. 50,150
48.143
• 90,952
99, 039
For tires and tubes (quarterly)
do
79, 928
92, 021
Imports, total, including latex §_.
do
37, 504
34, 325
37, 294 "36," 857" "30,826" 45, 496 "31," 854" "45," 784" 34,272
32, 924
35, 066
.164
.166
.159
. 163
. 159
. 169
. 163
. 158
Price, smoked sheets (N. Y.)
dol. per lb_.
. 213
. 163
. 161
66,000
70, 000
74, 000
75, 000
75, 000
58 000
86, 000
77, 000
Shipments, world
long tons..
70, 000
68. 000
Stocks, world, end of month
.do
551,447 540. 976 512,196 482.852 497, 665 479, 578 460, 723 438, 252 429,979 407.630
88,000
99, 000
96,000
99, 000
80. 000 105,000 106,000 102,000
Afloat, total
do
96, 000
92, 000
51, 274
57,918
54, 046
55,981
48,210
5J.062
45, 105
55,814
68, 310
48, 927
For United States...-.
do
51, 114
63,878
68, 931
66, 020
72. 635
80. 643
93. 272
86, 853
75,517
98, 140
London and Liverpool
do
90, 073
75,409
77, 683
74, 308
90, 142
81,274
89, 630
84. 499
89.213
87. 968
British Malaya
do |
87.531
221,880
205, 214 192, 638 193, 651 180,343
United States
.
. . d o \ 150,171 268, 094 259, 074 242, 592 231, 500
21, 093
Reclaimed rubber:
13, 391
13, 517
14,870
15, 322
j 2, 509
13.522
13, 000
12, 626
13, 006
12,041
Consumption
do
16,953
14, 769
14, 527
15, 871
14,528
13,093
14,652
13, 763
15,124
15. 809
12. 085
Production
-do
37,990
22 771
22,628
23,058
19, 955
21,390
21, 960
23^ 000
Stocks, end of month
_
.do
21,185
15. 845
14, 286
17, 083
Scrap rubber:
34,204
25, 044
Consumption by reclaimers (quar.)
do
36,248 „
I...
- 36,496
'Revised.
-Estimated.
• Change in inventory due to physical check-up. Figures prior to May 1930 not co mpnrable w i t h later d a t a .
tFor book paper, see note marked with a " t " on p. 51 of the July 1939 Survey. Stor !rscf n e w s p r i n t a t p u b l i s h e r s , a n d In t r a n s i t to p u b l i s h e r s , revised
revisions not shown on p. 52 of the April 1939 Survey will appear in a subsequent issuo.
$Data revised for 1937; see table 20, p. 15 of the April 1939 Survey.
43, 8S0
50, 481
'"37," 222"
. 165
84, 000
418, 639
105, 000
52, 990
57, 234
83,010
173, 395
"38," 408
.167
92. 000
400, 428
120,000
66. 717
« 48, 000
71,195
161. 233
13, 542
12,588
21. 339
16, 846
17.214
20, 645
for 1937 and 1938
53
SURVEY OF CURRENT BUSINESS
November 1939
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data may be found in the
Sep1938 Supplement to the Survey
tember
September
1938
No vein- DecemOctober
ber
ber
1939
Jan aary
February
March
April
May
June
July
August
RUBBER AND PRODUCTS—Con tinned
TIRES AND TUBES
Pneumatic casings:f
Production.. __~_
thousands.
Shipments, total
.._
do__.
Original equipment*...
_
do...
Replacement equipment*
. „ do.-.
Exports*
.do...
Stocks, end of month...
.do...
Inner tubes:f
Production
,
__
do...
Shipments, total
..do....
Exports*
_
do__.
Stocks, end of month
do...
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly). _„
_____thous. of 1b.
4, 985
5, 565
1, 249
4,171
146
8, 335
3,916
3, 888
678
3 ? 123
86
8,022
4,183
4,126
1,287
2, 729
109
8,237
4,139
4, 405
1,777
2, 544
84
7,924
4,
4,
1.
2,
720
154
707
348
99
8,451
4,581
4,163
1, 685
2, 397
81
8, 932
4, 344
3, 739
1,472
2,156
111
9, 573
5,137
4,583
1,747
2,723
113
10,109
4, 211
4,356
1, 529
2,719
108
9,998
4,418
4,753
1,415
3,239
100
9,919
4,870
5,750
1,370
4,267
113
8,909
4,510
5,056
809
4,162
85
8,300
5,492
4,919
611
4,205
103
8,891
4,463
5, 019
98
7, 631
3,832
3, 980
53
7,859
3,980
4,101
57
7, 746
4, 029
4,13s
55
7, 6G5
4. 351
3, 859
55
8,166
4, 038
3, 93'»
73
8,069
3, 681
3, 335
65
8,415
4,470
4,015
74
8,901
3, 841
3,927
82
8,837
3,848
4,154
67
8,840
4,320
5,123
66
8,044
4,043
4, 285
62
7,819
4,918
4,432
3,280
4,894
18,115
5,090
6,213
16,956
49, 441
59, 801
58,370
8, 238
• 62,419
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
tbous. of pairs
do ...
do..
4. 713
6, 452
15, 218
4,709
fi, 360
16, 246
5,513
6, 139
15, 695
5,067
4, 991
16, 321
5, 523
5. 035
16,183
4. 807
4,778
16,157
4,953
4, 629
16, 582
5, 897
5, 214
17,281
5,216
4,414
18,083
5,033
4,017
19,055
4,866
4,192
19, 729
11,953
56.5
12,715
21, 477
r
5, 797
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
0)
11,937
56.3
13,104
20,160
5, 243
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
23, 947
5,282
1,119
1,130
193
1,189
1,070
195
953
891
219
1. 667
8,086
36.9
6 290
.
1. 667
5, 301
24. 3
5, 640
23,610
5,563
1. 667
5,507
27.9
5,043
24. 092
5, 986
0)
8,171
37.4
8,467
23,786
6,447
0)
9,674
45.7
9,654
23, 837
6,568
0)
11,185
50.9
12, 748
22,251
5,728
728
673
321
720
350
583
552
374
762
792
377
(0
0)
0)
12, 644
57.9
11, 755
22, 361
* 5,928
12, 369
56.6
• 13, 401
21, 327
' 5, 725
1,027
908
388
' 1,168
1,213
376
12.059
177,165
393, 393
12.038
189, 831
417,164
62, 658
248, 673
66, 864
245, 767
• 5, 028
"
T
1, 359
6,331
1,663
2,007
3,612
3, 994
6,647
6,386
6,844
44, 214
48,585 47, 336 45, 761 43,002 44,079
62, 410 54, 762 46, 815 50, 024 43, 643 72, 546 81,994 105,173 96, 288 r 95,180
333, 782 335, 707 347,147 342, 40S 348,792 340, 348 327,847 307,810 306, 435 305, 242
9,038
44,169
CLAY PRODUCTS
Bathroom accessories:
Production
.thous. of pieces..
Shipments
do
Stocks, end of month
do
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thons..
Shipments.
thous. of brick__
Stocks, end of month
,
do
Face brick:
Shipments
..do
Stocks, end of month__
do
Floor and wall tile shipments:*
Quantity
thous. of sq. ft_.
Value
thous. of dol_.
Vitrified paving brick:
Shipments
thous. of brick___
Stocks, end of month
.
do
Hollow building tile:
Shipments
short tons..
Stocks, end of month
do
862
841
215
1,148
1,160
397
12. 038
11. 895
142, 900
454, 393
47, 828
268. 583
4,267
1,235
8,046
54,396
345, 089
831
795
255
814
819
382
12,024 12.032 12.026
12. 046 12.023
12.077 12.118
11. 925 12.039
166. 471 153,568 133. 184 101,056 95, 920 166, 380 178, 903 209, 716 199,945
476, 359 455,859 397,838 374,572 351,155 361, 264
482,830 482,032 478, 260
52, 402 45, 701 37, 507 34,499 28, 785 57, 624 62,982 79,349 69,489
267,016 272,200 283,017 292, 565 300, 546 290,906 277,291 256,825 252,395
4,331
1,243
9, 591
52, 999
3, 996
1,129
7,206
51,323
3,261
956
7,191
48, 127
3, 549
981
4, 276
48, 763
3. 562
959
4,969
1,285
4,639
1,208
4,737
1,282
5,169
1,423
107,887
318, 688
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 boxes..
Percent of capacity
4,250
68.3
4,979
7,739
()
13, 663
914
56.2
3, 866
64.7
3,954
7,493
3,709
64.6
3, 491
7,643
3,515
58.8
3, 042
8,029
3, 589
55. 8
3,473
8,179
3,389
55.7
3, 323
8,192
4,129
61.4
3,933
8, 318
507
266
148
93
8,873
551
285
153
113
12,869
532
288
133
111
12, 8S3
443
227
125
91
12, 691
443
217
130
97
12, 209
357
185
107
65
10,165
396
201
116
79
11,867
7,268
522
32.1
641
39.5
883
1,003
61.7
943
58.1
809
49.8
912
56.1
740
45.6
3, 653
63,6
3, 971
7,641
514
4,071
65.4
3,978
8,336
()
4,516
69.7
4,485
8,293
4,662
72.0
4,618
8,209
()
0)
0)
(2)
()
8,036
729
44.8
(i)
4,581
73.6
4,136
8, 586
4,802
71.4
4,753
8,548
(2)
(2)
2
( )
(2)
()
9,289
720
44.3
10, 450
090
42.6
867
53.4
GYPSUM AND PRODUCTS
Crude:
Imports
short tons..
Production
do
Calcined production
do
Gypsum products sold or used:
Uncalcined..
.-__„.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__
T
247, 673
683, l:
534, 415
806, 957
650,804
40, 423
541,183
533, 440
291,810
845, 524
773, 634
228,375
192, 931
139,248
244,163
251, 764
214,151
207, 418
89,
6,
432,
34,
4,
89, 678
4, 884
333, 730
36,517
4,885
95, 981
5, 506
331,702
26, 233
5, 228
297, 267
113, 721
7,781
486,494
25, 515
8,581
994
591
779
523
991
T
Revised.
Revised
«Estimated.
«Estimated.
* Discontinued by compilers; data on an index basis appear on p. 20.
* Discontinued by reporting source.
•New series. For data on floor -, wall tile beginning __„„, „*,_. table 31, p. 18 of the June 1939 Survey. For the new series on pneumatic casings and inner tubes sec
_ .,.
— „.,.,. and
. ^ . ^ ^ B 1935, see „..„.„ „., i,.
es
tables 27 and 28, pp. 16-J8of the May 1939 Survey.
tRevised series. Data for pneumatic casings and inner tubes revised ffor 1936, 1937, and 1038; see tables 27 and 28, pp. 16-18 of the May 1939 Survey.
d
i
di
b
i
54
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
Sep- ]
1938 Supplement to the Survey
1 ember
1938
November 1939
1939
i October
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Sbipments...
.do
Stocks, end of month
do..
11,146
12. 4-10
COTTON
p
( null
H
(eu
Imports (e\ch'(linrr r.Ui v
h
.
Prices
J<ttei\i d b\ f xn^iprs
V < is oir>i'(s
do
d >i
jtv]')
d l T l ' i l l . l i s (ruilTijI J b i l ° \ , #
t o
(fl
( r o p c M i i j i ' l o , e q u n t W a 5 0 ( ; - l i > . ) hs
Receipts nito sigrt
Stocks, u (rid, "'iid of month11
Amen an (ot'on
In ti e 1 ill* 'd 1
-4ite->
On f irri> m' m transitMl
In foreign countries
Foreign cotton
d<
do
.
do
do
COTTON MANUFACTURES
Cotton cloth:
Exports!
thous. of sq. yd..
Imports§
do...
Prices, wholesale:
Mill margins*
cents perlb.
Print cloth, 64 x 60
dol. per yd_
Sheeting, brown, 4 x 4
do...
Finished cotton cloth:}
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}
pet. of capacityCotton yarn:
Prices, wholesale:
22/1, cones (Boston)
dol. perlb.
40/s, southern, spinning
do.. -
30,023
11,189
14. 50
. O.>1
. 063
153,025
100, 678
8, 0of>
113,380
RAYON AND SILK
Rayon:
Deliveries, unadjusted!
1923-25=100.Imports§
thous. of lb..
Price, wholesale, 150 denier, first quality
(N. Y.)
-dol per lb._
Stocks, end of mo.*
__mil. of lb..
Silk:
Deliveries (consumption)
bales..
Imports, raw
thous. of lb__
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
dol. per lb..
Stocks, end of month:
Total visible supply
bales..
United States (warehouses),
do
WOOL
Imports (unmanufactured)!
thous. of lb..
Consumption (scoured basis) :^
Apparel class.
._.___do
Carpet class
do
Operations, machinery activity (weekly average):!
Looms:
Woolen and worsted:
Broad
__thous. of active hours..
Narrow
do
Carpet and rug
do
Spinning spindles:
Woolen
____do
Worsted...
—
do
Worsted combs
do
Prices, wholesale:
!
Raw, territory, fine, scoured.
dol. per lb. ;
Raw, Ohio and Penn.
fleeces..
do... '
Suiting, unfinished worsted, 13 oz. (atfac-I
tory)
dol. per yd J
Women's dress goods, French serge, 54" (at !
mill)
.
dol per yd .j
Worsted yarn, 32's, crossbred stock (Boston) !
dol. perlb..!
T, 695
306
92. 5
. 266
.389
921
3,108
.52
13.0
36. 869
7, 262
89, 160
27, 760
20, 625
25, 006
8,847
1.549
81
7, 20!
7. 69S
145
81.611
144
1. 02
.45
.69
.28
.69
.30
1. 906
1. 683
1. 683
1.683
1. 683
1 0h;->
1. 101
1.015
1.015
1.015 I
1.015
1
1. 3S
1.13
1.13
i.i3 i
1.13
.71 i
.32 \
'.32
. 'S>
or
l. if
b
- Revised
As of October 1.
° T o t a l crop.
• T o t a l g i n n i n g s t o end of m o n t h ir^icativ!.
t R e v i s e d series. C o t t o n s p i n d l e activity revU-ii 1 '••.•ir.nincr August 1933; «iviaMf» I S p . 1$, of t h e M a r c h 1939 issue. D a t a on r a y o n deliveries revised b(
1936; revisions n o t given o n p . 94 of t h e F e b r u n r j ito'V Kiirviy will a p p e a r in a siib«e'iiicr.t iMue. D a t a on cotton d o t h exports revised beginning 1913; See
this issue.
X ?ee note m a r k e d w i t h a " } " dr. p . M of th.- ! i ' o il ! "y P u r v e y .
*Xew serios. T h e d a t a on cotto?: sKivl- s)v;\\:, ' vn- ;-;re ccniT^'h'd b y t h e Kt?/- York (\-tt'>it Exchange a n d replace t h e d a t a compiled b y t h e Cornmerc ial and Financial
Chronicle,
Dntri beuinnin'j 192>) :n)]>e:ir i;1 tn''Ie ::;. ;>;i. i.'s -.jid 1!". of in1.1 AM >\--I i ••'•['< -^urv ;•. For coiion cloth mill margins, d a t a beginning 1925 are s h o w n table 51. p . 18
in
of this i^sue. D-iM on ravf>-i yarn ^to'-:.-;, T,-.•;.: , • '• "-. ii;:\ <• b. ft' 'iu ; M u*.1-] f'.r f he- MTII1-- 'Mnn. ;"]y s h o w n , w h i c h was on basis of n u m b e r of m o n t h s 'm p p l y .
>
:
Fiffiires
boa-innin'z J a m u i r y 1930 not ^Iiown on p . M M i1^ r <ir-:r\ ^ !!'"<•.) S u r v e y will ;-.|ip".:r in a -i:>><>>qiiP!it is^ue.
§ Revised scries. D a t a revised for 1!M7; : w ' -f-l." 'At rn>.\ 20, p p . l-i and 15 of the April 1939 S u r v e y .
FRASER § D a t a for October a n d D e c e m b e r 1938, J a n u a r y , A n i l , a n d J u l y 1039 are for 5 weeks; other m o n t h s , 4 weeks.
Digitized for
55
SURVEY OK CTKItFXT BUSINESS
November 1939
Monthly statistics through December 1937, to- | 1939
gether with explanatory notes and references I
to the sources of the data may be found in the j S'.'pSep1938 Supplement to the Survey
| torn bor tember
1939
I u-
TEXTILE m
("IS
February
March
April
May
June
17,173
10, 241
6,932
31,461
25. 641
5, 820
55, 614
51, 401
4,213
August,
C\ utinued
WOOL—Continued
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
21.,vll I 13
V
4. »r
,
JJ
1 .9
J
5 374
] 0,1'34
11,820
6, 660
5,160
<
13, 608
5, 939
7, 669
55, 355
51, 247
4,109
39, 228
35, 287
3,941
28.4
6, 232
2, 665
5, 873
'2,278
30. 3
5, 753
' 2, 592
1,887
4,727
4,759
2, 087
4,710
4,387
2,243
4, 351
3, 971
2,415
5, 581
5,143
94, 506
39 019
29.458
9 561
55, 487
33, 452
22. 035
77, 333
57. 080
20,253
'123.096
r
39 602
< 31,357
•
r
8 245
83.494
63 128
20,366
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl'.
Production
pet. of capacity._
Stocks, end of month
thous. of gross..
Fur, sales by dealers
thous. of dol__
Pyroxylin-coated textiles (artificial leather):!
Orders, unfilled, end of mo..thous. linear yd...
Pyroxylin spread
_
_
thous. of lb__
Shipments, billed
.
thous. linear yd..
40. 2
5, 097
2,202
41.3
7,037
' 2, 450
4, 502
0 243
5, 807
2,196
4, 993
4,389
37.8
7,155
1,515
36. 3
7,229
1. 242
30.4
7,188
1, 524
23.0
6, 480
2, 479
39.2
6, 507
2, 900
39.2
6,607
' 3, 552
34.6
6,641
r 2,293
3,908
4, 922
4,510 I
1,917
4, 289
4, 168
2,145
4, 692
4,551
2,451
5, 270
4, 785
2, 223
5, 079
5,119
2,188
5, 402
5, 505
2, 252
4,643
4,576
25.2
6. 379
r 2, 676
r
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, totali
Commercial (licensed)
For export
number..
do
do
AUTOMOBILES
Exports:
Canada:
Assembled, total
number..
1,913
Passenger cars
do
934
United States:
Assembled, total §
do
7, 834
Passenger cars§
do
4, 493
Trucks§
do
3,341
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
35,804
Production:
Automobiles:
Canada, total
do--_
3,921
Passenger cars
do
3, 494
United States (factory sales),total do___ 188, 751
Passenger cars
d o - . . 161,025
Trucks
do.-_. 27,126
Automobile rims
thous. of rims.
Registrations:
New passenger cars
number.. 141,643
New commercial cars
do
32, 983
Sales (General Motors Corporation):
To consumers in U. S
do
50, 7S9
To dealers, total
do
67, 998
To U. S. dealers
do
47, 608
Accessories and parts, shipments:
Combined index
Jan. 1925=100_
Original equipment to vehicle manufacturers
Jan. 1925=100..
133
Accessories to wholesalers
do
94
Service parts to wholesalers
...do
173
Service equipment to wholesalers
do
106
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars, end of mo.:
Number owned
thousands _ _ 1,044
Undergoing or awaiting classified repairs
195
thousands..
12.1
Percent of total on line
Orders, unfilled
cars.. 23, 028
Locomotives end of mo.:
Undergoing or awaiting classified repairs
8.125
number..
19.0
Percent of total online
68
Orders, unfilled
number,.
(17. S. Bureau of the Census)
Locomotives:f
138
Orders, unfilled, end of mo., total-..number..
l'
.M
Domestic, total
do
92
Electric
do
42
Steam
do
246
183
63
182
128
54
204
159
45
276
174
102
208
136
72
266
152
114
352
220
132
379
270
109
475
319
156
679
530
149
3,460
2,399
2,946
1, 753
2, 747
2,406
5,024
3,835
8,499
5, 806
6,043
4,222
6, 315
4,526
2,274
1,592
5,480
4,075
6,027
4,630
4,821
3, 040
6,154
4,804
10, 888
2, 808
8,080
17, 024
10, 930
6,094
29, 043
20,172
8,871
34,978
21,322
13, 656
23,958
15,126
8,832
27, 351
16,193
11,158
30,048
17,984
12,064
27,087
16,213
10,874
25, 220
14, 430
10,790
27,087
16, 213
10, 874
19,183
8, 375
10, 808
11, 592
3,985
7,607
62, 561
29, 174
32.948
439
26, 769
62, 385
30. 344
31,613
428
61, 359
86,047
51,266
34, 260
521
126, 650
92, 452
54,933
37, 955
564
158, 289
76, 390
40,694
35, 281
415
134,150
76, 776
40, 374
35.975
427
124,021
113,847
64, 350
48,915
582
153,007
114, 696
66,064
48,014
618
150,433
133, 707
75, 304
57, 649
754
140, 284
130, 671
73,022
57,028
621
118, 268
114,481
64,003
49,932
545
96, 621
109,739
59,265
49,903
571
44, 564
57
32,124
62
30,816
44
28,509
73
27,479
44
30,649
58
29,878
83
35,331
65
34, 790
76
35, 501
90
37, 606
75
35, 527
76
38, 821
6,089
4,290
83, 534
65, 159
18, 375
819
5,774
5,412
209. 512
187, 494
18,614
14, 198
388, 346
326, 006
62, 340
1,818
14,794
11, 404
342, 156
281, 465
60, 691
1, 714
14, 300
10, 914
303. 217
243, 000
60,217
1,443
17, 549
12, 689
371,940
1,312
17,992
15, 423
372,413
320. 344
52, 069
1,723
1,730
16,891
12, 791
337, 372
273,409
63,963
1,348
15, 706
11, 585
297, 508
237, 870
59, 638
1,244
14, 515
10. 585
309, 720
246,704
63, 016
1,020
9,135
5, 112
209, 343
150, 738
58, 605
681
3, 475
1, 068
99,868
61, 384
38, 484
971
93, 269
26, 570
119,053
19, 589
200, 853
23,943
226, 673
31,474
203,212
37, 715
164,942
33, 279
248, 038
45,083
268, 335
46,063
280, 834
45, 381
243,
741
40, 482
229,308
44, 747
182, 633
43, 523
40,796
36, 335
16,469
68, 896
123, 835
92,890
131, 387
200.256
159,573
118, 888
187,909
150,005
152, 746
116,964
83,251
153, 886
115,890
142,062
182, 652
142, 743
132, 612
158,969
126, 275
129, 053
145, 786
112,868
124, 618
156, 959
124,048
102,031
100, 302
71,803
22, 018
104
133
91
136
161
91
129
133
703
72, 237
299,
r
76,120
27,064
7, 436
138
148
139
147
136
125
110
117
167
150
126
142
157
129
121
83
160
131
129
91
140
140
129
95
153
142
141
105
129
132
150
105
120
115
154
108
115
113
166
108
94
113
154
97
96
104
166
106
1, 691
1,690
1,686
1,682
1,672
1,668
1,664
1,662
1,657
1,654
1,653
1,650
231
13.8
7,459
235
14.1
5,153
233
13.9
4,335
231
14.0
5,080
225
13.7
6,637
225
13.7
6,788
214
13.0
6,502
221
13.5
6,391
231
14.2
9,261
223
13.7
10,062
229
14.0
8,448
225
13. 8
8, 754
8,075
18. 9
14
8,155
19.1
8,133
19.1
7,881
18.6
30
8,084
19.1
25
8,053
19.1
63
8,149
19.3
62
8,175
19.4
61
8,640
20.6
63
8. 382
20.1
60
8, 059
20.3
72
8, 337
20. 0
63
100
92
84
100
88
83
5
132
122
62
60
148
138
151
143
M50
r
146
84
60
122
118
17
82 |
1!
123
113
68
45 |
169
160
100
60'
46
63
11 |
v
Revised.
Preliminary.
f R e v i s e d s e r i e s . I>-ita o n p? r o n i i n - c o i t e d t e x t i l e s : M i d i-f-'iiirinir J M M J ? . ^ - ! J 3 V : to ircc'iini* figure* to? 2 small ^s?taMishments not previously reporting, and to exclude
t h o s e of o n e e s t a b l i s h m e n t n o t c u r r e n c y rej> >rtin T; t, v\ L i * f v f j l l v e a r I1.- N -lyr c;u D T r, ,4 ftv» Aj.nl VXVJ Si-j \ i \ . Data on shipments and unfilled orders, looomutives,
r e v i s e d b e g i n n i n g J a n u ' i r \ 19159 o n t i n 1 HUMS of « m o r e V'.M J I 1 O sctTt" utw :i I ' 1 t v n n i l rofi<: h I>I. otius Minwn H I and nun ing and industrial locomotives shown on [>. 56.
Q u a r t e r l y d a t a b e g i n n i n g 19-59 a r c a v i i k b l e i r o r n t i i e liMt'-'iU ni t h e ( i r.^u. f'-r 1 ' H M I
electric, I M'K'i-ii'cchai-Lieal, and gasoiine-mechanical or steam locomotives, in add i t i o n t o t h e d a t a her- 1 s h o w n >»n p -fi ^vhioh -ir:1 for t r . l l e y o r r h i r t l - r a i l HIJU h t o r c , ( an Ltery loeouu tivt»b
^ E x c l u d e m i l i t a r y u l a n o s for d o m e ^ t ' c ire
^ R e v i s e d s e r i e s . " D a t a r e v i s e d for 1937; : v o t ^ b l p 19, p . 14 of i b e A p r i l 19ru S . j n y .
f
SURVEY OF CURRENT BUSINESS
56
Monthly statistics through December 1937, to- ! 1930
gether with explanatory notes and references j ~
to the sources of the data may be found in the I Sep1938 Supplement to the Survey
I temb
November .1939
1939
1938
January
p
rnbor
ber
ber
February
March
April
May
June
July
| August
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
(17. S. Bureau of the Census)
Locomotives—Continued.!
Shipments, domestic, total
number.
Electric
do...
Steam
.
do....
Industrial electric (quarterly):
Shipments, total
do....
For mining use.._____
.do.._
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic.
Passenger cars, total
Domestic
....
18 j
IF, !
2,194
2,174
0
0
do.
.do.
(U. S. Bureau of Foreign and Domestic Commerce) \
Exports of locomotives, total§
number.-!
Electric.
___ —
...do...
Steam
do...
1,312
1,312
12
12
279
279
15
15
877
877
IS
IS
2,149
2,148
9
9
•8 I
6 I
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
69 j
til I
8 |
73
63 1
10 i
Shipments, total
number .
Domestic
do...
Exports
...do._.
WORLD SHIPBUILDING
(Quarterly)
Launched:
Number
—ships.
Tonnage
thous. gross tons.
Under construction:
Number.—------ships.
Tonnage
thous. gross_to_ns_-
89
80
3
249
247
690
719
2,859
716
2,704
CANADIAN STATISTICS
Physical volume of business:
Combined index
1928== 100
Industrial production:
Combined index..
do
Construction
do
Electric power
.
do_-._
Manufacturing
do—
Forestry
___
do —
Mining
do
Distribution:
Combined index.
._ . . di«
Carloadings
_._. .
. . '!'>
Exports (volume)
. . do
Imports (volume)
- . . «'•»
Trade e m p l o y m e n t - . .
. <'••
Agricultural marketings:
Combined index
<lo . .
Grain
-- n o . . .
Livestock
. . . --<<<'
Commodity prices:
Cost of living
d> _ .
Wholesale prices
- U" _
Employment (first of month):
Combined index
- - -- •!' Construction and mainte ) nv
-. !i(i •
Manufacturin"
..
-<
Mining
-do .
Service
- - - !"
Trade..
--- --«)'• Transportation
•''
Finance:
Banking:
Bank debits..
- T J1 'f'' 1 ' >
Commercial failures*
'* M '• i
Life insurance sales, new p< i.j fi»r •"• u'- i \ +
t! ..• •..' <J': .
Security issues and prices:
New "bond issues, total
. . !< <• >
Bond yields
' — 'vO
Common stock prices.
>J" . .
Foreign trade:
Exports, total
- ''•'•':<• '<? '
Wheat
. i ' ' , .^ •».".
Wheat flour
tt.« u-,.' f v '
Imports
ih«'"-.»f J>>
Railways:
Carloading._
. . t1 >• N , ; t- i?
Financial results:
Operating r e v e n u e s . . — . _t- «' -f "\
3
Operating expenses
... . .
>
Operating income
-^>
Operating results:
Freight carried lmile_._.
i'i i? .« f i"ns
Passengers carried 1 mile
n "1. • f i#'^s
Production:
Electrical energy, central si •uior*
Pig iron
_t3ioi.>.«»' •.),!«: t v
i^.
Steel ingots and castings
«1
Wheat flour _.._.____.__....
t1 .i- »f >* 1
* Deficit.
*New series. Data compiL-i r v • " '•'</ /'/ '
"
appear in table 54, p. 20 of thit. is v\
§ Revised series. Data rev,-\\I ! r r.<-." s^v t i^i'
fData on life insurance sales revised tejiurv.n'
subsequent issue.
ISee footnote marked with a " t " on p . 55.
114.:'
no *
J
7-t.i! ;
-4.1 |
71.5 I
r
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
226.4
109.5
120.2
219.6
123.3
48.6
235. 5
113.3
112.6
232.7
124.4
59.4
238.8
112.9
120.6
228.9
' 123. 9
53.2
235. 5
112.2
114.2
238.4
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
115.9
81.1
138.0
91.2
138.0
112.9
71.3
145.8
87.7
137.5
110. 5
76.8
145. 4
85.3
135.5
c^. 4
73.6
100 2
74 2
12A 7
112. S
206.6
52.0
4G. 3
77. 9
32.3
23.5
71.7
48.1
40,7
81.2
60.3
58.5
68.1
102.6
105. 9
87.5
40.5
33.8
70.5
76. S
76.5
78.3
83.3
73.2
83.1
73.2
83.1
73.2
83.1
73.4
83.1
73.7
82.9
73.3
83.1
72.6
108.1
96. 4
J 01. 3
106. 5
89.4
106. 0
160. 5
129. 5
131. 0
79.4
106.5
94.3
107.0
160. 9
128.5
128.9
80.3
104.9
91.6
107.1
157.4
131. 4
131.1
79.3
106.2
94.2
108.4
155. 8
133. 2
135.1
81.4
113.1
115.3
111.4
160. 5
141.8
136. 6
86. 5
115.8
133.1
111.3
164.1
147. 6
137.4
87.6
2. 512
120
2. 050
121
2.428
99
2,473
94
2,839
2,377
93
32, 244
111.7 1 120.7
183.1 i 176. S
10$. 6
132. h
1'.",. 0
121.4
118.1
114. 2
02.7 i
40.3
6 !
221.0 ! 230.0
111.3 111.1
48.4 i
226.4 I
125.3 j
133,7
121.4
: 113.0
i
j
128.3 I
UZ 0
116.7
- 3. 6
73.::
121. 1
61. 7
220. 9
113.2
107. 1
201. 4
113.2
115.6
123.4 ;
lll.c
3'2'j. 7 i
111.7
160. 4
131. 7
\ 144.8
79. 9
118. fi
101.0
Vu>
79! 1
74! 1
in. o
: i i. i\
110.1
Inl 3 |
3
120. 5
30, 434 j 30,879
33, 578
28, 229
33,657
2,831
83
35, 766
8C, 14L
01 »
100. &
139, 515
62.1
102.9
54, 657
61.9
104.1
128, 304
61.1
103.7
151, 083
63.0
96.2
210,421
62.4
99.2
112, 400
60.1
97.0
73. 633
60.1
97.3
?\ \b?
l-).^3
81, 773
7,879
62. 399
5,746
44, 2Su
43, 743
40,380
77,199
6,564
361
58, 381
56, 507
2,832
275
41,908
94, 883
13, 655
516
72,958
94, 501
14, 637
401
63,709
91, 729
13, 781
403
58, 580
27, .'.LM '
23,798
7
1
.6, 475
U.5
n;>.4 I
24. ::SJ I
57 ' '
63, »<'j |
380
291
179
215
195
196
22,921
' 1,490
25, 700
24. 333
193
25,191
22, 906
1.029
29, 680
25, 261
3,190
26,160
24, 296
601
27, 794
26,038
529
1, 871
123
1.707
122
2, 054
127
1, 957
129
2,431
134
1,819
168
2,114
186
2,387
2, 214
41
77
1.037
2, 367
41
96
1,194
2,197
46
100
1,114
2,333
58
121
1,192
2,245
53
108
1,188
160
"'. 131 I
•'Mi
i
- '
*"("•, 502
\]\i
Z'2,f'V5 1 22.923
3, ", '7 I d 382
" 101
2, K
i ^,
78
1, 098
i i t u i e - I lor
j
191
! 2.205 j 2.291
66
!
60 i
122
j 111 |
! 1,106 i 1,382
compiled by the Dominion Bureau of Statistics; data beginning January 1934
April 1 . < ^
. Ive\ ibior .s for 1938 appear on p. 56 of tho September 1939 Survey. Earlier revisions will be shown in a
U. S . G O V E R N M E N T PRINTiNG OFFICE: 1 9 3 9
INDEX TO MONTHLY BUSINESS STATISTICS
CLASSIFICATION, BY SECTIONS
Page
Monthly business statistics:
Business indexes
.
.
19
20
Commodity prices
21
Construction and real estate
23
Domestic tradeEmployment conditions and wages..
25
30
Finance
-. . _
-_.
36
Foreign trade
Transportation and communications.
37
Statistics on individual industries:
38
Chemicals and allied products
40
Electric power and gas
„
41
Foodstuffs and tobacco
45
Fuels and byproducts
46
Leather and products
47
Lumber and manufactures
Metals and manufactures:
48
Iron and steel
Nonferrous metals and prod49
ucts
_
50
Machinery and apparatus
51
Paper and printing
52
Rubber and products
53
Stone, clay, and glass products
54
Textile products
55
Transportation equipment
-_
56
Canadian statistics
CLASSIFICATION, BYJNDIVIDUAL
SERIES
Page
Abrasive paper and cloth (coated)
52
Acceptances
30
Accessories—Automobile
55
Advertising
23
Agricultural products, cash income received
from marketings of
20
Agricultural wages, loans
29, 30
Air-conditioning equipment
50
Air mail...
_
23
Airplanes. —
__.
__
38, 55
Alcohol, denatured, ethyl, methanol
38
Aluminum
49
Animal fats, greases
39
Anthracite mining
19, 26, 28,45
Apparel, wearing.
20, 24, 25, 26, 27, 28, 29, 54
Asphalt
46
Automobiles.
19, 23, 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
..
48, 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
Building materials
20, 47, 53
Building permits issued
21, 22
Butter
—.
41
Canadian statistics
56
Canal traffic
37,38
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
44,45
Civil-service employees
26
Clay products
25, 27, 28, 29, 53
Clothing.
20, 24, 25, 26, 27, 28, 29, 54
Coal
.
19, 20, 26, 28,45
Cocoa
44
Coffee
——
44
Coke
_
45
Collections, department stores
24
Commercial failures
31
Commercial paper
30
Construction:
Contracts awarded, indexes
21,22
Costs....
22
Highways
22
Wage rates
29
Copper
___.
49
Copra and coconut oil
—39
Cost-of-living index —
.
20
Cotton, raw and manufactures
20, 21, 54
Cottonseed, cake and meal, oil
39
Page
Crops
„
19,20,42,43,44,54
Currency in circulation
32
Dairy products
„
19,20,41,42
Debits, bank
30
Debt, United States Government
32
Delaware, employment, pay rolls
26, 27, 29
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.. 40, 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
38
Exports
36
Factory employment, pay rolls
25, 26, 27, 28
Fairchild's retail price index
...
20
Fares, street railways
37
Farm prices, index
20
Federal Government,
finances
32,33
Federal-aid highways
22, 29
Federal Reserve banks, condition of
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
20,25,26,28,29,41
Footwear
46, 47, 53
Foreclosures, real estate.
.
23
Foundry equipment
.
50
Freight cars (equipment)
„___
55
Freight carloadmgs, cars, indexes.,
37
Freight-car surplus
37
Fruits
.
.
20,42
Fuel equipment
50
Fuels
_
45,46
Furniture
48
Gas, customers, sales, revenues
.
41
Gas and fuel oils
„
45,46
Gasoline
„
....
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
20,34,42,43
Gypsum
.
___._
53
Hides and skins..
„
21, 46
Hogs
43
Home loan banks, loans outstanding
23
Home mortgage insurance
23
Hosiery
_.
54
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, 50
Leather....
. . . . 19, 21, 25, 26, 27, 28, 29, 46
Leather, artificial
,.
55
Linseed oil, cake, and meal
40
Livestock
19,20,43
Loans, agricultural, brokers', real estate.. 23,30, 33
Locomotives
55, 56
Looms, woolen, activity
54
Lubricants
46
Lumber
20, 25, 27, 28, 47
Machine activity, cotton, wool
54
Machine tools, orders
50
Machinery
._
25, 27, 28, 50
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
_
41,42
Minerals
_
19,26,28,45,49
Naval stores
39
Netherlands, exchange rates
32
Page
New Jersey, employment, pay rolls
26, 27
Newsprint
52
New York, employment, pay rolls, canal
traffic
26,27,37
New York Stock Exchange
35,36
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
23, 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.
32,34,35,36
Pullman Co
38
Pumps
50, 51
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
_
24
Rural general merchandise
25
Rice
42
Roofing..
-.
40
Rubber, crude, scrap, clothing, footwear,
tires
19, 20, 25, 26, 27, 28, 29, 52, 53
Savings deposits
31
Sheep and lambs
43
Shipbuilding-....
56
Shoes...
_ _ . „ _ . - 21, 25, 26, 27, 28, 29, 46, 47
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, 21, 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 products.._ 25, 27, 28, 29, 53
Sugar
_
20, 21, 44
Sulphur
38
Sulphuric acid___
38
Superphosphate
39
Tea_
.
20, 21, 44
Telephone, telegraph, cable, and radiotelegraph carriers
38
Textile products
54, 55
Tile, hollow building
_
53
Tin
_
20, 21, 50
Tobacco
19, 26, 27, 28, 29, 44, 45
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, 49
Utilities.__
32,34,35,36
Vacuum cleaners
51
Variety-store sales index
24
Vegetable oils
39,40
Vegetables
___
20, 42
Wages
.
28, 29
Warehouses, space occupied
23
Waterway traffic
37, 38
Wholesale prices
20, 21
Wire cloth
_
_
__
50
Wisconsin, employment, pay rolls, and
wages
26, 27, 29
Wood p u l p . . .
_
51
Wool
.
_
54, 55
Z i n c _-.•_19,50
List of Bulletins
Census of Manufactures: 1937
List of Bulletins
Census of Manufactures: 1937
Ammunition and related
products; Explosives; Fireworks and allied products.
Asbestos products; Steam
and other packing; Gypsum products; Wallboard
and plaster; Roofing and
roof coatings.
•Fabricated textile products other than wearing
apparel; Embroideries, trimmings, and stamped art
goods; Window shades and
fixtures.
•Fertilizers; Paints, pigments, and varnishes; Bone
black, carbon black, and
lampblack; Printing ink;
Writing ink.
Beauty-shop
equipment;
Dentists' equipment; Instruments and apparatus;
Optical goods; Photographic
and projection apparatus;
Surgical and orthopedic
appliances.
Beet Sugar; Cane-sugar
production; Cane-sugar refining; Corn sirup, corn
sugar, corn oil, and starch.
Beverages, nonalcoholic;
Distilled liquors; Malt liquors; Vinous liquors; Rectified or blended liquors;
Malt.
•Blast-furnace
products;
Steel-works and Rollingmills; Tin plate and Terneplate; Bolts, nuts, washers,
and rivets; Forgings, iron
and steel; Nails and spikes;
Steel springs; Wire.
Wirework; Wrought pipe;
Screw-machine
products
and wood screws.
Boiler shop products; Steel
barrels, kegs, and drums;
Structural and ornamental
metal work; Metal doors,
shutters, and window sash;
Safes and vaults.
Cars, electric and steam
railroad; Locomotives, railroad, mining, and industrial; Ship and boat building.
Cement; Lime; Marble,
granite, etc., cut and
shaped; Statuary and art
goods.
*Clay-products industries;
Nonclay refractories; Concrete products; Sand-lime
brick; China firing and
decorating, not done in
potteries.
•Cotton
manufactures;
Rayon and silk manufactures; Dyeing and finishing.
•Cranes and dredging, excavating and road-building
machinery; Machine-shop
products; Printers' machinery and equipment;
Textile machinery and
parts; Machinery not elsewhere classified.
Electrical machinery, apparatus, and supplies; Radios,
radio tubes, and phonographs.
Engines, turbines, water
wheels, and windmills;
Pumps and pumping equipment, and air compressors;
Agricultural implements.
Flour and other grain-mill
products; Cereal preparations; Prepared feeds; Rice
cleaning and polishing.
Separate Pamphlets
5c each
unless otherwise stated
Presenting Statistical Reports of
MANUFACTURING INDUSTRIES: 1937
THESE BULLETINS in addition to 28 others not listed here present the following
statistics for most of the industries recognized by the Census classification, for
the Census of Manufactures, 1937:
Foundry products; Castiron pipe and fittings.
Glass; Graphite; Ground
minerals and earths; Mirrors and other glass products; Abrasives.
Glue and gelatin; Grease
and tallow; Mucilage, paste,
and other adhesives; Cottonseed oil, cake, and meal;
Linseed oil, cake, and meal;
Essential oils; Miscellaneous oils; Insecticides and
other chemical compounds.
Hardware; Cutlery and
edge tools; Files; Saws;
Tools, not including edge
tools; Firearms.
(1) Comparative statistics for several census periods of establishments, personnel, cost of materials
and supplies, fuel and purchased electric energy, value of products, and value added by manufacture
for the United States as a whole.
(2) Similar statistics for individual States for 1937.
(3) Wage earner employment by States for each month of 1937.
(4) Detailed statistics showing products by kind, quantity, and value comparative!}' for several
census years.
(5) Value of inventories of materials and finished products, and value of products.
•The lumber industries—
Lumber and timber products; Planing-mill products.
Machine tools; Machinetool accessories.
**The industry reports, the two series of State reports, a series of reports for
33 industrial areas, and the general summaries previously issued in multilithed
form (listed below) will be embodied in the volume, Biennial Census of
Manufactures, 1937, Part I:
*Meat packing; Sausage
and sausage casings; Poultry dressing and packing;
Oleomargarine; Shortenings
and cooking and salad oils.
Summary by industries . . . Summary for geographic divisions and States . . . Relative importance
of leading industries . . . Personnel other than wage earners and salaries paid . . . Officers and
employees of central administrative offices . . . Monthly employment of wage earners . . . Cost of
materials and containers, fuel, purchased electric energy, and contract work . . . Consumption of
fuel and purchased electric energy . . . General statistics for industrial areas: 1937, 1935, and
1929 . . . Summary, by industries, for each of the 48 States, the District of Columbia, and for 33
major industrial areas . . . Summary for cities of 10,000 inhabitants or more and for counties, for
each of the 48 States.
Motor vehicles; Mator-vehicle bodies and motor-ve
hide parts; Motorcycles
and bicycles; Aircraft; Carriages, wagons, sleighs, and
s^eds.
Summaries by industries for cities having over 25,000 inhabitants and statistics
for inventories previously published in multilithed form (listed below) have
been embodied in the volume, Biennial Census of Manufactures, 1937, Part II:
Price 60 cents:
(1) Summary for cities having 25,000 inhabitants or more, by industries.
(2) Summary of inventories in the hands of manufacturers at the beginning and end of the year,
by industries.
(3) Summary of inventories in the hands of manufacturers at the beginning and end of the year,
by States.
**The multilithed copies listed are available and will be sent free of charge
upon request addressed The Director of the Census, Washington, D. C. Part
I of the Volume will be available for sale at the Government Printing Office
during the latter part of this year.
UNITED STATES DEPARTMENT OF COMMERCE
Harry L. Hopkins, Secretary
BUREAU OF THE CENSUS
William Lane Austin, Director
Copies of the above publications may be obtained, at the prices stated, from the
Superintendent of Documents, Government Printing Office, Washington, D. C.
Full remittance, by check or money order, payable to the Superintendent of
Documents, should accompany all orders.
Nonferrous-metal
alloys;
Non ferrous-metal products,
except aluminum, not elsewhere classified; Smelting
and refining, nonferrous
metals other than gold,
silver, and platinum, not
from the ore; Smelting and
refining, copper, lead, and
zinc; Aluminum products.
•Paper and allied products;
Pulp; Paper; Converted
paper products.
Petroleum refining; Cokeoven products; Lubricating
oils and greases, not made
in petroleum refineries;
Fuel briquets.
The rubber industries—
Rubber tires and inner
tubes; Rubber boots and
shoes; Other rubber goods.
•Wool and hair manufactures; Carpets and rugs;
Felt goods; Waste and
related products.
•Price 10 cents.
@FedFRASER