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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , AUGUST 1, 1940
SUMMARY OF BUSINESS TRENDS
volume of industrial production in July did not have its
usual first month of summer set-back. Actual output was
tout equal to that of the previous month so that there was an
>ance on a seasonally adjusted basis. The only major excep)D was automobile production which dwindled during July as
e industry prepared to change over to the new models.
Steel-ingot production, scheduled at 90.4 percent of capacity
r the week ended August 3, again set the pace for industry
- maintaining output at above the year's record. Electric
•wer distributed in the third week in July exceeded 2.5 million
lowatt hours, approximating the January average and lifting
e adjusted weekly index to the highest point of the year.
;her developments during the week ended July 20 were mixed.
>tton consumption fell slightly though for July as a whole a
ntraseasonal gain is indicated. Bituminous coal production
clined against the usual seasonal, output for the month to date
ing about the June rate on an adjusted basis.
Factory employment and pay-roll data now available for June
sclose broad gains in the nondurable goods industries as well
in the heavy industries. While the latter showed improve-
ment as early as May, the decline in employment in the"rftmmirable field, which began to recede in December one month prior
to the decline in durable goods, continued through May. How
generalized the trend in employment was is further indicated by
the fact that, on a seasonally adjusted basis, virtually every
major industry registered a gain, with lumber, automobile, and
tire manufacturing off only moderately. The adjusted index of
factory employment for June stands at 100.5 against 99.2 in May
and April, and 104.5 in December (1923-25 = 100). The unadjusted index of factory pay-rolls advanced to 97.9 from 96.3
in May and April, for the first rise this year, with the heavy
industries showing the larger upward movement. (See chart
below.)
While cash income from farm marketings declined in June,
nonagricultural income continued rising to increase total income
payments to about $6,200 million, as compared with the May
total of S5,651 million, for a greater-than-seasonal advance.
The adjusted index of income payments moved upward to 87.9
in June (1929 = 100) against 87.2 in May and 89.5 in December
and January. (See chart below.)
SELECTED BUSINESS INDICATORS
ELECTRIC POWER
STEEL INGOT PRODUCTION
FREIGHT CAR LOADINGS
PRODUCTION
(THOUSANDS OF CARS)
(BILLIONS OF KILOWATT HOURS)
(PERCENT OF CAPACITY)
100
80
60
4-0
Xs—
/938
20
i
O
•
BITUMINOUS
AUTOMOBILE PRODUCTION
"
(INDEX/ 1926 E IQO)
(AUG. 1939 * 100)
t
(BILLIONS OF DOLLARS)
PRICES OF 3 5 0 INDUSTRIAL STOCKS
PRICE INDEX OF 28 BASIC COMMODITIES
j
COMMERCIAL LOANS
COAL PRODUCTION
(DAILY AVERAGE - THOUSANDS OF TONS)
(THOUSANDS OF VEHICLES)
i , .I , . t • .I , , i , ,1 , ,i , , I , ,
1938
1939
INCOME PAYMENTS
1940
1937
w
1938
1939
1940
FACTORY EMPLOYMENT & PAYROLLS
(1923 - 25 -100)
(SEASONALLY ADJUSTED 1 9 2 9 = 1 0 0 )
too
MONTHLY DATA
95
90
85
S^
80
75
70
v .t . . I . . 1 .,
1937
_^—
., ? . . i . . i . ,
1938
24S1M-I0
1939
. , » , , i , , i , .
1940
1937
1938
1939
1940
WEEKLY BUSINESS INDICATORS •
[Weekly average, 1923-1925=100]
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (813)
F a r m produots (67)
Food (122)
All other (624)
Fisher's index, 1926=100:
Combined index (131)
Copper, electrolytic*..
Cotton, middling, spot
Construction contracts*
Distribution: Carloadings
Employment: Detroit, factory
Finance—Continued.
Banking:
Debits, outside N . Y. C.t____
Federal Reserve reporting
member banks:
Loans, total •.
Interest rates:
Call loansX
....
Time loanst
Currency in circulation?
Production:
Automobiles
Bituminous coalf
Cotton consumption?
Electric powerf
Lumber
Petroleum^
Steel ingots®
Receipts, primary markets:
Cattle and calves
Hogs
Cotton
Wheat
101.1 100.4 100.4 103.2 91.2 90.6 81.0 80.9
110.7 112.2 113.5 113.1 95.2 93.6 75.2 74.2
127.2 125.9 125.9 105.1 101.9 84.0 82.8
77.6
67.3
70.4,
82.4
77.9
68.0
71.0
82.4
77.5
66.7
70.4
82.4
77.1
65.7
69.7
82.3
75.2 78.6 78.7
62.2 m.o 69.3
67.5 74.1 74.3
80.4
81.6 81.6
81.6 81.8 82.5 82.2 82.1 78.6 78.5 81.6 81.5
75.4 76.8 76.8 78.3 79.0 72.5 72.5 70.3
38.2 38.6 39.3 39.3 40.8 35.3 34.6 32.0
76.6 77.7
75.0
1938
July July July July Jun< July July July July
27. 20 . 13
6 29 29 22 30 23
July July July July June July July July July
23
13
29 29 22 30
27
20
Business activity:
New York Time
Barron'sc?
Business Week
1939
1940
1938
1939
1940
74.8
61.4
66.7
SO. 4
100.1 73.7 83.5 78.7 54.0
66.9 79.0 69.3 68.4 61.8 61.0
47.8
96.0 59.5
Finance:
Bond yields t-.
Stock prices!-.
61.7 61.7 62.0 62.4
92.3 92.8 105.6 105.1
92.5 92.8
• D a t a do not cover calendar weeks in all cases.
§Computed normal=100.
^Seasonally adjusted.
©Index for week ended Aug. 3 is 155.0.
91.7 102.2 90.8 113.6 90.2 85.8 9 M
75.5
88.4
68.1 67.7 67.7 67.5 65.6 64.9 65.3 65.7
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
161.8 162.1 162.5 163.1 160.8 144.6 144. 7 132.5 132. 6
67.4 82.9 66.1 111.4 58.9 67.6 40.6 44.0
76.3 81.2 84/ 79.6 72.6
58.8 57.9
131. 8 130.9 127. 2 124. 9 124. 5 110. 2 112.1
151.5 149.0 136.0 150.9 140.6 137.8 125. 7 125. 2
56.3 46.0 35.1 44.9 59.4
50.8 44.2
177. 5 176. 6 178.6 180.5 175.5 177.7 164.4 166.1
151.3 148.9 148.2 127.3 148.3 104.1
62.5 61.4
44.3
71.8 72.2
40.2 47.5
22.3 24.6 26.2
248.7 337.6 390.9
54.4
34.7
21.9
263.2
61.0
70.7
73.9
50.6 37.4 39.0
34.2
37.7 44.2 45.8 34.6 26.5
62.9 148.6 296.8 235.3 285.2
tDaily average.
t Weekly average, 1928-30=100.
d"For description of these indexes, see p . 4 of the Dec. 16,1937 issue.
WEEKLY BUSINESS STATISTICS
1940
July 27
July 20
July 13
0.104
.104
2.23
37.53
0.106
.105
2.23
37.57
.68
0.106
.107
2.24
37.68
.70
3,347
4 t 255
3,380
4,737
2,491
2.450
13,565
6,570
1939
July 6
1938
1937
June 29
June 22
July 29
July 22
July 30
July 23
0.108
.107
2.24
37.72
.72
0.109
.111
2.20
37.76
.75
0.112
.111
2.18
37.80
.76
0.100
.096
2.14
35.87
.62
0.100
.094
2.14
35.86
.65
0.097
.087
2.47
36.43
0.095
.088
2.46
36.30
.70
0.138
.112
2.88
40.27
1.17
2,144
3,509
3,946
5 268
2,887
4,179
4,788
3,296
3,977
2,745
4,224
2,871
3,503
3,431
4,096
3,536
4,207
2,501
2,*50
13,863
6,882
2,491
2,450
13,764
6,833
2,503
2,450
13,737
6,812
2,511
2.473
13, 723
6,801
2,539
2,473
13,712
6,767
2,512
2,488
10,436
4,4S5
2,537
2,515
10,412
4,485
2,583
2,564
8,188
3,036
2,585
2,564
S,202
3,039
2,560
2,526
6,776
813
20,984
5,314
15,433
9,452
20,932
5,316
15,226
9,229
20,824
5.321
15,222
20,510
5,331
15,124
9,202
20,681
5,312
15,146
9,202
20,-195
5.306
16,152
9,226
17,601
5,237
13,941
8,514
17,387
5,223
13,909
8,505
15,100
5,200
12,395
7,659
15,127
5.208
12,410
7,696
15.033
5,268
12,499
8,283
2,419
8,514
2,415
8,517
2,416
8,461
2,405
8,462
2,408
8,435
2,400
8,444
2,168
8,194
2,159
8,116
1,640
8,161
1,622
8,208
1,188
9,784
4,462
1.00
1.25
4,464
1.00
1.25
4,447
1.00
1.25
1.00
1.25
4,399
1.00
1.25
4,387
1.00
1.25
1.00
1.25
3,893
1.00
1.25
1.00
1.25
3,878
1.00
1.25
4,425
1.00
1.25
« 3,852
233
7,857
* 3.828
288
7,874
• 3.727
261
7,890
* 3.791
259
7,918
« 3.793
286
7,809
* 3.616
296
7,752
4.681
291
7,020
4.682
251
7,029
4.920
4.920
4.977
6,436
6,439
6,445
18,240
3.56
1,275
89.79
75.8
87.0
79.7
24.3
23,730
3.56
1, 635
90.16
76.8
88.1
80.6
24.6
24,010
18,400
3.60
3.58
1,385
1.527
89.61
89.69
75.6
76.0
86.5
. 87.0
80.0
80.2
24.4
24.3
24,370
3.64
3,585
90.12
74.2
85.2
78.1
23.4
25,900
3.70
3,611
90.82
76.3
88.3
77.4
23.9
31,350
3.63
5,063
102.59
89.9
104.9
88.5
27.4
36, 710
3.65
7,538
102.06
88.8
104.1
86.1
26. S
40,000
4.11
7,961
100.37
88.9
106.9
75.5
27.9
50,230
4.15
10,819
100.89
90.7
108.6
77.8
29.4
32,870
3.87
4,117
132.85
120.3
142.2
99.8
51.9
34,822
53,020
1,300
2,524
3,5t>0
86.8
65,176
1,382
2,483
3,561
86.4
51,975
1,442
2,265
3,602
74.2
87, 550
1,355
2,514
3,640
86.5
16,068
90,060
1,328
2,509
3,846
87.7
11,928
46,329
1,236
2,342
3,539
60.6
11,838
53,128
1,188
2,295
3,584
56.4
13,401
31,890
1,002
2,094
3,316
37.0
12,643
86,403
34,570
. 986 1,306
2,256
2,085
3,592
3,349
84.3
36.4
8,665
14,392
729,897
131,436
34,315
52,590
10,568
147,933
70,866
282,189
740,465
137,350
31,615
56,015
11,644
146,960
69,631
287,250
113,711
25,038
47,586
8,876
127,240
65,690
248,760
752,326
134,356
35,884
44, 778
11,041
149,432
67,438
309,397
728,096
133,864
34,237
33,656
10,553
148,782
68,209
298,795
659,764
123,739
32,451
40,822
11,591
152,324
43,564
255,273
651,665
113,363
32,522
46,389
11,574
152,310
42,5%
252,911
58S,697
104,152
27,870
50,706
10.829
147,92S
23,123
224,089
580,818
97,462
26,764
53,341
11,201
146,219
22,105
223,726
779,091
128,823
42,526
51,255
11,269
166,975
73.679
304,564
227
261
64
26,854
228
308
68
31,090
172
225
57
20,936
193
329
98
5,005
185
327
86
2,487
221
243
115
11,819
223
253
119
23,610
228
243
90
18,717
234
222
69
22,691
248
145
94
24,839
July 31
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New Yorkt
dol. perlb.
Cotton, middling, spot, New York..
.
do._.
Food index (Bradstreft'8)
....do...
Iron a n d steel, composite
dol. per tonWheat, N o . 2, H a r d Winter (Kansas City).dol. per b u .
FINANCE
Banking:
Debits, New York City.
mil. of dol_
Debits, outside New York City (140 cities)
do...
Federal Reserve banks:
Reserve bank credit, total
_do._.
IT. S. Government securities
..do...
Member bank reserve balances
,
_do__
Excess reserves, estimated...
.do...
Federal Reserve reporting member banks:
Deposits, demand, adjusted...
do-..
Deposits, time
do...
Investments, total§
do...
U. S. Government direct obligations
do.._
Obligations fully guaranteed by U. S. Government
mil. of dol.
Loans, total§
.:
do...
Cornmercial, industrial, and agricultural loans§
mil. of dol.
Interest rates, call loanst
percent.
Interest rates, time loans J
.
do...
Exchange rates:
Pound sterling}:
dollars.
Failures, commercial
.
numberCurrency in circulation!.
mil. of dol.
Security markets:
Bond sales (Ar. Y. S, E.) ...thous. of dol. par value..
Bond yields (Moody* $) (120 bonds)%
percent..
Stock sales (N. Y. S. E.).
thous. of shares...
Stock prices (N. Y. Times)t
dol. per share..
Stock prieos (Standard Statistics) (420)
1926=100..
Industrials (350)
..do....
Public utilities (40)
do....
Railroads (30)
.
do
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobilesi
number..
Bituminous coalX
thous. of short t o n s . .
Electric power
mil. of kw.-hr_.
Petroleum}
..thous. of b b l . .
Steel ingots®
pet. of capacity..
Construction-contract a w a r d s * . .
. . t h o u s . of dol..
Distribution:
Freight-car loadings, t o t a l . - .
.cars..
Coal and coke
do...
Forest products
do...
Grains a n d grain products
do.-.
.Livestock
.
._
_
do...
Merchandise, 1. c. 1
do...
Ore
do...
Miscellaneous
do...
Receipts:
Cattle a n d calves
thousands..
Hogs
_
do .
Cotton into s i g h t . . .
:
thous. of b a l e s . .
Wheat, at primary markets
thous. of b u . .
88.2
58
19,787
g R a t e for week ended Aug. 3 is 90.4.
{Daily average.
«Data do not cover calendar weeks in all cases.
ISource: Ward's Automotive Reports.
fData for 1939 and 1940 not strictly comparable with data for earlier years; see note on corresponding data on p. 30 of April 1939 SURVEY.
* Free rate.
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1937 together with explanatory notes and references
to the sources of the data, may be found in the
1933 Supplement to the Survey
BUSINESS INDEXES
Page 6
Income payments: t
Adjusted index.
1929=100..
Total
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..
DOMESTIC TRADE
Pages 26, 30
Postal business:
Money orders:
Domestic, issued (50 cities):
Number..
,...
_. thousands-.
Value
thous. of dol_.
Domestic, paid (60 cities):
Number.—
..thousands..
Value
thous. of dol..
Retail trade:
Rural sales of general merchandise:
Total U. S., unadjusted
1920-31 = !00..
Middle West
....do
East
do
South
do
Far West
do
Total U. 8., adjustedf
do
Middle Westt—
do- —
Eastt
do
South t
_do---Far Westt
do---
1940
June
1939
June
July
August
1940
October
™
January
F
jJy U "
March
April
May
P87.9
P6,202
84.1
5,918
83.7
5,695
85.4
5,400
6,010
88.0
6,195
88.5
5,804
89.5
89.5
6,067
88.4
5,567
87.1
5,938
86.7
5,913
P86.8
82.8
3,665
1,281
874
815
530
165
85
82.8
3,516
1,271
868
810
422
145
85
84.0
3,560
1,318
871
813
423
135
87
84.5
3,692
1,357
892
821
507
115
87
86.6
3,858
1,434
922
835
539
128
88
87.3
3,834
1,421
911
839
531
132
87
87.7
3,878
1,413
942
851
534
138
87
87.2
3,723
1,337
892
837
519
138
94
86.0
3,691
1,324
873
831
520
143
95
85.6
3,733
1,334
896
829
523
151
94
85.1
3,728
1,336
888
827
530
147
92
1,125
' 5,184
v 3,823
v 1,400
P910
P841
J>546
P126
P87
'87.2
'5,651
'85.9
3,794
1,374
905
835
538
142
r
r
» 161
* 1,022
v 1,109
v 5,749
145
920
136
849
145
451
135
805
128
783
129
496
132
1,514
143
855
148
455
150
827
1,103
5,453
1,109
5,222
1,157
4,887
1,291
5,364
1,338
5,510
1,258
5,217
1,277
6,306
1,252
5,518
1,178
5,081
1,134
5,486
146
8C8
1,139
5,414
*90.0
85.4
85.5
86.7
87.0
88.8
89.5
88.8
88.4
87.7
'88.7
4,151
38,218
4,170
38,165
3,907
36,858
3,906
37,098
3,907
37,262
4,288
39, 723
4,150
38,553
4,554
41,190
4,702
41,876
4,246
39,065
4,664
42,937
4,503
41, 548
4,309
40, 028
13,138
97,435
13,918
101,345
12,142
91,709
13,130
12,624
97,376
14,152
109,016
14,385
108,449
15,285
111, 851
13,608
100,455
12,945
95,124
125.5
116.4
133.1
132.6
146.7
137.7
123.3
145.0
164.9
153.9
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
132.6
116.3
126.4
165.6
162.3
125.4
113.5
128.6
150.0
138.7
160.3
143.9
155.4
215.4
166.5
123.4
113.3
120.7
145.4
138.7
159.7
142.8
167.0
208.2
164.7
122.7
108.9
129.5
151.6
135.8
211.7
190.1
229.2
236.4
242.8
132.4
121.9
137.7
157.4
148.8
102.3
96.6
99.2
120.7
108.4
134.5
126.3
130.6
152.6
147.5
107.0
96.8
106.0
136.9
114.8
132.3
121.8
129.6
150.1
155.1
161
'482
14,373 13,624 13,928
106,197 100, 793 103,120
119.9
110.9
120.0
151.6
120.2
136.6
125.1
133.6
167.9
146.0
115.3
105.1
115.2
134.4
127.0
125.4
112.5
120.8
152.5
142.2
122.8
114.0
126.3
135. S
138.4
133.8
120.4
137.3
160.1
153.9
EMPLOYMENT CONDITIONS AND
WAGES
. -. Pages 31,52,.33-35,.37,40, .41, 43.44
Employment:
Factory, unadjusted (U. S. Department of
99.6
99.0
104.1
100.8
101.4
100.2
93.5
101.4
96.3
93.4
99.7
103.8
103.6
Labor)t
1923-25=100..
96.0
••96.5
96.4
100.0
96.6
97.4
89.8
83.0
97.5
98.2
96.1
83.9
84.6
Durable goods
do
101.5
103.0
108.0
106.1
105.3
101.8
109.2
110.2
103.5
108.1
101.8
110.8
Nondurable goods
..do
' 105. 1
99.2
104.5
99.2
102.1
103.9
100.5
103.4
97.5
95.3
101.2
95.9
94.3
Factory, adjusted (Federal Reserve)f...do
100.4
'95.2
100.0
97.4
95.0
99.7
96.7
97.3
94.6
88.9
84.7
85.3
83.9
Durable goods
do
95.9
103.1
108.9 '107.9
106.6
104.1
103.3
109.2
107.6
105.7
105.9
105.3
104.2
Nondurable goods
_,do
104.8
Nonmanufacturing, unadjusted (17.-S. Department of Labor):
Mining:
52.2
51.6
52.6
52.0
51.5
51.0
51.3
51.9
51.2
'50.2
49.4
44.7
48.5
Anthracite
1929=100.
84.9
' 86.2
89.7
91.7
91.8
92.6
94.9
93.0
78.3
83.7
85.4
79.4
81.4
Bituminous
do
69.2
•-67.7
66.2
66.3
66.4
67.3
66.5
65.3
61.6
70.4
62.9
60.4
60.4
Metalliferous
do
63.1
'63.1
'63.2
63.0
63.2
63.8
63.8
64.3
67.0
63.8
65.0
67.3
66.7
Petroleum, crude, producing
do
47.1
'44.5
41.0
38.3
37.8
44.0
47.1
48.0
47.3
47.7
47.9
47.5
48.1
Quarrying and nonmetallic.. _ do
Public utilities:
90.6
90.3
89.3
89.2
89.1
90.1
90.3
90.4
90.6
90.6
90.0
89.2
91.3
Electric light and powerf
do
68.4
••68.3
68.2
68.7
68.8
69.0
69.3
69.2
69.5
69.2
69.3
68.6
69.1
Street railways and busses f
do
77.3
'76.7
76.0
75.9
76.1
75.8
76.1
76.4
76.6
76.4
77.9
76.5
76.5
Telephone and telegraph t__ [.."do
Trade:
91.2
'89.8
87.0
104.2
91.1
87.7
93.3
90.5
87.2
91,5
91.7
89.4
86.3
Retail, totalt
do
' 89 3
88.7
90.2
92.2
90.6
90.5
92.1
89.3
92.4
89.0
87.9
88.1
Wholesale
. . . do
'90.5
Payrolls:
Factory, unadjusted (U. S. Department of
96.3
98.2
97.8
103.7
98.3
101.6
101.6
86.5
97.9
89.7
84.4
Labor)t
1923-25=100..
97.12"
wrr
•E299.-687.8
100.1
-81.-*80. 7
-76.0
Durable goods
„__
_&o
'95.4
94.9
'99.0
99.1
102.8
98.4
102.4
103.9
100.5
95.5
99.0
93.0
93.7
Nondurable goods
" do
Nonmanufacturing, unadjusted (17. S. Department of Labor):
Mining:
36.3
40.0
32.9
38.4
26.6
52.5
42.0
52.2
40.1
25.2
40.6
33.8
30.1
Anthracite
1929=100..
'72.2
75.8
78.3
87.0
84.3
87.0
96.3
97.6
80.2
64.5
74.0
74.6
66.5
Bituminous coal
_
_,do
'63.5
65.9
63.2
64.2
65.0
63.6
63.9
63.4
55.1
48.5
66.8
53.0
53.8
Metalliferous
-Ido---'59.0
58.4
59.0
59.0
59.2
58.4
59.6
58.8
60.8
61.9
58.7
62.0
62.5
Petroleum, crude, producing
_.do- —
'3S.1
34.1
42.9
30.8
39.2
29.6
42.9
45.6
42.7
40.9
43.3
42.9
41.7
Quarrying and n o n m e t a l l i c . do —
Public utilities:
104.5
102.3 ' 100.3
102.2
101.6
102.4
102.5
102.2
102.0
102.2
105.1
101.2
101.1
Electric light and powert
do---69.3
'69.2
69.5
71.5
69.0
69.8
69.4
69.2
71.2
69.8
70.0
70.0
69.4
Street railways and bussesf
do
98.5
'98.7
98.1
96.9
97.4
97.4
96.4
97.2
96.9
96.3
96.6
98.9
95.7
Telephone and telegrapht-..
do--Trade:
83.4
82.3
82.0
79.1
80.8
-91.8
83.6
83.2
80.9
84.4
78.0
79.5
81.1
Retail totalt
do
77.2
••77.4
77.8
77.1
77.2
79.1
79.0
78.0
80.3
77.9
76.2
75.8
75.8
Wholesale
.do
FINANCE
Pago 60
Life insurance:
26S, S66 266,430
Premium collections, total.._. thous. of dol., 256, HOS 268,472 248,077 244,706 234,418 238,492 247,397 355,983 286,934 263,077 277,439 26S,Sfi6
23,412 50,082 42,185 25,562 27,243 24,971 24,750
Annuities
. . . . _ . d o - . - . 25,475 25,496 27,712 23,472
18.248 20,879
12,239 12,583
12,451 12,960
15,848
Group
1~."_...do.... 11,594
11,528 10,497
11,292 11,320
10,781 10,854
13,270
62,337 69,543 57,252
Industrial
.._.do._.. 57,112 61,255 55,554 54,271" 59,970
57,055 52,800 106,662 63,512 56.154
Ordinary
'
d o . . . . 162,420 170,193 154,314 155,671 144,880 149,777 160,331 185,969 165,389 168,910 174, S9i 162,113 171,845
r
Revised, p Preliminary.
t Revised series. For revised income payments beginning 1929, see table 41, pp. 15 and 10 of the October 1939 SURVEY; for revised data on factory employment, unadjusted and adjusted, and pay rolls, unadjusted, see footnote marked "f" on p . 33 of the July 1040 SURVEY. The indicated nonmanufacturing employment find pay-roll series
have been revised beginning 192y, except the telephone and telegraph series for which revisions began in 1932, see table 19, p. 17, of the April 1940 SURVEY. Subsequent
revisions in employment on street railways and busses beginning 1932, superseding those shown in table 19, p . 17, of the April 1940 SURVEY, appear in table 27, p. 17 of the
May 1940 issue.
MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics through December 1937 together with explanatory notes and references
to the sources of the data, may be found in the
1938 Supplement to the Survey
1940
June
1939
June
FOREIGN TRADE
Pages 79, 80, 82, 83
Indexes:
Exports:
92
Total value, unadjusted
1923-25=100.104
Total value, adjusted
do
70
U. S. merchandise, unadjusted;
136
101
Quantity
do
63
92
Value
do
62
68
Unit value_
do
Imports:
65
55
Total value, unadjusted
do
58
Total value, adjusted
_~_do . . .
Value:
Exports, including reexports.. .thous. of doL.. 3.50,458 236,058
211,390 178,953
General imports, total
do
205,397 178,405
Imports for consumption, total.
do
July
August
1940
ber
ber
66
72
76
72
87
72
61
62
108
67
62
117
76
65
131
87
66
52
57
54
57
229,628
168,925
170,451
250,839 288,573
175,756 181,461
180,379 199,483
January
"
97
91
97
95
91
100
140
96
69
138
96
70
130
91
70
ber
I
March
April
May
85
90
80
91
123
85
60
124
85
76
75
62
74
62
77
332,079 292,582 367,819 368,534 346,779 352,272 324,008
215,281 235,402 246,903 241,897 199,775 216,732 212,240
207,140 214,454 232,738 234,634 159,324 20f>, 719 202,974
65
64
67
65
77
67
73
73
132
93
70
325,306
211,382
203,702
METALS AND MANUFACTURES
Pages 131,132,134,135
Pier iron and iron manufactures:
Castings, malleable:
Orders, new
short tons.. 36,503 29,041 29,892 40,005 64,732 63,835 51,778 45,978 40,438 34,901 35, 730 35,290 35,563
Production
do..,. 34,700 30,781 28,836 40,212 41,427 54,263 59,143 53,663 63,372 42,163 39,831 40,529 37,511
6G.3
50.5
47.9
42.7
65.2
69.6
35.3
37.0
45.2
48.7
51.7
64.2
Percent of capacity...:
50.1
Shipments
short tons^. 33.323 32,566 26,169 33,289 39,215 49, S07 54,038 53, 753 52,088 43,935 42,975 41,975 40,919
Boilers range, galvanized:
Orders:
New.
number of boilers.. 75,427 59, 277 53,914 66,082 133,384 98,692 80, 265 72, 3S0 69.407 55,026 55,339 51,062 72,725
31,158 16, 245 19,671 16,694 61,494 51,226 48,999 44, 213 36,0S6 24,532 19,1G1 18,507 23,048
Unfilled, end of month, total
__do
70,452 62,996 47,894 69,656 86,069 110,9SS 84,181 81, 252 79, 565 66,039 59, 319 51,012 68,816
Production
__do
88,584 108,960 82, 492 77,166 77, 534 66,580 60,710 51,716 68,184
67,317 63,670 50,488
Shipments
__do
37,925 31,472 28,878 29,475 26,960 28,988 30, 677 34,763 36,794 36,253 34,862 34,158 34,790
Stocks, end of month...
do
Steel, manufactured products:
Barrels and drums, steel, heavy type:
Orders, unfilled, end of month
number.. 376,681 208,000 235,772 247,729 771,714 1,147,918 966,519 767,591 450,032 335,183 213,081 235,485 291,764
1,097,836 861,102 750,276 851,087 1,203,820 1,612,384 1,636.273 1,468,963 1,137,543 802,960 851,912 951,480 930,319
Production
do
52.3
47.9
92.3
52.2
61.7
82.9
46.0
53.5
45.1
64.0
92.4
73.8
52.8
Percent of capacity
S53,564 949,054 916,285
Shipments
number.^ 1,101,901 850,513 756,890 849,697 1,207,335 1,576,690 1,653,078 1,457,472 1,158,345
34,331 36,807 '50,841
66,586 49,781 61,251
46,776 39,639 33,025 34,407
41,708
Stocks, end of month
do
Boilers, steel, new orders:
1,740
554
802
1,089
1,752
761
558
534
878
772
1,032
1,066
Area
thous. of sq. ft..
411
997
987
526
1,380
1,175
489
477
659
1,098
Quantity
..number..
Furniture, steel:
Office furniture:
Orders:
2,119
2,219
2,367
2,095
2,236
2,097
2,200
2,181
2,097
1,932
1,855
2,120
1,774
New
_._
thous. of dol..
1,186
1,169
1,350
1,247
1,365
1,262
958
1,286
1,334
1,285
1,179
1,361
Unfilled, end of month
do
1,299
2,102
2,150
2,008
2,264
2,160
1,932
2,160
2,424
2,264
2,048
1,596
1,745
2,187
Shipments
do
Shelving:
Orders:
547
421
411
594
494
475
481
504
540
668
526
425
New
__
do
407
472
447
494
266
363
368
444
443
335
511
263
293
291
Unfilled, end of month
do
534
510
522
552
479
550
456
418
499
493
440
366
460
Shipments
_
do
RUBBER PRODUCTS
Page 149
Pneumatic casings:
5,392
5,415
5,076
4,954
5,511
5,127
5,106
5,007
4,888
4,595
4,976
4,469
4,865
Production!
thousands..
5,161
5,720
5,658
4,990
6,719
5,010
4,112
4,270
5,849
4,346
5,143
4,727
4,278
1,788
Shipments, totaltdo._.~
599
1,926
1,999
2,095
1,974
1,219
1,369
1,805
2,050
794
2,613
1,854
3,226
Original equipment*
do
4,697
2,827
2,037
4,367
4,294
4,289
2,360
2,203
4,264
1,979
2,276
36
146
Replacement equipment*
do
96
87
101
113
103
146
105
93
85
135
148
8,382
Exports*
do—.
8,985
10,124 10,747 10,881
8,632
10,576
8,080
8,691
9,348
8,103
8,665
8,918
Stocks, end of montht--.do
Inner tubes:
4,739
4,211
3,784
4,347
4,618
4,400
4,503
5,008
4,287
4,457
4,757
4,249
3,905
Productionf
do
4,739
4,543
4.948
4,114
3,810
4,827
4,991
4,309
4,150
5,036
4,394
3,967
56
Shipments, totalt
do
78
57
76
60
71
108
98
65
62
66
92
127
Exports*
do
6,914
8,243
8,258
8,183
7,634
7,279
7,897
7,206
7,549
7,799
7,323
7,036
7,710
Stocks, end of montht
do
STONE, CLAY, AND GLASS PRODUCTS
Pages 150,152
Portland cement:
10,043 12,668
6,205
9,488
Production
„_thous. of bbl.- 12,514 11,953 12,644 12,369 11,937 12,539 11,053
7,917
5,040
58.0
58.9
47.4
2S.6
42.9
Percent of capacity
30.3
24.8
52.2
57.3
56.3
56.6
57.9
56.5
10,829 13,241
3,S89
6,785
Shipments..
thous. of bbL. 13,216 12,715 11,757 13,401 13,104 12,829 10,147
7,715
4,905
24,076 21,477 22,361
21,326 20,160 19,870 20,779 23,449 25,760 25,896 26,120 25,348 '24,778
Stocks, finished, end of month..
do
5,905
6,606 ••6,081
5,617
5,165
6,487
6,304
4,824
4,854
5,254
5,727
Stocks, clinker, end of month
.
do
5,928
5,797
Glass products:
Glass containers:!
4. JS-S4 4,701
1,046
4,006
4. 123
4. 250
4,429
4,891
4.802
4,2M
4,662
Production
..
thous. of gross..
70.5
69.1
68. S
69.1
04.3
65.0
69.1
63.3
61.6
75.5
71.4
Percent of capacity
_
73.8
72.0
4,763
4,?31
4,339
3,831
3,726
3,884
3,114
4,471
4,979
5, 230
Shipments
_. thous. of gross.
4,766
4,158
4,618
10,078
9,001
10,073
8,374
10,234
9,807
8,061
9,180
9,237
7,739
8,572
Stocks, end of month
_
.do
8,548
8.209
Plate glass, polished, production
9,783
6,212 10,450 13, 663 18,369 15,812 18,477 17,257 13,175 14,302 12,367 11,721
9,289
thous. of sq. ft..
U
?|
TRANSPORTATION EQUIPMENT
Page 160
Automobiles:
Production:
16, 756 16,978 17,213 18,193 16,612 19,687 21,277
11,296
3,921
9,135
3,475
Canada, total—
..number.. 17,930 14,515
12,579 12,779 12,025 13,4S7 12,677
9,882 11,491
3,494
5,112
7,791
l,06S
8,739 10,585
Passenger cars
_.do
183,757 313,392 351,785 452,142 432,279 404,032 423F 020 432,746 391,215
344,636 309,738 209,359
325,676
United States (factory sales), totaL-.do
286,040 246,704 150,738 61,407 161.625 251,819 285,252 373,804 362, S97 337,756 352,922
58,596 63,034 58,621 38,461 27,132 61,573 66,533 78,338 69,382 66,276 70,698 70,007 65,539
Passenger cars
...do
Com '1 cars, trucks, road tractors... do ~
•* Revised.
*Ncw series. For new series on pneumatic casings and inner tubes see tables 27 and 28, pp. 16-18 of the May 1939 Survey.
t Revised series. Data for pneumatic casings and tubes revised for 1930-38; see tables 27 and 28, pp. 16-18 of the May 1939 issue. Data for glass containers revised beginning
1936; see footnote marked with a " t " on p. 61 of the July 1940 Survey.
@FedFRASER