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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, FEBRUARY 2, 1939
SUMMARY OF BUSINESS TRENDS
AVAILABLE weekly data show only slight variation in the
JLJL rate of industrial activity during January. For the month
the indicated volume of industrial output, seasonally corrected,
was lower than in December but about one-fourth above the
January 1938 rate. The major decline from December to
January according to the weekly figures, has been in the steel
industry where the ingot rate has dropped moderately at a time
when the seasonal expectation is for a sizable increase. Automobile production, though lower than in December, is holding
at a better-than-seasonal rate.
Electric power production in January, seasonally corrected*,
showed a small reduction from the December rate but was 6
percent higher than in the early weeks of 1938. Production of
bituminous coal, while 10 percent larger than a year earlier,
showed a contraseasonal decline from December. This decline
was reflected in lower freight loadings of coal. Railway freight
traffic, other than coal, was slightly higher on an adjusted daily
basis than in the preceding month and was more than 5 percent
larger than a year earlier. Loadings of miscellaneous freight,
which include a large proportion of manufactured goods, were
12 percent above those in the early weeks of last year. These
data and partial reports on retail and wholesale trade indicate
that distribution of commodities was at a more active rate than
in January 1938.
In the week ended January 28 the downward movement of
security pi ices was extended. Major declines also occurred on
European security markets. The Dow-Jones average of industrial slmre quotations dosed on Saturday at 139, a reduction of
10 points since Friday, January 20. Since the first of the year
the industrial "average" has declined 10 percent and at the close
of last week's trading was the lowest since last September.
Quotations of railroad shares so far this year have declined more
than have industrial stocks; Saturday's "average" was down 16
percent from the figure at the beginning of 1939. Corporate bond
prices weakened along with the recession in share quotations.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
{ttgT
or N<ar CAP»CITY)
FREIGHT CAR LOADINGS
AUTOMOBILE PRODUCTION
< V S A Q S
(THOUSANDS Of CARS)
Of VEHICLES)
CRUDE PETROLEUM PRODUCTION
(THOUSANDS OF BARRELS "
DAILY AVERAGE)
B. I HAft I
APR, I MAY I JUHt I JULY I AUG. I SEPT I
OCT
I NOW I
- STOCK PRICES
WHOLESALE PRICES
348 I N D U S T R I A L S ^
V
40PU6L
\
V
: UTILITIES-'
\ ^
1 'v
\
/
¥
.-.
'
S
..r
it
1 M
i
M
_LL1
MiiLJJL t t 1 1 1 I 1 1 M I
1 1 1 t 1 1 f II ( 1
WEEKLY BUSINESS INDICATORS
[Weekly average 1923-25=100]
Jan. Jan. Jan. Jan. Dec. Jan. Jan. Jan.
31 29 22 30
28
21 14
Business activity:!
New York Tinies
Barron'scf
Business week
Commodity prices, wholesale:
Dept. of Labor 1926=100:
Combined index (813). . . .
Farm products (67)
Food (122)
All other (624)
Fisher's index, 1926=100:
Combined index (120)
C opper, electro] ytic 1
Cotton, middling, spot
Construction contracts!
Distribution: Carloadings
Employment: Detroit,factory...
Finance: '.
Failures, commercial
Bond yields!
Stock prices!
-
Jan. Jan. Jan. Dec. Jan. Jan. Jan. Jan.
30
22
21
Jan.
23
Finance—Continued.
Banking:
Debits, outside N. Y. C.J...,
Federal Reserve reporting
member banks:
Loans, total
Interest rates:
Call loans!---.'.
Time loans!
Currency in circulation!.._:.
Production:
Automobiles..
..—
Bituminous coal!
__
Cotton consumption!
Electric powerf_
Lumber
Petroleum!. __
__
_
Steel ingots®..
Receipts, primary markets:
Cattle and calves
Hogs..
Cotton
•
Wheat
93.5 92.4 82.2 82.3 101.7 103.4
91.7
97.5 99.4 101.1 78.0 79.2 102.1
1.7 103.2
104.3
105.5 105.0 83.4 82.8 108.1
76.6
6G.9
71.3
80.4
76.8 77.0 76.9 80.3 80.8
67.3 67.6 68.3 70.8 71.8
71.3 72.6 72. fl 74.6 76. \
80.5 83.5 83.7
80.5
79.8 79.8 79.7 80.0
79.7 79.7 79.7 79.7
33.1 33.5 32.4 32.7
56.9 62.9
61.fi 61.2 55.4
101.8
80.3
79.7
32.7
126.8
52.1
102.9
83.1
72.5
30.9
34.9
57.7
79.8
83.4
7R.8
31.6
28.6
85.4
91.4
86.9
83.2
85.3
90.3
86.7
83.1
90.4
92.8
48.9
79.0
68.1
126.0
90.2
92.0
47.8
54.9
74.0 71.7 73.7 62 4 58.0 82.1 86.0 45.2 41.3
66.9 66.4
... _ 66.9
.. . 67.! 68.1 74.2 72.3 64.0 63.3
101.2 107.3 107.1 110.5 110.1 90.5 95.9 141.7 144.5
• Data do not cover calendar weeks in all cases.
5Computed normal=100.
®Indox for week ended Feb. 4, is 89.1.
d"For description of these indexes, see p. 4 of the Dec. 16,1937 issue.
1937
1938
1939
1937
1938
1939
JDaily average.
83.2 92.5
90.8 133.4 101.8 82.3 89.0 94.0 104.0
72.3 72.7 71.6
66.3
67.5
24.2
24.2 24.2
28.6 28.6
28.6 28.6
136.6 137.3 138.3 140.5 142.0
116.9 118.2 113.9 100.5
92.4
78.6
84.0
137.5 136.3 130.2 127.3
4P.2
29.5
156.7155.7 154.3 153.8
86.4 89.0 87.3
G5.5
61.4
56.0 48.7
53.6
48.4
18.1 36 5
42.3 46.2
27.0 23.6
36.1 34.7
f Weekly average, 1928-30=100.
71.4
24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6
129.9 130.7 130.5 130.8
77.8
76.0
80.4
126.0
34.1
161.2
55.2
67.1
59.4
99.6
31.0
85.7
71.6
79.5
126.6
36.9
168.3
50.3
97.2
86.1
128.2
133.0
106.7
94.2
126.3
135.5
42.2 45.3
153.3 153.9
127.9 132.4
82.2 75.4
75.9 58.2
94.2 63.5
37.3 19.0
73.1
48.6
59.2
25,0
^Seasonally adjusted.
WEEKLY BUSINESS STATISTICS #
1939
Jan. 28
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York!
dol. per lb_.
Cotton, middling, spot, New York
_
do
Food index (BradstretVs)
...do....
Iron and steel, composite
dol. per ton..
Wheat, No. 2 hard winter (Kansas City)..dol. per bu_.
FINANCE
Banking:
Debits, New York City
mil. of doL.
Debits, outside of New York City..
do
Federal Reserve banks:
Reserve bank credit, total
_
_do
U. S. Government securities. _
_
do
Member bank reserve balances..
_
do—..
Excess reserves, estimated
..do....
Federal Reserve reporting member banks:
Deposits, demand, adjusted
-..do
Deposits, time
__.
...do
Investments, total
do
U. S. Government direct obligntions
do
' Obligations fully guaranteed by U. S. Government...
mil. of dol_.
Loans, total
-do
Commercial, industrial, and agricultural loans
mil. of doL.
Interest rates, call loans!
percent..
Interest rates, time loans!
do
Exchange rates:
French franc!
ScentsPound sterling!
^..dollarsFailures, commercial
number..
Currency in circulation!
mil. of dol..
Security markets:
Bond sales (2V. Y. S. E.)
thous. of dol. par value..
Bond yields (Moody's) (120bonds)t
percent..
Stock sales (N. K. & E.)
_
thous. of shares..
Stock prices (N. Y. Times)X..
dol. per share..
Stock prices (Standard Statistics) (420)
1926=100Industrials (348)
do....
Public utilities (40)
___do.__.
Railroads (32)
do....
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production• Automobiles
number..
Bituminous coalt
_
thous. of short tons..
Electric power
_._
_mil. of kw.-hr..
Petroleum!
thous. of bbl_.
Steel ingots®..
pet. of capacity..
Construction-contract awards!
thous. of dol..
Distribution:
Freight-car loadings, total
cars..
Coal and coke
_
do
Forest products..
do
Grains and grain products
_
,_do
Livestock.
do
Merchandise, I. c. 1
..do
Ore
-—,__._.__
do
Miscellaneous
.do Receipts*
Cattle and-calves
thousands
Hogs.:
—_.____.
..do....
Cotton into sight.
thous. of bales..
Wheat, at primary markets.,.....
thous. of bu_.
Jan.21
1938
Jan.14
Jan. 7
Dec. 31
Dec. 24
1937
Jan,
Jan. 22
Jan. 30
1936
Jan. 23
Feb. 1
0.110
,090
2.30
36.35
.72
0.110
.091
2.30
36.37
.70
0.110
.088
2.31
36.37
-.71
0.110
.089
2.33
36.36
.72
0.110
.089
2.35
36.36
.71
0.110
.088
. 2.34
36.37
.66
0.100
.084
2.47
38.97
1.02
0.106
.086
2.51
38.97
1.05
0.128
.133
2.94
36.62
.135
0.127
.130
2.95
36.57
1.36
0.090
.116
2.67
33.40
1.11
3,064
3,860
3,391
4,289
3,429
4,210
4,620
5,153
3,379
3,937
5,214
5,493
3,053
3,816
3,516
4,130
4,184
4,360
4,618
4,821
3,587
3,585
2,583
2,564
9,166
3,597
2,588
2,564
9,130
3.559
2,592
2,564
8,956.
3,436
2,604
2,564
8,819
3,298
2,610
2,564
8,577
3,072
2,656
2,564
8,472
2,979
2,594
2,564
7,296
1,440
2,610
2,564
7,219
1,371
2,472
2,430
6,773
2,154
2,468
2,430
• 6,755
2,130
2,470
2,430
5,863
3,0^7
16,152
5,179
13,147
8,186
10,124
5,174
13,150
8,182
16,050
5,177
13,110
8,206
15,888
5,161
13,114
8,189
15,986
5,160
13,219
8,266
16,025
5,141
13,269
8,333
14,5S3
5,213
12,237
8,176
14,487
" 5,199
12,196
8,143
15,530
5,052
13,684
9,212
15,547
5,050
13,734
9,262
14,017
1,733
8,281
1,732
8,290
3,789
1.00
1.25
1,715
8,367
3,818
1.C0
1.25
1,732
8,412
1,732
8,430
1,718
8,473
1,139
9,038
1,130
1,212
8,943
1,229
8,923
1,172
7,999
3,826
1.00
1.25
3,843
1.00
1.25
3,857
1.00
1.25
4,595
1.00
1.25
4,438
1.00
1.25
1.00
1.25
1.00
1.25
2,641
4,675
301
6,635
2.640
4.678
292
2.636
4.672
300
6,718
2.628
4.646
254
6,823
2.631
4.656
236
2.633
4.666
229
6,952
3.267
5.001
334
6,306
3.334
4.998
350
6,347
4.661
4.901
.75
1.00
6.671
5.000
239
5,713
38,180
3.86
7,657
34,430
3.83
4,402
104.16
92.6
110.0
82.8
30.0
35,870
3.86
5,405
103.99
91.5
109.2
80.3
29.6
39,410
3.88
5,808
107.33
95.6
114.5
80.8
32.5
50,970
3.93
7,537
106.94
92.6
111.3
77.5
30.1
52,060
3.95
5,980
104.65
91.1
109.7
76.9
28.2
41,640
4.28
5,511
87.85
79.8
93.8
73.6
27.7
42,160
4.17
4,727
93.15
84.0
99.0
75.7
29.6
73,250
3.69
11,833
137.64
126.9
147.8
112.9
55.3
74,780
3.65
15,542
140.33
128.2
149.0*
114.2
57.1
109,080
4.00
16,083
117.68
104.1
118.4
101.9
47.2
90,205
1,362
2,290
3,264
52.7
9,139
86,925
1,338
2,270
3,244
51.7
10,105
76,685
1,500
2,169
3,215
50.7
75,215
1,574
2,121
3,204
38.8
20,359
92,890
1,400
2,363
3,450
51.7
13,218
59,365
1,294
2,099
3,358
32.7
5,607
65,418
1,219
2,109
3.506
29.8
4.594
74,148
1,466
2,215
3,194
77.9
12.683
81,395
1,605
2,257
3,205
80.6
8,810
85,790
1.53S
1,963
2,816
49.4
6,974
690,359
139,046
27,240
33,029
13,839
146,586
8,964
221,655
586,877
130,636
26,416
34,056
13,152
145,469
7,849
229,299
530,S49 499,895
126,917 138,398
21,733
17,945
29,324 . 25,897
12,819
10,374
122,302 115,079
8,982
6,995
208,772 185,207
574,462
140,435
27,612
30,724
11,997
140,900
9,001
213,793
553,176
135,427
24,759
31,611
12,890
142,180
6,973
199,336
570,233
131,817
27,280
36,096
15,579
145,526
7,158
206,777
653,022
151,611
. 30,875
29.607
12,421
153,171
10,700
264,637
665,346
166,285
30,133
29,514
12,746
158,677
9,972
258,019
621,890
186,131
28,608
30,574
11,788
148,687
5,380
210,722
194
314
120
2,763
188
321
115
3,090
154
348
95
183
342
146
3,519
212
386
259
2,466
260
493
245
2,971
231
315
154
1,992
225
309
179
1,668
3,765
1.00
1.25
87.4
103.5
27.0
89,200
51.2
110
2,871
•Data do not cover calendar weeks in all cases.
177
293
47
2,145
JDaily average.
184
238
378
165
1,514
<g)Rate for week ended Feb. 4 is 52.8.
4.666
4.906
168
6,351
12,998
8,655
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey
1938
1937
Decem- Decem- January
ber
ber
COMMODITY PRICES
Page 15
World prices, foodstuffs and raw materials:
Combined indexest—
1923-25=100..
Cotton
do
Rubber
^
do
Silk
do
Sugarf.
do
Tea..
...
do
Tin
_
do
Wheat.....
„
do
Purchasing power of the dollar:
Wholesale prices..
,
do
Retail food prices
*
do
Price received by farmers
.
do____
1938
F
U
ary *
March
April
May
June
July
August
September
October
N
berm*
36.5
32.0
37.6
25.3
30.4
67,2
91.9
3S. 1
47.0
30.5
36.1
22.0
32.7
73.4
85.2
89.2
44.2
31.6
34.3
21.9
32.1
75.4
82.6
75. S
45.2
32.7
34.5
22.2
28.3
77.4
82.1
82.5
41.9
32.7
31.7
22.8
27.1
76.0
81.9
69.6
40.7
32.4
27.7
22.6
26.0
76.9
76.3
68.5
38.8
30.9
27.1
22.4
26.2
75.3
73.3
62.9
39.6
30.9
29.4
22.5
27.1
70.9
80.3
64.0
41.2
32.7
36.0
25.3
28.2
70.5
86.3
62.4
39.1
30.9
37.7
24.3
28.1
76.3
86.1
53.9
38.3
29.8
37.8
25.2
28.9
78.4
86.3
50.2
37.8
Zh 6
39.6
25.9
26.8
72.9
90.0
46.7
37.5
33.6
38.0
25.2
28.8
66.0
92.0
42.3
130.8
127.2
153.1
118.5
123.3
121.1
141.4
114.8
124.5
124.5
144.1
116.3
126.2
127 6
151.5
117.2
126.4
127.2
153.1
117.2
128.0
125.9
156.5
117.2
128.9
126.4
159.7
117.5
128.6
124.7
159.7
117.2
127.8
125.0
154.8
117.5
128.9
127. 6
159.7
118.3
128.6
127.1
154.8
118.3
129.8
128.0
154.8
118.5
129.9
128.5
156.5
118.8
118,096
20,372
97,723
3,581
1,574
14,028
78,540
122,295
21, 314
100,982
3,723
1,519
15,136
.80,604
90,624
20,247
70,378
2,060
2,315
14,785
51,218
88,457
19,187
69,270
2,611
1,493
15,273
49,892
108,919
23,404
85,514
5,081
1,918
17,544
60,971
109,917
22,646
87,271
4,347
1,459
17,505
63,960
109,906
22,695
87, 211
5,676
1,396
18,310
61,830
98,519
21,331
77,188
4,340
1,556
16,253
55,039
83,653
20,301
63,352
3,031
1,869
13,028
45,424
86,101
20,808
65,293
2,623
1,201
12,175
49,295
103,869
21,376
82,493
2,366
1,209
15,888
63,031
113,558
22,411
91,147
4,932
1,732
18,411
66,073
113,457
20,233
93,314
6,608
1,449
18,749
66,509
4,654
42,202
4,598
44,373
4,198
40,864
4 030
37,555
4,515
42,566
4,168
40,039
4,002
38,111
3,956
37,450
3,720
35,862
3,842
37,238
3,775
36,651
15,793
thousands
Value
--thous. of dol._ 113,841
Retail trade:
Chain-store sales:
Chain Store Age index:
Combined index (20 chains) i
1
;
av. same month 1929-31=100-_
(d)
i Apparel chains
'
do '*
Grocery chain-store sales:
i
j
:
101.1
Unadjusted
-.do
98.1
Adjusted ; . - „ .
...
i
do
15,865
120,235
12,602
93,941
11,932
89,070
14,697
111,332
13,312
100,887
12,789
97,283
13,366
100,250
11,975
92,785
12,543
98,006
12,846
99,470
4,170
39,485
39,989
107,933
4,067
37,996
14,028
106,097
111.5
117.0
106.7
107.6
106.4
108.8
103.3
116.0
105.0
112. $
103.3
109.4
106.3
109.7
108.1
120.0
106.0
116.0
109.4
122.0
97.0
94.2
93.3
96.2
94.1
93.6
95.6
94.7
94.4
91.7
95.0
93.6
93.6
92.2
89.2
91.0
88.5
92.2
93.0
94.9
' 108.0
120.0
94.9
94.4
109.5
121.2
96.7
96.7
<«0 ;
34.1
32.5
33.4
33.3
32.9
32.7
33.1
33.8
35.2
36.2
3.22
2.12
3.78
3.13
3.13
2.58
2.84
3.44
4. SI
5.29
4.51
36.7
5.19
36.9
4.24
3.88
S.51
.14
7.77
.60
6.08
.11
5.45
.52
4.39
.11
3.79
.49
4.46
.11
3.74
.61
4.54
.10
3.85
.59
4.57
.13
3.82
.62
4.41
.11
3.69
.61
3.81
.09
3.13
.59
3.08
.10
2.33
.65
3.56
.12
2.62
.82
3.30
.12
.10
2.40
2.44
24.36
.715
22.98
.710
23.53
.710
23.63
.714
23.53
.717
23.38
.718
23.74
.719
23.93
.713
24.93
.711
25.73
.714
26.14
.714
26.32
.714
6,725
6,711 '
1,170
7,648
7,846
1,416
9,124
9,181'
1,466
11,188
10,309
Cost of living
.
do
DOMESTIC TRADE
Pages 26, 27
Advertising:
Newspaper advertising:
Lineage, total (52 cities)
thous. of lines. _
Classified
..
do ^
Display, total
__ . . .
do^e
Automotive..
.
.do
Financial
_ .
do .
General.
do .
Retail
do
Postal business:
Money orders:
Domestic, issued (50 cities):
Number
thousands
Value:.
thous. of doL_
.Domestic, paid too cities;:
Number. ,
__ . .
EMPLOYMENT CONDITIONS AND
i WAGES
Pages 39, 44, 47
Labor conditions:
National Industrial Conference Bpard (25 inAverage weekly hours per worker in factories.
hours..
Labor turn-over in mfg. establishments:
\
Accession rate..mo. rates per 100 employees.
OtsJJclItlLlUIl lalQi
Total
Discharge
'
.
Quit
.
.
do
do '•i
.09
3.21
do
Wages:
i
National Industrial Conference Board (25
industries;:
Factory average weekly earnings.,.dollars..
Factory averagehourly earnings
do
CHEMICALS AND ALLIED PRODUCTS
Page 90
Chemicals:
Alcohol, denatured:
Consumption
thous. of wine gal..
-Production —=-s---..-=i;.„..- - „ - . —
do-
-
Stocks, end of month
.
do..
Alcohol, ethyl:
Production :
thous. of proof galStocks, warehoused, end of month
do....
Withdrawn for denaturing
do
Withdrawn, tax paid.do
FOODSTUFFS AND TOBACCO
Pages 102,116
.58
<•>'
C):
!
6,364
6,168
5,939
6,971
10,433
4,996
• 5,500 •.-—7-OI2 - • 5,883" "~~"5,"088" "6,"207 — 6^287
1* 127
1,213
1* 093
1^285
1^179
ljl53
16,772
20,895
17,389
1,841
17,362
17,898
11,886
2,515
15,607
21,502
9,765
1,835
16,765
27,579
8,874
1,503
18 329
32,879
10,140
2,202
12 817
33,076
10,481
2,135
7,812
6,072
- 6,092 — 7,869
1,192
1,137
14 253
33,867
10,615
2,340
16 395
32,047
14,400
3,506
16,370
33,727
12,350
1,684
17,284
35,176
14,483
1,590
15,800
32,736
16,072
1,639
.78
3.14
.60
l' 364
1,233
17,017
28,319
18,986
2,111
15,164
23,277
17,249
2,439
Beverages:
Fermented malt liquors:
Consumption (tax-paid withdrawals)
4,428
5,748
5,387
6,204
4,015
4,661
4,164
3,072
3,729
3,669
3,247
3,774
4,134
thous. of bbl__
4,313
5,337
5,135
5,511
5,199
4,968
5,022
3 673
3 574
3,537
3,511
3,731
3,595
Production
do
8,242
7,367
7,570
9,189
8,540
Stocks, end of month
do
9,661
9,161
8,559
7^759
9,590
7,482
7,134
7,081
Distilled spirits:
Consumption, total (tax-paid withdrawals)
7,491
6,672
5,732
6,592
6,443
6,386
7,255
5,097
9,724
5,367
10,203 11,745
8,485
thous. of proof gal._
5,837
4,226
4 313
5,175
5, 111
4,939
5 648
4 231
4 382
6,790
7,693
9,571
8,173
Whisky . . .
do
9,294
18,923 22,147
6,095
5,692
Production, total
do
6,850
9,658
14^624
12^283
10,116
12^991
13,953
16,956
4,997
4,217
3,915
4,721
7,653
8 244
9 886
10,254
11,639
10 044
10,780
10,562
8,119
Whisky.
do..
Stocks, total, end of month
do
505,670 473,720 482,650 489,436 492,840 495,992 498,067 497,527 496,903 496,012 495,163 495,003 501,207
466,809 452,39ft 459,247 464,525 467,423 470,446 472,162 471,160 470,401 469,451 468,480 466,376 466,176
Whisky
do .
Tobacco:
Manufactured products:
Consumption (tax-paid withdrawals):
13,264
13,506
14,711
15,892
Small cigarettes
millions.. 12,656
13,784
14,717
13,058
13,728
12,611
14,324
11,492
12,527
Large cigars
thousands.. 333,982 336,161 323,574 338,887 431,691 384,918 417,144 477,443 420,510 477,596 486,482 625,662 515,859
Manufactured tobacco and snuff
30,577
30,473
27,544
30,180
28,921
30,767
26,280
27,509
25,077
24,700
27,869 30,940
thous. of lb._ 27,126
• Data for November 1938 are the latest available.
t Hevised series. Data on world prices revised beginning 1920; the index of coffee was excluded and a new series on world sugar prices has been substituted. Earlier data
appeared in table 4, p. 17, of the January 1939 Survey.
"
4:
MONTHLY BUSINESS STATISTIC S—Continued
Monthly statistics through December 1935, to- 1938
gether with explanatory notes and references
to the sources of the data may be found in the Decem
1938 Supplement to the Survey
ber
1937
DecemFebruJanuary
ary
ber
1938
March
April
May
June
July
August
NovemSepber
tember October
LEATHER AND PRODUCTS
Page 124
Leather:
Production;
'1,100
1,066
1,349
1,222
1,127
865
870
890
Calf and kip
thous. of skins.
1,032
1,000
1,717
1,764
1,407
1,381
1,617
Cattle hides
thous. of hides.
' 1.755
],409
1,471
1,398
1,505
1,457
2,336
2,755
2,394
2,506
2,831
2,638
Goat and kid
thous. of skins.
'2,525
2,371
2,972
2,675
2,949
1,827
2,716
3,226
2,308
2,195
Sheep and lamb
do...
2.125
-2,822
2,010
1,757
2,184
1,'
Stocks of cattle hides and leather, end of
month:
15,407 15,118 14,576 14,052 13,874 13,967 13,865 13,331 13,244 13.440
Total
..thous. of equiv. hides.
15,373
11,103 10,968 10,589 10,308 10,193 10,223 10,014
9,540 ' 9,665
9,666
In process and
finished
.do...
11,068
4,304
3,744
Raw
do...
3,704 ' 3,775
3,665
3,851
3,681
3,987
4,160
3,744
4,305
METALS AND MANUFACTURES
Pages 131,134,136
Pig iron and iron manufactures:
Castings, malleable:
Orders, new
.short tons
35,633 19,753
25,752 29,061 32, 770
17,076 19,557 20,556 !9,724 17,564 18,143
Production
__
_
do...
38,802 27,784
18,894 19,252 21,902 18,6S0 17,097 18,077 16,630 25,799 29,460 29,970
Percent of capacity
^
22.7
26.0
46.0
31.3
20.2
20.8
23.1
33.4
34.8
21.7
23.5
36.4
Shipments
short tons.
36,434 27,675
20,910 20,596 22,962 23,045 20,560 21,673 17,500 21,102 26,941 28,717
Steel, manufactured products:
Barrels and drums, steel, heavy type:
Orders, unfilled, end of month
number. 519,375 453,998 530,507 484.965 498,917 448,567 399,085 448,176 361,750 378,675 445,310 374,454
Production
_.do.._ 830,979 638,988 542.969 529, 566 773,570 678,191 696,264
629,448 766,374 7S3, 692 841,653
51.7
Percent of capacity
39.1
41.9
47.8
35.0
35.5
41.7
52.3
48.7
47.6
43.3
43.3
Shipments
number. 822,746 644,287 5*2,278 533,715 771,313 680,180 69fi. 738 685,453 622,155 771.283 7SP, 188 865,572
32,6*6 20,108 31,330 26,799 28,770 25,474 23,118 34,089 41.2S7 35,756 60,160 36,241
Stocks, end of month
do...
Boilers, steel, new orders:
Area
_
thous. of sq. ft..
502
873
475
739
435
783
691
734
547
579
547
717
552
Quantity
number..
1,124
663
489
1,063
585
574
894
1,009
1,125
700
Nonferrous metals and products:
Babbit metal (white-base antifriction bearing
metals):
Consumption and shipments, total
1,382
1,474
1,606
1,234
1,344
thous. of lb._
1,538
1,305
1,106
1,510
1,177
1,225
1,366
Consumed in own plants
do
269
648
453
508
329
370
390
233
358
468
509
345
Shipments
do,
1,030
776
1,120
044
1,113
958
1,021
863
986
857
837
881
PAPER AND PRINTING
Page 146
Paper:
Newsprint:
Consumption b y publishers
short
Stocks, end of m o n t h :
A t publishers
I n transit to publishers
Paperboard:
Consumption, waste paper
Orders, new
Orders, unfilled, end of m o n t h
Production
Percent of capacity.. fc
Stocks of waste paper, end of m o n t h :
At mill^
short
t o n s . . 177,134
187,048
169,922 156,475
174,971
173,638 176,600
159,199
151,875
151,324
162,457
187,450
284,412 543,861 521,411
30,615 69,545 38,471
464,691 406,622 379,439 343,149
38,970 32,282 29,285
do
do
do
do.
221,768 196,231 203,424
334,711 243,992 269,367
94,411 75,994 79,595
329,181 244,825 268,121
54.7
60.1
48.2
215,047 243,571 224,715 210,117 218,652 221,218. 264,418 254,024 267,193
273,651 317,472 302,921 281,401 298,845 322,948 361,323 367,200 370,453
93,637 96,635 109,288 107,235
72,832 74,137 75,296 76,701
282,248 318,552 303,073 286,574 296,960 306,343 358,977 351,051 370,977
68.5
67.3
57.4
59.7
59.8
72 A
59.8
58.7
55.0
t o n s . . 290,648
RUBBER AND RUBBER PRODUCTS
Page 149
Tires and tubes:
Pneumatic casings:
Production
_•
thousands
Shipments, total
__do
Stocks, end of month
do.
Inner tubes:
Production
_
__
do
Shipments, total..
....do
Stocks, end of month
do
36,643
35,351
43.0
35,563
248,376
788,040
49.0
799.678
24,603
635
947
* 1,599
176,322
243,924
327,168
89,586
344,445
66.3
325,166 333,218 319.. 816 318,698 312,684 300,917 296,070 284,239 275,746 274,951
322,435
331,582
4,679
4,171
8,498
2,952
3,153
10,776
2,776
2,500
10,988
2,359
10,833
4,263
2,349
2,875
10,056
2,418
2,424
10,164
10,161
7,047
32.2
4,793
24,939
6,342
4,534
20.7
4,390
25,023
6,589
SSI
8,061
13,8fi3
30,005
3,858
303,254 288,385 291,331
32,583 47,498 44,503
do
do
324,956 317,442 315,419
24,401 26,191 34,535
1,134
1,786
2,632
2,872
2,792
2,891
10,820
2,475
2,544
10,130
2,737
3,273
10.317
2,724
3,405
9,855
3,109
4,067
8,763
3,353
3,947
8,201
4,093
4,046
8,330
3,970
3,943
8,406
4.134
4,144
8,237
4,117
4,442
7,924
2,199
2,782
9,525
2,261
2,890
9,010
2,717
3,629
8,108
2,784
3,357
7,512
3,815
3,570
7,808
3,615
7,907
3,924
4.125
7,737
3,944
4,122
7,587
3,916
19.8
4,575
24,361
6,732
5,879
26.9
7,259
22,979
7,983
37.7
8,691
22,262
6,497
10,361
47.4
9,752
22,875
6,326
10,535
49.8
10,943
22,467
6,218
10,963
50.2
10,164
23,286
6,089
11,007
50.4
11,823
22,534
5,902
10,559
49.9
11,716
21,374
5,506
11,556
52.9
12,357
20,568
4,927
10,184
48.2
8,573
' 22,179
'4,963
3,125
52.4
3,016
9,279
2,995
54.3
2,893
9,318
3.637
58.6
3,616
9,265
3,647
61.0
3,645
9,215
3,837
66.8
9,088
3,583
60.0
3,858
8,750
3,506
61.0
3,847
8,354
3,653
63.6
3,971
7,641
3,866
64.7
3,954
7,493
3,709
64.6
3,491
7,643
5,119
2,664
3,802
3,820
3,866
5,956
5,506
4,031
65.0
4,178
8,149
7,676
8,873
12,869
12,883
10,425
2,857
12,709
3,672
12,090
3,982
10,412
4,328
12,623
12,944
3,036
15,467
3,313
22,746
4,996
23,136
6,025
10,619
6,386
24,619
8,660
23,512
7,716
1,137
73
111
1,173
81
100
1,224
80
122
945
79
128
693
52
123
876
64
94
1,099
54
95
1,174
58
106
1,499
80
143
77
164
1,335
86
167
1,529
89
171
44,708
48,146
68
47,313
44,299
55,245
40,012
67
41,824
29,763
56
33,211
33,505
64
39,901
45,718
84
48,020
55,134
101
57,438
55,66S
119
74,710
69,644
145
66,022
62,851
117
66,840
• 70,205
120
71,110
85,954
146
2,132
2,127
STONE, CLAY, AND GLASS PRODUCTS
Pages 150,152
Portland cement;
Production
thous. of bbl__
Percent of capacity
6,281
Shipments
thous. of bbL. 23,964
Stocks, finished, end of month
do
5,282
Stocks, clinker, end of month
do..
Glass containers:
3,515
Production
thous. of gross..
58.8
Percent of capacity,..
__„
3,042
Shipments
thous. of gross
8,029
Stocks, end of month
.do
Plate glass, polished, production
12,691
thous. of sq.ft..
TEXTILE PRODUCTS
Wool:
Page 157
Consumption (scoured basis) :1
Apparel class
thous. of lb._ 29,688
9,501
Carpet class..
do
Operations, machinery activity (weekly avera?e):
Looms:
Woolen and worsted:
1,759
Broad
thous. of active hours..
81
Narrow.
do.
177
Carpet and rue;
do.
Spinning spindles:
73,277
Woolen
do.
87,019
Worsted
do.
149
Worsted combs
do.
2,684
9,192
8,921
'Revised.
•Data for November are tiie latest available.
JData for January, April, July, October, and December 1938, are for 5 weeks; other months, 4 weeks.
O. S. GOVERNMENT MINTING OFFICE, 193»
@FedFRASER