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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 22, 1940 SUMMARY OF BUSINESS TRENDS Steel mill operations have been curtailed further and output of ingots at 67 percent of capacity for the current week is 15 points lower than a month ago. While the reduction in steel output has been the most spectacular reaction from the high levels of the fourth quarter of last year, many other indicators of business trends are also moving downward. Prices of sensitive commodities have continued weak and buying is sluggish in most instances. Curtailed production schedules are rather genera] in industry, though machinery producers and cotton mills, among others, have held recent levels of operations. Mill consumption of raw cotton, though lower on an adjusted basis than in December, was at an unusually high rate through January and the early part of February. (See chart below.) In addition to the large domestic use of 730,000 bales of cotton in January, exports of this commodity reached a total in excess of 1,000,000 bales for the month, and for the first half of February exports continued to run at this exceptional rate. The heavy movement of raw cotton abroad, which in the first 6 months of the cotton season (August-January) aggregated 4,161,000 bales, or double the year earlier volume when exports were unusually low, has resulted from a variety of factors, including special influences arising from hostilities as well as the im- proved competitive position of the American staple in world markets. The increase in exports of raw cotton in January offset the decline of $15,000,000 in the value of other exported commodities, and the total value of exports of United States merchandise was $358,000,000—about the same as in December. At this figure, the value of exports was 70 percent higher than in January 1939, a month when exports were at the lowest point for several years. Even with the exclusion of raw cotton, the value of exports was more than 50 percent larger than in the earlier month. For the 5 months since the outbreak of the European war, the total export trade of the United States has been 29 percent higher than a year earlier. Exports to the Latin-American markets have averaged 46 percent higher than the value inSeptember 1938-January 1939. -Shipments to the U. S. S. R. have been 59 percent higher than 12 months ago, largely by reason of the heavier purchases of metals and manufactures. Sales of metals and manufactures have increased in a number of markets and the total has been four-fifths larger in value than in the earlier 5-month period. Shipments of iron and steel products have averaged almost 90 percent in excess of the value during the fall and winter of 1938-39. SELECTED BUSINESS INDICATORS STEEL INGOT FREIGHT CAR LOADINGS ELECTRIC POWER PRODUCTION PRODUCTION (THOUSANDS OF CARS) (8ILLIONS OF KILOWATT HOURS) (PERCENT OF CAPACITY) 100 80 \ 60 40 20 r— , . . ! ." o 1 BITUMINOUS AUTOMOBILE PRODUCTION l<!b COMMERCIAL COAL PRODUCTION (DAILY AVERAGE - THOUSANDS VEHICLES) (THOUSANDS OF LOANS (BILLIONS OF DOLLARS) OF TONS) /940 00 75 *-/939 ^ \ 1 \ A 50 /r /f /A. •* TS. 0 . . . . . 1 . / t 3.Z PRICES OF 3 5 0 INDUSTRIAL STOCKS PRICE INDEX OF 28 BASIC COMMODITIES (INDEX, (926 * 100) (AUG. 1939 = 100) 80 1937 1938 1939 EXPORTS OF U.S. MERCHANDISE 1940 1937 (MILLIONS OF DOLLARS) 1936 COTTON (DAILY AVERAGE - ! 1939 CONSUMPTION 1 ,,! 1940 THOUSANDS OF BALES) 500 400 300 200 100 0 ,, 1 , , 1 , 1937 t t , , . . t . . 1 , . 1938 211362—40 1.1 . < i . . i . « 1 1 1 1939 . , 1 . , f . , 1 . . 1940 1937 1938 1939 I94O WEEKLY BUSINESS INDICATORS • [Weekly average, 1923-25=100] Feb. Feb. Feb. Jan. 27 17 10 Feb. Feb. Feb. Jan. Jan Feb. Feb Feb. Feb. 19 27 10 18: Business activity:! • New York Times§cf- Barron'so" 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) Copper, electrolytic* _.. Cotton, middling, spot Finance—C ontinued. Banking: Debits, outside N. Y. C.*____ 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 98.6 101.5 103.1 103.7 88.8 S9.6 79.0 79.7 110.8 112.8 116.0 116.4 96.9 96.7 76.2 76.3 113.7 118.5 120.9 121.7 99.8 101.3 81.1 82.2 78.5 68.9 70.9 83.5 78.8 69.6 71.7 83.6 79.1 69.2 71.4 84.0 79.3 69.5 71.4 84.1 76.6 66.9 71.3 80.4 76.6 66.7 71.1 80.4 79.4 69.6 73.3 83.0 79.6 70.1 73.2 83.1 82.4 84.3 816 817 85.4 85.4 79.7 79.5 79.7 81.2 82.6 85.5 88.4 79.7 79.7 71.0 41.5 41.5 40.8 40.8 41.9 32.7 33.1 33.1 34.3 56.3 55.8 42.5 Construction contracts* 56.6 Distribution: Carloadinps 65.4 68.5 67.7 67.4 60.5 60.1 100.5 79.8 104.9 Employment: Detroit, factory.-. Finance: 71.7 61.7 70.0 74.2 70.8 72.0 78.1 69.3 79.6 Failures, commercial62.4 62.6 62.7 62.9 63.1 66.0 66.2 73.1 74.0 Bond yields* 90.4 111. 5 110.4 109.7 110.3 109.8 104.9 104.8 Stock prices* • D a t a do not cover calendar weeks in all cases. § Computed normal ^Seasonally adjusted. ® Index for week ended F e b . 24 is 115.3 1939 1940 1933 1939 1940 100. Feb. Feb. 11 1938 Feb. Feb. 12 19 93.5 93.7 92.2 101.6 94.0 81.8 96.0 72.7 68.0 68.3 68.6 65.' 65.4 71.6 71.4 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 28.6 152.8 152.6 152.2 151.7 152.6 137.9 137.6 129.9 130.0 124.6 125.8 132.7 96.4 99.7 123.5 151.4 152.5 42.4 46.2 177.1 168.0 118.2 123.2 132.8 139.5 101.0 127.7 154.0 43.5 173.4 141.2 50.8 54.1 52.7 57.6 91.9 92.3 87.7 25.2 24.2 27.9 54.0 62.9 142.3 97.1 129.1 154. 4 52.4 174.6 145.7 104.7 110.8 .72.6 83.3 84.1 64.9 106.5 106.5 84.5 135.0 136.1 123.6 37.0 !6.8 30.6 159.6 157.7 161.7 94.1 91.7 52.3 58.1 61.6 78.8 103.1 24.5 29.3 54.6 39.8 31.5 23.9 71.2 67.2 84.0 123.2 31.0 159.6 51.8 52.5 59.6 60.1 32.6 42.4 41.9 44.6 91.5 75.4 30.4 23.6 *Daily average, tWeekly average, 1928-30=100. cPFor description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS 1940 ITEM C O M M O D I T Y P R I C E S , WHOLESALE Copper, electrolytic, New York* _ dol. per lb__ Cotton, middling, spot, New York do. Food index (Bradstreet's) do. Iron a n d steel, composite .dol. per t o n . . Wheat, N o . 2 H a r d Winter (Kansas City).dol. per bu__ „ . . ; FINANCE Banking: Debits, New York C i t y . . mil. of dol_. Debits, outside New York City (140 cities) do. Federal Reserve banks: Reserve bank credit, total _do U. S. Government securities do... Member bank reserve balances _ do... Excess reserves, estimated do... Federal Reserve reporting member banks: Deposits, demand, adjusted do... Deposits, time__ do... Investments, total§ do__. U. S. Government direct obligations do... Obligations fully guaranteed b y U . S. Govern ment : .mil. of dol__ Loans, total§ _ ..do. Commercial, industrial, a n d agricultural loans§ mil. of dol. _ Interest rates, call loans* .percent.. Interest rates, time loans* do Exchange rates: French franc* _ cents.. P o u n d sterling* dollars,. Failures, commercial ..number.. Currency in circulation* .mil. of dol__ Security markets: Bond sales (,/V- Y. 8< E.) thous. of dol. par value Bond yields (Moody's) (120 bonds)* percent Stock sales (JV. Y. S. E.) thous. cf shares.. Stock prices (N. Y. Times)X---dol. per share. Stock prices (Standard Statistics) (420) 1926=100. Industrials (350) _ do... Public utilities (40) _ do... Railroads (30) _ _ do... PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles^ *__ number,, Bituminous coal* thous. of short t o n s . Electric power mil. of kw.-hrs. Petroleum* thous. of bbl_. Steel ingots® pet. of c a p a c i t y . . Construction-contract awards* thous. of dol__ Distribution: F r e i g h t e r loadings, total cars! Coal and coke _ do... Forest products do... Grains and grain products ..do... Livestock.. ...do__ Merchandise, 1. e. 1 do... Ore do... Miscellaneous do... Receipts: C&ttle and calves thousands... Hogs.. „ do Cotton into sight thous. of bales-. W h e a t , at primary markets :thops. of bu._ Feb. 10 Jan. 27 Jan. 20 0.110 .113 2.33 37.00 0.112 .113 2.34 37.01 0.114 .111 2.36 37.03 .95 0.118 .111 2.35 37.09 0.122 .114 2.34 37.07 2,604 3,713 3,185 4,335 3,187 4,343 2,942 4,279 2,530 2,477 12,151 5,580 2,518 2,477 12,097 5,523 2,503 2.477 12,150 5,559 19,062 5,260 14,686 8,855 19,108 5,256 14,692 8,910 2,420 8,516 1938 1937 Jan. 13 Feb. 18 Feb. 11 Feb. 19 0.123 .114 2.35 37.09 1.01 0.110 .089 2.31 36.38 .68 0.110 .090 2.30 36.36 0.098 .090 2.44 38.88 .99 0.098 .088 2.43 38.94 1.03 0.131 .130 2.95 36.71 1.38 3,656 4,711 4,404 2,841 3,637 3,385 3,793 2,793 3,712 2,491 3,374 3,676 4,482 2,514 2,477 12,148 5,592 2,515 2,477 12,020 fi,502 2,504 2,477 11,830 5,377 2,587 2,564 8,707 3,166 2,584 2,564 9,018 3,459 2,600 2,564 7,216 1,364 2,594 2,564 7,205 1,412 2,478 2,430 6,768 2,186 19,199 5,257 14,675 8,877 19,163 5,254 14,647 18,979 5,259 14,633 8,913 18,823 5,274 14,485 8,777 15,951 5,181 13,403 8,182 16,077 5,185 13,280 8,171 14,485 5,248 12,287 8,160 14,511 5,223 12,301 8,202 15,604 5,093 13,621 9,107 2,411 8,507 2,414 8,499 2,411 8,579 2,400 8,646 1,975 8,205 1,807 8,179 1,150 8,944 1,146 8,925 1,210 4,309 1.00 1.25 4,314 l.OO 1.25 4,295 1.00 1.25 2,412 8,536 4,316 1.00 1.25 4,330 1.00 1.25 1.00 1.25 3,761 1.00 1.25 3,745 1.00 1.25 4,392 1.00 1.25 4,402 1.00 1.25 1.00 1.25 2,243 3,958 292 7,420 2.256 3.981 251 7,412 2.258 3.984 285 7,392 2.254 3.978 302 7,368 2.246 3.965 288 7,408 2.242 3.956 277 7,461 2.648 4.686 293 6,697 2.647 4.686 318 6,681 3.291 5.027 282 6,310 3.288 5.013 324 6,314 4.656 4.896 210 6,365 27,070 3.60 2,860 108.32 91.9 107.8 87.7 29.0 33,510 3.61 3,735 107.24 91.3 107.1 87.4 28.7 29,040 3.62 2,914 106.55 90.4 105.8 87.3 28.3 34,030 3.63 3,128 107.12 91.1 107.3 87.7 29.0 3.64 3,377 106.62 90.8 106.4 87.5 28.6 33,990 3.61 4,281 108.50 93.5 109.8 89.0 29.9 25,820 3.81 2,860 101.89 90.5 106.9 84.2 27.9 30,530 3.82 3,536 101.73 91.1 107.4 85.2 28.5 33,620 4.22 3,318 89.71 79.6 94.4 70.2 28.0 29,590 4.27 3,052 87.75 79.6 94.6 79.6 27.6 95,030 3.78 13,100 138.78 129.5 151.7 110.3 58.3 95,050 95,985 1,642 2,523 3,688 71.7 101,240 1,698 2,541 3,499 77.3 6,825 106,400 1,720 2,566 3,612 82.2 108,545 1,653 2,572 3,637 84.8 9,046 111, 330 1,668 2,593 3,592 86.1 7,845 79,860 1,418 2,249 3,324 54.8 8,967 84,500 1,448 2,268 3 t 284 53.4 55,400 1,106 2,059 3,369 31.0 5,721 54,310 1,144 2,052 3,325 30.7 5,506 95,240 1,832 2,212 3,296 81.6 8,300 626,903 156,638 29,263 29,174 10,540 147,442 9,812 244,034 657,004 170,798 31,374 32,080 10,914 146,788 10,087 254,963 649,488 184,652 27,832 30,395 11,200 143,370 8,S40 243,199 645,822 170,910 30,660 28,089 12,484 142,919 10,052 250,708 667,713 177,155 30,102 31.872 14,220 144.110 9,332 260,922 580,071 137,080 24,3S7 28,587 11,120 148,250 8,944 22], 703 576.352 138,820 23,539 28,809 9,700 148,406 8,429 218,649 535,866 108,094 26,286 31,875 11,203 146,915 8,160 203,333 542,091 113,380 26,853 32,256 11,015 146, S97 7,136 205,454 711,314 168,639 36,937 29,458 11,660 1G6,612 10,945 287,063 68.8 Feb. 3 1939 Feb. 17 Feb. 12 Feb. 20 202 171 161 190 166 172 18S 171 201 184 272 374 3-12 327 211 275 408 258 449 400 228 171 196 116 205 240 281 268 82 1,874 2,219 2,067 2,416 1,948 1,929 2,231 2,328 1,898 0 R a t e for week ended Feb. 24 is 67.1. *Daily average. •Data do not cover calendar weeks in all cases. $No longer strictly comparable; for an explanation, see the corresponding data on p . 30 of the April 1939 issue of the S URVEY. ISOURCE: Ward's Automotive Reports. 239 2,001 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, to- 1940 gether with explanatory notes and references to the sources of the data, may be found in the January 1938 Supplement to the Survey. BUSINESS INDEXES Page 9 Agricultural marketings: Quantities marketed: Combined index 1923-25 «100AnimaJ prpfin^ts . do Dairy products do Livestock do Poultry and eggs do "Wool do Crops do Cotton do Fruits ___do Grains do Vegetables do COMMODITY PRICES Pages 12,13, 131, 134, 15 Wholesale prices: U. S. Department of Labor indexes: Combined index (813 quotations) 1926=100.. Economic classes: Finished products do Raw materials ---.-do Semimanufactures.--— do__-. Foods do Commodities other than farm products and foods 1926=100... Pig iron: Basic (valley furnace)..dol. per long ton.. Composite do . Foundry, No. 2, northern (Pittsburgh) dol. per long ton.Stpel' Composite, finished steel dol. perlb.Steel billets, rerolling (Pittsburgh) dol. per long ton.Structural steel (Pittsburgh)-dol. per lb__ Steel scrap (Chicago)..dol. per gross t o n Purchasing power of the dollar: Wholesale prices .1923-25='100— 72 85 95 85 87 31 58 59 78 42 79 65 77 97 73 80 41 53 37 82 51 77 79.4 76.9 76.9 81.7 73.8 81.7 69.1 71.7 80.0 70.9 74.9 67.2 71.5 80.2 70.9 - 74.4 67.2 71.5 Mail order and store sales: Montgomery Ward & Co thous. of dol. Spars Roebuck & Co - do Rural sales of general merchandise: Total, TLS^ unadjusted .1923=31^100 >tal, TJ. S.t adjusted? do... 56 64 94 56 70 50 46 34 78 38 78 March April 68 78 104 65 104 45 57 35 93 50 107 65 81 103 62 123 77 50 22 95 50 89 76.7 May 81 99 135 72 145 193 63 23 92 80 109 June 82 93 145 62 114 387 71 26 81 101 112 July DecemOctober NovemAugust September ber ber 184 49 85 84 122 70 79 266 87 75 80 116 41 120 82 100 78 75 144 159 251 79 120 72 125 87 90 90 75 90 163 278 95 94 82 75.4 79.4 94 88 133 66 91 386 101 46 ' 78 104 90 89 •"81 83 87 SO 75 132 35 90 126 42 119 200 75 68 66 • 133 74 59 61 76.2 76.2 75.6 75.0 79.1 79.2, 79.2 80.1 80.2 68.5 70.1 - •* 74 6 -- 74 4 63.7 65.8 68:6 70.2 80.5 80.4 79.9 68.9 63.' 7 68.2 80.6 79.6 67.7 62.4 67.6 80.2 79.2 67.8 ^74.4. 62.6 67.5 80.2 79.1 66.5 745 61.0 67.2 80.1 82.3 81.9 72.3 72.6 83.1 81.8 68.7 ~~"67.T 73.3 75.1 83.8 82.1 82.0 72.4 82.1 67.3 72.3 84.0 81.7 73.3 82.0 67.6 71.9 83.9 83.9 80.2 80.2 22.50 23.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.60 21.15 20.50 21.15 20.50 21.15 20.50 21.15 21.50 22.35 22.50 23.15 22.50 23.15 22.50 23.15 24.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 23.89 24.89 24.89 24.89 .0265 .0268 .0268 .0268 .0268 .0264 .0262 .0261 .0261 .0261 .0263 .0263 .0265 34.00 .0210 16.38 34.00 .0210 13.85 34.00 .0210 14.06 34.00 .0210 14.25 34.00 .0210 13.38 3100 .0210 12.80 34.00 .0210 13.56 34.00 .0210 13.56 34.00 .0210 13.88 34.00 .0210 16.22 34.00 .0210 19.05 34.00 .0210 17.66 34.00 .0210 . 16.56 126.8 129.7 148.6 130.9 129.0 156.5 130.9 130.2 159.7 131.3 130.9 161.6 132.1 130.5 165.3 132.1 130.7 163.4 133.2 131.1 165.3 133.5 130.7 165.3 134.2 133.2 166.9 127.3 126.6 149.9 126.8 127.6 151.5 127.2 128.4 151.5 127.2 130.0 153.1 300,661 330,030 308,487 288,316 299,883 312,328 323,227 261,796 299,847 223,011 209,061 210,567 204,741 197,831 197,045 212,146 190,987 194,357 354,093 146,438 CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F. W. Dodge Corp. (37 States) Construction, total value....thous. of dol-__ 196,191 "Buildinz total value* do.-. 129,932 DOMESTIC TRADE Pages 27, 30 Retail trade: Chain-store sales: Variety-store sales: Combined sales of 7 chains: Unadjusted 1929-31=100Adjusted do Chain-Store Age index: Combined index (20 chains) av. same month 1929-31=100 1939 anuary February 251,673 220,197 165,162 148,564 74.9 100.5 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 89.5 101.1 96.1 100.6 102.9 101.4 108.4 106.8 206.6 112.0 113.5 120.0 107.5 118.0 108.8 112.7 109.8 130.0 110.0 119.0 111.0 118.0 113.0 126.0 113.0 124.0 114.5 127.0 113.3 125.0 117.0 132.0 120.0 142.0 29,984 40,548 24,769 33,551 24,964 34,901 35,730 49,768 110.0 117.6 41,595 51,236 42,323 59,613 41,302 56,768 33,452 43,941 102*3- — 01,3 —100.1 - 1 1 5 , 0 —120.-2 —120.-6- —120.0 131.2 131.7 131.0 130.8 123.7 120.0 134.5 44,743 54,945 47,764 66,020 62,751 67,246 60,330 82,427 91.-1 —107.2 —132.6 —160.8 —159r7 —211:7 132.4 123.4 125.4 122.7 131.1 124.8 38,993 48,259 FINANCE Pages 53, 60, 73, 74, 76, 77 Bankiner: Bank debits, total (141 cities)..—mil. of dol. 34,717 32,393 27,581 34.486 30,143 31,928 33,988 30,477 New York City do 14,739 14,533 12,380 16,274 13,311 14,165 15,312 12.794 • Outside New York City do- * 19,978 17,860 15,201 18,211 16,832 17,763 18,676 17,683 Life insurance: Insurance written:© Policies and certificates, total number 841 687 812 716 842 675 648 659 thousands . 26 134 20 33 33 23 32 30 Group do 427 461 464 496 499 399 357 • 400 Industrial -- --- do 245 234 283 232 310 262 • 252 226 Ordinary --do Value, total - r --thous. of doL 653,156 729,937 570,491 645,019 550,666 604,445 729,749 506,38( 134,507 51,899 40,365 45,205 35,981 43,278 194,223 23,862 Group ----..do 113,111 99,363 109,871 138,396 129,051 137,073 128,568 118,218 Industrial - do Ordinary ----do._. 405,538 578,675 420,255 461,418 385,634 424,094 406,958 364,300 * Revised." • New series. Monthly data beginning 1925 are shown in table 49, p. 17 of the November 1939 Survey. t Revised series. Hural sales of general merchandise adjusted for seasonal variations revised beginning 1934; see table 37, (J) 40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies. 30,613 13,118 17,496 33,664 32,711 15,138 13,683 18,526 *-19,029 31,676 13,041 18,636 40,019 17,633 22,386 942 261 642 24 790 51 72< 728 59 431 250 417 2<X 48< 255 455 22i 443 225 584,595 509,891 637,675 587,49! 646,545 44,027 105,030 75,92< 83,901 59,401 119,068 115,935 135,761 128,121 124,662 381,626 334,561 425,977 415,350 416,853 , , . . * « p . 17 of the August 1939 Survey. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1940 gether with explanatory notes and references to the sources of the data, may be found in the January January Febru1938 Supplement to the Survey. ary 1939 March April May June July August Se g j m " October No v e m D c em £er " b e r * FINANCE—Continued Security markets: 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 Value, issues listed o n 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 Stocks: Prices: Average price of all listed stocks (N. Y. S. E.) Dec. 31, 1924=100.. Standard Statistics Co., Inc.: Combined index (420 stocks). 1926=100... IndustrinIs (350 stocks), „ do Public utilities (40 stocks) . . . do Rails (30 stocks).. ...do 92.02 95.70 52.00 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 88.50 92.41 47.29 90.79 94.59 50.55 91.24 95.05 51.23 92.33 96.02 52.23 82.4 87.3 101.8 58.2 120.2 81.9 86.2 99.7 59.7 117.3 82.1 86.4 100.7 59.0 117.3 83.1 87.1 101.3 60.9 117.9 79.4 83.8 99.7 54.5 116.4 80.2 84.8 101.0 54.8 118.1 81.4 86.2 101.6 56.2 118.6 81.6 86.3 102.1 56.4 118.3 81.0 85.8 101.7 55.5 116.5 80.9 85.0 98.6 59.0 107.1 82.9 86.4 100.5 61.6 .110.7 83.0 87.0 101.8 60.2 117.5 82.1 86.8 101.6 58.0 119.9 49,440 4,548 49,679 47,314 2,365 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 52,466 47,917 4,549 46,431 44, 279 2,151 52,452 47,922 4,531 47,621 45,331 2,290 52,435 47,869 4,566 47,839 45,500 2,339 54,067 49,512 4,554 49,920 47,541 62.6 91.8 109.3 81.2 29.8 64.4 57.0 56.6 60.2 57.9 65.9 64.4 91.7 -108.0 85.8 29.7 81.9 95.9 80.0 24.8 83.1 97.0 82.4 25.0 80.1 100.6 84.9 25.7 86.3 100.5 87.0 25.4 92.4 109.4 84.3 29.7 65.8 95.3 112.7 80.0 32.9 63.2 90.1 106.3 83.8 28.0 57.0 86.0 100.5 84.7 25.9 62.2 92.7 108.8 88.4 29.0 94.2 110.9 87.3 31.6 91.8 107.9 80.7 29.6 1,565 1,640 1,294 1,542 1,467 1,737 1,476 1,667 1,764 2,117 2,438 1,912 1,404 997 548 976 613 807 496 952 579 581 1,068 647 934 516 971 604 972 795 1,019 1,074 1,124 1,270 973 833 572 63.0 2,379 FOODSTUFFS Pages 103, 110, 111, 112, 115 Livestock: Cattle and calves: Receipts, principal markets thous. of animalsDisposition: Local slaughter._ do Shipments, total.— do Hogs: Receipts, principal markets do Disposition: Local slaughter... do Shipments, total do._-. Sheep and lambs: Receipts, principal markets do Disposition: Local slaughter do Shipments, total do Stocks, cold storage, end of month: Butter, creamery thous. oflb.. Cheese, total do Eggs: Shell _ thous. of cases.. Frozen _ thous. of lb._ Fish, total (15th of month) do Total meats mil. of lb._ Beef and veal thous. of lb_. Pork, total do Fresh and cured do Lard do Lamb and mutton ._ _do Poultry __do 3,772 2,699 1,971 2,205 1,990 2,410 2,105 1,948 2,007 1,995 2,458 . 2,847 3,331 2,753 1,007 1,928 754 1,398 566 1,654 547 1,509 485 1,822 575 1,535 560 1,394 546 1,451 550 1,458 534 1,825 617 2,177 665 2,482 849 1,728 1,747 1,516 1,766 1,993 1,951 1,711 2,042 2,392 2,625 2,607 1,907 1,514 1,071 653 1,063 677 953 595 1,046 720 900 1,082 1,070 884 913 804 1,040 968 1,419 1,064 1,564 1,075 1,520 29,187 111,354 94,312 108,411 92,780 91,485 78,909 81,653 70,909 75,345 84,437 131.609 165,183 79,272 98,850 117,598 172,825 154,594 128,111 125,019 116,561 114,736 944 848 671 984 89,783 "55,462 112,217 108,241 136 117 165 3,357 1,580 7,024 5,430 6,598 5,880 1,105 3,519 6,977 56,003 50,345 44,476 60,465 88,867 117,900 141,456 144,359 135,928 121,471 104, 282 87,802 78,975 77,088 62,253 40,423 29,756 35,295 46,965 59,940 72,765 79,384 83,296 84,571 791 976 784 562 758 452 699 761 758 573 749 478 78,543 53,126 46,404 40,970 36,866 34,650 33,591 33,456 33,027 36,917 49,242 67,672 789,530 658,489 667,419 652,456 656,746 659,587 645,173 594,581 471,310 379,020 341,393 421, 227 587,708 526,411 542,138 523,204 527,213 520,251 496,796 454,766 360,932 300,226 272,655 332,272 201,822 132,078 125,281 129,252 129,533 139,336 148,377 139,815 110,378 78,794 68,738 88,955 2,925 4,187 2,773 3,499 1,956 4,277 2,459 1,893 1,791 2,412 1,837 2,965 167,185 133,531 116,229 90,987 70,568 66,796 67,470 64,918 62,870 63,164 79,228 127,649 '532 r 72,279 " 92,431 "808 r 76,974 r631,564 "469,459 "162,105 167,643 TEXTILE PRODUCTS Pages 154,155,158 Cotton: Consumption 730,143 Exports (excluding linters)§__thous. of bales.. 1,027 Imports (excluding linters)§ _ do 9 Spindle activity: Active spindles _. thousands.. 22,872 Active spindle hrs., total.. mil. of hrs~. 9,223 Average per spindle in place hours.. 369 Operationsf pet. of capacity.. 102.6 Wool: Receipts at Boston, total _._.thous. of lb. ) Domestic ...do ,040 Foreign do ) 598,132 562,580 649,940 543,187 606,090 578,436 143 290 114 378 264 330 12 14 12 13 8 10 521,353 107 16 628,448 219 13 624,902 649 10 718,721 584 11 652,695 S07 14 10 22,497 7,642 295 85.7 22,533 7,164 277 87.8 22,503 8,243 319 86.7 22,123 6,895 269 84.7 21,970 7,573 297 81.9 21,771 7,399 290 82.5 21,939 6,621 262 81.9 22,012 7,908 313 85.1 22,232 7,695 306 92.5 22,659 8,581 342 97.9 22,774 8,803 353 101.3 22,778 8,040 322 100.7 15,539 5,374 10,164 11,820 6,660 5,160 13,608 5, 17,173 10,241 6,932 31,461 25,641 5,820 55,614 61,401 4,213 55,355 51,247 4,109 39,228 35,287 3,941 24,410 19,046 5,363 () 11,991 <) (*) (*) 4,678 C) 'Revised. * Data for September are the latest available. t Revised series. Cotton spindle activity revised beginning August 1933: see table 18, p. 18 of. the March 1939 Survey. § Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey. NOTE.—The data in the above tables present, in advanco of the monthly Survey of Current Business, such items as were received during the week ended Saturday, Feb. 17, 1940. These figures, like similar information in the table entitled "Monthly business statistics" in each monthly issue, should always be read in connection with the detailed tables covering the respective items in the 1938 Supplement to the Survey of Current Business, which contains a description of each series and a reference to the source of the data. Series marked with an asterisk (*) are exceptions, representing additions since the 1938 Supplement was issued, and similar data, if published, will be found in the monthly numbers indicated by the footnotes. Changes in the series are also indicated in the footnotes. The Survey of Current Business, including 12 monthly Surveys of 56 pages each, and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. C , for $2 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40.
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