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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 23, 1939 SUMMARY OF BUSINESS TRENDS T N D U S T R I A L activity continues at an even pace with the ••• seasonally adjusted measures of activity tending slightly lower in the absence of the rise usual at this time. In the early months of the year there is normally a seasonal expansion in manufacturing production that continues through April. So far this year, however, the volume of output has held steady at a level about one-third above that in the early weeks of 1938. Steel ingot production has increased somewhat in recent weeks, though output in February did not experience the full seasonal expansion. Automobile assemblies declined moderately in February as dealers have been supplied with substantial stocks of new cars in anticipation of active sales in the spring. Currently, deliveries of new passenger cars to consumers are at a rate about one-third higher than a year ago. For other major industries the weekly data available through February 11 do not indicate significant changes from the seasonally adjusted figures for January. Freight-car loadings in the early days of February averaged 5 percent higher than a year earlier with loadings of miscellaneous freight up 6 percent. Electric power production has recently been 10 percent higher than a year ago and about 4 percent higher than in February of 1937. Sensitive commodity prices have moved narrowly in recent weeks, Moody's index of 15 commodities ranging between 142 and 144 (December 31, 1931 = 100). Silk prices have advanced moderately and quotations of hides have receded slightly; otherwise, price movements in the important raw materials have been quite small. ^Wholesale prices have been little changed on the average. The genefal index remained at the 1938-39 low point of 76.6 (1926^100) for the week ended February 11. Significant changes have not occurred in any of the major groups of commodities in recent weeks and no pronounced trend is currently in evidence. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (PERCENT Of W 0 0 T CAPACITY) FREIGHT CAR LOADINGS AUTOMOBILE PRODUCTION (THOUSANDS Of (THOUSANDS Of CARS) VEHICLES) m 1 iw 1 - ^ \ x u \ w l ^ u ^ l ^ ' l ^ l ^ BITUMINOUS COAL PRODUCTION ( THOUSANDS OF SHORT TONS) &' 1 IU 1 LU r 'AW 1 •& U U 1 '&,* | ill i JcU. I 'O'C'T1 I ELECTRIC POWER PRODUCTION CRUDE PETROLEUM PRODUCTION (THOUSANDS OF BARBELS - (MILLIONS OF DAILY AVERAGE) 1 m. 1 &k 1 '*W 1 ^ 1 Ukl 'JLV i kU IS'EPT 1 ' Jc't' 1 i^J I l±£ FEB. I MAR. • APR. I MAY I JUNE I STOCK PRICES 129239—39 KILOWATT HOURS) JULY WEEKLY BUSINESS INDICATORS [Weekly average 1923-25*= 100] Feb. Feb. Feb. Jan. Jan. Feb. Feb. Feb. 20 21 11 28 18 Business activity: 1 1 New York Times le? —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) Copper, electrolytic! Cotton, middling, spot Construction contracts X Distribution: Carloadings. Employment: Detroit, factory... Finance: Failures, commercial Bond yieldst Stock pricesj Feb. Feb. Feb. Jan. Jan. Feb. Feb. Feb. Feb. Feb. 13 79.7 79.5 79.8 79.8 79.7 79.7 79.7 79.7 32.7 33.1 33.1 33.1 76.2 60.5 60.2 62.0 100.8 79.8 79.7 33.5 56.9 61.6 82.4 71.0 33.1 35.6 55.9 79.6 70.1 73.2 83.1 86.0 91.4 86.9 84.2 85.6 91.6 86.6 83.6 82.4 71.0 32.4 34.3 56.6 79.8 91.0 94.9 47.8 51.7 74.2 90.7 92.8 48.5 48.5 71.8 128.4 55.0 64.1 62.7 74.0 71.7 69.3 79.6 51.6 44.2 66.4 73.1 74.0 65.5 64.6 66.0 66.2 66.9 90.4 142.9 143.8 104.9 104.8 103.9 101.2 107.3 19 21 2S 11 18 Finance—Continued. Banking: Debits, outside N. Y. G.% Federal Reserve reporting member banks: Loans, total Interest rates: Call loans! Time loans* Currency in circulation! Production: Automobiles Bituminous coalt _ Cotton consumption! Electric powert Lumber _ _ Petroleum^ Steel ingots© Receipts, primary markets: Cattle and calves _ Hogs _ Cotton Wheat - 89.4 90.4 92.3 91.6 79.0 79.7 104.9 102.4 96.7 97.2 ... 97.9 98.7 76.2 76.3 109.8 105.2 101.2 101.9 103.5 104.1 81.1 82.2 113.1 110.4 76.6 76.6 76.7 76.6 79.4 66.7 67.1 67.3 66.9 69.6 71.1 71.0 71.2 71.3 73.3 80.4 80.4 83.0 80.4 1937 1938 1939 1937 1938 1939 20 12 13 94.0 81.8 87.6 83.2 92.5 96.0 72.7 115.9 86.3 65.7 65.4 65.9 66.3 66.3 71.6 71.4 71.8 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 28.6 137.9 137.6 137.5 136.6 137.3 129.9 130.0 131.1 131.1 104.7 110.8 102.8 116.9 83.6 79.0 83.8 110.2 108.4 136.1 137. 3 137.6 42.7 44.3 157.7 165.2 155.9 94.1 91.7 90.7 87.9 52.5 58.4 32.6 36.0 33.1 45.4 44.6 23.9 30.4 38.9 • Data do not cover calendar weeks in all cases. ^Computed normal** 100. JDaily average. t Weekly average, 1928-30=100. ©Index for week ended Feb. 25 is 92.2. of For description of these indexes, see p. 4 of the Dec. 16,1937 issue. 62.8 41.6 42.3 36.1 118.2 77.5 80.0 64.9 109.3 84.5 t37.5 123.6 49.2 30.6 156.7 161.7 90.5 52.3 75.8 67.2 84.0 123.2 31.0 159.6 51.8 125.4 106.1 130.0 132.8 43.9 158.2 134.0 95.0 127.7 132.1 41.6 157.8 132.4 63.8 63.2 59.6 42.4 41.9 50.4 91.5 75.4 65.8 38.2 23.6 26.0 61.4 48.4 46.2 34.7 ^Seasonally adjusted. WEEKLY BUSINESS STATISTICS* 1939 Feb. 18 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per lb._ Cotton, middling, spot, New York do Food index (Bradstred's) _ do Iron and steel, composite dol. per ton.. Wheat, No. 2 hard winter (Kansas City) ..dol. per bu._ FINANCE Banking: Debits, New York Cfty 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 obligations.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 t — percent.. Interest rates, time loans t do Exchange rates: French franc X , ..cents.. Pound sterling t dollars.. Failures, commercial „ number.. Currency in circulation % mil. of dol.. Security markets: Bond sales (N. F. S. E.) thous. of dol. par value.. Bond yields (Moody* s) (120 bonds) X percent.. Stock sales (2V. Y. S. E.) __thous. of shares.. Stock prices (iV. Y. Times) X dol. per share,. Stock prices (Standard Statistics) (420). 1026»100.. Industrials (348)— do Public utilities (40) Ido. Railroads (32) do. PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles .number.. Bituminous eoalj.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, 1. 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— tXT Feb. 11 Feb. 4 1938 Jan. 28 Jan. 21 Jan. 14 Feb. 19 1937 Feb. 12 Feb. 20 1936 Feb. 13 0.110 .089 2.31 36.38 .68 0.110 .090 2.30 0.110 .090 2.31 36.35 .70 0.110 .090 2.30 36.35 .72 0.110 .091 2.30 36.37 .70 0.110 .088 2.31 36.37 .71 0.098 .090 2.44 38.88 0.098 .088 2.43 38.94 1.03 0.131 .130 2.95 36.71 1.3? 0.128 .132 2.96 36.67 1.44 0.090 .115 2.73 33.54 1.10 2,841 3,637 3,385 3,793 3,362 4,063 3,064 3,860 3,391 3,429 4,210 2,793 3,710 2,491 3,371 3,676 4,482 3,970 4,001 3,862 4,115 2,587 2,564 8,707 3,166 2,584 2,564 9,018 3,459 2,582 2,564 9,047 3,478 2,583 2,564 9,166 3,597 2,588 2,564 9,130 3,559 2,592 2,564 8,956 3,436 2,600 2,564 7,216 1,364 2,594 2,564 7,205 1,412 2,478 2,430 6,768 2,186 2,477 2,430 6,771 2,184 2,505 2,430 5,832 3,045 15,951 5,181 13,403 8,182 16,077 5,185 13,280 8,171 16,048 5,183 13,209 8,173 16,152 5,179 13,147 8,186 16,124 5,174 13,150 8,182 16,050 5,177 13,110 8,206 14,485 5,248 12,287 8,160 14,511 5,223 12,301 8,202 35,604 13,621 9,107 15,552 5,095 13,591 9,121 14,112 4,889 13,109 8,726 1,975 8,205 1,807 8,179 1,789 8,233 1,732 8,290 1,715 8,367 1,150 8,944 1,146 8,925 1,210 8,968 1,216 8,964 1,197 7,991 3,761 1.00 1.25 3,745 1.00 1.25 3,767 1.00 1.25 1,733 8,281 3,765 1.00 1.25 3,789 1.00 1.25 3,818 1.00 1.25 4,392 1.00 1.25 4,402 1.00 1.25 1.00 1.25 3.00 1.25 .75 1.00 2.648 4.686 224 6,697 2.647 4.686 261 6,681 2.643 4.678 255 6,676 2.641 4.675 301 6,635 2.640 4.678 292 6,669 2.636 4.672 300 6,718 3.291 5.027 282 6,310 3.288 5.013 324 6,314 4.656 4.896 210 6,365 4.658 4.895 180 6,366 6.676 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 38, ISO 32,650 3.86 3.86 7,657 4,224 98.29 100. SS 87.4 - 89.0 103.5 105.3 80.9 81.8 27.0 27.7 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 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. G 79.6 27.6 95,030 3.78 13,100 138.78 129.5 151.7 110.3 58.3 59,480 3.73 12,800 139.63 130.1 152.4 111.4 58.2 92,610 3.93 19,302 120.64 107.tr123.0 101.1 51.1 79,860 84,500 1,424 3,284 53.4 78,410 1,346 2,287 3,442 52.8 89,200 1,427 2,293 3,248 51.2 12,241 90,205 1,362 2,290 3,264 52.7 9,139 86,925 1,338 2,270 3,244 51.7 10,105 59,100 1,106 2,059 57,810 1,144 2,052 3,325 30.7 5,506 72,492 1,696 2,200 3,286 80.6 7,784 62,813 1,686 1,942 2,779 51.7 7,854 579,918 142,358 23,539 28,809 9,700 148,404 8,429 218,679 576,790 140,779 25,538 29,544 11,371 146,138 9,062 214,358 594,379 148,811 27,935 32,202 12,966 146,428 7,640 218,397 590,359 139,046 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 31.0 5,721 535,790 108,096 26,331 31,774 11,178 146,924 8,160 203,327 1.807 2,212 3,296 81.6 8,300 542,991 113,380 26,853 32,256 11,015 146,897 7,136 205,454 711,314 168,639 36,937 29,458 11,660 166,612 10,945 287,063 688,523 167,465 35,091 11,613 162,813 11,071 270,872 586,487 185,817 24,393 27,133 10,119 131,610 6,044 201,371 166 211 118 2,416 185 234 116 3,093 198 270 110 2,871 194 314 120 2,763 188 321 115 3,090 188 275 238 3,036 190 272 196 1,874 202 327 171 2,067 200 343 146 1,259 218 313 126 901 54.8 1,898 , * * *Data do not coyer calendar weeks in all cases. JDaily average. ® Rate for week ended Feb. 25 is 53.7* §No longer strictly comparable; for an explanation, see the corresponding data in the forthcoming April issue of the Survey. Feb. 22 221 5,786 WEEKLY BUSINESS STATISTICS 1938 Monthly statistics through December 1937, to- 1939 gether with explanatory notes and references to the sources of the data may be found in the January January 1938 Supplement to the Survey BUSINESS I1VDEXES Page 9 Marketings; Agricultural products (quantity): 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 Agricultural products, 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 Poultry and eggs do COMMODITY PRICES Pages 11,12,13,15,131,134 Retail prices: U. S. Department of Labor indexes: Food 1923-25=100. 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— 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.. Steel: Composite, finished steel dol. per lb._ Steel billets, rerolling (Pittsburgh) dol. per long ton.Structural steel (Pittsburgh)..dol. per lb_. Steel scrap (Chicago)—dol. per gross ton.. Purchasing power of the dollar: Wholesale prices. 1923-25=100.. Retail food prices. _ do Prices received by farmers. _ do March April 72 79 106 59 116 106 64 42 May 59 111 107 77 93 134 66 119 303 61 22 88 72 117 72 75 101 63 97 46 June July August Se g*£ m ' October * De c e m b e r ' 73 90 156 62 102 333 56 19 77 68 116 92 85 136 60 79 487 100 19 81 205 63 153 72 73 317 96 61 80 155 46 117 83 137 75 68 76 152 235 90 110 87 131 89 114 85 76 139 174 267 113 128 86 89 87 78 116 160 108 154 79 85 67 76 81 91 67 116 68 71 78 85 62 61 69.5 68.0 58.5 77.5 85.5 79.0 67.0 71.5 69.5 54.5 85.0 103.0 83.5 66.5 54.0 62.5 49.0 76.5 95.5 75.0 54.0 60.5 67.0 55.0 79.5 92.5 77.5 66.0 5S.0 70.5 60.0 81.5 88.5 75.0 68.0 60.5 67.5 58.0 77.5 84.5 71.5 75.5 61.0 72.0 66.5 77.0 80.5 76.5 76.0 72.0 82.5 86.5 78.5 82.0 80.0 75.0 72.5 72.0 63.0 81.0 84.5 82.0 75.5 85.0 72.5 61.0 84.5 86.5 87.0 75.5 92.0 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 77.5 80.3 78.4 78.6 79.4 79.1 0.2 80.0 78.4 78.7 78.1 77.8 78.6 76.9 80.9 79.8 79.7 78.7 78.1 78.3 78.8 78.1 78.3 77.6 77.5 77.0 80.0 70.9 74.9 67.2 71.4 84.3 74.9 76.9 71.6 76.3 83.3 73.6 76.1 69.8 73.5 83.4 73.2 75.6 70.3 73.5 82.7 71.3 75.3 68.4 72.3 82.1 70.7 75.4 67.5 72.1 82.2 71.4 74.1 68.7 73.1 82.5 72. a 74.3 69.4 74.3 81.8 71.4 74.4 67.3 73.0 81.8 72.0 74.7 68.1 74.5 81.1 70.9 75.9 66.8 73.5 80.5 71.5 76.2 67.8 74.1 80.2 70.9 75.2 67.6 73.1 80.2 83.5 83.0 82.6 82.0 81.6 81.3 81.4 81.4 81.3 81.1 80.6 80.3 20.50 21.15 23.50 24.11 23.50 24.11 23.50 24.11 23.50 24.13 23.50 24.15 22.50 23.59 19.50 20.15 19.50 20.15 19.75 20.29 20.50 21.14 20.50 21.15 20.50 21.15 22.44 25.89 25.89 25.89 25.89 25.89 24.89 21.89 21.89 22.14 22.89 22.89 22.89 .0289 .0289 .0289 .0289 .0286 .0268 .0268 .0268 .0266 .0268 .0268 .0268 34.00 .0210 13.85 37.00 .0225 13.00 37.00 .0225 12.69 37.00 .0225 12.15 37.00 .0225 11.38 37.00 .0225 10.95 36.25 .0221 10.38 34.00 .0210 12.00 34.00 .0210 13.75 34.00 .0210 13.50 34.00 .0210 12.88 34.00 .0210 14.20 34.00 .0210 13.75 130.9 129.0 156.5 124.5 124.5 144.1 126,2 127.6 151.5 126.4 127.2 153.1 128.0 125.9 156.5 128.9 126.4 159.7 128.6 124.7 159.7 127. S 125.0 154.8 128.9 127.6 159.7 128.6 127.1 154.8 129.8 128.0 154.8 129.9 128.5 156.5 130.8 127.2 153.1 CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F. W. Dodge Corp. (37 States): Construction, total value thous. of dol._ 251,673 165,162 Building, total value do 192,231 93,655 118,945 226,918 222,016 2S3,156 251,000 239,799 313,141 300,900 357,69S 301,679 389,439 88,463 167,219 155,012 160,924 167,485 160,541 187,048 191,571 243,693 211,261 231,052 DOMESTIC TRADE Pages 26, 30 Advertising: Newspaper advertising: Lineage, total (52 cities) thous. of lines.. Classified do Display, total do Automotive .. do. Financial doGeneral.— _ do. Retail do. Mail-order and store sales: Montgomery Ward & Co thous. of doL. Sears, Roebuck & Co__ do Rural sales of general merchandise: Total, U. S., unadjusted 1929-31=100.. Total, U. S., adjusted do 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 86,102 103,869 113,558 113,457 118,096 20,808 21,376 22,411 20,233 20,372 65,293 82,493 91,147 93,314 97,723 6,608 2,623 3,581 4,932 2,366 1,449 1,201 1,574 1,732 1,209 12,175 15,888 18,411 18,749 14,028 49,295 63,031 66,073 66,509 78,540 36,150 43,463 35,745 43,820 29,075 36,316 32,849 38,556 49,167 46,667 53,345 42,295 51,215 57,085 68,622 103.5 110.1 106.2 112.4 84.8 110.2 98.2 114.2 121.1 122.4 140.9 115.5 147.2 119.7 183.6 129.3 87,418 19,556 67,861 2,446 2,301 12,771 50,343 90,624 20,247 70,378 2,060 2,315 14,785 51,218 88,457 10S.919 109,917 109,906 19,187 23,404 22,646 22, 695 69,270 85,514 87,271 87,211 2,611 4,347 5,081 5,676 1,493 1,459 1,918 1,396 15,273 17,544 17,505 18,310 49,892 60,971 61,830 33,551 21,840 30,620 21,765 30,449 30,797 41,071 37,063 44,857 91.3 110.0 86.6 104.3 90.4 98.4 105.8 107.9 112.3 FINANCE PagesfiO,77 Life insurance (Ass'n, of Life Insurance Presidents): Insurance written:® Policies and certificates, total number thousands.. 784 793 878 766 648 Group „ J do. 30 20 16 20 24 25 30 Industrial do 580 597 643 656 577 357 64S Ordinary .do 174 176 175 202 164 262 220 Value, total thous. of doL. 729,954 5S9,165 589,407 672,142 617,475 618,807 597,773 Group do 51,899 31,401 41,671 33,050 37.815 43.075 45,076 Industrial do 99,363 179,975 174,092 19S, 025 193,131 191,648 170,312 Ordinary do 578,692 377,789 373,644 441,067 386,529 384,083 382,3S5 Security markets: Stocks: Standard Statistics Co., Inc.: 81.6 Combined index (420 stocks).. 1926=100.. 73.9 77.9 8C.7 91.8 70.7 73.1 95.7 Industrials (348 stocks) do 92.7 95.7 109.3 87.4 S4.2 75.7 6S.5 71.2 81.2 Public utilities (40 stocks) do 69.2 64.0 69.5 29.0 25.5 28.3 29.8 20.9 Rails (32 stocks) do—. 20.5 21.8 ' Revised. 0iO companies having 82 percent of total life insurance outstanding in all United States legal reserve companies. 865 ' 1,089 712 720 822 760 34 18 12 24 16 '755 60S 59S 518 582 511 264 223 200 161 176 197 528,452 550,960 519,932 592. 432 671,262 974,920 18.659 33,443 21924 32', 28S 43,754 91,294 153,392 156,304 173,641 179,553 182,690 226,085 356,401 361,213 321,367 380,591 444,818 657,541 88.0 105.3 76.5 27.3 89.5 108.0 75.0 27.8 86.0 103.9 72.2 25.5 91.1 109.6 77.4 2S.1 94.7 113.6 80.9 30.0 92.0 110.6 77.9 28.8 WEEKLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1939 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 TRANSPORTATION AND COMMUNICATIONS Pages 84, S5 Class I steam railways: Freight-carloadings (Federal Reserve): Combined index, unadjusted 1923-25=100. Combined index, adjusted do._. Grains and grain products do... Merchandise, 1. c. 1 do,._ Ore do... FOODSTUFFS Pages 103,106, 108,110, 111, 112,115 Grains and grain products (principal markets): Corn: Receipts thous. of b u . Shipments _ do__ Oats: Receipts do... Wheat: Receipts do... Shipments do__*. Stocks, cold storage, end of month: Butter, creamery thous. of l b . Cheese (total) do__. Eggs: Case thous. of cases. Frozen... thous. oflb. 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... Miscellaneous meats mil. of l b . Poultry thous. of lb. Livestock: Cattle and calves: Receipts, principal markets thous. of animals. Disposition: 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.». 1938 March April May June 63 69 79 62 102 14,373 8,827 July August **&**' October No v e m h p r " 64 69 83 61 92 32 33,726 21,362 17,971 ll,7C0 23,558 12,921 29,948 24,367 31,867 38,706 28,104 27,987 ber 26, 573 27,617 17,419 18,061 17,240 9,912 45,157 18,994 32,698 16,356 20,262 10,969 6,221 6,403 4,730 4,381 5,267 9,703 24,669 10,128 7,707 4,199 5,658 11,900 12,758 10,910 13,553 8,542 10,395 10,642 10,458 10,875 13,778 14,274 17,090 16,984 101,195 14,277 26,726 61,080 25,258 38,477 23,291 27,345 23,797 19,110 21,690 14,892 18,252 111,547 106,450 31,211 93,497 21,033 85,656 14,387 77,042 19,574 76,289 54,594 120;351 172,622 201,252 210,703 194,285 159,254 91,160 114,788 134,351 150,248 140,755 132,326 127,440 128,872 120,174 136 1,303 314 3,204 281 50,560 95,598 88,754 96,475 115,874 77,003 72,720 62,184 45,694 37,367 729 789 797 789 838 53,226 59,369 57,023 50,501 40,145 656,625 653,346 699,633 665,263 622,454 524,485 554,028 582,654 543,947 M0,564 132,140 99,318 116,979 121,316 121,890 3,052 2,121 2,901 3,522 3,294 64 70 76 81 78 134,457 115,105 100,493 78t 819 60,053 5,100 130,872 45,981 671 33,601 574,097 450,516 123,581 2,125 62 52,049 6,255 13S, 510 55,039 642 33,730 543,770 417,704 126,066 2.148 62 53,432 6,411 135,329 66,716 601 35,925 502,658 378,051 123,677 1,972 61 52,640 3,244 1,439 4,765 5,942 '302 125,018 110,241 94,3G5 78,091 '62,903 75,882 84,537 85,665 '93,024 90,678 484 459 548 413 '671 34,467 36,943 41,218 52,637 ' 58,187 451,397 367,177 319,312 373,641 537,525 334,777 277,231 251, 645 299,142 430,104 67.667 74,499 107,421 116. 620 2,318 2,606 3,171 ' 3,541 1,861 72 50 54 53 60 54,941 59,942 77,692 118,088 139,108 1,635 1,646 1,310 1,626 1,502 1,681 1,605 1,630 1,946 2,017 2,306 1,900 1,465 975 1,054 557 863 443 1,013 605 920 576 1,021 632 995 615 952 659 1,103 821 1,061 950 1,122 1,120 989 927 843 632 2,892 1,962 1,895 1,724 1,890 1,757 1,570 1,797 1,8S1 2,255 2,607 2,570 2,066 815 1,331 626 1,206 517 1,249 600 1,122 1,323 465 2,664 1,397 479 1,660 587 1,903 691 1,843 726 1,938 1,333 548 2,409 2,986 2,805 1,945 1,552 1,079 853 1,274 1,129 1,080 862 1,146 1,495 1,174 1,786 1,124 1,673 996 968 890 673 1,928 754 1,746 1,954 1,713 1,334 557 1,739 1,063 677 1,150 793 1,058 663 1,067 670 1,929 444 1,964 979 METALS AND MANUFACTURES Page 140 Machinery and apparatus: Machine tools, orders, new av. mo. shipments 1926^100. 150.8 118.4 117.4 120.9 70.2 00.3 107.0 75.7 118.1 66.7 146.5 112.2 PAPER AND PRINTING Pages 145,146 Newsprint: Canada: Production short tons.. 208,382 222,500 202,601 224,604 200,794 207,678 201,694 202,546 220,303 231,940 254,872 245,295 209,753 201,852 159,107 162,906 182,687 214,182 193,288 208,476 205,490 204,668 230,346 255,100 264,421 225,472 Shipments from mills... do 167,968 106,394 146,089 188,006 174,618 189,008 182,226 179,282 194,917 196,511 Stocks, at mills, end of month do 177,157 161,438 United States: 77,264 72,514 61,357 67,864 58,836 68,001 65,382 63,278 67,436 68,315 72,827 78,390 75,855 Production do 72,967 62,829 62,480 66,138 57,348 66,197 66,204 69,718 66,006 74,336 72,203 76,278 77,974 Shipments from mills.— do 22,880 25,924 24,801 26,527 28,015 29,819 28,997 22,557 23,987 17,966 18,590 20,702 18,583 Stocks, at mills, end of month do TEXTILE PRODUCTS Pages 154, 155,158 Cotton: Consumption bales.. 591,991 Exports (excluding linters)..thous. of bales.. 290 12 Imports (excluding linters) do Stocks, end of month: Domestic, total do 16,409 Mills do.... 1,627 ' Warehouses do.. . 14,782 Spindle activity:! Active spindles thousands.. 22,440 Active spindle hours, total...mil. of hours.. 7,641 Average per spindle in place hours.. 295 Operations.. pet. of capacity.85.7 Wool: Receipts at Boston, total thous. of l b . . 15,539 5,374 Domestic do 10,164 Foreign do 433,258 426,866 399 647 19 512,626 413,169 426,149 443,043 448,453 420 193 176 377 196 14 20 19 15 25 561,406 534,037 642,778 465 389 201 11 18 11 481 14 565,307 361 11 13,574 1,759 11,815 13,283 1,808 11,475 12,710 1,768 10,942 12,187 1,700 10,487 11,633 1,581 10,052 11,138 1,412 9,726 10,908 1,263 9,646 10,878 1,053 9,826 14,121 1,107 13,013 16,820 1,507 15,313 17,292 1,714 15,578 17,028 1,697 15,331 22,325 5,681 213 63.5 22,347 5,587 210 66.6 22,291 6,508 245 21,773 5,264 198 59.5 21,342 5,459 206 59.4 21,142 5,668 214 60.8 21,915 5,925 225 70.2 22,153 7,375 2S0 76.2 22,189 6,613 252 76.1 22,114 7,118 273 81.9 22,449 7,575 291 83.6 22,445 7,187 277 82.3 5,763 575 6,529 5,504 1,025 6,798 6,159 639 14,821 14,090 730 40,900 40,198 702 44,989 44,181 65,322 64,582 740 44,506 42,069 2,437 16,047 10,021 6,026 22,222 18,487 3,735 24,341 21,239 3,103 13,678 9,009 4,670 ' Revised. t Revised series. Data revised beginning 1921; see footnote on p. 54 of the January 1939 Survey. NOTE.—The data in the above tables present, in advance of the monthly Survey of Current Business, such Items as were received during the week ended Saturday* February 18. These figures, like similar information in the table entitled 7*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 11 monthly Surveys of 56 pages each, a somewhat more extensive Annual Review Number, and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. O., for $2.00 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40. U. 5 . GOVERNMENT PRINTING OFFICEi I93»
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