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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C, JANUARY 11, 1940 SUMMARY OF BUSINESS TRENDS AUTOMOBILE manufacturers, operating 4 days last week, -£** assembled 87,500 units; this week output is expected to move above- the 100,000 mark. Sales of new passenger cars have held to high levels and the December results for the makers having adequate field stocks were quite favorable. For example, General Motors retail sales of cars and trucks in December were 31 percent higher than a year ago. Though declining 4 percent from November, sales were otherwise the largest for any month since the summer of 1937. Steel ingot production for the first 2 weeks of January has recovered from the let-up at Christmas and, averaging 86 percent of capacity, is 4 points- below the preholiday rate. This rate is about 70 percent higher than in the opening weeks of last year. For December the aggregate volume of industrial production declined somewhat less than has been the seasonal experience of recent years. With Chrysler operating on full schedules total automobile assemblies increased considerably; Ward's estimated the United States and Canadian total at 465,000 cars and trucks. Production in the iron and steel and textile industries declined less than seasonally. Available weekly data indicate that cotton mills operated at a high rate against a usual decided let-up and many producers of industrial equipment further increased output. Petroleum refining slackened somewhat during December but, as may be seen in the chart below, remained far higher than a year ago. Crude oil runs-to-stills in December averaged 9 percent above the year-earlier flow. With the high rate of gasoline production, the seasonal increase in gasoline stocks has been somewhat greater than usual and total stocks at the end of the year were 13 percent larger than on December 31, 1938. Thus far the petroleum industry has not received any marked stimulus from war demands. Sales of lubricating oils have been considerably higher than in the latter months of 1938 but shipments of crude petroleum in the last 3 months of 1939 were little changed from the corresponding period of 1938. Exports of automotive gasoline, moreover, have recently been smaller than the year ago volume. SELECTED BUSINESS INDICATORS ELECTRIC POWER STEEL INGOT PRODUCTION (PERCENT BITUMINOUS COAL (MILLIONS OF PRODUCTION SHORT (INDEX. (PERCENT) (THOUSANDS OF CARS) CRUDE OIL RUNS-TO-STILLS MISCELLANEOUS CAR ^ (THOUSANDS ' (NUMBER) V I ma~^ ML ' COMMERCIAL FAILURES LOADINGS OF C A R S ) 1/ \ ' 1 19Z6 = 100) YIELDS OF IZO^CORPORATE BONDS FREIGHT CAR LOADINGS •JTH3U3AN0S - OF VtHlCLES) PRICES OF 3 5 0 INDUSTRIAL STOCKS (DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS) AUTOMOBILE PRODUCTION 202004—40 (MOO0Y/S INDEX " DEC. 3 1 . 1931 = 1OQ ) CONSTRUCTION CONTRACTS - F W. DODGE TONS) _ J MILLIONS OF BARRELS-PAlLY AVERAGE' SPOT COMMODITY PRICES PRODUCTION (BILLIONS OF KILOWATT HOURS)_ OF CAPACITY) WEEKLY BUSINESS INDICATORS' [Weekly a/erage, 1923-25=100] 1940 1938 1939 1910 1937 1939 1938 1937 Jan. Dec. Dec. Dec. Jan. Dec. Jan. Jan. Jan. 31 23 16 Jan. Dec. Dec. Dec. Jan. Dec. Jan. Jan. Jan. 31 9 2 16 30 Finance—Continued. Banking: Debits, outside N. Y. 0 4 145.0 119.8 120.8 101.6 133.4 101.8 132.7 137.4 122.9 Federal Reserve reporting member banks: Loans, total 69.4 70.1 71.5 71.0 67.3 67.5 73.8 72.7 73.5 Commodity prices, wholesale: Interest rates: Dept of Labor, 1926^100: 24.2 24.2 24.2 24.2 24.2 24.2 Call loans*. ___ 24.2 79.4 79.3 78.7 77.0 76.9 80.8 85.2 84.7 Combined index (813) 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 Time loanst 68.5 67.8 66.8 67.6 68.3 72.7 90.9 90.4 Farm products (67) Currency in circulation! 71.9 72.1 71.1 72.6 72.5 76.8 86.7 Food (122)_ 155.8 157.4 158.4 156.3 140.5 142.0 133.9 133.2 135.1 80.5 83.5 83.0 82.6 Production: 84.4 84.3 S4.1 All other (624) 114.7 117.1 154.3 155.2 100.5 98.6 70.9 126.1 94.1 Automobiles Fisher's index-, 1926=100: 90.0 Bituminous coalt 96.7 18.7 85.2 88.1 92.4 65.8107.2 !105.2 86.3 86.2 85.9 85.2 80.0 80.3 Combined index (120) .46.5 123.2 81.3 85.0 135.0 133. 7 139.2 146.5 85.5 82.6 Cotton consumption! __ Copper, electrolytic^ 89.1 89.1 89.1 89.1 79.7 79.7 .56.4 130.2 127.3 128.5 134.7 124.2 144.3 158.5 156.4 Electric powerf-— Cotton, middling, spot 42.3 42.6 42.6 42,3 32.7 32.7 31.6 .47.8 47.8 Lumber. __. 31.8 60.1 45.7 29.5 30.4 43.1 36.4 42.6 126.8 165.2 56.7 Construction contracts! __ Petroleum* ___ 170.2 185.7 185.6 154.3 153.8 165.0 149,7 149.8 68.3 71.0 55.4 52.1 57.6 73.0 61.4 Distribution: Carloadings Steel ingots® 147.2 126.6 154.6 156.7 87.1 65.5 43.2 130.4 126.5 126.1 Receipts, primary markets: 102.9 113.6 Employment: Detroit, factory... 41.5 54.3 66.5 56.0 48.7 70.1 87.4 61.0 Finance: Cattle and calves _ 49.9 52.2 65.4 45.1 53.6 68.2 68.7 45.5 Failures, commercial _ 61.4 46.7 49.1 49.9 62.4 58.0 69.0 46.4 44.5 Hogs _ 101.5 105.4 .44.2 18.5 34.6 62.9 63.6 64.0 64.0 67.2 68.1 71.9 63.4 63.8 Bond yields^ 61.2 Cotton 22.3 30.3 36.3 27.0 23.6 26.8 25.6 114.0 112.4 111.7 111.8 110.5 110.1 92.3 142.1 139.5 Stock priccsj Wheat •Data do not cover calendar weeks in all cases. ^Computed normal=100. tDaily average. tWeekly average, 1928-30=100. ^Seasonally adjusted. <8>Index for week ended Jan. 13 is 147.9. d" For description of these indexes, see p. 4 of the Dec. 16, 1937, issue. Business activity:! New York Times§c?_ Barron'so1 Business Week . . . . 105.7106.6 ... 93.5 92.3 81.2 105.6 103.0 106.7 122.5 119.9 118.0 99.4 101.1 73.8 109.0 109.1 125.6 125.6 125.6 105.3 105.0 79.2 113.6 113.1 WEEKLY BUSINESS STATISTICS * 1940 Jan. 6 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York_ dol. perlb— Cotton, middling, spot, New York __do Food index (Bradstreet's)... __do Iron and steel, composite dol. per t o n . . "Wheat, No. 2 Hard Winter (Kansas City),dol. per bu_. Banking: FINANCE Debits, New York City.. mil. of dol Debits, outside New York City (140 cities) do.... Federal Reserve banks: Reserve bank credit, total. _do XI. 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, totalt do... Commercial, industrial, and agricultural loans § mil. of dol— Interest rates, call loans* percent.. Interest rates, time loans. do Exchange rates: French franc* cents.. Pound sterling* dollars.. Failures, commercial number.. Currency in circulation! mil. of dol.. Security markets: Bond sales (N, Y. 8. E.) thous. of dol. par value.. Bond yields (Moody's) (120bonds)t._ percentStock sales (N. Y. S. -E.)____ ...thous. of sharesStock prices (2V. Y. Times)* dol. per share.. Stock prices (Standard Statistics) (420) 1926=100Industrials (250) _ _ do. Public utilities (40) _ do. Railroads (30) do. 1939 1938 Dec. 30 Dec. 23 Dec. 16 0.123 .116 2.33 37.10 1.01 0.123 .116 2.34 37.10 1.04 0.123 .115 2.32 37.19 .98 0.123 .108 2.32 37.26 .93 4,133 5,605 3,832 4,629 4,449 5,603 3,799 4,707 2,564 2,484 11,721 5,271 2,568 2,489 11,493 5,046 2,645 2,496 11,378 4,900 18, 566 5,276 14,413 8,703 18,720 5,274 14,502 8,748 2,412 8.674 0.123 .115 2.34 Dec. 9 Jan. 7 Dec. 31 1937 Jan. 8 Jan. 9 1936 Jan. 2 Jan. 4 .72 0.110 .089 2.35 36.36 .71 0.099 .086 2.53 38.93 0.118 .130 2.97 36.52 1.41 0.114 .130 2.94 36.48 1.43 0.090 .121 2.79 33.31 1.18 4,649 4,620 5,153 3,379 3,937 4,131 5,131 4,386 5,311 4,255 4,750 4,125 4,283 2,543 2,512 11,288 4,849 2,568 2,512 11,617 5,154 2,604 2,564 8,819 3,298 2,610 2,564 8,577 3,072 2,603 2,564 7,071 1,267 2,464 2,430 6,627 2,010 2,484 2,430 6,572 1,946 2,486 2,431 5,587 2,844 18,923 5,255 14,533 8,762 18,981 5,251 14,652 8,863 18,824 5,237 14,516 8,724 15,888 5,161 13,114 8,189 15,986 5,160 13,219 8,266 14,219 5,225 12,023 8,056 15,425 5,052 13,768 9,303 15, .171 5,067 13,742 9,241 13,888 4,911 12,646 8,468 2,414 8,758 2,404 8,932 2,413 8,871 1,732 8,412 1,732 8,430 1,125 9,226 1,240 9,085 1,238 9,189 1,126 8,249 4,353 1.00 1.25 4,400 1.00 1.25 4,406 1.00 1.25 4,416 1.00 1.25 2,415 8,646 4,378 1.00 JL.25 3,826 1.00 1.25 3,843 1,00 1.25 1517 1.00 1.25 1.00 1.25 1.00 1.25 .75 1.00 2.232 3.938 250 7,565 2.237 3.950 190 7,644 2.236 3.947 200 7,691 2.229 2.213 3.905 231 7.553 2.628 4.646 254 6.823 2.631 4.656 236 3.395 5.002 281 6,501 4.671 4.911 189 6,467 4.671 4.912 181 6,560 6.608 4.929 215 5,881 30,280 3.63 3,557 110.73 94.8 111.4 89.4 30.7 43,350 3.67 4,742 109.15 91.3 107.4 86.5 28.8 43,890 3.69 4,174 108.44 91.8 108.0 86.5 29.3 38,590 3.70 3,850 108.06 92.5 108.7 86.9 30.2 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 37,760 4.15 6,051 96,600 3.66 13,020 138.02 123.5 143.2 111.7 54.6 74,240 3.68 8,225 135.48 124.2 144.5 110.9 64.6 73,510 203 7.588 41,070 3,69 4,168 108.53 91.9 107.9 87.0 29.9 0.110 .089 2.33 80.7 94.2 76.9 28.2 4.15 10,731 113.21 97.7 112.3 93.6 41.5 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles ...number 89,365 54,084 79,538 92,142 75,215 117,705 118,405 115,488 87,510 51,610 76,685 Bituminous coalt thous. of short tons.. 1,646 1,792 1,825 1,120 1,451 1,510 1,574 1,654 1,500 1,484 Electric power mil. of kw-hrs2,069 2,244 2,641 2,404 2,140 2,605 2,121 1,855 2,169 2,586 Petroleum*. .thous. of bbl.. 3,121 3,118 3.868 3,545 3,437 3,866 2,803 3,204 3,215 3,827 Steel ingots® pet. of capacity.. 77.0 79.4 90.0 73.7 25.6 91.2 38.8 46.7 50.7 92.8 Construction-contract awards.. thous. of doL. 6,841 «26,517 9,099 20,359 Distribution: Freight-car loadings, total... cars._ 550,270 654,817 681,166 687, 265 530,849 499,455 552,568 700,046 454,906 588,263 Coal and coke _ __do 141,682 141,797 153,977 146,520 140,554 126,917 137,947 117,694 182,918 109,370 Forest products do 25,070 30,037 19,766 16,626 24,258 34,144 31,711 34,996 21,733 17,960 Grains and grain products do. 25,747 29,860 28,662 39,672 35,547 32,702 26,441 38,310 29,324 25,892 Livestock . . . do.. 11,644 15,419 10,084 14,635 13,416 11,416 9,959 14,971 12,819 10,374 Merchandise, 1. c. 1 _ . "do 132,829 117,351 144,518 150,148 154,216 122,302 115,082 142,138 159,001 115,460 Ore "do-/* 8,969 5,360 9,826 8,982 11,811 8,317 6,454 11, 858 11,339 6,995 Miscellaneous do 226,639 268,682 290,052 292,360 208,772 185,205 207,717 272,985 169,344 242,322 Receipts: Cattle and calves. _ thousands.. 213 193 276 222 210 177 154 228 172 131 Hogs _ __ do 238 295 446 443 424 293 427 340 324 348 Cotton into sight thous. of bales.. 200 237 159 184 264 375 274 48 330 339 90 Wheat, at primary markets... ..thous. of bu.I 1,535 2,034 2,132 1,619 2,887 2,412 1,774 2,145 2,679 1,879 •2,813 ®Rate for week ended Jan. 13 is 86.1. tDaily 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 July 1939 issue of the SURVEY. ^SOURCE; Ward's Automotive Reports. "Includes contract awarded amounting to $121,650,000 (daily average $17,3*9,000) for T. V. A. dam at Cincinnati, Ohio. MONTHLY 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 Decem- DecemFebru1933 Supplement to the Survey. 'anuary ary ber ber COMMODITY PRICES Page 11 Prices received by farmers (U. S. Department of Agriculture): Combined index 1909-14=100.. Chickens and eggs do Cotton and cottonseed... do Dairy products ; do_ Fruits do. Grains.. do. Meat animals do. Truck crops do. Miscellaneous do. EMPLOYMENT CONDITIONS AND WAGES Pages 38, 39, 44, 47 Trades union members employed: AH trades. .percent of total.. Building.. _. do Metal do_._. Printing... do All other __ do On full time (all trades).. do Labor conditions: National Industrial Conference Board (25 industries): Average weekly hours per worker in factories t hoursLabor turn-over in mfg. establishments: Accession rate. .mo. rate per 100 employees,. Separation rate: Total ....do. Discharge. ._ do. Lay-off -do. Quit. do. "Wages :f National Industrial Conference Board (25 industries): Factory average weekly earnings...dollars.. Factory average hourly earnings do... 97 82 118 65 87 101 96 104 127 70 112 73 63 109 108 108 94 97 71 109 76 66 112 96 109 92 91 70 107 78 66 116 108 92 1939 March 71 100 81 m 116 114 83 April 87 70 95 82 67 114 102 May 90 85 72 92 85 72 112 110 June 73 94 93 73 107 105 81 July 73 m 80 66 107 101 August September >ctober ovember 90 71 100 70 64 101 101 100 102 76 107 73 83 117 114 97 108 74 112 73 77 112 128 94 97 117 75 117 66 79 107 130 75 88 92 92 72 82 36.6 36.6 30,8 36.9 36.8 36.5 '37.1 ••37.1 37.9 38.2 39.0 39.1 3.22 4.09 3.06 3.34 2.95 3.29 3.92 4.16 5.06 6.17 5.89 41.0 3.88 .09 3.21 .58 3.19 .10 2.24 .85 2.61 .10 1.87 .64 3.18 .13 2.23 .82 3.46 .10 2.60 .76 3.48 .13 2.67 3.31 .12 2.46 .73 3.36 .12 2.54 .70 3.01 .14 2.05 .82 2.79 .14 1. 1.07 2.91 .17 1.81 .93 2.95 .15 1.97 26.02 .713 29.95 ,713 26.11 .713 26.25 .715 26.27 .717 26.19 .720 26.79 .721 26.64 .721 27.29 .720 27.68 .722 28.24 .724 28.49 .727 FINANCE Pages 64,62, 65, 70, 71, 75, 76 Banking: Federal Eeserve banks, condition, end of month: 18,740 15,862 16,186 16,766 16,922 17,172 17,348 17,823 18,602 18,779 15,639 15,581 Assets (resources), total... mil. of dol.. 19,027 Eeserve bank credit outstanding, total 2,650 2,801 2,446 2,486 2,879 2,595 2,573 2,579 2,587 2,598 2,607 2,601 2,593 mil. of doh, 0 0 1 1 0 Bills bought _ do.._ 8 6 6 5 5 3 5 4 4 5 4 7 Bills discounted do.__, 2,552 2,736 2,804 2,564 2,564 2,488 2,426 2,571 2,484 2,551 2,564 2,574 2,564 United States securities do,__. 15,295 15,178 15,013 13,673 12,561 14,230 14,661 13,476 15,524 13,874 12,951 12,382 12,166 Reserves, total do— 14,976 12,125 12,553 13,103 13,326 13,524 13,878 14.321 14,679 14,838 15,209 11,948 11,798 Gold certificates do... 18,740 15,862 16,186 16,766 16,922 17,172 17,348 17,823 18,602 18,779 19,027 15,639 15,581 Liabilities, total do,.. 12,865 12,988 12,953 31,535 10,571 12,941 11,701 11,952 12,247 10,919 11,376 10,420 10,088 Deposits, total _ do... Member bank reserve balances, total 11,628 11,973 11,655 10,918 10,507 10,029 10,018 9,900 9,157 8,936 9,215 8,724 11,653 mill, of dol. 5,160 5,553 5,352 4,758 4,553 4,140 4,098 4,218 3,559 3,387 3,644 3,205 5,209 Excess reserves (estimated) do... Federal Reserve notes in circulation 4,862 4,773 4,720 4,631 4,458 4,511 4,477 4, 4,353 4, 4,452 4,959 mill, of dol. 86.3 85.5 85.0 86.9 86.3 85.6 85.4 85.1 84.2 84.7 83.9 83.7 86.7 Reserve ratio percent. Monetary statistics: Foreign exchange rates: .298 .298 .311 .312 .312 .31 .-312 .312 () .312 .311 .311 .298 Argentina doL per paper peso. .165 .167 .170 .170 .168 .170 .170 .168 .169 .169 .168 .166 .170 Belgium dol. per beljra. .878 .995 .893 .998 .998 .995 .996 .996 .995 .992 .991 .876 .913 Canada. ...dol. per Canadian dol. .022 .023 .026 _^026 .026 .026 .026 .026 .026 .026 .026 .022 .023 France. dol. per franc. .401 .401 .399 .401 .401 .401 .401 .401 .401.401 .401 .395 Germany dol. per reichsmark. .531 .533 .535 ,532 .531 .536 % .531 .544 .536 .542 .531 .532 Netherlands . . . .aol. per guilder _ .238 .241 .240 .241 .241 .241 .241 .241 .241 .238 .240 .238 .238 Sweden dol. per krona. 3.925 4.681 4.611 4.682 4.681 4.681 4.670 4.685 4.686 4.6 4.0U 3.930 3.995 United Kingdom dol. per £ . Public finance (Federal): 41,305 39,864 39,990 40,068 40,286 40,445 40,666 40,896 40,858 41,036 39,641 39,439 Debt, gross, end of m o . , * . . mil. of dol. 41,942 Public issues: 36,512 36,417 36,279 36,261 36,200 36,122 36,038 36,089 35,994 35,892 35,949 35,755 37,214 Interest-bearing* do... 516 510 540 548 554 538 531 543 533 534 528 497 Non-mterest-bearing* do... Special issues to gov't agencies and trust 4,295 4,109 4,063 4,094 3,918 3,492 3,770 3,666 3,454 3,382 3,215 3,156 4,231 funds* .mil. of dol_. 29,049 22,361 29,266 29,437 25,318 24,51" 25,528 27,213 35,595 32,418 24,318 25,121 Receipts, customs thous. of dol.. 27,814 Capital flotations:t Securities issued by type of security, total 739,540 217,944 thous. of dol. 328.851 529,182 277,339 540,723 239,929 355,941 1,312,257 604,380 585,732 458,60C 174,372 21,408 41,221 335,860 26.971 241,001 220,531 377,550 162,272 142,621 116.873 292,576 317,525 112,129 New capital, total .do... 403,68C 125,140 133,15! 346,47] 268,207 311,804 213,320 1,195,383 163,173 77,658 56,809 Refunding, total. . d o . . . 235,016 288,181 Securities issued by type of corporate bor99,668 258,809 182,742 282,039 225.987 340,692 90,194 175,514 112,200 16,213 159.686 rower, total.. _ thous. of dol. 221,251 310,038 21,408 18,200 23,571 52,979 77,060 21,240 30,241 49.464 25,395 16,01 5,827 59,544 26,971 New capital, total.. *_do.__ 7,658 5,957 1,099 9,864 17,045 3,987 32,198 20,171 18,572 75,981 1,027 48,801 14,083 Industrial. do... 1,475 1,505 125 25,892 1,930 12,666 579 403 2,475 4,202 1,170 6,461 5,360 Public utilities ...do... 90,792 46,689 181,749 161,502 251,798 176,523 315,298 74,175 157,314 10,386 136,115 Refunding, total do___ 194,281 250,493 12,000 3,443 605 95,875 20,123 2,000 79,810 15,301 60,175 3,986 56,404 Industrial d o . . . . 15,215 70,840 77,122 248,670 22,640 147,052 31,388 106,500 154,400 160,185 300 111,029 118,050 139, 795 Public utilities do Security markets: Stocks* Dividend declarations (N. Y. Times): 193,698 199,96$ 659,512 154,076 377,394 220,175 181,033 310,28 Total _. tbous. of doL 330,592 247,5C9 194,118 303,839 186,095 147,635 358.417 200,698 167,167 296,168 191,364 192,915 608,149 311,996 229,916 181,480 289,412 182,522 Industrials and miscellaneous—do. 51,362 7,05 18,976 19,477 13,866 14,11 2,33 6,440 3,573 12,638 14,427 17,653 18,596 Railroads. do. Quotations not available August 2S-October 16. • Data for November are the latest available. ' Revised a Qi Quotation not available September 1 and September 3-November 5,1939. . o«ww * JSew series. New items for Federal gross debt beginning June 1916 appear in table 21 p . 16, of the April 1939 Survey, appear in table 2, p. 18 of the t Revised series. Data for average weekly hours, weekly and hourly earnings revised beginning 1934 Revisions not shown a January 1940 Survey. Data for capital flotations revised beginning January 1937; see table 26, pp. 15 and 16 of the May 1939 burvey. MONTHLY BUSINESS STATISTICS—Continued 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 Decem- Decem1938 Supplement to the Survey. January ber ber 1939 February March April May June July August Septem- October November Finance—Continued Security markets—Con. Stocks—Con. Prices: Dow-Jones & Co., Inc. (65stocks): dol. per shareIndustrials (30 stocks) „ do... Public utilities (15 stocks) do,__ Rails (20 stocks)__ do... New York Times (50 stocks) do... Industrials (25 stocks) do... Railroads (25 stocks) do... TRANSPORTATION AND COMMUNICATIONS Page 85 Class I steam railways: Freight-carloadings (A. A, R.):l Total cars thousands. Coal do... Coke _do_._ Forest products.. __do.__ Grains and grain products __do.._ Livestock _.do.._ Merchandise, I. c. 1 do... Ore do... Miscellaneous '. __do.._ CHEMICALS AND ALLIED PRODUCTS Pages 97, 98 Vegetable oils and products: Oleomargarine: Consumption (tax-paid withdrawals) thous. of lb_. Price, wholesale, standard, uncolored (Chicago)-. _ dol. per lb_. Production ..thous. of lb.. Paint sales: Paints, varnish, lacquer, and fillers: Total thous. of dol.. Classified, total .do Industrial do Trade do Unclassified..^ L __ do 50.01 148.54 25.00 31.63 109.01 194. 21 23.82 49.32 150.12 21.91 30.52 105.36 186.99 23.74 49.13 146.87 23.30 31.20 102. 73 181.82 23.64 48.68 14160 24.94 30.31 102.22 181.21 23.24 48.99 145.06 24.84 31.07 100. 59 178.01 23.18 42.68 127. 73 22.05 25.75 90.46 161.51 19.41 44.43 132.56 23.05 27.02 94.19 167.73 20.67 45.66 136.52 23.66 27.59 96.95 173.12 20.79 46.82 139.26 24.96 28.29 99.74 178.03 21.45 46.47 137.88 25.68 27.67 99.44 178.21 20.68 50.47 150.72 24.36 31.97 110.38 195.86 24.91 51.80 152.15 25.64 34.27 110.33 194. 82 25.84 51.01 149.98 25.68 33.38 108.59 192.28 24.90 3,262 671 59 155 171 63 716 55 1,371 r 2, 947 '662 35 131 163 67 708 44 1,138 2,302 515 30 103 129 53 561 33 878 2,297 529 30 99 116 42 577 34 870 2,390 478 29 105 125 42 612 33 967 2,832 350 29 140 159 61 775 58 1,261 2,372 297 19 121 137 49 612 121 1,016 3,149 503 28 151 202 50 744 209 1,261 2,549 429 24 118 200 44 583 107 983 2,689 476 27 126 170 48 615 192 1,034 3,844 740 45 171 219 90 780 277 1,523 3,375 3,040 676 46 152 165 84 610 253 601 47 142 148 616 616 182 1,358 1,236 29,991 30,350 27,774 29,032 23,622 22,827 20,745 20,114 21,206 27,918 23,676 27,719 .143 30,373 .140 30,319 .140 27,701 .140 29,417 .140 23,325 .135 22,699 .135 21, 111 .135 19,262 .135 21,608 .124 28,105 .123 23,785 .128 27,886 20,515 15,036 7,417 7,619 5,478 24,229 17,828 8,180 9,648 6,401 24,415 17,395 7,982 9,413 7,021 31,555 13,377 8,551 32,666 23,830 9,469 14,360 8,836 40,138 28,546 9,611 18,935 11,592 36,886 26,197 9,781 16,416 10,690 29,472 20,769 8,199 12,569 8,703 33,087 23,413 9,309 14,104 9,674 36,960 25,515 10,420 15,095 11,445 34.540 24,995 10,976 14,020 9,544 29,396 21,772 10,234 11,538 7,624 20,262 10,969 14,373 8,827 10,216 13,085 8,473 12,562 8,656 23,333 20,170 17.381 17,042 11,864 12,759 9,880 12,077 22,655 11,584 31,609 13,135 26,723 15,893 4,540 6,673 18,625 12,528 6,261 ' 5,632 25,525 16,851 44,016 14,423 99,006 30,840 43,924 22,791 38,995 24,495 19,799 16,856 12,190 14,936 FOODSTUFFS Pages 106,10S Grains and grain products (principal markets): Corn: Receipts _._ thous. of bu.. Shipments do. Oats: Receipts do. Wheat: Receipts do. Shipments do. 21,923 9,469 4,756 5,658 6,221 4,304 5,769 4,461 11,500 13,086 14,892 18,252 11,900 12,758 9,512 9,251 13,748 11,113 16,000 11,174 FUELS AND BYPRODUCTS Pages 117,119 Coal: Anthracite: Production thous. of short tons. p 3,862 4,953 4,114 4,533 3,604 5,296 Bituminous: Production do... 37,283 35,530 36,541 10,747 33,910 35,290 Coke, beehive: Production .do... 20 77 76 '. 71 METALS AND MANUFACTURES Pages 131, 133, 137, 138 Pig iron and iron manufactures: Pig iron: Production thous. of long tons.2,211 2,060 2,175 3,750 2,056 2,395 Steel, crude and semimanufactured: Ingots, steel: Production thous. of long tons. 5,164 3,131 2,974 3,174 3,405' Percent of capacity 53 52 53 90 55 Nonferrous metals: Tin: Deliveries long tons— 11,366 4,105 5,980 4,330 3,400 4,755 38,280 Visible supply, world, end of mo.f do 40,035 39,100 37,712 37,224 37,788 3,302 United States. do 4,624 5,157 3,385 5,806 Zinc: Production, slab, at primary smelters short tons.. 57,941 45,345 44,277 39,613 45,084 43,036 Retorts in operation, end of mo...number.- 48,159 39,500 38, 793 39,459 38,251 38,763 Shipments, total short tons— 53,468 42,639 39,354 45,291 39,828 40,641 Stocks, refinery, end of mo do 65,995 126, 769 128,407 128,192 127,985 130,380 5,073 3,530 2,912 3,832 4,776 4,919 •• 3,936 17,880 27,900 29,135 34,688 38,150 45,950 42,835 25 52 46 44 75 256 ••346 1,718 2,118 2,356 2,660 2,879 3,628 3,720 3,125 53 3,163 55 3,763 61 4,231 71 5,394 91 5,463 92 5,905 33,715 3,387 4,925 30,— 5,275 29,615 5,339 6,295 26,338 3,613 5,050 31,168 3,413 6,040 38,206 3,536 7,870 38,035 42,302 36,331 39,607 133,075 39,450 36,291 37,284 135,241 40,960 39,669 34,443 35,491 49,928 43,128 131, 782 122,814 42,225 37,729 69,424 95,615 50,117 43,109 73,327 72,405 53,524 46,867 64,407 61,522 264,348 372,893 93,643 375,772 • 64.2 259,996 383,371 95,058 376,509 66.6 255,830 382,682 108,427 314,316 454,817 119,502 443,226 72,4 320,073 628,272 290,467 445.387 75.5 365,396 497,834 285,935 506,466 85.6 339,335 414,224 204,800 482,808 81.8 Paper and Printing Page 146 Papcrboard: Consumption, waste paper .short tons,. Orders, new.... do Orders, unfilled, end of month do Production do Percent of capacity Stocks of waste paper, end of month: At mills short tons.. () 8 221,768 334,711 94,411 329,181 60.1 233,311 342,408 109,099 323,394 61.2 247,710 338,030 112,801 338,803 67.8 292,474 429,545 124,420 421,576 73.4 262,918 347,575 97,340 372,984 69.1 63.9 290.648 2R2,095 262.344 248,595 255,354 259,423 255,677 257,889 246,219 214,352 218,649 215,580 C) * Revised. P Preliminary. «• Data for November are the latest available. tRevised series. World visible supply of tin revised beginning January 1935 to include stocks of refined tin at all European smelters; data not shown on p. 50 of the November 1939 Survey will appear in a subsequent issue. ^Data for December 1938, and April, June, September, and December 1939 are for 5 weeks, other months, 4 weeks.