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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.