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SURVEY OF CURRENT BUS1NE!S§
WEEKLY SUPPLEMENT
***
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C.f JANUARY 12, 1939
SUMMARY OF BUSINESS TRENDS
rate of ingot production, seasonally corrected, was down less
than 10 percent from the November average. In early January
steel ingot production was above 50 percent of capacity as
compared with 39 percent in the final week of 1938 and a rate
of 60 percent early in December.
The forward movement in business activity since June 1938
has not been accompanied by any material rise in commodity
prices. Quotations for certain of the more sensitive raw materials are currently higher than in June but the wholesale price
index for raw materials compiled by the Bureau of Labor Statistics was at" a 1938 low in December. PriceiTof finished manufactured goods at wholesale have continued downward in recent
months and in December were 5 percent lower than at the
beginning of 1938. Prices received by farmers have increased
slightly in recent months. The mid-December index at 96
(1909-14=100) was up 4 points from the 1938 low, but onefourth below the average in the first half of 1937.
TJEPORTS on retail trade for December Were generally
" favorable with dollar figures in several important lines as high
as a year earlier. Since prices are lower than at the end of 1937,
it appears that unit volumes were larger than in the final month
of that year. Department-store sales increased seasonally from
November, the adjusted index of the Board of Governors of the
Federal Reserve System remaining at 89 (1923-25 = 100); sales
equalled the dollar totals in the comparable month of 1937 for
the first time. Variety-store sales were higher than in December
1937. According to partial data, retail deliveries of passenger
cars were substantially larger than a year earlier, a continuation
of the year-to-year gain noted in November.
The improvement in industrial production under way since
midyear was not continued throughout December—weekly
data revealed a more-than-seasonal slackening in the final fortnight of the year. However, aggregate output for the month was
fully one-fifth larger than a year earlier. Curtailment of steelmill operations during December was sharp though the daily
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(PZUUHT
AUTOMOBILE PRODUCTION
OF INGOT CAPACITY}
'jjt'-l 'rUlull w 1 UJ 1J>U1 ' ^ 1 m t o l '(JcV 1 w 1 •<?£;
BITUMINOUS COAL PRODUCTION
(THOUSANDS Of SHQSt TOKS)
(
ol
A
F
FREIGHT CAR LOADINGS
(THOUSANDS Of CARS)
vtma.Es)
'•!>!«' 1 WAiui i 'U 1 1 m 1 JuU 1 ^ 1 IJ<LI^PVI - ^ l UJ I ;&•;
BARREi-SjMJAJLV
(MiLLfOHS OF
AVERAGE)
.
1935
119123—39
'-'^ I ^ i 1 ^ 1 '*»' Iu 1 1j^u 1 ^ i ; i m 1 ^ v 1 ' ^ ' 1 m 1 ' ^ ' '
ELECTRIC POWER PRODUCTION
CRUDE PETROLEUM PRODUCTION
fTHOU5AN05 OF
oi
KILOWATT
HOURS)
WEEKLY BUSINESS INDICATORS*
.
;
^Weekly average, 1923-25=100]
Construction contracts^
Distribution: Carloadings
Employment: Detroit, factory
Finance:
Failures, commercial...
Bond yields!.
Stock prices!
92.4 91.8 93.7 81.2 105.6 103.0 95.6 94.7
101.0 101.1 102.1 73.8 109.0 109.1 91.3 91.9
103. 5 104.1.2 79.2 113.6 113.1 98.2 97.2
80.8
72.7
76.8
83.6
76.9 76.6 76.7
67.2 67.4
72.2 72.6
80.6
85.2
90.9
86.7
83.0
84.7
90.4
86.2
82.6
80.5
78.3
84.6
78.8
80.9
79.3
85.8
78.8
84.4 84.0
80.0 80.3 79.7 79.8 83.2 90.0
79.7 79.7 79.7 79.7 71.7 85.5 82.6 65.2 65.2
44.5
32.7 32.7 32.4 31.6 31.6 47.8 47.8
126.8 82.3 80.3
42.6
52.1 59.9 63.2 57.6 73.0 61.4 64.1 56.5
100.9
126.1
102.9
69.0 46.4 44.5
62.4 58.0 56.3
52.8
6S.5 68.8 71.9 63.4 63.8
67.2
110.5 110.1 107.8 107.6 92.3 142.1 139.5 118.2 116.6
Finance—Continued
Banking:
Debits, outside N. Y. C.J.-..
Federal Reserve reporting
member banks:
Loans, total._.,..*
Interest rates:
Call loans?
Time loanst
Currency in circulation!
Production:
Automobiles
Bituminous coall
Cotton consumption^
Electric powerf
Lumber
Petroleumt
_
Steel ingots®
Receipt, primary markets:
Cattle and calves
Hogs
Cotton
Wheat-—
•Data do not cover calendar weeks in all cases.
§Computed normal=100.
0Index for week ended Jan. 14, is 87.3.
cfFor description of these indexes, see p. 4 of the Dec. 16, 1937 issue.
133.4 101.8 118.5 89.4 132.7 137.4 122.9 90.6 110.9
67.3 67.5 67.8 68.0
24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6
140.5 142.0 143.2
141.7
73.8 72.7 73.5 65.0 66.0
18.2 18.2
24.2 24.2
28.6. 28.6 28.6 22.9 22.9
133.9 133.2 135.1119.4
100.6 98.6 121.7 134.9 70.9126.1 94.1 128.6
92.4 82.2 79.4 65.6 104.5 104.9 91.1
1C6.5. 124.0 85.0 135.0 133. 102.4
127. 3 141.8 140.0 128. 5 134.
;. 7 124.2 118,1.3
29.5 51.4 40.3 30.4 43.1
48.6
J>5.6 157..3 165.0 149.7 149.8 134.9
153.7 165.6
85.6 65.5 87.3 97.2 43.2 130.4 126.5 81.3
48.7 57.9 68.4 70.1 87.4 61.0 87.2
63.6 52.7 64.4 68.2 68.7 45.5 74.2
18.1 36.5 56.2 67.3 70.8 61.2 91.2 73.5
27-0 23.6 44.2 48.2 26.8 25.6 20.4 25.1
fWeekly average, 1928-30=100.
JDaily average.
1936
Jan. Jan.
Jan. Dec. Bee. Dec. Jan. Jan.
.7
17
Jan. Dec. Bee. Dsc. Jan. Jan. Jan, Jan. Jan.
11
4
7
17
31
Business activity:1 1
New York TimesSe? Barr on'so 1 .-.„._
Business week
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (S13)__
Farm products (67)
Food (122)
All other (624)
Fisher's index, 1926-100:
Combined index (120)
Copper, electrolytic t
Cotton, middling, spot
1937
1938
1939
1036
1937-
1939
84.3
97.1
103.4
111.3
35.8
134.6
77.2
67.2
36.6
76.9
19.3
^Seasonally adjusted.
WEEKLY BUSINESS STATISTICS*
1939
Jan. 7
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New YorkJ
^dol. perltK.
Cotton, middling, spot, New York
do
Food index (Bradstrect's)
do
Iron and steel, composite
dol. per ton..
Wheat, No. 2 hard winter (Kansas City)...dol. per bu.._
Banking:
FINANCE
Debits, New York City
mil. of dol..
Debits, outside of New York City
do
Federal Reserve banks:
Reserve bank credit, total
do
U. S. Government secuiities
do
iMember 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 do!..
Interest rates, call loanst
percent..
Interest rates, timeloanst
do
Exchange rates:
French franct
centsPound sterling*
dollars..
Failures, commercial
number..
Currency in circulation*
mil. of dol_.
Security markets:
......
Bond sales (N. Y. S. E.)
thous. of dol. par value..
Bond yields (Moody's) (120 bonds)J__
percent..
Stock sales (N. Y. S. E.)
thous. of shares..
Stock prices (JV. Y, Times)X
dol. per share..
Stock prices {Standard Statistics) (420)
1926=100Industrials (348)
do
Public utilities (40)
do....
Railroads (32).
_
do
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles
numberBituminous coalj
..thous. of short tons..
Electric power
mil. of kw.-hr..
Petroleum}
thous. of bbl—
Steel ingots®
pet. of capacity..
Construction-contract awardsj
thous. of dol—
Distribution:
Freight-car loadings, totnl
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..
Dec. 31
Dec. 24
Dec. 17
Dec. 10
C.110
.086
2.38
36.38
.67
0.110
.086
2.
0.110
.089
2.33
36.36
.72
0.110
.089
2.35
36.36
.71
0.110
4,620
6,153
3,379
3,937
5,214
5,493
3,676
4,148
3,839
4,380
2,604
2,564
8,819
3,298
2,010
2,564
8,577
3,072
2,656
2,564
8,472
2,079
2,600
2,564
9,C34
3,476
15,888
5,161
13,114
8,189
15,986
5,160
13,219
8,266
16,025
5,141
13, 269
8,333
1,732
8,412
1,732
8,430
3,827
1.00
1.25
Jan. 8
Jan. 9
1936
Jan. 2
Jan.11
1935
Jan. 4
Jan. 12
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
.119
2.76
33.33
1.15
0.C90
.121
2.79
33.31
1.18
0.088
.127
2.65
32.57
1.03
4.386
5,311
4,255
4,750
4,684
4,678
4,125
4,283
3,227
3,512
2,591
2.564
8,966
3,442
4,131
6,128
2,603
2,564
7,071
1,267
2,404
2,430
6,627
2,010
2,484
2.430
6,572
1,946
2,476
2.430
5,745
3,002
2.4S6
2,431
5,587
2,844
2,467
2,430
4,283
1,986
16,221
5,130
13.008
8,080
If, 114
5,127
12,990
8,087
14,219
5,225
12,023
8,056
15,425
5,052
13,768
9,303
15,571
5,067
13,742
9,241
13,673
4,924
12,710
8,516
13,888
4,911
12,646
8,468
11,453
4,820
11,380
7,776
1,718
8,473
I, €96
8,496
1,685
8,4G0
1,125
9,226
1,240
9,C85
1,238
9,189
1,135
8,124
1,126
8,249
647
8,045
3,843
1.00
1.25
3,857
1.00
1.25
3,872
1.00
1.25
3,881
1.00
1.25
4,517
1.00
1.25
1.00
1.25
1.00
1.25
.75
1.00
.75
1.00
1.00
.88
2.628
4.646
254
6,823
2.631
4.656
236
6,896
2.633
4.6G6
229
6,952
2.629
4.670
216
6,881
2.637
4.681
221
6,849
3.395
6.002
281
6,501
4.671
4.911
189
6,467
4.671
4.912
181
6,5C0
4.944
271
6,796
6.608
4.929
215
6,881
6.616
4.910
306
5,435
39,410
3.88
5,808
107.33
95.6
114.5
80.8
32.5
50,970
3.93
7,537
106.94
92.6
111.3
77.5
30.1
52,060
3.95
5,980
104.65
91.1
109.7
76.9
28.2
57,080
3.97
7,356
104.48
93.0
112.0
78.3
29.0
41,080
3.96
4*616
102.27
91.2
109.6
77.9
27.9
37,760
4.15
6,051
89.68
80.7
94.2
76.9
28.2
86,600
3.66
13,020
74,240
3.68
8,225
135.48
124.2
144.5
110.9
54.6
112,540
4.08
18,249
114.76
100.1
114.3
97.8
43.9
73,510
4.15
10,731
113.21
97.7
112.3
93.6
41.5
100,360
4.70
6,211
87.00
71.1
83.0
58.0
36.4
76,685
75,215
1,574
2,121
3,201
38.8
20,359
92,890
1,400
2,363
3,450
51.7
13,218
102,905
1,353
2,333
3,276
57.6
12,894
100,705
1,365
2,319
3,245
54,084
1.117
2,140
3,437
25.6
06,230
71,800
1,764
2,069
3,121
77.0
6,841
1,551
1,971
2,810
49.2
64,340
1,654
1,855
2,803
46.7
59,225
1,204
1,773
2,539
43.4
4,623
499,895
138,398
17,945
25.897
10,374
115.079
6,995
185,207
574,462
140,435
27,612
30,724
11,997
140,900
9,001
213,793
606,314
133,048
29,113
35,956
13,177
148,091
8,260
619,340
134,964
28,043
34,421
14,545
151,325
10, ?81
245,761
552,314
117,317
24. ?2fl
39,672
14.641
142,136
6,454
207,868
700,046
182,918
30,037
29,860
15.419
159.001
9,826
272,985
141,682
25.070
25,747
11,644
132,829
8,969
242,322
614,853
161,536
26,184
31,764
14,886
114,264
6,470
225,749
641,826
155,873
21,257
25,068
11,024
123,908
4,722
199,974
553.518
138.437
19,919
26,271
15,350
149,972
3,612
199,957
154
348
95
1.879
183
342
146
3.519
216
418
175
3,837
23"*
357
239
3.874
222
443
184
2,132
276
440
159
2,034
193
295
237
1.619
275
481
191
212
238
200
1,535
265
347
98
1, KF8
50.7
47
2.145
•Data do not cover calendar weeks in all cases.
1937
1938
2.34
36.37
JDaily average.
.67
138.02
123.5
143.2
111.7
54.6
1,780
2,244
3,118
79.4
$Rate for week ended Jan. 14 is 5L 7.
MONTHLY BUSINESS STATISTICS
Monthly statistics, through December 1S35, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey
COMMODITY PRICES
Page 11
Prices received b y farmers (U. S. Department
$ of. Agriculture):
Combined index
1909-14=100..
Chickens and e g g s . . .
._
do
Cotton and cottonseed._____
do..__
Dairy products.__•_'-______.
.60
Fruits
„
..do
Grains
do
Meat animals
do
Truck crops
do
Miscellaneous
do
1938
1937
Decem- Decem- January Februber
ber
ary
96
127
70
112
73
63
109
107
108
104
127
64
136
76
SO
111
112
118
102
113
86
128
70
91
110
101
114
110
121
97
1933
March
96
93
70
117
69
85
117
107
April
71
110
63
82
114
117
86
May
92
98
71
103
77
79
111
99
82
June
92
99
68
98
73
77
116
99
84
July
95
103
71
101
79
72
123
115
87
August
SO]
iber
October
92
105
69
102
78
62
115
91
99
95
118
69
104
75
63
117
93
98
95
124
72
107
70
60
131
108
107
November
94
131
73
109
71
60
111
GS
95
DOMESTIC TRADE
Pages 27, 28. 29
Retail trade:
Chain-store sales:
Variety-store sales:
H. L. Green Co., Inc.:
Sales
....thous. of doL.
S. S. Krcsge Co.:
Sales.
do
Stores operated
number..
S. H. Kress & Co.:
Sales
Jl_-. r
.thous. of doL.
Stores operated
_
number..
McGrory-Storcs Corp.:—
Sales
thous. of dol__
Stores operated
number..
G. C. Murphy Co.:
Sales
thous. of doL.
Stores operated
number..
F. W. Wool^orth Co.:
Sales
thous. of doLStores operated
number..
Other chains:
W. T. Grant & Co.:
Sales
thous. o(dol._
Stores operated
number..
Department stores:
Sales, total XL S., unadjusted
•
i
1923-25=100.
Atlanta
do...
Boston
do...
Chirac*) . . . . .
. . . . . . . . . _do__.
Cleveland
..do...
Dallas..
do...
Kansas City
1925=*100,
Minneapolis..
1920-31-100.
Now York
1923-25=100.
Philadelphia..
..do...
Richmond
..do...
St. Louis
do-..
San Francisco
--do—
Sales, total U. S., adjusted
do...
Atlanta
do,..
Chicago
do...
Clereland.
do...
Pallas
..do...
Minneapolis
1923-31 = 100.
NewYork....
3923-25=100,
Philadelphia.
do....
St. Louis
_
..do
Satt;Francisco
-.do
5,952
5,400
1,790
1,780
2,156
2,787
2,333
2,496
2,36-J
2,315
2,513
2,833
2,819
24,114
657
8,607
687
8,914
681
10,053
C81
11,9G5
681
10,253
681
10,643
680
10,004
681
10,179
682
11,972
686
5,159
233
5,358
234
6,054
23fl
6,671
236
6,507
6,235
5,822
239..
6,827
23S
6,613
7,003
200
6,763
200
2,476
200
2,641
201
3,005
201
3,493
201
2,909
201
3,200
200
2,946
199
6,336
238_
2,960
200
11,125
685
6,179
12,353
685
14,429
238
22,896
6S6
14,616
234
2,955
200
3,186
200
7,222
201
6,592
200
2,490
200
2,489
201
2,782
200
3,652
201
3,160
201
3,294
201
3,301
201
60,379
2,017
47,183
2,013
19,157
2,005
20,054
2,007
22,055
2,012
25,926
2,012
22,714
2,011
23,149
2,010
491
16,613
482
5,325
480
6,523
481
6,530
481
8,OS1
481
7,214
480
156
193
132
155
151
184
149
142
169
130
206
138
165
89
H4
70
86
66
70
67
87
67
72
74
51
79
69
77
90
109
88
88
114
«7
94
71
80
70
99
54
77
101
67
86
76
97
86
93
77
59
97
78
81
86
109
95
88
104
98
90
60
84
86
110
78
87
89
100
84
97
88
66
110
85
90
83
105
82
79
80
107
67
80
79
103
79
85
81
61
99
77
87
78
106
79
74
103
82
84
61
77
90
f 155
*205
M38
51
9 180
»149
» 145
MOO
P I2S
P20S
PH4
M65
'89
p]20
»I04
93
92
1OT
94
95
72
84
97
EMPLOYMENT CONDITIONS AND
WAGES
Page 38
Trade-union members employed:
All trades
percent of t o t a l . .
Building
..do
Metal.
..do....
AUotheri"
*..
do—S.
On full time (all trades)
......_do
FINANCE
Pages 54, 55, 56, 65, 76, 77
Banking:
Federal "Reserve banks, condition, end of
month:
Assets (resources) t o t a l .
mil. of d o L .
Reserve b a n k credit outstanding, total
mil. of d o L .
Bills bought
do
Bills discounted
do
United States securities
do
Reserves, total
do
Gold certificates
do
Liabilities, total
do....
Deposits, t o t a l .
do
Member bank reserve balances, total
mil. of dol_.
Excessreserves ( e s t i m a t e d ) . . . d o
Federal Reserve note's in circulation
:
mll.ofdoL.
Reserve ratio
percent..
Money and Interest rates:
Open market rates, N . Y . C :
Acceptances, prime, bankers
do
Call loans, renewal (N. Y. 8. JE.)._.do
ConVl paper, prime (4-6 mo.)
do
Time loans, 90 days (JV. Y. S. E.)
do
Discount rate (N. Y. F. R. Bank)
do
* Revised.
ns
70
91
66
64
74
55
7fi
69
76
88
112
85
85
107
87
91
72
81
90
8,308
201
22.733
2,010
3,087
201
22,566
2,011
3,294
200
3,811
201
23,491
2,013
26,774
2,017
25,295
2,018
7,608
483
6,971
434
6,834
484
7,653
484
8,970
487
8,635
79
94
74
82
75
90
72
92
85
63
103
58
79
16
60
59
72
61
68
62
46
72
58
73
83
113
83
78
103
96
88
65
85
89
65
100
55
'72
65
83
74
81
64
48
81
63
91
120
73
96
89
117
88
107
94
67
110
93
82
86
127
93
86
105
98
90
68
87
79
92
126
86
91
87
113
92
109
98
75
127
92
91
84
106
82
82
100
92
85
65
81
104
84
78
101
93
89
63
75
90
128
87
78
108
93
88
62
S3
90
82
65
75
-8786
62
64
75
87
88
63
3,594
201
'126
86
'96
93
MIS
••89
96
'106
'82
118
95
'102
'89
"111
'105
'89
71
'96
85
84
68
76
-S3™
65
66
64
15,581
12,880
12,697
12,796
12,925
14,322
14,179
14,214
14,285
14,261
14,573
14,861
15,293
2,601
1
2,593
2,590
2,611
2,594
2,582
2,596
2,589
2,585
2,600
2,586
2,584
12
2,564
9.556
9,127
12,697
7,775
10
2,564
9,637
9,183
12,796
7,850
13
2,580
9,223
12,925
7,917
9
2,564
11,091
10,650
14,322
9,298
9
2,564
11,030
10,648
14,179
7
2,564
11,049
10,642
14,285
9,270
7
2,564
11.026
10,640
14,261
9,212
2,563
11,295
10,918
14,573
9,406
2,564
11,639
11,272
14,861
9,212
8
2,564
11,041
10,645
14,214
9,247
• 8
2,564
12.166
11,798
15,581
10,088
2,012
1
10
2,564
9,481
9,129
12,880
7,577
9,672
2,564
11,970
11,613
15,293
9,935
8,724
3,205
7,027
1,212
7,237
1,383
7,248
1,415
7,287
1,546
7,623
2,548
7,665
2,568
8,024
2,875
8,164
3,022
8,179
2,941
8,193
2,869
8,713
3,227
8,876
3,380
4,452
83.7
4,284
79.9
4,138
80.2
4,139
80.4
4,142
80.3
4,148
4,157
82.5
4,149
82.4
4,135
82.4
4,169
82.4
4,253
82.7
4,315
83.2
4,385
83.6
LOO
1.00
LOO
LOO
LOO
LOO
1.00
L00
LOO
* Preliminary.
1.00
*
1.00
7
L.
LOO
1.00
L00
J
MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics, through December 1835, to- 1938
gether with explanatory notes and references
to the sources of the data may be found in the Deceit
1936 Supplementjo the Survey
.
ber
FINANCE—Continued
Public finance (Federal):
Debt, gross, end of mo
rail,
of dol.
Public issues: .
Interest bearing*
_
do
Noninterest bearing*
...do
Special issues to gov't agencies and trust
funds*mil. ofdoL.
Receipts, customs
-thous. of doL.
Security markets:
Stocks:
Dividend declarations (N. Y, Times):
Total.-.
thous. of dol..
Industrials and miscellaneous...do
Railroads
.
do
Prices:
Dow-Jones & Co., Inc. (65 stocks):
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. i?.):$
Total cars
thousands.
Coal
__do___
Coke
do
Forest products
-do
Grains and grain products.,..
do
Livestock
_
do
Merchandise 1. c. 1
—do
Ore
do
Miscellaneous
_do
FOODSTUFFS
Pages 106, 108
Grains and grain products (principal markets):
Corn:
,
Receipts
—thous; of bu,_
Shipments.
do.
Oats:
Receipts-..do.
"Wheat:
Receipts
do.
Shipments
do.
FUELS AND BYPRODUCTS
Pages 117,118,119
Coal:
;
Anthracite:
Production
thous. of short tons..
' Bituminous:
Production..
_
do
Coke, beehive:
Production
_
do
METALS AND MANUFACTURES
Pages 131,133, 137,138
Pig iron and iron manufactures:
Pig iron production
thous. of long tons..
Steel, crude and semimanufactured:
Ingots, steel:
Production
thous. of long tons..
Percent of capacity
Nonferrous metals:
Tin:
Deliveries
_.
long tons..
Stocks, end of month:
World visible supply.
do. „
United Statesdo. .
Zinc:
Production, slabf at primary smelters
short tons..
Retorts in operation, end of mo..number..
Shipments, total,.
short tons..
Domestic
do
Stocks, refinery, end of mo
do
TEXTILE PRODUCTS
Pages 154,156
Cotton:
World visible supply, tctaL.thous. of bales..
American cotton
..do
Silk:
Deliveries (consumption).,.
.bales..
Stocks, end of month:
Total visible supply—
do
TRANSPORTATION EQUIPMENT
Page 160
Automobiles:
Salos (General Motors Corp.):
To consumers in U. S.»
number.^
To dealers, total_
do
To U. S. dealers
do
1938
1937
Decem January
ber
March
April
May
June
July
August
39,427
37,286
S»7,459
37,636
37,560
37,513
37,424
37,167
37,194
37,596
•38,395
38,423
38,603
35,743
528
34,489
571
34,579
565
34,603
553
34,486
556
34,465
546
34,291
551
33,903
5S9
33,834
549
34,112
541
• 34,920 34,948
526
543
34,978
53
3,156
25,121
2,227
30,129
2,314
26,193
2,481
24,203
2,518
26,307
2,501
24,430
>8
22,336
2,676
21,950
2,810
23,101
28,673
2,933
28,590
2,949
30,797
3,090
27,338
247,569
229,916
17,652
411,525
389,048
22,477
253,782
235,898
17,885
304,053
277,143
26,910
167,170 240,965 185,428
157,175 230,994 182,735
9,995
2,693
9,970
180,506
169,901
10,605
509,160
486,396
22,765
49.32
150.12
21.94
30.52
105. 36
180.99
23.74
42.23
125.54
21.55
31.50
90.24
156.24
24.24
42.26
128.38
20.80
30.17
91.35
159.53
23.18
40.92
126.08
19.23
28.81
2,949
664
35
131
163
67
70S
44
1,138
'2,753
'641
'29
••117
••163
'64
••686
MO
'1,014
2,714
600
32
119
179
*68
6S7
34
996
20,262
10,969
34,605
16,656
o3,726
21,362
5,658
5,408
6,403
14,892
18,252
10,648
16,339
10,910
13,553
171,979 152,753 366,435 222,001
166,012 147,052 353,652 207,374
5.701 12,783 14,627
5,967
37.86
119.07
17.96
24.63
83.14
148.12
18.17
35.57
112.85
17.76
21.52
81.92
146.70
17.13
36.38
114.20
22.00
19.09
80.47
143.93
17.01
38.73
118.79
19.38
21.82
85.70
153.92
17.49
46.05
139.47
21.64
28.16
98.90
175.95
21.85
46.13
140.97
20.01
28.49
99.74
177.53
21.95
43.98
137.04
18.49
25.62
95.68
171.70
19.68
49.64
150.36
22.92
30.62
106.81
189.69
23.95
50.32
151.96
23.35
31.29
105.29
186.99
23. £9
2,155
442
23
105
127
45
577
29
2,223
381
20
108
133
44
606
31
900
2.650
405
20
122
160
58
754
40
1,092
2,186
344
16
105
130
51
597
55
887
2,171
339
16
104
135
44
570
94
870
2.862
447
21
132
274
54
710
114
1,110
2,392
382
18
120
191
49
598
98
936
2,553
468
22
120
148
63
604
106
1,022
3,542
668
31
159
221
102
799
141
1,422
2,530
511
26
109
137
69
594
65
1,018
17,971
11,760
23,553
12,921
29,948
24,367
31,867
38,706
28,104
27,987
26,573
27,617
17,419
18,061
17,240
9,942
45,157
18,994
16,356
4,730
4,381
5,267
3,609
9,703
24,669
10,128
7,707
4,199
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
21,696
157.18
22.28
8,542
10,395
M,471
4,759
4,815
3,539
4,015
3,138
4,255
4,291
2,571
2,729
3,337
4,165
'3,728
'36,230
37,122
30,880
27,440
26.745
22,380
21,266
22,470
23,357
28,665
32,276
35,094
••36,110
P79
135
117
105
97
75
5S
52
50
56
•2,429
1,490
1,429
1,298
1,452
1,376
1,255
1,062
1,202
1,494
1,680
2,054
2,270
3,143
34
1,473
26
1,733
30
1,704
32
2,012
33
1,925
33
1,807
31
1,638
28
1,982
35
2,547
42
2,658
45
3,118
53
3,572
61
. 44
'70
3,400
5,020
5.550
4,420
4,555
3,745
4,275
4,205
3,775
3,775
4,465
4,960
3,535
30,554
5,157
27,044
6,385
27,101
4,866
25,261
5,116
29,125
4,458
30,606
4,447
27,909
3,679
29,061
4,247
31,097
4,071
32,251
5,232
32,476
4,573
31,539
4,500
30,698
5,060
44,S25
39,063
38,999
38,999
126,604
51,474
48,812
28,675
28,675
65,333
48,6S7
42,423
24,931
24,911
41,146 43,399
39,267 36,466
22,097 33,528
22,097 33,528
108,138 118,009
38,035
34,691
20,S06
20,806
135,238
37.510
31,525
24,628
24,628
148,120
30,799
26,437
29,248
29,248
149,671
30,362 32,296 32,328
25,596 29,767 31,555
33,825 36,507 43,582
33.825 36,507 43,582
146,208 141,997 130,743
36,740
32,427
43,355
43,355
124,128
40,343
36,243
43.693
43,693
120,778
9,652
7,478
9,066
7.441
9,210
7,450
8,796
6,509
8,490
6,071
8,142
9,802
7,750
9,757
7,790
35,204
21,982
30,715
53,278
161,435
143,678
118,888
187,909
150,005
160,444
108. 232
94,267
9,220
7,271
9,025
6,881
30,260
34,884
33,381
28,687
136,934 134,426
130,955
135,616
5,772
31,492
133,157
62,831 100,022 103,534 02,593 76,071
94,449 109,555 109,659 104,115 101,908
63,771 76,142 78,525 71,676 72,596
p Preliminary.
* Revised.
*New series. See fcotnote on p. 32 of the December 1938 Survey.
JData for December 1937, January, April, July, October, and December 1938 are for 5 weeks; other months, 4 weeks.
September October
7,893
5,491
7,643
5,479
8,726
6,686
32,593
38,504
38,844
35,631
41,509
138,105 135,347 142,511
151,311
46,21S
40,796 68,896
36,335 123,835
16,469 92,890
131.387
200,256
159,573
78,758
90,030
61. 826
64,925
55,431
34,752
• Estimated.
U.S. 60VCANMENT PRINTING OFFICE: 1999
@FedFRASER