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SURVEY OF CURRENT WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C, JANUARY 25, 1940 SUMMARY OF BUSINESS TRENDS INDUSTRIAL activity thus far in January has been under the -•• peak rate attained in December. Output of manufactures in December was moderately lower than in November, though not to the extent of the usual seasonal contraction; in January output will apparently continue to fall while a seasonal expansion is customary. So far during January there has been a downward movement in such an important component of industrial production as steel ingots—the weekly output has dropped to 82 percent of capacity from 90 percent a month ago. Incoming steel business, according to trade reports, is well below current production, but a heavy backlog of business was carried over from December. Automobile assemblies were lower last week after climbing above 111,000 units in the week of January 13—output a month ago was about 118,000. Paper production is easing off, and the miscellaneous freight movement indicates some slackening in shipments of manufactured goods. On the other hand, productive activity has undoubtedly been maintained in a number of lines of highly fabricated products—machinery, railroad equipment, electrical equipment, aircraft, etc.—industries for which weekly production data are not available but which are known to have carried over from 1939 a volume of unfilled orders that assured a high rate of operations during the current month. Backlogs continue to be reduced generally by the present volume of production; recent data, however, show some renewed buying of railway equipment and there were reports from primary textile markets of an enlarged flow of new orders last week. Retail trade reports do not reveal any marked change recently in consumer purchasing, but it is difficult to gauge the trend from fragmentary data for a month in which the usual seasonal variation is so large. At department stores, sales during the first 2 weeks of the year showed a rise over a year ago about in line with the change in December. Notwithstanding the fact that corporation earnings for the final quarter of 1939, just beginning to become available, are expected to show a strong finish for the year the stock market has moved lower in the first few weeks of 1940. As indicated by the chart below, industrial share "averages" are lower than in mid-September of last year which marked the top of the "war boom;" they are about the same as a year ago. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER (PERCENT OF CAPACITY) BITUMINOUS COAL (MILLIONS OF PRODUCTION SHORT SPOT COMMODITY PRICES PRODUCTION (OOpyS INDEX- DEC. 3), 1951- IOO) (BILLIONS OF KILOWAtT HOURS) CONSTRUCTION CONTRACTS - E W . DODGE < \ Ml ^J ( MILLIONS_OF BARRELS - DAILY AVERAGE) • 1 L—U. 1 , MISCELLANEOUS CAR (THOUSANDS , OF C A R S ) • t?4Q t LOADINGS 1926 s 100) YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS CRUDE OIL RUNS-TO-STILLS PRICES OF 3 5 0 INDUSTRIAL STOCKS (INDEX. (DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS) TONS) 2 WEEKLY BUSINESS INDICATORS1 [Weekly average, 1923-25«t00l j I l Jan. Jan. Jan. Dec'Dee. Jan. Jan. Jan. Jan. 23 21- 14 22 20 13 Business activity i New York Timsl Barron'scTBusiness Week Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined index (813) Farm products (67) Food (122) Allother (624).. Fisher's index, 1926^100: Combined index (120) Copper, electrolytic! Cotton, middling, spot 81.9 105.0 105.9 106.8 105.7 91.6 90.6 79.4 119.4 121.1 122.5 119.9 98.7 97.5 123.8 125.5 125.6 125.6 104.1 102.9 82.8 82.1 79.3 76.6 76.8 80.8 81.0 67.3 71.8 73.4 67.8 71.3 76.1 76.8 72.1 84.3 80.4 80.5 83.7 83.6 85.9 79.8 79.7 83.4 83.9 85.4 86.1 86.3 89.1 79.7 79.7 76.8 75.4 88.4 89.1 89.1 32.4 31.6 31.6 41.9 41.9 42.3 42.6 42.6 79.5 69.5 71.8 84.3 79.5 69.6 71.8 84.2 79.4 68.5 71.9 84.4 52.8 165.2 Construction contracts! D istribution: C arloadin gs 61.8 57.4 112.1 Employment: Detroit, factory... Finance: Failures, commercial--. 70.8 B.I 61.4 46.7 49.1 Bond yields! _ 3.1 62.6 62.9 63.6 64.0 Stock prices! 109.8 111. 7 114.0 112.4 111. 7 1939 1940 1938 1939 1940 56.9 62.9 28.6 66.8 61.6 60.7 59.5 60.6 101.8 86.0 67.6 90.2 66.4 72.3 71.4 107.3 107.1 05,9 97.4 1938 Jan. Jan. Jan. Dec. Dec. Jan. Jan. Jan. Jan. 22 15 30 23 21 Finance—Continued. Banking: Debits, outside N . Y- C.t—Federal Reserve reporting member banks: Loans, total Interest rates: Call loans]:.Time loans! Currency in circulation! Production: Automobiles Bituminous coal! Cotton consumption^ Electric powerf __. Lumber — Petroleum! Steel ingots® Receipts, prinary markets: Cattle and calves Hofrs.. Cotton _ Wheat... _ 101.6 95.0 145.0 119.8 120.8 92.5 90.8 89.0 82.4 68.6 69.4 70.1 71.5 66.3 66.9 72.7 73.6 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.fi 28.6 28.6 28.6 28.6 28.6 152.6 153.6 155.8 157.4 158.4 137.3 138.3 130.7 131.8 142.3 145.9 114.7 117.1 154.3 118.2 113.9 80.5 81.6 97.6102.9 96.7 88.7 80.0 78.8 71.6 74.5 .37.8 139.2 109.3 112.5 79.5 80.8 134.1 137.8 .44.3 158.5137.5 136.3 126.6 127.0 155.6 148.4 144.3 32.6 49.8 41.8 31.8 49.2 44.9 172.4 172.1 170.2 185.7 156.7 155.7 i72.4 .55.7 168.3 166.9 145.7 147.9 147.2 126.6 154.6 90.5 88.8 50.3 46.9 63.6 57.1 41.5 54.3 61.4 59.6 82.2 69.2 62.3 49.9 52.4 48.4 49.4 75.9 73.1 103.1 108.1 101.5 105.4 130.4 45.0 43.8 94.2 97.3 29.3 28.0 22.3 30.3 35.4 34.7 38.8 37.3 33.9 •Data do not cover calendar weeks in all cases. ^ §Computed normal =100. !Daily average. fWeekly average, 1928-30=100. ^Seasonally adjusted. ®Index for week ended Jan. 27 is 141.2. cTFor description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS • 1939 1940 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per lb.. Cotton, middling, spot, New York _do___ Food index (Bradstreel's) _ do Iron and steel, composite _.dol. per ton.. Wheat, No. 2 Hard Winter (Kansas City).dol. per bu__ FINANCE Banking: Debits, New York City mil. of dol.. Debits, outside New York City (140 cities)....do,._. Federal Reserve banks: Reserve bank credit, total.. do U. S. Government securities do.... Member bank reserve balances do Excess reserves, estimated do Federal Reserve reporting member banks: Deposits, demand, adjusted do Deposits, time... do Investments, total§ do U. S. Government direct obligations do Obligations fully guaranteed by U. S. Government..* _. mil. of dol— Loans, totals — _ do Commercial, industrial, and agricultural loans § mil. of dol.. Interest rates, call loans! percent.. Interest rates, time loans! do Excharge rates: Frerch franc! cents.. Pound sterling! dollars,. Failures, commercial ...number.. Currency in circulation! .._ mil. of dol_. Security markets: Bond sales (IV. Y. S. E.) thous. of dol. par value.. Bond yields (Moody's) (120 bonds)! percer.t.. Stock sales (N. Y. S. E.) thous. of shares.. Stock prices (N. V, Times)X dol. per share Stock prices (Standard Statistics) (420)—...1926~ 100.. Industrials (350) do.... Public utilities (40)-— do.... Railroads (30) do.... PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobilesi number.. Bituminous coal! thous. of short tons.. Electric power ..mil. of Uw.-hrs . 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 tbous. of bales . Wheat, at primary markets thous. of bu.. Jan. 20 Jan. 13 0.122 .114 2.34 37.07 0.123 .114 2.35 37.09 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 1.01 0.123 .115 2.34 37.09 1.04 3,656 4,711 3,301 4,404 4,133 5,605 3.832 4,629 3,799 4,707 2,515 2,477 12,020 5,502 2,504 2,477 11,830 5,377 2,564 2,484 11,721 5,271 2,568 2,489 11,493 5,046 4,449 5,603 2,645 2,496 11,378 4,900 18,979 5,259 14,633 8,913 18,823 5,274 14,485 8,777 18,566 5,276 14,413 8,703 18,720 5,274 14,502 8,748 18,923 5,255 14,533 8,762 18,981 5,251 14,652 2,411 8,579 2,400 8,646 2,414 8,758 2,404 4,330 1.00 1.25 4,363 1.00 1.25 2,412 8,674 4,353 1.00 1.25 4,400 1.00 1.25 4,406 1.00 1.25 2,246 3,965 288 7,408 2.242 3.956 277 2.232 3.938 250 7,565 2.237 3.950 190 7,644 2.236 3.947 200 7,691 203 "7,588 30,660 3.64 3,377 106.62 90.8 106.4 87.5 28.6 33,990 3.61 4,281 108.50 93.5 109.8 89.0 29.9 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 29.3 108,545 111,330 1,662 2,593 3,592 86.1 87,510 J,753 2,473 3,584 85.7 89,365 l,64fi 2,404 3,645 73.7 8,470 667,713 177,155 30,102 31,872 14,220 144,110 9,332 260,922 592,392 160.213 26,118 27,043 12,410 123,276 9,lr81 234,051 550,270 141,797 19,766 26.441 201 449 281 181 405 264 1,774 S4.8 268 2,328 7,461 Jan. 6 1933 Jan. 21 Jan. 14 1937 Jan. 22 Jan. 15 Jan. 23 0.110 .091 2.30 36.37 .70 0.110 .088 2.31 36.37 .71 0.106 .086 2.51 38.97 1.05 0.104 .086 2.53 38.97 1.05 0.127 .130 2.95 36.57 1.36 3,391 4,289 2,588 2,564 9,130 3,559 3,516 4,133 3,175 3,826 4.6T8 4,821 2,610 2,564 7,219 1,371 2,599 2,564 7,193 1,386 2,468 2,430 6,755 2,130 16,124 5,174 13,150 8,182 3,429 4,210 2,592 2,564 8956 t 3,436 16,050 5,177 13,110 8,206 14,487 5,199 12,196 8,143 14,463 5,203 12,138 8,097 15,547 5,050 13,734 9,262 2,413 8,871 4,416 1.00 1.25 1,732 8,290 3,789 1.00 1.25 1,715 8,367 3,818 1.00 1.25 1,130 1,131 9,195 1,229 8,923 4,438 1.00 1.25 4,501 1.00 1.25 1.00 1.25 2.229 2.640 4.678 367 2.636 4.672 380 6,718 3.334 4.998 3,50 6,347 3.355 4.998 275 6,402 4.666 4.906 168 6,351 41,070 3.69 4,168 108.53 91.9 107.9 87.0 29.9 34,430 3.83 4,402 104.16 92.6 110.0 82.8 30.0 35,870 3.86 5,405 103.00 91.5 109.2 80.3 29.6 42,160 4.17 4,727 93.15 84.0 99.0 75.7 29.6 38,520 4.12 7,099 94.55 86.4 101.5 78.8 31.4 74,780 3.65 15,542 117,705 1,510 2,641 3,868 90.0 • 26,517 118,405 1,451 2,605 3,866 91.2 9,099 90,205 1,362 2,290 3,264 52.7 9,139 86,925 1,342 2,270 3,244 51.7 10,105 61,418 1,219 2,109 3,506 29.8 4,594 62,235 1,268 2,115 3,477 27.8 10,721 73,509 1,595 2,257 3,205 80.6 8,810 117,351 8,317 226,639 654,817 153,977 31,711 32,702 11,416 144,518 11,811 268,682 681,166 146,620 34,144 35,547 13,416 150,148 11,339 290,052 590,359 139,046 27,240 33,029 13.839 146, 586 8,964 221,655 582,244 126,760 26,423 33.931 13.152 145,166 7,849 228,963 570,233 131.817 27,280 36,096 15,579 145,526 7,158 206,777 580,740 1S8,623 25,878 42,393 15,219 141,252 7,772 209,603 665,346 166,285 30,133 29.514 12,746 158,677 9t972 258,019 131 324 274 2,412 172 340 339 2,813 210 424 375 2,887 194 314 117 2,763 188 321 114 3,090 493 245 2,971 253 474 253 2,693 231 315 154 1,992 37.19 2,543 2,512 11,288 4,849 140.33 128.2 149.0 114.2 57.1 €> Rate for week ended Jan. 27 Is 82.2. IDaily average. «Data do not cover calendar weeks In all cases. 5No longer strictly comparable; for an explanation, see the corresponding data on p. 30 of the July 1939 issue of the SUBVEY. JSOUBCE: Ward's Automotive Reports. • Includes contract awarded amounting to $117,000,000 (daily average $16,700,000) for a T. V. A. dam. a MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, to- 1939 1933 gether with explanatory notes and references to the sources of the data, may he found in the Decem- Decem1938 Supplement to the Survey. ber ber 1939 March anuary April May June July August eptem- >ctober CONSTRUCTION AND REAL ESTATE Pages 16, 21 Contract awards: F. W. Dodge Corp. (37 States): Construction, total value tbous. of dol.. 354,098 389,439 251,673 220,197 300,661 330,030 308,487 288,316 299,883 312,328 323,227 261,796 299,847 Building, total value*. do. 146,438 231,052 165,162 148,564 223,011 209,061 210,567 204,741 197,831 197,045 212,146 190,937 194,357 Construction cost indexes: American Appraisal Co.: 185 184 185 182 182 182 182 183 183 183 182 185 Average, 30 cities _ 1913=100.. 173 171 173 168 168 168 168 168 169 169 169 169 174 Atlanta _ do_ 196 195 196 195 193 193 193 193 192 192 192 192 196 New York do_ 173 171 173 169 169 169 169 169 167 167 167 166 172 San Francisco do_ 133 185 188 184 185 185 185 185 185 185 185 184 188 St. Louis ._ do. Associated General Contractors (all types) 188 188 188 187 187 188 188 188 188 188 188 1913=100.. 188 DOMESTIC TBADE Pages 26, 30 Advertising: Newspaper advertising: Lineage, total (52 cities) thous. of lines.. 118,103 118,096 Classified do 20,246 20,372 Display, total do 97,857 97,723 3,581 Automotive do 3,482 1,574 Financial do 1,637 GeneraL--_---—r_-_-i d o . . . . 14,183 14,028 Retail do.... 73,555 78,540 Retail trade: Mail order and store sales: Montgomery Ward & Co thous. of doL. 66,020 57,085 Sears, Roebuck & Co do.... 82,427 Rural sales of general merchandise: 183.6 Total, TJ. S.f unadjusted 1929-31=100.. 211.7 114.8 132.4 Total, U. S., adjustedt do.._. 87,418 19,556 67,861 2,446 2,301 12,771 50,343 86,651 111,815 111, 160 112,377 105,0S6 18,318 22,147 22,824 22,692 21,785 68,333 89,669 88,335 89,635 83,301 5,345 6,055 3,458 6,075 4, 76S 1,663 1,403 2,105 1,615 1,695 14,024 17,414 17,655 •18,638 17,408 49,448 65,792 62,520 63,456 85,407 20,570 64,838 3,496 2,120 13,999 45,222 90,526 101,937 119,612 113,457 21,115 20,884 22, 393 20,194 69,410 81,053 97,220 93,264 3,067 4,537 3,512 1,278 1,376 1,767 1,349 12,527 15,045 -19,824 48,47052,022 61,663 69.192 68,880 24,769 33,551 24,964 34,901 35,730 49,768 41,595 51,236 42,323 59,613 41,302 56,768 33,452 43,941 3S,998 48,259 44,743 62,751 54,945 67,246 47,764 91.3 120.0 100.1 123.7 115.0 131.0 120.2 130.8 120.5 131.2 120.0 131.7 91.1 124.8 107.2 131.1 132.6 125.4 160.3 123.4 159.7 122.7 81.9 86.2 99.7 59.7 82.1 86.4 100.7 59.0 83.1 87.1 101.3 60.9 79.4 83.8 99.7 54.5 80.2 84.8. 101.0 54.8 81.4 86.2 101.6 56.2 81.6 86.3 102.1 56.4 81.0 85.8 101.7 55.5 80.9 85.0 93.6 59.0 82.9 86.4 100.5 61.6 83.0 87.0 101.8 60.2 , 329.91 , 334.15 ,337.76 935.03 935.03 935.03 339.27 382.43 935.03 FINANCE Pages 73, 76, 77 Security markets: Bonds: Standard Statistics Co., Inc. (60 bonds) dol. per $100 bond.. Industrial (20 bonds). do Public utilities (20 bonds) do.... Rails (20 bonds) do.— Stocks: Cash dividend payments and rates (Moody's): Annual payments at current rates (600 companies)... mil. of dol.. Number of shares, adjusted millionsDividend rate per share (weighted average) (600 cos.)..dollarsBanks (21) do... Industrials (492 cos.) do... Insurance (21 cos.) do— Public utilities (30 cos.) do... Rails (36 cos.).. do.-. Prices: Standard Statistics Co., Inc.: Combined index (420 stocks) .1926=100. Industrials (350 stocks) _do.__ Public utilities (40 stocks) do... Rails (30 stocks). do... CHEMICALS AND ALLIED PRODUCTS Page 90 Chemicals: Alcohol, denatured: Consumption thous. of wine ga!. Production do_~ - Stocks, end of month.—._•_:-. j"-~ji-i_<Jo_ri' Alcohol, ethyl: Production ....thous. of proof gal. Stocks, warehoused, end of month...do... Withdrawn for denaturing do..Withdrawn, tax-paid do.._ 82.1 86.8 101.6 58.0 589.37 936.43 81.1 86.0 98,7 , 315.04 1,316.25 935.03 935.03 1.70 3.01 1.63 2.53 1.95 1.25 1.41 3.01 1.28 2.31 1.92 .85 1.41 3.01 1.28 2.31 1.91 .90 1.42 3.01 1.30 2.31 1.91 .90 1.43 3.01 1.30 2.31 1.92 .90 1.43 3.01 1.31 2.33 1.92 .90 1.43 3.01 1.31 2.33 1.92 .90 1.48 3.01 1.37 2.39 1.94 .90 91.8 107.9 86.7 29.6 92.0 110.6 77.9 28.8 91.8 109.3 81.2 29.8 90.1 106.3 83.8 28.0 91.7 108.0 85.8 29.7 81.9 95.9 80.0 24.8 83.1 97.0 82.4 25.0 86.0 100.5 84.7 25.9 11,434 11,158 1,173 10,434 10,478 1,279 6,722 6,827 "1^379 6,558 6,446 1,260 7,578 7,616 ^1254 22,080 14,614 19,524 1,729 16,781 20,895 17.391 1,841 17,067 24,433 11,401 1,691 14,650 26,072 11,193 1,363 17,438 27,741 13,202 1,851 8,203 7,523 8,490 .7,719 "1,485" "1,766 17,857 29,625 13,253 2,074 18,655 31,078 15,031 2,009 , 391.46 422.99 935.03 935.03 1.52 1.49 3.01 3.01 1.42 1.38 2.39 2.39 1.94 1.94 .90 .87 , 423.82 442.45 935.03 935.03 1.52 3.01 1.42 2.39 1.95 .90 1.54 3.01 1.45 2.39 1.95 .90 1.63 3.01 1.61 2.39 1.95 1.25 94.2 110.9 87.3 31.6 86.1 100.6 84.9 25.7 86.3 100.5 87.0 25.4 92.4 109.4 84.3 29.7 95.3 112.7 86.0 32.9 7,944 7,395 7,437 8,166 ~19SZ —2,015 9,202 9,190 "2,007 12,84? 12,625 "1,776" 15,453 15.181 17,643 32,232 18,539 32,919 16,050 1,780 18,104 25,913 22,315 2,187 20,965 17,974 26,033 2,248 16,838 30,860 15,029 1,858 13,823 1,765 , 573.05 935.03 13,068 13,060 — 1J479 21,787 14,168 22,944 2,232 FOODSTUFFS AND TOBACCO Pages 102,116 Alcoholic beverages: Fermented malt liquors: 3,685 4,237 4,392 5,450 5,637 6,271 5,651 4,641 3,482 4,497 3,645 3,541 3,588 Production tbous. ofbbL 3,826 4,169 4,921 5,715 6,538 5,656 5,079 3,985 3,031 3,822 3,104 3,669 Tax-paid withdrawals do... 3,916 7,696 7,994 8,112 8,836 9,330 9,447 9,086 8,746 7,774 7,470 8,265 7,083 7,191 Stocks do. Distilled spirits: 6,390 10,244 17,946 14,921 5,381 8,304 II, 653 17,231 11,874 10,700 13,022 10*940 10,756 Production.. thous. of tax gal8,772 11,066 13,485 6,663 5,605 6,456 6,868 7,593 8,566 fi,248 6,112 9,714 Tax -paid withdrawals. do... 9,400 Stocks thous. of tax gal. 507,205 505,414 510,194 513,462 516,755 519,162 521,251 522,053 520,429 518,487 514,433 510,606 506,894 Whisky: 8,946 7,074 4,985 4,392 3,71 7,972 5,778,513 8,724 9,993 9,204 8,033 11,003 Production do._ 8,550 10,385 6,793 5,098 4,343 4,885 4,866 5,728 6,791 4,996 5,007 7,665 7,704 Tax-paid withdrawals .... do 465,934 469,173 472,499 Stocks .thous. of tax gal- 465,018 466,785 470,251 472,934 475,150 477,136 478,741 478,900 477,149 475,371 •New series. Monthly data beginning 1925 are shown In table 49, p. 17 of the November 1939 Survey. tRevised series. Rural sales of general merchandise adjusted for seasonal variations revised beginning 1934; see table 37, p. 17 of the August 1939 Survey. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1939 1938 gether with explanatory notes and references to the sources of the data, may be found in the Decem- Decent Febru1938 Supplement to the Survey. ber ber January ary FOODSTUFFS AND 1939 March April May June July August Severn- October Novem- TOBACCO-Con. Alcoholic beverages—Con.: Distilled spirits—Con.: Rectified spirits and wines, production, 2,683 2,973 4,774 total __thous. of proof gaL_ 3,425 3,670 5,202 3,189 2,960 3,817 6,341 4,005 2,930 () 2,192 Whisky! do..., 2,375 2,332 2,014 2,496 2,800 3,078 5,532 3,258 1,977 4,329 C) Indicated consumption for beverage purposes: 7,743 13,118 8,192 All spirits^ .thous. of proof gal.. 9,775 10,771 9,137 8,709 7,570 16,266 13,703 11,959 8,122 6,816 7,142 9,357 11,425 7,104 6,131 6,767 10,309 14,508 12,007 Whisky^.---do. Tobacco: Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions.. 12,803 12,656 13,863 11, 782 14,244 12,269 15,445 16, 595 14,260 16,571 14,790 15,384 14,461 Large cigars —thousands.. 331, 204 333,982 349,497 361,233 437,584 403,042 470,580 486,721 427,533 500,807 486,865 551,230 505,098 Manufactured tobacco and snuff thous. of lb._ 24, 057 27,126 26,914 25,425 29,594 25,628 30,499 30,107 26,246 33,291 30,361 30,239 28,436 LEATIIER AND PRODUCTS Leather: Production: Calf and kip._ _thous. of _ Cattle hides ._ thous. of hides.. Goat and kid_ thous. of skins.. Sheep and lamb.. 1... __.do— Stocks of cattle hides and leather, end of month: Total thous. of equiv. hides.. In process and finished do Raw do. METALS AND MANUFACTURES Page 139 Machinery and apparatus: Foundry equipment: Orders: New. 1922-24 = 100. Unfilled, end of month do_._ Shipments do PAPER AND PRINTING Pages 145,146 Paper: Newsprint: Canada: Production .short tons.. Shipments from mills do Stocks, at mills, end of month do United States: Consumption by publishers .._do.__. Production do , Shipments from mills _do Stocks, end of month: At mills _do_._. At publishers! do In transit to publishers!-do STONE, CLAY, AND GLASS PRODUCTS Pages 150,152 Portland cement: Production thous. of bbl.. • Percent of capacity Shipments thous. of bbl_. Stocks, finished, end of month do Stocks, clinker, end of month ___do__.. Plate glass, polished, production thous. of sq. ft_. 1,284 1,884 3,245 2,899 1,319 1,936 3,185 2,795 1,326 1,943 3,170 3,236 1,329 1,955 3,623 3,115 1,168 1,672 3,463 2,774 1,187 1,736 3,473 3,015 1,227 1,715 3,666 3,066 1,064 1,619 3,323 3,096 1,155 1,949 3,397 4,205 1,074 1,811 3,065 3,770 1,156 1,928 3,697 3,938 1,038 1,954 3,354 3,402 13,996 10,301 3,695 13,602 9,868 3,734 13,375' 9,699 3,676. 13,009 9,229 3,780 12, 813 9,026 3,787 12,905 9,078 3,827 12,976 9,151 3,825 12,899 9,059 3,840 12,606 8,876 3,730 12,509 ' 8,694 3,815 M2.413 ' 8,673 ' 3,740 12,592 8,857 3,735 141.9 126.0 102.8 122.5 151.4 96.3 135.5 175.1 112.2 146,6 193.6 128.1 146.2 208.6 131.0 108.9 173.1 144.3 134.9 159.2 148.5 114.0 135.6 135.5 131.6 123.1 143.8 184.4 174.9 132.6 220.6 224.7 170.7 '203.6 '257.8 170.1 240, 656 209,753 264, 620 225,472 169,502 161,438 208,382 201,852 167,968 200,631 178,236 190,363 220.648 205,099 205,912 220,843 214,255 212,500 250,015 274,635 187,880 240,545 227,630 236,975 253,230 280.985 288,726 232,261 221,743 224,367 267,005 289,260 287,869 196,164 202,051 214,659 200,884 192,609 193,466 193,076 77,836 78,283 177,134 75,855 77,974 160,916 77,264 72,967 153,346 70,868 71,926 174,096 79.929 81,616 179,542 77,393 77,463 178,543 85,872 84,443 170,980 80,562 84,628 172,861 74,932 753£4 159,647 80,000 79,060 177,078 77,309 78,559 195,510 78,591 79,364 181,259 78,886 81,410 12,952 283,877 42,425 18,583 284,661 30,677 22,880 267,155 36,872 21,822 251,041 13,449 20,135 223,469 32,580 20,065 206,727 37,253 21,494 229,142 39,251 17,428 230,443 47,737 17,002 252,754 43,459 17,946 277,589 39,862 16,696 283,282 47,776 15,923 285,216 50,053 13,399 295,589 50,656 165.3 222.4 200.1 43.3 6,772 23,495 5,122 8; 066 36.9 6,290 23,947 *• 5,286 5,301 24.3 5,640 23,611 5,563 5,505 27.9 5,044 24,092 5,986 8,171 37.4 8,467 23,786 6,447 9,674 45.7 9,654 23,837 11,185 50.9 12,748 22,251 5,728 11,953 56.5 12,715 21,477 5,797 12,644 57.9 11,755 22,361 5,928 12,369 56.6 13,401 21,327 5,727 12,539 11,937 57.2 56.3 13,104 12,829 20,160 '19,870 5,254 4,854 11,053 52.1 10,147 2;0,779 '4,824 18,477 12,691 12,209 10,165 11,867 7,268 8,036 9,289 6,212 10,450 13,663 18,369 15,812 22,77S 8,040 322 100.7 22,433 7,185 276 82.3 22,497 7,642 295 85.7 22,533 7,164 277 87.8 22,503 8,243 319 86.7 22,123 6,895 269 84.7 21,970 7,573 297 81.9 21,771 7,399 290 82.5 21,939 6,621 262 81.9 22,012 7,908 313 85.1 22,232 7,695 306 92.5 22,659 8,581 342 97.9 22,774 8,803 353 101.3 3,475 1,068 3,921 3,494 188,751 161,625 27,126 9,640 7,791 313,377 251,819 61,558 18,412 9,882 351,782 285,252 66,530 TEXTILE PRODUCTS Page 155. Cotton: Spindle activity: Active spindles thousands.. Active spindle hrs., total mil. of hrs__ Average per spindle in place hours.. Operationst pet. of capacity.. TRANSPORTATION EQUIPMENT Page 160 Automobiles: Production: Canada, total number.. 16,978 18,614 14,794 14,300 17,549 16,891 15,706 14,515 9,135 Passenger cars ..do 11,491 14,19S 5,112 12,791 11,404 12,689 10,914 10,585 11,585 United States (factory sales), total...do 452,024 388,346 342,156 303,217 371,940 337,372 297,508 309,720 209,343 Passenger cars .do 373,755 326.006 281,465 243,000 299,703 273,409 237,870 246,704 150,738 Com'l cars, trucks, road tractors...do 62,340 60,217 60,691 78,269 58,605 63,016 63,963 72,237 61,384 38,484 ' Revised. 1S63 footnotes on p. 41 of the January 1940 Survey. *New series. Earlier data for the new series on alcoholic beverages appear in tables 2-8, pp. 15-18 of the July 1939 SURVEY. tRevised series. For revised data on indicated consumption for beverage purposes see footnote marked " t " on p. 41 of the December 1939 SURVEY. Stocks of newsprint at publishers, and in transit to publishers, revised for 1937 and 1938; revisions not shown on p. 52 of the April 1939 SURVEY will appear in a subsequent issue. Cotton spindle activity revised beginning August 1933; see table 18, p. 18 of the March 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, January 20,1940. These figures, like similar information in the table entitled "Monthly business statistics" in each monthly issue, should always be read in connection with the detailed tables covering the respective items in the 1938 Supplement to the Survey of Current Business, which contains a description of each series and a reference to the source of the data. Series marked with an asterisk (*) are exceptions, representing additions since the 1938 Supplement was issued, and similar data, if published, will be found in the monthly numbers indicated by the footnotes. Changes in the series are also indicated in the footnotes. The Survey of Current Business, including 12 monthly Surveys of 56 pages each, and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. C , for $2 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40.
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