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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , JUNE 29, 1939 SUMMARY OF BUSINESS TEENDS I NDUSTRIAL production in June has increased substantially following the April-May recession, with the seasonally adjusted rate moving sharply higher. Larger outputs of coal and steel have been the major factors in the rise in industrial volumes during June, but improved business has been reported in a number of other industries. Steel ingot production at 54 percent of capacity has been almost one-fourth higher on a seasonally adjusted basis than in May, and bituminous coal production is much larger than the restricted volume of May. Automobile assemblies over the past fortnight have averaged almost 80,000 units weekly as output in some plants increased following settlement of labor difficulties^ JWMle.\Ycrk isnndorway^on 1940-niodel programs, the sustained flow of cars through retail dealers has warranted a high volume of output in recent weeks. During May, production of nondurable goods was slightly larger than in April while output of durable commodities recorded a moderate reduction, according to the Federal Reserve indexes. Employment and pay rolls in manufacturing industries were slightly lower at mid-May than a month earlier. So far this year the seasonally adjusted index of factory employment has drifted slowly downward, though the May index at 90.4 (1923-25 = 100) was only 1.3 points below the January figure. As compared with last year, the volume of factory employment in May was 8 percent larger, with durable and nondurable goods industries showing gains of 11 percent and 6 percent, respectively. The number at work in nonagricultural pursuits was 682,000 larger in May than a year earlier; with omission of the soft coal industry the gain over a year ago was 870,000 workers. Income payments during May continued to be affected by sub-normal operations in the bituminous coal fields but total payments were 3 percent larger than a year earlier. The seasonally adjusted index of income payments declined from 82.6 (1929 = 100) for April to 82.2 in May. Aggregate compensation of employees, despite the sharply lower pay rolls in bituminous coal mining, was 4 percent larger than in May of last year, according to the estimate of the Department of Commerce. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (PERCENT 2.6 75 2.4 50 2.2 r 2.0 1.8 • 100 OF VEHICLES) i , . i • v r t i i PRICES OF 3 5 0 INDUSTRIAL STOCKS (INDEX, (DAILY AVERAGE AWARDS - MILLIONS OF OOLLARS) TONS) AUTOMOBILE PRODUCTION (THOUSANDS , CONSTRUCTION CONTRACTS - H W. DODGE PRODUCTION (MILLIONS OF SHORT , (PERCENT) (THOUSANDS OF C A R S ) INCOME PAYMENTS INDUSTRIAL PRODUCTION (SEASONALLY ADJUSTED 1929-100) (SEASONALLY ADJUSTED 1923-25 = 100) FACTORY EMPLOYMENT & PAYROLLS (1925-25= 100) 130 120 95 120 110 90 110 100 85 100 90 80 90 80 80 70 75 70 MOHTHir OVA 1926= IOO) YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS . PRICES (M00DY;s INDEX- DEC. 31, 1951* I O O ) (BILLIONS OF KILOWATT HOURS) too BITUMINOUS COAL SPOT COMMODITY ELECTRIC POWER PRODUCTION OF CAPACITY) MONTHLY DATA / \s ^EMPLOYMENT i (ALVUSrtD) mYPOLLS ~ - A (tlMDJUSTED) * an 9996 *t 1 M 1 M 1 I Ii i t . . 1 . . I , . 1937 358666—39 1938 70 1939 60 1937 1938 1939 1937 1938 1939 " WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25—1001 1939 June June June June 17 Business activity;! New York Times §dV Barron'sc? Business Week Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined indey (813) Farm products (67) Food (122) All other (624) Fisher's index, 1926=100: Combined index (120).____Copper, electrolytic! Cotton, middling, spot 10 June June June June May June June June June 18 25 27 10 24 June June June June 25 26 Finance—Continued. Banking: Debits, outside N. Y. 0 4 — Federal Reserve reporting member banks: Loans, total Interest rates: Call loans! Time loans! Currency in circulation! Production: Automobiles Bituminous coal! Cotton consumption! Electric powert Lumber .. Petroleum! Steel Ingots© Receipts, primary markets: Cattle and calves._ Hogs Cotton Wheat 86.0 87.6 77.4 76.9 107.4 107.0 . 106.0 84.2 88.7 67.6 96.7 95.3 75.8 74.3118.8118.2 90.6 92.3 99.6 75.4 62.0 67.1 80.6 May 3 75.6 62.7 67.3 80.6 75.7 63.1 67.5 80.6 75.8 63.5 67.6 80.7 86.7 78.2 68.8 69.7 88.4 73.2 73.5 81.5 81.5 85.9 86.5 87.4 84.0 85.9 78.9 71.0 36.8 79.3 79.2 79.7 81.1 81.0 92.0 91.9 71.0 71.0 71.0 63.8 63.8 100.0 100.0 36.8 36.0 36.0 32.4 30.9 46.7 46.3 Construction contracts! Distribution: Carloadings , Employment: Detroit, factory-. Finance: Failures, commercial 64.3 Bond yields! 100.1 Stock pricest 55.1 57.8 79.9 63.6 66.5 66.2 59.2 65.5 58.3 57.9 80.3 78.5 62.4 54.9 89.3 1937 1938 1939 1937 1938 52.1 57.5 51.6 61.9 61.2 63.1 38.8 43.0 64.1 64.3 64.6 65.5 77.1 77.3 67.8 67.4 99.8 101.5 100.2 98.0 90.8 81.3 127.0 126.8 95.7 83.6 92.4 97.3 81.5 85.3 85.4 99.6 104.1 64-6 64.8 64.9 65.0 65.0 66.2 66.9 78.1 77.9 24.2 24.2 24.2 24.2 24. 24.2 24.2 24.2 24.2 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 143.0 143.1 143.8 143.6 142.3 132.0 132.4 131.9 132.3 42.5 88.8 56.3 60.8 50.5 109.3 90.5 132.4 121.2 52.5 42.7 L72.1 172.1148.0 83.3 47.3 106.3 102.6 85.5 63.0 62.7 115.3 136.0 135.5 48.2 48.1 165.5 162.1 94.5 91.2 93.1 118.5 126.9 40.5 170.9 39.7 53.6 58.8 35.3 38.0 33.8 31.9 28.5 167.4 83.0 77.0 53.1 36.1 38.5 68.0 58.7158.6 146.3 49.4 1 119.5 40.0 150.6 45.7 70.5 135.5 134.3 63.7 169.5 124.7 139.2 132.9 60.0 168.6 125.8 61.8 66.5 91.6 79.2 38.3 35.2 30.5 27.4 26.2 21.2 22.7 59.3 35.6 84.1 64.6 41.0 34.2 79.1 • Data do not cover calendar weeks in all cases. § Computed normal=100. 1 Daily average. t Weekly average, 1928-30=100. ! Seasonally adjusted. ©Index for week ended July 1 is 93.3. dTor description of these indexes, see p. 4 of the Dec. 16, 1937 issue. WEEKLY BUSINESS STATISTICS* 1939 June 24 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per lb._ Cotton, middling, spot, New York do^ Food index (BradstreetB) (Bradstreet'B) do I Iron andd steel, t l composite i t d l dol. per tton.. Wheat, No. 2 hard winter (Kansas City)-..dol. per bu._ Banking: FINANCE Debits, New York City mil. of dol.. Debits, outside New York City do Federal Reserve banks: Reserve bank credit, total do U. S. Government securities _ do Member bank reserve balances. do Excess reserves, estimated do.— Federal Reserve reporting member banks: Deposits, demand, adjusted-.do Deposits, time _ _do_Investments, total§ do,. tT. S. Government direct obligations do_. Obligations fully guaranteed by U. S. Government--...mil. of doL. Loans, total§.., __ do.-. Commercial, industrial, and agricultural loans! mil. of dol— Interest rates, call loans! 1 percentInterest rates, time loans! _ do Exchange rates: French franc! cents.. Pound sterling! dollarsFailures, 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)! percentStock sales (N. Y. S. E.) thous. of sharesStock prices (N. V. Time*)U~ - d o l . per share.. Stock prices (Standard Statistics) (420) Industrials (350) Public utilities (40) Railroads (30) 1926=100do do. do. PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles! number.. Bituminous coal! thous. of short tons.. Electric power mil. of kw. hr__ Petroleum! thous. of bbl._ Steel ingots® pet. of capacity.. Construction-contract awards! thcus. of dol.. Distribution: Freight-car loadings, total__ cars Coal and coke_ do... Forest products _ ... _„-_..__do.~. Grains and grain products.... do,.. Livestock i 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 b u ~ 0.098 .100 2.18 35.72 June 17 June 10 2.19 35.71 .72 .100 2.21 35.72 .75 1938 June 3 1937 1936 May 27 May 20 June 25 June 18 June 26 June 19 0.098 .098 2.25 35.59 .79 0.098 .098 2.25 35.63 .78 2.27 35.63 .76 .088 2.40 38.51 .77 0.088 .084 2.37 38.38 .87 0.138 .127 2.81 39.78 1.20 0.138 .326 2.82 39.80 1.24 0.093 .124 2.65 32.79 1.02 Jane 27 3,425 4,438 2,584 2,564 10,099 4,227 3,047 3,875 3,744 4,286 2,756 3,761 3,071 3,779 3,340 4,161 3,164 3,951 4,053 3,958 3,605 4,621 4,042 4,830 3,937 2,605 2,564 10,101 4,264 2,576 2,564 10,053 4,279 2,573 2,564 10,029 4,218 2,576 2,564 10,097 4,304 2,576 2,564 10,005 4,244 2,591 2,564 7,922 2,782 2,598 2,564 7,904 2,726 2,562 2,526 6,854 814 2,583 2,526 6,808 752 2,472 2,430 5,308 2,438 17,238 5,238 13,851 8,404 17,212 5,225 13,781 8,390 17,057 5,229 13,679 8,318 16,965 5,235 13,554 8,237 16,955 5,247 13,548 8,264 16,681 5,247 13,563 8,304 14,936 5,242 12,293 7,782 15,065 5,227 12,505 8,032 15,289 5,233 12,648 8,374 15,242 5,233 12,832 8,556 14,563 5,059 14,124 9,474 2,127 8,072 2,108 8,097 2,092 8,116 2,055 8,126 2,046 8,125 2,031 8,046 1,481 8,279 1,451 8,361 1,160 9,766 1,165 9,741 1,302 3,823 1.00 1.25 3,831 1.00 1.25 3,833 1.00 1.25 3,822 1.00 1.25 3,837 1.00 1.25 3,845 1.00 1.25 3,916 1.00 1.25 1.00 1.25 4.308 1.00 1.25 4,326 1.00 1.25 1.00 1.25 2.649 4.681 264 6,943 2.650 4.683 212 6,950 2.650 4.684 234 6,983 2.649 4.683 210 6,972 2.649 4.681 252 2.649 4.681 237 6,916 2.787 4.960 249 6,408 2.786 4.970 257 6,429 4.457 4.942 158 6,405 4.453 4.938 175 6,423 6.607 5.019 171 6,188 31,850 3.71 2,933 98.54 ^86.6 101.1 85.7 26.3 3.73 2,438 97.31 86.0 100.4 84.8 26.3 33,290 3.78 3,871 95.18 S4>6 98.7 83.9 25.6 25,080 3.79 2,501 92.16 81.1 94.5 81.2 24.0 43,610 4.45 10,113 88.21' 78.6 93.5 72.6 22.2 25,270 4.46 1,793 -78.92 71.5 84.6 67.8 19.6 35,420 3.91 2,926 123.35 112.3 132.7 90.4 51.5 42,640 3.89 5,103 123.12 110.4 130.2 89.3 52.2 50,170 3.93 5,791 "126.68 108.0 123.4 _ 103.9 48.6 27,040 3.71 2,412 97.22i 85.7' - 100.2 84.4 25.4 81,070 55.0 SB 13,313 3.70 2,511 - £6.93 100.2 84.0 25.6 78,305 1,073 2,265 3,447 53.1 10,213 65,265 1,067 2,257 3,377 54.2 32,445 1,085 2,114 3,559 52.2 12,828 67,740 1,035 2,205 3,585 48.5 80,145 854 2,170 3,438 45.4 12,019 42,918 860 2,019 •3,082 28.0 8,847 44,790 842 1,991 3,137 27.1 9,275 121,032 1,201 2,238 3,530 75.9 111,620 1,186 2,214 3,511 76.6 12,788 104,473 1,160 2,030 637,873 106,781 30,550 38,821 9,457 152,502 40,696 259,066 634,597 105,399 29,930 34,283 * 9,760 153,082 43,504 258,639 567,732 97,867 27,340 30,291 9,770 133,316 38,987 230,161 627,674 105,191 29,763 558,937 90,953 26,633 41,996 10,584 145,461 22,771 220,539 555,519 86,931 26,592 10,706 152,855 43,670 251,585 615,966 97,183 30,088 34,284 11,811 152,781 36,232 253,587 10,064 146,308 24,740 224,316 769,945 123,107 39,567 40; 899 12,403 166,772 74,370 312,827 752,787 122,593 39,272 31,017 10,395 168,250 72,109 309,151 713,588 122,493 36,030 41,727 12,811 161,300 49,462 289,765 169 229 83 6,599 186 247 74 6,123 168 234 100 5,407 204 266 89 6,291 187 256 72 6,362 195 248 59 4,718 210 228 50 2,830 198 68 6,687 250 178 55 3,172 245 271 68 5,411 70.2 10,400 i*rrt in a ®Rate for week ended July 1 is 54.3. !Daily average. • Data do not cover calendar weeks in all cases. JNo longer strictlytcomparable; for an explanation, see the corresponding data on page 30 of the April 1939 issue of the Survey. ISource: Ward's Automotive Reports, MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, together with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey, BUSINESS INDEXES Pages 6, 7, 8, 9 Income payments: Adjusted index.. 1929=1(KU Unadjusted index do Total mil.ofdol.. Compensation of employees: Adjusted index 1929=100 Total mil. of dol, Mgf., mining, and construction..do Transportation and utilities do Trade and finance do— Government, service, and other__do Work relief .-..do Dividends and interest do Entrepreneurial withdrawals and net rents and royalties. __mil. of dol.. Direct and other relief do Benefit payments under the Social Security Act mil. of dol.. Industrial production (F. R.): Combined index, unadjusted.__ 1923-25=100. _ Manufactures, unadjusted do... Minerals, unadjusted _.- d o . . . Combined index, adjusted, do~_ Manufactures, adjusted do... Automobiles .... do— Textiles d o Minerals, adjusted do Marketings: Agricultural products (quantity): Combined index.... 1923-25=100.. Animal products do— Dairy products do— Livestock do— Poultry and eggs do— Wool d o Crops do.... Cotton do— Fruits do— Grains ._._.__.. do.... Vegetables do.... Agricultural products, cash income from farm marketings: Crops and livestock, combined index: Unadjusted 1924-29=100. Adjusted -do... Crops do__. Livestock and products do..., Dairy products do... Meat animals do... Chickens and eggs.do... COMMODITY PRICES Wholesale prices: World prires, foodstuffs and raw materials1 Combined indexf 1923-25=100. Cotton do~_ Rubber do... Silk do... Sugart do... Tea do... Tin do... Wheat do. DOMESTIC TRADE Page Retail trade: ** Value of new passenger automobile sales: Unadjusted 1929-31=100Adjusted ..do. Grocery chain-store sales: Unadjusted do. Adjusted do. EMPLOYMENT CONDITIONS AND WAGES JPages 31, 32,33, 35, 37, 40,41,-43,44 Employment: Factory, unadjusted (U. S. Department of Labor) f 1923-25=100.... Durable goods do... Nondurable goods do... Factory, adjusted (Federal Reserve) f.-do... Durable goods do... Nondurable goods do... Nonmanufacturing, unadjusted (U. S. De 1939 May 1939 1938 May June July August ^'October N ^ ' P S T March anuary 82.2 79.1 5,178 80.4 76.7 5,020 80.7 82.3 80.7 81.0 5,304 81.5 76.1 4,985 82.0 83.5 5,465 82.1 86.3 5,651 83.2 80.9 5,302 84.1 90.9 5,955 83.7 84.3 5,517 83.5 77.8 5,093 82.9 79.5 3,456 1,022 359 635 1,251 189 440 79.4 3,458 1,006 360 629 1,266 197 800 79.8 3,357 1,002 366 625 1,175 189 788 81.4 3,418 1,056 373 619. 1,173 197 412 82.5 3,570 1,102 374 632 1,265 197 692 83.1 3,675 1,137 386 641 1,305 206 739 84.6 3,675 1,145 377 646 1,298 209 450 86.2 3,718 1,166 378 683* 1,288 203 1,079 85.4 3,580 1,125 373 639 1,250 193 779 992 85 1,025 86 1,015 85 1,067 84 1,108 84 1,055 85 1,030 92 47 48 55 52 45 37 36 77 75 90 76 73 49 77 91 81 87 85 97 88 45 110 95 91 89 102 91 89 46 103 97 97 95 106 96 95 84 100 104 103 105 103 103 96 112 102 103 104 104 99 117 109 87 78 116 160 108 154 79 85 67 76 81 91 67 116 68 71 78 85 62 61 1,126 373 647 1,285 178 435 J-73 J-104 •87 ••84.2 '84.3 5,521 82.6 83.0 ' 5,438 85.1 3,575 1,146 363 631 1,247 188 420 '85.0 '3,624 1,160 381 637 1,254 '192 735 '3,590 ' 1,123 '372 '644 ' 1,266 '185 720 1,014 95 957 '96 1,004 990 94 39 45 60 44 100 100 102 95 96 83 92 92 87 97 '95 ••100 '99 105 101 100 105 109 110 98 105 ••99 97 98 109 110 r 91 110 110 81 99 135 72 145 193 63 23 92 80 109 77 93 134 66 119 303 61 22 88 72 117 73 90 156 62 102 333 56 19 77 68 116 92 85 136 60 79 487 100 19 81 92 89 153 72 73, 317 96 61 80 155 46 117 83 137 75 68 76 152 235 90 110 87 131 89 114 85 76 139 174 267 113 128 60.0 65.0 49.0 82.0 76.5 83.5 61.0 72.0 66.5 77.0 80.5 76.5 76.0 72.0 82.5 86.5 78.5 82.0 80.0 75.0 72.5 72.0 63.0 81.0 84.5 82.0 75.fi 85.0 72.5 61.0 84.5 86.5 87.0 75.5 91.5 67.5 55.5 80.0 86.0 77.5 77.5 78.0 69.5 55.5 84.0 85.5 83.5 83.5 72.5 68.0 55.0 82.0 89.6 78.0 81.0 68.5 67.5 55.5 80.0 88.5 79.0 67.0 51.0 60.0 44.5 76.5 85.5 77.5 56.5 57.5 64.0 49.5 79.5 80.0 84.0 71.5 55.0 64.5 51.5 78.0 76.0 80.0 60.5 67.6 58.0 77.5 84.5 71.5 75.5 41.3 35. 37.6 37.6 40.5 68.9 97.5 40.4 38.8 30.9 27.1 22.4 26.2 75.3 73.3 62.9 39.6 30.9 29.4 22.5 27.1 70.9 80.3 64.0 41.2 32.7 36.0 25.3 28.2 70.5 86.3 62.4 39.1 30.9 37.7 24.2 28.1 76.3 86.1 53.9 29.8 37.8 25.2 28.9 78.4 86.3 50.2 37.8 31.6 39.6 25.9 26.8 72.9 90.0 46.7 37.5 33.5 38.0 25.2 28.8 66.0 92.0 42.3 36.5 32.0 37.6 25.3 30.4 67.2 91.9 38.1 37.2 32.7 36.9 26.5 31.3 66.7 92.3 37.8 33.1 37.3 29.5 30.9 67.0 90.8 41.1 37.3 33.1 38.1 31.0 31.9 66.6 91.9 '38.4 32.4 37.2 33.4 35.2 69.6 93.9 38.5 106.1 78.5 75.5 57.0 65.0 50.5 61.4 56.5 49.2 54.5 37.1 60.0 55.1 85,0 99.1 100.0 96.1 92.5 70.8 91.0 71.2 96.0 106.9 88.5 '106.4 79.5 102.9 101.4 95.0 93.6 93.6 92.2 89.2 91.0 88.5 92.2 93.0 94.9 94.9 94.4 96.7 96.7 101.1 93.1 93.5 96.4 98.7 100.5 99.5 102.0 99.0 90.1 83.2 96.7 90.4 82.2 98.3 83.4 75.0 91.5 83.7 74.1 92.9 81.6 72.4 90.3 82.4 71.9 92.4 81.9 70.3 92.9 82.9 70.7 94.5 85.7 71.7 99.0 84.9 72.0 97.2 88.8 75.3 101.7 86.9 75.7 97.6 89.5 79.0 99.4 87.5 77.9 96.7 90.5 82.1 98.4 90.0 81.3 98.3 91.2 83.1 98.8 91.6 83.2 99.5 89.5 81.6 97.1 91 7 83.6 • 99.5 90.7 82.6 98.4 91.3 83.4 98.7 91.4 83.5 98.9 91.0 83.0 98.6 '91.2 84.1 98.0 90.9 83.2 98.2 78 104 65 104 45 57 35 93 50 107 65 81 103 62 123 77 50 22 95 50 75.0 70.0 lining: Anthracite 1929=100. 52.6 52.8 53.2 52.2 46.4 52,4 51.3 56.0 44.6 37.6 51.0 60.0 51.7 Bituminous coal —..do '26.2 78.5 82.2 80.2 42.9 88.7 88.6 '87.4 89.3 83.4 87.2 88.6 80.1 Metalliferous do.-. '61.5 49.7 68.8 66.0 61.6 62.6 60.9 61.0 62.3 65.2 57.9 61.9 51.4 Petroleum, crude, producing do '65.9 72.8 72.3 66.0 73.2 66.4 '66.2 67.0 71.5 69.5 68.3 67.8 72.4 Quarrying and nonmetallic do '43.0 414 43.6 44.1 45.4 43.7 37.9 40.1 38.3 44.6 44.4 41.4 44.6 Public utilities: Electric light and power, and manufac90.3 91.2 89.6 92.5 92.3 92.2 89.6 tured gas 1929=100.. 91.9 91.4 92.5 92.7 91.7 90.0 '69.1 70.1 69.6 70.6 70.4 Electric railroads, etc. do... 69.5 69.2 69.3 69.5 69.4 69.5 69.3 69.9 '74.1 74.8 74.7 Telephone and telegraph do 75.0 74.9 '73.4 74.1 73.3 74.4 74.3 74.9 74.7 74.8 Trade: '85.2 81.5 '83.8 82.2 83.6 85.7 Retail, total do... 81.1 83.8 98.1 84.7 85.9 80.0 86.9 Wholesale do. 87.3 87.3 87.2 87.0 '87.4 88.3 87.9 89.8 90.0 88.5 89.1 86.8 87.6 ' Revised. Preliminary. t Revised series. Data on world prices revised beginning 1920; see table 4. p . 17, of the January 1939 Survey. Data on factory employment, unadjusted (U. S. Department of Labor) revised beginning 1933; see table 76, p. 13, of the November 1938 Survey and table 1, p. 15, of the December 1938 Survey. Factory employment, adjusted (Federal Reserve) revised in its entirety; data not shown in table 76, p. 13, of the November 1938 Survey, or In table 1, p. 15 of the December 1938 Survey axe available upon request. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1939 gether with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey, May 1938 May June July August 1939 Septem- October Novem- Decem- January Februber ary ber ber March EMPLOYMENT CONDITIONS AND WAGES—Continued Payrolls: Factory, unadjusted (U. S. Department of '85.4 Labor)t 1923-25=10086.9 83.4 86.5 84.1 81.0 83.8 76.9 70.6 70.8 72.9 84.4 80.1 '78.4 78.3 68.7 Durable goods _ do 76.6 80.4 75.2 58.6 63.7 61.7 64.2 79.5 94.6 90.6 94.9 Nondurable goods do '93.1 93.4 84.1 91.0 93.4 80.9 82.6 91.7 Nonmanufacturing, unadjusted (U. S. Department of Labor): Mining: 36.2 20.2 Anthracite 1929^100.. 34.2 43.4 49.7 45.2 42.5 29.4 38.3 38.0 20.0 57.0 81.4 56.8 Bituminous coal do ••77.8 78.3 57.0 81.2 80.9 71.9 55.3 78.2 64.2 17.5 Metalliferous do 52.3 38.0 53.6 49.2 46.1 53.4 54.1 46.1 51.2 55.3 43.7 53.9 Petroleum, crude, producing do 63.3 66.7 63.7 67.6 62.7 62.5 66.5 66.7 '61.3 60.9 66.8 61.3 Quarrying and nonmetallic do 37.2 37.0 39.2 37.3 29.7 33.7 38.4 33.1 30.2 39.2 39.6 Public utilities: Electric light and power, and manufactured gas .1929=100.. 98.6 99.9 98.4 97.4 98.2 98.6 99.4 96.8 96.4 95.9 Electric railroads, etc do.... 69.0 69.7 68.4 71.2 68.8 68.9 69.5 70.9 69.7 70.5 69.9 71.1 Telephone and telegraph-do 90.9 90.9 92.6 91.3 93.0 91.3 95.4 95.3 92.5 '91.9 91.7 92.0 Trade: Retail, total _ do. 68.1 69.5 71.8 69.4 66.8 70.0 71.5 70.8 79.2 69.7 68.4 Wholesale .do. 73.6 73.8 75.1 74.3 75.0 75.4 75.1 73.7 75.7 74.6 75.5 '74.7 FOREIGN TRADE i, 80, 82, 83 indexes: Exports: Total value, unadjusted 1923-25=100.. 73 65 56 71 66 Total value, adjusted do 62 70 60 55 67 58 Imports: Total value, unadjusted ^.do 44 45 46 63 55 52 55 51 53 55 49 Total value, adjusted do 47 47 45 61 54 55 53 55 54 55 49 53 Value: Exports, including reexports, __thous. of dol_. 249,259 257,177 232,686 227,780 230,621 246,321 277,928 252,231 268,756 212,908 218,559 268,364 General imports, total— _ —do 202,502 148,260 H5,S9& 140,836 165,540 167,651 177,979 176,181 171,474 178,201 158,035 190,437 Imports for consumption, total do 194,193 147,243 147,938 147,797 171,053 172,947 178,460 171,652 165, 522 169,323 152,528 191,226 CHEMICAL AND ALLIED PRODUCTS Page 90 Chemicals: Alcohol, denatured: Consumption thous. of wine gal.. 7,812 6,725 6,072 8,203 9,124 7,648 11,188 10,309 10,433 6,720 7,578 6,567 Production do 7,869 6,711 6,092 8,490 9,181 7,846 11,101 10,195 5,500 6,828 7,616 6,454 Stocks, end of month do 1,192 r1,141 1,170 1,766 1,466 1,416 1,364 1,285 1,233 1,294 1,379 1,260 Alcohol, ethyl: Production thous. of proof gaL. 18,655 14,253 16,395 16, 370 17,284 15,800 17,017 15,164 16,772 17,067 14,671 17,423 Stocks, warehoused, end of month do 31,078 33,867 32,047 33,727 35,176 32,736 28,319 23,277 20.895 24,433 26,072 27,741 Withdrawn for denaturing do 15,032 10,615 14,400 12,350 14,483 16,072 18,986 17,249 17,389 11,327 11,19S 13,202 Withdrawn, tax paid do 1,684 2,340 2,439 2,111 1,590 3,506 1,639 1,841 1,851 1,691 1,350 FOODSTUFFS AND TOBACCO Pages 102,116 Beverages: Fermented malt liquors: Production thous. of bbl.. 5,511 5,135 5,199 5,650 4,313 3,731 3,595 5,337 3,642 3,537 3,482 4,489 Stocks, end of month do 9,661 9,189 9,590 7,367 7,570 8,242 8,540 7,467 7,081 8,265 7,774 Tax-paid withdrawals do___. 5,079 5,204 5,387 4,561 3,774 4,134 5,748 4,428 3,816 3,103 3,669 3,031 Distilled spirits: Production, total thous. of tax gal_. 10,743 6,857 5,692 9,658 9,294 18,923 22,147 16,956 11,829 10, 702 13,019 6,095 Whisky do 7,971 4,721 7,653 3,915 8,119 10,562 10,780 4,997 4,217 8,735 9,193 Stocks, total, end of month do 521,773 498,067 497,527 496,903 496,012 495,163 495,003 501,207 505,670 510,194 513,454 516,755 Whisky do „ 479,271 472,162 471,160 470,401 469,451 568,480 466,376 466,176 466,809 470,251 472,483 472,143 Tax-paid withdrawals _ do 6,878 6,443 6,592 5,732 8,569 6,091 7,491 10,203 11,745 6,246 9,724 5,672 Whisky doll6,111 4,878 5,175 6,794 4,313 5,003 8,173 5,008 9,571 5,837 4,226 Tobacco: Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions 15,445 ••14,424 14,717 13,784 15,892 14,711 13,264 13,506 12,656 13,863 11,782 14,244 Large cigars___ thousands 470,580 417,137 477,443 420,510 477,596 486,482 525,662 515,859 333,982 349,497 361,233 437,584 Manufactured tobacco and snuff thous. of lb., 30,499 28,921 30,180 27,544 30,473 30,577 27,869 30,940 27,126 26,914 25,425 29,594 METALS AND MANUFACTURES Pago 139 Machinery and apparatus: Foundry equipment: Orders: New 1922-24=100.. 108.9 62.2 75.3 90.6 83.4 87.9 78.7 146.6 89.7 135.5 122.5 141.9 Unfilled, end of month do 140.2 173.1 108.6 157.5 97.3 102.8 91.8 87.0 193.6 175.1 151.4 126.0 Shipments do 78.5 105.8 91.3 144.3 84.2 89.1 94.5 93.4 112.2 128.1 96.3 102.8 TEXTILE PRODUCTS P a e 165 Cotton: * Spindle activity: Active spindles ..thousands- 21,975 21,342 21,142 21,915 22,153 22,189 22,114 22,449 22,445 22,440 22,525 22,472 Active spindle hours, total...mil. of hours.. 5,459 7,575 5,925 5,668 7,575 7,375 6,613 7,171 7,641 7,118 8,236 7,187 Average per spindle in place hours.206 295 214 291 280 225 252 277 295 273 319 277 Operationst pet. of capacity.. 59.4 81.4 76.2 70.2 60.8 83.6 76.1 87.8 81.9 86.6 85.7 82.3 TRANSPORTATION EQUIPMENT Automobiles: Page 160 Production: Canada, total number.- 15,706 18,115 14,732 6,452 9,007 5,774 17,992 18,670 14,794 14,300 17,549 Passenger cars do 11,585 13,641 11,014 3,063 5,273 5,412 15,423 15,518 11,404 10,914 12,689 4,290 United States (factory sales), total._.do 297,508 192,059 174,670 141,443 90,494 83,534 209,512 372,413 339,152 297,841 371,940 Passenger cars do 237,870 154,958 136,531 106,841 58,624 65,159 187,494 320,344 326,006 280,033 239,980 299,703 Trucks do 59,638 37,101 38,139 34,602 31,870 18,375 22,018 52,069 62,340 59,119 57,861 72,237 April '84.9 '80.2 '90.2 45.3 17.9 '52.6 '60.8 '35.9 97.0 '69.6 '92.1 . '71.2 '74.8 61 64 58 53 230,947 186,195 185,800 7,523 7,719 1,485 17,859 29,625 13,253 2.076 4,636 8,746 3,985 10,876 8,443 519,158 477,135 7,601 5,737 12,269 403,042 25,628 146.2 208.6 131.0 22,109 6,893 268 84.6 16,891 12,791 337,372 273,409 63,963 ' Revised. t Revised series. Data on factory pay rolls (U. S. Department of Labor) revised beginning 1933; see table 77, p. 17 of the November 193S Survey and table 2, p. 16 of the December 1938 Survey. Cotton spindle activity revised beginning August 1933; see table 18, p. 18 of the March 1939 Survey. U. S . GOVERNMENT PRINTING OFFICE: 1 9 3 9
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