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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 8, 1939 SUMMARY OF BUSINESS TRENDS of miscellaneous freight up 15 percent. Ore shipments rose to 43,700 cars in the week ended May 27 as Great Lakes traffic quent to the middle of May. Automobile production, however, expanded and were the largest for any week since October 16, was an exception; the labor dispute at the plants of a body man- 1937. Traffic in forest products increased more than seasonally ufacturer and shut-downs incident to the Memorial Day holiday during May. Commodity price movements in recent weeks have been marked cut assemblies to 32,000 units as compared with 68,000 and 80,000 units for the two preceding weekly periods. Preliminary by advances in quotations of wheat and cotton. The average estimates indicate that output for May approached 300,000 cars spot price of raw cotton was 9.42 cents per pound Saturday, a and trucks as compared with 354,000 units from the United gain of 1 cent since mid-April. Wheat of a standard grade at States and Canadian plants during April. Sales reports of Kansas City averaged 79 cents per bushel last week, a gain of partial coverage reveal that deliveries of new passenger cars 10 cents since mid-April. Despite these advances, average were sustained at a relatively high rate during May and that wholesale prices of farm products were at a 1939 low in the week ended May 27. Reduced quotations for hogs and beef dealers' stocks were reduced somewhat. Steel-mill operations have been advanced for three successive steers offset the advances in cotton and grains. Wholesale weeks and ingot production this week is scheduled at 54.2 per- prices of meats have recently been the lowest since 1934 and cent of capacity. Bituminous coal production increased to 6 almost 10 percent below the average quotations at this time million tons in the week ended May 27, a rise that was reflected last year. Prices of finished products have generally been in the expansion of freight loadings to a 1939 high of 627,700 unchanged for some time, though the lower prices for meats, cars. In the 4 weeks ended May 27, loadings of freight other which are classified as finished products, have reduced this than coal were 13 percent higher than a year ago with loadings index slightly. adjustment for holiday influences, industrial activity AFTER last week continued at the higher levels established subse- SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (PERCENT OF CAPACITY) BITUMINOUS COAL PRODUCTION (MILLIONS OF SHORT TONS) SPOT COMMODITY PRICES (MOODY:S INDEX- DEC. 31, 1 9 3 1 - 1 0 0 ) ELECTRIC POWER PRODUCTION (BILLIONS OF KILOWATT HOURS) CONSTRUCTION CONTRACTS-EW. DODGE (DAILY AVERAGE AWARDS-MILLIONS OF DOLLARS) PRICES OF 3 5 0 INDUSTRIAL STOCKS (INDEX, 1926- 100) 160 WZDMESOKT w CtOSE V V M I I I i -. 1 , , 1 YIELDS OF IZ0 CORPORATE (PERCENT) WHOLESALE COMMODITY (1926 = I O O ; BONDS PRICES 100 **\ 95 BUILDING J MATERIALS r^f~ METALS AND METAL PRODUCTS'^ 90 HOUSE FURNISHING GOODS 85 80 ' 75 FUEL AND LIGHTING - — CHEMICALS AND DRUGS MATSfWLS" 70 . , i . . i . .i , 1937 152191—39 1938 1939 1937 1938 1939 65 , , 1 , , 1 | i .-, ( . . 1 . • 1 . . 1937 1938 . . 1 . . 1 . . 1 . . 1939 2 WEEKLY BUSINESS INDICATORS1 [Weekly average, 1923-25=100] 1933 1939 3 Finance—Continued. Banking: Debits, outside N. Y. C.t— Federal Reserve reporting member banks: Loans, total Interest rates: Call loans tTime loanstCurrency in circulationj Production: Automobiles _._..__._ Bituminous coalt Cotton consumption? Electric powerf Lumber PetroleumJ Steel ingots© Beceipts, primary markets: Cattle and calves Hogs _ Cotton Wheat_ 87.6 86.1 85.3 86.3 75.0 75.6 107.8 109.7 88.7 86.0 70.4 79.0 64.4 67.5 107.4 110.6 94.9 93.3 90.6 91.8 75.1 75.6 121.0 123.5 Commodity prices, wholesale: Dept. of Labor, 1926=100: 75. S 75.9 Combined index (813) _ 63.5 64.1 Farm products (67) 67.6 67.4 Food (122) 80.7 80.7 All other (624)_ Fisher's index, 1926*100: 79.2 79.7 79.7 Combined index (120) 71.0 71.0 71.0 Copper, electrolytic%_. 36.0 36.0 36.0 Cotton, middling, spot . 74.9 Construction contracts t Distribution: Carloadings 65.5 64.2 Employment: Detroit, factory... Finance: Failures, commercial 51,6 61.9 58.2 Bond yields! 64.6 65.5 65.7 100.2 98.0 94.9 Stock prices t 76.1 63.6 68.5 68.3 81.0 80.9 77.7 67.2 72.3 81.4 78.1 68.8 73.0 81.5 87.1 89.3 84.8 86.2 87.4 91.0 84.9 86.3 79.9 79.9 80.5 80.8 92.6 93.3 71.7 72.5 63.8 63.8 100.0 100.0 34.6 34.2 29.4 29.4 48.5 48.9 70.2 57.9 117.4 64.4 58.5 129.1 1937 June May May May May June May June May June May- May May May June May June May 29 28 13 3 27 20 Business activity: 1 New York1 Times $ <?. Barron'sd BusinessWeek 1938 1939 1937 52.4 58.6 71.9 82.4 67.8 59.2 58.2 63.1 37.1 65.5 66.2 75.6 74.9 67.6 67.6 96.6 96.0 79.7 80.2131.8133.2 29 20 27 97.3 81.5 93.7 76.2 110.1 96.0 82.5 65.0 65.0 64.4 64.7 64.6 66.7 24.2 24.2 24.2 24.2 24.2 28.6 28.6 28.6 28.6 28.6 28.6 143.6 142.3 142.4 142.4 142.6 133.2 66.8 76.6 76.2 24.2 24.2 24.2 28.6 28.6 28.6 132.1 133.4132.4 42.5 88.8105,0 94.9 93.6 43.2 60.4 136.5157.8 60.2 50.1 10.5 27.0 53.8 52.1 73.1 74.2 9 1 112.0115.3 90.9 75.8146.0 136.4 .._ 109.1 132.4 130.3 130.3 129.9 112.8 118.4 127.9 132.5 52.5 50.6 48.1 49.2 33.1 41.8 52.6 69.7 172.1 165.1163.4 171.9 149.2 148.8 169.9 171.6 89.7 83.3 78.0 80.7 82.1 44.1 49.0 127.1 149.5 64.6 59.2 41.0 39.4 38.5 34.2 27.7 68.0 79.1 80.0 62.7 37.2 26.5 68.0 61.4 38.5 17.7 59.8 68.0 35.2 16.2 27.2 71.3 41.4 21.2 38.4 71.7 30.0 23.1 14.1 81.1 29.4 26.5 19.2 • Data do not cover calendar weeks in all cases. §Computed normal* '100. JDaily average. fWeekly average, 1928-30=100. ^Seasonally adjusted. ®Index for week ended June 10 is 93.1. tfFor description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS* 1939 ITEM June 3 May 27 May 20 May 13 1938 May 6 Apr. 29 June 4 May 28 1937 June 5 May 29 COMMODITY PRICES, WHOLESALE 0.098 Copper, electrolytic, New Yorkt dol. p e r l b 0.098 0.098 0.088 0.100 0.088 0.138 0.138 .098 Cotton, middling, spot, New York. do .098 .098 .080 .092 .093 .094 .080 .133 .132 2.27 Food index (Brad&treet's) .. do 2.27 2.25 2.25 2.35 2.34 2.28 2.27 2.85 2.85 35.63 Iron and steel, composite dol. per ton.. 35.63 35.59 38.44 36.21 35.72 36.26 39.89 .76 Wheat, No. 2hard winter (Kansas City)_.dol. per bu._ .75 .78 .79 .77 .75 .70 .71 1.30 1.27 Banking: FINANCE Debits, New York City_ .mil. of dol3,340 3,071 2,756 2,782 4,136 2,930 2,831 3,220 3,474 2,681 Debits, outside New York City. do 4,161 3,779 3,761 3,532 3,830 4,465 3,619 3,832 4,452 4,254 Federal Reserve banks: Reserve bank credit, total do 2,576 2,573 2,576 2,575 2,583 2,572 2,593 2,580 2,557 2,573 2,564 2,564 U. S. Government securities do 2,564 2,564 2,564 2,564 2,564 2,564 2,526 2,526 Member bank reserve balances do 10,005 10,029 10,097 9,967 9,872 7,716 9,903 6,944 7,745 6,854 4,244 4,218 Excess reserves, estimated __ do 4,304 4,186 4,084 2,632 4,124 2,640 860 Federal Reserve reporting member banks: Deposits, demand, adjusted .. do 16,955 16,965 16,681 16,719 14,697 14,589 16,742 15,528 16,660 15,274 Deposits, time do. 5,247 5,247 5,235 5,249 5,222 5,212 5,216 5,235 5,248 5,231 Investments, totalj do 13,548 13,563 13,634 12,202 12,653 12,252 13,675 13,714 13,554 12,587 XT. S. Government direct obligations do 8,304 8,264 8.334 7,922 7,844 8,341 8,287 8,270 8,308 8,237 Obligations fully guaranteed by U. S. Government mil. of dol. 2,046 2,031 2,055 1,385 1,159 2,026 1,156 2,030 2,010 1,411 Loans, total| _ do 8,046 8,126 9,529 8,345 8,071 9,571 8,334 8,100 8,125 8,085 Commercial, industrial, and agricultural loansg mil. of doL_ 3,822 3,837 3,845 3,852 4,251 4,270 4,031 3,992 3,844 3,841 Interest rates, call loanst percent.! 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Interest rates, time loanst do 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 Exchange rates: 2.649 2.649 Z649 French franct cents4.467 2.770 4.454 2.774 2.649 2.649 2.648 4.683 Pound sterling^ dollars4.681 4.681 4.941 4.946 4.928 4.947 4.681 4.681 4.681 Failures, commercial number.. ' 210 237 252 198 257 151 237 276 241 273 Currency in circulation^ mil. of doL 6,972 6,908 6,430 6,417 6,916 6,478 6,468 6,916 6,923 6,885 Security markets: Bond sales (N. Y. 8. E.) thous. of dol. par value. 23,690 25,080 33,290 24,520 38,230 36,200 20,350 28,290 26,340 24,190 Bond yields (Moody's) (120bonds)t percent 3.73 3.79 3.78 4.32 3.90 3.90 4.36 3.78 3.82 3.84 Stock sales (2V. Y. S. E.) thous. of shares.. 2,438 2,501 3,871 3,059 3,268 2,955 2,655 2,009 2,639 2,858 ; Stock prices (JV. Y.:Times)t_ _,dol. per share.. 97.31 95.18 77.91 92.16 129.38 128.10 93.79 77.42 93.23 91.57 Stock prices (Standard Statistics) (420) 1926=10086.0 84.6 70.8 81.1 116.8 115.6 83.6 70.4 83.1 81.0 Industrials (350) ^ do.. 100.4 98.7 83-5 94.5 137.6 136.3 97.6 97.2 82.9 94.6 Public utilities (40) do..II 84.8 S3.9 67.9 81.2 93.8 92.8 82.8 81.6 67.9 80.5 26.3 Railroads (30) do. 25.6 20.5 24.0 56.3 55.7 25.4 24.9 24.1 20.0 PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles number.. 67,740 32,445 80,145 72,375 120,425 46,120 86,640 71,420 104,136 Bituminous coaltthous. of short tons!. 1,025 854 179 887 916 1,263 605 459 1,245 Electric power mil. of kw.-hr., 2,205 2,170 1,973 2,171 .1,879 2,207 2,131 2,183 2,164 Petroleumt thous. of bbL. 3,438 3,585 3,099 3,403 3,638 3,574 3,108 3,568 3,581 Steel ingots® pet. of capacity— 45.4 52.2 48.5 77.4 47.0 29.0 91.0 26.1 48.6 47.8 Construction-contract awardst thous. of doL. 12,019 11,275 18,842 10,348 14,147 Distribution: Freight-car loadings, total cars— 627,674 615,966 555,396 572,857 586,015 502,624 562,076 790,503 Coal and coke do . 97,183 105,191 47,677 90,803 102,453 114,058 133,621 66,104 Forest products „._ do 30,088 29,763 30,573 26,841 24,503 30,127 29,231 42,478 37,448 Grains and grain products do ._ 34,284 34,370 33,904 33,344 26,332 34,019 35,231 27,262 22,124 Livestock do 11,811 12,783 12,048 11,366 13,875 10,706 14,106 12,578 10,423 148,526 149,334 171,311 152,855 152,781 152,161 153,803 153,424 130,036 Merchandise, 1. c. 1 1.I.I_.."do""I 20,431 36,232 43,670 21,381 24,928 77,175 15,890 16,612 73,415 Ore do.... 251,585 253,587 252,904 258,317 257,135 282,185 326,078 198,203 Miscellaneous _ do 256 225 198 187 215 194 226 200 204 Receipts: 191 242 256 229 250 195 258 266 Cattle and calves thousands.. 69 55 69 72 100 42 46 60 70 89 Hogs do 1,624 3,058 5,411 6,362 2,166 5,407 1,124 4,461 4,758 6,291 Cotton Into sight -«--I™"thbus."of bales" — markets —~ . uthous. «, «.*. £Daily average. »Data do not cover calendar weeks in all cases. u » *« of Wheat, at primary bu.. $No longer si nctly comparable; for an explanation, see the corresponding data on page 30 of the April 1939 issue of the Survey. 1936 June 6 0.093 .118 2.54 32.81 .91 4,376 4,153 2,489 2,430 5,713 2,844 14,580 5,035 13,522 8,909 1,305 8,626 1.00 1.25 6.583 5.012 203 5,963 51,150 3.94 3,833 120.68 103.3 118.2 98.9 46.8 98,106 1,088 1,945 2,935 68.2 695,844 110,858 34,762 31,672 11,802 165,058 52,137 289,555 220 269 94 2,225 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 1933 Supplement to the Survey COMMODITY PEICES Page 11 Prices received by farmers (V. S. Department of Agriculture): Combined index-1909-14=100Chickens and eggs do Cotton and cottonseed do Fruits do Miscellaneous do 1939 May 1939 1938 May June July DecemOctober NovemAugust September ber ber 90 85 72 92 85 72 92 98 71 103 77 79 92 99 68 98 73 77 95 103 71 101 79 72 92 105 69 102 78 62 95 118 69 104 75 63 112 110 111 88 116 92 123 99 115 92 95 124 72 107 70 60 117 107 83 82 84 87 99 98 88 81 81 82 83 60 62 62 63 anuary February March 94 97 71 109 76 66 92 91 70 107 78 66 91 88 71 100 81 66 89 87 70 95 82 67 April 94 131 73 109 71 60 111 107 111 102 96 127 70 112 73 63 109 108 112 96 116 108 116 114 114 102 107 95 108 109 92 83 86 84 85 84 67 78 88 89 65 78 88 89 85 86 68 76 88 89 85 84 68 74 88 89 66 79 87 90 68 82 88 91 87 65 66 64 65 65 66 67 69 14,573 14,861 15,293 15,581 15,639 15,862 16,186 16,766 2,600 2,586 2,584 2,607 7 2,564 11,639 11,272 14,861 9,672 8,713 3,227 7 2,564 11,970 11,613 15,293 9,935 8,876 3,383 5 2,574 12,382 11,948 15,639 10,420 9,215 3,644 2,598 1 4 2,564 12,561 12,125 15,862 10,571 8,936 3,387 2,587 8 2,563 11,295 10,918 14,573 9,406 8,198 2,869 2,601 1 4 2,564 12,166 11,798 15,581 10,088 8,724 3,205 4 2,564 12,951 12,553 16t 186 10,919 9,157 3,559 4,253 82.7 4,315 83.2 4,385 83.6 4,452 83.7 4,339 83.9 4,353 84.2 4,330 84.7 2,595 1 3 2,571 13,476 13,103 16,766 11,376 9,900 4,098 4,458 85.1 .320 .169 .994 .027 .400 .539 .248 4.804 .318 .169 .991 .027 .400 .544 .246 4.768 .314 .169 .992 .026 .400 .543 .243 4.708 .311 .168 .991 .026 .401 .544 .241 4.670 .311 .169 .992 .026 .401 .542 .240 4.669 .312 .169 .995 .026 .401 .536 .241 4.686 .312 .168 .996 .026 .401 .531 .241 4.685 .312 .168 .995 .026 .401 .531 .241 4.681 180,506 509,160 247,569 194,118 303,839 169,901 486,396 229,916 181,480 289,412 10,605 22,765 17,653 12,638 14,427 186,095 182,522 3,573 154,076 147,635 6,440 EMPLOYMENT CONDITIONS AND WAGES Page 38 Trade-union members employed: All trades _. percent of total._ Building do Metal do Printing- »..i^-_^-._——_.—.do—~ All other. do On full time (all trades) do 75 83 90 91 70 63 75 88 85 64 75 87 85 65 15 87 86 64 75 87 88 68 73 88 88 71 83 90 91 FINANCE Pages 54, 62, 76 Banking: Federal Reserve banks, condition, end of month: Assets (resources) total mil. of dol.. 1(3,922 14,179 14,214 14,285 14,261 Reserve bank credit outstanding, total 2,585 2,589 2,596 2,582 2,573 mil. of dol__ Bills bought -..—. .-do 7 7 9 8 4 Bills discounteddo 2,564 2,564 2,564 2,564 2,564 United States securities do 13,673 11,030 11,041 11,0*9 11,026 Reserves total . do 13,326 30,648 10,645 10,642 10,640 Gold certificates do Liabilities, total do 16,922 14,179 14,214 14,285 14,261 9,212 9,270 9,247 9,212 11,535 Deposits, total do Member bank reserve balances, total 8,179 8,164 8,024 7,665 mil. of dol— 10,029 3,022 2,941 2,875 2,568 4,220 Excess reserves (estimated) _. do Federal Reserve notes in circulation 4,169 4,135 4,149 4,157 mil. of dol_ _ 4,477 82.4 82.4 82.4 82.fi 85.4 Reserve ratio . . . ------ _. percent Monetary statistics: Foreign exchange rates: .329 .325 .331 .331 .312 Argentina dol. per paper peso.169 .169 .170 .168 .170 Belgium . dol. per belga_. .996 .994 .989 .992 .996 Canada.. dol. per Canadian dbl_.027 .028 .028 .026 .028 France.— . dol. per franc. .401 .402 .403 .402 .401 Germany . . - . dol. per reichsmark.^. .550 .546 .553 .554 .536 Netherlands .... .-dol. per guilder . .254 .252 .256 .256 .241 Sweden . . dol. perkrona _ 4.929 4.881 4.958 4.967 4.681 United Kingdom doL per £ . . Security markets; Stocks: Dividend declarations (N. y . Times): Total -thous.ofdoL_ 377,394 366,435 222,001 167,170 240,965 358,417 353,652 207,374 157,175 230,994 Industrials and miscellaneous -^do 9,970 9,995 Railroads .. * .. do w. 18,976 12,783 14,627 Prices: Dow-Jones & Co., Inc. (65 stocks) 46.13 46.05 38.73 36.38 44.47 dol. per share.. Industrials (30 stocks) do . 132.69 114.20 118.79 139.47 140.97 21.64 20.01 19.38 22.00 23.07 Publie utilities (15 stocks).^ do;—_ 28.16 28.49 21.82 19.09 27.05 Rails (20 stocks) do— 98.90 99.74 85.70 80.47 94.19 New York Times (50 stocks) do.— 167.73 143.93 153.92 175.95 177.53 Industrials (25 stocks) do 21.95 21.85. 17.49 17.01 20.67 Railroads (25 stocks) do TEANSPOETATION AND COMMUNICATIONS Page 85 Class I steam railways: Freight carloading (A. A. i2.):$ 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 2,372 2,186 2,760 297 19 121 344 16 105 432 20 132 185,428 182,735 2,693 43.98 137.04 18.49 25.62 95.68 171.70 19.68 50.32 49.64 150.36 151.96 23.35 22.92 30.62 * 31.29 106.81 105.29 189.69 186.99 23.59 23.95 49.32 150.12 21.94 30.52 105.36 186.99 23.74 49.13 146.87 23.30 31.20 102.73 181.82 23.64 48.68 144.60 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 2,273 2,392 2,653 3,542 2,530 2,949 2,302 2,297 2,390 2,832 353 17 104 382 18 120 468 22 120 668 31 159 511 26 109 664 35 131 515 30 103 529 30 99 478 29 105 350 29 140 116 42 577 34 125 42 612 33 878 870 967 159 61 775 58 1,261 129 53 561 33 936 148 63 604 106 1,022 221 102 799 141 1,422 137 69 594 65 1,018 163 67 708 44 1,138 17,419 18,061 24,669 17,240 9,942 10,128 45,157 18,994 7,707 32,698 16,356 4,199 20,262 10,969 5,658 14,373 8,827 6,221 10,216 5,398 4,304 13,085 8,473 5,769 12,562 8,656 4,461 16,984 101,195 61,080 38,477 25,525 14,274 Shipments d o — 16,851 17,090 14,277 26,726 25,258 23,291 §Data for June, October, and December, 1938 and April 1939 are for 5 weeks; other months, 4 weeks. 27,345 23,797 19,110 21,696 14,892 18,252 11,900 12,758 9,512 9,251 13,748 11,113 16,000 11,174 FOODSTUFFS Pages 106,108 Grains and grain products (principal markets): Corn: Receipts tnous. of bu_. Shipments.,.. -do Oats: Receipts . . . do Wheat: 223 44 563 90 887 186 53 717 118 1,101 879 23,333 20,170 31,867 38,706 28,104 27,987 6,303 5,267 3,609 26,573 27,617 9,703 137 49 612 121 1,016 130 51 597 55 191 49 598 98 MONTHLY BUSINESS STATISTICS—Continued 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 * 1939 May 1939 1938 May June July August Se Decem- January - ^ r u $J|. m " October Novemary ber ber March April FUELS AND BYPRODUCTS Pages 117,119 Coal: Anthracite: Production Bituminous: Production Coke, beehive: Production thous. of short tons- *5,071 4,255 4,291 2,571 2,729 3,337 4,165 3,728 »17,8S0 21,266 22,470 23,357 28,665 32,276 35,094 36,110 52 44 50 56 63 70 _ do do. METALS AND MANUFACTURES Page 137 Nonferrous metals: Tin: Deliveries long tonsStocks, end of month: World, visible supply do— United States do—. 4,471 79 4,953 4,114 3,604 '5,296 35,530 33,910 35,290 10,747 77 71 20 5,905 4,275 4,205 3,775 3,775 4,465 4,960 3,535 3,400 4,330 4,105 4,755 5,980 30,866 3,387 27,909 3,679 29,061 4,247 31,097 4,071 32,251 5,232 32,476 4,573 31,539 4,500 30,598 5,060 30,554 5,157 34,240 4,624 35,245 5,486 5,806 33,873 3,385 7,456 5,030 8,490 6,071 8,142 5,772 7,893 5,491 7,643 5,479 8,726 9,802 7,750 9,757 7,790 9,652 7,478 9,361 7,050 9,247 6,945 8,441 5,960 7,971 5, £07 TEXTILE PRODUCTS Pages 154,156 Cotton: World visible supply, totaL.thous. of bales.American cotton.. do Silk: Deliveries (consumption) balesStocks, end of month: Total, visible supply ..do United States (warehouses) do 26,150 28,687 31,492 32,593 38,504 38,844 35,631 41,599 35,204 40,816 33,219 37,863 27,802 61,601 24,201 135,616 37,016 133,157 44,457 138,105 42,305 135,347 39,747 142,511 40,711 151,311 43,811 150,718 46,218 149,778 53,278 124,354 48,554 98,078 38,178 86,816 23,116 77,238 20,738 1939 April 193S April May June July 1939 Decem- January Febru- March August SeptemOctober November ary ber ber EMPLOYMENT CONDITIONS AND WAGES Pages 39,44,47 Labor conditions: National Industrial Conference Board (25 Industries): Average weekly hours per worker in factories hours— Labor turn-over In mfg. establishments: Accession rate. .mo. rates per 100 employeesSeparation rate: • Total do.... Discharge.. do Lay-off. ...do Quit— do.... Wages: National Industrial Conference Board (25 industries): Factory average weekly earnings—dollars.. Factory average hourly earnings do 32.9 32.7 33.1 33.8 35.2 36.2 36.7 36.9 36.6 36.8 36.9 2.95 2.58 2.84 3.44 4.81 5.29 4.51 5.19 4.24 3.22 4.09 3.06 3.34 3.47 .10 2.60 .77 4.54 .10 3.85 .59 4.57 .13 3.82 .62 4.41 .11 3.08 .10 2.33 .65 3.56 .12 2.62 .82 3.30 .12 2.40 .78 3.14 .10 2.44 3.88 .61 3.81 .09 3.13 3.21 .58 3.19 .10 2.24 .85 2.61 .10 1.87 .64 3.18 .13 2.23 .82 26.27 .717 23.53 .717 23.38 .718 23.74 .719 23.93 .713 24.93 .711 25.73 .714 26.14 .714 26.32 .714 26.02 .713 25.95 .713 26.11 .713 26.25 .715 23,622 33,139 28,774 27,890 25,671 28,371 32,000 31,824 29,812 29,991 30,350 27,774 29,032 .140 23,325 .145 32,662 .138 28,516 .134 28,146 .145 25,512 .158 28,718 .155 32,387 .153 31,092 .150 30,221 .143 30,373 .140 30,319 .140 27,701 .140 29,417 32,666 23,830 9,469 14,360 8,836 33,286 23,143 7,946 15,197 10,143 35,294 24,115 7,623 16,492 11,179 32,390 7,418 14,968 10,003 26,730 18,512 6,603 11,909 8,218 28,821 19,747 7,249 12,499 9,074 29,769 20,114 7,879 12,235 9,655 28,773 20,486 8,481 12,006 8,2S7 25,280 18,367 8,397 9,970 6,914 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 23,003 0,626 13,377 8,551 4,211 4,356 9,998 2,660 3,143 10,141 2,663 3,291 9,521 3,036 3,929 8,470 3,287 3,870 8,041 4,038 3,991 8,217 3,916 3,888 8,022 4,183 4,126 8,237 4,139 4,405 7,924 4,729 4,154 8,451 4,581 4,163 8,932 4,344 3,739 9,573 B,137 4,583 10,109 3,841 3,927 8,837 2,258 2,860 9,917 2,325 2,974 9,265 2,797 3,730 2,936 3,519 7,723 4,026 3,744 8,029 3,832 3,980 7,859 3,980 4,101 7,746 4,029 4,138 7,665 4,351 3,859 8,166 4,098 3,681 3,335 8,415 4,470 4,015 8,901 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 do.... RUBBER AND RUBBER PRODUCTS Page 149 Tires and tubes: Pneumatic casings:t Production _ Shipments, total Stocks, end of month Inner tubesrf Production Shipments, total Stocks, end of month thousandsdo do do do do * Preliminary. * Revised. t Revised series. Data for pneumatic casings and inner tubes revised for years 1936,1937, and 1938; see tables 27 and 28, pp. 16-18 of the May 1939 Survey. NOTE.—The data in the above tables present, in advance of the monthly Surrey of Current Business, such items as were received during the week ended Saturday, June 3. Thesefigures,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 Surrey 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. O., for $2.00 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40. O. * . GOVERNMENT PRINTING OFFICE) 1939
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