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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C., MARCH 7, 1940
SUMMARY OF BUSINESS TRENDS
The contrascasonal declinc in steel mill operations has coniinucd though the rate of decrease has slackened recently. Ingot
output dropped below Go percent of capacity for the week ended
March 9. This figure was no more than 5 percent above the
end of August rate, and on the whole the output of semimanufactured materials at the end of February was but moderately
higher than prior to the September spurt. Preliminary data,
suggest that cotton mills began to reduce operations during
February from the remarkably high rate sustained in the preceding 6 months. Aside from the automobile industry, where output
was at 100,000 units in the latter weeks of the month, the declinc
in output of the basic industries was rather general throughout
February. Paper production has held above the pre-war posit ion
but paperboard output at the end of February was slightly
beld'wllfe August mark. It should'be noted; however, that the
movement of miscellaneous freight by the railroads was some 12
percent higher on a seasonally corrected basis than in August.
The February movement of miscellaneous freight was about 10
percent higher than a year earlier, a gain in line with the comparative position of the general index of industrial production.

While there were some indications that the decline in industrial operations was slowing at the beginning of March and
substantial purchasing of nonferrous metals had occurred, the
general business situation was still lacking in visible expansionary forces of a strong nature. Although the retail trade situation
shows considerable variation geographically, it is not improving
in the aggregate on a national basis. Export demands have
continued as "a major source of support, but there are no definite
indications of an increase of capital formation and the high
level of inventory holdings has made for cautious domestic
buying.
In contrast to the situation in the opening months of 1939,
the construction industry currently docs not afford the expansionary potentialities that last year had resulted from the
placing of a record volume of public works contracts. Private
residential' building activity is showing no significant change
from the early 1939 position. Actual contracts awarded for
homes as well as the applications for Federal Housing Administration insured mortgages on new homes to be built, charted
below, have merely been holding around the year earlier figures.

SELECTED BUSINESS INDICATORS
(PERCENT

FREIGHT CAR LOADINGS

ELECTRIC POWER PRODUCTION

STEEL INGOT PRODUCTION

(thousand of cars)

(BHUONS OF KILOWATT HOURS)

OF C A P A C I T Y )

COMMERCIAL LOANS

BITUMINOUS COAL PRODUCTION

AUTOMOBILE PRODUCTION

(DA5LY AVIRAGt - THOUSANDS OF TONS)

(THOUSANDS OF VEHICLES)

4.8

(E:LLI0?4S OF DOLLARS)

(
r
i
Y S / 9 3 6

4.4
-—jT

40
3.6
3.Z
•jmXWH $ Cf-BAMlLi - OAH-Y -JWfcHA&E)

140

120

120

100

100




ii1

i •

i I:! 1 I i

1

(INOEX, 1926 ' 100)

160

140

214355—40

S I— I

PRICES OF 350 INDUSTRIAL STOCKS

(AUG 1939 = 100)

80 (sx \ ! , I.L: i ! 1 iJ.. « , - ! , . ! • •

1 .

.v.-*-^ sEiicra ros app^asm on t-ny.rs to at built )

(THJJSAI.es or CARS)

PRICE INDEX OF 28 BASIC COMMODITIES
160

1

F H A . HOME MORTGAGES

MISCELLANEOUS CAR LOADINGS

CRUDE OIL RUNS - TO - STILLS

uf„-.vrwir

4 1 J I • ! • i ! : : • • \r•

•1 • • i • •i • 1 i : ! t s

i

1

CLCZI

WEEKLY BUSINESS INDICATORS®
[Weekly average, 1923-2r>=»l()0J
1010

J
1i

Mar.! Feb
2 ! 24
»
Business activity:1
New York Times§cT
Harron'scf
Business Week

|

1030

1038

J 038

>
!
1
Fob. Feb. Feb. Mar.' Fob. Mar.- Feb.
17 10 ; 3 > 4 ; 25
5 | 26

|

I

i

I

i

|

Finance—Continued.
Banking:
Debits, outside N. Y. C . t . . . 103.1, 97.5
Federal Reserve reporting
member banks:
Commodity prices, wholesale:
Loans, total.
Dept. of Labor, 1926=100:
Interest, rates:
Call loansj...
24.2 24.2 21.2
Combined index (813)
!... . 78.0 78.3 78.5 78.8 76. 7| 76.8 79-8s 79.6
Time loans;
09. li 68.0 68.9 69.6 67.2 67.7 71.1 : 70.2
28.6 28.6 28.6i 28.6 28.6
Farm products (67)
71.0 70.5 70.9 71, 71.5 71.4! 73.8 73.5
153.6 153.31152.8,152.61152.2 1
Currency in circulation;,
Food (122)
"
83.3 83.5 83.6' 80.4 80.4 82.9- 83.1 Production:
1
83.3
All other (021)
Automobiles
i
132.2 134.6 124.6 125.8 132.7,103.2 99.2 65.2. 69.0
Fisher's index, 1920" 100:
90.3 89.1 96.4 99.7. 82.6
~
"
Bituminous coal J
Combined index (120)
81.1 84.8 84.3 84.6 81.7! 80.3 80.0 83.0' 83.0
Cotton consumption^
.. ...123.lll25.4 123.ri08.4 1
Copiwr, electrolytic;
81.9. 80. li 79.7
... 81.2 82.6 79. 79.7. 71.0. 71.0
147.4=148.6151.4 152.5 131.7 133.6 122.2
Electric powerf
Cotton, middling, spot
j 11.5 41.9 41.5 41.5 40.8 33.5 32.7. 33.5j 33.8
Lumber
46.11 42.8: 42.4- 46.2 38.1 41.6 35.0
42.5 70.9 09.4'. . . . 30.2
Petroleum;
182.3 179.2 178.5! 177.11168.0 159.1 159.8 160.3
Construction contracts?
]
50. 3
Steel ingots®
113. 2,Uol» 11S. 2 123.2132.8 95.8 92.2 49.5
Distribution: Carloadings
s
02.1 63.4 65.1 68.5 62.4 58.1 57.7 53.4
104.9 99.3
71.3 Receipts, primary markets:
Employment: Detroit, f a c t o r y . '
111.5
Cattle and calves
52.3 50.9; 50.8 54.1 51.4 54.5 66.3
Finance:
Hogs
Failures, commercial—
60.3 55.3 71.7 61.7 70.0 62.4 65.6 63.9 65. G
! 52.4 56.1 52; 7| 57.6 33.1 36.1 33.9
Cotton
86.9, 77.3 91.9. 92.3' 87.7 32.7 30.8 42.3
Bond yields!
62.6 62.4i 62.4 62.6 62.7i 65.5 00. u /2.4 72.0
Wheat
Stock prices;
'IIP.Hill. 1HII, A110.4 109. 7 J 06.9104.11 95.0 96.5
65.11 36.8 23.2 21.2. 27.9 .35.4 .27.6 32.9 20.Q
;Daily average.
fWeekly average, 1928-30=100.
• Data do not cover calendar weeks in all cases.
^Computed normal* 100.
d T o r description of these indexes, see p. 1 of the Dec. 16, 1937 issue.
1 Seasonally adjusted.
$ Index for week ended M ar. 9 is 111.0.
L1! 90. e! 98.6 101.5' 89. 5. 88.2. 79.6 78.8
10S.3 107.4110.8112.8 95.8; 90.9 73.0 76.0
HI. 1110.2 113. 6 118.4 100.1.100.8 80.9! 81.3

WEEKLY BUSINESS STATISTICS
1940

COMMODITY PRICES, WIIULKSALE
Copier, electrolytic, New York;
dol. per l b Colion, middling, spot. New York
do
Food index Uiraitstreet's)
do—
Iron and steel, composite
dol. per ton.
Wheat, Xo. 2 Hard Winter (Kansas City) dol. per bu.
Banking:
FINANCE
Debits, Xcw York City
mil. of dol..
Debits, outside New York City (140 cities)
do—
Federal Reserve banks:
Reserve bank credit, total
do
CJ. S. Government securities
do . . .
Member bank reserve balances
do
Excess reserve, estimated
do—
Federal Reserve reporting member banks:
Deposits, demand adjusted
do...
Deposits, time
do.. .
Investments, total J
do..
IT. S. Government direct obligations
do
Obligations fully guaranteed by U. P. Government
mil. of dol
Loans, totalS
do.—
Commercial, industrial, and agricultural loaus§
mil. of dol.
Interest rates, call loans;
percent
Interest rates, time loans;
do
Kxchanpe rates:
French franc;
cents..
Pound sterling;
dollarsFailures, commercial
number..
Currency in circulation;
mil. or dol.
Security markets:
Bond sales (X. Y. S. E.) . .thous. of dol. par value..
Bond yields (Moody's) (120 bonds);
percent.
Stock sales (.V. Y. S. E.)
thous. of shares..
Slock prices (AT. Y. Times)*
dol. per share..
Stock prices (Standard Statistics) (120)
1920=100..
Industrials (350)
do....
Public utilities (40)
do.. .
Railroads (30)
do.
PRODUCTION, CONSTRUCTION, AND
Production
DISTRIBUTION
Automobiles!
number..
Bituminous coal;
thous. of short tons..
Kleetric power
mil. of kw.-hrs..
Petroleum;
thous. of bbl..
Steel inpots®
pet. of capacity.
Construction-contract awards;
thous. of dol
Distribution:

1030

Mar. 2

Feb. 24

Feb. 17

Feb. 10

0.113
.113
2.30
36.83
1.00

0.111
.114
2.3t
36.83
1.03

0.110
.113
2.33
37.00

0.112

.113
2.31
37.01

0.114
.111
2.36
37.03
.95

.111
2.35
37.09
.9S

2,673
3,983

3.0S4
4,523

2,604
3,713

3,185
4,335

2,523
2,477

2,537
2,477
12.318
5,687

Jan. 27

1038

; 1037

Mar. 4

Feb. 25

Mar. 5

Feb. 26

0.118

0.110
.091
2.33
36.38

0.110
.089
2.32
36.38
.71

0.098
.091
2.47
38.81
.96

0.098
.092
2.48
38.84

0.148
.140
2.96
39.47
1.38

3,187
4,343

2,912
4,279

3,54S
4,462

2,688
3,284

3.523
4,389

2,155
3,209

4,833
5,274

2,518
2,477
12,097
5,523

2,503
2.477
12,150

2,514
2.477
12,148
5,592

2,586
2,561
8,912
3,382

8,811

2,592
2.501

2.563
2.564
7,215
1,391

2,591
2,56-1
7,2-10
1,412

2,457
2,430

16.094
5,IS9
13,426

14.381
5.260
12,298
8,137

14,576
5,249
12,271
8,147

15.501
5.167
13.597
9,067

Feb. 3

Mar. 6

5,629

2,530
2,477
12,151
5,580

19,414
5,290
14,740
8,851

19.256
5,277
11.680
8,830

19.062
5.260
14,686
8,855

19,108
5,256
14,692
8,910

19,199
5.257
11,675
8.877

19.163
5.251
14,047
8,896

15.965
5.202
13,108
8,113

2,421
8,528

2,425
8.531

2 420
8,516

2.411
8,507

2,414
8,431)

2.412
8,536

2,019

8,186

8,180

1.159
8,933

1,150
8,896

1,208
9,12 L

4.324
1.00
1.25

4.316
1.00
1.25

4.309
1.00
1.25

4.314
1.00
1.25

4.295
1.00
1.25

4.316
1.00
1.25

3,773
1.00
1.25

3.766
1.00
1.25

4.357
1.00
1.25

4,378
1.00
1.25

1.00
1.25

2.233
3.940
270
7,459

2.240
3. m
225
7,446

2.243
3.958
292
7,420

2.256
3.981
251
7.412

2.258
3.984
285
7,392

2.254
3.978
302
7,368

2.647
4.688
254
6,752

2.64S
4.6S9
267
6,711

3.261
5.017
6,350

3.267
5.018
267
6,321

4.620
4.885
183
6,405

28.190
3.01
3.015
107.25
91.1

26.360
3.60
3,253
107.94
92.2
108.3
87.9
2S.9

27.070
3.60
2, HiO
103.32
91.9
107.8
87.7
29.0

33,510
3.C1
3,735
107.21
91.3
107.1
87.4
23.7

29.010
3.62
2,914
106.55
90.4
105.8
87.3
28.3

34.030
3.63
3.128
107.12
91.1
107.3
87.7
29.0

43.850
3.78
4.641
103.83
92.6
10S.9
86.5
30.4

26,500
3.81
3.365
101.05
89.6
105.6
8-1.1
27.9

27.260
4.18
2,679
92.27
82.7
98.2
71.7
29.4

29,4S0
4.19
3,978
93.74
84.7
100.7
73.1
30.2

88.810

102,670
1,538
2,455
3,732
67.1

95,030
1.517
2.476
3.718
6S.S
8.074

95,985
1,012
2,523
3,688
71.7

101/240
1,698
2,5-11
3.499
77.3
6,825

106,400
1,720
2,566
3.612
82.2

78,705
1,407
2,214
3.315
55. S
11,376

75,660
1,461
2.226
3.329
53.7
11,14-1

49,745
1,068

52,677
1,119
2.031
3,323
30.-1
4,854

127,134
1,873
2,200
3.299
85.8

106.8

87.6
2S.S

100,S55
3,798
65.9

12,211

3,298

8,181

1,993

260

2. (W0

3.310
29.3

1,310

3.78
14.8-14
140.07
131.5
154.8
108.0

61.2

Freight-car loadings, total
cars.
595.032 607, 921 626,903 657,004
019.188 59$. 691 556.742 552.892
730.329
511,939
Coal and coke
do...
156,638
111,741
114.976
170,798
184.652
112,593
136, ,>13 131.858
106,75-1 171.190
Forest products
do...
29,263
30,532
30,146
31,374
27.832
25,819
26,932
25,493
24.446
36.209
Grains and prain products...
do..29,171
30.897
31,223
32.0S0
30.395
30.215
28.879
33,039
32.344
28,230
Livestock
do.
10,510
11.083
10,768
10,911
11,200
11,450
9,935
10,697
9.637
11,437
Merchandise, 1. c. 1
do
133,908 142.987 147,412
146,78S
134,938 171,063
143,370
153.420 133,973 151,498
Ore
do
9,812
9,789
6,818
9,696
7,883
10,087
8. £40
6,805
8.979
10,717
Miscellaneous
do
195,9-15 301,183
231,315 240,895 244,031 254,963 243,199
233,322 215,721 211,328
Receipts'
Cattle and calves
thousands..
161
161
165
171
171
210
172
199
211
163
IIops
do
312
364
310
408
374
220
231
297
291
215
Cotton into sipht
thous. of bales..
210
226
205
223
239 1
201
110
80
194
147
85
1.929
Wheat, at primary markets
thous. of bu..
1.948
2.219
5.181
2.001
2.929
2,615
2.196
1,601
1,401
2.820
QRate for week ended Mar. 9 is 01.0.
;Daily average.
' D a t a do not cover calendar weeks in all cases.
5No longer strictly comparable; for an explanation ,sci? the corresponding data on p. 30 of the April 1939 issue of the S u r v e y . ^Soukce: 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
COMMODITY PIUCES
Page 11
Prices received by fanners (U. S. Department of
Agriculture):
1909-1^100..
Combined index
Chickens and eggs
do . .
Cotton and cottonseed
do—,
Dairy products
<i<>--Fniits.
do....
Grains
do—
Meat animals
do—
Truck crops
do....
Miscellaneous
do—

February

101

9S
85

118

I

1039

1040
February

March

92
91
70
107
78
66

91
88
100

April

May

87
70
95
82
67
114
'95

90
85
72
92
85
72

June

July

August SeptemOctober November
ber

89
90
71

83
73
9-1
93
73
107
105

73
96
80
66
107
99

'99

100

102
76
107
73
83
117
'117

97
108
74

D

19-10

^ c r r a - January

118

112
128

97
117
75
117
66
79
107
'123

96
104

99
91
85
119
66
90
103
117
113

112

90
97
82

70
01
101
108
107

' 105
92

19,497

15,862

16,186

16,766

16,922

17,172

17,348

17,823

18,602

18,779

18,740

19,027

19,223

2,547
0
7
2,477
16,181
15,813
19,497
13,030

2,598
1
4
2,501
12,561
12.125
15,862
10,571

2,587
1
- 4
2,564
12,951
12,553
16,186
10,919

2,595
1
3
2,571
13,476
13.103
16,766
11,376

2,573
1
4
2,564
13,673
13,326
16,922
11,535

2,579
1
5
2,551
13,874
13,521
17,172
11,701

2,486
1
fi
2,188
14,230
13,878
17,318
11,952

2,446
1
• 5
2,426
14,661
11,321
17,823
12,247

2,879
1
0
2,804
15,013
11,679
18,602
12,953

2,801

0
H
2,736
15,178
14.838
18,779
12,988

2,650
0
8
2,552
15,295
11,976
18.710
12,865

2,593
0
7
2,484
15,524
15,209
19,027
12,941

2,503
0
2.477
15,975
15,561
19.223
13,422

12,32S
5,092

8,936
3,387

0,157
3,559

9,900
4,r

10,029
4,218

10,018
4,140

10,507
4,553

10,918
4,758

11,655
5,352

11,973
5,553

11,628
5,160

11,653
5,209

12,150
5,560

4,872
87.5

4,353
81.2

4.380
81.7

4,458
85.1

4,477
85.4

1.5U
85.6

4.530
86.3

4.631
86.9

4.720
85.0

4.773
85.5

4.862
86.3

4.959
80.7

4,832
87.5

.298
.169
.867

.312
. 169
.995

.312

.312
. 16S
.995

.312
.170
.998

.312
.170
.998

.311
.170
.995

.401
.532
.241
4.682

4.681

.399
.535
.2-10
4.611

.107
.893
.023
'.401
. 531
.238
4.011

.298
.165
.878

.401
.531
.238
3.9C3

(0
.170
.913
.023
'.399
.532
.238
3.995

.298
.106
.876
.022
.401
.531
.238
3.930

.298
.168
.880
.022
.401
.532
.238
3. m

199,969 659,512 330,592
192,915 60S, 149 311,996
7,053 51,362 18,596

231,651
215.5S8
16,064

116

81
66
116
'110

112

'88
83

81

70
64

101

73
77

9-1

100

65
87

101

FINANCE
PaJ?es 51, 02, 7G
Rankin?:
Federal Reserve banks, condition, end of
month:
Assets (resources), total
mil. ofdol .
Reserve bank credit outstanding, total
mil. ofdol..
Hills bought
do . . .
Bills discounted
do—
United States securities
do....
Reserves. totAl
do...
Gold certificates
do...
Liabilities, total
do....
Deposits, total
do....
Member bank reserve balances, total
mil. of dol.
Excess reserves (estimated)
do—
Federal Reserve nores in circulation
mil. ofdol..
Reserve ratio
percent..
Monetary statistics:
Foreign exchange rates:
Argentina
dol. per paper peso..
Belgium
dol. per belga..
Canada
dol. per Canadian dol..
France
dol. per franc,.
Germany
del. per reichsmnrk..
Netherlands
dol. per guilder..
Sweden
dol. T>er krona..
United Kingdom
uol. per £ . .
Security markets:
Stocks:
r
Dividend declarations (A . Y. limes):
Total
tlious. of dol..
Industrials and miscellaneous
do—
Railroads
do—..
Prices:
Dow-Jones & Co., Tnc. (63 stocks):
dol. por share..
Industrials (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....

.401
.536
.241
4.6S6

.168
.996
.026
.401
. 531
.241
4.685

.401
.531
.241
4.681

.312
.170
.996
.026
.401
.536
.241
4.681

33$, 306 303,839
323,201 289,412
15,165
14,127

186,095
182,522
3,573

154,076
147,635
6,440

377,394
358.417
18,970

220,175
200,698
19,477

181,033
167,167
13,866

310,284
296,168
14,116

193,698
191,364
2,334

48.99
115.06

42.68
127.73
22.05
25.75
90.46
161.51
19.11

41.43
132.56
23.05
27.02
94.19
107.73
20.67

45.66
136.52
23.60
27.59
96.95
173.12
20.79

46.82
139.26
21.96
28.29
99.71
178.
21.45

40.4'
137.89
25.
27.67
99.41
178.21
20.6S

50.47
150.72
21.36
31.97
110.3*
195.86
24.91

51.80
152.15
25.64
31.27
110.33
194.82
25.81

51.01
149.98
25.6S
33.38
108.59
192.28
24.90

50.01
148.54
25.00
31.63
109.01
191.21
23.82

49.72
117.60
25.44
.31.09
107.40
191.78
23.03

2,832
350
29
140
159

2,372
• 297
19

2,549
429

2,
• 470
27

612
121

44
583
167

170
18
615
192
1,034

3,375
676
46
152
165
84
640
253
1,358

3,262

50
744
209

3,841
740
45
171
219
90
780
277
1,523

3,010

121

3,149
503
28
151

1,236

67159
155
171
03
716
55
1,371

2,555
- 643
50
115
117
50
554
38
9S9

11.864
12,759

9,880
12,077

22.655
11,581

31,609
13,135

26,723
15,893

21.923
9,169

12,611
8,125

.022

49.41
147.29
21.8;
30.83
107.83
192.67
22.98

TRANSPORTATION AND
COMMUNICATIONS
Page 85
Class I steam railways:
Freight-carloadings (A. A. R.): 1
Total cars
thouaiuds..
Coal
do.
Coke
do.
Forest products
do—
Grains and grain products
do—
Livestock
do—
Merchandise, I. c. 1
do—
Ore
—do.
Miscellaneous
do.

2,187
571
43

FOODSTUFFS
Pages 106,108
Grains and grain products (principal markets):
Corn:
Receipts
thous. of bn__
Shipments
—
do.
Oats:
Receipts
do.
Wheat:
Receipts
do„_.
Shipments
—do.

13.120
7,777

121

123
43
571
39
974

.026

IS. 68
111.60
24.91
30.31

102.22
181.21

23.21

'2.283
r
515
30
99
116

42
577
34
870

10,210

5,398

21.81

31.07
100.59
178.01
23.18

.2,390
'478
29
105
125
' 42

.026

61

137
49

.026

202

33
967

775
58
1,261

1,016

1,261

13,085
8,473

12,562
8,656

23,333
20,170

17,381
17,042

612

.026
.101

.533
.211

21
118
200

.026

126

.022

.401
.531
. 23S
3.925

- 601

47
142
148
67
616

182

4,926

4,301

5,769

4,461

6,303

4,540

6,673

18,625

12,528

6,261

5,632

4,756

4,327

11.423
7,403

9,512
9,251

13,748
11,113

16,000
11,174

25,525
16,851

44,016
14,423

99,006
30,840

43,921
22,791

38,995
21,495

19,799
16,856

12,190
14,936

11,510
13,086

9,390
8,831

METALS AND MANUFACTURES
Page 137
Nonferrous metals:
Tin:
6,600
4.925
4,755
5,050
6,010
5,905
5,980
4.105
7,870
6.295
5,275
9,780
11,366
Deliveries
. — . — l o n g tons..
33.715 30,039
29,615 26,338 31,168 38,206 38.035 3S.2S0 35,573
Visible supply, world, end of m o . t - . - d o — 33,148 40,035 37.78S 37,224
2,078
3,413 1 3,536
5,4S6
4,3S8
5,800
3,283
5,339
3,387
3,385
1,749
3,302
3,613
United States
do,
r Revised.
i Quotations not available August 28-Octobcr 16.
1 Data for April, June, September, and December 1939 arc for 5 weeks; other months, 4 weeks.
t Revised scries. World visible supply of tin revised beginning January 1925; revisions not shown on p. 50 of the November 1939 Survey will appear in a subsequent issue




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 of the Survey.
EMPLOYMENT CONDITIONS AN I)
WAGES
Pages 39,44, 47
Labor conditions:
National Industrial Conference Board (25
industries):
Averago weekly hours per worker in factories f
hours..
Labor turn-over in mfg. establishments:
Accession rate..mo. rate per 100employees._
Separation rate:
Total
do...
Discharge
do...
Lay-off
do....
Quit
do...
Wapcs:f
National Industrial Conference Board (25
industries):
Factory average weekly earnings dollurs..
Factory average hourly earnings
do
CHEMICALS AND ALLIED PRODUCTS
Pages 97, OS
Vegetable oils and products:
Oleomorginc:
Consumption (tax-paid withdrawals)
thous. of l b . .
Price, wholesale, standard, uncolored (Chicaeo)
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—
ELECTRIC POWER
Page 90
Production, totalt
mil. of kw.-hr..
By source:
Fuel.
do...
Water power
do
By type of producer:
ivately
Priv
' " and municipally owned public
utilities
mil. of kw.-hr..
Other producers
do—

1040

1039

January January

February

.March

April | May | Juno

July

August

So

gJ® m " October

33.7

36.6

36.9

36.8

36.5

37.1

37.1

37.0

3S.2

3.57

4.09

3.06

3.31

2.93

3.29

3.92

4.16

5.06

6.17

3.43
.14
2.55
.63

3.19
.10
2.24
.85

2.61

.10
1.87
.61

3.18
.13
2.23
.82

3.46
.10
2.60
.76

3.48
.13
2.67

3.31
.12
2.46
.73

3.36
.12
2.51
.70

3.01
.14
2.05
.82

1.58
1.07

28.09
.727

25.95
.713

26.11
.713

26.25
.715

26.27
.717

26.19
.720

26.67
.721

26.64
.721

27.29
.720

29,409

30,350

27,774

29,032

22,827

20,745

20,114

.120

.140
27,701

.140
29,417

.140
23,325

.135

.135

29,354

.140
30,319

21,111

.135
19,262

27, COS
20. 156
9,991
10,405
7,210

24,229
17,828
8,180
9,648
6,401

24,415
17,395
7,982
9,413
7,021

31,555
23,003
9,626
13,377
8,551

23,830
9,469
14,360

40,138
28,546
9,611
18,935
11,592

36,886
26,197
9,781
16,416
10,690

12,242

10,641

9,654

10,567

9,955

10,3-11

9, OCA
3,177

6,899
3,742

6,116
4,450

5,662
4,393

6,176
4,165

11,202
980

No

b™

in

'

D

g«m-

39.1

39.1

4.10

2.84

2.91
.17
1.81

2.93
.15
1.97

3.46
.12
2.65

27.58
.722

28.24
.724

28.49
.727

21,206

27,918

23,676

27,719

25,737

.135
21,608

.124
28,105

.123
23,785

.128
27, 880

.120
25,587

29,472
20,769
8,199
12,569
8,703

33,087
23,413
9,309
14,104
9,674

25,515
10.420
15,095
11,445

34,510
24,995
10,976
1-1.020
9,544

29,396
21,772
10,234
11,538
7,621

25,934
19,333
9.409
9,924
6,602

10,529

10,651

11,228

11,116

11,864

11,659

12,077

6,743
3,786

7,179
3,472

7,701
3,527

7,997
3,118

8,727
3,138

8,455
3,204

'8,891
'3,187

39.0

r

28.49
'.729

9,965
676

9,043
611

9,900

9,321
634

9,686
655

9,820
709

9,846
804

10,329
900

10,260
856

10,974
890

10,736
922

11,151
'926

38,105
35,372
43.5
36,403

33,234
34,786
42.9
34,698

35,997
39,615
47.5
39,807

29,183
31,640
3S.8
33,666

27,702
30,840
37.8
32,657

29,041
30,781
37.0
32,566

29,892
28.836
35.3
26.169

40,005
40,212
47.9

64,732
41,427
50.5
39,215

63,835
5-1,263
66.3
49.807

51,778
59,143
69.6
54,038

45,978
53,663
65.2
53,753

61,003
15,026
64,094
66,603
35,317

50,876
12,604
56,476
53,298
38,495

57,928
10,145
60,421
60,387
38,463

69,772
19,442
53,454
60.475
31,412

68,191
20,638
67,610
66,995
32,057

59.277
16,245
62,996
63.670
31,472

53,914
19,671
47,894
50.4S8
28,878

66,082
16,694
69,656
69,059
29,475

133,384
61,494
86,069
88,584
26,960

98,692
51,226
110,988
108,960
28,988

8a 265
48,999
84,181
82,492
30,677

72,380
44,213
81,252
77,166
34,763

438,746
785,591
47.4
781,031
36*717

421,037 351,203 277,719 257,961
597,953 737,155 '837,079 846,322
36.0
45.0
51.9
51.1
600,411 742,491 437,320 845.51
31,008 28,672
28,431 29,050

208,000

235,772 247.729 771,714 '1,147,918 966,519 767.591
750,276 851.087 1,203,820 1,612,38-11,636,293 1,468,963
40.0
52.2
73.8
92.3
92.4
82.9
756,890 849,691 1,207,335 1,576,6901,653,078 1,457,472
33,025 34.407
30,892
66,586
49,781 61,251

METALS A N D MANUFACTURES
Pages 131, J3J, 134, 135
Pic iron and iron manufactures:
Castings, malleable:
Orders, new
short tons . 40,43S
Production
do.... 53,372
61.2
Percent of capacity
Shipments
short tons- 52,088
Boilers, range, galvanized:
Orders:
New
number of boilers.. 69,407
Unfilled, end of month, total
do
36.086
Production
do
79,565
Shipments
do..., 77,534
Stocks, end of month
do—. 36,794
Steel, manufactured products:
Barrels and drums, steel, heavy type:
Orders, unfilled, end of month
number.. 450,032
Production.
d o — 1,137,543
Pcrcent of capacity
64.0
Shipments
number.. 1,158,345
41,708
Stocks, end or month
do....
Boilers, steel, new orders:
Area
thous. of so. ft..
525
Quant it y
number..
483
Furniture, steel:
Oflice furniture:
Orders:
New
thous. of dol-.
2,367
Unfilled, end of month
do
1,350
2,264
Shipments
_
do
Shelving:
Orders:
New
do
504
Unfilled, end of month
do
443
Shipments
do—.
556

1,131
1,264

817
892

617

1,926
1,129
1,783

1,763
1,144
1,748

368
191
311

383
224

765
834

877

1,760
1,038
1,866

932

1,769
989
1,712

219
458

255
378

501
323
433

861,102

52.8
850,513
1,032

772
1,033

1,175

1.752
1,380

997

1,932
1,179
1,745

1,774
1,361
1,596

1,855
1,285
1,932

% 097
1,334
2,048

2,181
1,365
2,150

425
293

407
291
366

411
263
440

421
266
418

526
335
456

1,008

802

554
477

2,120

2,095
1,217
2,160

1,299
2,187
511

TEXTILE PRODUCTS
Page 157
Wool: 5
Consumption (scoured basis):
Apparel class
—thous. of l b . . 28,ISO 25,941 22,449 21.110
19,567 20.244
23,772 27,489 24,707 25,006
33,984
26.436
Carpet class
do
9,784
8,776
9,535
7,984
5,S52
6,291
8,159
9,856
9,604
8,847
11,274
9,238
Operations, machinery activity (weekly aver*
ages):
Looms:
Woolen and worsted:
1,921
Broad
thous. of active hours..
1,853
1,042
2,043
1,759
1,573
1,338
1,698
1,791
1,5-19
1,782
Narrow
do
79
69
75
78
101
69
69
62
82
73
81
95
Carpet and rug
do
200
186
209
213
155
175
198
213
199
178
196
221
Spinning spindles:
73,130 60,041
Woolen
do
73.328 73,480
55,704
74,103 81.748 80.173
73,739 77.201
72,489
63,248
"226
77,747 67,613 79,174
87,770
Worsted
d o . . . . 71,344
71,306 77,698 81,611 105,604 103,333
82,819
137
144
129
Worsted combs
do
137
157
167
145
95
124
132
117
' Revised.
f Revised series. Data for average wccklv hours and wages revised beginning 1934. See table 2, p. 18, of tho January 1940 Surrey.
t See footnote marked
on p. 40 of the January 1940 Survey.
5 Data for January, April, July, and October 1939 are for 5 weeks; other months, 4 weeks.
P . » . GOVERNMENT FRUITING O F F I C E »I»4o




5-10

494
534

22,378
7,665

2.044
78
197
74. I l l
84,395
133