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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