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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , MAY 2, 1940 SUMMARY OF BUSINESS TRENDS T^H E monthly index of income payments to individuals receded -1- further in March to 87.0 from the high point of 89.5 (1929 — 100) reached at the top of the marked advance which occurred during the final third of 1939. The recent decline has been sharp, being approximately equivalent to the rise from August to October. Income payments to individuals for the first quarter aggregated $17,570 million as compared with $18,887 million for the last quarter of 1939. While March income payments were somewhat higher than in February, the increase was considerably less than seasonal. The principal cause for the maintenance of the total for March at the relatively high level of $5,936 million was the usual rise in dividend and interest disbursements during the month. Wages and salaries showed a slight increase in March, but the adjusted index of employees' compensation declined from 86.0 to 85.4, as business activity moved downward. Factory pay rolls, both adjusted and unadjusted, were lower for the month; other nonagricultural pay rolls recorded some gains. As a whole, nonagricultural income declined moderately from 88.8 to 88.3 for the month, but there was a sharp drop in the cash income of farm operators, including Government benefit payments. Business data made available during the past week do not indicate changes other than of minor character. Total paper production was reported higher at 88.8 percent of capacity, in consequence of the expected curtailment of Scandinavian supplies, compared with an average of 86.8 percent for the year to date. Automobile production dropped moderately last week, and steel ingot production also eased off. For the current week the steel rate is scheduled at 61.8 percent of capacity, up nearly 2 points to approximately the level of 4 weeks ago. Price reductions previously announced for some important steel products were withdrawn by major companies, though orders at the reduced prices were to be accepted to May 1 for delivery during May and June. This may have induced some covering of requirements. Automobile sales for the second 10 days of April were estimated at 121,000, bringing the total to 231,000 for the first 2 periods of the month. Thus, sales, to April 20, did not show an extension of the late March rise which carried sales for that month to a total of 3Q« 000 units. SELECTED BUSINESS INDICATORS FREIGHT CAR LOADINGS ELECTRIC POWER PRODUCTION STEEL INGOT PRODUCTION (BILLIONS (PERCENT OF CAPACITY ) 100 OF KILOWATT (THOUSANDS OF CARS) HOURS) *** 80 60 40 20 /939 -^ n **efl^\^ ^ y ^—<^>-> sT 0 t • 1 BITUMINOUS AUTOMOBILE PRODUCTION (THOUSANDS OF V E H I C L E S ) COMMERCIAL LOANS COAL PRODUCTION (DAILY AVERAGE - THOUSANDS OF TONS) (BILLIONS 5.2 OF DOLLARS) 4.8 ^/933 4.4 4.0 -^r^-^ 3.6 3.2 gRlCES-OH-,.350. -INDUSIRIAI—SIQCKS 1— lNDilSTRIAL_PR0DUCTION. (INDEX, 1926-100) ' 160 /VJ WEDNESDAY CLOSE 130 (SEASONALLY ADJUSTED 1 9 2 3 - 2 5 = " " MONTHLY QATA / 120 140 / . J 110 120 \ 100 1937 r \ 80 • •..•r....TW... I 1939 1938 1940 70 , , , , , , 1937 (SEASONALLY ADJUSTED . \ \ A/ / , , t i i 1 - - t . . 1936 . . t . . 1 . , i . . 1939 1 • , 1 , , 1940 FACTORY EMPLOYMENT & PAYROLLS INCOME PAYMENTS 100 / \ 90 100 60 — (O23 - 25 = 100) (929*100) MONTHLY DATA 95 90 N 85 80 75 70 *j . 1 , , 1., , 1 , . . 1 . . 1 , . l", .. 1937 22615 2-H10 1938 . i . .'! . , i . , 1939 i,. i,, 1940 1937 1938 1939 1940 WEEKLY BUSINESS INDICATORS' [Weekly average, 1923-25= 1001 1940 Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined index (S13) Farm products (67) Food (122) All other f624) Fisher's index, 1926=100: Combined index (120) Copper, electrolytic Cotton, middling, spot Construction contracts *. Distribution: Carloadings Employment: Detroit, factoryFinance: Failures, commercial Bond yields *_. Stock prices t Finance—Continued. Banking: Debits, outside N. Y. C.t Federal Reserve reporting member banks: Loans, total Interest rates: Call loans* Time loans* Currency in circulation]: Production: Automobiles Bituminous coal* Cotton consumption! Electric powerf Lumber....Petroleum*. _ Steel ingots© Receipts, primary markets: Cattle and calves Hogs Cotton. _ Wheat. - 93.3 92.8 93.8 86.7 86.2 75.5 75.1 99.5 100.0 100.5 103.0 83.4 81.6 68.8 71.0 105.3 104.8 104.3 105.8 94.5 94.3 76.3 70.7 78.5 78.0 77.6 77.9 76.1 76.0 78.3 63.9 63.9 67.8 69.6 68.0 67.0 68.6 68.7 71.9 71.9 70.8 69.7 82.7 82.8 80.8 80.7 82.2 78.6 69.1 72.2 82.1 84.6 84.8 84.5 83.7 84.1 80.1 80.3 80.6 81.0 80.4 81.9 80.4 79.7 79.7 71.7 74.6 71.0 71.0 40.8 40.8 40.8 40.8 40.4 33.8 32.7 32.4 33.1 66.0 1938 Apr. Apr. Apr. __,._. Apr. Mar. Apr. Apr. Apr. Apr. 30 23 27 20 13 6 29 22 Apr. Apr. Apr. Apr. Mar. Apr. Apr. Lpr. Apr. 23 27 20 13 6 30 29 22 30 Business activity: 1 New York Times §cf .. Barron'sc? Business Week... 1939 1940 1938 1939 73.3 62.3 88.1 69.0 70.0 44.9 65.0 63.3 65.9 61.5 58.6 57.0 55.0 108.3 110.3 96.0 76.4 64.4 84.5 67.3 70.5 80.1 77.6 61.4 61.5 61.4 61.5 61.9 66.6 66.7 75.9 78.0 111.8 111.6113.0 112.7 111.0 94.3 93.9 81.6 84.2 • Data do not cover calendar weeks in all cases. §Computed normal** 100. ^Seasonally adjusted. ®Index for week ended May 4, is 106.0. 84.2 111.9 88.7 99.1 88.2 79.3 100.5 91.2 69.2 69.2 69.1 69.2 68.8 64.8 65.0 68.7 68.7 24.2 24.2 24.2 24.2 24.: 24.2 24.2 24.2 24.2 28.6 28.6 2S.6 28.6 28.6 28.6 28.6 28.6 28.6 155.1 155.2 154.9 155.0 154.3 141.8 141.5 131.3131.2 129.0 131.9 129. 129. 131.5 110.2 114. S 64.6 73.0 71.8 75.0 81.2 82.9 35.5 25.6 49.1 49.4 115.7 115. 115.3 110.7112.1 75.8. 78.5 145.4 145.1 142.9145. 131.0 132.0 116.4 117.1 47.1 49. 48.9 46. 38.2 185.7 190.5 176.9 174.9 168.4 170.6 105.8104.1 83.5 87.4 54.0 54.7 102.9 104.4 56.6 53.6 53.5 54.6 63.4 52. 66.4 67.1 37.7 47.8 46.9 47.8 39.8 36.3 40.8 35.5 45.4 37.7 32.7 41.9 43.1 25.4 21.5 31.5 34.6 67.0 72.3 78.0 56.1 48.0 40.1 38.5 101 tDaily average. tWeekly average, 1928-30=100. d"For description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS < 1940 Apr. 27 Apr. 20 Apr. 13 1939 Apr. 6 Mar. 30 Mar. 23 Apr. 29 1938 Apr. 22 Apr. 30 1937 Apr, Mayl COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York* dol.perlb.Cotton, middling, spot, New York do Food index (Bradstreet's) . do Iron and steel, composite dol. per ton.. Wheat, No. 2 Hard Winter (Kansas City).dol. per bu.. FINANCE Banking: Debits, New York City _.mil. of dol.. Debits, outside New York City (140 cities) do.... Federal Reserve banks: Reserve bank credit, total.-. _ do. U. S. Government securities do. Member bank reserve balances do. Excess reserves, estimated _ do. Federal Reserve reporting member banks: Deposits, demand adjusted do Deposits, time do~_. Investments, total§ do... U. S. Government direct obligations do... Obligations fully guaranteed by U. S. Govern ment. mil. of dol._ Loans, total§ _. : do_,~. Commercial, industrial, and agricultural loans§ mil. of doL. Interest rates, call loans* percent-. Interest rates, time loans*--do. Exchange rates: French franc*.— cents.. Pound sterling! dollars.. Failures, commercial number.. Currency in circulation* mil. of doLSecurity markets: Bond sales (N. Y. S. E.) thous. of dol. par value.. Bond yields (Moody*s) (120 bonds)* percent— Stock sales (N. Y. S. E.) __ thous. of shares.. Stock prices (N. Y. Times)X dol. per share.. Stock prices (Standard Statistics) (420) 1926=100.. Industrials (350) ..do. Public utilities (40) _.do. Railroads (30) _ __ .do. PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: 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* —thous. of dol.. Distribution: Freight-car loadings, total. cars. Coal and coke... _ do,. Forest products ..do.. Grains and grain products do.. Livestock _ _ _ _ do.. Merchandise, 1. c. 1 _ .do.. Ore. ..do.. Miscellaneous _ _ do.. Receipts: Cattle and calves. _ .thousands. Hogs. _ _ do Cotton into sight thous. of bales.. Wheat, at primary markets ..thous. ofbu,. 0.111 .111 2.33 36.57 1.08 0.113 .111 2.30 36.56 1.08 0.111 .111 2.30 36.56 1.04 0.110 .111 2.28 37.07 1.03 0.110 .110 2.29 36.81 1.03 0.112 .110 2.29 36.84 1.03 0.099 .092 2.27 36.26 .71 0.103 3,639 4,228 3,640 4,622 3,122 3,903 4,423 5,189 2,850 4,117 3,598 4,787 2,831 3,832 3,270 4,091 2,501 2,467 12,883 6,116 2,514 2,467 12,757 6,048 2,500 2,467 12,575 5,949 2,512 2,467 12,395 5,815 2 510 2,475 12,294 5,679 2,520 2,475 12,236 5,594 2,580 2,564 19,764 5,313 14,934 8,975 19,655 5,312 14,936 9,002 19,465 5,360 14,835 8,938 19,175 5,355 14,666 8,848 19,276 5,338 14,726 8,830 19,251 5,333 14,792 8,941 2,427 8,650 4,419 1.00 1.25 2,406 8,653 2,379 8,631 2,380 8,649 2,379 4,430 LOO 1.25 4,393 1.00 1.25 4,414 1.00 1.25 1.991 •4.035 7,531 1.989 «*4.035 262 7,538 1.992 M.035 344 7,523 29,840 3.54 4,623 108.56 92.4 108.7 86.9 29.0 33,210 3.55 6,750 108.42 92.2 108.4 87.6 28.6 101,405 311 60.0 118 8,049 0.098 .088 2.36 38.54 .83 0.098 .090 2.37 38.58 .86 0.143 .136 2.86 40.25 1.34 3,127 3,887 3,578 4,481 4,124 2,591 2,564 9,743 3,993 3,741 3,680 2,586 2,564 7,661 2,579 2,583 2,564 7,547 2,492 2,571 2,526 6,934 1,643 16,742 5,235 13,675 8,270 16,619 5,213 13,684 8,273 14,598 5,230 12,257 7,987 14,451 5,221 12,224 7,977 15,383 5,158 12,774 8,370 2,369 8,606 2,030 8,100 2,030 8,124 4,379 1.00 1.25 3,844 1.00 1.25 3,858 1.00 1.25 1,179 8,585 4,208 1.00 1.25 1,175 9,428 4,383 1.00 1.25 1,199 8,587 4,187 1.00 1.25 2.023 « 4.035 274 7,528 2.027 * 4.035 287 7,495 2.114 3.732 253 7,492 2.648 4.681 326 6,885 2.648 4.680 316 6,871 3.088 4.988 3.111 4.993 4.462 4.942 6,378 6,373 6,407 42,310 3.54 6,895 109.78 93.3 109.8 88.2 29.3 49,310 3.55 7,270 109.46 93.5 110.0 88.6 29.6 35,540 3.57 4,838 107.77 91.7 107.8 87.0 29.0 23,150 3.58 2,782 107.23 91.1 107.2 86.5 28.5 24,190 3.84 2,858 91.57 81.0 94.6 80.5 24.1 24,880 3.85 2,467 91.16 80.0 93.6 78.9 23.7 26,170 4.38 2,495 79.26 74.0 88.1 67.4 21.6 39,310 4.50 4,329 81.73 73.8 88.4 65.4 21.2 61,780 3.96 103,725 1,222 2,422 3,859 60.9 101.940 1,278 2,418 3,854 61.3 11,762 101,655 1,382 2,381 3,745 61.7 103,370 1,412 2,422 3,841 60.7 10,003 103,395 1,344 2,424 3,871 62.4 12,605 86,640 605 2,183 3,568 48.6 14,147 90,280 436 2,199 3,527 50.9 11,073 50,755 S36 1,939 3.396 32.0 11,239 57,363 842 1,951 3,440 32.4 7,214 150,485 1,154 2,194 3,497 92.3 12,116 628,342 121,018 32,096 34,163 11,304 148,150 15,164 266,447 618,810 120,447 31,174 31,196 11,146 148,301 12,495 261,051 602,697 107,518 31,570 30.108 10,069 149,726 10,369 263,337 628,278 135,800 31,931 34,540 9,595 147,156 10,160 259,096 619,886 126,575 33,346 31,441 10,797 147,685 10,444 259,598 586,015 557,867 72,608 28,450 30,752 13,309 152,035 12,813 247,900 543,089 29,231 35,231 14,106 153,424 15,890 257,135 26,568 35,338 12,630 149,957 10,928 227,679 523,748 79,204 24,162 32,767 12,276 148,075 9,442 217,822 777,827 135,034 36,877 27,459 14,822 171,505 70,200 321,930 179 245 98 6,551 160 310 85 5,330 173 310 112 6,201 178 302 160 4,065 200 258 66 4.461 166 235 56 3,817 210 264 82 3,188 212 231 90 3,066 230 228 131 2,251 169 304 109 fi,754 2.28 36.29 1.00 1.25 128.26 114.8 134.7 93.7 # ©Rate for week ended May 4 is 61.8. JDaily average. Data do not cover calendar weeks in all cases. •Official rate. £No longer strictly comparable; for an explanation, see the corresponding data on p. 30 of the April 1939 issue of the SURVEY. ^Source: Ward's Automotive Reports. MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, to- 1940 gether with explanatory notes and references . to the sources of the data, may be found in the March 1938 Supplement to the Surrey 1940 1939 March April May June July August September ictober ovember >ecember 'ebruary BUSINESS INDEXES Pages 6, 9 Income payments.'t Adjusted index 1929=100.. Total mil. of dol.__ Salaries and wages: Adjusted index .__..1929=100.. Total.... ..mil. ofdol.. Commodity producing industries.do Distributive industries do Service industries _,.do Government.. _ do Work relief wages do Direct and other relief do Social-security benefits and other labor income mil. ofdol... Dividends and interest. do Entrepreneurial income and net rents and royalties mil. of dol_. Total nonagricultural income do... Adjusted index of nonagricultural income 1929=100.. Agricultural marketings: 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___Poultry and eggs _ _do 85.4 5,400 86.8 6,010 88.0 6,195 88.5 5,804 89.5 89.5 6,067 88.4 5,567 82.8 3,516 1,271 868 810 422 145 85 84.0 3,560 1,318 871 813 423 135 87 84.5 3,692 1,357 892 821 507 115 87 3,858 1,434 922 835 539 128 87.3 3,834 1,421 911 839 531 132 87 87.7 3,878 1,413 942 851 534 138 87 87.2 3,723 1,337 892 837 ••519 '138 94 86.0 3,691 1,324 '873 831 '520 '143 95 133 760 139 471 145 920 145 451 129 496 1,258 5,217 132 1,514 1,277 6,306 1,252 ' 5,518 • 1,178 • 5,081 84.3 1,103 5,453 85.4 128 783 1,338 5,510 '148 455 1,137 4,943 135 805 1,291 5,364 143 855 1,121 5,192 136 849 1,109 5,222 87.0 88.8 89.5 89.8 88.8 83.0 5,654 83.4 82.1 3,575 1,235 850 797 506 187 95 81.0 3,550 1,212 849 799 510 180 90 M50 »827 148 772 1,134 5,484 1,137 5,256 84.8 M57 85.5 4,887 86.7 59.5 63.5 60.5 75.5 75.5 78.5 65.0 67.5 63.0 51.5 74.0 77.0 75.0 66.5 75.5 66.5 58.5 74.0 82.0 71.0 64.5 93.0 73.5 64.5 82.0 84.0 84.5 67.0 -107.0 76.5 68.5 83.5 89.0 87.0 66.5 90.0 76.5 66.0 86.5 91.0 87.0 73.5 79.0 79.0 74.0 84.0 91.5 82.0 70.5 79.0 72.5 85.0 95.0 84.5 65.5 '60.5 '84.0 81.0 '86.5 '94.0 '82.0 80.0 4,554 41,190 4,702 41,876 4,246 39,065 15,285 13,608 111,851 100,455 12,945 95,124 57.5 72.5 63.0 81.0 78.0 83.5 73.0 =- 53.5 76.0 76.5 78.0 69.0 59.0 70.5 59.5 80.5 75.0 89.5 66.0 4,662 41,891 4,171 38,119 4,248 39,229 4,170 38,165 3,907 36,858 3,906 37,098 3,907 37,262 4,288 39,723 4,150 38,553 15,307 13,164 95,899 13,724 13,918 99,757 101,345 12,142 91,709 13,130 99,498 12,624 97,376 14,152 109,016 14,385 108,449 100.5 99.5 102.0 99.0 102.9 101.4 100.8 99.3 97.6 99.6 99.0 103.1 107.2 109.4 106.9 106.4 109.0 109.0 112.1 108.8 105.4 108.7 100. 96.2 105.0 100. 95.7 104. 94.3 84.1 104.0 94.0 83.7 103.8 94.1 84.8 103.0 93.8 83.9 103.3 93.0 84.0 101.6 93.3 82.9 103.3 93.4 84.6 101.8 94.3 83.9 104.2 93.5 83.0 103.5 95.3 84.7 105.3 96.3 83.9 108.1 95.9 85.3 105.9 100.2 89.8 110.2 97.5 88.9 105.7 103.6 96.1 110.8 101.2 94.6 107.6 103.8 98.2 109.2 103.4 97.3 109.2 104.1 100.0 108.0 ' 104.5 100.0 108.9 101.5 97.4 ' 105.4 103.9 99. ••107.8 101.4 '96.5 106.0 r 102.1 '97.4 106.6 52.5 89.8 63.0 40.8 51.7 87.4 61.0 66.2 40.1 53.0 25.9 61.5 65.8 43.0 52.6 47.9 61.9 66.1 45.6 51.2 78.3 61.6 67.0 47.3 44.7 79.4 60.4 67.3 47.5 48.5 81.4 60.4 66.7 48.1 49.4 85.4 62.9 65.0 47.9 51.9 93.0 65.3 64.3 8.0 51.3 94.9 66.5 63.8 47.1 51.0 92.6 67.3 63.8 44.0 51.5 '91.8 '66. '63. '37.8 52.0 91.8 66.1 63.1 38.1 87.0 ••68.9 74.4 88.2 ••68.9 75.8 90.6 ••69.2 -76.4 90. '69.5 76.5 90.3 '69.3 76.1 90.1 '69.0 --76.8 '68.8 '-76.1 '69.2 —76.8 86.9 87.4 88.8 87.2 89.2 '69.3 76.4 89.4 88.1 90.6 '69.2 — 76.6 90.7 90.4 87. "68.5 -75.1 88.5 87.3 90.0 68.1 -75; 8 87.2 87.9 86. 90.5 90.5 91.7 92. 104.2 92.1 '87.8 '90. 87.1 90.3 97.9 97.2 98.8 87.6 79.4 96. 85.5 79.5 92.2 85.0 78.8 91.9 86.5 80. 93.0 84. 76.0 93.7 89.7 81.5 99.0 93.8 87.8 100.5 101.6 99.6 ••102.9 101.6 100.9 102.4 103. 104. 102.8 98. 98. '97.7 '96.6 99.0 38.9 78.6 34.2 77.8 53.6 61.3 33.1 43.4 17.6 52.6 60.8 35.9 57.0 20. 36.1 66.5 53.8 62.5 41.7 25.2 64.5 48.5 61.9 40.1 80.2 55. 60.8 42. 52.2 97. 84. 65. 45.i 42.i 96. 63. 59. 42. 52. '87.' '63. 58. '29. 32.9 88.0 63.8 58.7 30.9 99.9 68.9 95.7 101.2 70.0 95. 102.2 93.8 98.3 68.4 94. 79.6 74.8 33.8 74.6 53.0 62.0 42.9 102.2 69.8 96.3 102.1 71. 97. 102. 69. 96. 102. ••69. 97. '101. '69. '97. 102.5 71.9 95.5 79.9 74.9 81. 76.8 80. 78.0 83. 80. 79. 91. 79. '77. 79.1 76.8 • 59.5 *76.0 P72.5 *79.0 P90.5 *74.0 P70.0 DOMESTIC TRADE Pages 26, 27 Postal business: Money orders: Domestic, issued (50 cities): 4,664 Number thousands.. Value thous. of doL. 42,937 Domestic, paid (60 cities): 14,373 Number thousandsValue _ thous. ofdol. 106,197 Retail trade: Chain-store sales: Grocery chain-store sales: Unadjusted—, thous. of dol. Adjusted do._. EMPLOYMENT CONDITIONS AND WAGES Pages 31, 32, 33, 35, 37, 40, 41, 43, 44 Employment: Factory, unadjusted (U. S. Department of Labor)! 1923-25=100.. Durable goods .-.do Nondurable goods -_ do Factory, adjusted (Federal Reserve) t--do_— Durable goods do.-.. Nondurable goods --do... Nonmanufacturing, unadjusted (U. St De partment of Labor): Mining: Anthracite -1929=100. Bituminous _ _ _ do.... Metalliferous _ do... Petroleum, crude, producing do... Quarrying and nonmetallic do... Public utilities: Electric light and powert...do... Street railways and bussest-.. do... Telephone and telegrapht—_-rr--~-do--Trade: Retail, totalf do Wholesale... do. Pay rolls: Factory, unadjusted (U. S. Department of Labor)t 1923-25=100.. Durable goods do... Nondurable goods do.... Nonraanufacturinjr, unadjusted (U. S. Department of Labor): Mining: Anthracite. _ 1929=100. Bituminous coal _ do Metalliferous— _ ...do Petroleum, crude, producing do... Quarrying and nonmetallic do. Public utilities: Electric light and power f do... Street railways and busses t-do... Telephone and telegrapht do___ Trade: Retail, totalt -do___ Wholesale. do... 83.7 5,695 81.4 3.598 1,235 862 S06 520 175 87 84.1 5,918 82.8 3,665 1,281 874 815 530 165 85 84.1 5,727 87.0 5,936 58.6 102.5 98. 81. 77.9 61.2 101. 79. 75.8 78. 76. tRevised series. For revised income payments beginning 1929, see table 41, pp. 15-16 of the October 1939 SURVEY. Cash income from farm marketings revised, data not shown in the March 1940 SURVEY will appear in a subsequent issue. For revised data for factory employment, unadjusted and adjusted, and pay rolls, unadjusted, see footnote marked " t " on p. 25 of the March 1940 SURVEY. The indicated nonmanufacturing employment and pay-roll series have been revised beginning 1929 except for.the telephoneland telegraph series for which revisions began in 1932; see table 19 p t 17 of the April 1940 SURVEY. Data, for employment for street railways and busses revised beginning 1932 since publication in table 19 p. 17 of the April 1940 issue. Revisions not printed above will appear in a subsequent SURVEY. MONTHLY BUSINESS STA, 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 FOREIGN TEADE Pages 79, 80, 82, 83 Indexes: Exports: Total value, unadjusted 1923-25=100. Total value, adjusted do... U. S. merchandise, unadjusted: Quantity do... Value ^..doUnit value .. do... Imports: Total value, unadjusted do... Total value, adjusted. do~* Value: Exports, including reexports_.-thous. ofdoL General imports, total .do... Imports for consumption, total do... 1940 March 132 93 70 1939 March April June 71 70 70 62 70 113 71 63 107 66 62 101 63 62 63 61 249,259 202,502 194,193 67 352,272 216,732 206,719 May 268,364 190,437 191,226 230,947 186,195 185,800 July 1940 August ber October November January February 97 95 91 100 140 138 96 70 130 91 70 73 76 77 75 74 62 332,079 215,281 207,140 292,582 235,402 214,454 367,819 246,903 232,738 368,584 241,897 234,634 346,779 199,775 189,824 98,692 51,226 110,988 108,960 80,265 48,999 84,181 82,492 30,677 72,380 44,213 81,252 77,166 34,763 69,407 36,086 79,565 77,534 36,794 55,026 24,532 66,039 66,580 36,253 771,714 1,147,918 966,519 767,591 450,032 1,203,820 1,612,384 1,636,293 1,468,963 1,137,543 82.9 C4.0 92.3 92.4 73.8 1,207,335 1,576,690 1,653,078 1,457,472 1,158,345 61,251 66,586 41,708 49,781 30,892 335,183 802,960 45.1 808,635 36,033 77 67 72 76 72 99 61 62 1C8 67 62 117 76 65 131 87 116 77 67 55 58 52 57 54 57 56 67 65 236.058 178,953 178,405 229,628 168,925 170,451 250,839 175,756 180,379 288,573 181,461 199,483 133,384 61,494 METALS AND MANUFACTURES Pages 132,134,135 Pig iron and iron manufactures: Boilers, range, galvanized: Orders: 53,914 59,277 68,191 69,772 57,928 New number of boilers. 66,082 55,339 19,671 16,245 20,638 19,442 Unfilled, end of month, total d o . . . 39,161 10,145 16,694 47,894 62,996 67,610 53,454 60,421 Production do... 69,(556 59,310 Shipments d o . . . 60,710 60,387 60,475 66,995 63,670 50,488 69,059 28,878 31,472 32,057 31,442 Stocks, end of month do..., 34,862 29,475 Steel, manufactured products: Barrels and drums, steel, heavy type: Orders, unfilled, end of month number.. 243,081 351,203 277,719 257,961 208,000 235,772 247,729 Production do 851,912 737,155 837,079 846,322 861,102 750,276 851,087 45.0 Percent of capacity _ __, 40.0 51.9 52.8 47.9 52.2 61.1 Shipments number.. 853,564 742,491 437,320 845, 517 850,513 756,890 849,697 Stocks, end of month do.... 34,381 28,672 28,431 29,050 39,639 33,025 34,407 Boilers, steel, new orders: 772 1,032 765 761 Area.. ___ thous. of sq. ft.. 877 617 834 1,098 Quantity number.. 526 1,033 1,175 Furniture, steel: Office furniture: Orders: 1,932 New thons. of dol_. 1,774 1,769 1,590 2,097 1,855 1,179 989 932 958 Unfilled, end of month do.._. 1,361 1,285 1,712 1,684 2,424 1,932 Shipments do 1,596 1,745 Shelving: Orders: 475 New do 425 385 483 411 501 407 Unfilled, end of month do.... 293 255 249 368 323 263 291 Shipments do 378 458 433 552 440 ber 88,584 26,960 1,752 1,380 1,089 997 659 554 477 2,097 1,334 2,048 2,181 1,365 2,150 2,120 1,299 2,187 421 266 418 526 335 456 668 511 493 '534 '558 '411 2,095 1,247 2,160 2,367 1,350 2,264 2,200 1,286 2,264 540 494 534 504 443 556 481 444 479 6,205 9,488 '28.6 '42.9 3,889 6,785 23,449 ••25,760 '5,617 5,165 '5,040 '24.8 4905 r 25,896 '6,304 STONE, CLAY, AND GLASS PRODUCTS Pages 150,152 ; Portland cement: Production __thous. of bbl_. Percent of capacity Shipments ..thous. of bbl_. Stocks, finished, end of m o n t h . . . . do._. Stocks, clinker, end of month. do Glass products: Glass containers:t Production thous. of gross.. Percent of capacity _ Shipments thous. of gross.; Stocks, end of month... do Plate glass, polished, production thous. of sq. ft.. 7,917 36.3 7,715 26,098 6,512 8,171 '37.3 8,467 23,786 6,447 9,674 45.7 9,654 23,837 6,568 11,185 50.9 12,748 22,251 5,728 11,953 56.5 12,715 21,477 5,797 12,644 57.9 11,757 22,361 5,928 12,369 56.6 13,401 21,326 5,727 11,937 56.3 13,104 20,160 5,254 12,539 57.3 12,829 19,870 4854 11,053 52.2 10,147 20,779 4824 4,606 69.1 4,231 10,078 4,125 '61.3 3,931 8,316 4,071 65.4 3,978 8,336 4,516 69.7 • 4,485 8,293 4,662 72.0 4,618 8,209 4,593 73.8 4,158 8,572 4802 71.4 4 766 8,548 4250 68.3 4979 7.739 4891 75.5 4471 8,061 4,300 69.1 3,884 8,374 4,046 65.0 3,114 9,237 4263 61.6 3,726 9,601 4123 64.3 3,831 9,807 14,302 11,790 7,268 8,036 9,289 6,212 10,450 13,663 18,369 .15,812 18,477 17,257 13,175 96,149 41,534 27,980 13,554 54,615 22,250 32,365 94,506 39,019 29,458 9,561 55,487 33,452 22,035 TEXTILE PRODUCTS Pages 157, 158 Wool: Stocks, scoured basis, end of quarter, total : thous. of lb-_ Woolen wools, total __..do Domestic. ._»do Foreign do Worsted wools, total _ do Domestic do Foreign _.do.._. 123,096 39,602 31,357 8,245 83,494 63,128 20,366 118,514 40,997 32,201 8,796 77,517 57,260 20,257 109,533 ' 44,286 -•31,102 ' 13.184 65,247 29,776 35,471 'Revised. t Revised series. Data for glass containers revised beginning 1936; revisions not shown on p. 53 of the January 1940 SURVEY or on p. 92 of the February 1940 SURVEY will appear in the 1940 Supplement. The changes are generally minor. NOTE.—The data in the above tables present, in advance of the monthly Survey of Current Business, such items as were received during the week ended Saturday* April 27,1940. These figures, like similar information in the table entitled "Monthly business statistics*' in each monthly issue, should always be read in connection with the detailed tables covering the respective iteins in the 1938 Supplement to the Survey of Current Business, which contains a description of each series and a reference to the source of the data. Series marked with an asterisk (*) are exceptions, representing additions since the 1938 Supplement was issued, and similar data, if published, will be found in the monthly numbers indicated by the footnotes. Changes in the series are also indicated in the footnotes. The Surrey of Current Business, including 12 monthly Surveys of 56 pages each, and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. C , for $2 per year. The*1938 Supplement may be obtained from the same source upon receipt of $0.40.
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