january 1940 surve - fraser · 2018. 11. 6. · january 1940 survey of cueeent business business...

JANUARY 1940

SURVE

cOF

s

UNITED STAT!

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

V O L U M E 2 0 % U M B £ R 1

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Volume 20 Number 1

UNITED STATES DEPARTMENT OF COMMERCEHARRY L. HOPKINS, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCEJAMES W. YOUNG, Director

SURVEY OFCURRENT BUSINESS

JANUARY 1940

A publication of the

DIVISION OF BUSINESS REVIEWM. JOSEPH MEEHAN, Chief

MILTON GILBERT, Editor

TABLE OF CONTENTSSUMMARIES

Business s i tuat ion summarizedSPECIAL ARTICLES

Recent t r ends in United States export t radePresent posit ion of the lumber industry

Page

3

612

CHARTSFigure 1.—Monthly business indicators, 1929-39Figure 2.—Industrial product ion, income and dis t r ibut ion, and

prices—percentage change November 1939 from November 1938. . .Figure 3.—Value of United States exports of merchandise , and

impor t s for consumpt ion , calendar years, 1937-39Figure 4.—Value of United States exports of merchandise by econ-

omic classes, calendar years, 1914, 1915, 1938, and 1939Figure 5.—Value of to ta l exports (including reexports) by geographic

areas, calendar years, 1914, 1915, 1938, and 1939Figure 6.—National income, to ta l exports and ne t exports, calendar

years, 1913-19Figure 7.—Value of to ta l exports (including reexports) and general

impor ts , calendar years, 1910-39Figure 8.—Value of United States exports of merchandise and i m -

por ts for consumpt ion , by economic classes and total exports(including reexports) and general impor ts by geographic areas1910-14, 1918, and 1935-39 10

CHARTS—Continued PageFigure 9.—Total lumber product ion, sh ipments and orders, by

weeks, 1939 12Figure 10.—Softwood product ion, sh ipments and stocks, by quar -

ters , 1925-39 13Figure 11.—Total exports of hardwood and softwood lumber , 1910-39. 15Figure 12.—Floor space of residential construct ion contracts award-

ed and consumpt ion of lumber , by quar ters , 1928-39 16

STATISTICAL DATANew or revised series:

Table 1.—Average weekly hours per worker in factories andfactory average hourly and weekly earnings (U. S. Depart-m e n t of Labor) 1932-39 17

Table 2.—Average weekly hours per worker in factories andfactory average hourly and weekly earnings (National In -dustr ia l Conference Board) 1934-39 18

Table 3.—Department store sales—San Francisco FederalReserve District, unadjusted and adjusted, 1919-39 18

Table 4.—Department store sales—Cleveland Federal ReserveDistrict, adjusted, 1929-39 18

Table 5.—Department store sales—Minneapolis Federal Re-serve District, adjusted, 1934-39 " 18

Monthly business stat ist ics 19General index , Inside back cover

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SURVEY OF CURRENT BUSINESS JANUARY 1940

Monthly Business Indicators, 1929-39INDUSTRIAL PRODUCTION INCOME PAYMENTS AND CASH FARM INCOME

140

130

120

110

100

90

80

70

60

vo

1\

I

LUME

\

\

\

(i923~

A\

25=100}

1111

V ^VVV-

A JVI

1\ /

d1

JV

MONTHLY INCOME PAYMENTS ( 1 9 2 3 = 1 0 0 )CASH FARM INCOME ( l924~1929»100)

'ONTHLY INCOME PAYMENTS

\CASH INCOME FROM FARM MARKETINGS

{EXCLUSIVE OF RENTAL & BENEFIT PAYMENTS)

120

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

CONSTRUCTION CONTRACTS AWARDED'

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

FOREIGN TRADE *VALUE (1923^25=100) I 1

^ \\*-EXPORTS, INCLUDING REEXPOF

: \ \ : \ GENERAL IMPOliTs-^r

- V

80

70

60

50

40

140

120

100

80

60

40

20

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

FACTORY EMPLOYMENT AND PAYROLLS

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

WHOLESALE PRICES AND COST OF LIVING

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

RETAIL SALES *

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

STOCK PRICES175 AUTOMOBILE SALES (l929~31»100)

DEPARTMENT STORE SALES (1923-25=100)

-350 INDUSTRIAL COMPANIES i j(.—

/-DEPARTMENT STORE SALES \\ \

(1923-25=100) |

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

350

300

250

200

150

ADJUSTED FOR SEASONAL VARIATION

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

* THREE-MONTH MOVING AVERAGE £>.£> ?

Figure 1.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

JANUARY 1940 SURVEY OF CUEEENT BUSINESS

Business Situation SummarizedBUSINESS did not undergo marked change in De-

cember from the position prevailing at the end ofNovember, after allowance for the divergence in theusual seasonal movements between retail trade and in-dustrial production. The very substantial rise in con-sumer purchasing power in recent months of expandedactivity had assured the increase in retail sales over ayear ago that was realized. The irregularity in storesales which developed over the November month-endwas not significant, as higher pay rolls, larger farm in-come, and a year-end flow of dividends much in excessof that in 1938 brought trade through retail channels toa strong close for the year.

On the whole, industrial production was maintainedat a high rate during the month. There were seasonaldeclines in some industries but in total the let-up wasprobably less than usual for December. Steel ingotproduction, which in the spectacular autumn risereached the practical limits of capacity by the end ofNovember, tended to decline as the volume of neworders fell to a figure more in line with current utiliza-tion. Pressure for delivery of steel has decreased fol-lowing the announcement that prices for the first quarterof 1940 would be about the same as those listed for thepast several months. By the third week of Decemberthe rate of ingot production was off to 90 percent ofcapacity, against 94 percent at the end of November.This recession is not indicative of a general decline sincethe rate of steel production was above the operatingrate for the steel-consuming industries generally. Themore highly fabricated lines of steel manufacture are notsubject to such quick adjustments as those which char-acterize ingot production, and no signs of slackeningactivity have appeared among them as yet. In someof the metal industries incoming business remainedcomparatively high during November; e. g., orders re-ceived by metal trade concerns in Massachusetts wereas large as in September, though well below the Octobervolume. New orders in the other major industriesreported for this State were much smaller in Novemberthan in September.

Activity has been sustained in machine tool, aircraft,shipbuilding, and electrical equipment manufacturing.Automobile assemblies were stepped up in December asChrysler plants again came into production. Totalassemblies rose to about 440,000 units, the highest totalsince the middle of 1937. This represented a largervolume than retail sales plus exports, as stocking ofdealers continued. Domestic retail sales of passengercars in November amounted to 257,000 compared with241,000 in November 1938.

Output of Consumers' Goods Maintained.

In the industries manufacturing consumers' goods,operations continued high in December. Some down-ward adjustments occurred, but these were neitherlarge nor widespread. November figures show theextent to which the operations of these industries werepushed by the September-October buying. Output ofcotton textile mills, already high in October, increasedfurther in November. While some increase in the pur-chasing of textiles occurred in the middle of December,following the rise in raw cotton prices, the mills havebeen operating at a rate above the volume of incomingbusiness for some time. Woolen mills in Novemberalso operated at a very high rate.

The extent of the rise over a year ago in a number ofimportant areas of the economy is indicated by thecomparisons presented in figure 2. The rise in durablegoods manufactures—still relatively depressed towardthe end of 1938—is outstanding, as is the increase ofabout one-fifth in the volume of freight moved. Thegeneral advance in production and distribution broughtthe rise in the national income payment total to 6 per-cent. The price data given show that price changeswere not an important factor in the magnitude of thechange in dollar figures, though actual and anticipatedprice movements did have an important influence onthe volume of purchasing and sales during the finalthird of the year.

Estimates of the dollar sales of service and limitedfunction wholesalers prepared by the Bureau of Foreignand Domestic Commerce show a sharply increasedrelative gain over 1938 in the final quarter of the year.Moderate advance in the first half gave way to a widerincrease for the third quarter, but in the final 3 monthssales ran well over 10 percent in excess of the finalquarter of 1938 which was, it will be recalled, a periodof improving trade. For the year 1939, the percentageincrease in sales was 9 percent, the total rising from19,023 million dollars in 1938 to 20,700 million dollarsin 1939. The more important increases were in suchlines as electrical goods, metals and metal work, lumberand construction material, jewelry and optical goods,machinery, automobiles, and furniture. Sales of foodand farm products, which make up an important partof the total, showed only moderate increases as priceswere generally lower throughout the year. Pricechanges were not a factor in the larger annual sales totalfor this group of merchants, since they averaged lowerin 1939 than in 1938. It was not until the last quarterof the year that average wholesale prices moved higherthan a year ago.


SURVEY OF CURRENT BUSINESS JANUARY 1940

Income Payments Higher.

Reference to the chart on page 3 will reveal theunusual rise in income payments that has occurredduring the few months subsequent to the outbreak ofwar in Europe. The reaction in domestic markets tothis event—superimposed as it was on a rising trend ofdomestic economic activity—brought a rise in the indexof income payments to 88.8 in November (1929 = 100)from the August figure of 85.4. The advance in thisindex of more than 1 point a month for the past 3months means an increase in income payments on anannual basis from 69.7 billion dollars at the Augustrate to 72.5 billion dollars at the November rate.Some further increase in income payments probablyresulted from December business; for the year 1939 a

Farmers' incomes rose sharply after the prices ofagricultural products advanced in September. Theimprovement of the past 4 months has raised the esti-mated total of cash farm income for the year 1939 to$7,625,000,000, virtually the same as in the precedingyear. With Government payments of $675,000,000estimated to be almost $200,000,000 larger than in 1938,the total income of farmers of $8,300,000,000 frommarketings and Government payments is expected tobe about 2.5 percent higher than in 1938.

A marked rise in dividends, particularly in the finalmonth of the year, has been an important factor inincreasing the flow of income to individuals. It isestimated on the basis of data now available that divi-dends in 1939 were at least half a billion dollars larger

PRODUCTIONc

OTAL MANUFACTURING'RODUCTION*

DURABLE PRODUCTS

PERCENT) 20 4 0 60

3MEam

STEEL INGOTS H B H H B H B H H B i

PLATE GLASS

LUMBER

NONDURABLE PRODUCTS

PAPER.8OARD PRODUCTION

COTTON CONSUMPTION

SHOE PRODUCTION

BOH

•mm*wmam

•

•i

* Federal Reserve Indexes

INCOME AND DISTRIBUTION0 10 20 30

TOTAL INCOME PAYMENTS

SALARIES & WAGES

CASH FARM INCOME.*

FREIGHT CAR LOADINGS

WHOLESALE SALES

TOTAL RETAIL SALES

GENERAL MERCHANDISE

CONSUMERS DURABLE GOODS

* Excludes Government Pay/nenh

PERCENT0 t 5 +10

PRICES-5

COST OF LIVING

RETAIL FOOD PRICES

WHOLESALE COMMODITYPRICES

ALL COMMODITIES

FARM PRODUCTS

FOODS

INDUSTRIAL COMMODITIES*

FINISHED PRODUCTS

RAW a SEMI-FINISHED

* federal Reserve Classification; excludes all foods 3. feedsD.D. 39-343

1

W////A

'V///////////Ai

Figure 2.—Industrial Production, Income and Distribution, and Prices—Percentage Change November 1939 from November 1938.

NOTE.—All series shown on this chart are those regularly published in the Survey except wholesale and retail sales which are estimates of the U. S. Department of Com-merce and prices of industrial commodities which are compiled by the Board of Governors of the Federal Reserve System from data of the U. S. Bureau of Labor Statistics.

total of almost 70 billion dollars is indicated, as com-pared with 66.3 billion dollars in 1938 and 72.4 billiondollars in 1937.

Income payments in November were 310 milliondollars larger than a year ago, an increase of nearly6 percent. In general, the industrial sections of theNation have shown the greater improvement over thesame month of last year. Although salaries and wagesas a whole during November were only 6 percent abovethose of November 1938, aggregate pay rolls in thecommodity-producing industries were 208 million dol-lars or nearly 15 percent larger than a year ago. Whilerepresenting less than one-quarter of all income pay-ments, pay rolls in these important industries accountfor two-thirds of the increase in total income overNovember 1938. Factory employment in Novemberwas 11 percent higher than in 1938, and pay rolls wereone-fifth larger. In contrast, the governmental con-tribution to employee's income was nearly 10 percentless than November of last year, reflecting the lowerlevel of work-relief wages during 1939.

than the 1938 figure of 3.7 billion dollars, representingan increase of 14 percent. The marked increase individends relative to the increases in other types ofincomes reflects partly the more variable character ofthis type of income and partly the concentration of thepresent recovery in those industrial branches (notablymanufacturing) where share capital represents animportant factor of production. Enlarged dividendsreflect the substantial expansion in business profitsthat has occurred in the fourth quarter of 1939? Dataare not available at this time to compute the actualincrease in current profits, but recent months haveundoubtedly produced a volume of earnings which arenot far removed from the results of early 1937.

Financial MarketsAs in November, domestic and international financial

markets were relatively quiet, aside from the drop inquotations of Finnish bonds which followed the attackof the U. S. S. R. on Finland. Prices of stocks andcorporate bonds on the whole did not show significantor material changes. Corporate security flotations on


JANUARY 1940 SURVEY OF CURRENT BUSINESS

the open market achieved substantial volume after 3months of stagnation. The issues were predominantlyutility refunding operations; the amount of new capitalraised was small. That business concerns have re-quired some additional funds is evidenced by the trendof commercial loans; the amount outstanding withreporting member banks has increased $400,000,000since August to $4,400,000,000 in December.

As the 3rear ends the prospects for business in thefirst half of 1940 remain uncertain, though the level ofactivity is currently well above that of the first quarterof 1939. Production in the basic industries during thefinal quarter of 1939 has matched that of the bestquarter of 1929. But with industrial activity notbeing supported at present by a volume of incomingbusiness of corresponding magnitude, some readjust-ment in productive activit}^ can hardly be avoided asthe backlogs of orders are reduced. Buying policiesduring the fall rush were predicated largely upon cover-ing requirements for some months ahead rather thanupon immediate needs. As these commitments broughtcompany positions into line with their raised expecta-tions regarding sales trends and inventory needs, pur-chasing settled down to a replacement basis. Themere cessation of inventory accumulation can onlyresult in some decline in industrial activity unless a

prompt expansion in consumption, investment, orexport demand, not now in evidence, should come in asan offsetting influence.

What is uncertain at this time is the magnitude andduration of the reaction to come in the next few months.The fact that inventory holdings have been and are stillbeing enlarged through previous commitments is anunfavorable factor in the present situation. The atti-tude taken toward these holdings may largely deter-mine the extent of the readjustment. There are sev-eral factors on the favorable side which militate againstliquidation. The advance in prices, particularly retailprices, has not been as large as seemed likely twomonths ago. Hence, an expanded volume of goodsshould continue to be taken off the market by consum-ers. The prospects for farm income have been strength-ened by the December rise in the prices of a few agri-cultural staples, principally wheat and cotton. Activ-ity in the construction industry has been well main-tained during recent months, and a continuance of theexpansion of 1939 into the spring of next year wouldprovide added stimulus to the economic structure.Furthermore, there has been a sizable increase in com-mitments for capital expenditures by business in thepast 4 months and the activity created by it will befelt during the first quarter of 1940.

MONTHLY BUSINESS INDEXES

Year and month

Monthly Incomepayments, ad-

justed *

tcC8

1is

Monthly average,1929-100

Factory em-ployment

andpay rolls

I3

VMonthly av-erage, 1923-

25=100

Cash farmincome 2

Monthly av-erage, 1924-

29=100

Industrialproduction,adjusted'

Freight-carloadings,adjusted ]

Retail sales,value, ad-justed i

Monthly average, 1923-25= 100

s

IIis

I1929-

31=100

Foreigntrade,value,

adjusted1

1&

1?c?3

ctio

es,v

2£c6

is

Monthly average,1923-25=100

Monthlyaverage,1926=100

1929: November1932: November1933: November1936: November1937: November1938:

NovemberDecember

1939:JanuaryFebruaryMarch _.AprilMay .June _.JulyAugust _.SeptemberOctoberNovember

Monthly average, Januarythrough November:

1929193219331936193719381939

100.056.860.585.886.7

83.183.4

83.383.084.183.083.484.183.785.486.888.188.8

100.061.156.982.589.181.584.9

100.655.459.483.884.8

82.483.0

82.382.082.181.081.482.882.884.084.486.787.5

100.059.755.079.286.879.183.4

100.859.361.585.987.5

84.284.7

84.484.484.883.884.385.485.586.787.088.889.6

100.063.958.282.889.082.385.9

104.466.281.2

104. 4103.7

92.894.4

94.694.394.093.893.394.395.396.097.3

101.2103.4

106.566.472.898.3

109.689.396.2

104.943.657.394.493.3

84.487.1

83.786.087.685.585.086.584.489.793.8

101. 6101.8

111.347.149.584.6

104.177.189.6

109.044.560.588.584.5

78.072.5

68.551.057.555.060.059.063.071.092.596.078.5

102.942.948.873.680.069.568.4

93.039.551.577.573.5

69.568.0

67.560.064.064.565.060.062.571.079.072.574.0

110657211488

103104

1019998929298101103111121

121657710411285104

110637011485

103104

1009796929197100104111121124

122637610411282103

1107582112109

102109

110110110959810410691114121124

116728210411698108

10256608271

6969

6967666062676970778082

108555874796270

10468666764

6161

6262626161616262636263

105726765686162

10864679491

89

87

1036662818779

132.528.553.0

151.089.0

100.092.5

91.096.088.079.579.079.080.576.583.593.7

102.6

151. 236.945.6

102.1111.363.88.7

10132425272

5867

5563706470706972727267

115363653736867

10532406169

5554

5549535361585757596573

115353761815058

10327485856

9696

8673696763636773737672

120282455606371

144.455.460.593.792.1

86.4106.9

90.577.192.385.390.094.789.688.793.996. 594.5

140.665.2

3 61. 390.598.884.690.3

93.563.971.182.483.3

77.577.0

76.976.976.776.276.275.675.475.079.179.479.3

95.565.265.580.586.778.777.0

i Adjusted for seasonal variations; monthly averages, except income payments, are based on unadjusted indexes.3 Average of 10 months, January, February, and April through November.

* From farm marketings.


SURVEY OF CURRENT BUSINESS 1940

Recent Trends in United States Export TradeTHE foreign trade returns for recent months reveal

a number of abrupt changes in both the compositionand destination of United States exports, but they donot show any significant increase in the export totalswhich can clearly be attributed to the war in Europe.This is probably due to the character of the war todate; if and when the war enters a more destructivephase a larger volume of exports from this countrymay still reasonably be expected. It is, nevertheless,a fact that the expectations of greatly enlarged foreignsales, which formed the basis for the unusually rapidacceleration in domestic business since August, havenot been realized. On the other hand, dislocationsarising out of shipping and other difficulties have notrestricted trade as they did immediately upon the out-break of war in 1914.Exports Rising Since June.

In the 3-month period from September to Novemberexports were 17 percent higher than in the same periodof 1938. (See table 1.) This fact might at first ap-pear to be attributable to the war. In making thecomparison with 1938, however, it must be recalledthat that year was one of falling foreign demand for

our goods, as is evident in figure 3. Our exports thisyear were already showing a rising tendency before theoutbreak of the war, and have been higher than last yearin every month since June. The direct requirementsof intensified foreign rearmament programs and theexpansion of industrial activity abroad resulting fromthem both contributed toward an increase of foreigndemand for American goods. If the comparison ismade with 1937, exports from September to Novemberof the current year have fallen slightly. From thesefacts it might be assumed that the war had littleeffect upon our export trade and that the increaseover 1938 reflects merely the continuation of an up-ward movement which was already under way. Analy-sis of the detailed figures demonstrates, however, thatthe war has affected both the commodity and thegeographic distribution of shipments from this country.

Comparative data for the September-Novemberperiods of 1938 and 1939 show that the 17 percent ad-vance in exports was entirely the consequence of in-creased exports to the European neutrals and to coun-tries outside Europe, as is shown in table 1. Purchasesof United States merchandise by the Scandinavian

EXPORTSMILLIONS OF DOLLARS3bO

300

250

200

150

100

VAVK

yf \y

'2^,939

f i l l

A

/ / \

V'VA .,

1 1 ( I \ 1 1

IMPORTSMILLIONS OF DOLLARS

350

300

I I I I i l I I 1

250

200

50

100J F M A M J J A S O N D J F M A M J J A S O N I D

D.D.39-326

Figure 3.-—Value of United States Exports of Merchandise, and Imports for Consumption, Calendar Years 1937-39 (U. S. Department of Commerce,Bureau of Foreign and Domestic Commerce).



countries rose by no less than 70 percent over 1938;those by Canada and other northern North Americancountries increased approximately 42 percent and forLatin-American countries the gain was 40 percent.Direct shipments to Germany, relatively small in recentyears, fell almost to zero. An increase to the UnitedKingdom and France, however, has not materialized.Exports to the United Kingdom declined somewhat andthose to France increased slightly, as compared with1938; both were far below the same months of 1937.

MILLIONS OF DOLLARS200

150

FINISHED MANUFACTURES,

MILLIONS OF DOLLARS

2 0 0

150

100

1914 1915 1938 1939

Figure 4.—Value of United States Exports of Merchandise, by EconomicGlasses, Calendar Years 1914, 1915, 1938, and 1939 (U. S. Department ofCommerce, Bureau of Foreign and Domestic Commerce).

Our exports to these two countries together were infact lower than in the corresponding period of any yearsince 1934. The sharp divergence between actual de-velopments and the widely held anticipations of in-creased sales to the European Allies is brought out evenmore clearly by the movement of exports within the3-month period. Shipments to the United Kingdomfell from 60 million dollars in Spetember to 31 milliondollars in November; a substantial decline occurred inall but one minor group of commodities.

Of the gain in total exports over 1938, approximatelyone-third was accounted for by higher cotton ship-ments. (See table 1.) Cotton exports in 1938, how-ever, were unusually low; exports in 1939, despite theoperation of the cotton-export program were still belowthose of 1937. Large wartime demand for pork prod-ucts and dried fruits failed to materialize, while thedemand for fresh fruits and tobacco was curtailed evenmore rapidly than at first seemed likely. Tobaccoexports fell from 65 million dollars in September-November, 1938, to 17 million dollars in the sameperiod of 1939, as a result of the sharp decline in Britishpurchases. In the first 2 months of hostilities, thequantity of farm products, other than cotton, exportedto France, Germany, Poland, and the United Kingdom,was 61 percent less than in September and October oflast year. Foreign purchases of nonagricultural com-modities on the other hand, showed significant increasesover 1938, but this was the case in every month since

April. The expansion since the outbreak of war oc-curred in foreign purchases of metals and metal manu-factures, chiefly iron and steel-mill products, non-metallic minerals, mainly coal and petroleum products,machinery, and chemicals. Our exports of aircraft,parts, and accessories also increased in spite of a declinein October. Foreign purchases of United States auto-mobiles, including parts for assembly abroad, on theother hand, fell nearly 10 percent from 1938 and werenearly 35 percent below exports in the same periodof 1937.

These developments are in many ways different fromthose of the first few months of the World War, par-

MILLIONS OF DOLLARS3 0 0

250

200

150

100

MILLIONS OF DOLLARS3 0 0

250

200

150

100

50

1914 1915 1938 1939

Figure 5.—Value of Total Exports (Including Reexports) By GeographicAreas, Calendar Years 1914, 1915, 1938, and 1939 (U. S. Department ofCommerce, Bureau of Foreign and Domestic Commerce).

ticularlv with respect to exports of agricultural com-modities. In 1914 it was the cotton trade which wasmost severely affected by the first dislocations resultingfrom the outbreak of hostilities. Shipments of grainand foodstuffs, as given in figure 4, showed an early rise,although this was in great part a result of the fact thatCanadian and Australian wheat production was smallwhile the United States enjoyed a record crop. Foreignpurchases of finished and semimanufactured articlesincreased sharply in September and October of 1914 asthey did in 1939. In 1914, however, they had beendeclining prior to the outbreak of war and in theSeptember-November period of 1914 they were stilllower than in 1913. Thus the World War reversed adownward movement whereas the present war beganat a time when exports of semimanufactures andfinished manufactures were already higher than in thepreceding year. As may be seen in figure 5 the twoperiods differ also in the fact that exports to non-European areas did not expand immediately in 1914 asthey have in 1939.


8 SURVEY OF CURRENT BUSINESS JANUARY 1940

Table 1.—Exports of United States Merchandise, by Economic Classes, by Principal Commodities, and by Regions, September, October, and November,1938 and 1939

[In thousands of dollars]

I September OctoberItem

CLASS AND COMMODITY

Total, U. S. Exports..

Agricultural productsNonagricultural products -Crude materialsFoodstuffs, crudeFoodstuffs, manufactured..Manufactures, semiManufactures, finished

November

1938 1939 1938

Animals and products, edibleMeats and lard

Animals and products, inedibleLeatherLeather manufactures

Vegetable food products and beveragesCornWheat and wheat flourCanned vegetablesFruits, dried and canned _..Fruits, fresh

Vegetable products, inedibleAutomobile casingsLeaf tobacco (bright flue-cured)

Textile fibers and manufacturesRaw cotton

Wood and paperSawmill productsNonmetallic minerals

Coal .Petroleum and products

Crude petroleumMetals and manufactures

Iron and steel-mill products, totalIron and steel scrap

Ferro alloysAluminum, except manufacturesCopper, refined

Machinery and vehiclesMachinery, total

Electrical machinery and apparatusPower-generating machineryConstruction and conveying machinery..Metal-working machineryTractors and parts

Automobiles, parts and accessoriesMotortrucks and busses _._.Passenger carsParts for assembly

AircraftChemicals and related products

Industrial chemicals and specialties

EEGTON AND COUNTRY

Europe, totalEuropean belligerents:

FranceGermany iUnited Kingdom

Other Europe:BelgiumNetherlandsDenmarkFinlandNorwaySwedenUnion of Soviet Socialist Republics.

ItalyRumania.Spain

Northern North America, totalCanada

Latin America, totalSouthern North America, total

CubaMexicoNetherland West Indies

South America, totalArgentinaBrazilChileColombiaVenezuela

Asia, totalChina, including Hong Kong and Kwantung..JapunPhilippine Islands

Oceania, totalAustralia

Africa, totalUnion of South Africa

243, 595 284,041

75,194168,401

59, 60514,25417,13440, 224

112,377

6,0863,8492,759

933832

25, 2614,7884,038

2795,9144, 425

28, 491985

21, 90227, 94120, 2526,8423,189

40, 5375,153

30, 8378,166

28,85413,1051,9741,731

2207,343

57,17836,659 i

7,298914

1,8148,4064.574

14,1715,7801,8152,9494,642

11,4975,087

1939 1938

274, 059

74, 579209, 462

66. 8477,477

21, 30958,993

129, 415

6, 9554,290 !2,798 !1,204 '

80721, 742

1,1214,270

4176,7492,228

18. 3041,4788,433

45,14135,1539,0693,788

51, 3799,649

35, 9309,071

41, 24920, 445

4,9952,0723,2366, 833

61, 89840,1438,0631,1141,7689,9504,25812,4572,5022,7782,7178,05216, 6517,955

119, 530

12,112606

60,050

5, 5339,8612, 5151,2124,1728, 0521,785

4,818169

3,370

51,19150,18953, 85928,6839,1995, 5044,41925,1754, 9285. 9fiO2,0104.0775, 043

43, 1235. 939

19, 3057,929

6,090 I8,956 I5,271 I

I

86, 941187,118

72,12512, 50120, 77644, 448124, 209

3,9993,5061,105859

26, 3412, 3064,031

4377,7135,497

36, 5411,394

27, 60132, 71823, 7477, 5343,174

42, 7515,699

32, 2119,568

31, 72714, 6003,1562,356

836,934

62, 70138, 4329,1901,1861,9207,8403, 57617, 3034,0756,7132,1644,96713, 2575,884

323,160

126, 770

12, 20613, 33055, 634

7,0258,5392,2661,5482,2458,6903,042

5,306381865

40, 76539, 69945, 37622, 868

6,5024,1974,106

22, 5086.0175,3282.1223,1543,401

43, 1323,804

19,4497, 4567,7285,372

10, 2886, 595

95, 847227, 313

78,44910, 21327, 54764, 537

142,414

6,7643, 5064,9001,608

77830, 8863,2223,604

64310. 8382,899

18, 6211,6884,928

59,04646, 7X1

9,8873,382

52, 7719.335

36,0189,011

45,06322, 380

5, 6303, 6903,1765,509

65,90242, 316

9, 5561,1261,9659, 5854,356

18,9004,6615,8423, 8223,025

19, 7719,450

249, 844

1939

286, 891

3 months endedNovember

1938

124, 319

12, 39940

51,951

4,8368,7682.9781,6545,894

15, 7955,455

6,22286

2,617

59, 57365, 22932, 66310,2498,3783, 676

32, 5666, 9318,5142, 6414, 6745, 591

55, 8657,11723,30411. 8736, 7265, 426

10, 3636,066

73,609176, 235

59. 84712, 04517, 42939, 962120, 562

6,1994,0032,711905746

23, 2253,1304,474

3406,0254,05224, 735

86615, 66533,11824, 6186, 8542,69338,1265.456

29,0117,635

29, 32015, 4993,932916371

5,99965, 76134, 7017,9351,1211,3968,3463,183

25. 4174,59811,8304,7534,15610, 6404,415

109,174

13, 54012, 20942, 439

6,3586,6162,1061,3761,7376,4304,071

5,032380938

37,93637, 45944, 32621,1635, 6595,0003,00723,1636, 7845,1241,7233,9293,48441,5054, 88619,1248, 6537,0444,9669, 8605, 559

63, 872223,019

58, 3185, 386

17, 27063, 200142, 716

6,0043,7494,2371, 5201,275

16, 571787

3,078373

3,4452,26718, 0682,2643.874

41, 86930, 2888,9772,789

45, 4948,29431,2616,623

52, 21427, 8565,0932,2802,0308,42167,94038, 6379,7591,2451,4659,0513,04919, 8704, 6896,2414,4686,760

16, 7728,012

767,498

101,923

13,1882

30,979

5,47312,7122,0261,0143, 6759, 6997,027

5,9481,4692,814

49, 81948,99367,78529,0167,«178,4301,938

38, 7699,84210, 5713.6024, 6745, 85853, 2276, 47125, 2177,6045,1594 3308^795,701

235, 744531, 754

191, 57738, 80055, 339

124, 634357,148

19,15111, 8518,9762,9432, 43774, 82710, 22412, 5431,05619, 65213,97489, 7673,245

65, 16893, 77768, 61721, 2309,056

121,41416. 30892,05925, 36989, 90143,2049,0625,003674

20,276185, 640109, 79224,4233,2215,130

24, 59211,33356, 89114,45320, 3589,86613,76535, 39415,386

347, 655

36, 8634?,, 264147, 028

17, 78721,7405,7413,6515.64018,73712,643

14, 4371,2192,6S5

114,254112,134133, 14964. 84518, 33613, 42410, 86368, 30418. 72915, 2835, 75110. 40710, 935122,92412.92358, 36423,16021, 48515, 17628, 03216, 573

1939

894,092

234, 298659, 794

203,61423, 07666,126186, 730414, 545

19, 72311, 54511,9354, 3322,860

69, 1995, 13010, 9521, 43321,0327,^9454, 9935, 43017,235146, 056112, 17227, 9339, 959

149, 64427, 278103, 20924, 705138, 52670, 68115, 7188, 0128,442

20, 763195. 740121,09627, 3783,4855,198

28, 58611,66351, 22711,85214. 86111,00717, 83753,19425,417

345, 772

37, 699648

142,980

15,84731,3417,5193,88013, 74133, 54614, 267

16, 9881,7248,801

161,668158, 755186, 87390, 36227, 26522,31210, 03396,51021, 70125, 0458,25313,42516.492152.21519,52767. 82627,46619,26715, 84628, 29817,038

i For purposes of comparison, trade with Austria, Czechoslovakia, and Poland are included with that for Germany in all periods shown.


JANUARY 1940 SURVEY OF CURRENT BUSINESS 9

The time which was required before our exports feltthe full impact of the World War is likely to be for-

CURRENT DOLLARS IN BILLIONS

70

60

50

40

30

20

10

0

TOTAL

WN477i

£XPOR.

1

WAL/NC

y

/

— —

———

y

. . - • • "

•

£KCESS OF EXPORTSOV£H IMPORTS

1913 U 15 16 17 18 1919O. D. 39-327

Figure 6.—National Income, Total Exports, and Net Exports, CalendarYears 1913-19 (U. S. Department of Commerce, Bureau of Foreign andDomestic Commerce).

gotten. The War tends to be remembered as a singleepisode which resulted in a tripling of our exports be-tween 1914 and 1918. It will be recalled that underthe stimulus of expanding exports, industrial produc-tion, commodity prices, and the national income in-creased to high levels, (See figs. 6 and 7.) The mem-ory of this enormous expansion appears to have beenthe primary factor in the wave of buying and the sud-den expansion of business activity which began inSeptember. Although the decline in shipments to theUnited Kingdom and the failure of total exports toexpand more than they have are at variance with theexpectations which played a major part in the Septem-ber expansion, these developments appear to be quiteconsistent both with the changed position of the UnitedStates as a supplier of food and raw materials, and withthe economic policies of the Allies.

In recent years nearly two-thirds of exports from theUnited States have consisted of finished and semi-finished manufactures. (See table 2 and fig. 3.)Crude materials comprise about a fourth of all exports,with crude and manufactured foodstuffs making up theremainder. Before the World War, on the other hand,crude materials, principally cotton, constituted one-third of our exports while foodstuffs amounted to aboutone-fifth. Finished and semifinished manufacturescomprised less than one-half of our exports.

200349—40 2

These differences in the structure of our export tradeare closely related to changes in the geographic dis-tribution of exports. The decline in relative importanceof crude materials and of foodstuffs since the pre-WorldWar years has been accompanied by a decline in theproportion of our total exports taken by European

BILL ONS OF DOLLARS9

8

7

6

5

4

3

2

1

01910

TOTAL EX

1/

I9II-I9I5

1

ri iI

/

\ S // % > >

V^JOTAL 1

1916-1920 1921-1925

MPORTS *

1926-1930

\ -

1931-1935

A,

1936- 1940DO 39-329

Figure 7.—Value of Total Exports (Including Reexports) and GeneralImports, Calendar Years 1910-39 (U. S. Department of Commerce,Bureau of Foreign and Domestic Commerce).

NOTE.—Figures for 1939 include estimates for December.

countries, which were the principal markets for theseproducts. Shipments to Europe during the 5-yearperiod preceding the present conflict were approxi-mately two-fifths of shipments to all countries; in theperiod preceding the World War they were three-fifthsof the total. The relative importance of exports to allother world areas has increased, the rise in the pro-portion of exports going to Asia being particularlynotable.

Whatever gains or dislocations in foreign trade maybe anticipated as a result of the European War, itshould be emphasized that exports of crude products arenot now of the same importance that they were in1914 and that trade with Europe, partly for this reason,does not occupy the place that it then did. Behindthese facts lie long-run developments with a directbearing upon the probable course of export trade duringthe present conflict. Additional major sources ofbreadstuffs and other agricultural products outside theUnited States have appeared since 1914, and many ofthe belligerent countries are themselves more nearlyself-sufficient in essential foodstuffs than they were atthe time of the World War.

Moreover, it is precisely in the case of the UnitedKingdom, which must import large quantities of food,that alternative sources of supply have been developed.At the outset of the World War we supplied 20 percentof British imports of food, drink, tobacco, and rawmaterials. In recent years we have contributed onlyabout 10 percent. In the case of other crude materialsas, for example, in the case of minerals, production


10 SURVEY OF CURRENT BUSINESS JANUARY 194 0

outside the United States has been greatly increasedsince the World War period. These considerations,among others, suggest what is to some extent alreadyevident from trade returns: that any increase in exportsto European countries and to the belligerent countriesin particular will be concentrated to a considerabledegree in manufactured articles. As a matter of fact,it was this category of exports which expanded to thegreatest extent during the World War years, althoughthe rise in shipments of foodstuffs was significant for thewar period as a whole and especially during the firstyear.Table 2.—Percentage Distribution of Value of United States Exports,

By Economic Classes, and By Geographic Areas, Selected Periods 1

Item

Economic classes:Crude materialsCrude foodstuffs .Manufactured foodstuffsSemimanufacturesFinished manufactures

Total

Geographic areas:EuropeNorthern North America. _Southern North AmericaSouth America

(Latin America)

OceaniaAfrica

Total

[Percent of total]

1910-14

336

141631

100

621586

(14)

21

100

1918

169

231834

100

621575

(12)

21

100

1935-39

2446

1848

100

431599

(18)1734

100

i Years ended June 30 for 1910-14 and 1935-39; calendar year for 1918.Source: U. S. Department of Commerce, Bureau of Foreign and Domestic Com-

merce.

A second factor operating to restrict the great ex-pansion of our exports to the belligerents lies in theeconomic policies which France and the United King-dom have adopted. Strict control of foreign tradeand repressive fiscal policies were immediately put intoeffect, in order to minimize nonessential uses of labor,materials, and foreign exchange. Consumption andprivate investment are being repressed by drasticincreases in income and other taxes while the capitalmarkets are under strict control. These measures, byrestricting the expansion of incomes and by forcing areduction in the standard of living, cause a reductionin certain types of imports. In addition the deprecia-tion of sterling impedes the flow of goods into sterlingcountries from the United States. Imports are beingfurther reduced by direct limitation and, in some cases,absolute prohibition. Cautious and coordinated buy-ing by the Allies contrasts sharply with the competitionand duplication which characterized orders during thefirst part of the last war. It is clear that the Alliesintend to limit their expenditures in the United Statesas much as possible. They are carefully conservingtheir gold, dollar balances, and securities marketablein the United States to meet the needs which may ariseif and as the war develops. Furthermore, they evi-dently hope to minimize the inflationary effects of warexpenditure at home.

The movement of our goods to neutrals is limited by

the controls imposed by the belligerents upon neutraltrade, applied with greater severity and at a muchearlier stage than in the World War. Blockade and

EXPORTSECONOMIC CLASSES GEOGRAPHIC AREAS

BILLIONS OF DOLLARS BILLIONS OF DOLLARS7

1910-14 1918 1935-39 1910-14 1918 1935-39

IMPORTSECONOMIC CLASSES GEOGRAPHIC AREAS

Bl LLIONS OF DOLLARS BILLIONS OF DOLLARS4

- ^ - 2

1910-14 1918 1935-39 1910-14 1918 1935-39

DD.39S28

Figure 8.—Value of United States Exports of Merchandise and Importsfor Consumption, by Economic Classes, and Total Exports (IncludingReexports) and General Imports By Geographic Areas, 1910-14, 1918,and 1935-39 (U. S. Department of Commerce, Bureau of Foreign andDomestic Commerce).

NOTE.—Data for 1918 are for the calendar year; other data are for fiscal years.

contraband regulations will keep at a minimum ourexports to certain of the belligerents as well as to someneutral countries. The existence of substantial accu-mulated stocks of both war materials and civilian sup-plies is yet another factor which will presumably restrictthe demand for American products in the near future.In a measure, as export statistics during the past severalyears indicate, the war demand for domestic exportshas been already felt. Armament requirements, thebuilding up of reserve stocks, and the generally highrate of industrial activity induced by war preparationshave all been reflected in the export trade of the UnitedStates.

The foregoing considerations apply particularly toprospective export trade with the European belligerentsand with some qualifications to other European coun-



tries also. The prospects of improved trade with non-European countries, belligerent and neutral, turn uponrather different issues. The possibility of an expan-sion of exports from the United States to such countriesas a result of a lessening of trade with Europe, depends,of course, upon the trend of their exports to the UnitedStates, upon the disposable proceeds of their totalexports, and upon the possibility of borrowing in theUnited States. The fact that the productive facilitiesof many of the countries concerned are not in highdegree complementary to those of the United Statesneed not constitute an insuperable obstacle in thisdirection, provided that receipts from shipments toEurope and elsewhere can be freely utilized for makingpurchases of our goods.

Here it should be noted that the movement of prices,

especially the prices of the primary materials whichcomprise such a large proportion of the exports of coun-tries outside of Europe, is a factor of primary impor-tance. The boom in the external trade of Latin Americaduring the World War, for example, was in large meas-ure the consequence of a great rise of prices. Asidefrom the price factor, the experience of the World Warperiod suggests that trade between the United Statesand Latin-American countries may be expected toincrease moderately in the short run and significantlyover an extended period of time under the conditionscreated by war in Europe. An increase over both1937 and 1938 has occurred in exports from the UnitedStates to Canada, and the use of Canadian facilitiesfor the manufacture or processing of war materials maylead to a further marked expansion.



Present Position of the Lumber IndustryBy W. LeRoy Neubrech, Chief, Lumber and Allied Products Section, Forest Products Division

IT IS well known that one of the differences betweenthe immediate repercussions of the outbreak of war

in September and the start of the holocaust in 1914 wasthe generality of the impetus given this time to prices.There was no hesitancy in many important sectors ofthe price structure during the first few weeks of war asthere was in 1914. Rather, expectations changedquickly and the psychological impact was virtually all-inclusive. Prices of such commodities as lard, copper,lead, and cotton did not follow the 1914 precedent anddip downward. Presumably many people thought thatprice inflation like that of 1916-20 was imminent andsought to protect themselves, though there were, nodoubt, some who were merely guarding against delaysin delivery.

It is largely on such grounds that an explanation ofthe rush of buying and the consequent price rise thatcame in the lumber industry must rest. One might,not unreasonably, have expected a less optimistic re-action to the war, since during the World War lumberhad proved not to be a war stimulated industry.

Buying Rush in September.

Nevertheless, a sharp lumber buying movement diddevelop in September. The trend of developments isindicated by the data in figure 9 which cover a largefraction of the industry New orders for those millsreporting to regional associations had been coming inat about 260 million board feet a wTeek during theperiod immediately preceding the start of hostilities,somewhat above the level of production of about 240million feet a week. By the week ended September 23new business of over 370 million feet was received.While the data to show the precise sources of thisincreased demand are not available, there is a pre-sumption that it resulted from anticipatory buying bywholesalers, retailers, and industrial consumers. Themovement was fostered by the relatively low stockposition of these groups. There is no evidence of anincrease in total consumption although there has beenexpansion in particular lumber consuming areas; infact, the Lumber Survey Committee 1 estimated in itsreport of November 4 that consumption in the fourthquarter would decline to 6.8 billion feet from the thirdquarter total of over 7 billion.

After several weeks of accelerated business there wasa reappraisal of the situation. A sharp decline in neworders occurred and by the middle of October they fellbelow production. During November this gap be-tween output and new business was rather wide with

1 Special Lumber Survey Committee established upon recommendations to thePresident by the Timber Conservation Board, June 1931.

the latter fluctuating under 200 million board feet perweek. From the end of October to the end of Novem-ber unfilled orders were reduced from 930 millionboard feet to 769 million and this downward movementhas continued in December. They had been 836million at the end of August.

This strong buying wave soon produced a marked in-crease in lumber prices generally. The Bureau of LaborStatistics index of wholesale lumber prices rose from91.8 (1926 = 100) in August to 93.7 in September andagain to 98.0 in October. The movement of mill pricesfor some typical lumber items is indicated in table 1.As can be seen from these data, a large part of the pricerise, which was transmitted to all the important typesof lumber, came between mid-September and mid-Octo-ber. During the rest of October mill prices leveled offand with the decided decline in new business in Novem-ber many lumber items were offered at lower prices.

MILLIONS OF BOARD FEET

4 0 0

3 5 0

3 0 0

2 50

200

1 50

PRO

of , ,1 JULY

ORDE

; • - • • ' " >

DUCT/'ON - "

AUGUST

/ \

;

A

\ \ ; jr .—^^^

SEPTEMBER

19OCTOBER

39

PMENT5

—v

^ \ ^ \

NOVEMBER

K\\ .

, , , , r

DECEMBER 1

ZJ.Z). 39-3/5Figure 9.—Total Lumber Production, Shipments and Orders, by Weeks,1939.

Source of data: National Lumber Manufacturers' Association, based upon datafor approximately identical mills.

This price reaction was not immediately reflected widelyin wholesale markets. The Bureau of Labor Statisticsindex of prices in wholesale markets did not decline inNovember but showed a further slight increase to 98.3.

While supply conditions and the pricing process differwidely among the various sectors of the lumber indus-try, short-term price changes generally result from theimpact of changed demand upon existing stocks. Theindustry has large possibilities for expansion from therelatively low levels of production of recent years, butit takes some time for these to be realized. The timerequired for the logging, log transportation, saw mill-ing, drying, and finishing operations does not allow a



marked expansion of production to meet a flood of neworders within a few weeks or a month's time, particu-larly during those months when, for climatic reasons, aseasonal decline in production is customary. It hasbeen characteristic of the lumber industry for some timethat production lags considerably behind changes indemand so that stocks tend to move in the oppositedirection to production. The fact that production andstocks have opposite cyclical patterns can be seen infigure 10. Hence, a sudden increase in demand mustbe met largely out of stocks and is likely, if of sufficientmagnitude, to give a temporary lift to the price struc-ture.

Table 1.—Trend of Prices 1 of 8 Typical Lumber Items

[Dollars per 1,000 board feet]

Item

Southern pine dimension.Southern pine flooringPonderosa pine shopDouglas fir flooringDouglas fir dimensionOak flooringPlain red oakPlain sap gum

Aug. 19 2

21.2438.8533.6127.0021.0063.0029.0021.50

Sept. 16 2

21.8540.4234.4228.0022.0066.0029.0023.00

Oct. 14 2

23.6742.6034.2731.0024.0068.0032.7526.00

Nov. 25 2

24.6543.5235.2830.0023.0068.0029.2525.50

i Actual sales, f. o.b. mills.Source: American Lumberman.

2 Approximate date.

Lumber Stocks Declining.

Total shipments of lumber, which in August had beenlarger than at any time since 1930, were maintained inSeptember at 2.5 billion board feet and increased to 2.6billion in October against a customary seasonal contrac-tion at this time of the year. As production declined,though less than seasonally, from 2.4 billion in Augustto approximately 2.3 billion in September and October,the volume of shipments was maintained partly bywithdrawals from existing stocks. This decline in millstocks continues a movement which has been under wayfor about 2 years. During 1937 lumber stocks hadincreased by 1 billion board feet because of the sharpdecline in demand that came in the second half of thatyear. In 1938 these enlarged stocks were reduced 555million feet and in 1939, by the end of August, a furtherreduction of over 500 million had been effected. Then,in the next 2 months there was a decline in stocks of 515million board feet, as o result of the buying touched offby the war. Lumber stocks, in relation to the currentrate of consumption, now appear to be somewhat low.Furthermore, present stocks, as the Lumber SurveyCommittee observed at the end of the third quarter,are broken and ill-assorted in some regions and thistends to encourage erratic price changes. The com-mittee adds that such price changes benefit neitherproducers nor consumers and evidently discouragemore liberal use of lumber and timber products.

Consumption of Lumber Increases in 1939.

An accurate appraisal of the current position andprospects of the lumber industry must, however, bemade in terms of more fundamental factors than a shortperiod buying movement. The fact is that lumber con-

sumption in 1939 will exceed that of any year since1929. Lumber consumption in 1939 is estimated atslightly above 26.5 billion board feet, more than doablethe depression low of 1932. It will surpass the 1937figure by about a billion and a half feet. Productionhas also expanded in 1939 although it is estimated tobe about 2 percent under 1937 and 1930, total outputin each of these years having been approximately 26billion feet. The steep climb from 10.8 to 25.5 billionfeet measures the progress made from the trough of thedepression in 1932 to 1939. Nevertheless, consumptionstands far below the level of the twenties; in 1929, notan exceptional lumber year for that decade, consump-tion was 35.8 billion feet. It is necessary to inquirewhether the difference between 1929 and 1939 consump-tion represents a trend away from lumber use or merelythe relatively depressed condition of the nationaleconomy,

BILLION FEET PER QUARTER12

1925 76 77 '28 79 '30

Figure 10.—Softwood Production, Shipments, and Stocks by Quarters,1925-39 (National Lumber Manufacturers' Association).

NOTE.—Data are adjusted for seasonal variation.

Even in 1929 lumber was known to be in the categoryof declining rather than expanding industries. Thepeak in lumber production and consumption came inthe years 1906-7. Up to that time it can fairly besaid that lumber was the dominant manufacturingindustry in our economic development, although forabout 10 years steel had become increasingly important.Lumber was the lowest priced and most widely usedmaterial for durable goods during the great economicand territorial expansion that followed the Civil War.Its consumption increased from about 8 billion feet in1859 to almost 45 billion in 1906. The Great Plains ofthe Middle West were being settled rapidly, towns andcities were springing up, and population, even in theEast, was multiplying. This expansion and migrationof the population, coupled with the rising productive-ness of our economic machine, resulted in an increasein the per capita consumption of lumber during the halfcentury from 260 to 525 board feet.



Declining Trend in Consumption Since 1907.

After 1907 this rising trend was reversed and thelumber industry entered its new phase of decliningproduction and consumption. The great agriculturalmigration that had added approximately 90,000 newfarms per year to the economy, each with a require-ment of about 50,000 board-feet of lumber,1 was over.New materials were being developed and they began toreplace lumber in urban buildings, sidewalks, ship-building, fencing, and a host of industrial uses.

The comparison of the major outlets for lumber in1912 and 1928, given in table 2, shows in what areas thetrend was declining after the peak in 1907.

Table 2.—Estimated Distribution1912

Class of use

Factory . .Construction:

Sash, door, and millworkDirect to construction._ -_

Rural constructionUrban residentialUrban nonresidential

All lumber .

of Nationaland 19281

1912, con-sumption

Mil-lionsfeet

boardmeas-ure

11,200

2,50029, 30015,0009,0005,300

43,000

Per-cent

26

668513118

100

Lumber Con

1928, con-sumption

Mil-lionsfeet

boardmeas-ure

10,300

3,30022,900

5, 50012,0005,400

36, 500

Per-cent

28

963245224

100

sumption for

Gain (-loss

Mil-lionsfeet

boardmeas-

ure

- 9 0 0

+800- 6 , 400- 9 , 500+3,000

+100

- 6 , 500

f) or- )

Per-cent

- 8

+32-22- 6 3+33+2

- 1 5

i Forest Service, a National Plan for American Forestry, S. Doc. No. 12, 73d Cong.,1st Sess., 1933, vol. 1, p. 249.

In construction the use of manufactured lumberproducts (sash, door?, etc.) increased during this periodbut the total lumber used in this field declined by 5.6billion board feet. It was entirely in rural construc-tion that the decline occurred, a result of the rural-to-urban shift in population that was taking place. Therelatively depressed condition of agriculture during thetwenties, which was the underlying cause of the shiftin population, also held back the normal replacementand repair demand for lumber. Actual consumptionin urban construction, including planing-mill products,increased by substantially more than 3 billion boardfeet. This increased urban consumption was occasionedby the much higher level of construction activity in1928 and took place despite the tremendous increase inthe use of other building materials which was a con-current development. It has been estimated that thevolume of urban nonresidential building constructionin 1928 was twice that of 1912 although lumber con-sumption was about the same in both years. Thus therelative displacement of lumber by other materials was50 percent.2 In urban residential construction, therelative displacement of lumber was also very high,probably in excess of 25 percent, largely a result of thedevelopment of multifamily housing.

i A National Plan for American Forestry, S. Doc. No. 12, 73d Cong., 1st sess., 1933,vol. 1, p. 249.

3 Op. cit., pp. 250-253.

It is also notable that, despite the large increase inindustrial production during this period, the industrialuse of lumber declined from 11.2 billion board feet in1912 to 10.3 billion in 1928. Other materials of allkinds encroached upon the use of lumber for all indus-trial purposes although in certain areas the expansionof output was large enough to require an increase inthe absolute amount of lumber used. This occurred insome of the largest areas of industrial demand; e. g. boxesand crating, furniture, and motor vehicles; but suchgains and those arising out of new industries were morethan offset by the decreased consumption in minorindustries as is shown in table 3.

Table 3.—Lumber Consumed in Fabricated Products and by Wood-Usin£Industries, 1912 and 1928

Products

Boxes and cratesCar constructionFurnitureVehicles and vehicle parts:

NonmotorMotor

Total of 4 principal industries.

Woodenware, novelties, and dairymen's, poulterers', andapiarists' supplies

Agricultural implementsChairs and chair stockHandlesMusical instrumentsTanks and silosShip and boat buildingFixturesCaskets and coffinsRefrigerators and kitchen cabinetsMatches and toothpicksLaundry appliancesShade and map rollersPaving material and conduitsTrunks and valisesMachine constructionBoot and shoe findingsPicture frames and moldingsShutters, spools, and bobbinsTobacco boxesSewing machinesPumps and wood pipe...Pulleys and conveyorsToysGates and fencingSporting and athletic goodsPatterns and flasksBungs and faucetsPlumbers' woodworkPencils and pen holdersElectrical machinery and apparatusMine equipmentProfessional and scientific instrumentsBrushesDowelsElevatorsSaddles and harnessPlayground equipmentButchers' blocks and skewersClocksSigns and suppliesPrinting materialWeighing apparatusWhips, canes, and umbrella sticksBrooms and carpet sweepersFirearmsArtificial limbsTobacco pipes .AirplanesMotion pictures and theatrical scenery

3,651, 767 2,179,545Total of 50 minor industries

Total, all uses ._„ 11,147,695 10,317,511

1912

Mft. b. m.4, 550,0161, 262, 090944, 678

569,144170,000

7,495,928

405,286321, 239289, 791280, 235260,195225,620199, 598187,133153, 395137, 61685, 44279, 50279, 29276, 06774,66869,45966, 24065, 47865,14864,12759,94755, 82735, 86328, 92727, 45125,19224, 29921,11220, 31320, 04118,18916,98815,03012,87911,98110,0199,2189,0658,1977,894

1928

Mft. b. m.4, 981, 2301, 009, 4081,198,612

80,841867, 875

8,137, 966

5,3255,0224,9472,2772,09468749074

183, 336142, 943165, 392124,654107, 50266, 328128, 342130, 030156,108145, 745123, 42638, 67424, 2363,350

21, 34639, 62748, 74220,94744,02238, 42912, 76010,831

90039,4101,57229,97329,9962,98016, 27339,98266, 750

2215, 51017,03315,087

46751

4,6724,8883,511

48, 5975,984

191,250

28,4521,741698

1,4119,04416, 223

Source: A National Plan for American Forestry.

The declining trend of lumber consumption is illus-trated by the estimate of future "normal" require-ments 3 of from 30 to 34 billion board feet annually, a

A National Plan for American Forestry, p. 256.



substantial decline from the 45-billion peak of 1906-07.Had lumber consumption followed the general trend ofindustrial expansion, its use would have amounted to54 billion board feet in 1928 instead of 37 billion.

A Decade of Low Consumption.

For the period 1929-39 the trend of lumber consump-tion is indicated in table 4. It can be seen that, exceptin 1929, consumption was much below the estimatednormal of 30 to 34 billion board feet. The declinefrom 1929 to 1932 was of the substantial magnitudethat characterized durable-goods industries generally.Since 1932 considerable and almost continuous progresshas been made, but in 1939 consumption was still morethan 9 billion board feet under the 1929 total.

This failure of lumber to regain its former volumeis not merely a concomitant of the depressed condi-tion of the economy. The consumption of lumber inthe building and construction field is now at the highpoint since 1929 and is only slightly below the levelattained in that year. But in all the other areas shownin table 4 the difference between 1929 and 1939 con-sumption is considerable, in large part a result of thedisplacement of lumber by other materials.

Table 4.—Total Lumber Consumption by Major Uses, 1929-39

Year

19291930193119321933

TotalBuildingand con-

Boxesand

cratingIndustrial Railroad

purchasing Export

Million feet

1934_

1936__.1937 __1938 _.1939 i..

19291930193119321933

35, 50726,49819,07013,10515,148

15, 46719, 30623,62325,09321,66326, 501

18,49912, 60010,0586, 5888,412

8,13311,42714, 83015, 56314,94918, 044

4,6454,0383,3582, 5782,549

2,6612,9283,1933,2882,7413,080

6,0354,7932,2901,4251,613

1,6702,0702,3122,3801,8392,337

3,2342,7961,7041,3771,299

1,6661,5802,0162,4481,1871,953

3, 0942,2711,6601,1371,275

1,3371,3011,2721,414947

1,087

In percentage of total

1934_1935.1936.19371938.1939 1

100.00100.00100.00100. 00100.00

100.00100.00100. 00100. 00100.00100. 00

52.1047.5552.7450.2755.53

52.5859.1962.7862.0269.0168.09

13.0815.2417.6119.6716.83

17.2115.1713.5213.1012.6511.62

17.0018.0912.0110.8710.65

10.8010.729.799.488.498.82

9.1110.558.9410.518.57

10.778.188.539.765.487.35

8.718.578.708.688.42

8.646.745.385.644.374.10

1 1939 estimated.Source: Lumber Survey Committee quarterly reports to the Department of

Commerce.

The fact that consumption of lumber in boxes andcrating is still less than the 1931 figure is indicative ofthe increased use of paperboard, plywood, and veneerfor this purpose. It is probable that this was influ-enced to some extent by the shift from rail to trucktransportation. The relative decline in industrialconsumption has been larger than in any other area andthis is in some measure because of the use of alterna-

tive materials. While the Federal Reserve index ofdurable-goods production was almost 80 percent of the1929 figure in 1939, the industrial use of lumber wasless than 40 percent. In the case of railroad consump-tion the decline in lumber used can probably be entirelyaccounted for by the decrease in outlays for capitalgoods and maintenance rather than by further dis-placement of lumber by alternative materials.

The factors influencing our export trade have been ofa different character. Lumber exports in 1938 totaledonly 947 million feet, the smallest volume in fourdecades. Although there has been an increase of morethan 100 million feet this year, the total is still onlyone-third that of 1929 when the United States was themajor lumber exporting nation of the world. This losshas not been due primarily to a decline in consumption,for world lumber consumption, excluding the Orient,has been fairly well maintained. The United Kingdomimported more lumber in each of the past 5 years than

BILLIONS OF BOARD FEET3.5 '

3.0

1910 'II '12 '13 '14 '15 '16 '17 '18 '19 '20 7! 72 73 74 75 76 77 78 79 '30 '31 '32 '33 '34'35 '36 '37 '38 1939

Figure 11.—Total Exports of Hardwood and Softwood Lumber, 1910-39(U. S. Department of Commerce, Bureau of Foreign and DomesticCommerce).

NOTE.—Figures for 1939 include estimates for December. Data for hardwood andsoftwood lumber are not reported separately prior to 1918.

in any year since 1913, excepting only 1927, and yetour exports to that market have dwindled. Com-parative prices, freight costs, preferential tariffs andother trade barriers, larger log exports, and, in recentyears, the war in the Orient, have been the majorfactors responsible for the decline in our lumber exports.Imperial preference, adopted in 1931, was particularlyimportant as it transferred a large part of our Britishand Dominions market to British Colombia.

It is interesting to note in this regard that, if theWorld War is a reliable precedent, export prospectshave not been improved by the renewal of armed con-flict in Europe. As can be seen in figure 11, lumberexports dropped precipitously after the outbreak of warin 1914 and remained very low until the work of recon-struction after 1918 increased world demand. Thisdecline was immediate; from a total of 235 million feet



in July 1914 exports fell to less than 100 million byOctober of that year. Of course, even a relative declineof this magnitude is not anticipated from the presentlow level of exports but, on the other hand, a sizableexpansion cannot be expected.

The loss that has been sustained in the boxes andcrating, industrial, railroad, and export markets forlumber, means that the fortunes of the lumber industry,particularly the softwood section, are more closely tiedto building and construction than they were a decade

FLOOR SPACE-MILLION SQUARE FEET CONSUMPTIQN-

160

140

120

100

80

60

2 0

0

\

1926

\

A\

1929

\\

1930

V\

1931

UMB£R

\

\ ^

1932

CONSU

1933

MPTIOI

" *>

1934

A--

1935

fLOOR

1936

%

VSPACE

1937

BILLION FEET

/

h

1938 !939DM SB

I to

14-

12

10

8

2

0

•317

Figure 12.—Floor Space of Residential Construction Contracts Awardedand Consumption of Lumber by Quarters, 1928-39.

Source: Courtesy National Lumber Manufacturers' Association. Floor space,F . W. Dodge Corporation; lumber consumption for 1928 and 1929, U. S. ForestService, and for 1930-39 Lumber Survey Committee. Data are adjusted for seasonalvariations.

ago. Whereas the construction demand was onlylittle more than 50 percent of the lumber market in1929 it has been close to 70 percept for the past 2 years.It is only because of the heavy demand of the construe^

tion industry that total lumber consumption this yearhas been able to rise above that of any year since 1929

There is a further significant development. Whilethe quantity of lumber consumed in building and con-struction in 1939 has been only a little below the 1929figure, construction activity itself was still much underthat of 1929. This fact can be explained by therelatively greater expansion in residential buildingcompared with other types of construction. As can beseen in figure 12, lumber consumption in recent yearshas become more dependent upon residential building.But several other factors appear to be important.There has been relatively more building in the smallercities where wood is used more extensively. Archi-tectural styles wiiich use wood in combination withother materials for both exteriors and interiors havefound more favor with the home builder. It also ap-pears from the little data available that a larger propor-tion of the houses built have been of frame construction.Furthermore, there is little doubt that the proportionof small lower-priced homes built has been greaterand that this activity has provided a large outlet forlumber. For the past several years both lumber man-ufacturers and retailers, through their national associa-tions, have promoted a project known as the NationalSmall Homes Demonstration, Inc. This project, incooperation with Federal agencies and other privateindustry groups, has resulted in stimulating greaterinterest in housing, especially low-cost housing. Theprospects for the lumber industry at this time are toa large degree dependent upon further expansion inthis field. The possibilities in this field have alreadybeen demonstrated, but only a beginning has been madein tapping this market.



NEW OR REVISED SERIES

17

Table 1.—AVERAGE WEEKLY HOURS PER WORKER IN FACTORIES AND FACTORY AVERAGEHOURLY AND WEEKLY EARNINGS »

Month

Average weekly hours per worker in factories

Hours

1932

38.639.639.037.737.636.835.9

1933

37.638.336.638.140.842.842.6

1934

33.635.536.035.935.434.633.1

1935

35.036.336.436.135.535.335 2

1936

37.337.338.538.639. 139.138.5

1937

39.640 541.040.439.739.238.0

1938

33.334.434.734.334.534.535.0

1939

36.637.137.336.736.937.336.7

Month 1932

36.638.940.238.938.5

38.2

1933

38.436.135.634.234.0

37.8

1934

33.833.234.133.835.0

34.5

1935

36.637.438.137.638.5

36.5

1936

39.538.840.540.541.1

39.1

1937

38.737.537.635.434.5

38.6

1938

36.537.137.636.637.3

35.5

1939

January. .FebruaryMarchAprilMayJuneJuly

AugustSeptemberOctoberNovemberDecember

Monthly average

38.03H.039.1

Month

Factory average hourly earnings Factory average weekly earnings

Dollars

1932 1933 1934 1935 1936 1937 1938 1939 1932 1934 1935 1936 1937 1938

Total, all industries

1939

JanuaryFebruary.-MarchAprilMayJuneJulyAugustSeptemberOctoberNovember.December

Monthly average

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember _-

Monthly average.

JanuaryFebruaryMarchAprilMayJune ,JulyAugustSeptemberOctoberNovemberDecember

Monthly average

0.494.486.480.477.472.463.460.447.432.427.426.426

.458

0.421.419.420.416.411.407.411.472.501.508.510.517

.455

0.526.524.526.536.541.543.549.547.550.546.548.554

. 541

0.557.559.561. 562.562.565.559.558.553.555.557.562

.559

0.563.561.562.563.563.563.562.560.557.562.569.583

.564

0.587.592.604.629.640.644.648.648.647.655.656.656

.634

0.652.647.645.642.640.638.631.625.626.634.639.642

.639

0.644.643.645.642.643.642.637.634.635.645

19.6019.7819.2918.5518.3517.6216.9516.6116.6017. 1516. 7516.65

17.86

16.3416.2115.3815.9817.1017.7217.7518.4918.2118. 3617.6617.78

17.36

17.8618.8319.3619.7419.6119.2318.3618.6818 3518.6818.6819.58

18.93

19 8320.7620.9020.9620. 5520. 3219.9120.6420.9321. 4321.5922.10

20.85

21.4021.2121.9922.4422.7222.7022. 1922.4621.9723. 2023. 6924.65

22.60

23. 8324. 5425. 3526. 1226.2225. 8025. 1625.6424.7325. 1723. 6622.68

24.95

21.6622.0722.2322.0521.9222.0721 .%22.8323.2423. 9023. 7724.26

22.70

0.546.539.532.531.526.511.505.494.482.469.468.466

.508

0. 463.459.460.452.447.441.443.495.522.528.527.531

.485

0.538.540.545.566.575.575.577.577.576.572.574.580

.567

0. 583.584.587.588.587.592.587.585.581.584.589.592

.587

0.593.591.593.596.595.595.594.590.588.594.604.623

.597

0.623.631.651.686.696.696.705.703. 703.710.713.710

.686

0.705.702.702.701.699.696.688. 685.690.696.706.709

.698

Durable

0.710.709.711.710.707.708.702.699.703.712

i goods

19.6019.9619.0118.4818.7217.3316.6015.8315. 4216.5716. 5016.46

17.66

16.1515. 8714.9715. 9217.6418.5218. 6219.7018.8119.0418.1218.10

17.80

18.1819.5120.4721.3021. 1920.7018.8919.3718.2219.2419. 4120.61

19.81

20.9922.6222.7022.9222.2921.9021.2122.2122.7223.6624.1924.52

22.72

23.3422.8024.3025. 4225.6925.5624. 5824.7624.462«. 1326.8327.79

25.24

26.3327.3528.6229.8729.9029.1928.2329. 1028.0128.6126.4724.59

28.09

22.9023.4223. 6923.8023.9323. 8623.3224.8425. 6526.8627.0227.27

24.77

Nondurable goods

0.458.450.445.441.435.431.430.419.403.403.402.403

.427

0.397.396.397.395.389.386.391.457.488.495.500.508

.437

0.518.514.513.513.516.519.528.526.532.529.530.535

.523

0.538.540.542.542.543.544.538.538.532.532.532.537

.538

0.538.537.536.535.536.536.536.536.532.536.538.548

.537

0.555.557.562.575.587.594.595.596.596.603.602.607

.585

0.609.603.601.596.595.594.590.585.582.587.586.589

.593

0. 592.591.591.588.592.590.587.585.583.590

19.5919. 6319.5318.6118.0317.8717.2417. 1817.4017. 5216.9216.78

18.01

16.4716.4515.6616.0216.7317.1617. 1317.6017.7717.8617.3217.53

17.04

17.6218.2918.4418.4218.2217.9417.9318. 1318.4618.2818. 1418.79

18.23

18.8719.1419.3319.2118.9418.8918.7419.2619.4319.4619. 1519.85

19. 20

19.5819.9519.8419. 5819.7919.8719.8720.3619.7120.3920.5321.42

20.09

21.2921.6721.9622. 1222.1622.1321.8021.9821.2821.3620. 5220.69

21.60

20.4720. 8320.9220.4920.1120.5120.8421.2421.3221.3420.8421. 52

20.89

23.8024.0124. 1823. 7923.8424. 1723.6424.5224.7225.80

26.5326.7827.0226.9226.8227.2626.3127.922«. 1829.72

21.2921.4721.5820.8921.0921.3121.2521.5821. 5422.03

1 Revised series: Computed by the U. S. Department oj Labor, Bureau oj Labor Statistics. The revised scries supersede those forrrerly published, and they differ frorr theold series in that (1) the railroad repair-shop group has been eliminated, and (2) a more refined system of weighting has been used in the construction of the revised averagehours and average hourly earnings. Revisions have also been made in several industries because of changes in the composition of the industry and the reclassification ofestablishments.

In addition to the data shown above, revisions in the major groups and in selected industries beginning November 1938 appear on pp. 28 and 29 of this issue.The Bureau of Labor Statistics has released a mimeograph containing tables of yearly averages from 1932-1938 and rronthly data from January 1938 to September 1939

for the separate manufacturing industries and for the major groups; this mimeograph is available upon request to the Bureau of Labor Statistics. Earlier n onthly data will bereleased at a later date in a special bulletin of the U. S. Department of Labor. This bulletin will contain a more complete description of the revisions and methods used in theconstruction of the series.

200349—40 3



Table 2.—AVERAGE WEEKLY HOURS PER WORKER IN FACTORIES AND FACTORY AVERAGEHOURLY AND WEEKLY EARNINGS l

Month

Average weekly hours per workin factories Factory average hourly earnings Factory average weekly earnings

Dollars

JanuaryFebruaryMarchApril _MayJuneJulyAugustSeptemberOctoberNovemberDecember

Monthly average

34.035.636.435.835.435.534.133.533.433.933.735.1

36.337.236.836.836.036.136.337.037.938.638.538.4

34. 7 37. 2 39. 5

38.137.838.339.139.039.038.839.840.340.841.141.4

40.341.341.44.0.640.239.838.738.537.937.435.233.6

38.7

32.233.133.032.732.532.933.735.536.036.836.736.6

34.3

36.636.836.936.836.537.137.137.938.239.039.1

0. 552.556.562.581.585. 585.587.587.589.591.592. 590

. 580

1935

0.591.592.594.597.599.601.601. 604. 603. 602. 605.604

. 599

1936

0. 610.609. 612.615.617.619.618.618.620. 620. 626. 638

.619

1937

0.639.643.662.692.701.708.712.715.716.718.716.715

.695

1938

0.714714'20718'18'19'14714715715"14713

.716

1939

0.713713715717720721721720722724727

1934

18.7719.8520.4920.8220.6820.7619.9219. 5619. 5019.8919. 8320. 69

20.06

1935

21.4722.0521.8721.9721.5121. 6621.7322.1822.7123.1623.2723 16

22. 23

1936

23.1722.9423.4424.0724.1624.1923.9524.5324.9325. 2525. 7026 36

24.39

1937

25. 6326.5027.3728.0128.1028.0727.4127. 4927.1026. 8125. 2123 92

26.80

1938

22.8523.4023.5723.4023. 2423.5623. 8325.1625.6626.1926.2026 05

24.43

1939

25.9526.1126.2526.2726.1926.6726.6427.2927. 5828.2428.49

i Revised series. Computed by the National Industrial Conference Board. These revisions, which affect only the figures from 1934 to date, were occasioned by (1) thereceipt from cooperators of additional reports covering the year 1938, and (2) by the adjustment of the averages for the automobile industry to conform with data compiled bythe Automobile Manufacturers Association which cover practically the entire automobile- and body-manufacturing industry.

Table 3.—DEPARTMENT STORE SALES—SAN FRANCISCO FEDERAL RESERVE DISTRICT J

[Monthly average 1923-25=100]

M o n t h1919 1920 1921 1922 1923 1924 1925 1926 1927 I 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939

JanuaryFebruary _.MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December..

Without adjustment for seasonal variations

Monthly average..

4848545961625763707677

121

66

7265737683776979828584

126

81

7369737779726472758079

119

78

6862707586746777799192

140

82

817887899989838895

105 i104163

97

908789949891799194

103105161

99

8887951011069990101107115123181

108

959210510310810089104113115119188

9896

10411211210191

107116117124188

10099

10411511310297

108121122122200

10410111211011710598

110123121127200

100 !9710611110910090 ,102 i112111114176

119 I 111 |

9088

10010199918293969598

144

98

7272757270675969757769

114

74

5556547072666772767372

131

72

6265767374696478858689

147

81

7273788885827686969898

161

91

7678879392918394

104105108179

99

8588

10296999285

101105108107173

81808595928581928997

108170

818389969388819498

103105

103 i

With adjustment for seasonal variations

January | 55February j 57March I 61April 62May ! 58June i 66July : 68August 67September ; 71October j 72November j 74December \ 77

817778827984828483808179

828277787677777777767675

78

919193949696

1019698

10099

101

10110298969798

197999798

100101

99102104104106109111109109111116111

107108110109109110110112114111112114

111113115114114113113114115113117113

115116113120115114119116119119115120

120119119117121118120117121118118120

116115118113114112110108109108108105

1061031071071031021009893939285

87 9393979696

10010199

100103102104

103106109102105102103107101103 93102 103102 100

979799

1009599

100

1 Revised series. Computed by the Federal Reserve Bank of San Francisco and represents a complete revision of the data previously shown in the Survey. The indexes arebased on daily average department store sales in the Twelfth Federal Reserve District. The data for the individual cities which make up the total have been adjusted tolevels indicated by Census of Distribution data for 1929,1933, and 1935 except for 2 cities where it appeared that such adjustments were unnecessary. The seasonal adjustmentfactors were also recomputed.factors were also recomputed.

Table 4.—DEPARTMENT STORE SALES-CLEVELAND FEDERAL RESERVE

DISTRICT 1

[Monthly average 1923-25 = 100]

Month

January _ _ - _ . _ .February _- _ _ _ . . . . .MarchApril .- .May.JuneJulv .AugustSeptemberOctober .._ _ _NovemberDecember

Monthly average

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938|l939

With adjustment for seasonal variations

105105108102102110106106110104102104

105

97999999999592939494so88

94

9?89919?,8785857976757574

82

707165666359575257585654

60

5548605960657367646465

62

m7076717571697269687173

70

776980717076757475

7979

75

778778828685878686939493

87

92103100969797979699

1009088

96

898886827377817885838789

83

89909087838486889?94

100

i Revised series. Computed by the Federal Reserve Bank of Cleveland. Seasonalfactors have been recomputed for the period 1929 to date; the new factors take intoaccount the shifts which have occurred in the seasonal element in recent years. Therevision does not affect the index without adjustment for seasonal variations or theadjusted index prior to 1929.

Table 5.—DEPARTMENT STORE SALES-MINNEAPOLIS FEDERAL RESERVE

DISTRICT J

[Monthly average 1929-31 = 100]

Month

JanuaryFebruaryMarchAprilMayJune __JulyAugustSeptemberOctoberNovemberDecember

Monthly average

1934 1935 1936 1937 1938 1939

With adjustment for seasonalvariations

817681747973697777757881

77

818180798181818581848885

83

929595929496

1009198969293

908994928592959396919396

95

9487969594959710210497

93

1 Revised series: Computed by the Federal Reserve Bank of Minneapolis. Thisrevision, which was occasioned by the recomputation of the seasonal adjustmentfactors, affects only the adjusted indexes for the period 1934 to date.



Monthly Business StatisticsThe data here are a continuation of the statistical series published in the 1938 supplement to the SURVEY OF

CURRENT BUSINESS. That volume contains monthly data for the years 1934 to 1937, inclusive, and monthly aver-ages for earlier years back to 1913 insofar as available; it also provides a description of each series, and referencesto sources of monthly figures prior to 1934. The 1938 supplement may be secured from the Superintendent ofDocuments, Government Printing Office, Washington, D. C , for 40 cents per copy.

A few series have been added or revised since the 1938 Supplement went to press. These are indicated byan asterisk (*) for the new series and by a dagger (f) for the revised series. A brief footnote accompanying eachof these series provides a reference to the source where the descriptive note may be found.

The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonalvariations. Data subsequent to November will be found in the Weekly Supplement to the SURVEY.

Monthly statistics through December 1937, to-gether with explanatory notes and referencesto the sources of the data may be found in the1988 Supplement to the Survey

1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April May June July August Sep-

tember October

BUSINESS INDEXES

INCOME PAYMENTS tAdjusted index 1929=100-.Total Mil. ofdoL.

Salaries and wages:Adjusted index... 1929 = 100-.Total Mil. of doL.

Commodity producing industries __doDistributive industries _ doService industries doGovernment doWork relief wages- ___.do

Direct and other relief doSocial security benefits and other labor in-

come .Mil. of doL.Dividends and interest doEntrepreneurial income and net rents and

royalties Mil. of doL.Total nonagricultural income doAdjusted index of nonagricultural in-

come 1929=100-.INDUSTRIAL PRODUCTION

(Federal Reserve)Combined index, unadjusted 1923-25=100-.

Manufactures, unadjusted do_Durable goods* do.

Automobiles do.Cement do.Glass, plate do-Iron and steel do.

Nondurable goods*. do.Leather and products do-Petroleum refiningf-.. do,.Rubber tires and tubesf do |Slaughtering and meat packing do ITextiles _ doTobacco manufactures -....__do

Minerals, unadjusted doAnthracite doBituminous coal doIron-ore shipments doLead-. doPetroleum, crude doSilver _ doZinc do

Combined index, adjusted doManufactures, adjusted do

Durable goods* doAutomobiles doCement... doGlass, plate doIron and steel do

Nondurable goods*. _. doLeather and products doPetroleum refiningt doRubber tires and tubest— doSlaughtering and meat packing doTextiles.. _ _ doTobacco manufactures ~___do

Minerals, adjusted. —doAnthracite doBituminous coal doIron-ore shipments doLead. _._ _..doPetroleum, crude doSilver... ___.do.___Zinc do

5,817

87.53,8421,43390384153113490

129496

1,2605,231

p 124M23v 12510890191155

P 122

111131175

*126*>62

v 10213086

P 186

117P 124P 124v 130

9091191167

P 118

100126172

P 124J>60J* 9115583

P 188

117

83.15,507

82.43,6341,248

853799531203

83

126484

1,1804,967

84.2

104103

92115

83155100113102208100104116167105

60863569

1535588

103103

949684

155108110107208100

94112164102

58' 7 7

4266

' 1645188

83.46,145

83.03,6721,244

889814527198

88

1241,115

1,1465,657

84.7

989885

11764

15389

108104202112101111145103

6682

058

1648596

104104

929982

153101114123201112

86117179109

6778

057

1698594

83.35,703

82.33,5251,191

841800505188

92

128827

1,1315,244

84,4

100••99

84105

42147

90111115205110101114157105

7483

071

1648694

101100

88105

69147

93110124205110

87109165110

6975

070

1718689

83.05,247

82.03,5221,215

826796503182

93

133433

1,0664,848

84.4

9998

' 8 4••100

48133

92111126202109

83115147105

6683

075

166108

939997

' 8 4'100

80133

88109124201109

83109162110

6179

073

169100

87

84.15,727

82.13,5751,235

850797506187

95

148772

1,1375,256

84.8

100100

86105

65138

93111125201114

84112156102

5077

070

17194969896809190

13183

110121202114

89110164110

6177

069

1738690

83.05,654

81.03,5501,212

849799510180

90

133760

1,1215,192

83.8

959684

106799187

106112208104

81100151

888326

070

174102

9492927687818379

105115209104

9097

164958031

071

174101

91

83.45,432

81.43,5981,235

862806520175

87

139471

1,1374,943

84.3

94947888889379

107105211102

92104172

9773408280

177699092917173758973

108113211102

94104170

9873465582

1757189

84.16,918

82.83,6651,281

874815530165

85

145920

1,1035,453

85.4

9897859198

11289

108104215112

86105186105

5163

13271

173105

879897828179

12489

110108215112

87111170104

59716770

170107

90

83.75,695

82.83,5161,27186881042214585

136849

1,1095,222

85.5

97958366

10078931051122111118410317110744681506517859841011008887828710011011421211189111158106537574681747091

85.45,400

84.03,5601,31887181342313587

145451

1,1574,887

852898121103111

'130217122801121809653 i75 I15968 !1297887103104928976121105115

'1172181229212016891537778711277993

r 6, 020

'84.4' 3, 702' 1, 369'891821

'507114'87

135805

1,291T 5, 374

'87.0

11211099599816512011912022112391121181123729018767179989311111110385781651211171042211231001211641147184977117410498

'88.16,204

'86.7'3,867' 1,448'917835538

'129

128'783

1,3385,519

'124122

'123'9399222152122

'11923312697129179

'132'74

'10421872

'18390

106'121'121123'7887

222157

' 119'10823212699125166

'12158

'9412870

-•18191110

Revised p Preliminary.*New series. For indexes of durable and nondurable goods production beginning 1919, see table 8, p. 14 of the March 1939 SurveytRevised series. Petroleum refining, revised beginning 1934, and rubber tires and tubes, beginning 1936; see table 36, p. 17 of the August 1939 Survey For revised income

payments beginning 1929, see table 41, pp. 15 and 16 of the October 1939 issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April May June July August Sop-

tember October

BUSINESS INDEXES—Continued

AGRICULTURAL MARKETINGSQuantities marketed:

Combined index 1923-25=100..

Dairy products doLivestock . . . _ . do _Poultry and eggs doWool . . . . do

Crops _ - _ doCotton . .- . .doFruits _ do _Grains . doVegetables do

Cash Income from farm marketings:Crops and livestock, combined index:

Unadjusted 1924-29=100..Adjusted ._ do

Crops doLivestock and products do

Dairy products doMeat animals _ _. doChickens and eggs do

WORLD STOCKSCombined index (quantity)f 1923-25=100._

Cotton adjusted doRubber adjustedf -- doSilk adjusted doSugar adjusted .« doTea, adjusted __ doTin unadjusted . - doWheat, adjusted > do

104908082

12642

119200

756866

78.574.062.086.591.087.074.0

(0

105

139

99898778

116lfiO108154

798567

78.069.555.584.085.583.583.5

192202284172188129102169

76819167

116687178856261

72.568.055.082.089.578.081.0

189201255164192127105167

6577977380415337825177

68.567.555 580.088.579.067.0

186202268144184132111162

5664945670504634783878

51.060.044.576.585.577.556.5

183204258120187126126151

6878

10466

1044557359350

107

57.564.049.579.580.084.071.5

181201248111191118127151

6581

10362

123775022955089

55.064.551.578.076.075.070.0

182205241101187110129162

8199

13572

145193

63239280

109

60.065.049.082.076.583.580.0

18221123984

184106119166

8293

14562

114387

712681

101112

59.060.045.075.577.076.073.0

19022322788

185105115186

9488

1336691

386101

4678

18449

63.062.551 074.577.073 575.0

0)24521898

194108115

85Si

1227079

266877580

11641

71 071.066 575.581 574 070.0

0)241208101

102

12082

1007875

144159251

7912072

92 579 070 088 087 089 573.0

0)

107

110

1258790907590

163278

959482

96 072.561 583.58() 083 566.5

0)

105

153

COMMODITY PRICES

COST OF LIVING

(National Industrial Conference Board)

Combined index 1023=100.Clothing do . . .Food.-.. do . . .Fuel and light. do.._Housing do . . .Sundries do___

PRICES RECEIVED BY FARMERS §

(U. S. Department of Agriculture)

Combined index..... .1909-14=100.Chickens and eggs do . . .Cotton and cottonseed... -do. . .Dairy products do . . .Fruits do._.Grains. _ do . . .Meat animals doTruck crops - do . . .Miscellaneous . do

RETAIL PRICES

U. S. Department of Labor indexes:Coal:

Anthracite.. 1923-25=100.Bituminous- .do . . .

Fond... do . . .Fsirchild's index:

Combined index Dec. 31,1930=100.Apparel:

Infants' doMen's _.do\^ omen's do

Home furnishings do . . .Piece goods ___do__.

WHOLESALE PRICES

85.772 979 685.686.796.8

97117751176670107130

77.9

91.9

96.488.790.993.585.0

85.673.279.585.986.496.8

9413173109716011110295

77.8

88.9

96.488.789.290.484.4

85.873.080.386.086.296.8

127701127363109108108

81.81.3

78.6

88.9

96.388.789.090.484.3

85.472.779.285.986.296.8

949771109766611296109

77.5

89.1

96.388.789.090.584.3

U . 8. Department of Lanor indexes:Corrbined index (813 quotations)-.1926=100.- 79.2 77.5 77.0 76.9 76.9 76.7 76.2 76.2 75.6 75.4 75.0 79.1 j 79.4

Economic classes:Finished products do 82.0 80.5 80.2 80.0 80.2 80.2 80.1 79.9 79.6 79.2 79.1 8 1 9 82 3Raw m a ' c r a l s do 72.4 71.5 70.9 70.9 70.9 70.1 68.5 68.9 67.7 67.8 66.5 72.6 72.3Semimanufactures do 82.1 76.2 75.2 74.9 74.4 74.6 74.4 74.3 74.1 744 745 818 83 1

Farm products do 67.3 67. S 67.6 67.2 67.2 65.8 63.7 63.7 62.4 62.6 610 68 7 67*1Grains.. do 64.1 50.9 54.4 56.3 54.7 64.5 55.2 59.6 58.2 52.3 51.5 65 1 616Livestock and poultry. . . . . . . do 66.1 75.2 74.4 78.0 79.2 78.2 75.5 73.2 69.4 69 7 66 0 76 3 70 5

Foods _ . . .do 72.3 74.1 73.1 71.5 71.5 70.2 68.6 68.2 67.6 67.5 67.2 75.1 73*3Dairy products «. do 80.1 72.5 73.9 71.8 71.6 64.8 58.1 58.6 60.0 64 6 67 9 74 5 I 78 9Fruits and vegetables do 612 63.0 60.4 60.9 62.1 63.2 64.3 63.8 62.5 62 0 58.5 62 8 60 •>Meats . . . . . . d o 71.2 81.9 79.9 81.6 83.2 82.5 81.0 78.6 75.7 75.3 73.7 81.0 74.19

Commodities other than farm products andfoods - 1926=100.. 84.0 80.6 80.3 80.2 80.2 80.4 80.5 80.6 80.2 80.2 80.1 82 1 83 8

Building materials .do 93 0 89.2 89.4 89.5 89.6 89.8 89.6 89.5 89.5 89.7 89 6 90 9 92 8Brirkand t i l e . . do 91.6 91.5 91.5 92.4 92.4 92.5 93.0 91.7 91.1 90.6 90 5 9 1 0 9 1 5Cementf . do 91.3 90.6 90.6 90.6 91.2 91.5 91.5 91.5 91.5 91.5 91 3 91.3 91*3Lumber . . do 98.3 90.2 90.9 91.7 92.6 92.1 91.5 91.2 90.7 91.8 91.8 93.7 98.0

r Revised.1 Temporarily discontinued; for several of the series, European stocks have not been available since the outbreak of war.{Revised series. Combined index of world stocks revised beginning January 1920: see table 5. p. 17 of the January 1939 Survey. Cement price index revised be-

ginning 192fi and data not shown on p . 20 of the May 1939 Survey will appear in a subsequent issue; the building materials group and the combined index of all commoditieshave not been revised, as the effect of the change in cement prices on these indexes is small.

§Data for Dec. 15, 1939: Total 96, chickens and eggs 97, cotton and cottonseed 82, dairy products 118, fruits 65, grains 87, rreat animals 101, truck crops 96,miscellaneous 104.

85.172.478.485.986.196.7

929170107786611610892

76.8

89.1

96.288. 588.990.584.3

84.972.378.085.886.196.7

918871100816611611483

76.4

89.1

96.288.488.890.584.3

85.072.278.285.286.296.7

8770958267114102

76.6

89.1

9fi.O88.490.584.1

84.872.178.184.086.296.6

90857292857211211083

76.6

89.1

95.988.4

90.584.1

84.772.077.983.486.096.6

837394937310710581

75.185.276.3

89.1

95.988.488.990.684.0

84.971.978.183.886.396.9

73968066

107101

76.5

89.3

95.988.488.990.684.1

84.571.976.784.086.396.9

9071

1007064

101101100

75.1

89.5

96.088.489.090.784.1

85.972,280.784.486.597.0

10276

1077383

117114

75.786.979.0

90.2

96.188.689.591.784.3

'85 .872.6

' 80 .185.286.696.8

97108

74112

7377

11212894

78.4

91.2

96.388.790.492.784.7


1940 SURVEY OF CURftENT BUSINESS 21


1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

COMMODITY PRICES—Continued

WHOLESALE PEICES-Continued

U. 8. Department of Labor indexes—Contd,Combined index—Contd.

Commodities other than farm productsand foods—Continued.

Chemicals and drugs ..1926=100..Chemicals doDrugs and Pharmaceuticals doFertilizer materials do

Fuel and lighting materials doElectricity _._ doGas . . . doPetroleum products do. . . .

Hides and leather products._ doShoes _ doHides and skins ___ doLeather do

House-furnishing goods„_ doFurniture doFurnishings^ do

Metals and metal products .-doIron and steel doMetals, nonferrous doPlumbing and heating equipment

1926=100--Textile products do

Clothing . .do . . . .Cotton goods doHosiery and underwear doBilk and rayon . doWoolen and worsted goods do. . . .

Miscellaneous do.. . .Automobile tires and tubes do.._.Paper ani pulp. _ do

World prices, foodstuffs and raw materials:Combined indexf 1923-25-100..

Cotton doRubber do*...Silk... _...„ do. . . .Sugarf .—.doTea . . . ...do....T in . . . . do. . . .Wheat ._ -do

Wholesale prices, actual. (See under respectivecommodities.)

PURCHASING POWER OF THEDOLLAR

Wholesale prices- ..1923-25=100..Retail food prices ..doPrices received by farmers. _ . doCost of living.. __._ do

78.081.475 073 074.1

53 9104.0107 2101397. b88.482.394.296 096 085.1

79.376.483.874.864.847.790.577.055. 688.0

0)36 047 347.440.8

103.?

127.2128.4151. 5118.6

76.680.273 667.773.781.884.651.594.6

100.485.586.985.881.989.794.996.977.6

78.766.281.665. 159.930.376.473.058.881.5

37.533.538.025.228.866.092.042.3

129.9128.5156.5118.8

76.780.073.568.673.282.781.650.993.1

100.678.885.986.081.690.394.696.876.8

78.765.881.664.659.330.874.873.158.880.9

36.532.037.625.330.467.291.938.1

130.8127.2153. 1118.5

76.779.773.070.272.882.982.250.493. 1

101 278.485.085.480.590.194.496.476.7

78.765.981.564.359.132.174.573.258.881.0

37.232.736.926.531.366.792.339.3

130.9129.0156.5119.0

76.379.472.769.373.082.881.850 791.9

101. 172.884.285.280.589.8»4. 396. 176.5

79.266. 181.563.768.834.774.773.559.781.1

37.833.137.329.530 967.090.841.1

130.9130.215ft. 7119.5

76.579.972.269.773.180.382.250.991.8

101.273.882.785.280.589.794.396. 176.6

79.366.681.563.759.936. 175. 174. 160.581.3

37.333.138. 131.031.966.691.936.8

131.3130.9161.6119.8

76.079.371 969.673.481.484.151.990.9

101.268.382.885.481.089.694.096. 174.7

79.366.981.663.460.237.875.274.460.581.1

38.432.437.233.435.269.693.938.5

132.1130.5165.3119.6

75.979 471.969.77 3 979.386.052.591.6

101.372.183.185.581 089.893.595.773.1

79.367.581.763.360.240.775.474.260.580.4

41.335 337 637.640.56 8 997.540.4

132.1130.7163.4119.9

75.779.271.969.573.077.888.952.592.3

101.375.383.885.681.090.093.295.272.9

79.367.381.764.160.139.175.673.860.579.9

41.036.438 335.437.468.897 240.8

133.2131.1165.3120.0

75.078.271.867.572.878.189.052.292.5

100.876.984.185.681.090.093 295. 173.3

79.367.681.265. 160 240.275.473.460.579.9

39.635.738.737.037.767.596.534.3

133. S130.7165.3119.8

74.677.571.767.272.675.886.751.792.7

100. 877.284.085.681.190.093.295.174.6

79.367.881.565.561.539.575.573.360 580.0

38.034.639.036.932.774.397.032.4

134.2133.2166. 9120.3

77.381.272.869.272.877.587.253.398.5

101.897 492 086 681.391.794.895.584.7

79.371.781.770 462.843. 484.076.660.581.8

0)34.249 741.859.7

126.8

127.3126. 6140.9118.3

78.182.174.470.673.975.484.454.0

104.6105.7112.497.887.881.793.795.896.085.3

79.375.583.274.363.546.291 377.660.586.3

0)34.246.645.749.4

109.9

126.8127.6151.5

'118.5

CONSTRUCTION AND REAL ESTATE

C O N T R A C T AWARDS, P E R M I T S , ANDDWELLING UNITS PROVIDED

Value of contracts awarded (F. R. indexes):Total, unadjusted 1923-25=100..

Residential, unadjusted doTotal, adjusted _ do

Residential, adjusted doF. W. Dodge Corporation (37 States) :t

Total projects number..Total valuation thous. of doL.

Public ownership.. do.._-Private ownership __ ___do

NonresidentiaJ buildings:Projects number. .Floor area,. thous. of sq. ft..Vajuation -thous. of doL.

Residential buildings, a}\ types:Projects number. .Floor area. . . . thous. of sq. ft..Valuation. thous. of dol..

Public utilities:Projects number. .Valuation . . thous. of doL.

Public works:Projects number-.yaluation—. thous. of doL.

Building permits issued in 1,790 cities:fTotal buildings number. .Total estimated cost thous. of doL.

New residential:Buildings.. number. .Estimated cost- thous. of doL.

New nonresidential:Buildings number. .Estimated cost.. thous. of dol. .

Additions, alterations, and repairs:Buildings number...Estimated cost thous. of dol~

"65*63J>72

22,323299, 847143, 647156, 200

3,24215,41877, 769

17, 75631,009

116,588

35023,906

97581,584

60, 373174,501

17, 559105,400

11,91546,123

30,89922,978

85549656

17, 772301, 679178,948122, 731

3,58521,515

116,008

12,51523, 40595, 253

33019, 726

1,34270, 692

53,615148,480

14,12174,053

10,45951, 660

29.03522, 767

77489657

16,027389, 439279, 403110,036

3,49525, 503

139, 513

10, 41322, 72091, 539

50044, 312

1,619114,075

38, 247147, 791

11,05962, 767

6,96163,115

20,22721, 909

70458655

13. 281251. 673147,916103, 757

2, 45614. 35184, 999

9, 75019, 98180,163

25829, 509

81757,002

38, 902156,704

11,65270, 768

6,449dl, 399

20, 80124, 537

63517358

13,015220,197110.975109, 220

2,34812, 78369. 544

9,66919,17679,020

27318,518

72553,115

37, 721149, 572

11,47685, 719

5, 69037, 730

20. 55528,123

586955

20, 233300, 661127, 776172,885

3.59217, 94497, 786

15, 43830. 725

125, 225

25919, 640

94458,010

62. 303177,903

18, 63594, 374

10, 496

33,17230,643

76686758

22,282330.030159, 656170, 374

3,40016, 56394, 656

17, 38728, 382

114, 405

35, 336

1,17285, 633

62, 775165, 978

17, 69787,441

11, 52044,830

36, 55833, 706

75656355

23, 244308. 487134. 757173, 730

3.45712,70076, 749

18. 26232, 602

133,818

25121,779

1,27476,141

77,913204, 437

20,961119,600

13,71151, 162

43, 24133,674

21, 701288,316127,595160,721

4,05215,41892,845

15,94227. 502

111,896

234

1,47373,607

71,040202, 429

19. 22499, 775

12. 08570,974

39, 73131,680

21. 806299. 883136, 543163, 340

3,82317, 69188, 501

16. 28727, 181

109, 330

25423,092

1,44278, 960

64, 537185,019

17, 88496,114

11, 21459, 794

35, 43929, 111

76667367

23. 270312. 328158.459153,869

3,45312. 26869,882

18,00331, 165

127,163

32820,113

1,48695, 170

73,318197, 937

19. 697116, 260

13.03749,096

40,58432, 5S0

25,984323,227144,216179,011

3,65016,49082, 466

17,58932, 977

129, 680

35639,663

1,38971,418

67,618179,605

16,81887,308

13,05363,702

37, 74728,595

••72' 6 6••76

22,402261, 79991,604

170,192

2,74915,49472,684

17,13629,371

118,303

29420,450

1,22350,359

73,921173,649

19,57191,921

14,52152,745

39,82928,983

Revised. v Preliminary.* Temporarily discontinued; for several of the series, data have not been available since the outbreak of war.tRevised series. Data on world prices revised beginning 1920; see table 4, p. 17, of the January 1939 issue. For construction contract awards, see note marked with a

"t"cra p. 21 of the July 1939 issue. The data on building permits are based on reports from 1,790 identical cities having populations of 2,500 or more, and supersede those shownin the Survey through the issue of May 1939 which were for 1,728 cities in the same size group. The present series include data for 62 additional cities, but the total estimatedcost of permits issued was increased by only 0.2 percent in 1937. Data beginning January 1936 will appear in a subsequent issue of the Survey.



Monthly statistics through December 1937, to-gether with explanatory notes and referencesto the sources of the data may he found in the1938 Supplement to the Survey

1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April May June July August Septem-

ber October

CONSTRUCTION AND REAL. ESTATE—Continued

CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED-Con.

Estimated number of new dwelling units pro-vided in all urban areas:f

Total number..1-family dwellings— do2-family dwellings _ doMultlfamily dwellings do

Engineering construction:Contract awards (E. N. R.)1- thous. of dol..

HIGHWAY CONSTRUCTION

Concrete pavement contract awards:Total thous. sq. yd..

Roads doStreets and alleyscf do

Status of highway and grade crossing projectsadministered by the U. S. Bureau of PublicRoads:

Highways:Approved for construction:

Mileage no. of miles_.Federal funds .thous. of dol_.

TJnder construction:Mileage no. of miles..Federal funds thous. of doL.Estimated cost do

Grade crossings:Approved for construction:

Federal funds doEstimated cost _do

Under construction:Federal funds doEstimated cost do

CONSTRUCTION COST INDEXES

Aberthaw (industrial building) 1914=100_.American Appraisal Co.:

Average, 30 cities .1913=100..Atlanta doNew York _.doSan Francisco doSt. Louis do

Associated General Contractors (all types)1913=100.

E. H. Boeckh and Associates, Inc.:Apartments, hotels, and office buildings:

Brick and concrete:At lan ta . , . U. S* av., 1926-29=100_New York doSan Froncisco... _ ___do_._St. Louis _do.__

Commercial and factory buildings:Brick and concrete:

Atlanta „ do INew York „ doSan Francisco. do_. . .St. Louis do

Brick and steel:Atlanta „ _ do.._New York doSan Francisco - doSt Louis -do

Residences:Brick-

Atlanta d o . . . .New York doSan Francisco doSt. Louis _ do

Frame:At lanta . . _ .doNew York. doSan Francisco _.doSt Louis do

Engineering News Record (all types) §1913=100.

Federal Home Loan Bank Board:*Standard 6-room frame house:

Combined index 1936=100..Materials _ doLabor do

302,215

3,7182,4911,228

3,10035,315

6,746101,855205,183

10,18011,060

35,11236, 577

185173196173188

188

94.9130.9117.9118.7

97.2133. 7122. 5119.8

93.3130. 6118.0118.7

86.8124.3106 1110.9

83.7123. 3100.5107.9

238.2

106.5104.4110.8

22,06414,7811,0426,241

217,023

4,5832,0012,582

3,12236,231

7,968120, 453234, 256

13,93015,159

35,88336, 808

182169192166184

188

96.5130.1115.9119.1

98.4132.8120.9120.1

96.5129.3115.6120.5

87.4122.4105.4111.0

84.121.297.5

108.1

234.4

106.1103.2112.1

18,35511, 517

7966,042

339,250

4,2702,7651,505

3,39037, 677

7,514113,828221, 530

12,79413, 867

35,02336,026

189

182169192166184

96.1130.1116.0119.1

98.0132.8121.0120.1

96.2129.3116.2120.5

86.3122.4105.4111.0

83.1121.297.5

108.1

234.9

106.1103.1112.1

22,09613. 226'1,205' 7,665

311, 693

3,1902,0851,105

3,30636,294

7, 540113,466218,965

13, 57214, 587

36, 44037,932

183169192167185

188

95.3130.0117.6119.1

97.4132.6122.3120.1

96.0129.4117.7120.4

85.0122.5106.6110.7

81.6121.398.7

107.7

234.7

106.0103.0111.9

42,218

1,355,829

26,150' 12. 2*2'1.208

' 12,660

203,843

1,245686560

3,17735,968

7,721114,185221,046

13,61314,285

37,93039, 777

183169192167185

188

95.2130.1117.6119.1

97.5132.7122.3120.1

96.2129.2117.7120.4

85.7122.2106.6110.7

82.5121.198.7

107.7

234.3

106.0103.0112.2

41,224

1,400,212

28,51119 588' 1, 404'7,519

285, 566

2,143860

1,283

3,08134,969

7. 855115,212222,630

12,90613, 374

38, 81740,747

188

183169192167185

188

95.3130.0117.6119.1

97.4132.7122.3120.1

96.0129.4117.7120.6

85.0122.2106.6110.3

81.6121.098.7

107.2

234.4

106.1103.0112.4

63,486

1,450,575

26. 93719. 359' 1, 432' 6,146

240, 735

3,3852,0811,304

3,08135, 600

8,301120. 505233,772

12,10712, 529

40, 65442, 654

182168193169185

188

95.3130.0117.6119.1

97.4132.7122.3120.1

96.0129.5117.7120.6

85.0122.5106.6110.3

81.6121.498.7

107.2

234.9

105.9102.9111.9

64, 895

1,496,794

36, 46825,861'1,899' 8,708

252,992

4,4582,1792,280

3,61540,769

8,463122, 758238,637

10,22410, 583

43, 77145, 723

182168193169185

188

95.3330.6117.0118.6

97.6133.4121.4119.7

95.6129.8115.3118.5

86.1123.1104.7110.3

82.8121.998.7

107.2

234.7

105. 6102.7111.5

73, 701

1,546,237

30. 22421. 796'1,443' 6, 985

262,395

6,8554,2322,623

3,86741, 024

8, 570123. 554240, 218

11,31212,191

42, 29944, 094

187

182168193169185

187

95.4130.6116.9118.5

97.6133.4121.3119.7

95.7129.9114.7118.5

86.8123. 1104.7110.0

83.7121.998.7

106.8

235.0

105.4102.5in. 3

82, 322

1,607,147

28. 33721,601

1,2545,482

181, 469

5,7133,8201,893

3,70137,802

8, 522 8, 554124, 975 123,044244,860 242,924

33, 98923, 3461,4399,204

311,222

6,1613,9072,254

3,13034,254

11,50412, 414

40, 33642, 052

182168193169185

188

94.8130.9116.8118.3

97.2133.8121.2119.6

93.3130.2114.4118.2

86.5123.6104.7108.9

83.3122.198.7105.4

234.9

105. 3102.4111.3

10, 65411,437

38, 57940, 505

183168195169184

187

94.8130.8116.8118.4

97.2133.7121.2119.6

93.2130.2114.4118.3

86.1123.5104.7109.3

82.8122.098.7

105.9

234.9

105.2102.3111.2

52,603 62,269 62,008 74,216

7 1,658,306 1,723,357 i 1,776,784 ! 1,837,923

26,62418, 5971,5916,436

209,337

4,4653,0581,407

2,72330,821

8,386119,472237, 214

9,88810, 581

37,91939,756

191

184171195171185

188

94.6130.8116.8118.4

97.0133.7121.2119.6

93.0130.2114.4118.3

85.4123.5104.7109.3

81.9122.098.7

105.9

235.0

105.7102.9111.2

245.062

2, 6551,0671,588

2,82430,750

7,473110,543222,062

10,28310,909

35,43537,190

185173196173188

188

94.8130.8117.8118.6

97.2133.7122.0119.7

93.2130.5117.5118.5

86.0123.9105.4110.3

82.8122.899.8

107.2

236.9

106.1103.6111.1

REAL ESTATE

Federal Housing Administration, home mort-gage insurance:

Gross mortgages accepted for insurancethous. of dol__ 65,013 58, 250

Premium-paying mortgages (cumulative)thous. of dol_- 1,905,071 1,244,141

'Revised.§Index as of December 1, 1939, is 238.2.*New series. # For data beginning 1936, see table 30, p. 17 of the June 1929 Survey.tRevised series. Data on number of dwelling units provided revised beginning January 1937; the more significant revisions were shown in the footnote on p. 22 of the

September 1939 Survey. Further revisions beginning January 1938, which were occasioned by ^classifications, will appear when they become available.cFData for streets and alleys, formerly shown separately, are available in total only subsequent to December 193*.^ D t for December 1938 and March, June, and August 1939 are for 5 weeks; other months, 4 weeks.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

CONSTRUCTION AND REAL ESTATE—Continued

REAL ESTATE—Continued

Estimated new mortgage loans by all savingsand loan associations:!

Total loans thous. of doL.Loans classified according to purpose:

Mortgage loans on homes:Construction doHome purchase ___doRefinancing, _ _ doReconditioning do

Loans for all other purposes doLoans classified according to type of associa-

tion:Federal .thous. of doL.State members .doNonmembers do

Loans outstanding of agencies under the FederalHome Loan Bank Board:

Federal Savings and Loan Associations, esti-mated total mortgages outstanding

thous. of doL.Federal Home Loan Banks, outstanding ad-

vances to member institutionsthous. of dol_.

Home Owners' Loan Corporation, balance ofloans outstanding thous. of dol__

Foreclosures:Nonfarm real estate 1926=100..Metropolitan communities do

Fire losses thous. of doL.

86,076

26,60730,43415,4454,7208,870

34,78534,67116,620

1,252,559

168,822

2,043,288

136129

27, 248

64, 070

18,62721, 20512,1824,8217,235

24, 22026,11513, 735

1,020,873

189,685

2,186,170

165155

28,659

63,934

19,15220,82612, 8054,0257,126

25, 01926, 50412,411

1,034,162

198,840

2,168,920

159151

32, 758

55, 567

16, 09917, 50311,7493,3896,827

20, 89423, 07111, 602

1,040,770

178,852

2,149,038

154145

27, 615

58,309

16, 02719,11812, 5513,5937,020

22, 29824,19111,820

1,051,109

170,614

2,134,261

154138

29, 304

73, 378

21, 25424, 70514, 8714,2118,337

29,81130,12413, 443

1,067,887

161,614

2,117,598

173157

30,682

83, 425

23, 72729,90315, 3844,9749,437

33,40032, 56217, 463

1,089,879

157,176

2,105,824

164141

27, 062

89,123

26,64631,28915,6876,0699,432

36,35835,42617,339

1,117,228

157,911

2,091,324

186165

27,032

94,154

29,91932, 22817,1235,8029,082

39,09436,46518, 595

1,136,289

168,962

2,080,512

168161

24,191

85,172

26,86529,63815, 3535,1338,183

34,05534,14616,971

1,157,536

161, 537

2,067,844

159152

22,468

95,038

29,86332,28217,0055,9099,979

40, 64537,34017,053

1,186,784

159.470

2,059,792

153146

22, 792

89, 732

27,85431,36716,0215,5448,946

37, 09036,98915, 653

1,206,887

163, 687

2,054,865

147136

22, 837

93,297

29, 25533,38315,8355,7849,040

37,85437,84717, 596

1,231,685

168,654

2,049,421

'131120

24, 301

DOMESTIC TRADE

ADVERTISING

Printers' Ink indexes (with adjustment for sea-sonal variations):

Combined index 1928-32=100..Farm papers - doMagazines doNewspapers doOutdoor ..doRadio do

Radio advertising:Cost of facilities, total thous. of doL.

Automobiles and accessories .-doClothing doElectric household equipment... doFinancial . doFoods, food beverages, confections.—.doHouse furnishings, etc doSoap, cleansers, etc doOffice furnishings, supplies doSmoking materials doToilet goods, medical supplies._. doAll other do

Magazine advertising:Cost, total do

Automobiles and accessories doClothing doElectric household equipment doFinancial do.Foods, food beverages, confections doHouse furnishings, etc doSoap, cleansers, etc doOffice furnishings, supplies do_Smoking materials doToilet goods, medical supplies doAll other do

Linkage, total ..thous. of lines..Newspaper advertising:

Lineage, total (52 cities) doClassified doDisplay, total do.

Automotive... doFinancial doGeneral doRetail ._ .do

GOODS IN WAREHOUSES

Space occupied, merchandise in public ware-houses percent of total._

NEW INCORPORATIONS

Business incorporations (4 States) number..

POSTAL BUSINESS

millions..Air mail:

Pound miles performedMoney orders:

Domestic, issued (50 cities):Number thousands..Value thous. of dol_.

69.382.079.9

8,03664134098

2,729459250

1,1532,163247

13,8262,164755337400

2,103874382203704

2,4743,4292,255

113,45720,19493,2644, 5371,37618,470

1,850

4,15038,553

83.665.782.079.965.9257.6

6,71360018026

2,157396740

8611,990349

13,4122,142689312426

2,143679363225829

2,2103,3942,251

113,54720, 23393,3146, 60S1,449

18, 74966, 509

70.9

1,793

1,252

4,06737,996

88.070.378.886.071.0

261.7

6,754626

100

212,301

39653

0853

1,977273

11,5291,295

531470299

1,931509234266755

1,8153,4241,658

118. 09620,37297, 7233.5811,574

14. 02878, 540

69.5

1,943

1,431

4, 65442, 202

76.457.672.671.572.2

273.6

7,023647

250

412,318

49714

0836

2,045348

8,0231,186

27267

3201,457

194211122654

1,2662,2741,929

87, 41819, 55667, 8612,4462,301

12, 77150,343

70.8

2,210

1,244

4,23439, 227

79.559.978.474.273.8265.6

6,56761733053

2,194396910

7961,859285

11, 5361,475495195376

2,099377500148591

2,1833,0962,294

86, 65118,31868,3333, 4581,40314,02449,448

70.4

1,821

1,221

4,14036,900

84.456.480.479.882.0

262.7

7,404747

500

642,601

38818

0885

2,020281

14,2432,153

829395431

2,255636421220748

2,5373,6172,591

111,81522. 14789, 6694,7681,695

17,41465,792

70.4

2,226

1,447

4,66241,891

82.266.280.676.089.0

253. 3

6,678657

250

542,241

39746

0870

1,781264

16,8182,9971,020

808508

2,1801,025

468203684

2,5084,4192,715

111, lfiO22, 82488, 3356,0552,105

17, 65562, 520

70.2

1,874

1,356

4,17138,119

84.469.080.378.090.5

290.8

7,034745

660

742,277

65857

0921

1,844186

16,7152,854

921757435

2,0131,035

471233692

2,2494,0562,356

112,37722,69289,6856,0751,615

18, 53863,456

70.4

2,190

1,435

4,24839,229

85.565.082.079.876.6

329.7

6,471640

370

1292,101

18792

0887

1,718148

13, 2792,616

715603486

1,893759454100636

2,1873,2311,796

105,08621, 78583,3015,3451,663

17,40858,886

70.7

1,712

1,427

4,17038,165

81.761.880.074.089.8337.7

5,813496320

971,669

23771

01,0001,583

141

10,1311,635

246170337

2,07226631164

6221,9012,5071,625

85.40720, 57064,8383,4962,12013, 99945, 222

70.2

1,724

1,386

3,90736,858

84.870.178.579.176.6355.6

5,859520580

1091,657

238180

1,0481,498128

8,3871,03340558245

1,695215370123431

1,5582,2531,784

90, 52621,11569,4103,5121,34912.52752,022

i9.9

1,718

1,486

3,90637,098

82.666.172.877.483.5333.7

6,089558750

1021,860

488130

9691, 538126

11,8161,322989213352

1,744628411327593

2,0293,2092,182

101,93720, 88481, 0533, 0671, 278

15, 04561, 663

69.4

1,471

3,90737, 262

82.865.878.177.775.8298.4

8,014648720

1072,608

629230

1,1702,150273

14,9242,3121,136392414

2,2061,086403204665

2,4223,6832,378

119,61222, 39397, 2206,4361,767

19, 82469,192

70.4

1,787

4,28839,723

r Revised.tReviscd series. For revised data on estimated new mortgage loans by all savings and loan associations, 1936-37, see table 12, p. 16, of the March 1939 Survey.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

DOMESTIC TRADE—Continued

POSTAL BUSINESS—Continued

Money orders—Continued.Domestic, paid (50 cities):

Number thousands.Value.. thous. of dol.

Foreign, Issued—value _-do.-.Receipts, postal:

50 selected cities do.._50 industrial cities do. . .

RETAIL TRADE*

Automobiles:Value of new passenger automobile sales:

Unadjusted 1929-31=100..Ad justed do

Chain-store sales:Chain-Store Ape Index:

Combined index (20 chains)av. same month 1929-31=100..

Apparel chains __.doGrocery chain-store sales:

Unadjusted 1929-31=-100..Adjusted do

Variety-store sales:Combined sales of 7 chains:

Unadjusted doAdjusted. do

H. L. Green Co., Inc.:Sales.. _ thous. of dol..Stores operated number..

8. S. Kresge Co.:Sales. thous. of dol..Stores operated number_.

S. H. Kress & Co.:Sales. thous. of dol..Stores operated number..

McCrory Stores Corp.:Sales thous. of dol..Stores operated number._

G. C. Murphy Co.:Sales thous. of dol..Stores operated „ number..

F. W. Woolworth Oo.:Sales thous. of dol..Stores operated _ ..number..-!

Restaurant chains (3 chains):Sales thous. of dol..Stores operated number..

Other chains:W. T. Grant & Co.:

Sales thous. of dol. JStores operated number..

J. C. Penney Co.:Sales _.___ thous of dol..Stores operated number. .

Department stores:Collections:

Installment accountspercent of accounts receivable..

Open accounts . . doSale^. total U. S., unadjusted...1923-25 = 100..

Atlanta doBoston doChicago. _ doCleveland do.___Dallas doKansas City..... 1925=100.Minneapolis 1929-31 =100New York _..1923-25 = 100..Philftd^lphlat do. . .Richmond doSt Louis doSan Fr»nciscof ..do

Sales, total U. S., adjusted doAtlanta doChicago.. __ do. I "Clevelandt doDallas . . doMinneapolist 1929-31=100New York. 1923-25=100..Philadelphiat-— doSt. Louis do . . . .San Franciscof do

Installment sales. New England dept. storespercent of total sales -

Stocks, total U. S., end of month:Unadjusted 1923-25 = 100Adjusted.. _ _..do

Mail-order and store sales:Total sales. 2 companies thous. of dol__Montgomery Ward & Co doSears. Roebuck & Co.... do

14,385108,449

32,4463,058

107.7102.6

117.0132.0

109,0109.0

108.1106.5

3,066133

12, 356685

7,295240

3,622201

4,2192U2

29, 9522, 019

0)0)

9,316494

28, 2161,554

48.717.71051428899107117889711595130102105941259010010494977887100

10.4

108, 00547, 76460, 330

14. 028106. 0972,280

31,4263,568

99.1100.0

109.5121.2

96.796.7

102.2100.2

2,819133

11,972

6,613238

3,186200

3,594201

25, 2952,018

3,275336

' 8,634489

' 27, 2081,539

17.047.1

99126869693

1188996

10682

11895

10889

1118887

1059389

'6782

103

10.3

7867

93,51042. 29551,215

15, 793113,8417,717

42, 4705,154

96.192.5

112.9127.0

101. 198.1

193.6104.9

5,952133

24,114687

14,429238

7,003200

7,223201

50. 3792,017

0)0)

17, 996491

38,9281,539

17.246.415620313815715218215114716412720914317089119948910596

4 917087100

7.1

62

125.70657. 0*568. 622

12.93994, 1762,142

28. 5373,667

70.891.0

107.5118.0

93.596.4

73.698.7

133

8,801680

5,055238

2, 535202

2,686201

19, 6532,014

0)0)

5,531489

16, 5231,539

16 447.1

6991646967876775684977698188

115

1149486688799

11.6

6067

58. 32024, 76933, 551

12. 37188. 7342,027

27, 7103,493

71.296.0

108.8112.7

79.795.5

1,959132

9, 058681

5,163238

2,738202

2,752201

20,6862,011

0)(J)

5,748489

14,6131,540

16.243.969101546771896463715275688387115849010587

'876879

11.8

65

59. S6524. 96434, 901

15,307109, 9803,170

33, 4783,979

106.788.0

109.8130.0

100.599.5

85.0

2,442133

10, 606683

5,969238

3,196202

3, 205201

23,1042,012

7,164489

18, 7361,542

18.646.682116689282998797806510582

90105

99

10.2

85, 49735. 73049, 768

13,16495, 8992,079

29, 8303,618

106.379.5

110.0117.6

102.099.0

97.697.1

2,869133

11,940683

6,315239

3,648202

3,848201

25,9192,008

0)0)

8,376489

21,2811,544

17.245.3881197589921048297866710289

11586871049589688698

8.5

67

92,83141, 59551, 236

13, 72499, 7572,066

30,9223,687

107.179.0

110.0119.0

102 9101.4

96.396.3

2,733133

11,401682

6,818239

3,300202

3,741201

24, 7252,005

0)

8,496491

22,2331,545

17.346.9871187589891058694857011586938511688831059488718697

9.0

66

101,93642, 32359,613

13,918101, 3452,210

20, 7913,587

101.279.0

111.0118.0

100.899.3

95.8100.8

2,712132

11, 293683

6,406239

3,420202

3,758201

24, 6622,013

0)0)

493

22, 2351,543

16.746.883108

82907495876510575888611991841019590668297

7.7

6467

98.07041, 30256, 768

12,14291, 7092,069

25, 4643,271

87.580.5

113.0126.0

97.699.6

91.3102.6

2,502132

10, 369

6,225240

3,158201

3,564201

24, 3402,015

0)0)

7,298493

19, 5021,544

16.045.36088496163726169634673628186126858610397896790

9.5

6067

77, 39333, 45243,941

13,13099, 4982,205

28, 2333,540

63.776.5

113.0124.0

99.0103.1

89.5101.1

2,446133

10, 578683

6,490240

3,136200

3,470201

24,1232,014

0)0)

7,210494

20, 6931,548

16.843.66911455777383798967

' 50867094891469588107102906794100

15.5

6567

87, 25738, 99848, 259

12. 62497, 3761,895

30. 0383,413

56.583.5

114.5127.0

107.2109.4

'96.1'100.6

2,785133

11, 513683

6, 596240

3, 354200

3.789'201

25,8102,015

(00)

8,235495

26,1381,552

17.244.0

97133831029611590

1169774

118

911429892104104937492

'95

11.1

107, 49344, 74362, 751

14,152109, 016

1,833

31,9603,788

'96 .5'93.7

'113.3125.0

106.91106.4

' 102. 9'101.4

2,855133

11,938682

240

3,431200

4,090202

26, 5302,018

0)(J)

8,733495

28, 7221,553

17.747.0

99138' 8 5

11694

11610480

13296

1 10390

1168994

10397

' 9 16985

12.4

7769

122,19154,967, 246

Revised. Preliminary.1 Discontinued pending receipt of revised data from one cooperator.• Reports showing percentage changes in sales of chain drue stores and chain men's wear stores are available from the Washington. D. C , office of the Bureau of Foreign

and Domestic Commerce The Bureau of the Census has available percentage changes for (1) Independent stores in 27 States and 4 cities, by kinds of business, (2) Whole-salers' sales by kinds «»f business, (3) Manufacturers' sales, by kinds of business

tRevised series. Indexes of department store sales in San Francisco area revised beginning 1919; see table 3, p . 18 of this issue. Seasonally adjusted indexes of depart-ment store sales revised beginning 1934 for the Minneapolis district and beginning 1929 for the Cleveland district; see tables 5 and 4, p . 18 of this issue. Indexes of depart-ment store sales in Philadelphia revised 1923-37; revisions will appear in a subsequent issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April May June July *«*** temper

Octo-ber

DOMESTIC TRADE—Continued

RETAIL TRADE—ContinuedRural sales of general merchandise:

Total U. S., unadjusted 1929-31=100_.Middle West doEast .do.South. doFar West do.

Total U. S., adjusted! do.Middle Westf do.Eastf do.Southf— do.Far Westt do.

159. 7142. 81G7.0208.2164.7122.7108.9129. 5151.6135. 8

147. 2135.7144.1177.8161.5113.1103. 5111.8129.5133.1

183.0166.4195. 9202.8211.0114.8106.7117.6135.0129.3

91.384.187.8

111. 3100.2120.0109.9115.6140.7136.4

100.189.107.9

134.8105.7123. 7112.1119.8147.8142.9

115.0105.2118.6141. 5118.5131.0118.7132.0156.6144.0

* 120.2110.2116.6144.8125. 8130.8118.0122.4164. 3140.9

120. 5113.3118.8137.6131.8131.2119.6129.1162. 2146.6

120.0109.9122.8133. 3137.3131.7116.4133.8165.8144.1

91.181.888.3

103.8115.2124.8110.9124.1152.8140.5

107.299.1

105.8111.7134.6131.1120.1132. 7155.0146.1

132.6116.3126.4165.6162. 3125.4113.5128.6150. 0138.7

160.3143.9155.4215.4166. 5123.4113.3120.7145. 4138.7

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENT I103.898.1

110.9

121.8106.3

75.9100.773.196.665.6

111.2

124.6

100.4

112.6

95.4179.8113.1137.285. 864.6

110.2102.3101.7109.2

122.2137.6125.4123.7314.0129. 6146.5107.992.589.7

117.5115.394.074.6

108.0100.9118.866.4

103.497.2

110.6

122106

7610372.39266

110.7

128

100

119

95161

109.813785.264110

100.799

93.382.9

89.5

93.188.8

60.188.964.784.158.6

89.6

101.0

83.9

83.0

76.5131.394.9

106.177.356.398.092.3

101.9103.1

114.6119.3117.1120.1299. 9127.6145. 3102.390.487.8

112.3105.982.365.6

100.291.5

115.368.392.882.1

89.1

93

6091

64.08059

89.2

104

83

87

7711791.910676.85098

90.6

94.083.8

90.2

94.490.8

61.388.463.784.457.0

91.9

110.3

84.6

84.8

79.3130.494.5

105. 876.255.199.096.9

106.8103.8

114.3119. 0117.1119.2298.4123.8144.2104.094.392.3

113.2106.383.566.7

101.993.8

115.566.694.483.7

90.9

9591

6293

65.08359

91.7

110

85

88

79123

93.1106

77.85799

93.2102

92.282.3

88.8

94.289.2

61.187.061.480.755.0

91.5

116.4

82.8

86.6

79. 4119.891.7

103. 871.952.595.396.6

106.1101.7

113.2117.5116. 5118. 2300.3116.9141.0101.499.097.7

110.6105. 581.366.6

100.992.8

114.460.594.684.4

90.7

9589

6394

65.78460

92.3

114

84

92

80126

93.3105

79.661

10094.1

102

93.683.3

90.0

94.887.6

63.487.962.083.355.0

93.5

127.0

84.3

80.0

80.9113.293.1

104.472.151.795.296.8

104.4103. 5

113.4118.1117.2117.5305.9114.2142.296.1

103. 0102.4111.0106.381.565.6

104.694.1

123.963.794.384.2

90.4

9487

6695

65.18559

94.0

123

85

91

81129

93.4104

77.45995

92.998

94.384.1

91.3

95.687.4

65.689.862.183.455.0

94.6

130.5

85.9

93.2

81.6109.393.8

104.875.153.496.496.5

103.8104.0

116.0118.6119.7117.4303.8115.4142.894.0

103.9103. 8111.1105.982.866.7

104.993.1

127.060.994.083.7

90.7

9487

6795

63.28556

94.8

124

86

91

82130

93.4104

77.45895

91.297

94.184.8

91.3

95.785.0

66.392.763.982.458.0

95.0

129.4

86.8

95.7

82.0104.592.9

103.978.557.697.896.1

101.8103.0

116.6117.0122.5117.2302.4117.6142.793.3

100.299.6

111.1106.382.166.7

101.990.7

122.863.193.883.9

90.5

9584

6796

64.28557

94.9

122

87

91

82124

93.2103

77.95897

91.196

93.084.0

90.2

94.680.1

66.593.665.081.460.2

94.9

122.8

86.6

97.4

82.1106.592.0

104.778.557.697.491.293.3

101.6

112.9116.5123.4118.1295.7120.5146.196.992.591.0

111.2106. 781.266.799.490.3

115.664.293.382.9

89.6

9480

6795

64.88459

94.4

119

86

93

81121

92.8104

75.45596

87.289

i93.484.6

90.4

95.772.1

67.197.766.383.260.9

95.6

118.7

86.5

99.0

82.6119.991.3

104.280.561.399.090.891.6

101.8

109.8116.5124.3120. 5286.2127.2147.499.494.192.5

109.8106.180.166.298.089.6

112.665.294.383.9

90.3

9672

9565.385

59

95.4

118

87

95

8312292.810577.557

Factory, unadjusted (U. S. Department ofLabor) f 1923-25=100-

Durable goods . do._-Iron and steel and their products, not

including machinery 1923-25=100--Blast furnaces, steel works, and rolling

mills 1923-25 = 100-_Hardware do..Structural and ornamental metal work

1923-25=100-Tin cans and other tinware do_._

Lumber and allied products.-_„ d o . . .Furniture doLumber, sawmills do.__.

Machinery, not including transportationequipment 1923-25=100—

Agricultural implements (including trac-tors) 1923-25=100..

Electrical machinery, apparatus, and sup-plies 1923-25=100..

Engines, turbines, water wheels, andwindmills 1923-25 = 100.-

Foundry and machine-shop products1923-25=100--

Radios and phonographs doMetals, nonferrous, and products do

Brass, bronze, and copper products.doStone, clay, and glass products do

Brick, tile, and terra cotta doGlass do.

Transportation equipment do.Automobiles do.

Nondurable goods do.Chemical, petroleum, and coal products

1923-25 = 100..Chemicals doPaints and varnishes do.Petroleum refining do.Rayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing do

Leather and its manufactures doBoots and shoes do

Paper and printing doPaptr and pulp do

Rubber products doRubber tires and inner tubes do

Textiles and their products doFabrics doWearing apparel do

Tobacco manufactures doFactory, adjusted (Federal Reserve)! do

Durable goods doIron and steel and their products, not

including machinery 1923-25=100..-Blast furnaces, steel works, and rolling

mills 1923-25=100-Hardware doStructural and ornamental metal work

1923-25=100-.Tin cans and other tinware do

Lumber and allied products doFurniture doLumber, sawmills do

Machinery, not including transportationequipment 1923-25 = 100--

Agricultural implements (including trac-tors) 1923-25 = 100..

Electrical machinery, apparatus, and sup-plies 1923-25=100--

Engines, turbines, water wheels, andwindmills 1923-25=100-

Foundry and machine-shop products1923-25=100-

Radios and phonographs doMetals, nonferrous, and products do._—

Brass, bronze, and copper products.doStone, clay, and glass products do

Brick, tile, and terra cotta doGlass .___do

Transportation equipment doAutomobiles do

••Revised.fRevised series. Rural sales of general merchandise adjusted for seasonal variations revised beginning January 1934; see table 37, p. 17, of the August 1939 issue. Data

for employment and pay rolls without adjustment for seasonal variations beginning 1933 and for the entire series on employment adjusted for seasonal variations have beenadjusted to the Census of Manufactures for 1935 and 1937. For total, durable, and nondurable goods indexes, see table 42, p. 17, of the October 1939 issue and tables 1 and 2,pp. 15-16, of the December 1938 Survey. For individual industries and industrial groups, data from 1935 to date are available upon request. Earlier figures are correct as shownin tables 76 and 77, pp. 13-18, of the November 1938 issue.

200349-40 4

93.583.0

89.7

95.369.0

68.8100.266.784.3Cl.l

95.7

113.0

86.8

96.2

82.6129.691.3

104.079.761.596.379.976.4

103.5

110.4117.1122.2121.8297.0135.0147.8100. 799.799.1

110.1105.878.766.698.191.1

109.565.495.384.7

9 0 6

9670

6795

66.08660

96.1

115

87

95

83131

94.6106

78.45898

90.090

96.383.9

92. 3

97.075.6

71.5107. 468.787.562.7

96.8

114.4

87.8

96.8

84.1135.994.7

107.780.861.898.575.270.4

108.1

109.2119.1122.1122.7255.1147.0146.9100.2100.7100.3110.9107. 082.668.3

103.593.1

122.166.696.085.5

92.5

9778

6998

66.48660

97.3

121

88

97

85126

96.2109

78.15799

89.690

' 100. 2'89.7

'97.1

101.1'94.2

73. 8107.0' 70.0

90.7'63.4

100.3

116.1

92.2

99.2

'85.8150.1

' 100. 3115. 2'81.7

63.2100.9'96.9'98.5110.2

117.7123.6122.1123.1300.2150.7148.0101.397.896.5

113.2108.886.070.0

104.593.5

124.866.497.388.5

95.7

10184

7197

67.48761

99.7

123

92

99

86129

99.2115

79.059

10098.2

100

103.6'96.1

' 106.8

115.1'99.7

76.3' 106. 4

'• 72. 4'94.6' 65. 5

' 106. 6

117.8

97.3

105.2

'91.2' 176.5'110.4

131.1'84.8'64.8106.9

' 105. 0' 107. 4'110.7

122.0133.6125.1

' 122. 7'310.8' 137. 5' 148.0

102.7'96.2'94.1

' 116.5' 113.6

'92.4'73.6

' 108. 3' 98. 8

' 124. 766.7

' 101.2'94.5

' 105.9

115'99

75104

69.48963

' 105. 7

125

97

108

91145

' 107. 0130

'82 .061

'106' 105. 3

107




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT—Continued

Factory, adj. (Federal Reserve)!—ContinuedNondurable goods 1923-25= 100—

Chemical, petroleum, and coal products1923-25=100-

Chemicals do —Paints and varnishes _ _doPetroleum refining doRayon and allied products do —

Food and kindred products._ _ . do . . .Baking doSlaughtering and meat packing do

Leather and its manufactures doBoots and shoes _ do

Paper and printing doPaper and pulp do

Rubber products _ do —Rubber tires and inner tubes do

Textiles and their products doFabrics . . d oWearing apparel do

Tobacco manufactures do —Factory, unadjusted, by cities and States:

City or industrial area:Baltimore - 1929-31—-100Chicago —1925-27=100—Cleveland 1923-25=100-Detroit doMilwaukee _ „ 1925-27=100..New York __doPhiladelphia! . 1923-25=100Pittsburgh! d o .Wilmington! do

State:Delaware! doIllinois —. 1925-27=100-Iowa! 1923-25—100Maryland 1929-31 = 100Massachusetts 1925-27=100..New Jersey! 1923-25=100New York 1925-27=100Ohio 1926—100Pennsylvania! 1923-25=100Wisconsin! 1925-27=100..

Nonmanufacturmg, unadjusted (U. S. Depart-ment of Labor):

Mining:Anthracite 1929=100Bituminous coal _ do _.Metalliferous. doPetroleum, crude, producing doQuarrying and nonmetallic do _.

Public utilities:Electric light and power, and manufactured

gas . 1929=100—Electric railroads, etc doTelephone and telegraph .do _.

Services:Dyeing and cleaning . . do ._Laundries doYear-round hotels . do

Trade:Retail, total . . . . _ do

General merchandising doOther than general merchandising.do

Wholesale do __Miscellaneous employment data:

Construction employment, Ohio._1926=100-_Federal and State highway employment:

Total numberConstruction (Federal and State)..doMaintenance (State) do

Federal civilian employees:United States do

District of Columbia/ doRailway employees (class I steam railways):

Total thousandsIndex:

Unadjusted. _ 1923-25=100_.Adjusted _ ._ do

Trades-union members employed:All trades percent of total

Building doMetal do . .Printing doAll other _ . doOn full time (all trades) do

LABOR CONDITIONS

Average weekly hours per worker in factories:National Industrial Conference Board (25 in-

dustries) ! hoursU. S. Department of Labor (87 industries)!

hours. _

109.2

121.0137127123311

129.4145106

99.899

115.8115

93.175

107.899.9

120. 663.1

101.880.395.7

105.9102.795.987.891.189.6

98.287.7

105.580.5

107.491.397 091.492.1

52.295.166.563.647.0

93.469.774.8

99.195.692.4

89.8109.884.592.7

44.0

227, 233112,816114,417

58.157.7

897588929272

39.1

103.1

113.3119118120297

127.4144100

97.696

110.6106

81.466

100.090.5

116.965.0

86.569.680.697.689.086.178.571.875.2

84.375.3

127.9'90.9

72.693.080.384.979.281.5

51.088.661.968.344.4

91.969.574.4

102.593.792.5

86.9104.582.389.8

35.2

341,832138, 512203, 320

869, 389119,107

977

53.853.4

846876888964

'36 .7

'36.6

104.7

113.7120119119297

128.8144100

98.197

111.1106

82.967

102.292.3

120.065.6

87.270.682.3

102.992.486.981.072.379.6

88.276.1

131.091.673.894.081.386.480.282.4

51.389.362.367.841.4

91.469.474.3

97.993.492.0

98.1144.186.090.0

32.0

266,629103,491163,138

919,161120,852

961

52.854.2

856778888965

36.6

'37.3

104.4

113.6119119119297

128.814498

98.998

111.0106

81.467

101.991.9

119.565.9

84.869.781.8

100.890.685.479.871.080.3

89.075.2

127.689.473.092.880.084.978.480.6

50.088.762.667.038.3

90.069.274.1

94.293.391.8

82.290.780.088.3

28.7

201, 30773,116

128,191

864,342120, 229

948

52.254.4

846578888965

36.6

' 36.6

103.9

112.9120118119301

125.714496

99.098

111.1106

81.466

101.891.7

120.264.8

86.770.481.899.393.689.181.571.981.8

90.576.8

128.092.474.693.881.986.080.282.7

52.288.660.966.437.9

89.669.373.3

92.192.892.6

81.588.879.687.9

28.6

176,07958, 815

117, 264

875, 541120, 445

958

52.754.8

856679879066

36.8

'37 .1

103.8

113.4120120119299

127.314496

99.298

111.4106

82.267

101.091.0

119.261.4

89.270.682.397.794.890.581.172.683.0

91.477.8

129.094.574.894.282.787.180.483.6

51.787.461.066.240.1

89.669.573.4

95.492.992.7

83.893.281.387.4

32.4

169,15558, 622

110, 533

879, 504120, 873

966

53.154.6

866882889167

36.9

'37.3

103.3

114.2118121118309

127.014496

97.797

111.5106

81.367

99.690.2

116.464.5

90.369.882.296.094.588.081.073.184.4

93.177.6

131.195.573.193.782.086.680.183.7

53.025.961.565.843.0

90.369.174.1

102.293.593.2

85.596.982.587.3

35.0

187, 52378, 394

109,129

885,766122,003

967

53.253.6

877183909169

36.8

'36.7

103.3

114.4117119119302

128.414698

93.792

111.5107

81.167

99.891.0

115.265.1

91.770.081.862.492.985.580.171.783.9

92.877.6

131.995.871.694.380.485.278.884.5

52.647.961.966.145.6

91.069.674.7

107.095.593.9

85.796.882.887.2

43.0

220,923104,804116,119

903,112122, 792

974

53.653.0

887583909170

36.5

'36 .9

104.2

113.1117120120295

129.4147100

97.196

111.1106

80.866

101.292.0

117.565.5

91.770.581.486.794.383.681.173.681.0

90.078.1

133.295.871.295.480.985.579.786.9

51.278.361.667.047.3

92.369.975.3

110.198.792.8

86.497.483.588.1

43.6

252,316130, 743121,573

925,982123, 541

1,010

55.654.4

897884909270

'37 .1

'37 .3

105.4

113. 6115122121298

127.9147101

98.798

111.8106

79.767

104.194.5

121.165.7

92.670.980.359.592.283.181.973.478.1

89.078.3

129.296.773.394.480.684.780.989.2

44.779,460.467.347.5

93.269.775.4

106.5100.090.3

83.691.781.587.9

50.0

264, 502138. 345126,157

928,195124,015

1,019

56.154.7

887684909170

'37 .1

'36.7

105.9

111.7119125122254

129.7146101

97.496

112.0107

83.668

104.995.4

121.465.2

93.872.282.889.494.391.183.176.475.6

93.780.7

' 129. 390.575.597.784.087.282.590.0

'48 .5'81.4'60.4'66.7'48.1

93.869.8

'75 .5

' 102. 7'99 .1'89.8

82.589.880.689.0

48.0

274 949142, 788132,161

933, 386124, 634

1,022

56.354.9

887585899271

37.9

38.0

105.7

116.2122123122297

128.1146102

96.895

112.8109

86.170

103.694.2

120 464.4

98 774.390 0

107 198 095 383 779 279.9

99.982 3

r 129 4101 5

' 76 8100 187 591 1

' 83 790.9

' 85 4'62 9

65 0'47.9

' 93 7'69 8

75.3

105.2r 97 g'91 .3

87 3100.183.9

r 90 5

48.0

277 703142, 868134,835

940,130125,902

1,039

57.155.9

897586909371

38.2

'38.0

' 107. 6

'119.7132125122309

' 126. 8146103

'97.4'96

' 115.0114

91.274

' 106. 2'97.8120 463.5

'101 078.593.3

102 496 297.8

' 88.087 986.9

98.686 0

132 4' 104 8

' 80 2105 090 695 9

'90 089.4

51 9'93 2

65.4'64 4'47.8

' 93. 5' 70 0'75.2

105.1'96 1'92 .8

' 88 5' 103. 6'84 .5'92 5

'48.0

262 760133, 904128, 856

937, 357126, 471

1,075

59.157.5

897488909372

39.0

39.1

' Revised.!Revised series. Iowa employment revised beginning July 1937; revisions aje shown on p. 26 of the March 1939 Survey. Wisconsin employment and pay rolls have been

adjusted, beginning 1929, to trends indicated by Census data. Indexes not shown on p. 26 of the November 1938 Survey will appear in a subsequent issue. Other Stateand city employment indexes revised beginning with the year specified: Philadelphia, 1932; Pittsburgh, 1932: Wilmington, 1931; Delaware, 1931; New Jersey, 1931; and Penn-sylvania, 1932; data not shown on p. 26 of the December 1939 Survey will appear in a subsequent issue. For data on factory employment, adjusted (Federal Reserve), revisedsee footnote marked with a " !" on p. 25. For U. S. Department of Labor average weekly hours per worker in factories, see note marked with a " t " on p. 29. National In-dustrial Conference Board data relating to factory weekly and hourly earnings and to weekly hours per worker have been revised beginning 1934 ;see table 2 p. 18 of thisissue. '


JANUAKY 1940 SURVEY OF CURRENT BUSINESS 27


1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber


LABOR CONDITIONS-Continued

Industrial disputes (strikes and lockouts):Beginning in month number..In progress during month doWorkers involved in strikes:

Beginning in month thousands..In progress during month do

Man-days idle during month __doEmployment operations (Social Security

Board) :1Applications:

Active file thousands.-New do

Placements, total doPrivate do

Ratio of private placements to active filepercent-.

Labor turn-over in mfg. establishments:Accession rate_-_ino. rate per 100 employees..Separation rate:

Total doDischarge , doLay-off doQuit do

PAY ROLLS

Factory, unadjusted (U. S. Department ofLabor)t 1923-25=100..

Durable goods doIron and steel and their products, not in-

cluding machinery.... ..1923-25=100..Blast furnaces, steel works, and rolling

mills,. 1923-25=100--Hardware doStructural and ornamental metal work

1923-25=100--Tin cans and other tinware do

Lumber and allied products doFurniture doLumber, sawmills do

Machinery, not including transportationequipment 1923-25=100--

Agricultural implements (including trac-tors) 1923-25=100--

Electrical machinery, apparatus, andsupplies 1923-25=100-.

Engines, turbines, water wheels, andwindmills 1923-25=100.

Foundry and machine-shop products1923-25=100..

Radios and phonographs doMetals, nonferrous, and products do

Brass, bronze, and copper products-doStone, clay, and glass products do

Brick, tile, and terra cotta.. __doGlass do

Transportation equipment doAutomobiles do

Nondurable goods doChemical, petroleum, and coal products

1923-25=100--Chemicals doPaints and varnishes doPetroleum refining doRayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing do




Textiles and their products doFabrics . doWearing apparel do

Tobacco manufactures doFactory, unadjusted, by cities and States:

City or industrial area:Baltimore 1929-31 = 100..Chicago 19?5-27=100__Milwaukee doNew York doPhiladelphia! . 1923-25=100..Pittsburgh! doWilmington t do

State:Delawaref doIllinois 1925-27=100..Maryland ...1929-31=100..Massachusetts... _ .1925-27=100..New Jerseyt... 1923-25=100..New York.. 1925-27= 100..Pennsylvania!- 1923-25=100..Wisconsin!..__ 1925-27=100..

P 1659 290v 429 125

9 1,600

0)

4.10

2.95.151.97.83

101.8101.2

127.2118.7

66.9104.968.885.761.1

117.3

140.5

109.7

142.3

94. 5170.1115.0156. 778.354.2

120. 6107.7109. 0102.4

133. 0161.5132. 0138.1310.7125. 2137. 0112. 571.765.3

114.1124.7100.086.292.991.689.362.9

128. 267.5109.487.485.695.283.7

92.977.8127.978.9

106.487.890.199.4

207372

4375558

7, 529503251178

2.4

4.24

3.14.102.44.60

84.477.6

81.0

84.396.4

48.688.855.968.550.0

83.2

101.7

89.1

65.9117.387.0103.967.342.3103. 595.6107.692.1

118.3130.4116.0133.7277.1120.6132.9106.966.460.0104.5103.083.073.380.578.479.361.8

96.855.989.976.070.461.465.5

74.262.698.766.383.672.967.081.6

177310

3862513

7,216477230161

2.2

3.22

3.88.09

3.21.58

87.179.6

82.7

85.793.2

51.689.255.771.548.3

122.5

95.3

70.8118.187.1

103.067.042.8

104.397.7

107.495.4

119.3132.2117.6134.2276.8118.9131.5109.474.869.8

108.5103.586.876.985.582.486.061.7

99.458.592.879.074.662.572.2

81.464.9

101.969.586.875.869.083.8

••183••303

50' 7 2

'514

7,434644199130

1.7

4.09

3.19.10

2.24.85

83.776.0

79.5

84.584.6

50.287.951.763.645.7

8(3.5

120.7

83.5

95.7

69.8106.381.796.960.439.896.693.2

101.392.4

118.8130.2115.3134.6283.3113.1129.5108.083.080.0

103.2102.782.274.283.280.183.951.3

96.057.188.877.673.161.872.7

81.963.297.968.384.774.467.179.5

'183'310

67' 8 7

'543

7,080483181126

1.8

3.06

2.61.10

1.87.64

86.077.7

81.7

85.981.6

53.087.152.769.644.3

90.8

141.2

86.9

104.0

72.896.385.3

100.461.638.697.991.697.395.3

118.9132.0117.9132.5287.8110.0130.098.589.587.8

103.6105.281.071.090.382.599.652.7

99.557.395.482.075.164.773.6

82. 565.1

102.270.986.176.869.685.7

'198'322

42' 63

'609

6,749500254185

2.7

3.34

3.18.13

2.23.82

87.679.4

83.6

87.384.7

55.994.053.669.845.7

93.4

146.4

90.1

109.0

74.293.486.2

102.765.540.4

100.091.797.096.7

120.6133.3122.7131.6286.9111.8131.397.889.488.3

105.4105.683.274.191.480.6

106.853.3

103.259.097.086.975.965.275.6

84.767.3

105.371.288.179.470.886.7

'235'372

391'420

' 4, 880

6, 545478270195

3.0

2.95

3.46.10

2.60.76

85.579.5

82.0

85.279.3

57.795.455.467.049.9

92.8

144.5

89.2

111.9

73.588.783.299.966.443.093.894.299.592.2

119.5130.2125.6128.6278.6112.1129.196.779.877.3

104.5104.781.071.782.074.990.555.0

102.557.394.779.572.663.477.1

86. 666.2

104.568.286.076.467.885.3

'230'382

' 9 3'454

' 3, 528

6,382516333242

3.8

3.29

3.48.13

2.67.68

85.078.8

80.2

82.377.6

57.398.258.066. 654.2

94.0

134.9

90.6

114.0

75.092.384.0

103.567.743.896.387.388.091.9

119.6131.3129.8132.2273.0118.8136.5104.768.663.8

105.1105.680.071.679.975.383.557.7

107.257.892.877.773.662.476.4

85.366.4

107.067.087.374.467.586.3

'216'359

' 6 0' 125'953

6,283570344251

4.0

3.92

3.31.12

2.46.73

86.580.7

82.6

85.973.8

58.8103.260.168.555.9

95.4

127.3

91.6

114.3

76.9104.584.0

103.170.650.1

100.888.988.693.0

118.7131.5128.9134.4271.8123.8138.1106.774.670.4

103.5104.582.174.879.675.682.361.5

110.558.796.576.976. 566. 575.8

85.067.3

110.467.589.275.970.489.2

'204'324

'172'208

r 1,159

6,101494286213

3.5

4.16

3.36.12

2.54.70

84.476.0

78.6

82.065.4

58.7102.856.468.050.5

94.0

122.7

91.0

110.2

74.8113.682.4

103.965.946.491.576.672.993.7

117.9130.8124. 0131. 5283. 2128.6139.1109.283.681.9

102.0101.281.577.179.376.679.761.8

110.659.192.476.377.662.471.4

81.166.6

110.470.187.775.869.286.6

'224'358

' 7 5'112

'1,061

5,790558336254

4.4

5.06

3.01.14

2.05.82

89.781.5

88.0

92.7'80.1

63.9114.962.975.556.8

96.9

124.0

93.4

113.5

78.4122.8'88 .7110.5'71.6

50. 1102.578.375.099.0

r 119. 0136. 3125. 6135.9246. 6135. 1135. 3105.884.682.9

103.7107.786.378.9

r go o

' 80*. 298.362.7

114.061.398.185.579.172.067.7

79.770.3

110.272.191.880.274.291.6

'158'305

35' 9 9

'867

5.6800)

353287

6.2

6.17

2.79.14

1.581.07

'93.8'87.9

'92 .8

95. 3'113.9

63.3117.4' 63. 5

78.1'56 .5

100.9

125.0

98.4

116.2

80.2139.0' 96. 5122.8' 71. 7

50.4105. 0' 99. 9

' 103. 4100. 5

r 124. 5139. 7127. 5134. 8286.4139. 6138.8107.9

76. 672.4

109. 3113.4'91 .0'82 .7'96 .6

81.092.162.9

118.362.896. 486.479.772.673.7

86.771.7

117. 574.294.282.474.990.1

9 1869 315

9 105v 130

' 1, 500

5,462(0

366308

6.7

5.89

2.91.17

1.81.93

'101.6'99 .7

' 112. 0

' 123.6' 109.6

'68 .3111.2' 68. 9' 84.9'61 .8

'111.0

'131.3

' 129.2

'89 .5' 169.6' 113.6' 154.1'79 .8' 56.6

' 121.2r 110. 6' 114.2' 103.8

' 133.1r 157.9' 134. 6' 140. 0' 303.4' 129.8' 136.6

107. 776 571.1

' 113.8' 125. 6'101.9' 90. 6' 93. 6'88 .0' 98. 6'63 .4

126.267.4

103. 490.1

r 85. r>'92 .781.7

02. !77.9

126.977.4

104. 387.4

'88.896.2

' Revised. v Preliminary. 1 Title changed from U. S. Employment Service. 1 Discontinued by original source.!Revised series. For data on factory pay rolls (U. S. Dept. of Labor) see footnote marked with a " t" on p. 25. For Wisconsin pay rolls, see footnote marked with a

" t " on p. 26.- Other State and city payroll indexes revised beginning with the year soeeified: Philadelphia. 1932: Pittsburgh, 1928; Wilmington, 1930; Delaware, 1932; NewJersey, 1932; and Pennsylvania, 1932; data not shown in the December 1939 Survey will appear in a subsequent issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October


PAY ROLLS—Continued

Nonmanulacturing, unadjusted (U. S. Depart-ment of Labor):

Mining:Anthracite. 1929=100-Bituxninous coal -doMetalliferous doPetroleum, crude, producing. _doQuarrying and nonmetallic - do

Public utilities:Electric light and power, and manufactured

gas 1929=-100..Electric railroads, etc _...do_Telephone and telegraph.- do

Services:Dyeing and cleaning doLaundries - -_.do.Year-round hotels do.

Trade:Retail, total ..— do.

General merchandising. doOther than general merchandising..do

Wholesale do.WAGES

Factory average weekly earnings:National Industrial Conference Board (25 |

industries)! dollars..U. S. Department of Laborf dollars..

Durable goods doIron and steel and their products, not in-

cluding machinery - dollars..Blast furnaces, steel works, and rolling

mills dollars..Hardware doStructural and ornamental metal work

dollars. .Tin cans and other tinware .....do

Lumber and allied products .doFurniture do_—Lumber, sawmills do

Machinery, not including transportationequipment dollars-

Agricultural implements (includingtractors) dollars...

Electrical machinery, apparatus, andsupplies dollars..

Engines, turbines, water wheels, andwindmills dollars..

Foundry and machine-shop productsdollars. .

Radios and phonographs do.—Metals, nonferrous, and products..do

Brass, bronze, and copper productsdollars. _

Stone, clay, and glass products...__doBrick, tile, and terracotta doGlass . do

Transportation equipment.. doAutomobiles do


doChemicals doPaints and varnishes doPetroleum refining doRayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing. _do


Paper and printing doPaper and pulp._ do


Textiles and their products doFabrics doWearing apparel __.do

Tobacco manufactures doFactory average hourly earnings:

National Industrial Conference Board (25industries)! dollars..

U. S. Department of Laborf dollars..Durable goods do

Iron and steel and their products, not in-cluding machinery dollars..

Blast furnaces, steel works, and rollingmills .. dollars.-

Hardware . __doStructural and ornamental metal work

dollars. .Tin cans and other tinware do

Lumber and allied products doFurniture do.Lumber, sawmills _ ___do.

28. 49

.727

36.281.452.363.337.2

68.893.0

73.979.381.3

71.591.867.375.4

26.2023.7727. 02

26.64

28.4826.79

26.0722.5019.0619.7517.80

26.04

27.08

26.69

28.35

25. 5122.4025.70

27.1423.8219. 4625.6833.6434.8920.84

28.1130. 2227. 3434. 8623.7424. 2225.2127.5417.2215.4127. 5823.7827.5832.7716.3516.3516.3516.55

.714

.639

.706

.757

.842

.689

.725

.607

.490

.524

.460

42.580.954.162.533.7

98.269.792.5

68.380.081.1

79.2122.970.175.7

26.0524.2627.27

26.91

28. 4925.31

27.1822. 7619. 3620.6017.62

27.00

29.85

27.26

29.73

26.4822.6225.81

26.9224. 0320. 0625. 7632.7233. 2221.52

28. 3630. 7227.8035. 3023.8024.7525. 2627. 6918.6217.1128. 6123.8528.4033. 7617. 0016.8217.6116. 92

.713

.642

.709

.757

.842

.667

.727

.608

.492

.526

.460

38.078.255.360.930.2

95.971.192.0

65.879.680.2

69.784.066.775.5

25. 9523.8026. 53

26.37

28.1823.42

26.5922.7818.7119.1317.50

26. 51

27.92

27. 05

29.21

26.1122.1524. 8525. 7922.9819. ('S24.7231.3231. 5521. 29

28.4830. (io27. 3435.7524.2224.9625. 4728. 0519. 7118.5427.8723. 8227.5932.5916. 7516.5517.3815.59

.713

.644

.710

. 755

. S3f)

. 660

.731

.613

.490

.521

.458

45.281.253.462.729.7

96.469.991.7

63.278.682.8

68.481.065.874.6

26.1124. 0126.78

26. 70

28.4723.04

26.9322.3319.0420.2617.18

27.27

29.96

27.63

30.50

26. 6921.1525.48

26. 4223. 4319. 4725. 0430. 6930. 8021.47

28. 3830. 8927.8435. 2324.1524.8325. 4026.9820.1919.-1327.8924. 1627.1131.6817. 3516. 8119. 0315.19

.713

.643

.709

.753

. 835,651

.729

.610

.487

.523

.452

34.277.853.661.333.1

96.870.591.9

67.779.381.1

69. 683.466.874.7

26.2524.1827.02

27.01

28.8123. 93

27.5423.5719.1920.2017.57

27.67

30.19

28.09

30.92

27.0221.1425.60

26.9823.7219.5925. 3030.8130. 8721.58

28.1431.0828.3035. 2024. 2425.0025.5227.3220.1219.1728.3724. 4327.4032. 5417.3816. 5619.9116.22

.715

. 645

.711

. 835

. 055

.731

.608

.492

.527

.460

43.417.652.660.835.9

96.969.692.1

73.379.981.9

71.386.668.174.8

26. 2723.7926.92

26. 46

28.0723.05

28.0623. 1919.1819.7418.04

27.45

30.00

27.57

30. 94

26.7021.1924. 90

26. 4322.9619. 4623. 3731.8032.3320.89

27. 6330. 0028. 2434.3923. 6424.5725.1127 2318.7317.5828. 0824.1127.0031.4816.3615.8617.8416.08

.717

.642

.710

.752

. 835

.655

.731

.611

.498

.532

.471

57.020.454.161.239.7

70.193.7

83.083.982.4

71.586.768.374.9

26.1923.8426.82

26.17

27.4023.87

27.7123.6619.7219.8618.95

27.86

29.56

28.11

30.95

27.2321.7325.38

27.1823.4719.9124.1531.0431.1821.09

28.6031.0029.1235.1023. 7025.4825. 9128.3917.4315.9328.2224. 2526.7831.4616.3616.0217.4316.60

.720

. 643

.707

.752

. 835

.651

.727

.609

.502

.530

.481

36.166.553.862.541.7

100.271.293.7

84.286.982.0

72.588.169.375.8

26.67211727.26

26.89

28. 3025.21

28.1323.8219.9519.9119.21

27.97

28.85

28.42

30.57

27.7121.6325. 52

27.3223. 9421.2524. 8631.7331.9421. 31

29.2331.0728. 6234. 9924. 3825.1325.9628. 2518. 6517.2828.1024.1327.8833.0616. 5116.2017.4617.19

.721

.642

.708

. 756

.842

.655

.721

.604

.504

.527

.484

25.264. 548.561.940.9

100.070.694.6

77.188.079.1

70.983.868.275.8

26. 6423.6426.31

25. 81

27.1223.38

27.4223.1218.6119.47

17.08

27.55

29. 20

28.05

30. 3826. 9521.7125.11

27.5322.5819. 5823. 2631.0631. 5021. 25

28.8530.7428.1433. 9124.4724. 6126.0528.5419.7218.7427.5723.4028 2233^8416.4616.2317.1417.48

.721

.637

.702

.849

.625

.722

.605

.498

.528

.473

33.8'74.6'53.0'62.0'42.9

' 101.1'71.0'94.3

73.0'85.9'79.2

69.4'81.167.0

'76.2

27.2924.5227. 92

28.17

30.1326.10

28.7424.2020.1420.9018.76

28.07

29.11

28.50

31.01

27.7822.3825.98

28.0024.2821.1725.4533.7135.1521.58

29. 4931.4828.4734.7624.8123.9525. 4927.7719.7818.7428.0424.6528.5233.7717.2016.6318.7717.43

.720

. 634

.699

.757

.843

. 669

.726

.608

.502

.529

.481

'40 .1'80.2' 55.1'60 .8

42.7

' 101.0' 70.4' 94. 9

' 78. 3r84. 5'80.4

72.388.369.0

'78.0

27. 5824. 7228.18

28.25

29.7729.85

27.6224.8619.9520.9518.39

28.23

28.91

30.97

27.8622.9226.69

29.1524.0320.6625.4333.4234.6321.54

28. 8631. 0828. 6534. 3824.4924.1626.0027.9918. 4517.0428.8925. 6428.9334.5516. 9116.7317.4017.43

.722

.635

.703

.761

.721

.615

. 501

.530

.479

52.2'97.7'63.7' 59.0'45 .1

'101.0'72 .3'95.9

'77 .3'83.9'82.2

74.2'92.3' 70.5'80 .3

28.2425.8029.72

31.15

33.9127.13

28.8723.9820.8421.7219.51

29.20

29.92

29.24

32.48

29.2723.7928.58

32.2125. 9822.5127.7133.8734.8822.03

29.5032. 5129.4635.7725. 0024. 3525.6527. 6018.7417.2029.4027.1930.1135. 9117.6017.2318.6817.57

.724

.645

.712

.847

. 676

. 736

. 609

.503

. 529

.484

' Revised.tRevised series. For revisions in National Industrial Conference Board factory weekly and hourly earnings, see note marked with a "f" on p. 26; forrevisions in the

U. S. Department of Labor data on the same subject, see note marked with a "f" on p. 29.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary- March April May June July August Sep-

tember October


WAGES-Continued

Factory average hourly earnings—Continued.U. S. Dept. of Labort—Continued.

Durable goods—Continued:Machinery, not including transportation

equipment dollars..Agricultural implements (including

tractors) dollars..Electrical machinery, apparatus, and

supplies dollars..Engines, turbines, water wheels, and

windmills dollars-.Foundry and machine-shop products

dollars..Radios and phonographs do

Metals, nonferrous, and products--doBrass, bronze, and copper products

dollars..Stone, clay, and glass products do—„

Brick, tile, and terra cotta doGlass . do

Transportation equipment doAutomobiles , do. . . .


dollars ..Chemicals doPaints and varnishes ..._doPetroleum refining do____Rayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing...do




Textiles and their products doFabrics do.__.Wearing apparel. _—__do

Tobacco manufactures doFactory average weekly earnings, by States:

Delaware 1923-25=100-Illinois 1925-27=100-Massachusotts doNew Jersey 1923-25=100..New York 1925-27=100 .Pennsylvania 1923-25=100—Wisconsin t 1925-27=100_.

Miscellaneous wage data:Construction wage rates (E. N. R.): §

Common labor. dol. per hour..Skilled labor do

Farm wages without board (quarterly)dol. per month.

Railway wages (average, class I)dol. per hour.

Road-building wages, common labor:United States, average dol. per hour.

East North Central do. . .East South Central do. . .Middle Atlantic do. . .Mountain do. . .New England do.. .Pacific do—_South Atlantic... doWest North Central do .West South Central do

ALL PUBLIC RELIEF

Total, exclusive of cost of'administration, ma-terial, etc.f mil. of dol—

Obligations incurred for:Special types of public assistance doGeneral relief do

Subsistence payments certified by the FarmSecurity Administration mil. of doL .

Earnings of persons employed on Federalwork programs

Civilian Conservation Corps...mil. of dol....Works Progress Administration:

Operated by W. P. A.f doOperated by other Federal agenciesf. do

National Youth Administration:Student aid .doWork projects f do

Other Federal work and constructionprojects! mil. of dol..

91.496.3

119.5

110.8107.9

.6851.46

.719

.794

.730

.786

.711

.582

.662

. 710

. 645

. 531

.907932

.586

.740

.776

.695

.979

. 641

.611

.611

. 685

. 533

.508

.766

.612

.756

. 952

.477

.459

.510

.462

85.290.191.5

108.690,796.7

100.1

1.43

.735

.40

.59

.29

.50

.55

.47

.70

.27

.46

.36

326

21

172

.721

.803

.736

.793

.712

. 582

.670

.707

.649

. 537723

. 901

. 924

. 589

. 739

.781

.699

.974

.641

.617

.615

.679

. 526

.499

.770

.613. 765. 961.480.460.520.469

89. 292.694.3

111.593.398.8

101.8

1.43

.735

.38

.63

.27

.51

.53

.50

.66

. 26

.43

.36

325

19

168

2 |4

.794

.744

.788

.713

.591

.667

.701

.651

.540

.728

.898

. 921

.592

.741

.780

.699

.980

.637

.628

.617

. 683

.525

.498

.768

.616

.770

.957

.484

. 461

.527

. 481

89.091.393.8

110.293.098.198.6

.6821.43

34.92

,740

.37

.59

. 28

.52

.53

.51

.66

.27

.42

.35

316

1565

.725

.804

.743

.787

.711

.577

.666

.704

. 649

.542

.720

.897

.924

.591

.738

.780

.697

.970

.640

.632

.615

.684

.522

.496

.768

.611

.761

.953

.488

. 461

. 538

.473

88.392.095.3

110.893.7

100.3103.6

.6801.43

.750

.35

.60

.28

.56

.51

.48

.67

.27

.41

.38

310

4645

2

21

1504

24

34

.728

.803

.745

.788

.715

.578667

.705

.652

. 544

.716

.900

.926

.591

.728

.780

.698

.973

.643

.629

.615. 689.524. 500.771.614.763.957.489. 459.541.474

89.693.995.4

112.895.9

101.2103.7

.6801.44

.726

.35

.60

.27

.57

.54

.50

.65

.27

.40

.37

318

46'47

2

18

1585

.,

4

35

.726

.795

.792

.714 |

. 586

.670

. 704

.648

.535

.. 707

.897

.928

.588

.721

.777

.697

.973

.647

.627

.613

. 694

.524

.501

.772

.612

.760

.947

.480

.458

.518

.474

92.593.4

110.793.196.9

101.9

.6831.44

35.42

.732

.39

.62

.30

.54

.55

.57

.67

.28

.42

.37

309

20

146

.725

.787

.744

.787

.710

.589

.673

.708

.644

. 534

.706

. 894

.931

.592

.740

.776

.701

.970

.647

. 631

.617

.689

.528

. 504

.774

.616

. 760

.944

.478

.460

.511

.472

88.992.893.5

111.892.697.5

102.1

.6821.44

.720

.40

.60

.28

.51

.55

.52

.63

.28

.45

.37

308

4639

2

20

1417

24

46

.725

.780

.744

.782

.716

.583

.671

.707

.647

. 538

.711

.895

. 933590

.757

.777

.697

.972

.643

.622

.618

.691

.529

.505

.776618

. 765

.947

. 473

.459

.499

.474

91.493.494.9

113.093.8

101.0102.6

.6841.44

.719

.41

.63

.29

.51

.56

.49

.65

.28

.45

.37

'305

4737

1

19

1337o4

54

.724

. 785

.743

779

.715

. 576

.672

.715

. 646

.531

.716

.886

.928

.587

. 766

.783

.704

. 985

. 639

. 613

.624

.687

.522, 498. 772.616. 772. 956.472.460. 496.476

88.292.395.8

112,194. 097.3

'97.1

.6841.44

36. 26

.724

.43

.60

.29

.52

.56

.49

.65

.29

.47

.35

279

4836

1

'19

1202

03

61

.721

.781

.737

.778

. 714

.576

.668

.710

. 646

.539

.714

.888

. 935585

. 766

.785

.707

.975

. 643

. 590624

. 688

.526" .502

.768

. 618

.770

.956

. 483

.460

.523

.472

82.494.695.6

113. 395.4

103.0'101.8

.6851.44

.714

.43

.61

.30

.51

.57

.47

.64

.30

.46

.37

276

4838

1

19

1083

(°)4

54

.722

.778

.740

.787

. 715

.577

.674

.714

.647

. 540

.718

.895

.934

.583

.741

.781

.704

. 969

.646

.585

.620

.686

. 532'. 508.774.620. 768. 959. 482.461.519.475

83.094.596.7

113.594.1

101. 599.1

.6851.44

.731

.43

.60

.30

.53

.58r . 4 5

.64

. 30

. 16

.37

'258

48' 3 9

1

17

r 893

(")4

.721

.782

.733

.796

.718

. 573

.691

.755

.652

. 553

.727

.889

.923

.590

.740

.789

.714

.973

.616

. 608

. 620

. 684

.532

.508

.773

. 629

. 769

. 962

. 486

.463

. 529

.475

90.398.296. 6

119. 796.4

r 111.1107.6

. 6851.44

36.13

.729

.43

.' 31

.51

.57

.48

.64

.30

.47.38

4839

984

4

53

' Revised.a Less than $500,000.^Construction wage rates as of Dec. 1, 1939, common labor $0,685. skilled labor $1.46.fRevised series. For revisions in U. S. Department of Labor factory weekly and hourly earnings, and hours worked per week, see table 1 p. 17 of this issue. Farm wages

revised beginning 1913; see table 53, p. 18 of the November 1939 issue. Data on all public relief revised beginning with January 1933; The historical record can be obtainedfrom the most recent Social Security Bulletin together with the issue for August 1939. The revised series differ from those previously published in that they include, in addi-tion to earnings of persons certified as in need of relief, the earnings of all other persons employed on work or construction projects financed in whole or in part from Federalfunds. Wisconsin weekly earnings revised beginning January 1929; data not shown in the December 1939 Survey will appear in a subsequent issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

FINANCE

BANKING

Acceptances and com'l paper outstanding:Bankers' acceptances, total mil. of dol._

Held by Federal Reserve banks:For own account do...For foreign correspondents do__.

Held by group of accepting banks:Total mil. of dol.

Own bills do-_.Purchased bills.. do__.

Held by others i do__.Commercial paper outstanding do.. .rricultural loans outstanding of agencies su-

pervised by the Farm Credit A dm:Grand total mil. of dol.

Farm mortgage loans, total__. do...Federal land banks do...Land Bank Commissioner do__.

Loans to cooperatives, total • doBanks for cooperatives incl. Central

Bank mil. of doL.Agricultural Marketing Act revolving

fund mil. of doL.Short-term credit, total do

Federal intermediate credit banks, loansto and discounts for:

Regional agricultural credit corps.,prod, credit ass'ns, and banks for co-operativesd"1 mil. of dol_.

Other financing institutions doProduction credit ass'ns doRegional agr. credit corps doEmergency crop loans doDrought relief loans do

Joint Stock Land Banks in liquidation._doBank debits, total (141 cities) mil. of dol._

New York City do...Outside New York City do...

Federal Reserve banks, condition, end of mo.:Assets (resources) total mil. of dol

Reserve bank credit outstanding, totalmil. of dol_.

Bills 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, totalmil. of doL.

Excess reserves (estimated) do.Federal Reserve notes in circulation..do

Reserve ratio percent..Federal Reserve reporting member banks,

condition, Wednesday nearest end of month:Deposits:

Demand, adjusted mil. of doL.Time doDomestic interbank do

Investments, total T doU. S. Government direct obligations^ doObligations fully guaranteed by U. S.

Government-/ mil. of doL_Other securities V do

Loans, total 1 do.-_Commercial, Industrial, and agricultural

loans 1 mil. of dol__Open market paper do-To brokers and dealers in securities

mil. of doL-Other loans for purchasing or carrying secu-

rities mil. of doLReal estate loans do...Loans to banks do_..Other loans 5 do...

Money and interest rates:Bank rates to customers*:

In New York City percent..In seven other northern and eastern cities

percent__In eleven southern and western cities

percent._Bond yields (Moody's):

Aaa do.Baa.. do.

Discount rate (N. Y. F. R. Bank) doFederal land bank loans do___-Federal intermediate credit bank !oans_.doOpen market rates, N. Y. C :

Acceptances, prime, bankers-- _do_Call loans, renewal (N. Y. S. E.) doCommercial paper, prime (4-6 months)

percent. .Time loans, 90 days (N. Y. S. E.).. . . .doTreasury bills, 91 days (yield) doTreasury notes, 3-5 years (yield) do

223

00

1721036951

214

3,0672,6051,910

69595

73

21366

16533

1578

1165370

31, 67613, 04118,636

18,740

2, 65008

2,55215, 29514, 97618, 74012, 865

11, 6285,1604,86286.3

18, 9725, 2327,S94

14, 5038,713

2, 4083,3828,656

4,381312

660

4991,189

361,579

3.004.851.004.001.50

1.00

m.05.64

273

2221249851

206

3,2292,7511,990

760112

86

25366

16735

14812

1175589

29,46312,42517,039

15,293

2,58417

2,56411,97011,61315, 2939,935

3,3834,38583.6

16,0135,1246,212

13,0088,106

1,6823,2208,317

3,866338

712

5721,169

1171,543

1.70

2.68

3.20

3.105.231.004.002.00

1 00

IK.04.71

270

2121219158

187

3,2102,7351,982

753112

87

24363

16834148111165587

39,96618,87921.087

15, 581

2,60114

2,56412,16611,79815, 58110.088

8,7243,2054,45283.7

15, 9865,1606,06113, 2198,266

1,7323,2218,430

3,843328

848

5601,169

1151,567

1.70

2.95

3.23

3.085.271.004.002.00

Me1.00

IK.03.67

255

204122

52195

3,1852,7191,973

746105

80

24362

16433

14811

1155585

32, 39314,53317, 860

15,639

2,60715

2,57412, 38211,94815, 63910,420

9,2153,6444,33983.9

16, 0485,1836,35913, 2098,173

1,7893,2478,233

3.767324

792

5351,174

991,542

1.73

2.97

3.32

3.015.121.004.002.00

Me1.00

IK.03.65

248

00

1981227650

195

3,1782,7101,969

741

74

24370

16734155111165485

27, 58112,38015,201

15, 862

2,59814

2,56412,56112,12515,86210,571

8,9363,3874,35384.2

15,9655,2026,41413,4088,143

2,0193,2468,186

3,773313

799

5231,136

921,550

1.70

2.69

3.26

3.005.051.004.001.92

Me1.00

IK.03.63

245

00

1911177454

191

3,1732,6941,960

73491

23389

17535168101215483

34, 48616,27418,211

16,186

2,58714

2,56412,95112,55316,18610,919

9,1573,5594,38084.7

15,9915,2176, 46613,3888,096

2,0263,2668,191

3,814305

764

5311,140

941,543

2.13

3.05

3.77

2.994.891.004.001.50

Ma1.00

IK.03.51

238

00

1891187249

192

3,1722,6831,955

728

61

23403

18336

17810

1255482

30,14313,31116,832

16,766

2,59513

2, 57113,47613,10316,76611,376

9,9004,0984,45885.1

16, 6605, 2486, 62713,7148,341

2,0263,3478,071

3,841302

648

5391,148

601,533

3.025.151.004.001.50

M1.00

H-HIK.03.50

247

00

1921246855

189

3,1662,6711,948

72384

60

23411

18738

18310

1255480

31,92814,16517, 763

16,922

2,57314

2,56413, 67313, 32616,92211, 535

10,0294,2184,477

85.4

16,9655, 2356, 675

13, 5548,237

2,0553,2628,126

3,822308

721

5391,156

591,521

2.975.071.004.001.50

Me1.00

IK.03.42

245

00

1911226953

181

3,1582,6581,941

71883

60

23417

19040188101255479

33,98815, 31218, 676

17,172

2,57915

2, 55113, 87413,52417,17211,701

10,0184,1404,51185.6

17, 2205,2376,747

13,8628,423

2,1483,291

3,833303

648

5431,161

511,550

2.15

3.05

3.62

2.924.911.004.001.50

M1.00

H-HIK.03.39

236

00

1881196948

194

3,1482,6471,934

71385

62

22417

18941188101255477

30,47712, 79417,683

17,348

2,48615

2,48814,23013,87817, 34811,952

10, 5074,5534, 53086.3

17,4625,2437,01214,0788,515

2,2413,3228,166

3,887313

655

5261,168

741,543

2.894.841.004.001.50

Me1.00

AIK.04.45

235

0

1911286344

201

3,1342,6371,928

70884

61

22414

18842

18510

1245476

30, 61313,11817, 496

17, 823

2,446

52,42614,66114, 32117, 82312, 247

10,9184,7584,63186.9

18, 0965,2477,167

14, 2338,565

2, 2863,3828,209

3,996317

608

5191,174

491, 546

2.934.851.004.001.50

Me1.00

2HIK.05.48

216

(a)

1771156239

209

3,1092,6261,923

70488

65

22395

18038

1749

1215475

33, 66415,13818, 526

18, 602

2,87816

2,80415,01314, 67918,60212,953

11,6555,3524,72085.0

18, 3335,2317, 66714,0698,437

2, 2323, 4008,350

4, 229316

533

5101,180

351,547

2.04

3.31

3.255.001.004. 001.50

/1.00

VA.141.07

221

(a)

1791116742205

3, 0852,6161,91669993

70

22376

170341638

1185373

32, 71113, 68319, 029

18,779

2,80106

2,73615,17814,83818, 77912,988

11,9735, 5534,77385.5

18, 5565, 2497,954

14, 2078,684

2, 2828, 2918,521

4,310317

603

5121,184

361,559

3.154.881.004.001.50

1.00

Vs-%IK.05.77

°Less than $500,000. cfTo avoid duplication, these loans are excluded from the totals.*New series: Data beginning 1928 not shown in the December 1939 Survey will appear in a subsequent issue. Quarterly figures beginning March 1939 are not strictly com-

parable with earlier data. For explanation of new series, see the November 1939 issue of the Federal Reserve Bulletin.JSee note marked with a "1" on p. 30 of the July 1939 issue. •Includes a small amount of Federal intermediate credit bank loans (direct) not shown separately.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

FINANCE—Continued

BANKING-Continued

Savings deposits:Savings banks in New York State:

Amount due depositors mil. of dol._U. S. Postal Savings:

Balance to credit of depositors doBalance on deposit in banks _ do

COMMERCIAL FAILURESt

Grand total _ ..number..Commercial service, total doConstruction, total ., doManufacturing, total . __ do

Chemicals and drugs doFoods doForest products doFuels doIron and steel do . . .Leather and leather products doMachinery doPaper, printing, and publishing doStone, clay, glass and products doTextiles doTransportation equipment doMiscellaneous do

Retail trade, total doWholesale trade, total _ _ do

Liabilities, grand total__. thous. of dol._Commercial service, total doConstruction, total- _ --doManufacturing, total do

Chemicals and drugs doFoods __ __ . _ doForest products doFuels . . do __Iron and steel doLeather and leather products doMachinery _ _ _ doPaper, printing, and publishing .doStone, clay, glass and products doTextiles ._ ._ doTransportation equipment doMiscellaneous do

Retail trade, total do—„Wholesale trade, total . do

LIFE INSURANCE

(Association of Life Insurance Presidents)

Assets, admitted, total: J mil. of dolMortgage loans, total _ do

Farm doOther do

Real estate holdings doPolicy loans and premium notes doBonds and stocks held (book value) total

mil of dolGovernment (domestic and foreign) doPublic utility doRailroad doOther do

Cash doOther admitted assets do

Insurance written:©Policies and certificates, total number

thousands..Group doIndustrial doOrdinary do

Value, total thous. of dolGroup _ doIndustrial . . . doOrdinary do

Premium collections, total _ doAnnuities doGroup doIndustrial doOrdinary do . .

(Life Insurance Sales Research Bureau) f

Insurance written,ordinary, total, thous. of dol__New England doMiddle Atlantic ._ doEast North Central do—West North Central doSouth Atlantic. do—East South Central do—West South Central _ _ . . . doMountain _. doPacific _. do

Lapse rates 1925-26—100.

5,547

1,27455

8862846

1909

49134897

129

363

31525

9711,877

494746

4,177123

1, 214149

72313

6821393

219469122

1,1224, 5051,955

72441

455228

587, 49844, 027

128,121415, 350247, 39723,41210,85452, 800

160, 331

537,95141, 938

150, 742122, 52254, 24651, 00320,13340, 58814, 04342, 736

5,359

1,25087

9844855

1966

44130

101012157

618

20586

9912,3021,158

7134,434

90703909

042992

162333270892149405

4,5131,484

22,6204,361

6733,6881,7902,650

12,6295,6032,9502,7261,350

821369

86534

608223

671, 26243, 754

182,690444,818248, 59528,51510,00155,034

155,045

585,09343,989

175,485123, 75457, 79452, 06523, 57345, 28115,10448, 048

5,405

1,25286

8753748

175113321385

1184

443

2452788

36,5281,628

7976,285

1851,743

48915652416970489

116540

1,206364

4,14223, 676

22, 7294,381

6703,7111,7512,636

12,8695,7943,0042,6491,422

635457

1,08971

755264

974,92091, 294

226,085657, 541355,603

50,20812,14896,493

196, 754

902,74161,883

281,685188, 369

93, 59878, 75833, 64367, 70922, 27874,818

101

5,417

1,25983

1,2635454

2187

43179

121217158

413

34802135

19,1221,912

6156,803

811,636

387357

1,09067571326733565026

6867,7312,061

22,8504,395

6703,7251,7432,628

12,8845,8572,9572,6531,417

747453

64830

357262

729,93751,89999,363

578,675277,86035,90512.91465,146

163,895

729,76658,827

194,457174,37076,49863,30027,10153,20217,80664, 205

5,431

1,26381

9633245

177124218699

11164

310

1961891

12,788262968

4,985125

1,482237306255118255512112

1.0550

6285,2511,322

22,9294,403

6693,7341,7402,621

12,9505,8952,9742,6571,424

759456

67523

399252

570, 49140, 365

109,871420,255250, 37422,49111, 66756,981

159, 235

532,03243,632

140,911122, 24254,14848,03820, 38642,23313,67746, 765

5,478

1,26680

1,0574950

2036

51203

117

15138

484

17634121

17, 8511,1061,2287,867

543,248

74275530586

302185155

1,612145278

5,6182,036

23,0184,410

6673,7431,7382,611

12,9995,9032,9952,6711,430

810450

84233

499310

645,01945, 205

138, 396461,418287, 53925,81713,01962,960

185, 743

577,20344,852

159, 747130, 64755,91353,05022, 84545,99715,84848, 304

5,463

1,26476

1,0644351

2084

581711129

16131

382

27629133

17, 435490744

8,286100

1,441339

1,164363

1,837563666

81,022

388395

5,5262,389

23,1004,416

6673,7491,7432,605

13,0655,9523,0032,6751,435

827444

71620

464232

550,66635,981

129,051385,634243,414

19,83810,45061,263

151,863

495,65037,658

140,175109,63849, 27245, 77119,07038,40113, 66342,002

5,471

1,26273

1,0284262

1894

5121

11048

118

524

15608127

14, 664875

1,1544,877

1071,848

525100316

2828140721280344

2065,8181,940

23,1994,424

6663,7581,7462,598

13,1275,9773,0072,6841,459

858446

81233

496283

604,44543,278

137,073424,094257,96522,80911,30259,846

164,008

r532,08940,608

148,804117,14353,37250,10421,05942, 22114, 40644, 372

5,514

1,26268

8474850

1587

38115

12118

125

294

1650685

11, 460494

1,1504,459

971, 056

21434131219927621679

1,14445

4803, 7341, 623

23, 2754,435

6643,7711,7452,585

13, 3586,0573,1392,6991,463

727425

841134461245

729, 749194, 223128, 568406, 958268, 472

25, 49611, 52861, 255

170,193

524,92541,314

142, 293116, 68953, 07851,13421,81140, 79114,93542,880

93

5,519

1,26858

8852535

1863

4914665

14196

401

2354891

14,128330361

6,70132

2,368212

1,01753

213773260263

1,13058

3224,6682,068

23, 3984,442

6593,7831,7472,573

13,4286,0793,1632,7021,484

780428

68726

427234

506, 38023, 862

118, 218364, 300248,07727, 71210,49755, 554

154,314

462,42336,030

124, 598102, 98148, 57542, 23318, 27737, 65813,65938, 412

5,529

1,27156

8594146

1514

391818

115

123

311

18528

9311, 259

491765

4,06938

1,64252140

337311

5126920

53516

2894,4611, 473

23, 4894,460

6633,7971,7502,564

13, 4856,1233,2022,7051,455

809421

942261431250

584, 59583, 901

119, 068381, 626244, 70623,47211, 29254, 271

155, 671

479, 79434, 364

123, 012107,019

51, 08048, 48019, 72938, 83114,84242, 437

5, 557

1,267' 5 5

7583445

1337

32144238

106

224

21462

849, 402

498927

3,175124569415816

1828

1925998

34295

4193,7001,102

23, 6084,472

6623,8101, 7512, 557

13, 5536,1103, 2592, 6971,487

837438

64224

417200

509, 89759, 401

115, 935334, 561234,418

18, 24811,32059, 970

144, 880

442, 59733,493

118, 74395, 35145, 61143, 59519,74136, 56712, 75636, 740

5, 552

1,27055

9162946

175114014386

11167

332

24557109

16,140739

1,0956, 659

1211,4721, 397

111262292

1, 455421170506126326

4, 5263,121

23, 7114,486

6623,8241,7532,547

13, 6876,0973,4012, 6971,492

800438

79051

484255

637, 67575, 929

135, 769425, 977238, 49220, 87910, 78157, 055

149, 777

543, 99143, 136

152,548122,88854, 33952, 59819,41340, 08814, 74344. 238

r Revised.fRevised series. Data on commercial failures revised beginning June 1934; see table 3, pp. 17-18 of the December 1938 issue. Data for insurance written, ordinary ("Life

Insurance Sales Research Bureau) revised for the period 1936-38 to include a small amount of intermediate insurance omitted from the original compilation. Revised datanot shown on p. 31 of the November 1939 Survey will appear in a subsequent issue.

t37 companies having 82 percent of total assets of all United States legal reserve companies.©40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.




1939

Novem-ber

1938

Novern- Decem-ber ber

1939

Janu- Febru- iary | ary j March April May June July August Sep-

temberOcto-ber

FINANCE—Continued

MONETARY STATISTICSForeign exchange rates:

Argentina >_dol. per paper peso._Belgium dol. per belga__Brazil, official dol. per milreis..British India dol. per rupee__Canada dol. per Canadian dol__Chile dol. per peso..France dol. per franc.Germany dol. per reichsmark..Italy... dol. per lira..Japan dol. per yen..Netherlands dol. per guilder..Spain dol. per peseta._Sweden dol. per krona..United Kingdom dol. per £._Uruguay dol. per peso..

Gold:Monetary stock, U. S mil. of dol._Movement, foreign:

Net release from earmark1! thous. of dol—Exports do..Imports do—

Production:Union of South Africa, total fine ounces

Witwatersrand (Rand) do._Receipts at mint, domestic (unrefined)..do

Currency in circulation, total mil. of dol__Silver:

Exports§ . thous. of dolImports do._Price at New York dol. per fine oz._Production, world thous. of fine oz.

Canada _do__.Mexico _.do...United States do...

Stocks, refinery, end of month:United States— do...Canada do._.

CORPORATION PROFITS(Quarterly)

Federal Reserve Bank of New York:Industrial corporations, total (168 cos.)t

mil. of doL.Autos, parts, and accessories (28 cos.).doChemicals (13 cos.)t do___.Food and beverages (19 cos.) doMachinery and machine manufacturing

(17 cos.) mil. of dol..Metals and mining (13 cos.) doPetroleum (13 cos.) _._„ do.Steel (11 cos.) . do.Miscellaneous (55 cos.) do

Telephones (91 cos.) (net op. income)—doOther public utilities (net income) (52 cos.)

mil. of dol__Interstate Commerce Commission:

Railways, class I (net income) doStandard Statistics Co., Inc. (earnings):

Combined index, unadjusted*! 1926=100__Industrials (119 cos.) doRailroads (class l)*t doUtilities (13 cos.) do

Combined index, adjusted*t doIndustrials (119 cos.) doRailroads (class l)*t doUtilities (13 cos.) do . . . .

PUBLIC FINANCE (FEDERAL)Debt, gross, end of mo mil. of dol__

Public issues:Interest bearing* doNoninterest bearing* do

Special issues to gov't agencies and trustfunds* mil. of dol._

Obligations fully guaranteed by the U. S. Gov-ernment:^

Amount outstanding by agencies, total.mil. of dol..

Federal Farm Mortgage Corporation-doHome Owners' Loan Corporation doReconstruction Finance Corporation.do

Expenditures, total, including recovery andrelieff thous. of dol_.

General (including recovery and relief)*t-doRevolving funds, net* doTransfers to trust accounts* doDebt retirements* do

Receipts, totalt doCustoms do.Internal revenue doIncome taxes doSocial security taxes* do

0.298.165.061.301.878.052.022.401.050.234.531.100.2383.925.658

17.. 217

90,87310

167,991

274,8437,413

4874,183.348

41,305

36, 512498

4,295

5. 7071,2692,8171,096

691,006632,5735,066

53,000367

406, 96729,049

339,61533, 721113,177

0.314.169.059.352.992.052.026.400.053.274.543.051.2434.708.620

14,162

- 7 , 37514

177, 782

1,024,057944,035333,0276,750

82324,987.428

16,1592,0232,7812,879

4,492633

38, 607

34,981535

3,090

4,9931,3882.888511

678, 588622,5006,842

48, 500745

381,64427,338304, 57235,91281, 979

0.311.168.059.349.991.052.026.401.053.272.544.050.2414.670.615

14, 416

-62, 38716

240, 542

1.028,774946,895235, 337

1,34421, 533.428

19,5111, 5524,9224,624

2,409

r 179. 678.4

r30.720.45.64.14.710.325.456.5

54.1

53.7

76.769.331.9123,076.279.029.2113.2

39,439

35, 755528

3,156

4,9921,3882,888

509

870, 278809,3513.742

48, 5008,685

704,49425,121

662, 252473,8042,939

0.311.169.059.349.992.052.026.401.053.272.542.046.2404.669.614

14, 599

14,10681

156,427

1,033,939953,916233, 8066,712

1,67110. 328.428

19,1081,5754,2814,669

4,075676

39, 641

35, 892534

3,215

4,9871,3832,888

509

693,385649. 5734,685

38, 500626

308,15224, 318

315, 84550, 76498. 992

0.312.169.059.350.995.052.026.401.053.273.5360).2414.686.616

14, 778

-48, 55315

223, 296

985, 843910, 084195, 7806,697

2, 0549,927.428

21,8221,4546.7945,268

4,806652

39, 864

35,949533

3,382

5, 4101,3812,888819

662,464601,97110,36550,000

127417,34922, 361

333, 51856,872

0.312.168.059.351.996.052.026.401.053.273.5310).2414.685.617

15,014

10, 72053

365,436

1,073,084989,974209, 7786,764

1,9237,207.428

20,0701,6374,9065,067

7,432615

r 146. 9

'24.215.8

6.22.1

r5. 6

17.356.4

54.5

* 43. 6

60.465.0

* 25.4124.762.468.7

d 19.8113.4

39, 990

35, 994543

3,454

5,4101,3812,888819

879, 300796,1395,599

68,0009,562

737,39129, 266

691, 401495, 9063,855

0.312.168.059.350.995.052.026.401.053.273.5310).2414.681.616

15, 509

-114,842231

606,027

1,017,508938.961227, 6426,867

2.0547,143.428

17, 4691,4112, 5155. 336

8,669255

0.312.170(2).349.996.052.026.401. 053.273.536.110.2414.681.616

15, 878

-251, 57936

429,440

1,084,8591,000,181219,1616,919

6116,152.428

18,1971,5594, 5863,701

9, 903167

40,068

36,038538

3,492

5,4101,3802,888819

786, 517722, 3427,992

55, 0001,182

268,34329, 437279, 98738, 83269, 684

40,5

36,089531

3,666

5,4091,3792,888

744, 899686,8247,45150,094

530396, 78125, 318315,03743, 53393, 044

0.312.170.061.349.998.052.026. 401.053.273. 532.110.2414.682.616

16, 028

-102, 59619

240,450

1,058,989977, 752201,1116,966

30314, 770.420

26.1221,766

10, 2745,493

4,935316

r 158. 164.1

' 26. 4p20.3

'5.42.77.6

24.260.4

51.3d48.2

62.069.8

<*28. 5116.257.062.1

<*26.9118.1

40,445

36,122554

3,770

5,4501,3792,928820

972, 569886, 8568,474

56, 00421, 235

612, 52224, 517

568, 646351,95816, 252

0.312.170.061.349.998.052.026.401.053.273.533.110.241

4.681.616

16,182

-166, 2129

278, 645

1,084,334998,800281,317

7, 051

6405, 531.349

21, 8782,0998,0043,200

6,348250

0. 311.170.001.344.995.052.026.399.053.269.535.110.2404.611.607

16, 390

152,12513

259,934

1,099,8161.015,643282,1307,098

9374,365. 360

' 22, 5222,7036,9714,226

4,180489

40, 666

36, 200548

3,918

5,4801,3792, 958

807, 325639, 232

856167,103

134307, 84625, 528

300, 09143. 23072. 754

40, 896

36, 261540

4,094

5,5831,3792, 858820

822,049745, 26916, 67966.100

0419,98027, 213

397, 42131, 77797, 447

0.170.061.299.913. 052.023.395.051.235.532.105. 238

3.995

16,823

2,83615

326,0S9

302,8667,249

1,2924, 639.370

23,3132,6796,5365,145

5,461530

140. 613.032.5

7.03.3

11.9

D 28.660.1

48.6

57.7

v 63. 0P34.5»16.7

40,858

36, 279516

4,063

5,4561,2792,831

820

793,302728,837

5. 26450,1509,051

718,79035,595

624,254329.093

12,308

0. 298.167. Ml.303.S93.052.023

CO.050.235.531.101.238

4. 011

17,002

79, 51615

69, 740

421, 7967,328

1,7737, 268.357

2,913

~4~874

3, 589715

41,036

36,417510

4,109

5,4481,2792,823

820

764,458701,893

8,78553,000

779321,51132.418

292 241sH! 48268, 578125,870

r Revised. d Deficit. p Preliminary. ^Or increase in earmarked gold (—). *Number of companies included varies slightly.1 Quotations not available January 25-May 14,1939. 8 Quotations not reported April 10,1939, through June 8,1939. 3 Quotations not available September l-October 16,1939.4 Quotation not available September 1, and September 3—November 5, 1939. 5 Previously published figures based on incorrect quotations; quotations not available

through November 28, 1939.*New series. New items for Federal gross debt beginning June 1916 appear in table 21, p. 16, and for Federal expenditures beginning July 1931 in table 22, p. 17, of the

April 1939 Survey. Data on receipts from social security taxes beginning June 1936 will appear in a subsequent issue.tRevised series. The Standard Statistics Co. index of railroad earnings and the combined index have been revised beginning 1932; see table 25, p. 18, of the April 1939

Survey. Total Federal expenditures and receipts revised beginning July 1931; see tables 22 and 23, p. 17, of the April 1939 Survey. The Federal Reserve Bank of New Yorkcorporation profits, industrial total and chemicals, revised beginning with 1928; data not shown above will appear in a subsequent issue.

§ Revised series. Data revised for 1937: see table 19, p. 14 of the April 1939 Survey.cf Included in the total but not shown separately are guaranteed debentures of certain other Federal agencies.i"General" and "recovery and relief" not reported separately by Treasury Department after June 1939.Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Monthly statistics through December 1937, to-gether with explanatory notes and referenceslo the sources of the data may be found in the1938 Supplement to the Survey

1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

FINANCE—

Febru-ary March

Continued

April May June July August Septem- Octo-ber

PUBLIC FINANCE (FEDERAL)-Con.

Receipts, total—Continued.Internal revenue—Continued.

Taxes from:Admissions to theaters, etc,tfaous. of doLCapital stock transfers, etc doSales of radio sets, etc do. . .

Government corporations and credit agencies:!Assets, other than interagency, total

mil. of dol-Loansacd preferred stock, total do._.

Loans to financial institutions (incl. pre-ferred stock)... _.mil. of dol..

Loans to railroads doHome and housing mortgage loans, .do. __Farm mortgage and other agricultural

loans. __mil. of dol..All other _ . _ . do. . .

U. S. obligations direct and fully guaran-teed mil. of dol—

Business property doProperty held for sale doAll other assets _ ~ do

Liabilities, other than interagency, total-doBonds, notes, and debentures:

Guaranteed by the U. S - doOther do

Other liabilities incl. reserves . . . . .doPrivately owned interests.. - doProprietary interests of the U. S. Government

mil. of dol .Reconstruction Finance Corporation, loans out-

standing, end of month:fGrand total thous. of dol..

Section 5 as amended, total doBanks and trust companies, including

receivers thous. of dol-.Building and loan associations doInsurance companies doMortgage loan companies doRailroads, incl. receivers doAll other under Section 5 do

Emergency Relief and Construction Act,total, as amended thous. of dol..

Self-liquidating projects (including financ-ing repairs) . .thous. of dol..

Financing of exports of agricultural sur-pluses thous. of doL.

Financing of agricultural commoditiesand livestock thous. of dol..

Direct loans to business (incl. participa-tions). thous. of dol._

Total Bank Conservation Act, as amendedthous. of dol..

Drainage, levee, irrigation, etc.* doOther loans do

2.1181, 275

578

1, 762. 094689, 603

100. 7733,3752, 571

134, 432444.314

4,134

43,478

42, 664

63

751

130,026

541,42383, 750

273,814

1,9852,226

568

11,3358,502

1,321503

2,326

3,486865

845452679856

7,016

4,9941,323

700382

3,936

1.749,880689,533

124, 4272,0293,008

126. 416428,041

5,611

205,848

190,105

15,047

696

103, 287

' 547, 25580,834

123,124

2,0201,754

593

11,4518,562

1,344511

2,335

3,486886

855456689889

7,048

4,9921,317

739381

4,022

'1,808,28870S, 484

120, 7781,9082.992

140, 644436, 094

6,067

201,604

180,862

20, 047

696

107, 412

r 584,89080,991

124,907

303,280

249,989

51, 52621,44110.35446, 865

119,804

4,54831,98142, 5284,239

103, 21963,475

7,334

23,931

204

6,287

1,180

144, 625

•140,709

23.12418. 56612,96857,41316,061

8,28111,09636,639

0

82, 2802,414

10, 215

0

2

4,387

681

1,5641, 650

576

11,5158,527

1,314512

2,329

3,469902

868460698961

7,117

4,9871,327

757383

4,015

1,770.335666,999

118, 0871,9592.964

100, 280437, 789

5,940

207,948

182,149

25, 047

752

109, 039

578, 79382. 276

125, 280

142, 735

142.137

8,73738, 76222. 826

90070,913

52310. 20222,390

0

108,512450

3,388

1,610

0

4,213

917

1,5031,394

404

11,6508,509

1,291608

2,327

3,460923

874465708

1,0957,588

5,4101,369

809384

3,678

'1,764.883' 664,117

116, 1201,9212.915

' 101. 225436. 139

5,797

205,598

181,814

23,047

738

110, 432

' 574, 79182, 461

127,489

21,676

21,366

9, 6452, 7073, 8755,139

0

06,8216, 6601,827

5,0909G9

971

420

3,615

1,190

215

l,fiO71,083

353

11, 6968, 523

1,278505

2,324

3,456960

885468712

1,1087,592

5,4101,374

808386

3,718

'1.760,810' 073, 385

'112, 926' 1. 95S' 2, 887

' 110.392439, 560' 5, 600

' 197,466

' 173, 682

23,047

737

' 111. 343

' 572, 975' 82. 632

' 132,008

86,286

69,242

12,3931,7414,008

28. 48822, 613

28035, 7634,758

0

27,506935

4,862

170

1,930

2,767

627

1,3851, 259

287

11,6888,497

1.292509

2,323

3,459913

849472712

1,1577,592

5,4101,379

803387

3,709

'1,718.501• 682, 524

'110.657' 2. 94'2' 2, 809

' 117 081443, 84Q' 5, 131

131,349

107, 538

23,047

764

112,162

576, 969' 82. 9-0132, 547

307,754

277, 657

47, 43827, 9001.766

116.99183, 562

342146, 4506,2715,305

117,7121,577

1,6061,273279

11, 7038,511

1,297501

2,325

3,447941

850476713

1,1517,581

5,4101,382790

3,732

'1,723,167• 676, 434

• 108, 220' 3, 027' 2. S36

• 120. 745436,612' 4, 994

134,495

108, 995

24, 737

764

114,141

• 577, 723' 83. 04S• 137, 320

1,491735258

11. 7068,465

1,311493

2,331

3,438

853481708

1,1997, 651

5,4711,389

791387

3,668

1,747.482' 677,933

' 104, 3«7' 3, 321'2.817

' 124, 550439,199' 3, 658

' 63,682

' 39,441

23,480

'760

' 116,639

' 577. 49S' 83. 042' 228, 688

1,534813292

11, 8238,861

1,299493

2,332

3, 7311,007

871483709900

7,507

5,2911,349867390

3,926

1,766,222' 677, 4

' 103, 405' 3, 262' 2, 787

' 125, 573438, 803' 3, 573

' 62,152

' 40,108

21, 290

'754

' 121, 364

' 570, 651' 83, 333' 251, 256

298,571

293, 650

18, 74911, 628

0163, 101100,172

2,74'33, 4403, 8944,548

217,14931,870

CAPITAL FLOTATIONS

New Security Registrations 1

(Securities and Exchange Commission)

New securities effectively registered under theSecurities Act of 1933, total thous of dol. . 114,924

Estimated gross proceeds (total registration,less securities reserved for conversion),total . . . . t h o u s . of d o l - 113,994

Type of security:Common stock do 33.443Preferred stock.. do 3.391Certificates of participation, etc do 12. 64Secured bonds do 46. 81.1Debentures and short-term notes do 17, 700

Type of registrant:Extractive industries do 0Manufacturing industries do 9,929Financial and investment do 40,770Transportation and communications, do 7,823Electric light and power, gas, and water

thous. of dol. _ 54,95iOther . _.._ . .do . . . 511

Securities not presently intended to be offeredfor cash sale for account of registrants:

Registered for account of othersthous. of do l . . 855

Registered for options and for other subse-quent issuance thous of doi__ 298

Other securities not intended for cashsale thous. of dol— 688

Selling and distributing expenses:Commissions and discounts thous. of dol— 4,092Other selling and distributing expenses

thous. of doL . 654r Revised.• The total includes $12,576,000 of face amount installment certificates.ISeries differ from current presentation of the Securities and Exchange Commission, due to a reclassification of certain items, but data as shown here are comparable

throughout. When earlier data are available on the new basis, they will be presented in the Survey.•New series. Data for drainage, levee, irrigation, and similar districts beginnig December 1933 will appear in a subsequent issue of the Survey; this series was formerly

included with "Other loans."t Revised series. Details for assets of Government corporations and credit agencies have been revised beginning June 1937 due to changes in the underlying U. S. Treasury

Department compilations and are not comparable with the series shown in the 1938 Supplement. Several new series on loans and other assets have been brought out. Nochanges have been made in the series on liabilities. Data not shown on p. 33 of the November 193S Survey will appear in a subsequent issue. For Reconstruction FinanceCorporation loans outstanding, minor revisions beginning August 1934 will appear in a subsequent issue.

200349—40 5

11,525 j

2,086

28,379

4,679

1, 4431

57,062

55, 588

20, 47322, 200

3, 4069.449

0

2343,779

17, 024250

31, 6052, 696

3,777

219

20, 365

2,128

235

275,410

271,720

29, 30712, 67510. 586

144. 87274, 279

12, 29093. 09721,9413,921

124,97115, 500

13, 549

3,192

2,068

6,678

1,621

232,712

227, 545

16, 38548, 30510, 75939, 675

112, 421

70288, 942!?4. 10228,834

82,9141,992

1,999

286

37,178

5,006

942!,

1,5131,124

402

12,018,900

1,272492

2,33'

3,7651,033

876531704

1,0087,

5,4891, 3451,052

391

3,739

1,768,904' 677,408

' 102, 121' 3, 405' 2. 602

' 126, S42' 438, 830

' 3, 541

'61 ,577

40,835

19, 989

752

' 122,859

' 566. 919' 83, 433

' 256, 708

1,8521,210

590

11, 9678,923

1,272492

2,347

3,7441,068

879535695934

7,768

5,3561, 3571,054

393

3,806

1, 783. 404677, 916

101. 1863,4872,652

127. 647438. S35

4,109

62, 209

41, 586

19, 871

752

125, 753

566, 53483, 502

267,491

1,7282,806

467

12,1058,956

1,273489

2,363

3,7381,093

879542689

1,0397,845

5,4491,3571,039

395

3,866

1,787,434679,064

102,1263.4332,615

130. 167436, 650

4,073

62,801

42, 679

19,371

751

126,862

564,55683.482

270,669

11,870

159

4,134

6,031

1,253

35,181

26, 888

12,1721,936

80010, 3801,600

1, 5823.485

19, 444380

01,997

1,448

624

2,053

128'

30,636

28,461

11.3172,2001,000

13,444500

1,5238.8182.9271,750

11,1942,250

3,578

11,194

181

1,247

202




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

FINANCE—Continued

CAPITAL FLOTATIONS—Con.

New Security Registrations—Con. 1

(Securities and Exchange Commission)Estimated gross proceeds (total registrations

less securities reserved for conversion)—Con.Estimated cash proceeds to be used for:

Total thous. of doL.Organization development doPurchase of:

Plant and equipment**..- doOther assets,. doSecurities for investment doSecurities for affiliation do

Increase of working capital . doRetirement of preferred stock doRepayment of bonds and notes_....doRepayment of other indebtedness..doMiscellaneous do

Securities Issued(Commercial and Financial Chronicle)]

Securities issued, by type of security, total (newcapital and refunding) thous. of dol__

New capital, total doDomestic, total do

Corporate, total doBonds and notes:

Long term do_...Short term „ . do

Preferred stocks __doCommon stocks do

Farm loan and other government agenciesthous. of dol_.

Municipal, States, etc doForeign, total do

Corporate doGovernment doUnited States possessions do

Refunding, total doDomestic, total do

Corporate, total . doBonds and notes:

Long term doShort term.. do

Preferred stocks doCommon stocks.._ do

Farm loan and other Government agenciesthous. of doL.

Municipal, States, etc doForeign, total do

Corporate doGovernment doUnited States possessions do „

Securities issued by type of corporate borrower,total thous. of doL.

New capital, total doIndustrial doInvestment trusts, trading, and holding

companies, etc thous. of doL.Land, buildings, etc . . . _ _ doPublic utilities doRailroads doShipping and miscellaneous do

Refunding, total doIndustrial doInvesiment trusts, trading, and holding

companies, etc thous. of dol..Land, buildings, etc doPublic utilities doRailroads doShipping and miscellaneous do

{Bond Buyer)

State and municipal issues:Permanent (long term; thous. of dolTemporary (short term) do

COMMODITY MARKETS

Volume of trading in grain futures:Wheat ..mil. of bu...Corn __ do.

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. memberscarrying margin accounts)

Customers' debit balances (net) mil. of dol..Cash on hand and in banks do.Money borrowed __ ...do.Customers' free credit balances do.

107,40715

2,8610

37, 518379

2,0673, 214

53, 9707,384

0

217, 94492, 80421,40821,408

15,1860

8165,406

071, 397

0000

i25,14090, 79290, 792

88, 2350

2,5580

25, 8508,498

0000

i l2 , 20021, 408

7,658

0728

1,47510, 025

1,52390, 79212, 000

01,952

76,84000

86,755209 , 1 3 4

417102

914195623272

211,052858

38,0170

38,375798

2,99718,16888,743

3623,060

395,808220,893195,89343, 521

37,38540

1,3444, 753

0152,37325,000

025,000

0174,914134,914107,702

85, 2664,000

18,4360

21,7005,513

40, 0000

40,0000

151,22343, 52118, 284

0240

21,2850

3,712107,70244, 656

00

63,04600

169,73647,031

336147

939189662252

1

125, 4241,920

10,142180

27,6690

8,40010, 49464, 5672,036

16

514,182241.001241,001

59, 544

43,9950

11,7523,798

55,000126,457

0000

273,181270, 556235,493

224, 5200

10,9740

20, 25014,8132,625

00

2,625

295.03859, 54448, 801

0394

6,4610

3,888235,493

56, 404

0416

124, 79546, 378

7,500

128, 65443,764

325138

991190754247

132,009416

2,0400

20,3990

2,13935, 52369,0582,407

0

277, 438220, 630200, 630

5,926

2,3002,600

01,026

118,14676, 55720,000

020,000

056.80956,80910,386

5,2005,000

0186

19, 25027,172

0000

16,3125, 9261,126

500630

1,1700

2, 50010,3863,986

0850300

5,000250

104,96688, 656

300104

971192713235

14,956201

3,45313

2,4160

4,2390

3,3031,331

0

540, 723377,550377, 550

23, 571

16, 7220

1,2785,571

310,09043,890

0000

163,173163,173136,115

101, 2860

34,8290

17, 05010, 008

0000

159, 68623,57120,171

0375

2,4750

550136,11511,500

086

111,02912,000

1,500

60, 422170, 769

16871

967168709222

58,8861,690

4,5343

1,965500

13,201191

36, 531267

4

239, 929162,272162,27252,979

42,8090

9369,234

4,325104,968

0000

77,65874, 65846,689

46,3660

200123

15, 02312,9463,000

03, 000

0

99, 66852, 97918, 572

00

4,20230,135

7146,68915, 301

00

31, 3S800

49,29792, 355

20281

953174699225

229, 546190

1,93624

3,6290

70,6341,034

147,4714,629

0

357,041143. 721143, 27178,160

47, 5330

1,02029, 607

1,95063,161

45000

450213,320160,820129,249

105,9130

23,3360

20, 75010, 82052, 50052,500

00

259, 90978,16075,981

5001,100

57900

181,74960,175

12, 755720

106, 5001.600

0

' 77,479105, 332

326106

831190579236

28,86525

21392

15,27846

3,770239

8,641561

0

1,312,757117, 373117,373

21, 740

18,4280

2,2201,092

1,55094,083

0000

1,195,3831,179,633151,002

126,1024,500

20,4000

1,021,4147,217

15,75010, 500

5,2500

183,24221, 740

3,987

500100403

1,50015, 250

161, 5022,000

0202

154,4004,900

0

"•107,173110,110

721137

828183561230

244,611857

7,46932

11,756194

22,824100

187. 6485,0478,684

604, 380292, 576283, 32630, 241

21,128450

5,5793,084

0253,085

9,2500

9,2500

311,804311,804251, 798

249,4630

2, 3360

20. 95039, 055

0000

282, 03930, 24112,198

00

12, 6662,7002,677

251,79879,810

0830

160,1859,4381,536

'206,28765,820

556133

834178570230

182,134335

10,4230

19, 058898

11,1014, 562

122,06113, 697

0

590,322318,201318,201

50,139

40, 3400

4,9084,891

202,55365,

272,272,180,

133,

5080000

122122438

5869,000

37,

74,17,

8520

050634

0000

230,57750,13910, 339

01,186

25,89212,435

288180, 43896,124

051

80,7880

3,475

132,61362,150

183

183589238

270, 203124

9,441110

2,495123

6,4962,417

217, 8181,807

29, 372

461, 265112,62982, 62925, 895

21,4031,4602,0101,021

056, 73430,000

030, 000

0348,636332,136300,963

291, 677500

8,73056

18,25012, 92316, 50016, 500

00

343, 35725,89517,045

500250

1,930400

5,770317,46320,123

02, 505

250, 8357,000

37, 000

' 80, 664154, 809

637151

792202556235

j

22, 635130

1,0881,586

11,914148

2,3570

4,788609

13,680

174, 37241,22141,22116,019

14, 3200

5001,199

9,95015, 252

0000

133,151133,151

74,175

20, 87553, 300

00

50,8508,126

0000

90,19416.019

1,099

0130125

13,0651,600

74,175600

0230

22, 645700

50, 000

r 30, 59064, 931

716187

856217520305

12,060461

936235

2,6320

5,10143

1,4281, 223

0

739, 540335, 860335, 860

18,200

13, 7860

3,1071,307

275,86641,794

0000

403, 680402,180157,314

157,2710

430

235,0939,7731,500

00

1,500

175, 51418, 2005,957

081

1,5059.2001,457

157,3143,443

6,250569

147,05200

• 54,90721,018

504104

894200577289

r Revised .1 See footnote m a r k e d " 1 " on p . 33.• Inc ludes r e imbursement of corporate treasuries for capital expendi tures .t Revised series. D a t a revised beginning J a n u a r y 1937; see table 26 on p p . 15 and 16 of the M a y 1939 Survey .



Monthly statistics through December 1937. to-gether with explanatory notes and referencesto the sources of the data may be found in the1938 Supplement to the Survey

1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

FINANCE—Continued

SECURITY MARKETS—Continued

BondsPrices:

Average price of all listed bonds (N. Y. S. E.)dollars..

Domestic doForeign do

Standard Statistics Co., Inc. (60 bonds)dol. per $100 bond..

Industrial (20 bonds) ..do.Public utilities (20 bonds)... ..do.Rails (20 bonds) doDomestic municipals (15 bonds). do

U. S. Treasury bondsf doSales (Securities and Exchange Commission):

Total on all registered exchanges:Market value. thous. of dol__Face value do

On New York Stock Exchange:Market value doFace value do

Sales on N. Y. S. E., exclusive of stoppedsales (N. Y. S. E.) par value:

Total thous. of dol__U. S. Government doOther than U. S. Government:

Total doDomestic doForeign. __do

Value, issues listed on N. Y. S. E.:Face value, all issues mil. of dol..

Domestic issues doForeign issues .. .do

Market value, all issues __do___.Domestic issues doForeign issues ___do

Yields:Bond Buyer:

Domestic municipals (20 bonds)...percent..Moody's:

Domestic (120 bonds) doBy ratings:

Aaa (30 bonds) doAa (30 bonds).. doA (30 bonds) do. . . .Baa (30 bonds) do

By groups:Industrials (40 bonds) doPublic utilities (40 bonds) doRails (40 bpnds) do

Standard Statistics Co., Inc.:Domestic municipals (15 bonds) do

U. S. Treasury bondsf do

Stocks

Cash dividend payments and rates (Moody's):Annual payments at current rates (600 com-

panies) .mil. of dol..Number of shares, adjusted millions..Dividend rate per share (weighted average)

(600 cos.) .dollars..Banks (21) doIndustrials (492 cos.) doInsurance (21 cos.) doPublic utilities (30 cos.) _do.___Rails (36 cos.) do.

Dividend declarations (N. Y. Times):Total .thous. of dol_.

Industrials and misc doRailroads . do

Prices:Average price of all listed stocks (N. Y. S. E.)

Dec. 31, 1924=100.Dow-Jones & Co., Inc.: (65 stocks)

dol. per share._Industrials (30 stocks)... doPublic utilities (15 stocks).. .doRails (20 stocks) .do

New York Times (50stocks).__. ___doIndustrials (25 stocks) doRailroads (25 stocks) _ do

Standard Statistics Co., Inc.:Combined index (420 stocks) 1926=100..

Industrials (350 stocks) doCapital goods (107 stocks)*.. doConsumer's goods (194 stocks)*__.do

Public utilities (40 stocks) doRails (30 stocks) do . . . .

Other issues:Banks, N. Y. C. (19 stocks) do. . . .Fire and marine insurance (18 stocks)

doSales (Securities and Exchange Commission):

Total on all registered exchanges:Market value. _ mil. of dol_.Shares sold thousands..

91.2495.0551.23

83.087.0

101.860.2

117. 5104.6

135, 515193, 891

105,994159, 374

151,6855,628

146, 057123, 23022, 827

52. 43547', 869

4, 56647, 83945, 5002;339

2.72

3.70

3.003.163.784.85

3. 253.414.44

2.692.46

1,573.05935. 03

1.683.011.612.391.951.25

659,512608,149

51, 362

63.2

51.01149. 98

25. 6833.38

108. 59192. 2824.90

94.2110.9137.2]02.087.331.6

58.7

91.9

8441 35,252

90.3493.3361.02

82.186.999.360.2

116.6104.0

139, 760207,719

107,389169,415

155,8684,419

151,449130,13321,316

50,30145,6404,661

45,44242,5972,844

2.83

3.95

3.103.464.025.23

3.393.654.83

2.742.50

1, 328.16929.10

1.433.001.292,241.941.05

509,160486, 39622,765

64.1

50.32151. 9623.3531.29

105. 29186. 9923.59

94.7113. 6142.6102.180.930.0

49.6

87.4

1,30653,496

91.2794.3560.11

81.186.098.758.6

116.5104.1

146,188259,364

116,550221,469

217,6096,535

211,074185, 52825,546

51, 55446,9204,634

47,05344,2682,785

2.78

3.95

3.083.424.025.27

3.403.634.82

2.752.49

1, 315. 04935.03

1.413.011.282.311.92.85

247,569229,91617,653

66.2

49.32150.1221.9430.52

105. 36186. 9923.74

92.0110.6139.498.577.928.8

47.7

85.3

1,22552,913

91.0394.2558.55

81.986.299.759.7

117.3104.4

157,278224,622

119,160178,731

159,6117,581

152,030131,49020,540

51, 58746,9334,654

46,95844,2332,725

2.76

3.86

3.013.323.975.12

3.313.574.70

2.702.47

1,316.25935.03

1.413.011.282.311.91.90

194,118181, 48012, 638

62.6

49.13146. 8723.3031.20

102. 73181. 8223.64

91.8109.3136. 497.881.229.8

50.0

86.1

1,12947,393

91.8595.0159.68

82.186.4

100.759.0

117.3104.8

126,687166,855

86,903121,222

118,9934,871

114,12296,72217,400

51,46646,8624,604

47.27144,5242,748

2.80

3.81

3.003.263.945.05

3.293.524.63

2.702.44

1,329.91935.03

1.423.011.302.311.91.90

303,839289, 412

14, 427

64.4

48.68144. 6024.9430.31

102. 22181. 2123.24

90.1106.3130.996.583.828.0

51.1

85.7

65526,057

91.8094.9958.43

83.187.1

101.360.9

117.9106.0

179,440245,123

137,021195,394

185,51311,889

173,624139,90933,715

52,67048,0714,599

48,35245,6652,687

2.72

3.74

2.993.223.874.89

3.293.484.46

2.672.34

1, 334.15935.03

1.433.011.302.311.92.90

186,095182, 522

3,573

57.0

48.99145.0624.8431.07

100. 59178. 0123.18

91.7108.0133.398.785.829.7

53.fi

87.0

1,05840,384

91.5694.8357.40

79.483.899.754.5

116.4106.6

119,057165,925

92,210133,554

122,8047,459

115,34593, 39621. 949

52, 56447,9754,589

48,12845,4932,634

2.78

3.84

3.023.223.975.15

3.353.514.66

2.752.30

1, 337. 76935.03

1.433.011.312.331.92.90

154,076147,635

6,440

56.6

42.68127. 7322. 0525.7590.46

161. 5119.41

81.995.9

115.488.780.024.8

50.4

81.0

88242, 614

92.9296.0959.73

80.284.8

101.054.8

118.1108.3

125,737167,691

93,060130,243

123,1047,390

115,71498, 42317,291

52,64748,0564,591

48,92146,1792,742

2.66

3.78

2.973.163.925.07

3.303.454.60

2.662.17

1,339.27935.03

1.433.011.312.331.92.90

377, 394358, 41718,976

60.2

44.43132. 5623.0527.0294.19

167. 7320.67

83.197.0

115.591.582.425.0

53.7

84.3

60323,131

92.0895.3457.79

81.486.2

101.656.2

118.6109.1

127, 703169,641

91, 785129, 260

126, 5706,821

119, 749102,18917, 560

52, 75148,1664, 585

48, 57145,9212,649

2.66

3.71

2.923.133.864.91

3.233.424.47

2.632.13

1, 382. 43935.03

1.483.011.372.391.94.90

220,175200, 698

19, 477

57.0

45.66136. 5223.6627.5996.95

173.1220.79

86.0100. 5120-095.484.725.9

55.2

89.3

55621,916

93.1596.4658.46

81.686.3

102.156.4

118.3108.9

121, 420162, 425

87,837123,949

119,4315,137

114, 294100,62213,672

52, 61048,032

4, 57849.00746, 3312,676

2.67

3.66

2.893.073.834.84

3.173.394.42

2.652.16

1,391.46935.03

1.493.011.382.391.94.87

181,033167,16713,866

62.2

46.82139. 2624.9628.2999.74

178.0321.45

86.1100.6120.996.284.925.7

55.0

89.8

77430,892

90. 5994.0554.50

81.085.8

101.755.5

116.5108.2

122, 908159, 770

89,189121,165

111, 3948,730

102, 66485, 00117, 663

52, 20947, 6424,567

47, 29744,8082,489

3.21

3.67

2.933.113.804.85

3.213.404.41

2.752.21

1, 422. 99935. 03

1.523.011.422.391.94.90

310, 284296,16814,116

57.9

46.47137. 8825.6827.0799.44

178. 2120.68

86.3100.5121.596.987.025.4

54.0

88.2

76931, 762

88.5092.4147.29

80.985.098.659.0

107.1101.9

417, 429498,100

384, 237459, 821

480, 789227,101

253, 688227, 99725,691

52, 46647,917

4, 54946, 43144, 2792,151

3.30

3.95

3.253.494.055.00

4.583.703.57

3.292.65

1,423.82935. 03

1.523.011.422.391.95.90

193,698191,364

2,334

65.9

50.47150. 72

24. 3631.97

110.38195. 8624.91

92.4109.4138.198.384.329.7

58.7

87.6

2,20593, 435

90.7994.5950.55

82.986.4100.561.6110.7102.6

162, 275229, 653

131,901194,212

170,08914, 203

155,886134, 81621,070

52, 45247, 9224,531

47, 62145, 3312,290

2.93

3.83

3.153.353.944.88

3.433.574.51

3.082.60

1, 442. 45935.03

1.543.011.452.391.95.90

199,969192, 9157,053

65.8

51.80152.1525.6434.27110. 33194. 8225.84

95.3112.7141.9101.686.032.9

59.9

90.7

1,18443, 293

•New series For data beginning 1926 see table 24, p. 18, of the April 1939 Survey.tRevised series. Revised data for U. S. Treasury bond prices beginning 1931, and U. S. Treasury bond yields beginning 1919, appear in tables 17 and 16, p. 18, of the

March 1939 Survey.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

FIN AN CE—Continued

SECURITY MARKETS—Continued

Stocks—C ontinued

Sales (S. E. C.)—ContinuedTotal, on all registered exchanges—Con.

On New York Stock Exchange:Market value mil. of dolShares sold _ _. _ thousands

Exclusive of odd lot and stopped sales(N Y Times) thousands _

Shares listed, NT. Y S. E.:Market value, all listed shares mil. of dol..Number of shares listed . . . millions .

Yields:Moody's, common stocks (200). percent..

Banks (15 stocks) do

Insurance (10 stocks) doPublic utilities (25 stocks). _ doRails (25 stocks) do

Standard Statistics Co., Inc., preferred stocks:

Industrials, high-grade (20stocks)...percent-

Stockholders (Common Stock)

American Tel & Tel Co total numberForeign _-. do

Pennsylvania Railroad Co., total do ._Foreign do

U. S Steel Corporation, total - do -Foreign doShares held by brokers percent of total

72327, 445

19, 220

45, 5051,432

4.54.24.43 95.34.6

4.98

1,15741,923

27,923

46,0811,427

3.85.03.33.95.93.6

4.92

1,06539, 954

27, 490

47, 4911,424

3.64.83.14.15.72.9

4.94

646, 6717.173214. 532

2.874168,399

3,08424.89

98637,051

25,186

44, 8841,425

3.84.83.44 15.63.5

4.94

56119, 538

13,877

46, 2711,426

3.74.63.34 05.33.2

4.94

91631,150

24,565

40, 9211,427

4.24.83.84.35.83.9

4.92

645, 0337.153213. 143

2.853167, 650

2,99824.78

77933,775

20, 247

40, 6731,427

4.24.83 94.45.74.0

4.99

52317,897

12,933

43, 2301,427

4.04.43.74 15.43.7

4.94

47416,050

11,967

41,0051,429

4.44 54.14 25.74.1

4.87

642 2937, 104212 358

2 832169. 079

3 28825.54

67724, 519

18, 066

44,7621,430

4.14 43.84 05.23.5

4.88

66924, 554

17, 372

41, 6531,430

4.54 64 24 35.54.1

4.92

1 97075,192

57, 081

47, 4401,431

3.93 93.64 15.42.8

5.14

639 0197,003211 014

2 807168, 176

3 28626.00

1,04534, 998

23,734

47,3741,431

4.04 03.74 05.33.0

5.09

FOREIGN TRADE

INDEXESExports:

Total value, unadjusted 1923-25=100..Total value, adjusted do

U. S. merchandise, unadjusted:Quantity doValue .doUnit value... . .do

Imports:Total value, unadjusted doTotal value, adjusted do

Imports for consumption, unadjusted:Quantity.. 1923-25=100..Value doUnit value do

Exports of agricultural products, quantity:Total:

Unadjusted 1910-14=100--Adjusted... d o . . . .

Total, excluding cotton:Unadjusted doAdjusted do

? A L U E §

Exports, incl. reexports thous. of doL.By grand divisions and countries:

Africa doAsia and Oceania .._ . .do

Japan doEurope _ do

France doGermany doItaly doUnited Kingdom „ do

North America, northern.. doCanada do

North America, southern doMexico do

Sourh America... doArgentina doBrazil . doChile _ do .—

By economic classes (U. S. mdse. only):Total thous. of doL.

Crude materials doCotton, unmanufactured do

Foodstuffs, total. .doFoodstuffs, crude doFoodstuffs and beverages, mfrs do.__.Fruits and preparations doMeats and fats doWheat and Hour _ do

Manufactures, semi- doManufactures, finished do

Aufos and parts _ doGasoline do.Machinery.. do.

Qeneral imports, total do.By grand divisions and countries:

Africa _.do_Asia and Oceania do

Japan do_

7767

1167767

7373

1196757

292, 582

8, 99758. 57725. 243

104. 39913, 239

36. 029

31,48552. 11 a51,26229.510

8, 70038. 9Sfi

9. S87

3,625

286. 89158.31830. 50322, 05,05, 38017. 2705, 7384. 0573. 07863. 200142,71019, 8707,52438.637235. 402

9 03377, 09518,985

58

1066763

5555

252, 231

9,76748, 49419, 104

110, 19213, 7888,6205. 091

43. 23838. 99238.51321, 473

5, 23923.3146,7965,1431,741

249. 69459, 86725,01629. 47412.04517. 42910, 1164,1134.473

39.955120. 39925,417

8. 51634. 550

176,181

4, 06956. 03314,053

71

67 I1 1 1 I

72 j64

53 I54

268,756

13,18561,59128, 528

112,67211, 1348,3175, 141

46, 82529, 06728, 45823, 7055.829

28, 5387,7366,7492,139

266,17149.37619, 04828, 42211, 17017, 25210. 000

4, 2044. 588

50.499137, 874

29. 10112.29240, 908

171,474

4,14552, 13012, 020

5655

915662

5555

1005353

6861

9998

212,908

8,07542, 44517,69295, 83010,818

6, 3954.381

42, 46227, 06126. 68420, 801

5. 58118. 6953,1144,9681,736

210, 25836,39114,97531,05116, 44314, 608

7, 2274, 5968,201

35. 452107, 36521,3967,449

31.217178,201

3.74151.81811, 285

5863

925863

4949

894854

6166

8795

218, 559

8, 52346. 40617,48495. 44510, 6535,1763.889

38. 67826, 25825, 70420, 453

5, 92821,4724,0675,1201,480

216,03636,48513, 73226, 55311,40215. 1516,4044,1457, 403

34. 868118.128

25. 3356,367

34, 605158,035

6,47942. 780

7,896

7170

1137163

5953

1126054

6869

9292

268, 364

11,56060, 56523, 573

108, 14312,614

6, 4465, 056

41,87433, 09232, 29827, 5987,991

27, 4075,2816,6642,188

264, 57840, 07216,95827. 96612, 28715, 6797.0174.7246, 406

45. 658150. 882

28. 5048,378

49. 390190,437

6.96459, 9529,707

6164

986162

5853

1075854

4755

7278

230,947

10,10149, 24316, 14788, 80912, 4684,8064, 130

34.31135. 05534. 53523. 4626, 320

24, 2774.0686,0071,479

227. 59726,0169. 185

23. 6219.810

13.8116, 6563.6985, 459

41.008136. 951

24, 9216,813

43. 882186,195

8,57151,16210, 607

6670

1076662

6361

1116155

5262

9195

249, 259

8,53054. 16521,39497, 95512, 9446,2944.460

37,41043. 58342, 63722. 356

6, 29822, 6694,9185,4171,621

245, 91330, 243

7. 45826, 92710.80816. 1195,8444, 8517. 601

48. 247140, 495

23. 75310.11944.401

202, 502

8,64059, 45410,747

6270

1016362

5558

1025655

3546

5663

236,058

9,99649, 97114, 76985,71110,8075,2994. 263

36, 60440, 45239. 87423.3587.922

26,5716.1135,1932, 651

233, 35925, 7136, 157

19. 5216. 026

13. 4953.5234,9974.079

48. 462139,664

20, 3879,453

42,191178, 953

4, 46957,08011,237

6069

996162

5257

985355

3651

6066

229, 623

10, 27043, 86612, 55187 78714, 894

5, 4063,721

33. 45241, 00840. 07421, 850

5. 50524, 8476,2686,2421,596

226, 73729,667

5,97019, 7194,671

15, 0484,4235,2213,837

45, 994131.357

18, 5207,628

43, 654168,925

4,49753, 0408,716

6672

1086762

5457

1025655

5163

6970

250, 839

8,37643, 36012, 126

113,95422, 269

6, 8683,027

47, 43443, 16242, 33220, 1204,606

21, 8674,6755,1351,818

248.14836, 49911,86924, 3298,384

15, 9457, 1994, 0365, 465

53, 504133,817

14. 8938,746

43,611175, 756

5,70254, 33913,171

7672

1177665

5659

1126356

8772

1318766

6765

1166556

11182

8372

288,573 j 332,079

8,95950, 63219. 347

121,30112, 132

6074,834

60, 33953, 16552, 15629, 116

5,78125, 4014,9425,9972,020

284, 04166. 84735, 66128, 7867,477

21,3099,0144,4344,270

58, 993129,415

12, 4579,728

40, 143181, 461

3,34160,51119, 520

10, 38562, 78023, 367

127, 69012. 55539, 0906,301

52, 92462, 84761,71533, 1028,579

32, 9606, 9898,6092,667

323,16878, 44947, 25437, 76010.21327. 54713,7774,8763,604

64, 537142, 422

18. 9009. 256

42, 316215, 281

5,22964, 19720,438

SRevised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.



Monthly statistics through December 1937, to-gether with explanatory notes and referencesto the sources of the data may be found ia the1938 Supplement to the Survey

1939

Novem-ber

1938

Novem-ber

Deceraber

1939

Janu-ary


tember October

FOREIGN TRADE—Continued

VALUE §—Continued

General imports—Continued.By grand divisions and countries—Continued.

Europe thous. of <loL.France doGermany doItaly do—.United Kingdom.. do

North America, northern doCanada do

North America, southern doMexico _ do

South America doArgentina doBrazil do._.Chile do. . .

By economic classes (imports for consump-tion):

Total thous. of dol.Crude materials ..doFoodstuffs, crude do. . .Foodstuffs and beverages, mfrs doManufactures, semi- doManufactures, finished do

60,3446,3(32. 6564, 9«fi

13, 57736, 10934,83315, 166

5, 35237. 0536,689

12, 3956,629

214,45475,38627,88121.77748,61440, 795

54.6235,1916.9233,656

12.89825,83925. 23212,5663,084

23,0513,5669,1501,567

171,65252, 35523, 78822,99535,17237, 342

53,6095, 5866,2563,397

12. 25124,30023. 55412, 7534.748

24, 5384,2529,1912,457

165, 52253, 46523,09320,88735, 26532,812

51,2734,7035,2313,266

11,33126,13625. 22217,9245,429

27,3096,6338,4203,277

169, 32353,89026. 77416.63837,15834,864

47,7225,2344,9302.669

10,99520.30220,12918,6505,270

22. 1026,08fl7,6672,272

152, 52848,07322. 94718. 63534,04728,827

62,2985,6925,1713,976

11.97123, 55923.12822, 7326,326

24.9325.4609,4212,583

191, 22659, 50728, 20526, 29638,82238,396

57, 5745,411

13,8293.289

11,57220, 16325.67119,4064,442

23,3194.3577,8673,813

185,80054.94024. 05325. 03637.93643,836

58,9467,1222,8853,289

15,19228,85028, 32322, 1783,995

24, 4344,3557,4202,750

194,19362, 27725,88626,06239,85740,411

46,0094.9033.3492.711

11,66426, 96426, 53319,2994.365

25. 1323. 9529.1P02,468

178. 40554.72522,51827. 72538.^3334,804

44,4965,1463,9752, 264

11,08126,99325, 55718,5303,627

21,3703,2076,6571,822

170,45150,04121. 75927, 79936,91233,939

48,1505,7083. 7972. 080

10, 99026. 68125. 97018, 490

3, 53422,3944,7878,2811,691

180, 37960, 96220, 77827.60535, 65135,383

41,5163.8511,8152,401

10,96734,23333, 12519, 6553.460

22, 2063, 8038, 3511,813

199,48367, 60619.46538,41238. 27535, 725

53.8532, 9941, 5575.123

14, 60540, 42639,82722,0294,379

29,5485,055

11,3903,728

207,14070. 50024,89827, 72245,41638,604

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Express Operations

Operating revenue thous. of dol..Operating income.— do

Electric Street Railways

Fares, average, cash rate cents..Passengers carried t thousands..Operating revenues . . thous. of dol. .

Class I S t e a m Railways

Freight-carloadings (Federal Reserve):Combined index, unadjusted.._ 1923-25=100 __

Coal - doCoke doForest products. d o . . . .Grains and grain products . . doLivestock.- doMerchandise, 1. c. 1. .__ doOre doMiscellaneous.. . „ do

Combined indei, adjusted.. doCoal .. doCoke doForest products doGrains and grain products._ . .doLivestock . doMerchandise, 1. c. 1__ d o . . . .Ore doMiscellaneous.. do

Freight-carloadings (A. A. R.):1Total cars . . . thousands..

Coal d o . . . .Coke doForest products doGrains and grain products doLivestock do.__-Merchandise.l. c. 1 doOre .doMiscellaneous do

Freight-car surplus, total . . . _._ doBox cars doCoal cars do

Financial operations:Operating revenues, total thous. of dol . .

Freight _ . . . doPassenger do

Operating expenses doNet railway operating income doNet income . doOperating results:

Freight carried 1 mile mil. of tons..Revenue per ton-mile cents..Passengers carried 1 mile millions..

Wate rway TrafficCanals:

Cape Cod thous. of short tons. .New York State doPanama, to ta l . . thous. of long tons..

In U. 8. vessels .do__..

7,864789, 420

8387

10050835064

105918280

10051884163

19189

3,04060147

14214867

616182

1,2361084735

368, 027310.434

29, 289256,17070,346

485

2,4731,031

9,240131

7.889775, 46155,274

707658397653624176697058408144617474

' 2, 528' 5 0 9

2630913769

59465

1,0181758551

319,629264,120' 30,176231.204' 49, 6»2

7,422

28,4711.0041,564

327845

2,224789

11,338920

7.888838, 70760,028

647858377240592367696953438341619274

2,949664351311636770844

1,13822110671

318, 336251, 32037,913

232. 70449,37322, 225

28,133.9811,928

3480

2,374807

8,58671

7.888790, 12056,869

6376643771405922656967554279416210276

2,302515301031296356133

87821810667

305, 769246, 80334, 785232. 94632, 891* 8, 721

28,152.9641,790

3420

2,393753

8,49972

7.873737, 16463,361

627662356431602264676546367038629375

2,29752930991164267734

87020910283

276,904224.81930. 237

220, 62018, 591

< 24,364

25,553.9721,555

3260

2,207

9,10776

7.873835,13659, 702

636657366732622170666255367340628673

2,390478291051254261233

9672029567

315.091257,46931.201

240. 35934,317

< 10, 505

28,831.9881,618

3170

2,664873

9,16567

7.864788,94156,628

58

37623172604356387640617570

2,8323502914015961

77568

1,26126586146

282,118224. 58831,791

227. 62218,258

* 27, 896

23.9831.0351,681

362101

2,473892

9,454

7.864811, 58458, 222

624440417336618173625142408140615870

2,37229719

12113749612121

1,0162119087

302.618243, 64131. 758237,41125, 101

d 18, 594

25, 7371. 0451,725

363735

2, 539921

9,374

7.864763.03855,383

6758474289306110874676851409036616471

8,1495032815120250

744209

1,2611757965

321,617255, 76338, 436241,78639, 095* 1, 685

28, 465.9872,075

396586

2,437905

7.864710,18651,907

7064524311134611127469766243

625972

2,5494292411820044

5831679831667953

332,436265, 08641,269241,90249,0126,578

29,824971

2,355

369538

5,318

9,10563

7. 864722, 98752, 699

7169574490376212575707869427537626774

2,6894762712617048615192

1,0341317034

844, 400276, 70739, 821247, 62254, 58610, 053

81,389.9022,283

414687

2,385971

9,69662

7.864747,17554, 561

8589784999576514992778582458845638582

3,8447404517121990780277

1,523703316

381,118314,40037, 146251,16786, 43541,078

36,115.9412,097

434615

2,4461,034

9,56074

7.864814,96559, 309

969552876265160978087955087446210886r '

3,3756764635216584640253

1,358683415

419, 717355, 10433, 367271, 538101,616

56, 521

40, 066

513717

2,3861,037

'Revised. * Deficit.IData for December 1938. April. June and September 1939 are for 5 weeks: other months, 4 weeks.fFor comparable monthly figures. January 1929-December 1936, see table 10, p. 15 of the March 1939 Survey. Data shown in that table beginning January 1937 have been

revised; see p. 37 of the April 1939 Survey§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the Apri] 1939 Survey.



Monthly statistics through December 1937, to-gether with explanatory notes a n d referencesto t he sources of the data may be found in the1938 Supplement to the Survey

1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April May June July August Sep- i Octo-

tember ber

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION—Continued

Waterway Traffic—Continued

Canals—ContinuedSt. Lawrence thous. of short tons..Sault St. Marie do._Suez thous. of metric tonsWelland thous. of short tons..

Rivers:Allegheny doMississippi (Government barges only)..doMonongahela doOhio (Pittsburgh district) do

Clearances, vessels in foreign trade:Total, U. S. ports thous. of net tons

Foreign doUnited States do

Travel

Operations on scheduled airlines:Passenger-miles flown thous. of miles..Passengers carried number ._Express pounds..Miles flown thous. of miles..

Hotels:Average sal9 per occupied room dollars..Rooms occupied percent of total..Restaurant sales index 1929=100..

Foreign travel:Arrivals, U. S. citizens.. number..Departures, U. S. citizens doEmigrants doImmigrants doPassports issued do

National Parks:Visitors doAutomobiles do

Pullman Co.:*Revenue passenger-miles thousands .Passenger revenues thous. of dol..

COMMUNICATIONS

Telephone:Operating revenues thous. of dol..

Station revenues doTolls, message do

Operating expenses.... doNet operating income ! doPhones in service, end of month. ..thousands._

Telegraph, cable, and radiotelegraph carriers:Operating revenue, total -thous. of doL.

Telegraph carriers, total doWestern Union Tejesraph Co.. revenues

from cable operations thous. of doL.Cable carriers doRadiotelegraph carriers do

Operating expenses doOperating income doNet income do

1,07310,438

0)1,535

303192

2,4941,427

67,031171,557844,413

7,408

3.446197

1,641

1,0654,4662,2701,652

244215

1,710991

5,6784,0371,641

46,090113. 621685,3895,776

3.476094

15, 64916,1032,1576,8445,589

77, 75023, 783

585. 2893,912

98, 53164, 89724, 95967, 43418,94617, 593

10, 7519,114

522830807

9,99169

5323

2,422181

180171

1,7981,074

5,0623,8131,249

41, 59499,119761,0905,665

3.2854

16,61418, 7652,6638,0425,184

57, 67716, 798

687,3694,488

101, 55266,18826, 59169. 44418,83517, 704

12, 40810, 553

570976879

10, 7561,041291

00

2,1660

175183

1,5681,003

4,6703,5391,132

38,40389,002

577, 9825,453

3.2164

19, 55624,307

2,3445,6615,927

74,83420, 587

793, 2295,263

99, 23465,81524, 73167, 28118, 52717, 735

10, 5498,829

527856864

9,81615

00

2,2770

135124

1,557880

4, 7343,6071,127

35,00281,131564. 9285,032

3.2863

25, 59028, 2241,4795,9594,865

62,84817, 618

654,8964,473

96,06464, 50422, 95464.15518, 43817, 808

9,9878,436

463756795

9,319d 17

00

2,5610

199136

1,7421,114

5,4244,1601,263

49, 445117,071685, 2746,125

3.156484

31,90921, 6731,7028,0768,383

72.28021, 779

715,4204,769

101.61066, 49126, 49868, 45619, 47917, 897

11,5779,717

901960

10,031814

5043

2,569200

101169348469

5,2804,0381,242

53,483133, 469663,884

6,268

3.376399

25,37421, 575

1,8517,0638,839

164, 73648,892

684, 4444,447

100.08366,16225, 27565, 68320,57617,974

11,0129,383

502768861

9,809512

' 3 8 7

1,1895,7992,4761,324

13667

661655

6,2414,7661,475

63,361162,682725,061

7,122

3.206390

19,80019,0112,0776,049

16,080

248,07573,402

631,5294,147

102,64666, 87527,10168,98319, 83218,055

11, 73510,065

514790880

10,289699

<*229

1,1618,6222,2201,580

230145

1,6881,265

6,6674,9711,696

70,199179, 055824, 6307,183

3.346295

20,88924, 7883,1684,51221,013

471, 624136, 576

769,8194,842

102,11966,52126,92368,18420,02718,072

11, 72110,113

501774834

10,14288643

1,1199,598(])1, 659

242191

1,7041,400

7,0825,2801,802

72,918185, 643725, 9227,541

3.295785

29, 87242, 2463,1634,69410, 393

916,175249,905

801, 5144,990

99, 82464, 69026, 38367, 73818, 39818,102

10, 6769,189

451707780

10,028a 77

d 951

1,28410, 552(J)1,713234228

1,9491,411

7,2805,5511,729

75,145194,418933. 9657, 639

6193

44, 50138, 5737,0062,9507,444

875, 682238,296

764, 7064,855

101, 79365,06027,94268,65019,26818,160

11, 583

542802893

10,146695

<*222

1,21611, 493

0)1,564

279150

2,0771,355

6,3064,5371, 769

75. 800192, 544981, 462

7,442

3.356489

40,29526,656

5,5182,3011,843

433,014131, G31

736, 3254,679

103, 84365, 69629, 36167, 21022, 38618, 263

14,11711, 079

9001,4171.622

10, 5482, 6831,877

1,21512, 3530)1,748

320••181

2,4571,443

77,468194,216948, 501

7,626

3.396793

1,759

247,14974, 366

696,1864,467

105, 52068, 45328, 31869,15722,24018,357

12, 3509,995

6841,0921,263

10,1471, 413

503

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Alcohol, denatured:Consumption thous. of wine gal..Production doStorks, end of month do

Alcohol, ethyl:Production thous. of proof gal..Stocks, warehoused, end of month. doWithdrawn for denaturing doWithdrawn, tax paid do

Methanol:Exports. reflned§ gallons..Price, refined, wholesale (N. Y.).dol. per gal..Production:

Crude (wood distilled) thous. of gal..Synthetic do

Explosives, shipments thous. of lb_.Sulphur production (quarterly):

Louisiana long tons..Texas do

Sulphuric acid (fertilizer manufactures):Consumed in production of fertilizer

short tons..Price, wholesale, 66°, at works

dol. per short ton. .Production short tons. .Purchases:

From fertilizer manufacturers doFrom others do

Shipments:To fertilizer manufacturers.. doToothers. ..do

13,06813,0601,479

21,78714,16822, 9442,282

123,995

4,61235,477

16.50

10,30810,1861,233

15.16423, 27717, 2492,439

12,648.36

3442,61829, 385

147, 592

16.50171,106

31,18218, 494

37, 75238, 447

10, 43410,4781,279

16, 78120,89517, 3911,841

25,990.36

3572,844

28, 415

68,900478, 774

148, 289

16.50176,923

20, 60427, 515

33. 08040,915

6,7226,8271,379

17, 06724, 43311,4011,691

24, 355

3522,46329,258

142, 451

16.50181, 386

20, 41822, 343

38. 08540, 850

6,5586,4461,260

14, 65026,07211,1981,363

26, 359.36

3362,267

26, 592

138, 273

16.50

18, 75123, 778

39,16735, 545

7,5787,6161,294

17,43827, 74113, 2021,851

10, 806.36

3652,407

27, 801

83,260405, 263

119,081

16.50169,952

11,95117, 508

35.10042, 864

7, 5237,7191,485

17, 85729, 62513, 2532,074

24,195.36

3892,27626,341

112, 593

16.50145, 689

15, 02116, 542

33, 20235, 528

8,2038,4901,766

18,65531,07815,0312,009

18,441

3541,779

29,315

16.50155,902

8,85320,771

38,12338,835

7,9448,1661,982

16,83830,86015, 029

1,858

108, 084.36

3442,295

30,210

105,895357,819

106,137

16.50140, 580

10, 53525, 614

36, 96643, 369

7,3957,4372,015

17, 64332, 23213, 8231,765

195, 034.36

3782,495

27, 652

104, 378

16.50139,248

18, 63517, 067

25, 80445, 376

9,2029,1902,007

18,53932,91916,0501,780

28, 373.36

3602,679

32,700

115,119

16.50161, 791

19, 25215, 568

45,39643, 346

12,84812, 625

1,776

18,10425,91322, 3152,187

28, 337.36

4052,640

35,933

106, 795372, 655

134,287

16. 50153, 897

30, 04033, 590

37, 57444, 089

15, 45315,1811,496

20, 96517, 97426, 033

2,248

263, 588.36

4634,158

40,612

175, 33S

16.50205,024

31, 77440, 049

42,83557, 410

r Revised. d Deficit. a Less than $500. i Tempora r i ly not available.• N e w series. D a t a for P u l l m a n Co. revenue passenger miles beginning 1915 and passenger revenues beginning 1913 are given in table 7, p . 18, of the J a n u a r y 1939 Survey§ Revised series. Da t a revised for 1937; see table 19, p. 14. of the April 1939 Survey .



Monthly statistics-through December 1937, to-gether with explanatory notes and referencesto the sources of the data may be found in the1938 Supplement to the Survey

1939Novem-

ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

CHEMICALS AND ALLIED

Far7 March April May June

PRODUCTS—Continued

July August Sep-tember October

FERTILIZERS

Consumption, Southern statesthous. of short tons_.

Exports, total§ long tons..Nitrogenous§ . doPhosphate materials! doPrepared fertilizers! do

Imports, total§ . . doNitrogenous, total§ do

Nitrate of soda§-_ doPhosphates§ . doPotash§ do

Price, wholesale, nitrate of soda, 95 percent(N. Y.) dol. percwt..

Potash deliveries* short tons_.Superphosphate (bulk):

Production short tons..Shipments to consumers doStocks, end of month do

NAVAL STORESRosin, gum:

Price, wholesale "H" (Savannah)dol. perbbl. (280 lbs.)-.

Receipts, net, 3 ports bbl. (500 lbs.)..Stocks, 3 ports, end of month do

Turpentine, gum, spirits of:Price, wholesale (Savannah) dol. per gal..Receipts, net, 3 ports bbl. (50 gal.)..Stocks, 3 ports, end of month do

OILS, FATS, AND BYPRODUCTS

Animal Fats and Byproducts and FishOils (Quarterly)

Animal fats:Consumption, factory thous. of lb__Production doStocks, end of quarter. do

Greases:Consumption, factory __doProduction _doStocks, end of quarter do

Shortenings and compounds:Production __doStocks, end of quarter do

Fish oils:Consumption, factory doProduction doStocks, end of quarter do

Vegetable Oils and Products

Vegetable oils, total:Consumption, crude, factory (quarterly)

mil. of lbExports thous. of lb_.Imports, t^tal§ do...

Paint oils§ do...All other vegetable oils§ ___do__.

Production (quarterly) mil. of lb.Stocks, end of quarter:

Crude.. do...Refined ..do...

Copra:Consumption, factory (quarterly)

short tons.Imports _.__. do._.Stocks, end of quarter do...

Coconut or copra oil:Consumption, factory:

Crude (quarterly) thous. of lb.Refined (quarterly) do...

In oleomargarine __.do__.Imports! do...Production (quarterly):

Crude do...Refined.. do_.

StocJcs, end of quarter:Crude .do...Refined do...

Cottonseed:Consumption (crush)...thous. of short tons..Receipts at mills _ doStocks at mills, end of month do.

Cottonseed cake and meal:Exports short tons..Production doStocks at mills, end of month do

Cottonseed cil, crude:Production thous. of lb.Stocks, end of month do

Cottonseed oil, refined:Consumption, factory (quarterly) do

In oleomargarine do.Price, summer, yellow, prime (N. Y.)

dol. per lb._Production thou?. of lb..Stocks, end of month do

10879,2707,63855,009

486109, 670101, 33566, 4072,7994,214

1.450P 56,110

5.34

16,02281, 6746,943

74, 731

31, 790

2,15434, 744

643664

1,287

1,403288,050206, 931

201,656184, 062

9,701

.099163,052490, 215

146147, 58720,207123, 339

413116,29850. 2314,8516,04658, 730

1.45069, 798

326, 79417, 717

1,322,306

4.8997, 664660, 252

.2918,364134, 460

2,20494,98215, 41479,568

15, 437

7,02339, 792

'633'623

r 1, 565

1,235285,692315,102

194,737170,072

10, 807

.074161,897503,617

217133,29525,119101,186

72149,79878,12432. 3363,42166,897

1.450101,438

343, 20417,147

1,361,127

4.3448,095678, 731

.2810, 593133,921

222, 460505, 816312, 725

44, 48087, 25361,276

370, 75955, 662

71, 664102,193258,352

9972,65692, 61310, 52582,089

977

870

58,41426. 74536, 525

150,92278, 5737,204

34, 725

73, 68?82, 743

202, 30)13,332

534327

1, 353

4,468237.933313, 348

163, 035175,377

301.39810, 577

.074143, 823563,794

43685, 54211,31771,045

83141,898118,15963,854

90320,186

1. 4502,489

322, 21129, 340

1,298,883

4.9020, 473657,839

.252,390

123, 584

2,81591, 69211,41480, 278

20,967

7,24423,101

451152

1,054

407205, 494289, 286

145,077178, 203

9,884

.071133. 022609, 950

62785,09515, 64566, 552

340109,932101,39654, 552

9696,795

1.4502,632

312, 28454,893

1,288,536

5.2113, 757642,825

.261,908

118, 954

4,13685,4668,16977,298

17,491

5,29529,122

36795782

189169,766245,221

116,438180, 666

9,412

.067110. 492633, 329

1,476123, 6876,723

97,983476

138, 782116,80642,9203,59917, 235

1.4505,2.50

301,694161,202

1,106,679

5.6519,367

609, 502

.293,256

109, 626

233,456501,165346, 321

48,18286, 41954,170

354,69251,163

66,51247, 713

242, 725

9523, 994

98,01010, 70887, 302

832

760

59, 47322, 63035,816

154, 40864, 9574,729

41, 370

75,45775,064

202, 32213, 735

399136518

3S9188,051196, 544

129, 265177,466

285,2309,678

.069131.956642,463

1,271136, 328

5,365123, 270

343191, 057167, 558115,188

1,46216, 580

1.4508,379

286, 747216, 871815,911

4.8643, 810

615,381

.249,799

107, 339

4,20260, 45512,13648, 319

11, 643

3,42822,889

25673

336

506115,729177,134

84, 753164,945

7,584

.06698. 803

658, 332

312148.095

12,142112, 773

302145,43299,07462, 0107,033

10,415

1.4508,674

277,437139, 648778, 758

4.9457,079

625,138

.2414, 638

104, 759

4,31497, 275

9,38287,894

20,880

2,96438,450

19958

194

8193,845

173,019

68,322137, 785

6,781

82. 011639,328

86136, 016

12, 655105, 934

268109, 737

90, 54159,332

59416, 425

1. 45017, 337

243, 40234, 263

871,109

4.9661, 744

639, 914

.2415, 884

102,941

217,899503,947403, 809

47, 43892, 96454, 943

300, 07655,350

8,983180, 364

8163,673

91, 63310, 75580,878

693

732759

52,11412, 51436,081

137,89153, 074

2,12937,556

66, 38868,213

226,89412, 315

45140

12443, 272

151, 259

32, 817

272.9706,708

.06578, 683

614, 470

48154.800

8,067137,446

44790,10245,63218,4792,321

41,234

1.45026,632

243,35613,496

924,045

5.1961,096

659,878

.2414,692

102,126

2, 55979,4679,841

69,625

19,928

1,55921, 215

7252

120

4634. 293

120, 794

23,69173,353

5,522

.06141,519

558, 855

43141,171

26. 618106, 607

34976, 00245. 7959,481

40829, 087

1.45038, 956

279,10728, 277

963,431

5.0557, 640

672,880

.2413, 754

102, 285

3,86586. 41310, 29276,121

3,773

1,76332,898

151227196

67568, 22997,085

45, 35562,000

.05554. 666

494, 718

148123, 79227,15776, 904

69788, 27671, 44710, 445

39215,877

1.45054, 762

305, 538109, 223[,012,067

60, 289679,127

.2616, 369

101,111

254,196480,143318,481

54,12093, 57852, 799

405, 33136, 539

68, 02268, 402

221, 405

190112, 69918,97478,418

1,921110,04691,43142, 204

2,54914, 571

1.450r 72, 622

406,80967,143

1,122,492

5.4454, 574

630, 926

.2714,60593, 317

I

7127,908

51, 62011, 27740, 343

583

661523

49,4697,533

13,881

143, 26552, 359

3,11310,988

61,94970, 338

197,48512,100

5241,141

813

1,318232, 352124, 374

162, 480110, 701

354, 2269,034

.07193, 924

411,791

24, 74564, 59312,40252,191

17, 222

2,16717, 774

7121,1651,266

2,335320, 927197,618

220, 362156, 874

8, 689

. 068163, 315433, C37

Revised. p Preliminary.•New series. Data are on basis of potassium oxide content; figures beginning 1928 not snown on p. 39 of the August 1939 Survey will appear in a subsequent issue.§ Revised series. Data for 1937 revised; see tables 19 and 20; pp. 14 and 15 of the April 1939 Survey


40 SURVEY OF CURRENT BUSINESS JAN-DART 1940


1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND BYPRODUCTS-Con.

Vegetable Oils and Products—Continued

Flaxseed:Irriports? thous. of bu_.Minneapolis:

Receipt* doShipments . . do _Storks do

Dulnth:Receipts _. doShipments doStocks .'.. . _ _ do .

Oil mills (quarterly):Consumption do __Stock** end of quarter do

Price, wholesale, No. 1 (Mpls)._.dol. per bu__Production (crop est.) thous. of bu

Linseed cake and meal:Exports§ doShipments from Minneapolis . >> do

Linseed oil:Consumption, factory (quarterly) doPrice, wholosale (N. Y.) dol. per lbProduction ^quarterly) thous. oflb...Shipment? from Minneapolis. doStocks at factory, end of quarter do

Oleomargarine:Consumption (tax-paid withdrawals) __doPrice, wholesale, standard, uncolored (Chi-

cago) dol per lbProduction thous. of lb__

Vegetable shortenings:Price, wholesale, tierces (Chi.) dol. per lb_.

PAINT SALES

Plastic paints, cold water paints, and calci-mines:

Plastic paints _ thous. of dol..Cold water paints:

In dry form . do .In paste form do

Calcimines _ . . . doPaints, varnish, lacquer, and fillers:

Total _ _ doClassified total do

Industrial doTrade do.__

Unclassified do

CELLULOSE PLASTIC PRODUCTS

Nitro-eellnlose, sheets, rods, and tubes:Consumption* tbous. oflb.Production _doShipmentsc?1 do

Cellulo«?e-acetate sheets, rods, and tubes:Consumption* thous. oflbProduction __ do _Shipmentsd" , do

Moulding composition:*Production . doShipments^ do

ROOFING

Asphalt prepared roofing, shipments:Total thous of squares

Orit roll doShingles (all types) doSmooth roll . do

682

318428

4, 059

541566

1,084

1.84h 20.330

30.91421,480

.098

"i6,"680"

27, 719

.12827,886

.099

3461,3611,244

10725793

1,1991,119

1,565

205152732

152620

'118

1.84

47,3027,913

.083

29,812

.15030,221

.098

34

115190226

25. 28018, 3678.3979,9706,914

2281,0181,008

141,3321,251

1,031956

2,583630836

1,117

1,474

13680

637

18

112

7,2062,389

1.90" 8,152

51,8209,760

72,419.086

139.1063. 209

141,785

29,991

.14330, 373

.096

30

113169222

20. 51515,036

7,4177,6195,478

246789937

71,1121,032

758671

2,076615527

1,035

2,111

10747

524

(02

110

1.99

50, 7348,320

.085

™3,"960

30,350

.14030,319

.093

S2

126211235

24,22917. 8288,1809,6486,401

242923956

6896856

725682

1,439359358721

2,248

3830

452

10

111

1.92

50,1805,720

.085

~"37900

27,774

.14027,701

.091

33

144219251

24, 41517, 3957,9829,4137,021

2571,049

977

9989

1,014

871770

1,410374391645

2,031

6264

319

18229

7,1122,521

1.97

17,2197,920

76.674.088

139. 2097.200

161,251

29,032

.14029,417

.095

44

187316280

31, 55523,0039,626

13, 3778,551

3421,3151,171

141,0781,029

9R3810

2,910692891

1,327

1,416

3558

283

129

2

1.89

50,3968,280

.089

""9,'78O

23,622

.14023,325

.093

46

210317282

32. 66623.8309.469

14,3608,836

2871,116

950

12508522

736600

3,2«9785

1,1501,355

1,155

6138

280

2

1.83

40, 8497,280

.089

"~6,~ 480

22,827

13522, 699

.093

45

230338305

40,13828. 546

9. 61118, 93511, 592

2491,036

940

10491509

782704

2,714720

1,057938

1,802

7320

225

994159

6. 2071,9581.81

48, 7337,000

91, 360093

124. 8236,360

130,310

20, 745

.13521,111

.090

43

206309281

36.88626.197

9.78116.41610, 690

297957

1,000

9446378

795703

2,887831

1, 058998

1,123

6728

231

0)58

2

1.57

44, 5896,360

.090

~"5~880~

20,114

.13519,262

.090

44

156227206

29, 47220, 769

8,19912.5698,703

221979847

6561537

645604

2,633737926970

1, 511

8 100389

2,659

801144659

1.54

50 16316, 400

.086

"~8~i66~

21, 206

13521,608

.089

46

154287255

33 08723,413

9 30914, 1049,674

3261, 0691,065

<j

1,041815

1,034967

3,9231.1151,1761,632

452

2 709648

5,456

2,0321, 1701,521

6,8146,383

1.75

40 60023,280

88 397.099

134.32614, 700

112,475

27,918

12428,105

.104

49

171r 289

279

r 36 960'25.515r JO 4^0' 15.095' 11,445

3281,1641,156

7706677 j

1,3121,153

3,8671, 1251,2891,453

876

67t367

5,154

9481.36G1,10$

1.86

14 52919,720

.102

""i5,~666

23,676

12S23,73S

.104

40

179270233

34 54024, 99510 97614, 0209,544

3111,3151, 232

l&713684

1,4101,333

4,6111 2911,5201,800

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production, total % mil. of kw.-hr..By source:

Fuel doWater power do

By type of producer:Privatply and municipally owned public

utilities mil. of kw.-hr..Other producers do

Sales to ultimate consumers, totalt (EdisonElectric Institute) mil. of kw.hr..

Residential or domestic doCommercial and industrial doPublic street and highway ltg doOther pnhlic authorities. doSales to railroads and railways doInterdepartmental ..do

11,654

8. 4513, 202

10,786917

10,303

6,7603,543

9,660643

8, 4751,7235,849

197194479

34

10,882

6,9763,906

10,205677

8,7791.8435,940

206205547

38

10, 641

6,8998,742

9,965676

8,8061,9875, 850

192203531

42

9,654

5,8283,826

9,043611

8,3241.8155, 615

166194493

42

10, 567

6,1164,450

9,900667

1,7195,751

159202524

41

9,956

5f

4,393

9,321634

8.2401,7005,704

134192473

39

10, 341

6,1764,165

655

8,2S21,6045,867

121193461

36

10, 529

6,7433,786

9,820709

8,5771,6276,169

111194441

35

10,651

7,1793,472

9,846804

8,5831,6206,187

115197433

32

11, 228

7,7013,627

10, 329900

8.9531,6206, 526

12S202443

35

11,116

7,9973,118

10, 260856

9. 2741, 7556, f.fi9

149224446

32

'11,864

' 8, 7273,138

10,974'890

9.6401,7826,951

16922947930

b December 1 estimate. a Final estimate for the crop year15 18 f th M h 1939 S

' Revised. i Less than 500 bushels. e for the crop year•N«w series. For data on nitro-eelluiose consumption, oollulope-acetate consumption ard nu.i'Mng compositions beginning 1935. see table 15, p. 18 of the March 1939 Survev.fRevised series. For electric power sales, see note marked with a " t" on p. 41 of the July 1939 Survey.§Rp>vise<i series. Data for 1937 revised; see tab'e^ 10 and 20. pp. 14 and 15 o' the April 1 39 Survey.ci"Includes consumption in reporting company plants. ^ Excludes consumption in reporting company plantsJFor electric power production, see note marked with a " 1 " on p. 41 nf the July 19*w Survey. Revised data on production "by type of producer," referred to therein, are

shown beginning June 1938 on p. 40 of the August 1939 Survey; data beginning 1920 will be published when available.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

ELECTRIC POWER AND GAS—Continued

ELECTRIC POWEE—Continued

Revenues from sales to ultimate consumers(Edison Electric Institute) thous. of doL.

GAS§

Manufactured gas:Customers, total _ thousands..

Domestic doHouse heating doIndustrial and commercial_._ . . .do

Sales to consumers mil. of cu. ft..Domestic doHouse heating doIndustrial and commercial do

Revenue from sales to consumersthous. of doL.

Domestic doHouse heating .doIndustrial and commercial do

Natural gas:Customers, total thousands..

Domestic doIndustrial and commercial do

Sales to consumers mil. of cu. ft..Domestic doIndl., coml., and elec. generation do

Revenues from sales to consumersthous. of dol_.

Domestic doIndl., coml., and elec. generation do

192,178

9,9269,241

220456

30, 45916,0414,8479,365

30,88121, 8072,7906,151

7,1946,637

554107.53629,13577, 633

36,22620, 28015,801 '

198, 991

9,9479,254

227458

34,60016,196

9.. 853

33, 31021, 9234,7636,478

7,2206, 655

563126,09342, 88181, 704

45, 61927, 75117, 630

201,330

9,201212465

34, 76117,2118.1019,250

33, 73422,1255,1966,292

7,1566,603

550129,39849,17778, 736

50,27932,14117,899

190,219 186,714

9,9149, 225

219461

33, 66216,6878,0048,785

32,81121,0385,4296,227

7,1636.615

546134, 51551,29181,770

51,19732, 81918, 331

9,9079,218

210467

33,60016. 6477,1229,641

32,45021,0544,9026,368

7,1946,636

555127, 37746, 79179, 303

47,97930,21817, 520

185,987

9,8949,197

218467

32, 62616, 2426,074

10,144

31, 58621,2523,8406,368

7,1786,626

549113,37936, 51075,465

41,03424,84515,958

183,112

9,9869,285

224466

30,30315,7554,4219,969

30, 70721, 8452,5196,231

7,1906,655

533101,43827,41572,581

34, 64419,87314, 550

186,166

9,9799,290

214465

27, 91716,6001,5879,606

29,56122, 253

1, 2325,990

7,1636,650

51087, 41318, 86267,378

28, 55915,19713,193

186,600

9,9959,316

202466

25, 65215, 541

9489,007

27,66221,105

7885,683

7,1526,651

49986, 37616,01369,210

26, 23513,01113, 035

189, 225

10, 0169,336

206464

24, 87914, 702

7569,305

26, 60620, 121

6635,731

7,1916,689

50188, 73915,01572, 233

26, 27812, 46513, 597

198, 947

10, 0819,388

221463

26, 82816, 367

8769,461

28, 61521, 786

8375,909

7,2326,727

50392, 70015, 49175,835

26, 85512,43314, 221

201,709

10, 0909,383244453

29, 89317,1162,38910, 227

30, 78622, 5131,8486,318

• • « *

7,2986,767529

102, 57219, 41481,748

31,06614,96715, 895

FOODSTUFFS AND TOBACCO

ALCOHOLIC B E V E R A G E S

Fermented malt liquors:Production. _. thous. of bbl_.Tax-paid withdrawals __. doStocks . do

Distilled spirits;Production __thous. of tax gal . .Tax-paid withdrawals doImports* thous. of proof gal . .Stocks _ thous. of tax gal . .

Whisky:Production doTax-paid withdrawals doImports* . thous. of proof ga l . .Stocks thous. of tax gal__

Rectified spirits and wines, production, totalthous. of proof gal . .

Whisky* doIndicated consumption for beverage purposes:

All spirits*t Jhous .of proof gaL.Whisky*f d o . . . .

Still wines:Production* thous. of wine gal._Tax-paid withdrawals* doImports* doStocks* ....do

Sparkling wines:Production* .doTax-paid withdrawals* doImports* .doStocks* _do. ._ .

3,6853,8267,696

14, 92113, 4851,058

506,894

8,94610, 385

912465, 934

379

80

3,735' 3, 775

7,367

22,18811, 7381,381

501,045

10, 5729, 5591,215

466,175

5,3624,445

15,03813, 351

73, 5787,395

406137, 224

265483

3,5413,6697,083

17, 2309,7141,691

505,414

11,0037,6651,459

466,785

4,7743,898

13,11811,425

24,1548,730

476128,047

3778

138554

DAIRY PRODUCTSButter:

Consumption, apparent! thous. of lb._ 150,368 '152,683 '153,150 145,796 139,555 153,186Price, wholesale 92-score (N. Y.) dol. per lb_. .30 .27 .28 .26 .26 .24Production, creamery (factory) f. thous. of lb__ 112,285 116,835 122,855 128,303 121,065 139,331Receipts, 5 markets % do 45,197 50,495 53,269 55,705 53,955 60,091Stocks, cold storage, creamery, end of month |

thous. of lb._ 89,752 160,632 128,770 111,354 92,780 78,909Cheese:

Consumption, apparent! do 51,043 53,410 51,593 56,741 57,241 62,356Imports do 6,344 5,925 4,083 4,001 4,425 4,881Price, wholesale, No. 1 Amer. (N. Y.)

dol. p e r l b . . .18 .14 .15 .14 .14 .14Production, total (factory)f-,-— thous. of lb._ 42,300 42,729 40,376 39,168 37,992 47,775

American whole milkf >— do 30,145 30,017 28,258 28,171 27,175 34,281Receipts, 5 markets do 10,614 10,537 10,998 10,753 11,492 11,960Stocks, cold storage, end of month do 112,211 127,440 120,174 106,411 91,485 81,653

American whole milk do 90,254 109,738 102,563 90,401 77,270 68,812Condensed and evaporated milk:

Exports:Condensed (sweetened) thous. of lb__ 145 259 355 104 91Evaporated (unsweetened). . . . d o 1,876 2,034 2,198 1,522 2,007 1,785

Prices, wholesale (N. Y.):Condensed (sweetened) dol. per case.. 5.00 5.00 5.00 5.00 5.00 5.00Evaporated (unsweetened) do 3.10 2.90 2.90 2.90 | 2.90 2.90rRevised.§See note marked with a " t " on p . 41 of the June 1939 Survey.•New series. Earlier data for the new series on alcoholic beverages appear in tables 2-8, pp. 15-18 of the July 1939 Survey.

3,6453,1047,470

11,8746,248

667510,194

9,2045,007

571470, 251

2,9732,375

8,192

5,0085,066

247122,601

151623

3,4823, 0317,774

10,7006,112

676513,462

8,7244,996

582472,934

2,6832,192

7,7436,816

1,6785,022

194117,094

1119

646

4,4973,8228,265

13,0228,566

831516, 755

9,9936,791

706475,150

3,8173,078

10,7719,357

1,0265,883

292111, 357

251322

558

4,6413,9858,746

10, 9407,593

776519,162

8,5135,728

678477,136

3,6702,800

9,7758,122

1,0035,171

310105, 776

431326

587

152, 96123

145,12359, 385

70,909

64, 7043,927

.1454,60041,14511,15775, 34562,866

1421,710

5.002.90

5, 6515,0799,086

10, 7566,868

845521,251

7,9724.866

730478,741

3,4252,496

9,1377,142

1,1034,994

229100,933

701737

639

180,15024

193, 70177,966

84,437

77, 5954,353

.1477,30060,64014,40279, 27264,750

1482,508

5.002.90

6,2715,6569,447

8,3046,456

772522,058

5,7744,885

666478,900

2,9601,977

8,6996,767

6774,684

20794, 861

392536

647

152,86224

200,13584,566

131, 609

70,2493,781

.1586,17068,32014,32298, 85081, 262

1951,799

5.002.90

5,6375,5389,330

5,3815,605

632520,429

3,7114,343

534477,149

2,9302,014

' 7. 5706,131

9144,247

15491, 048

192020

646

145,61294

179, 27577, 460

165,183

57,6713,134

.1573, 40058, 40013,786

117, 59897, 448

2152,338

5.002.90

5, 4505,7158,836

6,3906,663

710518, 487

4,3925,098

612475, 371

3,1892,332

r 8,7097,104

5,2115, 053

15287,127

162126

639

157, 23524

164,96069, 674

172, 825

61, 7893, 435

.1565, 92052, 42014, 579

125, 019103, 594

1941,976

5.002.90

4,3924,9218,112

10, 2448,7721,843

514,433

4, 9856,7931, 599

472, 499

4,0053,258

r 11, 95910, 309

44, 2936,195

42099,817

213484

625

152, 57128

134, 51555, 208

154, 594

71, 4925,762

.1757,40045, 07516, 527

116,56197, 530

2763,414

5.002.90

4,2374,1697,994

17,94611, 0661,113

510, 606

7,0748, 550

959469,173

5,2024,329

13, 70312,007

105, 5998,011

370139, 099

275059

597

147, 955.29

121, 59549,357

128, 111

* 67, 74411,637

.1854, 00041,31015,145

114,736T 93, 987

3643,715

5.003.10

ofhavesubsequent issue.

JFor comparable monthly figures beginning 1919, see table 14, p. 17, of the March 1939 Survey.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

FOODSTUFFS AND TOBACCO—Continued

DAIRY PRODUCTS—Continued

Condensed and evaporated milk—Continued.Production:!

Condensed (sweetened):Bulk goods thous. of lb_Case goods do

Evaporated (unsweetened) do..-Stocks, manufacturers' end of month:

Condensed (sweetened):Bulk goods thous. of lb.Case goods do

Evaporated (unsweetened), case goodsthous. of lb_

Fluid milk:Consumption in oleomargarine doPrice, dealers', standard grade*.dol. per 1001b_Production (Minneapolis and St. Paul)

thous. of lb_Receipts:

Boston (incl. cream) thous. of qt.Greater New York (milk only) do. . .

Powdered milk:Exports§ _thous. of lb.Productiont do_-.Stocks, mfrs., end of mo.t do..-

FRUITS AND VEGETABLES

Apples:Production (crop estimate) thous. of bu__Shipments, carlott no. of carloads..Stocks, cold storage, end of month

thous. of bbL_Citrus fruits, carlot shipmentsf.no. of carloads-_Onions, carlot shipments! doPotatoes, white:

Price, wholesale (N. Y.) dol. per 100 Re-production (crop estimate) thous. of bu._Shipments, carlott no. of carloads..

GRAINS AND GRAIN PRODUCTS

Exports, principal grains, incl. flour and meal§thous. of bu..

Barley:Exports, including malt ..doPrices, wholesale, No. 2 (Mpls.):

Straight dol. per bu._Malting do

Production (crop estimate) thous. of bu__Receipts, principal markets do jStocks, commercial, end of mo do

Corn:Exports, including meal doGrindings doPrices, wholesale:

No. 3, yellow (Kansas City).. . dol. per bu__No. 3, white (Chicago) . doWeighted average, 5 markets, all grades*

dol. per bu._Production (crop estimate) thous. ofbu._Receipts, principal markets doShipments, principal markets doStocks, commercial, end of mo do

Oats:Exports, including oatmeal doPrice, wholesale, No. 3, white (Chicago)

dol. perbu..Production (crop estimate) thous. of bu._Receipts, principal markets... _.doStocks, commercial, end of mo do

Rice:Exports?* pockets (100lb.)__Imports^ doPrice, wholesale, head, clean (New Orleans)

dol. per lb._Production (crop estimate) thous. of bu..Southern States (La., Tex., Ark., and Tenn.):

Receipts, rough, at millsthous. of bbl. (162 1b.)..

Shipments from mills, milled ricethous. of pockets (1001b.)..

Stocks, domestic, rough and cleaned (interms of cleaned rice) end of month

thous. of pockets (100lb.)._California:

Receipts, domestic rough bags (1001b.)._Shipments from mills, milled rice doStocks, rough and cleaned (in terms of

cleaned rice), end of mo...bags (100 lb.)._Rye:

Exports, including flour thous. of bu__Price, wholesale, No. 2 (Mpls.)__dol. per bu__Production (crop estimate) thous. of bu__Receipts, principal markets doStocks, commercial, end of mo.. ___do

0)2,354

125,529

0)5,990

188,290

5,3372.22

121,848

54420,0217,548

7,794

10,24913,7181,938

1,806'360,992

12,441

5,709

153

.52

.54'276.298

6,73220,106

1,2666,333

.53

.60

.5162,619,137

26, 72315,89338,202

117

.396937,215

5,63213,199

89,92658,363

.037*52,306

1,375

1,083

3,410

167,79365, 521

574, 503

0.51

*39, 2491, 2959,954

!

11, 5923, 463

102,056

11,7017,854

284, 375

5,8382.23

26, 700

15, 327118, 582

67324, 62437,194

7,362

10, 27214,4102,359

13,1573,138

114,739

9,2357,139

205,073

5,8302.23

32,002

14,342118, 277

54928, 03833,259

131,8826,742

8,73618, 9382,105

12,8473,421

129, 452

8,5366,101

150, 311

5,8562.23

36, 421

13, 988123,868

47325,00632,860

5,625

6,90318, 7472,485

1.095 1. 456 1. 595'374,163

12,569 I 12,402 | 17,551

15, 111

736

.50

.56

5,76416,187

6,0326,547

.46

.47

.46

32, 69816, 35646, 645

1,405

.26

"*4~199"17,676

223, 53434,816

.033

1,458

1,158

3,983

444, 297182, 438

382, 460

21.40

9498,102

11,495

649

.52

.57253,005

20,385

368

.54

.60

5,84615,015

3,7296,724

.48

.54

.502,562,19720, 26210,96952, 644

147

.29»1,068,431

5,65816, 919

298,93539, 991

.033a 52,506

912

977

3,983

212, 534136, 365

366, 012

.4355, 564

1, 2488,369

6,67013,752

7,0506,340

(0

.53

.5114, 3738,82750, 889

353

.31

6,22115, 545

306, 89146,344

.033

891

1,250

3,695

262, 200129,003

393, 811

0

9428,126

11,5053,036

137,882

7,2024,985

120,397

5,4222.21

34,829

12, 681112, 501

51922,89032, 318

4,785

5,07918, 4442,184

1. 519

~ 17," 343'

15,521

724

.55

.55

15, 4083,075

181,094

5,8094,959

109,882

5,8612.20

40,237

13,906125, 570

28,23330,972

3,84611,726

2,7215,256

.46

.51

.47

10,2165,39847,489

130

.30

4,30414, 649

302, 30241, 296

.033

1,064

169,184118, 478

375,056

C).45511

7,637

4,848

3,04622, 9392,380

1.375

~25~3l7~

15,435

436

.54

.56

5,96710,182

3,7985,780

.46

.51

.47

13,0858,47343, 741

114

.31

5, 76912, 601

302,10267, 608

.033

545

3,244

229, 760143, 617

350, 435

).43

1.2417,630

15,4203,283

202,090

6,1354,608

134,625

4,5612.15

39,031

13,322121, 682

69631,19032,102

3,055

1, 56920, 3873,094

1.800

~ 18," 983"

11,368

124

.51

.57

4,5798,874

1, 6G35,798

).53

.49

12, 5628,65639, 262

112

.32

4,46110, 312

274, 89390,116

.033

428

802

2,894

160, 345136, 287

301, 497

(•).43795

7,153

22,0072,899

262,957

7,9106,437

209,044

4,4982.11

44,144

14, 648132, 670

1,06938,87731,982

2,053

55517, 6833,383

1.680

"22," 833"

16, 372

614

.55

.56

4,4745,745

1, 2076,510

(0.55.52

23,33320,17034, 568

61

.34

6,3036,784

283,34184,857

.033

681

1,024

2,595

203,447144,414

264,633

C).51

1,0456,813

21, 0592,755

265, 586

11, 4167,764

292, 393

4,1122.10

41,873

13,897134, 712

73938, 57225, 861

976

016, 4262,147

1.575

~23~936"

6,600

206

.53

.60

3,7916,210

2675,945

.51

17, 38117,04230,880

93

.34

4,5405,695

241, 75575, 647

.033

368

912

2,092

197,33297,767

258,494

16, 6152,894

223, 953

12, 5048,570

341, 686

3,8702.10

34,051

14, 947129,851

63729,07927, 613

1,007

010,8531,111

1.813

"II," 541"

8,389

.45

.47

4,8238,253

6084,929

C).50.46

11,86412, 75923,145

101

.29

6,6735,551

220, 31583, 257

.033

180

758

1,552

270,965130,025

268,269

(a).43

1,955 I7,384 I

1,4707,708

16,8172,461

194,162

10, 9868,001

355, 071

4.3152.12

28, 599

15, 375118, 956

79823, 56618, 298

971

09,1541,668

1,295

7,658"

10, 830

713

.46

.48

20,06216, 904

1,1216,693

.47

15,1704,398

159,880

7,7416,039

135,135

5,2972.15

25,226

13. 258122, 715

82322,43211,963

4,833

3,3667,2033,343

1,588

~i2,~ I n "

8, 372

709

.55

.58

0)3,479

143,988

0)••6,312

175,646

4, 5382.19

26, 043

13,883128,697

796' 20. 782

' 8,449

00

FA I

13, 54619,421

1,8558,094

.52

.57

.56

12,07714,192

61

.30

18, 62514,681

216,07270, 691

.033

390

972

486, 207174,422

389,027

0.42

3,4559,246

22,65511, 58414, 947

133

.36

12, 52816,104

381,76537, 528

.040

1,805

1,146

1,706

497,338224,541

466,045

.53

10, 216

• 10,10211,852' 3,132

1,700

" 15," US

11,281

909

.53

.55

8,74420,398

5,5808,113

.50

.59

.50

31,60913,13527, 541

' 1 6 2

.35

6,26114,552

304,5438,568

.03S

2,360

1,122

3,029

354,776123,603

544,057

1

3,160 2,05310, 577

o Final estimate for the crop year.r Revised. ° Less than 500 bushels. & December 1 estimate. «No quotation.1 Discontinued by reporting source.tFor comparable monthly figures beginning 1918, see table 13, p. 17 of the March 1939 issue.*New series. Data for price of milk beginning 1922 and average price of corn beginning 1918 appear in tables 38 and 39, p. 18 of the August 1939 Survey.tRevised series. For revisions in condensed and evaporated milk production in 1937, see p. 41 of the December 1938 Survey; 1938 revisions not shown in the December

1939 Survey will appear in a subsequent issue. Revisions for 1938 for carlot shipments not shown in the December 1939 Survey will appear in a subsequent issue.§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October


GRAINS AND GRAIN PRODUCTS-Continued

Wheat:Exports:

Wheat, including flour § thous. of bu._Wheat only§ do

Prices, wholesale:No. 1, Dark Northern Spring,

(Minneapolis) -dol. per bu_.No. 2, Red Winter (St. Louis) do—.No. 2, Hard Winter (K. C.) do.._.Weighted av.. 6 markets, all grades.-do

Production (crop est.), total thous. of bu..Spring wheat __ _ doWinter wheat .do

Receipts, principal markets doShipments, principal markets doStocks, end of mo. world est . do

Canada (Canadian wheat).. doUnited States, total* ...do

Commercial doCountry mills and elevators* doMerchant mills* doOn farms* do

Wheat flour:Consumption (Russell) thous. of bbL.Exports§ doGrindings of wheat thous. of bu..Prices, wholesale:

Standard patents (Mpls.) dol. per bbL.Winter, straight (Kansas City) do.

Production:Flour, actual (Census) thous. of bbl._

Operations, percent of capacityFlour (Russell) thous. of bbL.Offal (Census) thous. of lb__

Stocks, total, end of month (computed byRussell) thous. of bbL.

Held by mills (Census)--- doLIVESTOCK

Cattle and calves:Receipts, principal markets.thous.of animals __Disposition:

Local slaughter doShipments, total . . . .do

Stocker and feeder doPrices, wholesale (Chicago):

Beef steers* dol. per 1001b..Steers, corn fed doCalves, vealers do

Hogs:Receipts, principal markets, thous.of animals__Disposition:

Local slaughter.. _ doShipments, total .___ do

Stocker and feeder doPrices:

Wholesale, heavy (Chi.)....dol. per 1001b._Hog-corn ratio*

bu. of corn per cwt. of live hogs..Sheep and lambs:

Receipts, principal markets - thous. of animals..Disposition:

Local slaughter doShipments, total do

Stocker and feeder doPrices, wholesale (Chicago):

Ewes dol. per 100 lb...Lambs do

4,1731,452

.91

.92

.86

.88b754,971&191. 540&563,431

12,19014,936

0)315,296

141,986

579

5.704.28

MEATSTotal meats:

Consumption, apparent mil. oflbExports* __.doProduction (inspected slaughter) doStocks, cold storage, end of month do

Miscellaneous meats doBeef and veal:

Consumption, apparent thous. oflb..Exports§ do. . . .Price, wholesale, beef, fresh, native steers

(Chicago) dol. per lb-.Production (inspectedslaughter).thous. oflb..Stocks* beef, cold storage, end of mo..,..do

Lamb and mutton:Consumption, apparent do. . . .Production (inspect ed slaughter) .do . . . .Stocks, cold storage, end of month do. . . .

Pork (ineluding lard):Consumption, apparent - do.._.Exports, total do

Lardf do . . . .Prices, wholesale:

Hams, smoked (Chicago) dol. perlb. .Lard, in tierces:

Prime, contract (N. Y.) do. . . .Refined (Chicago) do

1,912

963973549

9.639.869.75

2,847

2,177665

40

5.95

12.5

1,907

944984429

4.398.84

1,15937

1,28556169

457,9781,269

.150472,20266,925

58,38859,0884,190

642,16833,00825,706

.185

.067

.078

6,9174,893

.73

.63

.65

19,11021, 696

439, 820162, 375

136, 204

9,445431

40, 324

4.913.80

59.29,286

704,995

6,200

1,900

927473

10.0310.7510.29

2,607

1,903691

33

7.65

18.1

1,945

996968415

3.738.38

1,09233

1,17748454

461,4851,192

.172467,98052,637

56,37556,9973,171

574,14227,07516,009

.200

.077

.090

6,9704,430

.77

.70

.67

.68'931,702"243,"688', 133

14, 89218, 252

484,150161,161656, 242128, 748138, 598107, 706281,190

9, 226540

38, 357

5.063.84

8,41654.0

9, 266672, 015

5,7004,317

1,465

843632

10.1311.609.63

2, 570

1,848726

43

7.17

16.0

1,552

890673155

3.788.59

1,04034

1,22767172

415,7881,795

.170416,04158,187

54,28154,6843,541

570,27327,25819,198

.200

.074

.086

12,61310, 217

.80

.73

.71

.73

11,90012, 758

467, 360150, 376

i6§~936

8,350510

38, 755

5.103.82

8,47657.2

8,711681, 624

5,550

1, 635

975608259

10.3511.5910.38

2,699

1,928754

41

7.18

1,746

1,063677113

3.978.63

1,05742

1,20279176

434,2391,105

.172425,60553,126

61,70961,1232,925

561,32936,96628,520

.200

.073

.084

11, 9468,782

.78

.73

.69

.71

9, 5129,251

412, 390144, 817

"957474

' 9, 089673

35, 447

4.953.66

7,75757.0

8,512625, 888

5,300

1,294

807496213

10.1711.3611.19

1,971

56638

16.4

1,546

953595

82

4.388.54

8993792778468

377,363841

.177368,12546,404

58,55858,4522,773

463,23932,72724,483

.200

.073

.081

11, 0878,487

.77

.73

.69

.71

13, 74811, 113

379, 820139, 071446,104

82, 68791, 84682, 481

189, 090

55341, 068

4.793.54

8,95156.0

9,142730, 612

5,2003, 865

1,542

952579253

10.2911.4410.34

2,205

1,654547

45

16.0

1,766

1,046720110

4.78

1,06439

1,067758

63

450,1831,047

.173439,57640,970

63,77763,4512,412

550,28933,02222,157

.200

.070

.081

9,4685,874

.78

.76

.70

.72

16, 00011,174

359, 730134, 085

8,201765

37, 698

4.873.47

8,24455.7

8,916665, 468

5,150

1,467

581233

10.0211.22

9. 56

1.509485

44

14.5

1,993

9001,082

251

94330

955758

63

402,876710

.168390, 62336,866

51,19850, 7901,956

488, 48625, 59117, 531

.203

.067

.077

14,48910,672

.83

.76

.80

25, 52516, 851

319, 890112,987

"64," 178

8,549812

39,066

5.233.60

8,51655.4

' 9, 311693,372

5,100

1,737

1,068647240

10.599.68

2,410

1,822575

48

6.68

13.2

1,951

1,070884235

1,10542

1,127761

65

479,1251,036

.166466,30634,650

55, 53955,3981,791

570, 47636,99025, 303

.207

.069

.079

6,0333,929

.84

.73

.71

.75

44,01614,423

318,34098,123

295,49281, 33438, 29185,029

8,783448

38,927

5.163.58

8,44055.0

r 9,293699,737

5,0003,641

1,476

934546187

9.229.669.13

2,105

1,535560

43

11.9

1,711

913804167

2.979.25

1,07343

1,083749

68

452, 7211,114

.159444, 337

33,591

53,19353,2381,837

566,92637,40322,682

.206

.065

.075

7,4142,977

.78

.69

.67

.68

99,00630, 840

0)89, 281

149, 372

8,003944

38, 833

4.743.41

8,43257.4

>• 9, 063689, 557

5,150

1,667

971664242

9.309.53

1,948

1,394546

35

6.03

13.1

2,042

1,040261

3.178.85

1,05348

1,033699

69

452,9401,525

.156445, 800

33,456

53, 01053,073

1,893

547, 51842, 22325, 339

.203

.061

.071

8,9355,903

.65

.72

43, 92422, 791

0)135, 793

166,289

9,552645

43, 746

4.903.36

9,52260.3

' 10. 347772, 787

5,300

972795375

9.099.26

10.03

2,007

1,451550

36

5.75

12.0

2,392

9681,419

504

3.387.93

1,13839

1,037573

66

476, 7161,401

.151469, 534

33, 027

56, 02856, 5992,459

605, 52533, 02822,848

.203

.060

.075

5, 6752,530

.93

.88

.86

.90

38, 99524, 495

0)274,841794, 074161,987162, 542137, 332332, 213

11, 279669

51,101

5.764.36

11,19175.9

' 12,148890, 697

5,5004,058

2,117

1,0191,074

546

10.2310.6811.09

1,995

1,458534

39

7.54

12.6

2,625

1,0641,564

613

3.599.07

1,13240

1,065478

59

503, 3572,042

.166495,867

36,917

62, 51763,0302,965

566, 58233,84824, 693

.206

.083

.104

4,6291,701

19, 79916,856

0)335, 445151,015

9,946623

43, 025

5.584.20

9,42861.5

r 10, 779752,851

5,710

• N . _ member 1 estimate. o Final estimate for the crop year. i Temporarily discontinued.P 18 of the June low q n ? £ ^ n ¥ w e d S t a t e S w h e a t s t o c k s b e 8 l n n m g 1923» s e e t a b l e 29, p. 17 of the June 1939 Survey. For data on hog-corn ratio beginning 1913, see40, P+age is o??hVAu^St 1939 is?ue ° n 6XP° m e a t S b e g i n n i n g 1 9 1 3 aPP e a r in t a b l e 46» P- 1 6 o f t h e November 1939 issue. For price of beef steers beginning 1913,

+T?QTT'""1 !2S*' Rala o n e x p o r t s of lar<* revised for period 1913-3i series. Data revised for 1937; see table 19, p. 14 of the Apri

pgtRev

2,438

1,1241,270

743

9.8710.0710.78

2,458

1, 825617

37

6.97

13.7

2,607

1,0751,520

693

3.859.00

1,17031

1,162452

58

494, 2081,546

.152499,306

49, 242

r 61,60362,1473,499

613, 24825, 70019, 091

.209

.071

.083

table 33,see table




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October


MEATS—ContinuedPork (including lard)—Continued.

Production (inspected slaughter) totalthous. of lb._

Lard. ._ doStocks, cold storage, end of month do

Fresh and cured . doLard _.. - do

POULTRY AND EGGSPoultry:

Receipts, 5 markets thous. of lb_.Stocks, cold storage, end of month do

Eggs:Receipts, 5 markets thous. of cases..Stocks, cold storage, end of month:

Shell thous. of cases..Frozen thous. of lb

Cocoa- TROPICAL PRODUCTSImports long tons..Price, spot, Accra (N. Y.) dol. per lb__

Coffee:Clearances from Brazil, total—thous. of bags..

To United States do.___Imports into United States.. doPrice, wholesale. Rio No. 7 (N. Y.)

dol. perlb...Receipts at ports, Brazil thous. of bags..Visible supply, total, excl. interior of Brazil

thous. of bags..United States do

Sugar:Raw sugar:

Cuba:Stocks, total, end of month

thous. of Spanish tons..United States:

Meltings 8 ports _._ long tons..Price, wholesale, 96° centrifugal (N. Y.)

dol. perlb..Receipts:

From Hawaii and Puerto Ricolong tons..

Importst - -..do.__-Stocks at refineries, end of month, do

Refined sugar (United States):Exports do. __Price, retail, gran. CN. Y.) dol. perlb. .Price, wholesale, gran. (N. Y.) do_._Receipts:

From Hawaii & Puerto Rico..long tons.Imports* do

From Cubat doFrom Philippine Islandsf do

Tea:Imports thous. of lb. .Price, wholesale, Formosa, fine (N. Y.)

dol. perlb. .Stocks in the United Kingdom..thous. of lb. .

MISCELLANEOUS FOOD PRODUCTSCandy, sales by manufacturers}:.thous. of dol_.Fish:

Landings, fresh fish, prin. ports.thous. of lb. .Salmon, canned, shipments cases.Stocks, cold storage, total, 15th of month

thous. of lb__Gelatin, edible:

Monthly report for 7 companies:Production _do._Shipments do..Stocks do..

Quarterly report for 11 companies:Production do_.Stocks do._

Leaf: TOBACCOExports§ thous. of lbImports, incl. scrap§ . . . do . . . .Production (crop estimate) mil. of lb__Stocks, total, incl. imported types, end of

quarter mil. of lb__Flue-cured, fire-cured, and air-cured-_doCigar types do

Manufactured products:Consumption (tax paid withdrawals):

Small cigarettes millions. _Large cigars thousands.-Manufactured tobacco and snuff

thous. of lb_.Exports, cigarettes! thousands..Production, manufactured tobacco:

Total thous. of lb_.Fine cut chewing do.Plug do.Scrap chewing do.Smoking do.Twist do.

7.53,588137.724420,897332, 35788,540

81,135127,030

608

1,58087,789

28,366

1,596862

1,560

.0541,712

930

247,328

.030

122, 52565,188365, 491

.056

.048

1,28418, 58813,9484,153

9,953

0)0)

24, 966

35,848

84, 506

1, 5581,1945,335

30,4578,425

b 1,770

14,461505, 098

28, 436466,966

I651, 636105. 533373, 641299,14274, 499

74,302118,088

574

1,43978,091

8,930.0480

1,218775

1,386

.0551,421

7,409858

784

292,036

.030

56,139104, 365215,388

5,003.050.045

1,3396,805802

2,532

8,404

.280231,628

23,656

34,701539, 699

93,024

1,3641,2265,317

55,1675,641

13,506515,859

30,940518, 943

28,111363

4,2664. 56318, 503

415

756, 532134, 776537. 525430. 104107,421

65, 855139,108

30262,903

15,887.0462

1,451785

1,325

.0531,700

7,836914

750

247,226

.029

98.03843, 318194, 732

4,472.050.044

9.4792,748328

1,014

7,603

.280243,223

21,243

27,112716,458

90,711

1,5181,2425,593

5,2348,004

54, 2174,797

o 1,376

2,3431,946298

12,656

27,126576,210

24, 825382

4,2904,13315,580

440

715,179132, 533658, 489526,411132,078

23.286133, 531

1,041

13650,345

18,143.0437

1,191662

1,423

.0531.295

7,816855

725

261, 257

.029

62,31760,868199, 056

4,018.050.042

4.1832,6131,643551

7,698

252, 634

17, 717

23,070524, 250

77,088

1,5541,3015,845

28,0135,820

13,863349,497

26,914451,194

23,260372

3,4193,419

15, 650400

500. 76990.038667.419542. 138125, 281

16, 744116, 229

989

16544, 476

33. 297.0460

1,222697

1,086

.0521,033

7,740860

1,407

247,112

.028

122,969107, 931241,039

5,344.049.042

17, 7348,0835,2232,786

7,931

.280234,468

18,195

25, 652487, 357

62, 253

1,4371,3355,948

37, 5025,492

11,782361, 233

25,425623,889

22, 571319

4,1452,92414,711

471

£63, 69999, 442652, 456523, 204129,252

17, 82590,987

1,649

1,10560, 465

43,792.0468

1,305694

1,497

.0511,279

7,757867

2, 580

371,979

183, 880205,908236, 666

5, 532.049.044

16,66222, 78218, 9223,690

8,576

.280205,084

18,886

30,983525,662

40,423

1,5381,5575,929

6,3408,909

44,3336,592

2,3671,912334

14,244437, 584

29, 594562,225

26,052423

4,3223,36517,451

491

513,16091,858656, 746527. 213129, 533

1R, 217

70, 568

2,065

3,35788, 867

32,052.0448

1,232610

1,017

.0511,341

7,916805

2,621

401,523

.029

184, 440180, 469271,306

3,641.049.044

18, 07619, 61510,7068,829

6,866

.280182, 681

16, 223

41, 554524, 393

29, 756

1,5461,1786,296

21, 7774,783

12,269403,042

25,628424,857

22,895325

4,0763,02315,045

426

605,478106,945659.587520,251139,336

24,42766,796

2,311

5,880117,900

.0446

1,638767

1,187

.0521,498

8,249860

2,263

328,213

.029

137,011152, 564357,250

14,529.050.044

23,35231, 79919, 38411,015

8.7S5

.280

15,169

43,546257,564

35,295

1,6411,4186,520

24, 5027,765

15,445470,580

30,499592,851

27,150395

4,9743,50117,747

534

585, 804106, 218645, 173496, 796148, 377

28, 49467, 470

6,977141, 456

14,130.0436

1,563774

1,302

.0531,290

857

2,038

104, 631

.029

127. 764217,426382, 443

6, 557.050.044

9. 79938, 83925, 30311,192

6,724

.280161, 255

12, 696

38, 323221, 785

46, 965

1,4441,4686,496

6,3239,478

17,146

2,1371,705318

16, 595486, 721

30,107593,218

27,493461

4, 6523,91717,979

484

534, 28494, 453594,581454, 766139,815

27, 71264, 918

1,161

7,024144, 359

16, 093.0433

1,217724

1,055

.0511,616

8,079781

1,846

362,129

.029

115,750281, 731351, 005

8,723.050.043

3,84634,51132, 8551,557

6,798

.280158,739

11,185

41, 665211, 672

59, 940

9531,3536,096

15, 9406,463

14, 260427, 533

26, 246691, 696

23, 450400

4,2943,08915,261

405

510,69391, 676471,310360,932110, 378

25,42962,870

967

135,928

23,311

1,357731

1,056

.0511,267

8,017846

1,570

349, 987

.029

84,140250, 265293, 908

3,778.050.043

2,52741, 25136,4304,482

7,499

0)

0)

15, 256

45, 789

72, 765

8321,4415,488

33, 7737,541

16, 571500, 807

33,291641,931

29,823408

5,1534,34619, 357

560

506, 34188, 611379,020300, 22678,794

29,98563,164

788

5,430121,471

13,707.0610

1,632917

1,095

.0521,523

7,918643

1,294

600, 505102,914341, 393272,655' 68,738

37,224' 79,228

619

' 3,519104, 282

27,215.0537

2,0881,3171,469

.0532,05S

8,334846

1,082

376, 814 j 337, 292

.037

163,801306, 639

8,997.064.056

10,72663,97959,1204,710

7,307

0)0)

24, 272

39, 208

79, 383

9781,3875,080

4,1147,974

45, 5766,491

2,2161,819289

14, 790486,865

30,361714, 576

26,326348

4,4713,52117, 503

482

137, 264171,338305,164

18,995.060.052

3, 55016,04512, 6963,288

7,653

0)0)

23,442

38,406

83, 296

1,4001,5094,970

28, 5326,724

15, 384551,230

30, 239433, 967

iporarily discontinued; data not available since the outbrea^ of war^own on p. 44 of the November 1939 Survey will appear in a subsequent' Revised. h December 1 estimate. « Final estimate for the crop year. » Tempon

tRevised series. Data on imports of raw and refined sugar revised beginning 1913; data not shown on p.ISSUe'iFor monthly data beginning 1928, corresponding with monthly averages for 1928-33 shown in the 1938 Supplement, see table 7, p 17, of the January 1939 issue.

^ ^ ^ 1939 Survey will appear in a subsequent issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


berOcto-ber


TO B A C CO—C ontinued

Manufactured products—Continued.Prices, wholesale:

Cigarettes dol. per 1.000..Cigars do

5.51346.056 46.056

5. 51346.056

5. 51346.056

5.51346.056

5. 51346. 056

5.51346.056

5.51346.056

5.51346.056

5.51346.056

5.51346.056

5.51346. 056

5. 51346.056

FUELS AND BYPRODUCTS

COALAnthracite:

Exports§ thousPrices, composite, chestnut:

Retail dol.Wholesale

Production thous.ShipmentsStocks, end of month:

In producers' storage yardsIn selected retail dealers' yar<

number ofBituminous:

Exports§ ...thousIndustrial consumption, total

thous.Beehive coke ovensByproduct coke ovensCement millsCoal-gas retortsElectric power utilities _Railways (class I)Steel and rolling millsOther industrial

Other consumption:Vessels (bunker) thousCoal mine fuel__ thous.

Prices:Retail, composite, 38 cities

dol.Wholesale:

Mine run compositePrepared sizes, composite.

Production thous.Stocks, industrial and retail c

month, total _.thous.Industrial, total

Byproduct coke ovensCement millsCoal-gas retortsElectric power utilitiesRailways (class I)Steel arid rolling mills..--.Other industrial

Retail dealers, total

COKE

Exports . thousPrice, beehive, Connellsville (fur

dol.Production:

Beehivet thousByproduct!Petroleum coke

Stocks, end of month:Byproduct plants, total

At furnace plantsAt merchant plants

Petroleum coke..

. of long tons..

per short tondo

of short tonsdo

doIsdays' supply..

. oflong tons..

of short tons..do..do. . . .dodo . .

. . . . do . . . ._do .

do

. of long tonsof short ton?,.,

per short ton

do .do.—

of short tons..lealers, end ofof short tons..

do. . . .do . . . .

d o . - .d o . . -

. - . . do . . . .do. . . .do . . . .do . . . .

>. of long tons.,nace)per short ton..

of short tons .do .d o —

. . . . . do. . . .do

_ do__. . d o —

PETROLEUM AND PRODUCTS f

Crude petroleum:Consumption (runs to stills), thous. of bbL.ImportsPrice (Kansas-Okla.) at wells.Production

do.dol. per bbL.thous. of bbl

Refinery operations pet. of canacitvStocks, end of month:

California:Heavy crude and fuelLight crude

East of California, totalRefineriesTank farms and pipe lines

Wells completed .Refined petroleum products.

Gas and fuel oils:Consumption:

Electric power plantsfRailways (class I)Vessels (bunker)

_thous. of bbL.

do .d o —do. . . .

number..

thous. of bbldod o —

Price, fuel oil (Oklahoma) dol. per bbL.Production

Residual fuel oilf thous. of bbL.Gas oil and distillate fuels, total do

126

9.1603,9463,329

1,715

178

4 3^34.428

42,835

52

5. 250

3464,567

2,607836

1,771

2 848.960

3,083(0

127

9. 7133,8033,167

1,901

51

1,092

24,928110

4,622441138

3,5306,604

8038,680

129265

4.2994.565

35,925

40,81733.3177,173

346264

8,4135,311

65011,1607,500

38

3.750

673,278

153

3,7451 3072,438

678

97, 3092,308

.96098, 567

79

87. 3993(6,064

228, 74140, 386

188, 3551, 572

1,1934,0102,771.925

24, 57312, 793

143

11.499.7064,5333,849

1,458

37

489

26, 533123

4,742342144

3,6847,161

8379,500

81266

8.68

4.2984.557

36,541

40,72033, 6707,462

349252

8,4915,629

68710,8007,050

27

3.750

763,363

142

3,6101,2912,319

708

97,9642,678

.960102, 287

77

87, 22237,193

229,14041,221

187, 9191,419

1,2434,1112,925.925

25,19713, 873

165

9.7314,9534,047

1,046

29

277

26,185121

4,751212149

3,5957,149

8589,350

68261

4.2904.544

35, 530

39, 72033,2707,374

350236

8,3795,819

74210,3706,450

25

3.750

773,367

126

3,3301,2412,089

717

99, 6141,371.960

102, 49078

87, 59536,927

227,13442, 540

184, 5941,385

1,2363,9572,587.895

25, 80014,135

154

9.6984,1143,382

761

25

282

24,183111

4,346244137

3,0516,545

7598,990

92249

4.2864.520

33, 910

39, 88734,0877,373

403220

8,4566,736

87910,0205,800

23

3.750

713,078

117

3,1161,2421,874

705

87, 7971,343.960

93, 47576

87,00238, 323

227,09841,777

185, 3211,338

1,1163,6402,904.850

21.47612, 797

143

11.359.6423,6043,232

408

22

348

25, 7861074,8553C8143

3,1686,970

8059,370

105259

8.68

4.2834.491

35, 290

40,50535, 2257,222

414217

8,7607,6031,0299,9805,280

21

3.750

693,439

128

3,0371,1981,839

694

98, 9171,736.960

106,76877

86, 29439, 383

229,07941,154

187,9251,252

1,1344,0333,076.850

25, 04013, 539

137

9.0785,2964,842

86

35

207

22,39031

4,114402131

2,8276,042

8238,020

8874

4.4214.345

10, 747

31, 74628, 2264,434

321179

7,6426,387

8038,4603,520

18

3.750

202, 915

142

2,9671,0911,876

734

99, 3032,788.960

105, 51080

86,07539, 699

230. 92640,180

190, 7461,419

1,2423,8903,341.850

24, 75013,301

336

9.1545,0734,206

238

61

250

20, 51839

3,383416125

3,0325,915

6786,930

79122

4.4644.300

17,880

25, 41322, 6132,598

275129

6,7405,196

5457,1302,800

37

3.750

252,396

132

2,751951

1,800716

105,7554,186.960

110, 54183

85, 58039, 878

230, 27940. 445

189, 8341,656

1,3463,8703,520.850

27,02212, 353

194

10.559.1483, 5302,959

559

71

984

21,52181

4,361530123

3,3175,748

6716,690

99191

8.29

4.2464.238

27,900

26,99122,7613,548

286170

6,6954,484

5187,0604,230

43

3.750

523,090

142

2,657931

1,726710

104, 6873,279.960

104, 60785

85, 04938, 902

226, 46241,463

184, 9991,608

1, 3543,9993,343.850

24, 83613, 530

160

8.6672,9122,611

716

61

1,192

21, 77272

4,748559124

3,5415,903

6656,160

97200

4.2434.275

29,135

29, 72524, 6654,535

342192

7, 0024,242

5127,8405,060

39

3.750

463,365

145

2,772945

1,827733

106, 8993,061.960

110, 93784

85, 65538, 427

223. 55841,817

181, 7411,641

1,5574,0503,207.850

25, 64412, 688

130

8.6013,8323,147

1,129

48

1,209

23, 43769

5,177547128

3,8426,075

7196,880

92238

4.2464. 306

34, 688

33, 62427, 4245,632

357229

7,5004,224

5428,9406, 200

66

3.750

443,666

143

2,921916

2,005682

107, 6322,942.885

80, 86584

84,03938. 072

192, 98537, 441

155, 5441,561

1,6684,0143,026.850

25, 29913,246

400

10.648.6494,7764,287

1 172

47

1,525

24, 9801175,517503130

4,0256,492

7667,430

140261

8 45

4 2714.362

38,150

36, 94330, 2436, 220

399250

7,9234,338

57310, 5406,700

95

3.750

753,904

111

2,812868

1,945668

105, 5053, 235

.960108,168

85

82,92737, 372

189, 34135, 781

153, 5601,652

1,6504,2053,0810)

26, 30212, 975

261

9.031'4,919

4,333

1 219

57

1,746

29,491399

6,400526138

4,4707,459

9799,120

158310

4 3324 436

45, 950

41,91934,1697,250

351274

8,3805,032

64212, 2407,750

71

5.125

••2564,527

165

2,600806

1,794652

110,9803,093

.960114,198

86

82,71835, 533

187. 57936, 922

150, 6571,786

4,6502,2540)

27, 59415,017

'Revised. l No quotation.tRevised series. Petroleum and products revised for 1937; see table 9, p. 15 of the March 1939 Survey. Revisions for 1938, which are minor, will appear in the 1940

Supplement. Beehive and by-product coke production revised for 1937; see p. 45 of the December 1938 Survey. Gas and fuel oils, consumption in electric power plants,revised for 1938; see p. 45 of the June 1939 Survey

IRevised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.


46 SUEVEY OF CURRENT BUSINESS JANUARY 1940


1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

FUELS AND BYPRODUCTS—Continued

PETROLEUM AND PRODUCTS!—Con.

Refined petroleum products—Continued.Gas and fuel oils—Continued.

Stocks, end of month:Residual fuel oil, east of California

thous. of bbl._Gas oil and distillate fuels, total do

Motor fuel*Demand, domestic ..thous. of bbl..Prodnction, total do

Benzol doStraight run gasoline doCracked gasoline doNatural gasoline do

Natural gasoline blended doExports do

Gasoline :5Price, wholesale, tank wagon (N. Y.)

dol. per gal..Price, wholesale, refining (Okla.) doPrice, retail, service stations, 50 cities.doRetail distribution! mil. of gal..Stocks, end of month:

Finished gasoline, total thous. of bbl..At refineries do

Natural gasoline doKerosene:

Consumption, domestic __.doExports! doPrice, wholesale, water white 47°, refinery

(Pennsylvania) _.dol. per gal._Production thous. of bbl._Stocks, refinery, end of month . . . .do

Lubricants:Consumption, domestic doPrice, wholesale, cylinder, refinery (Penn-

sylvania) dol. pergal..Production ..thous. of bbl..Stocks, refinery, end of month do

Asphalt-Imports! short tons__Production doStocks, refinery, end of month.. . do

Wax:Production. thous. of lb_-Stocks, refinery, end of month do

2, 348

.125

. 052

563

.050

.168

3, 455

30,93532,069

44,99148, 201

18120, 39723, 3794,2444,2223, 205

.124

.046

.1331,762

64,08339, 3765,742

5, 368323

.0505,4199,676

' 1, 738

.1052, 5357,817

3,461322, 700447, 600

37,520131, 772

26,99127, 873

41, 64948, 026

18620. 79422, 7014, 3454,2854,607

.119

.043

.1341,745

65,94941, 8054,830

6,813783

.0496, 7397,799

1,831

.1052,3847,695

2,078242. 400480,900

36,120129, 340

24, 30924, 650

37, 76749,120

18521,12523, 5464,2643,6372,764

.119

.041

.1331,548

73,81749,4194, 647

5,980776

.0495, 7026,711

1,609

.1052,5277,762

2,869244. 400532,000

35, 280128,627

21, 95221,731

31, 59543, 409

17018, 45521,0373,7473,2292,569

.119

.042

.1331, 427

79,69154, 5694,708

5, 901516

.0525.1745, 452

1,653

.1052.5227,951

9,662189, 300572,000

33, 320117,711

19, 28820,115

42, 52048, 367

19220, 66323, 2804,2323,2433,523

.118

.045

.1331,734

81,18955, 4644,721

5,201523

.0535,9005,605

1,987

.1052,6647,800

3,232308, 200650,000

44, 800117, 537

19,53421,058

43, 97748, 837

16220, 92223, 5214,2322.9832,900

.114

.047

.1341,796

81. 62355,1725,484

5,042691

.0535,8135,663

1,770

.1052,6727,886

1,521374,900688,000

35,000119,301

21, 39722,088

49, 54751, 384

13022, 76724, 2074,2802,6463,915

.118

.049

.1352,042

78, 34252,0766,212

4. 368631

.0535,9096,551

2,132

.1052,8567,630

2,505477, 800672,000

34,440113, 925

22, 48025, 659

49,81250,861

17421, 78224,8104,0952,6823,884

.111

.050

.1362,006

74,39547,9726,749

3,570460

.0535, 4397,949

1,902

.1052,8007,427

3,024485,800642,000

39,480111, 604

25,02527,581

50, 50851,896

19122, 50225, 0284,1752,9092,987

.107

.050

2,112

71,82444,1967,123

3.710753

.0515,3908,855

1,982

.1052,7557,179

1,726509, 400596,000

28, 840109, 322

26, 11129, 282

53,82852,161

21022, 37126,1803,4003.0923,580

.107

.051

2,183

66, 44841,0466,624

4,436802

.0505, 7839, ?*l

1,963

.1053,0567,069

1,670577, 300529, 500

31,080108,173

26,24930, 018

49. 34751,890

22521,83325, 7004,1323,2373,609

.114

.053

2,037

26,10930, 951

49,68754, 974

25923,61126,6234,4814,3582.967

.124

.053

41, 4235,891

4,638 j560 j

.350 |5,806 I9,952

68,11643, 5165,140

5,0191,089

.0506,1419,967

2,207 2,656

.134 | .1662,854 I 3,5756,704 | 6,639

4,150 I 1,742550,400 541,800475,000 | 472,000

i

40,320 I 45,08089,584 ! 81,147

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins§ thous- of lb_Calf and kip skins§ do . . .Cattle hides§._ . . do . . .Goatskins§ »._doSheep and 1ambskins§ do.__

Livestock (federally inspected slaughter):Calves..._ thous. of animals.Cattle do . . .Hogs . . do . . .Sheep and lambs do. . .

Prices, wholesale (Chicago):Hides, packers', heavy, native steers.dol. per lb.Calfskins, packers', 8 to 151b do

LEATHERExports:

Sole leather thous. of lb_.Upper leather! thous. of sq. ft..

Production:Calf and kip .thous. of skins..Cattle hides thous. of hides..Goat and kid thous. of skins..Shoep and lamb _ do

Prices, wholesale:Sole, oak, scoured backs (Boston)

dol. perlb..Chrome, calf, B grade, composite!

dol. per sq. ft..Stocks of cattle hides and leather, end of month:

Total thous. of equiv. hides..In process and finished doRaw _. do

31,3601,980

13,0624,576

450837

4,4371,469

.146

.214

4464,623

LEATHER MANUFACTURES

Gloves and mittens: IProduction (cut), total.. dozen pairs..

Dress and semi-dress doWork . . _._do

.368

.453

24,4403,440

10, 7676,1222,685

457858

3,9131,453

.141

.163

423,416

1,1381,7872,6342,872

.324

' .394

13, 88510,0743,811

162,797102, 72560,072

25,6573,9729,5886,0754,468

417758

4,3461,347

.123

.157

263,689

1,2841,8843,2452,899

.318

••.392

13,99610,3013,695

32, 8263,56313,5286,3177,901

415761

4,0431,456

.121

.163

3,097

1,3191,9363,1852,899

.315

'.395

13, 6029, 8683, 734

135,759 119,257 153,40974,065 63,177 93,12361, 694 56,080 60, 286

28,1892,809

13, 2006,1893,975

385653

2.8901,361

.104

.154

143,492

1,3261,9433,1703,236

.303

'.392

13, 3759,6993,676

29,1962,380

11, 7716,7694,436

478774

3,2291,473

.107

.154

924,197

1,3291,9553,6233,115

.291

' . 3 9 0

13,0099,2293,780

174,937103, 73971,198

25,4542,505

11,3745,2604,858

457677

2,9311,224

.097

.145

463,585

1,1681,6723,4632,774

.290

' . 3 9 0

12,8139,0263,787

148,42081, 85066, 570

27,0261,939

10, 3886,3325,189

509814

3,4161,392

.105

.156

823,816

1,1871, 7363,4733,015

.290

' . 3 9 1

12, 9059,0783,827

149, 59188, 48061, 111

22, 5632,3028,0345,2144,385

448778

3,1851,401

.110

.164

473,640

1,2271,7153, 6663, 015

.294

' . 3 9 2

12,9769,1513,825

184,099111,92772,172

22, 6822,6857,1285,2364,619

417782

2,7781,399

.115

.161

533,428

1,0641,6193,3233,096

.305

' . 3 9 2

12, 8999,0593,840

161,643104, 988

56, 655

25,0931, 8679,3085,3625,370

414823

2,7921,457

.116

.160

652,905

' 1,155' 1, 949' 3, 397' 4, 205

.305

' . 3 9 2

» 12,606' 8, 876

3,730

206,134130, 500

75, 634

24,5781,585

10,6114,0134,807

427880

2,8851, 635

.146

.213

544,839

1,074'1,8113,065

' 3, 770

. 34S

'.410

12, 523' 8, 708'3,815

201,356130,10971,247

21, 3481,5038,8735,0254,517

482893

3,545J,585

.165

.240

2265,757

1,1561,9243,6973,938

.374

' . 4 6 3

12, 4898,7403,749

209,026133, 362

75. 664

' Revised.fFor petroleum and petroleum products, see note marked with a "f" on p.45. Retail distribution of gasoline revised for 1937-38; data not shown on p. 46 of the June 1939

Survey will appear in a subsequent issue. Wholesale price of chrome, calf, B grade leather revised beginning January 1938; data not shown above will appear in a subsequentissue.

IThfigures o. .....

§Revised

'he gasoline statistics in the above table have been rearranged and data on the production of benzol have been added. With tof total nioduction of motor fuels, as shown here. Data for benzol production becinnine1 1925 appear in table 52, p. 18, oevised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.

With this series included, it is possible to derive>f the November 1939 issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES-Continued

Shoes:Exports thous. of pairs._Prices, wholesale, factory:

Men's black calf blucher dol. per pair..Men's black calf oxfordt doWomen's colored, elk blucher do

Production, boots, shoes, and slippers:Total thous. of pairs..

Athletic doAll fabric (satin, canvas, etc.) doPart fabric and part leather doHigh and low cut, total .do

Boys' and youths' doInfants' doMisses' and children's doMen's doWomen's do

Slippers and moccasins for housewearthous. of pairs..

All other footwear... ....do

426

6.005.053.13

31, 872382241558

24, 6541,1721,9203,2289,0369,299

5,697340

139

5.754.703.00

30,054304305354

22, 5561,5531,8863,1328,6917,295

6,422114

113

5.754.703.00

29,988• 331

355476

24, 3591,4261,7753,3998,4039,355

4,297170

108

5.754.703.00

33, 561260457652

30,1491, 4141,9873,7408,876

14,132

1,695348

195

5.754.703.00

35,457237530778

31,4001,3021,9403,7118,645

15,801

1,983530

310

5.754.703.00

42, 375281760832

37,1311,5452,2564, 5059,930

18,894

2,651721

223

5.754.703.00

32, 578275591641

27,8421,4071,9513,1227,680

13,683

2,46i765

304

5.754.703.00

32, 222307526355

27,1611,4041, 8253,4357,739

12, 757

3,002871

176

5.754.703.00

31,776295454291

26, 3261,3901,9713,5797,888

11, 498

3,702708

184

5.754.703.00

33, 6182C8257380

28,8021,4391,8363,4017,628

14, 497

3,600310

234

5.754.703.00

43, 581358247567

36,9131,8942,1314,240

10,06518, 583

5,185311

205

5.754.703.00

36,379359277530

29, 6591,5021,9673,6818,572

13,936

5,303251

169

5.754.853.10

• 37, 073'440334676

r 29, 247'1,476'2,1713,783

'9,568r 12, 248

'6,093283

LUMBER AND MANUFACTURES

LUMBER—ALL TYPES

Exports, total saw mill products* M bd. ft.Sawed timber* do...Boards, planks, scantlings, etc __-do.-_

Imports, total saw mill products* do.__National Lumber Mfrs. Assn.:f

Production, total ...mil. bd. ft_Hardwoods do-__Softwoods _ _ _-do.,-

Shipments, total do...Hardwoods ___ do...Softwoods do...

Stocks, gross, end of month, total .do...Hardwoods doSoftwoods.. do...

73, 6696, 563

60, 08873,935

2,210382

1,8292,188

4141,7735,4081,6635,745

6,20013, 0008,1507,050

18,050

21, 89047,19142, 49735, 62671, 603

23, 2984,114

19,184

21.070

42.140

23, 3322, 258

21, 074545343

42. 393647633

1,825

302254

29.64431425

1, 985

513444578519908

66,93410,20556, 72950, 232

1,821294

1,5271,944

3561,5888,4782,0986,380

6,20011,2006,1005,500

21,600

30,89155, 72435,13931, 56091, 769

18, 5694,961

13, 608

17. 640

35. 280

22,1665,190

16, 976614323

42. 094605655

2, 075

398231

22.04303333

2. 104

555324449429986

93, 24713, 28979,95846,884

1,711279

1,4331,790301

1,4898,4092,0786,331

70, 65210, 63357,96949,521

1,782328

1,4551,866

3361,5308,3222,0696,253

7,45014,7006,0005,900

23,800

36,86860, 64928, 46326,91695,228

24, 5545,929

18, 625

18.424

35.280

19, 6094,326

15, 283608330

40. 764591585

2,100

'264'224

24.30181299

1,896

445388502474

1,021

70,72710, 87959, 22847,803

1,637325

1,3121,709

3081,4018,2512,0876,164

5,40015,2005,5804,850

24,350

26,91056, 48227, 64027, 30894,730

25,9725, 696

20, 276

18. 820

36.000

18,4964,709

13, 787534327

39. 885538537

2,101

-•239'197

25.24153267

1,782

426383434431

1,024

92,98021, 76665, 50562, 591

1.923336

1,5872,091

3581,7338,0822,0656,017

6,55014,0005,3007,400

22,600

28,14451,67529,63931,95192,445

34, 54514, 95019, 595

18.620

34.300

25, 3146,706

18, 608670343

40. 303645654

2,092

'317'198

25.13233316

1,699

602373507551982

82,95616, 58661, 72658, 292

1,968296

1,6722,022

3361,6878,0302,0206,010

8,10014,0005,6007,200

21,000

26,12847,19928, 56530,60487,191

29,48611, 48518,001

18. 620

35.280

20, 8574,954

15,903618300

39. 968608601

2,099

'366'225

24.81349339

1,709

513376519549970

98,93218, 81973,43048, 941

2,235302

1,9332,215

3351,8808,0451,9806,065

7,55014, 2005,6507,600

18,850

32, 93741,13735, 44737, 99983, 635

36, 57012,19324, 377

18. 620

35. 280

24, 7406, 168

18, 572675346

40. 298681689

2,091

'402'222

24.90498405

1,802

660402528549955

112,13017, 98489, 25454, 692

2,252301

1,9512,272

3581,9148,0431, 9336,110

6,85012, 4007,4008,200

18,400

36,05839, 79334, 26837, 40179, 503

45,02810, 99234,036

18. 620

36.505

23, 4766,668

16, 808673347

38. 998637672

2,056

'443'238

25.08520428

1,888

572437566580950

115, 26419. 69892, 05153, 021

2,143303

1,8412,157

3541,8038,0231,8816,142

8,10011, 9006,2008,300

16, 600

36, 71339, 52334,12636, 98576,165

48,10511. 50736,598

18. 620

37. 240

30, 0287,916

22,112624341

39. 383626630

2,052

'454'272

25.42484418

1,943

547487519537946

124,02120, 25699,15654, 222

2,401352

2,0492,534

3922,1437,8941,8426,052

8, 25010,9508,1509,150

15, 900

47,11746, 19141,18044, 66672,679

55, 75514, 54641,209

19.110

37.828

18, 8215, 529

13, 292760378

40. 568689723

2,018

509'298

25.65552484

1,975

772483580673869

100, 83414,49182,16459, 406

2,283359

1,9242,532

4312,1017,6351,7725,863

11,90014, 4008,6008,700

16, 000

58, 23064, 77339,83544,81665,647

34, 2808,972

25,288

19.845

39.445

28,6645,287

23, 377894536

40. 560625736

1,907

600'415

26.81502483

1,994

674570577632838

84, 3265,928

73, 918102,606

2,323377

1,9462,596

4702,1267,3771,6965,681

FLOORING

Maple, beech, and birch:Orders, new M bd. ft 6,200 6,200 6,500 7,450 5,400 6,550 8,100 7,550 6,850 8,100 8,250 11,900 8,650Orders, unfilled, end of month . d o . . . . 13,000 11,200 13,000 14,700 15,200 14,000 14,000 14,200 12,400 11,900 10,950 14,400 14,150Production . . d o 8,150 6,100 6,200 6,000 5,580 5,300 5,600 5,650 7,400 6,200 8,150 8,600 9,000Shipments . d o . — 7,050 5,500 4,900 5,900 4,850 7,400 7,200 7,600 8,200 8,300 9,150 8,700 8,800Stocks, end of month d o . — 18,050 21,600 23,350 23,800 24,350 22,600 21,000 18,850 18,400 16,600 15,900 16,000 16.6

Oak:Orders, new „ do 21,890 30,891 26,659 36,868 26,910 28,144 26,128 32,937 36,058 36,713 47,117 58,230 38,729Orders, unfilled, end of m o n t h . . . I . . . do ._ 47,191 55,724 52,697 60,649 56,482 51,675 47,199 41,137 39,793 39,523 46,191 64,773 59,699Production do 42,497 35,139 31,720 28,463 27,640 29,639 28,565 35,447 34,268 34,126 41,180 39,835 44,750Shipments do . 35,626 31,560 27,686 26,916 27,308 31,951 30,604 37,999 37,401 36,985 44,666 44,816 43,739Stocks, end of month . . . d o . — 71,603 91,769 94,181 95,228 94,730 92,445 87,191 83,635 79,503 76,165 72,679 65,647 66,397

SOFTWOODSFir, Douglas:

Exports, total saw mill p r o d u c t s * . . M b d . f t - 23,298 18,569 30,098 24,554 25,972 34,545 29,486 36,570 45,028 48,105 55,755 34,280 23,416Sawed timber . . do 4,114 4,961 9,015 5,929 5,696 14,950 11,485 12,193 10,992 11.507 14,546 8,972 1,982Boards, planks, scantlings, etc d o . . . . 19,184 13,608 21,083 18,625 20,276 19,595 18,001 24,377 34,036 36,598 41,209 25,288 21,434

Prices, wholesale:No 1. common boards, . .dol. per M b d . f t - 21.070 17.640 18.008 18.424 18.820 18.620 18.620 18.620 18.620 18.620 19.110 19.845 20.874Flooring, 1 x 4 , " B " and better, V. G.

dol. per M bd. f t . . 42.140 35.280 35.280 35.280 36.000 34.300 35.280 35.280 36.505 37.240 37.828 39.445 41.552Southern Pine:

Exports, total saw mill products*_M. bd. f t . . 23,332 22,166 26,925 19,609 18,496 25,314 20,857 24,740 23,476 30,028 18,821 28,664 24,221Sawed t imber . d o . . . . 2,258 5,190 4,012 4,326 4,709 6,706 4,954 6,168 6,668 7,916 5,529 5,287 3,659Boards, planks, scantlings, etc do 21,074 16,976 22,913 15,283 13,787 18,608 15,903 18,572 16,808 22,112 13,292 23,377 20,562

Orders, newt mil. b d . f t - 545 614 562 608 534 670 618 675 673 624 760 894 661Orders, unfilled, end of month __ do 343 323 307 330 327 343 300 346 347 341 378 536 431Price, wholesale, flooring dol. per M bd ft 42.393 42.094 41.013 40.764 39.885 40.303 39.968 40.298 38.998 39.383 40.568 40.560 42.998Productionf mil. bd. f t - 647 605 597 591 538 645 608 681 637 626 689 625 670Shipmentst — do 633 655 578 585 537 654 601 689 672 630 723 736 766Stocks, end of month . . . . d o . . - 1,825 2,075 2,094 2,100 2,101 2,092 2,099 2,091 2,056 2,052 2,018 1,907 1,811

Western Pine:Orders, newf . . . . _ do 302 398 348 '264 '239 '317 '366 '402 '443 '454 509 600 470Orders, unfilled, end of month t d o . — 254 231 259 '224 '197 '198 '225 '222 '238 '272 '298 '415 '377Price, wholesale, Ponderosa Pine, 1 x 8 , no. 2,

common (f. o. b . mills) dols. per M bd ft 29. 64 22. 04 22. 92 24. 30 25. 24 25.13 24. 81 24.90 25. 08 25. 42 25. 65 26. 81 28. 61Productionf mil. bd. ft. 431 303 236 181 153 233 349 498 520 484 552 502 493Shipmentst - - do 425 333 320 299 267 316 339 405 428 418 484 483 508Stocks, end of month t . d o . — 1,985 2.104 2,014 1,896 1,782 1,699 1,709 1,802 1,888 1,943 1,975 1,994 1,979

West Coast Woods:Orders, new do 513 555 451 445 426 602 513 660 572 547 772 674 514Orders, unfilled, end of m o n t h . do 444 324 361 388 383 373 376 402 437 487 483 570 521Product ion do. — ! 578 449 447 502 434 507 519 528 566 519 580 577 600Shipraentst do — -- - -~~Stocks, end of month d o — . 908 986 988 I 1,021 1,024 982 970 955 950 946 869 1 838 1 839

' Revised.•New series. For the new series on exports of sawed timber and imports of sawmill products data beginning 1913 appear in tables 44 and 45, p. 18 of the October 1939

Survey. For Douglas fir and southern pine, the new series on total exports represent a total of the items regularly shown. Note that the more definitive title "boards,planks, and scantlings, etc." has been substituted for "lumber."

tRevised series. Wholesale prices of men's black calf oxfords revised beginning January 1938 because of style change with price of slightly different type substituted atthat time. Revised data for 1938 are shown on p. 47 of the September 1939 Survey. Data for production, shipments, and new orders of southern pine, and production, ship-ments, and stocks of western pine for 1937 adjusted to 1937 Census of Manufactures; 1938 and 1939 data adjusted to the 1938 Census for production, shipments, and stocks of totallumber and production, shipments, and new orders of southern pine; data for 1936-39 for new and unfilled orders and 1938 data for production and shipments of westernpine have been adjusted to the 1938 Census of Manufactures. Data for 1936-39 for production and shipments of west coast woods have been revised to shift from a 4- and 5-weekreporting basis to a 4^-week basis adjusted to quarterly totals; these revisions are carried to the figures for total lumber production and shipments. Revisions for the itemsand periods specified will appear in a subsequent issue.




1939

Novem-ber

1938 1939

Novem-ber

Decern- jber

Janu-ary

Febru-ary March April M a y June July August temper Pctober

LUMBER AND MANUFACTURES—Cont inued

SOFTWOODS-Cont inued

Redwood, California:Orders, new __M bd. ft__ 22,005Orders, unfilled, end of month d o . . . . 31,445Production do 31,201Shipments do 28,019Stocks, end of month do 208.897

FURNITUREAll districts: |

Plant operations percent of normal. .| 67. 0Grand Rapids district:

Orders:Canceled percent of new orders.. 7.0New no. of days' production.. 23"Unfilled, end of month do 35

Plant operations percent of normal.- 65. 0Shipments, . . no. of days' production.. 20

Prices, wholesale:Beds, wooden 1926=100.. 77.9Dining-room chairs, set of 6 do 102.3Kitchen cabinets . do 88.1Living-room davenports do 87.2

Steel furniture (see Iron and Steel Section).

25,93924. 69433,lOfi25, 023

304.859

6.01918

61.015

79.3102.387.687.2

22,13425.31027, 28419.181

313. CN7

58.0

7.01213

62.013

77.6102.387.687.2

34. 27034,56225. 2rtl23,811309,310

56.0

4.01921

58.012

77.6102.388.187.2

20 87530,64726.27224, 243

307, 494

56.0

5.01419

53.013

77.6102.388.187.2

32, 09832. 48528, 58530,822

300, 378

'57.0

5.01416

53.015

77.6102.388.187.2

26, 38729. 67627. 93028. 096

298, 052

53.0

6.01013

42.012

77.6102.388.187.2

26,84628,18131,61427,806

299,887

53.0

7.01113

47.011

77.6102.388.187.2

24, 49824, 56328, 26227, 469295, 551

50.0

2.02528

47.013

77.6102.388.187.2

23, 16828,37725, 42123, 497

296, 426

51.0

4.01630

50.013

77.6102.388.187.2

32,08528, 40432, 98932, 405

298, 707

59.0

3.02030

56.018

78.1102.388.187.2

1

39, 72741,02730, 29526, 772

299, 358

63.0

3.02331

56.019

78.1102.388.187.2

' 30, 782»• 39. 092* 33, 358r 32, 603296, 462

66.0

5.02635

63.021

77.9102.388.187.2

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade:Exports (domestic) total§ long tons..

Scrap doImports, total § - do

Scrap doPrice, wholesale, iron and steel, composite

dol. per long ton..Ore

Iron ore:Lake Superior district:

Consumption by furnacesthous. of long tons..

Shipments from upper lake ports doStocks, end of month, total do

At furnaces. . doLake Erie docks... , do

Imports, total § _. doManganese ore, imports (manganese content)!

thous. of long tons..

Pig Iron and Iron Manufactures

Castings, malleable:Orders, new short tons...Production, _ _ do

Percent of capacity .__.Shipments short tons..

Pig iron:Furnaces in blast, end of month:

Capacity... -long tons per day_.Number

Prices, wholesale:Basic (valley furnace) dol. per long ton..Composite doFoundry, No. 2, northern (Pitts.)

dol. per long ton..Production thous. of long tons..

Cast-iron boilers and radiators:Boilers, round:

Production thoas. of lb_.Shipments . doStocks, end of month do

Boilers, square:Production _ doShipments ._ doStocks, end of month do

Radiators:Convection type:

Sales, incl. heating elements, cabinets,and grilles thous. sq. ft. heating surface..

Ordinary type:Production « . doShipments „__. doStocks, end of month do

Boilers, range, galvanized:Orders:

New number of boilers...Unfilled, end of month, total.. _.do

Production doShipments doStocks, end of month . . . .do

Steel, Crude and Semimanufactured

Castings, steel:Orders, new, total ...short tons..

Percent of capacityRailway specialties. short tons..

Production, total doPercent of capacityRailway specialties. ...short tons..

124,085191

22.5023.15

24.893,720

2,2332,88211,905

17, 27323. 75180, 391

660

5,6477.82421,424

80. 26548, 99984. 18182, 49230, 677

99, 89989.2

52,14685. 75576.6

36, 615

469, 596273,44027, 6274,749

36.39

3,1501,481

37, 45632,1665,290198

26

36, 64335,35143.0

35, 563

75, 795121

20.5021.15

22. 892, 270

2,2333,08316,877

15,38820.027104, 021

4,7655, 697

26, 394

70, 86237, 17083,71680, 57431,819

30, 42827.27.128

29, 99426.87,207

490. 095323, 69128, 7676,519

36.37

3,0410

34, 57929, 4565,123187

30

35,63338, 80246.0

36,434

71,315117

20.5021.15

22.892,211

1,3382,18216,114

10,12815, 08198,831

498

3, 9554,815

25, 624

47, 88220, 62670, 23264.42637, 625

38, 34234.2

14, 74936,13032.3

11, 282

362, 672227, 88427, 6643, 333

36.36

2,9270

31. 68926,6465,043180

10

38,10535, 37243.5

36, 403

70, 235118

20. 5021.15

22.892,175

1, 5731,642

15,986

12, 88112, 27699,128

442

4,8963,81428, 279

61.00315, 02664, 09466, 60335, 317

42, 02437.5

12. 60638, 92834.8

12, 804

359,690224, 91319,1491,413

36.37

2,8530

28, 84023,9124,928179

26

33, 23434, 78642.9

34, 698

74, 285121

20.5021.15

22.892,060

1,8071,376

16, 491

13, 8019,246

104,303

305

4,7112, 95030,800

50,87612. 60456, 47653, 29838, 495

30, 36027.16,84836, 47132.6

10, 060

474,360312, 26225, 369

780

36.40

3,3170

25,87221,0544,818203

21

35, 99739, 61547.5

39, 807

77,460123

20.5021.15

22.892,395

2,1981,113

17, 579

19,96010, 406114,878

340

5,5932,88733,612

57, 92810,14560, 42160, 38738, 463

41.36736.9

11.12540, 21935.9

10,173

394,008240,12444, 0832,769

36.34

2,80057

22, 79118, 3064,485

162

11

29,18331, 64038.8

33,666

60,160102

20.5021.15

22.892,056

1,9161,20318,301

15,3399,448

119,839

476

4, 3503,10334,875

69,77219,44253, 45460, 47531,442

34,10030.49, 65535, 94432.19,751

532,641384, 88128,1423,971

35.80

2,2463,60123,07118, 8354,236217

17

27, 70230,84037.8

32, 657

60, 515107

20.5021.15

22.891,718

1,9301,051

19,084

16, 42911, 744124,462

556

4,2764,20734,963

68,19120,63867, 61066, 99532,057

41,66037.2

12. 62141, 35936.9

12,506

588, 856398, 88832, 5872,537

35.69

2,8305,573

25, 86121,6104,251

189

15

29,04130, 78137.0

32, 566

72,495118

20. 5021.15

22.892,118

1,9501,42719,421

16,19414. 577126,130

729

4,6554,73034,975

59, 27716. 24562. 99663, 67031, 472

37, 77433.7

11,87240, 27236.0

11,060

513,664350, 06630, 8513,335

35.82

3,1436,31028, 50724,1964,311222

24

29, 89228, 83635.3

26,169

79, 765130

20.5021.15

22.892,356

1,3871,749

19, 056

15, 28416,807124, 581

811

4,1875,280

33, 902

53, 91419,67147,89450, 48828, 878

34, 80431.17,72134,16830.58,498

477,078291. 89628, 3283, 729

35.95

3,7756,95532,71428, 3654,349213

18

40,00540, 21247.9

33, 289

87, 715138

20.5021.15

22.892,660

1.9462, 53718,403

21, 44225, 360120, 651

1,106

5,2997, 23432,007

06,08216, 69469, 65669, 05929, 475

39, 69835.46,912

42, 42837.9

10, 229

575,613330. 68029, 8743,216

36.67

4,1857,865

35, 85331, 2034, 650179

43

64, 73241,42750.5

39, 215

105, 525169

21.5022.35

23.892,879

2,1814,634

16, 010

20, 69635, 593

105, 757

915

5,2999,20928,133

133, 38461, 49486, 06988, 58426, 960

96, 68786.3

42, 21343, 59038.9

12, 449

591, 856336, 77519. 1892,305

37.62

5,2719,201

39, 00533, 9445,121203

57

63, 83554, 26366.3

49, 807

120, 565

22.5023.15

24.893,628

2,6885, 44513,264

20, 92539, 86986, 890

792

6.75410, 38724, 543

51, 226110,988108, 960

119,687106.9

58, 53072, 096

64.426, 391

r Revised.IRevised series. Data revised for 1937; see tables 19 and 20, pp. 14-15 of the April 1939 issue.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April M a y June July August Sep-

temberOcto-ber

METALS AND MANUFACTURES—Continued

IRON AND STEEL—ContinuedSteel, Crude and Semimanufactured—

ContinuedIngots, steel:

Production thous. of long tons..Percent of capacity

Bars, steel, cold-finished, carbon, shipmentsshort tons..

Prices, wholesale:Composite, finished steel dol. per lb._Steel billets, rerolling (Pittsburgh)

dol. per long ton..Structural steel (Pittsburgh) dol. per lb__Steel scrap (Chicago) dol. per gross ton..

U. S. Steel Corporation:Earnings, net thous. of dol._Shipments, finished steel products

thous. of long tons..Steel, Manufactured Products

Barrels and drums, steel, heavy type:Orders, unfilled, end of month number..Production do

Percent of capacityShipments number..Stocks, end of month do

Boilers, steel, new orders:Area thous. of sq. ft..Quantity number..

Furniture, steel:Office furniture:

Orders:New thous. of doL.Unfilled, end of month . . .do

Shipments doShelving:

Orders:New doUnfilled, end of month do

Shipments doPlate, fabricated steel, new orders:*

Total . short tons..Oil storage tanks- . . . do

Plumbing and heating equipment, wholesaleprice (8 Hems) dollars.

Porcelain enameled products, shipments ?thous. of dol._

Spring washers, shipments doSteel products, production for sale (quarterly):

Merchant bars thous. of long tons..Pipe and tube _ do .Plates doRails do „Sheots, total._ . d o . . . .

Percent of capacity... __Strip:

Cold rolled thous. of long tons..Hot rolled do

Structural shapes, heavy doTin plate doWire and wire products I.-doIIII

Track work, shipments short tons..NONFERROUS METALS AND

PRODUCTSMetals

Aluminum:Imports bauxite § long tons..Price, wholesale, scrap, castings (N. Y.)

dol. per lb . .Babbitt metal (white-base antifriction bearing

metals):Consumption and shipments, total

thous. of lb_.Consumed in own plants doShipments . do

Copper:Exports, refined and manufactures!

short tons...Imports, total § do

For smelting, refining, and export§. doProduct of Cuba and Philippine Islands

short tons._All otherf do

Price, wholesale, electrolytic (N. Y.)dol. per lb—

Production:Mine or smelter (Incl. custom intake)

short tons..Refinery do

Deliveries, refined, total doDomestic ____ _ doExport I_IIII"IdoJI__

Stocks, refined, end of months, doLead:

Imports, total, except manufactures (lead con-tent) §_.__ short tons. .

Ore:Receipts, lead content of domestic ore. doShipments, Joplin district^ - .-do |r Revised.

5,46392

67, 977

.0263

34.00.021017. 66

1,271

966,5191,575,168

91.21,592,000

49,745

659

2,0751,3152,142

660575487

25,9959,107

6,640

54,801

.0950

2,456794

1,661

41,04919, 93717, 451

1,3641,122

.1223

0)0)0)0)(00)

2,762

3,55860

37,673

.0268

34.00.021014.20

680

248, 376788,040

49.0799, 67824,603

635947

1,8131.0641,707

335255442

20, 2133,629

233.97

675186

2,514

33, 737

1, 596597999

31,28516,15415. 56S

172413

.1103

73, 20566, 84664, 65751,39713,260

269, 488

4,482

34, 7165,419

3,13153

36, 315

.0268

34.00.021013.75

19,792

519, 375830,979

51.7822, 74632, 696

8921,012

1,852977

1,982

315205357

28, 2185,950

233.97

645177

616611452105

1,81269.0

160384395374617

2,840

41,060

.0800

1,606648958

40,74122,13221, 731

156244

.1103

72, 70968,07147. 80438, 9778,827

289, 755

4,241

35, 8854,544

3,17453

39,648

.0268

34.00.021013.85

789

438,746749, 070

47.5746,51034, 717

1,1311,264

1,9661,1321,813

253318

20, 5114,081

233.99

610185

2,909

.0750

1,725644

1,080

25, 50318, 55118,076

100374

.1103

60,17066,31654. 82751, 0593,768

301,244

11, 998

37, 6549, 695

2,98954

38,571

.0268

34.00.021014.06

678

421,037552,189

35.0556,06930, 586

817892

1,7821,1401,775

292349

22,9037,401

234. 64

771180

4,250

35, 397

.0713

1,460359

1.101

23, 80711, R3410, 509

148979

.1103

60,70759, 45251, 57748, 2673 310

309,119

15, 485

31, 5936,314

3,40555

42,808

34.00.021014.25

15,881

768

351,203709, 252

44.4710, 22829,610

617

1,7981,0521,886

499317474

29, 7847,723

234. 82

959215

672595491293

1,65460.1

125243459422674

6,481

40,309

.0713

1,783531

1, 252

27,36419, 36518, 450

105810

.1103

61,75266, 71855. 02550, 8034,222

320,812

13, 257

31, 7483.926

2,97452

36,287

34.00.021013.38

701

277,719800, 292

50.1799, 40430,498

765834

1,619952

1,707

399327389

35, 8445,429

234.82

853181

6,819

38, 288

.0703

1,380338

1,042

28,16220, 65119, 728

742

.1027

62, 54858, 36846. 66742. 4844 183

332, 513

16, 593

30,6143,734

2,92347

34, 287

.0264

34.00.021012.80

723

257,961814, 298

51.1812, 84331, 867

877983

1,7801,0161,716

507387447

34,03610,976

234. 77

851171

6,658

51, 027

1,602425

1,177

36,30319, 04018,128

903

.0983

58, 60068, 53663, 89451,22512, 669

337,155

10,961

33,589'4,692

3,12553

35, 615

.0262

34.00.021013.56

15, 881

733

208,000833,378

52.3822, 65842,587

1,0321,098

1,9021,2071,714

420360451

33, 95913, 481

234. 77

826183

595620505

1,49252.7

110210474556650

8,832

43,629

1,749611

1,137

39,35023, 24821, 992

1841,072

59, 67261, 71963, 86253,57310, 289

335,012

5,179

32, 300r4,104

3,16355

32,809

.0261

34.00. 021013.56

235, 772719,055

45.1725, 66933, 025

7721,033

1,7371,3821,567

400358360

31, 3648,188

234.71

951149

5,330

44, 805

.0688

1,613517

1,096

35,16821,12318,646

1352,342

54, 53257, 33975, 80859, 68116,127

316, 543

3,864

31,2683,491

3,76361

42,895

.0261

34.00.021013.88

804

247, 729826,941

51.9825, 551

34,407

1,175

1,8131,3081,887

404328433

21,8288,229

234.87

1,151184

5,402

40, 644

.0702

1,999629

1,370

45,84016,17615, 582

136459

.1026

0)0)0)0)0)0)

3,019

35,0634,484

4,23171

55, 495

.0261

34.00.021016.22

985

771, 7141,163,465

73.01,166,980

30, 892

1,7521,380

2,0491, 3502,007

411331408

39, 75111, 498

235.19

233

559814554188

1,75365.6

1 Temporarily not available.

152183561587588

4,916

33,133

.0713

3,133741

2,392

35, 69617, 01516, 664

128224

.1164

0)0)(00)

84,391

35, 6123,415

5,39491

67, 599

.0263

34. 00.021019.05

1,219

1,138,5431,549,056

91.01,513,362

66, 586

1,089997

2,1361,3832,104

520402449

37, 76610, 991

235.33

1,128262

5, 658

45, 660

.0713

2,635789

1,846

26, 80615, 36013,012

1,464885

.1222

0)0)0)

84,063

35, 9364,380

• Data are for 46 identical manufacturers; beginning January 1938 data are available from the reports of the Bureau of the Census for 26 additional sm1As reported by 21 manufacturers through December 1938; subsequently, 2 of these ceased operations. For 1937 and 1938, data are available from

Bureau of the Census for 34 additional establishments, and, beginning January 1939, for 80 additional establishments.JData for November 1938, March, May, August, and November 1939 are for 5 weeks; other months, 4 weeks.^Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.

all establishments,the reports of the




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

METALS AND MANUFACTURES-Continued

NONFERROUS METALS ANDPRODUCTS-Continued

Metals—Continued

Lead—Continued.Refined:

Price, wholesale, pig, desilverized (N. Y.)dol. perlb_.

Production from domestic ore_.short tons..Shipments (reported) doStocks, end of month do

Tin:Consumption of primary tin in manufactures

long tons..Deliveries doImports, bars, blocks, etc doPrice, wholesale, Straits (N. Y.)~dol. per lb_.Visible supply, world, end of mo.t-—long tons..

United States do_...Zinc:

Ore, Joplin district: 1Shipments short tons..Stocks, end of month do

Price, wholesale, prime, western (St. L.)dol. per lb_.

Production, slab, at primary smeltersshort tons..

Retorts in operation, end of mo number..Shipments, total short tons..Stocks, refinery, end of mo do

Miscellaneous ProductsBrass and bronze (ingots and billets):

Deliveries .__ short tons..Orders, unfilled, end of month do

Plumbing fixtures, brass, shipmentsthous. of pieces..

Radiators, convection type, sales:Heating elements only, without cabinets or

grilles thous. of sq. ft. heating surface..Including heating elements, cabinets, and

grilles thous. of sq. ft. heating surface..Sheets, brass, wholesale price, mill dol. per Ib_.Wire cloth (brass, bronze, and alloy):

Orders, new thous. of sq.ft..Orders, unfilled, end of month. doShipments... do..-.Stocks, end of month. do

MACHINERY AND APPARATUSAir-conditioning systems and equipment:

Orders, new:Totalt thous. of dol..

Air-conditioning group doFan-gronpf doUnit-heater group do

Electric overhead cranes:Orders:

New doUnfilled, end of month do

Shipments doExports, machinery. (See Foreign trade.)Foundry equipment:

Orders:New _1922-24 = 100-Unfllled, end of month do

Shipments doFuel equipment:

Oil burners:Orders:

New number _.Unfilled, end of month.. do

Shipments _ doStocks, end of month...„ do

Pulverizers, orders, new doMechanical stokers, sales:

Classes l, 2, and 3 - . .doClasses 4 and 5:

Number.Horsepower

Machine tools, orders, new tav. mo shipments 1926=100..

Pumps and water systems, domestic, ship-ments:

Pitcher, other hand, and windmill pumpsunits..

Power pumps, horizontal type doWater systems, incl. pumps do

Pumps, measuring and dispensing, shipments:Gasoline:

Hand-operated units . .Power do

Oil. grease, and other:Hand-operated -doPower do

0. 55044, 74864, 36558,061

7,8707,6295 224

38,0353, 383

. 0650

53.52446.86764,40761, 522

8,49713, 459

94

870.191

3291,829

616612

4452,390

719

192.7246.9170.1

18,7583,639

20,08518,165

42

0)

I

0.050935,95842,005115,134

4,1603, 5354,448.462337,1455,060

42, 63617, 299

.0492

40, 34336, 24343, 693120, 778

4,75913, 740

110

570.175

419780458446

2,885819837

1,228

1791,052207

89.787.094.5

11. 4092,56411.51821,421

12

7,689

22834, 533

112.2

26, 572893

12, 803

8588,412

14, 6532,367

0.048430, 98833,908115,902

4, 3303,4003,555.461837,7125,157

34, 42812, 251

.0450

45, 34538, 79339, 354126, 769

4,34711,463

1,218

109

491.174

360752392450

3,2111,112871

1,228

3771,171257

141.9126 0102.8

8,4352,1558,824

21, 32619

4,752

21940,117

146.5

24, 889865

10,402

6497,652

10,7081,480

0.048338,29940, 189

117, 214

4,2304.3303,971.4638

39.1004,624

27, 38912,602

.0450

44, 27739.50042, 639

128, 407

4,9269,240

1,391

37

410.173

505868388478

3,3351,741

812782

1681,173

166

122.5151.496.3

9,6163,0338,738

21, 88516

3,398

18934,909

150.8

41,191464

14,738

7405,858

10,2972,071

0.048136, 39134, 421

122,112

4,4104,1055,097.4562

40, 0355,486

33, 2208,652

.0450

39, 61339, 45939, 828

128,192

4,6628,161

1,419

26

418.173

352805404504

2,6741,205

821648

2011,131

244

135.5175.1112.2

7.9813,3407,674

22, 85010

2,375

18638,932

167.1

31. 485740

14, 259

1,0056,156

11,9822,981

0.048237, 79040,871122, 035

5,2704,7555,208.4621

37, 7885,806

35,18910, 503

.0450

45,08438, 25145, 291127,985

5,81814, 571

1,505

47

497.173

484853427532

4,8032,8651,073864

284993270

146.6193 6128.1

11, 8064,47510,67121.790

33

3,669

16834,811

185.4

42, 693732

16, 222

1,5828,878

13,0784,305

0.047836, 70437,903

123, 394

5,1905,9803,814.4720

37, 2243,385

31,0499,294

.0450

43,03638. 76340. 641

130,380

4,65714,037

1,330

62

546.170

347768422549

4,5273,014

955558

8231,504

312

146.2208.6131.0

11,3465,181

10, 64021, 619

8

3,427

16432, 540

155.6

38, 4681,463

16, 889

1,3469,637

13,9193,544

0. 047543, 02640,124

129, 270

5,9205, 9055,118.4902

33,7153,387

39, 7337,851

.0450

42, 30236, 33139, 607

133,075

4, 54312, 688

1,554

101

717.165

481830413560

4,9793,1931,318

468

4381,755

174

108.9173.1144.3

15, 2845,456

15, 00920, 214

23

5,023

21549,255

219.8

44,216731

20, 773

1,60112,017

17, 0853,332

0.048037, 23738, 710

129, 636

5,7804, 9256,020. 4885

30. 0394,388

31,2126,749

. 0450

39, 45036, 29137, 284

135, 241

5,02611,065

1,577

138

814.165

366750444582

5,9313,9011,509

521

2741,813

215

134.9159.2148.5

17,9016, 451

16, 90619, 947

17

7,599

26756, 419

211.6

55,048953

23,067

1,12911, 430

15,6123,186

0.048534,92642, 636

124,017

5,1405,2756,179. 4S52

29,6155,339

26, 2487, 601

.0452

39, 66935, 49143, 128

131, 782

5,03514, 625

1,532

125

657.167

468823392624

4,6912,8181,327

546

3831,917

280

114.0135.6135 5

17,8386,952

17, 33718,854

11

9,246

27951, 722

230.9

52, 336964

19,029

8759,419

14,0532,011

0. 050436, 55645, 025

117, 985

5,9006,2954,735. 4876

26, 3383,613

35, 7489,503

.0472

40, 96034, 44349, 928

122, 814

6,00615, 542

1,721

68

787.168

413793439637

4,6572, 6311,336

690

8442,414

347

131.6123.1143.8

22, 7485, 040

24, 66019, 642

14

14, 682

37663, 899

206. 5

52, 8971,138

19, 890

7369,275

12, 4682,449

0. 054535,08659,88997,473

' 6, 5705,0504,427(•)

31,1683,413

30,2859,958

.0610

42, 22537, 72969, 42495,615

7,53922,499

2,109

105

986.183

1,2701,513547593

5,7433,3281,422

4342,474375

184.4174.9132.6

36. 275,96735,35216,460

53

19,959

43986, 714

0)

47, 439860

18,452

.-„!

0.55038,90366,06073, 963

7,6306,0405,427.5525

38,2063,536

36, 7347,204

.0650

50,11743,10973,32772,405

8,99317,878

1,992

SO

891.190

1,1782,125564638

6,1213,3221,3871,412

5692,665

378

220. 6224.7170.7

33,6574,966

34, 65816, 675

38

17,846

37663,264

0)

43, 90S949

17,444

962 J 7687,624 i 8,611

12, 554 14. 7852,703 ! 7,895

r Revised. ° Nominal. l Discontinued by reporting source.tRevised series. Data for "driving mechanisms for general fan use" have been removed from the fan group beginning January 1936. Revisions not shown on p. 60 oi tbe

May 1939 issue will appear in a subsequent issue. Beginning January 1939. data on air-conditioning systems and equipment are available for from 252 to 267 manufacturers;figures shown here are for 125 of these whose orders in January 1939 amounted to morn than S5 percent of the total for 252 manufacturers. World visible supply of tin revised be-ginning January 1935 to include stocks of refined tin at all European smelters; data not shown on p. 50 of the November 1939 issue will appear in a subsequent issue.

IData for November 1938. March, May. August, and November 1939 are for n weeks: othor months. 4 weeks.1A new series based on the operations of manufacturers accounting for about 60 percent of the total dollar sales of machine tools has been compiled beginning January 1939.

Available data are as follows (percent of capacity): Jan., 52.5; Feb., 56.1; Mar. 58.7; April 61.2; May 63.6; June 65.5; July 65.8; Aug. 72.6; Sept. 74.6; Oct. 84.9; and Nov. 91.2.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


temberOcto-ber

METALS AND MANUFACTURES-Continued

MACHINERY AND APPARATUS—Con.Pumps, steam, power, centrifugal, and rotary:

Orders, new .thous. of doLWater-softening apparatus:

Shipments, domestic units.Woodworking machinery:

Orders:Canceled. -thous,, of dolNew. ...doUnfilled, end of month do

Shipments:Quantity number of machines.Value thous. of dol.

ELECTRICAL E Q U I P M E N T

Battery sales (replacement only):*Unadjusted 1934-36=100.Adjusted do

Electrical products:*Industrial materials, sales bil led.. .1936= 100.Motorsand generators, orders received.-doTransmission and distribution equipment,

orders received 1936=100-.Furnaces, electric, industrial, sales:

Unit kilowatts,.Value thous. of dol..

Electrical goods, new orders (quarterly)thous. of doL.

Ironing machines, sales* uni ts . .Laminated products, shipments , thous. of dolMotors (1-200 hp.) :

Billings (shipments):A. O._ d o , . . .D. O d o . . . .

Orders, new:A. C do . .D . C - d o " -

Power cable, paper insulated, shipments:U n i t . . . _ thous. of ft..Value thous. of doL.

Power switching equipment, new orders:Indoor . .dollars. .Outdoor . . . d o

Ranges, billed sales thous. of dol..Refrigerators, household, sales . . number . .Vacuum cleaners, shipments:

Floor . doHand-type _ do

Vulcanized fiber:Consumption of fiber paper thous. of lb_.Shipments! thous. of dol..

Washing machines, sales* units . .

1,339

1,481

6521, 346

232505

4,153368

126,480355,056

1,442

108, 33832, 728

2, 594748

102, 990

970

1,038

456720

172388

168120

81.967.6

73.1

1,17667

8,226851

1,506305

1,605651

603

55, 627124, 927

1,04732,103

89, 77229, 734

1,565422

84,192

1,155

1,077

4612910

236418

149132

79.272.1

79.4

2,356110

160, 3749,210

876

1,713446

1,733

476502

91, 720138, 840

1,00647, 599

95, 52130,632

1,385383

67, 502

1,204

1,108

13363863

190397

100127

79.669.2

81.0

3,147195

1,436330

1,574540

271273

51,124109, 799

2,230150,108

78, 75323, 846

1,410458

109, 909

1,282

1,082

14410836

216422

78122

79.267.8

108.3

1,235

8,016812

1,508449

1,762404

353312

47, 4.58223, 2S6

2,103198, 528

87,14025,182

1,561470

129, 885

1,258

1,698

1445

209384

73121

90.899.3

129.1

4,681215

197, 65411, 607

2,050557

2,356739

637662

87, 019197,175

2,263251,644

122, 78529,470

2,070528

152, 725

1,230

1,122

5393923

152360

72132

80.577.5

103.0

1,934161

9,047830

534

2,062546

700

75,161279, 093

1,939260, 204

100, 48724, 539

1,575466

116,199

1,236

1,217

)484898

216510

84151

84.177.5

117.2

2,789194

8,433849

2,053519

2,319428

566674

89,809346, 530

2,395273,966

91,05523, 322

1,749458

105, 266

1,673

1,282

C)417905

224411

111163

87.8

102.0

3,228213

205, 5677,216

901

2,410574

2,504549

652718

92, 347217, 846

2,025

80, 66019,014

1,735441

120,076

1,090

1,306

5438980

157357

133139

78.276.0

121.2

1,33297

7,741805

2, 053538

2,128406

716773

90, 302283,614

1,428164, 211

61,49215,197

1,725437

104,817

1,585

1,236

29432

269435

176132

91.694.3

108.8

1,921182

11, 380906

2,398524

2, 595569

783860

67, 963259, 436

1,79994, 734

74, 33322, 268

1,971528

132, 297

1,469

1,512

5620

1,145

218418

239154

'116.4

' 154. 4

3,279291

212, 00110, 5651,019

2, 361474

2,7251,102

676781

71,449240, 535

1,89173,149

93, 85126,857

2,284548

138, 992

1,809

1,450

1571

1,266

288509

219129

123.0136.5

159.8

6,103438

11,1611,296

2, 535555

3,1511,403

88,485321, 761

1,71462,055

106, 53931, 362

2,722660

142,830

PAPER AND PRINTING

WOOD PULPConsumption and shipments**

Total, all grades.. ...short tons..Chemieal:

Sulphate do.Sulphite, total do.

Bleached _ ..do.Unbleached do.

Soda do.Groundwood do.

Imports*Chemical§ do.Groundwood§__ do.

Production:Total, all grades do.

Chemical:Sulphate do.Sulphite, total do.

Bleaehed do.Unbleached ._ do.

Soda do.Groundwood do.

Stocks, end of month:Total, all grades do..

Chemical:Sulphate do.Sulphite, total do.

Bleached do.Unbleached ._ do.

Soda do.Groundwood do

Price, sulphite, unbleached dol. per 100 lb_.PAPER

Total paper-Paper incl. newsprint and paperboard:

Production ._ short tons..Paper, excl. newsprint and paperboard:

Orders, new short tons..Production doShipments do

656, 047

266, 207207, 787131,00376,81042,928139,. 125

249, 88622,163

648,401

265,018207, 367131, 58175. 76042,841133, 175

123, 766

21, 80978,88447, 98230. 8503,79019, 2832.28

522, 863

214, 796151, 63590, 48661,14932, 575123, 857

166,09117,491

533, 423

217, 896157, 72493, 78263,94232,632125,171

200,002

35, 728114.25376, 54937, 7044,905

45,1162.00

957,377

514, 201534,542532,175

539,061

211,884174, 546115, 44259,10431, 996120, 635

171. 52017, 366

522, 220

212, 884152, 49895, 84556, 65331,917124, 921

183,161

36,72892,20556, 95235, 2534,82649, 4022.00

849, 764

437,128444, 728441,194

499,076

196, 419145, 04089, 51155, 52932, 643124, 974

150,51020,076

533, 442

207, 259158,913100. 33758. 57632, 255135,015

217, 526

47, 568106.07867, 77838,3004,43759, 4432.00

843,063

436,048442, 405446, 265

484, 507

199, 931136. 66785,12051, 54731, 526

103, 5047,312

484, 605

200, 502132, 66279, 69852. 96431,075120, 366

217, 624

48,139102,07362, 35639, 7173,986

63, 4262.00

873,441

468, 2744fi3, 770460,019

546,949

228, 680156,10797,15658. 95134, 705127, 457

117, 80017, 326

543, 411

228, 632149,01992,72956, 29034, 561131,199

214,0S5

48, 09194. 98557.92937, 0563,84267,1681.95

1,036,734

542,497535, 229542. 734

527, 307

221,196148, 80193, 49855, 30332, 946124,364

78, 5349, 867

521, 590

212, 559142, 40188, 25054, 15132, 768133, 862

208,369

39,45488, 58552, 68135,9043.66476, 6661.95

912, 676

436,980462. 299447, 500

524, 391

204, 220152,10894, 39857, 71033, 713134, 350

140,13118, 562

535,149

201,123161,601103, 46458,13734, 748137, 677

219,127

36, 35798, 07861,74736, 3314,69979,9931.95

959,841

477,034498,197479,108

502,887

202, 204146,99391,16455, 82930, 031123, 659

152, 71917, 403

507,857

201, 304153,52697, 30856,21831,164121, 803

224, 097

35, 517104,61167,89136, 7205,83278,1371.95

898,307

454,900441,236449,987

495, 390

208,187143, 48791,42852, 05928, 303115,413

137,43119,694

472,095

206, 479132,40082, 52749, 93326, 846106, 310

200,803

33, 80993, 58458, 99034, 5944,37669, 0341.95

861,310

429,745419,773437,246

553, 653

235, 709154. 17496, 89457, 28032, 961130, 809

130. 92019, 649

535, 230

233. 197158, 34197, 28361, 05833, 013110, 679

182, 379

31, 29797, 75159. 37938, 3724,427

48, 9041.95

1,046,459

535, 601523. 233519,276

594, 710

240, 011187,725119,79967, 92636, 216130, 758

136, 84323, 574

554, 607

233, 789171,094109, 20061, 89436.234113,490

142,276

25, 07581,12048, 78032, 3404,445

31, 6362.13

1,026,542

• 737,095• 503,846• 532,220

659, 794

270,749207, 517131,64175,87642, 705138,823

194,61521, 527

648,929

268, 672205, 701130, 26575,43642,136132,420

131,411

22,99879,30447,40431, 9003,876

25, 2332.28

1,150,490

574,361565,433580,163

' Revised. • Less than $500. • Pulp used in the producing mills and shipments to the market.•New series. Data on battery sales beginning 1934 appear in table 35, p. 17 of the August 1939 issue. Sales of washing machines and ironers beginning 1929 appear in

table 43, p. 17 of the October 1939 issue. For data on electrical products beginning 1934, see table 32, p. 18, of the June 1939 Survey; data are furnished by both member andnonmeraber companies rather than member companies alone as therein stated.

% Revised series. Data revised for 1937; see table 20, p. 15 of the April 1939 Survey.t Revised series. Data on vulcanized fibre shipments revised beginning 1934; data not shown on p. 51 of the January 1939 Survey will appear in a subsequent issue.


52 SUKVEY OF CURRENT BUSINESS JANUARY 1940


1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

PAPER AND PRINTING—Continued

PAPER—Continued

Book paper:!Coated paper:

Orders, new_.__ short tons..Orders, unfilled, end of month doProduction do

Percent of potential capacity ._...Shipments short tons..Stocks, end of month do

Uncoated paper:Orders, new doOrders, unfilled, end of month doPrice, wholesale. " B " grade, English fin-

ish, white, f. o. b. mills.dol. per 100 lb..Production short tons..

Percent of potential capacityShipments short tons_.Stocks, end of month do

Fine paper;Orders, new doOrders, unfilled, end of month ..doProduction doShipments do..-.Stocks, end of month do

Wrapping paper:Orders, new doOrders, unfilled, end of month doProduction doShipments doStocks, end of month do__.

Newsprint:Canada:

Exports doProduction do.._.Shipments from mills __doStocks, at mills, end of month do

United States:Consumption by publishers doImports^ do. . .Price, wholesale, rolls, contract, destina-

tion (N. Y. basis)__..dol. per short ton.Produci ion short tons.Shipments from mills do_._Stocks, end of month:

At mills do. . .At publishers! do_.._In transit to publishers! do. . .

Paperboard:Consumption, waste paper do-__Orders, new do. . .Orders, unfilled, end of month. do. . .Production do-_.

Pereent of capacityStocks of waste paper, end of month:

At mills short tons_

5.70

PAPER PRODUCTS

Coated abrasive paper and cloth:Shipments reams_

Paperboard shipping boxes:Shipments, total mil. of sq. ft.

Corrugated do. . .Solid fiber do. . .

PRINTING

Book publications, total no. of editions.New books do.._New editions do

Continuous form stationery thous. of sets.Operations (productive activity) 1923—100.Sales books, new orders thous. of books.

288, 726287,869193, 466

181,259261,667

50.0078,88681,410

13,399295, 58950,656

339,335414,224204, 800482,808

81.8

215,850

87, 504

2,9972,820

177

88578699

144,291

"19,387

16,6123,41017,05762.4

16, 73014,018

87,92333, 730

5.4592,187

73.889.321109,975

43, 22516,17445,14946,52671,948

189,53069.322191,105189,695124, 683

245, 813245, 295264, 421177,157

176,322229, 284

50.0078, 39076, 278

20, 702291,47744,628

243,924327,168"', 586

15, 7692,71417,096

62.617, 56312, 776

86, 84034,958

5.4585, 779

68.786,076109, 604

32, 75012, 69237,81335,15874,378

142,22068,956151,076149,033126, 365

211,452209, 753225, 472161, 438

177,134209, 782

16,9613,07116, 845

63.317,31912,070

94,16040,314

5.4589,642

72.591, 667107, 518

34,51111,86436,00135, 80365, 480

148,56264,300151, 374149,088126, 551

17,911 |3,552 I17,796 !71.6

17, 64212, 472

88, 21836,931

5.4590, 589

81.189, 377107,602

35,06411,18736, fi8036,02265, 384

163, 62271, 599161, 510159,334129, 835

193,624 j 152,437208,382 200,631201,852 178,236167,968 i 190,363

160,9161S3,050

50.00 50. 0075,855 | 77,26477,974 72,967

18,583284,66130,677

221, 768334,71194,411

344,445 329,18166.3

274,951

72, 029

2,5472,385

163

900790110

119, 90384

16, 256

60.1

290, 648

62,309

2,2392,081

158

1,118961157

125,81189

14, 788

22,880 {267,15536,872 |

233,311342, 408109,099323, 394

61.2

282,095

81, 867

2,2222,075

146

60257

111,21187

15, 998

153, 346144, 308

50. 0070, 86871,926

21,822 j251,041 |13,449

247,710338,030112,801338,803

67.8

262,344 '

77,477

2,3042,145

159

691185

107, 55792

16, 286

19,5534,060

20,02871.7

19,91912, 581

102,81038,053

5.45102,788

79.9104,196106, 435

48,12414,22745,04646,51163,976

186. 43362, 718

194, 280195, 555126,936

217,651220, 648205,099205, 912

174,096189, 360

16,3053,238

17, 75468.6

17,90212,433

92,71239,252

5.4590,289

77.788,980

106,381

33,29412,28038,07536,93566,573

145,74058,629

159,353152, 265132,148

162, 352220,843214. 255212, 500

179,542209, 597

17,1262, 861

18, 57966.5

17, 40913,762

83, 69228,179

5.4596, 088

77.489, 393

• 58, 282

37,2949,523

43,04341,16661. 504

186, 71064, 050

184, 727180, 344136, 617

244, 400250. 015274, 635187, 880

178, 543250, 668

50.0079,92981,616

20,135223, 46932,580

292, 474429,545124, 420421, 576

73.4

248, 595

85, 778

2,8272,640187

945803142

128, 50886

16, 889

50.0077, 39377,463

20,065206, 72737, 253

262,918347, 57597, 340372,984

69.1

255,354

85, 267

50.0085, 87284, 443

21, 494229,14239, 251

264, 348372,89393, 643375, 772

64.2

259, 423

80, 246

2,395 ! 2,6272, 218 2,430

177 197

1,2221,043179

108, 59787

16, 041

708127

116,93584

16, 498

17, 2763.09015, 63464.9

15, 77115,139

89, 68132, 755

5.4587,95373.9

84, 862»60,981

31, 5388,796

33, 49132,21662, 669

146,40464,100140,193147,601128,990

244, 655240,545232, 261196,164

170,980216,580

50.0080,56284, 628

17,428230,44347, 737

259,996383, 37195,058376, 509

66,6

255, 677

15, 7443,64714, 30655.9

15,09714, 211

79, 21030,324

5.4579, 34568.8

82, 516a 57, 770

30,96710,82729,34229,69160,539

140, 74659, 354135,976142,166115, 283

200,174227, 630221, 743202,051

172, 861201, 991

50.0074,93275, 354

17, 006252,66443, 459

255, 830382. 682108, 427366, 605

63.9

257, 889

80,115 ! 76,903

2,6242,388236

537 j99 '

128, 58381

16,466

2,4442,242

202

798669129

112,19476

16, 549

15, 5593, 695

17, 73769.9

16, 28714, 971

107,02841, 701

5.4598,180

78.79fi, 337

»59,839

40, 83110, 47043,12242, 44861,132

195, 37567, 038

187, 921191, 030112, 542

j

33,88712,86219,401

75.020,32813,807

149,85777, 330

5.45101,148

85.8108,744« 50, 209

74,05341,10340,94142, 30359,739

265, 252151, 552169,259178,678111, 603

235, 487236, 975224, 367214, 659

159, 647395,644

50.0080, 00079,060

17, 916277, 58939, 862

314,316454,817119, 502443, 226

72.4

246,219

86,401

2,6352,911

276

746617127

126, 55278

17,414

23,87212,81324, 34391.4

24,29113,848

125,51185,832

5.65118,967

97.9119,489°49,399

44,73140,80244,41046, 35557, 752

191,250154,647185, 944191,002106,970

228,163 I 270,493253,230 280,985267,005 | 289,260200,884 I 192,609

177,078 ! 195,510250,005 | 282,581

|50.00 i77,309 I78,559 j

16,696 | 15,923

50.0078, 59179, 364

283,2947,776

320,073628,272290,467445,387

75.5

214, 352

285,33350,053

365,396467,834285,935506, 466

85.6

218,649

94,993 ! 102,186

2,815 j3,059

244

1,2049C6238

3,4143,171

243

882772110

137,299 I 162,23078 | 77

18,947 I 20,284

RUBBER AND PRODUCTS

CRUDE AND SCRAP RUBBERCrude:

Consumption, total long tons..For tires and tubes (quarterly) do

Imports, total, including latex§ doPrice, smoked sheets (N. Y.) dol. per lb__Shipments, world long tons..Stocks, world, end of month do

Afloat, total doFor United States .do

London and Liverpool doBritish Malaya doUnited States do

Reclaimed rubber:Consumption . do.Production do.Stocks, end of month do

Scrap rubber:Consumption by reclaimers (quar.) do

54,322

~42,~372".202

114,044

69,139118,535

18,00620,75522, 3G2

49, 050

32,924.163

68, 000512,000

92, 00051,11490, 07387, 531242, 592

13, 52215,12417, 083

48,14392,02137, 294.163

58, 000483, 00080, 00045,10586, 85384, 499231,500

13, 09615,89923, 000

46, 234

"36," 867".158

86, 000498, COO105, 000

48, 21080, 64390, 142

221,8X0

An 365

"30," 826"

77*.480106557587

159000000000814517968

2 1 0 , 0 9 3

13.000 i13,763 I21,960

12, 62613.09321, 390

50,16599, 03945, 496

.16375, 000

461,000102, 00055, 98172, 23581, 274205, 214

15,322 |14,52819. 955

36,248 i — I i 36,496

44,

" 3 1 ,

74",438

99

166

854"159000000000918

68^ 93177 683

192, 638

1314

391527

22,628

44, 377

" 4 5 , " 784".166

70,000430, 000

96, 00054,04666,02074, 308

193,651

13, 51714, 76922, 771

47, 259• 90 95234, 272

.16466.000

408, 00088,00051, 27463, 878

r 75.419180,343

14, 87015,87123,058

34,204

43,880

"37," 222".165

84, 000419.000105,00052, 99057, 23483, 010173, 395

13, 54212, 58821, 339

50,. 481

""38," 408".107

92, 000397,000120, 00066,717 I

r 44,917 !71,195 I

161,233 l

16, 84617, 21420, 645

50,150 1 55,764

37,504.213

94,000 i-397,000'134,00068,310

'39.35976,228

147, 280

45,340.199

113,000414,000173,000100,50038,25971, 662

'131,240

10,953 ; 18,95517,990 1 20,89621,185 ; 21,829

38,321r Revised. 'Es t ima ted .• Change in inventory due to physical check-up. Figures prior to May 1939 not comparable with later data.fRevised series. For'book paper, see note marked with a " t " on p. 51 of the July 1939 Survey. Stocks of newsprint at publishers, and in transit to publishers, revised

for 1937 and 1938; revisions not shown on p. 52 of the April 1939 Survey will appear in a subsequent issue.§Data revised for 1937; see table 20, p. 15 of the April 1939 Survey.




1939

Novem-ber

1938 1939

Novem-ber

Decem-ber

Janu-ary


tember

RUBBER AND PRODUCTS—Continued

Octo-ber

TIRES AND TUBES

Pneumatic casings:fProduction thousandsShipments, total do...

Original equipment* do...Replacement equipment* do...Exports* do...

Stocks, end of month do...Inner tubesrf

Production .__._ do...Shipments, total do...

Exports* do._.Stocks, end of month do...

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics (quarterly) tbous. of lb

RUBBER AND CANVAS FOOTWEAR

Production, total thous. of pairsShipments, total do..Stocks, total, end of month do..

4,8674,2441,8232,273148

9,244

4,5133,940127

8,214

6,0495,47315,195

1

4,1394,4051,7772,544

847,924

4,0294,138

557,665

5, 5136, 13915, 695

i

4 ;7294,1541,7072,348

998,451

4.3513,859

558.166

58, 376

4,5814,1631,6852,397

818, 932

4,0983,936

71

5,523 ! 4.8075. 035 | 4, 77816. 183 16,157

4,3443.7391,4722,156

1119,573

3,6813,335

658, 415

4,9534,62916, 582

5,1374,5831,7472,723

11310,109

4,4704,015

748,901

59, 801

5,8975, 21417,281

4,2114,3561,5292,719108

3,8413,927

828,837

5,2164,41418, 083

4,4184,7531,4153,239100

9,919

3,8484,154

678,840

5,0334,01719,055

4,8705,7501,3704,267113

4,3205,123

668,044

• 62,419

4,8664,19219, 729

4,5105,056809

4,16285

8,300

4,0434,285

627,819

3,2804,89418,115

5,4924,919611

4,205103

8,891

4,9184,432

658,238

5,0906,21316, 956

5,0075,6211,249

'4,227146

8,364

4, 5125,025

987,846

4,7136,45215, 218

5,4315,1881,8053,237146

8,657

5,0735,012108

7,717

5,3325,91614, 619

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Price, wholesale, composite dol. per bbl__Production thous. of bbl__

Percent of capacity _Shipments thous. of bbl_.Stocks, finished, end of month doStocks, clinker, end of month do

CLAT PRODUCTS

Bathroom accessories:Production thous. of pieces..Shipments doStocks, end of month do

Common brick:Price, wholesale, composite, f. o. b. plant

dol. per thous..Shipments thous. of brick..Stocks, end of month do

Face brick:Shipments doStocks, end of month. do

Floor and wall tile shipments:*Quantity thous. of sq. ft__Value thous. of dol__

Vitrified paving brick:Shipments thous. of brick...Stocks, end of month do

Hollow building tile:Shipments short tons..Stocks, end of month do

GLASS PRODUCTSGlass containers: f

Production thous. oiPercent of capacity

Shipments thous. of gross..Stocks, end of month do

Illuminating glassware:Shipments, total thous. of dol._

Residential doCommercial . . . .doMiscellaneous do

Plate glass, polished, production, thous. of sq. ft.Window glass:

Production thous. of boxes..Percent of capacity

GYPSUM AND PRODUCTS

Crude:Imports short tons..Production ..do

Calcined production doGypsum products sold or used:

Uncalcined doCalcined:

Lath _ thous. of sq. ft..Wallboard do. . . .Keene's cement.. short tons..All building plasters doFor manufacturing uses doTile thous. of sq. ft..

0)11, 053

52.110,14620, 7764,880

1,022958375

12,083

4,30069.1

8,374

()15,812

1,14370.5

1.66710,184

48.28,573

22.1794,963

1,1891,070

195

12. 039151, 568482.032

45, 701272, 200

3,9961,129

7,20651, 323

54, 762335, 707

r 3, 71264.6

' 3,481' 7,743

532288133111

12, 883

54.4

1.6678,066

36.96,290

23. 9475,282

953891219

12.046133,184478, 260

37, 307283,017

3,261956

7, 19148,127

46, 815347. 147

'3 ,51958.8

' 3 ,046' 8,130

443227125

9112, 691

1,00361.7

247, 673683, 127534, 415

192, 931

214, 15189, 678

4,333, 730

36, 5174.885

1.6675,301

24.35,640

23.6115.563

831795255

12.023101,056476, 359

34, 499292, 565

3, 549

4,27648, 763

50, 024342, 408

' 3 , 58555.8

' 3,4648,179

443217130

9712, 209

94358.1

1.6875, 50527.95,04424,0925,988

728673321

12.02495, 920

455, 859

28, 785300, 546

3, 562959

2,00748, 585

43, 643348, 792

' 3.38655.7

' 3,3208,192

35718510765

10,165

80949.8

0)8,17137.48,46723, 7866,447

720350

12.032166, 380397, 838

57, 624290, 906

4, 9691,285

3,99447, 336

72, 546340, 348

r 4,12561.4

' 3, 931' 8,316

39620111679

11, 867

91256.1

40, 423541,183533, 440

139, 248

207,41895,9815,506

331, 70226,2335,228

0)9,67445.79, 65423, 8376,568

583552374

12.026178, 903374, 572

62, 982277, 291

4, 6391,208

3, 61245, 761

81,994327, 847

4,07165.43,9788,336

()(0()()7,268

74045.6

0)11,18550.9

12, 74822, 2515,728

762792377

12.077209. 716351,155

79,349256, 825

4,7371,282

6,64743, 002

105,173307, 810

4, 51669.74,4858,293

()

8, 036

72944.8

0)11,95356.5

12, 71521, 4775,797

814819382

12.118199, 945361, 264

69,489252, 395

5,1691,423

6,84444,079

96, 28S306, 435

4,66272.04,6188,209

72044.3

291, 810845, 524773, 634

244,163

297, 267113,7217,781

486,49425, 5158,581

0)12, 64457.9

11, 75522, 3615,928

1,027908388

12.059177,165393, 393

62, 658248, 673

5,0281,359

6, 38644, 214

95.180305, 242

' 4r 59373.6

' 4,158' 8,572

()6,212

69042.6

(012, 36956.6

13, 40121, 3275,727

1,1681,213376

12.038189, 287416, 302

66,906245, 967

6,3311,663

9,03844,169

107, 771319, 464

4,80271.4

' 4, 7668, 548

()10, 450

86753.4

0)11, 93756.3

13,10420,1605, 254

1,1481,160397

12,038167, 348451, 390

' 62, 527241,785

' 5, 5871,500

8,14943, 719

' 90,184316,376

4,25068.3

4,9797,739

()13,663

91456.2

445, 756995, 760840, 245

.I 286,391

342, 060

0)112, 539

57.2' 12, 82919,869

' 4,854

1,2821,215

369

12,043183,164466,051

64,274236, 770

5, 6651,506

42,156

89, 700324,886

4,89175.5

4,4718,061

()18, 369

1,12169.1

102,4007,949

533, 79028, 2199,026

' Revised. « Estimated.1 Discontinued by compilers; data on an index basis appear on p. 20. « Discontinued by reporting source.•New series. For data on floor and wall tile beginning 1935, see table 31, p. 18 of the June 1939 Survey. For the new series on pneumatic casings and inner tubes see

tables 27 and 28, pp 16-18 of the May 1939 Survey.tRevised series. Data for pneumatic casings and inner tubes revised for 1936, 1937. and 1938: see table!? 27 and 28, pp. 16-18 of the May 1939 Survey. Data for glass

containers revised beginning 1936: the revisions, which for the most part are small, will appear in the 1940 Supplement.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


berOcto-ber

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairs..) 12,987Shipments __ do j 12 451Stocks, end of month do 24,721

COTTON

Consumption _ bales.Exports (excluding linters)§ thous. of bales.Imports (excluding linters)§ do.__Prices received by farmers .dol. per lb__Price, wholesale, middling (New York), .do.._Production:

Ginnings (running bales)* thous. of bales.Crop estimate, equivalent 500-lb. bales..do

Movement Into sight .doStocks, world, end of month* do

American cotton. doIn the United States.._ do . . .

On farms and in transit doWarehouses do. . .Mills do . . .

In foreign countries - do . . .Foreign cotton. do . . .

COTTON MANUFACTURES

Cotton cloth:Exports! thous. of sq. yd . .Imports! _ -doPrices, wholesale:

Mill margins* _ cents p e r l b . .Print cloth, fi4 x 60. _ dol. per yd . .Sheeting, unbleached, 4 x 4.. do

Finished cotton cloth:%Production:

Bleached, plain thous. of yd_.Dyed colors doDyed, black . .doPrinted .do

Spindle activity:Active spindles thousands..Active spindle hrs., to ta l . . mil. of hrs , .

Average per spindle in place hours..Operationst pet. of capacity..

Cotton yarn:Price, wholesale, 22/1, cones (factory)

dol. per lb_.Price, wholesale, 40/s, southern, spinning

dol. per lb._

RAYON AND SILKRayon:

Deliveries, yarn, unadjusted!—-1923-25=100-.Imports! .thous. of lb_.Price, wholesale, 150 denier, first quality

(N. Y ) dol. per lb_.Stocks, yarn, end of mo.* mil. of lb_.

Silk:Deliveries (consumption) bales..Imports, raw thous. of 1b...Price, wholesale, raw, Japanese, 13-15 (N. Y.)

dol. per lb._Stocks, end of month:

Total visible supply . .bales. .United States (warehouses) . .do

718, 721584

11.088

11,112> 11, 792

2,288

8

0)0)

35, 56411,859

14.93.053.068

WOOL

22, 7748,803

353101.3

.279

9155,677

.537.5

32, 2415,423

3. S94

92, 52741,927

22,909

26,4269,238

11, 73111,97319,843

596,416480

14.085.091

11,231

1.73940, 72921, 54519,218' 1,98515, 5541,679

' 2, 32719,184

26,3294,912

10.78.045.054

134,661100, 200

6,617109,136

22.4477,564

29083.4

.240

.341

5952,031

.5140.0

41, 5996,437

1.801

150,71846, 218

16,302

23, 5127,716

10,86310, 64120,217

565,627368

11.082.087

11,41211, 944

862• 38, 331• 20, 605• 18, 286' 1,319

• 15, 302' 1, 665'2 ,319

' 17,726

28,6346,188

10.69.043.051

141,266102, 504

6,369118,926

22,4337,185

27682.3

.225

.338

6911,781

.6139.5

35, 2046,542

149, 77853, 278

18,162

29,6889,501

11, 23510,21121, 301

598,132290

12.083

11, 553

437' 35, 898' 19, 626' 17, 399'1 ,085

' 14, 721' 1, 593' 2, 227

' 16, 272

20. 7688,534

10.46.043.050

127,16591,1154,780

107,960

22, 4977,642

29585.7

.220

.335

7452,877

.6139.4

40,8165,039

1.9Q0

124,35448, 554

21,938

25,9419,784

17,274

22,4498,776

1,58075

213

60, 04177,747

124

.72

.30

18,826

10, 5678,159

1,33862

198

55, 70467,613

95

.28

1.683

1.015

1.13

20,542

20,2445,852

1,57369

175

63,24879,174

117

.30

1.683

1.Oil

1.13

14, 771

23,7726,291

1,79173

178

72,48982,819

136

.71

.32

1.683

1.015

1.13

14,054

27,4897,984

16,709

24, 7079,604

26,625 I 19,832Imports (unmanufactured)! thous. of lb._Consumption (scoured basis):1

Apparel class. do . . _ . 26,426 23,512 29,688 25,941 22,449 21,110 10,567 20,244 23,772 27,489 24,707 25,006 jCarpet class do 9,238 7,716 9,501 9,784 8,776 9,856 8,159 6,852 6,291 7,984 9,604 8,847

Operations, machinery activity (weekly aver-age) .*[

Loom?:Woolen and worsted:

Broad thous. of active hours . . 2.043 1,530 1,777 1,924 1,942Narrow d o . . . . 101 86 82 79 78

Carpet and rug d o . . . . 213 172 178 186 209Spinning spindles:

Woolen do 80,173 71,285 72,928 73,480 73,130Worsted. d o . . . . 103,333 86,385 97,458 87,770 82,226

Worsted combs _dO-.._ 157 147 150 129 137Prices, wholesale:

Raw, territory, fine, scoured. dol. p e r l b . . 1.06 .74 .73 .73 .73Raw, Ohio and Penn. fleeces do .47 .32 .31 .31 .32Suiting, unfinished worsted, 13 oz. (at fac-

tory) _. dol. per y d . 2.178 1.624 1.634 1.634 1.646 l.CWomen's dress goods, French serge, 54" (at

mill) dol per y d . . 1.163 1.040 1.015 1.015 1.015 1.015Worsted yarn, 32's, crossbred stock (Boston)

dol. p e r l b . J 1.46 1.12 1.11 1.10 1.13 1.13* Revised. ° Total crop. b As of December 1.* Data unavailable due to war situation.t Revised series. Cotton spindle activity revised beginning August 1933; see table 18, p . IS, of the March 1939 issue. Da ta on rayon deliveries revised beginning

January 1936; revisions not given on p . 94 of the February 1939 Survey will appear in a subsequent issue. Data on cotton cloth exports revised beginning 1913; see table48, p . 16, of the November 1939 issue.

t See note marked with a " t " on p . 54 of the July 1939 Survey.*New series. The data on cotton stocks shown here are compiled by the New York Cotton Exchange and replace the data compiled by the Commercial and Financial

Chronicle. Data beginning 1920 appear in table 34, pp. 15 and 16 of the August 1939 Survey. Data on total stocks of foreign cottons and total world stocks of all cottons begin-ning August 1934 and all other series beginning August 1938 have been revised. Revisions not shown above will appear in a subsequent issue. For cotton cloth mill marginsdata beginning 1925 are shown in table 51, p. 18 of the November 1939 issue. Data on rayon yarn stocks, poundage basis, have been substituted for the series formerly shown,which was on basis of number of months ' supply. Figures beginning January 1930 not shown on p. 94 of the February 1939 Survey will appear in a subsequent issue.

§ Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the AprU 1939 Survey.•JData for December 1938, January, April, July, and October 1939 are for 5 weeks; other months, 4 weeks.

11,37410,53522, 201

562,580264

8.082.090

41833, 56718,71316, 570

••94914,1011,520

' 2,14314, 854

27, 6189,210

10.05.042.050

126,64193. 483

5,130106,396

22, 5337,164

27787.8

.224

.335

7353,395

.5139.5

33, 2193,040

2.114

98,07838,178

13,19813,14222,317

649,94033010

.083

.090

• 11,623

42831,00517, 67015, 626

'803• 13, 446' 1,377' 2, 04413, 335

33,13510,108

10.11.043.050

144,021109, 652

6,633127,815

22, 5038,243

31986.7

.225

.335

6703,955

.5141.1

11,02410, 57722,823

543,18717813

.082

.088

276' 28, 656r 16, 766>• 14,921

'718' 12, 948' 1, 255' 1,845

T 11,890

29, 7266,566

10.01.042.049

127,85897,2704,962

109,250

22,1236,895

26984.7

.225

.335

6643,457

.5143.4

37,863 I 27,802' 3,9433,555

2.218

86, 81623,116

25,441

21,1109,856

2.393

77. 23820,738

11, 79610,89123,789

606,090143

14.085.096

' 26,155' 15, 772' 14,171

'646' 12, 393

1,132' 1, 601

' 10,383

23,9805,581

9.33.042.049

131, 71598, 292

5, 782108, 736

21, 9707,573

29781.9

.228

.335

3,322

.5141.5

26,1503,592

61,60124,201

11,21810, 29424,773

578,43611412

.087

32823, 72314,826

• 13, 487'595

11, 920'972

' 1, 339' 8,897

26,9827,151

9.84.045.052

127,10489,020

5,84390,265

21, 7717,399

29082.5

.235

.335

8674,159

.5132.6

26, 2564,050

2.534

60, 70919, 209

9,8199,483

25,109

521,353107

16.088.097

137

565• 21, 462• 14,030• 12,956

'550' 11, 591

'815' 1,074' 7, 432

28,6746,750

10.52.047.053

127, 63490, 2676,543

87, 281

21,9396, 621

26281.9

.238

.346

9253,503

.5124.9

26,1342,614

73, 34825, 748

1,75969

155

73, 73971,306

132

.72

.32

1.683

1.015

1.13

12,44812,92424,634

628,448219

13.087.094

1,402

8700)0)

23,53411,15411, 774

6060)0)

23,8786,776

11.41.047.053

137, 722102, 281

7, 30599, 242

12,33412 82024,147

624,902649

10.091.093

6,687

2, 761

(00)

22,3837,409

14,151823

0)(0

30,02311,189

14. 56.054.063

153, 025IOC. 678

8.056113, 380

22,012 22, 2327, 908 7, 695

313 i 30685. 1 92. 5

.240

.349

7923,423

.5218.9

33,0954,495

2.641

81,06025,060

.266 ;

.389

9243,108

.5313.0

36,8697, 262

2.993

89,16027,760

13,19413,15624.186

16, 936

,093

10,085

3,093

(00)

20,8303,972

15, 4411,417

0)(')

40, 49411,774

15.83.055.069

173, 256120,460

8, 322124,201

22, 6598,581

34297.9

.277

.404

' 9094,062

.539.4

41,8586, 936

3. 271

89,13535,935

1,

77,

69882

199

20177, 698

1

145

.73

.33

683

1

7481

1

,54981

196

,103,611144

1.02.45

.906

1.015 |

1.15

1.101

33,98411.274

1,78205

221

81, 748105, 604

167

1.09.49

2.178

1.163

1.53> Total ginnings to end of month indicated.




t939Novem

ber

1938

Novem-ber

Decem-ber

1939

Janu-ary


tember October

TEXTILE PRODUCTS—Continued

WOOLr-Continued

Receipts at Boston, total thous. of lb__Domest ic . . doForeign __ do _

Stocks, scoured basis, end of quarter, totalthous. of lb

Woolen wools, total . . doDomestic ... „ . . doForeign do

Worsted wools, total doDomestic ._ doForeign „ do

MISCELLANEOUS PRODUCTS

Buttons, fresh-water pearl.Production pet. of capacityStocks, end of month thous. of gross..

Fur, sales by dealers . __ thous. of dolPyroxylin-coated textiles (artificial leather) :f

Orders, unfilled, end of mo..thous. linear yd. .Pyroxylin spread thous. of lb__Shipments, billed. thous. linear yd. .

~~~5,~66r0)

v 1,940

3,1325,4135,556

24,34121, 2393,103

36.3' 7,163' 1,292

1,9174,2894,168

13,6789,0094,670

115,65546, 68637,0659,621

68,96952,51716,452

••28.9' 6, 795

1,524

2,1454, 6924,551

15, 5395,374

10,164

23.06,4802,479

2,4515,2704,785

11,8206,6605,160

39.26,5072,900

2,2235,0795,119

13, 6085,9397,669

94, 50639,01929,4589,561

55, 48733,45222,035

39.26,6073,552

2,1885,4025,505

17,17310, 2416,932

34.66,6412,293

2,2524,6434,576

31,46125,6415,820

'25 .6' 6,280' 2,695

1,8874,7274, 759

55, 61451, 4014,213

123,09639.60231,3578,245

83.49463,12820,366

'28 .66,232

' 2,686

2,0874,7104,387

55, 35551, 2474,109

26.35,873

r 2,405

2,2434,3513,971

39, 22835, 2873,941

'32 .1' 5, 681' 3,155

2,4155,5815,143

24, 41019, 0465,363

118, 05440 72131, 9238,798

77, 33357,08020, 253

M0.45,697

r 3,155

4,5626,2435,807

11,9910)

46.55,7842, 571

3, 578*6,3716,482

TRANSPORTATION EQUIPMENT

AIRPLANES

Production, totals number.Commercial (licensed) doFor export d o . . .

AUTOMOBILESExports:

Canada:Assembled, total number..

Passenger cars doUnited States:

Assembled, total§_ doPassenger cars§ doTrucksj.. . .do

Financing:Retail purchasers, total thous. of dol..

New cars doUsed cars . . . doUnclassified do

Wholesale (mfrs to dealers) doFire-extinguishing equipment, shipments:

Motor-vehicle apparatus number..Hand-type do

Production:Automobiles:

Canada, total . .doPassenger cars do

United States (factory sales), total doPassenger cars doTrucks __-do

Automobile rims thous. of rims..Registrations:

New passenger cars. number..New commercial cars do

Sales (General Motors Corporation):To consumers in U. S doTo dealers, total*. doTo U. S. dealers do

Accessories and parts, shipments:Combined index. Jan. 1925=100..

Original equipment to vehicle manufac-turers .Jan. 1925=100..

Accessories to wholesalers doService parts to wholesalers . .doService equipment to wholesalers do

RAILWAY EQUIPMENT(Association of American Railroads)

Freight cars, end of mo.:Number owned .thousands..

Undergoing or awaiting classified repairsthousands..

Percent of total on lineOrders, unfilled cars..

Locomotives, end of mo.:Undergoing or awaiting classified repairs

number..Percent of total on line

Orders, unfilled. number..(U. S. Bureau of the Census)

Locomotives:!Orders, unfilled, end of mo., total—number._

Domestic, total doElectric-. .doSteam ._ _. . .do

* Revised.

62

4,8742,386

19,67610, 6788,998

6733,737

18, 4129,882

351, 782285, 25266, 5301,783

231,57141,286

162, 881200, 071180,133

135

154107

: [16791

1,641

1599.8

19,981

6,98517.094

18414011327

20415945

2,7472,406

29,04320,1728,871

86,04751, 26634, 260

521126, 650

44' 28,149

17,99215, 423

372, 413320, 34452, 069* 1, 705

200,85323,943

131,387185,852159,573

136

150126142

1,686

23313.94,335

8,13319.1

17

276174102

5,0243,835

34,97821, 32213,656

92,45264,93337,955

564158, 289

7327,479

18,61414,198

388,346326,00662, 3401,818

226, 97331,474

118,888172, 669150,005

138

157129121

1,682

23114.05,080

7,88118.630

1009284

20813672

8,4995,806

23,95815,1268,832

76, 39040, 69435, 281

415134,150

4430,649

14,79411, 404342, 156281,46560, 6911,714

203,21237,715

88,865136,489116,964

148

16013112991

1,672

22513.76,637

8,08419.125

100

266152114

6,0434,222

27,35116,19311,158

76. 77640,37435,975

427124,021

5829,878

14, 30010, 914303, 217243, 00060, 2171,443

164,94233,279

83,251133,511115,890

139

14014012995

1,668

22513.7

6,788

8,05319.1

63

1231136845

352220132

6,3154,526

30,04817,98412,064

113,84764,35048,915

582153,007

8335,331

17, 54912, 689

371,940299,703

72, 2371,730

248, 03845,083

142,062161,057142, 743

147

153142141105

1,664

21413.0

6,502

8,14919.3

62

1321226260

379270109

2,2741,592

27,08716, 21310,874

114, 69666, 06448, 014

618150,433

6534,790

16,89112, 791

337, 372273,40963,963

1,348

268, 33546,063

132, 612142,002126, 275

136

129132150105

1,662

22113.5

6,391

8,17519.4

61

1481387860

475319156

5,4804,075

25, 22014,43010, 790

133, 70775, 30457, 649

754140,284

7635, 501

15, 70611, 585

297, 508237, 870

59, 6381,244

280, 83445, 381

129,053128,453112, 868

128

120115154108

1,657

23114.2

9,261

8,64020.6

63

16916010060

679530149

6,0274,630

27,08716, 21310, 874

130, 67173,02257,028

621118, 268

9037,606

14, 51510, 585

309, 720246,704

63, 0161,020

243,74140, 482

124.618139,694124,048

125

115113166108

1,654

22313.7

10,062

8.38220.1

60

1511438063

329207122

4,8213,040

19,1838 375

10*808

114, 48164, 00349,932

54596, 621

7535, 527

9,1355,112

209,343150, 738

58, 605681

229, 30844, 747

102,03184, 32771, 803

110

9411315497

1,653

22914.0

8,448

8,05920.3

72

150146'86

60

578440138

6,1544,804

11, 5923,9857,607

109, 73959, 26549, 903

57144, 564

7638,821

3,4751,068

99, 86861,38438,484

971

182, 63343, 523

76,12012,1137,436

117

96104166106

1,650

22513.8

8,754

8,33720.0

63

1221187246

48642462

1,913934

7,8344,4933,341

88,17644, 24843, 512

41761,973

7735,804

3,9213,494

188, 751161, 62527, 1261,585

141,63332,983

56, 78953, 07247, 606

128

13394

173106

1,644

19512.1

23, 028

8,12519.6

68

1361329042

43

1,202586

18,1409,4618,679

102, 74356, 56745, 643

534125, 717

7738,471

9,6407,791

313, 377251, 819

61, 5581,882

212,58637,923

110,471144, 350129,821

146

159106183101

1, 642

16810.4

28,906

7,55818.3

64

'165'140'110

30

_, ,«J,,vt. v Preliminary * Temporarily not available.'New series. Data represent sales to United States and Canadian dealers only; discontinued series included overseas shipments, which are no longer available. Data on

the new basis not shown on p. 55 of the December 1939 Survey will appear in a subsequent issue.f Revised series. Data, on pyroxvlin-coar^d textiles revised beginning January 1938: see note marked with a " t " on p. 55 of the November 19S9 Survey. Data on shipments

and unfilled orders, locomotives," revised beginning January 1939 on the basis of a more definite segregation between railroad locomotives shown above and mining and indus-trial electric locomotives shown on p. 56 Quarterly data beginning 1939 are available from the Bureau of the Census for Diesel-electric, Diesel-mechanical, and gasoline-mechanical or steam locomotives, in addition to the data for industrial electric locomotives shown on p. 56 which are for trolley or third-rail and storage-battery locomotives.

^Excludes military planes for domestic use. §Revised series. Data revised for 1937; see table 19, p. 14 of the April 1939 Survey.




1939

Novem-ber

1938

Novem-ber

Decem-ber

1939

Janu-ary

Febru-ary March April May June July August tester October

TRANSPORTATION EQUIPMENT—Continued

RAILWAY EQUIPMENT—Continued(U. S. Bureau of the Census)

Locomotives—Continued.1Shipments, domestic, total number..

Electric doSteam _ do

Industrial electric (quarterly):Shipments, total do

For mining use do(American Railway Car Institute)

Shipments:Freight cars, total number..

Domestic doPassenger cars, total . do

Domestic do(U. S. Bureau of Foreign and Domestic Commerce)Exports of locomotives, total§ number

Electric§ do..Steam do...INDUSTRIAL ELECTRIC TRUCKS

AND TRACTORSShipments, total number.-

Domestic doExports do

WORLD SHIPBUILDING(Quarterly)

Launched:Number ships..Tonnage thous. gross tons..

Under construction:Number ships..Tonnage thous. gross tons, _

2,6172,617

5454

1409941

1,1361,023

00

21183

102101

' 1,254' 1, 204

00

249705

7042,669

1,1481,148

77

1,9171,917

00

2,1942,174

00

247690

7162,704

'1,313' 1, 313

1212

279279

1515

2,1492,148

10

249549

7192,859

'88018IS

813804

351619

8686

7997402222

110

472819

* 1,160' 1,110

1212

981

1299336

CANADIAN STATISTICS

Physical volume of business:Combined index. 1926«100._

Industrial production:Combined i n d e x . . . _ do

Construction _ doElectric power doManufacturing _doForestry doMining do

Distribution:Combined index . d o . . . .

Carloadings . . -doExports (volume)f doImports (volume) doTrade employment do

Agricultural marketings:Combined index do

Grain doLivestock do

Commodity prices:Cost of living doWholesale prices do

Employment (first of month) :Combined index do

Construction and maintenance doManufacturing doMining doService doTrade doTransportation do

FinanceBanking:

Bank debits mil. of dol_.Commercial failures* number . .Life insurance sales, new paid for ordinaryf

thous. of dol__Security issues and prices:

New bond issues, total doBond yields . 1926=100..Common stock prices do

Foreign trade:Exports, totalf thous. of do l . .

Wheat thous. of bu_.Wheat flour-- thous. of bbl__

Imports thous. of dol__Railways:

Carloading thous. of cars__Financial results:

Opprating revenues thous of dol_.Operating expenses __ doOperating income do

Operating results:Revenue freight carried 1 mile. . .mil. of tons . .Passengers carried 1 mile mil. of pass-_

Production:Electrical energy, central stations

mil. of kw.-hr__Pig iron thous. of long t ons . .Steel ingots and castings doWheat flour thous. of bbl__

123.6117.6122.1171.0135.2140.290.6

95

36,062

60,890

88147

123.4

128.348.4226. 4125.3112.8206.6

109.274.2

'1,11385.7132.5

101.6106.679.1

73.5

114.6122.5110.9163.4132.8135.687.9

2,965122

37,167

104, 93061.5110.4

86,83121, 704

47863, 304

219

30, 43122, 6616,502

2,668101

2,3764690

1,606

115.6

118.162.7221.6111.3111.7183.1

108.673.7

'99.675.8137.0

85.788.473.6

83.673.3

114.0112.8110.1163.3131.7139.785.0

2,90571

36, 475

86,14261.8106.8

69,86315,983

36544, 286

178

27, 52122, 6333,597

2,100166

'2,3535379

1. 052

113.0

114.240.3230.0111.1120.7176.8

109.370.7

'122.977.6133.8

52.046.377.9

83.373.2

108.196.4

104.3160.4131.7144.879.9

2,512120

30, 434

139, 51562.1

102.9

70,8107,879

38043, 743

171

23, 79822, 923

<*382

1,871123

2,3875878

1,098

111.7

114.156.2

232.3105. 0111.6190.9

104.966.7

'103.371.7

133.4

32.323.571.7

83.173.2

106.589.4

106. 0160.5129.5131.079.4

2,050121

30, 879

54, 65761.9104.1

58,2435,746291

40, 380

160

22, 65222, 921* 1,490

1,707122

2, 2144177

1.037

113.2

115.247.5

' 233. 2107.6110.4196.7

107.471.8

'98.873.9

135.0

48.140.781.2

83.173.2

106.594.3107.0160.9128.5128.980.3

2,428

33, 578

128, 30461.1103.7

70, 0836,564361

58, 381

191

25, 70024, 333

193

2,054127

2,36741

1,194

116.7

119.151.3226.4109.5120.2219.6

109.669.2

'115.178.0137.2

60.358.568.1

83.173.4

104.991.6107.1157.4131.4131.179.3

2,47394

28, 229

151,08363.096.2

50,9872,832275

41, 908

179

25,19122, 9061,029

1,957129

2,19746100

1,114

121.4

123.348.6235.5113.3112.6232.7

115.981.1

'118.191.2138.0

102.6105.987.5

83.173.7

106.294.2108.4155.8133.2135.181.4

2,839

33, 657

210,42162.499.2

80, 77413, 655

51672,958

215

29,68025,2613,190

2,431134

2,33358121

1,192

121.4

124.459.4238.8112.9120.6228.9

112.971.3

'120.387.7137.5

40.533.870.5

82.973.3

113.1115.3111.4160.5141.8136.686.5

2,83183

35, 766

112,40060.197.0

77, 57014,637

40163, 709

195

26,16024, 296

601

1,819168

'2,24653108

1,188

120.5

123.953.2

' 235.6112.3114.2238.5

'110.676.8

' 122.186.1137.1

76.876.578.3

83.172.6

115.8133.1111.3164.1147.6137.487.6

2,377

32,244

73, 63360.197.3

76, 64113, 781

40358, 580

196

27, 79426,038

529

2,11418G

'2,20660111

1,106

125.2

127.559.8

'241.1116.5126.4233.2

118.382.0

'122.893.2135.9

112.4317.788.7

83.072.4

117. 5146.3112.8165.6149.8135.587.5

2,390

28, 558

113, 45062.994.2

76,47610, 273

37962, 708

229

29, 77427,0541,429

2,394180

'2,29366122

1, 382

125.8 I

128.348.6

' 246.0121.3130.7223.2

118.495.6

'112.8102.0138.0

174.4196.575.7

82.978.2

119.6152.2115.3168.0151.7134.990.0

2,832132

37,117

50, 59076.5

100.1

82, 45715, 641

41773, 564

295

42, 96029, 57112,049

4,800153

r 2,38166

1241,927

133.1

139.743.3

245.6143.7139.3194.2

114.380.0

106.999.3

138.3

96.596.099.6

84.779.3

121.7131.5119.7170.3136.1138.694.8

2,899154

34, 677

268, 08371.0

106.0

91,41916, 849

44479, 053

270

2,59086

1502,090

' Revised. * Deficit.*New series. Data compiled by Dun and Bradstreet, Inc., have been substituted for those compiled by the Dominion Bureau of Statistics; data beginning January 1934

appear in table 54, p. 18 of the November 1939 issue.§ Revised series. F^tn revised for 19*7 see ta^le 19. p. 14 of the April 1939 Purvey.t Data on life insurance sales revised beginning January 1936. Revisions for 1938 appear on p. 56 of the September 1939 Survey. Earlier revisions will be shown in a

subsequent issue. Data on value of exports revised beginning 1926; figures not given on p. 56 of the December 1939 Survey will appear in a subsequent issue. For the indexof volume of exports, revisions are available for 1938-39. Data not given above will appear in a subsequent issue. Indexes for the period 1926-37 will also be shown are avail-able only on the old basis.

JSee footnote marked with a " t " on p. 55. u. s. GOVERNMENT PRINTING OFFICE: 1940Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

INDEX TO MONTHLY BUSINESS

CLASSIFICATION, B Y S E C T I O N SMonthly business statist ics: P*

Business ir !cxe$ _ — — __ . . _ . - >-Comm<K^?tv urircs «« .Const* r "lion atiu rm* esUstt;__ . __

z? «• pi , . i l condi foas and Wt'tis _

1- '-n : r ,»_

C i t i f r ! " * ' a J ' V i J u ?» i \ I«i<*- i t . :

21

30

41 I

V I

Pag«Crops _ ,r - - . . 19 ,20,42 4J, 14, 54Currency »n c i rcula t ion„- .„ . - . . . „ 32Da^ry products . - . . - - - - - - . . lh 10 ,41,42Debits , b»*nk- - . . - _ - _ _ . . . 30Debt, United B l!**» Govi ' . r -aent-Deluwrfi „» fc-nj K yv rut , , nv rollsJ~^?i jnt**iunt-**i"re »lie1*- nu " sloci- -3Ecvisits, bar-'c _ . . . . . . .1 > ^ftiucj. iad»; txh 1 _.L H \ u \ i J i avi -a »i . . . . .

1 our] / . .F

Faint ^ ^ ^ ^Paper|and pulp— .-___ ,:Passenger-car ^d^KSej;^P carried, street r

> t

L

262638492232323836

I], 28203720

n,33{.1,29

30

Abrasive

: \-£l*-l.\iVIC?T, BY INDIVIDUALSERIES

Pajjeand do th (coafed)__ ,_ 52

Acceptances . .„__ —. - . . . _. . 30Accessories--Automobile. -—_ —. — . . _ . 55Advertising . ._ ._ ~_ . _—. - 23Agricultural. Droilui/tp, cash income received

from rnancetings o<* _ —— — _ . . - 2JAgricultural waês, Hani „ — . 29,30Air-conditioning equipment .____„„ , — - 50Air mail...- — . — — . — — - — 23Airplanes ... „ . . . —- 38, 55Alcohol, denatured, ethyl, methanol . - _ — „ 38Aluminum . ....... - —— — ... , 49Animal fats, greases. , — — „ — . .— 39Anthracite m i n i n g . . . . . . , 19,26,28,45Apparel, wearing._ _„ „_ 20, 24, 25, 26, 27, 28, 29, 54Asphalt . — — 46Automobiles-.. - - - - 19, 23, 24, 25, 27, 28, 29, 55Babbitt m e t a l — — — — - . - - — — — - 49Barley „ - — _ — _- 42Bathroom accessories — — _—. . 53Beef and real . . — — — — — — 43Beverages, fermented malt liquors and dis-

tilled spir i ts . - — . — _ — .— 41Bituminous c o a l — — — . 19, 20, 26, 28, 45Boilers.-- . . . - . - . . . — - 48,49Bonds, prices, sales, value, yields.,... 30,35Book publication , -_ . , . , — 52Boxes, paper~__-__----___.. .- — _ — — 52B r a s s . - - - . - - - — — — 50Brick. . — — — — — . . . 53

* ir*->i\i.k , oat. , s j a p ' e , .>e» 2iir'ioi r «*'h at . . . . -F o o d j n o d u w t s . - _ - _ . - >

»MJ:"L

Brokers* loans . -_, __ — _ . 30Bronze . - - . , . 50Building contracts awarded — — — 21, 22Building costs... . . . — - 22Building materials .__ _„,____ 20,47,53Building permits issued- ,_ - -___ - 21, 22Butter. — . . ——.._ ._« . 41Canadian statistics...... - . . . _ -_ 56Canal traffic- — . — — — — — — — 37,38Candy . — — — — — . — _. — - !44Capital flotations- . —— . — 33,34Carloadmgs _ . . . — — — — _ — - - 37Cattle and calves _ — — _ — _ — . — . 43Cellulose plastic products- . — _ — _ . 40Cement. - _ — _ . _ .„ 19, 53Chain-store sales -_____. 24Cheese. . . . . . .. - — _ — 41Cigars and cigar ettes . - _ . - - - - . 44, 45Civil-service employees , — — — ___ - - 26Clay products - - - - - - 25, 27, 28, 23, 53Clothing.- — - 20, 24, 25, 26, 27, 28, 29, 54Coal „_. . — . . 19,20,26,28,45C 4 4CocoaCoffee. . „ . — — —Coke ... . —Collections, derartmeut stores.--..-__-_-_-

l 'Commercial > j cr_ — _ ____. , .Cciiatn - on

Contract* awo^Je i , indexes _._.-- 21, 22C 22CostsHighway*W

2222294939

g 20Co*" on, ri\T and tit * nu fa ctu ren --___. 20, 21, 54Cot tors 'ed, c ike aud meal, on - _. - „ „ 39

Copi»r _Copia vn* 'jcjiiat oil.Cost')"! nmg index

d

30395523

J), 44404743

2 J , ^S 23 29,41Footwrai . . . - . _ - _ . . - . . . . . . . 46,47,53Foreclosures, real e*»fca.e . . . - . — „ 23Foundry e q u i p m e n t . . — „ - — . . - . 50Freight cars (equipment) . .„_ . . . . . 55tre iphl c l o a d i n g s cara, md^xes.—_— . . 37Kreight-c-jr surplus _.__ _. . __ . . _. 37F r u i t s . . . . . —. . - . . . 20,42Fuel equipment - - - - _ . — — . , _ . . . . . 50Fuels... __-_ — - - . . . . . 45,46Furniture ,____.—..„._.. . . „ 48Gas, customers, sales, revenues.,.., —___„. 41Gas and fuel o i l s . — — — — — — — — — _ 45,46Gasoline. .___ — —— — - — _ — . - . . . - - 46Gelatin, edible. ._ — — — — — — — — —._. 44General Motors sales _„__ — — — _- . 55Glass and glassware.—-. . . —- 19, 25, 27, 28, 29, 53Gloves and mittens.. .„- — —. — „ - 46Gold—.__- - -_ -_ — - . — — -- - — - . . - - 321

Goods in warehouses..-.-. _._. . - . - - 23Grains — - — — . . 20,34,42,43Gypsunt. --_ — --_ — - — — - - — -_-_. _ — --„_— 53H i d e s a n d s k i n s . . . — ——. - - - « . . - 2 1 , 46H o g s - - __„ - ,_ -_ -__ , - .. 4 3H o m e loan b a n k s , loans o u t s t a n d i n g . — „ „ _ „ 23H o m e m o r t g a g e i n s u r a n c e - — — — — » . — . 23H o s i e r y — . — — — — — - — . — - ——. 54Hotels--- — — — ——— — — — - 26,28,38Housing—- — — — — — 20,22,23Illinois, employees, factory earnings. . 26, 27, 29Imports...-. __ — _-- .— — — .— 36,37Income-tax receipts — — — — _ — — — _ — - 32Income payments . _ _ - - . - - . . - _ - - - _ . - . ""*Incorporations, business , _ - - _ - _ . . . -Industrial production, i n d e x e s . — — - — —Installment sales, New England. . - . .Insurance, life ._ — __ — — , ^_-- .«Interest and money rates._-_- — — . ..Iron ore, crude, manufactures. . . . . 19,48Kerosene . .-__ .- —— - . - - - - - . - 46Labor turn-over, disputes _ _ _ - . - . - . . 27Lamb and mut ton . . — — — — — — - , _ . . 43Lard — — . . . . —— —— 43Lead—— — — — — — — — — - . — - 19,49,50Leather... . . — 19,21,25,26,27,28,29,46Leather, artificial—.... - — — 55Linseed oil, cake, and meal. _ _ . - - - - - 40Livestock — — — — — . — . - 19, 20, 43Loans, agricultural, brokers', real estate ... 23, 30, 33Locomotives -___ — — — — _« - - - - - - - 55, 56Looms, woolen, activity- _ - -. , - . . _ . . . — _ - 54Lubricants . . - - — — — - - . - - - - 46Lumber...-.-- — — — 20, 25, 27, 28, 47Machine activity, cotton, wool -„-_.._-. 54Machine tools, orders. - — . . . , ._ . . . — 50Machinery. . . . . . ; _ _ — — . _ . - — - 25, '27, 28, 50Magazine adveri;slr;g . _ „ - . . . - . - . . . 23Manufacturing indaxe^. ._ . . - . - _ - - » - - . 19Marketings, ngricultursi-.- ._ . . 20ivTa yland, employment, pay ro'U.. . ..».,.... 26, 27'JVTarTtchusetts, cmploynveaL, pay tolh . _ . . . 26, 27Meats . _ - - - - - - 1'), 20,43Metals . — . - . 19,21,25,27,^39,48,49,50Methaaol . . . . # — . — . - . — 38Mexico, silver production. - . . - _ - . . 32Milk... . . - — — - . - - - 41S42Minerals - . - . _ — — — 10,26,28,45,49Naval stores . . . . — - — . . . . 39Nether'ands, exchange rates» - . . _ _ . - 32

12319243130,

8

F a y l l- Factory,

Factory, ^ ^ tNonnianufacturingîtidtuftrieii. - - - -—-•«. i*.-.' .^•''*2-'

Pennsylvania, employment, pay r o l l s - - - — - 26 ,27Petroleum and p w 4 w f i t * u ^ , » ^ j ^ ^ ' ' ! ' %

41.2i5» 26 , %7> a ^Pig iron-.-----------.--.---.r-_-----«Porcelaiii enameled proiSadi . . , IUii^Pork-, , „ — • • — . - . ^Postal business »^mm~^JPostal sairiFoultryPrices: * • ;*: • S:1 '•'• • . ; * -',"!• "

Retail indexw * J — . * - ^ t - , ^ > n rjfr^World, foodstuffs and n m ' m f o 4 J^ '

PrtotingProfits, cpxMiio-----M-«te--.^.--*...-PubEc reliefs - ^ ^^Jj.^l^rFubHc, u t i l i t i e s C J APullman C o . , -Pumps. „ ^ * - ^ - - , ^ ^ ^Purchasing power of the 4riDpK-«--*—^--Wf.fe^diatofs. < . » i U « W i * >Radio, adwrtlslu

Ranges, electricRayons -*.-*»«.«Reconstruction Finance

outstanding-------^-electric,

Automobiles, new,Chain stores:

Sd iGrocery

Department stores

generalmerchandisR i c e Z Z ^

, crude, scrap, f<Kit«ea^

Spindle activity, cotton.-—^.——.—*. vSteercrude, manufacture.- .|E«U*#ffir'

, C l K f l O f t S T - J - * * - . - - * * '•••*- '^JE

:indem,dti^

Stocks, issues, prices, wuem*.——-,f----.*»£iStone/cSSTi^gi^ ptoOmmi^ 0M4Sugar- , . ,^^m^m^^î^ ' *Sulphur__—.——————*—*..Sulphuric acid---Superphosphate. .TelephonertVleg^ph,""caWer"an4r""'*

gfapliâwiers,.* ^ ^ .Textile products—^m±m^m m».Tile, h o f l o w b u a d i n g — — —

Trade unions, employment———TravdTrucks and t MUMM, —^^^-r^£_^T^ j r ,United States Government bxtous^*.,*, «*,«;.United States Steel - C^p<Wiitioti««4'»;.

Vacuum S f i w i i K . ™ * ^ - - ^ ^ - * ^ ^Variety-store sales index.--. ' '-" '' 'Vegetable o i l s — ^ . » . . w ^ # ^ « f tVegetables.. - w P f

Wages—. -.--*--i*Warehouses, space occupiedWholesale prices."TH*212ZWire cloth—7—\+*m«J*iWisconsin, employment,

wages^^.-^^Â*,^

Zinc^--^-^,-*^-^.^^>^-*? A i f^|4l


'A'0iDEPARTMENT OF COMMERCEHARRY L. HOPKINS, Secretary

FOREIGN AND DOMESTIC COMMERCEJ A M E S W. YOUNG, Director

Divisions and Chiefs

c: 11. H. Bra*el.

''. "f X ' t:tNftttct>Ojjtoe: Robert Sevey.

H: Griffith Evans,

it; John EL Payn*\

a; W. F. Smith.

'",; ' M^NUicr; Amos B. Taylor.

_8i Fletcher U. Kawls,

&cnice Liaison: George

r#' ,1540 U. 8*. Po^t Office and

4<>9 F^dera^ BTOCluwtmic Streer

New FflileraK«v* 1'OPI Otfi'* Building.

Office BuildingBJlarJtime Buildins:.

Buildfog. Church

Foreign Tariffs: Henry Chalmers.

Foreign Trade Statistics: BernardBarton.

Fvres-t Products; PMUipg A. Hay-ward

Leather and Rubber; Everett G.Holt.

Machinery: L. M.

Marketing Research: Nelson Millc?r.

Metals and Mineral*: Walter A.Jansseu.

Motion Picture: Nathan D. Golden,National Income: Bober f R.

Nathan.Regional Information: Louis Doin-

eratzky.Specialties: Horace B. McCoy.Textiles: Edward T. Picfeard.Tobacco: B, D. Hill,Transportation: Thos. E. Lyons,

Cooperative Offices

i r*nd'*r <ll-e<t sapenrision of Wa.-hington

t'luanii.-Ul, Olilo FinPâ IT' ri»»r. Chamber of Commerce Failding.H-iyoy O1« .. Kii/'.Vfh Pott us., r>"*8 Cn?tf»mbo«se.

Indiai «if)«lis. *nd., F r w ' s W»»Ls, »"himb«»r of Commw* Bu'ldinp.Mil vdu^{\% Wis H. W. Gflirke. Mil\auktHi \ «ocâticiD of i'ca'r c i cMohiic Ala., Ais' i<* HUT* ard, U, S. Courthr u«*e ard Customhouse B' sn'inKoilit^t-fr, X, Y , Andrew V Moody. Chanih r of COD ir er<v>a\ai>i ah, Ciw., Jcseph C SmviJl 403 I . S. Fi * t Oftc< ai'i ('ourino

li-.iildiu-,Wilmit'jton, D ! . Ma^-aivt V D-nnelly. Mi) Ntw F« d^ral B1'.Idlnjr.Jointly s'lpoixêa by «tis»trici offico and local eoirm^rciai

Addr^*-: FoifiL.t Trade Secr^tfry, Chamber of Commerce, with fol-lowni" tt« iptions : <1) rnited Chambers of Commerfe. \2\ Associa-tion of Oomiperre. («'I Manufacturers Association, (4> Maine StateChamber of Commerce, (5) Department of Conservation and rtevelop-meut, (6s Dei>aitmint of Agriculture and Commerce.

Aknn, OMoAnni.-»tc»n, Ala. U )Paltimoie, Md. i^»Beaumont, fJ exBiiifrhanu on, N. Y,Bridii<ipnrt. Conn. (T.»Charlotte, N. C.Chattanooga, THIII {"C< junibus, '?a.Columbus, Ohio

F < r t U'o'-tl) , ' l e x

Tfai*tf 'Hi. C< i

Keokuk IowaI ake Charles, La, (2)Laredo, Tex.Longview, WashLowell, Mass.Miami, Fla.Xew Ha\enf Conn.Vewark, N. J.Oakland Calif.Oklahoma City, Okla.Omaha, ISrbr.Ptnsacola, Fla.I'ortlantl. Maine (t >Providence. R. I.RaluUi N. C. (."»)Kidiihon.fi, Va.

S\n Anconi'\ T*x.San Diego, Calif.San Juar, 1'. R 16;Bpokane Wa«i)Springfield Mx««s.Syracuse, \ YTacoma, Wa<&Tampa, Fhi.Tol'do, OhU

hWichita.

(O*L.
