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JULY 1939
SURVEYOF
CURRENT BUSINESS
UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTONVOLUME 19 NUMBER 7
DOMESTIC COMMERCEPublished on the 10th, 20th, and 30th of each month by the Division of Business Review, Bureau of Foreign and
Domestic Commerce, United States Department of Commerce
Provides a running record of new research and other current information in the field of business gathered from
numerous Governmental and non-Governmental organizations.
DOMESTIC COMMERCE affords a steady flow of summarized data essential to business and research
organizations. It is a handy source of new ideas, of new facts; it prints the gist of statements on matters of wide
interest by leaders in Government and in Industry; reviews new business books and significant business maga-
zine articles; and summarizes the results of new studies and of current statistical surveys.
The type of material regularly supplied through this service is indicated by the following titles selected from
the Tables of Contents of recent issues:
1938 Retail Sales 12 Percent Below 1937.Wholesale Druggists, Sales Down Almost 6 Percent
During 1938.Summary of Findings From W. P. A. Report on Housing.Hearings of Temporary National Economic Committee.Wisconsin Individual Income Tax Statistics 1936.1939—Television Year.How State Laws Obstruct the Free Flow of Commerce.Six Profit-Sharing Plans.69.0 Percent of United States Rural Families Own
Radios.Incomes From Independent Professional Practice.Memorandum on "Big Business" by Committee on Cor-
porations of Twentieth Century Fund.January Income Payments to Individuals 50 Million
Dollars Over January 1938.
The Selection of a Business Site.How Big Is Big Business?
Are Chains Driving Independents Out of Business?Review of Fair Trade Acts.Handicaps in Consumer Buying.Harvard Study Shows Costs of Cooperative Food Stores
Same as Those of Private Business.Packaging Is Merchandising.Securities and Exchange Commission Begins Study of
Needs of Small Business.Commerce Department Issues First Official estimates of
Income by States.Food Institute Publishes Index to Operating Methods of
Voluntaries and Cooperatives.Finance Companies Buy Three-fourths of All Cars.
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Volume 19 Number 7
UNITED STATES DEPARTMENT OF COMMERCEHARRY L. HOPKINS, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCEF. H. RAWLS, Acting Director
SURVEY OFCURRENT BUSINESS
JULY 19 3 9
A publication of the
DIVISION OF BUSINESS REVIEWM. JOSEPH MEEHAN, Chief
TABLE OF CONTENTSSUMMARIES
Business situation summarized.Commodity prices ,EmploymentFinanceForeign trade
Page3
6
7
SPECIAL ARTICLE
Alcoholic beverage industry reestablished
CHARTS
Figure 1.—Monthly business indicators, 1929-39Figure 2.—Pay rolls in manufacturing industries—First 5 months
of 1939 compared with the corresponding months of 1938
CHARTS—ContinuedPage
Figure 3.—Capital issues of domestic corporations—includes allpublicly announced issues. Monthly averages 1925-39 ,
Figure 4.—Production, tax-paid withdrawals, and stocks of fer-mented malt liquors and whisky, fiscal years 1901-19, and calendaryears 1934-38
Figure 5.—Age distribution of stocks of distilled spirits, June 30,1914, and 1933-38
Figure 6.—Whisky imports from the United Kingdom and Canada,fiscal year 1913 and calendar years 1934-38 13
STATISTICAL DATA
Monthly business statistics 19
General index Inside back cover
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is $2 a year. Single-copy price: Monthly, 15 cents; weekly, 5 cents.Foreign subscriptions, 33.50. Price of the 1938 Supplement is 40 cents. Make remittances only to
Superintendent of Documents, Washington, D. C,
1.17200—39 1 1
SURVEY OF CURRENT BUSINESS July 1939
Monthly Business Indicators, 1929-39INDUSTRIAL PRODUCTION INCOME PAYMENTS AND CASH FARM INCOME
MONTHLY INCOME PAYMENTS (1929-100)CASH FARM INCOME (l924M929»I00)
: — ] 120
_l^V_J_Li#_JU' I t ! VCASH INCOME FROM FARM MARKETINGS j
! „ lUEXCLUSIVE OF RENTAL & BENEFIT PAYMENTS)]
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 19o9 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
CONSTRUCTION CONTRACTS AWARDED7 FOREIGN TRADEHO r
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 LIVING140
120
100
80
60
40
20
0
175
150
125
100
75
50
25
0
(1923-25=100)! i
HV FACTORY EMPLOYMENT-A^S-
I i
y
J
1
j
" \ ! / ^^-FACTORY PAYROLLS\j\^J (UNADJUSTED)
! i i II ! '• ! 1
1929 1930 1931 1932 1933 1934 1935 1936 1937 1933 1939
RETAIL SALES *
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
STOCK PRICES
^
AUTOMOBILE SALES (J929~3U1OO) J fDEPARTMENT STORE SALES (1923-23=100) j /
^-DEPARTMENTSTORE SALES \ \ I | ]^jl\
NNEW PASSENGER AUTOMOBILE SALES
\ \ \ I
(1923-25=100)
bv*—350 INDUSTRIAL
1
COMPANIES
—
>^ j
"^30 RAILROAD CCOMPANIESV,
350
300
250
200
150
100
50
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
* ADJUSTED FOR SEASONAL VARIATION
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
• THREE-MONTH MOVING AVERAGE D.D
Figure 1.
Julv 1939 SURVEY OF CURRENT BUSINESS
Business Situation SummarizedBUSINESS activity improved during June as the
retarding influences of the 2 preceding monthswere alleviated and the sustained flow of goods intoconsumption stimulated activity in wholesale markets.While cautious purchasing policies continue to prevail,the volume of industrial and wholesale commitmentshas increased since April. Aside from the steel and coalindustries, production gains have not been large, butevidences of better business have been apparent over awide range of industries. The sharp expansion in steeloperations and. the resumption of coal mining, withother manufacturing industries holding at a steady orseasonally improved rate, have advanced the seasonallyadjusted volume of industrial output to the Marchlevel. Construction activity continued to expand,though a reduction in new contracts from the recentlarge totals Las occurred.
Production in the nondurable-goods industries hasheld at the April level, a rate moderately lower than inthe first quarter. Cotton-mill activity in May and Junereceded at a less-than-seasonal rate and woolen millsadvanced operations in May following the April decline.The fuel industries operated at relatively high ratesduring June. At petroleum refineries, runs to stillsaveraged 12 percent above last year. Bituminous coaloutput of 6 million tons weekly was about one-fifthlarger than in June 1938; in May, production showedsome recovery as operations were resumed following thesettlement of the industrial dispute. The heaviermovement of coal resulted in a rise in the seasonallycorrected index of loadings, which had dropped sharplyin April.
Production of durable goods in June exceeded theMay output; with the steel industry making a sub-stantial gain. Production of ingots averaged about 53percent of capacity during the month; this contra-seasonal rise from the May rate of 47 percent reflectedthe acceleration of operations following the large ordersplaced at the lower prices temporarily effective in May.Automobile assemblies in June approximated the Maytotal notwithstanding some production delays in theearly part of the month. The maintenance of the Mayrate of assemblies resulted from the relatively favorableretail deliveries and the completion of schedules priorto the change-over to new-model production.
The improvement in business during June came aftera 5-month period during which the seasonally adjustedindexes moved lower; in the first quarter these changesindicated an absence of the usual seasonal expansion,but in April and May there was some actual contraction.For the first two quarters, business activity was con-siderably higher than in the comparable period of 1938,though it did not approach the level of the first half of1937.
The dollar volume of retail trade so far this year aver-aged about 5 percent higher than in the first half of1938. Purchases of consumers' durable goods have beenabout one-sixth larger, with sales of new passenger carsexceeding last year's totals by 40 percent or more.General merchandise trade, though only 3 percentahead of last year's dollar total, has been about evenwith the sales during the first half of 1937, allowancebeing made for the lower prices currently prevailing.Sales of retail food stores have been about the same as
PERCENT INCREASE
DURABLE GOODS ° i 0 20 ' ° 4 0 5 0
TRANSPORTATION EQUIPMENT l I H H
IRON, STEEL 8c PRODUCTS | ^ ^ ^ ^ ^ ^ ^ ^ ^
N0NFERR0U5 METALS, PRODUCTS H Q H i
STONE, CLAY, GLASS PRODUCTS | R B H 8 H
LUMBER 8c PRODUCTS 11111111
MACHINERY
ALL DURABLE GOODS
NONDURABLE GOODS
|
ii I
RUBBER PRODUCTS II I IMIII I I I I ICTIWWliMiOTI
TEXTILES 6c PRODUCTS WM3MMJr
LEATHER & MANUFACTURES £ H £ §
CHEMICALS, PETROLEUM •
PAPER 8c PRINTING H
ALL NONDURABLE GOODS i » j
!
DP 39- /?6
Figure 2.—Pay Rolls in Manufacturing Industries—Averages of MonthlyIndexes for First 5 Months of 1939 Compared With the CorrespondingMonths of 1938 (U. S. Department of Labor).NOTE.—As pay-roll changes in the tobacco and food-products groups were quite
small these classifications were not charted.
last year, as lower prices have permitted increased con-sumption writh no increase in dollar purchases. Thissituation has favored other lines of trade, since thelarger consumer incomes this year have been availablefor purchase of nonfood items.
The number of persons employed has increasedduring the past year, though the unemployment totalcontinues large. The latest estimates of the Depart-ment of Labor place the volume of nonagriculturalemployment in May at 33,017,000, a gain of 682,000over last year. With omission of the bituminous coalindustry (affected by the industrial dispute at the timeof the May compilation of employment data) the gainover last year amounts to 870,000 workers,
SURVEY OF CURRENT BUSINESS Julv 1939
Total income payments were 3 percent higher in thefirst half of the year than in the first semester of 1938;they were about 4 percent less than in the initial6 months of 1937. Income payments have been madeat an annual rate of 65.6 billion dollars, as comparedwith the actual 1938 total of 64.2 billion dollars andthe 1937 figure of 69 billion dollars. Income pay-ments, seasonally adjusted, were lower in the secondquarter of 1939 than in the opening quarter of the year,reflecting mainly the trend of manufacturing operationsand the curtailment of coal-mining operations. Incomepayments this year have been augmented by the largervolume of work-relief payments and benefits under theSocial Security Act; these have increased 18 percentand 40 percent, respectively.
Corporate earnings have shown marked recoveryfrom the restricted profits in the first half of 1938,though preliminary indications are that profits in thesecond quarter, as in the first quarter, were lower thanin the fourth quarter of last year on a seasonally cor-rected basis. Dividend disbursements, however, havebeen lower than a year ago. For May, Moody'sindex of the dividend rate for 600 common stocks wasthe same as in May 1938. The Department of Com-merce has estimated that for the first half of this yeartotal dividend disbursements were moderately smallerthan in the comparable months of 1938. Interest pay-ments this year have been about the same as in 1938.Agricultural Income Stable.
Farmers' incomes this year have included enlargedGovernment benefits which have offset the declines inmarketing receipts. Total cash income in the firsthalf of 1938 equaled that of a year ago, and the Depart-ment of Agriculture anticipates that income this sum-mer will approximate receipts in the summer of 1938.Income from marketings of crops and livestock hasbeen affected by the 5-percent average decline in pricesreceived, as well as b3T the changes in the quantitiessold or placed under Government loan. For the first5 months of this year the Department of Agriculturehas estimated cash farm income from marketings ofcrops and livestock at 2,466 million dollars, as comparedwith 2,570 million dollars in the comparative periodof last year. Government payments of 363 milliondollars were 150 million dollars larger.
The outlook is for smaller harvests than a year ago,according to the June 1 condition reports of the Depart-ment of Agriculture. In the Great Plains area mois-ture conditions, though relieved somewhat in late Mayand in June, were poor; and pastures in these areas asof June 1 were much below average. Threateningdrought conditions in the winter-wheat areas wererelieved by rains late in May and in June, but the in-dicated wheat harvest is much lower than the bumpercrop of 1938. Ample wheat supplies are assured bythe large carry-over from the 1938 harvest.Manufacturing Output One-Fourth Larger.
Manufacturing output, as indicated by the FederalReserve indexes, has been more than one-fourth larger
this year than in the first half of 1938; but significantdifferences are apparent among the various industries3
by reason of the nature of the 1937-38 decline and thesubsequent recovery. The nondurable industries showproduction gains of about one-sixth from the first halfof 1938, while aggregate output of the durable-goodsgroup is up about one-half. Percentage increases over1938 have been large in many of the durable-goodsindustries, a development in line with the characteristicfluctuations in this group. However, the Federal Ee-serve index for this group has averaged about 30 percent
MILLIONS OF DOLLARS8 0 0
1 | REFUNDING
9 1 NEW CAPITAL
1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 !938 1939JO J9-/J6
Figure 3.—Capital Issues of Domestic Corporations—Includes all PubliclyAnnounced Issues as Reported by the Commercial and FinancialChronicle.NOTE.—Data plotted are monthly averages.
lower than in the first half of 1937. Despite the slack-ening during the second quarter, the output of the non-durable-goods industries included in the Federal Re-serve index has been within 8 percent of the 1937 level.
While the Federal Reserve production index for dur-able goods moved downward during the first 5 monthsof this year, influenced by the heavily weighted steelcomponent, output in a number of the industries pro-ducing this type of product expanded during the secondquarter. Construction-materials manufacturers haveincreased production to meet active demands, andshipbuilding, aircraft, and machine-tool plants haveoperated against large backlogs of orders.
To compare the situation this year with that prevail-ing in the first half of 1938, the pay-roll data of theDepartment of Labor have been charted in figure 2.The coverage of these data with reference to productsis wider than is afforded by monthly production data,and the fact that hourly earnings have held steady re-moves this variable as an important consideration. Itwill be observed that pay rolls in the durable-goodsindustries surveyed by the Department of Labor aver-aged one-fifth higher. The rise in the transportation-equipment group is outstanding. The automobileindustry was the dominant factor in the increase of thisgroup, though aircraft manufacturers and shipbuildershave also advanced operations and enlarged pay rolls.The automotive industry with its increased require-ments for "original equipment1' tires and tubes, was
Julv 1939 SURVEY OF CURRENT BUSINESS
also responsible in a large measure for the outstandingpay-roll gain of 34 percent reported by establishmentsmanufacturing rubber tires, rubber shoes, and otherrubber goods. For the machinery group, pay rollsin most lines showed increases, though in the agricul-tural-implement industry they were about one-fifthlower than in the first half of 1938, which was a period ofunusually well sustained activity in this industry. In-creases of 20 to 40 percent were reported for pay rollsin the hardware, plumbers' supplies, heating and hot-water equipment, lighting equipment, cast-iron pipe,and brass and copper industries.Construction Contracts Up 30 Percent.
Construction contracts awarded in the 37 EasternStates surveyed by the F. W. Dodge Corporation,though receding in June, were 30 percent larger in thefirst half of 1939 than in the initial 6 months of 1938;the total was in excess of awards in the first half of1937 by 13 percent. Publicly financed projects andprivate residential buildings—especially single-familydwellings—accounted for the major part of the increasein construction contracts this year. Contracts awardedfor private construction other than residential buildingsshowed a gain of but 10 percent over a year ago, andwere only two-thirds of the 1937 volume. Awardsfor factory buildings, though larger this year than in1938, were DO more than half as large as in the firsthalf of 1937. Capital formation by private industry
generally is at a much lower rate than in 1937. Therelatively low volume of new capital raised is revealedby figure 3, though this does not indicate the com-parative volume of capital expenditures by industryover this period. Much of the outlay of recent yearshas been financed from the resources available to cor-porations without recourse to public issues.Railroad Operations Relatively Depressed.
Freight traffic has responded to increased productionand construction activity this year, and operatingrevenues of the class I carriers have been about 10percent higher than in the first half of 1938, though 15percent lower than in 1937. Operating revenues of thecarriers during April and May were cut by the curtail-ment in coal traffic, but part of this has been regained.
The railroads have increased their orders for railsand track accessories to an important extent this year,following the limited purchases of 1938. Outlays fornew rolling stock, however, have been relatively re-stricted, and the season for ordering new rolling stock tomeet fall traffic peaks has passed without substantialequipment purchases. On June 1, freight cars on orderfor the class I roads totaled 9,300, as compared with4,500 at this date last year and 45,000 on June 1, 1937.In the first 5 months, the class I roads installed only7,000 new freight cars, as compared with 6,000 in thecorresponding period of 1938 and 28,000 during thefirst 5 months of 1937.
MONTHLY BUSINESS INDEXESMonthly income
payments
I Total pay-ments
Year and month
i 3
IMonthly average
1929=100
Factory em-ployment j Cash farm
and income2
pay roils
Industrialproduction,adjusted 1
Freight-carloadings,adjusted l
Retail sales,value, ad-justed i
Foreigntrade,value,
adjusted '
3 3
as
i -
-*•»
Man
u
Min
er
Tot
al
VI«
riot
-a Vc. s-3 &
« * *Sri
V
*
Z "=
B I I
4t \
OB >>
Monthly av-erage 1923-25 = 100
Month ly av-erage 1924-
29=100Mon t h l y average 1923-25 = 100
! 1929- !131 = 1001
Month ly average1923-25 = 100
tfo
Monthlyaverage1926=100
1929: May1932: May1933: May1936: Mav1937: Mav1938:
MayJuneJulyAugustSeptemberOctober.November . . .D ecem her _. _
1939:JanuaryFebr uar yMarch _.April. . .May
Monthly average, Januarythrough May:
1929 '.1932193319361937
97.864.055.575.183.7
76.7
99.064.756.277.688.2
82. 381.076.183.586.380.990.9
84.377.884.383.079.1
80.781.582.082.183.284.1
83.783.584.282.682.2
1939.
97.667.255.875.6 I84.579.981.7 ;
99.462.654.079.289.7
79.579.479.881.482.583.184.686. 2
85.485.185. 083.382.9
98. 165.954.578.188.180.984.3
106.665.367.195.7
109. 1
83.782.482.984.986.987.590.091.6
91.791.391.090.990.4
104.968.964.293.6
106.786.690.6
114.346.844.483.9
109.7
72.970.870.676.981.083.884.186.5
83.485.486.9
87.5 !42.050.064.068.0
60.561.072.072.585.091.578.072.5
68.551.057.5
84^9 I 55! 084.4 I 60.0
111.251.941.080.0
103.775.385.0
94.047.064.072.578.0
67.572.082.572.072.567.569.568.0
67.560.064.064.565.0
90.244.638.260.068.560.958.4
1226078
101118
767783
103104
101
122676799
11979
1235977 I101118737482878995103104
10097969291 I
124666699
1207697
1176779103117
919293959798102109
11011011095
107525572
110 ! 10273 !73 [99 !
112 !95 j
ioo !
555067785762
10573676569
6059606061626161
6262626161
756563
109 j 146.072 37.066 42.587 I 93.593 ! 104.0
10837325681
78 ;82 i838386848989
8887888885
57.0 !50.5 j56.5 I54.5 I60.0 !85.0 I100.092.5
91.0 '96. Q88.579.5 j78.5 I
100 I 161.7 ! 117685776847779
42.8 !38.8 !
106.7 !
121.6 !67.3 i92.3 ,
392951 i6772 I62 i
12234325886
4547475355545554
5549535361
120402960865157
12126164656
5154596678829696
8673696761
121271750585070
134.3(53. 458.386.297.8
81.287.084.581.283.391.786.4
106.9
90.577.192.385.390.0
135.870.3
3 56.586.8
100.483.487.0
94.764.462.778.687.4
78.378.878.178.377.677.577.0
Pi76.976.976.776.276.3
95.565.960.879.887.179.476.6
i Adjusted for seasonal variations; monthly averages, except compensation of employees, are based on unadjusted indexes.3 Average of 4 months, January, February, April, and May.2 From farm marketings.
SURVEY OF CURRENT BUSINESS 1939
Commodity PricesCOMMODITY prices on the average moved within
narrow limits during May and June. The recentimprovement in business has been accompanied byincreased commitments in wholesale markets, but thesedemands have been met generally at prevailing quota-tions and some orders have been placed on the basis ofprice reductions. Prices of a few leading raw materialshave advanced slightly, partly as a result of expandingeconomic activity in some quarters abroad, but off-setting decreases in other commodities in this grouphave caused the composite index to move moderatelylower. Quotations on finished goods remain generallyfirm at a level about 3 percent below a year ago.I Prices of farm products and foods have moved lower,with meat products particularly declining. Grain quo-tations advanced on the basis of the crop reportsshowing adverse conditions in certain areas, but priceshave eased during June as prospects improved. Cottonprices have advanced as the available domestic supplyof "free" cotton was reduced, and substantial buyingof cloth tended* to maintain the rate of domestic cottonconsumption. Foreign demands for cotton have con-
tinued low, with shipments during the first 5 monthsof this year amounting to only half of the average forthe past 10 3rears. Raw-silk prices have droppedabout 25 cents a pound from the top May figure.
Wholesale prices currently are lower than a year ago,when business started advancing in a move whichcarried through the end of the year. The decline inprices since June a year ago has not been so pronouncedas that in the preceding year of recession in businessactivity, but the economic recovery of the past year hasnot produced a renewed upward trend of the generalprice level. The pressure of supply is still substantialunder existing demand conditions.
With wholesale markets steady and consumer pur-chasing maintained at an even rate, average prices atretail of nonfood commodities have remained unchangedin recent months. The steadiness of the compositeindex reflects a similar lack of movement in the com-modity groups. Food prices have declined sinceDecember, though during the last 3 months of decliningprices of food at wholesale the index of retail foodprices has changed very little.
INDEXES OF COMMODITY PRICES
Year and month
Wholesale Prices (U. S. Department of Labor)
.2 ©T5 2
Economic classes Groups and subgroups
!
Ia S
.2 ! g -
If Retail prices
if* » 25o
Mo. ] Mo. Mo.Monthly average 1926=100 I average ;average 'average
I 1923= ! 1909-14 1923-25 ! /! 100 ==100 =100 , l'
Dec.
1929: May | 94.71932: May . ! 64.411933: May | 62.71936: May | 78.61937: May __ I 87.41938: j
May I 78.1June 78.3July 78.8!Augus t . . _ | 78.1September _. | 78.3October 77.6!November 77. 5 jDecember _ . . . 77.0:
1939:January j 76.9!February | 76.91March j 76. 7jApril ! 76.2M a y | 76.21J u n e 3 j 75. 5'
Monthly average January through iMay: * * i
1929 ! 95.51932 ! 65.9!?033- I 60.8?1936 | 79. 8!
1937 ! 87. l!1938 | 79.41039 I 76. 6
94.670.367.280.587.5
82.182.282.581.881.881.180/530. 2
80.080.280.280.179.979.8
95.353.953.775.887.1
70.771.472.371.472.070.971.570.9
70.970.970.168.568. 967.7
93.0il02.2ji 88.2: 98.0Nlll.5i 91. 558. 1 46. 6ij 42.6: 59. 3;| 56. 5! 70. 461.3 50. 211 52.8; 59. 4j I 52. 3; 66.574.1 75.2i 70.6: 78. 0|! 85. lj 78. 8187. 5: 89. 8 ! 113. 9 84. 2 95. 91 86.3
75.4 67.5!74.1 68.774.31 69. 4!74.4! 67.3;74. 71 68.1!75.9; 66.8;76. 21 67.8!75.2! 67.6;
74.9 67.274.4; 67.2!74.6! 65.8!74.4! 63.7!74.31 63.7!7L2 62.5
82.3! 72.162.7 73.158.3! 74.3'53.453.0
73.0'4.5!
82.1! 81.684.5! 81.389. 7j 81.4:86.0 81.4!87. 3 81. 3
50.8! 73.5j| 83.3 81.150.9' 74. l! 81.9' 80.654.4! 73. l!| 79.9; 80.3
56. 3! 71. s| 81.6' 80.2:54. 7! 71. 5 83.2: 80.254.5 70.2 ! 82.5! 80.455.2' 68.6 j 81.0 80.559.6! 08.2 j 78.6 80.6
95.571.571.485.897.2
94.i; 82. 51106.71 94.0ll01.2l 90.7! 82.0!73.6 70.7 72.5 74.8! 80. l | 54. 31 64. 4 i73.2! 60.4 76.9 71.7| 77.7 55. 9j 58.977.7! 76.0 94.0! 81.5 86.° c n ° c n o i
99.078.3!72.3!83. 8
; 67 .3
89.8 76.5! 73.11 91.8! 85.2! 94.389.6 76.0 73.4! 90.9! 85.4j 94.080.5 75.91 73.9! 91.61 85.5! 03.5
80.6 89.5 75.4 74.0 92.9 86.9 93.5
94.7 97.6J 94.6 = 105.1| 06.3 98.3 107.9 91.9 ; 96.0; 95.1 82.7 109.0 03.9 101.3
65.9! 73.266.1 73.5!66.6 74.1166.9; 74.4167.5! 74.26 6 . 8 7 3 . 6 .
85.485.184.9!85.084.8
681103!128:
92:9295:
97:959496
91:8990
3 02.41.68.562.5!79. 9S6.5:
79.180.2=80.0!78.4!78. 7i78. l!77. 8:
78.6
77.576.876.4.76.676.5:
76.870.488.195.6
89.589.289.089.089.089.088.988.9
89.189.189.189.189.1
71.366.281.686.383. 2180.11
56.11 60.7!50.3 57.
49. 911 44.7 62.044. 2| 39. 8! 55.9
88.572.769. 9
87. 5| 91. 8 [ 114. 2 86.3 ;75.9J 69. 5 69. ll 73. 5: j74. 51 65. 5 ! 56. I1 70.0
59.8 71. 0 i 73.1; 74.9, 69.0! 76.5 70.7; 80. 8j 57.550.6 66.2 70.4! 71.71 62.9! 70.3 72.11 77.5 52.4
6.0! 95.3: 81.51 86.6 70.702. 7 85. 2!! 94. 9i 86. 9 76. 7:104. 3 88. 21 94. 2 78. 381.4! 82. 5! 91. 2 78.3' 77. 5: 93. 7' 87. 7 06.3 68.081.4 SO. 4 ! 80.61 76.3 73.2 91.0 85.3: 94.1 66.6
91.9! 82.3!
57.7j 44. 2; i 39.8 55.9: 50.6 66. 2 70.4! 71. 7| 6:74.5! 77.311 75.5! 81.0: 00.6 78.91! 85.6i 70.2 7<
64.8!59.2!68.4!78. 9 i74. 2173. 9 i
99.379.972.383.687.886.885. 0:
14568
106!129069 1 •
101.9 .70.5-61. 0:so. 3!85.3179 2!76.8'
79.170.188.294.490.889.1
1 Middle of month. 2 Index is as of the 1st of the following month. 1 Average for 3 weeks ended J une 24,
Julv 1939 SURVEY OF CURRENT BUSINESS
EmploymentSIDE from the rise incident to the resumption of
work in bituminous coal mines and the gain in thebuilding industry, employment showed only minorchanges in mid-May as compared with mid-April.Bituminous coal mines engaged about 80,000 additionalemployees after settlement of the labor dispute, but asthe data cover only the pay-period ending nearest the15th, they do not reflect the full extent of reemploy-ment in this industry during the month of May.
The increase at coal mines, together with a seasonalrise in the construction industry, accounted for most ofthe April-May increase of 180,000 nonagriculturalworkers, according to the Bureau of Labor Statisticsdata. The increase was somewhat less than that usuallyexperienced at this time of year. The margin of gainover a year ago widened in Ma}7, but this was occasionedmainly by the declining trend of employment in thespring of 1938. Recent business gains, the increasedproduction of coal, and the seasonal expansion in agri-culture and several other industries, resulted in in-creased employment opportunities during June.
In factories, the decline in employment in May wasslightly more than the usual seasonal drop, the adjustedindex receding 0.5 of a point to 90.4 (1923-25 = 100).While this represented the low for the index this year,the figure was 10 percent above the 1938 low recorded
in June. The unadjusted index of factory pay rolls alsorecorded a small decline in May but remained 20 percentabove the 1938 low. Only 3 of the 13 major groups ofindustries recorded gains in employment in May ascompared with April—-lumber and allied products, foodand kindred products, and tobacco manufactures.
The railroads reported a less-than-seasonal rise inemployment in May, but for other public utilities thegains approximated those usually occurring at thisperiod. Employment in retail-trade establishmentsrecorded a further small gain in May, and, while theindex remained 5 percent below that of May 1937,it was otherwise the highest for that month since1931.
The number of workers involved in industrial dis-putes declined rapidly subsequent to the settlement ofthe coal dispute in mid-May, but man-days idle for thefull month approximated 4,200,000. This was thelargest monthly figure since the statistics were firstcompiled in 1927, except for April 1939, when the totalreached 6,000,000, and June 1937, when disputes inthe automobile industry resulted in a total of nearly5,000,000 man-days idle. The extended shut-down inthe coal mines does not necessarily indicate a net lossin working days for the full year, since a large part ofthe lost time may be made up in future months.
EMPLOYMENT STATISTICS
Year and month
Factory employment and pay rolls l
Employment
Unadjusted Adjusted »
All in-dus-tries
1929: May !1982: May1933: .May1936: May1937: May1938:
MayJuneJulyAugustSeptemberOctoberNovemberDecember
1939JanuaryFebruaryMarchApril _M a y i
Monthly average, Jan- juary through May: j
1929 I
106. 565. 266.895.4
108.9
83.481.681.985.788.889.590.591.2
89.590.791.491.290.1
104. 968. 964.2
Dura-ble
goodsindus-tries
Non-dura-
blegoodsindus-tries
11 Dura-All In-11 bledus- | goodstries indus-
tries
Non-dura-
blegoodsindus-tries
Pay rolls, unadjustedRetail trade,un
Average factorywages and hours
N i l I d t i
I Industr ia l disputes
litil tltlUl-, . _.„adjusted (National Industrial
Conference Board) Work-
All in-dus-tries
j Dura-i bleI goodsj indus-j tries
Non-dura-
blegoodsindus-tries
Monthly average 1923-25 = 100
109.354.050.990.6
109.0
75.072.470.371.775.379.082.183.1
81.682.683.584.183.2
1937..1938_.H'39..
93. 6106. 786. 690. 6
105. 656. 848.4
103.975.982.0
100. 0108. 9
91.590.392.999.0
101.799.498.4
97.198.498.998.096.7
106. 665. 367.195.7
109.1
83.782.482.984.986.987.590.091.6
91.791.391.090.990.4
107.453.250.189.4107.4
74.171.970.772.075.777.981.383.2
83.6
105.777.083.4101.6110.6
92.992.494.597.297.696.798.399.5
99.5
114.346.844.483.9
109.7
118.735.832.082.1
114.6
83.483.083.2b'l. 2
104.280.479.3
100. 0104. 1 j 109.278.6 j 94.283.0 I 97.8
98.798.698.298.3
72.970.870.676.981.083.884.186.5
83.4
64.261.758.663.768.775.278.380.4
76.685.4 || 78.486.984.984.4
| 80.11 80.2
79.5
111.251.941.080.0 ;
103.775.385.0
112.938.928. 174.9
104.666. 379. 0
109. 559. 158.385.8
104.2
82.680.984.191.794.993.490.693.4
91.093.194.690.289.9
109.3 I66.355.3 I85.6 I
102. 7 i85.4 i91.8 i
E m - Iploy- |ment I & ss- earn-
ings perweek
I in•.month
Monthly av-erage
1929 = 100Dollars Number
98.677.272.185. 089. 9
83.883.681.180.084.785.986.998.1
82.281.583.885.285.7
78.671.482.487 684.383. 7
98.265. 551.365. 873.5
70.069.568.166.869.470.871.579.2
69. 768.469.671.271.8
96.768.551.863.770.469. 970.1
I
28.81 :17.02 i16.83 i24.4128.36
23.3823.7423. 9324.9325.7326.1426.3226.02
25. 9526.1126.2526.27
.592
.508
.453
.616
.698
.718
.719
.713
.711
.714
.714
.714
.713
.713
.715
.717
48.633.737.639.440.6
32.733.133.835.236.236.736.936.6
36.636.836.936.8
12191
161206
Thou-sands
Man-
i month
Thou-sands
I of dayg
28. 8118. 3015.8623. 7927.3423. 41
.588
.522
.460
.611
. 064
.714
35.534.938.841. 133. 0
604
300219208262222256207177
164175179220235
325
8353504896534338
49654142066
8278
101178427244
28393862
20961
128
9502,0791,0671,019
1,174871776831990842658513
512537584
6, 0004,200
425923547887
2.772753
2, 367
1 See footnote marked " t " on p. 25. 2 Adjusted for seasonal variations,
SURVEY OF CURRENT BUSINESS Julv 1939
FinanceNOTWITHSTANDING the decreased gold inflow
into the United States in June and the con tinnedmovement of imported gold into earmarked accounts,payments for gold from abroad continued to be an im-portant factor in the further expansion of member bankreserves to a record total of over 10 billion dollars.Other influences were the absence of a cash offering inthe June 15 Treasury financing and the net disburse-ments of funds by the Treasury as a result of the con-tinued substantial excess of Government expendituresover receipts.
Loans of the weekly reporting member banks to agri-culture, commerce, and industry have been practicallyunchanged so far this year, and on June 21 aggregated83,323,000,000. The problem of credit needs was underreview during the month by the Senate Committee onBanking and Currency which held hearings on the Meadbill (S. 1482), one of several before Congress which haveas their purpose the stimulation of the flow of credit tobusiness enterprise.
Security trading was in relatively low volume duringJune, with prices of industrial and rail stocks showinga net decline for the month. Price averages at the endof June were approximately the same as a year ago;June 1938 witnessed an exceptionally sharp rise instock quotations which anticipated the subsequentimprovement in business and earnings. Prices ofhigh-grade bonds continued to fluctuate narrowly,reflecting the pressure of funds seeking investment inthis type of security. Government bonds eased slightlyafter rising sharply in the 3 preceding months to record
figures. Prices of speculative issues reacted with thestock market.
The volume of corporate security issues for newcapital purposes has continued relatively small throughJune. The figure on page 4 indicates the comparativevolume of new flotations for recent years. June flota-tions were larger than in May, but the bulk of the offer-ings continues to be refunding issues to take advantageof prevailing low interest rates. One industrial corpora-tion's 25-year issue of $50,000,000 of debentures, with a3-percent coupon, was offered at 104.
On June 22, the President proposed to Congress a newprogram of Government financing of self-liquidatingprojects designed to stimulate employment. Includedwas the suggestion of a 3-year program for the purchaseby a Government agency of railroad equipment forleasing to the carriers, as well as a number of othermajor projects. The total program involves $3,060,-000,000, with loan disbursements of $870,000,000 calledfor in the 1940 fiscal year. In addition, the proposalwas made to expand the public housing program of theUnited States Housing Authority by increasing itsborrowing power by $800,000,000.
Referring to the suggested expenditures outlined for1940, the President's letter states: "This programwould stimulate a greater amount of productiveexpenditure than is indicated by the total estimated loandisbursements of $870,000,000 for the fiscal year 1940,Some parts of it will involve additional local expendi-tures not financed by Federal funds, and other indirectexpenditures will be generated."
FINANCIAL STATISTICS
Year and month
| Federal ;i Reserve! bank I! credit j
out- !stand- |
| end of jI month I
102'): May ! 5,0681«2: May I 5,566]i):«: May ! 6,4661>36: May I 11,2661)37: May I 12,440
May ._ _ i 2,582J a n e . . . . I 2,596July . . | 2,589August-. I 2,585
1
1339:
gSeptemberOctoberNovemberDecember
9:JanuaryFebruaryMarchAprilMay
2,6002,5862,5842,601
2,6072,5982,5872,5952,573
Mon- i
stock
Cur-
tion
Excessreserves
ofmemberbanks,end ofmonth
Reporting member banks, Wednesdayclosest to end of month
Loans Deposits
Total
Com'l,indus-trial,
and ag-ricul-tural
Invest-ments De-
mand,ad-
justed
Millions of dollars
4, 00.53,9864, 026
10,32411,901
4, 3975,1695, 5895,9186,426
16,2C2262 ! 11,631339 1 8,952
2,866 I 8,626918 I 9,571
5, 7987, 3858, 232
13,522
12, 89112. 94612, 98513, 05713,44113, 94014,16214,416
14, 59914.77815,01415,50915,S78
6,4156,4336,4646,4826,5706,6686, 7506,888
6.712; 6,697i 6,764! 6,867i 6,919
2,5682,8753,0222.9412,8693,2273,3833, 205
3,6443,3873, 5594,0984,220
8,3348,3218,1658.2708,2418,327 !8,317 |8,430
8,2338,1868,1918,0718,126
3,9923,9363,8653,8863,8913,8923,8663,843
3,7673,7733,8143,8413,822
12,20212, 24012. 39512. 59112,99913,08113,00813,219
13, 20913, 40813,38813,71413,554
Time
12,79111,10211,25714, 580
4,270 | 12,587 j 15,274
14,58915,03614,95115,38815,50815, 76616,01315, 986
16,04815, 96515,991l!6, 66016,965
6, 7655,6644,6545,0355,231
5,2165,2395,1935,2105,1805,1555.1245,160
5,1835,2025,2175,2485,235
All listedstocks,averageprice (N,Y. S. E.)
Dec. 31,1924=100
147.524.350. 174.482.4
48.158.362.260.660.665.464.166.2
62.664.457.056.660.2
Alllistedbonds,
do-mestic,aver-age
price(N. Y.S. E.)
Capital flotations,corporate
Newcapita
Refund-ing
Divi-dendrate,
averageper
share(608
com-panies)
Interestrates,com-
mercialpaper
(4-6months;
Dollars
95. 9870.6280.7993.8393.89
90.8191.9793.3292. 5392.1093.7093 3394^35
94.2595.0194.9994.8392.92
Thous. of dollars Dollars I Percent
923, 0467, 2313, 584
37,60883,011
37, 575202.316130. 276127,01484.93763, 92243,52159, 544
5.82723, 57152,96577, 06020,990
390, 84815, 00012,050
267,3,8592,220
25.69298.79155, 545211.14165, 136273. 237107, 702250,493
10,386136,11546, 689181, 749161,502
11
4806
1.502
111111
09
433939393939
1.431 41
1.41 i1.42 !1.43 !1.431.43
-3V-
H-l3 / 4 - l
H-UH
July 1939 SUKYEY OF CURRENT BUSINESS
Foreign TradeAFTER declining in April, the seasonally adjusted
- index of exports advanced in May to equal theMarch figure which was the highest reported subse-quent to May 1938. Exports were valued at 3 percentless than the total for May 1938, a smaller relativedecline than was shown in the first 4 months of 1939.This improvement resulted only partly from the gain inexports from April to May, since the export trade inmanufactured products was moving to lower levels inMay 1938.
Although some manufactured exports moved abroadin larger volume during the January-April periodthan in the preceding year, the number of commoditiesregistering increases was extended in May. In addi-tion to metalworking machinery, aircraft, rubber manu-factures, textile manufactures, meat products, and cer-tain chemicals which showed increases for both May*and the year to date, exports of gasoline, automobiles,radio apparatus, agricultural implements, copper, andsteel products were larger in May than a year ago. Theincrease in these latter items was not sufficiently largeto offset the decline in the first 4 months of this year.
The volume of exports of finished manufactures inthe first 5 months of 1939 was equivalent to the quan-tity exported in the corresponding period of 1938, andwas larger than in the first 5 months of 1937. Exportsof semimanufactures were down less than 1 percentin quantity during the 5 months from a year ago;
manufactured foodstuffs increased nearly one-fourth.Declines of 7 percent in quantity and of 14 percent
in the value of total exports in the period January-Mny1939 as compared with January-May 1938 have beenin considerable part the result of reductions in shipmentsof feed grains and raw cotton this year. A significantdevelopment of the month was the barter arrangementmade between the Government of the United King-dom and the Government of the United States whereby600,000 bales of cotton are to be exchanged for theequivalent amount of crude rubber. This is a noncom-mercial transaction for the purpose of acquiring reserves"against the contingency of a major war emergency."'
The value of general imports, which had declinedslightly in April, increased 9 percent in May to thehighest monthly figure recorded in nearly a year and ahalf. The May total increased 37 percent over theimport value in May 1938, reflecting mainly the in-creased demands resulting from the improvement indomestic business and industrial activity since themiddle of 1938.
Four of the five economic classes of imports increasedboth in quantity and in value in the first 5 months of1939 as compared with the corresponding period of 1938.The prices of commodities have been lower on the aver-age so far in 1939 than in the early part of 1938. Theincrease in quantity has been, therefore, somewhatgreater than the increase in value.
EXPORTS AND IMPORTSIndexes
Year and month
Valueof
totalex-
ports,ad-
Valueof
totalim-
ports,ad-I
Justed'^justed2
Ex-ports,
in-clud-ing
reex-ports
Exports of United States merchandise
Total
Crude ma-terials
Total
Un-man-ufae-turedcot-ton
Food-stuffs,total
Finished manufac-tures
Semi-man-ufac-tures Total
Ma-chin-
ery
Auto-mo-biles,parts,and
acces-sories
Imports 1
Total £T"*e Food-mate- fi*llfferials s t u i r s
Semi-man-ufac-tures
Monthly aver-age 1923-25=100
1929:1932:1933: Ma'1936: Ma}1937: Ma1
1938:May _.JuneJulyAugustSeptemberOctoberNovemberDecember
1939:January ..FebruaryMarchAprilMay
Cumula t ive January throughM a y :
1929193219331936393719381939
10837325681
7269686662605867
5563
3 1173 39s 293 513 673 723 62
12234325886
4547475355545554
3 J203 403 293 603 863 513 57
Millions of dollars
385. 0131.9114.2200.8289. 9
257. 2232.7227.8230. 6246.3277.9252. 2268.8
212.9218.6268. 4230.9249.3
2,229.9725.9549.5969. 3
1,271.21, 359. 51,180.0
377.1128.6111.8197. 0285.1
253. 6229.5225. 1228.1243.6274.3249.7266. 2
210.3216.0264. 6227.6245.9
2,191.7710.2539.4954.1
1,250.91, 342. 01.164.4
57.4 129.835.042.652.0
34.834.532.843.859.672.159.949.4
36.436.540.126.030.2
428.0216. 6167. 1237.4269. 5242.4169.2
32. 617.726.122.224.6
10.49.4
10.510.720.524.125.019. 0
15.013.717.09. 27.5
57.20.13.
100
15.916.3
48.34.38.
260
35.831.33.
43
29.528.4
31.26.2823.26.
16069
288.9148.2111.4131.5159.0109.562.3
316.0109.166.777.685.9
202.0136.1
59.818.217.635.071.8
42.637.037.335.640.244.540.050.5
35.534.945.741.048.2
320. 892. 078.6
158. 3253.3220.9
202.760.546.2
103.4145.0
128.0123.4117.0112.9112.5124. 4120.4137.9
107.4118.1150.9137.0140.5
1.127.0' 292. 4226. 9480.8642.1676.
47.711.39. 1
29. 642. 2 |
42.441.539.739.536.638.734.640.9
31.234.649.443.9a A
252. 962. 245.1
138.2185.5215.2
43.3 i7.9 !7.4 |
22.5 !33.2 j20.6 |17.217.512.314.217.325.429.2
21.425.328.524.923.8
400.1112.3106.9189.0278.1
147.2147.9147.8171.1172.9178.5171.7165.5
169.3152.5191.2185.8194.2
289.2 ! 1,933. 039. 3 636. 534.6
113. 7146.4138.2
469.9959.0
1,343.4795. 5
205.2|t 653.8 M 203.5! 123.9 ! 893.1
141.728.424.955. 191.4
40.238.043.249.552.453.752.453.5
53.948.159.554.962.3
707.4176.1117.9291. 5438.6233.8278.7
88.937.240.0
Fin-ished
I man-ufac-tures
86.117.218.3
8 1 3
45.747.144.149.549.148.446.844.0
43.441.654.549.151.9
443. 6193. 7167.1301.2417.1241.9240. 5
t)O. V
55. 9
27.830.429.635.033.635.835.235.3
37.234.038.837. 939.9
380. 9106.876.4
192.6267.1151.2187.8
2a. 63U. 1
33. 4B2.430. U37.037.940. 637.332. 8
34. S28.83K 44S.8UK 4
401.1
220. 7
1 General imports through December 1933; imports for consumption thereafter.
157200—39 2
1 Adjusted for seasonal variations. 5 Monthly average of unadjusted indexes.
10 SURVEY OF CURRENT BUSINESS July 1939
Alcoholic Beverage Industry ReestablishedBy J. A. Van Swearingen, Division of Business Review
SUBSEQUENT to repeal of the prohibition amend-ment, the alcoholic beverage industry rapidly as-
sumed a position of importance in the Nation's businessstructure. In the period from 1934 to 1937, the value ofdistillery and brewery output expanded to more thanfour-fifths of a billion dollars, and the value added bymanufacture reached nearly one-half billion dollars.The process of revitalization, which has amountedpractically to a reestablishment of the industry, hasbeen attended by some unusual complications. Atthe outset, productive facilities were deficient, partic-ularly in the distilling industry, and there was nosystem of distribution. Stocks of aged spirits werevery small. However, with the possibilities offered newcapital, the number of distilleries and breweries increasedrapidly, and a working distributive system was set up.The accumulation of an adequate supply of aged spiritshas been largely a matter of time, and while the quan-tity of bonded liquors offered for sale remained rela-tively small until recently, present indications are thatlarge quantities are currently becoming available.Preprohibition Trends,
Figure 4 depicts trends since 1901 for several impor-tant phases of the liquor-producing industry. Thesteady growth in tax-paid withdrawals* of whiskyfrom 1905 through 1913 corresponded roughly to theincrease in population. Subsequent to 1913, the pre-prohibition downturn occurred. Prohibition meas-ures became operative in a number of States, and thereduction in the rate of output was accelerated b}r
the wartime emergency act of 1917, which prohibitedthe manufacture of distilled spirits for beverage pur-poses subsequent to November 9, 1917. The VolsteadAct, which prohibited sales for beverage purposes,became effective after January 16, 1920. During theDV2 years since repeal, special circumstances make itdifficult to determine trends, although the availabledata suggest that consumption is currently exhibiting atendency to level off. The same situation has pre-vailed in the brewing industry with regard to the trendof consumption, although the rise to 1914 was partlyin consequence of a small increase in the quantityconsumed per capita.Size of Industry,
According to the Census of Manufactures, alcoholicbeverages produced in 1937 were valued at over $837,-000,000. Of this total, more than $537,000,000 or 64percent, represented malt liquors, 14 percent distilledspirits, 17 percent rectified and blended spirits, and 5percent vinous liquors. The true relative importance of
1 Tax-paid withdrawals and total consumption for beverage purposes are notsynonymous. See the section headed ''Distilled and Rectified Spirits" for a discus-sion of these concepts.
these industries is not revealed b} these data, since thefigure for rectified and blended spirits includes a largeamount of duplication. The "value of product1' in thecensus reports is the selling price at the plant, exclusiveof taxes, of all commodities produced. In the case ofrectified and blended spirits, it is evident that a largepart of the value of product is actually created in otherindustries. Thus, the whisky used in the blending
MILLIONS OFBARRELSiOOf
80
FERMENTED MALT LIQUORS
60
50
40
30
20MILLIONS OFTAX GALLONS500400
/
,- *~"~N
^—Tax-paid Withdrawals \
\
vProduction
WHISKY
300 -
2 00
1901 1919 1934 1938o o 39-7
Figure 4.—Production, Tax-Paid Withdrawals, and Stocks of FermentedMalt Liquors and Whisky, Fiscal Years 1901-19 and Calendar Years1934-38 (U. S. Treasury Department, Bureau of Internal Revenue).
process is produced by the distilling industry, and alarge part of the neutral spirits by the chemical in-dustry.2 Another important factor affecting compari-sons on the basis of value of product is that the propor-tion of the total represented by cost of materials variesconsiderably among the major divisions of the industry.
The size of the industry, in terms of the operationsactually performed, is better represented by the censusfigures for value added by the manufacturing process.The "value added" is the value of products less the costof materials, supplies, containers, fuel, and purchased
2 In 1938. neutral spirits dumped for rectification amounted to 28,200,000 tax gallons.of which 17,600,000 gallons were produced in industrial alcohol plants and 10,600,000gallons in distilleries In 1937 the total amounted to 30,900,000 gallons, of which 23,-700,000 gallons were produced in industrial alcohol plants, and 7,200,000 gallons*i ndistilleries.
July 1939 SURVEY OF CURRENT BUSINESS 11
electric energy. In 1937 the value added by manufac-ture amounted to $466,000,000, or about 1.9 percent ofvalue added in the manufacturing processes of alJindustries. The malt-liquor industry accounted for 72percent of the total value added by manufacture in allliquor industries, the rectifying and blending industryfor 15 percent, the distilled-liquor industry for 9 percent,and the vinous-liquor industry for 4 percent.
In the aggregate, the value added for the four indus-tries was about one-tenth larger in 1937 than in thepreceding census year, 1935. Several shifts, however,were evident. As a result of the marked decline indistilling operations, the value added in the distilleries
decreased slightly more than one-half as comparedwith the figure shown in table 1 for 1935. In rectify-ing plants, the growing supply of straight spiritsavailable for blending resulted in a gain of nearly three-fourths in value added in 1937 compared with 1935.
The alcoholic-beverage industries account for asmaller proportion of total employment and wage pay-ments than they do for value of product and valueadded by manufacture. In 1937, work was providedfor only about 74,000 workers, and wages and salariespaid amounted to $123,000,000, or slightly more than1 fjercent of the total of such payments in all manufac-turing; industries.
Table l.—The Alcoholic Beverage Industries, 1935
[Value figures are in thousands of dollars]
Item
Value of productsValue added by manufactureEmployeesPayroll
Manufacturing 1
Total liquors Malt Distilled
Total
$708,467$420,149
67,619$104, 527
Percent ofall manu-facturingindustries
1.62.3
1.1
Total
$420,030$280, 221
47, 725$82. 839
Percent oftotal
liquors
59.366.770.679.2
Total
$152, 875$76, 388
9,624$11, 332
Percent oftotal
liquors
21.618.214.210.8
Rectified and blended
Total
$99,130$42, 414
7,147$6, 737
Percent oftotal
liquors
14.010.110.66.5
Vinous
Total
$36,432$21,125
3,123$3, 618
Percent oftotal
liquors
5.15.04.63.5
Wholesale trade 2 Retail trade 2
Total liquorsType of operation
Full service and limited function wholesalers:Wholesale merchants:
Net salesEmployeesPayroll
Importers:Net sales. .._Employees __ _.Payroll
Wagon distributors:Net sales _.. ___EmployeesPayroll _.
Manufacturers' sales branches:With stocks:
Net salesEmployeesPayroll _
Without stocks:Net sales.EmployeesPayroll. . . _
Agents and brokers:Net salesEmployeesPayroll
Total liquor wholesaling:Net salesEmployeesPayroll
Total
$587, 37626, 326$36, 550
$47,9561,524
$3, 283
$63,1633,527$3, 844
$265,8125,284
$11,533
$81, 280928 i
$2,470 |
$19,710 !189 |
$412 I$1,065,297 |
37,778 I$58,092 !
Percent ofall whole-sale busi-
ness
1.42.11.8
.1
.1
.2
.1
.3
.2
.2
.1
.1
.0
.0
.0
2.53.02.8
Malt
Total
$217, 21811,851
$14,480
$2, 20199
$150
$61,8403,429
$3, 749
$68,2752,697
$4,979
Percent oftotal
liquors
Wines and liquors
Total
37.045.039.6
4.66.54.6
97.997.297.5
25.751.043.2
$370,15814,475
$22,070
$45, 7551,425
$3,133
$1, 32398
$95
$197, 5372,587
$6, 554
Percent oftotal
liquors
63.055.060.4
95.493.595.4
2.12.82.5
74,349.056.8
Type of establishment
Beer and liquor stores:Net sales __.EmployeesPayroll
Drinking places:Net salesEmployeesPayroll
Total liquor retailing:Net sales _.EmployeesPayroll
Totalliquors
$328,30725,234
$19,458
$723,961252,167
$101,488
$1,052,268277,401
$120,946
Percent ofall retailbusiness
1.0
ii4.62.S
3.25.13.3
1 Data on manufacturing operations are from the Biennial Census of Manufactures, 1935. Figures are available for 1937 (see text) but are shown here for 1935 so that|directcomparisons can be made with the wholesale and retail trade statistics. "Value of products" and "value added by manufacture" are exclusive of taxes, as such assessments aremade on liquors sold rather than on liquors produced. The employment and pay-roll figures include both salaried personnel and wage earners. Data for wage earners areaverages of monthly figures, and include both full-time and part-time workers. The percentages are based on the following 1935 data for all manufacturing industries: Value ofproducts, $44,993,690,000; value added by manufacture, $18,552,553,000; number of employees, 8,262,000; amount of pay rolls, $9,564,754,000. gl
2 Data are from the Census of Business, 1935, Wholesale Distribution, Volume 1, and Retail Distribution, Volume 1. For both wholesale and retail trade, the Bureau of the Cen-sus classifies the establishments canvassed according to the major commodity or commodities dealt in. The line of separation is drawn at 50 percent. This method of classifica-tion affects particularly the data for retail establishments shown in the table, but the same situation exists to a more limited extent in wholesale establishments.
For Census purposes, wholesale sales embrace the sales of establishments which are engaged in the purchase or sale of goods on a wholesale basis. The figures includewholesale sales made by separate sales establishments of manufacturers, but exclude wholesale sales made directly from their plants. Taxes, as assessed on withdrawals fromdistilleries, breweries, wineries, and rectifying plants, are included. The data for employment are averages of monthly figures, and include both full-time and part-time work-ers, and active proprietors and firm members. The pay-roll figures do not include compensation of proprietors and firm members of unincorporated businesses. The percent-ages are based on the following 1935 data for all wholesale establishments: Not sales, $42,802,913,000; number of employees, 1,278,000; amount of pay roll, $2,049,483,000.
The retail trade data cover operations in beer and liquor stores (including State operated stores) and drinking places, but exclude sales in establishments such as res-taurants, hotels, department stores, and grocery stores. The data for employment are averages of monthly figures, and include both full-time and part-time workers,*andactive proprietors and firm members. The pay-roll figures do not include compensation of proprietors and firm members of unincorporated businesses. The percentages arebased on th? following 1935 data for all retail establishments: Net sales $33,161,276,000; number of employees, 5,473,212; amount of pay rolls, $3,623,289,000.
12 SURVEY OF CURRENT BUSINESS 1939
The liquor industry is significant from the manufac-turing standpoint, and it is equally important in thewholesaling and retailing fields, in 1935, the latestyear for which complete census figures are available,wholesale business done by organizations whose princi-pal business is the distribution of beer, wines, andliquors amounted to over a billion dollars, or about 2.5percent of all sales included in the census wholesale-sales classification (see table 1). These figures, how-ever do not include an indeterminable quantity ofliquor distributed by wholesalers who are not classifiedas beer, wine, and liquor distributors. This is appar-ently an even more important consideration in the caseof retail sales. Reported retail sales amounted to onlyslightly over a billion dollars in 1935; but this figureincludes only sales in drinking places and packagedsales of beer and liquor stores and excludes sales inrestaurants, hotels, and in certain retail outlets, suchas grocery, department, and drug stores.
Sample data indicate that classified wholesale salescontinued to expand rapidly in 1936 and 1937, and thedecline in 1938 was relatively much less than that-recorded for other lines of business. These data, whichare available for full-service and limited-function whole-salers only (see table 1), indicate that such sales in 1938were more than one-third larger than in 1935; while thegain in sales of all-service and limited-function whole-salers amounted to less than one-tenth. The samesituation prevailed w ith reference to reported retailbusiness, although the changes were somewhat smallerthan those reported for wholesale sales.3 The gain inwholesale and retail sales since 1935 has been due inpart to the repeal of prohibition laws in some States.
Employment in wholesale liquor establishments cov-ered by the census returns in 1935 averaged about38,000 workers, or 3 percent of total employment inwholesale lines; and pay rolls amounted to about$58,000,000, or 2.8 percent of all pay rolls in whole-saling. Retail liquor establishments employed about277,000 workers, or 5 percent of total retail-trade em-ployment, and paid about $121,000,000 in wages, ormore than 3 percent of total wage payments in retailtrade. The figures for liquor establishments includeonly those at work in drinking places and in retail liquorstores; employment includes proprietors and firm mem-bers, and pay rolls exclude compensation of proprietorsof unincorporated businesses.
Fermented Malt Liquors
Tax-paid withdrawals of malt liquors in 193S totaled51,400,000 barrels, as compared with 55,700,000 barrelsin 1937, the post-prohibition record year (see table 4).In the year of maximum consumption—1914—tax-paid
3 Estimates of the volume of wholesale and retail sales subsequent to those for 1935shown in table 1, are compiled by the Marketing Research Division, Bureau of For-eign and Domestic Commerce.
withdrawals amounted to over 66,000,000 barrels. Percapita consumption is much less than in that year, as thenumber of persons 20 years of age and over has increasedabout 40 percent over this interval. Approximately53,600,000 barrels of malt liquors were produced in1938 as compared with 58,300,000 in 1937. The excessof production over consumption in 1938 reflected maintytax-free withdrawals (consumed on premises and with-drawn for cereal beverages and for export) and brewerylosses, with stocks showing only a slight increase.Stocks are customarily low, and, except in the spring,are usually equivalent to about 2 months' consumption.About 700 breweries were in operation during 1938, ascompared with about 600 at the time of repeal andnearly 1,500 in 1913, the last preprohibition year un-affected by wartime emergency measures which re-stricted and finally prohibited the use of raw materialsessential in the production of malt liquors.
MILLPROOF
500
ONS OFGALLONS
Less than /year o/d
/-2 years o/d
2~ J years o/d —
3~4 years o/d
Over 4 years o/d
1914 1933 1934
Figure 5.—Age Distribution of Stocks of Distilled Spirits, June 30, 1914and 1933-38 (U. S. Treasury Department, Bureau of Internal Revenue).
NOTE.—Stocks aged 1 to 4 years are combined in the 3 years 1933-35.
The industry is subject to a marked and rather regularseasonal movement, with production and consumptionusually at their low in January, and at their high inJuly or August. Sales of bottled and canned beer haveaccounted for a rapidly increasing proportion of totalsales since 1934. In that year, fermented malt liquorswithdrawn by pipe line for bottling accounted for about25 percent of total tax-paid withdrawals. By 1938 theproportion so withdrawn had increased to 45 percent,and that withdrawn in barrels and kegs had decreasedto do percent.
Imports of malt liquors are small, customarilyamounting to less than 1 percent of consumption. Beerand ale have been imported mainly from Germany,Japan, and United Kingdom. Exports of beer are alsoof small proportions.
Julv 1939 SURVEY OF CURRENT BUSINESS 13
Distilled and Rectified Spirits4
Although tax-paid withdrawals of fermented maltliquors recorded a decline in 1938 as compared with1937, withdrawals of distilled spirits continued to in-crease. Withdrawals, however, have shown a tendencyto level off, the 1938 total of 87,700,000 tax gallons set-ting a post-prohibition record by only a small margin.(See table 3.)
Tax-paid withdrawals of whisky have shown smallreductions in the past 2 years, with the 1938 total of69,300,000 gallons about 1.5 percent lower than in 1937and 4.4 percent low er than in the record post-prohibi-tion year 1936. (See table 2.) The figures for with-drawals are not a satisfactory indicator of domesticconsumption of whisky, since they do not take into con-sideration the rectified spirits consumed, the net im-ports of recent years, or the changes in stocks in thehands of wholesalers and retailers. After adjustmentfor rectified spirits and for imports and exports, the indi-cated consumption for beverage purposes in 1938amounted to 98,500,000 gallons, compared with 103,-600,000 gallons in 1937 and 98,900,000 gallons in 1936.
As satisfactory data for rectified spirits were not-reported before prohibition, it is not possible to makea direct comparison of total current consumption withthat of the earlier period. For tax-paid withdrawalsof whisky alone, the 1938 figure of 69,300,000 gallonscompares with the 1913 fiscal-year total of 76,200,000gallons. While blended whisky, the important variable,cannot be determined accurately for 1913, the availablestatistics suggest that consumption of such spirits inthat year was larger than in 1938.
Production 'has fluctuated widely since repeal, withthe industry faced with the necessity for building uplarge stocks for aging. On June 30, 1933, stocks ofwhisky in bonded warehouses amounted to about18,400,000 gallons, and the seven whisky distilleriesin operation had a daily capacity of 60,000 proofgallons. Within a year, the number of distillerieswas increased to 44 and the maximum daily capacityto 750,000 proof gallons. Production expanded rapidly,and by the end of June 1934 whisky stocks amountedto 57,700,000 gallons.
In consequence of the industry's efforts to accumulatestocks for aging during the early years following repeal,whisky distilled in 1936 reached an unprecedentedtotal of 245,500,000 tax gallons—more than doublethat of any preprohibition year. Subsequent to1936, production was curtailed and by 1938 it had
4 All quantities in this section are in tax gallons unless otherwise indicated. Aproof gallon is a gallon of spirits which contains one-half its volume of alcohol of aspecific gravity of 0.7939 at 60° F. Full-strength alcohol at this specific gravity andat this temperature is referred to as 200 proof; the 50-percent dilution yields a productwhich is 100-percent proof. The tax gallon is the unit used in measuring the amountof Federal excise tax due when spirits are withdrawn from bond. If the sDirits areabove proof (100 proof) the tax is proportional with the proof; however, if the spiritsare below proof, the unit of measurement is the standard wine gallon of 231 cubicinches.
dropped to about 95,000,000 tax gallons. Stockscontinued to rise, and by the end of 1938 supplies ofwhisky in bonded warehouses reached nearly466,800,000 gallons. Of this total, about three-fourthswas corn or bourbon whisky, and most of the remainderwas rye whisky.
The supply of distilled spirits more than 1 year oldhas been increasing; but until 1938, stocks eligible forbottling in bond were relatively scarce. On June 30,1938, stocks more than 4 years old totaled 9,500,000gallons, about four times the quantity a year earlier.(See fig. 5.) Data on stocks of total distilled spiritssubsequent to June 30, 1938, are not available, but
MILLIONS OFPROOF GALLONSI 5
10
I United Kingdom
Canada
1913 1934- 1935 1936 1937 19380.0.39-/2
Figure 6.—Whisky Imports From the United Kingdom and Canada,Fiscal Year 1913 and Calendar Years 1934-38 (U. S. Department ofCommerce, Bureau of Foreign and Domestic Commerce).
NOTE.—Imports from other countries are negligible, amounting in 1937 to only179,000 proof gallons, as compared with 14,185,000 proof gallons for the United King-dom and Canada.
figures reported by the Federal Alcohol Administrationshow that supplies of bottled-in-bond whisky reached14,500,000 gallons at the end of 1938, compared with8,600,000 6 months earlier. At the middle of 1933,total stocks of distilled spirits eligible for bottling inbond amounted to 8,500,000 gallons. This figure wasreduced steadily in the succeeding 4 years to meet thedemand from blenders. Supplies 3 to 4 years oldamounted to 37,000,000 gallons on June 30, 1938, ascompared with 14,800,000 gallons a year earlier.The increasing proportion of total withdrawals repre-sented by older liquors is indicated by the fact that oftax-paid withdrawals of whisky during the year endedJune 30, 1938, only about 5 percent represented cur-rent-year production, as compared with approximately6 percent in 1937, 27 percent in 1936, 55 percent in 1935,and 75 percent in 1934. Withdrawals of bottled-in-bond spirits have increased in the last several years,but the total for the year ended June 30, 1938, amountedto only 3,800,000 gallons.
14 SURVEY OF CURRENT BUSINESS July 1939
Whisky is the only distilled spirit imported in sig-nificant quantities. In 1938 such imports amounted tonearly 10,300,000 gallons and accounted for about 10percent of estimated consumption for beverage pur-poses. As is indicated in figure 6, practically all im-ports stock come from Canada and the United Kingdom.
As of June 30, 1938, the 108 whisky distilleries inoperation had a daily capacity (24-hour) of 1,390,000proof gallons. While the 1938 figure indicates a possi-ble maximum capacity of more than one-half billiongallons per year, actual capacity is much less than that.Except during periods of unusual activity, such as in1936, the industry does not operate on a 24-hour basis;and, in addition, output is characterized by rathermarked seasonal fluctuations which reflect the move-ment of grain supplies to the distilleries. Normalshut-downs for Sundays and holidays and for repairsand replacements also affect the theoretical maximum.
As a result of the proration program in the wineindustry, some 300,000 tons of the 1938 bumper grapecrop were diverted into the production of brandy.This lifted brandy production for the year to 26,500,000gallons, about 20 percent more than in the precedingyear. Stocks at the end of the period were about 12times the 1938 annual rate of tax-paid withdrawals.The proration agreement, however, provides that outputattributable to the diversion of grapes from the wineindustry shall be withheld from the market under a de-ferred-distribution schedule. Moreover, a large but in-determinate part of the available supply will eventuallybe used in the fortification of wine. It is thus difficultto establish a definite relationship between currentstocks and current consumption.
Production of rectified spirits and wines in 1938amounted to 41,800,000 gallons of which a total of31,900,000 gallons was whisky. (See table 5.) Thesetotals were both below those of 1937, but exceededthose of any other year since repeal. In the processof rectification, the 304 plants in operation (as of June30, 1938) consumed 28,200,000 gallons of alcohol,12,900,000 gallons of whisky, nearly 600,000 gallonsof other spirits and over 100,000 gallons of wine.
Wines5
Though dependent largely upon the grape harvest,operations in bonded wineries have risen sharply since1934. Production of still wines (including wine forbeverage use and for distilling brandy) in 1938 totaledabout 228,600,000 gallons, a slight gain over the 1937total, and the largest output since repeal. (See table7.) Tax-paid withdrawals, which approximate con-sumption for beverage purposes, also showed a smallgain in 1938 as compared with 1937, and tax-free with-drawals, used largely in the distillation of brandy,showed a somewhat sharper gain. Of total 1938 with-
* All quantities in this section are in standard United States gallons of 231 cubicinches.
drawals, amounting to about 233,800,000 gallons,nearly three-fourths were tax-free.
Production of sparkling wines in 1938 was about 9percent less than in 1937; and tax-paid withdrawals,amounting to 328,000 gallons, and imports, of approxi-mately 483,000 gallons, were each about 15 percent lessthan in 1937. (See table 8.) Production of vermouth,a relatively minor domestic product, was about 20percent larger than in 1937.
Appendix
Data used throughout this article are taken for the most partfrom reports of the Bureau of Internal Revenue, the BiennialCensus of Manufactures, and the Census Survey of Business.Part of the data are presented regularly in the Foodstuffs andTobacco section of the SURVEY, page 41. Statistics relating toproduction, tax-paid withdrawals, and stocks of fermented maltliquors, distilled spirits, and wiiisky, and production of rectifiedspirits and wines, are there shown. Tables 2 to 8, pages 15-18of this issue, present the complete historical record for thesedata, including certain preprohibition figures not heretoforeshown in the SURVEY, together with a number of other seriesrelating to the liquor industries. The series shown in these tableswill be presented regularly in the SURVEY beginning with theissue of August 1939.
The Bureau of Internal Revenue issues separate monthlyreports for distilled spirits, rectified spirits, fermented maltliquors, and wine. The report on distilled spirits gives figuresfor production; tax-paid withdrawals; and stocks of whisky,rum, gin, brandy, and other spirits. The report on rectifiedspirits gives details for materials dumped for rectification, andproduction of rectified spirits by kinds. The report on fermentedmalt liquor shows production, stocks, tax-paid withdrawals inbarrels and kegs, and by pipe line for bottling, and number ofbreweries in operation. The wine report gives production of stillwine (ameliorated and fortified wine and blended wine); tax-paidwithdrawals by alcoholic content; tax-free withdrawals by uses;reported losses; and stocks by alcoholic content. Production,tax-paid withdrawals, losses, and stocks of sparkling wines arealso reported. In all these releases, the items of major impor-tance are reported by States.
The Annual Report of the Commissioner of Internal Revenueincludes additional information on the following subjects: (a)number of distilleries and bonded warehouses, (6) bottled-in-bond withdrawals, (c) age of distilled spirits held in warehouses,(d) materials used in the production of spirits and malt liquors,(e) production, withdrawals, losses, and stocks of vermouth.Much of the foregoing material is available by States.
The Biennial Census of Manufactures gives the data shownin the first section of table 1, by States, also State figures forcost of materials and number of establishments, and productionfigures, by kinds and by States, on a quantity and value basis.The Census Survey of Business, 1935, Wholesale Distribution,Volume 1, and Retail Distribution, Volume 1, include the datashown in the second section of table 1 by States and by type ofwholesaler, and similar figures for number of establishments,operating expenses, stocks, and related data. Production andstocks of whisky, by kinds and by States, and of brandy, bykinds, are given in reports of the Federal Alcohol AdministrationDivision, Treasury Department. The reports also give UnitedStates and Puerto Rican production and stocks of rum. Forhistorical data not shown in tables 2 to 8, see United StatesTariff Commission Report No. 90, and Statistics ConcerningIntoxicating Liquors, December 1933, compiled by the Bureauof Internal Revenue.
July 1939 SURVEY OF CURRENT BUSINESS 15
STATISTICS OF THE ALCOHOLIC BEVERAGE INDUSTRYThe following tables present more complete statistics for the
alcoholic beverage industry than have heretofore been shown in
the SURVEY OF CURRENT BUSINESS. For the convenience of
users, a complete historical record is shown for both the new
series and the old series; all data will be presented in the regular
monthly issues of the SURVEY beginning August 1939.
Where available, significant statistics for the preprohibition
period are shown. Certain data are available for the prohibi-
tion period, but as they are of limited significance, they have
been omitted from the tables. Such figures may be obtained
from the following publications: Bureau of Internal Revenue
bulletins; Alcoholic Beverages, a publication of the United States
Tariff Commission; the Monthly Summary of Foreign Commerce
of the United States; and Foreign Commerce and Navigation of
the United States.
Particular attention is called to the series relating to Indicated
Consumption of Spirits for Beverage Purposes. This is the first
time such statistics have been available for general use.
Table 2.—DISTILLED SPIRITS—WHISKY[Tax gallons]
Production
Fiscal Year Ended June 30
1901190219031904190519061907190819091910191119121913J914
79, 701,17175, 414,81370 673, 93260, 606,97871,083,42170,633,07486 552 65154,502,02870 152 17582, 463, 894
100,647,15698 209 57499, 615, 82888 698 797
1915191619171918
1933
44, 552, 49059, 240, 67257, 651, 83417,383,511
4,910,015
Month
JanuaryFebruary _MarchAprilMayJune _JulyAugustSeptemberOctoberNovemberDecember
TotalMonthly average
1933
938, 6541,253,4611,834,5342, 589, 9483, 755, 5604, 792, 679
2 15,164,836
2 2, 527, 473
1934
6, 567, 3367, 210, 6448, 871, 5798, 553, 0098, 671, 7507,313,5128 181,8658,169,7568,785,376
11,199,16711,242,75013,134,014
107, 900, 758
8, 991, 730
1935
14, 731, 29713, 953, 99315, 378,04514, 377, 25515, 679, 35214, 280,05314,556,95313, 067, 24313, 989, 34716,640,17718,301,59719, 909, 955
184, 865, 267
15, 405, 439
1936
20, 358, 26518, 837, 85821, 273, 42021.916,52622', 169, 27022, 638, 92819, 940, 89217,826,52219,062, 66520, 298, 36418, 866. 86222, 287, 328
245, 477, 487
20, 456, 457
1937
18, 912, 70812,933,22920, 254,80319,116, 95717, 976, 58915,980,344
7, 522, 2486,842, 5288, 349, 3067, 873, 7009, 867, 221
10,044,207
155,673,840
12, 972,820
1938
11,638,61210, 254, 2239, 885, 5978, 244,1007, 652, 7364, 721, 3943,915,1654,217,2094,997,0318,119,419
10,561, 98310, 779, 611
94,987,080
7, 915, 690
1939
9,192, 7048, 735,1319, 983, 6828, 442, 6237, 971, 022
Tax-paid Withdrawals
Fiscal Year Ended June 30 Month 1933 1934 1935 1936 1937 1938 1939
19011902190319041905190619071908190919101911191219131914_ ._
57.117, 57254, 948,45.118,45,61145, 23149, 543!
i, 215;,385,673
1,25858, 703, 50556,099, 83862, 546,67, 290,72, 682,72, 355,76, 244,72, 866,
19151916.
1918. . . .
1933..
63,614,609 January.69,468,145 Februar;n o r m o A t\\ TV fC "U83,591,34056, 222, 59262,142, 791
ruary..March,AprilMayJune
I, 045, 315 JulyAugustSeptemberOctoberNovemberDecember. |
Total11 Monthly average
241, 776228,15825l,3ll156, 693962, 659
3, 754, 657
2 5, 595, 2542 932, 542
5, 422,4745, 686,8445, 518, 6865, 388, 8344, 759, 6144,287,3624, 558, 5794, 278, 2845, 952, 8878,199, 8069, 575, 7838, 844, 757
38, 423, 225 j 61, 873, 7771 72, 473, 9103,201,935; 5,156,148 j 6,039,493
2,828, 6071,880,8122, 375, 5022,124, 8692, 096, 9521, 973, 9682, 213, 8432, 828, 4273, 963, 2745, 272, 2905, 342, II915,522,562|
3, 699, 8604, 203,1604, 682,5604, 384,1824, 656, 2924,012,3713, 503,0693, 753, 5646,373,368!7,054,298!8,236,6667,314,387
4, 527,5, 775,5, 829,5,449,5,132,4, 491,4,125,4,657,6, 342,8,104,9,106,6, 789,
656|331234404539935786691612 j153745
70,332,858! 69,297,228!5, 861,0721 5,774,769
5,007, 7465,002, 5626, 794,1255, 736,7294, 878,226
4, 231, 2694,381,8365, 647, 5534,938,5625.110, 9855,174, 6864,312,866!4,225,636!5, 836, 53918,172,71219,571,333!7,693,251! . _
Fiscal year ended June 30
1901.1902 .19031904190519061907-19081909191019111912 . . . .19131914 .
111111111I1,
706,795789,900930, 234005, 805059, 299216, 431499,180437,989552, 204216 171414, 693505, 908658 529670, 234!
1915191619171918 . . . _
1, 247,1601,724,058!1, 657,122;
732, 606
Month
JanuaryFebruaryMarchA prilMayJuneJulyAugust— _SeptemberOctoberNovember _ _.December
Total-
Imports
1 1933
Monthly average
2,8402,4692,8732,4742, 5623, 5334, 7562, 8784, 0556 4215, 050
706, 723
746, 634
62, 220
1934
452, 807410, 652478, 423283,181266, 837302, 574265,867320, 052445 743645 098721,215
1, 023, 286
s 5, 624, 4833 468, 707
1935
390, 798444, 901505, 214475, 457491, 420431, 656354, 728387, 539540 676691 102588,004545, 713
5, 847, 208
487, 267
1936
1,128, 641852, 753902, 668861, 933815,051824 630838 759
1,165,150887 132
1 333 5361, 547 9032, 217,1S3
13, 375, 339
1,114,612
1937
889,018966,4691
1,195,27411,119, 728!1,082, 448!1 064 523!
921 624i888,6381
1,115 2611 532 749;
1,631,562!1,956 808j
14,364,102 i
1,197, 009
111
10
1938
702,977053, 767878, 513777, 048748,131819 911646, 90S555,422818 005045 770
,215, 022459 403
,320, 886
800, 071
1939
570581706677729
870
097858871
Stocks, End of Month
Fiscal year ended June 30 Month 1933 1934 1935 1936 1937 1938 1939
190119021903...1904190519061907190819091910191119121913
150, 652, 833164, 388, 548183, 930, 488191, 320, 876210, 780, 753223, 737, 332"42. 319, 517231, 940, 083226, 096, 519230, 224, 625246, 203,020260, 074, 283272, 504, 286
1914-.1915..1916..19171918
1933.
278,108,0561249,714,721228, 677, 774189, 675, 855140,721,822|
63, 942, 932
18, 442, 955
JanuaryFebruaryMarchAprilMayJuneJulyAugust....SeptemberOctoberNovemberDecember
18,824,633 63,421,55919,121,738 68,343,401"" J~" "" ' 72,882,616
78, 471, 31884,197, 99091, 629, 512
20, 472, 00422, 695,10724, 917, 24725, 850, 008
29,268,725 102,504,44634,496,006 112,081,76641,325,560 122,559,66446, 385, 916 131, 658, 57552, 859,196 142, 639, 20557,717,662! 152,807,235
1 163, 202, 227172, 362, 559180, 065, 938188, 422, 838197, 787, 798207,113, 534
221, 601, 628233, 797, 348248, 945, 795264, 446, 720281, 237, 229300, 658, 508315, 865, 853328, 792,175341, 453, 907352, 619, 055361, 263, 724374, 467,136
388, 435, 340394, 947, 639408, 517, 491421, 543, 586434, 277, 566445, 285, 663448,133, 537449,892.919450, 961, 502449, 919,124449, 902, 975452, 398, 953
M o n t h l y average 2 21,980,123 60,083,288 156,100,482 302,095,757 432,851,358 467,721,413
459, 246, 755464, 525, 358467,423, 256470, 446, 090472,162, 343471,159,539470, 401,188469,451,416468,480,161466, 376, 030466,175, 753466, 809, 071
470, 251, 437472, 783, 469472,142, 766477,135, 274479, 271, 219
1 Compiled by the 17. S. Treasury Department, Bureau of Internal Revenue, except imports, which are reported by the U. S. Tariff Commission (fiscal years 1901-33) aridby the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce (1933-39). The data provide a complete coverage of whisky distilling operations.
Imports relate to imports for consumption for the full period. Data for 1933 represent all distilled spirits, whisky not being reported separately in that year. Whiskyaccounted for about 78 percent of all imports of distilled spirits in 1934, 83 percent in 1935, and 88-89 percent in 1936-38.
Data are in tax gallons except imports, which are in proof gallons. (See footnote 4, p. 13.)2 Total and average, 6 months, July-December.3 Includes a small quantity of duty-free whisky from the Philippine Islands, and a small amount of special imports, free, which cannot be allocated by months.
16 SURVEY OF CURRENT BUSINESS July 1939
Table 3.—DISTILLED SPIRITS—TOTAL ]
[Tax gallons]
1933 1934
Month |_1938 1939 1933 1934 1935 1937 1938 1939
Production
F u>ru-uMarch.\'>r"l__
1 iv
A ' i "i-S e : U"< V : . ) hN - ) \ e iDeee:
ber..ber__
2 22,066,286 128,610,146 213,819, 844(276,009, 983 201,577,193 145,638,050!
2 3, 677, 714' 10,717,512 17,818,320; 23,000,832 16,798,099 12,136,504
1,240,818!1,652,995!
7,966,0398. 498,881
10, 474,8999,717,7459, 631,1278,151,4119, 093,1449, 358,018
2,337,979| 11,525,308
15,821,287!14,757,05216, 258,40515, 526, 25717,090,31715, 503,11015,593,30014,153, 259
3,807, 4276,065,3366,961,731
15,056,77114,098,11015,038,693
16,346,140 23,70123, 326, 49125,030, 51324, 413, 713
21, 930,19,803,22,345,23, 276,23,376,24, 272,21,732,19, 764,
27, 632,22, 963,25, 209,
20, 848.14, 303,22,394,21,744,20,176,18,484,9,313,8. 908,
13,869,19,048,18, 533,13,952,
167! 14, 623, 724 11,829,451390| 12, 991, 3(i7|l(), 702, 017258112, 283,369113,019, 223619ilO, 116. 402!10, 876,120320 9,658,274110,743,345
Tax-paid withdrawals
6,857, 0075, 692,4616, 094, 7069, 294, 322
438 18,922. 773371 22,147, 247|628)16, 956, 398;
101,50866,90162,11181,979120, 093208,844247,766243,145325, 486266,861
1,265,8224,384,855
3,442,8972, 296,1462,801,4072,418,6942,386,8342,366,7092,752,6113, 430,9274,611,3815,968,0076, 073, 3586, 329, 663
4, 214, 3424, 589, 7195, 218,5194,917,3925, 303,9024, 673, 2004, 281,1444,528,4197,023, 6537,785, 2189, 046, 7468,199, 320
7, 375, 371144,878, 6341 69,781, 574
614,614! 3,739,886 5,815,131
6, 020,8016,179, 3646,195, 0876,175, 5525, 666, 4745, 228, 7465,813,5085, 254, 6786, 931, 3089, 722,15311,570,83810,565,181
5,316,4426,800, 4457, 042, 4876, 640, 2926,167,717!5,896,595!5, 303, 7555, 790, 478', 920, 256
10,083,45411,226,1768, 484, 547
5,096,8075, 367, 0327, 255, 2416,386,4156. 443, 3296, 592, 2965, 732, 3705, 672, 3047,491,19410,203, 48811,745,2909,724,
6, 245,6, 091,8, 569,7, 601,6,878,
527090183313190
85, 323, 690! 86,672,644! 87,709,917 <.
7,110,308; 7,222,720: 7,309,160'I ! !
Imports Stocks, end of month
JanuaryFebruary._March.."...April
VjuneJulyAugustSeptember.OctoberNovember.December.
M J , av
2,8402, 4692,873'2,474:2, 562',3,5334,7562,8784, 05516,42V5, 0.50;
706,723!
620,021582, 869637,159389,760373,233!412,535340,620386, 800554, 303784, 642864,545
1,231,296
502,1311545, 449587,653566,377565,914!561,387!438,441j466,427!
661,543:821,471720, 009i704, 431 j
1,245.4729S6,990
1,012,157!969,3011899, 1261
988, 438990, 972
1,354,2561, 002, 4771. 504, 9861,732,5252,500.211
1,026,228!1,079,2601,330,1811,248,7541,218,9261,194,0481, 076, 8401, 018, 0991,246, 097 i1,725,428! 1,1,808, 5041 1,2, 215, 283 j 1
811,853748, 320990, 653875, 998 i847,065!927,549!.745.451;.640.726'.923,902!.
666,515676,199831,148775,792844,889
200,470,380,5471.690,618!.
32,280,37,991,145,765.51,403,58,136,
J63, 065,21,258,181168.871,21,714,436173,841,23,165, 861178, 379,25, 463,833184,092,27,581,927 90,054,28,695.236198,028,
155949
00 129,884 139,707017711203934957931386
202,697 230,425,312 :402,132,371 482,649, 533 510,033, 750 242,830,106;408, 632, 281 489, 435, 6841513,679, 013!258, 221, 400|422, 887, 864 492,840, 474!516,036, 0701273,972, 503J437.144, 050495.992, 433)519,
50, 476, 538!290,811, 053 450, 744,552 498, 066,767)521,160, 755, 3941310, 803, 839!462. 607, 980i497, 527, 755, ._171, 094, 265 326, 300, 432:466, 023, 833j49fi, 903, 390; . .180, 268, 331 339, 862, 690(468, 200, 9911496, 011. 5 4 7 . . -187, 729, 349 352, 451, 682j 469, 731, 4541495.162. 890:195, 796, 467 364, 020, 914! 468, 731, 350 495,205, 382, 414 373, 328, 976j470,141, 196 501,
522, 574 387, 275, 341 473, 719, 631 505,
194,173453,762754,585157, 614773, 086
746, 6341 s 7, 241,258 7,141, 2361 15,156,9111 16,187,648
62,220! 3 603,438 595,103! 1,263,0761 1,318,971
11,783,152:
003, 302206, 629670, 477 . . . .
981,929: i224,646, 579,65,159, 378(163,664,739;312, 525, 3541450,058,129;495, 539. 240,.
- Compiled by the U. S. Treasury Department, Bureau of Internal Revenue, except imports, which are reported by the U. S. Tariff Commission (1933). and by the C S..Department of Commerce, Bureau of Foreign and Domestic Commerce (1934-39). The data provide a complete coverage of the industry. Production, tax-paid withdrawalsand stocks include whisky, rum, gin, brandy, and other distilled spirits, but exclude statistic relating to ethyl alcohol which are shown on p. 38. Imports comprise spirits,cordials, liqueurs, bitters, ethyl alcohol, and compounds containing spirits and relate to imports for consumption for the ful1 period. Data are in tax gallons, except import?,which are in proof gallons. (See footnote 4, p. 13).
Fiscal year totals for 1933, in tax gallons, are. Production, 7,795,160; tax-paid withdrawals, 1,102,937.a Total and average, 6 months. July-December.s Includes a small quantity of duty-free distilled spirits from the Philippine Islands and from the Virgin Islands, and a small amount of special imports, free, which can-
not ";>e allocated by months.
Table 4.—FERMENTED MALT LIQUORS[Barrels]
Month
M itvli
Sept"Tnber._<)rfob<TNovemlMT
T-'fMl
M^nr.hly average.
1933
— - j1 845
.. . .
OOfi
3. 077, 0483. 286, 9763, 539,1073, 506, 8792, 897, 1762, 300, 9231, 924. 8242.128,917
2 24 506 856
9
2
1934
593424,974
3 3114. 566,4, 860,5,116,4, 747,3, 299,3, 308.2,713,2, 590,
13
3,
1 5'.
596,
19/|
733789593014234359074338143647098
1 16
262
9
Product
1935
9482. 783, 9504. 053. 43344,4,5,5,3333
IS
4.
Fiscal Year Ended June 30
no:no°i '"i
I OP
l'MS] ' ;0 i
I'M I
l n-2
1 H41015l U o
37, 47S, OOO'47 450 00046, 655, 00048 208 00049, 460, 00054, 652,00058 546 00058 748 00056 303 00059, 485, 00063 217 00062,109. 000
66 105 00059, 747. 00058. 784. 000
1917.19181919.
. . .
. . . .
5°1623589375132871739228210
on
001
735547033858596804955218841
o iS
102
60, 750 1
193C
3 3692, 935.4, 464,4 982
i o n
9544909Q4167
5, 421, 2736, 079, 6126, 793, 5285, 775, 7625.173,0654. 048, 5663, 385, 6663.704,939
56 134
4, 677
30, 0001
75 00030. 546. 000
3 '6
860
1937
3 6623, 531.5, 056,5 4695, 703,6, 444,6, 385,5, 892.5, 129,3, 831,3,642,3,511,
58 259
4.854,
; January.
March..\pTilMay____JuneJulvAugustSeptemb
065
9 9 0
082534580522463087946410
560
064
3,545,5554333
-.)
4
1938
574673,091967199,510,134,336,313.595731.537.
rq^
466.
Tax-Paid
Month
OctoberNY vemberDecember.._
Tot Ml
Monthly average.
00420170091 S392852722688306274216374
741
312
1939
3 6423, 481.4, 488,
"4 6365, 650,
388725770366127
1933
3. 839,4. 240.4.311,4. 460,4, 584.4, 402.
3 4,
Withdrawals
1
!
122999
311
1933
617122.537,817,
6792, 044,1,601.2
90
441461
033
470
4 9 -
646655683651
101713
189, 484
666
2 2, 296,
918
321
45.5
1934
769218.675
6 3256,6.6,6,66,
k6
i"293,4,4433,92
40
3,
4Q02493053Q7
717,652908 581796,743692, 454269, 010063,953653, 703437, 956
043, 540
1934
02586"630,86Q893,588079601537351080713
034
336,
724160608064577716988758350511653798
Q07
242
,.
5,6-
7.'7,6.6.6.6.6,
6,
Stocks
193a
810925.47991 q735,766,341,923,690,4!?6,203.204,
732,
773421
0 r n868433°»40505350464985595
501
1835
2, 3342, 5463,34,4,5533,33,
45
3.
996900
278, 617478 274037394
355933797370102
143
761
098888730541136123861808
03?
919
End of Month
193C
6 640 4326.
8
802, 078332 6329 = 1 175
8,418,6978, 659, 4828. 507,1588. 102,9058, 082, 7267, 707, 8627,318, 5776, 972, 249
7
9 '
3,35,5,6544,33,
53,
4,
732. m
1930
705.685
4298^0
752,816895 507042,919605.080670 °63943080229696870
010
417
831490631759838
015
501
„
8'9
1937
666,349104
9, 408,9, 591,9, 254,8, 699.8, 485,7 9577, 506,7, 133.
8,
3,34,4
16
4,33,
55
4,
381,
193"
060132.
67409159388016246168150687241815061 n
003
601178,788496 5<:o185,014,46891Q131187,
729,
7S9
644,
562
490Q95389357329
193
349
_
8'0
9,9,9.8.8.
8,
3.34,44,
5'544,33,
51
4,
1938
481 967758, 932550 171161590.660.189,539,242,560366,081,
350,
193!-
072,947014.1 «•}561.203.3*6747497
133,773669,
401
283,
oos017903390523431691686487
100
281'956886ri%419r14
508" 8558076393
Q4Q
496
1939
7 4fi77,774,«. 264,8 7459, 086,
: : : : : : '
1939
3. 102.3 0303.815,3 9«55, 079,
op,-";
123
964ffi-f
22fv
' Compiled by the T\ S. Treasury Department. Bureau of Internal Berenice, and represent complete coverage of the industry. Tax-paid withdrawals for ther\K-!0 are derived from Federal taxes collected and the fax rate.
' Total and average. 9 months, April-December.:; Average, 6 months, July-December.
July 1939 SURVEY OF CUEEENT BUSINESS 17
Table 5.—RECTIFIED SPIRITS AND WINES—PRODUCTION l
[Proof gallons]
MonthTotal
1934 1935 1936 1937 1938 1939
W h i s k y
1934 1935 1936 1937 1938
JanuaryFebruary—.MarchApril..MayJuneJulyAugustSeptember..OctoberNovember..December..
1, 525,1891, 388,4351,776, 4862, 365, 6042, 569, 7533, 042, 736
1,379,1631,493,0121, 861,4501, 789, 3501, 958,8891,943, 6911,980, 6591,961,4722, 552, 7453, 255, 6503, 491, 0713,321, 514
2,555,2762,415, 8532,798,0342,879,4332,587,9632,649,1363,112,0772,736, 7243,376,1134,322, 7085,835, 3605, 453, 526
2, 638,2712,923,3973,800,3923,518,1303,478,8993,115, 3752,901,3333,050,8583, 909,3815, 237, 5815,518, 5595,032,014
2,549,5922,423, 2293, 544,9412,959,1043,122,2643,311,0942,982,6772, 771, 6683, 504,2784, 479,8425, 362, 2974, 774,143
2, 972,6572, 682, 8283, 816, 5293, 669,556
1, 290, 5701, 747, 3501, 837, 8592,114, 803
895,7731,027,3521,310, 8921,183,9051,236,6481,081,894
957,8701, 070, 6721, 687, 2452, 250,0602, 471, 6032,412, 514
1, 898,9191,858,4212,045, 7731, 787, 3141, 662,7821, 623, 3921, 822, 3271, 607, 2772, 411,1823, 337, 5734,400, 3474, 257, 212
1,7692,2362, 898,2, 486,2,363,1, 997,1, 821,2,005,2,952,4,135,4,571,3,995,
1,945, 8801, 924,9632,705,5942,055, 2572,233,9052, 326,9772,055,1051, 879, 3152, 709,8153, 689, 3984, 444, 5803, 897, 865
2,374, 57&2,191, 5873,077,6222, 800, 451
TotalMonthly average
»12, 668,203
2 2, 111, 367 2, 249,056
40, 722, 203
3, 393, 517
45,124,190
3, 760, 349
41, 785,129
3, 482,094
3 6, 990,582
3 1, 747, 645
17,586, 428
1,465, 536
28,712,519
2,392, 710
33, 233, 998
2, 769,500
31,868,654
2,655, 7211 Compiled by the U. S. Treasury Department, Bureau of Internal Revenue. The data represent a complete coverage of the rectifying and blending industry. Total pro-
duction includes whisky, gin, cordials, and liqueurs, and small quantities of alcohol, rum, brandy, wine, vermouth, cocktails, and other unclassified spirits.2 Total and average, 6 months, July-December.3 Total and average, 4 months, September-December.
Table 6.—INDICATED CONSUMPTION OF SPIRITS FOR BEVERAGE PURPOSES '[Gallons]
Month
JanuaryFebruaryMarch . . . . _ _ _ _ . . . .AprilMayJuneJuly _ - -AugustSeptemberOctober . . .NovemberDecember . .
Total - _-- - -
Monthly average
All spirits
1938
7, 979, 7667, 465, 3809, 887, 305
12,950, 59115, 039, 31213,109, 354
2 66, 431, 708
2 11,071,951
1939
8,187,8687, 711, 787
10, 771, 4899,782,158
W h i s k y
1934
4,497, 7476,069,1846, 290, 0377,029,769
3 23, 886, 737
s 5,971, 684
1935
4, 281, 7204,884, 8335, 552, 6595, 230,9185, 603,1234,821,9084,180, 4574, 395,3977, 341, 3368, 526, 5689, 538, 2968,706,698
73,063,913
6,088, 659
1936
7,194, 5977,159, 8417, 202,1546,943,1396, 337, 8655,918, 2776, 231,1916,140,8157, 960, 601
11,002,89913, 386,97413,379,953
98, 858, 306
8, 238,192
1937
6, 348, 5908,111,0158, 536,4248,004,0347, 588, 0956, 668, 8746, 006, 3216, 619,0809, 222, 580
12,008, 93513,456, 99611,062, 758
103,633, 702
8, 636,142
1938
6,114, 3856,178, 4328,144, 9137,000,0487,138, 3517, 372, 2606, 240, 3345,903, 3508, 287,195
11,346, 85413, 358, 20411, 434,998
98, 519, 324
8, 209,944
1939
6,987, 9356, 821, 7909, 358,0268,129,374
1 New Series. These data, which have not heretofore been available in this form, represent the total of increases or decreases due to rectification (in proof gallons), ne timports for consumption (in proof gallons), and tax-paid withdrawals (in tax gallons). For distilled spirits, the actual computations are as follows: Tax-paid withdrawalsof distilled spirits plus ethyl alcohol dumped for rectification minus materials dumped for rectification plus rectified spirits produced plus imports for consumption minusexports of United States product. For whisky, the computations are: Tax-paid withdrawals minus whisky dumped for rectification plus rectified whisky produced plusimports minus exports.
The basic data are reported by the U. S. Treasury Department, Bureau of Internal Revenue, except imports and exports, which are compiled by the U. S. Department o jCommerce, Bureau of Foreign and Domestic Commerce.
The consumption figures for total distilled spirits are approximately complete, although they do not include (a) a small quantity of wines which are dumped by rectifiersand blended or mixed in cordials, cocktails, etc., and (b) a small amount of ethyl alcohol consumed as a beverage. The series cannot be computed prior to July 1938 asthe figures on ethyl alcohol dumped for rectification are not available as a separate item. For the period September 1934-December 1935 the figures for whisky consumptionare subject to a small error; the figures on exports cannot be deducted since they were not reported separately. Such exports, however, were probably insignificant.2 Total and average, 6 months, July-December.3 Total and average, 4 months, September-December.
Table 7.—STILL WINES x
[Wine gallons]
Month
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
Total. 289, 302, 696
M o n t h l y average . . 214,883,783
Production
1934
553, 4774, 608, 286
25, 466, 90437,157,28917, 022, 691
4, 494, 049
1935
657. 588450, 674436, 344282, 042279,888319, 699403, 449
1,063,27318, 797, 24161,177,22652, 859, 85726, 215, 095
162, 942, 376
13, 578, 531
1936
5,319,1,107,1, 507,
707,498,
1, 218,1, 371,2, 496,
38, 359,57, 267,15, 425,
2, 788,
128, 066, 845
10,672, 237
1937
768,176706,894054, 993751, 007559. 906496,896517, 075523, 610603, 798393, 091505, 834101,935
225,983,215
18,831,935
1938
2, 014, 2291,132,225
952, 738993,873954, 027
1, 033, 933806, 602
2, 381,90428,197, 77292, 432,40873, 577, 59924,154, 485
1939
5, 008, 1611, 678, 2551,026,1731, 003,120
228, 631,795
19,052,650
Stocks, end of month
1934
50,168, 336
1935
56,464, 407
1936
8, 545, 340
87,179, 348
96,"814,"393"
1937
92, 456, 82787, 776, 95582, 023, 28377, 268, 84573,148. 571!68,107; 99164, 588, 52461, 549, 91174, 387, 564118,637,760134, 224, 719129,092,106
88, 605, 255
1938
125,121,115,111,107,
3 102,97,94,99,127,137,128,
030, 221438, 953988,847746, 439323, 860022, 327766, 768715, 677166, 337065, 961223, 866046, 999
113, 961, 355
1939
122,601,110117,094,037111,356,826.105,775,671
Tax-paid withdrawalsFiscal year ended June 30
190119021903190419051906..19071908 .19091910191119121 Q1 O
1914 . . .
24,008,38044, 743, 81532, 634, 29337, 538, 79929, 369, 40839, 847, 04450, 079, 28344,421, 26953, 609, 99550, 684,34356, 655, 00650,619,88048, 683, 84944, 973, 643
19151916191719181919
19331934
27, 255, 69042, 229, 20637, 640, 49548, 264, 47850, 829, 746
1.801,64714, 525, 688
MonthJanuaryFebruaryMarchApril... _ . . . .M a yJuneJulyAugustSeptember -OctoberNovember .December
TotalM o n t h l y average
1934
1, 374, 0791 «01,1232, 305, 7803,161, 0004,106, 9835, 374, 267
U8,123, 232
2 3,020, 539
19352, 706, 6702, 600,4573,151,1263, 244, 7252, 934, 9722, 639, 2182, 598,4452, 972, 3383, 642,1774, 557, 5035,190, 3616,431, 920
42, 669, 912
3, 555,826
19363, 876, 4633, 847, 7724, 044, 4734, 018, 3853, 203,8683, 090, 6993, 604, 7193, 527, 5204, 787,1676, 341, 7897,312, 5038, 633, 930
56, 289, 288
4,690,774
19374, 655,8914, 444, 2055, 645, 6924, 777, 0894, 283,4304, 021, 3523, 653, 6213,929,8125,192,8716,427, 2377,481,3187,888, 594
62, 401,112
5, 200,093
19384, 307, 2604,051,4865,172,1724, 536, 6624,272, 6474, 261, 9024. 204, 9084, 229,1325,123, 3106, S43, 4627,215,2438, 643, 936
62, 862,120
5, 238, 510
19395, 032, 8255,017,5265, 883. 0875,157,052
For footnotes, see p. 18.157200—39 3
18 SURVEY OF CURRENT BUSINESS July 1939
Table 7.—STILL WINES—Continued[Wine gallons]
Imports
Fiscal year ended June 30
190119021903190419051906190719081909191019111912
19131914
3,894,5744 454,1634,999,5555, 232,4175, 354, 342fi,058,7397, 045, 2267, 269, 6477, 703, 5909 179,4616,963, 2155, 372, 776
6, 254, 0037,113, 433
1915 .191619171918
19331934
5,583, 7095,104, 3364, 778,9893,108,521
37,7432,800, 050
Month
JanuaryFebruaryMarch . . _.April _MayJune -._JulyAugust -SeptemberOctoberNovemberDecember
Total
Month ly average
1934
483, 412442,193380, 088242, 571288,932265,941140, 306125, 683178,936236, 468270, 203401, 409
3, 456,142
288, 012
1935
207,838170,106180, 780180, 392170,366176, 471146,152132,177165,558278, 383316,479368,827
2,493, 529
207, 794
1936
201,467195,956204, 643200,084123,419194, 298198, 281164,921218,808340, 068368,442723, 290
3,133, 677
261,140
1937
228,829211 709267, 604252. 785279,379214, 038216, 751162 692209,736323 913378,617494,283
3, 240, 336
270, 028
1938
205 269189 241258 054224 972198, 543193 613148,509145 457181 202321 690406 000476,129
2,946, 679
245, 557
1939
246 728194 400991 509310 231228,610
1 New series. Data on production, stocks, and tax-paid withdrawals, 1934-39, are compiled by the U. S. Treasury Department, Bureau of Internal Revenue, andrepresent complete coverage of the industry. Production represents the amount removed from fennenters, including wine removed for use as distilling material in the produc-tion of brandy. Wine removed as distilling material accounts for over two-thirds of total output.
Available fiscal year data not shown above are in wine gallons: Production, 1933, 18,755,652; 1934, 77,778,388. Stocks, end of fiscal year 1933, 25,541,4S6.Data shown under tax-paid withdrawals for the fiscal years 1901-19 are reported by the U. S. Tariff Commission and represent indicated domestic consumption. The
data include sparkling wines, which were not segregated during this period.Import data are reported by the U. S. Tariff Commission (fiscal years 1901 to 1933) and by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce
(1934-39). They represent imports for consumption for the full period.2 Total and average, 6 months, July-December.5 Revised since publication of the Annual Report of the Commissioner of Internal Revenue.
Table 8.—SPARKLING WINES x
[Wine gallons]
Month
JanuarvFebruarvM"arohApril
JuneJulyAugustSeptemberOctoberNovember _.December
Total
Monthly average.. _
Production
1934
24, 76524, 59142, 56713, 93935, 56347, 321
2 188, 746
2 31,458
1935
36,0705,4816,395
12, 60229, 30032, 08923, 63026, 85459, 68432, 62024, 54039, 348
328, 613
27, 384
1938
17, 76621,91513,44318, 81837,22898,00520, 20123, 22823, 66634, 47438,91155, 767
403,422
33, 619
1937
30, 57017, 64025. 51664, 84985, 67960, 62718, 11114, 76514, 67559, 06343,17839, 842
474, 515
39, 543
1938
30,56623, 94540, 20397, 46373,S7533, 3258,684
23, 49618 30518, 24826, 39336, 886
431, 389
35, 949
1939
14,9779,195
25, 33843, 456
Stocks, end of month
1934
450, 772
1935
463, 678
1936
539,089
536, 008
395, 219
1937
449, 255450, 588455, 260497,388556. 579582,432580, 827574, 722558, 059566, 696545. 6054S8, 227
525, 470
1938
490, 030490,114517, 418603, 052658, 376662,439655, 555664, 385658,519635, 717607, 914553, 651
599, 764
1939
548, 290546,013557, 686586, 763
Tax-paid withdrawals
January -- - - - -FebruaryM arch - - -AprilMay - -June -- -July .August - -- -- -September - - -- --October - -November _ --December
Total - -
Monthly average - -
1934
10,19114,91617, 49724,80348,13273,143
2188, 682
2 31, 447
1935
10,02010, 23510, 77712,13715, 03816, 88314, 26015, 32917, 83925, 73642, 51081,027
271, 791
22, 649
1936
18, 23011, 59513,83516, 52716,03417,05219, 06116, 94927, 83241, 36464, 07197, 526
360, 076
30,006
1937
24, 26315,22918, 33819, 92924, 58026,16919,21919, 73 S28,18S47, 80361. 79S78, 769
384,023
32, 002
1938
23,09022,88912 22511 74317, 08718 62113,51014,18722 76939 58753 58578, 365
327, 658
27, 305
1939
16,00911, 29512 77812 917
Imports
Fiscal Year ended June 30
1902..1903..1904-.1905-.1906-.1907..1908-.1909..1910-.1911..1912-.
1914..
885, 543992, 364
1, 085, 2621,008,1201, 071, 2731,124, 9461, 245, 5251,001, 4301, 068, 4221, 302, 828
674, 967834, 681854, 610789, 918
1915191619171918
1933.1934..
420, 540582, 645618, 237371, 544
2,307349, 749
MonthJanuary...February.MarchAprilMayJune-July. . . .August..September.October
i November.December..
Total
Monthly average
1934
50, 77744, 62837, 44421, 77720, 58023, 40713, 25411,93717,10630, 96741, 34579, 275
392, 497
32, 708
1935
20, 39314,16711,56312, 11316,10119,10512, 43412, 54420, 03829, 66839, 55769, 604
277, 287
23,107
1936 1937
20,27513, 83011, 73215,1647,390
30, 03130, 62923, 07238,04955,189101, 241155, 697
502, 299
41, 858
26. 32418,15725, 79626, 60526,10341.51432, 48935, 20S38,77161,479 !78, 217166,195
1938
22,09020, 03918,91318, 87123, 40927, 38918,18116, 40635, 46160, 45083, 418138, 051
576,858
48.072
482, 678
40, 223
1939
22, 88118,61521,58125, 86936, 858
1 New series. Data are compiled by the U. S. Treasury Department, Bureau of Internal Revenue, except imports, which are reported by the U. S. Department of Corn-merce, Bureau of Foreign and Domestic Commerce. The statistics provide a complete coverage of the industry. All figures except imports are reported in taxable units of vary-ing sizes. Data shown above are converted to an average wine gallon on the basis of 20 taxable units per wine gallon. Imports for the fiscal years 1901-18 are also reported intaxable units and are converted on the basis of 2.4 wine gallons per case of 12 quarts. The two methods yield practically the same results. For the calendar years 1934-39,imports are reported on the basis of wine gallons. For the full period, imports represent imports for consumption.
Available fiscal year totals not shown above, are, in wine gallons: Production, 1933, 28,655; 1934, 532,874. Stocks, end of fiscal year 1933, 262,519. Tax-paid withdrawals,1933, 4,683; 1934, 284,423.
2 Total and average, 6 months, July-December.
July 1939 SURVEY OF CURRENT BUSINESS 19
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 May 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 the1938 Supplement to the Survey
1939
May
1938
May June July August Sep-tember October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
BUSINESS INDEXES
INCOME PAYMENTS!Adjusted index 1929=100-Unadjusted index - doTotal - - ...mil. of doL.
Compensation of employees:Adjusted index. 1929 = 100-Total mil. of dol
Mfg., mining, and construction doTransportation and utilities -doTrade and finance.— doGovernment, service, and other do.Work relief do.
Dividends and interest _.doEntrepreneurial withdrawals and net rents
and royalties mil. of dol-Direct and other relief _ ..do.._Benefit payments under social Security Act
mil. of dol_.INDUSTRIAL PRODUCTION
(Federal Reserve)Combined index, unadjusted 1923-25=100.
Manufactures, unadjusted do. . .Automobiles do—Cement • - doGlass, plate do. . .Iron and steel do. . .Leather and products do. . .Petroleum refiningf . doRubber tires and tubesf do. . .Slaughtering and meat packing do. . .Textiles do. . .Tobacco manufactures do. . .
Minerals, unadjusted do.. .Anthracite „.- . doBituminous coal do. . .Iron-ore shipments .__do._.Lead. do___Petroleum, crude do._.Silver do. . .Zinc.. . — do.. .
Combined index, adjusted . do.. .Manufactures, adjusted do.. .
Automobiles _ do.. .Cement „ do.. .Glass, plate do. . .Iron and steel do.. .Leather and products doPetroleum reflningt do.. .Rubber tires and tubesf - do. . .Slaughtering and meat packing doTextiles doTobacco manufactures do. . .
Minerals, adjusted doAnthracite _ do—.Bituminous coal doIron-ore shipments— .doLead do. . .Petroleum, crude doSilver. do. . .Zinc. do. . .
MARKETINGSAgricultural products (quantity):
Combined index.. 1923-25=100-Animal products do
Dairy products doLivestock doPoultry and eggs _ doWool— _ ..do
Crops.. doCotton doFruits doGrains.- doVegetables _ do
82.279.1
5,178
82.93,6091,126
377642
1,285178435
99390
10292
P 1 0 4172
P 4 082
177
90*> 92
73
10294
J-4655
8199
13572
14519363239280
109
80.476.7
5,020
79.53,4561,022
359635
1,251189440
99285
47
77755932475197
197648277
1659064492859
158
767349694447
105198648477
1639164571960
1569279
7793
13466
11930361228872
117
80.782.3
5,388
79.43,4581,006
360629
1, 266197800
993
49
77755286724687
192708083
1699162516765
156896877744669804691
193708187
1549271573464
1539170
7390
15662
10233356197768
116
80.781.0
5,304
79.83,3571,002
366625
1,175189788
1,02586
48
8179458769
' 5 7102199817990
167••93
39557852
1658464838243717762
103200818397
1549347603854
16199
9285
1366079
4871001981
20563
81.576.1
4,985
81.43,4181,056
373619
1,173197412
1,01585
55
1212039077
1031729738627644
170104
8745678970
1092039089
1101619538643746
16710574
9289
1537273
317966180
15546
82.083.5
5,465
82.53,5701,102
374632
1,265197
1,06784
52
91892686
10775
1192069590
10417710250767848
163977191
107' 7 51032069598
1031609750714150
15810275
11783
137756876
15223590
11087
82.186.3
5,651
83.13,6751,137
386641
1,305206739
1,10884
45
97956391
15588
1112099994
10316110663798652
1631017896958480
15590
1012089995
100150' 9 8
49725050
16110280
13189
1148576
139174267113128
83.280.9
5,302
84.63,6751,145
377646
1,298209450
1,05585
37
10410311583
155'100
10220810010411616710558863569
1635588
1031039684
155' 108
10720810094
11216410257
'764266
16551
8778
116160108154798567
84.190.9
5,955
86.23,7181,166
378683
1,288203
1,079
1,03092
36
11764
15389
1042021121011111451036582
058
1648696
1041049982
153'101
12320111286
11717910966780
571698594
76819167
116687178856261
83.784.3
5,517
85.43, 5801,125
373639
1,250193779
1,01495
39
'100' 9 910542
147' 9 11152051101011141571057483
071
1648694
10110010569
14794
12420511087
10916511069750
701718689
83.577.8
5,093
85.13,5751,146
363631
1, 247188420
957
99
48133' 9 212620210983
11514710566830
7516610893
' 99
13387
12420110983
10916211061790
731G910087
' 8 4 . 2' 8 4 . 3
' 5, 521
' 8 5 . 0' 3, 624
1,160381637
1,254'192
735
1,004
10010010565
13893
12520111484
11215810250770
7017194
9190
13183
12120211489
11016411061770
691738690
6878
10465
1044557359350
107
82.683.0
' 5, 438
83.3' 3, 590' 1,123
'372'644
' 1, 266' 185
720
99094
44
' 9 596
106799188
11219910481
10015188
' 8 3260
7017410294929287818379
1141991049097
164' 9 5' 80
310
7117410191
6581
10362
1237750229550
'Revised. * Preliminary.fRevised series. Petroleum refining, unadjusted and adjusted, revised beginning 1934; revisions not given on p. 59 of the February 1939 issue will appear in a subsequent
Survey. Rubber tires and tubes, unadjusted and adjusted, revised beginning 1936; revisions not given on p. 19 of the April 1939 issue will appear in a subsequent issue. Forrevised income payments beginning 1929, see pp. 15-20 of the October 1938 Survey.
20 SURVEY OF CURRENT BUSINESS Julv 1939
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
May
1938
May June July August Sep-tember October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
BUSINESS INDEXES—Continued
MARKETINGS—Continued
Agricultural products, cash income from farmmarketings:
Crops and livestock, combined index:Unadjusted 1924-29=100.-Adiusted -do
Crops doLivestock and products do
Dairy products - _ _ - -doMeat animals do
WORLD STOCKS t
Combined index (quantity) ._ .1923-25=100.-Cotton adjusted do__Rubber, adjusted -- - doSilk, adjusted doSugar, adjusted - - -do__Tea, adjusted doTin unadjusted - - __doWheat, adjusted do
60.065.049.082.076.583.580.0
211
84
119
60.567.558.077.584.571.575.5
1962403151852021029499
61.072.066.577.080.576.576.0
20325931819219910792
103
72.082.586.578.582.080.075.0
221287316184218115102129
72.572.063.081.084.582.075.5
222281308168221118104146
85.072.561.084.586.587.075.5
207241300172195119105163
91.567.555.580.086.077.577.5
201217294179199126105169
78.069.555.584.085.583.583.5
192202284172188129102169
72.568.055.082.089.578.081.0
189201255164192127105167
68.567.555.580.088.579.067.0
186202268144184132111162
51.060.044.576.585.577.556 5
183204258120187126126151
57.564 049.579.580 084.071 5
181201248111191118127151
55.064 551.578.076 075.070 0
205240101
11C128162
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined index. 1923=100.Clothing. do . . .Food— do . . .Fuel and light - d o . . .Housing do_._Sundries d o . . .
PRICES RECEIVED BY FARMERS!
(17. S. Department of Agriculture)
Combined index 1909-14=100.Chickens and eggs do . . .Cotton and cottonseed d o . . .Dairy products d o . . .Fruits d o . . .Grains do . . .Meat animals do . . .Truck crops do.._Miscellaneous do . . .
RETAIL PRICES
U. S. Department of Labor indexes:Coal:
Anthracite 1923-25=100.Bituminous d o . . .
Food- do . . .Fairchild's index:
Combined index Dec. 31,1930=100.Apparel:
Infants' do . . .Men's do—Women's do—
Home furnishings d o . . .Piece goods do—
WHOLESALE PRICES
U. B. Department of Labor indexes:Combined index (813 quotations).. 1926 =100..
Economic classes:Finished products doRaw materials doSemimanufactures do
Farm products . d o —Grains _ doLivestock and poultry do
Foods. doDairy products doFruits and vegetables doMeats.. . . .do
Commodities other than farm products andfoods ....1926=100.
Building materials doBrick and tile do.Cementf do.Lumber... do
Chemicals and drugs doChemicals do.Drugs and Pharmaceuticals do.Fertilizer materials .do.
84.872.178.184.086.296.6
908572928572112110
89.1
88.488.890.584.1
76.2
79.968.974.363.759.673.268.258.663.878.6
80.689.591.791.591.275.979.471.969.7
86.574.580.883.787.097.6
92987110377791118882
79.1
89.5
97.0
92.784.9
78.1
82.170.775.467.562.377.972.169.158.782.1
81.690.490.590.189.376.881.272.8
86.773.981.983.786.797.5
92
73771169284
75.7i.4
80.2
89.2
96.989.489.391.984.9
78.3
82.271.474.168.762.780.273.168.561.784.5
81.389.790.689.988.776.380.671.969.5
86.573.581.784.186.697.4
951037110179721239987
80.0
89.0
96.888.989.091.584.8
78.8
82.572.374.369.458.384.474.369.556.489.7
81.489.290.791.088.877.781.774.866.9
85.973.480.184.486.696.9
0210569102786211592
78.4
89.0
96.689.089.491.384.5
78.1
81.871.474.467.353.480.673.068.857.386.0
81.489.490.691.090.277.781.474.867.3
85.973.380.485.086.696.8
95118691047563117107
78.488.078.7
89.0
96.588.789.491.184.5
78.3
81.872.074.768.153.081.074.571.155.587.3
81.389.590.990.790.477.381.074.867.2
85.873.279.885.686.696.8
95124721077060111107107
78.1
89.0
96.488.789.490.984.5
77.6
81.170.975.966.850.876.273.571.657.583.3
81.189.891.190.790.377.180.574.967.5
85.673.279.585.986.4
9413173109716011110295
77.8
96.488.789.290.484.4
77.5
80.571.576.267.850.975.274.172.563.081.9
80.689.291.590.690.276.680.273.667.7
85.873.080.386.086.296.8
127701127363109108108
81.889.3
96.388.789.090.484.3
77.0
80.270.975.267.654.474.473.173.960.4
80.389.491.590.690.976.780.073.5
85.472.779.285.986.2
949771109766611296109
77.5
89.1
96.388.789.090.584.3
76.9
80.070.974.967.256.378.071.571.860.981.6
80.289.592.490.691.776.779.773.070.2
85.172.478.485.986.196.7
929170107786611610892
76.8
89.1
90.584.3
76.9
80.270.974.467.254.779.271.571.662.183.2
80.289.692.491.292.676.379.472.769.3
84.972.378.085.886.196.7
918871100816611611483
80.889.4
89.1
96.288.488.890.584.3
76.7
80.270.174.665.854.578.270.264.863.282.5
80.489.892.591.592.176.579.972.269.7
t Revised series. Combined index of world stocks revised beginning January 1920; see table 5, p. 17 of the January 1939 Survey. For subsequent 1938 revisions in thecombined index and in the rubber index, see p. 20 of the June 1939 issue. Cement price index revised beginning 1926, and data not shown on p 20 of the May 1939 Surveywill appear in a subsequent issue; the building materials group and the combined index of all commodities have not been revised, as the effect of the change in cement priceson these indexes is small. F
§ Data for June 15,1939: Total 89, chickens and eggs 83, cotton and cottonseed 73, dairy products 94, fruits 93, grains 73, meat animals 107, truck crops 109, miscellaneous 81
July 1939 SURVEY OF CURRENT BUSINESS 21
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
M a y
1938
M a y June July August Sep-tember October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Contd.Commodities other than farm products and
foods—Continued.Fuel and lighting materials 1926=100..
Electricity . doGas doPetroleum products do
Hides and leather products _ .do .Shoes . doHides and skins doLeather do
House-furnishing goods doFurniture _ _ - doFurnishings do .
Metals and metal products do _Iron and steel doMetals, nonferrous ._ . do _Plumbing and heating equipment
1926=100..Textile products . do_.
Clothing. _ doCotton goods _. do *.Hosiery and underwear doSilk and rayon _ _ . _ do.Woolen and worsted goods do
Miscellaneous - doAutomobile tires and tubes doPaper and pulp do
World prices, foodstuffs and raw materials:Combined indexf 1923-25=100..
Cotton__ _ _ _ . doRubber «. doSilk do ._.Sugarf - doTea do ._Tin doWheat. .__ do . . .
Wholesale prices, actual. (See under respec-tive commodities.)
PURCHASING POWER OF THEDOLLAR
Wholesale prices.. 1923-25=100..Retail food prices doPrices received by farmers _. _-.doCost of living do
73.9
52.591.6
101.372.183.185.581.089.893.595.773.1
79.367.581.763.360.240.775.474.260.580.4
41.335.337.637.640.568.997.540.4
132.1130.7163.4119.9
76.286.488.356.491.3
102.563.482.187.283.690.896.7
101.868.8
77.266.182.265.060.528.476.073.157.486.9
38.830.927.122.426.275.373.362.9
128.9126.4159.7117.5
76.485.090.456.390.1
101.862.381.687.183.590.796.1
100.967.2
77.265.582.263.959.727.675.672.957.485.5
39.630.929.422.527.170.980.364.0
128.6124.7159.7117.2
76.884.791 056.891.5
101.270.882.586.482.290.595.297.271.8
79.566.181.765.159.829.975.972.757.482.8
41.232.736.025.328.270.586.362.4
127.8125.0154.8117.5
76.881.688.156.791.9
100.875.682.186.482.290.595.497.372.9
79.265.981.764.459.829.276.372.457.482.4
39.130.937.724.328.176.386.153.9
128.9127.6159.7118.3
76.681.888.756.492.0
100.875.782.486.282.190.295.597.373.5
78.565.881.664.159.929.576.372 457.481 9
38.329.837.825.228 978.486 350 2
128.6127.1154.8118.3
75.481.887.153.893.4
100.382.184.685.782.189 395.396.976.2
78.566.281.664.659.930.976.372 657.481.7
37.831.639 625.926 872.990 046 7
129.8128 0154.8118.5
73.781.884 651.594.6
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
73.282.781.650.993.1
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
72.8
82.250.493.1
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
73.0
81.850.791.9
101.172.884.285.280.589.894.396.176.5
79.266.181.563.758.834.774.773.559.781.1
37.833.137.329.530 967.090 841.1
130.9130 2159.7119.5
73.1
82.250.991.8
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
73.4
51.990.9
101.268.382.885.481.089.694.096.174.7
79.366.981.663.460.237.875.274.460.581.1
r 38.432.437.233.435.269.693.938.5
132.1130 5165.3119.6
CONSTRUCTION AND REAL. ESTATE
CONTRACT AWARDS, PERMITS, 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):f
Total projects number.Total valuation .thous. of dol.
Public ownership. _ .do.. .Private ownership «, do.. .
Nonresidential buildings:Projects number.Floor area thous. of sq. ft..Valuation thous. of dol
Residential buildings, all types:Projects number..Floor area _ thous. of sq. ftValuation __ thous. of dol__
Public utilities:Projects number..Valuation _ thous. of dol__
Public works:Projects number..Valuation _ 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..
' Revised.
v 61» 55
23. 244308, 487134, 757173,730
3,45712,70076, 749
18,26232, 602133, 818
25121, 779
1,27476,141
61445137
17, 465283,156143, 700139,456
3,26813, 78777, 771
12, 20920, 55083,153
21343,699
1,77578,533
63,016123, 732
14, 30865, 111
10, 78731, 529
37,92127,092
63465442
18,194251,006107,777143, 229
3,49914,42981,803
12,67321,27585, 682
195
1,82774, 832
62, 382143, 394
14,99572,056
10,63543, 335
36, 75228,003
65495949
17, 648239,79997, 838141, 961
3,18811, 57972,563
12,75721,57987,978
15113,431
1,55265,827
57, 652163,186
14,21490,722
9,57045, 309
33,86827,155
526653
18, 770313,141171, 099142, 042
3,41614,74487, 316
13,48823, 57499, 732
27437,980
1,59288,113
65,492159, 455
16,10688,117
11, 69943, 313
37, 68728,025
79567856
16, 926300,900160,125140,775
3,36315, 59991,997
11, 60021, 78199,574
28826,167
1,67583,162
64, 203158,492
15,05885,079
12,00347,180
37,14226, 233
78568257
19, 664357, 698203, 359154, 339
3,59423, 223131,020
13,90727,177112, 673
33521,176
1,82892, 829
69,615164, 244
15, 76178,394
13,01156, 310
40,84329, 540
85549656
17, 772301, 679178,948122, 731
3,58521, 515116,008
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, 503139, 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
6,44961, 399
20,80124,537
63517358
13, 015220,197110, 975109, 220
2,34812, 78369,544
19,17679,020
27318, 518
72553,115
37, 721149, 572
11,47685, 719
5,69037, 730
20, 55526,123
586955
20, 233300, 661127, 776172, 885
3,59217,94497, 786
15,43830, 725125, 225
25919, 640
94458, 010
62, 303177, 903
18, 63594, 374
10,49652, 886
33,17230, 643
'76'68••67'58
22, 282330, 030159,656170, 374
3,40016, 56394, 656
17, 38728, 382114,405
32335, 336
1,17285, 633
62, 775165,978
17, 69787, 441
11, 52044, 830
36, 55833, 706
p Preliminary.fRevised series. Data on world prices revised beginning 1920; see table 4, p. 17, of the January 1939 issue. Construction contracts awarded have been revised for the
period 1925-36, and will be shown in a subsequent issue of the Survey. The revision was occasioned by the reclassification of certain items in the nonresidential, public works,and public utilities groups. The 1937 figures shown on p. 24 of the May 1938 issue and 1938 data given in that and in subsequent issues had previously been revised to thenew basis. See also the appropriate note in the 1938 Supplement. The data on building permits are based on reports from 1,790 identical cities having populations of 2,500or more, and supersede those shown in 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 62additional cities, but the total estimated cost of permits issued was increased by only 0.2 percent in 1937. Data beginning January 1936 will appear in a subsequent issue ofthe Survey.
22 SURVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August Sep-tember October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
CONSTRUCTION AND REAL ESTATE—Continued
CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED—Con.
Estimated number of new dwelling units pro-vided in all urban areas:!
Total _ number1-family dwellings __ _ __ do -2-family dwellings doMultifamily 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 alleysd* . do
Status of highway and grade crossing projectsadministered by the U. S. Bureau of PublicRoads:
Highways:Approved for construction:
Mileage no. of milesFederal funds thous. of dol._
Under construction:Mileage . . __ .no. of milesFederal funds . thous. of dol._Estimated cost - do
Grade crossings:Approved for construction:
Federal funds _. do __Estimated cost do
Under construction:Federal funds doEstimated cost__ do
CONSTRUCTION COST INDEXES
Aberthaw (industrial building) 1914=100.American Appraisal Co.:
Average, 30 cities . . 1913=100Atlanta do._New York doSan Francisco __ do .St. Louis do
Associated General Contractors (all types)1913=100._
E. H. Boeckh and Associates, Inc.:Apartments, hotels, and office buildings:
Brick and concrete:Atlanta U. S. av., 1926-29=100New York. doSan Francisco do.. _St. Louis do
Commercial and factory buildings:Brick and concrete:
Atlanta _ doNew York doSan Francisco doSt. Louis do
Brick and steel:Atlanta __doNew York doSan Francisco . . . . doSt. Louis - do
Residences:Brick:
Atlanta doNew York do _San Francisco.. . . doSt. Louis do
Frame:Atlanta.. . _ doNew York doSan Francisco doSt. Louis do
Engineering News Record (all types) §1913=1OO_.
REAL ESTATE
Federal Housing Administration, home mort-gage insurance:
Gross mortgages accepted for insurancethous. of dol_.
Premium paying mortgages (cumulative).do—
252, 992
4,4582,1792,280
3,61540, 769
8,463122, 758238, 637
10, 22410, 583
43, 77145, 723
182168193169185
188
95.3130.6117.0118.6
97.6133.4121.4119.7
95.6129.8115.3118.5
86.1123.1104. 7110.3
82.8121.998.7
107.2
234.7
73, 7011,546,237
183, 806
5,3064,543
763
5,01151,158
8,031129,160236,044
10,69011,674
45,16246, 755
182168193162186
189
95.8127.0116.1118.7
97.9128.4121.0122.8
97.5127.5116.8121.5
83.2121.0105.3108.0
80.4118.397.4
102.8
236.8
61,775958,471
223,066
8,4326,2012,231
5,00251,299
8,991135,164254, 869
12,09012,782
42,45243,594
192
181168192162184
188
96.4129.2116.1118.6
98.5131.4121.0119.9
98.1129.6116.8120.8
84.3121.3105.3106.9
80.9118.897.4
102.8
236.9
74,191997,850
25, 96315, 3841,0569,523
223,333
5,1943,5111,682
4,72853,137
9,278134,900257,078
12, 83613,676
41,03142,058
181168191164184
188
96.4128.2116.0118.3
98.5130.3120.9119.6
97.8128.1116.2119.4
85.3121.1105.4107.4
82.2119.397.5
103.3
232.3
60,4191,038,627
25, 81817, 2621,4167,140
236, 271
7,2474,5482,699
4,10948, 958
9,521135,158260, 494
11,41612,136
40,39941, 298
181167191164184
188
96.1129.8115.9118.5
98.2132.7120.9119.8
96.7128.9115.6119.8
85.6122.3105.4108.8
82.3120.097.5
105.1
232.4
67,8781,082,454
25, 68416,1151,1688,401
289,725
5,0643,2131,851
3,46343, 373
9,418133, 337256,592
12, 56113, 370
37, 67638, 567
189
181167191164184
188
96.1129.9118.0118.5
88.2132.7121.0119.8
96.7129.0116.2119.8
85.6122.8105.4108.8
82.3120.597.5
105.1
232.7
68,3441,131,404
23,64816,8571,2905,501
235,898
4,6712,8711,800
3,33738,572
8,872130,841252,852
12,11212,877
35,45136,387
182167192166184
188
96.2129.7115.9118.7
98.2132.4120.9119.8
96.8128.9115.6120.1
86.0122.6105.4109.9
82.8120.497.5
106.5
234.3
64, 6271,189,823
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
84.6121.297.5
108.1
234.4
58, 2501,244,141
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
188
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
51,0581,300,446
22,16713, 3061,1967,665
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
42. 2181,355,829
26,14912, 3051,210
12, 634
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
41, 2241,400,212
28, 54719, 3091,3887,850
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
63, 4861,450,575
240, 735
3,3852 0811,304
3,08135, 600
8,301120, 505232, 772
12,10712, 529
40, 65442, 654
182168193169185
188
95 3T 130.0' 117.6r 119.1
'97.4' 132. 7r 122. 3* 120.1
'96.0* 129. 5r 117.7' 120 6
r 85 0r 122. 5r 106. 6
110 3
r 81.6r 121 4
98.7107 2
234.9
64,8951,496,794
§ Index as of June 1, 1939, is 235.0. r Revised.KData for June, September, and December 1938 and March 1939 are for 5 weeks; other months, 4 weeks.cfData for streets and alleys, formerly shown separately, are available in total only subsequent to December 1938.X Monthly data for the period Jan. 1937 through June 1938 are in process of revision and will be shown when available. Revisions in data for January 1937 to September
1937 are minor; revisions in figures for the period October 1937 to June 1938, available at the present time on a quarterly basis only, are as follows: Fourth quarter, 1937—total,39,518; 1-family, 26,928; 2-family, 2,520; multifamily, 10,070; first quarter, 1938—total, 42,352; 1-family, 28,585; 2-family, 3,142; multifamily, 10,625; second quarter, 1938—total,61,869; 1-family, 45,865; 2-family, 3,965; multifamily, 12,039.
July 1939 SURVEY OF CURRENT BUSINESS 23
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
M a y
1938
M a y June July August Sep-tember
Octo-ber
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary March Apri J
CONSTRUCTION AND REAL, ESTATE—Continued
REAL ESTATE-ContinuedEstimated new mortgage loans by all savings
and loan associations:!Total loans thous. of doL.
Loans classified according to purpose:Mortgage loans on homes:
Construction. doHome purchase - doRefinancing do,,.-.Reconditioning, _ 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, es-timated 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.
!9,123
26, 64631, 28915, 6876, 0699,432
36, 35835, 42617, 339
1,117,228
157,911
2,091,324
187165
27, 032
72, 279
19,40024,12315, 2815,4168,059
24, 72131,19616,362
930, 300
186, 507
2,281,884
194181
22,918
73, 067
19,89225, 63613,8855,2118,443
26,31030,35016,407
947, 500
196, 222
2,265,153
189177
19,474
67, 639
19, 09621, 92413,1945,3978,028
23, 82328,97314,843
961,300
191,889
2,248,982
161153
20,435
74, 709
22, 57523, 83314,7015,5288,072
26,85829,50618,345
976,074
189,415
2,234,899
169161
20,821
71,647
21, 01825, 69812,4164,7917,724
25, 65029,25516, 742
994, 218
189,548
2,221,417
169157
23,373
72,931
22, 09924,67712, 9135,7277,515
26, 53430, 54615,851
1,011,087
189, 217
2,203,896
153142
24, 798
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
2468,920
159151
32, 758
55, 567
16,09917, 50311,7493,3896,827
20,89423,07111,602
1,040,770
178,852
58,309
16,02719,11812, 5513,5937,020
22,29824,19111, 820
1,051,109
170, 614
2,149,038 2,134,261
154 154145 138
27, 615 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,
1,089,870
157,176
2,105,824
164'141
27, 062
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes (with adjustment for sea-sonal variations):
Combined index 1928-32=100..Farm papers doMagazines do..,,.Newspapers . 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 .do. . . .Electric household equipment doFinancial doFoods, food beverages, confections doHouse furnishings, e tc doSoap, cleansers, etc doOffice furnishings, supplies doSmoking materials doToilet goods, medical supplies doAll other do
Lineage, 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
84.469.080.378.090.5
289.3
7,00074566
074
2,242DO
8570
9211,844
186
15. 7152,854
921757435
2,0131,035
471233692
2,2494,0562,356
112, 37722, 69289, 6856,0751.615
IS, 53863, 456
2,190
80.067.275.074.785.0
250.5
6,051639
568722
2,122A
6620
7241,482
257
14,5641,968
898657410
2,035954396206914
2,1733,9532,658
109,90622, 69587,2115,6761,396
18,31061,830
69.7
1,940
79.566.873.074.876.6
281.0
5,524557
347227
1,949AU
6470
6781,374
187
11,3161,474
706365356
1,657560418122777
1,8942,9872y202
98,51921,33177,3884,3401,556
16,25355,039
69.3
1,877
77.455.874.772.574.7
261.0
4,493374
331022
1,434ou
5800616
1,236188
8,4111,268
25798
3111,654
217284
41651
1,5402,0901,602
83,65320,30163,3523,0311,869
13,02845,424
68.2
1,774
80.379.374.575.277.0
274.7
4,530352
370
271,380
AU
6240
6721,242
195
7,380888341
19266
1,353130275116705
1,3441,9431,472
86,10220,80865,2932,6231,201
12,17549,295
68.4
1,818
82.158.873.578.976.9
260.0
4,781447
300
211,543
06110655
1,308166
9,846769822136341
1,516599355228734
1,6422,7032,112
103,86921, 37682,493
2,3661,209
15,88863, 031
69.3
1,614
78.464.773.673.877.7
242.3
6,509626
180
192,103
48626
0853
1,851365
13,6681,6301,022
342444
2,073862398223889
2,2613,5242,318
113,55822,41191,147
4,9321,732
18, 41166,073
69.9
1,723
83.665.782.079.965.9
257.6
6,713600
180
262,157
39674
0861
1,990349
13,4122,142
689312426
2,1436793(53225829
2,2103,3942,251
113,45720,23393,314
6,6081,449
18, 74966, 509
70.9
1,793
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
76.457.672.671.572.2273.6
7,02364725041
2,318497140
8362.045348
8,0231,18627267320
1,457194211122654
1,2662,2741,929
87,41819, 55667, 8612, 4462, 30112, 77150, 343
70.8
2,210
79.559.978.474.273.8
265.6
6,567617
330
532,194
39691
0796
1, 859285
11, 5361,475
495195376
2,099377500148591
2,1833,0962,294
86, 65118,31868, 3333,4581,403
14, 02449, 448
'70.4
1,821
84.456.480.479.882.0
262.7
7,404747
500
642,501
38818
0885
2,020281
14,2432,153
829395431
2,255636421220748
2,5373,6172,591
111,81522,14789,6684,7681, 695
17, 41465, 792
70.4
2,226Business incorporations (4 States) number..•Revised.tRevised 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.
82.266.280.676.089.0
253.3
6,678657250
542,241
39746
0870
1,781264
16, 8182,9971,020
2,1801,025
468203684
2,5084,4192,715
111,16022, 82488, 3356,0552,105
17, 65562, 520
70.2
1,874
24 SURVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August Septem-ber
Octo-ber
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary March April
DOMESTIC TRADE—Continued
POSTAL BUSINESSAir mail:
Pound-mile performance millions..Money orders:
Domestic, issued (50 cities):Number- . . - . . . thousandsValue.
Domestic, paid (50 cities):Number .Value _ _
Foreign, issued—valueReceipts, postal:
50 selected cities _ . _50 industrial cities
..thous. of doL.
__ .thousands....thous. of dol..
do
thous. of dol_.do
RETAIL TRADE*
Automobiles:Value of new passenger automobile sales:
Unadjusted 1929-31=100. _Adjusted do
Chain-store sales:Chain Store Age index:
Combined index (20 chains)av. same month 1929-31 = 100_.
Apparel chains dnGrocery chain-store sales:
Unadjusted.Adjusted _ _ _ _ _
Variety-store sales:Combined sales of 7 chains:
Unadjusted __ .Adjusted
H. L. Green Co., Inc.:SalesStores operated
S. S. Kresge Co.:SalesStores operated.
S. H. Kress & Co.:SalesStores operated
McCrory Stores Corp.:Sales _Stores operated „_
G. C. Murphy Co.:Sales
.__ 1929-31 = 100..do
do _do
thous. of dolnumber
._thous. of dolnumber..
..thous. of doL._ number
thous. of dolnumber
t.hnns nf dnlStores operated. number..
F. W. Woolworth Co.:Sales thous. of dol__Stores operated number
Restaurant chains (3 chains):SalesStores operated
Other chains:W. T. Grant & Co.:
SalesStores operated.
J. C. Penney Co.:SalesStores operated
thous of dolnumber
..thous. of dolnumber..
thous. of dolTiiimhfir
Department stores:Collections:
Installment accountspercent of accounts receivable. _
Open accounts doBales, total U. S., unadjusted-_1923-25=100..
Atlanta - _ _ doBostonChicago.Cleveland .DallasKansas CityMinneapolis „New YorkPhiladelphiaRichmond . .St. LouisSan Francisco
dodo -
. „ dodo
1925 = 100. .1929-31 = 100...1923-25 = 100..
dodododo
Sales, total U. S., adjusted _doAtlanta __ - doChicagoCleveland __ _DallasMinneapolis.View YorkPhiladelphiaSt. Louis . _. __ _San Francisco
dododo
1929-31-100. . 1923-25=100
do .dodo
Installment sales, New England dept. storespercent of total sales_.
Stocks, total U. S., end of month:Unadjusted 1923-25=100..Adjusted do
4,24839, 229
13, 72499, 757
30, 9223.687
106.178.5
110.0119.0
102.9101.4
95.895.7
2,733133
11,401682
6,818239
3,300202
3,741201
24, 7252,005
8,496491
22, 2331, 545
87118758989
10586948570
115
851168884
105948871
9.0
P 6 8P 6 6
1,303
4,00238, 111
12, 78997,2832,070
' 28,2613,485
75.557.0
103.3109.4
95.093.6
90.790.7
2,383133
10,253681
6,507239
2,909201
3,160201
22,7142,011
3,246340
7,214480
' 18, 8541,528
15.745.2
80107678079
103798581
'6099778778
1067974
103' 8 5
84' 5 9
7790
8.5
7169
1,255
3,95637, 450
13, 366100,250
2,220
28, 0073,500
65.050.5
106.3109.7
93.692.2
90.995.7
2,496133
10,643680
6,235239
3,200200
3,294201
23,1492,010
3,054343
7,608483
20, 3221,531
15.445.2
79947482759072928563
103698082
1048478
1019389637590
7.3
6568
1,199
3,72035, 862
11,97592, 7852,151
24,6023,303
61.456.5
108.1120.0
89.291.0
88.098.9
2,366133
10,004681
5,822239
2,946199
3,301201
22, 7332,010
3,017343
6,971484
18,2581,530
14.943.5
5879466059726168624672587383
1138378
1039688658589
9.4
6167
1,273
3,84237,238
12,54398,0062,097
26,6093,446
49.254.5
106.0116.0
88.592.2
85.296.3
2,315133
10,179682
6,336238
2,960200
3,087201
22, 5662,011
3,193338
6,834484
19,0681,533
15.942.4
65100557265837481644881638683
1288778
1089386628390
14.7
6567
1,235
3,77536,651
12, 84699, 4702,606
29, 5173,472
37.160.0
109.4122.0
93.094.9
94.198.5
2,513132
11,125685
6,179238
2,955200
3,308201
23, 4912,013
3,269340
7,653484
22, 3811,537
15.842.0
91120
739689
11788
1079467
110938286
1279386
1059890688779
11.5
7067
1,299
4,17039,485
13,989107,933
1,985
30, 8503,728
55.185.0
108.0120.0
94.994.4
98.296.7
2,833132
12, 353685
6,827238
3,294200
3,811201
26, 7742,017
3,460337
8,970487
26, 8201,538
17.046.6
92126869187
11392
1099875
127929184
1068282
1009285658188
11.1
7467
1,252
4,06737, 996
14,028106,097
2,280
31,4263,568
99.1100.0
109.5121.2
96.796.7
102.2100.2
2,819133
11, 972686
6,613238
3,186200
3,594201
25,2952,018
3,275336
8,635489
27,1961,539
17.047.1
99126
869693
1188996
10682
11895
10289
1118888
1059689688296
10.3
7867
1,431
4,65442, 202
15, 793113,841
7,717
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
17,996491
38, 9281,539
17.246.4
15620313815715218215114716412720914316289
11-99493
1059792708795
7.1
6266
1,244
4,23439, 227
12,93994,1762,142
28,5373,667
70.891.0
107.5118.0
93.596.4
73. 698.7
1,998133
8,801680
5,055238
2,535202
2,686201
19, 6532,014
5,531489
16, 5231,539
16.447.1
6991646967876775684977697788
1158688
1149186688794
11.6
6067
1,221
4,14036,900
12, 37188,734
2,027
27,7103,493
71.296.0
108.8112.7
98.798.2
79.795.5
1,959132
9,058681
5,163238
2,738202
2,752201
20,6862,011
5,748489
14, 6131,540
16.243.9
69101546771896463715275687987
1158487
1058686687994
11.8
6568
1,447
4,66241, 891
15,307109,980
3.170
33, 4783,979
106.988.5
109.8130.0
100.599.5
85.098.8
2,442133
10, 606683
5,969238
3,196202
3,205201
23,1042,012
7,164489
18,7361,542
18.646 6
82116
6892829987978065
105
8488
1259899
1059391708893
10.2
6968
4,17138,119
13,16495,899
29,8303,618
' 106. 479.5
110.0117.6
102.099.0
'97 .6'97 .1
2, 869133
11,940683
6,315239
3,648202
3 848201
25, 9192,008
8,376489
21 2811,544
17.245 3
8811975
' 8 992
10482978667
r 102899088
1158684
1049589688692
8.5
69'67
«• Revised. Preliminary.•The following reports, showing percentage changes in sales, are available at the Washington, D. C , office of the Bureau of Foreign and Domestic Commerce, or atof its District Offices: (1) Chain drug stores and chain men's wear stores, (2) Independent stores in 27 States and 4 cities, by kinds of business, (3) Wholesalers' sales
kinds of business, (4) Manufacturers' sales, by kinds of business. 'any itby kinds of busine
July 1939 SUKVEY OF CURRENT BUSINESS 25
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
M a y
1938
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
RETAIL TRADE—ContinuedM ail-order and store sales:
Total sales, 2 companies thous. of dol_.Montgomery Ward & Co doSears, Koebuck & Co do >.
Rural sales of general merchandise:Total U. S., unadjusted.. . . 1929-31 = 100..
Middle West doEast. do _South doFar West .- do
Total U. S., adjustedf doMiddle Westf doEastf doSouthf _ . doFar Westf . do
101,93042, 32359, 613
120.5113. 3118.8137. 6131.8131.2119.6129.1162.2146. 6
DOMESTIC
79, 61336,15043, 463
103.596.1
104.7113 7119.3
T 112 8' 101.5' 113.8' 134 1' 132.7
79, 56535, 74543, 820
106.299.4
107.5132.0125.8
' 116 5' 105. 3' 117.1' 139 3' 1 32. 0
TRADE—Continued
65, 39229. 07536, 316
84.877 782.292 9
105. 8' 116 2r 105 3' 115. 5' 136 8' 129. 0
72, 78332,84939, 934
98.290.095.0
104.1125.7
' 120 1' 109.1' 119. 2' 144 3' 136. 4
87, 72238, 55649,167
121.1107. 9117.6148.9141.6
' 114 6'105 3' 119.6r 134 9' 121. 0
100, 01246, 66753, 345
140.9123.3139.8189. 3153.4
r 108 5r 97 1
r 108. 6' 127 7r 127.7
93, 51042, 29551, 215
147.2135 7144.1177 816L5
' 113 1' 103 5r 111.8' 129 5' 133. 1
125,70657,08568, 622
183.6166. 4195.9202.8211.0
' 114 8' 106. 7' 117.6' 135 0' 129. 3
58,32024, 76933, 551
91.384.187.8
111.3100.2
' 120 0T 109.9'115.6' 140.7' 136. 4
59,86524, 96434, 901
100.189.197.9
134.8105.7
' 123. 7' 112.1' 119.6' 147. 8' 142.9
85,49735, 73049, 768
115.0105.2118.6141.5118.5
r 131.0' 118. 7' 132.0' 156. 6' 144. 0
92,83141, 59551, 236
120.2110.2116.6144.8125.8
' 130. 8' 118.0' 122. 4«• 164. 3' 140. 9
EMPLOYMENT CONDITIONS AND WAGESEMPLOYMENT
Factory, unadjusted (U. 8. Department ofLabor)f 1923-25=100
Durable goods doIron and steel and their products, not incl.
machinery 1923-25=100-Blast furnaces, steel works, and rolling
mills 1923-25=100Hardware. _ doStructural and ornamental metalwork
1923-25=100.Tin cans and other tinware. . do
Lumber and allied products do . . .Furniture. . . . . doLumber, sawmills do
Machinery, not incl. transportation equip-ment . 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 _ . doChemicals and petroleum refining do
Chemicals _ doPaints and varnishes... doPetroleum refining doRayon and allied products do
Food and kindred products doBaking _ doSlaughtering and meat packing do
Leather and its manufactures do . . . .Boots and shoes do
Paper and printing doPaper 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)t__....do
Durable goods __1 doIron and steel and their products, not incl.
machinery . 1923-25=100__Blast furnaces, steel works, and rolling
mills 1923-25 = 100..Hardware.._ _ _ . _ _ _ . doStructural and ornamental metalwork
1923-25=100..Tin cans and other tinware do
Lumber and allied products do—IFurniture. doLumber, sawmills do
Machinery, not incl. transportation equip-ment 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 products1923-26=100-
Radios and phonographs do .Metals, 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
90.183.2
87.4
91.476.0
67.789.365.170.953.4
94.8
117.5
85.9
97.9
84.595.492.498.972.553.491.690.293.196.7
111.6114.5118. 4117.1308.1116.7145.595.286.685.9
105. 9106. 781.267.196. 388.4
112.662. S90.482.2
86.8
9176
6891
65.08052
94.4
114
85
93
84108
93.198
69.85190
86.289
83.475.0
80.7
85.863.5
59.787.561.070.051.1
89.7
133.8
78.1
90.1
81.076.381.887.366.048.480.768.268.691.5
108.8109. 6114.9120.9283. 8113.6141.891.986.087.6
103.4102. 971.460.487.478.0
107.263.883.774.1
80.2
8563
6089
60.97350
89.1
130
78
86
8087
82.486
63.44680
65.165
81.672.4
77.8
82.361.3
58.388.960.770.850.1
86.1
125.2
75.3
85.5
77.481.679.885,765.848.379.362.461.590.3
105.2109. 7113.0121.1265.4119. 4144.293.581.882.5
101,9101. 970.660.484,677.299.764.882.471.9
77.8
8361
5887
59.97348
86.0
124
75
82
7783
81.386
63.24578
61.160
81.970. 3
76.7
82.256. 5
59.191.460.771.249.8
82.9
100.6
73.0
82.1
75.881.879.186.164.648.874.755. 553.192.9
105. 0107.8110. 8121.8270. 5128.6145.094.789.361.4
101.5101. 668. 760.786.680.498.961.582.970.7
77.3
8357
5886
60.27349
83.3
103
73
81
7682
82.087
63.44676
66.955
85.771.7
79.4
83.860.6
59.899.564.076.052.4
84.1
99.8
74.0
82.6
77.188.983.089.066.349.978.751.048.099.0
108.1110.3110. 6121.9293.9138.3144 594.292. 794.6
302. 7102.872. 560.695.185.1
110. 364.384. 972.0
79.4
8462
5890
61.97550
84.7
106
74
83
7782
84.490
64.04678
65.955
88.875. 3
81.7
84.766.9
60.597.665.879.053. 5
85. 5
90.3
77.4
83.1
77.793.587.992.767.851.282.163.764.9
101.7113.0112.5112.5121.0315.2142.7145 695.592.393.8
104. 3104. 075.961. 997.986.6
122. 16<>. 386.975.7
80.9
8567
6889
63.27651
85.2
96
77
83
7881
86.793
65.44882
74.279
89. 579. 0
83. 9
86. 179.5
61.186. 265.779.753. 1
87. 2
93.7
80.7
83.4
77.5108.092.296.470.152.087.579.486.399.4
113.4114.8112.9119. 5314. 4128.8144.397.489.689.9
105. 5104.877. 763.597.587.2
119. 666.387.577.9
83.1
8679
6084
62.97551
86.8
99
80
86
7889
89.095
67.84987
81.689
90.582.1
86.5
89.884.4
60.784.665.279.552. 3
89.5
96. 6
83.2
83. 5
78.9118.895.4
100.571 652.492.191. 6
101 998 4
113.0117.2112.4118 9312.8123.4144.6100.784.883.3
107.0105.982.466.196.989. 5
112.060.990.081.3
86.2
9084
6087
64.57653
89.1
99
83
88
79106
92.3101
71 15292
89.999
91.283.1
87.4
91.186.3
61.984.164.179.850.9
91.8
105.5
83.9
85.3
81.7118.095.0
100.270.551.393.096.1
106. 898.8
112.7116.9112. 4118. 1311.3120.1143 5102. 488.687.6
108. 0106. 383.657.298.691.8
112. 265. 291.683.2
88.1
9286
6388
65.37953
91.6
105
84
88
82111
93.5100
72.05393
93.9104
89.581.6
85.9
90.984. 7
61.782.861.976.349.1
91.4
111.4
82.1
87.1
81.8108.492.298.366.448.989.695.8
106.197.1
112.0115.5111.8117.1313.2113. 7140.399.892.992.7
105.7105. fi81.167.197.590.8
111. 059. 291.783.6
87.7
9285
6389
66.37954
92.1
109
83
93
82114
93.799
73 65794
93.3102
90.782.6
87.2
91.583.2
64.083.762.678.849.1
93.4
121.5
83.6
90.6
83.4102.593.698.866.6
'48.189.595.9
104.498.4
112.1116.1112.5116.4319.1111.0141.594.6
' 96. 7'97 2105.9106.381 566! 1
101.292.1
' 120.162! 491.383.4
87.6
9183
6790
65.68053
93.9
118
84
92
83116
94.099
71.55590
92.199
91.483.5
88.3
92.283.0
66.285.562.678.949.1
94.7
124.8
85.2
93.8
84.198.994.399.269.649.790.695.7
103.898.9
114.4116.5114.9
' 116.3' 316. 9
112. 0142.192.597.6
'98 5105.9105.982 867.2
101.491.2
123.059.591.083.0
87.7
9182
6890
63.78050
94.9
118
85
92
84118
93.998
71.85489
90.497
'91.284.1
88.3
92.380.7
'66.9'88.2
64.3'77.9' 51.8
95.1
123.8
'86.1
'96 .3
84.5'94.6
93.4'98.4'72.7
53.6'91.9
95.4102.198.0
'114.9114.9117.6
'116.1' 315. 4
114.0142 091.8
'94.0' 94.5
' 105.9' 106. 3' 82.1
67.298.6
'88.8' 119.0' 61 8
90.983.2
'87.6
9180
68' 9 1
'64.68151
94.9
116
86
' 9 2
84* 11393.6
97' 72.2
5491
90.496
' Revised.tRevised series. Data on factory employment, unadjusted (U. S. Department of Labor) revised beginning 1933; see table 76 on p.13 of the November 1938 issue and
table 1, p. 15 of the December 1938 issue. Factory employment, adjusted (Federal Reserve), revised in its entirety: data not shown m table 76. p. 13 of the November 1P38Survey, or in table 1, p. 15, of the December 1938 issue are available upon request. Rural sales of general merchandise adjusted for seasonal variation revised beginning Jan-uary 1934; data not shown above will appear in a subsequent issue.
157200—39 4
26 SURVEY OF CURRENT BUSINESS Julv 1939
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
M a y M a y June July ! August Septem-ber October Novem- Decem-
ber ber
1939
Janu- Febru-ary ary March April
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, adj. (Federal Reserve) f—Continued.Nondurable goods 1923-25=100..
Chemicals and petroleum refining doChemicals doPaints and varnishes doPetroleum refining doRayon and allied products do
Food and kindred products doBaking -doSlaughtering and meat packing do
Leather and its manufactures do...Boots and shoes __do__.
Paper and printing _._do.-.Paper and pulp ___.._do_..
Rubber products do__.Rubber tires and inner tubes do._.
Textiles and their products -do...Fabrics do._.Wearing apparel -do...
Tobacco manufactures do__.Factory, unadjusted, by cities and States:
City or industrial area:Baltimore 1929-31 = 100.Chicago 1925-27=100.Cleveland _. .1923-25=100..Detroit do._.Milwaukee- „..1925-27= 100New York „ doPhiladelphia 1923-25=100.Pittsburgh... _ . . -do. . .Wilmington do__.
State:Delaware - - - - do...Illinois 1925-27=100.Iowat 1923-25=100.Maryland 1929-31 = 100.Massachusetts.— 1925-27= 100..New Jersey. 1923-25= 100..New York. 1925-27=100...Ohio . . ._ ...1926=100Pennsylvania „ 1923-25=100..Wisconsin! 1925-27=100.
Nonmanufacturing, unadjusted (U. S. Depart-ment of Labor):
Mining:Anthracite - 19J9=*i00.Bituminous coal ___ do. . .Metalliferous do .Petroleum, crude, producing _. do..Quarrying and nonmetallic do. . .
Public utilities:Electric light and power, and manufactuied
gas . l'J?M= 100Electric railroads, etc . . _ . . do.Telephone and telegriph.. _.do.
8er vices:Dyeing and cleaning do. . .Laundries . . . doYear-round hotels . . . . .do _.
Trade:Retail, total - . do . .
General merchandising do ._Other than general merchandising- do_ _
Wholesale do .Miscellaneous employment data
Construction employment, Ohio W2C = io<»_Hired farm employees, average rer 1!>I firms
Lull b< rFederal and State highway employment
Total nuifiiprConstruction (Federal and State; do .Maintenance (State) _ 1 > __
Federal civilian employees*United States do .
District of Columbia.- do .Railway employees:
Class I steam railways1
Total „ tbousandsIndex:
Unadjusted 192r<-'2<^ ionAdjusted . do..
Trade-union members employedAll trades.. _ .percent of total-
Building _ do .Meta l . _____ _. do.Printing _ do __Allother . _ _ . . .do
On full time (all trades) ____ do . .
' Revised.1 Discontinued by the reporting s< urce.tRevised series. Iowa emj k j nu'i.t r( visf r
adjusted, beginning 1929, to fond? UKiio'ted bytory employment, adjusted (Federal !*•».«"•**» ) r
98.3112.9
115114118314
123.614697
87. 887
106107
81.167
96.689.0
112.263.7
91.770.0
62.492.985.590.065.891.0
96.677 6
95.871.778.080.585.074.984.5
n (,M o45 I
42 0
_ 0 l
J( tI K ,
L>0
92.9110.2
110110122290
120.014293
87.189
103.7103
71.360
87.678.6
106.664.8
87.467.572.358.580.777.282.563.076.8
83.773.1
123.090.865.772.572.878. 070.381.7
82 25S s7} 243 7
<4 771 675 0
iO'i ('9o l93 7
S> s
" 2 V •>
»15, v " J
? % l, ?
92.4108.4
110109120274
121.214394
84. 485
103.0102
71.360
87.479.3
104.165.2
84.565.772.554.988.674.680.059.376,3
84.071.4
124.088.762.372.971.576.0PS. 982.4
r)6 uso 2r.o 072 s44 '5
v>2 2
7(M |74 < i
I
94.5108.3
106110121272
122.214495
88.490
103.0102
69.561
92. 183.4
109. 861.9
83.664.770. 047.885.373. 180.75U. 876.4
86.670.0
123. 988.163.2
72. _75, 461). 291.3
4'» 772 -!44 1
7071
10S b
* 1
7 ' <
97.2111.0
110113121292
123.014495
89.691
103.7103
73.461
96.487.2
115.762.9
85.165. 474.056. 885. 981.782.960.877.6
99. 572.0
125. 190. 070. 074.776. 477.671.786. 0
37 680 1M 47_ \41 6
J2 ,(M •)7} «
so 0
97.6111.4
111114120312
122.214396
91.392
104.0104
76.062
97.087. I
117.964.3
87.267 276.972. 184. 487.784.462. 178. 8
94.273.7
126. 991.971.875. 780. 380. H73. 4S3. 1
4P 4
V 2"i r.14 ^
1 i > ' > • | •
i i * o I - I I i l "
- , o t i t 1 , r .
*2 1bv 3
96.7111.2
113113119313
119.214297
90.891
104.3105
76.864
95.686. 3115.463.2
86.868. 779.488.085. 488.386. 164.481.0
87.774. 4
130. 591.372.475, 280. 882.374. 481.4
44 4
92 r
it )
71 7
I f ' ) S
82 iS'» 1
i f r.
98.3111.8
117114118310
122. 814399
91.492
105.4106
81.766
96.788.6113.663.7
86. 569.680. 697. 689. 086. 188. 105. 982.2
87.875. 3127.990 872.676 980 38-1. 975. 481. 5
1tM "
99.5112.3
117114118310
124. 21449y
92.192
106.0106
83.267
98.990.3116.464.2
70. 682.3
102. 992, 486.990. 966 486.9
91.976.1131.091.673.877.781.3Sn. 470. 282.4
T2 3
i'i 471 3
()7 9'oi 1' - I
99.5112.3
117115118310
124.214396
92.893
106.0106
81.367
98.490.0116.064.5
84.869. 781. 8100. 890. 685.489.665.387.7
92. 775.2127.689.473 076. 780.084.974. 680.6
(,: 038 6
QM 0f)() 274 1
9» 2°] 3
} I S O (
' l - S i I
So! 312120 22'
91S
98.7111.7
118114118314
121.114494
92.893
105. 9106
81.266
98.589.8116.763.5
86.770.481.899.393.689.191.566.089.3
94.376.8128.092.474.677.681.886.076. 382.7
52 2r .S 6' 60 /M6 4'37 9
F9 6fr» 373 A
92 192 S
87 9
28 6
(^
98. 6112.0
118115117313
122. 614494
93.293
106. 3106
82. 367
97.789.2115.560. 3
89.270.682.397.7
'94.890. 591.060. 790. 6
95. 277. 8
129! 094, 574.877.982.787.]70. 583. G
'87.401. 0
89. G09. u
r 73.4
95. 492. 992. 7
' S3. 8
SI. 3' S7. 4
0)r176 0""> r 109.loo
7,201
5? 7
51 8
8")66798"90Ch
879,504
960
53. 154.0
98.2112. 8115116117322
• 122. 314395
r 91. 792
r 106.3106
'81.467
96.4'88.3' 112.8
03.2
90. 369.882.296.094.588. 0
'CO. 8r 67. 2' 92.1
'97.077.6131. 1
82.087.0
S3. 7
53.2' 26. 2' 01.5' On 9'43.0
SO. 3' 09. 1' 74. 1
' 102. 2' 93. 5' 93. 2
' 85. 295.8
' 82.487. 3
35. 3
(0
187,52378, 394
109,129
880, 202121,993
53. 253.6
877183909169
hegn;r i DF J u l v H<'uJ r . t n . * I . -irx
vis d; t( e fo- tii-1". <>
re v i -;:Or PCtiars.eu
-r,.1- a1? »'•:-lv v n oi
' v r t > I > r<
| i l ' of ?!
r ' * i b . l>"'
. • * ' '
.c 1f t ! :
S ' • v ci'.?,f. fs^ue. Wisconsin employment and payrolls have beenPurvey ^ ill upbear in a subsequent issue. For data en fac«
July 1939 SURVEY 01-' CUMitfN'T UU. 27
Monthly statistics through D i ^ m b s - lvj7, to- | iO.il)gether with explanatory notes an<I ?> . T* iic<-to the sources of the ddf "si^ hf found in th1038 Supplement to the Survt*}
1939
Junober
Decem- Janu-ary
Febru-ary March April
EMPLOYMENT CONDITIONS AM) WAGES—Continued
LABOR CONDITIONS
kvernee weekly hours per worker in factories:National Industrial Conference Board (25 in-
dustries) hour* .IT, S. Department of Labor (87 Industries)^
hours..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 Service, United States:
Applications*Active file doNew ..do
Placements, total doPrivate do
Ratio of private placements to active filepercent.
Labor turn-over in mfg. establishments:Accession rate-__rno. rate per 100 employees..Separation rate:
Total doDischarge doLay-off __..doQuit .do . . .
PAY ROLLSFactory, unadjusted (U. B. Department of
Labor) t 1923-25=100..Durable goods do
Iron and steel and their product?, nor Incl.machinery 1923-25=100..
Blast furnaces, steel works, and rollingmills ___J923-25«100_.
Hardware... doStructural and ornamental metalwork
1923-25=100..Tin cans and other tinware do
Lumber and allied products doFurniture doLumber, sawmills do
Machinery, not incl. transportation equip-ment 1923-25= 100__
Agricultural implements (including trac-tors) 1923-25= 100..
Electrical machinery, apparatus, and sup-plies 1923-25=100..
Engines, turbines, water wheels, and wind-mills .1923-25=100..
Foundry and machine-shop products1023 2.*-100
Radios and phonographs _(io___Metals, nonferrous, and products., do
Brass, bronze, and copper products do .Stone, clay, and glass product0 do_._
Brick, tile, and terra cot+a . . . do. .Glass do..
Transportation equipment doAutomobiles d'>___
Nondurable goods _ _. do ._Chemicals and petroleum, refining _. do.._
Chemicals. _ ._ (\o___Paints and varnishes do _Petroleum refining doRayon and allied product". dn . . .
Food and kindred products d«>_.Baking _„_ d^_._Slaughtering and meat p^cl ing., do . . .
Leather and its manufacture^. A
Boots and shoes..„ . doPaper and printing __. _ io
Paper and p u l p . . . . >4r>Rubber products . ]r>
Rubber tires and inner tubes. _ . . ^Textile? and their products ._ d<-
Fabrics _. __ d«»Wearing apparel _ . . . . f* >
Tobacco manufactures . . . . d •>Factory, unadjusted, by cities and Qtvtp»:
City or industrial area;Baltimore __lf'"» *;--•<Chicago i92,*> 17=" 1
Milwaukee . '" »i\Tew York .__ . . . .Philadelphia.. . i$.:?-"Pittsburgh . . . . _Wilmington. .
State-Delaware.Illinois . " _ . " " " - . / . " . " . " . " I 0 1 ' ''Maryland. _ T '>Massachusetts ''*-* •New Jersey . . . ! '_1J 1New York lf* A -Pennsylvania _. _ir 'Wi^consinf ._-___. 1 •)'" '-
p 235p 375
p 00
P 4, 200
6, 38751 0333242
3.8
84.479. 5
78.6
80.375.1
59. 697.058.363. 350.4
94.9
126.0
87.1
117.1
F0 183 4S7 19" 1oi s4') -)91 Shi 3Ss~ IM j C)
1 1 ' J>
l i , i
- 100
(J 0 . .
(."i
- ' *
i
- ( , J .
* !
? 1: - „ s
\ t
32.7
34.4
800495
83125
1,174
7, 525077239159
2.1
2.84
4.57.13
3.82.62
72.964.2
62.7
62.953.2
48.891.850.550.445.4
80.6
137.2
68.4
97.1
70.06f> 869 076 057.735 779 159 5K 882 0
11 \ 7116.8liy. 513V) ft257 911" 8UJ .KM h<U 9F7 t.
33. 1
34.4
219424
5396
871
7,831803246164
2.1
3.44
4.41.11
3.69.61
70.861.7
59.1
58.152.4
46.792.651.252.445.4
76.4
124.1
89.4
P5 771 660 372 550 43f 077 057 454 4*0 i |
21-- 8 1l!s 1 !i i ' . e
1U4* 7 I
33. 8
34.7
2083.S7
8. 088705228156
1.9
4.81
3.81.09
3.13.59
70.658.6
57.4
56.848.3
48.894.448.751.341.6
72.7
64.1
85.9
63.772.467. 077.953. 135 \(>9. 151 04" 484. 1
111 1114 f.in j
21 5\l\ *iJ4. Sir- 9
i 9 4is o
S^ 1
7 1 f»
35. 2
36.3
20243-1
4S81
831
8, 119623271190
2.3
5.29
3.08. 10
2.33.65
76.963.7
65.3
65.357.6
51.2107.058 162.550.2
76.1
95.6
67.7
67.275. 574.183.450.537.278.649. 947 0iP. 7
lln 9
1 2 {
2*9 0 |
ri7i« 0 '
<n 1 I
us t) }I,'1 > |
36.2
36.9
222384
133990
7, 96(5523281203
2.5
4.51
3.56.12
2 62.82
81.068.7
68.6
87.665.7
49.7103.060.068. 150.6
78.6
87.1
73.0
90.0
88.183.581.489.158. 33«. 682. 664.7W 3(M 9
us 9ll'i 41J4 5i\i b\^ 21 U 71U 5luv 7
36.7
37.4
250400
,58113842
7,743505292208
2.7
5.19
3.30. 12
2.40.78
83.875.2
74.9
73.986.3
50.589.260.068.450.4
81.9
92.4
78.0
90.4
69.497.988.596.263. 040. 692.983.891.393. 4
12c. 1
u: b
1-7 01> .r)1 1 ' . < )
i 'J, H
)$ '
; - 5
IH ii <. -, i i ' _> '»
|7 |
5?M.NJ..
r';r-7"
(i I
it iI !
<" !
'/ 1" !4 '
5".S4.^•^'.
8 5.73.75.
727
y
• ' ; : |
36.9
36.5
207372
4375
658
7,529503251178
2.4
4. 24
3.14.10
2. 44.60
84.178.3
79.1
81.993.2
50.187.556.264.946.4
83.9
95.0
80.4
91.6
70.6106. 990.299. 863.839. 098.695. 9107 690 0'<) 12S 1
• > ' , t)
Is I77 37S (tfit S
9 r . 8:.;». 98( '. 0iC.O84 57S 670. 4
t * 3 !i:> o I7: 973 i
36.6
37.1
177310
3802
513
7/216477230161
2.2
3.22
3.88.09
3.21.58
86.580.4
80.8
83.290.1
53.287.956.167.844.9
89.4
114.4
82.7
98.0
75. 9107.690.398. 903. 539.499. 497 9
107 11'J 1
l . ' O 11 )v> S
l i " 4
I I I i
?> .2 \\J) 91 >i >
1 ! 2 ~>
7 0 f.
I , i ,-S
l ')7 *Ui', \
S.U (,
7'J 0t ' 3hi 1Si 0f / J r)
99.45s. 592. 87y 0KK 0SO. 084.2
7;» 5f \ 9
101 9bP 577 b75 ^""). HSo. 8
36.6
36.3
' 164«• 284
4970
' 512
7,434044199130
1.7
4.09
3.19. 10
2.24.85
83.476.6
77.7
82.181.8
51.886.652.060.342.4
87.4
112.7
80.6
98.4
74.896.884.693.050. 830.792.093. 5
101.391.0
119 b1/7 9na i13! r,30 » ol l u . 3i;;t I
in I77 .">72 (,
10- 210J h
70 2SI 07x 9VJ 449 7
96.057.188.877.087.779.184.9
79.003. 297. 908. 3
| 75.974,473.579 5
36.8
36.9
r 175'298
••65' 8 4
r 537
7,080483181126
1.8
3.06
2.61.10
1.87.64
' 85.4'78.4
79.8
'83.478.9
54.685.853.066.041.1
'91.7
131.9
' 83.5
106.9
78.087.788.396.458.035.693.391.897 3
r 9 ?. 1r HO q
12() (>u;» 7
' 132.4311.4112.1K0 (>101.38.'. 3
<• 7M 6
1 0 2 ,-5
11 •) 1
M 012 9S7 SSI 297 750.9
99.557.395.482.090.282.885.8
79.665. 1
102. 270.977.276.7
1 76.285.7
36.9
37.1
'179'298
' 4 160
'584
6,749500254185
2.7
3.34
3.18.13
2.23.82
8 6 980.1
81.6
84.881.9
57.692.653.966.142.4
'94 .2
136.7
' 86. 5
112.1
79.585.189.598.6
'61 .7' 37.2
95. 3r 92. 0' 97. 0
94.0121.6130. 9120.4
'131.5'313.4
113.9138.01C0. 683 2
' 80.1104 2105. 585.470.189.079.4
104.851.5
103.259.0
•94.780.991.183. 588.2
81.707.3
105.371.279.079.4
'77.686.7
36.8
36.4
P 2 2 0*350
i>420P 4 4 5
v 6, 000
'6,545478
'271195
3.0
2.95
'3 .46.10
2.60'.76
'84.9'80.2
80.1
82.8'76.7
'59.5'94.0'55.7'63.5'46.3
'93.8
134.9
'85.7
' 115.1
'78.9'80.8'86.2
95.9'62.6'39.6'89.4' 94. 4' 99. 5'90.2
' 120. 5127.9
'123.2'128.5' 304. 4' 114.0'135.7
' 99. 5'74.5'70.1
'103.3' 104. 6
83.0'73.6'79.8
73.9'88.8
53.0
102.557.394.779.587.3
'81.1'90.0
'83.460. 2
' 104.568. 277.176.4
'74.585.3
' Revised. v Pre'i "'^ *r
fKevised series Date on »i cii r.v i * ' r' 1'• 11 i" I • i>? cf *, r i n n.\ i«en t x p n r v c L'-<J3; see table 77, on p. 17 of the November 1938 Survey and table 2, p. 16 of theDecember 1938 issue. For V Ivor's"! pl-% •• ' ' ) «*r« !<»Tr re n f\rki t< v,H) ». ' " " CT p _«.
^ Current are figures not strictly comparable with tho^e prior to Jui j 1'job, revised series will be shown when available.
28 SURVEY OF CURRENT BUSINESS July 1939
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 M a y June
1938
July I Septem-I ber October Novem- Decem-
ber ber
1939
Janu-ary
Febru-ary March April
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY EOLLS-Contlnued
Nonmanufacturing, unadjusted (U. S. Depart-ment of Labor):
Mining:Anthracite 1929 = 100..Bituminous coal ...doMetalliferous.._ _ _do—Petroleum, crude, producing do... .Quarrying and nonmetallic . . d o —
Public utilities:Electric light and power, and manufactured
gas . ,_-.1929=100_.Electric railroads, etc d o —Telephone and telegraph _do—
Services:Dyeing and cleaning __.„ d o —Laundries doYear-round hotels - . . d o —
Trade:Retail, total . _do_._.
General merchandising _ do._,.Other than general merehandising.-do
Wholesale do
WAGES
Factory average weekly earnings:National Industrial Conference Board (25
industries) _ dollars..U. S. Department of Labor (87 industries)t
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 d o —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 doMetals, nonferrous, and products__do
Brass, bronze, and copper productsdollars.
Stone, clay, and glass products doBrick, tile, and terra cotta doGlass _, do
Transportation equipment doAutomobiles _.do
Nondurable goods— doChemicals and petroleum refining.-do
Chemicals _doPaints and varnishes doPetroleum refining doRayon 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 _.__, . .doPaper and pulp do
Rubber products .__ doRubber tires and inner tubes.. . . .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 Labor (87 industries)!dollars..
Durable goods doIron and steel and their products, not in-
cluding machinery dollars..Blast furnaces, steel works, and rolling
mil l s .—. . ...dollars-.Hardware _ . . .doStructural and ornamental metal work
dollars..Tin cans and other tinware do.__.
Lumber and allied products .doFurniture doLumber, sawmills do . . .
' Revised.
57. 017. 553.961.339. r>
99.470. 995.4
82.583.982.0
71.887. 668. 575.0
38.355.351.266.738.3
97.471.291.3
80.780.980.5
70.084.467.075.1
23.38
22.4324.29
22.75
23.0820.37
25.7722.8919.2117.8919.42
24.96
28.37
24. 27
27.78
24.7421.6422.55
23.7823. 1219.1723. 4428. 1427. 6520. 6428. 5029. 6328.1735. 7822. 3425.-JO25.8428.3816. 6615. 1227.4123. 2023. 3926. 6715. 2315. 1215. 5216.31
.718
. 650
.72]
.837
.649
49.757.046.167.6 j37.3
98.869.790.9
83.381.879.6
69.584.366.473.8
23.74
22. 3024.22
22.17
22.2120.77
25. 2622. 6219. 5218, 42
19. 76
24.68
27.36
24.49
26.9824.3022.0722. 20
23.1422.7719.4323.4829,6429. 4920. 5228. 8029. 9027, 7935. 2622. 4221, OS25. 7628. 1910. 3014.7127. 0422.8923. 7527. 3515.0315. 2914.3116.91
.719
.648 !
.718 i
.763
.841
. 653
20.256.838.066.737.0
69.090.9
77.583.077.4
68. 180.465.673.6
23.93
22.0623.53
21.7020.77
26.0122.4418.6417.8718.29
24.34
27.05
24.33
27.05
23.9922.1122.93
24.7421.9018. 8322. 15 !29.4329.56 I20. 8328. 4829.4027.3831. GO22 0824. 5325. 7928. 63IS. 5217.4827. 1023 3724. 8425. 4315. 6715.7215.5017.18
.713
. 635
.704
.753
.840
.652
722610531543518
.728
.602
. 531
.531
.527
.728
. 5Si)
.511
. 522
.502
20.064.243.766.839.2
69.591.3
74.383.177.4
66.878.864.373.7
24.93
22.9024.98
24.11
24.7023.06
26.9423.4021.0220.4320.90
25.08
26.43
25.28
28.13
24.8721.2024.14
25.6322.7719. 5623.9531.2232.3321. 2529.0230.3927. 3935. 2524.16 !23. 18 I25.3327.9319.8018.8527.4821.2625.3928.73 !16.8716.5617. 6816. 89
.711
.629
.702
.753
.835
. 657
.731
.597
.523
.522
.519
29.471.946.166.538.4 i
98.468.492.6
81.781.478.9
69.485.366. 174.3
25.73
23.3225.80
24. 59
25. 2523.86
25.9322.8521.3121. 5020.88
25.57
26.07
28.00
25.0222.2125.14
26.3223. 0019.7724. 1332.6433.8121.3328. 3629. 9027. 7034. 5821. 0223. 4325. 8628. 6618. 9817.8727.9123. 9226.9131.2717.0316.4318. 6816. 96
.714
.632
.708
.753
. 839
.658
.726
.599
.526
.524
.525
43.478.349.263.739.2
99.968.995.3
78.079.5
70.888.367.275.1
26.14
23.9526. 95
25.94
26.7926. 32
26.1222.5021.0920. 7720.94
26.07
27.11
26.71
28.01
25.5422.5326.06
27.2823. 9620.3725.4733.8834.9821.3528.4130. 8827.8334.4523.6324.1125.3028. 5118.3216.9728.1424. 8527.2731.2517. 0016. 6518.0116.84
.714
.637
.710
.753
.839
.680
.720
. 606
. 520
.518
.520
36.281.452.363.337.2
98.668.893.0
73.979.381.3
71.591.867.375.4
26.32
23.8227.11
26.64
28.4826.79
26.0722.5019.9119.7519.57
26.04
27.08
26.69
28.35
25.5122.4025.70
27.1423.8219.4625.6833.6434.8920.8528.2630.2227.3434.8623.7424.2225.2127.5417.2215.4127.5823. 7827.5832. 7716. 3516. 3516. 3516.55
.714
.645
.724
.757
.842
.725
. 6G7
.533
.524
.537
42.580.954.162.533.7
98.269.792.5
68.380.081.1
79.2122.970.175.7
26.02
24.3127.34
28.91
28.4925.31
27.1822.7620.1420.6019.27
27.00
29.85
27.26
29.73
26.4822.6225.81
26.9224. 0320.0625. 7632.7233.2221.5328.5230. 7227.8035. 3023.8024. 7525. 2627. 6918.6217.112S. 6123. 8528, 4!)33.7617.0016. 8217.6116. 92
.713
38.078.255.36 0 930.2
95.971. 192.0
65.879.680.2
69.784.066.775.5
25.95
23 8626.65
26.37
28.1823.42
26.5922.7819.8119.1319.86
26.55
27.92
27.17
29.21
26.1122.1521. 85
25.7922.9819. 6524.7231.3231. 5521. 2S28.6330. 6327.3435. 7524.2224.9625. 4728. 0519.71IS. 5427. 8023.8227. 7232. 5916.7516.5517.3815.59
.648726
. 757
. 842667
.727' 608532
.526533
. 651
.729
' .757
.835
.660
.731
.613
.541
.521
.550
45.281.253.462.729.7
96.469.991.7
63.278.682.8
68.481.065.874.6
26.11
' 24.06••26.85
' 26. 70
'28.4723.04
26.9322.3319.8020.2618.83
'27.27
29.96
'27. 63
30.50
26.6921.1525.48
26.42'23.43'19.4725. 0430.6930.8021.49••28. 4630.8927.84
'35. 2324.1524.8325. 4026. 98
'20. 19'19.1327. 8924.1627 2831'. 68
'17.35' 16.81'19.03'15.19
.713
.649
.726
.754
. 835
.651
.729
.610
.525
.523
.523
34. 2'77.853.6
* 61. 333.1
96.870.5
'91.9
67.779.381.1
' 69. fi' 83. 466 8
r74. 7
26. 25
24. 23' 27.10
27.01
28.8123.93
27.5423. 5720.0220.2019.34
' 27. 67
30.19
' 28. 09
30.92
27.0221.1425. 67
26.98' 23. 7219.5925. 30
'30.81' 30.8721.01
' 28. 4331.0828. 30
' 35. 20r 24. 2425. 0025 5227.' 3220. 1219. 1728. 3724. 43
' 27. 40' 32. 54' 17. 3816. 5619.9110. 22
.715
. 651
.835
. 655
.731
. 608
.533
.527
.533
45.317.9
' 52. 6'60.8'35.9
97.0'69.6'92.1
'73.3'79.9' 81. 9
'71.2' 85. 9' 08.1'74.8
26. 27
23.8226.98
26. 45
28.0723.05
28.0623.1920. 0819.7419.94
27.48
30.00
27.57
30.94
26.7921.1924.89
26.4322.9619.4623.3731.8832.4720. 9327.9130.8128.2434. 3923. 6424.5725. 1127.2318.7317.5828.0824.1127. 0031.4816. 3615. 8717.8416.05
.648
.726
.753
.835
.655
.731
.611
.539
.532
.542t Revised series. See note marked witb a " t " on p. 29.
July 1939 SURVEY OF CURRENT BUSINESS 29
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
193S
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
J a n u -a ry
Febru- March
EMPLOYMENT CONDITIONS AND WAGES—Continued
Apri l
W A GES—Con tin ued
Factory average hourly earnings—Continued:Q. S. Department of Labor (87 industries)t—
Continued:Durable goods—Continued:
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 doMetals, nonferrous, and products..do
Brass, bronze, and copper productsdollars..
Stone, clay, and glass products .doBrick, tile, and terra cotta doGlass do
Transportation equipment „ doAutomobiles do
Nondurable goods .doChemicals and petroleum refining..do
Chemicals .. .doPaints and varnishes _._.__.doPetroleum refining ...doRayon 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 doPaper and pulp do
Rubber products doRubber tires and inner tubes do
Textiles and their products doFabrics doWearing apparel. do
Tobacco manufactures. _ doFactory average weekly earnings, by States:
Delaware... 1923-25=100..Illinois 1925-27=100..Massachusetts doNew Jersey 1923-25=100..New York ..1925-27=100..Pennsylvania.... 1923-25-100-.Wisconsinf 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)fdol. per month,.
Railway wages (average, class I)dol. per hour..
Road-building wages, common labor:United States, average dol. per hour..
East North Central. doEast South Central.. doMiddle Atlantic —.doMountain . doNew England ..doPacific— — . . . .doSouth Atlantic doWest North Central.-... . doWest South Central . . . .do
ALL PUBLIC RELIEF
Total, exclusive of transient care and adminis-trative expense t 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 do_-_Operated by other Federal agenciesf-do
National Youth Administration:Student aid , doWork projects f do
Other Federal work and constructionprojects f . _. mil. of doL.J
92.893.5
92.6
.6821.44
0.729
.796
.749
.776
.713
.607663
.714
.640
.518
.698
.885
.920
.588
.757
.789
.693
.975
.646
.624
.615
.688
.522
.484
.769
.623
.769
. 950
.479
.473
.491
.462
86.386.888.0106.088.290.293.9
.6731.40
.729
.40
.59
.28
.48
.50
.45,66.27.45.36
281
0.727
.781
.747
.783
.714
.599
.660
.709
.641
.518
.705
.889
.925
.587
.770
.793
.697
.978
.648
.614
.613
.690
.514
.486
.774
.625
.770
.945
.479
.473
.489
.457
85.085.988.8104.888.788.8
r 92. 9
.6771.42
37.28
.722
.41
.58
.28
.49
.56
.44
.66
.28
. 46
.37
' 294
42••37
2 j
18
138
4237
17
146
r Revised. • Less than $500,000.f Revised scries. For factory weekly and hou
ferred from "engines, turbines, water-wheels, and windnshown when available. Beginning July 1938, ''stamped ;and steel product?," and "railroad repair shops" have beewill be shown when available. In addition to these changes which aindustries combined and for the manufacturing groups are in the pro<when available. Farm wages revised beginning 1913; data not showwith January 1933; figures not shown on p. 29 of the April 1939 SurSecurity Bulletin for April 1939. The revised series differ from thosethe earnings of all other persons employed on work or construction
0.724
.781
.742
.785
.710
.610
.668
.714
.633
.511
.704
.883
. 930
.583
.773
.787
.707
.988
.645
. 599
.612
.691
.£15
.492
.767
.619
.774
.945
.482
.468
. 508
.460
84.786.790.4
105.489.786.7
r 89. 3
.6771.43
. 726
.42
.62
.28
.49
.55
.44
.66
.27
.46
.37
20
1514
40 I
0. 720
.768
.738
.787
.709
. 595
.666
,715.634.511.712.883.936,578.763.785. 700.986. 639.586.615.689.616. 493.760.617.760.941.489,464. 531.462
78.488.792.3
105.991.491.9
r 93. 5
.6771.43
.714
,43.62.28.49.55.4466
.27
.47
. 30
294
4236
1
307
4336
i
20
163
4
0.721
.771
.737
.788
.710
.594
. 661
.713
.632
.536
.707
.897
.933
.577
.744
.781
.699
.9S4
. 638
.576
. 610686
.524
. 501
.765
.613
.758
.946
.492
.462
.539
. 458
82.588.9
93. 6106.9
93. 8
92.5
93.5
.6771.43
36.09
.727
.42
.59
.28
.50
.55
.45
.2746.38
311
4335
1
19
1655
(a)
0.717
.777
.732
.785
.709
.577
.659
.709
.640
. 526
.716
.878
.906
.579
.736
, 775
.694
.976
.639
. 508
.609
.685
. 530
. 506
.764
.613
. 756
.944
.486
. 459
.531
.456
85.5
90.793.5
110.5
92.896. 0
r98.9
.6821.43
.725
.41
.59
.28
.50
.54
.46
.68
.28
.47
. 36
320
4435
1
20
1715
2
35 I
4
39 38
0. 720
.794
.730
.786
.711
.582
.662
.710
.645
.531
.722
.906
.932
.580
.744
.776,C95.979.641.612.611.685.533. 508.762.612. 756.952.478.460.510.462
85.290.191.5108.690.796.799.4
.6821.43
.735
.40
.59,29.50.55.47.70.27.46.36
326
4436
2
21
1725
24
39
0.721
.803
.736
.793
.712
.582
.667
.707
.651
.537
.723
.898
.924,584.743.781.699.974.641.619.615.679.526.499. 771.' 613.764.961.482.461.521.469
89.292.694.3111.593.398.8
r 101.0
.6821.43
34 92
.735
.38-63.27.51.53.50.66.26.43.36
325
4541
2
19
1685
24
37
0.724
.794
.744
.788
.713
.591
.668
.701
.651
.540
.728
.899
.921
.585
.744
.780
.699
.980
.637
.628
.617
.683
.525
.498
.765
.616
.768
.957
.484
.462
.525
.481
89.091.393.8110.293.098. 197.8
.6821.43
.740
.37
.59
.28
.52
.53
.51
.66
.27
.42
.35
316
4644
2
21
1565
24
36
0.725
.804
.743
.787
.711
.577
.665
.704
.648r. 542.720'^97.924.586.742.780.697r.970.640.632.615.684.520'.488.768.611.760.953.489.461.539.474
88.392.095.3110.893.7100.3102.7
.6801.43
.750
.35
.60
.28
.56
.51
.48
.67
.27
.41
.38
310
4645
2
21
150'4
24
34
0.728
.803
.745
.788
.715
.578
.669
.705
.651
.544
.716
.898r.926.586.734.780.698.973r.643.629.615.689.517.492.771.614.765r. 957.491. 462.541.474
89.693.995.4112.895.9101.2102.9
.680
.144
35.42
.726
.35
.60
.27
.57
.54
.50
.6527!40.37
318
4646
2
18
158'5
24
35
0.726
.788
.712
.586
.668
.704
.648
.535
.707
.896
.925
. 582
.732
.780
.697
.973
. 647
.627
.613
.694
.518
.4P2
.770
.612
.761
.947
.479
.457
.517
.475
89.792.593.4
110.793.197.5
102.8
.6831.44
.39
.62
.30
.54
.55
.57
.67
.28
.42
.37
308
4641
1466
39
§Construction wage rates as of .1earnings and hours worked per v
, common labor $0,684, skilled:ry classifications have boon re
1 K 1 \ ,( ' ( >IIOI IH 1) R« \ i s
1( SiM i l <.
pui l I that the31 n nc d ui \ ]\o\ oi m p u i Lorn 1
i f m d from "l c i> i ti 1 "it n\
1) ( M t u n«uLP ui mo^t in t a
Data on ill pu'MiOil Kcord
dd't on to cuinnc-,of pei^on
f 'lov «? " h i c t o i "' h n boon ti ins-oftli( \5 T(h !')•>) l su( will bo
11 MI
onferrous metals" to "ironaverages prior to July 19383S for the 87 manufacturing>es are small will be shown
blic relief revised beginning! obtained from the Social
:ertified as in need of relief,i il fund? A\ ACOII in w tck l j earnings re\iov,d bog m m n g
August 1937; data not s , ibo\e will appear m
30 SURVEY OF CURRENT BUSINESS July 1939
Monthly statistics through December 1837. to-gether with explanatory notes and referencesto the sources of the data may be found in the1988 Supplement to the Survey
103S 11)39
M a y Till; her October berDecem-
berJanu- Febru-
ary March April
FINANCE
BANKING
Acceptances and com'l paper outstanding:Bankers' acceptances, total mil. of doL.
Held by Federal Reserve banks:For own account . doFor foreign correspondents _..do
Held by group of accepting banks:Total.. . mil. of dol__
Own bills.. doPurchased bills ..._ do
Held by others ..doCommercial paper outstanding ... do
Agricultural loan? outstanding of agencies su-pervised by the Farm Credit Administra-tion:
Grand total . roil of doL..Farm mortgage loans, total do____
Federal land barks doLand Bank Commissioner do
Loans to cooperatives, total • doBanVs for cooperatives incl. Central
Bank . . mil of doLAgricultural Marketing Act revolving
fund . mil. of dol..Short-term credit, total do
Federal intermediate credit banks, loansto and discounts for1
Regional agricultural credit corps.,prod, credit ass'ns, and banks for co-operatives c? 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.. doOutside 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 doBills discounted do . . . .United States securities do
Reserves, total doGold certificates do
Liabilities, total _ doDeposits, total do
Member bank reserve balances totalmil. of dol_.
Excess reserves (estimated) doFederal 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__. do.__TJ. S. Government direct obligations_.doObligations fully guaranteed by U. S.
Government.. mil. of dol_.Other securities 1 . . . . . .do
Loans, total 1 - doCommercial, industrial, and agricultural
loans 1 mil. of do!_Open market paper doTo brokers and dealers in securities
mil. of dol.Other loans for purchasing or carrying secu-
rities mil of doLReal estate loans. doLoan? to banks d^_..Othe~ loans 1 . _ do . . .
Money and interest rute1**Bank rates to customers:
In New York City.. porr^nt.In ekTht other northern and e«rtern cities
TUMTJ-T.tIn twenty-seven sou them and wester n c iei?«.
percentBond yield* (Moody ' - ) :
Afift - . ._ d o . .Bia_ do .
Discoun t -a te (N Y K R. "Hunk) doFederal hii'd > \!*k loinq _ __ d<> .Feclera1 interr>rdi;ile credit bank loan* d o . . .Open market r.'»*<3*. ,\T Y. C •
Acceptances, prirnrs hankers wf>.._ .ChlMo^ns, r?new»l (NT Y S Fl/)_ __iiCommerce 1 paper prime 0 - 6 m o ^ ' b ^
PO" CrUt.Time loan*. 90 dnyr (\T Y. S. Fi )____do._-Treasury hi lK Ql iln\< (vieM) u ;Treasury no tes 3-.* years <'y:eH) ir>
247
0
0
10212468
3.1672, 6711, 948
72384
60
23412
18738
18310
1265480
31,92814,16517, 763
16, 922
2, 57314
2,56413,67313,32616, 92211,535
10,0294,2204,47785.4
16, 9655, 2356, 675
13.5548, 237
2,0553. 2628,126
3,822308
1, I r.f'
1,5.:'i
(0
0)
0)
2. 07
r. 07
l.nsl.bu
1.0(1
A :;. 42
268
0
2
21813980
3. 3352,8112, 020
791104
78
25
420
20241
18015
1285696
28, 84i12, 82816,013
14,179
2, 58219
2,56411,03010,64814,1799,212
7, 6652, 5684,15782.5
14, 5895,2165, 832
12, 2027,844
1,4112, 9478, 334
3, 992365
603
i , Kof.
11 l
1, 521
2. 10
3. 27
4 ib
P.
o2
2101357652
3, 3362, 8042,018
786106
81
25
426
20843184151285694
32, 79715, 63717,160
14, 214
2,59618
2,56411,04110, 64514,2149,247
8,0242, 8754, 14982.4
15, 0365, 2395. 7S0
12, 2407, 770
1,4882, 9828,321
3, m n840
2 V
; • • ; : •
I ( ' ! !
01
2171338447211
3,319?, 795'2,014
782100
75
25424
1994318414
1275693
30, 50513, 82816,677
14,285
2, 58917
2. 56411,04910.64214, 2859,270
8,1643,0224, 13582.4
14, 9515, 1935, 92712, 3957, 655
1,6463, 0048, 165
3, 865336
602
258
0
216129
42209
3,3072, 7862, 009
26420
1974318114
126
9228,27012,24716, 023
14, 261
2, 58517
2. 56411,02610, 64014,2619, 212
8,1792,9414, 16962.4
15, 3885,2105, 958
12, 59 i7, 789
3,1478, 270
3, SSfi339
1,161111
1, 516
3 28
4. 12
.' i 3
4 * . O
1 <•!' i 1.00
261
0
2211299240212
3, 2902. 7762,004772110
27404
19041171131235691
29, 52513, 08516, 440
14, 573
2,60018
2,56311,29510.91814,5739,406
8,1982. 8694, 25382.7
15, 5085,1805, 799
12, 9998,111
1, 6753, 2138, 241
3,891344
649
676
f118
1, 502
. H .70! .71 i
2.25
3. 30
4. 07
3 •?]5. fi."
1. 00
S2
270
2231309346213
3,2572, 7641, 998767116
87
28377
17536155121195590
33, 23515,14018,096
14, 861
2,58617
2,56411,63911,27214,8619,672
8,7133,2274,31583.2
15,7665, 1556,219
13,0818,132
1, 6863, 2638,327
3,892347
728
5711,164
1101, 515
2,29
3.37
4.06
L0.)4 • • ( ,
2 GO
1.00
U-H1H.or.68
273
0
222
124
9851
206
3,2292, 7511, 990
760112
86
25366
16735
14812
1175589
29,46312, 42517, 039
15, 293
2, 5841
2, 56411,97011,61315,2939,935
8,8763,3834, 385
83.6
16,0135,1246,21213,0088, 106
1, 6823,2208,317
3,866338
712
5721, 169
1171, 543
2.33
3.28
4.05
3.105.231.004 002. 00
Me1.00
Hiji. 04.71
270
2121219158
187
3.2102,7351,982753112
87
24363
1683414811
1165587
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
2.33
3.47
4.04
3.085.271. 004. 002. 00
1. 00
.03
.67
00
2041228252195
3, 1852, 7191, 973
746105
80
24362
1643314811
1155585
32, 39314,53317, 860
15, 639
2,60715
2, 57412,38211,94815,63910,420
9,2153,6444, 33983.9
16,0485,1836, 359
13, 2098,173
1,7893, 2478,233
3, 767324
792
5351,174
991, 542
2.29
3.41
4.10
3.015. 121.004.002.00
He1.00
.03
.65
248
00
1981227650
195
3,1782,7101,969
741
24
370
1673415511
1165485
27, 58112, 38015, 201
15, 862
2,59814
2,56412, 56112, 12515, 86210, 571
8,9363,3874,353
84.2
15, 9655, 2026,41413, 4088,143
2,0193,2468,186
3,773313
1, 13692
1, 550
2.24
3.33
4.09
3.005. 051.004.001.92
Via1. 00
.03
.63
245
00
1911177454191
3,1732, 6941, 960
73491
66
23389
1753516810
1215483
34, 48616, 27418,211
16,186
2, 5S714
2, 56412. 95112, 55316,18610, 919
9,1573, 5594,38084.7
15, 9915,2176,46613, 3888,096
2, 0263, 2668,191
3,814
305
764
5311,140
941, 543
0)
0)
0)
2.994. 891.004. 001.50
7/l6
1.00
.03
.51
238
00
1891187249192
3,1722, 6831,955
72886
61
23403
r183I 3617810
1255482
30,14313,31116, 832
16, 766
2,59513
2,57113,47613,10316, 76611,376
9,9004,0984,458
85.1
16, 6605,2486,627
13. 71^8,341
2,0263,3478,071
3,841302
648
539
1,14860
1,533
0)
0)
3.025. 151.004.001.50
A1.00
.03
.50
the ^ <irc e t c h i d e d f r o m t h e t o t a l s .• L e s s t h a n $ r r « « . 0 0 0 ^ T - » •• - • ' <\u^-]r,• T n c l u - l e ^ r-\ « T r v \ i l a n i o u n t o f F e d c r - i ! l T i T r r ' M r d ' r i t f - «'*rc• 1:* I v i ' k !( • n - f i t r . v r < r . e t ^;i " \ i \ -;;• ' ' ; . . - ' y .i f B e c r i n n i p , " - F e b . S i < W i . [ ' m o u n t - t n - v . •!>-'.> C I L . M '.•.»•! M»; 1 a i . ^ P I - ••.•::r:1 •»- ! u f ' I ' l T - . - c t l y n i r >• \ [ ' n : r b u i k p r o m i s e * o r o t h e r r e a l e s t a t e o w n e d a r e c l a s s i f i e d a s " o t h e r
a s s e t s " ( n o t s h o w n i V > v e ) . T h o s e n i ; t " i i : i M o n F e b . > , i'J. '.' J t i . e i . n l y w i - . - 1 - f. r v. h : . ' ' i c v e i l i ; : . i n " : tf i ' i n - « v : i i i i b ! c ) , w e r e $ 1 7 , O ; ) ' \ n o ( ) f o r l o a n s , m o s t l y r e a l - e s t a t e l o a n s , a n d$ 5 3 , 0 0 0 , 0 0 0 f o r s e c u r i t y . T h e r e w ^ s s -ih\y -i f r n n - f o r o n t h . - i t d a t e o f a ^ m ' l » i r r i < " j ; i t . ' f s : ^ f >r % ; >r"y c . . - : n • 1 a s " C o m m e r c i a l , i n d u s t r i a l , a n d a g r i c u l t u r a l " t o " o t h e r l o a n s "
1 D i s c o n t i n u e d b y r e n o r t i n g s o u r c e . N e w s c r i e s o n s o m e w h a t d i U ' e r o L t I a > i s w i l l b e s u b a t i t u i o d v . l i e u a v a i l a b l e .
July 1939 SURVEY OF CURRENT BUSINESS 31
Monthly statistics through December 1987, to-gether with explanatory notes and referencesto the sources of the data may be found in the1938 Supplement to the Survey
1939
M a y
1938
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
FIN AN CE~ Continued
BANKING—Continued
Savings deposits:Savings banks in New York Stale:
Amount due depositors mil. of dol.U.S. Postal Savings:
Balance to credit of depositors. _.do___Balance on deposit in banks do
C O M M E R C I A L FAILURES t
Grand to ta l . number .Commercial service, total doConstruction, total . d o . . .Manufacturing, total do
Chemicals and drugs . . d o . . .Foods . . . . d o . . . .Forest products doFuels d o . . .Iron and steel d o . . .Leather and leather products.— doMachinery d o . . .Paper, printing, and publishing .doStone, clay, glass and products do___Textiles _. d o . . .Transportation equipment __doMiscellaneous.- do
Retail trade total . do_._Wholesale trade, total _ do
Liabilities: Grand total thous. of dol.Commercial service, total . __do.__Construction, total . . d o . . .Manufacturing, total d o . . .
Chemicals and drugs do__.Foods do___Forest products . d o . . .Fuels d o . . .Iron and steel d o . . .Leather and leather products d o . . .Machinery _._. . d o . . .Paper, printing, and publishing d o . . .Stone, clay, glass and products -doTextiles d o . . .Transportation e q u i p m e n t . . . . d o . . .Miscellaneous - d o . . .
Retail trade, total. d o . . .Wholesale trade, total—. d o . . .
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total:! mil. of dol.Mortgage loans, total „ . do . . .
Farm do . . .Other . . _ . _ . . do . . .
Real estate holdings _--do___Policy loans and premium notes do . . .Bonds and stocks held (book value.) total
mil. of dol.Government (domestic and foreign)...do...Public utility do . . .Railroad.. ___doOther __do___
Cash do . . .Other admitted assets do
Insurance written :($Policies and certificates, total number
thousands.Group. __ do . . .Industrial do . . .Ordinary _ do.__
Value, total thous. of doLGroup.. ._ _ do . . .Industrial do . . .Ordinary d o . . .
Premium collections, total __doAnnuities doGroup -do . . .Industrial . doOrdinary _ d o . . . .
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total.thous. of dol...New England dol\ iddle Atlantic „_ do. . . .Fast North Central. doWest North Central... doSouth Atlantic . . . . . . d oFast South Cen t ra l . . . . . . . . doWest South Central .doMountain.. _ .doPacific. do
Lapse rates ..1926-26=100..
5,471
1, 26173
1,1224466
2066
5621
11059
118
604
15670136
14, 757876
1,1584, 8<J3
KM)1, 852
52510031628
28140721281344
20(55, 87«1.952
f04, 42,v13.27s
121/J77
I H7.
11,4 1 .
5,307
1,255116
1,1234760
2171239154151171910505
30690109
19,1391,196757
6, 860222717464165573480668328416
1, 382510945
7, 8792,447
21, 9434, 256
6723,5841,7842, 663
12,1595, 5102, 7302, 7641, 155759322
S9224
618
43, 076191,618384, (N3254, 62!)
5,336
1,252116
1,0734759198
224198157816462627
665104
15,918841
1, 2345,939
111, 62239526519694280304152
1,157166
1, 3976,5201, 384
22, 0574, 276672
3. 6041, 7972, 667
12, 1995,4862, 7602, 7561,197785333
7M30
r>,\0 I174
597, 77345, f-76
170,312 !3«2, 3S£ i2,V; f?2 i
5,329
1, 252101
1,0385145
2107
3224
2147
13206
583
24629103
14, 761617376
5, 957100
2,143389295258221291293350991150476
5,3852, 426
22, 2094, 291
6723, 6191, 8002, 665
12, 3495. 560
5,
1,
1,
16,
1,6,
2,
5,%
332
25299
0153457
1738
37122
116
1297
416
2262912238234412814791
747370
7676462
256434549254340204903860
22,3024,
312
125
313670643801663
388507 1
10 M0 i 11,H4$61,021 ! 56, 103
161, 106 i 364, ,*.f/?
2, 7892 7 r&l',248
774330
12511
, 4 :2
:"-3. 471
48, 1M2;\ -t'/4
, 8.'>6
34, .
4?, v.')u . >"'<•.44, C M
107
)!. C27
vlO
2, 8472, 7541, 280803334
7 i 218
."<>. t-'iu
\2'.\ i
5, 362
1,24898
8663349184
63114
18189334
2652872
14,341347782
5, 22765
1, 5064806962045726141512498177361
6, 4501, 535
22, 4134,334674
3, 6601, 7922, 663
12, 5535, 5982. K852, 7541, 316732339
21173,321.
10,
147!
5,363
1, 250
99747431721038144851216730
21627108
13, 219575607
4,110245
1,0314783368154206604305341106343
5,2,512,676
22, 5204,350
6743,6761, 7902,659
12, 6585, 6032. 9542. 7521, 349727336
Cil3676"7
108 i
592.32.179380,
i 234,
I I ! ' 1 v.\ f i t ' )
42, illJ'). b<. 1Ml, )'oJ3 r>R l .1
4.38. l*. U 1 '•> ji°*9 '.'J', :
103! 3-3 '49 'Jv'» !46.365 i18 9H i10,1'iS |
11.819 i
5,359
1,25087
48551966441301010121575182058699
12, 3021,158713
4,434907039090
42992162333270892149405
4,5131, 484
22, 6204, 361
6733,6881, 7902,650
12, 6295, 6032, 9502,7201, 350821369
671,43.
182,i 441,| 2 IS,
28,
5, 405
1, 252
87537481751133213851184443
2452788
36, 5281, 628797
6, 28518574348915652416970489116540
1,206364
4,14223,676
1,
22, 7294,381
6703,7111, 7512, 636
12,8695. I'M3, 0042, 6491,422
635457
1,08971755
3"), fif-3."nj 2<iS12 1189'*.. V ']196,751
570,618 | :11,547 i
170.752 !
lo. 665 ,51,957 :
40,575 j
47) 177 !
5,417
1, 25983
1,2635454
2187
4317912121715841334
802135
19,1221,912615
6,80381
1,636387357
1,09057571326733565026
6867,7312,061
22,8504, 395
6703,7251, 7432,628
12, 884
2, 9572.'653 i1, 4 17747453
64$30
3.-)721-2
729, 93751.80990, 3b3r>7vv 675277,86035, 90512,1)1165, 146
lf>3, 895
'7''. M0I" 7. 7''2
5,431
1, 26378
96332451771242186
1116431019
61891
12, 788262968
4, 985125
1,482237306255118255512112
1,0550
5285, 2511, 322
22, 9294, 403
6093, 7341, 7402,621
12, 9505, 8952, 9742, 6571, 424
7594,56
67523
2:2
5, 478
1,26678
1,1235254
2107
5120
3127
15158
504
18683124
17, 9151,1131,2287, 875
553,2-iS
742
30686
3(-218S155
1,61414527''
5, 6622, 037
23, 0184,410
6673, 7431. 7382,611
12.909f.,fO'}
2! 0711,430
810450
729;s '
i<u,171.
76.6;;.'.'7'"3!l i .Ci,
7i,fi827IT) 7
;,70
1 Of)
101•:o2Sufi205
Z
11
32i-i402251482042.1346
0.',2t>)2•Jil'2(23 <8
038, «f,233(,77
765
577.4'"
l./.>.l.i!'.
<"3.
1~;15.i\
2 0 ' iN."2717617' . ! '»0.7)STi< v > 7v'lSS01
495, 6"037. 658
110. 17510'.). (.384;\ 272ih! 77119.0703 \ 1011-5.66:;42,002
5, 463
1, 26473
1,1404651
2196
' 621811129
1713
141
227
688136
17, 492495744
8, 294100
1, 444340
1,164363
1,837565666
81,024
388395
5, 5662, 393
23.1004,416
6673, 7491,7432, G05
13, 0655, 9523. 0032, 6751, 435
827444
71620
464232
550,80135, 0*1
12(', 051385. 769243,41419,83810 45061,263
151,803
' Revised.f Revised series. Data revised beginning June 1934; see table 3 pp. 17-18 of the Decein ber 1938 issue.} 37 companies having 82 percent of total assets of all United Slates lejmi reserve companies.6B 40 companies having 82 percent of totai life insurance outstanding in ail United States legal reserve companies.
32 SURVEY OF CUREENT BUSINESS July 1939
Monthly statistics through December 1987, to-gether with explanatory notes and referencesto the sources of the data may be found in the1938 Supplement to the Survey
1938 1939
June July August Septem-ber October
FINANCE—Continued
MONETARY STATISTICSForeign exchange rates:
Argentina dol. per paper peso,.Belgium dol. per belga_.Brazil dol. per milreis...British India -dol. per rupee. -Canada dol. per Canadian doL.Chile dol. per peso..France.. _ dol. per f r ancGermany -dol. per reichsmark__Italy dol. per lira..Japan dol. per yen_..Netherlands - dol. perguilder.-Spain dol. per peseta..Bweden ...-dol. per krona__United Kingdom .dol. per £ - .Uruguay _.dol. per peso..
Gold:Monetary stock, U. 8 mil. of doL-Movement, foreign:
Net release from earmark^.--thous. of dol_.Exports doImports . do
Production:Union of South Africa, total flneounces--
Witwatersrand (Rand) doReceipts at mint, domestic (unrefined).-do
Currency in circulation, total mil. of doL-Silver:
Exports § thous- of doL-Imports doPrice at New York dol. per fine oz...Production, world thous. of fine oz_.
Canada doMexico doUnited States do
Stocks, refinery, end of month:United States doCanada . do
CORPORATION PROFITS(Quarterly)
Federal Reserve Bank of New York:Industrial corporations, total (167 cos.)
mil. of doL-Autos, parts, and accessories (28 cos.) doChemicals (13 cos.)Food and beverages (19 cos.)__-mil. of doL_Machinery and machine manufacturing
(17 cos.) mil. of dol._Metals and mining (12 cos.)— doPetroleum (12 cos.) doSteel (11 cos.) doMiscellaneous (55 cos.) do
Telephones (91 cos.) (net op. income)..doOther public utilities (net income) (52 cos.) t
mil. of doL.Railways, class I (net income) do
Standard Statistics Co., Inc. (earnings):Combined index, unadjusted*t 1926=100--
Industrials (119 cos.) doRailroads (class l)*f . . .doUtilities (13 cos.) do
Combined index, adjusted*! doIndustrials (119 cos.)... doRailroads (class l )*t- - — .cloUtilities (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.government :cf
Amount outstanding by agencies, total.mil. of dol
Federal Farm Mortgage Corporation do___Home Owners Loan Corporation.. _ do _.Reconstruction Finance Corporation do._. |
Expenditures, total, including recovery ani |relief f . thous of dol._.
General* doRecovery and relief* .doRevolving funds, net* do . . .Transfers to trust accounts* do _..Debt retirements*..* _(io_._ •
Receipts, totalf _„_.<io ._Customs - . do . . .Internal revenue . . . . do ___|
Income taxes _.do.. .jSocial security taxes*.... do __.|
0.312.170
(2).349. 996. 052.026. 401. 053
'. 536.110.241
4. 681. 616
15, 878
-251,57936
429, 440
219,1616, 919
6116, 152. 428
4.0, 2S2
36, 085
3, 606
0.331. 168. 059.371.992.052.028.402.053.289.554.058. 256
4. 967. 654
12,891
-53, 947212
52, 987
1,022,678940,341227,6216,415
31717, 952.428
20,4401, 5096,2444,813
6,939495
37, 424
34, 291551
2,582
4 8 ".2
L'i6, "•)?,
I."), ' . 1 1
0-331. 170.059. 367.989.052.028. 403.053.289, 553. 058. 256
4. 958.652
12, 946
-15, 490131
55, 438
0, 329. 169. 059,368. 994.052.028. 402.053.287. 550.057. 254
4. 929.649
12, 985
-20, 94265
63, 880
1,014,533 1,034,928933,929 ; 952,995197, 528 305, 4876, 433 6, 464
254 i19, 186 |.428
22,490 !1,603 I8,417 |4,679 |
7, 212 !470 i
19318, 326.428
24, 0712, 1129,0194,530
7,843355
84.422.919.219.2
5.41.0
11.1d7.12.952.8
0. 325,169.058. 364.996. 052. 027.401.053. 284.546.057.252
4.881.642
13,057
- 2 8 . 7 8 517
165, 990
1,046,338962, 757286, 493
6,482
4014, 985
.42825, 619
2, 5289,2245, 596
7, 887488
44.8i 74. 9
36. 840. 4
1 44. 5
31.63-V 8
<* 4 ! . 0104. 0
37r 187
33, 903589
37, 194
33, 83454.9
2,676 i 2,810
2-9 I
5 0-4i, no2 9i7
5M,
7 r2 P.\"4wo 740
" 5. V s
37, 596
34,112541
2, 943
O R-
An, 12'V, 170
12 ,7*3
0.320.169.059.358.994.052.027.400.053.280.539.052,248
4.804.632
13, 441
-13 ,25511
520,907
1,035,341952, 602301, 593
6, 570
1,46324,098
.42820, 0642,2024, 4865,073
6, 396552
d6.224 219.9
4.11.5
10.7«*7.314.950. 5
0.318.169.058.356. 991.052.027.400.053.278.544.051.246
4.768.627
13, 940
-110,17716
562, 382
1.041,394960, 561277, 5006,068
1, 25925, 072
.42820,1542,4004,1605, 441
6,824611
42. 13.4
38.534. 4
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
0.311.168.059.349.991.052.026.401. 053.272.544.050.241
4.670.615
14,416
- 6 2 , 38716
240,542
1,028,774946, 895235,337
6,888
1,34421, 533
.42819,511
1, 5524,9224,624
2. 409698
187.078.438.120.4
5.64.14.7
10.325.456.5
54.1
90.738. 432.2
1 5104.8
38,395 I 38,426
34, 920 I 34, 950~'" ' 526543
2, 933
Ml
7M .r09l.".i J.2
38, 607
34, 981535
2, 949 j 3S 090
76 769.331.9
0.311.169.059.349.992.052.026.401.053.272.542.046.240
4.669.614
14, 599
14,10681
156, 427
1,033,939953, 916233,806
6,712
1, 67110, 328
.42819,1081,5754,2814,669
4, 075676
0.312. 169.059.350.995. 052.026.401.053.273.536
0).241
4.686.616
14,778
—48, 55315
223, 296
985, 843910,084195, 7806,697
2, 0549,927.428
21, 8221,4546,7945, 268
4,806652
123.076.279. (29 2113.2
21, . . '0"47, 2 i '
137
, 1"!
* Deficit. v Prel iminary. V>» iiirr*».<e'n e^m1 Quotations not available F e b r u a r y - \pr i l I'j'-iO.*New series. New items for Federal Lrr<> <'er>t bpmi'niM? TM V>\f\ *\| -
April 1939 issue. Da ta on receipts frou <.i><•••. 1 <*rount.\ 1 . »t «. I cL < M,,, J T M 1 .tRevised series. The Standard S t a t i o n - Co. uA^x of ruiiro-i1 c i'i. it,
issue. Total Federal expenditures and receipt^ rev ise'i be-unum;/ JH) \ I '<', <•(§Revised series. Da ta revised for 1<U7, see table l\\ i> 11 o: i1 e \ j nlcfBy an act of Congress dated March 8, 1938 (Public, No. 442), t C
such issue, to the amount of $206,174,000, was in M a y 1938, and i? s-cn 'nclucl'guaranteed debentures of the Federal Hors ing Adni l r i s t ra 'or , u rd b« g mur g
t As a result of a consolidation, number of companies redured fiom 5." t
04«7. 44 7
r^.\ ;30
- M (- ) .
5,001
7.0 311
4M.Mil
43.
.Ml
('~8 "S5
*A\ >7( S'f."
I3,7 1 0 ("'•'}2S. '<<(''>.' "M
2.V.1
'JS 1.27
39, 439
35, 755528
3. 156
4,9f»21, 38^2, S^8
609
3 : 2115 8-7
48 5' 'i
4, 191
39,641
35, 892534
3, 215
4,9871,3832,888
509
693,385391,451250.746
6, 06238, 500
626308.152
24,318
0.312.168.059.351.996.052.026.401.053. 273.5310).241
4.685.617
15,014
10, 720to
365, 436
1,073,084989, 974209, 7786,764
3,9237, 207.428
1, 637
5," 067
7,432615
43. 6
D 56. 50 65. 2
v 121.8v 62. 6v 68. 9
v d is. 3v 110.3
39, 864 39, 985
35,949 I 35,9S8533
3,382
543
3, 454
301.."/2 r->2. 2V2 315.845473 .
! 2,93050, 764
5,4101,3812, 888
819
662, IP 1347, <• t ' j254, P 2
10 Sol50, (H)0
12,' *J.417, 3 iM , 7,7,
3 3 3 ' ; IS ' l i |56, S-? ^c;-
5,4101, 3S12,888
819
0.312.168. 059.350.995.052.026.401.053.273.5310).2414. 681.616
15, 509
-114.842231
606, 027
227, 6426,867
2, 0547,143.428
1,411
~5,~336
8,669255
40, 063
36, 033538
3,492
5,4101, 3802,888
819
') 000
98,992 I 123, »70 I 3^i ">rx hi. 979
• N u m b e r of coTTipanips inr-luded varies s l ight ly .- u i r i w t i w i u i i r i i n i " v i H i , , , . . , . ^ . . 1 . U I . U L ' - . i s ^ i j t i r .
non-iiLii t h r o u - h Apr i l 8, 1<J'3{); torni orar i ly d i s con t inued the rea f t e r .dwl fnr hi»drr,il expeu(jHur' js begLwning Ju ly 1931 i • • --
( in i ' ~in table 22, p . 17, of the
ii* • " • 1 i ij', t .1 "i a S I / , H qi.( in 1 'u\
•' ' ; {] - »'' l i l ! '*'i'i " ' « i i \ Ka\o 1. 01. nvi««c(l hc«inr. ing 1932; see table 25, p . 18, of the Apri l 1939•• t ibios J j aj) i J 3 , p 17, of t he Apri l 1939 Su rvey .
v tienofjity Credi t Corpora t ion was given a u t h o r i t y to issue fully g u a r a n t e e d obl igat ions . T h e firstf-<\ in " ro tM Rmounr out i tanc i ing , b y agenc ies . " Also inc luded in t he to ta l is a small a m o u n t of: wi tn F e b 193(», $114,146,000 for the U S. H o u s i n g A u t h o r i t y .'•2 beginning J u n s 14;38.
July 1939 SURVEY OF CURRENT BUSINESS 33
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
M a y
1938
May June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Contd.
Receipts, total—Continued.Internal revenue—Continued.
Taxes from:Admissions to theaters, etc.-thous. of dol—Capital stock transfers, etc doSales of radio sets, etc do
Government corporations and credit agencies:fAssets, other than interagency, total
mil. of dol..Loans and preferred stock, total do
Loans to financial institutions (incl. pre-ferred stock) mil of dol
Loans to railroads doTTome and housing mortgage loans doFarm 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. Govern-
ment mil of dolReconstruction Finance Corporation, loans out-
standing, end of month:fGrand total thous. of dol—
Section 5 as amended, total do __Banks and trust companies, including
receivers thous. of dol._Building and loan associations doInsurance companies doMortgage loan companies _. do _Railroads, 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-p'uses thous. of dol
Financing of agricultural commodities andlivestock thous. of dol
Direct loans to business (incl. participa-tions) thous. of dol
Total Bank Conservation Act, as amendedthous of dol._
Other loans and authorizations do
CAPITAL FLOTATIONS
New Security Registrations ^
{Securities and Exchange Commission)
New securities effectively registered under theSecurities Act of 1933, total thous. of dol_.
Estimated gross proceeds (total registrations,less securities reserved for conversion)total thous. of dol__
Type of security:Common stock _ __ doPreferred s tock. . . do _Certificates of participation, etc doSecured bonds do _Debentures and short-term notes do
Type of registrant:Extractive industries doManufacturing industries doFinancial and investment doTransportation and communications-doElectric light and power, gas, and water
thous. of dol._Other do
S counties not presently intended to be offeredfor cash sale for account of registrants:
Registered for account of others.thous. of dol_.Registered for options and for other subse-
quent issuance thous. of dolOther securities not intended for cash
sale thous. of dol_.
1,6061,273
279
1,727,285677,468
108, 8343,0372,854
121,075436, 612
5,056
134,496
108,995
24,737
764
114, 498
580, 238220, 585
57,062
55, 588
20, 47322, 2C03,4069,449
0
2343,779
17, 024250
31, 6052,696
3,777
219
20, 365
1,3951,155
197
11,1678,524
1,358468
2,368
3,484847
814413698717
6,773
4,8521,346
575379
4,014
1,711,652641, 831
135, 7852,3763,549
98, 237390, 233
11, 651
242, 807
241, 850
47
910
73, 616
564, 305189,093
93, 634
85, 276
13, 47023, 39722, 69418,2157,500
1,07431,96431,094
0
21,1450
1,447
4,389
25, 590
1,624937449
11, 3898,514
1,363471
2,357
3,467856
809430733903
6,941
4,8531,346
743370
4,078
1,717,719642,167
133, 6132,2883,530
98, 256393, 699
10, 781
238, 025
237, 079
47
899
76,093
561, 257200,177
272, 448
231,123
12,0923,2258,992
33, 955172,859
563101,158
8,52830,555
84,9195,402
9,604
7,406
270
1,6191,429
305
11, 3658,452
1,357475
2,346
3,466807
834432670979
7,229
5,0641,378
786372
3,764
1,671,575647,034
132, 0722,2183,526
100, 232398, 304
10, 681
186,838
185,893
47
898
80,897
554,925201, 882
223, 897
222, 595
19, 4432,962
51,51064,18184,500
0117,69368, 25329,978
3,2553,415
310
2,288
13
1,4252,052
400
11,3178,476
1,333491
2,340
3,491821
837438666901
7,129
5,0011,372
755374
3,815
1,690,171652, 527
129, 7072,1943, 510
96. 287414,928
5,901
198, 309
187, 365
10,047
897
84,887
553, 503200,945
394,433
315, 968
26, 4774,557
18,431169,26297,240
41738,31929,956
0
243,4123,864
4,278
23,114
5
1,6691,021
345
11,3198,496
1,329495
2,335
3,499837
843447667866
7,112
5,0101,365
737377
3,830
1,710,379662,155
127, 7832,1333,494
103, 339419,364
6,042
199, 691
188, 748
10,047
896
92,137
553, 307203,089
125, 207
106, 767
20,9327,697
23,038350
54, 750
6,34159,68139, 944
0
0800
5,992
56
169
1,5961,188
466
11,3598,507
1,327502
2,330
3,494854
844451673883
7,075
5,0011,352
722379
3,905
1,738,298679, 677
127,2572,0983,471
114,925426,046
5,880
205,916
190,154
15,047
715
98, 224
551,637202, 844
411,878
405,063
14, 4234,4388,179
267,093110, 930
37757, 22670, 787
0
275,1731,500
1,673
0
45. 311
1,9852,226
568
11, 3358,502
1,321503
2,326
3,486865
845452679856
7,016
4,9941,323
700382
3,936
1,754,152690, 546
125,1532,0363,052
126, 534428.041
5,730
205,851
190,108
15,047
696
103, 598
550,104204,053
303, 280
249, 989
51, 52621,44110,35446, 865
119,804
4,54831,98142, 5284, 239
103, 21963, 475
7,334
23,931
204
2,0201,754
593
11, 4518,562
1,344511
2,335
3,486886
855456689889
7,048
4,9921,317
739381
4,022
1,814,364710, 084
121,6111,9752,997
141,221436,094
6,186
201, 633
180,890
20,047
696
107, 747
588, 835206, 065
144, 625
"140, 709
23,12418, 56612,96857, 41316,061
8,28111, 09636, 639
0
82, 2802,414
10, 215
0
2
1,5641,650
576
11, 5158,527
1,314512
2,329
3,469902
8684,60698961
7,117
4,9871,327
757383
4,015
1,781,297671, 534
118, 8321,9672,976
103,978437, 789
5, 992
208, 067
182, 265
25, 047
755
109,419
584,551207, 726
139, 672
139,075
5,92738, 76222, 573
90070, 913
5237,200
22,390G
108, 512450
3,135
0
0
1,5031, 394
404
11, 6508.509
1,291508
2, 327
3,460923
874465708
1,0957, 588
5,4101,369
809384
3, 678
1,769,382665, 040
116. 7911, 9302,926
101, 438436,139
5,816
205, 625
181, 840
23, 047
738
110, 664
578,032210, 021
21, 676
21, 366
9, 6452,7073,8755,139
0
06,8216,6601,827
5,090969
971
420
3, 615
1,6071,083
353
11, 6968,523
1,278505
2,324
3,456960
885468712
1,1087,592
5,4101,374
808386
3,718
1,782,388674, 555
113, 8731.9622,900
110,587439, 560
5,673
204, 811
181, 027
23, 047
737
112,048
576,117214, 857
86, 286
69,242
12,3931,7414,008
28, 48822, 613
28035, 7634,758
0
27, 506935
4,862
170
1.930
1,3851,259
287
11, 6888,497
1,292509
2,323
3,459913
849472712
1,1577,592
5,4101,379
803387
3,709
1,722,507683, 218
111,0442,9622,871
117, 326443,840
5,175
131,389
107, 578
23,047
764
112,531
579, 774215, 595
307, 754
277, 657
47,43827,900
1, 766116,99183,562
342146, 450
6,2715,305
117,7121 577
11,525
2,086
28, 379
« The total includes $12,576,000 of face amount installment certificates.^Series 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.tRevised series. Data on Government corporations and credit agencies have been revised beginning June 1937 due to changes in the underlying U .S . Treasury Depart-
ment compilations and are not comparable with the series shown in the 1938 Supplement. Several new series on loans and assets have been brought out, but no changes havebeen made in the series on liabilities. Data not shown on p. 33 of the November 1938 Survey will appear in a subsequent issue. For Reconstruction Finance Corporationloans outstanding, minor revisions prior to those shown on p. 33 of the April 1939 Survey will appear in a subsequent issue.
34 SURVEY OF CURRENT BUSINESS July 1939
Monthly statistics through December 1937, to-gether with explanatory notes and referencesto the sources of the data may bs found in the19S8 Supplement to the Survey
1939
M a y
1938
May June July August Septem-ber
Octo-ber
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary March April
FINANCE—Continued
CAPITAL FLOTATIONS-Contd.
New Security Registrations—Contd. 1
(Securities and Exchange Commission)
Estimated gross proceeds (total registrationsless securities reserved for conversion)—Con.Selling and distributing expenses:
Commissions and discounts.-thous. of dol..Other selling and distributing expenses
thous. of dol..Estimated cash proceeds to be used for:
Total _ do....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) f
Securities issued, by type of security, total (newcapital and refunding) thous. of dol_.New capital, total. .do.
Domestic, total. .do.Corporate, total do.
Bonds 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... do.Government.._ do.United States possessions _do.
Refunding, total. _do.Domestic, total _do.
Corporate, total _ do.Bonds and notes:
Long term .do.Short term do
Preferred stocks doCommon stocks.. do
Farm loan and other government agenciesthous. of dol__
Municipal, States, etc _ _do.Foreign, 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 do—Railroads doShipping and miscellaneous do
Refunding, total doIndustrial _ ...doInvestment trusts, trading and holding
companies, etc thous. of dol.Land, buildings, etc do___Public utilities doRailroads do._.Shipping and miscellaneous do
(Bond Buyer)
State and municipal issues:Permanent (long term) thous. of dol.Temporary (short term) do...
COMMODITY MARKETSVolume of trading in grain futures:
Wheat mil. of bu.Corn. _ do—.
2,128
235
28, 86525
21392
15,27S46
3, 769239
8,641561
0
,312,007116, 623116,62320, 990
17, 9280
1,9701,092
1,55094, 083
0000
1,195,3831,179,633151, 002
126,1024,500
20, 4000
1,021,4147,21715, 75010, 5005,250
0
182, 49220, 9903,987
0100403
1, 50015,000
161, 5022,000
0202
154, 4004, 900
0
102, 788108, 882
721137
2,164
557
51,129226
9,8511,4721,105
09,050
019,9379,470
20
220, 377158,943158,88137, 512
19, 6682,00015, 650
194
33,15088, 219
636300
61,43461,43425, 692
25, 692000
30, 8104,932
0000
63,26637, 57518, 405
0725
16, 9050
1, 54025, 6922,002
0120
23,57000
149,91518,414
512115
4,378
1,175
208, 2916
105,144232
6,497119
16, 4230
55,47724, 385
513,132348,765345,879202, 316
192,5340
9,308474
13,550130,0132,886
00
2,886164,367164, 36798,791
98, 04175000
51, 50014, 076
0000
301,107202,316143,261
600350
51, 7756,330
098, 7914,507
00
94,28400
7,761
1,051
211,17226
108,2388
62,9790
5,50325,0531,5057,860
9
469, 697390, 633390,133130, 276
127, 8266000
1,850
216.45043,407
50000
50079, 06479,06455, 545
55, 545000
20,2503,269
0000
185,821130, 276120, 365
100107
9,70400
55,5455,500
04,00046,045
00 j
6,675
2,088
279,8
111,273 50,649112, 525 142, 760
892125
725180
65
42, 3300
27, 24140
5,02913,819175,81215, 436
37
417,936182, 286181,836127,014
123,3040
3,143567
054,822
45000
450235, 650235, 650211,141
211,141000
13, 50011,009
0000
338,155127,01469,550
3,0001,350
49,9653,148
0211,141
41, 659
0100
169, 38200
67,20253,684
764206
5,412
881
94, 257490
50, 306667
31, 654123
5,6250
1805,012
200
238, 368146,033146,033
84, 937
83, 0990
8201,018
8,40052, 696
0000
92, 33592, 33565,136
64,9560
1800
5,60021, 599
0000
150, 07384, 93780, 838
0747
2,612740
065,13616,180
07,132
41,82400
86,959
701139
8,293
2,016
347, 77090
10,1390
21, 7450
8,716447
270, 49436,139
0
765,188166,908166,90863,922
61,484300
1,950188
0102, 986
0000
599,280599, 280274,237
273,70600
531
322, 8622,181
0000
337,15903, 92240,561
01,420
20,4410
1,500273, 237
14, 458
0120
258, 65900
132,234154,875
380133
6, 287
1,180
211,052858
38,0170
38,375798
2,99718,16888, 743
3623,060
395,808220, 893195,893
43, 521
37,38540
1,3444,753
0152,373
25, 0000
25,0000
174,914134,914107, 702
85, 2664,000
18,4360
21, 7005,513
40,0000
40,0000
151,22343,52118,284
0240
21, 2850
3,712107, 702
44, 656
00
63,04600
169, 73647,031
336147
4,387
681
125, 4241,920
10,142180
27, 6690
8,40010, 49464, 567
2,03616
4,013
904
131.022291
1,9150
20,3990
1,67535, 52369, 058
3,1610
1,190
215
14, 956201
3,45313
2,4160
4,2390
3,3031,331
0416
139,79546, 378
7,500
128,65443, 764
325138
0850300
5,000250
104,96688, 656
300104
086
111,02912,0001,500
r 60, 4C9170, 769
16871
2,767 j 4,679
627 1,443
58.8S6 I 229,5461,690 I 190
4,534 |3
1,965500
13,195191
36, 531267
10
529,241,241,
59,
43,
11,3,
55
182001001544
9950
752798
000126,457
288285250
0000
181556493
239,520
10
20142
2
0974
0
250813625
00
625
310,03859, 54448
6
3
801
0394461
0888
250, 49356 404
277, 339220, 531200, 531
5,
2,2
118,76,20,
20,
56,
827
300600
0927
146557000
0000
0809
56. 809JO
55
1927,
1651
1
2103
386
200000
0186
250172
0000
213827027
500630170
0500386986
540,377,377,
723550550
23, 571
16, 722
1,5,
310,43,
163,163,
0278571
090890
0000
173173
136,115
101,
34
17,10,
1592320
2860
8290
050008
0000
686571171
0375
2,475
136!
0550115
12
1,93624
3, 6290
70, 6051,034
147,4714,629
239, 915162,258162,258
52,965
I355,941142,621142, 171
77, 060
42>S09 j 46,5330 i 0
891 1,0209, 2G5 29, 507
4, 325104, 968
0000
77, 65874, 65846, 689
1,95063,161
45000
450213, 320160,820129, 249
46,366 |0
200 I 23,336123 0
105, 9130
15,023 |12,946 !3,000 [
0 !3,000 I
0 I
20. 75010, 82052, 50052, 500
00
99,52,18,
4,30,
46,15,
31
4992
654965558
00
20213571
689301
00
3SS00
425336
258,77,7o',
181,GO,
12
1061
I ' 1 0 5
809oeo981
5000
57900
749175
755720500600
0
513332
20281 106
r Revised.1 See footnote marked " 1 " on p. 33.t Revised series. Data revised beginning Jan. 1937; see table 26 on pp. 15 and 16 of the May 19391 ssue.
Includes reimbursement of corporate treasuries tor capital expenditures.
July 1939 SURVEY OF CURRENT BUSINESS 35
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
M a y
1938
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
FINANCE—Continued
SECURITY MAEKETSBrokers Balances (N. Y. S. £. members
carrying margin accounts)Customers' debit balances (net) mil. of dol_.Cash on hand and in banks do_ _Money borrowed. . . . _. _ - doCustomers' free credit balances do
BondsPrices:
Average price of all listed bonds (N. Y. S. E.)dollars..
Domestic. _ . do .Foreign do
Dow-Jones & Co., Inc. (40 bonds)percent of par 4% bond_.
Industrials (10 bonds) doPublic utilities (10 bonds) doRails, high grade (10 bonds) doRails, second grade (10 bonds) do
Standard Statistics Co., Inc. (60 bonds)dol. per $100 bond..
Industrial (20 bonds) doPublic utilities (20 bonds) . . doRails (20 bonds) do
Domestic governmental issues:Municipals (15 bonds) doU. S. Treasury! do
Sales (Securities and Exchange Commission):Total on all exchanges:
Market value --thous. of dol.Par value do
On New York Stock Exchange:Market value thous. of dol—Par 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.:Par value, all issues mil. of dol..
Domestic issues doForeign issues do _
Market value, all issues doBomestic issues. , doForeign issues - do. __
Yields:Bond Buyer:
Domestic municipals (20 bonds)...percent..Moody's:
Domestic (120 bonds) doBy ratings:
Aaa (30 bonds).._ doA a (30 bonds) doA (30 bonds) . _ . do.__Baa (30 bonds).. do
By groups:Industrials (40 bonds) do.Public utilities (40 bonds). do .Rails (40 bonds) do
Standard Statistics Co., Inc.:Domestic municipals (15 bonds) do
U. S. Treasury bondst - - 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.) ._ . d oPublic utilities (30 cos.).. doRails (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=100Dow-Jones & Co., Inc.: (65 stocks)
dol. per share.Industrials (30 stocks) doPublic utilities (15 stocks) doRails (20 stocks) d o . . . .
828183561230
92.9296. 0959.73
0)0)0)0)0)80.284.8
101.054.8
118.1108.3
125, 737160, 552
93,060123,104
123,104
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, 394358,417
18, 976
60.2
44.47132. 6923.0727.05
760208482243
87.7890.8159.64
67.09101.7097.0675.3138.16
76.580.494.055.1
113.6104.0
116,394161,697
89, 587127,972
121,1566,844
114,31296, 65417,658
48,24443,5514,693
42,34739, 5482,799
3.05
4.28
3.223.564.286.06
3.513.905.44
2.912.51
1,328.37929.10
1.433.071.272.371.911.29
366,435353,652
12, 783
48.1
36.38114. 2022.0019.09
774215495258
88.9891.9760.54
60.36104.8897.6872.5530.55
75.380.094.052.0
113.6103.9
119, 899169, 072
96, 606140,524
144, 8219,729
135,092118,69516,397
49,17744,4894,687
43, 75740, 9192,838
3.00
4.40
3.263.684.416.25
3.553.905.75
2.912.52
1, 287.10929.10
1.393.001.222.221.941.18
222,001207, 374
14, 627
58.3
38.73118.7919.3821.82
843209528284
90.1993.3260.76
68.72107.7599.6575.1039.09
80.885.097.360.2
114.2103.8
157, 370232,147
127,133194,877
178, 2657,618
170,747152,58018,167
49,40944,6574,752
44,56141, 6742,887
3.01
4.17
3.223.624.215.63
3.483.795.25
2.872.52
1, 288.80929.10
1.393.001.232.241.941.09
167,170157,175
9,995
62.2
46.05139.4721.6428.16
864200571272
89.4092.5359.89
65.68109. 3799.0574.1435.47
81.385.798.160.0
115.2104.0
117,162161,552
93,667130,647
120, 3636,161
114,20296,69217, 510
49,42444,6764,748
44,18341,3392,844
2.88
4.09
3.183.574.135.49
3.433.765.09
2.822.51
1,295. 20929.10
1.393.001.242.241.941.09
240,965230,994
9,970
60.6
46.13140.9720.0128.49
823213559257
89.0892.1059.72
0)0)0)0)0)78.784.296.355.7
111.7103.0
110,826148,992
92,923126,207
133,95417,163
116, 79194,41722,374
50,33145, 6494,682
44,83742,0412,796
2.98
4.17
3.213.604.205.65
3.503.825.18
3.022.58
1,293.92929.10
1.393.001.242.241.931.09
185,428182, 735
2,693
60.6
43.98137.0418.4925.62
905196617270
90.6793.7061.20
0)0)(00)0)81.886.898.659.9
115.2104.3
166,812237, 245
133,469195,775
185,1797,673
177, 506155,69821,808
50, 22545, 5464,679
45, 53942, 6752,864
2.90
4.03
3.153.534.085.36
3.433.734.94
2.822.48
1, 293. 59929.10
1.393.001.242.241.931.09
180, 506169,901
10, 605
65.4
49.64150.3622.9230.62
939189662252
90.3493.3361 02
0)0)0)(1)0)82.186.999.360.2
116.6104.0
139, 760207, 719
107, 389169,415
155, 8684,419
151,449130,133
21, 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
509,160486,396
22, 765
64.1
50.32151. 9623.3531.29
991190754247
91.2794.3560 11
0)0)<l)0)0)
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, 916
17, 653
66.2
49.32150.1221.9430.52
971192713235
91.0394.2558.55
0)0)0)0)0)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
967168709222
91.8595.0159.68
0)0)0)0)0)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
303,839289,41214,427
64.4
48.68144.6024.9430.31
953174699225
91.8094.9958.43
0)0)0)0)0)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, C87
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
831190579236
91.5694.8357.40
0)0)0)0)(079.483.899.754.5
116.4106.6
119,057165, 925
92, 210133, 554
122,804
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. 7322.0525.75
i Discontinued by the reporting source.fRevised series. Revised data for U. S. Treasury bond prices beginning 1931, and TJ. S. Treasury bond yields beginning 1919, appear in tables 17 and 16, p. 18 of the March
1939 Survey.
36 SUEVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—Continued:New York Times (50 stocks)._dol. per share-
Industrials (25 stocks)__ doRailroads (25 stocks) do
Standard Statistics Co., Inc.:Combined index (420 stocks) 1926=100..
Industrials (350 stocks) doPublic utilities (40 stocks). do . . . .Rails (30 stocks) do
Other issues:Banks, N. Y. C. (19 stocks) . .do . . . .Fire and Marine insurance (18 stocks) _do__
Sales (Securities and Exchange Commission):Total on all exchanges:
Market value.-— mil. of dol..Shares sold thousands..
On New York Stock Exchange:Market value mil. of dol._Shares sold thousands..
Exclusive of odd lot and stopped sales(N. Y. Times) .thousands..
Shares listed, N. 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) doIndustrials (125 stocks) doInsurance (10 stocks) doPublic utilities (25 stocks) doRails (25 stocks) ..do
Standard Statistics Co., Inc., preferred stocks:Industrials, high grade (20 stocks).percent.-
Stockholders (Common Stock)
American Tel. & Tel. Co., total number..Foreign do
Pennsylvania Railroad Co., total doForeign do
U.S. Steel Corporation, total doForeign doShares held by brokers percent of total
94.19167. 7320.67
83.197.082.425.0
53.784.3
60318,169
52312, 935
12,933
43, 2301,427
4.04.43.74.15.43.7
I
80.47143. 9317.01
73.987.469.521.8
48.374.5
56626, 635
49920,153
14,008
34, 5851,424
4.95.44.34.86.8
5.32
85.70153. 9217.49
73.186.469.220.5
47.277.5
84239,875
75230,198
24,364
41,9621,427
3.94.83.34.06.25.0
5.29
649,1177,187
217, 7482,953
172, 2193,16622.54
98.90175.9521.85
88.0105.376.527.3
51.285.5
1,62170, 651
1,47457, 636
38, 762
44,7841,427
3.74.73.14.06.14.1
5.17
99.74177. 5321.95
89.5108.075.027.8
49.985.5
40,515
89132,151
20, 723
43, 5261,425
3.84.93.34.06.24.4
5.07
95.68171. 7019.68
86.0103.972.225.5
46.782.8
94340, 542
85032,035
23, 826
43, 5271,425
3.85.03.24.16.24.5
648, 0567,180
216, 8472,928
171,198096
23.65
106. 81189.6923.95
91.1109.677.428.1
51.087.0
1,57367,924
1,39754, 625
41, 561
47, 0021,426
3.64.83.03.95.73.9
105.29186.9923.59
94.7113.680.930.0
49.687.4
1,30653,496
1,15741,923
27,923
46,0811,427
3.85.03.33.95.93.6
4.92
105. 36186.9923.74
92.0110.677.928.8
47.785.3
1,22552, 913
1,06539, 954
27.490
47.4911,424
3. 64.83.14.15.72.9
4.94
646, 6717,173
214,5322,874
168, 3993,08424.89
102.73181.8223.64
91.8109.381.229.8
50.086.1
1,12947, 393
37,051
25,186
44,8841,425
3.84.83.44.15.63.5
4.94
102. 22181.2123.24
90.1106.383.828.0
51.185.7
65526,057
56119,538
13, 877
46, 2711,426
3.74.63.34.05.33.2
4.94
100. 59178. 0123.18
91.7108.085.829.7
53.587.0
1, O.r>840, 384
91631,150
24, 565
40, 9211, 427
4.24.83.84.35.83.9
4.92
645,0337,153
213,1432,853
167, 6502,99824.78
90.46161. 5119.41
81.995.980.024.8
50.481.0
88242, 614
33, 775
20, 247
40, 6731,427
4.24.83.94.45.74.0
FOREIGN TRADE
INDEXESExports:
Total value, unadjusted.. .1923-25=100.Total value, adjusted.. do
U. S. merchandise, unadjusted:Quantity doValue... do. . .Unit value do
Imports:Total value, unadjusted do___Total value, adjusted do. . .
Imports for consumption, unadjusted:Quantity .1923-25=100.Value___ _ do. . .Unit value do. . .
Exports of agricultural products, quantity:Total:
Unadjusted 1910-14=100.Adjusted do___
Total, excluding cotton:Unadjusted do. . .Adjusted.. do. . .
6670
1076662
6361
1116155
5262
9195
249, 259
8,53054,16521, 39497,95512, 9446,2944,460
37,41043, 58342,63722,3566,296
22,6694,9185,4171,621
6872
1056865
4645
844655
7489
133140
257,177
7,45647, 05218, 074
100,41810,0737,2804,686
35, 32555, 21454, 50619,9994,066
27,0399,1215,2071,813
6169
956265
4547
874653
5774
95106
232, 686
8,62247, 58615,48587, 835
8,8596,3304,246
30, 22345,30344,73220,094
4,96623, 247
6,5694,3941,500
6068
946064
4447
884653
6286
102113
227,780
9,19443,11813,93890, 265
9,4735,6204,931
32,23143, 48942, 76917,9673,606
23, 7466,4084,9532,117
6166
966164
5153
1025453
6176
101102
230,621
7,27140, 57913, 607
102,9958,381
10, 2703,621
41,43239,54538,82920,0344,136
20,1964,3184,2222,072
6562
1026564
5255
1025453
7166
8781
246, 321
7,89045,10719, 806
112,70211, 23512, 0574,132
50, 73736, 75236,17021,1564,465
22, 7555,9444,8491,913
7360
1167463
5554
1045654
8362
10187
277,928
10, 30850, 99019, 502
127,71012, 32210,1665,385
56,14042, 97141,89523, 2854,501
22, 6646,0345,3822,123
6658
1076763
5555
995454
8162
9083
252,231
9,76748,49419,104
110,19213, 7888,6205,091
43,23838,99238,51321,473
5,23923,3146,7965,1431,741
7167
1117164
5354
995253
6854
8478
268, 756
13,18561, 59128, 528
112, 67211,1348,3175,141
46, 82529,06728, 45823, 705
5,82928, 5387,7366,7492,139
5655
915662
5555
1005353
6861
9998
212, 908
8,07542,44517, 69295, 83010,8186,3954,381
42,46227,06126, 68420,801
5,58118, 6953,1144,9681,736
5863
925863
4949
894854
6166
8795
218, 559
8,52346,40617, 48495,44510, 653
5,1763,889
38, 67826,25825, 76420,453
5,92821,4724,0675,1201,480
VALUE §
Exports, incl. reexports thous. of dol.By grand divisions and countries:
Africa _ do. . .Asia and Oceania.. _.do.._
Japan do. . .Europe do. . .
France do. . .Germany doItaly do. . .United Kingdom do. . .
North America, northern do. . .Canada do
North America, southern . .do . . .Mexico. do. . .
South America. . .do . . .Argentina . .do . . .Brazil do. . .Chile do.. .
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
7070
11371 I63 I
59 !53 I
112 |60 !54
268, 364
11,56060, 56523, 573
108,14312, 6146,4465,056
41, 87433,09232, 29827, 598
7,99127, 407
5,2816,6642,188
6164
986162
5853
1075854
4755
230, 947
10,10149, 24316,14788, 80912,4684,8064,130
34,31135,05534,53523, 4626,320
24, 2774,0686,0071,479
July 1939 SURVEY OF CURRENT BUSINESS 37
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
May
1938
May June July August Sep-tember October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
FOREIGN TRADE—Continued
VALUE—Continued 5
Exports inch reexports—Continued.By economic classes (U. S, mdse. only):
Total thous. of dol.Crude materials —.do
Cotton, unmanufactured do-..Foodstuffs, total do
Foodstuffs, crude doFoodstuffs and beverages, mfgs.-.do
Fruits and preparations do. . .Meats and fats doWheat and flour do_,_
Manufactures, semi- , do. , .Manufactures, finished -do
Autos and parts doGasoline do__.Machinery do
General imports, total do. , .By grand divisions and countries:
Africa „ do....Asia and Oceania do
Japan doEurope do
France -doGermany doItaly do. , .United Kingdom _ _do
North America, northern doCanada do
North America, southern do. , .Mexico do
South America do__.Argentina do_,_Brazil do__.Chile.— do. . .
By economic classes (imports for consump-tion):
Total _ thous. of dol.Crude materials do. , .Foodstuffs, crude. _ do. , .Foodstuffs and beverages, mfgs do__.Manufactures, semi- doManufactures, finished do. , .
245,91330, 2437,458
26,92710,80816,1195,8444,8517,601
48, 247140, 495
23, 7539,414
44, 401202, 502
8,64059,45410, 74758,9467,1222,8853,289
15,19228, 85028,32322,1783,995
24,4344,3557,4202,750
194,19362, 27725,88626, 06239,85740,411
253,61534,77010,40348,16934,14014,0297,1954,431
13, 24142,649
128,02820, 5638,732
42, 382148,260
4,81142,8687,020
40,6823,5844,8293,1728,693
20,96820,48719,3054,184
19, 6263,4417,0042,522
147,24340, 24819, 55526,17727,84633, 418
229,51534,4989,442
34,55620,98813,5684,2964,2028,226
37,015123,44717,2028,811
41,545145,898
3,04745,71610,68840,1093,2484,5344,1847,889
19,82919,02717,9104,215
19,2871,9096,6862,310
147,93838,00320,48526,65730, 36032,432
225, 11132,80910,46038,02924, 55613, 4736,9144,049
11,43637,270
117,00317,4699,042
39,719140,836
4,41636,9098,594
39,7813,5894,3932,5877,262
22,80321,97317,9644,606
18,9631,6897,5641,171
147,79743,23620,34423,71129,60730,899
228,14343, 78910,68935,82622,16413,6627,5193,1509,064
35,615112,91212,2999,572
39,461165, 540
5,85144,39410,10349,3664,3575,6272,824
10,14323,89923,33421,3293,295
20, 7012,8357,4321,571
171,05349, 49821,66327,82935,03037,033
243,62159,60520,51131,39114,25417,13710, 3653,9444,038
40,159112,46514,1718,370
36,626167, 651.
3,79946,89911,83962,1506,3975,7943,170
10,44524,18623, 50017,9242,440
22,6933,8828,8201,681
172,94752,37720,47328, 63933, 59137,868
274, 31972,13224,05633, 29012, 50920,78113,2534,1104,030
44,454124,443
17, 3039,085
38,653177,979
6,08149,13111,67868,7145,9927,2894,520
13,80127,04926, 24916,1833,134
21,8213,6318,5361,648
178,46053, 70821,12027, 24035,75340,639
249,69459,86725,01629,47412, 04517,42910,1164,1134,473
39,955120,399
25, 4178, 516
34,550176,181
4,06956,03314,05354,6235,1916,9233,656
12,89825,83925, 23212, 5663,084
23,0513,5669,1501,567
171,65252,35523, 78822,99535,17237, 342
266,17149,37619,04828,42211,17017,25210,0004,2X)44,588
50,499137,87429,16112,29240,908
171,474
4,14552,13012,02053,6095,5866,2563,397
12,25124,30023, 55412, 7534,748
24, 5384,2529,1912,457
165, 52253,46523,09320,88735,26532,812
210, 25836,39114,97531,05116,44314,6087,2274,5968,201
35,452107,36521,3967,449
31,217178,201
3,74151,81811,28551,2734,7035,2313,266
11,33126,13625,22217,9245,429
27,3096,6338,4203,277
169,32353,89026, 77416, 63837,15834,864
216,03636, 48513,73226, 55311,40215,1516,4044,1457,403
34, 868118,128
25, 3356,367
34, 605158,035
6,47042, 7807,896
47, 7225,2344,9302,669
10,99520, 30220,12918, 650
5, 27022,1026,0867,6072,272
152,52848, 07322,94718,63534,04728, 827
264, 57840, 07216,95827,96612, 28715, 6797,0174,7246,406
45, 658150,88228,5048,378
49,390190, 437
6,96459,9529,707
52, 2985,6925,1713,976
11,97123, 55923,12822, 7326, 326
24,9325,4609,4212,583
191, 22659, 50728, 20526, 29638,82238,396
227, 59726,0169,185
23, 6219,810
13,8116,6563,6985,459
41, 008136,95124,9216,553
43,882186,195
8,57151.16210, 60757,5745,411
13, 8293,289
11,57226.16325, 67119,4064,442
23, 3194,3577,8673,813
185,80054,94024, 05325, 03637,93643,836
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue thous. of doLOperating income. do. . .
Electric Street Railways
Fares, average, cash rate .cents..Passengers carried t ....thousands..Operating revenues thous. of doL.
Class I Steam Railways
Freight-carloadings (Federal Reserve):Combined index, unadjusted...1923-25=100..
Coal do_Coke do.Forest products doGrains and grain products doLivestock doMerchandise, 1. c. 1 doOre doMiscellaneous do
Combined index, adjusted doCoal _ doCoke. doForest products .doGrains and grain products doLivestock. do. , . .Merchandise, 1. c. 1 doOre doMiscellaneous.. _ do. . .
Freight-carloadings (A. A. R.): 1Total cars thousands..
Coal doCoke doForest products doGrains and grain products doLivestock doMerchandise, 1. c. 1 doOre. doMiscellaneous.. do
Freight-car surplus, total do._»_Box cars doCoal cars . . - do
7.873811,584
624440417336618173615142408140615870
2,3722971912113749612121
1,0162119087
9,165124
7.909773, 67455, 650
37603764686735357742602661
2,1863441610613051597f5887328152133
8,931124
7.909737, 23553,241
684934378032596264585837358239598662
2,7604322013218653717118
1,101316141132
8,251109
7.889680, 25549,615
62523637123345960666162433789
3265
2,273363171042234456390879256105112
8,409123
7.889700, 56951,132
6366384110137616368626346408437603467
2,3923821812019149
22910092
9,497116
7.889729, 66352,229
2,5534682212014863604106
1,0221698649
9,404127
7.889789, 69556, 582
757650439562657182686950429544624872
,54266831159221102799141,422H46842
9,240131
7.889775,46155, 274
707658397653624176697058408144617474
2,530511
2610913769
59465
1,0181758551
11,3389-20
7.888838,707
60, 028
647858377240592367696953438341619274
2,949664
3513116367
70844
1,138221106
71
8,58671
7.888790,120
56,869
63766437714059226569675542794162
10276
2,302515
30103129
53561
33878218106
67
S, 499
7.873737, 164
53, 361
2,297£29
3099
11642
57734
87020910263
7.873835,136
59,702
636657366732622170666255367340628673
2,390478
2910512542
PI 233
9672029567
7.873788,94156,628
583647396837623172CO4356387640fil7570
2,8323502P
14015961
77558
1,26126586
146
^ for June, October, December, 1938, and April, 1S39, are for 5 weeks; other months, 4 weeks.tFor comparable monthly figures, January 1929-December 1936, see table 10, p. 15 of the March 1939 Survey.
revised; Fee p. 37 of the April 1939 issue.§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
Data shown in that table beginning January 1937 have been
38 SUEVEY OF CURKENT BUSINESS July 1939
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
M a y
1938
May June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Steam Railways—Continued
Financial operations:Operating revenues, total thous. of dol_
Freight do._.Passenger do...
Operating expenses do__.Net railway operating income do...Net income do...Operating results:
Freight carried 1 mile mil. of tons.Revenue per ton-mile cents.Passengers carried 1 mile millions.
Waterway TrafficCanals:
Cape Cod thous. of short tons.New York State - do...Panama, total thous. of long tons.
In U. S. vessels ..do...St. Lawrence thous. of short tons.Sault Ste. Marie - _ do.._Suez_ _ thous. of metric tons.Welland thous. of short tons.
Rivers:Allegheny do._.Mississippi (Government barges only).do.__Monongahela do...Ohio (Pittsburgh district) . do...
Clearances, vessels in foreign trade:Total.. _ thous. of net tons.
Foreign do...United States do.-.
TravelOperations on scheduled airlines:
Passenger-miles flown thous. of miles..Passengers carried number..Express pounds..Miles flown. thous. of miles..
Hotels:Average sale 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 do_...Emigrants do—Immigrants do—Passports issued do—
National Parks:Visitors do....Automobiles do—
Pullman Co.:*Revenue passenger-miles ..thousands..Passenger revenues thous. of dol_.
COMMUNICATIONS
Telephones:Operating revenues thous. of dol_.
Station revenues do—Tolls, message do—
Operating expenses --do—Net operating income - do—Phones in service end of month, .thousands..
Telegraph, cable, and radio-telegraph carriers:Operating revenue, total thous. of dol..
Telegraph carriers, total— . .do—Western Union Telegraph Co., revenues
from cable operations thous. of dol..Cable carriers do....Radiotelegraph carriers do—
Operating expenses _- do—Operating income do—Net income do—
302,618243,64131,753
237,41125,101
363735
2,539921
1,1895,799
1,324
136P 6 5661655
6,2414,7661,475
63, 361162,682725,0617,122
3.206390
16, 080
272,609217,860r 30, 831217,054r 16,666* 25,503
23, 7061.0121,683
303466
2,309804
1,5123,3652,3551,740
156217
1,083679
6,2184,5261,692
48,813119, 293499,9806,278
3.1461
20,75423, 3812,1776,05724,979
250, 56872,475
604,8863,779
96, 28963,74124,13266, 32317, 42617,366
10,8899,346
485793749
10,07784
<* 755
282,140222, 71834,988218,19225, 001
<* 15,954
23,8861.0201,889
285671
2,122709
1,1845,3642,2131,459
208195
1,027704
6,4454,8121,634
47, 515115,255658,7106,137
3.186093
22,94331,7922,4055,748
25, 752
462,038132,460
720,8034,418
96, 30563,29624, 57765,69617,75217, 344
11,1859,597
499803785
9,909550
'186
299,641238,14638,036222,22438, 387* 3,955
26, 312.9982,118
270524
2,026810
1,1785,5522,5081,529
246226
1,141755
6,7314,9011,830
50,859127, 590541, 3466,271
3.195582
32,41455, 5282,6166,38513,094
857,931238,139
739,3904,407
94,95461, 58724,80065,50516,45817, 335
10, 6189,049
529809760
9,86139
'764
315, 387253, 59236, 330229,63245, 3771,097
25, 2361.0031,976
263697
2,172810
1,2156,2372,4821,588
263256
1,279
6,9585,2081,749
56, 405143,488623, 7706,360
3.2957
56,90651, 6462,2867,3579,059
811, 209226,102
683, 5934,409
96, 48262, 02925, 98466, 23917, 26117, 373
11, 0929,524
485791111
9,935431M08
322,595261,30334, 427232,04050, 3626,277
29,110.9771,825
278480
1,998779
1,2966,6242,2481,786
223224
1,422967
6,5164,8161,700
54,806139, 297877, 5646,151
3.286185
58,02731,8482,2278,2265,138
428,827125,436
715, 5294,555
96,72562,85025, 42867, 03016, 79117,465
11, 5509,851
586
953199
353, 441293, 76231,459242,40968,56624,068
32, 757.9771,662
328684
2,360888
1,4297,1412,4602,030
249190
1,5951,055
5,7694,1031,666
56, 828143, 993855,1516,302
3.3265
31,71019,9312,0818,8255,122
236,77171, 416
651,8514,239
65,10525, 92967, 63418,63717, 528
11,1569,491
569861804
9,903558
rf 356
319,682264,135
30,211231,257
49, 6657,422
28,4711.0041,564
327845
2,224789
1,0654,4662,2701,652
244215
1,710991
5,6784,0371,641
46,090113,621685,389
5,776
3.476094
15,64916,103
2,157§,8445,589
77,75023, 783
585, 2893,912
98,53164,89724,95967, 43418,94617,593
10,7519,114
522830807
9,99169
«* 774
318, 336251, 320
37, 913232, 704
49,37322, 225
28,133.981
1,928
3480
2,374807
5323
2,422181
180171
1,7981,074
5,0623,8131,249
41, 59499,119
761, 0905,665
3.265488
16,61418, 7652,6638,0425,184
57, 67716, 798
687, 3694,488
101, 55266,18826, 59169,44418,83517, 704
12,40810, 553
570976879
10, 7561,041
291
305,769246,803
34, 785232,946
32, 891d 8, 721
28,152.964
1,790
3420
2,393753
00
2,1660
175183
1,5681,003
4,6703,5391,132
38, 40389,002
577,9825,453
3.216488
19, 55624, 3072,3445,6615,927
74,83420, 587
793, 2295,263
99, 23465,81524, 73167, 28118, 52717,735
10, 5498,829
527856864
9,81615
d884
276,904224,81930,237
220,61918, 591
d 24, 364
25, 553.972
1,555
3260
2,207689
00
2,2770
135124
1,557880
4,7343,6071,127
35,00281,131
564,9285,032
3.286386
25, 59028,224
1,4795,9594,865
62,84817,618
654, 8964,473
96, 06464, 50422,95464,15518,43817,808
9,9878,436
463756795
9,319d 1 7
d934
315,091257,469
31, 201240, 359
34, 317d 10, 505
28, 831.988
1,618
3170
2,664873
00
2,5610
199' 136
1,7421,114
5,4244,1601,263
49, 445117, 071685, 274
6,125
3.156483
31,90921, 673
1,7028,0768,383
72, 28021, 779
715, 4204,769
101,61066, 49126, 49868, 45619, 47917,897
11, 5779,717
5889019G0
10, 031814405
282,118224, 58831, 791227, 62215, 257
d 27, 896
23, 983
362101
2,4738925043
""260
101169348469
5,2804,0381,242
53, 483133, 469663, 8846,268
3.3763100
25,37421, 5751,8517,0638,839
164, 73648,892
684,4444,447
100, 08366,16225, 27565, 68320, 57617, 974
11,0129,383
502768861
9,809512
d 387
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:Consumption thous. of wine gah_Production - doStocks, end of month. _ . do
Alcohol, ethyl:Production thous. of proof gal__Stocks, warehoused, end of month doWithdrawn for denaturing . do _Withdrawn, tax paid _ _ do
Methanol:Exports, refined§._ gallons..Price,refined, wholesale (N. Y.) .dol. per gal__
Crude (wood distilled) thous. of gal__Synthetic do—
8,2038,4901, 766
18, 60031, 07815, 0322, 009
18, 441.36
3541,779
6,0726,092
' 1,141
14,25333,86710,6152,340
24,198.36
3311,860
7,8127,8691,192
16,39532,04714, 4003,506
10, 525.36
2931,630
6,7256,7111,170
16,37033, 72712, 3501,684
10, 609.36
3091,450
7,6487,8461,416
17, 28435,17614, 483
1,590
7,743.36
2821,898
9,1249,1811,466
15,80032, 73616,072
1,639
22, 716.36
3031,930
11,18811,101
1,364
17,01728,31918,9862,111
8,431.36
3352,295
10,30910,1951,233
15,16423, 27717, 2492,439
12,648.36
3442,618
10, 4335,5001,285
16, 77220,89517, 389
1,841
25,990.36
3572,844
6,7206,8281,379
17,06724,43311,327
1,691
24, 355.36
3522,463
6,5676,4541,260
14,67126,07211,198
1,350
26, 359.36
3362,267
7,5787 6161,294
17, 42327, 74113 202
1,851
10, 806.36
3652,407
7,5237 7191,485
17, 85929, 62513 2532 076
24,195.36
3892, 276
' Revised. * Deficit. » Preliminary*New Series. Data for Pullman Co. revenue passenger miles beginning 1915 and passenger revenues beginning 1913 are given in table 7, p. 18, of the January 1939 issue.§Revised series. Data revised for 1937; see table 19, p. 14, of the April 1939 issue.
July 1939 SUKVEY OF CUERENT BUSINESS 39
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
M a y
1938
May June July August Septem-ber
Octo-ber
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary March April
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Explosives, shipments. thous. of lb_.Sulphur production (quarterly):
Louisiana long tons..Texas. do
8ulphuric 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 doTo others .do
FERTILIZERS
Consumption, Southern Statesthous. of short tons..
Exports, total! long tons..Nitrogenous! doPhosphate materials! doPrepared fertilizers!- _do
Imports, total! doNitrogenous, total! d o . . . .
Nitrate of soda!. doPhosphates! doPotash!. _ ..do
Price, wholesale, nitrate of soda, 95 percent(N. Y.) dol. percwt. .
Superphosphate (bulk):Production _ short tons..Shipments to consumers doStocks, end of month _do.. .
NAVAL STORES
Pine oil, production gallons.Rosin, gum:
Price, wholesale " H " (Savannah)dol. per bbl. (280 lbs.).
Receipts, net, 3 ports bbl. (500 lbs.).Stocks, 3 ports, end of month do . . .
Rosin, wood:Production... . d o . . .Stocks, 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...
Turpentine, wood:Production . d o . . .Stocks, end of month . d o . . .
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and FishOils (Quarterly)
Animal fats:Consumption, factory thous. of lb_.Production... do.Stocks, end of quarter _do.
Greases:Consumption, factory do.Production do.Stocks, end of quarter do_
Shortenings and compounds:Production _ do.Stocks, end of quarter do.
Fish oils:Consumption, factory do.Production do.Stocks, end of quarter »_do.
Vegetable Oils and Products
Vegetable oils, total:Consumption, crude, factory (quarterly)
mil. of lb__Exports thous. of lb_.Imports, total§_ do
Paint oils§ doAll other vegetable oils§ _ _do
Production (quarterly) mil. of lb_.Stocks, end of quarter:
Crude— doRefined do
Copra:Consumption, factory (quarterly)
short tons. .Imports doStocks, end of quarter do
29,315
108,889
16.50155,902
8,85320,771
38,12338, 835
312148,09512,142
112, 773302
145, 43299,07462, 0107,033
10, 415
1.450
277,437139,648778,758
0)
4.9457, 079
625,138
( 0C1)
.3014, 638
104, 759
()0)
4,31495, 684
9,38286, 303
20, 880
24,904
119,218
16.50137,764
15, 73320,778
24,33737,004
276127,496
16,744103,930
1,407128,498101,41673,0252,5471,669
1.450
283,189117, 258949,442
289,080
4.34115,113243,463
44,468184, 735
.2327,48575,607
6,94412,889
4,61971,1386,830
64,308
27,908
25,445
80, 545522,108
102, 228
16.50114,199
15, 93721,977
19,40034,323
11699,717
3,84892, 764
21388,93875,31155,063
1,2346,403
1.450
235,98623,393
1,054,545
275,719
4.44123,026323,280
40,866174,575
.2329,82487,077
6,594
204,950419,460374, 375
47, 74588,15862, 557
322,43744,697
46,1793,346
159, 386
8273,984
98,4199,589
88,830527
738662
55, 54114,64264,018
23,136
92,189
16.50109,969
18,49824,249
22, 31233,112
59112,944
3,378103,228
49760,23536,833
73819,414
1.450
219,9366,592
1,058,452
0)
4.61121,396402,121
0)0)
.2328,877
104,147
2,35989,04814, 77974,268
24,305
27,663
128,312
16.50131,106
30,38825,097
27,42233,462
44146,63627,504
108,665169
79,65248,97724,450
1,82727,908
1.450
283,01521,340
1,057,215
4.48121, 505475,130
0)0)
.2329,480
116,859
0)0)
1,82484,63611,85072,786
17,927
30,443
72,520472,986
126, 974
16. 50133, 266
38, 53118, 560
26,03234, 973
137116,82824,04787,824
369131,40775,84920,8298,276
42,407
1.450
279,381108,470
1,160,299
0)
4.14119,818542,161
(*)0)
.2131,745
130,897
0)0)
238,802395, 795296,157
48,65679,78756, 400
411,94945,270
51,95097, 753
206, 906
3,02780, 42411, 30369,121
580
714494
54,08320,09244,953
32,151
151,083
16.50161, 285
40, 28421, 564
28,97140,904
121134,92920,27193,058
261158,14082, 57632,9719,337
64,124
1.450
314,35946, 980
1,249,272
5.1287,935
588,870
0)0)
.2217, 670
128, 334
0)0)
3,79890,1899,372
80,817
23,105
29,385
147,592
16.50171,106
31,18218,494
37, 75238,447
146147. 58720, 207
123,339413
116, 29850,231
4,8516,046
58,730
1.450
326, 79417,717
1,322,306
0)
4.8997, 664
660, 252
0)0)
.2918, 364
134,460
0)()
2, 20494,98215, 41479, 568
15, 437
28,415
68,900478,774
148, 289
16.50176,923
20, 60427, 515
33,08040,915
217133,29525,119
101,18672
149,798?8,12432, 336
3,421
1.450
343, 20417,147
1,361,127
4.3448,095
678, 731
0)0)
.2810, 593
133,921
0)0
222, 460565,816312, 725
44,48087, 25361, 276
370,75955,662
71,664102,193256, 352
1 Discontinued by the reporting source.fRevised series. Data for 1937 revised; see tables 19 and 20, pp.
9972,656
92, 61310, 52582,089
977
870
58,41426,74536,525
29,258
142,451
16.50181,386
20,41822,343
38,08540, 850
43685, 54211,31771,045
83141,898118,15963,854
90320,186
1.450
322,21129,340
4.9020,473
657,839
0)0)
.312,390
123, 584
0)0)
2,81591,69211,41480,278
20,967
26, 592
138,273
16.50169, 769
18, 75123, 778
39,16735,545
62785,09515, 64566, 552
340109,932101, 39654,552
9696,795
1.450
312, 28454,893
1,2S&,536
0)
5.2113,757
642,825
0)0)
.321,908
118,954
0)0)
4,13685,4668,169
77, 298
17,491
27, 801
83, 260405, 263
119,081
16.50169, 952
11,95117, 508
35,10042, 864
1,476123, 687
6,72397, 983
476138, 782116,80642, 920
3,59917, 235
1.450
301, 694161, 202
1,106,679
0)
5.6519, 367
609, 502
0)0)
.353,256
109, 626
0)0)
233, 456501,165346, 321
48,18286, 41954,170
354,69251,163
66, 51247, 713
242, 725
9523,994
98, 01010, 70887, 302
832
860760
59, 47;22, 63035, 816
26, 341
112, 593
16.50145, 689
15,02116, 542
33,20235, 528
1,271136, 328
5,365123, 270
343191,057167, 558115,188
1,46216, 580
1.450
286, 747216, 671815, 911
0)
4.8643,810
615, 381
0)0)
.309,799
107, 339
0)0)
4,20 260, 45 512,13648,319
11,643
14 and 15 of the April 1939 issue.
40 SURVEY OF CURRENT BUSINESS July 1939
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
M a y
1938
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Continued
Coconut or copra oil:Consumption, factory:
Crude (auarterlv) thous nf lbRefined (quarterly)
In oleomargarineImports§ ._ _--Production (quarterly):
RefinedStocks, end of quarter:
Refined
do.do __.do . . . .
dodo
dodo
Cottonseed:Consumption (crush).... thous. of short tons..Receipts at mills .- doStocks at mills, end of mo - do
Cottonseed cake and meal:Exports -- short tonsProduction - - _do—Stocks at mills, end of mo. do
Cottonseed oil, crude:Production thous. of lb_.Stocks end of month do
Cottonseed oil, refined:Consumption, factory (quarterly) do
Price, summer, yellow, prime (N. Y.)dol. per lb__
Production thous. of lb_.Stocks end of month - do
Flaxseed:Imports§ thous. of bu_.Minneapolis:
Receipts . . _ do• Shipments .
Stocks _Duluth:
Receipts -- -ShipmentsStocks - -
Oil mills (quarterly):
.do... .
. do—
.do....
.do....
. d o -do
Price, wholesale, No. 1 (Mpls.)-dol. per bu._
Linseed cake and meal:Exports§._ thousShiDments from Minneapolis -
Linseed oil:Consumption, factory (quarterly)
thous
oflb..do.-..
oflbPrice wholesale (N Y ) dol. per lb
Shipments from IVIiniiG&polis
Oleomargarine:Consumption (tax-paid withdrawals)
thousPrice, wholesale, standard, uncolored
ca^o) - dol. \Production thous
Vegetable shortenings:Price, wholesale, tierces (Chicago)
dol. i
PAINT SALES
Plastic paints, cold water paints, andmines:
Plastic paints - ..thous.Cold water paints:
In drv formIn paste form « -
Calcimines - - -Paints, varnish, lacquer, and fillers:
TotalClassified total . -
Industrial . -Trade _.
Unclassified
oflbdodo
oflb._(Chi-
ter lb_oflb
:>erlb__
calci-
3fdol-
do. ..do . . . .do
.do—.
.do—
.do....
.do....
.do....
CELLULOSE PLASTIC PRODUCTS
NItro-cellulose, sheets, rods, and tubes:Production _ thous. of ib__Shipmentsc? - - - do_
Cellulose-acetate, sheets, rods, and tubesProduction. _ thousShipments^ - -
oflb.,do
ROOFING
Asphalt prepared roofing, shipments:Total _ thous. of squares..
Grit roll doShingles (all types) - . . do
do
38, 450
19958
194
8193, 845
173, 019
68, 322137, 785
.06682, Oil
639, 328
1,155
6138
280
0)02
1.83
40, 8497,280
.089
6,480
.135
.093
45
230338305
40,13828, 546
9,61118,93511,592
1,036940
491509
7,75923,821
20683
472
81597, 927
280, 848
70, 25287,882
~~9,~ 958'
.081107,008599,176
876
18346
530
11110
1.86
23, 5184,482
.092
7,193
28, 774
.13828, 516
.102
45
184236286
35, 29424,1157,823
16, 49211,179
668755
258253
2,192604859730
150, 79372,9437,433
32,139
70,47779, 790
194,14513,493
15578
394
7,52074,185
259,002
52, 34546, 481
351,9699, 502
.08079, 740
566, 450
763
22511
536
747310
3,9891,4721.81
24,3225,380
81,892.087
77, 5137,261
145, 909
27, 890
.13428,146
.103
43
166203243
32, 39022, 386
7,41814, 96810,003
612722
288323
2,436682862892
6,33131,186
12770
337
4,42256, 630
214, 611
41, 84333, 834
8,181
.08653, 829
487, 928
927
7027
468
140
24
1.83
27, 2166,032
.086
6,589
25, 671
.14525, 512
.106
43
148225213
26, 73018, 5126,603
11, 9098,218
634731
658602
2,404699811894
7,28222,052
223262371
1,72799,884
216,879
67,60346, 382
" ~~97686~
.08153,996
409,781
1,288
1,961221795
357128253
1.73
28,6926,776
.084
5,436
28, 371
.15828,718
.108
44
159244242
28, 82119,7477,249
12,4999,074
9771,017
546530
3,212900
1,0751,237
154 32777, 3658,711
32, 579
68,03382,506
184,34213,001
5761,2741,069
3,745256, 390259, 659
178. 632111, 708
350,99010, 246
.07892, 352
397, 382
1,346
1,28676
1,499
833416670
5 0433 0191.79
41, 57711,679
80, 736.084
98 4078,263
113, 012
32, 000
.15532. 387
.103
42
162219282
29, 76920.1147,879
12, 2359, 655
9741,030
592616
4,0121,1301,2651,617
8,42026,824
6651,1551,559
2,200294, 408295, 380
203, 746151, 570
"" 16,181"
.076161, 768446, 739
1,381
45087
1,416
241324586
1.84
44, 74611,670
.087
6,867
31, 824
.15331, 092
.100
47
156'253'245
28, 773!20, 4868,481
12, 0068,287
1, 0511,124
9451,048
4,0951,0621,4011,632
7,02339, 792
630631
1,560
1, 235284,458313, 538
195,809168,457
"i6~867~
.074162, 361503,890
1,565
205152732
152620152
1.84
47, 3027,913
.083
4,771
29,812
.15030, 221
.098
34
115190226
25, 28018,3678,3979,9706,914
1,0181,008
1,3321,251
2,583630836
1,117
150, 92278,573
7,~ 2Q434,725
73, 68582 743
202 30113, 332
534327
1,353
4,468237,933313,348
163,035175, 377
301, 39810,577
.074143, 8£3563, 794
1,474
13680
637
18
112
7,2062,389
1.90/ 8,171
51, 8209,760
72, 419.086
139,1063,209
141, 785
29, 991
.14330, 373
.096
30
113169222
20,51515,0367,4177,6195,478
789937
1,1121,032
2,076515527
1,035
7,24423,101
451152
1,054
407205, 494289,286
145,077178, 203
9,884
.071138, 022609, 950
2,111
10747
524
(02
110
1.99
50,7348,320
.085
3,960
30,350
.14030,319
.093
32
126211235
24, 22917,8288,1809,6486,401
923956
896856
1,439359358721
5 29529,122
36795
782
189169,766245,221
116,438180, 666
9,412
.067110,492633, 329
2,248
3830
452
10
111
1.92
50,1805,720
.085
3,900
27, 774
.14027, 701
.091
33
144219251
24,41517, 395
7,9829,4137,021
1,049977
9891,014
1,140374391645
154 40864 957
4 72941,370
75, 45775 064
202 32213,735
399136518
389188,051196, 544
129,265177, 466
285, 2309,678
.069131,956642, 463
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, 55523,003
9,62613,377
8, 551
1,3151,171
1,0781,029
2,910692891
1,327
3 42822 889
25673
336
506115,729177,134
84, 753164, 945
7,584
.06698, 803
658, 332
1,416
3558
283
129
2
1.89
50, 3968,280
.089
9,780
23, 622
.14023, 325
.093
46
210317282
32, 66623,8309, 469
14, 3608,836
1,116950
508522
3,289785
1,1501,355
-
» Less than 500 bushels t Dec. 1 estimate.cf Includes consumption in reporting company plants; data for this item beginning 1935 are shown separately in table 15, p. 18, of the March 1939 issue.§Revised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
July 1939 SURVEY OF CURRENT BUSINESS 41
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
M i y
1938
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March
ELECTRIC POWER AND GAS
ELECTRIC POWER j
Production, totali mil. of kw.-hr.J 10,399By source: j
Fuel do I 6,171Water power do
By type of producer:Privately and municipally owned public j
utilities mil. of kw.-hr.-jOther producers do i
Sales to ultimate consumers, total f (Edison JElectric Institute) mil. of kw.-hr.-i.Residential or domestic do |_Commercial and industrial do |_Public street and highway ltg— -do |.Other public authorities do ;_Sales to railroads and railways do j .Interdepartmental do ]..
Revenues from sales to ultimate consumers i(Edison Electric Institute) thous. of dol.J.
9,543796
GAS§ |Manufactured gas: I
Customers, total __ thousands..;Domestic do jHouse heating , do iIndustrial and commercial __._do ,
Sales to consumers .. .mil. of cu. ft..!Domestic do IHouse heating do jIndustrial and commercial do :
Revenue from sales to consumers ithous. of dol.-'
Domestic do jHouse heating doIndustrial and commercial do '
Natural gas:Customers, total thousands.-
Domestic doIndustrial and commercial do
Sales to consumers mil. of eu. ft jDomestic do !Ind'l., com'!., andelec. generation do
Revenues from sales to consumersthous. of doL.
Domestic .doInd'l., com']., and elec. generation do
3,898
8,571511
7,2311,4654,972
136189428
41
170, 983
9,222193463
29,05416,4893,3449.049
j30,134 |22,255
1,9325,817
6,9996, 484
51290, 32825, 42763, 388
31,96818,60013,128
8,710487
7,4371,4815,185
125193414
39
174,271
9,8409,184
185460
27,66017,1271,6998,684
29, 57722, 551
1,2805,642
9, 596
5,8883,708
9,019504
7,5621,5025,296
130189410
36
176,099
9,8499,201
176461
25,13615, 949
8568,155
27, 48421, 350
6986,336
6,9606,468490
81, 23719, 42660, 664
27,14115,15011,818
6,944 I6,459483
78,31216,09561,019
25,08912,90311,988
10, 246
6,4023,845
9,650531
8,0931,5275,773
144199413
36
182, 380
9,8629,212
180460
23,84214, 642
6828,386
25,89419,884
5895,312
6,9736,486
48579, 48714,373 !63,756 j
9, 898
6,3773,520
9,314524
8,1901,6115,786
156194407
37
185,948
9,9479,284
196458
26,32516, 466
28, 38321, 804
8195,652
7,0216,531
48884, 37815,51367, 466
24,082 I 25,21611,885 12,27911,990 12, 737
10, 270
6,8683,402
541
8,3351,6385,835
178196449
38
188,019
9,9369,264
212450
29,18017, 6552,1479,179
30, 57322, 8691,6565,919
7,0826,571
50992, 95819,48572,102
29, 02414, 85313,974
10, 303
6,7603,543
9,690554
8,4751,7235, 84919719447934
192,178
9,9269,241
220456
30,45916,0414,8479,365
30,88121, 8072, 7906, 151
10, 882
6,9763,906
10,332
550
8,7791,8435,94020620554738
198,991
9,9479,254
227458
34,60016,1968,3069,853
33,31021, 9234,7636,478
7,1946,637
554107, 53629,13577, 633
36, 22620,28015, 801
7,2206,655
563126,09342, 88181, 704
45, 61927, 75117, 630
10,641
6,8993,742
9,654
5,8283,826
i, 853 8, 900
8,8061,9875,850
19220353142
8,3241,8155,615
166194493
42
201,330 190,219
9,8869,201
212465
34,76117,2118,1019,250
33,73422,1255,1966,292 !
7 , 1 5 6 '••6,603 ,550 I
129, 39849,17778,736
50, 27932,14117, 899
9,9149, 225219461
33, 66216,6878, 0048, 785
32,81121,0385, 4296, 227
7,1636,615
f>46134,51551,29181,770
51,19732,61918,331
6,1164,450
9, 751816
8, 3981,7195,751
159202524
41
186,714
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
April
' 9,955
r 5, 562r 4, 393
r 9,173r 781
9,8949,197
218467
32,62616,2426,074
10,144
31, 58621, 2523,8406,368
7,1786, 626549
113,37936, 51075, 465
41,03424, 84515, 958
FOODSTUFFS AND TOBACCO
BEVERAGES j
Fermented malt liquors: jProduction ...thous. of bbL.Stocks, end of month do 'Tax-paid withdrawals do j
Distilled spirits: IProduction, total thous. of tax gal_J
Whisky do 1Stocks, total, end of month .do |
Whisky . . .do jTax-paid withdrawals _.do I
Whisky do. . . . !Rectified spirits, and wines, production j
thous. of proof gal..
DAIRY PRODUCTS )Butter: j
Consumption, apparent f thous. of lt> |Price, wholesale &2-score (N. Y.) j
dol. per lb. . |Production, creamery (factory)f.thous. of 3b._|Receipts, 5 markets J do jStocks, cold storage, creamery, end of month I
thous. of lb.JCheese: j
Consumption, apparent t -doImports doPrice, wholesale, No. 1 Amer. (N. Y.)
dol. per lb_Production, total (factory) f thous. of lb_.
American whole milk f doReceipts, 5 markets doStocks, cold storage, end of month do
American whole milk do
>, 650), 080i, 079
), 743% 971L, 773),271>, 8781,878
i ,-,9,419
.24193, 70177, 960
85,168
77, 6874, 853
. 1477, 30060, 64014,40279, 18064, 719
199590£61
658653067162443111
122
164,403
.26199,70678, 992
55,266
r 75,1564,233
15* 85, 900r 69,28112, 46591, 16079,345
5,5119, 6615, 204
6,8574,721
497, 528471,1606,5925,175
3,311
i39,741
.26205, 59990, 433
12C,351
72, 2514,309
1591,70071, 24716,461
114,78899,676
5,1359.1895,387
5,6923,915
496,903470, 4015,7324,313
2,983
132, 413
.26184,77877, 740
172,622
64,1743,881
.1580,00063,06516,880134,351114,607
5, 3378, 5405,748
6,0954, 217
496,012469,451
5, 6724,226
2,772
138, 602
.26167,21589, 250
201,252
57,8384,042
.1469,80055,83014,718150, 248127, 862
4,3138,2424,428
9,2944,997
495,163468, 480
7.4915,837
3,504
140,216
.26149,91478,843
210,703
68, 2004,445
.1354, 40042, 79116,345
140, 755121, 423
3,5957,5704,134
18, 9238,119
495,003466, 37610, 2038,173
4,480
152,408
.26136,13264,457
194,285
69,2037,018
.1553,87741, 26715, 764132,326115,351
3,7317,3673,774
22,14710, 562
501,207466,17611,7459,571
3, 5377,0813,669
16,95610,780
505,670466,8099,7247,693
3,642 j7,4673, 103
11,8299,193
510,194470, 2516, 2465.008
5,362 ; 4,774 j 2,973
150,912
.27116,04260, 495
159, 254
52,0885,925
.1441,40730, 25110, 537
127, 440109, 738
.28121,79053, 269
128,872
50,4284,083
.1538,72827,89910,998120,174102, 563
3,4827,7743,031
10,7028,735
513,454472, 7836,0915, 003
2, 683
4,8,3,
13,9,
516472
489265816
019984755143
8,569
6,
3
794
817
.26128, 30355, 705
111,354
.26121,06553, 9.r)5
56,702 I 57,1014,001 4,425
4,8,3,
10,8,
ma746985
876443
519,158477,7,5,
1356017?7
153,152 ! 145,603 139,535 J 153,186
.24
3,670
153, 009
.23139,331 j 145,12360,091 59,385
92, 780 78, 909 r 70, 909
62, 356 64, 7014,881 | 3,927
.1439,168 :28,171 '10,753106,41190.401 1
37,27
lli91,77,
.14992175492485270
47,34,11,81,
• 1 4 |775 i2819(50653
68,812 !
54,41,11,
r 75r 62.
. 146001451573458(; (
r Revised.§ See note marked with a "f" on p. 41 of the June 1939 issue.f Beginning January 1938, ^classification of certain items has affected the comparability of several of the series to a slight degree. Through 1938 "other sales" include
"interdepartmental" and "other sales" as reported by the compilers. Beginning January 1939 the item "other sales" has been divided between "residential or domestic"and "commercial and industrial"; and a small volume of sales formerly classified under "public street and highway lighting" was transferred to "other public authorities."For 1937 revisions in consumption and production of butter, consumption of cheese, production of American cheese, and production of condensed and evaporated milk, seep. 41 of the December 1938 issue. Total production of cheese has been revised beginning 1920 to exclude cottage, pot, and baker's cheese; revisions not showrn on p. 41 of theDecember 1938 issue will appear in a subsequent issue.
JFor comparable monthly figures beginning 1919. see table 14, p. 17, of the March 1939 issue.IData for 1938 have been revised to adjust the figures to a uniform classification determined upon by the Bureau of the Census ami the Federal Power Commission.
Data shown here for total production and for production "by source" in 1938-39 are in accordance with the new classifications but production "by type of producer", alsoaffected by the change in classifications, is not yet available on a monthly basis. For all of these series, monthly data beginning 1920 will appear in an early issue of the Survey.The new classifications differ from those given in the Census of Electric Light and Power Industry, 1937, in a few minor respects; the principal difference is that the data shownhere include total output of generating plants operated by street and interurban railways and electrified steam railroads, whereas the Census figures include only that partof such power w^hich is produced for sale. As a result, the Federal Power Commission total production for 1937 is slightly larger than that reported in the Census.
42 SURVEY OF CURRENT BUSINESS Julv 1939
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
May
1938 1939
May June July August i ber October Novem-ber
Decem- I Janu-ber ary
Febru- ,ary j
March j April
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk:Exports:
Condensed (sweetened) thous. oflb__Evaporated (unsweetened) do
Prices, wholesale (N. Y):Condensed (sweetened) dol. per case..Evaporated (unsweetened) _do
Production:!Condensed (sweetened):
Bulk goods thous. of lb_.Case goods do
Evaporated (unsweetened) _doStocks, manufacturers' end of month:
Condensed (sweetened):Bulk goods. _ _thous. of lb_Case goods do.. .
Evaporated (unsweetened), case goodsthous. of 1b.
Fluid milk:Consumption in oleomargarine do—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__Production % _„ d o —Stocks, mfrs., end of mo.t— d o —
1482, 508
5.002.90
22,0072,899
262, 957
7,9106,437
209, 044
132, 670
1, 06938,72131, 953
FRUITS AND VEGETABLESApples:
Production (crop estimate) thous. of bu_.Shipments, carlot no. of carloads..Stocks, cold storage, end of month
thous. of bbL.Citrus fruits, carlot shipments..no. of carloads..Onions, carlot shipments doPotatoes, white:
Price, wholesale (N. Y.)-- dol. per 100 lb__Production (crop estimate) thous. of bu._Shipments, carlot- no. of carloads..
GRAINS AND GRAIN PRODUCTSExports, principal grains, including 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 _..doStocks, commercial, domestic, end of mo.
thous. of bii.Corn:
Exports, including meal - -do—Grindings . d o —Prices, wholesale:
No. 3, yellow (Kansas City) —-dol. per bu .No. 3, white (Chicago) __v__do—._
Production (crop estimate)-...—mil. of bu.._Receipts, principal markets thous, of bu._Shipments, principal markets doStocks, commercial, domestic, end of mo.
thous. of bu,_Oats:
Exports, including oatmeal doPrice, wholesale, No. 3, white (Chicago)
dol. per bu..Production (crop estimate) mil. ofbu..Receipts, principal markets tbous. of bu__Stocks, commercial, domestic, end of mo.
thous. of bn_.Rice:
Exports! „ _pockets (100 lb.)__Im ports §. - - 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. (1621b.)-.
Shipments from mills, milled ricethous. of pockets (100 lb.)_
Stocks, domestic, rough and cleaned (interms of cleaned rice) end of month
nous, of pockets (100 lb.),..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, domestic, end of mo.
tbous. of bu_.
2,041
55517, 589
3, 376
1.680
"22,~759
10,372
614
.55.56
4,474
5,745
1,2075,723
23,33320, 170
34, 568
61
.34
6,~303'
6,784
283. 34184, 857
.033
674
1, 017
2, 595
203. 447144, 414
264, 633
(a)
.51• 34, 628
1,045
6,813
1,3661,414
5.003.00
30,1474,753
279, 741
15,9079,052
261, 703
5,509
45, 610
16,090119,365
82043,808
'55,014
2,083
65518,615
3,991
1.515
43,357
1,973
.78
"V, 617"
5,010
25,4465,669
.55
.58
5721,983
5.003.00
23, 6623,197
276, 652
19,5389,434
350, 790
5,292
40, 746
15, 988121, 643
1,05841,95558,769
878
14,3061,632
1.619
~ 237478
24, 752
1,619
.57
.61
2,978
5,771
13,3755,784
.53
.57
31,867 28,10427,98738,706
24, 749
2,100
.29
8,983
278,97984,407
.033
770
902
1,841
87,85965,547
241,164
502.58
1,763
23,674
462
.28
"3,609
6,825
325,82051, 259
.034
531
970
1,434
186,35394, 592
231,374
286.56
419
1,000
2201,862
5.003.00
17,1293,289
224, 681
21, 85010,249
392, 641
4,787
34,641
16, 579120,412
1,39635, 56259, 764
944
11,4531,197
1.144
801,922
5.002.90
14,7523, 238
188, 507
20,1199,932
419,142
5,483
29, 659
17, 727127,352
1.03627, 35055, 459
2792,380
5.002.90
14,1783,210
146, 679
17, 7779,278
398, 287
6,216
25,320
3562,335
5.002.90
14, 6843,050
122,885
15,2488,521
344, 316
6, 247
26, 377
12, 291115,943
78626,87152, 602
14, 936120,748
75125, 09541, 204
I
2592,034
5.002.90
11,2963,529
100,723
11,701
7,854
284,375
5,838
26,700
15,327118,582
67320,41937,194
"I," 177 j ~~5,~817 j 13J94
10,1981,447
14,600 I 9,244
I
30,022
861
.48
.54
2,900
7,885
15, 6645,289
.55
.59
26, 57327,617
15,004
616 I
. 2 6 I
28,323
2,744
.47
.56
16, 817
15,096
12,6746,079
6,837
322,27040,452
.034
270
1,027
165,480119, 712
190, 500
116
1,147
1,195
17.41918,061
10, 489
1,349
.24
"247(569"
20, 597
2,8939,772 !3,244 '
.931
"147493"
10, 09012, 800
2, 996
1.100
"I5"056"
7, 365
10, 27214, 3992,355
1.095
12," 564
15,749
1,954 I
. 5 3 j
.56 !
12,545
1,749
.50
.54
12, 335
17,025
7,8986,564
).53
10, 522
18,924
4,1196,915
.44
.45
17,240 j9,942 j
256
.27 I
16,128
22, 026
45, 15718, 994
23, 081
650
15,111
736
.50
.56
5, 764
16,187
6,0326,547
2,198
5.002.90
11,9223,210
119,614
9, 2357,139
205, 073
5, 830
32, 002
14,342118, 277
54921,53233, 259
1041,522 I
5.002.90
012,007 i
5.00 i2.90 !
5.00 \2.90 ;
/131, 8826,738
8,73618, 800
2,100
1. 456/ 369,297
12, 356
11,495
649
.57/252,139
8,536 I6,101 j
I150,311
5, 856
36, 421
13,988123, 868
47325,00632, 860
7. 2024, 985
5, 422
34, 829
12.6811 ] 2, 50 i
51922, 89032,318
j>\ 23330,1)72
5,595 I 4,776
5, 846
15,015
3. 7296, 724
6,90318, 7262,433
1.595
"17,406"
20, 385
368
.54
.60
724
. 55
6,670
13,752
7,0505,740
.46
.47 I.48 j.54
/ 2, 54232, 698 I 20, 20216,356 1 10.969
!, 846
J, 253
1.721:, 628
.40
.51
46, 645
1,405
.26
14,3738,827
7,707 I
22,609 i
309,896 215,914 ! 351,82650,561
485
611
854
269, 219135, 853
177,142
58.41
"~~6~785'
6,825
46, 483
.034
39, 355
.033
17,676
223,53434,816
.033
1,625
839
1,685
260, 721118,298
179,446
283.41
"""§,"452"
7,761
3,191
1,437
1,458
1,158
52,644 ; 50,889
1 4 7 I 353
.31.29/ 1,054
5, 658
16,919
298,93539, 991
.033/ 52, 303
216
398
181
130
.30
1421.710
5.002.90
12,847 11,505 • 15.408 , 15,4203,421 I 3,036 • 3,075 i 3,283
129,452 ! 137,882 ; 181,074 : 202.090
5. S09 : '6 .1354. 959 ! 4. 608
120,397 109,8s? 134,625
4, 561
10.237
13,906 :
.70 : 121,682
696r 3 1 , 190' 32,102
4, S44 3, 025
5,079 • 3.046 I ' 1.56918,400 i 22,827 j 20,395
2,139 j 2, 350 I 3, 071
1.51s) ' 1.375 ^ 1.800
" 17," 196 !""25."2l6".""l8,"S63
15,4:v" 11,368
430 124
.54 .51
5, 907
3, 798f, 104
.51
4,579
8. 874
1.0035, 090
(0
i, 473 8, 656
:, Til 39,262
114 112
.31 .32
6,221
15,545
306,89146, 344
.033
304
958
o, 709 : 4,401
2. 022 : 10,312
302 : 302,102 : 274,893296 : 07.008 j 90,116
011
978
892
1,248
3,
477,161,
301,
"2,
8
568
536184
531
307.41
"l99"
340
3,
444,182,
382
....
983
297438
460
21.40
"949"
8,102
3,979
212, 534136,365
366,012
.43/ 55,039
1,248
8,369
3,695 !
262, 200129,003
393,811
0.46
942"
8,126
889
1,063
3, 580 3.244
418
790
2, 893
'Rev i sed . « N o quo ta t ion « J u n e 1 es t imate . / D e c . 1 es t imate . J F o r comparable m o n t h l y figures beginning 1918, see table 13, p . 17fSee note marked wi th a " t " on p . 41. ° Less t h a n 500 bushels .§ Re viced series. D a t a revised for 1937; see tables 19 and 20, p p . 14 and 15 of the April 1939 issue.
169,184 ! 229,700 j 100,345118,478 i 143.617 j 136,287
375,050| 350,435 i 301,497
.45 .43 I .43
5UT"~I,~241~| 795
7,724 • 7,630 j 7,153
of t h e M a r c h 1939 issue.
July 1939 SUEVEY OF CUKRENT BUSINESS 43
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
M a y
1938
May June July August Septem-ber
Octo-ber
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary March April
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS-Continued
Wheat:Exports:
Wheat, including flour 5 thous. of bu_.Wheat only§ do
Prices, wholesale:No. 1, dark, northern spring,
Minneapolis dol. per bu_.No. 2, red, winter (St. Louis) doNo. 2, hard, winter (K. O.) _doWeighted av., 6 markets, all grades. _do
Production (crop est.), total mil. of bu_.Spring wheat doWinter wheat _ do
Receipts, principal markets thous. of bu_.Shipments, principal markets doStocks, end of month, world estimated
thous. of bu._Canada (Canadian wheat) doUnited States (domestic wheat) _doHeld by mills (end of quarter) do
Wheat flour:Consumption (computed by Russell)
thous. of bbl._Exports§_ doGrindings of wheat thous. of bu . .Prices, wholesale:
Standard patents (Mpls.) dol. per bbl_.Winter, straight (Kansas Ci ty) , . do
Production:Flour, actual (Census). thous. of bbl__
Operations, percent of capacityFlour (computed by Russell)
thous. of bbl .Offal (Census).. thous. of lb._
Stocks, total, end of month (computed byRussell)—. thous. of bbl_.
Held by mills (Census) do
LIVESTOCK
Cattle and calves:Receipts, principal markets.thous. of animals.-Disposition:
Local slaughter doShipments, total do
Stocker and feeder doPrices, wholesale (Chicago):
Cattle, corn fed dol. per 100 lb._Calves, vealers— do
Hogs:Receipts, principal markets.thous. of animals, -Disposition:
Local slaughter doShipments, total do
Stocker and feeder . . .doPrice, wholesale, heavy (Chicago)
dol. per 1001b..Sheep and lambs:
Receipts, principal markets.thous. of animals..Disposition:
Local slaughter. doShipments, total do
Stocker and feeder d o . . . .Prices, wholesale (Chicago):
Ewes. dol. per 100 l b -Lambs „ do.
MEATSTotal meats:
Consumption, apparent mil. of lb_.Production (inspected slaughter). doStocks, cold storage, end of month do
Miscellaneous meats doBeef and veal:
Consumption, apparent thous. of lb-.Exports§._ ____ doPrice, wholesale, beef, fresh, native steers
(Chicago) dol. per lb._Production (inspected slaughter)
thous. of lb_.Stocks, cold storage, end of m o . . . do
Lamb and mutton:Consumption, apparent doProduction (inspected slaughter). doStocks, cold storage, end of month do
Pork (including lard):Consumption, apparent do.Exports, total § do.
Lard§ do_Prices, wholesale:
Hams, smoked (Chicago) dol. per lb_.Lard, in tierces:
Prime, contract (N. Y.) doRefined (Chicago) do
Production (inspected slaughter) totalthous. of lb-
Lard doStocks, cold storage, end of month do
Fresh and cured doLard. - do.
14,48910, 672
.86
.83
.76
•52325, 52516,851
112, 98764,178
812
5.233.60
1,737
1, 068647240
10. 599.68
2,410
1, 822575
6.68
1,951
1,070884235
4. 609.38
1,1061,127
76065
479, 3441, 036
.166
466,30634, 431
55,52355,398
1,807
570, 97736, 99025, 303
.207
.069
.079
605,478106,945659, 086519,851139, 235
13,33511,041
1.05.77.80
14,27417,090
190, 52028,92131,316
7,909488
35, 784
5.214.15
7,73949.9
8,177646,817
5,316
1,681
1,021632218
9.13
1,890
1,33354831
8.17
2,409
1,2741,129
187
3.627.76
958671
62
452,674944
437,16733, 601
61, 69161, 7322,125
481,84729, 71120, 340
.214
.087
.098
458, 70181,023
S74,097450, 516123, 681
9,0107,059
1.05.75.77.81
16,98414,277
176,50025,06528,33384, 501
8,779415
39,165
5.884.53
8,47452.6
8,656707,364
4,8663,508
1,605
995615215
8.78
1,757
1,24950038
8.69
1,929
1,080862171
3.168.84
982642
62
456, 8141,029
.158
449. 56933, 730
56, 24056, 3212,148
486,06725, 63517,179
.212
.088
.097
476, 55280,365
543, 770417,704126,066
12,76410,844
.70
101,19526, 726
260, 62018, 72696,389
8,630409
39,290
5.434.25
8,50755.0
9,573702, 336
5,808
11,4989,623
.78
.66
61,08025, 258
330,93065,457
133,725
952659242
11.019.25
1,570
1,122444
32
8.94
1,964979992177
3.19 I8.56
96593760161
449,2401,194
.174
444, 61735,925
55, 53655, 392
1,972
460, 64722,18712, 881
.222
.095
.106
436,97872,938
502,658378,981123,677
9,450399
42,098
4.974.01
9,16054.8
10,094743,993
6,049
5,3583,483
.76
.67
.68
1,946
1,103821335
10.9110.20
1,797
1,323465
35
8.45
2,664
1,1461,495
438
3 277.93
1,017972548
468,3551,082
.170
462,16034,467
62,18662,112
1,861
486,15717,32910,842
.226
448,18074,192451,397334,777116,620
38,47723,291
420,110150,665139,273185,095
9,239399
44,234
4.913.91
9,69963.0
10, 548770,077
6,5604,314
2,017
1,061950
11.1110.84
1,881
1,39747926
2,986
1,1741,786621
3.287.56
1,0701,00545953
498, 9101,261
.170
495,83836,943
65,39265,8802,318
506,16425,49318,790
.242
.083
.097
443,75675,838367,177277,23189,946
5,7203,104
.73
.65
.65
27,34523, 797
437,340173, 542141,914
9,737557
43, 896
4.813.79
9, 63460.5
10, 484765,608
6,750
2,306
1,1221,120
594
10.8810.70
2,255
1, 66058728
8.08
2,805
1,1241, 673
856
3.357.68
1,0971,07341350
479, 5881,248
.174
477, 45241,218
63. 27663, 5882,606
554, 06628, 33221, 071
.248
.092
531, 75389, 716
319,312251, 64567, 667
6,9174,893
.73
.63
.65
19,11021, 696
439,820162, 375136,204
9,445431
40,324
4.913.80
8,83859.2
9,286704,995
6,200
1,900
989927473
10.7510.29
2,607
1,90369133
7.65
1,945
996968415
3.738.38
1,0921,17748454
461,4851,192
.172
467, 98052, 637
56, 37556,9973,171
574,14227,07516,009
.200
.077
.090
651, 636105, 533373,641299,14274,499
6,9704,430
.77
.70
.67
.68/931/244/687
14,89218,252
484,150161,161128,748163,097
9,226540
38,357
5.063.84
8,41654.0
9.266672,015
5,7004,317
1,465
843632
11.609.63
2,570
1,84872643
7.17
1,552
890673155
3.788.59
1,0401,22767172
415, 7881,795
.170
416,04158,187
54,28154,6843,541
570,27327, 25819,198
.200
.074
756, 532134,776537,525430,104107,421
12,61310,217
.73
.71
.73
11,90012, 758
467,360154,325118,936
8,351510
38, 755
5.103.82
8,47657.2
8,711681,624
5,550
11,9468,782
9,5129,251
412,390144,817100,119
11, 0878,487
.77
.73
.69
.71
13,74811,113
9,4685,874
.78
.76
.70
.72
16,00011,174
379, 820 359,730139,071 134,08582, 689 74, 851120,197 (
8,110;673 |
35,447 |
4.95 I3.66 !
7,75757.0
8, 512625,888
I5,300 I
553r 41,068
4.793.51
r 8, 951r 56. 0
76537, 698
4.873.47
8,24455. 7
730,612 I 665,468
1,635
975608259
11.5910.38
2,699
1,92875441
7.18
1,746
1,063677113
3.978.63
1,0571,202 I
791 I76
434,2391,105
.172
425, 60553,126
61, 70961,1232,925
561,32936,96628, 520
.200
.073
.084
715,179132, 533658,489526,411132,078
1,294
807 i496 j213
11.3611.19
1,542 i 1,467
952 i 869579 i 581253 ! 233
11.44 | 11.2210.34 ! 9.56
1,971 | 2,205 I 1,996
1,39856638
7.66
1,546
95359582
4.388.54
899 :927 j784 !
68
377, 363841
.177
368,12546,404
58, 55858, 4522,773
463, 23932, 72724, 483
.200
.073
.081
500, 76990,038
667,419542,138125,281
1,654 I547 j45 j
7.30 !
1,766 !i
1,046 !720 !110 j
4. 78 i8.66 i
1,50948544
6. 91
1,993
9001,082251
5. 069.36
1,0641, 067
75863
450, 1831,047
439, 57640, 970
63. 87763! 4512; 412
550, 28933, 02222 157
.200
.070
.081
563, 69999,442
652,456523,204129,252 i
' 943955
r 75863
' 402. 876710
390. 623r '66, 866
'51,19850. 790«• 1,956
•488,48625, 59117,531
.203
.067
.077
513,16091,858
•656,746527,213
• 129, 533r Revised. * June 1 estimate. / Dec. 1 estimate;
Data revised for 1937; see table 19 p. 14 of the April 1939 issue.
44 SURVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August Septem-ber October ber
Decem-ber
1939
Janu-ary
Febru-ary March April
FOODSTUFFS AND TOBACCO—Continued
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:
Case— thous. of cases..Frozen thous. of lb._
TEOPICAL PRODUCTSCocoa:
Imports _.. -long tons..Price, spot, Accra (N. Y.) dol. per lb_.
Coffee:Clearances from Brazil, total.thous. of bags..
To United States— --doImports 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. per lb_.Receipts:
From Hawaii and Puerto Ricolong tons..
Imports§ doStocks at refineries, end of month..do
Refined sugar (United States):Exports, including maple doPrice, retail, gran. (N. Y.) dol. per lb_-Price, wholesale, gran. (N. Y,)_ doReceipts:
From Hawaii & Puerto Rico...long tons..Imports:
From Cuba§ doFrom Philippine Islands§ do
Tea:Imports thous. of lb._Price, wholesale, Formosa, fine (N. Y.)
dol. perlb..Stocks in the United Kingdom..thous. of lb__
MISCELLANEOUS FOOD PRODUCTS
Candv, sales by manufacturerst-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 doShipments doStocks do
Quarterly report for 11 companies:Production.. --doStocks -do
Leaf:TOBACCO
Exports! thous. of lb_.Imports, incl. scrap§ doProduction (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 ...doPlug doScrap chewing doSmoking doTwist _ _ do
Prices, wholesale:Cigarettes dol. per 1,000..Cigars do
24, 427
2,311
5, sat)117,985
28, 889.0446
1,638767
1,187
.0521, 498
8,249860
2,263
328, 213
.029
137,011184,364357, 250
14, 529.050.044
23, 352
18,8709,191
8,785
.280
15,169
43,546
35,161
1,6411,4186,520
24, 5027,765
15,445470, 580
30. 499592, 851
5.51346. 056
19,12152,049
1,916
5,100130,872
5,795.0467
1,439690
1,183
.0481,525
7,388813
r 2,386
343,093
.027
205,469236,888429, 495
3,844.051.046
2,485
32,7123,621
5,004
162, 841
13, 307
46, 543411,041
45,981
1, 6981,6666,925
21,3964,373
' 14,424417,138
28,921487,675
25, 766394
4,6153,55116,772
434
5.51346. 056
21,69753,432
22, 96052, 640
1,509 1,035
6,255 j138,510
6,411135,329
23,74754,941
5,942125,018
8,987 |.0470
1,622 I783 j
1,232
.0491,401 I
7,215 I796 |
21,180 ! 40,630. 0526 .0532
1,305683
1,190
.0491,214 !
26, 96559, 942
716
4,765DO, 244
1,591819
1,145
.054 |1,624 j
7,276701 i
18, 147.0524
1, 526818
1,189
.0561,792
7,621858
2,037 ! 1,894 I 1,554 | 1,316
374,511 ' 382,948 j 391,543 I 425,588
.027 | .028 ! .028 .030
141,731 |226,003 ;345,274 j
4,034 !.051 !.044 !
13,017 |
34,121 j5,676 !
5,697 j 5,270
158, 276 113, 822211,077 347,381282, 876 334, 246
4,958 !.050 !.044 |
2,908 !
40,044 !
.280165, 658
.280
5,134.050.043
754
59,872 i6,563 |
I
6,253
.280
142, 271311,574308, 086
6,428.049.045
1, 335
11,7912,995
170,197 182, 558
12,695 I 10,359
38,963 I 39,238518,885 I 653,102
55,039
1,621 !1,593 |6,953
6,1479,914
66.716
1,0631,4006,615
21,4256,793
13, 053
46,890814,883
75, 882
1,0561,9946,014
13,46710,435
2,1781.726359 !
14,717477, 443
30,180598, 716
27,184427
5,0374,14217,118
460
5.51346.056
13, 784420,510
27, 544466,561
24,954378
4,7015,44314,005
426
5.51346.056
35, 2196,284
.280189,983
22,945
36, 5291,112,465
84, 537
9241, 3975, 542
3,9097,956
74, 302118,088
36, 76377, 692
3,24494, 305
12,117.0499
1,598861
1,147
.0551,615
7,468721
1,014
375,935 | 292,036
574
1,43978,091
8,930.0480
1,218775
1,386
.0551,421
7,409858
.031
116,173213,840269,978
5, 625.049.046 I
.030 I
56,139111,170215, 388
5,003.050.045
1,208 ! 1,339
2,2934,287
7,528 I 7,959
60, 3795,324
.280214,017
21, 401
40, 275899,579
85, 665
1,0821,4455,179
82, 034
2,227 !1,822 I323
15,892477, 596
30,473502,491
27,756409
5,1403,70917,962
537
5.51346. 056
14,711486, 482
30, 577420,493
27, 327403
5,0233,65517,812
433
5.51346. 056
0' 2, 532
8,404
.280231, 628
23, 656
34, 666539, 699
93,024
1,3641,2265,317
55,1675,641
13, 264525, 662
27, 869631,023
24,969358
4,3442,15117, 671
444
5. 51346. 056
13, 506515, 859
30,940518,943
28, 111363
4,2664,56318,503
415
5.51346.056
65, 855139,108
30262,903
15, 887.0462
1,451785
1,325
.0531,700
7,836914
750
247, 226
.029
98,03846,066194, 732
4,472.050 I.044 i
i
9,479 j
987 j
7,603
.280 |243, 223
23, 286133, 531
1,041
13650, 345
18,143.0437
1,191662
1,423
.0531,295
7,816855
725
261,257
.029
21, 243
27,112716,458
60,711
1,5181.2425,593
5,2348,004
54. 2174,797/ 1, 456
62, 31763, 481199, 056
4,018. 050.042
4, 183
1,413536
7,698
.280252, 634
17,717
23, 070524, 250
1,5541,3015,845
28, 0135,820
2,3431,946298
12, 656333,982
27,126576, 210
24, 825382
4,2904,133
15, 580440
5.51346.056
13,863349, 497
26,914451,194
23, 260372
3,4193,41915, 650
400
5.51346. 056
16,744116,229
989
16544, 476
33. 297.0460
1,222697
1,086
.0521,033
7,740860
1,407
247,112
.028
122,969116,014241,039
5,344.049.042
17,734
5,1872,223
7,931
.280234, 468
18,195
25, 652487, 357
62, 253
1,4371,33.55, 948
17, 82590, 987
1,649
1,10560,465
43,792 !.0468 I1,305 !694 !
1,497 ;
.051 I1,279 j
7,757 j867
183, 880228,690236, 666
5,532.049.044
16,662
18, 2302,979
.280 |205,084 I
37, 5025, 492
30, 983525, 662
40, 423
1, 008 l
1,557 I5, 929 |
6,340 I8,909 |
44,3336, 592
2, 3631,912
16,217• 70, 568
2,065r 3, 357" 88, 867
32, 052.0448
1,232610
1,017
.0511,341
805
2,580 j 2,621
371,979 | 401,523
• 028 ' .029
184,440200, 084271.306
3. 641.049.044
18,076
10,3366,495
8,576 j 6,866
.280182,681
18,886 j 16,223
41, 5.54524, 393
29, 744
1, 5461, 1786, 296
21,7774, 783
11,782361, 233
25, 425623,889
22 571319
4,1452,924
14,711471
5.51346. 056
330 ;
14,244 ; 12,269437,584 I 403,042
29, 594 | 25. 62S562,225 | 424,857
26, 052423
4,3223,365
17,451491
5. 51346. 056
5. 51346. 0,56
f Revised. /Dec. 1 estimate.tFor 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.§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.
July 1939 SURVEY OF CURRENT BUSINESS 45
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
M a y
1938
M a y June July August Septem-ber October Novem-
berDecem-
berJanu-ary
1939
Febru-ary March
FUELS AND BYPRODUCTS
April
COALAnthracite:
Exports§ thous. of long tons..Prices, composite, chestnut:
Retail _dol. per short ton-Wholesale do
Production thous. of short tons..Shipments doStocks, end of month:
In producers' storage yards doIn selected retail dealers' yards
number of days' supply..Bituminous :
Exports§ thous. of long tons..Industrial consumption, total
thous. of short tons..Beehive coke ovens doByproduct coke ovens doCement mills .doCoal-gas retorts _ _._doElectric power utilities .doRailways (class I) doSteel and rolling mills.__ doOther industrial... do
Other consumption:Vessels (bunker) thous. of long tons..Coal mine fuel thous. of short tons..
Prices:Retail, composite, 38 cities
dol. per short ton..Wholesale:
Mine run, composite..- _ doPrepared sizes, composite do
Production thous. of short tons..Stocks, industrial and retail dealers, end of
month, total thous. of short tons..Industrial, total _.do
Byproduct coke ovens doCement mills doCoal-gas retorts. _. doElectric power utilities.. doRailways (class I)___ doSteel and rolling mills doOther industrial _ do
Retail dealers, total.. ..do
COKE
Exports thous. of long tons..Price, beehive, Connellsville (fujnace)
dol. per short ton..Production:
Beehivet thous. of short tons..Byproductt - doPetroleum coke _ ...do
Stocks, end of month:Byproduct plants, total .do
At furnace plants doAt merchant plants do
Petroleum coke _ do
PETROLEUM AND PRODUCTS f
Crude petroleum:Consumption (runs to stills)...thous. of bbl_.Imports § doPrice (Kansas-Okla.) at wells..-dol. per bbl__Production .thous. of bbl__Refinery operations pet. of capacity..Stocks, end of month:
California:Heavy crude and fuel thous. of bbl__Light crude _ .do
East of California, total doRefineries doTank farms and pipe lines do
Wells completed number..Refined petroleum products:
Gas and fuel oils:Consumption:
Electric power plants! thous. of bbl._Railways (class I) doVessels (bunker) do
Price, fuel oil (Oklahoma) dol. per bbl..Production:
Residual fuel oil thous. of bbl..Gas oil and distillate fuels, total do
Stocks, end of month:Residual fuel oil, east of California
thous. of bbl..Gas oil and distillate fuels, total do
Gasol'ne:Consumption, domestic thous. of bbl__Exports§ _.doPrice, wholesale:
Tank wagon, delivered (New York)dol. per gal__
Refinery (Oklahoma) doPrice, retail, service stations, 50 cities.do...
9. 154P 5, 0714, 206
238
250
20, 53139
3,383429125
3,0565,921
6486,930
122
4.4644.30017, 880
25, 28022, 4802,637
285128
6,6795,109
5127,1302,800
37
3.750
242,396
2,751951
1,800
4,186.960
1,340
.850
3,915
.118
.049
4,2553,821
1,390
58
929
19,57492
3,236434137
2,8035,609603
6,660
113156
4.3034.391
21,321
33,15827,7484,867
309253
8,2014,996
7228,4005,410
45
4.250
582,283
138
3,2751,3761,899562
99,2381,9231.160
98,67479
81,82231, 624
259, 25945,101214,1581,656
9363,6783,393.925
24, 39212,160
29, 28422,385
44,9113,603
.130
.051
.141
197
10.639.0304,2913,869
1,764
57
1,148
18,59682
2,931451130
2,8465,298
5886,270
4.2944.404
22,507
33,45227,6125,000
311271
8,0674,827
7168,4205,840
60
3.875
522,067
137
3,3751,4111,964574
93,8802,1301.160
94, 27777
82, 83333,151251,21344,314
206,8991,776
1, 1873, 7293,219.925
22, 761
10, 784
30, 28224,699
48,2933,517
.130
.053
.141
9.2312,5712,361
1,757
58
956
18,86269
3,085478127
3,0385,482
5836,000
100172
4.2974.434
23, 367
33,61527,2656,364
275277
7,9054,532
6528,2606,350
39
3.750
442,177
138
3,5641,4602,104610
99,8562,6691.160
102,89879
84, 72433,138
247, 36143,674
203, 6871,539
1,2063,8112,969
.925
23, 547
12, 688
32, 28526, 620
47,4743,597
.127
.055
.141
9.4312,7292,336
1,924
63
1,093
20,34679
3,534478128
3,3155,662
6606,490
99211
4.2964.46928,665
34,57927, 7195,540299279
7,8344,556651
8,560
33
3.750
502,494
148
3,7091,4532, 256
651
101,3521,7201.160
106,165
85,13233, 548
243, 95242,724201,2281,648
1,2073, 8982,916.925
24, 23212, 691
32. 87428,841
50,4593,998
.124
.055
.140
129
11.029.6023,337
2,121
44
1,032
21,11688
3,770430130
3,3385,938652
6,770
95237
8.54
4.2994.52432,286
36, 50729, 3775,952
313263
8,0294,672
6389,5107,130
55
3.750
562,675
111
3,6751,3922,283
623
96, 9901,5841.160
98, 66179
86, 70533, 975
240, 25142, 979197, 2721, 601
1,0943,8152,925.925
24, 55213, 074
33, 66130, 860
46, 0583,068
.124
.051
.138
9.6054,1653, 519
1,917
63
1,107
23,734100
4,360486134
3,5756,663
7367,080
112
258
4.2994.57634,989
39, 02431,3246,459330258
8,1955,052620
10,4107,700
40
3.750
633,093
147
3,7161,3342,382
654
100, 7872,6471.040
101,83079
87, 22234,999233, 46341,131192, 3321,715
1,1014,1992,788.925
25, 48713, 820
33, 34433,017
46, 2723, 572
.124
.046
.134
127
9.7133,7283,167
1,901
51
1,092
24, 921110
4,622441138
3,5306,597803
8,680
129265
4.2994.56535, 925
40, 82133, 3217,173
346264
8,4135,315
65011,1607,500
38
3.750
703,278
153
3,7451,3072,438678
97,3092,308.960
98, 56779
87, 39936, 064228,74140, 386188,3551,572
1,1934,0102,771.925
24, 57312, 793
30, 93532, 069
44, 9913,205
.124
.046
.133
11.499.7064, 4713,849
1,458
26, 533123
4,742342144
3,6847,161837
9,500
81266
4.2984.557
36, 541
40,72033, 6707,462349252
8,4915,629
68710, 8007,050
27
3.750
793,363
142
3,6101,2912,319
708
97, 9642,678.960
102,28777
87, 22237, 193
229,14041, 221187,9191,419
1,2434,1112,925.925
25,19713, 873
26, 991
27, 873
41,6494,607
.119
.043
9.7314,9534,047
1,046
29
277
26,185121
4,751212149
3,5957,149
8589,350
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
.960102,490
87,59536,927
227,13442, 540
184,5941,385
1,2363,9572.587
.895
25,80014,135
24, 30924, 650
37, 7072,764
.119
.041
154 143
9. 6984,1143,382
761
25
282
24,183111
4,346244137
3,0516,545
7598,909
92249
4.2864.520
33, 910
39, 88734,0877,373
403220
8, 4566,736
87910,0205,800
23
i.750
711,078
117
87, 7971,343.960
93, 47576
87,00238, 323
227, 09841, 777
185, 3211,338
1, 1163,6402, 904
.850
21, 47612, 797
21, 95221, 731
34,5952,569
.119
.042
11.359. 6423, 6043, 232
408
348
25, 786107
4,855368143
3,1686, 970
8059,370
105259
8.08
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, 708
86, 29439, 383
229, 07941, 154
187,9251,252
1,1344, 0333. 076
.850
25, 04013, 539
19, 28820,115
42, 5203,523
.118
.045
9. 07S
4| 842
207
22, 39031
4,114402131
r 2, 827' 6, 042
r 8238,020
4.4214.345
10,747
' 3 1 , 746' 28. 226
4,434321179
' 7, 642' 6,387
-8038,460
' 3, 520
18
3.750
202,915
142
2,9671,0911,876
734
99, 5032,788
.960105,510
80
86, 07539, 699
230, 92640.180
190,7461,419
r J,2423, 8908,341
.850
24, 75013,301
19,53421,058
43,9772,900
.114
.069
' Revised. *> Pre l iminary .fRevised series. Pe t ro leum a n d products revised for 1937; see table 9, p . 15 of the March 1939 issue. Beehive a n d byp roduc t coke product ion revised for 1937; see p . 45 of
the December 1938 Survey. Gas and fuel oils, consumpt ion by electric power p lants , revised for 1938. See p . 45 of the June 1939 issue.§Revised series. D a t a for 1937 revised; see tables 19 and 20, pp . 14 and 15 of the April 1939 issue.
46 SURVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTSf—Con.
Refined petroleum products—Continued.Gasoline—Continued.
Production:At natural gas plants thous. of bbl__At refineries:
Total _doStraight run doCracked -doNatural gasoline blended do
Retail distribution t—~ 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. per gal.-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
631
. 053
.115
2, 505
4,196
46, 64520,80423,0422,7991,850
80,98754,0106, 548
3,637745
.0525,6497,627
1,730
.1102,5958,255
1,727450,000710,700
35,560140,826
4,001 | 4,127 ! 4,226 4,081
44, 24719,73521.8772.6351,931
73,72547,159
6, 951
3.257' 381
,0535.2359, 202
1,606
, 1 1 0 i2,378 !8.114 |
2,335445, 600669. 300
37, 800138. 260
47, 60721,02023, 6522,9351,989
70,22443,0917,614
3, 752210
.0534,88910,112
1,844
.1062,6318,194
1. 208475, 800633,200
30,240135,911
48, 66221, 52424,1882, 9502,088
64, 59940,1378,022
4, 292597
. 0524. 93310,149
2,002
.1052. 5767,969
2,844514,400566, 400
31, 920134,103
4,187797
.0515,34810,497
2,127
.1052,6157,605
1,923456, 300471,100
36, 400129, 018
4,375
47,312 I 49,67720,934 I 21,38323,049 I 23,8623,329 I 4,4321,909 1,890
63,163 63, 54238,819 38, 739
8,159 6,771
5,185646
.0515,3209,949
1,805
.1052,6327,718
1,649464, 900442, 200
42, 000128, 926
4,244
47, 99820, 39723, 3794,2221,762
64, 08339, 3765,742
5,368323
.0505, 4199,676
1,735
. 1052, 5357,817
3,461322, 700447, 600
37, 520131,772
47, 78020, 79422, 7014,2851,745
65, 94941, 8054, 830
6, 813783
.0495,7397,799
1,831
.1052,3847, 695
2,078242. 400480, 900
36,120129, 340
4,345 4,264
48, 30821,12523,5463,6371,548
73, 84749,4194,647
5, 980770
. 0-J95, 7026,711
3,747
42, 72118, 45521, 037
3, 2291,427
79, 69154, 509
4, 708
5, 901510
. 0525, 1745,452
1,609 | 1,053
.105 I2,527 !7, 702 !
2,869 I244.400 I532,000
35, 280128,627
. 1052, 5227, 951
4, 232
47,18620,00323, 2803,2431, 734
. 053 |». 900 I), 605 |
105604800
9, 062189,300"72, 000
33, 320117,711
2308'650,
44,117,
886200000
800537
4,232
47,42620. 92223. 5212. 983
,023, 172. 484
. 053
.813
. 003
. 105, 072, 886
358900000
000301
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins§ thous. of lb._Calf and kip skins§ . . . doCattle hides§ doGoat,skins§ doSheep and lambskins § do
Livestock (inspected slaughter):Calves .thous. of animals..Cattle - -doHogs ---doSheep ...do
Prices, wholesale (Chicago):Packer's, heavy, steers- dol. per lb__Calfskins, packers', 8 to 15 1b do. . . .
Exports: LEATHERSole 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..Sheep and lamb. do
Prices, wholesale:Sole, oak, scoured backs (Boston)
dol. per lb. .Upper, chrome, calf, B grade, composite.
dol. per sq. ft__Btocks of cattle hides and leather, end of month:
Total thous. of equiv. hides..-Tn process and finished doRaw do
LEATHER MANUFACTURESGloves and mittens:
Production (cut), total.. dozen pairs__Dress and semi-dress doWork do
Shoes:Exports thous. of pairs..Prices, wholesale, factory:
Men's black calf blucher dol. per pair..Men's black calf oxford _ doWomen's colored calf _ .do
Production:Total boots, shoe", and slippers
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 house wearthous. of pairs..
All other footwear.. .
27, 0261,939
10,3886,3325,189
509814
3,4161,392
.105
.156
823,816
.290
.380
304
5.754.753.00
32,110307526353
27, 0641,4441,8253, 4517, 68312, 661
2,992809
11,5611,3372,7374,7331,902
500772
2,5851,550
.095
.123
1094,169
8651,4092,3712,010
13,87410,1933,681
116,49263, 95352, 539
5.754.753.23
30, 473169961729
24.1, 2211,8173,3946,82911,738
2,676941
12, 2421,4292,0584,1763,942
14,9032,1445,3934,7951,941
475 436816 820
2,533 2,2541,485 1,461
.093
.114
97
.111
.139
493,623 3,669
1,032 I 1,2221,457 I 1,4072,675 I 2,3942,184 | 2,308
16, 2663,1752,7165,2234,341
457848
2,4671,603
.119
.145
603,738
153491,7642,7553, 226
. 3 0 5 | . 3 1 5 I . 3 1 8i
.377 .378
13,96710, 2233,744
145,71085.18560, 525
116
5.754.753.00
26, 897225459192
22, 4911.3611, 6813,0087.3149. 128
13,86510,0143,851
150,48092. 25558, 225
136
5.754.753.00
30, 742187314202
26, 5401,4261, 5763.3147. 027
13, 204
13,3319,6663,665
2.837 i 3.108092 j 384
42, 252295291405 j
30,247 !1,9581,8454,09010,007 !18,287
4,692 I322 !
16,8972,1335,6705,4982,282
453917
2,6711,694
.120
.143
413,709
1,0661,7172,3362,716
.320
.378
13,2449,5403,704
181,791112, 73669, 055
164 I
5.75 I4.753.00
173,882106, 76167,121
191
5.754.753.00
38, 280263319331
31,9871,8031,8183, 8599.56814,940
5.115 i'264
19, 8032,1167,5274,9453,641
470884
3,3111,638
.134
.161
494,651
1, 1001,7552,5252,822
.320
.385
13,4409, 6653,775
183, 667115,942
67, 725
200
5.754.753.00
35,012282303315
27, 7991,6381,8783. 5839, 25011,451
6,078236
24, 3993,440
10, 7256,1222,685
457858
3,9131,453
.141
.163
423,420
1,1381,7862,6342,872
.324
.392
13, 88510, 0743,811
162,797102, 72560, 072
138
5.754.753.00
30, 054304305354
22. 5561,5531,8883,1328, 6917, 295
6,422114
25, 6573,9729,5886, 0754,468
417758
4,3461,347
.123
.157
32, 8263,56313,5286,3177,901
415761
4.0431,456
.121
.163
26 | 63,689 ! 3,097
1,2771,8823,2452,899
.318
.390
13, 99610, 301
3, 695
136, 75974, 06561,694
113
5.754.753.00 i
1,3191,9363,1852,899
.315
.393
13, 6029,8683,734
119,25763,17756,080
108
5.754. 753.00
29,988331355476
?4.3591.4261.7753, 3998, 4039, 355
4,297170
33,561200457652
30,1491,4141,9873,7408, 87614, 132
1.695 I348 i
28, 1892, *>0913, 2006,1893, 975
385653
2, 8y()1,361
.104
.154
3, 492
1,3201, 9433, 1703, 230
.390
13,3759, 0093, 676
5.754.753. 00
35, 457237530778
31,4001,3021,1)403, 7il8,04515,801
530
29,1962,38011,7716,7694,430
478774
3, 2291,473
. 107
. 154
4, 197 j
1,329 ir 1,955 I3,0233, 115
r 13. C(,U* 9.229 I'3. 78n I
53,9300
409123286
174,103
71
937739198
310
5.75 j4.75 !3.00 j
42,375 I
700 !832 '
37, 132 j1,545 j
i"! 5059,930
18,894
2,651 j721
25, 4542, 50511.3745. 2604,858
457677
2,9311,224
.097
.145
463, 585
1,1611,0673.4572. 774
.380
12,8139,0203, 793
148,42081.85060, 570
223
5. 754.753.00
r 32. 578
591r 041
" 27, 842' 1,407' 1,951r 3, 122r 7, 080- 13.0R3
2, 464
T Revised.t Petroleum and products revised for 1937; see table 9, p. 15, of the March 1939 issue. Retail distribution of gasoline revised for 1937 and 1938; revisions not shown on p. 46
of the June 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.
July 1939 SURVEY OF CURRENT BUSINESS 47
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
May
1938
May June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
LUMBER AND MANUFACTURES
LUMBER-ALL TYPESExports (boards, planks, etc.)§-----M ft b. m.National Lumber Mfrs. Assn.:
Production, total mil. ft. b. m.Hardwoods . do. . .Softwoods do
Shipments, total do___Hardwoods do. . .Softwoods do. . .
Stocks, gross, end of month, total do.__Hardwoods do_._Softwoods do
Retail movement (yard):Ninth Federal Reserve district:
Sales... M ft. b. m.Stocks, end of month do._.
FLOORINGMaple, beech, and birch:
Orders:New . M ft. b. m.Unfilled, end of month do._.
Production do. . .Shipments. __ _ do. . .Stocks, end of month do—.
Oak:Orders:
New... ___ do__.Unfilled, end of month__ do
Production __ _do—.Shipments do. . .Stocks, end of month.... do. . .
74, 434
SOFTWOODSFir, Douplas:
Exports:Lumber! M ft. b. m.Timber do
Prices, wholesale:No. 1, common boards.dol. per M ft. b. m_Flooring, 1 x 4, " B " and better, V. G.
dol. per M ft. b. m.Southern pine:
Exports:Lumber§-.._ M ft. b. m.Timber. _ do
Orders:Newf. jnil. ft.b. m.Unfilled, end of month .do
Price, wholesale, flooringdol. per M ft. b. m.
Productionf __ mil. ft. b. m.Shipmentsf doStocks, end of month do
Western pine:Orders:
New. doUnfilled, end of month do
Price, wholesale, Ponderosa pine, 1x8, no. 2,common (f. o. b.mills).dol. per M ft. b. m_
Productionf mil. ft. b. m.Shipmentsf doStocks, end of monthf. do
West Coast woods:1Orders:
New doUnfilled, end of month do.I-.
Production... doShipments doStocks, end of month do
Redwood, California:Orders:
New_.. M ft. b. m_.Unfilled, end of month do
Production doShipments doStocks, end of month._ do
FURNITUREAll districts:
Plant operations percent of normal-Grand Rapids district:
Orders:Canceled percent of new orders..New _.no. of days' production..Unfilled, end of month do
Plant operations.. percent of normal..Shipments.. no. of days' production..
Prices, wholesale:Beds, wooden _ 1926=100..Dining-room chairs, set of 8 doKitchen cabinets doLiving-room davenports . do
Steel furniture (see Iron and Steel Section),
0)0)
32, 93741,13735,44737,99983, 635
24, 37712,193
18. 620
35. 280
18, 5726,168
608346
40.30614622
2,091
24.90
660402609634955
26, 84628,18131,61427, 806
299, 887
77.6102.388.1
69,945
1,550208
1,3421,531222
1,308
2,3326,316
9,55383,915
5,0508,7005,4505,85023,100
29,18633,36429,05928,28685,340
21,86020,149
17.640
36. 260
21,7777,215
497239
39.67553522
2,315
324189
23.31359315
1,826
265371403
23,88724,77024,51831,255
282,953
41.0
12.01216
41.010
82.1102.387.687.2
63,735
1,696211
1,4851,684
2301,4548,6722,3186,354
11,74781,515
7,0008,0005,6007,000
21,000
34,24837,37928,78330,23383,890
15,49713,368
17. 640
35. 893
20,5135,083
584288
40.63520537
2,298
336187
22.50456358
1,924
516270440512935
22,87422,12030,33628,145
279,415
42.0
5.01116
43.010
82.1102.387.687.2
64,857
1,606204
1,4021,775
2671,5088,5112,2596,252
11,56880,797
7,9009,6005,4006,400
20,000
58,51659,90630,76235,98978,663
18,2118,636
17. 640
35. 770
19,0874,245
724343
40.78570667
2,201
442276
21.32432374
1,982
524381354413895
26,97825,11626,66523,333
282, 291
47.0
5.02126
46.012
80.3102.387.687.2
61,517
1,998222
1,7762,033
2831,7508,4812,2006,281
13, 50480, 238
7,4509,8507,0007, 250
19,950
36,94355,33842,46841,51179,620
13,4482,222
17.640
36.260
21,2804,632
622304
41.41630661
2,170
399253
22.49536475
2,037
537334578584905
29,21826, 59934,22927,885
287,243
53.0
3.521
67,998
1,901237
1,6641,843
2931,5508,5602,1556,405
12, 63776,062
5,4008,8006,3005,950
20,350
26, 57547, 41639,03534, 49784,158
15, 7124,365
17.640
36.260
21, 2824,197
612296
41.46639620
2,189
333201
22.17488411
2,109
411282466463920
23, 40923, 32234, 83828,026
296,177
58.0
,oj20 1
68,107 56,729 ! 79,697 I 58,817
2760.016
80.3102.387.687.2
2355.018
80.4102.387.687.2
I
i,790239
1,5521,847295
1,5528, 5062,0996,407
16, 28269, 666
7,00010, 6005,4005, 20021,000
41,13356, 39336,18832,15688,190
19, 2845,322
17.640
35.770
21, 9334,527
710364
41.22578642
2,125
347190
21.91430
2,139
444264471471935
25, 35025,11130, 72224, 427299, 367
60.0
5.0 !20 |20 I
60.0 i16 |
1,675246
1,4291,789311
1,4788,4422,058
6,20011, 2006,1005,500
21, 600
30,89155, 72435,13931, 56091,769
13, 6084,961
1,505233
1,2711,593263
1,3308,3732,0696,304
117, 280> 62, 948
6,50013, 0006,2004,90023, 350
26, 65952, 69731, 72027, 68694,181
21, 0839,015
17.640 I 18. C
35. 280
16, 9765,190
539323
42.09530580
2,075
255
35. 280
22, 6524,012
473307
41.01
4892,094
391283
22.04 22. 92305 I 238335 ! 322
2,104 2,014
555324518495
25, 93924, 69433,10625, 028
304, 859
80.4102. 387.687.2
!
57.0
6.0 !19 ;18 i
61.0 I15 I
79.3 i102.3 :'87.687.2
451361416414
22,13425, 31027, 28419, 961
313,047
58.0
7.01213
62.013
77.6102.387.687.2
1,582295
1,2871,662308
1,3558,3092,0556,254
0)0)
7,45014, 7006,0005,90023,800
36,86860, 64928,46326,91695, 228
18,6255,929
18.424
35. 280
15,2834,326
557330
40.76540534
2,100
279247
24.30181299
1, 896
446413
1,021
34, 27034, 56225,26123,811309,310
60,351 60,581
1,493293
1,2001,581
2821,3008,2092,Jt616,148
0)0)
5,40015, 2005,5804, 850
24,350
26,91056, 48227, 64027,30894, 730
1, 808302
1,5061,995
3271,6678,0382,0216,017
(')0)
6, 55014,000
5, 3007, 400
22, 600
28, 14451,67529, 63931,95192, 445
1
20, 2765,696
18.620
36.000
13,7874,709
491327
39.86495494
2,101
248213
25.24153267
1,782
426383434431
1,024
20, 87530, 64726, 27224, 243
307, 494
56.0
4.0 i19 !21 !
58.0 ;12 |
I.77.6 I102.3 |88.1 i(0 |
5.01419
53.013
77.6102.388.1
62, 746
1,771r 12661, 5051, 828307
1,5217, 9971,9846, 013
8, 10014, 0005, 6007,20021,000
26, 12847,19928, 56530, 60487,191
19,595 18,00114,950 ! 11,485
18. 620
34. 300
18,6086, 706
604343
40.30579588
2,092
313 i211 j
25. 13 i233316
1,699
602373563612982
18. 620
35. 280
32, 09832, 48528,58530, 822300, 378
5.01416
53.015
77.6102.388. 1(0
15,9034,954
558360
39. 97548541
367236
24.81349339
1,709
513376482509970
26, 38729, 67627, 93028, 096
298, 052
6.01013
42.012
r to*77.6102.388.1
1 Discontinued. Data as currently reported are comparable with the corresponding month of the preceding year, but not with the preceding month in the same year.° Total for November and December; data not reported separately for the two months. b As of December 31. c No quotation.iData for March, June, August, November 1938, March, and May 1939 are for 5 weeks; other months, 4 weeks.tRevised series. Production, shipments, and new orders of southern pine lumber for 1937-38 and production, shipments and stock? of western pine, 1937-38, have been
adjusted to the 1937 Census of Manufactures; data for southern pine not shown on p. 87 of the February 1939 issue, and for western pine not shown on p. 47 of the March1939 issue, will appear in a subsequent issue of the Survey. These revisions have not been carried into the totals shown on this page under the heading "Lumber—All Types."Revisions for the latter series, embodying certain changes in addition to those occasioned by the adjustment of the southern pine and western pine figures, will be shown whenavailable.
IRflvised series. Data revised for 1937; see table 19, p. 14 of the April 1939 issue.
48 SURVEY OF CURRENT BUSINESS 1939
VEonthly 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 M a y
1938
M a y June July August Septern- October Novem-ber
Decem-ber
1939
Janu-ary
Febru-
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 capacityShipments. 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 thous. 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 d o —
Boilers, range, galvanized:Orders:
New number of boilers.Unfilled, end of month, total do
Production doShipments _ doStocks, end of month do
Boiler and pipe fittings:Cast iron:
Production. _ short tons.Shipments . . .do
Malleable:Production .doShipments do
532, (VI1384,88128,1423, 971
35. 80
2, 2463, (iOL23, 07118,8354,236
217
17
27, 70230, 840
37.832,657
60,515107
20.5021.15
22.891,718
1,9301,051
19, 084
16,42911,744
124, 462
556
4,2764,207
34, 963
68, 19120,63867, 61066, 99532, 057
0)(')
(0(')
41, 60037.2
12, 62141, 35936.9
12, 506
2,91847
. 0264
34. 00. 021012.80
723
540, 639374, 32020, 814
395
38.50
1,7111,181
33,01227,7685,244186
19
17, 56417,09720.8
20, 560
37, 22572
23.5024.15
25.891,255
1,2241,29719,707
13, 56012,798124,291
619
3,7525,00825,637
56, 97615,20560,49760,87229, 997
3,1945,069
2,7593,310
20, 63618.42,69722,12719.83,892
1,80130
18, 262
.0289
37.00.022510.95
-
465
312,021162,06615,887
314
38.41
1,4722,838
34,32929,1605,170170
8
18,14318,07721.7
21,673
34,38570
22.5023.59
24.891,062
2,4781,400
20,758
16,70514,123125, 805
604
5,2404,42326,451
65,90216,15364,18562,92831,254
4,2296,067
2,9673,998
21,41919.14,90724,11121.54,479
1,63327
18, 234
.0286
36.25.022110.38
9,692
478
263, 699126,42314,728
634
36.32
1,6763,268
35,84630,6565,190206
21
16,90516,63020.2
17, 500
41,40077
19.5020.15
21.891,202
2,1352,01520,677
14, 68117, 841122,860
656
4,9585,219
26, 216
50,37714, 27951,90052,25130,903
3,5964,525
2,9913,039
36, 64132.7
16,58922,98820.56,111
1,97435
18,166
.0268
34.00.021012.00
442
242, 139108, 02920, 0411,637
36.50
2,0773,32637, 05031, 7595,292172
31
25, 75225,79931.3
21,102
51,37089
19.5020.15
21.891,494
2,2272,28720,619
20,36717,804125,446
703
6,0235,21427, 098
57, 72115,41456, 59556, 58630, 912
5,0225,434
3,5183,217
24,81422.24,411
36, 45432 5
12,983
2,53741
28, 327
.0268
34.00.021013.75
559
34n. 068149, 67327, 9584,218
36.48
2,3143,28537,87432,5165,358188
35
29, 06129,46034.8
26, 941
57, 62596
19.7520. 29
22. 141, 680
2,3914,07818,925
25, 33630, 852119,841
606
7,1996,387%, 003
68, 33718,01665, 62265, 73530, 799
0)5.144
0)3, 094
25. 56522.85, 462
28. 47825.4
8, 353
2,64744
30, 903
.0268
34. 00.021013.50
10, 026
578
Steel, Crude and SemimanufacturedCastings, steel:
Orders, new, total. _ short tons..Percent of capacity.Railway specialties-._ ..short tons.-
Production, total doPercent of capacity.. ..Railway specialties. .short tons..
Ingots, steel: jProduction thous. of long tcms..
Percent of capacityBars, steel, cold finished, carbon, shipments
short 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..1 Discontinued by the reporting source.§ Revised series. Data revised for 1937: see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.t Revised series. Steel ingots revised beginning January 1938; see p. 48 of the June 1939 issue.
425, 421223, 954
26, 4455, 524
36.48
2,7813,624
38, 59433,i73
5,421226
15
32,77029,970
36.428, 7J7
70, 690115
20.5021.14
22.892,052
3,5614,803
17, 701
22, 85134,108
108, 445
614
6,9077,679
27, 268
108, 42746, 88277, 56379, 56128, 677
0)6,737
0)3,385
25,41822.7
4,12728.109
25.15,986
3,10652
35,106
.0266
34.00.021012.88
663
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
608
4,7655,69726,394
70, 86237,17083, 71680, 57431,819
0)0)
0)0)
30, 42827.2
7,12829,994
26.87,207
3, 55860
37, 673
.0268
34.00.021014.20
680
490. 0! 5323,69128, 7676,519
36. 37
3.0410
34, 57929, 4565,123
187
30
35, 63338,802
46.036, 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
0)0)
0)(')
38. 34234.2
14,74936. 130
32.311,282
3, 13153
36, 315
. 0268
34.00.021013.75
19. 792
694
3 6 2 , f',72
227, S8427. C643. 333
30. 36
2 927
"'* "o31,68926, 6465,043
180
10
38,10535,372
43.536, 403
70, 235118
20.5021.15
22.892,175
1.5731.64215,986
12.88112, 27699,128
442
4,8963,814
28, 279
61,00315. 02664, 09466, 60335,317
0)0)
0)0)
42, 02437.5
12, 60638, 928
34.812,804
3,21754
39, 648
. 0268
34. 00.021013.85
789
359,22 i19,1,
»)•;(>
wr-5149413
174,312. 262
369
394.210,
44.2,
I'U.S124083769
2, 853 :0 '••
28,840 |23,912 !4,928 i
179 !
3.317 ;0 i
25,87221.054 !
4,818 i203 '
2. 800
5722,79118,3064,485162
33, 234 35, 99734, 786 39, 615
42. 9 47. 534., 698 I 39.807
74, 285121
20. 5021.15
77,460 !
123 '
20. 50| 21.15
22. 89 I 22. 89 !2,060 | 2,395 !
1,8071,376
16,491
13.8019, 246
104, 303
305
2,1981,113
17,579
19.96010. 406
114,878
340
29,18331,640
38.833,666
60,160102
20. 5021.15
22.892, 056
1,9161,203
18, 301
15, 3399,448
119.839
476
4,7112,950
30, 800
50, 87612,60456, 47653. 29838, 495
0)
(1)
30. 3(>027. i6, 848
36, 47132. 6
10,060
2, 98254
38,571
. 0268
34. 00. 021014.06
678
5.593 !2,887 !
33,612 j
57,928 i10,145 ;60,421 ;60,38738.463 :
11,'125 •
40, 2)9 :
3."). 910,173
3, 396
; 42, 808
\ .0208 '
; 34.00 •: .0210I 14.25
; 15,S81
i 70S
4, 3503,10334,875
69,77219, 44253, 45460,47531, 442
0)(0
34, 10030.49. 655
35. 94432.19.751
2. 987
36, 287
. 0268
34.00. 021013. 38
701
July 1939 SURVEY OF CURRENT BUSINESS 49
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
M a y
193S
M a y June July August Septem-ber
October Novem-ber Dtbeerm"
1939
Janu-ary
Febru-ary
March April
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Steel, Manufactured ProductsBarrels and drums, steel, heavy type:
Orders, unfilled, end of month number..! 257,961Production _ _ do
Percent of capacityShipments number..Stocks, end of month. _ do
Bailers, 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.. . . .do _ . .Unfilled, end of month do
Shipments doPlate, fabricated steel, new orders.•
Total .short tons..Oil storage tanks.. do
Plumbing and heating equipment, wholesaleprice (8 items) dollars..
Porcelain enameled products, shipments fthous. of doL.
Spring washers, shipments doSteel products, production for sale (quarterly): \
Merchant bars.... thous. of long tons..!Pipe and tube do '•Plates _ doRails do. . . .Sheets, total. do ,
Percent of capacity __JStrip: i
Cold rolled thous. of long tons..;Hot rolled do I
Structural shapes, heavy do |Tin plate. . . . do ;
Wire and wire products do \Track work, shipments .short tons_.|
814, 29£51.1
812,84331, 867
877
1,7801, 0161, 716
507387447
34, 03610, 976
0, 658
NONFERROUS METALS AND |PRODUCTS ;
Metals 'Aluminum: '
Imports, bauxite§ long tons..j 51,027Price, wholesale, scrap, castings (N. Y.)
dol. perlb__ .0688Babbitt metal (white-base antifriction bearing i
metals): !Consumption and shipments.total.thous. of lb_| 1,602
Consumed in own plants do 425Shipments .do 1,177
Copper:Exports, refined and manufactures!
short tons 36, 303Imports, total § do 19,040
For smelting, refining, and export§...do I 18,128Product of Cuba and Philippine Islands i
short tons. J 9All other§ d o . . . . 903
Price, wholesale, electrolytic (N. Y.)dol. per lb . . I .0983
Production: |Mine or smelter (incl. custom intake)
short tons.. 58,576Refinery _. do 68,536
Deliveries, refined, total. do 58,630Domestic do 45,961Export d o . . . 12,669
Stocks, refined, end of month.__ do j 342,419Lead:
Imports, total, except manufactures (lead con-ten t^ short tons.. 10,961
Ore:Receipts, lead content of domestic ore.do j —Shipments, Joplin district* do ! 3,679
Refined: IPrice, wholesale, pig, desilverized (N. Y.)
dol. per lb . J -0475Production from domestic ore. .short tons 43,026Shipments (reported) do . . . 40,124Stocks, end of month do j 129,270
Tin:Consumption of primary tin in manufactures
long tons__(Deliveries. _ do i 5,905Imports, bars, blocks, etc do I 5,118Price, wholesale, Straits (N. Y.)__dol. per lb.J . 4902Stocks, end of month:
World, visible supply long tons.. 30,866United States do I 3,387
399,085696, 264
43.3696, 73823,118
7347G0
1,290974 i
1,293 j
305321 i330 j
25,14111,425
227.10I
6 4 8 I1 1 5 I
448,176696, 528
43.3685,453
34, 089
547
1,6891,1281,591
292227353
20,0445,813
226. 89
709101
361, 750629,448
39.1622.155
41, 287
691894
1,5541,2021,480
321302247
27, 77315, 382
235. 42I
626 '84
351491 j310 !176 '781 i
29.9
65 I
2, 959
166 i338 !.383 j463 i..
3, 177 !
29,110 | 34,522 j 34,446
.0584 ! .0492
1,106329776
29, 38515, 24112, 575
1,976 |690
.0938
49,12547, 30033,15428,0445,110
369,809
3,263
30, 7264,108
.044031, 91825, 098164, 636
4,1204,2753,628.3684
27, 9093,679
1,225345881
33,10219,81818, 634
361,148
.0878
38, 20032,46543, 30332,86310,440
358,971
1,728
27. 5841,902
.041533,99235, 048164, 554
3,9504,2054,561.4035
29, 0614,247
.0663
1,305468837
42, 36922,16619, 549
2,001616
.0959
31,15535, 59654, 59741, 24913, 348
339,970
4,034
25,2694,330
.048827,97640,409155, 631
3,9303,7753,583.4337
31, C974,071
378, 675766,374
47.6771, 28335,756
7831,063
1,5381,0631,677
368292378
22,0693,646
235.03
749123
445, 310783, 592
48.7759,18860,160
5791,124
1,6301,0261,667
411386317
18,5513,623
234.01
736137
434564
374, 454841, 653
52.3865, 572
36, 241
7171,125
248,376788,040
49.0799, 678
24, 603
635947
1, 650958
1,718
318362342
21, 7935,379
519,375830, 979
51.7822, 74632, 696
8921,012
1,813 | 1,8521,064 ! 9771,707 I 1,982
I335 I255 !442 i
315205357
20,213 j 28, 2183,629 | 5,950
233.88 I 233.97 | 233.97
3,036
18. 855
.0736
1,538508
1,030
36, 98412, 97611, 673
421,260
.0990
44,55838,05362,83248,07114, 761
315,191
4,476
25,9413,744
.049023,723
384116
1,13143.1
214367331528
2,686
796164 i
675186
645177
616611452
438, 746749,070
47.5746, 51034,717
1,1311,264
1,9661,1321,813
368253318
20,5114,081
233. 99
610185
421,037552,189
35.0556,06930, 586
817
1, 7821,1401,775
388292349
22,9037,401 I
234.64 !
771180
351,203 | 277,719F09, 252 ! 800,292
50.1799, 402
44.4710, 22829,610
617660
30, 498
705834
1,798 1,6191,052 | 9521,886 i 1,707
499317474
7, 723
231 S2
959
399327389
35, 84 i5, 429
853184
1051,812 !69. ()
160384
2,608
142,868
4,1003,7754,880.4326
32, 2515,232
36,204 | 26,795
.0813
1,474453
1,021
40, 44113,19212, 402
91700
.1003
49, 31645, 80867,91953, 63714, 282
293, 080
4,443
27,6053,576
.050024,99439,026131, 353
3,7704,465
.4338
32, 4764,573
.0813
1,366509857
40, 91510,4399,408
77954
.1076
69,63056, 82482, 60569,82712, 778
267, 299
1,692
28,1935,113
.051027, 96845, 726
117,476
4,0604,9604,643.4522
31, 5394,500
2,514 j
33, 737
6172,S40
41,060 33,660
.0800 I .0750
, 606648958
31, 28516,15415, 568
172413
.1103
73. 20566,84664,65751, 39713,260
269,488
1,725 !
6441,080 !
!40,741 j 25,50322,132 18,55121,731 18,076
156244
.1103
72, 70968, 07147,80438,9778,827
289, 755
4,482 j 4,241
34,716 35,8853,911 ! 6,052
i. 0509
35,95842, 005
115,134
4,1603,5354,448.4623
30, 5985,060
. 048430, 98833, 908115,902
4, 3303,4003, 555.4618
30, 5545, 157
100374
.1103
69,17066,31654, 82751, 0593,768
301,244
11, 998
37, 6549,695
.048338, 29940,189117,214
4,2304,3303,971.4638
34, 2404,624
4,250 ,
35,397
.0713
1, 460359
1,101
23, 80711,63410,509
146979
. 1103
60,70759, 45251, 57748,2673,310
309,119
31, 5936,314
.048136,39134,421122,112
4,4104,1055,097.4562
35, 2455,486
6716.4S1
40,309 j 38,288
.0713 i .0703
1,380338
1.042
27, 36419, 36518, 450
105810
61,75266, 7L855, 02550, 8034,222
320, 812
13, 257
31,7483,264
28, 16220, 65119,728
180742
. 1027
' 62, 54858, 36846, 66742, 4814,183
332,513
16,593
30, 6144,396
. 0482 .047837, 790 36, 70440.871 I 37,903122 035 123,394
4,7555,208.4621
5,1905,9803,814.4720
33, 890 33, 8735,806 3, 385
r Revised.1As reported by 21 manufacturers through December 1938; subsequently, 2 of these ceased operations. For 1937 and 1938, data are available from the reports of the Bureau
of the Census for 34 additional establishments, and, beginning January 1939, for 57 additional establishments.•Data are for 46 identical manufacturers; beginning January 1938 data are available from the reports of the Bureau of the Census for 26 additional small establishments.tData for July, October, and December 1938 and April 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 issue.
50 SURVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August October Navjn-ber
1939
Janu-ary
Febru-ary March April
METALS AND MANUFACTURES—Continued
NONFERROTJS METALS ANDPRGDUCTS-Continued
Metals—ContinuedZinc:
Ore, Joplin district:Shipments} ..__ short tons..Stocks, end of monthf do
Price, wnolesale, prime, western (St. L.)dol. per lb_.
Production, slab, at primary smeltersshort tons..
Retorts in operation, end of mo number..Shipments, totalt- short tons..
Domestic doStocks, refinery, end of mo do-...
Miscellaneous Products
Brass and bronze (ingots and billets):Deliveries __.._ short tons..Orders, unfilled, end of mo do
Plumbing fixtures, brass, shipmentstfaous, of pieces..
Radiators, convection type, sales:Heating elements only, without cabinets or
grilles thous. of sq. ft. heating surf..Including heating elements, cabinets, and
grilles thous. of sq. ft. heating surf..8heets, brass, wholesale price, mill.dol. per lb_.Wire cloth (brass, bronze, and alloy):
Orders, new .....thous. of sq. ft..Orders, unfilled, end of mo doShipments doStocks, end of month._. . . .do
MACHINERY AND APPARATUS
Air-conditioning systems and equipment:Orders, new:
Totalt thous. of dol..Air-conditioning group do jFan-groupf ___ doUnit-heater group do
Electric overhead cranes: IOrders:
New ._. .doUnfilled, end of month .do
Shipments doExports, machinery. (See Foreign trade.)Foundry equipment:
Orders:New 1922-24 = 100...Unfilled, 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 1, 2, and 3 do.- . .Classes 4 and 5:
Number..Horsepower
Machine tools, orders, newav. 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
Pumps, steam, power, centrifugal, and rotary:Orders, new thous. of dol..
Water-softening apparatus, domestic, ship-ments . . .units. .
Woodworking machinery:Orders:
Canceled thous. of dol__New -.—do.Unfilled, end of month do_...
Shipments:Quantity.. ..number of machines..Value .........thous. of dol
32, 1267, 498
. 0150
42, 30230, 33139, 60739, 607
133, 075
4, 54312, 688
4381, 755
108. 9173.1144. 3
15. 2845, 456
15. 00920, 214
23
5. 023
21549, 255
219. 8
44, 216731
20, 773
1,236
1,217
216510
22, 92323, 431
.0404
37, 51031, 52524, 62824,628148,120
18,07927, 430
.0413
30, 79926,43729, 24829, 248
149, 671
|
2,782 ! 3,8008,745 I 15,864
28,06525, 292
.0475
30, 36225, 59633,82533, 825
146. 208
3,93617, 466
1,323
52 !
309.161
591328 {642 I
3,7292,1891,108431
1501, 929256
90.6157. 591.3
46
343.156
378
345645
3,6791,9481,202529
2891, 588630
62.2140.278.5
9, 0252,9798,732
26, 8668
4,831
13826,172
66.7
31, 832989
18,099
85211,771
11,8343. 298
999
922
3327580
169336
9,2782,7079,550
27, 36613
5,894
19430, 662
70.2
34. 7091,057
16, 228
63211,822
12,9823,314
952
1,090
17271581
144253
1,347 I 1,373
72
417.164
363657322611
3,0961,4841,135477
1561,246
75.3108.6105. 8
11,1213,13910, 68927,098
18
8,825
23642, 265
89.6
32, 426931
15, 240
4849,077
10, 2572, 333
1,034
822
18365640
150
38,01413,149
.0475
32, 29629, 76736, 50736, 507
141, 997
5,018 j 4,487 | 5,15914, 237 16, 267 j 17, 019
1,538 1,382 ! 1,446
31,89414, 895
.0485
32, 32831,55543, 58243, 582130.743
39,01418,745
.0501
36, 74032, 42743, 35543, 355124 128
34, 82717, 299
. 0492
40, 34336, 24343, 69343, 693120, 778
42, 23712,251
. 0450
45, 34538, 79339, 35439, 354126,769
27,452 I 33,22012,301 ! 8,400
.0450
44, 27739, 50042.63942. 639128,407
! .0450
| 39,613! 39,459
39, S2S: 39, N2"5i 128,192
60
565.168
470712407590
3, 0791,2931,144642
1441,147243
83.4102.889.1
15, 6223,38815, 37326, 638
18
30444,190
120.9
43,533908
17,196
6639,198
10, 4202,934
2,006
1,244
14337665
164298
65
495 j.168 !
538 i712439511
3,0191,270941
1131,017243
78.797.384.2
26. 4033. 386
26, 40523, 705
6
494.173
497822385505
12, 555 | 20, 126
32645, 030
117.4
87.991.893.4
20, 3462,673
21, 05922, 556
17,339
34259,920
118.1
35, 803928
17, 205
25,
13,
556997934
690 !8,702 ;
9,632 !2,075 |
1,462 !
1,078
6327,752
12, 2461,729
1,449
1,191
1381714
205 !332 I
4340656
165394
4,75913,740
1,359
110
570.175
4, 34711,463
1,218
109
491.174
3, 3521,228-•8991, 225
1711,080108
2,
1,
1,
885819837228
179052207
419 360780 j 752458 ! 392446 450
3,2111,112871
1,228
3771, 171
141.9126.0102.8
8.4352,1558, 82421,326
19
89.787.094.5
II, 4092, 56411,51821,421 !
12 |
7,689
22834, 533
112.2
26, 572893
12,803
8588,412
14, 6532,367
970
1,038
172388
4,926 !9,240 |
1,391
37
410 I.173 I
4,6628,161
1,419
26
418.173
505 352868 805388 i 404478 I 504
3,3491,747812790
' 2,889r 1, 446
821622 I
168 I 2011, 173 j 1,131
166 I 244
122.5151.496.3
9. 6163, 0338,738
21, 88516
135.5175.1112.2 ;
7,9813, 3407,67422.850
10
4,752 i 3,398 j 2,375
219 18940,117 I 34,909 i
i !146.5 ! 150.8 !
18638,932
167.1
24, 889865
10,402
6497,652
10,708 j1,480 |
1,155
1,077
46414,738
74014, 259
3 4456 612720 910
236 I
418 I
740 I5,858 |
10.297 !2,071
1,204
1,108
13363863
190397
1,0056,156
11,982 !2,981 I
1, 282 !
1,082
216 ;422
11.571
1. "0-~
47
497
4° 7 !'32 \
r i, 754r 2. S451.073
34. Sll
1 S". 4
41, 191 ; 31,485 42. "93" • ' "' 732
13.0784. 305
1. 258
1. o9S
14 1410 445836 i S96
2093S4
9,' OS294
. 0150
43,3 ,40*40,
r>,
oxo763fil6413S0
4,65714. 037
1,330
546.170
347768
4, 4992, 997955540
8231. 504
312
146.2208.6131.0
11,3465.181
10, 64021,619
3. 427
16432, 540
155. 6
38, 4681,46316, 889
1, 3469. 637
13, 9193,544
1,230
1,122
393923
152300
o Less than $500.
'Revised.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. 50 of
the 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 more than 85 percent of the total for 252 manufacturers.
IData for Julv, October, and December 1938 and April 1939 are for 5 weeks; other months 4 weeks.JData on zinc are for domestic slab zinc only. In the last several years, exports of domestic zinc (total shipments less domestic shipments) have been negligible, and
exports as reported in other sources have been restricted to the shipment of zinc smelted from foreign ores.
July 1939 SURVEY OF CURRENT BUSINESS 51
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
May
1938
May June July August Septem-ber
Octo-ber
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary- March April
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT
Furnaces, electric, industrial, sales:Unit kilowattsValue __ __ . thous. of dol
Electrical goods, new orders (quarterly)thous of dol
Laminated products, shipments.. _ doMotors (1-200 hp.):
Billings (shipments):A. 0 doD. C do
Orders, new:A. C . ._ doD. C _ do
Power cable, paper insulated, shipments:Unit. . thous. of ftValue thous. of dol_.
Power switching equipment, new orders:Indoor _„ . dollars..Outdoor do
Ranges, billed sales thous. of dolRefrigerators, household, sales.. _number..Vacuum cleaners, shipments: f
Floor __ doHand-type do
Vulcanized fiber:Consumption of fiber paper thous. of lb . .Sfaipmentsf thous. of dol
2 789194
849
566674
89, 809346, 530
^274,145
91, 05523, 322
1,749458
61230
582
1,704438
1,710368
497630
93,838261, 799
1,825179, 189
r 76, 322'23,220
1,328287
98874
157 315587
1,778476
1,927549
528765
68,418213,144
1,610104, 796
68, 97516,943
1,152286
48835
521
1,750296
1,539453
515565
195, 487221,862
1,47688, 772
55, 02213, 633
1,073306
1,914144
635
1,738458
1,695358
660657
118, 938190, 306
1,36792, 956
73, 30917,248
1,450350
82958
158,959800
1,742325
1,733472
763764
121, 481120,784
1,27262,148
79,18022,834
1,189380
1,32478
838
1,538300
1,641347
587555
55, 331128, 450
1,25734, 345
95, 68424,121
1,495372
1,17667
851
1,506305
1,605651
603588
55, 627124,927
1,04732,103
89, 77229, 734
1,565422
2,356110
160 374876
1,713446
1,733659
476502
91,720138,840
1,00647, 599
95, 52130,632
1,385383
3,147195
838
1,436330
1,574540
271273
51,124109,799
2,230150,108
78, 75323,846
1,410458
1,23598
812
1,508449
1, 762404
353312
47, 458223, 280
2,103198, 528
87.14025,132
1, 501470
4,081215
197, 654968
2. 050557
2,350739
037002
87, 019197,175
2,263251, 644
122, 78529,470
2,070
1,934161
830
1,986534
2,062546
700096
75,161279, 093
1, 939r 260,204
100, 48724, 539
1, 575466
PAPER AND PRINTING
WOOD PULPConsumption and shipments:*
Total, all grades short tonsChemical:
Su lpha te . . . 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.. .
Bleached . .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_.PAPEE
Total paper:Paper, incl. newsprint and paperboard:
Production short tonsPaper, excl. newsprint and paperboard:
Orders, new short tons..Production doShipments „ do
Book paper:fCoated paper:
Orders, new doOrders, unfilled, end of month doProduction _ do
Percent of potential capacityShipments 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. mil!s._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 _ do.Shipments do_Stocks, end of month do.
204, 220152,10894, 39857, 710
134, 350
140,13118, 562
201,123161, 601103,46458,137
137, 677
36, 35798,07801, 74736, 331
79, 9931.95
5.45
431,461
173,986126,08975, 25250,83727,425103,961
114,8819,982
438,157
177,140123,87478, 67745,19726, 965110,178
255, 874
24, 905130,40589.04541,3605,53095,0342.63
743,921
388, 466389, 346378,438
13, 3552,19413, 766'50.414, 26411, 688
75, 32330, 976
8.0079,152'64.076,574106, 345
27,5328,11329,91328,72872,449
428,283
175, 258125, 31375, 24050,07326,630101,082
130,18114,377
422,193
176, 254123, 38974, 35049,03926, 69595, 855
249,784
25,901128, 48188,15540,3265,59589,8072.38
806,949
441,468444, 607443,798
13,0132,55913, 718r50. 212, 75112, 655
72,83730, 888
6.0075,038'60.773, 939
107,436
31,9838,40834,10232,93573,272
450, 541
200, 282125, 74973,11352, 63625, 546
121,91912, 544
429, 551
200,930115,73369, 14646, 58724, 70188.187
228, 794
26, 549118,46584.18834, 2774,75079,0302.29
790, 379
443, 677420, 758428,130
14, 4672,57114, 730••56.114, 52612,830
80,10134, 573
5.4574, 919'62.476, 558107,360
30,9049,92728,06929, 60371,383
503,181
216, 739144,32086,40367, 91730, 617111, 505
159,99014,957
485, 830
217,004138,45778, 82659,63130, 71899, 651
211,443
26, 814112, 60276, 61135,9914,85167,1762.20
954,659
521,567528,246529,198
16, 6083,07616, 836r 59. 316,13813, 528
88, 26534, 542
5.4591,791'70.889,862110,267
39,10311,71740,69139,41872,813
495,097
211,591146, 61488,88557, 72931,118105, 774
142, 40720, 676
475,356
212,664139,02282,37356, 64930, 99592, 675
191,702
27, 887105, 01070,09934,9114,72854,0772.07
874,263
467,455454,897456,235
16,0292,76717,445r66.416,88314,144
91,46636,141
5.4588, 518'73.7
r 90, 518106,230
32, 52211,15732,45733, 56571,169
525,085
227, 063151,05691, 57559,48131, 505115,461
142,18815,175
522, 825
231, 804154, 21094, 72959, 48131, 625105,186
189,442
32,628108,16473, 25334,9114,84843,8022.02
926, 616
479,970482,812475,850
17,6873,16017,741'64.918,19413, 691
89,87835,123
5.4592, 758'74.392, 345107, 281
34, 26811, 58736, 55134,67773,166
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, 7044,90545,1162.00
957, 377
514, 201534,542532, 175
16, 6123,41017, 057'62.416, 73014,018
87, 92333, 730
5.4592,187'73.889,321109,975
48. 22516', 17445,14946, 52671, 948
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, 20556,95235,253
49,4022.00
849/* 64
437,128444, 728441,194
15, 7692,71417,096'62.617, 56312, 776
86,84034, 958
5.4585, 779'68.786,076109,604
32,75012,69237,81335,15874, 378
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
16,9613,07116, 84563.3
17,31912, 070
94,16040, 314
5.4589, 64272.5
91,667107, 518
'34,511'11,864' 36,001' 35,803r 65, 480
484, 507
199, 931136, G6785,12051, 54731,526116, 383
103,5047,312
484,605
200, 502132, 66279, 69852, 90431, 075120, 366
217, 624
48,139102. 07362, 35639. 7173,986
63, 4262.00
1 467.9971458,414•459,747
17,9113. 55217,79671.6
17. 04212, 472
88, 21836,931
5.4590, 58981.1
89, 377107, 602
'35,064' 11,187' 36,680' 36, 902' 65, 384
546,949 527,307
228, 680156,10797,15658,95134, 705127,457
117, 80017, 326
543, 411
228, 632149,01992,72956, 29034, 561131,199
48, 09194,98557,92937,056' 3. 84267,168
1.95
221,196148,80193,49855, 30332,946124, 364
78, 5349,867
521, 590
212, 559142, 401
88, 25054,15132, 768
133, 802
214,085 ; 208.369
39,45488, 58552. 08135, 904
3, 00470. 006
1.95
1,036,011 j 908,910
541,779 433,011534,500 I 458,533542,003 | 442,915
19,5534, 000
20, 02871.7
19, 91912, 581
102,81038, 053
5.45102,788
79.9104,196106, 435
r 48,124' 14, 227' 45,046' 46, 511' 63, 976
10, 3053,238
17,75408.0
17, 90212,433
92,71239, 252
5.4590, 289
77.788,980
106,381
33, 63012,14038, 49537,01966, 592
' Revised. c Estimated. •Pulp used in the producing mills and shipments to the market.§Revised series. Data revised for 1937; see table 20, p. 15 of the April 1939 issue.t Revised series. Data on vulcanized fibre shipments revised beginning 1934; revisions not shown on p. 51 of the January 1939 Survey will appear in a subsequent issue.
Revisions on vacuum cleaner shipments in 1938 not shown above are: Floor, January, 99,887; February, 81,334; March, 105,621; April, 89,636; Hand type, January, 24,873;February, 25,370; March, 35,713; April, 31,289. Data on book paper revised for 1938. For revisions see p. 51 of the March and April 1939 issues with the exception of Produc-tion—Percent of potential capacity shown here. The percent of capacity figures are on a new basis, and are not comparable with those shown in the monthly issues of theSurvey through May 1939. The new series, beginning January 1938 expresses the relationship of production to "standard capacity," which is based on the largest productionof book paper in any 3 consecutive months during the past 5 years. Data for the full year 1938 appear on p. 51 of the June 1939 issue.
52 SURVEY OF CURRENT BUSINESS July 1939
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
M a y
1938
M a y June July August Septem-ber October
Novem-ber
Decem-ber
1939
Janu-ary
Febru-ary
March April
PAPER AND PRINTING—Continued
PAPER- Continued
Wrapping paper: IOrders, new short tons-.i.Orders, unfilled, end of mo do 1.Production doShipments doStocks, end of month do
Newsprint:Canada:
Exports short tons..Production ..doShipments from mills... .doStocks, at mills, end of mo do
United States:Consumption by publishers doImports§ doPrice, wholesale, rolls, contract, destination
(N. Y. basis) dol. per short ton..Production short tons..Shlpments from mills doStocks, end of month:
At mills doAt publishers! doTn transit to x>ublishersj do
Paperboard:Consumption, waste paper doOrders, new ..doOrders, unfilled, end of mo -doProduction do
Percent of capacit yStocks of waste pap^r, end of month:
At mills short tons..
PAPER PRODUCTS
Coated abrasive paper and cloth:Shipments reams.Sp
Paperboard shipping boxes:Shipment?, total mil. of sq. ft._
C dp , q
Corrugated - doSolid fiber do
PRINTING |j
Book publication, total no. of editions.,_jNew books do..New editions do_
835708127
Continuous form stationery thous. of sets. . 116,935Operations (productive activity) 1923=100Sales books, new orders thous. of books.-! 16, 498
131,53251,479131, 683129, 019124, 856
209, 069207, 678193, 288189,008
176,600210,521
50.0068,00166,197
29,819342, 01534,912
210,117281, 40176, 701
286, 57457.4
175,729 '64,100164,305 i164,498 !126,094 !
194,521201,694 ;208,476 i182,226 !
159,199 I172,525 •;
50.00 i65, 38266, 204
28, 997324, 09824, 624
162,19370,610154,273157, 102 ,'125.022 I
191,38067, 336195, 253195, 822122,122
200, 837202, 546205, 490179,282
151, 875175,441
50.0063, 27869,718
22, 557316,635
26,262
219,611220, 303204, 668194,917
149,372 159,24366, 278 66, 181
152,063: 161,933152,281| 161.271122,107 123,360
195,586 ! 248,068231.940 I 254,872230,346 ! 255,100196,511 I 196,283
189,53069, 322
191,105189,695124,683
245,813245, 295264,421177,157
142. 220 !68,956 !151, 076 I149,033
148,56264,300
151,374149,088126,551
211,452209, 753
193,624208, 382
225,472 201,852161,438 167,968
151,324 | 162,457 187,450 176,322190,344 I 200,144 230,278 j 229,284
218,652298,845
76, 693296, 980
55. 0
221322
93306
218948
,637,343r>9. 7
50.0067, 43666,006
50.00 50.00 50.0068,315 ! 72,827 I 78,39074,336 j 72,203 ! 76,278
23,987 17,966 | 18,590314,586 | 303,067 288,40834,696 > 32.653 47,570
264,418361, 32396, 635
358, 97767.3
254, 024367, 200109, 288351,051
68.5
267,193370, 453107, 235370, 977
72.4
20, 702291, 47744, 628
243, 924327,16889, 586
344, 44566.3
177,134 ! 160,916209,782 I 183,050
50.00 ! 50.007."), sr,,-) I 77,26477,974 | 72,967
18,583 22,880 1284,661 267,155 !
30,677 36,872 \
221,768 233,311 i334,711 342,40894,411 | 109,099 |
163,62271,599
156,510159, 334124, 835
152,437200, 631178, 236190, 363
185,rGl,
895629
' 193, 823-•195,"•121,
217
767299
651220, 648205205
1 7 A
099912
r\c\a
329, 18160. 1
323, 39411.2
144, 308
50.0070, 86871,926
21,822251,04113, 449
247, 710338,030112,801338,803
67. 8
318,698 ! 312,684 ; 300,917 | 296,070 ' 284,239 | 275,746 ; 274,951 | 200,648 i 282,095 i 262.344
62, 530
2,041 |1,891 j
150 !
778 i652 !126 |
104,53787 !
16, 220
58,896 ;
2,2442,075
169
697583114
102, 34481
16. 285
61,220 71,085 j 82,091 : 79,007 . 72,029 j 62,309 j 81,867 ! 77,477
2,193 j1.982 :
211
829686143
78, 39378
14,578
2,7082, 466
243
787 :635 j152
89, 38577
16, 995
2, f.SO 2, 6392.372 2,430
217 209
2,547 !2,385 :
163
80!)72080
113,13280
15,522
1,1961.074
122116, 140
8116,280
900790110
119,90384
16,256
2,2392,081
1, 118961157
125,81189
14,788
2,2222,075
146
659 :602 !57
111,21187
15,998
2, 3042, 145
159
S76fi91185
107,55792
10,286
189,360 j
50.0079, 92981,616
20,135223,46932,580 |
292,474 |429,545 I121,420421, 576
73.4
141, 76056, 741
155, 172148, 112126, 483
16?, 352220, 843214, 255212, 500
179,542209, 597
50. 0077, 393
77, 463
20, 065
37| 253202, 918347, 57597, 340372, 984
60. 1
2 48, 595 ; 255,354
2, 640187
045803 j142 !
128,508 !86 !
16,880 |
So, 267
2.39^2.218
177
1,2221,043
179108,597
8716,041
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:Consumption, totalf longtons.
For tires and tubes (quarterly) do. . .fmports, total, including latex§ do. . .Price, smoked sheets (N. Y.) dol. per lb_Shipments, world long tons.Stocks, world, end of monthf do.__
Afloat, total do._.For United States do. . .
London and Liverpool . .do . . .British Malaya do.. .United Statesf do. . .
Reclaimed rubber:tConsumption . . . do . . .Production do. . .Stocks, end of month.. do. . .
Scrap rubber:Consumption by reclaimers (quar.) do. . .
TIRES AND TUBES
Pneumatic easings:fProduction thousands..Shipments, total doStocks, end of month. do
Inner tubes :fProduction doShipments, total doStocks, end of month do
Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics (quarterly) thous. of lb..
RUBBER AND CANVAS FOOTWEAR
Production, total thous. of pairs.-Shipments, total _ doStocks, total, end of month do
44, 37;
45, 784. 166
70, 000428, 07995, 00054, 04666, 02074, 308103,651
13, 51714, 76922,771
4, 4184, 7539, 919
3,8484,1548,840
5,0334, 017
19, 055
30,753
28,108.116
68. 000568,15894, 00032, 85987,21586,036
300,907
r 8, 549r 7, 420
r 21, 571
2,6633,2919,521
2,3252,9749,265
3,8113,648
20, 563
' 32. 54058, 99326,677 i 22,405
.126 j . 15471,000 ! 79,000 j
573,136 ! 580,65492,000 I 105,00032,079 ! 40,40092,312 j 95,25294.028 I 97,617
294,796 j 282,785
3, 036 j3,929 I8,470 I
2,797 !3,730 i8,337 i
37, 064
3,9703,74220,791
' 40, 18379,92835, 066
.16170, 000
551,44796, 00048, 92798,14089, 213
268,094
31, 674.166
74. 000565, 394101,00047, 772
,61490, 939
273,841
34, 325.169
75, 000540,97699, 00051.0623,272
89,630259,074
32,924.163,000
512,19692,00051,11490,07387, 531242, 592
45, 496. 163
75,000460,723102, 00055, 08172, 23581,274
205, 214
36,857.158
86,000497, 665105,00048,21080, 64390, 142
221,
8,8,
19,
1R
832196245
cm
' 8T 7 ?
r lo '
831682418
3,287 I 4,0383,870 ! 3,9918,041 I 8,217
2, 9363, 5197, 723
4,3.8,
026744029
337
832980859
49,441
2,719 4,2544,041 5,803
19,469 17,897
4,709 !6.360 '16,246
5,0674,991
16, 321
5,513 j 5,5236,139 ! 5,035
15, 695 i 16, 183
4,4
16
807778157
416
953629582
5,897 j5,214
17,281
5, 2164,414
18, 083
••Revised.§Revised series. Data revised for 1937; see table 20, p. 15 of the April 1939 issuetRevised series. Data for pneumatic casings and inner tubes revised for years 1936, 1937, and 1938; see tables 27 and 28 pp. 16-18 of the May 1939 issue. Stocks of news-
print, 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. Cruderubber consumption total, and reclaimed rubber revised for 1938. Revisions not shown above are as follows: Crude rubber consumption, January 31,265; February 25,357;March 32,389; and April 29,730; reclaimed rubber consumption, January 7,123; February 7,726; March 9,042, and April 7,984; reclaimed rubber production, January 8,069;February 6,497; March 7,430, and April 7,129; reclaimed rubber, stocks/January 32,115; February 30,372; March 28,120; and April 23.682.
July 1939 SURVEY OF CURRENT BUSINESS 53
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 1938 1939
May June July August s * P £ m ' October N<™m- ^easary
Janu- Febru-ary
March April
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Price, wholesale, composite dol. per bbLProduction _ thous. of bbl.
Percent of capacityShipments thous. of bbLStocks, finished, end of month . .do . . .Stocks, clinker, end of month do-_.
CLAY PRODUCTS
Bathroom accessories:Production thous. of pieces-Shipments do.. .Stocks, 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 do.. .Stocks, end of month do.. .
Vitrified paving brick:Shipments . do. _ -Stocks, end of month do._.
Hollow building tile:Shipments short tons.Stocks, end of month. . .do . . .
GLASS PRODUCTS
Glass containers:Production... thous. of gross..
Percent of capacityShipments,. thous. of gross.Stocks, end of month. ..do
Illuminating glassware:Shipments, total thous. of dol.
Residential.. .do. . .Commercial do. . .Miscellaneous 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.. . .do . . .Oypsum products sold or used:
Uncaleined do—Calcined:
Lath thous. of sq. ft.Wallboard do.. .Keene's cement short tons.All building plasters doFor manufacturing uses.... doTile thous. of sq. ft..
0)11,126
50.912, 68822, 275
5, 723
762792377
12. 287
4,51669.7
4, 4858,293
()8,036
72944.8
1.66710, 361
47.49,752
22,8756,326
710668250
12. 007130,728428,843
49,155277,009
7,90054,274
62, 296333,979
3,83766.8
3,902
391160129103
36022.2
1.66710, 535
49.810,94322,467
6,218
784240
11.927145, 476431,900
50,069271, 477
9,07956,849
64, 631344, 368
3,58360.0
3,8588,750
383167115102
5,956
34421.3
222, 282727, 777588, 78b
212, 716
200,444100. 704
5,126390, 059
25, 2465, 704
1.66710,968
50.210,16423, 286
6,089
751243
11.972129, 338430,168
46,512271, 488
11,41855, 689
55, 489350, 782
3,50661.0
3,8478, 354
357154130
725,506
33020.3
1.66711, 007
50.411, 82322, 5345,902
1,0631,015
200
11.902148,809428, 780
51,915267, 844
10, 77855, 423
62,186349,271
4,03165.0
4,1788,149
42120014180
7,676
43426.7
1.66710, 55949.9
11,71621, 3745,506
862841215
11.895142,900454, 393
47,828268, 583
8,04654,396
345, 089
3,65363.63,9717,641
50726614893
8,873
52232.1
313,120806,957650,804
228,375
251,76489,9946,591
432,77934, 5234,991
1.66711, 55652.9
12,35720, 5694,927
1,1191,130193
11.925166,471482,830
52, 402267,016
9,59152,999
62,410333,782
64.73,9547,493
551285153113
12,869
64139.5
1.66710,18448.28,57322,1794,963
1,1891,070195
12.039151,568482,032
45, 701272,200
7, 20651, 323
54,762335, 707
3,70964.63,4917, 643
532288133111
12, 883
88354.4
1.6678,06636.96,28123,9545,282
953891219
12.046133,184478, 260
37,307283,017
7,19148,127
46, 815347,147
3, 51558.83,0428,029
44322712591
12,691
1,00361.7
247,673683,127534,415
192,931
214,15189,6784,
333,73036,5174,885
1.6675.30124.35,64023,6115,563
831795255
12.360101,056476,359
34,499292, 565
4,27648,763
50,024342,408
55.83,4738,179
44321713097
12,209
94358.1
1.6675, 50627.95,043
24, 0925,986
728073321
12. 34195, 920455, 859
2,00748, 585
43, 643348, 792
3,38955. 7
3,3238,192
35718510765
10,165
(08,17137.48, 467
23, 7866,447
806720350
12.322r Kin, oso"397, 838
28, 785 | r 57, 624300,546 /290,90c
3,99447,336
r 72, 546340, 348
4,12961.4
3,9338,318
39620111679
11,867
91256.1
40, 423541,183533,440
139, 248
207, 41895, 981
331, 70226, 2335, 228
0)9, 67445. 79, 654
23, 837r 6, o!)8
583552374
12.327178.618373,924
276, 598
3.61245, 761
81,161326, 655
4, 07165.43,9788,336
74045.6
TEXTILE PRODUCTS
CLOTHINGHosiery:
Production thous. of dozen pairs..Shipments _ doStocks, end of month _ _do
COTTONConsumption bales..Exports (excluding linters)§ thous. of bales..Imports (excluding linters)§ doPrices:
Received by farmers dol. per lb_.Wholesale, middling (New York) do
Production:Ginnings, (running bales)•___thous. of bales..Crop estimate, equivalent 5U0-lb. bales..do
Receipts into sight do3tocks, end of month:
Domestic total.._ _ doMills.. _ d o —Warehouses do
World visible supply, total doAmerican cotton do
11, 79610, 89123, 490
605. 353143
14
. 085
. 096
266
13,5451,175
12.3707,4565,030
10,03810,09619, 995
426,149193
20
.084
.084
255
11.6331,581
10,0528,4906,071
10, 3689,660
20, 827
443,043176
15
.080
.084
213
11,1381,4129,7268,1425,772
8,8488. 538
21, 289
448,453196
25
.084
.089
211
10, 9081,2639,6467,8935,491
11,30411,71221,033
561, 40620118
.081
.084
1,336
674
10, 8781,0539,8267,6435,479
11,14612,44019,891
534, 03738911
.082
.081
6,577
' Revised. ° Total crop. •Total ginnings to end of month indicated.§Rcvised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.1 Discontinued by compilers; data on an index basis appear on p. 20.2 Discontinued by the reporting source.
2,500
14,1211,10713,0138,7266,686
11,84811,95719,933
542, 77846511
.085
.086
10,125
2,953
16, 8201,50715, 3139,8027,750
11,73111,97319, 843
596, 28948114
.085
.091
11,231
~ 1,712
17, 2921,71415, 5789,7577,790
10,86310,64120,217
11,02410,57722, 584
54 SURVEY OF CURRENT BUSINESS Julv 1939
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
Mai- Jane
1938
July August 8 e P £ m - j October Nob
veerm- De
bceerm"
1939
Janu-ary
Febru-ary March | April
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:Exports§ thous. of sq. yd...Imports! d o —Prices, wholesale:
Print cloth, 64 x 60 dol. per yd..Sheeting, brown, 4 x 4 do
Finished cotton cloth: JProduction:
Bleached, plain ...thous. of yd_.Dyed, colors doDyed, black do. . . .Printed., do
Spindle activity:Active spindles thousands..Active spindle hrs., total mil. of hrs..
Average per spindle in place _._hours..Operations! —_pct. of capacity..
Cotton yarn:Prices, wholesale:
22/1, cones (Boston).. dol. per lb._40/8, southern, spinning . . . . . d o —
23,2235,581
.042
.049
BATON AND SILKRayon:
Deliveries, unadjusted! 1923-25=100..Imports! thous. of lb_.Pries, wholesale, 150 denier, first quality
(N. Y.) dol. per lb_.Stocks, end of mo.* mil. of lb..
Silk:Deliveries (consumption) ..bales..Imports, raw thous. of lb..Price, wholesale, raw, Japanese, 13-15 (N. Y.)
dol. per lb..Stocks, end of month:
Total visible supply bales..United States (warehouses) d o —
WOOL
Imports (unmanufactured)§ thous. of lb..Consumption (scoured basis): ^
Apparel class d o —Carpet class - — d o —
Operations, machinery activity (weekly aver-age): 1Looms:
Woolen and worsted:Broad thous. of active hours..Narrow - d o —
Carpet and rug d o —Spinning spindles:
Woolen. - d o —Worsted - do.. . .
Worsted combs - d o —Prices, wholesale:
Raw, territory, fine, scoured dol. per lb_.Raw, Ohio and Penn. fleeces do....Suiting, unfinished worsted, 13 oz. (at fac-
tory) dol. per yd..Women's dress goods, French serge, 54" (at
mill) dol. per yd..Worsted yarn, 32's, crossbred stock (Boston)
dol. per lb_.Receipts at Boston, total thous. of lb_.
Domestic d o —Foreign.. _ d o —
Stocks, scoured basis, end of quarter, totalthous. of lb..
Woolen wools, total ., d o —Domestic d o —Foreign d o —
Worsted wools, total.. _. . d o —Domestic - d o —Foreign.. d o —
21,9757, 575
29581.4
.228
.335
6693,322
26,1503, 592
2. 689
61, 60124, 201
20, 542
20, 2445,852
1,57369
175
63,24879,174
117
.69
.30
1.683
1.015
1.1331, 46125, 6415,820
MISCELLANEOUS PRODUCTS j
Buttons, fresh-water pearl: jProduction . . .pet . of capacity..! 25. 2Stocks, end of month thous. of gross..] 6,379
Fur, sales by dealers thous. of dol.. v 1,877Pyroxylin-coated textiles (artificial leather) :f
Orders, unfilled, end of mo..thous. linear yd._ 1,887Pyroxylin spread thous. of 11> 1 4,727Shipments, billed thous. linear yd | 4,759
24,7134,092
. 045
.053 !
109,74879,0443,833
82, 876
21, 3425,459
20659.4
.225
4451, 435
.5267.8
28,6873,433
1.600
135, 61637,016
4,029
12,9443,036
8766494
39,90145, 718
84
.68
.26
1.535
1.040
1.0540,90040,198
702
24.77,1232,316
20,4444,503
.043
.051
20,0974,301
.047
.055
21,1546,089 j
044054
24, 493 26, 7814,981 5, 818
.043
.053.045.054
!102,327 I 110,56868,513 i 74,656
3, 434 5,02278, 538 80, 588
21,142 ! 21,9155,668 | 5,925
214 22560.8 I 70.2
130, 49888,362
6,74196, 417
128,642 134,92988, 619 I 95, 3725,877 | 6,379
89,396 102,278
22,153 ! 22,189 i 22,114 j7,375 ! 6,613 i 7, 118 I
280 | 252 ! 273 I76.2 I 76.1 i 81.9
.219 i
.348 !
4771,633 |
. 4 9 I67.0
31,492 |5,271
1. 609 |
.230 ;
,338 j
8772,074
.49 :53.6 !
32, 5934,073
1.834
.223 |
.335 I
9294, 409
.5141.1
.223335
910 !3, 145
.5134.6
.230
.337
25, 9784,912
.045
.054
134, 661100, 2006, 617
109,136
22, 4497, 575
29183.6
.240
.341
28, 2716,188
.043
.051
141, 266102, 5046,369
118, 926
22,4457,187 i
277 |82.3 !
I
704 |3,147 |
.5136.1
5952,031
.5140.0
38, 5044,975
1.729
38, 8445, 524
1.75'
133,157 138,105 ! 135,347 i 142,51144,457 42,305 \ 39,747 | 40,711
5, 847 ! 7,104 ! 9, 727 12, 281
35,631 | 41,5996,4375,417 j
1.854 1.801
15,4673,313 j
1,0995495 !
48.020 !55,134 !
101
.65
.26
1. 535 |
1.040 !i
1.0144,98944,181
139, 26046, 50937,830
22,746 I4,996 !
1,174 !58 I106 !
57,43855, 663
119
.29
1.635
1.040
1.0365,32264, 582
740
23,1366,025
1,49980143
74, 71069, 644
145
1.535
1.040
1.0544, 50642,0692,437
151,311 ; 150.71843,811 ! 46,218
15,373 ! 16,302
691 |1,781
.5139.5 |
35,204 I5,542 |
1.809 j
19.619 J 24,619 23,5126,386 j 8,660 7,716
,339 !77 I164
1,33586167
1,52989171
66,022 | 66,840 71,110 73,27762,851 70,205 85,954 97,019
117 120 146 I 149
92, 75179, 52013, 231
27.07,073 i3,314 !
.70 I
.29 1
1.535 j
.71
.31
1.535 I
29,6889,501
1,75981177
.74
.32
1.624
.73
.31
1.634
1.05 ! 1.06 |16,047 i 22,22210,021 18,4876, 026 3, 735
147, 59748, 27640, 2248,052
99, 32184, 38314, 938
1.1224, 34121,2393,103
1.1113, 6789,0094,670
115,65546, 68637,0659,62168,96952, 51716, 452
I
1,564 1,7114,129 3. 3414,087 I 3,404
22.4 i6,853 !4,838 \
1,8353,882 !3,785 ;
32.26, 9104,631
1,8904, 8494,429
41.37,0371, 465
2. 1964. 9984,389
37.8 !7,155 |1,515 i
1, 9084, 9224,516
36.3 I 30.47,229 I 7,1881,242 I '1,428
1,9174,2894,168
2,1454,6924,551
20,4688,534
.043
.050
127,16591,1154,780
107, 960
22,4407,64129585.7
.225 j
.338.220.335
7452,877
.5139.4
40,8165,039
1.900
149,778 I 124,35453,278 ' 48,554
18,162 | 21,938
25, 9419,784
1,92479186
73,48087,770 |
129
.73
.31
1.634
1.040 | 1.040 I 1.015 I 1.015
1.1015, 5395,37410,164
2306,480
' 2, 047
27, 3949,210
.042
.050 i
32,804 |10,108 !
.043 i
.050
29. 2736, 566
.042
. 049
126935
641483130
106, 396
144,021109,6526, 633
127,815
127, 85897, 2704,962
109, 250
22, 525 ! 22, 472 ; 22, 1097,171 ! 8, 230 ; 6. 893277 | 319 268
87.8 ! 86.6 : 84.1
.224
.335
7353, 395
.51 !39.5 i
33,219 I3,040 j
98, 07838,178
. 225
.335
f>703, 955
37.863 I3, 555 !
2.218 |
86,810 I23,116 !
. 335
6643, 457
. 51r 43.4
27. 8023,943
2.398
77, 23820, 738
17,274 | 25,441 j 16.. 826
22,449 I 21,110 ! 19. 5678,776 9,856 j 8,159
1,942 ;78 i
209
73,130 i82, 226
137
.73 !
.32
1.646
1.015
111,6,5,
.13820660160
1357
1.13,608,939,669
1, 338
198
55,70467,013
95. 69. 28
1. 683
1.015
1.1317,17310,2416,932
94,309 !_.38,830 '29,357 j9,473 :55,479 I33,443 i22.036 i
1.58075 i
213 I
60,041 !77,747 ;
124 |
.72 I
.30
1. 683
1.015
39.28, 507
* 2, 538
39.26, 607
' 3, 044
34. 66, 641
' 1, 874
2,451 2,223 I 2,188 : 2,2525,270 i 5.079 ! 5,402 ! 4,6434,785 I 5', 119 I 5,505 ! 4,576
I i
r Revised. » Preliminary.*New series; 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 issue will appear in a subsequent issue of the Survey.t Revised data. Cotton spindle activity revised beginning August 1933; see table 18, p. 18, of the March 1939 issue. Data 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 pyroxylin-coated textiles revised beginning January 1938 to includefigures for 2 small establishments cot previously reporting and to exclude those of one establishment not currently reporting; data for the full year 1938 appear on p. 54 of theApril 1939 issue.
I As explained in the 1933 Supplement, these data have been raised to industry totals. In January 1939 the compilers of the underlying data made available revised annualestimates of total yardage finished, 1934-38, but as the revisions in most instances were small, the adjustments have not been carried through to the monthly figures shownhere.
§Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 issue.fData for July, October ,and December 1938, and January and April 1939 are for 5 weeks; other months, 4 weeks.
Julv 1939 SURVEY OF CURRENT BUSINESS oo
Monthly statistic* 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
M a y
1938
M a y June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu-ary
Febru-ary March April
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total number.Commercial (licenser!) _do___Military (deliveries)i — . . d o . . .For export __ do . . .
AUTOMOBILESExports:
Canada:Assembled, total ._number..
Passenger ca r s . . . . doUnited States:
Assembled, total§ „._.. doPassenger cars§ _ . .doTrucks §_ -- .- _-_do
Financing:Retail purchasers, total. thous. of dol_.
New cars doUsed cars__.__ doUnclassified _ - . . . d o . . . .
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), t o t a l . . . do . . . .Passenger cars.- —do_.._Trucks . . . . . . . . . _..._.do
Automobile rlras.. thous. of rims__Registrations:
New passpriger car? „ . . .number . .New commercial cars do
Sales (General Motors Corporation):To consumers in U. 8 doTo dealers, total do
To U. S. dealers . . .doAccessories and parts, shipments:
Combined index.. Jan. 1925-100..Original equipment to vehicle manufac-
turers. . . . Jan . 1925=100.Accessories to wholesalers . do . . .Service parts to wholesalers do. _Service equipment to wholesalers d o . . .
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars owned and on order, end of mo.:Owned:
Capacity. . . _mil. of Ib._Number thousands..
Undergoing or awaiting classified repairsthousands..
Percent of total on lineOrders, unfilled . . .cars . .
Equipment manufacturers doIn railroad shops _ . . .do
Locomotives owned and on order, end of mo.:Owned:
Tractive effort mil. of Ib_.Number _._.
Undergoing or awaiting classified repairsnumber..
Percent of totai on lineOrders, unfilled. _ number..
Equipment manufacturers doIn railroad shops . . .do
(U. S. Bureau of the Census)
Locomotives:Orders, unfilled, end of mo., total . . .numbet. .
Domestic, total doElectr ic . doSteam do
Shipments, domestic, total doElectric _.doSteam do
Industrial electric (quarterly):Shipments, totai »..do
For mining use . . . . . d o
5,4804,075
25, 22014, 43010, 790
129, 053145,786112,868
128
120115154108
0)1,657
23114.2
9,261
0)
0)0)
8,64020.6
630)0)
1741651056021210
(American Railway Car Institute)
Shipments:Freight cars, total number..
Domestic doPassenger cars, total . d o . . . .
Domestic d o . . . .
2792791515
387 j181 I103 I103
5,2533,588
19,57912,1277,452
88,90646,61741,699
59082, 781
7330,077
18,11513,841
192, 059154,95837,101
706
178,05232,937
92, 593104,11571,876
82102108101
()1,711
22613.4
4,484
7, 71917.956
0)
1941881010
32613499
6,7954,433
16,8059,5647,041
86,93044,38842,014
52871, 323
7030,991
14, 73211,014174,670136, 53138,139
527
156,38430, 649
76,071101,90872, 596
84
749911990
169, 0021,708
22913.6
5,0711,5413,530
2,15543,124
7,87518.3372611
362354
11
2961398572
4,7603,376
16,4439,2227,221
77,03939,16037,386
49358,951
7729,122
9,0075,273
141,443106,84134,602
410
148, 89633, 476
78,75890,03061,826
75
6010012589
0)1,705
24114.3
10,2340)0)
0)0)7,984
18.626
0)0)
6466381827198
345HO8174
3,9122,558
11,1425,3476,795
80, 84740. 34739,927
57240,037
5432, 321
6,4523,063
90,49458, 62431,870
468
127,95434, 231
64, 92555, 43134, 752
79
6810414398
0)1,701
23814.2
8,892
0)0)
(»)(08,108
18.914
0)0)
535234181385
— i
407407
5735502222
62, 56129,17432,948
43926,769
5732,124
6,0894,290
83,53465,15918, 375
819
93,26926,570
40, 79636, 33516,469
104
9113616191
0)1,691
23113.8
7,459(l)0)
()(08,076
18.914
0)0)
2,3362,308 !
19 i19
62, 38530, 34431,613
42861, 359
6230,816
5,7745,412
209,512187, 49422,0181,312
119,05319, 589
68,896123,83592,890
133
129133167
(01,690
23514.1
5,1530)(0
0)0)
8,15519.1
70)0)
93, 45254,93337, 955
564126,650 ! 158,289
86,04751,26634, 260
621*1
44!8, 509
17,99215,423
372,413320, 344
52, 0691,723
200,85323,943
131,387200, 256159,573
136
150126142
0)1,686
23313.9
4,335
80)0)
8,13319.1
170)0)
94 |86 I75 I11 |7 i7 !0 !
18,67015,518
388,346326, 00662,3401,818
226, 97331,474
118,888187,909150,005
138
15712912183
166,7071,682
23114.0
5, 0804, 426
654
2,13042, 467
7,88118.6
305
25
76,39040,69435, 281
415134,150
4430,649
14, 79411,404
339,152280,03359,1191,714
203, 21237,715
88,865152, 746116,964
148
16013112991
()1,672
22513.7
6,6370)0)
0)
8,08419.1
25
917974
5 i23 !20 I
3 j
70, 77640,37435, 975
427124,021
14,30010,914
297,841239, 080
57, 8611, 443
161,94233, 279
83, 251153,886115,890
139
14014012995
0)1, 668
22513.7
6,788(')
0)()8,053
19.163
0)0)
10661 j45 |1 5 I150
102101
1,6621,655
33
1,1,
136023
09
11,
198198
00
1,1481,148
00
1,9171,917
00
113,84764,35048,915
582153,007
8335,331
17, 54912, 6S9
371,940299.703
72; 2371,730
248. 038r 45, 083
142. 002182, 652142,743
147
153142141105
(01, 664
21413.0
6, 5020)0)
0)0)
8,149 I19.3 j
62 I
I129119
596021
5551
114,09660, 00448,014
618150, 433
65r 34, 790
10,89112,791
337, 372273,409
63, 9031, 348
*265, 345a 45, 201
132,612158, 969126,275
136
129132150105
0)1, 662
22113.5
6,391(00)
0)()8,175
19.461
0)0)
149139796020200
2,1942,174
00
1, 3121,312
••Revised.1 Semiannually only, subsequent to April 1938<^Military deliveries not available subsequent to September 1938.§ Revised series. Data revised for 1937; see table 19, p. 14 of the April 1939 issue.
Exclusive of Tennessee.
56 SURVEY OF CURRENT BUSINESS July 1939
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
May
1938
May June July August Septem-ber October Novem-
berDecem-
ber
1939
Janu- Febru-ary ary April
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPME*
(U, S.Bureau of Foreign and D
Exports of locomotives, total§Electric§Steam
IT—Continued
omestic Commerce)
number..do
_ do . . .
INDUSTRIAL ELECTRIC TRUCKSAND TRACTORS
Shipments total numberDomesticExports
do . . . .do . . .
SHIPBUILDINGUnited States:
Vessels under construction, all typesthous. gross tons..
Steam and motor doUnrigged
Vessels launched, all types.Powered:
SteamMotor
Unrigged . . .Steel
World (quarterly):Launched:
NumberTonnage
Under construction:NumberTonnage
dogross tons...
. . . . do-..._.. do .
. do
_ _. ___ships-.thous gross tons
shipsthous gross tons
0)0)0)
(00)0)
217
14
736310
12102
786315
423379
4422, 232
19,050700
2,48222, 232
221210
39309
462420
4323,016
17, 6962,6422,678
11, 885
302848
8012,827
14131
4140
1
440397
4330,817
15, 53912, 4122,866
30, 605
1578
695811
465423
43846
0316530846
642
60519
466404
6222, 218
12,0008,7501, 468
22, 218
254807
6852 712
2322
1
4233
9
467404
631,450
350161939
1,450
330
463610
519448
70' 1, 274
350T 108
8161, 160
1918
1
756213
550461
8922, 629
19, 9000
2, 72922, 629
249705
7042 669
110
5047
3
547450
97r 13.964
11,7680
r 2. 196' 1 3 , 964
' 1 4 .
' 14,
11
2
53530
640536104505
800
,05
2113
604501104
42.513
34.-S85286
7. 34242.513
247T-90
716
90
70
C1)('i.
C1)(1)
(')(\)
CANADIAN STATISTICS
Physical volume of business:Combined index 1926 = 100.-
Industrial production:Combined index do
Construction doElectric power . .doManufacturing doForestry . .doMining . . .do
Distribution:Combined index do
Carloadings. _ doExports (volume) __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 do. . . .Transportation do
Finance:Banking:
Bank debits mil. of dol..Commercial failures* number..Life insurance sales, new paid for ordinary
thous. of dol.-Security issues and prices:
New bond issues, total doBond yields 1926=100-.Common stock prices... .-do
Foreign trade:Exports, total thous. of dol..
Wheat thous. of bu_.Wheat flour thous. of bbl.-
Imports doRailways:
Carloading thous. of cars--Financial results:
Operating revenues thous. of dol..Operating expenses . .doOperating income do
Operating results: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 tons..Steel ingots and castings doWheat flour thous. of bbL.
121.4
123.348.6235.5113.3112.6232.7
115.981.1138.091.2138.0
102.6105.987.5
83.173.7
106.294.2108. 4155. 8133.2135. 181.4
2,839
33, 657
210, 42162.499.2
94, 88313, 655
~ 72," 958
215
2,333
110.7
112.548.9210.2104.791.9199.4
105.571.886.481.7132.8
41.134.172.5
'84.280.3
107.488.2110.6149.7131.9131.383.9
2,46293
30,342
198,46161.799.7
72, 7913,371297
67,123
190
25, 44524,186
96
1,798128
2,08272115978
108.4
109.349.7209.8103.596.7176.6
105.768.7100.179.8133.4
20.68.275.9
^ 84.180.1
111.9114.5112.3153.3135.3131.584.9
2,73192
35,120
77,74661.8100.0
78, 3087,275300
58, 947
187
24, 57723, 816'490
1,525160
1,97364109
109.1
109.850.6212.3101.3101.4192.1
107.071.5104.379.8133.7
40.329.787.3
'84.278.6
113.5124.9111.8154.5146.1133.386.3
2,46672
30,126
98,45162.7106.9
78, 7207,248283
55, 823
183
25, 77324,515
'12
192
1,98851
929
110.5
110.852.5218.3100.9102.2198.6
109.576.3127.182.6131.9
91.977.0
'84.976.0
112.1128.0110.0153.6143.5132.1
2,371102
27,996
51, 39962.7105.2
86, 5386,266286
57, 026
213
28,43926,1031,095
2,063172
2,0764983
1,103
119.2
120.752.8223.6114.2110.2202.1
114.981.0162.684.4134.0
123.9135.174.0
-84.174.5
115.1133.8113.8157.4146.7131.088.7
2,65581
27, 442
51, 47465.398.6
108, 54212, 615
32056, 412
250
34, 50426, 9196,375
153
2,1645074
1,639
118.6
121.161.7220.9113.2107.1201.4
111. 576.0132 089.1133.7
145.6162.769.0
r83. 974.1
116.7143.5112.5160.8136.1134.690.1
2,97692
31, 854
108, 95863.2109.7
102, 71924, 579
52963, 909
257
37, 60925 6811U, 684
3,924119
2,3295176
1,906
123.4
128.348.4
226.4125.3112.8206.6
109.274.2122.785.7132.5
101.6106.679.1
'83.873.5
114.6122.5110.9163.4132.8135 687.9
2,965122
36, 611
104. 93061.5110.4
94, 07521,704
47863, 304
219
30, 4312 2 , fif>16, 502
2,668101
2,3764690
1,606
115. 6
118.162.7221.6111.3111.7183.1
108.673.7100.075.8137.0
85.788.473.6
r83. 673.3
114.0112.8110. 1163.3131.7139.785.0
2. 90571
35, 827
86, 14261.8
106. 8
70. 45215,983
36544, 286
178
27,52122, 6333,597
2,100166
2,3505379
1.052
113.0
114.240.3
230.0111.1120.7176.8
109.370.7
141.277.6
133.8
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
81,7737,879
38043, 743
171
23, 79822, 923
1,871123
2,3875878
1,098
111.7
114.156.2
232.3105.0111.6190.9
104.966.7
110.171.7
133.4
32.323.571.7
' 83. 173.2
106. 589.4
106.0160. 5129.5131.079.4
2, 050121
30, 879
54.G5761.9
104. 1
62, 3995,746
29140, 380
160
22. 65222,921d 1, 490
1,707122
2,21441
1,037
113.2
115. 247.5
233. 1107.6110.4196.7
107.471.8108.473.9135.0
48.140.781.2
' 83. 173.2
106. 594. 3107.0lfiO.9128. 5128.980.3
2. 42899
128.30461.1103.7
25, 70024, 333
193
2. 054127
2, 3074196
1,194
116. 7
119.151.3
226. 5109.5120.2219.6
109.669.2
126. 978.0137.2
60.358. 568. 1
r 83. 173.4
104.991.6
107. 1157. 4131.4131.1
79. 3
2. 47394
151.08363 09G. 2
56, 5072. 832
40100
1. 114
' Revised. d Deficit.1 Discontinued by reporting source.*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
xill appear in a subsequent issue.§Revised series. Data revised for 1937; see table 19, p. 14 of the April 1939 issue.
INDEX TO MONTHLY BUSINESS STATISTICS
CLASSIFICATION, BY SECTIONS
Monthly business statistics:Business indexes -_ .Commodity pricesConstruction and real estateDomestic tradeEmployment conditions and
Finance - — •-—__...._Foreign tradeTransportation and communica-
tions - _ _ _ . . . .Statistics on individual indus-
Chemicals and allied products . .Electric power and gasFoodstuffs and tobacco
Leather and productsLumber and manufacturesMetals and manufactures:
Iron and steelNonferrous metals and prod-
uctsMachinery and apparatus
Paper and printingRubber and productsStone, clay, and glass products. _Textile productsTransportation equipment
Canadian statistics
Page19202123
25303 6
37
3 84141454 647
4 8
4950515253535556
CLASSIFICATION, BY INDIVIDUALSERIES
PageAbrasive paper and cloth (coated) 52Acceptances 30Accessories—Automobile 55Advertising 25Agricultural products, cash income received
from marketings of 20Agricultural wages, loans 29, 30Air-conditioning equipment 50Air mail 24Airplanes. 38, 55Alcohol, denatured, ethyl, me than ol 38Aluminum 49Animal fats, greases 39Anthracite mining 19, 26, 28, 45Apparel, wearing 20, 24, 25, 26, 27, 28, 53Asphalt. __ 46Automobiles 19, 24, 25, 27, 28, 29, 55Babbitt metal 49Barley 42Bathroom accessories 53Beef and veal__ 43Beverages, fermented malt liquors and dis-
tilled spirits 41Bituminous coal 19, 20, 26, 28, 45Boilers _ 49Bonds, prices, sales, value, yields 30, 35Book publication 52Boxes, paper 52Brass 50Brick __ 53Brokers' loans 30Bronze 50Building contracts awarded 21, 22Building costs 22Buildiug materials 20,47,53Building permits issued 21,22But ter . __ 41Canadian statistics 56Canal traffic 38Candy 44Capital flotations 33,34Carloadings 37Cattle and calves 43Cellulose plastic products 40Cement 19, 53Chain-store sales 24Cheese 41Cigars and cigarettes 44Civil-service employees 26Clay products 25, 27, 28, 29, 53Clothing 20, 24, 25, 26, 27, 28, 29, 53Coal 19, 20, 26, 28, 45Cocoa 44CofTee. 44Coke 45Collections, department stores . 24Commercial failures 31Commercial paper 30Construction:
Contracts awarded, indexes 21Costs 22Highways 22Wage rates 29
Copper 49Copra and coconut oil 39, 40Cost-of-living index - 20Cotton, raw and manufactures. .- 19, 20, 21, 53, 54
PageCottonseed, cake and meal, oil 40Crop3._ 19,20,42,43,53Currency in circulation 32Dairy products . . . _ 19, 20, 41, 42Debits, bank „ 30Debt, United States Government . 32Delaware, employment, pay'rolls 26, 27Department-store sales and,stocks 24Deposits, bank . 31Disputes, industrial 27Dividend payments 35Earnings, factory, average weekly and
hourly _ 28, 29Eggs 19, 20, 44Electrical equipment 51Electric power, production, sales, revenues. _ 41Electric, street railways 37Employment:'^Cities and States 26
Nonmanufacturing 26Emigration 38Enameled ware 49Engineering construction 22Exchange rates, foreign 32Expenditures, United States Government-_ 32Explosives 39Exports 36, 37Factory employment, pay rolls 25, 26, 27, 28Fairchild's retail price index 20Fares, street railways 37Farm employees 26Farm prices, index 20Federal Government, finances 32,33Federal-aid highways 22,29Federal Reserve banks, condition*^ 30Federal Reserve reporting member bank
statistics 30Fertilizers 39Fire-extinguishing equipment 55Fire losses 23Fish oils and fish__ 39, 44Flaxseed 40Flooring, oak, maple, beech, and birch 47Flour, wheat 43Food products 20, 25, 26, 27, 28, 29, 41Footwear 46, 52Foreclosures, real estate 23Foundry equipment 50Freight car3 (equipment) 55Freight carloadings, cars, indexes 37Freight-car surplus 37Fruits...- 19, 20, 42Fuel equipment 50Fuels „ 45,46Furniture 47Gas, customers, sales, revenues 41Gas and fuel oils 45Gasoline 45,46Gelatin, edible 44General Motors sales 55Glass and glassware. __ 19, 25, 27, 28, 29, 53Gloves and mittens 46Gold 32Goods in warehouses 23Grains 19, 20,34,42,43Gypsum '**v£\53Hides and skins 21,46Mogs 43Home loan banks, loans outstanding 23Home mortgage insurance 23Hosiery 53Hotels -_ . 26,28,38Housing 20, 22, 23Illinois, employees, factory earnings 26, 27, 29Imports 36,37Income-tax receipts 32Income payments 19Incorporations, business 23Industrial production, indexes 19Installment sales, New England 24Insurance, life 31Interest and money rates 30Iron ore, crude, manufactures 19, 48Kerosene 46Labor turn-over, disputes 27Lamb and mutton 43Lard 43Lead 19,49Leather 19, 21, 25, 26, 27, 28, 29, 46Leather, artificial 54Linseed oil, cake, and meal 40Livestock _ 19,20,43Loans, agricultural, brokers', real es ta te . - 23, 30,31Locomotives . 55, 56Looms, woolen, activity 54Lubricants 46Lumber 20, 25, 27, 28, 47Lumber yard sales and stocks 47Machine activity, cotton, wool 54Machine tools, orders 50Machinery 25,27,28,50,69Magazine advertising 23Manufacturing indexes 19Marketings, agricultural 19, 20Maryland, employment, pay rolls . 26, 27Massachusetts, employment, pay rolls 26, 27Meats 19,20,43Metals 19, 21, 25, 27, 28, 29, 48, 49, 50Methanol . 38Mexico, silver production 32Milk _ 42Minerals 19,26,28,45,50
PageNaval stores 39Netherlands, exchange rates 32New Jersey, employment, pay rolls 26, 27Newsprint 52New York, employment, pay rolls, canal
traffic 26, 27, 38New York Stock Exchange 35Oats _ 42Ohio, employment . , 26Ohio River traffic 38Oils and fats__ 39, 40Oleomargarine 40Paint sales 40Paper and pulp 21, 25, 26, 27, 28, 29, 51, 52Passenger-car sales index 24Passengers carried, street railways.» * 37Passports issued 38Pay rolls:
Factory 27, 28Factory, by cities and States 27Nonmanufacturing industries 28
Pennsylvania, employment, pay rolls 26, 27Petroleum and products •. 19,
21, 25, 26, 27, 28, 29, 45, 46Pig iron. 48Porcelain enameled products 49Pork _. 43Postal business 24Postal savings 31Poultry 19,20,44Prices:
Retail indexes 20World, foodstuffs and raw material 21
Printing 25, 26, 27, 28, 29, 52Profits, corporation 32Public relief 29Public utilities 31,32,35,36Pullman Co _ 38Pumps 50Purchasing power of the dollar 21Radiators 48, 50Radio, advertising 23Railways; operations, equipment, financial
statistics 37, 38, 55, 56Railways, street 37Ranges, electric 51Rayon 54Reconstruction Finance Corporation, loans
outstanding 33Refrigerators, electric, household 51Registrations, automobiles 55Rents (housing), index , 20Retail trade:
Automobiles, new, passenger 24Chain stores:
5-and-10 (variety) 24Grocery 24
Department stores 24Mail order _ 25Rural general merchandise 25
Rice ._ 42Roofing. . . __ _ 40Rubber, crude, scrap, clothing, footwear,
tires 19, 20, 25, 26, 27, 28, 29, 52Savings deposits 31Sheep and lambs _ 43Shipbuilding 56Shoes 21, 25, 26, 27, 28, 29, 46Silk _ 20, 21, 54Silver _ 19,32Skins . . . . 46Slaughtering and meat packing. 19, 25, 26, 27, 28, 29Spindle activity, cotton 54Steel, crude, manufactures 19, 25, 27, 28, 48, 49Steel, scrap, exports and imports 48Stockholders 36Stock indexes, world 20Stocks, department stores 24Stocks, issues, prices, sales 35,36Stone, clay, and glass products . . . 25, 27, 28, 29, 53Sugar _. 20, 21,44Sulphur _ 39Sulphuric acid 39Superphosphate - 39Tea _. 20,21,44Telephone, telegraph, cable, and radiotele-
graph carriers 38Textile products 54Tile, hollow building 53Tin 20,21,49Tobacco 19, 25, 26, 27, 28, 29, 44Tools, machine 50Trade unions, employment 26Travel 38Trucks and tractors, industrial, electric 56United States Government bonds 35United States Steel Corporation 36, 48Utilities - 31, 32,35, 36Vacuum cleaners 51Variety-store sales index 24Vegetable oils 39,40Vegetables 19,42Wages . . - 28, 29Warehouses, space occupied 23Waterway traffic 38Wholesale prices 20, 21Wire cloth 50Wisconsin, employment, pay rolls, and
wages 26, 27, 29Wood pulp 51Wool 54Zinc 19, 50
1939CONSUMER
MARKET DATAHANDE
Domestic Commerce Series N- 102Price •l.TS
(/his flMDBOOlCpresents 82 series of consumer
marketing data, % of Which have never been published
before, tfhe itst of the series Were dmiOnfzvm oVer
800 tables in 18 individual Volumes and 49 separate
releases, dhese series are presented for each of the
3,070 counties in the U. S., and most series are
shown for each of the 3J65 cities of 2,5OO
population or more, classified under fiOe
principal groups:
1 Population and Dwellinps.Z Volume 4 Type cfjfusaiess G Industry,3 Empbyment and Payrolls.4 Retail Distribution by Kinds of Business.5 Related Indicators of Consumer
Purchasing Pouter:
Designed far the practical use of manufacturers, di$~tributors, advertisers, aditertisiny agents, researchfirms, and others interested in consumer markets*
Copies Available from,: -
(pVernmezitFHntiny Office, Washington,&C,
or your nearest District Office
Buckram Bound
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