AUGUST 1940 SURVEY · 4.2 million vehicles against 3.4 million of the 1939 models, for a very...

AUGUST 1940

SURVEYOF

CURRENT BUSIN

UNITED STATESDEPARTMENT OF COMMERCHBUREAU OF FOREIGN AND DOMESTIC COMMERCSl

WASHINGTONVOLUME 20 NUMBER 8

UNITED STATES DEPARTMENT OF COMMERCEHARRY L. HOPKINS, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCEJAMES W. YOUNG, Director

SURVEY OFCURRENT BUSINESS

A publication of the

DIVISION OF BUSINESS REVIEWM. JOSEPH MEEHAN, Chief

MILTON GILBERT, Editor

Volume 20 AUGUST 1940 Number 8

CONTENTS

The business situation. , .Production continues to riseNew orders and Inventories. . ,Foreign trade in June

Revision of seasonally adjusted index of variety-store sales. . .New Federal Preserve index of industrial production

CHARTS

Figure l.-—Monthhr business indicators, 1936-40Figure 2.—Indexes of total freight car loadings, adjusted, 1936-4?). .Figure 3.—Weekly spot commodity price indexes, 1939-40Figure 4.—Indexes of value of exports of merchandise (including re-

exports) and of general imports, unadjusted, 1936-40... ,

Page335

911

CHARTS—ContinuedPage

Figure 5.—Value of exports of United States merchandise, 1938-40.. 8Figure 6.—-Index of dollar sales of variety chain stores l!)

STATISTICAL DATA

New or revised series:Table 30.—-Index of dollar sales of variety chain stores, unadjusted

and adjusted, 1929-40 10Table 31.—Indexes of industrial production, unadjusted and

adjusted, 1919-40 , 11-17Table 32.«—Wholesale prices, chemicals and allied products 18

Monthly Business Statistics 19General Index , Inside back cover

Subscription price of the monthly and weekly issues of the SURVEV OF CURRENT BUSINESS $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.24S327—10 1 l

SURVEY OF CURRENT BUSINESS August 1940

Monthly Business Indicators, 1936-40IOO

INCOME PAYMENTS

1936 1937 1938 1939 1940

IUO

90

80

70

60

CASH(1924-

uIM . l l l l l

INCOME29 = 100)

/r

I i

rv

I i i 1 1 ! 11

FROM

| \

\V

: i ! i i

FARM

! M I ! I I

MARKETINGS *

1 1 ^ 1 ! 1 j IJ.

Ah

I ' 1 M ! ! i I! '

1936 1937 1938 1939 194-0

FACTORY EMPLOYMENT AND PAYROLLS140

FACTORY EMPLOYMENT(ADJUSTED)

FACTORY PAYROLLS'-*1(UNADJUSTED)

60

175

150

125

100

75

1936 1937 1938 1939 1940

COTTON CONSUMPTION(1923-25 =-100)

J1 1 M 1 1 1 1 1 1 1

\

\

1 1 1 1 1 1 1 1 111

A/

• M l inn M i l l 1 II 1 I

V

1IIII1II11 1

1936 1937 1938 1939 1940

140

120

100

80

6 0

INDUSTRIAL PRODUCTION(VOLUME, 1923 - 25 = IOO)

j

,,

\\\

!

* •

A! 1 \

1 J

i | 1 1 M 1 1 ! 1 I I !

1936 1937 1938 1939 1940

NEW PASSENGER CAR SALES200

150

100

50

(1929-31 = IOO)

TIT

LLJ 1J 1 1 L i i i

\

1 I ! 1 1 1 i i 1 I I 1 1 1 1 1 ! 1 1 1 I ! 1 M l | I M I I .

1936 1937 1938 1939 1940

DEPARTMENT STORE SALESI \0

IOO

90

80

70

160

140

!20

100

80

(1923 ~ 25

1 I 1 ! 1 I 1 1 M I

= 100)

) i 1 I 1 i 1 M M

¥| I I ! 1 ! 1 ! M j

A,,,, , ,|

1936 1937 1938 1939 194-0

PRICES OF 350 INDUSTRIAL STOCKS(1926 = 100)

J 'V,

[ii i ii 1 i ii i in m l n i i .

XT'

M 1 1 1 1 1 II 1 1

* ADJUSTED FOR SEASONAL VARIATIONSFigure 1.

1936 1937 1938 1939 1940DO. •

August 1940 SURVEY OF CURRENT BUSINESS

The Business SituationBUSINESS in general continued to improve in July,

after allowance for customary seasonal movements.The gain during the month was moderate com-pared with the sharp upswing in June but at the endof July overall activity was higher than at the end ofJune. The business situation is well supported at thistime by a large volume of unfilled orders and activeconsumer purchasing. Although inventories are notmuch below the peak to which they were pushed inMarch by last fall's buying wave, there is no furtheraccumulation of significant magnitude taking place intotal holdings at present. The persistent softening ofsensitive commodity prices and the failure of securityprices to respond to rising business volumes reflect un-certainty with regard to the international political andmilitary situation rather than any fundamental weak-ness in domestic economic conditions.

Production Continues to Rise.

For July as a whole there was a further rise in indus-trial production adjusted for the seasonal, extendingthe gain of the 2 previous months. Whether therewas some actual decline in output is uncertain, but ifso it was not so large as is usual in July. Omittingthe automobile industry, which is changing to newmodels unusually early this year, there was certainlya contraseasonal rise in output from June to July.Marked fluctuations occurred in individual industriesduring the month, but it is doubtful whether therewas an intra-month recession as indicated by some ofthe weekly business indexes. These fluctuations canin most part be traced to disturbances occasioned bythe Independence Day holiday and the early termina-tion of the automobile model year. What did takeplace in July was a leveling off in the rate of increasefrom the previous month.

The pace of the current upward movement in produc-tion is to be found in the 3-month rise in steel-ingotproduction. Though the increase in the utilization ofsteel capacity has not been so rapid as the 30-pointadvance of last September and October, it is significantthat the present development—from 60 percent ofcapacity in April to about 84 percent in July—has notbeen accompanied by so substantial a measure of inven-tory accumulation as in the earlier period. At the endof July steel-ingot production was on the upgradefollowing the hesitation shown by producers to advancethe rate in the last weeks of June and the beginning ofJuly. The month closed with production above 90percent of capacity for the highest rate since mid-December.

Of the durable manufactures automobiles aloneexerted a marked statistical influence in a downward

direction in July, in consequence of the early closing ofthe model year. Since March, in fact, during whichtime the automobile industry pushed output to near-record levels, this distortion has been in evidence.Production for the model year is estimated at about4.2 million vehicles against 3.4 million of the 1939models, for a very favorable comparison with 1929 and1937 when assemblies reached 5.3 million and 4.9 mil-lion, respectively. With 1940 schedules virtually com-pleted by August 1, the prospects were that 1941 carswould be in production without extended delay.Consequently, the automobile industry in the nearfuture will provide a substantial support to the general

120

IOO

80

60 —

401936

( 1923 - 25 = IOO)

•

1937 1938 1939 1940Figure 2.—Indexes of Total Freight Car Loadings. (With Adjustments for

Seasonal Variation, 1936-40.)

level of production and give an upward lift to businessindexes.

The leveling off in business activity during July wasto be noted in the moderate decline in freight car-loadings from the year's peak in the last week inJune. On a daily average basis total loadings inJuly were only fractionally above the month before.Ore traffic bettered the extraordinary May-Junemovement. The light grain shipments during theearly weeks of June were succeeded by 6 weeks ofloadings heavier than the usual seasonal. Coal andcoke movements also showed contraseasonal gainsduring July as in June. Miscellaneous freight failedto improve seasonally, but 1. c. 1. shipping made abetter showing than in June. On the other hand,,electric power output in July did better than maintainthe June growth and at the end of the month approachedthe all-time high of last December for the best July onrecord.

The new Federal Eeserve index of industrial produc-tion, presented on pp. 11-17, of this issue, shows thatthe fluctuation in output during the first half of 1940was much less violent than that indicated by the oldindex. From a peak of 126 (1935-39=100) in Decem-ber output fell only 15 points by April in contrast toa decline of 26 points for the old index during the same

SURVEY OF CURRENT BUSINESS August 1940

period. By June the new index rose to 121, only 2points under the level for the first month of this year.The relation of June to January would be a littleless favorable in terms of the old index.

New Federal Reserve Indexes of Industrial Production,Seasonally Adjusted

Industrial production, totaL..Durable manufactures

Steel ingotsMachineryAutomobilesAircraftShipbuildingLumberPlate glass

Nondurable manufacturesCotton consumptions-Wool textilesShoes

Rubber consumption-

MineralsBituminous coalCrude petroleumIron ore shipments.. .

June1939

1029794988616012610173

106106104105108

1059710998

Decem-ber 1939

126140167125121239144122124

118128115108125

114106118122

June1940

v 121v 131154

p 128106

P 3 1 6P 17111080

p 111112P 8 7v 100114

v 121p 117v 119155

Preliminary.

To the end of June, nondurables had regained less ofthe volume lost during the early 1940 recession thanhad durables. The adjusted index of nondurable man-ufacturing was, nevertheless, above the level of June

1939 in the new index. The outstanding exception tothe slower upward movement was the paper industry,operating above 90 percent of production since lateApril. Rubber consumption was at relatively highlevels, having declined less than most nondurables, butan upward movement in this field was not indicatedin June. Activity at cotton mills in June rose moder-ately for the second monthly gain to exceed cottonconsumption in June 1939, and preliminary data indi-cate that mill consumption in July was appreciablyhigher. Following a severe decline in the early springmonths, wool textile production showed some improve-ment in May with little change in June, but comparedunfavorably with last November and December. Asarmy contracts are worked on during the summermonths, the trade expects activity to increase. Through-out the year the shoe industry has held production atan unusually low level. In June, however, shoe outputrose sharply on an adjusted basis, though productionwas in lower volume than a year ago.

The June advance in durable manufactures restoredproduction of those goods to October-November vol-umes, and less than 7 percent below December. Im-portant factors in this development were the aircraft,shipbuilding, and machinery industries which were un-

MONTHLY BUSINESS INDEXES

Year and month

1929: June1932: June1933: June1937: June1938: June1939:

JuneJulyAugustSeptemberOctoberNovemberDecember

1940:JanuaryFebruaryMarchAprilMayJune

Monthly average,through June:

1929193219331937193819391940

January

Monthly incomepayments, ad-

justed i

Monthly average,1929 = 100

99.259.56.90.

231

80.0

84.83.85.86.88.88.89.

89.88.87.868787

1748055

541729

98.96455888183

21835

87.8

99.57.53.88.77.

82.

16212

882.884.84.86.87.87.

87.

05637

286.08585

61

85.986

99635286

8

0272

78.08186

91

99.462.257.090.280.7

85.485.586.787.0

88.888.487.788.7

98.967. 056.888.681.984.588.9

Factory em-ployment

andpay rolls

ft-a-aS5

.» a

o

Monthly av-erage, 1923-

25 = 100

107.063.672.2

111.285.2

94.395.395.997.5

101.2103.4104.5

103.9102.1100.499.299.2

100.5

105.267.965.4

109.388.593.4

100.3

112. 743.749.1

107.671.1

86.584.489.793.8

101.6101.6103.7

98.397.898.296.396.397.9

111.550.542.3

104.774.985.797.5

Cash farmincome 2

Monthly av-erage, 1924-

29 = 100

73.061.5

59.567.575.593.0

107.090.079.0

69.060.560.062.566.062.5

65.459.358.063.4

80.567.5

63.563.066.573.576.576.579.0

79.084.076.081.580.069.5

Industrialproduction,adjusted 1

Freight-carloadings,adjusted l

I

Retail sales,value, ad-justed i

Monthly average, 1923-25=100

125599111477

98101103111121124128

119109104102106114

12366711187898110

127589311474

97100105111121124130

11810810198103113

12565711197698109

114648511593

10410691114121124120

125120121123121121

111717511395100117

10949617858

67697077808278

787369707275

103545278576370

10570686759

61626263626362

626160596060

104746568606160

11368679382

86

101685885778082

1929-31 = 100

141.542.549.099.050.5

79.080.576.583.593.7

102.8108.5

125.8130.8112.5112.5104.1123.0

165.345.143.2

123.766.993.9

125.1

Foreigntrade,value,

adjusted 1

SB

8.X

©ft

B

I

cts,

sted

1!3

nst

5

Monthly average,1923-25 = 100

« ©

I

M o naver;1926 =

thlyige,= 100

11634367969

70697272726791

951G0929091104

11537.3068706291

11536409347

58575759657377

746260616468

118393187505767

IS 627186154

63677373768386

756362646468

125281760537168

133.865.465.7

101.587.0

94.789.688.793.996.594.5113.5

101.387.999.097.699.795.6

135.569.5

3 58.3100.684.088.396.9

95.263.965.087.278.3

75.675.475.079.179.479.279.2

79.478.778.478.678.477.5

65.661.587.179.376.478.5

i Adjusted for seasonal variations; monthly averages, except income payments, are based on unadjusted indexes.3 Average for 5 months, January, February, April, May, and June.

2 From farm marketings.


affected by the general decline in the early part of theyear. The May-June recovery was dominated by theiron and steel industry; in other industries the im-provement was less pronounced. Little improvementwas noted in lumber, cement, plate glass production,and other related industries, for example, which inJune were unchanged or lower. In all cases theseindustries were substantially below December, thoughin most instances above the preceding June. In themineral classification, as shown in the accompanyingtable, production continues as it has for most of theyear to date in higher volume than last fall.

New Orders and Inventories.

The information collected in the Department ofCommerce Monthly Industry Survey reveals the basisof this 2-month rise in industrial output. Althoughdata are available only through June, they are indica-tive of the current situation. After declining steadilyfrom the peak of last October through February, thedaily average of new orders received by manufacturersturned upward. The volume of new business in March,however, was still below shipments, an approximatebalance between orders and shipments not being reacheduntil April—and, at that, only with the help of a con-tinuous decline in shipments. In May, there was amore significant advance, as incoming business ex-ceeded shipments and increased the volume of unfilledorders for the first time in 6 months. The May risewas largely confined to the durable-goods industries.In June, there was a further and even larger increase innew business which extended over a broader area ofmanufacturing industry. Most industries participatedin the larger flow of new orders, the exceptions beingmostly seasonal in character. Purchasing of semi-finished materials generally and of finished consumers'goods was considerably under that of last fall, but theJune volume of incoming business in the importantmachinery industries was well above that of theOctober-November peak of 1939.

With this pick-up in new business, unfilled ordersagain increased despite a sizable rise in shipments inboth May and June. Backlogs in the durable-goodsindustries increased 3/2 percent in May and 7 percentin June, the gain for the 2 months being nearly as largeas the January to March decline. With the strongsupport provided to manufacturing operations by thisincrease in unfilled orders, it would take a sharp declinein new business to reduce the volume of output withinthe next few months.

According to the information available at this time,there was some slackening in the pace of business pur-chasing in July. The let-up, however, was not ofmajor proportions and as it was apparently confined tocertain standardized semifinished commodities, pur-chasing of which usually takes place in spurts, it is notparticularly significant. With new orders in June wellabove the shipment rate, it might be expected that in-

coming business for steel, nonferrous metals, and tex-tiles, would fall off in July. The fact that copper andcotton-textile buying picked up considerably late inthe month indicates that the decline for the month doesnot foreshadow a reversal of the upward businesstrend. In the case of the steel industry, for example,trade reports suggest that new business secured in Julywas still equivalent to the volume of shipments.

What is significant is that, although shipments hadrisen in June to approximately the December level,total inventories showed no increase during the month.Total stocks of manufacturers actually declined,though the fall was of a seasonal character. Excludingthe automobile industry, which normally reduces in-ventories sharply toward the end of the model year,total holdings increased only to a minor extent in June.The data by industries show that the iron and steelindustry group, which includes certain of the majorsteel-consuming industries, and transportation equip-ment other than autos, were the only areas in which asignificant inventory increase occurred. Nor do stocksof wholesaling and retailing firms appear to be rising.Inventories of wholesalers declined by about the usualseasonal amount and the department-store adjustedstock index was unchanged from May to June.

As shipments were back to the December level butinventories not rising as they were at that time, it isapparent that a larger proportion of shipments nowconsists of finished manufactures w hich are being imme-diately moved from marketing channels. This sug-gests the fundamental difference between the situationduring the last quarter of 1939 and the current expan-sion; forward buying was the major stimulus in theformer instance, whereas at present permanent invest-ment in capital goods, higher export orders, and pur-chasing on government account, are providing the basicimpetus to expansion.

Sensitive Prices Weak.

The general wholesale price level has been practicallyunchanged during the past 2 months of improved busi-ness. Prices have not responded to the increase inpurchasing as they did last fall; the Bureau of LaborStatistics index of 813 commodities has declined frac-tionally from 77.8 at the end of May to 77.3 at theend of July (1926=100). The trend of sensitive com-modity prices, however, has been more markedly down-ward, as may be seen in figure 3. During the monththe Bureau of Labor Statistics index of 28 basic com-modities declined almost 4 points. Almost all thecommodities included in the index have eased off, withthe sharpest declines in the import group.

This softening of commodity prices is not primarilya reflection of the lower volume of buying in domesticmarkets, and hence not a sign that business recoveryis running out. It should be remembered that priceshave been rather consistently pointing downward sincethe sharp jump of last September, and that from the

6 SURVEY OF CURRENT BUSINESS August 1940

beginning of the recovery in mid-1938 to the outbreakof the war, business volumes improved despite a grad-ual decline in the price level. In other words, duringthe past 2 years the only major upward movement ofprices, that of last September, resulted from the im-pact of heavy forward buying. The continuing volumeof consumption was insufficient to push prices up.Hence, with most of Europe cut off from world marketsand with no strong forward buying move under way,it is not surprising that prices are not firm at the pres-ent time. The sensitive price index is still about 7percent above the pre-war figure and it would seemthat considerable expansion of domestic income andconsumption could occur without creating pressure on

AUGUST 1939=100140

130

120 —

I/O

DOMESTIC AGRICULTURALCOMMODITIES

90

1939UNE JULY AUG. SEPT OCT. NOV. DEC

1940 O.O 40-4/3

Figure 3.—Weekly Spot Commodity Price Indexes 1939 and 1940. (Datafor Week of July 23 are the Latest Plotted.)

the price level. Industrial prices have been relativelyfirm, and existing cost-price relationships have beensuch that the increase in business volumes has resultedin a very marked rise in profits (discussed below).

Construction Contracts.

After a slight reduction in the first half of June,construction-contract awards resumed the upwardmovement which they have followed since last January.The increase in the latter days of June brought thetotal to within 4 million dollars of the 329 million-dollarhigh established in May of this year;* and the 172-million-dollar total attained in the first half of Julyrepresents a contraseasonal advance for that period.This advance is largely accounted for by the pro-nounced increase in public construction, which marksa reversal in the trends public and private constructionhave followed since the first of the year. From Janu-ary to June, public contract awards remained at com-

paratively low levels and constantly declined in per-centage importance, while construction was sustainedby steadily expanding work on private account, es-pecially in the residential field. Since the beginningof June, however, private awards have declined, butthis has been offset by an increase of 32 percent in thevalue of work undertaken on public account. Publicand private awards currently comprise about equalshares of total construction, against proportions of 35percent and 65 percent, respectively, prevailing earlierin the year.

The following table presents a comparison of con-struction awards over the period from January 1 toJuly 15 of this year with the corresponding period in1939. Total volumes are about equal, although thishas not been true of the month-by-month totals.Awards for the first 3 months of this year were con-siderably under the comparable 1939 total, while theawards since April have exceeded those of last year.It can be seen that the higher level of residentialbuilding has practically offset the decrease in the othercomponents, particularly public works.

Value of Construction Contracts Awarded[Millions of dollars]

Construction

Residential . . _NonresidentialPublic works and utilities . _.

Total . . . . .

1939—Jan. 1-July 15

692557587

1,836

1940—Jan. 1-July 15

755532509

1,796

Source: F. W. Dodge Corporation.

Both the F. H. A. new^-construction mortgagesselected for appraisal and residential contract awardsindicate that this type of construction has declinedfrom the high May levels. The decline, however, hascorresponded closely with the normal seasonal expec-tation. Commercial and factory buildings continue asthe major components of the nonresidential field incontrast with last year, when educational and sciencebuildings and other types influenced by the Govern-ment's works program were much larger.

Consumption Volume High.

With the marked improvement in June, the totaldollar volume of consumer buying of commodities,seasonally corrected, is estimated to have exceeded thepeak of December 1939. As retail prices were some-what higher than 6 months earlier, it is probable thatthe physical quantity of goods sold to consumers inJune about equaled the quantity for the earlier month.The extent of the support which this volume of con-sumption is providing to current production is indi-cated by the rise of 9 percent in the dollar volume ofretail sales over June 1939. Significant is the generalnature of the increase. Outstanding was the rise inautomobiles and similar types of consumer durablegoods not shown separately in the table. Retail auto-


mobile sales in June were 42 percent above those of theprevious year, and the latest report on sales of electricappliances show the major items to be at an all-timehigh.

The percentage increase in retail sales for June ascompared with a year earlier for the principal lines ofbusiness is estimated as follows:

Percent IncreaseTotal retail sales „ 9

Department stores 7Variety stores 3Apparel stores 8General merchandise (small towns) 5Jewelry 8Grocery stores 7Drug stores.. 4New passenger automobiles 42Furniture and household appliances . 9H ard ware 6Lumber and building-material dealers 5

1 The little information available for July indicatesthat consumer purchasing is holding at and perhapsabove June volumes, with allowance for the seasonalslack. Department-store sales in July appear to haveequaled the June figure, when the Reserve Board'sadjusted index was at 93. Early reports on automobilesales in July, however, suggest that the month'svolume was not much below that of the previous month,which would mean a substantial gain on a seasonallyadjusted basis.

It is interesting to note that, as nearly as can beestimated, per capita consumption at the present timeis equal to that of 1929. During the past decadepopulation has increased about 8 percent and thephysical quantity of consumers' purchases in June was8 percent above the 1929 average. Any expension ofemployment and income resulting from the nationaldefense program will push per capita consumption tonew record levels.

Financial Developments.

Extreme dullness characterized the stock marketduring July, despite improved business. Volumerevived in the last two sessions of the month, but for26 trading days the total turnover on the New YorkStock Exchange was only 7,304,820 shares, the lowestlevel of activity recorded since August 1918. Stockquotations showed little net change during July, andclosed the month still some 14 percent lower than inthe first week of May. Such moderate advances aswere witnessed were evenly divided between capital-goods and consumer-goods issues. Export trends,national defense developments, business improvement,and rising profit were without notable influence uponstock movements. Automobiles and automobile parts,electrical products, finance, gold mining, householdproducts, machinery, and retail-trade stocks scoredmodest gains in the face of broad market inactivity.

The bond market, considering the volume both of

transactions and of new bond issues, presented a con-trast with the equity market. Corporate bonds carriedinto the third week of July the price recovery initiatedin June and, after intermediate weakness, had re-attained at the end of the month a level only a fewpercentage points below that of early May. Therestoration of favorable bond market conditions coin-cident with this decline of bond yields stimulatedsecurity flotations in July to the largest volume ofrecent months.

Corporate financing, mainly for refunding purposes,continued at approximately the 1939 pace in the firsthalf of 1940, hardly showing any stimulation from theexpansion of industrial production and rising returnon invested capital. The total compiled by the Com-mercial and Financial Chronicle exceeded $1,093,000,-000. This was $85,000,000 above the comparablefigure for January-June 1939, but $92,000,000 belowthe July-December total last year. New capital issuesaccounted for $264,000,000 in the most recent 6-monthperiod, $46,000,000 above the volume of new financingin the first half and $100,000,000 over that in the sec-ond half of 1939. Corporate issues for new capitalhave not been indicative of plant and equipmentinvestment, which has been expanding steadily sincemid-1938.

Commercial, industrial, and agricultural loans ofFederal Reserve weekly reporting member banks,fluctuating within a range of approximately $135,000,-000 during January-June 1940, entered new highground for the post-war period in July. The currentlevel, however, was less than $550,000,000 above theAugust 1939 weekly average. The larger part of thisexpansion occurred prior to January 1940; from the1940 low point recorded in the last week of Januaryto late July, commercial, industrial, and agriculturalloans increased only about $170,000,000. Total loansfor all purposes, as reported weekly by member banks,remained materially below the post-war high set inDecember 1939.

Higher domestic consumption, the continued upwardtrend of plant and equipment investment, and thestimulus afforded exports by the war, during the first6 months of 1940 lifted the earnings of industrial cor-porations sharply. Reports of 400 companies tabulatedb} the National City Bank of New York, show a riseof 59 percent above results for the first half of 1939.Corporation earnings in the second quarter of 1940were somewhat under results of the previous 3 months.The quarter-to-quarter decline for 325 companies tabu-lated by the National City Bank of New York was 6percent. This decline of corporation profits, reflectinga concurrent moderate drop in the average of industrialproduction from the first to the second quarters, wasaccentuated by increased provision for taxes, whichalso reduced the year-to-year increase over 1939 for theJanuary-June period.


Foreign Trade in June.

The merchandise export balance of the United Stateswas further enlarged in June, as exports of UnitedStates merchandise rose to 344 million dollars underthe influence of heavier purchases of war materialsand as imports remained unchanged at 211 milliondollars.

The increase in the export total of 26 million dollarsover May was of considerable magnitude, in view of thealmost complete elimination of Italy and the otherMediterranean countries, except Spain, as markets forAmerican goods during the month. As first the Scan-dinavian countries and later the Lowlands and theMediterranean were cut off from American trade by wardevelopments, the volume of exports has been wellmaintained by increased purchases by the British Em-pire, France, and the countries of Latin America,

125

100

50

251936 1937 1938 1939 1940

Figure 4.—Indexes of the Value of Exports of Merchandise (IncludingReexports) and of General Imports. (Without Adjust-ment for Seasonal Variation, 1936-40.)

As to the character of the commodities comprisingour export trade, the increase in shipments since thebeginning of the war in September has been the resultlargely of the growing volume of machinery and indus-trial raw-material shipments required to meet the needsof the allied belligerents, rather than the sale—with theexception of aircraft—of fabricated munitions of war.In June, for the first time, the bulge in the export totalsis traceable to the large transfer of surplus war materialsfrom American stocks and, in addition, enlarged saleof explosives. Firearms and ammunition—largely thesurplus stocks—were shipped abroad in the amount of19.5 million dollars as against 2 million in May; explo-sives in the amount of 7 million dollars against 374,000dollars in May.

Figure 5 shows the trend through June of the exportitems which have dominated the rise of the foreign-tradevolume during the war period. Exports of iron andsteel-mill manufactures reached a new peak, exceeding43 million dollars, and nonferrous metals were againhigher. Aircraft shipments likewise increased to a levelonly slightly under the December peak. On the otherhand, metalworking machinery and industrial chemicals

receded in value. Cotton exports continued to declinefrom the extraordinary point attained in January, whenshipments to the United Kingdom were at a peak.

The major change among commodities imported intothe United States in June was the increase in the valueof wines and spirits from 4.2 million dollars in May to9.2 million in the following month. This increaseresulted almost entirely from withdrawals from bondedwarehouses in anticipation of the tax increase applicableJuly 1. Other commodities imported in larger volumethan in June include tin, rubber, pulpwood, and rough

MILLIONS OF DOLLARS MILLIONS OF DOLLARS25

30

20

10

0

IRON & STEEL- > * /MILL PRODUCTS / y

. . ' . . i . ; I • ,. ••

METAL-WORKINGMACHINERY A

I/

NONFERROUS METALS AIRCRAFT tt-. ho

id:

1938 1939 1939 1940

Figure 5.—Value of Exports of United States Merchandise, 1938-40. (U. S.Department of Commerce, Bureau of Foreign and Domestic Commerce.)

diamonds. Substantial reductions, however, were re-corded in imports of raw silk, oilseed, cattle, copper,and cut diamonds.

With imports unchanged in volume, the increase intotal exports (including reexports) brought the netmerchandise export balance to a figure of 139 milliondollars in June and the cumulative total for the firsthalf of 1940 to 774 million. This was the highestfigure for any corresponding period since 1921.

As certain of the usual net debt items in the balanceof payments must be much below the level of recentyears, particularly tourist expenditures and immigrantremittances, the favorable balance on current accountfor the first half of 1940 was unusually high.

August 1940 SURVEY OF CURRENT BUSINESS 9

REVISION OF SEASONALLY ADJUSTED INDEX OF VARIETY-STORE SALES

The monthly index of sales of variety chain stores publishedregularly in the SURVEY OF CURRENT BUSINESS is one of a seriesof retail sales indexes prepared by the Bureau of Foreign andDomestic Commerce to measure changes in the volume of con-sumer purchasing and to furnish store operators with a standardwith which to compare their sales volume. The series wasoriginally presented and described in the March 1934 issue ofthe SURVEY OF CURRENT BUSINESS.

A complete revision of the seasonally adjusted index and arecompilation pf both the adjusted and unadjusted series from a1929-31 base to a 1935-39 base is presented below.1 No changehas been made in the reporting sample of stores or the methodof computation of the unadjusted index aside from the changein the base period. The unadjusted index is based on dollarsales figures provided by a cooperating group of seven varietychain organizations doing more than 75 percent of the businessin that field. The series reflects the trend of sales of a constantnumber of stores, composed, insofar as possible, of identicalunits, thus eliminating the effect on sales totals of changes inthe number of store units operated by companies in this field.Allowance is made for the differences in the number of businessdays in the month and for the sales importance of the differentdays of the week.

The revision in the seasonally adjusted series has been madeprimarily to allow for changes which have been taking placeduring recent years in the seasonal pattern of sales made throughthis type of store. Certain shifts in the proportion of total annualsales normally made in the various months of the year have beenevident for some time, but no attempt was made to revise thedata until the changes became more definitely established.2

Among the more significant changes which have occurredduring the past 10 years in the seasonal distribution of sales isan appreciable rise in the relative importance of December busi-ness. Changes in the number and quality of items handled byvariety stores to include an increasing volume of commoditieswhich have a heavy Christmas demand account for much of thischange. Similarly, a rather pronounced rise in the importanceof June business has taken place during the last decade, whileJuly also accounts for a slightly larger proportion of annual salesin comparison with earlier years. October suffered the mostpronounced loss in sales importance, although February and Mayalso experienced a measurable decline. No shift of any conse-quence occurred in the other months of the year.

Since a large volume of variety sales is associated with theEaster season, and since the date of Easter varies between Marchand April, a special adjustment is necessary to compensate forthis element of fluctuation in the sales totals recorded for thesemonths. The revised index also incorporates newly computedcorrection factors derived from data which have become avail-able since the original series was presented. At that earlier dateit was considered impracticable to derive Easter correctionfactors entirely from the limited number of years for which com-parable variety-store sales data were available. Hence, ex-perience with department-store sales was given weight in de-termining the correction factors. The new correction factors

1 This revision was prepared by Howard Grieves, Chief of the Statistical ResearchSection, with the assistance of Reba Osborne. The change of base period has beenmade upon the recommendation of the Central Statistical Board, which seeks amore recent base period and a greater degree of uniformity in general-purpose indexnumbers prepared by Federal agencies. Other retail-trade indexes prepared by theBureau will be shifted to the new base period when revisions are completed,

2 The new seasonal adjustment factors were computed by the "ratio to movingaverage" method. To ascertain the existence of and to measure changes in theseasonal pattern, the ratios to moving averages of all the Januarys, Februarys, etc.,were plotted chronologically from 1929 through 1939. A smooth curve was thendrawn through the plotted points for each month and the seasonal adjustment factorfor each year read from the curve, after which the monthly factors for each year wereadjusted to equal 1,200. A further modification is described in text footnote 4.

248327—40 2

are based exclusively on variety-store sales experience and indi-cate a more substantial concentration of the Easter trade withinthe 10 days immediately preceding Easter.3 Therefore, theydiffer considerably from those formerly used.

It is apparent from examination of the unadjusted index ofvariety-store sales that the amplitude of the seasonal variationin December is affected by the cyclical position of business.When business is expanding, December sales usually rise con-siderably more than the average December increase; and whenbusiness is declining, December sales rise considerably less thanthe average December increase. As a high degree of correla-tion was found between the December rise and the cyclical levelof previous months, this factor was taken into account in theadjusted series in order to eliminate the continuous Decemberpeaks and troughs which would otherwise have appeared.4

An opposite tendency, although less well defined, may alsobe present in the behavior of January sales. That is, Januarysales give some evidence of being affected by the relative salesvolume of the preceding month. In a year when December ismuch above normal seasonal expectations, the following Januarytends to be substandard, and vice versa. No attempt to adjustfor this variation will be made, however, until data for additionalyears establish the movement more accurately.

In appraising the significance of month-to-month changes inthe adjusted variety-store sales index, it should be noted that achange of less than two points between successive months cannotbe regarded as of particular moment unless part of a sustainedtrend extending over more than two consecutive months. Thisresults from the fact that movements of variety sales contain aconsiderable erratic element which cannot be eliminated bysystematic adjustment of the data.

s The corrections for Easter applied to the basic seasonal adjustment factors are asfollows: For March.—It Easter falls before April 2, +6.5; on April 5 , -1 ; on April 9,—3.3; after April 10,-4.0. For April.—Before April 2,-6.5; on April 5,+l; on April 9,+3.3; after April 10,+4.0. The reason for the greater correction when Easter occursat extremely early dates, 6.5 points compared with the 4-point correction for late oc-currences, is technical in nature and results from the fact that the prevalence of AprilEasters tends to bias upward the basic April adjustment factor to which the Eastercorrection is applied.

4 Ordinarily the monthly correction factors for each year are so distributed over the12 months that they total 1,200. In this case, however, if adequate allowance ismade for the large December variation, the sum of the monthly correction factors formost years differs by such a wide margin from the conventional total that this pro -cedure would result in seriously disturbing the adjustments for the other months.The distribution of differences of large magnitude is a very complex problem for whichno satisfactory solution is yet available.

Consideration of the magnitude of the December variation and its close positivecorrelation with the average level of variety-store sales in the immediately precedingmonths suggests the desirability of a somewhat different treatment. That is, thecorrection factors actually used in preparing the seasonally adjusted index were notmade to add to 1,200 for each year to compensate for the wide December variations.Although the average of the adjusted series for a specific year may therefore differ fromthat of the unadjusted data by somewhat more than is customarily considered desir-able, it should be noted that the cyclical nature of the differences tends to render themoffsetting over a period of years.

This method of adjustment has the additional advantage of making it possible tocompute directly the appropriate correction factor for December on the basis of theinfluence which seems to be the primary element in the December variation, namely,the level of variety-store sales during the immediately preceding months. TheDecember seasonally adjusted index without the cyclical correction may be readilycomputed by any reader who prefers to see the peaks and troughs in the Decemberdata. This may be done by simply dividing the unadjusted index shown in table 30by the appropriate correction factor taken from footnote 2 of table 30.

The special corrections for December, added to or subtracted from the seasonaladjustment factors shown in footnote 2 of table 30 were computed as follows: The ratioof the unadjusted index of December sales to the 12-month average centered at thatmonth was determined for each year. From such ratios were subtracted the Decem-ber seasonal adjustment factors shown in footnote 2 of table 30. The differences wereplotted against the averaged unadjusted variety sales index for the 6 months immedi -atcly preceding December in each year. A high degree of correlation (+93.0) wasfound. A straight line was fitted by least squares yielding the following expression:Y = .92x—85.9, where Y equals the special December correction and X equals theaverage level of the unadjusted variety-store sales index of the 6 months precedingDecember.


NEW OR REVISED SERIESTABLE 30.—INDEX OF DOLLAR SALES OF VARIETY CHAIN STORES, 1929-40

[Daily average basis; 1935-39=100]

WITHOUT SEASONAL ADJUSTMENTMonth

1929

JanuaryFebruary. _.MarchAprilMayJuneJulyAugustSeptember-OctoberNovember.December...

Annual index*..

75.787.4

100.396.0

110. 0102.397.498.3

104.0 I113.1 !112.7208.2

108.6

1930

741185.'87.1

102.!99.193.-88.;87. i93.;

103..101.:187.'

1931 1932

100. 4

71.379.985.797.498.39?. 388.681.789.394.194.4

168.9

95.1

67.073.680.478.384.078.571.209. 779.182.482.9

134.6

81.9

1933

62.266.5 !

1934

71.174.0 i

65.679.079.280.175.477.883.688.188.0

155.8

83.6

88.4 !83.691.387.580.881.086.792.694.1

166.2

91.6

1935

76.979.294.187.2 I87.3 |83.180.488.994.796.4

180.8

92.9

1936

6876"74.581.497.098.1

100.298.687.799 2

101.7106.0198.4

100.8

1937

71.382.498.590.299.6102.098.391.8101.2102.8104.1206.3

103.6

1938

727(f79.782.896.592.092.289.286.495.499.5

103.6196.3

1939 1940

9.3 i

74.680.886.298.997.697.192.590.897.5

104.4109.9209.4

103.5

76.183.599,392.1

101.799.5

W I T H SEASONAL A D J U S T M E N T

January „____ ___j 103.1Februa ry . . I 105.8March . I 106.2April _ . . . i 107.M a y .JuneJuly---.—AugustSeptember-OctoberNovember..December..

110.3110.5109.5111.8108.0109.0109.3105. 2

101. 7103. 5104. 3102.9

99.2100.099.399.897.4

100. 398.299.2

97.296.998.6

100.598.898.199.593.192.891.791.691.2

91.489.285.287.684.882.979.979.482.180.780.477.6

84.880.578.279.080.483.784.68S.686.986.885.487.5

97.089.794.193.093.190.790.392.390.191.791.590.8

93.193.394.594.389.690.292.791.6go rj94." 493.797.4

93.693.797.197.2

101.5102.7108.999.9

103.1101.7102.9100.7

97.4103.8104.4101.0103.0105.3108.2104.7105.3103. 5101.3103. 5

99.2LOO. 499.096.895.195.597.798.599.4

100.7L00.7100.6

101.9101.9102.199.9

100.9101.1101.0103.6101.5106.2106.9104.7

104.0105.3105.4103.2105.2104.4

19291930 . . . .19311932 . . . .19331934 . . .19351936 .1937193819391940

Year

Seasonal

January

73.473.373.373.3

i 73.373.373.273.373.273.273.273.2

Adjustment Factors forFebruary

82.682.582. 582.582.582.582.479.579.479.479.379.3

March i

94.584.086.994.483.993.983.883.894.383.784.494.2

April i

89.5100.096.989.499.989.999.899.889.399.799.089.2

Variety

M a y

99.899.899.599.198.598.097.396.796.796.796.796.7

StoreJune

92.693.494.094.795.796.596.897.596.996.596.095. 3

Sales,

July

88.988.989.189.189.289.489.690.590.991.391.691.6

1929-40

August

87.987.887.887.887.887.887.787.887.787.787.687.7

Septem-ber

96.396.396.296.396.296.296.196.296.196.096.096.1

October

103.7103.1102.6102.1101.5100.9100.3100.099 498.898.398.4

Novem-ber103.1103.1103.1103.1103 0102.9102.8103.0102 8102.8102.8102.9

Decem-ber 2

198.0189.2185.1173 4178 2183.0185.6197.01Q9 4195.2200.0

1 Includes Easter adjustment.2 Includes special December correction described in text footnote 4. The basic seasonal factors to which the special correction was applied are as follows in order from 1929

through 1940: 187.7; 187.8; 188.1; 188.2; 188.5; 188.8; 190.2; 191.9; 193.3; 194.2; 195.1; 195.4.

INDEX NUMBERS (1935 -39- IOO)220

60

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940DO. 40- 4/4

Figure 6.—Index of Dollar Sales of Variety Chain Stores.


NEW FEDERAL RESERVE INDEX OF INDUSTRIAL PRODUCTIONThe August issue of the Federal Reserve Bulletin presents a

complete revision of the Board's index of industrial production,designed to provide a broader and more accurate measure ofcurrent changes in the physical volume of industrial output.For all of the industry groups and individual industry serieswhich will hereafter be carried in the SURVEY, there is shown therecord by months from 1936 to date and annual indexes from1923 to date. The new index was not available when the 1940edition of the Supplement to the SURVEY, now ready for distribu-tion, went to press. It is, therefore, set up in this issue in theform used in the Supplement so that it can be filed with thatvolume for reference purposes.

Excerpts from the article by Maxwell R. Conklin, AssociateEconomist of the Division of Research and Statistics of theBoard of Governors of the Federal Reserve System, pointing outthe major differences between the old and the new indexes,follow:

The scope of the new index, as of the old, is limited to the production of manufac-tures and minerals. Neither index covers production of other types of goods andservices. Extensive modifications have been made, however, and the behavior ofthe new index, while broadly similar, is different in some important respects. Theprincipal difference is that the new index shows much more growth in this country'sindustrial output than was shown by the former index. Many new scries weredeveloped to obtain coverage in important industries not previously represented,particularly the machinery, rayon textile, manufactured food, and chemical indus-tries, all of which have grown rapidly in the past two decades. In addition, a num-ber of individual series, such as those on production of lumber and paper, were re-placed by new scries or were extensively revised, and adjustments to census or otherbench-mark data were made where data for individual industries or groups of indus-tries were inaccurate as to general level.

Another important consequence of the revision is that the new index, being broaderin scope and less weighted by primary products, shows less erratic short-termfluctuations.

In making comparisons over longer periods, an important limitation of both theold and the revised indexes arises from the fact that there is no satisfactory methodof allowing for the improvement in the quality of products. In many industries,particularly in those with highly fabricated products, increased quantity of outputhas been accompanied by great improvement in quality.

Methods used in compiling the new index are basically the same as those used inthe former index, with a number of changes called for by the passage of time or adoptedto simplify the procedure. The base period, in which the index numbers average100, was shifted from the period 1923-25 to the most recent complete five-yearperiod, 1935-39.

New seasonal adjustment factors were computed for all series, and allowances forchanges in number of working days were compiled for the new series and revised forold series when necessary.

All revisions were confined to the period from 1923 to date; for the years 1919-22,figures of the old index were chained onto the new series.

The new index and the old index have similar major cyclical movements. Theydiffer principally with respect to long-term growth and to degree of fluctuation insome of the more erratic short-term movements. The similarity shown as to currentgeneral level is due largely to the fact that the old index happened to average 99for the years 1935-39, the base period selected as 100 for the new index. The revisedindex has shown much more growth over an extended period, rising from an averageof 87 in the years 1923-25 to 100 in the new base of 1935-39. In 1937 the new indexaveraged 3 percent above the 1929 level, whereas the old index averaged 8 percentbelow 1929. In June 1940 the new index was 121 percent of the 1935-39 average and,if calculated on a 1923-25 basis, would be 139, as compared with 114 for the old index.

The more rapid growth shown by the new index is due to the addition of data fora number of expanding industries not adequately represented in the old index and toadjustments for growth in some series previously used. The widest difference is inthe index for nondurable manufactures, and reflects principally the inclusion, for thefirst time, of series for such rapidly growing industries as chemicals, rayon textiles,alcoholic beverages, dairy products, and certain other manufactured foods, and theimprovement of data on pulp and paper. The index of durable manufactures,shown in the same chart, was also revised upward, though to a smaller extent, largelyas a result of the inclusion of new series on machinery and furniture and of specialupward adjustments for non-ferrous-metal products and stone, clay, and glass productsto allow for the long-term movements of industries not directly represented in thesegroups. The revised index of minerals differs only slightly from the old mineralsindex.

The major cyclical movements of the two indexes are broadly similar both in timingand in degree of change. Both indexes rose gradually in the 1920's, with pronouncedrecessions in 1921 and 1921 and smaller fluctuations in other years, reached a peak inthe summer of 1929 and then declined, without important interruption, to a low pointin the middle of 1932. This decline was the same for both indexes, amounting to over50 percent. Both indexes rose, with major interruptions, from 1933 to early 1937, but

in that year the new index reached a new high level of 121, compared with a 1929 peakof 114, while the old index remained below its 1929 peak. The 1937-38 recession andthe recovery since were equally pronounced for both indexes.

The new index shows smaller short-term fluctuations and is generally somewhatsmoother in month-to-month changes than the old. The peaks in the summer of1933 and at the end of 1935 and 1939, for example, are less pronounced and the troughsin the autumn months of 1933 and 1934 and the early part of 1935, 1939, and 1940 arealso less marked in the new index than in the old. These differences are due largelyto an increase in the coverage of the more stable nondurable goods industries and tothe inclusion in the new index of new series for the more advanced products of manu-acture, such as machinery and furniture. The old index was largely composed ofbasic products the output of which fluctuates more widely than that for the industryas a whole. Also, for some series, in which shipments or deliveries of materials areused to represent production in later stages of manufacture, a 3-month moving averagehas been used, and in a few cases, such as shipbuilding and production of locomotives,estimates of the current volume of work have been substituted for more highly fluc-tuating series on the number of units completed. Another factor smoothing outmonth-to-month fluctuations in the index has been the revision of seasonal adjust-ments; this has been particularly important in eliminating or reducing the Decemberpeaks, shown in the old index during most recent years.

The extent of the change in composition of the new index as compared with the oldis indicated in the following table, in which the basic individual series in the revisedindex are classified as to whether they are new, materially revised, or substantiallythe same as in the old index.

Series Included in Revised Index of Industrial Production

New series not in old index

Machinery.Aircraft.Railroad cars.Copper deliveries.Lead shipments.Zinc shipments.Furniture.Common brick.Face brick.Glass containers.Rayon deliveries.Manufactured dairy prod-

ucts (4 series).Other manufactured foods.Alcoholic beverages(4 series).Chemicals.Rubber consumption.Gold.

M aterially revised fromseries in old index

Locomotives.Shipbuilding.Copper smelting.Lumber.Silk deliveries.Carpet wool consumption.Apparel wool consump-

tion.Woolen yarn.Worsted yarn.Woolen and worsted cloth.Wheat flour.Cane sugar meltings.Meat packing (4 series).Pulp (4 series).Paper (5 series).Paperboard containers.Copper mining.Lead.

Substantially the same asseries in old index

Pig iron.Steel ingots.Automobiles.Tin deliveries.Cement.Polished plate glass.Cotton consumption.Leather tanning (3 series).Shoes.Tobacco products (3 series).Newsprint.Newsprint consumption.Petroleum refining (4 series)Coke (2 series).Rubber tires.Rubber tubes.Bituminous coal.Anthracite.Crude petroleum.Iron ore shipments.ZincSilver.

All principal groups of industries in manufacturing and in mining are directlyrepresented in the new index at some stage in the production process, whereas in theold index a number of important industries, notably those producing machinery andchemicals, were represented inadequately or not at all. In some cases, the increasedcoverage was obtained by including new production or shipments series that havebecome available in recent years; in others, estimates were made on the basis of hoursof work or other data, with necessary special adjustments.

The pattern of seasonal variation in the new composite unadjusted index is sub-stantially different from that in the old index, chiefly as a result of the inclusion ofnew series, particularly those for manufactured foods. One result, as the followingtable indicates, is that a larger proportion of the year's production is shown in thelatter half of the year and a smaller proportion in the first half.

For series included in both the old and the new indexes the seasonal factors are insome cases considerably different, particularly in recent years. In a number ofseries, for example, seasonal factors formerly used for December were found to be toolow and the higher factors now used contribute toward making the new seasonallyadjusted index for that month lower than the old index in relation to other months inthe autumn and winter.

Seasonal Variation in 1939 in Index of Total Industrial Production i

Month

JanuaryFebruaryMarchAprilMayJune

Newindex

96.298.199.6

100.8101. 3100.0

Old index

98.1100.5102.0102.6102.7100.2

Month

JulyAugust,SeptemberOctober .November....December

Newindex

98.498.8

103.0103.7101.798.3

Old index

96.096.3

100.6102.7100.193.6

'Derived by dividing monthly indexes without seasonal adjustment by corre-sponding seasonally adjusted indexes.

12 SURVEY OF CUEEENT BUSINESS

Table 31.—INDEXES OF INDUSTRIAL PRODUCTION1

[1935-39 average = 100]

August 1940

Month 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940

JanuaryFebruary.. _MarchAprilMayJuneJulyAugustSeptember..OctoberNovember..December. .

Annual index..

JanuaryFebruary...MarchAprilMayJuneJulyAugustSeptember..OctoberNovember-December..

Annual index..

JanuaryFebruary...MarchAprilMayJuneJulyAugustSeptember..OctoberNovember..December..

Annual index..

JanuaryFebruary...MarchAprilMayJuneJulyAugustSeptember..OctoberNovember..December. .

Annual index..

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

Annual index

Without adjustment for seasonal variation

Industrial production, combined index

626670677174727277838582

73

828589919392898989898680

88

838787848177747883858583

82

878990909189899192959590

91

91949695959593981021029892

96

9397100979997939697969187

95

9195979799989710210610710499

99

10310811011311511511211411711410393

110

96100981009995888789868074

91

757981828278757473706763

75

626362595755525460625955

58

565854596979848180746867

69

697579818280737372737174

75

808586848485848790949594

87

919194100103103103106108111114114

103

112115120122125120118120115no9786

113

82828482818185909599102100

88

98991009899102102103116126126124

108

117113112111116

p 121

Manufactures, combined index

808282778078747574716355

74

555554545655545758626256

56

616468707477757376818481

74

818589919190868587868479

86

828688857975717781838382

81

869092919088878892959591

90

92959796959491971001009589

95

919699999896939596959086

95

9196989999989710210610610399

100

10310911311611711711211411611410392

110

951011011029995878688837873

91

7479828382787473 i72 !68 !65 I61 |

7 4 i

616260585754505259605754

57

545651596879848078736765

68

798586868484848790949695

87

919095102105105104107108112115115

104

1131171211251261211191201141089483

113

79 9780 j 9982 I 10080 ! 10080 | 9979 | 102

102105116125126126

9498102

117114112112116

p 121

87 108

Durable manufactures, combined index

l

93 53 95

939810611211311010610410410310095

104

97107110105958781899294 I93 !

100106111110109105103103106114115

93 109

95

109115119120120116112119117117109100

108 ! 114

103112118118118no1051081041039694

107

101110116120119118116122124125118115

117

120130141144147146139140138132114100

133

105116118119116108939289837669

99

717883848273666358545249

68

484946464642363437383736

41

363733435365767266615253

54

728184858180788281909796

898898110115114111110106114122124

120124133140143132131133118 i114968 0 i

71 I

I!71 i67 i70747890

951009899111131136139

128121121119125

M 3 4

84 108 i 122 ! 78 j 108 l

Nondurable manufactures, combined index

60 67

717475757473697073727167

72

697070696765636672747472

69

747676767473747679807977

76

787979787677757985858379

79

818384838384828488868479

83

818484828383828691919086

85

899192939393919499989385

93

878887898684818187848075

84

768081828281808184797570

79

727371676564626776777368

70

697066728190918788837874

79

778183848380788281848283

81

858888868687889197979593

90

92919395969799104110110109109

100

1081111121131131111091091111039385

106

8587898687

100102103101102

94104

.. 104101 | 110107 1 119105 I 120104 | 118101 j 115

95 i 108

109108105105109

v 111

Minerals, combined index

6959576170778277878959Q5

71

767275688088889187939081

83

726763616868656667736659

66

687582454958576382919188

71

9087899110010510810810110610186

98

929285778688888996969287

89

9387828597979910492929283

92

8485908794101103106110114114105

99

10410510390100100961041041049790

100

9391908797979710310711410998

99

1051079398108107111113119118106101

107

989685879798969595978881

93

797777788083837979857975

80

696970676259606368737166

68

667069617478848887827875

76

8276 !8081807882827879

848684768390828389959192

86

94988791969798101106110109105

99

102107112105115115115120121119109104

112

10097949189899398101104104102

97

102102998997103

115112110111118121

10693121 !129 !123 I111 |

106 ;

(Footnote continued on p. 13.)


Table 31.—INDEXES OF INDUSTRIAL PRODUCTION—Continued[1935-39 average=100]

Month

With adjustment for seasonal variation

1919 1920 19211922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940

Industrial production, combined index

January...February..MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember.

JanuaryFebruary..MarchAprilMayJuneJulyAugustSeptember.October...November.December.

JanuaryFebruary,.MarchAprilMayJuneJulyAugustSeptember.October...November.December.

January...February..MarchAprilMayJuneJulyAugustSeptemberOctober_._November.December.

January.__February-MarchAprilMayJuneJulyAugustSeptember.October...November.December.

716866676772767775757475

828281767879767774726662

585755555757565858626161

636669677074747276818486

858689919291908887868685

868886838077757881828487

898989909089919088929495

939495949495959798989797

979799969797959594929293

95959696979899101102104106107

108108109110112114114114113110105100

10010098989693898785838179

787981808078767470686766

656362585654535458606058

585754586878868277736970

727579808079737270717277

838585828284848789939496

95929499101103105107108109113116

1161171201201211191201201151079587

86848482808186909295100101

1021011019797102104104113121124126

736562666971757379815972

807981767982828579858788

Manufactures ,combined index

Durable manufactures, combined index

Nondurable manufactures, combined index

565353576163646466676867

696867666663605856524744

474952545658596060626161

626263616467676969707374

717374757575727171696968

707070696866656769717374

757676767675777776777879

797978787778788082828182

828283838486868584838382

828383828484848686878990

909091929495949494949189

898887888685S38181808079

798081828382828179757473

737372676564636772747371

717066728291948884807878

808183848380808176818286

888988878788899092949596

959294969799100103104105108111

111112113114114113110107104999287

8890908888909599100100103104

104104104103104106106108111115117118

122116112111114

v 121

706866676772767875737675

828280767878757674696258

555553535555555758616160

626366697376777476808385

838587899089888686848483

848685837875737779818386

888989898988908889939697

959494949494949697979595

959596969696969593929192

959695969798100101102104106108

10810811011111311511511411311110599

10010098989693888684828078

787980808077757369666564

646260565553515356585857

565551576778868177736869

707478798078727168707177

838584838283858890939596

94919499102104106108109110114117

1181191201221231201211211151069384

82828279797984899195100101

1011011009898102104107113121124128

123116112110114

898883787282899484808484

9710098879397969997938377

656053505148455050565755

586369788387897983919398

9899103107108108108104105102103102

10310610510091868389919396100

105105106104105105105102105113118119

115114113113114115115116116116113111

110112112111111108107106103101100104

110110110113112115118120122124126131

131130133134136141141140137131121111

113114112110107103959289848077

777779777570676358555554

524845434240363437393939

393732394963767367645457

596671747676636058575765

778080787577798688939597

949095103107110112114115115120125

12712712913213412913513912811494SO

757372696765717781889697

989796939097101105114129133140

135124118113119

v 131

113110106107110112

Minerals, combined index

929397

103101100103102

94

9699

100101102105108109

10610711399

1009995

10097969594

969699

100102105102

108110103108107106109108110107103106

103100949696959391

7965

9598919896979999

100102106108

105109120112112114113115115112109107

103989795909294979898

102102

1031021039296

10510791

114119120114

118114117119118

» 121

(Continued from p. 12)average of the base period 1935-39 as 100. In constructing the seasonally adjusted indexes, the relatives for each series are adjusted for seasonal variations by the ratio to free-hand curve method which is discussed briefly in the Federal Reserve Bulletin for October 1938. The seasonal factors reflect changes from time to time in the seasonal pattern.

In compiling the composite indexes (both adjusted and unadjusted for seasonal variations), for industries, groups of industries, and for industrial production as a whole,the individual series are weighted according to their relative importance as measured by the value added by manufactures shown in the Census of Manufactures and by thevalue of production for minerals shown in the Minerals Yearbook. In order to give representation to manufacturing industries for which no monthly data are available, eachseries used is weighted not only according to its owTn relative importance, but also to some extent for that of the group of industries which it represents in the index. To allowfor shifts in the relative importance of the various industries since 1923, weights derived from data for 1923 and from data for 1937 were used in computing composite indexesfor the period 1923 to 1929 and the period 1929 to date, respectively, composites for 1929 being thus obtained with both 1923 and 1937 weights. Indexes with 1923 weights werethen chained to the indexes with 1937 weights for extending the series back to 1923. For the years 1919 to 1922, figures from the old index on a 1923-25 base were chained to thenew series.

The Federal Reserve Bulletin for August 1940 contains a more complete description of the index, together with monthly indexes for each of the 81 series and for industrygroups and subgroups, beginning with 1923 where available. Extracts from an article on the new indexes that appears in this bulletin are presented on p. 11 of this issue ofthis Survej7.



Year and Month


Durable manufactures]

Lumber andproducts

Stone, clay, and glassproducts

C

P12914015115416116516015111772597372

§•*re «

|Ssia2422452712692572412091418938353861

Transportation equipment

£ l^-z

Nondurable manufactures

Leatherand

products

P

Manufac-tured foodproducts

1923 annual index.1924 annual index.1925 annual index _1926 annual index.1927 annual index.1928 annual index.1929 annual index .1930 annual index .1931 annual index.1932 annual index.1933 annual index.1934 annual index.1935>nnual index-

JanuaryFebruary._MarchAprilMayJune-------JulyAugustSeptember.OctoberNovember..December..

1936

Annual index..

JanuaryFebruary..MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December..

1937

Annual index..

JanuaryFebruary. . .MarchAprilMayJuneJulyAugustSeptember..OctoberNovember,.December..

1938

Annual index..

January. _.February..MarchAprilMayJune .

1939

Annual index..1940

9097

115118117 i

— i62 I64 |72757167597380 !86

110 I94 i106 I10989 I1081349162

69 ;95 !

10593111112881131398762

„_ 3635 I 5042 | 7150 102

32

106109

115 I 111122 ! 117122 ! 119128 I 121132130

114

949697918292

July.August—. 108September 125October.. 159November 161December 159

114

110 I106

105

84 878597103113115116118118 10611610094

113

108 ! 105 ! 105

9493 I95 !

10099101110116121121

104

71768883889095108112106

90 I 7787 ! 73

95 103 j 91

90 I 87 !

93 i 8691

82 80I

919194100105 .106107114117121120111

125 119 117"n" l 116 123

105 I 127123

106 | 107

January.. ..- 144February.. ______ _ 121March | 113

98 I 109 93

106 104

959496969596

j 97108128147157156

114

123101 i 113 96 | 123

' i i~\T ! n o in,_ 1 o_?

Apr i l .M a y .J u n e .

106123151

107 I 113 i 104109 I 108 j 109 126114 j 108 ! 117 I 126116 pllO I 119 1*129 1*129 *128

7397117118116128127126117

11812412512412012211712412211910092

117

86921071201301321341301241099173

111

119125130133133134129132129128115104

126

12412813814213913412312212311910586

124

140135129128 128

4041599812313012713914113812599

103 i 105

90 I83 !

75

134153150139126130117

I 118 I 103j 103 i 92! 114 j 119! 138 ! 1411 142 i 137| 116 I 130I 117 122! 133 ! 89i 145 | 54142 | 75

108 i 101103 i 52 142

5963677280838379

1109512715114513612786

98 I 119

104108104116129128127134120112

111

82 | 4386 I 6890 i 131101 | 150

!79 j 116

49 122156 ! 122154170156150 147119 j 13613813311510169

113 114 I 127

! 101! 108j 116i 119118

i 119i 100i 109I 96104104101

12612414216117115013811954 |10411394

546273809299107108113119123137

97

125 | 108 ! 125 ! 184

402228303146445771100104 i 11198 j 117

100103104102101969592929699108

66 13863 135

120

55 70 ! 99 I 65 ! 78

94 10685 I 103

' 1075862725078110142127149

114 128 i 110 99 164 93

i

60 ! 5071

70 j 104109117

114 i 115 I 103 | 116

129 | 136 251106 ! 138 251

130

140 j 131143 .

142 ! 263 134139 ! 267130 ! 286

!P322

7985100113114120114126116131125128

113

157

71

7oQfi»o

1037358465868

~~74~89

82

100109117126134117 i 98121 | 105107 ! 103107 | 108103 108

97 i 109

I99

110 j118122 |127 !115108113105105

111 108

105 83100 ! 88102 I 98

112

98 ! 96

150 i 102

131127

75 I 12675 13299 i 140112 | 138132 146

102 133103 151

158141137

127

108111116118114112109112117116110102

112

94

94959185789210510510192

| 96

I 93

111 99111 ! 106113114113 85

'87

95

82 74

9610410096918498122123 | 122

149104 j 146115 S 128

10684

657282102138162155140106786765

103

108

1149696

102

11712512611611299105111102876458

102

77961031019277971161151059090

96

103113118104949310812111610797Q1

11210397

98

91939496991031171211241119892

103

908888909510211211612511010299

101

94919496104109114127135117109in?

123121110112113116115109111108119122

1128891939610010198104115132131

105

116969493848576769099106114

94

129101909097969791102107120123

103

123

10099

146 I 110

105 108

100

101108

161151140113857573

107

768598115153174

10610797110113131148

112

146124116111117123

p Preliminary*



15

With adjustment for seasonal variation

Year and Month

1923 annual index..1924 annual index.1925 annual index.1926 annual index.1927 annual index.1928 annual index.1929 annual index.1930 annual index.1931 annual index.1932 annual index.1933 annual index.1934 annual index.1935 annual index.

JanuaryFebruary--.MarchAprilMayJuneJulyAugustSeptember..OctoberNovember. _December...

1936

Annual index.

JanuaryFebruary...MarchAprilMayJuneJulyAugustSeptember.OctoberNovember..December..

1937

Annual index..

JanuaryFebruary-_MarchAprilMayJuneJulyAugustSeptember.OctoberNovember..December..

1938

Annual index.

1939

Durable manufactures

January 96February 93March 91AprilMay 79June 94July . 103August . 111September . 128October 161November | 161December 167

8791

107113119122126124129133

Lumber andproducts

f2

99959799103105108109110113111

137 114

114 105

Annual index _

January . . .February..

1940147US

March j 106

114

April.May 118 | 112

99

90

111110

117

87

100

105

111

115114110109110

Stone, clay, and glassproducts

f

June --.! 154 'pill bll4 110 |*>128

127 154123123 I 132123124

87.91

101105106110110

103

114

82

92 I 99

107120121111101108113112114120121131

114 114

123 125113 106

n

Transportation equipment

£

242 ...._ 53245 _____! 54271 I I 70

114

135101 I 112 9151 121 101

119

90

111 79

96106108109

118124116112

112 i 137105 I 13196 I 11591 | 11680 pJ21 1*316

251

128 110 I 92 99 164

119 116 | 122 I 137 I 256

263267281

116 113

Nondurable manufactures

857475859375981037358

109

74

111 108

104 i 100

130133136

101959798

123 ! 99126 101

979696

138 | 106122 I 142 ! 98136 ! 144 | 95

88 j 127 i 98

Leatherand

products

100100100102102103104100

95

103

87

96 93

106 I 103105108

112 105

1009690919396101108110112111114

102

102

Manufac-tured foodproducts

i13

89

96 101

156158149125121

Pill

149150156156164

P171

989698103100

*101

113111109111114

P118

10198938587*95

10199948586

* 100

103

102

104 104 105 | 108I

76

102

107

107

123121110112113116115109111108119122

921009896103107111107113118114

105

1011011039884878085939895100

11110599969798102105108106107106

106 I 103

106103110105110109114113118113116126

112

124129128117117126

0 Preliminary.

16 SURVEY OF CURRENT BUSINESS


August 1940

Year and Month

JanuaryFebruary, _.MarchAprilMayJuneJulyAugustSeptember.OctoberNovember.December..

1936

Annual index..

JanuaryFebruary. _MarchAprilMayJuneJulyAugustSeptember.OctoberNovember..December..

1937

Annual index..

JanuaryFebruary. .MarchAprilMayJuneJulyAugustSeptember .OctoberNovember.Db

Annual index..

JanuaryFebruary. _MarchAprilMayJuneJulyAugustSeptember-OctoberNovember.December...

1939

Annual index..

January.._February..MarchAprilMayJune

1940

1923 annual index.1924 annual index.1925 annual index.1926 annual index.1927 annual index.1928 annual index.1929 annual index.1930 annual index.1931 annual index.1932 annual index.1933 annual index.1934 annual index.1935 annual index.


Nondurable manufactures—Continued Minerals

Paper andproducts

©

85

93969695101107108107109

111116117120118113109110

75

107

83909189888896101105109104100

95

102107109108104104104111125136133128

120116114119126

22

Petroleum andcoal products

Textiles and products

80

87909094969794100105107108110

1131181171211191141101111081008475

83919289888795101104108104ioi

85

103108 I109 !108 I104 :103 !ioi !109121132131128

7479849293961049788747580

919299103100968991100107113111

108112113119119114104104110109100

109

9497100999490879098105104100

971031041061031009098111122119120

•d

©

56596976788796898069747985

8

~~~971131261171241401148052667684

£

rol

tin!

46536268728190858072757986

9092899496969699101102102104

97

103105104106108108110111115114109103

108

101999698979497100103105X06103

100

94103108110107112115120123128

110

1291321341331331231311341351199883

124

104 |103103105103108107111114

121118

113 106 110 ! 105

122118114120127

106109111113118

116115114115115

138125120118122131

112113113114113

8 ! = c

mb

in

e d

ind

ex

©

Fuels

thra

cite

a

um

ino

us

coal

ide

pet

ro-

leu

m

1119597929492976876

848385889092969387

9486879597951039182

90

7280 I 9783 11289 ; 102

1211697011312198

92105112113

Metals

119128949488889699116125141137

110

12713714880929595101121122115111

898891949594939695969598

94

99104107109112110111116114112108107

6163656710612112913314114411376

102

73768010716716817718916314610278

8586yu9882887986118121125116

8991fiQbu92921001039597949797

98

121134135136141150144152141139122108

109 ! 127 135

95

108108125118113130118117128128128123

120

1071061071079998104107102102102103

104 I

737368707781969910310998

103 I104 !107 :110 i111 ;109 j112 !81

78807081101117

132

80 94

122117116114117115

1201151019799

^99

12412313 4110109107

147140131126125130

172 10765 10266 I 7760 ! 7355 1 8551 I * 87

988897105312124

120116114113113

p 113

m86868990

v 104

132121104101103

v 100

112 160115 i 177116 I 141116 j 93

108 ! 113

114 ! 89117 ! 89121 I 87121 ! 95119 | 149119 I* 167

98103104108105101101107109109

103

9397123125128121114112120122118119

116

99 !95 !

89 188 !78 j69 !5273;86108 i122 ;122 ;

104 !103 |106 !10093 186 !76 j79 i8685 i

109109 I

1131061019187747075778597105

90

111 ino ;99 '102 ;97100 i91 ;

116 |

144 !142 !144 |150 1141 j139 !

114 (

106 i96 !96 j102 1101 ;95 i106111 |109 i116 !u s i

106

114116 1115 !119 i122 !1 1 6 i

10310210510398959295101116128134

1C6

133135134131123us

> Preliminary.


Table 31.—INDEXES OF INDUSTRIAL PRODUCTION—Continued[1935-39 average = 100]

Year and M o n t h

With a d j u s t m e n t for seasonal variation

1923 annual index.1924 annual index.1925 annual index.1926 annual index.1927 annual index.1928 annual index.1929 annual index.1930 annual index.1931 annual index.1932 annual index.1933 annual index,1934 annual index_1935 annual index.

Nondurable manufactures—Continued

Petroleum andcoal products Textiles and products

8690929396

100101101107109

98 ! 112100 ! 112

15368

106110 i 103107 102

101 i 99105 ! 109 124107 i 106 124

118 j 121123 120120 123116 I 124117 I 125113 1 123106 | 11199 105102 ! 9693 ! 85

10310510210210199

97 | 10598 | 10488 ! 105

105101100

AugustSeptemberOctober _ .NovemberDecember

JanuaryFebruary.MarchAprilMayJuneJuly.AugustSeptemberOctoberNovember. .December

90

113108979898102103

1141069895104102102108107111109112

10T100100s

100989698100104116127130

106

147140141141143112

114 j116 !117 1J]s |

121 !

13013312712712312(

Preliminary.

248327—40 3


Table 32.—WHOLESALE PRICES, CHEMICALS AND ALLIED PRODUCTS l

[1926 = 100]

Year M o n t h 1933 1934 1935 1936 1937 193S 1939

C o m b i n e d index

1926 ._192719281929. . .1930 ----1931 ____—.1932..-.-. —

100.096.195.094.088.779.373.9

January .February __M a r c h . . ____.—A p r i l - . . . — ----- -May -June .. _--_ -July . ----- -August . .September. . ___________ _____October. ,__„___- _________NovemberDecember _ _

Annual index..

0 !

72.1

74.775.675.775.474.674.674.474.975.476.0

i 75.9} 76.4

75.3

77.878.779.479.379.679.177.678.578.979.879.779.1

79.0

79.078.777.977.476.576.577.778.179.580.180.782.8

78.7

84.785.385.285.083.182.583.081.780.980.679.779.1

82.6

79.1 ;78.7 I78.2 !77.2 i76.4 :76.076.976.776.576.476.176.1

77.0

76.175.876.075.675.675.274.574.276.677.677.477.7

76.0

1940

77.777.577.076.876.776.1

Chemicals

1926..1927.1928.1929-.1930.1931_1932.

1926-1927..1928-1929..1930.1931-1932..

1926..1927..1928-1929..1930..1931-1932..

100.099.5

96.990.2

JanuaryFebruary._March.....AprilMayJune..JulyAugustSeptember.OctoberNovember.December..

Annual index..

100.086.067.866.863.859.:55.0

January...February.March....April......MayJuneJuly,AugustSeptember.OctoberNovember.December..

87.487.286.686.686.886.986.286.386.486.587.287.5

86.8

87.487.387.386.987.086.986.086.286.386.686.786.9

86.8

87.187.287.387.787.988.088.189.990.090.090.189.8

88.6

89.489.388.788.588.187.987.787.087.187.287.087.5

87.9

87.788.288.388.788.488.789.588.087.987.787.487.4

87.4 ;

87.3 ;87.1 I86.8 j86.4 |86.2 !86.4 i86.1 i86.1 j85.7 !85.6 I85.4 !

86.4 i

Drugs and Pharmaceuticals

Annual index.—

53.353.353.252.953.253.454.955.654.555.456.058.0

54.6

66.074.274.775.075.475.875.975.775.676.176.076.1

74.8

76.176.276.277.377.877.877.777.777.978.678.878.7

77.6

78.678.478.378.678.578.478.278.581.383.084.884.6

80.1

86.792.192.091.886.985.285.385.285.385.383.480.4

86.6

79.3 i79.2 !79.0 j79.077.676.480.1 !80.280.280.278.378.2

79.0 I

Fertilizer materials

100.098.4

100.195.687.876.663.7

JanuaryFebruary...March.. . . .April

MayJune.JulyAugustSeptember.OctobNovember.December..

Annual index.,

58.958.459.060.162.964.566.666.463.464.165.065.5

62.9

67.067.968.167.260.161.463.063.664.264.464.264.7

64.6

65.164.764.364.263.863.262.062.962.863.964.161.1

63.5

60.960.961.561.761.661.463.064.865.165.566.267.4

63.3

68.869.169.069.969.368.569.669.468.169.169.068.8

69.0

69.269.569.168.366.366.265.465.565.466.266.567.3

67.0

85.184.984.884.684.484.2

77.977.877.777.477.477.477.277.178.479.779.780.3

78.2

68.267.768.068.168.466.565.365.567.268.669.870.9

67.9

85.385.385.185.085.185.1

83.884.585 285.285 3

84.7

81.381.381.481.882.082.2

71.371.070.670.770.867.4

1 Revised series. Data are compiled by the U. S. Department of Labor, Bureau of Labor Statstics.Among the more important phases of the revision were more detailed descriptions of the items included in the index, enlargement of the commodity coverage, reallocation

of weighting factors, elimination of unimportant or irrelevant items, changes in certain individual price series to more representative grades of products or types of sale, andtransfer of some items to groups under which they more logically belong.

The revised index numbers have been computed by years from 1926 through 1939 and by months from January 1933 to date. Whenever possible, each individual price serieswas projected back to January 1926. In some instances this could be done only by substituting one price series for another, while in others, individual series were incorporatedin the index at a later period. It was necessary to exclude some important items because satisfactory price data were not available.

The March 1940 issue of "Average Wholesale Prices and Index Numbers of Individual Commodities," published by the Bureau of Labor Statistics, lists the itemsincluded, with specifications for each. The historical record for the "mixed fertilizers" and "oils and fats" subgroups, not shown separately in the Survey, is also given.


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 June 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

1940

June

1939

June July August Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April May

BUSINESS INDEXES

INCOME PAYMENTS!

Adjusted index _ 1929=100..Total ...mil. of doL.

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

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

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

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

royalties ...mil. of dol..Total nonagricultural income doAdjusted index of nonagricultural in-

come 1929=100..

INDUSTRIAL PRODUCTION §(Federal Reserve)

Combined index, unadjusted 1923-25=100..Manufactures, unadjusted do

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

Nondurable goods* ...doLeather and products.. .doPetroleum refiningt doRubber tires and tubesf doSlaughtering and meat packing doTextiles .doTobacco manufactures do

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

Combined index, adjusted doManufactures, adjusted do

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

Nondurable goods* ..doLeather and products doPetroleum refiningf doRubber tires and tubesf doSlaughtering and meat packing doTextiles. doTobacco manufactures do

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

P 6, 202

v 86.8v 3,823v 1,400*>910»841i>546P126

P 161P 1,022

* 1,109P 5, 749

*>90.0

p 119109102123145

»108

112

84.15,918

82.83,6651,28187481553016585

145920

1,1035,453

85.4

978591981128910810521511486105186105••52631327117310587989782817912489110110215114871111701045971677017010790

83.75,695

82.83,5161,27186881042214585

136849

1,1095,222

85.5

9795846610078941061142111138410317110744681506517859841011008987828710111011521211389111158106537574681747091

85.45,400

84.03,5601,31887181342313587

145451

1,1574,887

86.7

99

2898121104111131217122801121809653761596812978871031059389761211061151182181229212016891537778711277993

6,010

84.53,6921,35789282150711587

135805

1,2915,364

87.0

1121101005998165121119121221125911211811237290187671799893111111103857816512211810522112510012116411471849771174104

88.06,195

86.63,8581,434922835539128

128783

1,3385,510

88.8

12412312393992221531221202331259712917913274104218721839010612112112378872221581191092321259912516612158941287018191110

88.55,804

87.33,8341,42191183953113287

129

1,2585,217

1241231261089019115512211022911811113117512762102

'129861859811712412413090911911681181152281181001261721246091

'1548318791117

9.5

87.73,8781,41394285153413887

1321,514

1,2776,306

89.9

12012112914275232153114103222110118117151113588807918410612312813014112796232174120121221110991231861205983078189105121

89.56,067

87.23,7231,33789283751913894

143855

1,2525,518

11711611712849200138116111214114119119158120811010881819012111911812312880200144114120214114100114167125759108718989114

88.45,567

86.03,6911,32487383152014395

148455

1,1785,081

110110104127431651171141182171171021141551155492081186111124109108104127711651121111162171171001081701205187078190103116

87.15,938

85.63,7331,33489682952315194

150827

1,1345,486

88.4

106105102128631721091081092171189410115211255790831921061221041019411087164971071062171189998160121667908219498115

86.75,913

85.13,7281,33688882753014792

146

1,1395,444

87.7

1041039912882149102106992191189298166111567706019211712010298901058413692106101219118103951811235492060192116115

'87.2r 5,651

'85.9' 3,794' 1,374

905835538142

161'482

1,125' 5,184

S.7

109107107

'116100136119108'95218125979917812057791667018910811210610398

'9685130109108

' 10321912510098176121579111072187111111

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

income payments beginning 1929, see table 41, pp. 15 and 16 of the October 1939 issue.§ Indexes have recently been revised in their entirety: see article on p. 11, and table 31, pp. 12-17. In the next issue of the Survey the revised series will be substituted

for the series here shown.


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

1940

June

1939


berDecem-

ber

1940

Janu-ary

Febru-ary March April M a y

AGEICULTURAL MARKETING

Quantities marketed:Combined index 1923-25

Animal products _ .Dairy products - .LivestockPoultry and eggs . -Wool .

Crops . . . .Cotton - - - - ---FruitsGrains - - -Vegetables

Cash income from farm marketings-.tCrops and livestock, combined index:

Unadjusted 1924-29Adjusted - -

Crops .Livestock and Droducts

Dairy productsM eat animalsPoultry and eggs

WORLD STOCKS

Combined index (quantity)f . 1923-25Cotton adjustedRubber adjustedf _ _ __Silk adjusted

TPA adiustedTin unad lusted.

.s

= 100..do . .

do . . .

dod o . . . .d o . . . .d o . . . .

do . .

= 100 .d o . . . .do . .dodo..

do

do. .1".do. . . .do.—do .do . . .do . . . .do .

BUSINESS 1

« 7494

13569

1 8315

( a )

5957

114

p Q2 5v 69. 5P 60. 0v 77.5v 82,0p 78. 5v 64.0

0)

130

134

8293

14562

114387

712681

101112

59.563.550.575.575.578.565.0

18922322288

185105115186

9488

1336691

3861014678

18449

67.563.051.574.077.075.066.5

0)24522398

194108115

INDEXES—Continued

8584

1227079

266877580

11641

75.566.558.574.082.071.064.5

0)241211101

102

12082

1007875

144159251

7912072

93.073.564.582.084.084.567.0

0)

210107

110

1258790907590

163278959482

107.076.568.583.589.087.066.5

0)218105

153

104908081

12642

119200

756866

90.076.566.086.591.087.073.5

(0212105

139

88878075

1323590

133745961

79.079.074.084.091.582.070.5

(0200120

123

7885958587317194784279

69.079.072.585 095.084.565.5

0)234101

123

6671906777256067624872

60.584.081.086 594.082.080.0

0)231102

117

74809666

113406866646394

60.076.072.579 089 575.070.0

0)'•239

111

114

7489

10871

136615939787376

62.581.577.08.5 589 588.070.5

0)256112

115

7898

11872

150190

5829

r7076

101

' 6 6 . 0r80.0^ 73. 5r 85 5r 84 5r 90.5

70.5

C1)

261126

127

COMMODITY PRICES

COST OF LIVING

(National Industrial Conference Board)

Combined index . 1923=100.Clothing. . . . do . . .Food - do. . .Fuel and light do. . .Housing .do. . .Sundries do. . .PRICES RECEIVED BY FARMERS§

(17. S. Department of Agriculture)Combined index. 1909-14=100.

Chickens and eggs do. . .Cotton and cottonseed.. do—Dairy products __do...Fruits . . do . . .Grains . . . . do . . .Meat animals _ _ do. . .Truck crops.. do. . .Miscellaneous do. . .

86.473.181.784.286.897.0

818110410483102134100

98.3

92.9

97.089.192.094.586.0

77.5

80.570.777.966.264.464.770.372.273.970.7

82.292.490.290.696.0

84.772.077.983.486.096.6

898373949373

10710581

75.185.293.6

89.1

95.988.488.990.684.0

75.6

79.667.774.162.458.269.467.660.062.575.7

80.289.591.191.590.7

84.971.978.183.886.396.9

898973968066

1079989

94.3

89.3

95.988.488.990.684.1

75.4

79.267.874.462.652.369.767.564.662.075.3

80.289.790.691.591.8

84.571.976.784.086.396.9

889071

1007064

10199

100

93.5

89.5

96.088.489.090.784.1

75.0

79.166.574.561.051.566.067.267.958.573.7

80.189.690.591.391.8

RETAIL PRICESU.S. Department of Labor indexes:

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

Foodt 1935-39=100.Fairchild's index:

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

Infants' ^ do. . .Men's do. . .Women's do. . .

Home furnishings doPiece goods. do. . .

WHOLESALE PRICESU. S. Department of Labor indexes:

Combined index (813quotations)..1926= 100.Economic classes:

Finished products do..Raw materials .do..Semimanufactures do..

Farm products do..Grains do..Livestock and poultry do..

Foods do.Dairy products do. _Fruits and vegetables -..doMeats do

Commodities other than farm products andfoods _1926=100..

Building materials do.Brick and tile doCement t— do.Lumber do.

r Revised. # v Preliminary. i Temporarily discontinued; for several of the series, European stocks have not been available since the outbreak of war."Series used m computing the index of cotton marketings has been discontinued by reporting source: estimated figure for cotton used in computing combinedtRevised series Cash income from farm marketings revised; data not shown on page 20 of the March 1940 Survev will appear in a subsequent issue Combined

of world stocks revised beginning January 1920; see table 5, p. 17, of the January 1939 Survey. For subsequent 1938 revisions!* the combined[world! stocks ind?x andrubber component, see p. 20 of the June 1939 issue. Cement price index revised beginning 1926, see table 23, p. 18. of the April 1940 issue- the building-materials £the combined index of all commodities have not been revised, as the effect of the change in cement prices on these indexes is small The food index represents a revision ofthe index formerly compiled on a 1923-25 base and is computed with the use of new weights derived from the 1934-36 study of family expenditures of^Jage earners and lower-salaried workers made by the Bureau of Labor Statistics; earlier data will appear in a subsequent issue of the Survey cApeuuimit* m wdge earners ana IOM er

§ Data for July 15,1940: Total 95, chickens and eggs 88, cotton and cottonseed 80, dairy products 105, fruits 89, grains 78*, meat animals 110, truck crops 98, miscellaneous 98.

85.972.280.784.486.597.0

9810276

1077383

11711798

75.786.998.4

90.2

96.188.689.591.784.3

79.1

81.972.681.868.765.176.375.174.562.881.0

82.190.991.091.393.7

85.872.680.185.286.696.8

9710874

1127377

11212894

97.6

91.2

96.388.790.492.784.7

79.4

82.372.383.167.161.670.573.378.960.274.9

83.892.891.591.398.0

85.772.979.685.686.796.8

9711775

1176679

10712398

96.7

91.9

96.488.790.993.585.0

79.2

82.072.482.167.364.166.172.380.161.271.2

84.093.091.691.398.3

85.372.978.585.686.696.8

969782

1186587

10196

104

77.189.294.9

92.0

96.488.791.093.585.3

79.2

81.773.382.067.671.663.871.981.363.069.1

83.993.091.691.397.8

85.473.078.885.886.696.9

999185

1196690

103117113

94.8

92.3

96.688.891.493.785.5

79.4

81.773.881.769.173.567.271.781.960.369.9

83.993.491.691.497.6

85.873.279.886.086.696.9

1019885

1187691

101168107

96.6

92.6

96.688.891.894.185.9

78.7

81.472.779.968.772.865.671.180.058.768.4

83.293.291.291.497.6

85.573.278.885.886.696.9

978385

1147392

102128101

81.089 095.6

92.8

96.988.991.994.486.0

78.4

81.172.079.767.973.467.170.278.658.769.2

82.993.390.491.297.8

85.973.279.985.486.797.0

988285

1108196

104145100

96.2

92.8

96.988.991.794.386.0

78.6

81.273.078.269.477.268.471.677.465.771.1

82.592.590.290.396.1

86.073.180.684.186. 797.0

988483

1068892

108133"101

97.0

92.8

96.988.991.894.686.0

78.4

81.372.078.367.9

-71.269. 671.472.869.273.8

82.592.590 290.596.6


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

1940

June

1939


berDecem-

ber

1940

Janu-ary


COMMODITY PRICES—Continued

WHOLESALE PRICES-Continued

U. S. Department of Labor indexes—Contd.Commodities other than farm products and

foods—Continued.Chemicals and allied productst_.1926=100__

Chemicalsf . d oDrugs and pharmaceuticalst do __Fertilizer materials! do

Fuel and lighting materials do .Electricity doGas . doPetroleum products do . . . .

Hides and leather products .doShoes. _ . 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 doHosiery and underwear doSilk and rayon. doWoolen and worsted goods do

Miscellaneous . . . . doAutomobile tires and tubes do . . .Paper and pulp.. _ do

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

Cotton . . . doRubber doSilk. doSugar t doTea . . . . . doTin . doWheat do

Wholesale prices, actual. (See under respectivecommodities.)

PURCHASING POWER OF THEDOLLAR

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

76.185.182.267.471.4

84.450.099.2

107.981.992.488.581.794.994.794.381.2

80.572 685.368.461.6

(2)83.777.358.291 7

0)39.352 038.132.9

104.5

129.9

154.8117.6

75.284.277.466.573.077.888.952.592.3

101.375.383.885.681.090.093.295.272,9

79.367.381.764.160.139.175.673.860.579.9

41.036.438.335.437.468.897.240.8

133.2131.1165.3120.0

74.583.977.265.372.878.189.052.292.5

100.876.984.185.681.090.093.295.173.3

79.367.681.265.160.240.275.473.460.579.9

39.635.738.737.037.767.596.534.3

133.5130.7165.3119.8

74.283.877.165.572.675.886.751.792.7

100.877.284.085.681.190.093.295.174.6

79.367.881.565.561.539.575.573.360.580.0

38.034.639.036.932.774.397.032.4

134.2133.2166.9120.3

76.684.578.467.272.877.587.253.398.5

101.897.492,086.681.391.794.895.584.7

79.371.781.770.462.843.484.076.660.581.8

34.249.741.859.7

126.3

127.3126.6149.9118.3

77.685.279.768.673.975.484.454.0

104.6105.7112.497.887.881.793.795.896.085.3

79.375.583.274.363.546.291.377.660.586.3

0)34.246.645.749.4

109.9

126.8127.6151.5118.5

77.485.279.769.874.176.582.253.9

104.0107.2104.397.888.482.394.296.096.085.1

79.376.483.874.864.847.790.577.055.688.0

36.047.347.440.8

103.9

127.2128.4151.5118.6

77.785.380.370.972.877.780.452.5

103.7107.5105.295.288.582.494.496.096.184.6

79.378.084.275.266.055.090.377.455.689.0

0)40.446.954.843.4

100.7

127.2130.0153.1119.2

77.785.381.371.372.777.678.651.7

103.6107.8102 696.087.981.494.095.896.382.6

79.377 984.575.468.4(>)90.477.755.689.8

0)40.844.651.542.4

92.9

126.8129.7148.6119.0

77.585.381.371.072.478.281.650.9

102.4108.297.094.288.081.594.295.396.379.2

79.175.484.973.664.5

87.277.355.689.5

0)40.844.142.843.6

91.4

128.0128.0145.6118.5

77.085.181.470.672.277.180.450.4

101.8108.494.393.588.081.594.295.596.479.7

81.074 085.171.862.2

(2)84.576.955.689.0

0)40.143.541.243.7

93.7

128.5129.7151.5118.9

76.885.081.870. 771.876.082.050.4

101.8108.294 893 288.481 994.594.594 379.2

80.972 984 770 261.7

(2)83.877 758.089 5

0)40.144 937 542.6

93 1

128.1127.9149.9118.3

76.785.182.070.871.7

84.450.7

101.3107.992.293.688.581.994.894.594.280.3

80.672 985 069 461.3

(2)83.4

58.090 7

0)37.549 739 040.1

102.4

128.5

149.9118.2

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 .doPrivate 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. ft..Valuation 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:tTotal 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.

p 79P 7 4P 6 8P 6 7

26, 679324, 726147,316177,410

4,07818,02891,995

20, 58433, 537

135, 274

22823,024

1,78974,433

71,510176,849

21,34192, 365

12, 31750, 591

37,85233, 893

73646358

21,701288,316127, 595160,721

4,05215,41892,845

15,94227,502

111,896

2349,968

1,47373,607

71,040202,429

19, 22499,775

12, 08570,974

39,73131,680

73636762

21,806299,883136, 543163,340

3,82317, 69188,501

16,28727,181

109,330

25423, 092

1,44278,960

64,537185,019

17,88496,114

11,21459,794

35,43929,111

76667367

23,270312,328158,459153,869

3,453* 12, 270

69,882

18,003' 31,166127,163

32820,113

1,48695,170

73,318197,937

19,697116,260

13,03749,096

40, 58432.580

73687368

22,984323, 227144,216179,011

3,65016, 49082,466

17,589»• 32, 978129,680

35639,663

1,38971,418

67,618179,605

16,81887,308

13,05363,702

37, 74728.595

72667668

22,402261,79691,604

170,192

3,749' 15,495

72,684

17,136r 29,372118,303

29420,450

1,22350,359

73,921173,649

19,57191,921

14, 52152, 745

39,82928,983

74598361

22,323299,847143,647156, 200

3,242r 15, 420

77, 769

17,756r 31,008116, 588

35023,906

97581,584

60,353169, 488

17,539100,387

11,91546,123

30,89922,978

69518660

18,831354,098225,095129, 003

2,71111,67557, 757

14,899r 22, 585

88,681

33026, 977

891180,683

44, 016152, 727

15,08395,677

7,96038,004

20.97319,045

61447553

13,517196,19192, 532

103, 659

2,4539,109

52, 532

10,13219,08277, 400

20218,398

73047, 861

35, 538114, 211

10,85060, 515

5,26733,925

19, 42119, 771

54506356

15,595200,57481,666

118,908

2,85212,35670,565

11,80719,10774,858

17412, 222

76242,929

37,664130,844

11,41966,991

5,69037, 730

20,55526,123

63606257

23,920272,17894, 971

177, 207

3,64514,44473, 735

19,05331,078

121, 708

21417,830

1,00858,905

60,409165, 558

20, 78796, 209

9,43343,888

30,18925, 460

73736462

26,101300, 504103, 450197,054

3,81516,61088,821

20, 59433, 459

135, 420

18013, 382

1,51262, 881

81,488197, 641

25, 079117,212

14,36549,113

42,04431,315

78' 7 5r 64

64

29, 201328, 914111,578217, 336

4,34616,97190,164

22,93936, 312

145,912

18311, 577

1, 73381, 261

83, 562199, 972

24, 789119,364

14, 26550, 230

44, 50830, 378

r Revised. *> Preliminary. J Temporarily discontinued; for several of the series, data have not been available since the outbreak of war.3 Separate data through March 1940 for "silk" and for "rayon" appear in table 29, p 18, of May 1940 issue; these will be substituted in this table in a near future issue.

April indexes—silk, 45.4; rayon, 29.5: May—silk, 47.0; rayon, 29.5; June—silk, 46.1, rayon, 29.5.tRevised series. Data on world prices revised beginning 1920; see table 4, p. 17, of the January 1939 issue. For construction contract awards, see note marked with a

" t " on p. 21 of the July 1939 issue. The data on building permits are based on reports from 1,790 identical cities having populations of 2,500 or more, and supersede those shownin the Survey through the issue of May 1939 which were for 1,728 cities in the same size group. The present series include data for 62 additional cities but the total estimatedcost of permits issued was increased by only 0.2 percent in 1937. Chemicals revised beginning 1926, and the group title changed from "chemicals and drugs"; see table 32, p.18 of this issue; the newseries were incorporated in the all-commodity index beginning January 1940.



1940

June

1939

June July August Septem-ber October Novem-

berDecem-

ber

1940

Janu-ary


CONSTRUCTION AND REAL ESTATE—Continued

CONTRACT AWARDS, PERMITS, ANDDWELLING UNITS PROVIDED—Con.

Estimated number of new dwelling units pro-vided in all urban areas.'t

Total . number..1-family dwellings ...do2-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 alleys c? do

Status of highway and grade crossing projectsadministered by the Federal Works Agency,of Public Roads Administration:

Highways:Approved for construction:

Mileage . . _no. of miles..Federal funds thous. of doL.

Under construction:Mileage no. of miles..Federal funds .thous. of dol..Estimated cost- do

Grade crossings:Approved for construction:

Federal funds, .doEstimated cost. do

Under construction:Federal funds doEstimated cost __ do

CONSTRUCTION COST INDEXES

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

Average, 30 cities... ...1913=100.Atlanta. „ d o . . .New York do . . .San Francisco. do . . .St. Louis d o . . .

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., 1926-29-100.New York do__.San Francisco . do . . .St. Louis do . . .

Commercial and factory buildings:Brick and concrete:

Atlanta do . . .New York. . . _ do__.San Francisco. _ do._.St. Louis do . . .

Brick and steel:Atlanta d o . . .New York do.,_San Francisco. . do . . .St. Louis . do . . .

Residences:Brick:

Atlanta d o . . .New York. do . . .San Francisco d o . . .St. Louis. do . . .

Frame:Atlanta . do . . .New York d o . . .San Francisco doSt. Louis do . . .

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

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

Combined index.... 1936=100.Materials do . . .Labor. _ . . . . d o . . .

REAL ESTATE

Federal Housing Administration, home mort-gage insurance:

Gross mortgages accepted for insurancethous. of dol..

Premium-paying mortgages (cumulative)

252,763

6,2884,5751,713

4,73150,724

8,915121,248242,425

10,11911,094

37,01338, 239

188

96.7131.9117.2118.9

98.3134.6121.9120.4

97.1131.3115.3119.1

89.5125.9106.2110.8

87.0124.4100.5107.8

241.6

106.2104.4109.7

30,27821,878

1,4726,928

268, 395

6,8554,2322,623

3,86741,024

8,570123,554240,218

11,31212,191

42,29944,094

187

182168193169185

187

95.4130.6116.9118.5

97.6133.4121.3119.7

95.7129.9114.7118.5

86.8123.1104. 7110.0

83.7121.998.7

106.8

235.0

105.4102.5111.3

82,322

1,607,147

28,49521, 804

1,2485,443

181,469

5,7133,8201,893

3,70137,802

8,522124,975244,860

11, 50412,414

40,33642,052

182168193169185

187

94.8130.9116.8118.3

97.2133.8121.2119.6

93.3130.2114.4118.2

86.5123.6104.7108.9

83.3122.198.7

105.4

234.9

105.3102.4111.3

52,603

1,658,306

34,19823, 5431,4729,183

311,222

6,1613,9072,254

3,13034, 254

8,554123,044242,924

10,65411,437

38,57940, 505

183168195169184

187

94.8130.8116.8118.4

97.2133.7121.2119.6

93.2130.2114.4118.3

86.1123.5104.7109.3

82.8122.098.7

105.9

234.9

105.2102.3111.2

62,269

1,723,357

26,85218,8081,6166,428

209, 337

4,4653,0581,407

2,72330,821

8,386119,472237,214

9,88810, 581

37,91939,756

191

184171195171185

188

94.6130.8116.8118.4

97.1133.7121.2119.6

93.0130.2114.4118.3

85.4123.5104.7109.3

81.9122.098.7

105.9

235.0

105.7102.9111.2

62,008

1,776,784

27,15921,3621,5914,206

245,062

2,6551,0671,588

2,82430,750

7,473110, 543222,062

10,28310,909

35, 43537,190

185173196173188

188

94.8130.8117.8118.6

97.2133.7122.0119.7

93.2130.5117.5118.5

86.0123.9105.4110.3

82.8122.899.8

107.2

236.9

106.1103.6111.1

74, 216

1,837,923

30,89021,623

1, 2478,020

302, 215

3,7182,4911,228

3,10035, 315

6,746101,855205,183

10,18011,060

35,11236,577

185173196173188

188

94.9130.9117.9118.7

97.2133.7122.5119.8

93.3130.6118.0118.7

86.8124.3106.1110.9

83.7123.3100.5107.9

238.2

106.5104.4110.8

65,013

1,905,071

29,69620,0522,1117,533

190,327

4,9513,2601,691

3,52840,132

5,98491, 429

184,441

11,42811,986

30,52832, 258

191

185174196172188

188

95.3131.4118.2119.0

97.5134.0122.8120.0

93.8131.0118.4118.9

88.1125.5107.0111.1

85.3124.8101.6108.1

238.2

106.6104.5110.6

53,200

1,969,862

18, 52011, 4011,0886,031

191,977

2,5971,730'867

3,88045, 616

5,83790, 220

180,686

12,44713,075

30,41032,077

185

188

96.0131.1118.0118.9

98.2133.7122.7119.9

96.8130.4118.1118.7

88.3125.1105.8110.4

85.5124.5100.2107.2

238.3

106.4104.4110.2

48,831

2,034,920

24,19015,9881,7326,470

270,928

3,1222,297

825

4,26446, 677

5,96692, 864

185,954

12, 61713,193

31,16732, 775

187

96.0131.1118.0118.9

98.2133.7122.7119.9

96.9130.4118.1118.7

88.4125.1105.8110.5

85.7124.5100.2107.4

238.3

106.5104.5110.3

44,980

2,086,518

30, 31322, 6572,1775,479

179, 836

2,4861,827

659

4,78247, 619

6,34798, 452

196, 974

12,13312, 908

31, 78733, 272

191

187

96.0131.0118.0118.8

98.1133.7122.7119.9

96.8130.3118.1118.6

88.1124.4105.8109.8

85.3123.6100.2106.5

238.3

106.4104.4110.3

63, 602

2,132,701

211,816

4,0583,170

888

4,63346,922

7,306106, 063211,630

9,81010,420

34, 52535,819

187

96.5131.3118.0119.0

98.1134.0122.7120.0

96.8130.6118.1118.8

88.5124.8105.8110.9

85.7123.9100.2107.9

238.3

106.2104.3110.0

76,874

2,180,413

282, 296

7,5375,4962,041

4,64550, 515

8,388115,864230,819

10, 32811, 394

36,45837, 751

187

96.6131.9117.1118.9

98.2134.6121.9119.9

97.0131.3115.2118.7

89.4125.9105.8110.4

86.8124.4100.2107.2

238.9

106.2104.4109.9

79,930

2,233,991

84,357

thous. of dol..2, 288,348' Revised. §Index as of July 1,1940, is 242.2.*New series. For data beginning 1936, see table 30, p. 17, of the June 1939 Survey.tRevised series. Data on number of dwelling units provided revised beginning January 1937; the more significant ievisions, covering the period October 1937 to June

1939, were shown in the footnote on p. 22 of the September 1939 Survey.cf Data for streets and alleys, formerly shown separately, are available in total only subsequent to December 1938.IData for June, August, and November, 1939, and February and May 1940, are for 5 weeks; other months, 4 weeks.{Beginning January 1940 the American Appraisal Co. has revised the basis on which the indexes are prepared to include in addition to material and labor prices formerly

used, provisions for overhead and profit allowances. The composite 30-city indexes on the new basis for 1940 are: Jan., 203; Feb., 203; March, 202; April, 203; May, 202; June202. Indexes for individual cities and annual indexes for earlier years, on the new basis, will be shown in a subsequent issue.



1940

June

1939


berDecem-

ber

1940

Janu-ary


CONSTRUCTION AND REAL ESTATE—Continued

REAL ESTATE—Continued

Estimated new mortgage loans by all savingsand loan associations:!

Total loans thous. of dol..Loans classified according to purpose;

Mortgage loans on homes:Construction-.. thous. of doL.Home purchase. doRefinancing _ doReconditioning- do

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

tion:Federal - thous. of dol..State members .--doNonmerabers „ do

Loans outstanding of agencies under the FederalHome Loan Bank Board:

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

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

vances to member institutionsthous. of dol-_

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

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

Fire losses thous. of dol_.

106,984

35,52338,40217,1475,691

10, 221

47,43542,21417,335

1,405,100

157,397

2,012,760

114108

19,506

94,154

29,91932,22817,1235,8029,082

39,09436, 46518, 595

,136,289

168,962

!,080,512

167161

24,191

85,172

26,86529,63815, 3535,1338,183

34,05534,14616,971

1,157,536

161,537

2,067,844

157152

22, 468

95,038

29,86332,28217,0055,9099,979

40,64537,34017,053

1,186,784

159,470

2,059,792

150146

22, 801

89,732

27,85431,36716,0215,5448,946

37,09036,98915,653

1,206,887

163,687

2,054,865

147136

22, 837

93,297

29,25533,38315,8355,7849,040

37,85437,84717,596

1,231,685

168,654

2,049,421

131120

24,301

86,076

26,60730,43415,4454,7208,870

34,78534,67116,620

1,252,559

168,822

2,043,288

136129

27, 248

83,112

26,92327, 77915,0014,3359,074

34, 05333, 20915,850

1,271,161

181,313

2,038,186

126121

27, 959

66,944

19,48822,03913,9993,4557,963

28,00825,73713,199

1,280,200

156,788

2,031,341

114108

36, 261

71, 622

20,15225, 38914,5903, 4377,954

29, 78628, 94112, 795

1,296,464

144, 515

2,026,614

10399

34, 410

90,368

26,71132,16816, 7694,65710,063

38, 24136, 48415, 643

1,317,975

137, 642

1,021,951

112104

r 29,789

108,001

33,76437,82120,8596,0979,460

46, 57743,01518,409

1,348,072

133,811

2,020,572

113108

!6, 657

r 114,542

36,95642,04918,0346,896

10, 607

49,28745,80319,452

1,376,700

137, 509

2,017,395

126119

23, 447

DOMESTIC TRADE

ADVERTISING

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

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

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

Automobiles and accessories doClothing doElectric household equipment.. .doFinancial doFoods, food beverages, confections doHouse furnishings, etc doSoap, cleansers, etc do . . .Office furnishings, supplies doSmoking materials. . . . .do ._Toilet goods, medical supplies doAll other do

Magazine advertising:Cost, total . - do

Automobiles and accessories do . . .Clothing doElectric household equipment do-_.Financial doFoods, food beverages, confections . doHouse furnishings, etc doSoap, cleansers, etc . doOffice furnishings, supplies. .-do ._Smoking materials doToilet goods, medical supplies ..do . . .All other do

Linage, total thous. of lines__Newspaper advertising

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

Automotive doFinancial _ . ..do _..General .. doRetail . . do . . .

GOODS IN WAREHOUSES

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

NEW INCORPORATIONS

Business incorporations (4 States) number..

POSTAL BUSINESS

Air mail:Pound miles performed millions

Money orders:Domestic, issued (50 cities):

Number thousandsValue thous. of dol_.

85.8

358.4

7,086680

540

812,039

85846

01,1571,926

218

15,6482,415

804657504

2,391826546150863

2,4234,0692,014

103, 29023, 21680,0745,6391, 485

17,06955,880

1,619

4,15138, 218

85.565.082.079.876.6

329.7

6,471640

370

1292,101

18792

0887

1,718148

13,2792,216

710603486

1,893760454100636

2,1873,2351,796

105,08621,78583,3015,3451,663

17, 40858, 886

70.7

1,712

1,427

4,17038,165

81.761.880.074.089.8

337.7

5,813496

320

971,669

23771

01,0001,583

141

10,1311, 635

246170337

2,072266311

64622

1,9022, 5071,625

85, 40720, 57064,8383,4962,120

13,99945,222

70.2

1,724

1,386

3,90736,858

84.870.178.579.176.6

355.6

5,859520

580

1091,657

23818

01,0481,498

128

8,3871,033

40558

2451,695

215370123431

1,5582, 2531,784

90, 52621,11569,410

3, 5121,349

12, 52752,022

69.9

1,718

1,486

3,90637,098

82.666.172.877.483.5

333.7

6,089558

750

1021,860

48812

0969

1,538126

11,8141,322

989213352

1,744628411327593

2,0293,2072,182

101,93720,88481,0533,0671,278

15,04561,663

69.4

1,471

1,421

3,90737,262

82.865.878.177.775.8

298.4

8,014648

720

1072,608

62923

01,1702,150

273

14,9252,3121,136

392414

2,2061,086

403204665

2,4223,6852,378

119,61222, 39397,2206,4361,767

19,82469,192

70.4

1,787

1,509

4,28839,723

84.069.382.079.960.6

312.6

8,036641

340

982,729

45925

01,1532,163

247

13,8212,159

755337400

2,103874382203704

2,4743,4292,255

113,45720,19493,2644,5371,376

18,47068, 880

72.3

1,850

1,473

4,15038,553

89.470.980.484.388.3

318.5

8,127636

410

922,769

49915

01,1342,225

265

12, 2621,300

555406318

1,771681269303647

2,2193,79411711

118,10320, 24697,8573,4821,637

14,18378, 555

73.9

1,901

1,771

4,55441,190

79.467.874.873.478.9

325.6

8,299683

300

852,74050

9420

1,2192,328

221

8,2741,318

27188

3761,271

255217119620

1,4222,3171,973

88,03319,07568,9583,8542,278

12,43350, 393

72.3

2,361

1,535

4,70241,876

82.760.780.077.177.2

306.2

7,800634

320

592,663

87902

01,1192,084

220

12,3141,616

596239365

2,129475478166598

2,3963, 2562,343

93, 24019,29573, 9454,2241, 494

15, 74052, 487

71.7

1,966

1,500

4,24639,065

85.359.081.879.983.6

289.4

8,208670

450

622,737

89931

01,1902,210

274

16, 261' 2, 483

1,095585458

2,477730497263824

2,7234,1242,779

114, 25522, 94591, 3095,6201,799

17, 64566, 246

73.0

1,998

4,66442, 937

84.766.483.078.187.2

290.8

7,728722

330

742,38980

9120

1,1902,126

201

r 17,3102,9861,022

747481

2,2851,130

468192663

2, 579' 4, 757

2,725

111,98923, 08388,9067,0071,838

17,82462, 237

'72.1

2,250

4,50341, 548

89.369.185.183.286.2

325.2

7,928728

560

922,38390

9630

1,2832,109

224

r 16,461' 2, 744

923842441

' 2, 2191,134

514235702

2,328' 4, 378

2,430

119,88323,93695,9487,8121,477

19, 42767, 231

72.3

2.. 087

4,30940,028

r Revised.fRe vised 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.



1940

June

1939


berDecem-

ber

1940

Janu-ary


DOMESTIC TRADE—Continued

POSTAL BUSINESS-Continued

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

Number , . _ . thousandsValue thous. of dol..

Foreign, issued—value - . do_.Receipts, postal:

50 selected cities - do..50 industrial cities - . . . . do..

RETAIL TRADE*

Automobiles:Value of new passenger automobile sales:

Unadjusted 1929-31=100..Adjusted . . d o

Chain-store sales:Chain-Store Age Index:

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

Apparel chains . _. do. . .Grocery chain-store sales:

Unadjusted 1929-31=100Adjusted _ do..

Variety-store sales: !Combined sales of 7 chains:

Unadjusted. ..1935-39 = 100..Adjusted - do..

H. L. Green Co., Inc.:Sales - thous. of dolStores operated number

S. S. Kresge Co.:Sales .„ . . . thous. of dolStores operated number

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

McCrory Stores Corp.:Sales thous. of dolStores operated number

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

F. W. Woolworth Co.:Sales thous. of dolStores operated number

Restaurant chains (3 chains):Sales - . thous. of dolStores operated number

Other chains:W. T. Grant Co.:

Sales - - thous. of dol..Stores operated number

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

Department stores:Collections:

Installment accountspercent of accounts receivable .

Open accounts - doSales, total U. S., unadjusted"... .1923-25= 100..

Atlanta - doBoston . do _.Chicago doCleveland -- - - do..Dallas _ doKansas City . 1925=100..Minneapolis 1929-31=100New York 1923-25=100.Philadelphia! do .Richmond doSt. Louis doSan Francisco! - . . . do _

Sales total U S adjusted doAtlanta do _.Chicago doCleveland! . . . . doDallas do . . .Minneapolis! 1929-31=100New York 1923-25=100Philadelphia! doSt Louis doSan Francisco! . . do. . .

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

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

Mail-order and store sales:Total sales, 2 companies thous. of dol..

Montgomery Ward & Co doSears, Roebuck & Co .. .do... .

13,13897, 435

28,6683,451

p 143. 9p 123.0

119.0120.0

p 112 8p 111 1

p 104 4

11 643676

6 310239

3 611203

4 398202

26 0°02,015

0)

8 911492

24 7371,568

1137692939076978973

1138288

1259495

1029792758997

7.5

6468

106,41743,10463, 313

13,918101, 345

2,210

r 29,794' 3,688

101.279.0

111.0118.0

100.899.3

97.1101.1

2,712132

11, 293683

6,406239

3,420202

3,758'200

24, 6622,013

0)0)

8,385493

22, 2371,543

16.746.8

831087689829074958765

105758886

1199184

1019590

' 6 78297

7.7

6467

98,07041, 30256,768

12,14291, 7092,069

25, 4643,271

87.580.5

113.0126.0

97.699.6

92.5101.0

2,502132

10, 369685

6,225240

3,158201

3,564201

24, 3402,015

0)0)

7,298493

19, 5041,544

16.045.3

6088496163726169634673628186

1268586

1039789679099

9.5

6067

77,39333,45243,941

13,13099, 498

2,205

28,2333,540

63.776.5

113.0124.0

99.0103.1

90.8103.6

2,446133

10, 578683

6,490240

3,136200

3,470201

24,1232,014

0)0)

7,210494

20, 6791,548

16.843.6

69114557773837989675086709489

1469588

107102906794

100

15.5

6567

87, 25738.99848, 259

12, 62497, 376

1,895

30,0383,413

56.583.5

114.5127.0

107.2109.4

97.5101.5

2,785133

11,513683

6,596240

3,354200

3,789201

25, 8102,015

0)

8,235495

26,1431,552

17.244.0

97133

8310296

11590

1169774

118989891

1429892

10410493749295

11.1

7168

107, 49344,74362, 751

14,152109,016

1,833

31,9603,788

96.593.7

113.3125.0

106.9106.4

104.4106.2

2,855133

11,938682

7,286240

3,431200

4,090202

26, 5302,018

0)0)

8,733495

28, 7221,553

17.747.0

99138

859898

11694

11610480

13296

10390

1168994

1039791698599

12.4

7769

122,19154, 94567, 246

14, 385108, 449

1,773

32, 4463,658

107.9102.8

117.0132.0

109.0109.0

109.9106.9

3,066133

12, 356685

7,295240

3,622201

4,219202

26,9482,019

0)0)

9,316494

28,2151,554

17.748.7

1061428899

1071178897

11595

13110210595

12590

10010494977887

100

10.4

8271

108, 09547, 76460,330

15,285111,851

3,926

42,9385,117

110.8108.5

120.0142.0

112.1108.8

209.4104.7

6,228133

24,406686

15,232240

7,655200

8,163202

52,3332,020

0)0)

18,868491

43,2161,554

18.044.5

16823014016417119515416017213921715617996

13598

100113105957694

104

6.6

6468

148,44766,02082,427

13, 608100, 455

1,604

30, 3803,791

95.6' 125. 8

113.5120.0

105.4108.7

76.1104.0

2,125132

9,042675

5,300240

2,767201

3,083202

20, 5122,017

0)(0

5,931492

18,2921,554

17.048 2

7193697570866781745284698092

1189493

113102

94728798

11.1

6168

70, 53229, 98440, 548

12,94595,124

1,467

29, 7373,665

100.7' 130.8

114.0119.0

112.1111.5

83.5105.3

2,093132

9,543675

5,603239

2,998201

3,134202

22,1172,015

0)0)

6,109492

16,0321,557

17.244.6

71111

537473917070695383738389

1269293

1079786708599

11.9

6871

71, 36630, 53040,836

14, 373106,197

1,775

32, 6573,993

133.9' 112. 5

115.0128.0

' 112.0'110.9

99.3105.4

2,905132

12,206675

6,897239

3,888202

4,069202

27, 5452,016

0)0)

8,101492

21,4691,560

17.945.4

86136

699286

11087938269

110919589

1399491

11290897192

102

10.1

7170

89, 74138,84250,899

13, 624100, 793

1,450

31,6153,923

145.2' 112. 5

115.0122.0

113 2' 109. 9

92 1103 2

2 497132

10 498'675

6 401239

3 246203

3 585203

23 7742,014

0)

7,620492

21 1811,562

17.846.5

86118

7191909985

1008365

105909089

1199288

103101

90699296

9.5

7169

102,22845, 85656, 372

13, 928103,120

1,430

32 2653 786

r 131.2r 104 1

117.0123. 0

r H4 0r H2 3

101 7105 2

2 84613?

11 815675

6 838239

3 507203

4 300203

oc f\p,7

2,015

0)

o 707492

23 5991, 562

17.346.889'128' 7 4

9394

10586

1008574

' 120889587

1279287

105100

88748899

9.6

7068

111,88345,90565,978

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

and Domestic Commerce. The Bureau of the Census has available percentage changes for (1) Independent stores in 34 States and 4 cities, by kinds of business, (2) Whole-salers' sales, by kinds of business, (3) Manufacturers' sales by kinds of business.

fRevised series. Indexes of department store sales in San Francisco area revised beginning 1919; see table 3, p. 18, of the January 1940 issue. Seasonally adjusted indexesof department store sales revised beginning 1929 for the Cleveland district and beginning 1934 for the Minneapolis district; see tables 4 and 5, p. 18, of the January 1940 issue.Indexes of department store sales in Philadelphia revised 1923-39; see table 7, p. 10, of the March 1940 issue. Indexes of variety-store sales, revised beginning 1929; see table30, p. 10 of this issue and text, p. 9.



1940

Til no

1939

June July AugustSep-

tember October Novem-ber

Decem-ber

1940

Janu-ary

Febru-

DOMESTIC TRADE—Continued

M a y

RETAIL TRADE—ContinuedRural sales of general merchandise:

Total U. S., unadjusted 1929-31=100-Mid die West __-doEast doSouth doFar West do

Total U. S., adjustedf doMiddle Westf doEastt doSouth f doFar Westt do

.125.5116.4l;«. l132. 6146. 7137. 7124. 3145.0164. 9153.9

120.0109. 9122.8133.3137. 3131.7116.4133. 8165. 8144, 1

91.181.888.3

103.8115.2124. 8110.9124.1152. 8140. 5

107.299.1

105. 8111.7134. 6131.1120. 1132.7155.0146. 1

132.6116.3126.4165. 6162.3125.4113.5128.6150.0138. 7

160.3143.9155. 4215.4166. 5123.4113. 3120.7145.4138.7

159.7142.8167.0208.2164. 7122.7108.9129. 5151. 6135. 8

211.7190.1229.2236.4242. 8132.4121.9137.7157. 414« 8

102.396.699.2

120.7108.4134. 5126.3130. 6152. 6147. 5

107.096.8

106. 0136. 9114.8132.3121.8129.6150.1155.1

119.9110.9120.0151.6120. 2136.6125.1133. 6167. 9146. 0

115.3105.1115.2134.4127. 0125.4112. 5120. 8152. 8142.2

EMPLOYMENT CONDITIONS AND WAGESEMPLOYMENT j

Factory, unadjusted (U. S. Department of jLabor) f 1923-25 = 100 _|

Durable goods do IIron and steel and their products, not i

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

mills 1923-25 = 100. _ |Hardware do jStructural and ornamental metal work j

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

Lumber and allied products do {Furniture do ILumber, sawmills do

Machinery, not including transportation Iequipment 1923-25 = 100.. j

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

Electrical machinery, apparatus, and |supplies 1923-25 = 100 J

Engines, turbines, water wheel?, and |windmills 1923-25 = 100-1

Foundry and machine-shop products I1923-25 = 100-1

Radios and phonographs do 1Metals, nonferrous, and products do

Brass, bronze, and copper products_doStone, clay, and glass products do

Brick, tile, and terra cotta doGlass do

Transportation equipment doAutomobiles do

Nondurable goods doChemical, petroleum, and coal products

1923-25 = 100..Chemicals doPaints and varnishes doPetroleum refining do |Rayon and allied products do j

Food and kindred products do |Baking doSlaughtering and meat packing do

Leather and its manufactures doBoots and shoes do

Paper and printing doPaper and pulp do

Rub her prod nets doRubber tires and inner tubes do

Textiles and their products doFabrics doWearing apparel do

Tobacco manufactures doFactory, adjusted (Federal Reserve)! do

Durable goods doIron and steel and their products, not

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

mills 1923-25 = 100-.Hard ware doStructural and ornamental metal work j

1923-25 = 100.-1Tin cans and other tinware do I

Lumber and allied products do 'Furniture do |Lumber, sawmills do I

Machinery, not including transportation jequipment . . 1923-25 = 100. - J

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

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

Engines, turbines, water wheels, and jwindmills 1923-25 = 100.. i

Foundry and machine-shop products !1923-25 = 100. _ I

Radios and phonographs do !Metals, nonferrous, and products do I

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

Brick, tile, and terra cotta .-doGlass.. . . . - - . d o j

Transportation equipment do |Automobiles do |

T Revised.t Re vised series. Rural sales of general mercha

for employment and pay rolls without adjustmentby the Census of Manufactures for 1935 and 1937.1919-1933, tables 1 and 2, pp. 15-16, of the Decemberfigures are correct as shown in tables 76 and 77, pp.uing 1933; these are also available upon request/

122.8114.0120. 3135. 8138. 4133. 8120.4137. 3100.1153. 9

68.8100.266.784.361.1

73.8 i107.0 l

70.0 !90.763.4 '

70.3105. 772.494.665. 5

.0 I100.6 I73.0 i96.8 !65.5 !

71.692.766.789.059.1 ,

82.6129.691.3

104.079.761.596.379.976.4

103.5

91.2176.5110.4131.184.864.

106.9105.3107.8110.8

82.6119.991.3

104.280.561.399.090.891.

101.

84.1135.94.7 !

107.7 I80.861.8 I98.575.2 !

70.4 !103.1 !

85.150.1100. 3115. 281.763.2

100.997.098.7

110.2

95.179.7113.5137.485.564.7

106.3102.9102.3109.2

97.2162. 3112.9137.783.662.6

108.5116.5118.1108.0

97.2136.4109. 8135. 7

57.0105. 6115.5115.105.3

109.8116.5124.3120. 5286.2127.2147.499.494.192.5

109.8106.180.166.297.89.5

112.65.2

94. 383.9

110.4117.1122.2121.8297.0135. 0147.100. 799.799.1

110.1105.

109.2119.1122.1122.7255.1147.0146.9100.2100.7100.3110.9107. 082.668.3

103. 293.0

122.166. 695. 985. 3

122.3133.125.1122.7310.2137.7148.0102.796.294.1

116. 5113. 692.473.6

108.098.6

124. 766.7

101.294.6

118.0123.6 I122.1 !123.1 I300.2 i150.7 I148.0 I101.3 |97.8 |96.5 |

113.2 i108.8 !86.070.0 |

104.3 i93.3

124.8 !4 i

97.5 i88.9 i

122.3137.6124. 2122.3312. 2126.0144.8112.193.2

121.0135. 8123.5121.6313.5119. 5141.4111.897.495.8

115.1114.190.073. 6

103. 595.9

116.159.0

103.999.7

121.0136.1123.2120.9313.3118.8142.3108. 699.3

.3114.6113.088.073.0

105.595.5

123. 761.7

102.197.4

122.8135. 6123. 5121. 3309.0118.143.1107. 498.2

118.5115.193.074.7

105. 698.5

116.965. 8

104.5100. 0

66.697. 990.0

109.565.495.384.7

91145

107.0130

81.961

106105. 6

95160

110.1137

85.064

109101. 3

100

'144107. 5

12880.8

61103

110. 8107

ndise adjusted for seasona

248327—40 4



1940

June

1939


berDecem-

ber

1940

Janu-ary


EMPLOYMENT CONDITIONS AND WAGES— Continued

EMPLOYMENT—Continued

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

Chemical, petroleum, and coal products1923-5=100--.

Chemicals doPaints and varnishes doPetroleum refining doRayon and allied products do

Food and kindred products doBaking doSlaughtering and meat packing do



Rubber products doRubber 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 = 100.New York do. . .Philadelphia! 1923-25=100.Pittsburgh! do. . .Wilm ingtonf do - . .

State:Delaware! do. . .Tllinois 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=100.Pennsylvania! 1923-25=100.Wisconsin! 1925-27=100.

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

Mining:Anthracite 1929 = 100.Bituminous coal doMetalliferous do_._Petroleum, crude, producing do. . .Quarrying and nonmetallic do._.

Public utilities:Electric light and power! do. . .Street railways and busses! do-._Telephone and telegraph! do. . .

Ser vices:Dyeing and cleaning do. . .Laundries do._.Year-round hotels do. _ -

Trade:Retail, total! do._ _

General merchandising! do_._Lumber and building materials*....do ...

Wholesale do. . .Miscellaneous employment data:

Construction employment, Ohio .1926==-100.Federal and State highway employment:

Total number..Construction (Federal and State)..do...Maintenance (State) do .

Federal civilian employees:United States do...

District of Columbia ...doRailway employees (class T steam railways):

Total thousandsIndex:

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

Trades-union members employed:All trades percent of total.

Building do. . .Metal do.. .Printing do.. .Allother do.. .On full time (all trades) do.. .

LABOR CONDITIONS

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

dustries)! hours.U. S. Department of Labor (87 industries)!

hours..

102. 677. 296.996. 0

100. 088. 483.089.489. 6

loo. o85. f>

137 if,10C). 4

74.6105. 688. 594.185. 492.4

50. 283.770.463. 847.7

91.368.677.9

112. 5102. 591.2

91.595. 475.489. 3

46. U

('•)

0)0)0)0)0)

104.2

113.1117120120295

129.4147100

97.196

111.1106

80.866

101.091.9

117.565. 5

91.770.581.486.794.383.681.173.681.0

90.078.1

133.2' 95. 7

73.295.480.9

'85 .4'•80.0

86.9

51.278.361.667.047.3

89.269.376.4

110.198.792.8

89.493.373.488.1

' 44. 3

252, 316130,743121,573

025, 785123, 643

1,010

55. 654.4

897884909270

37. 1

105.3

113.7115122121298

127.9147101

98.798

111.8106

79.767

103.994.3

121.165.7

92.670.980.359.592.283.181.973.478.1

89.078.3

129.296.775. 394.480.684.781.089.2

44.779.460.467.347.5

90.069.176.5

106.5100.090.3

87.288.272.287.9

50. 0

264, 502138,345126, 157

027.778124, 125

1,019

56. 154.7

887684909170

37. 1

105. 9

111.9119125122254

129. 7146101

97.496

112.0107

83.668

104.695.2

121.465.2

93.872.282.889.494.391.183.176.475.6

93.780.7

129. 390.577.697.784.087.282.590.0

48.581.460.466.748.1

90.669.276.6

102.799.189.8

86.386.374.389.0

48.0

274. 949142,788132, 161

935, 582121.739

1,022

56. 354.9

887585899271

37.3 ! 36.7

105.7

116.4122123122297

128.1146102

96.895

112.8109

86.170

103. 493.9

120.464.4

98.774.390.0

107.198.095.383.779.279.9

99. 982.3

129.4101.579.0

100.187.591.183.790.9

49.485.462.965.047.9

90.669.276.4

105.297.891.3

90. 595.875.290. 5

48.0

277, 703142,868134,835

940,040125,906

1,039

57.156.0

897586909371

37. 9 38. 2

38. 0 38. 0

107.6

119.9132125122309

126.9146103

97.496

115.0114

91.274

106.097.7

120.463.5

101.078.593.3

102.496.297.888.187.986.9

98.686.0

132.4104.882.5

105.090.695.790.089.4

51.993.065.364.348.0

90.469. 576.5

105.196.092.9

91.798.976.392.4

47.9

262, 760133,904128,856

936. 409126. 518

1,075

59.157. 5

897588909372

39.0

39. 1

109.2

121. 3137126123310

129. 6145106

99.198

115. 7115

93.175

107.599.7

120. 463.1

101.880.395.7

105.9102. 795. 987.792.189.6

98.287.7

137.0105.582.8

107.491.397.091.792.1

51.394.966.563.847.1

90.369.376.1

97.895. 691.8

93.3105. 975.192.1

44.2

227. 233112,816114,417

934. 998126,380

1,058

r^. 257.8

897488909372

39. 1

38. 5

108. 9

121.9138126122311

131.4145108

96.996

116.4115

92;475

105.896.9

121. 664.7

102. 680.494.9

112.1104.095.186 993. 490. 0

98. 487.8

140.4105.881.9

106.291.497. 891.492. 9

51.092.667.363.844.0

90. 169.075.8

97.495.690.8

104.2146.473.492 2

41.3

185,66181,845

103,816

987, 857127, 502

1, 029

56. 557. 9

887288919270

39. 1

38.6

107.9

121.4138127122310

130.7144108

97.396

"115.5114

90.274

104.495.0

'121.364.2

101. 378.494.6

104.9101.692.185.592.089.0

97.186.0

136.2104.480.8

103.489.795.688.991.0

51.591.866.463.237.8

89.168.876.1

94.096.091.3

87.789.370.090.6

31.6

145, 70742, 960

102, 747

938,403127,418

0)(00)(0(00)

106. 6

r120. 6r l38

124122309

' 130. 8144109

95.494

114.7113

87.973

r 102. 793.1

'120.062.7

100.878.194.6

110.797.295.986.690.088.0

96.185.9

135.7104.080.7

103. 590.995.388.389. 5

52.091.766.363.038,3

89.268.775.9

93.795. 892.1

87.087.969 490.2

31.1

163. 59243, 267

120, 325

939,015127,771

55. 757.9

0)0)0)0)(0

38. 7 |

37.4 >

38. 0

37. 3

104. 8

-120.0137124123304

' 130.3145110

93.893

114.8113

86.772

99.188.6

118.864.3

102.777.695. 3

110. 399.998.484.788.488.6

96. 985.4

134. 6105. 278.0

103.791.594.386.890.9

52. 689.766.263.041.0

89.368 276.0

99.596.292.0

01.196. 470.490. 5

.'•» 1. 2

164, 72660,417104, 3<'>9

945, 83612«. 643

1, 006

5^) 156. 8

(0(00)(')

o

V 7

37. 5

103. 3

121.1136123122312

128.8144107

91.1'90

114. ?,112

83.970

96. 687.8

112.465.0

103. 576. 596.2

108.899.193. 783.786.1

' 90. 0

98. 584.4

134.9105.476.3

103.189.393.185. 390.0

51.6' 86. 2r 67. 7r 63.1r 44. 5

90.3r 68. 3r 76. 7

r 304.5r97.2' 92.7

r 80. 8r 02. 0

72.4r 80. 3

205, 16403. 726

Hi, 438

959.146120.677

1,004

55.155. 6

0)(!')

Q)

V)

37. 6

37. 2

.103.1

122. 3137121

r 122311

•129.1145107

'87.986

115.3115

83. 869

r 96.:-;87.7

' l l l . f i' 63. 2

' 102. 677 0

. 97. 0102. 699.491.1

r 82. 0' 86. 2r 89.9

r 98. 984.7

136.5r 106. 0

74.0103. 888.492.7

' 84. 390.4

52.284.969.263.147.1

90.668.477.3

108. 799.193.4

01.295. 574. r>

88.7

42. 3258, MVJ131,0701 26, 10'J

077, 901)130 037

0)

0)

37. 2

'Revised. ! Discontinued by reporting source.•New series. Data for employment by lumber and building material dealers not shown on p. 26 of the March 1940 Survey will appear in a subsequent issue.!Revised series. Iowa employment revised beginning July 1937; revisions are shown on p. 26 of the March 1939 Survey. Wisconsin employment and pay rolls have been

adjusted, beginning 1929, to trends indicated by Census data; indexes not shown on p. 26 of the November 1938 Survey will appear in a subsequent issue. Other Stateand city employment indexes revised beginning with the year specified: Philadelphia, 1932; Pittsburgh. 1932; Wilmington. 1931; Delaware, 1931; New Jersey, 1931; and Penn-sylvania, 1932; data appear in table 12, p. 14, of the March 1940 issue. For data on factory employment, adjusted (Federal Reserve) revised, see footnote marked with a " t " onp. 25. For U. S. Department of Labor average weekly hours per worker in factories, see note marked with a " ! " on p. 29. For revised data on indicated nonmanufacturingemployment series, see footnote marked with a " ! " on p. 28. National Industrial Conference Board data relating to factory weekly and hourly earnings and to weekly hoursper worker have been revised beginning 1934; see table 2, p. 18, of the January 1940 issue.

1940 SURVEY OF CURRENT BUSINESS 27


1940

June

1939


tember OctoberNovem-

berDecem-

ber

1940

Janu-ary

Febru-ary March April

EMPLOYMENT CONDITIONS AND WAGES—Continued

LABOR CONDITIONS—Continued

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

Beginning in month thousands..In progress during month do

Man-days idle during month doEmployment operations (Social Security

Board):Applications:

Active file thousands._New do

Placements, total doPrivate do

Ratio of private placements to active filepercent_. j

Labor turn-over in mfg. establishments: iAccession rate...mo. rate per TOO employees..JSeparation rate: !

Total do.Discharge do..Lay-off _do_Quit do..

PAY ROLLS

Factory, unadjusted (U. S. Department ofLabor)! 1923-25 = 100.-1

Durable goods do jIron and steel and their products, not in- |

eluding machinery 1923-35= 100._Blast furnaces, steel works, and rolling

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

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

Lumber and allied products doFurniture doLumber, sawmills do

Machinery, not including transportationequipment 3923-25=100. _

Agricultural implements (including trac- Itors').... 1923-25 = 100.-1

Electrical machinery, apparatus, and Jsupplies ; 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 doA utomobiles do

Nondurable goods doChemical, petroleum, and coal products

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

Food and kindred products do1? ak i no: doSlaughtering and meat packing do


Paper and printing doPaper and pulp d o . . .

Rubber products do IRubber tires and inner tubes. ....do j

Textiles and their products do IFabrics do IWearing apparel do j

Tobacco manufactures ... do _Factory, unadjusted, by cities and States;

City or industrial area:Baltimore 1929-31 = 100_.Chicago 1925-27=100..Milwaukee doNew Y o r k . . . doPhiladelphia! 1923-25 = 100..Pittsburgh f doWilmington! do

State:Delawaref - do.Illinois 1925-27 = ] 00..Maryland 1929-31 = 100..Massachusetts 1925-27=100..New Jersey! 1923-25=100..New York 1925-27=100..Pennsylvania! 1923-25=100..Wisconsin! _• 1925-27=100..

p 170c295

v 32v 58

p 400

5, 738

0)330

288

5.0

4.7G3. 36

.142. 32.90

100.1

103.7

114.1100. 3

65.1113.563.576. 157.9

125.1

157.8

211.4

95.8134.1103.8140.773. 250.6

111.0117.7110.795. 5

133.1164. 9136.7136. 3314.3128.8141.0114.866. 862. 6

111.9J26. i86.477. 6

7'i! 4It. Ii)(S. 9

129.567. 3

106. 082.283. 788.887.6

98.776.4

128.770.7

107.586. 381.999.9

May

245407

63127 I958

6,283570344251

4.0

3.92

3.31.12

2.46.73

86. 580.7

82.6

85. 973.8

58.8103.260.168.555.9

95.4

127.3

91. 6

114.3

76.9104.584.0

103.170.650.1

100.888.988.693.0

118.713], 5128.9134.4271.8123.8138.1106. 774.670.4

103. 5104. 582.174.879.575.682.361.5

110.558.796.57fi. 976 566.575.8

85.067.3

' 110. 366.789.275.9

'70.989.2

251389

176212

1,168

6,10149428G213

3.5

4.16

3.3612

2.54.70

84.476.0

78.6

82.065.4

58.7102. 856.468.050.5

94.0

122.7

91.0

110. 2

74.8113.682.4

103.965.946.491.576.672.993.7

117.9130.8124.0131.5283.2128.6139.1109.283.681.9

102.0101.281.577.179.276.679.761.8

110.659.192.476.377.662.471.4

81.166.6

110.469.387.775.869.286.6

975448

80119

1,101

5, 790558336254

4.4

5.06

3.01.14

2.05.82

89.781.5

88.0

92.780.1

63.9114.962.975. 556.8

96.9

1210

93. 4

113.5

78.4122. 888.7

110. 571.650.1

102. 578.375.099.0

119.0136. 3125. 6135.9246.6135.1135.3105. 884. G82.9

103.7107. 786.378.988.180.298.362.7

114.061.398.185.579.172.067.7

79.770.3

110.271.391.880.274.291.6

197373

37104892

5,6820)

352287

5.1

6.17

2.79. 14

1.581. 07

93.887.8

92.8

95. 3113.9

63.3117.463. 578.156.5

100.9

125.0

98.4

116.2

80.2139.096. 5

122. 871.750.4

105.099.5

102.9100.5

124.6139.7127. 5134.8286.4139.7138. 8107. 976.672.4

109.3113.491.082.786.581.092.162.9

US. 362.896.486.479.772.673.7

86.771.7

117.573.394.282.474.990.1

205356

107140

1,508

5, 4660)

366308

5.6

5.89

2.91.17

1.81.93

101.699.6

112.1

123. 6109. 6

68.3111.368.784.961.6

111.0

131.3

105. 7

129.2

89. 51G9. 6113.6154.180.356.6

121.2109.9113.3103. 9

133.3157.9134. 6140.0303.0130. 0136.6107. 776. 571.1

113.8125.6101.990.693. 588.098.763. 4

126. 267.4

103. 490.185.692.781.7

92.177.9

126.976.5

104.387.488.796. 2

178317 1

43130

1, 665

5, 629

289249

4.4

4.10

2.95.15

1.97. 83

101.6100.9

114.7

127.3118.6

67.1105.468.886.260.8

117.1

140.5

109. 6

139.1

91.3170.3115.4157. 078.954.3

121.0105. 6106.0102.4

133.1161. 5131.5137.9310.4125. 3136.9112.771.164.6

114.2124. 699.885.992.791.689.262.9

128.267.5

109.487.485.696.183.7

92.977.8

127.878.0

106.487.889.799.4

106222

1237

384

5,7460)

265235

4.1

2.84

3.46.12

2.65.69

103.7104.6

115.3

129.2117.0

67.2100.465.285.555.4

122.1

151.5

114.2

156.6

98.6148.8116. 5158.976.451.6

118.9124.1127.9102.8

133.4162.3130.5137.6314.0124.4134.1121.575.470.2

116.8122.5100. 589.991.689. 590.262.3

128.169.4

110.688.786.098.785.7

94.979.1

127.778.7

105. 789.3

i 90.1100.1

' 114r 208

2539

'238

6,0790)

221196

3.2

3.74

3.43.14

2.55.74

98.398.2

106. 2

119.3108.9

62.696. 958.874.651.1

119.1

155. 8

112. 4

161.8

95. 2121.7108. 7150. 366.943.4

113.1118. 3119.998.4

131.0159. 8128.5133. 5320. 4117.0131.1118.982.379.1

110. 0117. 694.185.687.584.887.552.9

124.266.9

104. 384.583.892.382.4

91.175.7

123.876.8

100.686. 284.494.7

' 137'•228

2836

'279

5,9200)

203184

3.1

2.98

3.56.16

2.67.73

97.896.7

100.9

110.2100.9

60.393.060.076.852.0

119.3

163.8

111.6

171.6

94.2113.0103.4136.465.339.6

108.3118.6119.1

'• 9 9 . 1

131. 4159. 7128.3134.4321.3115.5132.4110.982.680.2

108. 0116.988.380. 691.384.2

'99 .854.0

122.866.1

100.187.883.187.382.6

91.675.8

122. 174.4

100.086.781. S94.7

••134'229

21-41

'367

5,025(0

243218

4.3

2.94

3.46. 15

2.53.78

98.297.6

96.5

101.8104.7

59.599.661.077.753.3

121.5

167.9

113.8

175.7

95.7109.5104.8137.268.341.5

112.8124.3122.9

*• 99 . 0

132. 5159.3130.5135.8316.0117.1134.4111. 580.378.2

110. 0115. 1

' 8 8 . 379.0

' 89. 5' 7 8 . 5105. 758. 1

126.665.6

104.294.983.185.384.7

93.975.2

124.773.9

102. 289.280.796. 8

' 188'275

' 3 6' 4 9

' 423

5, 6820)

295259

4.6

3.05

3.66.13

2.69.84

96.397.2

94.9

98.6104.0

. 61.2101.061.474.255. 4

121.6

166.1

112. 7

183.1

95. 4116.0

' 103.1133.072.245.2

114.2122. 6121.2' 95. 4

133.4159. 6131.9136.9311. 1117.7134.3109. 570.766. 6

109. 7115:486. 578. 181.475. 288.758. 7

J27. 064. 6

104. 186. 581.883.788. 6

98.174.2

124.70.9

101.885. U

; 79.2' 96. 1

v 209v 310

J ;47* 70

p 650

5,724

350304

' 5 . 3

3. 36

3.78.13

2.78.87

' 9 6 . 3' 97. 5

97.1

' 103. 1' 101.9

' 6 1 . 7' 100. 9

' 63. 3' 74.8' 58. 3

122. 3

' 1(14. 0

' 114.3

' 193. 8

94.6' 126. 9' 103. 6' 134.2

' 74 6' 4 9 . 2

' 112.0' 116.6'111.1

94. 9

r 133. 6' 161.9' 136.3' 136.8

311.4' 121.5' 137.8'• 1J 0. 4

' 63. «' 58. 1113. 1

' 124.2'• 87. 2' 79. 9

77. 9'• 7:i 9' 8 1 . 0' 60. 7

127. 465. 6

LOS. 984. 5

' 80. 7' 85. 2

87. 1

97.074.8

' J 26. 370. 3

103.985. 0

' 79. 097.1

r Revised. v Preliminary. x Discontinued by original source.!Reviscd series. For data on factory pay rolls (U. S. Dept. of Labor), see footnote parked with a "f" on p. 'ib. For Wisconsin pay rolls, see footnote marked with a

" t" on p. 26. Other State and city pay-roll indexes revised beginning with the year specified: Philadelphia, 1932; Pittsburgh, 1928; Wilmington, 1930; Delaware, 1932; NewJersey, 1932; and Pennsylvania, 1932; data appear in table 12, p. 14, of the March 1940 issue.

28 SURVEY OF CUKREINT BUSINESS August 1940


1939

July j August temb'er I O c t o b e rNovem-

berDecem-

berJanu-ary

Febru-ary


1940

March April M ay

PAY ROLLS—Continued

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

Mining:Anthracite 1929=100.Bituminous coal do....Metalliferous do.. .Petroleum, crude, producing do._.Quarrying and nonmctallic do. . .

Public utilities:Electric light and power! do 1Street railways and busses! doTelephone and telegraph! do i

Services: IDyeing and cleaning doLaundries do 1Year-round hotels do

Trade:Retail, total! do__..

General merchandising! doLumber and building materials*....do

Wholesale do

WAGES

Factory average weekly earnings:National Industrial Conference Board (25

industries)! dollars.U.S. Department of Labor! do

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

cluding machinery debars _ _ |Blast furnaces, steel works, and rolling \

mills dollars.. |Hardware do. - jStructural and ornamental metal work i

dollars., jTin cans and other tinware do.._

Lumber and allied products doFurniture do___Lumber, sawmills do_..

Machinery, not including transportationequipment dollars

Agricultural implements (includingtract ors") d ollnrs _

Electrical machinery, apparatus, andsu pplies d ollars

Engines, turbines, water wheels, andwindmills dollars_ _

Foundry and machine-shop products jdollars. '

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

Brass, bronze, and copper productsdollars.

Stone, clay, and glass products do I-Brick, tile, and terracotta do .Glass do ..

Transportation equipment do -Automobiles do j -

Nondurable goods do IChemical, petroleum, and coal products

dollars.. >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


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) t dollars..

U. S. Department of Labor! doDurable goods do

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

Blast furnaces, steel works, and rollingmills dollars. .

Hardware do.. .Structural and ornamental metal work

dollars.-Tin cans and other tinware do

Lumber and allied products doFurniture doLumber, sawmills . do

40.674.0GO. 8.r8. 743.3

105.170. 098. 9

89. G92.381.S

84.488. G71.677.9

!

36.166.553. 8G2.541.7

64.548.561.940.9

1017095

207

101699f>

146

84.2 I86.9 |82.0 I

81.185.169.075.8

77.188.079.1

79.581.367. 675. 8

33. 874.653.062.042.9

102.269.8 I96.3 I

73.0 !85.9 ]

79.2 I

78.0 I78.6 !69.6 ;76.2 |

40. 180.2 |55.1 I60.842.7

102. 269.296.9

78.384.580. 4

80. 985.370. 578.0

52. 297.663.458. 845.6

102.071.297.2

77.383.9 |

83.288. 5

26. 6724. 17 |27.26 j

!

28.30 I25.21 |

28.13 i23.82 I19. 9519.9119. 21

27.97

28.85 |

28.42 !i

30.57

27. 7121.6325. 52

27. 3223. 9421. 2524. 8631.7331.9421.31

I29.23 j31.07 I28.62 I34.99 i24.38 i25. 13 i25.9628- 2518- 65 I17.28 j28. 10 !24. 13 |27. 8833. 0616. 5116.2017.4617.19

.721

. 642

.708

.756

.842

. 655

.721

.604

.504 j

.527 |

.484 i

26. 6423. 6426. 31

27.12 I23.38 I

27.42 |23. 1218.61 !19. 4717.08

27. 55

29. 20

28.05 j

30. 36

26. 9521.7125. 11

19. 5823 263L0631.5021. 25

28.85 !30.74 j28. 14 i33.91 I24.47 j24.6126.0528.5419.72 |18.74 |

23! 40 !28. 2233. 8416.4616.23 I17.14 |17.48

.721 ,

.637 !

.702

.759

.849

. 625

.722

. 605

.498

.528

.473

27.29 |

27*. 92 |

30.13 !26.10 |

28.74 |24.20 i20.14 !20.9018. 76

28.07

29.11

28. 50

27.58 i"4.72 i28.18

29.7729.85 !

27.6224. SC>19. 9520. 9518. 39

28.23

28.91

28. 71

31.01 ! 30.97

27.7822.38 I25.98

28.0024.2021.1725.4533. 7135.15 i21.58 ;

29.49 I31.48 I28.47 j34. 7624.8123. 9525. 49

19! 7818.7428. 0424. 6528. 5233. 7717.20 I16.63 I18.77 |17,43 I

.720

. 634

.699

.843

. 669

.726

.608

.502

.529

.481

27.86 i99 09 '•

26"! 69

29 1524. 0320. 5225. 4333. 2534, 4121. 54

28.7431.0828. 6534. 3824. 4924.1926. 0027.9918. 4517.0428.8925. 6428. 9334. 5516. 9116.7317.4017.44

. 638

.709

.761

.845

.721

.615

. 501

. 530

.479

28.24 |25.81 i

M7i;31.09 |

33.91 |27.13 I

28.87 j23.86 I20.80 I21.7219.45 j

!

29.20 !

29.92 j

29.24 |

32.48 !29. 2723.79 i28.58 i

I32. 2125. 9822. 5127.7133.8234.7522.02

29.32.29.3s!25.24!25.27

is!17.29.2730.35.17.17.

54 j5146770334656074204019M915821

18. 63

24! 646'13

42.09«. 363.959. 642.9

102. 569.496.4

70.8 |S2. 981,8

83. 692.470.779.0

28.4925. 7329.4!

30. 55

33.0827. 58

28. 5223. 7020. 6321. 6319.20

29.51

30.27

29. 34

33.46 |

29.43 !23.47 I28.26 j

31.3925. 2421.5827.0633. 2634,2522. 03

29. 4931.8628.7234. 9425. 4221. 8025. 9727.4518.2016.4629. 2626. 61?H. 9533. 6417.6817.6417.81 |17.50 '

! 715

.764 |

.848 !,. 676 !

.725 !

.610 j

. 502 I

! 4 S3 I

.767

.847

.685

.6.14

. 514

.536

.497

26. 684. 365. 069.239. 2

102. 469. 897.4

69. 983. 781.1

91.8125.869. 279.1

28.492G. 2630. 04

33.1927.44

28.7423. 8220.1821.8718.11

30. 25

29. 89

34. 49

30. 3522.7128. 67

31.6325.0121.1826. 7834. 5135. 8122.30

29. 6132. 0728. 7535. 2725. 8225. 4825. 8328. 5119.0917.6229. 5126. 1929. 5035.1117.7217. 5418. 2617. 4'

662.727

. 851

.680

.731

. 619

.513

. 544

.489

52. 587. 063. 658.429.6

101. 669.097.4

65.583.481.1

80.882.764.7

2S. 0925. 5128. 96

29. 07

31.2526. 01

27. 0523.4619. 1019.9517. 73

29.74

30. 91

29. 67

29. 2722. V2

30. 2823. 5819. 5226. 2033.2334. 2821.87

29.2231. 8228. 4434. 4226. 2425. 3225. 8427. 9419.8918.7828. 66

28.5433. 9617. 2617.0717.8516.52

. 766

.841

.670

. 730

.512 !

.538 !

.491 i

32. 987.064. 259.030. S

71.596.9

64. 483. 1

79.180.864 577. 1

27. 6125. 2028. 6(j

29. 692-1.65

22.8215?. C920.9118.19

29. 67

31.14

29. 53

34.09

28. 8922. 1926. 65

28.9623. 7]19. 3025. 8933. 4734. So21.73

29.3131.7928. 4334. 7826. 8325. 0025. 8426. 8819. 6118.5928. 3725. 4227.40,32 2917! 4816.9818.8616.2,

38.478. 3(53. 258. 434.1

102. 369. 598.1

72. 784. 181.8

8-2.085.965. 777.8

27.6125. 4628. 90

27.47

28. SH26.15

27. 3924.1519. 9121.1518.49

30.15

31.37

29. 98

34. 43

29. 3922.3026. 96

29. 0124. 0319.5526. 0234.3935.5321. 86

29.14--31.7228. 9334. 9626. 2625. 2526.1227. 2619. 2318.2028. 6725. 1727. 6631.9817.4516. 6219.5416.88

. 728

! 726

.704 I

.838 j

.671 ;

.732 I

'.513 I.539 i.491 !

.731

. 665

.728

.763

.838 I'.681 I

.735 |

.626 i

.515 j

.547 i

.492

' 72. 2r 63. 5r 59. 0' 38.1

103.3r 69. 2' 98. 7

' 79. (i' 85. 6

82.3r 85. 0<>8. 0

27. 6625. 3328. 92

28. 7326.13

28.421 24.2020. 0020. 7018.93

29. 97

31.43

29. 70

34.35

29.2722. 4626. 76

T 28. 7424. 4919.9726.4934.4035. 7821.49

28.99r 31.8329. 0235. 3426. 1225. 17

27. 7617. 0816.3028. 70

27! 98

16.7416.4017. 6317.07

. 734

. 665

. 729

f>f). 959. 042. 9

104.569. 398. 5

83.486.871.0

27. 6725.4328. 80

29. 8820. 14

28.1324.0420. 2220. 5919.43

30.11

31.42

30. 01

34. 2\

29. 2123. 0927. 02

29.24.20.26.32.33.21.

007965IS834772

29.7332.29.35.262526!27.17.15.2926.2S.

OS621497

64524326. 65. 385239

33. 88

16. "°16.16,18.

. 35

.97

.02

.838' . 6 8 5 S

j. 737 ;

r. 624 1.518 '. 546 ;

.497 !

,737. 669

.842

.692

.741

. 622

. 540

r Revised.*New series. Data not shown on p. 28 of the March 1940 issue for pay rolls of lumber and building material dealers will appear in a subsequent issue.!Revised series. For revisions in National Industrial Conference Board factory weekly and hourly earning?, see note marked with a " ! " on p. 26; for revisions in the

LT. S. Department of Labor data on the same subject, see note marked with a " ! " on p. 29. Tho indicated nonmanufacturing employment and pay-roll series have been revisedbeginning with 1929 except for the telephone and telegraph series for which revisions hocin in 1932: see table 19, p. 17, April 1940 Survey. Subsequent revisions in employ-ment on street railways and busses beginning 1932, superseding those shown in table 19, p. 17, of the April 1940 Survey, appear in table 27, p. 17, of the May 1940 issue



1940

June June July August

1939

bep-t ember October

Novem-ber

Decem-ber

1940

Janu-ary

Febru-ary March I April


M a y

WAGES—Continued

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

Durable goods—Continued:Machinery, not including transportation

equipment . dollars .Agricultural implements (including

tractors) dollarsElectrical machinery, apparatus, aud

supplies dollarsEngines, turbines, water wheels, and

windmills dollarsFoundry and machine-shop products j

dollars. JRadios and phonographs do.

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

dollars..Stone, clay, and glass products do

Brick, tile, and terra cotta . do..Glass.. do_ __

Transportation equipment doAutomobiles d«>

Nondurable eoods doChemical, petroleum, and coal products

dollars. _Chemicals. . . . _ doPaints and varnishes . d o _Petroleum 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. __ . . . do .Fabrics doWearing apparel Co

Tobacco manufactures doFactory average weekly earnings, by Sia<«•=.

Delaware. ] 923-2'- iOOIllinois... . 1925-27-100Massachusetts <ioNew Jersey IO'?1^ ''•)— inoNew York iw^ 27- i')0Pennsylvania l<)ri3--r)5- TOO"Wisconsint l& O- °7~-10'"i

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

Common labor _.dol. per hourSkilled labor do

Farm waees without board (qunif.-rlyHdol. per month..

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

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

East North Central. do...

Middle Atlantic doMountain doNew England doPacific do.Sout.h Atlantic _ _ doWest North Central doWest South Central do .

ALL PUBLIC RELIEF

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

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

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

Earnings of persons employed on Federalwork programs:

Civilian Conservation Corps mil. of doL.Work Projects Administration:

Operated by W. P. A.f do......Operated by other Federal agencies!

mil. of dol..National Youth Administration:

Student aid__ _. . . . . doWorkProjectsf do

Other Federal work and constructionprojectsf mil of dol

0.725

.780

.744

.782

. 716

. 583

'.M7. 538.711.895.933.590

.757

. 777

. 697

.972

. 643

. 622,6 iS. 691. 529. 50.-,. 770,618

76,"

( ) - i

<S^ ~U)-l <>

1 - -,

]OV ^

\')S {)

1 ! |,1

46. (53

54

4968

46. 39

.917

.173

.459

. 499

.471

93. 49*. 9

11? 0"">? S

101.0J02 7

1.41

.719

.41

.63

.51

.56

. 49

.65

.28

. 45

.37

305

4737

1

19

133

4

54

0. 724

.785

.743

.779

.715

. 672

. 715

. 646

.531

.716

. 886

.928

. 587

.704

. 985

. 639

. 613

.624

. f,S7

. 522! 498.772.616.772.956. 472. 460.496.476

88.292. 395.8

112 194.097.397 2

. 6841.44

36. 26

. 724

.43

.60

"7jo. 56.49.65.29,47.35

279

4836

1

19

120

3

3

511

0.721

.781

. 737

.778

.714

.576

.668

.710

. 646

.539

.714888

.935

.585

.766

.785

.707

.975

. 613

. 596624

.688

. 526

.502

. 768

.618

. 770

.956

.483

.460

. 523,472

82.494.695.6

113.395.4

103. 0101 7

.6851.44

. 714

.43

.61

.51

.57

.47

. 64

.30

.46

.37

277

4838

1

19!

108

3

4

54

0.722

. 740

.787

.715

,714.647. 540.718. 895. 934.583

. 741

.781

.704

.969

. 646

. 585

.620

. 686

. 532

. 508

.774

. 620768

. 959

. 482

. 461

.519

. 475

83.994. 596. 7

113 594.1

101.599 1

. 6851. 44

. 731

.43

.60

.53

. 58

.45

. 64

.30

.46

.37

258

4839

1

17

4

4

56

0. 721

.782

. 733

. 794

.718

.573

.691

. 757654

. 551

.730

.891

.922

.590

.738

.789

.712

.974

.646

. 608

.623

. 685

.532

.508

.773

.629

. 769

.961

.486

.464

.527

.474

90.398.296.6

119.796. 4

111.1107 6

.6851.44

36. 13

. 729

.43

.59

.51

. 57

.48

.64

.30

.47

.38

269

4839

1

19

98

4

9

4

53

0.723

.787

. 731

.799

.720

.583

.690

. 753.657. 556.734.886. 922. 599

.751

. 792

. 715

.972

.659

.625

.627

.684

.539

.514

.774

.627

.768

. 961

.493

.477

.525

.479

91.596.398.0

119.596.1

110.8107.9

.6851. 46

.739

.44

.59

.53

.56

.49

.66

. 32

.46

.38

272

4838

1

19

102

4

35

51

0.732

.793

.742

. 805

.727

. 590

.703

. 758

. 66)0

. 558

.737

.901

.940

. 605

.751

. 796

.714

.972

. 665

.633

. 633

.678

.537

.511

.783

.631

.776

.974

.497

.479

.533

.489

93.397.9

100.0120 097.7

111.9107 6

. 6851.46

.743

.42

.63

.56

.56

.48

.66

.32

.44

.38

274

4939

2

18

108

4

35

47

0. 735

.796

749

.804

.726

.595

.701

.749

.664

. 558

.746

.894

.934

.607

.756

.800

.7.18

.974

.676

.641635

.677

.534

.508

.783

.635

.776

.965

.499

.481

.534

.496

90.795.798.9

117 296.1

107. 8104.0

.6851.47

35.27

. 742

.41

.59

.57

.55

.50

.71

.32

.52

.39

271

5143

19

106

4

36

37

0. 737

.797

.753

.813

. 723

. 606

.696

.743

. 662

. 554

.738

. 896

.938

.608

756.803.719.975.674.639.631.680.537.514.783.638.777.964.505.484.544.491

92.195.895.9

116 495 4

105. ?.105.7

.6851.47

.751

.43

. 62

.59

.50

.72

. 3250

.39

274

5141

2

20

111

4

36

35

0.739

.797

.755

.807

.725

.614

.697

.748

. 664

. 553

.741

.900

.944

.610

.746

.800

.718

.971

.672

.041630

. 681

.541

.519

.789

. 637-.779.963. 505.482.543.490

95. 698.6

118 697.4

106.3106 5

. 6851.47

. 735

.41

.69

.59

.55

.53

.70

.32

.45

.39

T 281

5140

3

17

124

(0

36

35

0. 739

.801

756

.803

. 726

.611

.700

'. 749. 664. 551.739

902.945. 609

.742

.801

.717

.974672

. 643636

.689

. 543

.521' .793

. 637

. 779

. 960

. 495

.482

.519

.493

96. 395. 296. 7

118 795.1

105. 9100 8

. 0851.47

36.41

. 731

.42

. 66

.57

.58

.74

. 33

. 45

.38

' 279

38

' 3

18

120

3

' 4 0

0 741

.799

757

.797

.730

.606

.701

.750

.664

.551

.739

.902947

.615

.760

.802

.716

.975

. 673

. 647639

.688

.555

. 533

. 794

.638

.778

.968

.496

.484

.518

.497

95.797.6

120 496. 2

r 107.0108 4

. 6901.47

.45

.64

. 50

.53

.67

.33

. 45

.38

35

2

18

114

30

42

r Revised.• Less than $500,000.§ Construction wage rates as of July 1. 1940; common labor $0,707, skilled labor $1.48.• Beginning with January 1940, these series include cost of hospitalization and burial; the inclusion of these data has only a minor effect on the comparability of the series.t Revised series. For revisions in U. S. Department of Labor factory weekly and hourly earnings, and hours worked per week, see table 1, p. 17, of the January 1940 issue.

Farm wages revised beginning 19H: see table 53. p. IS, of the Novernbex 1939 issue. Data on all public relief revised beginning with January 1933: the historical record canbe obtained from the most recent Social Security Bulletin together with the issue for February 1940. The revised series differ from those previously published in that theyinclude, in addition to earnings of persons certified as in need of relief, the earnings of all other persons employed on work or construction projects financed in whole or in partfrom Federal funds. Wisconsin weekly earnings revised beginning January 1929; data not shown in the December 1939 Survey will appear in a subsequent issue.

1 Beginning March 1940, this item is included with projects "operated by the W. P. A."

SURVEY OF CURRENT BUSINESS August 1941)


1939 1940

June July August Sep-tember October

Novem-ber

FINANCE

BANKING

Acceptances and com'l paper outstanding:Bankers ' acceptances, total mil. of dol._ 200

Held by Federal Reserve banks:For own account do 0For foreign correspondents do 0

Held by group of accepting banks:Total do loo

Own bills do 112Purchased bills do 54

Held by others d o . . . . 40Commercial paper outstanding do 224

Agricultural loans outstanding of agencies su-pervised by the Fa rm Credit Adm. :

Grand total mil. of dol_. 3,059Farm mortgage loans, total do 2, 549

Federal land banks do 1,880Land Bank Commissioner do 009

Loans to cooperatives, total® do____ 81Banks for coooeratives incl. Central

Bank '_ mil. ofdol- . 62Agricultural Market ing Act revolving

fund mil. of dol.- 18Short-term credit, total do 625

Federal intermediate credit banks, loansto and discounts for:

"Regional agricultural credit corps.,prod, credit ass'ns, and banks for co-operatives^1 mil. of dol._ 190

Other financing institutions do ^ 40Production credit ass'ns do 200Regional agr. credit corps do ^8Emergency crop loans do 128Drought relief loans do 52

Joint Stock Land Banks in liquidation—do 55Bank debits, total (141 cities) do_.__ 31,900

New York City do 13,110Outside. New York Ci ty do..__ 18,850

Federal Reserve banks, condition, end of mo.:Assets (resources) total mil of doL_ 21,408

Reserve bank credit outstanding, totalmil. of dol . . 2,531

Bills bought do 0Bills discounted do 2United States securities do 2,460

Reserves, total do 18,120Gold certificates do 17,754

Liabilities, total do___. 21,408Deposits, total do 15,213

Member bank reserve balances, totalmil. o fdol . . 13,781

Excess reserves (estimated) do 6,857Federal Reserve notes in circulation, .do 5,190

Reserve ratio percent. 88.8Federal Reserve reporting member banks,

condition, Wednesday nearest end of month:Deposits:

Demand, adjusted mil. of doL . 20,510Time 1 do 5<321Domestic interbank do 8, 577

Investments, totali do 15,124IT. S. Government direct obligations do. 9,202Obligations fully guaranteed by U. S.

Government mil. of dol_. 2,405Other securities! do 3,517

Loans, total! do 8,462Commercial, industrial, and agricultural

loans! mil. of doL 4,438Open market paper __-do 301To brokers and dealers in securities - do 380Other loans for purchasing or carrying secu-

rities mil. ofdol... 471Real estate loans d o — 1,199Loans to banks do 40Other loans! do 1-633

Money and interest rates:Bank r a t e to customers:t

Tn New York City percent... 2.00In seven other northern and eastern cities

percent. _ 2.49In eleven southern and western cities

percent.. 3.38Bond vields (Moody's):

Aaal do . . . . 2.96Baa do . . . . 5.11

Discount rate (N. Y. F. R. Bank) do 1 - 00Federal land bank loans do | 4.00Federal intermediate credit bank loans, do 1.50Open market rates. N . Y. C :

Acceotances, prime, bankers doCall loans, renewal (N. Y. S. E.) doCommercial paper, pr ime (4-6 months)

percent ...Time loans, 90 days (N. Y. S. E.)____do__._!Treasury bills, 91 days (yield) do 1 -10Treasury notes, 3-5 years (yield) do ! • 76

00

1911226953

181

3,1582,6581, 941

71883

60

417

19040

18810

1255479

33, 98815,31218, 678

17,172

2,57915

2, 55113, 87413, 52417,17211, 701

10, 0184,1404,51185.6

17, 2205,2376,747

13, 8628, 423

2,1483,2918, 089

3. 833' 303648

5431, 161

511, 550

2.15

3.05

3.62

2.924.911.004.001.50

1.00

.03

.39

236

1196948

194

3,1482,6471,934

71385

62

22417

18941

18810

12554

30, 47712, 79417, 683

17, 348

2,48615

2,48814, 23013,87817, 34811, 952

10, 5074,5534,53086.3

17, 4625,2437,012

14, 0788,515

2,2413,3228,166

3,887313655

5261,168

741, 543

4.841.004.001.50

Me1.00

m.04.45

235

0

191128

44201

3,1342,6371,928

70884

61

22414

18842

18510

1245476

30, 61313,11817, 496

17, 823

2,44615

2,42614, 66114, 32117, 82312, 247

10,9184,7584, 63186.9

18, 0965, 2477,167

14, 2338,565

2,2863,3828,209

3,996317

5191,174

491, 546

2.934.851.004.001.50

M1.00

m.05

216

1771156239209

3,1092,6261,923704

65

22395

180381749

1215475

33, 66415,13818, 526

18, 602

2,87916

2,80415,01314, 67918, 60212, 953

11, 6555, 3524,72085.0

18, 3335, 2317, 66714, 0698,437

2,2323,4008,350

4,229316533

5101,180

351,547

2.04

3.31

3.255.001.004.001.50

M1.00

.141.07

221

1791116742

205

3,0852,6161, 916

69993

70

22376

17034

1638

1185373

32,71113, 63319, 029

18, 779

2,80106

2,73615,17814, 83818, 77912, 988

11,9735, 5534, 77385.5

18, 5565, 2497, 954

14, 2078,684

2, 2323,2918,621

4,310317603

5121,184

361,559

3.154.881.004.001. 50

M1.00

.05

.77 I

223

00

1721036951

214

3,0672, 6051,910

69595

73

21366

16533

1578

1165370

31, 67613, 04118, 636

18, 740

2, 65008

2, 55215, 29514, 97618, 74012, 865

11, 6285, 1604, 86286.3

18,972.. 5,232

7, 89414, 5038, 713

2,4083, 3828,656

4, 381312660

4991, 189

361,579

233

00

175105

7057

210

3,0572,5901, 905

691

21363

16533

1548

1155366

40, 01017, 63322, 386

19,027

2, 59307

2,48415, 52415, 20919, 02712, 941

11, 6535, 2094,95986.7

18, 5665, 2768,190

14, 4138,703

2,4123, 2988, 674

4,353315700

5011,188

501, 564

1.96

3.004. 851.004.001.50

Me1.00

m.05.64 i

3.32

2.944.921.004.001.50

1.00

m.04.51

229

00

1791116850 !

219

3, 0452, 5881, 900

68795

20362

16234

154g

1155263

34,71714.73919, 978

19, 223

2,50307

2,47715, 97515, 50119, 22313,422

12,1505 5594, 832

87.5

19,1995, 2578,029

14,0758,877

2,4143, 3848,499

4, 295321614

4851,183

541,547

2.884.861.004.001.50

M1.00

.01

.47

00

1881236545

226

3,0462, 5801, 897

684

20372

16535

1608

1175262

29, 48212,13817, 344

19, 497

2,54707

2, 47716, 18115,81319, 49713, 630

12, 3285, 6924,87287.5

19,4145, 2908, 085

14, 7408,851

2, 4213,4688,528

4, 324332609

4781,185

521,548

2.864.831.004.001.50

M«1.00

230

00

184121

6346

233

3, 0522, 58S

67891

20393

17636

1748

1235261

34, 73815, 20119, 537

19, 677

2,52904

2, 47516, 4511P>, 07619, 67713,815

12, 4235,82S4, 931

87. 8

19,1755, 3558. 424

14,6668, 848

2, 3803, 4388, 649

4,414337625

4761, 185

511,561

2. 03

3. 35

2.844.801.004. 001.50

/ - / »

.02

.46

00

178118

6145

239

3.0582, 5601,886

67488

67

19411

18538

1868

1275258

34,70915,51919,250

20, 042

2,51803

2,46716,80916,42820,04214,152

12,9196.1494.94188.0

19.0905,3058,460

14,8818,960

2 4273'4948,661

2.824.741.004.001.50

m.02

214

00

1711135843

234

3, 0572 5531,883

67183

64

18421

19138

1958

128

34. 19514,53019,659

20,585

2,5190

2, 47717,34016,99420.58514, 575

13,2376, 3855. 05788.4

20,2875,3128,431

15. 0499,081

2. 3993. 5698, 475

4,

1,

1.

409320620

47418752587

4,

1,

1.

307322478

4811894(591

2. 934.941.004. 001. f>0

• Less than $500,000. o"To avoid duplication, these loans are extRevised series. For data beginning 1928 see table 16, page 17,ISee note marked with a " ! " on p. 30 of the July 1939 issue.

eluded from the totals,of the March 1940 issue.

•Includes a small amount of Federal intermediate credit bank loans (direct) not shown separately.



1939


tember OctoberNovem-

berDecem-

berJanu-ary

Febru-ary

1940

March April M a y

FINANCE—Continued

BANKING-Continued

Savings deposits:Savings banks in New York State:

Amount due depositors mil. of doL.U. S. Postal Savings:

Balance to credit of depositors doBalance on deposit in banks do

COMMERCIAL FAILURESf

Grand total number .Commordal service, total doConstruction, total doManufacturing, total do

Chemicals and drugs doFoods doForest products do._-Fucls do___Iron and steel doLeather and leather products do_._Maehinery doPaper, printing, and publishing do___Stone. clay, glass, and products do. ._Textiies d o . . .Transportation equipment do__.Miseellaneous do. ._

Retail trade, total do_«_Wholesale trade, total do ._ .

Liabilities, grand total thous. of dol-Commercial service, total do__.Construction, total do_. .Manufacturing, total do_ _ .

Chemicals and drugs do.__Foods d o . . .Forest products do _ _ _Fuels do-_.Tron and steel do___Leather and leather products . . do__.Mach inery do. _ _Paper, printing, and publishing do.__Stone, clay, glass, and products do—.Textiles do__-Transportation equipment do.__Miscellaneous do___

Retail trade, total do___Wholesale trade, total do.__

LIFE INSURANCE

(Association of Life Insurance Presidents)

Assets, admitted, total:J mil. of doL.Mortgage loans, total do.

Farm doOther do-

Real estate holdings do.Policy loans and premium notes doBonds and stocks held (book value) total

mil. of doL.O-overnmcnt (domestic and foreign)._doPublic util i ty do__."Railroad d o . . . .Other do._-

Cash doOther admitted assets do_-_

Insurance written :(£>Policies and certificates, total number

thousands.Group . . do. . . .Industrial do__.Ordinary _ d o . . .

Value, to ta l - . - thous. of doLGroup „ doIndustrial . d o _ _ _Ordinary do__,

Premium collections, total d o . . .Annuities do__.Group . do.__fndustrial d o. _.Ordinary _.. d o

(Life Insurance Sales Research Bureau)]

Insurance written, ordinary, total thous. of dolNew England d o. _.Middle Atlantic d o . . .Fast North Central . . d o . . .West North Central do _South Atlantic. do ._ .East South Central do__.West South Central do._.Mountain do.. . .Pacific do_. .

Lapse rates. 1925-26=100.

5,670

1,29343

1,1144861

226

26698

13204

575

22666113

13, 7341,100

9845,039

901, 08850843415824631222693

1,018572294

5.2281, 383

5,514

1,262

1,1196652

209945135

141211156

45430687105

12, 581541

1,1594,789

1121,07922234131520437223685

1,20345575

4,3971, 695

23, 2754, 435

6643,7711, 7452, 585

13, 3586, 0573,1392,6991,463727425

841134461245

729, 749194. 223128,568406, 958268, 47225, 49611, 52861,255170,193

524, 92541,314142, 293116, 68953, 07851,13421,81140. 79114; 93542, 880

93

5,519

1,26858

1,153284024235816687

lfi248

571

38729114

14,999343382

6,90732

2,398217

1,01762

224787291277

1,19658

3485,2192,148

23, 3984,442659

3,7831,7472,573

13, 4286,0793,1632, 7021,484780428

68726

427234

506, 38023, 862118,218364, 300248, 07727, 71210,49755, 554

154, 314

462. 42336, 030

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

5,529

1,27156

1,1265152

2107

502019138173

52

696117

12, 637530790

4, 45360

1,70953840

34532371

29620

68421346

5,1751,689

23, 4894,460663

3,7971,7502,564

13, 4856,1233,2022, 7051, 455809421

942261431250

584, 59583, 901119.068381. 626244, 70623, 47211, 29254, 271155,671

479, 79434, 364

123, 012107,01951, 08048,48019, 72938, 83114, 84242, 437

5,557

1, 26755

1,04348511879

4420447

11167

374

24652105

10, 545522945

3,46513861144281628462169910543595435

4, 4431,169

23, 6084,472

6623,8101,7512, 557

13, 5536,1103,2592,6971,487837438

64224

417200

509, 89759, 401

115, 935334, 561234, 41818, 24811. 32059,970

144, 880

442, 59733, 493

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

5, 552

1, 27154

1,2344355

235144618310121228944435

772129

17, 464790

1,1296,959

1351,5001, 411

111274327

1, 455484172579134377

5,3783,208

23,7114,486

6623,8241,7532,547

13, 6876,0973,4012, 6971, 492800438

79051

484255

637, 67575,929135, 769425, 977238, 49220, 87910, 78157, 055149, 777

543,99143,136152, 548122, 88854, 33952, 59819,41340, 08814, 74344, 238

5,547

1,27554

4950

26311641649139291053441697125

13, 201587765

4,606132

1, 28616872

32196220185227565129

1, 2055,1562,087

23, 8154,499

6623.8371,7542,534

13, 7146,1813,3822,6841, 467823491

72441

455228

587, 49844, 027128,121415, 350247, 39723, 41210, 85452, 800160, 331

537,95141,938

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

1,27953

1,1535759

23993716616414247

633

40690108

13, 243760

1,0945,129

781,481

16730416226

859310279969168326

4,9401, 320

23,9174,528

6603,8681,7202,520

13,9066,3533,4282, 6421,483763480

72859

443225

646 550105. 030124,662416, 858355, 98350, 08213. 270

106, 662185, 969

567, 21239, 378

148, 888126, 84059, 04356,67224,22345, 99617, 34'48, 825

91

5,616

1,29050

1,23744692238521711111814556436789112

15,279614

1,5094,942

762,1422085

1052044033575595157

1,0005, 6172,597

24, 0424,533658

3,8751,7222,507

13,9286,3703,4492,6441,465890462

65932

400226

653,156134, 507113,111405, 538286, 93442,18515, 84863,512165,389

517, 62241, 323

151, 309121, 33947, 56048, 29417,82938, 47012,49639,002

5, 632

1, 29748

1,04248662047561746131119638126622102

13, 472575

1, 6554,939290

1,16742724930247548856112453214346

4,4401, 803

24,1304, 543659

3,8841,7202,496

13, 9866.3733, 4642, 6551. 494921464

69725439232

561, 63838,120125,226398, 202263, 07725, 56212, 45156, 154168,910

506, 21239, 633144,717120, 47346, 66147,16417,65736.141.] 2, 76141,005

5,676

1, 30148

1,19755632161249284JlR819736628740123

11,681752668

4,3363429116591074772425426793620190374

4, 5851, 340

24, 2404, 552661

3,8911,7112,484

14, 0356, 3963,4812. 6591,499083475

77020483262

616,08537, 556138, 545439, 084277, 43927, 248] 2, 96062, 337174,894

567, 87243.149159, 172132. 72853, 07053, 05421, 96942, 66514, 73017, 335

5, 660

1,30345

1,291727826167022.101467311252427766114

16, 247911

1, 5476, 925

331,71853542630717592

1,318639587251844

5,1981,666

24,3394, 555661

3,8941,7182,472

14, 2186, 5293. 5042, 6681, 517906470

76630472263

624.77039, 800135,852449. 118268,86624, 97112.23969, 543162,113

574,45343, 976158.874132,45454,29357, 78420,75242, 8251 .r>, 75447, 741

5, 644

1,29844

1,2384670263165131510131427

52336739120

13, 068570

1, 2014, 58812283273919443219421427876

82087600

5,0631,646

24, 4204, 573' 6623,9111,7162, 467

14,3256,5173, 5092,7171, 582

,875464

79342494256

626,35744, 869141,921439, 567266,43024, 75012,.r>8:?57, 2f>2

171, 84f

571,62.r

42,416157, 222131,23058, 86455, 89721,85741,55015,15447, 43.r

r Revised.f Revised series. Data for insurance written, ordinary (Life Insurance Sales Research Bureau) revised for the period 1936-38 to include a small amount of intermediate

Insurance omitted from the original compilation; revised data not shown on p. 31 of the November 1939 Survey will appear in a subsequent issue. Data beginning 1939 forcommercial failures are now presented on a new basis and include voluntary discontinuances with loss to creditors and small concerns forced out of business with insufficientassets to cover all claims, in addition to failures included in the former series. For the year 1939 the number of failures was 14,768 with liabilities of $182,520,000, on the newbasis; on the old basis, the number was 11,408 and the amount $168,204,000. Practically all the additions were small concerns with liabilities under $25,000 and a majority ofthese had liabilities of less than $5,000. Distribution of the increase among the five main industry groups was fairly uniform. Data for the full year 1939 appear on p. 31 ofthe March 1940 Survey.

t37 companies having 82 percent of total assets of all United States legal reserve companies.040 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.



1939

June July August ! •eptem-ber ! October | Novem-

I ber

FINANCE—Continued

Decem-ber

Janu-ary

1940


MONETARY STATISTICS

Foreign exchange rates:Argentina dol. per paper peso_.Belgium dol. per belga...Brazil, official dol. per niilreis.,British India dol. per rupee..Canada dol. per Canadian dol...Chile dol. per peso_.France dol. per franc..Germany dol. per reichsmark..Italy dol. per lira..Japan dol. per yen..Netherlands dol. per guilder..Spain dol. per peseta..Sweden dol. per krona_.United Kingdom dol. per £_.Uruguay dol. per peso..

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

Net release from earmark^..-thous. of doL.Exports doImports do

Production:Union of South Africa, total...fine ounces..

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 (168 cos.)t

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

(17 cos.) mil. of dol_.Metals and mining (13 cos.) doPetroleum (13 cos.).__ doSteel (11 cos.) doMiscellaneous (55 cos.) do

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

mil. of doL.Interstate Commerce Commission:

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 1) • t doUtilities (13 cos.) do. . .

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

Public issues:Interest bearing* doNoninterest bearing* do

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

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

Amount outstanding by agencies, totalmil. of dol...

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

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

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

Receipts, totalf do. . .Customs doInternal revenue do

Income taxes doSocial security taxes* do

0. 298

. 001

.301

. 801

.052«. 020. 400. 050.234

\ 091. 238

3. 002'. 058

19, 500

437, 2341, 239

1,104,224

231,480

SS44 673"348

37, (•02'.91

5. 52Si. 269

2*, 03411 090

1,009,774883, 092

3 425135, 89447, 363

784,21828. 10!

697. 009401.874

10,103

0.312.170.061. 349.998. 052.026.401.053.273. 532. 110. 2414.682.616

16, 028

0.312 I

l.349.998.052. 026.401.053.273.533.110.241

4. 081.616

16,182

102,596 -166,21219 9

2 0.311 !.170 j.061 !.344 !.995. 052. 026.399.053.269. 535.110.240

4.611.607

(2)0.170. 001.299. 913052. 023.399. 051.235. 532.105. 238

3. 995

-0.298.107. 001.303.893.052.023.401. 050. 235. 531.101.238

4.011

16,390 i 16,823 i 17.002

152,12513

240,450 278,645 | 259,934

2, 83615

326, 089

79, 51615

69. 740

0.298. 165. OGl.301.878. 052.022.401. 050, 234.531. 100. 238

3. 9253. 658

0.298 I 0. 298.168.061.301.880.052.022.401. 050234*. 532.100.238;. 964.658

.166

. 061

.300

.876

.052

.022

.401

.050

.234

.531

.100,2381.930.658

17,217 I 17,518 17,804

90,873 -200.811 40,03410 ' 11 22

167,991 451,183 236.413

1,058,989 jl.084,334 j 1,099,816 (1,080,474 11,098,842 j 1,102,862 11,100,958977,752 I 998.800 |l,015,043 \ 997,012 |l.014,593 1,013,049 !l,010,690201,111 281,317 282, 130 j 302^806 ! 421,796 I 274,843 2418796,966 7,051 7,098 | 7,249 I 7,328 7,413 7,009

303 04014, 770 5, 531. 420 .349

26,122 21,8781, 760 2, 099

10, 274 8, 0045, 493 3, 200

937 1 1,292 i 1,773 j4, 365.300

22.522

4,935316

158. 064. 026.420.3

5.4

7.67.4

6, 348250

4,039 | 7,208.370 ! .357

23,034 i 24,4202.703 2,679 I 2,9130.971 6,857 I 7,9314,226 5,145 j 4,874

4, 180489

5. 461530

3, 589715

4874, 183.348

22,1931,8986, n395,113

4, 038756

24.260.4

62.069.8

14.432.509 o

7.03.311.922. 128.' 000.1

46.8

8873, 795.350

22,4941,9206, 2105,716

3, 533736

296.291.7

0.298.169.061.302.807.052.022.401.050.234.531.100.238

3.963.658

18, 061

36, 95453

201. 475

1,136,497 il, 102,1321,041.775 11,010,002257.116 ! 179.559

7, 443 7, 426

4525,799.348

"23,4521,6538,1284,852

2984, 070.348

22, 0881.6906; 7855,611

2,469 j 2,295513 575

23' 2

10.7

0. 298.170.001.302.829.052.021.401.050

'. 531.098.238

3. 759.658

18, 310

-213, 44718

459, 845

259, 4237, 488

0575, 724.348

21.8571,7865, 7235, 744

2,447

0. 298. 109. 001.302. 842.052. 020.401.050.234. 531.091.237

3. 526. 658

18, 008

67, 10233

249, 885

240. 003

5945, 170. 348

0,120

1, 385

246. 392. 637. 117.1

6.2 !16.3.M.I. U j .

57.7 .44.'61.8

57.7 I

66.6

114.957. 062. 1

03. .34.2 !no. 7

d 26. 9118.1

40, 445

36,122554

5, 4501, 3792.928820

126.1

114.5118.874.2

135.9

40,066

36, 200548

3,918

5, 4801, 3792,958

820

40,890 j 40,861 I 41,040 41,310

36,261540

4, 091

5,583 i1,379 i2,858

820 I

36,282 I 36,421516 510

36,517499

4,063 I 4,109 j 4,295

I

5,455 ! 5,4481,279 I 1,2792.830 I 2,823

820 I 820

5. 7071, 2692.8171, 096

972,569 807,325 1 822,049886,856 639.232 j 745,269

8,474 856 10.67956,004 167,103 66,10021,235 134 I 0

612,522 307,840 ] 419,98024. 517 25, 528 I 27, 213

568,646 i 300,091 ! 397,421351,958 ! 43.230 | 31.77716,252 I 72,754 1 97,447

793, 302 I 704, 458728,837 j 701,893

5,264 I50,150 !9,051 I

718,790 I35. 595 I

024,254 i329,093 \12.308 ]

691,632,

8.785 '53 000

779321. 511 I 406,32,418 I 29.292.241 !35.48208. 578

53,

339.33,113,

41,961

37,234490

4,23!

5, 7031, 2092.8131. 096

42,128

37, 364509

4, 256

5,6991,269 I2.809 I1,096

42, 375

37, 493526

4, 350

5, 6731,2692, 783I, 096

9.04.515.935.135. 062.5

62.1

d 12.8

p 92 7> 102! 5

» 147.

CO(

CO

42,559 I 12,658

37, 531 I 37 020557 541

4,471

329 j 712,994 I 608,376858 1 713,225 054,170

58,9,

509,

498'310,11,

000013136814993280110

889,822" - 5 4 3 I ^3,979

- 5 . 000790 j

314,549 !35.788 I

300,304 ;45,634

3, 81210, 000

394443, 83025. 651

385, 01270. 309

89,645 ' 147.282

5, 0031, 2092, 7701,090

1,006,372815, 903

5, 633134,81749, 958

934, 20828, 702

801,168650,12715,076

1, 2092,7031,090

792, 288756, 975

5, 9S820. 000

0. 298b. 107. 000.301.810. 052.019. 400. 050.234

*>. 531. 091.238

3. :>74. 058

IS, 974

r-36, 0523. 503

438,095

233,9017,017

1774, 5«9

. 349

5,810

1. 870

42. SO*

37, f>6«

1, 2092, 0411, 090

04 S. 814042, 330

3, 5002. 010

304, 203 i 399. 59S20. 479 I 20, 251

204. 052 ! 343. 0034,<730 I 30,33077, 320 I 112, 731

'Revised. d Deficit. » Preliminary. 1 Or increase in earmarked gold (—) • Number of companies included varies slightly.6 Average for May 1-9. r Quotations not available. <•• Average for Tune 1-15.3 Quotations not available, Aneust 26-Octobor 10. 1939. 3 Quotations not available September 1 through November 28, 1939. 4 Indexes are in the process of revision.•New series. New items for Federal gross debt beginning June 1916 appear in table 21, p 10, and for Federal expenditures beginning July 1931 in table 22, p. 17, of the

April 1939 Survey. Data on receipts from social security taxes beginning June 1930 will appear in a subsequent issue.fRevised series. The Standard Statistics Co. index of railroad earnings and the combined index have been revised beginning 1932; see table 25, p. 18, of the April 1939

Survey. Total Federal expenditures and receipts revised beginning July 1931; see rabies 22 and 23, p. 17. of the April 1939 Survey. For revised data beginning 1928 for theFederal Reserve Bank of New York corporation profits, industrial torn1, and chemicals, see table 9, p. 12, oi the March 1940 issue.

§Revised series. Data revised for 1937; see table 19, p. 14, of the April 1939 Survey.cflncluded in the total but not shown separately are guaranteed debentures of certain other Federal agencies,^'General" and "recovery and relief" not reported separately in Daily Treasury Statement since June 1939.



1940

June

1939


berDecem-

ber

1940

Janu-ary


FINANCE—Continued

PUBLIC FINANCE (FEDEEAL)-Con.Receipts, total—Continued.

Internal revenue—Continued.Taxes from:

Admissions to theaters, etcthous. 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 doHome 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-do.._.Bonds, notes, and debentures:

Guaranteed by the U. S._ do....Other do....

Other liabilities including reserves do....Privately owned interests doProprietary interests of the U.S. Government

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

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

Section 5 as amended, total,__ __doBanks and trust companies, including

receivers thous. of dol_.Building and loan associations doInsurance companies do.Mortgage loan companies do.Railroads, including receivers _doAll other under Section 5 _do.__

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

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

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

Financing of agricultural commoditiesand livestock thous. of dol._

Direct loans to business (including partici-pations) thous. of doL.

Total Bank Conservation Act, as amendedthous. of doL.

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

CAPITAL FLOTATIONS

New Security Registrations

(Securities and Exchange Commission)

New securities effectively registered under theSecurities Act of 1933, total...thous. of doL.

Registered for account of others doRegistered for account of issuers,totalf-.do

Not proposed for salef . .do. __Proposed for sale:

Issuing and distributing expense:Compensation to underwriters, etc.

thous. of doL.Other do

Net proceeds to be used for:Total do

New moneyif doPurchase of:

Securities for investment doSecurities for affiliation doOther assets do

Repayment of bonds and notes, doRepayment of other debt doRetirement of preferred stock-.doOrganization expensef--. doMiscellaneous! ..do

1,6461,833

617

1,635, 255720,085

87, 7614,3472, 331

145,951475,856

3,839

20, 487

19,915

4'

525

130,732574, 558

83,596105, 797

76,882418

76,46420,225

1,959358

53, 9234,293

9,030279

038,155

82,139

018

1,491735258

11,7068,465

1,311493

2,331

3,438892

853481708

1,1997,651

5,4711,389

791

3,668

1,747,482 1,766,222 1,768,904677,933

104,3873,3212,817

124,550439,199

3,658

63,682

39,441

23,480

760

116,639577,49883,042

228, 688

275,41013,549

261,8618,950

6,6781,621

244,61131,085

11,75619432

187, 6485,047

1009

8,741

1,534813292

11,8238,861

1,299493

2,332

3,7311,007

871483709900

7,507

5,2911,349

867390

3,S

677,463

103,4053,2622,787

125, 573438,863

3,573

62,152

40,108

21,290

754

121,364570,65483,333

251, 256

232.7121,999

230.71342,631

5,006942

182,13421,846

19,058898

0122,061

13,6974,562

013

1,5131,124

402

12,0178,900

1,272492

2,337

3,7651,033

876531704

1,0087,886

5,4,891,3451,052

391

3,739

677,408

102,1213,4052,662

126,842438,837

3,541

61,577

40,835

19,989

752

122,859566,91983,433

256, 708

298,57111,870

286,7019,214

6,0311,249

270,20616,039

2,495123110

217,8181,8072,417

129, 396

1,8521,210

590

11,9678,923

1,272492

2,347

3,7441("

879535

7,768

5,3561,3571,054

393

3,806

1,783,404 1,787,434677,916

101,1873,4872,652

127,647438,835

4,109

62,209

41, 586

19,871

752

125,753566, 53483, 502

267, 490

35,1811,448

33,7338,917

2,053128

22,6353,570

11,914148

1,5864,789

60900

19

1,7282,806

467

12,1058,956

1,273489

2,363

3,7381,093

879542689

1,0397,845

5,4491,3571,039

395

679,064

102,1263,4332,615

130,167436, 650

4,073

62,801

42,679

19,371

751

126,862564,55683, 482

270, 669

30, 6363,578

27,05913, 550

1,247202

12,0606,492

2,6320

2351,4281,223

4342

2,1181,275

578

12,0638,936

1,247497

2,358

3,7211,112

874543678

1,0338,064

5,7081,3521,004

397

3,602

1, 762,094689,603

100,7733,3752,571

134,432444, 314

4,138

43, 478

42, 664

63

751

130,026

541,42383, 750

273,814

114,924855

114,0691,916

4,092654

107,4074,922

37,518379

053, 9707,3843,214

15

1,9751,012

744

12,0628,951

1,260500

2,365

3,7261,100

549661

1,0138,048

5,7041,348

995397

3,617

1. 756,354697,205

100,0073,3422,506

138, 595448, 792

3,963

39,113

38,258

105

751

130,625

539,93683,998

265,476

158,4703,640

154,8305,288

3,4141,190

144,9388,480

0200190

126,2086,4613,391()

1,4871,087

678

12,0648,920

1,232504

2,376

3,7091,100

900553652

1,0388,059

5,7001,3401,019

398

3,607

1,742,729703,038

96,4773,5062,478

142,464454,194

3,919

39,030

38,232

47

751

130,377

535,37683,814

251,094

145,1821,300

143,88241, 507

4,027701

97, 64617,133

2,370250

73, 5314,558

02

27

1,8531,043

633

12,0788,888

1,196509

2,365

3,7001,118

895552644

1,1008,053

5,6751,3211,057

400

4,025

1,767,262706,458

94,8723,6472,457

142,876458,841

3,765

39,024

38,230

47

747

131,919

554,24083,874

251,747

247,0021,088

245,91414, 601

5,5471,454

224,31217,125

10,83200

180,6305,420

10, 249<•)

57

2,391784446

12,1168,914

1,180517

2,377

3,6991,140

895555629

1,1238,052

5,6641,3231,065

401

3,663

1,771,698 1,767,143715, 979

93,1283,4802,433

145, 436467, 887

3,615

38,664

37, 870

47

747

130, 704

550,09183,966

252, 294

64,4795,752

58, 72711, 798

2,091457

44, 38111, 291

10, 2320

1,3848,454

64012, 248

0132

2,001948300

12,1768,930

1,198521

2,347

3,7051,160

891558610

1,1878,053

5,6571,3271,069

403

3,719

718,030

90,6133,6372,389

146, 243471, 747

3,401

39, 262

38, 540

47

675

130,466

552,13483, 723

243,528

216,61425, 382

182,47958,167

4,6321,042

127, 39143,363

3,94300

53, 6137,818

18,42528

201

1,7911,593

333

12,0858,922

3,170515

2, 355

3,7001,183

893559608

1,1037,912

5,5351,3371,039

404

3,770

1,614,836712, 328

89,0084,1382.354

146,846466,093

3,889

40,682

40,010

47

625

130, 566

548, 66983,74098, 851

99, 7392,469

97, 2700

3,126511

93, 6328,252

2, 55600

76, 6216,105

9900

a Less than $500.'New series. Data for drainage, levee, irrigation, and similar districts beginning December 1933 will appear in a subsequent issue of the Survey; this series was formerly

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

Department compilations and are not comparable with the series shown in the 1938 Supplement. Several new series on loans and other assets have been brought out. Nochanges have been made in the series on liabilities. Data not shown on p. 33 of the November 1938 Survey will appear in a subsequent issue. For Reconstruction FinanceCorporation loans outstanding, minor revisions beginning August 1934 not shown on p. 33 of the January 1940 Survey will appear in a subsequent issue. For indicated itemson new securities effectively registered, revised data not shown in the March 1940 Survey will appear in a subsequent issue.

^Includes plant and equipment, working capital, reimbursement of corporate treasuries for capital expenditures and "other" new money purposes.

34 SUKVEY OF CURRENT BUSINESS August 1940


1940

June

1939


berDecem-

ber

1940

Janu-ary


FINANCE—Continued

CAPITAL FLOTATIONS—Con.

New Security Registrations— Con.

(Securities and Exchange Commission)

Estimated gross proceeds (total r e g i s t r a -tions, less securities r e s e r v e d forconversion), total _thous. of doL.

Type of security:Common stock doPreferred stock doCertificates of participation, etc doSecured bonds doDebentures 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

Securities Issued

(Commercial and Financial Chronicle)]

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

New capital, total __ ...doDomestic, total ..do

Corporate, total _ .doBonds and notes:

Long term doShort term do

Preferred stocks doCommon stocks do

Farm loan and other Government agenciesthous. of doL.

Municipal, States, etc doForeign, total do

Corporate doGovernment ._ ..doUnited States possessions do

Refunding, total doDomestic, total do

Corporate, total doBonds and notes:

Long term.. . doShort term do

Preferred stocks _ doCommon stocks do

Farm loan and other Governmentagencies thous. of dol.-J

Municipal, States, etc.. ...doForeign, total _do I

Corporate... ...doGovernment doUnited States possessions do i

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

New capital, total do___.Industrial doInvestment trusts, trading, and holding

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

Refunding, total doIndustrial doInvestment trusts, trading, and holding

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

(Bond Buyer)

State and municipal issues:Permanent (long term) thous. of doL.Temporary (short term) do

COMMODITY MARKETS

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

SECURITY MARKETS

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

Customers' debit balances (net) mil. of doL._Cash on hand and in banks doMoney borrowed doCustomers' free credit balances. .do

76, 882

6,7992, 2549,68558,144

0

5, 7269,8354,337

54, 7002,210

226, 45781,86181,8619,339

6,87591065

1,489

2, 25070, 272

0000

144, 596144, 596102, 276

96, 9475,000

0329

28,87013,450

0000

111,6169,3392,826

00

3,7852,000728

102, 2782,500

0427

94,0205,000329

53, 79775,507

43270

653223376

271, 720

29, 30712, 67510, 586144,87274, 279

12, 29093,09721,9413,921

124,97115, 500

'586,583'274,350'265,100'31,241

' 22,128450

5, 5793,084

0233, 8599,250

09, 250

0312,234312,234251,798

249,4630

2,3360

20, 95039, 486

0000

•283,039'31,24112,198

00

r 13, 6662,7002,677

251, 79879, 810

0830

160,1859,4381,536

206, 42265, 820

556133

834178570230

227, 545 293, 650

16, 38548, 30510,75939, 675112,421

70288,94224,16228, 834

82, 9141,992

590,411• 317,765317,765' 49, 703

' 40,4430

4,908'4,352

18, 74911, 628

0163,101100,172

2,74733,4403,8944,548

217,14931,870

460, 667112,03182, 03125,895

21,4031,4602,0101,021

202,553' 65, 508

0000

272,646 I 348,636272,646 332,136180,671 300,963

056,13730,000

030,000

0

133,8189,00037,852

0

74, 05017, 925

0000

230,374' 49,703

0' 1, 236r 25, 94512, 435

288180,67196,124

051

' 81,0200

3,475

133, 32462,150

183

183589238

291, 677500

8,73056

18, 250]2,92316,50016, 500

00

343, 35725, 89517, 045

500250

1, 930400

5, 770317, 46320,123

02, 505

250, 8357,000

37,000

80, 673154, 809

637151

792202556235

26,888

12,1721,936800

10, 3801,600

1,5823,48519, 444

380

01,997

180,01841,66941, 66916, 019

14,3200

5001,199

9,95015, 700

0000

138,348138,348r 79,195

r 25, 89553, 300

00

50,8508,303

0000

r 95, 21416,0191,099

0130125

13, 0651,600

' 79,195600

0230

' 23, 965700

53, 700

30, 55464, 931

716187

217520305

28,461

11,3172,2001,00013,444

500

1,5238, 8182,9271,750

11,1942,250

r 742,711' 338,340' 338,340' 20, 297

' 13, 8160

' 3,207' 3, 274

275,86642,177

0000

404,370' 402,870157,474

157,4310430

235, 09310, 3031,500

00

1,500

177, 771' 20, 297' 6, 057

0' 1111,5059,200

' 3, 424157,4743,443

6,250'729

147,05200

55, 06522,018

504104

894200577289

113,994

33,4433,39112, 64546,81517,700

09,929

40, 7767,823

54, 955511

i

218,420' 88, 920' 88, 920' 21, 640

' 15,4180

8165,406

067, 280

0000

129,500129,500' 90, 835

' 88, 2770

2, 5580

25,85012, 816

0000

112,475' 21, 640

7,658

0'7502,1859, 5251,523

' 90,83512,000

0' 1, 99576,840

00

88, 854207,413

417102

914195

272

153,367

8,0768,710

0125, 68110, 900

6,16023, 517

2241,401

119,1762,891

335,061' 98,421' 98, 421' 30, 528

' 21, 3730

3, 545' 5, 611

067, 893

0000

'236,640'236,640'195,817

189,3070

4,9001,610

18, 60022, 223

0000

226,345' 30, 52814, 088

0'32

5,5105,998

' 4, 900195,81715, 215

0'386

119,20060,0001,016

103,87164,025

1,054170

906207637266

143, 542

24, 30340, 679

047, 28931, 270

32326, 2934,9992,184

107,3002,444

286,809' 94, 251' 94,251' 35,405

' 19,4830

2,284' 13, 638

058, 846

0000

192,559192,559137,460

101,8980

35, 5620

28,80026, 299

0000

172,865«• 35, 405' 13, 913

00

' 18,18431

' 3, 277137,460

0

00

101, 36820, 49415, 598

'61,598160, 277

73194

198602262

240, 277

23, 30917, 209

536153, 52245, 700

2,375121, 45312, 28218, 504

85,413250

450, 801103, 959103, 95945, 404

32, 74610,0001,5901,069

80057, 755

0000

346, 842346,842210,842

196, 3700

14, 4720

21, 695114, 305

0000

256, 24645, 4045,249

1,000450

7,015960

30, 730210.842115, 000

0575

89, 8970

5,370

174,916118, 588

64950

893195616253

60, 474

19, 40919, 3668,22313, 477

0

1,95721, 56716, 7689,210

82410,150

240,633' 71, 213' 70,463' 30, 527

' 15,9570

3,70010,870

5,60034, 336

75000

750169,419169,419103,799

' 87, 0493,00013, 750

0

16, 94248, 678

0000

134,327r 30, 527

1,201

00

' 8, 4077,75013,169103,79924, 250

0780

' 32, 26935, 00011, 500

' 87, 371134,808

74335

186615247

205,155

38, 42484,5094,493

44, 21733,512

10,81961, 83914,374

705

99,739

14,1195,0392,3813,20075,000

4,86486,1122,7453,768

84,018 033,400 2,250

344,896117, 609117, 60953,925

31, 025100

15, 2537,547

5,50058,184

0000

227, 287227, 287192, 353

154,1910

37, 546617

17,35017, 584

0000

246, 27953, 92522, 598

3500

16,7678,1146,096

192, 35350, 943

01,000

41, 23682, 25216,923

250,144122, 111122, 11189, 287

79, 68000

9,607

3,00029,824

0000

128,033128, 03382, 660

82, 660000

25,15020, 223

0000

171, 94789, 2876,094

02800

19,40063, 51382, 66078,200

0r 2, 9601,500

00

'66,943 j '51,095122,245 j'224,706

901 I112 i

910192626252

921134

702239459251

' Revised.fRevised series. Data revised for 1937 and 1938: See table 26 on pp. 15 and 16 of the May 1939 Survey. Data also revised for 1939; revisions not shown above will appear

in a subsequent issue.

August 1940 SUEVEY OF CURRENT BUSINESS 35


1940

June

1939


berDecem-

ber

1940

Janu-ary


FINANCE—-Continued

SECURITY MARKETS—Continued

BondsPrices:

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

Domestic _do.Foreign. do..

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

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

U. S. Treasury bondst do..Sales (Securities and Exchange Commission):

Total on all registered exchanges:Market value tbous. of dol_.Face value . do

On New York Stock Exchange:Market value .doFace value do

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

Total..-. thous. of doL.U. S. Government do_Other than U. S. Government:

Total do.Domestic . do.Foreign do--..

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

Domestic issues do..Foreign issues do

Market value, all issues _ doDomestic issues _. .doForeign issues do

Yields:Bond Buyer:

Domestic municipals (20 bonds)._ percent __Moody's:

Domestic (120 bonds) doBy ratings:

Aaa (30 bonds) doAa (30 bonds) __ doA (30 bonds) doBaa (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 bondsf --do

Stocks

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

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

(600 cos.) _. . dollars._Banks (21) __ doIndustrials (492 cos.) .doInsurance (21 cos.) __ doPublic utilities (30 cos.) 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=100..Dow-Jones & Co., Inc. (65 stocks)

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

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

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

Industrials (350 stocks) .doCapital goods (107 stocks)* do_._.Consumer's goods (194 stocks)*...do __.

Public utilities (40 stocks) d o . . . .Rails (30 stocks) do

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

1926=100-.Sales (Securities and Exchange Commission):

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

90.1494.9339.09

78.584.798.752.0

114.6105.4

90, 317134,597

74, 484114,651

102, 6633,677

98, 9S681, 05817,928

52, 87948, 3474,532

47, 66645, 894

1,771

2.67

3.72

2.963.103.705.11

3.253.334.57

2.852.39

1, 690. 37936. 43

1.813.011.772.441.961.29

239, 426223, 372

16, 055

53.1

119. 4620.1524.6689.17

159. 6118.72

73.384.8

104.180.075.122.7

78.7

56025,451

92.0895.3457.79

81.486.2

101.656.2

118.6109.1

127, 703169, 641

91, 785129,260

126, 5706,821

119, 749102,189

17, 560

52, 75148,1664,585

48,57145,9212,649

2.66

3.71

2.923.133.864.91

3.233.424.47

2.632.13

382. 43935.03

1.483.011.372.891.94.90

220,175200, 69819,477

57.0

45.66136. 5223.6627.5996.95

173.1220.79

86.0100.5120.095.484.725.9

55.2

89.3

55621,916

93.1596.4658.46

81.686.3

102.156.4

118.3108.9

121,420162,425

87,837123,949

119,4315,137

114, 294100,622

13, 672

52,61048,0324,578

49,00746,3312,676

2.67

3.66

2.893.073.834.84

3.173.394.42

2.652.16

1,391. 46935.03

1.493.011.382.391.94.87

181,033167,16713,866

62.2

46.82139.2624.9628.2999.74

178.0321.45

86.1100.6120.996.284.925.7

55.0

89.8

77431,454

90.5994.0554.50

81.085.8

101.755.5

116.5108.2

122,908159,770

89,189121,165

111,3948,730

102, 66485,00117, 663

62,20947,6424,567

47,29744,8082,489

3.21

3.67

2.933.113.804.85

3.213.404.41

2.752.21

1,422.99935.03

1.523.011.422.391.94.90

310,284296,168

14,116

57.9

46.47137.8925.6827.6799.44

178.2120.68

86.3100.5121.596.987.025.4

54.0

88.2

76931,391

88.5092.4147.29

80.985.098.659.0

107.1101.9

417,429498,100

384, 237459, 821

480, 789227,101

253, 688227,99725,691

62,46647,9174,549

46,43144,2792,151

3.30

3.95

3.253.494.055.00

3.573.704.58

3.292.65

1,423.82935.03

1.523.011.422.391.95.90

193,698191,364

2,334

65.9

60.47150.7224.3631.97

110.38195.8624.91

92.4109.4138.198.384.329.7

58.7

87.6

2,20592,464

90.7994.5950.55

82.986.4

100.561.6

110.7102.6

162, 275229,653

131,901194,212

170,08914, 203

355,886134,81621,070

52,45247,9224,531

47, 62145, 3312,290

2.93

3.83

3.153.353.944.88

3.433.574.51

3.082.60

1,442. 45935.03

1.543.011.452.391.95.90

199,969192,915

7,053

65.8

51.80152.1525.8434.27

110.33194.8225.84

95.3112.7141.9101.686.032.9

69.9

90.7

1,18543,440

91.2495.0551.23

83.087.0

101.860.2

117.5104.6

135, 515193,891

105,994159, 374

151,6855,628

146, 057123,23022,827

52,43547,8694,566

47,83945,5002,339

2.72

3.70

3.003.163.784.85

3.253.414.44

2.692.46

1,573.05935.03

1.683.011.612.391.951.25

659, 512608,14951,362

63.2

51.01149.9825.6833.38

108. 59192. 2824.90

94.2110.9137.2102.087.331.6

58.7

91.9

84435,426

92.3396.0252.23

82.186.8

101.658.0

119.9106.1

125, 631206,047

98,662173,971

176,1004,322

171, 778146,19225,586

54,06749, 512

4, 55449,92047, 5412,379

2.59

3.69

2.943.143.744.92

3.213.384.47

2.562.35

1,589.37936.43

1.703.011.632.531.951.25

330,592311,99618,596

64.4

50.01148. 5425.0031.63

109.01194. 2123.82

91.8107.9133.8100.686.729.6

58.3

94.0

76731,446

92.0295.7052.00

82.487.3

101.858.2

120.2106.8

134,462208, 518

101,179166,112

144,9173,760

141,157120,90320, 254

53,98849,4404,54849, 67947, 3142,365

2.63

3.63

2.883.083.694.86

3.143.354.39

2.542.30

1, 597. 25936.43

1.713.011.632.641.951.26

231, 651215, 58816,064

63.0

49.72147.6025.4431.09107.40191. 7823.03

92.7108.8132.7102.588.429.6

59.3

95.3

77431,710

91.9795. 6851.58

82.287.3

101.657.8

119.1106.6

103, 351153,589

81,807127, 344

120,3842, 365

118,01909,17618,843

53,93749,4004,537

49,60547,2652,340

2.70

3.60

2.863.053.684.83

3.123.334.37

2.P02.32

1,618.60936.43

1.733.011.672.641.951.26

338,366323,20115,165

63.6

49.44147. 2924.8730.83

107. 83192. 6722.98

91.5107.3130.1102.287.628.7

59.3

96.4

58426,093

92.8696.5552.77

82.187.3

101.857.2

119. 7107.5

102,858163, 222

81, 857135, 832

135, 2393,285

131, 954110,84921,105

53, 85349, 3134,540

50,00647,6112,396

2.62

3.58

2.843.043.654.80

3.093.294.37

2.582.25

1, 631.30936.43

1.743.011.682.641.951.26

216, 350213,822

2,528

64.3

49.15147.1324.2630.45

107.66192. 7122.61

91.5107.5130.9102.787.128.9

59.2

94.5

63228,718

92.4896.5148.86

82.587.5101.758.2119.8107.6

135,784210,816

108,459176,998

165,1164,323

160, 793139, 54721, 246

53, 64649,1084, 538

49, 61247,3952,217

2.59

3.54

2.822.993.594.74

3.053.244.33

2.562.25

1, 643. 66936. 43

1.763.011.702.641.961.27

180, 341176, 6373,704

64.3

49.92148.9125.0931.00109.17195.1323.22

92.9109.2132.8104.487.829.1

58.9

94.3

1,13451,103

87.8792.4738.38

79.485.399.353.5115.3105.6

149,103219, 740

115, 226179, 936

176,1058,250

167, 855144,92422, 931

53, 41448, 8794,535

46, 93745,1971,740

3.00

3.65

2.933.083.654.94

3.203.304.46

2.812.38

1, 680. 36936.43

1.793.011.752.441.961.27

449, 981420, 27829, 703

50.2

43.48130. 7621.4526. 5295.20170. 9519.46

83.097.3118.192.780.625.4

52.0

83.8

1,43869,493

*New series. For data beginning 1926 see table 24, p . 18, of the April 1939 Survey,f R i s d d t f U S T bond i l i 1931

o g g 6 see table 24, p. 18, o t e April 193 Srvey.fRevised series. Revised data for U. S. Treasury bond prices legicmEg 1931, and U. S. Treasury bond yields beginning 1919, appear in tables 17 and 16, p. 18, of the

March 1939 Survey.

36 SUKVEY OF CURRENT BUSINESS August 1940


1940

June

1939


berDecem-

ber

1940

Janu-ary


FINANCE—Continued

SECURITY MARKETS—Continued

Stocks—Continued

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

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

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

Shares listed, 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) do .Industrials (125 stocks) doInsurance (10 stocks) . . . d oPublic 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 numberForeign do

Pennsylvania Railroad Co., total doForeign do

U. S. Steel Corporation, total doForeign doShares held by brokers percent of total..

48720,107

15, 573

38, 7751,450

5.74.85.94.55.75.7

5. 26

632, 3986 554

165,1932, 74527. 57

47316, 435

11,967

41,0051,429

4.44.54.14.25.74.1

4.87

642, 2937,104

212,3582,832

169,0793,28825.54

67725,016

18,066

44, 7621,430

4.14.43.84.05.23.5

4.88

66924,554

17,372

41, 6531,430

4.54.64.24.35.54.1

4.92

1,97075,192

57,081

47,4401,431

3.93.93.64.15.42.8

5.14

639,0197,003

211,0142,807

168,1763,28626.00

1,04535,029

23, 734

47,3741,431

4.04.03.74.05.33.0

5.09

72327, 516

19, 220

45, 5051,432

4.54.24.43.95.34.6

4.98

64923,175

17, 769

46,4681,435

4.54.24.34.15.34.5

4.95

636,8846,787

209,3462,752

164,8223,19128.03

65324,141

15,991

45, 6371,441

4.64.14.44.35.34.8

4.90

48819, 367

13,465

46,0581,441

4.64.04.54.35.34.7

4.90

52820, 568

16, 269

46, 6951,444

4.64.14.54.35.24.7

4.94

635, 2866 674

208, 7052,712

163 9723,02028.31

96537, 599

26, 696

46, 7691,446

4.64. 14.54.35.34.8

4.92

1,24354, 517

38, 969

36, 5471,447

6.15.26. 14.96.36.3

5.07

FOREIGN TRADE

INDEXESExports:

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

U. S. merchandise, unadjusted:Quantity do. . .Value-- 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. . .

E:Ixports of agricultural products, quantity:

Unadjusted .1910-14=100.Adjusted . . .do.

Total, excluding cotton:Unadjusted.. do.Adjusted do.

VALUE 5

Exports, inch reexports ..thous. of dol..By grand divisions and countries:

Africa doAsia and Oceania _ do

Japan _ ...doEurope do

France doGermany _ _ _ .doItaly ..doUnited Kingdom do

North America, northern doCanada .do

North America, southern doMexico do

South America doArgentina doBrazil _ _ doChile do . . . .

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

Crude materials ..doCotton, unmanufactured do

Foodstuffs, total doFoodstuffs, crude _ doFoodstuffs and beverages, mfrs—doFruits and preparations doMeats and fats.. doWheat and flour do

Manufactures, semi- doManufactures, finished.. ..do

Autos and parts doGasoline ..doMachinery... do.___

"General imports, total doBy grand divisions and countries:

Africa do. . . .Asia and Oceania doJapan do

92104

1369268

6568

1096459

350, 458

12, 32553, 75515, 421

144, 81347, 237

01, 603

77, 86867,67966, 79626,9246,536

44, 96114, 75910, 6414,244

344, 44433, 5898, 29517, 7586,480

11, 2782, 2091,7641,536

76. 310216, 78717, 6616, 33254, 496

211, 390

9,20972, 7208, 972

6270

1016362

55

1025655

236,058

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

36, 60440,45239,87423,3587,922

26, 5716,1135,1932,651

233,35925, 7136,15719, 5216,02613,4953,5234,9974,07948,462139,66420, 3879,45342,191178,953

4,46957,08011, 237

60

229, 628

10, 27043,86612, 55187, 78714,8945,4063,72133,45241,00840,07421,8505,565

24,8476,2686,2421,596

226,73729,6675,97019,7194,67115,0484,4235,2213,837

45,994131,35718,5207,628

43, 654168,925

4,49753,0408,716

72

1086762

5457

1025655

70

250,839

8,37643,36012,126113,95422, 2696,8683,02747,43443,16242, 33220,1204,60621,8674,6755,1351,818

248,148

11,86924,3298,38415,9457,1994,0365,465

53, 504133,81714, 8938,74643, 611175,756

5,70254, 33913,171

7672

1177665

5659

1126356

81

288,573

8,95950, 63219, 347121,30112,132

6074,83460,33953,16552,15629,1165,781

25, 4014,9425,9972,020

284,04166,84735, 66128,7867,477

21, 3099,0144,4344,27058,993129,41512, 4579,72840,143181,461

3,34160,51119,520

13187

6765

1166556

11182

72

332,079

10,38562, 78023,367127, 69012,555

396,30152,92462,84761, 71533,1028,57932,9606,9898,6092,667

323,16878,44947, 25437, 76010, 21327, 54713,7774,8763,604

64, 537142,42218,9009,256

42, 316215,281

5,22964,19720,438

7767

1167767

7373

1196757

292,582

8,99758,57725,243104, 39913,239

36,02931,48552,11351, 26229, 5108,700

9,88710,6083,625

286,89158, 31830,56322, 656

17, 2705,7384,0573,07863, 200142, 71619,8707,52438,637235,402

9,03377, 69518, 985

140

7677

1277358

367,819

11,34278,12027,556157,34036,645

18,62350,39544,47743,87832,3119,92644,22710, 79110,4833,908

357,45064,26443, 74124,3427,78416,5584,0995,1331,978

75,661193,18324,8269,63848,100246,903

9,95591,00518,915

9795

1389670

7574

1247359

118105

368,584

11,27676,06128,247172, 64038,508(•)8,30067,14342,28241, 64727,7588,04638,56610,1579,2163,259

82,19359,88427, 7057,25720,4484,3167,1542,259

75, 362173,83823, 7366,41244,173241,897

8,030100,10722,196

91100

1309170

6262

995960

104

346,779

10,78961,52015,193

165, 74139,277

49,59858,53443,67143,13128,0657,52236,9939,14710,1163,418

338,63961,11344,28331, 2228,75222,4705,5546,8893,34071,355174,95023,8355,534

45,235199,775

10,48165,7897,998

92

1329370

6760

1066561

352, 272

11, 72759, 29917,800

160,05042,034

4410,08351, 89049,70048, 85529,1678,39442,32810, 82110, 3684,354

344, 55946, 75226, 58325, 8818,02617, 8554,0873,2405,75273,508

198, 41829, 3265,387

59, 726216, 732

11,32276,0419,335

1238569

6661

1056461

324, 008

13, 94453, 22015, 271

140, 24045, 990

359,24053, 33955, 13654, 37325, 2496,624

36, 2198,32610, 3603,066

316, 52040, 88621, 08622, 0586,31415, 7443,9272,7623,38165, 810187, 76619, 4935,364

62, 864212, 240

7,95877, 8838,760

91

1248569

6564

1066460

3947

4345

325, 306

12, 54557, 89813, 721

124, 52739, 350

7013, 23449, 82262, 73861, 87727, 2657,472

40, 33210, 77010, 3843,694

318, 05140, 27713, 52614, 9654,00510, 9601,6082, 0561,993

74, 490188, 31921, 3376,110

58, 422211, 382

8,05270, 0579, 283

• Less than $500.§ Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.



1940

June

1939


berDecem-

ber

1940

Janu-ary


FOREIGN TRADE—Continued

VALUE § -Continued

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

Europe __.thous. of dol..France doGermany doItaly... do.. . .United Kingdom do

North America, northern doCanada do

North America, southern doMexico do

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

By economic classes (imports for consump-tion):

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

35, 8763,222

2514,053

15,42637, 80237,16428, 49110, 33027 2924,7437,5793,590

205, 39770,51123, 64231, 27545,14634, 823

46,0094,9033,3492,711

11,66426,96426,53319,2994,365

25,1323,9529,1602,468

178,40554,72522, 51827,72538, 63334,804

44,4965,1463,9752,264

11,08126,99325, 55718, 5303,627

21, 3703,2076,6571,822

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

48,1505,7083,7972,080

10,99026, 68125,97018,4903,534

22,3944,7878,2811,691

180,37960,96220, 77827, 60535,65135, 383

41, 5163,8511,8152,401

10,96734,23333,12519,6553,460

22,2063,8038,3511,813

199, 48367, 60619, 46538,41238, 27535, 725

53,8532,9941,5575,123

14,60540,42639,82722,029

4,37929, 548

5,05511,3903,728

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

60,3446,3132,6564,965

13, 57736,10934,83315,1665,352

37,0536,689

12,3956,629

214, 45475,38627,88121, 77748,61440, 795

57,3335,3033,3833,895

15, 71933, 21532,01217, 1115,912

38, 2858,363

10, 2157,879

232, 73886, 77025, 66529, 78655, 61934,898

52,0247,3131,5912,563

14,19130,16428,87720,002

5,95831,5709,6637,8712,480

234, 63495, 71424, 79323,31653,73237,079

38,0394,786

9242,6138,945

26,96326, 27923,2706,733

35,23410,8198,0674,593

189,82470,42023,83823,13842,86029,567

41,1605,170

3923,968

14, 97326, 40126,08926,9576,402

34,85010, 4668,1224,134

206, 71977, 88025, 63622, 81246, 59633, 794

40,8834,220

3574,953

12, 74830,47529, 77825,9936,652

29,0485,0847,0797,012

202, 97478,12525, 05224, 53942,44732, 810

38, 215.5,351

2314, 210

12,11536,91736,18025, 797

6,88932,344

5,0679, 282'6,143

203,70270,86626,09527, 21543, 33736,189

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Express Operations

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

Local Transit LinesFares, average, cash ratef-. cents..Passengers carried? thousands..Operating revenues thous. of doL.

Class I Steam RailwaysFreight-carloadings (Federal Reserve):

Combined index, unadjusted...1923-25 = 100..Coal doCoke doForest 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 doMerchandise, 1. c. 1.. doOre .. .doMiscellaneous ...do

Freight-carloadings (A. A. R . ) iTotal cars thousands..

Coal doCoke doForest products doGrains and grain products doLivestock ..doMerchandise, 1. c. 1 doOre doMiscellaneous do

Freight-car surplus, total doBox cars doCoal cars do

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

Freight doPassenger do

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

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

Waterway TrafficCanals:

Cape Cod thous. of short tons..New York State do. . . .Panama, total thous. of long tons._

In U. S. Vessels .. .do

7.8253755, 312

75698548733160170857581914574386010082

3,5356005017116452725326

1,4461265443

344, 813280,66035, 936

252, 46247,419

0)647

1,789

9,37469

7.8585760,63655,383

474289306110874676851409036616471

' 3,127M832815120250744209

' 1, 2601757965

321, 617255,763

241, 786r 39,167* 1,685

28, 465.9872,075

5862,437905

68

7.8585705, 58751,907

70645243111346111274697662438039625972

2,54942924118200445831679831667953

332, 436265,08641,269

241, 96249, 0126,578

29,824.9712,355

5382,318806

9,10563

7. 8585718,85252,699

7169574490376212575707869427537626774

2,6894762712617048615192

1,0341317034

344, 400276, 70739,821

247, 62254, 58610,053

31,389.9622,283

414687

2,385971

9,69662

7.8585740,88754, 561

8589784999576514992778582458845638582

3,8447404517121990780277

1,523703316

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

36,115.9412,097

434615

2,4461,034

9,56074

7.8585810,73159, 309

89969552876265

1609780879550874462

10886

3,375676

4615216584

640253

1,358683415

419, 717355,10433, 367

271, 538101, 61656, 521

40,066.951

1,866

513717

2,3861,037

9,52576

7.8585784,59057,174

8387

10050835064

105918280

10051884163

19189

3,04060147

14214867

616182

1,2361084735

368, 027310,434

29, 289256,17070, 34633,004

35,131.953

1,591

485709

2,4731,031

11,00774

7.8336825,90360,649

737910144753960298178719251874062116

3,262671591551716371655

1,37116058

345,247276, 27237,816

249,01360,95336,622

31,460.961

2,020

6610

2,4611,047

9,16780

7.8336811,787

58,950

7295

10641663858257478839047733962

11486

2,555643

5011511750

55438

9891265936

345,498283,10736,079

257,34145, 567

2,927

32,502.952

1,932

5660

2,3381,066

9,28176

7.8336767, 688

56, 545

68808843693359267173686544754061

10783

2,48757143

12112343

57139

9741786975

313,475257, 630

31, 945240,51932,618

d 10, 761

29, 655.947

1,709

4340

2,1241,022

9,58684

7. 8253823,16759, 974

6770734469316026746966704375396010577

3,123624451601635374151

1,28418870

327, 009266, 72133, 262248, 59436, 734d 4, 955

31,116.944

1,803

6310

2,2791,073

9,58875

7.8253798, 94557, 872

6763624470346042767075734379375910274

2,494444301291314559559

1,0621636766

321, 439265, 24629, 956

245, 81833, 822d 9, 261

29,903.9641,691

5720

2,0811,042

9, 83761

7. 8253813, 61559,139

71677047663460134

7873457438609677

2,7134703313412647597195

1, 1121546956

'343, 362284,63429, 742

252, 80347,077

(0665

2,3191, 358

••Revised. * Deficit. I Temporarily discontinued by reporting source.tRevised series. Data revised beginning August 1936; see footnote marked " t " on p. 45 of the July 1940 Survey.IData for June, September, December, 1939, and March and June 1940 are for 5 weeks; other months, 4 weeks.X For comparable monthly figures, January 1929-December 1936, see table 10, p. 15, of the March 1939 Survey; 1937 revisions are shown on p. 37 of the April 1939 Survey

and revised data for subsequent periods appear on p. 37 of the April 1940 issue.§ Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.


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

1940

June June July August

1939

Sep-tember October Novem-

berDecem-

ber

1940

Janu-ary

Febru-ary March

TRANSPORTATION AND COMMUNICATIONS—Continued

April Mav

TRANSPORTATION-Continued

Waterway Traffic—Continued

Canals—ContinuedSt. Lawrence ___thous. of short tons.Sault St. 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, U, S. ports thous. of net tons.

Foreign doUnited States do. . .

Travel

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

Hotels:Average 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 doEmigrants... doImmigrants _ .doPassports issued __do

National Parks:Visitors _ doAutomobiles do

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

COMMUNICATIONS

Telephone:Operating revenues.. thous. of dol..

Station revenues _ doTolls, message do

Operating expenses doNet operating income __doPhones in service, end of month..thousands..

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

Telegraph carriers, total doWestern Union Telegraph Co., revenues

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

Operating expenses. doOperating income ..doNet income do

1,05513, 455

0)1,913

469207

2, 6871.552

3.276295

2,926

1,1618,6222,2201,580

230145

1,6881,265

6,6674,9711,696

70,199179, 055824, 6307,183

3.346295

20, 88924,7883,1684,51221,013

471,624136, £76

769,8194,842

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

11, 72110,113

501774834

10,14288643

1,1199,5982,4061,659

242191

1,7041,400

7,0825,2801,802

72,918185, 643725, 9227,541

3.295784

29, 87242, 2463,1634,69410,393

916,175249,905

801, 5144,990

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

10,6769,189

451707780

10,028dll'951

1,28410, 5522,3291,713

234228

1,9491,411

7,2805,5511,729

75,145194,418933, 9657, 639

3.396193

44, 50138, 5732,9507,0067,444

875,682238, 296

764,7064,855

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

11,5839,887

542802893

10,146695

'222

1,21611,493

9861,564

279150

2,0771,355

6,3064,5371,769

75,800192, 544981,4627,442

3.3564

40, 29526,6562,3015,5181,843

433,014131,631

736, 3254,679

103,84365, 69629, 36167, 21022, 38618, 2C3

14,11711,079

9001,4171,62210,5482,6831,877

1,21512, 3531,3731,748

320181

2,4571,443

5,9744,2851,G89

77,468194, 216948, 5017,626

3.396793

19, 70010,0331,9965,4921,759

247,14974,366

696,1864,467

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

12,3509,995

1,0921,26310,1471,413503

1,07310, 4380)1,535

303192

2,4941,427

G, 0714,1961,875

67,031171, 557844,4137,408

3.4461

10,1297,9841,6075,8611,641

83,96627,081

562,0473,704

103, 40368, 39426, 26570,05219,40618,447

11,4659,324

610989

1,15210, 027

667<*245

I

33953

0)404

214128

2,6581,443

4,5363,2151,321

71, 530175, 2631,038,278

7,716

3.295490

11, 5657,0991,7147,6731,633

63, 48619, 740

675, 2844,367

105,12569, 02627, 18870, 56820, 11918, 537

13,18310, 822

6581,1031,258

10, 8471,533604

0)

6083

1,281315

4,3563,0341,322

61,355150,102817, 6337,271

3.216692

13,36715, 7851,5303,8762,527

68,77419, 470

795, 0955,254

106,14470,02327,32270,32920, 97318, 710

11,5549,451

599994

1,109(2)

0)0

12579

1,615836

4,2503,0141,237

58,937139,816697,3856,673

3.256691

21,04914,1251,2487,0251,870

77,12221,189

671,7694,558

102,99968,67425,51267,86820,36518,802

11,0489,094

566926

1,028(a)

0)0

207158

2,2881,135

4,5973,1981,399

80, 686195, 062894, 5817,930

3.1865

22, 82225,1131,4596,3732,070

117,43032, 967

735, 3164,871

106, 09469, 71627, 57369, 67521,17218, 896

11,9409,932

591936

1,072(2)

2681,2780)449

302164

1, 9811,208

4, 7593, 0781,680

88,062224, 852871,3178,332

3.4066104

16,06716, 4101. 1926, 9232,109

124, 86438,580

635, 8024,170

107,15570, 46927, 85969, 84222.135IS, 992

11. 7769^687

594973

1,116

1,05712,2500)2,051

475r 2462, 6031,560

5, 8453,7512,094

100,044258, 451941, 8109, 267

3. 1006

12,90511,9481,3106,1862,604

259, 36877, 869

570,8364,749

108, 60371, 00728, 69371,95021, 39119,089

12, 82610, 565

6611,0221, 239(2)

(2)

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Alcohol, denatured:Consumption _„ thous. of wine gal._Production doStocks, end of month .do

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

Methanol:Exports, rcfl.ned§ gallons..Price, refined, wholesale (N. Y.)_dol per gaL.Production:

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

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

Louisiana long tons..Texas .do

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

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

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

From fertilizer manufacturers .. .doFrom others do

Shipments:To fertilizer manufacturers .doTo others

12, 84812,6251,776

134,287

16.50153,897

30,04033, 590

37, 57444, 089

15,45315,181

1,496

20, 96517,97426, 0332,248

263,588.36

4634,15840,612

175,338

16.50205,024

31, 77440,049

42, 83557,410

13,06813,0601,479

21, 78714,16822,9442,282

123,995.36

4804,61235,477

176,860

16.50208,461

37,56232, 784

44,97958, 31?

11, 43411,1581,173

22, 08014, 61419, 5241,729

368,246.36

4344,184

30, 580

126, 650530, 047

172, 332

16.50219, 838

32, 88536, 889

47,62359,870

10,14710, 3981,417

20,65615,27918, 3861,604

369, 290.36

4573,453

34, 690

182,160

16.50235, 023

26, 69926,826

39, 63658, 335

8,5058,4601,366

20,38118,77314,6971,640

228,357.36

4473,78231,035

158,592

16.50212, 719

19,72423,685

40, 30055,650

9,4989,5241,392

20,98320, 67716, 7302,012

326,149.36

5073,463

30,189

121, 820546, 558

149, 303

16.50196, 290

19, 38323, 416

34, 68555,002

9,7939,9941,591

20,21820, 95717, 6112,035

35, 725.34

4423, 486

32, 204

140,272

16. 50192, 846

11,99127,618

32, 53358,061

10,03710,0371,586

20, 95321,92117,75211, 782

21,932.34

4373,409

34, 475

143, 742

16.50191,643

15, 69227, 330

37. 37159, 090

<* Deficit.* Revised. i Discontinued by reporting source since the outbreak of war.J Owing to changes in the accounting system, data for 1940 are not available on a comparable basis with those for earlier years.•New series. Data for Pullman Co. revenue passenger miles beginning 1915 and passenger revenues beginning 1913 appear in table 7, p. 18, of the January 1939 Survey.§Revised series. Data revised for 1937, see table 19, p. 14, of the April 1939 Survey.



1940

June

1939


berDecem-

ber

1940

Janu-ary


CHEMICALS AND ALLIED PRODUCTS—Continued

FERTILIZERSConsumption, Southern States

thous. of short tons__Exports, total§ - long tons..

Nitrogenous§ doPhosphate materials! doPrepared fertilizers§-__ do

Imports, total§ doNitrogenous, total § _do

Nitrate of soda§ doPhosphates§ doPotash§ _ do

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

Potash deliveries*..- _ short tons._Superphosphate (bulk):

Production doShipments to consumers doStocks, end of month.. do

NAVAL STORESRosin, gum:

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

Receipts, net, 3 ports __.bbl. (5001bs.)_.Stocks, 3 ports, end of month do

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

OILS, FATS, AND BYPRODUCTS

Animal Fats and Byproducts and FishOils (Quarterly)

Animal fats:Consumption, factory.. thous. of lb-.Production doStocks, end of quarter.- do

Greases:Consumption, factory do.Production ...do-Stocks, end of quarter do

Shortenings and compounds:Production. do.Stocks, end of quarter do

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

Vegetable Oils and Products

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

mil. of lb—Exports thous. oflb-.Imports, total§ do

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

Production (quarterly)._. mil. oflbStocks, end of quarter:

Crude do-..Refined _ do...

Copra:Consumption, factory (quarterly).short tons..Imports___ _ .doStocks, end of quarter.. do

Coconut or copra oil:Consumption, factory:

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

In oleomargarine. do.Imports| do.Production (quarterly):

Crude do_Refined _ do.

Stocks, end of quarter:Crude _doRefined _ do.

Cottonseed:Consumption (crush) thous. of short tons..Receipts at mills __doStocks at rrills, end of month _do

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

Cottonseed oil, crude:Production thous. oflb.Stocks, end of month.. do

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

In oleomargarine doPrice, summer, yellow, prime (N. Y.)

dol. per lb—Production thous. of lb_.Stocks, end of month do

12290,06115,37966,619

37299,00283, 70762, 5983,38610,349

1.45023, 363

4.0943,411529,416

.3211,30253,345

231, 581610,030633,821

89,978109, 979122, 330

287,99852, 880

47,4025,843

166, 507

7568,64878,21415, 79162,424

558

713684

70, 21717,45446,933

146,15658, 4921,575

26, 729

87, 78169,451

202, 23915,083

552364

31126,310?110, 506'

19, 52065,393

316,1967,392

.06052,826

554. 275

136,01612, 655105,934

268109,73790,54159,332

59416,425

1.45017,337

243, 40234,263871,109

4.9661, 744639,914

.2415,884102,941

217,899503,947403,809

47,43892,96454,943

300,07655, 350

66,1388,983

180,364

8163,67391,63310, 75580,878

593

732759

52,11412.51436,081

137,89153,0742,12937,556

66,38868, 213

226, 89412,315

10046139

12445,329150, 846

34,32889, 096

272,9706, 708

.06578, 548616,859

48154,8008,067

137, 446447

90,10245,63218,4792,321

41, 234

1.45026, 632

243,35613,496924,045

5.1961,096

659, 878

.2414, 692102,126

2,55979,4679,84169,625

19,928

1, 55921,215

7051121

4633,119119, 718

22,62272,067

5,522

.06141,107560,035

43141,17126,618106,607

34976,00245,7959,481408

29,087

1.450

279,10728, 277963,431

5.0557,640672,880

.2413,754102,285

148123,79227,15776,904

69788,27671,44710, 445

39215,877

1.45054,762

305, 538109, 2231,012,067

5.4860, 289679,127

.2616, 369101, 111

254,196480,143

3,86586,41310, 29276,121

3,773

1,76332,898

151227196

67568, 22997, 085

45, 35562,000

.05554,666494,718

190112,69918,97478,4181,921

110,04691,43142,2042,54914, 571

1.45072,622

406,80967,143

1,122,492

5.4454, 574

630, 926

.2714, 60593,317

318,481

54,12093, 57852,799

405,33136, 539

68,02268,402221,405

7127,90851,62011,27740,343

583

661523

49, 4697,53313,881

143,26552, 3593,11310,988

61, 94970,338

197,48512,100

5241,141813

1,318232, 352124, 374

162, 480110, 701

354,2269,034

.07193,924411,791

24, 74564,59312,40252,191

17, 222

2,16717,774

7121,1651,266

2,335320,927197,618

220, 362156,874

8,689

163,315433,637

10879,2707,53855,009

486109,670101,33566,4072,7994,214

1.45070, 952

417,41019,225

1,228,028

5.3443,736643,443

.2610,945

16,02281,6746,943

74, 731

31,790

2,15434, 744

18770,90518,62943, 474

489126,952106, 51059, 518

70518,161

1.45062,635

405,19924, 368

1,233,297

5.2451,032

642, 234

.2710,20294, 677

255,751

37956,60227,16427,099

278146,012103,28156,627

69341, 798

1.45054,944

430,82030,335

1,256,690

5.3711,630

605,046

.301,487

76, 664

628,700417,333

61,010107,35560,316

330,81656,621

79,894111,628245,155

1,01917,43680, 97516, 73364,2421,062

783653

55,48228, 65835,160

150,52858, 6601,972

26, 686

69,478

6436fi4

1,287

1,403288,050206, 931

201, 656184,062

9,701

.065163,052490,215

73, 725

178, 38211,883

509384

1,162

343228,458219,794

159,870181, 235

334,3928,779

.069157, 221553,176

67553, 39828, 90219, 717

800140,54473, 79226, 506

40665, 486

1.45010,106

358, 75852, 741

1,250,521

5.466,764

570,403

611»6, 532

1,53660,33214,84743,311

722178,782135, 83986, 039

47640, 094

1.4505,412

351, 009158, 7171,115,331

5.547,710

544, 281

.371,202

10,49980, 71120,52760,183

2,05134,899

521155796

216235, 367216, 565

166,038200,881

10,077

.069140,379586, 632

12,09166, 5797,580

229, 509688,427560, 537

85,454112, 203110,851

273,11957, 250

65,12934, 015203, 521

22,449

1,84126, 240

91415, 05767, 0119,10757,904

910

861754

78,83435, 63345,756

149,761

1,12565, 79820,05343,167

748144, 702118,51589,679

60019,553

1.4503,511

338,4S2221,376834, 900

4.9426,679522,133

.356, 58451,215

9,17866,0511,388

64, 663

18,932

425150522

141194, 046200,173

139,443201,233

55,9862,464

34, 266

98, 51970,920

196, 94013,407

292 j87316

112137,666175, 769

97,704186,124

3,08434, 977

278,03410,200 9,021

126,190627, 482

.067113,700

643,947

17530172

11683. 024157, 768

61,482147, 607

8.188

.06895, 737

636, 515

329108,20720,48580,484

544146,79797, 02079,2991,228

30,197

1.4504,711

339,736133, 372906,650

4.5637,792516,741

.349,42950,704

8,80471,14911,94459, 205

27,606

2,52718,150

1022897

5248,196129,637

37, 34398, 605

8,468

.06481,079600, 111

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



1940

June

1939


berDecem-

ber

1940

Janu-ary


CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND BYPRODUCTS-Con.

Vegetable Oils and Products—Continued

Flaxseed:Imports^ thous. of bu_.Minneapolis:

Receipts. doShipments doStocks do

Duluth:Receipts doShipments doStocks - ..do

Oil mills (quarterly):Consumption doStocks, end of quarter... do

Price, wholesale No. 1 (Mpls.).._.dol. per bu__Production (crop est.)--- __thous. of bu_.

Linseed cake and meal:Exports!---. do,. . .Shipments from Minneapolis do

Linseed oil:Consumption, factory (quarterly) doPrice, wholesale (N. Y.) dol. per lb._Production (quarterly) thous. of lb_.Shipments from Minneapolis doStocks at factory, end of quarter .do

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

cago) dol. perlb..Production . thous. of 1b...

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

PAINT SALES

calci-

521

161123519

530

130

6, 6373,148

1.78: 28, 801

1.92610, 440

98,977

Plastic paints, cold-water paints, and uaua- imines:

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

In dry form. doIn paste form d o . . . .

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

Tota l . . . doClassified, total _.do_...

Industrial doTrade do

Unclassified do

CELLULOSE PLASTIC PRODUCTS

Nitro-cellulose, sheets, rods, and tubes:Consumption* thous. of Ib_Production do.__Shipmentsc? do_._

Cellulose-acetate sheets, rods, and tubes:Consumption* thous. of Jb_Production do___Shipmentsc* do . . .

Moulding composition:*Production do__.Shipments^ do, _ _

ROOFING

Asphalt prepared roofing, shipments:Total thous. of squares.

Grit roll do. . .Shingles (all types) do...Smooth roll do___

.099128, 38314, 450

132, 881

19, 495

.12019. 852

.095

43

207316247

36, 27125, 8289,77616, 05210, 443

212770850

6634562

871682

1,802

7320

225

9941

6,2071,9581.81

48,7337,000

91,360.093

124, 8236,360

130,310

20, 745

.13521, 111

.090

43

206309281

36,88626,1979,78116,41610,690

297957

1,000

446378

795703

2,887831

1,058

1,123

6728231

0)582

1.57

44, 5896,360

.090

~5,~880~

20,114

.13519, 262

.090

44

156227206

29, 47220,7698,19912, 5698,703

221979847

561537

645604

2,633737926970

1,511

8,100389

2,659

801144659

1.54

50,16316, 400

8,100

21,206

.13521,608

.089

46

154287255

33,08723,4139,30914,1049,674

3261,0691,065

71,041815

1,034967

3,9231,1151,1761,632

452

2,709648

5,456

2,0321,1701,521

6,8146,3831.75

40,60023, 280

88, 397.099

134,32614, 700112,475

27,918

.12428,105

.104

49

171289279

36, 96025, 51510,42015,09511,445

3281,1641,156 j

7706677

1,3121,153

3,8671,1251,2891,453

875

679367

5,154

9481,3601,109

14, 52919, 720

.102

" 15," 666"

23,676

.12323, 785

.104

40

179270233

34, 54024,99510, 97614,0209,544

3111,3151,232

14713684

1,4101,333

4,6111,2911,5201,800

682

318428

4,059

541566

1,084

1.84

30,91421,480

.098

~i6,~6§6~

27,719

.12827,886

623

1043,616

1451,178

51

8,736

2.07* 20,330

52,76521,320

88,768.102

166,1508,820

142,643

153206213

29, 39621, 77210, 23411,5387,624

3461,3611,244

10725793

1,1991,119

2,486632810

1,044

25, 737

.12025, 587

.099

32

159277203

25,93419,3339,4099,9246,602

2711,0891,199

14987

1,030

1,1831,135

1,546408447691

1,058

153130

2,720

263542

2.18

18,45321,440

.107

~I6~38o"

29, 409

.12029, 354

.100

34

140252205

27, 66520, 4569,99110,4657,210

2711,2391,081

857751

1,1771,024

1,763

139119

2,151

21231

2.14

50,06814,200

.102

16*866"

28, 474

.12029, 477

.100

133264186

25, 53618, 8068,9209, 8876,729

1861,016918

7637655

972878

1,972

12788

1,751

21

32

7,8923,356

2.

1,137314285538

2,105488625992

35,68814, 960

85, 526.106

150,19712,960

172,800

26,828

.12026,641

.099

54

320215

30, 37022, 61010, 08012, 5317,759

2121,090

925

12550589

1, 1041,022

490670

176132

1,237

560

88

66, 23715, 280

.108

13, 020

27, 580

. 12027, 408

.096

234382272

36, 20626, 55210,97215, 5809,654

848

18558490

951904

2,286588921776

1,434

209172701

17018078

1.97

21, 53813, 760

, 105

14, 000

. 12024, 676

.098

56

242413302

41, 72229,74411,05118, 69311,978

171800926

10702649

893837

2,924761

1, 184980

ELECTRIC POWER AND GAS

ELECTRIC POWER

11, 399

7,2384,162

10, 402997

Production, totalj mil. of kw.-hr..By source:

Fuel doWater power do

By type of producer:Privately and municipally owned public

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

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

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

r Revised. t Less than 500 bushels.

10, 535

6,7483,787

9,824711

8,5771,6276,169

11119444135

10,656

7,1833,473

9,849807

8,5831,6206,187

11519743332

11,234

7, 7063, 528

10, 332903

8,9531,6206,526

12820244335

11,120

8,0023,118

10,213907

9,2741,7556,669

149224446

32

11,861

8,7233,138

10, 895966

9,6401,7826,951

169229479

30

11, 661

8,4563, 205

10, 6611, 000

9,6781,8906,876

188201492

32

12,077

8,8913,187

11,0741,003

9,7602,0006,786

203205532

33

12, 252

9,0653,186

11,262990

11,104

7,9143,190

10, 258846

11, 514

7, 5833,931

10, 557957

11,193

6,6454,548

10, 277916

Ml, 609

r 7, 006'4,603

10.616'•992

c July 1 estimate.b December 1 estimate. „__„•New series. For data on nitro-cellulose consumption, cellulose-acetate consumption and molding compositions beginning 1935, see table 15, p. 18, of the'March 1939 SurveytRevised series. See note marked with a " f on p. 41 of the July 1939 Survey. Comparable data not available for 1940 owing to further revisions in classifications§Revised series. Data for 1937 revised; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.<?Includes consumption in reporting company plants. *[Excludes consumption in rerorting company plants.tFor electric power production, see note marked with a " 1 " on P- 41 of the July 1939 Survey. Revised data on production "by type of producer," referred to therein, are

shown beginning June 1938 on p. 40 of the August 1939 Survey. For all series, data beginning 1920 will be published when available. Subsequent revisions for 1939, supersed-ing data previously shown, are here given; revisions not shown above are as follows: Production, total Jan., 10,647; Feb., 9,664; Mar., 10,570; Apr.. 9,961: May, 10,349 F u e l -Jan., 6,903; Feb., 5,835; Mar., 6,119; Apr., 5,567; May, 6,181. Water power—Jan.. 3.744; Feb., 3,828; Mar., 4,452; Apr., 4,395; May. 4,168. Privately and municipally owned—Jan., 9,966; Feb., 9,043; Mar., 9,899; Apr., 9,320; May, 9,689. Other producers—Jan., 682; Feb., 620; Mar., 671; Apr., 641; May, 660.



1940

June

1939


berDecem-

ber

1940

Janu-ary


ELECTRIC POWER AND GAS—Continued

ELECTRIC POWER—Continued

Revenues from sales to ultimate consumers(Edison Electric Institute) thous. of dol_.

GAS§Manufactured gas:

Customers, total thousands..Domestic _ doHouse heating doIndustrial and commercial do

Sales to consumers mil. of cu. ft_.Domestie __doHouse heating doIndustrial and commercial do

Revenue from sales to consumersthous. of dol_-

Domestic doHouse heating doIndustrial and commercial do

Natural gas:Customers, total .thousands..

Domestic doIndustrial and commercial do

Sales to consumers... _ mil. of cu. ft..Domestic .__ doIndl., coml., and elec. generation do

Revenues from sales to consumersthous. of dol..

Domestic doIndl., coml., and elec. generation do.. . .

186,166

9,9739,284

215464

27, 51816,638

1, 5889,167

29, 40122,190

1,2315,895

7,1746,661

51188, 38919, 05568,161

28, 36115, 09113,100

186,600

9,9899,311

202466

25, 29815, 588

9498,604

27, 50221, 032

7895,594

7,1636,661

49987, 25716,18969,915

26, 04912,92012,940

189,225

10, 0109,330

206463

24, 52014, 760

7548,891

26, 44720,055

6645,638

7,2026,699

50189, 67415,19272,990

26,09212, 36913, 508

198,947

10, 0759,383

222463

26,47016,435

8749,037

28, 45821, 720

8375,818

7,2436,738

50393,71215, 649

26,66412,35914,105

201, 709

10,0849,377

245452

29,46617,1522,3899,764

30,63822, 467

1,8496,215

7,3096,777

530103, 626

19, 62382, 593

30,85514,86715, 784

204,974

10, 0729,358

257449

32, 52515, 3416,951

10, 050

32,05621, 4983,8636,574

7,4366,861573

118,25030,99785,655

38, 77121, 07217, 457

208,514

10,1109,384266450

35, 02815, 7138,82110,269

33, 59821.6255,1366,703

7,4796,892584

129, 92341, 51987,106

45.62626,74818,659

10,0409,328247456

38, 52117,69310, 44410,156

35,96822, 4916,5656,772

7,4356,861572

149,14857,40290, 392

56,87936,00320,638

10,0719, 351257454

37, 30717,44610,0719,568

35, 23621, 6756,7186,708

7,4426,873567

158, 46663, 51993,189

59,67738,43720, 938

10,0529, 334246460

35, 87317,1678,5229,971

33,72821,1825,7956,615

7,4806,902575

136, 88649, 72185, 604

50,13631, 23918, 609

10,0259, 296256461

34,18216, 0917, 255

10, 646

32,15920, 9064, 5186,598

7, 4596,886571

121, 80540,06981,049

43,31126,29916, 890

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGES

Fermented malt liquors:Production thous. of bbl._Tax-paid withdrawals. _ doStocks ._ do

Distilled spirits:Production thous. of tax gal..Tax-paid withdrawals doImports* thous. of proof gal..Stocks. thous. of tax gal__

Whisky:Production do. . . .Tax-paid withdrawals doImports* .thous. of proof gal..Stocks thous. of tax gal_.

Rectified spirits and wines, production, totalthous. of proof gal..

Whisky* do.-.-Indicated consumption for beverage purposes:

All spirits*! thous. of proof gal_.Whisky*f do. . . .

Still wines:Production* thous. of wine gal..Tax-paid withdrawals* doImports* doStocks* do

Sparkling wines:Production* doTax-paid withdrawals* doImports* doStocks* do

5,5945,8539,018

10, 65710, 8711,824

525, 403

8,1878,3371,570

480, 945

665

101

6,2715,6569,447

8,3046,456

111522,058

5,7744,885

666478,900

2,9601,977

8,6996,767

6774,684

20794, 842

392536

647

152,38724

199,56084, 566

131, 609

71,1793,781

.1587,10069,95014, 32298, 85081, 262

1951,799

5.002.90

5,6376,5389,330

5,3815,605

632520,429

3,7114,343

534477,149

2,9302,014

7,5706,131

9144,247

15491,048

192020

646

146,57224

180,23577,460

165,183

58, 2713,134

.1574,00059, 34513, 786

117,59897, 448

2152, 338

5.002.90

5,4505,7158,836

6,3906,663

710518,487

4,3925,098

612475,371

3,1892,332

8,7097,104

5,2115,053

15287,127

162126

639

158,05524

165,78069, 674

172,825

62,6693,435

.1566,80053,40514, 579

125,019103, 594

1941,976

5.002.90

4,3924,9218,112

10, 2448,7721,843

514,433

4,9856,7931,599

472,499

4,0053,258

11,95910, 309

44,2936,195

42099,817

213484

625

152, 57128

134,51555, 208

154, 594

71, 5925,762

.1757,50045,19516, 527

116,56197, 530

2763,414

5.002.90

4,2374,1697,994

17,94611,0661,113

510, 606

7,0748,550

959469,173

5,2024,329

13, 70312,007

105, 5998,011

370139, 099

275059

597

147,95529

121, 59549, 357

128, 111

67, 74411, 637

.1854,40041,31015,145

114,73693, 987

3643,715

5.003.10

3,6853,8267,696

14,92113, 4851,058

506,894

8,94610, 385

912465,934

6,3415,532

16, 26614,508

35,8958,624

379142, 721

365680

576

150, 337on. OU

112, 28545,197

89, 783

51,0376,344

.1842,30030,14510, 614

112,21790, 219

1451,876

5.003.10

3,5883,9167,191

11, 5539,4001,501

508, 205

8,0337,7041,298

465, 018

4,0023,249

12,39010,870

8,1349,109

424133, 916

48101130511

152, 706on. oil

118, 43045, 775

55, 462

47,9903,478

.1840, 66028, 6009,981

108, 24186, 805

1212, 615

5.00 13.10 1

3,7882,9307,926

12, 5066,517716

512, 394

10,0215,500582

469,004

2,6792,078

8,3787,243

2,7735,912304

127,936

312534512

DAIRY PRODUCTSButter:

Consumption, apparentf thous. of lb_. 152,387 146,572 158,055 152,571 147,955 150,337 152,706 152,150 136,005 146,000 147,068 172 746Price, wholesale 92-score (N. Y.). .dol. per lb._ .27 .24 .24 .24 .28 .29 .30 .30 .32 .30Production, creamery (factory)t-thous. of l b - 203,800 '"199,560 180,235 165,780 134,515 121,595 112,285 118,430 126,040 125,265 136,625 147,745 188,645Receipts, 5 marketsj do 77,919 84,566 77,460 69,674 55,208 49,357 45,197 45,775 53,743 51,276 54,690 62,187 68,405Stocks, cold storage, creamery, end of month

thous. of lb._ 80,842 131,609 165,183 172,825 154,594 128,111 89,783 55,462 29,189 18,366 8,875 9,504 | '25,463Cheese:

Consumption, apparent ! do 71,179 58,271 62,669 71,592 67,744 51,037 47,990 58,376 57,421 63,909 61 75? I 82 020Imports d o . . . . 3,363 3,781 3,134 3,435 5,762 11,637 6,344 3,478 3,339 2,959 3,698 4,073 j 4,072Price, wholesale, No. 1 Amer. (N. Y.)

dol. per lb .16 .15 .15 .15 .17 .18 .18 .18 .18 .18 { .16 .35Production, total (factory)t - - thous. of lb._ 92,400 87,100 74,000 66,800 57,500 54,400 42,300 40,660 41,200 43,000 53,000 61,600

American whole milkf d o . . . . 74,090 '69,950 59,345 53,405 45,195 41,310 30,145 28,600 30,440 32,780 39,585 47,620Receipts, 5 markets do 15,003 14,322 13,786 14,579 16,527 15,145 10,614 9,981 13,261 10,866 11,527 11737Stocks, cold storage, end" of month do . 114,475 98,850 117,598 125,019 116,561 114,736 112,217 108,241 94,295 82,664 74,937 78 706

American whole milk d o . . . . 96,247 81,262 97,448 103,594 97,530 93,987 90,219 86,805 75,181 66,584 61,510 65,175Condensed and evaporated milk:

Exports:Condensed (sweetened) . thous. of l b . . 1,194 195 215 194 276 364 145 121 154 353 494 361Evaporated (unsweetened) .do 4,550 1,799 2,338 1,976 3,414 3,715 1,876 2,615 2,809 2,501 2,284 3,878

Prices, wholesale (N. Y.):Condensed (sweetened) . .dol. per case.. I 5.00 5.00 5.00 5.00 5.00 5.00 5.00 | 5.00 5.00 5.00 5.00 5.00Evaporated (unsweetened) do I 3.05 2.90 2.90 2.90 2.90 3.10 3 .10 ' 3.10 1 3 .10 ' 3.10 3.10 ! 3.06 '

' Revised.§Revised series. Data on manufactured gas revised beginning January 1938 and natural gas beginning January 1937; see tables 24 and 25, pp. 16 and 17 of the May 1940

issue. See also the footnote marked with a "dagger" on p. 41 of the June 1939 Survey.*New series. Earlier data for the new series on alcoholic beverages appear in tables 2-8, pp. 15-18 of the July 1939 Survey.t Re vised series. For 1937 revisions in consumption and production of butter, consumption of cheese and production of American cheese, see p. 41 of the December 1938

issue; 1938 revisions and revisions for 1939 not shown on p . 41 of the May 1940 issue will appear in the 1940 Supplement. For total production of cheese see table 50. p. 17, ofNovember 1939 issue; revisions beginning 1938 will appear in a subsequent issue. Total indicated consumption for beverage purposes of all spirits and whisky revised in theirentirctv; revisions not shown on p . 41 of the October 1939 Survey will appear in a subsequent issue.

X For comparable monthly figures beginning 1919, see table 14, p . 17, of the March 1939 Survey.

3,4783,2388,000

11,8167,928623

514, 505

9,5996,616534

470,519

3,4€2

2,839

9,8898,903

2,0646,393233

121,877

181424506

4,3823,8098,391

13,1818, 406

74ft517, 583

10, 3046, 469

645473, 278

3,4802,669

10, 5208,671

1,8856, 236

247116, 323

461720

532

146,00029

136,62554, 690

5,1094,1779,105

13.9387,818

522, 503

11, 2235, 793

674477, 865

3,7212,764

10,2108,156

1,8286,069

252110,695

451826

556

147,068.28

147,74562,187

5, 4834,8839,508

13, 92S7, 543866

527,362

11,5045,848752

482, 555

3,4662,694

9,741

8,242

1,7125,775306

105, 337

2439619

.1586, 80067, 78012,507" 87, 555• 73,056

4423,636

5.003.00



1940

June

1939


berDecem-

ber

1940

Janu-ary


FOODSTUFFS AND TOBACCO—Continued

DAIRY PRODUCTS—Continued

Condensed and evaporated milk—Continued.Production:!

Condensed (sweetened):Bulk goods thous. of lb.Case goods __-do._-

Evaporated (unsweetened) do.,_Stocks, manufacturers' end of month:

Condensed (sweetened):Bulk goods thous. of lb.Case goods do. . .

Evaporated (unsweetened), case goodsthous. of Ib.

Fluid milk:Consumption in oleomargarine-.- do_-_Price,dealers'.standard grade* dol. per 100 lb.Production (Minneapolis and St. Paul)

thous. of lb.Receipts:

Boston (incl. cream) thous. of qt.Qreater New York (milk only) do.__

Powdered milk:Exports§ thous. of lb.Productiont do . . .Stocks, mfrs., end of mo.t do._.

(06,157

294, 203

(010, 221

288,565

2.18

43,460

1,048

FRUITS AND VEGETABLES

Apples:Production (crop estimate) thous. of bu.Shipments, carlotf no. of carloads -Stocks, cold storage, end of month

thous. of bbl.Citrus fruits, carlot shipmentsf.no. of carloads-Onions, carlot shipments! dO-._Potatoes, white:

Price, wholesale (N. Y.) dol. per 1001b.Production (crop estimate) thous. of bu.Shipments, carlott- . . .no. of carloads.

i 577i

.1 012, 320

! 2,636

2,194* 371,263

22,180

GRAINS AND GRAIN PRODUCTS

Exports, principal grains, incl. flour and meal§thous. of bii-.

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, end of mo do

Corn:Exports, including meal doGrindings doPrices, wholesale:

No. 3, yellow (Chicago)*. -dol. per bu._No. 3, white (Chicago) doWeighted average, 5 markets, all grades*

dol. per bu._Production (crop estimate) thous. of bu..Receipts, principal markets doShipments, principal markets doStocks, commercial, end of mo do

Oats:Exports, including oatmeal doPrice, wholesale, No. 3, white (Chicago)

dol. perbu. .Production (crop estimate) thous. of bu._Receipts, principal markets doStocks, commercial, end of mo do

Rice:Exports^.. pockets (100 lb.)--Imports§.- doPrice, wholesale, head, clean (New Orleans)

dol. per lb-.Production (crop estimate) thous. of bu._Southern States (La., Tex., Ark., and Tenn.):

Receipts, rough, at millsthous. ofbbl. (1621b.)..

Shipments from mills, milled ricethous. of pockets (100 lb.)~.

Stocks, domestic, rough and cleaned (interms of cleaned rice) end of month

thous. 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 do._.Stocks, commercial, end of mo do-_-

6,289

206

.48

.51i 287,377

3,8476, 956

4,1396,390

.66

.77

^2,415,99823, 41114,33925, 419

105

.35<*l,031,622

1,9123,130

294, 63243, 357

! .039i d 54, 267

366

954

2,084

231, 879198, 394

_! 358,843

4.45

36, 848695

9,506

21, 0592,786

267,457

11,4167,764

292, 393

4,1122.10

41, 873

13,897134, 712

73938, 57225, 861

984

0• 16,4272.161

1.575

23, 938

6,600

206

.53

.60

3, 7936,210

2675,945

.51(0

17,38117,04230,880

93

.34

4,5405,695

241, 75575, 647

.033

912

2,092

197,33297, 767

258, 494

).50

16, 6152,891

226, 715

12, 5048,570

341, 686

3,8702.10

34, 051

14,947129, 851

63729, 07927, 613

1,011

010, 8411,117

1.813

11,559

8,389

265

.45

.47

4,8318,253

4,929

.48

.50

.46

11,86412, 75923,145

101

.29

6,6735,551

220,31583, 257

.033

1,9557,384

180

758

1,552

270, 965130, 025

268, 269

(a).43

16,8172,455

191,382

10, 9868,001

355, 071

4, 3152.12

28, 599

15,375127,178

79823, 56618, 298

942

09,1781,674

1.295

7,734

10,830

713

.46

.48

20, 06216,904

1,1216,693

.45()

.47

12, 07714,192

61

.30

18, 62514, 681

216, 07270, 691

.033

390

972

486, 207174, 422

389, 027

0.42

1,4707,708

3,4559,246

15,1704,368

164, 723

7,7416,039

135,135

5,2972.15

25, 226

13, 258122, 715

82322, 43211,963

4,948

3,3667,2893,388

1.588

12, 308

8,372

709

.55

.58

13, 54619, 421

1,8558,094

.54

.57

.56

22, 65511,58414,947

133

.36

12, 52816,104

381, 76537, 528

.040

1,805

1,146

1,706

497,338224, 541

466,045

3,1609,857

0)3,479

143, 988

0)6,312

175, 646

4,5382.19

26, 043

13,883128, 697

79620, 7828,449

10, 505

10,10211,9103,320

1.700

15, 263

11,281

909

.53

.55

8,74420,398

5,580

.59

.50

31, 60913,13527, 541

162

.35

6,26114, 552

304, 5438,568

.038

2,360

1,122

3,029

354, 776123, 603

544, 057

0)2,354

125, 629

0)5,990

188, 290

5,3372.22

28, 215

13,858121, 848

54420,2257,548

8,103

10, 32913, 806

2,016

1.806

12, 566

5,709

153

.52

.54

6,73220,106

1,2666,925

.50

.51

26, 72315,89338, 202

117

.39

5,63213,199

89, 92658, 365

.037

1,375

1,083

3,410

167, 79365, 521

574, 503

0.51

()2,228

135, 536

0)5,627

186,081

4,9882.25

33, 548

12,889123,192

57324, 54411,044

100,2845,079

8,73317, 540

1,631

1.850364,01612,141

8,374

.55

.58&276, 298

7,30718, 614

5,3246,S86

.62

.57'2,619,13721, 9239,469

45, 851

81

.416937, 215

4,75612, 054

107,17932,127

.038*52, 306

679

857

3,282

89,89268, 417

545, 331

85.67

2,05310, 577

.67J b 39, 249

1,295 I 2,0709,954 I 10,540

0)2,817

158,656

0)4,702

156, 253

5,6962.25

37, 624

12,999121, 550

49227, 87017, 946

4,933

6,76918, 8502.453

1.925

18,615

8,332

248

.58

.60

7,16117, 333

5,2747,248

.59

.67

.59

0)3,370

170, 397

0)4,579

0)3,504

203, 619

0)3,938

0)3.169

225, 077

0)4,014

150,458

5,7612.25

38, 441

12, 068116, 518

45827,40624, 086

4,912

4,83114, 3341,814

1.875

17, 979

10, 204

358

.55

.57

5,0742.25

42, 638

13, 258122, 685

64034, 05229, 284

5, 2442.23

41,113

12,430120, 993

81537, 50733, 314

4,639

2,87914, 9602,224

1.981

5,64516, 079

5,7967,076

.58

.66

.58

12,6118,125

42, 307

72

.42

4,3278, 979

247,14219, 072

.039

1,129

3,079

97, 273140,976

458, 505

13,1267,777

40, 575

154

.43

4,9267,867

316, 77423, 636

.039

24, 792

9,324

229

.54

.56

3,562

1,20215,5111,611

2,095

18, 798

5, 636

185

.57

.58

5,05913, 943

1,8676,874

.58

.66

.58 !

5,91010,883

1,467r 7, 042

.63

.74

11,9965,955 |

39,704 I

228 I.43 1

11,6909,63334,142

57

.43

4,7517,539 j

292,278 i40,905 |

I.039 !

4,1786,204

287, 51727, 572

.038

1,108

3,017

154, 94091,480

437, 830

79 I.67 i

967

1,041

2,994

293, 569

919

0)4,905

281, 960

0)6.815

173,378 I 207,740 | 287,778

4,6912.18

45,110

13. 249128, 218

1,00342, 77135, 569

1,614

37813. 3462,432

2,131

21, 87«

3,825

130

.55

.57

5,9978,809

1.261r 7, 607

.69

.68

13,11617,31624, 016

83

.41

3,0264,619

289, 56259, 860

.038

844

1,135

2,890 j 2,632!

328,769 | 387,53997,009 ! 141,744 ' 167.697

445,605 i 455,143 ! 455,525

272 j.67 I .70

112.59

1,768 | 1,455 I 1,478 j 1,448 ! 1,32410, 212 i 10,120 i 10,138 i 10,048 i 9, 912

«• Revised. ° Less than 500 bushels. b December 1 estimate. e No auotation. d July 1 estimate.1 Discontinued by reporting source. * Represents commercial production only; total production is not available. l Revised estimate.JFor comparable monthly figures beginning 1918, see table 13, p. 17, of the March 1939 issue.*New series. Data for price of milk beginning 1922 and average price of corn beginning 1918 appear in tables 38 and 39, p. 18, of the August 1939 Survey. Data on price

of No. 3, yellow corn, Chicago, are shown in table 20, p. 18, of the April 1910 issue.fRevised series. For revisions in condensed and evaporated milk production in 1937, see p. 41 of the December 1938 Survey; 1938 revisions and revisions for 1939 not shown

on p. 42 of the May 1940 Survey will appear in the 1940 Supplement. Revisions for 1938 for carlot shipments not shown in the December 1939 Survey will appear in the 1940Supplement. Revisions for the months of 1939 not shown on p. 50 of the July 1940 Survey, are comparatively slight.

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



1940

June

1939


berDecem-

ber

1940

Janu-ary



GRAINS AND GRAIN PRODUCTS-Continued

Wheat:Exports:

Wheat, including flour§ thous. of buWheat only§ do

Prices, wholesale:No. 1, Dark Northern Spring

(Minneapolis) dol. per buNo. 2, Red Winter (St. Louis) doNo. 2, Hard Winter (K. C.) doWeighted av., 6 markets, all grades..do

Production (crop est.), total thous. of buSpring wheat.. doWinter wheat.. ._ .. .do

Receipts, principal markets . doShipments, principal markets... doStocks, end of mo. world est do

Canada (Candian wheat) doUnited States, total* do

Commercial _ doCountry mills and elevators* doMerchant mills* doOn farms* do

Wheat flour:Disappearance (Russell-Pearsall)

thous. of bblExports§.._ doGrindings of wheat . thous. of buPrices, wholesale:

Standard patents (Mpls.) dol. per bbl_.Winter, straight (Kansas City) do

Production:Flour, actual (Census)... thous. of bbl

Operations, percent of capacity-Flour (Russell-Pearsall) thous. of bbl_.Offal (Census) thous. of lb . .

Stocks, total, end of month (Russell-Pearsall)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):

Beef steers*-.- dol. per 1001bSteers, corn fed doCalves, vealers do

Hogs:Receipts, principal markets -thous. of animals._Disposition:

Local slaughter _ doShipments, total _ do

Stocker and feeder doPrices:

Wholesale, heavy (Chi.)....dol. per 100 Ib._Hog-corn ratio*

bu. of corn per cwt. of live hogs..Sheep and lambs:

Receipts, principal markets, thous. of animals..Disposition:

Local slaughter doShipments, total. do

Stocker and feeder doPrices, wholesale (Chicago):

Ewes _ .- dol. per 100 lbLambs _ do

MEATSTotal meats:

Consumption, apparent mil. of lbExports*. doProduction (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, beef, cold storage, end of mo do

Lamb and mutton:Consumption, apparent doProduction (inspected slaughter) doStocks, cold storage, end of month.. . . .do . . .

Pork (including lard):Consumption, apparent . doExports, total do

Lardf doPrices, wholesale:

Hams, smoked (Chicago) dol. perlb. .Lard, in tierces:

Prime, contract (N. Y.) _ doRefined (Chicago) _ do

1,835632

.82

.87

.76

.78d728, 644d204,654^523, 990

13, 43412, 780

( l )

257,131

87 325S3 730

85 521

256

4.644.19

1,462

858594216

9 6910.339 59

2,650

1,92771833

5.04

7.6

1,687

915779132

3 8410 16

191,1771,032

80

1323"

.165429, 85146,028

52, 2453, 261

15, 82612, 607

.173

! .060! .065

6,0333,929

.84

.73

.71

.75

44,01614,423

318,34097, 835

293, 36681,334

'36,63185,02990, 372

8,783448

38, 927

5.163.58

8,44055.0

9,293699, 737

5,0003,641

1,476

«-928546187

9.229.669.13

2,105

' 1, 53956043

6.39

11.9

1,711

913804167

2.979.25

1,07343

1,08374968

452, 7211,114

.159444, 337

33, 591

53,19353, 2381,837

566, 92637,40322, 682

.206

.065

.075

7,4142,977

.78

.69

.67

.68

99,00630,840

0)89,281

149,372

8,003944

38,833

4.743.41

8,43257.4

9,063689, 557

5,150

1,667

971664242

9.309.539.68

1,948

1,39454635

6.03

13.1

2,042

9831,040

261

3.178.85

1,05348

1,03369969

452,9401,525

.156445,80033,456

53,01053,0731,893

547, 51842,22325, 339

.203

.061

.071

8,9355,903

.76

.69

.65

.72

43,92422, 791

(0135, 793

166,289

9, 552645

43, 746

4.903.36

9,52260.3

10,347772,787

5,300

1,764

972795375

9.099.26

10.03

2,007

1,45155036

5.75

12.0

2,392

9681,419

504

3.387.93

1,13839

1,03757366

476, 7161,401

.151469, 53433,027

56,02856, 5992,459

605, 52533,02822,848

.203

.060

.075

5,6752,530

.93

.88

.86

.90

38,99524,495

0)274,841800, 519161,987162,542137,332338,658

11,279669

51,101

5.764.36

11,19175.9

12,148890,697

5,5004,058

2,117

1,0191,074

5,46

10.2310.6811.09

1,995

1,45853439

7.54

12.6

2,625

1,0641,564

613

3.599.07

1,13240

1,065478

59

503,3572,042

.166495, 86736, 917

62, 51763,0302,965

566,58233,84824, 693

.206

.083

.104

4,6291,701

.88

.88

.83

.86

19, 79916,856

0)335, 367

151,015

9,946623

43,025

5.584.20

9,42861.5

10, 779752,851

5,710

2,438

1,1241,270

743

9.8710.0710.78

2,458

1,82561737

6.97

13.7

2,607

1,0751,520

693

3.859.00

1,16931

1,162452

58

494, 2081,546

.152499, 30649, 242

61, 60862,1473,499

613, 24825, 70019, 091

.209

.071

.083

4,1731,452

.91

.92

.86

.88

12,19014,936

0)316,296

141,986

7,944579

37,770

5.704.28

8,29856.3

8,929655,454

5,625

1,912

963973549

9.639.869.75

2,847

2,17766540

5.95

12.5

1,907

944984429

4.398.84

1,15737

1,28556269

457,2311,269

.150472, 20267,672

58, 39159,0884,187

641, 83833,00825, 706

.185

! .067.078

2,485597

1.031.04.98

1.006 754,971'191,540>563,431

11, 51013,086(0

310,855614,904132,842128, 846114, 231238,985

6,074402

36, 848

6.175.01

8,11955.0

8,523635,415

6,4755,165

1,404

833572273

9.5910.009.66

3,331

2,48284946

5.15

10.0

1,514

848671141

4.338.38

1,15642

1,41080895

438,1671,531

.166445,23476,974

56, 79157, 5554,803

660, 95736, 30818, 917

.176

.070

.077

2,650608

1.051.051.011.02

9,3908,8340)

301,434

119,001

9,284434

39,323

6.024.80

8,64956.3

9,243682,637

6,000

1,565

997548200

9.4610.4411.50

3,772

2,7531,007

47

5.25

9.7

1,728

1,071653119

4.608.60

1,27364

1,482977104

481,4101,325

.162475,578

78, 573

67,38867,1324,412

723,99256,57627, 988

.171

.066

.073

3,8161,430

1.041.06.99

1.01

11,4237,4030)

292,090

110, 761

8,233508

36, 400

5.664.73

8,02556.4

8,441630,066

5,700

1,247

810433163

9.0810.5310.47

2,922

2,07484143

4.93

9.1

1,424

86355984

5.098.60

1,05461

1,2141,093

107

424,1741,767

.150415, 20774,708

56,12456, 2814,488

573,24652, 81525,133

.173

.067

.072

6,7283,704

1.041.061.021.01

21,9208, 6590)

288,391437,968105,40180,81794,266

157,484

8,338643

37,812

5.704.79

8,32054.1

8,581657,156

5,3003,998

1,359

825516215

9.3111.3410.69

2,710

1,96474949

4.94

8.7

1,440

82462089

5.539.64

1,13230

1,1651,100

101

425, 4091,325

.159419, 498

72, 560

54,87154, 6774,257

651, 33625, 35620, 654

.168

.063

.070

3,8371,833

1.081.111.061.06

28,4389,459

280,625

105, 595

8,227427

37, 632

5.774.86

8,26953.7

8,454656, 277

5,100

1,554

974568244

9.4611.229 93

2,595

1,86871343

5.46

8.4

1,876

1 046828156

5 109 67

1,16728

1,1331,031

87

467, 4861,49]

.166453, 508

62,020

57, 30556, 6573, 580

642, 69623, 80618,849

.168

.066

.072

2,239227

1.011.04.95.97

29, 43718,525

( l )

258,939

97 670

42838, 694

5.324.55

8,51455.2

9,603673,073

1,576

936631263

9 8310.8911 31

2,674

2 00566648

5.66

8.4

2,002

1 077917]69

4.169 63

1 20021

1,2001,010

77

484,2251 366

.170467,179r 53,193

56 64756, 567

3, 463

659 59418,66414, 889

.171

.060

.070'Revised. » December 1 estimate. i Temporarily discontinued; data not available since the outbreak of war. <* July 1 estimate.New series. For data on United States wheat stocks beginning 1923, see table 29, p. 17, of the June 1939 Survey. For data on hog-corn ratio beginning 1913, see table 33,

exports of meats beginning 1913 appear in table 46, p. 16, of the November 1939 issue. ^ *-•* -**—*-* V-_J__*__ ,««« _.. x . ^For price of beef steers beginning 1913, see tablep. 18, of the June 1939 Survey. Data on e:40, page 18, of the August 1939 issue.

fRevised series. Data on exports of lard revised for period 1913-37 to include neutral lard; revisions are shown in table 47, p. 16, of the November 1939 issue.SRevised series. Data revised for 1937; see table 19, p. 14, of the April 1939 Survey.

44 SURVEY OF CURKENT BUSINESS August 1940

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.

1940

June

1939


berDecem-

ber

1940

Janu-ary



MEATS—ContinuedPork (including lard)—Continued.

Production (inspected slaughter) totalthous. of lb__

Lard doStocks, cold storage, end of month do

Fresh and cured. doLard.. __ -- do

POULTRY AND EGGSPoultry:

Receipts, 5 markets thous. of lb_.Stocks, cold storage, end of month do

Eggs:Receipts, 5 markets thous. of cases..Stocks, cold storage, end of month:

Shell thous. of cases..Frozen thous. oflb..

TROPICAL PRODUCTSCocoa:

Imports long tons.Price, spot, Accra (N. Y.) .dol. per lb...

Coffee:Clearances from Brazil, total..thous. of bags.

To United States do. . . .Imports into United States d o —Price, wholesale, Rio No. 7 (N. Y.)

dol. per lb_.Receipts at ports, Brazil thous. of bags_.Visible supply, total, excl. interior of Brazil

thous. of bags..United States. -do

Sugar:Raw sugar:

Cuban stocks, end of monththous. of Spanish tons..

United States:Meltings, 8 ports. . . long tons..Price, wholesale, 96° centrifugal (N. Y.)

dol. per lb_.Receipts: From Hawaii and Puerto Rico

long tons..Importsf d o —Stocks at refineries, end of month . .do

Refined sugar (United States):Exports d o —Price, retail, gran. (N. Y.) dol. per lb_.Price, wholesale, gran. (N. Y.)_ _do____Receipts:

From Hawaii & Puerto Rico, .long tons..Imports* d o —

From Cubaf d o —From Philippine Islandsf do

Tea:Imports thous. oflb..Price, wholesale, Formosa, fine (N. Y.)

dol. per lb_.Stocks in the United Kingdom..thous. oflb..

MISCELLANEOUS FOOD PRODUCTSCandy, sales by manufacturers}:, thous. of dol..Fish:

Landings, fresh fish, prin. ports..thous. of lb. .Salmon, canned, shipments cases..Stocks, cold storage, total, 15th of month

thous. oflb..Gelatin, edible:

Monthly report for 7 companies:Production.. d o —Shipments d o —Stocks do . . . .

Quarterly report for 11 companies:Production . . d o —Stocks do . . . .

Leaf:TOBACCO

Exports! thous. oflb..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. oflb.Fine cut chewing _. do—Plug doScrap chewing doSmoking doTwist ..do

694,535124,260902, 788597,074305, 714

28, 21282, 389

1,682

7,509150, 207

22, 288.0495

703571

1,226

.053972

997

2,021

336,579

.027

64,831232,047557, 564

38, 636.050.044

13, 75537, 48835, 2732,187

6,510

0)0)

0)

45, 322

1,5871,6226,950

20,9656, 425

d 1, 292

17, 565435,. 029

27, 660604, 312

585, 804106, 218645,173496, 796148, 377

28, 49467, 470

1,589

6,977141, 456

14,130.0436

1,563774

1,302

.0531,290

7,960857

2,038

308, 672

.029

127, 764217, 426382, 443

6,557.050.044

9,79938, 83925, 30311,192

6,724

161, 255

12, 696

38, 291221, 785

46, 965

1,4441,468

6,3239,478

17,1466,865

2,1371,705319

16, 595486, 721

30,107593, 218

27, 493461

4,6523, 91717, 979

484

534, 28494, 453

594, 581454, 766139, 8d5

27, 84464, 918

1,161

7,024144,359

16, 093.0433

1,217724

1,055

.0511,616

8,079781

1,846

362,129

.029

115, 750281, 731351, 005

8,723.050.043

3,84634, 51132, 8551,557

6,798

158, 739

11,185

41, 622211, 672

59,940

9531, 3536,096

15, 9406,463

14, 260427, 533

26, 246691, 696

23, 450400

4,2943,08915, 261

405

510, 69391, 676

471, 310360, 932110,378

25, 75962, 870

967

6,598135, 928

23,311.0438

1,357731

1,056

.0511,267

8,017

1,570

349, 987

.029

84,140•248,260293, 908

3,778.050.043

2,52741, 25136, 4304,482

7,499

0)0)

15, 256

45, 7370)

72, 765

8321,4415,488

33, 7737,541

16, 571500, 807

33, 291641, 931

29, 823408

5,1534,34619, 357

560

506,34088,611

379, 020300, 22678, 794

30,10163,164

788

5,430121,471

13, 707.0610

1,632917

1,095

.0521,523

7,918643

1,294

376, 814

.037

163, 801306, 636280, 086

8,997.064.056

10, 72663, 97959, 1204,710

7,307

0)0)

24, 242

39, 2080)

79, 383

9781,3875,080

4, 1147,974

45, 5766,491

2,2171,819290

14, 790486, 865

30, 361714, 576

26, 326348

4,4713,52117, 503

482

600, 505102, 914341, 393272, 65568, 738

37,22479, 228

619

3,519104, 282

27, 215.0537

2,0881,3171,469

.0532,058

8,334

1,082

337, 292

.034

137, 264171, 326305,164

18, 995.060.052

3,55016, 04512, 6963,288

7,653

0)0)

23, 442

38, 411(0

83, 296

1,4001, 5094,970

28, 5326,724

15, 384551, 230

30, 239433, 967

28, 749373

4,3703,82719, 660

518

753, 588137, 724421, 227332, 27288, 955

81,135127, 649

1,58087, 802

28, 366.0517

1,596862

1,560

.0541,712

8,163930

804

247, 328

.030

122, 525'•65,147365, 491

13, 469.056.048

1,28418, 58813, 9484,153

9,953

I)24, 966

35, 848(0

84, 571

1, 5581,1945,335

30, 4578,425

14,461505, 098

28, 436466, 966

25, 614366

3,8513,415

17, 467515

906, 801174,546631, 564469, 459162,105

77, 806167, 643

803

53272, 279

17, 032.0588

990485

1,511

.0521,265

8,0591,213

624

244, 604

.030

91,612232, 646378,089

17, 627.054.046

8,49963, 22962,175

915

11,954

0)0)

20, 297

'32,0490)

92, 431

1,8111,5315,616

6, 3568,844

31, 2609,478

6 1, 849

2,7192,319266

12, 803331,204

24, 057607, 719

22,152323

3,7633,19614, 421

449

939,102182, 039790, 776588, 601202,175

32,937166, 962

954

5756, 249

22, 951.0561

1,15ft573

1,225

.055949

7,662994

526

276,474

.029

29, 892111, 620413, 074

14, 213.052.045

15, 41813, 96813, 072

11,927

(00)

18,612

26,1660)

78, 563

1,9761,5596,033

36,6876,174

14, 568388, 085

26, 742616, 661

22, 970330

3,4843,59115,165

399

742, 054141, 687907, 293650, 653256, 640

22, 671144,759

1,017

8138, 070

30, 917. 0538

1,384668

1,228

.0561,319

7,644944

1,183

289, 291

.029

117, 576208,979445, 039

13, 631.051.044

25, 79024, 45222, 2752,176

8,863

819, 338

28,3800)

62, 622

1,9241,5716,385

18,4085, 285

13,163375, 824

26, 857576, 914

24, 049300

4,0353,397

' 15, 836481

690, 346129, 467921, 510652, 733268, 777

22, 054115,442

1,734

85444,199

14.865. 0556

1,162717

1,443

.056963

7,2511,053

2,226

333,186

.028

129, 878211,027501, 547

15,132.051.044

28, 71035, 07331, 2783,794

8,056

0)0)

18, 216

25, 29S0)

45, 592

1,9491,6186,716

7, 51510, 287

32, 5505,159

> 8992,411

351

13,021397, 490

27, 550537, 206

24, 045335

3, 6063, 363

16, 087454

622, 544116,671878, 008611,956266, 052

19,88986, 226

2,238

3, 34179,454

11,886.0000

.926539

1,274

.055

6,740895

2,501

339,755

.028

156,155207, 784500, 912

19, 001.051.044

26, 24553,87845, 6898,178

8,630

0)0)

16,212

20. 3440)

34,S35

2.0291,7377, 009

15,9125,790

14, 820425, 140

28.481509,420

25. 5'A

4. 2783. 507

10.9494S5

675,942126, 550

•876,512592,575283,937

26,042r 76,904

2,369

r 5,980'123,793

20,119.0553

1,342944

1, 339

.053760

1,018

2,260

351,629

.028

148, 904222, 536557,928

18,392.050.044

29,11545, 79438, 516

7,261

4,921

0)(')

15, 953

26, 6030)

r 33, 756

1,6881,7116, 985

32, 6166,770

16. 275409,313

29,924S03, 312

26, S88511

4,3313, 539

18, 004502

rRevised. h Revised estimate. * Temporarily discontinued, d July 1 estimate.t Revised series. Imports of raw and refined sugar revised beginning 1913; data not shown on p. 44 of the November 1939 Survey will appear in a subsequent issuetFor 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.*New series. Data on total imports of refined sugar beginning 1913 will appear in a subsequent issue.i Tobacco stocks on a new basis are shown in table 13, p. 15, of the March 1940 Survey. In an early issue, this series will be substituted for the series currently shown.



1940

June

1939


berDecem-

ber

1940

Janu-ary



TOBACCO—Continued

Manufactured products—Continued.Prices, wholesale:

Cigarettes.. dol. per 1,000..Cigars _ do

5.51346.056

5.51346. 056

5.51346.056

5.51346.056

5.51346.056

5.51346.056

5.51346.056

5.51346.056

5.51346.056

5.51346. 056

5.51346.056

5.51346. 056

5.51346.056

FUELS AND BYPRODUCTS

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

363

9.3334, 3663,869

506

1,948

25, 096240

6,184543124

3, 8326, 215

7887,170

100233

COKEExports .thous. of long tons.Price, beehive, Connellsville (furnace)

dol. per short ton.Production:

Beehivef thous. of short tons.Byproduct! do.. .Petroleum coke do-_.

Stocks, end of month:Byproduct plants, total do.__

At furnace plants do.. .At merchant plants do. . .

Petroleum coke do-..

PETROLEUM AND PRODUCTS!

3rude 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:

'las and fuel oils: jConsumption: j

Electric power plantsf thous. of bbL.Railways (class I) . doVessels'(bunker) do

Price, fuel oil (Pennsylvania)*dol. per gal..

Production:Residual fuel oil thous. of bbL..Gas oil and distillate fuels, total do

4.2644. 236

32, 640

41, 55834. 5586,468

506284

10, 2414, 639

58011,8407,000

77

4. 475

1514, 375

1, 803877926

3, 658.960

1, 017

2,926

.039

194

10.559.148

'3 ,5772,959

559

21, 52181

4, 361530123

3,3175,748

6716,690

99191

1.29

4.2464.238

• 27, 959

26, 99122, 7613,548

286170

6,6954,484

5187,0604,230

43

3.750

52r 3,079

142

2,657931

1,726710

104,6873,279

.960104, 607

85

85, 04938, 902

226, 46241, 463

184, 9991,608

' 1, 3593,9993,343

.043

24, 83613, 530

160

8.6672,9122,611

716

1,192

21,77272

4,748559124

3,5415,903

6656,160

97200

4.2434. 275

29,135

29,72524, 6654,535

342192

7,0024,242

5127,8405,060

39

3.750

463,365

145

2,772945

1,827733

106, 8993,061.960

110, 93784

85, 65538, 427

223, 55841,817

181,7411,641

'1 ,5614,0503,207

.043

25, 64412, 688

130

8.6013,8323,147

1,129

47

1,209

23,43769

5,177547128

3,8426,075719

92238

4.2464.306

34, 688

33, 62427, 4245,632357229

7,5004,224542

8,9406,200

66

3.750

443,666

143

2,921916

2,005682

107,6322,942.885

80, 86584

84, 03938, 072192, 98537, 441155, 5441, 561

«• 1,6714,0143,026

.043

25, 29913, 246

400

10.648.6494,7764,287

1,172

47

1,525

24,980117

5,517503130

4,0256,492

7667,430

140261

8.45

4.2714.362

38,150

36,94330, 2436,220

399250

7,9234,338

57310, 5406,700

95

3.750

753,904

111

2,812868

1,945

105, 5053,235.960

108,16885

82, 92737, 372189,34135, 781153, 5601,652

«• 1, 6494,2053,061

.042

26, 30212, 975

261

~~9.~03T4,9194,333

1,219

57

1,746

29,519399

6,400531138

4,5017,450980

9,120

158315

4.3324.436

45, 950

41, 91934, 2707, 250

442278

8,3705,050

64012, 2407,750

71

5.125

2564,527

1652,600

8061,794

652

110, 9803,093.960

114,198

126

9.1603,9363,329

1,365

58

1,715

30, 243540

6,457493140

4,4067,3221,0559,830

178293

4.3334.428

42, 835

45, 54237, 4028,115472271

8,8585,341665

13, 6808,140

52

5. 250

4, 567159

2,607836

1,771647

104, 9162,848.960

111,88783

82, 718 81,11235, 533 35, 129187, 579 | 191,16436, 922150,6571, 786

' 1,7114,6502,254

.041

27, 59415,017

39,427151,7371,820

' 1, 6064,2403,083

.041

26, 08813, 757

104

10.839.1563,8623,435

994

37

614

31,031489

6,668425146

4,6837,4611,029

10,130

111255

8.68

4.3224.404

37, 283

44, 57137,121

7,993444264

9,1195, 529

69213,0807,450

37

149

9.5015,6224,762

647

25

512

33,183372

6,654308155

4,9028,4361,106

11, 250

129308

4.3204.425

44,940

40, 22233, 5926,496

425239

9,0694,992

65111, 7206,630

28

114

9.5763,5463,163

372

23 !

510

28, 780242

5,676246141

4,2177,328900

10, 030

110

5.000

3144,718155

2,561896

1,665666

105, 8352, 651.960

114, 81081

80,22335, 478195, 83640,033155, 8031,892

' 1, 7554,3283,406

.039

26,94414, 433

4.3184. 45739,105

39, 07732, 5775, 875444218

9,1285,272650

10, 9906,500

4.813 i 4.550

121

11.309.5843,7733,208

128

602

28, 538211

5, 830337143

4,0297,288870

105241

i.37

2384,707

116

2,008842

1,166628

106, 5301,948.960

113,14081

79, 38035, 567196,40739,162157, 2451,578

1,9504,5023,497

.039

28, 08216, 548

1554,017

131

1,706784922628

101, 7662,244.960

81

79, 04736,110200, 70440, 212160,4921,655

1,4464.1003,082

.039

24, 68016, 262

4.2964.395

35, 210

35, 10830, 2085,305

408200

9,2574,660

5789,8004,900

46

4.475

1354,125

130

1,638800838624

110, 0792,866

.960120, 075

81

78, 44035, 943

207, 40740, 871

166, 5361, 677

i282

9.3883,7463,144

91

1,231

26, 072160

5,632418205

3,5616,721

7258,650

93226

4.2754.307

32, 962

35, 72130, 521

5, 150463243

9, 5144, 526

56510, 0605,200

42 I

4.475 |

1023,984

139

2,016931

1, 085663

106, 9793,368

.960116, 045

9.278r 3, 957

3,426

137

37

2,081

• 25, 741166

6,000513L31

' 3, 696' 6, 534

7517,950

128243

4,2654.240

35, 468

• 39, 203• 32, 403

5,956486

••248r 9, 798* 4, 602

53310, 7806,800

1064,244

152

2, 056955

1, 10168 L

111,8174, 266

.960118,283

83

78, 86636, 000

214, 32142, 119

172, 2021, 853

I78, 35935, 782

218, 49245,183

173. 3092, 083

I

1,2614,2813,350

.039

26, 87016, 346

I

979 |4,164 L2,930

.039 j

25,37215,260 I

••948

"3,242

.039

26, 54814, 541

r Revised .• N e w series. Da t a beginning J a n . 1918, will appear in a subsequent issue.tRevised series. Pet roleum and produc ts revised for 1937; see table 9, p . 15, of the M a r c h 1939 Survey . Revisions for 1938, which are minor , will appear in the 1940 Supple-

m e n t . Beehive and by-produc t coke product ion revised for 1937; see p . 45 of the December 1938 Survey. Gas and fuel oil consumption in electric power p lan t s , revised for1938; see p . 45 of the J u n e 1939 Survey; da t a also revised for 1939, revisions not shown above are as follows: Jan . 1,242; Feb . 1,116; M a r . 1,138; Apr. 1,242; M a y 1,372.

§ Revised series. D a t a for 1937 revised; see tables 19 and 20. p p . 14 and 15, of the April 1939 Survey.I D a t a for 1938 revised; revisions are as follows: Jan . 31,535; Feb . 27,925; M a r . 27,280; Apr. 22,027; M a y 21,739; June 22,898; Ju ly 23,763; Aug. 29,030; Sept. 32,769; Oct. 35,740;

N o v . 36,611; Dec. 37,228.

46 SURVEY OF CUREENT BUSINESS August 1940

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

1940

June

1939


berDecem-

ber

1940,

Janu-ary


FUELS AND BYPRODUCTS—Continued

PETROLEUM AND PRODUCTSf-Con.

Refined petroleum products—Continued.Gas and fuel oils—Continued.

Stocks, end of month:Residual fuel oil, east of California

thous. of bbL.Gas oil and distillate fuels, total do

Motor fuel:1Demand, domestic. thous. of bbL.Production, total _ do

Benzol . doStraight run gasoline doCracked gasoline doNatural gasoline do

Natural gasoline blended doExportsf do

Gasollne:1Price, wholesale, tank wagon (N. Y.)

dol. per gal__Price, wholesale, refining (Okla.) doPrice, retail, service station?, 50 cities, doRetail distribution!. mil. of gal..Stocks, end of month:

Finished gasoline, total thous. of bbl_.At refineries do

Natural gasoline .do . . . .Kerosene:

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.-- . . . d oPrice, wholesale, cylinder, refinery Penn-

sylvania dol. per gal_.Production ...thous. of bbL.Stocks, refinery, end of month d o . . .

Asphalt:Imports§ short tons. .Production doStocks, refinery, end of mon th . .do

Wax:Production thous. of lb_.Stocks, refinery, end of month do

2,175

.117

.048

.051

.143

260

22, 48025,659

49,81250,861

17421, 78224,8104,0952,6824,240

.111

.050

.1352,054

74, 39547,9726,749

3,570460

.0535,4397,949

1,902

.1052,8007,427

3,024485,800642,000

39,480111,604

25,02527,581

50, 50851,896

19122,50225, 0284,1752,9093,454

.107

.050

.1342,114

71,82444,196

7,123

3,710753

.0515,3908,855

1,982

.1052,7557,179

1,726509, 400696,000

28,840109,322

26, 11129,282

53,82852,161

21022,37126,1803,4003,0923,871

.107

.051

.1352,186

66,44841,046

6,624

4,436802

.0505,7839,361

1,963

.1053,0567,069

1,670577, 300529,500

31,080108,173

26,24930,018

49,34751,890

22521.83325,7004,1323,2374,055

.114

.053

.1342,037

65,49841,4235,891

4,638560

.0505,8069,952

2,207

.1342,8546,704

4,150550,400475,000

40,32089,584

26,10930,951

49, 68754,974

25923,61126, 6234,4814,3583,272

.124

.053

.1361,981

68,11643, 516

5,140

5,0191,089

.0506,1419,967

2,656

.1663,5756, 639

1,742541,800472,000

45,08081,147

24,01830,179

47, 27552, 691

26722, 41525, 6214,3884,2862,439

.125

.052

.1341,896

71, 61946,8984,579

6,023563

.0505,6429,019

1,927

.1683,2776,799

3,455391,400497,000

48,44081,369

20,88126.374

43, 69452,351

27522,01725, 5894,4704,0182,986

.127

.050

.134l,S50

77, 30151,9204,421

6,613631

.0485,8227,576

1,825

.1843,4787,142

8,622303,700550,000

48,44075,648

18, 76421,057

40, 37050, 243

27221, 70923,9914,2713,2851,928

.127

.047

1,646

84, 86360,4204,476

7,642356

.0485,3754,918

2,054

.2083,3087,328

4,619207, 200593,000

48, 44074,575

19,13019, 615

37, 55747, 596

23120,40922, 7774,1793.0671^788

.127

.044

1,543

92, 72168,2274,757

6,263279

.0505,9454,302

1,522

.1933,1087,825

1,876219, 600647,000

49, 56082,631

324, 200699,000

47, 32090, 373

44, 240103, 289

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins§ thous. of lb.Calf and kip skins § do .Cattle hides§. do . . .Goatskins§ d o . . .Sheep and lamb skins§ do . . .

Livestock (federally inspected slaughter):Calves... ._ „ thous. of animals.Cattle do . . .Hogs „ do . . .Sheep and Iambs do . . .

Prices, wholesale (Chicago):Hides,packers',heavy,native steers.dol.per lb.Calfskins, packers', 8 to 15 3b—. do . . .

LEATHERExports:

Sole leather thous. of lb_Upper leather§ thous. of sq. it-

Production:Calf and kip thous. of skins.Cattle hides thous. of hidesGoat andkidf thous. ofskins.Sheep and lamb do-_.

Prices, wholesale:Sole, oak, scoured backs (Boston)

dol. per lb.Chrome, calf, B grade, compositef

doh per sq. ft.Stocks of cattle hides and leather, end of month:

Totalf thous. of equiv. hides.In process and finished do._-Rawf do-.-

LEATHER MANUFACTURES

Gloves and mittens:Production (cut), total dozen pairs_

Dress and semi-dress „ do.._Work do

28,5211,085

16, 4015, 5763,919

437738

3,8861, 378

.105

.187

922,701

. 340

.455

22, 5632,3028,0345,2144,385

448778

3,1851,401

.110

.164

3,e

1,2271,7173,6683,066

.294

.392

13,1519,3473,804

184,099111,92772,172

22, 6822,6857,1285,2364,619

417782

2,7781,399

.115

.161

533,428

1,0641,6193,3113,096

.305

.392

13,0509,2333,817

161, 643104,98856,655

25,0931,8679,3085,3625,370

414823

2,7921,457

.116

.160

652,905

1,1551,9493,3624,201

.305

.392

12, 7589,0523,706

206,134130, 50075, 634

24, 5781,585

10, 6114,0134,807

427880

2,8851,635

.146

.211

544,839

1,0781,8143,0753,768

.348

.419

12,6538,8673,786

201, 356130,10971,247

21,3481,5038,8735,0254,517

482893

3,5451,585

.165

.240

2265,757

1,1621,9283,7073,939

.374

.463

12, 5568,8463,710

209,026133, 36275, 664

31,3601,980

13,0624,5788,586

450837

4,4371,469

.146

.214

4464,623

1, 0571,9573,3613,429

.368

.453

12, 7279,0423,685

202,008125, 360

76, 648

33,1971,461

16,8285,8215,114

381773

5,2361,389

.144

.222

2744,109

9551,8583,1672,950

.355

.452

12,9979,2763,721

144,48981,48463,005

30,3831,348

14,1786,0945,153

416827

5,3561,598

.140

.223

2593,685

1,0941,9723,6602,977

.358

.456

13,0299, 3573,672

125,95470, 32155, 633

32,4211,055

16, 2219,0174,071

378715

4,2771,313

.129

7733,214

9541,8923,2443,003

.455

12,8879,2033,684

154,32588,95665,369

23,8551,0059,6696,8363,997

440721

3,9811,266

.126

.216

6434,456

8681,7003,2243,012

.345

.457

12, 578••8,911

3,667

22,

9,5,4,

3,1,

3,

r 1,r 3r3,

r12,r 8 ,r 3 ,

767623068906933

480774610355

127212

354842

888566411189

345

466

526727799

155, 40288, 33367, 069

23, 7161,1187,7565, 7297,293

501796

3, 8901, 420

. 123.

.214

4562, 902

9911,5913,2473,328

.344

.46&

12,5158,8163,699

•146,345 ! 169,59081,355 ! 100,636

' 64,990 I 68,954' Revised.fFor petroleum and petroleum products, see note marked with a "f" o n P« 45. Retail distribution of gasoline revised for 1937-38; revisions for 1937 and 1938 not shown

on p. 46 of the June 1939 Survey will appear in a subsequent Survey. Exports of motor fuel revised beginning 1932, revisions not shown on p. 46 of the June 1940 Surveywill appear in a subsequent issue. Wholesale price of chrome, calf, B grade leather revised beginning January 1938; data not shown on p. 46 of the January 1940 Surveywill appear in a subsequent issue. Data for leather production and stocks of cattle hides and leather revised for 1939; see p. 46 of the May 1940 Survey.

TThe gasoline statistics in the above table have been rearranged and data on the production of benzol have been added. With this series included, it is possible to derivefigures of total production of motor fuels, as shown here. Data for benzol production beginning 1925 appear in table 52, p. 18, of the November 1939 issue.

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



1940

June

1939


berDecem-

ber

1940

Janu-ary


LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES—Continued

Shoes:Exports - .-thous. of pairs..Prices, wholesale* factory:

Men's black calf blucher dol. per pair..Men's black calf oxford f doWomen's colored, elk blucher .do

Production, boots, shoes, and slippers: tTotal thous. of pairs...

Athletic ----- -doAll fabric (satin, canvas, etc.) doPart fabric and part leather doHigh and low cut, total do

Boys' and youths' doInfants' - ...doMisses' and children's. . . .doMen's doWomen's do

Slippers and moccasins for housewearthous. of pairs..

All other footwear. _. do

129

6.005.053.30

27, 586352674302

22, 5341,2301,5862,9276,9249,867

3,078646

176

5.754.703.00

32,313303456293

26, 7511,3552,0383,6237,929

11,807

3,776733

184

5.754.703.00

34,212276255385

29, 2881,4041,8903,4217,677

14,896

3,679329

234

5.754.703.00

43,946365239576

37,1191,8482,1674,221

10,10618, 776

5,316330

205

5.754.703.00

36,807361279529

29,9931,5051,9813,6818,592

14, 233

5,396251

169

5.754.853.10

37,273442336678

29, 2501,4772,1703,7839,568

12, 252

6,283283

426

6.005.053.13

32,129385243566

24,6961,1721,9233,2289,0369,336

5,898341

161

6.005.053.15

28,690323277873

23,6941,1061,6283,3577,9399,663

3,285239

196

6.005.053.21

33,885274414

1,29130,298

1,1691,8383,9038,985

14,403

1,253355

316

6.005.053.30

35,651285529

1,29931,3241,1781,8943,8169,094

15,343

1,870345

220

6.005.053.30

34, 551311824

1,04829, 5381,0671,8213,6148,337

14, 700

2,288542

177

6.005.053.30

31,056349915692

25.5561J0171,7032, 8257,588

12,424

2,880663

142

6.005.053.30

• 29, 479-•343'965424

• 23, 8011,161

' 1, 575r 2, 601r 7, 41911,045

r 3,127819

LUMBER AND MANUFACTURES

LUMBER-ALL TYPESExports, total sawmill products* M bd. ft.

Sawed timber* do...Boards, planks, scantlings, etc.f _._.do.-.

Imports, total sawmill products*... _do...National Lumber Mfrs. Assn.:f

Production, total mil. bd. ft.Hardwoods do.. .Softwoods do.. .

Shipments, total do. . .Hardwoods. . . - -.do.--Softwoods - . .do . . .

Stocks, gross, end of month, total. . . . . .do._.Hardwoods do. . .Softwoods -do.--

FLOORING

Maple, beech, and birch:Orders, new M bd. ft-.Orders, unfilled, end of month doProduction do.Shipments do.Stocks, end of month ...do.

Oak:Orders, new ..do.Orders, unfilled, end of month do.Production - .do.Shipments do.Stocks, end of month do

SOFTWOODS

Douglas Fir:Exports, total sawmill products*._.M bd. ft..

Sawed timber ..doBoards, planks, scantlings, etc. do

Prices, wholesale:No. 1, common boards..dol. per M bd. ft..Flooring, 1 x 4, " B " and better, V. G.

dol. perMbd.ft--Southern Pine:

Exports, total sawmill products*.__M bd. ft..Sawed timber do...Boards, planks, scantlings, etc do--.

Orders, newf mil. bd. ft.Orders, unfilled, end of month.. . doPrice, wholesale, flooring..dol. per M bd. ft_-Productionf.... mil. bd. ft..Shipmentsf - doStocks, end of month .do

Western Pine:Orders, newf ...doOrders, unfilled, end of monthf doPrice, wholesale, Ponderosa Pine, 1 x 8, no. 2,

common (f. o. b. mills)..dol. per M bd. ft..Production! mil. bd. ft._Shipments .- doStocks, end of month do

West Coast Woods:Orders, new doOrders, unfilled, end of month doProduction f .. .doShipments! - - doStocks, end of month do

91,18014, 89262, 50960, 725

2,262298

1,9632,223

3481,8757, 5771,7685,810

7,0008,9006, 4507,400

18,400

33, 35752,51238,01543,12770, 027

29. 07810, ISO18,898

19.600

36. 260

28, 2094,341

23, 868609350

40.865588583

1,996

421300

28.49541425

1,861

531383610638920

112,13017,98489, 25454,692

2,252301

1,9512,262

3481,9148,0951,9856,110

6,85012, 4007,4008,200

18,400

36, 05839,79334,26837,40179,503

45,02810,99234,036

18.620

36.505

23, 4766,668

16,808673347

38.998637672

2,056

443238

25.08520432

1,883

572437566580950

115, 26419,69892,05153,021

2,143303

1,8412,157

3541,8038,0821,9406,142

8,10011,9006,2008,300

16,600

36,71339,52334,12636,98576,165

48,10511,50736,598

18.620

37.240

30,0287,916

22,112624341

39.383626630

2,052

454272

25.42484423

1,939

547487519537946

124,02120, 25699,15654, 222

2,401352

2,0492,534

3922,1437,9561,9046,052

8,25010,9508,1509,150

15,900

47,11746,19141,18044,66672,679

55, 75514,54641,209

19.110

37.828

18,8215,529

13, 292760378

40. 568689723

2,018

509298

25.65551489

1,965

772483580673869

100,83414,49182,16459,406

2,303359

1,9442,552

4312,1217,7051,8425,863

11,90014,4008,6008,700

16,000

58,23064, 77339,83544,81665,647

34,2808,972

25,288

19.845

39.445

28,6645,287

23,377894536

40.560625736

1,907

600415

26.81501489

1,977

674570577632838

84,3265,928

73,918102, 606

2,363377

1,9862,616

4702,1467,4401,7595,681

8,65014,1509,0008,800

16, 600

38,72959,69944, 75043,73966, 397

23,4161,982

21,434

20.874

41.552

24,2213,659

20,562661431

42.998670766

1,811

470377

28.61492514

1,954

514521600609839

73,6696,563

60,08873,935

2,250382

1,8692,208

4141,7937,4741,7295,745

6,20013, 0008,1507,050

18, 050

21,89047,19142,49735,62671, 603

23,2984,114

19,184

21.070

42.140

23,3322,258

21,074545343

42. 393647633

1,825

302254

29.64430431

1,953

513444579519908

84,83217,06362,10453,253

2,002359

1,6421,848

3061,5427,6651,8075,858

4,80011,575

7,0006,000

19,125

25,69242,28536,04630,59977,066

38,97112,61926,352

21.070

42.140

19,0634,017

15,046480306

41.875611517

1,919

329262

28.99291321

1,923

463452516487930

77, 51318, 27849,41653,650

1,817338

1,4801,846329

1,5167,6101,8175,793

5,80011,1257,1506,05020,125

44,62256,98035, 25229,85081, 295

34,95914,55620,403

20. 482

40.964

15,1443,48911,655

513334

41. 500515485

1,949

325279

28.77215309

1,829

656507535521953

59, 73413,21741,19745, 373

1,845354

1,4911,864

3481,5167,6211,8235,798

6,20011, 2506,6006,100

20, 700

42,33866, 20533,43533, 31281,012

25, 7048,424

17, 280

20.090

39. 690

14,7474,518

10, 229503357

41.798545480

2,014

300282

28.80212297

1,744

522513529538961

58, 40914, 90943, 50044, 088

2,051339

1,7122,099

3391,7607,5651,8245,741

6,35010, 6256,3507,025

20, 035

39, 65868, 06835, 26637, 69678, 471

31,10311,84919, 254

20.090

39. 200

12, 8382,697

10,141572331

41. 873621598

2,037

354285

29.30279351

1,672

546520601594976

72,40319,93452, 46945, 357

2,199341

1,8582,211

3381,8747, 5531, 8255, 728

6,3509,9006.8506,950

19, 700

34, 43861,24241,19041, 26479, 397

33, 24313,60319,640

19.698

38. 220

18,34S5,838

12, 510662348

41. 662636645

2,028

400287

29.09389397

1,664

556517612606981

99, 09826,85965, 73171,006

2,342344

1,9982,395354

2,0407,5131,8125,700

6,5509,3606, 4207,27019, 060

45,93561,46143,86545, 71675,139

45. 28821, 37523, 913

19. 600

37. 485

25,9284,86621,062

.6721324

41. 783659696

1,991

457304

29.02522441

1,745

667425595662926

' Revised.*New series. For the new series on exports of sawed timber and imports of sawmill products data beginning 1913 appear in tables 44 and 45, p. 18, of the October 1939

Survey. The new series on exports of total sawmill oroduets, 1913-39, are shown in table 17, p. 18, of the March 1940 Survey. For Douglas fir and southern pine, the newseries on total exports represent a total of the items regularly shown. Note that the more definitive title "boards, planks, scantlings, etc." has been substituted for "lumber."

t Revised series. Wholesale prices of men's black calf oxforda revised beginning January 1938 because of style change with price of vSlightly different type substituted atthat time. Revised data for 1938 are shown on p. 47 of the September 1939 Survey. For revisions in lumber, all types, southern pine, western pine, and west coast woodssee the note marked with a " t" on p. 47 of the March 1940 Survey. Revised data for total exports of boards, planks, scantlings, etc, 1913-39, are shown in table 17, p. 18, ofthe March 1940 Survey. Production of boots, shoes, and slippers revised for 1939; data not shown on p. 47 of the May 1940 issue will appear in the 1940 Supplement.



1940

June

1939


berDecem-

ber

1940

Janu-ary


LUMBER AND MANUFACTURES—Continued

SOFTWOODS—Continued

Redwood, California:Orders, new M bd. ft.Orders, unfilled, end of month doProduction __ doShipments doStocks, end of month. ._ d o —

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 6 doKitchen cabinets . . .do-_.Li ving-room davenports._ do

Steel furniture (see Iron and Steel Section).

29, 50027, 46829, 29328, 016

292, 640

63.0

4.01425

02. 012

77.9102.388.187.2

24, 49824, 56328,26227, 469

295, 551

50.0

2.02528

47.013

77.6102.388.187.2

23,16828, 37725,42123,497

296, 426

51.0

4.01630

50.013

77.6102.388.187.2

32,08528, 40432,98932, 405

298, 707

59.0

3.02030

56.018

78.1102.388.187.2

39, 72741,02730, 29526, 772

299,358

63.0

3.02331

56.019

78.1102.388.187.2

30, 78239,09233, 35832, 603

296, 462

66.0

5.02635

63.021

77.9102.388.187.2

22,00531, 44531, 20428,019

298, 397

67.0

7.02335

65.020

77.9102.388.187.2

17, 74928, 67827,88320,802

297,976

65.0

8.01326

67.016

77.9102.388.187.2

25,33126, 51727,23923, 793

296,026

60.0

5.02333

63.016

77.9102.388.187.2

21, 54426,41629,10521, 957

301,176

63.0

8.01630

65.016

77.9102.388.187.2

29, 704S 2,47228, 72727, 237

299,227

63.0

6.01525

58.016

77.9102.388.187.2

31,45031, 37131, 20731, 562

298, 317

62.0

10.01523

61.014

77.9102. 388.187.2

29, 26326, 55531,31033,391294, 231

7.01422

62.014

77.9102.388.187.2

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade:Exports (domestic) total § long tons-.

Scrap _ -doImports, total § do

Scrap doPrice, wholesale, iron and steel, composite

dol. per long ton..Ore

Iron ore:Lake Superior district:

Consumption by furnacesthous. of long tons--

Shipments from upper lake ports doStocks, end of month, total do

At furnaces doLake Erie docks do

Imports, total § _ doManganese ore, imports (manganese content) §

thous. of long tons-.

Pig Iron and Iron Manufactures

Castings, malleable:Orders, new short tons..Production do

Percent of capacityShipments _short tons..

Pig iron:Furnaces in blast, end of month:

Capacity! short 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 short tons..

Cast-iron boilers and radiators:Boilers, round:

Production thous. of 1b .Shipments doStocks, end of month do

Boilers, square:Production doShipments doStocks, end of month do

Radiators:Convection type:

Sales, incl. heating elements, cabinets,and grilles.._thous. sq. ft. heating surface._

Ordinary type:Production doShipments doStocks, end of month do

Boilers, range, galvanized:Orders:

New number of boilers -Unfilled, end of month, total do

Production doShipments doStocks, end of month do

Steel, Crude and Semimanufactured

Castings, steel:Orders, new, total short tons..

Percent of capacityRailway specialties short tons._

Production, total do.Percent of capacity.Railway specialties short tons..

936, 047318, 369

5,5051

37. 69

5,2139,487

23, 51620, 4283,088

162

51

38, 50334, 700

42.733, 323

173, 790182

22. 5023. 15

24.893,819

1.6971, 613

15,. 009

18, 69S14, 776

117,975

768

5,0974, 670

31, 913

75, 42731,15870, 45267, 31737,925

59, 66150.1

20,76450,651

42.514,483

588, 856398, 888

32, 5872,537

35.69

2,8305,573

25, 86121, 6104,251

189

15

29, 04130, 781

37.032, 566

81,194118

20.5021.15

22.892,373

1,9501,427

19, 421

16,19414, 577

126,130

729

4,6554,730

34, 975

59, 27716, 24562, 99663, 67031, 472

37, 77432.3

11,87240, 272

34.411, 060

513, 664350, 06630,8513,335

35.82

3,1436, 310

28, 50724,1964,311

222

24

29, 89228, 836

35.326,169

89, 337130

20.5021.15

22.892,639

1,3871,749

19, 056

15, 2S416,807

124, 581

811

4,1875,280

33, 902

53, 91419, 67147,89450, 48828, 878

34, 80429.7

7,72134, 168

29.28,498

477,078291,896

28, 3283,729

35.95

3,7756,955

32, 71428, 3654,349

213

18

40,00540, 212

47.933, 289

98, 241138

20.5021.15

22.892,979

1,9462,537

18, 463

21, 44225,360

120, 651

1,106

5,2997,234

32, 007

66, 08216, 69469, 65669,05929, 475

39,69833.9

6,91242, 428

36.310, 229

575, 613330, 680

29, 8743,216

36.67

4,1857,865

35,85331,2034,650

179

43

64, 73241, 427

50.539, 215

118,188169

21.5022.35

23.893,224

2,1814,634

16, 010

20, 69635, 593

105, 757

915

5,2999,209

28,133

133, 38461, 49486, 06988, 58426, 960

96, 68782.6

42, 21343, 590

37.212, 449

591, 856336, 77519,1892,305

37.62

5,2719,201

39, 00533, 944

5,121203

57

63, 83554,263

66.349, 807

135,033188

22.5023.15

24.894,063

2,6885,445

13, 264

20, 92539,86986, 890

792

6, 75410, 38724, 543

98, 69251, 226

110,988108, 960

28, 988

119. 687102.3

58, 53072, 096

61.626, 391

605, 555272, 656

15, 216837

37.50

5,4785,440

40, 73235, 5165,216

304

27

51, 77859,143

69.654, 038

138,975191

22.5023.15

24.894,167

2,2332,882

11,905

17, 27323,75180, 391

660

5. 6477,824

21, 424

80, 26548, 99984,18182, 49230, 677

99,89985.4

52,14685, 755

73.336, 615

600, 437206, 402

14, 7091,267

37.18

5,5380

35,44030,8054,635

163

54

45,97853, 663

65.253, 753

136, 702191

22.5023.15

24.894,221

1,4181,740

12, 002

14,81616, 22777,878

701

4,4745,166

21,653

72, 38044, 21381, 25277,16634, 763

64,14354.8

28, 26279, 732

68.133,146

583, 521187, 457

8,274442

37.09

5,2890

30,18925, 9014,288

209

39

40,43853, 372

64.252, 088

123, 990177

22.5023.15

24.894,032

1,4562,117

11,487

16,52515,44379,128

566

4,7354,173

21,767

69,40736, 08679,56577, 53436, 794

43,12136.8

8,30280,146

68.534,019

671, 301234,716

6,740273

36.97

4,2420

25, 96722,0873,880

237

43

34, 90142,163

51.743,935

106, 040157

22.5023.15

24.893,311

1, 6481,207

11,935

20, 61611,21488, 593

390

5,5303,135

24, 222

55, 02624, 53266, 03966, 58036, 253

40,91335.0

10,47267,454

57.628, 506

663,980206,928

5,09629

36. 83

4,0880

21, 86218,4123,450

167

42

35, 73039, 881

48.742,975

104, 675152

22.5023.15

24.893,270

1,6021,079

12, 454

18, 7909,253

98,121

505

5,7013,195

26, 829

55, 33919,16159, 31960, 71034, 862

36,61231.3

7,18258, 404

49.922,847

612, 906221,152

6,674482

36.69

3,935465

18,10615,1552,951

257

35, 29040, 529

50.141, 975

106, 395157

22. 5023.15

24.893,137

2, 2921,177

13, 565

17, 90010, 933

105,043

431

5,6703,626

28, 896

51, 06218, 50751.01251, 71634,158

41, 35335.3

8,84952, 078

44.517,017

783. 964312, 483r 7, 759

33

37. 33

4, 5667,245

19, 60316,7172,886

175

63

35, 56337,511

45.240, 919

119,905172

22.5023.15

24.893,514

2.7541,334

14,923

20, 92212, 024

114,032

691

6,5794, 539

30,971

72, 72523, 04868, 81668,18434, 790

50, 34643.0

12,96750, 034

42.815,137

* Revised.SRevised series. Data revised for 1937; see tables 19 and 20, pp. 14-15, of the April 1939 issue.tRevised series. Data on pig iron have been converted from a long to short tonnage basis; earlier data on the new basisiwill appear in a subsequent issue.



1940

June

1939


berDecem-

ber

1940

Janu-ary


METALS AND MANUFACTURES—Continued

IRON AND STEEL—ContinuedSteel, Crude and Semimanufactured—

Ingots, steel:Production t thous. of short tons..

Percent of capacity...Bars, 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:Shipments, of rolled and finished steel productsf

thous. of short tons..Steel, Manufactured Products

Barrels and drums, steel, heavy type:Orders, unfilled, end of month number. _Production ...do

Percent of capacity...Shipments number. .Stocks, end of month... do

Boilers, steel, new orders:Area . thous. of sq. ft..Quantity number..

Furniture, steel:Office furniture:

Orders:New thous. of dol..Unfilled, end of month do

Shipments doShelving:

Orders:New -. .doUnfilled, end of month do

Shipments doPlate, fabricated steel, new orders:

Total __.short tons..Oil storage tanks do

Plumbing and heating equipment, wholesaleprice (8 items) dollars...

Porcelain enameled products, shipments!thous. of dol. .

Spring washers, shipments • doSteel products, production for sale (qnarterlyi)f:

Merchant bars thous. of short tons...Pipo and tube do _Platas doRails doSheets, total do

Percent of capacity . . .Strip:

Cold rolled doHot rolled .do

Structural shapes, heavy .doTin plate doWire and wire products.. do

Track work, shipments short tons..NONFERROUS METALS AND

PRODUCTSMetals

Aluminum:Imports, bauxite § long tonsPrice, wholesale, scrap, castings (N. Y.)

dol. perlb. .Bearing metal (white-base antifriction):

Consumption and shipments, totalthous. of lb._

Consumed in own plants doShipments do

Copper:Exports, refined and manufactures§

short tons..Imports, total § do

For smelting, refining and export§_._doProduct of Cuba and Philippine Islands

short tons..All other§ do

Price, wholesale, electrolytic (N. Y.)dol. per Re-

production:Mine or smelter (incl. custom intake)

short tons..Refinery do

Deliveries, refined, total. doDomestic. doExport do

Stocks, refined, end of month doLead:

Imports, total, except manufactures (lead con-tent) § short tons..

Ore:Receipts, lead content of domestic ore.doShipments, Joplin district! do

5, 53386

44,474

.0265

34.00.021018.19

1, 210

176, 68111,097,836I 61.71.101.90146, 776

1,740

2. 2361,2622,160

547472

48, 63910,100

236. 75

2, 538158

32632531713174971.2

56104234244300

6,075

44,923

.0860

1, 966505

1,460

36,23623, 04114,335

1,1977,509

.1113

79,06486, 07765,15561,7163,439

199, 586

4, 723

36, 9573, 538

3,52453

35, 615

.0262

34.00.021013.56

208,000861,102

52.8850, 51339, 639

1,0321,098

1,9321,1791,745

425293460

33, 95913,481

234. 77

2.420183

602694560433

1, 63252.7

123204531623675

6, 832

43, 629

1,749611

1,137

39, 35023, 24821, 992

1841,072

.0978

59, 67261,71963,86253, 57310, 289

335,012

5,179

32, 3004,104

3, 56556

32,809

.0261

34.00.021013. 56

745

235, 772750, 276

46.0756,89033,025

7721,033

1,7741,3611,596

407291366

31,364

234.71

2,462149

5,330

44,805

1,613517

1,096

35,16821,12318, 646

1352,342

.0998

54,85057, 33975, 80859, 68116,127

316, 543

3,864

31, 2683,491

4,24261

42,895

.0261

34.00.021013.88

247,729851,087

52.2849, 69734,407

8901,175

1,8551,2851,932

411263440

21. 8288,229

234.87

3,047184

5,402

40,644

.0702

1,999629

1,370

45,84016,17615, 582

136459

.1026

0)0)0)0)0)0)

3,019

35, 0634,484

4,76972

55, 495

.0261

34.00. 021016.22

1,087

71,7141,203,820

73.81,207,335

30,892

1, 7521,380

2,0971,3342,048

421266418

39, 75111, 498

235.19

2,778233

770912628210

2,03565.6

170276628658770

4,916

33,133

.0713

3,133741

2,392

35,69617,01516,664

128224

.1164

0)0)0)0)0)0)

4,391

35, 6123,415

6,08091

67, 599

.0263

34.00.021019.05

1,346

6,148 I92 j

5,82291

5, 655 4, 26564

67,977 I 61,591 j 57,232 | 46,277 I 4.

.0263 I

34.00 i.0210 i17.66 |

1,406

.0265

34.00.021016.56

1,444

1,147,918 966,519 j 767,5911,612,384 |l,636,273 !l,46S963

92. 3 j 92. 4 I 82.91,576,690 1,653,078 1,457,472

, 405

66, 586

1,089997

2,1811,3652,150

526335456

37, 76610,991

235. 33

3,153262

5,658

45, 660

.0713

2,635789

1,846

26,80615, 36013,012

1.464885

. 1222

0)(0(00)0)0)

4,063

35, 9364,380

49, 781

802659

2,1201,2992,187

668511493

26,0209,107

236. 33

2, 752234

61, 251

554477

2,0951,2472,160

640494534

23, 6276,665

236. 40

2,632221

1,1871,1841, 045316

2,945

6,640

95. 5

248451869809

1,0136,768

.0265

34.00.021016.38

1,146

450, 0321,137,543

64.01,158,34541, 708

534489

2,3671,3502,264

504443556

33,8049,781

236. 26

2,731241

6,762

54,801 ! 58>826 I 50,456

•0950 ! .0950

2,456794

1,661

41,04919, 93717,451

1, 3641,122

.1228

2,034634

1,400

62,50529,54527, 672

1,395478

.1228

0)0)0)0)0)(')

I s408, 775jJ379,841| *536,8991*457,315! « 79, 584I'159,485

2, 762 4,164

37, 0576,355

38,8354,234

.0948

2,322672

1,650

63, 77531, 55829,869

1,6881

. 1195

89,59880, 501104,54591, 42813,117

135, 441

4,496

37,6493,710

34.00.021015.75

1, 009

335,183802,960

45.1808,63536, 033

558411

2,2001,2862,264

4S1444479

25,8245,251

234.38

2,746173

34.00.021015. 69

932

243, 081851,912

47.9853, 5G434,381

761526

2,097958

2,424

3, 97560

44, 621

. 0262

34. 00. 021015.33

908

235, 4*5951.480

53. 5949,05436, 807

878030

2, 2191,1692,008

475 494368 363552 499

35,435 30 21312,282 6;643

236. 57 236. 86

6,898

54,651

.0925

1,749429

1,321

40,74530,53828,698

1,026814

76,14582,76172,80963,2159. 594

145, 393

2, 958

35,9373,110

2, 776188

959846870527

2,32471.8

177309537699793

8,446

53, 024

.0913

1,955514

1,442

39, 27322, 55422,485

662

.1116

2, 647170

250245165580

54. 3

52

374235236

7,654 I

4.841I 70F43,654

.0265

34.00.021016. 88

1,084

291,764930, 319

52.3916, 28550.841

fl,066809

' 2,1191.1862,102

594447510

40. 40815, 590

236. 78

2, 895173

266295281146716

65. 9

4599210248274

7,276

33, 449

.0863

1, 664475

1,188

25, 49430,55028,134

2,101314

.1109

85 79686, 2957164

7159

4,

893376517795

787

84.36680, 90471,63968, 665

2.974169,120

2, 866i

37.9493.892

37,96:',3, 705

43,110

. 0S65

1,923363

1, 561

35, 42228, 53227. 953

10569

.1108

r 82, 682r 8f>, 029

76, 48569, 467

7,018178. 664

7, 404

40,1964,474

r Revised. 1 Monthly data not available. 3 End of December.2 Total for August-December.JData for August, November 1939, January and Mav 1940 are for 5 weeks; other months, 4 weeks. •Data are for 6 manufacturers beginning January 1940.§Revised series. Data revised for 1937; see tables 19* and 20, pp. 14 and 15, of the April 1939 Survey. ^Monthly data reported beginning with April 1940.tSteel ingot production, steel shipments of the U. S. Steel Corporation, and steel products, production for sale, have been changed from a long to short tonnage basis, and

the latter series revised to exclude shipments to members of the industry for further conversion; monthly data beginning 1929 for steel shipments appear in table 21, p. 18, ofthe April 1940 Survey; data beginning 1913 for steel ingot production are shown in table 26, p. 17, of the May 1940 issue; revised data beginning 1933 for steel products will appear

iuent issue. Date for porcelain enamel products beginning 1937 are for 55 identical manufacturers and replace the series for 19 manufacturer? formerly shown; datain a subseq ...not shown on p . 49 of the M a r c h 1940 Survey will appear in the 1940 Supp lement . Beginning J a n u a r y 1939 the Census reports also contain a series for 99 es tabl ishments .


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.

1940

June

1939

June July A u S u s t I temb'er j October Novem-ber

Decem-ber

1940

Janu-ary


i


!XONFERROUS METALS ANDPRODUCTS—Continued

Metals—ContinuedLead—Continued.

Refined:Price, wholesale, pig, desilverized (N. Y.)

dol. per lb-_Production from domestic ore...short tons..Shipments (reported) . doStocks, end of month do

Tin:Consumption of primary tin in manufac-

tures long tons..Deliveries doImports, bars, block, etc doPrice, wholesale, Straits (N. Y.)_dol. per lb—Visible supply, world, end of mo.f-long tons—

United States (excluding afloat) doZinc:

Ore, Joplin district:!Shipments short tons-Stocks, end of month do

Price, wholesale, prime, western (St. L.)dol. per Re-

production, slab, at'primary smeltersshort tons..

Retorts in operation, end'of mo number..Shipments, total _..short tons..Stocks, refinery, end of mo.. - do

Miscellaneous ProductsBrass and bronze (ingots and billets):

Deliveries short tons..Orders, unfilled, end of month do '

Plumbing fixtures, brass, shipmentsthous. of pieces..

Radiators, convection type, sales:Heating elements only, without cabinets or

grilles thous. of sq. ft. heating surface..Including heating elements, cabinets, and

grilles thous. of sq. ft. heating surface..Sheets, brass, wholesale price, mill..dol. per lb._Wire cloth (brass, bronze, and alloy):

Orders, new thous. of sq. ft..Orders, unfilled, end of month doShipments doStocks, end of month do

MACHINERY AND APPARATUS

Air-conditioning systems and equipment:!Orders, new:

Total thous. of dol . .Air-conditioning group.. doFan-group doUnit-heater group do

Electric overhead cranes:Orders:

New doUnfilled, end of month . . do

Shipments doExports, machinery. (See Foreign trade.)Foundry equipment:

Orders:New .....1922-24=100...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 doClasses 4 and 5:

Number . . . .Horsepower

Machine tools orders, newtav. mo. shipments 1926=100.-

Pumps and water systems, domestic, ship-ments:

Pitcher, other hand, and windmill pumpsuni t s . .

Power pumps, horizontal type doWater systems, incl. pumps do

Pumps, measuring and dispensing, shipments:Gasoline:

Hand-operated uni t s . .Power do

Oil, grease, and other:Hand-operated -doPower _.do

1 Discontinued by reporting source.

0.050034,04149,90455,343

9,22511,611. 525431,8695,300

33,5309,201

.0624

49,15546, 57753,51870, 673

7,18122, 287

1,697

112

531.185

6061,124516693

7612,196334

19, 6725,98518, 38719, 367

25

9,769

21738,40S

0)

41,419928

20, 415

1,57411,072

17,9682,454

0. 048037,23738,710129,636

5,7804,9256,020. 4885

30,0394,388

31,2126,749

.0450

39,45036, 29137, 284135,241

5,02611,065

1,577

138

814.165

750444582

5,9313,9011,509521

2741,813215

134.9159.2148.5

17, 9016,45116.90619,947

17

7,676

26756, 419

211.6

55, 048953

23, 067

1,12911,430

15,6123,186

0. 048534,92642, 636124,017

5,2405, 2756,179.4852

29,6155,339

26,2487,601

.0452

39, 66935, 49143,128131, 782

5,03514, 625

1,532

125

657.167

468823392624

4,6912,8181,327546

3831,917280

114.0135.6135.5

17, 8386,952

17.33718, 854

11

9,335

27951, 673

230.9 !

52, 336

19,

9,

1 2

964029

875419

053011

0. 050436,55645,025117,985

5,9006,2954,735.4876

26,3383,613

35, 7489,503

.0472

40, 96034,44349, 928122, 814

6,00615, 542

1,721

787.168

413

439637

4,6572,6311,336690

8442,414347

131.6123.1143.8

22, 7485,040

24, 66019, 642

14

14,833

37663, 899

206.5

52, 8971,138

19, 890

7369,275

12,4682,449

0. 054535,08659,88997,473

6,5705,0504,427.6350

31,1683,413

30,2859,958

.0610

42,22537, 72969, 42495, 615

7,53922,499

2,109

105

986.183

1,2701,513547593

5,7433,3281,422993

4342,474375

184.4174.9132.6

36, 2795, 967

35, 35216, 460

53

20,161

43986, 714

0)

47, 439860

18,452

9627,624

12, 5542,703

0. 055038,90366, 06073, 963

7, 6306,0405,247. 552538,2063,536

36, 7347,204

.0650

50,11743,10973,32772,405

8,99317, 878

1,992

80

891.190

1,1782,125564638

6,1213,3221,3871,412

5692,665378

220.6224.7170.7

33, 6574,966

34, 65816, 675

38

18, 040

37663, 264

0)

43, 908949

17,444

7688,611

14,7852,384

0. 055044, 74864,36558,061

7, 5407,8707, 629.5224

38, 0353,283

41, 6639,701

.0650

53,52446,86764,40761, 522

8,49713,459

1,820

94

870.191

3291,829616612

4,9542,4981,3101,146

4452,390719

203.6257.8170.1

18, 7583,639

20, 08518,165

45

8,225

26651,735

0)

35, 961792

16,993

7418,751

16,0861 1,914

0. 055042, 54744,88158,777

6,94011,36612,518.5064

38,2803,302

28,16313, 548

.0598

57,94148,15953,46865,995

5, 52111,436

1,514

75

591.193

3431,593567616

4,4932,702980811

4142,368435

165.3222.4200.1

12, 5662,90513,30016, 764

4,762

20739, 038

0)

29,441976

13,389

612

0. 054747,14939,87568,539

6,6809,7808,851.4672

35, 5731,749

35,6114,097

.0564

57,15847,28757,55165,602

5, 8518,214

45

450.191

3911,343637585

4002,172596

197.9231.2193.2

13,1083,05012,96317,144

11

•• 3, 996

12825, 515

0)

0.050840,56439,17672, 658

5,6106,6006,499.459433,1482,078

28, 0263,551

.0553

54,53247,18853,048

17,500

1,735

30

392.183

3631,216476627

0)0)(2)

2501,743679

179.4226.5184.2

11, 2392,76711,52215,672

20

r 3,654

14928, 591

0)

40, 292 i 38, 5401,396 I 66217,469 14,718

7765,775

1,0706,304

0.051944, 78346 35374, 692

5 5409,24410, 334.470932,3392, 635

29, 3934,798

.0575

57, 62048 08051,09573, 611

43

297.183

350,073489621

0)0)(2)

5341,683594

243.4291.0179.0

12,8832,880

12, 77016,755

25

«• 4 , 3 4 2

11130,177

0)

37, 9771,214

16,060

14,417 9,659 | 10,578 I1,349 3,244 I 3,106

2 Data are available only on a quarterly basis. 3 Not available.th i d b i i J 1940 t l d hifl d t

1, 6857,613

14,4663,462

T Revised.

0.057131,19246,49663,610

5,9607,8557,886. 4682

32,1492,964

31.4245,454

. 0575

54,60149.8C546,97881,234

6,73514,034

1,582

67

520.183

3821,005445695

0)0)

4671,640515

193 9331.4154.1

15,8894,37514,39416,656

33

6,490

12529,677

(0

33,236829

20,971

2,20111,578

18,5792,591

0.050237.91846,91962,955

6,3607,9057,982. 5148

3,677

41,1835,851

.0580

52,97948,98959,17775, 036

7,05621,475

1,647

103

487.183

5411,041496716

0)

(J)520

1,769391

18,1544,70017,82919,239

36

8,254

16142, 332

0)

35,245804

22,099

2, 33012,577

20,0812,676

y p t g y on a quarterly basis. Not available. Revised.tRevised series. Air-conditioning data have been further revised beginning January 1940, to exclude chiefly data on air-conditioning systems primarily for wint u

Data on the fan and unit-heater groups will be available on a quarterly basis in the future. Data for summer and year-round air-conditioning will be shown in a subsequenti W l d i i b l l f ti i d ; j b i J 1935 t i l d t k f fid ti t ll E lt ii t h 50 f th N b 1939

nter use.o a a d a g o p a a a b a q a y asis in t e future. Data for summer and yearround airconditioning will be shown in a subsequent

issue. World visible supply of tin revised;jbeginnmg January 1935 to include stocks of refined tin at all European smelters; revisions not shown on p. 50 of the November 1939Survey will appear in a subsequent issue.

IData for August and November 1939, January and May 1940 are for 5 weeks; other months. 4 weeks.JA new series based on the operations of manufacturers accounting for about 60 percent of the total dollar sales of machine tools has been compiled beginning January 1939.

Available data are as follows (percent of capacity): 1939—Jan., 52.5; Feb.. 56.1; Mar., 58.7; Apr., 61.2; Mav, 63.6; June, 65.5; July, 65.8; Aug., 72.6; Sept., 74.6; Oct., 84 9- Nov ,91.2; Dec, 93.3: 1940—Jan., 93.3; Feb., 92.9; Mar. ,93.4; Apr., 93.4; Mav, 92.5, June 92.3.



1940

June

1939


berDecem-

ber

1940

Janu-ary



MACHINEEY ANI> APPARATUS—Con.Pumps, steam, power, centrifugal, and rotary;

Orders, new thous. of doL.Water-softening apparatus:

Shipments, domestic ... . . .units..Woodworking machinery:

Orders:Canceled thous. of dol..New „. doUnfilled, end of month . . . . do

Shipments:Quantity number of machines..Value .thous. of dol._

ELECTRICAL EQUIPMENT

Battery shipments (automotive replacementonly):*

Unadjusted 1934-36=100..Adjusted.- _. do

Electrical products:*Industrial materials, sales b i l led . . . 1938= 100._Motors and generators, orders received __doTransmission and distribution equipment,

orders received 1936=100..Furnaces, electric, industrial, sales:

Uni t . . . . k i lowa t t s . .Value thous. of dol—

Electrical goods, new orders (quarterly)thous, of dol._

Ironers, household, shipments* units...Laminated products, shipments. . thous. of dol—Motors (1-200 hp.):

Billings (shipments), A. C . . . d oBillings (shipments), D . 0— doNew orders, A. O doNew orders, D . O do

Power cable, paper insulated, shipments:Unit thous. of f t . .Value thous. of dol—

Power switching equipment, new orders:Indoor dollars..Outdoor do

Ranges, billed sales thous. of dol—Refrigerators, household, sales . number . .Vacuum cleaners, shipments:

Floor doHand-type do

Vulcanized fiber:Consumption of fiber paper thous. of lb._Shipments!- . thous. of dol—

Washers, household, shipments * units—

1,237

5,381476

268,1208,5711,325

3,000866

3,1861,703

758836

0)0)

2, 327! 328, 889

120, 20024, 037

1,999458

112, 134

1,673

1,282

417905

224411

111163

88.687.8

97.8

3,228213

205, 567r 8, 317

901

2,410574

2,504549

652718

92, 347217, 846

2,025268, 848

80, 66019,014

1,735441

120,076

1,090

1,308

5438980

157357

133139

78.276.0

115.3

1,33297

7,741805

2,053538

2,128406

716773

90, 302283, 614

1,428164,211

61,49215,197

1,725437

104,817

1,585

1,236

29432948

269435

176132

91.694.3

103.2

1,921182

11, 386906

2,398524

2,595569

783860

67,963259,436

1,79994, 734

74, 33322, 268

1,971528

132, 297

1,469

1,512

5620

1,145

218418

239154

98.5116.4

146.5

3,279291

212,00110, 5651,019

2,361474

2,7251,102

676781

71, 449240, 535

1,89173,149

93,85126,857

2,284548

138,992

1,809

1,450

1571

1,206

288509

21S129

123.0136.5

151.6

6,103438

11,1611,296

2, 535555

3,1511,403

1,074824

88, 485321,761

1,71462, 055

106, 53931,362

2,722660

142, 830

1,339

1,481

6652

1,346

232505

165118

132.0125.1

137.3

4,153368

9,9901,348

2,730677

3,2761,047

752656

126, 480355,056

1,44255,113

108, 33832, 728

2,594748

102, 990

1,049

1,201

8518

1,364

261492

9987

121.9161.7

123.6

9,587480

254, 30211,8541,306

3,103797

3,4721,867

655731

64,153272, 658

1,01992, 479

118,73036, 471

2,492854

77,270

1,011

1,154

(>)488

1,449

188402

180227

124.897.3

121.3

2,084167

10, 3731, 257

2,733582

2,417813

554721

(00)2,832

234, 662

92, 80627. 362

2,808660

119, 228

I

1,147

1,159

5341,460

232520

101159

110.497.9

132.8I

5,634 !324 |

1,457

1,556

5590

113.7115.9

133.8

7,802557

238,84610,1831,173

2, 686775

2,679622

561641

0)0) .

2, 510280, 980

116,04928, 324

2,356589

142,318

12,0481,306

2,693860

2,958803

564720

(0(02,790

298,238

147,12031,009

2, 368539

149, 730

1,178

1,364

67123

112.8

' 107. 1

r 127. 74, 697

314

11,9841,320

2,857815

3,013••692

813

(00)2,943

339, 693

139, 76830,441

2,556537

135,179

1,809

1,623

73132

113.1117.2

135.7

4,905407

10, 5901,308

3,126830

3,039946

728902

0)0)2,932

385, 688

143,836' 30,060

2,205554

118,987

PAPER AND PRINTING

WOOD PULPConsumption and shipments: *t

Total, all grades. _. short tons.Chemical:

Sulphate .do. . .Sulphite, total do. . .

Bleached do. . .Unbleached _ do. . .

Soda ___do._.Groundwood do.._

Imports:Chemical do._.Groundwood do. . .

Production: tTotal, all grades . . .do . . .

Chemical:Sulphate do._.Sulphite, total do. . .

Bleached do. . .Unbleached _ do. . .

Soda __.do___Groundwood ..do

Stocks, end of monthrfTotal, all grades do. . .

Chemical:Sulphate -__do___Sulphite, total do. . .

Bleached... do. . .Unbleached do. . .

Soda do. . .Groundwood - do. . .

Price, sulphite, unbleached dol. per 1001b.PAPER

Total paper:fPaper incl. newsprint and paperboard:f

Production. - . short tons.Paper, excl. newsprint and paperboard:!

Orders, new —__.. short tons.Production— _ do._.Shipments. _ ..do

742,100

331, 600226, 000141, 50084, 50050, 500134, 00072, 22021,138

738, 700

327,100227, 500142, 70084, 80051,000133,100

165, 200

13, 90079,70051, 60028,1004,700

66, 9003.34

519, 500

221, 300146,80090,60056,20033, 200118, 200

152, 71917,403

524, 521

220,435153, 28896, 67856,61034,363116, 435

219, 700

35,100103, 40067,30036,1006,40074,800

1.95

513, 000

228, 200143, 30091,10052,20031, 200110, 300

137,43119, 694

490, 111

226, 482132, 41082,16450, 24629, 574101, 645

196, 800

33, 40092,50058,40034,1004,80066,100

1.95

378,077371, 656376, 096

356,741350,166368, 370

572,300

256,800154,10096,30057,80036,300125, 200

130,92019, 649

554,811

254,379158,17296, 67861, 49436, 410105,850

179,300

31,00096,60058,80037,8004,900

46,8001.95

!8,727 ! 791,703 935,382

419,177412,156408, 591

615, 300

262,900187, 500119, 00068, 50039, 900125,000

136, 84323, 574

576, 225

256, 731171,090108,48662,60439,944108, 460

140, 200

24, 80080, 20048, 30031, 8004,90030,3002.13

683, 900

296, 700207, 200130, 70076, 50047,100133,000

194, 61521,527

673, 634

294,912205,394129, 39675, 99846, 453126,875

129, 900

23,00078,40047,00031, 4004,300

24, 2002.28

680,300

292,100207,800130,20077,60047,300133, 000

249, 88622,163

672,813

290,920207, 339130, 74976,59047, 244127,310

122, 400

21, 80077, 90047,50030, 4004,20018, 5002.28

957,628 II, 073, 961 1,046,687

633, 809 506,885434.932 i 488,904456, 3G0 ' 4 9 4 " "

426, 342484, 993487, 467

677, 300

301,500198, 900124,30074,60048, 600128,300

204,99330, 465

678,521

297,182198, 575124, 35374, 22248, 639134,125

123, 600

17,50077,60047,60029, 9004, 200

24, 3002.51

971, 482

416,102464, 540463, 241

698, 400

311,000202, 700126, 60076,10046,900137, 800

242,97219,199

713,600

310,000213, 700134,00079, 70048, 300141,600

138, 700

16, 50088, 50055, 00033, 5005,600

28,1002.83

974, 568

395, 874459, 547439, 603

645, 400

279,100200,300126,30074,00040, 700125,300

144,10414, 723

647, 500

280, 400198,100124, 20073, 90041, 900127,100

140, 800

17, 80086, 30052,90033, 4006.800

29, 9002.85

895,059

369,670413,634393,352

664,400

285, 500206, 300125, 40080,90043,100129, 600

65,9517,964

677, 700

284, 500214,000133,50080, 50043,100136 100

154, 200

16. 90094,00061,00033,0006,90036, 4002.85

398,896405,824397,553

703, 600

299, 400224, 600143, 40081, 200H 000135, 600

96, 58313,403

708, 600

299, 500212, 300133,90078, 40043,900152, 900

159, 200

17, 00081, 80051, 50030, 3006,70053, 7002.96

936,751

489,334• 432,908• 421, 082

765, 400

334,400235, 200146, 00089, 20053, 200142, 700

62, 89918, 446

774, 700

335, 700231, 600144, 80086, 80050, 600156, 700

168, 500

18, 40078, 20050, 30027,9004, 20067. 8003. 18

1,038,258

506, 860477, 807480, 873

«" Revised. b Less than $500. •Pulp used in the producing mills and shipments to the market.i Data discontinued by reporting source. 2 No comparable data. e Estimated.•New series. Data on battery shipments beginning 1934 appear in table 35, p. 17, of the August 1939 issue. Shipments cf household washers and ironeis beginning 1929

appear in table 43, p. 17, of the October 1939 issue. For data on electrical products beginning 1934, see table 32, p. 18, of the June 1939 Survey; data are furnished by bothmember and nonrnember companies rather than member companies alone as therein stated.

fRevised series. Data on vulcanized fibre shipments revised beginning 1934; data not shown on p. 51 of the January 1939 Survey will appear in a subsequent issue.Data on total paper, and paper, excluding newsprint and paperboard revised beginning 1934. Previously reported data were distributed into months of 4 and 5 weeks> but inthe new series, weeks overlapping in two months have been prorated. "Paper, excluding newsprint and paperboard," has also been revised to exclude data for kraft board, whichis in part included in figures for paperboard; this revision is reflected in "paper, including newsprint and paperboard," which is obtained by addition. Wood pulp data havebeen revised beginning 1937. Revisions for wood pulp and paper not shown on p. 51 of the April and May 1910 Surveys, respectively, will appear in a subsequent issue.


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.

1940

June

1939


berDecem-

ber

1940

Janu-ary

Febru-ary

March April M a y

PAPER AND PRINTING—Continued

PAPER—Continued

Book paper:fCoated paper:

Orders, new short tons.Orders, unfilled, end of month do. . .Production do. . .

Percent of potential capacityShipments short tons.Stocks, end of month do.. .

Uncoated paper:Orders, new doOrders, unfilled, end of month do.. .Price, wholesale, " B " grade, English fin-

ish, white, f. o. b. mills..dol. per 100 Ib.Production short tons-

Percent of potential capacityShipments short tons.Stocks, end of monthj do. . .

Fine paper:!Orders, new do.._Orders, unfilled, end of month do__.Production __do.__Shipments _do__.Stocks, end of month do. . .

Wrapping paper:!Orders, new do.. .Orders, unfilled, end of month do__.Production do. . .Shipments do. . .Stocks, end of month do...

Newsprint:Canada:

Exports do. . .Production do. . .Shipments from mills doStocks, at mills, end of month. do

United States:Consumption by publishers!.. .do . . .Imports? doPrice, rolls (N. Y.)- -dol.per short ton_Production short tons.Shipments from mills do. . .Stocks, end of month:

At mills do. . .At publishers!. do.. .In transit to publishers! do.. .

Paperboard:Consumption, waste paper do.. .Orders, new do...Orders, unfilled, end of"month do. . .Production do__.

Percent of capacity .Waste paper stocks, at mills short tons.

PAPER PRODUCTS

Coated abrasive paper and cloth:Shipments reams.

Paperboard shipping boxes:Shipments, total ....mil. of sq. ft.

Corrugated do .Solid fiber do. _

PRINTINGBook publications, total no. of editions.

New books do.. .New editions do....

Continuous form stationery, new ordersthous. of sets.

Operations (productive activity) 1923 = 100.Sales books, n e w orders ..thous. of books.

20, 3598,618

19, 71774.0

20, 69515, 089

119,30066,165

5.95109,905

91.7114,72759, 511

320, 655315, 343338,446180, 569

241,639254, 920

50. 0084, 76285,194

17, 543257, 56747, 435

324, 448437, 874195,037440, 725

77.8240, 039

84,253

949812137

163, 493

"" 17," 999

15,9203, 205

17, 42564.8

15, 94615,213

92, 63733, 393

5.4590, 662

73.487, 68061,913

33,1438,796

35, 98934.61362, 670

137,41253,988

134,997136,331105, 986

244,655240, 545232, 261196.164

224,240216, 580

50.0080,56284, 628

17,428231.16547, 737

259, 996383, 37195,058

376, 50966.6

255, 677

80,115

2,6242,388

236

636537

128, 58381

16, 466

16,0983,866

14, 47155.9

15, 28214, 265

81, 35929, 978

5.4581,972

68.084, 65558,976

33,61610,86732, 20232, 63660, 539

136, 04753,252134,402135, 43397, 934

200,174227, 630221, 743202,051

198. 438201,99150.0074,93275, 354

17,006252, 62543,459

255, 830382, 682108, 427366, 605

63.9257, 889

2,4442,242

202

798669129

112,19476

16,549

17, 2813,846

19, 66370.4

18, 22615, 661

110,93041,211

5. 45102,037

78.4100,33960,729

36,759 j10,47038, 93237, 98361,110

156,79759, 025151,608153, 02896, 296

235,487236,975224,367214, 659

206,108195, 64450.00

80,00079,060

17.946277, 62441,484

314,316454,817119, 502443, 226

72.4248,219

86,401

2,6352,911

276

746619127

126, 55278

17,414

33,88712, 86219, 40175.0

20,44013,807

154, 60479, 436

5.45104,068

86.4111,46950,R27

76,80741,10343,75345, 43559, 739

252, 879140, 355160,380169,51195, 979

228,163253,230267,005200,884

238,667250,0C550.0077,30978,559

16,696283,31547, 815

320,073628, 272290, 467445, 387

75.5214,352

94,993

2,8153,059

244

1,204966238

137, 29978

18,947

24,10812,97124, 573

91.324, 51613, 897

125,56484, 515

5.65122,283

97.6122,90150,797

47, 50740, S0248,00050, 03557, 752

178,743142, 261174,809180, 65791,261

270,493280, 985289,260192, 609

257,578282, 58150.00

78, 59179, 364

15, 923285, 33350,073

365, 396497, 834285, 935506,466

85.6218,649

102,186

3,4143,171

243

882772110

162, 23077

20, 284

15,7548,853

24, 46490.9

22, 86416,134

101,09768, 694

5.70117,290

93.6117.07951,010

37.131

14, 5324,154

20,93880.9

20. 89816,151

102, 43061, 368

5.89110, 731

91.9110,950

51, 783

35,057O O A l l

48, 82447, 53458,878

155,156108,704176,037183, 08780, 603

253,997288, 726287,869193, 466

240,571261,66750.00

78,88681,410

13,399295, 67550,7C4

339, 335414,224204,800482, 808

81.8215,850

87, 504

2,9972,820

177

78699

144, 29182

19,387

44, 85G42, 75761,110

150, 06493, 528165, 575168, 36578,219

255, 259240, 656264, 620169, 502

254, 781230, 09450.00

77, 83678,283

12, 952284, 28343, 948

283, 228393, 123173, 212429, 106

72.6247, 393

74, 389

2, 5522,370

183

952819133

134, 66486

15, 596

14, 9983,75716, 227

56. 416,13616, 665

91, 40047, 479

5. 95109, 936

84.4103, 99955, 249

38, 24516. 29245, 42943, 30867,765

147, 50777. 850173,923163, 76986, 656

225, 752251, 032244,273176, 261

218,488198.760

50. 0084.12080,959

16,119285, 77642, 760

280, 033398,125140, 269430, 895

72.1237, 490

90, 003

2,6152,444

171

681569112

140,46384

18,361

15,1054,084

14,92555.5

15. 66715,966

85,546 I41,760 I

5.95100,090

83.195, 40359,876

35,97715, 62039,95937, 80764, <88

131,90165,994

149,600142^97590,903

187,990231, 823211,322196,762

216,095181,34450.00

81,45579.972

17, 602278,P0638,061

265. 066367,897115,266399.970

70.8241, 242

86,712

14,594 j3,975 I14,101 j

55.315,479 I13, 949 I

19,231 ]6, 624 j17,560 I64.6 !

16.6P3 ;15,076 •

21, 1957,807

20.92872.1

20,10716,110

98,783 ! 106,471 j 123,37941,804 | 48,031 61,758

i '5.95

98,1S679.6

99, 06558,4S3

5.95 ! 5.95101,422 ! 115,351

82. 8 j 88.5100 087 ! 109,72358^375 ! 62.972

38,15015,69739, 75639, 09564, 730

' 47, 62020,611

r41,979• 41,031

51,93126, 23145, 872'. 045

65, 053 C4,07

140,035 I 205,32362,586 I 111,020

148,805 ! 159,001145,044 i 15.", 65191,935 ! 92,3C9

197, 542120,953178,472188,08883, 505

205,655 ! 263,884 j 801,209251,279 | 26^.947 j 323,563235,304 | 267,134 | 334,441212.737 ' 214,550 ; 203,672

251,269176,88750. 0085.14386, 930

15,815246, 22838, 727

279,402392, 794110.039406, 922

69.1241,674

244.181 ! 257,505224.401 : 262,9831 50. 00 ! 50. 0086, 277 90,20785,412 88,912

16,680 j 17,975238,670 247,20642, 329 43, 312

291.285 j 338,241480.250 i 517,221160.830 | 204,249

: 417. 5GG | 470,24470.9

225,577. 1

:35, 706

95,362 ! 91.707 ! 95,478

2,403 I 2,524 l 2.618 2,9992,266 i 2.380 i 2,407 I 2,821

137 144 j lol ! 178

1,02380521S

129,162 |86 |

15,910 ]

1,379 !1.126 j

253 |

128,245 !80 I

17.399 '

953807 !140 !

137,820

74605591

142, 78080

IS, 537

RUBBER AND PRODUCTSCRUDE AND SCRAP RUBBER

Crude rubber:Consumption, totalf long tons.

For tires and tubes (quarterly) do_._Imports, total, including latexf do. . .Price, smoked sheets (N. Y.) dol. per lb.Shipments, worldf. long tons.Stocks, world, end of monthf .do. . .

Afloat, total do.. .For United States . do _

London and Liverpool.. do.. .British Malaya... _ do .United States! __.do...

Reclaimed rubber:!Consumption do. . .Production do _ _.Stocks, end of month do.. .

Scrap rubber consumption do. . .

46, 506

53, 889.222

119,13819, 500

168, 280

15,84416, 63128, 327

48, 43896,03334, 363

.16464, 298

401,00088,00051,27463,87875,419

173, 493

13, 66914, 84822, 976

44, 975

"~37,~372~.165

84. 378411,000105,00052,99057, 23483,010

165, 450

12,44811, 77721, 269

34,204 !

51, 740

'•"38,"585;

.16792,000388,000120,00066.71744,91771,195152,029

15,48516, 46121, 402

51, 402102,64637,669

.21388,000

386, 000134,00068, 31039, 35976, 228136, 824

15, 58316,83021,38438, 321

57,155

"45,~622~. 199

115,000401,000173,000100. 50037,36171, 662119,404

17, 42319, 54921, 694

55,677

'~42,~586~.202

86.000382, 000171,000114,04436,67169,139105, 205

16, 55119,41723, 239

49, 636115. 695' 71, 631

.20088, 000

379, 000152, 00091, 09531, 00070,214

125,800

14, 31718,00925, 25047, 649

54,

'"72,"

108*,434.175,90,20,96,142,

49,832 |

'~43~088~i.188 j

112,000 !430,000 !•193,000 i112.257 !16,00086.223 I

'134;362 I

50,19292, 93759,257

112 000444, 000211,000113.619

18,00072. 054

142. 402

50.103

"70," 700".192

93.000405. 000188,000 j102,557 I22 000 |92.895 I

102.494 j

51, 619

""51,"431.212

123,000471,000210, 000109, 36421,00078,485

161, 496

16,070 15,370 i 15,631 | 10,29* j 15,71919,297 | 17,992 I 17,234 I 16.50S j 17.55227,418 I 28,602 | 28,488 I 27,558 ! 28,397

j j 43,037 '

' Revised. . § D a t a revised for 1937; see table 20, p . 15, of the April 1939 Survey .{Change in inven to ry due to physical check-up. Figures shown in earlier issues for m o n t h s prior to M a y 1938 are not comparab le w i t h p resen t da ta .!Revist d series. For book paper , see note marked wi th a " ! " on p . 51 of the Ju ly 1939 Survey. Stocks of newspr in t at publ ishers , and in t rans i t to publ ishers , reviser}

for 1937 and 1938; revisions not shown on p . 52 of the April 1939 Survey will appear in a subsequent issue. N e w s p r i n t consumpt ion has been revised beginning 1923; see table6, p . 10, of t h e M a r c h 1940 Survey . D a t a for fine and wrapp ing papers have been revised beginning 1934 to change da ta from 4- and 5-week totals to ca lendar-month figures byprorat ing the overlapping weeks. W r a p p i n g paper has also been revised beginning 1934 to exclude da ta for specialty paper and boards from this classification. These da taare still included in total paper excluding newspr in t and paperboard. Revisions not shown on p. 52 of the M a y 1940 Survey will appear in a later issue. Crude rubber impor tsrevised beginning 1913 to include guayule rubber ; see table 28, p . 18, of the M a y 1940 Survey. Wor ld sh ipments of rubber revised beginning J a n u a r y 1938; revisions not shownon p . 91 of the F e b r u a r y 1940 Survey will appear in a subsequent issue. D a t a for crude rubber consumption, world stocks, and Uni ted States stocks, revised for 1939; seep . 52 of the M a y 1940 Survey. D a t a for reclaimed rubber revised for 1939; revisions for all m o n t h s of 1939 appear on p . 60 of the J u l y 1940 Survey .



1940

June

1939

June July August Sep-tember 0 ctober Novem-

berDecem-

ber

1940

Janu-ary


RUBBER AND PRODUCTS—Continued

TIRES AND TUBES

Pneumatic casings:fProduction thousands..Shipments, total.. do

Original equipment* .doReplacement equipment* doExports* do

Stocks, end of month ..doInner tubes:f

Production doShipments, total do

Exports* doStocks, end of month... do

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics (quarterly) thous. of lb._

5,1276,7191,9264,697

968,985

4,3475,675

746,914

RUBBER AND CANVAS FOOTWEAR

Production, total thous. of pairs._|Shipments, total do_.Stocks, total, end of month do..

4,9765,8491,3694,367113

8, 632

4,2495,036

667,549

62, 737

4,8664,19219, 729

4,5955,143794

4,26485

8,103

3,9054,150

627,323

3,2804,89418,115

5,5114,990599

4,289103

8,691

4,7574,309

657,799

5,0906,21316,956

5,0765,6581,2194,294146

8,080

4, 4574,991

987, 206

67,877

4,7136,45215, 218

5,3925,1611,7883,226146

8,382

5,0084,948108

7,279

5,3325,91614, 619

4,8654,2781,8542,276148

8,918

4, 5083,967127

7,710

6,0495,47315,195

4,4694,7272,6131,979135

8,665

3,7844,394

927,036

75, 799

5,3764,18516, 388

4,9544,2701,8052,360

1059,348

4,2873,827

767,634

5,0446,38915,018

4,8884,1121,9742,037101

10,124

4,2113,810

717,897

5,0624,76115,319

5,0074,3462,0502,203

9310, 747

5,1065,0102,0952,827

8710,881

4,4004,114

608/183

60, 666

4,8694,53215, 656

4,6184,543

578,258

5,1283,90216,881

5,4155,7201,9993,626

9610,576

4,7394, 739

788,243

5,0753,86218, 095

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Price, wholesale, composite _dol. per bbL.Production thous. of bbL.

Percent of capacityShipments thous. of bbL.Stocks, finished, end of month. ..doStocks, clinker, end of month _ do

CLAY PRODUCTS

Bathroom accessories:Production, thous. of pieces..Shipments doStocks, end of month do

Common brick: •Price, wholesale, composite, f. o. b. plant

dol. per thous..Shipments .thous. of brick..Stocks, end of month... do

Face brick:Shipments doStocks, end of month do

Floor and wall tile shipments:*Quantity— .thous. of sq. ft..Value-.. thous. of doL.

Vitrified paving brick:Shipments thous. of brick..Stocks, end of month do

Hollow building tile:Shipments short tons..Stocks, end of month ...do

GLASS 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 doCommercial doMiscellaneous do

Plate glass, polished, production.thous. of sq. ft.Window glass:

Production... thous. of boxes..Percent of capacity _

GYPSUM AND PRODUCTSCrude:

Imports short tons..Production do

Calcined production doGypsum products sold or used:

Uncalcined.. __ doCalcined:

Lath thous. of sq. ft..Wallboard doKeene's cement short tons..All building plasters doFor manufacturing uses.. doTile thous. of sq. ft..

0)12,514

58.913, 21624,076

5,905

992929282

12.116

4,42969.1

5,2309,180

9,783

90855.9

0)11, 953

56.512, 71521,4895,797

814819382

12.118199,945361, 264

69, 489252, 395

5,1031,413

6,84444,079

96,288306,435

4, 66272.0

4,6188,209

8(2)(2)9,289

72044.3

291,810845, 524773, 634

244,163

297, 267113, 721

7,781486,494

25, 5158,581

0)12,644

57.911, 75722, 3615,928

1,027

12. 059177,165393,393

62, 658248, 673

4,8991,337

6,38644, 214

95,180305, 242

4,59373.8

4,1588,572

(*)(2)()0)6,212

69042.6

0)12,369

56.613,40121, 3265,727

1,1681,213

376

12. 038189,287416,302

66,906245,967

6,1721,635

9,03844,169

107, 771319,464

4,80271.4

4,7668,548

(*)

10,450

86753.4

0)11,93756.3

13,10420,1605,254

1,1481,160397

12. 036167, 348451, 390

62, 527241,785

5,4391,473

8,14943, 719

90,184316, 376

4,25068.34,9797,739

()13, 663

91456.2

445, 756995, 760840, 245

2S6, 391

342,060102, 4007,949

533, 79028,219

>,026

0)12, 539

57.312,82919,8704,854

1,2821,215

369

12. 043183, 201466,150

64, 278236, 784

5,5111,478

8,94742,192

89, 700324,886

4,89175.5

4,4718,061

()<•)

18, 369

1,12169.1

0)11,053

52.210,14720,7794,824

1,022958375

12. 083167, 329468, 357

54,127243, 491

4,8681,337

5,88542, 261

88, 422339,038

4,30069.1

3,8848,374

15,812

1,14370.5

0)9,488

42.96,785

23,4495,165

1,043877

12. 080129,252483,173

37,645257,469

4,2711,173

2,65443,384

67,659362,492

4,04665.0

3,1149,237

0)

()18,477

1,18973.2

530,089813,129688,986

230,207

290, 35898,887

5,955394,592

30,8987,335

0)6,205

28.6

• 25, 7575,617

833788281

12.11258,914

503,967

15, 399282,992

4,0281,092

1.08942, 374

38,882366,680

4,26361.6

3,7269,601

()17, 257

1,41387.1

0)r 5,041

24.84,905

• 25,8946,304

749710271

12.12684, 238

482, 690

23,373281,311

3,658945

2,09642,159

49, 606355, 041

4,12364.3

3,8319,807

()13,175

1,09967.7

0)7,91736.3

7,715• 26,118

6,487

783781285

12.124120,174449, 425

36, 592279, 900

4,7811, 165

2,52542, 953

60, 993351, 726

4,60669.1

4,23110, 078

8(2)()

14,302

1,10768.2

172,869584, 627577, 799

131, 547

235, 89093, 344

5,819344, 553

29,9516,296

0)10,043

47.410,82925,3486,606

726743282

12. 132176,786408,147

r 52,495•273,526

r 5, 428'1 ,341

2,89743,914

r 79, 089361,600

4,58468.8

4,33910,234

()12,367

1,02363.1

0)12, 668

58.013, 241

• 24,778' 6,081

790788284

12.164196,835392, 711

66,058262,417

5,7161,389

5,15343, 565

86,052661, 537

4,70170.5

4, 76310,078

()

8(2)11,721

1,06865.8

r Revised. l Discontinued by compilers; data on an index basis appear on p. 20. * Discontinued by reporting source.*New series. For data on floor and wall tile beginning 1935, see table 31, p. 18, of the June 1939 Survey. For the new series on pneumatic casings and inner tubes see

tables 27 and 28, pp. 16-18, of the May 1939 Survey.fRevised series. Data for pneumatic casings and inner tubes revised for 1936, 1937, and 1938; see tables 27 and 28, pp. 16-18, of the May 1939 Survey. Data for glass

containers revised beginning 1936; revisions not shown on p. 53 of the January and p. 92 of the February 1940 issues will appear in the 1940 Supplement. The changes aregenerally minor.



1940

June

1939

June July August Sep.tember October Novem-

berDecem-

ber

1940

Janu-ary


TEXTILE PRODUCTS

CLOTHINGHosiery:

Production._ _„__ thous. of dozen pairs..Shipments ___doStocks, end of month do

COTTON

Consumption _. __ bales.Exports (excluding linters)§ thous. of bales.Imports (excluding linters)§ do-._Prices received by farmers dol. per lb_Price, wholesale, middling (New York)___do.--Production:

Ginnings (running bales)• thous. of bales.Crop estimate,equivalent 500-lb. bales.do..-

Movement into sight do. . .Stocks, world, end of month*. _ do

American cotton doIn the United States... do. . .

On farm and in transit do. . .Warehouses. __._._do—Mills do. . .

In foreign countries do. . .Foreign cotton _ do. . .

COTTON MANUFACTURES

Cotton cloth:Exports!--- .thous. of sq. yd..Imports § _ ..doPrices, wholesale:

Mill margins* _.. cents per lb_.Print cloth, 64 x 60 dol. per yd..Sheeting, unbleached, 4 x 4_. do

Finished cotton cloth:%Production:

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! pet. of capacity..

Cotton yarn, wholesale prices:22/1, cones (factory) dol. perlb. .40/s, southern spinning, Boston* do_.__

RATON AND SILKRayon:

Deliveries, yarn, unadjustedt—1923-25=100._Imx)orts§_.. thous. of lb_.Price, wholesale, 150 denier, first quality

(N. Y.) dol. perlb,.Stocks, yarn, end of mo.* mil. of lb_._

Silk:Deliveries (consumption) bales. _Imports, raw thous. of lb_.Price, wholesale, raw, Japanese, 13-15 (N. Y.)

dol. perlb..Stocks, end of month:

Total visible supply bales..United States (warehouses) do

WOOLImports (unmanufactured)! thous. of l b . .Consumption (scoured basis) :1

Apparel class doCarpet class do

Operations, machinery activity (weekly aver-age) i f

Looms:Woolen and worsted:

Broad thous. of active hours..Narrow do

Carpet and rug doSpinning spindles:

Woolen doWorsted do

Worsted combs doPrices, wholesale:

Raw, territory, fine, scoured dol. per lb._Raw, Ohio and Penn. fleeces doSuiting, 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. pe r lb . .

9,7118,835

26,730

556, 52913412

.095

.107

()0)

11,414773

9,5401,101

24, 6276,329

10.68.046.057

21,9436,900

27987.1

.219

.321

873669

.5313.2

17,3072, 356

2.724

90,12241, 822

18,666

19, 3735,798

1,40770

149

68,14766,718

137

.39

1.931

1.114

1. 25

11,21810,29424,773

578,43611412

.087

.099

32823, 72314,82613,487

59511,920

9721,3398,897

26,9827,151

9.84.045.052

127,10489,0205,843

90,265

21, 7717,399

29082.5

.235

.303

8704,159

.5133.3

26, 2564,050

2. 534

60,70919, 209

14.771

23.7726,291

1,79072

179

72,13682, 889

136

.71

.32

1.683

1.015

1.13

9,8199,483

25,133

521,35310716

.088

.097

137

56521,46214,03012, 956

55011,591

8151,0747,432

28,6746,750

10. 52.047.053

127,63490, 2676,543

87, 281

21,9396,621

26281.9

.238

.313

9243,503

.5126.4

26,1342,614

73,34825, 748

14,054

27,4897,984

1,76169

147

73, 65071,432

132

.72

.32

1.683

1.015

1.13

12,44812,92424,681

628,44821913

.087

.094

1,402

870(0

24, 43123,41111,03111,774

6061,020

0)

23,8786,776

11.41.047.053

137, 722102,281

7,30599,242

22,0127,908

31385.1

.240

.315

8273,423

.5219.3

33, 0954,495

2.641

81,06025,060

16, 709

24, 7079,604

82185

77, 20177,654

144

.73

.33

1.683

1.015

1.15

11, 97712,82023,861

624,902649

10.091.093

r 6,682

2,7610)

23, 47522, 2607, 280

14,151823

1,215(0

30,02311,189

14.56.054.063

153, 025106,678

8,056113,380

22,2327, 695

30692.5

.266

.351

9633,108

.5313.1

36,8697,262

89,16027, 760

29, 625

25,0068,847

1,55184

196

74,17281,961

144

1.02.45

1.906

1.101

1.38

13,19413,15623,923

14.087

10,079

3,0930)

22, 41320,7823,924

15,4411,4171,631(0

40,49411,774

15.83.055.069

173, 256120,460

8,322124,201

22,6598,581

34297.9

.277

.365

9254,062

.539.4

41,858

3.271

89,13535,935

19,832

33,98411,274

1,79296

221

81,686106,185

168

1.09.49

2.178

1.163

1.53

12,98712,45124,482

718,72158411

.088

.098

'11,110

2,288

0)21, 26119,4632,272

15,4571,7341,798

0)

35, 56411,859

14.93.053.068

165, 624123,154

6,516117,393

22, 7748,803

353101.3

.279

.378

9255,677

.537.7

32, 2415,423

3.394

92, 52741, 927

22,909

26,4369,238

2,041103213

80,428103,487

157

1.06

.47

2.178

1.163

1.46

10, 41110,25924,658

652,695807

10.097.110

11,276

1,548

(020,14418,1121, 747

14, 5541,8112,032

0)

37, 89916, 322

13.61.053.066

152, 215109,419

5,524113,100

22, 7788,040

322100.7

.274

.378

8976,750

.536.4

21,1285,322

3.921

109,11055, 610

26, 035

22, 3787,665

2,04678

197

74,38184,179

133

1.06.46

2.178

1.163

1.45

11,70211,14925,212

730,1431,027

9.101.111

T 11, 412

1,140

18,92316,3691,460

13,1791,7302,554

0)

33,31110, 332

13.36.054.065

139, 289101,511

4,597111, 666

22,8729,223

369102.6

.272

.375

8275,104

.537.0

29, 5064,972

3.683

87,02559, 225

45,082

28,1899,703

1,85369

200

73, 32871,344

137

1.02.43

2.178

1.188

1.42

11, 33411, 42225,124

662, 65974737

.100

.111

7980)

15,0181,229

12,1301,659

33, 3469,415

12.25.051.062

129,174100, 707

4,581106, 916

22, 8048, 266

33199.6

.255

.350

8112, 607

22, 4852,175

3. 081

83, 30650, 306

37, 212

21, 3028,658

1,58780

195

70, 76467, 472

127

.93

.39

2.116

1.188

1.34

11,09711,46524, 756

626, 331434

10.100.109

,481M1.816

8020)

13,9281,008

11,3731,547

0)

34, 8654,808

11.59.049.058

127, 278103, 328

5, 060110, 882

22, 5557,921

31794.4

.248

.344

7911,279

.5310.4

21, 6852,213

87,08745, 887

38, 529

17, 7097,340

1,12958 !

186

55, 88851,750

100

.90

.36

1.931

1.188

1.30

10,67910,13325, 302

623,893345

11.100.109

485C1)

12, 943815

10, 7091,419

C1)

34, 9435,813

11.40.050.059

127, 61497,1994,776

103, 563

22, 3018,012

32192.1

.228

.338

8251,962

.5311.7

21, 7402,494

85, 79842,698

22, 065

17, 471S, 544

52183

54, 65851,173

.89

.35

1.931

1.158

1.30

10,66010,10825, 854

!6, 467226

14.098.102

3520)

12,189788

10, 0871,314

0)

28, 4706,608

11.37.047.058

126, 96889,2044,889

98, 336

22, 2178,040

32489.4

.222

.338

••840571

,53r 12. 5

18.9972, 925

92, 48543, 285

18, 466

17, 0656, 524

1,20958

152

60, 72461,167

,. 94

.86'

.37

1.931

1.114

1.29b Total ginnings of 1939 crop. •Tota l ginnings to end of month indicated.

JSee note marked with a " t " on p . 54 of the July 1939 Survey.

r Revised.1 Data not available since the outbreak of the war.2 Discontinued by reporting source.fData for July and October 1939, January ami April 1940 are for 5 weeks: other months, 4 weeks.tRevised series. 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 cotton cloth exports revised beginning 1913; see table 48, p. 17, ofthe November 1939 issue. Wool machinery activity revised for 1939, revisions not shown on p. 54 of the May 1940 Survey will appear in a subsequent issue.

•New series. The data on cotton stocks shown here are compiled by the New York Cotton Exchange and replace the data compiled by the Commercial and FinancialChronicle. Data beginning 1920 appear in table 34, pp. 15 and 16, of the August 1939 Survey. Data on total stocks of foreign cottons and total world stocks of all cottons begin-ning August 1934 and all other series beginning August 1938 have been revised. Revisions not shown on p. 54 of the January 1940 issue will appear in a subsequent issue.For cotton cloth mill margins data beginning 1925 are shown in table 51, p. 18 of the November 1939 issue. Data on rayon yarn stocks, poundage basis, have been substitutedfor the series formerly shown, which was on basis of number of months' supply. Figures beginning January 1930 appear in table 22, p. 18, of the April 1940 Survey. The serieson cotton yarn, southern, single, carded, 40/s cones, at Boston has been substituted for the New Bedford series formerly shown, which has not been available since August 1934.The New Bedford price for the period September 1934 to October 1939 was computed from the Boston price on basis of the relationship expressed between the two series in1933. Monthly data 1933-38 for the Boston series will be shown in a subsequent issue.

§Revised series. Data revised for 1937: see tables 19 and 20. nn. 14 and ifi. nf th* A nrii IQIQ finr™.



1940

June

1939


berDecem-

ber

1940

Janu-ary


TEXTILE PRODUCTS—Continued

WOOL—Continued

Keceipts at Boston, total thous. of lb, .Domestic _ - . doForeign do

Stocks, scoured basis, end of quarter, totalthous. of lb. .

Woolen wools, total doDomestic . _ doForeign do

Worsted wools, total doDomestic . . do . . .Foreign do

MISCELLANEOUS PRODUCTS

Buttons, fresh-water pearl:Production pet. of capacityStocks, end of month thous. of gross..

Fur, sales by dealers..< ..thous. of doL.Pyroxylin-coated textiles (cotton fabrics):!

Orders, unfilled, end of mo..thous. linear yd..Pyroxylin spread . - thous. of lbShipments, billed thous. linear yd..

44,89641,790a, 106

126, 28046,99834, 89312,10579, 28258, 99320, 289

1,588

2,2443,9314,030

55, 61451,4014,213

123,09639,60231,3578,245

83,49463,12820,366

28.66,2322,686

2,0874,7104,387

55,35551,2474,109

26.35,8732,405

2,2434,3513,971

39,22835,2873,941

32.15,6813,155

2,4155,5815,143

24,41019,0465,363

118,51440,99732, 2018,796

77,51757, 26020,257

40.45,6973,155

4,5626,2435,807

(2)11,981

0)

46.55,7842,660

3,5786,3716,482

0)5,6010)

44.05,9272,250

3,1325,4135,556

(04,6780)

109,53344, 28631,10213,18465, 24729. 77635,471

30.46,014

' 1, 334

2,7975,0385,148

C1)

35.76,403

r 3, 275

2,8865,1315,061

0)3,2470)

34.96, 431

' 4, 447

2,3984,9304, 8G2

(05,342(0

' 98,860'41,815' 28,181r 13 634r 57,045' 22, 825r 34 220

38.86,498

r 4, 200

2,2274,7694,978

13,5538,1045,449

41.06,539

' 3, 699

2,1184,7725,006

31, 75925, 2146,544=

40.56,541

r 3, 910

2,0404,1024,515

TRANSPORTATION EQUIPMENT

AIRPLANES

Production, total*! number.Commercial (licensed) do. . .For export do. . .

AUTOMOBILESExports:

Canada:Assembled, total number..

Passenger cars doUnited States:

Assembled, totals .._.-_ doPassenger cars§. doTrucks§_ do

Financing: \Retail purchasers, total thous. of del..

New cars _ „ doUsed cars _ doUnclassified do

Wholesale (mfrs. to dealers) doFire-extinguishing equipment, shipments:

Motor-vehicle apparatus ..number..Hand-type.. ._. do

Production:Automobiles:

Canada, total. „ . . . .doPassenger cars ,_do

United States (factory sales), total...doPassenger cars ..doTracks . .do. . . .

Automobile rims thous. of rims..Registrations:

New passenger cars. number..New commercial cars do

Sales (General Motors Corporation):To consumers in U. S. doTo dealers, total* do... .

To U. S. dealers _ do___.Accessories and parts, shipments:

Combined index Jan. 1925=100..Original equipment to vehicle manufac-

turers Jan. 1925=100..Accessories to wholesalers doService parts to wholesalers doService equipment to wholesalers do

RAILWAY EQUIPMENT(Association of American Railroads)

Freight cars, end of mo.:Number owned thousands..

Undergoing or awaiting classified repairsthousands..

Percent of total online _Orders, unfilled.-- _. cars..

Locomotives, end of mo.:Undergoing or awaiting classified repairs

number..Percent of total online

Orders, unfilled.. number..

(U. S. Bureau of the Census)

Locomotives:!Orders, unfilled, end of mo., total, .number. .

Domestic, total doElectric doSteam.. _ do

372

6,2991,382

14, 6096,4638,146

17, 9308,739

344,636286, 040

58, 5961,266

318,61543, 504

173, 212167,310151,661

1,645

1539.5

16, 933

6, 65316.5

97

1461244381

523374149

6,0274,630

27,08716,21310,874

138, 57276, 24961, 701

621122, 684

9037, 606

14,51510,585

309, 738246, 704

63, 0341, 020

243, 74140,482

124, 618139,694124, 048

125

115113166108

1,654

22313.7

10,062

8,38220.1

60

1511438063

1482360122

4,8213,040

19,1838,375

10,808

121, 73767, 00054,192

545100, 490

7535, 527

9,2415,112

209, 359150, 73858,621

681

229, 30844, 747

102,03184,32771,803

110

9411315497

1,653

22914.0

8,448

8,05920.3

72

1501468660

579441138

6,1544,804

11, 5923,9857,607

116, 74862,07454,103

57147, 058

7638,821

3,4751,068

99,86861,40738,461

971

182, 63343, 523

76,12012,1137,436

117

96104166106

1,650

22513.8

8,754

8,33720.0

1221187246

453391

62

1,913934

7,8344,4933,341

94, 31646, 58647, 313

41765, 310

7735,804

3,9223,494

188,757161,62527,132

1,585

141, 63332,983

53, 07247, 606

128

13394

173106

1,644

19512.1

23,028

8,12519.6

1361329042

482439

43

1,202586

18,1409,4618,679

109, 79359, 52549, 734

534130, 332

7738, 471

11,2977,791

313, 392251,819

61, 5731,882

212, 58637,923

110, 471144,350129,821

146

159106183101

1,642

16810.4

28,906

7,55818.3

16514011030

40634462

4,8742,386

19, 67610,678

113,94164, 00049, 463

478134,922

6733, 737

16,7569,882

351, 785285, 25266, 533

1,783

231, 57141,286

162,881200, 071180,133

135

15410716791

1,641

1599.8

36,193

6,98517.0

18414011327

565271294

4,9011,947

22, 68811,885

119,63769, 70549, 408

524179,930

7637,869

16,97611,054

452,142373, 804

78, 3382,071

246, 54437,460

156,008207, 637188,839

143

17710112787

1,638

1549.6

37,049

6,50715.9

51

1551139221

447241206

2,258

23,03213, 4769,556

105,27759,16045, 617

500189,184

5931,824

17, 21312, 579

432,279362,89769,3822,164

260, 21645,650

120,809181,088164,925

178

20191

141104

1,640

1559.6

34,509

6,32415.5

77

1581197940

420250170

4, 7762,611

20,1459,837

11), 308

110,37160,39549, 487

489187,466

7430,600

IS, 19312,779

404,032337, 7f)666, 276

1,850

224, 62541,336

123,874174. 572160,458

156

16786

145118

1,043

1559.6

28,112

6,49616.0

70

1461127735

298191

4,7822,797

26, 49710, 86315, 634

143, 48383, 05459,879

550212,331

OO, OUO

16, 61212,025

423, 620352,92270, 698

1,918

312, 37153, 093

174, 625193, 522181, 066

164

17482

158139

1,645

1559.6

21, 112

6,60416.2

59

139108

28

233

730443

15, 7938,1847,609

165,30496, 272C8, 380

646216, 818

6534,135

19, 68713,487

432,746362,13970, 607

1, 823

353,239«• 55, 982

183,481196, 747183,900

170

17891

174140

1,648

1609.9

17,460

6,67516.4

54

1701447272

295

4, 2651,521

17,1839,3077,876

170,15196,51872, 980

654201, 068

7937, 619

21, 27712, 677

391,215325, 676

65, 5391,744

• 345, 74ST 51, 553

165, 820185, 548171,024

157

16289

172131

1,64&

16410.2

15,039

6,78116.8

1521265670

r Revised. l Not available. 2 Exclusive of Oklahoma.*New series. Data represent sales of United States and Canadian factories only; discontinued series included sales of overseas subsidiaries, which are no longer available.

Data on the new basis appear in table 10, p. 12, of the March 1940 issue.fRevised series. Data on pyroxylin-coated textiles revised beginning January 1938; see note marked with a " t " on p. 55 of the November 1939 Survey. Data on shipments

and unfilled orders, locomotives, revised beginning January 1939 on the basis of a more definite segregation between railroad locomotives shown above and mining and indus-trial electric locomotives shown on p. 56. Quarterly data beginning 1939 are available from the Bureau of the Census for Diesel-electric, Diesel-mechanical, and gasoline-mechanical or steam locomotives, in addition to the data for industrial electric locomotives shown on p. 56 which are for trolley or third-rail and storage-battery locomotives.Data on automobile financing revised beginning 1933, see table 11, p. 13, of March 1940 issue.

c TTvni,^M ™ni+Qrir nbnoc fnr rfnmAatin use. ^Revised series. Data revised for 1937; see table 19, p. 14, of the April 1939 Survey.



1940

June

1939


berDecem-

ber

1940

Janu-ary


TRANSPORTATION EQUIPMENT—Continued

RAILWAY EQUIPMENT—Continued{U. S. Bureau of the Census)

Locomotives—Continued.1Shipments, domestic, total- number . .

Electric doSteam do

Industrial electric (quarterly):Shipments, total do

For mining use do(American Railway Car Institute)]

Shipments:Freight cars, total . number . .

Domestic .doPassenger cars, total do

Domestic . .do(17. S. Bureau of Foreign and Domestic Commerce)Exports of locomotives, total §.— number . ,

Electric§ doSteam doINDUSTRIAL ELECTRIC TRUCKS

AND TRACTORSShipments, total number..

Domestic doExports do

WORLD SHIPBUILDING(Quarterly)

Launched:Number ships..Tonnage thous. gross tons..

Under construction:Number ships...Tonnage thous. gross tons_J

3530

5

7269

1,5801, 478

00

1413

1

13512114

0)0)

0)0)

3131

0

9796

2,1492,148

99

1082

7871

7

249549

7192. 859

18153

882880

1818

862

6961

8

341816

813804

99

215

16

8986

3

351619

8686

799740

2222

110

907020

0)

0)

472819

1,1601,110

1212

981

1299336

3532

3

2,6162,616

5454

1312

1

1409941

3933

6

8887

4,3664,136

3636

1110

1

15211834

( i )

0)

5,1605,083

00

431

13111219

5,2425,142

1414

13

125119

6,5886,488

44

16106

0)0)

44 I 3738 i 35

6 ! 2

5,900 !5,400 i

1 I1 i

26 j9

17 |

132119

13

10998

1 1

3 2603,060

66

2018

2

14713710

CANADIAN STATISTICS

.1926 = 100.Physical volume of business:

Combined indexcfIndustrial production:

Combined indexcf doConstruction doElectric power doManufacturing <? doForestry cf doMinin gcf _ _ do

Distribution:Combined index do

Carloadings -doExports (volume)tc?.-- doImports (volume) c? doTrade employment do

Agricultural marketings:Combined index ..do

Grain __doLivestock do

Commodity prices:Cost of living .doWholesale prices .do

Employment (first of month):Combined index do

Construction and maintenance doManufacturing doMining. _.doService doTrade . .doTransportation do

Finance:Bank debits mil. of dol . .Commercial failures* number...Life insurance sales, new paid for ordinaryt

thous. of dol. .Security issues and prices:

New bond issues, total do _..Bondyieldst .1926=100..-Cornmon stock prices do

Foreign trade rd1

Exports, totalt thous. of dol-_Wheat thous. of bu._Wheat flour thous. of bbL.

Imports _ .thous. of dol.-Railways:

Carloadings thous. of cars. .Financial results:

Operating revenues thous. of dol . .Operating expenses doOperating income do

Operating results:Revenue freight carried 1 mile—mil. of tons . .Passengers carried 1 mile mil. of pass.-

Production:Electrical energy, central stations

mil. of kw.-hr_.Pig iron thous. of long tons_.Steel ingots and castings doWheat flour . . . thous. of bbl

86.081.6

120. 990.5129.2166.7142. 5140.790.3

91

28,530

75, 59373.071.9

111,62213, 570

'0, 705

166

121.4

124.459.6238.8112.9120.6228.9

112.971.3

120. 387.7137.5

40.533.870.5

82.973.3

113.1115. 3111.4160.5141. 8136.686.5

2,83183

' 32, 226

111,46267.097.0

77, 57014, 637

40163, 709

195

26, 16024, 296

601

1,819168

2,24653

1081.188

120.5

123.953.6

235.6112.3114.2238.5

110.676.8122.186. 1137.1

76.876.578.3

83.172.6

115.8133.1111.3164.1147. 6137.487.6

2,37793

29, 902

73. 73366.897.3

76, 64113,781

40358, 580

196

27, 794,038529

2,114186

2,20660111

1. 106

125.2

127.559.7

241.1116.5126.4233.2

118.382.0

122. 893.'2

135. 9

112.4117.788.7

83.072.4

117.5146.3112. 8165.6149.8135. 587.5

2,39099

26, 494

113,45168.194.2

76, 47610, 273

37962, 708

229

29, 77427, 0541,429

2,394180

2,29366

1221.382

125.8

128.348.6

246.0121.3130.7223. 2

118.495.6

112. 8102.0138.0

174.419G.575.7

82.978.2

119.6152.2115.3168.0151.7134. 990.0

2, 832132

r 34, 252

50, 59078.3

100. 1

82, 45715, 641

41773, 564

295

42, 96029, 57112, 049

4,800153

2, 38166

1241.927

133.1

139.743.2

245.6143.7139.3194.2

114.380.0

106.999.7

138.3

96.596.099.6

84.779.3

121.7131.5119.7170.3136.1138.694.8

2,899154

T 31, 900

268, 08376.5

106.0

91,41916, 849

44479, 053

270

39, 68126, 98511,222

3,753115

2,59086

1502.090

133.0

139.040.3

248. 1136.9128. 7236.7

115.884.0

114.3102.1137.3

151. 1166.283.2

85.080.3

123.6117.6122.1171.0135. 2140. 290.6

2,93095

r 33, 034

60, 89074.0

103.6

98, 49020, 635

57384, 561

248

36, 70325, 14610, 083

3,371101

2,60788

1471.960

133.3

138.261.7

239.2136.9127.6202. 4

119.182.8

123.7108.1141.8

101.3107.175.2

85.381.7

122.793.8

122.2171.3132.9144.789.7

3, 057120

r 34, 759

78, 99675.1

101.2

101,97334, 412

90372,109

200

33, 23224,5528,199

2,976196

2,53595

1501,600

138. 6

145.252.1

243.4146.8142.4215.6

119.786.7

130.5109.7139.3

101.3105.781.9

85.182.6

116.268.8

118.2164. 7133.7149.984.5

2,674136

33, 726

322, 90674.499.7

90, 85410, 358

72571,104

210

30, 49525, 8553, 373

2,791144

2,526105166

1.266

131.2

136.261.6

239.8134.2125.4200.9

116.883.1

106.3107.4139.6

134.8148.075.6

85.182.8

114.458.1

120.5168.4131.8136.483.3

2,955105

31,820

116,51073.499.0

72,3146,598

55971, 042

199

30, 00025,4223,335

2,757134

2,36787

1401,247

123. 0

127.061.2

239.0123.3119.0185.7

111.573.496.883.5

141.7

36.729.270.1

85.783.2

113.555. 4

122.6167.1132. 6134. 983.0

2,413111

30, 265

95, 03773.499.1

83,4658,628

71676, 734

195

30,14525, 6433,271

2, 559168

2, 42692

1571,257

151.0

159.8 |97.4

247. 1142.4152.0318.7

125.784.6

169.5136.6140.4

60.453.491.7

85.783.1

111.959. 6123.4164. 4133. 4137. 682.8

2,93898

140. 6

146.976.0

269. 7139.8142.5229.9

122.6P-9.5141.0107. 6142.1

114.7122.779.0

86.082.1

114.368.4125. 7161. 513S. 2138. 388.8

3,340100

32,248 ; 31,779

89,10972.497.0

84,6935,082520

85, 980

219

29, 91625, 5693,077

2,785124

480,81671.880.4

110,76423, 466

723100,537

237

2,399 i84 |153 |

1,344

2,67293174

1,283f Revised. l Data not available since the outbreak of the war.*New series. Data beginning January 1934 appear in table 54. p. 18, November 1939 issue. §1+T\atcL nn lifc> in«mranf»A sfliA<: rpvispd ViPmTinincr Tnrmnrv 1Q3A Ppv'sirms nnt. chnwn ahnvfl wi

•fSee footnote marked with a "f" on p. 55.. Data revised for 1937; see table 19, p. l4,Apria snhsflnnp.nt issnpi Rp.vi<3o.«i data nn traina ^frevised beginning January 1936. ubsequent issue. Revised data on

ning 1926 are shown in table 15, p. 17, of the M

commodities are component factors.

U. S. GOVERNMENT PRINTING OFFICE: 1940

INDEX TO MONTHLY BUSINESS STATISTICS

CLASSIFICATION, BY SECTIONSMonthly business statistics: Page

Business indexes 19Commodity prices 20Construction and real estate 21Domestic trade 23Employment conditions and

wages 25Finance 30Foreign trade 36Transportation and communica-

tions 37Statistics on individual indus-

tries:Chemicals and allied products. _ 38Electric power and gas 41Foodstuffs and tobacco 41Fuels and byproducts 45Leather and products 46Lumber and manufactures 47Metals and manufactures:

Iron and steel 48Nonferrous metals and prod-

ucts 49Machinery and apparatus 50

Paper and printing 51Rubber and products 52Stone, clay, and glass products. 53Textile products 53Transportation equipment 55

Canadian statistics 56

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, methanol 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 22Building materials 20, 47, 53Building permits issued 21, 22Butter 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 44Coffee " 44Coke 45Collections, department-store 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 40Crops 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 26Nonmanufacturing 26

Emigration 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-railway 37Farm employees 26Farm prices, index 20Federal Government, finances 32,33Federal-aid highways 22, 29Federal Reserve banks, condition of 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 cars (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 53Hides and skins 21, 46Hogs 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 estate. 23, 30, 31Locomotives 55, 56Looms, woolen, activity 54Lubricants _ 46Lumber 20,25,27,28,47Lumberyard 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 _.„ I 42Minerals 19, 26, 28,45,50

PageNaval stores _ _,_._, __te_ 39Netherlands, exchange rates . . . . 32New Jersey, employment, pay roll*.. 26, 27Newsprint . . . . . . . . . _,«, „. 52New York, employment, pay rolls, canal

traffic * — — . . . . * . 26 27 38New York Stock Exchange — , 1 . 1 35O a t a ;_,_._ m " 4 2Ohio, employment _ — I . I 26Ohio River traffic ,, „. 38Oils and fate I 39,40Oleomargarine . . . „ . . _,_.__. 40Paint sales....: . . . 40Paper and pulp 21,2S, 26, 27,28,29, St, 52Passenger-car tales index ' 24Passengers carried, street railways 37Passports issued... _._,_ 38Payrolls:

Factory. A_, 27,28Factory, by cities and States . . . . . . . . 27

gepj^rtvania, employment, pay roBsV-IL™ 26*27Petroleum and p r o d u c t s . . . . - . - . - . . ^ . . . . . . 19,Pig iron.. . . *U *5 t 2 * 2 7 > **'2* 4 5 ' 48Fonttlain'cnameiidl^^ 49Pork . 43Postal business 1 .1 . . ." 24Postal savings _ _ 31g^try . _._ 19,20,44frices:

Retail indexes . . . 30World, foodstuffs and raw material 21

Public relief. 29Public utilities 31,32,35,36Pullman Co . . .... _, 38Pumps ._."„ 50Purchasing power of the dollar . 21Radiators . . . 48.50Radio, advertising. I.IIZLIJ^"! 3Railways, operations, equipment, financial

statistics 37,38,55,56Railways, street ._, 37Ranges, electric . ± , 51Rayon ...__ 54Reconstruction Finance Corporation, loans

outstanding 33Refrigerators, electric, household w 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 Iambs . . . . . . . 43Shipbuilding . . . 56Shoes 21, 25,26,27,28,29,46Sflk- , 20,21,54Silver 19,32Skins . -—,_ . . . 46Slaughtering and meat packing. 19,25,26,2?, 28,29Spindle activity, cotton v , . . . . 54Steel, crude, manufactures.— 19,25,27,28,48,49Steel, scrap, exports and imports __- . . 48Stockholders . . . — 36Stock indexes, world 20Stocks, department-store . - j . . 24Stocks, issues, prices, sales 35,36

y, and glass products . . 25,27,28,29,53

. . .. "IIIIIIIIIIIIIIIII'HI 39Superphosphate , 39Tea . 20,21,44Telephone, telegraph, cable, and radiotele-

graph carriers-.-_----------*-.-.-_._-... '; 38Textile products i—.* 54Tile, hollow building . •_ . . . ^ 53Tin . — . _ ™ . . , 20,21,49Tobacco- 19,25,26,27,28,29,44Tools, machine •---.••^^-" ;" SOTrade unions, employment.. ;.w^.--— 26Travel . . . . . . . I . . . . . r . . ^ . 38Trucks and tractors, industrial, electric--— $6United States Government bonds——-.., . 35United States Steel Corporation-,---:--- 36,48

Stone, day, J

Utilities—.- 31,32,35,36Vacuum cleaners.. . -;.............-«...--; -51Variety-store sales index ™ ; . , . - 24Vegetable oils . i . ^ 3% 40Vegetables . . . . . . .*,^U 19*43Wages , i . . . . . . . . . . . ^ . ^ . ; ^ . 28,29Warehouses, space occupied..: . . ^ - ^ 23Waterway traffic , . . - . i - ^ . . . - . . ; 38Wholesale prices . . . . . . . . . . . . . . . 20,21Wire cloth . . . . . . . . . . . 30Wisconsin, employment, pay rolfs, and

wages 26,27,29Wood pulp * . . ; . . . . . . . 51Wool 542inc 19,50

1940 SUPPLEMENTTO THE

SURVEY OF CURRENT BUSINESS

PRICE 4 0 CENTS

PRESENTS THE HISTORICAL RECORD OF ALL OF THE STATISTICALSERIES CARRIED IN THE REGULAR MONTHLY ISSUES OF THE SURVEY.CARRIES ALL REVISIONS OF THE DATA, MANY OF WHICH COULD**OTBE INCLUDED IN THE SURVEY FOR LACK OF SPACE.ftROVIDJBS COMPLETE DESCRIPTIVE NOTES FOR ALL OF THE TIMESERIES, INDICATING WHERE EARLIER REVISED DATA MAY BE OBTAINED.

Subscribers to the Survey of Current Business will notreceive a copy of the 1940 Supplement automatically.Orders for the 1940 Supplement, together with remit-tance, should be sent to the Superintendent of Docu-ments, Government Printing Office, Washington,^). C.

Monthly statistics in the 1940 Supplement are shown for 1938) or from special tables in the monthly issues of the4 years, 1936 through t!?39» and historical comparisons Survey. The 1938 Supplement is available for purchaseare facilitated by the inclusion of annual data extendingback to 1913 where"available. Comparable monthly

res prior to 1936 for virtually all series are available• from earlier Supplements (dated 1932, 1936, and

but the sales supplies of the 1932 and 1936 editions areexhausted. All may be examined at the numerous Govern-ment depository libraries throughout the country.

Copies tf the IP40 and the 1938 editions of the Supplement to the Survey of Current Business, at 40 cents each,are available from the Superintendent of Documents, Government Printing Office, Washington, D. C,

AUGUST 1940 SURVEY · 4.2 million vehicles against 3.4 million of the 1939 models, for a very...

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