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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , APRIL 20, 1939
SUMMARY OF BUSINESS TRENDS
/COMPOSITE measures of industrial activity have been de- for any month since June 1937. The daily rate was little changed
^-* pressed by the lowered volume of coal production and the from February and as a small reduction usually occurs, the
decline in steel ingot output. Bituminous coal mines in the seasonally adjusted figure was somewhat higher. Deliveries of
Appalachian region have been shut down since the end of March, raw silk also were higher than in February on a seasonally correctand output has dropped sharply from the March average. The ed basis. March deliveries of rayon were lower on a daily basis
labor dispute causing the shut-down was still unsettled at mid- than in the preceding month. Consumption of crude rubber
totaled 50,000 tons in March, the highest for any month since
April.
Production of steel ingots was off to 52 percent of capacity last June 1937 and more than 60 percent larger than a year ago.
week as compared with the March rate of 56 percent. Automo- Aggregate output of nondurable consumers' goods has continued
bile output increased slightly last week; assemblies have averaged at a rate only moderately below the levels in the early months
around 88,000 units for the past several weeks, more than 50 of 1937.
Machine-tool orders in March recorded a further substantial
percent above the level of a year ago. Freight traffic, other
than coalj "has been maintained at the March levels Retail sales 'advance, a continuation of the better volumes in evidence
of general merchandise last week reflected the usual lull, but since last fall. Noteworthy is the fact that the expansion has
pre-Easter sales showed a slightly better-than-seasonal rise and resulted mainly from enlarged domestic bookings. The index
were larger than a year ago. There was an advance in security of new orders compiled by the National Machine Tool Builders
prices as the week drew to a close and representative market Association rose 18 points from February to 185 (1926 shipments = 100) for March. During the first quarter this index has
"averages" recorded net gains for the week.
Mill consumption of raw cotton in March was the largest averaged 67 percent higher than a year earlier.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
SPOT COMMODITY
ELECTRIC POWER PRODUCTION
(PERCENT OF CAPACITY)
PRICE?
(MOODYJS I N D E X - D E C . 3 1 , 1951 -
(MILLIONS Of KILOWATT HOURS)
IQO )
\
BITUMINOUS COAL PRODUCTION
(MILLIONS OF SHORT
PRICES OF 3 5 0 INDUSTRIAL STOCKS
CONSTRUCTION CONTRACTS-HW. DODGE
(INDEX.
(DAILY AVERAGE AWARDS-MILLIONS Of DOLLARS)
TONS)
1 9 2 6 - 100)
„
160
140
/v
A/
120
10
100
80
i
t
1
t
1
i
i
i
i
60Lv
AUTOMOBILE PRODUCTION
( T p S
Of .VEHICLES )
(THOUSANDS.OF. . C A R S ) .
DEPARTMENT STORE SALES
(PERCENT)
.
MACHINE TOOL ORDERS
COTTON CONSUMPTION
(SEASONALLY ADJUSTED - 1913 - 25«100)
(THOUSANDS OF
100
8U0
95
(1926
BALES)
S
X
^ \
i\
250
600
V
85
80
u
400
A
200
r^
150
, , i . , ! . . t , ,
, , t , , 1 , , t , ,
1937
141192—39
1938
1939
200
v» 1 ' • • 1 i t 1 1 1
1937
l\
v \AV
/
100
300
. i , , f , . i,.
V
\
500
V
75
SHIPMENTS" 1 0 0 )
300
700
90 ^
70
YIELDS OF 120 CORPORATE BONDS
FREIGHT CAR LOADINGS
,. I . . I ,. I .,
1938
, ,i ,,1 ,,1 , ,
1939
50
0
. . i
. . i
. . i ; .
1937
. , i . , r. , t . ,
1938
, . 1 , . I , , 1 1 L-
1939
»•*
WEEKLY BUSINESS INDICATORS
[WeekJy average 1923-25 *= ICO]
1938
1939
Apr. Apr. Apr. Mar. Mar. Apr.
18
25
15
Business activity:! >l
New York Times§d _
Barron's§ eS"
Business Week
Commodity prices, wholesale:
D e p t . of Labor, 1926=100:
Combined index (813)
F a r m products (67)__—
Food (122)
.„
All other (624)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytic{
Cotton, middling, spot
Construction contracts^
Distribution: Carloadings
Employment: Detroit, factory..
Finance:
Failures, commercial
Bond yields^
Stock prices?
T T
76.5 76.6 76.
66-6 66.7 67.
70.5 70.8 70.7
80.7
80.7
78.6
68.9
72.3
82.1
78.5
68.1
72.2
82.2
87.6
92.4
85.3
86.5
87.9
93.5
86.1
86.3
79.8 79.6 79.8 79.8 79.9 81.1 80.9 94. 94 5
76.1 78.3 79. 79. 79. 71.0 71.0 110.9 118-8
53.7
32.
31.6 33.1 31.6
32.0 32.0
77.1 90.2
55.8 63.0 63.1 62.
97.7
1937
Apr. Apr. Apr. Mar. Mar, Apr. Apr.
25 18
15
Apr.
86.9 89.4 88.5
77.1 77.9 107.2 106.2
109.0 105.4
78.2 95.2 94.1 94.0 72. S
116.6 113.6
98.9 99.2 99.1 78.3
75.9
63.8
68.4'
80.6
1938
1939
1937
57.8
47.9
56.1 54.4 77.9 74.2
127.
68.8
73.0 62.2 47. 48.2
65.1 60.2 63.9 74.0
67.2 66.0 65.0 65.2 64.5 78. 79.5 19.0 69.2
92. 92.fi
101.9 106.2 84.1 79. 136-9 135.7
Finance—Continued.
Banking:
Debits, outside N. Y. C4— 79.2 117.3 82.3 90.2 86.5 74.9
96.0 101.2
Federal Reserve reporting
member banks:
75.2 75.0
Loans, total,!"*
65.0 65.3 65.5 65.7 6.3 68.5
Interest rates:
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
Call loansj
Time loans}:
. 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
141.2 141.4 139.9 139.3 139.3 131.7 131.8131.8 131.7
Currency in circulation!
Production:
115.4 114.1 112.7117.2113.7 81.3 79.9 164.5 130.0
. Automobiles
18.2 78.9 73.0 75.0 54.0 55.0 61.7 57.1
Bituminous coalf.
til.6111.1 109. 85.4 88.2134.1 135.0
Cotton consumption^
_
130. 5132.7 132.0 133.f. 6 117.5 119.4130.4 130.6
Electric powert
Lumber
- -44.8_ 42.9 3S.4I 3S.9 33.7 40.1 55.3 56.7
Petroleum}
_
_
165..3 101.2162.4|162.5 162.5 162.8 166.3 164.5
Steel ingots©
94.0 96.4 95.2 95.7 55.2
55.2 55.0148.3 147.7
Receipts, primary markets:
Cattle and calves
66.0 65.3
52.7 56.2 63.0 57.6 62.0
Hogs.....
29.6 35.8 36.3 36.1 32.3 33.6 44.0 42.7
Cotton
31 29.2 30.4 37.3 39.6 27.3 41.5 51.9 36.9
Wheat
37.9 42.5 36.3 19.4 28.2 23.8 28.7
60.6
t Daily average.
f Weekly average, 1928-30=100.
cT For description of these indexes, see p . 4 of the Dec. 16,1937 issue.
• Data do not cover calendar weeks in all cases.
& Computed normal=100.
1 Seasonally adjusted.
& Index for week ended Apr. 22 is 87.4.
WEEKLY BUSINESS STATISTICS'
1938
1939
Apr. 15
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York t—
dol. P©r lb_.
Cotton, middling, spot, New York.
do.
Food index (BradstTeeVs)
_
—.—do.
Iron and steel, composite
dol. per t o n . .
Wheat, No. 2 hard winter (Kansas City)__dol. per bu__
Banking:
FINANCE
Debits, New York City
mil. of dol.
Debits, outside of New York City
do...
Federal Reserve banks:
Reserve bank credit, total
do
U. S. Government securities
..
do
Member bank reserve balances
do.
Excess reserves, e s t i m a t e d . . . . - do.
Federal Reserve reporting member banks:
Deposits, demand, adjusted
do.
Deposits, time..
do.
Investments, total§
do
IT. S. Government direct obligations
do
Obligations fully guaranteed b y U. S. Government
mil. of dol_.
Loans, totals.
do
Commercial, industrial, and agricultural loans§
mil. of dol.*.
Interest rates, call loansj
percent..
Interest rates, time loansj
..do.
Exchange rates:
French franc?
___.
cents..
Found sterling^
„
__
dollars..
Failures, commercial
numberCurrency in circulation!
__
. . m i l . of dol—
Security markets:
Bond sales (N. Y. S.E.)
thous. of dol. par value..
Bond >iJlas (Moody's) (120 bonds) J
percentStock sales (N. F . S. E.)
_thous. of shares..
Stock prices (N. Y. Times)t
.__.doLper share..
Stock prices (Standard Statistics) (420)i
1926=100..
Industrials (350)..
do
Public utilities (40)
.._.
do—.
Railroads (30)
do.
P R O D U C T I O N , CONSTRUCTION, A N D
Production:
DISTRIBUTION
Automobiles
numbef..
Bituminous coalj
_
thous. of short tons..
Electric* "power!._.^__l_r....".-. -..mil. of kw.-hr—
Petroleum*
thous. of bbl__
Steel ingots®...
_
pet. of capacity..
Construction-contract awards!
thous. of doL.
Distribution:
Freight-car loadings, total
-';~~:_____._.cars._
Coal and coke
do
Forest products,—_.
__^-..—__^—
do
Grains and grain products
do
Livestock
^
do
Merchandise, 1. c. 1
do—
Ore...
do.._.
Miscellaneous^."_.-•-.—...-...
r_.........do
Receipts:
- Cattle and calves
...^
...thousands..
Hogs
do
Cotton into sight
tbous. of bales..
Wheat, at primary markets
thous. of bu_.
Apr. 8
Apr. 16
Apr. 1
Mar. 25
Mar. 18
Mar. 11
0.110
.092
2.34
36.39
0.098
.090
2.37
38. 59
.85
1937
Apr. 9
1936
Apr. 17
Apr. 10
0.098
.086
2.41
38.62
.84
0.153
.138
2.89
40.47
1.36
0.164
.146
2.94
40.55
1.44
0.090
.117
2.64
33.09
1.04
0.105
.087
2.28
36.32
0.108
.087
2.27
36.40
.69
0.110
2.29
36.42
0.110
-0S9
2.31
36.42
0.110
.086
2,714
3,672
3,641
4,536
3,094
3,813
3,509
4,181
4,112
4,011
3,755
2,491
3,475
3,975
4,191
3,715
4,450
4,524
4,693
3,916
2,584
2,564
9,528
3,879
2,584
2,564
9,318
3,708
2,578
2,504
9,125
3,519
2,573
2,564
8,989
3,364
2,595
2,564
9,077
3,443
2,565
2,564
8,985
3,407
2,602
2,564
7,472
1,727
2,596
2,564
7,296
1,575
2,528
2,487
6,901
1,627
2,493
2,459
6,684
1,442
2,477
2,430
5,333
2,548
16,388
5,212
13,571
8,213
16,072
5,215
13,470
8,145
15,991
5,217
13,388
8,096
15,976
5,212
13, 533
16,143
5,198
13,541
8,2S0
16,086
5,224
13, 450
8,176
14,425
5,218
12,227
7,960
14,274
5,222
12,154
7,897
15,249
5,133
12,899
8,457
15,160
5,144
12,983
8,520
13,996
4,958
13,426
8,796
2,038
8,120
2,035
8,164
2,026
8,191
2,036
8,209
2,023
8,281
2,030
8,338
1,171
8,567
1,168
8,677
1,183
9,394
1,189
9,373
1.267
8,370
3,852
1.00
1.25
1.00
1.25
3,814
1.00
1.25
3,805
1.00
1.25
3,794
1.00
1.25
3,773
1.00
1.25
4,246
1.00
1.25
4,275
1.00
1.25
1.00
1.25
1.00
1.25
.75
1.00
2,647
4,680
265
6,850
. 2.648
4.681
245
6,865
.2.648
4.681
260
6,793
2.647
4.682
301
6,765
2.649
4.685
259
6,763
2.651
4.690
258
6,755
3.139
4.986
297
6,395
3.082
4.964
*253
6,400
4.464
4.924
194
6,399
4.556
4.899
196
. 6,396
6.592
4.941
184
5,895
35,440
3.88
6,523
89.78
79.3
92.8
77.8
23.6
32,820
3.81
6,842
89.95
81.8
95.8
79.6
25.0
39,010
3.75
7,140
96.32
87. G
102.9
83.327.8
32,130
3.76
4,995
99.00
86.7
102.1
81.8
27.1
51,220
40,060
3.73
- 3.72
5,561
5,593
105.94
. 103.09
95.0
92.5
111.8
109.0
88.3
86.4
31.7
29.5
27,750
4.52
4.409
81.67
73.6
87.9
65.6
21.8
33,720
4.59
4,424
77.63
68.4
80.8
63.8
20.9
61,400
3.98
6,655
132.95
124.1
146.0
100.3
59.8
67,520
3.99
8,651
131.78
121.5
142.6
100.0
58.2
57,110
3.97
7,824
123.92
109.3
125,7
•101.7
: 49.8
88,050
87,019
310
56,725
1,278
2,225
3,384
55.7
8,823
84,095
1,333
2,238
3,353
55.1
62,021
920
1,958
3,385
- 32.7
7,697
60,975
936
1,990
3.392
32.6
125,472
1,050
2,173
3,464
90.3
9,283
99,106
972
2,176
3,426
89.9
119,834
1,147
1,915
2,935
67.9
8,410
52.1
82
4,022
"2.174
3,444
54.7
85,980
89,400
1,344
1,243
2,210
2,199
3,358
3,382
• 56.1
55.4
12,379
14,489
3^39
535,470
52,475
2fi, 866
30,218
.10,528
157,755
8,657
248,971
604,241
110,716
27,129
32,087
10,774
157,406
9,108
257,021
605,462
120,968
28,109
31,680
11,315
153,714
7,577
252,099
594,568
123.678
26,130
29,984
11,219
152,325
8,932
242,300
591,691
125,280
25, 927
31,211
10,175
152,422
7,559
239,117
537,585
92,135
25,422
31,215
13.251
150,722
7,813
219,027
522,049
95,630
22,485
28,777
11,090
150.656
6,177
207,234
746,523
130,100
36,209
29,113
13,056
173,349
35,934
328,702
711,079
12fi,930
35,732
29,241
11,568
173,653
17,450
316,505
642,278
116,627
31,537
30,180
12,972
161,603
9,569
279,790
167
192
76
3,197
178
232
79
3.017
199
235
97
3,380
182
234
103
2,891
168
214
90
3,083
196
210
71
1,544
187
218
108
2,245
209
286
135
1,893
206
277
96
2.283
235
245
82
1,725
•Data do not cover calendar weeks in all cases.
{Daily average.
®Rate for week ended Apr. 22 Is 50.9.
$No longer strictly comparable; for an explanation, see the corresponding data on page 30 of the April 1939 issue of the Survey.
Apr. 18
3
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data, may be found in the
March
1938 Supplement to the Survey
COMMODITY PBICES
Page 12
Retail prices:
Fairchild's index:
Combined index
Dec. 31,1930 =100..
Apparel:
Infants' wear
_
_.do
Men's
do
Women's
_
do
Home furnishings.
_.do
Piece goods
__
...do
96.2
88.4
90.5
84.3
1938
March
April
May
90.6
90.2
19.5
97.1
90.2
91.4
94.2
85.6
97.1
89.9
90.8
93.5
85.4
97 0
89.6
92.7
84.9
DOMESTIC TRADE
Pages 26, 27, 28, 30
Advertising:
Newspaper advertising:
Lineage, total (52 cities)....thous. of lines.. 111,815 108,919 109,917 109,906
22, 646
22, 695
23,404
22,147
Classified
_
..do
87,211
87,271
85,514
Display, total
_.do.
5,676
4,347
5,081
4,768
Automotive
..do
1,396
1,459
1,918
1.695
Financial
_
..do
18,310
17,505
17. 544
17,414
General
_
..do
61,830
63,960
60,971
65,792
Retail
__
..do
Postal business:
Receipts, postal:
60 selected cities
tjious. of doL. 33,478 •31,794 29,564 28, 247
3,485
3,641
3,979
3,881
50 industrial cities...
..do
Retail trade:
---•-- —
Chain-store sales:
Chain Store Age index:
Combined index (20 chains)
105,0
103.3
103.3
109.4
av. same month 1929-31=100..
109.4
112.8
116.0
127.0
Apparel chains
do
Variety-store sales:
S. S. Kresge Co.:
Sales..
thous. of dol— 10,606 10,053 11,965 10,253
681
681
681
683
Stores operated
number..
S. H. Kress & Co.:
6,507
6,671
6,054
5,969
Sales.,
.thous. of dol.
239
236
238
Stores operated
number..
McCrory Stores Corp.:
3,493
2,909
3,005
3,196
Sales
.thous. of dol..
201
201
201
202
Stores operated
number.
G. C. Murphy Co.:
3,652
3,160
2,782
3,205
Sales
thous. of doL.
201
201
201
200
Stores operated
number..
F. W. Woolworth Co.:
Sales
_
thous. of dol— 23,104 22,055 25,926 22,714
2,011
2,012
2,012
2,012
Stores operated
number..
Other chains:
W. T. Grant & Co.:
7,214
8,061
Sales
^
thous. of d o l - 7,164
480
481
481
489
Stores operated
...number..
J. C. Penney Co.:
Sales
thous. of dol._ 18,736 17,044 20,371 18,853
1,528
1,527
1,542
Stores operated
number..
1,526
Mail-order and,store sales:
Montgomery Ward & Co...thous. of dol.. 35,730 30,797 37,063 36,150
44,857
43,463
41,071
49,768
Sears, Roebuck <fe Co
..do
Rural sales of general merchandise:
103.5
107.9
115.0
98.4
Total, U. S., unadjusted
1929-31=100.
112.3
123.7
110.1
105.8
Total, IT. S., adjusted...—
do—
FINANCE
Pages 56, 60, 73, 74, 75, 77
Banking:
Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. of dol._
TJ. s. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do
Life insurance (Ass'n, of Life Insurance Presidents):
_ . Insurance-written:®—
June
July
1939
August *PjSr October *ZT
ber
V'
ber
January
February
89.2
89.0
89.0
89.0
88.9
89.1
89.1
89.4
89.3
91.9
84.9
96.8
88.9
89.0
91.5
84.8
96.6
89.0
89.4
91.3
84.5
96.5
88.7
89.4
91.1
84.5
96.4
88.7
89.4
90.9
84.5
98.4
88.7
89.2
90.4
84.4
88.7
89.0
90.4
84.3
96.3
88.7
89.0
90.5
84.3
96.2
88.5
98,519
21,331
77,188
4,340
1,556
16,253
55,039
83,653
20,301
63,352
3,031
1,869
13,028
45,424
86,102
20,80S
65,293
2,623
1.201
12,175
49,295
103,869
21,376
82,493
2,366
1,209
15,888
63,031
113,558
22,411
91.147
4,932
1,732
18,411
66,073
113,457
20,233
93,314
6,608
1,449
18,749
66,509
118,096
20.372
97,723
3,581
1,574
14,028
78,540
87,418
19,556
67,861
2,446
2,301
12, 771
50,343
86,651
18,318
68,333
3,458
1,403
14,024
49,448
28,007
3,500
24, 602
3,303
26,609
3,446
29,517
3,472
30,850
3,728
31,426
3,568
42,470
5,154
28,537
3,667
27,710
3,493
106.3
109.7
108.1
120.0
106.0
116.0
109.4
122.0
108.0
120.0
109.5
121.2
112.9
127.0
107.5
118.0
108.8
112.7
10,643
10,004
681
10,179
11,125
685
12,353
685
11,972
24,114
687
8,801
9>058
6,235
239
5,822
239
6,336
238
6,179
238
6,827
238
6,613
238
14,429
238
5,055
238
5,163
238
3,200
200
2,946
199
2,960
200
2,955
200
3,294
200
3,186
200
7,003
200
2,535
202
2,738
202
3,294
201
3,301
201
3.Q87
201
3,308
201
3,811
201
3,594
201
'7,223
201
2,685
201
2,752
201
23,149
2,010
22,733
2,010
2?,566
2,011
23,491
2,013
26,774
2,017
25,295
2,018
50,379
2,017
19,653
2,014
20,686
: 2,011
6,971
484
6,834
484
7,653
484
8,970
487
8,635
489
17,996
491
5,531
5,748
489
20,322
1,531
18,258
1,530
19,068
1,533
22,381
1,537
26,820
1,538
27,196
1,539
38,928
1,539
16,523
1,539
14,613
1,540
35,745
43,820
29,075
36,316
32,849
39,934
38,556
49,167
46,667
53,345
42,295
51,215
57,085
68,622
24,769
33,551
24,964
34,901
106.2
112.4
84.8
110.2
98.2
114.2
121.1
122.4
140.9
115.5
147.2
119.7
183.6
129.3
91.3
110.0
100.1
110.6
88.9
90.5
84.3
5,478
5,329
5,303
5,307
5,336
5,329
5,332
5,362
5,363
5,359
5,405
5,417
5,431
1,266
78
1,268
121
1,262
119
1,255
116
1,252
115
1,252
101
1,252
99
1,248
98
1,250
96
1,250
87
1,252
'86
1,259
80
1,263
78
Policies and certificates, total number
648
1,089
822
675
865
712
842
760
720
784
892
833
878
:
thousands
23
Group_
_
..do...
30
34
71
16
24
30
12
18
16
24
?3
20
399
Industrial
_
'
_-do...
608
755
357
582
598
580
511
518
643
648
499
656
252
Ordinary
I
do...
223
264
262
161
200
174
197
176
175
220
310
202
. Value, total
thous. of dol_. 645,019 672,142 617,475 618,807 597,773 528,452 550,960 519,932 592,432 671,262 974,920 '729,937 '570,491
Group_
_
do___
45,205 33,050 37,815 43.076 45,076 18,659 23,443 24,924 32,288 43,754 91,294 51,899 '40,365
Industrial
,
do.._ 138,396 198,025 193,131 191, fi48 170,312 153,392 156,304 173,641 179,553 182,690 226,085 99,363 109,871
Ordinary
„
do
461,41S 441,067 386,529 384,083 382,385 356,401 361,213 321,367 380,591 444,818 657,541 ' 578,675 420,255
Security markets:
Bonds:.
Prices:
Average price of all listed bonds (N. Y.
91.86
91.03
91.27
90.34
90.67
89.40
91.80
89.03
87.82
S. E.)
-dollars8S.98
90.19
87.78
85.71
Standard Statistics Co., Inc. (60 bonds)
82.1
81.9
82.1
81.1
SI. 8
81.3
80.8
78.7
73.8
dol. per $100 bond. .
75.3
76.0
7fi.5
83.1
86.4
Industrial (20 bonds)
do
86.0
86.2
86.9
85.7
84.2
88.8
80.0
85.0
79.5
77.8
80.4
87.1
100.7
Public utilities (20 bonds)
do
98.7
99.7
99.3
93.1
66.3
98.6
94.0
97.3
91.2
90.2
94.0
101.3
59.0
Rails (20 bonds)...
do
5S.6
59.7
60.2
60.0
55.7
59.9
52.0
60.2
57.3
53.5
55.1
60.9
Value, issues listed on N. Y. S. E.:
51,466
Par value, all issues.,..
mil. of dol.. 52,670 48,360 48,279 48,244 49,177 , 49,409 : 49,424 50,331 50,225 50,301 51,554 51.587
. 46, SC2
Domestic issues
-__._do
48,071 43,601 43,559 43,551 44,489 44,657 44,676 45,649 45,546 45,640 46,920 46,933
4,604
Foreign issues
do
4,654
4,661
4,634
4,748
4,682
4,679
4,752
4,760
4,720
4,693
4,687
4,599
47,271
Market value, all issues
do
48,352 41,450 42,399 42,347 43,757 44,561 44,183 44,837 45,539 45,442 47,053 46,958
44,524
45,665 38,677 : 39,571 39,548 40,919 41,674 41,339 42,041 42,675 42,597 44,268 44,233
Domestic issues
,
do
2,748
Foreign issues
:
do
2,725
2,785
2,796
2,864
2,844
2,887
2,844
2,828
2,799
2,838
2,773
2,687
'Revised.
040 companies having 82 percent of total life insurance outstanding in all United States legal reservo companies.
MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics through December 1937, to- 1939
gether with explanatory notes and references
to the sources of the data, may be found in the March
19S8 Supplement to the Survey
1938
March
April
May
June
July
1939
DecemOctober November
ber
August
January
February
FINANCE—Continued
Security markets—Continued.
Bonds—Continued.
Yields:
Moody's:
Domestic (120 bonds)
percent.
, By ratings:
:
Aaa (30 bonds)
do._
Aa (30 bonds)
do...
A (30 bonds)....
...do...
Baa (30 bonds)
do...
By groups:
Industrials (40 bonds)
do.__
Public utilities (40 bonds)—do...
Rails (40 bonds).
..._do...
Stocks:
Average price of all listed stocks (N. Y. S.
E.)_
_.__Dec. 31, 1924^100.,
Standard Statistics Co., Inc.:
Combined index (420 stocks)
1926=100.
Industrials (348 stocks)
do....
Public utilities (40 stocks)
do....
Kails (32 stocks)
do....
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of doL.
Number of shares listed
millions..
3.74
4.36
4.50
4.28
4.40
4.17
4.09
4.17
4.03
3.95
3.95
3.86
3.81
2.69
3.22
3.87
4.89
3.22
3.56
4.34
6.30
3.30
3.73
4.49
6.47
3.26
3.68
4.41
6.25
3.22
3.62
4.21
5.63
3.18
3.57
4.13
5.49
3.21
3.60
4.20
5.65
3.15
3.53
4.08
5.36
3.10
3.46
4.02
5.23
3.08
3.42
4.02
5.27
3.01
3.32
3.97
5.12
3.00
3.26
3.94
5.05
3.29
3.48
4.46
3.58
4.05
5.44
3.64
4.11
5.75
3.22
3.56
4.28
6.06
3.51
3.90
5.44
3.55
3.90
5.75
3.48
3.79
5.25
3.43
3.76
5.09
3.50
3.82
5.18
3.43
3.73
4.94
3.39
3.65
4.83
3.40
3.63
4.82
3.31
3.57
4.70
3.29
3.52
4.63
57.0
44.2
49.8
48.1
58.3
62.2
60.6
60.6
65.4
64.1
66.2
62.6
64.4
91.7
108.0
85.8
29.7
77.9
92.7
68.5
25.5
70.7
84.2
64.0
20.9
73.9
87.4
69.5
21.8
73.1
86.4
69.2
20.5
88.0
105.3
76.5
27.3
89.5
108.0
75.0
27.8
86.0
103.9
72.2
25.5
91.1
109.6
77.4
28.1
94.7
113.6
80.9
30.0
92.0
110.6
77.9
28.8
91.8
109.3
81.2
29.8
90.1
106.3
83.8
2S.0
40,921
1,427
31,858
1,427
35,865
1,426
34,585
1,424
41,962
1,427
44,784
1,427
43,526
1,425
43,527
1,425
47,002
1,426
46,081
1,427
47,491
1,424
44,884
1,425
46,271
1,426
29,948
24,367
31,867
38,706
28,104
27,1*87
26,573
27,617
17,419
18,061
17,240
9,942
45,157
18,994
32, G98
16,350
20,262
10,969
10,216
FOODSTUFFS
Pages 106,108,110, 111, 112,115
Grains and grain products (principal markets):
Corn:
Eeceipts
thous. of bu.. 13,085 23,558
8,473 12,921
Shipments
do—
Oats:
Receipts
do....
5,769
4,730
Wheat:
13,748 10,642
Receipts.
do
11,113 10,458
Shipments
do
Stocks, cold storage, end of month:
Butter, creamery
thous. of lb_. 78,806 ' 14,947
81,644 77,042
Cheese (total)
-do
Eggs:
1,094
Case
thous. of cases..
1,303
Frozen
thous. of lb_. 60,508 96,475
Fish, total (15th of month)
do.... 40,403 45,694
757
Total meats
mil. of lb_.
789
Beef and veal
thous. of lb_. 40,913 50,501
Pork, total
..do.... 651,377 665,263
522,330 543,917
Fresh and cured
do
129,017 121,316
Lard
do
2,383
Lamb and mutton.
_
.-do
2,C01
*2
Miscellaneous meats
mil. of lb_.
70
Poultry
thous. of Ib_.
78.819
Livestock:
Cattle and calves:
Receipts, principal markets
thous. of animals..
1,626
1,542
Disposition:
Local slaughter
do
952
1,013
Shipments, total
do
579
605
Hogs:
Receipts, principal markets
do
2,205
1,895
Disposition:
Local slaughter
do
1,654
1,334
Shipments, total
__do
547
557
Sheep and lambs:
Receipts, principal markets
do
1,766
1,739
Disposition:
Local slaughter
__do_.__
1,046
1,067
Shipments, total...
„
do
670
720
METALS AND MANUFACTURES
Page 140
Machinery and apparatus:
Machine tools, orders, new
av. mo. shipments 1926—100..
185.4
107.0
PAPER AND PRINTING
Pages 145,146
Newsprint:
Canada:
Production
short tons.. 220,648 224,604
Shipments from mills.._
do
205.099 182,687
Stocks, at mills, end of month
do
205,012 188,006
United States:
Production
do
79,929 67,864
Shipments from mills
do
81,616 66,138
Stocks, at mills, end of month
do
20,135 26,527
4,381
5,267
3,609
9,703
24,669
10,128
7,707
4,199
5,058
14,373
8,827
6,221
10,875
13,778
14,274
17,090
16,984
14,277
101,195
26,726
61,080
25,258
38,477
23,291
27,345
23,797
19,110
21,696
14,892
18,252
11,900
12,758
9,512
9,251
19,574
76,289
54,594
91,160
120,351
114,788
172,622 201,252 210, 703 194,285
134,351 150,248 140,755 132,326
159,254
127,440
128,872 111,354
120,174 106,411
' 92,7S0
' 91,485
3,204
6,255
5,100
115,874 130,872 138,510
37,367 45,981 55,039
729
642
671
40,145 33,601 33,730
622,454 574,097 543,770
500,564 450, 516 417,704
121,890 123, 581 126,066
2,148
2,125
2
^
62
62
60,053 52,049 53,432
6,411
5.942
4,765
1,439
3,244
302
135,329 125,018 110,244 94,305 78,091 62,903
66,716 75,882 84,537 85,665 93,024 90,711
548
601
484
413
459
671
35,925 34,467 36,943 41,218 52,637 58,187
502,058 451,397 367,177 319,312 373,641 537,525
378,081 334,777 277,231 251,645 299,142 430,104
123,677 116,620 89,946 67,667 74,499 107,421
1,972
1,861
2,606
2,318
3,541
3,171
61
60
53
72
54
50
52,640 54,941 59,942 77,692 118,088 139,108
136
50,345
••77,088
791
53,126
658,489
526.411
132,078
2,925
76
133,531
4,304
'165
M4,476
62,109
••784
r
46,404
' 667,419
' 542,138
' 125,281
' 2,773
'68
'116.229
1,502
1,681
1,605
1,630
1,946
2,017
2,306
1,900
1,465
1,635
1,294
920
576
1,021
632
995
615
952
659
1,103
821
1,061
950
1,122
1,120
989
927
843
632
975
608
807
496
1,724
1,890
1,757
1,570
1,797
1,881
2,255
2,607
2,570
2,699
1,971
1,206
517
1,333
548
2,409
1,249
500
1,122
444
1,397
479
1,660
587
1,903
691
1,848
726
1,928
754
1,398
566
1,929
1,964
1,323
465
2,664
2,805
1,945
1,552
1,746
1,546
1,079
853
1,274
1.129
1,080
862
979
992
1,146
1,495
1,174
1,786
1,124
1,673
996
968
890
673
1,063
677
953
595
90.3
60.7
70.2
120.9
117.4
118.1
112.2
146.5
150.8
167.1
200,794 207,678 201,694 202,546 220,303 231,940 254,872 245,295 209,753 208,382
214,182 193, 283 208,476 205,460 204,668 230,346 255,100 264.421 225,472 201,852
174,618 189,008 182,226 179,282 194,917 196,511 196,283 177,157 161,438 167,968
58,836 68,001 65,382 63,278 67,436 CS, 315 72,827 78,390 75,855 77,264
57,348 66,197 GO, 204 69,718 66,006 74,336 : 72,203 76,278 77,974 72.S67
28,015 29,819 28, s97 22,557 23,987 17,966 18,590 20,702 18,583 22,880
200,631
178,236
190,363
70,868
71,926
21,822
TEXTILE PRODUCTS
Page 154
Cotton:
Consumption
^
bales.. 649,237 512,626 413,169 426,149
Exports (excluding 1 inters)..thous. of bales377
426
330
193
Imports (excluding linters)
do .
19
14
20
10
l
Stocks, end of month:
'
Domestic, total
do
14,905 12,710 12,187
Mills
do....
1,416
1,700
1,768
1,581
"Warehouses
do
13,489 10,942 10,487 10,052
* Revised-
443,043
176
15
448,453
196
25
11,138
1,412
9,726
10,908
1,263
9,640
561,406 534,037 542,778
201
465
389
18
11
11
10,878
1,053
9,826
14,121
1,107
13,013
16,820
1,507
15,313
481
14
17,292
1,714
15,578
.565,307 591,991
361
290
11
12
17,028
. 1,697
15,331
16,409
1,627
14,782
562,293
264
8
15,628
; 1. 559
14,069
U . S . GOVERNMENT PRINTING OFFICEi I93»
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