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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C, JUNE 22, 1939 SUMMARY OF BUSINESS TRENDS TIMPROVEMENT in the general business situation has occurred J- so far in June though the aggregate gains have not been large. Industrial ^ purchasing and wholesalers' commitments have increased in a number of important lines, with a resultant strengthening of producers' schedules. Active buying of unfinished cotton textiles has been reported and prices have strengthened. Cotton mills disposed of a substantial part of their unsold stocks leading to some improvement in their statistical position. Prices generally continue to move in a restricted area, with but slight change in the general level or in the prices of "sensitive" commodities during the past month. Among the capital goods industries, another sharp rise in machine tool orders was reported in May. This industry continues to operate at a much higher rate than the durable goods industries generally. Output of durable products is considerably higher than a year ago, though well below the volume reached in the first half of 1937. The May index of the Machine Tool Builders Association, however, has been exceeded but twice in recent years. So far this year new orders for machine tools have been one-sixth below the total for the comparable months of 1937, but they have almost doubled the incoming business in the early months of 1938. While foreign markets have contributed a large percentage of the orders, domestic business for the first 5 months of this year was more than 40 percent larger than in the final 5 months"of 1938. Industrial activity, seasonally corrected, thus far in June has been higher than in May. While June is normally a month of curtailment in steel-mill operations, ingot production through June 24 has averaged about 54 percent of capacity compared with the May rate of 47 percent. Automobile assemblies rose sharply to 78,000 units last week as a leading manufacturer resumed a 5-day schedule of operations following several weeks of restricted output as a result of labor disputes. Bituminous coal output has held at 6 million tons weekly. Railway freight traffic for the week ended June 10 reached a 1939 high of 635,000 cars—15 percent larger than a year ago. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (PERCENT ELECTRIC POWER Or CAPACITY) COMMODITY PRICES PRODUCTION I N D E X - OEC. 3 1 , 1 9 5 ' - ' 0 0 ) (BILLIONS OF KILOWATT HOURS) IZ5U^_ BITUMINOUS COAL (MILLIONS OF PRODUCTION SHORT (INDEX, (DAILY AVERAGE AWARDS - MILLIONS OF DOLLARS) AUTOMOBILE PRODUCTION (THOUSANDS PRICES OF 3 5 0 INDUSTRIAL STOCKS CONSTRUCTION CONTRACTS-FW. DODGE TONS) YIELDS OF IZ0 CORPORATE BONDS FREIGHT CAR LOADINGS OF VEHICLES) 19Z6 = 100) (PERCENT) (THOUSANDS OF CARS) /957 ~\ A/ i • DEPARTMENT STORE SALES HONTHlY DATA 95 90 t COTTON CONSUMPTION (SEASONALLY ADJUSTED - 1913 - 25 • 100) 100 1L (THOUSANDS OF 800 MACHINE TOOL ORDERS (1926 BALES) MCmmr a*T4 700 A — ^ \ 85 80 75 70 • ilnlul,, 1937 156072—39 if \ 500 \ r . 1 . . 1 , , I , , 1938 A 200 r^ 1939 z£ X 100 300 . . 1 1 i 1 , , 1 , , \J ISO 400 V MQtmay ava E50 600 \ 5HIPMENTS= 100) 300 SO 200 1937 . i 1 . i F t i 1 . , . . ! . , 1 < i I . i 1938 1939 0 , ,r ,,I ,,l , , 1937 , 1938 1 , , t , 1939 , I 1 1M WEEKLY BUSINESS INDICATORS1 [Weekly average, 1923-25*= 100] Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined index (813) Farm products (67) Food(*22) All other (624) Fisher's index, 1926=100: Combined index (120) Copper, electrolytic t Cotton, middling, spot 86.0 87.6 84.2 88.7 86.0 93.3 99.6 96.8 76.8 67.8 74.3 Finance—Continued. Banking: 85.4 84.5 104.1 19.4 Debits, outside N . Y. 0 4 — . 83.6 92.4 97.3 81.5 Federal Reserve reporting member banks: Loans, total , 64.8 64.9 65.0 65.0 64.4 66.9 77.9 77.2 Interest rates: 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 Call loans*. 28.6 28.6 28.6 28.6 2$. 6 28.6 28.6 Time loans*.. 28.6 143.1 143.8 143.6 142.3 142.4 132.4 132.6 132.3 132.7 Currency in circulation* Production: 102.6 85 5 42.5 88.8 105.0 58.7 55.3 146.3 155.7 Automobiles 63.7 60.8 50.1 51.0 48.3 Bituminous coal* 69.1 Cotton consumption! 118.5 115.3 113.9 87.7 139.2 141.5 135.5 126.9 132.4 130.3 119.5 119. 6 132.9 132.9 Electric powerf 48.1 40.5 52.5 50.6 40.0 38.2 60.0 59.8 Lumber.. 162.1 170.9 172.1 165.1 150.6 150. 4 168.6 168.8 Petroleum* 91.2 93.1 89.7 83.3 78.0 45. 44.2 125.8 125.2 Steel ingots© Receipts, primary markets: 58-8 53.1 64.6 59.2 Cattle and calves 71.0 79.2 66.1 38.0 36.1 41.0 39.4 35.2 37.8 27.4 30.6 Hogs 31.9 28.5 38.5 34.2 27.7 19.2 14.2 21.2 32.3 Cotton 80.0 35.6 24.9 39.9 19.0 68.0 83.0 Wheat 76.6 107.0 107.0 66.6 106.0 106.4 74.3 118.2116:9 75.9 78.4 77.8 86.5 64.1 69.7 68.3 87.4 67.4 73.5 72.7 84.0 80.7 80.7 81.5 81.2 85.9 75.6 75.7 75.8 62.7 63.1 63.5 67.3 67.5 67.6 86.7 88.0 84.5 86.0 91.9 92.0 78.9 79.3 79.2 79.7 79.7 81.0 71.0 71.0 71.0 71.0 71.0 63.8 63.8100.0 100.0 36.8 36.0 36.0 36.0 30.9 30.1 46.3 46.3 Construction contracts? 79.9 Distribution: Carloadings 66.2 59.2 65.5 Employment: Detroit, factory.-. 62.4 Finance: 57.5 51.6 61.9 Failures, commercial Bond yields* 64.1 64.3 64.6 65.5 99.8 101.5 100.2 98.0 Stock pricesj - 74.9 64.2 57.5 57.9 54.9 1937 June June J u n e M a y M a y J u n e J u n e June June 12 27 20 18 11 17 10 19 June June June May May June June June June 17 10 3 27 20" 18 11 19 12 Business activity: 1 New York Times§tf_ Barron'sc?1 Business Week 1938 1939 1937 1938 1939 79.6 71.1 57.8 78.5 78.3 126.0 58.2 63.1 70.3 43.0 40.3 65.7 77.3 75.6 67.4 67.2 94.9 81.3 82.2 126.8131.3 •Data do not cover calendar weeks in all cases. § Computed normal=lOO. tDaily average. 1928-30=100. 100. JDaily tWeekly average, 1928-30 ^Seasonally adjusted. ©Index for week ended June 24 is 94.5., _„„.-^—.._. - .cTFor description of these indexes, see p. 4 of the Dec. 16, 1937 issue. WEEKLY BUSINESS STATISTICS* 1938 1939 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York* dol. per lb. Cotton, middling, spot, New York do... Food index (Bradstreet's) do__ Iron and steel, composite ..dol. per ton. Wheat, No, 2 hard winter (Kansas City)—dol. per bu. FINANCE Banking: Debits, New York City mil. of dol. Debits, outside New York City do._. Federal Reserve banks: Reserve bank credit, total do___ V. S. Government securities do Member bank reserve balances do Excess reserves, estimated do Federal Reserve reporting member banks: Deposits, demand, adjusted ___do~. Deposits, time do... Investments, totals do U. S. Government direct obligations do Obligations fully guaranteed by U. S, Government _ mil. of dol_. Loans, total$ .. do.... Commercial, industrial, and agricultural loans§ mil. of dol.. Interest rates, call loans* percentInterest rates, time loans* do Exchange rates: French franc* cents Found sterling*. dollars.. Failures, commercial ..number. Currency in circulationt mil. of dol " Security markets: Bond sales (N. Y. S. E.) thous. of dol. par value.. Bond yields (Moody'*) (120 bonds)*percent.. Stock sales (N. Y. S, E.) thous. of shares. Stock prices (N. Y. Times)X dol. per share.. Stock prices (Standard Statistics) (420) 1926=100.. Industrials (350) do. Public utilities (40) do. Railroads (30)._ do. PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles^ number Bituminous coal* thous. of short ions. _ Electric power mil. of kw. hr__ Petroleum * thous. ofbbl.. Steel ingots® pet. of capacity.. Construction-contract awards * thous. of dol Distribution: Freight-car loadings, total cars.. Coal and coke do Forest products do Grains and grain products do Livestock do Merchandise, 1. c. 1 do Ore__ do Miscellaneous _ do Receipts: Cattle and calves thousands.. Hogs do Cotton into sight thous. of bales.. Wheat, at primary markets .thous. of bu__ June 17 June 10 0.098 .099 2.19 35.71 .72 0.098 .100 2.21 35.72 .75 3,047 3,875 May 27 May 20 0.098 .098 2.25 35.59 .79 0.098 .098 2.25 35.63 .78 0.098 .098 2.27 35.63 .76 3,744 4,286 2,756 3,761 3,071 3,779 2,605 2,564 10,101 4,264 2,576 2,564 10,053 4,279 2,573 2,564 10,029 4,218 17,212 5,225 13,781 8,390 17,057 5,229 13,679 8,318 2,108 8,097 1937 1936 May 13 June 18 June 11 June 19 June 12 0.099 .094 2.28 35.72 .75 0.088 .084 2.37 3S.38 .87 0.088 .082 2.36 38.38 .78 0.138 .126 2.82 39.80 1.24 0.138 .126 2.83 39.84 1.23 0.093 .122 2.62 32.77 3,340 4,161 2,930 3,830 4,053 3,958 3,918 3,917 4,042 4,830 3,428 4,146 4,840 4,445 2,576 2,564 10,097 4,304 2,576 2,564 10,005 4,244 2,575 2,564 9,967 4,186 2,598 2,564 7,904 2,726 2,582 2,564 7,848 2,711 2,583 2,526 6,808 752 2,573 2,526 6,929 931 2,480 2,430 4,894 2,043 16,965 5,235 13,554 8,237 16,955 5,247 13,548 8,264 16,681 6,247 13,563 8,304 16,719 5,249 13,634 8,334 15,065 5,227 12,505 8,032 15,034 5,230 12,319 7,891 15,242 5,233 12,832 8,556 15,506 5,233 12,567 8,25$ 14,431 5,021 14,121 2,092 8,116 2,055 8,126 2,046 8,125 2,031 8,046 2,010 8,085 1,451 8,361 1,434 8,625 1,165 9,741 1,160 9,647 1,302 8,538 3,831 1.00 1.25 3,833 1.00 1.25 3,822 1.00 1.25 3,837 1.00 1.25 3,845 1.00 1.25 3,852 1.00 1.25 3,958 1.00 1.25 3,962 1.00 1.25 4,326 1.00 1.25 4,282 1.00 1.25 1.00 1.25 2,650 4,683 2.650 4.684 234 6,983 2.649 4.683 210 6,972 2.649 4.681 252 2.649 4.681 237 6,916 2.649 4.681 276 6,916 2.786 4.970 257 6,429 2.778 4.954 286 4.453 4.938 175 6,423 4.451 4.935 164 6,442 6.585 5.028 203 6,085 26,690 3.70 2,511 31,850 3.71 2,933 98.54 86.6 101.1 85.7 26.3 23,690 3.73 2,438 97.31 86.0 100.4 84.8 26.3 33,290 3.78 3,871 95.18 84.6 98.7 83.9 25.6 25, 1.79 2,501 92.16 81.1 94.5 81.2 24.0 *i2 i.78 655 93.79 83.6 97.6 82.8 25.4 25,270 4.46 1,793 78.92 71.5 84.6 67.8 19.6 22,740 4.36 2,239 79.84 71.4 84.4 68.3 20.0 42,640 3.89 5,103 123.12 110.4 130.2 89.3 52.2 40,120 3.88 3,484 127.55 116.1 136.9 92.7 56.0 54.610 3.93 5,147 125.92 106.3 121.1 103.7 48.0 65,265 1,051 2,257 3,377 64.2 32,445 1,085 2,114 3., 559 52.2 12,828 67,740 1,035 2,205 3,585 48.5 80,145 854 2,170 3,438 45.4 12,019 72,375 179 2,171 3,403 47.0 11,275 44,790 868 1,991 3,137 27.1 9,275 42,175 823 1,992 3,132 26.2 111, 620 1,186 2,214 3,511 76.6 12,788 118,798 1,176 2,214 3,516 76.2 11,415 100,161 1,133 2,005 2,963 70.0 8,658 634,597 105,399 29,930 34,283 9,760 153,032 43,504 258,639 567,732 97,867 27,340 30,291 9,770 133,316 38,987 230,161 627,674 105,191 29,763 33,904 10,706 152,855 43,670 251,585 615,966 97,183 30,088 34,284 11,811 152,781 36,232 253,587 555,396 47,677 30,573 34,370 12,783 152,161 24,928 252,904 555,569 86,981 26,592 36,568 10,064 146,308 24,740 224,316 553,854 86,210 26,036 30,184 17,502 147,995 24,921 227,006 752,787 122,593 39,272 31,017 10,395 168,250 72,109 309,151 750,500 122,073 39,305 27,160 10,557 169,724 72,930 308,751 690,667 112,290 34,380 34,050 11,686 160,890 50,485 286,886 186 247 74 6,123 168 234 100 5,407 204 266 89 6,291 187 256 72 6,362 198 242 69 5,411 210 228 50 2,830 224 245 37 1,979 250 178 55 3,172 209 198 84 1,514 228 265 64 2,121 85.6 100.2 84.0 25.6 78,305 63.1 6,599 June 3 T June 20 «>T , ®Rate for week ended June 24 is 55.0. tDaily average. ©Data do not cover calendar weeks in all cases |No longer strictly comparable; for an explanation, see the corresponding data on page 30 of the April 1939 issue of the Survey. ISource: Ward's Automotive Reports. MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, together with explanatory notes and references to the sources of the data, may be found in the 1933 Supplement to the Survey COMMODITY PRICES Pages 11, 12,13, 15,131,134 Cost of living (i\T. I. C. £.): Combined index 1923=100Clothing do Food _ do Fuel and light do Housing ^ _ do Sundries do Retail prices: U. S. Department of Labor Indexes: Food... 1923-25«100_Wholesale prices: U. S. Department of Labor indexes: Combined index (813quotations).1926-100.. Economic classes: Finished products do Raw materials do^___ Semimanufactures do Farm products -do Foods. do Commodities other than farm products and foods 1926=100,. Pig iron: Basic (valley furnace) dol. per long ton.. Composite. . do Foundry, No. 2, northern (Pittsburgh) dol. per long t o n - May 1939 1938 1939 May June July DecemAugust SeptemOctober November ber ber anuary February March April 84.8 72.1 78.1 84.0 86.2 96.6 86.5 74.5 80.8 83.7 87.0 97.6 86.7 73.9 81.9 83.7 86.7 97.5 86.5 73.5 81.7 84.1 86.6 97.4 85.9 73.4 80.1 84.4 86.6 96.9 S5.9 73.3 80.4 85.0 86.6 96.8 85.8 73.2 79.8 85.6 86.6 96.8 85.6 73.2 79.5 85.9 86.4 96.8 85.8 73.0 80.3 86.0 86.2 96.3 85.4 72.7 79.2 85.9 86.2 85.1 72.4 78.4 85.9 86.1 96.7 84.9 72.3 78.0 85.8 86.1 96.7 85.0 72.2 78.2 85.2 86.2 96.7 76.5 79.1 80.2 80.0 78.4 78.7 78.1 77.8 78.6 77.5 76.8 76.4 76. C 76.2 78.1 78.3 78.3 77.6 77.5 77.0 76.9 76.9 76.7 76.2 82.1 70.7 75.4 67.5 72.1 82.2 71.4 74.1 68.7 73.1 78.8 82.5 72.3 74.3 6P.4 74.3 78.1 79.9 68.9 74.3 63.7 68.2 81.8 71.4 74.4 67.3 73.0 81.8 72.0 74.7 68.1 74.5 81.1 70.9 75.9 66.8 73.5 80.5 71.5 76.2 67.8 74.1 80.2 70.9 75.2 67.6 73.1 80.0 70.9 74.9 67.2 71.5 80.2 70.9 74.4 67.2 71.5 80.2 70.1 74.6 65.8 70.2 80.1 68.5 74.4 63.7 68.6 80.6 81.6 8i.3 81.4 81.4 81.3 81.1 80.6 80.3 80.2 80.2 80.4 SO. 5 20.50 21.15 23.50 24.15 22.50 23.59 19.50 20.15 19.50 20.15 19.75 20.29 20.50 21.14 .20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 22.89 2.->. 89 24.89 21.89 21.89 22.14 22.89 22.89 22.89 22.89 22.89 22.89 22.89 .0264 .0289 .0286 .0268 .0268 .0260 .0268 .0268 34.00 .0210 12.88 34.00 .0210 14.20 34.00 .0210 13.75 34.00 .0210 13.85 34.00 .0210 14.06 34.00 .0210 14.25 34.00 .0210 13.38 129.8 128.0 154.8 118.5 129.9 128.5 156.5 118.8 130.8 127.2 153.1 118.5 130.9 129.0 156.5 119.0 130.9 130.2 159.7 119.5 131.3 130.9 161.6 119.8 132.1 130.5 165.3 119.6 Composite, finished steel dol. per lb_. 34.00 34.00 34.00 3A.25 37.00 34.00 Steel billets, rerolling (Pittsburgh) .0210 .0210 .0210 . 0225 .0221 2.10 dol. per long ton.. 13.50 13.7o 12.00 10.38 10.95 12.80 Structural steel (Pittsburgh)-..dol. perlb.. Steel scrap (Chicago) dol. per gross ton.. 128.6 128.9 127.8 128.6 128.9 132.1 Purchasing power of the dollar: 127.1 127.6 125.0 124.7 126.4 130.7 Wholesale prices 1923-25=100159.7 154.8 154.8 159.7 159.7 163.4 Retail food prices do— 118.3 118.3 117.5 117.2 117.5 119.9 Prices received by farmers... do— Cost of living.. do CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F . W . Dodge Corp. (37 States): Construction, total value....tbous. Of dol._ 308,487 283,156 251,006 239,799 313,141 300,900 210,567 160,924 167,485 160,541 187,048 191,571 Building, total value* do. DOMESTIC TRADE Pages 26,27,30 Advertising: Newspaper advertising: Lineage, total (52 cities) thous. of lines,. 112,377 109,906 Classified...—.„..— d o . . . . 22,692 22,695 Display, total ~ d o — 89,685 87,211 5,676 6,075 Automotive .... do— 1,396 1,615 Financial — do— General _..*_ do..., 18,538 18,310 Retail do..., 63,456 61,830 Retail trade: Chain-store sales: Chain Store Age Index: Combined index (20 chaias) 103.3 110.0 av. same month_l929-31=100. 109.4 119.0 Apparel chains do... Mail-order and store sales: Montgomery Ward & Co.-thous. of dol_. 42,323 36,150 Sears, Roebuck & Co ----do..., 59,613 43,463 Rural sales of general merchandise: - • • 103.5 120.5 Total, U. S., unadjusted .1929-31=100., 110.1 128.2 Total, U. S., adjusted do..., 243,693 301,679 3S9,439 211,261 231,052 .0268 .0268 251,673 220,197 300,661 330,030 165,162 148,564 223,011 209,061 86,651 111,815 111, 160 18,318 22,147 22,824 8S.335 6,055 4,768 3,458 2,105 1,695 1,403 14,024 17,414 17,655 49,448 65,792 62,520 113,558 113,457 118,096 22,411 20,233 20,372 91,147 93,314 97; 723 3,581 6,608 4,032 1,574 1,449 1,732 18,411 18,749 14,028 66,073 66,509 78,540 87,418 19,556 67,861 2,446 2,301 12,771 50,343 109.5 121.2 112.9 127.0 108.8 112.7 109.8 130.0 110.0 117.6 46,667 53,345 42,295 51,215 57,085 68,622 107.5 118.0 24,769 33,551 24,964 34,901 35,730 49,768 41,595 51,236 140.9 115.5 147.2 119.7 183.6 129.3 91.3 110.0 100.1 110.6 115.0 123.7 120.2 125.2 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 20,808 65,293 2,623 1,201 12,175 49,295 21,376 82,493 2,366 1,209 15,888 63,031 106.3 109.7 108.1 120.0 106.0 116.0 109.4 122.0 108.0 120.0 35,745 43,820 29,075 36,316 32,849 39,934 38,556 49,167 106.2 112.4 84.8 110.2 98.2 114.2 121.1 122.4 FINANCE Pages 56,57,58,60,73,74,77 Banking: Savings deposits: Savings banks in New York Stater 5,478 5,431 £,417 5,405 5,363 6,362 5,329 5,336 5,307 5,471 Amount due depositors mil. of dol_, V. S. Postal Savings: 1,264 1,266 1,259 1,252 1,250 1,250 1,252 1,248 1,252 1,255 1,261 Balance to credit of depositors do— 73 78 82 86 03 101 116 Balance on deposit in banks do 73 87 115 Commercial failures1! 1,140 1,123 963 1,263 875 997 866 1,015 1,038 1,073 1,123 1,122 Grand totalnumber., Liabilities, grand total thous. of dol. 14,757 19,139 15,918 14,761 16,382 14,341 13,219 12,302 36,528 19,122 12,788 17,915 17,492 Life Insurance (Ass'n of Life Insurance Presidents): Insurance written*.© Policies and certificates, total number 716 784 842 892 675 720 712 81! 822 648 760 1,089 865 thousands. 20 30 33 24 12 23 IS 33 24 16 30 71 34 Group „ do... 680 464 499 648 511 518 496 399 593 582 357 755 608 Industrial do,.. 174 232 310 220 197 176 283 252 200 161 262 264 223 Ordinary do—528,452 550,960 519,932 592,432 671,262 974,920 729,93' 570,49 645,019 550,801 Value, total thous. of doL 604,428 618,807 597,773 43,278 43,076 45,076 18,659 33,443 24,924 32,288 43,754 91,294 51,899 40,365 45,205 35,981 Group do... 170,312 191,648 153,392 156,304 173,641 179,553 182,690 226,085 99,363 109,871 13S, 396 129,051 137,073 Industrial do... Ordinary. d o . . . 424,077 384,083 332,335 356,401 361,213 321,367 380,591 444,818 657,54: 578,675 420,255 461,418 385,769 r Rpvis£*d •New series. Monthly data beginning 1925 will be shown in a subsequent issue. tRovised series. Data revised beginning June 1034; see table 3, pp. 17-18 of the December 1938 Survey. ©40 companies having 82 percent of total life insurance outstanding In all United States legal reserve co MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to gether with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey FINANCE—Continued Security markets: Bonds: Prices: Average price of all listed bonds (N. Y. S. E.) dollars.. Standard Statistics Co., Inc. (60 bonds) dol. per $100 bond— Industrial (20 bonds) do Public utilities (20 bonds) do Rails (20 bonds) _. do... Value, issues listed on N. Y. S. E.: Par value, all issues. mil. of dol.Domestic issues... do_-_. Foreign issues: _ do Market value, all issues do Domestic issues do Foreign issues 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.... Rails (32 stocks) do.... Shares listed, N. Y. S. E.: Market value, all listed shares mil. of dol._ Number of shares listed. millions FOODSTUFFS Pages 106,108, 110, 111, 112,115 Stocks, cold storage, end of month: Butter, creamery ..thous. oflb. Cheese (total).— — do___ Eggs: Case thous. of casesFrozen thous. of lb_ Fish total (15th of month) do... Total meats mil. oflb. Beef and veal thous. oflb. Pork, total do... Fresh and cured do... Lard do... Lamb and mutton do... Miscellaneous meats ...mil. oflb. Poultry. _ .-thous. of lb. Livestock: Cattle and calves: Receipts, principal markets thous. of animals.. Disposition: Local slaughter ...do_... Shipments, total do___. Hoes: Receipts, principal markets .do Disposition: Local slaughter do Shipments, total... _ ...do Sheep and lambs: Receipts, principal markets do Disposition: Local slaughter. __ _ do Shipments, total do LEATHER AND PRODUCTS Leather: Page 124 Production: Calf and kip thous. of skins.. Cattle hides ...thous. of hides.. Goat and kid thous. of skins.. Sheep and lamb do Stocks of cattle hides and leather, end of month: Total thous. of equiv. hides.. In process and finished do Raw _ do 1939 May 1938 May- June July 1939 Decem- January FebruAugust SeptemOctober November ber ber ary April 92.92 87.78 88.98 90.19 89.40 89.08 90.67 90.34 91.27 91.03 91.85 91.80 91.56 80.2 84.8 101.0 54.8 76.5 80.4 94.0 55.1 75.3 80.0 94.0 52.0 80.8 85.0 97.3 60.2 81.3 85.7 98.1 60.0 78.7 84.2 96.3 55.7 81.8 82.1 86.9 99.3 60.2 81.1 86.0 98.7 58.6 81.9 86.2 99.7 59.7 82.1 86.4 100.7 59.0 83.1 87.1 101.3 60.9 79.4 83.8 P9.7 54.5 52,647 48,056 4,591 48,921 46,179 2,742 48,244 43,551 4,693 42,347 39,548 2,799 49,177 44,489 4.G87 43,757 40,919 2,838 49,409 44,657 4,752 44,561 41,674 2,887 49,424 44,676 4,748 44,183 41,339 2,844 50,331 45,649 4,682 44,837 42,041 2,796 50.225 45,546 4,679 45,539 42, 675 2,864 50,301 45,640 4,661 45,442 42,597 C844 51.554 46,920 4,634 47,053 44,268 2,785 51, 5S7 46,933 4,654 46,958 44,233 2,725 51,466 46,862 4,604 47,271 44,524 2,748 52,670 48,071 4,599 48,352 45,665 2.687 52,564 47,975 4,589 48,128 45,493 2,634 60.2 48.1 62.2 60.6 60.6 65.4 64.1 66.2 62.6 64.4 57.0 56.6 83.1 97.0 82.4 25.0 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 28.0 91.7 108.0 85.8 29.7 81.9 95.9 80.0 24.8 43,230 1,427 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 40,921 1,427 40,673 1,427 194, 285 159,254 132,326 127,440 128,872 120,174 111,354 106,411 92,780 91,485 78,909 ' 70,909 81,653 ' 75,345 302 1,439" 136 78,091 62,903 50,345 93,024 90,711 77,088 791 484 671 52, 637 58,187 53,126 373,641 537,525 658,489 299,142 430,104 526,411 74, 499 107,421 132,078 3,541 2,925 72 76 118,088 139,108 133, 531 165 44,476 62,253 784 46,404 667,419 542,138 125,281 2,773 68 116,229 1,105 60,465 40,423 758 40,970 652, 456 523, 204 129. 252 2,412 63 90,987 85,16S 79,180 5,886 117,985 35,161 760 34,431 659,086 519,851 139,235 1,807 65 66,798 «" 55, 266 120,351 172,622 201,252 210,703 91,160 114, 788 134,351 150, 248 140,755 6,255 5,100 130,872 138,510 45,981 55,039 642 671 33,601 33,730 574,097 543,774) 450,516 417,704 123,581 126,066 2,148 2,125 62 62 52,049 53,432 1,737 1,068 647 6,411 135,329 66,716 601 35,925 502, 658 378,981 123,677 1,972 61 52, 640 1,605 1,021 632 995 615 952 659 5,942 3,244 4,765 125,018 110,244 94,305 75,882 84, 537 85,665 459 548 413 34, 467 36,943 41,218 451, 397 367,177 319, 312 334,777 277,231 251,645 116,620 89,946 , 67,667 1,861 2,606 2,318 60 53 50 54,941 59,942 77, 692 '3,357 ' 88,867 *• 29,756 '758 36,866 656,746 527,213 129,533 lt956 63 '70,568 1,946 2,017 2,306 1,900 1,465 1,635 1,294 1,542 1,467 1,103 821 1,061 950 1,122 1,120 989 927 843 632 975 608 807 496 952 579 1,757 1,570 1,797 1,881 2,255 2,607 2,570 2,699 1,971 2,205 869 581 1,996 1,822 575 1,333 548 1,249 500 1,122 444 1,323 465 1,397 479 1,660 587 1,903 691 1,848 726 1,928 754 1,398 566 1,654 547 1,509 485 1,951 2,409 1,929 1,964 2,664 2,986 2,805 1,945 1,552 1,746 1,546 1,766 1,070 884 1,274 1,129 1,080 862 979 992 1,146 1,495 1,174 1,786 1,124 1,673 890 673 1,063 677 953 595 1,046 720 900 1,082 <•) () 865 1,409 2,371 2,010 1,032 1,457 2,675 2,184 1,222 1,407 2,394 2,308 1,349 1,764 2,755 3,226 1,066 1,717 2,336 2,716 1,100 1,755 2,525 2,822 1,138 1,786 2,634 2,872 1,277 1,882 3,245 1,319 1,936 3,185 2,899 1,326 1,943 3,170 3,236 1,329 «" 1,955 3,623 3,115 1,161 1,667 3,457 2,774 13,874 10,193 3,681 13,967 10,223 3,744 13,865 10,014 3,851 13,331 9,666 3,665 13,244 9,540 3,701 13,440 9,665 3,775 13,885 10,074 3,811 13,996 10,301 3,695 13,602 9,868 3,731 13,375 9,699 3,676 13,009 '9,229 3,780 12.813 9,020 3,793 66.7 70.2 89.6 120.9 117.4 118.1 112.2 146.5 150.8 167.1 185.4 155.6 426,149 193 443,043 176 15 448,453 196 25 561,406 201 18 534,037 389 11 542,778 465 11 481 14 565,307 591,991 562,293 649,237 361 264 290 330 11 12 8 10 546,702 178 13 11,633 1,581 10,052 11,138 1,412 9,726 10,908 1,263 9,646 10,878 1,053 9,826 14,121 1,107 13,013 16,820 1,507 15,313 17,292 1,714 15,578 17,023 1,697 15,331 16,409 1,627 14,782 15,628 1,559 14,069 14,905 1,416 13,489 14,261 1,292 12,968 40,900 40,198 702 44,989 44,181 808 65,322 64,582 740 44,506 42,069 2,437 16,047 10,021 6,026 22,222 24,341 18,487 , 21,239 3,735 3,103 13,678 9,009 4,670 15,539 5,374 10,164 11,820 6,660 5,160 13,60S 5,939 7,669 17,173 10,241 6,932 2,410 METALS AND MANUFACTURES Pago 140 Machinery and apparatus: Machine tools, orders, new 219.8 av. mo. shipments 1926=* 100.^ TEXTILE PRODUCTS P a g e s 154 158 Cotton: * Consumption bales.. 605,353 143 Exports (excluding linters)§.-thous. of bales.14 Imports (excluding linters)§ do Stocks, end of month: 13,545 Domestic, total _ do 1,175 Mills... do 12,370 Warehousesdo-. Wool: Receipts at Boston, total thous. oflb.. 31,461 25,641 Domestic _ do 5,820 Foreign do , _ . _ ^ r Revised. v Preliminary. S Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey. March Data for April are the latest available. U . S . GOVERNMENT PRINTING OFFICE: ( 9 3 9
@FedFRASER