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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 18, 1940 SUMMARY OF BUSINESS TRENDS fc/TARCH export statistics indicate that demand from abroad •L™- continues to be a major source of strength in the current business situation. United States merchandise exported last month totaled $344,400,000, an increase of $5,800,000 over the February figure. On a daily average basis, exports in March were a little lower than in February because of a decline in raw cotton exports of $17 million from the rather high total of the previous month. While March shipments for most commodities approximated those of February, exports of a few classes of products showed significant increases. Shipments of steelmill products rose to $37.3 million; these exports in March represented about 15 percent of current output as~against 7 percent for the share of production exported last August. In addition, exports of metal-working machinery increased $4.9 million in March while automotive exports (mostly trucks) gained $3.6 million and tractors $3.9 million during the month. Aircraft shipments, however, registered no change from the $20.5 million mark of the preceding month. The only significant decline in the trade by countries was in exports to the United Kingdom, largely the result of smaller shipments of raw cotton. Trade with the principal South American countries improved moderately; Canadian shipments increased by about 15 percent. Exports to the Northern European countries—Norway, Sweden, Denmark, and Finland, now severely restricted by recent war developments—amounted to $20 million, an increase of $1 million over February. Indications are that industrial activity, on a seasonally adjusted basis, continued to recede slightly during the first half of April. Freight traffic is tending downward and in the week ended April 6 total loadings, exclusive of coal, showed a gain of less than 3 percent in comparison with last year. Automobile production has not made the usual seasonal advance and while cotton textile buying picked up last week the trend of production in this industry has been downward for some time (see chart below). Steel ingot production has experienced only minor fluctuations during the past 4 weeks—the rate holding slightly above 60 percent of capacity—but last week's announcements of substantial reductions in the prices of a number of important finished steel products is suggestive of the weakness of demand. Buying picked up in a few commodities with the extension of hostilities in northern Europe but hardly enough to indicate any major change in the flow of business orders. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) (8IU.IOHS OF KILOWATT HOURS) 100 FREIGHT CAR LOADINGS (THOUSANDS OF CARS) 80 60 40 *ft°<M3v 20 0 . . t , , 1 , • 1 i i AUTOMOBILE PRODUCTION BITUMINOUS (THOUSANDS OF VEHICLES) i , t COAL PRODUCTION (DAILY AVERAGE - THOUSANDS COMMERCIAL LOANS OF TONS) (BILLIONS OF DOLLARS) 3.6 3.2 ^ i (AUG. 1939 = (OO) 1938 1939 1937 EXPORTS OF U.S. MERCHANDISE (MILLIONS 1 ... (INDEX, 1926 = 100)" 160 1937 , PRICES OF 3 5 0 INDUSTRIAL STOCKS PRICE INDEX OF 28 BASIC COMMODITIES 1940 1938 COTTON CONSUMPTION (DAILY AVERAGE - OF DOLLARS) THOUSANDS OF BALES) 100 1937 1938 1939 1940 1937 1938 1939 1940 WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25=100] ITEM Business activity:! New York1 fimesgc? Barron'sd .— Business Week ITEM Apr. Apr. Mar. M a r . Mar. Apr. Apr. Apr. Apr. 16 8 16 15 30 23 13 6 - Commodity prices, wholesale: Dept. of Labor, 1926=100: Combined index (813) Farm products (67) Food (122) All other (624) Fisher's index, 1926=100: Combined index (120) Copper, electrolytic X Cotton, middling, spot 93.0 93.8 94.1 100 5 103.0 102.5 104 3 105.8 105 8 77.6 67.0 69.7 82 7 77 9 68.1 69.8 82 8 77.9 67.5 69.9 82.9 84.5 83 7 84.1 84.1 80.4 79.7 79.7 81.2 40.8 40.8 40.4 40.4 62.3 Construction contracts t 6? 9 65.5 Distribution: Carloadings 110.3 Employment: Detroit, factory. _Finance: 84,5 67,3 70,5 Failures, commercial.. Bondyieldst . 61.4 61,5 61.9 113.0 112.7 111.0 Stock prices?- ~ 75 8 63.8 68.2 80.5 75 9 63.8 68.4 80 6 78.6 68.9 72.3 82.1 78.5 68.1 72.2 82.2 84 3 79.8 79 6 81.1 80.9 81.9 76.1 78.3 71.0 71.0 40.8 32.0 32.0 33.1 31.6 78.5 64.7 47.9 55 8 78.8 64 6 57.1 l>5 8 56.1 54.4 68.8 110.6 96.3 62.2 62.0 110.4 62.4 76,9 n 5 62.2 67,2 «6 0 78.3 79.5 111.0 92.4 92.6 84.1 79.9 TiTtmher Petroleum t Steel ingots© Receipts, primary markets: Cattle and calves Hogs Cotton _ Wheat • Data do not cover calendar weeks in all cases. §Comi>uted normal=100. 1 Seasonally adjusted. ©Index for week ended Apr. 20 is 104.4. 1938 Apr. Apr. Mar. Mar. Mar. Apr. Apr, Apr. Apr. 9 16 8 30 23 16 15 G 13 Finance—Continued. Banking: . Debits, outside N. Y. C . t - ~ Fcderal Reserve reporting member banks: Loans, total . Interest rate?: Call loanst Time Wnst Currency in circulation! Production: Automobiles Bituminous coal % ^ Cotton consumption! Electric powerf 95 0 86.0 86 0 76.9 77.9 103 8 79.2 78 ?< 72.6 73.0 107.5 93 5 03 3 78.3 79.0 78.2 68.0 70.4 83 0 1939 1940 1938 1939 1940 84.2 111.9 88.7 103.2 89.3 79.2 117.3 74.9 90.4 69.1 69.2 68.8 68.9 68.9 65.0 65.3 68.5 09.4 24 2 24.2 24 2 24 2 24.2 28.6 28.6 28.6 28.6 28.6 154.9 155.0 154.3 154.3 154.0 24.2 24.2 24 2 24.2 28.6 28.6 28.6 28.6 141.2 141.4 131.7 131.8 134.5 82.7 123.5 147.7 46 4 186 8 111.0 112.0 110 7 74 4 72.9 20.7 16 2 52 7 55.0 111.6 110.2 85.4 88.2 130.3 130.5 117.5 119 4 45.3 44 8 38 7 40 1 167.8 165 3 162 5 162.8 89.5 94 0 55 2 55.0 130 9 129.3 131 5 131 5 80.9 82 9 78 9 121.7 121.7 142.9 145.4 145.5 47.1 49 4 45 9 179.8 184 4 185 8 105 1 105.8 104 1 107 0 53.5 54.6 46.9 47.8 32 7 41.9 43.1 67.0 72.3 78.0 56 2 54.5 46 5 55.2 61 5 76.2 51.1 56.4 56.0 34.5 27.3 50.6 52.7 29 6 25.0 40.2 59.1 33.6 41.5 28.2 62 0 32 3 27 3 19.4 t Daily average. t Weekly average, 1928-30=100. ePFor description of these indexes, see p. 4 of the Dec. 1G, 1937 issue. WEEKLY BUSINESS STATISTICS 1940 Apr. 13 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkt dol. p e r l b . . Cotton, middling, spot, New York do. Food index (Bradstr eel'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 (140 cities) do.... Federal Reserve banks: Reservo bank credit, total _ do U. 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, total§ do U. S. Government direct obligations ..do Obligations fully guaranteed by U. S. Government _ mil. of dol Loans, totaU do Commercial, industrial, and agricultural loans§ mil. of dol.. Interest rates, call loansJ_ percent— Interest rates, time loanst.. _ do___. Exchange rates: French franct cents.. Pound sterling! dollars.. Failures, commercial— number.. Currency in circulationJ_._ mil. of doL. Security markets: Bond sales (N. Y. 8. E.) thous. of dol. par value.. Bond yields (Moody's) (120 bonds)t percentStock sales (N. Y. S. E.) -thous. of sharesStock prices (iV. Y. Times)X dol. per shar Stock prices (Standard Statistics) (420) 1926=100 Industrials (350)..._ _ do Public utilities (40) do Railroads (30) __ _ do. Apr. 6 1939 Mar. 30 Mar. 23 Mar. 16 Mar. 9 1938 Apr. 15 Apr. 8 Apr. 16 Apr. 9 Apr. 17 0.098 .086 2.41 38.62 1.84 0.153 .138 2.89 40.47 1.3G 0.111 .111 2.30 36.32 1.04 0.110 .111 2.28 36.83 1.03 0.110 .110 2.29 36.81 1.03 0.112 .110 2.29 36.84 1.03 0.113 .111 2.31 36.86 1.00 0.113 .113 2.32 36,83 1.00 0.105 .087 2.28 36.32 0.108 .087 127 36,40 0.098 .000 2.37 38,59 .86 3,122 3,903 4,423 5,189 2,850 4,117 3,598 4,787 3,681 4,142 3,552 4,675 2,714 3,672 3,641 4*530 2,491 3,478 3,975 4,194 3,715 4,450 2,500 2,467 12, 575 5,949 2,512 2,467 12,395 5,815 2,510 2,476 12,294 5,679 2,520 2,475 12,256 5,594 2,524 2,477 12,439 5,777 2,515 2,477 12,367 5,733 2,584 2,564 9,528 3,879 2,584 2,564 9,318 3,708 2,602 2,564 7,472 1,727 2,596 2,564 7,296 1,575 2,528 2,487 6,901 1,627 19,465 5,360 14,835 8,938 19,175 5,355 14,666 8,848 19,276 5,338 14,726 8,830 19,251 5,333 14,792 8,941 19,507 5,343 14,821 8,943 19,341 5,303 14,764 8,900 16,388 5,212 13,571 8,213 16,072 5,215 13,470 8,145 14,425 5,218 12,227 7,960 14,274 5,222 12,154 7,897 15,249 5,133 12,899 8,457 2,379 8,631 2,380 8,649 2,379 2,369 8,606 2,387 8,616 2,400 8,591 2,038 8,120 2,035 8,164 1,171 8,567 1,168 8,677 1,183 9,394 4,393 1.00 1.25 4,414 1.00 1.25 4,383 1.00 1.25 4,379 1.00 1.25 4,367 1.00 1.25 4,355 1.00 1.25 3,852 1.00 1.25 3,838 1.00 1.25 4,246 1.00 1.25 4,275 1.00 1.25 1.00 1.25 1.992 M.035 344 7,523 2.023 -4.035 274 7,528 2.027 * 4.035 287 7,495 2.114 3.732 253 7,492 2.134 3.766 254 7,480 2.212 3.903 280 7,487 2.647 4.680 313 6,856 2.648 4.681 295 6,865 3.139 4.986 3.082 4.964 4.464 4.924 6,395 6,400 6,399 42,310 3.54 6,895 109.78 93.3 109.8 88.2 29.3 49,310 3.55 7,270 109.46 93.5 110.0 88.6 29.6 35, 540 3.57 4,838 107.77 91.7 107.8 87.0 29.0 23,150 3.58 2,782 107.23 91.1 107.2 80.5 28.5 36,990 3.59 4,121 107.75 91.8 107.8 87.6 28.9 33,840 3.60 3,653 108.02 91.8 108.0 86.7 29.3 35,440 3.88 6,553 89.78 79.3 92.8 77.8 23. G 32,820 3.81 6,842 89.95 81.8 95.8 79.6 25.0 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 SO. 8 63.8 20.9 61,400 3.98 6,655 132.95 124.1 146.0 100.3 59.8 58,521 897 1,958 3,385 32.7 7,697 57,284 930 1,990 3,392 32.6 140,755 1,063 2,173 3,464 90.3 9,283 537,585 92,135 25,422 31,215 11,251 150,722 7,813 219,027 522,049 95,630 22,485 28,777 11,0<K) 150,6.16 6,177 207,234 746,523 130,100 38,269 29,113 13,056 173,349 35,934 328,702 w PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobile^ _ number.. 102,940 101,655 103,370 103,395 105,720 103,560 88,050 87,019 Bituminous coalj. thous. ot short tons 1,377 1,412 353 1,372 1,344 1,409 276 Electric power mil. ofkw.-hrs 2,381 2,422 2,171 2,464 2,424 2,460 2,174 Petroleum*.. thous. of b b l 3,745 3,841 3,829 3,871 3,495 3,890 3,444 Steel ingots® pet. of capacity.. 61.7 60.7 64.6 62.4 52.1 64.7 54.7 Construction-contract awards? ...thous. of dol 10,003 12,659 12,605 8,963 Distribution: Freight-car loadings, total. ._ .cars. 002,697 628,278 619,886 618,985 620,997 534,952 547,816 Coal and coke __ do 107,518 .135,800 126,575 134,910 132,203 •51,965 60,888 Forest products .... . do 31,570 33,346 31,931 30,877 31,564 26,871 28,024 Grains and grain products I do " " 30,108 31,441 34T 540 31,577 30,548 30,210 30,932 Livestock do. 10,069 10,797 9,595 10,639 10,972 10,531 12,483 Merchandise, I. c. 1__ do 149,726 147,156 147,685 147,527 149,291 157,748 154,129 Ore do 10,369 10,444 10,160 10,310 8,f>57 IK 359 10,368 Miscellaneous do 263,337 259,096 2£0,598 253,139 255,961 218,970 250,101 Receipts: Cattle and calves _ thousands.. 109 173 178 177 172 167 Hogs-.=__^___ i.._ . do 304 310 302 224 192 300 358 Cotton into sight..._ thous. of bales.I 109 85 112 160 71 65 198 179 Wheat, at primary markets thous. of bu._ 5,754 5,330 6,201 4,065 4,022 4,483 3,197 5,444 ©Rate for week ended Apr. 20 is 60.9. t Daily average. •Data do not cover calendar weeks in all cases. 1 Source: 5 No longer strictly comparable; for an explanation, see the corresponding data on p. 30 of the April 1939 issue of the STJ$VET, 1937 ; 209 280 ; 135 1,893 • Official rate. Ward's Automotive Reports. 196 210 71 1,544 187 218 108 2,245 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, to- 1940 gether with explanatory notes and references to the sources of the data, may be found in the March 1933 Supplement to the Surrey COMMODITY PRICES Pages 11,12 Cost of living (iV. L C. R ) : Combined index . . 1923=100 . Clothing -_~ do Food -. do Fuel and light ~ do Housing „ - „ do foundries do Fairchild's index: Combined index- - . Dec. 31,1930-100 Apparel: Infants' do Men's --do Women's do 1940 1939 March April May June July August September DecemOctober November ber January February 85.5 73.2 78.8 85.8 86.6 96.9 84.9 72.3 78.0 85.8 86.1 96.7 85.0 72.2 78.2 85.2 86.2 96.7 84.8 72.1 78.1 84.0 86.2 96.6 84.7 72.0 77.9 83.4 86.0 96.6 84.9 71.9 78.1 83.8 86.3 96.9 84.5 71.9 76.7 84.0 S6.3 96.9 85 9 72 2 80 7 84.4 86.5 97.0 85.8 72.6 80.1 85.2 86.6 96.8 85.7 72.9 79.6 85.6 86.7 96.8 85.3 72.9 78.6 85.6 86.6 96.8 85.4 73.0 78.8 85.8 86. 6 96.9 85.8 73.2 79.8 86.0 86.0 96.9 92.8 89.1 89.1 89.1 89.1 89.3 89.5 90.2 91.2 91.9 92.0 92.3 92.6 96.9 88.9 91.9 94.4 86.0 96.2 88.4 88.8 90.5 84.3 96.0 88.4 88.8 90.5 84.1 95.9 88.4 88.8 90.5 84.1 95.9 88.4 88.9 90.6 84.0 95.9 88.4 88.9 90.6 84.1 96.0 88.4 89.0 90.7 84.1 96.1 88.6 89.5 91.7 84.3 96.3 88.7 90.4 92.7 84.7 96.4 88.7 90.9 93.5 85.0 96.4 88.7 91.0 93.5 85.3 96.6 88.8 91.4 93.7 85.5 96.6 88.8 91.8 94.1 85.9 CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F . W. Dodge Corp. (37 States): Construction, total value thous. of dol. „ 272,178 300,661 Building, total value* „ do 195,443 223,011 330,030 209,061 308,487 210, 567 288,316 204,741 290,883 197,831 312,328 197.045 323,227 212,140 261,796 190,987 299,847 194,357 354,098 146,438 196.191 129,932 200,574 145,423 29,830 3,618 30,922 3,687 29,791 3,687 25,464 3,271 28,233 3,540 30,038 3,413 31,960 3,788 32,446 3,658 42,938 5,117 30,380 3,791 29 737 3,065 110.0 117.6 110.0 119.0 111.0 118.0 113.0 126.0 113.0 124.0 114.5 127.0 113.3 125.0 117.0 132.0 120.0 142.0 113.5 120.0 114.0 119.0 97.6 97.1 96.3 96.3 95.8 100.8 91.3 102.6 96.1 100.6 102.9 101.4 108.4 106.8 206.6 112.0 75.1 100.7 '82.4 '99.7 HoTn^ furnishings. Piece goods df» -- do DOMESTIC TRADE Pages 27, 28, 29, 30 Postal business: Receipts, postal: 60 selected cities. ._..thous. of dol__ 32,057 '33,483 3,993 "•3,978 60 industrial cities * - do Retail trade: Chain-store sales: Chain-Store Age index: Combined index (20 chains) 109.8 115.0 av. same month 1929-31=100.. 130.0 Apparel chains. - do 128.0 Variety-store sales: Combined sales of 7 chains: 85.0 Unadjusted .„ . 1929-31=100.. P96.7 98.8 Adjusted ..do . . - p 102.7 H. L. Green Co., Inc.: 2,442 2,905 Sales thous. of dol S. S. Kresge Co.: 12 206 10,606 Sales do 683 675 Stores operated .number.. S. H. Kress & Co.: 5,969 6,897 Sales -—thous. of dol.. 238 239 Stores operated .. number.. McCrory Stores Corp.: 3,196 3,888 Sales -.-thous. of dol.. G. C. Murphy Co.: 3,205 4,069 Sales . do 201 Stores operated number.. 202 F . W. Woolworth Co.: Sales thous. of dol 27,545 23,104 2,012 2,016 Stores operated number.. Other chains: \V. T. Grant & Co.: Sales ..thous. of dol _ 8,101 "•7,163 489 492 Stores operated number... J. C, Penney Co.: Sales --thous. of dol. . 21, 469 18,733 Department stores: 82 P87 Sales, total U. S., unadjusted, 1923-25=100.. 116 P134 Atlanta — do 68 P 7 1 Boston - ~---do 92 P93 Chicago . do_ _ 82 P86 Clevelandf do 99 pill Dallas . do 87 P90 - Kansas City..::7_-:. —.1925=100.. 97 P98 Minneapolis! 1929-31=100.. 80 »83 New York 1923-25=100.. 65 »69 Philadelphiat--do.... 105 t-112 Richmond do.-. 82 P91 St. Louis do „ 89 P95 San Franciscof do 88 Sales, total U. S., adjusted do P89 125 P 137 Atlanta do 9S P95 Chicago --do Cleveland f - -- — do Dallas do Minneapolis* .. 1929-31=100 New York 1923-25=100 Philadelphia! -do St. Louis .. -* do San Franciscof _„.. do Mail-order and store sales: Montgomery Ward & Co thous. of dol... Sears, Roebuck & Co do— 2,869 2,733 2,712 2,502 2,446 2,785 2,855 3,066 6,228 2,125 2,093 11,940 683 11,401 682 11,293 683 10,369 685 10,578 683 11,513 683 11,938 682 12,356 685 24, 406 686 9,042 675 9,643 675 6,315 239 6,818 239 6,406 239 6,225 240 6,490 240 6,596 240 7, 286 240 7,295 240 15,232 240 5,300 240 5,603 239 3,648 3,300 3,420 3,158 3,136 3,354 3,431 3,622 7,655 2,767 2,998 3,848 201 3,741 201 3,758 201 3,564 201 3,470 201 3,7S9 201 4,090 202 4,219 202 8,163 202 3,083 202 3,134 202 25,919 2,008 24,725 2,005 24,662 2,013 24,340 2,015 24,123 2,014 25,810 2,015 26,530 2,018 '26,948 2,019 52,333 2,020 20,512 2,017 22,117 2,015 ••8,377 489 r 8,497 491 '8,385 493 7,298 493 7,210 494 8,235 495 8,733 495 9,316 494 18,868 491 5,931 492 6,109 492 21,314 22,232 22,237 19,504 20,679 26,143 28,722 28,215 43, 216 18,292 16,032 P102 83 108 76 89 82 90 74 95 87 65 105 75 88 86 119 91 84 101 95 90 66 82 97 60 88 49 61 63 72 61 69 63 46 73 62 81 86 126 85 86 103 97 89 67 90 99 69 114 55 77 - 73 . 83 79 89 67 60 86 70 94 89 146 95 88 107 102 90 67 94 100 97 133 83 102 96 ._. 115 90 116 97 74 118 98 98 91 142 99 92 104 104 93 74 92 95 99 138 85 98 98 116 94 116 104 80 132 96 103 90 116 89 04 103 97 91 69 85 99 106 142 88 99 107 117 38 97 115 95 131 102 90 105 96 91 70 88 99 88 119 75 89 92 104 82 97 86 67 102 89 96 88 115 86 87 104 95 89 68 86 98 87 118 75 89 89 105 86 94 85 70 116 86 93 85 116 88 83 105 94 88 71 86 97 95 I2r, 90 100 104 94 97 78 87 100 168 230 140 164 171 - . 195 154 160 172 139 217 156 179 96 135 98 100 .113 105 95 '76 04 104 72 93 69 75 70 86 67 SI 74 52 84 69 80 92 118 '94 93 113 102 94 72 87 98 '71 '111 '53 '74 '73 . '91 '70 70 '69 '63 "•83 '73 '83 '89 '126 '92 ' 93 '107 97 '86 '70 '85 '99 38,842 50,899 35, 730 49,768 41,595 51,236 42,323 59,613 41,302 50,768 33,452 43,941 44,743 38,998 48,259 . 62,751 54,945 07,246 47,764 60,330 66,020 82,427 29,984 40,548 30, 530 40,836 30,613 13,118 17,496 33,664 15,138 18,526 32,711 13,6R3 19,029 31,676 13,041 18,636 40,010 17,633 2*2,38(1 34,717 14,73U 19,978 29, 482 12,1H8 17,344 5,539 5,557 5,552 5r547 5,599 5,616 5,632 1,153 13.243 1,237 15,279 1,042 13,472 P91 P113 *>95 P91 P71 P92 FINANCE Pages 53, 56, 57, 58, 73, 74, 76, 77 Bank debits, total (141 cities) mil. of dol. 34,738 34,486 30,143 31,928 33, 988 30, 477 12,794 15,312 14,165 13,311 15,201 16,274 New York City do 17,683 18, 676 17,763 19,537 18,211 16,832 Outside New York City do... Savings deposits: Savings banks in New York State: 5,514 5,519 5,471 5,463 5,478 5,676 Amount due depositors mil. of dol.. Commercial failures:f 1,153 1,322 1,119 1,331 1,334 1,197 Grand total number. Liabilities, grand total thous. of doL. 11,631 19,002 18,579 15,897 12,681 14,999 r Revised. » Preliminary. •New series. Monthly data beginning 1925 are shown in table 49, p. 17, of the November 1939 Survey. fRevised series. See footnote marked " t " on p. 24 of the March 1940 Survey. 89.5 101.1 1,126 12,637 1,043 10,545 1,234 17,464 ior» 1,184 13,201 MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, together with explanatory notes and references to the sources of the data, may be found in the 1938 Supplement to the Survey 1940 1939 March March •62. 71 92.86 96.55 91.80 94.99 5S.43 53,853 49, 313 4,540 50, 006 47, 611 2,396 52, 670 48, 071 4,599 48,352 45, 665 2,687 April 1940 December August January February May June July 91.5B 94.83 57.40 92.92 90.09 59.73 92.08 95.34 57.79 93.15 96.46 58.46 90.59 94.05 54.50 88. 50 92.41 47.29 90.79 94.59 50.55 91.24 95.05 51.23 92.33 96.02 52.23 92.02 95.70 52.00 91.97 95.68 51.58 52,564 47,975 4,589 48,128 45,493 2,634 52,647 48,056 4,591 48,921 46,179 2,742 52,751 48,166 4,585 48,571 45,921 2,649 52, 610 48,032 4,578 49,007 46,331 2,676 52,209 47,642 4,567 47,297 44,808 2,489 52,466 47, 917 4,549 46,431 44,279 2,151 52,452 47,922 4,531 47,621 45,331 2,290 52,435 47,869 4,566 47,839 45,500 2,339 54,067 49,512 4,554 49,920 47,541 2,379 53,988 49,440 4,548 49,679 47,314 2,365 53,937 49,400 4,537 49,605 47, 265 2,340 57.0 62.2 57.9 65.9 65.8 63.2 63.0 63.6 43,230 1,427 41,005 1,429 44,762 1,430 41,653 1,430 47,440 1,431 47,374 1,431 45,505 1,432 46,468 1,435 45,637 1,441 4G,058 1,441 72 78 73 62 114 73 75 63 191 73 78 87 62 116 FINANCE—Continued Security markets: Bonds: Prices: Average price of all listed bonds (N. Y. S. E.) _ ..dollars. 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 do... Domestic issues.i do.._ Foreign issues do... Stocks: Prices: Average price of all listed stocks (N. Y. S. E.)— . - D e c . 31, 1924=100. Shares listed, N. Y. S. E.: Market value, all listed shares.mil. of dol.. Number of shares listed millions. 64.3 57.0 56.6 46, 695 1,444 40,921 1,427 40,673 1,427 TRANSPORTATION AND COMMUNICATIONS Pages 84, 85 Class I steam railways: Freight-car loadings (Federal Reserve): Combined index, unadjustcd.l923-25=100_. Combined index, adjusted do _ _ _ Grains a n d grain products do... Merchandise, 1. c. 1 do.__ Ore do... FUELS AND BYPRODUCTS Pages 119, 120, 121, 122 Petroleum and products: Crude petroleum: Consumption (run to stills)..thous. of bbl. Production do... Eeflnery operations.. pet. of capacity. Stocks, end of month: California: Heavy crude and fuel thous. of bbl. Light crude do... East of California, total ...do.... Refineries do Tank farms and pipe lines do Refined petroleum products: Gas and fuel oils: Production: Residual fuel oil do Gas, oil, and distillate fuels, total.do,... Stocks, end of month: Residual fuel oil, east of California thous. of bbl.. Gas, oil, and distillate fuels, total thous. of bbl_. Motor fuel :1 Demand, domestic ...do Production, total do Benzol do Straight*run gasoline... do Cracked gasoline do...-. Natural gasoline do Natural gasoline, blended do Gasoline:! Stocks, end of month: Finished gasoline, total do At refineries do Natural gasoline do Kerosene: Consumption, domestic do Production do Stocks, refinery, end of month do Lubricants: Consumption, domestic do Production do Stocks, refinery, end of month do 07 69 75 GO 105 80 87 62 108 99,303 105,510 SO 86,294 39,383 229,079 41,154 187,925 86,075 85,580 85,049 85,655 39,699 39,878 38,902 38,427 230,926 230,279 226,462 223,558 40,180 40,445 41,463 41,817 190,746 189,834 184,999 181,741 105,505 108,168 85 25,299 13,246 19, 534 21,397 22,480 25,025 26,111 26,249 21,058 22,088 25,659 27,581 29,282 30,018 43,977 48,837 162 20,922 23,521 4,232 2,983 49,547 51,384 130 22,767 24,207 4,280 2,646 49,812 50,861 174 21,782 24,810 4,095 2,682 50,508 51,896 191 22,502 25,028 4,175 2,909 53,828 52,161 210 22,371 26,180 3,400 3,092 49,347 51,890 225 21,833 25,700 4,132 3,237 81,189 55, 464 4,721 81,623 55,172 5,484 78,342 52,076 6,212 74, 395 47,972 6,749 71,824 44,196 7,123 66,448 41,046 6,624 5,201 5,900 5,605 5,042 5,813 5,663 4,368 5,900 6,551 3,570 5,439 7,949 3,710 5,390 8,855 1,987 2,004 7,800 1,770 2,672 7,886 2,132 2,866 7,630 1,902 2, BOO 7,427 1,982 2,755 7,179 19,288 C) 20,115 42,520 48,367 192 20,663 23,280 4,232 3,243 8 C) C) (•> C) 549,940 543,187 606,090 143 178 330 14 13 10 110,980 104,916 105,835 114,198 111,887 114,810 83 81 106,530 101,766 113,140 108,668 81 81 84,039 82,927 82,718 81,112 80,223 79,380 . 79,047 38,072 37,372 35,533 35,129 35,478 35,567 36,110 192,985 189,341 187,579 191,164 195,836 196,407 200,704 37,441 35,781 36,922 39,427 40,033 39,162 40,212 155, 544 153,560 150,657 151,737 155,803 157,245 160,492 25,644 12,688 24,750 13,301 26,088 13,757 26,944 14,433 26,109 24,018 30,951 30,179 49,687 54,974 259 23,611 26,623 4,481 4,358 65,498 41,423 5,891 4,436 5,783 9,361 1,963 3,056 7,069 27,594 15,017 28,082 16,548 24,680 16,262 20,881 18,764 19,130 26,374 21,057 19,615 47,275 52,691 267 22,415 25,621 4,388 4,286 43,694 52,351 275 22,017 25,589 4,470 4,018 40,370 50,243 272 21,709 23,991 4,271 3,285 37,557 47,596 231 20,409 22,777 4,179 3,067 68,116 43,516 5,140 71,619 46,898 4,579 77,301 51,920 4,421 84,863 60,420 4,476 92,721 68,227 4,757 4,638 5,806 9,952 5,019 6,141 9,967 6,023 5,642 9,019 6,613 5,822 7,576 '7,642 5,375 4,918 6,263 5,945 4,302 2,207 2,854 6,704 2,656 3,575 6,039 1,927 3,277 6,799 1,825 3,478 7,142 2,054 3,308 7,328 1,522 3,108 7,825 718,721 652,695 807 584 10 11 730,143 1,027 26,302 12,975 578,436 521,353 628,448 624,902 686,936 886 649 107 114 219 14 16 10 12 13 <• Revised. • Data for February arc the latest available. tRevised series. See footnote marked " t " on p. 33 of the March 1940 Survey. ISee footnote marked " 1 " on p. 46 of the March 1940 Survey. §Revised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the April 1939 Survey.. 107,632 80,865 84 24,836 13,530 25,040 13,539 TEXTILE PRODUCTS Page 154 Cotton: Consumption bales.. 020,331 434 Exports (excluding lintcrs)§..thous. of bales.. 10 Imports (excluding Hnters)§ do 106,899 110,937 84 27,022 12,353 C) C) P> 105,755 104,687 110, 541 104,607 85 98,917 106,768 77 107 747 37
@FedFRASER