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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , AUGUST 21, 1941
SUMMARY OF BUSINESS TRENDS
JJUSINESS activity continues at a high rate with most weekly
series now slightly above the July averages. Petroleum and
anthracite coal production moved to new highs for the current
year in the most recent week, while lumber production was but
slightly below the peak reached in the week ending July 26.
Bituminous coal output remains close to the heavy volumes
mined in recent months. Steel ingot production is scheduled at
98.2 percent of capacity for the current week as shortages of pig
iron and scrap prevent a return to the higher operating rates
which prevailed earlier in the year. Further shortages of pig
iron and scrap, as indicated by trade reports, may lead to lower
operating rates.
Recent further price advances reflect the heavy pressure being
exerted upon the commodity markets by rising incomes and the
spread of active or anticipated shortages.- The Bureau of Labor
Statistics' weekly index of wholesale prices (1926—100) increased
to 89.6 in the week ending August 9. All categories except metals
moved upward, the largest rises being in the prices of foods and
building materials. That the advance in wholesale prices has
been spreading to retail lines was again evident in the July rise
of the Bureau of Labor Statistics' cost-of-living index (1935^39=
100) to 105.2 from 104.6 in the previous month. With most of
the increases occurring since March, the prices of food and house
furnishings are now 107 percent of the 1935-39 average, while
rent and clothing costs are, respectively, 106 and 104 percent of
their averages in that period.
"Reports on foreign trade show some decline in June from the
high volumes of the preceding 2 months. June exports of United
States merchandise fell to $332 million from $376 million in May,
while imports for consumption declined from $281 million to
$261 million during the month. About one-half of the 12-percent drop in exports was caused by a changed system of reporting
which will shift an estimated 5 percent of June exports into the
trade statistics for July. The reported aggregate of imports
during June was not appreciably affected by the change in statistical procedure. Recent export trends show a rising volume
of agricultural shipments, particularly manufactured foodstuffs,
under the lease-lend plan. During June, however, these increases were not large enough, to offset numerous small declines
in a wide range of nonagricultural commodity exports.
The total value of United States foreign trade during the fiscal
year ended June 30 was the largest in 11 years. Exports of
United States merchandise amounted to almost $4 billion, while
imports for consumption totaled $2.8 billion in the year. Heavy
shipments of war materials raised exports to their near-record
total, while purchases of strategic and critical materials plus increased receipts in recent months of coffee, sugar, and cocoa
were mainly responsible for the high volume of imports.
SELECTED BUSINESS INDICATORS
100
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
FREIGHT-CARLOADINGS
(PERCENT OF CAPACITY)
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CAR LOADINGS
(THQUSANOS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
(1926- 100)
95
/
85
80
75
1, , 1 , ,
70
—-J~
1
100
80
60
., i , , 1 , , i , .
COTTON CONSUMPTION
u nr
XT
1
" ""
i, , i , , , , i , . 1 , , t , .
, .t..1 ..t. .,,l. ,1,, 1..
EXPORTS OF U. S. MERCHANDISE
CMILLIONS OF DOLLARS)
(DAILY AVERAGE- THOUSANDS OF BALES)
MONTHLY
DATA
35
rv
v*x /
30
25
20
15
(INDEX. 1926-100)
WEDNESDAY CLOSE
120
90
45
40
"PRICES OF 3 5 0 INDUSTRIAL STOCKS
140
.. i , . i , .
i . .
1.938
406890—41
,,
i , , t . .
1939
i . ,
i,, i,,
1940
., i , , i , , i , ,
1941
1938
1939
1940
1941
WEEKLY BUSINESS INDICATORS #
[Weekly average, 1923-25=100, except as indicated]
Aug.
16
Business activity:^
New York Times§
Barrons'
Business Week
Commodity prices, wholesale:
Dept. of Labor:
Combined index, 1926=100.
Farm products
Food....
Another..
28 basic commodities©
Fisher's index, 1926=100:
Combined index. _.
_.
Copper, electrolytic?.
Cotton, middling, spot
Construction contracts!Distribution:
Carloadings
Department store sales A
Employment, Detroit, factory. -.
Finance:
Bond yields?
-
1939
1940
1941
Aug. Aug. J u l y J u l y Aug.
17
9
2
26
19
131.0 132.1 133.3 131.5 108.4 107.3
139.2 140.2 141 .0 139.3 110.i. 3 109.0 94.0 94.2
168.1 160.4 160.8 160.4129.3 126. 105.3 105.8
88.8
89.6
87.8 87.2 86.7 85.4
86.2 85.5 84.6 83.8
00.6 90.2 90.0 89.7
77.2
65.3
70.1
82.1
150.6 151.8 151.3 149.9 14V. 9 105.6
74.6
65.2
69.3 6
82.2 80.4
106.2
74.8
61.4
66.7
80.5
96.7 96.2 96.5 95.9 95.4 81.1 81.0 77.8
85.5 85.5 85.5 85.5 85.5 76.1 VS. 3 74.6 74.0
61.4 62.5 62.1 65.1
36.4 37.1 34.2 34.6
86.2 67.6
155.9 97.4
92.2 92.7 94.: 94.4 78.0 76.3
81
116 102
87
96.0
70.3
76
86.8
57.0 56.8 57.0 57.0 57.2
61.'
1939
1940
1941
Aug. Aug. Aug. July July Aug. Aug.
16 9
2
26 19 17 10
Aug.
10
69.4
73
65.0
61.4 63.3 62.9
Finance—C ontinue d.
Stock prices?
Banking:
Debits, outside N. Y. C4_. „
Federal Reserve reporting
member banks:
Loans, total
Interest rates:
Call loans?..
Time loans?
Currency in circulation?
Production:
Automobiles
Bituminous coal?
Cotton consumption?
Electric power j
Lumber
Petroleum?
Steel ingots®-.Receipts, primary markets:
Cotton
Wheat
95.6
16.4
96.0
95.
93.3 94.9 102.6 103,
111.7118.9 116.2 122.9125.9 84.7 95.1
85.3 84.8
84.6
84.0 84.2 68.1 67.9 65.5
65.3
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
202.0 201.7 200.1 198.5 198.6 163.8 163.4 146.2 145.8
57.9 53.2 79.0 134.4 139.8
103.2 102.8 105.3 104.0
204.4 201. 2
150.0 151.5 149.5 148. 5
65.2
72.2 65.0
194.0 183. 2 191.9 182.3
172.9 175.2 172.2 171.0
50.0 53.1 35.0
134.0 144. 5 207. 5 260.
26.0
87.3
134.1
128.9
57.3
14.8 19.2 33.2
73.7
134. 127.2 127.2
128. 8 115.2 113.3
57.5 53.2 51.8
174.5 172.3 123.0
153.5 155.2 106.7
66.2 40.4
319.3 114.7
36.5
87.4
176.0
103.2
50.4 54.2
96. S 104.9
• Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
?DaiIy average.
cf Weekly average, 1935-39=100.
^Computed normal-100. Index revised beginning Jan. 8,1938; revised data not given in the issue of Jan. 23,1941, and subsequent issues will be shown later.
®Index for week ended Aug. 23 is 172.8. Data for 1941 are based on production of steel ingots and steel castings.
GThursday prices: August 1939=100.
A Weekly average 1935-39=100. The index is compiled by the Board of Governors of the Federal Reserve System; it is not adjusted for seasonal variations.
WEEKLY BUSINESS STATISTICS*
1940
1941
Aug. 16
COMMODITY PRICES, WHOLESALE
0.118
Copper, electrolytic, New York?
dol. per lb_.
.267
Cotton, middling, spot, New York
do.
3.21
Food index (Dun & Bradstreet)
_.do..__
38.15
Iron and steel, composite
dol. per ton_1.07
Wheat, No. 2, Hard Winter (Kansas City).dol. per b u Banking:
FINANCE
3,243
Debits, New York City
mil. of dol~
5,179
Debits, outside New York City (140 cities)
do
Federal Reserve banks:
2.247
Federal Reserve bank credit, total
do
2,184
U. S. Government securities..
do
12,948
Member bank reserve balances
do
5,027
Excess reserves, estimated
do
Federal Reserve reporting member banks:
24,245
Deposits, demand, adjusted
do
5,434
Deposits, time.__
_
do....
18,211
Investments, total §
do
11,247
U. S. Government direct obligations
do
Obligations fully guaranteed by U. S. Govern3,312
ment
mil. of doL.
10,663
Loans, total §__
_
___..___..„._,do—
Commercial, industrial, and agricultural loans §
6,146
mil. of doL.
1.00
Interest rates, call loans t_
percent..
1.25
Interest rates, time loans ?
do....
Exchange rates: Pound sterling ?
dollars.. M.032
230
Failures, commercial
.number..
9,807
Currency in circulation J
mil. of dol.
Security markets:
29,670
Bond sales (N. Y. S. E,)
thous. of dol. par value..
Bond yields (Moody's) (120 bonds)?
percent..
3.29
Stock sales (N. Y. S. E.).
thous. of shares..
2,216
Stock prices (2V. Y. Times) t
dol. per share
90.93
Stock prices ('Standard and FOOT'S) (420)—.1926=100..
78.0
Industrials (350)...
do .
92.3
Public utilities (40)..
do..-.
68.9
Railroads (30)
.
do
27.8
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles}
number.,
45,550
Bituminous coal?
thous. of short tons.,
Electric powerA-_
mil. of kw-hr.
Petroleum?
—.thous. of bbl.
Steel ingots®—
pet. of capacity.
97.5
Construction contract awards?
_
thous. of doL.
Distribution:
Freight-carloadings, 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 calvesf...
thousands.
Hogsf...
.do..-.
Cotton into sight.
.thous. of bales.
130
Wheat, at primary markets..
thous. of bu..
10,663
Aug. 9
Aug. 2
July 26
July 19
Aug. 17
1939
Aug. 10
Aug. 19
1938
Aug. 12
Aug. 20
0.118
.170
3.19
38.15
1.06
0.118
.169
3.16
38.15
1.01
0.118
.177
3.16
38.15
0.118
.165
3.09
38.15
.97
0.105
.099
2.24
37.73
.68
0.108
.101
2.23
37.66
.70
0.103
.093
2.13
35.97
.64
0.103
.094
2.15
35.93
.63
0.099
.084
2.41
36.49
.65
0.099
.083
2.44
36.51
.64
3,804
5,816
3,380
5,385
3,600
5,697
3,863
5,835
2,349
3,190
4,410
3,371
4,128
2,538
3,684
3,818
2,428
3,347
2,231
2,184
12,951
5,018
2,245
2,184
13,097
5,155
2,248
2,184
13,117
5,181
2,294
2,184
13,223
5,336
2,495
2,446
13,340
6,392
2,471
2,446
13,286
6,325
2,453
2,423
10,633
4,590
2,462
2,443
10,509
4,533
2,587
2,564
8,085
2,927
2,582
2,564
8,046
2,920
24,217
5,431
18,164
11,248
24,544
5,420
18,199
11,279
24,381
5,414
18,142
11,291
24,260
5,416
18,054
11,285
20,789
5,336
15,615
9,427
20,712
5,335
15,609
9,436
17,641
5,245
14,151
8,544
17,551
5,251
14,118
8,530
15,020
5,215
12,409
7,674
15,009
5,193
12,412
7,669
3,305
10,597
3,309
10,672
10,504
3,221
10, 523
2,579
8,506
2,569
8,492
2,267
8,186
2,259
8,156
1,628
8,223
1,650
8,199
6,087
1.00
1.25
• 4.033
220
9,796
6,047
1.00
1.25
- 4.033
190
9,719
6,011
1.00
1.25
« 4.035
253
5,988
1.00
1.25
« 4.032
193
9,646
4,461
1.00
1.25
*4.002
279
7,956
4,446
1.00
1.25
- 3.920
252
7,937
3,912
1.00
1.25
4.681
253
7,101
3,917
1.00
1.25
4,681
252
7,079
3,900
1.00
1.25
4.878
1.00
1.25
4.878
6,493
6,479
35,320
3.28
3.228
79.7
94. G
69.9
28.3
40,300
3.29
4,544
93.64
S0.1
94.9
70.1
28.5
42,880
3.29
4,677
93.21
80.1
95.0
70.5
28.4
41,530
3.30
3,014
92.57
79.0
93.4
70.3
27.8
17,490
3.56
1,844
90.64
75.8
87.0
79.2
24.2
17,660
3.54
1,509
92.15
77.6
89.2
80.8
24.8
21,310
3.65
3,414
99.68
86.3
100.3
87.4
25.4
22,060
3.63
3,093
100.30
87.4
101.8
88.0
25.9
23,370
4.11
3,322
98.08
87.9
106.0
73.9
26.9
28,610
4.09
5,524
98.96
90.3
108.9
75.4
28.6
41,795
1,758
3,196
3,912
98.3
62,146
1,750
3,226
3,695
99.6
105,635
1,793
3,184
3,870
97.9
109,912
1,771
3,163
3,676
97.2
25,032
20,475
1,486
2,746
3,519
89.5
11,635
1,424
2,743
3,475
90.5
15,105
1,253
2,454
2,481
62.1
13,840
26,125
1,255
2,414
3,550
60.1
10,859
23,940
1,066
2,207
13,790
1,020
2,198
3,360
39.4
8,104
15,642
40.4
11,536
878,549
179,485
49,118
45,887
10,021
156,684
76,697
360,657
883,065
179,276
50,644
46,142
9,759
155,724
77,228
364,292
897,399
182,146
47,441
55,277
10,034
155,996
78,533
367,972
899,370
181,251
44,774
61,396
9,414
154,680
81,289
366,566
743,121
145, S81
36,355
43,348
12,833
149,891
69,206
285,607
727,073
136,140
36,174
41,3S6
10,732
149,667
70,209
282,765
121,337
31,371
43,965
12,566
153,373
48,004
259,177
661,023
120,795
31,222
40,103
11,234
153,117
49,077
255,475
597,884
100,052
30,031
45,775
12,059
149,306
24,962
235,699
148,537
24,798
230,931
193
233
138
11,497
196
223
91
16,510
213
230
215
20,696
194
228
172
25,397
211
251
105
9,127
180
251
95
6,956
131
7,702
141
8,343
125
12,865
82
12,551
?Daily average.
*Data do not cover calendar weeks in all cases.
ISource: Ward's Automotive Reports.
~.
« ~*
Free rate.
JData for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement.
g R a t e per week ended Aug. 23 is 98.2; data for 1941 are based on capacity Dec. 31,1940, of open-hearth, Bessemer, and electric ingots and steel for castings.
t Receipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted.
AData revised beginning in the June 19, 1941, issue to include certain additional governmental and industrial power generation not previously reported.
A u g . 13
95,745
29,722
47,890
11,945
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
COMMODITY PRICES
Cost of living:
U. S. Department of Labor:
Combined index*
....1935-39=100..
Clothing*...
..do....
Food
.
..do....
Fuel, electricity, and ice*
„„..do—
Housefurnishings*
do—
Rent*
do....
Miscellaneous*.
do—
Retail prices:
Fairchild's index:
Combined index..-.
Dec. 31,1940=100..
Apparel:
Infants'
do—
Men's
.-do—
Women's
do—
Home furnishings
...
do—
Piece floods .
do—
Wholesale prices (Dept. of Labor indexes):
Combined index (887 quotations)....1926=100..
Economic classes:
Finished products
do.._.
Raw materials
do.._.
Semimanufactures
do.....
Farm products
....
—do...
Grains
do—_
Livestock and poultry
do
Commodities other than farm products*
1941
1940
July
July
105.2
104.2
106.7
102.3
107.2
106.1
103.7
June
102.9
102.7
102.1
101.0
102.9
105.8
102.5
104.6
103.3
105.9
101.4
105.3
105.8
103.3
99.6
92.9
96.3
97.7
98.7
91, 5
96.9
102.4
93.3
96.9
89.1
92.1
91.6
86.0
97.7
89.7
94.3
98.9
89. 6
98.1
90.1
9S.3
100.4
91.3
88.8
77.7
84.9
87.1
90.1
86.1
87.9
85.8
76.3
80.9
70.7
77.8
66.5
60.8
87.1
79.7
86.4
7fi. 4
74.5
88.0
83.6
87.6
82.1
75.9
93.0
89.3
80.0
70.3
73.7
69.0
72.9
86.6
79.5
81.6
64.0
87.2
88.0
83.1
84.3
73.0
90.8
82.3
92.5
90.1
90.6
94.8
77.0
84.9
95.9
67.3
71.1
73.3
88.2
49.5
99.0
84.6
91.4
107.0
88.5
94.8
81.8
95.1
94.6
80.8
80.5
72.4
85.3
68.8
61.5
29.5
43.3
83.9
77.7
58.8
93.5
87.4
100.4
91.9
9L5
116.8
83.6
86.8
98.7
71.1
75.6
67.7
80.1
55.3
106.4
110.3
96.9
110.1
91.4
98.0
84.3
98.1
96.1
84.4
83.0
83.0
90.9
91.0
61.3
29.5
49.1
94.1
79.6
58.8
96.7
88.6
101.0
92.5
91.9
117.6
83.8
87.2
99.9
69.9
77.9
12.101
12.404
12.483
9.462
4.251
4.276
.053
.104
9.779
4.547
4.618
.075
.129
9.807
4.570
4.663
.082
.144
11.00
.047
.058
20.85
21.84
.227
.325
.366
.430
.365
.433
.060
.105
.115
.27
.17
.21
.22
5.00
5.00
5.40
3.10
2.18
1.58
3.43
2.27
1.87
3.45
2.29
1.87
.72
.78
.74
.82
.71
84.7
Foods
do....
87.7
Dairy products
do...,
69.4
Fruits and vegetables
..do...
93.8
Meats..
.do...
Commodities other than farm products and
89.7
foods.
_._
1926=100.
103.1
Building materials
___
do...
94.2
Brick and tile
do...
92.1
Cement.
do...
122.3
Lumber
. do...
85.2
Chemicals and allied products
do...
87.3
Chemicals
...do...
100.0
Drugs and Pharmaceuticals
...do...
74.0
Fertilizer materials.
.do...
78.5
Fuel and lighting materials
..do...
Electricity
do...
Gas
do....
60.9
Petroleum products
do...
109.4
Hides and leather products..
do...
112.5
Hides and skins
do...
98.1
Leather
:
.do...
114.7
Shoes
.do...
94.4
House-furnishing goods
do...
99.7
Furnishings
do...
88.9
Furniture
do
Metals and metal products
do...
98.5
96.8
Iron and steeL
do
Metals, nonferrous
do
84.7
Plumbing and heating equipment, .do...
83.2
86.2
Textile products.
do...
93.9
Clothing
do...
96.1
Cotton goods.....
do
Hosiery and underwear
do
62.9
Rayon*
.do...
29.5
51.4
Silk*.
do...
Woolen and worsted goods
do
96.5
82.0
Miscellaneous
do...
58.8
Automobile tires and tubes
do
98.8
Paper and pulp._
__
.-.do
Wholesale prices of individual commodities:
Brick, common, composite (f. o. b. plant)
dol. perthous.. 12.604
Coal:
Anthracite, chest, comp---dol. per short ton.. 9.939
Bituminous, mine run, comp
do,... 4.618
Bituminous, prepared sizes, comp.-T. _.do.... 4.724
Coffee, Rio. No. 7 (N. Y.)
dol. per lb..
.087
Cotton, middling (N. Y.)
do...,
.164
Cotton cloth:
Mill margins
..cents perlb.. 19.06
Print cloth, 64 x 60
dol. per yd..
.078
Sheeting, unbleached, 4 x 4
do
Cotton yarn:
22/t cones (factory)
...dol. perlb..
.373
40/s, southern, Boston...
do
Cottonseed oil, refined, summer, yellow, prime
(N. Y.)
dol. perlb..
.118
Dairy products:
Butter, 92-score (N. Y.)
_..do....
.35
Cheese, No. 1 Amer. (N. Y.)
do....
.24
Milk:
Condensed fsweetened) (N. Y.)
dol. per case..
5.48
Evaporated (unsweetened) (N. Y.)
dol. per case..
3.60
Fluid, dealers', stand. gr._,.dol. per 1001b..
2.32
Flaxseed, No. 1 (Mpls.)-dol. per bu..
1.58
Grain and grain products:
Corn:
No. 3 yellow (Chicago)
do...,
.74
No. 3 white (Chicago)
do....
.85
Weighted av. 5 mkts., all grades
do.._,
.71
Wheat:
No. l. Dark Nr. Spring (Mpls.)
do....
1.00
No. 2, Red Winter (St. Louis)
..do....
1.03
No. 2. Hard Winter (K. C.)_
do....
Weighted av., 6 mkts. nil grades.
do....
* No quotation.
1941
May
0)
.65
.79
.76
.71
.72
.97
.90
,94
81.0
59.9
107.8
112.4
97.9
111.7
93.1
99.0
87.0
98.3
96.5
84.5
83.1
84.5
91.6
94.6
61.9
29.5
51.2
94.6
80.6
58.8
98.0
1.01
1.02
.97
.98
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
COMMODITY PBICES-Continued
Wholesale prices of individual commodities—Con.
Grain and grain products—Continued.
Wheat flour:
Standard patents (Mpls.)
dol. per bbl..
Winter straights (K. C.)
..do.
Hides:
Packers', heavy, native steers
dol. perlb..
Calfskins, packers, 8 to 15 lb.
.do....
Iron and steel:
Pig iron:
Basic (valley furnace)
dol. per long ton.
Composite
do
Foundry No. 2, northern (Pitts.)
do
Steel:
Composite finished steel
dol. per Ib._
Steel billets, rerolling (Pittsburgh)
dol. per long ton..
Structural steel (Pittsburgh)...dol. per lb..
Steel scrap (Chicago)
dol. per long ton..
Lard, in tierces:
Prime, contract (N. Y.).__
dol. perlb..
Refined (Chicago)
.do....
Leather:
Sole oak, scoured backs (Boston)
do...
Chrome, calf, B grade, black composite
dol. per sq. ft.
Linseed oil, N. Y
....dol. per lb.
Livestock:
Beef steers, Chicago.:.—.;:;.dol. per 100 lb.
Steers, corn fed__
do
Calves, vealers
do.
Hogs, heavy (Chicago)
do
Sheep, ewes (Chicago)
do
Sheep, lambs
do....
Lumber:
Douglas fir:
Dimension, No. 1, common*
dol. per M bd. ft..
Flooring, " B " and better, F. G. 1 x 4, R. L.*
dol. perMbd. ft..
Southern pine flooring. _
do
Ponderosa pine. 1 x 8, No. 2, common (f. o. b.
mills)
dol. per M bd. ft..
Meats:
Beef, fresh, native steers (Chi.)...dol. perlb..
Hams, smoked (Chicago)
do....
Nitrate of soda, 95 pet. (N. Y.)...dol. per cwt.
Nonferrous metals and products:
Aluminum scrap, castings (N. Y.)_dol. perlb.
Copper, electrolytic (N. Y.)
do...
Lead, refined, pis, desilverized (N. Y.). do—.
Tin, Straits (N. Y.)
do-..
Zinc, prime western CSt. Louis)
do...
Brass sheets, mill
do...
Oleomargarine, standard, uncolored (Chicago)
dol. perlb.
Petroleum and products:
Crude petroleum (Kansas-Okla.) at wells
dol. per bbl.
Fuel oil (Pennsylvania)*
dol. per galGasoline, tank wag:on (N. Y.)_
do...
Gasoline, refining (Okla.)
do...
Kerosene, water white, 47°, refinery (Pennsylvania)
dol. per?alLubricants, cylinder, refinery (Pcnn.)--do—
Potatoes, white (N. Y.)
dol. per 100 lb.
Rayon, viscose, 150 denier, first quality minimum
filament*.
dol. perlb
Rosin, gum, " H " (Savannah), bulk
dol. per 100 lb
Rubber, crude, smoked sheets (N. Y.)
dol. perlb.
Silk, raw, Japanese, 13-15 (N. Y.)
do—
.Sugar, rawL 96°? centrifugal (N.Y.)
do...
Sugar, refined, granulated (N. Y.)
do
Turpentine, gum, spirits of (Savannah)
dol. pergaL
Vegetable shortenings, tierces (Chicago)
dol. perlb
Wood pulp, sulphite, unbl
dol. per 100 l b ,
Raw, territory, fine scoured
dol. per lb
Raw, Ohio and Penn.
fleeces
do...
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd.
Women's dress goods, French serge, 54" (at
mill)...
- ^
dol. per yd...
Worsted yarn, 2/32's, crossbred stock (Boston)
dol. per lb.
FINANCE
Banking:
Bank debits, total (141 cities)
mil. of dol.
New York City
do...
Outside New York City
do...
Life insurance:
Insurance written:
Policies and certificates, total number
thousands.
Group
do.
. Industrial
....do.
Ordinary
_^..
do.
Value, total
.thous. of dol.
Group
.do.
Industrial
do.
Ordinary...
do.
1941
1940
July
July
1941
May
June
5.42
5.06
4.48
3.84
5.32
4.32
5.42
4.77
.150
.218
.114
.188
.147
.245
.153
.234
23.50
24.15
25.89
22.50
23.15
24.89
23.50
24.15
25.89
23.50
24.15
25.89
.0265
.0265
.0265
.0265
34.00
. 0210
18.75
34.00
.0210
17.35
34.00
.0210
18.75
34.00
.0210
18.75
.104
.114
.060
.065
.095
.106
.101
.112
.415
.325
.375
.370
.508
.113
.453
.092
.503
.108
.518
.108
11.24
12.01
11.94
10.94
4.41
10.75
10.44
11.02
9.85
5.99
3.45
9.14
-1Q.-23
11.97
11.34
8.97
4.81
10.44
1(L62
11.88
11.13
9.88
4.10
11.13
25.970
21.658
24.990
24.990
36.260
51.446
26.656
41.536
35.280
48.213
35.280
49.143
33.520
28.010
33.220
33.310
.171
.275
1.470
.165
.173
1.450
.175
.24S
1.470
.175
.250
1.470
.1100
.1131
.0585
. 5335
. 0725
.195
.0902
.1056
.0500
.6159
.0625
.180
.1100
. 1182
.0585
.5216
.0725
.195
.1100
.1181
.05S5
.5207
.0725
.195
.140
.120
.130
.133
1.110
.057
.149
.060
.900
,039
.130
.048
1.035
.048
.143
.053
1.110
.053
.149
.058
.050
.14G
1.970
.050
.118
2.194
.054
.103
1.700
.057
.123
.530
.530
.530
2.13
1.4:
1.87
.222
3.049
.035
.050
.211
2. MO
.02'
.044
.239
2.886
.034
.050
.47:
.266
.428
.219
3.019
.035
.049
.424
.143
3.46
.095
3.46
.124
3.46
.133
3.46
1.0710
.4650
.'8650
.3860
1.0750
.4500
1.075C
2.089
1.931
2.030
1.312
1.114
1.275
1.675
1.290
1.594
2.363
40,948 32,856 39,919
16,288 13,612 16,124
24,660 19,244 23,795
731
50
433
243
661,422
84,206
128,783
448,433
• New series. See note on corresponding item in the July 1941 SUBTEY.
428
235
605,326
43,520
124,192
437,614
.530
1.88
.457S
2.O30
1.312
1.63S
42,13*
17,282
24,853
812
738
37
33
516
459
259
246
660,07; 649,617
49,812 64,450
151,391 135,633
458,872 449,534
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
Security markets:
Bonds:
Prices:
Average price of ail 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
do
Foreign issues
do
Yields:
Moody's:
Domestic corporate
percent..
By ratings:
Aaa.._
___
do
Aa
do
A
do....
Baaa
do
By groups:
st
.do
Industrials
Public utilities-_do
Kails
do....
Stocks:
Cash dividend payments and rates (Moody's):
Total annual payments at current rates
(600 companies)...
.mil. of dol..
Number of shares, adjusted^
millions..
Dividend rate per share (weighted average)
(000 companies)
dollars..
Banks (21 companies)
do
Industrials (492 companies)
do
Insurance (21 companies)
do
Public utilities (30 companies)
do
Rails (36 companies)
do
Prices:
Averago price or all listed shares (N. Y.
S. E.)
Dec. 31, 1924=100Shares listed, N. Y. S. E.:
Market value, all listed shares..mil. of dol..
Number of shares listed
millions..
July
July
May
95.04
98.92
47.11
90.96
95.62
40.64
94.22
98.03
47.67
94.80
98.60
47.79
56,041
51,836
4,205
53,260
51,279
1,981
53,431
48,903
4,528
48,602
46, 762
1,840
55,534
51,278
4,255
52, 322
50,293
2,029
56,159
51,952
4,207
53,237
51,227
2,010
3.30
3.57
3.37
3.34
2.74
2.90
3.26
4.28
2.88
3.01
3.57
4.80
2.81
2.99
3.34
4.32
2.77
2.95
3.31
4.31
2.90
3.07
3.92
3.15
3.23
4.32
3.02
3.13
3.95
2.96
3.10
3.95
1,821 1,695
938.08 936.43
1,822
1,824
1.94
3.01
1.93
2.59
1.95
1.57
June
1.94
3.01
1.93
2.59
1.92
1.56
1.81
3.01
1.77
2.54
1.96
1.29
1.94
3.01
1.93
2.54
1.94
1.57
56.7
54.6
51.5
54.0
41,654 39,992 37,815
1,463 1.454 1,463
39,60S
1,463
April
June
May
FOREIGN TRADE
Exports:
Total, including reexports
thous. of dol— 337,745
U. S. merchandise, by economic classes:
Total
_.-thous. of dol__ 331,697
29,020
Crude materials
do
4,716
Cotton, unmanufactured
do
33,173
Foodstuffs, total
do
5,368
Crude foodstuffs
do
27,805
Mfd. foodstuffs and beverages
do
2,117
Fruits and preparations
do
Meats and fats
d o . - . . 11,254
2,573
Wheat and
flour
do
50,922
Semimanufactures
do
218, 582
Finished manufactures.
do
21,415
Autos and parts
do
4,313
Gasoline
do
45,445
Machinery
,
do
By individual commodities:
352
Airplanes
number..
13,481
Automobiles assembled, total..
do
4,056
Passenger cars.._
_
do
9,425
Trucks..
.do
Coal:
335
Anthracite
thous. of long tons.2,071
Bituminous
do
64
Coke..
do
Copper, refined and mfrs
short tons.. 8,120
Cotton (excluding linters)bales. . 75,236
Cotton cloth
-thous. of sq. yd-. 39,039
Fertilizers, total
long tons— 66,651
11,688
Nitrogenous.
do
48,265
Phosphate materials
do
2,311
Prepared fertilizers
do
7
Gold
thous. of dol-.
Grains, incl. flour and meal
thous. of bu~. 3,330
Corn, including meaL._
do
295
Wheat, including
flour
do
2,711
Wheat only..l
do
106
Wheat
flour
...thous. of bbl.. 2,605
101
Kerosene
do
77
Leather, sole
thous. oflb..
Leather, upper.
-thous. of sq. ft., 2,268
Lumber:
Total sawmill products
M bd. ft.. 51,977
7,404
Sawed timber
.do
37,422
Boards, planks, scantlings, etc
do
Meats, total
thous. oflb.. 66,762
Beef and veal
do
978
Pork, including lard
.do
51,439
Lard
..do
20,101
Metha nol, refined
gallons. . 16,668
Milk:
Condensed (sweetened).
thous. of Ib.. 7,333
43,383
Evaporated (unsweetened).
do
7,005
Powdered
do
Motor fuel
thous. of bbL. 1,184
210
Silver
thous. of dol..
Sugar, refined
long tons.. 3,175
Tires and tubes:
Pneumatic casings
thousands..
105
Inner tubes.do
84
Tobacco, unmanufactured, including sterns
and scrap...
-thous. oflb.. 14,916
r Revised.
350,458 385,454 384,636
344,444
33,589
8,295
17,758
6,480
11,278
2,209
1,764
1,536
76,310
216,787
17,661
7,569
54,496
376,185 376,354
16,857 28,647
4,380
4,389
25,323
3,963
8,388
14,306 16,935
1,768
3,262
3,241
2,472
3,979
3,923
67,004 55,136
274, 054 267,248
2S,642 30,511
2,732
3,394
63, 751 59,631
372
14,609
6,463
8,146
571
18,536
8,574
9,962
511
21,969
9,012
12,957
363
1,948
77
36,236
133,530
24,627
90,061
15,379
60,619
372
1,249
7,363
4,139
1,835
632
1,203
299
92
2,701
97
528
47
8,907
74,009
37,947
74,715
16,748
49,481
1,580
2
5,291
175
4,855
1,246
3,609
158
14
3,871
309
1,511
51
12,286
71,539
44,972
81,971
6,014
74,082
317
5
5,983
1,016
4,572
1,414
3,159
118
14
4,321
91,180
14,892
62,509
18,802
1,323
15,826
12,697
53,341
65,828
7,916
39,838
28,396
1,548
25,305
22,375
61,831
40,168
17,527
1,195
14,213
10,697
48,580
1,194
4,550
1,048
2.280
884
7,822
7,773
1,631
1,232
1,212
1,897
8,292
19,366
2,277
1,257
r615
2,360
157
114
134
92
14,030
22,699
20,965
53,308
Earlier data are available in monthly issues of
May
the Survey and the 1940 Supplement
July
July
FINANCE—Continued
Security markets:—Continued
Stocks:—Continued
Yields:
6.4
5.S
6.1
5.6
Common stocks (200), Moody's...percent4.9
4.5
4.5
4.7
Banks (15 stocks)
do...
C>. 5
5.7
5.8
6.2
Industrials (125 stocks)
do...
4.3
4.5
4.0
4.2
Insurance (10 stocks)
do...
0.8
5.7
0.4
6.5
Public utilities (25 stocks)
do...
6.5
5.5
5.9
0.4
Rails (25stocks)
do...
FOODSTUFFS AND TOBACCO
Livestock:
Cattle and calves:
Receipts, principal mkts.-.thous. of animals1,647
1, 021
1,737
1,697
Disposition:
1.013
1,025
991
1.079
Local slaughter
-do-._
574
624
605
723
Shipments, total
.do.-.
228
282
235
307
Stocker and feeder
do.-.
Hogs:
2,305
2,564
2,259
2,036
Receipts, principal markets
do~.
Disposition:
1,974
1,707
1,473
1,593
Local slaughter
do...
5S2
5S7
560
649
Shipments, total-.
do...
51
53
33
54
Stocker and feeder
do...
Sheep and lambs:
1,928
1,779
1,885
1,891
Receipts, principal markets
do...
Disposition:
1,079
972
971
Local slaughter
do...
853
834
921
924
Shipments, total
do...
154
150
214
241
Stocker and feeder
do...
Stocks, cold storage, end of month:
Butter, creamery
thous. oflb.. ,78,526 .23,628 56,792 120, 246
Cheese, total
_._
do..- .67,736 .38,904 .19,718 142, 369
Shell
Frozen
Fisht total (15th of month)
Total meats.
_
Beef and veal
Lamb and mutton..
Pork, total.
Fresh and cured
Lard
__
Poultry
5,375
.thous. of cases.. 6,653 7,784
thous. oflb.. 194,827 154,947 L42,065
__
do-.-_ 73,922 62,062 41,435
1,329
974
mil. of lb._ 1,103
76
42
67
thous. of lb..
4
3
3
do
1,172
852
961
do
798
549
619
do....
374
342
303
:do
81.132 82.415 87,433
do
June
June
FOREIGN TRADE—Continued
Exports—Continued.
By individual commodities—Continued.
Vegetable oils, total
thous. oflb.- 11,437
Wood pulp, total, all grades
short tons-. 14,174 41,606
Imports:
General imports, total
thous. of dol._ 279,636 211,390
Imports for consumption:
Total
_
_.thous. of doL. 261,097 205,397
Crude materials
_do. 110,609 70,511
Crude foodstuffs
__
..do.
31,9S8 23,642
Mfd. foodstuffs and beverages.
do
28,082 31,275
Semimanufactures
do
54,553 45,146
35,864 34,823
Finished manufactures
do
By individual commodities:
Aluminum (bauxite)
long tons_. .21,484 44,923
Cheese
thous. oflb._ 1,437 3,363
Cocoa
long tons.. 34,395 22,288
Coconut oil
thous. of lb__ 26,884 26, 729
Coffee
thous. ofbags.. 1,215 1,226
Copper, total
short tons.. 41,472 23,041
14,335
For smelting, refining, and export..do
24,943 17,454
Copra
do
Cotton (excluding linters)
bales. _ 26,108 12,374
Fertilizers, total
long tons.. 74,439 99,002
Nitrogenous, total
d o . . . . 62,840 83,707
Nitrate of soda
do... 27,341 62,598
303 3,386
Phosphates
.do...
Potash
do... 8,307 10,349
866 1,434
Flaxseed
..thous. of bu.
Gold...
thous. of doL. 30,7191 164,224
Hides and skins, total
thous. of lb.. 53,572 28,521
Calf and kip skins
do
2,150 1,085
Cattle hides
.do
34,025 16,401
Goat skins.
.do
8,577 5,576
Sheep and lamb skins..
do
7,004 3,919
162
Iron ore
thous. of long tons..
225
Lead, total, except manufactures (lead content)
short tons.. 33,374 4,723
Lumber, total sawmill prod
M bd. ft.. 115,745 60,725
Manganese ore (manganese content)
51
50
thous. of long tons..
Newsprint
short tons.. 252,872 254,920
Petroleum, crude
.thous. of bbl.. 4,488 3,658
669
Rayon
.thous. of lb,. 1,457
Rubber, crude, incl. latex
long tons.. 64,577 53,889
Silk, raw
_.
..thous. oflb,. 3,895 2,356
Silver
thous. of dol.. 4,099 4,673
Tea
..-thous. oflb.. 9,752 6,510
Tin, bars, blocks, etc
lonp tons.. 11,552 11,611
Tobacco, unmanufactured, incl. stems and
scraps
thous. oflb.. 6,630 6.425
53,087 78,214
Vegetable oils, total
do
3,511 15,791
Paint oils
.do
All other vegetable oils
do.... 49,576 62,424
Wood pulp, total all grades
short tons. 105,031 93,358
Chemical:
16,447 17,817
Sulphate, total
-...do
Unbleached.
do.... 11,903 13,058
Sulphite, total.
do.... 70,598 53,349
Bleached.
_
do... 35,219 30,294
Unbleached
do... 35,379 23,055
16,732 21,138
Groundwood.
do
Wool, unmanufactured
thous. oflb. 84,759 18.666
April
6,427
178,594
54,548
1,233
68
4
1,086
704
383
85, 573
May
11,246 11,017
48,738 24,175
287,550 296,930
274,593 281,351
103,437 116,777
36,621 36,418
33,125 34,370
66,377 57,862
35,032 35,925
83,400
1,871
31,304
41,155
2,135
70,409
18,086
18,672
18,846
120,330
106,737
89,565
3,551
1,891
1,286
171,994
50,665
2,316
28,548
5,403
10,981
185
49,732
2,114
36,028
28,273
1,731
54,981
9,637
26,872
30,853
99,673
70,036
42,134
1,194
1,512
1,177
34,835
56,267
1,949
35,327
7,203
8,789
180
39,764
79,734
40,553
95.057
53
15
237,639 276,257
3,701
4,132
1,304
1,611
63,305 101,404
3,509
3,551
3,347
4,346
7,793 11,190
15,247 13,060
5,927
82.135
4,536
77,599
85.136
6,526
59,559
5,466
54,093
95,175
14,431
9,845
53,184
30,575
22,609
16,394
91,788
15,194
9,942
61,300
33,692
27,608
17,629
74,954
U. S . GOVERNMENT PRINTING OFFICE: t 9 4 l
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