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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C, JULY 11, 1940 SUMMARY OF BUSINESS TRENDS R ETAIL sales felt the effect of rising business activity in June, in all lines for which data are now available. The weakness apparent in department-store sales through May disappeared as June reports showed gains of a magnitude that might be expected on the basis of the current level of production and income. The Reserve Board's adjusted index of departmentstore sales rose 6 points in June to 93, a greater 1-month gain than in November when the index jumped from 90 to 95. (See chart below.) Preliminary data indicate that chain- and varietystore sales in June were unchanged in volume against the usual seasonal deeliner—Sales of mail-order houses—more satisfactory so far this year than department-store sales—were about 10 percent higher than a year ago, though moderately lower than May on an unadjusted basis. The retail position of the automobile industry at the beginning of July was the most satisfactory in recent months. New-car sales were estimated at above 400,000 units in June as against 386,000 in May, and 411,000 in the peak month of April. Stocks of new cars in the hands of dealers were reduced to about 400,000,. the lowest volume for the year. . By the end of June industrial production had regained most of the ground lost since January. Although the Reserve Board's adjusted index of industrial production was 115 for June, the index was running at about 118 at the end of the month. This compares with the January figure of 119. During the intervening months production has experienced one of the sharpest swings recorded for so short a period of time, dropping to 102 in April. Freight loadings advanced to 752,326 cars in the week ended June 29, a gain of 50,000 cars over the first week of the month. Cotton consumption was higher in the final week; 5 successive weekly advances have brought the adjusted index to early March levels. Electric-power output and other indexes of current production, except automobiles, continued upward at the month-end. Steel-ingot production rebounded to 86.4 percent of capacity for the current week after the slack during the holiday week. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) AUTOMOBILE PRODUCTION (DAILY AVERAGE - THOUSANDS COMMERCIAL LOANS (BILLIONS OF DOLLARS) OF TONS) F R A . HOME MORTGAGES MISCELLANEOUS CAR LOADINGS CRUDE OIL RUNS-TO-STILLS DEPARTMENT STORE SALES PRICE INDEX OF 28 BASIC COMMODITIES (SEASONALLY ADJUSTED 1 9 2 3 - 2 5 * 1 0 0 ) (AUG. 1939 = 100) 160 THURSGAr FtGUR£S 100 95 140 90 V (THOUSANDS OF CARS) BITUMINOUS COAL PRODUCTION (THOUSANDS OF VEHICLES) 120 FREIGHT CAR LOADINGS \ MONTHLY DATA /V —s^sv ^v / 85 80 100 75 M , 1 . . 1, , 1. . 1937 243415-40 , . 1 , , 1 . , 1 ,., , i , , i 1939 1938 . . 1 . . 1 . . 1 , . I?4Q 1937 1938 1939 1940 WEEKLY BUSINESS INDICATORS( [Weekly average, 1923-1925=100] Business activity:! New York Times§ef. Baron'sd"1 Business Week Commodity prices, wholesale: Dept. of Labor, 1926 = 100: Con — ombined index (813)-. Farm products (67) _.. Food (122) Allother (624) Fisher's index, 1926=100: Combined index (131)... Copper, electrolytic* Cotton, middling, spot.... Construct ion contracts}. Distribution: Carloadings Employment: Detroit, factory. Finance: Bond yields}.. Stock prices}.. 77.1 65.6 70.1 82.4 77.4 66.8 70.2 82.4 77.4 66.7 70.5 82.4 75.6 64.1 68.1 80.3 75.5 62.9 67.4 80.5 78.3 69.4 73.6 81.4 Finance—Continued. Banking: Debits, outside N . Y. C.}.... Federal Reserve reporting member banks: Loans, total Interest rates: Call loans} _ Time loans}.. Currency in circulation} Production: Automobiles Bituminous coalt Cotton consumption! Electric power!----Lumber _ Petroleum} _ Stoel ingots® Receipts, primary markets: Cattle and calves. Hogs Cotton _„_ Wheat u->--i 77.9 68.5 72.7 81.5 82.2 82.1 82.3 83.0 82.7 79.2 78.3 79.0 81.2 81.9 81.9 71.0 40.8 40.8 41.2 39.0 36.8 78.8 81.2 80.9 71.0 67.4 63.8 35.7 33.8 33.1 74.3 73.0 79.0 76.4 74.8 73.7 58.7 102.1 103.3 69.4 52.6 61.8 54.9 86.7 63.1 64.1 65.2 92.3 92.8 93.5 90.2 1938 July June' Junef June' June July July July July 9 2 6 29 22 15 8 8 1 103.2 102.8 102.4 99.3 85.8 90.6 77.6 94.4 68.1 113. l j l l l . 7-110. 2,108. 6 77.4 78.4 125. 7 125.0 2 119.0 101.0 101, 120. U 123. l i o . J£ 77.1 65.7 69.7 82.3 1939 1940 1938 1939 1940 July June June June June July July July July 2 6 29 22 15 8 65.9 64.3 64.3 73.5 75.0 88.0 97.4 99.5 97.9 113.6 90.2 103.2 87.1 106.7 106.9 94.2 105.0 81.9 67.7 67.5 67.6 67.8 67.5 65.1 64.7 66.0 66.6 24.2 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 28.6 163.1 160.8 159.6 159.2 159.1 146.1 144.3 133.9 133.1 114.5 119.1 121.5 54.4 37.4 55.9 78.0 76.8 79.0 70.1 64.9 55.1 51.7 91.9 116.2 89.1 88.6 150.9 150.6 151.0 147.2124.7 138.1 112.9 120.9 44.9 52.7 50.7 49.6 35.3 42.6 30.2 32.7 180.5 190.7 189.2 189.3 89.3 175.i. 1 171.7 163.4151.7 127.3 148.3 150.4 145.1 137.7 '" 93.337.8 48.4 66.1111.4 78.9 56.4 62.3 50.4 60.7 60.3 47.7 56.6 31.5 36.2 32.2 32.3 24.6 29.2 30.0 16.9 38.8 327.9 230.4 316.2 61.0 50.6 21.9 37.7 263.2 62.9 63.9 36.2 26.5 113.4 • Data do not cover calendar weeks in all cases. § Computed normal=100. } Daily average. t Weekly average, 1928-30=100. 1 Seasonally adjusted. ® Index for week ended July 13 is 148.2. & For description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS • 1940 July 6 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York} dpi. per l b . . Cotton, middling, spot, New York " do Food index (Bradstreef s) do Iron and steel, composite dol. per ton.. Wheat, No. 2, Hard Winter (Kansas City)—dol. per bu_. Banking: FINANCE Debits, New York City mil. of dol.. Debits, outside New York City (140 cities).-do Federal Reserve banks: Reserve 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. 8. Government direct obligations... do Obligations fully guaranteed by IT. S. Government _ mil. of dol.. Loans, totals.. --— do Commercial, industrial, and agricultural loans 5 mil. of dol.Interest rates, call loans}.._ percent.. Interest rate, time loans}... do. Exchange rates: French franc} _ cents.. Pcund sterling}... _• dollars.Failuies, commercial ..numbersCurrency in circulation}.. __ mil. of dol.. Security markets: Bond sales (N. F . S. E,) thous. of dol. par value.. Bond yields (Moody's) (120 bonds)} percent.. Stock sales <JV. Y. &\ 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. 1939 June 29 June 22 June 15 0.108 .107 2.24 37.72 .72 0.109 .111 2.20 37.76 .75 0.112 .111 2.18 37.80 .76 0.113 .112 2.19 37.76 .80 0.113 .106 2.19 37.59 .80 0.111 .104 2.19 37.55 .82 0.098 .100 2.17 35.81 3,P46 5,263 3,589 4,788 2,516 4,039 2,681 4,127 4,552 3,406 4,129 2,503 2,450 13,737 6,812 2,887 4,179 2,511 2,473 13,723 6,801 2,539 2,473 13,712 6,767 2,523 2,477 13,510 6,607 • 2,530 2,477 13,387 6,533 2,511 2,477 13,215 20,510 5,331 15,124 9,202 20,681 5,312 15,146 9,202 20,495 5,306 15,152 9,226 20,615 5,311 15,192 9,214 20,306 5,318 15,092 9,163 2,405 8,462 2,408 8,435 2,400 8,444 2,400 4,438 1.00 1.25 4,399 1.00 1.25 4,387 1.00 1.25 • ¥m (*) "3.616 296 7,752 25,900 3.70 3,611 90.82 76.3 88.3 77.4 23.9 () "3.791 259 7,918 18,400 3.60 1,385 89.61 75.6 86.5 80.0 24.4 286 7,809 24,370 3.64 3,585 90.12 74.2 85.2 78.1 23.4 Juno 8 June 1 July 8 1938 July 1 0.098 .097 2.18 35.72 .70 July 9 1937 July 2 July 10 2.41 36.33 0.088 .090 2.40 36.29 .73 0.138 .131 2.90 39.91 1.22 4,366 3,473 4,059 3,272 3,798 4,292 4,405 2,569 2,551 10,151 4,292 2,567 2,551 10,116 4,243 2,603 2,564 8,074 2,985 2,590 2,564 8,041 2,900 2,578 2,526 6,827 875 20,287 5,312 15,049 9,081 17,109 5,229 13,858 8,485 17,220 5,237 13,862 8,423 14,801 5,229 12,224 7,731 15,036 12,240 7,770 14,855 5,249 12,483 8,297 2,401 8,435 8,475 2,150 8,142 2,148 8,089 1,495 8,252 1,488 8,321 1,141 9,734 4,377 1.00 1.25 1.00 1.25 4,367 1.00 1.25 3,872 1.00 1.25 3,833 1.00 1.25 3,880 1.00 1.25 3,936 1.00 1.25 4,331 1.00 1.25 2.149 -3.720 245 7,732 •1.892 •3.342 249 7,726 1.801 "3.183 239 7,687 2.649 4.681 208 7,096 2.649 4.681 264 7,005 2.775 4.940 2.785 4.955 3.867 4.956 6,504 6,461 6,514 29,110 3.76 5,483 87.60 75.2 87.4 75.5 23.1 21,410 3.80 2,620 85.44 69.9 80.9 71.9 21.3 20,870 3.80 3,512 86.22 71.1 82.3 72.5 21.8 17,840 3.71 1,442 95.42 83.3 97.3 82.9 24.7 28,970 3.71 3,126 94.63 82.8 96.7 81.9 24.4 37,630 4.24 8,446 96.63 87.-6 104.6 77.3 27.1 49,520 4.33 12,133 95.05 85.4 102.2 75.7 25.5 37,920 3.89 4,993 128.72 117.8 139.3 95.7 53.4 0.093 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: 42,784 95,560 93,635 70,663 43,945 100,031 90,060 87,550 51,975 Automobiles^ number.. 29,375 1,402 1,194 1,345 1,308 1,105 880 1,328 1,343 938 Bituminous coal}— thous. of short tons.. 1,315 2,332 2,078 2,453 2,516 2,300 2,514 2,015 2,509 1,881 Electric power mil. of kw.-hr.. 2,096 3,651 3,530 3,817 3,816 3,463 3,640 3,059 3,846 3,296 Petroleum} thous. of bbl__ 3,521 76.9 38.5 80.3 84.6 86.5 54.3 74.2 28.7 87.7 22.4 Steel ingots©.... pet. of capacity67.3 12,416 11,723 16,592 11,051 11,928 Construction-contract awards } thous. of dol Distribution: 752,326 728,096 712,445 702,571 639,126 559,109 661,404 500,981 678,958 Freight-car loadings, total cars 95,232 110,774 74,378 134,356 133,864 132,003 128,004 121,810 97,618 107,173 Coal and coke. _ do 33,010 32,263 22,030 34,280 34,237 20,921 34,338 27,795 35,884 32,722 Forest products ~~~~.do." 51,491 27,243 53,456 33,656 56,320 30,456 50,953 28,161 44,778 46,911 Grains and grain products _.do 10,415 10,533 9,422 10,553 9,896 9,682 9,709 10,658 10,094 11,041 Livestock " (\0'" 148,260 130,439 127,662 153,457 123,231 146,941 140,563 149,432 148,782 148,354 Merchandise, 1. c. 1__ . do 59,663 24,623 74,566 20,273 44,102 36,423 64,174 68,209 66,078 67,438 309,397 298,795 293,469 287,072 257,175 214,884 258,155 195,962 231,268 266,929 Ore ,,_"_ _do*_! Miscellaneous do " 202 192 178 207 190 169 159 185 197 193 Receipts: "' """ 235 235 309 158 209 205 278 367 327 329 Cattle and calves thousands.. 69 84 39 78 44 76 82 64 86 98 Hogs _ d0 57 9,020 24,289 18,332 26,084 25,154 3,702 2,239 3,086 5, COS 2,487 20,936 Cotton into sight thous. of bales Wheat, for at primary markets of bu average. ®Rate week ended July 13 is 86.4. thous. ' }Daily •Data do not cover calendar weeks in all cases. a Free rate. 6 Not available. 5 No longer strictly comparable; for an explanation see the corresponding data on p. 30 of the April 1939 issue of the SURVEY. 1 Source: 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 1938 Supplement to the Survey COMMODITY PRICES Page 11 Prices received by farmers (U. S. Department of Agriculture): Combined index. 1909-14=100.. Chickens and eggs do Cotton and cottonseed do Dairy products ..do... Fruits _ ..do Grains __ ..do Meat animals._ _.. do Truck crops.. ___ do... Miscellaneous _ do... DOMESTIC TRADE Pages 27, 28, 29, 30 Postal business: Receipts, postal: 50 selected cities _ thous. of dol.. 50 industrial cities... do.-. Retail trade: Department stores: Sales, total U. S., unadjusted. 1923-25=100. A _ Boston... _.. do.__ Chicago do... Cleveland .do... Dallas.. _ do— Kansas City .1925=100. Minneapolis. ....1929-31 = 100. New York.. _ 1923-25=100. Philadelphia f do... Richmond "_ do... St. Louis.. — do... San Franciseot do... Sales, total U. S., adjusted...do... Atlanta.. do___ Chicago do... Clevelandf— do... Dallas do... Minneapolis! 1929-31=100. New York .1923-25=100. Philadelphiaf -do... St. Louis do_-_ San Franciscof do... . Hailrorder^and-store sales: _ Montgomery Ward & Co thous. of dol. Sears, Roebuck & Co do... 1940 June 1939 June July August Se t e m ge r " 95 81 81 104 104 83 102 134 100 73 94 93 73 107 105 81 89 73 96 80 66 107 99 89 90 71 100 70 64 101 99 100 102 76 107 73 83 117 117 28,668 3,451 29,791 '3,688 25,464 3,271 28,233 3,5-40 30,038 3,413 'i 76 .108 76" 89 82 90 74 95 87 65 105 75 — »>90 * 100 119 91 84 101 95 90 66 82 97 61 63 72 61 69 63 46 73 62 81 86 126 85 86 103 97 89 67 90 99 43,104 63,313 41,302 56,768 33,452 43,941 P96 *95 *>92 P76 M01 J>91 P73 M13 *>83 »91 *93 J>125 P9S J>97 P103 J>101 5 97 133 114 55 ~~ 83 102 77 96 73 115 83 90 79 89 '116 67 97 50 74 86 118 70 98 94 98 89 91 142 146 98 95 92 88 104 107 104 102 93 90 74 67 92 94 95 100 38,998 48,259 44,743 62,751 1940 DecemOctober November ber 97 108 74 112 73 77 112 128 94 31,960 3,788} 138 -85 116 94 116 104 SO 132 96 103 90 116 89 94 103 97 91 69 85 99 54,945 67,246 97 117 75 117 66 79 107 123 96 97 82 118 65 87 101 96 104 32,446 3,658 42.938 5.117 ' March 101 98 85 118 76 91 101 168 107 97 83 85 114 73 92 102 128 101 82 85 110 81 96 104 145 100 84 83 106 88 92 108 133 101 30, 380' 29,737 3,665 3,791 32,657 3,993 31,615 3,923 32,265 3,786 71 111 63 74 73 91 70 70 69 53 83 73 83 89 126 92 93 107 97 86 70 85 86 136 69 92 86 110 87 93 86 118 71 91 90 99 85 100 83 65 105 90 90 89 119 92 88 103 101 90 68 92 30,530 40,836 38,842 91 85 119 66 90 103 117 113 106 .168 142 93 230 - -69 - 88 — 1 4 0 75 164 99 70 171 107 86 195 117 67 88 154 81 97 160 74 115 172 52 95 139 84 131 217 69 102 156 80 105 179 92 95 96 118 125 135 94 90 98 93 100 100 113 104 113 102 94 105 94 97 95 72 78 76 87 87 94 100 ... . 104 47,764 66,020 29,984 60,330 82,427 40,548 110 91 95 89 139 94 91 112 90 89 71 92 102 April 45,856 56,372 May '129 _._'74 93 '94 '105 '86 100 '85 '74 '120 '88 r95 87 127 92 '87 '105 100 '88 '74 r88 '99 45,905 65,978 FINANCE Pages 54, 62, 65, 75, 76 Banking: Federal Reserve banks, condition, end of month: Assets (resources), total mil. of dol. 17,172 17,348 17,823 18, C02 18,779 18,740 19,027 19,223 19,497 19,677 20,042 20,585 21,408 Reserve bank credit outstanding, total 2,519 2,51R 2,529 2,547 2,650 2,503 2,593 2,801 2,879 mil. of dol.. 2,486 2,446 2,579 2,531 0 0 0 0 0 0 0 0 1 Bills bought do... 1 1 0 3 3 4 7 7 8 7 6 6 5 5 Bills discounted do... 5 2 2,477 2,467 2,475 2,477 2,552 2,477 2,484 2,736 2,804 United States securities _..do... 2,426 2,551 2,466 2,488 17,346 Reserves, total.__. ...do.— 18,120 13,874 14,230 14,661 15,013 15,178 15,295 15,524 15,975 16,181 16,451 16,809 Gold certificates do__. 17,754 13.524 13,878 14,321 14,679 14,838 14,976 15,209 15,561 15,813 16,076 16,428 16,994 Liabilities, total. _..do... 21,408 17,172 17,348 17,823 18,602 18,779 18,740 19,027 19,223 19,497 19,677 20,042 20,585 Deposits, total._ _ .do... 15,213 11,701 11,952 12,247 12,953 12,988 12,865 12,941 13,422 13,630 13,815 14,152 14,575 Member bank reserve balances, total mil. of dol. 13,781 10,018 10,507 10,918 11,655 11,973 11,628 11,653 12,150 12,328 12,423 12,919 13,237 6,385 6,149 5,828 5,692 5,559 5,209 5,160 5,553 5,352 Excess reserves (estimated) do... 4,758 4,553 4,140 6,857 Federal Reserve notes in circulation 5,057 4,941 4,872 4,931 4,832 4,862 4,959 4,773 4,720 mil. of dol.. 4,631 4,530 4,511 5,199 88.4 88.0 87.8 87.5 87.5 86.7 86.3 85.5 85.0 Reserve ratio _ .percent. 86.9 86.3 85.6 88.8 Monetary statistics: ~~Tureigii exchange rates: *-•—~ r~~~ .298 .298 .298 .298 .312 .311 .312 Argentina. dol. per paper peso.. .298 0) M67 .169 .170 .169 .166 .165 .168 .167 .170 .170 .170 Belgium dol. per belga.. .170 .810 .842 .829 .867 .876 .878 .880 .893 .998 .995 .998 .801 Canada ___dol. per Canadian dol. .913 .019 .020 .021 .022 .022 .022 .022 .023 .026 .026 .026 *.020 France... dol. per franc. .023 .400 .401 .401 .401 .401 .401 .401 .401 .401 .399 .401 Germany. dol. per reichsmark. .400 .399 >.531 .531 .531 .531 .531 .531 .532 .531 .533 .535 .532 Netherlands dol. per guilder. .532 .238 .237 .238 .238 .238 .238 .238 .238 .241 .240 .241 Sweden dol. per krona., .238 .238 3.274 3.526 3.759 3.963 3.930 3.925 3.964 4.011 4.681 4.611 4.682 United Kingdom dol. per £.. 3.602 3.995 Public finance (Federal): Debt, gross, end of mo mil. of dol. 40,445 40,666 40,896 40,861 41,040 41,310 41,961 • 42,128 42,375 ' 42,559 42,658 42,808 42,968 Public issues: Interest bearing*. do___ 36,122 36,200 36,261 36,282 36( 421 36,517 37,234 37,364 37,493 ' 37, 531 37,620 37,668 37,602 555 541 526 557 496 Noninterest bearing* __.do... 548 554 510 540 516 591 Special issues to govt. agencies and trust 4,585 4,496 4,471 4,356 4,256 4,231 4,295 funds* mil. of dol. 4,094 4,109 3,918 4,063 4,775 3,770 Receipts, customs thous. of dol. 28,101 24,517 25,528 27,213 35,595 32,418 29,049 27,814 .35,788 25,651 28,702 26,479 '26,251 Security markets: Bonds: Yields (Moody's): 3.65 3.54 3.58 3.72 3.60 3.63 3.70 3.95 3.83 3.67 3.66 3.71 Domestic (120 bonds) percent., By ratings: 2.93 2.82 2.84 2.86 2.94 2.88 2.89 3.00 3.15 2.93 3.25 2.92 2.96 Aaa (30 bonds) .do... 3.08 2.99 3.04 3.05 3-14 3.08 3.16 3.07 3.35 3.11 3.49 3.13 3.10 Aa (30 bonds) do.... 3.65 3.59 3.68 3.65 3.74 3.69 3.78 3.83 3.94 3.80 4.05 3.86 3.70 A (30 bonds).... do.... 4.94 4.74.83 4.92 4.80 4.86 4.85 4.84 4.85 5.00 4.88 4.91 6.11 Baa (30 bonds)— do... ' Revised. * Preliminary. * New series. New items for Federal gross debt beginning June 1916 appear in table 21, p. 16, of the April 1939 SURVEY. t Revised series. Indexes of department store sales in San Francisco area revised beginning 1919, see table 3, p. 18, of the January 1940 SURVEY. Seasonally adjusted indexes of department store sales revised beginning 1929 for the Cleveland district and beginning 1934 for the Minneapolis district; see tables 4 and 5, p. 18, of the January 1940 SURVEY. Philadelphia revised for 1923-39, see table 7, p. 10, of the Ma-ch 1940 SURVEY, RVEY. Indexes of department store sales in Ph tati not available ilable since May 99, 1940 • Quotations 1940. • Quotations not available June 16-30,1940, MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1940 gether with explanatory notes and references to the sources of the data, may be found in the" Juno 1938 Supplement to the Survey 1939 June July August 1940 October Decem- January ber F ||?™' ary March 3.12 3.33 4.37 3.09 3.29 4.37 3.05 3.24 4.33 3.20 3.30 4.46 310,284 193,698 199,969 659,512 330,592 231,651 338,366 216,350 296,168 191,364 192,915 60S, 149 311,996 215,588 323,201 213,822 14,116 2,334 7,053 51,362 18,596 16,064 15,165 2,528 180,341 176,637 3,704 449,981 420,278 29,703 ber April May FINANCE—Continued Security markets—Continued: Bonds—Continued: Yields (Moody's)—Continued: By groups: Industrials (40 bonds). percent.. 3.25 Public utilities (40 bonds) do___ 3.33 3.42 Rails (40 bonds) do.... 4.57 4.47 Dividend declarations (2V. Y. Times): Total thous. of dol.. 239,426 220,175 Industrials and miscellaneous do.._. 223,372 200,698 Railroads do.,_. 16,055 19,477 Prices: Dow-Jones & Co., Inc. (65 stocks): 39.99 dol. per share.. 45.66 Industrials (30stocks). .do.... 119.46 136.52 20.15 Public utilities (15 stocks) do.... 23.66 24.66 Rails (20 stocks) do.... 27.59 89.17 New York Times (50 stocks) do.... 96.95 Industrials (25stocks) do.... 159.61 173.12 18.72 Railroads (25 stocks) do-.20.79 3.17 3.39 4.42 181,033 167,167 13,866 3.21 3.40 4.41 3.57 3.70 4.58 3.43 3.57 4.51 3.25 3.41 4.44 3.21 3.38 4.47 3.14 3.35 4.39 46.82 139.26 24.96 28.29 99.74 178.03 21.45 46.47 137.89 25.68 27.67 99.44 178.21 20.68 50.47 150.72 24.36 31.97 110.38 195.86 24.91 51.80 152.15 25.64 34.27 110.33 194.82 25.84 51.01 149.98 25.68 33.38 108.59 192.28 24.90 50.01 148.54 25.00 31.63 109.01 194.21 23.82 49.72 147.60 25.44 31.09 107.40 191.78 23.03 49.44 147.29 24.87 30.83 107.83 192.67 22.98 49.15 147.13 24.26 30.45 107.66 192. 71 22.61 49.92 148.91 25.09 31.00 109.17 195.13 23.22 43.48 130.76 21.45 26.52 95.20 170.95 19.46 3,127 '483 28 151 202 50 744 209 f 1,260 2,549 429 24 118 2,689 476 27 126 170 48 615 192 1,034 3,844 740 45 171 219 90 780 277 1,523 3,375 676 46 152 165 84 640 253 1,358 3,040 601 47 142 148 67 616 182 1,236 3,262 671 59 155 171 63 716 55 1,371 2,555 643 50 . 115 117 50 554 38 2,487 571 43 121 123 43 571 39 974 3,123 624 45 160 163 53 741 51 1,284 2,494 444 30 129 131 45 595 59 1,062 2,713 470 33 134 126 47 597 195 1,112 17,381 17,042 11,864 12, 759 9,880 12,077 22,655 11,584 31,609 13,135 26,723 15,893 21,923 9,469 12,611 8,125 13,126 7,777 11.996 5,955 11,690 13,116 17,316 TRANSPORTATION AND COMMUNICATIONS Page 85 Class I steam railways: Freight-carloadings (^4. A. R.):T Total cars thousands.. Coal ._ ...do Coke do.._ Forest products do Grains and grain products--. do Livestock do Merchandise, 1. c. 1 do Ore do—. Miscellaneous. do— FOODSTUFFS Pages 106,108 Grains and grain products (principal markets): Corn: Receipts thous. of bu_. Shipments— ..do Oats: Receipts .do Wheat: Receipts do Shipments .do.— 3,535 600 50 171 164 52 725 326 1,446 23,411 14,339 r *2 583 167 983 1,912 4,540 6,673 18,625 12,528 6,261 5,632 4,750 4,327 4,926 4,751 4,178 3,026 13,434 12,780 44,016 14,423 99,006 30,840 43,924 22,791 38,995 24,495 19,799 16,856 12,190 14,936 11,510 13,086 9,390 8,834 11,423 7,403 21,920 8,659 28,438 9,459 29,437 18,525 3,546 3,773 3,746 '3,957 44,940 39,105 35,210 32,962 35,463 155 135 102 106 3,270 3,137 3,514 3,975 60 4,841 70 7,905 28,873 3,677 FUELS AND BYPRODUCTS Pages 117,119 Coal: Anthracite: Production Bituminous: Production.. Coke, beehive: Production thous. of short tons.. _ _ do ~* do— METAIS AND MANUFACTURES Pages 131,133,137 Pig iron and iron manufactures: Pig iron:t * Production _ thous. of short tons.. Steel, crude and semi-manufactured: Ingots, steel :t Production. thous. of short tons.. Percent of capacity Nonferrous metals: Tin: Deliveries long tons.. Visible supply, world, end of mo.t-— do... United States do TEXTILE PRODUCTS Page 156 Silk: D eliveries (consumption) bales. Stocks, end of month: Total, visible supply.... do— United States (warehouses) do.-.. 3,862 P4,366 '3,577 2,912 4,776 4,919 32,640 '27,959 29,135 34,688 38,150 45,950 42,835 37,283 52 46 44 75 256 346 314 13,805 2,373 2,639 2,979 3,224 4,063 4,167 4,221 4,032 3,311 5,533 86 3,524 53 3,565 56 4,242 61 4,769 72 •6,080 91 6,148 92 5,822 91 5,655 82 4,409 9,225 31,869 5,300 4,925 30,039 4,388 5,275 29,615 5,339 6,295 26,338 3,613 5,050 31,168 3,413 6,040 38,206 3,536 7,870 38,035 3,283 11,366 38,280 3,302 9,780 35,573 1,749 6,600 33,148 2,078 9,244 32,339 2,635 7,855 32,239 2,964 17,307 26,256 26,134 33,095 36,869 41,858 32,241 21,128 29,506 22,485 21,685 21,740 18,997 90,122 41,822 60,709 19,209 73,348 25,748 81,060 25,060 89,160 27,760 89,135 35,935 92,527 109,110 41,927 55,610 87,025 59,225 83,306 50,306 87,087 45,887 85,798 92,485 43,285 ' Revised. * Preliminary. * Partly estimated. # , , _ • * . t Revised series. Data on pig iron and steel-ingot production have been converted to a short tonnage basis. Earlier data on pig iron will appear in a subsequent issue; for steel-ingot production on the new basis beginning 1913, see table 26, p. 17, of the May 1940 SURVEY. World visible supply of tin revised beginning January 1935; data not shown on p. 50 of the November 1939 SURVEY will appear in a subsequent issue. 1 Data for June, September, and December 1939 and March and June 1940 are for 5 weeks: other months, 4 weeks. NOTE.—The data in the above tables present, in advance of the monthly Survey of Current Business, such items as were received during the week ended Saturday, July 6,1940. These figures, like similar information in the table entitled "Monthly business statistics" in each monthly issue, should always be read in connection with the detailed tables covering the respective items in the 1938 Supplement to the Survey of Current Business, which contains a description of each series and a reference to the source, of the data. Series marked with an asterisk (*) are exceptions, representing additions since the 1938 Supplement was issued, and similar data, if published, will be found m the monthly numbers indicated by the footnotes. Changes In the series are also indicated in the footnotes. The Survey of Current Business* including 12 monthly Surveys of 56 pages each, and the 52 Weekly Supplements, may be obtained from the Superintendent of Documents, Washington, D. C , for $2 per year. The 1938 Supplement may be obtained from the same source upon receipt of $0.40. U. S. GOVERNMENT PRINTING OFFICE: 1 9 4 0
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