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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 19, 1941 SUMMARY OF BUSINESS TRENDS B USINESS has again moved ahead during the first half of this month. Automobile output averaged 134,000 units weekly, the highest since 1937; steel production hovered around 99 percent of capacity, little changed from the latter part of May; refinery operations were the best on record, with crude runs to stills rising to a daily average of 3,880,000 barrels; and bituminous coalfproduction continued to be heavy for this time of year. Output of electric power was pushed to another new high of 3,042 million kilowatt hours for the week ending June 7, while freight carloadings in the same week recovered sharply from the Memorial week end, the movement aggregating 852,940 cars, still below the May peak of 866,017. More detailed information on May production gains is now available.— Other than the large increase in-mineral -ptoductioivthe biilk of the 9-point advance in the Reserve Board adjusted index to 149 again appeared in the durable manufactures. This component increased from 167 in April to 177 in May. The index for nondurable manufactures climbed from 131 to 134, a somewhat smaller advance than in the several preceding months. As has been usual over the past half year, gains of around 5 percent or more were recorded for such important defense industries as machinery, aircraft, : and shipbuilding. Among the nondurables, important advances on an adjusted basis occurred in cotton consumption, woolen textiles, rayon and in the shoe and chemical industries. Reports on April foreign trade, which have only now been issued, show both exports and imports to have been the largest of the war period. Exports of United States merchandise rose to $376 million from $350 million in March, while imports for consumption in this country jumped to $275 million, the heaviest inflow since the first hah* of 1937. The largest export rise appeared in commodities which in recent months have been flowing in increased volume to the British Empire. Shipments of aircraft were valued at $66 million, up $16 million from March. Exports of iron and steel rose $5 million to a total of $43 million, still below the third quarter 1940 movement. Shipments of firearms and explosives were _yalued.at_$l6.SjniJlion,,metal-working machinery at $22.4 million, and manufactured foodstuffs at $14.3 million, all three groups registering a small increase over the previous month. Export of agricultural commodities declined slightly to $28 million. The import advance was mainly the result of an increased inflow of wool, copper, and several foodstuffs, notably sugar and coffee. Unmanufactured wool imports valued at $23 million, refined copper at $17 million, and tin at $16 million were the highest of recent years. Import of crude rubber declined rather substantially to $25 million in April from $35 million in March. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) FREIGHT- CARLOADINGS (THOUSANDS OF CARS) 1000 1941 ^ 1939 *" \ (THOUSANDS OF CARS) 6 3.6 5 ^1940 J 3.0 150 140 130 120 110 100 90 COMMERCIAL LOANS F.H.A. HOME MORTGAGES (BILLIONS OF DOLLARS) (NUMBER SELECTED FOR APPRAISAL ON HOMESTOBE BUiT V r ^^1939 J94f 4 3 1939 I , , i , 2 INDUSTRIAL PRODUCTION EXPORTS OF U.S. MERCHANDISE (MILLIONS OF OOLLARS> (SEASONALLY ADJUSTED 1935-39* 100) 500 UONtHiX DATA 80 . MISCELLANEOUS CAR LOADINGS 7 A t (DAILY AVERAGE - THOUSANDS OF TONS) (MILLIONS OF BARRELS-DAILY AVERAGE) 3.4 , (THOUSANDS OF VEHICLESJ 3.8 3.2 1 , BITUMINOUS COAL PRODUCTION CRUDE OIL RUNS-TO-STILLS 4.0 , AUTOMOBILE PRODUCTION / f y .. i , . i . , i . . 1938 323932-41 1939 1940 1941 (938 1939 1940 1941 WEEKLY BUSINESS INDICATORS • [Weekly average, 1923-25=100, except as Indicated] June June May May May June June June Juno 17 10 24 17 15 8 Business activity:! New York Times§ Barrons' Business "Week Commodity prices, wholesale: Dept. of Labor: Combined index, 1926=100— Farm products.. _ Food _ All other „.28 basic commodities© Fisher's index, 1926=100: Combined index Copper, electrolytict Cotton, middling, spot Construction contracts^ Distribution: Carloadingrs Department store sales A Employment, Detroit, factory. __ Finance: Bond yields}-— 128.0 129.3 128.4 127.8 108.6 106.5 95.8 95.5 3 . 6 1 3 3 3 1 1 0 2 108.6 92.3 89.7 148.7 148.3 146.3 143.5 123.2 119.0 99.6 99.1 85.9 79.6 81.5 88.4 145.7 144.0 85.2 77.3 79.2 88.2 142.9 85.0 77.3 79.5 87.7 143.6 84.6 76.3 79.7 87.3 143.6 77.4 66.8 70.2 82.4 77.4 75.4 66.7 62.0 70.5 82.4 80.6 75.6 62.7 67.3 80.6 79.3 93.4 92.8 92.4 91.7 83.0 82.7 85.5 85.5 85.5 85.6 85.5 81.9 81.9 7L0 71.0 41.2 39.0 36.4 36.8 53.7 51.5 50.0 50.0 63.6 92.6 120.8 73.0 89.5 84.2 90.9 90.4 74.8 73.7 66.5 66.1 98 105 127 108 117 110 107 120 123.8 102.1 89.3 123.8 58. ll 58.2 58.4 58.4 58.2 65.2 65.9 64.1 64.3 1939 1940 1941 1939 1940 1941 June June June - . June - -May - May . 24 May — - - June - 8 June 17 10 15 17 14 31 Finance— Continued* Stock prices! Banking: Debits, outside N. Y. C.t—Federal Reserve reporting member banks: Loans, total Inteiest rates: Call loans! TimeloansJ. Currency in circulation! Production: Automobiles Bituminous coalt Cotton consumption^ Electric powerd1 Lumber Petroleumt Steel ingots® _. Receipts, primary markets: Cotton. Wheat 87.1 90.2 88.0 99.8 101.5 90.9 88.3 86. S 87.6 111.8122.7 115.8 123.8 110.6 87.1106.7 83.6 92.4 81.9 81.8 80.4 79.6 67.8 67.5 64.8 64.9 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 28.6 193.7193.5 191.6 189.4 188.8 159.2 159.1 143.1143.8 171.3 170.0 135.3 169.9 93.5 103.8 102.5 179.6 176.4 142.8 137.3 141.4 50.7 44.7 57.8 189.3 187.7 187.1 173.5 174.5 173.5 175.7 161.9 99.4 173.1 140.0 56.7 187.6 174.5 119.1 121.5 83.0 75.9 77.9 62.4 61.8 122.2 123.5 117.1 115.3 125.1 50.7 189.2 145.1 122.0 109.9 109.3 49.6 48.2 48.1 1S9.3 170.9 167.5 137.7 91.2 93.1 55.0 42.3 54.6 73.5 58.8 26.9 21.9 30.4 87.0 110.1 104.7 114.3 77.3 28.1 38.8 83.0 26.5 77.0 • D a t a do not cover calendar weeks in all cases. ^Seasonally adjusted. JDaily average. <? Weekly average, 1935-39=100. §Computed n o r m a l " 100. Index revised beginning Jan. 8,1938; revised data not given in the issue for Jan. 23,1941, and subsequent issues will be shown later. . ®Index for week ended June 21 is 174.2. D a t a for 1941 are based on production of steel ingots and steel for castings. ©Thursday prices; August 1939=100. AWeekly 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 • 1941 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkt dol. per lb._ Cotton, middling, spot, New York. do Food index (Dun & Bradstreet) 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.ofdol.. Debits, outside New York City (140 cities) do.... Federal Reserve banks: Federal Reserve bank credit, total .do 17. 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, totalj... do U.S. Government direct obligations do Obligations fully guranteed by U. S. Government.... mil.ofdol.. Loans, total5 __ do. Commercial, industrial, and agricultural Ioans§ mil. of dol.~ Interest rates, call loansj .._ percent.. Interest rates, time loanst..do Exchange rates: Pound sterlingt -dollars.. Failures, commercial.. number.Currency in circulation^ mil. of doL. Security markets: Bond sales (N. >. 8. E.) thous. of dol, par value.. Bond yields (Moodp's) (120 bonds)J percent.. Stock sales (N. 1. S. E.) _ thous. of shares.Stock prices (N. >. Times)t dol. per share.. Stock prices (Standard and Poor's) (420)....1926=100 Industrials (350) do. Public utilities (40) do. Railroads (30) do. PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles! number.. Bituminous coalt thous. of short tons Electric powerA ~ .....mil. of kw.-hr Petroleum*... ____ _..thous. of bbl Steel ingots®... pet. of capacityConstruction contract awardsj__ thous. of dol Distribution: Freight-carloadings, total cars Coal and coke.. ___do Forest products ... dol " I Grains and grain products. —IdoIII" Livestock __ _do . . Merchandise, I. c. 1. ._. do. . Ore _ do.--. Miscellaneous _ _ — - „ _.do Receipts: Cattle and calvesf ...thousands Hogsf _ __do Cotton into sight -...._.-__.thous. of bales.. Wheat, at primary markets thous. of bu.. 1940 June 15 June 8 June 14 June 7 May 31 May 24 May 17 0.118 .146 2.97 3a 15 0.118 .140 2.96 38.15 0.118 .136 2.93 38.15 0.118 .136 2.95 38.15 0.118 .133 2.93 38.15 .92 0.113 .112 2.19 37.76 1939 June 17 June 10 0.113 .106 2.19 37.59 .80 0.098 .099 2.19 35.71' .72 .100 2.21 35.72 .75 1938 June 18 June 11 0.088 .084 2.37 .87 3,438 5,181 4,542 5,685 3,930 5,367 3,529 5,740 3,145 5,127 2,516 4,038 2,681 4,127 3,047 3,875 3,744 4,286 4,053 3,958 3,918 3,917 2,249 2,184 13,312 5,488 2,240 2,184 13,201 5,407 2,237 2,184 13,732 5,855 2,239 2,184 13,458 2,523 2,477 13,510 6,607 2,530 2,477 13,387 6,533 2,605 2,564 10,101 4,264 2,576 2,564 10,053 4,279 2,598 2,564 7,904 2,726 2,582 2,564 7,848 2,711 24,071 5,408 17,893 11,196 23,888 5,416 17,878 11,156 2,231 2,184 13,749 5,824 24,311 5,425 17,689 10,974 24,265 5,426 17,752 10,972 23,846 5,435 17,789 10,952 20,615 5,311 15,192 9,214 20,306 5,318 15,092 9,163 17,212 5,225 13,781 8,390 17,057 5,229 13,679 8,318 15,065 5,227 12,505 8,032 15,034 5,230 12,319 7,891 3,037 10,238 3,030 10,183 3,022 10,226 3,019 10,046 3,137 9,953 2,400 8,469 2,401 8,435 2,108 8,097 2,092 8,116 1,451 8,361 1,434 8,625 5,764 1.00 1.25 •4.032 230 9,406 5,706 .100 1.25 •4.032 218 9,394 5,673 1.00 1.25 -4.033 221 9,302 5,639 1.00 1.25 "4.031 270 9,197 5,604 1.00 1.25 •4.030 286 9,170 4,377 1.00 1.25 •3.720 245 7,732 4,368 1.00 1.25 •3.342 249 7,726 3,831 1.00 1.25 4.683 249 6,950 3,833 1.00 1.25 4.684 279 6,983 3,958 1.00 1.25 4.970 3,962 1.00 1.25 4.954 6,429 6,438 33,960 3.35 3,000 88.24 75.6 88.6 70.7 26.8 27,590 3.36 2,215 85.77 73.3 85.5 69.3 26.5 21,920 3.37 1,481 84.28 72.5 . 84.9 67.0 26.2 30,900 3.37 2,062 85.06 73.5 86.3 67.6 26.4 39,250 3.36 2,113 84.59 73.1 85.6 67.7 26.6 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 26,690 3.70 2,511 31,850 3.71 85.6 100.2 84.0 25.6 98.54 86.6 101.1 85.7 26.3 25,270 4.46 1,793 78.92 71.5 84.6 67.8 19.6 22,740 4.36 2,219 79.84 71.4 84.4 68.3 20.0 134,682 133,645 1,593 3,042 3,817 99.2 106,395 1,767 2,924 3,786 133,560 1,745 3,012 3,773 99.9 14,868 127,255 1,693 2,983 3,784 99.2 19,390 93,635 1,293 2,665 3,816 84.6 11,723 95,560 1,327 2,599 3,817 SO. 3 78,305 1,063 2,341 3,447 53.1 10,213 65,265 1,053 2,329 3,377 54.2 44,790 856 2,051 3,137 27.1 9,275 42,175 838 2,057 3,132 26.2 852,940 164,400 42,168 35,562 10,264 159, 712 78,522 362,312 SOI, 783 158,225 39,196 36,143 8,973 143,327 76,145 339,774 866,017 165,610 41,718 40,130 10,429 162,254 76,601 369,275 861,277 160,565 41,342 38,905 12,936 162,519 76,609 368,401 712,445 132,003 34,280 30,456 9,709 148,354 64,174 293,469 702,892 128,318 34,326 28,161 10,658 148,259 66,099 287,071 633,955 102,985 30,555 38,811 9,457 152,513 258,938 630,060 101,075 29,949 34,286 9,760 153,089 43,504 258,397 555,519 86,931 26,592 36,568 10,064 146,308 24,740 224,316 553,854 86,210 26,036 30,184 11.502 147,995 24,921 227,006 195 300 110 8,756 171 231 142 8,331 194 284 191 9t096 195 298 153 6,151 70 2 t 239 57 3,086 79 6,599 6,123 50 2,830 37 1,979 98.6 143 6,920 JDaily average. *Data do not cover calendar weeks in all cases. ^Source: Ward's Automotive Reports. §Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement. • Free rate. gRate for week ended June 21 is 99.0: data for 1941 are based on capacity Dec. 31,1940, of open-hearth, Bessemer, and electric ingots and steel for castings. tReceipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted. £>Data revised to include certain additional governmental and industrial power generation not heretofore reported. 0.088 !082 2.36 38.38 .78 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1939, together with explanatory notes and references to the sources of the data, may be found in the 1940 Supplement to the Survey COMMODITY PRICES Pages 11,12,13,15,130,132 Cost of living: National Industrial Conference Board: Combined indexf.1923=100Clothing _ do. Foodf. __ ___do. Fuel and light do Housing _ _ do. Sundries _ do. U. S. Department of Labor: Combined index* 1935-39=100.. Clothing* do Foodt do.... Fuel, electricity, and ice* do House furnishing* . do Rent*do Miscellaneous*, do Ketail prices: Fairchild's index: Combined index .Dec. 31, 1930=100-. Apparel: Infants' _ do. Men's. do. Women's —_ ___do. Home furnishings ..do. Piece goods do. Wholesale prices; U. S. Department of Labor indexes: Combined index.. _ 1926=100Econqmic classes: Finished products— do. Raw materials... .do Semimanufactures _ .do. Farm products do Commodities other than farm products* 1926=100. 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) do1 p e r l o n g t o n Steel: " Composite, finished steeL dol. perlb.. Steel billets, rerolling (Pittsburgh) dol. per long ton.. Structural steel (Pittsburgh)..-dol. per lb_. Steel scrap (Chicago) dol. per gross ton.. CONSTRUCTION AND REAL ESTATE Page 20 Construction cost indexes: American Appraisal Co.:t Average, 30 cities 1913=100. Atlanta _ do.... New York do San Francisco do St. Louis. ...do... Associated General Contractors (all types) 1913^100. DOMESTIC TRADE Pages 27, 28, 29 Retail trade: Chain-store sales, indexes: Variety-store sales, combined sales, 7 chains: Unadjusted _ 1935-39=100. Adjusted do.__ Department stores: Sales, total U. S., unadjusted.l923-25=100. Sales, total, U. S., adjusted do... FINANCE -" *" Pages 48, 52, 56, 71, 72, 76 Banking: Bank debits, total (141 cities)....mil. of dol., New York C i t y . . ...do... Outside New York City do... Savings deposits: Savings banks in New York State: Amount duo depositors mil. ofdoL Life 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.._ Security markets: Bonds: Prices: Average price of all listed bonds (N. Y S. E.) dollars. Domestic do.. Foreign. __ ...do... V. S. Treasury bondst do.., May 87.4 73.6 82.2 86.4 88.0 98.5 May 85.2 73.1 78.1 84.1 .86.7 97.0 June 85.5 73.1 79.1 84.2 86.8 97.0 July 85.7 73.1 78.4 84.5 86.8 98.2 August 85.4 73.0 77.4 84.8 86.9 98.1 100.5 101.7 98.3 98.6 100.1 104.6 100.6 102.9 102.7 102.1 101.0 102.9 105.8 102.6 1 ' October No v e m b e r " 85.7 73.1 78.2 85.3 87.0 98.1 85.5 73.1 77.4 85.9 87.4 98.1 85.5 73.1 77.2 86.3 87.5 98.1 85.9 73.0 78.3 86.5 87.5 98.1 86.0 73.0 78.7 86.4 87.6 98.1 86.1 73.1 78.8 86.4 87.7 98.2 73.2 79.2 86.4 87.7 98.3 86.9 73.3 81.0 86.4 87.8 98.3 100.4 101.6 97.2 99.3 100.3 104.7 101.4 100.2 101.6 96.2 99.9 100.4 104.7 101.6 100.1 101.6 95.9 100.3 100.6 104.7 101.7 100.7 101.6 97.3 100.7 100.4 104.9 101.8 100.8 100.7 97.8 100.8 100.1 105.0 101.9 100.8 100.4 97.9 100.6 100.4 105.1 101.9 101.2 102.1 98.4 100.7 101.6 105.1 101.9 102.2 102.3 100.6 100.9 102.2 105.4 102.2 94.2 94.5 94.8 95.5 97.6 89.3 93.0 95.8 87.3 97.6 89.3 93.3 96.0 87.6 97.6 89.4 93.6 96.5 87.8 97.6 89.5 93.9 97.7 86.8 ' I March April 96.3 92.8 92.9 92.9 92.9 93.2 93.5 93.7 97.7 89.7 94.3 96.9 88.9 91.8 94.6 86.0 97.0 89.1 92.0 94.5 86.0 96.9 89.1 92.1 94.6 86.0 97.0 89.1 92.2 94.6 86.0 97.3 89.1 91.8 95.0 86.7 97.3 97.7 89.3 91.6 95.6 86.8 84.9 78.4 77.5 77.7 77.4 78.0 78.7 79.6 80.0 80.8 80.6 81.5 83.2 87.1 79.7 86.4 76.4 81.3 72.0 78.3 67.9 80,5 70.7 77.9 66.2 70.7 77.8 66.5 81.0 69.8 77.0 65.6 81.5 70.5 77.6 66.2 82.1 71.4 79.4 66.4 . 82.6 72.6 80.7 68.2 82.8 73.6 80.7 83.5 74.6 81.3 71.6 83.5 74.0 81.6 70.3 84.2 75.3 83.4 71.6 85.5 77.5 85.1 74.4 86.6 79.5 80.5 71.4 79.8 70.3 80.0 70.3 79.9 70.1 80.4 71.5 81.9 72.5 82.1 73.5 82.7 73.7 82.7 73.5 83.6 75.2 85.0 77.9 89.3 92.1 95.3 86.7 97.6 89.3 92.5 95.7 87.0 87.4 82.5 82.2 82.3 82.0 82.3 81.3 71.1 83.5 84.1 84.1 84.3 84.4 84.9 85.9 23.50 24.15 22.50 23.15 22.50 23.15 22.50 23.15 22.50 23.15 22.50 23.15 22.50 23.15 22.50 23.15 22.90 23.15 23.50 23.95 23.50 23.95 23.50 24.00 23.50 24.15 25.89 .0265 24.89 .0265 24.89 .0265 24.89 .0265 24.89 .0265 24.89 .0265 24.89 .0265 24.89 .0265 25.29 .0265 25.89 .0265 25.89 .0265 25,89 .0265 25.89 .0265 34.00 .0210 18.75 34.00 .0210 16.88 34.00 .0210 18.19 34.00 .0210 17.35 34.00 .0210 18.03 34.00 .0210 19.22 34.00 .0210 19.75 34.00 .0210 20.06 34.00 .0210 20.60 34.00 .0210 20.00 34.00 .0210 19.25 34.00 .0210 19.88 34.00 .0210 18.95 215 214 231 196 218 202 191 220 184 208 202 191 220 184 208 202 192 220 184 209 202 192 220 184 209 206 195 225 190 212 208 198 227 191 214 208 198 228 191 214 212 202 230 194 217 212 208 231 194 216 212 209 231 194 216 212 209 231 194 216 213 213 230 196 216 195 187 188 188 189 189 191 192 193 193 194 195 P108.7 101.7 105.2 99.5 104.4 97.6 106.5 95.8 109.2 103. 108.1 108.0 109.7 225.2 110.3 80.5 109.9 92.1 116. 94.8 113. 114.4 114.7 77 105 97 101 94 112.9 109.7 114 100 179 101 79 101 81 103 93 103 '106 '104 * 106 "106 39,919 16,124 23,795 34,194 14,536 19,659 31,960 13,110 18,850 32,856 13,612 19,244 29,918 11,604 18,314 30,862 12,594 18,267 36,317 14,952 21,365 35,771 14,952 20,819 42,952 18,626 24,327 37,645 15,147 22,498 32,725 13,268 19,457 40,988 17,402 23,586 38,731 15,657 23,074 5,604 5,644 5,670 5,631 5,629 5,657 5,635 5,639 5,688 5,664 5,652 5,661 5,627 784 816 727 689 800 721 798 683 691 714 697 793 24 35 28 67 30 32 43 35 33 32 28 42 37 502 506 468 494 439 464 514 446 428 426 443 516 494 259 256 226 238 219 231 259 233 235 225 220 256 259 660,075 626,357 597,450 605,326 579,283 549,955 648,903 560,912 694,740 573,124 589,370 646,925 661,627 49,812 44,869 48,946 43,520 53,757 40,720 55,244 34,256 108,003 35,744 44,251 42,721 51,096 151,391 141,921 128,232 124,192 123, 111 127,974 146,465 134,859 142,371 126,458 136,166 148,978 147,462 458,872 439,667 420,272 437,614 402,415 381,261 447,194 391,797 444,366 410,922 408,953 455,226 463,069 812 94.22 98.08 47.67 111.4 87.87 92.47 38.38 104.9 90.14 94.93 39.09 104.8 90.96 95.62 40.64 106.3 91.33 95.72 43.28 106.7 92.08 96.56 43.07 107.7 92.84 97.03 44.86 108.8 93.58 97.78 45.60 110.7 93.84 98.10 45.07 111.8 93.05 97.16 45.81 110.4 92.72 96.82 45.47 108.8 93.73 97.73 46.28 110.1 94.32 98.25 47.01 110.8 *New series. Earlier data for the Depaxtnient of Labor's cost of living series appear in table 19, p . 18 of the May 1941 Survey. For Department of Labor's index of prices For the Department of Labor's revised Index of retail food prices beginning 1913, see table 51, p. ]» or tne jNovemoer IVW ourvey. anvi^u muwra m ^ " w " ^ 0 ™ ' ^ beginning 1913 are available in table 44, p. 13 of the November 1940 Survey. Revised indexes of variety store sales beginning 1929 appear in table 30, p . 10 of the August 1940 Survey. For revisions in adjusted index of department-store sales for 1935-39, see note marked with a " t " on p . 25 of the January 1941 Survey. U. S. Treasury bond prices revised beginning 1931, see table 55, p. 17 of the December 1940 Survey. # 4 0 companies through 1940 and 39 companies in 1941 having 82 percent of total life Insurance outstanding in all XJ. S. legal reserve companies. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1939, together with explanatory notes and references to the sources of the data, may be found in the 1940 Supplement to the Survey 1940 1941 May FINANCE-Continued Security markets—Continued. Bonds—Continued. Value, issues listed on N. Y. S. E.: Face value, all issues mil. of dol 55,534 Domestic issues do.. 51,278 Foreign issues. do 4,255 Market value, all issues. _ do 52,322 Domestic issues .do 50,293 Foreign issues.do 2,029 Yields: 1.92 U. S. Treasury bonds percent.. Stocks: Shares listed, N. Y. S. E.: Market value, all listed shares mil. ofdoL. 37,815 1,463 Number of shares listed. millions.. FOODSTUFFS AND TOBACCO Pages 101,102,110, 111, 112,114,115 Stocks, cold storage, end of month: Butter, creamery .thous. of lb._ 66,359 Cheese, total.... _ do. 119,628 Eggs: Shells thous. of cases.. 5,377 Frozen thous. of lb_. 141,103 Fish, total (15th of month) ___do 41,435 Total meats mil. of lb__ 1,314 Beef and veal thous. of lb._ 77,501 Pork, total _ d o . . . . 1,155,334 Fresh and cured. __ do 794,582 Lard do 360,752 Lamb and mutton... do 4,129 Poultry.... do.. 87,427 Livestock: Cattle and calves: Receipts, principal markets Thous. of animals. . 1,647 Disposition: Local slaughter .do 1,013 Shipments, total do 624 Hogs: 2,564 Receipts, principal markets _.do Disposition: Local slaughter, j _ do 1,974 Shipments, total do 587 Sheep and lambs: Receipts, principal markets.. do 1,928 Disposition: Local slaughter _____ do 1,079 Shipments, total _ .do. 853 FUELS AND BYPRODUCTS ,Coal. Pages 116,117,118 Anthracite: Production... .__thous. of short tons 3,858 Bituminous: Production _ do. 43,400 Coke, beehive: Production _ do. 548 LEATHER AND PRODUCTS Pa 123 Leather: ^ Production; Calf and kip _ thous. of skins.. Cattle hides. thous. of hides,. Goat and kid thous. of skins.. Sheep and lamb t do. METALS AND MANUFACTURES Pages 130,132,137 Pig iron and iron manufactures: Pig iron: Furnaces in blast, end of month: Capacityf_ — s h o r t tons per day.. 151,000 Number 206 Production! thous. of short tons.. 4,600 Steel ingots and steel for castings:! Production._ thous. of short tons 7,102 Percent of capacity Nonferrous metals: Zinc: Production, slab, at primary smelters short tons.. 64,657 Retorts in operation, end of mo number.. 65,540 Shipments, total short tons.. 63,638 Stocks, refinery, end of mo do 8,305 TEXTILE PRODUCTS Pages 153,157 Cotton: Consumption.,. ___ bales.. 918,902 Exports (excluding llnters)...thous. of bales.. 72 Imports (excluding linters) do 31 Wool: Receipts at Boston, total. thous. of lb._ 80,360 Domestic. do. 29,177 Foreign. ___„__... do. 51,184 8 8 May June July August 53,414 4S, 879 4,535 46,937 45,197 1,740 52,879 48,347 4,532 47,666 45,894 53,914 1,771 53,431 48,903 4,528 48,602 46,762 1,840 4,515 49,239 47,285 1,954 2.38 2.39 2.28 36,547 1,447 38,775 1,450 39,992 1,454 1941 '- October N^vem- 53,913 49,400 4,514 49,643 54,329 49,966 4,363 50,438 48, 481 1,944 2.25 40,706 1,454 ^ March 54,139 54,225 49, 799 49,891 4,334 4,340 50, 374] 50,277 48,307 1,971 1,988_ April 54,169 49,820 1,957 54,237 49,877 4,360 50, 756 48,708 1,988 2.18 2.10 1.97 1.89 1.99 41,492 1,453 42,674 1,453 41,848 1,457 41,891 1,455 40,280 1,455 25,463 ••88,102 81,005 123,628 134,266 128,087 105,106 114,362 138,049 148,173 149,309 143,633 67,598 136,574 41,497 5,980 123,793 33,756 1,010 53,193 876,512 592,575 283,937 3,463 76,904 7,513 150,366 45,473 1,034 45,972 905,296 598,522 306,774 3,254 82,336 7,784 154,947 62,062 974 42,004 851,896 548,688 303,208 3,342 82,415 7,241 145,653 76,479 796 35,663 689,854 417,564 272,290 3,192 82,178 1,969 91,273 95,531 788 71,508 646,492 408,900 237,592 4,427 159,110 614 73,326 100,088 1,164 106,990 950,238 656,169 294,069 5,119 208,365 297 53,828 86,880 1,258 108,622 1,046,817 739,927 306,890 4,699 191,410 1,576 1,462 1,737 1,785 2,175 2,427 1,868 1,604 1,600 1,313 1,503 1,593 936 631 858 594 991 723 939 833 1,033 1,083 1,110 1,324 977 892 976 624 964 623 828 475 923 544 955 637 4,144 6,040 130,787 111,815 86,321 94,006 632 662 48,245 564,904 526,878 329,214 303,712 235,690 223,166 3,817 3,411 90,842 114,257 50,831 48,871 1,961 55,746 61,419 4,328 52,252 50,249 2,003 55,678 51,416 4,262 52,518 50,515 2,003 2.10 2.01 1.96 1,455 1,457 37,711 1,463 29,715 16,462 125,308 119,381 ' 17,795 109,893 ••108,335 307 ••3,031 1,090 45,239 63,428 '99,531 35,568 71,458 '49,805 '1,294 1,310 1,282 98,444 90,373 '85,563 1,118,552 1,104,072 '1,123,574 791,910 785,387 '795,876 326,642 318,686 '327,698 4,448 4,378 '4,718 163,321 126,904 101,129 2,674 2,650 2,259 2,177 2,302 3,113 3,595 3,787 3,039 2,513 2,649 2,610 2,005 666 1,927 718 1,598 649 1,497 677 1,692 601 2,371 730 2,682 905 2,823 960 2,148 881 1,817 696 1,941 700 1,981 623 2,002 1,687 1,894 2,068 2,523 2,737 1,776 1,597 1,721 1,416 L520 1,618 1,077 917 915 779 972 921 876 1,188 954 1,530 1,085 908 917 688 997 718 850 568 632 972 648 4,977 4,432 4,595 '3,198 40,012 41,400 44,070 41,695 48,250 '5,975 463 514 496 586 964 2,054 3,098 3,320 994 2,182 2,953 3,494 •"1,014 ••2,120 ••3,064 ' 3,797 ' 1,151 ' 2,155 ••3,417 ••3,724 4,367 4,408 3,775 4,056 4,234 32,400 35,890 39,010 38,650 38,700 •"112 151 231 278 272 363 993 1,590 3,259 3,357 1,452 3,087 2,880 953 1,534 3,077 2,873 1,739 3,030 3,261 844 1,597 2,830 3,050 1,977 3,098 3,643 131,360 131,760 187 182 4,054 3,819 137,500 190 4,238 3,957 119,905 172 3,514 140,620 144,290 148,000 146,770 162,040 148,555 202 202 205 201 196 193 4,648 4,198 4,403 4,664 4,446 4,177 4,968 72 5,657 84 5,725 6,186 89 6,056 91 51,457 48,213 46,577 53,935 66,907 52,098 47,545 57,606 61,399 51,010 50,715 64,065 48,344 52,869 53,164 67,650 33,563 57,224 72,629 641,636 226 14 31,759 25,214 6,544 912 1,941 2,672 3,411 56,372 53,979 65,713 24,222 6,469 97 6,495 94 56,459 55,288 62,295 18,386 59,853 55,288 65,385 12,884 6,929 97 6,238 97 52,905 44,472 8,433 30,278 22,540 7,738 29,961 22,912 7,049 47,060 30,393 16,667 36,123 16,328 19,795 49,597 6,298 43,299 152,760 140,310 195 205 4,334 4,704 7,132 100 6,758 98 '63,210 60,414 ••56,227 61,224 58,000 59,688 63,272 ••59,168 ' 63,425 '62,974 10,026 '7,085 ••7,050 ' 7 , 2 8 6 565,416 622,723 654,503 639,252 770,702 744,088 775,472 843,274 793,626 61 107 194 134 52 145 91 65 137 14 12 10 12 16 4 10 18 44,896 41,790 3,106 1,142 2,192 3,674 4,062 60,365 4,633 45,732 61,809 4,129 47,680 854,179 97 28 920,142 19 ' 49,410 ' 76,210 7,151 13,655 '42,259 '62,555 ' Revised. •Data for April are the latest available. tRevised series. Data on pig iron converted from a long to a short tonnage basis; data for production beginning 1913 are shown in table 38, p. 14, of the October 1940 Survey. Steel production and percent of capacity revised completely; see table 9, p. 16, of the March 1941 Survey. JData include fleshere apd exclude skivers. U. I-GOVERNMENT PR1KTIKG OFFICCt I t 4 l
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