View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, OCTOBER 10, 1940
SUMMARY OF BUSINESS TRENDS
"C^XCEPT for department-store sales, major indexes of business
XL activity pressed upward. The erratic changes in department-store sales in the one week ended September 28 cannot be
judged significant, as consumer purchasing power remains at a
high level. In production no abatement in activity was evident in the last week of the month. Automobile output rose
above 20,000 units daily; bituminous coal production was up;
electric power output reached a new high; lumber was higher.
Steel-ingot production advanced last week and is currently
scheduled at 94.2 percent of capacity—a mark surpassed only
once last fall. Heavy shipments of coal in the final period in
September raised, freight carloadings, and though the gain for the
week was smaller than in the corresponding week last year, the
total for the month bettered the 1939 figure.
During the week the average price of the 28 commodities in
the Bureau of Labor Statistics' spot commodity index held relatively stable. Only domestic agricultural commodities showed
any definite tendency to advance—about 1 percent in the week.
Raw industrial commodities fluctuated upward but closed the
week unchanged. Metal prices were firm but did not rise, though
sales in principal markets were heavy. Substantially above the

August totals, copper and zinc sales exceeded tlTe" High's bf i&St
September by a considerable margin. The 9-weKiflj^£SeA[iJ
steel scrap prices slowed during the week as the Iron Age composite prices advanced only slightly to $20.62.
Accompanying moderately heavier trading in the past week,
stock and bond prices recovered from the minor setback of the
preceding week. By the end of the week industrial stocks and
bonds moved into the highest ground in the Dow-Jones averages
since the slump in May. Railroad stocks moved in a parallel
fashion, but utility shares have remained relatively unchanged
since early July.
The decline in the total volume of construction contract awards
so far as data are available for September is entirely the result of a
slackening in the public works and utility fields—particularly the
publicly-financed component. Residential contract awards
again registered a more-than-seasonal gain through the middle of
the month, and F. H. A. mortgages selected for appraisal were
running ahead of August at the month-end. Nonresidential
construction declined less than seasonally, according to partmonth data.

SELECTED BUSINESS INDICATORS
FREIGHT CAR LOADINGS

ELECTRIC POWER PRODUCTION

STEEL INGOT PRODUCTION

(BILUOMS

(PERCENT OF CAPACITY)

OF KILOWATT

(THOUSANDS OF CARS)

HOURS)

1939-

fti^

K,\

AUTOMOBILE PRODUCTION

I.

**

I—L.

A\

ri
,

T

1

i

COMMERCIAL LOANS

BITUMINOUS COAL PRODUCTION

(THOUSANDS OF V E H I C L E S )

/94O

(BILLIONS

(DAILY AVERA6E - THOUSANDS OF TONS)

OF

DOLLARS)

5.2
4.8
4.4
/93d - ^

4.0

/W3 -

3.6
t

'CRUDE'OIL RUNS-TO"-STILLS
3.8

/UA

3.6

.

,

1

.

,

1

,

,

3.2
FtCAT-HOMC^ MORTGAGED

MISCELLANEOUS CAR LOADINGS"
(THOUSANDS

(MILLIONS OF BARRELS-DAILY AVERAGE)

Of*

(NUMBER SOECTEOjqrtAPraA'SAL ON HOMES J O

CARS)

BE B U I L T ) _

A rA

3.4
3$

f

VJ\A A

3.2
3.0
i

2.8 i/VJ

.

PRICES OF 350 INDUSTRIAL STOCKS

PRICE INDEX OF 28 BASIC COMMODITIES

(INDEX, 1926 ' 100)

(AUG. 1939 = IOO)

160
140

100

1937

1938

264959-40




1939

1940

1937

1938

1939

1940

WEEKLY BUSINESS INDICATORS*
[Weekly average, 1923-25=100]

Business activity:!
New York1 Times
Barron'sd Business Week
C o m m o d i t y prices, wholesale:
D e p t . of Labor,:1926=100:
:
C o m b i n e d index (813)_
F a r m products (67)
Pood (122)..__
All other (624)._
_.
Fisher's index, 1926=100:
C o m b i n e d index (131).
Copper, electrolytict
Cotton, middling, spot
--

30

30

14

Finance—Continued.
Banking:
Debits, outside N. Y. C.*.... 108.0 92.5 105.3 90.9 96.5 102.7 89.1 95.1 77.6
Federal Reserve reporting
member banks:
70.3 69.5
Loans, total
67.0 66.8 65.9 65.9
69.3
Interest rates:
Call loansf.
. . . . . . 24. 24.: 24.2 24.2 24.2 24.2 24.2 24.2 24.2
Time loanst
-- 2S.6 28.6 28.6 28.6 28.6 28.6 28.6 2S.6 8.6
168.5 167.0 166.6 166.6 166.6 150.7 149.6 137.0 135.9
Currency in circulation^
Production:
133. 122.1 100.2 80.4 50.4 96. S 81.9 42.2 32.3
Automobiles
99.4 91.0 S9.1 92.9 102.3
. Bituminous coalt
79.7 79.3
132.3 130.4 133.2 132.3 132.7 102.4 102.9
Cotton consumption!
160.3 157.8 158.4 147.8 148.0 148.3 129.3 128.4
Electric powerf
64.5 59.0 57.4 47.4 54.1 59.8 51.3 56.1
Lumber
188.4 179.6 180.9 179. 7 170.4 181.4 161.1 160.3
Petroleumt.
_._
Steel ingots©.
__
_ 158.8 158.6 159.3 157.6 141. 5 150.3 143.9 80.9 78.8
Receipts, primary markets:
81.0 96.5 96.5 98.6 91.0
86.0 91.5
Cattle and calves
..
43.6 41.9 38.5 33.0 43.8 49.2 41.3
48.
Hogs
..
153.8 139.2 112.3 82.7 72.3 266.9 257.3 225.0 233.8
Cotton
66.2 97.8 121. 7143, 1.9 127.2 77.7 83.7 97.2 87.9
Wheat

108.6 108.5 107.2 106.1 102.5 102.0 84.9 84.1
114.0 112.6 111.9 111.4 107.5 105.7 84.2 80.5
133.3 131.6 129.3 120.5 119.3 94.8 92.5

77.7
65.7
70.8
82.6

77.7
65.7
71.1
82.5

77.9
66.8
71.3
82.5

78.0
67.6
71.6
82.3

79.0
66.8
72.9
83.7

79.5
69.3
74.4
83.3

77.8
67.4
73.7
81.5

.78.0
68.1
74.1
81.6

82.4 82.1 81.9 81.8 82.0 82.7 83.6 80.5 80.4
'85.5 82.6 80.4 81.2 78.3 85.5 85.5 73.9 -73.9
31.3 30.5
36.4 36.4 36.4 36.0 36.4 33.8 34.

Construction contracts}
Distribution: Carloadings
Employment, Detroit, factory

1938

Oct. Sept. Sept. Sept. Sept, Oct. Sept, Oct. Oct.

Oct. Sept. Sept. Sept. Sept. Oct Sept. Oct. Oct.
21

1939

1940

1938

1939

1940

84.1
96.8
97.4
85.4 84.4 73.0 87.6 87.1 73.8 73.2
107.1
72.1
102.2

Finance:
60.8 61.0 61.0 67.9 68.8 70.7 73.1
Bond yields*--60. 60.5 98.7
97.3 99.6 113.1 115.3 106.9 9S.1
Stock pricest
_.
10LS 100.6
•Data do not cover calendar weeks in all cases.
^Computed normal=100.
JDaily average.
fWeekly average, 1928-30-100.
^Seasonably adjusted.
©Index for week ended Oct. 12 is 161.6.
d"For description of these indexes, see p. 4 of the Dec. 16,1937 issue.

WEEKLY BUSINESS STATISTICS*

Oct. 5

Sept. 7

A u g . 31

Oct. 7

1937

193S

1939

1940

Sept. 30

Oct. 8

Oct. 1

Sept. 28

Sept. 21

Sept. 14

0.118
.099
2.31
38.05
.79

0.114
.099
2.31
37.98
.77

0.111
.099
2.31
37.96
.76

0.112
.098
2.31
37.94
.74

0.108
.099
2.32
37.81
.75

0.108
.099
2.29
37.78
.70

0.118
.092
2.41
37.74
.82

0.118
.093
2.46
37.44
.85

0.102
.085
2.42
36.61
.64

0.102
.033
2.43
36.58
.67

0.122
.081
2.86
39.73
1.07

3,916
5,008

3,112
4,292

2,783
4,217

2,442
3,731

2,253
3,072

3,599
4,761

3,045
4,136

3,722
4,409

2,561
3,599

3,865
4,839

2,482
2,424
13;800
6,721

2,472
2,434
13, 703
6,645

. 3,111
4,884
2,495
2,434
13,624
6,531

2,485
2,434
13,596
6,541

2,490
2,434
13,524
6,494

2,480
2,442
13,516
6,487

2,837
2,785
11, 672
5,359

2,846
2,804
11,621
5,332

2,593
2,564
8,321
3,019

2,597
2,564
8,197

2,583
2,526
7,003
1,090

21,152
5,359
15,544
0,280

21,080
5,352
15,477
9,203

20,984
5,355
15,592
9,305

21,070
5,360
15,629
9,377

20,901
5,358
15,622
9,373

21,053
5,340
15,648
9,387

18,306
5,236
14,123
8,503

18,333
5,231
14,069
8,437

15,396
5,175
12,949
8,055

15,508
5,180
12,999
8,111

14,628
5,258
12,003
7,911

2,582
g,785

2,576
8,689

2,583

2,587
8,665

2,584
8,566

2,582
8,509

2,240
8,375

2,232
8,350

1,679
8,240

1,675
8,241

1,131
9,972

4,630
1.00
1.25

4,575
1.00
1.25

4,578
1.00
1.25

4,571
1.00
1.25

4,480
1.00
1.25

4,463
1.00
1.25

4,251
1.00
1.25

4,229
1.00
1.25

1.00
1.25

3,891
1.00
1.25

4,828
1.00
1.25

* 4.036
252
8,182

• 4.037
258
8,109

<• 4.032
249
8,090

* 4.032
177
8,090

«4.026
229
8,029

4.027
279
7,316

4.010
264
7,265

4.795

4.769

4.954

6,651

6,599

6,582

41,780
3.48
3,427
98.85
82.3
95.7
80.3
27.9

37,230
3.49
3.503
97.68
82.2
95.5
81.0
27.3

* 4.035
216
8,090
31,310
3.51
2,280
95.89
80.7
93.4

28,950
3.52
3,507
96.75
81.2
93.8
81.6
27.5

19,150
3.55
1

* 80.7
26.9

23,090
3.52
2,247
94.49
79.6
91.9
80.8
26.2

44,870
3.92
5,634
109.88
93.9
110.9
84.9
32.5

80,040
3.97
8,825
111.98
95.8
113.3
85.2
34.4

51,320
4.08
9,674
103.77
92.2
111.4
76.6
28.6

43,160
4.22
7,643
95.29
82.6
100.0
69.6
25.4

41,890
4.04
6,924
107.25
95.4
112.3
83.5
37.9

105,153

95,990
1,692
2,670
3,800
92.5

78,820
1,550
2,629
3,621
92.9

63,240
1,517
2,639
3,647
91.9

39,665
1,582
2,463
3,624
82.5

27,645
1,517
2,601
3,501
91.3
16,078

76,095
1,743
2,465
3,436
87.5

64,365
1,702
2,470
3,658
83.8
13,498

33,165
1,357
2,154
3,249
47.9

25,405
1,350
2,139
3,232
46.7
15,541

76,958
1,617
2,280
3,579
66.1

822,434
170,174
40,G6S
39,392
17,517
158,034
67,215
329,434

813 329
155,585
41,022
40,943
18,592
157,201
68,397
331,589

804,309
151,307
40,434
42,494
17,379
156,442
73,645
322,608

695,258
128,257
34.457
36,775
15,863
134,181
69,478
276,247

768,821
150,069
38,637
37,333
16,168
153,660
69,290
303,664

834, 694
182,986
36,824
41,182
20,811
159; 822
62,125
330,944

829,696
175,407
37,116
45,370
20,252
162,404
60,400
328,747

702,616
140,450
31,797
42,495
19,565
161,564
28,515
278,230

137,907
32,405
41,581
17,205
157,991
29,182
280,637

812, 25S
166,777
33.836
35,456
20,531
173,516
58,495
323,647

272
316
362
_ 7 779

283
292
9,682

282
272
215
11,446

256
250
18S
10,115

286
.277
139
13,582

305
214
694
6,182

305
284
669
6,655

312
319
585
7,731

288
268
608
6,992

356
247
852
6,829

Oct. 9

COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New YorkJ
dol. per lb__
Cotton, middling, spot, New York
do
Food index (Bradstreefs)
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:
Reserve bank credit, total...
do
XT. S. Government securities
do
Member bank reserve balances
do
Excess reserves, estimated
_,_...do
Federal Reserve reporting member banks:
Deposits, demand, adjusted
do
Deposits, t i m e . . . .
do
Investments, total |
_
do
U. S. Government direct obligations
do
Obligations fully guaranteed by U. S. Government... _
.mil. of dol..
Loans, total§_do....
Commercial, industrial, and agricultural loans§
mil. of dol..
Interest rates, call loanst
percent..
Interest rates, time loanst.__
_.do
Exchange rates: Pound sterlingt
dollars..
Failures, commercial
:
number..
Currency in circulationt—
mil. of dol.Security markets:
Bond sales (N. Y. S. E.)
thous. of dol. par valueBond yields (Moody's) (120 bonds)?
percentStock sales (iV. Y. S. E.)
thous. of shares..
Stock prices (AT. Y. Times)t
:...dol. per share..
Stock prices (Standard Statistics) (420)
I n d u s t r i a l s (3.50)
P u b l i c utilities (40)
Railroads (30)

1926«1OO..
do
do.
do.

PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles^
_
number..
Bituminous coalt
.
thous. of short tons..
Electric power
mil. of kw.-hr..
Petroleumt.
thous. of bbL.
Steel ingots®...
._
pet. of capacity..
Construction-contract awardstthous. of doL.
Distribution:
Freight-car loadings, total
_
cars..
Coal and coke
do
Forest products
do
Grains and grain products..
....do
Livestock
__
..do
Merchandise, 1. c. 1
....
do
Ore
_
_
do
Miscellaneous
do
Receipts:
Cattle and calves
thousands.
Hogs
_
do...
Cotton into sight
thous. of bales..
Wheat, at primary markets
...thous. of b u . .

15,645

400
5,265

78.3
90.2
80.3
25.4

® Rate for week ended Oct. 12 is 94.2.
tDaily average.
«Data do not cover calendar weeks in all eases.
^Source: Ward's Automotive Reports.
• Free, rate.
iData for 1939 ?nd 1940 not strictly comparable with data for earlier years; see note on corresponding data shown, on p. 51 of ^he 1940 Supplement.




MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
FebruSeptem- Septem- October Novem- Decemranuary
ary
ber
ber
ber
ber
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; 30
Retail trade:
Chain-store sales:
Variety-store sales:
S. H.Kress & Co.:
Sales
thous. of doLStores operated
number.McCrory Stores Corp.:
Sales
thous. of doLG. C. Murphy Co.:
- Sales.-. _ _ _-. _-••_" _ ,-_v_-—_-.-—- -_•-; - do.
Stores operated..
___
number,F.-W. Wool worth Co.:
Sales
thous. of doL.
Stores operated
numberOther chains:
W. T. Grant & Co.:
Sales
thous. of dol.~
Stores operated
number-Mail-order and store sales:
Montgomery Ward & Co
thous. of doL.
Sears, Roebuck & Co
do.jEMPLOYMENT CONDITIONS AND
WAGES
Pages 39, 44
Labor conditions:
National Industrial Conference Board (25
industries):
Average weekly hours per worker in factories
—
^hoursWages:
National Industrial Conference Board (25
industries):
Factory average weekly earnings.-dollarsFactory average hourly earnings
do—
FINANCE
Pages 49, 58, 61, 68, 69, 74
Banking:
Federal Reserve banks, condition, end of
month:
Assets (resources), total
mil. of doL
Reserve bank credit outstanding, totaL
mil. of dol.
Bills bought
_
do._Bills discounted
do...
United States securities
do_-~
Reserves, total
_
....do--Gold certificates.
do..Liabilities, total
_
^
.do-.
Deposits, total
do._,
Member bank reserve balances, total
mil. of dol.
Excess reserves .(estimated)
do—
Federal Reserve notes in circulation
mil. of dol.
Reserye ratio
percent.
Monetary"statistics: T
'
'"" l
Foreign exchange rates:
Argentina
_
dol. per paper peso..
Belgium
_
dol. per belga..
Canada
_
dol. per Canadian dol._
France
dol. per f r a n c .
Germany..
dol. per reichsmark-.
Netherlands
_
— d o l . per guilder..
Sweden.
.__
- . . . d o l . per krona..
United Kingdom
dol. per £__
Public finance (Federal):
Debt, gross, end of mo
mil. of d o L .
Public issues:
Interest bearing...
_
do
Noninterest bearing
do
Special issues to govt. agencies and trust
funds
..mil. of d o L .
Receipts, customs
. . t h o u s . of d o L .
Capital flotations:
Securities issued by type of security, total
thous. of d o l . .
N e w capital, t o t a l s
do
Refunding, total.
do
Securities issued by type of corporate borrower, total
thous. of d o L .
New capital, total
do
Industrial.
do
Public utilities...
..do
Refunding, total
1
do
Industrial
..do
Public utilities
—
do

97
104
76
111
73
77
114
118
95

102
76
107
73
83
117
117

97
108
74
112
73
77
112
128
94

6,839
239

240

240

March

April

May

June

July

August

118
65
87
101
96
104

99
91
85
119
66
90
103
117
113

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

95
81
81
104
104
83
102
134
100

95
88
80
105
89
78
110
98
98

90
77
109
79
76
110
112
107

7,295

15,232
240

5,300
240

6,897
239

6,401
239

6,838

239

6,310
239

6,514
239

6,691
239

97
117
75
117
66
79
107
123

3,377

3,354

3,431

3,622

7,655

2,767

2,998

3,246

3,507

3,611

3,334

3,626

3,923
202

3,789
'200

4,090
202

4,219
202

8,163
202

—3,083
202

4,069
202

-3,585
203

4,300
203

4,398
202

3,966
202

4,370
202

25,197
2,021

25,810
2,015

26,630
2,018

26,948
2,019

52,333
2,020

20,512
2,017

3,134
202
22,117
2,015

27,545
2,016

23,774
2,014

26,067
2,015

26,020
2,015

24,507
2,013

26,828
2,014

8,276
493

8,235
495

8,733
495

9,316
494

18,868
491

5,931
492

6,109
492

8,101
492

7,620
492

8,787

8,911
492

492

8,750
493

45,972
65,650

44,743
62,751

54,945
67,246

47,764
60,330

66.020
82,427

29,984
40,548

30,530
40,836

38,842
50,899

45,856
56,372

45,905
65,978

43,104
63,313

37,213
51,352

42,692
58,820

38.2

39.0

39.1

39.1

38.7

38.0

37.7

37.6

37.5

38.0

38.1

38.5

27.58
.722

28.24
.724

28.49
.727

28.49
.729

28.09
.727

27.61
.728

27.61
.731

27.66
.734

27.67
.737

.740

28.16
.740

28.58
.741

22,440

18,602

18,779

18,740

19,027

19,223

19,497

19,677

20,042

20,585

21,408

21,801

22,176

2,485
0
5
2,434
19.272
18,940
22,440
16,063

2,879
1
6
2,804
15,013
14,679
18,602
12,953

2,801
0
6
2,736
15,178
14,838
18,779
12,988

2,650
0
8
2,552
15,295
14,976
18,740
12,865

0
7
2,484
15,524
15,209
19,027
12,941

2,503
0
7
2,477
15,975
15,561
19,223
13,422

2,547
0
7
2,477
16,181
15,813
19,497
13,630

2,529
0
4
2,475
16,451
16,076
19,677
13,815

2,518
0
3
2,467
16,809
16,428
20,042
14,152

2,519
0
3
2,477
17,346
16,994
20,585
14,575

2,531
0
2
2,466
18,120
17,754
21,408
15,213

2,484
0
4
2,448
18,579
18,202
21,801
15,575

2,515
0
4
2,436
18,959
18,618
22,176
15,867

13,727
6,655

11,655
5,352

11,973
5,553

11,628
5,160

11,653
5,209

12,150
5,559

12,328
5,692

12,919
6,149

13,237
6,385

13,781
6,857

13,498
'6,514

13,541
6,487

5,450
89.6

4,720
85.0

4,773
85.5

4,862
86.3

4,959
86.7

4,832
87.5

4,872
87A

12,423
5,828
4,931
87.8

4,941
88.0

5,057
88.4

5,199
88.8

5,248
89.2

5,370
89.3

0)

1.298
.167
.893
.023
.401
.531
.238
4.011

.298
.165
.878
.022
.401
.531
.238
3.925

.298
.166
.876
.022
.401
.531
.238
3.930

.168
.880
.022
.401
.532
.238
3.964

.298
.169
.867
.022
.401
.531
.238
3.963

.298
.170
.829
.021
.401
.531
.238
3.759

.298
.169
.842
.020
.401
.531
.237
3.526

2.298
J.167
.810
.019
.400
'.531
.238
3.274

.298
3
)

.238
4.034

.170
.913
.023
.399
.532
.238
3.995

.298
(3)
.869
(3)
.400
(3)
.238
3.979

44,073

40,861

41,040

41,310

41,961

42,128

42,375

42,559

42,663

42,810

'42,971

38,417
593

36,282
516

36,421
510

36,517
... 499

37,234
496

37,364
509

37,493
526

37,531
557

37,671
555

r 37,605
591

5,063
22,627

4,063
35,595

4,109
32,418

4,295
29,049

4,231
27,814

4,256
35,788

4,356
25,651

4,471
28,702

37,625
541
4,496
26,479

4,585
26,251

4,775
28,101

225,439
110,687
114,752

180,018
41,669
138,348

742,711
338,340
404,370

218,420
88,920
129,500

335,061
98,421
236,640

130,471
68,006
17,544
18,521
62,465
7,275
43,300

95,214
16,019
1,099

177,771
20,297
6,057
1,505
157,474
3,443
147,052

112,475
21,640
7,658
2,185
90,835
12,000
76,840

.298
.855
.399

125

79,195
600
23,965

a
'Revised.
Data for August are the latest available.
Quotations not available Aug. 25-Qct. 16.




1940

.238
3.602

%
3.805

43,905
43,771
38,333
584
4,853
25,225

38,383
4,934
23,630

286,809 450,801 240,633 344,896 250,144
94,251 103,959 71,213 117,609 122,111
192,559 346,842 169,419 227,287 128,033

226,45' 690,209 281,469
81,861 396,071 129,104
144,596 294,138 152,365

256,246 134,327 246,279 171,94'
45,404 30,527 53,925 89,287
6,094
5,249 . 1.201 22,598
7,015
8,407 16,767
210,842 103,799 192,353 82,660
115,000 24,250 50,943 78,200
1,500
32,269 41,236
s No quotation.

111,616 270,612 179,432
9,339 44,989 67,938
3,772 23,124
2,826
3,785 11,012 30,232
102,276 225,623 111,494
2,500 93,628 60,776
94,020 117,466 23,811

172,865
35,405
13,913
18,184
195,817 137,460
0
15, 215
119,200 101,368
* Average for May 1-9.
226,345
30,528
14,088
5,510

(*)
.801
.020
.400

MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
Septem- Septem- October Novem- Decem- January Februber
ber
ary
ber

1940
March

April

May

June

July

August

338,366
323,201
15,165

216,350
213,822
2,528

180,341
176,637
3,704

449,981
420,278
29,703

239,426
223,372
16,055

194,824
182,232
12,592

365,553
347,331
18,222

FINANCE-Continued

Security markets:
Stocks:
Dividend declarations (N. Y. Times):
Total
thous. ofdol.
Industrials and miscellaneous
do...
Railroads
do...
Prices:
Dow-Jones & Co., Inc. (65 stocks):
dol. per shareIndustrials (30 stocks)
do...
Public utilities (15 stocks)
do...
Rails (20 stocks)
do...
New York Times (50 stocks)
do...
Industrials (25 stocks)
„
do
Railroads (25 stocks)
do...
TRANSPORTATION AND
COMMUNICATIONS
Page 83
Class I steam railways:
Freight-carloadings (A. A. R>) :1
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

193,698
191,364
2,334

199,969
192,915
7,053

44.40
131,46
22.18
28.43
96.27
171.50
21.05

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

39.99
119.46
20.15
24.66
89.17
159.61
18.72

41.64
122.23
22.42
26.43
90.46
161.49
19.43

42.50
125.32
22.22
26.83
92.21
164.48
19.94

3,135
562
44
157
160

' 3,102
••589
-•37
M38
M78
"76
'623
'225
'1,237

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

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

3,535
600
50
171
164
52
725
326
1,446

474
41
127
203
41
570
275
1,095

3,718
657
54
186
208
62
755
347
1,449

27,918

23,676

27,719

25,737

29,409

28,474

26,828

27,580

24,123

19,495

22,066

22,498

.124
28,105

.123
23,785

.128
27,886

.120
25,587

.120
29,354

.120
29,477

.120
26,641

.120
27,408

.120
24,676

.120
19,852

.120
22,021

.118
21,664

11,120

11,861

11,661

12,077

12,252

11,104

11,514

11,193

ll,C09

11,485

12,091

12,443

8,002
3,118

8,723
3,138

8,456
3,205

8,891
3,187

9,065
3,186

7,914
3,190

7,583
3,931

6,645
4,548

7,006
4,603

7,270
4,215

r 7,931
' 4,159

8,471
3,972

10,213
907

10,895

10,661
1,000

11,074
1,003

11,262
990

10,258
846

10,557
957

10,277
916

10,616
992

10,402
1,083

10,937
*• 1,154

11,239
1,204

28,892
12,617

22,655
11,584

31,609
13,135

26,723
15,893

21,923

12,611
8,125

13,126

11,996
5,955

II. 690
9,633

13,116
17,316

23,411
14,339

22,464
15,126

19.231

7,075

12,528

6,261

5,632

4,756

4,327

4,751

4,178

3,026

1,912

4,327

17,925

24,495

16,856

14,936

13,086

8,834

8,659

9,459

18,525

12,780

29,319

279
1,260

CHEMICAL AND ALLIED PRODUCTS
Page 95
Vegetable oils and products:
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_.
Price, wholesale, standard, uncolored (Chicago)
_
-dol. per lb_.
Production...
thous. oflbELECTRIC POWER AND GAS
Page 97
Electric power:
Production, total
__mil. of kw.-hr..
By source:
Fuel
_
do
"Water power..
_
...do
By type of producer:
Privately and municipally owned public
utilities.
mil. of kw.-Jir..
Other producers
do
FOODSTUFFS
Pages 105,107
Grains and grain products (principal markets):
Corn:
Receipts
thous. of bu..
Shipments._
_._do
Oats:
Receipts
_
__do
Wheat:
Shipments
___do

659,512 330,592 231,651
608,149 311,996 215,588
51,362 18,596 16,064

209,482
207,354
2,128

7,777
4,926
7,403

12,385
13,287
21,442

FUELS AND BYPRODUCTS
Pages 116,117,118

Coal:
Anthracite:
Production
Bituminous:
Production..
Coke, beehive:
Production

thous. of short tons..
*

__..__

-do—_
do

METALS AND MANUFACTURES
Pages 130, 132, 136, 137
Pig iron and iron manufactures:
Pig iron:f
Production
thous. of short tons_.
Steel, crude and semi-manufactured:
Ingots, steelrf
Production
thous. of short tons..
Percent of capacity
_
Nonferrous metals:
Tin:
Deliveries
..long tons..
Visible supply, world, end of mo
do
United States
do
TEXTILE PRODUCTS
Page 155
Silk:
Deliveries (consumption)
Stocks, end of month:
Total, visible supply
United States (warehouses)

bales..
do
do

4,053

'4,840

4,919

3,936

3,862

5,622

3,546

3,773

3,746

3,957

4,367

4,408

' 3,775

38,413

38,465

.45,950,

42,835

,37.283

,44,9-10

39,105

35,210

,32,962

35,468

32,340,

36,080

39,240

271

'77

256

346

314

155

135

102

106

151

231

••278

4,173

3,224

4,063

4,167

4,221

4,032

3,311

3,270

3,137

3,514

3,819

4,054

'4,238

5,895

4,769
72

6,080
91

6,148
92

5,822
91

5,655
82

4,409

4,265
64

3,975

4,841
70

5,533

5,595
84

6,033
87

11,410
39,450

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
32.149
2,964

7,905

9,225
31,869
5,300

7,325
38,736
6,507

12,470
38.040

28,828

36,869

41,858

32,241

21,128

29,506

22,485

21,685

21,740

18,997

17,307

22,766

30,189

172,254
44,454

89,160
27,760

89,135
35,935

92t527
41,927

109,110
55,610

87,025
59,225

83,306
50,306

87,087
45,887

85,798

92,485
43,285

90,122
41,822

115, 111
43,211

151,698

3,677

• Data for August are the latest available.
* Not reported.
'Revised.
% Data for December 1939, March, June, and August 1940, are for 5 weeks; other months, 4 weeks.
f Revised series. Data on pig iron and steel ingot production have been converted from a long to a short tonnage basis. Revised data on pig iron beginning 1913 will
appear in the October SURVEY and data for steel ingots beginning 1913 are shown in table 26, p. 17, of the May 1940 SURVEY.




U. S. GOVERNMENT PRINTiNS OFFICE: 1940