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SURVEY OF CURRENT BUSINESS 1 WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE' BUREAU OF FOREIGN AND DOMESTIC COMMERCE^ WASHINGTON, D. C, OCTOBER 16, 1941 SUMMARY OF BUSINESS TRENDS Retail trade again moved forward during September, although its advance was held to less-than-seasonal proportions by the unusual concentration of buying during the normally dull summer season. The Federal Reserve adjusted index of department store sales dropped back to about the July level from the exceptionally high 134 (1923-25=100) established in August. Actually, the strong seasonal rise which usually occurs in September started early this year because of the exceptional circumstances surrounding the supply and price of goods. A similar development featured variety store trade where high offseasonal buying in August lifted the adjtisteel index (1935-39= 100) to a record 129. Despite previous anticipatory purchasing, consumers continued to spend at a very free rate through September. General merchandise trade is much higher than in the first half of the year. Automobile sales offered only inconclusive evidence as to the strength of current demand since the new model cars have only recently been available in volume. The same factors which raised retail volumes to unprecedented heights in the summer months also operated strongly last month. These included the sustained large flow of income payments to individuals, accompanied as it was by rising wage returns in many industries. In addition, a wave of buying in anticipation of price advances that vere likely to result from the excise tax levies effective October 1, drove sales upward in the latter days of September. Department store sales, for example, were 34 percent above the comparable 1940 period in the week ending October 4, as against an average gain of less than 15 percent in the earlier weeks of the month. Exports of United States merchandise reached a high point for the war period during August. Increased shipments of machinery, aircraft, munitions, and other defense supplies made large contributions to the August advance. Total export trade valued at more than $400 million, compares with a monthly average of about $350 million for the year to date. The aggregate of merchandise exports for this period was $2,831 million— 6 percent above the comparable period last year. Imports for consumption rose in August to $27^ million irom $265 million in July; larger receipts of strategic materials were mainly responsible for the rise. The value of imports for consumption during the first 8 months of 1941 over the same period in 1940 increased 22 percent, to $2,050 million. SELECTED BUSINESS INDICATORS 5.0 4.5 STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION FREIGHT- CARLOADINGS (PERCENT OF CAPACITY) (BULLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) AUTOMOBILE PRODUCTION BITUMINOUS COAL PRODUCTION (THOUSANDS OF VEHICLES) (DAILY AVERAGE-THOUSANDS OF TONS) CRUDE OIL RUNS-TO-STILLS COMMERCIAL LOANS (.MILLIONS OF BARRELS-DAILY AVERAGE) (BILLIONS OF DOLLARS) MISCELLANEOUS CAR LOADINGS (THOUSANDS OF CARS) F.H.A. HOME MORTGAGES IER SELECTED FOR APPRAiSAL ON HOMESTOBE BUBT 1941 , 1941 ^^ ^ 4.0 3.5 3-0 2.5 I , , 1 . 1 DEPARTMENT STORE SALES CSEASONALLY ADJUSTED 1923-25-100) MONTHLY DATA EXPORTS OF U.S. MERCHANDISE k A CMILLIONS OF DOLLARS) 500 zzzt: 120 110 100 90 80 70 . , 1 .. 1 ,. 1 . , 1 . , 1938 4202S1—41 1939 [,, . . 1 . . 1 . . ! . , 1940 . . i . '. i . . i . . 1941 1938 1939 1940 1941 WEEKLY BUSINESS INDICATORS • [Weekly average, 1923-25=100, except as indicated] 1941 1939 1940 1941 Business activity^ New York Times§ Barron's Business Week Commodity prices, wholesale: Dept. of Labor: Combined index, 1926=100.._ Farm products.. Food Allother 28 basic commodities© Fisher's index, 1926=100: Combined index Copper, electrolytic! -. Cotton, middling, spot.. Construction contracts j._Distribution: Carloadings .,.._. Department store salesA — Employment, Detroit, factory... Finance: Bond yieldst .. 127.7 128. 2 128.3 130.2 112.1 111. 1 107.9 107.6 139.0 138.4 138.4 137.7 115.7,115.1 111. 3 107.5 157.6 157.3 154.9 154.5 134.4 131.3 121.1 120.5 91.6 90.3 89.7 92.0 154.2 155.9 89.9 87.6 92.0 155.6 91.5 91.6 78.1 77.8 91.2 91.6 66.1 65.5 88.5 89.1 71.0 70.7 91.8 91.6 83.1 82.9 156.6 156.5 110.9 110.3 98.4 98.8 98.7 98.5 85.5 85.5 85.5 85.5 64.3 65.1 63.2 66.2 252.5 98.4 85.5 68.4 76.6 78.9 79.0 66.7 66.8 72.7 72.9 83.7 83.7 123.0 123.0 82.8 82.4 83.3 82.7 85.5 85.5 89.1 85.5 36.0 36.4 33.8 33.8 70.5 92.3 96.3 96.5 95.3 95.9 85.2 84.6 88.2 87.1 169 148 131 1333 115 125 112 123 96.9 114. 9 117r.3 115.0 56.8 57.0 57.4 57.2 57.0 60.1 67.2 67.9 1939 1940 Oct. Oct. Sept. Sept. Sept, Oct. Oct. Oct. Oct. 12 5 11 4 27 20 13 14 7 Oct. Oct. Sept. Sept. Sept. Oct. Oct. Oct. Oct. 14 7 5 11 4 27 20 13 12 Finance—Continued. Stock pricesj Banking: Debits, outside N. Y. O.t Federal Reserve reporting member banks: Loans, total Interest rates: Call loanst -T i ei l ol n Js J . . ^ . Currency in circulation\ Production: . Automobiles. Bituminous coal J Cotton consumption^ - Electric powerd1 Lumber..-..' Petroleumt_...___._. • Steel ingots© Receipts, primary markets: Cotton _• Wheat :...-_._ 91.5 93.1 93.7 94.0 93.6 99.4 101. 8 112.1.8 113.1 119.7 132.4123.1 137.2 110.1 90.8 108.0 86.2 102.7 8S.6 18. 2 87.6 87.4 87.8 70.4 70.3 67.3 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 28.6 211.0 210.0 207.7 207.1 206.8 169.0 168.5 151.3 67.0 24.2 28.6 150.7 100.6 97.7 98.0 77.1 67.6 137.9 133.7 96.5 96.8 108.6 107.2 97.2 107.9 81.7 85.7 104.9 102.3 183.77 181.9 180.5 137.33 133.2 136.4 132.3 5 181151.7 5 171154.0 5 0 1323 3 1 1 121.3 1 2 1 119.9 199 154.5 151.8 132.33 131.1 . 54.1 4 7 69.6 69 63 64.7 57.8 58 63.0 C27 58.5 55.3 C2.7 57 170.4 806 173/0 184.2 191.5 201. 3 202.0 200.0 180.6 84 2 150; 3 176.7 174.5 174.3 173.1 174.5 161. 6 158.8 152. 160.4 181.9 168.8 109. 2 114.6 230.4 164.2 258.1 266.9 102.7 99.4 128.2 104.1 120.0 46.9 66.2 53.4 77.7 • Data do not cover calendar weeks in all cases. ^Seasonally adjusted. JDaily average. <f 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 Oct. 18 is 177.2. Data for 1941 are based on production of steel ingots and steel for castings. ©Thursday 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 STATISTICS1 1941 Oct. 11 Oct. 4 Sept. 27 . Sept. 20 1940 Sept. 13 Oct. 12 Oct 5 1939 Oct. 14 Oct. 7 1938 Oct. 15 COMMODITY PRICES, WHOLESALE 0.118 Copper, electrolytic, New Yorkt dol. per lb_. 0.123 0.118 0.104 0.118 0.118 0.118 0.118 0.118 0.118 .175 .092 .177 Cotton, middling, spot. New York. do .086 .098 .180 .172 .092 .099 .186 3.32 2.39 3.34 Food index (Dun & Bradstreet) do 2.42 2.32 3.33 3.33 2.41 2.31 3.34 38.15 38.15 Iron and steel, composite ..dol. per t o n . . 37.62 38.07 36.13 38.05 38.15 38.15 38.15 37.74 1.13 1.15 ,81 Wheat, No. 2, Hard Winter (Kansas City).dol. per b u . . .66 .79 1.16 1.14 1.13 .82 Banking: FINANCE Debits, New York City mil. of dol.. 3,706 4,381 2,944 4,304 3,442 2,986 3,599 3,916 2,978 2,564 5,548 Debits, outside New York City (140 cities) do 3,313 4,761 4,212 - 5,008 5,105 5,704 6,136 3,993 6,357 Federal Reserve banks: 2,265 2,244 Federal Reserve bank credit, total .do 2,810 2,482 2,279 2.605 2,445 2,255 2,316 2,837 2.184 2,184 U. S, Government securities do 2,564 2,765 2,424 2,184 2,184 2.184 2,785 2,399 13,240 13,290 Member bank reserve balances do—-8.400 13,158 11,672 11,739 13,800 13,273 • 13,328 13,927 5.193 5,209 Excess reserves, estimated do 3,045 5,111 5,359 5,399 6,721 5,249 5,202 6,816 Federal Reserve reporting member banks: 24,277 24,400 Deposits, demand, adjusted.. do 18,451 24,390 24,503 21,152 24,375 15,604 18,306 21,238 5,429 5,444 Deposits, time ..do 5,242 5,353 5,431 5,359 5,431 5,430 5,163 5,236 18,101 18.056 Investments, total§_. .do 18,166 15,527 18,255 14,160 15,544 13,023 14,123 18,181 U. S. Government direct obligations -.-.do 10,982 10,985 8,559 11,070 9,272 11,183 8,053 8,503 11,088 9,280 Obligations fully guaranteed by U. S. Govern3,322 ment mil. of dol_. 3,319 2,582 2,240 2,240 3,320 3,327 i;678 2,586 3,313 11,076 11,024 Loans, totals do. 8,375 8,408 8,785 8,800 8,272 10,975 10,917 10,954 Commercial, industrial, and agricultural loans? 6,447 6,501 mil. of dol.. 4,251 4,672 6,310 4,288 4,630 6,362 3,024 Interest rates, call loanst percent.. 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 LOO 1.00 Interest rates, timeloanst ..do 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.23 1.25 1.25 Exchange rates: Pound sterling} dollars.. M.033 •4.033 4.027 4.014 »4.036 *4.036 • 4.033 •4.033 •4.033 4.745 Failures, commercial number.. 237 172 279 169 252 270 180 181 Currency in circulation*.. mil. of d o L . "16," 247' 7,347 7,316 10,041 10,199 8,182 8,209 10,085 10,057 6,679 Security markets: Bond sales (AT. Y. S. E.) thous. of dol. par value. 28,000 33,350 44,470 39;130 35,850 44,870 29,130 '41,780 33,190 33,200 Bond yields (Moody'$) (120 bonds) X--percent . 3.88 4.03 3.92 3.29 3.28 3.48 3.47 3.31 3.30 3.29 Stock sales (JV. Y. S. E.) thous. of shares _ 3,183 8,981 5,634 3,454 2,960 3,427 2,127 3,319 3,577 2,326 Stock prices (iV. Y. Times)t~dol. per share.. 109.59 106.60 109.88 90.91 88.86 98.85 96.53 90.97 91.27 90.38 Stock prices (Standard and Poof a) (402) <f ... _ 97.4 99.7 99.2 82.7 81.4 1935-39=100.. 84.5 82.8 86.9 83.4 84.6 Industrials (354)... _do. 100.1 100.2 100.7 84.0 82.5 83.8 84.0 84.8 86.4 86.2 Public utilities (28) do. 99.2 80.1 79.5 99.5 92.8 81.2 80.7 91.1 81.3 93.8 Railroads (20) do. 86.2 71.4 71.2 71.1 86.2 71.4 72.9 74.0 77.7 n.6 PRODUCTION, CONSTRUCTION, AND Production DISTRIBUTION 43,540 53,165 108,457 105,153 Automobiles^— number.. 76,095 77,035 76,820 79,065 75,860 60,615 1,407 1,838 1,850 1,743 1,391 1,825 1,786 1,460 Bituminous coalj thous. of short tons." 1,655 3,290 3,281 2,251 2,554 2,817 3,233 2,583 2,792 Electric powerA mil. of kw-hr.. 3,232 3,861 4,034 3,272 3,436 3,642 4,060 3,714 3,489 Petroleum*. .thous. of bbl. 4,074 96.9 96.9 51.4 87.5 94.2 88.fi 92.6 Steel ingots0-_ pet. of capacity. 96.1 98.1 12,294 . 14,824 11,317 Construction contract awards* thous. of dol.. 15,100 40,534 Distribution: 917,516 919,510 907,969 913,952 811,906 806,004 839,952 830,102 726,142 Freight carloadings, total cars.. 183,657 184,659 171,865 184,698 131,891 139.414 177,127 178,656 142,954 Coal and coke __ .do.... 32,571 46,288 36,824 40,728 41,097 46,438 45,655 45,364 Forest products do 40,480 38,793 43,204 41,182 39,388 37,274 40,180 45,045 44,839 Grains and grain products ..do 16,513 21,391 22,657 20,811 19,606 21,709 18,891 14,453 15,482 Livestock , do 161,309 160,593 160,224 158,787 160,661 159,626 160,683 159,998 160,053 Merchandise, 1. c. 1 ... .do.. 6a 059 30,737 62,125 71,267 70,114 70,303 .66,074 74,448 69,721 Ore do 396,927 399,710 400,474 390,866 348,971 341,16S 337,467 330,506 293,966 Miscellaneous _ do . Receipts: 273 265 254 278 Cattle and calvest . - thousands.. 254 327 254 226 265Hogst-----..^-..__. _•_•_ do... 282 219 439 Cotton into sight thous. of bales*. 298 • • • 5 9 9 473 417 427 "694 284 671 645 Wheat, at primary markets thous. of b u ~ 10,202 9,549 7,906 6,182 5,265 8,168 4,247 3,733 8,283 6,200 J Daily average, • Data do not cover calendar weeks in all cases. 1 Source: Ward's Automotive Reports.- •Free rate. '*' ' " " ' § Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement. © Hate for week ended Oct. 18, is 98.4; data beginning with July. 1941 are based on estimated capacity as of June 30,1941, of 86,148,700 tons. T Receipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted. A Data revised beginning in the June 19,1941, issue to include certain additional governmental and industrial power generation not previously reported <f Revised series. Earlier weekly data will be shown in a subsequent issue. Oct. 8 0.102 .085 2.42 36.61 .64 3,722 4,409 2,593 2,564 8,321 3,019 15,396 5,175 12,949 , 8,055 1,679 8,240 3,896 1.00 1.25 4.795 6,651 51,320 4.08 9,674 103.77 97.4 100.6 89.5 75.9 33,165 1,357 2,227 3,249 47.9 702,616 140,450 31,797 42,495 19,565 161.564 28,515 278,230 585 7,731 MONTHLY BUSINESS STATISTICS 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1940 Sep. September tember CONSTRUCTION AND REAL ESTATE] Engineering construction: Contract awards (E. N . R.)§ thous. of dol. 514,251 Highway construction: Concrete pavement contract awards: 6,072 Total} thous. sq. yd. 1,624 Airports*.do... 2,635 Roads do 1,814 Streets and alleys do Construction cost indexes: American Appraisal Co.:f 221 Average, 30 cities 1913-100218 Atlanta do. 235 New York do. 205 San Francisco do. 223 St. Louis..). do. 200 Assoc. General Contractors ._.do— Engineering News Record (all types) d o . . . . 264.5 DOMESTIC TRADE Receipts, postal: 33,087 50 selected cities do. 3,948 50 industrial cities do. Department stores: Sales, total U. S., unadjusted 1923-25=100.. Atlanta .— ..i.....1935-39=10097 Boston 1923-25-100 Chicago 1935-39=100Cleveland —.1923-25=100Dallas do Kansas City 1925=100- J>110 Minneapolis 1935-39=100- J>133 NewYork 1923-25=100- J>120 Philadelphia — do— "88 147 Richmond do *>125 St. Louis do * 112 Sales, total U. S., adjusted. do Atlanta •_. 1935-39-100.. Chicago do Cleveland _..1923-25*=100._ Dallas do Minneapolis.. __ 1935-39-100.. New York.... .1923-25=100.. Philadelphia do.... St. Louis.... do Mail-order and store sales: Total sales, 2 companies. thous. of dol— 145,495 59,780 Montgomery Ward & Co do Sears, Roebuck & Co d o — 85,714 Banking: FINANCE Bank debits, total (141 cities) ..mil. of dol.. 39,964 New York City d o . . . . 15, G54 24,310 Outside New York City do Savings deposits: Savings banks in New York State: Amount due depositors mil. of dol.. 5,555 Security markets: Bonds: 1941 July 1941 August 368,252 952,663 529,561 5,788 1,045 3,170 1,674 17,124 9,594 4,825 2,706 9,567 3,606 2,910 2,051 206 195 225 190 212 189 245.0 219 216 233 203 223 198 260.4 221 218 234 204 223 198 263.1 r 30,326 30,637 3,573 3,887 30,442 3,712 — 1 0 5 — 79 102 132 63 80 92 125 85 107 93 127 79 91 93 115 81 103 62 79 107 128 82 106 115 97 14S 122 131 113 117 102 132 115 131 101 114 104 91 79 119 99 106 144 82 122 120 12S 108 127 101 80 139 106 134 1C3 154 145 1G6 145 134 107 141 111,622 121,176 45,972 48,305 65,650 72,870 145,519 57,803 87,716 30,862 12,594 18,267 40.948 16,288 24,660 39,102 15,079 24,023 5,657 5,575 5,555 107.7 U. S. Treasury bonds t—dol. per$l00bond.. 111.1 Yields: Moody's: 3.50 3.30 Domestic corporate .percent By ratings: 2.82 2.75 Aaa ..-do... 3.01 2.91 Aa do... 3.52 3.21 A do-. 4.66 4.30 Baa —do... By groups: 2.8S 3.10 Industrials -do 3.07 3.19 Public utilities —do 3.95 4.23 Rails. do 1.94 2.18 U. S. Treasury bonds. do Cash dividend payments and rates (Moody's): Total annual payments at current rates (600 companies) mil. of dol- 1.82S.35 1,712 42 Number of shares, adjusted. millions.. 938.08 936.43 Dividend rate per share (weighted average) 1.83 (600 cos.) dollars.. 1.95 3.01 Banks (21 cos.) -do 3.01 1.79 Industrials (492cos.).. do 1.94 2.54 Insurance (21 cos.) do 2.59 1.96 Public utilities (30 cos.)... do.— 1.01 1.36 Rails (36 cos.) do.— 1.58 Yields: 5.5 Common stocks (200), Moody's...percent.. 5.9 4.7 Banks (15 stocks) -do 4.6 5.5 Industrials (125 stocks) —.do 5.9 4.4 Insurance (10 stocks) do 3.9 5.8 Public utilities (25 stocks) do 6.5 5.5 Rails (25 stocks) do.— 6.3 TRANSPORTATION AND COMMUNICATIONS Class I steam railways: Freight carloadings (Fed. Res. Indexes): 125 Combined index, unadj 1923-25=100.. 145 120 Coal do.... 140 144 Coke do-.. 172 132 Forest products . do 149 117 Grains and grain products do— .122 129 Livestock do..T. Ill 100 . Merchandise, 1. c. 1 _ do.— 102 254 Ore do.... 261 124 Miscellaneous do .., .150 r * Preliminary. * Data for July Revised. *New series. See note on corresponding item in the September 111.7 111.1 3.30 3.29 2.74 2.90 3.26 4.28 2.74 2.90 3.24 4.27 Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1940 SepSeptember tember TRANSPORTATION, ETC.-Continued Class I steam railways—Continued. Freight carloadings (Fed. Res. Indexes—Con. 130 Combined index, adjusted 1923-25=100 . 133 Coal do 176 Coke do 138 Forest products do..I. 111 Grains and grain products do 84 Livestock.. do. 97 Merchandise, 1. e. 1 . . . . do 149 135 Ore do. FOODSTUFFS Miscellaneous do. Raw sugar, United States: Meltings, 8 ports ._ long tons.. 459,297 398,901 Stocks at refineries, end of month... do FUELS AND BYPRODUCTS Coal, production: Anthracitethous. of short tons. . 5,138 45,461 Bituminous. do... _ LEATHER AND PRODUCTS Hides and skins: Livestock (Federally inspected slaughter): 447 Calves. _ thous. of animals 1,004 Cattle.. ._ __ __ d o . . 2,920 Hogs _ do 1,567 Sheep and lambs __ do METALS AND MANUFACTURES Pig iron: Furnaces in blast, end of month: Capacity.... ..short tons per d a y - 157,230 Number 216 Production!— thous. of short tons.. 4,717 Steel ingots and steel for castings:f Production thous. of short tons.. 6,820 Percent of capacity _,. Tin: Consumption of primary tin in manufactures long tons.. 12, 715 Deliveries (includes reexports) ...do.. Stocks, United States (excluding afloat).. 1,767 Zinc: Production, slab, at primary smelters: short tons.. 73,225 71,767 Shipments, total do Domestic do C4,673 Stocks, refinery, end of month do 19.427 TEXTILE PRODUCTS Rayon: Deliveries (consumption), yarn* mil. of lb. 37.0 Stocks, yarn, end of mo ...do..'. 4.9 TRANSPORTATION EQUIPMENT Salos (General Motors Corporation): World sales: By U. S. and Canadian plants. number- 89,300 United States sales: To dealers.... do. 81.169 To consumers do 52.829 1941 112 114 147 122 106 98 95 145 112 1941 July August 368,346 405,663 417,387 112,105 653,041 506,133 4,172 4,681 38,650 43,300 5,246 45,650 445 968 3,006 1,569 414 968 2,796 1,522 412 812 3,168 1,473 140,620 153,190 155,020 213 211 193 4,791 4,177 4,771 6,822 7,001 96 5,800 8,560 11,410 12, 575 9,433 5,864 8,830 13,625 2,393 59,800 74,641 75,193 71,894 63,045 62,714 36,821 13, 848 75,524 71,403 61,061 17,969 39.4 3.6 37.3 4.2 6,056 91 30.9 8.3 124.692 224, 517 29,268 16,031 204,695 7,527 195, 475 19,69C 84.909 1940 August August 1941 June EMPLOYMENT AND WAGES Labor turn-over in mfg. establishments: (T31 6.63 5.43 Accession rate mo. rate per 100 employees.. 3.71 3.00 4.14 Separation rate, total do .26 .16 .30 Discharges do. 1.03 1.63 1.13 Lay-offs . do. 2.42 1.21 2.71 Quits and miscellaneous do_ 1,821.08 1,822.61 FINANCE 938.08 938.08 Life Insurance Sales Research Bureau: 594,164 Insur. written ordinary, total thous. of dol__ 5S1,171 1.94 1.94 44,850 39,632 47,099 New England do, 3.01 3.01 147,610 133,296 154,975 Middle Atlantic —do. 1.93 1.93 131,895 119,572 134,003 East North Central .do. 2.59 2.59 55,746 54,877 55,069 West North Central do. 1.92 1.92 61,535 52.751 63,413 South Atlantic... _ do. 1.56 1.56 24,233 20,882 26,792 East South Central _ do 44,993 42,674 45,385 West South Central _ do 5.9 5.8 15,624 15,994 15,355 Mountain — do. 4.6 4.5 54,685 48,652 52,068 Pacific do, 5.9 5.8 3.9 Security markets: 4.0 Bonds: 6.4 6.4 Prices (Standard and Poor's Corporation): 6.0 5.9 85.8 81.5 86.0 Composite (60 bonds). _dol. per $100 bond.. 90.4 86.8 91.0 Industrials (20 bonds) _ do. 101.1 100.2 101.2 Public utilities (20 bonds) do. 65.8 57.5 65.9 Rails (20 bonds)... -do. 129.2 121.2 130.6 Domestic municipals (15 bonds) do Sales (Securities an'l Exchange Commission): 140 138 Total on all registered exchanges: 127 139 Market value— .thous. of dol.. 87,766 67,057 95,055 172 167 160,891 99,101 173,215 Face value do. 149 160 On New York Stock Exchange: 163 125 74,506 53,571 78,266 Market value. do 70 80 Face value do., 144,101 82,424 153,363 99 99 Yields (Standard and Poor's Corporation): 283 271 2.08 2.49. Domestic municipals (15 bonds) d o — . 2.00. 139 141 §Data for July 1941 are for 5 weeks; other months, 4 weeks. are the latest available. tRevised series. See note on corresponding item in the September 1941 1941 Survey. 2.90 3.07 3.92 1.90 2.90 3.06 3.92 1.94 139 158 199 152 103 84 99 155 141 138 150 200 149 112 83 100 156 140 July t>. 00 " 4.24 .29 1.40 2.55 582,292 47,531 153,032 132,766 56,182 57,946 23,347 43,173 15,110 53,205 86.3 91.1 101.0 66.6 130.0 116,272 222,973 98,274 201,056 . 2.03 Survey. MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 Augus 1940 1941 June July Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 August August 1941 June July FOREIGN TRADE-Continued Imports—Continued. By individual commodities—Continued. 6,065 8,577 6,092 6,072 Hides and skins—Continued. 9,180 Goat skins .thous. of lb._ 12,761 3,786 7,004 78.8 75.3 77.5 78.7 225 194 196 223 Sheep and lamb skins d o _ . 93.2 88.3 89,1 93.3 Iron ore. thous. of long tons. 117.3 109.5 111.3 116.8 33,374 10,230 47,891 22,160 Lead, total, except manufactures (lead con81.8 78.2 85.8 82.8 tent). _ short tons. 178,887 64,704 115,745 135,018 70.0 69.8 80.3 69.4 Lumbcr, total sawmill prod -M bd. ft._ 27.8 26.7 24.9 28.1 50 65 33 Manganese ore (manganese content) thous. of long tons.. 254,895 258,055 252,872 247,103 4,488 4,319 4,150 Newsprint ._ short tons.. 4,657 415,088 320,913 411,012 611,464 228 441 1,457 576 Petroleum, crude,. thous. of bbl 22,087 14,214 18,052 29,073 Rayon thous. of lb._ 106,540 73,028 64,577 97,081 4,761 3,895 2,347 332 Rubber, crude, incl. latex long tons.. 346,227 270,471 350,146 522,475 4,6S6 Silk, raw thous. oflb.. 3,561 4,107 4,099 15,85S 10,420 13,740 22; 226 Silver __ thous. of doL. 7,766 7,176 9,752 10,679 11,575 12,926 11,552 14,765 Tea thous. oflb _ FOREIGN TRADE 6.042 Tin, bars, blocks, etc long tons.. 5,725 7,329 6,630 Exports: Tobacco, unmanufactured thous. of lb_. 94,756 74,854 53,087 69,615 Total, including reexports -thous. of doL. 455,257 ?49,928 329,776 358,619 3,511 1,519 10,839 8,557 Vegetable oils, total do... 438,264 341,924 323,728 348,890 U. S. merchandise, total do Paint oils .... d o . . . 93.237 64,015 49, 576 61,058 30,393 24,161 29,034 29,824 Crude materials .....do All other vegetable oils. do.... 109,831 83, G40 105,031 90,501 4,516 5,843 3,640 4,716 Cotton, unmanufactured..... do Wood pulp, total, all grades short tons 15,255 17, 920 16,447 11,858 42,264 19,170 33.173 45, 763 Foodstuffs, total do 7,799 Sulphate, total do.~- 30,552 12,036 11,903 7,291 6,758 5,819 5,368 Crude foodstuffs do Unbleached do... 75, 111 55,318 70,59S 57,369 35,506 13,351 27,805 3S, 472 Mfd. foodstuffs and beverages do 3S, 055 31,376 35,219 28,930 Sulphite, total do... 3,554 2,336 2,117 3,240 Fruits and preparations do 28, 439 Bleached d o . . . 37.056 23,942 35,379 15,899 1,710 11,254 17,324 Meats and fats --do 9,557 16, 732 20.149 17,626 Unbleached.. do 2,01S 3,054 2,237 2,573 Wheat and flour.. do 63,010 16,099 84,759 72,008 Ground wood .do . . . 67,587 96,863 51,019 53,279 Semimanufactures do AVool, unmanufactured thous. oflb. 293,019 201,730 210,501 220,025 Finished manufactures do 25, 306 35,645 21,474 17,522 CHEMICALS AND ALLIED PRODUCTS Autos and parts do 5,213 5,803 4,313 3,244 Vegetable oils and products: Gasoline do 64,438 56,813 45,437 45,510 25,909 Oloomargarine: 25.174 22,498 25,583 Machinery , do Consumption (tax*pd. withd'ls). thous. of lb_. 24,803 21,664 25,0S3 27,365 By individual commodities: 360 352 528 Production _ „_ do. Airplanes number.. 20, 616 6,539 13,481 12,975 Automobiles assembled, total. _do FOODSTUFFS AND TOBACCO 6,95S 6,706 2,339 4,056 Passenger cars do 6,017 Dairy products: 9,425 Trucks. do_-- 13,910 4,200 153,223 150,831 138,260 Butter: Coal: Consumption, apparent .thous. of lb._ 171,280 165,427 214,275 196,685 223 222 304 335 Anthracite—. thous. of long tons.. Production do... 1,973 2,325 1,808 2,071 Bituminous.. _„—-.. do 64,059 66,279 54,830 Cheese: 64 90 51 61 Coke. -. do Consumption, apparent do... 85,100 73,000 101,600 92,800 Copper, refined and mfrs _.short tons.. 10,589 62,393 8,120 11,077 Production do... 34,967 32,718 65,425 75,230 Cotton (excluding linters) bales.. 9,804 9,640 9,619 Condensed and evaporated milk, case goods: Cotton cloth thous. of so.. yd_. 49,576 24,409 39,039 41,194 Condensed, sweet'd, production.thous. oflb.. 293,359 230,991 334,168 299,599 Fertilizers, total long tons.. 295,885 178,474 66,651 164,695 Evaporated, unsweetened, production ^do 17,783 30,321 11,688 15,675 Nitrogenous do Phosphate materials. do.._. 270,646 [28,907 48,265 141,557 Meats: 1,275 1,228 1,239 Total meats: () 881 2,311 407 201 Prepared fertilizers.._ __ do 1,222 1,068 1,190 Consumption, apparent. mil. of l b . . 1,168 10 6 13 Gold __ thous. of doL. Production (inspected slaughter) d o — 4,042 Grains, incl. flour and meal thous. of bu.~ 5,037 6,630 3,330 480,723 525,989 569,054 Beef and veal: (*) 1,211 3,357 295 1,370 Corn, including meal do 512,112 565,041 Consumption, apparent thous. of lb- - 557,536 3,137 2,976 2,711 2,413 Wheat, including flour do Production (inspected slaughter) -do 106 934 769 30 Wheat only . do 57,579 54,915 62,238 Lamb and mutton: (*) 554 504 435 507 Wheat flour thous. of bbl.. 61,853 60,364 57,457 54,458 Consumption, apparent... do 101 52 196 95 Kerosene .-do Production (inspected slaughter) do 77 24 33 11 Leather, sole ...thous. of lb_ 658,549 643, 730 f>89,594 Pork (including lard): <> 2,256 2,268 4,363 Leather, upper thous. of sq. ft.. 549,836 541,180 623,078 594,970 Consumption, apparent... do 51,977 84,272 Lumber, total sawmill products M bd. ft.. 61,793 115,719 108,395 90,525 Production (insp. slaughter), total d o — 11,155 7,404 11,371 7,557 Sawed timber do Lardt ....do 46,586 68, 262 37,422 67.635 Boards, planks, scantlings, etc do LEATHER AND PRODUCTS Meats, total.... thous. of lb. 91,063 16,913 66,762 105,774 978 4,029 1,403 5,473 Leather: Beef and veal do 70,508 14,158 51,439 80.005 1,181 Production: 996 1,098 r 1,170 Pork, including lard do 44,634 10,181 20,101 53,819 Calf and kip ._ thous. of skins.. 2,375 1,740 2,232 ' 2,373 Lard do 3,030 3,997 ' 4,269 Cattlo hides thous. of hides.. 3,311 Methanol, refined -gallons.. 7,545 228,961 16,668 21,605 4,568 3,261 4,368 Goat and kid thous. of skins.. 4,741 Milk: 7,333 7,111 Condensed (sweetened) -thous. oflb.. 8,865 Sheep and lamb... —do 40,687 52,964 43, 383 60,153 13,387 13,336 12,779 13,479 Evaporated (unsweetened). do Stocks of cattle hides and leather, end of mo.: 2,760 1,461 7,005 6,336 8,879 8,659 ' 8,509 Powdered .do Total thous. of equiv. hides.4,867 1,212 3,900 4,820 M,878 Motor fuel -thous. of bbl.. 1,355 1,873 1,184 In process and finished do 180 207 210 353 Silver.. ..thous. of dol. Raw _ do 7,232 10,977 3,175 2,482 Leather manufactures: Sugar, refined long tons. 39,780 ' 44,794 44,764 Tobacco, unmanufactured. thous. of lb_. 20,975 14,360 14,916 26,793 Production, boots, shoes, and slippers: 506 471 7,185 11,695 11,437 513 4,729 349 Vegetable oils, total do Total thous. of pairs.. '258 2S9 318 225 Wood pulp, total, all grades short tons.. 19,378 01, 633 14.174 35,387 Athleticdo •"684 854 809 Imports: 522 All fabric (satin, canvas, etc.) .do General imports, total -thous. of dol.. 282, 513 220, 217 279,536 277,847 37,245 33,109 32,720 '37,850 Part fabric and part leather... .do 273,898 214,106 201,097 264,685 Imports for consumption, total... .do 1,624 1,683 ••1,825 1,691 Hi^h and low cut, leather, total do 126,480 88,495 110,609 119,2fiO Crude materials __ do 2,448 1,814 2,461 ••2,508 Boys' and youths* do 24,472 21,515 31,988 22,886 Crude foodstuffs do 4,028 3,741 3,870 ' 4,256 Infants'. do 22,975 20,588 28,082 Mfd. foodstuffs and beverages do 24,320 9,632 10,937 • 11,493 11,526 Misses' and children's do 63,989 50,342 54,553 62,248 Semimanufactures do 16,299 13.768 •17,769 17,553 Men'si . do 35,982 33,166 35,864 Finished manufactures do 35,971 Women's do By individual commodities: Slippers and moccasins for housewear Aluminum (bauxite). ..long tons. 90,960 5G, 789 21,484 95,794 thous. of pairs.. 5,538 4,950 4,427 •-4,824 '674 Cheese .thous. of lb.. 1,758 1,377 1,437 433 2,091 355 1,020 All other footwear--. do Cocoa __ ..long tons.. 16,841 35,396 34,395 25,218 Coconut oil.. thous. of lb_. 46,369 26,2£6 26,884 30,973 METALS AND MANUFACTURES 1,148 1,215 444 Coffee thous. of bags.. 591 Electrical equipment: Copper, total short tons.. 71,153 35,159 41,472 71,062 Domestic appliances, sales billed: 13,373 26,446 8,996 16,470 For smelting, refining, and exports...do Ironers, household.. units.- 18,478 13,848 20,283 21,246 64,476 25,487 20,578 24,913 17,259 Copra do 50, 759 29,128 68,629 Ranges* do Cotton (excluding linters) bales. 43,322 10,153 26,108 17,243 270,543 206,418 378,054 339,421 Refrigerators do Cotton cloth— _ ..thous. of sq. yds.. 3,075 5,216 2,929 150, G20 87,820 146,889 150,967 4,275 Vacuum cleaners, floor t y p e . do 31,357 Fertilizers, total. long tons.. 69,096 89,891 74,439 33,638 27,686 23,047 35,783 Vacuum cleaners, hand type do 67,406 75.542 62,810 32,591 Nitrogenous, totaL ._ do 148,811 147,878 188,365 213,862 Washers, household , do 32,148 52,703 27,311 16,350 Nitrate of soda ...do Furnaces, electric, industrial, sales: Phosphates do 457 3,136 303 5,137 11,626 11,644 Unit.. ...kilowatts.. 18,312 25 Potash. _ do 20 8,829 8,307 976 945 372 3 Value thous. of doL- 1,522 628 Flaxseed thous. of bu . 1,139 866 1,051 Motors (1-200 hp.): Gold... ...thous. of dol.. 36,979 151,563 30,719 37,055 6,765 3,280 5,455 Polyphase induction, billings do Hides and skins, total thous. oflb 61,899 33,123 53,572 50,686 6,200 5,825 3,536 7.750 Polyphase induction, new orders do Calf and kip skins ..do.. . 1,867 1,152 2,150 083 915 1,725 Direct current, billings do..,. 1,761 1,205 Cattle htfes.. do 1 (]?'•, 4,512 3,395 1.240 4,257 410 20.685 Direct current, new orders .do.._ 3? 71 * Revised. "Data for July are the latest available. JSee note marked "\" on p. S-29 of the September 1941 Survey. •New series. See note on corresponding item in the September 1941 Survey, tRevised series. See note on corresponding item in the September 1941 Survey. FINANCE—Continued Security markets—Continued. Stocks: Prices (Standard and Poor's Corporations): Combined index (420 stocks) 1926=100. Industrials (350 stocks) .do.... Capita] goods (107 stocks) .do..-. Consumer's goods (194 stocks)-__do Public utilities (40 stocks). _do Rails (30stocks) -do..... Sales (Securities and Exchange Commission): Total on all registered exchanges: Market value.. .thous. of dol.. Shares sold thousands.. On New York Stock Exchange: Market vfuue.. .thous. of dol.. Shares sold. ...thousands.. U. S. GOVERNMENT PRINTING OFFICE! t f 4 l
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