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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , SEPTEMBER 21, 1939 SUMMARY OF BUSINESS TRENDS TNDUSTRIAL activity is being speeded up as a result of the -*• large orders accumulated in the wave of forward buying this month. Steel production in another sharp advance is scheduled at 79 percent of capacity for the week ending September 23, up 9 points from the preceding week. Existing list prices have generally been continued for steel to be shipped before the end of the year. Steel mills have accumulated heavy backlogs of orders, predominantly from aggressive covering of requirements by domestic consumers. While the rise in steel stands out, industrial activity is on the up-grade over a wide front. The volume of manufacturing production for September will show a marked rise from the August total. Mineral output this month will reflect the return of normal flow in the petroleum fields. As results of this last factor and the increase in manufacturing, total industrial output—from both mines and factories—will exceed the August aggregate by a wide margin. The Federal Reserve adjusted index of industrial output for August was 102 (1923-25=100) as compared with 101 for July and 88 in August 1938. Price advances on security and commodity markets were slowed last week following the sharp increases in the early days of hostilities. Quotations for some of the widely traded com- modities closed the week moderately below the highest figures in the upswing this month. On the average, however, the sensitive commodities retained the preceding gains; MoodyJs index of 15 staples closed at 169.1 (December 31, 1931 = 100) on Saturday only fractionally below the high point thus far in September. Suspension of quota limitations on sugar production and importation was a factor in the easing of prices for this staple. Trading on the security markets continued in heavy volume last week but the abrupt rise in share quotations in the fore part of September was followed by slight declines in the final days of the week. On Saturday representative market averages of industrial shares were little changed from week-earlier figures; the decline in quotations of better-grade bonds was checked. In supporting the market for Government securities the Federal Reserve banks acquired 400 million dollars of bonds and notes in the first half of September. Considerable unsettlement was again apparent in the foreign exchanges last week. Although it was reaffirmed that the rate for the transfer of American-owned pre-war sterling balances and for approved trade transactions with the British Empire would be $4.02, the pound sterling fell below $3.80 in the open market. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (PERCENT ELECTRIC POWER OF CAPACITY) SPOT COMMODITY PRODUCTION (M0ODY.J5 (BILLIONS OF KILOWATT HOURS) INPEX- PRICES DEC.51, 1951= I O O ) 225 200 175 150 .1251* 1.8 -w-J BITUMINOUS COAL (MILLIONS OF 1 L CONSTRUCTION CONTRACTS - E W. DODGE PRODUCTION SHORT PRICES OF 3 5 0 INDUSTRIAL STOCKS (DAILY. AVERAGE AWAROS - MILLIONS OF DOLLARS) TONS) (INDE.X, ! ' I92& = IOO) 1601 W£O*£5DAY CLOSE V .J- / \ | A^J—' t 1 i ii i i Afi-l AUTOMOBILE PRODUCTION (THOUSANDS OF VEHICLCS) 95 90 (THOUSANDS OF 85 600 \rV 80 75 70 1937 177684—39 1938 i i i t MACHINE TOOL ORDERS (I9Z6 BALES) 800 nonrnLr wr* 700 —sXNv 1 (PERCENT) COTTON CONSUMPTION ADJUSTED-1923-25*100) MONTHLY DATA /N , (THOUSANDS OF CARS) DEPARTMENT STORE SALES (SEASONALLY 100 1 YIELDS OF 120 CORPORATE BONDS FREIGHT CAR LOADINGS f L 300 250 \ 200 500 150 SHIPMENTS • IOO) MONTHLY a*rx k l\ V \A \ 400 100 300 , , ! , , 1 , , 1 , , 200 ' l f t 1 i i ! . i 1 t i 1937 1939 50 • , t , , 1 , T 1 , , 1938 ,, 1 , , 1 . , 1 , , 1939 •4..' t I i 1 > I 1 1 1 1937 i i 1ti 1f i I n , 1938 JJ,..I, n i l 1939 i J-LJS WEEKLY BUSINESS INDICATORS [Weekly average, 1923-25=100] 1938 1939 Commodity prices, wholesale: Dept. of Labor, 1926=100; Combined index (813) Farm products (67) Food (122) All other (624) Fisher's index, 1926=100: Combined index (120) _ Copper, electrolytic!... _ Cotton, middling, spot- Finance—Continued. Banking: Debits, outside N. Y. C. t — Federal Reserve reporting member banks: Loans, total. Interest rates: Call loanstTime loans* .._. Currency in circulation! Production: Automobiles Bituminous coal! Cotton consumption! Electric powertLumber _ PetroleumJ. _ Steel ingotsfB Receipts, primary markets: Cattle and calves 94.0 92.3 91.5 86.0 84.5 104.9 106.6 95.3 93.5 94.0 77.8 79.4 108.2 110.8 88.1116.6120.6 108.8 104.2 101.8101.3 97.0 97.6 78.4 68.1 74.5 81.7 75.3 62.7 68.5 80.4 74.8 61.1 66.7 80.4 74.6 60.4 66.2 80.4 78.3 68.8 74.8 81.6 77.9 67.7 73.7 81.5 87.4 86.5 88.6 85.9 86.8 84.5 86.6 86.0 82.5 80.2 78.4 78.1 77.8 80.7 80.6 92.4 91.2 85.5 78.3 74.6 74.6 74.6 71.7 71. 7 100.0 100.0 34.9 36.0 32.7 33.5 34.2 29.4 29.8 33.5 Construction contracts! 75.3 Distribution: Carloadings Employment: Detroit, factory... 56.8 Finance: 47.4 50.4 Failures, commercial. Bond yields? __ 68.5 65.2 Stock prices! 114.3 110.1 100.6 1937 Sept. Sept. Sept. Aug. Aug. Sept. Sept, Sept. Sept. 19 16 10 IS Sept. Sept. Sept. Aug. Aug. Sept. Sept, Sept. Sept, 26 19 17 Business activity:! New York Times §<?_ Barron'scf Business Week _. 1938 1939 1937 86.2 71.8 70.3 68.9 59.3 85.8 73.9 86.6 62.6 54.3 66.0 41.8 34.6 24.8 64.3 ... 63.3 72.1 71.2 69.0 67.9 99.2 102.6 97.5 101.7119.6 119.2 Cotton,. Wheat- 91.7 99.2 78.3 82.1 89.0 82.8 84.3 102.1 88.4 65.7 65.4 65.5 66.7 65.9 80.3 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 149.2149.4 147. 8 146.4 146.2 135.2 135.4 135.2 135.6 66.5 54.1 35.2 31.8 22.9 17.0 21.1 22.9 46.1 77.4 89.5 79.0 75.3 72.6 72.2 76.5 90.5 92.4 120. 8122.6 127.2 107.5 113.4 121.7 119.9 137. 5141.5 141.4 142.1 133.0 122.9136.9 129.3 46.3 51.0 53.2 49.4 42.7 66.8 49.4 44.9 155.0 109.6 81.2 119.1 155.5 154.0 176.2 174.8 120.6 100.7 108.2 106.8 106.7 76.5 67.4 132.0 117.6 75.7 73.9 70.4 67.6 97.9 87.0 104.8 80.0 26.3 38.6 34.3 0.7 41.1 34.3 30.7 25.6 180.4 ... 141.9 109.2 -.._ 78.1 51.9 184.6 146.2 214.2 1SS. 8 125.3 129.8 154.3 155.7 96.8 113.4 120.9 102.6 106.5 •Data do not cover calendar weeks in all cases. §Computed normal= 100. tDaily average. tWeekly average, 1928-30=100. ISeasonally adjusted. ©Index for week ended Sept. 23, is 136.2. cFFor description of these indexes, see p. 4 of the Dec. 16,1937 issue. WEEKLY BUSINESS STATISTICS1 1939 Sept. 16 Sept. 9 Sept. 2 Aug. 26 1938 Aug. 19 Aug. 12 Sept. 17 Sept. 10 1937 Sept. 18 1936 Sept. 11 Sept. 19 COMMODITY PRICES, WHOLESALE 0.118 0.108 Copper, electrolytic, New York!_ dol. per lb-0.103 0.103 0.103 0.103 0.099 0.099 0.138 0.138 0.095 .095 .098 Cotton, middling, spot. New York. ...do.... .093 .089 .094 .091 .080 .081 .091 .092 .124 2.45 2.31 Food index (Bradstreei^) _ do 2.13 2.15 2.15 2.14 2.44 2.42 2.89 2.86 2.82 36.76 36.01 35.97 35.98 Iron and steel, composite. dol. per ton.. 35.98 35.93 40.19 36.50 36.50 40.21 34.22 .86 .87 .64 .67 Wheat, No. 2 hard winter (Kansas City)..dol. per bu_.67 .63 1.07 .65 1.12 1.22 Banking: FINANCE Debits, New York City ... mil. of dol.. 2,622 2,555 2,897 4,345 2,373 3,976 3,371 3,260 2,500 4,468 3,834 4,256 Debits, outside New York City (140 cities) do.... 3,812 3,629 3,842 4,735 3,260 3,416 3,685 4,593 4,128 Federal Beserve banks: Reserve bank credit, total. _do 2,643 2,873 2,441 2,448 2,453 2,462 2,592 2,598 2,596 2,572 2,495 U. S. Government securities do. 2,594 2,824 2,423 2,443 2,564 2,564 2,526 2,423 2,426 2,526 2,430 11,141 Member bank reserve balances do 11,526 10,633 10,509 8,425 6,865 10,829 10,951 6,710 6,206 4,969 Excess reserves, estimated ..do 5,271 4,590 3,131 4,533 3,034 4,741 4,799 756 1,707 Federal Reserve reporting member banks: 18,096 18,040 Deposits, demand, adjusted do 17,835 18,288 17,641 17,551 15,443 14,827 15,267 14,811 14,910 5,235 Deposits, time _ do. 5,247 5,233 5,250 5,251 5,217 5t238 5,289 5,280 5,031 5,245 Investments, total§ __ do 14,084 14,233 14,162 14,074 12,629 12,183 12,601 14,118 12,274 13,955 14,151 XJ. S. Government direct obligations do 8,512 8,565 8,533 7,792 8,122 7,794 9,376 8,489 8,530 8,190 8,544 Obligations fully guaranteed by U. S. Government mil. of doL. 2,219 2,274 2,236 1,132 1,655 2,267 1,128 2,259 2,222 1,670 1,247 Loans, total§ do 8,178 8,209 8,186 8,659 10,049 8,241 8,156 10,041 8,335 8,315 8,305 Commercial, industrial, and agricultural loansf 4,075 3,912 3,996 mil. of dol.. 3,888 4,159 4,688 4,758 3.917 3,905 1.00 1.00 1.00 Interest rates, call loans!. percent.. 1.00 1.00 1.00 1,00 1.00 1.00 1.00 1.00 1.25 1.25 1.25 Interest rates, time loans! __do 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 Exchange rates: 2.292 2.453 French franc! „„ ___ cents.. 2.625 2.224 2.703 2.649 6.583 3.443 2.649 3.648 2.692 4.053 Pound sterling!..__' dollars.. 4.293 4.681 4.636 4.821 4.681 3.925 5.064 4.954 4.949 4.801 Failures, commercial ___number.. 210 205 155 228 170 221 193 130 141 241 101 Currency in circulation! mil. of dol._ 7,179 7,257 6,574 7,101 7,110 7,246 6,264 6,564 6,565 6,587 7,079 Security markets: Bond sales (2V. Y. S. E.) thous. of dol. par value . 97,980 204,300 29,790 42,950 21,310 43,510 22,060 42,380 20,140 59,440 35,320 Bond yields (Moody's) (120 bonds)%....... .percent . 3.95 3.94 3.71 3.76 3.65 3.98 3.63 3.92 4.11 3.79 4.16 Stock sales (2v\ y . S. E.)_._ ..thous. of shares . 17,539 17,295 5,012 5,865 3,414 7,623 3,093 2,995 6,116 9,267 7,679 Stock prices (N. Y. Times)% „ dol. per share.. 106.94 111.04 96.32 97.71 99.68 116.12 100.30 98.74 132.01 115. 79 94.68 Stock prices (Standard Statistics) (420) 1926=100.. 92.0 95.5 81.6 84.3 86.3 105.3 87.4 89.3 112.7 105.5 81.4 Industrials (350)— __ ..do 109.5 113.7 95.0 98.4 100.3 124.9 101.8 107.9 128.7 125.2 98.5 Public utilities (40) do" 83.2 84.7 82.8 84.5 .87.4 89.2 88.0 74.5 105.9 88.3 68.6 Railroads (30) do. 31.2 23.3 24.2 27.6 25.4 40.9 25.9 27.1 54.5 23.2 41.8 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobilet„ number.. 26,865 41,245 24,240 24,875 17,465 17,485 12,955 35,150 16,100 59,017 26,640 Bituminous coalithous. of short tons— 1,525 1,346 1,235 1,283 1,236 1,542 1,303 1,229 1,573 1,450 Electric power mil. of kw.-hr— 2,290 2,357 2,355 2,368 2,281 2,048 2,215 2,154 2,171 Petroleum! _ thous. of bbl 3,229 2,283 1,691 2,481 3,671 3,550 3,207 3,642 3,239 3,037 Steel ingots®.... _ pet. of capacity.. 58.6 70.2 63.0 62.2 62.1 80.4 71.6 60.1 72.5 45.3 Construction-contract awards! thous. of dol 11,014 8,519 13,840 10,859 9,467 11,025 Distribution: Freight-car loadings, total cars.. 667,409 721,748 674,237 665,197 660,142 568,707 822,795 708,202 789,857 Coal and coke do 140,210 130,861 125,505 124,681 127,151 104,750 156,331 127,703 146,842 Forest products do 30,003 33,232 31,222 31,953 31,371 39,555 30,985 26,619 35,452 33,656 Grains and grain products do 36,297 40,200 40,103 43,604 43,965 35,953 35,900 30,517 33,068 31,700 Livestock do 16,650 14,017 11,234 13,061 12,566 17,964 16,723 14,667 18,738 14,199 Merchandise, 1. c. 1 do 135,770 156,865 154,170 153,373 153,117 156,800 134,392 172,506 147,031 170,719 Ore. _ _ do 49,478 52,491 48,004 49,743 24,994 49,077 59,232 71,586 27,446 Miscellaneous _ " do " 266,819 284,733 265,199 259,453 255,763 265,132 232,768 331,421 282,327 325,806 Receipts: Cattle and calves thousands 239 222 233 214 331 212 275 339 253 310 Hogs do..I. 171 251 199 199 224 223 223 166 267 267 Cotton into sight thous. of bales369 284 135 144 203 380 491 557 480 658 Wheat, at primary markets thous. of bu._ 10,329 12,276 9,965 7,702 8,343 12,384 8,472 8,162 9,620 9,023 2,223 ®Rate for week ended Sept. 23, is 79.3. IDaily average. •Data do not cover calendar weeks in all cases. §No longer strictly comparable; for an explanation, see the corresponding data on p. 30 of the April 1939 issue of the SURVEY. ISource: Ward's Automotive Reports. MONTHLY BUSINESS STATISTICS Monthly statistics through December 1937, to- 1939 to the sources of the data may be found in the August 1933 Supplement to the Survey 1939 1938 Novem- DecemAugust SeptemOctober ber ber ber anuary February March April May June July COMMODITY PRICES Pages 11,12,13,15,131,134 Retail prices: XJ- S. Department of Labor Indexes: Food.— _1923~25-1(XL_ FairchOd'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 (813 quotations) 1926*=100._ Economic classes: Finished products do Raw materials do Semimanufactures do Farm products do 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) dol. per long ton.. 75.1 78.4 78.7 78.1 77.8 78.6 77.5 76.8 76.4 76.6 76.5 76.3 76.5 89.5 89.0 89.0 89.0 88.9 88.9 89.1 89.1 89.1 89.1 89.1 89.1 89.3 96.0 88.6 89.0 90.7 84.1 96.6 89.0 89.4 91.3 84.5 96.5 88.7 89.4 91.1 84.5 96.4 88.7 89.4 90.9 84.5 96.4 88.7 89.2 90.4 814 96.3 88.7 89.0 90.4 84.3 96.3 88.7 89.0 90 5 84.3 96.2 88.5 88.9 90.5 84.3 96.2 88.4 88.8 90.5 84.3 96.0 88.4 88.8 90.5 84.1 95.9 88.4 88.8 90.5 84.1 95.9 88.4 88.9 90.6 84.0 95.9 88.4 88.9 90.6 84.1 75.0 78.1 78.3 77.6 77.5 77.0 76.9 76.9 76.7 76.2 76.2 75.6 75.4 79.1 66.5 74.5 61.0 67.2 81.8 71.4 74.4 67.3 73.0 81.8 72.0 74.7 68.1 74.5 81.1 70^9 75.9 66.8 73.5 80.5 71.5 76.2 67.8 74.1 80.2 7Q.9 75.2 67.6 73.1 80.0 70.9 74.9 67.2 71.5 80.2 70.9 74.4 67.2 71.5 80.2 70.1 74.6 65.8 70.2 80.1 68.5 74.4 63.7 68.6 79.9 68.9 74.3 63.7 6&2 79.6 67.7 74.1 62.4 67.6 79.2 67.8 74.4 62.6 67.5 80.1 81.4 81.3 81.1 80.6 80.3 80.2 80.2 80.4 80.5 80.6 80.2 80.2 20.50 21.15 19.50 20.15 19.75 20.29 20.50 21.14 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 21.15 20.50 2115 22.89 21.89 22.14 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 22.89 .0261 .0268 .0268 .0266 .0268 .0268 .0268 .0268 .0268 .0268 .0264 .0262 .0261 34.00 .0210 13.88 34.00 .0210 13.75 34.00 .0210 13.50 34.00 .0210 12.88 34.00 .0210 14.20 34.00 .0210 13.75 34.00 .0210 13.85 34.00 .0210 14.06 34.00 .0210 14.25 34.00 .0210 13.38 34.00 .0210 12.80 .34.00 .0210 13.56 34.00 .0210 13.56 134.2 133.2 166.9 128.9 127.6 159.7 128.6 127.1 154.8 129.8 128.0 154.8 129.9 128.5 156.5 130.8 127.2 153.1 130.9 129.0 156.5 130.9 130.2 159.7 131.3 130.9 161.6 132.1 130.5 165.3 132.1 130.7 163.4 133.2 131.1 165.3 133.5 130.7 165.3 CONSTRUCTION AND REAL ESTATE Page 16 Contract awards: F . W. Dodge Corp. (37 States): Construction, total value thous. of dol.. 312,328 197,045 Building, total value* do 313,141 187,048 300,900 191,571 357,698 243,693 301,679 211,261 389,439 231,052 251,673 165,162 220,197 148,564 300,661 223,011 330,030 209,061 308,487 210,567 288,316 204,741 299,883 197,831 90,526 21,115 69,410 3,512 1,349 12,527 52,022 86,102 20,808 65,293 2,623 1,201 12,175 49,295 103,869 21,376 82,493 2,366 1,209 15,888 63,031 113,558 22,411 91,147 4,932 1,732 18,411 66,073 113,457 20,233 93,314 6,608 1,449 18,749 66,509 118,096 20,372 97,723 3,581 1,574 14,028 78,540 87,418 19,556 67,861 2,446 2,301 12,771 50,343 86,651 18,318 68,333 3,458 1,403 14,024 49,448 111,815 22,147 89,669 4,768 1,695 17,414 65,792 111,160 22,824 88,335 6,055 2,105 17,655 62,520 112,377 22,692 89,685 6,075 1,615 18,538 63,456 105,086 21,785 83,301 5,345 1,663 17,408 58,886 85,407 20,570 64,838 3,496 2,120 13,999 45,222 28,233 3,540 ' 26,715 3,446 29,517 3,472 30,850 3,728 31,426 3,568 42,470 5,154 28,537 3,667 27,710 3,493 33,478 3,979 29,830 3,618 30,922 3,687 29,791 3,687 25,464 3,271 113.0 124.0 106.0 116.0 109.4 122.0 108.0 120.0 109.5 121.2 112.9 127.0 107.5 118.0 108.8 112.7 109.8 130.0 110.0 117.6 110.0 119.0 111.0 118.0 112.0 '126.0 P89.6 v 101.2 85.2 96.3 94.1 98.5 98.2 96.7 102.2 100.2 193.6 104.9 73.6 98.7 79.7 95.5 85.0 98.8 97.6 97.1 96.3 96.3 95.8 100.8 '91.3 '102.6 38,998 48,259 32,849 39,934 38,556 49,167 46,667 53,345 42,295 51,215 57,085 68,622 24,769 33,551 24,964 34,901 35,730 49,768 41,595 51,236 42,323 69,613 41,302 56,768 33,452 43,941 107.2 131.1 98.2 120.1 121.1 114.6 140.9 108.5 147.2 113.1 183.6 114.8 91.3 120.0 100.1 123.7 115.0 131.0 120.2 130.8 120.5 131.2 120.0 131.7 91.1 124.8 27,581 12,3S0 15,201 34,486 16,274 18,211 3Q, 143 13,311 16,832 31,928 14,165 17,763 33,988 15,312 18,676 30,477 12,794 17,683 963 12,788 1,123 17,915 1,140 17,492 1,122 14,757 952 11,609 917 14,150 675 23 393 252 570,49] 40,365 109,871 420,255 842 33 716 20 464 232 550,666 35,981 129,051 385,634 812 33 496 283 604,445 43,278 137,073 424,091 841 134 461 245 729,749 194,223 128,568 406,958 687 26 427 234 506,380 23,862 118,218 364,300 Composite, finished steel dol. per lb_. Steel billets, rerolling (Pittsburgh) dol. per long ton.. Structural steel (Pittsburgh),..dol. per l b . . Steel scrap (Chicago),...dol. per gross ton.. Purchasing power of the dollar: Wholesale prices _~ 1923-25=100.. Prices received by farmers do DOMESTIC TRADE Pages 26, 27, 30 Advertising: Newspaper advertising: Lineage, total (52 cities) thous. of lines. Classified do._~ Display total do Automotive do Financial do General • do Retail — do— Postal business: Receipts, postal: 50 selected cities ' . thous. of dol 50 industrial cities --. do Retail trade: Chain-store sales: Chain Store Age index: Combined index (20 chains) av. same month. 1929-31=100. Variety-store sales: Combined sales ol 7 chains: Unadjusted - 1929-31*= 100. Adjusted do... Mail-order and store sales: Montgomery Ward & Co...thous. of dol. Sears, Roebuck & Co...... do... Rural sales of general merchandise: Total, U. S., unadjusted 1929-31=100. Total, U. S., adjustedt do... FINANCE > Pages 53, 56, 57, 58, 60,73, 77 Banking: Bank debits, total (141 cities)....mil. of dol. 30,613 28,270 29,525 33,235 29,463 39,966 32,393 18,879 12,425 15,140 13,085 12,247 14,533 13,118 New York City do 17,860 21,087 17,039 18,096 16,023 16,440 17,496 Outside New York City do... Commercial failures:! 1,263 984 875 997 1,015 866 859 Grand total * ... ..number Liabilities, grand total thous. of dol. 11,259 16,382 14,341 13,219 12,302 36,528 19,122 Life insurance: Insurance written:© Policies and certificates, total number 648 1,089 822 712 865 942 760 thousands. 30 71 34 24 16 261 Group -»------ do._ 18 357 755 60S 598 582 518 431 Industrial ... --- do— 262 264 223 176 200 161 250 Ordinary „_.. ~ do Value, total thous. of dol. 584,595 550,960 519,932 592,432 671,262 974,92( 729,937 83,901 33,443 24,924 32,288 43,754 91,294 51,899 4£ 310 645,019 45,205 138,396 461,418 99,363 119,068 156,304 173,641 179,553 182,690 226,085 Industrial do— 381,626 361,213 321,367 380,591 444,818 657,541 578,675 Ordinary do ' Revised. » Preliminary. * New series. Monthly data beginning 1925 will be shown fala subsequent issue.of the Survey.. # Comt Revised series. Rural sales of general merchandise adjusted for seasonal variation revised beginning January 1934; see table 37, p . 17 of the August 1939 Survey, mercial failures revised beginning 1934; see table 3, pp. 17-18 of the December 1938 Survey. •. . © 40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1937, to- 1939 gether with explanatory notes and references to the sources of the data may be found in the August 1938 Supplement to the Survey 1938 August Se e m &ber r - October 1939 N ZT ber ber January March April May June July FINANCE—Continued Security markets: Bonds: Prices: Standard Statistics Co., Inc. (60 bonds) dol. per $100 bond. Industrial (20 bonds) do..., Public utilities (20 bonds)—. d o . . . Sails (20 bonds) do... Value, issues listed on N. Y. S. E.: Par value, all issues mil. of dol. Market value, all issues _do. Domestic issues. do. Foreign issues... do. Stocks: Standard Statistics Co., Inc.: Combined index (420stocks)...1926=100., Industrials (348 stocks) do.__. Public utilities (40 stocks) do... Rails (32 stocks) _ _.do_... Shares listed, N. Y. S. E.: Market value, all listed shares mil. ofdoL, Number of shares listed. millions. FOODSTUFFS Pages 103,110, 111, 112,115 Stocks, cold storage, end of month: Butter, creamery thous. of lb. Cheese (total) do_._ Eggs: Case. ..thous. of cases. Frozen. thous. of lb. Fish, total (15th of month) do.Total meats mil. of lb. Beef and veal ..thous. of lb. Pork, total do... Fresh and cured do... Lard. _ do Lamb and mutton do Miscellaneous meats mil. of lb. Poultry ..thous. of lb. Livestock: Cattle and calves: Receipts, principal markets thous. of animals. Disposition: Local slaughter _do___ Shipments, total. __ _do___ HOSTS: Receipts, principal markets Disposition: Local slaughter Shipments, total ; Sheep and lambs: Receipts, principal markets Disposition: Local slaughter. Shipments, total. _ 81.0 85.8 101.7 55.5 81.3 85.7 98.1 60.0 78.7 84.2 96.3 55.7 81.8 86.8 98.6 59.9 82.1 86.9 99.3 60.2 81.1 86.0 98.7 58.6 81.9 86.2 99.7 59.7 82.1 86.4 100.7 59.0 83.1 87.1 101.3 60.9 79.4 83.8 99.7 54.5 80.2 84.8 101.0 54.8 81.4 86.2 101.6 56.2 52,209 47,297 44,808 2,489 49,424 44,183 41,339 2,844 50,331 44,837 42,041 2,796 50,225 45,539 42,675 2,864 50,301 45,442 42,597 2,844 51,554 47,053 44,268 2,785 51,587 46,958 44,233 2,725 51,466 47,271 44, 524 2,748 52,670 48,352 45,665 2,687 52,564 48,128 45,493 2,634 52,647 48,921 46,179 2,742 52,751 48,571 45,921 2,649 52,610 49,007 46,331 2,676 86.3 100.5 87.0 25.4 89.5 108.0 75.0 27.8 86.0 103.9 72.2 25.5 91.1 109.6 77.4 28.1 94.7 113.6 80.9 30.0 92.0 110.6 77.9 28.8 91.8 109.3 81.2 29.8 90.1 106.3 83.8 28.0 91.7 108.0 85.8 29.7 81.9 95.9 80.0 24.8 83.1 97.0 82.4 25.0 86.0 100.5 84.7 25.9 86.1 100.6 84.9 25.7 41,653 1,430 43,526 1,425 43,527 1,425 47,002 1,426 46,081 1,427 47,491 1,424 44,884 1,425 46,271 1,426 40,921 1,427 40,673 1,427 43,230 1,427 41,005 1,429 44,762 1,430 173,093 124,885 201,252 150,248 210,703 140,755 194,285 132,326 159,254 127,440 128,-872 120,174 111,354 106.411 92,780 91,485 78,909 81,653 70,909 75,345 84,437 79,272 131,609 98,850 165,183 117,598 6,596 135,908 72,770 576 33,147 473,771 361,626 112,145 2,390 66 63,789 5,942 125,018 75,882 548 34,467 451,397 334,777 116,620 1,861 60 54,941 4,765 110,244 84,537 459 36,943 367,177 277,231 89,946 2,318 53 3,244 94,305 85,665 413 41,218 319,312 251,645 67,667 2,606 50 77,692 1,439 78,091 93,024 484 52,637 373,641 299,142 74,499 302 62,903 90,711 671 58,187 537,525 430,104 107,421 3,541 72 139,108 136 50,345 77,088 791 53,126 658,489 526,411 132,078 2,925 76 133,531 165 44,476 62,253 784 46,404 667,419 542,138 125,281 2,773 68 116,229 3,357 1,105 60,465 88,867 40,423 29,756 758 758 40, 970 36,866 652,456 656,746 523,204 527,213 129,252 129,533 2,412 1,956 63 63 90,987 70,568 5,880 117,900 35,295 761 34,650 659,587 520,251 139,336 1,791 65 66,796 S • 81.6 86.3 102.1 56.4 "•7,024 6,977 141,456 144,359 46,965 '59,940 699 749 33,591 * 33,456 645,173 594,581 496,796 454,766 148,377 139,815 1,837 •" 1,893 68 69 67,470 •" 64,918 118,088 1,764 1,946 2,017 2,306 1,900 1,465 1,635 1,294 1,542 1,467 1,737 1,476 1,667 972 795 1,103 821 1,061 950 1,122 1,120 989 927 843 632 975 608 807 496 952 579 869 581 1,068 6-47 934 546 971 664 do 2,007 1,797 1,881 2,255 2,607 2,570 2,699 1,971 2,205 1,996 2,410 2,105 1,948 do .do 1,451 550 1,323 465 1,397 479 1,660 587 1,903 691 1,848 726 1,928 754 1,398 566 1,654 547 1,509 485 1,822 575 1,535 560 1,394 546 __do 2,392 2,664 2,986 2,805 1,945 1,552 1,746 1,546 1,766 lf95l 1,711 2,042 .do __do 968 1,419 1,146 1,495 1,174 1,786 1,124 1,673 890 673 1,063 677 953 595 1,046 720 900 1,082 1,070 884 913 804 983 1,040 thous. of short tons. 3,835 2,729 .do... 34,470 do... 43 METALS AND MANUFACTURES Pages 139,140 Machinery and apparatus: Machine tools, orders, new av. mo. shipment 1926=100. 206.5 FUELS AND BYPRODUCTS Pages 117, 119 Coal: Anthracite: Production Bituminous: Production Coke, beehive: Production _„_ 3,337 4,165. 3,728 4,471 4,953 4,114 3,604 5,296 5,073 3,530 2,912 32,276 35,094 36,110 36,230 35,530 33,910 35,290 10,747 17,880 27,900 ' 29,135 50 56 63 70 79 77 71 20 25 52 M6 120.9. 117.4 118.1 112.2 146.5 150.8 167.1 185.4 155.6 219.8 211.6 230.9 534,037 389 11 542,778 465 11 596,289 481 14 565,307 361 11 591,991 290 12 562,293 264 8 649,237 330 10 546,702 178 13 605,353 143 14 578,448 114 12 521,405 107 10 TEXTILE PRODUCTS' Pages 154,158 Cotton: Consumption _ bales. Exports (excluding linters)§...thous. of bales. Imports (excluding linters) § _do.._ Wool: Receipts at Boston, total thous. of lb. Domestic do... Foreign do... TRANSPORTATION EQUIPMENT Page 1G0 Automobiles: Sales (General Motors Corporation): To consumers in U. S ...number. To dealers, total. __do_._ To U. S. dealers _.do_._ 628,448 219 13 561,406 201 18 39,228 35,287 3,941 44,506* 42,069 2,437: 16,047 10,021 6,026 22,222 18,487 3,735 24,341 21,239 3,103 13,678 9,009 4,670 15,539 5,374 10,164 11,820 66,660 5,160 13,608 5, 17,173 10,241 6,932 31,461 25,641 5,820 55,614 51,401 4,213 55,355 51,247 4,109 76,120 19,895 7,436 64,925 55,431, 34,752 40,796 36,335 16,469 68,896 123,835 92,890 131,387 200,256 159,573 118,888 187,909 150,005 88,865 152,746 116,964 83,251 153,886 115,890 142,062 182,652 142,743 132,612 158,969 126,275 129,053 145,786 112,868 124,618 156,959 124,048 102,031 100,302 71,803 ••Revised. SJRevised series. Data revised for 1937; see tables 19 and 20, pp. 14 and 15 of the- April 1939 Survey.
@FedFRASER