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B4 the Bell, Moonday Aug. 9, 2004


Guest yobob1

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Temporary Open Market Operations for August 09, 2004

Last updated: August 09, 2004 09:51 AM

Number of operations today: 1

 

Delivery date: Monday, August 09, 2004

Maturity date: Tuesday, August 10, 2004

Type of operation: O/N RP

Operation close time: 09:45 AM

Total Money Value of Operation (in $bil.) 4.750

http://www.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE

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Wholesale inventories rise in June, sales stall

WASHINGTON (Reuters) ? Inventories at U.S. wholesalers rose more than expected in June as sales stalled, confirming a soft spot in the month, a Commerce Department report showed Monday.

Stocks on hand at wholesalers increased 1.1%, surpassing Wall Street expectations of a more modest 0.5% gain. Sales by wholesalers were flat, posting their weakest reading since a 0.2% decline in May 2003.

 

The gain in inventories and stagnant sales boosted the inventory-to-sales ratio, which measures how long it would take to draw down inventories at the current sales pace, to 1.15 months' supply from 1.13 in May.

http://www.usatoday.com/money/economy/trad...ies-sales_x.htm

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