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SURVEY OF
CURRENT
BUSINESS
APRIL 1942
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
SURVEY OF
CURRENT BUSINESS
APRIL 1942
ECONOMIC HIGH LIGHTS
2
THE BUSINESS SITUATION
3
Rise in war output
Prices continue advance
Record construction volume this year
Freight traffic lags
Petroleum supplies
3
5
5
5
7
THE CHANGING RELATION OF CONSUMER INCOME AND EXPENDITURE
8
THE GROSS FLOW OF COMMODITIES AND NEW CONSTRUCTION
13
STATISTICAL DATA:
War program in the United States—table 9
Profits and dividends of industrial corporations—table 10
Wholesale prices of Southern yellow pine boards andflooring—table11
Wholesale price of Ponderosa pine boards—table 12
Wholesale price of coffee, Santos number 4—table 13
20
20
21
21
21
Published by the Department of Commerce, JESSE H. JONES, Secretary, and issued through
the Bureau of Foreign and Domestic Commerce, CARROLL L. WILSON, Director
Volume 22
Number 4
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451744—42
1
1
SURVEY OF CURRENT BUSINESS
April 1942
Economic Highlights
Rents Advance in Defense Areas
Shift in Output of Finished Steel
Rents rise markedly in many arms-producing centers. Labor
migration has reduced vacancy ratios . . . higher incomes also
contribute to mark-ups. The advance varies widely. Several
small towns report rents more than half again as high as 2 years
ago . . . a considerable number of larger towns and cities show
an increase of 10 to 25 percent . . . but the rise in the majority
Output of finished steel products moves ahead slowly . . .
January-February total of 9.9 million tons was only 5 percent
ahead of year earlier. But pattern of production is shifting
radically under wartime needs. Largest gain relatively is in
plates, with output up 68 percent over January-February
1941. These are essential to machinery, shipbuilding, railroad
PERCENTAGE INCREASE
40
|
MILLIONS OF NET TONS
4
| TOTAL, LARGE CITIES (INCLUDES DEFENSE AND NONDEFENSE AREAS)
^ [ 1
DEFENSE AREAS FOR WHICH CONTROLS WERE ANNOUNCED MARCH 3, 1942
\%#\
DEFENSE AREAS FOR WHICH NO CONTROLS WERE ANNOUNCED UP TO MARCH 3, 1942
30
20
10
TOTAL,
LARGE
CITIES
WILMING- ALBANY
TON, a JEFN.C
FERSONVILLE,
IND.
SAN
DIEGO,
CAL.
BIRMINGHAM,
ALA
WICHITA
KANS.
SEATTLE,
WASH.
DETROIT,
MICH.
BALTIMORE,
MD
CLEVELAND,
OHIO
JAN. a FEB.
1942
JOHNSTOWN,
PA.
AND
STRIP
PLATE (Sheared
and
Universe l)
EXCL. TOOL
STEEL BARS
AND
TUBE
STRUCTURAL
SHAPES
(Heovy)
ALL
OTHER
D.D. 42-131
Percentage Increase, January 1942 from June 1940, of Average Rents in
Large Cities and Selected Defense Areas.
Production for Sale of Steel Products.
of areas runs less than one-tenth. In general, small towns have
lower vacancy ratios . . . an inadequate number of residential
units in which new workers can be absorbed through doubling
up . . . and rents climb more rapidly than in the large cities.
First move for widespread Federal control, made by O. P. A. on
March 3, gives 20 groups of communities 60 days to restore rents
to recommended levels . . . generally those prevailing about a
year ago. If not done, Federal control will be instituted. Other
areas with similar rent advance soon will be added to list.
equipment, other basic lines . . . and still constitute a bottleneck. Sheet and strip facilities are being converted to plates.
Sheets are still a principal item, but production now is more
than a fourth lower than a year ago. Cessation of passenger car
output freed much of this finishing capacity for wartime use.
Structural shapes, pipe and tube, are both expanded in pace with
record plant construction. Of other items, only rails are down to
any extent . . . approximating mid-1940 production. Further
shifts soon will be required.
Employment Expands—Adequate Labor Force
Employment expands in face
of decreasing civilian output.
Automobile companies reduced
work force only one-fifth with
February cessation of passenger car production . . . at
same time total labor in
manufacturing increased.
However, gain in aggregate
civilian employment which excludes armed forces—will be
small this year. B. L. S.
expects advance of less than
1.5 million, compared with
almost 4 million increase from
J u n e 1 9 4 0 - J a n u a r y 1942.
Widespread shifts within and
among industries are required
. . . with vast labor training
programs necessary.
Fourth
quarter work on all phases of
MILLIONS OF PERSONS
60
war production will use approximately
15 million . . .
only 5 million were so emAGRICULTURE
NONAGRICULTURAL
PROPRIETORS, SELFEMPLOYED PERSONS,
CASUAL WORKERS, AND
DOMESTIC SERVANTS
ployed during fourth quarter
1941.
Most of this expansion
is to be achieved at expense of
civilian output, nonagricultural
labor so employed declining
30
from 29.5 to 22 millions. EmCIVILIAN PRODUCTION
ployment in agriculture may
be reduced one-half
20
million,
though output is to increase.
Notwithstanding expansion of
10
WAR PRODUCTION
armed forces, total labor force
this year is not a problem.
Chief difficulties are in short-
4th Qu.
1940
4 t h Qu.
1941
4 t h Qu.
1942
Civilian Employment.
ages
of
specific
skills
inadequate mobility.
and
April 1942
SURVEY OF CURRENT BUSINESS
The Business Situation
T^TOTWITHSTANDING constant change in the
-L^l framework within which business is operating,
activity in the aggregate continues to move ahead.
The advance directly reflects steady progress in the
war program—a progress sometimes obscured by the
lack of sweeping change from day to day. However,
comparison of the economy at the start of the second
quarter with that existing at the outbreak of hostilities
reveals substantial and significant alterations. It is in
the sum of these that the strength and weakness of the
economic effort to date are shown most clearly. The
end result of the program thus far is best summarized
in the expansion of war expenditures from 1.4 billion
dollars in November to 2.8 billions in March.
Rise in War Output.
In the matter of industrial activity, the drive for
added war output has lifted the aggregate of production
even while changing radically its components. In
March, the Federal Reserve's adjusted index climbed
to 174 (preliminary) from the 173 in February. The
December total was 167. Output of products essential
to the war effort has contributed the whole of this gain
as well as compensating for declines in other components. Thus, the index of activity in the transportation equipment industries moved from 280 in November
to 315 in February, with an acceleration in the pace of
the advance during March. This group includes aircraft, shipbuilding, railway equipment, and automobile
producers, and the considerable rise in the aggregate
of their activity through February occurred in the face
of the elimination of passenger car output for civilian
use.
Machinery production has moved ahead in similar
fashion, the index increasing from the November 229
to 257 in February. The all-important machine tool
output was expanded to a monthly total of 93 million
dollars by February (November output was valued at
81 millions). To this, of course, should be added the
substantial quantity of tools being converted from
civilian production to war output. Despite these gains,
however, certain types of machine tools still remain a
limiting factor to the production of finished arms.
Very drastic curbs—in many cases amounting to
practical elimination—on the production of electrical
appliances and other metallic household goods have
been promulgated over the past several months. But
for the most part these become effective only after
April, and in many instances output during the first
quarter was not reduced seriously from that which had
been scheduled by orders drawn up in the late months
of 1941.
Serious limitations to the advance in war material
have been presented by certain raw materials and metal
products necessary for further fabrication. In the
case of aluminum, expansion of ingots and such fabricated items as extrusions and forgings has lagged behind
the growth of arms processing facilities.
Table 1.—Indexes of Industrial Production, Adjusted for
Seasonal Variation l
[1935-39=100]
Industry
Industrial production, total
Durable manufactures
Iron and steel _ _ _ _ _
Nonferrous metals
Transportation equipment1
Machinery
Lumber and products
Nondurable manufactures _ . Chemicals
Petroleum refining
Textiles and products
Leather and products
Manufactured foods. _'
Minerals
_. _.
Bituminous coal. _ _. _ _.
Anthracite coal
February
1941
November
1941
February
1942
144
166
,173
176
179
173
203
177
135
126
124
117
143
108
120
118
114
102
209
191
190
280
229
135
143
149
133
156
134
140
131
125
P227
97
193
P192
P315
v 146
143
P157
v 159
v 122
P139
130
P120
p 109
p
1 Preliminary.
The index includes data on aircraft, automobile, locomotive and railroad car
industries, and shipbuilding (Government and private yards).
Source: Board of Governors of the Federal Reserve System.
With steel, the principal shortage continues to be in
plates, as stated on the page opposite. Output of
ingots was again at a new peak of 7,392,911 tons in
March. The shortage of scrap eased somewhat as the
campaign to salvage more steel from automobile junk
yards and farms supplemented seasonally large scrap
supplies. The scrap shortage, moreover, has been
offset to some extent by the completion of new furnaces
augmenting pig iron production. In this regard, it is
planned to move some 92,000,000 tons of iron ore from
upper Lake ports within 1942. The current season
opened the earliest in history as the first boats docked
at lower Lake ports in the latter part of March, a
fortnight ahead of last year's inaugural. Regular ore
vessels are being supplemented this year by converted
automobile carriers and other boats, some flying the
Canadian flag.
Bituminous coal production has declined slightly
since November, though efforts have been made to
induce increased buying at this time. March production of 47,400,000 tons was 2 percent under that of
March 1941, when the threats of work stoppage led to
a sharp expansion of output and shipments. Industrial and retail dealer stocks were the highest on record
at the year end. Through February (the latest data
available at this printing) stocks experienced the usual
seasonal decliDe. The total of 57 million tons was
one-sixth more than a year previous, but the rate of
consumption has risen to almost an equivalent extent
over the same period.
SURVEY OF CURRENT BUSINESS
Chemical production is increasing rapidly. The
index in February stood at 157 as compared to 149 in
November. Nevertheless, facilities for turning out
finished ammunition are now in such magnitude as to
require a heavier output of certain specific chemical
items than is yet forthcoming. Expansion of this complex of industries will be continuously evident throughout the second quarter.
Heavy Food and Apparel
Manufacturing.
Figure 1.—Indexes of Production of Textiles, Adjusted for
Seasonal Variations
1935-39 « 100
200
Oooooo
RAYON
X o oo
J^
v'
J
COTTON
100
•^
y'
\
JJ"
\
\
1 I 1 1 1 1 1 1 1 1 1
1940
1 1 1 1 I 1 1 1 1 1 1
1941
1
1
1 I
1 1 !
1 1 1 I
1942 0.0.42-132
i Data subsequent to November 1941 are not available for publication.
Source: Board of Governors of the Federal Reserve System.
ducers remained at peak levels after adjustment for
seasonal factors. However, a general curtailment of
imports brought about by diversion of scarce shipping
facilities or loss of production centers is affecting the
pattern of output in all of these industries.
In the case of foods, the problem is one of packaging
(discussed in the March Survey), produced by the
elimination of tin supplies from the Far East. Among
the textiles, drastic curbs have been enforced on the
production of woolen goods for civilian use. To date,
however, woolen output has declined only in small
degree, as military requirements are extremely heavy
and raw material stocks have been sizable. On the
other hand, cotton consumption, unaffected by raw
material problems, has advanced to a new record level—
in part a response to the diversion of demand from
woolens. However, activity in this industry is increasingly hampered by inadequate equipment for certain of
the processes, especially in carding and spinning.
Shoes are another apparel line expected to be affected
adversely by import curbs. Most of the increased output of shoes (as well as other leather products) in 1941
was made possible by a very large expansion of leather
imports, particularly cattle hides and kip skins. Necessary tanning materials also were imported in increased
volume. Though imports of these raw materials are
now smaller, stocks on hand are sizable and shoe production the first quarter was running about one-tenth
above a year earlier. However, much of this output
was in answer to military needs, and production for
civilian use fell below that of 1941.
Buying Not Abnormally High.
The extent of the effect of the war effort on manufacturing activity is revealed in its influence on the
output of such civilian staples as food, apparel, and fuel
for transport. Problems of the latter are reviewed in
some detail below. With apparel, stimulus of military
needs—including necessary shipments to the Nation's
Allies—induced a further rise in production during the
first quarter, while activity of manufactured foods pro-
150
April 1942
With the exception of automobiles and certain rubber
products, little of this curtailment in the output of
consumer goods had yet been felt by the consumer at
the end of the first quarter. Large stocks had been
accumulated by merchandisers of many goods. In
part, this accumulation occurred in anticipation of
eventual shortages. But in numerous instances—articles of apparel are an illustration—production normally
occurs many months in advance of selling. Whatever
the reason for the inventories, these stocks thus far have
softened the impact of reduced production for civilian
use on sales.
Dollar value of retail sales within the quarter remained high when contrasted with the experience of
sellers in past years. Thus, the adjusted index of all
retail sales stood at 140 in February (the peak was 147
in January) and probably increased slightly in March.
This aggregate was only 5 percent ahead of February
1941. However, dollar sales of such stores as general
merchandise, food, and apparel shops have exceeded
those of a year earlier by approximately a fifth, a fourth,
and a third, respectively. On the other hand, automotive sales are down very sharply.
In assessing current sales volumes, two factors must
be kept in mind: the large volume of consumer income
and the degree of the price advance within the past
year. After adjustment for the latter, the gain in sales
over first quarter 1941 even of food, apparel, and general
merchandise stores is cut very sharply, while total retail
sales are lower than a year ago.
As demonstrated more extensively in the article on
page 8, this is in sharp contrast to what might be
expected, on the basis of past relationships, with the
current volume of income available to consumers for
disposal. Thus, it appears that the heavy buying of
recent months was in general not abnormal. Consumers have purchased ahead only certain specific items,
the supply of which clearly will decline in future months.
This is not to say that such heavy purchasing may
not lead to disruption of markets with the necessity
for public intervention to assure a rational and equitable
distribution. If incomes held by consumers for disposal on goods and services are larger than those
required to clear the market, some consumers may
receive none of the scarce commodities whatsoever,
while others receive more than they normally have used
in the past. To prevent situations of this character
April 1942
SURVEY OF CURRENT BUSINESS
facilities, this process has not made possible any slackening in the construction of new plant. Public contracts for both new and converted defense facilities
awarded between June 1940 and the end of November
1941 amounted to 5.1 billion dollars. By the end of FebPrices Continue Advance.
ruary, this aggregate had been increased to 9.3 billion.
In the absence of effective price control, an excess
An even larger advance in the construction of such
of consumer purchasing power in relation to commodity
direct military items as barracks, airfields, docks, and
supplies not only results in a maldistribution of goods,
fortifications has been scheduled. Moreover, to this
but this process also is accompanied by rising prices.
activity should be added the very sizable amount of
Thus far, price control has been selective, with emphasis
residential construction that must be undertaken either
placed on important raw materials and finished products
under public or private auspices to assure adequate
at the wholesale level. Despite the establishment of a
housing in defense areas. The F. W. Dodge Corporation
large number of new price ceilings during the first
reported residential contract awards for 37 States
quarter—about 125 were outstanding at the end of
for the first quarter as totaling 490 million dollars, about
March, covering 36 percent of the total value of output
30 percent higher than the same period a year earlier.
at wholesale, while 59 ceilings embracing 14 percent
It is not likely that the value of residential conof the total value were in existence on December 15—
struction this year will quite match that of 1941, howprices have continued to move upward. The Bureau of
Labor Statistics7 weekly index of wholesale prices had ever. To date, a large volume of residential building
climbed above 97 in late March from slightly less than has continued without benefit of priority. New regu94 at the year end, while the cost-of-living index moved lations, however, require War Production Board apfrom 107.7 to 108.6 from December through February. proval for all residential construction (except maintenance and repair) costing 500 dollars or more. PerThough the price rise today is slower than that of mission must also be obtained to undertake agricullast summer and early autumn, such important elements tural building or other construction in excess of 1 thouof the cost of living as foods, textiles, and household sand and 5 thousand dollars, respectively.
furnishings have continued to advance at both wholesale and retail. The Office of Price Administration
Freight Traffic Lags
during March entered the retail field on a considerFreight traffic during the first quarter exceeded
able scale, with establishment of maximum prices
that of last year by about 8 percent. However, gains
for a number of consumer durables, the production of
which was to be eliminated by order of the War Pro- as compared with a year earlier have been narrowed
since February, and weekly carloadings for the quarter
duction Board.
It now is clear that extension of this control will be averaged about 781,000. In terms of the war program
required over coming months as consumer incomes mapped out for 1942, and the rail traffic it is believed
expand. The administrative complexities attending to entail, this volume is small. If production goals
widespread retail price control are such, however, that are to be met, it is not unreasonable to expect weekly
a fundamental change in policy and procedure on the carloadings to approximate or exceed 1 million during
part of the Office of Price Administration may be much of the second half of this year, providing the cars
can be made available. The relatively low utilization^
necessary within the near future.
facilities during the first quarter, then, will only presage
Record Construction Volume This Year.
a more severe strain on equipment in later months.
Construction is one of the industries whose outlook
A breakdown of carloadings into the principal
has been radically changed by the actual outbreak of categories is set forth in table 2. As is evident, by
hostilities. Whereas in November it had been thought far the largest gain on an absolute basis is shown in the
that essential requirements., in the face of raw material miscellaneous component, which includes the bulk of
shortages, would be such as to reduce 1942 activity industrial freight.
During the past quarter miscellaneous loadings stood
somewhat from that in 1941, it now seems likely that
construction will of necessity be the largest on record. 15 percent above the like period of 1941. Of course,
The total is expected to exceed 11.5 billion dollars, as this group bears the main impact of civilian curtailcompared to 11.0 billionlast year, and 10.7 billion in 1929. ments now taking effect. On the other hand, it also
This marked advance—expected despite the War includes the increasing shipments of commodities
Production Board's order of early April virtually essential to the production of war material as well as
halting nonessential building—is the result of a very the finished arms themselves. The best preliminary
great increase in construction required for military appraisal that can be made of these suggests they may
and naval purposes. Though manufacturing plant add this year (after estimated allowance for curtailed
for production of war materials is being substantially civilian traffic) as much as one-fifth or even one-fourth
augmented by a wholesale conversion of existing civilian to the miscellaneous loadings of 1941.
from arising, the Government may be forced to ration
commodities which are scarce relative to the current
monetary demand, but plentiful when compared with
consumption during most of the thirties.
SURVEY OF CURRENT BUSINESS
6
Table 2.—Gars of Revenue Freight Loaded
[In thousands]
Weekly average, first
13 weeks
Annual
Group
Percent
change
1940
Total carloadings
.. - _ .
Miscellaneous
Coal
- -.
Coke
Ore
-Forest products
Grain and grain products
Livestock _.. . _ _
Merchandise, less-than-carload lots
.- .
1941
36,358
14, 842
6,820
549
2,148
1,800
1,835
685
42, 285
18, 436
7,590
678
2,682
2,185
2,022
650
+16.3
+24.2
+11.3
+23.5
+24.9
+21.4
+10.2
7,679
8,041
1941
1942
Percent
change
-5.1
722
310
154
14
13
38
32
11
781
355
157
14
15
44
39
11
+8.2
+14.6
+1.8
+2.3
+11.7
+ 16.2
+24.6
+7.0
+4.7
164
146
April 1942
more serviceable freight cars than last October, including
19,300 built during February and March, against the
new construction of 54,000 authorized for 1942. Completion of the remainder, together with a further reduction in "bad orders" to the record low level of 3 percent,
would add another 45,000 by October.
Figure 2.—Shipments of Railroad Freight Cars and Locomotives
-3.7
THOUSANDS
Source: Association of American Railroads.
In contrast with the increase shown in miscellaneous
traffic, coal loadings were up less than 2 percent. Indeed, after the beginning of March they were below
the high volume loaded last year in anticipation of the
April mine stoppage. Studies of coal requirements for
all of 1942, however, indicate that it will probably be
necessary to move about 8.3 million carloads, compared with 7.6 million in 1941, or an average of close
to 160,000 weekly throughout the year.
To date, this volume has not been equaled, the average for the first 13 weeks being 157,000 carloads. Because available gondola and hopper cars must also
accommodate the essential movement of ore, as well
as coke and other commodities (sand, gravel, etc.), it
was hoped that a larger tonnage of coal could have
been moved prior to the opening of the Lakes season.
Over the period, more than 23,000 such cars, on the
average, were reported ready for use but nonetheless
inactive (with another 32,000 in "bad order" condition
awaiting repairs).
In forthcoming weeks, moreover, the usual slackness
in coal loadings below the capacity of available cars
would involve grave danger of eventual shortage. The
failure to move coal into consumer and dealer inventories
as rapidly as possible over the near term may result in
demands for the shipment of this commodity later in the
year that it would be impossible to satisfy.
The additional burden placed upon the railroads by
traffic diverted from ocean shipping will be significant
this year. Petroleum and other commodities ordinarily
carried in the intercoastal and coastwise trades are
equivalent to about 3 million carloads a year (60,000
weekly). Much of this trade, of course, involves rail or
truck movement at origin or destination, or both.
Diversion means longer rail hauls as well as increased
carloadings. Already part of this extraordinary traffic
has been absorbed. In the case of petroleum and its
products, however, railroad tank car capacity will not
be equal to the task—a fact demonstrated in more detail
below.
Small Increase in Equipment Supply.
To cope with heavier traffic in prospect later this year,
railroads currently have on hand only about 50,000
the
40
1940
1941
1942
NOTE.—Freight car shipments are domestic only and do not include tank and
refrigerator cars; locomotive shipments are both domestic and export. Locomotives
and freight cars built in Class I railroad shops are included.
Sources: Freight car shipments, American Railway Car Institute; locomotive
shipments, U. S. Department of Commerce; freight cars and locomotives delivered
by railroad shops, Association of American Railroads.
If the railroads are called upon to handle 1 million
loads weekly for extended periods, as seems probable,
it is evident from, table 3 that car utilization (indicated
by turn-around days per load) would need at least to
equal that of October 1939. That standard of performance, however, was not attained in the autumn of 1941,
despite the pressure to do so exerted by larger traffic
volume. In fact, given only the performance of last
October, it appears 1 million loads weekly would more
than exhaust surplus and eventuate in car shortages.
The stringency in freight car equipment this coming
autumn could be relieved, of course, by building more
cars. Construction since last October has been in the
neighborhood of 8,000 monthly, as shown in figure 2,
with somewhat over 9,000 built in February and almost
10,000 in March. Car-assembly capacity exists to
increase this rate. The railroads have about 70,000
cars on order, and are prepared to place additional orders
for the delivery of altogether 80,000 or 90,000 before
next October.
Materials for new cars, however, are not only limited
in supply but also required for essential machinery,
ships, and certain armaments. The most critical shortages now exist in steel plates. The present authorization of 54,000 cars is expected to be completed within
the next few months. Some further construction this
year may be approved, but for the most part it appears
the choice as to the disposition of these scarce materials
must of necessity favor diversion to armaments production, including ships and machinery.
SURVEY OF CURRENT BUSINESS
April 1942
Table 3.—Freight Gar Supply and Utilization, 1939-42
[Cars and carloads in thousands]
October
October
1940
October
1941
October
1942,
estimated
1,643
218
1,861
183
1,640
217
1,679
242
i 1,750
245
1,857
126
1,921
72
1,995
52
Serviceable car supply
Reported surplus cars (serviceable but
inactive) 2 . _.
- ._
1,678
1,731
1,849
1,943
66
83
41
41
Serviceable cars active
Carloads weekly 3
1,612
839
1,648
817
1,808
916
1,902
1,000
13.4
14.1
13.8
13.3
Item
1939
Cars owned by class I railroads
Privately owned cars on class I lines
Car supply
"Bad order" cars
-
- .._
.
T u r n - a r o u n d t i m e of active cars, average
d a y s per l o a d - . _ _ _ _ _ _
___
1
Assuming construction subsequent to February 1 of only 54,000 cars as authorized January 1, 1942, and April 8, 1942.
2
Excludes surplus privately owned cars on Class I lines. The Association of
American Railroads discontinued reporting these in May 1941.
3
Average of four highest consecutive weeks.
Source: Cars and carloads except 1942 estimates, Association of American Railroads.
situation, however. Until the middle of 1941 a large
part of the annual output in that area (71 million
barrels in 1940) went to Japan.
The heaviest production of crude petroleum in the
United States is confined to the central regions (the
Midwest and Southwest) and to California. However,
the East normally is responsible for approximately
one-third of the aggregate consumption. Of this
amount, more than nine-tenths has moved to the
East Coast by tanker, being shipped mostly from the
Gulf Coast, with smaller quantities from the Caribbean
countries. Thus, in 1941, some 430 million barrels
Figure 3.—Stocks of Gasoline and Distillate and Residual Fuel
Oils
MILLIONS OF BARRELS
250
200
Much the same materials situation prevails in the
case of locomotives. Deliveries to the railroads have
continued at a relatively high rate, though apparently
below that necessary to fill the railroads' orders for
about 700 steam and Diesel units this year. Locomotive requirements for export also have cut into those
available for shipment to domestic carriers.
With new construction of railroad equipment severely
handicapped, increasingly effective use of available supplies has become essential. One fruitful field for economies exists in the handling of merchandise in less-thancarload lots. To this end the Office of Defense Transportation recently directed that heavier loading of such
shipments be made, and, so far as possible, that duplicate services in the field be consolidated or eliminated.
Petroleum Supplies
Automobile transport, already curbed by the virtual
elimination of rubber for civilian use, was further curtailed during March through a reduction in gasoline
deliveries to service stations on the East Coast and in
the Pacific Northwest. Pending inauguration of formal
rationing, deliveries have been cut one third below
a base period consisting of the average consumption
in December-February, adjusted for the seasonal change
exhibited during 1941. At the same time, fuel oil has
been denied to those consumers in possession of equipment capable of utilizing other fuels.
As has been frequently pointed out, any petroleum
problem in the United States at the present time, at
least insofar as the aggregate is concerned, is a matter
of transport. Both production of crude and refining
capacity in this country are adequate to meet current
domestic and foreign demand. Output of crude last
year rose to 1.4 billion barrels, about two-thirds of
the world's total. Of course, some conjunction of circumstances might at a future date result in demands
that press on available production capacity. The
Digitized for loss of Far Eastern oil supplies did not create such a
FRASER
150
100
1942
Sources: Data through January 1942, U. S. Bureau of Mines; data for February
1942 estimated by the U. S. Department of Commerce.
of petroleum products (31 percent of the Nation's
crude output) moved from the Gulf Coast to the East.
Decline in Tanker Shipments.
Recent diversion of ships to military use, in combination with losses through enemy action, have sharply
reduced the number of tankers engaged in this traffic.
A similar situation has occurred on the West Coast,
thereby vitally affecting petroleum supplies to Oregon
and Washington. As a result, consumption began
abnormally to outrun incoming supplies, with a consequent reduction in stocks. Thus, as is evident from
table 4, stocks of gasoline and fuel oil on the East
Coast as of mid-March were under those of a year
earlier; whereas they were higher for the countrv as
a whole.
Table 4.—Estimated Stocks of Gasoline, Distillate Fuel Oil,
and Residual Fuel Oil
[Millions of barrels]
Week ended—
Item
United States:
Gasoline
Mar. 14,
1942
Mar. 15,
1941
Distillate fuel oils
Residual fuel oil
110.6
33.0
72.7
98.0
32.5
83.3
East Coast:
Gasoline
Distillate fuel oils
Residual fuel oil _
19.3
6.3
5.4
20.3
10.7
9.0
Source: U.S. Bureau of Mines and American Petroleum Institute.
(Continued on page 20)
8
SURVEY OF CURRENT BUSINESS
April 1942
The Changing Relation of Consumer Income
and Expenditure
By R. B. Bangs
IS a commonplace that modern warfare makes
IT enormous of a nation.upon thethe middle of 1940 the
demands
productive capacity
and resources
Since
of draining away the excess consumer income so that
it does not force the prices of available consumption
goods and services to unreasonable levels. Increased
American armaments program, which became a war personal taxes, increased voluntary or forced savings
program on December 7, 1941, has been gathering by consumers, and withholding by business enterprises
momentum. The output of military equipment which of a part of their proceeds as business savings are all
had been realized up to the end of 1941, however, was methods of partially removing some of this excess of
attained largely from an increase in total production money income and thus of helping to prevent the
rather than from a diversion of resources from civilian development of extreme upward pressure on the retail
goods production. More labor was drawn into em- price structure.
ployment, hours of work were extended, existing plant The Relation of Consumption to Income
capacity was more fully utilized, and new plants
As a measure of the effect of war on the broad income
erected for military purposes were brought into proand expenditure pattern of consumers and for the light
duction.
that may thus be thrown upon the problem of the^size
Because war production, at least until December 7,
of the inflationary gap, it is important to consider
was to a large extent supplementary to the output of
statistical information dealing with the relation of
peacetime goods, these latter products continued to be
income and consumption. For this^purpose we may
manufactured in enlarged volume during the year prior
compare aggregate consumer expenditures for goods and
to the actual outbreak of hostilities. Hence the basic
services with the total disposable incomejrf individuals.
stimulus from arms expenditures generated a sharp
expansion of income, much of which was paid out to Figure 4.—Relationship Between Annual Rate of Monthly
Consumer Expenditures and Disposable Income of Indiindividuals in the form of higher wages, salaries, divividuals, Adjusted for Seasonal Variations
dends, and increased prices to farm operators. Some
100
of this increase in income naturally was saved but the
/
bulk of it was used by consumers to buy additional
/
goods and services.
en
/
So long as war production did not seriously impede
!J 90
/
the output of consumption goods, this enlargement of
u
_
AVERAGE RELATIONSHIP 1929-1940-*^/
o
the income flow did not pose a major inflationary prob/
1^^1942
lem. The relation of aggregate consumer expenditure
2 80
/
to total disposable consumer income continued to be
\
^
about the same as in past years.
<r
/
But as the war program grew in size the necessity for
z>
5 70
restricting output of consumer goods became more
z
evident. Shortages of material, equipment, and trans/"v* 40
portation and the need to convert industries to a waroc
time basis forced the curtailment of many lines of civil| 60
/
ian production. Yet the incomes of individuals have
Note.- Figures curves indicate
months
on
continued to grow as the war industries have paid out
a continually increasing flow of income.
50
This situation, with consumer income expanding but
70
80
90
100
110
DISPOSABLE INCOME (BILLIONS OF DOLLARS)
the supply of goods and services available for consumpSource: U. S. Department of Commerce.
tion contracting, obviously implies an inflationary
The Bureau of Foreign and Domestic Commerce
danger which, in the interests both of a maximum war
effort and an equitable distribution of the war burden regularly prepares estimates of aggregate income paymust be controlled. The problem, apart from the price ments to individuals, both on an annual and on a
control and rationing of the very scarce articles, is one monthly basis. Deducting from these figures estimates
DOL
CO
CO
CD
CO
EXPE
/
12
*
SURVEY OF CURRENT BUSINESS
April 1942
of the total direct taxes paid by individuals x one can
obtain series measuring the disposable income of
individuals or the total which in each period is to be
distributed between consumption expenditure (including
indirect taxes) and savings.
Utilizing information on the composition of the gross
national product together with indexes of retail sales
one can also obtain estimates, both on an annual and
a monthly basis, of aggregate consumer expenditure.2
These expenditure series may then be compared with
the disposable income series to show how the expanding
flow of consumer income is being used. On the basis of
this comparison we also obtain, as a residual, a series
measuring the indicated total volume of net savings by
individuals.3
Table 1.—Annual Rates of Disposable Income, Consumption
Expenditure, and Savings of Individuals
Data Adjusted for Seasonal Variation
[Billions of current dollars]
Year and month
January
February.. _
March
April
May.
-.
June
July
August
September..
October
November..
December..
January
February. _.
March
April
May
June.
July
August
SeptemberOctober
November..
December..
January...
February..
1940
1941
1942
Disposable
Consump-
income
penditure
Savings
Table 2.—Disposable Income, Consumption Expenditure, and
Savings of Individuals
Data Unadjusted for Seasonal Variation
[Millions of current dollars]
72.0
71.6
70.8
71.0
71.6
71.7
72.7
73.7
74.6
75.3
75.9
77.4
63.3
64.0
64.6
63.4
64.3
65.0
64.6
65.6
64.6
65.0
67.5
67.9
8.7
7.6
6.2
7.6
7.3
6.7
8.1
8.1
10.0
10.3
8.4
9.5
80.0
81.2
81.8
82.5
84.8
89.1
87.8
90.2
91.8
93.0
94.3
98.2
69.6
72.0
71.6
72.8
74.5
73.7
76.2
78.6
73.6
72.6
75.9
74.6
10.4
9.2
10.2
9.7
10.3
15.4
11.6
11.6
18.2
20.4
18.4
23.6
96.4
97.5
80.5
79.1
15.9
18.4
Source: Division of Research and Statistics, Bureau of Foreign and Domestic
Commerce.
1
In preparing the estimates of disposable income, direct personal taxes—that is
taxes paid by individuals which are not a part of the price of some commodity or
service purchased—were deducted from income payments on a collections rather than
an accrual basis. This raises no particular problems so long as we use only annual
disposable income totals. But in estimating disposable income monthly we should
properly subtract monthly tax collections from monthly income payments. Federal
monthly tax collections are bunched somewhat around the quarterly tax dates while
State and local tax collections also tend to be somewhat uneven, though less so than
the Federal collections, due to the variation in fiscal periods among the more than
180,000 State and local government divisions. In the absence of proper data needed
to construct a reliable monthly series of all personal direct taxes, we have employed
a method which in essence makes these collections proportional to income payments.
Needless to say, if a reliable tax collections series could be obtained or if taxes were
treated on an accrual rather than a payment basis the monthly disposable income
series might be quite different in month-to-month changes.
2
The National Income Unit of the Division of Research and Statistics is now engaged in preparing comprehensive direct annual estimates of consumer expenditures
by measuring the flow of commodities and services passing to consumers. Until this
work is completed, however, we can obtain consumer expenditures only from an
analysis of the composition of gross national expenditure.
3 The series designated as the indicated savings of individuals contains in addition
to consumer savings the retained net earnings of unincorporated business firms.
Prior to 1941 the Bureau of Foreign and Domestic Commerce national income estimates showed as business savings the retained earnings of both corporations and
unincorporated establishments. At present, however, the former noncorporate
business savings are not shown separately but are lumped with consumer savings.
This procedure avoids the troublesome problem of endeavoring to separate the savings
of individuals in their consumer and business capacities and is felt to be more realistic
than the previous method.
451744—42
2
In table 1 are shown monthly estimates of the dollar
volume of individuals' disposable income and consumer
expenditure at annual rates for the period beginning
January 1940. Both monthly series are corrected for
seasonal variation. Since the pattern of seasonal variation which is observable in the two series might well be
quite different, it is important also to inspect the seasonally uncorrected data.
Table 2 shows the same data which appear in table 1
save that the series are actual dollar amounts, not annual
rates, and are before seasonal adjustment. As can
readily be observed from the table, the intra-year peaks
and troughs in both the income and expenditure series
correspond quite closely so that the general relationship
between consumer expenditure and income is very
much the same in either the seasonally adjusted or
uncorrected cases.
Year and month
January
income
Consumption expenditure
Savings
1940
5,985
5,515
5,896
5,886
5,626
6,193
6,009
5,711
6,356
6,587
6,151
7,285
1,195
614
619
550
171
676
874
482
851
974
384
821
64,989
8,211
6,572
6,254
6,849
6,814
6,723
7,549
7,337
7,144
7,916
8,112
7,704
8,914
5,251
5,488
5,760
6,222
6,293
6, 283
6,029
6,229
6,286
6,260
7,208
1,321
766
1,089
592
430
1,266
1,308
915
1,630
1,852
1,216
1,706
87, 888
Total for year_
4,790
4,901
5,277
5,336
5,455
5, 517
5,135
5,229
5,505
5,613
5,767
6,464
73, 200
February...
March
April
May
June
July
August
September.
October
November..
December..
January
Disposable
73, 797
14, 091
7,643
7,150
6,076
5,521
1,567
1,629
1941
February...
March
April..
May
June
July
August
September.
October^ __.
November..
December..
Total for year.
1942
January...
February..
Source: Division of Kesearch and Statistics, Bureau of Foreign and Domestic
Commerce.
It is apparent from the tables and from figure 4
that seasonally adjusted consumer expenditure during
the fourth quarter of 1941, declined both in dollar
volume and, more strikingly, in relation to disposable
income. This decline followed a buying wave in the
third quarter of the year which was prompted both by
the prospect of shortages, of higher prices, and of
additional Federal excise taxes. Following a slackening
of the buying spurt during the fourth quarter, consumer
expenditures in the first 2 months of 1942 have again
risen to high levels, due in part to anticipatory buying.
Despite the high dollar volume of consumer expenditure the relation of this total to disposable income
10
SURVEY OF CURRENT BUSINESS
April 1942
has been unusually low for the last 6 months. Since more cyclical in volume than consumer expenditure.
the difference between disposable income and consumer Consumption habits tend to be somewhat inelastic with
expenditure measures the indicated savings of indivi- the result that aggregate consumption expenditure
duals, the decline in consumer expenditure has been tends to be adjusted somewhat tardily to changes in
accompanied by very substantial increases both in the income. Thus in a period of rising income savings tend
volume and in the rate of saving out of current income. to increase at a more rapid rate than consumption while
The significance of this recent trend together with its in a falling income period savings tend to decrease at a
implications for fiscal and economic policy furnish im- more rapid rate than consumption.
portant material for appraising certain current ecoSince 1941 was a year featured by a very sharp
nomic developments.
expansion of money income, one would from past experience expect some increase in personal saving in relaFigure 5.—Relationship Between Consumer Expenditures and
tion to this income rise. But the sharpness of the fall
Disposable Income of Individuals
in the consumption-income relation, particularly during
80
the past several months, suggests more than a mere
inelasticity of consumption habits. Rather it implies
that, with a sizable gap between the quantity of con70
sumer goods available for sale and the quantity of income available for purchase of these goods beginning to
appear, the consumer has materially increased savings
rather than attempting to dispose of all his increased
60
income in consumers7 goods markets.
In terms of relative rates of increase the growth in
personal savings during the past several months is
50
even more striking. For this purpose we need to consider the division as between consumption and savings
,934
1932
/
of a given increase in disposable income. Analysis of
this sort suggests that in recent months a rather large
40
/ 1933
proportion, roughly 50 percent, of the consumer income
expansion has been saved.
It is appropriate to inquire why this apparent change
30
in the relation of consumption to disposable income,
50
60
70
80
90
DISPOSABLE INCOME (BILLIONS OF DOLLARS)
which is especially marked during the fourth quarter of
Source: U. S. Department of Commerce.
1941, has taken place. A number of factors may be
mentioned as contributing to this important change.
From figure 5 it is apparent that consumer expendiMost important among these factors has been the
ture during the entire year 1941 constituted a somewhat
growing scarcity of consumers' durable goods. This
lower percentage of aggregate disposable income than
has been characteristic during the past decade. The scarcity has necessarily restricted the volume of conline of average relationship indicated in figures 4 and 5 sumer spending on such goods, and this tendency has
was obtained by the conventional least squares tech- probably been strengthened by the restrictions which
nique and fitted to the scatter diagram of annual data were placed upon installment buying after September 1,
covering the period 1929-40, as shown in figure 5. The 1941. The effect of these factors was reflected in the
regression indicates that on the average during the sharp decrease in retail sales of durable goods stores in
12-year period increases of each 1 billion dollars in dis- the late months of 1941. It is quite evident from availposable income were accompanied by increases of about able data that the decrease in durable goods expendi910 million in consumer expenditure and about 90 tures has not been offset by increased purchases of other
million in savings. Furthermore this relationship goods and services with the result that savings have been
showed a very marked stability over the entire period, increased. No doubt, the necessity of continuing payas may be observed from figure 5. In recent months, ment on outstanding installment contracts at a time
however, the expansion of consumption has been much when the creation of new contracts was restricted by
smaller and the growth of saving much larger relative to the limited availability of durable consumers' goods
the increase in disposable income than in the typical also had a significant effect upon the volume of net
savings.
year.
Secondly, some part of the increase in the indicated
This apparent change in the consumption-income
rate of saving by individuals is undoubtedly traceable
relation must, however, be carefully interpreted. From
figure 5 it is apparent that years of rising disposable to tax anticipation. Higher tax rates on 1941 income,
income generally fall somewhat below the line of average coupled with the prospect of very much higher taxes
relationship whereas years of falling income customarily in 1942, have doubtless encouraged considerable addilie above it. This suggests that savings are somewhat tional saving. In the middle income brackets the
/
/
%
929
/
4Z-IZ7
April 1942
increase in income taxes on 1941 income has been
relatively large and this fact has probably prompted
temporary saving of appreciable sums part of which
were disbursed on the March 15 quarterly tax date.
Thus, tax provision explains a part of the increase in
indicated personal savings which is apparent during
the latter half of last year. This is in contrast to
previous years since it is doubtful whether most moderate income receivers have in years prior to 1941 systematically accrued reserves for income taxes.
A third factor partially explaining the increase in
saving and the decline in consumers' expenditure
observable during recent months is the Treasury campaign to distribute defense bonds and stamps. During
the last half of 1941 outstandings of United States Savings bonds increased by more than $1.8 billions. Not
all of this increase represented additional saving since
in many cases persons merely drew on previously
accumulated cash balances or used savings which
otherwise would have been held in some other form in
order to purchase defense bonds. Even making a
substantial allowance for the extent of this substitution
of one form of saving for another, it is probable that the
defense savings campaign resulted in a sizable increase
in net saving during 1941.
Furthermore, there is evidence that the volume of
spending has been held in check by consumer resistance
to rising prices. While this factor is difficult to evaluate,
the fact that inventories of quite scarce consumers'
goods are still available in the face of adequate purchasing power in the hands of consumers implies that price
consciousness is of more than negligible importance.
A final reason for the increased proportion of consumer income saved during recent months is undoubtedly the uncertainty of many people concerning
the future security of their incomes. The possible
spread of priorities unemployment, the expansion of
the armed forces, and the general uncertainty about
the post-war economic situation all provide obvious incentives for accumulating a reserve. Savings of this
type are apt to be held either in cash, in bank deposits,
or in some similar relatively liquid form. As evidence
that this motive for saving may have been of some importance during the past year, it is interesting to note
that the cash holdings of individuals have risen very
sharply over previous year levels.
The Real Volume of Consumption.
The estimates of consumer income and expenditure
which were presented in table 1 were in terms of current dollars. With prices rising, the estimates of consumer expenditure in current dollars overstate the
actual increase in physical volume of consumption goods
sold, reflecting in part the increased cost of obtaining the
same volume of goods and services which were previously consumed. During the past year prices of consumption goods have been rising steadily. The Bureau
of Labor Statistics monthly cost-of-living index shows
11
SURVEY OF CURRENT BUSINESS
a 10 percent rise between January and December of
1941 and prices of commodities bought by farmers
increased by 8 percent.
Table 3.—Division of Consumer Expenditures Between Real
Consumption and Change in Cost of Living
Monthly Data in Annual Rates, Adjusted for Seasonal
Variation
[Billions of dollars]
Year and month
Consumption Consumption
expenditure in expenditure in
current dollars 1935-39 dollars
1940
December
63.6
63.9
64.7
63.4
64.2
64.7
64.4
65.6
64.3
64.9
66.8
67.4
-0.3
0.1
-0.1
0.0
0.1
0.3
0.2
0.0
0.3
0.1
0.7
0.5
69.0
71.4
70.8
71.2
72.4
70.5
72.2
74.0
68.1
66.4
68.9
67.5
63.3
64.0
64.6
63.4
64.3
65.0
64.6
65.6
64.6
65.0
67.5
67.9
January
February
March
April
May
June
July
August
September
October
November
0.6
0.6
0.8
1.6
2.1
3.2
4.0
4.6
5.5
6.2
7.0
7.1
71.9
70.2
8.6
S.9
1941
January
February
March
April
May
June
July
August
September
October
November
December
1942
January
February
Consumption
expenditure
accounted for
by change in
cost of living
80.5
79.1
Source: Division of Research and Statistics, Bureau of Foreign and Domestic
Commerce.
As a measure of the volume of real consumption
there are presented in table 3 figures showing the annual rates of aggregate consumer expenditures both in
current and in average 1935-39 dollars. The difference
between the two annual rates for any month measures
the extent to which the cost of the volume of real
consumer expenditure in that month, also at an annual
rate, was higher than in 1935-39. Thus we have, in
table 3, attempted to divide the money stream of
consumer expenditure as between one part which has
been matched by an increased flow of goods and
services and another part which has from the standpoint of consumers as a whole been dissipated in higher
prices. Since civilian supply becomes, as we approach
capacity, a residual determined both by total production and by military requirements, it is independent in
total of the money volume of consumer expenditure.
The latter determines only, in real terms, the manner
in which available supplies are divided among the
group of consumers.
It is apparent from this table that despite the substantial increase in real consumer expenditure through
the first 8 months of 1941, the continued high dollar
volumes of consumption expenditures since that period
have been attributable to rising prices. The physical
volume of consumer purchases since September has
12
SURVEY OF CURRENT BUSINESS
been well below the early months of 1941. Although
prices of consumer goods were held well in check during
1940, in 1941 the trend was steadily upward and an
apparently increasing rate is observable. Whether
this trend will continue undiminished during 1942
must depend both on the adequacy of the fiscal measures taken to reduce the excess of consumer income and
on the success of the retail price control actions which
are taken during the current year.
Significance of the Changing Income-Expenditure Ratio
As the war program grows the danger that the increase in consumer income will press ever harder on
prices is readily apparent. If this pressure becomes too
great it may jeopardize the success of the price control
plan and make imperative the adoption of drastic
fiscal repressions such as withholding taxes or compulsory saving. It is generally recognized that the inflationary gap in 1942 will be large but the behavior of the
expenditure-income relation and the rapid growth in
the rate of saving by individuals during recent months is
an encouraging sign suggesting that the gap may well
prove to be somewhat smaller than has been forecast
by some estimators. However, the spillover of excess
consumer income is still much too large and it would be
unrealistic to hope that the increase in voluntary saving
will, by itself, be sufficient to close the gap. At best
we may expect only a partial narrowing of the gap to
result from the present trend of voluntary saving. Complete closure will require supplementary measures.
Notes on Derivation of the Estimates
The annual estimates of consumer expenditures and
of disposable income of consumers for the period 192941 are a by-product of the studies of the composition of
the gross national product.1 Annual figures for consumer expenditures during these years were obtained as
a residual by subtracting government purchases of
1
The annual estimates of gross national product and its composition will be published in the near future.
April 1942
goods and services and capital formation by business
enterprises from the total gross national product valued
at market prices. Annual estimates of the disposable
income of consumers were obtained by subtracting total
personal taxes, estimated on a payment basis, from the
annual estimates of aggregate income payments to
individuals.
The monthly estimates of disposable income for 1940
and 1941 were obtained by interpolating between the
annual figures, using the monthly indexes of income
payments. These monthly figures were obtained both
adjusted for seasonal variation and seasonally uncorrected. The seasonally adjusted figures were then
converted to annual rates.
The monthly estimates of consumer expenditures
were obtained in the following manner. Annual figures
for total consumer expenditures were first broken down
into (a) expenditures for durable goods, (b) expenditures for nondurable commodities, and (c) expenditures
for services. This breakdown was made on the basis of
unpublished data now being prepared in the National
Income Unit, Division of Research and Statistics.
These separate components were then interpolated by
means of monthly indexes of (a) retail sales of durable
goods stores, (b) retail sales of nondurable goods stores,
and (c) service expenditures. Both seasonally adjusted
and uncorrected indexes were employed. The resulting
seasonally corrected monthly totals for aggregate
consumer expenditures were then expressed as annual
rates.
The average relationship between consumer expenditures and disposable income was obtained by fitting a
least squares regression line to the annual data, omitting
for this purpose the year 1941 so as to eliminate the
effects of war expenditure. For the period 1929-40 the
resulting first degree regression equation, denoting
consumer expenditure by y and disposable income by x}
was
This line is indicated in figures 4 and 5.
April 1942
SURVEY OF CURRENT BUSINESS
13
The Gross Flow of Finished Commodities
and New Construction, 1929-41
By William H. Shaw
3. Gross Flow of Producers7 Durable Goods through
OR almost a decade the Bureau of Foreign and
Domestic Commerce has prepared authoritative Private Enterprises.
a. Equipment.
estimates of the national income in terms of the returns
to the factors of production (wages, dividends, interest,
b. Plant.
etc.) and the contributions by industries (manufacturing,
4. Capital Consumption.
agriculture, trade, etc.). In 1941 the Bureau was
5. Net Flow of Producers' Durable Goods through
authorized by Congress to make estimates of the national Private Enterprises (3)-(4).
income in terms of final products or actual goods and
6. Net Change in Inventories.
services produced.1
7. Net Change in Foreign Claims.
8. Final Product of Government.
It is hardly necessary to point out the economic sigThe present estimates represent preliminary variants
nificance of such estimates. By means of the final products breakdown, the configuration of cyclical shifts in of components (2) and (3). Consumption commodities
the production of goods and services is brought into are essentially comparable to component (2) but,
clearer perspective; the economic implications of passing until Government purchases of such commodities are
from a peace to a war economy are revealed; and mate- segregated, cannot be treated as the exact equivalent.
rials essential for the analysis of the post-war problem Producers' durable goods are substantially comparable
are provided. Even for the war years alone, the final in scope to component (3). However, they too include
products details are highly useful. Not only do they Government purchases, and in addition that part of
make possible a better appraisal of civilian requirements, component (8) represented by public construction done
but they are indicative of the progress of the war effort. on Government force account.2
Refinement of the present estimates in order to match
The estimates of gross commodity flow presented in
this article form the largest segment of the final products the appropriate components together with work on the
study. They are being released separately and in ad- remaining components is well under way. Summary
vance of the complete study at the request of several of articles on the more important of the remaining comthe war agencies which require the data for the wide ponents, on capital consumption, and on variations in
variety of decisions in economic matters that must be distributive costs (a byproduct of the study) will be
made from day to day. It is hoped that economic ana- published as soon as the progress of the work permits.
lysts, both in government and private business, will find
Further elaboration of the final products data is also
them useful, even though the estimates may fall short planned. Two aspects are worthy of mention: (a) adof the final degrees of refinement that would have been justments for price changes in order to approximate the
insisted upon in less urgent times.
variations in the physical volume of goods; (b) a study
Before describing the estimates, it is desirable to of the purchases of capital equipment and also plant
show their place in the complete study. In its entirety, by specific industries. It is anticipated also that the
the final products study envisages a breakdown of the preparation of quarterly and monthly estimates will
national income in terms of 8 major components, all prove feasible, so that the current information required
measured at final costs to the ultimate users; i. e., after by business can be made available.
the addition of all pertinent transportation and distribAs already indicated, the estimates in this article
utive costs:
relate to the flow of consumption commodities and the
1. Flow of Consumers7 Services through Private gross value of new equipment and construction.
Capital consumption has not yet been subtracted.
Enterprises.
Hence the relative importance of the estimates can
7
2. Flow of Consumers Commodities through Private
best be understood by comparing them with the
Enterprises.
gross national product rather than with the national
a. Perishable.
income.
b. Semidurable.
A preliminary measure of the gross national product
c. Durable.
was described in the March issue of the Survey,3 This
F
1
The pioneer investigation in this field was made by Simon Kuznets at the National
Bureau of Economic Research. A detailed report, Commodity Flow and Capital
Formation, was published by the National Bureau in 1938.
2
In 1941 some Government production of ships and armaments is also included.
Gilbert, Milton, "War Expenditures and National Production," Survey of Current
Business, March 1942, p. 9.
3
14
SURVEY OF CURRENT BUSINESS
April 1942
measure was defined to include the value of the output average life of between 6 months and 3 years, and duof private enterprise at market prices (i. e., the sales of rable, those usually lasting more than 3 years. Within
ach of these major groups a varying number of minor
all business units, adjusted for changes in inventories,
groups were established. Their designations (table 2)
and with interbusiness purchases deducted) and the
uggest the specific commodities included.
value of the goods and services produced directly by
Government in terms of their cost to Government.
The Gross Flow of Commodities and New Construction.
Total gross national product thus defined was estiAlthough analysis and interpretation of the estimates
mated at 86 billion dollars in 1939, 94 billion in 1940, are beyond the scope of this article, it is desirable to
and 115 billion in 1941.4 The gross flow of commodi- draw attention to some of the more significant facts that
ties and new construction for these three years were 55, are revealed.
61, and 81 billion dollars, or 64, 65, and 70 percent of Figure 6.—Gross Flow of Finished Commodities and New
gross national product, respectively. The remainder
Construction
BILLIONS OF DOLLARS
in each year consists of consumer expenditures on services, net changes in business inventories, net changes in
foreign claims, and Government expenditures—ordinary
and defense—other than those already included in the
commodity flow totals. Since the gross flow of commodities and new construction constitutes about twothirds of the gross national product, its economic
significance is clear.
Classification of Commodities.
As a first step in the preparation of the estimates, all
commodities were classified as finished or unfinished.
Finished commodities were defined to include: (a) Consumption commodities that had reached the stage at
which they could be taken over by the ultimate user
without further processing,5 and (b) such commodities
as machinery, durable equipment and plant intended
for multiple use in production and with an average life
of 3 or more years.
Classification under (a), however, did not depend
solely on the degree of processing; it was based also on
the use to which a commodity is put. Flour, for example, was classified as finished if consumed in households, institutions, or Government agencies, but as
unfinished if consumed by a factory making bread or
other products for which flour is a raw material. Similarly, a barrel of apples destined for direct consumption
was treated as finished but as unfinished if used by a
commercial bakery.
Unfinished commodities were denned to include all
commodities entering further into the productive process
other than those lasting on an average of 3 years or
more. Since their value is already covered in the value
of finished commodities for which they1 constitute materials, commodities once so classified no longer constitute a part of the study. To include them would cause
duplication in the final totals.
Finished consumption commodities were next classified by durability as perishable, semidurable, or
durable. Perishable were defined as those with an average
life of 6 months or less, semidurable, those with an
4
Eevised estimates running back to 1929 as well as a more complete description of
concept and methods of derivation will appear in a forthcoming issue of the Survey
of Current Business.
8
As already indicated, consumption by ultimate users includes Government purchases of such commodities as well as those of household consumers. Work on the
egregation of these purchases is in progress.
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
194
Source: IT. S. Department of Commerce.
The gross flow of commodities and new construction
reached 81 billion dollars in 1941—by far the highest
level ever achieved. The 1941 peak figure exceeded the
depression low of 1933 by 49 billion dollars, the heretofore high of 1929 by 14 billion, and the 1940 total by
20 billion. Some part of the rise can be explained by
price changes. But even if adjustment is made for such
changes, there can be no doubt that with respect to the
flow of goods, 1941 was a record year.
The output of all types of goods expanded in 1941.
The sharpest increase was in producers' durable commodities and construction from 14 billion dollars in
1940 to 25 billion in 1941, a direct reflection of the
beginnings of rearmament. Approximately 7 billion
of the 25 reflects the production of military and naval
equipment, cantonments, etc. A large part of the
remainder reflects the production of equipment and
plant designed to make possible the war program
adopted for 1942 and 1943.
The flow of all types of consumption commodities
also rose substantially in 1941. The value of nondurables
was 45 billion dollars in this year as compared with 38
in 1940; of durables, 10 as compared with 8. These
upward surges would, of course, be reduced somewhat
by correction for price changes and by exclusion of
government military purchases in 1941. But even
after such allowance it is evident that consumers
received the largest volume and selection of goods our
economic system has every made available.
April 1942
SURVEY OF CURRENT BUSINESS
15
Table 1.—Gross Flow of Finished Commodities and New Construction by Major Groups, Final Cost to Users, 1929-41
1929
Item
1930
1932
1931
1933
1934
1935
1936
1937
1939
1938
1941
1940
ABSOLUTE VALUES
[Millions of dollars]
Consumption commodities:
Perishable . . .
..
Semidurable
Durable ._.
_ _ _ _ 27,988.4 26,136. 6 22, 754.8 18, 344. 0 18, 292. 5 21, 643. 3 22, 867. 4 25,466.0 26, 876. 6 25,884.1 26, 920. 2 28, 623.0
11,167.1 10, 018. 3 8, 372. 2 6, 235. 3 5, 873.9 6,917.2 7, 502. 0 8, 356.9 8, 793. 7 8.088.8 8,858.3 9, 293.1
- _ _ . - _ . . _ 9, 863.0 8,127. 3 6,320.1 4,194. 6 3,426. 0 4,809.5 5, 646. 9 6, 737. 9 7,556.9 6, 044.4 7,122. 0 8,277.9
34,010. 0
11,440.0
10,310. 0
Total flow of consumption commodities, _ 49,018. 5 44, 282. 2 37,447.1 28,773.9 27, 592. 4 33, 370. 0 36, 016. 3 40, 560.8 43, 227.2 40, 017.3 42,900.5 46,194.0
55,760.0
Producers' goods:
Producers' durable commodities..
New construction . . . ___ __ ._. _.
5, 382. 2 7,401.1
6, 245. 0 7,085. 0
14,490.0
10,811.0
.__ 17, 994. 2 14, 412. 3 10,550. 6 5,929. 5 4,584. 5 6,113. 7 7, 529. 6 10, 211.9 12, 032. 7 9, 930. 6 11, 627. 2 14, 486.1
25, 301. 0
Gross flow of commodities and new construc67, 012. 7 58, 694. 5 47,997. 7 34, 703. 4 32,176. 9 39,483. 7 43,545. 9 50, 772. 7 55, 259. 9 49,947.9 54,527. 7 60,680.1
tion
81, 061. 0
7,326. 2 6,014. 3 4, 203.6
10,668.0 8, 398.0 6, 347.0
Total producers'goods _. _
2, 351. 5 2, 099. 5 3, 069. 7 4,032. 6 5,149. 9 6, 284. 7 4,538.6
3, 578. 0 2,485.0 3,044. 0 3,497. 0 5,062. 0 5, 748. 0 5, 392.0
INDEX NUMBERS
[1935-39=100]
Consumption commodities:
Perishable
Semidurable
Durable
.
_
__
_ _
Total flow of consumption commodities, Producers' durable commodities
New construction
.
_ __.
Total producers' goods
Gross flow of commodities and new construction
109.3
134.2
149.0
102.1
120.4
122.7
88.9
100.6
95.4
71.6
74.9
63.3
71.4
70.6
51.7
84.5
83.1
72.6
89.3
90.2
85.3
99.5
100.4
101.8
105.0
105.7
114.1
101.1
97.2
91.3
105.1
106.5
107.6
111.8
111.7
125.0
120.9
109.2
92.4
71.0
68.1
82.3
88.8
100.0
106.6
98.7
105.8
113.9
137.5
144.3
205.6
118.4
161.8
82.8
122.3
46.3
69.0
41.3
47.9
79.4
67.4
101.4
97.6
123.8
110.8
89.4
103.9
106.0
120.4
145. 8
136.5
285. 4
208.4
175.3
140.4
102.8
57.8
44.7
60.5
58.7
59.6
73.3
99.5
117.2
96.7
113.3
141.1
246.4
131.9
115.5
94.5
68.3
63.3
77.7
85.7
99.9
108.8
98.3
107.3
119.4
159.5
Over the period 1929-40 (1941 is omitted because of
the inclusion of several billion dollars of military equipment and armaments) the dominating role of consumption commodities is evident. Of an average total of
49.6 billion dollars, consumption commodities are 39.1
billion or nearly four-fifths. The extent to which the
peacetime economy is geared to the production of goods
intended for direct consumption is clear.
Figure 7.—Indexes of Gross Flow 6f Finished Commodities
and New Construction
1935-39 = 100
250
132.8
137.5
155.7
billion. The two broad groups of producers' goods,
producers' durable commodities (machinery, equipment,
etc.) and new construction (residential, business, public,
etc.) average some 4.8 and 5.6 billions, respectively.
It might be inferred from the relative size of the commodity groups that an analyst might well concentrate
upon consumption commodities. But with respect to
the temporal movements the amounts (table 1 and figures 6 and 7) and the percentage shares (figure 8) of the
various groups fluctuate almost in inverse proportion
to their average size.
Figure 8.—Percentage Distribution of Gross Flow of Finished
Commodities and New Construction
PERCENT
100
PRODUCERS' DURABLE COMMODITIES
AND NEW CONSTRUCTION
J5O
80
GROSS FLOW OF COMMODITIES
AND NEW CONSTRUCTION
PERISHABLE'
AND SEMI DURA t
CONSUMPTION
COMMODITIES
60
T
DURABLE CONSUMPTION
COMMODITIES
50
I
s
i
1
Illllll
1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 Ibtl
0.0.42-123
Source: U. S. Department of Commerce.
Within the major classification of consumption commodities, the perishable group (foods, drug preparations,
paper products, fuels, etc.) is by far the most important,
averaging about 24.3 billion dollars for 1929-40. The
semidurable group (clothing, light housefurnishings,
automobile accessories, etc.) is next with an 8.3 billion
average; while the durable (furniture, heavy housefurnishings, pleasure vehicles, etc.) averages about 6.5
I
I- fiI- 1
I
i
PRODUCERS' DURABLE
COMMODITIES
DURABLE CONSUMPTION
COMMODITIES
SEMIDURABLE CONSUMPTION
COMMODITIES
1
1929 I93O
NEW CONSTRUCT/ON
NIMH
1929 1933 1937
1938 1939 1940
PERISHABLE CONSUMPTION
COMMODITIES
1941
0.0.42-/22
Source: U. S. Department of Commerce.
In years of lower business activity, such as 1933 and
1938, the dollar values of consumption commodities
decline less relatively than do those for producers'
goods; in years of higher activity, such as 1929, 1937,
1939, and 1940, they usually rise less. The differing
degree of stability is indicated by the shifting percent-
16
SURVEY OF CURRENT BUSINESS
April 1942
Table 2—Gross Flow of Finished Commodities and New Construction by Minor Groups, Final Cost to Users, 1929-41
[Millions of dollars]
1929
Item
1930
1935
1936
1937
1938
1939
1940
1941*
8, 417. 3 .0, 732. 8
1, 694.7
3,015.3
.3,906. 5
.3, 496. 9
.3, 936.9
.4, 809.1
17, 470.0
3, 736. 5
926.0
4, 063. 7
1, 002.0
4,134. 2
1, 233. 0
06.8
1, 302.0
4,837. 9
1, 346.0
4, 456. 8
1,184.0
4, 678. 2
1,121.0
4,996.8
1,124.0
6, 250.0
1, 470. 0
1, 643.1
1, 474. 6
1, 584.1
1,571.1
1, 780.3
1, 860. 5
1, 828. 9
1, 879. 2
1, 993. 3
2, 270. 0
545.0
394.1
208.1
502.7
326.0
206.7
602.9
389.8
229.7
569.1
365.6
237.0
630.7
384.4
278.6
674.2
405.6
320.5
670.2
409.9
353.7
760.7
483.7
803.5
508.1
355.1
960.0
570. 0
400.0
453.5
172.0
133.6
122.8
441.4
148.7
136.5
106.1
474.9
173. 3
162.1
121.8
482.1
192.7
181.2
119.6
492.3
214.0
207.7
137.7
541.3
235.6
233.6
151.5
521.5
222.4
237.1
154.4
588.5
256.3
254.0
171.0
616.7
279.5
274.1
191.3
640.0
330. 0
320.0
230.0
311.9
257.2
366.8
402.8
523.5
500.9
522.3
555.5
669.4
770.0
625.3
93.3
866.9
619.1
96.8
796.9
742.4
97.7
899.3
660.6
103.7
920.0
686.2
103.4
1,003.1
643.6
105.6
1,113.3
566.0
99.0
1,161.0
597.5
109.5
1,158. 4
686.5
105.1
1, 210. 5
800.0
130.0
1, 400.0
5, 876. 6 !5, 884.1 26, 920. 2
I, 623.0
1931
1932
.3,186. 7 2, 284.4
.0, 529. 4
8, 247.1
5, 833. 3 5,452. 3
1, 585.0 1,428.0
4, 533.1
1,157.0
3, 612. 3
915.0
2,114.4
1, 934.1
1, 993. 9
676.6
495.0
299.1
684.4
492.3
301.4
624.2
465.5
271.2
552.2
279.0
233.3
191.4
530.9
283.6
228.2
173.1
516.4
249.8
186.7
154.7
254.0
253.9
261.3
931.6
108.9
113.7
1,184. 8 1, 049. 5
772.5
95.7
943.4
.8, 344.0
.8, 292. 5
1933
1934
CONSUMPTION COMMODITIES
Perishable
Manufactured foods and kindred products
Nonmanufactured foods:
Sales
Farm consumption
Cigars, cigarettes, tobacco, and smoking
supplies
Drug preparations and household medical
supplies
Toilet preparations
Cleaning and polishing preparations
Magazines, newspapers, and other printed
matter
Stationery and writing supplies
Miscellaneous household paper products.-.
Toys, games, sport supplies
Manufactured household illuminating and
heating products
L..
Nonmanufactured household fuels:
Sales
Farm consumption
Fuels for passenger cars
Total perishable consumption commodities
!7, 988. 4 26,136. 6 12, 754. 8
, 643. 3 22, 867. 4 25, 466.0
34,010.
Semidurable
14.
15.
16.
17.
18.
19.
20.
Clothing and accessories
Shoes and other footwear
Personal furnishings
Dry goods and notions
Semidurable house furnishings
Replacement tires and tubes,
Passenger car replacement parts
accessories
1, 710. 5
245.2
885.6
655.0
511.1
6, 277.1
1, 509.0
232.2
771.0
526.4
418.6
5,195. 5
1, 210. 7
173.3
624.1
490.0
370.7
3, 763. 4
995.3
118.3
436.7
367.8
294.9
3, 533. 4
972.0
101.1
450.8
364. 4
217.1
265.9
284.0
307.9
258.9
235.1
1,167.1
0,018. 3
8, 372. 2
6, 235. 3
5,873.9
Household furniture
912.0
487.7
702.7
1,070. 3
Floor coverings
389.4
231.9
334.4
554.8
Miscellaneous durable house furnishings--. 879.2
770.7
488.8
682.6
Heating and cooking apparatus
332.3
160.2
245.3
364.7
Refrigerators, washing machines, and sewing machines
340.3
194.6
376.5
293.8
Electrical household appliances
135.3
79.1
138.5
121.1
Other household appliances
22.2
12.7
22.6
18.4
China, glassware, tableware, and household utensils
487.2
430. 4
591.2
505.2
Radio apparatus and phonographs
813.4
225.4
878.1
475.5
Pianos and organs
56.5
20.7
78.5
35.7
Other musical instruments
28.5
15.4
32.9
21.9
Clocks and watches
176.2
90.2
187.0
133.3
Jewelry and sterling silverware
471.3
250.7
518.8
335.7
Books and other durable printed matter.-.
368.3
243.6
426.4
336. 5
90.5
Writing equipment
50.6
104.5
72.5
Ophthalmic products, surgical and ortho164.9
pedic appliances
97.0
148.5
123.5
120.4
Monuments and tombstones
70.9
127.1
98.0
92.9
38.9
116.9
58.3
Wheel goods, durable toys, and sports
equipment
254.3
172.8
276.4
225.1
Passenger cars
828.8
2, 953. 5 2,089. 2 1,490. 9
Pleasure-craft
11.5
4.2
16.6
9.7
Total durable consumption commodities
9, 863.0 8,127. 3 6, 320.1 4,194. 6
Total semidurable
commodities
and
4,192. 4
1, 095. 8
123.6
486.3
481.0
239.3
4, 605. 2
1,067. 2
154.2
523.5
575.6
239.0
5,129. 3
1,157.9
184.1
563.5
661.7
233.4
5, 217. 5
1, 272. 5
195.0
606.6
787.7
245.2
4, 845. 6
1,186. 5
181.4
513.1
736.0
261.1
5,403.8
1, 220.0
201.8
525.6
815.7
299.5
5, 697. 8
1, 222.6
211.3
551.9
878.5
268.5
7, 080. 0
1, 540.0
250.0
630.0
1,080.0
310.0
337.3
427.0
469.5
365.1
391.9
462.5
550.0
i, 917. 2
7, 502.0
8, 356. 9
I, 793.7
., 858. 3 9, 293.1
11,440.0-
312.5
139.6
360.0
143.3
524.9
292.0
436.7
205.8
559.9
263.3
474.5
262.1
716.2
321.8
579.3
337.5
834.3
381.8
619.1
371.9
720.0
318.0
620.5
297.0
799.0
359.3
794.0
344.5
870.9
384.7
886.1
433.7
1,070.0
470.0
1, 090. 0
650.0
234.5
67.3
10.3
292.3
104.3
13.3
325.8
130.2
14.1
394.2
159.2
15.7
491.7
175.6
18.8
344.3
169.8
20.7
381.3
194.7
22.5
460.4
217.0
25.7
640.0
260.0
30.0
306.8
184.9
14.2
11.6
65.8
162.6
196.2
39.8
445.3
236.5
18.7
16.5
96.4
212.0
239.4
39.6
428.5
282.4
24.1
25.1
100.5
232.5
249.8
48.5
520.2
358.7
32.4
26.8
127.4
214.2
285.7
54.6
513.0
366.5
40.6
28.3
184.9
245.5
304.1
57.0
463.2
310.4
37.7
25.9
151.9
263.2
287.0
52.9
542.5
377.8
41.7
28.7
178.2
292.0
311.9
52.9
564.5
415.6
47.0
28.7
205.1
336.0
327. 8
52.6
800.0
500.0
60.0
35.0
270.0
440.0
410.0
70.0-
108.1
52.5
29.9
133.1
60.7
26.3
134.3
62.6
30.3
140.7
67.3
47.1
159.8
72.1
58.8
149.2
63.7
53.4
175.8
61.0
49.4
181.1
61.9
52.7
220.0
65.0
80.0
142.9
840.8
2.4
172.1
1, 239.9
189.2
1, 804.0
5.2
217.5
2,114.4
7.0
259.9
2, 364. 2
9.0
271.7
1,418. 4
5.5
298.5
1,810.4
5.9
337.6
2,382. 5
6.3
390.0
2, 750.0
10.0
3, 426. 0
4, 809. 5
5, 646.9
6, 737.1
7, 556.9
6,044. 4
7,122.0
8, 277. ?
10, 310. 0
207.0
21.7
42.9
214.6
24.9
29.3
282.2
41.7
46.8
353.4
60.9
63.6
450.1
98.7
100.0
523.0
114.8
125.4
362.3
69.3
94.7
415.4
81.0
109.9
531.0
92.6
136.9
850.0
160.0
220.0
293.2
16.4
74.4
64.1
185.5
98.8
60.3
62.6
148.8
94.4
48.6
83.3
177.7
3.3
558.5
3.5
44.6
33.3
28.6
274.1
13.7
51.5
76.3
131.5
51.9
44.4
60.7
108.8
100.3
37.9
73.3
174.3
3.7
542.4
2.4
21.6
33.1
28.8
_L
387.6
22.6
62.5
121.3
198.7
89.0
84.2
93.5
154.6
123.7
48.2
103.9
206.6
7.0
818.2
3.5
99.9
42.0
32.0
504.8
31.0
82.3
192.6
269.6
148.5
148.0
108.6
173.9
127.5
66.9
118.2
234.0
6.9
1,103. 7
4.5
116.0
79.4
38.3
642.8
43.1
122.2
282.3
344.5
194. 5
219.7
129.5
204.0
140.2
77.3
137.6
267.0
7.4
1, 304.1
5.6
188.2
127.9
63.2
769.8
52.7
157.5
355.7
481.6
244.3
272.2
162.9
263.1
176.8
101.3
164.1
287.9
7.0
1,425.8
7.4
363.8
136.4
91.2
517.9
35.3
135.8
213.2
353.1
239.1
215.0
151.8
220.3
134.2
91.8
141.5
249.8
3.8
930.5
6.1
143.4
148.1
81.6
595.6
41.5
145.4
3, 069. 7
4, 032. 6
5,149.9
6, 284. 7
4, 538. 6
consumption
Durable
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
40.
41.
PRODUCERS' GOODS
Producers' durable commodities
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
Factory machinery
448.2
598.3
345.7
Mining machinery
75.6
110.0
32.0
Construction machinery
134.4
166.3
96.0
General and miscellaneous machinery and
equipment
813.1
539.0
Engines and turbines
„
56.3
68.1
35.9
Pumps and pumping equipment
176.0
199.0
132.3
Machine tools and accessories
220.5
388.7
136.6
Electrical apparatus and equipment.
514.9
613.7
396.0
Farm machinery and equipment
232.6
271.2
184.4
Tractors
199.1
210.2
122.2
Office machinery
123.7
166.6
89.3
Nonresidential furniture and equipment._.
338.5
409.8
267.7
Durable containers
176.0
191.7
123.3
Professional and scientific equipment
99.9
111.6
76.9
Tools
160.6
193.0
118.9
All other subsidiary durable equipment—.
327.3
386.2
246.0
Wagons and carts
7.2
9.7
5.2
Business motor vehicles
1, 729. 5 1,354.0 1,003. 0
Motorcycles
7.2
7.4
6.1
Locomotives and railroad cars
364.9
360.7
95.6
Ships and boats
133.3
96.2
104.8
Aircraft
68.4
51.0
46.7
Total producers' durable commodities
7, 326. 2 6, 014. 3 4, 203.1
See footnotes at end of table.
2, 351. 5
2, 099. 5
i 891.3 i 2,120. 0
180.0
77.9
260.0
185.3
920.0
507.4
575.9
433.6
1,000.0
254.4
220.1
330.0
279.5
222.7
390.0
163.3
149.8
250.0
328.7
247.6
540.0
158.3
142.4
220.0
149.6
116.8
270.0
185.3
152.1
330.0
355.9
294.1
580.0
2.6
5.0
1.5
1,177. 8 1,548. 3
2, 270.0
10.4
15.0
8.0
166.6
410.0
306.7
225.6
347.5 [2 3,170.0
145.9
312.3
5, 382. 2
7, 401.1
14, 490.0
17
SURVEY OF CURRENT BUSINESS
April 1942
Table 2.—Gross Flow of Finished Commodities and New Construction by Minor Groups, Final Cost to Users, 1929-41—Con.
[Millions of dollars]
1941*
1934
1935
1936
1937
1938
1939
1940
1, 216. 0
591.0
967. 0
1.0
1,485.0
913. 0
1,135.0
9.0
1, 440. 0
1, 368. 0
1, 520. 0
61.0
2,113.0
1, 655. 0
2, 055. 0
93.0
1, 945. 0
1, 767. 0
1, 539. 0
35.0
2, 051. 0
2, 046. 0
1, 698. 0
81.0
2, 420. 0
2,323. 0
2, 086. 0
202.0
2, 474. 0
2, 675.0
2, 561. 0
482.0
5, 093. 0
2, 485.0
3, 044. 0
3, 497. 0
5, 062. 0
5, 748. 0
5, 392. 0
6, 245. 0
7, 085. 0
10,811.0
Gross flow of commodities and new
construction
67, 012. 7 58, 694. 5 47, 997. 7 34, 703. 4 32,176. 9 39, 483. 7 43, 545. 9 50, 772. 7 55, 259.9 49, 947.9 54, 527. 7 60, 680.1
81,061.0
Item
1929
1930
1931
1932
3, 562. 0
4, 695. 0
1, 790. 0
3, 831. 0
1, 460. 0
2, 310. 0
638. 0
1, 146. 0
2,411.0
2, 777. 0
2, 577. 0
1, 794. 0
6, 347. 0
3, 578. 0
1933
PRODUCERS' GOODS—continued
New construction
64.
65.
66.
67.
Private residential (non-farm)
All other private
Public residential
All other public
Total volume of new construction
'6
10, 668. 0
8, 398. 0
413. 0
856.0
*A11 1941 figures are preliminary. It is believed that the 1941 perishable consumption commodity group total includes about 250 million dollars of government purchases
for military use; and the semidurable .and durable about 450. The producers' durable commodity group is thought to include about 5,100 million dollars of such purchases,
and the volume of new construction about 1,800 million of direct military and naval construction.
1 Includes durable armaments (ordnance, arms, tanks, etc.), some of which were produced in government plants.
2
Combined in order to avoid disclosure. The 1941 estimates for ships include the output of government shipyards.
3
For a more detailed break-down of construction activity, see Survey of Current Business, February 1942, table 15, page 36.
ages in figure 8. In 1933, for example, consumption of equipment to particular industries is needed. Work
commodities constituted 86 percent of the total flow; on an industrial allocation is in progress.6
in a prosperous year like 1940, 76 percent.
Sources and Methods.
Even within the major classification of consumption
This brief summary of sources and methods can do
commodities there are significant variations in the
little more than suggest the basic data involved in the
response over the course of the business cycle. The
derivation of the estimates. When the final products
perishable group fluctuates least; the semidurable somestudy is completed, it is planned to describe the
what more; and the durable most of all. Indeed, the
techniques of estimate in full. In the meantime, those
indexes in table 1 and figure 7 show the amplitude of
who are interested in greater detail may consult the
fluctuation in durable consumption commodities to be
files of the Bureau of Foreign and Domestic Commerce
almost as great as those in the two categories of produFor most commodities, the procedure of estimate
cers' goods.
involved securing data at producers' prices, classifying
Detailed information concerning the nation's comand allocating the different commodities among the
modity output is afforded by the minor commodity
appropriate groups, and then tracing the various groups
groups. Foods and kindred products, for example,
through the distributive system. This somewhat
dominate the perishable consumption group, averaging
roundabout method was adopted because of the
almost 75 percent of the total. Moreover, in value
availability of very detailed commodity data at the
they far exceed the total of any other single major
production level. At the wholesale and retail levels
group. Within the perishable group it is also of interest
there is a relative scarcity of such detail.
to note the shift from nonmanufactured to manufacThe descriptions that follow apply chiefly to the
tured household fuels.
estimates for 1929-39. For 1940 and especially 1941,
The semidurable consumption group consists chiefly
sruder methods necessarily had to be employed.
of clothing and accessories; the durable of heavy
For most groups the 1929-39 estimates of final cost
housefurnishings and appliances and passenger cars.
to user were extrapolated directly by using a wide
In the latter group the rising importance of electrical
variety of relevant series on output, pay rolls, and
household appliances is particularly notable.
retail sales. In addition, specific allowances were
To study these and other details is not the purpose
made to insure the inclusion of armament output.
of this paper; but it is well to stress that such study
1. Derivation of the data at producers' values.—
would make it possible to approximate and to analyze
a. Manufactured commodities.—The basic source for
changes in the composition of what may be termed the
manufactured commodities is the Biennial Census of
commodity part of the national consumer budget.
Manufactures. Output data for several thousand
7
The details of the flow of producers goods throw concommodities are there reported for the odd years
siderable light on both the over-all pattern of gross
1929-39.
capital formation and the changes therein. Grouping
For the most part, the Census data are comparable
the estimates into the different categories of machinery
from year to year. However, three minor deficiencies
and equipment and the various kinds of construction
should be noted. First there is reason to believe that
provides one useful type of functional arrangement.
the coverage of 1933 Census was slightly less complete
For example, the heavier and more durable types of
than that in other years. When, some indication was
equipment declined more rapidly from 1929-33 than
given of the deficiency in an individual industry—
did the lighter and less durable. Although the relation8
The Bureau has already done
work in this
ship of durability to replacement requirements partially Lowell J., "Capital Expenditures considerable Manufacturing field. See Chawner,
in Selected
Industries," Survey
Digitized for explains this difference, knowledge concerning the flow
FRASER
of Current Business, December 1941, p. 19.
http://fraser.stlouisfed.org/
451744—42Federal Reserve Bank of St. Louis
18
SURVEY OF CURRENT BUSINESS
usually less than 2 percent—Census data were raised.
The 1933 Census was also notable for its relative lack
of detail in commodities reported. More than for
any other Census year it was necessary to break down
combinations of commodities on the basis of the details
reported for proximate years.
The second and third minor deficiencies lay in the
difficulty of setting up strictly comparable series over
the decade for many commodities made in the textile
industries and in the differing degrees of coverage of
some of these industries in particular Census years.
Aside from careful attempts to achieve proper classification, little could be done to overcome these
deficiencies; and it is possible that for 1935 and 1937
especially, figures for some of the component commodities of such groups as clothing and dry goods
may be slightly too low.
Although classification of the several thousand Census commodities was not always easy, the greater number could be assigned directly to one or another group.
Those that could not be so assigned required special
study.
Most of the difficulties of classification related to
the fundamental distinction between finished and unfinished. Fortunately, two very useful types of commodity information were also available in Census
reports: Materials consumed data in the Biennial
Census of Manufactures and sales distribution data by
class of purchaser in Distribution of Sales of Manufacturing Plants, for 1929, 1935, and 1939, and in the
Wholesale Census reports for 1929, 1933, 1935, and
1939. By using this information along with numerous special commodity studies—-both government and
trade—it was possible to achieve fairly reliable breakdowns for most of the mixed commodities.
Since by their very nature these breakdowns were
approximations, it is desirable to suggest the effect of
possible errors in allocation on our estimates. In 1939,
for example, commodities that had first to be broken
down before they could be assigned to a specific group
constituted 28 percent of the output of perishable consumption commodities, 59 percent of semidurable, 44
percent of durable, and were negligible in producers'
durable. Thus, even a net error ol allocation as large
as 20 percent—an unlikely extreme—would affect the
major consumption commodity group totals by 6,12 and
9 percent, respectively, and the producers' durable commodity group not at all. For particular minor groups,
the extreme percentage effect, computed in similar
fashion, may be somewhat greater, but probably still
not so serious as to reduce appreciably the reliability of
any group total. Furthermore, there is no reason to
suspect sizeable temporal variations in the percentages.
The preceding comments on manufactured commodities relate solely to Census years. For the intercensal
years the estimates were of necessity based on less complete information. Nevertheless, even the intercensal
April 1942
estimates are believed to be of a fairly high order of
reliability.
From a wide variety of sources there were assembled
as many different interpolating series for each minor
commodity group as were available. These series were
then checked and tested against one another by noting
carefully the degree of coverage and by examining the
changes from Census year to Census year in the ratios
of the various sample series to the Census year totals.
For each group that series was chosen winch showed
the most complete coverage and constancy of relationship. Reasonably good intercensal interpolations were
obtained for every commodity group.
b. Nonmanufactured commodities.-—Nonmanufactured
commodities relevant to the study are found in the
products of farms, fisheries, and mines. Of these
products, those that are classifiable as finished fall into
two of the perishable consumption commodity groups:
nonmanufactured foods and fuels.
Annual statistics on agricultural products were
secured from data compiled by the Department of
Agriculture. Because a substantial amount of fruits,
vegetables, milk and other farm products are used in
the manufacturing process, cash income received by
farmers had to be apportioned between finished and
unfinished. This was accomplished by using special
tabulations of the Department of Agriculture along
with Census data on materials consumed in manufacturing.
In addition to cash income received by farmers for
finished crop and livestock products, the estimates
for nonmanufactured agricultural foods include commodities produced and utilized for human consumption
on farms. Since such products do not pass through
the market, they required no further adjustments for
distributive mark-up as did most of the other finished
commodities.
Nonmanufactured foods also include the products of
commercial fisheries. Estimates of the value of edible
fish other than that canned, dried, or otherwise preserved, which had already been covered under manufactured foods, were derived chiefly from compilations
of the Bureau of Fisheries.
Finished nonmanufactured fuels include firewood and
anthracite and bituminous coal. The estimates for
firewood were derived from data of the Department of
Agriculture; those for coal from data of the Bureau of
Mines.
c. Construction.—The construction estimates are,
with the exception of the private nonfarm residential,
the most recent ones of the Bureau of Foreign and
Domestic Commerce. Private nonfarm residential
construction was computed by the Bureau of Labor
Statistics. All the figures are on a w^ork done or
activity basis and include major additions and alterations as well as new construction. Since detailed construction estimates were published in the February
SURVEY OF CURRENT BUSINESS
April 1942
1942 issue of the Survey (p. 36) they have not been
reproduced here.
2. Tracing the flow oj
finished
commodities.—The
commodity estimates to this point are valued at producers ' prices, f. o. b. farm, factory and mine. To pass
from output at producers7 prices to the final cost to
ultimate users, all commodities except those produced
and consumed on farms had to be followed through the
distributive system. Since it was not feasible to trace
the flow of each individual commodity, the necessary
adjustments and additions to producers7 values were
made using the 63 commodity groups as units. For
most groups the sequence of adjustments and additions
can be outlined in step form. In the brief descriptions
that accompany the outline it should be kept in mind
that the various inventory, foreign trade, sales/and
mark-up data, whether for commodities, industries, or
types of store, were always first combined so as best to
correspond with the minor commodity groups.
a. Translation oj output at producers' prices to j . o. b.
19
d. Addition oj imports to sales to wholesalers in order
to derive total cost to wholesalers.—Imports
for consump-
tion including duty were assembled from the annual
data of the Department of Commerce in Foreign
Commerce and Navigation.
e. Adjustment oj total cost to wholesalers jor changes in
inventories held by wholesalers in order to derive cost oj
goods sold by wholesalers.—Approximate inventory-cost
of goods ratios for comparable kinds of business were
derived for 1929, 1933, 1935, and 1939 from the Wholesale Census. These were interpolated for intercensal
years by similar ratios derived from Statistics oj Income
data for wholesale corporations. Application of the
annual ratios to our estimates of total cost to wholesalers made possible the computation of inventories held
by wholesalers and the subsequent correction for
inventory changes.
f. Addition oj wholesale mark-ups to cost oj goods sold
by wholesalers in order to get sales by wholesalers.—Oper-
ating expenses as a percentage of net sales for comparable
sales at producers' prices; i. e., adjustments for changes in kinds of business were derived for 1929, 1933, 1935, and
inventories oj finished commodities held by producers.— 1939 from the Wholesale Census. Expense-ratios deThe 1937, 1938, and 1939 adjustments were based rived from non-census data were used to interpolate for
chiefly on the detailed inventory data reported in the intercensal years whenever possible; when appropriate
Census of Manufactures. Sales-production ratios were wholesale data were lacking, the movement of the comcomputed for these years and extended to earlier years parable group expense-ratios for retail trade were used.
by similar ratios computed for related corporate indus- Profit and loss allowances required to translate the
try groups as reported in Statistics oj Income. Since expense-ratios into gross-margin ratios were derived
the original values obtained for nonmanufactured foods from non-census wholesale data or from gross marginwere in terms of sales, no inventory adjustment had to expense relationships developed for comparable retail
be applied to that group.
groupings. The adequacy of the profit and loss allowb. Addition oj transportation charges to thej. o.b. sales ances was checked and substantiated by comparison
values.—Estimates of transportation charges were based with Statistics oj Income data for wholesale corporations,
chiefly on data of the Interstate Commerce Commis- 1929-39, and for non-corporate wholesale concerns for
sion. Freight revenues of Class I, Steam Railways as 1936 and 1939. Finally the gross-margin ratios were
percentages of commodity values at point of origin were converted to mark-ups (if Mis the mark-up or percentcompiled for 1928, 1930, 1933, 1936, and 1939 by the age of cost and G the gross-margin, or percentage of
Commission. Similar percentages for intervening years
C1 \
were derived from the annual freight commodity
sales, M =
-^) and applied to the estimates of cost
statistics of the Commission, supplemented by price
100— (J/
data from various sources, principally the Bureau of of goods sold by wholesalers.
Labor Statistics. For those groups in which other
g. Subtraction oj exports jrom sales by wholesalers.—
forms of transportation were fairly important, e. g., Export data were obtained from the annual data in
motor truck for nonmanufactured foods and pipe lines Foreign Commerce and Navigation: For a number of
for petroleum products, the percentages derived from groups, particularly most of those in the producers'
the Interstate Commerce Commission data were durable classification, it was found that exports were
checked, and where necessary, supplemented by what- either made directly by the producer or at prices closer
ever sale figures could be obtained for other forms of to producers7 prices than to wholesale prices. The
export adjustment for these groups was applied before
transportation.
c. Distribution oj producers1 sales including transpor- distributing producers' sales among those to wholetation charges among sales to wholesalers, to retailers, and salers, retailers, and ultimate users; i. e., before step (c).
direct to ultimate users.—Appropriate percentage dis- No adjustment was made to remove lend-lease exports
tributions were derived for 1929, 1935, and 1939 from in 1941.
detailed industry data reported in Distribution oj Sales oj
h. Distribution oj domestic sales by wholesalers among
Manufacturing Plants. For intercensal years, the derived sales to retailers and direct to ultimate users.—Appropriate
census year percentages, most of which did not change distribution percentages for detailed kinds of business
were derived for 1935 and 1939 from Wholesale Census
appreciably, were interpolated along a straight line.
20
SURVEY OF CURRENT BUSINESS
April 1942
data. Between 1935 and 1939 the percentages were
interpolated along a straight line; prior to 1935, the
1935 percentages were used. The smallness of the
changes between 1935 and 1939 suggest that no serious
distortion is likely as a result of using constant percentages before 1935.
as a percentage of net sales for comparable types of
stores were derived for 1929 and 1935 from the Retail
Census. For 1933 and 1939 the less complete census
data had to be adjusted to allow for all operating
expenses before similar ratios could be computed.
Expense-ratios derived from a wide variety of noni. Adjustment of total cost to retailers (obtained by census data were used to interpolate for intercensal
summating (c) and (h) for changes in inventories held years. Profit and loss allowances required to translate
by retailers in order to derive cost of goods sold by re- the expense-ratios into gross-margin ratios were derived
tailers.-—-Approximate inventory-cost of goods ratios for from the noncensus data. The adequacy of these
comparable -types of stores were derived for 1929, 1933 allowances was checked and substantiated by com1935. and 1939 from the Retail Census. These were parison with Statistics of Income data for retail corporinterpolated for intercensal years by similar ratios ations, 1929-39, and for noncorporate retail concerns
derived from Statistics of Income data for retail corpor- for 1936 and 1939. Finally the gross-margin ratios
ations. Application of the annual ratios to the esti- were converted to mark-ups and applied to the estimates of total cost to retailers made possible the com- mates of cost of goods sold by retailers.
putation of inventories held by retailers and the
k. Determination of total cost to ultimate users.— To
subsequent correction for inventory changes.
obtain total cost to ultimate users producers' direct
j . Addition of retail mark-up to cost of goods sold by sales, wholesalers' direct sales and sales by retailers
retailers to derive sales by retailers.—Operating expenses were summated.
{Continued from page 7)
Part of the advance in total stocks represented larger
inventories at refineries. This condition has led to a
reduction in both production of crude and crude runs
to stills. The adjusted index of the former dropped
almost an eighth from the 131 (1935-39 = 100) reported
for February. Crude runs to stills during March on a
daily average basis were 3,600 barrels, in contrast to
3,800 million a month previous.
The decline in tanker tonnage has been offset to some
extent through increased shipments of petroleum
products by rail tank car. Early in January these
averaged 64,000 barrels; by March 28, daily shipments
had reached 506,000 barrels. It is thought that a more
efficient coordination of existing facilities, including the
use of trucks for short hauls and the speeding up of
turn-arounds, may make possible delivery of as much as
600,000 barrels daily-—two-fifths of the normal East
Coast consumption of approximately 1.5 million barrels.
A 24-inch pipeline for transporting crude oil from
Texas fields to the New York-Philadelphia refineries
has been proposed. This would add 350,000 barrels a
day to Eastern supplies. However, its construction
thus far has been held up by the need for steel plates
in more vital industries—notably machinery, shipbuilding, and railroad equipment.
There is some possibility of tank car supplies to the
East Coast being further expanded through diversion of
cars now supplying other districts. To some extent, of
course, such diversion is possible through more efficient
operations in these areas. The Coordinator of Petroleum already has freed some cars in Midwest areas by
such means. Eventually, however, diversion would
spread the shortage over a wider area, making it less
acute in those regions formerly fed by ocean tankers.
If rubber supplies now available on civilian passenger
cars are to be husbanded carefully, nationwide curtailment of gasoline consumption is inevitable. By whatever means this is achieved—through rationing in all
areas, or otherwise—it should ease the Atlantic Coast
and Pacific Northwest shortage.
Production Problems.
Meanwhile, the industry is not without some production problems. Changes in refining operations already
have been necessary to increase the output of 100-octane
aviation gasoline, and further changes are required to
expand production of heavy fuel oil.
Moreover, there must be increased exploratory
activity if new reserves of oil are to be made available
at a rate at least equal to that at which known or previously discovered reserves have been produced and consumed. Over the last 3 years new discoveries of crude
oil (exclusive of revisions and extensions in known
fields) have failed to balance consumption by approximately 2 billions of barrels. A substantial portion of
both current reserves and production are associated
with fields that are more than 50 percent depleted.
The restriction by Government order of drilling
operations to 40 percent less than the 1941 program
makes it essential that most of the 1942 program be devoted to exploratory drilling. Howxever, successful
drilling this year has been at a lower level than in 1941.
The Oil and Gas Journal reports that up to March 14,
the percentage of dry holes to total wells drilled was 31
percent, compared to 21 percent for the same period
last year. This is at the rate of one dry hole to every
three wells drilled for this year, and one dry hole to
every five wells drilled for last year.
21
SURVEY OF CURRENT BUSINESS
April 1942
NEW OR REVISED SERIES
Table 9.—WAR PROGRAM IN THE UNITED STATES
[Millions of dollars]
1940
July
Aug. Sept. Oct.
1941
Nov.
Dee.
Jan.
Mar.
Feb.
Apr.
May
June July
Aug.
Sept. Oct.
Nov.
Dec.
Cumulative total from June 30,
1940, to end of month specified:
Total war program 2
. 13. 662 13,837 20,417 23, 017 23, 304 23.846 24, 30(5 24, 940 34. 932 39, 418 40, 838 40, S61 52, 508 60,918 61, 663 68, 207 68, 373 80, 604
3
Commitments
Cash expenditures
4
.
__
5, 363
606
6, 313 12, 205 14, 683 15,979 17,601 19 205 20, 040 22,613 24, 035 27. 889 31,587 35, 548 39, 650 44, 284 49, 619 51,441 56, 625
1.022
1, 456 1, 949 2, 519 3,190
3, 962 4, 702 5. 660 6, 589 7, 562 8, 536 9, 643 10,928 12, 436 14.184 15, 795 17,965
1 Compiled by the War Production Board. Data include all funds and authorizations made available for war purposes by the U. S. Government plus foreign orders placed
in this country since November 1939. The major portion of the existing program has been approved since June 11, 1940, but some authorizations (particularly portions of the
Naval expansion program, the merchant shipbuilding program, and the stockpile program) were made available even earlier. All funds are shown during the fiscal year
in which they are available for obligation. For data for January and February 1942, see p. S-16.
2
Cash appropriations, contract authorizations and tonnage authorizations less cash appropriations used to liquidate prior year contract or tonnage authorizations. See
note 1 for period covered.
3 Contract awards, letters of intent, letter contracts, orders to Government arsenals, and other actions which legally commit funds.
* Checks paid from the Treasury General Fund (the national defense item under Federal expenditures published regularly on p. 16 of the Survey), checks issued by the
RFC and subsidiary Government corporations, and checks issued by foreign purchasing missions. The figures include payments made by the British purchasing mission
beginning December 1939; other data relate to the period beginning July 1,1940.
Table 10.—Profits and Dividends of Industrial Corporations
l
[In millions of dollars]
j
Profits and dividends
Net profits, by industrial groups
Year and quarter
Total
Number of companies.^1929—Total
Quartei ly average.
1930—Total
Quarterly average
1931—Total
Quarterly average
1932—Total....
Quarterly average
1933—Total
Quarterly average
1934—Total
Quarterly average
1935—Total
Quarterly average
1936—Total
...
Quarterly average
1937—Total _.
Quarterly average
1938—Total
Quarterly average
1939—Total
Quarterly average.. ..
Number of companies
1939—1st quarter
2d quarter
3d quarter
4th quarter
Total
Quarterly average
- _
Iron
and
steel
Other
transMa- Auto- portachin- motion
biles equipery
ment
Nonferrous Other Foods,
bevermetals dura- ages and
ble tobacco
and
prod- goods
ucts
Oil producing
a n d refining
Industrial
chemcals
Dividends
Other Miscelnon- lane- Net
dura- ous profits
ble
servPre- Comgoods ices
ferred mon
57
12
54
50
56
40
36
25
66
56
152
152
152
203
51
131
33
43
11
d 29
346
87
167
42
88
22
<*42
140
35
58
14
100
25
47
12
8
2
198
50
112
28
d 55
d 14
28
4
52
13
152
38
233
58
<*8
d
2
140
35
2
45
11
83
21
131
33
176
44
71
18
108
27
81
20
89
22
203
51
322
80
256
64
101
25
222
55
4
40
10
17
68
71
18
28
7
59
15
84
21
134
34
188
47
104
26
92
23
175
44
126
31
98
24
53
13
87
22
105
26
136
34
182
45
192
48
110
27
184
46
156
39
86
21
22
5
d 11
181
45
169
42
141
35
102
25
110
27
118
29
120
30
140
35
125
31
137
34
140
35
154
38
121
30
d 7
105
26
45
11
8
2
d
15
a \
27
107
27
105
20
100
25
79
20
48
12
54
14
62
16
129
32
129
32
87
22
90
22
629
47
69
15
68
75
49
45
30
80
58
14
72
18
105
26
102
25
80
20
107
27
74
1,379
345
815
204
339
85
d 26
d6
259
65
389
97
639
160
1,007
252
1,086
272
499
125
847
212
152
152
712
178
685
171
548
137
278
70
233
58
291
73
362
91
670
168
732
183
391
98
564
141
152
284
311
320
550
13
14
35
85
20
25
26
44
64
61
12
86
23
21
20
39
25
22
30
42
8
16
23
23
31
36
44
41
36
40
45
66
28
29
32
45
24
27
29
42
173
185
167
321
21
22
21
26
114
119
125
207
1, 465
366
146
37
115
29
223
56
102
26
119
30
70
17
151
38
14
21
26
37
98
24
186
47
134
34
122
30
847
212
90
22
564
141
1940—1st quarter
. . . __.
2d quarter
3d quarter
4th quarter
__
Total
Quarterly average
422
412
396
588
1,818
454
47
51
79
101
69
53
17
103
41
36
33
63
33
29
30
40
34
30
25
24
29
30
29
44
246
230
211
342
21
21
22
25
136
158
158
217
173
43
133
33
148
37
112
28
46
45
52
51
194
49
41
41
40
39
242
61
14
21
25
28
88
22
34
38
33
43
278
69
33
39
34
52
158
39
160
40
132
33
1,028
257
90
22
669
167
194 L—1st quarter
2d quarter
3d quarter 3
4th quarter
Total 3
Quarterly average 3
510
549
560
558
2,177
544
86
84
81
73
44
48
46
55
79
73
60
59
53
56
56
62
39
36
38
41
23
28
30
30
36
43
44
42
29
42
56
53
49
53
52
52
44
48
49
48
29
36
46
44
286
297
284
280
22
23
23
24
153
165
170
221
326
81
193
48
271
68
227
57
154
39
111
28
165
41
180
45
207
52
189
47
155
39
1,148
287
92
23
709
177
488
2,146
536
1, 235
309
415
104
<*130
<*32
351
88
617
154
1. 005
251
1,543
386
1,693
423
774
193
1, 349
337
36
386
97
175
44
dl7
rf4
< 159
*
<*40
*62
d 15
<*17
d
1
<M2
d\l
2
( )
(2)
27
61
15
93
23
108
27
9
2
84
21
53
13
69
17
98
25
123
31
63
16
91
23
d 29
< 7
*
(2)
(
V,
\
19
23
59
15
70
17
84
21
117
29
118
29
78
20
121
30
d 19
d 5
28
d Deficit.
1 New series compiled by the Board of Governors of the Federal Reserve System. These new data have been substituted for data on quarterly profits of 167 industrial companies compiled by the Federal Reserve Bank of New York, which have formerly been included in the SURVEY. For both the series on profits of 629 companies and for the
series on profits and dividends of 152 of these companies, identical companies have been included throughout the reporting period. Data for the larger group of 629 companies, compiled quarterly, are available only beginning 1939 and earlier data shown for 488 of these companies and for the group of 152 companies are available only on an
annual basis. These annual data are tabulated on the basis of the yearly accounting periods covered by published annual reports and include reports for fiscal years ended
between the periods July 1 of the specified year through June 30 of the following year.
Net profits are before dividends and after all charges, including depreciation, interest, special reserves charged as expense, and all taxes. Aggregate dollar dividends are
reported quarterly by only a few companies and, for most of the companies for which these data are shown, dividends were computed for each class of stock on the basis of
dividends per share and the number of shares outstanding.
The 629 companies include 351 companies engaged primarily in the production of durable goods, 204 in the production of nondurable goods, and 74 in various service
activities such as trade, restaurants, amusements, and water and air transportation. Companies are classified by industrial groups on the basis of their predominant prewar
activity. To a considerable extent, the data represent large and very large companies. The sample includes no representation of companies with total assets under $250,000
and a very limited representation of companies with assets between $250,000 and $5,000,000. Some important nondurable goods industries, such as meat packing, sugar
refining and rubber, are not represented. The 555 manufacturing and mining companies in the sample accounted for about 40 percent of the net income of all X .S manuJ
facturing and mining corporations in 1939.
For a more complete description 3 the data, see pp. 214-215 of the March 1942 Federal Reserve Bulletin.
of
$500,000 deficit.
2 Less than
Partly estimated.
22
SURVEY OF CURRENT BUSINESS
April 1942
Table 11.—WHOLESALE PRICES OF SOUTHERN YELLOW PINE BOARDS AND FLOORING »
[Dollars per M board feet]
1926
Month
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
B o a r d s , N o . 2, c o m m o n , 1 x 8
22. 455
23. 073
23.904
22. 433
21.778
380
773
813
750
625
625
350
250
938
300
375
200
20.313
21.125
21. 700
21. 938
22. 375
22. 600
22. 938
23. 450
23. 813
24. 375
24. 500
25. 313
24. 813
24.125
24.900
25.188
24. 563
24. 500
24.000
25.350
24.075
22. 625
21.625
19. 375
20. 201
19. 475
19. 707
19. 499
18. 463
17 779
17 737
16 914
16 274
15 462
15 720
15 462
15. 273
14. 972
15. 250
15. 090
14. 730
14 160
14 070
14 090
13 850
13 060
13. 990
14 160
14. 060
13. 800
13. 400
12. 910
12. 240
11. 730
11 230
10 840
11 440
12 110
12.260
12. 220
11. 810
11. 570
11. 770
12. 070
12. 780
16. 260
18. 960
20. 080
21 090
21 820
21 180
21 480
21. 520
21. 360
21. 490
21. 380
21. 290
21 340
19. 880
19 320
19 280
19 300
19 380
19.250
18. 613
17. 955
17. 503
17. 068
17. 740
18. 933
19. 405
19. 200
18. 815
18. 524
17 735
17 856
18. 380
18. 523
19. 046
19. 835
20. 175
19.842
19. 355
19. 228
19. 326
19 652
19. 690
20. 884
23. 260
26. 090
27. 070
26. 450
24. 520
22. 516
20. 548
20. 382
20. 353
19. 235
18.424
17. 400
17. 430
17. 683
17. 714
17. 610
17.186
16 610
17 090
18 372
18 815
19.643
21 976
22 710
22. 666
22. 628
22. 550
22. 203
21. 500
21. 263
21. 093
20.934
22. 333
24. 596
24. 633
24.173
24. 046
23. 610
23. 205
22. 832
22.003
21. 775
21. 864
23. 288
27. 608
32.414
33.013
32. 556
32. 283
32. 368
31. 828
31. 560
30. 813
30. 283
31. 946
34. 550
33. 050
31. 013
30 813
30 804
22.900
21 330
22.885
24.061
17 724
14 391
12 353
10 739
20 399
18 275
19 516
22.173
18 589
22. 538
25. 784
31 781
42 633
46 008
47.170
46 790
46 233
45 430
44 745
45 126
45 988
45. 935
45 750
45 305
44.595
45.185
45. 338
44. 568
43.014
41.015
40.958
42.150
42. 090
41.675
42. 332
42. 975
42.450
43.833
42. 208
41. 355
40. 572
40.115
38. 915
39.214
40. 548
43. 210
43. 085
42.818
42.186
41.938
41. 665
41.310
41. 688
41. 260
41. 196
43. 025
45. 870
49. 838
51.028
50.454
49. 468
48. 720
49. 323
49. 534
48. 990
49. 580
51. 630
54. 978
52. 782
52. 050
52. 393
53. 596
38. 086 45 615
43. 008
41.514
44.355 I 51.148
January
February
March
April
May
June
July
August
September
October
November
December
23. 000
23. 500
23. 225
23.128
22. 864
22. 760
22. 516
M onthly average
F l o o r i n g , B a n d b e t t e r , flat g r a i n , 1 x 4
40. 875
41. 250
31. 250
30. 500
29. 250
29.630
28.950
28. 360
28. 000
27. 340
26. 780
26.120
26. 230
26. 400
41.357
36.958
28.234 ! 20. 147 ! 20.918 36.998 ! 36.709
October
November
December
44. 376
43. 800
41. 688
42. 550
42 750
41. 063
41. 150
39. 938
39.188
38.950
37 938
38 250
37.813
38. 313
37. 750
37. 500
37. 813
37. 500
38. 438
38. 500
38. 750
39.750
41.100
40. 531
40. 563
40.813
40. 550
42.313
40.875
43. 500
42.375
42. 250
41.500
41.500
M o n t h l y average
46.803
40 978
38.651
26.080
25.210
22. 890
21.250
20.310
18.880
17.810
17.350
17. 940
18.130
18. 170
17.740
38.600
38. 630
38. 550
38. 370
38. 250
38. 260
35. 760
35. 350
35. 320
35. 450
35. 680
35. 760
36. 293 36.913
36. 200 36. 808
36.010 37. 324
35.495 37.918
36.405 38. 255
38. 090 37.810
37. 885 37. 745
36. 765 | 37.735
37. 245 38.292
36. 752 38. 828
36. 885 39.070
36. 522 40. 050
40. 250
40. 250
40.000
39. OvJO
37. 750
37. 250
36. 500
36. 250
34.750
34. 250
34.000
33. 250
49.804
48.188
47. 776
48.080
46. 554
46. 450
45.834
45. 693
45. 770
46. 848
45.498
44. 683
January
February
March
April
May
June
July
August
September
16. 770
17.610
17. 540
17.710
18.660
23. 340
29. 430
31. 720
35. 600
38.130
37. 860
38.650
1
New series. Compiled by the Department of Labor, Bureau of Labor Statistic*. These new series are considered more representative prices than the yellow pine scries
shown in previous issues of the Survey. Both the board and flooring prices are for caiiot or mixed car shipments, f. o. b. mill (west of the Mississippi), mill average to wholesaler and retailer, and are transaction prices subject to current cash discount. Data arc based on Tuesday prices from a trade organization. The more complete specifications of
the series are as follows: Boards, No. 2, common, 1" x 8", short leaf, standard length, including rough, surfaced on one to four sides, shiplap and center matched. Flooiing—B
and better, flat grain, I" x 4", shortleaf. Data for years prior to 1930 are for slightly different series than the later data. Monthly average prices for 1930 strictly comparable with data for earlier years follow: boards, $17,604; flooring, $36,990. For 1942 data, see p. S-30.
Table 12.—WHOLESALE PRICE OF PONDEROSA PINE BOARDS l
[Dollars per M board feet]
Annual
average
Year
19.69
19.84
19.61
21.09
17.49
14.78
1926
1927
1928
1929
1930
1931
Jan.
Year
1932
1933. _
1934
19351936
1937,
1938
1939
1940
1941
..
.
_
12.73
10. 57
19.09
18.19
18. 96
19. 06
18.03
18.60
22 64
27.70
Mar.
12.06
10. 73
19.03
18. 65
18.55
20.71
18.50
19.01
22 31
27.40
Apr.
May
12.07
10.65
18.83
18. 66
19. 04
22. 27
18. 37
18. 99
22 20
27.42
Feb.
12. 05
11.44
18. 79
18. 96
19.00
23.11
18.45
18. 94
22 31
27 72
12.00
11.49
18. 76
19. 11
18. 90
23.10
17.86
18. 94
21 48
27. 68
June
11.36
13.36
20.12
19.73
18.66
22.71
17.54
19. 00
21 04
27.55
Aug.
July
Sept.
Oct.
Nov.
Dec. Monthly
average
10.73
16.87
18.61
20.10
18.40
22.81
17.62
19. 48
19 66
29. 37
10. 46
17. 26
18.21
19. 60
18.02
22.06
17.29
20.47
21 33
29.97
10. 59
19.17
18.21
20.10
17.64
20. 62
17.02
22.21
23 94
30.73
10.17
17.18
18.17
19.58
18. 05
20.35
17. 00
22.92
27 21
30.71
10.06
19. 30
18.06
19. 05
18 47
18.45
17.71
22.73
27 33
30.42
11.15
15. 65
19.34
20.73
18. 73
22. 67
16. 68
19.44
20 16
28.03
11 29
14.53
18 77
19 37
18 54
21 54
17.68
20.04
22 70
28.73
Table 13.—WHOLESALE PRICE OF COFFEE, SANTOS, NO. 4, NEW YORK
[Dollars per pound]
Month
January
February
March _
_
April
May
June
July
August,
September
October
November
December
1913
1914
1915
0.157
.150
.140
.134
.136
.122
.118
.120
.122
.134
-|oq
.123
0.121 0.100
.121 .098
.116 .099
.117 .102
.117 .099
.123 .096
.119 .096
.132 .095
. 115 .089
.101 .090
100 .094
.100 .093
1916
1917
0.093 0.109
.098 .106
.102 .100
.104 .104
.107 .106
.107 .105
.107 .102
.109 .102
.115 .100
.110 .097
. 108 .095
.105 .095
1918
1919
1920
1921
1922
1923
0.106 0.218 0.257 0.096 0.123 0.156
.104 .214 .248 .099 .123 .159
.109 .213 .243 .095 .134 .155
.112 .215 .241 .094 .147 .149
.109 .235 .234 .092 .145 .147
.109
262 .234 .094 .146 .145
.114 !289 .197 .094 . 146 .133
.115 .295 .161 .103 .145 .138
.127 .267 .140 .115 .152 .143
.144 .257 .121 .119 .151 .149
. 153 265 110 121 153 151
.223 .252 .100 .124 .152 .153
1924
1925
1926
0.159 0.284 0.239
.185 .275 .240
.203 . 262 .232
.194 .244 !221
.190 .224 .225
.190 .247 .228
.206 .233 .228
.217 .234 .225
222 .239 .221
! 251 .232 .207
269 235 208
.271 .229 .201
1927 1928 1929
1930
1931
1932
1933
0. 195 0.221 0.240 0.149 0.098 0.092 0.098
.184 .225 .246 .145 .095 .091 .095
.182 .230 .248 .146 . 086 .090 .095
.179 .226 .245 .146 . 086 .097 .090
. 172 . 236 .238 .140 . 093 .104 .094
.169 .238 .233 .134 .097 .102 .092
.159 .238 .225 .132 .093 .104 .092
.170 .238 .222 .118 .083 .121 .091
.178 .237 .224 .122 .080 .148 .091
.209 .235 .210 . 137 .078 . 147 .090
221 .231 . 178 . 117 .080 . 106 .090
.217 232 .152 .105 .086 .105 .094
1934
1935
0.102 0.110
.116 .103
.117 .093
.113 .088
.113 .085
.113 .083
.109 .082
.115 .081
.115 .086
.113 .088
. I l l .085
.112 .085
1936
1937
0.091 0.113
.095 .118
.090 .112
.087 .112
.086 .117
.088 .117
.093 .116
.097 .114
.096 .114
.098 .115
. 103 094
.111 !088
1938
1939
1940
0.086 0.077 0. 075
.081 .078 .074
.075 .074 .073
.073 .072 .073
.076 .073 .072
.074 .074 .073
.076 .073 .070
.079 .076 .068
.078 .077 .068
.080 .078 .070
. 081 074 . 072
!080 !073 !074
Monthly average
.132
1
.115
.096
.106
.102
.121
.248
.190
.104
.143
.148
.213
.245
.223 .187 .232
.221
.132
.087
.107
.093
.112
.089
.095
.111
.078
.075 .072
N e w series: Compiled b y the 17. <S. Department of Labor, Bureau of Labor Statistics and represent averages of weekly prices in the wholesale market at New York for
Santos, N o . 4 grade. Annual figures are averages of weekly quotations. For data beginning February 1941, see p . S-26; J a n u a r y 1941 figure, $0,078.
SUKVEY OF CURRENT BUSINESS
April 1942
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1940 Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1936 to 1939, and monthly averages for earlier years back to 1913 insofar as
available; it also provides a description of each series and references to sources of monthly figures prior to 1936. Series added or
revised since publication of the 1940 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying
footnote indicating where historical data and a descriptive note may be found. The term "unadjusted" and "adjusted" used to
designate index numbers refer to adjustment of monthly figures for seasonal variations.
Data subsequent to February for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
BUSINESS
May
June
July
1942
August
Sep- j Octotember
ber
Novem- December
ber
January
INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments
1935-39=100..
Salaries and wages
do
Total nonagricultural income
do
mil. of dol
Tota
Salaries and wages:
Total
do
Commodity-producing industries, .do
Distributive industries
do
Service industries
do
Government
do
Work-relief wages
do
Direct and other relief
do
Social-security benefits and other labor income
mil. of dol._
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
mil. of doL.
Total nonagricultural income
do
123.1
131.2
124.6
6,370
124.0
132.4
125.6
6,977
125.1
133.6
126.6
6,952
128.6
138.1
130.0
131.5
142.0
133.2
7,690
133.1
143.3
134.4
7,474
136.7
145.1
135.9
7,277
139.1
145.6
136.5
8,064
140.9
147.5
138.0
8,264
143.0
148.8
139.6
7,848
148.8
155.4
144.3
9,080
150.3
157.5
146.4
8,143
4,523
1, 868
4,714
1,960
1,034
920
679
121
96
4,909
2,124
1,049
925
695
116
93
5,077
2,243
1,083
4.993
2,277
1,088
5,082
2,347
1,096
942
617
80
90
5,255
2,400
1,114
947
715
79
5,383
2,452
1,127
947
776
81
90
5, 364
2,421
1,133
949
782
79
90
5, 578
2,468
1,269
952
802
87
92
5,432
2, 456
907
639
125
96
4,619
1, 923
999
913
658
126
98
154
432
154
913
148
793
152
453
1,094
152
890
1,165
5, 894
1,193
6,476
1,201
6,442
1,241
6,294
1,275
7,105
1,349
6, 810
61.5
84.0
66.5
100.5
102.0
105.0
78.0
68.0
88.5
79.5
97.0
97.5
100.0
82.0
74.0
93.0
77.5
107.0
108.5
114.5
82.5
83.5
96.5
82.0
110.0
108. 5
118.5
83.5
86.0
96.0
81.0
110.0
107.5
117.5
90.0
99.0
98.5
83.5
112.5
107.5
122.5
90.5
930
717
104
93
151
937
605
86
90
8
()
77
94
147
898
146
833
147
530
154
1, 564
168
816
1,512
6,466
1,675
7,097
1,812
7,164
1,717
6,865
1, 692
8,134
1, 633
7,283
123.0
102.0
144.5
110.0
95.0
109.0
112.5
114.0
87.0
99.0
120.0
122.5
129.0
88.5
161.0
111.5
101.5
121.0
124.5
128.0
92.0
137.5
112.5
101.5
123.0
131.5
122.5
106.5
128. 5
134.0
124.5
143.0
131.5
153.5
132.0
r 110.0
131.5
••119.0
' 143.0
' 124. 5
r 154.0
143.5
149
444
AGRICULTURAL INCOME
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100.
Adjusted
do...
Crops
do...
Livestock and products
do...
Dairy products
do...
Meat animals
do___
Poultry and eggs
do...
P90.0
v 126. 5
v 105. 5
P 145. 5
v 132. 0
v 154. 5
v 144. 5
INDUSTRIAL PRODUCTION!
(Federal Reserve)
Unadjusted:
167
167
167
165
159
144
162
163
144
155
140
160
Combined index}
.1935-39=100..
172
173
173
172
170
167
160
164
144
149
165
153
P175
Manufactures!
do
206
210
••215
209
211
192
199
171
198
P220
178
182
Durable manufactures}
do
'197
192
191
191
191
196
184
179
185
184
184
181
193
Iron and steel}
do
'185
148
145
••122
134
119
134
128
144
151
140
-123
130
Lumber and products*
do
156
159
'142
143
129
154
155
157
149
133
150
135
Furniture*
do
144
138
130
115
112
124
113
142
148
135
118
128
Lumber*
do
227
231
206
177
241
'248
229
224
214
216
P257
185
194
Machinery*
do
192
185
191
173
194
192
189
190
187
179
184
191
Nonferrous metals*}
do
P191
174
176
164
112
'137
172
167
145
166
172
125
142
Stone, clay, and glass products*..do
P131
184
185
Io3
102
137
171
153
181
174
117
139
177
Cement
do
132
166
173
159
120
165
170
154
172
163
160
130
135
Glass containers*
do
164
120
117
142
131
68
120
80
96
109
149
141
142
47
Polished plate glass
do
245
269
229
207
280
275
221
244
214
206
229
'302
Transportation equipment*}
do
J>314
1,204
1,290
876
741
1,340
997
1,113
768
930
818
Aircraft*}
do
0)
0)
0)
Automobile bodies, parts and as146
142
134
120
135
152
120
161
148
150
136
sembly*
1935-39 = 100__
75
74
110
123
85
164
47
164
160
134
161
139
Automobiles, factory salescf
do
338
319
335
307
(0
256
306
280
204
216
237
0)
Locomotives*
do
(0
249
278
264
218
236
233
178
196
233
182
0)
0)
Railroad cars*
do
(0
560
645
634
428
467
381
485
307
0)
335
353
0)
(0
Shipbuilding (private yards)*_ .do
145
143
137
143
138
138
135
142
126
130
122
137
v 138
Nondurable manufactures
do
lOfi
137
118
137
129
100
108
131
120
122
94
M2
117
Alcoholic beverages*
do
148
151
153
138
153
129
139
136
135
142
124
'153
*>157
Chemicals*
do
128
123
115
125
119
127
122
118
120
129
117
' 124
v 133
Leather and products
do
131
115
109
119
125
128
128
123
124
135
121
'119
*>126
Shoes*
do
158
139
129
137
128
142
107
112
119
152
104
124
v 121
Manufactured food products*}..-do
132
94
90
106
181
188
134
105
175
167
92
P99
P110
Dairy products*}
do
119
152
165
134
121
122
119
119
132
116
122
173
135
Meat packing
do
149
152
146
151
139
143
136
137
141
146
131
150
Paper and products*
do
151
159
153
155
147
145
137
140
145
150
133
158
Paper and pulp*
do
134
137
136
135
129
128
126
131
119
120
120
132
Petroleum and coal products*
do
152
153
158
153
154
154
154
148
154
133
152
161
Coke*
do
131
134
134
132
125
124
122
128
114
119
115
128
Petroleum refining
do
125
131
138
131
116
127
126
121
115
'125
121
124
29
Printing and publishing*
do
131
134
153
192
162
130
155
151
0)
157
Rubber products*
do
(0
0)
0)
151
150
156
154
155
157
154
155
143
'158
147
150
Textiles and products
do
*159
156
167
155
161
164
160
160
162
152
156
169
160
Cotton consumption*
do
168
174
179
178
172
173
169
170
173
148
180
150
158
Rayon deliveries* }
do
32
174
10
15
66
50
69
66
0)
68
74
73
Silk deliveries*
do
0)
169
0)
164
166
176
165
166
152
163
157
161
152
149
Wool textile production*
do
132
133
134
110
121
122
123
128
108
126
121
110
113
Tobacco products
do
r
i Included in total and group indexes but not available for publication separately.
Revised
v Preliminary.
(/"Formerly designated as "automobiles."
• Publication of data discontinued to avoid disclosure of military payrolls,
fRevised series. For revised data on income payments beginning 1929, see table 21, pp. 16 to 18 of the July 1941 Survey. For industrial production series, see note marked
with a " t " on
p. S-2. note marked with a "f" on p. S-2. }Revisions appear in the September 1941 Survey, see note marked with a " t " on p. S-2.
*New series. See
S-2
SURVEY OF CURRENT BUSINESS
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
April 1942
1941
1942
February
February
March
April
May
June
July
1942
Novem- December
ber
August
September
134
125
120
135
122
187
152
116
131
137
129
122
144
124
182
152
120
135
138
131
123
142
127
180
156
119
134
135
130
99
143
128
161
157
128
r 131
124
129
94
138
129
95
' 159
124
r 138
' 126
131
104
144
129
92
158
131
138
160
166
199
185
140
152
134
224
189
154
148
158
133
241
1,113
161
166
203
192
136
149
163
169
207
191
135
146
166
173
209
191
135
148
128
229
190
161
164
168
105
280
1.340
167
174
214
196
138
149
132
241
192
166
191
165
171
••178
222
' 191
' 143
' 153
' 138
' 248
195
r
197
'249
184
65
'302
October
January
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION! Con
Unadjusted—Continued.
MineralsJ
1935-39=100..
Fuels*
__do..-.
Anthracite
do
Bituminous coal
do
Crude petroleum
do
Metals* t
do
Copper*
do
Lead
do
Zinct
do
Adjusted:
Combined indexX
do
Manufacturers t
do
Durable manufactures 1
do
Iron and stcelt
do
Lumber and products*
do
Furniture*
do
Lumber*
do
Machinery*
do
Nonferrous metals*t
do
Stone, clay, and glass products*-.do__.
Cement
do
Glass containers*
do
Polished plate glass
do . _..
Transportation equipment*t
do_..
Aircraft* t
do... Automobile bodies, parts and assembly*
1935-1939 = 100.
Automobiles, factory salesc? t . . _ do _ _.
Locomotives*
do
Railroad cars*
do
Shipbuilding (private yards) * _ _ do
Nondurable manufactures
do
Alcoholic beverages*
do
Chemicals*
do
Leather and products
do
Shoes*
do
Manufactured food products*X~ _. do
Dairy products* $
do
Meat packing
do
Paper and products*.
do
Paper and pulp*
do
Petroleum and coal products*
do
Coke*
do.__
Petroleum refining
do
Printing and publishing*
do
Rubber products*
do
Textiles and products
do
Cotton consumption*
do
Rayon deliveries*t
do
Silk deliveries*
do
Wool textile production*
do
Tobacco products
do
Minerals]:
do
Fuels*
do
Anthracite
do
Bituminous coal
do
Crude petroleum
do
Metals* X
do....
Copper*J
do
Leadf
do
Zinc J
do
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
v 126
v 132
120
v 141
p 129
p 91
p 160
140
146
114
118
112
134
112
93
155
116
126
117
121
105
143
114
92
151
116
125
96
87
76
18
116
rl49
156
121
133
127
118
88
126
118
181
159
117
127
131
123
116
132
120
181
152
116
136
130
121
107
128
119
184
147
110
125
p 173
p 180
p 227
193
P 145
P 147
p 144
144
148
176
179
135
129
139
177
173
158
183
131
138
203
741
147
151
180
184
128
132
125
185
179
150
156
139
135
207
768
144
153
180
181
132
139
128
194
183
142
139
135
142
196
818
154
100
190
184
132
152
122
206
189
141
134
148
142
228
876
159
164
195
184
135
155
125
214
186
160
165
199
185
141
161
131
216 |
192 |
150
138
155
152
243
930
151
143
154
146
255
997
143
152
204
182
307
126
108
124
108
112
120
127
126
128
128
122
152
117
114
153
143
152
148
67
149
116
118
113
102
114
113
148
153
116
126
142
143
216
124
122
152
151
256
218
381
135
114
136
123
126
123
129
132
142
145
125
148
122
122
162
157
164
169
161
168
189
P
P257
v 191
P 190
236
178
49
p 314
0)
0)
0)
()
133
P157
P122
P117
P139
P153
141
161
P127
0)
P159
174
174
1
C)
130
P130
*>126
P109
P120
P131
P149
P158
140
146
128 |
104 I
125 I
114 [
115
121
125
134
132
133
123
154
118
116
155
146
156
150
71
152
117
125
121
102
14V
112
148
148
118
125
23:
196
353
131
107
133
114
117
123
135
126
134
136
121
133
119
118
158
150
160
158
74
152
120
95
86
71
129
231
185
158
159
168
102
269
1, 290
114
131
127
137
146
119
151
156
114
125
141
93
306
236
485
139
128
145
121
120
132
127
134
147
152
130
154
126
129
130
154
160
170
56
166
118
132
129
162
147
119
148
155
116
131
134
74
319
249
560
137
131
146
120
117
129
130
126
144
149
132
152
128
125
131
151
156
168
34
169
121
131
128
127
139
124
145
154
120
135
146
110
335
278
634 |
138
129
147
125
123
131
133
133
146
150
133
153
129
127
134
150
161
172
10
164
128
130
127 |
116
127
128
145
151
119
134
154
307
233
467
138
130
146
129
132
126
126
125
146
150
128
154
124
127
153
155
162
113
149
152
119
133
71
165
119
126
121
80
149
114
152
159
115
127
194
285
296
267
304
263
136
196
277
288
255
304
247
144
207
290
308
276
307
269
154
229
330
316
298
289
429
164
212
295
339
294
281
301
159
196
257
309
290
223
265
157
202
260
304
265
249
258
165
165
198
180
219
172
244
235
235 :
191
233
181
259
267
245
185
222
159
246
251
245
216
84
238
262
262
443
206
146
164
134
168
134
214
160
129
478
219
154
452
210
151
164
138
173
143
213
170
137
513
226
164
166
150
181
151
203
195
164
157 i
142
123
338
264
645
143
109
149
134
134
140
137
135
153
159
135
153
133
136
0)
156
167
179
15
166
132
131
128
97
125
132
M46
275
0)
120
85
0)
0)
0)
141
116
152
127
130
136
140
142
155
162
138
158
135
130
0)
154
155
178
0)
' 152
127
"131
176
129
130
127
89
124
132
147
157
122
' 138
193
239
359
246
213
227
163
212
265
314
326
225
258
178
232
332
396
367
248
413
167
208
239
118
267
301
265
203
240
159
257
278
255
203
242
171
272
291
246
207
252
155
307
317
257
639
237
180
188
174
192
151
228
206
167
695
228
172
182
161
194
145
222
200
162
714
224
168
176
158
202
158
194
191
149
881
222
168
171
160
191
154
193
204
143
I
0)
P124
P75
0)
0)
(0
143
139
'154
'126
124
139
P154
148
153
160
135
161
131
127
0)
••158
169
180
161
132
131
128
89
129
132
'149
162
131
138
I
New orders, total
Jan. 1939=100.
Durable goods
do
Electrical machinery
do
Other machinery..."
do
Iron and steel and their products
do
Other durable goods
do
Nondurable goods
do... Shipments, total
do
Durable goods
do
Automobiles and equipment
do
Electrical machinery
do
Other machinery
do
Iron and steel and their products
do
Transportation equipment (except
automobiles)
do
Other durable goods
do
Nondurable goods
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
do
Rubber products
do
Textile-mill products
do
Other nondurable goods
do.
178 i
335 I
148 !
280 j
233 !
428 ]
139 I
122 j
144 |
130 j
136 i
127 :
124 !
124
145 !
149 i
127 !
154 !
123 !
128 |
192 ;
156
160 i
173 !
73 !
163 j
118 !
132 j
129 I
126
153 !
120 ;
"•151 j
155 !
117 I
136 !
129 I
227 j
192 j
156
154
163
120
245
1,204
W3
277
295
237
132
159
189
165
205
202
198
p 225
c
171
165
209
217
210
172
205
155
231
230
215
325
176
133
146
120
148
110
171
154
134
270
183
136
144
123
152
114
174
157
140
439
196
142
159
127
162
121
193
166
142
172
144
173
139
236
178
125
-"268
'414
* 347
••414
'245
' 719
' 174
r
201
232
' 135
*• 2 4 9
' 292
' 245
r
'824
'213
'174
'184
'167
'195
'156
r 169
'206
'153
April 1942
S-3
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
1943
1941
February
March
April
May
June
July
August
September
October
Novem- December
ber
January
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*—Con.
Inventories, total
average month 1939=100- v 163.1
Durable goods
do
v 181.1
Automobiles and equipment
do
* 189. 8
Electrical machinery
do
v 249. 8
Other machinery
do
v 191. 2
Iron and steel and their products
do
v 124.9
Transportation equipment (except automobiles)
average month 1939=100.. v 719. 5
Other durable goods
do
v 141. 4
Nondurable goods
do
v 147.2
Chemicals and allied products
do
v 150. 8
Food and kindred products
do
v 159. 2
Paper and allied products
_do
p 136.8
Petroleum refining
do
v 113. 3
Rubber products
do
Textile-mill products
do
~p~154.~2~
Other nondurable goods
do
v 147. 5
122.7
134.8
146.0
156.1
133.1
125.0
124.1
137.2
149.5
165.4
136.0
122.8
126.0
140.2
155. 2
172.9
140.0
122.5
128.7
144.1
155.1
183.9
144.1
124.5
132.0
146.7
152.8
190.6
146.4
125.5
136.4
150.3
138.3
198.7
151.1
126.9
140.0
155.8
163.9
206.5
156.5
126.5
143.4
160.5
187.6
212.5
158.7
126.0
148.2
166.2
195.0
225.5
166.4
125.9
152.7
170.3
193.3
231.6
173.3
127.8
158.5
175.8
193.3
234.1
180.0
129.2
161.9
179.2
190.8
243.9
187.5
127.2
331.1
111.3
112.2
118.1
108.3
119.9
101.5
133.2
120.0
108.0
357.5
113.0
112.6
119.1
109.3
120.4
101.7
138.6
122.7
105.6
375.1
114.6
113.6
118.9
113.0
119.4
102.7
140.4
124.2
104.1
403.1
116.5
115.2
118.4
117.3
117.6
103.2
143.1
126.6
105.3
428.4
118.0
119.2
119.5
123.0
118.8
104.9
143.3
129.4
111.9
467.4
121.8
124.3
122.9
133.2
122.1
106.3
145.8
135.3
115.0
504.7
123.8
126.2
125.2
139.9
124.2
105.8
141.4
132.1
117.1
552.2
125.0
128.4
126.0
142.8
125.4
107.7
133.5
133. 6
121.9
600.2
127.4
r 132. 5
128.2
146.7
128.5
110.4
131.8
137.6
128.9
618.2
130.9
137.4
132.0
153.4
132.0
111.9
134.6
143.5
134.1
659.7
136.4
143.5
143.7
162.0
135.1
113.2
143.6
147.3
138.7
693.9
139.5
146.9
147.8
163.6
134.4
113.4
149.7
151.5
145.4
89.4
74.5
87.3
88.6
88.6
90.8
76.9
89.4
89.4
88.9
99.8
92.0
78.3
90.7
90.0
89.2
101.5
92.9
79.
92.2
90.2
89.5
101.9
93.2
80.1
92.6
90.3
89.9
102.2
94.5
82.4
'95.2
90.3
90.1
102.5
108.1
110 8
110.7
103.7
112.0
106.8
105.0
109.3
112.6
111.6
104.0
114.4
107.5
106.9
110.2
113.8
113.1
104.0
115.6
107.8
107.4
110.5
114.8
113.1
104.1
116.8
108.2
107.7
111.9
115.7
116.2
104.2
117.8
108.4
108.3
COMMODITY PRICES
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=100Clothing*
do...
Foodf
do._.
Fuel, electricity, and ice*
do...
Housefurnishings*
do...
Rent*
_do_Miscellaneous*.
_do...
PRICES RECEIVED BY FARMERS§
U. S. Department of Agriculture:
Combined index
1809-14=100.
Chickens and eggs
do
Cotton and cottonseed
do._.
Dairy products
do
Fruits
do._Grains
_
.do...
Meat animals
.do...
Truck crops
do
Miscellaneous...
do...
RETAIL PRICES
U. s« Department of Labor indexes:
Anthracite
1923-25=100.
Bituminous coal (35 cities).
do
Food (see under cost of living above).
Fairchild's index:
Combined index
Dec. 31, 1930=100.
Apparel:
Infants'
do
Men's...
_
do
Women's
do
Home furnishings
do
Piece goods
do
95.2
84.5
95.8
90.4
90.4
102.9
86.1
73.1
78.8
86.4
87.7
98.2
86.3
73.2
79.2
86.4
87.7
98.3
73.3
81.0
86.4
87.8
87.4
73.6
82.2
86.4
88.0
98.5
88.5
73.6
85.5
86.7
88.2
98.6
73.8
86.2
87.8
88.4
98.7
112.6
118.7
116.8
104.2
119.8
108.6
108.6
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
102.4
100.6
101.0
102.4
105.4
102.2
102.9
102.8
102.1
101.1
103.2
105.7
102.5
104.6
103.3
105.9
101.4
105.3
105.8
103.3
105.3
104.8
106.7
102.3
107.4
106.1
103.7
106.2
106.9
108.0
103.2
108.9
106.3
104.0
145
135
150
147
98
121
175
161
133
103
90
80
118
80
81
130
156
103
90
82
118
83
84
129
'145
91
110
104
88
121
89
90
137
161
94
112
107
98
124
89
93
138
146
93
118
118
107
126
97
96
144
146
125
127
121
132
93
98
154
130
107
131
130
128
135
100
99
158
133
128
141
150
140
89
106
166
145
131
139
146
144
145
107
101
157
164
144
135
157
136
148
98
103
151
158
128
143
153
138
148
98
112
160
162
154
149
147
143
148
102
119
166
204
169
88.9
96.7
83.0
90.3
83.0
90.3
83.0
90.1
82.8
90.1
82.4
90.5
84.6
92.0
93.8
88.3
94.9
88.7
95.8
88.4
96.3
88.5
96.5
88.8
96.7
102.6
105.2
106.2
107.5
108.3
110.2
100.0
93.3
100.4
104.9
97.1
101.2
95.5
104.1
106.9
99.9
102.1
96.5
105.7
108.5
101.6
103.2
97.5
106.9
109.5
103.7
103.7
98.1
107.7
110.2
105.0
104.9
101.1
109.1
112.7
107.1
111.9
94.5
94.8
95.5
96.3
97.7
106.7
102.7
111.2
114.3
110.8
97.6
89.3
93.3
96.0
87.6
97.6
89.4
97.7
89.7
94.3
96.5
87.8
97.6
89.5
93.9
97.7
88.8
98.1
90.1
95.3
100.4
91.3
98.7
91.5
96.9
102.4
93.3
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (889quotations*). 1926=100..
Economic classes:
Manufactured products.
_. _do
Raw materials
do
Semimanufactured articles
do
Farm products
do
Grains
do
Livestock and poultry
do
Commodities other than farm products*
1926=100..
Foods
do
Cereal products*
do
Dairy products
do
Fruits and vegetables
do
Meats
do
Commodities other than farm products and
foods
1926=100..
Building materials
do_
Brick and tile
do.
Cementt
doLumberf
doPaint and paint materials*
do..
96.7
80.6
81.5
83.2
84.9
87.1
90.3
91.8
92.4
92.5
93.6
96.0
97.0
97.0
92.0
101.3
95.3
109.3
83.5
74.0
81.6
70.3
64.5
82.4
84.2
75.3
83.4
71.6
67.8
82.5
85.5
77.5
85.1
74.4
70.9
86.2
87.1
79.7
86.4
76.4
74.5
88.0
88.6
83.6
87.6
82.1
75.9
93.0
90.1
86.1
87.9
85.8
76.3
98.9
91.5
87.6
89.5
87.4
79.6
99.0
92.8
90.0
90.3
91.0
85.3
101.1
93.9
89.7
89.9
90.0
81.4
94.5
93.8
90.2
89.7
90.6
84.3
90.6
94.6
92.3
90.1
94.7
91.0
97.4
98 4
96.1
91.7
100.8
95.9
105.7
95.5
94.6
91.1
95.0
85.2
104.0
82.7
73.5
73.8
79.7
59.4
83.6
83.6
75.2
75.2
80.3
60.7
83.7
85.0
77.9
76.8
81.0
63.8
85.6
86.6
79.5
78.2
81.6
64.0
87.2
88.0
83.1
79.8
84.3
73.0
90.8
84.7
80.3
87.7
69.4
93.8
90.7
87.2
81.5
90.3
70.3
97.5
91.9
89.5
85.8
93 3
70*.7
99.4
92.8
88.9
86.4
95.2
75.8
92.7
89.3
85.9
96.3
77.9
90.8
93.3
90.5
89.3
95.5
73.8
95.3
94 8
93. ?
91.1
96.0
78.3
101.6
94.9
110.1
97.0
93.4
132.7
99.9
84.4
99.3
91.4
90.8
117.2
84.9
99. 5
91.5
90.8
116.7
87.4
85.9
100.1
91.7
91.0
116.7
88.7
87.4
100.4
91.9
91.5
116.8
89.3
88.6
101.0
92.5
91.9
117.6
90.3
89.7
103.1
94.2
92.1
122.3
91.6
90.8
105.5
95.1
92.1
127.5
93.3
91.6
106.4
95.7
92.2
129.1
94.7
93.4
107.3
96.6
92.7
129.5
96.0
93.5
107.5
96.6
93.1
128.7
95.3
93.7
107.8
96.7
93.4
129.4
96.5
94.6
109.3
96.9
93.4
131.6
99.1
'Revised. ^Preliminary. -Number of quotations increased to 889 in January 1941. JFor monthly data beginning 1933, see p. 18 of the April 1940 Survey.
§Data for March 15, 1942: Total, 146; chickens and eggs, 130"; cotton and cottonseed, 151; dairy products, 144; fruits, 111: grains, 122; meat animals, 182; truck croDS. 1361
miscellaneous, 132.
*
prices of commodities other than farm products beginning 1913, see table 36, p. 18 of the September 1940 Survey. Data beginning 1926 for cereal products, and 1913 for paint
and paint materials will be published in a subsequent issue.
451744—42
i
S-4
SUKVEY OF CURRENT BUSINESS
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
April 1942
1941
1942
February
February
March
April
May
June
July
1942
August
September
87.4
88.2
104.4
76.6
91.3
79.2
66.7
81.7
61.7
111.3
112.1
100.0
117.1
97.2
102.1
92.2
98.6
96.9
84.4
87.1
89.7
96.1
104.2
64.4
29.8
89.7
88'. 4
124.1
77.3
93.4
79.6
66.2
78.9
61.7
112.6
113.1
100.9
118.8
99.5
104.4
94.4
103.1
97.0
84.6
87.8
90.9
97.8
105.2
66.6
30.3
88.3
123.2
77.3
92.9
78.8
68.2
77.5
60.4
114.1
114.0
101.1
120.5
100.6
105.2
95.8
103.3
97.1
84.8
87.9
91.1
97.9
105.4
67.0
30.3
101.4
85.1
60.8
101.7
102.3
86.4
65.5
101.9
October
Novem- December
ber
January
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor Indexes—Con.
Commodities other than farm products and
foods—Continued
Chemicals and allied products! . . 1926=100
Chemicalsf
do
Drugs and Pharmaceuticals t
do
Fertilizer materials!
do
Oils and fats*
do
Fuel and lighting materials
do
Electricity
do.._.
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins
do
Leather
..do
Shoes
do
House-furnishing goods.
do
Furnishings
do
Furniture
do
Metals and metal products
do
Iron and steel
do
Metals, nonferrous
do
Plumbing and heating equipment-.do
Textile products
do
Clothing
do..-.
Cotton goods
do
Hosiery and underwear
do
Kayon*
do
Silk*..
do..-.
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes.
__do
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food pricesf
Prices received by farmers
Cost of livingf
1923-25=100 -.
do
do
do
104.3
89.3
71.0
102.9
78.5
85.7
96.9
70.4
46.8
72.1
72.5
77.6
50.0
101.6
94.8
94.5
107.4
89.1
95.3
82.6
97.6
95.5
84.0
82.2
76.4
87.2
77.5
60.3
29.5
43.3
91.2
76.9
58.2
93.3
79.8
85.9
97.2
70.4
55.7
72.0
70.0
77.0
49.9
102.6
99.1
94.8
107.4
89.5
95.8
82.9
97.7
95.7
84.3
82.8
78.4
87.7
81.1
60.4
29.5
47.7
93.2
77.6
58.4
93.5
81.8
86.4
97.5
71.0
69.3
72.9
69.2
78.1
51.9
103.9
104.7
95.6
107.8
90.4
97.1
83.4
97.9
95.9
84.3
83.0
81.0
88.7
86.8
61.1
29 5
48^3
93.3
78.6
58.8
94.5
98.7
71.1
80.6
75.6
67.7
80.1
55.3
106.4
110.3
96.9
110.1
91.4
98.0
84.3
98.1
96.1
84.4
83.0
83.0
90.9
91.0
61.3
29.5
49.1
94.1
79.6
58.8
96.7
83.8
87.2
99.9
69.9
80.6
77.9
67.2
81.0
59.9
107.8
112.4
97.9
111.7
93.1
99.0
87.0
98.3
96.5
84.5
83.1
84.5
91.6
94.6
61.9
29.5
51.2
94.6
80.6
58.8
98.0
85.2
87.3
100.0
74.0
83.7
78.5
66.8
80.8
60.9
109.4
112.5
98.1
114.7
94.4
99.7
88.9
98.5
96.8
84.7
83.2
86.2
93.9
96.1
62.9
29.5
51.4
96.5
82.0
58.8
86.0
87.5
100.1
75.3
87.3
79.0
66.4
78.3
61.4
110.2
112.2
98.5
116.1
95.4
100.7
89.9
98.6
96.9
84.4
86.8
88.3
95.1
101.5
63.8
29.5
52.0
98.2
83.7
60.8
100.7
104.1
108.3
101.4
106.8
125.0
129.2
142.7
118.1
123.6
128.5
142.7
117.8
121.0
125.8
133.7
117.1
118.6
123.9
131.2
116.4
115.6
119.5
124.5
114.9
113.4
118.6
117.6
114.4
111.5
117.1
112.2
113.8
109.7
114.3
105.7
112.0
159
111
152
112
97.0
96.3
126.5
79.3
108.2
78.0
115.3
115.5
101.4
121.8
102.5
107.4
97.4
103.6
97.0
85.6
97.9
95.2
105.3
111.4
69.6
30.3
0)
91.3
88.6
123.0
77.8
101.9
78.4
67.4
77.4
59.8
114.8
115.9
101.3
120.7
101.1
105.6
9b. U
95.3
126.3
78.6
106.4
78.2
103.3
97.0
84.8
89.1
91.8
98.4
107.5
67.0
30.3
76.4
59.5
114.9
115.3
101.4
121.1
102.4
107.2
97.4
103.5
97.0
85.4
93.6
93.6
101. 1
110.5
69.0
30.3
102.6
87.3
67.4
102.2
102.7
87.6
67.4
102.5
103.0
89.3
71.0
102.8
109.0
113.4
105.7
110.5
108.9
111.9
108.9
109.5
107.6
111.9
102.8
109.2
104.9
108.9
98.6
107.6
162
105
161
105
137
84
145
87
122
71
138
74
59
123
0)
0)
0)
96.6
(0
0)
Construction and Real Estate
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100. .
Residential, unadjusted
do
Total, adjusted
do
Residential adjusted
do
F. W. Dodge Corporation (37 States):
Total projects
number.. 40,000
Total valuation
thous. of dol_. 433, 557
310, 249
Public ownership
do
123, 308
Private ownership
do
Nonresidential buildings:
Projects
number.. 4,600
Floor area
thous. of sq. ft_. 31, 576
Valuation-.
thous. of dol._ 169, 606
Residential buildings, all types:
Projects
number.. 34, 492
Floor area
thous. of sq. ft_. 41, 836
Valuation
thous. of dol._ 168,014
Public works:
681
Projects
number- _
Valuation
thous. of dol_. 58, 535
Utilities:
227
Projects
number. Valuation
thous. of dol_. 37, 402
New dwelling units provided and permit valuation of building construction (based on
bldg. permits), U.S.Dept. of Labor indexes:!
Number of new dwelling units provided
1935-39 = 100.- 223.5
Permit valuation:
Total building construction
do.
129.9
New residential buildings
do.
168.0
New nonresidential buildings
do
104.2
Additions, alterations, and repairs..do
74.8
Estimated number of newT dwelling units provided in all urban areas (U. S. Dept. of
Labor): f
Total
number..
1-family dwellings
do
2-family dwellings
do
Multifamily dwellings
do
Engineering construction:
Contract awards (E. N. R.) § thous. of dol__ 634, 823
94
78
94
74
117
93
103
80
121
104
101
88
135
111
117
101
32, 304
25,001
270, 373 479, 903
104,801 268, 556
165, 572 211,347
36, 380
406, 675
184,009
222, 666
48, 531
548, 700
267, 454
281, 246
46,950
539,106
313, 650
225,456
49, 637
577, 392
348,495
228, 897
50, 551
760, 233
520,430
239, 803
41,497
623, 292
403,495
219, 797
40, 920
606, 349
371, 345
235, 004
29,150
458, 620
297, 865
160, 755
22, 941 23, 862
431, 626 316, 846
287, 722 198, 251
143, 904 118, 595
5,668
4,120
19, 718 29,451
90, 058 201,458
5,233
31, 509
143, 304
8,446
44, 596
202, 492
6,262
31, 898
200,456
8,339
38, 242
220, 612
10, 766
63, 802
286, 741
7,822
46,810
218, 288
9,907
54,417
269, 553
4,978
31,023
192, 936
3,619
3,245
24, 908 21,113
171, 016 123, 231
19, 746 25, 325
29, 322 35,801
116, 459 147, 859
29, 499
41, 978
166,462
38,093
54, 571
201, 274
38, 527
52,098
205, 634
39,429
52, 895
205,049
37, 234
62, 773
231, 529
31, 791
43, 624
175, 713
29, 246
45,403
171, 772
22, 633
30,170
116,468
18, 344 19, 838
25, 591 26, 864
104, 276 102, 758
715
567
105,989 j 64,428
99
76
153
118
139
« 115
•
r
118
725
42, 242
975
84, 592
1,283
71,426
1,589
96, 501
1,701
99, 631
1,487
101,074
1,871
134,054
1,419
131,123
1,266
94, 563
1,086
88,436
410
21,614
336
45, 994
365
25, 483
403
48, 433
460
33, 385
382
50, 657
680
107,909
465
98,168
501
70, 461
453
60, 780
263
50, 345
212
26, 429
168.1
204.1
273.9
253.6
283.5
264.2
253.1
244.5
198.8
171.5
120.7
121.5
124.1
141.3
120.3
87.4
142. 2
180.1
114.9
108.7
192.9
241.1
168.4
125.6
177.9
221.6
147.7
135.4
195.8
247.7
162.3
140.5
178.5
236.4
135.9
131.9
161.5
233.2
100.0
125.8
156.0
219.8
104.1
112.6
136.6
180.3
89.7
130.9
103.9
147.2
66.0
83.6
104.4
114.1
93.1
81.6
85.7
28, 094
20, 856
2,480
4,758
36,171
27,949
2,813
5,409
48,045
37,835
2,948
7,262
43.885
34,942
2,616
6,327
47,994
38,587
2,681
6,726
45,025
36,072
2,421
6,532
41.622
34, 667
2,363
4,592
40,389
34,395
2,888
3,106
33,646
28,354
2,310
2,982
27,868
20,833
1.550
5,485
19,338
15,433
1,353
2,552
65.6
88.5
i
I
i
i
..
424, 269 452, 430 381, 563 409,371 589, 221 958, 663 529, 561 514.251 406, 332 348, 800 269,689 | 628,780
Revised, p Preliminary. § Data for May, July, and October 1941 and January 1942 are for 5 weeks; other months, 4 weeks, i No quotation.
*New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18 of the May 1940 Survey. Data beginning 1926 for price index for oils and fats will
appear in a subsequent issue.
t Revised series. Data for chemicals and allied products and subgroups revised beginning 1926; see table 32, p. 18 of the August 1940 Survey. Indicated series on "purchasing power of the dollar" revised beginning January 1935; see table 4, p. 18 of the January 1941 Survey. Revised data beginning September 1929 for indexes of new dwelling
units provided and permit valuation of building construction are shown in table 7, p. 17 of the March 1942 Survey. Revised data on number of dwelling units provided for
1939 are shown on table 18, p. 17 of the May 1941 Survey. Estimates beginning January 1940 cover urban areas as denned by results of the 1940 Census; a few revisions in
data
shown on p.
for 1940 as multifamily, 22 of the June 1941 Survey, are available on request. Revisions for January 1941, not shown above, are as follows: Total, 27,505; 1-family, 19,217;
2-family, 1,899;
6,389.
r
S-5
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Totalf
thous. sq. yd.
Airports*
do--Eoads
do_-_
Streets and alleys
do-__
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
Mileage
no. of milesFederal funds
thous. of doL
Under construction:
Mileage
no. of miles.
Federal funds
thous. of doL
Estimated cost
do
Grade crossings:
Approved for construction:
Federal funds
do
Estimated cost
do
Under construction:
Federal funds
do
E stimated cost
do
3,464
1,451
1,110
903
2,083
227
819
1,037
3,567
1,029
1,531
1.007
5,042
1,358
2,087
1,596
7,782
2,804
3,425
1,553
8,776
3,112
3,878
1,786
17,124
9,594
4,825
2,706
9,567
3,606
3,910
2,051
6,072
1,624
2,635
1,814
6,975
2,885
2,460
1,630
4,344
535
2,570
1,239
8,176
2,964
3,197
2,015
4,726
2,490
1,139
1,098
1,796
28, 344
3,100
36, 477
3,322
39,100
3,621
42, 405
3,765
42, 755
4,118
48, 889
3,879
47, 264
3,557
44, 693
2,899
38, 404
2,749
38, 850
2,635
39, 259
2,259
34, 014
1,967
30, 789
6,802
119,233
225, 527
7,413
115,932
232,054
7,773
121, 029
241, 877
8,334
126, 387
246,119
8,777
134, 641
261, 530
8,921
139, 401
270, 967
9,054
141, 569
276,100
8,840
138, 675
272, 079
8,615
136, 512
268, 926
8,176
131,914
260, 555
7,809
128, 351
253, 703
8,047
8,761
10, 331
10, 719
11, 060
11, 632
13,000
13, 535
16, 753
17, 812
20, 459
21, 255
17, 798
18, 765
14, 662
15, 820
12, 423
13, 553
11, 851
13,122
10, 208
11, 588
10,005
11,810
8,542
9, 314
34, 754
37,140
33, 226
34, 715
35, 292
36, 768
37, 648
39, 300
37, 384
38, 972
37, 714
39, 452
39, 548
40, 939
42, 778
44, 249
42, 328
43, 771
41, 520
42, 920
40, 464
41, 932
37, 742
39, 323
35, 928
38, 300
231
225
241
215
230
212
209
231
194
216
212
209
231
194
216
213
213
230
196
216
215
214
231
196
218
215
214
231
197
219
219
216
233
203
223
221
218
234
204
223
221
218
235
205
223
223
219
235
209
224
223
219
235
210
224
225
222
238
212
226
229
224
240
215
230
204.0
193.3
194.2
195.2
195.7
197.5
197.8
200.3
201.9
203.3
203.3
203.3
101.4
137.0
124.2
123.9
98.7
133.8
116.9
120.8
98.5
133.9
119.3
120.6
99.8
134.0
119.6
121.0
99.7
134.0
119.9
121.1
99.2
134.9
119.3
120.3
99.6
135.3
120.8
120.7
100.5
136.1
121.5
121.3
100.7
136.3
122.8
121.5
100.7
136.3
122.5
121.5
100.7
136.3
123.5
122.6
100.2
136.0
123.2
122.5
101.4
137.0
124.2
123.8
102.9
138.4
125.3
124.5
99.6
136.5
119.6
121.2
99.7
136.6
122.8
121.2
101.7
136.6
123.0
121.3
101.7
136.6
123.2
121.4
101.3
136.9
122.7
120.8
101.6
137.1
123.8
121.1
102.2
137.7
124.3
121.5
102.4
137.9
124.7
121.7
102.4
137.9
124.6
121.7
102.4
137.9
126.2
123.4
102.1
137.7
126.0
123.4
102.9
138.4
125.3
124.4
102.5
136.2
127.1
124.3
99.4
133.2
117.2
121.1
99.2
133.4
121.2
121.6
100.8
133.7
122.1
122.1
100.7
133.7
122.3
122.2
140.3
134.3
121.9
121.5
100.9
134.8
127.3
122.0
101.8
135.5
128.0
122.6
102.0
135.7
128.7
122.8
102.1
135.8
128.4
122.8
102.1
135.8
128.8
123.2
101.3
135.3
128.3
123.1
102.5
136.2
127.1
124.1
99.9
137.9
120.0
122.1
97.7
130.7
112.5
118.6
96.3
131.3
114.3
116.2
95.6
132.1
114.5
118.0
95.2
132.1
114.6
117.8
94.6
133.6
115.0
116.8
97.0
135.9
117.3
118.3
99.3
137.5
118.9
120.0
99.5
137.7
120.4
120.3
100.0
138.0
119.0
120.3
100.0
138.0
119.5
120.8
97.1
136.1
117.6
120.4
137.9
120.0
121.4
98.5
139.4
117.7
121.7
97.5
130.3
109.1
117.7
95.2
131.0
110.5
114.7
93.7
131.9
110.9
117.0
93.1
131.9
111.0
116.6
92.1
134.2
110.4
115.5
95.2
137.1
113.3
117.3
98.1
139.1
115.3
119.5
98.3
139.3
117.6
119.9
98.8
139.7
115.8
119.9
98.8
139.7
117.4
120.3
95.1
137.2
114.9
119.8
98.5
139.4
117.7
120.8
269.7
250.7
252.4
255.6
256.8
258.2
260.4
263.1
264.5
266.1
266.2
267.6
269.4
121.2
119.3
125.0
110.2
107.8
115.1
110.4
108.0
115.3
111.2
108.7
116.1
111.6
108.8
117.0
112.4
109.2
118.6
113.6.
110.7
119.3
115.1
112.6
120.0
116.5
114.4
120.7
118.5
116.0
123.3
119.2
116.9
123.9
119.9
117.7
124.2
120.6
118.6
124.5
7,417 £7,044
121, 384 117, 669
239, 336 228, 623
C O N S T R U C T I O N COST I N D E X E S
Aberthaw (industrial building)
1914=100American Appraisal Co.:f
Average, 30 cities
1913 = 100Atlanta
do_-_
N e w York
do_-_
San Francisco
do.__
St. Louis
do-_Associated General Contractors (all types)
1913=100.
E . H . Boeckh and Associates, ine.:§
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U . S. av., 1926-29=100N e w York
do.__
San Francisco
do...
St. Louis
do___
Commercial and factory buildings:
Brick and concrete:
Atlanta
do___
N e w York
:
do_. _
San Francisco
do _ _ _
St. Louis
do__.
Brick and steel:
Atlanta
do
N e w York
do
San Francisco
do
St. Louis
do
Residences:
Brick:
Atlanta
do
New York
do._San Francisco
do
St. Louis
do
Frame:
Atlanta
do
N e w York
do
San Francisco
do
St. Louis
do
Engineering News Record (all types) §
1913=100 _
Federal H o m e Loan Bank Board:f
Standard 6-room frame house:
Combined index
1935-1939 = 100.
Materials
do
Labor
do
197
211
207
195.0
215
REAL ESTATE
Fed. Hous. A d m n . , home mortgage insurance:^
Gross mortgages accepted for insurance
thous. of d o L . 104,566
Premium-paying mortgages (cumulative)
thous. of doL.._ ,769,496
E s t i m a t e d new mortgage loans b y all savings
and loan associations, total---thous. of doL- 76, 756
Classified according to purpose:
Mortgage loans on homes:
Construction
do
20, 799
H o m e purchase
do
33,769
Refinancing
do
12, 325
Repairs and reconditioning
do
3,138
Loans for all other purposes
do
6,725
Classified according to type of association:
Federal
thous. of dol.__ 31,919
State members
do
33, 939
Nonmembers
do
10, 898
52,116
75, 516
92, 406
119, 566
122, 963
114, 247
107,137
104, 937
94, 948
70, 799
75, 435
66,952
846,467
,908,104
,968,407
033,684
108,723
190,690
261,476
335,703
423,183
503.681
596,491
,690,214
82, 330
105,162
120, 631
130,953
133, 640
132, 972
129, 727
129, 934
127, 938
104, 749
100, 208
79, 533
26, 483
30, 283
14, 204
3,573
7,787
33, 250
41, 784
16, 903
4,765
8,460
38, 686
48, 311
16, 905
6,368
10, 361
40, 975
54, 781
18, 506
5,930
10, 761
44, 207
55. 993
Hi 891
5, 633
9,916
44, 918
55, 682
16, 816
6,022
9,534
42, 987
55, 973
15, 785
5,571
9,411
40, 782
58, 052
15, 871
5, 884
9,345
37, 722
59, 874
16,283
5,361
8,698
30.103
48, 816
13, 340
4,267
8,223
30, 290
43,145
14,424
4,170
8,179
22, 791
34,127
12,854
3,190
6, 571
35, 645
35, 301
11, 384
45, 365
43, 947
15, 850
51,371
50. 956
18,304
55, 396
54,495
21, 062
57, 542
54, 857
21, 241
56, 564
55, 676
20, 732
57, 592
54,542
17, 593
54, 786
54, 303
20, 845
52, 507
54. 930
20, 501
41,910
46, 890
15, 949
41,182
43, 960
15, 066
31,142
35, 312
13,079
' Revised.
§Beginning with the September 1940 issue of the Survey, indexes computed as of the first of the month are shown as of the end of the preceding month. The Engineering
News Record index is similarly shown in the 1940 Supplement as of the end of the preceding month.
^Figures include mortgages insured under the defense housing insurance fund beginning April 1941 for gross mortgages accepted for insurance and beginning June 1941 for
premium-paying mortgages.
*New series. Earlier data for concrete pavement contract awards for airports and for the total revised to include airports, not shown in the Survey beginning with the
March 1941 issue, will appear in a subsequent issue.
fRevised series. Revised indexes of the American Appraisal Company beginning 1913 are available in table 44, p. 13 of the November 1940 Survey. For re
concrete awards, see note marked with an "*."
S-6
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
CONSTRUCTION AND REAL. ESTATE—Continued
REAL ESTATE—Continued
Loans outstanding of agencies under the Federal Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of doL. 1,829,798 1,578,543 1,600,482 1,628,421 1,657,647 1,688,297 1,717,507 1,750,934 1,775,284 1,802,632 11,816,357 1,825,108 1,825,133
Fed. Home Loan Bks., outstanding advances
to member institutions
thous. of dol__ 197,432 156, 899 145,959 141, 828 145, 273 169,897 168,145 172, 628 178,191 184,311 187, 084 219,446 206, 068
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of doL _ _ 1,742,116 1,929,346 1,913,862 1,899,856 1,885,087 1,870,305 1,854,824 1,840,686 1,824,672 1,809,074 1,794,111 1,777,110 1,758,213
Foreclosures, nonfarm:f
42.1
42.5
41.1
33.5
30.9
38.3
36.7
37.3
32.9
34.2
31.9
32.4
Index, adjusted
...1935-39=100-..
'32.1
30, 833
23, 822
Fire losses
..thous. of doL_ 30,819
31, 261
26,102
31,471
29,330
25, 637
24,943 23, 698
24,122
24, 668
35, 565
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:§
Combined index
1928-32=100...
Farm papers
do
Magazines
do—
Newspapers
do
Outdoor
...do
Radio advertising:
Cost of facilities, total
thous. of doL.
Automobiles and accessories.
-do
Clothing
.do....
Financial
do
Foods, food beverages, confections
do
House furnishings, etc
do
Soap, cleansers, etc
do
Smoking materials
do
Toilet goods, medical supplies
do
Allother
do
Magazine advertising:
Cost, total
do....
Automobiles and accessories
do
Clothing
do
Electric household equipment
do
Financial
do
Foods, food beverages, confections
do
House furnishings, etc
do
Soap, cleansers, etc
do
Office furnishings and supplies
do
Smoking materials
do
Toilet goods, medical supplies
do...
Allother
do._Linage, total
.
thous. of lines.
Newspaper advertising:
Linage, total (52 cities)
.do
Classified
do
Display, total
do
Automotive
do
Financial
do
General
do
Retail..
...do...
49.3
72.7
59.4
80.9
80.5
89.3
87.7
61.3
83.7
80.0
104.5
89.0
68.8
84.1
83.2
83.5
91.0
63.3
83.6
85.0
90.7
87.8
64.5
82.1
80.7
84.5
88.6
56.9
91.6
78.5
92.5
90.5
68.3
86.5
81.9
90.7
61.8
85.0
81.4
110.0
89.1
67.7
86.3
82.1
85.5
89.5
63.2
92.0
83.2
70.3
99.4
67.4
92.8
91.3
112.3
9,382
713
84
41
2,845
73
998
1,215
2,846
567
8,146
698
60
92
2,290
46
915
1,263
2, 355
427
9,031
807
62
99
2,623
58
1,040
1,336
2,488
518
8,675
632
53
99
2,525
47
1,045
1,347
2, 589
338
8,601
655
70
100
2,600
45
994
1,383
2,444
311
8,429
7,964
637
46
76
2,137
55
1,009
1,302
2, 434
270
8,117
99
2,531
55
957
1,284
2,449
352
8,235
672
31
99
2,220
44
1,092
1,315
2,507
256
9,679
771
59
39
2,730
72
1,060
1,321
3,151
476
9,723
834
73
51
2,752
91
991
1,250
3,078
605
10,412
948
61
41
2,936
72
1,157
1,351
3,218
627
13,055
641
660
227
386
2,651
418
515
240
674
2,667
3,976
2,130
12, 520
1,584
592
245
380
2,198
433
435
219
702
2,139
3,592
2,319
17,911
2.542
1,212
694
551
2,763
844
568
304
973
2,472
4,989
2,920
17,978
2,816
1,126
832
449
2, 444
1,096
548
235
795
2,507
5,130
2,686
18, 738
3,086
1,166
849
454
2,410
1,403
567
301
943
2,340
5,219
2,515
15, 427
2,267
803
612
380
2,292
893
397
198
863
2,456
4,267
1,890
10, 823
1,416
222
315
277
2,109
320
275
122
763
2,033
2,972
1.716
87, 944
18,192
69, 752
1,560
1,339
14, 662
52,191
93, 963 114,377 119,230
20, 690 24, 712 24,911
73, 272 89, 665 94, 318
5,250
5,907
6.906
1,432
1,841
1,976
14,806
17,228
17, 625
51, 784 64,689
67, 811
122, 443 108,432
25, 624 24, 294
96, 818 84,138
6,939
4,918
1,743
1,664
18,314
16, 362
69, 822 61,193
88,828
22, 378
66,451
3,108
1,889
13,094
48, 360
63
2,220
43
999
1,252
2,592
250
80.5
51.5
72.3
51.5
10, 285
'818
87
41
r
3,102
80
1,118
1,356
3,094
590
14, 643 17, 885 18, 235 15, 928 < 10, 488
•
1,254
2,118
2,145
1,116
659
1,337
1,389
1,029
383
880
276
436
430
103
476
412
376
482
345
355
2,133
2,893
3, 010
2,555
1,937
1,214
829
996
756
318
455
333
503
331
242
291
374
329
177
359
782
705
733
699
870
2,939
1,853
3.053
2,679
2,435
4,994
5,343
5,744 ' 3. 738
4, 576
2,534
2,682
1,937
1,940
2.514
95. 707 107,160 123, 815 120, 624 125,484 89, 341
23, 306 21, 745 22,010 21,008 20, 534 19,064
72,401
85,415 101, 805 99, 615 104,950 70, 277
3,034
5,607
4,841
3,291
1,320
2,980
1, 551
1,515
1,702
2,204
1,337
1,534
20,002
17, 047 13,076
11, 692 15, 343 19,993
56, 338 65, 558 74, 654 73, 258 82,910 53, 677
11, 279
1,346
675
196
278
2,110
286
331
241
606
2,009
3,202
2,066
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
percent of total.
76.6
76.2
78.1
79.0
80.2
1,712
1,872
1,804
1,732
1,500
79.9
79.5
80.6
81.7
1,638
1,343
1,332
1,412
1,229
1,414
1,353
Air mail: Pound-mile performance...millions
2,018
1,813
2,213
2,062
2,106
2,083
Money orders:
Domestic, issued (50 cities):
5,317
5,553
Number
thousands..
4,702
4.794
4,496
4,821
4, 845
59, 823 43,005 53, 309 46, 535 46, 898 47, 001 47, 643
Value
thous. of dol
Domestic, paid (50 cities):
Number
thousands.. 14, 525 13, 530 16,096
14, 802 14, 516 14, 833
15,054
Value
.
thous. of dol._ 138, 264 104, 754 128, 510 118,156 116, 544 116, 275 122, 895
Keceipts, postal:
30, 534 30, 536 34, 036 34, 486 33, 722 31, 202 30, 637
50 selected cities
.do.
3,919
50 industrial cities
do.
4,159
3,779
3,961
3,824
4,193
3,887
RETAIL TRADE
2,255
2,217
2,366
4,636
47, 573
4,932
50, 413
5,207
53,186
4,931
50, 334
5,826
57, 537
5,743
58, 379
14, 567
122, 493
14, 795
128,836
17,084
149,199
30, 442
3,712
33,087
3,948
36,948
4,424
33, 805
3,821
48, 802
6,161
32, 567
4,152
* 4, 480
1,062
3,418
' 4, 675
1,128
3,547
' 4, 534
1,067
3,466
5,473
1,237
4,236
••4,211
767
3,444
393
445
360
158
383
1,052
322
706
202
458
387
528
366
156
393
1,125
318
724
200
479
388
518
312
159
384
1,090
289
735
194
465
557
522
331
211
409
1,218
290
1,106
261
568
376
295
266
163
381
1,216
274
613
170
457
83.4
NEW INCORPORATIONS
Business incorporations (4 States)
number..
POSTAL BUSINESS
3,715
Ail retail stores, total sales *
mil. of dol__
' 3, 538 r 4, 214 r 4, 626 r 4, 930 f 4, 606 r 4,509 r 4, 638
665
Durable goods stores *
do
1,254
1,383
1,008
1,590
1,484
1,441
1,258
3,051
Nondurable goods stores *
do
2,960
2,530
3,126
3,341
3,121
3,185
3,380
By kinds of business: *
290
Apparel
do
219
296
365
348
253
334
300
213
Automotive
do
635
810
893
972
804
617
891
247
Building materials and hardware
do
200
247
314
343
346
353
339
154
133
144
Drug
do
144
155
155
159
149
364
309
344
Eating and drinking
do
341
356
355
383
344
1,090
875
975
Food stores
do
984
1,053
1,050
1,063
997
237
212
249
Filling stations
do
276
314
342
349
311
542
449
552
636
654
549
661
General merchandise
do
601
171
146
168
201
232
197
245
House furnishings
do
203
408
359
429
473
504
459
473
Other retail stores
do
471
r
Revised.
v Preliminary.
§ Includes data for radio advertising not available separately since November 1940.
f Revised series. Data beginning 1926 are shown on p. 26 of the October 1941 Survey.
*New series. For data on sales of all retail stores, beginning 1935, see table 5, p. 24 of the October 1941 Survey, Earlier
nondurable goods stores, and of the groups under retail stores will appear in a subsequent issue.
15, 464 17, 557 15, 707
134, 759 149, 204 135, 685
data for dollar sales of durable goods stores,
S-7
SUKVEY OF CUEKENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
May
June
July
1943
August
September
October
Novem- December
ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores, indexes of sales: *
Unadjusted, combined index...1935-39=100..
Durable goods stores
do
Nondurable goods stores
do.
Adjusted, combined index
do.
Durable goods stores..
do.
Nondurable goods stores
do.
By kinds of business, adjusted:*
Apparel
do.
Automotive
do_
Building materials and hardware
do
Drug
do.
Eating and drinking
do.
Food stores
do.
Filling stations
do
General merchandise
do
House furnishings
___do
Other retail stores
do
Automobiles, value of new passenger-car sales:f
Unadjusted
1935-39=100..
Adjusted
do
Chain-store sales, indexes:
Chain-store Age, combined index (20 chains)
average same month 1929-31=100. .
Apparel chains
do
Drug chain-store sales:*
Unadjusted
1935-39=100_.
Adjusted
do
Grocery chain-store sales:
Unadjusted
1929-31=100-.
Adjusted
do
Variety-store sales, combined sales, 7 chains:!
Unadjusted
1935-39=100-.
Ad justed
do
Chain-store sales and stores operated:
Variety chains:
S. S. Kresge Co.:
Sales
thous. of doL_
Stores operated
number- _
S. H . Kress & Co.:
Sales
thous. of doLStores operated
number- _
McCrory Stores Corp.:
Sales
thous. of dol__
Stores operated
number, G. C. M u r p h y Co.:
Sales
thous. of dol__
Stores operated
number- F . W. Woolworth Co.:
Sales
thous. of dol..
Stores operated
_.number..
Other chains:
W. T . Grant Co.:
Sales
thous. of dol._
Stores operated
number- _
J. C. Penney Co.:
Sales
thous. of doLStores operated
number. _
Department stores:
Collections and accounts receivable:
Installment accounts:
Index of receivables*_Dec. 31, 1939=100-Collection ratio
percent_.
Open accounts:
Index of receivables*_Dec. 31, 1939=100..
Collection ratio
percent - _
Sales, total U. S., unadjusted...1923-25=100._
Atlantaf
1935-39 = 100.Boston
1923-25 = 100 Chicago!
1935-39 = 100-.
Cleveiand
1923-25 = 100-.
Dallas
do
Kansas City
1925 = 100-Minneapolisf
1935-39 = 100 _
New York
1923-25 = 100 Philadelphia!
1935-39=100-.
Richmond*
do ___
St. Louis
1923-25 = 100
San Franciscof
1935-39 = 100.Sales, total U. S., adjustedf
1923-25=100 Atlanta!
1935-39 = 100-.
Chicagof
do
Cleveland
1923-25=100-Dallas
.
do
Minneapolis!
1935-39=100
New York
1923-25=100
Philadelphia!
1935-39=100
Richmond*
do St. Louis
1923-25=100
San Francisco!
1935-39=100-Installmcnt sales, New England dept. stores
percent of total sales._
' Revised,
' 136.6
172.1
' 125.1
' 144. 7
169.5
' 137. 0
'141.0
155.6
' 136.3
' 150.5
163.5
' 146. 3
' 140.9
137.2
' 142.1
' 136.4
137.8
' 135.9
' 139. 3
137.7
' 139.8
' 132.3
128.4
' 133. 6
' 145.8
139.6
' 147. 8
' 140.1
134.1
' 142.0
166.0
153.9
169.9
' 136.3
' 135.4
' 136.6
126.8
94.7
137.2
' 146. 7
' 116.5
156.5
125.7
172.9
152.7
127.6
136.7
129.7
135.5
122.7
149.9
149.1
136.8
173.4
161.4
132.3
141.4
130.2
152.5
130.8
165.9
153 6
165.6
154.8
164.9
137.5
146.6
139.0
144.1
147.0
181.2
156.6
140.8
116.3
161.0
134.0
147.5
132.3
143.4
131.0
149.0
145.4
123.3
112.4
155.3
131.0
145.6
136.2
144.7
120.2
135.2
142.6
145.9
116.4
156.6
139.2
148.7
143.4
142.5
132.9
149.7
148.8
132.1
'119.2
164.0
135.8
147.8
140.8
141.0
123.5
138.6
141.7
176.9
67.4
178.1
141.7
152.8
155.3
158.7
148.5
168.2
165.0
246
210
214
182
169
196
91
104
57
57
100
93
114
128
104
162
' 148. 6 ' 146.0
196.7
190.3
' 133.0 ' 131.7
' 142. 5 ' 139. 0
163.9
174.8
' 132.0 ' 130.9
123.9
90.3
134.8
140.2
109.5
150.1
118.1
137.6
111.8
136.6
173.7
124.6
' 128.1
155.1
' 119. 4
' 135.5
167.6
' 125.1
' 143.0
182.9
' 130.1
' 137.1
166.2
'127.7
157.9
53.7
178.7
140. 2
157.2
150.4
151.2
139.9
160.7
161.4
119.2
198.4
144.3
121.3
133.6
120.7
135.5
116.0
142.6
142.1
122.6
191.2
134.4
122.5
131.8
125.5
128.2
115.1
144.0
138.4
128.2
181.3
147.4
124.3
134.1
123.3
135.7
119.5
145.9
145.7
133.6
197.6
142.7
128.9
138.5
127.7
141.2
122.9
151.5
150.0
178
209
215
185
235
189
165. 0
178.0
" 128. 0
133.0
128.5
144.0
132.0
148.0
132.0
145.0
133.0
136.3
141.0
159.0
151.0
184.0
147.0
164.0
146.0
153.0
151.0
162.0
157.0
178.0
164.0
188.0
108.8
116.4
100.4
107.4
109.2
109.7
107.7
111.4
112.2
116.0
109.7
116.1
109.9
115.3
113.9
119.9
113.5
118.2
111.6
110.0
116.9
116.4
' 164. 9
' 121.3
120.7
126.0
161.6
160.8
123.4
122.8
127.4
126.1
130.2
126.4
130.8
128.9
135.5
133.5
133.7
136.4
136.8
142.5
137.8
140.7
145.8
145.1
148.0
148.0
156.6
152.1
162.1
167.1
p 108.1
v 136.1
92.1
116.2
94.8
113.2
116.1
116.4
110.2
114.0
111.3
116.8
111.9
122.2
113.1
128.9
120.4
125.3
122.0
123.9
130.7
127.0
249.6
113.9
97.0
132.3
11, 750
671
10,150
676
11, 507
675
13,314
673
13,443
673
12,127
672
12,016
672
13,366
671
12,809
671
14,102
671
14,832
674
27, 515
675
11,854
673
7,203
242
6,222
242
7,156
242
8,062
242
7,958
242
7,724
242
7,582
242
8,022
242
8,483
242
8,427
242
8,458
242
17, 376
242
7,274
242
3,739
203
3,224
199
3,691
199
4,241
199
4,101
200
3,923
200
3,948
201
4,320
201
4,164
201
4,422
201
4,655
201
4,469
206
3,531
204
4,021
204
4,949
204
5,302
204
4,931
204
4,971
204
5,379
204
4,870
204
5,575
204
5,608
205
10,898
207
4,804
206
27,466
2,019
23,666
2,023
26,436
2,020
29,494
2,015
29, 778
2,020
27, 653
2,018
28,398
2,018
30, 713
2,019
30,097
2,018
32, 614
2,025
33, 776
2,024
62,498
2,024
28,345
2,021
8,417
496
' 6,771
494
8,439
492
9,805
493
10, 576
493
9,537
493
8,731
493
10, 069
493
10, 063
493
11,863
493
12,170
494
23, 532
495
8,983
496
25,407
1,607
18, 328
1,587
22, 772
1,589
27, 555
1,591
29,383
1,591
28, 390
1,593
26,143
1,593
32, 385
1,596
33,645
1,598
38, 718
1,603
40,416
1,605
59, 513
' 1, 605
30, 589
1,606
101.2
17.5
99.4
19.2
103.3
19.0
102.6
17.7
101.2
17.6
110.4
19.3
110.4
19.2
116.4
'20.1
74.5
46.3
93
125
74
109
95
112
95
108
84
106
125
97
116
103
125
116
108
118
109
98
118
135
107
130
81.1
47.7
105
136
89
125
111
124
100
122
95
124
148
105
129
105
138
124
103
124
124
99
126
142
105
134
79.4
46.2
100
114
82
119
105
110
85
114
98
116
126
92
126
104
134
123
107
123
115
102
121
138
100
136
71.0
46.1
79
102
63
92
85
93
79
93
81
89
109
82
120
115
148
131
117
132
131
114
135
154
119
144
107.6
18.8
78.0
45.0
106
144
82
122
120
128
106
127
100
115
140
106
154
134
163
154
145
166
145
134
155
185
141
110.5
18.9
74.9
44.6
82
110
63
94
84
'91
r 77
79
79
90
91
81
103
103
127
112
107
'107
111
97
'121
132
94
131
101.7
18.8
80.1
46.1
106
137
86
120
115
117
93
122
100
126
143
111
128
104
141
118
105
118
119
103
133
137
105
132
90.6
45.1
125
158
100
151
130
151
114
142
125
134
154
128
156
116
146
137
124
136
124
120
125
151
120
149
92.5
46.9
112
138
98
123
109
127
106
140
112
136
165
119
145
105
125
117
105
113
117
98
119
134
106
138
'93.5
48.6
133
169
103
146
136
150
106
123
130
168
168
133
158
116
154
133
127
134
123
109
132
160
114
151
118.0
46.3
197
245
165
213
197
222
183
198
194
238
265
190
235
111
140
126
115
128
127
107
127
142
115
138
12.7
11.7
10.7
10.8
9.5
11.8
12.0
10.8
99
122
74
113
103
108
85
94
116
114
101
126
141
135
130
127
157
165
117
11.4
3,819
202
6.3
20.2
50.3
108
'123
99
'121
112
122
100
122
104
'115
128
110
138
'159
'154
149
161
152
132
'161
182
138
10.5
p Preliminary.
! Revised series. Revised indexes of variety store sales beginning 1929 appear in table 30, p. 10 of the August 1940 Survey. For revised data on value of new passenger-car
sales beginning 1929, see p. 20 of the August 1941 Survey, and for an explanation of the revision, pp. 18 and 19 of that issue. Seasonal factors have been revised beginning
August 1941 to take into account the effect of restricted production. Indexes of department-store sales in Atlanta, Minneapolis, and San Francisco districts revised beginning
1919, and Chicago and Philadelphia beginning 1923; for Atlanta, see table 53, p. 16, of the December 1940 Survey; for Minneapolis, table 20, p. 18 of the May 1941 Survey;
revised Chicago, Philadelphia, and San Francisco data will appear in a subsequent issue. For revisions in adjusted index of United States department-store sales for 1935-39,
see note marked with a " t " on p. 25 of the January 1941 Survey.
*New series. For earlier data beginning 1935 for indexes of sales of retail stores, see table 5, p. 24 of the October 1941 Survey. For data on drug-store sales beginning July
1934, see table 1, p. 11 of the November 1940 Survey. Indexes of department store receivables beginning January 1940 are available on p. S-7 of the September 1941 Survey.
Data beginning 1923 for the new indexes of department-store sales for the Richmond district will appear in a subsequent issue.
S-8
SURVEY OF CURRENT BUSINESS
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
April 1942
1941
1942
February
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
Stocks, total U. S., end of month:
Unadjusted
1923-25=100.Adjusted
do
Other stores, installment accounts and collections:*
Installment accounts outstanding, end of mo:
Furniture stores
Dec. 31, 1939=100..
Household appliance stores
do.
Jewelry stores
do
Ratio of collections to accounts at beginning
of month:
Furniture stores
percent Household appliance stores
do.-_
Jewelry stores
do - _ Mail-order and store sales:
Total sales, 2 companies
thous. of dol - Montgomery Ward & Co
do
Sears Roebuck & Co
do
Rural sales of general merchandise:
Total U. S., unadjusted
1929-31=100..
East
do.
South
doMiddle West
do.
Far West
do.
Total U. S., adjusted
do.
East
do.
South
do.
Middle West
do.
Far West
do.
108
97
' 103
110
95
83
93
101.6
99.8
102.6
101.9
100.6
96.4
101.3
100.7
92.5
104.0
106.5
92.0
107.4
112.5
93.4
108.6
116.2
94.2
108.5
118.2
93.3
112.5
121.7
94.2
111.2
120.4
110.0
117.1
95.7
108.9
112.5
98.4
110.0
110.1
122.9
104.9
103.3
110.9
11.4
11.4
17.8
9.9
9.4
14.9
11.0
10.2
16.3
10.7
10.3
15.5
11.4
10.7
16.8
10.8
10.4
16.7
11.0
10.2
16.3
11.7
10.4
17.4
11.2
10.8
17.8
11.8
11.2
17.7
11.5
10.8
18.4
11.4
11.7
23.2
12.0
11.4
18.9
99,640
37, 969
61, 671
83, 832
33, 841
49, 992
110,866
44,485
66, 381
133, 787
58, 068
75, 719
167.9
122.0
128.0
161.8
110.3
111.1
150.8
156.5
177.4
138.7
150.1
130.7
138.5
160.5
117.7
138.4
148.9
154.2
177.8
132.8
168.1
151.7
163.4
176.6
139.7
146.7
165.1
171.4
200.5
149.6
164.3
145, 359 131,439 121,175 145, 519 145, 495 164, 394 152, 308 204,339 111,481
60, 520 52, 872 48, 305 57, 803 59, 780 68,138
63, 345 85, 269 41, 854
84,839
78, 568 72, 870 87, 716 85, 714 96, 256 88, 963 119, 069 69, 627
148. 5
158.2
167. 0
144.3
132. 9
161. 8
172.0
196. 9
152.4
147.9
148.7
163.2
163.3
143.4
143.6
163.2
177.7
203.1
151. 9
150.7
129.7
151.1
134.1
120.9
131.6
177.7
212.2
197.5
163.9
160.5
170.7
186.0
183.9
153.3
194.7
208.7
233.3
255.0
185.8
211.4
216.4
221.8
299.9
187.7
223.0
166.6
172.3
202.4
147.8
185.7
243.2
269.1
330.3
209.6
235.7
186.9
208.8
240.6
159.9
194.3
• 40,710 40,783
40,756
1
• 34, 893 • 33, 728
12, 739 • 12, 598
908
'876
1,874 ' 1, 658
3,296 ' 3, 255
' 7, 511 ' 6, 757
4,227 ' 4,180
4,387 ' 4, 404
0)
0)
183.8
181.9
239.8
158.8
221.2
173.9
185.1
217.2
154.9
189.1
287.9
320.3
341.1
254.9
319.9
180.1
192.4
227.1
163.4
196.0
'151.5
162.8
173.5
136.6
166.6
199.0
214.2
219.3
178.5
226.7
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment estimates, unadjusted (U. S. Department of Labor):*
Civil nonagricultural employment, total
thousands. .
Employees in nonagricultural establishments, total
thousands. _
Manufacturing
do
Mining
do
Construction
do
Transportation and public utilities do
Trade
do
Financial, service, and misc
do
Government
do
Military and naval forces
do
Employment estimates, adjusted (Fed. Res.):*
Civil_nonagricultural employment, total
thousands..
Employees in nonagricultural establishments, total
thousands..
M anufactur ing
do _
Mining
do_
C onstr uction
do _
Transportation and public utilities.do
Trade
do...
Manufacturing, unadjusted (U. S. Department
of Labor)f
1923-25 = 100..
Durable goodst
do _ _.
Iron and steel and their products, not including machinery
1923-25 = 100.
Blast furnaces, steel works, and rolling
mills
1923-25 = 100.
Hardware
do. _.
Structural and ornamental metal work
1923-25 = 100._
Tin cans and other tinware
do.
Lumber and allied products
do.
Furniture
do _
Lumber, sawmills
do
Machinery, excl. transp. equipment, do __
Agricultural implements (including tractors)
1923-25 = 100 _
Electrical machinery, apparatus, and
supplies
1923-25 = 100.
Engines, turbines, water wheels, and
windmills
1923-25 = 100.
Foundry and machine-shop products, do
Machine tools*
do...
Radios and phonographs
do. _ _
Metals, nonferrous, and products
do...
Brass, bronze, and copper products d o . . .
Stone, clay, and glass products
do...
Brick, tile, and terra cotta
do...
Glass
do...
Transportation equipment!
do.__
Aircraft*
do...
Automobiles
do...
Shipbuilding*
do_
41, 036 • 39, 871
39, 842
37,448
37,761
38,228
38,902
39,475
39,908
40,292
33, 699
12, 641
859
1,632
3,246
6,692
4,180
4,449
0)
31,305
11, 273
854
1,678
3,028
6,491
4,075
3,906
1,145
31,618
11,457
864
1, 631
3,056
6,578
4,097
3,935
1,343
32,085
11,684
564
1,775
3,113
6,792
4,174
3,983
1,546
32,759
11, 886
869
1,782
3,185
6,753
4,235
4,049
1,662
33,332
12,154
876
1,816
3,239
6,861
4,260
4,126
1,740
33,765
12,391
888
1,895
3,290
6,837
4,300
4,164
1,857
34,149
12, 595
900
1,921
3,326
6,897
4,300
4,210
1,944
34,567
12,777
906
1,936
3,367
7,008
4,325
4,248
1.992
34,640
12, 805
915
1,960
3,365
7,070
4,256
4,269
2,014
34,613
12, 763
911
1,961
3,322
7,146
4,229
4,281
2,071
40, 754
38,314
38,263
38,329
38,824
39,296
39,903
40,100
40,013
40,191
40, 604
40,904
• 40, 896
34, 611
12, 743
851
2,073
3,310
6,869
32,171
11,335
846
2,132
3,087
6,662
32,120
11,413
855
1,933
3,105
6,677
32,186
11,636
572
1,859
3,133
6,803
32, 681
11,886
877
1, 698
3,192
6,781
33,153
12, 221
889
1,644
3,220
6,865
33,760
12, 605
914
1,668
3,264
6,944
33,957
12, 614
923
1,666
3.302
7,027
33, 870
12, 545
908
1,683
3,303
6,9o8
34,048
12, 598
892
1,776
3.292
6,989
34,461
12. 73b
892
1,924
3,310
7,043
34, 761
12, 788
892
2,156
' 3, 322
' 7,017
' 34, 753
• 12, 854
' 873
' 2, 061
' 3, 325
' 6, 907
132.9
143.6
117.8
121.0
119.9
123.7
122.6
127.7
124.9
131.3
127.9
135.1
130.6
137.6
133.1
138.7
135.2
142.1
135.4
144.0
134.8
144.6
134.3
144.3
r 132. 4
' 143.4
136.4
125.0
127.2
129.4
132. 9
136.1
137.7
139.9
140.5
139.4 j
149.3
103.3
133.3
114.9
135.0
117.1
137.4
116.6
140.6
116.7
144.0
118.3
147.2
103.8
149.1
113.2
148.9
116.0
147.9
115.2
147.8
113.4
148.6
113.8
' 148. 7
106.3
130.3
73.6
101.1
63.5
189.5
95,9
104.1
72.0
95.8
62.9
' 143. 4
97.2
107.1
72.6
96.7
63.7
147.7
99.1
109.5
73.8
97.6
65. 2
156. 2
102.3
120.5
74.7
100.1
65. 7
162. 5
105.5
132.0
76.8
103.8
67.1
167.7
107.4
138.8
79.5
105. 6
70.0
172.3
110.0
145. 3
81.0
108.4
70.7
176.5
109.5
145.0
80.4
107.6
70.4
178.6
109.3
130.1
79.8
107.4
69. 5
180. 1
' 107. 5
135.0
77.9
108.4
66.4
181.4
165.7
144.2
132.6
168. 5
170.7
171.8
171.4
172.0
170.7
169.9
167.5
0)
136. 4
141.5
147.3
154.0
158.8
163.8
167. 4
168.7
168.8
169.4
(0
236.3
120.0
297.2
144.8
134.7
176.0
86.9
64.1
115.8
157.2
5, 344. 0
130.1
256. 6
247.6
123.6
307.1
149.1
137.0
180. 5
89.7
65.4
119.5
161.2
5, 563. 7
131.5
272.4
257. 2
130.0
316.7
158.5
138.7
182. 6
93.0
69.2
121.8
166.3
5, 929. 2
132.4
295. 8
271.5
134.9
327.4
173.7
139.9
184. 3
95.6
72.7
124.0
171.7
6, 305.1
134.1
310.7
285. 5
139.1
338.5
180.7
141. 9
189.3
97.1
74.7
125.5
177.8
6, 718.1
134.8
338.6
298.3
142.6
346.0
188.7
143.1
189.7
99.6
77.6
127.9
179.0
7, 231. 3
126.9
375.3
314.7
145.6
351. 5
202.4
145.5
192.9
101.3
79.4
130.0
172.0
7, 897. 3
110.9
388.3
325.0
147.0
356.8
212.5
146.4
193.5
101.8
79.1
130.3
190.9
8, 515. 7
124.1
442.5
339.5
147.8
361.5
217.9
147.4
193.4
102.0
77.7
132.4
203.2
174.8
128.9
494.6
352. 5
148.8
366.9
217.6
' 146.1
191.3
101.5
76.2
133.1
210.4
9,701.5
129.7
532.2
154.4
0)
204.3
145. 4
0)
93.1
66.1
125. 8
206. 8
0)
79.8
0)
138.8
137.0
' 110. 1
' 106. 0
134.4 ' 105. 7
76.6 ' 136. 6
-74.0
106.8
65.3 ! ' 101.8
' 183. 5 I ' 6 3 . 6
' 185. 2
167.2
r
164.1
0)
0)
150.4
0)
0)
' 152. 1
219. 1
0)
' 145. 7 r 210. 9
0)
144.3
99.7
0)
74.3
'95.1
132.0
' 208. 6 ' 68. 7
' 127. 7
0)
' 209.9
116. 2
0)
' 100. 2
0)
' Revised.
i Included in total and group indexes, but not available for publication separately.
0)
fRevised series. For revised indexes, beginning in 1937 for all industries and January 1938 for durable goods, see table 12, p. 18 of the March 1941 Survey. Index for
transportation equipment revised beginning January 1939: see table 57, p. 17 of the December 1940 Survey.
*New series. Indexes of installment accounts and collection ratios for furniture, household appliance, and jewelry stores beginning January 1940 will be shown in a subsequent issue. Data for mining, construction, transportation and public utilities, Government, and military and naval forces are correct as published in table 11, on pp. 17
and 18 of the March 1941 Survey. Estimates of total civil nonagricultural employment, employees in nonagricultural establishments, manufacturing, and service industries
(included in the miscellaneous group) have been revised beginning January 1929 and trade beginning January 1935, to adjust monthly estimates to the 1939 Census levels of
employees in manufacturing concerns engaged in clerical, distribution, or construction activities, and retail trade employment, and to figures shown by the 1930 Census of
Occupations; the revised data will be published later. Adjusted estimates of employment beginning January 1929 will be shown in a subsequent issue. For indexes beginning
1923 for machine tools and shipbuilding, and index for 1931 through 1938 for aircraft, see tables 39 and 40, pp. 15 and 16 of the October 1940 Survey; for aircraft indexes (revised)
for
1939, see table 57, p. 17 of the December 1940 Survey.
S-9
SURVEY OF CURRENT BUSINESS
April 1942
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
1941
1942
February
February
March
April
May
June
July
SepAugust tember
October
1943
Novem- Decem- Januber
ary
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Mfg., unadj. (U. S. Dept. of Labor)—Cont.f
Nondurable goodsf
1923-25=100-.
123.9
' 124.8 r 121.8
122.7
114.7
116.3
117.8
118.8
121.1
127.7
128.7
127.3
125.4
Chemical, petroleum, and coal products
128.5
135.4
136.8
148.6 ' 148. 4 ' 148. 5 ' 149.4
150.9
135.7
139.0
142.0
146.6
1923-25=100.131.6
r
155.1
166.8
172.2
184. 8 '185.8 r 185.9
187.8
162.4
175.9
180.1
182.4 ' 183. 6
Chemicals
do
159.3
128.6
141.4
144.8
143.9
142.2 ' 140. 9
141.6
137.4
145.5
144.8
143.9
142.6
Paints and varnishes
do
132.9
119.2
122.0
125.2
129.2 r 129.1 ' 129.2 r 129. 1
130.3
120.5
127.4
127.9
128.5
Petroleum refining
do
119.5
311.0
323.5
327.0
325.0
321.1 '315.9
312.5
317.9
324.4
329.3
327.0
322.9
Rayon and allied products
do
312.2
119.1
127.4
135.2
152.4 r 145.8 r 140. 8 ' 135. 2
132.8
123.6
144.8
159.3
162.7
Food and kindred products
do
120.3
142.9
149.0
152.2
154.5
149.6
146.5
150.2
152.7
153.5
153.7
Baking
do
145.0
151.5 ' 149.5
110.6
116.8
120.3
125.9 ' 129.9 r 138.1 '143.8
136.8
110.2
123.1
122 A
123.6
Slaughtering and meat packing
do
110.7
101.4
101.0
101.1
96.9
98.1
98.5
96.7
99.2
'98.8
Leather and its manufactures
do
98.0
95.5
98.9
98.7
95.0
94.9
98.1
94.7
92.3
95.2
'95.3
Boots and shoes
do
98.1
95.8
93.0
98.3
95.2
97.0
117.1
121.6
123.0
126.5
126.7
128.3 ' 124.7
Paper and printing
do
123.7
119.4
120.8
123.9
124.9
118.1
117.3
124.6
126.0
128.2
128.7
129.1
129.5
Paper and pulp
do
130.0
120.3
122.7
127.8
128.4
118.5
100.7
110. 7
111.4
111.6
Rubber products
do
98.9
105.0
106.4
111.8
111.5
'99.7
102.8
r 111.2 "110.3
86.0
Rubber tires and inner tubes
do
74.5
78.6
86.5
'75.5
82.3
83.3
86.3
87.4
86.7
'84.9
80.0
'86.1
114.9
112.8
110.1
115.5
Textiles and their products!
do
112.1
112.5
112.6
113.2
115.4
113.0 '110.8
111.6
113.4
106.4
104.8
101.7
106.3
Fabricsf
do
103.7
105.1
106.2
107.0
106.9
106.2 ' 104.8
102.7
106.1
129.0
126.1
124.2
131.3
Wearing apparel
do
126.2
124.2
121.9
122.2
129.6
127.2
' 124.9 ' 123.3 r 119. 5
67.4
'63.4
Tobacco manufactures
do
64.9
65.5
65.4
63.9
67.3
65.6
63.7
63.5
65.8
63.3
68.4
124.9
128.7
133.3
132.3 • 132.8 r 134.4
134.9 ' 135.6
Manufacturing, adjusted (Fed. Res.)t
do
134.2
118.6
122.0
133.3
119.4
129.5
134.0
140.2
141.3
142.3
144.4 ' 146.8
145.3
122.1
126.3
141.5
123.0
Durable goods!
do
143.7
Iron and steel and their products, not in138.2
138.3
139.5
139.8
125.5
136.0
139.1
140.2
136.9
126.2
132.0
139.7
128.3
cluding machinery
1923-25 = 100.Blast furnaces, steel works, and rolling
148
149
150
148
145
149
133
140
150
149
136
149
mills
1923-25=100.133
113
114
110
115
118
114
116
105
117
Hardware
do
103
116
116
115
Structural and ornamental metal work
107
107
108
104
107
106
100
105
107
1923-25=100.- •m
101
103
100
138
141
127
147
132
112
129
132
Tin cans and other tinware
do
140
122
131
113
113
76.9
r76.4
78.1
'79.1
77.3
75.9
77.2
75.5
78.4
Lumber and allied products
do
74.0
74.2
78.9
74.6
104
101
105
'105
103
98
106
Furniture
do
103
101
108
107
104
67
67
70
68
65
68
68
67
65
68
68
Lumber, sawmills
do
64
183.6 ' 187.4
179.3
177.8
Machinery, excl. transp. equipment-do
155.8
148.1
181.2
167.3
173.0
177.7
144.2
161.6
190.6
Agricultural implements (including trac180
167
'161
181
tors)
1923-25=100.158
172
170
175
182
166
140
161
Electrical machinery, apparatus, and sup168
168
plies
1923-25=100.0)
0)
169
159
164
168
153
137
0)
Engines, turbines, water wheels, and
348
323
windmills
1923-25=100.243
245
0)
371
275
293
315
259
239
0)
Foundry and machine-shop products
148
149
153
147
150
139
146
134
1923-25 = 100.129
143
124
120
154
360
365
355
366
337
Machine tools*
do
315
326
349
304
296
0)
0)
179
194
0)
183
184
187
Radios and phonographs
.do
197
191
189
165
178
'222
207
144.8 ' 143. 1 r 142. 3
144.1
147.9
Metals, nonferrous, and products
do
138.9
140.7
147.8
135.1
136.2
232
191
191
194
195
143.7 ' 146.8
191
Brass, bronze, and copper products-do
181
183
193
176
179
145.9
100.9
98.9
98.4
98.7
Stone, clay, and glass products
do
93.7
98.6
92.9
92.3
92.1
92.3
0)
0)
76
73
74
74
Brick, tile, and terra cotta
do
69
74
70
69
73
71
101.6 ' 104. 5
0)
133
131
130
124
130
121
122
Glass
do
116
131
118
77
99.1
80
204.5 ' 208. 9
195.2
174.2
193.1
Transportation equipment!
do
152.9
164.6
196.1
158.7
154.1
132
76
'134
9,799
9,459
8,779
6, 522
7,897
Aircraft*
do
5,398
6,121
7,160
5,813
5,509
205.1 ' 209. 8
126
127
129
0) '
128
132
139
149
Automobiles
do
123
125
128
123
206.1
%
111
532
487
440
341
398
387
Shipbuilding*
do
262
285
301
268
0)
0)
123.8 ' 123. 8 r 125. 6
125.5
126. 3
Nondurable goodsf
do
115.2
118.0
120.5
123.7
0)
115.9
' 124.9
145.2 ' 144.7 ' 145. 9 ' 147.0
143.0
Chemical, petroleum, and coal prod._do
133.6
136.9
140.7
128.1
129.0
125.9 ' 150.0
75
184
181
180
179
Chemicals
do.
168
172
173
157
163
161
148.0
189
0)
144
144
145
148
136
140
145
Paints and varnishes
do.
130
135
134
187
' 145
123.6
129
129
127
127
125
127
Petroleum refining
do.
120
121
123
121
144
130
152.6
320
323
324
328
326
Rayon and allied products
do.
306
324
330
337
308
129
'313
191
146.8
140.7
138.6
140.9
138. 4
Food and kindred products
do_
131.0
132.5
135.0
137.3
131.3
320 ' 148.1
143
152
152
151
152
149
Baking
do.
145
149
148
146
151
147.2
'153
132
127
126
125
124
Slaughtering and meat packing d o .
123
111
114
119
121
113
152
139
308
104.2
99.6
98.0
97.9
100.2
Leather and its manufactures
do_
93.2
95.5
96.8
101.0
94.3
133
'98.7
146.8
101
96
94
94
97
Boots and shoes
do.
91
93
94
98
92
103.1
'95
152
124.9 ' 124.8
124.4
125.1
124.8
Paper and printing
do_
117.2
121.2
119.8
122.9
100 ' 125. 2
118.5
137
129
128
128
128
126
Paper and pulp
do.
117
123
126.0
120
125
119
130
97.5
110.3
110.1
111.6
113.3
113.0
129
Rubber products
do.
100.4
106.1
103.9
111.7
102.0
'99.9
94
'86
86
87
87
110.1
87
Rubber tires and inner tubes
do,
79
83
82
86
80
76
123.9
114.7 ' 112.9 '113.3
117.1
85 '111.7
120.0
Textiles and their products!
do.
107.1
112.9
109.8
116.1
107.6
130
107.2 ' 105. 4 ' 105. 1
113.2 ' 103.7
109.6
111.1
Fabrics!
do_
99.1
105. 9
103.3
109.0
100.4
98.7
124.7 ' 126. 8
126.6
104.4
128.8
135.0
Wearing apparel
do
120. 5
124.0
119.8
127.0
124.9
119.3
75
64.1
128.2
62.0
64.4
65.0
65.7
Tobacco manufactures
do_
64.9
65.8
'69.2
65.0
65. 8
64.0
109.7
66.3
Manufacturing, unadj., by States and cities:
102.1
State:
122.4
137.8
136.1
137.1
137.8
142. 5
147. 5
134. 7
129.4
124.1
112.2
116. 7
129.7
Delaware
1923-25=100
137.2
139.1
139.0
139.1
139. 7
140.3
136. 6
133.1
126.1
119.3
129.6
120.1
137.7
Illinois!
1935-39 = 100
158.2
162. 8
161.7
161. 5
160.1
159.1
156.6
154.9
149.6
152.3
144.4
153. 3
146.7
Iowa
1923-25 = 100-.
147.0 ' 149. 5
146. 4
145.4
144.3
142.8
138. 9
131.9
135.0
127.4
153. 4
119.0
122.8
Maryland
1929-31 = 100
99.2
100.4
100.1
99.5
100.2
99.1
96.1
99.1
97.6
100.5
94.9
90.7
92.9
Massachusetts
1925-27=100
145.4
145.7
145.3
145.3
144.4
132.3
136.9
138.4
136.0
129.2
123.1
126. 5
New Jersey
1923-25=100..
126. 8
126.4
126.4
126.9
113.8
122.8
118.4
115.9
112.0
107.2
110.1
New York
1925-27 = 100
136.9
134.6
136.6
137. 2
137. 5
129.0
136.6
134. 6
131.8
125.9
120.0
123.0
Ohiot
1935-?9=100-_
111.4
110. 6
110.3
111.0
110.9
104.4
110.3
108.7
106.7
102.6
98.3
100.0
Pennsylvania
1923-25=100-126.6
126.4
124.9
126.5
118.7
126.7
124.7
122.4
121.7
116.3
107.0
109.4
125.7
Wisconsin!
1925-27 = 100.
City or industrial area:
149.8
146.9
146.2
144.8
143.7
141.7
132.9
137.3
125.1
154.1
116.4
121.1
129.9
Baltimore
1929-31 = 100
140.6
140.2
139.1
139.4
138.4
138.1
130.8
135.8
124.5
117.6
116. 8
128.1
139.0
Chicago!
1935-39 = 100
130.3
134.3
133.4
134.2
134.1
132.7
128. 5
130.1
121. 7
114.1
117.4
125. 3
137.7
Cleveland
1923-25=100-.
97.4
119.0
102.7
117.3
115.0
116.0
119.6
96.0
120.3
122.1
122. 5
123.8
104.6
Dctroit
do .
135.8
134.9
135. 9
134.3
136.9
135.4
131.3
130.2
125.3
119.0
120.9
128.3
135.1
Milwaukee
1925-27=100.
125.1
124.7
126.7
125.7
121.5
112.8
114.3
114.1
109.9
112.8
113.5
New York
_do .
118.7
118.1
116.3
117.4
114.3
111.8
109.1
110.5
103.6
99.4
101. 3
106.7
Philadelphia
1923-25=100
119.3
118.4
118.0
118.8
117.1
117.1
112.9
115.6
108.3
103.9
104.9
109.9
Pittsburgh
do.-.
125.7
125.5
122.4
127.2
122.4
102.9
117.1
120.0
113.5
103.4
107.1
116.5
Wilmington
do...
' Revised.
i Included in total and group indexes, but not available for publication separately.
t Revised series. For revisions for all industries, durable goods and nondurable goods, see p. 18 of the March 1941 Survey. Index for transportation equipment revised
beginning Janaury 1938; see table 57, p. 17 of the December 1940 Survey. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions
prior to March 1939 which have not been published are available upon request. For revisions in Illinois and Chicago indexes, see note marked with a "f" on p. 29 of the
January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 72 of the February 1941 Survey will appear in an early issue. Earlier
monthly data on indexes beginning 1923 for Ohio factory employment revised to 1935-39 base are shown on p. 17 of the March 1942 Survey.
* New series. For indicated series see note marked with an "*" on p. S-8 of this issue.
S-10
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
1929=100Bituminous coal
do._.
Metalliferous
do...
Crude petroleum producing
do._.
Quarrying and nonmetallic
do..Public utilities:
Electric light and powerf
do.__
Street railways and busesf
do.._
Telephone and telegraphf
do-_Ser vices:
Dyeing and cleaning
do._Laundries
do.-_
Year-round hotels
do. _ Trade:
Retail, totalf
do...
General merchandising!
do_. Wholesale
do - _ _
Miscellaneous employment data:
Construction, Ohiof
1935-39=100
Federal and State highways, totalt-number.
Construction (Federal and State) do.-_
Maintenance (State)
do.. _
Fedcral civilian employees:
United States
do.. _
District of Columbia
do._.
Railway employees (class I steam railways):
Total
thousands _
Indexes: Unadjusted
1923-25=100_
Adjusted
do. _ _
48.8
94.4
80.7
60.5
46.3
50.6
90.6
73.4
60.5
42.4
50.2
91.1
74.3
60.2
44.2
48.7
23.5
77.2
60.1
48.2
48.6
87.9
77.1
60.4
51.0
49.2
88.1
78.9
61.5
51.9
49.3
90.3
79.0
62.1
52.7
50.0
92.6
79.9
62.2
53.9
50.0
94.2
79.4
61.8
54.2
50.3
95.3
79.7
61.6
54.1
50.2
95.1
79.5
60.9
52.6
49.1
'95.5
'80.2
'61.1
'50.9
49.4
95.3
81.3
61.3
46.4
90.6
70.5
89.7
90.1
68.0
80.9
90.3
68.2
81.8
91.3
68.3
83.2
92.2
68.9
84.6
93.5
69.1
86.3
94.6
69.5
88.3
95.2
69.7
89.6
94.9
70.3
90.3
94.1
70.3
90.6
93.4
70.2
90.1
'93.1
'70.6
'90.0
92.0
70.5
90.3
109.6
107.4
94.2
101.4
101.1
93.9
104.4
102.5
94.2
117.2
104.9
95.2
120.6
108.3
96.3
122.7
112.0
95.0
121.7
115.8
94.5
118.9
114.6
94.5
121.5
113.0
95.7
121.2
111.2
96.2
117.2
108.9
96.1
'113.3
108.4
'95.3
109.8
108.6
94.2
94.3
105.4
94.3
90.7
92.9
91.4
92.5
96.6
91.8
97.8
108.7
92.4
96.1
102.5
92.2
97.8
105.1
93.8
96.7
100.9
94.2
96.9
103.0
95.8
100.0
111.7
95.6
101.0
116.4
96.3
103.0
125.9
96.3
'113.0
' 161. 5
'96.3
95.7
105.3
94.9
114.6
116. 8
184, 042 193, 898
47,693
92, 363
99, 503 101, 535
139.8
235, 876
87, 038
110,912
150.8
163.0
285, 397 318,436
127, 634 142,185
118, 945 134, 896
166.5
331,438
152, 691
136, 651
167.7
340,146
158, 744
138, 631
164.7
320, 301
149, 800
128, 415
162.3
300, 381
135, 622
124, 523
157.2
270, 202
111,755
118, 559
146.4
224,762
75,131
110,311
124.5
194,092
49,113
105, 920
1.173,152 1,202,348 1,251,283 1,306,333 1,370,110 1,391,689 1.444,985 1,487,925 '1,511,682 1,545,131 1,670,922 1,703,099
161, 862 167, 081 172, 876 177, 328 184,236 185,182 186, 931 191, 588 194,265 199,283 207, 214 223,483
1,227
1,211
1,192
1,243
1,235
1,051
1,231
1,211
1,074
1,104
1,148
1, 179
65.4
66. 3
65.4
67.3
68.2
67.8
57.6
67.6
66.5
58.8
63.0
60.5
64.7
68.0
68.0
68.2
66.8
66.3
66.5
59.9
66.0
64.8
60.5
62.3
63.3
61.0
LABOR CONDITIONS
Average weekly hours per worker in factories:
Natl. Ind. Con. Bd. (25 industries) _.hours.
U. S. Dept. of Labor (90 industries) d o . . Industrial disputes (strikes and lockouts):
P190
Beginning in month
number.
In progress during month
do...
P275
Workers involved in strikes:
Beginning in month
thousands.
In progress during month
do._.
Man-days idle during month
do...
Employment security operations (Soc. Sec. Bd.):
Placement activities:
Applications:
Active file
thousands. •P 4. 881
New and renewed
do___
1.526
Placements, total t
do...
Unemployment compensation activities:
Continued claims
thousands. P 4,103
Benefit payments:
Individuals receiving payments § . . d o . . .
Amount of payments
thous. of dol_ P39,884
Labor turn-over in mfg. establishments:
6.00
Accession rate..mo. rate per 100 employees.
4.78
Separation rate, total
do...
1.29
Discharges
do...
1.35
Lay-offs
do
3.14
Quits and miscellaneous
do.__
41.7
41.3
41.0
40.3
41.2
41.0
41.6
40.9
41.7
41.1
41.5
40.3
41.6
41.2
42.4
41.5
'356
'567
'434
'627
'462
'691
'460
'671
'411
'633
'250
'428
' 138
'264
P255
' 566
' 7,114
326
423
' 2, 202
'143
'226
' 1, 501
142
222
'1,313
211
300
'1,810
'294
'353
' 1, 935
'197
' 343
'1,912
224
'333
' 1, 344
'51
'434
P33
P49
P390
5,170
1, 606
429
5.097
1, 825
489
5,156
1, 539
622
5,126
1, 623
624
4.982
1, 597
630
4,699
1,446
671
4,356
1.396
1,108
4,229
1,488
935
4,234
1,327
583
4, 413
1,603
493
' 4, 895
' 1, 956
439
4,047
3,738
4,270
3,914
3, 576
3,623
3,045
2,650
2,548
2, 597
3,618
4,584
806
34, 611
762
33, 608
590
26, 998
659
31, 574
684
' 30, 561
611
29, 307
572
26, 494
493
22, 942
430
21, 430
470
21,066
523
27,847
' 797
'41,056
4.92
3.15
.19
1.20
1.76
5.62
3.40
.21
1.06
2.13
6.04
3.89
.25
1.19
2.45
5.95
3.m
.24
1.08
2.54
6.31
3.71
26
1.03
2.42
6.00
4.24
.29
1.40
2.55
5.43
4.14
.30
1.13
2.71
5.16
4.53
.31
1.16
3.06
4.87
4.13
.28
1.41
2.44
3.91
3.56
.24
1.47
1.85
4.76
4.71
.29
2.15
2.27
6.87
5.10
.30
1.61
3.21
134.7
149.9
144.1
163.1
152.2
173.9
152. 7
172.2
158.1
177.6
162.6
183.3
167.0
191.4
165.4
190.3
170.2
195.9
'173.5
' 204. 7
41.0
40.0
41.2
40.4
40.7
40.0
256
385
••346
'495
'402
'588
72
128
1,134
117
'178
' 1,558
••512
5,101
1, 373
411
41.3
40.8
'461
'665
PAY ROLLS
Manufacturing, unadjusted (U. S. Department
of Labor) t
1923-25 = 100.
Durable goods f
do...
Iron and steel and their products, not including machinery
1913-25 = 100..
Blast furnaces, steel works, and rolling
mills
1923-25 = 100.
Hardware
do
Structural and ornamental metal work
1923-25 = 100. _
Tin cans and other tinware
do...
Lumber and allied products
do___
Furniture
do - _ _
Lumber, sawmills
do_ _ _
Machinery, excl. transp. equip
do.-.
Agricultural implements (including tractors)
1923-25 = 100 _
Electrical machinery, apparatus, and
supplies
1923-25= 100..
Engines, turbines, water wheels, and
windmills
1923-25 = 100.
Foundry and machine-shop products
1923-25= 100. _
Machine tools*
do _
Radios and phonographs
do.
Metals, nonferrous, and products
do
Brass, bronze, and copper products.do
Stone, clay, and glass products
do.
Brick, tile, and terra cotta
do.
Glass
do.
176.9
208.5
126. 8
- 139.3
"
131.2
144. 6
137.0
141.2
150.9
160. 9
168.6
166.6
172.0
170.6
173.4
171.9
175.0
174.8
191.1
142.9
145.4
134.8
164.1
135.7
172.7
141.5
179.9
150.2
181.6
123.8
183.3
145.7
178.4
148.7
181.1
151.5
' 185. 0
' 148. 2
93.8
115.7
70.6
90.0
60.5
176. 9
103.4
127.3
75.7
95.2
66.4
197.4
113.8
146.4
78.0
102.7
66.0
217 2
120.1
163. 2
83.9
110.0
71.1
229.9
112.5
171.3
85.5
110.1
73.5
233.0
125.2
184.7
92.3
116.1
80.3
243.4
123.6
187.6
90.8
118.0
77.5
248.2
127.2
171.7
92.3
120.6
78.2
255.7
183.2
148.2
' 116. 0
165. 8
86.4
118.8
70.2
255.3
185.0
152.7
130.5
161.6
84.8
114.7
70.7
294.8
149. 0
138.1
97.1
121.8
72.8
93.9
62.7
186. 2
'121.2
173.6
85.8
120.9
68.0
'271.2
' 125. 0
' 180. 9
'81.8
'110.9
'67.5
' 285. 0
174.2
162. 0
229. 6
229.0
233. 3
228.4
227.5
230. 7
231.6
223.9 |
185.9
192.3
215.3
224.0
232.0
240.0
241.3
244.7
242.1 |
378.6
372.4
444.1
484.7
506.9
545.1
572.9
615.5
676.3
240.5
0)
r
347.0
219.0 j
228.8
0)
0)
0)
191.4
202. 8
194.7
211.2
187.8
136.1
143.6
176.5
152.2
166.2
186.0
177.8
596.3
578.2
444.7
599.1
471.5
0)
529. 3
534.7
553.4
472.2
507.2
0)
0)
261.7
254.4
146.4
157. 2
268.2
287. 9 ' 278.8
200.4
218.7
234.0
163. 9
191.5
276.5
185.6 ' 185. 9
151.2
182.0 ' 193. 2 ' 197.6
155.1
174.6
173.7
182.6
157.2
166. 7
201.1
267.6
270.8
224.5
236.7
260.6
0)
262. 2
263.8
273.6
234.8
246.6
0)
0)
109.5
105. 4
82.0
85.2
105.8 ' 106. 6 ' 199. 5
91.1
97.8
100.2
98.9
104.2
103.6
75.8
76.2
56.1
54.8
72.9
'72. 6
71.8
73.4
77.0
62.4
69.1
'65.1
66.1
173.7
160. 5
140.5
135.3
168.2 '171. 1 ' 166.1
143.5
150.3
153.5
147.1
155.4
170.6
p Preliminary.
' Revised.
i Included in total and group indexes, but not available for publication separately.
§ Data are a weekly average of the number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within the month.
JTotal includes State engineering, supervisory, and administrative employees not shown separately; see note on p. 27 of the May 1941 Survey.
tRevised series. Telephone and telegraph indexes revised beginning 1932, other indicated nonmanufacturing employment series beginning 1929; see p. 17 of the April
1940 Survey, except for indexes for street railways and busses beginning 1932, which were subsequently revised as shown in table 27. p. 17 of the May 1940 issue. Indexes
beginning 1923 for Ohio construction employment are shown in table 8, p. 18 of the March 1942 Survey. Total placements revised to include placements formerly classified
as "supplementary" because of the omission of one or more of the steps necessary for a complete placement. Most of these placements were so classified because of lack of
registration and
placements were formerly
in
here shown
be publishedwere largely placements in agricultural jobs. Only complete manufacturing and durableshown for the Survey. Data comparable with the series1941 Survey.
will
in a subsequent issue. For revisions in pay-roll index for all
goods
1938 and 1939, see table 12, p. 18 of the March
*New
http://fraser.stlouisfed.org/ series. For pay-roll indexes beginning 1923 for machine tools, see table 40, p. 16 of the October 1940 Survey.
Federal Reserve Bank of St. Louis
218 7
S-ll
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
May-
June
July
1942
August
September
October
Novem- December
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Mfg., unadj. (U. S. Dept. of Labor)—Con.
Durable goods—continued
Transportation equipment!- -1923-25=100.
Aircraft*
-..
do.._
Automobiles
._
__.do___
Shipbuilding*
_ do.._
Nondurable goodsf.
_
do
Chemical, petroleum, and coal products
1923-1925 = 100.
Chemicals
do...
Paints and varnishes
do...
Petroleum refining
__.do.__
Rayon and allied products
.do...
Food and kindred products
do...
Baking
do_._
Slaughtering and meat packing
do...
Leather and its manufactures
do...
Boots and shoes
do
Paper and printing..
do...
Paper and pulp
do...
Rubber products
do
Rubber tires and inner tubes..
do__.
Textiles and their products!
do...
Fabricsf
...do...
Wearing apparel
do...
Tobacco manufactures
do...
Manufacturing, unadj., by States and cities:
State:
Delaware
1923-25=100.
Illinoist
--..
1935-39=100.
Maryland
1929-31 = 100.
Massachusetts...
1925-27=100-.
New Jersey
_ .1923-25=100New York....
_ .1925-27=100.
Ohio*
.1935-39 = 100.
Pennsylvania.
1923-25=100.
Wisconsint-.-...1925-27=100.
Citv or industrial area:
Baltimore
.1929-31 = 100Chicagof
1935-39 = 100.
Milwaukee
1925-27=100.
New York
do___
Philadelphia.
..1923-25=100.
Pittsburgh
do
Wilmington
do
Nonmfg.. unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
1929=100.
Bituminous coal...
_
do...
Metalliferous
do...
Crude petroleum producing
do
Quarrying and nonmetallic
do...
Public utilities:
Electric light and powerf
do
Street railways and buses!
do
Telephone and telegraphf._
._do
Services:
Dyeing and cleaning
do
Laundries
do
Year-round hotels
-do
Trade:
Retail, totalf
do
General merchandising!
do
Wholesale
.do
141.5
'191.0
), 440. 6
' 159.5
338.1
112.9
197.2
5,678.3
163.1
365.0
116.3
191.6
7,134.4
147.3
395.4
117.7
217.0
7,697.3
170.6
433.9
122.9
240.0
J, 193. 5
188.3
505.9
127.9
208.0
277.1
179.6
162.4
391.7
149.6
159.6
160.1
114.7
109.4
135.5
174.2
123.5
102.4
127.1
124.2
125.2
72.4
144.8
193.9
141.7
132.1
327.6
119.6
137.8
113.5
91.5
88.9
117.1
132.5
115.3
99.7
' 103.8
98.5
' 107.9
61.7
149.1
201.7
147.4
133.4
332.9
122 A
140.0
114.2
96.1
94.2
120.3
136.4
119.5
102.7
107.0
101.1
112.2
62.7
158.3
208.3
157.9
142.4
342.3
125.2
140.9
115.1
92.3
89.1
121.2
139.1
122.3
106.3
107.0
104.1
106.2
58.9
164.9
221.8
170.4
146.3
356.2
134.7
148.4
133.1
91.0
86.7
124.9
145.6
128.7
111.1
110.4
109.3
105.9
67.1
172.4
232.7
177.8
156.7
362.4
144.4
154.4
137.8
97.2
91.9
128.6
157.7
141.1
122.4
111.4
111.6
104.1
70.2
176.3
239.7
172.7
157.2
368.6
152.8
153.1
139.4
103.2
98.8
128.6
156.9
135.6
118.4
113.6
113.3
107.1
69.8
180.0
247.2
171.5
159.1
368.2
165.5
155.2
142.9
104.7
100.7
130.9
162.7
138.8
116.4
119.3
114.4
121.7
70.0
187.0
250.9
169.9
166.4
374.3
170.1
157.4
145.8
101.6
95.3
133.3
163.0
134.8
107.3
123. 4
118.0
126.3
70.4
194.3
' 260.9
173.8
168.0
386.4
' 163.0
157.6
' 151.1
100.5
93.3
135.9
165.4
' 138.0
111.8
122.4
120.2
119.2
75.6
195.6
264.6
172.2
' 167.9
385.2
157.7
159.7
' 153.7
97.0
88.4
137.5
166.9
' 140.6
117.6
'118.3
118.9
' 109. 8
77.1
200.9
271.6
' 175.9
173.9
391.2
' 157. 2
157.5
' 168.9
106.7
99.5
' 144.2
169.9
' 136.9
' 108. 6
' 122. 2
'123.7
'111.9
76.7
' 202. 0
' 275. 7
' 172. 5
' 171.1
' 392.4
r 154.6
' 158. 2
' 182. 4
' 107. 2
' 100.9
' 136. 5
'171.9
' 126.0
' 103.7
' 119.8
' 122.0
' 108.3
125.1
138.3
155.1
97.0
139.1
113.6
152.7
104.7
129.5
128.1
140.8
161.2
101.0
145.6
119. 2
159.8
109.0
134.8
137.3
151.6
174.3
104.0
147.5
122.6
167.0
114.5
142.5
150.1
161.6
189.2
110.2
161.1
129.0
176.6
121.7
150.9
156.0
170.5
196.2
114.5
169.0
134.2
186.3
127.2
159.5
159.9
170.2
202.5
117.2
' 173.9
137.5
188.3
126.3
154.6
169.5
178.7
207.9
116.9
173.0
146.4
190.4
131.1
163.8
173.7
180.5
215.2
121.3
189.3
152.6
190.9
131.2
164.6
169.5
183.7
224.5
120.7
188.5
151.6
195.7
136.2
173.2
171.9
181.7
221.4
119.5
190.0
151.0
194.9
135.2
170.5
182.4
188.4
234.0
125.7
198.5
157.4
' 202.8
139.7
172.9
187.9
188.4
' 241. 0
129. 3
203.3
157.9
135.1
139.5
109.7
110.5
114.5
113.6
164.2
135.1
144.5
115.2
114.0
118.7
115.9
178.4
148.7
151.7
115.9
114.7
131.6
124.1
194.5
158.2
157.8
118.0
126.4
138.4
134.9
200.6
166.1
163.9
119.1
134.0
143.9
138.8
207.4
168.9
159.3
123.3
136.8
140. 5
141.3
212.8
174.8
169.7
134.3
139.1
146.3
146.0
220.9
177.8
168.2
142.4
144.0
143.6
145.9
229.6
180.3
175.0
135.4
149.9
150.6
149.7
226.9
179.9
173.8
133.6
151.8
149.8
153.8
240.4
186.9
180.2
141.2
159.0
153.7
163.2
' 247. 5
189.1
182.0
49.7
118.2
98.5
63.9
51.7
45.2
90.8
71.8
57.3
38.2
42.4
93.8
72.7
56.1
40.3
24.3
15.8
78.9
57.8
47.0
33.4
107.2
81.5
58.8
53.2
51.2
107.2
85.3
59.9
55.7
34.8
105.4
79.3
61.4
55.5
51.1
117.3
85.4
61.5
59.3
49.6
115.5
85.9
64.4
60.5
49.2
122.6
88.3
64.4
61.5
41.8
116.3
89.8
64.2
57.5
35.9
'119.9
'93.7
'64.6
'55.8
38.9
116.7
94.4
65.2
47.7
113.0
83.5
120.8
105.4
71.0
104.3
106.1
72.5
106.4
107.6
72.0
107.1
109.6
72.7
110.5
111.4
76.2
113.0
113.5
75.8
115.7
115.1
78.6
116.4
115.0
78.1
117.3
115.7
78.4
117.0
115.2
78.2
118.3
'115.2
'80.0
' 122.9
114.3
80.0
124.1
85.8
102.2
92.1
74.4
89.7
86.1
97.8
95.8
87.1
96.1
98.7
87.9
98.4
102.5
87.4
96.4
106.7
87.6
98.5
103.4
91.9
101.9
93.2
' 102. 6
'93.3
86.7
103.9
91.9
84.6
86.6
81.4
91.7
98.6
83.4
91.5
96.0
84.6
95.2
100.1
88.2
94.0
97.5
88.0
92.1
104.7
88.2
94.0
99.3
99.5
105.2
90.0
93.5
105.0
93.2
77.2
90.9
85.7
86.2
88.3
82.0
95.8
106.6
90.9
97.3
110.9
92.0
98.5
117.8
91.6
' 107. 8
'151.1
'92.8
95.0
105.5
91.9
324.4
0)
123.4
0)
192.4
251.5
132.6
182.2
256.0
189.1
187.0
224.4
252.6
228.8
2S2.0
287.8
1,045. 7 10,303.0 11,145. 8 12,301.6 13,204. 6
139.2
159.3
158.0
176.6
175.8
614.6
703.8
582.0
803.4
827.1
136.3
139.5
130.7
139.6
137.4
290.0
0)
0)
147.9
' 141. 0
' 328.6
0) <
' 153.6
0)
138.7
200.1
139.3
175.2
~l59~2
154.4
169.1
WAGES
Factory average weekly earnings:
Natl. Ind. Con. Bd. (25 industries)-.dollars.
36.08
31.41
35.74
37.59
33.12
31.80
33.70
35.10
35.65
31.89
34.26
34.10
U. S. Dept. of Labor (90 industries).__-do_...
35.10
28.56
29.11
32.89 ' 32. 79 ' 33. 68
30.78
31.22
32.06
29.17
31.88
31.66
Durable goods
do
40.94
32.90
37.92 ' 37. 63
38.65
33.49
35.84
33.54
35.57
36.91
36.55 ' 36.82
Iron and steel and their products, not including machinery
dollars.
37.40
32.21
35.60
' 36.41 ' 37.01
35.71
36.40
32.65
35.53
36.07
34.40
Blast furnaces, steel works, and rolling
mills
dollars
39.24
34.94
39.26
34.51
39.06
38.63
39.46
37.87
38.90
38.81
37.81
Hardware
do
33.29
32.32
33.18
28.64
31.42
32.29
31.26
28.95
31.35
29.20
29.89
28.84
Structural and ornamental metal work
dollars31.67
34.04
37.59 ' 34.89 ' 36.89
36.13
32.35
36.92
38.07
33.71
36.51
28.89
Tin cans and other tinware
do
24.98
25.53
27.59
29.62
27.39
29.56
27.27
28.42
28.92
26.17
27.70
24.35
Lumber and allied products
do
21.24
21.68
23.87
23.21
24.47
24.12
25.12
22.57
24.68
22.16
23.57
26.81
Furniture
_
do
23.03
25.72
22.32
26.03
24.68
26.07
26. 71
24.35
25.49
23.22
25.12
21. 50
20.32
21.89
Lumber, sawmills.
_
...do
22.72
21.02
21.60
21.79
23.22
20.74
23.49
19.89
21.89
40.74
35.02
42.26
38.47
Machinery, excl. transp. equip
do
34.26
37.53
39.23 ' 38.96
37.17
38.19
35.20
38.00
Agricultural implements (including
tractors)
..dollars..
36.72
35.96
38.25
33.13
33.54
36.62
37.12
37.46
37.32
37.52
36.88
36.31
Electrical machinery, apparatus, and
supplies
dollars..
40.47
37.16
39.12
33.87
37.06
37.24
34.46
36.68
37.41
37.78
37.01
34.41
Engines, turbines, water wheels, and
windmills
dollars. .
50.64
53.02
56.96
38.73
43.39
45.02
45.94
46.62
40.43
47.81
45.03
38.30
Foundry and machine-shop products
dollars. .
33.51
34.39
38.84
34.75
36.61
37.72
41.09
37.77
37.78
36.51
38.00
Machine tools*...
do
48.82
41.62
41.49
45.54
41.10
42.79
42.80
43.53
50.81
45.17
43.22
44.74
Radios and phonographs
do
24.80
25.79
27.02.
29.42
30.16
32.19
25.31
28.30
28.32
32.16
27.09
29.25
' Revised.
i Included in total and group indexes, but not available for publication separately.
tRevised series. For revisions in indexes for nondurable goods, for 1938 and 1939, see table 12, p. 18 of the March 1941 Survey. Index for transportation equipment revised beginning January 1939, see table 57, p. 17 of the December 1940 Survey. Slight revisions were made in data for textiles and their products and fabrics beginning 1933;
revisions not shown on p. 27 of the May 1940 Survey are available upon request. For revisions in Illinois and Chicago indexes, see note marked with a "f" on p. 29 of the January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 74 of the February 1941 Survey will appear in an early issue. Telephone and
telegraph pay-roll indexes revised beginning 1932, other indicated nonmanufacturing pay-roll indexes revised beginning 1929; see table 19, p. 17 of the April 1940 Survey.
*New series. Data beginning April 1931 on Ohio pay rolls are shown on p. 17 of the March 1942 issue; for other indicated pay-roll series, see last sentence of note marked
with an "*" on p. S-8 of this issue. Earlier monthly data for wage series on machine tools not shown on p. 29 of the March 1941 Survey are available upon request.
S-12
SURVEY OF CURRENT BUSINESS
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
1941
1942
February
April 1942
February
March
April
May
June
July
1942
August
September
October
January
Novem- December
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average weekly earnings—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
Metals, nonferrous, and products-dollars..
Brass, bronze, and copper prod._.do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
do
Transportation equipment
do
Aircraft*
do
Automobiles
do
Shipbuilding*
do
Nondurable goods
do
Chemical, petroleum, and coal products
dollars. _
Chemicals
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing,.do
Leather and its manufactures
do
Boots and shoes
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and inner tubes
do
Textiles and their products
do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
do
Factory average hourly earnings:
Natl. Ind. Con. Bd. (25 industries)
do
U. S. Dept. of Labor (90 industries)
do
Durable goods
do
Iron and steel and their products, not
including machinery
dollars, _
Blast furnaces, steel works, and rolling
mills
dollars. _
Hardware
do
Structural and ornamental metal work
dollars..
Tin cans and other tinware
do
Lumber and allied products
do
Furniture
do
Lumber, sawmills
do
Machinery, excl. transp. equip.
do
Agricultural implements (including
tractors)
dollars..
Electrical machinery, apparatus, and
supplies
dollars..
Engines, turbines, water wheels, and
windmills
dollais..
Foundry and machine-shop products
dollars. .
Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, and products. _do
Brass, bronze, and copper products
dollars. .
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
do
Transportation equipment
do
Aircraft*
do
Automobiles
do
Shipbuild ing *
do
Nondurable goods
do
Chemical, petroleum, and coal products
dollars..
Chemicals
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing, .do
Leather and its manufactures_._".__do
Boots and shoes
do
Paper and printing
do
Paper and pulp
do
Rubber productst
do
Rubber tires and inner tubes J
do
Textiles and their products
do
Fabrics _.
do
Wearing apparel
do
Tobacco manufactures
do
Factory average weekly earnings, by States:
Delaware
1923-25=100..
Illinoisf
1935-39=100..
Massachusettsf
1925-27=100..
New Jersey
1923-25=100..
New York....
1925-27=100..
Pennsylvania
.
1923-25=100..
Wisconsin!
1925-27=100..
'Revised.
Inde:
31.00
35.20
25.61
22.09
28.62
38.44
35.14
40.05
38.71
23.23
31.57
36.45
25.89
22.30
28.76
38.80
35.02
40.61
39.30
23.63
31.50
35.70
26.50
23.38
28.70
36.41
35.15
36.36
39.16
23.62
33.12
37.10
27.64
24.58
29.53
39.90
35.84
41.56
40.89
24.48
34.30
38.42
28.04
24.97
29.91
42.69
35.63
45.68
43.78
25.11
33.78
38.37
27.02
24.59
28.19
40.51
36.57
40.79
45.54
25.07
34.88
39.17
27.98
25.30
29.28
41.23
38.08
41.09
46.47
25.38
35.22
38.65
28.28
25.27
30.19
41.72
38.19
41.72
46.82
25.78
35.09
38.24
29.38
25.71
32.16
43.60
39.20
44.32
47.84
26.11
' 34. 74
37.79
' 28.49
' 25.13
r
30. 97
' 43. 00
39.74
43.84
45.90
' 26.11
30.24
33.50
30.22
34.36
26.94
25.25
26.73
26.70
21.89
20.92
30.04
27.66
31.20
37.02
19.08
18.61
20.35
17.54
30.36
33.93
30.46
34.68
27.28
25.74
26.66
26.81
22.61
21.77
30.67
28.19
31.67
37.55
19.37
18.89
20.68
17.99
30.96
34.24
31.57
36/64
27.54
25.56
26.59
27.14
21.87
20.84
30.54
28.31
31.62
37.68
19.48
19.33
19.91
16.88
32.41
35.48
33.05
37.14
28.16
26.68
27.56
29.55
22.09
20.89
31.13
29.07
32.82
38.88
20.13
20.09
20.22
18.82
33.63
36.04
33.81
38.74
28.36
27.08
28.21
29.79
22.99
21.66
32.01
30.97
34.70
41.41
20.33
20.28
20.48
19.48
33.74
36.38
32.63
38.26
29.06
26.36
28.26
29. 43
23.68
22.53
31.70
30.49
33.18
39.54
20.55
20.43
20.90
19.45
33.78
36.57
32.65
38.57
28.60
26.33
28.06
30.31
23.97
22.90
32.04
31.18
33.78
39.17
21.04
20.63
22.18
19.37
34.12
' 37. 63
32.56
40.14
29.29
26. 56
28.32
30.63
23.71
22.35
32.34
31.17
32.65
36.19
21.73
21.38
22.68
20.00
34.99
37.85
33.33
40.33
30.42
27.14
28.18
' 31.16
23. 59
22.07
32.66
31.73
33.54
37.92
21.91
21.80
22.21
20.36
'35.21
38.08
33.30
' 40. 33
30.50
' 27.40
28.81
' 30. 77
23.16
21.45
32.98
31.94
' 34. 37
' 39. 71
' 21. 56
21.66
' 21. 28
20.45
.764
.692
.762
.768
.784
.708
.785
.726
.806
.818
.738
.822
.822
.744
.826
.828
.745
.830
.845
.758
.843
.853
.770
.853
.791
.795
.841
.858
.863
.862
.871
.875
.877
.866
.873
.954
.693
.964
.737
.965
.710
.968
.736
.971
.744
.969
.749
.750
.638
.534
.560
.517
.772
.756
.639
.541
.565
.523
.778
.782
.642
.547
.570
.530
.789
.967
.707
.825
.652
.556
.584
.537
.818
.836
.660
.570
.597
.552
.832
.826
.664
.577
.601
.560
.836
.837
.669
•588
.608
.573
.844
.846
.683
.590
.617
.572
.850
.852
.708
.598
.626
.578
.861
.907
.920
.923
.851
.855
.860
.996
1.005
1.019
1.072
.871
.697
.821
.843
.876
.701
.822
.849
.886
.704
.831
.872
.776
.886
.782
.818
.829
.842
.850
.857
.769
.799
.643
.748
.780
.806
.644
.749
.803
.822
.661
.770
.819
.831
.664
.794
.818
.841
.693
.803
.826
.850
.687
.811
.685
.589
.774
.918
.784
.975
.900
.621
.822
.778
.920
.783
.982
.890
.624
.816
.695
.606
.770
.923
.788
.983
.907
.629
.834
.710
.639
.769
.945
.794
1.014
.929
.641
.861
.717
.642
.780
.976
.797
1.063
.954
.650
.876
.721
.645
.782
.988
.812
1.066
1.013
.657
.887
.721
.648
.782
.988
.845
1.055
1.039
.887
.736
.653
.812
1.003
.845
1.079
1.043
.770
.826
.746
.970
.702
.651
.644
.685
.564
.540
.803
.661
.792
.981
.514
.492
.561
.495
145.0
.936
.762
.801
.640
.740
140.3
131.9
.878
.967
.766
.829
.749
.967
.700
.655
.641
.685
.572
.549
.807
.664
.799
.994
.517
.494
.561
.497
.773
.839
. 755
.995
.706
.655
.647
.694
.579
.555
.805
.666
.804
.995
.524
.509
.553
.506
.863
.770
1.008
.712
.670
.659
.731
.590
.567
.811
.676
.816
1.008
.530
.520
.550
.509
.824
.866
.780
1.020
.722
.672
.665
.738
.599
.573
.826
.716
.836
1.037
.534
.522
.559
.517
.838
.886
.781
1.030
.729
.662
.674
.737
.609
.584
.825
.727
.845
1.048
.550
.534
.582
.523
.837
.885
.784
1.025
.728
.658
.672
.766
.615
.590
.824
.725
.861
1.062
.554
.533
.596
.520
.845
.897
.789
1.083
.746
.657
.674
.780
.630
.601
.830
.728
.859
1.046
.569
.551
.602
.525
107.9
117.5
106.9
136.1
106.0
121.4
121.1
106.2
119.2
108.7
138.5
108.2
124.3
123.3
107.2
121.0
109.6
137.5
109.4
127.7
122.6
112.1
125.1
114.7
146.6
113.3
132.7
127.2
116.2
128.9
117.3
149.5
115.8
135.8
131.1
114.5
125.4
118.3
151.0
116.1
132.1
126.3
114.7
127.7
118.0
151.9
119.2
136.3
131.4
113.6
129.2
121.9
156.8
120.7
134.4
130.2
*New series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.
37.87
43. 28
28. 73
24.81
31. 96
49.33
46.43
49.36
52. 42
36.86
40.81
' 29. 21
' 25. 72
31.80
' 43. 77
42.22
40.97
49.19
' 26. 92
36.08
39.06
33.88
41.09
31.71
29.03
29. 30
33.05
25.10
23.66
33.34
32.88
34.14
39. 72
22. 22
22.39
21. 72
20.86
'36.14
38.64
' 34.13
41.74
31.13
28.33
28.84
' 31. 82
24.87
23.36
34.04
32.42
' 33. 54
' 37.19
22.30
22.46
21.83
20.67
.977
.754
.840
.707
.602
.640
.573
.868
.882'
.801
.894 |
.860
.781
.865
.904
.983 \
.763 I
'.857
.703
.602
.642
.572
!
!
I
|
!
.875
.714
.607
.647
.579
.879 I
.919
.924 !
.877 !
1.063
.858 I
.908 \
.722 !
.935
.892
1.114
.874
.926
.732
.865
.894
.749
.657
'.839
1.042
.902
1.116
1.070
.918 f .945
.753 i .751
.670
' . 666
.828
'. 837
1.069
1.035
.956
.916 I
1.107 ; 1.168
1.060 ! 1.079
.701
.861
'.921
.808
1.097
.773
.679
.675
'.786
.635
.605
.834
.732
' 859
.
1.043
.581
.566
.611
.527
.875
'.931
.818
'1.109
.775
.695
.688
'.794
.644
.614
.841
.738
'.870
'1. 060
.579
.567
.604
.532
.941
'.822
'1.106
.797
.703
.695
'.782
.649
.618
. 855
.747
'.875
'1.058
.583
.571
.609
.530
118.7
132.3
120.5
157.1
119.4
139.4
136.7
121.7
130.3
119.4
157.4
119.4
138.6
134.8
128.3
135. 5
' 125. 2
163.9
124.1
143.0
136.6
.744
.655
.836
1.019
.870
1.091
1.059
.680
.886
.949
.824
1.107
.800
.718
.697
.791
.649
.618
.852
.758
.886
1.088
.589
.574
.620
.549
131.5
137.3
130.3
168.2
144.3
140.3
29 of the January 1941 Survey,
ill be shown in an early issue.
S-13
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
May
June
1942
July
August
September
October
Novem- December
ber
January
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Miscellaneous wage data:
Construction wage rates (E. N . R.):1
Common labor
dol. per hour._
Skilled labor
do____
Farm wages without board (quarterly)
dol. per month
Railway wages (avg., class I)_.dol. per hour._
Road-building wages, common labor:
United States, average
do
East North Central
do
East South Central
do
Middle Atlantic
do
Mountain
do
New England
do
Pacific
do
South Atlantic
do
West North Central
do
West South Central
do
.713
1.47
.725
1.48
.741
1.49
.747
1.49
.753
1.50
.753
1.50
.761
1.52
.761
1.52
.768
1.52
.758
.742
40.44
.732
730
.733
44.95
.727
.727
.733
45.47
.727
.745
.43
.67
.33
.59
.53
.59
.72
.34
.48
.38
.43
.65
.34
.58
.52
.58
.70
.34
.47
.39
.45
.64
.34
.61
.54
.57
.72
.36
.45
.40
.62
.34
.56
.57
.53
.73
.36
.49
.40
.49
.64
.36
.56
.60
.52
.73
.35
.51
.39
.50
.66
.35
.55
.60
.55
.73
.36
.51
.39
.50
.67
.36
.57
.59
.55
.76
.36
.50
.40
.49
.65
.37
.57
.62
.55
.79
.36
.50
.42
.49
.65
.37
.59
.63
.54
.80
.36
.52
.41
.49
.66
.38
.57
.60
.55
.79
.37
.53
.41
215
.43
.69
.37
.59
.62
.52
.82
.36
.51
.43
.716
1.47
216
209
199
167
161
159
161
160
162
59
44
26
59
44
23
60
46
20
61
46
19
62
47
19
62
47
18
63
48
20
.769
1.52
.776
1.53
47.77
.841
.49
.67
.37
.59
.61
.59
.81
.35
.50
.41
.45
.65
.36
.63
.63
.57
.85
.35
.55
.40
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programsf
mil. of dol_.
Assistance to recipients:!
Special types of public assistance
do
Old-age assistance*
do
General relief
do
Subsistence payments certified by the Farm
Security Administration
mil. of dol
Earnings of persons employed under Federal
work programs:
Civilian Conservation Corps. __mil. of doL.
National Youth Administration:
Student work program
do
Out-of-school work program
do
Work Projects Administration
do
Other Federal agency projects financed
from emergency fundst
mil. of doL
Earnings on regular Federal construction
projects*
mil. of doL.
58
43
29
(a)
18
16
3
9
94
3
9
97
3
8
94
(a)
3
8
81
61
2
6
62
60
2
1
1
1
1
1
1
1
114
111
116
106
110
119
130
137
157
167
167
166
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of dol_.
Held by accepting banks, total
do
Own bills
do
Bills bought
do
Held by others*
do
Commercial paper outstanding
do
Agricultural loans outstanding of agencies supervised by the Farm Credit A dm.:
Total, excl. joint-stock land bks.t-mil. of doL.
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
do
Banks for cooperatives, incl. central
bank
mil. of doL.
Agr. Mktg. Act revolving fund
do
Short term credit, totalf
do
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
cooperativescf
mil. of dol__
Other financing institutions
do
Production credit associations
do
Regional agr. credit corporations..--do
Emergency crop loansf
do
Drought relief loans
do
Joint-stock land banks, in liquidation.-do
Bank debits, total (141 cities)
do
New York City
do
Outside New York City
do
Federal Reserve banks, condition, end of mo.:
Assets, total
mil. of dol__
Res. bank credit outstanding, total—.do
Bills discounted
do
United States securities
do
]
Reserves, total
do
j
Gold certificates
do S
Liabilities, total
do
Deposits, total
do
Member bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation.-do
Reserve ratio
percent-.
190
144
92
53
46
388
212
164
99
65
48
241
217
170
107
63
47
263
220
170
105
66
49
275
215
164
105
60
51
295
213
161
101
59
52
299
210
161
106
55
49
330
197
148
100
47
50
354
177
131
85
46
46
371
185
138
90
47
47
378
194
144
93
51
50
387
194
146
92
54
49
375
197
154
103
52
43
381
2,878
2,332
1,746
586
129
2,970
2,485
1,842
643
91
2,976
2,475
1,836
640
88
2,982
2,467
1,830
637
85
2,988
2,458
1,824
634
90
2,988
2,448
1,818
630
90
2,986
2,437
1,811
626
96
2,975
2,426
1,804
622
99
2,954
2,411
1,795
616
111
2,924
2,395
1,786
610
119
2,906
2,380
1,776
604
128
2,891
2,361
1,764
597
133
2,873
2,343
1,753
590
130
110
17
417
74
16
393
70
16
413
68
16
431
74
16
440
74
16
450
80
16
453
83
16
450
94
16
431
101
16
410
109
17
398
113
17
397
111
16
400
235
41
203
4
122
47
32
37, 773
14, 242
23, 531
192
36
182
6
119
50
46
32, 726
13, 268
19, 457
203
37
195
6
125
50
45
40,988
17,402
23, 586
212
39
207
6
129
50
44
38, 731
15, 657
23, 074
217
40
215
6
130
50
44
39,919
16,124
23, 795
225
42
221
7
130
50
43
42,135
17, 282
24, 853
227
44
224
7
129
50
41
r 40, 947
16, 288
24, 660
229
45
221
7
128
49
39
39,112
15, 079
24, 033
225
43
208
7
125
49
38
39,964
15, 654
24,310
219
39
194
7
121
49
36
46,463
19,148
27, 315
220
38
187
7
118
48
35
41,152
16,077
25, 075
226
39
188
6
117
48
33
51,717
20, 598
31,118
225
40
191
5
118
48
32
44, 261
17,247
27,014
24, 322
2,412
5
2,262
20, 846
20, 515
24, 322
14,441
12,619
2,969
8,559
90.6
23, 528
2,265
3
2,184
20, 366
20,031
23, 528
16, 351
14, 203
6,534
6,022
91.0
23, 409
2,243
3
2,184
20,436
20,112
23, 409
16, 272
13, 371
5,776
6,143
91.2
23,686
2,234
2
2,184
20, 533
20, 204
23,686
16, 220
13, 524
5,771
6,282
91.3
23, 859
2,280
4
2,184
20, 615
20,325
23,859
16,132
13, 724
5,801
6,503
91.1
23,704
2,267
2
2,184
20, 583
20,322
23, 704
15, 863
13,051
5,210
6,724
91.1
23, 828
2,293
5
2,184
20, 603
20,317
23, 828
15, 781
13,151
5,215
6,857
91.0
23,833
2,275
11
2,184
20, 571
20, 314
23,833
15, 521
12, 794
4,796
7,080
91.0
24, 026
2,264
11
2,184
20, 712
20, 461
24, 026
15, 489
13, 227
5,169
7,234
91.2
24,211
2,309
6
2,184
20, 841
20,572
24, 211
15,466
12, 580
4,557
7,432
91.0
24,192
2,312
6
2,184
20, 822
20, 569
24,192
15, 213
13,140
3,828
7,669
91.0
24,353
2,361
3
2,254
20, 764
20,504
24, 353
14,678
12,450
3,085
8,192
90.8
24,288
2,369
2,243
20,902
20, 533
24, 288
14,715
12,927
3,347
8,303
90.8
r
a
Revised.
p Preliminary.
Less than $500,000.
•None held by Federal Reserve banks.
^Construction wage rates as of March 1, 1942: common labor, $0,780; skilled labor, $1.54.
§Figures for special types of public assistance and general relief exclude the cost of hospitalization and burial. The cost of medical care is also excluded beginning Septem ber 1940; this item is included in all earlier data on general relief and in figures for July 1937-August 1940 on special types of assistance.
c?To avoid duplication these loans are excluded from the totals.
jRevised series. Total public assistance and "other Federal agency projects financed from emergency funds" revised to exclude earnings on regular Federal construction
projects and also on projects financed from Reconstruction Finance Corporation funds; revised data beginning January 1933 will appear in a subsequent issue. For revisions
in data on emergency crop loans published in the Survey prior to the September 1940 issue, see note marked " t " on p. 76 of the February 1941 Survey.
*New series. For data beginning 1933 for old-age assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Feceral construction projects
beginning January 1933 will appear in a later issue.
S-14
SURVEY OF CURRENT BUSINESS
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
1942
February
April 1942
1941
March
April
May
June
September
July
October
1942
Novem- Decem- Januber
ber
ary
FINANCE—Continued
BANKING-Continued
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand adjusted
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
- mil. of doL
States and political subdivisions do
United States Government
_ _do _
Time except interbank, total
do
Individuals, partnerships, and corporations
mil. ofdoLStates and political subdivisions-__do
Interbank, domestic
.
do _
Investments, total
do .
U. S. Govt. direct obligations, total-.do
Bills
--.do
Bonds
--.
do
Notes
do
Obligations guaranteed by U. S. Government
_ _ _ . _ . - mil. of dol_
Other securities
- do
Loans total
_ . . do .
Commerc'l, indust'l, and agricult'L.-do
Open market paper
_ _ -do
To brokers and dealers in securities. _do
Other loans for purchasing or carrying
securities
mil. of dol
Real estate loans
do
Loans to banks
_
.
do
Other loans
do
[installment loans to consumers:*
By credit unions:
Loans made
do
Repayments .
.-.do
Amount outstanding, end of month..do
By industrial banking companies:
Loans made
do
Repayments
_
do
Amount outstanding, end of month..do
By personalfinancecompanies:
Loans made
do
Repayments
. do
Amount outstanding, end of month..do
Money and interest rates :§
Bank rates to customers:
New York City
.....percent..
7 othpr Tiorthpm and p&stprn cities
do
24,712
23,431
23, 093
23,712
24, 311
23, 949
24, 544
24,349
24, 277
24, 258
24,324
23, 650
24,747
24 595
1J804
1,671
5,205
22, 812
1,820
332
5,478
22, 518
1,747
396
5,465
23,173
1,903
386
5,476
23, 612
1,870
390
5,449
23, 667
1,604
463
5,443
24,029
1,750
470
5,444
23,719
1,876
591
5,445
23,894
1,906
580
5,448
23, 662
1,889
653
5,459
23,814
1,780
826
5,410
23,993
1,721
1,475
5,368
24, 206
1,820
1,451
5,259
5 005
180
9 033
19, 551
13.132
1 206
9 589
2 337
5,273
179
9,253
16, 955
10, 334
727
7,052
2,555
5,269
171
9,343
17,124
10, 578
742
7,653
2,183
5,269
181
9,043
17, 680
10,812
869
7,753
2,190
5,240
183
9,220
17, 689
10,974
929
7,833
2,212
5,243
174
9,272
17, 872
11,255
1,080
7,929
2,246
5,260
158
9,078
18,199
11, 279
1, 074
7,952
2,253
5,268
156
9,355
18, 335
11,251
1,019
7,949
2,283
5,267
160
9,669
18,101
10,982
785
7,917
2,280
5,285
153
9,357
18, 379
11,318
797
8,277
2,244
5,232
155
9,405
18,432
11, 860
990
8,342
2,528
5,172
173
9,040
18,715
12,085
883
8,667
2,535
5,058
181
9,088
19, 087
12, 689
1,240
9,087
2,362
2 723
3 696
11 392
6,902
422
471
2,766
3,855
9,495
5,227
319
478
2,753
3,793
9,828
5.465
347
504
3,115
3,753
9,870
5,532
354
465
3,022
3,693
10, 226
5,673
367
571
3,038
3,579
10,453
5,897
371
529
3,309
3, 611
10, 572
6,047
388
478
3,316
3,768
10,903
6,222
397
607
3,319
3,800
11.024
6,447
397
494
3,330
3,731
11, 203
6,554
419
531
2,922
3,650
11, 259
6,593
428
548
2,964
3,666
11, 370
' 6, 722
423
T
535
2,709
3,689
11, 255
6,778
424
448
410
1 250
455
1,232
454
1,228
445
1,235
451
1,239
453
1,244
439
1,253
436
1,256
428
1,257
427
1,256
42
431
1,265
43
45
409
1,248
40
39
422
1, 259
40
37
38
35
37
37
36
52
r
1 900
1,748
1,778
1,799
1,883
1,919
1,924
1,940
1,962
1,966
1,969
' 1,974
1,911
18 6
25 6
192.4
26.4
24.4
190.0
31.8
26.4
195.4
34.3
26.5
203.2
35.3
28.3
210.2
32.7
26.8
216.1
30.8
27.1
219.8
29.6
27.0
222.4
24.0
25.9
220.5
25.2
28.0
217.7
23.0
26.2
214.5
25.0
28.1
211.4
17.9
29.9
199.4
34 8
39 7
285.0
42.4
42.4
288.3
50.7
47.5
291.5
51.6
46.6
296.5
52.5
47.5
301.5
51.8
47.0
306.3
49.5
46.7
309.1
46.1
46.1
309.1
38.4
42.4
305.1
43.0
45.1
303.0
40.8
44.1
300.3
44.9
47.6
297.6
r
38.4
r
46.0
' 289.9
64.6
70 6
525.6
67.0
69.0
501.5
84.9
80.3
506.1
88.9
81.0
514.0
85.3
80.0
519.3
87.0
79.3
527.0
85.0
80.9
531.1
86.2
81.3
536.0
68.5
74.5
530.0
76.3
79.3
527.0
81.6
80.9
527.7
103.6
93.4
537.9
66.0
72.3
531.6
2.06
2.53
1.95
2 58
1.98
2.62
1.88
2.46
3.25
3.29
2.99
3.23
11 southern and western cities
. do
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Discount rate (N. Y. F. R. Bank)
do
1 00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
Federal land bank loans
do
4.00
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
Federal intermediate credit bank loans.do
1.50
Open market rates, N. Y. C :
Prevailing rate:
Acceptances, prime, bankers, 90 days
Me
percent. _
Me
Me
Me
Me
Me
Me
Me
Mo
Me
Com'l paper, prime, 4-6 months—do
H-5A
H
H
fc-H
Time loans, 90 days (N. Y. S. E.)..do—.
m
m
1H
m
lU
11
*
1H
1H
Average rate:
m 1.00
m
m
1.00
Call loans, renewal (N. Y. S. E.)...do
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
.089
.055
U. S. Treasury bills, 3-mo.*
do
.108
.298
.092
.097
.089
.082
.034
.250
.242
.049
.214
Average yield, U. S. Treasury notes, 3-5 yrs.:
.50
.34
.57
.33
.41
.64
.47
.52
.37
.38
.44
.55
Tax-exempt
percent..
.44
.84
.72
.90
1.02
.96
.68
.67
.81
.81
Taxable*
..do
93
.62
.62
.72
Savings deposits:
Savings banks in New York State:
5,661
5,555
5,541
5,555
5,554
5,549
5,575
5,433
5,627
5,628
5,604
5,652
Amount due depositors
mil. of dol
5,401
U. S. Postal Savings:
1,320
1,324
1,314
1,311
1,317
1,309
1,309
1,317
1,304
1,307
1,310
1,318
Balance to credit of depositors
do
1,307
24
31
33
30
30
30
29
28
28
27
27
26
23
Balance on deposit in banks
-- do
COMMERCIAL FAILURESf
842
898
962
908
970
1,149
809
1,129
1,119
954
1,211
Grand total
number
735
916
58
46
38
62
53
40
35
40
36
46
29
66
59
Commercial service, total
do _
60
39
63
51
59
65
70
63
57
Construction, total
.
do
51
76
57
58
188
123
138
167
146
166
165
159
191
166
182
181
Manufacturing and mining, total
do
141
12
5
3
4
4
3
9
8
4
4
7
6
Mining (coal, oil, miscellaneous)
do
5
10
7
8
15
11
5
4
8
8
6
7
4
Chemicals and allied products
do . . .
8
39
42
39
39
25
46
36
44
25
39
25
36
Food and kindred products
do
31
5
7
4
4
8
1
6
7
5
5
3
5
Iron and steel products
do
5
3
5
6
12
5
5
4
7
10
5
6
5
Leather and leather products.
..do
22
11
18
12
10
19
18
24
11
22
13
Lumber and products
_ do
6
7
8
5
7
7
13
15
5
3
8
Machinery
do
14
18
4
15
18
13
14
19
19
14
13
13
15
Paper, printing, and publishing
do
3
4
3
3
3
3
1
6
4
6
2
2
Stone, clay, and glass products
do
42
35
17
33
31
23
34
36
48
52
42
24
44
Textile-mill products and apparel
do
1
1
2
2
2
2
3
3
3
5
2
2
24
31
21
12
19
15
25
30
25
20
15
30
23
Miscellaneous
-.
do
800
460
516
529
6O4
540
570
585
745
619
735
719
589
Retail trade, total
do
57
67
69
87
105
74
81
108
98
100
104
70
81
Wholesale trade, total
do
9,197
7,333
13, 422
9,449
9,91 6
11,134
9,393
13,469
Liabilities, grand total
thous. of dol.. 9,631 13, 483 13,444 13, 827 10,065
448
358
58g
500
573
401
647
927
Commercial service, total
__do . .
855
552
672
447
863
618
594
577
765
684
913
1,120
1,072
1,732
851
1,161
836
920
Construction, total
do
r
Revised.
i Rate negative. §For bond yields see p. S-18.
t Revised series. For data beginning January 1940 and an explanation of the revision, see p. 32 of the March 1941 Survey. For previous revision of 1939 data, see p. 31 of the
March 1940 Survey.
*New series. For data beginning 1929 for industrial banking companies, personalfinancecompanies and credit unions, respectively, see table 35, p. 18 of the September
1940 Survey, table 25, p. 26 of the September 1941 Survey, and table 27, p. 26 of the October 1941 issue. The series on 3-months' bills of the U. S. Treasury represents the rate
on new issues offered within the month, tax-exempt bills prior to March 1941, taxable thereafter; earlier data will be published in a subsequent issue. Earlier data for the series
on taxable Treasury notes, are as follows: December 1940, 0.65: January 1941, 0.76.
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
S-15
SURVEY OF CURRENT BUSINESS
April 1942
1942
February
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
FINANCE—Continued
COMMERCIAL FAILURESf— Continued
Liabilities—Continued.
Manufacturing and mining, total..thous. of dol
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products
do
Food and kindred products
do
Iron and steel and products
do
Leather and leather products
"
Lumber and products
Machinery
Paper, printing, and publishing
Stone, clay, and glass products
Textile-mill products and apparel
Transportation equipment
Miscellaneous
do...
Retail trade, total
do...
Wholesale trade, total
do-._
319
22
455
4, 232
1,027
172
1,052
354
127
765
503
185
24
600
619
1,288
4. 501
1,611
3, 647
394
78
1,051
215
56
282
85
523
25
359
119
460
6,128
2,049
4,421
202
103
1, 493
257
20
451
271
240
250
434
55
645
3, 970
3,743
2,777
104
19
807
93
110
215
119
168
95
712
175
160
4, 765
963
3,155
157
82
451
88
188
201
113
251
16
1,030
328
250
3, 591
1,618
6,698
429
55
731
126
72
597
346
584
272
562
36
2,888
3, 579
1,573
3,799
56
61
1,503
280
314
165
95
712
55
357
45
156
3,492
1,439
26, 928
5,047
672
4,375
1,474
2,228
25,400
4,727
665
4, 062
1,643
2,371
25, 551
4,744
663
4,081
1, 632
2, 358
25, 655
4, 759
666
4,093
1,618
2,347
25, 752
4,778
669
4,109
1, 607
2,335
25, 888
4,796
673
4,123
1, 605
2,325
26,002
4,820
674
4,146
1, 593
2,312
16, 706
7,816
5,981
4,304
2,680
1,906
884
589
14, 971
6, 744
4,910
3,794
2,717
.1,716
1,166
522
15,116
6, 778
4,943
3, 879
2,719
1,740
1,144
557
15,185
6,792
4,961
3,931
2,717
1,745
1,192
554
15,243
6, 788
4,982
3,965
2,720
1,770
1,201
588
15, 418
6,914
5,082
3,972
2,711
1,821
1,202
542
677
32
418
227
650, 649
50, 231
126, 492
726
30
464
231
588,359
43,240
136,166
408, 953
264,175
23, 640
15, 932
56, 279
168, 324
816
43
514
259
646,196
41,992
148,978
455, 226
280,753
26,494
13, 561
62, 514
178,184
784
24
502
259
661, 627
51,096
147,462
463,069
261,495
21,414
12, 965
61, 977
165,139
809
34
516
259
657, 027
46, 765
151,391
458,871
265.108
25, 389
14,142
56, 964
168, 613
736
32
459
246
648,144
' 62, 997
135,633
449,534
272,173
29, 859
12,519
61,120
168, 675
537, 557
46, 549
148, 981
126,136
49,509
50, 217
20,201
39, 829
12, 481
43, 654
598, 217
46, 533
160,635
138, 612
54, 634
59, 030
25,156
47. 986
14,517
51,114
597, 203 604,162 594,164 582,292 581,171 581, 998 658, 339 581. 692 879, 492 1,001,653
83,056
47, 503 49, 078 47,099 47, 531 44, 850 45, 204 51,195 46', 258 66, 292
161,810 161,514 154, 975 153,032 147,610 148, 781 181,013 158,819 251,633 309, 292
136, 931 140,480 134,008 132, 766 131,895 131,367 152,179 135, 360 196, 569 220,739
87, 332
56, 020 57, 076 55, 069 56,182
52, 792 79, 864
59,526
55, 746 55,457
61,160
91, 272
60,599
57. 874 90,218
63, 413 57, 946 61,535
66,130
61,115
24,524 26. 792 23, 347 24, 233 26, 556 24,845
24,583
38, 273
23, 383 34,154
43, 591 41,650 45, 385 43,173
67, 602
44, 993 43,619 45, 507 40, 553 64, 976
15, 854 15, 692 15, 355 15,110
21, 694
16, 507 13, 910 20,480
15, 624 15,337
50,312 52, 988 52,068
82, 393
53, 205 54, 685 54, 562 61,437 52, 743 75, 306
87
87
2,525
182
73
470
116
119
456
66
214
33
5,983
294
4,189
99
185
2, 262
66
37
342
477
103
17
167
427
3,239
924
2,879
146
73
1,027
128
117
333
229
142
28
238
269
149
2,790
729
3,827
328
226
763
84
63
366
203
562
83
528
56
565
3,472
832
1,377
4,323
1,471
3,550
184
200
1, 378
173
99
176
51
70
4
615
100
500
3,641
1.285
26,106
4,851
721
4,130
1.585
2,302
26, 245
4,882
678
4,204
1,575
2,293
26, 376
4,924
677
4,247
1,558
2,281
26, 508
4, 959
675
4,284
1,541
2,271
26, 662
5,012
675
4,337
1,488
2,255
26, 817
5,023
671
4,352
1,483
2,241
15,582
6, 987
5,157
4,043
2,737
1,815
1,171
524
15,718
7,047
5,191
4,068
2,748
1,855
1,120
530
15,814
7,092
5,233
4,108
2,747
1,867
1,139
542
16,265
7,391
5,546
4,224
2,763
1,887
815
533
16, 368
7,439
5,603
4,238
2, 755
1,936
828
541
16, 641
7,743
5,908
4,255
2, 682
1,961
681
r
585
16, 528
7,613
5,779
4,309
2,687
1,919
955
587
729
49
438
243
660,125
82,909
128, 783
448, 433
271,482
33,693
13,782
52, 341
171, 666
729
42
450
237
645, 046
71, 689
131, 329
442,028
245,173
20,732
13,149
56,423
154,869
738
62
431
245
699, 549
130,229
128, 493
440, 827
251, 887
21,478
13, 828
60,842
155, 739
820
42
499
279
730,327
74, 794
148, 388
507,145
261, 865
22, 840
14,637
55, 685
168, 703
759
38
470
251
681, 479
89, 360
141,349
450,770
247, 966
23, 670
11, 949
53,168
159,179
1,193
246
598
349
,141,316
298, 817
186,190
656, 309
414,137
90,148
24, 757
84, 397
214,835
770
33
404
334
955, 353
49, 076
119,820
786,457
295,827
38, 921
17,842
61, 281
177, 783
5, 651
577
254
547
553
159
238
780
206
81
877
2
LIFE INSURANCE
Association of Life Insurance Presidents:
Assets, admitted, totalj
mil. of dol..
Mortgage loans, total
do
Farm
do
Other
do-.-.
Real-estate holdings
do
Policy loans and premium notes
do
Bonds and stocksheld (book value), total
mil. of dol..
Gov't. (domestic and foreign), total-do—
U. S. Government
do
Public utility
do
Railroad
do
Other
do.__.
Cash
do
Other admitted assets.
do
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.-.
Premium collections, total®
do
Annuities
do
Group
do
Industrial
do
Ordinary
do
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
do
New England
do
Middle Atlantic
do
East North Central
do
West North Central
do,__.
South Atlantic
do.__.
East South Central
do__..
West South Central
do
Mountain
do
Pacific
do
Lapse rates
1925-26=100..
473,
926
634,538
51, 310
175,355
141.939
60,218
60. 754
24, 742
44, 577
15, 345
60,298
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper pcso._
.298
.298
.298
.298
.298
.298
.298
.298
.298
.061
Brazil, official
dol. per milreis
. 061
.061
.061
.061
.061
.061
.061
.061
.061
. 061
.302
British India
dol. per rupee..
.301
.302
.301
.301
.301
.301
.301
.301
.301
.301
.886
Canada
dol. per Canadian doL.
.884
.888
.891
.850
.837
.877
.882
.883
.890
.874
.570
Colombia
dol. per peso..
.570
.570
.570
.570
.570
.570
.570
.570
.570
.570
.205
Mexico
do
.206
.206
.205
.205
.205
.205
.205
.205
.205
.205
4.034
4.035
4.033
United Kingdom
dol. per £ . .
4. 033
4.032
4.030
4.025
4.032
4.032
4.032
4.031
Gold:
22, 785
22, 800
Monetary stock, U. S
mil. of dol_. 22, 705
22, 232
22, 367
22, 761
22, 506 22, 575 22, 624 22, 675
22, 719
Movement, foreign:
213 -10,494 - 3 , 846
Net release from earmark* _ -thous. of dol_. -109,27^ - 4 6 , 1 5 3
3,980 - 2 7 , 7 2 8 - 3 1 , 202 - 4 6 , 786 -32,231 -60, 913
3
3
6
5
Exports
.
do
6
13
7
5
(a)
40, 444
65, 707
108,615 118, 569 171, 994
36,979
Imports
do
34, 835 30, 719 37,055
()
Production, estimated world total, outside
107,835
100, 450 106, 365 105, 525 105,140 105,875 109,970 ' 108, 535 109,935 111,265
U. S. S. R
thous. of dol__
84, 490
89, 944
88, 966 88, 525 v 89, 308 p 93,165 p 92, 043 P 93, 442 P 94, 691 p 91,375
Reported monthly, totalJ
do
44,411
47, 089
46,292
Africa
do
47. 686 p 46,154 p 48,027 P 47,402 P 47,102 p 48, 024 p 46, 770
15, 499
15,629
16,141
* 14, 446
15, 578
15, 384 15,721
15, 890 15,983
Canada.-.
do
16, 353
19, 740
15, 949
?15,334
18, 781
United States
do
17,413
20, 807
16, 340 15,948
16, 395 18, 463
Receipts at mint, domestic (unrefined)
fine ounces.. 134, 028 233,065 275, 091 292, 251 254,137 255, 262 358, 603 322, 506 385, 350 338, 233 324,135
10, 640
8,924
10, 364
Currency in circulation, total
mil. of dol.. 11,485
9,612
10,163
9,071
9,732
9,995
8,781
9,357
Silver:
70
817
Exports
thous. of doL.
1,048
1,212
348
210
353
207
615
3, 292
4,221
Imports
do
4,489
3, 356
4,346
4,099
4, 686
3,561
3,347
()
.351
.348
Price at New York
dol. perfineoz...
.348
.348
.348
.348
.348
.348
.348
.348
.348
20,444
Production, world
thous. offineoz__
22, 774 22,394
23, 208
21, 808
22, 607
20, 359 23, 214 22, 763
1,681
1,640
Canada§
do
1,802
1,357
1, 852
2, 058
1,625
1,484
1,902
1,660
5,973
4,429
Mexico
do
6,339
7,792
6,726
8,062
6,944
7,152
6,556
3, 769
5,087
United States
do
6, 445
4,631
6,009
6,310
5,047
5,620
5,843
6,277
6,465
Stocks, refinery, end of month:
United States
do
2,739
2,382
1,340
1,231
1,036
1,619
2,324
2,235
2,803
2,181
r
Revised.
p Preliminary.
< Publication of data discontinued.
»
• Or increase in earmarked gold (—).
J36 companies having 82 percent of total assets of all United States legal reserve companies.
<> 39 companies having 81 percent of total life insurance outstanding in all United States legal reserve companies.
g
T See note marked "\" on p. S-15 of the February 1942 Survey in regard to changes that have affected the comparability of the data.
§ Data reported by the Canadian Government; see note marked " § " on p. 33 of the June 1941 Survey.
.298
.061
.301
.874
.570
.206
4.035
.298
.061
.301
.878
.570
.206
4.035
22, 737
22, 747
-99, 705 - 3 8 , 506
p 88,
p 47,
r 14,
16,
305
399 p 47, 449
746
14,198
700
14, 982
237, 660
11,160
235,571
11,175
1 722
5 661
4 844
1 947
4 382
S-16
SURVEY OF CURRENT BUSINESS
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
1941
1942
February
April 1942
February
March
April
June
May
July
1942
August
September
October
Novem- December
ber
January
FIN AN C E—Continued
PROFITS AND DIVIDENDS
Industrial corporations (Board of Governors of
the Federal Reserve System): *
Net profits, total (629 cos.)
mil. of doL.
Iron and steel (47 cos.)
do
Machinery (69 cos.)
do
Automobiles (15 cos.)
do
Other transportation equipment (68 cos.)
mil. of dol._
Nonferrous metals and products (77 cos.)
mil. of dol__
Other durable goods (75 cos.)
do
Foods, beverages, and tobacco (49 cos.). do
Oil producing and refining (45 cos.)..do
Industrial chemicals (30 cos.)
do
Other nondurable goods (80 cos.)
do
Miscellaneous services (74 cos.)
do
Profits and dividends (152 cos.):
Net profits
do
Dividends:
Preferred
do
Common
do
Public utilities, except steam railways and telephone companies, net income (52'cos.) (Federal Reserve Bank of New York) _mil. of dol._
Railways, Class I, net income (Interstate Commerce Commission)
mil. of doL_
Telephones, net operating income (91 cos.)
(Federal Communications C o m m i s sion)
mil. of doL_
Corporate earnings (Standard and Poor's):
Combined index, unadjusted*
1926=100..
Industrials (119 cos.)
do
Railroads (class I ) #
do
Utilities (13 cos.)
do
510
86
44
79
549
84
48
73
560
81
46
60
53
56
36
28
43
42
53
48
36
38
30
44
56
52
49
46
286
297
284
22
153
23
165
v 62
56
39
23
36
29
49
44
29
P55
P59
23
170
61.3
53. C
69.9
103.5
Ml
P30
P42
P53
v 52
v 48
24
221
39.8
138.4
188.4
59.'
.|
58.6
107. 7
113.5
40.9
p 149. 3
v 108. 3
59.9
139.6
72.3
p 116. 2
v 121. 1
P83. 0
v 126. 2
107. 9
p 106. 3
112.6
v 109.3
P
PUBLIC FINANCE (FEDERAL)
War programs in the United States, cumulative
totals from J u n e 1940: *
mil. of d o l . . P 1 1 3 , 0 5 9
40,838
24,940
39,418
34,932
Commitments
do
v 85,931
20,040
27, 889
24,035
22,613
Cash expenditures
. do
v 22,71
4,702
6, 589
7, 562
5, 660
D e b t , gross, end of m o n t h
do
62,381
47, 236
47, 737
46,117
47,176
Public issues:
Interest bearing
do
54,705
41,342
40,028
40,972
40,901
Noninterest bearing
do
486
554
561
557
593
Special issues t o government agencies a n d
t r u s t funds
mil. of doL _ 7,190
5,534
5,707
5,683
Obligations fully guaranteed b y U . S. Gov't:
Total a m o u n t outstandingcTf
mil. of dol__
5,673
6, 359
5,901
6, 550
5, 905
B y agencies: d"
Federal F a r m Mortgage Corp
do
937
1,269
1, 269
1,269
1,269
H o m e Owners' Loan Corporation f.do
2,409
2, 600
2,409
2, 600
2, 600
Reconstruction Finance Corp
do
1 , 492
1,097
1,741
1,741
1,097
Expenditures, totalf
thous. of d o L . 2,629,839 1,077,438 1,400,675 1,316,452 1,142,207
National defense*
do
2,201,081 584, 040 748,345 763,061 836, 881
Agricultural adjustment program*
do
j '96.930
87,106
27, 295
60,866
89.814
Unemployment relief*
do
92, 262 137, 740 159,068 147, 843 145, 432
Transfers to t r u s t account!
do
9,360
28, 625
28, 075
11,580
22, 550
Interest on debt*
do
I 12,136
20,507 150,211
73, 335
11, 503
D e b t retirements
do
! 1,070
2,122
1,171
1,335
1, 539
All other*
do
j 217,000 217, 299 229,148 242,100 108,181
Receipts, total
do
i 937,281 673,690 1,566,871 602. 443 541,159
Receipts, net*
do
j 757,976 541,352 1,566,408 565,418 393, 683
Customs
do
j 27, 284
31,630
39, 950
49,197
41, 060
Internal revenue, total
do
879,41
502, 046 1,513,017 362, 005 482, 858
Income taxesf
do
282, 506 104,408 11,207,513
74, 881
63, 271
Social security taxes
do
256,955 193,379
34,131
43,053
165, 204
Government corporations a n d credit agencies:
Assets, except interagency, t o t a l . _mil. of d o L .
12,676
13,282
13,108
12,909
Loans and preferred stock, total
do
8, 614
8, 796
8, 800
8, 681
Loans to financial institutions (incl. preferred stock)
mil. of dol__
1,136
1,099
1,103
1,115
Loans to railroads
do
505
523
523
518
Home and housing mortgage loans - -do
2, 395
2,436
2,427
2,406
F a r m mortgage a n d other agricultural
loans
mil. of dol_.
3,212
3,334
3,288
3. 251
All other
do
1, 352
1,472
1,409
1,386
U. S. obligations, direct a n d fully guaranteed
mil. of d o L .
863
905
897
880
Business property
do
600
623
608
602
P r o p e r t y held for sale
do
1,206
1,392
1,297
1, 245
All other assets
do
1,392
1,389
1,685
1,501
Liabilities, other t h a n interagency, total
mil. of dol._
8,592
9,297
8,696
9,377
Bonds, notes, a n d debentures:
Guaranteed b y t h e U. S
do
5,914
6.371
5,916
6, 560
Other
do
1,386
1,434
1,385
1,390
Other liabilities, including reserves._.do
1,292
1,492
1,391
1,432
Privately owned interests
do I
418
421
423
422
Proprietary interests of t h e U . S. Government
mil. of dol.,
3,666 I 3,792
3,484 I 3,388
40,861 I 52,508
31,587
35,548
8, 536
9, 643
48, 979
49, 540
Program J
T
42, 285
574
42,669
548
60, 918
39, 650
10,928
50,936
61, 663
44, 284
12,436
51,371
68, 207
49, 619
14,184
53, 608
68, 373
51,441
15,795
55, 066
80, 604
56, 625
17,965
57, 938
v 97, 768
•p 65,039
20,262
60,012
43,916
44,157
46,401
544
47, 755
504
50, 466
52, 468
481
550
6,120
6,324
6,470
556
487
6,806
6,658
6,982
7,063
6,930
6,316
1,075
497
2,427
1,074
484
2,413
1,072 !
483 I
2,401 I
1,114
498
2,424
1,079
497
2,430
3,152
1,690
3,128
1,738
3,105
1,957
3,112 I
1,933 I
3,134
1,996
3,123
1, 934
947
653
1, 567
1,930
967
664
1, 625
1,800
968
671
1,710
1,862
1,015
689
1,805
1,911
1,021
698
1,879
1,980
999
714
1,891
1,889
1, 027
751
1,964
2,104
5,673
6,314
6,929
6, 928
1,269
1,269
1,269
937
1,269
1,269
1,269
1,269
2,409
2,409
2,409
2,409
2,409
2,409
2,409
2.409
2,101
1,802
2,101
1,492
1,741
1,802 2,630,968
2,101 2,089,336 1,860,445
2,101
1.545.602 1,600,253
811,995 959, 880 1,563,712 1,882,011 1,527,001 1,436,699 2,557,103 12,100,754
1,846,555 1 106,251
57, 865
I 44,232 1,124,095 1,319,955
71, 820
22, 025
32, 456 109,414
26,764
93, 564
95, 347 112, 840
134,776 132,075
45,010
41, 540
9,750 114,805
9, 565 168,554 105, 707 108,493
8,750
6,200
14,311
74, 604
31,737
15,490
339, 431 I 24,828
169, 359
8, 556
6,710
2, 654
3,270
2,740 232,446
17.128
15, 553 253, 851
7,951 268,731 228,600
34, 223
210,681 268, 029
455, 556 250, 054 237, 599 488, 758 730,198 226,154 614,084
1,277,092
1,214,417
553, 833 1,136,079
1,276,009 412.942 396,510 1,134,914 445, 293 563, 949 1,212,303 577, 647
34, 040
35,187
36, 743
29, 967
38,217
32, 926
36,114 431, 294 682, 682
34, 511
555, 031
1,211,087 399, 783 500,132 1,076,506
1,159,387 133, 469
68, 308
83, 668
66, 229
916.170
779, 917
58, 674
47, 926
48,910 180, 561 767,098
52, 576
31,817
41,376
37,197
172,696
14, 452
14,580 ! 14,660 I 14,908
14,076
13,277 ! 13,853
13, 882
9,001 | 9,167 i 9,063
9,033
8,804 I 8,756
8,826
8,864
6,360
6,930
1,115
505
2,445
1,101
497
2,413
1,076
497
2,413
3,227
1,511
3,191
1,553
925
636
1,497
1,415
;
j
\
j
9,417 I 10,142
;
10,123
10,231
10,306
9, 690
9,765
9,219
6,370
1,443
1, 604
424
6,939
1,442
1, 761
425
6,937
1,445
1,741
6,937
1,434
1,859
427
6 938
1 416
1 952
428
6, 324
1, 393
1? 974
430
6,324
1,392
2,049
431
5, 7U5
1,402
2,111
432
3,436
3,286
3,333 i
3,418 |
3,718 '
4,459 ,
4,464
5, 256
426
Revised.
r> Preliminary.
• N u m b e r of companies varies slightly.
c? T h e total includes guaranteed debentures of certain agencies not shown separately.
J F e b r u a r y 1942 figures do not include $5,573,000,000, Naval Supply Bill, fiscal year 1943, approved February 7, 1942, b u t not legally available until July 1, 1942.
f Revised series. D a t a for total obligations guaranteed b y t h e United States and for t h e H o m e Owners' Loan Corporation have been revised beginning September 193y
to exclude m a t u r e d debt; earlier data shown in the Survey similarly exclude matured debt.
For revised series under receipts and expenditures see note marked " * " on this page.
* N e w series. T h e new series on profits and dividends of industrial corporations of t h e Board of Governors of t h e Federal Reserve System have been substituted for t h e
Federal Reserve B a n k of N e w York's series. For a description of t h e series a n d earlier data see table 10, p . 21 of this issue. For explanation of t h e new series on t h e w a r
program a n d earlier data see table 9, p . 21 of this issue. N e t receipts represent total receipts less social security employment taxes which, beginning July 1940, are appropriated
directly to t h e Federal old-age a n d survivors insurance trust funds and do not appear as transfers to this fund under expenditures, as formerly; earlier data on net receipts and
revised data on income taxes appear in table 50, p . 18 of the November 1940 Survey, while earlier data for expenditures and transfers to trust accounts, revised to exclude transfers to t h e old-age and survivors insurance trust fund, and data for the new items under expenditures are shown in table 31, p . 23 of the November 1941 Survey.
S-17
SUEVEY OF CURRENT BUSINESS
April 1942
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
1941
1942
February
February
March
April
June
May
July
1942
August
September
October
Novem- December
ber
January
FINANCE—Continued
I
PUBLIC FINANCE (FEDERAL)—Con.
Reconstruction Finance Corporation, loans outstanding, end of month :f
Grand totalf
thous. of dol__ 3,166,909
Section 5, as amended, total
do
729, 730
Banks and trust companies, including
receivers
thous. of dol_- 69,117
Building and loan associations
do
5,817
Insurance companies
do
752
Mortgage loan companies
do
190, 490
Railroads, including receivers
do
462, 426
All other under Section 5
do
1,128
Emerg. Rel. and Constr. Apt, as amended:
Self-liquidating projects (including financing repairs)
thous. of dol__ 17, 515
Financing of exports of agricultural surpluses
thous. of dol__
0
Financing of agricultural commodities
and livestock
thous. of doL_
431
Loans to business enterprises (including
participations)
thous. of doL. 146, 360
National defense under the Act of June 25,
1940*
thous. of doL. 993, 473
Total, Bank Conservation Act, as amended
thous. of doL- 416, 380
Drainage, levee, irrigation, etc
do
72, 051
Other loans and authorizations!
do
790, 967
1,982,357 2,019,992 2,088,763 2,152,711 2,230,358 2,363,687 2,541,142 2,820,257 2,880,470
773, 899 771, 727 752, 300 751, 305 740, 224 737, 864 738,058 725, 550 723, 604
!,938,413 2,988,673
734,171 725, 943
108, 771
4,262
1,790
169,027
481, 977
2,753
105, 808
4,368
1,742
172, 452
486, 877
2,652
102, 702
4,813
1,722
173,118
486, 938
2,435
99, 304
4,594
1,696
174, 640
469, 658
2,408
96, 702
4,356
1,669
176, 579
469, 634
2,365
92, 938
3,918
1,628
177, 864
461, 567
2,308
89, 787
3, 574
1,551
180, 517
460, 953
1,482
3,370
1,532
182, 787
460,813
1,469
85, 310
3,266
1,389
186, 389
447, 771
1,425
3,161
1,365
187,185
447, 510
1,398
79, 887
3,161
830
186, 483
462, 496
1,315
69, 463
2,897
795
189, 837
461, 792
1,158
19, 443
18, 644
18, 615
18, 550
18, 490
18, 291
18,124
18,085
17, 737
17, 671
17, 578
17, 527
47
47
47
47
47
47
47
47
47
0
0
0
443
443
443
439
439
437
437
436
434
434
434
431
117, 464
115, 827
114, 478
154, 305
151, 733
150, 462
149, 603
147, 422
142, 618
145, 654
152, 385
148, 591
93, 912
137,171
188, 244
239,194
306, 243
355, 741
409,626
567,097
694,087
785, 226
784, 396
853,203
468, 853
82, 897
388, 378
463, 248
83,161
389, 260
460, 313
75, 859
390, 389
458, 471
74, 497
391,090
455,198
78, 622
390,766
451, 429
78, 626
435,102
435, 828
77, 243
534,915
433, 238
76, 962
559, 797
431, 335
74, 343
734,106
429, 898
74,044
703, 940
426, 741
72, 814
749, 896
421,132
72, 068
749, 777
343
1,107
950
1,411 |
635
1, 087
718
2,319
1,345
935
10
1,389
18
4
619
12
4
1,051
32
4
712
4
2
439
14
5
1,820
4
54
i 429
12 !
2,285
21
14
1,290
37
17
117
55
33
23
5
970
916
54
0
0
408
60
318
24
6
310
266
43
0
172
25
103
43
1
285
232
51
0
2
227
76
81
26
45
1,651
1,584
64
0
2
140
73
58
1
8
1
309
i 233
74
0
1
128
39
52
28
9
2,192
2,131
60
0
164
44
109
10
1
1,181
1,061
118
0
2
224
137
SECURITIES ISSUED
(Securities and Exchange Commission)*
Estimated gross proceeds, total
mil. of doL.
By types of security:
Bonds, notes, and debentures
do
Preferred stock
do
Common stock
do
By types of issuers:
Corporate, total
do
Industrial
do
Public utility
do
Rail
do
Other
do
Non-corporate, total
do
U. S. Government and agencies
do
State and municipal
do
Foreign Government
do
Non-profit agencies
do
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New money, total
do
Plant and equipment
do
Working capital
do
Repayment of debt and retirement of
stock, total
mil. of dol._
Funded debt
do
Other debt
do
Preferred stock
do
Other purposes
do
Proposed uses of proceeds by major groups:
Industrial, total net proceeds,.mil. of dol_.
New money
do
Repayment of debt and retirement of
stock
mil. of dol_.
Public utility, total net proceeds.--do
New money
do
Repayment of debt and retirement of
stock
mil. of dol__
Railroad, total net proceeds
do
New money
do
Repayment of debt and retirement of
stock
mil. of doL.
Other corporate, total net proceeds-do
New money
do
Repayment of debt and retirement of
stock
mil. of dol__
{Commercial and Financial
33
4
1,878
151
20
38
72
20
192
116
65
0
12
268
73
186
8
1
839
653
180
4
3
145
68
71
2
4
805
702
102
0
2
1,146 !
1,032
113
0
1
234
63
112
59
0
401
315
85
0
1
148
263
142
259
229
114
404
170
125 |
161
30
25
5
67
55
12
27
18
80
69
11
41
31
10
185
168
17
31
20
11
91
64
26 |
51
34
17
71
38
33
103
101
2
15
194
171
15
8
2
113
90
2
21
2
214
198
14
2
5
139
135
2
2
128 '
117
11
1
5
57
44
3
10
17
80
9
0
20
7
71
17
69
15
13
37
1
52
184
46
54
144
6
36
71
21
137
8
3
138
45
45
50
20
1
5
1
1
(a)
(a)
265
71
147
47 !
66 I
51
15 !
192
i
(a)
148
127
16
(a)
(a)
(a)
(a)
(a)
(a)
(a)
24
17
74
48
71
29
38 I
40
110
41
316
142
102
6
23
80
11
42
56
45
15
51
3
0
107
18
101
58
51
173
24
24
97
42
7
67
25
21
11
1
1
37
28
28
80
10
10
35
1
1
4
44
10
0
8
4
0
9
3
0
1
1
34
(a)
59
18
4
7
0
0
1|
17 i
43
43
Chronicle)t
Securities issued, b y t y p e of security, total (new
capital and refunding)
thous. of doL.
New capital, total
do
Domestic, total
do
Corporate, total
do
Bonds and notes:
Long t e r m
do
Short term
do
Preferred stocks
do
Common stocks
do
F a r m loan and other Government agencies
thous. of doL.
Municipal, State, etc
do
Foreign, total
do
r
335
178, 528
122, 021
122, 021
55, 209
363,982
' 92, 226
' 92, 226
46, 550
394, 428
182,311
182, 311
86, 634
920, 916
746,178
745, 328
39,470
405, 839
106, 750
106, 750
63, 874
881,131
519,255
519,005
90,467
612, 092
296, 024
295, 624
43, 569
470, 728
360, 284
360, 284
327,403
273, 400
64. 856
64| 856
34, 265
299, 302
132, 066
132,066
103,261
237.815
110, 379
110, 379
89,427
216,428
121,001
121, 001
59,466
333,238
181,760
181, 760
87,186
35, 595
0
18, 735
458
24, 851
15, 637
3,752
2,310
55 972
0
29, 468
1,195
28, 437
641
7,324
3,068
60, 945
55
0
2,875
74, 636
2,010
10, 387
3,434
30, 377
0
9, 825
3,367
323,825
0
1,603
1,975
22,140
0
8,458
3, 667
49, 626
0
2,700
50, 935
82, 399
575
2,645
3,809
41, 052
5,000
13, 360
54
32,436
0
36, 887
17, 863
8,125
37, 551
0
9,440
86, 237
0
645, 442
60,416
850
5,440
37,436
0
369,741
58, 797
250
212, 212
39, 843
400
0
30, 591
0
0
28, 805
0
0
20.952
0
19, 520
42, 015
0
11,175
83. 399
0
36,890
29, 922
0
r
32,
Revised.
^Includes repayments unallocated, pending advices, a t end of m o n t h .
« Less t h a n $500,000.
t F o r revisions in 1939 d a t a from Commercial and Financial Chronicle, see notes marked " J " on p . 34 of the September 1940 and p . 35 of the M a r c h 1941 Survey.
tRevised series. For revisions in data on total loans of the Reconstruction Finance Corporation and "other loans and authorizations" published in the Survey prior to
the October 1940 issue, see note marked "f" on p . S-16 of the F e b r u a r y 1942 Survey.
Certain comparatively small revisions have been m a d e in the grand total which are not
carried into the detail.
*New series. National defense data include loans, participations and purchases of capital stock in corporations created b y the Reconstruction Finance Corporation to
aid in national defense. T h e new series on new security issues have been substituted for the data on security registrations. Earlier data will be shown in a subsequent issue.
1
Excludes offering of $502,983,000 1% Treasury Notes of SeriesA-1946 which were allotted to holders of Reconstruction F i n a n c e Corporation notes of Series P , m a t u r i n g
N o v e m b e r 1,1941, and of C o m m o d i t y Credit Corporation notes of Series E , m a t u r i n g November 15,1941.
S-18
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
A
t
August
1 Sep- 1 Octotember ber
Novem- December
ber
January
FINANCE—Continued
SECURITIES ISSUED—Continued
{Commercial and Financial
Chronicle)~Con.
Securities issued, by type of security—Con.
Refunding, total
thous. of dol.
Domestic, total
do_..
Corporate, total
do_ _ .
Bonds and notes:
Long term
do _ _ _
Short term
do...
Preferred stocks
do _. _
Common stocks
do _ _ _
F a r m loan and other government agencies
thous. of dol.
Municipal, State, etc
do___
Corporate securities issued by type of borrower,
total
thous. of dol.
New capital, total
do___
Industrial
do _ _.
Public utilities
do _. _
Railroads
do. _ _
Refunding, total
do. _ _
Industrial
do. _ _
Public utilities
do...
Railroads
do...
Domestic issues for productive uses (Moody's) :*
Total
mil. of dol.
Corporate
do _ _ _
Municipal, State, etc
do_._
(Bond
56, 508
56, 508
18, 901
271, 756
271, 756
227, 012
212,117
212,117
115, 288
18, 901
0
0
0
208, 911
703
17, 398
0
83, 680
26, 580
11,027
17, 425
'27,319
74,109
55, 209
24,067
25, 970
3, 750
18, 901
12, 626
6,275
0
273, 562
r 46, 550
6,311
6,527
18,010
227, 012
" l', 107
161, 424
50,718
47
33
14
51
44, 247
38, 244
190, 174
177, 957
31,607
4, 000
92, 829
174,738
174,738
107,181
106,472 101, 757
709
0
0
35, 345
0
0
27, 725
39, 833
201,922 146, 650
86, 634 39,470
8,781
26, 612
39, 661 18, 401
9,100
3,120
115, 288 107,181
41, 500 37, 007
67,602 39,186
4, 000
3,000
102
53
49
299, 089
299,089
197,102
28,300
73, 687
260,
63,
19,
3,
36,
197,
51,
138,
976
874
459
775
715
102
170
882
0
75
23
52
89
54
35
104, 227 101,656
63, 074 89, 394
115,982
138, 683
361,876
361,876
113,390
316,068 110,444 208,544 167, 236
316,068 110,444 208, 544 167, 236
86, 468 74, 427 161, 391 97, 050
108, 087 75, 793
0
0
5, 303 10,525
150
0
222, 860 215,553
25, 626 14,047
127, 436
127, 436
42, 384
95. 427
95, 427
52, 055
151,478
151, 478
82, 846
72, 530 155, 881
0
0
1,897
5, 398
0
112
96, 250
29, 336
0
13,049
0
50, 321
800
0
25, 420
10, 597
34, 822
35, 364
31, 675
53,377
25,100
18,273
81, 726
0
1,120
0
33,775
34. 857
o03, 857 130,038 401.830 195,656 200,311
~90,467 43,569 327, 403 34, 265 103, 261
29, 454
4, 068 52, 018 11.552 63,178
7, 584 10, 559 238,085
5,840
7. 922
51, 235 22, 8o2 ?3,300
7] 060 21, 329
il3,390
97, 050
86,468
74. 427 161,391
21, 886 34, 875
2.497 22, 782 16, 336
83,317 45, 593 71,625 102. 098 74, 658
6, 860
4,000
0
0
34, 837
113
63
67
303
63
53
38
281
50
29
10
131,811
89, 427
43, 578
40, 687
1, 210
42, 384
16, 890
21,841
0
111,520
59, 466
24,018
7,203
27, 745
52, 055
16, 880
31, 339
0
170,032
87, 186
46, 150
'28. 101
9' 890
,
82, 846
499
82, 120
0
61
43
18
71
34
37
26,955
20,198
A
A
1,734
0
137
67
70
Buyer)
State and municipal issues:
P e r m a n e n t (long term)
T e m p o r a r y (short term)
thous. of dol - do
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
mil. of bu_.
Corn
do
48, 269
169, 942
504
53
439
58
140
144, 806 151,610
81, 995 150,913
65. 052
53, 669
78, 479 63, 216
93,123 113,655
73. 352 118,540
99, 988 119,070
500 I
103 !
454 i
93
282
74
294
89
253
154
628
189
460
262
633
196
396
260
628
186
414
255
625
195
409
264
600
211
289
547
219
308
274
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)
Cash on hand and in banks
Money borrowed
Customers' free credit balances
mil. of doL.
do
do
do
534
203
307
262
634
199
375
267
633
199
387
268
606
199
368
265
622
185
403
262
616
186
395
255
628
189
92.72
96.82
45.47
93.73
97.73
46.28
94. 32
98.25
47.01
94.22
98. 08
47.67
94.80
98. 60
47.79
95.04
98.92
47.11
94.86
98. 58
48.85
94.74
98.27
50.79
95.25
98.72
50.75
94.80
98. 30
49.83
94. 50
96.69
56.27
95. 24
97.31
58.45
116.7
116.9
116.8
117.0
117.7
118.7
118.5
118.1
118.8
119.2
117.5
117.5
97.5
101.7
103.8
87.1
17.5
125.6
108.8
98.4
102.2
104. 6
88.4
19.3
125.4
110.1
99.5
103.1
106. 0
89.5
20.7
126. 8
110.8
99.3
102.4
106. 2
89.4
21.0
128. 2
111.4
99.2
103.3
106.3
87.9
21.6
129.5
111.5
99.9
104. 8
107.1
87.8
23.9
130. 4
111.7
99.6
104.9
107.3
86.8
24.9
131.0
111.1
98.0
105.1
107.2
84.5
24.4
131.2
111.1
99.2
105.3
107.2
85.0
25.1
133. 0
112.0
99.4
105.9
107.4
84.9
24.8
133.4
112.4
97.4
105.0
104.7
82.4
21.9
125.9
110.7
99.2
106.7
104.1
86.9
24.1
124.4
110.1
Bonds
Prices:
Average price of all listed bonds (N. Y . S. E.)
95.13
dollars..
97.18
Domestic
do
57.40
Foreign
do
Standard and Poor's Corporation:
High grade (15 bonds) t -dol. per $100 bond_.
117.1
M e d i u m and lower grade:f
99.6
Composite (50 bonds)
do
108.9
Industrials (10 bonds)
do
104.4
P u b l i c utilities (20 bonds)
do
Rails (20 bonds)
do
87.7
25.6
Defaulted (15 b o n d s ) t
do....
120.1
Domestic municipals (15 bonds)
do
108.9
U . S . T r e a s u r y bondsf
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
M a r k e t value
thous. of doL_
Face value
do
On N e w York Stock Exchange:
M a r k e t value
do
Face value
do
Exclusive of stopped sales ( N . Y . S. E.),
face value, total
thous. of dol._ 158, 357
944
U. S. G o v e r n m e n t
do
157, 413
Other t h a n U . S . Govt., total _ _ .do
148, 551
Domestic
do
8,802
Foreign
do
Value, issues listed on N . Y . S. E . :
Face value, all issues
mil. of d o l . . 60, 532
57,411
Domestic
do
3,121
Foreign
do
57, 584
M a r k e t value, all issues
do
55, 793
Domestic
do
1,791
Foreign
do
Yields:
Bond Buyer:
2.51
Domestic municipals (20 cities)--..percent._
Moody's:
3.35
Domestic corporate
do B y ratings:
>.S5
Aaa
do.
5.98
Aa
do.
3.29
A
doBaa
do_
4.29
B y groups:
2.98
Industrials
do.
3.15
Public utilities
do_
3.94
Rails
do_
r
118,851 133, 274
235, 872 269, 892
75, 999 90,162 109, 867
130, 068 209, 379 242, 720
91,476
148,219
119,252 95, 055 116,272
88, 348 134,712 125, 744
87, 766 105, 508 125,159
218, 628 173,215 222, 973 160, 891 177, 029 209, 219 161, 048 277, 038 256, 089
100, 577 78, 266 98, 274 74,506
76, 382 116,561 111,586
89,563 109,888
196, 932 153, 363 201, 056 144,101 155,537 189,947 145, 446 251,650 ! 237,263
123, 647 214, 382 209, 471 169,272 149, 426 189,118 140,157 140. 963 178, 899 140, 746 224, 737
1,497
1,781
1,307
948
1,470
1,417
1, 010
2,224
2,598
1, 319
1,431
121,423 212, 965 207, 974 168, 324 148, 416 186,520 138, 726 139,644 177,592 139,276 222, 956
109, 265 199,173 194, 885 153, 831 135,174 174, 588 127, 515 127, 575 163,413 125, 694 205, 251
11,932
13, 582 17, 705
12,158
13, 792 13, 089 14,493
13,242
12, 069 14,179
11,211
54. 225
49,891
4,334
50, 277
48, 307
1,971
55, 746
51,419
4,328
52, 252
50, 249
2,003
55, 678
51,416
4,262
52,518
50,515
2,003
55, 534
51, 278
4,255
52, 322
50, 293
2,029
56,159
51,952
4,207
53, 237
51, 227
2,010
2.43
2.33
2.26
2.14
2.07
3.39
3.39
3.37
2.78
3.00
3.38
4.42
3.01
3.37
4.38
2.82
3.04
3.38
4.33
2.81
2.99
3.34
4.32
2.77
2.95
3.31
4.31
3.00
3.19
4.00
3.02
3.17
3.98
3.06
3.16
3.96
3.02
3.13
3.95
2.96
3.10
3.95
3.40
3.34
56, 041
51,836
4,205
53, 260
51, 279
1,981
56,101
51.900
4,201
53, 217
51,165
2,052
2.08
56, 387
52,192
4,195
53, 418
51,287
2,131
2.02
219, 955
1,138
218,817
206,145
12, 672
57, 856
53, 673
4,183
55,107
52, 984
2,123
57,821
53, 646
4,175
54,813
52, 732
2,080
1.90
1.93
2.24
2.36
3.35
58, 237
55, 080
3,157
55,034 I
53,257 !
1,777 !
59, 076
55, 924
3,152
56, 261
54,419
1,842
3.29
3.30
3.27
3.26
3.35
2.74
2.90
3.26
4.28
2.74
2.90
3.24
4.27
2.75
2.91
3.24
4.30
2.73
2.87
3.21
4.28
2.72
2.86
3.19
4.28
2.80
2.95
3.27
4.38
2.83
2.96
3.30
4.29
2.90
3.07
3.92
2.90
3.06
3.92
2.88
3.07
3.95
2.85
3.05
3.93
2.85
3.04
3.91
2.94
3.12
3.99
2.97
3.13
3.93
3.30
Revised.
fRevised series. For data beginning 1931 on Treasury bond prices, which relate to partially tax-exempt bonds, see table 55 p. 17 of the December 1940 SURVEY. Earlier
data for Standard and Poor's bond prices are shown in table 36, p. 19 of the January 1942 SURVEY.
*New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17 of the September 1940 SURVEY.
S-19
SURVEY OF CURRENT BUSINESS
April 1942
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
1941
1942
February
February
March
April
May
June
July
1942
August
September
2.00
1.94
1.99
1.94
October
Novem- December
ber
January
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Yields—Continued.
Standard and Poor's Corporation:
Domestic municipals (15 bonds)..-percent._
U. S. Treasury bondsj
do
2.55
2.09
2.27
2.10
2.28
2.01
2.20
1.96
2.14
1.92
1.91
2.03
1.90
1.91
1.88
1.90
1.85
2.25
1.97
••2.33
2.01
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
mil. of dol__ 1, 857. 45 ,796. 56 1,816.13 1,817.77 1,821.65 1, 823. 85 1,821.08 1,822. 61 1, 828. 35 1, 840. 31 1,889.13 1, 927. 69 1,926.59
Number of shares, adjusted
millions.- 938.08
938.08 938.08 938.08
938. 08 938.08 938.08 938. 08 938.08 938.08 938.08 938.08
938.08
Dividend rate per share (weighted average)
1.94
1.94
1.94
1.96
(600 cos.)
dollars-1.94
1.94
1.94
1.95
2.05
2.05
1.98
2.01
1.92
3.01
3.01
3.01
2.99
Banks (21 cos.)
do
3.01
3.01
3.01
3.01
2. 88
2.88
2.88
3.00
3.01
1.93
1.92
1.93
1.97
Industrials (492 cos.)
do
1.92
1.93
1.93
1.94
2.09
2.09
1.99
2.05
1.90
2.59
2.54
2.59
2.62
Insurance (21 cos.)
do
2.54
2.54
2.59
2.59
2.69
2.69
2.69
2.62
2.54
1.92
1.94
1.92
1.86
Public utilities (30 cos.)
do
1.94
1.94
1.95
1.91
1.81
1.81
1.81
1.82
1.94
1.56
1.56
1.56
1.58
Rails (36 cos.)
do
1.56
1.57
1.57
1.58
1.77
1.77
1.77
1.58
1.53
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31, 1924=100..
47.8
56.5
56.7
55.9
53.2
51.6
'49.2
53.8
54.1
51.4
51.5
54.0
48.7
Dow-Jones & Co., Inc. (65 stocks)
dol. per share..
42.99
41. 26
36.92
40.74
37.86
36.79
41.60
39. 73
40.95
43.01
39.53
42.90
41.21
Industrials (30 stocks)
do
110.67
111.11
107. 28 121.68
122. 52 119.10
116.44
121.57
127. 57 126. 67 127. 35 121.18
116.91
Public utilities (15 stocks)
do
18.50
17.65
14.38
18.66
14.41
13.83
19.56
17.30
17.61
18.48
15.93
18.62
19.37
Rails (20 stocks)
do
30.19
28.54
25.33
28.48
27.85
28.03
28.25
28.11
29.60
27.92
28.01
29.28
27.54
New York Times (50 stocks)
do
91.32
87.37
79.17
85.41
74.46
87.66
84.71
88.29
92.24
87.92
77.09
90.91
87.07
Industrials (25 stocks)
do
128. 67 154. 20 154. 86 150.17
149.00
156.09
162. 57 160. 33 160.08 153. 71 145. 66 139.86
133. 77
22.36
21.04
18.47
Railroads (25 stocks)
do
20.65
20.26
20.46
20.42
20.48
21.92
20.19
20.41
21.1 A
19.94
Standard and Poor's Corporation:!
Combined index (402 stocks) 1935-39=100...
80.4
77.4
83.2
83.2
80.3
77.1
72.6
69.9
77.9
79.5
71.8
80.1
Industrials (354 stocks)
do
81.6
78.6
84.3
84.2
79.6
77.3
74.3
71.0
77.3
79.7
84.8
73.8
79.4
Capital goods (116 stocks)
do
82.2
78.7
88.0
88.4
82.7
79.6
78.6
83.9
87.8
76.3
74.8
79.8
82.5
Consumer's goods (191 stocks)
do
79.0
74.2
81.2
80.2
80.4
68.8
66.2
76.8
74.8
76.7
82.9
67.6
80.3
Public utilities (28 stocks)
do
78.5
74.5
81.0
81.8
64.5
87.1
83.1
66.1
78.9
81.6
81.3
66.2
87.1
70.3
68.4
Rails (20 stocks)
do
68.4
71.2
74.4
73.8
70.6
69.0
70.7
70.9
72.6
61.0
70.0
Other issues:
Banks, N. Y. C. (19 stocks)
do....
88.4
84.9
89.2
78.5
72.1
70.9
85.1
82.9
84.6
87.6
73.8
89.0
89.3
Fire and marine insurance (18 stocks)
1935-39 = 100..
115.4
106.1
103.6
114.0
111.5
107.6
101.7
101.9
102.3
105.9
115.6
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL
403, 344 383,348 416, 674 384, 462 411,012 611,464 415,088 512, 750 493, 760 509, 040 1,085,599 512,503
Shares sold
thousands.
18, 052 29, 073 22, 087 24, 682 24, 724 26, 636 62, 676 28, 359
20,217 17,618
18, 555 19,169
On New York Stock Exchange:
Market value
thous. of dol_
336, 505 318, 750 347.710 323. 885 350,146 522, 475 346, 227 426, 839 413,341 422, 423 929, 046 466,932
Shares sold
thousands..
15, 356 13,194
46, 891 22, 236
13, 740 22, 226 15, 858 18, 021 18, 512 19,099
13, 481 13,688
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands.
15, 052 36, 387 12, 994
10,111
11,178
9,661
10, 451 17, 871 10,875
13, 545 13,137
7,926
8,971
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol__ 35, 234 39, 398 39, 696 37,711
37, 815 39, 608 41, 654 41, 472 40, 984 39, 057 37, 882 35, 786 36, 228
Number of shares listed
millions..
1,464
1,465
1,464
1,457
1, 463
1,463
1,463
1,463
1,467
1,467
1, 455
1,463
1, 463
Yields:
Common stocks (200), Moody's
percent6.4
6.4
5.9
5.8
6.3
6.8
7.1
6.1
5.9
7.3
6.0
6.1
Banks (15 stocks)
do-._
4.8
4.9
4.6
4.5
5.0
5.2
5.6
4.5
4.6
5.4
5.3
4.5
4.5
Industrials (125 stocks)
do.__
6.6
6.5
5.9
5.8
6.4
6.9
7.2
6.2
6.2
5.9
7.3
7.4
6.2
Insurance (10 stocks)
do...
4.2
4.4
4.3
3.9
4.0
4.1
4.1
4.6
4.2
3.9
4.5
4.5
4.3
Public utilities (25 stocks)
do...
6.2
6.8
6.4
6.4
6.6
6.9
7.7
6.5
6.5
7.6
6.1
7.6
6.2
Rails (25 stocks)
•
_
do...
6.5
6.0
5.9
6.5
6.8
7.4
6.4
6.3
7.2
6.2
8.2
Preferred stocks, high-grade (15 stocks),
Standard and Poor's Corp.f
percent__
4.24
4.02
4.04
4.08
4.05
4.07
4.15
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number._
Foreign
do
Pennsylvania R. R. Co., total
do
Foreign
do
U. S. Steel Corporation, total
do
Foreign
do
Shares held by brokers
percent of total..
632, 293
5, 481
205, 724
1,535
164, 262
2,590
25.00
630, 956
5, 609
206,050
1, 581
164, 785
2,605
25.30
630, 366
5,742
204,776
1,680
164, 687
2, 664
26.00
633,588
5,281
205, 012
1,447
163, 732
2,584
25. 40
FOREIGN TRADE
INDEXES •
Exports of U. S. merchandise:
Quantity
Value
Unit value
Imports for consumption:
Quantity
Value
Unit Value
1923-25 = 100.
do..
do_..
117
80
138
94
68
145
101
70
147
101
69
122
87
71
130
94
72
158
118
75
145
109
75
1226
1174
77
164
129
79
215
171
79
do, _.
do..
do...
118
68
58
133
80
60
143
86
142
88
62
130
82
63
132
83
63
135
86
64
129
83
65
138
92
66
129
87
67
156
106
303, 413
298, 273
233, 702
216, 623
357, 233
350, 446
267, 784
254, 553
385, 454
376,185
287, 550
274, 593
636
354
930
351
329, 776
323, 728
279, 536
261,097
358, 649
348,890
277, 847
264, 685
455, 257
438, 264
282, 513
273, 898
417,139 i 666 376
406,057 647, 462
262, 680 304,127
265,162 292, 303
491,818
481, 630
280, 525
276, 224
651, 555
635,179
343, 794
338, 272
VALUE•
Exports, total incl. reexports
Exports of U. S. merchandise
General imports
Imports for consumption
r
thous. of doL
do__.
do-. _
do_._
384,
376,
296,
281,
479, 448
473, 506
253, 654
256,129
Revised. % Partially tax-exempt bonds.
Figure overstated owing to inclusion in October export statistics of an unusually large volume of shipments actually exported in earlier months.
• T h e publication of detailed foreign trade statistics has been discontinued for the duration of the war, effective with October data. Indexes of the volume of foreign trade in
agricultural products and data on the value of exports and imports b y grand divisions and countries and b y economic classes, which have been shown regularly in the Survey
are available through September 1941 in the February 1942 and earlier issues. For revised 1939 data on value of foreign trade see pp. 17 and 18 of the April 1941 issue.
fRevised series. Earlier revised data for Standard and Poor's stock prices and preferred stock yields are shown respectively in table 37, p p . 20-21 and table 39, p . 22
of the January 1942 Survey.
1
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March I April | May
June
July
1942
August
September
October
Novem- December
ber
January
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
thous. of dol.
Operating income
do._.
Local Transit Lines
Fares, average, cash ratef
Passengers carriedf
Operating revenues
cents.
thousands.
.thous. of dol.
9,961
82
7.8033
885,128
10, 536
7. 8253
775, 068
56, 220
7. 8199
855, 970
61,192
11,904
10, 814
72
11,238
153
10, 839
74
10, 874
10, 926
78
80
11, 942
78
12,143
101
7. 8199
846, 416
61, 427
7. 8061
857, 679
62, 347
7. 8144
809, 340
59, 547
7. 8144
792.539
58, 576
7.8144
793, 570
59, 342
7.8005
828, 576
60, 715
7. 8005
895, 991
65, 563
856, 773
62, 427
138
127
172
149
163
99
283
139
138
150
200
149
112
83
100
156
140
140
139
167
160
125
80
99
271
141
139
158
199
152
103
84
99
155
141
145
140
172
149
122
111
102
261
150
130
133
176
138
111
84
97
149
135
144
138
165
147
104
146
101
232
151
127
121
165
140
97
95
97
178
133
141
135
168
143
115
117
101
199
150
135
121
159
146
118
93
99
204
144
3,413
4,464
4,318
840
675
53
184
149
82
641
271
790
64
214
194
82
768
277
1,425
1,861
1, 603
1,929
67
27
20
47
19
11
3,539
652
52
176
167
59
618
286
1,529
41
15
10
3, 658
578
53
174
230
38
603
313
42
18
10
61
28
18
446
503
402
035
097
315
528
493, 674
410, 213
49, 773
313,843
68, 513
111,318
65, 500
95
7.8005
7. 8005
941,924
68, 807
7. 8005
946,315
68,637
128
125
182
129
113
138
137
111
167
145
124
101
100
246
149
129
136
184
140
125
95
93
46
134
140
119
153
156
142
99
97
186
152
3,046
575
54
153
155
53
582
77
1,396
75
27
32
3,858
797
71
208
212
65
711
65
1,729
60
22
22
Class I Steam Railways
Freight carloadings (Federal Reserve indexes):!
126
Combined index, unadjusted. _ .1935-39=100.
130
Coal
do....
180
Coke
do....
150
Forest products
do
108
Grains and grain products
do
75
Livestock
do
94
Merchandise, 1. c. 1
do
46
Ore
do
133
Miscellaneous
do
136
Combined index, adjusted
do
114
Coal
do
147
Coke
do
156
Forest products
do
129
Grains and grain products
do
93
Livestock
do
98
Merchandise, 1. c. L
do
183
Ore
do
148
Miscellaneous
do
Freight-car loadings (A. A. R.):1
3,123
Total cars
thousands..
629
Coal
do.--.
57
Coke
do185
Forest products
do
154
Grains and grain products
do
42
Livestock
do
597
Merchandise, 1. c. 1
do
52
Ore
do
1,407
Miscellaneous
do
59
Freight-car surplus, totalj
do
22
Box carst
do
20
Coal carst
do
Financial operations:
462, 486
Operating revenues, total
thous. of doL
Freight
do.—
Passenger
d o . . . 327, 653
Operating expenses
do
63, 347
Taxes, joint facility and equip, rents*..do
66,486
Net railway operating income
do
Net income
d o — 23, 800
Operating results:
Freight carried 1 mile
mil. of tons..
Revenue per ton-mile
cents..
Passengers carried 1 mile
millions..
Financial operations, adjusted:*
Operating revenues, total
mil. of doL.
Freight
do....
Passenger
do—
Railway expenses
do
Net railway operating income
do
Net income
do
Waterway Traffic
Canals:
New York State
thous. of short tons.
Panama, total
thous. of long tons—
In U. S. vessels
do—
St. Lawrence
thous. of short tonsSault Ste. Marie
do__.
Welland
do...
Rivers:
Allegheny
do...
Mississippi (Government barges only).do...
Monongahela
do. -.
2,762
Ohio (Pittsburgh district)
do...
1,410
Clearances, vessels in foreign trade:
Total, U. S. ports
thous. of net tons.
Foreign
do...
United States
do__.
115
129
183
128
85
75
98
45
118
124
113
149
133
102
93
101
181
131
120
132
175
127
97
74
101
50
124
126
128
168
127
113
93
100
192
128
108
38
120
130
96
82
103
203
131
112
45
137
130
113
93
102
266
130
131
117
167
135
107
82
102
276
138
135
138
182
130
124
91
102
266
136
136
131
170
141
123
69
101
265
141
139
156
189
136
126
88
102
152
139
' 2, 867
••613
'57
' 155
'119
41
'605
51
' 1, 249
87
32
31
3,818
818
70
197
172
52
797
69
1,643
71
26
23
2,794
163
38
159
136
46
648
214
1, 390
190
31
139
4,161
676
64
205
184
57
795
387
1,792
3,510
642
54
175
172
39
638
301
1,490
71
34
17
358, 413
296,146
36, 511
255, 590
44, 344
58, 479
14, 964
416,319
346, 633
40, 030
283, 329
52, 363
80, 627
35, 256
34, 182
.899
2,029
31, 615
1, 052
2,170
43, 398
.932
2,140
44, 036
.927
2, 564
46, 067
.947
2,756
49, 237
.902
2, 936
47,616 j
.928
2,527
51, 135
46, 032
.904
2,299
44, 545
.943
3,055
46, 666
2, 397
402.4
332.5
40. 1
318.6
83.8
42.8
417.0
344.5
42.7
334. 2
82.9
40.8
382.1
309.6
41.4
323.2
59.0
17.1
438.6
365.2
40.9
345.6
93. 0
50.4
473.5
398.2
43.3
363. 4
110.1
68.2
470. 9
395.1
42.3
370. 5
100.4
57.6
485. 4
407.7
44.4
374.4
111.0
65.5
464.1
389.5
41.6
379.4
84.7
42.5
452. 6
375. 9
44.1
403. 2
49.4
10.8
476.0
398.7
45.1
403.1
72.9
33.5
486.2
403.2
49.4
409.8
76.4
37.0
495.3
406.6
53.6
413.1
82.3
0
968
0
0
0
0
1 911
1 027
0
0
0
610
1,989 !
1, 133
900
15, 153
1,716
624
1,585
887
1, 001
14, 673
1.895
1,043
15,511
1,960
507
1,481
719
944
14, 401
1,620
187
100
2, 532
1,424
213
127
2, 907
1,587
186
159
563
653
310
320
214 !
250
2,971 I 2,833
1,727 | 1,785
330
270
352
265
230
240
3, 105
1, 771
326
211
2,492
1,691
332
251
2,862
1,781
2, 863
1,759
2,206
1, 374
3. 636
2.319
1, 317
3,981
2,532
1,449
4, 606
2,902
1,704
5,729
3,579
2,149
6. 716
4,584
2, 132
6,646
4,418
2,229
6,011
3,978
2,033
6,072
4,040
2,031
(a)
308
7, 865
664
6,074
3,957
2,117
485,
405,
47,
310,
69,
106,
63,
720
557
1, 659
1, 366
910
818
975
15, 235
1,858
488,
411,
43,
312,
72,
104,
59.
979
241
521
287
622
070
324
517,
440,
42,
361,
62.
93,
53,
605
122
231
502
446
657
676
922
457,
385,
40,
335,
52,
68,
29,
012
241
519
614
633
765
226
691
571
697
781
944
966
700
40, 577
.929
2, 229
250
023
534
832
932
829
261
800
480,
392,
55,
348,
62,
68,
25,
442, 286
370,903
37, 493
296, 590
57, 065
88, 630
43, 137
2,057
1,080
455,
377,
44,
298,
62,
93,
52,
66
248
224
55
784
386
008
230
348
938
501
569
264
1 827
375,
305,
38,
274,
47,
52,
7,
34
17
70
700
534
1,719
1, 546
882
948
818
771
13,923
1,688
12, 223
1,466
479,
389,
53,
352,
46,
80,
55,
560
223
868
532
480
549
492
0
1,283
538
36
2,137
369 S
244 |
119
2,992
1,711
0
0
0
177
2,753
1,453
(a)
(a)
Travel
Operations on scheduled air lines:
11,668
Miles flown
thous. of miles..
11,472
12,154
10, 537
12,127
11, 501
10, 855
12,472
8,786
9,953
12, 200
Express carried
pounds..
,109,352 1,214,817 1,352,181 1,462,121 1,544,111 1,822,217 1,842,858 1,962,284 1.760,770 1,689,093 2,385,786
Passengers carried
number..
380, 990 398, 434 447,316
218,163
245, 924 308, 644 303,954
455, 647 420, 393 324, 546 318. 777
115,825
Passenger-miles flown
thous. of miles..
133, 979 141,906
147, 419 158, 068 158,151
84, 640
96, 662 114,749
111,077
150,920
Hotels:
3.40
3.47
3.13
3.29
3.39
3.39
3.30
3.52
3.61
Average sale per occupied room
dollars __
3.32
3.24
3.56
3.55
71
69
70
64
69
61
70
66
Rooms occupied
percent of total. .
68
69
68
69
71
107
114
106
103
101
109
Restaurant sales index
1929=100..
'107
103
115
'93
;|
Foreign travel:
12, 409
8,991
15, 958
13, 203
14, 613
10, 799
U. S. citizens, arrivals
number_.
11,328
23,933
13. 491
11,668
19, 818
9,502
8.748
11,339
18, 779
17, 277
10, 739
13, 718
11, 807
U. S. citizens, departures.
do
19, 726
32, 746
9,942
1, 524
945
686
1,416
1,676
853
729
Emigrants
do
612
1,216
714
920
4,268
2,581
2,256
Immigrants
do
4, 813
6,002
3,083
3,359
3,911
4,500
2,188
3,133
4,549
4,362
5,145
3,015
5,177
Passports issued
do
4,878
5,673
5, 734
5,790
4,687
2,897
4,331
1,943
r
Revised.
% Data for March, May, August, November 1941, and January 1942 are for 5 weeks; other months, 4 weeks.
*New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16 of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations.
tRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey. Passengers carried revised to cover data for 188 companies. Data for
1940 the
basis differ
on21-22revised August 1941only slightly from those shown in table 13, p. 8 of the March 1941 Survey. Revised indexes of freight carloadings beginning 1919 appear in table
23, pp.
of the
Survey.
http://fraser.stlouisfed.org/
JBeginning June 1941, data represent daily average for week ended on the last Saturday of the month; earlier data, daily average for last 8 or 9 days of the month.
Federal Reserve Bank of St. Louis
S-21
SURVEY OF CURRENT BUSINESS
April 1942
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
1941
1942
February
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
129, 890
39, 383
60, 767
17, 477
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Travel—C ontinued
National parks:
Visitors
number.
Automobiles
do_._
Pullman Co.:
Revenue passenger-miles
thousands.
Passenger revenues
thous. of dol..
COMMUNICATIONS
Telephone carriers:
Operating revenues
thous. of dol__
Station" revenues
do
Tolls, message
do
Operating expenses
do
Net operating income
do
Phones in service, end of month_thousands._
Telegraph and cable carriers:t
Operating revenues, totalt
thous. of dol__
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol_.
Cable carriers
do
Operating expensesf
do
Operating incomef
do
Net incomef
do
Radiotelegraph carriers, operating revenues
thous. of dol._
327, 550 578, 071 1,029,648 1,112,293 430, 608 253,489
100, 230 173,139 292,273 302,025 132, 359 78,112
100, 257
r 27,943
115,911 190,150
33, 521 58,916
791, 221
4,974
59, 338
16,821
925, 694 766, 222 714,012
5,621
4,389
4,787
59, 812
18,152
897, 614 825, 839 850, 348 797, 408 840, 925 763, 624 1,017,616 1,273,822
5,074
4,776
4,880
4,857
5,138
5,145
5,608
6,929
116, 883 118,132 119, 933 120,113 120,116 119, 224 121, 259 124,000 119,818 128, 993 128, 257
74, 585 75, 598 75, 709 75, 524 74, 858 74, 236 76, 470 78, 700 77, 292 80, 229 79,974
32, 975 33,238 34, 783 35,072 35, 543 35,266 35,029
35, 368 32, 526 37, 782 37,441
79, 651 87, 307 82,935
75, 390 77, 576 76, 626 80, 329 77, 934 79,159 82,052
73,403
19, 645 32, 532 21,165
20, 639 20,164 21, 037 18, 554 19, 553 20,477 20,165
20,986
20,107 20, 232 20,366 20,443 20, 535 20, 657 20,817 20,954 21,067 21,206 21,362
12, 430 12, 850 12, 728 12, 875 12, 674 12, 555 12, 566 11, 583 15,448
10, 667 11,961
12, 732
11,461
11, 734 11,616
11,731
11,493
10, 436 14,089
9,832 10, 982 11, 473 11,830
11, 563
111.219
72, 752
29,250
70, 648
19, 375
19, 966
451
835
9.290
667
202
525
980
9, 884
1, 303
896
510
957
10,298
1, 359
514
1,020
10, 691
1,330
873
997
10, 516
637
267
551
1,141
10, 965
966
513
499
1,058
10, 758
1,065
568
518
1,094
10, 830
782
401
553
1,073
10, 809
784
316
533
1,147
10,276
390
734
1,359
12, 003
2,215
1,488
620
1,169
11, 054
585
61
1,253
1,399
1,348
1,354
1,337
1,386
1,264
1,205
1,316
1,197
1,442
1,163
.58
.28
.58
CHEMICALS AND ALLIED PRODUCTS
, CHEMICALS
Alcohol, denatured:
13, 339
Consumption
thous. of wine gal__
10, 558
13,186
Production
do
10, 556
1,313
Stocks, end of month
do
1,465
Alcohol, ethyl:
25, 655
Production
thous. of proof gal__
22, 029
11,127
Stocks, warehoused, end of month
do
12,166
23, 705
Withdrawn for denaturing
do
19, 070
2,736
Withdrawn, tax-paid
do
1,767
Methanol:
94, 467
Exports, refined
galloas. _
102, 711
Price, refined, wholesale:
.34
.58
Natural (N. Y.)
dol. per gal_.
.34
.30
Synthetic, pure, f. o. b. works*
do
.28
.30
Production:
455
Crude (wood distilled)._
thous. of gal..
435
4,174
Synthetic
do
3,618
35, 722
Explosives, shipments
thous. of lb__ 37,681
33,631
Sulphur production (quarterly):
138,880
Louisiana
long tons__
547,686
Texas
do
Sulfuric acid (fertilizer manufacturers) :\
Price, wholesale, 66°, at works
16.50
16.50
dol. per short ton__
16.50
FERTILIZERS
Consumption, Southern States
1,003
1,365
thous. of short tens..
762
90, 255
Exports, total §
long tons__
94,316
10,674
Nitrogenous §
do
11,031
74,162
Phosphate materials§
do
76, 333
686
Prepared fertilizers
do
498
Imports, total §
_._do
95,474 152,323
Nitrogenous, total
do
92, 203 134,290
Nitrate of soda
do
84,337
40, 254
1,086
Phosphates
do
353
14,110
Potash§
do
1,436
Price, wholesale, nitrate of soda, 95 percent
1. 503
1.470
(N. Y.)
dol. per cwt._
1.470
Potash deliveries
short tons._
29, 802
35, 536
Superphosphate (bulk):
Production
do_
384,548 435, 675
Shipments to consumers.-do.,
110, 438 183, 560
Stocks, end of month_
.do..
1,202,767 1,074,842
NAVAL STORES
Rosin, gum:
Price, wholesale " H " (Savannah), bulkf
3.22
1.78
dol. per 100 1b..
1.65
9,996
Receipts, net, 3 ports
bbl. (500 lb.)__
11,941
Stocks, 3 ports, end of month...
_do
542, 446 523, 594
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal__
.39
.39
Receipts, net, 3 ports
bbl. (50 gal.)__
4,682
2,158
Stocks, 3 ports, end of month
do_
23, 682
33,906
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (quarterly) :J
Animal fats:
Consumption, factory
thous. of l b .
Production
do. _ _
Stocks, end of quarter
do...
Greases:
Consumption, factory
do...
Production
do__.
Stocks, end of quarter
do...
12, 451
12, 652
1,511
14, 889
14, 714
1,329
15, 614
15, 678
1,095
15, 035
15, 242
1,293
15, 264
15, 065
1,089
17,100
16, 908
861
18,302
18,185
740
16, 977
16,965
724
26, 248
11,330
22, 789
2,449
29,651
10,000
26, 555
3,012
32, 224
10,392
27, 830
3,224
33, 021
7,108
27, 564
2,838
34,299
10,117
27,327
3,071
35, 757
6,491
30,433
3,435
36, 393
7,143
32,604
2,555
37, 541
8,038
30, 371
2,505
61, 831
48, 580
16, 668
21,605
7,545
9,340
.34
.30
.34
.30
.39
.30
.44
.30
.44
.30
.44
.29
.54
.28
463
4,241
31, 986
466
4,423
37,891
436
4,663
39,460
417
4,725
41, 273
450
5.006
41, 363
487
5,085
43, 676
502
5,416
42,629
529
5,104
37,486
129,365
670, 063
130,090
577,384
557
5, 663
38, 879
36. 720
135, 285
802, 576
16.50
16.50
16.50
16.50
16.50
16.50
16.50
16.50
16.50
16.50
1,390
74, 715
16,748
49, 481
1,580
120, 330
106, 737
89, 565
3,551
1,891
258
81, 971
6,014
74,082
317
99,673
70,036
42,134
1,194
1,512
104
66, 651
11,688
48, 265
2,311
74,439
62,840
27, 341
303
8,307
58
164,695
15,675
141, 557
201
33,638
32, 591
16, 350
25
3
71
295,885
17, 783
270, 646
407
69,096
67,406
32,148
457
20
134
136, 503
13,196
105, 919
2,879
118,139
108,759
67, 594
780
5,951
168
186
267
1,030
1.470
24,477
1.470
13, 232
1.470
58, 228
1.470
41,094
1.470
48,882
1.494
39,943
1.503
53,646
1. 503
59, 897
1.503
57,113
397, 497
373, 846
777,152
419, 411
165, 359
770, 723
373, 864
68,813
808, 741
383,499
52,317
914,302
379, 267 364, 505 413, 240 419,946 487, 558
65,150 130, 906 129, 293
87, 581
80,113
978,014 1,022,410 1,051,966 1,050,633 1,049,268
1.87
19, 337
505, 860
1.87
35, 635
490,186
1.88
31. 069
483, 751
2.13
33, 706
461,157
2.45
29, 886
428,945
2.49
29, 282
419,979
2.44
24, 526
372,983
2.64
34, 516
297,168
2.89
34, 637
270, 383
3.16
.42
6,358
25, 022
.43
8,198
27, 318
.42
10, 064
31,978
.47
8,482
35, 617
.67
10, 066
34, 339
.76
10, 755
36, 669
.78
10,942
26, 389
.76
5,999
18, 955
.73
12, 231
15, 676
.76
()
(a)
(a)
C)
1.503
56,039
291, 452
617, 500
623,896
337, 010
644, 024
684,475
338, 647
585, 293
504, 968
350, 722
761, 446
461, 497
104, 910
120, 557
130,401
126,155
127,989
116, 452
121,155
124,006
103, 068
118,673
140. 991
105,815 I.
d
Revised.
Deficit.
§ Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
° Publication of detailed foreign trade statistics and data on clearances of vessels in foreign trade has been discontinued lor the duration of the war.
b
Data are no longer available for publication.
% Revisions for quarters of 1940 not shown in the December 1941 Survey will be shown in a subsequent issue.
1 The compilation of data on consumption, production, purchases, shipments, and stocks of sulfuric acid by fertilizer manufacturers formerly published in the Survey
has been discontinued; the Bureau of the Census is now collecting similar information from all producers of sulfuric acid; these data on the new basis are available beginning
with September 1941.
t Revised series. Data for telegraph and cable carriers revised beginning 1934, see table 48, p. 16, of the November 1940 Survey.
series. Data beginning 1926 for price or synthetic, refined methanol will be shown in a subsequent issue. The series for natural refined methanol is the same
* New
series that has been shown in previous issues of the Survey.
http://fraser.stlouisfed.org/
r
Federal Reserve Bank of St. Louis
S-22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April | May
June
July
1942
August
September
October
Novem- December
ber
January
CHEMICALS AND ALLIED PRODUCTS—Continued
OILvS, FATS, AND BYPRODUCTS—Con.
Animal, including fish oils, quarterly}:—Con.
Fish oils:
Consumption factory
fchnns.
of lb
do
Production
Stocks end of quarter
..
- do.-.
Vegetable oils, total:
Consumption, crude, factory (quarterly) %
mil. of lb
thous. of lb Exports
do
ImDorts total §
do Paint oils f
All other vegetable oils f — . . . . d o —
Production (quarterly) J
mil. of lb
Stocks, end of quarter: X
do Crude
.do—
Refined
Copra:
Consumption, factory (quarterlv) t short tons.
____:_____do—
Imports
do....
Stocks, end of quarter X
Coconut or copra oil:
Consumption, factory:
-thous. of lb_Crude (quarterly) X
do
Refined (quarterly) X
In oleomargarine
do--_
do
Imports §
Production (quarterly): %
do
Crude
do
Refined
Stocks, end of quarter: %
do
Crude
do
Refined
Cottonseed:
Consumption (crush)-..thous. of short tons..
Receipts at mills
do
do -.Stocks at mills, end of month
Cottonseed cake and meal:
short tons .
Exports§
d o Production
do -.Stocks at mills, end of month
Cottonseed oil, crude:
...thous. of lb__
Production
do
Stocks end of month
Cottonseed oil, refined:
Consumption, factory (quarterlv)i _ do__
do—
In oleomargarine
Price, wholesale, summer, yellow, prime
— __dol. per lb—
(N. Y.)
__-thous. of l b Production
do —Stocks end of month
Flaxseed:
thous. of bu Imports
Minneapolis:
do—.
Receipts
do
Shipments
do . . .
Stocks
Duluth:
d o Receipts
do
Shipments
— ....doStocks
Oil mills (quarterly):
Consumption %
do
do
Stocks end of quarter
Price, wholesale, No. 1 (Mpls.)--dol. per bu-_
Production (crop estimate)
thous. of bu
Linseed cake and meal:
thous. of lb
Exports§
do —.
Shipments from Minneapolis
Linseed oil:
Consumption factorv (quart(*rly)J
do
dol. per lb—
Price, wholesale (N. Y.)
thous. of lb
Production (quarterly)
do—
Shipments from Minneapolis
do
Stocks at factory, end of quar terf
Soybeans:*
t h o u s . of b u
Consumption (quarterly)
Price, wholesale, No. 2, yellow (Chicago)
dol. per bu_Production (crop estimate)
thons. of bu
do
Stocks, end of quarter
Soybean oil:*
Consumption, refined (quarterly)
thous. of lb
Price, wholesale, refined, domestic (N. Y.)
dol. per lb-.
Production (quarterly):
Crude
thous. of lb
do
Refined
Stocks, end of quarter:
do
Crude
do
Refined
Oleomargarine:
Consumption (tax-paid withdrawals)©-do
Price, wholesale, standard, uncolored (Chicago)
dol. ner lb
Production©
. - t h o u s . of lb-_
r
{
37, 275
61, 097
1,070
60,028
1,096
12, 685
57, 672
5, 395
52, 277
1,059
11, 246
82,135
6,992
75,143
11,017
59, 559
10,856
48, 703
728
1,296
32, 207
69,423
20.199
34, 851
161, 405
61,126
1,424
25, 831
1,027
11,437
53, 087
8,596
44,491
762
4,729
69, 615
13, 322
56, 293
7 185
94, 756
7 120
87 636
18, 672
1, 381
41,155
26, 872
1, 468
28, 273
64, 550
24, 943
28,109
184,118
68, 904
1, 435
26, 884
788
7,428
93, 221
5,767
87,453
723
54 513
81 685
189, 916
1 106
[:>
1,205
700
300
660
497
914
637
16, 271
50, 018
83,140
162, 659
54, 554
6,271
123, 661
45, 542
15, 846
157, 223
17, 259
2,474
30, 973
25, 487
2,421
46, 369
902
450
56, 403
33, 766
36, 413
64 993
187, 302
73, 983
3,574
44, 695
33,789
4,680
184, 737
79 028
4,153
4,198
86, 251
80,703
81,054
90,962
70,444
93,710
80 366
97 464
209,940
15, 550
176, 381
15, 064
186, 290
16, 994
2,146
178 463
16 248
413
144
768
456
222
841
374
150
618
302
86
401
185
51
267
121
44
190
79
19
131
107
105
129
419
1,040
749
669
1,264
1,344
176, 833
372, 208
54
202, 397
253, 963
6
165, 087
245, 397
31
133, 762
256, 406
21
84 306
254, 729
114
52, 976
224, 275
1
35 503
164, 444
53
46, 186
131, 618
102
180, 929
174, 385
128, 843
170,913
147, 595
177, 509
123, 083
167, 475
102, 221
126, 142
65, 538
94, 710
42, 978
51, 961
26 288
29, 708
33, 779
32,107
14, 738
11, 626
350, 747
13,142
12,896
11, 444
402, 720
10, 816
11,413
.139
130, 622
351, 683
.062
143, 760
507, 344
.071
125,702
505, 997
.086
130,735
476, 030
. 105
96, 635
423, 397
.115
76, 620
372, 756
.118
49, 627
294,005
586
679
1,437
505
361
1,293
474
218
1,037
294, 821
291, 815
255, 608
356, 670
222, 533
380, 366
206,817
370,564
129, 499
79, 584
208, 538
133, 228
178, 276
159, 259
154,450
169, 998
146, 676
181, 533
10,131
317, 273
12, 525
13, 708
14, 650
287,061
14,129
14, 427
.119
32, 828
234, 242
.136
63, 536
178, 724
.129
143, 761
203, 544
.124
142, 251
273, 448
.131
136,112
314, 330
.137
119,457
322, 972
CO
1,285
1,223
1,286
1,177
866
1,051
1,139
1,853
704
141
3,105
414
133
3,952
718
74
3,620
643
139
2, 743
721
140
2,299
805
185
1,885
722
161
1,107
8,323
297
3,864
3, 682
412
4,773
1,777
120
4,714
742
67
4,443
662
101
3,897
1,292
311
3,430
3
249
1,067
159
1
434
159
193
168
619
178
416
381
165
310
236
219
593
247
348
109
485
1,252
319
1,418
1,000
481
1,937
192
438
1,691
180
467
1,404
17
36
1,386
~ 2.~33
'"T75"
10, 228
4 159
1.80
1.93
1.87
9,3%
3,501
1.87
1.92
1.89
12,175
12, 385
1.99
1.87
1.84
13,065
12, 557
2.00
'31,485
37, 640
34
30, 760
2
27, 800
1,201
30, 680
813
20, 240
392
22, 360
907
29, 280
914
32, 120
1,740
45, 840
37, 400
.119
.095
22, 250
14,950
1.95
.95
106 787
.099
196 281
18, 900
192, 850
.107
.108
21, 600
20, 300
1.20
1.32
10,515
.067
.073
.112
21,500
1.39
1.50
1.57
.104
.114
34, 360
.108
15, 750
1.58
1.60
.125
.121
53, 760
146,147
.108
251, 723
17, 950
198, 579
.101
21,350
1.83
90, 803
.120
.114
.124
51, 840
.113
22, 000
19, 232
690
104,210
.091
141,913
.114
236, 744
21, 900
161, 255
(a)
13,175
8,481
107 263
.135
.113
24, 300
15, 873
17, 505
1.04
143,100
.108
183, 309
21,050
150, 936
2.23
1.67
106, 712
19,431
1
1.83
98, 205
.126
151, 705
114 219
141, 584
126 301
115,686
96, 951
59,133
29,139
34,909
40, 589
29, 666
36,120
.132
177, 217
108,850
68,450
41,846
31, 767
27,871
34,332
30,583
26,857
25, 719
25,909
25,174
33,095
33,932
32,147
33, 754
35,848
.153
32. 541
.120
28,108
.125
33,898
.130
32, 200
.130
27,695
.133
25.089
.140
27,365
.140
24,803
.140
33,124
.140
34,060
.140
32, 503
.145
34,638
.154
35,071
h
Revised.
° Less than 500 bushels.
December 1 estimate.
Publication of detailed foreign trade statistics has been discontinued for the duration of the war.
§Data revised for 1939; for exports, see table 14, p . 17, and for imports, table 15, p . 18, of the April 1941 Survey.
{Revisions for quarters of 1940 not shown in the December 1941 Survey will be shown in a subsequent issue.
*New series. Earlier data for the series on soybeans and soybean oil will be shown in a subsequent issue.
fRevised series. T h e series on imports of paint oils and all other vegetable oils have been revised to exclude data for oiticica oil from "all other" where they have been
included and include them with paint oils. Earlier data are available on request. The revision does not affect the total imports of vegetable oils.
FRASER © D a t a revised beginning July 1939, see note marked " t " on p . 40 of the April 1941 Survey.
Digitized for
S-23
SUEVEY OF CUKEENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
1941
February-
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS- Con.
Shortenings and compounds:
Production
thous of lb_.
Stocks, end of quarter
do
Vegetable, price, wholesale, tierces (Chicago)
PAINT SALES
dol.perlb..
Calcimines, plastic and cold-water paints:
Calcimines
thous. of doL.
Plastic paints __
do
Cold-water paints:
In dry form
do
In paste form
do
Paint, varnish, lacquer, andfillers:f
Total
do
Classified, total
do
Industrial
do
Trade
do
Unclassified
do
355,698
46,417
410, 382
45, 967
.145
327, 615
50,474
.153
183
57
195
67
246
389
224
359
279
462
54,336
49,072
21,022
28,049
5,265
44,407
20,133
24, 275
4,573
48,647
44,140
20,247
23,893
4,506
215
1,372
1,315
242
1,387
1,475
229
1,309
1,353
12
402
14
524
472
18
513
523
2,232
1,991
2,255
2,102
2,319
2,146
3,105
801
1,038
1,266
3,141
806
1,255
1,080
3,753
987
1,564
1,202
.097
.111
.124
.133
182
43
301
43
342
55
233
60
202
53
159
279
202
376
266
483
513
262
392
33, 691
30,741
14,974
15,767
2,950
40,185
36,599
17,033
19, 566
3,586
51,964
47,239
19, 266
27,972
4,725
58,413
53,062
20, 544
32, 518
5,351
230
1,132
1,145
249
1,308
1,233
217
1,420
1,267
3
344
335
10
465
373
1,879
1,642
2,515
811
690
1,014
.165
315, 707
53,351
.143
.156
.153
.156
.164
161
40
217
47
253
471
210
278
175
496
190
47
185
428
50,363
45,334
19, 709
25,625
5,029
51,138
46,178
21,454
24, 724
4,960
41, 368
37,531
18, 727
18,804
3,837
41, 708
37,861
19, 200
18,661
3,848
47,044
42,032
19,190
22,842
5,012
243
1,437
1,510
1,479
1,565
252
1,521
1,630
268
1,483
1,569
269
1,485
1,658
272
1,618
1,755
14
507
541
17
573
19
585
622
21
630
712
22
558
23
501
534
24
585
528
2,457
2,264
2,467
2,346
2,670
2,506
2,991
2,813
3,439
3,453
2,979
2,777
3,397
3,165
3,789
3,597
3,570
4,062
1,178
1,549
1,334
3,981
1,157
1,543
1,281
4,146
1,227
1,535
1.385
4,737
1,345
1,724
1,668
3,825
1,070
1,315
1,441
3,033
813
955
1,265
2,743
675
761
1,307
14,540
14, 348
15,236
14, 481
15, 639
' 15, 646
10, 610
3,930
10, 351
3,997
11,034
4,2(02
10,395
4,086
11,148
4,491
' 11,050
'4,595
14,110
' 1, 536
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption in reporting company plants
thous. of lb.
Production
do...
Shipmentsd"
do.__
Cellulose-acetate:
Sheets, rods, and tubes:©
Consumption in reporting company
plants
thous of lb.
Production
do.__
Shipments cf
do___
Moulding composition:
Production
do__.
Shipmentst
do___
ROOFING
Asphalt prepared roofing, shipments:
Total
__thous. of squares,
Grit roll
do.__
Shingles (all types)
__do.__
Smooth roll
do.__
1,436
1,153
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total •
mil. of kw.-hr
B y source:
Fuel
do
Water power
do
B y type of producer:
Privately a n d municipally owned electric
utilities
mil. of kw.-hr__
Other producers
do
Sales to ultimate customers, total f (Edison
Electric Institute)
mil. of kw.-hr__
Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power
do
Large light and power
do
Street a n d highway lighting
do
Other public authorities
do
Railways and railroads
do
Interdepartmental
do
Revenue from sales to ultimate customers f
(Edison Electric Institute)
thous. of d o L .
14,084
12, 293
13, 095
12, 885
13, 616
13, 671
9,663
4,421
8,381
3,912
8,706
4,388
8,051
4,834
9,363
4,253
9,614
4,056
12, 612
1,472
11,027
1,266
12,061
1,034
11, 575
1,309
12,105
1,511
12,173
1,498
12, 742
1,484
13,037
1,503
12,874
1,473
13, 678
1,558
13,050
1,431
14, 215
1,424
10, 801
2,195
123
10, 895
2,060
117
10, 809
1,990
131
11,080
1,904
148
11, 385
1,909
231
11, 629
1,927
283
12,081
1,969
329
12,122
2,032
297
12, 363
2,092
226
12, 289
2,266
170
12, 753
2,393
148
2,009
5,456
185
251
519
63
1,924
5,750
179
248
553
1,927
5,821
160
241
485
54
1,914
6,194
146
243
482
50
1,980
6,385
138
240
461
40
2,045
6,474
140
247
472
41
2,131
6,724
154
259
473
40
2,120
6,747
170
250
467
39
2,100
6,934
193
275
501
42
2,163
6,653
206
281
503
47
2,189
6,867
224
301
569
63
217, 629
212, 603
210,078
209, 707
215,010
217, 685
223, 561
225, 751
228, 833
233, 963
239, 461
10,149
9,383
294
463
38,046
16, 997
10,095
10, 704
10,119
9,354
280
473
38, 025
16,866
9, 453
11,457
10,142
9,362
295
473
35, 347
16, 297
6,981
11, 857
10, 404
9,620
304
468
32, 666
16, 615
4.256
11, 596
10, 253
9,481
292
469
30, 290
16,887
2,149
11,085
10, 284
9,522
283
468
27, 672
15, 510
1,341
10, 628
10, 309
9,544
283
470
26,896
15,008
1,101
10, 631
10, 390
9,608
307
466
29, 022
16, 633
1,198
11,009
10, 405
9,606
332
456
31, 622
17, 332
2,385
11, 671
10, 416
9,606
351
450
35,483
15, 760
7,444
12, 011
10,463
9,635
367
451
39, 602
16,091
10, 677
12, 513
35,166
21, 247
6,784
6,987
34,489
20, 851
6,419
7,055
32, 651
20, 993
4,399
7,111
31,974
22, 398
2,507
6,941
30,573
22,174
1,632
6,665
28, 260
20, 697
1,078
6,392
27,740
20, 319
920
6,391
29,835
21,967
1,114
6,644
31,796
22, 653
1,937
7,066
33, 606
21, 869
4,242
7,332
36, 024
21, 985
6,182
7,675
7,773
7,182
589
157, 611
56,914
98,440
7,824
7,223
599
156,230
54.887
85,084
7,810
7,216
592
141, 480
43, 690
96, 716
7,829
7,250
576
120, 558
28, 971
89,459
7,802
7,252
548
110,983
21,124
87, 481
7,848
7,293
552
110,694
18, 357
90, 226
7,862
7,316
544
111,583
16,876
91,862
7,922
7,374
546
115,945
17, 894
95, 357
7,991
7,425
564
127, 795
22, 515
102, 575
8,152
7,534
615
144, 111
37,138
104, 246
8,195
7,566
626
161,750
50,964
107, 668
57, 356
35,086
21, 920
56, 232
33,907
21,960
48,911
28, 328
20, 424
39,030
20, 649
18,101
33, 761
16, 372
17,113
32,025
14, 504
17,174
31, 480
13, 573
17, 564
32, 231
13, 865
18, 045
36, 844
16,934
19, 583
46, 553
24, 711
21,468
56, 289
32, 315
23, 541
14, 226
GAS
Manufactured gas:f
Customers, total
thousands..
Domestic
do
House heating
do
Industrial and commercial
do
Sales to consumers, total
.mil. of cu. ft._
Domestic
do
House heating
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of d o L .
Domestic
do
House heating
do
Industrial and commercial
do
Natural gasrf
Customers, total
thousands..
Domestic
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft-_
Domestic
do
Ind'l., com'l., and elec. generation. _.do
Revenue from sales to consumers, total
thous. of d o L .
Domestic
do
Ind'l., com'l., and elec. g e n e r a t i o n . . . d o
» Revised.
•
§Data revised for 1939; see table 14, p . 17, of t h e April 1941 Survey.
° See note "&" on p . S-22.
cf Includes consumption in reporting company plants. ^Excludes consumption in reporting company plants.
• Monthly data for 1920-39, corresponding to averages shown on p. 97 of the 1940 Supplement, appear in table 28, pp. 17 and 18 of the December 1940 Survey; revised data
for all months of 1940 are shown on p. 41 of the June 1941 Survey.
©Beginning with February 1941, data do not include cellulose acetate safety glass sheets.
fRevised series. Manufactured and natural gas revised beginning January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and revenue
from sales beginning 1937 will be shown in a subsequent issue. Data on sales of paint, varnish, lacquer, and fillers cover 680 companies and replace the series for 579 companies
Digitized forpreviously shown in the Survey; earlier data will shown in issue.
FRASER
S-24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
August
September
5,913
6,055
8,605
5,291
5,240
8,384
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbL.
Tax-paid withdrawals
do
Stocks
do
Distilled spirits:
Production
thous. of tax gal..
Tax-paid withdrawals
do
Imports
thous of proof gaL.
Stocks
thous. of tax gal._
Whisky:
Production
do
Tax-paid withdrawals
do
Imports
thous. of proof gal._
Stocks
thous. of tax gaL.
Rectified spirits and wines, production, total
thous. of proof gal__
Whisky
do
Indicated consumption for beverage purposes:
All spirits
thous. of proof gaL.
Whisky
do
Still wines:
Production
thous. of wine gal. _
Tax-paid withdrawals
do
Imports
do
Stocks
do
Sparkling wines:
Production
do
Tax-paid withdrawals
do
Imports
do
Stocks
do
6,126
5,678
9,038
6,554
6,268
9,026
4,989
4.920
8,207
3,842
4,074
7,783
4,421
4, 521
7,446
4,432
3,970
7,672
21, 201 30,667
9,881
10,092 11,969
10, 505
1,549
855
(a)
549, 275 547,678 555, 462
20, 768
11,108
18,778
18. 535
9,233
558,967
567, 403
574,937
11,828
8,143
13, 632
6,832
13,088
6,519
505, 557
511,211
516, 456
5,943
5,040
4,583
3,772
6,006
4,627
9, 375 95, 884 130, 886 54,135
8,832
7,018
10,123
8,546
90
132
(a)
106,377 136,457 183,015 193,275
77
118
111
112
124
71
137
4
11
817
761
748
11,851
10, 633
4.438
3,763
8,148
3,697
3,218
7,801
4,466
3,814
8,262
5,170
4, 557
8,645
5,844
5.385
12,903
9,413
15,135
6,963
630
536, 917
15, 514
8,450
879
541,931
14,726
8,027
1,052
547,018
14,732
9,722
1,535
549,979
12, 521 11,075
8,992
9,281
727
860
551, 424 551,435
519, 790
12, 658
5, 823
568
491,301
12, 643
6,619
812
495, 735
11,860
6,147
991
500, 097
12,025
7, 531
1,448
503,040
9,560
7,210
788
504,081
6,249
4,881
3,387
2,838
4,211
3,380
4,399
3, 418
5,195
4,224
9,110
11,345
' 9. 536
' 11,130
' 9, 294
' 13, 515
'11,641
' 12,698
' 10, 724
1,667
6,984
107
150, 753
857
7. 933
141
143,154
1.709
8,051
134
135, 310
1,365
7,270
158
128, 003
1,636
7,843
125
117,887
2,663
7,580
169
111,570
63
34
539
50
35
6
551
141
40
7
647
151
52
7
744
119
59
6
794
95
61
5
811
143, 712
.31
130,106
53,126
16, 462
157, 594
.32
149, 655
59, 565
8,983
155,316
.33
163, 819
62, 342
17, 795
179,199
.36
217,216
74,366
56, 792
58, 055
2,290
72, 224
1,544
74, 250
1,871
82, 568
2,114
.17
50,120
' 37,131
10, 894
119,381
105,153
.17
61. 460
r 46, 029
15,122
109, 893
97, 496
.19
71, 070
' 55, 098
15,166
108, 335
94, 602
.21
98, 210
' 78,879
16,139
119,718
102,869
4,235
7,178
5, 020
8,743
7,822
7,773
8,292
19,366
7,333
43,383
7,111
60,153
8,865
40,687
6,300
45,875
5.90
3.85
5.00
3.20
5.00
3.20
5.00
3.23
5.00
3.43
5.40
3.45
5.48
3.60
5.80
3.70
5.56
3.85
3,853
296, 877
6,530
167, 703
9,355
205, 312
8,601
•252, 679
10,130
•350,495
6,223
216, 410
7,274
176, 624
7,340
136,073
7,228
126,160
10, 327
173, 838
5,897
2.74
5.348
2.26
6.414
2.26
6, 016
2.27
5,101
2.27
4,627
2.29
4,919
2.32
4,582
2.40
6,044
2.49
38, 794
39, 248
44. 972
44, 477
49,501
42, 475
35, 932
30,658
25, 972
18, 754
115, 883
21 598
131', 556
21, 353
127, 288
22, 480
132, 704
22, 769 22,027
22,179
132, 294 131,958 127,050
1,770
r 32,100
35,927
1,415
' 40,000
36, 831
1,631
' 46, 300
36,036
2,277
' 62, 500
36, 676
4,155
2,760
6,336
7,005
' 54, 900 ' 43,600 ' 37, 750 ' 35,100
31, 705 26, 975
37, 231 34,108
577,140
11, 486
6,417
5,393
4,3*8
7,764
6.571
9,424
13,834
7,104
7,602
6,606
9,212
(«)
653
111
1,423
499, 503 504,041
503, 567 501, 587
5,415
4,321
5,789
4,807
5.871
4,715
12, 248
10,084
13,028
11,017
15, 549
13, 561
6,330
5,167
()
C)
183, 560
114
150
664
DAIRY PRODUCTS
Butter, creamery:
Consumption, apparentt
thous. of lb__
Price, wholesale, 92-score (N. Y.).dol. per lb_.
Production (factory) t
thous. of lb..
Receipts, 5 markets
do
Stocks, cold storage, end of month
do
Cheese:
Consumption, apparent!
do
Imports!
do
Price, wholesale, No. 1 American (N. Y.)
dol. per lb_.
Production, total (factory) t
thous. of lb_.
American whole milkf
do
Receipts (American), 5 markets
do
Stocks, cold storage, end of month
do
American whole milk
do
Condensed and evaporated milk:
Exports:§
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. per case-.
Evaporated (unsweetened)
do
Production, case goods:t
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
thous. of lb.
E vaporated (unsweetened)
do
Fluid milk:
Consumption in oleomargarine
do.
Price dealers', standard grade.dol. per 100 lb.
Production (Minneapolis and St. Paul)
thous. of lb.
Receipts:
Boston
thous. of qt.
Greater New York
do
Powdered milk:
Exports
thous. of lb..
Production}:
do —
Stocks, manufacturers', end of month..do
TT\__:
J
l
»
~j
J
J
a-
j
.35
118, 780
45,170
63, 721
.25
72,105
58, 055
12,928
159, 973
132, 307
38, 350
28, 523
r
149,586 138,530 150, 700 147, 007
.37
.36
.35
.36
.36
212,682 196, 968 172, 547 149,746 136,406
78, 217 73, 993 60, 942 55, 666 53,025
120, 246 178, 493 200, 228 202,957 186, 635
70, 289
1,437
57,130
2,094
66, 496
1,758
.36
115, 053
43,433
152,484
.35
117, 865
48,149
114, 436
.26
67, 650
51, 651
13, 648
189,002
158, 238
1,340
' 52, 610
13, 542
201,613
171, 869
.26
69, 850
56, 075
14,356
165, 018
137, 276
5.90
3.85
5.90
3.85
5.90
3.85
7,999
8,017
8,126
281,147 •268,134 •257,649
7,086
•286, 736
3,079
310, 952
11,906
417, 643
12, 024
328,475
'9,000
252, 532
6,049
2.60
5, 764
2.66
6,230
2.70
6,113
2.73
27,159
29,018
35,194
21, 895 21, 802
132, 725 135, 906
20, 842
126, 453
21.162
130, 314
21, 250
126,383
• 26,050
18, 732
• 32,000
20,156
38, 350
22, 931
66, 765
1,464
.24
.26
.24
.22
87, 510 82, 500
105, 610 95,100
' 86,144 ' 77,861 ' 71, 518 ' 66, 861
21, 551 22, 212 15, 634 18,097
142,369 168, 420 184, 940 188, 337
121,064 139,568 151,906 156, 746
9,923
9,793
9,745
331, 285 297,981 '291,714
.35
121,410
47, 393
83,106
r
.26
78,300
'61,816
15, 784
188, 727
157,468
5.40
3.85
10, 494 10,062 11, 245
9,783
10, 009
189,711 261, 559 289,904 339, 716 382, 605
()
30, 200
21, 470
r
FRUITS AND VEGETABLES
Apples:
126, 076
Production (crop estimate)*!
thous. of bu.
3,951
4,936
Shipments. carlot
no. of carloads.
480
5,058
10,811
3,704
4,284
4,218
2,720
676
6,216
936
2,718
14,181
0
31,321
25. 732 • 20,162
Stocks, cold storage, end of mo.-thous. of bu.
17,078
10, 529
5,999
0
10,351
31,181
0
2,316
16,964
Citrus fruits, carlot shipments .no. of carloads.
18,052
15,604
18, 541
10, 316
23, 835
16, 937
14, 956 12, 219 10, 307
6,953
20,329
19, 869
1,671
1,857
Onions, carlot shipments..
do...
1,856
1,013
2,089
3,506
1,569
1,763
920
3,679
2,445
2,660
2,762
Potatoes, white:
1.944
2.330
2.719
1.590
1.806
1.845
2.163
Price, wholesale (N. Y.).
dol. per 1001b.
1.531
1.488
1.970
2.363
2.638
1.700
1357,783
Production (crop estimate)
thous. of bu.
13, 803
16, 556
18,442
8,273
i9,546
11,087
16. 515
13,996
21, 738
Shipments, carlot.-...no. of carloads.
17, 676
25, 762
22, 655
13820
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and
4,244
5,037
meal§
thous. of bu.
3,279
5,291
9,116
4,042
Barley:
574
284
162
178
Exports, including malt§
do.-_
166
123
232
Prices, wholesale (Minneapolis):
.69
.82
.55
.69
.77
.87
.55
.51
'.56
.87
.50
.51
.58
No. 2, malting.
dol. per bu.
.68
.55
.51
.52
.60
.76
.73
.51
.51
.52
.45
.54
No. 3, straight
do...
358, 709
Production (crop estimate)
thous. of bu.
5,442
10, 468 14,111
9,116
12,190
7,220
6,357
13, 239
Receipts, principal markets
do...
6,510
9,598
7,838
1,827
5,514
9,656
8,739
10,002
7,335
6,561
5,157
4,726
4,931
6,977
),681
Stocks, commercial, end of mo
do...
5,471
7,757
r
Revised.
* December 1 estimate.
§See note marked " § " on p. S-26.
^Production in "commercial areas." Some quantities unharvested on account of market conditions are included.
° The publication of detailed foreign trade statistics and data on consumption of alcoholic beverages has been discontinued for the duration of the war.
fFor
1939 and
1942 Survey. Revisions in production data
http://fraser.stlouisfed.org/ revised not shown1940 data for the indicated series on dairy products, see note marked "f" on p. S-24 of the February 170,869,000.
for January 1941
above are as follows (in pounds): Butter, 135,579,000; cheese, American, 36,936,000; evaporated milk,
Federal Reserve Bank {Heretofore data published currently represented only reporting companies. Beginning with this issue of the Survey, all data are estimates of total production comparof St. Louis
S-25
SURVEY OF CURRENT BUSINESS
April 1942
1942
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
February
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO—Continued
G R A I N S , ETC.—Continued
Corn:
Exports, including meal§
thous. of bu._
Grindings
do
Prices, wholesale:
No. 3, yellow (Chicago) X.
dol. per b u .
No. 3, white (Chicago)
do
Weighted avg., 5 markets, all grades-do
Production (crop estimate)
thous. of bu._
Receipts, principal markets
do
Shipments, principal markets
do
Stocks, commercial, end of month
do
Oats:
Exports, including oatmeal §
do
Price, wholesale, N o . 3, white (Chicago)
dol. per bu_Production (crop estimate)
thous. of bu_Receipts, principal markets
do
Stocks, commercial, end of month
do
Rice:
Exports §
pockets (1001b.)..
Imports
do
Price, wholesale, head, clean (New Orleans)
dol. per lb_.
Vreduction (crop estimate)
thous of bu_.~
Southern States (La., Tex., Ark., and T e n n . ) :
Receipts, rough, at mills
thous. of bbl. (1621b.)-.
Shipments from mills, milled rice
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
thous. of pockets (100 lb.)__
California :f
Receipts, domestic, rough..-bags (1001b.)..
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo_.bags (100 lb.) —
Rye:
Price, wholesale, N o . 2 (Mpls.).-dol. per b u - .
Production (crop estimate)
thous. of bu__
Receipts, principal markets
do
Stocks, commercial, end of m o n t h
do
Wheat:
Disappearance
do
Exports, wheat, including flour §
do
Wheat only §
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
dol per b u . .
No. 2, Red Winter (St. Louis)
do....
No. 2, Hard Winter (K. C.)
do.—
Weighted av., 6 markets, all grades.-do
Production (crop est.). total
thous. of bu__
Spring wheat
do
Winter wheat
do
Shipments, principal markets
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States, total
do
Commercial
do
Country mills and elevators
do
Merchant mills
do
On farms
do
Wheat flour:
Disappearance (Rus'l-Pearsall).thous. of b b L .
Exports§
do
Grindings of wheat
thous. of bu_.
Prices, wholesale:
Standard patents (Mpls.)
dol. per b b L .
Winter, straights (Kansas City)
do
Production:
Flour, actual (Census)
thous. of b b L .
Operations, percent of capacity
Flour (Russell-Pearsall)
thous. of b b L .
Offal (Census)
thous. of lb__
Stocks, total, end of month (Russell-Pearsall)
thous. of bbl._
Held b y mills (Census)
do
2 9, 732
558
7,219
40
8,811
175
9,549
1,016
9,194
295
9,421
1,370
8,736
1,211
9,514
2,834
9,676
.72
.78
.74
.74
.85
.71
.75
.84
.74
.75
.81
.73
.70
.75
.67
22,123
22, 712
43, 701
18, 776
15,124
27, 496
20, 555
39,137
2 8, 653
2 8, 579
10,118
.82
.90
.78
24,041
17,099
40,135
.76
.83
.72
12,672,541
24, 354
8,107
15, 847
13,193
39, 835
47, 946
29, 494
16, 280
50,311
6,720
11, 562
7,052
11,030
.53
11,176,10'
7,947
9,473
8,519
8,625
2 9, 256
.82
.96
.78
.62
.66
.58
.70
.62
.72
.67
30, 357
15, 849
13, 862
7,091
70,142
18, 628
9,280
71, 290
17, 403
14,012
65, 463
24,846
22,133
60,959
70
274
138
131
92
.56
.37
.39
.39
.37
.37
.36
5,670
7,483
3,050
4. 745
4,567
4,077
4,539
4,473
3,854
4,571
3,396
3,906
10, 575
7,328
.37
14,607
11, 771
10,414
13, 427
423,116
7,933
377, 894
7,282
440, 030
17,970
382, 981
23,168
320, 939
9,173
212,497
25, 095
262, 096
23,418
224, 709
4,709
.040
.042
.048
.049
.048
.044
.041
.043
.049
.064
i 54, 028
19, 244
19, 098
' 53,102
.71
.78
• 40, 099
224
113
.068
.48
.58
(a)
.068
1,325
763
722
415
171
99
72
312
650
2,191
2,321
2,099
1,148
1,315
1,135
1,182
1,131
837
703
463
548
822
1,278
1,425
1,772
1,700
3,307
2,675
2,050
1,457
861
712
1,683
2,627
3,007
2,508
'463,462 '471, 673 "549,090 •317, 389 "256, 626 •297, 638 '114,931 263,460
•214,816 •214, 208 "402, 817 •123,406 r 81,128
131,856
' 82,137 ' 72,446
354, 827
"394, 588 '414, 382 '302, 027 •302, 587 •324,405
'379,134 r337, 263
.52
.56
.55
.57
.60
.62
.68
792
3,282
961
2,490
3,758
6,944
4,944
2,603
5,486
5,639
5,269
4,951
11,077
14, 637
17,504
17,243
316,495
290,089
378, 554
260,941
465,182
137, 749
247, 542
210, 534
343, 001
.68
i 45,191
2,475
2,150
17, 474
17, 645
2,115
16, 785
2,583
229,404
97, 631
346, 680
234, 502
374, 565
385, 707
.78
.50
1,913
17, 029
337
5,462
2,484
56
1.25
1.31
1.23
1.21
176, 427
3,768
1,998
9,155
4,572
1,414
.90
'.89
.85
.95
.93
.87
.90
.97
.90
.94
9,432
.85
.78
.81
4,855
1, 246
11,716
17,114
•438, 599 439,533
'543, 063
141,897 139,119
131, 247
76, 675
193,244
8,531
768
40, 899
4.54
3.58
4.85
3.71
5.01
3.93
8,063
60.3
8,505
630,124
8,764
57.9
9,043
686, 551
5,425
5,900
3,923
5,225
458, 692
442,408
249,891
152, 598
38, 621
8,063
517
36, 575
6.33
5.74
8,479
63.8
663, 743
1.01
1.02
.97
428, 235
377
39, 792
158,188
2,711
106
9,002
59.5
9,374
706, 944
.64
164, 501
2,413
30
3,137
769
178, 704
5,767
3,771
1.00
1.03
1.06
1.08
L07
1.05
1.14
1.16
1.14
1.12
1.10
1.13
1.12
1.02
' 17,642
14,086
16,394
26, 611
30,987
429, 565
406,384
139, 513 151,896
73, 240
93,882
' 87,366
432, 504
8,843
672
39,045
8,386
554
38, 819
9,765
507
40, 625
8,293
504
39,123
10, 545
425
43, 247
5.32
4.32
5.42
4.77
5.42
5.06
5.76
5.36
6.00
5.63
()
44, 251
5.75
5.48
8,596
56.8
9,470
675,411
8,552
58.9
9,090
669,141
8,918
59.3
10, 332
703, 201
8,592
57.2
9,047
674, 351
9,495
65.8
11,170
745, 899
9,693
62.2
10, 553
766, 313
5,250
5,400
4,001
5,450
5,700
5,900
4,586
1.23
1.27
1.20
1.15
1945,937
274,644
1671,293
14, 579
14, 752
1.14
1.17
1.13
1.06
1.28
1.34
1.26
1.20
6,000
10,471
471,492
987, 607
270,835
207, 351
135,601
373, 820
258, 570
37, 560
42. 403
43, 611
5.88
5.44
6.30
5.74
6.48
5.86
8,216
59.6
9,283
61.8
9,532
63.5
650,110
732, 746
756,199
452, 018 476.307 473,995
1,152,108
246," 702 :274~629" 284, 920 "280," 588" 276,260
223,975
154, 902
"488,311
438,088
"3,961
LIVESTOCK
Cattle and calves:
Receipts, principal markets thous. of animals.
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Beef steers
dol. per 100 l b - Steers, corn fed
do
Calves, vealers
do
Hogs:
Receipts, principal markets thous. of animals Disposition:
Local slaughter
do
Shipments, total
—do
Stocker and feeder
.do
Prices:
Wholesale, heavy (Chi.)
dol. per 100 lb
Hog-corn ratio
bu. of corn per cwt. of live h o g s . .
1,467
1,313
1,503
1, 593
1,647
1,624
1,697
1,728
2,200
2,453
2,022
1,964
1,789
973
479
199
••826
'477
220
923
544
251
955
637
302
1,013
624
282
1,025
574
228
1,079
605
235
1,032
680
328
1,198
956
514
1,209
1,196
1,054
961
580
1,129
816
443
1,116
660
310
12.39
12.66
13.50
11.27
12.55
12.50
10.81
12.46
11.28
10.67
12.31
11.34
10.23
11.97
11.34
10.62
11.88
11.13
11.24
12.01
11.94
11.73
11.93
12.38
11.73
11.71
13.50
11.55
11.44
13.38
11.40
11.06
12.00
12.57
12.75
12.60
12.60
13.11
14.09
2,463
2,513
2,649
2,610
2,564
2,305
2,036
1,895
2,004
2,542
2,832
1,748
710
51
' 1, 814
'699
1,941
700
1,981
623
54
1,974
587
1,707
582
51
1,473
560
54
1,361
529
43
1,488
504
37
1,905
616
42
2,098
727
45
2,692
935
63
7.53
8.42
8.97
10.94
10.88
11.42
10.71
10.31
10.51
12.49
48
7.60
3,704
2,670
1,033
60
11.37
15.2
12.4
12.9
12.4
13.1
14.7
14.8
15.2
15.3
15.7
15.5
J
a
b
12.8
Revised.
December 1 estimate.
* For domestic consumption only, excluding grindings for export.
See note " ° " on page S-26.
Data not available. 14.5
§Data for 1939 revised; see table 14, p . 17 of the April 1941 Survey. JFor monthly data beginning 1913, see table 20, p . 18 of the April 1940 Survey.
the crop year beginning Oct. 1940, not shown above, are as follows: Receipts—Oct., 392,684; Nov., 213,870; Shipments—Nov., 169,292; Dec. 212,349; Jan., 85,455;
IRevisions for
Stocks—Oct., 501,889; Nov., 443,953; Dec., 394,152; Jan., 443,167.
http://fraser.stlouisfed.org/
r
Federal Reserve Bank of St. Louis
S-26
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1943
August
September
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Sheep and lambs:
Receipts, principal markets-thous. of animals.
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Ewes
dol. per 100 lb-.
Lambs
do
MEATS
Total meats:
Consumption, apparent
mil. of lb._
Exports §
do
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb..
Exports§
do
Price, wholesale, beef, fresh, native steers
(Chicago)
dol. per lb__
Production (inspected slaughter) _thous. of lb_.
Stocks, beef, cold storage, end of mo
do
Lamb and mutton:
Consumption, apparent
do
Production (inspected slaughter).
do
Stocks, cold storage, end of month
do
Pork (including lard):
Consumption, apparent
do
Exports, total
do
Lard
do....
Prices, wholesale:
Hams, smoked (Chicago)
dol. perlb..
Lard, in tierces:
Prime, contract (N. Y.)
-do
Refined (Chicago)
do
Production (inspected slaughter), total
thous. of lb_.
Lardf
do_...
Stocks, cold storage, end of month
_do
Fresh and cured
do
Lardf
do....
1,535
1,416
1,520
1,618
1,928
1,779
1,885
2,023
2,465
2,833
1,818
1,719
1,791
629
126
••848
569
128
890
632
131
972
648
113
1,079
853
154
933
834
150
971
924
241
922
1,104
377
1,004
1,406
592
1,018
1,820
523
905
945
379
1,016
699
1,036
754
197
6.48
11.25
5.63
10.09
6.27
10.29
6.75
9.88
4.81
10.44
4.10
11.13
4.41
10.75
4.84
10.88
5.14
10.98
5.22
10.63
5.44
10.57
6.06
11.20
6.34
11.88
1,069
21
1,139
1,310
89
1,221
30
1,216
1,282
83
1,186
28
1,215
1,294
1,292
97
1,178
730
64
1,418
1,271
1,102
116
429,195
1,079
464, 920
1,512
486, 031 558, 783 525, 989 569. 054 563,986
1,195
1,548
5,473
978
4,029
592,169
3,181
.196
513,157
146, 326
.180
410, 821
98, 444
.170
449, 098
90, 373
61, 701
8,149
60,991
60,800
4,448
62,355
62,328
4,378
579,099
17,603
14,830
' 1, 285 ' 1, 229 ' 1, 260 ' 1, 278
18
106
67
91
1,327
1,222
1,190
1,168
1,329
1,102
1,233
916
77
73
75
72
1,245
1,477
1,503.
1,435
649
64
1,394
720
73
903
105
1,728
'1,097
••125
635, 550
524,974
574,166
617, 671
.175
.170
.171
.175
.176
.173
.176
473, 364 538, 542 512,112 565, 041 557, 536 580, 536 642, 731
85. 563 76, 231 68, 442 65, 708 67, 489 73, 366 89, 793
.173
535, 884
114, 330
.191
575, 794 605, 041
'
135, 478 > 142,599-
65,301
64,752
4,130
61,833
62, 214
4,718
693, 704 '637,775
26,747
25. 305
24, 329
22,375
r
54,915
54,458
3,638
62,238
61,853
3,211
661,328 '647,951
14,213
51,439
10, 697 20,101
628,222
80,005
53,819
(a)
66,453
67, 206
4,783
55, 572
57, 244
6,432
64, 239
65,816
7,936
68, 451
58,781
^8, 22&
653,854 637, 395 716, 262
70, 508 97, 285
(a)
44,634
46,976
664,354
838,113
816, 538
60, 244
60,364
3,306
62, 276
63,094
4,093
()
.238
.248
.256
.275
.285
.296
.272
.265
.271
.299
.097
.095
.106
.101
.112
.104
.114
.103
.118
.111
.128
.104
.121
.104
.120
.106
.127
.112
.13&
666,956 704,487 679, 746 623,277 623,078
117,714 130.029 125, 746 139,714 115, 719
1,118,552 1,104,072 1,123,574 1,172,305 1,086,399
791, 910 785, 387 795,876 798, 455 703,893
326, 642 318, 685 327, 698 373,850 382, 506
594, 970
108, 395
959,146
618, 866
340, 280
549,836
773,182
485,108
288,074
534,503
92, 231
589,322
371,362
217,960
725,158
127,469
490, 694
313, 268
177, 426
800,819 1,042,675 1,053,759141, 579 190,337 *203, 206
526,735 655,049 rj823,129'
350, 270 468, 538 613,659
176,465 186, 511 209,470'
19, 863
101,129
28, 723
81, 206
33,368
85, 363
35,220
96, 701
49,351
127,981
77,720
172,913
.303
.218
.218
.121
.136
.062
.075
.070
.081
696,100
128,465
831,008
623,044
207,964
POULTRY AND EGGS
Poultry:
18,624
Receipts, 5 markets
thous. of lb
Stocks, cold storage, end of month
.do..
178,829
Eggs:
1,149
Receipts, 5 markets
thous. of cases. Stocks, cold storage, end of month:
521
Shell
thous. of cases..
Frozen
thous. of l b . . 73,694
19,159
163, 321
19, 324
126,904
2,073
30, 353
87, 433
1,972
28,188
85,573
1,508
1,337
876
833
701
587
6,427
178,594
6,641
195,097
6,131
194,006
5,441
178,438
3,857
153,843
1,670
129, 533
84, 224
218,392
27,302
206,120
1,110
1,520
307
45,239
1,090
63,428
5,375
3,031
99, 531 142,065
27,615
.0578
32, 218
.0718
31,304
.0731
36,028
.0795
34,395
.0799
25,218
.0782
16,841
.0787
24,257
.0814
()
.0820
1,136
975
2,260
1,576
1,428
2,012
1,110
945
2,135
1,141
968
1,731
627
513
1,215
454
296
591
518
376
444
847
744
72
706
624
768
970
1,073:
1,001
1,600
.090
1,709
.108
2,151
.115
2,224
.122
2,064
.134
1,879
.134
1,780
.132
1,580
.131
1,393
.133
1,327
.134
1,471
1,942
1,654
1,422
1,149
789
477
213
417, 387 459, 297 404, 252
331, 299
318, 644
291, S3$
.035
.035
.037
352, 584
350, 074
218,993
.059
.052
.060
.052
.064
.053
915
549
95, 538
331
r 76, 29$
TROPICAL PRODUCTS
Cocoa:
Imports§-._
.-longtons..
Price, spot, Accra (N. Y.)
dol. perlb..
Coffee:
766
Clearances from Brazil, total, .thous. of bags..
665
To United States
do
Imports into United States§
do
Price, wholesale, Santos, No. 4 (N. Y.)*
.134
dol. perlb..
1,102
Visible supply, United States.-thous. of bags..
Sugar:
Raw sugar:
Cuban stocks, end of month
thous. of Spanish tons..
United States:
Meltings, 8 ports
long tons.. 181,387
Price, wholesale, 96° centrifugal (N. Y.)
dol. perlb-.
.037
Receipts: From Hawaii and Puerto Rico
longtonsImports, total §
do...
From Cuba
do,.*
From Philippine Islands
do...
Stocks at refineries, end of month..do
199, 661
Refined sugar (United States):
Exports
long tons
Price, retail, gran. (N. Y.)
dol. per lb__
.066
Price, wholesale, gran. (N. Y.)
do
.053
Receipts:
From Hawaii and Puerto Rico .long tons.
Imports, total
do...
From Cuba
do...
From Philippine Islands
do...
Tea, imports
thous. of lb
2,460
2,195
r 1, 609
2,421
323,430
415, 675
.030
.033
.034
.034
.035
.035
.037
.036
95,057
276, 810
164, 919
106,397
296, 796
143, 375
278,863
222,179
54. 357
312,053
180,098
380,881
266, 675
85,001
460, 549
191,473
322, 567
199,483
117,032
608,701
195,169
239, 305
147, 705
78, 326
654,105
166, 355
211,202
127,864
63, 673
653,041
136, 027
210,190
143,198
16, 769
506,133
126,173
167,040
110, 468
13, 072
398,901
993
.050
.044
4,560
.052
.048
1,897
.055
.050
2,360
.056
.050
3,175
.056
.049
2,482
.056
.050
7,232
.057
.052
10.253
.058
.052
22, 737
23, 361
20, 251
2,857
8,863
29,442
47,461
41, 532
5,911
6,197
20, 612
58,108
52, 918
4,224
7,793
14,051
53, 264
48, 993
3,990
11,190
6,257
54, 551
49,144
5,365
9.752
5,412
27, 707
19,477
7,926
10, 679
4,946
19,025
16,036
446
7,766
.0935
1,116
13, 220
10,640
1,962
6,915
442, 264 426,159
405, 219 402,948
.035
(•)
(a)
(a)
(«)
355,071
()
.059
.052
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers—thous. of dol.. 26,101
20,411
17,219
30, 624
27,034
21, 227 18, 467 15, 512 14, 736 13,999
31,900
29, 705
25,843
Fish:
Landings, fresh fish, prin. ports.thous. of lb._ 13,853 • 29,341 37,224 47,033 54, 580 54,555 51,123
54,159
59, 355
49,521
42, 215
29, 522
16, 355
Stocks, cold storage, 15th of mo
do
35, 757 41,878 55,117 73,432 90,885 102,191 107, 574 115,432 117,805 ' 99, 97971,458
88,482
49,805
r
Revised.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 Survey.
b
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Data not available.
*New series. This series replaces the one for the price of coffee, Rio No. 7 shown previously. Earlier data are shown in table 13, p. 22 of this issue.
tRevised series; revisions beginning January 1937 appear in table 8, p. 18, of the January 1941 Survey; see also note marked " V which applies to both production and stocks.
f Includes fats rendered from hog carcasses now reported as "lard" and "rendered pork fat." Figures are comparable with data reported prior to November 1940.
S-27
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS
—Continued
•Gelatin, edible:
Monthly report for 7 companies:
Production
thous. of lb._
Shipments
do....
Stocks
do
Quarterly report for 11 companies:
Production
do
Stocks
do
TOBACCO
Leaf:
Exports, incl. scrap and stems §.. thous. of lb_.
Imports, inel. scrap and stems§
do
Production (crop estimate)
mil. of lb__
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb_.
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes.
_
..millions,.
Large cigars
thousands..
Mfd. tobacco and snuff
.thous. of lb__
Exports, cigarettes§
thousands..
Prices, wholesale (list price, destination):
Cigarettes, composite price._dol. per l,000__
Cigars, composite price.-.
do
Production, manufactured tobacco:
Total
thous. oflb..
Fine cut chewing
Plug
Scrap chewing
Smoking
Twist
1,686
1,513
5,935
1,850
2,545
5,240
1,847
2,205
4,882
2,028
2,055
4,856
6,977
7,804
14, 930
4,898
19,404
7,087
1,973
2,025
4,803
1,661
2,248
4,216
1,435
2,006
3,644
7,492
6,563
14,030
5,927
22, 699
6,526
14, 916
6,630
1,774
2,051
3,367
2,155
2,303
3,220
2,271
2,060
3,431
20,975
5,725
23,380
7,451
2,245
2,094
3,542
8,314
5, 026
6,329
4,720
26, 793
6,042
2,081
2,121
3,392
()
(a)
i 1, 280
3,594
3,349
'3,372
3,490
396
299
2,778
3
404
283
2,527
'371
258
2,618
4
339
251
2,784
4
19
99
22
109
21
21
91
16,628
441,805
24,426
14,465
385,349
25, 202
584, 281
15, 529
430,326
28,253
685,139
15, 854
490, 585
29,127
685, 513
17,858
475,067
29,232
926,183
18, 523
478,802
27,660
549, 338
18.404
487,033
28,835
521,326
5.760
46.190
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
22, 630
355
3,748
3,347
14, 719
461
24, 766
389
4,065
3,385
16,458
26, 246
402
4,406
3,745
17, 209
483
25, 462
427
4,288
3,524
16, 847
376
25, 346
441
4,229
3,910
16, 288
478
do
do
do
do
do
17,141
542, 906
27,376
16, 201
474,913
24, 265
19, 502
458,277
27,938
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
29,047
467
4,710
4,016
19, 341
514
24, 547
396
3,810
3,279
16, 631
430
22,129
415
3, 769
3,410
14,070
465
> 27, 365
415
4,045
3,673
14,990
479
12.48
10.288
4, 532
777
028
462
686
18, 761
506, 071
29,756
433,690
19, 632
621,990
32,179
5.760
46. 056
5.760
46. 056
5.760
46. 056
25, 732
458
4, 560
3,884
16, 348
483
24, 535
505
4,264
4,064
15, 200
501
27,166
467
4,476
3,962
17, 758
503
17,
491,
27,
843,
()
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports
thous. of long tons..
Prices, composite, chestnut:
Retail
dol. per short ton..
Wholesale
do
Production
thous. of short tons..
Stocks, end of month:
In producers' storage yards
do
In selected retail dealers' yards
number of days' supply. _
Bituminous:
Exports
thous. of long tons..
Industrial consumption, total
thous. of short tons..
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I ) —
do
Steel and rolling mills
do
Other industrial
do
Other consumption:
Vessels (bunker)
thous. of long tons..
Coal mine fuel
thous. of short tons..
Prices:
Retail (35 cities)__
-dol. per short ton..
Wholesale:
Mine run, composite
do
Prepared sizes, composite
do
Production!
thous. of short tons..
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons..
Industrial, total
do
Byproduct coke ovens
do
Cement mills
_
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
do....
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
159
180
97
309
335
223
304
404
11.66
9.826
4,432
11.66
9.805
4,595
11.67
9.799
3,198
11.64
9.779
3,858
11.57
9.807
4,891
11.88
9.939
4,681
12.17
10.073
5,246
12.41
10.209
5,143
12.46
10.301
5,380
12.42
10. 301
3,832
12.43
10.288
4,118
531
331
197
169
205
268
708
1,177
1,393
1,237
26
23
43
53
29
32
48
59
96
108
58
658
528
1,511
2,071
1,973
2,325
2,353
31,161
789
6,445
370
139
4,446
7,666
966
10, 340
34, 041
931
7,157
470
150
4,729
8,600
1,024
10, 980
29,023
148
6,404
489
136
4,164
7,006
946
9,730
31,199
850
6,871
596
134
4,916
7,755
837
9,240
30, 881
886
6,855
615
127
5,135
7,576
827
31, 510
908
7,107
660
128
5,215
7,799
833
32, 400
959
7,108
658
132
5,643
8,038
842
9,020
31,928
901
6,814
630
126
5,552
8,053
802
9,050
34, 978
968
7,050
676
143
5,913
8,742
886
10, 600
34, 555
835
37,192
1,021
7,352
588
149
5,892
9,226
984
11, 980
78
77
345
80
43
124
307
113
306
129
311
137
329
164
335
313
334
347
9.51
8.87
8.88
8.86
8.85
9.06
9.24
9.34
9.42
9.47
9.50
9.52
4.737
4.924
43, 840
4.367
4.615
41, 695
4.367
4.615
48,250
4.375
4.533
5,975
4.547
4.618
43,400
4.570
4.663
42, 774
4.618
4.724
43, 300
4.658
4.823
45, 650
4.677
4.883
46,880
4.703
4.922
49,800
4.713
4.930
43, 770
4.704
4.925
46, 667
4.732
4.926
48, 540
56, 720
50, 470
7,888
650
335
13, 290
9,662
995
17, 650
6,250
48, 518
42,518
9,890
440
247
10,944
7,216
1,041
12, 740
6,000
50, 690
45,590
9,854
562
247
11, 330
8,741
1,276
13, 580
5,100
35,971
31,891
4,970
390
188
9,014
5,658
721
10, 950
4,080
37,483
32,583
4,725
483
162
8,991
6,135
737
11, 350
4,900
42,929
37,249
5,913
559
225
9,988
6,604
720
13, 240
5,680
47,051
40,451
6,215
634
285
10,431
7,003
723
15,160
6,600
52,801
45,011
7,205
10, 912
8,111
775
17,070
7,790
56,994
48,044
7,292
709
331
11, 637
8,758
827
18, 490
8,950
61,401
51, 501
8,371
720
364
11,919
9,548
909
19, 670
9,900
61, 763
52,013
8,326
714
372
12, 427
9,726
908
19, 540
9,750
62, 737
53, 397
8,901
705
367
12, 821
10, 235
968
19, 400
9,340
• 58, 681
• 50,951
' 8,179
'647
'343
12, 660
' 9, 788
'964
18, 370
7,730
36
49
47
51
64
61
61
54
6.000
5.375
5.375
5.375
5.825
6.125
6.125
6.125
6.125
6.125
6.125
6.125
6.125
610
4,716
496
4,502
103
4,999
125
93
4,474
128
541
4,846
140
564
4,836
144
578
5,014
134
611
5,013
137
574
4,806
158
613
4,971
154
532
4,833
149
650
5,186
151
647
' 5, 224
12.48
10.288
4,739
35,097
957
497
142
5,160
8,879
937
11, 840
313
(a)
628
143
5,532
8,747
912
10, 910
' 38, 476
1,016
' 7, 404
'564
'148
' 5, 913
' 9, 685
' 1,046
12, 700
COKE
Exports
thous. of long tons..
Price, beehive, Connellsville (furnace)
dol. per short ton..
Production:
Beehive
thous. of short tons_
Byproduct...:
do
Petroleum coke
do
!
' Revised.
December 1 estimate.
« The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
6
Includes 3,763,000 pounds of snuff, not available b y months, heretofore.
% D a t a for 1938 revised. See p . 45 of the August 1940 Survey.
Data for 1939
for§ FRASER revised; for exports, see table 14, p . 17, and for imports, table 15, p . 18 of the April 1941 issue.
Digitized
(a)
S-28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
FUELS AND BYPRODUCTS—Continued
COKE—Continued
Stocks, end of month:
Byproduct plants, total.thous. of short tons..
At furnace plants
do
At merchant plants
do
Petroleum coke
do
1,708
832
876
228
1,510
126, 772
(a)
1.110
126,145
89
121, 539 124, 985
119,032
1.110
1.110
123, 355 128, 293
1.110'
128, 262
82
63, 847
34, 875
203,481
41,975
161,506
1,931
62, 941
34, 852
201,048
42, 446
158,602
1,821
62, 745 63, 378
35, 596
35,082
200,602 203,423
43,154
42,546
158, 056 160,269
1,458
1,723
22, 768
37, 767
207,859*
45,085
162, 774
1, 373
1,793
5,460
2,661
.058
1,655
5,435
2,331
.059
1,841
6,049
(a)
.058
.054
.051
.050
28. 624
15,746
29, 836
15, 409
28,118
16, 024
30,871
16, 554
29, 666
16, 230
31,127
17.142
29, 405
16,902
20,914
30,620
21,909
34, 337
23, 562
36, 845
25, 224
39, 726
26,198
42, 028
25,118
42, 261
24, 855
38, 895
20, 860
30, 825
59, 307
1,257
58, 360
1,184
63, 093
1,212
62, 944
1,355
58, 995
2,211
.049
.135
.131
53, 768
277
22, 131
26, 380
4,980
3, 688
2,220
.053
.143
.137
58, 258
288
23, 881
28, 908
5.181
3, 541
2,383
.058
.149
.138
56, 987
274
23, 140
28, 478
5,095
3,648
2,327
.060
.149
.139
59, 609
271
23, 962
30,124
5, 252
3, 769
2,543
.060
.149
.140
60, 740
277
24, 790
30, 034
5,639
4,237
2,584
.060
.149
.140
60,167
266
24, 039
30,198
5,664
4,854
2,349
.060
.149
.140
62, 288
296
24, 712
31, 328
5,952
5,123
2,340
.060
.149
.141
61,243
287
24, 244
30, 718
5,994
4,717
2,194
.060
.149
.139
63, 573
323
24, 913
32, 255
6,082
4,622
2,198
.060
.150
.141
60,140
208
22, 725
30, 324
6,88a
91, 501
64, 468
5, 331
88, 414
61, 186
5,504
85, 425
57, 357
5,856
82,411
52, 856
6,235
77, 429
49, 092
6,317
73, 094
45, 463
6,111
72, 761
46,151
5,373
74, 698
46,417
4,870
79, 378
49, 351
4,557
86, 413
56, 325
4,275
93, 48964, 996
4,802
6,484
54
6, 778
124
5,549
158
4,504
118
3,918
101
4,270
95
4,449
52
5,624
295
.054
5,888
7,634
.054
6,033
6,724
.054
6,068
7,063
.054
6,033
8,421
.057
5,218
9,609
.059
5, 406
10, 635
.062
5,850
11, 636
.063
5,949
11, 662
.063
6,355
11, 670
.064
6,443
10, 843
.064
6, 682
9,599
.064
6,634
6,987
1,798
.160
3,494
7,487
.160
3,607
7, 752
.160
3,554
8,127
.160
3,497
466, 500
604,000
382,000
695, 000
1,391
774
618
375
1,337
845
492
375
1,401
694
706
400
1,405
741
100, 445
3,321
.960
100, 791
83
111,059
3,876
.960
112,817
83
111,106
4,132
1.010
111,080
85
119,435
3,701
1.035
69, 833
36,985
220,046
42, 260
177, 786
1,162
1,383
869
514
68, 661
37, 451
221,319
41, 649
179,670
1,184
1,586
4,511
2,487
.044
1,428
849
578
382
1,450
874
577
367
1,612
950
662
372
1,580
116,976
115,935
4,488
1.110
115,027
121,180
4,657
1.110
118, 251
124, 572
4,319
1.110
121, 354
90
121,481
4,790
1.110
119,446
67, 256
37, 272
221,120
42, 528
178, 592
1,612
66,256
36, 221
218,J355
41, 595
176,760
1,615
65, 735
34,961
216,454
43,526
172,928
1,620
66, 454
35, 651
212,132
44, 472
167,660
1,934
64,729
3*, 560
207, 225
43, 483
163, 742
1,836
1,677
5,061
2,569
.044
1,658
4,895
2,823
.045
1,592
5.040
2,836
.048
1,325
5,147
2,488
.053
1,620
5,339
2, 633
.057
25,944
14,732
27, 677
15, 387
26, 748
14, 692
27,994
15, 546
27, 882
14, 697
21,154
25,542
21,086
23, 293
19, 822
24,449
20, 891
27.353
42, 00 i
1,079
48, 760
1,287
55,154
1,232
.044
.127
.123
48, 374
280
20,112
23, 417
4, 565
3,510
1,732
.045
.129
.124
53, 409
317
21, 995
26,181
4,916
3,981
2,019
88, 609
61, 756
5, 311
385
699
370
1,616
871
745
362
817
851
390
••817
692'
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills).__thous. of bbL.
Imports §
do
Price (Kansas-Okla.) at wells..-dol. per bbL.
ProductionJ
thous. of bbL.
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do
East of California, totalt
do
Refineries X
do
Tank farms and pipe lines %
do
Wells completed^
number..
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbL.
Railways (class I)
do
Vessels (bunker)
do
Price, fuel oil (Pennsylvania)*.dol. per gal..
Production:
Residual fuel oilt
thous. of bbL.
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of Calif
do....
Gas, oil and distillate fuels, total...do
Motor fuel:
Demand, domestic^
thous. of bbL.
Exportst
do
Prices, gasoline:
Wholesale, refinery (Okla.)-dol per galWholesale, tank wagon (N. Y.)f do
Retail, service stations, 50 cities*-_-do
Production, totalt
thous. of bbL.
Benzol %
do
Straight run gasoline t
do...
Cracked gasolmet
do.. .
Natural gasolinet
do. _ _
Natural gasoline blended}
do
Retail distribution
mil. of gaL_
Stocks, gasoline, end of month:
Finished gasoline, totall__-thous. of bbL
At refineries
dc...
Natural gasoline
do__.
Kerosene:
Consumption, domestic
do...
Exports^
do.-Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gaL
Production
thous. of bbl
Stocks, refinery, end of month
do...
Lubricants:
Consumption, domestic}
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per galProduction
thous. of bbl
Stocks, refinery, end of month
do._Asphalt:
Imports§
short tons.
Production
do. _ _
Stocks, refinery, end of month
...do...
Wax:
Production
thous. of lb_
Stocks, refinery, end of month
do.__
1.110
1,529
".052
.060
.152
.141
.063
2,263
2,712
2,732
3,171
3,074
2,562
2,813
8,637
.100
3,213
8, 363
.103
3,322
7,835
.123
3,520
7,353
.140
3,563
7,107
.143
3,561
7,206
.154
3,427
7,415
9,579
373, 300
831,000
579
488,900
933, 000
2, 452
601, 800
964, 000
4,366
634, 500
841,000
0
687,100
713, 000
0
740, 700
605, 000
0
680, 200
474, 000
38, 920
119,150
51, 240
121,887
56, 280
116,096
57, 400
118, 456
54,600
110, 481
55, 440
101,434
54, 320
85, 824
66, 360
79, 458
* 1, 956
6,328
1,867
6, 495
2,638
.094
2,522
8,790
306, 400
760, 000
.160
1,731
5,723
)
694, 400 580, 700
451, 000 512,000
67, 760 68, 880
75, 467 76, 413
60,200 I
74.814 I
55,160
72, 800
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins§
thous. of l b . Calf a n d k i p skins§O
thous. of pieces. Cattle hidesO
do
Goat and kid skins§O
do
Sheep and lamb skins§O
do
Livestock (federally inspected slaughter):
Calves
thous. of animals-.
Cattle
do
Hogs
do
Sheep and lambs
do
r
35,411
223
400
3,711
3,507
39, 540
260
560
3,472
2,447
50, 665
297
665
3,107
5,755
56, 267
257
828
4,150
3,651
53,572
229
823
5,325
3,232
50, 686
173
731
3,723
4,099
61,899
242
888
3,265
5,335
48, 944
215
721
3,717
2,371
717
3,725
1,391
444
766
3,904
1,408
507
792
3,807
1,436
501
908
4,023
1,551
440
867
3,336
1,378
445
968
3,006
1,569
414
968
2,796
1,522
447
1,004
2,920
1,567
()
(a)
(a)
(a)
()
392
891
3,892
1,407
536
1,119
4,157
1,682
476
941
4,561
1,424
457
1,004
5,767
1,571
440
1,057
5,831
1,611
Revised.
IRevised to exclude for East Coast district, stocks of "shuttle oil" and stocks transferred to the U. K. pool board.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
*New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p . 14, of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p . 16, of the March 1941 Survey.
fExports of motor fuel revised; for data for 1913 to 1939, see table 54, p . 16, of the December 1940 Survey; for data for all months of 1940, see note marked " t " on p . S-28
of the August 1941 Survey. Data beginning January 1941 include mineral spirits; the comparability of the series is affected to a negligible extent by the inclusion of this item.
For revised series on wholesale tank wagon (N. Y.) price of gasoline, see table 6, p. 18, of the January 1941 Survey. Gas and fuel-oil consumption in electric power plants
revised for 1939; see p . 45 of the August 1940 Survey.
JRevised data for 1939 appear in table 1, p . 17, of the January 1941 Survey.
§Data revised for 1939; for exports, see p . 17, and for imports, p . 18 of the April 1941 Survey.
©Data are here reported in pieces instead of pounds as formerly shown in the Survey. Earlier data on the new basis will be shown in a subsequent issue.
S-29
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
1941
February
March
April
May
June
July
1943
August
September
October
Novem- December
ber
January
LEATHER AND PRODUCTS—Continued
HIDES AND SKINS—Continued
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb_
Calfskins, packers', 8 to 151b
do_-_
LEATHER
Exports:
Sole leather§
thous. of lb_
Upper leather§
thous. of sq. ft.
Production:
Calf and kip
thous. of skins.
C attle hides
thous. of hides.
Goat and kid
thous. of skins.
Sheep and Iambi
do
Prices, wholesale:
Sole, oak, bends (Boston)*
dol. per lb.
Chrome, calf, B grade, black composite
dol. per sq. ft_
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides.
In process and
finished
do
Raw
do
LEATHER MANUFACTURES
Clloves and mittens:
Production (cut), total
dozen pairs.
Dress and semidress
do.-_
work
do__.
Boots, shoes, and slippers:
Exports§
thous. of pairs_
Prices, wholesale, factory;
Men's black calf blucher
dol. per pair_
Men's black calf oxford, corded tip-do.__
Women's colored, elk blucher
do.,_
Production, boots, shoes, and slippers:^
Total
thous. of pairs _
Athletic
do.-_
All fabric (satin, canvas, etc.) do_._
Part fabric and part leather
do___
High and low cut, leather, total,_do.__
Government shoes*
do_-_
Civilian shoes:
Boys' and youths'
do
Infants'
do___
Misses' and children's
do___
Men's
do-__
Women's
do - _ _
Slippers and moccasins for housewear
thous. of pairSAll other footwear
do_._
974
2,482
3,981
4,555
0.124
.216
0.129
.225
0.137
.240
0.147
.245
0.153
.234
0.150
.218
0.150
.218
0.153
.218
0.155
.218
1,278
3,416
0.155
.218
2,799
3,781
14
3,871
14
4,321
77
2,268
11
4,363
24
4,889
1,368
3,346
()
1,014
2,120
3,064
1,151
2,155
' 3,447
' 3, 799
1,102
2,208
' 3,698
r 4,142
1,033
2,256
3,653
1,098
2,232
3,997
1,170
2,373
4,269
1,181
2,375
3,365
1,084
2,389
4,107
4, 438
r 4,633
1,209
2, 659
4,588
4, 796
' 3, 877
.400
.409
.396
.531
.480
.486
.495
13, 656
9,370
4,286
13,221
8,958
4,263
13,009
8, 685
4,324
204, 313
127, 698
76, 615
13, 932
8,774
5,158
235, 700
146,597
89,103
243, 889
149, 529
94,360
241
237
219
• 4,698
r
.412
.425
.428
.503
13,184
8,603
4,581
.518
.508
13, 387
8,509
4,878
r 4, 789
.431
.510
4, 508
.441
0.155
.218
0.155
.218
1,002
2,438
3,836
r 1, 048
' 2, 572
r 4,441
'922
r 2, 630
r 4, 226
4, 408
4,303
4,163
.447
.448
'.448
(a)
r
r
0.155
.218
T
.444
.522
.516
13,496
8,374
5,122
13,998
8,490
5,508
.525
14,277
8,780
5,497
266, 236 249, 638 258, 435 292,122 246,104
158,949 147, 823 155, 805 179, 332 161, 399
107,287 101,815 102,630 112, 790 84, 705
283,391
173,020
110,371
221
13, 479
8,659
4, 8)20
158
148
13,497
8,459
5,038
.529
.531
• 13, 989
r 8, 852
r
5,137
• 14,118
242, 529
144, 299
98,230
194,067
106, 348
87,719
185, 349
108,156
77,193
' 8, 818
' 5, 300
309
198
6.36
4.35
3.55
6.40
4.39
3.55
6.40
4.40
3.55
6.40
4.55
3.56
(a)
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.27
3.30
6.15
4.35
3.30
6.15
4.35
3.30
6.23
4.35
3.45
6.25
4.35
3.55
38, 682
324
493
1,650
33,196
1,128
43,154
397
471
1,408
36, 886
1,158
43, 482
416
610
1,154
36,429
1,252
41,853
437
594
910
34, 766
1,149
40, 463
471
300
854
33, 231
1,215
45, 237
509
258
684
38, 219
1,215
45,465
516
225
816
37,885
1,360
43, 815
512
273
1,017
35, 558
1,324
45, 704
555
271
1,004
36, 906
1,474
34, 795
478
223
852
27, 644
1,170
38, 451
442
337
1,052
32, 654
1,737
39, 543
357
435
1,320
34, 667
2,126
1,260
2,021
3,973
8,881
15,932
1,461
2,336
4,234
9,531
18,167
1,555
2,266
3,996
9,958
17,402
1, 664
2,289
3,833
10,184
15, 647
1,683
2,549
3,872
9,734
14,177
1,825
2,558
4,251
10, 291
18,079
1,696
2,487
4,052
10, 355
17,935
1,812
2,403
4,025
10,473
15, 522
1,910
2,585
4,378
11, 931
14, 627
1,399
2,163
3,491
9,600
9,821
1,535
2,296
3,888
10,410
12, 789
1,399
2,145
3,818
9,858
15, 320
2,363
655
6.40
4.60
3.60
6.25
4.35
3.55
3,008
984
3,787
1,086
3,993
1,153
4,474
1,134
4,892
675
5,588
435
6,019
436
6,516
453
5,164
434
3,509
459
1,995
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ftSawed timber §
do___
Boards, planks, scantlings, etc.§
do___
Imports, total sawmill products
do___
National Lumber Mfrs. Assn.:f
Production, total
mil. bd. ft_
Hardwoods
do
Softwoods
do _ _ _
Shipments, total
Hardwoods
Softwoods
Stocks, gross, end of m o n t h , total
Hardw T oods
Softwoods
FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
(a)
60, 921
7, 755
42,140
67, 504
50,968
2,541
35, 284
65,828
7,916
39, 838
79,734
53, 308
4,399
40,168
95,057
51,977
7,404
37,422
115, 745
84,272
7, 557
67, 635
135,018
61, 793
11,371
46, 586
178,887
51,163
7,250
34, 090
152,190
do__do - _ _
d o . _.
do_._
do _ _ do__-
2,248
372
1,876
2,461
369
2,092
5,930
1, 353
4,577
2,177
325
1,853
2, 232
359
1,873
6,329
1,421
4,908
2,395
327
2,068
2,391
369
2,023
6,333
1,380
4,953
2,568
381
2,187
2,512
387
2,125
6,406
1.374
5,031
2,609
372
2, 238
2,610
405
2,205
6,462
1,342
5,120
2,581
370
2,211
2,676
410
2,266
6,393
1,303
5,090
2,734
375
2,359
2,907
423
2,484
6,355
1,332
5,023
2, 895
380
2, 516
3,022
412
2,611
6,220
1, 299
4,921
2,716
377
2,339
2,784
418
2,366
6,154
1,280
4,874
2,755
394
2,361
2,786
432
2,354
6,130
1,243
4.887
2,315
364
1,951
2,257
373
1,884
6,169
1,234
4,935
2,494
382
2,112
2,489
371
2,118
6,306
1,355
4, 951
2,396
376
2,020
2,592
381
2,211
6,110
1.349
4,761
M bd. ftdo__.
do. _.
do _ _.
do___
7,150
9,600
7,550
7,100
14, 250
8,225
11, 600
6,650
7,650
18, 350
7,900
11,350
7,800
8,300
18, 350
8,075
11,175
8,275
8,325
18, 200
9,300
11,175
9,000
9,500
17, 750
10, 350
11, 450
8,750
10,125
16, 675
12, 800
13, 925
8,200
10, 325
14, 800
9,050
13,175
8,950
9,800
13, 425
7,000
11,500
7,600
8,800
12, 200
7,650
10,900
8,900
8,300
12, 850
5,050
8,900
7,500
7,150
13,100
7,225
9,050
8.075
7,350
13, 625
7,775
9,975
7,175
7,075
14,075
39, 369
48,097
36, 719
37, 788
58, 601
45, 981
54,985
38, 409
35, 677
74, 235
45, 931
62, 250
40, 369
40, 666
73,938
58, 267
74, 089
43,227
46, 428
70, 737
54, 442
78,173
46, 761
50, 358
65, 533
53, 489
79, 516
48, 686
52,146
61, 580
60, 524
81, 988
51,865
57,150
51, 038
44,781
74, 305
49, 925
53, 464
44, 962
36, 363
60, 460
47, 432
48, 939
41, 955
34,
52,
49,
48,
43,
28,102
42, 549
40, 910
38,014
48, 278
34, 286
42,035
42, 697
35,100
55, 875
40, 749
46,235
41, 647
36, 549
60, 673
24, 347
6,555
17, 792
12, 651
1.365
11,286
17, 517
4,893
12, 624
13, 435
3, 563
9,872
19, 901
5,940
13, 961
18, 743
6,615
12,128
28.069
7,915
20,154
19, 970
5, 580
14, 390
24. 990
24. 990
24. 990
24. 990
24. 990
25. 970
25. 970
27.146
28. 665
28. 910
29. 498
32. 095
35. 280
36. 260
36. 260
38. 808
41.160
41.160
42. 336
44.100
do.. _
do._.
do...
do. _ _
do---
Douglas flr: SOFTWOODS
Exports, total sawmill products §-.-M bd ftSawed timber §
do__.
Boards, planks, scantlings, etc.§
do..Prices, wholesaleDimensions, No. 1, common*
dol. per M bd. ft
Flooring, B and better, F. G., 1x4, R. L.*
dol. per M bd. ft.
32.340
44.100
35. 280
35. 280
35. 280
35. 280
(a)
(a)
()
080
446
227
094
088
(°)
'Revised.
§Data for 1939 revised; for exports see table 14, p. 17, and for imports, table 15, p. 18 of the April. 1941 Survey.
JData beginning 1940 include fleshers and exclude skivers.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
fRevised data for 1939 and January and February 1940 appear in table 17, p. 17 of the May, 1941 Survey.
*New series. The price series on sole, oak, bends at Boston replaces the series shown in previous issues of the Survey for the price of sole, oak, scoured backs at Boston.
Earlier data will be shown in a subsequent issue. Separate data for leather shoes made under Government contracts are available beginning 1941. Production for January,
1941 not shown above was 1,086,000 dozen pairs. These shoes include, for the most part, men's dress and semidress and work leather shoes. However, a small number of
pairs other than men's leather (nurses, athletic etc.) made for Government contract are included. The total has been included with men's leather shoes in previous issues
of the Survey. Data beginning 1922 for the new series on lumber prices appear in table 16, p. 17 of the May 1941 Survey.
for 1941. Revisions for January are as follows: Total, 37,283; all fabric, 400; part fabric, etc., 1,606; high- and low-cut leather, total, 32,592; government shoes,
^Data revised
1,103; infants', 2,222;
http://fraser.stlouisfed.org/ misses' and children's, 3,920; men's, 9,171; women's, 14,816; slippers and moccasins, 1,795; all other, 511.
Federal Reserve Bank of St. Louis
S-30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
June
May
SepAugust tember
July
October
1942
Novem- Decem- Januber
ber
ary
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Southern pine:
Exports, total sawmill products
M bd. ft..
Sawed timber
do
Boards, planks, scantlings, etc
do
Orders, newt
mil. bd. ft..
Orders, unfilled, end of month
do
Prices, wholesale:
Boards, No. 2 common, 1 x 8 *
dol. per M bd. ft_.
Flooring, B and better, F. G., 1 x4*_.do.._.
Production!
mil. bd. ft-.
Shipments!
do
Stocks, end of month
do
Western pine:
Orders, newf
do
Orders, unfilled, end of month!
do
Price, wholesale, Ponderosa, boards, No. 3
common, 1x8*
__dol. per M bd. ft..
Production!
mil. bd. ft..
Shipments!
do
Stocks, end of month
do
West coast woods:
Orders, new!
do
Orders, unfilled, end of month
do
Production !
do
Shipments!
do
Stocks, end of month
do
Redwood, California:
Orders, new
M bd. ft..
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
FURNITURE
All districts:
Plant operations
percent of normal.-.
Grand Rapids district:
Orders:
Canceled
percent of new orders-.
New
no. of days' production..
Unfilled, end of month
do__.
Plant operations
percent of normal..
Shipments
no. of days' production-.
Prices, wholesale:
Beds, wooden
1926=100.
Dining-room chairs, set of 6
do.. _
Kitchen cabinets
do. _.
Living-room davenports
do...
Steel furniture (see Iron and Steel Section).
858
30.653
54.708
738
806
1,307
8,991
750
8,241
'856
542
7,761
746
7,015
'839
553
15,911
2,612
13, 299
'888
580
12, 573
259
12,314
'970
646
12,679
1,159
11, 520
'1,076
824
45,111
586
44,525
' 1, 216
952
16, 941
3,104
13,837
'893
762
10, 486
1,471
9,015
'885
715
32. 368
48.720
31.828
49.323
••931
'828
1,642
31. 560
49.534
'956
'861
1,737
30. 813
48. 990
'962
'904
'1,797
30. 283
49. 580
'850
'898
1,747
31.946
51. 630
'931
' 1,088
1,590
34.550
54.978
'949
' 1,083
1,456
480
502
490
560
535
607
642
478
1,469
27.68
570
516
1,523
637
628
27.55
614
543
1,593
523
554
28.03
29.37
673
684
593
611
' 1, 665 ' 1, 733
749
735
'750
'770
888
797
787
'672
'754
867
771
814
'703
'761
838
'825
1,539
323
468
400
31.46
279
374
1,471
27.40
265
374
1,551
27.42
343
414
1,479
710
894
658
692
968
660
701
••677
'644
889
799
746
'767
885
28, 901
48, 415
33, 700
32, 738
267, 276
38,172
50, 930
31, 622
33, 233
262, 805
83.0
73.0
75.0
76.0
75.0
7.0
20
58
82.0
22
6.0
22
42
73.0
5.0
22
42
74.0
21
6.0
20
40
74.0
19
4.0
32
54
74.0
20
101.0
83.5
100.9
89.4
87.2
83.5
100.9
90.4
87.2
85 2
102. 5
90.8
87.2
87.2
103.9
'93.4
87.2
'760
883
'700
'722
831
705
772
'822
'834
819
()
(a)
)
'861
633
'771
603
'800
621
1,050
796
33.050
52.782
'898
'932
1,422
31.013
52.050
'896
'943
1,375
30. 813
52.393
'824
'801
1,398
30. 804
53.596
'809
782
1, 425
30.620
54.330
825
875
1,375
543
479
542
401
387
345
491
421
516
519
30.42
357
415
1,721
30.73
263
418
1,566
()
29.97
661
619
1,775
30.73
636
620
' 1, 788
30.71
436
443
1,779
r 742
'741
821
671
607
'787
'760
854
590
587
'678
'617
929
946
827
'747
' 719
971
861
926
717
701
991
38, 371 46, 421 42,918 43,026
30, 391 27, 665 31, 540 26, 781 29, 688 41, 252
52, 724 58,493
64, 684 65,422
55, 204 44, 532 37,142 34, 860 41, 696 49, 873
34, 058 39, 835 39,940 42, 646 47, 272 43, 703 45, 658 38, 671 30, 698 35, 642
37,105 40, 461 37, 700 40, 810 42, 221 39,068
38, 318 29, 910 22, 877 32, 292
255, 390 249,358 246, 446 246,431 244,169 242, 763 243, 225 248,440 253.061 249,176
82.0
87.0
88.0
90.0
87.5
82.0
79.0
4.0
26
62
78.0
20
3.0
35
70
77.0
25
3.0
27
72
82.0
28
3.0
33
76
84.0
32
4.0
30
75
88.0
32
5.0
33
75
88.0
27
15.0
15
59
86.0
28
8.0
22
59
81.0
24
93.0
103.9
94.4
93.3
95.0
105.5
97.4
93.3
93.5
108.2
97.4
93.3
96.1
108.2
99.3
98.9
96.3
111.6
102.0
104.2
98.0
113.6
102.0
104.2
101.2
115.0
102.0
104.2
101.2
118.9
102.6
104.2
38.15
38.15
38.15
6,501
7,607
45, 535
40, 245
5,290
7,062
823
40,457
35, 563
4,894
7,158
0
33,919
29, 627
4,292
60, 745
66, 738
68,983
56, 587
71,311
70, 744
105, 556
68, 741
65,217
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
long tons_.
Scrap
do
Imports, total
do
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton..
Scrap:*
Consumption, total
thous. of short tons-_
Home scrap
do
Purchased scrap
do
Stock, consumers', total
do
Home scrap
do
Purchased scrap
do
38.15
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons-_
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Imports, total
do
Manganese ore, imports (manganese content) §
thous. of long tons. .
6,403
0
27, 526
23, 835
3,691
600, 240
74, 378
796
150
38.22
567, 227
54,383
6,273
5,401
38.27
537,921 697, 732 706, 580
59, 905 80, 255 65,486
11,049
18,380
9,418
16,405
4,259
635,809
120,152
2,620
1,094
472, 734
62, 894
5,633
3,758
457,685
59, 018
10,190
6,473
38.15
38.15
38.15
38.15
38.15
38.15
38.15
115,613
18,611
17, 002
5,051
1,550
3,501
5,026
2,744
2,282
4,911
1,473
3,438
5,139
2,792
2,347
4,814
1,504
3,310
5,072
2,783
2,289
4,516
1,470
3,046
5,582
3,145
2,437
4,089
1,322
2,768
6,612
9,564
43,946
38,852
5,094
114, 712
i 8, 335
16,377
5,220
1,673
3,547
(a)
(a)
(a)
(°)
5,673
0
24,195
21,100
3,096
178
6,412
0
17, 761
15,407
2,353
182
5,802
6,919
16,937
15,002
1,935
185
6,232
11,007
21,817
19,551
2,266
180
6,231
10, 731
26, 630
23, 919
2,710
225
6,497
11,331
31, 597
28, 257
3,341
196
6,534
11,430
36,469
32,457
4,012
223
6,448
10, 243
40, 770
36,106
4,664
206
31
49
15
53
50
33
65
62
76,055
63,331
62,066
86, 293
66, 208
67,415
84, 751
76,170
73,066
83,218
70, 278
71, 740
75,075
71, 209
70,179
77,312
67,010
68,310
68,945
68, 570
64, 250
64, 283
69,175
67, 532
70, 528
84, 296
82,004
i13,692
4,670
4,822
4,665
5,049
()
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short tons_.
Production
do
Shipments
do
Pig iron:
Consumption
thous. of short tons.
Furnaces in blast, end of month:
Capacity
short tons per day.
Number
66, 292
65,140
62, 724
113,711
153,600 153,190 155, 020 157,165 156, 265 156,855 162,140 159, 270
211
211
214
213
216
215
216 I 217
r
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Revised.
1
Data are for the quarter ended March or June.
§ Data for 1939 revised; for exports, see table 14, p. 17, and for imports see table 15, p. 18 of the April 1941 issue.
f Revised series. Revisions for southern pine, western pine, and west coast woods for 1939 (also revisions for 1938 for the latter group), appear in table 17, p. 17 of the
May 1941 issue. Revisions for 1940 and January 1941 will be published in a subsequent issue.
*New series. The new lumber prices replace series shown in previous issues of the Survey, data beginning 1926"are shown in table 11 (southern pine), and table,12 (Ponderosa pine), p. 22, of this issue. Earlier data on consumption and stocks of scrap iron and steel and consumption of pig iron will>ppear_in_ajater issue.
160,360
220
148,555
202
152,750
205
140,310
195
151,000
206
S-31
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
1941
February-
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
METALS AND MANUFACTUEES--Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Con.
Pig iron—Continued.
Prices, wholesale:
Basic (valley furnace)
dol. per long ton_
Composite
do_._
Foundry, No. 2, northern (Pitts)
do.._
Production!
thous. of short tons Stocks, consumers', end of month*
do.__
Boilers and radiators, cast-iron:
Boilers, round:
Production
thous. of lb.
Shipments
do._.
Stocks, end of month
do._.
Boilers, square:
Production
_
do_._
Shipments
do.._
Stocks, end of month
__do___
Radiators and convectors:f
Production_thous. of sq. ft. heating surface_
Shipments
do...
Stocks, end of month
do.._
Boilers, range, galvanzied:
Orders, new, net
number of boilers..
Orders, unfilled, end of month
do_._
Production
do
Shipments
do
Stocks, end of month
do___
23.50
24.15
25.89
4,458
23.50
23.95
25.89
4,198
23.50
24.00
25.89
4,704
2,608
23.50
24.15
25.89
4,334
23.50
24.15
25.89
4,600
23.50
24.15
25.89
4,553
1,834
23.50
24.15
25.89
4,771
1,964
23.50
24.15
25.89
4,791
1,940
23.50
24.15
25.89
4,717
1,874
23.50
24.15
25.89
4,856
1,655
23.50
24.15
25.89
4,703
23.50
24.15
25.89
5,012
23.50
24.15
25.89
4,971
754
1,408
9,493
1,920
1,222
12, 391
2,252
1,092
13, 256
2,214
1,358
14,107
1,826
1,167
14, 834
1,741
1,474
15, 096
1,863
2,003
14,951
1,936
2,669
14,024
2,148
2,741
13,405
2,091
3,483
11,912
1,133
1,922
11,168
1,115
1,448
11,182
732
1,484
10,146
17, 773
19, 081
93, 525
22, 579 22, 647 23, 525 25, 254 25, 319
13,086
13,489
16, 861 20, 382
13,360
99,040 106, 958 117, 058 125,448 130,339
21, 514
26, 426
125, 376
26, 505
38,894
113,130
27, 591
34,899
105, 759
29,461
37, 360
97,896
21,104
24, 502
93, 669
19, 642
17, 380
92, 998
18, 756
17,044
94, 832
6,199
6,781
17,524
6,744
4,891
25, 393
6,871
4,371
27, 890
6,967
4,495
30,375
7,385
5, 621
32,140
7,133
6,453
32,817
6,151
8,671
30,263
7,098
11,696
25, 584
7,675
10, 901
22, 394
8,267
10,494
20,154
5,787
7,695
18, 271
6,763
7,390
17, 567
6,717
6,175
18,106
53,809
77,190
49, 217
48, 985
17,444
80, 583
50,777
74,113
75, 421
37, 916
94, 992
60,419
82, 820
85, 350
35, 386
69, 433
46,448
86, 459
83, 404
38,441
89,159 105,076
72,258
52,966
81, 495 80,023
82, 641 85, 784
37,295 31, 534
85,077
77,809
72, 970
79, 526
24, 978
68,854
86,451
63, 729
60, 212
28,495
80,046
101,016
58,635
65,481
21, 615
74, 581
101, 609
69, 972
73, 988
17,599
52, 605
93,966
58,810
60, 248
16,411
41, 343
80,844
55,856
54, 465
17, 785
42, 781
72,366
50, 557
51, 259
17, 212
161, 512
138.0
80, 065
113, 988
97.4
45, 073
175, 892
150.3
77, 669
112, 364
96.0
43, 320
147, 316
125.9
52, 207
117,703
100.6
44, 290
115, 066
98.3
32, 882
118. 543
101.3
43, 995
117, 516
100.4
32, 935
135, 272
115.6
49,891
84, 534
72.2
16, 549
104, 605
89.4
33, 383
113, 034
96.5
26,839
131, 518
112.4
45, 640
150, 551
128.6
35, 723
134, 778
115.2
46, 357
6,801
98
6,822
93
7,001
96
6,820
96
7,243
99
6,970
98
7,164
98
7,129
95
Steel, Crude a n d Semimanufactured
Castings, steel:
Orders, new, total
short tonsPercent of capacity
Railway specialties
short tons-.
Production, total
__do
Percent of capacity
Railway specialties
short tons..
Steel ingots and steel for castings: f
Production
thous. of short tons..
Percent of capacity§
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol. per long tonStructural steel (Pittsburgh)
dol. perlb..
Steel scrap (Chicago)
dol. per long ton..
U. S. Steel Corp., shipments of rolled and
finished steel products!.-thous. of short tons..
105,125 126,140 152, 007 153,143
89.8
107.8
130.8
129.9
29,103
47, 408 59, 551 70.191
85, 492 95,185 101, 977 104,971
73.0
81.3
89.7
87.1
28, 692 30, 733 34, 204 37.192
1,525
.0265
6,238
97
.0265
7.053
7,132
100
6, 757
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
. 0265
.0265
34.00
.0210
18.95
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18. 75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
1,745
1,669
1,667
1,754
1,664
1,851
1,624
1,846
1,739
34.00
.0210
18.75
34.00
.0210
19.25
34.00
.0210
19.88
1,617
1,548
1,720
276
1,035
54.6
1,046
52
315
1,072
56.6
1,077
47
428
1,463
77.2
1,474
37
890
1,584
83.6
1,582
1,214
1,619
79.0
1,619
39
1,317
1,558
76.0
1,549
48
1,497
1,590
77.6
1,600
37
1,492
1,713
83.5
1,711
40
1,850
1,781
86.9
1,777
43
1,762
1,586
77.3
1,604
25
2,047
1,859
90.7
1,851
34
1,977
1.939
88.8
1,940
33
1,500
845
3,522
1,294
2,339
1,336
2,560
1,372
1,586
1,415
2,270
1,601
1,411
1,246
1,747
1,131
1,341
957
3,755
1,310
1,929
997
r 2, 842
r 1,012
3.852
4,102
3,368
5,050
5,330
3,821
3,889
5,210
4,010
4,667
5,579
4,298
5,851
7,335
4,095
4,981
7,939
4,349
4,598
8,085
4,452
3,932
• 7,786
4,314
3,896
7,329
4,352
3,422
6,840
3,912
4,612
7,105
4,338
4,490
7,335
4,236
940
829
890
4,393
303
1,204
1,103
929
1,346
1, 383
1,066
1,278
1,454
1,207
1,525
1,850
1,130
1,182
1,932
1,082
999
1,765
1,166
1,284
2,022
1,027
987
1,837
1,173
858
1,678
1,016
888
1,365
1,058
1,082
1,405
1,042
5,310
320
5,456
331
5,491
355
5,511
375
5,608
366
5,807
338
5,802
348
6,208
321
5,371
276
5,598
292
5,143
290
4, 587
455
384
416
88.1
154
1,074
107.3
5,046
463
436
454
87.0
177
1,177
107.3
4,942
470
453
445
88.0
194
1,148
107.8
5,085
471
461
479
91.9
185
1,140
103.9
4,754
439
449
466
92.2
168
999
93.8
4,919
443
480
482
90.6
151
991
90.4
5,234
447
485
532
99.7
146
1,018
92.4
5,059
431
464
519
112.2
127
954
88.5
5,471
503
531
587
124.1
161
1,053
94.1
4,909
456
415
564
122.8
135
945
87.5
5,144
490
484
629
132.6
144
889
80.1
5,170
511
446
700
118.2
133
895
81.7
91
139
322
205
379
7,973
102
155
374
252
431
10, 225
104
144
383
265
412
11, 751
107
160
406
287
434
11,012
102
154
373
292
417
11,210
99
137
366
332
404
10, 642
106
130
391
360
434
10, 236
104
134
372
325
420
10,439
110
136
407
342
432
12, 403
101
140
381
323
396
11,711
106
135
369
367
398
12, 247
101
138
403
317
407
10, 266
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousandsProduction
do
Percent of capacity
Shipments
thousands.
Stocks, end of month
do
Boilers, steel, new orders:
Area
thous. of sq. ft.
2,370
Quantity
number _.
1,031
Furniture, steel:
Office furniture:
Orders, new
thous. of dol
3,194
Orders, unfilled, end of month
do
6,340
Shipments
do
4,188
Shelving:
1,094
Orders, new
do
Orders, unfilled, end of month
do
1,490
Shipments
do
994
Porcelain enameled products, shipments!
thous. of dol..
295
Spring washers, shipments •
do
Steel products, production for sale:f
4,762
Total
thous. of short tons_.
485
Merchant bars
do
419
Pipe and tube
do
726
Plates
do
Percent of capacity*
134.8
Rails
thous. of short tons..
122
Sheets, total
do
765
Percent of capacity
77.5
Strip:
Cold rolled
thous. of short tons__
83
Hot rolled
do
119
Structural shapes, heavy
do
354
Tin plate
do
261
Wire and wire products
do
352
Track work, shipments
short tons.. 13, 650
'Revised.
t D a t a for 1941 include cast-iron convectors and convector-radiators. Data for these items are included in part in earlier figures published in the Survey; 1940 data revised
to include these items for all reporting firms will be published later.
• D a t a cover 9 firms beginning December 1941; the increase in reporting firms from 7 to 9 in late 1941 did not materially affect the coverage of the data.
JMonthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
§Beginning January 1942, percent of capacity is calculated on annual capacity as of December 31, 1941, of 88,566,170 tons of open-hearth, Bessemer, and electric steel ingots
and steel for castings; data for July-December 1941 are based on capacity as of June 30, 1941 (86,144,990 tons), and earlier data on capacity as of December 31, 1940.
fRevised series. Data on pig-iron production beginning 1913 are shown in table 38, p . 14, of the October 1940 issue. For data on steel production beginning 1917 and
percent of capacity beginning 1926 through 1939, see table 9, p. 16, of the March 1941 issue; for revisions in 1940 data, see p. 49 of the June 1941 issue. Porcelain-enameled products revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p . 49 of the March 1941 issue. For steel products, production for sale beginning 1933, see
table 45, p . 14, of the November 1940 issue.
*Earlier dat a on pig-iron stocks and earlier data on percent of capacity for steel plates not shown in the September 1941 Survey will bo published in a subsequent issue.
S-32
SURVEY OP CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
METALS AND MANUFACTURES—Continued
NONFERROUS METALS
Metals
Aluminum:
Imports, bauxite
long tons-.
83,400 49, 732
62,051
72,043
Price, wholesale, scrap, castings (N. Y.)
dol. p e r l b . .
.1100
.1397
.1100
0)
Bearing metal (white-base antifriction), consumption and shipments, total (60 manufacturers)!
thous. of lb._
6,505
3,745
4,336
6,270
6,480
Consumed in own plants (38 mfrs.)
do
999
562
529
625
991
3.431
Shipments (38 manufacturers)
do
2,632
1,885
2,138
2,874
Copper:
8,907
7,046
Exports, refined and mfrs.§
short tons.18,095
12, 285
Imports, total §
do
23,684 49,188 87,051
54,981
18,086
For smelting, refining, and export§...do
6,693 11,359
9,637
37, 829 68,965 45,344
For domestic consumption, total*
do
16,991
25, 754 30,804
Unrefined, including scrap*
do
11,173
23,083
12,075 38,161
Refined*
do
5,818
22, 261
Price, wholesale, electrolytic (N. Y.)
dol. per lb-_
.1182
.1179
.1181
.1178
.1182
Production:
Mine or smelter (including custom intake)
short tons.. 80,303 79,240 85, 701 88,042 90,342
Refinery
do
81, 724 93,654 95,322 89, 687 89,390
Deliveries, refined, total
do
107,616 112,819 134,339 123,629 148,301
Domesticd1
do
107,616 112. 808 134.333 123,580 148,301
49
Export
do
0
11
6
0
Stocks, refined, end of month
do
77,329 97,689
89, 873
93,076
Lead:
Imports, total, ex. mfrs. (lead content) - _ do
39,764 40, 553
14,320 27,991
Ore:
Receipts, lead content of domestic ore_ do
41, 828 34, 705 38, 282 38,665
38, 779
Shipments, Joplin district f
do
3,778
5,126
3,690
4,095
3,653
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb_.
.0577
.0585
.0650
.0560
.0585
Production from domestic ore. .short tons.. 45, 633 47,764 46,748
43,423
46,104
Shipments (reported)
do
45,920 54,859
62, 090 59,169
69,382
Stocks, end of month
do
24,830 46, 604 45, 996 42, 899 34,018
Tin:
Consumption of primary tin in manufactures
long tons..
8,130
8,390
6,660
8.860
Deliveries (includes reexports)*
do
16, 092 13,955
12.195
10,490
Imports, total (tin content)*
do
14,100
17, 718 13,069
9,906
Ore (tin content)*
do
204
2,471
70
9
Bars, blocks, pigs, etc
do
13, 896 15. 247 13. 060
9.836
Price, wholesale, Straits (N. Y.)_.dol. per lb.5205
.5196
.5200
.5140
. 5216
Visible supply, world, end of mo..long tons..
44.107 39, 971 38, 788 40. 777
United States (excluding afloat)
do
5,195
5,016
7,489
7, 205
Zinc:
Imports, total (zinc content)*
short tons..
13, 841
14, 752 20, 426 28, 447
For smelting, refining, and export*...do
1,987
2,011
3,880
18, 734
For domestic consumption:
Ore (zinc content)*
do.
6,537
8,715
13, 768
5, 665
Blocks, pigs, etc., and old*
do
6,205
4,671
1,245
4,048
Ore, Joplin district:!
Shipments
short tons.
36, 687 33, 296 38, 556 46, 944 35.196
Stocks, end of month
do
4.495
7.091
2.651
2,550
4', 600
Price, wholesale, prime, western (St. Louis)
dol. per lb.
.0725
.0825
.0725
.0725
. 0725
Production, slab, at primary smelters:J
short tons.. 73, 476 61, 603 70, 341 68, 543 73, 449
Shipments, total %
do _ -. 74,775 65, 818 67, 640 70, 414 73. 090
Domestic*
do
59, 957 57, 663 65,011
65, 035 61, 696
22, 626 10, 644 13, 345 11, 474 11,833
Stocks, refinery, end of montht
do
21,484
95, 794
90,960
86,462
.1100
.1100
.1100
.1100
.0936
.0931
.0938
r 0873
6,378
750
2,806
5,538
699
2,838
5,767
983
2,696
5.830
911
3,066
5,621
757
2,931
4,754
723
2,548
4,753
813
2,399
5,506
697
2,795
8,120
41,472
8,996
32,476
16,969
15, 506
11,077
69,838
16,470
53,368
16,233
37,135
10,589
71,153
13,373
57,780
19,872
37,907
10,198
70,581
15,546
55,034
20,063
34, 971
.1181
.1181
.1178
.1178
,1178
.1178
.1178
.1178
86,019
81,839
86,617
81,553
125, 585 126,766
125, 585 126,622
144
0
67,260
63,670
84,718
84, 799
124,645
124,645
0
72, 352
82, 558 82,099 84,695
88, 560 86, 879 85,426
121,373 150,111 119,937
121,331 150,078 119,937
33
42
0
98,164 74,384 71,930
()
•
()
88,463 •88, 205
89,940 90,017
138,585 130,467
138, 585 130,467
0
0
75, 564 81,371
33, 374
22,160
47, 891
65,401
37,155
3,824
36, 464
5,482
38, 228
4,576
38, 259
5,603
39,390
3,883
40,930
4,291
40, 901
4,977
.0585
38, 669
57, 969
24, 265
.0585
42,048
54, 067
19,172
.0585
39,100
55, 005
15, 330
.0585
41,373
47, 093
13,148
.0585
37, 221
43, 537
10, 735
.0585
41,566
45, 980
13.671
.0585 | .0628
48, 829 43, 307
50, 680 53, 037
20, 531
20.185
7,900
14,880
15, 266
3,714
11. 552
.5267
38, 600
2,846
8,560
12, 575
16. 285
1,520
14, 765
.5335
8,830
13, 625
17, 719
6.144
11. 575
.5237
8,830
12, 715
14.311
2,115
12,196
.5200
8,760
8,000
8,290
8,355
9,570
7,700
.5200
.5200
.5200
5,864
2,393
Cl, 767
1,127
~2~ 186^
3,500
14,745
8,372
2,638
3,735
11,415
5,624
24, 342
11, 704
2,362
3, 42S
22, 741
8,040
10, 935
3,766
36, 928
5,000
44, 882
4,730
37, 655
5.250
46, 250
8,160
39,220
4,730
37, 267
5,130
47, 685
900
43, 224
3,231
(a)
.5200
9,223
3,415
.0725
.0725
.0725
.0725
.0794
.0825
.0825
70, 837
71,569
61. 546
11,101
74, 641
71, 894
62, 714
13, 848
75, 524
71.403
61,061
17,969
73, 225
71,767
64, 673
19, 427
76,156
73,989
61, 770
21, 594
74, 861
73, 273
61, 064
23,182
78. 643
77, 763
65. 698
24, 062
15, 308
30, 762
.195
15, 672
30, 891
.195
17,180
30, 646
.195
16, 388
28.981
.195
()
.195
28, 812
4,130
.0825
.195
• 79, 276
79, 413
67, 248
23, 925
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
short tons
Orders, unfilled, end of month
do__
Sheets, brass, wholesale price, mill.dol. per lb._
13, 389
38, 253
.195
14, 938
33, 270
.195
15, 558
29, 576
.195
15,390
30,535
.195
MACHINERY AND APPARATUS
Blowers and fans, new orders
thous. of dol..
8,067
9,579
1,818
6,543
Electric overhead cranes:
5,927
2,239
3.163
1,768
Orders, new
do _..
5.577
2,374
2,064
2,098
2,291
2, 265
1,769
1.131
749
14, 654 18,415
13, 503 13, 731
Orders, unfilled, end of month
do...
21,622
11,034
12, 225 13, 298 12.825
13,744
13,498
13,814
12, 961
2,079
2,216
1,955
Shipments
do. _.
2,071
2,197
1,364
1,102
1,063
1,923
1,678
1,287
1,217
1,235
Foundry equipment:!
532.7
481.2
408.5
403.8
New orders, net total
1937-39=100
567. 9
315.2
312.9
363.8
281.1
377.2
358.1
281.1
298.7
570.6
505.3
417.4
414.2
New equipment
do...
636.6
372.0
329.3
298.2
295.9
405. 3
368.4
273.3
291.2
418.5
408.7
381.7
327.2
Repairs
do...
361.4
339.2
356.9
236.6
272.7
292.5
326.9
304.7
321.0
Fuel equipment and heating apparatus:
Oil burners:
20, 202 23, 225 19,784
27, 451
Orders, new, net
number. . 16, 006 16,328 22,013 23, 642 36.194 32, 521
31,140
34,143
28, 511
18, 588
16, 747 18,057
22, 885 22, 321 18, 358
Orders, unfilled, end of month
do.
23,114
16, 428 10, 590 14,443
15, 266 22,612 22, 448
19,253
21, 813 21,915
31,369
34,707 31,414
Shipments
do.
17, 996 16,091 18,160
22,819 28, 848 32, 685 27,845
31, 940 27, 294 27, 099 27,304 28, 900 27, 639
19, 941 22, 871 23, 701 25, 682 27, 202
33,017
Stocks, end of month
do.
28,124
109
61
46
44
43
61
56
Pulverizers, orders, new
do.
42
22
72
47
33
84
r
1
Revised.
Not available.
a
The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
b
Deliveries are now reported for a larger number of companies than formerly and are not comparable with earlier data; no data for unfilled orders.
§Data revised for 1939; for exports see table 14, p. 17, and for imports see table 15, p. 18, of the April 1941 issue.
• Represents deliveries of foreign virgin tin; virgin tin produced in the United States from foreign ores is not included.
JRevised to include foreign ores beginning January 1940: see p. S-32 of the October 1941 Survey for earlier data.
^Beginning March 1941, includes deliveries of duty-paid foreign copper for domestic consumption.
IData for April, July, September, and December are for 5 weeks; other months, 4 weeks.
*New series. Earlier data for the new break-down of copper imports and the new series for tin and zinc imports will appear in a later issue. For domestic shipments of
zinc beginning January 1940, see p. S-32 of the October 1941 Survey.
fRevised series. Data beginning January 1939 for the new scries on bearing metal will be published later (see also note marked with a "f" on p. S-32 of the December
1941 Survey). For series on foundry equipment, see note marked with a " t " on p. S-32 of the September 1941 issue.
S-33
SURVEY OF CURRENT BUSINESS
April 1942
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
1941
1942
February
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con
Mechanical stokers, sales:
Classes 1, 2, and 3
numbersClasses 4 and 5:
Number
316
Horsepower
81,890
Unit heaters, new orders
thous. of doL_
Warm-air furnaces, winter air-conditioning
systems, and equipment, new orders
thous. of doL_
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units.37,012
Power pumps, horizontal type
do
Water systems, including pumps
do
" 17," 282
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of d o L .
5,784
5,416
9,717
9,924
14,155
21, 401
26,050
28, 244
26, 720
22,888
10, 613
8,303
6,153
177
42,510
215
52,894
3,848
222
55,387
234
63,238
400
93, 515
4,450
403
91, 051
487
91, 429
418
83,222
6,482
401
75, 296
264
53,020
289
72, 229
7,062
241
66,426
9,485
11,357
15,001
19,552
41, 504
849
16,703
41,318
917
18, 657
43, 601
1,483
20, 836
40,884
993
23,832
36, 475
975
24,448
46, 572
1,176
25,873
45, 682
1,209
24,599
39, 527
1,295
24,420
41, 360
1,376
24,835
37, 668
1,498
20,222
31, 663
984
20,809
36, 899
1,150
17, 423
4,482
4,820
3,923
5,298
2,613
3,113
3,692
2,459
2, 394
2,368
2,459
4,138
81
130
81
132
82
133
95
135
137
139
167
142
228
145
246
149
253
152
182
151
185
153
111
154
ELECTRICAL E Q U I P M E N T
Battery shipments (automotive replacement
only):
Unadjusted
1934-36=100.Twelve-month moving totalf
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936=100. _
Adjusted index
do
Ironers, household
u n i t s . . 13,067
Ranges*
do
Refrigerators
do
Vacuum cleaners, floor type
do
Vacuum cleaners, hand type
do
Washers, household
do
114,242
Electrical products:
Industrial materials, sales billed.._ 1936=100-Motors and generators, new orders
do
Transmission and distribution equipment,
new orders
1936=100-.
Furnaces, electric, industrial, sales:
Unit
kilowatts - _
Value
thous. of doL.
Electrical goods, new orders (quarterly)
thous. of dol_Laminated fiber products, shipments
do
3,151
Motors (1-200 hp.):
Polyphase induction, billingst
do
Polyphase induction, new orders!
do
Direct current, billings
do
Direct current, new orders
do
Power cable, paper insulated, shipments:
Unit
thous. of ft__
928
Value
thous. of doL_
1,119
Rigid steel conduit and fittings, shipments*
short tons__
Vulcanized fiber:
Consumption of fiber paper
thous. of lb._
3,681
Shipments
thous. of dol—
956
157.7
169.0
20,492
51, 790
358,402
129, 302
34, 696
155, 546
194.5
275.9
118.4
203.9
206.4
193.2
157.7
192.1
202.7
199.6
158.6
167.1
161.5
167.8
158.8
183.9
193. 3
204.5
162.9
145.6
10,352
21, 789 21,767 20,283
18. 478 14, 545 15,916
17,166
21,246
65, 692 65, 359 68, 629 64,476
50, 759 66, 206 51, 730 38, 350
61,647
423,010 482, 587 433, 670 378,054 339,421 270, 543 164, 521 132, 972 92, 034
178,045 165, 672 156,816 146, 889 155,843 150,620 182, 550 127,190 110,618
21, 730 20, 367
46, 284 44, 602 42, 394 35, 783 31, 977 27, 686 33,239
191, 325 213, 611 206, 030 188,365 213, 862 148, 811 145,194 147,390 103, 288
223.3
342.3
234.4
263.2
251.7
429.7
237.1
406.5
240.8
444.1
335.9
288.8
360.4
11,644
18, 312
1,522
22, 291
1,733
243.0
307.0
254. 5
370.0
142.8
109.9
' 207.4
138.1
r 12.974
12,439
48, 705 30,196
100,572 135,913
113,416
14, 446
113,054
93,341
238.1
329.7
252.8
425.2
384.7
355.7
' 283. 7
12, 924
1,060
8, 617
646
272.8
332.8
264.6
468.8
286.4
355.8
250.9
329.7
303.0
21, 508
1,719
31,595
1,402
13, 774
997
9,689
646
11,626
945
2,330
554,115
2,606
2,659
2,896
581, 675
2,791
2,822
2,803
629,028
3,102
3, 363
2,997
583,214
3,151
3,370
4,353
5,829
1,381
2,738
4,679
7,523
1,762
2,882
5.044
6,195
1, 369
2, 060
5,583
7,351
1,793
3,595
5,455
7, 750
1,725
4,257
5,983
6,200
1,867
4,512
5,765
5, 825
1,761
3,395
6,016
6,560
1,843
3,057
6,298
6,903
2,314
2,903
5,388
5.410
2,074
2,860
6,957
8,176
2, 552
4,602
6,061
7,086
2,140
3,974
1,284
1,457
1,209
1,253
1,373
1,595
1,370
1,751
1,321
1,655
1,510
1,860
1,418
1,729
1,244
1,807
1,487
2,052
1,067
1,536
1,054
1,694
958
1,475
19, 468
20, 791
22, 633
24, 310
26,838
26, 540
27, 681
28, 879
26, 412
24, 817
28,840
22,834
3,012
838
3,448
1,029
3,471
1,158
3,635
1,177
3,762
1,100
3,595
1,178
3,683
1,302
3,785
1,183
3,958
1,202
3,525
1,031
3,738
1,107
3,454
1,024
876, 700
396.100
339,000
262, 000
155, 600
55, 300
163, 300
863, 700
384, 300
328, 700
257,100
144, 600
58, 700
163, 600
849, 300
376, 300
327, 000
260, 400
147, 700
53, 600
159, 000
893,500
400,800
345, 900
•263,300
151, 000
57,400
171,900
338, 740
263,129
155, 239
54. 518
155, 263
869, 526
383, 678
328, 623
256, 464
142, 832
58, 084
171, 300
845, 585
375, 525
326, 700
250,123
144,123
53, 737
166, 200
916, 708
403,435
347,383
274,704
156,252
57, 389
181,180
92, 600
15, 300
9,900
38, 700
22, 700
4,200
34, 400
98, 500
14, 800
9,900
38, 000
20, 900
3,600
42,100
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:*§
Total, all grades
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Ground wood
Exports, total, all grades*
Imports, total, all grades*
Sulphate, total*
Unbleached*
Sulphite, total*
Bleached*
Unbleached*
Groundwoodt
Production :§
Total, all grades
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwood
Stocks, end of month:§
Total, all grades
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwood
short tons__
do
do
do....
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
..do
824, 200
371, 500
316, 700
248,500
140, 300
52,600
151,600
721, 200
320, 500
267, 000
214,000
124, 500
45,400
141, 300
24, 870
69, 821
13, 659
8,001
45, 554
28, 227
17, 327
9,495
811, 700
362, 200
303, 900
242, 600
146, 000
51, 000
155, 900
37,999
84, 967
16, 287
10, 268
55, 699
30,156
25, 543
11,731
818, 200
364,900
306, 800
242,100
146, 600
50, 700
160,400
48, 738
85,136
14,431
9,845
53,184
30,575
22, 609
16, 394
851,400
387, 000
326,900
248, 000
148, 700
52. 500
163,900
24,175
95,175
15,194
9,942
61, 300
33. 692
27, 608
17, 629
813, 500
369, 800
309,800
241, 400
143, 800
52, 700
149, 600
14,174
105, 031
16, 447
11,903
70, 598
35, 219
35, 379
16, 732
809,900
362,400
304, 300
247, 000
148, 500
52, 500
148, 000
35,387
90, 501
11,858
7,799
57, 369
28, 930
28, 439
20,149
844, 400
387, 700
327, 200
252, 400
151,400
54, 300
150, 000
19, 378
109, 831
15, 255
10, 552
75, 111
38, 055
37, 056
17, 626
805, 300
367,400
313,000
240,600
140, 800
51,400
145, 800
13, 828
98, 027
14, 530
9,757
65.158
32, 524
32, 634
16, 804
717,077
323, 258
270, 902
203,113
120, 598
44, 547
146,159
806, 901
360,073
301, 654
237, 479
140,900
51, 024
158, 325
811, 718
353, 677
295,010
238, 546
143, 227
50,319
169,176
846, 416
377, 850
317, 245
244,139
146, 712
53,152
171, 275
805,978
366, 582
307.094
239,636
145, 247
52,160
147. 600
777, 045
355, 782
298, 831
235, 400
140, 525
50, 913
134, 950
820, 838
384, 432
323, 509
247, 231
147, 235
54, 775
134,400
791, 658
366, 362
312, 395
240, 272
141, 729
50, 295
134, 729
120,700 193, 300 1S8,500 182, 000 177, 000 169, 500 136. 700 113,100
37, 800 28, 600 25, 400 18,900
14, 900 51,100
49,000
15, 500
32, 300 22, 600 19,900
10,500 46, 300 44,100
14, 400 10, 700
37, 700 69, 200 64, 000 60, 400 56, 600 54, 800 43,100
38, 000
23,900
34, 400 26, 300 22,100
43, 300 38, 200 34, 800 32,900
7,000
4,000
7, 200
7, 500
7,400
5,600
6,100
7,700
76, 800 84,100
64,100
82,100
65, 600 68,000
69,100
53, 500
99, 400
14, 500
10,100
37, 600
23,100
4,900
42, 400
826,919
369, 792
316,197
247,032
141,637
52, 910
157,185
(a)
(a)
(a)
8
8
869, 839
396, 929
(a)
94, 800 117,700
14,000
16, 500
11,000
9,600
27, 800 39, 000
17, 400 22, 500
3,700
3,700
49, 300 r 58, 500
r
a
Revised.
v Preliminary.
See note " ° , " p. 30.
•Domestic pulp used in producing mills and shipments to market.
t Shown in 1940 Supplement and monthly issues through February 1941 as A. C. motors. fData revised for 1939; see table 15, p. 18 of the April 1941 issue.
§ Data have been revised for 1939 and 1940 to adjust monthly figures to annual census data on production. The revised data will be published in a subsequent issue.
*New series. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18 of the November 1940 issue (for revision in note regarding coverage o f the data,
see note marked with an " * " on p . S-33 of the October 1941 Survey). Data beginning 1937 for shipments of rigid steel conduit and fittings are shown in table 34, p. 26, of
the November 1941 Survey. Earlier monthly data for the indexes of domestic appliances are shown in table 38, p. 22, of the January 1942 issue. Data beginning 1913 for exDigitized ports and imports of wood pulp are shown on p. 13 of the October 1940 issue.
for FRASER
fRevised series. This series replaces the adjusted index; earlier data will appear in a subsequent issue.
S-34
SURVEY OF CUEEENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
Marcb
April
May
June
July
SepAugust tember
October
1942
Novem- Decem- Januber
ber
ary
PAPER AND PRINTING—Continued
WOOD PULP—Continued
Prices, wholesale:
Sulphate, Kraft No. 1, unbleached*.dol. per 100 lb.
Sulphite, unbleached...
___do._
PAPER
Total paper, incl. newsprint and paperboard:f
Production
short tons..
Paper, excl. newsprint and paperboard:f
Orders, new
.short tons..
Production
do
Shipments
..do
Book paper:<?
Coated paper:
Orders, new
short tons..
Orders, unfilled, end of month
do
Production
do
Percent of standard capacity
Shipments
short tons..
Stocks, end of month
do
Uncoated paper:
Orders, new
do
Orders, unfilled, end of month
do
Price, wholesale, "B" grade, English finish,
white, f. o. b. mill
dol. per 1001b_.
Production
short tons _.
Percent of standard capacity
Shipments
short tons..
Stocks, end of month
do
Fine paper :f
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
_
_
do
Wrapping paper:f
Orders, new
do
Orders, unfilled, end of month__
do
Production
...do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Exports
...do
Production
do
Shipments from mills
.do
Stocks, at mills, end of month
..do
United States:
Consumption by publishers
do
Imports
do
Price, rolls (N. Y.)
dol. per short ton..
Production
short tons..
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers
do
In transit to publishers-.
do
Paperboard:
Consumption, waste paper
do
Orders, new
do
Orders, unfilled, end of month
do.,...
Production
_
.do
Percent of capacity
Waste paper stocks, at mills
short tons..
PRINTING
Book publication, total...
no. of editions.,
New books
do
New editions
do
Continuous form stationery, new orders
thousof sets..
Sales books, new orders. _
thous. of books..
3.625
3.713
3.375
3.463
3.375
3.463
3.375
3.463
3.563
3.463
3.625
3.463
3.625
3.463
3.625
3.525
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.7ia
934, 996 1,052,665 1,079,772 1,150,067 1,093,065 1,093,882 1,161,261 1,137,079 1,238,030 1,161,122 1,177,426 1,243,811
465, 537 565, 856 589, 695 600, 681 558, 363 578, 353 572, 746 549, 995 561,183 •494,691 •523,096
428, 857 479, 531 492, 842 532,868 504, 690 507,063 532,553 520,017 567,294 541,855 550,696
438, 804 494,007 506, 087 545, 621 521, 340 524, 349 541, 964 526,067 581,324 •541,125 557,951
24, 967
24, 741
23,808
86.7
23, 905
12, 587
574, 3321
579,124
578,262-
21, 032 24, 276 20, 300 19, 286 21, 354
24, 772 21, 646 17, 677 14, 723 13,138
25, 859 25, 526 25, 439
24, 791 29,049
87.5
100.0
96.2
91.3
92.2
24, 692 28, 703 25, 628 25, 435 25, 380
13, 514 13, 713 13, 745 13, 719
12, 762
133, 970 150, 707 165, 927 139, 598 143, 528 139, 643 134, 790 135,649 115,160 120, 759 137,942
93, 257 119, 533 124, 865 136, 394 143, 209 145, 861 134,649 119, 869 107, 441 106,153
70,048
6.95
6.30
7.30
7.30
6.30
6.55
7.30
7.30
7.30
7.30
120, 879 121, 913 134, 371 128, 939 126, 564 138, 599 128, 983 145, 887 136, 659 132, 236 143, 583
101.6
95.4
107.2
105.1
100.6
111.0
93.8
109.8
105.0
108.9
102.6
125, 404 127, 587 136, 296 130, 589 129, 224 136,180 132, 720 146, 523 133, 067 133, 458 141, 828
56, 721 50, 754 49, 687 47, 614 43, 755 47, 932 43, 828 43,115
47, 271 45, 273 15, 968
21, 862
9,076
22,167
80.8
22,059
14, 397
28, 276
14, 091
22, 230
81.0
22, 648
13, 923
33, 039
20, 613
23, 971
84.1
24, 579
13, 281
26,132
23, 354
22,913
86.8
23, 388
12, 745
22, 696
42, 604
44, 032
65, 041
56, 550
35, 612
47, 598
47, 819
65,187
67, 507
49, 742
49,112
52, 791
62,818
66,475
52, 819
55, 580
59, 356
76,968
66, 947 71,168
66,905
65, 527 66, 982 52, 773 51,948
79, 560 102. 591 120, 602 126,097 131, 876 127, 734 119, 847 117,962
49,769
54,074
49.186
59, 607 58,242 60,176
61, 705
55,115
51, 201 53, 664 56, 523 56,062 63, 826 60,053
60, 881 62, 677
49,078 48,970
57, 838 51,194
43, 923 42,430
41,318
39, 379
167,135
96, 294
157, 757
158, 726
84,075
214, 238
135,387
174,357
177,163
87, 556
219, 505
170, 815
179,601
184,015
86, 685
210,195
179,794
195, 764
201, 330
79, 864
194,352
193,056
181,924
181, 928
79,083
195, 280
199,691
184, 619
186, 706
77, 634
195,492
200, 233
190, 581
195, 017
70, 545
183,054
199,450
186,853
185,418
71, 809
197,035
191, 666
204, 790
205, 921
70, 770
171,950
176, 775
186, 799
188,076
68, 960
195,773
172, 528
197, 408
196, 880
70, 422
205, 571
167, 838
211, 650
211,880
70, 689
219, 464
245, 607
239, 745
176,137
232,197
275, 769
265, 724
186,182
276, 452
279,996
285, 789
180,389
268, 706
284, 767
291,112
174,044
263, 659
273,697
281, 843
165,898
303,126
293,483
300, 236
159,145
275, 223
293,054
296, 985
155,214
293,181
298, 276
305,010
148,480
321, 664
318, 787
304, 685
162,582
298, 938
300, 308
320, 860
142,030
298, 380
300, 823
319, 282
123, 571
268,110
311,904
291,998.
143,477
14,769
9,413
19,661
76.2
19,958
13,408
20,107
8,532
18, 949
73.4
19, 280
14, 622
110,708
92,394
113, 640
61, 920
7.30
6.30
129,403 104,071
86.8
109.3
128,712 107, 359
46, 738 61, 373
254,799
278,101
264,621
156,957
28,113
27, 503
25, 248
91.2
25, 273
12, 637
224, 361 239,098 262,488 263,889 274,471 231,961
254,894 242, 570
(a)
50.00
50.00
50.00
50. 00'
50.00
50.00
83, 592 78, 657 87,068
82, 621 81, 680 84,628
83,998
80, 756 80,252 87, 318 84,331
80, 787
11,427
13, 527 12, 065 10, 623 13, 459 11, 864 11,614
9,904
7,586
12, 414 16,917
18, 790 14,303
370,101 284, 799 252,856 255, 588 252,381 277, 681 320,602 345,158 341,884 334,529 333,120 330, 259 366, 236
38,706 46, 608 46, 570 53,459
51,197 49,687 40,451
55,037 46,362"
42,163 44,312 46,679
55,336
216,109
50.00
76, 234
75, 247
219,362 258, 518 256, 431 260,827 242,404 215,012
187,170 221, 542 237, 639 276, 256 252,872 247,103
50.00
50.00
50.00
50.00
50.00
50.00
83, 962 83,199
79. 720 87, 376 87,000 90,913
81,241
85, 503 91, 487 91, 689 85,424 84,641
310,969
470, 671
202,284
426,419
81.5
260,890
371,253
543,988
252, 611
485, 758
85.4
253,009
357,091
580,038
330,779
499,930
87.9
262,398
377,595
572,522
370,151
526,286
89.4
269,737
374,185
525, 325
383, 534
504,413
92.3
264,631
384,765
569,252
435,891
503,620
85.6
272,317
411,073
565,853
452,966
545,116
95.9
237,339
422,361
542,792
444,736
538, 405
95.0
218,257
464,446
595,634
446,033
583,668
98.9
189,163
419,770
527,829
433,788
536,646
98.5
167,424
437,902
521,866
404,121
545,050
92.6
186, 522
425,8/8
581,502
406,348580,059
96. S
181,456
804
674
130
891
722
169
1,310
1,100
210
918
800
118
1,051
887
164
894
708
186
695
593
102
774
211
780
123
874
767
107
1,190
982
208
833
716
117
753
645
108
22,806
192,228
18,328
207,715
19,621
188,909
21,331
203,327
24,470
262, 591 195,361 219,326 271, 203 299,591 223,492
26,137 26, 219 26, 544 27,878
28, 278 24,859
261,913
23,307
262, 613
24,979
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER •
Crude rubber:
84, 912
68, 653
55,365
53, 655
60, 418
71, 374
71, 365
69,024
62,692
Consumption, total
long tons.~
147,045
115, 749
130, 060
For tires and tubes*(quarterly)
do
97, 081 106, 540
64, 577
83,151
63, 305 101, 404
87,123
73,973
Imports, total, including latexX
do
()
.222
.239
.227
.226
.219
.231
.228
.204
.221
.232
Price, smoked sheets (N. Y.)
dol. per lb._
r 89, 705 139,506 112, 232 126, 330 127, 659 131,133 127,634 164, 968 113, 548
Shipments, world§
long tons..
Stocks, end of month:
225,000 240,000 270,000 260,000 290,000 270,000 250, 000 280, 000 285.000
Afloat, total
do
90,591 141, 756 172, 633
136, 955 140, 228 153, 484 147, 459 175, 499 132, 304
For United States
do
r
98, 724
91, 478 ' 79, 296
102, 400 r 85, 527 r 95, 302 ' 91,104 ' 90, 006 r 91,189
British Malaya
do
320, 373 338,147 329, 767 359, 234 339,108 375, 605 426, 253 455, 000 454, 711
United States i
do
Reclaimed rubber:
21, 725
20, 864
24,032
22, 559
25,009
21, 405
20, 427
18.222
19, 611
Consumption
.do
23, 790
23, 111
24, 111
24, 678
26, 560
22, 775
21, 574
19, 506
22,006
Production
do
36, 265
38, 604
35, 871
36, 751
39,099
38, 055
35, 336
33, 654
35, 028
Stocks, end of month.
do
53, 311
58,138
46,181
Scrap rubber consumption..
do
« Revised, i Includes Government reserves. ° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
"
JFor monthly data for 1913 to 1938, see table 28, p. 18 of the May 1940 Survey; for revised data for 1939, see table 15, p. 18 of the April 1941 Survey.
e? The number of companies reporting has fluctuated to such an extent that tonnagefiguresare not comparable from month to month.
§Data are from the Statistical Bulletin of the International Rubber Regulations Committee; see note marked "§" on p. S-34 of the February 1942 Survey.
fRevised series. For revised data for the indicated paper series beginning 1934 see table 43, pp. 12 and 13 of the November 1940 Survey.
*New series. Data beginning 1926 on price of sulphate wood pulp will be shown in a subsequent issue.
•The publication of rubber statistics has been discontinued.
.239
S-35
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
1941
February
March
April
May
June
July
1943
August
September
October
Novem- December
ber
January
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Production
thousands..
Shipments, total
do
Original equipment
do
Replacement equipment
do
Exports
do
Stocks, end of month
do
Inner tubes:
Production
..do
Shipments, total
do
Exports
do
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
thous. of lb_.
1,113
1,116
4,553
1,051
1,099
4,678
3,964
4,048
1,804
2,967
2,604
1,289
'1,369
1,231
4,123
4,043
4.417
r
4,137
5,143
(°)
4,448
3,725
3,825
2,729
2,390
r
1, 328
"1,257
4,377
4,678
r
5,844
7,422
9,228
7,433
8,650
6,362
6,287
8,725
6, 532
6, 086
9,170
5,161
4,896
2,546
2,197
153
10, 029
5,686
5,517
2,638
2,722
158
10,149
5,839
5,999
' 2, 332
r 3, 489
178
9,958
6,091
7,676
' 2, 699
' 4, 817
160
8,373
6,379
7,602
' 2, 595
' 4, 871
136
7,088
5,578
6,450
1,998
4,309
143
6,235
4,983
5,394
1,122
4,132
140
5,834
4,563
5,259
1,469
3,661
129
5,154
4,887
4,610
102
7,924
5,349
5,181
137
5,481
5, 358
127
8,143
5,839
6,310
109
7,686
6,264
6,908
104
7,010
5, 278
5,917
89
6,357
4,436
4,780
105
6,071
4,143
4,792
90
5,431
(a)
4,550
4, 712
78, 638
!8, 614
83, 649
4,834
5,867
1,994
(h)
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month,
thous. of pairs.
do__.
do._.
4,753
5,213
7,907
5,543
5,166
10, 754
5,827
5, 359
11, 222
6,628
5, 555
12, 272
6,084
5,134
13, 223
6,278
5,668
13, 834
4,789
6, 366
12, 256
5,543
6,990
10, 809
5,545
6,306
8,310
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams. _ 130,525
116,944
137,177
129,119
135,571
130,852
146,734
173,022
141,985
138, 555
138,327
10,813
57.0
8,285
25,714
5,810
8,345
43.4
7,456
25, 307
5,520
10,596
49.8
9,915
25, 988
6,276
12,196
59.3
14,132
24,056
6,207
14, 732
69.4
16,048
22, 745
6,005
15, 223
74.0
16,109
21, 865
5,757
16,000
74.9
16,687
21,178
5,522
16, 345
76.5
17, 825
19, 732
5,219
16,115
78.3
18, 284
17, 561
4,804
16, 688
78.6
17, 833
16,417
4,192
13.165
12. 242
12. 328
12. 323
12.404
12.483
12. 604
12. 723
12. 832
4,368
1,117
5,597
1,387
5,219
1,363
6,172
1,629
6,340
1,694
7,192
1,929
6,701
1,890
6,330
1,816
1,015
30,442
1,088
30,402
2,640
30,233
3,612
28, 622
3,384
28, 778
4,056
28, 711
3,906
27, 813
4,368
70.8
4,270
'205
909
37
275
167
676
1,433
351
199
8
10,097
5,128
76.7
5,117
240
1,038
42
412
368
843
1,493
434
213
13
9,979
5, 325
79.7
5,573
289
1,113
35
633
418
865
1,522
405
229
41
9,612
6,246
93.5
6.402
326
1,212
49
779
548
991
1,609
453
272
136
9,244
6,166
96.0
6,865
358
1,447
47
763
605
1,028
1,695
477
262
165
8,397
6,291
94.1
6,363
489
1,306
44
691
495
834
1,603
398
278
200
8,176
3,694
4,004
8,419
4,200
4,424
8,115
3,838
4,387
7,499
5,548
5,055
7,896
4,857
4,863
7,820
4,541
4.382
199,
373
111,700
14,931
72.7
13, 724
17, 638
4,250
13, 810
64.8
11, 511
• 19,937
4,575
' 12,370
r
58. 6
9,120
r
23,186
' 5,021
12.886
12. 921
12. 960
13.100
6,831
1,932
5,289
1,501
5,029
1,432
3,920
1,125
5, 873
24,630
4,551
24, 694
3,113
17,211
1, 735
17,122
6,791
101.6
6,801
830
1,300
39
480
430
922
1,826
410
301
239
8,052
6,286
97.8
6,902
970
1,249
45
333
396
1,071
1,898
410
342
158
7,321
7,094
102.2
6, 315
386
1,268
55
312
428
1,043
2,038
472
285
10
7,948
6,179
100.2
5,281
240
979
42
317
264
1,040
1,758
380
243
3
8,711
6,050
90.5
4,903
210
873
39
332
398
834
1,580
372
245
4
9,683
10, 279
4,879
4,826
7,872
4,407
4,998
7,208
4,837
4,937
6,975
4,634
3,584
7,903
4,346
3, 236
8,936
5,350
4,143
8,797
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl...
thous. of bbl.._
do
do
CLAY PRODUCTS
Common brick, price, wholesale, composite
f. o. b. plant
dol. per thous...
Floor and wall tile, shipments:
Quantity
thous. of sq. ft _.
Value
thous. of doL.
Vitrified paving brick:
Shipments
thous. of brick-.
Stocks, end of month
do
GLASS PRODUCTS
Glass containers:
Production
...thous. of gross._
5,965
Percent of capacity
96.1
Shipments, total
thous. of gross..
6,141
Narrow neck, food*
do
352
Wide mouth, food*
.__
..do
1,319
Pressed food ware*
do
37
Pressure and non-pressure*
do
408
Beer bottles*
do
601
Liquor ware*
_
do
917
Medicine and toilet*...
do
1,741
General purpose*
...do
429
Milk bottles*
do
224
Fruit jars and jelly glasses*
do
97
Stocks, end of month
do
10,001
Other glassware, machine-made:*
Tumblers:
Production
thous. of doz_.
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of doz._
Plate glass, polished, production
thous. of sq. ft.. 5,600
Window glass, production
thous. of boxes..
1,457
Percent of capacity
_
_
6,755
96.5
5,877
271
1,191
45
352
524
905
1,884
399
257
29
2,905
3,400
3,922
3,372
3,069
2,903
3,857
3,427
4,082
3,279
2,553
2,587
15,664
1,397
86.1
18,266
1,417
87.3
18,344
1,400
86.3
18,394
1,282
78.9
18, 534
1,304
80.3
12,463
1, 281
78.9
14,126
1,267
78.1
14,906
1,123
69.2
15,769
1,524
93.9
14,277
1,300
80.1
10,311
1, 696
1U4. 5
9,143
1, 639
100.9
GYPSUM AND PRODUCTS
Crude:
Imports
.short tons..
Production
do
Calcined, production
do
Gypsum products sold or used:
Uncalcined.
do
Calcined:
Building plasters
do
For mfg. and industrial uses
do
Keene's cement
do
Board and tile, total
thous. of sq. ft..
Lath
do....
Tile.
do....
Wallboard
do....
r
175,467
811, 500
764,500
326, 248
1,197,689
1,026,987
366, 519
1,335,905
1,099,244
1,361,034
1,088,745
200, 630
365,682
368, 209
317, 781
373, 503
36,027
>,450
539,000
322, 700
7,100
209, 200
523, 218
38,222
7,672
709,282
472,696
11. 267
225; 319
577,840
41,569
8,854
718,415
479, 794
9,133
229,488
436, 255
36.130
6; 841
843, 920
567,393
7,398
269,129
(a)
Revised.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
» Data not available.
*New series. Data for glass containers for the period January 1934-December 1939 are shown in table 49, pp. 16 and 17, of the November 1940 issue; minor revisions for
1940 for wide-mouth food containers and liquor ware not shown on p. S-35 of the September 1941 issue are available on request; earlier data on glassware other than containers
are shown in table 2, p. 17, of the January 1941 Survey.
S-36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
June
July
1942
August
September
October
Novem- December
ber
January
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Shipments
do - _ _
Stocks, end of month
do-__
12,204
12,759
21, 749
COTTON
Consumption
bales. - 893, 745
Exports (excluding linters)§
do
Imports (excluding linters)§
do
Prices received by farmers
dol. per lb_.
.178
Prices, wholesale, middling (New York)__do
Production:
Ginnings (running bales)•__-thous. of bales. Crop estimate, equivalent 500-lb. bales
thous. of bales_.
Stocks, domestic cotton in the United States,
totalcf
thous. of bales-On farms and in transited
do
Warehouses
do
Mills
do....
11,558
11, 573
24, 603
12,105
12, 495
24, 304
12, 871
12, 737
24, 530
793, 428
68, 568
14, 210
.094
.107
854, 767
97, 292
28,184
.097
.108
920, 950
74,009
18, 846
.105
.113
12, 621
11,750
25, 493
12, 555
11, 938
22,026
12, 531
11,933
26,183
849, 733
.87, 326
()
.162
.179
12, 298
9,915
16,907
1,043
14,016
1.848
' 15, 976
925
13, 205
' 1, 846
15,001
802
12, 335
r 1,864
34,190
9,791
38, 513
7,796
37,947
18.17
.066
.078
19.81
.072
.084
159, 429
120,108
5,528
107, 358
175,144
141, 056
6,270
126, 671
23,078
10, 457
435
135.9
22,777
8,922
365
114.0
.413
.504
12, 026
'585
9,640
1,801
21, 628
10, 774
9,233
1,621
20, 992
7,990
11, 453
1,549
39, 039
2,929
41,194
4,275
49, 576
3,075
46, 985
5,535
20.85
.080
21.84
.088
.093
19.06
.078
.095
20.53
.080
.095
178, 538
146, 235
6,543
122, 245
182,003
145, 612
119,222
158,569
125, 282
5,890
96, 871
168, 211
134, 584
6,360
98, 704
171,667
132,177
6,113
97, 283
22, 806
9,593
393
116.9
22, 807
10, 299
423
120.1
23,004
10, 276
422
121.7
22, 995
9,938
408
121.5
23,028
10, 537
433
123.0
.274
.390
.288
.388
.338
.419
.366
.365
.433
35.9
31.6
1,774
35.4
2,261
38.7
1,611
40.2
1,304
.550
4.4
.530
10.0
.530
10.2
.530
7.4
28, 111
2,430
25, 828
3,453
23, 538
3, 551
2.834
211,174
49, 904
210, 743
49, 373
19, 886
4,712
13, 268
1,906
18, 818
2,738
13, 915
2,165
20.45
.080
.094
20.34
.081
.095
20.30
.083
185, 786
138, 437
6,369
98, 757
188,594
143, 718
7,116
98, 297
170,132
131, 727
6,042
78, 572
180, 792
126, 677
6,750
91, 674
23, 029
10, 253
421
125.3
22, 964
10, 407
429
123.7
23,043
11, 232
463
125.8
23,069
9,901
409
129.4
23, 063
10,540
437
124.0
.373
.433
.413
.475
.429
.481
.396
.479
.385
.471
.395
.481
38.3
1,457
39.4
576
37.3
228
37.0
743
41.7
38.5
39.3
.530
5.8
.530
4.6
.530
3.6
.530
4.2
.542
4.9
.550
5.4
.550
4.5
.550
3.8
22, 440
3,509
24, 251
3,895
28, 528
2,347
332
4,685
1,003
4,160
2.886
3.019
3.049
3.080
3.080
214, 711
50, 341
204,606
53, 436
53,008
57, 508
' 14,066 13,107
735
843
• 11, 363 10, 528
' 1, 860 r 1, 844
(
13,658
2,299
COTTON MANUFACTURES
Cotton cloth:
Exports§
thous. of sq. yd_.
Imports!
do
Prices, wholesale:
Mill margins
cents per lb__
Print cloth, 64x60
dol. per yd-_
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth, production:
Bleached, plain
thous. of yd__
Dyed, colors
do
Dyed, black
do
Printed
do
Spindle activity:
Active spindles
thousands_.
Active spindle hours, total
mil. of hrs..
Average per spindle in place
hours._.
Operations
percent of capacity..
Cotton yarn, wholesale prices:
22/1, cones (factory)
dol. per lb_.
40/s, southern, single, carded, Boston_-do
RAYON AND SILK
Rayon:
Deliveries (consumption), yarn*..-mil. of lb_.
Imports§
thous. of lb-_
Price, wholesale, viscose, 150 denier, first
quality, minimum filament*.-.dol. perlb_.
Stocks, yarn, end of monthj
mil. of lb_.
Silk:
Deliveries (consumption) O
bales. Imports, raw§
thous. of lb._
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
dol. per lb_.
Stocks, end of month:
Total visible stocks
bales. .
United States (warehouses)©
do
20.32
.087
.104
3.080
2.589
214, 836
54,106
47, 208
3.080
(2)
53, 988
5,676
3.080
3.080
55, 486
WOOL
(a)
72, 008
61, 658
63, 010
73, 045
84, 759
Imports (unmanufactured) §
thous. of lb.
74, 954
72, 458
91, 788
Consumption (scoured basis): \
35, 948 ' 39, 368 r 46, 695 • 40, 716 •41,816 ' 46, 605 • 39, 712 • 41, 764 • 51, 995 • 40, 660 • 43, 696
41, 592
Apparel class
do...
r
10, 996 ' 11,056 ' 13, 370 • 10, 904 • 11, 260 11, 465 • 11, 256 •11,212 • 13, 980 - 10, 700 • 11, 708
6,016
Carpet class
do...
Machinery activity (weekly average): 1
Looms:
Woolen and worsted:
2,513
2,524
2,602
r 2, 706
2,418
2,411
2,587
2,522
Broad
thous. of active hours.
2,491
2,450
2,428
82
91
90
91
'78
94
80
94
93
96
Narrow
do...
85
213
240
230
251
227
260
246
233
241
244
Carpet and rug
do...
246
211
Spinning spindles:
98, 398
99, 589 102, 929 106,880 110, 608 107, 592 118,533 113,067 112, 470 108, 439 110,130
Woolen
do _.. 118,524
Worsted
do... 101,360 115, 206 115, 309 117, 465 119, 610 125, 606 117, 393 125, 902 123, 512 127, 204 122, 786 129,890
223
209
233
209
220
232
218
231
210
216
Worsted combs
do...
230
215
Prices, wholesale:
1.07
1.13
1.05
1.11
1.06
1.08
1.08
1.09
1.08
1.08
1.08
Raw, territory, fine, scoured
dol. per lb._
1.16
.46
.47
.49
.49
.44
.49
.46
.45
Raw, Ohio and Penn.,
fleeces
do.
.46
.45
.52
.48
Suiting, unfinished worsted, 13 oz. (at mill)
2.089
2.129
2.228
2.228
2.030
dol. per yd..
2.228
2.030
2.005
2. 320
2.030
2.030
2.228
Women's dress goods, French serge, 54" (at
1.312
1.330
1.411
1.411
1.312
1. 275
1.213
1.262
1.411
1.225
mill)
dol. per yd-1.391
Worsted yarn, %2*s, crossbred stock (Boston)
1.700
1.675
1.800
1.800
1.763
1.594
dol. per Jb._
1. 638
1.463
1.550
1.519
1.740
61, 336
81, 232
37, 571
26, 253
80, 360
82, 827
51, 809
76, 210
49, 410
39, 704
Receipts at Boston, total
thous. of lb
26, 570
42, 780
17, 281
11, 735
32, 837
13, 655
29,177
4,129
9,661
7,151
9,658
Domestic
do - _
34, 765
38, 452
20, 290
14, 518
49, 990
62, 555
47, 680
30,043
51,184
42, 259
Foreign
do _ _
2
l
Data discontinued.
» Revised.
•
° See note "a", p. 37.
Dec. 1 estimate of 1941 crop.
• Total ginnings to end of month indicated.
§ Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 issue.
1 Data for April, July, and October 1941 are for 5 weeks; other months, 4 weeks.
t Monthly data beginning January 1930, corresponding to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
* New series. For monthly data on rayon yarn deliveries beginning 1923, see table 41, p. 16 of the October 1940 issue. The new rayon price series replaces the data show n
in the 1940 Supplement; earlier monthly data are shown in table 30, p . 22 of the November 1941 issue.
cf Revised monthly data for August 1939-July 1940 will be shown in a subsequent issue.
©Beginning September 1941 certain amounts of raw silk were returned from mills to warehouses; these amounts are reflected in warehouse stocks and should be deducted
from the cumulative figures for deliveries. The number of bales returned were as follows: Sept., 542; Oct., 7,927; Nov., 2,717.
S-37
SURVEY OF CURRENT BUSINESS
April 1942
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1941
February
March
April
May
June
July
1943
August
September
October
Novem- December
ber
January
TEXTILE PRODUCTS—Continued
WOOL—Continued
Stocks, scoured basis, end of quarter, totali
thous. of lb
Woolen wools, total_ do
Domestic
do
Foreign
_
do
Worsted wools, total
do
Domestic
_ _.
do
Foreign
do
164, 331
50, 886
26, 333
24, 553
113,445
17, 933
95, 512
208, 345
62, 213
31, 790
30, 423
145, 970
53, 930
92,040
191, 556
65, 508
35, 304
30, 204
125, 652
57, 334
68, 318
190, 780
71, 971
35,862
36,109
118, 539
41, 680
76, 859
MISCELLANEOUS PRODUCTS
Fur, sales b y dealers
thous. of d o L Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of m o - - t h o u s . linear y d _ .
Pyroxylin spread
thous of l b
Shipments, billed
thous. linear y d
6,064
6,441
5,473
6,298
4,666
6,142
5,966
5,323
4,779
5,349
4,297
1,441
790
552
v 2,138
4,443
6,262
6,499
5,520
6,759
7,100
5,588
7,165
7,550
6,137
7,351
7,950
9,558
7,464
7,479
8,070
6,473
7,543
10, 038
7,142
7,703
8,747
7,097
8,017
9,009
7,488
7,841
8,206
6,698
7,097
7,825
6,637
7,398
6,652
6,042
6,611
11,144
1,052
11, 798
997
5,981
658
11,002
246
TRANSPORTATION EQUIPMENT
Exports§
AIRPLANES
number..
AUTOMOBILES
344
481
571
511
352
360
533
8,574
1,036
11,177
797
9,405
312
14, 457
496
13, 000
378
22, 486
2,099
16, 932
3,263
619
17, 252
6,943
10, 309
21,064
8,834
12, 230
18, 536
8,574
9,962
21, 969
9,012
12, 957
13,481
4,056
9,425
12, 975
6,958
6,017
20, 616
6,706
13,910
15, 678
2,279
13,399
158, 693
89, 541
68, 574
579
248, 288
202, 793
118, 369
83, 815
608
270,487
236, 800
136,464
99, 582
754
243,103
248, 314
141,024
106, 502
787
251,490
238,040
129,877
107, 445
718
231, 323
210, 628
110, 625
99, 362
642
202,022
172,801
83, 518
88, 724
,558
91,773
104,079
43,427
60, 370
281
89, 333
106, 680
50,074
56, 303
303
198,874
94, 902
44,426
50,140
336
194, 258
104, 243
47,981
55, 836
426
198, 295
1,209
1,255
1,341
1,433
1,500
1,543
1,560
1,494
1,435
1,379
1,309
23, 710
10, 647
485, 622
394, 513
91,109
2,131
26,044
12,093
507,834
410,196
97, 638
2,666
27, 584
12,091
462,272
374, 979
87, 293
2,682
26, 585
9,840
518,770
417, 698
101, 072
2,408
25, 753
8,538
520, 525
418, 983
101, 542
2,309
24, 654
3,849
444, 243
343, 748
100,495
2,061
17,192
3,160
147,601
78, 529
69,072
1, 532
14, 496
2, 548
234, 255
167, 790
66,465
1,811
19, 360
5,635
382,009
295, 568
86,441
2,024
21, 545
7,003
352, 347
256,101
96, 246
1,864
20,313
6,651
282, 205
174, 962
107, 243
1,677
21, 751
4,249
238, 261
147, 858
90,403
1,271
300, 466
55, 900
420,058
67,798
489,074
70, 269
515,034
72,170
443, 470
62,265
391, 795
67,412
246, 595
56,191
125, 293
43, 892
165,485
41, 352
163,126
35, 985
174,188
41,006
64,603
23, 356
226, 609
247, 683
255, 887
235, 679
240, 748
224, 517
29, 268
89, 300
179,120
171,412
208, 214
187, 252
226, 592
253, 282
233, 735
272, 853
217,120
265, 750
224,119
235, 817
204, 695
195, 475
19, 690
81,169
52,829
162, 543
103, 854
153, 904
126, 281
214
210
240
252
258
242
246
282
286
270
244
115
174
182
232
128
168
214
278
132
218
199
282
136
215
279
140
231
229
248
154
253
221
258
160
242
216
271
170
298
290
280
174
302
287
271
173
267
I
Exports:
Canada:
Assembled, total
number- _' 11,599
Passenger cars
do
1,146
United States:
Assembled, total§
do
Passenger cars§
do
Trucks§
do
Financing:
Retail purchasers, total
thous. of dol_.
New cars
,
do
Used cars
do
Unclassified
do
Wholesale (mfrs. to dealers)
do
Retail automobile receivables outstanding,
end of month*
mil. of dol
Production:
Automobiles:
Canada, total—
number..
P assenger cars
do
United States (factory sales), totaL..do
Passenger cars
do
Trucks
do
Automobile rims
thous. of rims..
Registrations:J
New passenger cars
number. _
New commercial cars
do
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants
do
United States sales:
To dealers
do
To consumers
do
Accessories and parts, shipments:
Combined index
Jan. 1925=100__
Original equipment to vehicle manufacturers
Jan. 1925=100__
Accessories to wholesalers
do
Service parts to wholesalers
do
Service equipment to wholesalers
do
()
ft
281
174
297
255
RAILWAY EQUIPMENT
Association of American Railroads:
Freight cars, end of month:
1,682
Number owned
thousands. _ 1,709
1,644
1,694
1,647
1,676
1,656
1,661
1,666
1,641
1,701
1,671
Undergoing or awaiting classified repairs
101
96
62
thousands. _
94
107
73
85
78
61
61
4.1
4.1
6.3
4.4
Percent of total on line
5.9
5.8
5.2
4.8
6.6
3.7
3.6
4.7
3.6
41,091
78, 974
75, 559
55,404
Orders, unfilled
cars. _ 69,402
88, 266
37,981
86,943
73, 697
66, 870
64,027
91,416
89,917
42,162
27, 756
57, 584
52, 563
66,641
63, 607
45, 798
Equipment manufacturers
do
69,140
23, 787
50, 661
49,108
65,814
49,939
13,242
21, 625
13, 335
23, 336
21, 390
22,996
21,072
22, 276
14,194
Railroad shops
do
23,036
14, 919
24,103
19,463
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
5,704
3,778
3,634
5,812
5, 535
4,022
4.862
3,370
5,181
4,607
4,208
3,378
number. .
3,231
14.4
9.6
9.2
10.2
14.0
14.7
8.6
13.1
12.3
11.7
10.7
8.6
Percent of total on line
8.2
284
166
281
211
132
309
258
231
265
300
317
249
Orders, unfilled
.number..
300
240
148
256
237
201
113
189
234
269
263
229
266
Equipment manufacturers
do
282
44
21
18
22
25
20
34
19
46
31
48
Railroad shops
do
18
U. S. Bureau of the Census:
Locomotives, railroad:
515
921
1,022
734
645
622
964
876
942
917
1,210
Orders, unfilled, end of mo., total
do
1,199
1,278
186
219
203
268
364
205
255
297
285
526
297
522
Steamf
do
551
329
426
419
621
653
632
529
667
684
67
Otherf
do
645
727
82
74
44
79
102
96
87
79
87
8
100
87
Shipments, totalt
do
17
18
5
12
22
9
22
8
27
1
28
Steamf
do
11
65
56
67
74
39
72
65
70
79
75
Othert
do
76
70
r
b
Revised.
p Preliminary.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Discontinued.
IDoes not include Australian wool held by the Defense Supplies Corporation. The total includes for June, September and December 1941 a comparatively small amount
of certificated wool in licensed warehouses not included in the detailed figures.
§Data revised for 1939. See table 14, p. 17, of the April 1941 Survey.
Data on exports of airplanes have also been revised, beginning January 1940, to include exports
of "landplanes minus engines." Prior to 1940, these were not reported separately. For revisions for all months of 1940 see note marked " § " on page S-37 of the November
1941 Survey. Beginning September 1941 data on exports of airplanes are not available.
•New series. Data beginning 1936 are shown in table 33, p. 26, of the November 1941 Survey.
fSince publication of foreign trade statistics has been suspended for the duration of the war, the Bureau of the Census has ceased publishing foreign and domestic data
separately. The series, therefore, have been revised to include both foreign and domestic data. Comparable earlier figures are available on request.
JData beginning June 1941 exclude Federal Government deliveries and are therefore not comparable with earlier data. See note " i " , p. S-37, of December 1941 Survey.
S-38
SURVEY OF CUREENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the February
1940 Supplement to the Survey
April 1942
1941
February
March
April
May
July
June
1942
SepAugust tember
October
Novem- Decem- Januber
ber
ary
TRANSPORTATION EQUIPMENT-—Continued
RAILWAY EQUIPMENT-Continued
TJ. S. Bureau of the Census—Continued.
Locomotives, mining and industrial:
Shipments (quarterly), total*
number._
Electric, total §
do
For minins use
do
Other*
do
American Railway Car Institute:
Shipments:
Freight cars, totaldo _ _ 7. 752
7,652
Domestic
do
24
Passenger cars, total.
do .__
20
Domestic
- do
Exports of locomotives, total
do ._
Electric
- do
Steam
_
_
do_-_
242
97
94
145
150
58
57
92
173
79
73
94
4,122
4,057
2
2
17
12
5
5,022
4,987
21
21
11
6
5
5, 449
5,301
18
18
24
17
7
5,225
4,681
47
47
42
19
23
5,136
5,130
12
12
25
10
15
5,537
5,467
37
37
28
21
7
3,936
3,856
32
32
22
15
7
5.168
5,044
38
30
25
14
11
7,617
6,626
28
28
242
216
26
266
214
52
263
255
8
217
180
37
266
238
28
232
225
7
247
236
11
260
253
7
323
306
17
6,378
6,073
42
42
7,183
7,181
35
29
' 6, 240
' 6, 240
42
42
298
280
18
271
261
10
330
327
(a)
INDUSTRIAL E L E C T R I C T R U C K S
AND T R A C T O R S !
Shipments, total
Domestic .
Exports
_
__
number
_.do
. d o
309
303
6
3
CANADIAN STATISTICS
Physical volume of business, adjusted:!
Combined index
1935-39 = 100-_
127.5
Industrial production:
Combined index
_ do
139.2
219.5
Construction _.
do._115.7
Electric power
_ _ _
_ _
do
Manufacturing _
_
do _._
135.8
121.3
Forestry
_
do
125.0
Mining- .__ _.do
Distribution:
106.1
Combined index
do
122.9
Carloadings
_
do
148.2
Exports (volume) ___ _._ _ _ _ _do __
152. 7
Imports (volume)
_
do
115.8
Trade employment
do _
Agricultural marketings, adjusted:!
151.2
Combined index, .
___ _ _ do
_
163. 5
Grain
_
._ do ._
97.8
Livestock
do ___
Commodity prices:
108.2
Cost of livingf
do
115 7
'85.4
Wholesale prices
1926=100-.
94.6
Employment (first of month, unadjusted):
135.2
Combined index
__ do ___
82.5
Construction and maintenance
do
147.4
Manufacturing
__ _ .
do _ 169.1
Mining
___do-__
148.6
Service
. _ _ _ . _ do- _
_
_
147.0
Trade. do
89.4
Transportation
do__
Finance:
2,540
Bank debits
mil. ofdoL.
105
Commercial failures
number _
64
Life-insurance sales, new paid for ordinary!
31, 500
thous. of doL- 39, 357
Security issues and prices:
New bonds issues, totalf
_ _ _ do-- _ 90, 017 115, 271
100.8
Bond yieldsf
1935-39 = 100-99.3
66.5
64.7
Common stock prices!
do Foreign trade:
Exports, total
thous. of doL- 168,197 ••100,524
9,460
Wheat
thous. of bu
5,424
607
Wheat
flour
thous. of bbl
89, 632
Imports
thous. of dol-_ 119, 556
Railways:
218
Carloadings- __•
thous. of carsFinancial results:
34, 620
Operating revenues
thous. of dol
Operating expenses
_ . _
_
do
28, 558
Operating income
do
4,318
Operating results:
3,127
Revenue freight carried 1 mile-mil, of tons..
217
Passengers carried 1 mile-. ._ mil. of pass Production:
Electric power, central stations
2,407
mil. of kw-hr
91
Pig iron
thous. of long tons
173
Steel ingots and castings
_
do
1,462
Wheat
flour
thous of bbl
125.5
130.7
134.2
137.1
138.0
141.5
148.9
139.1
132.0
141.3
142.4
135.2
136.4
115.8
139.7
125.6
122.8
141.5
177.9
126.1
143.3
118.4
121.8
144.7
178.5
129.1
143.4
114.0
140.8
150.4
286.8
123.3
143.5
117.0
125.6
149.2
130.7
130.8
153.6
131.0
146.3
156.1
145.0
126.1
163.7
129.8
140.9
169.0
166.4
136.2
182.3
145.6
126.0
154.9
145.9
137.4
164.7
132.6
123.6
143.3
129.6
137.5
149.4
123.2
125.6
154.1
184.4
138.9
158.9
127.5
124.4
151 9
125 8
142 9
163 2
126 9
120.2
107.8
125. 3
147.4
153.6
117.9
110.9
129.3
169.2
150.0
120.5
114.9
138.6
196.3
' 145.0
121.6
112.9
133.9
182.1
143.9
121.8
117.6
139.6
212.7
167.3
121.2
114.9
128.0
189.7
184.1
122.0
112.4
119.1
169.2
185.6
123.2
110.2
120.6
139.5
170.3
123.9
111.4
124.4
163.2
159.3
123.4
118.1
138. 8
163.9
194.9
122.9
125 3
149 6
199.7
229 0
143.6
155.2
93.4
275.5
314.7
105.4
323.3
376.1
94.3
217.0
242.7
105.3
268.9
302.7
122.0
95.3
93.7
102.2
55.2
40.1
120.8
113.3
116.0
101.3
81.3
75.6
106.1
129.4
129.3
129.8
136.3
110 4
112.3
108.2
85.9
108.6
86.6
109.4
88.5
110 5
90.0
111.9
91.1
113.7
91.8
114.7
93.2
115.5
93.8
116 3
94.0
115.8
93.6
115 4
94.3
135.3
83.0
150.8
168.7
150.2
145.7
90.5
141.3
100.2
158.2
174.1
158.3
149.1
94.3
145.5
120.0
162.3
174.8
165.6
154.5
99.2
152.9
139.5
168.0
177.2
170.9
156.8
99.2
157.4
149.9
172.5
176.8
179.8
158.5
103.7
160.6
160.7
176.9
178.1
184.0
156.8
105.0
162.7
153.9
181.5
181.6
183.9
157.5
105.9
165.8
155.4
185.0
182.3
175.7
160.9
104.2
167.6
147.7
187.5
185.0
173.7
163.4
102.8
168. 8
143. 4
188.4
183. 5
170.4
167.1
104,1
2,838
90
2,984
67
3,266
84
4,241
72
3,242
58
3,150
67
3,301
45
3,627
57
3,427
80
3,687
78
3,231
77
33, 700
35, 398
36,172
33, 670
32, 681
29, 597
33,975
41, 740
44,984
47,172
43,081
42, 524
100.5
66.8
78, 830
100.6
65.8
115,119
101.1
63.9
876, 920
101.9
64.0
111, 290
101.5
67.5
83, 497
101.2
67.8
62, 521
100.3
71.0
341, 680
100.2
69.1
94, 851
99.1
68.8
91,985
99.3
67.2
90, 326
99.4
66.8
102, 995
11, 623
559
107, 982
118,425
20, 322
850
106, 268
162, 663
29, 623
1,341
128,096
146,822
23,114
1,751
114, 924
170, 901
19,346
1,922
127, 707
150, 496
14, 721
1,437
137, 913
142,897
11, 341
661
136, 991
139, 678
11,841
441
140,819
164,079
22,105
587
134,191
152, 091
18, 271
930
125, 886
152, 307
11,145
750
142,127
250
252
276
271
277
279
294
313
286
294
40, 613
30, 941
7,313
41,887
30,180
9,123
46, 595
32, 257
11, 068
44,817
32,122
9,976
45,442
35, 248
7,262
46, 524
35,988
7,393
47,215
35,861
8,973
51, 239
37, 304
11,483
48,219
35,496
9,927
50,050
36,134
10,818
4,001
218
3,818
225
4,387
230
4,381
248
4,257
318
4,323
354
4,447
286
4,796
262
4,711
227
4,356
387
2,632
102
195
1,477
2,693
103
201
1,661
2,805
114
206
2,121
2,688
112
187
2,118
2,661
102
197
2,117
2,640
106
203
1,852
2,867
112
201
1,648
3,140
137
223
1,596
3,184
134
221
1,665
3,221
148
219
1,577
3,226
146
230
1,556
' Revised.
« The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
!Data on life-insurance sales revised beginning September 1936; for revisions see p. 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p. 56
of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base: earlier cost of living data appear in table 35, p. 19
of the January 1942 issue. Common stock price indexes have been converted to the new base by multiplying the old series by a constant. The index of bond yields has been
completely revised and is now based upon yields of a 15-year 3H percent Dominion issue. The production and distribution indexes and indexes of agricultural marketings
have also been completely revised; revised data will be published in a subsequent issue.
^Beginning with July 1940, data are reported by the Industrial Truck Statistical Association and cover reports of 8 companies. They are approximately comparable with
previous data which were compiled by the Bureau of the Census.
§Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
*New series. Comparable data on total shipments are available only beginning January 1940. "Other" includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives; these are largely industrial; for data beginning with the first quarter of 1939, see p. 55 of the May 1941 Survey.
O. 3 . GOVERNMENT PRINTING OFFlCEl 1942
INDEX TO MONTHLY
CLASSIFICATION. BY SECTIONS
Monthly business statistics:
Page
Business indexes
S-l
Commodity prices
S-3
Construction and real estate
S-4
Domestic trade
S- 6
E m p l o y m e n t conditions and
wages
S-7
Finance
S-12
Foreign trade
S-19
Transportation and communications
S-20
Statistics on individual industries:
Chemicals and allied products. _ S-21
Electric power and gas
S-23
Foodstuffs and tobacco
S-24
Fuels and byproducts
S-2 7
Leather and products
S-29
Lumber and manufactures
S-29
Metals and manufactures:
Iron and steel
S-30
Nonferrous metals and products
S-32
Machinery and apparatus
S-32
Paper and printing
S-33
Rubber and products
S-3 4
Stone, clay, and glass products
S-35
Textile products
S-35
Transportation equipment
S-3 7
Canadian statistics
S-38
CLASSIFICATION, BY INDIVIDUAL
SERIES
Pages marked S
Abrasive paper and cloth (coated)
35
Acceptances, bankers'
13
Advertising
6
Agricultural cash income
1
Agricultural wages, loans
13
Air mail and air-line operations
6,20
Aircraft
1,2,9,11,12,37
Alcohol, denatured, ethyl, methanol
21
Aluminum
32
Animal fats, greases
21
Anthracite
2,3,10,11,27
Apparel, wearing
3, 4, 6, 9, 11,36
Asphalt
28
Automobiles
1,2,3,6,8,9,11, 12,37
Automobile accessories and parts
37
Banking
13,14
Barley
24
Bearing metal
32
Beef and veal
26
Beverages, alcoholic
24
Bituminous coal
2,3, 10,11, 27,28
Boilers
31
Bonds, issues, prices, sales, yields
17,18
Book publication
34
Brass and bronze
32
Brick
35
Brokers' loans
14,18
Buildmg contracts awarded
4
Building costs
5
Building expenditures (indexes)
4
Building-material prices
3
B utter
24
Canadian statistics
15,37,38
Canal traffic
20
Candy
26
Capital
flotations
17,18
For productive uses
18
Carloadings
20
Cattle and calves
25
Cellulose plastic products
23
Cement
1,2,3,35
Chain-store sales
7
Cheese
24
Chemicals
1,2,3,4,9,11,12, 14, 16,21
Cigars and cigarettes
27
Civil-service employees
10
Clay products
1,2,8,9,10,12,14,15,35
Clothing (see also hosiery)
3,4,6,8,9, 11,12
Coal
2,3,10,11,27
Cocoa
26
Coffee
26
Coke
28
Commercial failures
14
Commercial paper
13
Construction:
Contracts awarded
4
Costs
5
Highways and grade crossings
5
Wage rates
13
Copper
32
Copra and coconut oil
22
Corn
25
Cost-of-iiving index
3
Cotton, raw, and manufactures
2,3,4,36
Cottonseed, cake and meal, oil
22
Crops
1,22,25,27,36
Currency in circulation
15
Dairy products.
24
Debits, bank
13
Debt, United States Government
16
Delaware, employment, pay rolls, wages __ 9,11, 12
Department
for FRASERstores: Sales, stocks, collections. 7, 8
Deposits, bank
-__ 13, 14
Digitized
BUSINESS STATISTICS, Pages S1-S38
Pages marked S
Disputes, industrial
10
Dividend declaration payments and rates
1,19
Earnings, factory,
average weekly and
hourly
11,12,13
Eggs and chickens
1,3,26
Electrical equipment
2,3,8,9,10,11,12,33
Electric power production, sales, revenues __
23
Employment, estimated nonagricultural
8
Employment indexes:
Factory, by cities and States
9
Factory, by industries
8,9
Nonmanufacturing
10
Employment, security operations
10
Em gration and immigration
20
Engineering construction
4
Exchange rates, foreign
15
Expenditures, United States Government
16
Explosives
21
Exports
19
Factory employment, pay rolls, wages
8,
9,10,11,12,13
Fairchild's retail price index
3
Farm wages
13
Farm prices, index
_.
3
Federal Government, finances
16,17
Federal-aid highv/ays and grade crossings. __
5
Federal Reserve banks, condition of
13
Federal Reserve reporting member banks
14
Fertilizers
21
Fire losses
5
Fish oils and
fish
22,26
Flaxseed
22
Flooring
29
Flour, wheat
25
Food products
1,
2,3, 4, 6, 9,11,12,14,15,16,24,25,26,27
Footwear
1,2,4,9,11,12,29
Foreclosures, real estate
5
Foundry equipment
32
Freight cars (equipment)
37,38
Freight carloadings, cars, indexes
24
Freight-car surplus
20
Fruits and vegetables
3,24
Fuel equipment and heating apparatus
32,33
Fuels
2,3,27,28
Furniture
30,31
Gas, customers, sales, revenues
23
Gas and fuel oils
3,28
Gasoline
28
Gelatin, edible
27
General Motors sales
37
Glass and glassware
1,2,8,9,10,12,14,15,35
Gloves and mittens
29
Gold
15
Goods in warehouses
6
Grains
3,17,24,25
Gypsum
35
Hides and skins
28,29
Hogs
25
Home-loan banks, loans outstanding
6
Home mortgages
5
Hosiery
36
Hotels
20
Housing
3,4
Illinois, employment, pay rolls, wages
9,11,12
Immigration and emigration
20
Imports
19
Income payments
1
Income-tax receipts
16
Incorporations, business, new
6
Industrial production, indexes
1,2
Installment loans
14
Installment sales, department stores
7
Insurance, life
15
Interest and money rates
14
Inventories, manufacturers'
3
Iron and steel, crude, manufactures
1,
2,3,4,8,9,10,11,12,14,15,30,31
Ironers, household
33
Kerosene
28
Labor, turn-over, disputes
10
Lamb and mutton
26
Lard
26
Lead_.__
2,32
Leather
1,2,4,9, 11, 12, 14, 15,29
Linseed oil, cake, and meal
22
Livestock
25,26
Loans, real-estate, agricultural, brokers'._ 5,6,13
Locomotives
37,38
Looms, woolen, activity
36
Lubricants
28
Lumber
1,2,3,8,9,10,11,12,29,30
Machine activity, cotton, wool
36
Machine tools
8,9,10,11,12
Machinery.. 1, 2,3,8, 9,10,11,12,14,15,16,32,33
Magazine advertising
6
Manufacturers' orders, shipments, inventories
2,3
Manufacturing indexes
1, 2
Maryland, employment, pay rolls
9,11
Massachusetts, employment, pay rolls,
wages
9,11,12
Meats and meat packing
1,
2,3,9,11,12,26
Metals
1,2,4,8,9,10,11,12,30
Methanol
21
Mexico, silver production
15
Milk
24
Minerals
2,10,11
Naval stores
21
New Jersey, employment, pay rolls, wages. 9,11,12
Newsprint
34
Pages marked S
New York, employment, pay rolls, wages. 9, 11, 12
New York canal traffic
20
New York Stock Exchange
18, 19
Oats
25
Ohio, employment, pay rolls
9, 11
Oils and fats
21, 22
Oleomargarine
23
Orders and shipments, manufacturers'
2
Paint sales
23
Paper and pulp
1,2,3,9,11,12,33, 34
Passenger-car sales index
7
Passports issued
20
Pay rolls:
Factory, by cities and States
11
Factory, by industries
10,11
Nonmanufacturing industries
11
Pennsylvania, employment, pay rolls, wages.
9,
11,12
Petroleum and products. 1,2,3,9,10,11,12,16,28
Pig iron
30,31
Porcelain enameled products
31
Pork
26
Postal business
-6
Postal savings
14
Poultry and eggs
1,3,26
Prices (see also individual commodities):
Retail indexes
3
Wholesale indexes
3,4
Printing
1,2,9,11,12
Profits, corporation
16
Public relief
13
Public utilities
4, 10, 11, 16,18,19
Pullman Co
21
Pumps
33,34
Purchasing power of the dollar
4
Radiators
31
Radio, advertising
__
6
Railways, operations, equipment, financial
statistics, employment, wages
1,
2,10,11,13,16,17,18,19,20,37,38
Railways, street (see street railways, etc.).
Ranges, electric
33
Rayon
1, 2,4,36
Reconstruction Finance Corporation, loans.
17
Refrigerators, electric, household
33
Registrations, automobiles
37
Rents (housing), index
3
Retail trade:
Automobiles, new passenger
6
Chain stores, variety (5-and-10), grocery,
and other
7
Department stores
7
Mail order
8
Rural general merchandise
8
Rice
25
River traffic
20
Roofing asphalt
23
Rubber, crude, scrap, footwear, tires and
tubes
1,2,3,4,9,11,12,34,35
Savings deposits
14
Sheep and lambs
26
Shipbuilding
1,2,8,9,11,12
Shoes
1,2,4,9,11,12,29
Silk
1,2,4,36
Silver
15
Skins
28,29
Slaughtering and meat packing
1,2, 9,11,12, 26
Spindle activity, cotton, wool
36
Steel and iron (see iron and steel).
Steel, scrap, exports and imports
30
Stockholders
19
Stocks, department store (see also manufacturers' inventories)
8
Stocks, issues, prices, sales, yields
17,18,19
Stone, clay, and glass products
1,
2,8,9,10,12,14,15,35
Street railways and busses
10,11
Sugar
26
Sulphur
21
Sulphuric acid
21
Superphosphate
21
Tea
26
Telephone, telegraph, cable, and radiotelegraph carriers
10,11,16, 21
Textiles
__ 1,2,4,9,11,12,14,15,36,37
Tiie___:::::::
35
Tin
32
Tobacco
-_
1,2,9,11,12,27
Tools, machine
8,9,10,11,12
Travel
20,21
r
Trucks and tractors, industrial, electric
38
United States Government bonds
18
United States Government,
finances
15,16,17
United States Steel Corporation
19,31
Utilities
4,10,11,15,16,18,19
Vacuum cleaners
33
Var ety-store sales index
7
Vegetable oils
22
Vegetables and fruits
3, 24
Wages, factory, and miscellaneous
10,11,12,13
War program and expenditures
16
Warehouses, space occupied
6
Washers, household
33
Waterway traffic
20
Wheat and wheat
flour
25
Wholesale price indexes
3,4
Wire cloth
32
Wisconsin, factory employment, pay rolls,
and wages
9, 11,12
Wood pulp
33,34
Wool
_
_- 1,2,4,36,37
Zinc
32
@FedFRASER