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DECEMBER 1940
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 20
. N U M B E R 12
SOURCES OF REGIONAL
AND LOCAL CURRENT BUSINESS STATISTICS
Domestic Commerce Series No, 115
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UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
JAMES
W. YOUNG, Director
SURVEY OF
CURRENT BUSINESS
A publication of the
DIVISION OF BUSINESS REVIEW
MILTON GILBERT, Editor
DECEMBER 1940
Volume 20
Number 12
CONTENTS
The business situation
Rise in inventories
Steel and the capacity problem
Construction activity in 1940
Page
3
4
6
8
SPECIAL ARTICLE
Strategic Materials in United States Import Trade
CHARTS
Figure 1.'—Monthly business indicators, 1936-40.
Figure 2.—Indexes of value of manufacturers' new orders, shipments, and inventories, 1939 and 1940.
Figure 3.—-Index of automobile production, with adjustment for
seasonal variations, 1936-40
Figure 4.—Indexes of wholesale prices of industrial commodities,
1936-40
Figure 5.—Quarterly profits of large industrial corporations, 1934-40.
Figure 6.—Value of construction contracts awarded for manufacturing buildings in 37 States, 1936-40
Figure 7.—Value of total and private construction contracts awarded
in 37 States, 1936-40
9
2
3
4
5
8
9
9
Page
Figure 8.—Indexes of q u a n t i t y of t o t a l U. S. i m p o r t s for c o n s u m p t i o n , i m p o r t s of c r u d e m a t e r i a l s (including s e m i m a n u f a c t u r e s ) ,
a n d m a n u f a c t u r i n g p r o d u c t i o n , by q u a r t e r s , 1936—40
F i g u r e 9.—Imports of s t r a t e g i c m a t e r i a l s , by c o n t i n e n t s , ' f i r s t half
of 1940
Figure 10.—Value of i m p o r t s i n t o t h e U. S. for c o n s u m p t i o n , by
e c o n o m i c classes a n d c o n t i n e n t s , 12 m o n t h s ended A u g u s t 1939
a n d 1940
1
12
13
STATISTICAL DATA
New or revised series:
Table 5 3 . — D e p a r t m e n t store sales—Atlanta Federal Reserve
District
16
Table 54.—Exports of m o t o r fuel
16
Table 55.—Average price of United S t a t e s T r e a s u r y b o n d s
17
Table 56.—Public a s s i s t a n c e — o b l i g a t i o n s i n c u r r e d for old-age
assistance
17
Table 57.— Factory e m p l o y m e n t pay rolls
17
Table 58.—Electric power p r o d u c t i o n ,
17
M o n t h l y Business S t a t i s t i c s .
'.
19
General Index
I n s i d e back cover
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276642—40
10
1
SUKVEY OF CURRENT BUSINESS
December 1940
Monthly Business Indicators, 1936-40
INDUSTRIAL PRODUCTION *
INCOME PAYMENTS
IOO
(1929=100)
|
140
j
120
90
80
_J
r -- -
PN^
1
;
70
i
60
!
,
1936
!
|
I
,
1937
1
1938
,
j,,,.,,,, ,,
1939
1940
1936
!937
FREIGHT
CASH INCOME FROM FARM MARKETINGS *
00
120
( 1 9 2 4 - 29 = 100 )
—
90
80
70
f
w
/>J
V
J
\
\
60
1 1 1 I | l i Il i j
1936
1937
MIM
I ,
| | M
1938
1940
CAR LOADINGS
1
i
( 1 9 2 3 - 25 = I O O )
SO
\
1939
f
~
' ~ ' " 100
-j
AA
t
1938
}it
\j
(
Vv/
-j
60 40
!939
! II
.,,i.
.
n
1936
194-0
FACTORY EMPLOYMENT AND PAYROLLS
1937
1938
1939
1940
DEPARTMENT STORE SALES
10
(1923 ~ 25 = 100)
i
j
00
T
;
!
1
90
80
1937
70
1938
1939
•
•
•
.
.
|
i
••
.
I
i
!
.
•
1936
1940
|
I
/
/
V-
100
80
60
1
M
i
l
!
< M < I
1936
i
\f
M
•
•
•
•
:
!
>
•
•
i
;
'
'
i
•
1938
!
i
'
!
1
'
] 1 i j 1 | I !
1939
194-0
(1926 = iOO)
70
I I ! I l l j 1 HI
•Adjusted for seasonal variations.
!
80
II 1 1 1 1 1 I ii! i ii 1
1938
1939
• ! ii
, . t
60
1 1 ' -. i 1 M ' M' ! ' 1 ! 1 i 1 1 !I IM ! I ! 1 1 I M 1 M I I 1 i I I 1 ,
1936
1940
Figure 1.
i
90
\
1937
;
WHOLESALE PRICES
IOO
1935-39 = 100
120
;
1937
COTTON CONSUMPTION*
140
!
j
FACTORY PAYROLLS
(UNADJUSTED)
1936
M
/
1937
1938
1939
1940
SURVEY OF CURRENT BUSINESS
December 1940
The Business Situation
ITH many industries showing strong resistance to
W
the usual seasonal downturn in November, business generally added to the widespread and substantial
gains in activity of the preceding 6 months. Backed
by an unusually large volume of unfilled orders, industrial production repeated its October performance by
again setting a new monthly record on a seasonally
adjusted basis. At the end of the month it was apparent
that the 1939 pattern would be duplicated in that
December output would mark the high point of the
year.
Business news in November also featured a muchless-than-seasonal decline in freight carloadings and
the resumption of a high level of export shipments.
Income and employment continued to advance and to
generate a high volume of retail sales, assuring a record
quantity of Christmas trade. In one important
respect, however, the business situation had altered
from that of recent months; October reports showed the
largest increase in manufacturers' inventories since the
current industrial expansion began in May.
As in other recent months production in the durablegoods industries made the better showing on a seasonally adjusted basis. This was to be expected since the
entire rise of new orders in October occurred in these
industries. In the iron and steel industry new business
was maintained in extraordinarily high volume while
new orders for machinery and most other durables
registered a further marked advance.
Defense Requirements Largely Durable Goods.
The great emphasis in the current advance on durable-goods orders and production is quite understandable
1939 = 100
160
/
150
s
jj
I
140
J
NEW
ORDERS-
130
;
\
\l
I 10
•I
100
il
lul
90
'
*
)
W
ii
. SHIPMENTS
I
f/(ifrr
\
A
SCALE)
-115
0
INVENTORIES^
\
I
120
80
I
\
;
(LEFT SCALE)
Production Resists Seasonal Slack.
The rate of increase in the actual volume of industrial
production slowed during November as capacity limits
were approached in important durable goods industries.
However, whereas production usually declines at this
season of the year, the stimulus afforded by the defense
program held or increased output from October levels.
All told it appeared that there was a contrascasonal
advance in production that would raise the Federal
Reserve Board's adjusted index to 131. The index had
attained a new record in October with a figure of 128.
The fact that limitations of capacity in some important lines are likely to necessitate a slower production rise from this point forward is suggested by the
Department of Commerce monthly Industry Survey
for October. In that month the index of new orders
added 10 points to its already impressive total and
stood at a new peak of 174 (January 1939 = 100).
Shipments, on the other hand, failed to extend their
wide September gains, rising only slightly in spite of
record backlogs, as may be seen in figure 2. The actual
advance was attributable to the durable goods industries, the automobile and other transportation equipment industries making the only sizable gains. Although shipments of textile-mill and rubber products
increased, other nondurables—including paper, chemicals, and petroleum—registered declines. While the
small advance in shipments generally may result in
part from a reduction in shipments out of finished goods
inventories, it would appear that many firms are fully
utilizing their existing facilities.
-120
J
-110
1
:
;#
•* *• •••"
-105
i
-100
—
\
"v*
^ 1 1 1 1 1 1 1
1939
1
!
-_9 5
i ! i
1 1 I
I
!
i
I
1940
Figure 2.—Indexes of Value of Manufacturers' New Orders, Shipments,
and Inventories, 1939 and 1940 (U. S. Department of Commerce, Bureau
of Foreign and Domestic Commerce).
NOTE.—35 units on the left scale (new orders and shipments) equal 15 units on the right
scale (inventories). The two scales were used to take into account the difference
in dollar volume represented by the index numbers.
when the national-defense program is examined in
broad outline. Of the $17,409,000,000 appropriations
and contract authorizations, defense contracts had been
let by the Army and Navy for $9,183,000,000 of plant,
equipment, and commodities up to November 15. Information on contracts awarded up to November 1
showed almost half of the sum at that time was for
ships. Of the remainder, close to 1.5 billion dollars
represented airplanes; better than 1 billion dollars was for
construction of all types of productive facilities, including housing and shelter for trainees; 1.2 billion
dollars was devoted to various ordnance supplies; and
about half a billion represented automotive equipment.
SURVEY OF CURRENT BUSINESS
Thus, almost 95 percent of the funds then allocated in
contracts were for the direct production of durable
goods. Among the large nondurable-goods industries,
the major immediate impact of defense purchasing was
felt in textiles. Other nondurable-goods industries
will benefit from the defense program, but the major
benefits will be more indirect, stemming from larger
consumer incomes. For this reason, and because they
were already operating at a relatively high rate, expansion in these industries has been more gradual, and
less dramatic than the upswing in durable goods.
The advance in November production was led by a
considerable rise in bituminous coal ouptut and by
somewhat smaller increases in automobiles, steel, and
machinery. Coal production during October had been
unusually low because of the existence of large stocks
accumulated in the period before minimum prices were
established. Hence, while November output represented a large percentage increase over the October
200
1935-39 = IC
)0
A
150
VV
100 V
w
50
0
A\
V J
U N I I M I M
1II11111.1,
1936
V
1937
1938
1939
1940
O.O. 40-426
Figure 3.—-Index of Automobile Production, With Adjustment for Seasonal
Variations, 1936-40 (Board of Governors of the Federal Reserve System).
volume the total was not unusually large for the month.
In spite of continually rising backlogs, daily average
steel production increased very little during the month
because of limited unused capacity. Production in the
month was 6,400,000 tons, about 96.3 percent of rated
capacity. This compares with output of 93.5 percent
of capacity in October and 92.4 percent in November
1939.
The automobile industry experienced the best
November in its history, producing approximately
500,000 units, 9.7 percent more than in October, and
bringing the total production for the year to date above
the 4,000,000 mark. Production schedules were revised during the month as high retail sales kept stocks
below those desired. About 100,000 units were added
to stocks, which at the end of November stood above
350,000. The industry was also becoming occupied
with tank and aircraft production. It- now holds more
than $1,000,000,000 in arms orders and expects an
additional large amount in the spring, when much subcontracting will be made by airplane companies. Considerable expansion of plant and equipment, placed at
about $100,000,000, will be necessary to handle these
orders.
December 1940
The machinery industry continued to respond to
exceptionally high backlogs induced by British and
defense purchasing. With capacity in the industry
being expanded month by month, the volume of
machine tool production is currently double that of a
year ago and at an all-time record. Somewhat smaller
gains were reported in cotton textiles, chemicals, and
paper. In the lumber industry a fairly sizable decline
was reported, but this was no more than seasonal.
While details were not available at the month end, it
seemed likely that the advances in the industries reported would be partly offset by declines in other
nondurable fields.
Consumption of electric power also advanced in
November, in response to an increased seasonal demand.
Weekly output in the month reached 2,752 million
kilowatt-hours, 9 percent higher than a year ago and
an all-time high.
Though freight carloadings were lower in November
than in October, the decline was considerably less
than usually experienced. Higher coal loadings, associated with the increased production discussed above,
were chiefly responsible for sending the Federal Reserve adjusted index to 83, its highest mark since the
spring of 1937. In addition to this, however, both the
movement of ore and miscellaneous commodities contributed to the advance by declining less than
seasonally.
Rise in Inventories.
The sharp rise in new orders and production during
the past several months has indicated some lengthening
of business commitments. Evidence in support of
this view is now available in the substantial rise of
manufacturers' inventories during October. The Department of Commerce index increased 2 percent in
this one month. While this may seem to be a small
percentage gain, it must be remembered that the total
value of inventories held by manufacturers is more
than $11,000,000,000 so that a 2-percent increase
represents an investment of more than $200,000,000.
Most industries contributed to the rise in manufacturing inventories, with the largest increases being
reported in transportation equipment, electrical machinery, and textiles. The movement could not be
called a general one, however, for accumulation in distributive channels appeared to be small. The Department of Commerce report on inventories in wholesale
trade advanced only slightly in October, while a gain
of similar magnitude was reported in department-store
stocks, allowing for the usual seasonal influence.
No doubt the substantial increase in manufacturers'
inventories does represent some protection against
interrupted shipments or expected price advances.
But another veiy important factor also is contributing
to the inventory increase. This is the larger stocks of
raw materials and goods in process required for a rising
December 1940
SURVEY OF CURRENT BUSINESS
level of production. It is to be noted that the largest
inventory increases have come in defense industries
where production is being pushed ahead rapidly.
Moreover, the inventory increase in October was associated with a stable shipment rate indicating that
purchases of raw materials from nonmanufacturing
areas and an expansion of goods in process were probably the major sources of the rise.
Prices Continue To Advance.
As buying of both raw and semimanufactured products continues active, the tendency toward firmness
in prices has remained in evidence. Although some
wholesale commodity prices weakened slightly with the
easing off of purchasing subsequent to November 15,
the net result of price trends during the month was a
continuation of the upward movement. The Bureau
of Labor Statistics daily index of 28 basic commodity
prices closed the month of November at 117.1, 3 percent
above the point reached a month earlier. In contrast
to the movement of recent months the foodstuffs group
showed the largest rise and the raw industrial group
the smallest; the latter averaged 2 percent higher on
November 30 than on October 31, as against a 4-percent
rise in foodstuffs. Prior to November the order of
price increases w^as the reverse of these.
For the week ended November 30 the Bureau of
Labor Statistics "all commodities'7 index stood at
79.7 (1926 = 100), 3 percent above the figure for the
w^eek ended August 24, when the current price advance
began. Between these two periods the index for
semifinished goods has risen slightly more than that
for raw materials, finished-goods prices advancing less
than either. In the retail field Fairchild's index of
department-store prices scored successive increases in
September and October, and at 93.5 (December 31,
1930=100) on November 1 stood higher than at any
time since the closing months of 1937. On the other
hand, the cost of living declined slightly in October,
the Bureau of Labor Statistics index of food prices in
51 cities dropping 1 percent from mid-September to
mid-October.
That wholesale prices were not advancing in the
sensational fashion of a year ago should not obscure the
fact that some general upward movement is in progress.
As yet it is not great for, in spite of record production,
sensitive commodity prices have increased only to
levels prevailing in February and March. These levels,
however, do involve an increase of 17 percent over prewar quotations. As may be seen in figure 4, prices of
industrial commodities general!}^ are also above prewar figures though by much smaller percentages.
Bank Loans Increase.
While the expansion currently under way is beingfinanced largely through more active use of the liquid
resources of business firms, industry continued during
November to call upon the banking system for supplementary funds. The Federal Reserve weekly reporting member banks added $165,000,000 of loans to
business from October 23 to November 27, making a
total net increase of $456,000,000 since August 21.
The Reconstruction Finance Corporation had outstanding at the end of November $50,864,000 of loans
to business for specific national defense purposes, and
had made commitments for a much larger sum than
this. Corporate security flotations for new capital,
however, which had approximated $68,000,000 monthly
in August and September, dropped to $47,000,000 in
October. Securities issued to obtain refunding capital
during October were in the greatest volume since 1936.
But a smaller issuance of these during November contributed markedly to the decline in total offerings of
new securities. Common stock prices lost ground during November, with the Dow-Jones 65-stock average
1934 = 100
130
120
MATERIALS
RAWAND SEMIFINISHED
i
\
1936
ODUCTS
\
/
1937
1936
1939
j
1940
Figure 4.—Indexes of Wholesale Prices of Industrial Commodities, 1936-40
(Federal Reserve Classification of Bureau of Labor Statistics Data; All
Foods and Feeds, Both Raw and Processed, Are Omitted).
down 4.3 percent. Although relatively low stock
prices continue to present an obstacle to equity financing, national defense and correlative business expansion
are assured ample funds from banking and other
sources.
Exports Recover From September Decline.
As was expected, the September decline in exports
proved to be temporary as the October volume recovered to reach a total of $336,000,000. Imports also
advanced, totaling $207,000,000.
The extent and nature of the rebound in exports is
to be appreciated from the fact that almost all countries
participated, and most major commodities were traded
in larger quantities. Exports to Japan increased the
most in percentage terms. However, movement of
goods to the United Kingdom advanced only a small
amount—to $106,000,000, less than the volume realized
in the summer months. The $73,000,000 trade with
Canada was the greatest since the outbreak of the
war. Exports to South America increased only slightly.
6
SURVEY OF CURRENT BUSINESS
As during the whole of the war period, the advance
was heaviest in war materials, shipments of aircraft and
machinery increasing markedly. Only iron and steel
proved to be an exception, declining further in October
to $51,000,000, the lowest since July. Large gains
were recorded for shipments of automobiles and unmanufactured cotton, though the volume of the latter
was far below what is usual for this season of the year.
In spite of the increase in October, exports in recent
months have not been so large as might have been
anticipated from the size of British orders. This is
most likely the result of insufficient production of the
goods required, and not of inadequate shipping facilities
for conveying the goods.
Gain in Employment and Pay Rolls.
With advancing production, employment and income
continued to increase in October. The addition of
316,000 persons raised nonagricultural employment to
an estimated total of 38,952,000. This represented
a gain of 2,300,000 since February, and of 1,152,000
over October 1939. The October figure was the
highest since 1929. The most notable gains occurred
in manufacturing industries where the number of
wage earners employed increased 176,600 to an estimated 8,674,600. On an adjusted basis the index of
factory employment rose from 105.2 in September
to 107.5 in October.
Total income payments in October were $6,671,000,000, bringing the aggregate for the first 10 months
of the year to $60,649,000,000, almost 6 percent more
than in the same period last year. With the exception
of June 1936, when the adjusted service certificates
were distributed, the seasonally adjusted index of
payments at 92.3 was higher in October than at any
time since May 1930. Factory pay rolls registered a
large gain, expanding 4 percent to a weekly volume of
$216,755,000, higher than the 1929 average.
Despite the unfavorable export market for farm products, agricultural income also increased during October.
Cash income from farm marketings in this month approached the peak of the war period as the seasonally
adjusted index rose from 75.5 to 80.5 (1924-29 — 100).
Income from the marketing of livestock and livestock
products was especially large, being the highest since
the end of 1936. Prices of meat animals, chickens, and
dairy products recently have advanced a good deal more
than those of grains or cotton. The latter are more
directly affected by loss of export markets and experience larger fluctuations in supply. It is apparent in the
case of wheat and cotton, that recent strength in prices
and income from marketings has been in no small part
the result of a reduction in available market supplies as
substantial volumes have gone into Government-loan
stocks.
Large Christmas Trade Anticipated.
Retail stores entered the holiday season with the
dollar totals of trade promising to equal that of the late
December 1940
twenties. As prices are lower than a decade ago, the
physical volume of goods flowing into consumers7 hands
this December will be the largest on record by a considerable margin. In addition to higher employment
and income, trade is being currently augmented by
increases in retail installment credit and in cash loans
by consumer credit agencies. The fact that prospects
for a high level of employment next year are very good
is contributing to liberal consumer purchasing. Still
another favorable factor is the sizable volume of Christmas funds available for distribution. These are reported to be $365,000,000, 4K percent above 1939 and
11 percent above 1938.
Failure of department-store sales to achieve the usual
seasonal gain in October was not typical of urban retail
sales in general, most other indexes indicating a morethan-seasonal increase. Moreover, as was expected,
the decline was temporal, for in November the dollar
volume of sales after adjustment for seasonal factors
was indicated b}^ the weekly data to have risen above
the index level of 99 percent recorded in August and
September. Variety-chain stores also continue to enjoy a very good volume of business, the adjusted sales
index for October standing at its highest point since
1929.
I Only rural sales lagged in this upward movement of
retail trade in recent months as their increase was less
than that usually expected in the fall of the year.
The adjusted index stood at 122 in October, as compared to 128 in September and 146 in August (192931 = 100). Over the next few months, however, rural
sales should experience some revival, for farm income
in the final quarter of this year is running higher than
in the same period of 1939.
Steel and the Capacity Problem
As mentioned previously, further expansion of industrial production is likely to proceed at a slower pace in
the months ahead because the output of many firms is
already pressing upon capacity. It is, of course, well
known that production is being pushed to the limits of
capacity in the direct armaments industries, and that
a vast capacity expansion program is under way.
However, a situation differing only in degree also exists
in many other durable goods trades. Capacity output, if not already reached, is not far away so that a
substantial increase in production must wait upon
plant expansion.
The situation is well illustrated by the present statistical position of the steel industry. Steel production over the past month has been above 96 percent of
capacity—a record level in terms of tons produced.
New orders have been well in excess of shipments, and
backlogs of unfilled orders are high and rising steadily.
This is the position of the industry with the defense
program barely under way, with shipments of war
materials to Britain scheduled to increase sharply, and
SURVEY OF CURRENT BUSINESS
December 1940
with civilian demand considerably under estimated
requirements for the level of national income likely to
be achieved during the coming year. Some disagreement exists regarding the level at which the industry
can operate for an extended period with existing plant
but in no instance is it estimated that more than a
moderate increase over present production can be
achieved.
Thus, since steel production can be increased but
little if at all, it is necessary to determine whether
current production is being consumed or whether a substantial proportion of output is going into inventories.
If the latter is the case not only the margin between
production and consumption will be available for enlarged demand, but future needs can also be met out
of the inventories now being piled up.
That domestic consumption of steel today is very
large is clearly evident from the degree to which activity
in major steel-consuming areas has advanced over prewar levels and to this has been added an exceptional
volume of export business. The fundamental change
in the position of the industry in this respect is perhaps
even more vividly illustrated by a comparison of activity in October of this year with October of last year,
when steel production was at the high rate of 91 percent
of capacity. The following table presents such a comparison, showing steel exports and production in the
major steel-consuming industries.
October
1939
October
1940
Percent
increase
October
1940 from
October
1939
310
313
493
57.5
130
83
131
99
196
134
99
140
117
220
139
138
224 ,
149
877
June
1939
Automobile production (thousands)
Structural steel shipments (thousand
tons)
Railroad cars (1935-39=100)»l
.
Shipbuilding (1935-39= 100)
Machinery (1935-39= 100) i
Exports (thousand tons)
.
3,7
39,4
60.0
27.4
298. 6
i Federal Reserve production indexes.
The most dramatic rise has occurred in the export of
steel. Prior to the outbreak of war this amounted to
about 4 percent of capacity. Now it is running at
almost 20 percent of capacity and orders are in excess
of shipments. Other large gains have taken place in
shipbuilding and the production of machinery. Automobile production, the largest single domestic consumer of steel, is currently much in advance of a year
ago. In construction and the railway equipment industry the rise has been less spectacular. Nevertheless, both are very large steel consumers and the additional demand in terms of tonnage has been considerable.
Although data are not available to measure directly
the consumption of steel, careful estimates based upon
the level of activity in major steel consuming industries
plus exports indicate that the volume of steel flowing
into final use at the present time is not more than 5
percent under current production. This leaves only a
small margin for inventory accumulation, a radically
different situation from a year previous when probably
as much as a quarter of the steel produced was moving
into inventories. Total steel inventories are, of course,
higher than a year ago but much of this is needed to
support increased production.
Thus, it is apparent that with steel production close
to capacity and consumption close to production,
it would not be possible to meet a greatly enlarged
demand for steel. Although steel has added importance as the basic material of modern industry, it
need hardly be said that the same statement may be
made for a number of other durable goods industries.
Yet in the next year increased demand for the products
of each will be forthcoming from three sources: Larger
actual expenditures for defense purposes; enhanced
export demand on the part of the United Kingdom and
the Empire countries, assuming continuation of the
war; and increased civilian requirements as national
income expands.
A few industries have already moved to meet this
expected increase in demand. In the aluminum
industry, for example, expansion already under way or
planned will lift present capacity from 465,000,000
pounds per year to 690,000,000 pounds by July 1941
and 825,000,000 pounds a year later. In the steel
industry itself, a start has been made with the announcement that 400,000 tons would be added to capacity by
a firm in the Birmingham area and with the considerable increase in electric furnace facilities that is under
way. Furthermore, plans are under way for additions
to capacity of much larger tonnage.
Rationing has been suggested as one way of handling
the situation in those industries where sufficient supplies will not be available. While this may be required
as a temporary expedient, it means freezing a substantial proportion of durable goods production at not
much above its present level and seriously checking
general expansion short of full utilization of our labor
and raw material resources. Since we have the basic
resources for a further large increase in production we
can fulfill the present armament program without
limiting the production of other goods. However,
because construction of new capacity must take time,
it is not unlikely that rationing may be necessary in
some lines until sufficient output for all uses is available.
Profits Exceed Year Ago Returns
Profits of industrial corporations continue to exceed
those of 1939 by a large margin, though the reported
gain in the third quarter of 1940 was smaller than in
the earlier part of the year. Earnings of 373 large
corporations compiled by the Federal Reserve Board
were 41 percent higher in the first 9 months of this
year than in the same period of 1939. Net profits
in the third quarter of 1940, however, were but 25
percent larger than in the third quarter of last year
8
SURVEY OF CURRENT BUSINESS
and 10 percent smaller than in the previous quarter of
this year.
Most industries have contributed to these higher
aggregate profits in the first 9 months though a few
show lower net profits. The latter are largely consumers' goods industries, such as foods, beverages, conMILLION DOLLARS
500
TOTAL, 373 COMPANIES
400
300
200
100
200
AUTOMOBILES AND
ACCESSORIES
(+s COMPASS)
150
100
-50
150
IRON AND STEEL (*e COMPANIES)
100
-50L_J_L
100
MACHINERY
(ss
50
December 1940
As to the decline in earnings from the second to third
quarters of this year, it is in part attributable to the
usual seasonal in certain industries that comes with the
slack summer season. Production in other industries,
however, advanced considerably during the period but
in only one of these, the iron and steel industry, were
profits notably larger in the third quarter than in the
second.
A further factor affecting third quarter profits reports was the new tax legislations applicable to corporate income. The (First) Revenue Act of 1940, approved June 25, increased the normal tax rate on the
average from 18 to about 20.9 percent; and the Second
Revenue Act of 1940, approved October 8, advanced
the normal tax rate further from 20.9 to 24 percent.
Moreover, this act imposed an excess profits tax. As
this latter legislation was adopted at too late a date to
influence most reports on second quarter earnings, it
has had a disproportionate effect on third quarter reports. If the new taxes, which are retroactive to January 1, 1940, could have been allocated properly over the
year to date, the profit reports for the third quarter
would have been more in line with expanded industrial
output.
In spite of increased taxes the rate of return on
equity capital for 1940 will probably be the best experienced by industrial concerns since 1929 as a result
of the record level of industrial production. Adequate
statistical evidence is not available concerning possible
changes in cost-price relationships, though it is known
that hourly wage rates and raw material costs have not
risen to any significant degree. Of course, the very
rapid expansion of personnel and the pushing of operations close to capacity in certain lines may have resulted
in lower efficiency for a short period. But against the
factor must be set the reduction in per-unit overhead
costs accompanying the expansion of production.
Construction Activity in 1940
100
INDUSTRIAL
CHEMICALS
G?«? COMPANIES)
50
100
0
BEVERAGES. CONFECTIONERY
FOODS.
\
50
I
I I
1934
AND
TOBACCO
1
i
i i
1935
!
1
1936
1
i
H—h—
| i
1937
1 ! •1
S938
06 COMPANIt<*)
!
I I I
1939
t i l
1940
1 1
1
1941
1 1
1
1942
O.O. 40-606
Figure 5.—Quarterly Profits of Lar£e Industrial Corporations, 1934-40
(Board of Governors of the Federal Reserve System).
fectionery, and tobacco. In general, capital goods
industries, including iron and steel, railway equipment,
industrial machinery, and electrical machinery have
reported the largest gains for this year over last. However, some consumers' goods industries, like petroleum,
automobiles, and textiles, have also recorded substantially higher profits.
Preliminary estimates of total construction expenditures for 1940 show only a moderate gain in total
activity over 1939, but they do reveal some marked
and significant shifts in the type of work done. Total
construction activity in 1940 was approximately
$9,925,000,000 or an increase of 2% percent over 1939
and the largest figure since the 1930 volume of $11,729,000,000. New private construction was responsible for
the increase, advancing 14 percent to achieve a dollar
aggregate of $3,985,000,000. The largest decline was
experienced in work relief construction, which fell
from $1,032,000,000 in 1939 to $800,000,000 this year.
In spite of substantial changes in the size of its various
components, new public construction was down only
slightly in the aggregate.
The increase in private construction is most significant since this area has been a prolonged weak spot in
9
SURVEY OF CURRENT BUSINESS
December 1940
the general business picture during the whole of the
past decade. Though all major categories of private
construction participated in the 1940 increase, basic
recovery of the industry was best shown in the continued
gain of residential building, where activity this year
advanced 10 percent above that of 1939. This $2,050,000,000 expenditure in residential building was largely
independent of any stimulus afforded by the defense
program and in itself provided strong support to business in general. Commercial, factory, and utility
construction all registered sizable increases over 1939.
The national defense program was an important
factor in new public construction during the year.
Reduced Federal appropriations had led to a decline
in public construction during the first half of the year.
But the immediate need for additional military and
naval facilities, including housing for new recruits,
resulted in activity almost sufficient to offset the drop
in other new public construction.
The outlook for the construction industry next year
is especially favorable. The large volume of contracts
awarded late in 1940, as may be noted in figures 6 and
7, assures high activity for the first part of 1941, while
the upward trend of general business and the large
amount of construction required for the defense program strengthen prospects for the whole year. Although
it is anticipated that work-relief construction will
decline as business expands, this probably will be more
than offset by increased private building and defense
construction. Private residential, commercial, and
factory building all should show substantial gains if
demand is not restricted by rising prices and costs.
$2,000,000,000 of appropriations have been earmarked
for construction purposes. Projects representing a
little more than half of this amount have been started,
but the bulk of the work will be done next year. About
MltLIONS OF DOLLARS
60
20
10
0
H/
AV
I I I
40
30
1
ft
50
1
jl A l l |
A _ J /V J
7\/vW
/V
,,,,,,
1936
1937
—4—
\AI\
1938
A
/Vv /
,
,
1939
1940
Figure 6.—Value of Construction Contracts Awarded for Manufacturing
Buildings in 37 States, 1936-40 (F. W. Dodge Corporation).
one-fourth of the construction funds will be devoted
to additional facilities for the production of military
and naval goods, both directly by the Army and Navy
and by private business firms. Many plants are not
yet under construction and much of the work will not
be completed until well into 1941. The building of
MILLIONS OF DOLLARS
500
Construction Activity in the United States, 1939-40
[Millions of dollars]
Total, all typos
T y p e of construction
1939
.. -
9,688
9, 925
6,089
3.491
3,151
1 8(50
531
760
340
2 598
81
2, 517
2, 567
1, 032
6, 525
3,985
3,615
2 050
665
900
370
2 540
200
2 340
2, 600
800
New construction, total
Private funds, total. . . . _
Nonfarm, total
Residential
Public utility
Other nonresidential..Farm
. __
Public funds, total
Residential
.
_
Other *
Maintenance--.-. __
. ._
Work-relief construction
1
2
..- .
-
. -
1940 i
Preliminary.
Does not include building of naval vessels.
Source: National Income Division, Bureau of Foreign and Domestic Commerce.
Actual defense spending on construction still is small
in comparison with what it will be in 1941. Over
276642—40-
100
1936
1937
I93S
1939
Figure 7.—Value of Total and Private Construction Contracts Awarded In
37 States, 1936-40 (F. W. Dodge Corporation).
shelters for trainees, a good share of which was completed in 1940, is to cost $631,000,000. "Defense"
housing for enlisted men and defense workers will
require another $240,000,000. Some $337,000,000 is to
be expended on air bases and $258,000,000 on other
construction at military and naval stations, including
seacoast defense.
10
SURVEY OF CURRENT BUSINESS
December 1940
Strategic Materials in United States Import
Trade
By August Maffry, Assistant Chief, Division of Foreign Trade Statistics
T
HE impact of the European war upon United
States import trade has taken a variety of forms.
The immediate effect of developments during the first
year of hostilities was to cut off sources of supply in
practically all continental European and Mediterranean
countries. The loss of these markets to world trade
has forced other countries to seek new or expanded
outlets for their products in the United States or,
together with the disruption of sea communications,
has resulted in the shipment to the United States in a
crude form of commodities customarily imported in
semifinished or finished form.
Fears of an impairment or interruption of shipping
connections with vital sources of supply in Asia have
led to plans for the accumulation of domestic stock
piles of the more indispensable imported materials.
At the same time, the manifest need for greater selfsufficiency as a matter of national defense and the rise
in the prices of many commodities because of war
conditions have promoted the search for domestic
sources of supply and for substitutes. To the degree
that it is successful, this search will in time profoundly
affect the size and constitution of import trade. War
circumstances have given rise also to the importation
into this country for storage of products entering the
world market, as in the case of a number of metals
and as has been proposed in the case of the Australian
wool clip. Transactions of this character serve to
inflate the statistics of imports into the United States.
Again, the altered political and economic relationships
growing out of the war in Europe are directly responsible for the concerted efforts being made under Government direction to foster import trade with Latin
America. They are, moreover, not without significance
for the continued import and purchase by the Treasury
of unprecedented quantities of foreign gold and silver,
which are in many countries among the principal articles
of export to the United States.
These various factors affecting import trade, some
tending to expand the trade and some to reduce it,
some actual and some potential, have been largely
obscured during the period since the outbreak of the
European war by the influence of increased industrial requirements upon the volume of imported raw materials.
Relationship Between Imports and Industrial Production.
An analysis of foreign trade over a period
reveals that the relative level of import trade
mined largely by fluctuations in industrial
(See fig. 8.) The relationship between the
of years
is deteractivity.
physical
volume of imports and industrial output is, however,
not a simple but a complex one, as frequent divergences
suggest. In the first place, only about half of total
imports over a term of }rears represents industrial
materials brought into the country for further processing.
The volume of other major imports, including several
staples of the American diet, is influenced primarily
by population trend in conjunction with the size and
distribution of the national income and only indirectly
by the level of industrial activity. Even in the case
of raw materials for industry, an increase in domestic
requirements may have as its first consequence the
utilization of domestic or imported stocks, so that the
resulting increase in imports may follow a rise in
industrial output by a considerable interval. On the
3-25=100
100
80
60
1936
1937
1938
1939
1940
Figure 8.—Indexes of Quantity of Total U. S. Imports for Consumption,
Imports of Crude Materials (Including Semimanufactures), and Manufacturing Production, by Quarters, 1936-40 (U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce).
NOTE.—The index of industrial production was recomputed, with the 1923-25 average as base, from the revised series (1935-39=100) constructed by the Board of
Governors of the Federal Reserve System.
other hand, the anticipation of future needs through
the building up of inventories will be reflected in enlarged importations in advance of a related increase in
production. At times, extraneous factors such as the
raising or lowering of trade barriers and domestic
drought may be the predominant influences upon both
the character and the volume of import trade.
Trends in Import Trade Since 1936.
Since 1936 United States imports have passed through
a complete cycle closely paralleling the course of manufacturing production.1 The broad upward movement
i In view of the composition of the respective indexes, a comparison of the volume
of imports with the volume of manufacturing production rather than the volume of all
industrial production is considered more significant. Fluctuations in the latter two
series are, however, practically identical.
December 1940
11
SURVEY OF CURRENT BUSINESS
beginning in 1933 carried the trade in 1937 above the
1929 level in terms of quantity although not of value.
The recession in industrial activity extending from the
last quarter of 1937 through the second quarter of 1938
was accompanied by a slump in imports of even greater
magnitude, partly because of the passing of the effects
of the drought upon purchases of grains from foreign
countries. The rise in output after May 1938, broken
only by a minor downturn in the first part of ]',K»9,
carried with it an irregular but steady increase in imports, which became pronounced when manufaetujuiiu
production rose sharply after the outbreak of iho European war. Both domestic production and \olunn* of
imports fell in the early months of 1940 somewhat below
the levels of the last quarter of 1939. Because of thr
comparatively small movements of import prices in
recent years, fluctuations in the value of imports have
followed changes in the physical volume of import*
without important deviation.
The inauguration of the defense program and the
resulting stimulus to manufacturing output have scrv rd
to maintain import trade in 1940 at levels well abov'e
those of the corresponding periods of 1938 or 1IJ30
The value of general imports during the 12 months
ended with August was 23 percent larger than in the
corresponding period of 1938-39 (although considerably
smaller than during the same period of 1936 -37;. This
rise in total imports was restricted by thf* decline
in imports from Europe, which became drastic after
the closing of most of the outlets from continental
and Mediterranean countries in June. The increase
in receipts from non-European areas during the fir>t.
year of the war was nearly 40 percent. Successive
decreases in aggregate imports in August ami September, which occurred despite the upward trend in manufacturing production, were followed in October by a
renewed rise.
Table 1.—United States Imports of Strategic Materials, by
Countries, Calendar Year 1939 and First Half of 1940
Sources of Strategic Materials.
The principal sources of imported raw materials
required by American industry remain open despite*
blockade and counterblockade measures affecting three
continents. Of the materials officially designated as
strategic (i. e., materials essential to the national
defense for the supply of which dependence must be
placed in whole or in part on sources outside the continental limits of the United States), mercury is the
single item of which the primary foreign source has
been a continental European or Mediterranean country.
However, high domestic prices for mercury have so
stimulated domestic production that the United States
is now more than self-sufficient in the mineral so far as
vital requirements are concerned. Substantial quantities have been exported during 1940.
Three strategic commodities have been obtained
during recent years almost exclusively from countries in
this hemisphere: Antimony ore from Mexico, Bolivia,
Peru,
and Argentina; nickel from Canada; and quartz
l l t \ e i , ciucho and other natural
crude rubber (1,000 lb ) a
1,052,679 100.0 167, 587 739,944 100.0 128, 446
Bi-tibh Malaga
597, 318 56.7 94, 367 423, 766 57.3 73,964
290,141 27.6 47, 012 222, 493 30.1 38, 800
Netherlands Indies.
53, 908
7.3 9, 204
12,762
77, 904
Ce\ 'on
...
. . . .
9, 594
1.3
1,650
.1, 187
Brit Mi India and B u n n i
7, 548
20, 076
58, 207
I n vi h Indo Chiiia.. . . . . .
9 7 3,250
9, 267
12, 847
6,414
936
1 2 1,611
sontii di d Centrfil America
.
15, 838 100.0 50, 094
K >u -^k a.ooon. N
51, 595 100.0 120, 848
Japin . . . . . _.
__
12, 306 77.7 41, 260
44, 578 86.4 106,949
[Values in thousands of dollars]
First half of 1940
1939
Quantity
Quantity
Commodity and country
Amount
Autii"ony oro n,or«01b >)
Mexico.. . _ _ . . - .._
Tioh\ in
Peru
Othf! ^outh Arurica
( hronntf M ,000 tons 2)
P.Mti^h South Virica . . . ._
Brit oh V est Africa
Philippine I lands,. _ . .
Bi m-h Indn
bunch Occam 1
J urkey
--
Percent
Value
Amount Percent
Value
16, 421 100.0
9, 346 56.9
6, 309 38.4
750
4.6
.1
15
153,120 100. 0
52, 590 34.3
2.4
3,674
40, 225 26. 3
6, 973
4.6
16,199 10.6
15,182
9.9
3.1
4,741
8.4
12, 812
1,076
506
,507
02
1
4,125
1, 547
184
744
234
392
636
122
247
134,891 100.0
52,416 38.9
1.9
2, 576
28, 624 21.2
6.1
8,170
7, 572
5.6
8,015
5.9
4,322
3.2
21,764 16.1
1,132
676
371
63
22
3,815
1,719
81
635
254
281
324
112
361
100. 0
8, 498
592, 776 100.0
8,029
21.9
16.5
6.2
14.5
1. 1
.0
39.1
2,204
1,690
367
(4)
1, 055
90
46
3,019
209, 319
68, 090
54,958
7,828
57,187
19, 246
71, 261
102, 662
100.0
98.4
1 6
100.0
72.9
17.2
4. 6
1.6
2.5
4,172
4, 094
78
912
646
138
56
21
34
2,699
1,372
737
152
520
211
708
1,575
2, 899
2,750
148
1,185
1, 006
18,896 100.0
12,691 67.2
4,909 26. 0
861
4.6
2.3
436
Oie it'
.
.. _
Cuba
1
]Si mganeso <>rv containing 35 percent m d o\oi of mmganese
702. 934
'1,000 lb - . .
L men oi ^o\i>t Suupli^t Re154, 294
pablu ->
. .
115,849
Clbtl
43, 678
Bi .z 1 . .
.
......
51
( hilt
102, 046
British Inui i
7,802
I'nilippnie Inlands
_
. .
3,802
I'iiion of South Africa . . . . . . . . .
275,002
Gold L o r *
ZUnnili fiber (t'.rr, <,f 2,210 lb )
45,932
45, 212
I'hil'PpiiK l-i nwK
720
3,267
:\T (a (1.00C >b )
..
.
........
2,381
A l a I . i f i , M ii
563
150
Bt 17ll. .
.
.
.
.
. . . . . .
53
Other So ith U l r i c a . .
81
C.n.vla . .
J
99, 309
N ' . k d r p e s biis, etc (1,0001b.).
(Vn ida
97, 784
1,291
\.OIV
i\ . .
.
. .
100. 0 24, 914
98.5 24,458
370
1.3
36.1
11.8
9.5
1.4
9.9
3.3
12.0
17.3
27, 724 100.0
26, 637 96.1
3.9
1,073
4, 728 100. 0
4,217 89.2
5.9
279
143
3.0
46
1.0
10
28
.6
59, 266 100. 0 14, 796
59,159 99.8 14, 760
30
108
v^uari7 uA-st lo (Bi \7 l u n pebble)
(l.OOiiib)
Bn,il
Cmch.)V\ bir-s '1.000 lb )
\ e t h t r l TH> , I n d i t i
••Miuth a T id ( onfril America
67 100.0
67 100.0
2, 030 100. 0
1, 984 97.7
1.9
39
139
139
857
851
4
37 100. 0
37 100.0
971 100.0
867 89.3
104 10. 7
381
370
11
f^iiinine MilphaU ird other alkaloid,, <-ah~. etc * 1,000 oz )
Vtheil <nd *
2,585 100. 0
2, 424 93.8
1, 383
1, 294
1, 895 100.0
63.0
1,194
700 36. 9
' 663
352
143
5.5
266 100. 0
43 16.2
198 74. 4
26
9.8
78
337
61
246
30
13 100.0
10 76.9
3 23.1
\etiieii indi
' > e r n UTy
li> ' • ( ->
\lonur\ n,000U»K.
-
^Pain
It t l \
Itih _
.
Tin in bars, blocks, etc. (1,0001b.)..
British Malava
Netherlands Indies. _._
China and Hong Kong
United Kingdom
Belgian Congo
Tin ore (tons of 2,240 lb.?)
Bolivia
Chile
Other Latin America
Tungsten ore and concentrates (for
consumption) (1,0001b.8)
China
British Malaya .
_
British India and B u r m a
Thailand
Australia.
South America
....
1
5, 862 11. 4
1,141
2.2
157, 029 100. 0
104, 799 66.7
7.6
11,907
9, 678
6.2
23,963 15.3
224
.1
500 100.0
20
4.0
279 55.8
201 40.2
11,711
2,163
70, 591
47,139
5,443
4, 015
10, 856
123
1,485 100.0
900 60.6
8.4
124
.9
13
998
587
113
9
"57
389
3.8
26.2
418
25
203
190
42
244
91
91
18
\ )
2,007 12.7 5, 304
9.6 3,527
1, 524
119, 084 100. 0 52, 099
101, 456 85. 2 44, 381
4, 575
3.8 2, 063
4.4 2,107
5, 205
4.5 2, 349
5,371
1.7
2,017
1, 026
1, 242 100.0 1, 058
941
1,123 90.4
111
8.9
110
2,695 100.0
1,103 40.9
4.4
119
4.2
114
2.4
66
339 12.6
932 34.6
2,189
935
123
88
36
284
702
3
Antimony content.
Manganese content.
4
25 Tons of 2,240 pounds, chromic oxide content.
Less than $500.
Some
nickel
ore
and
nickel
oxide
are
also
imported
from
Canada.
6
Latex
and
guayule
are
not
included.
7
Tin
content.
8
Tungsten content. Figures do not include ores imported for refining and export.
12
SURVEY OF CURRENT BUSINESS
crystal (Brazilian pebble) from Brazil. Imports of all
three have been maintained or increased during 1940
as compared with 1939. A large quantity of antimony
has recently been purchased from China.
Chromite used in making steel alloys, chemicals, and
refractory materials, was imported chiefly from British
South Africa and the Philippine Islands in 1939, with
smaller amounts coming from Cuba, French Oceania,
Turkey, India, Greece, and British West Africa. The
loss of supplies from Greece and Turkey would have
affected less than 10 percent of total imports in 1939
and 13 percent in the first 6 months of 1940. Sources in
Latin America supplied only 16 percent of the total in
1939 and only 9 percent during the first half of 1940.
Receipts of chromite during the 6 months ended with
June 1940 considerably exceeded those during the
whole of 1939. Industrial stocks are high and have
20
TUNGSTEN
CHROMITE
MANGANESE
MERCURY
ANTIMONY
QUARTZ
CRYSTAL
NICKEL
I CANADA
LATfN AMERICA
^ ^ \ EUROPE
EUROPE
f T M OTHER
***<"«*
Figure 9.—Imports of Strategic Materials, by Continents, First Half of
1940 (U. S. Department of Commerce, Bureau of Foreign and Domestic
Commerce).
increased since the beginning of 1940. Domestic
production is negligible.
Manganese ores of specific grades are essential in the
manufacture of steel and for dry batteries. In 1939
the Gold Coast supplied 39 percent of total imports
(ferrograde and battery grade), the U. S. S. R. 22 percent (through Black Sea ports), Cuba 17 percent,
British India 15 percent, and Brazil 6 percent. During
the first 6 months of 1940, the U. S. S. R. was the
leading supplier with 36 percent of the total, followed
by the Gold Coast with 17 percent, Cuba and the Union
of South Africa with 12 percent each, and British India
and
Brazil with 10 percent each. Small amounts came
December 1940
from the Philippine Islands, Chile, and the Netherlands
Indies. Cuba, where production is being stepped up,
and other sources in this hemisphere provided during
this recent period approximately one-fourth of aggregate imports. Total imports of manganese ore, including battery grade, amounted to 593,000,000 pounds as
compared with 703,000,000 pounds during 1939. At
the 1940 level, imports of manganese ore are sufficient
for capacity steel output, and industrial stocks approximate almost 2 years' supply at current rates of consumption.
The most important single source of imported tungsten ore and concentrates is China, from which large
deliveries have been arranged in connection with an
extension of credit by the Export-Import Bank. In
the first half of 1940, however, Bolivia and other South
American countries supplied nearly as much as China,
and other substantial quantities came from Australia,
British Malaya, British India, and Thailand. There
are no suppliers among countries in the European war
zone. Receipts from South American countries alone
in 1940 will exceed total imports from all countries in
1939, and total receipts in 1940 will be several times as
large as in the preceding year. Half of current domestic requirements for making high speed tool steel,
for hard-facing valve parts and tool bits, and for other
uses are met by domestic production. Most of the
remainder could be obtained from Bolivia if supplies
from China were no longer available.
The United States is largely dependent for its tin
upon the Far East and predominantly upon British
Malaya, which supplied 67 percent of imports directly
in 1939 and 85 percent in the first 6 months of 1940
(plus additional amounts indirectly). Other sources
include the Netherlands Indies, China, and Belgian
Congo. Total imports of tin have increased notably
during 1940 and will exceed receipts during 1939 by a
wide margin. Arrivals of tin in the United States in
September were the highest of record. Industrial
stocks are considerably above normal.
As in the case of tin, rubber imports come principally from Southeastern Asia. British Malaya and
the Netherlands Indies together supply about 85
percent of the total, with the remaining 15 percent
coming from Ceylon, French Indo-China, Thailand,
Sarawak, British India and Burma, South and Central
America, and Liberia. Sources in Latin America, to
which the rubber tree is indigenous, have supplied only
1 percent of total imports in recent periods. Arrivals
of crude rubber reached record levels during the third
quarter of 1940 and for the year as a whole will probably
exceed receipts in 1939 by roughly 50 percent. The
increase is attributable in small part to imports under
the terms of the cotton-rubber barter deal with the
United Kingdom, which calls for the delivery in all of
86,000 long tons to be held as an emergency reserve.
Other agreements entered into by the United States
December 1940
Government and rubber manufacturers, on the one
hand, and the International Rubber Regulation Committee, on the other, provide for the purchase of an
additional 150,000 tons for reserve stocks in 1940 and of
180,000 tons in 1941. At the end of October, Government-held stocks in the United States were 57,000 long
tons, and private stocks were 202,000 tons. Total
imports during 1939 including latex and guayule were
approximately 500,000 tons and during the first 10
months of 1940 approximately 650,000 tons. Domestic
requirements for the current year have been placed at
something over 600,000 tons.
Four other commodities designated as strategic are
chiefly of Asiatic origin. Japan provides four-fifths of
United States imports of raw silk. The only other
important sources are China and Italy, and imports
from Italy have been cut off since June. Manila fiber
comes almost entirely from the Philippine Islands.
Cinchona bark, from which quinine is derived, is
imported almost exclusively from the Netherlands
Indies, although some of inferior quality is obtained in
Central and South America. Quinine sulphate and
other alkaloids and quinine salts, formerly purchased
from the Netherlands, are now imported from the
Netherlands Indies, British India is the only important source of films and splittings of mica used in conductors, spark plugs, radio tubes, armatures, and
transformers, although supplies of unmanufactured
mica are available from Madagascar, Brazil and other
South American countries, and Canada. With the
exception of raw silk, which has been purchased in
steadily decreasing quantities during the past decade,
imports of these commodities have been maintained or
increased during 1940 from the levels of the preceding
year. Imports of mica approximately tripled.
General Pattern of Import Rise During First Year of War.
It is a fact of utmost importance that 85 percent of
imports of strategic materials by value originates in
eastern Asia. Ten percent comes from countries in this
hemisphere. The rise in United States imports during
the first year of the war, which was the result largely of
increased purchases of crude materials and semimanufactures from Asia and Latin America, cannot be related especially to these circumstances, however, or to
larger importations of strategic materials as a part of
defense policy. For, since Asia and Latin America are
the major sources of imported crude materials and semimanufactures (including strategic items) and since these
two categories constitute the more elastic elements in
import trade, fluctuations in the trade are always concentrated to a considerable degree in imports of raw and
partly processed commodities from the two areas. During the 12 months ended August 1940, imports into
the United States for consumption were valued at
$2,529,000,000 or at $418,000,000 more than during
the preceding 12 months. Practically the whole of this
13
SURVEY OF CURRENT BUSINESS
difference was accounted for by increased receipts of
crude materials and semimanufactures from Asiatic and
Latin American countries. The rise in imports from
Canada, Africa, and Oceania, wliich also resulted primarily from larger purchases by the United States of
articles for further processing, was approximately offset
by reduced imports from Europe of finished manufactures and semimanufactures. Total imports of finished
manufactures decreased somewhat in value during the
first 3^ear of the war as compared with the preceding
year, whereas imports of crude and manufactured foodstuffs increased moderately.
Table 2.—Imports Into the United States for Consumption,
Economic Classes by Continents, 12 Months Ended August
1939 and 1940
[In millions of dollars]
FinSemi- ished
manu- manufacfactures
tures
Total
Crude
materials
Crude
foodstuffs
Manufactured
foodstuffs i
2,110. 7
656.4
281.4
295.3
438.7
438.9
302.5
206.8
278.5
623.3
609.9
24.2
65.6
36.5
35.4
99.3
93.0
332.5
20.1
39.5
32.5
65.1
127.1
6.8
33.6
.1
16.2
23.5
70.8
13.7
107.4
75. 9
2.4
1.5
85.0
28.2
35.5
192. 9
89.4
6*. 9
124.9
7.2
2.8
223.2
78.6
.8
1.4
SEPTEMBER 1939-AUGUST 1940
Imports, total
2,528.7
937.4
293.7
313.1
557. 5
427.2
Northern North America
Southern North America
South America
Europe
Asia
Oceania
Africa
52.0
43.9
146. 3
88.9
517.0
24.0
65.2
34.3
67.6
129.2
7.1
34.9
.4
20.1
26.5
103.1
14.6
91.3
73.8
2.6
1.3
133. 4
33.1
62.1
143.7
lf)6. 9
1. 1
153. 0
9.6
3.9
159.9
98.5
.8
1.5
Continent
SEPTEMBER 1938-AUGUST 1939
Imports ,total
Northern North AmericaSouthern North America..
South America
Europe
___
Asia
Oceania
Africa
399.2
257.3
356.1
490.8
891.2
28.8
105.3
17.2
i Includes beverages.
The increase in imports from individual countries
during the 12 months from September 1939 to August
1940 over the corresponding period of 1938-39 was
striking in many instances, as may be seen in table 3.
MILLION DOLLARS
10001
kASIA
800
LATIN AMERICA
H I EUROPE
nrm OCEAN/A * •> AFRICA
600
400
200
1938- 19391939 1940
CRUDE
MATERIALS
1938- 19391939 1940
1938- 19391939 194-0
1938- 19391939 1940
SEMIMANUFACTURES
FINISHED
MANUFACTURES
CRUDE
FOODSTUFFS
1938- 19391939 1940
MANUFACTURED
FOODSTUFFS
Figure 10.—Value of Imports Into the United States for Consumption, By
Economic Classes and Continents, 12 Months Ended August 1939 and
1940 (U. S. Department of Commerce, Bureau of Foreign and Domestic
Commerce).
NOTE.—Manufactured foodstuifs include beverages.
14
SURVEY OF CURRENT BUSINESS
Table 3.—United States Imports, by Continents and Selected
Countries, 12 Months Ended August 1937, 1939, and 1940
Millions of dollars
Percent distribution
12 m o n t h s ended A u g u s t -
Continent and country
1937
1939
1940
1937 i 1930 1940
_j
General imports, total_
1940
from
1939
I
3,064. 3 2,132.1 2,625. 3 100.01 100.0 100. O! + 2 3 . 1
857.4
438.0
705.4
906.4
67. 41
623.4
306.6
499.9
612.3
23 7
66^2
517.
413. 6
649.4
906.7
28.2
109.6
Principal British countries, total- 1, 018. 5
United Kingdom
222. 5
Canada
430. 2
British India, including Burma92.8
British Malaya
__._
217.7
Australia
_.___
43.4
Union of South Africa _
11.9
660. 6
144.2
298.6
63.9
118.6
13.0
22.3
Europe
Northern North America--.Latin America
,.
Asia
Oceania
_.„..-.
Africa
...
Continental Europe and Mediterranean area, total
Belgium
Denmark
___„_
Finland
. —
France
Germany, Austria, Czechoslovakia and Poland
__.
Italy
—
Netherlands
Norway
Portugal
_.
Spain.. _.
-.__-_.__„Sweden
........
Switzerland
Union of Soviet Socialist Republics
Other continental and Mediterranean countries J
2.9\
29.2
14.4
23.4
28.7
1.1
3.1
19.7 - 1 6 . 9
15. S| + 3 4 . 9
24.7| + 2 9 . 9
34. 51 + 4 8 . 1
1.1! + 1 8 . 9
4.2| + 6 5 . 6
959. 8i 33.2
7.31
166. 5
401.6 14.0
95.2
3.0
233. 2
7.1
18.8
1.4
44.4
.4
31.0
6.8
14.0!
3.0j
5.6|
.6!
1.0
36.61 + 4 5 . 3
6.3 +15.1
15. 3 +34. 5
3.6 +49.0
8.9 + 9 6 . 6
.7j + 4 4 . 7
1.7! + 9 9 . 1
28.01
14.3;
23.01
29. 61
669. 9 513.0 3S6.7 21.9
57.
47.0! 2.5!
78.1
3
2. 3
. 2|
6.1
20.9
16. S
10.
.5
76. 3 i 66.01
50.9
2.5
|
14. 6
150.6|
95.1|
4.9!
39.7!
48. 7 i 38.3
1.6!
32.3
19. 3| 1.91
57. 9
19.4
16.5|
26.0
.8
9.0!
9.4'
5.4
13. 31
17.1
8.4j
34.3!
55. 5
41.6!
29.1
25. 5
29. 2|
• 8;
8i
25.71 25.1
23.8
71.8! 65.6
72.9
284. 2i 216.8 268. 4
150.71 95.5 116. 2
59.4
50. 75.3
S o u t h America, total..._..__
Argentina
._-.__
Brazil
_._.
Chile
C olombia
......
Venezuela
_.__
421.2 283.1
144.8
54.2
120. 6 100.6
44.0
28.0
41
49.7
24. 6i 21.6
Table 4.—United States Imports for Consumption, by Principal Commodities and Groups of Commodities, 12 Months
Ended August 1937, 1939, and 1940
381.0
79.2
108.0
62.2
51.4
32.8
3.11
4.5
1.8
•I
.4!
2.0;
1.41
i
1. 21
2.3
9.3
4.9 1
1
13. 7i
4.7;
3.9;
1.4!
1.61
Commodity and commodity
group
j
10.2
4,5
2.4
10.2 + 2 3 . 8
4.4; + 2 1 . 7
2.9^ + 4 8 . 9
13.3|
2. o!
4.7;
1.3!
14.5' + 3 4 . 6
3.0! + 4 6 . 2
4.ll + 7 . 4
2. 4;+122. 7
2. 0| + 8 . 8
1.2S + 5 2 . 0
1.0!
58.0
112.5
207. 5> 132.9
103. 91 80. 3
90. ll
I
96.7
171.1
138.8!
88. 7 i
3.7:
6.8 !
3.4i
3.8!
6.2
3.8!
4. 2|
Percent
change
12 m o n t h s ended August—
I
Total imports for consumption
1939
j
1940 | 1937 | 1939 1940
from
2,110. 7 2, 528.71 100.01 100. Oi 100. 0i +19.1
Animals and animal products,
edible
.
Meat products
.
Fish
.....
110.8
36.9
34.0
Animals and animal products,
inedible
____
Hides and skins
Furs and manufactures....
226. 7; 138. l! 167. lj
50.8
43.81
70.4'
71.7
93.9
49.4i
81.4! 3.7i
19.71 1.2!
32.0 1.11
93.9
30.01
30.3
4.4
1.4!
1.4i
I
3.21 - 1 3 . 3
.8| -34.5
1.31 + 5 . 6
7. 5;
6. 5
6. 61 + 2 1 . 0
2.3i 2. li
2.0j + 1 5 . 9
3 . 1 ! 2.3! 2.8! + 4 5 . 1
.9 - 5 . 4
2.8! + 1 1 . 1
29. 6! 28. :
612.3
.6 - 8 4 . 7
1. 5j + 3 . 6
.7| - 4 0 . 2
.6! - 1 5 . 1
.31 + 6 7 . 1
.51 + 5 8 . 4
1.3 - 1 7 . 5
1.1 - . 5
Percent distribu-
Millions of dollars
14.7| - 2 4 . 6
1.8 - 1 8 . 6
.1 - 3 8 . 5
.4 - 4 7 . 6
22 9
1.9
34.5] + 4 8 . 1
3.7
6.5 !
5.3!
3. 4!
+06.8
+28.7
+72.9
-1.7
1
Includes Azores, Bulgaria, Gibraltar, Greece, H u n g a r y , Malta, R u m a n i a , Albania,
Yugoslavia, Palestine, Syria, T u r k e y , E g y p t , Algeria, Tunisia, a n d Morocco.
Imports from British Malaya and the Union of South
Africa approximately doubled in value; from India and
Australia increased by nearly half; and from Canada,
the most important single source of United States
imports, by more than a third. Receipts from Argentina, Mexico, Venezuela, and Chile and from China and
the Netherlands Indies all increased by at least twice
as much relatively as total imports and in the latter
three instances by several times as much—partly,
however, as a result of direct shipment to the United
States of goods formerly shipped through some other
country. Imports from a number of these countries
were larger during the first year of the European war
than in the 12 months ended August 1937, during
which import trade was at its peak for recent years.
Imports from Japan, Brazil, and Cuba increased during
the war period as compared with the corresponding
period of 1938-39 but were below the levels of 1936-37;
while receipts from the Philippine Islands decreased as
compared with both earlier periods and those from
Colombia showed little change. As noted below,
imports from European countries were reduced in
nearly all instances.
A number of major import commodities other than
strategic materials were imported in significantly
higher values during the first year of the war, as
shown in table 4. Among these were copper (chiefly
for refining and export), wool and mohair, jute burlaps, petroleum and products, and vegetable oils.
1937
Southern N o r t h America, t o t a l . . .
Cuba
Mexico
._„_-----
Asia, total
China, including Hong Kong
and Kwantung__._
.
Japan
Netherlands Indies_ _ __.
Philippine Islands
Percent
change
December 1940
Vegetable food products a n d
beverages
Grains a n d preparations
__i
Vegetables and p r e p a r a t i o n s . . . |
Fruits and n u t s
Vegetable oils, edible..
Cocoa or cacao beans . . . .
Coffee.......
Tea
.
...
Cane sugar:
F r o m Philippine I s l a n d s . . . . .
From foreign countries
Distilled spirits a n d w i n e s . . . . .
788. 0 482.7
138.1
12. 2
25.4
17! 1
67. 3
56. 5
31.9
12.8
55.6
24.3
149. 41 137.5
20.7
20.
61.3
106.3
74.4
525.1
14.2
18.8
59.4
9.2
29.9!
137.6
22.61
49 51
41.9 2.0
3.5
61. 6|
88. 7
2.5
56 4 60.0
Vegetable products, inedible
j
Crude rubber
„.___._.___!
Oilseeds
Expressed oils and fats
Tobacco, u n m a n u f a c t u r e d . . . _ -
450. 8 318. 2 459. 5
265.1
220. 21 151.
35 6 35.0
61. oj
38. 9 54.1
75.81
36.0 36.9|
32.3!
Textile fibers and manufactures. _
Cotton manufactures, including yarns
J u t e burlaps
Flax, h e m p , a n d ramie m a n u factures
H a r d vegetable fibers i . . .
Wool a n d mohair, u n m a n u factured
Wool manufactures, including
yarns
._
R a w silk
497.3!
Wood a n d paper
Pawmill p r o d u c t s .
Wood pulp
Newsprint
Nonmetallic minerals
Petroleum and products
Diamonds
Metals and manufactures
Ferro-alloys
Nonferrous m e t a l s . . .
Copper, including ores and
manufactures 2
Nickel
Tin, bars, blocks, pigs, e t c . . .
26.2! 22. 9; 20. 8i
4.6j
.6!
.6!
.81
.71
.8!
2.4
2. 2!
Ll
.4
!
1.9
1.2|
1.2
5.0
5.4
6.5
.9;
1.0!
2.3|
2. 9|
+8. 8
+16.3
+10.1
+5.3
-28.2
+22.9
+.1
+12.2
I.71 - 1 5 . 3
3.5| + 4 4 . 0
2.41 -+-6.5
18.2]
10.5!
1.4!
2.1 1
1. 5
+44.4
+74.7
—1.7
+39.0
+2. 7
15.0
15.1
2.0
2.5
1.1
1.7
1.8|
1.7!
316. l|
407. oi 16.5
15. 0;
16. l + 2 8 . 8
59. 3!
40.6^
38.11
27.51
34. Si 2.0
40.4' 1.3
1.8!
1.3!
1.4 -8.6
1.6; +46.8
33.1
32.9!
21.8
14.5
21. Oj
.8: - 3 . 9
.9; +53.5
1.1
1.1
3.4
72.9!
1.9!
103.3;
41.0!
34.4
116.3.
23.3 25.1 1
95. 4; 133. 2
292.8^
20.3;
94.9:
114. 2|
!
155.4;
44. 41
47. 81
!
260. 3
26.4
187. 2
244. 0: 277.6
22.9!
17.2!
76.2|
71.6;
109.4] 127.6!
9.7i 11.6! 11.0 + 1 3 . 8
.7i
. 8 ! .9! + 3 3 . 3
3.2! 3.4! 3.0! + 6 . 4
3.8! 5.2i 5.0! + 1 6 . 6
129. 3! 154.1
59.1!
41.9!
47. 4
41.0
5.2
1.5:
1.6;
191.1! 295. 6|
35.6
17.4
142. 2; 233. 4
8.7! 9.1
.9!
.8
6.2|
6.7!
11.7 + 5 4 . 6
1. 4 +104. 8
9.2 + 6 4 . 1
1.5! 1.9;
. 8 | 1.0!
3.1! 2 - 7 |
2.4: +55.7
1.5; +80.3
4.2j +85.6
44.5!
25.5;
92.3!
39.6;
21. 5!
|
38.7!
104.9!
1. ll
3.9J
1.1
4.5;
1.0
5.3
+7.8
4-39.7
6.1 6.1! + 1 9 . 2
2. Oi 2.3 + 4 0 . 9
1.9| 1.9; + 1 5 . 6
.8;
.4! - 3 1 . 7
Machinery and vehicles
23.2
16 2
1 1 . 1 ' .8!
Chemicals a n d related products..
Coal-tar p r o d u c t s .
Industrial chemicals
Fertilizers and materials
...
98.8
17.8
27.1,
43.0
83.3
19.1
18.0
36.8
69.6! 3.3 3.9 2.8 - 1 6 . 5
12.9 . 6
.9
.5 -32.2
15.0! . 9 : . 9
.6 -17.0
31.6! 1.4! 1.7; 1.2 - 1 4 . 1
Miscellaneous articles
Clocks, watches, a n d mechanisms
Art works
101.6!
97.9!
80.6! 3.4]
9.8;
26.7!
9.4
20.5
12.9
15.1!
4.6!
.3;
.9! 1.0|
1 Includes sisal, manila, kapok, New Zealand fiber, crin vegetal, etc
Chiefly unrefined copper for refining and export.
2
3.2! - 1 7 . 6
.5! +36.8
.6 ! - 2 6 . 5
December 1940
SURVEY OF CURRENT BUSINESS
Effect of Purchases for Reserve Stocks on Import Trade.
The trend of import trade for the near term cannot
be dissociated from the projected accumulation of
reserves of strategic materials under the defense program. The rubber agreements mentioned above will
result by the end of 1941 in imports for Governmentheld stocks of 416,000 tons (worth about $165,000,000
at prevailing prices) over and above current requirements to be financed through the Rubber Reserve Company, a subsidiary of the Reconstruction Finance
Corporation. Anticipated additions to private stocks
will increase total domestic reserves and therefore supplementary imports to the equivalent of more than a
year's supply before the end of 1941. Another subsidiary of the Reconstruction Finance Corporation, the
Metals Reserve Company, will finance imports for
reserve stocks of tin (75,000 tons within one year),
manganese ore (1,000,000 tons in 3 years), chromite,
tungsten, and antimony. Within the next 2 years,
these organizations and the Procurement Division of
the Treasury are expected to disburse $700,000,000 for
these purposes, or at approximately twice the rate of
purchases of the five commodities in 1940. At the
same time, trade inventories are being built up against
prospective increased requirements. The availability
of substitutes will affect imports of a number of strategic
materials, although probably to a relatively small
degree so long as trade routes to the Far East remain
open. Present plans call for increasing domestic
capacity for producing synthetic rubber to 100,000
tons, about one-sixth of current consumption.
Trade With Latin America,
With a few unimportant exceptions, the possible
expansion of import trade with Latin America, upon
which the immediate future of United States export
trade with that area in part depends, hinges upon purchases of commodities other than strategic materials.
The increase in imports of Latin American products
during the first year of the war over the preceding
year, amounting to approximately $150,000,000, was
accounted for to a considerable extent by larger purchases of wool and hides and skins from Argentina, of
carnauba wax and hides and skins from Brazil, of copper
(for refining and export) and sodium nitrate from Chile,
of coffee from Colombia, of petroleum from Venezuela,
and of petroleum and sisal and henequen from Mexico.
A further increase in purchases of the varied list of
products of Latin American origin would seem to depend only secondarily upon the defense program in
general or the procurement of strategic materials in
particular, although all possibilities in this direction are
being intensively explored. In the case of copper and
petroleum brought in for refining and export, the trend
of export demand is the determining factor. The recently concluded agreement upon coffee quotas between
the United States and producing countries should have
the effect of stabilizing the trade and of maintaining
15
prices but not of increasing the total value of imports.
At the present time, vigorous efforts are being made,
with Government support, to enlarge the consumption
in the United States of commodities ordinarily imported
from Latin America, to develop markets for other Latin
American export commodities not ordinarily sold to
this country, and to locate sources of supply of products,
such as handmade articles, which are no longer obtainable from Europe.
Trade With Europe.
The application of blockade measures to exports
from Germany, from the German-occupied areas, and
from Italy (after June), coupled with difficulties of
supply and transport in all of the European belligerent
countries, was largely responsible for the decline in
United States imports from Europe since the outbreak
of the war. Receipts from the United Kingdom were,
by virtue of vigorous policies in aid of British export
trade, maintained and even increased during the period
as a whole; but shipments from practically all continental and Mediterranean countries, with the outstanding exceptions of Spain and Portugal, decreased.
The partial or complete rupture of import trade with
continental and Mediterranean countries is especially
damaging to the luxury trades, for few essential materials were secured in Europe that are not available in
large quantities from other sources. Shipments of
chromite from Greece and Turkey, amounting to 13
percent of total imports of chromite during the first half
of 1940, and of manganese from the U. S. S. R., amounting to 34 percent of total imports of manganese during
the same period, are the only strategic items involved.
The list of finished manufactures which cannot be imported from Europe under existing conditions is a long
one. It includes cotton textiles from Belgium, France,
and Italy; linens from Belgium and Czechoslovakia;
rayon yarns from France and Italy; cotton and silk
laces and embroideries from France; leather manufactures from France, Czechoslovakia, and Belgium; glass
and glass products from Germany, Belgium, and
Czechoslovakia; china and porcelain ware from Germany; precious stones and imitations from Belgium,
Netherlands, Germany, France, and Czechoslovakia;
gloves from France, Czechoslovakia, and Belgium;
cigarette paper and perfumeries from France; cameras,
scientific and professional instruments, musical instruments, and Christmas tree ornaments from Germany;
and beads and beaded articles from Czechoslovakia.
Shipments from Switzerland, interrupted in June, were
resumed in September by permission of the belligerents.
The losses in import trade with Europe are being repaired to some extent from other foreign sources open
to American trade and to some extent also from domestic sources. In a few instances European artisans have
migrated to this country in order to continue their pursuits, but the transplantation of industries and of skills
has been on a small scale.
16
SURVEY OF CURRENT BUSINESS
December 1940
NEW OR REVISED SERIES
Table 53.—DEPARTMENT STORE SALES—ATLANTA FEDERAL RESERVE DISTRICT l
[1935-39 = 100]
1919
1920
1921
1922
1923
1924
1925
1926 | 1927
1928 j 1929 ! 1930
1931
1932 1933
Month
Without adjustment for seasonal variations
January
February...
March
April
May
June
July
August
September.
October
November..
December..
Annual index.
104
115
138
192
103
97
120
130
134
122
100
99
117
150
149
193
99
99
117
105
111
101
80
77
91
127
118
163
81
83
86
108
99
93
75
75
94
121
123
177
86
89
107
111
110
111
85
84
108
136
134
185
91
96
99
113
110
104
77
78
104
126
128
182
89
96
104
115
114
103
82
81
96
144
139
198
105
126
107
101
112
109
114
98
104
110
117
126
111
85
88
102
137
141
139
97
105
105
121
119
109
87
91
111
141
136
211
97 ;
104
117
117
121
108
88
91
117
131
137
207
96
104
125
114
115
106
84
91
116
128
128
195
83
98
101
113
106
93
71
81
96
117
111
163
74
79
93
98
97
83
64
69
76
94
87
130
58
62
67
68
65
55
44
47
64
71
64
95
45
49
47
60
61
51
45
57
62
74
71
117
55
64
80
76
77
68
55
64
87
88
90
141
60
69
82
85
82
73
61
72
90
98
101
155
66
79
88
91
96
86
71
85
105
113
112
174
78
88
108
96
107
90
72
90
114
118
109
175
79
90
94
100
98
84
71
88
110
116
115
185
118
120
119
117
103
87
64
61
78
85
97
104
103
59
57
48
58
61
58
64
69
61
65
64
69
72
75
76
80
77
78
78
77
84
78
81
83
79
80
87
81
83
85
87
86
85
87
91
90
87
92
90
91
97
100
102
101
99
101
102
101
102
102
103
102
108
105
103
106
106
106
99
102
103
105
99
98
99
98
103
102
101
104
105
107
83
92
105
107
106
95
118
118
125
206
1
With adjustment for seasonal variations
January
February..
March
April
May
June
July
August
September
October. _.
November.
December,
90
104
110
89
99
101
109
1 110
114
95
115
120
124
120
125
126
135
128
130
136
128
125
124
120
120
120
120
104
111
107
105
105
100
106
99
100
98
100
96
100
99
98
100
103
1C3
101
103
108
104
106
109
112
110
118
114
115
118
114
114
1.12
111
112
111
105
110
111
104
106
114
106
109
109
108
112
111
111
113
111
112
110
105
122
120
118
120
120
112
118
124
121
117
118
111
117
122
118
120
121
113
115
117
119
120
120
121
121
119
124
121
119
119
117
116
120
122
118
126
113
121
121
121
118
122
118
113
118
117
118
123
111
113
114
105
112
108
107
104
104
99
103
100
102
99
96
94
91
91
100
95
94
90
87
78
83
78
77
75
72
65
72
64
62
61
59
64
63
57
56
108
107
107
109
107
112
112
112
109
110
114
lli<
1
Revised series compiled by the Federal Reserve Bank of Atlanta based on daily average dollar sales of a sample group of stores, predominantly department stores. In
1919, the sample comprised 11 stores; thereafter, the number reporting varied from 32 in 1920 to 60 in 1934 (46 reported in 1939). The new index beginning 1929 is constructed
by the chain method, which permits the use of a larger proportion of reported data than was used in the former index computed by the "fixed-base" method, and the base
has been shifted from an average of the years 1923-25 to an average of 1935-39. Separate indexes were computed for each of the 5 major cities in the District; the remaining
data were grouped by States and 6 separate State indexes constructed. Each of the basic city and State indexes, also the final District index, was adjusted to the levels of retail
sales reported in the Census of Distribution for 1929,1933, and 1935. In constructing the District index, the city and State indexes were combined by the use of weights derived
from the 1935 Census of Distribution, whereas in the old index the sales of all the stores in the District were totaled without weighting. Census totals of retail sales rather than
department store sales were used in adjusting data to census levels and in computing weighting factors. For years prior to 1929, the old index on a 1923-25 base was linked
to the new series. New mpving seasonal factors and new Easter adjustment factors (fit to the District data rather than to the entire United States as previously) were computed for the entire series in constructing the adjusted indexes. For 1940 data, see p. 25 of this issue.
Table 54.—EXPORTS OF MOTOR FUEL l
[Thousands of barrels]
Month
1913
January
February...
March
April
May
June
July
August
September..
October
November. .
December..
Monthly average
984
844
1, 118
I, 116
1,304
1, 187
1, 113
1,336
1,091
897
1,135
1, 299
1919
1920
1921
1922
1823
728
769
1, 122
1,037
1,647
1,623
1,949
1,401
954
1, 561
966
1, 555
1,302
1,316
1,155
1,384
1,022
937
691
1,112
890
1,129
1,104
878
1, 194
911
1,299
1,417
1,354
1, 303
1,434
864
1,079
1,027
984
1,125
1,411
1, 616
1,679
1, 611
1, 750
1, 733
2,007
1,843 !
257
4,477
4,993
6, 705
8,473
9, 952 13,424 | 8,906
373
416
559
706
1928
1929
1930
1931
1932
1933
1934
1935
3,766
3, 374
3, 843
4,064
5, 729
4, 745
5,182
4,517
4,720
3, 976
1,f>4J
3, 70*
4,547
3, 798
4, 708
4, 528
5, 330
5, 798
6, 085
5, 659
4, 259
6,013
-l, 077
5, 366
4, 883
6,020
5,748
4,979
7,083
5, 605
6. 623
3,913
0. 191
3. "17
4, 733
3, 603
2, 844
4,018
4, 807
3, 167
4, 309
4, 112
3, 076
3,374
3, 72-5
3,311
2, 846
2, 924
3, 607
4, 424
3, 461
2. 214
2,278
2, 653
2, 2'8
2 ^S7
1 M">
2.4.13
1,741
2, 192
3,167
2,043
2, 449
3, 168
1,721
1,867
2, 660
2,897
1,536
1,871
1,851
2, 369
2,630
1, 761
1,900
1, 548
1,961
1, 803
1,866
2, 159
1, 572
1,861
1,187
2,414
1,371
2,099
2,991
2,841
2, 719
3,009
2, 323
3, 082
3, 060
! 3,
1. 2 W
43,948 j 52, 2Mi GO MM
.
1918
906
522
586
850
1,103
1, 269
535
734
492
759
1, 363
833
.
Total
1917
408
423
706
473
732
832
1,145
1,008
913
702
567
1927
.
1916
324
556
525
576
603
676
578
728
501
440
653
545
Monthly average.
January
February
March
April
May
June
July
August
September
October
November.
December
1915
140
284
323
551
543
430
654
250
542
559
395
321
176
323
350
549
449
320
377
392
495
508
Total
1914
j 3,602;
i, V
5 o >7
M.257
" <')•>
1, 145
643
534
656
622
755
583
705
827
1, 003
739
694
1,119 |
'\ "It)
3, f> >>
;
'
2,074
2,450
1, 933
2,730
2,332
2,775
2,082
2,468
1,748 ! 2,722
2,170
2,058
1,293 I 2,296
1,739 | 2,397
1926
2, 198
2.411
2,902
2, 498
2,348
2,661
2, 507
2, 797
2,181
2,444
2,831
3,048
15,311 j 12,921 13, 993 20,489 I 28, 430 30, 825
742 I 1,276 |
1$ U)7 :i Jds 27. S54
1925
1924
1,707 | 2, 369
2,569
1936
1937
1938
1939
2,460
1, 576
1, 606
2,376
2, 523
2, 268
2.248
2, 336
2,448
2, 350
2, 623
1, 955
2, 7S3
2, 572
2, 453
2, 558
3, 093
3,010
2, 706
3,647
4,337
3, 462
3, 238
2.411
2, 966
3, 671
3,462
4,272
4,278
3,921
4,023
4, 756
3, 381
4,307
3, 567
5, 355
3,319
2,741
4, 146
3, 433
4, 2S5
4, 298
3, 455
3, 901
4, 056
3,291
2,441
2, 987
1,077 1,166
1940
23,291 i 28,957 I 26,771 ! 36,209 I 47,958 ! 42, 353 j . . .
i '
2 <N"1 ! 2,321 ! 1,941
!
!
:
I
' I
2,413 ! 2,231 I 3,022 ! 3,996 i 3,529 |
1
Revised series. Compiled by the U. S, Department of Commerce, Bureau of Foreign and Domestic Commerce. Data include exports of refinery and natural gasoline,
other petroleum motor fuels, naphtha, solvents and other finished light products. Benzol is also included beginning July 1917 when this item was first reported in export
statistics. The present series differs from the series on gasoline exports previously shown in the Survey, in that the latter excluded natural gasoline beginning 1932 and also
did not include benzol.
Table
56.—PUBLIC ASSISTANCE—OBLIGATIONS INCURRED FOR OLD-AGE ASSISTANCE1
Table 55.—AVERAGE PRICE OF UNITED STATES
TREASURY BONDS *
[Dollars per $100 bond]
Month
[Thousands of dollars]
I 1931 1932 ! 1933 I 1934 1935 1936 ! 1937 j 1938 I 1939 j 1940
Month
January _
February
March..*.
April
May
June
July...
August.
September
October
November
December
17
SURVEY OF CURRENT BUSINESS
December 1940
_.
94. 4
93.2
93.6
93.7
94. 91
95. 21
95.0:
94.6!
93.81
89.4
89.4
86. I1
Monthly average . _
82.6!
84. 2j
86. 2|
88. 81
87. 91
87.9!
90. Oi
9 1 . oi
91. 81
91.71
91. 5J
92. 6'
94.2!
93. l!
91.8
91.8
93.21
94. 3!
94.41
94.31
94. 5
94.21
91. 31
90. 51
i.9 98. 3 99. 4 103 7 101.3 103 7,1110.
1.0 99. 5' 99. 7 103 S 101. 1 101.1 105
. 4, 99.7 100.5; 102.0 101. 4 105.1 106
i 100 I1100. 91 99.4 101.7 lOti 0 106.
i. 6 100. 4 101.2, 99 9 103 Pl()7 8 104.
. 1 100.4 101. 2 99.9 103 0 108 4 101.
'. 8 100. 5 101.3 100 4,103.1) 107.9 106.
99. 9 101.8 100 4|1O3. 1 1072 106.
0 99. 71102. 2 101.3 107
98. 7 102.0
9*. 7il01 7, 99. 9 103. 5 102. 0 108.
99. 0 102. 9' 100.5 103.3 103. 81 .
99. 0 103 1101.0 103 4 105 31
.Jamiar\
February
March
April
May
June
July
August
^epieinbei
October
November
92. 8 88. 9 93. 1 95. 4 99. 5 101. 3 100. 0 102. 5 105. '2
December
1933
1934
2,322
2,313
2, 249
2, 207
2,175
2,159
2, 131
2,107
2,098
2, 073
2, 098
2, 139
2.342 I
2,331 !
2,373 |
2,371
2,426 !
2,474 ;
2,553 |
2,672 ,
2,750 |
2,919 !
3,114 ,
3,919 '
32,244
Total
- Revised s e r i e s Compiled b> t h e Hoard of Goi't rnors of the Federal Hemrre System. The new index shows the approximate trend of prices of a representative bond
of unchanging coupon rate and maturity. It is derived from the average \ield of
all o u t s i a n d i m Treasury bond? due or callable after 12 years (the \ield series shown
current lv on p. 35 of the Surve.v) b \ calculating the price at which a bond having a
coupon of 2:i/1 percent and a term of 16 years would sell in order to return the average
vield. These are about the average term and coupon rate t\v,d have prevailed since
1936; higher coupon rates prevailed in earlier year-^. The index does not purport to
measure accuratelv the average level of actual market prices «.f bonds although, as
the result of selecting for the "representative bond" one with a coupon rate and
niatiirit> tvpical of recent >t:irs, at the present time it does measure this le\ el approximately. For the earlier years, the lex el of the price index does not conform to the
averacre of actual prices which reflected 1 he higher coupon rat es prevailing at that time,
but fluctuations in the index may be considered as typical of those m actual prices.
The discontinued series on bond prices which was a simple average of market prices
of ail Treasury bonds due or callable after 12 \ears, wa1- useful in showing the average
market prices of these bonds and changes over short periods that did not i n \ o l \ e
dilTerences in issues included bur was not suitable for lono-t ime comparisons. Bolide
removed from the a\erage as their term to (Mil date became 12 \ ears or less gem-ralh
had higher coupon rate? than new bonds added, and consequently sold at higher
prices; therefore, substitutions broke t tie contiimiu of 1 he scries and tended to lower
the a v e n g e price irrespective of market fluctuations. These substitulion^ caused
only negligible breaks in the yield series, from which the new price index is derived,
a,^ v ields on bonds added or old bonds dropped conformed clo>eiv to \L'1<N ni i^iic1iiu'ludc d in i he '»\ ( rage.
|
Monthly average
1936
1937
1938 I
4, 406
4, 626
4, 738
4, 920
5,109
5, 306
5, 541
5, 656
5, 817
6,002
6. 306
6, 539
7,018
7, 713
8, 273
9,247
9,902
10, 609
13,088
14, 947
16,288
18, 004
19, 363
20, 788
21 644
22 535
23, 602
24 361
24 753
24, 410
25 799
26, 577
27, 832
28, 607
29, 626
30, 695
31
31
31
32
32
32
32,
32,
33,
33,
33.
34,
5,414 ! 12,937
25,870
1939
186 i 35,006
403 1 35,120
782
35,188
072 j 35, 299
319 i 35,198
276 1 35, 797
826 1 36,184
915 i 36, 378
259 | 36, 511
625 ! 36, 335
981 •
36, 626
36, 828
740
64.966 155,239 310,4 42 392,383
2,687
2, 173
1935
32,699
130,1(50
35,872
1
Xew series. Compiled by the Federal Wcnrity Agency, Social tfecurifu Board and
relate? to old-age assistance in continental United States. Figures from January 1933
to January 1936 represent payments from State and local funds only; for subsequent
months, payments from Federal, State, and local funds for programs administered
under State plans approved b \ the Social Security Board and from State and local
funds for programs administered under State laws without Federal participation.
At the end of 1934, a State-wide old-age assistance program was in operation in only 10
States; b \ September 1938 all of the States were administering old-age assistance
under plans approved by the Social Security Board. The cost of administration, hospitalization, and burials is excluded throughout the series. Data prior to July 1937
represent money payments only; beginning with that month the cost of assistance in
kind is included. The co«t of medical care, which is a comparatively small item, is
also included f.-r Jul\ 1937 to Vusiu^t 1940. For 1940 data, see p. 30 of \\\\< l^ue.
Table 57.—FACTORY EMPLOYMENT AND PAY ROLLS
[Monthly average l',)2:>-25=--iOOi
"""
1939
It 0111
-
Januai'}
(
i.
lov
hi
M
( n ' , u n WiiMi (1.
. I in lev
\
1 r,,,
H
li
\
t
I >lll
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n ' rw.
>i <
. )'(
i
V
)
01
q u i p n u in
T\\ if
1
>li
'
1
•III
01
, 2uii
1 57
M
; ;7s
•t
i,
So
ly
») "
A
D
s'l 1
I 'i 5
s
93
0,
i OH "I
-In lie
1
!, "^'^
1
1-
Cr"
October
100
80
9" 7
(
5< i
}y\<
"be"
-
'"I
i
M011U1I}
at erage
2
7
JO',
UK. '
•, ""O'l •,
I'M
in.
1
1
0 i 2
'Ki'i
01
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01 i
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8
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o i . ,s
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<J
0
s7 1
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U) "1 !
sO
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';
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2 M/0
1
id j
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10i». 1>
< i t 1
1 |
0
(I
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*s8
477
i , •>
0,
(;
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7
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!
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; 1 1, 7
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1. t i » . 1
17
!.
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s7 ',
, I!1
<]•
u
1
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tl <
o, 1
1
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0
7
May
1
l")O<ls
<>1 t it ll
l i ' l n ' l ' l 1'
1' U i
Ot) t
sOO ". '
c u •ste,
.'M.<'\
1 iU->
0 ',
83
<>> 2
m ( •quipinc-H
1r 1
April
'J. l O i k
i ' . ' • . p o l l I t ! ' >n
1 > t u t
< MJUlpTlH
rl
t
M 7
V>
7<>
,7
(1
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<>1. J
n
7
07>. (<
s 7 (,
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'H 0
1 017 5
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70
01
1 107 •'
s ">
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"t. 1
>(.
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s,
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4
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l
1, ' , 1 0
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r.
p t . V olN <
i r e i i ' j ' i - f ( 1 f o r s e < w i n , i i \ . u l a t i o i H h v t l i ' J-iv ud < i Got m i n i s o> i\ e I'<>i<
rl L< \iuc
'su*f(m.
( \<
u i f ! i 1 * < > u i p l < l ( M i r v \ o f M i e a i r i r ( t l n d u - t r v i n , . ( i t \ \ 1 i n l i u u 111 o f L . i b o i ^ t i l l - r i i - > n A i u u . - i
i i n n ' i
- ) ( u p w j o n e r t h a v • b e e n i e W M d <u't o n i i T m l v .
t o r ! " H i d m ' , ^ v }>]< 2 5 2 V o f ; ! , ; > i ^ - u < .
"ii
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>7 ',)
M
S
7
7
1
,") ^
110 8
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l.ri
i
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;
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5
<r
i 7
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off.
A i i ' - i ^ f t ! j u i » ' \ < s h a v e ! » e n r« \ 1 ^ t ! b e d i n n r i L , l . . p , i
r>',M
n > e ' - . j r i . b i n o i l m < l e \ i(^>r i M i n d u s i r i " m ' 1 hf
Table 58.—ELECTRIC POWER PRODUCTION
f M
il'io
i> o f k ' l n \
l
mi
193?
19>3
1924
1925
1926
Montli
fiuui'-v
Yo)n 11 \rv
Marcli
April
M iv
lui.c
Julv
ViiL'd^t
Ottolxr
\ o v e n ber
DMeinbcr
1 ot il
:\n m h l y a v e r a g e .
1
19J7
TOT AI
3,800
3. 1I.4
3, f>8"
3,519
3. 53f
3,5d0
3 570
3, '>o0
3. (>90
3,64}
3.711
3. 528
3. 1 n,i
3 :>9
3
3, 795
3, 455
3, M0
'.»j
3. z5()
3, 240
3, 27(^
3, 413
3,371
3. "72
3 6 40
3.M3
3,810
3, 823
3.85]
4, On4
1,028
4,317
4, 3*7
4. 591
4,722
4, 29->
4, 698
4, 448
4, 626
4, 491
4,501
4, 630
5, 191
i. S3'>
4, 082
4, 728
4, 764
4, 5-5s
4, 600
4,721
4 , 49f.
4, 903
4, 805
4,93"
5 177
5,045
\519
5. 5'.2
>, 992
5, 3M;
5, 171
5, 224
5, 232
5.3K)
5, 455
5, 488
5, 942
5, 775
6,145
13, 334 i(;,8M. 47. 521 55. 555 58, 887 e5, 7->l
3, «>ll
1 For footnote see p . 18.
http://fraser.stlouisfed.org/
276642—40
3
Federal Reserve Bank of St. Louis
3. 407
3, in id
4, 630
4, 907
5, 479
i), 1 19
5 \j-i-i
(1,170
5, ^00
5, 839
5, 907
(>, 106
0, 216
6, 586
6.471
6. 804
73,689
(». 1 4 I
6,734
f>, 0->7
7 l.V.
(>,
7<if'
C, 73 \ 7. 133
6, 3M)
0, 53 i
f., 433
f\ 420
6, 639
6, 5"S
6, S89
0, 82?
7,130
!». 7 45
7, 00f
6. SM)
7,01*
7, 402
7,16*
7, M0
7,64 4
7, 7 9 }i
i' i
!
t o i u
i
19'>9 i !93(»
!
19**1
1932 | 1933 1 1934 | 1935
1936
1937
1938
1939
PRODUCTION
\ 12" s, "1 ^1 7, Si) 7,4S1 6 007
7 .JT 7 19^ 7.08s 6 / 4 0 0,215
:.^'»> ^,U42 7.800
7,235 i\ 132
7.7"il
7 . ^ 7 8 7 . 5 7 9 ' (>, 70(> (>, !27
7, K,<) 7 , 0 3 2
7, :>,:\
»>. 591 (), 054
7,»»10
1.956
b, 237
7. 9"'N
8, (,(M»
^ L3'i
*.«**«•
7, (> ( 7
7,7->"i
7. s ' i
7, 70s4
8,121
7 f»4"i
S.0.J1
7, 1171 6, . r i 0
7, h s 3 ' 6 , 4 9 1
7 , 5 1 1 (). 716
7, 49 fi 6 , 1 0 1
:,()S1 7 , 0 1 8
7, 207 u 8 9 5
7, nO'j
7,088
7,
7,
7,
7,
7,
7,
1*9
43t,
*»)0
2(Y7
419
1S4
7,415
7. 620 \ 286 9,115
7, Oh 7,42b S, 477
7,693
7,936 8,776
7. nil. 7, 743 8,765
7,'wO
7.947 8,051!
7, 464 i 7.798 9,010
7, 584 8. 201 9, 572|
7.713>' 8,490 9,7,1
7,194 8,131 9, (>27
;,sos s.7«y 10,05i
7,578i v>02 9, 073
8,021; 9,032 10, 108
10.195 9,711 IP • 1
1), 285 \ 782 9, M>
10,311 9, 5"0 10,571
9, 9i
9,947 o f o i 10,017 0, 17 1O,31(
10,143 9 271 10, ; 3 :
10, 118
0 05(
10, 706 10,21«. . 1 . 2 3 1
JO, 298
11, 12(
10,472 10,27') 11, SO
9, 891 0 o0 J 11.001
10, 123 10, **2 12,07-
79, 365 *...-!> 95,<)2') 9 1 , * ) ' > 9 0 , 7 2 0 , V2 3 7 7 84. 7 JO 90, 806J 0*, 161112,18l!l21,M7 Ub,<iSl 130, 33(
6.611
7.213
> , , ! - .
1 1
r
'
. 1
1
7. 5( »7i 8, 205
9, 348 10.153
0, 723 IP, 86
18
SURVEY OF CURRENT BUSINESS
December 1940
1
Table 58.—ELECTRIC POWER PRODUCTION —Continued
[Millions of kilowatt hours]
1920
1921
1922 I 1923
1924
1926 | 1927 ; 1928 I 1929 j 1930
1931 | 1932 ! 1933
1934 ! 1935
1936 ! 1937
1938 i 1939
PRODUCTION BY SOURCE
Month
Fuel
January
February
March
April
May
June
July
August
September
October
November
December
...
Total
2, 566
2,309
2,317
2,092
2,074
2,143
2 222
2^ 325
2, 305
2, 401
2,310
2, 3201
2,188i
1,970
2,050
1, 931
1,941
2,030
2,049
2, 216
2, 275
2,437
2,422
2,497
2,511]
2, 2451
2, 354!
2,108|
2, 176!
2, 2471
2,310|
2, 584!
2, 688!
2, 981 j
3, 038j
3, 188!
3, 135
2,856
3,008
2,689
2, 732
2,764
2,884
3, 096
3, 069
3,475
3, 336
3, 277 j
3,527
3,280
3,277
2,888
2, 846
2,849
3,013
3,221
3,311
3, 560
3,492
3,778
3, 876J
3, 259 j
3, 356
3,159
3,212!
3,398!
3,510!
3, 695
3, 887
4, 148
3,841!
4, 176!
4, 393 4, 524!
3, 900! 4,2911
4, 156 4, 387!
3, 8711 3,908!
3,926| 3,944'
3,963! 3, 906:
4,049 4,070,
4, 282, 4,473
4, 404| 4,488!
4, 543! 5,063!
4, 367i 4, 964 j
4, 482! 5, 150!
4,175
3,699
3, 892
3,466
3, 514
3,662
3, 934
4 077
4
4,
4
4
146
413
229
411
5,547|
4, 984j
4,842!
4, 594!
4, 600j
4,694
5,017
5,518
5, 588
5, 985
5, 605
5, 761
5, 725! 5,601
4, 9171 5, 006!
4,918 5, 248J
4,721 4,539
4,827 4, 504
4, 720 4,652
5,016 5,023
5,398 5,166
5. 517 5, 384
5, 9071 5,704
5, 502 5,265
5, 746 5,058
4, 4631
4. 042
4, 218
3,663
3, 627
3, 876
3,858
4,179
4, 316
4,351
4,087
4, 376
3,997
3,651
3,665
3, 373
3,604
4,209
4, 660
4,765
4,439
4,853
4,724
4, 738
5, 084!
4, 509 i
4, 442
4, 203!
4, 301 j
4,425
4,781
5, 246
5,182
5,975
5, 432!
5, 850|
4,677
4 765
4! 656
3,966
4, 477
4, 798
5,015
5? 246
4' 817
5,136
4, 665
4 875
5,882
5,682
5,115
4,878
5,164
5,885
6, 537
6,748
6,695
6,775
6,424
6,879
6, 327!
5, 7691
6, 395
5. 758)
5, 6231
6,337!
6, 986|
7, 372i
7,051
7,094
6,167
6,470
6,123!
5,196|
5, 548!
4,918!
5, 2611
5, 530!
5,888;
6, 402|
6,377!
6,868!
6, 760 i
6, 976|
6, 903
5,835
6,119
5.567
6,181
6, 748
7,183
7.706
8,002
8, 723
8, 456
8.891
27, 385| 26,006 30, 429j 36,3221 39,042! 43,518! 47, 617; 50,336; 53,169i 62,734! 62,914! 61,149 49,055| 50,678! 57,092i 59, 430J 72,665 77,348^ 71,847! 86,314
Monthly average
2,282!
2, 1671
2,536:
3,027
3,254;
3,626:
3,968!
4,195;
i
4,43i;
I
5,228
l
I
5,096|
4,088|
4,223;
4,7581
4,952!
6,0551
6.4461
5,987;
7,193
2, 2651 3,017
2, 082! 2, 898!
2, 552! 3, 017!
3,040' 3, 043!
3, 049! 2, 964!
2, 795 2, 634!
2, 660 2,639
2, 375 2, 537
2, us; 2, 385
1, 979! 2. 668
2, 033J 2, 809
2, 634 j 2,712
2,910
2, 594
2, 967
3, 054
3, 350
2,980
2, 776
2, 865
2,859
2, 566
2,461
2,077
2, 943
2, 276
3, 037;
3, 453i
3, 193:
2,666!
2. 569!
2, 4671
2, 3771
2, 673!
2,913!
3,146
3, 202
2,917i
3,493!
3, 540!
3, 646:
3,374
3, 514
3, 254i
2,9511
2, 792!
3,169|
3,182!
3, 233!
2, 794!
3,661
3, 8881
3, 7891
3,164
3, 0351
2,963!
2, 932!
3, 279!
3,250
3,529
3,868
3, 516
3,917
4,189
4, 424
3,807
3,431
3,334
3,247
3,379
3, 724
3, 654
3, 588
3, 586
4,002
4,095
3,898
3,741
3,708
3, 845
3,520
3,402
3, 543
3,906
3,744
3,828
4. 452
4, 395
4. 168
3, 787
3. 473
3, 528
3, 118
3, 138
3, 205
3, 187
!
5,243|
I
I
!
I
i"
Water power
January
February
March
April
May
June.
July
August
September.
October
November
DeccrnDer
1, 234',
1,1251
1, 368J
1,427
1,462
1, 365
1,347
1, 335i
1, 272!
1, 290 j
1, 334
1,391
Total
Monthly average
L, 339 j
1, 193
1, 3391
1, 302|
1,3151
1, 210
1, 221
1, 197
1,096
1,134
1,2181
1,316
1, 2841
1, 209j
1, 456i
1, 480!
1,634!
1, 5771
1, 543 i
1,4801
l,341i
1, 336!
1, 349!
1, 403!
1, 587|
1, 442!
1, 690!
1, 759|
1, 894!
1,727!
l,617j
1, 534'
l,427j
1, 428!
1,469!
1, 659 j
1, 664!
1, 556;
1, 705]
1, 8401
1,919
1, 688
1, 588!
1, 500!
1,475!
1,616!
1, 553!
1,742!
1,686! 1,974!
1,733; 1, 934!
2, 030 2, 279
2.012 2, 334!
2,012! 2,325!
1,833! 2, 245!
!
1, 809; 2,014
1, 760: 2, 089l
1,6011 2.070!
1. 794; 2, 173!
1,934: 2, 242!
1,969! 2, 393
2,342
2, 187
2. 578
2, 514
2, 607
2, 470
2, 370
2, 358
2, 154
2,315
2, 455
2,648
2. 632
2, 475!
2, 746!
2,837!
3,060
2,983!
2. 948{
2 929
2,679!
2, 7771
2, 679!
2,643!
2. 578:
2.333!
3, 021:
3, 158
3, 356!
2,947!
2. 939!
2,719
2, 370:
2, 615!
2,531!
2.625!
2,806i
2, 580!
3, 124!
3,157!
3, 106
2, 948
2, 769'
2,413:
2, 191
2,217!
2,142!
2, 285!
15,949 14,880 17,092! 19,233! 19,8451 22,233! 26,072 29,029; 33,389; 33,191] 31,738! 29, 580! 33,322; 34, 059' 33.713! 39,034! 39, 516! 44,489 44,834! 44,022
!
!
!
'
!
!
:
1,329! 1,24()| 1,424 l,603J 1, 654J 1,853: 2,173! 2,419 2,782 2,766; 2, Gio 2,465 2,777! 2,838' 2,809^ 3, 253| 3,293^ 3,707; 3,736^ 3,668
PRODUCTION BY TYPE OF PRODUCER
Privately and municipally owned electric utilities
January
February
March
April
May
June
July
August
September
October
November
December
3,376
3,072
3,317
3,179
3,201
3,177
3,231
3,327
3,244
3,343
3,291
3, 331
161 3, 429
831 3, 125
050 3,467
915 3,274
934 I 3,480
915 3,488
942 3, 505
082 3,717
056 3,689
240 3,953
305 4, 007
446 4,162
4, 291
3, 904
4,286
4,077
4,250
4,122
4,128
4, 251
4,130
4,516
4,417
4,524
4, 782
4, 465
4, 595
4,344
4,378
4,166
4,220
4,345
4,422
4,793
4, 660
5, 085
5,141
4, 633
4,988
4,793
4,836
4,848
4,993
5, 068
5,111
5, 528
5, 357
5,692
6, 272 ! 6,675 : 7.671
5,682 ! 6, 296 ! 6, 928
6,300 j6,665 ! 7,453
5.948 I0,316 | 7,361
6,060 I6, 580 ! 7, 540
5,978 I6,473 I 7,244
5,957 ! 6,600 j 7,551
'., 822
6, 168 '6,986
6,118 6,780 7, 555
453
8. 183
6, 449
6,363 I 7,256 j 7.741
6,677 I 7.373 i 7,962
5, 693
5,206
5,711
5,376
5, 381
5, 445
5, 540
5, 730
5, 774
6, 126
6, 008
6, 318
8,106
7, 120
7. 022
7, 459
7,507
7, 210
7,331
7,383
7,310
7,738
7, 286
7,641
7, 489
6, 739
7,415
7, 195
7, 166
7. 000
7, 239
7, 141
7,111
7,292
6,926
7,319
7,125
6, 578
6,845
6, 361
6, 253
6, 174
6, 158
6,357
6,319
6, 620
6, 528
6, 687
6, 569
5,918
6,279
6,097
6, 621
6,810
7,013
7, 194
6, 901
7, 009
6, 807
7,033
7,192
6, 589
7,279
6,994
7,191
7,068
7,177
7,325
6,840
7,442
7,204
7.611
7,896
7,048
7,561
7,371
7, 555
7,378
7,810
8,057
7,707
8,375
8, 214
8,585
9. 966
8,733 9, 716 9,134
8,104 8,828 8,236 ; 9, 043
8,391 9,819 8,973 ! 9,899
8,388 9,464 8,451
9,320
8, 554 9,552 8,599 i 9, 689
8,618 9,650 8,667
9, 824
9,103 9,899 8,963 ! 9, 849
9,252 10, 174 9, 586 ! 10,332
9, 171 9,770 9,238 : 10,213
9,619 9, 955 9,615 10, 895
9, 181 9, 366 9,660 10,661
9, 885 9,540 10, 205 11,074
39, 089 36,877 [43,297 150,896 54,255 j 60, 987 68,312 [73,971 J81,451 J91.011 !89. 712 J86, 031 j78, 005 80,251 85,913 93, 558 106, 999 115, 734 109, 327 120, 766
Total
Monthly average 3, 257
3,073 I 3.608 j 4,241
4,521
5,082
5, 693
I 0, 164 I 6, 788
7. 584
j 7, 476
7, 169
j 6, 500
6, 688
7,159
7,797
8,917
i
1
9,644 I 9, 111
I
10,064
Other producers
January
February..
March
April
May
June
July
August
September..
October
November..
December..
Total
423
362
368
340
334
331
338
333
333
348
353
...
Monthly average..
366
332
339
317
323
325
328
331
314
331
366
329
343
314
329
336
348
347
339
364
379
431
394
412
371
376
370
373
379
365
387
364
384
386
434
421
358
397
378
389
384
387
387
377
414
419
381
335
366
4,245
4,009
4,632
4,764
354
334
386
397
429
388
410
371
387
384
386
371
381
376
412
453
456
427
456
424
458
462
408
435
442
460
463
486
,
!
I
j
I
I
462
405
434
438
473
455
463
471
441
440 I
459
454
481
471
468
429
424
417
418
416
388
386
388
420
454
389
410
390
416
396
404
416
403
417
395
424
425
378
420
419
425
458
455
428
398
386
359
390 I
4,914 j 4,939
410
377
349
384
384
387
447
444
400
388
392
371
372
4,698
391
356
362
389
345
338
336
339
359
382
398
367
401
338
327
353
330
333
379
423
436
396
411
377
382
4, 372
4, 486
364
374
428
452
414
426
479
396
407
388
354
366
374
410
i
!
!
{
389
377
374
372
392
420
485
442
426
392
388
447
383
372
385
378
400
430
469
460
456
435
493
523
4,906
5,183
409
432
643
677
682
620
671
641
660
711
807
903
907
966
1.000
1,003
6,103
7,354
9,570
509
613
479 i
457 !
492 !
483 !
495 I
493 !
518
532
529
518
525
584
578
546
576
561
560
604
633
661
660
655
797
1
This table presents monthly figures for all years for the series on electric power production shown in the 1940 Supplement and includes revised figures for 1939. The data
have been compiled by the Federal Power Commission beginning May 1936; theretofore, compiled by the U. S. Department of the Interior, Geological Survey. Reports are solicited from all plants engaged in generating electric energy for public use and, in addition, from electric railways, electrified steam railroads and a few small miscellaneous plants
which generate energy for their own use. Data are received each month representing approximately 98 percent of total production; the remainder is estimated and corrections
are made as additional reports become available. In 1939 reports were received from 1,677 companies operating 4,126 generating plants. The net output of the following types
of plants is included: Privately and municipally owned electric utilities; that part of production of mining and manufacturing plants which
is sold (except that data are not
included for concerns selling less than 10,000 kilowatt hours a month); electric and steam railways (total output, including produced for owTn use and for sale); Bureau of Reclamation plants and other Federal projects; cooperatives, power districts, state projects, and publicly owned noncentral stations.
Data are comparable with statistics compiled by Bureau of Census with the following minor exceptions: The Commission does not include a few small plants of less than
100 kilowatts; the output of electric and steam railways for their own use is included here but excluded by the Bureau of the Census. The latter data have been reported
separately by the Commission since January 1937 but have been included in the totals for all years in order to preserve the comparability of the series.
19
SURVEY OF CURRENT BUSINESS
December 1940
Monthly Business Statistics
The data here are a continuation of the statistical series published in the 1940 Supplement to the SURVEY OF
That volume contains monthly data for the years 1936 to 1939, inclusive, 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. The 1940 Supplement may be secured from the Superintendent of
Documents, Government Printing Office, Washington, D. C , for 40 cents per copy.
A few series have been added or revised since the 1940 Supplement went to press. These are indicated by
an asterisk (*) for the new series and by a dagger (f) for the revised series. A brief footnote accompanying each
of these series provides a reference to the source where historical data and the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variations. Data subsequent to October will be found in the Weekly Supplement to the SURVEY.
CURRENT BUSINESS.
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
BUSINESS INDEXES
INCOME PAYMENTS!
Index, adjusted.
Total income payments
1929=100..
Salaries and wages
do
Total nonagricultural income
do
Total
mil. of dol__
Salaries and wages:
Total
do....
Commodity-producing industries. - do
Distributive industries
do
Service industries
do....
Q o vernment
.
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
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...
INDUSTRIAL PRODUCTION!
j
(Federal Reserve)
p 92. 3
P91.7
P93. 1
p 6, 671
p 4,154
p 1, 592
v 903
P882
P 590
P 127
P 85
88.0
86.9
88.5
6,259
88 5
87.7
89.3
5,865
90.0
88.9
90.4
6,904
90.3
88.2
90.2
6,093
89.7
87.5
89.6
5,604
88.4
87.0
89.3
5,987
88.2
86.2
88.7
5,965
88.6
87.3
89.8
5,689
88.7
'87.9
90.7
6,288
89.3
88.8
91.1
6,103
90. 5
90. 4
92.3
5,787
'91.6
'91.4
92. 9
' 6, 462
3,911
1,472
928
846
541
124
3,879
1,449
915
850
537
128
88
3,908
1,420
945
862
547
134
89
3,767
1,349
902
847
535
134
95
3,742
1,339
882
845
536
140
95
3,784
1,352
900
845
539
148
94
3,784
1,356
900
845
540
143
92
3,838
1,391
908
854
548
137
89
3,871
1,419
915
860
557
120
86
3, 766
1,423
923
854
452
114
87
' 3, 840
,4899
917
859
455
117
87 |
'4,023
-"1,553
' 940
867
' 548
' L15
'84
137
1,517
148
840
151
447
155
820
152
799
166
472
166
1,050
167
901
164 •
485
134 |
v 145
p 845
133
775
p 1, 442
p 5, 886
1,352
5,541
1,278
6,239
1,253
6, 321
1,243
5,533
1,169
5,108
1,134
5,519
1,138
5,479
1,124
5,211
1,115
5,821
1,182
5, 5G2
1,214
'5,232
117.0
80.5
69.0
91.0
94.0
94.5
70.5
107.0
76.5
68.5
83.5
89.0
87.0
66.5
90.0
76.5
66.0
86.5
91.0
87.0
73.5
79.0
79.0
74.0
84.0
91.5
82.0
70.5
69.0
79.0
72.5
85.0
95.0
84.5
65.5
60.5
84.0
81.0
86.5
94.0
82.0
80.0
60.0
76.0
72.5
79.0
89.5
75.0
70.0
62.5
81.5
77.0
85.5
89.5
88.0
70.5
66.0
80.0
73.5
85.5
84.5
90.5
70.5
62.5
70.0
61.5
78.0
82.0
79.0
64.0
75.0
71.0
57.5
83.0
84.0
88 0
65.0
79.0
71.0
59. 0
81.5
90. 0
82. 0
65.0
r
1,310
5, 809
95. 0
oY. 5
85.
92.
SS.
67.
5
0
0
0
Unadjusted:
Combined index
1935-39=100..! v 134
112
113
124
' 112
116
117
126
126
121
120
' 129
118
Manufactures
do j v 136
114
125
126
126
112
112
116
' 118
120
130
122
117
121
Durable manufactures _
. . . d o j P 155
131
136
121
125
128
M40
'120
134
128
127
' 144
121
Iron and steel
do j p 164
159
161
159
113
106
123
144
151
153
101
147
101
121
120
Lumber and products*
do ! v 132
107
114
111
109
98
132
123
116
' 110
r
113
125
125
Furniture*
do ! p 134
123
113
108
108
109
127
110
119
' 106
96
119
116
Lumber*.
__
do
'
p 130
105
104
109
117
93
119
134
112
120
123
117
123
Machinery*.
do :
126
p 149
126
126
112
127
129
123
129
135
140
147
157
Nonferrous metals*
do
165
156
135
129
128
129
151
' 152
129
139
83
137
126
Stone, clay, and glass products*..do
101
114
90
129
143
115
143
'129
'127
133
60
139
126
Cement
do
155
105
88
115
140
150
69
143
136
141
50
145
137
Common and face brick*
do
119
71
131
70
103
145
109
124
114
Glass containers*
do....
118
107
117
116
119
124
104
117
120
121
106
Polished plate glass
do
127
127
149
111
96
91
142
129
93
118
79
66
r
'139
Transportation equipment*
do \
p 167
' 141
104
' 144
' 132
' 137
' 153
M19
' 121
63
'131
'96
'233
Aircraft*
__
do j
P 565
' 241
' 266
'299
' 303
'329
213
'282
'463
'371
' 394
' 514
130
A utomobiles
do i p 142
134
130
118
150
130
111 j
114
23 |
94
70
89
103
Locomotives*
do j P 151
95
102
99
98
102
92
102
106
124 !
116
' 137
151
v 134
Railroad cars*
do j
112
132
158
141
137
99
133
124
118
' 130 i
135
145
Shipbuilding*
do ! P 2 2 7
140
138
146
162
162
172
144
202 |
176
185
' 213
Nondurable manufactures
do j
P 120
105
120
118
115
109
108
105
109
114 |
112
110
' 119
Alcoholic beverages*...
...do !
108
84
94
105
109
103
80
86
107
89 |
120
112
108
Chemicals*
do \
v 120
111
114
116
113
114
111
113
112
113
110
110
117
Leather and products
do j
P96
106
99
99
95
85
103
106
99
88
91
88
102
Shoes*
do !
100
107
113
97
104
89
107
91
97
85
96
88
' 109
99
Manufactured food products* ...do '
p 119
131
109
107
120
117
100
100
101
108
116
' 133
83
Dairy products*
do j
P92
151
75
85
95
161
71
73
112
148
168
116
124
Meat packing
do !
127
102
109
131
148
116
111
113
146
117
123
112
116
Paper and products*
do ___!.
122
123
133
120
128
136
114
119
127
130
123
118
121
Paper and pulp*
do
|.
123
114
132
122
131
128
120
128
131
115
114
Petroleum and coal products*
do j .
113
121
118
114
115
115
122
116
116
118
125
138
Coke*.
do
135
141
140
133
138
120
118
122
131
141
113
110
Petroleum refining
do
109
121
112
118
115
113
114
113
113
109
102
103
Printing and publishing*
.do
111
122
119
120
106
114
119
119
108
117
109
106
Rubber products*
do
128
129
122
118
116
114
117
115
121
r
Revised.
Preliminary.
fRevised series. For revised indexes of industrial production beginning 1919 (1923 for industrial groups and industries), including the new series, see table 31, pp. 12-17,
of the August 1940 Survey; aircraft indexes subsequently revised beginning January 1939. Revised data for 1939 not shown above and on p. 20 of this issue follow: UnadjustedJan., 112; Feb., 122; Mar., 127; Apr., 139; May, 155; June, 173; July, 181; Aug., 196; Sept., 191; adjusted—Jan., 114; Feb., 122; Mar., 127; Apr., 139; May, 152; June, 169; July, 181;
Aug., 191; Sept., 196. Revisions in data for aircraft had only a minor effect on group indexes of which aircraft is a component. For revised data on income payments beginDigitized for
ningFRASER
1929, see table 42, pp. 17 and 18 of the October 1940 Survey.
*New series. See note marked with a "f".
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
20
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
December 1940
1940
January
February
March
April
June
May
July
August
September
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTIONf- •Con.
(Federal Reserve)
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Con.
12G
Textiles and products
1935-39 = 100..
v 129
Cotton consumption*
do
v 144
Rayon deliveries*
do
Silk deliveries*
do
Wool textile production*
do
129
120
Tobacco products
do
v 122
Minerals
do
v 112
Fuels*
do
P97
Anthracite
. _ _ _ do
v 109
Bituminous coal.
do
v 115
Crude petroleum
do
p 176
Metals*
..do
145
Copper*
.
do j
117
Lead
.
....do
j
132
Zinc
.
do '
Adjusted:
'
v 128
Combined index
..do ;
•/' 131
M anuf actures
do :
v 151
Durable manufactures
do
p 165
Iron and steel..
do ;
v 123
Lumber and products*
do
p 123
Furniture*
do
v 123
Lumber*
do j
p 146
Machinery*
do \
162
Nonferrous metals*
.
do j
127
Stone, clay, and glass products*., do
|
Cement
do j
Common and face brick*
do :\
114
Glass containers*
do..... :'
111
Polished plate glass
do
P 158
Transportation equipment*
do •
Aircraft*
d o . . _. i p 5 •'>
v 130
Automobiles
do |
v 159
Locomotives*
do j
v 141
Railroad cars*
.
do i
v 224
Shipbuilding*
do ;
Nondurable manufactures
do j
*' 116
Alcoholic beverages*
.
do j
103
C hemicals*
do _ _ _ _ j r 115
(
Leather and products
do
i
98
Shoes*
do
M a n u f a c t u r e d food products*
do
,
v Ul
' 115
D a i r y products*
do
;
127
M e a t packing
do
!
P a p e r a n d products*
do
!
Paper and pulp*
do
i
Petroleum and coal p r o d u c t s *
do
j
Coke*
do
j
Petroleum refining
do
j
P r i n t i n g a n d publishing*
do.... j
Rubber products*
do
'
Textiles a n d p r o d u c t s
do... I
Cotton consumption*
do...
130
R a y o n deliveries*
do
71
Silk deliveries*
do
:
132
Wool textile production*
do
Tobacco products
do
ii
11
Minerals
do
j
Fuels*
do
no
Anthracite
.
do....:
s 91
B i t u m i n o u s coal
.
do
C r u d e petroleum
do._.
IK
Metals*
do
129
140
Copper*
.do
110
Lead
__..do
132
Zinc
do
123
121
145
99
122
115
129
121
118
137
115
177
131
128
152
101
130
112
123
120
QQ
yy
135
116
141
(aa\
\ )
109
116
121
r 122
129
161
113
114
112
115
144
123
120
119
121
124
105
-213
96
97
105
138
115
106
111 I
105 i
105 !
109 ;
108 i
113 i
131 I
128
120
133
118
118
128
119
119
130
91
125
111
119
117
112
123
116
128
111
116 i
116
128
124
124
133
161
121
121
121
123
153
120
121
125
112
112 |
' 103 i
'239 I
91
98
122
142
117
98
111
108
112 !
110 I
no I
116 J
134
132
120
140
117
117
126
128
124 !
146 1
89 j
132
110
120
118
97
119
120
131
109 !
127
126
125
150
84
118
94
' 112
' 115
117
116
93
118
134
126
128
140
167
121
118
122
125
159
128
131
142
115
124
' 129
' 266
121
95
136
144
' 117
95
112
105
108
112
115
126
135
134
119
139
116
119 i
123 !
' 125 i
r 127 '
115
109 !
' 115
113
88
106
118
124
'1l2 !
130
-121
125
148
72
107
98
115
120
128
132
114
89
144
114
133
122
122
135
147
115
117
115
!
!
|
i
I
!
127 I
154
123
125
119
116
122 I
' 138 I
'288 !
129
102
156 I
149 !
113
98
113
101
101
111
109
124
123
123
117
137
114
109
119
118
120
151
69
106
103
118
117
111
119
116
127
147
114
130
115
123
141
65
102
98
112
116
101
t 115
132
66
77
97
110
114
121
117
89
142
116
135
104
121
87
144
115
134
116
116 !
124 |
118 i
114 |
113 i
114 I
123
142
113
106
96
118
112
' 138
'283
129
101
158
150
110
96
111
98
99 !
113 |
114 i
129 !
114 i
114 !
116 i
123 i
115 i
108 j
119 '
' 108 !
115 ;
144 ;
64 !
93 !
106 |
114 I
112 |
78 !
103 j
118 i
130 !
140
116
133
r 113
112
118
106
111
112
110
123
132
120
117
106
124
105
' 132
'299
120
101
149
156
106
98
109
93
94
112
112
128
110
110
118
118
117
106
116
' 100
108
139
64
117
114
84
109
120
134
141
117
127
97
110
127
60
73
105
111
113
89
101
121
65
150
119
131
111
110
113
99
110
111
109
123
124
115
115
108
116
96
'117
'306
103
103
125
156
107
103
111
85
85
111 S
112 !
117 I
116 !
117 |
115 !
119 i
114 !
108 i
115 i
100 I
107 i
138;
61 !
79 :
111 I
119 i
116 l
83 i
120 j
118
135
144
118
127
r
100
109
127
55
85
112
118
113
90
103
119
149
141
122
123
115
114
119
118
112
115
110
124
126
113
115
109
112
91 !
' 117 !
'323 j
101
102
121
164
110
100 I
114 i
87 !
86 i
112 ;
110
117 ]
127
128 i
114 i
123
113 I
115 i
117 !
r 104
109 ;
142 ;
58
87
110
us
115
82
122
116
135
143
124
123
101
' 108
131
51
88
124
118
111
104
100
116
161
140
116
118 !
121
'122
131
154
111
113
110
128
129
' 112
113
118
111
80
' 122
'364
106
102
111
170
114
113
116
96
100
115
111
126
132
132
115
132
112
120
115 !
' 107 !
' 114 ;
144 i
56 I
89 !
115 j
118 |
116
113
116 j
116 i
134 !
143 I
117 !
120 I
112
114
140
57
109
110
117
109
83 |
112 |
in !
164 I
135 !
114 j
104
• 109
134
51
98
112
121
111
101
107
114
179
133
112
120
121
121
132
156
107
114
103
133
136
' 115
110
117
ioo !
' in i
'394 I
87 !
113 !
120 I
189 I
112 |
108 !
117 !
93 j
99 !
110 i
112 !
116 |
129 |
130 !
112 '
139 I
108 i
' 114 j
106 !
' 113 i
121 i
138 !
57 j
100 j
103
120 !
117 !
129 i
121 |
114 I
139 !
150 |
120 !
12* |
117 I
118
120
' 138
65
120
118
' 124
115
100
' 124
' 114
' 171
' 136
112
129
121
122
134
158
114
115
113
138
144
119
115
' 125
' 127
r 146
164
121
121
121
145
r 152
P 128
125
!
!
i
|
!
|
I
i
114
114
107
'403
76
123
' 127
213
112
91
115
97
100 !
114 I
113 !
119 !
123 i
122 !
113 i
139 i
109 i
' 110 |
' 109 !
114 '
124
130
61 :
106 !
100 j
114 j
112 !
112 I
122
r
108 I
125 i
144 i
117 !
123 !
123
118
138
129
109
* 140
148
r
220
' 112
103
115
'96
97
' 110
v 113
121
119
r
116
142
"ios
119
116
120
r
120
65
123
108
' 116
114
r
105
r
119
' 114
' 127
f
132
108
133
MANUFACTURERS' ORDERS, SHIPI
MENTS, AND INVENTORIES*
148
New orders, total
- ..Jan. 1939=100,
104. 4
110.2 | 121.3
132.9
105.5
119.1
110.0
100.5
104
127.2 I 129.5 !
198
Durable goods
do
106. 2
118.2
156. 9
112.3
140.7
141.0
114.0
103.2
158. 5 | 162. S ! '211
146
Electrical machinery
do
122.9
130.5
168.0
139.6
128.7
114.6
140.9
129.3
207. 6 ! ' 228
190.2 j
r
231
Iron and steel and their products
do
89. 5
104.1
161. 3
152.2
115.2
144.6
101.1
81.1
199
151.2 ! 139.8 i
161
Other machinery
do
132.9
125.4
117.3 I 118.4
141.4 ; 158. 7
125.2
118.8
' 212
153.6 ! 166.5 :
!
;
198
Other durable goods
do
116.0
123. 4
135.8
109.1 I
143. 5
113.0
134.9
114.9
161.5 | 179.0
116
Nondurable goods
do
103. 2
105.0
105. 2
106.7 !
101.0
108.6 | 117.6
98.7
108. 1
' 133
107.1 i
f
134
118.2
119. 7
Shipments, total
do
128.1 i
125.9
132. 6
121.2
122.9
118.9
11."
117.2 | 123. 5
144
129.2
132.9
Durable goods
do
146.5 j
139.6
148.1
128.7
136.3
131.1
' 158
128.6 | 12*. 9 •:
P 97
124. 7
127.4
Automobiles and equipment.do
135.5 i
107.4
132.7
122.1
117.7
124.0
' 100
75.0 i
41.3
127
119.2
142.1
Electrical machinery
do
128.7 !
153. 0
133. 2
129.6
132.6 .
147.3
' ltil
136.9 I
143.3 i
168
137.1
165. 3
152.0
Iron and stool and their products
do
166. 5
133.3
125.6 | 120.8 ! 132.7
' 180
162.7 I
146.3 I
Transportation equipment (except autoi
241
mobiles)
Jan. 1939=100-.
179.0
227.6
235. 2
186.7
184.8 1 187.6
197.1
180.0 I
' 244
187.6 ; 211.4 |
130
Other machinery ..
do
141.4
142.1
150. 7
143.3
122.6
131.9
154.8
156.9 !
149.3 j r 16.5
147.1 I
16."i
Other durable goods
do
146.9
128.4
129.1
138.8
126.1 ! 122.3
137.6
137.2 j
131.8 | 147.0 i
' 171
120
Nondurable goods
do
119.4
112.4
107.9
112.1
108.9 I 110.4
110.8
113.8 I
108.6 :
118.6 !
' 134
134
Chemicals and allied products
do...
127.7
110.6
114.5
108. 9
112.0 ! 108.0
120.5
120.6 i
110.0 j
115. * '
138
120
Food and kindred products._.
do
111.0
110.6 i 106.6
106.0
103.3 I 105. 8
111.1
114.3 i 107.9 ! 113.3
' 131
135
Paper and allied products
do
127.5
118.8 ! 124.4
119.1
118.8 I
137.1
119.1
142.1 !
134.6 ! 129.2
' 137
111
113.9
Petroleum refining
.
. do
108.2
105.5
114.9
107.8
112.2 ; 101.0
111.8
102.5 i 102.9
• 1 1 1
1/U
125.7
123.0 ! 129.6
113.2
Rubber products
.
do
134.9
115.8
159. 2
122.4 I
121.7 [
129.6
' 147
129
Textile-mill products
do
91.7
93.4 ' 112.7
' 136
131
Other nondurable goods
do._-.
12^5.4
132
114.9
108.7
130.2
132.7
112.7
105.2 I
102.7
107.4
147. 1
147
' Revised.
° Data not available.
v Preliminary.
tRevised series. See note marked with a " t " on p. 19.
*New series. For industrial production series, see note marked with "f" on p. 19. Indexes of manufacturers'orders and shipments beginning January 1639 are available
on
p.
13 of the September 1940 Survey, except for textile-mill products and other nondurable goods (revised), for which see p. 20 of the November 1940 issue.
December 1940
21
SURVEY OF CUR RE XT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
ber
1940 Supplement to the Survey
1940
January
February
March
April
May
June
July
' 108.6
'111.8
'95.9
115.6
116.3
'109.2
Mil. 9
r
86. 6
115.6
119.1
Sep.
August tember
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*-Con.
Inventories, total
Dec. 31, 1938=100..
Durable goods
do.__.
Automobiles and equipment
..do
Electrical machinery
do
Iron and steel and their products
do-_.
Transportation equipment (except automobiles)
Dec. 31, 1938=100...
Other machinery
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
R u b b e r products
.
do
Textile-mill products
do
Other nondurable goods
do.,..
r
104.5
107.1
no. i ! ' 115.4
p 92. 3 !
95.4
108. 7 ; 111.0
v 114.4
p 121.3
p 130.6
v 122. 3
P 124.3
p 100. 2 I
103.1 !
v 228.1
p 114.8
p 104. 2
v 107.1
p 110.0
p 101.3
p 110.7
p 99. 3
P 125. 1
119.1
p 102, 7
v 110.8
p 97.9
v 97. 4
" 9.7
7 . 11 !
v 93. 1
v 97. 4
p 93. 5
P 92,8
v 94. 0
104. 6
P 98. 2
131.5
102.2
102.0
101.8
96.6
104.8
98.1
92.7
102.2
109. 3
^ 112. 2
*• 118.8
108.3
112.0
107.3
110.3
'117.4
103.9
111.9
!
!
!
!
|
!
j
145.1
106.1
106.2
104.1
102.8
106.0
102.2
92.6
111.8
i
|
i
i
!
!
"ioo.'o'l "ioiTi
153.1
109.5
108.1
106.2
106.0
103.9
105.7
91.6
113.8
'8.7 |
110.0 !
109.8
'112.8 | r 112. 6
' 116. 3 | '112.7
111.7
114. 5
111.8 !
111.1
108.9 j ' 109. 1
' 111.0 j ••111.5
' 109.1 i '105.9
116.5
114.9 i
113.6
110.8 |
167.0
111.9
107.8
107.0
109.8
102.5
107.1
93.8
118.1
165.6
112.4
108.7
106.8
111.1
100.5
108.0
94.5
119.6
160.4 '
110.9
107.8
106.2
111.5
98.4
106.6
95.5
120.7
108.8
107. 3
"mo"
84.8
73.2
76. 9
85.8
86.6
96.9
85. 0
73.2
77.4
85.4
86.7
97.0
174.4
110.0
106.7
105.2
111.3
97.1
104.0
96.3
116.7 j
118.5 ;
104.6 '
164.9
110.6
107.0
105.8
111.1
97.5
104,9
97.1
122.2
185. 2
110.8
105.7
106.4
111.7
100. 6
104. 5
98.3
120.5
118.5
104.1
r
i10.9
! 15. 4
'112.3
I! o. 5
120. 1
r
194.7
104'5
106.0
112.4
101.7 i
107. 1 I
98.3
124.0 j
114.9
100. K
' 112.2
118.4
' 128. 7
' 116. 7
' 121. 1
r
' 207. 8
' 112.2
' 104.1
r
105.5
r
110.7
' 98. 8
' 108.4
r
99.0
r
125. 5
' 115.0
' 100.3
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined indexf.
1923=100..
Clothing
do
Foodt
do
Fuel and light
do
Housing
.
do
Sundries
do
PRICES RECEIVED BY FARMERS!
85.3
72.6
78.6
85.2
86.6
96.8
84. 6
72.9
70. 4
85.6 I
86.6
96.8
84.6
73.0
76. 3
85.8
86.6
96.9
85. 1
73.2
77.8
86.0
86.6
96.9
85. 5 j
73.1 I
79.1 I
84.2
86.8
97.0 I
85. 2
73.1
78.1
84.1
86.7
97.0
85.4 I
73.1
TO 4
78.4
84.5
86.8
97.4
85.1
73. 0
77.4
84.8
86. 9
97. 4
85.6
73.1
78.2
85.3
87.0
97. 9
|
(U. S. Department of Agriculture)
Combined index
1909-14=100.
Chickens and eggs
.
do.-_
Cotton and cottonseed
do
Dairy products
do. _ _
Fruits
do.-Grains
do.. _
Meat animals
___do...
Truck crops
do...
M iscellaneous
do—R E T A I L PRICES
U. S. Department of Labor indexes:
Coal:
Anthracite
1923-25=100.
Bituminous
do
|
Foodt
1935-39 = 100-|
Fairchild's index:
1
Combined index
Dec. 31, 1930=100-.!
Apparel:
Infants'
do
Men's
do
Women's
do
Home furnishings
.
do
Piece goods
do
WHOLESALE P R I C E S
U. S. Department of Labor indexes:
Combined index (813 quotations®) 1926= 100. Economic classes:
Finished products
do
Raw materials
do....
Semimanufactures
do
Farmproducts
do
Grains
do
Livestock and poultry
do
Commodities other than farm products*
1926=100..
Foods
do
Dairy products
do
Fruits and vegetables
do
M e a t s . _.
do
Commodities other than farm products and
foods
1926=100
Building materials
do
Brick and tile
do
Cementt
do
Lumber f
do...i
Chemicals and allied products!
do . . . I
Chemicalsf
. . . do
1
Drugs and pharmaceuticalst
do
|
Fertilizer materials!
do .... j
Fuel and lighting materials
do
|
Electricity
do
I
Gas
.
do
Petroleum products
.
do
|
Hides and leather products
....do
j
Hides and skins
do
|
Leather
.
do
j
Shoes
do
|
House-furnishing goods
do
j
Furnishings
do
I
Furniture
do
I
85. 1
72.9
77.8
85.6
86.7
96.8
97
108
74
112
73
77
112
128
94
97
117
75
117
66
79
107
123
9G.2
97.6
96.7
93.5
91.2
96.3
88.7
90.4
92.7
84.7
49.0
100.4
93.8
90. 9
107. 0
88. 6
95. 0
81.8
98
82
85
110
81
96
104
145
100
98
84
83
106
88
92
108
133
101
95
81
81
104
104
83
102
134
100
95
88
80
105
89
78
110
98
98
112
107
111
73
77
114
118
95
81.0 I
89.0 !
95.6 !
96.2
97.0
78.6
'85.
98.3
97.4
96." 3"
81.2
87.0
97. L
92.6
92.8
92.8
92.8
92.9 I
92.9 !
92.9
93. 2
88.8
91.4
93.7
85.5
96.6
88.8
91.8
94.1
85.9
96.9
88.9
91.9
94.4
86.0
96.9
88.9
91.7
94.3
86.0
96.9
88.9
91.8
94.6
86.0
97.0
89.1
92. 0
94. 5
86.0
96.9
89.1
92. 1
94. 6
80. 0
97.0
89.1
92. 2
94. 6
86.0
97. 3
89.1
91.8
95. 0
86.7
91
85
119
66
90
103
117
113
101
98
85
118
76
91
101
168
107
77.1 !
89.2 i
94.9 !
94.8
96.6
91.9
92.0
92.3
96.4
88.7
90.9
93.5
85.0
96.4
88.7
91.0
93.5
85.3
97
82
118
65
87
101
96
104
97
83
85
114
73
92
102
128
101
79.4
79.2
79.2
79.4
78.7
78.4
78.6
78.4
77. 5
77.7
82.3
72.3
83.1
67.1
61.6
70.5
82.0
72.4
82.1
67.3
64.1
66.1
81.7
73.3 i
82.0 j
67.6
71.6 1
63.8 j
81.7
73.8
81.7
69.1
73.5
67.2
81.4
72.7
79.9
68.7
72.8
65.6
81.1
72.0
79.7
67.9
73.4
67.1
81.2
73.0
78.2
69.4
77.2
68.4
81.3
72.0
78.3
67.9
71.2
69.6
80.5
70.7
77.9
66.2
64.4
64.7
80.9
70.7
77.8
66.5
60.8
69.8
81.0
69.8
77.0
65.6
59.3
71. 5
81 5
70.5
77.6
66.2
61.7
72.4
82.0
73.3
78.9
60.2
74.9
81.6
72.3
80.1
61.2
71.2
81.6 I
71.9 i
81.3 i
63.0
69.1
81.5
71.7
81.9
60.3
69.9
71.1
80.0
58.7
68.4
80.5
70.2
78.6
58.7
69.2
80.5
71.6
77.4
65.7
71.1
80.5
71.4
72.8
69.2
73.8
79.8
70.3
72.2
73.9
70.7
80.0
70.3
73.7
69.0
72.9
79.9
70. 1
74.3
63. 2
76.1
80.4
71.5
75. 1
60. 8
79,0
83.8
92.8
91.5
91.3
99.6
77.6
85.2
79.7
68.6
73.9
75.4
84.4
54.0
104.6
112.4
97.8
105. 7
87.8
93.7
81.7
84.0
93.0
91.6
91.3
100.1
77.4
85.2
79.7
69.8
74.1
76.5
82.2
53.9
104.0
104.3
97.8
107.2
88.4
94.2
82.9
93.3
90.4
91.2
97.4
77.0
85.1
81.4
70.6
72.2
77.1
80.4
50.4
101.8
94.3
93.5
108. 4
88.0
94.2
81.5
82.5
92.5
90.2
90.3
96.7
76.8
85.0
81.8
70.7
71.8
76.0
82.0
50.4
101.8
94.8
93.2
108.2
88.4
94.5
81.9
82.5
92.5
90.2
90.5
82.2
92.4
90.2
90.6
82.3
92.7
90.1
90.6
94.8
77.0
84.9
95. 9
67. 3
71.1
73.3
88.2
49.5
99.0
84. 6
91.4
107. 0
88.5
94.8
81.8
82.0
93.3
90. 1
90.6
98.4
76. 7
84.8
96. 2
68.0
71. 1
72.4
84. 5
49.2
96.9
77.1
88.3
107. 0
88.5
94.8
81.8
82.3
' 95. 6
90. 2
90. 0
107.1
76.8
84.8
96. 0
08. 1
71.0
83.9
93.0
91.6
91.3
99.5
77.7
85.3
80.3
70.9
72.8
77.7
80.4
52. 5
103.7
105.2
95. 2
107. 5
88.5
94.4
82.4
83.9
93.4
91.6
91.4
98.7
77.7
85.3
81.3
71.3
72.7
77.6
78.6
51.7
103.6
102. 6
96.0
107.8
87.9
94.0
81.4
83.2
93.2
91.2
91.4
97.7
77.5
85.3
81.3
71.0
72.4
78.2
81.6
50.9
102.4
97.0
94.2
108.2
88.0
94.2
81.5 i
96.0
76.7
85.1
82.0
70.8
71.7
73.9
84.4
50.7
101.3
92.2
93.6
107.9
88.5
94.8
81.9
I
!
!
I
1
i
94.8
76.1
85.1
82.2
67.4
71.4
74.2
87.4
50.0
99.2
81.9
92.4
107.9
88.5
94.9
81.7
"""84."8
48.9
98. 3
84.0
88. 9
107.0
88. 5
94. 8
81.8
' Revised.
p Preliminary.
<8> N u m b e r of quotations increased to 863 in recent months.
§ D a t a for November 15, 1940: Total 99; chickens and eggs 120; cotton and cottonseed 79; dairy products 121; fruits 71; grains 83; meat animals 112; truck crops 93; miscellaneous 90
22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
December 1940
1940
February
January
April
March
June
May
July
August
September
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U.S. Department of Labor indexes—Con.
Commodities other than farm products and
foods—C ontinued.
Metals and metal products
1926=100..
Iron and steel
do
Metals, nonferrous
do
Plumbing and heating equipment
1926=100..
Textile products
do
Clothing
do
Cotton goods
-do
Hosiery and underwear
do
Rayon*
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.)
97.3
94.9
83.6
95.8
96.0
85.3
96.0
96.0
85.1
96.0
96.1
84.6
95.8
96.3
82.6
95.3
96.3
79.2
95 5
96.4
79.7
94.5
f)4. 3
79.2
94.5
94.2
80.3
94.7
94.3
81.2
95.1
94.6
80.8
94.9
94. S
79.1
95.4
94.9
80.7
80.5
73.6
85. 7
71. 5
61.4
29.5
44. 7
86.3
76.9
.58. 8
93. 2
79.3
75.5
83.2
74 3
63.5
29.5
54.3
91.3
77.6
60.5
86.3
79.3
76.4
83.8
74 8
64.8
29.5
56.5
90.5
77.0
55.6
88.0
79.3
78.0
84.2
75 2
66.0
29.5
66.0
90.3
77.4
55.6
89.0
79.3
77.9
84.5
75.4
68.4
29.5
61.8
90.4
77.7
55.6
89.8
79.1
75.4
84.9
73.6
64.5
29.5
51.6
87.2
77.3
55.6
89.5
81.0
74.0
85.1
71.8
62.2
29.5
49.9
84.5
76.9
55.6
89.0
80.9
72.9
84.7
70.2
61.7
29.5
45.4
83.8
77.7
58.0
89.5
80.6
72.9
85.0
69.4
61.3
29.5
47.0
83.4
77.7
58.0
90.7
80.5
72.6
85.3
68.4
61.6
29.5
46.1
83.7
77.3
58.2
91.7
80.5
72.4
85.3
68.8
61.5
29.5
43.3
83.9
77.7
58.8
93.5
80.5
72.3
85.6
68. 8
61.5
29.5
43.0
83. 7
76 7
58! 8
93. 5
80.5
72.5
85.6
69.2
61.4
29.5
42.8
84.2
70 5
58.8
93.2
129.6
126. 3
154.8
117.9
130. 1
»127. 7
153.1
118.2
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food prices
Prices received by farmers
Cost of living..
1923-25=100..
do
do
do
1
128. 0
« 127. 9
148. 6
118.9
126.8
127.6
151.5
118.5
127.2
128.4
151.5
118.6
127.2
130.0
153.1
119.2
128.0
128.0
145.6
118.5
126.8
129. 7
148.6
119.0
128.5
129.7
151.5
118.9
128.5
• 126. 9
149.9
118.2
129.9
• 125. 2
154.8
117.6
73
73
64
62
78
75
64
64
86
76
74
69
93
78
85
77
128.1
127.9
149.9
118.3
1
129. 1
< 126.6
151. 5
• 117.4
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND j
DWELLING UNITS PROVIDED
I
Value of contracts awarded (F. R. indexes):
r-88
Total, unadjusted
1923-25= 100..
*78
Residential, unadjusted
do
p 92
Total, adjusted
.
do
Residential, adjusted
do
r-80
F. W. Dodge Corporation (37 States):
Total projects
number. _ 34, 084
Total valuation
thous. of dol.. 383. 069
Public ownership
d o . . . 174, 506
Private ownership
do
208,563
Nonresidential buildings:
7.284
Projects
number..
Floor area
thous. of sq. ft_. 34, 028
Valuation
thous. of dol.. 136, 405
Residential buildings, all types:
Projects
. -number.. 24, 888
Floor area
thous. of sq. ft.- 40, 778
Valuation
.......thous. of dol.. 148, 469
Public works:
1.482
Projects
number..
Valuation
thous. of doL_ 73. 220
Utilities:
430
Projects
...
.
. ..number. .
Valuation
_.---thous. of doL. 24, 975
Families provided for and indicated expenditures for building construction (based on
bldg. permits), U. S. Dept. of Labor indexes:
Number of families provided for. .-1929 = 100.. i JO 1.4
Indicated expenditures for:
78. 6
Total building construction
do
70.8
New residential build ings
do
(19. 6
New nonresidential buildings
do
57. 0
Additions,alterations,and repairs. _do
Estimated number of new dwelling units provided in all urban areas (U. S. Dept of Labor):
Total
number..
1-family dwellings
do
2-family dwellings
do
Mult if amily dwellings
do
Engineering construction:
Contract awards (E. N. R.)§_-.thous. of doL. 702. 812
|
74
59
83
61
69
51
86
60
(0 (
53 i
54 |
50 !
63
56
63
60
62
57
j
i
I
i
94 !
81 i
90 i
82
»• 9 3
r
82
13,517
15,595
196,191 I 200, 574
92, 532
81, 666
103,659
118,908
23,920
272,178
94, 971
177,207
26,101
300,504
103. 450
197,054
29, 201
328, 914
111,578
217, 336
26, 679
324, 726
147,316
177,410
28, 466
398, 673
204, 568
194, 105
31.512
414, 941
195, 293
219,648
31,671
347, 651
143,996
203, 655
2,711
2,453
11,675 I 9,109
57, 757
52, 532
2,852
12, 356
70, 565
3,645
14,444
73, 735
3,815
16,610
88, 821
4,346
16,971
90,164
4,078
18,028
91,995
4, 130
23, 413
138, 954
5, 199 i
23.654 :
119,189 ;
5, 135
23, 431
101, 295
14,899
22. 585
88, 681
10,132
19, 082
77, 400
11,807
19,107
74, 858
19, 053
31,078
121, 708
20, 594
33,459
135, 420
22,939
36,312
145,912
20, 584
33, 537
135, 274
22, 387
36, 227
140,430
24, 277 !
38,987
152, 988
24, 758
41,630
152,372
1,223
50, 359
i
891
975 |
81,584 ' 180, 683
730
47,861
762
42, 929
1,008
58, 905
1,512 !
62, 881
1,733
81, 261
1,789
74, 433
1, 686
85, 681
!, 685
119. 358
1, 339
b\K 898
294
20,450
350
23,906
330
26, 977
202
18, 398
174
12, 222
214
.17,830
180
13, 382
183
11, 577
228
23, 024
263
33 608
351
23, 406
439
34, OS')
58.5
68.0
66.3
41.7
54.6
68.2 I
82.7
79.6 I
63.0
79. 5
80. 2
44.2
43.6
30.7
58.4
43.3
47.1
27.2
47.4
39.4
45. 1
22.9
39.7
29.9 I
29.4 I
36.1
37.1
23.1
48.1
43.6
47.1
26.4
52.4
52.1
57.4
29.5
64.4
52.8
58.5
30.4
G2. 1
46.6
45.2
30.9
69.1
55.9
56.4
39.5
65.8
»• 51. 4
60.5
30, 472
37, 328
22, 729
27, 420
2, 215 |
2. 574
5,528
7,334
36. 111
27. 421
2, 967
5, 883
28. 706
23.417
1,991
3,298
22, 402
261, 796
91,604
170,192
22, 323
299,847
143, 647
156,200
3,749
15,494
72, 684
3,242
15, 420
77, 769
17,136
29,371
118,303
17, 756
31,008
116,588
18,831
354,098
225,095
129,003
20.5
41.2 |
' 28. J
60.5
40. 8
60. 1
I
27,159
21,362
1,591
4, 206
30, 890
21, 623
1,247
8,020
29, 696
20,052
2, 111
7, 533
245,062 | 302,215 | 190,327
18,552
11.406 I
1,094 !
6,052
24, 182
15, 995
1,721
6,466
191,977 j 270,928 I 179,836 j 211,816 ! 282,296
35
28
2
4
432
275
862
295
252,763 ! 352,852
35,814
37.221
28.769 i 27,028
2,922 i 3,720
4. 123 i 6,473
397,253 j 3>i-S. 252
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
----thous. sq. yd..
Roads
do
Streets and alleys
.
do
Status of highway and grade crossing projects
administered by the Public Roads Administration, Federal Works Agency:
Highways:
Approved for construction:
Mileage
no. of miles..
Federal funds
thous. of doL.
Under construction:
Mileage
Federal funds
Estimated cost
f
no. of miles..
thous. of dol..
.
dol._.
5. 960
3, 673
2, 287
2, 655
1,067
1,588
3,718
2,491
1,228
4 951
3, 260
1, 691
2 597
1, 730
867
3 122
2, 297
825
2 486
1 827
659
4, 058
3, 170
888
3, 030
32, 356
2,824
30, 750
3,100
35,315
3,528
40,132
3,880
45,616 j
4,264
46,677
4,782
47, 619
4,633
46, 922
8, 906
127, 250
256, 691
7,473
110,543
222, 062
6,746
101,855
205,183
5,984
91, 429
184, 441
5, 966
92, 864
185,954
6,347
98, 452
196,974
7,306
106,063
211,630
5,837
90, 220
180, 686
7,537
5.496
2,041
4,645 I
50,515 i
8,388
115,864
230, 819
6,288
4,575
1,713
5,227 |
3.406 I
1,821
6,416
4,049
2,368
4,744
3, 170
1,574
4,731
50, 724
4,034
43, 925
3.902
41,210
3,578
37, 242
8,915
121,248
242,425
9, 612
126, 761
253, 523
9, 439
128, 737
257, 567
9,390
131,614
264, 589
Revised.
» Preliminary.
• Obtained by applying to the index for the preceding month the percentage change in the purchasing power of the retail food dollar computed on a 1935-39 base.
§Data for November 1939 and February, May, August, and October 1940 are for 5 weeks; other months, 4 weeks.
•New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18, of the May 1940 Survey.
23
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
ber
1940 Supplement to the Survey
1940
January
February
March
April
May
June
July
SepAugust tember
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION—Con.
Status of highway and grade crossing proj. administered by the Pub. Rds. Adm.—Con.
Grade crossings:
Approved for construction:
Federal funds
-thous. of dol_.
Estimated cost
do
Under construction:
Federal funds
...do
Estimated cost...
do
9, 473
9,855
10,283
10,909
10,180
11,060
11, 428
11,986
12,447
13,075
12,617
13,193
12,133
12,908
9,810
10,420
10,328
11,394
10,119
11,094
9,779
10, 214
35, 831
37, 226
35,435
37,190
35,112
36,577
30, 528
32, 258
30, 410
32,077
31,167
32, 775
31,787
33,272
34,525
35,819
36,458
37,751
37,013
38, 239
35,975
" 37, 543
193
194
208
198
227
191
214
203
190
221
186
210
203
190
221
186
210
203
191
221
185
210
203
192
221
184
211
203
191
221
184
211
202
189
221
183
210
203
190
221
183
210
202
191
220
184
208
202
191
220
184
208
206
195
225
190
212
188
188
188
188
187
187
187
98.0
132. 9
115.5
120.2
94.9
130.9
117.9
118.7
95.3
131.4
118.2
119.0
96.0
131.1
118.0
118.9
96.0
131.1
118.0
118.9
96.0
131.0
118.0
118.8
96.5
131.3
118.0
119.0
96.6
131.9
117.1
118.9
99.1
135. 8
118.6
120. 7
97.2
133.7
122.5
119.8
97.5
134.0
122.8
120.0
98.2
133.7
122.7
119.9
98.2
133. 7
122.7
119.9
98.1
133.7
122. 7
119.9
98.1
134.0
122.7
120.0
98.7
132. 2
114.8
120. 5
93.3
130.6
118.0
118.7
93.8
131.0
118.4
118.9
96.8
130.4
118.1
118.7
96.9
130.4
118.1
118.7
96.8
130.3
118.1
118.6
96. 2
127.8
107. 8
117.6
86.8
124.3
106.1
110.9
88.1
125. 5
107.0
111.1
88.3
125.1
105. 8
110.4
88.4
125.1
105.8
110.5
95. 6
120.7
103.1
116.6
83.7
123.3
100. 5
107.9
85.3
124.8
101.6
108.1
85.5
124. 5
100. 2
107.2
247. 2
238.2
238.2
108. 7
106. 5
113.3
106.1
103.6
111.1
74,216
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914 = 100..
American Appraisal Co.:f
Average, 30 cities
1913 = 100..
Atlanta
do
New York
do
San Francisco
...do
St. Louis
.
do
Associated General Contractors (all types)
1913=100..
E. H. Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29 = 100..
New York
do
San Francisco
do
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
do
New York
...do
San Francisco.---.
._do
St. Louis.do
Brick and steel:
A tlanta
.
do
New York
do
San Francisco
do
St. Louis
do.._.
Residences:
Brick:
Atlanta
do
New York
.do
San Francisco
do
St. Louis
..do
Frame:
Atlanta
do
New York
do
San Francisco
do
St. Louis
do
Engineering News Record (all types) §
1913=100..
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index,...
1936= 100..
Materials
.
.
do
Labor
do
191
191
188
188
389
96.7
131.9
117.2
118.9
96.5
132.1
114.5
118.8
96.6
132.3
114.9
118. 8
96.8
132. 6
115.1
119.0
97.3
132. 8
115.3
119.4
98.2
134.6
121.9
119.9
134.6
121.9
120.4
98.2
135.5
117.8
120.3
98.2
135. 5
118.2
120.3
98.4
135. 7
118.3
120.4
98.7
135. 8
118.4
120.6
130.6
118.1
118.8
97.0
131.3
115.2
118.7
97.1
131.3
115.3
119.1
96.9
131.1
113.1
118.9
96.8
131.2
114.0
118.9
97.1
131. 7
114.3
119.2
97.8
131.9
114.6
119.7
88.1
124.4
105.8
109.8
88.5
124.8
105. 8
110.9
89.4
125.9
105.8
110.4
89.5
125.9
106. 2
110.8
125.4
104.3
110.1
88.5
124.4
104.4
110.1
89. 6
126.1
105. 8
111.2
92.3
127. 2
107.0
113.3
85.7
124.5
100.2
107.4
85.3
123.6
100.2
106. 5
85.7
123.9
100.2
107.9
124.4
100.2
107.2
87.0
124.4
100.5
107.8
86.1
123.6
98.6
106.9
85.7
122.3
98.8
106. 9
87.2
124.5
100.8
108.3
125. 9
102.2
111.0
238.3
238.3
238.3
238.3
238.9
241.6
242. 2
242. 2
244.1
245.0
106. 5
104.4
110.8
106. 6
104.5
110.6
106. 4
104.4
110.2
106.5
104.5
110.3
106. 4
104.5
110.3
106.2
104.3
110.0
106.2
104.4
109. 9
106. 2
104. 4
309.7
106.0
104.3
109. 5
106. 2
104. 4
109. 7
107.0
105.0
111.0
65,013
53, 200
48,831
44, 980
63, 602
76, 874
79, 930
84, 357
88, 074
89,379
84,089
9a 6
REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance
thous. of dol. 92, 083
Premium-paying mortgages (cumulative)
thous. of dol . 2,559,984
Estimated new mortgage loans by all savings
and loan associations:
Total loans
thous. of dol. .
Classified according to purpose:
I
Mortgage loans on homes:
41,610
Construction....
do
Home purchase
do \ 40,771
Refinancing
do ! 16, 840
5, 756
Repairs and reconditioning
do
9, 423
Loans for all other purposes
do
Classified according to type of association:
Federal
thous. of dol... 48. 307
46, 224
State members
do
19,869
Nonmem bers
do
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Associations, estimated total mortgages outstanding
thous. of doL- 1,515,392
Federal Home Loan Banks, outstanding advances to member institutions
thous. of dol.. 181,526
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of doL . 1,980,704
Foreclosures:
111
Nonfarm real estate
.
1926=100..
Metropolitan communities
do
106
Fire losses
thous. of doL.
1,837,923 1,905,071 1,969,862 2,034,920 2,086,518
,132,701 2,180,413 1,233,991 2,288,348 2,348,663 2,41.1,632 2,479,964
93, 297
86, 076
83,112
66, 944
71, 522
90, 368
108,001
114, 542
106, 984
114,301
117,622
29, 255
33, 383
15, 835
5, 784
9,040
26, 607
30, 434
15, 445
4,720
8,870
26, 923
27, 779
15,001
4, 335
9,074
19,488
22, 039
13, 999
3, 455
7, 963
20,152
25, 389
14, 590
3. 437
7, 954
26,711
32,168
16, 769
4, 657
10, 063
33, 764
37, 821
20, 859
6,097
9,460
36, 956
42, 049
18, 034
6,896
10, 607
35, 523
38, 402
17,147
5, 691
10, 221
39.907
40,658
17,649
6,115
9,972
42, 488
40, 567
17, 702
0, 079
10, 726
39,417
40, 947
15, 483
0, 283
9, 045
37, 854
37, 847
17, 596
34, 785
34, 671
16. 620
34,053
33, 209
15, 850
28,008
25, 737
13,199
29, 786
28,941
12, 795
38, 241
36, 484
15, 643
46, 577
43,015
18,409
49, 287
45,803
19,452
47, 435
42, 214
17,335
48, 676
45, 414
20, 211
50, 305
46, 807
20, 510
40, 480
45, 988
19,307
,231,685 1,252,559 1,271,161 j1,280,200 1,296,464 1,317,975 1,348,072 1,376,700 1,405,100 1,432,100 1,401,867 1,487,974
168, 654
168,822
181,313
156, 788
144,515
137, 642
133,811
137, 509
157, 397
162, 222
168, 402
i
2,049,421 2,043,288 2,038,186 2,031,341 2,026,614 2,021,951 2,020,572 2,017,395 2,012,760 2,004,737 1,990,443 i 1,987,011
131
120
24, 301
136
129
27, 248
126
121
27, 959
114
108
36,261
103
99
34,410
112
104
29, 789
113
108
26, 657
126
119
23, 447
116
108
19,506
111
108
20, 323
108
105
n
in
106
20,722 ! 21,198
'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.
tRevised series. Revised indexes beginning 1913 are available in table 44, p. 13 of the November 1940 Survey.
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references to the sources of the data, may be found in the October
NovemDecemOctober
ber
1940 Supplement to the Survey
ber
December 1940
1940
January
February
March ! April
May ! June
August !I Septembor
July
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes (witb adjustment for seasonal variations):
Combined index...
___-._ 1928-32= 100.
Farm papers
do...
Magazines
_
_.
do...
Newspapers
do...
Outdoor
_____
_ do__.
Radio
do._.
Radio advertising:
Cost of facilities, total
.thous. of dol.
Automobiles and accessories
do._.
Clothing
. . . . . do...
Electric household equipment
do.__
Financial
...
do
Foods, food beverages, confections d o . . .
House furnishings, etc
do._.
Soap, cleansers, etc...
_..._.
do...
Office furctehings and supplies
do...
Smoking materials
do._.
Toilet goods, medical supplies
do...
All other...
do__.
Magazine advertising:
Cost, total
.
__do.__
Automobiles and accessories
do...
Clothing
do...
Electric household equipment
do...
Financial
..do...
Foods, food beverages, confections d o . . .
House furnishings, etc
do...
Soap, cleansers, etc
.....do...
Office furnishings and supplies.
do__.
Smoking materials
_.do._.
Toilet goods, medical supplies
do...
All other
.
do...
Linage, total..
..thous. of lines.
Newspaper advertising:
Linage, total (52cities)
.
do...
Classified
.......do...
Display, total
do...
Automotive.....
do...
Financial
_do...
General
do...
Retail
do...
I
356. 2
82.8
65.8
78.1
77.7
75.8
298.4
84.0
69.3
82.0
79.9
60.6
312.6
89.4
70.9
80.4
84.3
88.3
318.5
79.4
57.8
74.8
73.4 ,
78.9
325. 6
82.7
60.7
80.0
77.1
77.2
306.2
85.3
59.0
81.8
79.9
83.6
2S9.4
84.7
66.4
83.0
78.1
87.2
290.8
89.3
69.1
85.1
83.2
86.2
325. 2
84.6 I
62.5 i
85.8 j
76.9
82.0
358. 4
84.1
58.5
88.4
74.6
86.4
416.5
8.014
8,036
641
34
0
98
2,729
45
925
0
1.153
2, 163
247
8,127
636
41
0
92
2.769
49
915
0
1, 134
2,225
265
8,299
683
30
0
85
2,740
50
942
0
1,219
2,328
221
7,800
634
32
0
59
2.663
87
902
0
1.119
2, 084
220
8,208
670
45
0
62
2.737
89
931
0
1, 190
2,210
274
7,728
722
33
0
74
?, 389
80
912
0
1,190
2, 126
201
7,928
728
56
0
92
2, 383
90
963
0
1,283
2.109
224
7,086 S
680 i
54 !
7,137
498
35
0
94
2,095
87
977
14,925
2.312
1,136
392
414
2, 206
1,086
403
204
665
2, 422
3, 685
2,378
13, 821
2, 159
755
337
400
,103
12, 262
1,300
555
406
318
1,771
874
382
203
704
681
269
303
647
2,474
3,429
2, 255
2, 219
3, 794
1,711
8.274
1, 318
271
8S
376
1,271
255
217
119
620
1,422
2, 317
1,973
12,314
1,616
596
239
365
2,129
475
478
166
598
2,396
3. 256
2. 343
119,612
22, 393
97,220
6.436
1,767
19, 824
69, 192
113, 457
20,194
93, 264
4. 537
1.376
IS, 470
68, 880
118,103
20. 246
97, 857
3,482 i
1,637 '
14,183
78, 555
88, 033
19,075
68, 958
3, 854
2, 278
12,433
50, 393
93. 240
19, 295
73,945
4,224
1,494
15. 740
52, 487
73.9 I
72.3
16, 261 ' 17, 312
2,986
2. 4S3
1,022
1,095
747
585
458
481
2,477
2, 285
730
1,130
497
468
263
192
824 ;
663
2,723 ! 2, 579
4, 124 ' r 4, 759
2, 779
2, 725
114, 255
22, 945
91, 309
5, 620
1.799
17, 645
66, 246
o !
81 I
2,039 i
85 I
846 |
0!
1,157 I
1,926 |
87.4 ;
63 0 >
79.9 I
80 4
89.4
410.3
I
!
1,193
2.002
218 I
j
16,454 ]
2,744 |
923 i
842 |
441 |
2,213 I
1,134 i
514 !
235 j
702 |
2,327 !
4.378 !
2,430 |
111.989 119,883
23, 936
23, 083
95, 948
88, 906
7,812
7,007
1, 477
1, 838
19, 427
17, 824
67, 231
62, 237
0
I
|
i
i
|
j
'158 I
39«
6,842
489
33 !
0i
90 i
1,889 :
79 ;
907 !
0j
1.224 !
1,897 I
235 j
10,797 I 10,005 ! r
1,439 !
1,215 I
231 !
493 j
261 j
149 I
343 !
2S3 ;
2,138 I
2,004 i
304 !
'235 I
413 j
' 382
80 S
1S8 !
762 I
098 !
2 i r
1,969 i
1,709 j
2,857 l
2,050 !
1,706 |
1,888 \
15,648 I
2,415 I
804 I
657 j
504 i
2,391 I
826 •
546 i
150 !
863 !
2,422 |
4,069 .'
2,014 i
84,440 !
21,194 j
63,246
3,628
1,827
13,043
44, 748
103,290 !
23,216 I
80,074 !
5,639
1,485
17,069
55,880
92.041 i
21.964 i
70,077 !
3,G19 !
1,196 I
14, 5
12,040
53,210 i hi 4
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses,
percent of total..
70.4
72.3
71.7 !
73.0
72.1
72.2 !
7i.7 ;
71.0 |
NEW INCORPORATIONS
Business incorporations (4 States)
number.,
1,632
1, 901
2,361
1, 966
1,998
2, 250
2,087
1,619
1,473 j 1,771
1, 535
1, 500
1.682
1,628
1,683
.1,597
4, 554
41, 190
4,702
41, 876
4,246
39, 065
4,664
42, 937
4, 503
41, 548
4,309 |
40,028 I
4,151
38,218
4, 226
40, 144
4,134
39, 472
3,901
39,041
14, 385
108, 449
1,773
15, 285
111,851
3,926
13, 608
100, 455
1,604
12, 945
95,124
1,467
14, 373
106,197
1,775
13, 624
100, 793
1,450
13,928
103,120
1,430 j
13,138
97,435
1,362
13,106
100,955
1,519
13,106
102,390
1,494
.2.469
99, 008
1,248
32, 446
3,658
42.938
5,117
30, 380
3,791
29. 737
3,665
32, 657
3,993
31,615
3,923
32,265 j
3,786 !
28,668 !
3,451 j
27, 626
3,565
28, 974
3,568
30,325
3. 572
96.5
93.7
107.9
102.8
110.8
108.5
95.6
125. 8
133.9
130. 8
145.1
112.5
131. 1
104.1
143.5
122.7 i
118.3
119.5
113. 3
125.0
117.0
132.0
120.0
142.0
113.5
120. 0
114.0
119.0
115.0
128. 0 I
115.0
122.0
117.0
123.0
119.0 |
120.0
119.0
132.0
122.8
134.0
121.0
137. 0
106.9
106.4
109.0
109.0
112.1
108.8
105. 4
108.7
112.1
111.5
112.0 i
110.9 |
113.2 114.0
109.9 112.3 I
112.8 I 109.9
111.1 | 112.0
110.0
114.6
110. 1
112.4
98.2
96.7 !
101. 2
102. 3
136. 1
101. 5
100. 3
102. 2
102. 7
96.6
99.9
98.7 I
102.1 I
98.5 i
104.8 !
104.4 j
106.2 '
109.9
106.9
209. 4
104. 7
76.1
83.5
99.3
104. 0
105. 3
105. 4
92.1
103.2
101.7 |
105.2 j
3,846
151
3,279
151
3,751
151 ;
12,206
675
10, 498
675
11,815
675
11,643 |
676 I
1,787 |
1,850
1,710
POSTAL BUSINESS
Air mail: Pound-mile performance
millions-Money orders:
Domestic, issued (50 cities):
Number
thousands-.
Value
thous. of dol..
Domestic, paid (50 cities):
Number
thousands..
Value
.
thous. of doL.
Foreign, issued—value
do
Receipts, postal:
50 selected cities
do
50 industrial cities
do
1,509 ;
4,150
4, 288
9, 723 | 38
38,553
553
RETAIL TRADE
Automobiles, value of new passenger-car sales:
Unadjusted
1929-31 = 100__
Adjusted
do
Chain-store sales, indexes:
Chain-Store Age, combined index (20 chains)
av. same m o n t h 1929-31 = 100...
Apparel chains
do
Grocery chain-store sales:
Unadjusted
...1929-31 = 100..
Adjusted
do
D r u g chain-store sales:*
Unadjusted
.
1935-39 = 100..
Adjusted
do....
Variety-store sales, combined sales, 7 chains :f
Unadjusted.
.
..1935-39=100..
Adjusted
do
Chain-store sales a n d stores operated:
Variety chains:
H . L. Green Co., Inc.rf
Sales
t h o u s . of d o l . .
Stores operated
n u m b e r . . ..
S. S. Kresge Co.:
Sales
.
t h o u s . of d o L .
Stores operated
.
number..
S. H . Kress & Co.:
Sales
thous. of d o l . .
Stores operated
number..
M c C r o r y Stores Corp.:
Sales
thous. of d o l . .
Stores operated
number..
r
96.1
95.5
98.7
3,992
150
3,766
151
4,001
151
7,821
151
2,785 j
151 I
2,774
151
12 620
682
11,938 I
682 !
12,356
685
24, 406
9,543
675 !
240 I
3, 768
202
7,295
240 |
15, 232
240
9,042 I
675 i
I
5,300 |
240 j
3,622 j
201 I
7,655
200
2,767 I
201 !
99.4
103.8
70. 9 ; - 07.
120.0 I MIS.
r
102. 2 |
107.6 l
r
99. 5 i
97.6
104.4 | 106. 5
95.8
109.2
' 103. 9
r 108. 1
3,784 !
151 I
3,657
3,334 j
151
10,458
677
98. <}
102. 7
151 j
11,757 I
678 I
5,603
239
6,897 I
239
6,401
239
239
6,310
239 ;
6,514 |
239
6,691 ' 6,839
239
239 I
201
202 !
3,246
203
3,507
203
3,611 !
203 j
3,334 i
203 j
3,626 |
202 I
3, 377
' 202
Revised.
" Preliminary.
fRevised series. Revised indexes of variety store sales beginning 1929 appear in table 30, p. 10, of the August 1940 Survey. H. L. Green Co. data revised beginning
February 1939; for an explanation of the revision and revised data beginning May 1939, see p. 24 of the September 1940 SURVEY; revised sales February-April 1939 follow:
Feb. 2, 610; Mar. 3, 292; Apr. 3, 795.
*New series. For data beginning July 1934, see table 1, p. 11 of the November 1940 Survey.
SURVEY OF CURRENT BUSINESS
December 1940
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
1940
October
1940
vein-, DecemOctober Nober
I ber
April j May
July
August
DOMESTIC TRADE—Continued
RETAIL TEADE—Continued
Chain store sales and stores operated—Con.
Variety chains—Con.
G. C. Murphy Co.:
Sales
thous. of dol. _
Stores operated_.
number. _
F. W. Woolworth Co.:
Sale?
thous. of dol._
Stores operated
number-.
Other chains:
\V. T. Grant Co.:
Sales
thous. of dol - _
Stores operated
number
J. C. Penney Co.:
Sales
thous. of dol...
Stores operated
number..
Department stores:
Collections, ratio to accounts receivable:
Instalment accounts
percent-Open accounts
do
Sales, total U. S., unadjusted.-.1923-25= 100..
Atlanta!
1935-39 = 100._
Boston
1923-25 = 100..
Chicago
do
Cleveland
do.....
Dallas
do
Kansas City
1925=100..
Minneapolis
1929-31 = 100
New York
1923-25-100
Philadelphia
.
do....
lv ichrnond
do
St. Louis
do
San Francisco
do. . .
Sales, total U. S., adjusted
do
Atlanta!
-.1935-39=100..
Chie^o
1923-25 = 100..
Cleveland
do
Dallas
- do .
Minneapolis
1929-31 = 100 ._
New York
__
1923-25=100
Philadelphia
do.___
St. Louis
do
San Francisco
do
Instalment sales, New England dept. stores
percent of total sales-.
Stocks, total U. S., end of month:
Unadjusted
1923-25=100,..
Adjusted
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
do
Middle West
do
Far West
.__ do.
Total U. S., adjusted
.
do
East
_ __ _
do
South
do.
Middle West
Far West
do
do
4, 012
202
28, 634
2, 024
10,1
29, 584
1.582
125
90
101
117
108
87
150
101
103
v 9l>
112
92
94
99
4,219
202
8, 163
202
3, 083
202
- 26, 527
2, 018
26, 948
2, 019
52. 333
2, 020
20. 512
2,017
22. 117
2,015
3. 733
495
9,316
494
18, 868
491
5, 931
492
6. 109
492
28, 722
1, 553
28, 215
1, 554
43,216
1, 554
18, 292
1, 554
16, 032
1. 557
21.469
1,560
21, 181
1,562
17.7
47.0
99
'118
85
98
98
116
94
116
104
80
132
96
103
17. 7
48.7
106
125
83
99
107
117
88
97
115
95
131
102
105
95
114
90
100
104
94
97
78
87
100
18.0
44. 5
168
206
140
164
171
195
154
160
172
139
17.0
48.2
71
83
69
75
70
86
67
81
74
52
84
69
80
92
108
94
93
113
102
94
17.9
45.4
86
123
69
92
86
110
87
93
82
69
110
91
95
89
120
94
91
112
90
89
71
92
102
17. S
46. 5
86
104
87
98
17.2
44.6
71
100
53
74
73
91
70
70
69
53
83
73
83
89
115
92
93
107
97
86
70
85
99
11.1
11.9
10. 1
9.5
61
63
68
71
71
70
71
69
4,090
202
90 i
110
89
91
103
97
91 I
69 I
85 '
99
12.4
79
71
133. 857
56. 937
7(i. 920
77
69 i
j
!
!
I
10.4
156
179
96
119
98
100
113
105
95
76
94
104
i
|
!
|
j
6.6
82 |
71
122,191 ! 108, 095
54,945 j 47, 764
67,246 [ 60, 330
64 !
68 j
148, 447
66, 020
82, 427
70, 532
29, 984
40, 548
!
158.4
167. 1
207. 9
138. 3
165. 9
122.0
129.8
140. 3
108.9
138. 2
160.3
155.4
215.4
143.9
166. 5
123.4
120.7
145.4
113.3
138,7
159. 7
167. 0
208. 2
142. 8
164. 7
122. 7
129. 5
151. 6
108. 9
135. 8
211.7
229 2
236! 4
190.1
242.8
132. 4
137.7
157.4
121.9
148.8
102. 3
99. 2
120.7
96.6
108.4
134.5
130. 6
152.6 |
126.3 !
147.5 !
3, 134
202 !
23, 774
2.014
8, 101
' 492
!
j
j
I
!
|
i
!
4, 398
202
3, 966
202
4, 370
202
3, 923
202
26. 067
2,015
26, 020
2,015
24,507
2,013
26, 828
2,014
25.197
2,021
8.911
492
7, 698
492
23. 599
1,562
24, 737
1,568
20.882
1, 568
24, 492
1, 575
24,791
1,578
17. 3
46.8
89
114
74
93
94
105
86
100
85
71
120
88
95
87
115
10. 5
45. 9
87
98
16.4
45. 4
64
81
51
65
10. 9
44. 1
16.7
42.4
105
1.32
7, 620 j
492
i, 787
492
91
90
99
85
100
83
65
105
90
90
89
111
92
88
103
101
90
69
92
96
"I
n\
105
119.9 :
120.0 I
|
!
|
'
j
j
I
115.3
115.2
134.4
105.1
127.0
125.4
120.8
152.5
112.5
142.2
92
93
90
76
97
89
73
112
82
88
91
115
94
95
102
97
76
66
73
67
50
83
66
83
91
IIS
92
92
108
J03
ioo !
88
99
9.6
70 |
68 j
89, 741
102, 228
38.842 ! 45,856
50,899 | 56,372
151.6
110.9
120.2
136.6
133.6
167.9
125.1
146.0
4,300
203
203 |
27. 545
2. 016
71,366 I
30,530 I
40,836 j
107.0
106.0
136.9
96.8
114.8
132.3
129.6
150.1
121.8
155.1
4, 069
202
|
!
|
!
i
|
!
107
62
86
84
94
86
101
76
00
104
78
98
99
i 23
107
101
1 i5
101
SO
104
104
8, 276
493
'SO
104
107
127
91
106
' 108
79
' 128
106
103
1*9
122
r
100
102
115
95
' 104
79
99
100
11.2
7.5
111,883 i 106,417
45,905 ! 43.104
65, 978
63, 313
:
8. 750
' 493
61
68
60
69
'73
70
88,565
37,213
51, 352
101,512
42, (592
58, 820
111,622
45, 972
05, 650
] 19. 4
120. 4
121.2
110.2
150. 5
146.0
151. 1
168. 1
.133. 6
163.4
135. 1
136.7
163.8
122. 8
126. 3
135. 8
114.0
138.4
133. 8
137.3
160.1
120. 4
153. 9
125.5
133.1
132. 6
116.4
146.7
137.7
145. 0
164. 9
123. 3
153. 9
99.1
96. 7
99. 6
97.3
99. 7
95. 9
103.8
99. 8
107
105
101. 9
103.7
106.2
110.7
' 11?
122. 1
r
95. 8
123
r 10C
96. 4
95. 7
102. 6
88. 1
121.9
13:2.1 i
134.4 I
151.1
119.4
148.6 !
] 27. 8
139. 0
148. 4
114.9
139. 7
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (U. S. Department of
101.5
101.5
103.7
100. 9
99.7
104.2
109 9
103. 9
Labor)!
1923-25= 100..
109. 7
96.2
98.3
97.6
96.7
96. 6
96.2
100.2
Durable goods t
do
Iron and steel and their products, not in106. 7
103.5
101.7
111.4
108.3
106.8
117.1
111.1
cluding machinery
_. 1923-25= 100..
Blast furnaces, steel works, and rolling
120.9
117.4
115. 1
111.5
108. 4
121.8
123. 3
125. 3
mills
1923-25=100..
101. 3
98.8
98. 1
305. 5
103. 5
99.7
106. 4
105.6
Hard ware
do
Structural and ornamental metal work
73.4
70.3
76.0
75.4
70. 0
76.3
71.6
85. 3
1923-25=100-.
93.7
94. 8
95. 4
105. 7
93. 6
92.7
101.9
100. 6
Tin cans and other tinware
do
72,4
67.3
66. 8
66. 9
73.0
66. 7
71. 1
74.4
Lumber and allied products
do
94.6
94.8
90. 3
89.0
88.7
86. 4
97. 1
96.8
Furniture
_ .. __ _ _.
do
59. 1
59. 5
66 5
65. 5
65. 5 j
63.3
59. 5
60. 3 j
Lumber, sawmills
do
66,5
65.5
65.5
63.3
59.5
59.1
59.5
60.3
112.4
106. 6
27. 0
111.0
113. 1
113.1
113. 6 I
113.1
Machinery, excl. transp. equip
do
127.0
106.6
111.0!
113.1
112.4
113.1
113.11
113.6
Agricultural implements (including trac135. 2
141.1
141. 4
130. 9
143. 6
124. 6
117.8
34.7
tors)
1923-25= 100. .
Electrical machinery, apparatus, and
102. 6
101.7
101. 6
101. 5
100.4
97.3
101. 7
115. 9
supplies
1923-25= 100_.
Engines, turbines, water wheels, and
140.2
125.3
134.5
!)(;. 6
133.0
105. 2
119.8
109. 8
windmills
1923-25= 100 .
Foundry and machine-shop products
97.2
97.2
97.2
on.:;
91.2
97.2
97.6
95. 4
1923-25=100
192. 2
204.8
216. 3
183.9
170. 6
196.8
211.0
?5.H. 0
Machine tools*
do-._.|
162. 3
136. 4
126.3
128. 3
176.5
179, 7
121. 7
f>3. 5
Radios and phonographs
do I
107.2
112.9
107.1
109. 8
110.4
105. 6
26. 3
113.5
Metals, nonferrous, and products
do j
137.4
125.8
128. 3
128.7
54. S
137.7
135. 7
131.1
Brass, bronze, and copper products.do
!
' Revised.
* Preliminary.
f Revised series. For revised index of department store sales in Atlanta district beginning 1919, see table 53, p. 16 of t his issue.
ning January 1939; see (able 57. p. 17 of this issue.
'•New series. For data beginning 1923, see table 39, p. 15 of the October 1910 SUKVJKY.
276042-40
~4
109.1
95. 9
114. 3
81.6
119.0
82.9
71. 1
95. 6
68. 0
87. 3
61. 9
61.9
113! 9
113.9
73. 5
102. 8
68. 3
88.1
61.9
61.9
115.1
115.1
76.0
105. 9
OS. 2
S7.7
61.5
61.5
116. 1
116.1
r
8;
79. 9
JOS. 1
' lOf
r 7:-}
7.1. 3
\n. i
M)4
r
f»4. 9
6i 3
64.!*
»•<;<;.
119.2
123
119.2 ''123.1
339.6
137. 3
130.6
131.2
13o
101. 9
103.3
103.8
J06. 6
r 111
148. 9
158.1
167. 5
' 174.8
' 182
96. 5
221.1
136.5
105. 3
125.5
96.9
229.1
141.0
106. 6
127.1
98. 0
' 234. 8
143.4
r
107. 0
' 1 29. 6
100.5
237. 5
157.1
113.8
' 138. 2
' 103
' 248
' 15l*
Ml!
' 146
!
i
Indicated employment series revised begin-
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
October
1940 Supplement to the Survey
December 1940
1940
1939
j Novem-! Decem- j JanuOctober I ber
ber j ary
February
March I April
June
July
August
September
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, unadj. (U. S. Dept. of Labor)-—Con.
Durable goods—Continued.
Stone, clay, and glass prod . ..1923-25=100..
87. 4
Brick, tile, and terra cotta
do
04. 7
113.5
Glass
do
138. 5
Transportation equipment!
do
. 160. 3
Aircraft*
do
123.0
A utomo biles
do
195.8
Ship bu i 1 d in g * _ _ _.
do
110.1
Nondurable goods
do
Chemical, petroleum, and coal products
1923-25 = 100,,
125.0
Chemicals do
145. fi
Paints and varnishes
do
125.0
Petroleum refining
do
120. 0
Rayon and allied products
do
311.6
Food and kindred products
.do
140. 9
Baking
do
145. 8
Slaughtering and meat packing
do
109. 3
Leather and its manufactures
do
90. 0
Boots and shoes
do
88.3
Paper and printing
do
117.0
Paper and pulp
do
115.0
Rubber products
do
92. 6
Rubber tires and inner tubes
do
74.7
Textiles and their products!
do
104. 0
Fabrics!
do
90. 2
Wearing appare 1
do
119.0
Tobacco manufactures
do
66. o
Factory, adjusted (Federal Reserve)!
do
107.5
Durable goods!
do
108.2
Iron and steel and their products, not
including machinery
1923-25= 100._
116. 0
Blast furnaces, steel works, and rolling
mills
1923-25 = 100,.
Hardware
do
105
Structural and ornamental metal work
84
1923-25=100..
Tin cans and other tinware
do
99
Lumber and allied products
do
71.3
Furniture
do
91
Lumber, sawmills
do
64
Machinery, excl. trans p. equip
do
126.4
Agricultural implements (including tractors)
1923-25=100...
143
Electrical machinery, apparatus, and
supplies
1923-25=100
115
Engines, turbines, water wheels, and
windmills
1923-25= 100..
195
Foundry and machine-shop products
1923-25=100.,
106
M ach i n e tools *
do
Radios and phonographs
do
257
Metals, nonferrous. and products
do
134
Brass, bronze, and copper products,do
122.4
Stone, clay, and glass products
do
153
Brick, tile, and terra cotta
do
84.6
Glass.
.'
do
61
U2
Transportation equipment""
do
139. 1
Aircraft*
do
4. 289
Automobiles
do _.
124
Shipbuilding*
...
do ___
194
Nondurable goods
1923-25= 100..
1015.9
Chemical, petroleum, and coal products
122.7
1923-25== 100..
143
Chemicals
do
125
Paints and varnishes
__._do
120
Petroleum refining
do.--.
Rayon and allied products
do
129. 7
Food and kindred products
do
144
Baking
do
109
Slaughtering and meat packing
do
01.
1.
Leather and its manufactures
.__.do
90
Boots and shoos
do
Paper and printing
do
115
Paper and pulp
do
Rubber products...
.
do
Rubber tires and inner tubes
do
Textiles and their products* . .
, do
do
Fabrics!
*
do
Wearing apparel
•lo
Tobacco manufactures.. ._
Factory, unadjusted, by States an<'
State:
UV.K '.)
Delaware .
,
192'? ?5 I on
>' \Y>. 1
Tllinois
,,
19'J'i 27 --1 on
Iowa.
,
l"J'i 1T.-1MM
Maryland
Massachusetts
New Jersey
New York
Ohio
Pennsylvania.
Wisconsin
City or industrial area:
Baltimore..
Chicago..- .
Cleveland
19L>«> 31 - 1 on
1925 27 -M0
1923 2" -- MO
1925 27=--inn
1926 = inn
1923-2"= inn
_.192~ 27 =-100 ...1920-31 =-M0 .
1921-27--100
1923-25-100
113.1
Sl.!»
11li.fi
99.
J03.
03.
101.
7
5
8
7
75.5
77.7
52.9
54.4
102.5
106.2
116.1
118.5
, 302. 6 2, 379. 4
113. 1
114.4
142.7
150.7
106.1
105.1
r
84.5
85. 8
82.4
82.9
64. 4
64.1
r 64. 7
63. 1
r
109.3
106.9
104. 9
'103.3
104.9
114.3
99. 7
:, 913. 5 3 , 1 . 4 6 . 6 3, 47*. f, 3.701; :i
T
85. 4 I ' 1 I 1. S
1(14.9
82.3
162.8
' 1 7 0 . 2 r 181. 1 [
101.7
107. 6
103.3
84.8
64.8
106.9
106. 1
703. 5
107.8
133.6
110.8
85.5
64.7
109.3
103. 9
1,931.5
102.3
132. 9
109.2
83.6
62.6
108.5
117.6
2, 100.0
118.1
139.4
108.0
77.7
57.0
105.6
116. 7
', 274. 6
115.8
137.5
105. 3
122. 3
133.6
125.1
122.7
310.2
137.7
148.0
102.7
96.2
94.1
116.5
113.6
92.4
73.6
108.0
98.6
124.7
66. 7
101.2
94.7
122.6
137. 7
125. 1
123.7
313.4
129. 8
146. 5
107.9
91.9
89.0
117.5
115. 2
93.9
74. 5
107.7
100.7
118.7
66.4
103.4
97. 4
122.3
137.6
124.2
122.3
312. 2
126. 0
144.8
112. 1
93.2
90.8
118.5
115. 1
93.0
74.7
105.6
98. 5
116.9
65.8
104.6
100. 1
121.0
135. 8
123.5
121. 6
313.5
119.5
141.4
111.8
97.4
95.8
115. 1
114.1
90.0
73.6
103.5
95.9
116.1
59.0
104 0
99. 9
121.0
136.1
123. 2
120.9
313.3
118.8
142. 3
108. 6
99.3
98.3
114.6
113.0
88.0
73.0
105. 5
95.5
123.7
61.7
102. 2
97. 6
122.8
135.6
123. 5
121.3
309.0
118.8
143.1
107.4
98.2
97.7
114.4
112.6
87. 2
72.3
102. 9
90.7
126. 6
63.6
100. 6
96. 1
123.4
135.2
124.4
121.1
305.8
119.7
142.5
103.6
94.2
93.1
113.8
112.0
84.7
69.7
98.8
88.3
118.6
63.8
99. 3
95. 2
120.8
136.2
125. 9
121.8
304.3
121.7
144.8
105. 7
86.8
84.6
115.0
115.2
83.8
69.0
96.0
87.0
112.2
62 2
99. 3
95. 4
119.0
138.3
126.4
123. 2
306. 0
129.7
147. 0
108.2
86.8
84.8
114. 5
116.2
83.4
68. 5
93.7
85. 7
107.9
64. 9
100. 4
96.4
118. 5
140.4
124. 6
122. 9
306. 9
*- 1 3 5 . 4
147.1
111.1
91.6
90.7
114.7
117.1
83.5
69. 3
94.5
88.0
104. 9
62.4
101.6
97. 8
119. 4
141.6
123.5
122. 7
307. 7
' 145. 8
140. 6
106. 8
92.0
91. 1
115.2
116.9
r
85. 9
70. 5
r
99. 7
90. 4
' 116.7
64. 4
103 8
101.7
105. 9
110.8
112.1
310.4
107.0
102. 7
100. 8
101.2
103.7
107.3
111.1
115
99
122
106
124
106
122
104
117
101
110
107
97
109
95
115
82
120
84
123
99
75
103
69.4
89
63
105.7
76
103
72.2
93
66
110.6
76
100
72.4
75
101
72.0
94
65
75
100
70.0
91
63
71
98
67.2
90
60
71
97
67.9
90
61
73
100
67.4
90
60
75
100
67.5
89
60
7S
98
09 0
90
62
112.9
113.4
113.6
113.4
113.4
114.9
116. 6
131
133
137
133
136
136
133
139
103
103
102
102
101
103
104
107
134
142
152
165
175
125
128
97
100
108
116
91
170
145
107. 0
130
81.9
61
106
106. 4
1, 756
108
132
107.6
95
183
160
110.1
137
85. 0
64
109
102. 3
r 1,951
100
133
109.2
119.9
132
125
122
309
126. 9
146
103
97.4
96
115.0
114
91.2
74
106.0
97. 7
12(14
63. 5
121.3
137
126
123
310
129.6
145
106
99. 1
98
115.7
115
93. 1
75
107. 5
99.7
120.4
63.1
98. 6
86.0
132.4
104.8
82.5 I
10f>.0 I
'90 0 !
95.7
r 90. 2
89.4
Ml 0
7^.5
03.3 '
93
66
124
97
191
153
111.3
138
85.4
65
109
113.7
'2,121
112
139
108,9
121.9
138
126
122
311
131.4
145
108
96.9
96
116.4
115
92. 4
133
134
72
99
68.1
90
61
113.3
80.5
82.0
58.0
60.9
105. 3
104.4
116.9
116.7
, 474.3 2, 676. 4
112.0
109.8
152. 8
158.2
103. 0
101.5
120.0
136
132
97
209
145
106.6
127
80.0
59
105
112.5
r
2, 356
107
148
104.8
88.6
118.8
64.3
97
215
153
105.9
125
79.8
59
104
111.2
* 2. 426
106
148
103. 3
121.1
136
123
122
312
128.8
144
107
91.9
90
114.3
112
83,9
70
96.6
87.8
112. 4
65.0
96
220
155
106.0
124
78.9
58
103
111.6
»• 2, 598
105
154
103.1
122.2
137
121
122
311
129.1
145
107
87.9
86
115.3
115
83. 5
69
96. 3
87.7
111.6
63 2
96. 9
85.4
134. 6
105. 2
78.0
103.7
'91.8
94.3
86.8
90.9
98. 5
84.4
134.9
105.4
76.3
103.1
-89.6
93.1
85.3
90.0
98.9
84.7
136.5
106. 0
74.9
103. 8
'88.7
92.7
84.3
90.4
100.9
85.5 j
1376 |
106.4 |
74.6 |
105.6 |
r
88. 9
94.0
85. 5
92.4 |
102.6
77.0
97.0
102.6 j
77 2 •
197
144
111.7
137
85.8
66
111
114.3
r
2, 298
111
140
107.9
204
144
107.5
128
80.8
61
103
112. 1
r2, 326
107
146
106.6
120. 6
138
124
122
309
130.8
144
109
95.4
94
114.7
113
87.9
73
102 7
93.1
120 0
62.7
120. 0
137
124
123
304
130.3
145
110
93.8
93
114.8
113
86.7
105.8
96 9
121. 6
64. 7
121.4
138
127
122
310
130.7
144
108
97.3
96
115. 5
114
90. 2
74
104.4
95.0
121.3
64.2
98. 2
87.7
137.0
105. 5 j
82.8 I
107.4 j
'•91.5 i
97.0 i
91.7 j
92.1 i
98 4
87.8
140.4
105 8
81.9
106.2
'01.fi 1
97.8
9L4
92.9
97. 1
86.0
136. 2
104.4
80.8
103.4
r
89. 9
95. 6
88.9
91.0
96. 1
85. 9
135.7
104.0
80.7
103. 5
'91. 1
95. 3
88.3
89. 5
101.8
80,3
95. 7
102 6
80.4
94.9
101.3
78.4
94.6
09,' if
j
100.8 !
102.7 1 0 3 . 5 !
78.1 ! 77.6
76.5 !
96.2 i
94.6 i 95.3
97
228
144
108. 2
128
79.8
58
103
111.8
r
2. 829
102
164
104. 1
122.6
138
122
123
315
131.9
146
109
89.6
88
115.7
116
84.2
60
96. 8
88. 0
112.4
65.2
96.9 I
101
247
145
115. 7
140
81.8
60
107
120. 9
--3.479
108
186
238
145
110.7
132
81.5
60
106
110.7
••3, 115
97
175
105. 2
105. 7
122.6
143. 4
' 120. 1
122. 6
r
311.7
r
147.4
' 146. 6
r
108.0
»• 9 0 S
r 59_ 7
r 11 6." 2
r 110. 7
<• 102. 7
r
92 8
05. s
105.2
104.7
123
' 103
81
96
122.
64
4
141
111
181
103
247
13$
r 118.0
r
147
r
83. 0
61
109
130. 0
3,881
' 115
r
1ST
M 0 1 . 7
r
121.3
121.9
122. 2
141
138 i
in '
127
124
120
121
122
122
3
09
308
300
129. 0
«• 1 2 7 . 0
129. 9
146
'
144
140
111 i
109
108
r
90.9 | 89. 1
89. (<
89 I
88
87
116.4 ! 110.4 !
117
117 !
817
80. 9 !
r
69 I
73
71
1 0 0 2 1 101.1
' Ml. 9
91.3 I
110.
|
w.:? ;
S6. '.' '
136. 2
10'iJ) !
87.0 '
99.3 !
n: i
07. 2
'.'5. 0
Ml '>
100. 1
IDs (I
81'. 2
97.
; K».I IMM M ric- ^ K h ! n ^ M O I N won in wl< m d it i for (< \l iW and product^ md fabrics beginning 1933; revisions not shown in t h e M a y 1940 Survey are available upon
[0<>t Of In r i n d " itcfl ompl'>\ mr nt vfiri<r- rc\ i-< d b c j n n i n e : J a n u a r v M39 M C table 57, p . 17 of this issue.
*\c\\
cri(^. I or ' m l ' xos bdrinrnne M23 for nMchrio fools and - h i p b u i l d m e , and index for 1931 through 1938 for aircraft, see table* 39 a n d 40. p p . 15 a n d 10 of the Ortohpr
^ , J 1 V ' \ - f . i r ' U » - ' T i f t i m l p \ p < ; f r e \ i M ' r J > «i,r I ' H ' t " « » l U » .77, r» ' 7 o f t i n - i ^ ' i •.
Monthly statistics through December 1939, together with explanatory notes and references
may be found in the
to the sources of the data, ma
t n r\ r<
l
*. *. _ * T
o__~.
1940
Supplement
to the Surve
A
27
SURVEY OF CURRENT BUSINESS
December 1940
1940
() t
1940
1939
j Novem- DecemOctober
ber
ber
January
February
March j April j May
July
Jane
i A moist
September
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, unadjusted, by States and cities—Con.
City or industrial area—Continued.
Detroit
1923-25 = 100..
Milwaukee
1925-27 = 100 _.
New York .
..._ do _.
Philadelphia
1923-25 = 100-.
Pittsburgh
do
Wilmington
do
Nonmanufacturing, unadjusted (U. S. Department of Labor):
Mining.'
Anthracite
1929=100-.
Bituminous coal
do
Metalliferous
do
Crude petroleum producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and powert
do
Street railways and bussesf
do
Telephone and telegrapht
do
Services:
Dyeing and cleaning
do
Laundries
do.
Year-round hotels
_ _ -do
Trade:
Retail, totalt
do
General merchandising!
do
W holesale
.
do
Miscellaneous employment data:
Construction, Ohio
1926= 100..
Federal and State highways, total. _. n u m b e r . .
Construction (Federal and State)
do
M aintenance (State)
do
Federal civilian employees:
United States .....
do
District of Columbia
do
Railway employees (class I steam railways):
Total
thousands, _
Indexes:
Unadjusted
1923-25 = 100-.
Adjusted
do
LABOR CONDITIONS
Average weekly hours per worker in factories:
Natl. I rid. Con. Bd. (25 industries) ...hours...
U. S. Dept. of Labor (90 industries)
do..-.
Industrial disputes (strikes and lockouts):
Beginning in month
number..
In progress during month
do
Workers involved in strikes:
Beginning in month
thousands...
In progress during month
do
M an-days idle during month
do
Employment security operations (Soc. Sec, Bd.):
Placement activities:
Applications:
Active
file
.
thousands...
New and renewed
do
Pin cements, total
_.
do
Private
do
Unemployment compensation activities:
Continued claims
thousands..
Benefit payments:
Individuals receiving payments §_ .do . .
Amount of payments
thous. of doLLabor turnover in rafg. establishments:
Accession r a t e . . m o . rate per 100 employees-Separation rate, total
do
Discharges
do
Lay-offs
.__.do
Quits and miscellaneous*.
do
PAY ROLLS
Factory, unadjusted (U. S. Department of
Labor) t .1923-25 = 100..
Durable goods!
do
Iron and steel and their products, not including machinery
1923-25 = 100
Blast furnaces, steel works, and rolling
mills
1923-25 = 1001 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
j
Agricultural implements (including trac- j
tors)
1923-25 = 100.. _ j
Electrical machinery, apparatus, and |
supplies
. .1923-25 = 100 _ j
Engines, turbines, water wheels, and I
windmills
1923-25= 100. -1
F o u n d r y and machine-shop products
!
1923-25 = 100-Machine tools*
do
j
Radios and phonographs
do
|
120.2
110. 5
102. 5
93. 5
96.5
93.3
102.4
96.2
97.8
88.1
87.9
86.9
105. 9
102.7
95.9
87.7
92.1
89.6
112.1
104. 0
95.1
86.9
93.4
90.0
104.9
101.6
92.1
85.5
92.0
89.0
110.7
97.2
95.9
86.6
90.0
88.0
110.3
99. 9
98.4
84.7
88.4
88.6
108. 8
99.1
93.7
83.7
86. 1
90.0
102. 6
99. 4
91. 1
82.0
86.2
89.9
96.0
100.0
88.4
83.0
89.6
89.6
64.1
97. 5
86. 2
84.5
91.1
87.5
93. 4
101.4
87. 9
93. 1
88. 8
111.6
105. 5
.101.0
MM. 1
r
94. 0
' 90. 0
49.8
89. 5
72.6
61. 8
48.4
51.9
93.0
65.3
64.3
48.0
51.3
94.9
66.5
63.8
47.1
51.0
92.6
67.3
63.8
44.0
51. 5
91.8
66.4
63.2
37.8
52.0
91.7
66.3
63.0
38.3
52.6
89.7
66.2
63.2
41.0
51.6
86.2
67.7
63.1
44.5
52.2
85.1
69.2
63. 3
46.9
50.2
83.8
70.3
63.8
47.9
50. 8
84. 9
71.0
63. 7
48.1
50. 3
8f>. 6
71. 5
03. 6
48. 5
50. 2
88. 3
72. 6
63. t
49.0
92.2
68. 5
78.9
90.4
69.5
76.5
90.3
69.3
76.1
90.1
69.0
75.8
89.1
68.8
76.1
89.2
68.7
75.9
89.3
68.2
76.0
90.3
68.3
76.7
90.6
68.4
77.3
91.2
68.5
77.8
92.2
68.4
78.8
' 93. 0
ON. 4
r
79. 0
93. 1
08. 4
78. 9
109. 6
100.1
93.1
105.1
96.0
92.9
97.8
95.6
91.8
97.4
95.6
90.8
94.0
96.0
91.3
93.7
95.8
92.1
99.5
96.2
92.0
104. 5
97.2
92.7
108.7
99.1
93.4
112.6
102.1
92.0
108.2
102. 5
90. 3
' 100.7
102. 8
' 'JO. 3
110. 0
101.8
91. I
94.4
103. 6
91.8
91.7
98.9
92.4
93.3
105.9
92.1
104. 2
146.4
92.2
87.7
89.3
90.6
87.0
87.9
90.2
91.1
96.4
90.5
89.8
92. 9
89.3
91.2
95.1
88.9
91.9
96.2
89.6
89.1
90. 3
89.2
47.9
262, 760
133,904
128, 856
44.2
227, 233
112,816
114,417
41.3
185, 661
81, 845
103, 816
31.6
145, 707
42, 960
102, 747
31.1
163, 592
43,267
120, 325
31.2
164, 726
60, 417
104,309
35. 7
205, 164
93, 726
111,438
42.9
258, 162
131,970
126,192
47.6
286,100
152,049
134,051
936, 409
126, 518
934,998
126, 380
987, 857
127, 502
938, 403
127,418
939,015
127, 771
945, 836
128, 643
959,146
129, 677
1,075
r
r
r
92. S
88. 7
' 90. 1
' 90. 1
<)<». 3
49. 4
301,773
105, 528
136, 245
5!. 9
310,0S2
172. 379
137, 703
52. !
303, 225
172. 804
130,92!
977, 990 1,010,519
130, 937 133,854
.023,552
138,453
1,088,876 1,058,59(5
142, 821 145,572
91. 1
1,058
1,029
1,008
1,014
1,006
1,004
1,032
1,055
1,071
1, 081
1, 088
59.1
57.5
58.2
57.8
56. 5
57.9
55. 4
57.7
55.7
57.9
55.2
56.8
55.1
55.6
56.7
56.0
58.0
56.7
58.8
57.4
' 59. 4
57. 9
59. 7
58. 5
39.0
39.1
39.1
38.5
39.1
38.6
38.7
37.4
38.0
37.3
37.7
37.5
37.6
37.2
37.5
37.2
38.0
37.5
38.1
37.3
38. 5
38.4
39. 0
38.8
p 235
^370
205
356
178
317
106
222
r 118
r
212
153
245
r
r
r
r
183
-297
r 192
r
307
•p 228
P340
p 63
v 95
1, 865
107
140
1,508
43
130
1,665
12
37
384
' 470
'59
r 77
'"567
'59
'86
' 692
*63
p 95
v 730
4, 621
1, 391
407
339
5,466
1,329
366
308
5,629
1,415
289
249
5,746
1,290
265
235
6,079
1, 601
221
196
5, 920
1,304
203
184
5, 025
1, 351
243
218
5, 682
1, 515
295
259
5, 724
1,328
350
304
5, 734
1.318
330
288
5, 565
1,401
308
260
'.'5,211
1, 274
331
280
4,914
1. 207
' 353
305
4, 006
3,534
3,820
4,204
6,063
5, 825
5,670
6,614
7,253
6,525
7, 292
T
698
32, 231
502
26,690
637
28, 369
658
30,471
877
40,996
985
44, 328
1,095
47,130
961
42, 286
1,201
54, 879
1,269
53,618
1, 220
55, 741
0. 53
3.23
.19
1. 53
1.51
2.91
.17
1.81
.93
4.10
2.95
.15
1.97
.83
2.84
3.46
.12
2.65
.69
3.74
3. 43
.14
2.98
3. 56
.16
2.67
.73
2.94
3.46
.15
2.53
.78
3.05
3. 66
.13
2.69
.84
3.36
3.78
.13
2.78
.87
4. 76
3. 36
.14
2.32
.90
114.2
121. 7
101. 7
99. 8
101. 7
101.1
103.9
104. 8
98.4
98. 4
97.9
96. 9
9S. 4
97. 8
96. 4
97. 8
98. 1
100. 4
106. 2
100.9
96.5
131. 1
117.4
123.6
109.6
127.3
118.6
129.2
117.0
119.3
108. 9
110.2
100.9
101.8
104. 7
98. 6
104.0
103.
101.
78. 8
112.4
73.7
91.7
65.1
144.9
68.3
111.3
68.7
84.9
61.6
111.0
67.1
105. 4
68.8
86.2
60.8
117.1
67. 2
100.4
65.2
85.5
55. 4
122.1
62. 6
96. 9
58.8
74. 6
51.1
119.1
60.3
93. 0
60. 0
76.8
52. 0
119.3
59. 5
99. 6
61.0
121.5
61.2
101.0
61. 4
74.2
55. 4
121.6
61.
100.
63.
74.
58.
122.
158.3
131.3
140.5
151,5
155. 8
163.8
167.9
166.1
138. 2
105.7
109.6
114.2
139.1
156.6
60.0
58. 4
123. 3
114.7
263. 6
89.5
207.6
169.6
207
' 306
217
'380
r
178
284
35
' 39
43
381
r
5, 881
4,256
1, 125
51, 695
r
875
36, 594
4.77
3.35
.14
2. 25
.96
6. W
3. 00
6.21
3. 22
l! m
1.21
L48
1. 58
96. 8
90. 5
104. 0
105. 5
110.0
114.0
102.8 |
104.3
113.5
r
113.9 |
85.8 I
116. 2
85. 7
124. S
' 128.2
' 112.9
64.8 |
113.5 |
03.6
75. 9
58.1
125.1
67. 6
113.4
60. 7
74. 8
53. V)
125. 7
72. 9
12L9
08. 3
81. S
' 74. 8
' 1 10.8
' 713
r
87. t>
131.'0
r
164.
157. 8
148.0
152.0
150. 2
123. 7
' 131.4
288. 5
' 249.4
97.2
I
111.6
113.8 |
112. 7
114.
118.3
118.1 |
161.8
171.6
175.7 |
183.1
193.
210.7 |
223.8 j
95. 2
258. 5
121.7
94.2
270.7
113.0
95.4
287. 1
116.0
r
r
118.0
137. 9
94.
96.8 | • 101.3 ' 105.4
95.8
' 8)82. 3
307. S | 802. !)
302. 9
2S9.
138.
5 i 149. 8
134.0
126.
r
Revised
*> Preliminary. ^Designation changed from " q u i t " as separations such as deaths, permanent disabilities, retirements on pensions, etc., are included.
^Beginning 1940 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.
fRevised series. Telephone and telegraph employment indexes revised beginning 1932, other indicated employment series beginning 1929; see table 19, p. 17, of the April
1940 Survey; subsequent revisions in indexes for street railways and busses beginning 1932, superseding those shown in the April Survey, appear in table 27, p. 17, of th© May
1940
issue. Indicated factory pay-roll series revised beginning January 1939; see table 57, p . 17 of this issue.
for FRASER
*New series. See note marked with an " * " on p. 26.
Digitized
111.5
350. 5
164.0
94. 3
237. 8
170.3
98.6
256. 2
148.8
95.7
281.6
109. 5
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes a n d references
to the sources of the data, may be found in t h e
1940 Supplement to the Survey
j 1940
\
|j October
December 1940
1940
No vein- ; DecemOctober
ber
|
ber
February
January
March j April
| May
June
July
Au
S u s t ! teinber
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Continued
Factory, u n a d j . (U. S. D e p t . of Labor)—Con.
Durable goods— Continued.
:
Metals, nouferrous, a n d p r o d . 1923-25 = 100.-i
Brass, bronze, a n d copper products, do
;
Stone, clay, a n d glass products
_._do
Brick, rile, a n d terra cotta
do
Glass
do
Transportation e q u i p m e n t t
do
Aircraft*
do
Automobiles
do
;
Shipbuilding*
do
i
Nondurable goods
do
:
Chemical, petroleum, a n d coal products
j
1923-25- 100 _J
C hemicals
do
P a i n t s a n d varnishes
do
i
Petroleum refining
do
j
R a y o n a n d allied p r o d u c t s .
do
j
Food a n d kindred p r o d u c t s
do
j
Baking
do
|
Slaughtering a n d m e a t packing
do
i
Leather a n d its m a n u f a c t u r e s — .
do
j
Boots and shoes
do
i
P a p e r a n d printing
do
i
P a p e r a n d pulp
do
'
R u b b e r products
do
l
R u b b e r tires a n d inner t u b e s
do
Textiles a n d their p r o d u c t s !
do [
Fabrics!
do
|
Wearing apparel
do
;
Tobacco manufactures
do
i
Factory, unadjusted, by States and cities:
!
State:
i
Delaware
.
1923-25 = 100..'
Illinois
1925-27 = 100..!
Maryland
1929-31 = 100. J
M assachusetts
.
1925-27 = 100 - New Jersey
1923-25=100..:
New York
1925-27 = 100.-!
Pennsylvania
1923-25 = 100. J
Wisconsin
1925-27 = 100..;
City or industrial area:
'•
Baltimore
1929-31 = 100..',
Chicago
1925-27=100...;
Milwaukee
do
j
N cw York
do
!
Philadelphia
1923-25 = 100 . . |
P itts t mrgh
do
;
Wilmington
do
]
Noninanufaeturing, u n a d j u s t e d (U. S. D e p a r t - j
m e n t of L a b o r ) :
!
Mining:
!
Anthracite
1929 = 100.. |
Biturninous coal
do
:
Metalliferous
do
j
Crude petroleum producing
do
j
Quarrying a n d nonmetallic
do ''
Public utilities:
j
Electric light and powerf
do
1
Street railways and busses!
--do
!
Telephone and telegraph!
do
Services:
j
Dyeing and cleaning
do
j
Laundries
do
j
Year-round hotels
do
!
Trade:
!
Retail, total!
do
j
General merchandising!
do
1
Wholesale
do
j
WAGES
|
Factory average \\e<-Uy earnings:
National Industrial' Conference Bonrd 25
industiies)
..dollars
U. S. Dei>t. oi Labor, ('JO industries)do . .
Durable eoo<N
- d<>
Iron and steel and their pro kicts. n< s <nciudin*: machinery
woll.'!^
Bla-^f furnuvs, steel works. ni.M n.ll.i.j
iriilN
.. .. .
dollar
Hardware
.
. ...
'V
Structural and ornanantal nn to! work
do/ ir>
Tin cans and other tinware
. do .
Luin!'i>r and aUied products . . . _. do .
Furniture
. . . . . . . . .
do Lumber, saw mill*
. . . do. .
Machinery, excl Uarsp. equip
do __
A'-a'u-'iltur il implements
liiicludm?
triciorO -dollars
Llectri<""il machinery, apparatus, and
supplies
_
_
dolhrs
Ent'irics, turbines, water wheels, and
windmills
. _ dol1/."^
Foundry and machine-shop products
dll
Radios a n d phonographs
do
V.K). 0
54. 3
130.1
101. 3
-, 008. 5
140. \i
241.3
105. 9
113.6
154. 1
80.3
56. 6
121.2
110. 8
.702. 5
113.3
143.6
103.9
115.4
116. 5
108.7 •'
158.9 i
157. 0
150.3 :
76.4 !
78.9
66.9
51.6 ;
54.3
43.4
118.9
113.1
121.0
125.4
119.8
106. 7
2,046.5
2.197.0
1,95.
I 106.0
119.9
127.9
I
141.0
148.0 ;
152.0
;
98.4 i
102.4 :
102.8 i
:
104.8
103.1 ;
103. 6
137.2 :
133.0 '
134.2
68.3
74.6
72. 2
41.5
49. 2
45. 2
112.8
112.0
114.2
125. \)
11 s. 5
121.3
!,1S3. 9 !r 2,3iV. 3 r 2 . H 5 . 0 * 2,601. 5 <"
122. 9
119.1
121.2
111.1
169.3 i 169.4
149.9 :
180.4
99.0 j
95.4
99.1
94.9 |
103. 4
136.4
65. 3
39.6
108.3
120.1
r
117.0
127.9
r
160. 7
177. 5
7 1 . 1 ••
76. 7
r
51.8
53. 6
53. U
r
2
116.0
120.7
m.o i 105.
98. 9
115.7
141.3
121.0 |
2.908. 2 ! \r 3,124. 6 •3.727.4 4. 211. 9
112.0
80.5
- 124.9
r 211. f) ;
185.8 I 193.4
r
r
95. 6 j
97. 1
102. 4 I '• 105*. 6
105.8 i
140.8
73.4 !
51. 1 i
I
139.5
17(1. 7
135. (i
136.4
324. 0
134. 1
139. 5
115.5
73. 3
OS. y
324.0
101.0
89. 0
93. i
89. 0
95. 2
6G. 7
108. 2
f 84. 9
141.2
S4. 5
123.3
100. 5
90. 0
114. 8
98. 8
97. 7
32. 2
84. ?
107.4
70. 9
102. <i
88. (
83. 0
105. 9
146.2
r
; >• 133. 0 ; r 134. 4 !
! '• 167. 2 | r 169. 3
' 132.4 !
132.1
!
137.4
136.6 !
:
31S.0
314.7 I
r
r
;
131.3 I 139. 0
i
140. 1
142.1 |
!
112.3
117.6 |
|
76.4 ' r 77. 0
r
72. 0
74.6 i
110.9
111.2 i
124. 8
j
126. 3 i
!
r (\y_ ~
76*3
87.4
SO. 9
76. 6 I
66. 9 j
62! 3
133.3
157. 9
134. 6
140.0
303. 0
130.0
136. 6
107.7
76.5
71.1
113.8
125.6
101. 9
90.6
93.5
88. 0
98.7
63.4
133.1 !
161.5 '
131.5 ;
137.9
310.4 i
125.3
136.9 ;
112.7 '•
71. 1 ;
64.6
114.2 i
124.6 ;
99. 8 i
85.9 :
92 7
91.6 i
89.2 '
62.9 ;
133.4 '
162.3 i
130.5 !
137.6 I
314.0 !
124.4 !
134.1 [
121.5 :
75.4
70.2 '
116.8 :
122.5 j
100.5 :
89.9 ;
91.6 !
89.5 !
90.2 I
62.3 I
131.0 !
159.8 i
128.5 !
133.5 I
320.4 ;
117.0 i
131.1 !
118.9
82.3
79.1
110.0 I
117.6 I
94.1 i
85.6 :
87.5 :
84.8 i
87.5 ;
52.9
131.4
159.7 .
128.3 i
134.4 I
321.3
115.5 !
132.4
110.9 :
82.6 i
80.2
108.6 i
116.9 :
88.3 •'
80.6 :
91.3 ;
84.2 i
99.8 I
54.0 ;
132.5 I
159.3 I
130.5 !
135.8 •
316.0
ii7.i;
134.4 :
111.5
80.3 i
78.2 !
110.0
115. 1 !
88. 3
79.0 ':
89.5
78.5
105.7
58.1
133.4
159. 6
131.9
136.9
311.1
117.7
134.3
109. 5
70.7
66.6
109.7
115.4
86.5
78.1
81.4
75.2
88.7
58.7
133.6 !
161.9 ;
136.3 !
136.8 ;
311.4 j
121.5 i
137.8 I
110.4 i
63.6 I
58.1 !
113.1 !
124.2 !
87.1 1
79.9 !
77.9 ;
73.9 i
81.0 !
CO. 7 i
133.2
165.2
136. 2
137.1
314.3
129.0
140.8
114.7
67.0
62. 7
112.3
126.2
86.4
92.1 !
77.9 i
126.9 !
76.5
104. 3 !
94.9 I
79.1
127.7 '
78. 7 ;
105. 7 i
91.1
75.7 ;
123.8 :
76.8
100.6 i
r S6. 5 i
84.4
94.7
91.6 I
75.8 '.
122. 1
74.4
93.9 i
75.2 :
124.7
73. 9
102.2
r SS. 4 l
96.2
92.9 i
77.8 '
127.8 i
78.0 I
106. 4 I
' SS 0
89.7;
99.4
98.1
97.0 I
74.2
74.8 I
124.1
126.3 !
70.9 !
70.3 I
101.8 I
103.9 !
'• 85 3 i ' 85. 4 !
79.2!
79.0 '
96.1 |
98 6
76. 4
128.7
70.7
107. 5
86. 7
82 5
99.9
131. 4 !
75. 4 i
106. 6 i
''87.
r
83
ioo.
126.2
67. 4
103.4
90.1
85. 6
92.7
81.7
128.2
67.5
109.4
87.4
85.6
96. 1
83.7
129. 6
67.3
106. 0
82.2
84.0
89. 3
87. 5
132.
68.
101.
80.
85.
89. j
85 . 8 |
40.0
75.3
65.7
58.7 |
42.7 1
40.6
73.9
65. 4
58. 8
43.9
36. 5 j
103.3
69. 2
98.7
104.2 !
69.2 j
98.8 I
104.8
70. 5
100.0
105.
70.
101.
'• 8 U . 6 !
90.1 i
100.1 ;
j
128.1 l
69.4 :
110.6 :
88.7 j
86.0 \
98.7 i
85.7 ;
124.2
66, 9
104. 3
84.5
83. 8
02. 3
82.4
r
IOO.O :
87. 0 !
81.8 i
94.7 i
•r 8 9 . 5
122.8 I
66. 1 I
100. 1 |
87.8 i
83.1
87.3
82.6
126. 6
65.6
104. 2
94. 9
83. 1
85. 3
84.7
80.7
96.8
127.0
64.6
104. 1
86.5
81.8
83.7
88.6
|
|
j
'
127.4
65.6
105. 9
84. 5
80.7
85.2
87.1
r
97..0
52 2
97.6
63.4
58. 8
45.6
42.0 :
96.3 ,
63.9;
59 6 i
42.9 ;
26.6
84.3
65.0
59.2
39.2
102.0
71.2
102.5 !
102. 4 ;
69.8 i
97.4
101.6 i
69.0 ;
97.4
102.2 ;
71.5
96.9
65. 5
83.4
81.1
64.4
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82.7
84. 1
81.8 !
85. 6
83.2
85.4 !
88.5 I
83.0 j
89.6
92.4
82.0
80.
90.
80.
80.8
82. 7
77 9
79.1
80.8
77.1
82.0 ;
85.9 ;
77.8 ;
82.3
85.0
77.4
83.4 !
86.6 !
77.4 ]
84.8
89.3
78.4
82.
84.
78.
28.49 ;
26.26 !
30.04 ;
28.09 j
25.51 |
28.96 !
27.61 I
25.20 j
28.60 i
27.61 I
25.46 i
28.90
27. 66
25. 33
28.92
28.16
29. 69 :
24.65 j
28. 88
26!l5
28.73
26.13
29.87
26.14 |
69.4 i
96.4 J
77.3
83. 9
S2.2
70.8
82. 9
81. 8
69 9
83.7
81.1
83. 2
88.5
80.3
83.6
92.4
79.0
91.8
125. 8
79.1
28.24 •
25.81 !
29.71 i
28. 49
25. 73
29. 41
31.09 |
i
I
i
|
I
52.5
87.0
63.6
58.4
29.6
i
I
!
!
I
32.9
87.0
64.2
59.0
30.8
!
!
i
i
I
38.4
78.3 !
63.2
58.4
34.1
102. 3
69. 5
98.1
36.3 I
72.2
63. 5
59.0
38.1
9
13S. 0
r
88. 7
103! 4
135. 5
70.3
108. 7
93. 9
89. 7
96. 0
86. 1
33. 1
r 82. 5 r
59. 0
'••45.2
:
- 108. 1
' 70.4 :
r
100. 4
r
r
r
9S. 2
91. g
108.
139. 3
112! 2
101. 0
• 94.7
" US 0
39..3
S3 .0
69. 6
57.4
46 . 6
105 7
71 ! 3
100. 8
78. 9 !
90. 5
80. 7 ;
i- SI. 5 i
' S2. 3 S
85. f>
SM . s
81 !3
85.0
90. 6
Sl .0
r
28. 58
26. 10
29. 98
28. 99
26. 54
30. 57
29.30 I
28.89
30.24
30. 60
31.
30.75 I
25.45 I
29.07 !
33,19
27.44
31.25 !
26.01 I
28. 87 :
23. 86
20. 80
21. 72
19.45
28.52 I
23. 70 I
20.63 j
21.63 i
19.20 j
29.51 I
28. 74
23.82
20. 18
21.87
18. 11
30. 25
27.65 ;
23.46
22! 82
19. 10
19.69 !
19. 95
20.91 !
17. 73
18. 19 !
29.74
29.67 j
27.39
24.15
19.91
21. 15
18.49
30. 15
28.42
24. 20
20. 00
20.70
18.93
29.97
28.13 j
24.04
20.22 j
20. 59
19.43
30.11
28.87
24.38
19.37
20.28
18.02
30.29
30.27 j
31.07
30.91
31.14 I
31.37
31.43
31.42
29.34 !
29. 89
29.67
29.53
29.98
29.70 |
30.01
33.46
34.49
34.10
34.09
34.43
34.35 ;
34.21
r
29. 43
23.47
30. 35
22.71
29. 27
22. 12
2S 89
22.19 l
29. 39
22.30
29. 27
22! 46 !
29. 29
23. 09
'29.33
23. 90
32.48
29.27
23. 79
102.6
28. 16
25. 25
28.52
27. 67
25.43
28. 80
30.71
29. 24
- si!s
S2. 5
63. 7 !
59. 1 I
43.5 i
33.08 ;
27. 58 ;
29. 92
s
121.
7 5 . 2 ''•
33.91 i
27. 13 ;
29. 20
100. 6
SO. 1
133. 7
I
138. 2
170. 9
135. t\
139. '\
327. 7
13*.
140.
112. fi
r
74.0
r 72.0
113! 3
124. 2
1
95.,s
r
84. S
32. 93
r
27. 29 I
64
29.51 i
25. 61 ;
20. 81
21.49
19. 79
30.67 :
28. 99
30.42
30.87
31. 17
30.14;
30.92
31.50
35.81
35. 93
|
!
!
i
!
35.05 :
r
30.12
23. 49
O]
99
00
07
3l! 22
30. 31
24 .89
Revised.
f Preliminary.
t R e v i s e d series. Slkrht revisions were made in data for textiles rind their pr oducts <v
•=; becinnine 1938; revisions not: shown in t h e M a y 1940 Survey are available
u p o n request. Indicated factory pay-roll series revised beginning J a n u a r y lO.'W; see table 57. p . 1 \ of this issue. Telephone a n d telegraph pay-roll indexes revised beginning
1932, other indicated nonnianul'acturin.tr pay-roll indexes revised beginning 1929; see table 19, p . 1 ' of the April 1940 Survey.
*New series. See note m a r k e d w i t h a n " * " on p . 26.
r
December 194(1
SURVEY OF Cl'KRENT BISINESS
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
October October
1940 Supplement to the Survey
1910
NO\«MU-
Ji unb r I ary
Dei.
ter
ary
March
April j May
Jime
Julv
EMPLOYMENT CONDITION AN!) WAGES—Continued
WAGES—Continued
Factory average weekly earnings—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
28. 26
26. 76
26.65 I
Metals, nonferrous, and prod
dollars..
28. 67
27. 37
28.58
26. 96
31.39
28. 74
28.96 ! 29. 01
31.63
Brass, bronze, and copper prod...do
32.21
30. 28
25. 24
24. 49
Stone, clay, and glass products
do
25. 98
25. 01
23. 58
24. 03
21.
58
19.97
22.
51
21.
18
|
19. 52
To. 30
Brick, tile, and terra cottaj
do
19. 55
27.06
26. 49
27.71
26. 78
26. 20
26. 02
Glass
do
25. 89
34.40
33.82
33.
26
34.
51
34.39
33. 23
Transportation equipment
do
33.47
35. 78
34. 75
34. 25
35. 81
35.53
34. 28
A utomobiles
do
34. 80
21.49
22.02
22.03
22. 30
21. 86
21. 87
Nondurable goods
do
21.73
Chemical, petroleum, and coal products
0. 12
30. 1(1
29.49
29. 61
29. 31
29. 14
28. 99
29. 22
dollars. _
29. 54
32. 00
31.86
32.07
31.79 | 31. 72
31.83 !
31. 82
Chemicals
do
32. 51
r 32. IS
28.72
28. 75
28.43 | 28. 93
29. 02
28. 44
Paints and varnishes
do
w. 46
34. 94
35. 27
34.78 j 34. 96
35. 34
34.42
Petroleum refining
do
35. 77
25.42
25.82 j 26. 24
26. 12
26. 33
26. 26
Rayon and allied products
do
25. 03
21.33
25.48 ! 25 32
24. 80
25. 00
25. 25
25. 17
Food and kindred products
do
24.34
25. 83
25. 97
25.84
Baking
do
25. 65
25. 84
26. 22
26. 12
27. 45
27.94
Slaughtering and meat packing. _do
27.60
28. 51
27.76
27.26
26. 88
18. 20
19. 89
18.74
19. 09
17.68
Leather and its manufactures
do.__.
19. 23
19. 61
18. 78
17.20
17.62
16.30
16. 46
18. 20
Boots and shoes
do
18 59
28. 66
29.40
29. 5!
28. 70
29. 26
28. 67
Paper and printing
do
28. 37
25. 35
27.19
26.19
25. 35
26. 61
Paper and pulp
do |
25.42 1 25. 17
28. 54
29. 50
27.98
28.95
Rubber products
do
27.40 ' 27. 66
30. 11
33. 96
35. 11
32.77
33. 64
Rubber tires and inner tubes
do
32. 29
31. 98
35.91
17.26
17.72
16. 74
17. 68
17.48
Textiles and their products
do
17. 45
17.58
17.07
17.54
16.40
17. 64
16. 9S
Fabrics
do...16. 62
17.21
17.85
18. 26
17.63
17.81
18. 86
Wearing apparel
...
__do
19.54
18.63
16. 52
17.47
17.07
17.50
16. 25
16.88
Tobacco manufactures--..-.,
do
17. 55
Factory average hourly earnings:
National Industrial Conference Board (25
.727
. 734 I
.727
.729
.731
industries)
dollars-.
.724
.728
. 662
.665 I
. 663
. 665
U.S. Dept. of Labor (90 industries) _._. do
.646 I
.663
,729 I
.727 | .726 1
Durable goods
do
.713 I
.728
Iron and steel and their products, not in.766 I
.764 I .767
cluding m aehinery
dollars. _
.764
.763
.415 I
Blast furnaces, steel works, and rolling
.851
.838
.842
.841
.838
mills
dollars. _
.848
.767
.680
Hardware
do
. 685
.692
.670
.676
.671 j . 681
Structural and ornamental metal work
.847
. 737
.730
.731
.732
.735
dollars..
.725
.685
. 624
.619
.619
. 620
.626
Tin cans and other tinware
do
.010
.725
.513
. 515
.518
.512
Lumber and allied products,...
do
. 513
. 502
.614
. 546
Furniture
___.do
.539 | . 547
.527
. 538
.514
.497
.489
.491
. 497
. 492
Lumber, sawmills.
do
. 491
. 483
. 536
.739
,732
.723
. 739
.735
Machinery, excl. trans, equip
do
.737
.721
Agricultural implements (including
.787
. 801
793
.782
tractors)
dollars
.797
Electrical machinery, apparatus, and
.749
.731
.733
supplies
dollars
. 753
Engines, turbines, water wheels, and
.804
.799
. 803
.797
.805
.794
windmills
dollars, .813
.807
Foundry and machine-shop products
.726
.725
.720
.726
.723
dollars..
.718
.595
. 590
.614
.583
.611
. 606
.573
Radios and phonographs
do
.701
. 697
. 703
. 690
. 700
.691
. 696
Metais, nonferrous, and products. ...do
.749
.748
.753
.749
.758
. 743
Brass, bronze, and copper products, .do
. 664
. 664
. 660
. 657
. 664
Stone, clay, and glass products
do
. 662
'. 654
. 558
. 553
. 556
.551
Brick, tile, and terracotta!
do
.554
. 551
.746 | .738
.741 I
.734
. 739
Glass.
do
.730
.894
.900
. 886
,902
'. 901
Transportation equipment
do
. 896
.891
.934 |
.944 I
.922
. 945
. 940
A utomobiles
do
.938
,922
. 607
.610 i .609
.599
.605
Nondurable goods
do
. 608
.590
Chemical, petroleum, and coal products
.751
. 756
.742
dollars. _
. 738
. 756
. 746
. 800
. 796
.789
.792
. 803
. 800
Chemicals
do
.801 !
.718
.714
712
.715
.71.9
.718
Paints and varnishes
do
. 974
. 972
.974
.972
.975
.971
Petroleum refining
do
. 676
! 665
. 646
. 659
. 674
.672
Rayon and allied products
do
.641
.633
. 608
.625
.639
. 641
Food and kindred products
do
.672 !
. 635
. 633
. 623
.627
.631
.630
Baking
do
.643 !
.677
.678
.685
.684
.680
. 681
Slaughtering and meat packing..do
.636 i
. 534
. 537
. 532
. 539
. 537
.541
Leather and its manufactures
do
.689
. 508
.511
.508
.514
.514
.519
Boots and shoes
do
.543
.783
.783
.773
.783
.789
Paper and printing
do
.521
.
635
.631
. 629
. 638
. 637
Paper and pulp
do
. 793
. 776
.769
.779
.779
|
Rub her products
do
. 631
.974
.
961
. 965
. 966
.964
. 963
. 968
Rubber tires and inner tubes
do
.961
. 497
. 486
. 499
. 505 ! . 495
. 496
.505
Textiles and their products
do
.493
.479
.464
. 481
.482 I
.484
.484
.477
Fabrics
do
.533
. 527
. 534
.543 I
'.519
.518
.544
.525 !
Wearing apparel
.
do
.474
. 493
. 496
.490 j
. 497
.491
.479 J . 489
Tobacco manufactures
do
Factory average weekly earnings, by States:
95. 3
93.3 ! 90.7
90.3
91. 5
92.1
93.4 I
96. 3
Delaware
1923-25 = 100 .
99. 9
97.9 !
98 2
96. 3
95. I
95 8
95.6 I
95. 2
Illinois
1925-27-100..
H03. 8
96. 6
98.0
100.0 i
98^9 !
95'. 9
98.6 ;
96.7
Massachusetts
do
127. 5
119.7
119.5
116.4
120.0 I 117.2 I
118.6
118.7
New Jersey
1923-25=100..
96. 4
! 00. 8
96. 1
95. 1
97. 7 j 96. 1 ! 95. 4
97.4 !
New York
1925-27 = 100 ._
111.1
110.8
105.2
105.9
106.3 I
111.9 I 107,8
Pennsylvania
1923-25 = 100
107. 6
107.9
105. 7
104.0
106.8
106.5
107.6
Wisconsin
1925-27 = 100..
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
.685
.685 |
.685
.685
.685
.685
. 71.1
Common labor
dol. per hour--'
1.44
1.47
1.46 |
1.47 i
1.46
1.47
1.48
1. ±0
Skilled labor
.
do j
1.47
Farm wages without board (quarterly)
j
35.27
36.13 .
36.41 !.
dol. per month..!
.739 I "."743"
.729 |
.742 i
.751
.731 i
Railway wages (avg., class I)_...dol. per hour.. I.
r
Revised.
/;
Preliminary.
§C-onstruction wage rates as of November 1, 1910: common labor, $0,711; skilled labor, *1.4S.
tData revised beginning June 1940 on the basis of more complete reports from the industry. This revision, which could not be extended to earlier months, increased
the average somewhat.
•2?? I
:SI|
30
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
1939
NovemOctober October
ber
December 1940
1940
1940
Decem- j
ber
January
Febru- i
ary I March
June
July
I August
bept em ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Miscellaneous wage data—Continued.
Road-building wages, common labor:
United States, average
dol. per hour..
East North Central
do
East South Central
do
Middle Atlantic
do
Mou ntain
do
New England
_ do
Pacific
do
South Atlantic
do
West North Central
.
__do
West South Central
do
ALL PUBLIC ASSISTANCE
Total, exclusive of cost of administration, material, etc§.._
rail,
of do!..
Obligations incurred for:§
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 aid
do
Work projects
do
Work Projects Administration!:
do
Other Federal work and construction
projects
mil. of dol
0.48
.63
.35
. 54
.54
.51
.70
.34
.49
.38
0-43
.59
.31
.51
.57
.48
.64
.30
.47
.38
0.44
.59
.32
.53
.56
.49
.66
.32
.46
.38
0.42
.63
.35
.56
.56
.48
.66
.32
.44
.38
0.41
.59
.31
. 57
.55
.50
.71
.32
.52
.39
0.43
.62
.33
.62
.59
.50
. 72
!32
.50
.39
0.41
.69
.33
.59
.55
.53
.70
.32
.45
.39
0.42
.66
.33
. 57
.55
.58
. 74
.33
.45
.38
272
274
'269
••273
279
'278
48
37
38
49
37
39
r 50
-38
M2
51
39
51
'38
r
r 39
••37
2
2
2
3
3
0.46
.63
.33
.54
.56
.49
.68
.33
.46
.39
0.45
.64
.33
.52
. 56
.53
.67
.33
.45
.38
0.47
.61
. 35
.53
. 56
.49
.68
.32
.47
.38
0.47
. 62
35
'. 54
.56
.50
. 68
.34
.47
.38
0. 47
,6L
. 34
.53
. 55
. 5C
. 68
.33
.48
.3*
'257
51
'38
19
19
18
19
20
17
18
4
102
3
5
106
3
5
112
3
6
110
3
6
115
3
6
124
3 !
6 '
120
3
6
114
6
100
47
37
35
35
223 |
214
0
171
113
58
43
234
206
0
166
112
54
40
224
188
0
152
103
!
!
!
!
|
3,060
2, 549
1,880
669
81
3.056
2i 540
1,875
665
82
64 I
18 |
422 |
62
18
429
65
15
434
53
40
'32
53
40
29
182
177
0
142
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of doL_
Held by Federal Reserve banks
do
Held by accepting banks, total
do
Own bills
do
Bills bought
do
Held by others
do
j
Commercial paper outstanding
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.:
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_.
Agri. M k t g . Act revolving fund
do
Short term credit, totalt
do
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for cooperativescf
„.mil. of d o l . .
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._Reserve bank credit outstanding, total
mil. of d o L ,
Bills bought
do
Bills d iscounted
do
United States securities
do
|
Reserves, total
do
j
Gold certificates
do
j
Liabilities, total
do
Deposits, total
do
Member bank reserve balances, total
j
mil. of dol...
Excess reserves (estimated)
do
Federal Reserve notes in circulation,.do
Reserve ratio
percent..
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 d o l . .
States and political subdivisions
do
United States Government
do
i
;'
\
;
179
111
67
42
205
223
0
172
103
69
51
214
233
0
175
105
70
57
210
229
0
179
111
68
50
219
233
0
188
123
65
45
226
230
0
184
121
63
46
233
3, 086
2, 616
1,916
699
3, 068
2, 605
1,910
695
95
3,046
2,588
1,900
687
95
3,047
2, 580
1,897
684
94
3, 053
2,568
1,890
678
91
3,059
2,560
1,886
674
93
3, 058
2, 596
1,905
691
99
79
17
394
70
22
377
73
21
367
76
21
364
73
20
363
72
20
373
69
20
394
67
19
412
191
35
180
165
33
157
8
117
53 |
70
31, 676
13, 041
18, 636
165
33
154
8
116
53
66
40, 019
17, 633
22, 386
162
34
154
8
116
52
63
34,717
14, 739
19, 978
165
35
160
8
118
62
29, 482
12, 138
17, 344
176
36
174
8
124
52
61
34, 738
15, 201
19, 537
185
38
186
122
51
51
36, 317
14, 952
21, 365
170
34
163
8
119
53
73
32, 711
13,683
19. 029
128 i
52 '
58
34, 769
15,519
19, 250
191
38
195
8
129
52
56
34, 195
14,536
19,659
22, 865
18, 779
18, 740
19, 027
19, 223
19, 497
19, 677
20, 042
20, 585
21, 408
21,801 ; 22,176 I 22.440
2, 412
0
4
2, 333
19, 632
19, 289
22, 865
16, 218
2,801
0
6
2,736
15, 178
14,838
18, 779
12, 988
2, 650
0
8
2, 552
15, 295
14,976
18, 740
12, 865
2,593
0
2, 547
0
2,484
15, 524
15, 209
19, 027
12, 941
2,503
0
7
2,477
15, 975
15, 561
19, 223
13, 422
2,477
16,181 |
15.813
19,497 !
13,630 I
2,529
0
4
2,475
16, 451
16, 076
19, 677
13,815
2, 518
0
3
2,467
16, 809
16, 428
20, 042
14,152
2,519
0
3
2 477
17^ 346
16,994
20,585 |
14,575 !
2,531
0
2
2, 466
18, 120
17,754
21,408
15,213
2,484 |
0!
4 |
2, 448 I
18.579
18,202 j
21, 801
15, 575
14, 208
6, 960
5. 577
90.1
11,973
5, 553
4,773
85.5
11,628
5,160
4, 862
86.3
11, 653
5,209
4,959
86.7
12,150
5, 559
4,832
87.5
12,328
5,692
4?872
87. 5
13, 781
6, 857
5,199
88.8
13,498
6,514
5, 248
89.2
21, 858
18, 556
18, 972
18, 566
19,199
19.414 ! 19,175
187
0
149
96
53
38
252
1.862
655
96
221
I 12,423
I 5,828
| 4,931
[
87. 8
I
21, 266
1, 651
506
18, 273
1, 460
525
18, 503
1,484
523
IS, 474
18, 843
1,227 I 1,332
574 ]
561
o!
178
118
61
45
239
|
|
|
j
3,058
2,553
1,883
671
83
12,919 | 13,237
6, 149
6, 385
4,941 j 5,057
88. 0
88. 4
19, 696
!
j
I
|
i
i
i
!
196
40
200
49 i
36 !
232 i
i
|
j
|
I
199 !
42 ;
204
8
129
52
54
31, 845
13.612
19, 233
o :
148 i
100
42
35
34 !
245
251
3, 050
2, 534
1,871
663
83 |
1,867
659
89
67 ;
15
433
16
420
203 I
42 :
203 I
197
41
195
127
51
53
29,918
11,604
18,314
30. 861
12, 594
18,267
2, 516
0
4
2, 486
18, 959
18,618
22, 176
15, 867
2, 434
19,272
18, 940
22, 440
16,063
3,541
6.525
5. 370
89.3
13, 727
6, 655
5. 450
89. 0
2, 485
(J
20,287 | 20,510 j 20,984 \ 20,901 '••
21,152
December 1940
31
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1839, to- 1940
1939
gether with explanatory notes and references
to the sources cf the data, may be found in the
Novem- ! Decem- j JanuOctober October
1940 Supplement to the Survey
ber ! ber | ary
1940
February
March
April
May
July
June
August
September
FINANCE—Continued
BANKING—Continued
Fed. Res. reporting member banks, condition, |
Wednesday nearest end of month—Con.
Deposits-Continued.
Time, except interbank, totaL.mil. of dol._
5, 349
Individuals, partnerships, and corporations
mil. of doL.
5,171
States and political subdivisions
do
175
Interbank, domestic
do
8, 707
Investments, total
do
15,693
U. S. Govt. direct obligations, total., .-do
9, 374
Bills
do_...
736
Bonds
do
6, 804
Notes
_ .do
1,834
Obligations fully guaranteed by U. S.
Government
.
mil. of doL.
2, 627
Other securities
do
3, 692
Loans, total
do
8,909
Commercial, industrial, and agricultural
loans
m il. of dol..
4,773
Open market paper
do
304
To brokers and dealers in securities
do
410
Other loans for purchasing or carrying securities
mil. of dol._
455
Real estate loans
do | 1,222
Loans to banks
do
36
O ther loans
do
1, 709
Instalment loans to consumers:*
By industrial banking companies:
Loans made
do
Repayments
do
Amount outstanding, end of mouth...do
Money and interest rates:
Bank rates to customers:
In New York City
percent..
In 7 other northern and eastern cities
percent..
In 11 southern and western cities-.___do
Bond yields (Moody's):
Aaa
_
do
2.79
Baa
do
4. 56
Discount rate (N. Y. F. R. Bank)
do
1.00
Federalland bank loans
do
4.00
Federa! intermediate credit bank loans.do
1.50
Open market rates, N. Y. C :
Prevailing rate:
Acceptances, prime, bankers, 90 days
percent..
Me
Com'l paper, prime, 4-6 months.._do
Time loans, 90 days (N. Y. S. E.)_.do
|
1H
Average rate:
Call loans, renewal (N. Y. S. E.)___do._-_
1.00
U. S. Treasury bills, 91 days
do
.02
Average yield, U. S. Treasury notes, 3-5
years
.
percent..
.43
Savings deposits:
Savings banks in NewT York State:
Amount due depositors
mil. of dol..
U. S. Postal Savings:
Balance to credit of depositors
do
1,296
Balance on deposit in banks
do
40
5, 261
5, 244
5,288
5, 269
5, 302
5,373
5. 323
5,333
5,352
5,341
5, 379
5, 063
181
7, 954
14, 207
8, 684
667
5, 858
2,159
5,043
184
7,894
14, 503
8,713
711
5, 842
2,160
5, 072
199
8.190
14,413
8,703
595
6, 353
1,755
5,047
205
8, 029
14,675
8,877
648
6,482
1,747
5, 085
201
8, 085
14, 740
8,851
647
6, 469
5,165
188
8,424
14, 666
8,848
509
6,518
1,821
5,121
183
8, 460
14,881
8,960
593
6, 496
1,871
5,120
191
8,431
15, 049
9, 081
627
6,528
1,926
5,146
183
8,577
15, 124
9,202
6,382
2,063
5,144
175
8, 239
15,461
9, 457
791
6, 567
2, 099
5, 187
170
8, 734
15,544
9, 2S0
02N
Ci, 540
2,232
3,291
8,521
2,408
3,382
8,656
2,412
3, 298
8,674
2.414
3,384
8.499
2, 421
3, 468
2,380
3,438
8,649
2,427
3,494
8,661
2, 399
3, 569
8, 475
2, 405
3,517
8, 462
2,418
3, 586
8, 517
!, 5X4
:, 665
2, 582
3, ()S2
8. 785
4,310
317
603
4,381
312
660
4, 353
315
700
4,295
321
614
4,324
332
609
4,414
337
625
4,409
326
4,367
322
478
4, 438
301
380
4,441
291
419
:, 4S0
294
390
4, f>30
297
512
1,184
36
1, 559
499
1,189
36
1,579
504
1,188
50
1,564
485
1,183
54
1,547
478
1,185
52
1.548
476
1,185
51
1,561
474
1, 187
52
1,587
481
1,189
46
1,592
471
1,199
40
1,633
474
1, 210
40
1, 042
463
,219
48
., 672
460
1, 220
41
1,691
40.7
39.9
251.1
39.3
38.3
252.1
47.0
42.5
256.6
40.9
40.1
257.4
39.9
38.4
258.9
46.4
41.7
263.6
47.8
43.1
268.3
48.2
42.6
273,9
47.0
42. 6
278. 3
45. 3
44.2
279. 4
1, 735
2.59
3.32
2, 112
42. 6
42. 0
280. 0
44 (i
41.0
38. 5
282. o
2.03
2.00
2. 14
2.49
2.56
3.43
3.38
2.82 I
3.00
4.85
1.00
4.00
1.50
2.94
4.92
1.00
4.00
1.50
2.88
4.86
1.00
4.00
1.50
2.86
4.83
1.00
4.00
1.50
2.84
4.80
1.00
4.00
1.50
Me
Me
Me
Me
Me
Me
1H
Me
Me
Me
m
m
m
1.00
.10
1H
6, 57;
2.67
3.35
3.15
4.88
1.00
4.00
1.50
n-%
m
15.
9,
4.74
1.00
r 4. 00
1.50
2.93
4.94 |
1.00
4.00 I
1.50 |
2.96
5.11
1.00
4.00
1.50
2.88
4.80
1.00 j
4.00
1.50
I
2.85
4.76
1. 00
4. 00
1. 50
2.82
4. 66
1. 00
4. 00
1. 50
m
1J4
1. 00
.04
1.00
Me |
"lH '
1.00
.05
1.00
.05
1.00
-05
LOO
.04
1.00
.01
1.00
.02
1.00
.02
1.00
.02
1.00
.06
.77
.64
.51
.47
.46
.42
.45
.65
5, 552
5,547
5,599
5,616
5,632
5,676
5,660
5,644
5,670
5,631
1,271
54
1,275
54
1, 279
53
1, 290
50
1,297
48
1,301
45
1,303
44
1,299
43
1, 293
43
1,297
1,234
43
55
235
14
46
18
3
10
12
12
1,184
49
50
263
11
64
16
4
9
13
9
29
10
53
4
41
697
125
13,201
587
765
4, 606
132
1, 286
168
1,153
57
59
239
9
37
16
6
16
4
14
24
7
63
3
40
690
108
13, 243
760
1,094
5,129
78
1,481
167
304
162
26
859
310
279
969
168
326
4,940
1,320
1,237
44
69
223
8
52
17
i
11
11
8
14
5
56
4
36
789
112
15,279
614
1,509
4,942
76
2,142
208
5
105
204
40
335
75
595
157
1,000
5,617
2,597
1,042
48
66
204
7
56
17
4
6
13
11
19
6
38
1
26
622
102
13,472
575
1.655
4,939
290
1,167
427
249
30
247
548
856
112
453
214
346
4,440
1,863
1,197
55
63
216
12
49
28
4
11
8
8
19
7
36
6
28
740
123
11,681
752
668
4,336
342
911
1, 238
46
70
263
16
51
31
5
10
13
14
27
5
52
3
36
739
120
13,068
570
1,201
4, 588
122
832
739
194
432
194
214
278
76
820
87
600
5, 063
1, 646
1,114
48
61
226
1,175
50
65
216
16
40
25
9
15
4
14
12
3
54
5
19
728
116
16, 213
594
847
7, 117
253
686
287
2, 523
260
04
918
Me
. 05
.48
M2
], 297
41
1, 295
42
1.128
49
49
209
10
34
24
976
49
58
187
8
36
21
COMMERCIAL FAILURES!
Grand total
number..
Commercial service, total.
do
Construct ion, total
do
Manufacturing, total
do
Chemicals and drugs
do
Foods
do
Forest products
do
Fuels
do
Iron and steel
.
do
Leather and leather products..
do
M ach inery
do
Paper, printing, and publishing
do
Stone, clay, glass, and products
do.
Tex tiles
.
do
Transportation equipment
do
Miscellaneous
do
Retail trade, total
.
do
Wholesale trade, total
do
Liabilities, grand total
thous. of dol
Commercial service, total
do..
Construct ion, total
.. ..do
Manufacturing, total
...do
Chemicals and drugs
....
..do.....
Foods
.
do...
Forest products
__
.do
Fuels
do
Iron and steel.. _
do
Leather and leather products
do
Machinery
do
Paper, printing, and publishing
do
Stone, clay, glass, and products
do
Textiles
...
do
Transportation equipment..
do
Miscellaneous
.
do
Retail trade, total...
do
Wholesale trade, total....
...do
r
.111
44
71
214
8
54
21
5( i
3
21
667
115
12,715
574
854
5. 329
432
1, 156
•>97
435
100
132
894
65
1,388
47
361
4,112
1,846
"g
44
4
35
772
129
17, 464
790
1,129
6,959
135
1,500
1,411
111
274
327
1,455
484
172
579
134
377
5,378
3,208
321
96
220
185
227
565
129
1,205
5,156
2,087
1,291
72
78
261
6
70
22
10
14
6
7
31
12
52
4
27
766
114
16,247
I
911
!
1, 547
I 6,925
33
1,718
!
659 I
535
107 j
426
477 !
307
242 !
175
54 I
92
267 j 1,318
93 !
639 i
620 i
587 !
190 !
251 |
374 |
844 I
4,585 !
5,198 !
1,340 i 1,666 I
1
26 |
6 I
9
8
13
20
4
57
5
22
666
113
13, 734
1,100
984
5, 039
90
1,088
508
434
158
246
312
226
93
1,018
572
294
5,228
1,383
161
1, 455
72
160
5, 897
1,758
S
9
n
23
4
47
4
719
102
12,997
502
1, 272
4,459
37
S43
774
133
197
325
2S4:
101
1, 166
40
287
4. 983
1,721
20
40
21
10S
11,397
541
S93
4, 779
195
31 !
SI Hi
I.L'9.'.
49
146
399
102
097
260
327
3, 524
1,660
Revised.
fRevised series. Commercial failures compiled on a new basis beginning 1939; for an explanation of the change in the compilations and revised data for all months of
1939, see p. 31 of the March 1940 Survey.
"New series. For data beginning 1929, see table 35, p. 18, of the September 1940 SURVEY,
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the October
1940 Supplement to the Surrey
December 1940
1939
October ; Novem-
FINANCE—Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
23, 711
Assets, admitted, totalt-.
mil. of doL.
4, 48(5
Mortgage loans, total
do
662
Farm~____
do
3, 824
Other
do_...
Real estate holdings
do
1. 753
Policy loans and premium notes
do
2, 547
Bonds and stocks held (book value), total
mil. of doL.
13, 687
Government (domestic and foreign):
6,097
Total
do.._.
4, 359
U. S. Government
do
3.401
Public utility
do
2, 697
Railroad
._.
do
1, 492
Other
do
Cash.
800
438
Other admitted assets.
--___do.__Insurance written: C§>
Policies and certificates, total number
790
thousands..
Group
do
51
Industrial
.
do
500
484
Or d i nary
do
250
Value, total
thous. of dol_. 048, 902 637, 675
75. 929
Group
do
55. 214
Industrial
d o . . . . 1 4H, 4i)4 135.769
Ordinary
.
do
417. 194 425, 977
Premium collections, total®
.do
238,492
Annuities
„
do.._.
20. 879
Group
do
10, 781
57, 055
Industrial
.
.
do
149,777
Ordinary
do
23. 815
4, 499
662
3, 837
1, 754
2, 534
23,917
4, 528
660
3, 868
1, 720
2, 520
24, 042
4. 533
658
3, 875
1, 722
2, 507
24.130
4, 543
659
3, 884
1.720
2,496
24, 240
4, 552
661
3, 891
1,711
2,484
24,339
4, 555
661
3, 894
1,718
2,472
24, 420
4. 573
662
3,911
1,716
2, 467
24, 494
24, 623
4,591
4, 608
663
663
3,928 , 3, 945
1,714
1,714
2, 453
2, 463
21, 719
4, 621
663
3, 958
1, 716
2,445
13, 714
13, 906
13,928 j 13,986
14, 035
14, 218
14,325
14,347
14, 527
14, 624
6, 1 8 1
4,441
3, 382
2, 684
1, 467
823
491
6. 353
4, 611
3,428
2,642
1, 483
763
480
6, 370
4,623
3, 449
2, 644
1, 465
890
462
6,373
4, 597
3. 464
2. 655
1,494
921
464
6, 396
4, 624
3,481
2,659
1, 499
983
475
6,529
4. 756
3,504
2,668
1. 517
906
470
6,517
4,735
3, 509
2,717
1.582
875
464
6, 520
4,721
3, 545
2.708
1. 574
952
427
6, 651
4, 852
3. 572
2, 699
1,605
897
424
6, 738
4, 929
3,579
2, 694
1,613
'888
425
724
41
455
228
587, 498
44, 027
128, 121
415.350
247. 397
23.412
10, 854
52, 800
160, 331
728
59
443
225
646, 550
105,030
124, 662
416,858
355, 983
50, 082
13,270
106,662
185, 969
659
32
400
226
653,156
134, 507
113,111
405. 538
286, 934
42.185
15. 848
63, 512
165, 389
697
25
439
232
561,638
38, 120
125, 226
398, 292
263, 077
25, 562
12.451
56, 154
168, 910
770
26
483
262
616.085
37, 556
138,545
439,984
277,439
27, 248
12,960
62. 337
174, 894
766
30
472
263
624, 770
39, 800
135, 852
449,118
268, 866
24,971
12. 239
69, 543
162,113
793
42
494
256
626, 357
44,869
141,921
439, 567
266, 430
24.750
12, 583
57, 252
171, 845
714
35
446
233
597. 450
48, 946
128, 232
420, 272
256. 608
25, 473
11. 594
57,112
162, 429
697
33
428
235
605, 326
43,520
124,192
437, 614
267,714
35,013
12, 812
55, 547
164, 312
683
32
426
225
579, 283
53,757
123,111
402, 415
246, 254
22, 854
12, 339
55, 451
155,610
691
28
443
220
550 442
40 720
127 974
381 74s
248 824
25 93s
12 303
60 409
150. 174
537,951
41.938
150,742
122,522
54, 246
51, 003
20,133
40, 588
14,043
42, 736
567, 212
39,378
148,888
126.840
59. 043
56, 672
24,223
45, 996
17, 347
48. 825
91
517, 622
41,323
151,309
121. 339
47. 560
48, 294
17,829
38,470
12. 496
39, 002
506.212
39.633
144,717
120, 473
46, 661
47,164
17,657
36.141
12. 761
41,005
567,872
43,149
159.172
132,728
53. 070
53, 054
21.969
42, 665
14,730
47, 335
574,453
43, 976
158,874
132, 454
54,293
57, 784
20, 752
42, 825
15, 754
47, 741
571,625
42,416
157, 222
131,230
58, 864
55, 897
21,857
41. 550
15, 154
47, 435
553. 086
41, 727
146, 613
123, 270
54, 290
58, 094
24, 711
44, 595
14,956
44,830
91
566, 061
40, 743
151, 409
129, 284
58, 097
57, 633
22, 218
45, 349
14, 893
46, 435
528, 330
39, 632
133, 296
119, 572
54, 877
52, 751
20, 882
42, 674
15,994
48, 652
503. 427
38. 056
129, 066
113.821
50, 238
51, 668
20, 913
42. 647
12. 758
44. 26()
.298
2. 167
.060
.301
.810
. 052
.570
.019
. 400
.050
.234
.167
2
.531
.238
3. 274
.298
3
)
.061
.301
.801
.052
.572
4
. 020
.400
.050
.234
. 184
(3)
. 23S
.602
.298
.298
298
.061
.301
. 869
. 052
.571
.061
.301
.869
. 052
.570
061
302
S5r>
052
570
. 400
. 050
. 234
. 199
'.400
. 050
. 234
.200
399
050
234
1W
\ 238
3. 805
. 238
3.979
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total-thous. of dol.
New England
.
do...
Middle Atlantic
.
do.,.
F'.ast 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_.
,">73. 50 *
41112
158,0S7
! 30. 0K7
50, 173
50, 987
21. 624
41.77S
14.747
49, 309
543.991
43,136
152.548
122, 888
54,339
52,598
19,413
40, 088
14,743
44, 238
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso._
Belgium..
dol. per belga.Brazil, official,.
dol. per milreis..
British India
dol. per rupee._
Canada
dol. per Canadian dol__
Cbile
dol. per peso..
Colombia
.
do
France
.
dol. per f r a n c .
Germany
dol. per reichsmark__
Italy
dol. per lira..
Japan
dol. per yen..
Mexico
dol. per peso _ _
Netherlands..
dol. per guilder..
Sweden
dol, per krona..
United Kingdom
dol. per £_..
Gold:
Monetary stock, IT. S
mil. of dol...
Movement, foreign:
Net release from earmark^
thou?. of dol...
Exports.
do
Imports
do
Production, estimated world total, outside
U. S. S. R
thous. of dol..
Reported monthly, totalcf
do
A frica
do
Cana da
do
United States
do
Receipts at mint, domestic (unrefined)
fine ounces..
Currency in circulation, total
mil. of dol .
Silver:
Exports
thous. of dol..
Imports
do
Price at New York
dol. perfineoz._
Production, world
thous. of fine oz._
Canada§
do
Mexico
do
United St ares
do
Stock?, refinery, end of month:
United States
-do
f
. 298
(3)
. 001
. 302
. 803
. 052
. 570
\ 400
. 050
.234
. 238
4.(133
.298
. 165
.061
.301
.878
. 052
. 572
.022
.401
. 050
. 234
.205
.531 j
.238 !
3.925
3.
i. 298
. 167
.061
.303
.893
. 052
.572
.023
.401
,050
. 235
.202
. 531
. 238
4.011
79,516
15
69, 740
107, 244
90.999
44,105
15, 158
21,785
17,931
90.873 -200,811
10
11
167, 991 451,183
40, 034
103,675
87, 525
44, 208
14. 875
| 17,512
101,438
85, 102
44.162
15. 209
15, 936
421,796 i 274.843 241,879
7,342 | 7,483
7, 598
1.773
7, 268
.357
24. 426
2.913
7,931
4.874
3,589 !
.022
.401
.050
.234
.167
.532
.238
3. 964
17, 644
17, 358
17, 091
487
4. 183
. 348
22, 193
1,898
6, 539
5,113
4,638
.298
.169
.061
.302
.867
. 052
. 573
.022
.401
.050
. 234
. 167
.531
. 238
.298
. 168
.061
.30!
.880
.052
3.963 j
18, 1— ! 18,433 I 18,770
I
97, 605
81, 362
44,311
14, 188
j
257.116 i 179,559
7, 376 | 7,455
j
452 |
298
887 '
5,799 | 4, 070
3. 795
.348 I
.348
. 350
23,452 ' 22, 088
22,494
1.653 l
1. 690
1,920
8, 128 • 6, 785
6, 210
4,852
:
5.611
5,716
3,533
.298
.169
.061
.302
. 842
. 052
.570
.020
. 401
.050
.234
. 167
.531
.237
3. 526
36,954 -213,447
53
18
201, 475 459.81C
236, 413
104,636
88,793
45, 562
14. 853
16,972
.298
.170
.061
.302
.829
.052
.571
.021
.401
.050
.234
.167
.531
.238
3.759
2,469 ;
2,295 :
104,067
Ss 075
40, 00-)
1" 04",
16.217
259, 423
7,511
657
5. 724
. 348
22, 501
1. 786
5, 723
5,744
2,447
19,209
(••
20. 463
07, 162 - 3 6 , 6 ' 2 -437.234
33
3, 5fi3 I 1, 219
219.885 438,695 1,164,221
20. 913
^3s
4 034
21 244
66.976 ! it, 0 >
10 !
i 5
351,563 1 " I , Hi
lot M ,- l o t ?_•<>
110,017 1(19 70"
1
' 94 111
M, 2i > i
17 •>ii, ; l> 171 I .7.000 ' I* 1M ' 4 - >(><» r 17.71 i
r
14, < ~2 j 15,488
15,795
lh M* i") in
1VK>
10, 408 i 16 500
11, 862
10.0"2
i s . 86f)
233, 901
7,710
231, 486
7, 848
368, 330
7,883
594
177
4, 589
5,170
. 319
.348
24,785 ! 22,169
1,770 ! 1,997
5,619
8,140
5,840
6,120
884
4,673
.348
23, 423
3, 096
6,511
5,373
3,424
240,003
7, 559
1, 385
1.870 !
307,780 i
8,059 |
8, 151
15
5, 378
. 318
180
4,107
.348
139
4.050
. 34S
2,042
6, 861
5,530
1.791 !
8. 12(1 | . _ . .
4,419 I 5,049
3,997
1,605 ; 1.557
Revised.
?liminary.
1
Quotations not available August 26-October 16.
2
3
4
Average for May 1-9.
No quotation.
Average for June 1-15.
+37 companies having 82 percent of total assets of all United Stairs legal reserve companies.
<8>40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.
1Or increase in earmarked gold ( —).
§Data reported by the Canadian government have been substituted beginning 1940 for data previously reported directly by producers to the American Bureau of Meta 1
Statistics, as the latter data have been temporarily discontinued. Annual totals from the two sources have been in fairly close agreement but the monthly movement in the
past ha° been Quito different.
r 1
d Beginning with April 1910, whore direct reports fnvi f ireign countries wore lacking, available reports of tlie American Bureau of Metal Statistics were used. "When no
<,'U.rr,MU reports wore available at the 1 inio o( conipilatr.m, the last reported figure was carried forward. The eoniparabilif y of the data lias been effected by these substitutions.
December 1940
33
SURVEY OF CURRENT BUSINESS
1940
Monthly statistics through December 1989, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
February
ary
March
June
May
April
July
August
September
FINANCE—Continued
CORPORATION PROFITS
(Quarterly)
.Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.)J
mil. of dol.-j.
Autos, parts, and accessories (28 cos.).do
i
Chemicals (13 cos.)
do
j
Food and beverages (19 cos.)
do
I.
Machinery and machine manufacturing I
(17 cos.). _
mil. of dol--i
Metals and mining (12 cos.)
do.___!.
Petroleum (13 cos.)
do
!.
Steel (11 cos.) .
do
I.
Miscellaneous (55 cos.) t
do
:.
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
mil. of dol...
iFederal Communications Commission:
Telephones (net op. income) (91 cos.)..do
Interstate Commerce Commission:
Railways, class I (net income),
.do
I
Standard Statistics Co., Inc. (earnings):
i
Combined index, unadjusted*
1926=100..|
Industrials (119 cos.)
.do
!
Railroads (class 1) •
do
|
Utilities (13 cos.)
do
246.6
92.9 j
37.1
17.1
296.2
91.7
45.7
10.7
6.2 i
16.3 !
57.7
44.7 ;
v 226. 3
P72.6
32.9
21.0
9.0
4.5
15.9
35.1
35.0
9.0
3.9
12.1
38.1
36.7
52.1
|
|
I
I
i
54.4
61.4
61.8
62.5
55. 9
126. 1
<* 12. S
68. 5
92.1
102.5 !
d
7.7 :
147.2
114.5
118.!
74.2 !
135.9 !
f 81 3
J vj. ()
95.1 !
'0.9 !
141.0
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of mo
mil. of do! -. 44,137
Public issues:
38. 459
Interest bearing
.
do
Noninterest bearing
do
Special issues to government agencies and
trust funds
mil. of dol.J 5,102
Obligations fully guaranteed by U. S. Gov't: '
5,810
Total amount outstandingd*
mil. of doL.
By agencies:cT
1,209
Federal Farm Mortgage Corp
do
2, 621
Home Owners' Loan Corporation..do
1, 097
Reconstruction Finance Corp
do
•Expenditures, total, including recovery and \
870,241
relieft _ _
thous. of dol
873, 936
General (including recovery and relief).do
— 4, 939
Revolving funds, net
do
Transfers to trust accountsf
.
do
0
Debt retirements-..
do._..
1, 244
'Receipts, total.
do
365, 351
Receipts, net*
do
333, 258
Customs
.
do
29, 371
Internal revenue, total
do
318, 578
Income taxesf
do
44, 039
Social security taxes
do
37,614
Taxes from:
Admissions to theaters, etc®
do
2,021
Capital stock transfers, etc®
do
•Governmental corporations and credit agencies:
Assets, except interagency, total ...mil. of dol. .
Loans and preferred stock, total
do
Loans to financial institutions (incl. pre- !
ferred stock)
mil. of doL.
Loans to railroads
do
Home and housing mortgage loans. _do
Farm mortgage and other agricultural i
loans
mil. of d o l . All other
do
U. S. obligations, direct and fully guaran- j
teed
mil. of doL.
Business property
do
Property held for sale
do
All other assets
do
Liabilities, other than interagency, total do
Bonds, notes, and debentures:
I
Guaranteed by the U. S
do
Other
.
do
Other liabilities including reserves _ _do
Privately owned interests
do
Proprietary interests of the U. S. Govern- j
ment
mil. of dol J
^Reconstruction Finance Corporation, loans out- i
standing, end of month: J
Grand total §
thous. of dol... 1,648,746
720, 324
Section 5 as amended, total
do
Banks and trust companies, including !
83,110
receivers
.thous. of dol
4, 690
Building and loan associations. _
do....
2, 105
Insurance companies
do
157,094
Mortgage loan companies
do
469,769
Railroads, including receivers
do
3,554
All other under Section 5
do
Emergency Relief and Construction Act,
as amended:
Self-liquidating projects (including financing repairs)
thous. of doL. 3], 785
Financing of exports of agricultural sur- i
47
pluses
thous. of d o l . j
Financing of agricultural commodities
44^
and livestock
^.-.thous. of doL.
41,040 ! 41,310 \ 41,961 : 42,128 i 42,375
36, 421
510
36, 517
499
4,109
4, 295
5,448
5. 707
!
1,279
1,269
2,823 j 2,817 ;
820 ; 1,096 ;
2,118 :
1,275
4,356
4,471
4,496 j
5,673
5,663
5.656 j 5.535 : 5,528
1,269
2,813 :
1,096 i
1,269
2,809
1.096 :
1,269 !
1,269 1,269
2,783
2,770
2.763
1,096 i
1,096 1,096 j
4, 256
1,975 :
1,012
1,487 !
1,087
871,554 :792, 288
815,963 !756,975
5,633 | 5,988
0 j 20, 000
49,958 ! 9,325
934,208 !304,203
!799,391 ! 304,203
i 28, 702 ! 26,479
!886,370 i 261,772
i 665,487 ! 47,621
\ 30,481 \ 39,194
:
1,853 i
1,043
2,391
784 ,
1,260 i
1,247 !
500 ;
497 !
2,358 ; 2,365 !
1,273
489
2,363
3,738 ; 3,721
1,093 ! 1,112 I
3,726 i
1,100 |
1,232 ! 1,196
504 1
509 i
2,376;
2,365 \
3,709 |
1,100 !
1,180
517
2,377
3,700 ; 3,699
1,118 i 1, 140
5,708 ! 5,704;
1, 352 I 1,348 j
995 i
1,004 i
397 |
397 !
395 I
3,866 | 3,602 ' 3,617 ;
933,880
883,092
3,425
0
47,363
784,218
648,323
28,101
694,932
463,786
31,749
1,198 !
521 ;
2,347 |
I
3,705 |
1,160
3,719 !
830, 599 708, 382
699, 794 693, 620
5, 072 - 1 3 , 0 0 9
113,520
25, 195
12, 212
2, 576
367, 064 566, 388
331,221 447,196
25, 225
23, 630
326, 141 522,813
49, 655
37. 645
39, 098 139, 131
760.286
757, 536
- 8 , 954
10,000
1,704
711,124
710, 584
22, 627
672, 540
431, 669
29, 437
* 1,734
••448
* 1,684
'486
i
!
12, 092
8, 513
12,410
8, 623
12, 371
8,583
1,170 ; 1,212 I
524 I
515 !
2,355 ! 2,323
1, 202
552
2,342
1, 189
553
2, 336
1, 194
513
2,348
3,700 | 3,224 !
1, 183 i 1,187 j
3,233
1,185
3.349
1, 197
3, 328
1, 200
893
559
|
!
608
! 1,103
| 7,912
3,607 |
|
i
I
I
i
I
i
i
!
!
j
! ' 1. 633
r
\
669
1,791 | 1,646
1,593 i 1,833
i
12,176 ] 12,085 ! 12,021
8,930 ; 8,922 • 8,470
5.657
1.327
1,069
403
3,663
1,269
2.634 i
1,096
1,269
2,641
1,096
i648,814
I 642, 330
i
975
| 3, 500
! 2,010
'•
399.598
!399,598
! 26, 251
:356, 508
< 40.197
I 137,299
5, 700 I 5,675 ' 5,664 I
1,321
1,323
1,340
1,019 ! 1,057 ! 1,065
400
401
398
4,025
4,775
2,001 i
948 |
895 !
888 !
895 i
891
900 !
879
874 I
549 i
558
555
553 i
542
552 !
543 ;
?
610
661
i
629
652
;
689 ;
644
|
678 i
1,187
1.039 ! 1,033 | 1,013 ! 1,038 ! 1,100 1 1,123
7,845 ; 8,064 , 8,048 | 8,059 ! 8,053 ; 8,052 j 8,053
5,449 !
1,357 j
1,039 j
4,585 ,
r 43, 909 j 44, 073
38, 337 '38,386 ! 38, 417
593
584
589
5, 063
4,934
5, 809
5, 526
5,811
1,269
1, 269
1, 269
2, 623
2, 631
2, 626
1, 097
1, 096
1, 096
37,625 i 37,671 I 37, 605
591
541 '
555 |
5,699
4, 231
12,063 I 12,062 ' 12,064 i 12,078 j 12, 116
8,914
8,951 ! 8,920 I
12, 105
8,956
42, 971 I 43. 774
42,663 j 42,810
5,703
721,458 |648,006 |841,329 I 712,994 !668, 376
701,893 1 632,573 1 822,858 i 713,225 i 654,170
8,785 I 5,066 I -543 I 3,979 I 3,812
10,000 i 10, 000 | 10. 000 j-5,000
10, 000
790
779
394
367 ; 9,013
321,511 I 406,967 I 569,136 ' 314,549 !443,830
278,511 !363,967 i 521,136 i 314,549 ! 443,830
32,418 j 29,049 | 27,814 : 35,788j 25,651
271,583 | 354,929 !517,924; 257,969 i 394,688
37,652 I 34,142 |319,143 j 45,338 i 62,663
35,556 ' 129,706 ; 29,225 i 45,263 | 177,756
1,728
2,806 i
42,559
37,234 ! 37,364
37,493
37,531
526 ! 557
496 !
509 ;
j
!
I
i
I
j 5,535
i 1,337
| 1,039 I
404 j
j
3, 770 j
879
562
1,067
1,043
7,977
!
i
i
!
|
871
567
1,067
1, 075
7,842
846
569
1, 061
1,312
8,400
824
570
1,081
1,313
8, 403
5,529
1,343
1,105
405
i
i
I
|
5,526
1,351
964
406
5,811
1.354
1, 234
407
5, 809
1, 356
1,238
410
3, 639 1
3, 844 i
3, 603 |
3, 558
1,640,936 11,615,596 j 1,609,856 (1,596,231 ! 1,620,764 i 1,625,200 -1,620,643 11,614,836 11,635,255 1,651,829 11.651,615 11,621,602
679,064 ! 689,603 j 697,205 I 703,038 j 706,458 j 715,979 ! 718,030 | 712,328 j 720,085 | 749,921 i 753,087 j 715,778
l
94, 872 i 93,128
90, 613
3,647 !
3,480
3,637
2,389
2,457
2,433
142.876 | 145,436 146, 243
458,841 i 467,887 471, 747
3,765 ;
3,615 3,401
102,126
3,433
2,615
130.167
436,650
4,073
!100, 773
i 3,375
i 2.571
I 134,432
!444.314
! 4,138
100,007
3,342
2,506
138,595
448,792
3,963
42,679
42,664
38,258
38,232 i
38, 230
19,371
63
105
47 :
47
751
751
751
'•
96, 477
i 3,506
! 2,478
!142, 464
!454,194
j 3,919
751
747
89,008
4,138
2,354
146, 846
466, 093
3,889
i 87,761 i 86,303
83, 898
85, 226
I 4,347 j 4,270
4,597
4, 625
2, 176
i 2,331 !
2,313 2, 188
j 145,951 I 146,637 149,737 151,456
470,
039
| 475,856 | 506,823 ;
507, 627
j 3, 839 ; 3, 775
3, 612
3, 6S4
37,870 ; 38, 540 | 40, 010 j 19, 915 , 19, 784
:
47
47
747 '•. 675 \
47 ;
625
20,509 ! 21,262
47 i
47
47 ;
47
525 ;
521
520 1
520
dd
^Revised.
v Preliminary.
Deficit.
• N u m b e r of c o m p a n i e s varies slightly.
§See n o t e m a r k e d w i t h a " § " on p . 34 of this issue.
Deficit.
c f T h c total includes g u a r a n t e e d d e b e n t u r e s of certain F e d e r a l agencies n o t s h o w n separately.
^ I n c l u d e s r e p a y m e n t s u n a l l o c a t e d , p e n d i n g advices, a t e n d of m o n t h .
fRevised series. D a t a on total e x p e n d i t u r e s a n d transfers t o t r u s t a c c o u n t s revised beginning 1937 a n d on income taxes beginning S e p t e m b e r 1936; see t a b l e 50. p . 18 of
N o v e m b e r 1940 S u r v e y .
*Ne\v series. F o r d a t a beginning J a n u a r y 1937, see t a b l e 50, p . 18 of t h e N o v e m b e r 1940 S u r v e y .
Lneous g r o u p t o 54 a n d t h e total to 167.
t A merger d u r i n g t h e second q u a r t e r of 1940 reduced t h e n u m b e r of corporations in t h e miscellane
FRASER
$ Excludes collections from national defense taxes u n d e r R e v e n u e Act of 1940.
Digitized for
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
ber
1940 Supplement to the Survey
December 1940
1940
January
February
March
April
May
June
July
SepAugust tember
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)-Con.
|
R. F . C., loans outstanding, end of month—Con. |
Direct loans to business enterprises (including participations)
thous. of d o l _ 127, 906
Loans for National Defense under the Act
of June 25, 1940*__
thous. of d o l . . 14,316
Total Bank Conservation Act, as amended
thous. of doL_ 564,744
83, 409
Drainage, levee, irrigation, etc
__do
105, 772
0 ther loans and authorizations §
do
126,862 | 130,026 j 130,625 ! 130,377
131,919 i 130,704 ; 130,466 ; 130,566
130,732 k 129,945 k 129,371
10 !
564.556 ! 541,423
83,482 I 83,750
124,171 i 127,316
539,936
83, 998
118,978
535,376
83, 814
104,596
554,240 j550,091
83,874 | 83,966
105.249 ; 105,796
552,134
83,723
97,028
548,669 i 574,558
83,740 ! 83,596
98,851 105,797
570, 778
83, 299
97, 524
128.676
4, 844
563,561
83, 223
101,242
504, 510
83. 360
102. 599
CAPITAL FLOTATIONS
Security Registrations!
(Securities and Exchange
Commission)
Total securities effective under t h e Securities
Act of 1933thous. of d o L . 287, 456
5,743
Substitute securities *
do
3,369
Registered for account of o t h e r s . .
do
Registered for account of issuers, exclusive of
substitute securities
thous. of d o L . j 278, 345
Not proposed for sale
do
! 22, 219
Proposed for sale:
!
Issuing and distributing expense:
I
Compensation to underwriters, agents, I
etc
thous. of dol.. j 4,874
1, 233
Other
do
!
Net proceeds to be used forj
Total
do
| 250,019
New money
do
i 14,899
Purchase of:
j
0
Securities for investmentdo
|
13
Securities for affiliation
do
j
0
Other assets
do
j
Repayment of bonds and notes.do
j 233.624
697
Repayment of other debt
do
!
511
Retirement of preferred s t o c k . . d o
I
4
Organization expense
do
|
270
Miscellaneous
do
I
Gross amount of securities less securities re- i
served for conversion or substitution, total j
thous. of doLJ, 273,307
T y p e of security:
Secured bonds
do
; 230.483
Unsecured bonds
do
' 11,429
23. 869
Preferred stock
do
7, 397
Common stock
do
i
130
Certificates of participation, etc
do
I
T y p e of registrant:
;
3,177
Extractive industries
do
j
Manufacturing industries
do
; 70, 097
1,779
Financial and investment
do
!
7 7°2
Transportation and communications do
!
Electric light, power, heat, gas and water
j
thous. of do!..! 189,833
700
Other
do
30,817 ! 114,924 I 166,571
0 ! 8,100
181 !
3,640
3,578 !
855 |
146,482 249,933
1,300 ! 1,225
1,300 I
1,088
70,996 '• 245,723 \ 102,761 82,577 | 200,313 ! 123,242 130,581
6,516 i 8,753 ! 3,022
5,694 |
457 |
422 15,405
r
5,752 i 25,382 i 2.469
418 i 4,140 i 32,246
5,851
27,059 I 114,069 ! 154, 830
1,916
13,550 \
5,288
143,882 ! 247, 620
41,507
16, 307
58,727 211,587
11,798 ! 78,522
1,247 ! 4,069 |
653 !
203 !
3,414 I
1,190 !
12,059! 107,430 | 144,938 I
6,492
4,922 ! 8,480 |
2,632
0
235
1,428
1,223
43
4
2
37,541 !
0
200
190
53,970 126,208
7,384 ! 6,461
3,214
3,391
15 I (
6
379 i
0 !
8,461 I 113,994
97,645 \ 224,312
17,133 j 17,125
2,370
25
0
73, 002
4, 558
0
2
555
10,832
0
0
180, 555
5,420
10, 249
(°)
132
153,367 i 143,542 • 241,143
13,444
46,815
500
17,700
3,391
2,200
11,317 I 33,443
12,645
1,000
125, 681
10, 900
8,710
8,076
0
0
;
! 9,929
' 40, 776
7,823
:
11,194 I 54,955
2.250
511
1,523
8,818
2,927
1,750
4,027 i 5,547 !
702 | 1,454
97,270
0
76,464 I 195,715 ; 90.574
20,225 j
429 10.717
1,959
358
4, 523
1,182
109,324
14, 102
3. 410
374
3, 248
057
93, 632
44,381 ! 127,391
11,291 | 43,361 ; 8,252
53,923 \ 189,581
70, 074
4,293 '• 22,984 31.990
91.257
45, 432
3,943 ! 2,556
0
0!
0
0
1,384 |
76, 621
8,454 I 53,532
6,105
640 ! 7,818 j
99
12,248 i 18,316
28 I
0
393
0
132 I
9,030
279
0
38,155
8
2,139
0
18
4. 303
152
0
37. 342
2, (394
1. 123
60,474 j 225,510 ; 99,739
76,882 I 199,591
4,632 •
2,091 I
457 j 1.042 ;
3,126
511
10,232
oi
o !
47. 289
31,270
40, 679
24, 303
0
153.522 i 13,477 ; 44,217
53,866
46,506 i
0
84,509
17,209! 19,366
23,369
19.409 i 38,424
536 I 8,223 ! 4,493
3,200
75, 000
5, 039
14, 119
2,381
6,160
23,517
224
1,401
323
26.293
4,999
2,184
2,375
122,320
12,282
18,504
! 1,957 i 10,819
I 21,567j 61,839
i 16,768 : 14,374
705
; 9.210 !
4,864
86,112
2, 745
3,768
119,176
2, 891
107, 300
2,444
84,018
824
85,413 i
250 | 10,150 j 53,755
0
2, 250
335,061
286,809 , 450,801 ; 240,633 ; 344,896
58,144
0
2,254
6,799
9,685
2,016
18, 039
0
537
200 !
00
161,423 ; 19, 181
997 '
00
1,909
0
1
52
196
105,148
72,000
11,040
9,209
,194
110.
780
0. 050
24! 878
10, 405
57, 917
10. 870
75 i 3,974 !
5,726 : 81,396 ! 55,
9.835 i 2,180 ! 10,
4,337
0 i
28
205
407
500
54,700 111,676
13.319
2,210 ,
359 28,323
132
11 •"), 107
39.
22,
io!
19.
17.
541
598
010
375
500
12, 750
38, 158
t),
815
0
50.380
7.058
Securities Issued
(Commercial and Financial
Chronicle)
Securities issued, by type of security, total (new i
capital and refunding)
thous. of dol .! 710,020
New capital, total
d o . . . . ' 257,003
Domestic, total
d o . . . . 257,003
Corporate, total
do
j 47, 278
Bonds and notes:
Long term
do
21,080
Short term
.
do
0
Preferred stocks
do
9,877
Common stocks
do
10, 321
Farm loan and other Government agencies '
thous. of d o l . . I 112,099
Municipal, State, etc
do
i 97,626
Foreign, total
do
0
Corporate
do
0
Government
do
0
United States possessions
do
i
0
Refunding, total
do _ J 453.017
Domestic, total
d o . . 1453,017
Corporate, total
d o . . . . | 345,347
Bonds and notes:
;
Long term
do
i 331,651
Short t e r m - .
do
0
Preferred stocks
do
: 13,651
Common stocks
do
\
45
Farm loan and other Government '
agencies
thous. of d o l . .
28,050
Municipal, State, etc
do
I 79,620
Foreign, total
do
0
Corporate..
do
0
Government
do
0
United States possessions
do
0
742,711
218,420
338,340 : 88,920
338.340
88,920
20,297
21.640
98, 421
98. 421
30, 528
94,251 i 103,959
94,251 i 103,959
35,405 i 45,404
15.418
0
816
5,406
21,373
0
3,545
5,611
19, 483
0
2, 284
13,638
0
67,280 :
0
0
0
0
0
67,1 393
0
0
0
0
0
58, 846
0
0
0
0
13,816
0
3.207
3,274
275.866
42,177
0
0
0
0
250,144
71,213 ! 117,609 122,111
70,463 117,609 ; 122,111
30,527 : 53,925 i 89,287
32, 746
10, 000
1,590
1,069
15,957
0
3.700
10,870
31,025
79,680
100 :
0
15,253
0
7,547 ! 9,607
800
5,600
34,336
750
0
0
750
5,500
58, 184
0
0
0
0
57,755
0
0
0
0
3,000
29, 824
0
0
0
0
226.457 , 690,209 : 281, 4
81,861
81. 861
9.339
396,071
396, 071
44,989
129,104
128,604
07, 938
6.875 ! 42,543
910
0
65 1,096
1,489 1,350
13.427
1.S99
289, 458
61,624
0
0
0
0
0
5( »0
2. 250
70.272
0
0
0
0
no. OH 7
1 10.087
f
>s. 006
113. 72S
C
2, 720
J. 558
404, 370
402,870
157,474
129,500
129,500
90, 835
236, 640
236,640
195,817
192,559 i 346,842 169,419 : 227,287 128.033 144,596 ' 294,138 ; 152,365
192,559 346,842 169,419 ! 227.287 ! 128,033 144,596 i 294,138 ; 152,305
137,460 210, 842 103,799 192,353 , 82,660 102,276 ; 225,623 111,494
114,752
111,552
02, 405
157,431
0
43
0
88, 277
0
2. 558
0
189, 307
0
4,900
1,610
101, 898 196, 370
0 !
0
35,562 ! 14,472
0 i
0
96,947 223,116 107,047
5,000 ;
0
0
0 !
257 4, 421
329
2,250
20
00, 440
830
1. 180
0
235,093
10,303
1,500
0
0
1,500
25, 850
12, 816
0
0
0
0
18,600
22. 223
0
0
0
0
28, 870
13, 450
0
0
0
0
20, 0G0
23,087
3, 200
28,800
26, 299
0
0
0
0
21, 695
114,305
0
0
0
0
87,049
3,000
13,750
0
16,942
48, 678
0
0
0
0
154,191
82,660
0!
0
37,546 !
0
617
0
17, 350
17,584
0
0
0
0
25,150
20,223
0
0
0
0
48, 400
20,115
0
0
0
0
13,346
"Less than $500. r Revised.
tRevised series. Data on security registrations revised beginning January 1938, see table 47, p . 15 of the November 1940 Survey.
•New series. For data beginning 1938 for substitute securities, see table 47_, p . 15 of the November 1940 issue. Loans for National Defense under the Act of June L'5, 1910
or July-September were included with loans to business enterprises in previous issues.
§Data revised to exclude a loan to the Rural Electrification Administration advanced in varying amounts during 1936-39, now classified under allocations.
35
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
FINANCE—Continued
CAPITAL FLOTATIONS-Continued
Securities Issued—Continued
(Commercial and Financial Chronicle)
Securities issued by type of corporate borrower,
total
thous. of doL. 392, 625
47, 278
New capital, total
do
16, 268
Industrial
do
Investment trusts, trading, and holding
0
companies, etc
thous. of doL.
148
Land, buildings, etc
do
5, 444
Public utilities
do
Railroads
do
15, 258
Shipping and miscellaneous
do
10,160
Refunding, total
do
345, 347
Industrial
.do
86, 660
Investment trusts, trading, and holding
0
companies, etc
thous. of doL.
367
Land, buildings, etc
do
207, 334
Public utilities
_
..do
50, 558
Railroads
do
428
Shipping and miscellaneous...
do
Domestic issues for productive uses (Moody's):*
67
Total
mil. of doL.
40
C orporate..
do
Municipal, State, etc
do
177, 771
20, 297
6,057
112,475
21, 640
7,658
226, 345
30, 528
14, 088
172, 865
35, 405
13,913
256, 246
45, 404
5,249
134, 327
30, 527
1,201
246, 279
53,925
22, 598
171,947
89, 287
6,094
111,616
9,339
2,826
270, 612
44,989
3,772
179, 432
67, 938
23,124
130,471
68, 006
17,-544
0
111
1,505
9,200
3,424
157, 474
3,443
0
750
2,185
9,525
1,523
90, 835
12, 000
0
32
5,510
5, 998
4,900
195, 817
15, 215
0
0
18,184
31
3,277
137, 460
0
1,000
450
7,015
960
30, 730
210, 842
115,000
0
0
8,407
7,750
13, 169
103,799
24, 250
350
0
16, 767
8,114
6,096
192, 353
50, 943
0
280
0
400
513
660
200
0
0
3,785
2,000
728
102, 276
2, 500
0
0
11,012
15,205
15,000
225, 623
93,628
0
90
30,232
14, 292
200
111,494
60, 776
0
40
18, 521
25, 576
6, 325
62, 465
7.275
6,250
729
147,052
0
0
0
1,995
76, 840
0
0
0
386
119,200
60, 000
1,016
0
0
101, 368
20, 494
15, 598
0
575
89, 897
0
5,370
0
780
32, 269
35, 000
11, 500
0
1,000
41, 236
82, 252
16,923
0
2,960
1,500
0
0
0
427
94, 020
5,000
329
0
829
117,466
0
13,700
0
77
23,811
25, 300
1, 530
0
490
43, 300
7,900
3, 500
44
12
32
59
14
45
56
20
36
37
12
25
28
9
19
45
26
19
67
22
45
52
25
27
36
7
29
82
39
43
100
53
47
55, 065
22, 018
88, 854
207, 413
103,871
64, 025
'61, 570
160, 277
174,916
118,588
66, 668
122, 245
51,095
224, 706
r 54, 947
75, 692
76, 004
234, 340
75,147
77, 354
360
66
504
104
417
102
1,054
170
653
203
381
269
894
200
577
914
195
623
272
906
207
637
266
19,
63,
82,
78,
103
63
40
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short term)
thous. of doL. 165, 354
117,406
do
r
87, 006
134,808
r
r
r
100, 957
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
.....mil.of bu.
Corn
do._-
649
50
743
35
901
112
921
134
432
70
495
92
451
81
360
02
195
616
253
186
615
247
910
192
626
252
702
239
459
251
653
223
376
267
642
213
376
261
631
215
368
256
218
370
268
90.14
94.93
39.09
90.96
95. 62
40.64
91.33
95. 72
43. 28
78.5
84.7
98.7
52.0
114.6
104.8
81.2
86. 3
100. 2
57.1
120.4
106.3
81. 5
86.8
100. 2
57.5
121.2
106. 7
90,317
134, 597
81,388
121,857
67, 057
99,101
94, 71)1
148, 956
74,484
114,651
65, 530
102, 228
53, 571
82, 424
78, 398
129, 205
102, 663
3,677
98, 986
81,058
17, 928
98,120
2,131
95,989
82, 680
13,309
79,
2,
77,
66,
10,
705
337
308
566
802
125, 9(15
1, 597
124,368
109, 915
14,453
52.879
48, 347
4,532
47, 666
45, 894
1, 771
53,431
48,903
4, 528
48, 602
46, 762
1,840
53,914
49, 399
4,515
49, 239
47, 285
1, 954
53,913
49, 400
4,514
49, 043
47, t>99
1,944
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)..mil. of dol.
Cash on hand and in banks
...do
Money borrowed
.
do
Customers' free credit balances
....do
198
602
262
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
92. 84
87.87
92.02
91.24
91.97
90.79
dollars..
92.86
92.48
92.33
97. 03
92.47
95.70
Domestic
do
94. 59
95.68
96. 55
96. 51
95. 05
96. 02
44. 86
38.38
Foreign
.
do
52. 77
48.86
50. 55
51.23
52.00
52.23
51.58
Standard Statistics Co., Inc.:
83. 6
Composite (60 bonds) dol. per $100 bond-.
79.4
82.4
82.2
82.9
83.0
82.1
82.5
82.1
89. 2
Industrials (20 bonds)
do
87.3
85.3
87.3
87.5
86.4
87.0
86.8
87.3
100. 6
Public utilities (20 bonds)
do....
101.8
101.7
101.6
99.3
100.5
101.8
101.8
101. 6
61.0
Rails (20 bonds)
do
58.2
57.8
53. 5
58.2
57.2
61.6
60.2
58.0
124.6
119.8
Domestic municipals (15 bonds)
do
115.3
119.1
119.7
117.5
120.2
119.9
110.7
108.
8
106.
7
105.
7
104.9
U. S. Treasury bondst
do
106.0
106. 7
102.0
103,8
105.3
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol.. 114,881 162,275 135, 515 125,631 134,462 103, 351 102,858 135, 784 149,103
185, 154 229,653 193, 891 206,047 208, 518 153, 589 163, 222 210,816 219, 740
Face value
do
On New York Stock Exchange:
93, 532 131,901 105, 994
115,226
Market value
....
do
81,857
81,807
108.459
98,662 101,179
Face value
do . . . 159, 704 194,212 159, 374 173,971 166,112 127, 344 135, 832 176,998 179, 936
Exclusive of stopped sales (N. Y. S. E.),
face value, t o t a l . . . . . . thous. of doL 150.981 170.089 151,685 176, 100 144,917 120,384 135, 239 165,116 176,105
2. 490
3,760
4,323
3,285
8,250
IT. S. Government
do_. .
14,203
5,628
4,322
2, 365
148,485 155,886 146,057 171, 778 141,157 118,019 131,954 160,793 167,855
Other than U. S. Govt., total...do
129,460 134,816 123, 230 146,192 120,903
139, 547
110, 849
144, 924
Domestic
do..
99,176
19,025
20,254
21,246
21,105
22, 931
Foreign
do..
21,070
22,827
25, 586
18,843
Value, issues listed on N. Y. S. E.:
54, 329
53,414
Face value, all issues
mil. of dol
52, 435
53, 988
53, 937
53,646
52. 452
54,067
53,853
49.966
48,879
Domestic issues
do
47, 922
47, 869
49, 440
49,313
49,108
49,512
49,400
4, 363
4, 540
Foreign issues
_do.._
4,531
4, 548
4, 538
4,537
4, 566
4, 554
4, .535
50.438
50,006
46, 937
Market value, all issues
do
49, 679
47, 621
47. 839
49, 920
49, 605
49,612
48, 481
47.611
Domestic issues
.
.
do
47. 314
45,197
45, 500
47, 265
45.331
47, 541
47,305
1,957
1,740
Foreign issues
do .
2,340
2. 396
2,366
2,290
2,339
2,379
2,217
Yields:
Bond Buyer:
2.32
3.00
Domestic municipals (20 cities)
percent..
2.72 |
2.70
2.62
2.59
2.63
2.93
2.59
Moody's:
3. 46
3.65
Domestic corporate
do
3.54
3.70
3.69
3.63
3.60
3.58
3.83
By ratings:
2. 79
Aaa
do
2.S4
2.82
2.93
3.00
2.94
2.86
3.15
2.88
3.08
Aa
..do
3.16
3.14
3.05
3.04
2.99
3.35
3.08
3. 01
3.74
3.68
3.65
A.._
.
do
3.94
3.78
3.69
3.65
3.59
3.48
Baa
do
4.92
4.83
4.85
4.86
4.94
4.80
4.74
4.88
4. 56
By groups:
3.06
Industrials
do.
3.12
3.20
3.43
3.25
3.14
3.09
3.05
3.21
3.18
3.30
Public utilities
.
do
3.41
3.35 i
3.33
3.29
3.24
3.57
3.38
4.15
4.44
4.39 |
4.37
4.33
Rails
. . . . ... do
4.47
4.37
4.46
4.51
Standard Statistics Co., Inc.:
2.69
2,32
3.08
2.58
2.81
2.56
2.54 I 2.60
2.56
Domestic municipals (15 bonds).
do
2. 10
2.60
2.30 ;
2.25
2.25
2.38
U. S. Treasury bonds
....do
2.46
2.35
2.32
'Revised.
•New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17, of the September 1940 Survey.
t Revised series. For data beginning 1931, see table 55. p. 17 of this issue.
92. 08
9(1. 56
43. 07
82. 7
87. 8
100. 6
59. 7
1 22. 3
307. 7
2.67
2.53
2.52
2. 39
3.72
3.57
3.55
3. 50
2.96
3.10
3.70
5.11
2.88
3.01
3.57
4.80
2.85
3. 03
3. 55
4.76
2.
3.
3.
4.
3.25
3.33
4.57
3.15
3.23
4.32
3.12
3.23
4.30
3. 10
3.19
4.23
2.85
2.39
2.54
2.28
2. 49
2.25
2. 44
2. 18
82
01
52
06
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
December 1940
1940
Janu- | February j ary
March
April
May
SepAugust tember
July
June
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
_. mil. of dol -. 1,738.04
Number of shares, adjusted
millions . - 936. 43
Dividend rate per share (weighted average)
1.86
(600 cos.)
„
dollars..
3.01
Banks (21 cos.)
do
1.83
Industrials (492 cos.)
do
2. 54
Insurance (21 cos.)
__.
.do
1. 96
Public utilities (30 cos.)
do
1.36
Rails (36 cos.)
...do
Dividend declarations (N. Y . Times):
221,404
Total
thous. of d o l 213,843
Industrials and miscellaneous
do
Railroads ._
... .
do 7, 561
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31,1924 = 100..
58. 4
Dow-Jones & Co., Inc. (65 stocks)
dol. per share. _ 44.72
132. 39
Industrials (30 stocks)
-do
22.07
Public utilities (15 stocks)
do
28. 83
Rails (20 stocks)
.
do
97. 29
New York Times (50 stocks)
do
173. 26
Industrials (25 stocks)
.
do
21. 34
Railroads (25stocks)
...
..do
Standard Statistics Co., Inc.:
j
81.4
Combined index (420stocks)
1926 = 100...!
94.6
Industrials (350 stocks)...
do i
Capital goods (107 stocks)
do I 119. 5
90.1
Consumer's goods (194 stocks).--do
i
80.2
Public utilities (40 stocks) .. . . . do
27.4
Rails (30 stocks)
do
Other issues:
Banks, NT. Y. C. (19 stocks)
...do
53. 6
Fire a n d marine insurance (18 stocks)
1926=100-.
90. 0
Sales (Securities a n d Exchange Commission):
Total on all registered exchanges:
i
Market value
thous. of d o l . . 591, 703
Shares sold
thousands -. 24,006
On New York Stock Exchange:
Market value
thous. of d o l . . 505,193
Shares sold
thousands-_ 18, 522
Exclusive of odd lot and stopped sales
{N. Y. Times)
thousands.. 14, 484
Shares listed, N . Y . S. E . :
Market value, all listed shares rail, of d o L . 42, 674
1, 453
Number of shares listed
millions. Yields:
5.4
Common stocks (200), Moody's
percent-4.3
Banks (15 stocks)
do
5.5
Industrials (125 stocks)
do
4.2
Insurance C10 stocks)
.
do
Public utilities (25 stocks)
do
Rails (25 stocks)
do. ..
Preferred stocks, Standard Statistics Co., Inc.:
4. 99
Industrials, high-grade (20 stocks) percent - -
442.45 1, 573.05 1, 589. 37 1, 597. 25 1, 618. 60 1, 631. 30 1, 643. 66 1, 680. 36 1,690.37 1, 694, 82 1,713.08 1,711.42
936. 43 936. 43
936. 43 936. 43 936.43
936. 43 936. 43 936.43
935. 03 935. 03
936. 43
936.43
1.68
3.01
1.61
2.39
1.95
1.25
1.70
3.01
1.63
2.53
1.95
1.25
199, 969 659, 512
192, 915 608, 149
7,053
51, 362
330, 592
311, 996
18, 596
1.54
3.01
1.45
2.39
1.95
65.8
51.80
152.15
25.64
34.27
110. 33
194. 82
25.84
95.3
112.7
141.9
101.6
86.0
32.9
1.74
3.01
1.68
2.64
1.95
1.26
1.76
3.01
1.70
2.64
1.96
1.27
231, 651 338, 366 216, 350
215, 588 323, 201 213. 822
16,064
15,165
2,528
180, 341
176, 637
3,704
1.71
3.01
1.63
2.64
1.95
1.26
1.73
3.01
1.67
2.64
1.95
1.26
1.79
3.01
1.75
2.44
1.96
1.27
1.81
3.01
1.77
2.44
1.96
1.29
1.81
3.01
1.77
2.54
1.96
1.29
1.83
3.01
1.79
1.83
3.01
1.79
2.54
1.96
1.36
I! 96
1.36
449, 981 239,426 194, 824 365, 553 209.482
420, 278 223, 372 182,232 347, 331 207, 354
2, 128
29, 703 16,055
12, 592 18, 222
64.4
63.0
64.3
64.3
50.2
53.1
51.01 I 50.01
148.54
149.98
25.68 ! 25.00
31.63
33.38
109.01
108.59
194. 21
192.28
23.82
24.90
49.72
147.60
25.44
31.09
107. 40
191. 78
23.03
49.44
147. 29
24.87
30.83
107.83
192. 67
22.98
49.15
147.13
24.26
30.45
107. 66
192. 71
22.61
49.92
148. 91
25.09
31.00
109.17
195.13
23.22
43.48
130. 76
21.45
26.52
95.20
170. 95
19.46
39. 99
119.46
20.15
24.66
89.17
159.61
18.72
41.64
122. 23
22.42
26.43
90.46
161.49
19.43
42. 50
125. 32
22. 22
26. 83
92.21
164. 48
19. 94
44. 40
131.46
22. 18
28.43
96.27
171.50
21.05
91.8 ! 92.7
107.9 | 108.8
133.8
132.7
100.6
102.5
86.7 , 88.4
29.6
29.6
91.5
107.3
130.1
102.2
87.6
28.7
91.5
107.5
130.9
102.7
87.1
28.9
92.9
109.2
132.8
104.4
87.8
29.1
83.0
97.3
118.1
92.7
80.6
25.4
73.3
84.8
104.1
80.0
75.1
22.7
76.1
87.2
105. 9
84.2
80.1
24.4
77. 5
89.1
109. 5
85. 8
80.3
24.9
80. 9
93.7
116.5
89.6
81.0
27.0
63.2
94.2
110.9
137.2
102.0
87.3
31.6
63.6 I
59.9
58.7
58.3
59.3
59.3
59.2
58.9
52.0
48.8
90.7
91.9 j
94.0
95.3
96.4
94.5
94.3
83.8
78.7
56. 7
84,0
50.4
51.0
84.3
87. 4
,184,659 844,162 I 767,158 774,470 583, 619 632, 092 1,134,339 1,438,199 560, 463 320, 860 320,913 472, 741
51,103
14, 214 20, 728
69, 493 25, 451 15,191
43, 440 35, 426 I 31,446
31,710 26, 093 28, 718
1,044,948 723, 491 648, 942 652, 915 487, 929 527, 777 964, 608 1,242,999 487,116 264, 352 270,471 406, 925
10, 420
20,107
10,828
37, 599
54,517
19, 367 20, 568
35, 029 27, 516 23,175
24,141
7.616
38, 969 15, 573
26, 696
7, 307
16, 269
23,734
19,220
17, 769 15, 991 13,465
47, 374
1,431
4.0
4.0
3.7
4.0
5.3
3.0
45, 505
1, 432
4.5
4.2
4.4
3.9
5.3
4.6
5.09
46, 468
1,435
45, 637
1,441
46, 058
1,441
46, 695
1, 444
46, 769
1,446
36, 547
1,447
38, 775
1,450
39, 992
1,454
40, 706
1,454
41, 492
1, 453
4.5
4.2
4.3
4.1
5.3
4.5
4.6
4.1
4.4
4.3
5.3
4.8
4.6
4.0
4.5
4.3
5.3
4.7
4.6
4.1
4.5
4.3
5.2
4.7
4.6
4.1
4.5
4.3
5.3
4.8
6.1
5.2
6.1
4.9
6. 3
6.3
5.7
4.8
5.9
4.5
5.7
5.7
5.6
4.7
5.7
4.5
5.6
4.7
5.6
4.8
5. 5
4,7
5.5
4.4
5.8
4.95
4.90
4.94
4.92
5.10
5.04
5.07
5.26
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number-.
Foreign
do
Pennsylvania Railroad Co., total
do
Foreign
do
U. S. Steel Corporation, t o t a l - . do
Foreign
do.-_Shares held by brokers
percent of total
636, 884
6,787
209,346
2,752
164, 822
3,191
28.03
632,398
6,544
207,679
2,746
165,193
2,745
27.57
635, 288
6,674
208, 705
2,712
163,972
3,020
28.31
i
631,343
6,451
206, 907
2,742
164,553
2,706
27.48
FOREIGN TRADE
INDEXES
Exports:
Total: Value, unadjusted
1923-25 = 100-..
Value, adjusted
do
U. S. merchandise, unadjusted:
Quantity
do - . . .
Value
do
Unit value
do
Imports:
Total: Value, unadjusted
do-.-Value, adjusted
do
Imports for consumption, unadjusted:
Quantity
1923-25=100.Value
.
do
Unit value
-do —
Exports of agricultural products, quantity:
I
Total:
!
Unadjusted
1910-14 = 100..
Adjusted
do—!
Total, excluding cotton:
j
Unadjusted
do—!
Adjusted
do I
91
74
87
72
77
67
97
91
97
95
91
100
93
92
85
90
86
91
92
104
83
95
136
90
67
131
87
66
116
77
67
140
96
69
137
97
71
130
91
70
132
92
70
123
85
69
124
85
69
136
92
68
126
84
67
64
63
67
65
73
73
76
77
75
74
62
62
67
60
66
61
65
64
65
69
72
78
117
67
57
116
65
56
119
67
57
127
73
58
124
73
59
99
59
60
106
65
61
105
64
61
106
64
60
109
64
59
115
68
59
114 i
67 !
59
106
61
58
37
27
111
82
73
56
95
75
118
105
96
104
67
52
61
39
47
34
44
34
47
26
32
23
22
48
42
83
72
57
52
63
58
71
70
71
77
51
55
43
45
48
53
52
57
47
48
37
34
66
92 !
100 !
|
135 !
92 i
68 ;
78
74
115
77
68
60
63
37
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem- j Januber j ary
1940 Supplement to the Survey
ber
1940
February
March
April
May
June
July
SepAugust tember
FOREIGN TRADE—Continued
VALUE
|
I
Exports, total, incl. reexports
thous. of dol.-l 343, 485 332,079 292, 582 367,819 368,584 346, 779 352, 272
By grand divisions and countries:
8,997
11,342 11, 276 10, 789 11, 727
10, 385
Africa
.....do.—
15,613
Asia and Oceania
do
66,957
62, 780 58, 577 78,120 76, 061 61, 520 59,299
Japan
.
do
26,195
23, 367 25, 243 27, 556 28, 247 15,193
17, 800
Europe
do
122,003 127,690 104, 399 157, 340 172,640 165, 741 160,050
France
do
8
12, 555 13, 239 36,645 38.508 39, 277 42,034
4
3
1
Germany
do
0
39
44
(«)
9,598 10,083
6,029
8,623
Italy
__..do
12
6,301
8,300
58, 534 51,890
31,485
50, 395 67,143
United Kingdom
do
107,597
52,924
44, 477 42, 282 43, 671 49, 700
North America, northern
do
77,886
62, 847 52,113
51, 262 43,878 41, 647 43,131
Canada
do
76,682
61,715
48, 855
North America, southern
do
31,556
33,102 29, 510 32,311
27,758 28, 065 29,167
7,522
8,700
Mexico
do
10,061
8,579
8,394
9,926
8,046
South America
do
29,471
32,960 38,986
44, 227 38. 566 36,993 42,328
9,887
Argentina
.
do
5,151
10,821
10, 791 10,157
9,147
10, 368
Brazil
....do
7,176
10,116
10, 608 10, 483
9,216
4. 354
3, 908
Chile
.
--do
3,389
3,418
2,667
3,625
3,259
U. S. merchandise, by economic classes:
Total
. . . . t h o u s . of dol... 336,165 323,168 286,891 357, 450 j 359,098 338,639 344, 559
78,449
58, 318 64, 264 82,193 61,113 46,752
Crude materials
.
do
29,188
44,283
47, 254 30, 563 43, 741 59,884
Cotton,unmanufactured.
d o . . . j 10,541
26,583
37, 760 22, 656 24, 342 27, 705 31,222 25, 881
Foodstuffs, total
.
d o . . . . i 18,360
8,752
5, 386
7,784
7,257
10,213
Crude foodstuffs
d o . . . j 7,528
8,026
27, 547 17, 270 16, 558 20, 448 22, 470 17, 855
Mfd. f oodstuffs and beverages . . . d o
10,832
5,554
5,738
13, 777
4,099
Fruits and preparations
do
2,362
4, 316
4,087
6,889
4,057
4,876
5,133
Meats and fats
do
1,754
7,154
3,240
3,340
3,078
3,604
1,978
Wheat and
flour
do
2,946
2,259
5,752
64, 537 63, 200 75, 661 75, 362 71, 355 73, 508
Semimanufactures
do
81,421
Finished manufactures
do
207,195 142,422 142. 716 193,183 173,838 174, 950 198,418
Autos and parts
do...
22,531
18, 900 19, 870 24, 826 23, 736 23, 835 29, 326
9,638
5, 534
9,256
7,524
Gasoline.do
j .5,827
6,412
5,387
42,
316 38, 637 48.100 44, 173 45, 235 59, 726
Machinery
do
| 61,046
General imports, by grand divisions and coun- !
tries:
j
S
Total
.
..thous. of dol
207,141 215,281 |235, 402 246, 903 241,897 I 199, 775 216,732
10, 481 11,322
5,229 I 9,033
Africa
do...
9, 714
9, 955
8,030
64,197
Asia and Oceania
_._do.
89,843
77,695 91,005 100,107 65, 789 76, 041
Japan.
.
do
18,361
20,438
18,985
18,915 22,196
7,998
9, 335
Europe
._.-do . . | 18,330
53,853 60, 344 57, 333 52, 024 38,039 41,160
France
do
I
415
2,994
6, 313
5. 303
7,313
4,786
5,170
G ermany
do
|
241
1,557
2, 656
3, 383
924
1, 591
392
5,123
4,965
3,895
2, 613
Italy...
do.__.j
74
2, 563
3,968
14, 605 13,577
15, 719 14, 191
8. 945 14, 973
United Kingdom
do
• 9,873
40, 426 36,109
North America, n o r t h e r n . .
___do____| 39,163
33,215 30,164 26,963
26,401
Canada
.
North America, southern..
.
_.
_do....j 38,050
do
| 16.440
Mexico
. . d o . -!
South A merica
do
!
Argentina
do
j
Brazil..
. - ..
...
do
i
Chile
._-_do
!
Imports for consumption, by economic classes: ;
Total
thous. of dol..
Crude materials
do
'
Crude foodstuffs
do
;
Mfd. foodstuffs and beverages
..do
Semimanufactures
.
do
;
Finished manufactures__..
do....;
5,105
33, 650
',, 010
9,904
u. 378
213.133
88,904
22, 625
21,176
46,045
34. 3S3
39, 827
22, 029
4,379
29, 548
5,055
11,390
3. 728
34,833
15,166
5,352
37, 053
6,689
12, 395
6,629
32, 012
17,111
5, 912
38, 285
8, 363
10, 215
7,879
28,877
20, 002
5, 958
31, 570
9, 663
7.871
2, 480
26, 279
23. 270
6,733
35, 234
10,819
8,067
4, 593
324,008
325, 306 350,458
317, 015 349,928
13, 944 12, 545 12, 325 12, 243
53, 220 57, 898 53,755
59,146
15, 271 13, 721 15,421
15, 364
140, 240 124, 527 144,813 122, 837
45, 990 39, 350 47,237
206
0
35
70
C)
9,240 13,234
1,603
16
53,339
49,822 77,868
368
55,136 62, 738 67,679 108,
64,
486
54, 373 61,877 66,796
494
25, 249 27, 265 26,924 63,
6,624
7,472
6,536 24,163
7,110
36,219
40, 332 44,961
8,326
10,770
14, 759 34,139
10, 360 10, 384 10, 641 10,650
7,205
3,694
3,066
4,244
3,110
316, 520 318, 051 344,444 312, 337
40, 886 40, 277 33,589
31, 987
21, 086 13, 526
8,295
7,861
22,058
14,965
17, 758 20, 407
6,314
4,005
6,480
7,706
15, 744 10,960 11,278
12, 701
3,927
1,608
2,209
1,538
2. 762
2,056
1,764
3,151
3,381
1,993
1,536
2,593
65,810 74,490 76, 310 75, 545
187, 766 188, 319 216,787 184, 398
19, 493 21,337
17, 661 13, 964
5,364
6,110
6,332
3,966
62, 864 58, 422 54,496
48, 292
295, 245
125,309
71, 800
70, 707
27,888
7,198
34,137
10,170
7, 522
3, 543
14, 094
48, 405
17,778
113,523
72
0
90
103, 361
64, 626
63, 252
25,673
7,697
28,923
6,267
6, 753
2, 976
341,924
24,161
3,640
19,170
5,819
13,351
2,386
1,710
2,237
96,863
201,730
15,645
4, 365
56, 813
288, 270
22,724
5,138
15,331
4,974
10,357
1,813
1,729
2,153
78,575
171,639
15,735
4, 422
52,658
212, 240 211,382 I 211,390 232, 258 220,217
8,052 j 9,209
7, 958
14, 849 11,901
77,883
70,057
72,720 86, 645 90,795
8,760
8,972
9,283
13, 362 13,277
40,883
38, 215 35,876
32, 303 26, 566
4,220
3,222
5,351
1, 751
655
357
251
231
201
183
4, 953
4,053
4,210
802
158
12, 748 12,115
15,426
20, 299 13, 280
30,475 36, 917 37,802 39, 852 41,029
29, 778 36,180 37,164
26,089
37. 976 39, 467
26, 957 25,993
25, 797 28,491
24, 585 19,571
6,652
6,402
10,330
6,889
6,986
6, 330
27, 292 34, 024 30,355
34, 850 29, 048 32,344
4,743
10, 466
5, 084
5,067
5, 175
5,170
7,579
8,122
7,079
9,282
9,004
8, 396
3, 590
7,012
4,134
6,143
8, 583
6,372
194,928
12,581
86,220
11,124
15,762
267
231
116
9, 263
40.569
39,197
14,7 22
3, 876
25.075
3, 648
7,122
5,164
12,615
59,734
25,188
143,754
89
207,140 214,454 232,738 234, 634 189, 824 206, 719 202, 974 203, 702 205,397 217,828 214,100 | 196,312
70, 500 75, 386 86, 770 95,714
70, 420 77, 880 78,125
88,495 I 80.113
70,866
70,511
85,231
24,898
27, 881 25, 665 24, 793 23, 838 25, 636 25,052 26,095
23, 642 24,924 21,515 | 18,098
27, 722 21, 777 29.786
23,316
23,138
22, 812 24, 539 27,215
31,275
22, 567 20,588 ! 19,026
45,416
48, 614 55,619
53,732 42, 860 46, 596 42, 447 43,337 45,146
45, 414 50,342 ! 46,510
38,604
40, 795 34,898
29,567
37,079
33,794
32, 810 36,189
34, 823 39, 691 33,166 j 32,50"
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
...thous. of dol
Operating income
.
„
.do - Local Transit Lines
j
Fares, average, cash ratef
Passengers carriedt
Operating revenues
9,560
74 :
9, 525
76
11,007
74
9,167
80
9, 281
76
9, 586
84
9, 588
75
9,837
61
cents-, j 7. S253 7.8585 « 7.8585
thousands-.! 831,810 810,731 i 784,590
59,309 : 57,174
„thous. of dol_J
7. 8336
825.903
60, 649
7. 8336
811,787
58,950
7. 8336
767, 688
56. 545
7. 8253
823,167
59,974
7. 8253
798,945
57, S72
7. 82.53
813,615
59,139
9, 528
71
9,415 j
77 I
7.8253
7.8253
755,312 I 724,709
55,935 ! 53,574
7.8253 I 7.8253
726,760'<763,114
54,097 I 58,452
Class I S t e a m Railways
Freight-carloadings (Federal Reserve):
j
67 i
Combined index, unadjusted.__ 1923-25 = 100--i
86
83 ;
73
72
68 i
67 1
71 I
Coal...
do..--.;
72
87 !
79
95
80 j
70 !
63
67 I
69
95 i
Coke
do
|
97
101
106
88 !
62 ;
100 i
73 1
85
70 !
52 i
Forest products
do
!
57
44 :
41
43 !
44
44 :
48
47 !
50
87 i
Grains and grain products..
do
I
81
83 i
75
66
69 !
69
66 i
73
TO
62 !
Livestock
do
i
63
38
39
33 i
34
31 i
34 !
31
50
65 i
Merchandise, 1. c. 1
do
64
60
58
59 :
60
60
60 i
60
64
160 i
Ore
do
i
173
29 i
42 ;
25
26 !
26 :
134 j
170
105
97 j
91 i
Miscellaneous
do
!
100
74
81 '•
71 !
74 !
76
80 :
85
80 !
Com bined index, adjusted...
do
82 s
78 :
78
73 |
69 i
70
72 i
75
87 j
80 :
83
71 i
68
66 !
Coal
do
75
78 :
81
95 !
100 i
92 i
Coke
.
do
65 !
90
70 |
73 !
73 !
91
50 !
Forest products
do
51 i
51 !
47
44 |
43 ;
43
45 i
45
87 !
88 1
73
Grains and grain products
do
i
81
87 ;
75 1
79 :
75 !
74 j
74
44 !
Livestock
.
do
i
45
41 :
40
39
40 !
39 !
37 ;
38 1
38
62 i
Merchandise, 1. c. l.._
.
do..--'
62
59 [
63 j
62 !
62
61 !
60
60
60
108 i
191 !
Ore .
.__
do
• 117
116
114
107 !
105
102
96
100
M Isceilaneous
. _...
do
\
89
89 ;
89
86
83 !
74
77 ;
77 i
82
a
Less than $500.
fRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey, Passengers carried revised beginning 1938; see note
eu marked with a "X") on p. 37 of the April 1940 Survey.
70
89
46
110
31
60
182
82
75
83
105
46
80
35
61
96
80
78
M'
75
88
51
89
38
61
178
83
76
85
108
49
74
38
61
96
82
b'.y
94
56
89
54
64
18"
94
8(
99
51
r(
42
61
](H
84
" q " (note should have
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
December 1940
1940
January
February
March
April
May
June
July
SepAugust tember
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class 1 Steam Railways—Continued
Freight-carloadings (A. A. R.):l
Total cars
.
thousands. _
Coal-.-.
.-do
Coke
do
Forest products
do
Grains and grain products.
do
Livestock
do
Merchandise, 1. c. 1
do
Ore
do
Miscellaneous
do
Freight-car surplus, total
do
Box cars
do
Coal cars
do
Financial operations:
Operating revenues, total
_ thous. of dol._
Freight
do
Passenger
do
Operating expenses
do
Taxes, joint facility and equip. rents*..do
Net railway operating income
do
Net income
do-...
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
3,269
505
47
167
154
86
636
274
1.400
88
27
45
r 3, 356
r 658
46
152
165
84
640
253
»• 1, 357
68
34
15
3,040
601
47
142
148
67
616
182
1,236
108
47
35
3,262
671
59
155
171
63
716
55
1,371
160
58
69
2,555
643
50
115
117
50
554
38
989
126
59
36
2,487
571
43
121
123
43
571
39
974
178
69
75
413, 590 419, 717 368, 027 345, 247 345, 498 313,
348, 169 355,104 310, 434 276, 272 283, 107 257,
33, 465 33, 367 29, 289 37,816
36, 079
31,
276, 717 r271, 538 256, 170 249,013 257, 341 240,
49, 885 46, 463 41,511
35, 281 42, 591
40,
86,988 101,716 70, 346 60, 953 45, 567
32,
56, 521 33, 004 36, 622
2,927 * 10,
Waterway Traffic
Canals:
Cape Cod
thous. of short tons.. 0)
New York State
do
804
Panama, total
thous. of long tons..
2, 418
In U. S. vessels
do
1, 133
St. Lawrence...-.-.
thous. of short tons._
12,971
Sault St. Marie
do
Welland
-.do
Rivers:
437
Allegheny
do
183
Mississippi (Government barges only),do
2, 935
Monongahcla . - . . .
__do
1,603
Ohio (Pittsburgh district)
do
Clearances, vessels in foreign trade:
Total IT. S. ports
.thous. of net tons.Foreign
do
United States
do
Travel
Operations on scheduled airlines:
Miles
flown
thous. of miles.. 10, 635
Express carried
pounds. - 1,329,843
Passengers carried
number.. 334, 386
Passenger-miles
flown
thous. of miles.. 125, 921
Hotels:
3.39
Average sale per occupied room
dollars..
70
Rooms occupied
percent of total
100
Restaurant sales index
1929=100-.
Foreign travel:
U. S. citizens, arrivals
number..
U. S. citizens, departures
do
Emigrants
do
Immigrants
do..-.
Passports issued
do
1, 628
National Parks:
252, 788
Visitors
.do
79, 194
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:!
Operating revenues, totalf
thous. of dol..
Telegraph carriers, total.
do . . .
Western Union Telegraph Co., revenues
from cable operations
thous. of dol..
Cable carriers
do
Operating expenses f
do
Operating income t
do
Net income t
do
Radiotelegraph carriers, operating revenues
thous. of dol. .
475
630
945
519
338
618
761
3,123
624
45
160
163
53
741
51
1,284
188
70
2,494
444
30
129
131
45
595
59
1,062
163
67
2,713
470
33
134
126
47
597
195
1,112
154
69
56
3,535
600
50
171
164
52
725
326
1,446
126
54
43
327, 009 321, 439 343, 362
266, 721 265, 246 284, 634
33, 262 29, 956 29, 742
248, 594 245, 818 252, 803
41, 799 43, 483
41,681
36, 734 33, 822 47, 077
d
<*
9, 261 3,843
4, 955
344,813
280, 660
35,936
252,462
44,932
47,419
7,050
2,826
474
41
127
203
41
570
275
1,095
133
57
47
3,718
657
54
186
208
62
755
347
1,449
104
51
30
366,078 381,427 382, 603
300, 658 310, 645 316, 125
37, 732 40, 974 36, 094
261,999 267, 505 260,179
46, 974 47, 907 48, 231
66,015
57,104
70,193
21, 725 30, 7 33
16,042
40,066
.951
1,866
35,131
.953
1,591
31, 460
.961
2,020
32, 502
.952
1,932
29, 655
.947
1,709
31,116
.944
1,803
29, 903
.964
1,691
33, 086
.927
1,699
32, 908
.930
2,060
33, 713
.963
2,244
36, 398
.926
2,480
377.6
313.8
34.8
306.6
71.0
27.1
369.1
307.4
32.6
303.6
65.5
23.8
359.8
296.6
34.7
295.4
64.4
21.3
357.6
294.1
34.8
301.3
56.3
15.3
339.2
278.3
33.9
290.3
48.9
8.4
328.7
265.9
35.6
289.9
38.8
<* 1.7
328.3
269.9
32.4
289.0
39.3
341.8
281.4
32.5
290.4
51.3
9.5
359.8
297.2
34.8
299.5
60.2
18.4
356.3
293.8
33.8
302.7
53.6
364. 8
298.4
36.7
307.6
57.2
513
717
2,386
1,037
1, 215
12, 353
1,748
485
709
2,473
1,031
1,073
10,438
1,535
661
0
2,461
1, 047
33
953
404
566
0
2,338
1,066
0
0
0
434
0
2,124
1,022
0
0
0
631
0
2,279
1,073
0
0
0
572
0
2,081
1,042
268
1,278
449
665
2,319
1,358
1,057
12, 250
2,051
647
1,789
898
1, 055
13,455
1,913
320
181
2,457
1,443
303
192
2,494
1,427
214
128
2,658
1,443
60
83
1,281
315
125
79
1,615
836
207
158
2,288
1,135
302
164
1,984
1,208
475
246
2, 603
1,560
469
204
2,687
1,552
5,974
4,285
1,689
6,071
4,196
1,875
4, 536
3,215
1,321
4.356
3,034
1,322
4,250
3,014
1,237
4,597
3,198
1,399
4,759
3,078
1.680
5,845
3, 751
2,094
6, 335
4, 230
2,105
7,271
7,626
7,733
7,408
948, 501 844,413 1,038,278 817,633
194,216 171, 557 175, 263 150,102
77, 468 67, 031 71,530
61, 355
6,673
697, 385
139, 816
58,937
8,332
9,267
7,930
894, 581 871, 317 941,810
195, 062 224, 852 258, 451
88,062 100,044
80,686
3.40
66
104
0)
779
2,285
1,075
1,123
13, 842
1,832
399
0)
(
648
2,304
1,101
992
13, 002
1, 610
1,474
625
2, 418
1,202
1. 008
13,713
1,820
501
212
2,679
1,412
6,340
4,241
2,099
6,331
4, 307
2,024
5,415
3, 727
1, 688
423
192
2, 585
1, 396
9,549
10,121
10, 223 10, 0S4
981, 884 1,056,999 1,201,999 1,184,249
286, 272 296,539 I 320,990 310,293
110,840 112,377 i 121,602 118, 534
3.27
62
95
3.19
60
3.39
64
100
3.35
67
12,905
11, 948
1,310
6, 186
2,604
16,603
8,688
993
4,125
2,926
17, 254
12, 354
1,189
4,298
2,848
15, 692
10, 960
1, 110
4,812
2,435
11,308
15, 569
1, 317
4, 861
1,913
117, 430 124,864 259, 368
38, 580 77,869
32,967
539,769
166,667
927, 757
257,109
933, 783
258,128
497,149
149, 214
635, 802 570,836
4,170
4,749
685, 427
4,277
702,186
4,263
718, 140
4,402
702, 104
4,381
108,603
71. 007
28,693
71,950
21, 391
19,089
106,063
69, 741
27, 424
68, 995
18, 404
19,108
106,593
68, 972
28, 636
71, 850
19, 204
r
19,138
107,
68,
29,
70,
20,
19,
350
749
722
885
560
211
107,852
70,117
28, 781
69,711
16, 174
19, 334
10, 648
9,882
3.44
61
96
3.29
54
3.21
66
92
3.25
66
91
3.18
65
89
19,700
10, 033
1,996
5,492
1,759
10,129
7, 984
1,607
5.861
1,641
11,565
7,099
1,714
7,673
1,663
13, 367
15, 785
1,530
3,876
2,527
21,049
14, 125
1,248
7,025
1,870
22,822
25, 113
1,459
6,373
2,070
63, 486 68, 774
247,149
83,966
74, 298 27, 081 19, 740 19, 470
696,186 562, 047 675, 284 795, 095
5,254
4,367
4,467
3,704
77,122
21,189
671,769
4,558
735,316
4,871
105, 520 103, 403
68, 453 68, 394
28, 318 26, 265
69,157
70,052
22, 240 19, 406
18, 357 18, 447
102, 999
68,674
25, 512
67,868
20, 365
18,802
106, 094 107,155
69, 716 70. 469
27, 573 27, 859
69, S42
69,675
22,135
21,172
18,992
18,896
105, 125 106,144
69, 026 70, 023
27, 322
27,188
70, 568 70, 329
20, 119 20,973
18, 537 18,710
0)
3. 10
66
108
3.39
67
93
r
0)
3, 135
562
44
157
160
69
606
279
1, 260
75
33
24
16,067
16, 410
1, 192
6,923
2,109
11, 087
9,995
10, 313
9,324
11,925
10, 822
10, 445
9,451
10,020
9,094
10, 868
9,932
10,661
9,687
11, 586
10, 565
11.116
10.198
10, 773
9,906
10, 969
10, 188
684
1,092
9,308
1,094
230
610
989
9,210
424
599
994
9,408
332
'460
566
926
8,892
443
<*86
591
936
9,554
626
123
594
973
9,321
641
145
661
1,022
9,816
1,035
397
569
918
9,621
759
465
543
867
9,873
204
433
781
9,783
443
M32
658
1,103
10, 008
1,212
331
1,263
1,152
1,258
1,109
1,028
1,072
1,116
1,239
1,177
1,149
1,083
415
766
9,409
503
94
1,110
r
d
l
Revised.
Deficit.
Data temporarily discontinued by reporting source.
IData for December 1939, March, June, and August, 1940 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 asgiven in the adjusted figures offinancialoperations; earlier data may be obtained
by deducting operating expenses and net railway operating income from operating revenues.
fRevised to exclude data for radiotelegraph carriers; for revised data beginning 1934, see table 48, p. 16 of the November 1940 Survey.
December 1940
39
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
15, 566 ' 15, 452
Consumption
thous. of wine gal.
13,068
15,093
Production
do. _.
15,181
13,060
1,975
Stocks, end of month
do._1,496
1,479
Alcohol, ethyl:
23, 350 r 20,963
Production
thous. of proof gal
21, 787
13, 471
Stocks, warehoused, end of month
do...
17,975
14,168
Withdrawn for denaturing
__do...
25, 552 r 26, 000
22, 944
Withdrawn, tax paid
do...
2, 357
' 2, 248
2,282
Methanol:
Exports, refined
gallons _ 162, 302 263, 588 123, 995
.34
Price, refined, wholesale (N. Y.)-dol. per gal.36
.36
Production:
463
Crude (wood distilled)
thous. of gal463
480
Synthetic
do-..
4,408
4,158
4,612
Explosives, shipments
thous. of lb
37,740
40, 612
35, 477
Sulphur production (quarterly):
Louisiana
long tons.
Texas
.do-..
Sulphuric acid (fertilizer manufacturers):
Consumed in production of fertilizer
short tons175, 338 176, 860
Price, wholesale, 66°, at works
16. 50
dol. per short ton16.50
16.50
Production
.
short tons205,024 208, 461
Purchasos:
From fertilizer manufacturers
_._do...
31, 774
37, 562
From others
do...
40,049
32, 784
Shipments:
To fertilizer manufacturers
do...
42, 835
44,979
To others..
do...
57, 410
58,318
Stocks, end of month
do_...
75, 377
74, 027
11,434
11,158
1,173
10,147
10. 398
1,417
8,505
8,460
1,366
9,524
1,392
9,793
9,994
1,591
10,037
10, 037
1,586
9,625
9,706
1,662
9,497
10, 443
2,605
11,195
11,510
2, 919
14,157
13,694
2,445
22,080
14,614
19, 524
1,729
20, 656
15, 279
18, 386
1,504
20.381
18, 773
14,697
1,640
20,983
20, 677
16,730
2,012
20,218
20,957
17,611
2,035
20,953
21, 921
17, 752
1,782
21,423
21, 799
17, 490
3,380
22, 457
22, 393
19,621
2,020
24, 094
23, 645
20,918
1,424
21,559
18,480
24, 218
2,045
369, 290 228, 357 326,149
.36
.36
.36
35, 725
.34
21,932
.34
53, 341
.34
74, 295 228,961
.34
.34
198, 332
.34
442
3,486
32, 204
437
3,409
34,475
426
3,426
32, 877
390
3,852
33, 340
368, 246
.36
434
4.184
30,580
457
3,453
34, 690
447
3, 782
31,035
507
3,463
30,189
366
3, 549
37,180
149,995
525,157
137,445
573,421
140, 272 143, 742 137, 321 134, 050 ]53,215
140, 444
121, 820
546, 558
126, 650
530,047
408
3,788
35,036
172,332
182,160
158, 592 149,303
16.50
219, 838
10.50
235,023
16.50
16.50
16.50
212, 719 196, 290 192,846
32, 885
36, 889
26, 699
26, 826
19, 724
23, 685
19, 383
23,416
11,991
27,618
15,692
27, 330
18, 013
36, 029
24,133
32, 517
47,623
59,870
83,814
39, 636
58, 335
92, 040
40,300
55,650
93,132
34,685
55. 002
93, 231
32.533
58, 061
94,820
37, 371
59, 090
89, 282
34, 534
57, 344
90, 971
44, 063
55, 433
94, 628
108
79, 270
7,538
55,009
486
109, 670
101, 335
66, 407
2,799
4,214
187
70, 905
18, 629
43,474
489
126,952
106. 510
59, 518
705
18,161
379
56, 602
27,164
27,099
278
146,012
103. 281
56, 627
693
4.1, 798
1.450
70,952
1.450
62, 635
1.450
54,944
16.50
16.50
16. 50
16. 50
16.50
191, 643 176, 846 180, 553 194,664 193,243
30,782
31,476
33, 813
27,163
45, 680 42, 582
60, 923 59, 393
91,732 103,532
FERTILIZERS
Consumption, Southern States
189
thous. of short tons..
190
Exports, total
long tons.. 148,135 112,699
15,773
Nitrogenous
do.
18, 974
111,936
Phosphate materials
do
78,418
1,003
Prepared fertilizers
do
1.921
68, 208 110,046
Imports, total
.
do
63,090
Nitrogenous, total
do
91,431
34, 822
Nitrate of soda
do
42, 204
3,394
Phosphates
do
2,549
3
Potash
do
14.571
Price,
wholesale,
nitrate
of
soda,
95
percent
1. 470
(NT. y.)
dol. perewt-.
1.450
Potash deliveries
short tons
72, 622
Superphosphate (bulk):
Production
...do..
406, 809
Shipments to consumers
. do._
67.143
Stocks, end of month
.
do..
1,122,492
NAVAL STORES
Rosin, gum:
Price, wholesale " H " (Savannah), bulk f
1.67
dol. per 1001b...
2.34
Receipts, net, 3 ports
bbl. (500 lb.)_. 39,820
54, 574
528,065
Stocks, 3 ports, end of month
do.
630, 926
Turpentme, gum, spirits of:
.41
Price, wholesale (Savannah)
dol. per gal
.27
Receipts, net, 3 ports
bbl. (50 gal.) 8, 364
14, 605
Stocks, 3 ports, end of month
do.
44,961 ' 9 4 , 3 1 7
1,536
675
1,125
329
53, 398 60, 332 65, 798 108, 207
28,902
14, 847 20,053
20, 485
19.717 43,311
80,484
43,167
722
544
800
748
140, 544 178, 782 144,702 146, 797
73, 792 135,839 118,515 97, 020
26, 506 80,039 89, 679 79. 299
476
1, 228
406
600
40,094
19, 553 30,197
1. 450
10,106
1.450
5,412
1.450
3,511
1. 450
4,711
122
61
72
90, 061 122, 837 178,474
30,321
15, 379 21,021
66, 619 86, 672 128, 907
372
630
881
99, 002 117,250
89,891
83, 707 109,618
75, 542
62, 598 82, 342 52, 703
3, 386
9
3, 136
10, 349
7,441
8, 829
1.450
23,363
1.450
35,817
1.450
34,534
142
348
729
713
536
038
456
610
364
787
1.450
48,018
417, 410 405,199 430, 820
24, 368
30, 335
19, 225
1,228,028 1,233,297 1,256,690
358, 758 351,009 338,482 339, 736 327,169 323, 567 361,387 327,117
27, 584 45, 389 130, 823
52,741 158,717 221, 376 133, 372 61,120
1,250,521 1,115,331 834,900 906, 650 945,712 1,010,047 1,091,183 1,135,178
2.30
43, 736
643, 443
2.25
51, 032
642, 234
2.31
11,630
605,046
.26
10, 945
.27
10, 202
94, 677
.30
1,487
76, 664
1.76
1.42
2.35
2.38
1.61
2, 13
1.69
1.96
46,132
7,710
26. 679 37, 792 43,411
6,764
48, 389 40, 190
570, 403 544, 281 522, 133 516, 741 529, 416 519, 556 524, 212 522, 181
.32
.34
.33
.37
.37
.33
.34
.35
12, 340 11,496
611
1,202
9, 762
9,429 11,302
6,584
66, 532 58,369
51, 215 50, 704 53, 345 54, 488 55, 809 51,053
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory
thous. of lb_
Production...
do
Stocks, end of quarter
do_II_
Greases:
Consumption, factory
do
Production
.
do
Stocks, end of quarter
do
Shortenings and compounds:
Production
...do
Stocks, end of quarter.-, ._ .
do
Fish oils:
Consumption, factory
do
Production
.do
Stocks, end of quarter
do
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory (quarterly)
mil. o f l b . .
Exports
thous. of l b . .
Imports, total
do
Paint oils
do
All other vegetable oils
do
Production (quarterly)
mil. of l b . .
Stocks, end of quarter:
Crude
.
do
Refined
do
13, 383
64,460
6,027
58, 433
24, 745
64. 593
12, 402
52,191
16,022
81, 674
6,943
74, 731
256, 378
629, 499
417,673
229, 509
688, 427
560, 537
231, 581
610, 030
633, 821
235. 774
508,543
557,921
61,061
107, 304
60, 375
85, 454
112, 203
110,851
89, 978
109, 979
122, 330
82, 409
104, 520
121,217
330, 816
56, 621
273, 119
57,250
287, 998
52, 880
296,179
48,144
80,026
129, 743
245,150
63, 129
34,015
203, 521
47, 402
5,843
166, 507
43, 958
42, 816
174,462
1,019
17, 436
80, 975
16, 733
64, 242
1,069
784
654
10. 499
80, 711
20. 527
60,183
12, 091
66, 579
7,580
58, 999
914
15, 057
67, 011
9,107
57,904
910
9,178
66, 051
1,388
64, 663
8,804
71,149
11, 944
59,205
756
8,648
78, 214
15, 791
62, 424
558
10. 245
96, 629
19, 533
77,096
11,695
74,854
10,839
64,015
622
9,680
57, 977
2,745
55, 232
540
861
713
737
452
754
684
Revised.
t Revised series. Data prior to July 1940 on prices of gum rosin converted from price per barrel of 280 pounds gross (conversion factor 2.324) published In issues of the
SURVEY through August 1940.
r
40
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
1940
December 1910
1939
1940
DecemOctober October November
ber
January
February
March
April
May
SepAugust tember
June
July
70, 217
17. 454
46,933
19,137
20, 578
I, 261
36, 659
1,180
26, 286
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Con.
Copra:
Consumption, factory (quarterly) .short tons..
Imports
do
Stocks, end of quarter
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
„
thous. of lb-Refined (quarterly)
do
In oleomargarine
do
Imports
„
do
Production (quarterly):
Crude
do
Refined
do
Stocks, end of quarter:
Crude
do
Refined
do
Cottonseed:
Consumption (crush)._ thous. of short tons..
Receipts at mills
do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Exports
short tons..
Production
do
Stocks at mills, end of month..
do
Cottonseed oil, crude:
Production
thous. of lb. _
Stocks, end of month
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
In oleomargarine
do
Price, wholesale, summer, yellow, prime
(N. Y.)
dol. per .reproduction
thous. of lb. .
Stocks, end of month
do..
Flaxseed:
Imports
_.thous. of bu
Minneapolis:
Receipts
do
Shipraents
. . . . do
Stocks
do
Duluth:
Receipts
do
Shipments
do
Stocks
- _. do
Oil mills (quarterly):
Consumption
do
Stocks, end of quarter
do
Price, wholesale, No 1 (Mpls.)---dol. per bu.-i
Production (crop est.)
thous. of bu J
Linseed cake and meal:
Exports
do
Shipments from Minneapolis
do
Unseed oil:
Consumption, factory (quarterly)
do
Price, wholesale (N. Y.)
dol. per l b . .
Production (quarterly)
thous. of lb_.
Shipments from Minneapolis
do
Stocks at factory, end of quarter
do
Oleomargarine:
Consumption (tax-paid withdrawals).-..do _
Price, wholesale, standard, uncolored (Chicago)-..
dol. per lb...
Production
thous, of lb_.
Vegetable shortenings:
Price, wholesale, tierces (Chi.)...dol. per lb._
26, 801
17, 222
31, 790
1,464
36,157
2, 167
17, 774
2, 154
34, 744
55, 240
28, 658
35, 084
150, 528
58, 424
1,972
48, 863
22, 449
2,051
34,899
1,841
26, 240
69,478
73, 725
78,383 I
11,881 _
700
1.407
1,040
715
1,187
1, 283
642
651
1, 293
140
312. 138
130,714
2,335
321, 458
198, 853
1,403
288, 224
206, 503
224, 625
148. 288
221, 898
157, 201
200,675
184,433
8,689
. 054
.068
134,368 164, 685
356, 104 432, 530
505 |
378 I
1,165 I
149, 761
55, 986
2,464
34, 266
343
226, 764
219, 412
216
236, 596
217,083
141
196,194
200, 275
112
135, 993
175.093
159, 229
181,801
367.475
202, 274
138,692
201,407
98. 075
186,292
.068
97, 318
640, 916
1,763 j 1,972
139
119
2, 151
674
1, 778
948 i
1,360
1.109 i
541
566
1.084
145
1 178
51
26
35
42
12
31
. 083
10^600
,102
15,000
29,-189
.115
30,160
. 098
"16," 680"
-"I
52
47,227
129,173
61,574 I 36,438
142,833 j 98,843
.069 j
. 067
141,503 125,824 j 114,712
588,641 I 628,632 | 645, 875
153
130
2,720
52. 765
21,320
116 j
83,402
151,995 |
8, 188
1,058 '
30,914 I
21,480 I
101 !
127 j
88 I
1,751 |
2
18,453
21, 440
88, 287
.102
. 107 |
166, 150
8. 820 ~i6.~3s6""|
142,457 !
1, 237
56
0
88
2.14
2.11
50, 068
14, 200
35,688 j
14,960 !
66, 237
15,280
125 •
86
14,123
37, 352
110,592
80, 274
316,196
7,392
8. 526
. 060
45, 862
493, 658
161
123
519
42
38
248
170 j
53
0
130
183
10
180
78 S
23.15*
24, 267
312,007
9, 956
. 056
34,262
412,564
. 056
46,171
348,042
7, 307
1. ISO
2,816
5,813
347
7, 073
1.586
244
2, 293
1.691
1.935
661
209
172
701
63 I
1. 333
6, 637
3,148
1.78
21, 538
13, 760
85,526 :
.102 i
.106 |
.108
. . . . i 150,197 L
10,800 | 12,960 ! 13, 020
I 172,800 I.
1,926
10, 440
6. 943
7.038
1.4S
18, 500 i 2-2, 7P0 I
98, 977
.092 1
.105
"14"66o
353
599
333
40
155,320
95,884
.064 |
.060
79,498 | 51, 091
600,480 | 553, 395
I
1,434
176
132
42
18 1
40 j
1 I
140
19,566
36,303
79, 501
57, 339
8, 468
1,199
32 !
|
7,892 I
3,356 |
2.08 :
57
23
63
31
i 26,165
! 110,909
j
! 19. 396
| 66,134
278, 034
269
104
3 616
14, 529
19, 720
173
28
172
10,200 j 9,021
8,736
4, 866
1.84 !
2.07
! J 20, 330
148,245
56. 248
1,142
21,684
209,674
13, 772
293
89
317
10,077 |
146,156
58, 492
1,575
26, 729
202, 239
15, 083
318
428
4,059
629
34,960
2, 527 ,
18,150 i
196, 940
13, 407
679
367
5,154
1.86
3,084
34, 977
57,579
11,980
29,293
73,038
75, 920
1,226
234
7, 363
1.47
30, 629
27, 606
87,781
69, 451
424
146
521
623 |
18, 932
98, 519
70, 920
525
158
798
! 318,455
9,701 I 8,779
i
.069
.065 j
161,396 155,781
553,
702
490.350 j
875
78, 834
35.633
45, 756
128, 383
14,450 |
132,881 |
.<.iS7
11350 I " 3 4,'550
27, 719
25, 737
29, 409
28 474
2<\ 828
27, 5S0
.123
23,785
.128
27, 886
.120
25, 587
120
29^ 354
120
29 477
120
20 641
.120
27,408
24, 123 1 19,495 |
!
.120
. 120
24, 676
19,852
.104
.099
.099
100
100
099
.096
.095 j
.095 |
302
247
43
193
47
242
413
207
316
199 I
159
21*, 440
Kil.652
. 084
135. 3S9
16.6(rti
U".. 135
22,066
.120 !
. US
22,021 | 'J1,C64
. 115
20, 542
.093
PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
thous. of dol..!
Plastic paints..
do j
Cold-water paints:
In dry form
do.
In paste form
do_
Paint, varnish, lacquer, and fillers:
Total
do_
Classified, total
do.
Industrial
do.
Trade
d o.
Unclassified
- do.
218
48
233
40
213 |
34 !
203
32
205
34
186
42
215 i
54 i
272
54
181
302
179
270
153
206
159
277
140
252
133
264
186 !
320 |
234 j
382 j
37, 748
27,347
12.594
14,753
10,401
34, 540
24, 995
10, 976
14, 020
9,544
29, 396
21, 772
25, 934
19, 333
9, 409
9, 924
6,602
536
806
920
887
729
30,370 I
22,610 |
10,080 i
12,531 !
7,759 !
247
1,096
1,136
311
1,315
1, 232
983
944
1, 926
1,783
10, 234
11. 538
7,624
27,665 I
20,456 S
9,991 I
10,465
7,210 '
25,
18,
8,
9,
6,
I
36,206
26,552
30,972
15,580
9,654
I
I
j
41, 722
29, 744
11, 051
18 693
!
11. 978
36 271
25, 828
9 776
052
10 443
34, 056
24, 278
9 895
14 383
9 779
202 i
49 j
19H
311
34,991
To! 619
14,354
10,018
33. o 37
24, mi
10. 502
13. 599
9,88<<
CELLULOSE PLASTIC PRODUCTS
NTitro-cellulose, sheets, rods, and tubes:
Consumption
thous. of lb
Production. _ _
do....
Shipmentscf.
do
Cellulose-acetate sheets, rods, a n d tubes:
Consumption
thous. of lb_.
Production
...-do
Shipmentscf
do
Moulding composition:
Production
do
Shipments §
do
1
s
November 1 estimate.
December 1 estimate.
©"Includes c o n s u m p t i o n in r e p o r t i n g c o m p a n y p l a n t s .
^Excludes c o n s u m p t i o n in r e p o r t i n g c o m p a n y p l a n t s .
346 j
1,361 !
1,244
271
1.089 |
1,199 I
14
713
684
10
725
793
1,030 !
1,410
1,333
1.199
1,119
1,239 I
1,081 !
i
1,183
1,135
857
751
1, 177
1,024
;
!
I
i
186
1,016
918
212
1.090
925
174 j
852
848 !
171
800
926
212 i
770 |
850 !
168
899
12
550
589
18 i
637
655
558 j
490 j
10
702
649
6
634
562 ;
8
565
408
972
878
1,104
1,022
951 !
904 i
893
837
871
682
897
16S
S90 !
970 j
28(!
1,093
1,13 3
S2 6
1,423 I
],342 1
1. 70<»
1, 5! 11
41
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
Juna
July
SepAugust tember
CHEMICALS AND ALLIED PRODUCTS—Continued
ROOFING
Asphalt prepared roofing, shipments:
Total
thous. of squares.
Grit roll
do.._
Shingles (all types)
do...
Smooth roll
do...
4,611
1,291
1,520
1,800
2,486
632
810
1,044
1,546
408
447
1,137
314
285
538
2,105
488
625
992
2,286
588
921
776
2,924
761
1,184
980
2,707
734
1,076
897
2,982
827
1,166
989
3,484
1,012
1,293
1,179
11,514
11,193
11, 609
11, 485
12,091
12, 450
7,006
4,603
7,270
4,215
7, 931
4,159
8,482
3,968
10, 402
1,083
10, 937
1,154
11, 239
1,211
9,474
1,798
9,610
1.769
261
10,099
1,828
288
10 057
1 890
260
1, 926
5 117
165
222
442
35
2,068
490
670
908
3,947
1,138
1,358
1,451
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total §
mil. of kw.-hr.__
By source:
Fuel
do
Water power
do
By type of producer:
Privately and municipally owned electric
utilities
mil. of kw.-hr._
Other producers
do.
timate
customers,
totalf
(Edison
to ultin
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 and highway lighting
do
Other public authorities
do
Railways and railroads
do
Interdepartmental
do
Revenues from sales to ultimate customers!
(Edison Electric Institute)
thous. of doL.
13,060
11,861
11,661
12, 077
9,374
3,686
8,723
3,138
8,456
3,205
8,891
3,187
9,065
3,186
7,914
3,190
7,583
3,931
6,645
4,548
11,706
1,354
10,895
966
10, 661
1,000
11, 074
1,003
11, 262
10, 258
846
10, 557
957
10, 277
916
10, 616
992
10, 067
2,186
9,495
2,037
83
9,327
1,921
93
9,270
1,856
124
1,787
153
1,921
4,767
208
235
584
1,833
4,541
183
232
520
66
1,770
4,537
174
226
538
68
1,758
4,611
155
221
482
63
1,742
4,799
143
215
468
62
1,799
4,827
130
215
439
58
1,820
4,908
136
212
444
61
1,915
5, 186
149
224
451
58
213, 096
203, 265
197, 365
194,415
193. 288
195, 746
195, 556
201, 936
12, 252
11,104
Ml
977
" 8,124
r
3,853
r
10, 678
1, 299
204, 421
GASt
Manufactured gas:
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 doL.
Domestic do
House heating
do
Industrial and commercial
do
Natural ga*:
Customers, total
thousands..
Domestic .
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft.
Domestic
do
Indl., coml., and elec. generation
do
Revenues from sales to consumers, total
thous ofdol..
Domestic
do
Indl., coml., and e!ec. generation . . . do
10, 084
9,377
245
452
29, 466
17,152
2,389
9,764
10,072
9, 358
257
449
32, 525
15, 341
6,951
10,050
10,110
9,384
266
450
35,028
15,713
8,821
10, 269
10,040
9,328
247
456
38, 521
17, 693
10, 444
10.156
10. 071
9,351
257
454
37,3077
17, 446
10, 071
9,568
10, 052
9,334
246
460
35, 873
17, 167
8,522
9,971
10, 025
9,296
256
461
34, 182
16, 091
7,255
10, 646
10,119
9,383
263
460
32, 075
15,909
5,584
10,414
10,134
9,412
252
458
29,009
16. 995
2, 205
9,669
10,154
9,442
242
459
26, 792
16, 107
1,246
9, 268
10, 175
9,461
244
458
25,310
14, 780
937
9, 463
30, 638
22, 467
1,849
6,215
32, 056
21,498
3, 863
6,574
33. 598
21, 625
5,136
6,703
35, 968
22, 491
6,565
6,772
35, 236
21, 675
6,718
33, 728
21, 182
5,795
6,615
32,159
20, 906
4,518
6,598
31, 650
21,943
3, 102
6,493
30,250
22,422
1,621
6,122
28, 387
21.425
985
5,893
27, 075
20,265
802
5,911
7,309
6,777
530
103. 626
19. 623
82, 593
7,436
6, 861
573
118, 250
30, 997
85 655
7,479
6,892
584
129, 923
41,519
87, 106
7,435
6,861
572
149,148
57, 402
90, 392
7,442
6,873
567
158, 466
63.519
93,189
7,480
6,902
575
136,886
49, 721
85,604
7,459
6,886
571
121, 805
40. 069
81, 049
7,477
6,920
555
108, 434
30, 698
76.522
7,443
6,912
529
95, 843
21, 403
73,187
7, 422
6, 896
524
93, 287
17, 775
74, 355
7, 462
6. 941
520
95, 559
16, 141
77, 741
30,855
14,867
15, 784
38, 771
21, 072
17,457
45, 626
26,748
18,659
56,879
36,003
20, 638
59,677
38. 437
20.938
50. 136
31, 239
18,609
43,311
26,299
16,890
36, 722
21, 293
15, 226
30,517
16, 372
13,957
28,190
14, 093
13, 897
27,910
13, 118
14,582
....
....
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbl_.
3, 685
-4,238
4.382
5,109
5, 074
3,588
3,788
4,001
5,851
3,478
5.483
5,594
Tax-paid withdrawals
do
3,826
4,169
3,916
2,930
3,809
4,177
4, 300
3.238
5, 320
4,883
5, 853
5, 393
Stocks . . . .
do
7,696
7,191
7,926
r 7. 997
8, 314
8,000
8,391
9,105
9,324
9,508
9,018
8, 776
Distilled spirits:
r
14,921
11,553
Production...
thous. of tax gaL.
18,056
13,181
13. 938 13, 929
12, 506 11,846
6, 742
10, 657
7,581
16, 701
9,400
13, 485
6,517
8,406
7,818
Tax-paid withdrawals
. do...
7,928
4,850
7,634
7,543
8, 176
10, 871
r 11,092
1,501
1,058
716
623
748
775
Imports
thous. of proof gal..
504
866
702
770
1,824
1, 113
508.
205 512,394 514, 505 517,583 522, 503 527,362 525, 403 523, 596 521, 601 519,017
Stocks
thous. of tax gal..
510,622 506,864
Whisky:
r
7, 084
10,304
8, 946
8,033 I 10,021
9.599
3. 252
11,223
11, 504
6,762
5, 200
8,187
Production
do
r 8, 534
10, 385
7,704
5,500
6,469
5,793
3,617
5, 475
6, «il6
6, 354
8, 337
Tax-paid withdrawals
do..
5,848
912
959
1,298
582
645
674
41.'-!
589
534
752
1, 570
Imports.
thous. of proof gal..
661
469, 1Q0 465, 934 465,018 I 469,004 470, 519 473, 278 477,865 482, 556 480, 945 479, 189 477, 484 476, 980
Stocks ..
thous. of tax gal
Rectified spirits and wines, production, total
5, 202
6,341
4,002
2,679
3,402
3,480
3.721
4, 182
3,466
4,392
2, 389
5,239
thous. of proof gaL.
3,249
4,329
5.532
2, 764
2,669
2,078
2, 694
Whisky
do
1,630
3,446
3,501
4,218
2,839
ndicated consumption for beverage purposes:
16,266 i 12.390
' 13, 729
8,378
9,889
10, 520 10,210
9,741
All spirits
thous. of proof gal..
14,700
10,142
6,413
10,350
r
14,508 j 10, 870
7,243
Whisky
do
8,903
8,348
12, 644
5, 003
11, 991
8,242
9, 060
8,671
8, 156
Still wines105,599
35, 895
2. 064
8 134
1,885
Production. . . . . .
thous. of wine gal._
1,828
1,712
2,773
3, 303
2,019
22, 108
100, 105
8,624
8,011
6, 393
Tax-paid withdrawals
do
6,236
9 109
5,912
6, 069
5,775
4, 730
10, 425
3, 385
6, 435
424
Imports. . . .
do
379
233
370
252
304
247
306
102
136
665
196
Stocks.
do
139, 099 142,721 133 916
127, 936 121,877 | 116,323 110,695 105, 337
93, 254
93, 969 132, 148
91, 237
Sparkling wines:
Production
..
do
36
27
48
31
45
18
46
34
90
83
28
r.o
Tax-paid withdrawals
do...
56
101
50
25
14
17
18
24
34
18
20
52
80
Imports....
do
54
59
130
34
24
26
20
39
29
IS
101
32
576
Stocks . ..
do
511
597
512
506
532
556
619
6G9
660
G78
6S0 i
r Revised.
tRovised series. Data on manufactured gas revised beginning January 1938 and natural gas beginning January 1937; see tables 24 and 25, pp. 16 and 17, of the May 1940
Survey. Electric power sales and revenues from sales will be revised beginning 1937. At present, revised data comparable with the 1940 figures shown above are available
only for January to September 1939.
§ For monthly data beginning January 1920 corresponding to averages shown on p. 97 of the 1940 Supplement, see table 58, pp. 17 and 18 of this issue.
42
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
ber
1940 Supplement to the Survey
December 1940
1940
January
February
March
April
SepAugust tember
May
June
July
172, 643
.28
188,645
68,405
148, 049
.27
203, 800
77, 919
140 735
.27
183, 545
73, 449
152, 698
.28
163,715
58, 512
150,335
.29
144, 205
55, 754
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS
Butter:
Consumption, apparentf
thous. of lb._
Price, wholesale,92-score(N. Y.)._dol. per lb._
Production, creamery (factory) t-thous. of lb_.
Receipts, 5 markets
do
Stocks, cold storage, creamery, end of month
thous. of lb._
Cheese:
Consumption, apparentf
...
....do
Imports
do
Price, wholesale, No. 1 Amer. (N. Y.)
dol. per Reproduction, total (factory)f
thous. oflb._
American whole milkf
_do
Receipts, 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:f
Condensed (sweetened)
.__thous. of lb_.
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of
month:
Condensed (sweetened).
thous. of lb_.
Evaporated (unsweetened)-.
...do
Fluid milk:
Consumption in oleomargarine.
.do
Price, dealers', standard grade.dol. per 1001b.Production (Minneapolis and St. Paul)
thous. of lb.Receipts:
Boston
-.
thous. of qt_.
Greater New York...-. - . _ . .
do
Powdered milk:
Exports
thous. of l b . .
Productiondo
Stocks, mfrs., end of mo.
._..
..do
158, 668
.30
135, 435
53, 377
148,278 • 149,105 • 151,291
.30
.29
.30
121,920 1111,055 • 117,015
49,357
45,197
45,775
104, 673 128, 111
152,150
.32
126,040
53,743
136,005
.30
125, 265
51, 276
146,000
.29
136, 625
54,690
147, 068
.28
147,745
62,187
55,462
29,189
18,366
8,875
9,504
25,463
81,005
123, 628
134, 266
128,087
67, 849 ' 66, 821 ' 52, 584 ' 50, 284
2,093
11, 637
6,344
3,478
58, 376
3,339
57, 421
2,959
63, 909
3,698
61, 752
4,073
82,020
4,072
68, 673
3,363
60,608
1,780
63, 459
1,377
65, 700
1,534
.18
40, 660
' 30, 559
9,981
108,241
86, 805
.18
41, 200
30,440
13, 261
94, 295
75,181
.18
43,000
32, 780
10, 866
82, 664
66, 584
.16
53,000
39,585
11,527
74,937
61, 510
.15
61, 600
47,620
11,737
78,706
65,175
.15
86,800
67,780
12, 507
87, 555
73,056
.16
92, 400
74,090
15,003
114.362
96,143
.17
82, 700
67, 485
15, 276
138,049
115, 992
.17
72, 400
57, 635
13, 272
148,173
125, 300
.17
64, 800
50, 975
14, 786
149,309
127,202
89,783
.17
.18
.18
60, 300 ' 53, 465 42, 300
46, 050 ' 40, 408 ••31,442
17, 501 15,145
10, 614
143, 640 114,736 112, 217
123, 951 93,987
90, 219
5, 387
4,572
364
3,715
145
1,876 j
121
2,615
154
2,809
353
2,501
494
2,284
361
3,878
442
3,636
1,194
4,550
4,589
15, 068
3,368
52, 964
3, 402
16, 017
5.00
3.10
5.00
3.10
5.00 j
3.10 !
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.06
5.00
3.00
5.00
3.05
5.00
3.10
5.00
3.10
5.00
3.10
«• 3, 484 ' 2, 365 ' ' 2, 208
144,568 123,694 139,759
2,817
158,656
3,370
170,397
3,504
203,619
3,169
225,077
4,906
281,960
6,157
294, 203
6,736
260, 722
6,088
231, 572
6,610
195, 044
5,627
186,081
4,702
156, 253
4,579
150, 458
3,938
173, 378
4,014
207, 740
6,815
287, 778
10, 221
288, 565
10, 454
321,332
9, 728
349, 433
9,580
380, 545
4,988
2.25
5,696
2.25
5,761
2.25
5,074
2.25
5,244
2.23
4,691
2.18
3,811
2.18
4, 264
2.18
4,179
2.18
5,118
2.18
7,841
172, 036
5,990
9,115
6,312
358, 224 175, 646 188, 290
4,538
5,337
5, 545
2.20
2.22
2.19
26,043
28,215 I 33,548
37, 624
38,441
42, 638
41,113
45,110
43, 470
34, 931
29, 883
27,188
19, 798 19,452 | 18,789
128,697 121,848 123,192
19, 722
121,550
18, 509
116, 518
20, 309
122, 685
19,601
120,993
20,992
128,218
20, 370
126, 476
21, 505
126,158
21,381
123, 500
20, 344
1,966
544
573
796
26, 290 * 25, 952 20,225 ! 24,544
8,449
7,548 i 11,044
41,008
492
27, 870
17,946
458
27, 406
24,086
640
34,052
29,284
815
37,507
33,572
1,003
43,852
35, 843
1,048
46, 646
40,412
1,213
35, 859
42, 805
1,401
30, 291
46,624
27, 925
20, 928
!
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous of bu - _ 1*115,546
Shipments, carlot
no. of carloads-.
9,862
Stocks, cold storage, end of month
thous. of bu... 30, 831
Citrus fruits, carlot shipments-,no. of carioads-. 11, 664
2,938
Onions, carlot shipments
do
Potatoes, white:
1.445
Price, wholesale (N. Y.)
dol. per 100 lb._
Production (crop estimate)
thous. of bu._ 393,931
Shipments, carlot---no. of carloads.. 17, 917
• 25, 535
• 45, 252
10, 505
8,103
i 143,085
5,079
4,933
4,912
4,639
3,562
1,614
577
573
721
4,251
30, 307
11.910
3,320
30, 988
13, 806
2,016
26,198
17, 540
1,631
20, 306
18,850
2,453
14, 493
14, 334
1,814
8,638
14, 960
2,224
3,606
15, 511
1,135
13, 346
2,432
0
12,320
2,636
0
10,052
1,032
0
10, 150
1,195
' 8, 890
7,854
2, 307
1.700
1.806
1.925
1.875
1.981
15,263
" 12," 566
1.850
364,016
12,141
"17,979"
"247792
1,611
2.095
" 18," 798"
1.581
1.675
2.131
2.194
1.770
~21~879~
"22,"l80"
14,417"
~"7,"799~
"12," 492
5,789
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, incl. flour and meal
9,324
8,332
10,204
8,374
11,281
5,709
thous. of bu-_ 10.141
Barley:
229
399
248
358
122
909
153
Exports, including malt
.do
Prices, wholesale (Minneapolis):
.56
.58
.60
.57
.48
.54
.55
No. 2, malting
dol. per b u . .
.52
.53
.55
.54
.45
.50
.49
No. 3, straight
do
s 276,298
Production (crop estimate)
thous. of bu-. 308,021
5,059
7,161
5, 645
7,307
6,628 ~"8,~744' "6," 732'
Receipts, principal markets.
do
16,079
13,943
18, 614
17, 333
20, 398
11, 371
20,106
Stocks, commercial, end of mo.....
.do
Corn:
5,274
5,512
5,324
5,796
1,867
5,580
1,265
Export?, including meal
do
6,874
7,076
6,386
6,925
8,588
7,248
3 7,110
Grindings
.
.
._-.do
Prices, wholesale:
.59
.58
.58
.56
.48
.50
.64
No. 3, yellow (Chicago)J...
dol. per b u . .
.67
.66
.62
.59
.60
.69
No. 3, white (Chicago)
do
Weighted average, 5 markets, all grades
.58
.57
.59
.58
.63
.50
.51
dol. perbu..
32,619,137
Production (crop estimate)
thous. of bu._ 2,433,523
21, 923
12, 611
11,996
13,126
31, 609
26, 723
37, 609
Receipts, principal markets.-.
_do
9,469
8,125
7, 777
13,135
15, 893
18, 660
5,955
Shipments, principal markets
......do.
45, 851
42, 307
27, 541
40, 575
38, 202
59, 314
Stocks, commercial, end of m o , . . .
do.
39, 704
Oats:
154
72
81
162
117
74
Exports, including oatmeal
.
do
228
Price, wholesale, No. 3, white (Chicago)
|
.41
.42
.34
.43
.35
.39
dol. per bu..
.43
937,215
Production (crop estimate)
thous. of bu._ 1,218,273
4,756
4, 751
4,926
6,261
5,632
4,327
Receipts, principal markets
do
4, 238
12,054
7, 539
14, 552
13.199
Stocks, commercial, end of mo
„
do
7,867
7,093
8,979
Rice:
89, 926 107,179 247,142 316, 774 292, 278
Exports
pockets (100 lb.)_. 245, 881 304, 543
32,127
19, 072
23, 636
40, 905
8,568
58, 3G5
21, 221
Imports
do
Price, wholesale, head, clean (New Orleans)
.038
.039
.039
.039
.038
.037
dol. per lb-_ 4 .033
J 52,306
Production (crop estimate)
thous. of bu.. 51,924
r
Revised.
1
Production in commercial areas; not comparable with earlier estimates of total crop or commercial crop.
2
Revised estimate.
3
December 1 estimate.
*5 November 1 estimate.
No quotation.
6
For domestic consumption only, excluding grindings for export,
tFor monthly data beginning 1913, corresponding to monthly averages shown on p. 105 of the 1940 Supplement,
f Data for 1939 revised; revisions not shown above will appear in a subsequent issue.
5,636
3, 825
10, 673
6,630
185
130
206
218
228
74
.58
.56
.57
.55
.51
.46
.46
.45
.45
.41
.50
.42
5,910
10, 883
5,997
8,809
3,847
6,956
2,870
5,598
14, 155
10, 254
8,406
11, 074
1,467
7,042
1,261
7,607
4,139
6,390
6,701
5,940
3,357
6,324
2,372
6,674
.65
.66
.64
19, 231
12, 385
28,119
28, 892
12,617
41,181
.63
.74
.64
.77
.68
.66
13,116
17, 316
24,016
23,411
14, 339
25, 419
57
83
105
66
69
59
.43
.41
.35
.32
.30
.31
4,178
6,204
3,026
4,619
1,912
3,130
4,327
2,769
13, 287
8,395
7,075
9, 141
287. 517
27, 572
289, 562
59,860
294, 632
43,357
246,135
22, 711
190, 209
52, 240
247, 498
18,406
.038
.03S
.039
.039
.040
.038
11, 690
9,633
34,142
22, 464
15,126
25, 354
see table 20, p. 18, of the April 1940 Survey,
43
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
FOODSTUFFS AND TOBACCO—Continued
i
GRAINS AND GRAIN PRODUCTS—Con.
Rice—Continued.
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
2,896
thous. of bbl. (162 lb.)..
Shipments from mills, milled rice
1,558
thous. of pockets (100 lb.)_.
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
2,667
thous. of pockets (100 lb.)_.
California:
Receipts, domestic, rough..,.bags (1001b.).. 376, 624
126, 523
Shipment from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo. .-bags (100 lb.)_. 491,976
Rye:
2
Exports, including flour
thous. of bu. _
.48
Price, wholesale, No. 2 (Mpls.)-.dol. per bu._
Production (crop estimate)
thous. of bu 3 37, 452
1, 467
Receipts, principal markets
do__
8,112
Stocks, commercial, end of mo. „
_do._
Wheat:
Disappearance
.do...
Exports:
4,431
Wheat, including flour
_.__do__
Wheat only
___do..
1, 293
Prices, wholesale:
No. 1, Dark Northern Spring
(Minneapolis)
dol. per b u . .
.90
No. 2, Red Winter (St. Louis)..___._do
.82
No. 2, Hard Winter (K. C.)
do
.85
Weighted av., 6 markets, all grades..do
Production (crop est.), total
thous. of b u . . 33 792, 332
236, 493
S pring wheat
______do
555,839
Win ter wheat
_..
..do
Shipments, principal markets.. . . . . . . d o . . . . 15, 284
Stocks, end of month:
409, 356
Canada (Canadian wheat)..
....do
United States, total
do
Commercial
. . . ...do
176," 390
Country mills and e l e v a t o r s — . . . d o . . , .
Merchant mills
__„_.__.do....
On farms
.__._..do..,.
Wheat flour:
D isappcarance (Russell-Pearsall)
thous. of bbl...
Exports
.
do.-.668
Grindings of wheat
„..„_. thous. of b u . .
Prices, wholesale:
4.62
Standard patents (Mpls.)
dol. per bbl. _
Winter, straight (Kansas City)
do
4.01
Production:
Flour, actual (Census)
thous. of bbl..
Operations, percent of capacity
Flour (Russell-Pearsall)
thous. of bbl..
9,535
Offal (Census)
thous. of l b . .
vStocks, total, end of month (Russell-Pearsall)
thous. of bbl. .
Held by mills (Census)..
.....do
2,360
1,375
679
1,122
1,083
857
1,129
1,108
967
919
844
366
283
280
970
1,041
1,080
1,135
954
748
772
1,019
3,029
3,410
3, 282
3,079
3,017
2,994
2,890
2,632
2,084
1,647
1,170
1,183
354,776
123, 603
167, 793
65,521
89, 892
68,417
97, 273
140,976
154,940
91,480
293, 569
97,009
328, 769
141, 744
387, 539
167, 697
231, 879
196,394
319,168
473, 827
160,879
488,847
370, 380
544, 057
574,503
545,331
458, 505
437,830
445, 605
455,143
455, 525
358,843
473, 481
400, 797
1
.52
0
.51
.70
79
.67
272
.67
90
.70
112
.59
4
.45
2,053
10, 577
1,295
9,954
85
.67
» 39,249
2,070
10,540
1,768
10, 212
1,455
10,120
1,478
10,138
1,448
10, 048
1,324
9,912
695
9,506
4,629
1,701
4,173
1,452
2,650
3,816
1,430
6,728
3,704
3,837
1,833
2,239
227
1.03
1.05
1.04
1.05
.98
1.01
1.00
1.02
754, 971
191,540 !
2 563,431
14,936
13, 086
8,834
1.04
1.06
.99
1.01
1.04
1.06
1.02
1.01
1.08
1.11
1.06
1.06
1.01
1.04
.95
.97
7,403
8,659
9,459
18, 525
12, 7S0
29,319
21,442
17,925
310, 855 301, 434 292,090 288, 391
614, 904
437, 968
132, 842 119,001 1167761" 105, 401
128, 846
80, 817
114,231
94, 286
280, 625
258, 939
255,175
272, 300
105,595
97, 670
257,131
297, 542
87, 327
33,730
90,964
85, 521
160,150
180,052
352, 982
868, 207
186, 524
188, 618
133, 319
359, 746
2,485
597
.91
.92
.83
16, 856
335,367
316, 296
151,015
141, 986
157, 484
238,985
0)
.41
239
.44
9,037
1, 732
9,142
1,520
8,520
3,686
1,876
2,976
934
.79
.76
.71
.72
.09
.73
1
.44
153,880
176, 936
' 178, 935
148, 390
367, 777
1, 835
632
108, 213
3,044
988
.82
.83
.76
9.946
623
43,025
7,944
579
37, 770
6,074
402
36,848
9,284
434
39,323
8,233
508
36, 400
8,338
643
37, 812
8,227
427
37,632
5,778
428
38,694
5,756
256
35,079
9,443
385
38,921
8,902
435
40, 474
9, 377
437
42, 268
5.58
4.20
5.70
4.28
6.17
5.01
6.02
4.80
5.66
4.73
5.70
4.79
5.77
4.86
5.32
4.55
4.64
4.19
4.48
3.84
4.17
3.71
9,428
61.5
10, 779
752,851
8,298
56.3
8,929
655, 454
8,119
55.0
8,523
635,415
8,649
56.3
9,243
682,637
8,025
56.4
8,441
630,066
8,320
54.1
8,581
657,156
8,269
53.7
8,454
656, 277
8,514
55. 2
9,603
673,073
7,682
51.7
7,872
614,992
8,504
55.1
9,528
681,823
8,881
55.6
9, 587
705,137
4.34
3.88
9,288
65. 5
10, 264
735, 441
5,710
5,625
6, 475
5,165
6,000
5,700
5,300
3,998
5,100
5,350
5,500
4,193
5,200
5,450
5,900
4,601
2, 427
2,438
1,912
1,404
1,565
1,247
1,359
1,554
1,576
1,462
1, 737
1,785
2,175
1,110
1, 324
808
1,124
1,270
743
963
973
549
833
572
273
997
548
200
810
433
163
825
516
215
974
568
244
936
631
263
858
594
216
991
723
307
939
833
401
1,033
1,083
503
11.87
12. 09
10. 97
9.87
10.07
10.78
9.63
9.86
9.75
10.00
9.66
9.46
10.44
11.50
10.53
10.47
9.31
11.34
10.69
9.46
11.22
9.93
9.83
10. 89
11.31
9.69
10.33
9.59
10.44
11.02
9.85
11.00
11.33
10.41
11. 50
11.47
11.53
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 lb..
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 hogs..
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
«1• Revised.
Less than 500 bushels.
* December 1 estimate.
1
November 1 estimate.
3,113
2,458
2,847
3,331
3,772
2,922
2,710
2, 595
2,674
2,650
2,259
2,177
2, 302
2,371
730
42
1,825
617
37
2,177
665
40
2,482
849
46
2, 753
1,007
47
2,074
841
43
1,964
749
49
1,868
713
43
2,005
666
48
1,927
718
1,598
649
33
1,497
677
37
1, 692
001
36
6.41
6.97
5.95
5.15
5.25
4.93
4.94
5.46
5.66
5.99
6.23
6.59
9.2
9.2
9.9
1,894
2,068
2,523
954
1,530
610
3.83
8. 54
33
5.04
9.8
13.7
12.5
10.0
9.7
9.1
8.7
8.4
8.4
2,737
2,607
1,907
1,514
1,728
1,424
1,440
1,876
2,002
1,085
1, 669
890
1,075
1,520
944
984
429
671
141
1,071
653
119
559
84
824
620
89
1,046
828
156
1,077
917
169
1,687
915
779
132
972
921
214
876
1,188
383
4.01
8.88
3.85
9.00
4.39
8.84
4.33 i
8.38 i
4.60
8.60
5.09
8.60
5.53
9.64 !
5.10
9.07
4.16
9.63
3.84
10.16
3.45
9.14
3.50
8.75
7.6
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
December 1940
1940
January
February
March
April
May
June
July
August
September
FOODSTUFFS AND TOBACCO—Continued
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
Lard
-do
1,372
17
1,349
626
53
1,169
31
1,162
452
58
1,157
1,156
37
42
1,285 I 1,410
562 I
808
95
1,273
64
1,482
977
104
1,054
61
1,214
1,093
107
481,410
1,325
424,174
1,767
1,132
30
1,165
1,100
101
1,167
28
1,133
1,031
87
1,200
21
1,200
1,010
77
1,144
19
1,177
1,034
79
1,152
35
1,122
974
77
425, 409 467,486
1,325
1,491
1, 228
17
1,068
796
67
1,167
16
1,051
••662
58
524,926
1,508
494, 208 457,231
1,546
1,269
484,143
1,366
441,163
1,323
479, 493
1,076
480, 723 457, 359
1,403
1,280
.186
532,165
48, 055
.152
.150
.162
.166
.150
.159
.166
.170
499, 306 472, 202 445, 234 475,578 415,207 419, 498 453, 508 467,179
49, 242 67, 672 76,974
78, 573 74, 708 72, 560 62,020
53,193
.165
429, 851
45, 972
.176
471,496
42,004
.192
. 183
469, 808 453, 073
35, 663 ' 36, 303
69,139
69,618
3,823
777, 821
14, 033
10,198
61,608
62,147
3,499
58,391
59.088
4,187
438,167
1,531
56, 791
57, 555
4,803
67, 388
67,132
4,412
56,124
56, 281
4,488
54,871
54,677
4,257
57, 305
56, 657
3,580
56, 647
56, 567
3,463
52, 427
52, 245
3,254
54, 886
55,019
3,342
57, 579 ' 57, 661
57, 457 57, 921
3,192 '3,411
613, 248 641,838 660,957 723,992 573, 246 651,336
25, 700 33,008 36, 308 56, 576 52,815
25,356
19,091
25, 706 18,917 27,988
20,654
25,133
642, 696
23,806
18,849
659,459
18, 664
14,889
650. 297
15, 826
12, 697
617, 900
31,472
28,239
689, 594 651,872
13, 854
14,158
9,956
10,181
.183
.209
.185
.176
.171
.173
.168
.168
.171
.173
.175
.178
.183
.052
.068
.071
.083
.067
.078
.070
.077
.066
.073
.067
.072
.063
.070
.066
.072
.060
.070
.060
.065
.064
.069
.055
.066
.055
.071
747,045 600.505
114,789 99,520
520, 543 341. 393
298, 284 272,655
222, 259 68, 738
753,588
128,419
421,227
332, 272
88,955
906,801
172,131
631,564
469.459
162,105
939,102
178,395
790, 776
588, 601
202,175
742,054
140,979
907,293
650, 653
256,640
690, 346
130,199
921,510
652, 733
268,777
622, 544
113,315
878,008
611,956
266,052
675,942
121,956
876,512
592, 575
283, 937
694, 535
121,511
905, 296
598, 522
306, 774
595,749
103,983
851,896
548,688
303,208
541,180
90, 525
689,854
540, 486
84,310
564,904
329,214
235, 690
19,889
86, 226
26,042
76,904
28, 212
82, 336
26, 892
82, 415
2,238
2,369
1,682
1,274
5,980
3,341
79, 454 123, 793
7, 513
150, 366
7, 784
154, 947
417, 564
272, 290
POULTRY AND EGGS
Poultry:
32,937
Receipts, 5 markets
thous. of lb.. 44, 248 37, 224 81,135 77,806
22, 671 22, 054
114,625 79,228 127, 649 167, 643 166,962 144, 759 115,442
Stocks, cold storage, end of month
do
Eggs:
954
1,734
Receipts, 5 markets
thous. of cases..
619
803
1,017
Stocks, cold storage, end of month:
4,150
1,580
3,519
532
57
854
Shell
thous. of cases..
81
Frozen
thous. of lb-. 111, 743 104, 282 87,802 72, 279 56, 249 38,070 44,199
32, 987 34, 087
82,178 • 90,842
7,241
6,040
145, 653 ' 130, 787
TEOFICAL PRODUCTS
Cocoa:
Imports
long tons..
Price, spot, Accra (N. Y.)
dol. per lb..
Coffee:
Clearances from Brazil, total..thous. of bags..
To United States ...
do
Imports into United States
do
Price, wholesale, Rio No. 7 (N. Y.)
dol. per lb..
Receipts at ports, Brazil
thous. of bags...
Visible supply, total, excluding interior of
Brazil
thous. of bags..
United States
do,...
Sugar:
Raw sugar:
Cuban stocks, end of month
thous. of Spanish tons..
United States:
Meltings, 8 ports
long tons..
Price, wholesale, 96° centrifugal (N. Y.)
dol. per lb
Receipts: From Hawaii and Puerto Rico
long tons
Imports, totalt
do
From CubaJ
do
From Philippine Islands!
do
Stocks at refineries, end of month, .do
Refined sugar (United States):
Exports
...
do
Price, retail, gran. (N. Y.)
dol. per lb..
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii and Puerto Rico long tons.
Imports. totalt
do
From Cubat
do
From Philippine Islandst
do
Tea, imports
thous. of lb.
30,053
.0452
27, 215
.0537
28,366
.0517
17,032
.0588
22,951
.0561
30,917
.0538
14,865
.0556
11,886
.0600
20,119
.0553
22, 288
.0495
41,185
.0466
35, 396
.0426
24, 935
.0451
1,050
912
1,247
2,088
1,317
1,469
1,596
862
1,560
485
1,511
1,156
573
1,225
1,384
668
1,228
1,162
717
1,443
539
1,274
1,342
944
1,339
703
571
1,226
733
606
1,393
847
650
1,148
804
708
994
.051
1,414
.053
2,058
.054
1,712
.052
1,265
.055
949
.056
1,319
.056
.053
760
.053
972
.053
860
.051
567
.051
549
()
997
8, 334
846
8,163
930
8,059
1,213
7,662
7,644
944
7,251
1,053
0)
(0
C1)
1,473
M.072
804
624
1,183
2,226
303, 215 337, 292
247,328
244,604
.030
.030
.028
127. 822
145, 042
73, 155
71, 884
315, 501
526
276, 474 289, 291 333,186
.055
777
6,740
895
6,029
1,018
2,501
2,260
2,021
1,776
339, 755 351, 629
336, 579
380,198
997
992
.028
.028
.028
.027
.027
137, 264 122, 525 91,612 29,892
171.326 65,147 232, 646 111,620
105, 376 29, 511 204, 824 121,883
48, 886 29,104
34,055
13,397
305,164 365,491 378, 089 413,074
117, 576
208, 979
121,604
71, 107
445, 039
129,878
211,027
157, 045
49, 971
501, 547
156,155
207, 784
143, 329
60, 535
500, 912
148, 904
222, 536
129,006
93,447
557, 928
64, 831
232,047
148, 833
79, 824
557, 564
100,932
221, 696
155, 545
66,14u
487, 637
.034
.029
.029
3,995
.050
.043
18,995
.060
.052
13,469
.056
.048
17,627
.054
.046
14, 213
.052
.045
13, 631
.051
.044
15,132
.051
.044
19, 001
.051
.044
18, 392
.050
.044
38, 636
.050
.044
2,034
. 050
.044
1,406
25, 983
24, 994
960
9,030
3,550
16, 045
12.6%
3,288
7,653
1,284
18, 588
13,948
4, 153
9,953
8,499
63, 229
62,175
915
11, 954
15,418
13,968
13,072
893
11, 927
25,790
24, 452
22, 275
2,176
8,863
28, 710
35, 073
31, 278
3,794
8,056
26, 245
53, 878
45, 689
8,178
8,630
29,115
45, 794
38, 516
7,261
4,921
13, 755
37, 488
35, 273
2,187
6,510
3,991
40,129
32,048
8,066
7,316
975
0)
1,044
1,650
318, 357 368, 346
.027
.027
123, 983 125,256
198. 490 143, 034
98. 623 90,986
99. 852 52, 041
474, 426 412, 105
10,977
. 050
.043
271
43,668
37,562
6,023
7,176
7,420
.050
.043
1, 109
| 35,298
j 29,711
! 5,571
! 7,783
MISCELLANEOUS FOOD PRODUCTS
12, 268
12,820
19, 338 18, 216 16, 212 15,953
Candy, sales by manufacturers- -thous. of dol... 24,111
23, 442 24, 966 20, 297 18,612
Fish:
55, 715
35, 583
26, 603
28, 380 25,298 | 20,344
Landings, fresh fish, prin. ports..thous. of lb.. 40, 836 38,411
35,848 32, 049 26,166
86,061 204, 827 375,008 !
Salmon, canned, shipments..
cases..
575,762 237,735 190, 787 i 346,185 399,199 198,816 j 603,249
Stocks, cold storage, total, 15th of month
I
62,062
33,756
j 45,473
45,592
j
34,835
62, 622
thous. of lb_-j 93,155
83,296 J 84,571
Gelatin, edible:
|
Monthly report for 7 companies:
j
2,029
1, 587
1,229
1,688
1,949 i
1,976
1,924
1,400 :
1,558 1,811
Production
do
| 1,397
1,715
1,737
1,622
1,711
1,618 i
1,559
1, 571
1, 509 | 1, 194 1,531
Shipmentsdo
I 1,595
6,464
6, 950
7,009
6,985
5,616
6,716 |
6,033
6,385
4,970 | 5,335
Stocks.
.
do...-i 5,503
Quarterly report for 11 companies:
|
6, 971
7,515 .
6.356 :
Production . . .
do
!
10,362
10,287
8,844
Stocks . .
do !
' Revised.
i Not available.
f Revised series: revisions not shown above will appear in a subsequent issue.
t Monthly figures beginning 1913, corresponding to the monthly averages shown on p. 113 of the 1940 Supplement, will appear in a subsequent Issue.
15,679 j 23.409
51.461 i 44,624
880,148 ' 794,289
76, 479 : r 86, 321
1,150
1.674
5, 040
1,160
1. 399
5. 701
4.700
S, 000
45
SUEVEY OF CUKRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
32, 616
6,770
20,965
6,425
15, 533
7,780
SepAugust tember
FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
Exports
thous. of lb_.
Imports, including scrap
do
Production (crop estimate)
mil.oflb. _
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
M iscellaneous domestic
do
Foreign grown:
C igar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions..
Large cigars
thousands. _
Manufactured tobacco and snuff
thous. of lb..
Exports, cigarettes
thousands..
Prices, wholesale (list price, destination):
Cigarettes, composite price.-dol. per 1,000..
Cigars, composite price
do
Production, manufactured tobacco:
Total
thous. of lb.Fine cut chewing
do
Plug
do
Scrap chewing
do
Smoking
do
Twist
do
11,526
6,734
i1,320
16, 448
583, 508
34, 718
533, 455
5.760
46.056
28, 532
6,724
30, 457
8,425
31,260
9,478
2 1, 849
36, 687
6,174
18,408
5,285
32,550
5,159
15,912
5,790
7,644
6,239
14, 360
7,329
3,130
3,329
' 3,031
3,123
310
184
2,501
3
402
268
2,519
3
378
'227
2,290
3
357
207
2,431
3
16
117
18
119
19
112
18
106
17, 565 15,913
13,021
14, 461 12, 803 14, 568 13,163
14, 820 16,275
15, 840 14,890
505,098 331,204 388,085 375, 824 397,490 425,140 469,313 435,029 460, 523 487, 641 475, 725
29,924 27, 660 29, 333 28, 849 28, 729
30, 239 28, 436 24,057 26, 742 26, 857 27, 550 28,481
433,967 466,966 607, 719 616,661 576,914 537,206 509, 420 803,312 604,312 406,076 639,101 285,106
5.513
5. 760
5. 760
5.760
5.513
5.513
5.513
5. 513
5.513
5.513
5.513
5.513
46. 056 46. 056 46. 056 46. 056 46. 056 46. 056 46. 056 46. 056 46. 056 46.056 46. 056 46. 056
15,384
551,230
28, 749
373
4,370
3,827
19, 660
518
25, 614
366
3,851
3,415
17,467
515
22,152
323
3,763
3,196
14, 421
449
22,970
330
3,484
3,591
15,165
399
24,049
300
4,035
3,397
15, 836
481
24,045
335
3,806
3,363
16,087
454
25,554
362
4,278
3,507
16, 949
458
26,889
512
4,331
3,539
18,004
503
24,167
367
4,115
3,187
16,082
416
26, 887
432
4,521
3,985
17, 460
489
25, 933
456
4,225
3,807
16,949
497
26, 300
398
4,145
3, 525
17, 762
470
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, composite, 38cities
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
167
9.769
4,234
261
9.031
' 4,985
1,219
57
1,091
30,331
577
6,928
578
138
4,812
7,350
868
9,080
1,746
29, 519
399
6,400
531
138
4,501
7,450
980
9,120
114
121
9.501
5,622
9.576
3,546
11.30
9.584
3,773
994
647
372
37
25
23
1,715
614
512
510
30, 243
540
6,457
493
140
4,406
7,322
1,055
9,830
31, 031
489
6,668
425
146
4,683
7,461
1,029
10,130
33,183
372
6,654
308
155
4,902
8,436
1,106
11, 250
28,780
242
5,676
246
141
4,217
7,328
900
10, 030
126
104
9.160
3,936
10.83
9.156
3,862
1,365
58
149
121
282
363
3,746
9.278
3,957
11.04
9.333
4,367
128
91
137
506
17
24
37
40
602
1,231
2,081
1,948
26,072
160
5,632
418
205
3,561
6,721
725
8,650
25, 741
166
6,000
513
131
3,696
6,534
751
7,950
24,988
240
6,184
542
124
3,839
6,199
690
7,170
28, 538
211
5,830
337
143
4,029
7V288
870
9,830
93
226
128
243
100
231
4.296
4.395
35, 210
4.275
4.297
32, 962
4.265
4.230
35, 468
35,108
30, 208
5, 305
408
200
9,257
4,660
578
9,800
4,900
35, 721
30, 521
5,150
463
243
9,514
4,526
565
10, 060
5,200
39, 203
32,403
5,956
486
248
9,798
4,602
533
10, 780
6,800
105
158
315
178
293
111
255
129
308
110
268
105
241
4.403
4.602
38, 300
4.332
4.436
46, 394
4.333
4.428
42,835
4.322
4.404
37, 283
4.320
4.425
44, 940
4.318
4.457
39,105
51, 544
42, 444
9, 712
515
285
11,309
5,478
655
14,490
9,100
41,919
34, 270
7,250
442
278
8,370
5,050
640
12, 240
7,750
45, 542
37, 402
8,115
472
271
8,858
5,341
665
13, 680
8,140
44, 571
37,121
7,993
444
264
9,119
5, 529
692
13, 080
7,450
40, 222
33, 592
6,496
425
239
9,069
4,992
651
11, 720
6,630
39, 077
32, 577
5,875
444
218
9,128
5,272
650
10, 990
6,500
221
329
9.462
4,408
953
46
1,849
25, 877
367
6,603
519
123
4,079
6,391
715
7,080
9.558
3, 775
9. 636
' 4, 056
1,164
1,279
56
1,806
1,488
27,079
442
6, 703
534
136
4,341
6,612
791
7, 520
26, 783
432
6,624
543
139
M , 177
r 6, 606
752
7,510
102
276
102
258
112
281
4.264
4.231
32,340
4.251
4.276
36,080
4.256
4.314
39,240
4.277
4.354
• 38, 650
41,563
34,563
6,506
507
284
10,241
4,644
541
11,840
7,000
45,438
37, 538
7,448
494
292
10,559
5,240
605
12, 900
7,900
48,111
39,611
7,832
551
291
11,003
5, 693
661
13,580
8, 500
r
8.15
9.37
51,122
r 42,
122
8,861
578
' 287
' 11,337
* 5,679
690
14,690
9,000
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
Stocks, end of month:
Byproduct plants, total
do
At furnace plants..
do
At merchant plants,.
do
Petroleum coke
do
f
Revised.
tData for 1938 revised. See p. 45 of the August
70
52
37
28
39
46
42
52
77
74
90
79
4.475
5.125
5.250
5.000
4.813
4.550
4.475
4.475
4.475
4.475
4.475
4.475
4.475
363
4,840
••267
"4,512
165
346
4,567
159
106
4,244
152
151
4,375
149
231
4,619
121
278
4,682
123
272
4, 627
119
2,607
836
1,771
647
155
4,017
131
1,706
784
922
628
102
3,984
139
2,600
806
1,794
652
238
4,707
116
2,008
842
1,166
135
4,125
130
2,029
740
1,290
314
4,718
155
2, 561
896
1,665
666
1,638
800
838
624
2,016
931
1,085
663
2,056
955
1,101
681
877
926
697
1,915
846
1,069
678
2,027
807
1,219
(547
2, 058
776
1,281
617
71
> November 1 estimate.
1940 Survey.
2 Revised estimate.
46
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
1940
1939
October
DecemOctober November
ber
December 1940
1940
January
February
March
April
May
June
July
g
1 Spn| tember
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS!
Crude petroleum:
Consumption (runs to stills).—thous. of bbL.
Imports
.
do....
3,910
Price (Kansas-Okla.) at wells
dol. per bbL.
.960
Production
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, total...
do
Refineries
-do
Tank farms and pipelines
.do
Wells completed
.__,number
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plants
thous. of bbl._
Railways (class I)
do
2, 724
Vessels (bunker)
.
do
Price, fuel oil (Pennsylvania)*.,dol. per gal..
.040
Production:
Residual fuel oil
thous. of bbL.
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbL.
Gas oil and distillate fuels, total
do
Motor fuel:
Demand, domestic
thous. of bbL.
Exportsf
do
1,701
Prices, gasoline:
Wholesale, tank wagon (N. Y.) t
.122
dol. per gaLWholesale, refining (Okla.)
do
.045
Retail, service stations, 50 cities
do
j
Production, total
thous. of bbL.
Benzol
do
Straight run gasoline-..
-do-.-.
Cracked gasoline
do
Natural gasoline
do
Natural gasoline blended
do
Retail distribution
mil. of gaL.
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbL_
At refineries
....
do
Natural gasoline
.
do..-.
Kerosene:
!
Consumption, domestic
do
|
Exports
do
|
120
Price, wholesale, water white, 47°, refinery j
(Pennsylvania)
dol. per gaL. j
.049
Production
thous. of bbl
Stocks, refinery, end of month.
do
Lubricants:
Consumption, domestic
do
Price, wholesale, cylinder, refinery (Penn- I
sylvania)
dol. pergaL.i
.090
Production
.-thous. of bbL.j
Stocks, refinery, end of month
do. __>!___
Asphalt:
Imports
.short tons.. 39,993
Production
do._._
Stocks, refinery, end of month
do
j .___.
Wax:
j
Production
thous.of lb. _!_____
Stocks, refinery, end of month
do
I
110,980 104,916
3,093
2,848
.960
.960
114, 010 111,885
83
86
105, 835 106,530
2,651
1,948
.960
.960
115,120 113,140
81
81
106,979 j 111,81' 108 ,237
3,368
4,266
3 ,658
.960
.960
.960
116, 045 118, 283 111 ,690
82
83
84
107 902
3 771
960
113 244
80
108, 756
4, 150
960
no] 523SI
82,718
81,112
35, 533 35,129
187, 845 191,656
36,922 39, 427
'150, 923 152,229
1,610
' 1, 641
80, 223 79,380 79,047 78,440 78,866 78,359
78, 443
35,478
35,567 36,110 35,943 36,000 35,782 35, 368
196,100 196,407 200,704 207,407 214, 321 218,492 218, 998
40,033
39,162 40, 212 40,871
42,119
45,183
47, 525
156, 067 157, 245 160,492 166, 536 172, 202 173, 309 171,473
1,578
1,655
'1,708
1,677
1,853
2,083
2,021
77, 550
36,182
219,796
47,959
171,837
1,860
76,373 ! 7.5, 392
36,493 I 35, 460
220,234 !220,197
47,950
44, 778
172,284 175, 419
1,788
1.555
979 !
1,016
4,164
4,130
4,090
2,930
3,242 | 2,926
.039
.039
.039
1,234
4,166
3,009
.039
101, 766 110,079
2,244
2,866
.960
.960
108, 668 120,075
81
81
107, 756
4. 059
.960
109, 337
83
1,711
4,650
2,254
.041
1,606
4,240
3,083
.041
1,755
4,328
3,406
.039
1,950
4,502
3,497
.039
1,446 j 1,261
4,100
4,281
3,082
3,350
.039
.039
27.594
15,017
13,757
26,944
14, 433
28,082
16, 548
24,680 ! 26,870
16,262 i 16,346
25,372
15, 260
26, 548
14,541
26,109
30,951
24,018
30,179
20,881
18,764
26,374 I 21,057
19,130
19,615
19,160
18, 541
18,475
20, 310
19,116 i 20,339 I 21,909 | 24,042 ! 25,015
23,112 j 26,412 j 30,134 i 33,964 : 37,166
49,854 ' 47,407 • 43,807 40,370
2,987
2,441
3, 291
2,001
37, 557
1,848
44. 607
2,021
47, 683
1,730
52,946
1,766
55, 459
2,177
53 865
1 460
55,346 •
1,686 i
'.137 ' '. 134
.044 ;: .044
.133
.131
47,596 I 51,230
231 !
237
20,409! ! 21, 774
22,777
24,730
4,179 ! 4,489
3,067 ! 2,986
1,543 ! 1,812
' .128
M33
.046
.048
.130
.127
52,183
50,625
228 !
247
23,082 | 22, 526
22,901 i 24,823
4,414 I 4,587
2,783
3,075
1,936
2,133
-.127
.048
.127
51,325
263
22, 422
24, 239
4,401
2,600
2,267
130
048
'.128 :
.046 i
92,721
96, 467
68,227 i 70. 274
4,757 | 5,393
96,615 I 93, 474
69,407 { 65,871
6,514
6,112
6, 203 i 6,273
279 |
463
.050 ]
.050
5,945 j 6,570
4,302 ' 4,114
5.621 ! 5,297
'375 ;
377
3,952
299
4,257
213
.050 i .051
6,257 ! 6,641
4,351 I 5,309
.051
5,785
6,810
.050
5,797
8,191
2,146 j
1,871 i 2,024 j
'.135
.052
.134
'52, S93
'274
' 22,480
25,621
'4,518
'4, 408
1,896
68,116 i 71,619
43,516 I 48,898
5,140 I 4,579
137
'. 137
050
.047
134
.134
464
50,243
281
272
017
21, 709
589
23,991
577
4,271
168
3, 285
850 i 1,646
77,301 ; 84,863
51,920 | 60,420
4,421 ; 4,476
5.019 ! 6,023
1,089 |
563
6,613
631
.050 | .050
5,642
6,141
9,019
9,967
.048
5,822
7,576
7,642
356
.048
5,375
4,918
2,656
1,927 |
1,825 1 2,054
.166
3, 575
6,639
.168
3,277
6,799
.184
3,478
7,142
.208
3, 308
7,328
3,455
8,622
4,619
1,742
541,800 •391,300 • 303, 600 207,200
472,000 497,000 550,000 593,000
45,080
81,147
48,440
81, 369
48.440 ! 48,440
75,648 j 74,575
1,522 |
1,883 ! 2,138 {
i
2,063 j
' 1, 503
4, 293
2, 661
.040
2, 293
.040
25, 469
25, 243 26, 451
14,154 I 14,439 ' 14, 957
25, 504
14,735
51, 879
279
22,420
24 496
4 684
2,744
2 126
52, 297
1, 699
124
04t>
52,658 ' 52, 313
271 !
263
22,120 1 22 254
25, 587 I 2o! 090
4,680 ! 4, 706
3,081 i
3, 744
2. 278 !
86, 276 82, 025 j 77,131 i 75,915
59,708 | 54,414 I 50,056 49,040
7,000 \ 7,584 i 7.702
7,038
.170
.150
.161
.143
.193
3,335
3,280
3,341
3,212
3,108
8,084
8,065
8,170
8,161
7,825
1,876
896
230 i 260
417
219, 600 324, 200 400,000 487,600 i 527,300
647,000 699,000 768,000 759,000 | 681,000
49, 560 47, 320 42, 560 44,240 i 39,760
90, 373 96,910 103,289 | 110,346
82,631
.118
3,024
8,573
4,114
196
.049
5, 629
9, 476
.103
2,635
8, 457
5,173
173
.049
6,062
10, 254
2,150
.094
2,682
8,596
9,761 i 21,028
1,447
606,600 638,000 604, 700
623,000 | 588,000 490,000
37,520 i 33,320
39,760
113,978 | 112,359 110,. 028
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb_.
Calf and kip skins
_.
do
Cattle hides
_
do
Goatskins
do
Sheep and lamb skins
do
Livestock (federally inspected slaughter):
Calves
thous. of animals._
Cattle
....do....
Hogs
„
.
do
Sheep and lambs
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers, dol. per lb. _
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports:
Sole leather..
thous. of lb._
Upper leather...
„
thous. of sq. ft_.
Production:
Calf and kip
thous. of skins..
Cattle hides
...thous. of hides..
Goat and kid....
thous. of skins..
Sheep and lamb
do
21, 348
1,503
8,873
5,025
4,517
31, 360
1,980
13,062
4,576
8,586
33,197
1,461
16,828
5,821
5,114
30,383
1,348
14,178
6,094
5,153
32, 421
1,055
16, 221
9,017
4,071
23, 855
1,005
9,669
6,8%
3,997
22, 767
623
9,068
5,906
4,933
23, 716
1,118
7,756
5,729
7,293
28,521
1,085
16, 401
5,576
3,919
28,863
2,108
14,305
5,295
5,199
33,123
1,152
20, 685
6,005
3, 786
28,111
1,253
16,170
3,661
5,458
482
893
3,545
1,585
450
837
4,437
1,469
381
773
5,236
1,389
416
827
5,356
1,598
378
715
4,277
1, 313
440
721
3,981
1,266
480
774
3,610
1,355
501
796
3,890
1,420
437
738
3,886
1,378
457
822
3,219
1,448
432
842
3,045
1.489
417
812
3,168
1,469
.165
.240
.146
.214
.144
.222
.140
.223
.126
.216
.127
.212
.123
.214
.105
.187
.102
.153
.123
.166
226
5,757
446
4,623
274
4,109
259
3,685
773
3,214
643
4,456
354
3,842
456
2,902
92
2,701
37
2,031
33
2 256
18
1,971
1,162
1,928
3,707
3,939
1,057
1,957
3,361
3,429
955
1,858
3,167
2,950
1,094
1,970
3,662
2,973
954
1,892
3,246
2,996
868
1,700
3,226
3,045
888
1,566
3,411
3,189
991
1,590
3,247
3,328
936
1,452
3,074
2,852
953
1,534
3,096
2,879
r 996
' 1 739
' 3 026
' 3 250
914
1,594
2,858
3,082
.129
.214 I
.114 !
.188 j
47
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1989, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
February
January
March
April
June
May
SepAugust tember
July
LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, scoured backs (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....
0.312
.453
0.374
0.368
0.355 j 0.358 j 0.348 j 0.345
.463
.453
.452
12, 556
8,846
3,710
12, 727
9,042
3,685
12,997
9,276
3,721
209,026
133,362
75,664
202,008
125,360
76,648
144,489
81,484
63,005
.456.455 I
13,029
9,357
3,672
12,887
9, 203
3,684
0.345
.457
.466
12, 578
8,911
3,667
12,529
8,730
3,799
0.344
0.340
0.325
0. 305
0. 300
.455
.453
.442
.440
12,569
12, 737 •12,621 •12,566
8,891 ' 8, 743 ' 8, 629 8,537
4, 032
3,87
'
3,937
3, 846
12,508
8,812
3,696
LEATHER MANUFACTURES
Gloves 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
Boys' and youths'
...do
Infants'
„.,..._ .do....
Misses' and children's
do.__.
Men's
_...—__.do___.
Women's
do....
Slippers and moccasins for housewear
thous. of pairs..
All other footwear..
do___.
(i)
0)
(0
168
6.00
4.25
3.30
169
5.75
4.15
3.10 !
38, 566
506
329
813
28, 528
1,533
2,103
3,468
10,109
11,315
37, 273
442
336
678
29, 250
1,477
2,170
3,783
9,568
12, 252
6,146
244
6, 283
283
426 |
161
6.00 j
4.20
3.13 j
6.00
4.25
3.15
32,129 I
385 '
243
566
24, 696
1,172
1,923
3,228
9,036
9,336
28,690
323
277
873
23, 694
1,106
1,628
3,357
7,939
9, 663
5,898
341
3,285
239
125,954 154,325
70,321
88,956
55,633 I 65,369
196 |
I
6.00
4.25
3.21
33,885 I
274
414
1,291 j
30,298 i
1,169
1,838
3,903
8,985
14,403
1,253
355
155,402 I 146,345
88,333
81,355
67,069
64,990
316
220
6.00
4.25
3.30
6.00
4.25
3.30
35,651
285
529
1,299
31,324
1,178
1,894
3,816
9,094
15,343
34,551
311
824
1,048
29,538
1,067
1,821
3,614
8,337
14,700
1,870
345
177
6.00
4.25
3.30
169,671 179,972
100,717 108,674
68,954 ! 71,298
()
(0
0)
202
206
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
129
142
6.00
4.25
3.30
()
CO
0)
0)
0)
39, 315 34,992
359
389
302
••319
519
'474
32, 837 • 28,208
1,624
1,366
1,790
1, 791
3,669 r 3,342
9,622 ' 8,679
16,132 • 13,030
31,056
349
915
692
25, 556
1,017
1,703
2,825
7,588
12,424
29,479
343
965
424
23,801
1,161
1,575
2,601
7,419
11,045
371
691
303
22, 668
1,230
1,600
2,950
6,925
9,963
33, 590
323
302
370
28,113
1,391
1, 710
3,357
8,018
13, 638
2,880
2,288
542 !
663
3,127
819
3,184
687
4,005
476
4,946
353
r 5,413
189
91,180 108,059
14, 892 14, 880
62, 509 81, 099
60, 725 65, 714
98, 296
13,155
68, 262
64, 704
89,940
12, 271
69, 356
71,374
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ft.
Sawed timber...
do.—
Boards, planks, scantlings, etc
do._.
Imports, total sawmill products...
do...
National Lumber Mfrs. Assn.:
Production, total
__.._.mil. bd. ftHard woods
...do...
Sof twoods
.__
..-.do...
Shipments, total
.
do.. _
Hardwoods
.
d o. _ .
Softwoods
do...
Stocks, gross, end of month, total
do...
Hardwoods--.
.______._do.__
Softwoods
....
............ do. _.
72,862 84,326
10, 342
5,928
56, 499 73,918
74,975 102, 606
2,647
421
2,226
2,935
463
2,471
6,902
1,546
I 59, 734
| 13,217
i 41,197
i 45, 373
|
1,817 I 1,845
2,002
2,250
359
338
382
354
1,491
1,642
1,480
1,869
1,864
1, 846
2,208
1,848
329
306
414
348
1,516
1, 542
1,516
1,793
7,621
7,474 ' 7,665 I 7, 610
1,817
1, 823
1, 729
1,807
5, 798
5,793
5,745
5,858
73, 669
6,563
60, 088
73, 935
84, 832
17,063
62,104
53, 253
77,513
18,278
40,416
53,650
62,
14,
43,
44,
458
909
500
088
79,
19,
52,
45,
880
934
469
357
99,098
26,859
65, 731
71,006
2,474
2, 540
359
318 i
2,115
2,222
2, 655
2,737
390
410
2, 266
2.327
7,374
7,153
1, 634
1,588
5,740
o. 570
f>, 356
2,363
377
1,986
2,616
470
2,148
7,440
1,759
5,681
9,900
11,600
9,200
9,600
15,850
8,650
14,150
9,000
8,800
16,600
6,200
13,000
8,150
7,050
18, 050
4,800
11, 575
7,000
6,000
19,125
5,800
6,200
11,125
11, 250
7,150
6,600
6,050
6.100
20,125 t 20, 700
6,350
10,625
6,350
7,025
20,035
6,350 I
9,900
6,850
6, 950
19, 700
6, 550 i 7,000
9,360 I 8,900
6,420 ( 6,450
7,270 | 7,400
19,060 18,400
9,350
9,375
7,450
8,750
17,350
10, 725
10, 800
8,175
9, 350
16, 600
8, 700
11,150
7,500
8, 400
16, 000
47, 571
68, 765
51, 938
52, 624
51, 426
38, 729
59, 699
44, 750
43, 739
66,397
21,890
47,191
42,497
35,626
71,603
25,692
42, 285
36,046
30, 599
77, 066
44,622 ' 42, 338
56, 980 66, 205
35, 252 33,435
29, 850 33, 312
81, 295 81, 012
39, 658
68, 068
35,266
37,696
78, 471
34, 438
61,242
41,190
41,264
79, 397
45,935
61,461
43,865
45, 716
75,139
33, 357
52, 512
38, 015
43, 127
70, 027
49, 587
59, 380
41, 658
44,412
65, 317
65,836
72, 557
46,148
52, 655
57, 879
51,344
73, 818
46, 916
50,083
52, 712
32,170
9,130
23, 040
23, 416
1,982
21, 434
23, 298
4,114
19,184
38, 971
12,619
26, 352
34, 959
14, 556
20,403
25, 704
8,424
17, 280
31,103
11,849
19, 254
33, 243
13, 603
19, 640
45, 288
21,375
23,913
29,078
10,180
18,898
37,625
9, 595
28, 030
26, 888
9, 385
17, 503
23. 030
20.874
21.070
21.070
20.482
20.090
20.090
19.698
19.600 ! 19. 600
19. 600
20. 825
23.030
42.140
41. 552
42.140
42.140
40, 964
39.690
39. 200
38.220
37.485 j 36. 260
36. 260
37. 975
42.140
10, 964
989
9,975
930
600
48,676
808
933
1,556
24, 221
3,659
20,562
661
431
42.998
670
766
1,811
23, 332
2,258
21,074
545
343
42.393
647
633
1,825
19, 063
4,017
15,046
480
306
41.875
611
517
1,919
15,144
3,489
11, 655
513
334
41.500
515
485
1,949
14, 747
4,518
10,229
503
357
41. 798
545
480
2,014
12, 838
2,697
10,141
572
331
41. 873
621
598
2,037
18, 348
5,838
12, 510
662
348
41. 662
636
645
2,028
25,928
4,866
21, 062
672
324
41.783
659
696
1,991
28, 209
4,341
23,868
609
350
40.865
588
583
1,996
27, 689
3,597
24,092
784
440
41. 536
610
694
1,912
15, 990
948
15, 042
931
570
43.045
703
801
1,814
22. 224
2,368
19,856
888
603
46. 010
722
855
1,681
546
486
31.73
544
592
1,997
470
377
302
254
329
262
325
279
28.61
492
514
1,954
29.64
430
431
1,953
28.99
291
321
1,923
28.77
215
309
1,829
2,051
339
1,712
2,099
339
1,760
7,565
1,825
5,741
2,199
341
1, 858
2,211
338
1,874
7,553
1,825
5,728
2,342
344
1,998
2,395
355
2,040 I
7,513 !
1,812
5,700 1
2,262
298
1,963
2,224
348
1,875
7,577
1,768
5, 810
2,237
281
1.956
2, 364
359
2, 005
7,480
1, 699
5,781
FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft_.
Orders, unfilled, end of month....
do
Production
.
.
do
Shipments
__,._
.do
Stocks, end of month
do.
Oak:
Orders, new
__>_____.do....
Orders, unfilled, end of month
______do
Production.
.
______.____do
Shipments
do
Stocks, end of month
......
..
do
SOFTWOODS
Douglas Fir:
Exports, total sawmill products
M bd. ft__
Sawed timber
..do
Boards, planks, scantlings, etO-~
do
Prices, wholesale:
No. 1, common boards
dol.perMfbrl. ft._
Flooring, 1 x 4 , " B " and better, V. G.
dol. per M bd. ft.
Southern Pine:
Exports, total sawmill products
M bd. ft..
Sawed timber
do
Boards, planks, scantlings, etc
...do
Orders, new
._
mil. bd. ft__
Orders, unfilled, end of m o n t h . . . . .
do
Price, wholesale, flooring..dol. per M. bd. ft._
Production...
...mil. bd. ft..
Shipments
do.--_
Stocks, end of month
_
..do
Western Pine:
Orders, new
...do
Orders, unfilled, end of month.
do
Price, wholesale, Ponderosa pine, 1x8, No. 2,
common (f. o. b. mills)-..dol. per M bd. ft.
Production
mil. bd. ft__
Shipments
do._._
Stocks, end of month
_„___......do
* Revised.
1
Discontinued by compiling agency;
j
i
300
282
28.86
212
297
1,744
354
285
2y.3O
279
351
1,672
400
287
29.09
389
397
1,664
i
38,014
10, 771
27, 243
457
304
421
300
495
326
653
442
629
532
29.02
522
441
1,745
28.49
541
425
1,861
28.01
570
469
1,962
28.17
618
537
2,043
29. 71
549
539
2. 05,
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
December 1940
1940
January
February
March
April
May
June
SepAugust tember
July
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
West Coast Woods:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
Redwood, California:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
mil. bd. ft.
do...
do...
do. _.
do...
681
626
653
860
M bd. ftdo...
do...
do___
do...
656
507
535
521
953
522
513
529
538
961
546
520
601
594
976
556
517
612
606
667
425
596
662
926
726
623
655
664
892
655
647
607
514
521
600
609
513
444
579
519
463
452
516
487
30,782
39,092
33, 358
32, 603
296,462
22,005
31,445
31, 204
28,019
298, 397
17, 749
28, 678
27, 883
20,802
297,976
66.0
67.0
65.0
60.0
63.0
63.0
62.0
62.0
63.0
60.0
65.0
71.0
5.0
26
35
63.0
21
7.0
23
35
65.0
20
8.0
13
26
67.0
16
5.0
23
33
63.0
16
8.0
16
30
65.0
16
6.0
15
25
58.0
16
10.0
15
23
61.0
14
7.0
14
22
62.0
14
4.0
14
25
62.0
12
3.0
23
32
57.0
15
3.0
24
38
64.0
18
4.0
28
43
09.0
21
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
583, 521 671,301
612,906 783, 964
187, 457 234, 716 206, 928 221,152 312,483
8,274
6,740
5,096
7,759
6,674
29
33
442
273
482
936, 047
318, 369
5,505
1
25, 331 21, 544 29, 704 31,450
29, 263
26,517 26, 416 32, 472 31,371
26, 555
28, 727 31, 207 31,310
27, 239 29,105
23, 793 21, 957 27, 237 31, 562 33, 391
296,026 301,176 299,227 298,317 294,231
531
383
610
638
920
29,500
27,468
29,293
28,016
292, 640
811
510
549
593
900
27, 586 35, 963 32, 836
35, 545
25, 901 32,173
28,477 30, 156 31,533
29, 365 31, 290 29, 024
289,079 283,907 286, 622
FUBNITUBE
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).
77.9
102.3
88.1
87.2
METALS AND MANUFACTURES
IBON AND STEEL
Foreign trade:
Exports (domestic), total
..longtons.. 1,105,510 591, 856 605,555 600, 437
Scrap
do
258,926 336,775 272, 656 206, 402
Imports, total
do
19,189
15, 216 14, 709
3,966
Scrap
do
1, 267
2,305
837
242
Price, wholesale, iron and steel, composite
dol. per long ton..
37.62
37.50
37 .18
38.07
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
5,271
thous. of long tons-.
5,478
6,051
5,538
9,201
Shipments from upper lake ports
do
5,440
10,009
Stocks, end of month, total
do
40, 732 35, 440
41,125 39,005
At furnaces
...do
36,280 33, 944 35, 516 30, 805
5,121
On Lake Erie docks
do
5,216
4, 635
4,846
304
Imports, total
do
2C5
203
163
Manganese ore, imports (manganese content)
57
54
thous. of long tons.
27
40
,034,938 .,402,075 1,221,052
327,129 355, 991 255, 608
2,105
3,542
2,508
16
152
56
37.09
36.97
36.83
36.69
37.33
37.69
37.63
37.70
37.92
5,289
0
30,189
25, 901
4,288
209
4,242
0
25,967
22,087
3,880
237
4,088
0
21, 862
18,412
3,450
167
3,935
465
18,106
15,155
2,951
257
4,566
7,245
19, 603
16, 717
2,886
175
5,213
9,487
23, 516
20, 428
3,088
162
5,524
10. 383
28, 244
24, 608
3,636
249
5,701
10, 480
32, 935
28, 708
4,227
194
5,672
9,935
37, 090
32, 432
4, 658
164
39
43
42
36
63
51
39
49
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
_
short tons.. 71,129 63,835
35,730
35, 290 35, 563
51, 778 45, 978
40,438 34,901
36, 503
45,025
Production
do
62, 293 54, 263 59,143
53, 372 42,163 39, 881 40, 529 37,511
53, 663
34, 700
38, 872
45.2
51.7
48.7
50.1
Percent of capacity
75.0
66.3
69.6
65.2
64.2
42.7
46.7
49,807
54,038 53, 753
Shipments
. . . short tons. _
52,088 43,935 42,975 41, 975 40, 919
33, 323
34, 226
Pig iron:
Furnaces in blast, end of month:
Capacityf
short tons per day._ 144, 215 135,033 138,975 136, 702 123,990 106,040 104,675 106,395 119,905 131,360 131, 760
152
172
191
157
157
195
191
177
187
Number
182
188
Prices, wholesale:
22. 50
22.50
22.50
22.50
22.50
22.50
22.50
22.50
22.50
22.50
22.50
Basic (valley furnace)
dol. per long ton..
23.15
23.15
23.15
23.15
23.15
23.15
23.15
23.15
23.15
23.15
23.15
Composite
do
24.89
24.89
24.89
24.89
24.89
24.89
24.89
24.89
24.89
24.89
24.89
Foundry, No. 2, northern (Pitts.)
do
3,514
4,032
3,270
3,137
4,446
4,063
4,167
3,311
4,054
4, 221
3,819
Production t
thous. of short tons..
Boilers and radiators, cast-iron:
Boilers, round:
1, 418
1,602
2,754
1,648
2,292
2,233
3,598
1,456
1,697
1,449
Production
thous. of lb_.
1,079
1,334
1,207
1,177
5,445
2,882
5,145
1 740
2,117
1,613
1,698
Shipments
do
12, 454 13,565
14,923
13, 264 11,905
11,935
12 002
10,750
11,487
15, 009
13, 477
Stocks, end of month
do
Boilers, square:
20,922
32, 701 20,925
17, 273 14 816
17,900
16, 525 20, 616 18,790
17,352
18,698
Production
do
9,253
43,767 39,869
10, 933 12,024
23, 751 16 227
15, 443 11,214
14,776
22,916
Shipments
do
82,205
80, 391 77 878
79,128 88,593 98,121 105,043 114,032 117,975 112,369
Stocks, end of month
do
Radiators:
Convection type:
Sales, inch heating elements, cabinets,
505
691
701
and grilles .thous. sq. ft. heating surface768
792
660
390
566
431
0)
0)
Ordinary type:
4 474
5,530
5,701
6,579
6,754
Production
do.
8,454
5, 670
4,817
5, 647
4,735
5,697
3,135
3,195
4,539
Shi pmen ts
do
10, 387
5 166
3,626
11,709
7,824
4,173
6,486
4,670
Stocks, end of month
do
28,896
30, 971
21, 767 24,222 26,829
22,805 24, 543 21, 424 21 653
30,108
31,913
Boilers, range, galvanized:
51,062
55,339
72, 725
Orders, new, net
number of boilers.. 106,716 98,692
80, 265 72 380
75, 427
85,139
69, 407 55,026
18,507
23,048
Orders, unfilled, end of month..
..do
42, 094 51, 226 48, 999 44 213
36, 086 24, 532 19,161
31,158
38,194
59, 319 51, 012 68, 816
66,039
Production
_ _ do..
97,266 110.988
84,181
81 ,252
79,565
70, 452
77, 879
68,184
Shipments
do._
96,741 108, 960 82, 492 77 166
77, 534 66, 580 60,710 51,716
67,317
78,103
34,790
36, 794 36, 253 34, 862 34,158
Stocks, end of month
do..
30,677
38.488 28,988
34 ,763
37,925
37, 701
r
1
Revised,
Temporarily discontinued by reporting source.
tRevised series. Data on pig iron have been converted from a long to a short tonnage basis; data for production beginning 1913 are shown in table 38, p.
1940 issue.
52, 994
48, 926
58.8
43, 216
49, 804
61.4
45, 943
137, 500
190
140, 620
193
22.50
23. 15
24.89
4,238
22.50
23. 15
24. 89
4,177
1,848
2,732
13, 873
2,371
3, 851
12, 513
26.185
31, 100
107, 267
26, 340
40, 342
93, 029
(*)
53, 079
0)
7,147
S. 193
29, 168
6, 415
9, 436
26. 087
64,
27,
76,
75,
38,
73,821
32,119
68, 522
69, 017
37, 963
831
315
467
710
458
14 of the October
49
SURVEY OF CUEEENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons..
Percent of capacity
Railwa3' specialties..
short tons..
Production, total
__
.do
Percent of capacity
Railway specialties
short tons..
Ingots, steel:
Production!
thous. of short tons..
Percent of capacity
Bars, steel, cold-finished, carbon, shipments
short tons..
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol. per long ton.
Structural steel (Pittsburgh)
dol. per lb_.
Steel scrap (Chicngo)
dol. per gross ton_.
U. S. Steel Corporation:
Shipments of rolled and finished steel products!
thous. of short tons_-
6, 462
94
119,687
102.3
58,530
72, 096
61.6
26, 391
99,899
85.4
52,146
85, 755
73.3
36,615
64,143
54.8
28, 262
79, 732
68.1
33, 146
43,121
36.8
8,302
80,146
68.5
34,019
40,913
35.0
10, 472
67,454
57.6
28,506
36, 612
31.3
7,182
58, 404
49.9
22, 847
41, 353
35.3
8,849
52,078
44.5
17, 017
50.346
43.0
12,967
50,034
42.8
16,137
59, 661
'51.0
20, 764
50,651
42.5
14,483
67,035
57.3
20,770
57, 763
49.4
17,993
71,734
61.3
26,873
66,355
56. 7
21, 292
83,545
71.4
28,018
64,122
54.8
21,152
6,080
91
6,148
92
5,822
91
5,655
82
4,409
4,265
64
3,975
60
4,841
70
5,533
86
5, 595
84
6,033
87
5, 895
92
57, 791
67,599
67,977
61,591
57,232
46, 277
45, 405
44,621
43,654
44, 474
52, 999
. 0265
.0263
.0263
.0265
.0265
.0265
.0265
.0262
.0265
.0265
.0265
. 0265
. 0265
34.00
.0210
19.75
34. 00
.0210
19.05
34.00
.0210
17.66
34.00
.0210
16.56
34.00
.0210
16.38
3100
.0210
15.75
34.00
.0210
15.69
34.00
.0210
15.33
34.00
.0210
16.88
34.00
.0210
18.19
34.00
.0210
17.35
34.00
.0210
18.03
34.00
. 0210
19. 22
1, 572
1,346
1,406
1,444
1,146
1,009
932
908
1,084
1,210
1,297
1, 456
1,393
1,148
1,612
92.3
1,577
67
967
1,636
92.4
1,653
50
768
1,469
82.9
1,457
61
450
1,138
65.4
1,158
42
335
803
46.2
809
36
243
852
49.0
854
34
235
951
54.7
949
37
292
930
53.5
916
51
377
1,098
63.1
1,102
47
350
1,081
62.2
1,075
53
436
958
55.1
964
47
700
1, 305
75.1
1,298
54
997
802
659
554
477
534
489
558
411
761
526
878
630
1,066
809
1,761
1,007
1,680
1,214
1, 275
1,098
3,726
1,557
2.181
1,365
2,150
2,120
1,299
2,187
2,095
1,247
2,160
2,367
1, 350
2,264
2.200
1,286
2,264
2,097
958
2,424
2,219
1,169
2,008
2,119
1,186
2,102
2,236
1,262
2,160
2,373
1,385
2,249
2,240
1,286
2, 339
2, 601
1,495
2,392
526
335
456
668
511
493
540
494
534
504
443
556
481
444
479
475
368
552
494
363
499
594
447
510
547
472
522
602
497
577
541
493
545
639
498
634
37, 766
10,991
26,020
9,107
23, 627
6,665
33,804
9,781
25,824
5,254
35, 435
12, 282
36, 213
6,643
40, 408
15,590
48, 639
10,100
(4)
(4)
(4)
(4)
235. 33
236. 33
236.40
236. 26
234.38
236. 57
236. 86
236. 78
236. 75
236. 75
237. 28
3,153
262
2,752
234
2,632
221
2,731
241
2,746
173
2,776
188
2,947
170
2,895
173
2,538
158
2,803
174
3,247
195
3,352
196
i 12,092
» 1,187
i 1,184
i 1,045
i 316
i 2, 945
195.5
9,886
1959
i 846
»870
i 527
i 2, 324
171.8
2,814
236
256
245
165
580
54.3
3,287
266
295
281
146
716
65.9
3,550
326
325
317
131
749
71.2
3,964
367
357
359
128
812
73.9
4,415
455
347
385
130
915
82.3
4,213
423
371
368
93
919
86.3
i 248
1451
i 869
1809
• 1,013
6,768
i 177
1309
i 537
1699
1793
8,446
52
77
174
235
236
7,654
45
99
210
248
274
7,276
56
104
234
244
300
6,075
60
104
286
239
328
6,063
72
110
331
244
353
6,480
70
121
311
193
339
5,496
Stecl, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month...thousands..
Production
do
Percent of capacity
Shipments
thousands. _
Stocks, end of month
do
Boilers, steel, new orders:
Area
thous. of sq. ft..
Quantity
number..
Furniture, steel:
Office furniture:
Orders, new
.
thous. of dol..
Orders, unfilled, end of month
do
Shipments
do
Shelving:
Orders, new
do
Orders, unfilled, end of month
.do
Shipments
do
Plate, fabricated steel, new orders:
Total
..short tons..
Oil storage tanks
.
do
Plumbing and heating equipment (8 items),
wholesale price
dollars. Porcelain enameled products, shipments
thous. of dol.Spring washers, shipments*
do
Steel products, production for sale:t
Total
thous. of short tons..
Merchant bars
do
Pipe and tube
do
Plates
do....
Rails
.
do
Sheets, total
do
Percent of capacity
_
Strip:
Cold rolled.
thous. of short tons..
Hot rolled
do
Structural shapes, heavy
do _
Tin plate
do___.
Wire and wire products
do
Track work, shipments
short tons..
1,708
1,221
237. 27
5,505
5,658
6,640
6,762
6,898
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
56, 789
45,117
Imports, bauxite
long tons._ 53, 357 45,660
33, 449
44, 923
53, 024
43,110
54, 651
58,826
50, 456
54,801
Price, wholesale, scrap, castings (N. Y.)
.0855
.0902
.0838
dol. per lb_.
.0863
.0860
.0913
.0865
. 0894 .0712
.0925
.0950
.0950
Bearing metal (white-base antifriction):
Consumption and shipments, total
2,118
2,348
2,238
1,966
1,955
1,664
thous. of lb.-_
1,749
1,923
2,322
2,034
2,635
2,456
2,691
560
876
620
505
Consumed in own plants
.
do
514
363
475
672
429
634
789
643
794
1,558
1,472
1,619
Shipments
do
1,561
1,460
1,442
1,321
1,188
1,400
1,650
2,048
1,846
1,661
Copper:
Exports, refined and manufactures
15,658
62. 393
38,512
25, 494
36. 236
short tons.. 38, 829 26, 806 41, 049 62, 505
39, 273
35, 422
40, 745
63,775
40,710
35, 159
22,635
Imports, total
.do
30, 550
23, 041
22, 554
28, 532
31, 558 30,538
43, 044 15, 360 19, 937 29, 545
27,
498
26,
446
For smelting, refining and export..... do
17,969
28,134
14, 335
29, 869 28, 698
22, 485
27,953
24,610
27,672
13,012
17,451
Product of Cuba and Philippine Islands
25
214
481
2,101
66
10
1,197
short tons..
1,026
1,415
1,395
1.688
1, 464
1, 364
13,187
4,185
All other
do
1
2
314
569
814
8, 499
17,019
1, 122
7, 509
478
885
Price, wholesale, electrolytic (N. Y.)
.1130
. 1071
.1056
.1113
.1116
.1109
.1108
dol. per lb_.
.1228
.1195
.1222
.1228
Production:
Mine or smelter (incl. custom intake)
82, 682
85, 796
84, 366
79,327 r 79,967 r 78, 238
short tons_. 86, 594
|3 408.775
76,145
79, 845
89, 598
00
80, 851
82, 843
Refmery
.
do
80,964
86, 029
90,995
82, 761 86, 295
86, 077
« 379,841
80. 501
83. 076
(2)
Deliveries, refined, total
do
71,639
74, 758 r 97,719 r 96, 485
72, 809 71, 893
76, 485
65, 155
|3 536,899 104, 545
103,771
96, 383
Domestic
do I 103,771
96,485
68, 665
71, 226
63, 215 64. 376
61,716
91, 428
69, 467
3 457,315
' 1,336
Export
do
2,974
3. 532
9, 594
3, 439
13,117
7,018
7,517
s 79, 584
()
r
198,955
215,823
185,313
Stocks, refined, end of month
do
| 164,618
199,586
145,
393
159,
795
169,120
178,664
159,485
135,
441
0)
l
3 Total for August-December.
'4 Revised.
Quarterly data; monthly reports initiated April 1940.
Monthly data not available.
Temporarily suspended by reporting source.
§Monthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
• Data are for 6 manufacturers beginning January 1940.
tRevised series. Steel ingot production and steel products, production for sale, have been converted from a long to a short tonnage basis; data beginning 1913 for steel ingot
production
are shown in table 26, p. 17, of the May 1940 Survey; data beginning 1933 for steel products appear in table 45, p. 14, of the November 1940 issue.
50
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the
Novem- DecemOctober
October
1940 Supplement to the Survey
ber I ber
December 1940
1940
January
February
March
April I May June
July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
I
PRODUCTS—Continued
Lead'
Metals—Continued
Imports, total, except manufactures (lead con2,762 | 4,164
4,063
4,496
2,958
4,723
16, 581 10, 230
4,787
2,866
10, 739
7,404
tent)
.short tons.. 27, 739
Ore:
35, 936 37,057 38,835 37, 649 35,937 37, 949 37,963
38, 641
40,196
36, 957
36,988
37, 759
35,916
Receipts, lead content of domestic ore. .do
4,380
4,234
6,355
3,710
3,892
4,485
3,110
4,474
3,705
4,393
3,538
Shipments, Joplin district^
do
3, 688
2,878
Refined:
|
Price, wholesale, pig, desilverized (N. Y.)
.0550
.0550
.0547
.0508
.0519
.0502 I .0500
.0571
.0500
. 0485
.0493
dol. perlb.. . 0531 .0550
Production from domestic ore. .short tons.. 39,228 38,903 44,748 42, 547 47,149 40,564 44,783 31,192 37,918 34, 041 35,343 36, 851 41, 528
64, 365 44,881
39, 875 39,176
62, 496 66,060
46, 353 46,496
46,919 | 49, 904 52, 560 51, 643
53, 456
Shipments (reported)
._-..
do
35, 386 73,963 58,061
58, 777 68, 539 72, 658 74, 692 63, 610 62,955 ! 55, 343 47, 360 43, 321
41, 292
Stocks, end of month
....do
Tin:
Consumption of primary tin in manufac6,940
6,680
7,630
7,540
5,610
5,540
5,960
6,360
' 6, 370 r 6, 650
6,420
5, 800
tures
...Jong tons..
11,366
9,780
6,040
7,870
6,600
9,244
11,820
7,855
7,325
7,905
11,410
9,225
12. 470
Deliveries
do
12, 518
8,851
5,247
7,629
6,499
10,334
10,116
7,886
9,185
14, 604
7,982
11.611
12,920
Imports, bars, blocks, etc.
do
.4672
.5525
. 5224
.4594
.5064
.4682
.5159
.4709
. 5149
.5032
.5148
.5254
Price, wholesale, Straits (N.Y.).-dol. per lb._
.5118
38, 736 38, 040
39. 450
31, 869
Visible supply, world, end of mo..long tons,. 40,631 38, 206 38,035 38, 280 35,573 33,148 32, 339 32,149
0)
1,749
3,536
3,283 | 3,302
2,078
2,964
2,635
6,567
6. 623
United States (excluding afloat). ...—.do
5,300
6. 583
9,438
3,677
Zinc:
I
Ore, Joplin district:!
Shipments
_-.-.-..short tons.. 43,269 36, 734 41, 663 28,163 35, 611 28,026 29,393 31, 424 41,183 33, 530 44,323 35,116 34, 250
9,701
3,551
13, 548
5,454
4,097
5,851
Stocks, end of month...
do
11,553
4,798
10, 452
9,201
8,842
7,098
7,204
Price, wholesale, prime, western (St. L.)
.0650
.0564
.0650
.0598
.0553
.0625
.0575
.0575
dol. per lb-_
.0725
. 0692
.0580
.0624
.0639
Production, slab, at primary smelters
short tons.. 56, 422 50,117 53, 524 57,941 52, 399 52, 774 55, 475 52,189 51,518 48, 660 51,175 49,939 53,119
Retorts in operation, end of mo
number,. 53, 979 43,109 46,867 48,159 47, 287 47,188 49, 744 49,805 48,989 46, 577 47, 545 50,715 53,164
Shipments, total
..short tons.. 64, 787 73,327 64,407 53,468 54, 862 51,050 49,909 46,803 57, 224 53, 935 57,606 64, 065 66, 824
61,522 65, 995 63, 532 65, 256 70,822 76, 208 70,502
Stocks, refinery, end of mo
.....do
22, 600 72,405
30,965
44, 670
65, 227 58,796
Miscellaneous Products
Brass and bronze (ingots and billets):
6,898
Deliveries
.
short tons.. 10,093
8,497
5,521
6,134
5,851
5,799
6,735
8,993
8,706
7,056
7, 181
8,076
Orders, unfilled, end of month
do
13, 459 11, 436
8,214
17,500
14,018
14,034
21,475
34, 221 17,878
31, 365
22, 287 21, 695
Plumbing fixtures, brass, shipments
(2)
thous. of pieces..
1,514
1,820
1,735
1,799
1,647
1,697
1,992
1,668
1,582
Radiators, convection type, sales:
Heating elements only, without cabinets or
grilles
thous. of sq. ft. heating surface..
94
75
45
43
67
103
80
112
Including heating elements, cabinets, and
(3)
591
392 !
grilles
thous. of sq. ft. heating surface..
870
450
297
520
487
531
()
.191
Sheets, brass, wholesale price, milL.dol. per lb._
.183
.193
.183
.191
.183
.187
.183
.192
.190
.183
.185
Wire cloth (brass, bronze, and alloy):
329
350
541
v Orders, new
thous. of sq. ft._
343
391
363
435
1,178
382
570
521
606
469
1.829
1,593
1,216
1,073
1,041
" Orders, unfilled, end of month.,..
do
2,125
1,343
1,005
1,039
1,094
1,124
1,033
489
616
567
489
T Shipments
.......do
564
476
445
423
496
516
516
536
637
612
616
621
709
f Stocks, end of month...
do
695
638
627
751
716
793
694
693
585
MACHINERY AND APPARATUS
Air-conditioning (circulating, cooling, heating,
and purifying) equipment, new orders:t
Air-conditioning systems and equipment
for summer and year-round use
1,594
1,545
thous. of dol._
1,403
2,425
1,086
1,263
1,411
2,675
Blowers and fans
. do___.
3,979
3,261
4,910
Unit heaters
....do
3,687
2,013
2,346
Warm-air furnaces, winter air-conditioning
systems, and equipment
thous. of dol._
10,312
4,265
6,791
Electric overhead cranes:
414
534
467
400
250
520
Orders, new
„.. do
569
445
957
761
1, 657
2, 430
1,743
3,271
2,172
1,683
1,640
2,744
1,769
2,196
Orders, unfilled, end of month
.....do
2,665
2,390
2,368
4,109
264
679
391
596
594
515
643
334
Shipments
do....
629
719
378
435
282
Exports, machinery. (See Foreign trade.)
Foundry equipment:!
161. 2
194.4
129.1
183.2
165. 4
164. 9
New orders, total
1937-39=100.. 264.0
166.1
153.3
124.5
149.0
135.7
145.2
209.8
162.0
167. 2
127.5
174.2
New equipment
. . .
do.... 284.8
147.8
158.6
160.0
133.9
138.3
201.8
Repairs
.
.
do
Fuel equipment:
I
Oil burners:
j
Orders, new, net
number.. 41.029 33, 657 18, 758 12, 566 13,108 11, 239 12, 883 15,889 18,154 19, 672 23,008 32, 772 41,895
8,607
6,974
2,905
3,050
2,767
2,880
4,375
8,202
4,700
3,639
5, 985
9,056
4,966
Orders, unfilled, end of month
...do
22,019
41, 490
31, 544
20,085
13, 300 12, 963 11, 522 12, 770 14, 394 17,829
18, 387
40, 580 34,658
Shipments
_______ do
Stocks, end of month
.do.-.. 18, 060 16, 675 18,165 16, 764 17,144 15, 672 16, 755 16, 656 19, 239 19, 367 23,400 22, 870 19, 617
47
11
54
20
25
33
36
45
25
38
38
Pulverizers, orders, new
.do
Mechanical stokers, sales:
3,654
4,342
30, 951
16, 565
8,225
3,996
6,490
8,254
9,769
23, 117
18,040
4,762
Classes 1, 2, and 3..
do
Classes 4 and 5:
386
275
111
125
161
217
376
266
207
128
149
352
Number
_..._....
..
80,839
58, 411
58,426
28, 591 30,177 29, 677 42, 332 38, 408
63, 264 51, 735 39,038 25,515
Horsepower
94.9
88.3
93.4
93.3
92.5
93.3
92.9
93.4
84.9
91.2
93.3
92.3
Machine tool activity*
percent of capacity_.
96.8
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
29, 441 40, 292 38, 540 37,977 33,236 35, 245
38,476
33, 637
41,419
38, 409
units..
43, 908 35,961
905
853
792
1,396
662
1,214
829
247
804
928
Power pumps, horizontal type
....do
949
976
18, 057
19,113
Water systems, incl. pumps
do
17, 444 16,993
14, 718 16,060 20,971
21, 503
22,099
20, 415
13, 389 17,469
Pumps, measuring and dispensing, shipments:
Gasoline:
(2)
(2)
741
612
776
1,070
2,201
1,574
Hand-operated
......units
768
1,685
2,330
8,751
Power
.do
8,611
5,775
6,304
12,577
7,613
11,578
8,693
11,072
(2)
Oil, grease, and other:
(2)
14, 785 16, 086 14, 417
9,659
Hand-operated
______ .do
10, 578 14, 466 18, 579 20, 081
17,968
(2)
2,384
1,914
3,244
2,454
3,106
3,462
2,591
2,676
Power
do
1,349
S (2)
l
r
1Data
for
November
1939
and
January,
May,
July,
and
October,
1940,
are
for
5
weeks;
other
months,
4
weeks.
Not
reported.
Revised.
3
Discontinued by reporting source.
* Reports temporarily suspended.
*New series. For data on machine tool activity beginning January 1939, see last paragraph of footnote 6 to p. 139 of the 1940 Supplement.
fRevised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939. For description of series and earlier data, see p. 50 of the
September 1940 Survey. Index of total foundry equipment new orders beginning January 1940 is based on average sales to metal-working industries during 1937-39; earlier
data are based on the old new orders index (1922-24 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only beginning
May 1940.
51
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem2940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
Sepj August tember
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Pumps, steam, power, centrifugal, and rotary:
Orders, new
-.thous. of doL.
Water-softening apparatus:
Shipments, domestic
units..
0)
1,809
1,339
1,049
1,011
1,147
1,457
1,178
1,809
1,963
2,437
1,450
1,481
1,201
1,154
1,159
1,556
1,364
1,623
1,237
0)
165
118
99
87
180
227
101
159
55
90
67
123
73
132
91
133
130
135
186
139
207
133
132.0
125.1
121.9
161.7
124.8
97.3
110.4
97.9
113.7
115.9
112.8
107.1
112.7
117.2
107.6
160.9
113.8
155.0
126.5
146.6
123.9
161.3
2,556
I
2,878
0)
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
219
Unadjusted
.
1934-36=100..
Adjusted
_„..„.
do
129
Electrical products:
123.0
Industrial materials, sales billed.._ 1936-100..
Motors and generators, new orders
do..__
136.5
Transmission and distribution equipment,
new orders
1936=100...
151.6
Furnaces, electric, industrial, sales:
Unit.
_
....kilowatts.. 16,965"
6,103
1,341
Value
thous. of doL.
438
Electrical goods, new orders (quarterly)
thous. of dol__
12, 097
Ironers, household, shipments
units.. 23, 282
1,718
1,296
Laminated products, shipments..thous. of doL.
Motors (1-200 hp.):
2,535
Billings (shipments), A. G . _ . . . . . . . . . . . d o
555
Billings (shipments), D. G
__
..do....
3,151
New orders, A. C
_..___
do....
1,403
New orders, D. C
do....
Power cable, paper insulated, shipments:
891
1,074
Unit
.......thous. of ft..
824
Value
.
thous. of dol._
1,110
23, 611
Ranges, billed sales*..____.._... number.. 34,714
62,055
Refrigerators, household, sales...__„
do
• 88,170
Vacuum cleaners, shipments:
114, 699 106, 539
Floor
.
..
.._.._ do
Hand-type
_
do__._ 38, 270
31, 362
Vulcanized fiber:
2,582
2,722
Consumption of fiber paper
thous, of lb_.
714
660
Shipments
.thous. of dol._
Washers, household, shipments
units.. 108, 527 142,830
137.3
123.6
121.3
132.8
133.8
127.7
126.0
181.9
170.2
r 159. 6
119.6
4,153
368
9,587
480
2,084
167
5,634
324
7,802
557
4,697
314
4,905
407
5, 381
476
5,241
421
5,137
372
18, 847
1,049
9,990
1,348
254, 302
11,854
1,306
10,373
1,257
10,183
1,173
238,846
12,048
1,306
11,984
1,320
10,590
1,308
268,120
8,571
1, 325
11,464
1,313
13,848
1,408
411,595
21,007
1,454
2,730
677
3,276
1,047
3,103
797
3,472
1,867
2,733
582
2,417
813
2,686
775
2, 679
622
2,693
860
2,958
803
2,857
815
3,013
692
3,126
830
3,039
946
3,000
866
3,186
1,703
3,083
914
3,345
1,437
3,280
915
3, 536
1,240
3,207
1,008
3, 693
1,371
752
656
19,008
55,113
655
731
13,429
92, 479
554
721
36, 395
234, 662
561
641
32, 998
280, 980
564
720
39, 643
298, 238
628
813
43, 308
339, 693
902
42,983
385, 688
758
836
33, 403
328,950
757
998
29, 626
248, 538
1, 253
1,463
29,128
206, 418
1,154
1,103
32,167
112,309
108, 338
32, 728
118,730
36, 471
92,806
27, 362
116,049
28, 324
147,120
31,009
139,768
30,441
143, 836
30,060
120,200
24, 037
74,565
20, 045
87, 820
23, 047
108,564
30, 359
2,594
748
102, 990
2,492
854
77, 270
2,808
660
119,228
2,356
589
142,318
2,368
539
149, 730
2,556
537
135,179
2,205
554
118,987
1,999
458
112,134
2,449
556
116,422
2, 443
681
147,878
2,373
599
149,002
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:* §
Total, all grades..
short tons.
Chemical:
Sulphate, total.
...
-....do...
Unbleached
._.„..._
do...
Sulphite, total---._-.----»..do
Bleached.
.do.._
Soda
.._-.
.........do...
Groundwood
-._ do.._
Exports, total, all grades*._.„...___
do
Imports, total, all grades*.... .___....__.do
Chemical:
Sulphate, total*
..
do...
Unbleached*.
_ do
Sulphite, total*.„
.....do...
Bleached*
___.-.-._.-do__.
Unbleached*
........do
Groundwood..
„„,_.„. d o . . .
Production:§
Total, all grades
.
do
Chemical:
Sulphate, total..___.--.._.....
do
Unbleached.
..-....—....do-...
Sulphite, total
_______.do
Bleached....
-_---.._do_.-.
Soda
.
_._.
do
Groundwood
. _ _ _.
.....do
Stocks, end of month:§
Total, all grades
do....
Chemical:
Sulphate, total.
.............do
Unbleached
. -_____-.____do
Sulphite, total
...
........do....
Bleached...
........
do
Soda
--..do
Groundwood..
do
Price, sulphite, unbleached
dol. per 100 lb_.
PAPER
683, 900 680, 300 677, 500
693,7G0 647,100
666, 400
702,
300
755, 600
735, 700 731,600
737,000
675,400
296, 700
252, 800
207, 200
130, 700
47,053
133,000
21,622
216,142
302,100
261, 800
199, 800
126, 200
46,900
144, 900
15, 713
262,171
271, 800
234,200
197,000
126, 200
40,700
137, 600
27, 333
158,827
278, 600
238, 800
203, 200
125, 600
43,100
141,500
30,694
73,915
290,800
248,900
220, 300
142, 400
44,000
147,200
37,417
109,986
318,800
275,100
228, 800
143, 000
53. 200
154, 800
57,923
81, 345
317,300
207, 200
218, 300
137, 500
50, 500
149,600
40, 864
93, 358
310, 600
264, 200
226, 300
140, 700
47, 500
147, 200
64, 702
86,426
318, 400
269, 900
220, 200
134,800
44,500
153,900
60, 379
83, 640
301, 500
252,400
203, 700
123, 500
38, 900
131,300
32, 256
65, 554
10, 869 57, 707 104,945 89,859 101, 363
6,515
47, 539 92,659
78, 493 79, 358
43, 509 135, 795 143, 796 113,814 140,279
25,112 56, 398 53,492 46, 204 48,887
18, 397 79, 397 90, 304 67,610 91, 392
12, 903 21, 527 22,163 30,465
19,199
47,197
38, 750
96,109
33,610
62, 499
14, 723
21,030
13,408
44,172
22,836
21, 336
7,964
30,856
24,889
65,035
34,068
30, 967
13,403
11,815
6,669
50,045
26,822
23, 223
18, 446
17,817
13, 058
53, 349
30, 294
23, 055
21,138
11,385
5,546
54,882
27,662
27,220
19,218
17, 920
12,036
55, 318
31,376
23, 942
9,557
11,253
7,062
40,188
21, 247
18,941
13,187
44,900
39,359
68,112
292,100
251,200
207, 8GC
130, 200
47.344
133,000
20,985
272,049
301, 700
260,600
198,900
124, 300
48,639
128, 300
18, 537
235,419
757, 400 673,634
672,813
678, 521 708, 595 (351, 3S9 679, 455
294,912
253,440
205, 394
129,396
46,453
126,875
290,920
251, 392
207, 339
130, 749
47, 244
127, 310
297,182
258, 560
198, 575
124, 353
48,639
134,125
341,900
288, 200
220, 200
133, 200
46. 300
149, 000
7, 500
708, 357
765, 193
735, 593 706, 059 739, 071 670, 500
273,137
233, 655
195, 482
124,548
41,900
140, 870
277,575
238,075
210,780
133,590
43,100
148, 000
290,946
249, 800
207,658
132, 417
43,900
165,855
319,980
275, 685
224,485
141,097
50,600
170,128
312,782
265, 885
218, 970
138, 209
51, 000
152. 841
131, 500 124, 000 125,000 I 139,900 144,000
157, 200
163, 200
172,900
172, 800 147, 300 149, 500 144,500
17, 500
9, 700
93, 200
61,100
6,900
39, 600
2.85
17, 700
10, 600
80, 500
51,100
6,700
58, 300
2.96
18, 900
11,200
76, 200
49,200
4,200
73, 600
3.18
24, 600
16, 600
78,400
47,000
4,300
24, 200
2.28
23,400
16, 800
77,900
47, 500
4,200
18, 500
2.28
18, 900
14, 800
77,600
47, 600
4,200
24,300
2.51
300, 375
258,000
209,460
133,353
48,300
150, 460
17. 200
11,000
87, 200
54, 800
5,600
29,900
2.83
18, 500
10, 400
85, 600
53,100
6,800
33,100
2.85
309,000
263, 500
212,859
131, 459
48,200
136, 000
14, 400
9,900
76, 900
49,900
4,700
76, 800
3.34
12, 800
9, 200
63, 500
40, 700
5,400
65, 600
3.46
329, 400
280, 000
227,671
139,671
45, 000
137, 000
23, 900
19, 300
71, 000
45, GOO
5,900
48. 700
3.46
309,000
260, 000
202, 000
122, 500
39,100
120, 400
31, 300
26, 900
69, 300
44,600
6,100
37, 800
3.46
i
Total paper, incl. newsprint and paperboard.f
.,073,961 1,046,687 971,482 974,568 895,059 897,889 937,032 1,039,708 980, 385 '958, 374 979,631 8fi4,575
Production.
_..short tons..
Paper, excl. newsprint and paperboard:f
506,885 426, 342 416,102 395,874 369,670 398,896 489,923 514, 683 471,457 I'398, 861 390,325 376,527
Orders, new
......short tons..
488,904 484,993 464, 540 459, 547 413,634 405,824 433,189 479, 257 454,898 j r 446, 234 440, 394 384,139
Production
_..
-do
494,882 487,467 463, 241 439,603 393, 352 397, 553 421, 506 484, 801 472,531 \r448, 043 •427,377 383,204
Shipments..
..do
' Revised.
• Estimated. J
• Domestic pulp used in producing mills and shipments to market.
Discontinued by reporting source.
*New series. Data beginning 1913 for wood pulp are shown on p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18
of the November 1940 issue; the note with regard to the coverage of the industry has been revised as follows: The Association believes the coverage for 1936-40 was between
90 and 95 percent. No data are available for coverage prior to 1936.
tRevised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934; see table 43, pp. 12 and 13 of the November 1940
issue.
§A11 data except soda pulp revised beginning January 1940. Production data are estimates of the U. S. Pulp Producers Association. Reported stock data have been
raised on the basis of the ratio between reported and raised production figures. Stocks beginning September 1939 for all grades, total sulphate and unbleached sulphate have
Digitized for been
FRASER
revised also and are not strictly comparable with previously published data. Consumption figures derived from these production and stock figures are also revised.
52
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
1940 Supplement to the Survey
ber
December 1940
1940
January
February
September
April
May
June
July
19, 231
6,624
17, 560
64.6
16, 693
15,076
21.195
7,807
20,928
72.1
20,107
16,110
20,359
8,618
19,717
74.0
20,695
15,089
15, 321
5,561
19, 487
69.7
19, 615
14,927
14, 896
4, 852
17, 333
59.7
17,038
15,331
13,520
4,845
13, 672
57.5
13,570
15,024
106, 471 123,379
48,031
61, 758
119,300
66,165
90, 251
54, 432
94,183
46, 206
89, 059
43, 337
6.23
6.30
106, 715 106,091
84.1
78.8
106, 572 103, 839
60,424 63, 505
6.30
89,512
77.8
91, 937
59, 686
March
August
PAPER AND PRINTING—Continued
PAPER—Continued
Book paper: cf
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 100 lb_.
Production.
short tons..
Percent of standard capacity
Shipments
short tons.
Stocks, end of month
do
Fine paper:t
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
Im ports
do -..
Price, rolls (N. Y.)_
dol. per short tonProduction
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.
15, 754
8,853
24, 464
90.9
22,864
16,134
14, 532
4,154
20, 938
80.9
20, 898
16,151
14, 998
3,757
16, 227
56.4
16,136
16,665
15,105
4,084
14,925
55.5
15, 667
15, 966
14,594
3,975
14,101
55.3
15, 479
13,949
101,660
41,334
125, 564 101, 097 102, 430
84, 515 68, 694 61, 368
91, 400
47,479
85, 546
41,760
98, 783
41,804
6.30
106,482
80.9
103,403
63,152
5.70
5.65
5.89
122, 283 117, 290 110,731
97.6
93.6
91.9
122,901 117, 079 110, 950
50, 797 51,010 51, 783
5.95
109,936
84.4
103, 999
55, 249
5.95
100, 090
83.1
95,403
59, 876
79.6
99,065
58, 483
35, 977
15, 620
39, 959
37, 807
64, 988
38,150
15, 697
39, 756
39,095
64, 730
18, 334
5,108
18,163
62.5
19,431
14,158
24,108
12, 971
24, 573
91.3
24, 516
13, 897
47, 567
40, 802
48,000
50, 035
57, 752
275, 822
309,957
287, 943
180, 326
37,131
28, 444
48, 824
47, 534
58, 878
5.95
5.95
5.95
5.95
101, 422 115, 351 109,905
88.5
82.8
91.7
100, 687 109, 723 114,727
58, 375 62, 972 59,511
48,209
20,611
42, 260
41, 455
64, 913
52, 921
26, 224
46, 065
47, 504
63, 797
36,180
49,831
30, 335 24, 388
42,899
43,489
45, 770 ' 43,086
60,75Q
61,901
35, 057
22,011
44, 856
42, 757
61,110
38,
16,
45,
43,
67,
245
292
429
308
765
178, 743
142, 261
174, 809
180, 657
91, 261
155,156 150, 064
108, 704 93, 528
176, 037 165, 575
183, 087 168, 365
80, 603 78, 219
147,
77,
173,
163,
86,
507
850
923
769
656
131,901 140, 035 205, 323 197, 542 163,646
65, 994 62, 586 111,026 120, 953 115,997
149,600 148, 805 159,001 178, 472 164,077
168,415
142, 975 145, 044 155, 651
90,903 91,935 92, 309 83, 505 79,929
270, 525
280, 985
289, 260
192, 609
253, 997
288, 726
287, 869
193, 466
225,
251,
244,
176,
752
032
273
261
187, 990
231, 823
211, 322
196, 762
255,
240,
264,
169,
259
656
620
502
205, 655
251, 279
235, 304
212, 737
263, 884
268, 947
267,134
214, 550
301, 209
323, 563
334, 441
203, 672
320, 655
315,343
338,446
180,569
34,687
18,817
43, 418
T
41, 412
62, 294
35,161
18,314
37,291
36, 383
63, 721
152, 619 144,649 133, 381
102,149 81,622
73, 354
168, 567 166,125 140, 464
167, 708 164, 852 141,373
80,961
81, 774 80, 398
318,841
332, 689
337, 508
176, 750
301, 654
316,607
332, 234
160,123
301, 293
282, 322
284,133
158, 312
261,028 257, 578 240, 571 254, 781
229, 561 282, 581 261,667 230, 094
50.00
50.00
50.00
50. 00
78, 591 78, 886 77, 836
88,192
88, 774 79, 364 81, 410 78, 283
218, 488
198, 760
50.00
84,126
80, 959
216, 095 251, 269 244,181 257, 565 241, 639 206, 913 213,105 238,176
181, 344 176, 887 224, 401 262, 983 254,920 261,727 258, 055 239, 679
50.00
50. 00
50. 00
50.00
50.00
50. 00
50.00
50.00
77,888
81, 455 85,143
86, 277 90, 207 84, 762 82, 579 86,633
86, 220 81,714
77, 470
79, 972 86, 930 85, 412 88, 912 85,194
18, 648 15, 923 13, 399 12,952
339,211 285, 333 295, 675 284, 283
42,039
50, 073 50,704 43, 948
16,119
285, 776
42, 760
19,230
16, 680 17, 975 17, 543 13, 893 18,812
17, 602 15,815
278, 306 246, 228 238,670 247, 206 257, 567 318,609 361,179 364,207
38, 727 42, 329 43, 312 47, 435 44, 679 46, 245 45, 919
38,061
280,
398,
140,
430,
033
125
269
895
72.1
237, 490
265, 066
367, 897
115, 266
399, 970
70.8
241, 242
279, 402
392, 794
110,039
406. 922
69.1
241, 674
291, 285
480, 250
166, 830
417, 566
70.9
225, 577
338, 241
517, 221
204, 249
470, 244
77.1
235, 706
324, 448
437, 874
195,037
440, 725
77.8
240, 039
299, 781
398,191
160, 541
429, 561
70.3
251, 823
317,909
414,966
131,890
452, 004
73.9
245, 378
283,660
399,133
131,242
402, 548
71.2
245, 685
84, 253
82, 324
98,135
101,125
949
812
137
717
608
109
921
745
176
651
71
128, 245 137,820 142, 780 163,493
80
78
75
80
17,399
17, 387 18,537
17,999
139,161
79
18,203
333,739
486,181
140, 027
473,169
77.8
249, 860
365, 396
497, 834
285, 935
506, 466
85.6
218, 649
339, 335 283, 228
414,224 393,123
204, 800 173, 212
482, 808 429,106
81.8
72.6
21 *>. 850 247, 393
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams.
Paperboard shipping boxes:
Shipments, total
mil. of sq. ft_.
Corrugated
do
Solid
fiber
do__-
111. 106 102,186
87, 504
74,389
90, 003
86, 712
95, 362
91, 707
95,478
3,414
3,171
243
2,997
2,820
177
2,552
2,370
183
2,615
2,444
171
2,403
2,266
137
2,524
2,380
144
2,618
2,467
151
2,999
2,821
178
882
772
110
885
786
99
952
819
133
681
569
112
1,023
805
218
1,379
1,126
253
953
807
146
655
170, 828 162,230
77
20,284
18,559
144,291
82
19,387
134,664
86
15, 596
140,463
84
18,361
129,162
86
15,910
PRINTING
Book publication, total
no. of editions..
New books
do
New editions
do
Continuous form stationery, new orders
thous. of sets..
Operations (productive activity)
1923 = 100_.
Sales books, new orders
thous. of books..
988
166
137,202 | 162,347
18,740~
16,940
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER
Crude rubber:
Consumption, total _
Inn? tons
56, 477
For tires and tubes (Quarterly)
do
do____ 74 606
Imports, total, including latext-.
Price, smoked sheets (N. Y.)
dol. per lb__
203
Shipments, world...
__
lone tnns
Stocks, world, end of month
..-.do.—
Afloat, total..
do
For United States
_
d o . . . 166, 837
London and Liverpool
„_
do._._
do
British Malaya.. .
United States
do_— 259 140
Reclaimed rubber:
Consumption
dn
16 528
Production
do_— 19 358
Stocks, end of month
32 118
do
Scrap rubber consumption
do_.._
57,155
55 677
45 6??
199
115* 000
401 000
173, 000
100, 500
37 361
71 66?
119 404
42,586
202
86* 000
382,000
171 000
114 044
36 671
69 139
105 205
17 4?3
19 549
21 694
16 551
19 417
?39
49, 636
115 695
71,631
.200
88,000
379,000
152,000
91,095
31, 000
70, 214
125,800
14,317
18, 009
25, 250
47, 649
54,978
49 83?
72,496
.196
108,000
434,000
175,000
90, 285
20,000
96, 478
142, 387
43 OSK
188
112", 000
430, 000
193 000
112 257
16 000
86 9?3
134 352
16, 070
19, 297
27, 418
15 370
17 992
?S 60?
50,192
92, 937
59, 257
.185
112,000
444,000
211,000
113,619
18, 000
72, 054
142, 462
15,931
17, 234
28, 488
43,037
50,103
51 619
70,700
.192
93,000
465, 000
188,000
102, 557
22.000
92, 895
162, 494
51, 431
212
1231 000
471, 000
210,000
109. 364
21, 000
78 485
161 485
16, 298
16, 568
27, 558
15 719
17, 552
28, 397
50,206
50,234
47,011
46, 506
88, 668
73,028
78, 972
69, 474
53, 889
.193
. 196
.222
.211
130,000 116.000 125,000
112,000
501,000 '584,000 r584,000 r 630, 000
235, 000 250,000 255, 000 r 205, 000
119,138 139, 629 141,286 137, 033
36. 000
50.000
26, 500
19, 500
80, 375
73, 799
78,029
80, 600
168, 245 190, 608 213,002 241,358
15,844
16,631
28, 327
39,844
14, 298
14. 342
23,058
May 1940 Survey.
month to month.
14.179
17,213
29. 832
14,589
10,428
30, 287
53
SURVEY OF CURRENT BUSINESS
December 1940
1940
1939
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
ber
1940 Supplement to the Survey
January
February
March
April
May
July
June
August
September
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
5,082
Production
thousands
5,561
Shipments, total
do
2,322
Original equipment
do
3,081
Replacement equipment.
do
158
Exports
do
9,448
Stocks, end of month
do
Inner tubes:
Production
do
4, 557
4,878
Shipments, total.
_
do
124
Exports
do.. _
Stocks, end of month
do
7,647
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (ouarterlv^
thous of lb
5,392
5,161
1,788
3,226
4,865
4,278
1,854
2,276
4,954
4,270
1,805
2,360
4,469
4,727
2,613
1,979
5,007
4,346
2,050
2,203
4,888
4,112
1,974
2,037
5.106
5,010
2,095
2,827
5,415
5,720
1,999
3,626
4,706
4,315
858
3,347
5,148
6,927
1,925
4,905
4,621
4, 174
705
3, 354
4,417
4,512
1,465
2,941
146
148
135
105
101
93
87
96
96
110
115
8,382
8,918
8,665
9,348
10,124
10, 747
10,881
10,576
8,881
9,299
9,732
9,886
5,008
4,948
4,508
3,967
3,784
4,394
4,287
3,827
4,211
3,810
4,400
4,114
4,618
4,543
4,739
4,739
4,359
5,721
4,314
3,600
4,107
' 3, 953
127
92
76
71
60
57
78
74
4,027
3,793
108
7,710
7,036
7,634
7,897
8,183
8,258
8,243
6,841
7,094
7,802
'7,950
7,279
75, 799
89
96
106
84
58,188
60, 666
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
5,332
5,916
14,619
thous. of pairs
do
do
_.
6,049
5,473
15,195
5,044
6,389
15, 018
5,376
4,185
16,388
5,062
4,761
15, 319
4,869
4,532
15, 656
5,128
3,902
16,881
5,075
3,862
18,095
4,528
3,737
18,886
3,323
4,567
17, 641
4, 583
5,808
16, 386
4,046
6, 200
14, 232
• 12,490
58.9
• 13, 223
24,010
5,907
12,290
56.0
13, 442
22, 855
5,559
r 12, 712
57.9
r 14, 018
r 23, 549
5, 158
13. 105
r 61.9
• 14, 741
19,913
r 4, 837
0)
(0
0)
0)
0)
0)
0)
(0
()
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bblthous. of bbl.
do...
do..-
6,205
28.6
3,893
25, 759
5,617
5,041
24.8
4,907
25,894
6,304
7,918
36.3
7,716
26,118
6,487
10, 043
47.5
10, 829
25, 348
6,606
12, 633
58.0
13, 206
24, 758
6,071
833
788
281
749
710
271
783
781
285
726
743
282
790
788
284
992
929
282
12.080
129, 252
483,173
12.112
58, 914
503, 967
12.126
84, 238
482, 690
12.124
120,174
449, 425
12.132
12.164
176, 786 197, 021
408, 147 392, 975
12.116
186,472
397,336
12.101
193, 479
402,159
12.094
187. 648
422, 005
12.121
182,785
436,082
54,127
243, 491
37,645
257, 469
15, 399
282, 992
23, 373
281,311
36, 592
279, 900
52, 495
273, 526
66,190
262,463
61,195
253, 326
r
62, 330
250, 730
64, 490
248, 531
60,921
249,039
5, 511
1,478
4,868
1,337
4,271
1,173
4,028
1,092
3. 658
945
4,781
1,165
5,428
1,341
5,716
1,389
89,700
324, 886
88,422
339, 038
67, 659
362, 492
38, 882
366, 680
49, 606
355, 041
60, 993
351, 726
361, 660
86,062
361, 648
84,339
361, 759
89, 810
357,266
94, 442
357, 421
85,937
363,337
8,947
42, 192
5, 885
42, 261
2,654
43, 384
1,089
42, 374
2,096
42, 159
2, 525
42, 953
2,897
43, 914
5,153
43, 627
5,081
44, 049
6,148
43, 383
S, 383
37, 425
7,094
35, 641
4,263
61.6
3,726
4,123
64.3
3,831
1,412
1, 368
4, 606
69.1
4,229
199
872
37
356
206
689
1.,360
319
170
6
10, 078
14, 302
4,584
68.8
4,339
211
883
37
510
295
637
1, 254
306
171
18
10, 234
12, 367
4,429
4,701
69.1
70.5
4,763
5,230
281
248
932
955
31
41
640
637
781
397
842
617
1, 269
1,131
317
273
200
200
102
59 ,
10,078 I 9, 180 I
11,721
9,783 |
4,780
71.7
4, 532
315
953
28
466
358
624
1, 129
285
207
149
9,331
8, 522
5, 070
73. 3
4. 653
' 657
1,016
34
304
186
456
1,363
304
208
106
9, 655
12, 533
4,289
69.7
4, 565
820
879
32
145
91
726
1,284
313
208
49
9, 292
14,091
1, 189 ! 1,413
73. 2 ! 87. 1
1,099
67.7
994
61. 1
993
61.1
1,002
61.7
13,984
63.9
15,824
18, 073
4, 483
12,539
57.3
12, 829
19, 870
4,854
11, 053
52.2
10,147
20, 779
4,824
0)
0)
0)
1,282
1,215
360
1,022
958
375
1,043
877
12.043
183, 201
466,150
12. 083
167, 329
468, 357
64, 278
236, 784
9,488
42.9
6,785
• 23,453
5,165
CLAY PRODUCTS
Bathroom accessories:
Production
_thous. of pieces.
Shipments
.do._.
Stocks, end of month
do...
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thousShipments
thous. of brickStocks, end of month
do...
Face brick:
Shipments
do__.
Stocks, end of month
do.._
Floor and wall tile shipments:
Quantity
thous. of sq. ft.
Value
thous. of doL
Hollow building tile:
Shipments
short tons.
Stocks, end of month...
_
..do...
Vitrified paving brick:
Shipments
thous. of brick.
Stocks, end of months
do__.
12.147
GLASS PRODUCTS
Glass containers:
Production
thous. of gross.
Percent of capacity
Shipments, total
thous. of gross_
Narrow neck, food*
do...
Wide mouth, food*
do...
Pressed food ware*
do__Pressure and non-pressure*
do__.
Beer bottles*
do.. .
Liquor ware*
do.-.
Medicine and toilet*
do.__
General purpose*
do.._
Milk bottles*
do_-.
Fruit jars and jelly glasses*
do___
Stocks, end of month
do...
Plate glass, polished, production, thous. of sq. ft_
Window glass:
Production
thous. of boxes.
Percent of capacity
4,300
4,891
69.1
75.5
3,888
4,478
144
256
904
662
49
40
92
108
100
104
929
1,015
1,351
1,601
330
281
184
173
12
3
8,061
8,374
18,369 | 15,812
1, 121 i
69.1 I
1, 143
70.5
4,046
65.0
3,076
104
552
28
119
129
736
995
215 |
160
796
38
143
125
560
274
168
2
2
9, 001
9,807
9,237
18,477 ! 17, 257 ! 13, 175
182 •
293
182
3
179
791
45
205
143
646
1, 107
68. 2
1,023
63.1
1.068
65.8
908
55.9
GYPSUM AND PRODUCTS
Crude:
Imports
short tons..
Production
do
Calcined, production
do
Gypsum products sold or used:
fJncalcincd
do
Calcined:
I
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-..J
Wallboard
do
j
r
Revised.
* New serie
530,089
813,129 I
688,986 !
! 230,207
394, 592
30,898
5,955
! 396,580
| 200,355
i 7,335
! 98,887
:
i
i
!
!
!
'
i 172,869 {
584,627 I
J 577,799 ;
313,340
917,234
869,174
531,032
1,128,862
909, 578
131,547 !
263,028
250, 080
344,553 I
I 29,951
J 5,819
! 335,530
i 235,890
. i 6, 296
. j 93, 344
509,602
30,444
7,303
519,767
384,195
8, 329
127, 243
5f-(x 5 6 0
1
2
Series discontinued by reporting source.
Temporarily suspended by reporting source.
Data beginning January 1934 are shown in table 49, pp. 16 and 17, of the November 1940 issue.
20, 850
7, 393
591,878
453, 124
8,475
130, 279
54
SURVEY OF CURRENT BUSINESS
Monthly statistics throngh December 1939, to1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October | Novem- December
ber
1940 Supplement to the Survey
December 1940
1940
January
February
March
April
May
June
July
10, 679
10,133
25, 302
10, 660
10,108
25,854
9,711
8,835
26, 730
9,418
9, 244
26, 558
11,174
11,257
12, 396
12,762
25,335 i 23,830
623,098
344, 609
11, 096
.100
.109
641, 636
226, 469
14, 292
.098
.102
565, 416
133,530
12, 374
.095
.107
622, 723
136, 751
18, 254
.095
.104
654,503 ! 639, 252
04,743 i yo, 555
10,153 ;
3,991
. 092
.092 j
.097
.098 j
tember
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
_
thous. of dozen pairs..
Shipments
__
..do
Stocks, end of month
...do...
COTTON
Consumption
.
__
bales.
Exports (excluding linters).
...do
Imports (excluding lfnters).
.._„...do
Prices received by farmers
dol. perlb..
Price, wholesale, middling (New York)...do
Production:
Ginnings (running bales) • ...thous. of bales..
Crop estimate, equivalent 500-lb. bales, .do
Stocks, domestic cotton in the United States,
total
thous. of bales..
On farms and in transit
do
Warehouses
.do....
Mills
......do.._.
32
606 I
3,924
12,943
815
10, 709
1, 419
12,189
788
10,087
1, 314
11,414
773
9,540
1,101
34,943
5,813
28, 470
24, 627
6,329
11.40
.050
.059
11.37
.047
.058
10.68
.046
.057
126, 968
89, 204
4,889
98, 336
109, 278
78, 468
4,612
80,744
22, 213
8,035
324
89.4
21, S55
6,960
'281
87.9
21,919
7, 548
305
.222
.338
.219
.321
.227
.325
.227 I
.325 |
.227
.325
32.2
571
31.4
669
'32.1
391
'•34,0 j
441 j
'.' 30. 9
224
.53
12.5
.53
12,8
.53
'11.1
.a |
'9.9 I
.53
'8.3
18,997
2,925
17.307
2, 356
22, 766
3,827
30, 189 I
4,761 !
2S, 828
3,739
COTTON MANUFACTURES
Cotton cloth:
Exports
thous. of sq. y d . .
Imports
.
...
.
do
Prices, wholesale:
Mill margins
cents per 3b..
Print cloth, 64 x 60
dol. per yd__
Sheeting, unbleached, 4 x 4
do_._.
Finished cotton cloth:
Production:
Bleached, plain
thous. of y d . .
Dyed, colors
do
Dyed, black.....
_
do
Printed
do....
Spindle activity:
Active spindles
thousands..
Active spindle hrs., total
mil. of hrs._
Average per spindle in place
hours..
Operations
pet. of capacity..
Cotton yarn, wholesale prices:
22/1, cones (factory)
dol. p e r l b . .
40/s, southern, single, carded, B o s t o n . . . d o . . . .
RAYON AND SILK
Rayon:
Deliveries (consumption), yarn*...mil. of lb__
Imports
thous. of lb._
Price, wholesale, 150 denier, first quality
(N. Y.)
dol. perlb"..
Stocks, yarn, end of mo.t
mil. of lb__
Silk:
Deliveries (consumption)
bales..
Imports, raw
thous. of lb_.
Price, wholesale, raw, Japanese, 13-15 (N.Y.)
dol. p e r l b . .
Stocks, end of month:
Total visible stocks
......bales..
United States (warehouses)........ do
24,413
6,919
26,288
24, 409
4,767 j 5,216
11.00
.047
.058
11.23 !
.048 |
.058 !
32 26
.050
.059
120,709 j 129.250 132,9i2
92,116 102,085 | 108,029
f 6, 786 I 5, 924
6,491
88,482 100,752 j 104,345
22,078 I 22,278
7,872
7,S67
318
! 320
90.4 ! 96.7
2.794
2.724
2.540
92,485
43, 285
90,122
41,822
115,111
43,211
18, 466
18, 666
17, 502
17,065
6, 524
19,373
28,431
6,061
'99
28,609
7,941
1, 407
1,558
67
125
., 694
63
166
744
60
68.147
66,718
137
72, 506
72,934
143
K 359
i, 527
140
83, 66."
88,005
158
.39
.87
.39
.89
.39
931
2.529 j 2.561
172, 254
44, 454
151,698
46, 898
WOOL
Imports (unmanufactured)
thous. of lb__
Consumption (scoured basis) :1
Apparel class
do
Carpet class
do
Machinery activity (weekly average) :5
Looms:
Woolen and worsted:
Broad
thous. of active hours..
Narrow
do
Carpet and rug
„
do
Spinning spindles:
Woolen
._
„
....do...., , n • ,_,
Worsted
...
d o . . . . | 104» ?32
Worsted combs
do....
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb._
Raw, Ohio and Penn.,
fleeces
do
Suiting, unfinished worsted, 13 oz. (at
mill)
dol. per y d . .
Women's dress goods, French serge, 54" (at
mill)
dol. per y d . .
Worsted yarn, 2/32's, crossbred stock(Boston)
dol. per lb__
Receipts at Boston, t o t a l . . . .
thous. of lb._
Domestic
.do
Foreign..
do
Stocks, scoured basis, end of quarter, total
thous. o f l b . . ,
Woolen wools, total
..._.
.do
!-Domestic
.do
'
Foreign
..do .
Worsted wools, t o t a l . . . .
do....
Domestic.
...
.,do
Foreign
_....
do
1,209 !
58 j
152 I
41,815
28,181
13, 634
57,045
22, 825
34,220
1. 931
1.931
1.114
1.114
1.250
44, 896
41, 790
3,106
1.290
52,905
44,472
8,433
1G,O99 |
.92
.40
1. 11 i
114
250
278 j
1.28S
29,96!
540 I 22, 912
7,049
738
128, 5S5
47, 508
35,183
12,325
81,077
59,436
21,641
i Total ginnings of 1939 crop.
' Revised.
•Total ginnings to end of month indicated.
November 1 estimate of 1940 crop.
* Not available.
IData for October 1939 and January, April, July, and October, 1940, are for 5 weeks; other months, 4 weeks.
X Monthly data beginning January 1930, corresponding to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 ©f 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.
1
21,831
i
127, 423
41, 233
29,378
11,855
86,1%
57. 201
28,9S0
55
SURVEY OF CURRENT BUSINESS
December 1940
Monthly statistics through December 1989, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- Decem1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
ScpAugust tembe!
TEXTILE PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl;
Production
pet. of capacity.
Stocks, end of month
thous. of gross
Fur, sales by dealers
thous. of dol.
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo__thous. linear yd
Pyroxylin spreadthous. of lb._
Shipments, billedthous. linear y d . .
1,520
46.5
5,784
2,660
44.0
5.927
2,250
30.4
6,014
1,334
35.7
6,403
3, 275
34.9
6,431
4,447
38.8
6,498
4,237
41.0
6,539
3, 813
40.5
6,541
4,263
28.8
6,437
2,403
.
3,578
6,371
6,482
3,132
5,413
5,556
2,797
5,038
5,148
2,886
5,131
5,053
2,398
4,930
4,844
2,227
4,769
4,978
2,118
4,772
5,003
2,040
4,102
4,504
2,244
3, 931
4,030
r
30.4
6,304
3, 377
14.0
6 , 400
' 4 ,273
50.7
0, 499
' 3, 700
2,807
4, 435
4,430
2,499
5, 366
5,353
2, 860
5.128
5,106
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft!-.. number.
Exports
.
do
331
AUTOMOBILES
Exports:
Canada:
8,859
Assembled, total
.
number..
132
Passenger cars___.
.
do
United States:
Assembled, total
„___..__
do
16, 857
7,071
Passenger cars __
...do
Trucks
do
9,786
Financing:
Retail purchasers, total..
thous. of dol
New cars
do
Used cars
do
Unclassified
do.-..
Wholesale (infrs. to dealers)-..
do
Fire-extinguishing equipment, shipments:
Motor apparatus
number(0
Hand extinguishers
-do
0)
Production:
Automobiles:
21,151
Canada, total.
do__.
7,056
Passenger cars
do...
493, 223
United States (factory sales), total
do
421, 214
Passenger cars
...do
72, 009
Trucks
do_-.
1,759
Automobile rims
_.___...thous. of rims.
Registrations:
New passenger cars...
number- 290,495
New commercial cars
...do
48,356
Sales (General Motors Corporation):
World sales:
226,169
By U. S. and Canadian plants
do
United States sales:
207,934
To dealers
do
186,016
To consumers
do
Accessories and parts, shipments:
190
Combined index
Jan. 1925=100.
Original equipment to vehicle manufac235
turers
Jan. 1925=100..
149
Accessaries to wholesalers
do
199
Service parts to wholesalers
do
J42
Service equipment to wholesalers
do
439
43
344
62
271
294
1,202
586
4,874
2,386
4,901
1,947
18,140
9,461
8,679
19,676
10,678
22, 688
11,885
10,803
109,793
59,525
49,734
534
130,332
113,941
64,000
49,463
478
134,922
119,637
69, 705
49,408
524
179,930
77
37,471
67
33,737
76
37,869
11,297
7,791
313,392
251,819
61,573
1,882
16,756
9,882
351,785
285, 252
66,533
1,783
16,976
11,054
452,142
373,804
78,338
2,071
212,586
37,923
231,571
41,286
246,544
37,460
144,350
200,071
207, 637
129,821
110, 471
180,133
162,881
188,839
156, 008
241
206
15,793
17,183
,184 i 9,307
7,609
7,876
21,277
12,677
391,215
325,676
65,539
1,744
171,024
151,661
165,820 I 173,212
146
135
159
106
183
101
154
107
167
91
1, 638
1, 642
1, 641
117
7.3
27,459
18,700
8,759
168
10.4
28, 906
21,025
7,881
159
9.8
36,193
28,116
8,077
154
9.6
37,049
27,412
9,637
6,155
15.4
131
122
9
7, 558
18.3
64
42
22
6,985
17.0
44
20
24
6,507
15.9
51
17
34
6,324
15.5
77
36
41
6, 496
16.0
70
30
40
6,604
16.2
59
29
30
675
16.4
54
32
22
6,781
16.8
88
70
18
6,653
16.5
97
84
13
6,506
16.2
115
106
6, 226
15.5
114
108
6
155
113
21
92
39
6
33
158
119
40
79
24
1
23
146
112
35
77
32
5
27
139
108
28
80
39
7
32
170
144
72
72
44
6
38
152
126
70
56
37
2
35
146
124
81
43
35
5
30
232
209
87
122
30
7
23
277
252
109
143
54
177
101
127
87
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars, end of mo.:
N u m b e r owned
thousandsUndergoing or awaiting classified repairs
thousandsPercent of total on line
Orders, unfilled
-_..._.„__cars.
E q u i p m e n t manufacturers. _--.-__-_ .do
Railroad shops
do
Locomotives, steam, end of mo.:
Undergoing or awaiting classified repairs
number .
Percent of total on l i n e . . .
Orders, unfilled
numberE q u i p m e n t manufacturers
__..do
Railroad shops
.
do
1, 642
131
8.1
10,892
9,010
7,882
6, 270
15. 7
130
118
11*
(U. S. Bureau of the Census)
Locomotives, railroad:
268
165
Orders, unfilled, end of mo., total...number..
242
140
Domestic, total...
...__ do
125
30
Steam
_.._._
.do
117
110
Other
.............do....
47
53
Shipments, domestic, total
..do
19
8
Steam.-..---...
do
44
Other
._..-..
do....
* Temporarily discontinued by reporting source.
^Designation changed from "commercial licensed" or "civil aircraft"
184
140
27
113
35
3
32
(1940 Supplement),
251
12ti
125
40
0
40
56
SURVEY OF CURRENT BUSINESS
1939
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the October October Novem- December
ber
1940 Supplement to the Survey
December 1940
1940
January
February
March
April
June
May
August
July
September
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT-Continued
(U. S. Bureau of the Census)
Locomotives, electric, mining, and industrial
(quarterly) :§
Shipments, total
__
number.
For mining use
do
(American Railway Car Institute)
Shipments:
Freight cars, total
number
Domestic
_ ,_ do
Passenger cars, total
do___
Domestic
do
(U. S. Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total
number.
Electric
.
do
Steam
__ __
do
88
87
80
67
79
76
67
67
3,704
3,586
10
10
1,160
1,110
12
12
2,616
2,616
54
54
4,366
4,136
36
36
5,160
5,083
0
0
5,242
5,142
14
14
6,588
6,488
4
4
5,900
5,400
1
1
3,260
3,060
6
6
1,580
1,478
5
5
1,496
1,496
28
19
14
5
9
8
1
13
12
1
11
10
1
4
3
1
13
8
5
16
10
6
26
9
17
20
18
2
14
13
1
14
12
2
129
93
36
140
99
41
152
118
34
131
112
19
125
119
6
132
119
13
109
98
11
147
137
10
135
121
14
o
2,354
2,354
12
12
2,822
2 822
10
10
16
13
3
13
9
4
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
do
0)
(0
0)
0)
0)
0)
0)
0)
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined indexcf
1926=100..
Industrial production:
Combined indexd1
--do
Construction
.do
Electric power
do
Manufacturing cf
do
Forestry cf
do
Miningd"
do
Distribution:
Combined index
do
Carloadings
_
do
Exports (volume) d*
do
Imports (volume)^
do
Trade employment
do
Agricultural marketings, adjusted:
Combined index
do
Grain
do
Livestock
do
Commodity prices:
Cost of living!
1935-39 = 100-,
Wholesale prices
1926=100.-..
Employment (first of month, unadjusted):
Combined index
do
Construction and maintenance
do
Manufacturing
do
Mining
do
Service
do
Trade
-do
Transportation
..do
Finance:
Bank debits
mil. of doL.
Commercial failures
number._
Life-insurance sales, new paid for ordinary!
thous. of doL.
Security issues and prices:
New bond issues, total
do
Bond yields
1926=100-.
Common stock prices
_-.do
Foreign trade:d"
Exports, total
thous. of dol__
Wheat
thous. of bu_.
Wheat
flour
thous. of bbL.
Imports
thous. of doL.
R ail ways:
Carloadings
thous. of cars..
Financial results:
Operating revenues
thous. of dol._
Operating expenses
.
do
Operati ng income
do
Operating results:
Revenue freight carried 1 mile.mil. of tons..
Passengers carried 1 mile
mil. of pass..
Production:
Electric power, central stations
mil. of kw.-hr__
Pig iron
thous. of long tons__
Steel ingots and castings
do
Wheat
flour
thous. of bbl__
133.1
133.0
133.3
138.6
131.2
123.0
151.0
140.6
141.3
144.5
152.5
155.4
139.7
43.2
245.6
143.7
139.3
194.2
139.0
40.3
248.1
136.9
128.7
236.7
138.2
61.7
239.2
136. 9
127.6
202.4
145.2
52.1
243.4
146.8
142.4
215.6
136.2
61.6
239.8
134.2
125.4
200.9
127.0
61.2
239.0
123.3
119.0
185.7
159. 8
97.4
247.1
142.4
152.0
318.7
146.9
76.0
269.7
139. 8
142.5
229.9
147.6
83.9
274.2
132.9
160.0
269.2
151.1
70.8
279.3
141.7
163.1
263.7
161.6
90.7
262.9
151.7
159. 3
274.3
167.0
127.0
248.0
159. 7
156. 6
228.0
114.3
80.0
106.9
99.7
138.3
115.8
84.0
114.3
102.1
137.3
119.1
82.6
123.7
108.1
141.8
119.7
86.7
130.5
109.7
139.3
116.8
83.1
106.3
107.4
139.6
111.5
73.4
96.8
83.5
141.7
125.7
84.6
169.5
136.6
140.4
122.6
89.5
141.0
107.6
142.1
123.2
87.8
152. 8
106.6
142.9
125.5
96.9
138.0
111.8
148.1
126.5
91.7
152.0
121.0
143.9
122.2
81.9
134.3
109.8
146.2
96.5
96.0
99.6
151.1
166.2
83.2
101.3
107.1
75.2
101.3
105.7
81.9
134.8
148.0
75.6
36.7
29.2
70.1
60.4
53.4
91.7
114.7
122.7
79.0
91.7
93.9
81.4
131.6
136.6
108.9
101. 8
102.2
100.0
60.3
52.0
97.7
107.0
83.3
103. 5
79.3
103.8
80.3
103.8
81.7
103.8
82.6
103.8
82.8
104.6
83.2
104.6
83.1
104.9
82.1
104.9
81.6
121.7
131.5
119.7
170.3
136.1
138.6
94.8
123.6
117.6
122.1
171.0
135.2
140.2
90.6
122.7
93.8
122.2
171.3
132.9
144.7
89.7
116.2
68.8
118.2
164.7
133.7
149.9
84.5
114.4
58.1
120.5
168.4
131.8
136.4
83.3
113.5
55.4
122.6
167.1
132.6
134.9
83.0
111.9
59.6
123.4
164.4
133.4
137.6
82.8
114.3
68.4
125.7
164.5
138.2
138.3
120.9
90.5
129.2
166.7
142.5
140.7
90.3
105.9
82.7
127.9
114.3
134.4
168.1
155.4
141.4
94.8
106. 4
83.1
136.2
121. 1
143.8
172.3
147.3
146.8
94.3
105.6
82.4
124.7
105.0
130.3
167.2
149.2
142.8
93.7
2,899
154
2,930
95
3,057
120
2,674
136
2,955
105
2,413
111
2,938
98
3,340
100
2,682
91
2,62S
2, 458
2,571
79
31,210
26, 156
131.6
121. 1
138.4
170.2
157.1
142.9
94.6
31,900
33, 034
34, 759
33, 726
31, 820
30, 265
32, 248
31,779
28,530
28,159
24, 698
108, 876 268,083
71.0
76.5
106.0
81.4
60,890
74.0
103.6
78,996
75.1
101.2
322,906
74.4
99.7
116,510
73.4
99.0
95, 037
73.4
99.1
89,109
72.4
97.0
480,816
71.8
80.4
75,593
73.0
71.9
83,062
72.8
72.5
84,568 j 403,^972
72.0
1.3
76.0
83.2
106, 791
9,659
98,490
20, 635
573
84, 561
101,973
34,412
903
72,109
90,854
10,358
725
71,104
72,314
6,598
559
71,042
83,465
8,628
716
76, 734
84,693
5,082
520
85,980
110, 764 111,622
23, 466 13,570
723
509
100, 537 90,705
108, 645
91,419
16, 849
444
79,053
200
210
199
195
219
237
240
248
39,681
26,985
11,222
36, 703
25,146
10,083
33, 232
24,552
8,199
30, 495
25, 855
3,373
30, 000
25,422
3,335
30,145
25, 643
3,271
29,916
25, 569
3,077
34,630
27, 303
5,760
36,914
27,557
7,657
38, 398
30, 402
6,042
37,409 I.
30,240 |_
3, 753
115
3.371
101
2,976
196
2,791
144
2,757
134
2, 559
168
2, 785
124
2,930
141
3,504
180
3, 260
219
2,987 L
2.367
87
140
1,247
j
I 2,426
!
92
i 157
I 1,257
2,399
2,672 | 2,579
2,615
89 I
93
96
174
166 |
170
1,283
1,170 i 1,223
2,500 |
89 i
172 {
1, 291
270
109
185
101,463 111,360
11,401
11,868
576
314
89. 496 96, 836
2, 590
86
150
2,090
248
2,607
147
1,960
2, 535
95
150
1, 600
2,526
105
166
1,266
153
1,344
102, 778
9, 500
551
86, 287
256
5,1G6 j .
218 !_
2,400
105
165
1, 636
i Discontinued b y reporting source.
§Series covers only straight electric types (trolley or third-rail and storage b a t t e r y ) ; data are available beginning 1939 also for Diesel-electric, Diesel-mechanical, and gasoline-mechanical or steam locomotives. D a t a for 1940 are not comparable with those for earlier years which include some units of only partial United States manufacture.
cfPrior to 1940, t h e Canadian foreign trade year ended in March and the period for closing returns for this m o n t h was extended beyond the normal period in an a t t e m p t
to include wind-up items in the figures, making March figures high and April figures low. T h i s practice was discontinued in 1940, when a foreign trade year coinciding with
t h e calendar year was adopted; therefore, March 1940 trade figures show a considerable artificial reduction and April figures a considerable artificial increase as compared
with previous years. T h e business indexes to which this note is appended are similarly affected since exports a n d imports of certain commodities are component factors.
f D a t a on life insurance sales revised beginning September 1936. For revisions, see p . 56 of the September 1940 Survey. Index of cost of living revised and computed on
a 1935-39 base; revised d a t a beginning 1913 will be shown in a subsequent issue.
U. S . GOVERNMENT PRINTING O F F I C E : 1 9 4 0
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Nnvspfnt
.
Nc-iv Voric, e employment, pay rolls, wages,
«•! t, I k v t ' d S
CLASSIFICATION
BY SECTIONS
Monthly business statist if *».
Business indexes . .
Commodity prices. .
Construction and real estaU'
Domestic trade
Employment conditions and
waj.es
FmuiH e
Foreign trade
Transportation and rommumc-i
lions
Statistics on individual indus
trus
Chemicals and allied products
t.'-ttnc power and gas
Foodstuffs and tobacco
Put-'r. and byproducts.
Leather and products
Lumber and nianufa* tures
Mdals and manufactures
Iron and steel
Noofeirous metals and prod
i\j-\il *TV :'u
21
_J
24
tl^gs a n d C'M : '•
Electric;.! e- , M IM> r)>t
Frictoiv
7
41
r
4S
o1
53
S6
CLASSIFICATION, BY INDIVIDUAL
SERIES
Page
Abrasive paper and cloth (coated)
52
A< < t pt rimes, bankers' .
3')
A rcsM nes and parts Automobile
33, 5o
2A
A'lvcitiftUM
Agxu uituial • ash income
19
Ags \ ult ural prodm ts (export indexes)
.
36
Agru uHutal wages loans.
.
29,30
A'r • ond.it ionmg equipment
50
An mail and an line opeiatsoris
2\.3&
AnnaM
19,20.26,28,55
AU^hoI d e n a t u i e d , e t h > l , m e t h a n o l
3*»
Aiunnuuni
40
Animal tats greases
.
3C*
Anthracite.
.
20. 21,27, 28,4o
Ar,i»aiel, wearing
21,22, 24, 26, 28. 54
A«»halt
46
Aot'-inobjles
19.20.21,24 26,28,24 5_*
B.<rl« ,
42
B,ithloom accessories
.
S3
B l u i n g metal
_
40
Bert and veal
. .
44
Lie vt-rages. alcoholic
41
Bituminous . oal
. 20 21,27.28.45
Boikrs
48,40
HiiiiiU prices, sales value, \ lelds
.
3^,3^
FiooH pubh< ation
.
3?
Bfxes, papei
""'2
BJ a1 >• and bronze
.
SO
Bi i. k
.
S
I
Biukt rs loan.
31 .3 >
BmUmg contracts awarded
22
Bnild.np costs
.
23
Bui img expenditures (rndtxes)
22
B'sfding m a V n a l pi ices
21
B,<t,<4J
C'aiKi .iait st ttistu s
56
C n," x ifn*
3b
C «miv
,
44
C -pu-sl Hoi. tions
.
34,3S
r* -T piodnMive uses
.
35
Cf»iM,£idiiM«s
.
37,38
C\ *le ....il . alves
43
CMI'jlos<- | l-jstu products
4U
CVm. i»
19,20,21,53
Ch . n stim s.-Ies
24. 25
Cims.
.
42
C »v n,.pJb
1 9 , 2 0 , 2 1 . 2 6 . 2 8 29. 3 1 , 3 V ^
("if^rs a n d u g a r i t t e s
,. .
4S
C vA st svu e t mployees
.
27
C'.w p j o d u d s
"
_ 1 9 . 2 0 , 2 6 , 2 8 29 53
ChthiOR
21.22.24 2h.28.29
C MI
20, 21 2 7 , 2 8 , 4 5
Cut i«a
44
Coflcr
_
44
Coke
.
.
rs
O m u n e n lal failures
.
31
Common, lal paper
. .
30,31
Con-.tr u* tu>n
C!.»ntirii U awarded
..
..
22
C •.I'.
.
23
Hi^hwivs (»nd grade crossings . _
22,23
Wa^c iau's
_
.. .
29,30
Coiiptt
..
49
Cot» a >nd t ot onut oil „
„. .
40
Con*
. _
42
Cost of 1 wn& index
.
21
Cot*on, i^w, and manufactures
20 21,22,54
Co111,nseed, dke and meal, oil_
_
40
Crops
__________ 19,40,42,43,45,54
Cm ieiv v in t :rculation
,. _ __...., _
32
Dauy
products
.
._____.___>
42
Debits, bank
_
....^
30
{%• l a : .->l >,)
u i i m i ^
m •
f .1 ' ' ) | »
,'Vf 'fit
'At" ' i
lS
5!'
36
Ut t S
Machinery and aopaiatus _
V tpe: and printing
Rubbt r and products
Stone, clay, an I glass products
Textile prodM/Us
Transportation '-qinpmcnt
, .
Ca-iadian statistics
i 1
,S.
„
g
Engineerin^ L
E\ch,-mjj;e rate
EM^endit'ites.
b. <p?os»ve<
52
26,27,28,29
Nt \ Y-J-'; o'-ork Exv-hange
35,36
O.,'s
._»
42
lA 'i. t,r;).':\ment
...
_ _ „ _ . 26
OM, and f-u..
»
39,40
Ul o'tiai i.ifne
.
40
c^dcis an 1 shipni^tits, manufacturers
20
P.unt sale.
40
Pape; and pul,»
i 9. 20. 21, 22, 26, 28, 29, 51, 52
PusmRtT ':'*r sales iu lex
24
Passports •, :ued
.
38
Pay i oils;
IV
1 »
. . . .
.'2
Sicte« tiovei nment
\'i
3fi 3 7
Pactory rmpio\ n.t-t"'* • ,'\* J.J1!^, wa^o
2ci. l~t, 28, 29
" 21
Fdiicriild's ret i] p i K ' mA-\
29
Farm wages
Farm prices, ir.de \
21
Federal Government, finsnees
33 , 31
Feoeral did. highways '\u I yrn«lt crossings
22 - 3
Federal Resefv« batiks, c-jiuntion of
' 30
Federal Reserve reporting member banks
30 . '1
Fertilizers
39
Fire-e.\tingu;shini; equipment
Km* losses
3'J, 44
F"sh oils and fish
FiaKseed
40
Flooring, ock, maple, beech, a«id v>rn h
47
Flour w! eat
4*
Food products
19 . 0, 21,
12, 24, J6, 28. 29. 31. 13 37 41. 42. 43, 44
Footwrai
io, .0, 21, 2b. 28,29,^7
Foredos-.ireb, real estate
Foundry e.ji-ipment
Fseij^ht c-irs ucjuipment)
Freight car loadings, cars, indexes
37 3".
Freight car surplus
38
Fruiis anJ vt-£>etablea
21 4 2
Fuel ecjuipir< nt
VJ
Fuels
20, 21.31, 45. '1o
Furniture
4 8 , <i9
Gas, customers, sales, revenues
41
Gas and fuel oils
21 4 o
Gasoline
46
Gelatin, edible
General Motors sales
Glass anil R»as3Weire
19. 20, '2b, 28. 29
Gloves and mittens
47
Gold
32
Goods in warehouses
^4
Grains
21.35, 4 2 , 4 3
Gypsum
5$
Hides ar»d skins
46
Kogs
43
Kornc loan banks, loans outstanding
Home mortgages
23
Hosiery
54
K-, te!s
38
Housing
21, 22
Illinois, employment, pay rolls. wa>"
26, 2d 29
Immigration and emigration
38
I.nporls
36.37
Income payments
19
Interne-tax receipts
3,>
lm orporatrons, business, new
24
Industrial production, indexes
19, 20
Installment loans .
31
Installment sales, Mevt Kngland
25
Insurance, life
32
Interest and inonev rates
31
Inventoru s, nipnufac tur f i s'
21
Iron and steel, crude, manufactures
3 9,
20, 21. 22.25. 2h. 21 m _9 31.48. 49
Kerosene
*6
Labor turn-over, disputes
27
Lamb and mutton
44
44
Laid
20, 50
Lead
Leather
19, 2). 21. _6, 28. 29,31 46,47
40
Linseed oil. cake, and meal
43
Livestock,
2?,
Loans, real-estate, agricultural, brokers'
30,31
Locomotives
55. 56
Looms, woolen, activity .
54
Lubricants
46
Lumber
.
19, 20. ?1. 25, 26, 27, 28, 29.4 7
Machine activity, cotton, wool
51
Machine tools
.
25, 26. 27. 50
Mai hinerv
iu,
20,21,25,26 27 28,29.31.33 37. 50, :A
Magazine advertising .
Manufacturers' orders, shipments, inventories
. .
.
20. 21
Manufacturing indexes
19, 20
Maryland, employment, pay rolls
26. 28
Massachusetts,
employment, pay rolls,
wages.
26, 28, 29
Meats and meat packing
19. 20. 21, 26, 28, 29. 44
Metals
.
19. 20, 22, 25, 26, 27.28, 29
Methane!
39
Mexico, silver production
32
Milk .
42
Minerals
.
._
20, 27. 28
Naval stores
39
New Jersey, employment, pay rolls, wages 26 28. 29
- 27,28
Facto;y. by Htifs ami State3
..__
Ncmsnanufacturmg industries
Pennsylvania, employment, pay rolls, wages.
28
28
26,
28, 29
Petrol*"im and products
19,
20,21,26,27,28,29,46
Piti wui!
,. _ „
_
48
Porcelairi enameled products
,
49
Poi k
44
Postal '-HISTI^SS
PO«T«1 savin _;>
.
„
24
31
Poultry and eg?-i
„„_„ 19, 21,44
Price _ ( see also mJivul aal commodities);
Retail ind< ses
.
__
21
Whole-ale nide\^s
_ _ . 21,22
Pr.ntuj"
. . . . 19, 20, 26, 28, 29, 52
Pi >fits corporation
...
„
33
Pu:>Iir rehof
.
30
P ;M],,- utpiti-,
22, 27, 28,32,33,35,36
Pullman <J-> ~.
38
Pumips
- __
50, 51
Purchasing power of the dollar
22
Radiators
....__
48,50
Radio, advert1sing__
„
24
Railways, operations, equipment, financial
statistics, employment, wages
19,
20, 27, 29, 37, 38, 55, 56
Railways, street (see street railways, etc.)
Ranges, electric _ _ _ ,
51
Rayon
.
„ 20,22,54
Reconstruction Finance Corporation, loans
outstanding
„
.
.
33, 34
Refrigerators, electric, household
51
Registrations, automobiles
„_.,55
Rents (housing), index _..
21
Retad tradeAutomobiles new passenger
24
Chain stores, variety (5-and-10), grocery,
and other
.
24, 25
Department stores
25
Mail order
___
__.._.___
25
Rural general merchandise
.
25
m
Rice
„___ 42,43
Rivei trai4K
38
Roofing a>phalt
^
.._.
41
Rubber, n u d e , scrap, footwear, tires and
tubes .
. . .
19,20,21,22,26,28,29,53
Savings deposits
_
31
Sheep and lambs . . . . _...
43
Shipbuilding
_„_
19,20,26,28
Shoes
.
. . 19, 20, 21, 26, 28, 29, 47
Silk
___
.20,22,54
Silver
.
32
Skins
_
46
Slaughtering and meat packing..
19,
20, 26, 28, 29, 43
Spindle activity, cotton, wool
.._
54
Steel and iron, crude, manufactures
19*
20, 21, 22,25,26, 2 7 , 2 8 , 2 9 , 3 1 , 3 3 , 4 8 , 4 9
Steel, scrap, Exports and imports
48.
St oekh oldcrs
_.
3ft
Stocks, department-store (see also manufacturers' inventories)
2S
Sto.ka, issues, prices, sales
„__„
34,36
Stone, clay, and glass products
19,
20,26,28, 29,31,53
Street railways and buses.
,__
37
Sugar
44
Sulphur
. ..._
39
Sulphuric acid
_ ..
39
Superphosphate
..
39
Tea
_.
44
Telephone, telegraph, cable, a n d radiotelegraph carriers
.. .
27,28,33,38
Textiles
. . 20, 22, 26, 28, 29, 31, 54
Tile
..
.
53
Tin
.
.
50
Tol-cco
___ 20, 26, 28, 29,45
Tools, machine .
25,26,27,50
Travel.
_
._
38
Trucks and tractors, industrial, e l e c t r i c . . .
56
United States Government bonds
_.
35
United Starts Government, finances
33,34
United States Steel Corporation
__ 36,49
Utilities
. . 22,27,28,32,33,35,36
Vacuum cleaners
__
51
Variety store sales index.....
-.
24
Vcget able oils
..
39, -40
Vegetables
_..
.
• 42
Wages, factory and miscellaneous
28,29,30
Warehouses, space occupied..
24
Water way traffic
.
.
38
Wheat and wheat
flour
.
43
Wholesale price indexes...
21, 22
Wire cloth
50
Wise onsm, factory employment, p a y rolls,
and wages.
26, 28, 29
Wood pulp . ,
.
«.
.
51
Wool.
.
__..
20,22,54
Zinc.
..
_
50
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' The International Reference Service may be obtained from the Superintendent of Documents at the Government
Printing Office, Washington, D. C.# or through any office of the Bureau of Foreign and Domestic Commerce
listed below. The annual subscription price is $6.00 per year, in advance, and full remittance should
accompany all orders.
NOTE: Although most businessmen will wish to subscribe to the whole service, thus receiving all reports
as rapidly as they are issued, arrangements have been
made to make available single copies ei individual
reports. These single copies will be available through
the Superintendent of Documents and the Bureau's
offices at varying prices, such prices depending upon
the number of pages in the individual report,, Announcement of the availability ol the single copies will
be made in Foreign Commerce Weekly,
SALES AGENCY OFFICES OF THE BUREAU OF FOREIGN
AND DOMESTIC COMMERCE
Atlanta, Ga.
Birmingham, Ala,
Boston, Mass.
Buffalo, N. Y.
Charleston, S. C.
Chicago, 111.
Cincinnati, Ohio.
Cleveland, Ohio.
Dallas, Tex.
Denver, Colo,
Detroit, Mich.
Honolulu, T, H.
Houston, Tex.
Indianapolis, Ind.,
Jacksonville, Fla.
Kansas City, Mo.
Los Angeles, Calif.
Memphis, Term.
Minneapolis, Minn.
New Orleans, La,,
New York, N. Y.
Philadelphia, Pa.
Pittsburgh, Pa.
Portland, Oreg.
Richmond, Va.
Rochester, N. Y,
St. Louis, Mo.
San Francisco, Calif,
San 3uan, P. R.
Savannah, Ga.
Seattle, Wash.
Wilmington, Del.
@FedFRASER