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)ECEMBER 1942
SURVEY OF
CURRENT
BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CONTENTS
Volume 22 ol the Survey of Current Business
SPECIAL ARTICLES
Direct Price Control in Great Britain
An Economic Review of 1941
War Expenditures and National Production
The Changing Relation of Consumer Income and Expenditures.
The Gross Flow of Finished Commodities and New Construction,
1929-41
Preliminary Estimates of Gross National Product, 1929-41
Capital Expenditures in Selected Manufacturing Industries,
Part II
"
Quarterly Estimates of Construction
Business Inventories in the War Period
Corporate Profits and National Income Estimates, Quarterly,
1938-42
Price Ceilings and Wartime Control Over the American Economy
Distribution Costs of Consumption Commodities
State Distribution of Income Payments, 1929-41
National Income and the War Effort—First Half of 1942
The Lumber Industry Under Wartime Conditions
The Leather Footwear Outlook Through 1943
Estimates of Annual Business Inventories, 1928-41
A Total Transportation Index for the United States, 1929-42. . .
Monthly Estimates of Total Consumer Expenditures, 1935-42. .
Alternatives in War Finance
Consumer Expenditures for Selected Groups of Services, 1929-41
Monthly Estimates of Short-Term Consumer Debt, 1929-42
Monthly Dividend Payments, 1941-42
The Pulp and Paper Industry in War and Peace
Residential Vacancies in Wartime United States
No.
Page
1
2
3
4
12
3
9
8
4
5
13
9
5
5
6
14
24
6
6
13
6
7
7
8
8
9
9
9
10
10
10
11
19
12
18
10
18
7
13
20
8
15
23
9
26
10
19
11
12
12
TABLES OF NSW OR REVISED STATISTICAL SERIES
(Only tables in issue No. 12 represent revisions made after the 1942 Supplement was completed; data in other tables listed correspond to data in that volume but provide monthly
figures for a longer period of years. Historical data for a number of new series—the new transportation indexes, monthly estimates of consumer expenditures and consumer
debt, and dividend payments—now included in the statistical section, are given in tables presented in the special articles on these subjects listed above)
No.
Page
1
Canadian cost of living index, 1913-41
19
Coffee, wholesale price of Santos, No. 4, New York, 1913-40 4
22
Department store sales, indexes:
Atlanta Federal Reserve District, 1935-42
12
22
Philadelphia Federal Reserve District, 1923-41
8
26
Richmond Federal Reserve District, 1923-41
8
25
San Francisco Federal Reserve District, 1919-41
8
26
Electrical household appliances, excluding refrigerators,
shipments, 1934-41
1
21
Employment and pay rolls:
Indexes of wage earner employment and of weekly
wages in manufacturing industries, 1939-41
12 23, 24
Ohio, employment and pay rolls, 1923-41
3
17
Lumber:
Southern yellow pine boards and flooring, wholesale
22
prices, 1926-41
4
22
Ponderosa pine boards, wholesale price, 1926-41
4
No.
Manufacturers' inventories at the end of each month,
indexes of value, 1938-41
New dwelling units provided and permit valuation of
building construction, indexes, 1929-40
Paint, varnish, lacquer, and fillers, sales, 1936-41
Profits and dividends of industrial corporations, 1929-41
Retail stores, esiimated sales by kind of business, 1935-41.,
Securities:
Corporate bond prices, Standard and Poor's, 1937-40
Stock price indexes, Standard and Poor's, 1918-40..,
High grade preferred stock yields, Standard and
Poor's, 1928-41
War program in the United States, 1940-41
i
Page
22
3
18
7
26
4
21
8 24, 25
1
19
1 20, 21
I
4
22
21
SURVEY OF
CURRENT BUSINESS
DECEMBER 1942
ECONOMIC HIGHLIGHTS
2
THE BUSINESS SITUATION
3
Manpower
Controlled Materials
Individuals' Savings
3
5
7
Corporate Profits
9
THE PULP AND PAPER INDUSTRY IN WAR AND PEACE
10
RESIDENTIAL VACANCIES IN WARTIME UNITED STATES....
19
STATISTICAL DATA:
Department Store Sales, Atlanta Federal Reserve District—Table 19
22
Indexes of Wage Earner Employment and of Weekly Wages in Manufacturing
Industries, 1939-41—Table 20
23
Monthly Business Statistics
S-l
General Index
Inside Back Cover
Published by the Department of Commerce, JESSE H. JONES, Secretary, and issued through
the Bureau of Foreign and Domestic Commerce, GROSVENOR M. JONES, Acting Director
Volume 22
Number 12
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS, $2 a year. Single-copy price: Monthly, IS cents; weekly, 5 cents.
Foreign subscriptions, 33.50. Price of the 1940 Supplement is 40 centsj Make remittances only to
Superintendent of Documents, Washington, D. C.
SUEVEY OF CURRENT BUSINESS
December 1942
Economic Highlights
War Program Dominates Trends in Construction
Activity
New construction expenditures, according to preliminary
estimates for 1942, will be more than 13 billion dollars, as against
a total of 11 billions for 1941. Composition of construction
expenditures changed markedly during the year. Outlays for
military and naval building have more than doubled while outlays
BILLIONS OF DOLLARS
5
Retail Sales at Seasonal Peak
Dollar volume of Christmas trade this year is estimated to be
the largest on record, but has been spread out over the entire
fourth quarter instead of being concentrated in December as
in previous years. October dollar volume of retail sales this
year was the highest for any month except December 1941.
Durable-goods stores are expected to handle about 25 percent
INDEX, 1935-39 = 100
250
200
INDUSTRIAL
TOTAL
EXCLUDING
WORK-RELIEF
CONSTRUCTION
150
100
1st Qu.
2nd Qu. 3rd Qu. 4th Qu.
|94|
1st Qu.
2nd Qu. 3rd Qu. 4th Qu.
1942
DO 42-483
1940
Value of Public and Private New Construction.
for private residential building have been cut in half. Construction of industrial facilities has increased 80 percent. Quarterly
data indicate that the peak of war construction, and the high
record in U. S. construction annals, was reached in the JulySeptember quarter. Construction of war plants is expected to
taper off rapidly in 1943. Private building will be even more
rigidly curtailed although expenditures for war housing will
increase. Much steel, other materials and perhaps a million
men will be released in 1943 for other war purposes by construction curtailment.
1941
1942 o.o«-««
Sales of Retail Stores, Without Adjustment for Seasonal Variations.
less dollar volume this December than in the corresponding
month last year, but nondurable-goods stores are likely to sell
10 percent more this December than last. Judged by the inventory position at the end of September, supplies of goods for the
Christmas trade are ample in most nondurable lines, but stocks
of durables are spotty. Total retail trade during the fourth
quarter of 1942 is estimated to be about 6 percent above the
final quarter of last year. However, prices in fourth quarter
1942 are nearly 10 percent higher than a year ago.
Inventory Liquidation Continues
Combined inventories of
manufacturers,
wholesalers,
and retailers decreased more
than $275 million during the
third quarter of 1942, in striking contrast to a gain of
$1,600 million during the comparable quarter of 1941.
This third-quarter inventory
decrease represents the estimated net change in book
value of business inventories.
Since some slight price increases occurred during this
period, the decline in physical
quantities of goods carried in
inventory was actually greater
than the dollar figures would
imply.
Recent inventory
developments clearly reflect
the downward trend of civilian
MILLIONS OF DOLLARS
MILLIONS OF DOLLARS
DURABLE-GOODS
MANUFACTURERS
NONDURABLE-GOODS
MANUFACTURERS
-25 0
-250
+ 750
+ 750
WHOLESALERS
Qu.
2nd 3rd
Qu. Qu.
1941
Qu.
Qu
2nd 3r
Qu. Qu
Qu.
Qu.
1942
Changes in Business Inventories.
Qu. Qu.
1942
supplies and the increasing
volume of war output in
process. Inventories of firms
manufacturing durable goods,
at present mainly armaments
and other war goods, continue
to rise while stocks of firms
manufacturing civilian goods
are beginning to fall. Stocks
of wholesalers and retailers
are being reduced, mainly
through sales of now irreplaceable consumer durable
goods. Liquidation probably
will continue during 1943,
perhaps amounting to 3 billion dollars for the year as
pressure of better controls
and heavy demand move
goods into consumption.
December 1942
SURVEY OF CURRENT BUSINESS
The Business Situation
T
HE TWELFTH MONTH of conflict finds war
mobilization continuing to dominate the economic
outlook. Further indications of the character which
this mobilization eventually may attain were forecast
by developments during November. Manpower continued to rank as the number one economic problem.
Regional and occupational shortages of workers became
more widespread as official attention centered increasingly upon voluntary measures designed to augment the
effectiveness of the labor force. Among these measures
are lengthening the hours of work, speeding up extraordinary accessions to working groups, and centralizing
the process of replacing workers lost to the armed forces
or to other jobs.
Other economic developments during November reflect the growing requirements of our military machine.
Forced-draft production of munitions pushed industrial
production an apparent 3 points above the previous
month. Output in the durable-manufactures group
advanced an estimated 5 points, while nondurable goods
production fell fractionally. The volume of minerals
production held steady, rising fuels output just offsetting a slight decline in production of metals.
Further gains in war production during the coming
year are expected to result from the introduction of
the Controlled Materials Plan, whose administrative
machinery was rapidly being organized last month.
Despite impressive increases during recent months,
output of a number of military products continued
to fall short of schedules. Materials, manpower,
and transportation problems were mainly responsible.
Apart from the physical volume of war output, difficulties in connection with the scheduling of finished
armament deliveries indicated that the problem of lack
of balance in the war program had not finally been
solved.
As war expenditures continued to mount, reaching
almost 6.5 billion dollars in November, the Treasury
undertook a record financing operation. This is designed to raise 9 billion dollars during the month of
December and to do so by tapping, wherever possible,
idle balances which constitute potential purchasing
power. Already in November the gross public debt
climbed above 95 billion dollars for the first time.
That it will go much higher is apparent both from the
increasing rate of growth during recent months, as
shown in chart 1, and from the Government outlays
budgeted for the present fiscal year.
These financial developments, although quite
naturally overshadowed by military events of the
month, served as new reminders of the magnitude of the
problem of financing a war that almost literally covers
the earth.
In the civilian economy the effects of curtailment
and restriction were increasingly felt. The demands
of the African campaign made imminent a critical
shortage of fuel oil and gasoline on the eastern seaboard this winter. Extension of rationing, record lendlease exports of foodstuffs, farm labor difficulties, and
announcement of the goals which agricultural production must attain next year to meet minimum requirements, previewed the type of restrictions which civilians
will have to accept during 1943.
Although civilian production has already declined
in numerous lines, new orders have fallen even further,
Chart 1.—Gross Public Debt and Obligations Fully
Guaranteed by the U. S. Government
RATIO SCALE
BILLIONS OF DOLLARS
RATIO SCALE
BILLIONS OF DOLLARS
200
100
90
80
70
60
50
40
SPECIAL ISSUES TO GOVERNMENT
AGENCIES AND TRUST FUNDS
(Lift Sea It)
l Scale)
I
1941
1942
DO. 42-486
1
Data include interest-bearing public issues, noninterest-bearing public issues (not
shown separately in chart), and special issues to Government agencies and trust
funds; data do not include obligations fully guaranteed by the U. S. Government
unless held by the U. S. Treasury.
2 Data are matured and unmatured principal of obligations guaranteed as to interest
and principal; obligations held by the U. S. Treasury and reflected in the gross public
debt are not included.
Source: TJ. S. Treasury Department.
thus indicating the probable trend of future output.
Employment in civilian industries is also dropping as
materials are diverted and facilities are converted to
war work. To an increasing extent the nonwar industries must look to concentration of production in
nucleus plants as the means of maintaining a portion of
their former flow of finished products.
The events of the month thus emphasized the manpower, materials, and financial problems arising from
the war program. The sections which follow examine
certain aspects of these problems more intensively.
Manpower—Hours and Turnover
For the first time in over a generation, the American
economy is squarely confronted by the specter of a
labor shortage. As a method of partially overcoming
it there have been numerous suggestions about lengthening the workweek. While official statements have
SURVEY OF CURRENT BUSINESS
frequently mentioned a 48-hour week as the optimum
for continued peak production, there has been comment
on the fact that the country's labor force is working
considerably short of this goal at the present time.
Actually, current manpower shortages are acute
only in particular areas and in certain skills. In these
cases, mostly in war and essential civilian industries,
employees now have workweeks well above the national
average. During the third quarter of this year employees in manufacturing industries worked an average
of 42.5 hours per week compared with 37.6 hours in
the corresponding quarter of the pre-war year, 1939.
While in pre-war years average workweeks in durable
and nondurable goods industries were approximately
the same, at present the differences are marked, reflecting the uneven increases in demand for labor brought
about by war pressures.
Average hours worked in durable goods industries
have increased from 37.6 in the third quarter of 1939
to 44.8 in the third quarter of this year. During the
same period the nondurable goods industries have
lengthened the average workweek from 37.6 merely
to 39.7 hours. These figures understate the scheduled
workweek because of absenteeism, labor turnover,
holidays, and other factors, but they do give an indication of the relative extent to which employed workers
are being utilized in the two groups of industries.
Table 1.—Average Hours Worked Per Week in Selected Manufacturing Industries
Third quarter—
Percent
increase
Industry
1939
A11 manufacturing
_
•
Machine tools
Engines, turbines, water wheels, and windmills
Shipbuilding and boatbuilding
Locomotives
Forgings, iron and steel
Aircraft and parts (excluding aircraft engines)
Tools (not including edge tools, machine tools, files and
saws) -.
Electrical machinery, apparatus, and supplies
Explosives
Aluminum manufactures
Automobiles
Rubber goods, other
Rubber boots and shoes
Chemicals
Rubber tires and inner tubes
Primary smelting and refining
Sawmills
Blast furnaces, steel works, and rolling mills
Slaughtering and meat packing
Rayon and allied products
Petroleum refining
Leather boots and shoes
Women's clothing
•
_
Men's clothing
1942
37. 6
42 5
39.
37. 7
37. 4
37. fi
40. 9
42.5
52.1
48.4
47. C
47.3
47.0
46. 9
13.0
22. 6
22^2
26. 3
26. 5
25.0
1-1.7
38. 1
38. 5
39. 2
37. 4
30. 2
38. 4
37 3
39.
35.8
37. 5
37. 8
34.3
40. 9
38. 3
35. 4
36. 4
33.
33. 3
46.7
46.3
46.1
45.0
43.8
42. 2
42.1
41.6
41.5
41.2
40.7
40.5 I
22. 6
20.3
17.6
20. 3
21.0
9.9
12.9
4.8
15.9
9.9
40.3 I
39.4 |
38.8
37.0
35.0
34.9
18! 1
-1.5
2.9
9.6
1.6
4.2
4.8
I
Source: U. S. Department of Labor.
The machine-tool industry led all manufacturing
industries in average hours during the third quarter of
this year with 52.1 per week. It was followed by
engines, shipbuilding, and locomotives, in that order,
as may be seen from table 1. Since the figures in this
table are averages, they hide the longer workweeks in
critical areas and critical skills where shortages have
Decembei 1942
already been partially met by substantial increases in
the number of hours worked.
Some of the nondurable goods industries, on the other
band, a^e still operating at an average well below the
40-hour level. It is probable that the present law
calling for time and one-half for overtime be}^ond
40 hours per week has tended to hold working hours
below that overtime level. In certain of the nonwar
Chart 2.—Average Hours Worked Per Week in Manufacturing
Industries
HOURS
20 -
ALL
MANUFACTURlNG
INDUSTRIES
MACHINE
TOOLS
AIRCRAFT AND
PARTS,
EXCLUDING
AIRCRAFT
ENGINES
SHIPBUILDING AND
BOAT
BUILDING
ELECF0RGIN6S,
TRICAL
IRON
MACHINERY,
AND
APPARATUS.
STEEL
AND
SUPPLIES
AUTOMOBILES
BLAST
FURNACES,
STEEL
WORKS,
AND ROLLING MILLS
DO. 42-489
Source: U. S. Department of Labor.
industries price ceilings have operated to discourage
higher labor costs of production.
Indeed, the matter of labor costs in essential civilian
industries subject to price ceilings will undoubtedly
raise difficult problems. Lengthening the workweek
is the chief means available to such industries for
maintaining, with a diminishing labor supply, output
at levels determined to be essential for the civilian
economy.
General adoption of the 48-hour schedule would not
materially increase the number of hours worked per
week in most of the war industries, and very probably
would have little or no effect on hours worked at war
plants located in the scarce labor areas. A longer
work week in most of the civilian goods industries will
be increasingly necessary in order to release manpower
either in critical sections of the country or for migration
to those sections.
Labor Turn-over Increasing.
Another facet of the current manpower problem is
labor turn-over. Over the past year this turn-over
has increased rapidly, reflecting the changes in industrial
structure which the war has induced. In manufacturing, where certain of the effects of the war program
have been most concentrated, the separation rate has
risen above 8 per 100 employees per month. This is a
very high turn-over rate since, as may be seen from
table 2, it is considerably in excess of similar turn-over
rates at any time since 1929.
High labor turn-over is, at present, a wartime necessity because available manpower must continue to be
SURVEY OF CURRENT BUSINESS
December 1942
Table 2.—Labor Turnover in Manufacturing Establishments—Separation Rates per 100 Employees, by Cause of
Separation
Miscellaneous 2
Discharge
Lay-off
3.43
.70
.86
.62
.79
.91
1.97
3.61
0.13
.35
1.08
0.76
.16
.19
. 11
.13
.15
.25
.37
2.11
3.47
2.51
3.37
2.22
2.16
1.32
1.19
2.36
2.41
3.02
3.59
3.77
3.85
4.02
4.31
5.19
.83
.73
.82
.87
.96
1.02
1.23
1.46
1.79
.30
.29
.33
.35
.38
.38
.43
.42
.44
1.61
1.35
1.19
1.31
1.43
1.21
1.05
.87
.68
Total
Quit1
6.30
4.33
3.56
4.10
3.14
3.35
3.89
6.25
5.10
4.78
5.36
6.12
6.54
6.46
6.73
7.06
8.10
Month and year
Monthly average:
1929 (January-July)
1932
1935
1938
1939
1940
1941
1942 (January-September) _
1942
January
February-..
March
April
May
June
July
August
September.
1
2
Includes miscellaneous separations until 1940.
Includes separations resulting from entrance into the armed forces beginning
September 1940.
Source: TJ. S. Department of Labor.
shifted into more essential jobs. When broken down
by industries the quit rates are substantially higher in
the less essential occupations. Thus they presumably
reflect migration to war plants. What is required is
not so much a lessening of labor turn-over as a mechanism for facilitating and controlling job shifts so that
workers may be appropriately located where their skills
can make the maximum contribution to war output.
Table 3.—Percentage Changes in Nonagricultural Employment, October 1942 from October 1941
StateUnited States
Selected States showing increases:
Utah
Kansas
Idaho
_- .
Washington
Colorado.. - . _ . . .
Nebraska.District of Columbia
Oregon
Percent
change
4-6.9
+33.1
+32.2
+24.7
+21.4
+21.0
+21.0
+20.8
+20.2
State
Selected States showing decreases:
New Hampshire
Vermont.- _ .
Montana
Rhode Island _ . .
North Dakota
West Virginia..
Iowa
New Mexico _ _
Percent
change
-5.8
-3.4
-3.3
-3.1
-3.0
-1.1
- .9
- .6
Source: U. S. Department of Labor.
The geographical aspects of labor turn-over are particularly interesting at the present time. Marked
changes have occurred during the past year, as may
be seen from table 3, in the regional distribution of
employed workers. It is apparent from the table that
labor migration to war-production plants is chiefly
responsible for this rapidly changing geographical pattern of the labor force.
Controlled Materials—A Review
During war the task of controlling the production,
flow, and use of strategic materials is a problem of
bewildering complexity. Not only must the limited
supplies of available materials be balanced against the
limitless demand which can accompany a large war
program, but the flow of materials must be ordered so
that they reach the proper users at the right time.
Even if these objectives are achieved, control is necessary to insure that the scarce materials are used for
the most important purposes. Inventories must be
regulated and a balance must be maintained among all
essential segments of the war program.
The difficulties of regulating the flow of materials
during this war were underlined last month by the
adoption of the Controlled Materials Plan. This was
the fourth major materials-control program to be inaugurated during the last 2 years. To appraise the new
plan it is necessary to analyze it against the background
of prior methods of control.
The first control plan was not adopted until the defense program had been under way for some months
and until the demands of civilian industry for materials
began to jeopardize that growing defense program.
Since then the need for effective control over materials
has led successively to the adoption of the preference
rating system, the sj^stem of branch allocations, the
Production Requirements Plan, and finally the Controlled Materials Plan. The technical details of each
of these plans are summarized in table 4.
Preference Ratings.
The basic system of preference ratings wTas inaugurated early in 1941 in an effort to insure that first
things would come first—that materials going into urgently needed war products would be forthcoming even
though the preference given to such orders might delay
the filling of less important orders. This system was
simple, and it insured the acceptance of purchase orders
bearing preference ratings and their assignment to
proper places in production and delivery schedules.
The preference-rating system was bound to be replaced sooner or later since it made no provision for
balancing the war-production program with the supply
of materials available. Nor did it offer any solution to
the problem of ordering the flow of materials in terms
of a scheduled flow of end products.
In addition to these major disadvantages, the preference-rating system failed to accomplish even its
limited objective. It not only lost much of its effectiveness when material shortages developed, but in some
ways it actually encouraged shortages. There was no
adequate check on quantities of material covered by a
preference rating. Materials consumers-who wanted
to guard against shortages could inflate the quantities of
their orders. Under the nonextensible priorities system, procurement officers theoretically had the opportunity of reviewing the requested quantities of material
in the light of the volume of end- or intermediate-items
to be produced. In practice, the large volume of applications made such review impossible.
Under the extensible-priorities system, even the
pretense of review was abandoned. The result in
either case was that some contractors were able to build
SURVEY OF CURRENT BUSINESS
excessive inventories at the same time that other contractors were experiencing severe materials shortages.
Not only was maximum production thereby prevented,
but unbalance in the over-all production program was
made inevitable.
These difficulties were accentuated by a complete
lack of control over the timing of orders. Contractors
with preference ratings were able to inflate the urgency
of their materials needs, for example, by ordering steel
needed in September for April delivery.
In addition to the competition among producers for
dwindling supplies of materials, there was a similar
competition among competing procurement groups.
Each procurement agency was anxious for its contractors to be assured of sufficient (even abundant)
materials. Hence here was a tendency to place higher
and higher preference ratings on each order. With
most orders receiving the top A-l rating (ratings
originally ran from A-l down through A-l 0 and B-10 to
C-10), no actual preference was bestowed on any order.
To reestablish preference, the rating system was
extended upward by classifying A-l ratings into 11
groups (A-l a through A-lk). When the A-l a ratings
became too popular, new and higher ratings were
inaugurated—AA-1 to AA-5. This continual inflation
of the preference ratings naturally resulted in the
existence of more orders with high ratings than there
were materials to be distributed. The development of
acute scarcities made the simple preference rating
system unworkable.
Branch Allocations.
In an effort to meet this situation, the so-called
Materials Branch Allocations—based on M orders—
came into use as a supplement to preference ratings.
Some M orders (conservation orders) prohibited the
December 1942
use of certain materials for certain purposes, or limited
their use to certain prescribed purposes. Other M
orders (allocation orders) authorized the War Production Board industry branches to collect all pertinent
information from the mills producing the material, and
to permit shipments only to fill orders that received
their approval.
This review by the industry branch of the mills'
orders in effect allocated the materials produced to the
more essential users and uses. In the case of materials
with only a few users (such as aluminum, magnesium,
or zinc) it became possible in time for the branch to
make an intelligent review of the needs of the various
users—mainly in terms of use but to some extent also
in terms of quantities and time. However, in other
cases (copper, for example) the existence of thousands
of consumers for each mill made a real review by such
means impossible.
The result was that the branch had to rely almost
entirely on the preference ratings of mill's orders as the
basis for its decisions, which meant that the branch
allocations had but little effect. Quantities could not
be checked; time of shipment could not be ordered in
terms of production schedules; and—in any case—there
was no coordination among the various materials.
Proper allocations of aluminum and magnesium did
little good if a bottleneck existed in alloy steel.
Production Requirements Plan.
As a second supplement to the preference-rating
system, the Production Requirements Plan was inaugurated late in 1941. At first it was voluntary, and
was designed primarily to aid manufacturers of numerous small items—where the passing of each preference
rating back to the materials supplier would be impossibly complicated. Under the Production Requirements
Table 4.—Summary of Technical Details of Four Materials Control Plans
Preference Ratings
Branch Allocations
Nonextensible
Extensible
1. Procurement agencies
place orders for product.
2. Prime contractors
place orders with subcontractors.
3. Prime contractors secure preference ratings
from procurement
agencies.
4. Subcontractors secure
preference ratings from
procurement agencies.
5. Materials orders go to
mills and are filled in
order of preference
ratings.
1. Procurement agencies
place orders for product,
attaching preference
ratings.
2. Prime contractors
place orders with subcontractors attaching
preference ratings.
3. Materials orders go
to mills and are filled
in order of preference
ratings.
1
2 Any
A list
3
Production Requirements
Plan
1. Mills receive materi- 1. Procurement agencies place
als orders with prefe- orders for product, attachrence ratings attached. ing preference ratings.
2. Mills inform AVPB 2. Plants with contracts or
Materials Branches of subcontracts submit; to
their orders, ratings, WPB lists of material reand proposed monthly quirements,inventories,past
shipping schedules.
material consumption, gen3. Materials Branch ap- eral pattern of preference
proves or alters the ratings, and orders on hand.
mills' shipping schedule 3. According to supplies
thereby allocating the available, WPB determines
mills' output to certain the quantity of materials
uses and users.
which may be granted to
each company.
4. Materials orders go to
mills and arefilledin order
of preference ratings or
under Branch Allocations
plan.
Controlled materials plan
Class A products1
Class B products2
1. Claimant Agencies3 submit
to WPB their month-bymonth materials requirements based on bills of materials from prime and subcontractors.
2. According to supplies available, WPB requirements
Committee makes month-bymonth allotment of controlled
materials to each Claimant
Agency.
3. Claimant Agencies distribute allotments to prime contractors.
4. Prime contractors distribute
allotments to subcontractors.
5. Materials orders go to mills,
which make shipment in the
month specified in the allotment number carried by each
order.
1. Office of Civilian Supply
receives requirements for B
products from the other six
Claimant Agencies.
2. Office of Civilian Supply
translates product requirements into materials requirements, on basis of bills
of
materials
collected
through WPB Industry
Branches.
3. WPB Industry Branches
prepare schedules to meet
product requirements, and
issue< materials allotments
to prime contractors.
4. Prime contractors distribute allotments to subcontractors.
5. Materials orders go to
mills, wThich make shipment
in the month specified in
the allotment number carried by each order.
product, other than Class B products, involving the use of any of the four controlled materials.
of items normally sold on the open market, such as subassemblies and specialized or miscellaneous items of equipment.
War Department, Navy Department, Maritime Commission, Aircraft Scheduling Unit, Office of Lend-Lease Administration, Board of Economic Warfare, and Office
of Civilian Supply.
December 1942
SURVEY OF CURRENT BUSINESS
Plan, the manufacturer submitted his future over-all
requirements to the War Production Board with a
statement of his inventory of each material, his past
material consumption, the general pattern of his
preference ratings, and his orders on hand. In terms
of these requirements and considerations, he was then
given a flat-preference rating covering all his materials
for a quarter.
The Production Requirements Plan aimed at the
laudable objective of providing each manufacturer
operating under it with a balanced supply of materials.
Furthermore, to some extent, it gave promise of
effecting an over-all balance between materials orders
and materials supplies. It also took inventories into
account. For these reasons, effective in the third quarter of 1942, it was made mandatory for all firms using
more than $5,000 worth of certain metals a quarter.
Although extensive reporting delayed its application
until the fourth quarter of 1942, the Production Requirements Plan did enable the War Production Board
to scale down each plant's materials requirements to the
point where the total allocation of materials in a given
quarter-year was brought into balance with supplies
then available.
This system of materials control—preference ratings
supplemented by branch allocations and by the
Production Requirements Plan—still had certain fundamental weaknesses. In the first place, the production
program was planned and contracted for irrespective of
the materials-supply picture. Consequently the program as planned frequently called for more materials
than were available in the contemplated period. All
that the Production Requirements Plan could do was
to limit each company's orders for materials so that
total allocations were equated with supply. The use
of the materials allowed was still determined by preference ratings or by industry-branch allocations.
Balance between the various parts of the production
program was equally impossible. With the sequence
of material deliveries still determined by preference
ratings, the timing of production to achieve a balanced
flow of end products was not possible. Moreover,
since allotments under the Production Requirements
Plan were based on requirements as stated by the user,
and since the legitimacy of his requirements could only
be checked against the quantity of material used by
him in the past, there was a tendenc}^ for producers
who were ahead of schedule to get further ahead and
for those who were behind to drop further behind.
Also, since the reports on requirements came from the
plants rather than from the procurement agencies, a
program planned in terms of end products was not
possible. Finally, competition—both among contractors and procurement agencies—removed any normal
incentive for balancing and scheduling their programs
and for conserving materials.
Controlled Materials Plan.
It was in this setting, and to meet these problems,
that the Controlled Materials Plan was inaugurated
by the War Production Board last month. Without
elaboration on its details, the Controlled Materials
Plan may be described as a system of vertical allocation
of materials in terms of end products. Quotas are
fixed for each procurement agency by the War Production Board, for prime contractors by the procurement
agencies, and for subcontractors by prime contractors.
In the first instance, only four key materials—carbon
steel, alloy steel, copper, and aluminum—are under the
control plan. The plan goes into operation the second
quarter of 1943, but the Production Requirements Plan,
and the other existing mechanisms, are continued until
July 1, 1943, to enable those contractors who are slow
in fitting into the plan to continue to get materials.
Preference ratings and branch allocations are continued
for other than the controlled materials.
The sequence of steps in the operation of the Controlled Materials Plan is given in the last two columns
of table 4. The plan gives promise of achieving (by
mid-1943) a balance between the entire production
program—both for war and for essential civilian needs—
and the supplies of materials available. If ably executed, it further makes possible the achievement of a
balance within the program, since end items and components are scheduled month-by-month in accordance with
the full program of each procurement agency. Finally, it
is hoped that the Controlled Materials Plan will encourage conservation of scarce materials, since each agency
must meet its program with a limited and specific allotment of materials and since each contractor's allotment
is tied to a specific quantity of end products.
Difficulties are bound to develop under the new plan,
but these difficulties are capable of solution if vigorously
attacked, for the general form of control envisaged by
the Controlled Materials Plan is suitable for wartime
conditions. Not only is it the form of control necessitated by the weaknesses of its three predecessor plans,
but it is the form of control ultimately adopted both
in Britain and in Germany for key materials. Each of
these countries started with a system of horizontal
allocation of materials, only to turn in time to a system
of vertical allocation of materials to procurement
agencies.
Savings at Unprecedented Levels
Aggregate income payments to individuals exceeded
the 10-billion dollar mark for the first time on record
during September. During October they rose again
and no appreciable diminution in the average monthly
increase is yet apparent. Fortunate as this development is from almost all angles, it does add to the difficulty of the problems facing the Economic Stabilization Director. Just as fortunate, however, is the fact
8
SURVEY OF CURRENT BUSINESS
that rising income payments are accompanied by increased savings of individuals. These savings are now
at high levels never before this year remotely approached.
Despite somewhat higher taxes and an unprecedented
high dollar-volume of consumer expenditures, 1942
savings are expected to be in the neighborhood of
26 billion dollars. During the third quarter of this
year individuals are estimated to have saved more than
7 billion dollars, or roughly twice the amount saved
during the third quarter of 1941. Such a volume of
saving is, of course, attributable mainly to the sharpness of the income rise plus various factors holding
down the dollar volume of consumer expenditures, such
for example as enforced curtailment of durable-goods
purchases and price ceilings.
Table 5.—Disposable Income Consumption Expenditures and
Savings of Individuals l
[Billions of current dollars]
Year and quarter
1940:
I .
II. _
Ill
IV...
Total
1941:
I
JJ
III
IV...
Total
1942:
I
II
III.
IV
Total
Disposable
income2
Consumer
expenditures
and gifts
Savings
worth cf Series E War Bonds, invested over one-half
billion dollars in private insurance, and reduced their
short-term indebtedness by approximately 1 billion
dollars. The apparent balance of more than 4 billion
dollars presumably represents the savings held in all
other fcrms.
Some elements of dissaving by individuals were
present in the third quarter this year, judged by available evidence. For example, there was a moderate
liquidation of inventories of unincorporated business
establishments, and a slight increase in the mortgage
indebtedness of individuals. Far more than offsetting
these negative elements in the savings picture, however,
was an unprecedented increase in the volume of currency and bank deposits apparently in the hands of
individuals. The Securities and Exchange Commission estimated that these cash savings were somewhat
more than 4 billion dollars during the third quarter of
this year.
Funds held in form of currency and bank deposits
are not necessarily indicative of individual decisions
Chart: 3.—Net Savings of Individuals
17.0
17.8
18.3
20.3
15.4
16.3
16.2
18.1
73.4
66.0
7.4
19.0
21.3
22.6
25.0
16.7
18.7
19.0
20.6
2.3
2.6
3.6
4.4
87.9
75.0
12.9
22.8
25.8
27.9
3 31.2
19.0
19.9
20.6
3 22.0
3.8
5.9
7.3
3 9.2
107.7
81.5
BILLIONS OF DOLLARS
1.6
1.5
2.1
2.2
26.2
1
There are two general methods by which the savings of individuals may be estimated. These two methods are (1) the residual approach of income-minus expenditures, used in the computation of the above total, and (2) the balance-sheet approach
whereby the totals are constructed by algebraic summation of estimates of the component parts. These component parts represent changes in the assets and liabilities
of individuals resulting from uses of the current period's income. Estimates of saving
made by the first method accumulate all the biases inherent in the formation of current estimates of both consumer income and consumer expenditure. Past experience
is that these biases have usually been opposite. Statistical biases naturally tend to
be greater during the third than the first quarter of any given year when a series is
expanding. The balance-sheet approach likewise involves estimating by residual
methods certain components of the savings aggregate. For example, changes in the
cash and security holdings of individuals must be obtained inferential]y since no
direct information on these magnitudes is available currently.
2
Disposable income is defined as total income payments less direct personal taxes.
3 Estimated.
Source: U. S. Department of Commerce.
While the large volume of savings this year has
contributed appreciably to modifying the danger of
inflation, it is important to know whether current
savings actually represent a more or less permanent
immobilization of purchasing power, or whether they
may be temporary in nature. For this purpose we
require information about the form in which the savings
of individuals are held.
Statistical data to construct a picture of this type
are far from adequate, but certain material facts are
readily available. For instance, in the third quarter
of this year individuals purchased 1.4 billion dollars
December 1942
INCREASE IN THE AMOUNT OF
SERIES " E " U. S. SAVINGS
BONDS OUTSTANDING!/
1
Data are at current redemption values.
Data for "Savings applied to reduce consumer short-term indebtedness" are
included with "Other savings" for the third quarter of 1941.
2
Sources: U. S. Department of Commerce; U. S. Treasury Department; Securities
and Exchange Commission; and Board of Governors of the Federal Reserve System.
to save for any prolonged period of time. Some of
this cash undoubtedly is held in anticipation of the
higher personal income tax payments which will have
to be made during 1943. Another large portion of the
cash holdings probably can be explained by the desire
of many individuals to keep some of their assets in
liquid form rather than in War Savings Bonds, simply
as a reserve against an uncertain future. As reserve
funds these liquid savings are apt to be drawn upon at
any time and returned to the income stream as consumer expenditure, thus adding to the difficulties of the
price-control authorities.
The high degree of liquidity in individual savings this
year is also indicative of the abnormal character of
some of these savings. Judged by the relationship to
income during past years, the normal pattern of income,
expenditure, and savings has been modified appreciably.
9
SURVEY OF CURRENT BUSINESS
December 1942
With prices of consumer goods subject to control, with
many durable goods unavailable, and with an increasing
number of nondurable goods subject to rationing, the
consumer is no longer able to dispose of increases in his
income as freely as he might wish. Thus, purchasing
power which, in the absence of price control, would be
exhausted in bidding up the prices of the dwindling
supply of available consumer goods, is at present more
or less automatically retained as abnormal individual
savings. Although the immediate inflationary consequences of increased consumer income are thus checked,
there remains a problem of diverting these abnormal
savings into channels where they can be kept immobilized until the proper time in the post-war period
when the supplies of consumer goods have once more
been established.
portation with a 35-percent increase in earnings gained
the most for any major group, while manufacturing
with a 15-percent decline in earnings showed the largest
decrease.
Earnings of manufacturing corporations this year
have been adversely affected by the temporary reductions in output accompanying the conversion of a
number of industries to war work and by the growing
problems of materials and manpower supply as well.
Earnings of trading corporations are also running below
last year, due in part to the effect of price ceilings
coupled with that of rising costs. The higher level of
profits this year in construction and transportation is
the result chiefly of a larger volume of activity.
Table 6.—Estimated Corporate Profits After Tax by Industrial
Divisions, First 3 Quarters, 1941 and 1942
[Millions of dollars]
Corporate Net Earnings Only Slightly Below 1941
Despite 40 percent higher income and excess profits
taxes this year than last, corporate net earnings for
the first 3 quarters of 1942 were only 5 percent below
earnings for the corresponding period last year. For
the entire year 1942 corporate profits after taxes are
estimated at 6.7 billion dollars, or 7 percent less than
the 7.2 billion dollars earned by corporations during
1941.
The changing industrial pattern of corporate earnings
this year may be seen from table 6 which breaks down
Chart 4.—Estimated Corporate Profits After Taxes by Major
Industrial Groups
MILLIONS OF DOLLARS
2500
2000
1500
1000
1941
CD O rt<
SD.Oi
Item
II I I
I
Total..
Agriculture
Mining
Manufacturing
Food, beverages, and tobacco
Textiles and leather
Lumber and its products
Paper and allied products
Printing and publishing
Chemicals
Oil refining
Stone, clay and glass
Iron and steel
Nonferrous metals
Machinery (except electrical)Electrical machinery
Transportation equipment
Automobiles and equipment..
Rubber and miscellaneous
Total trade
Wholesale trade
Retail trade
Contract construction
Transportation
!
Power and gas
Communications
Finance
Service
Miscellaneous
II
I
1,476 1,746 1, 928 5,150 1, 523 644 1, 736 4, 903
1,
16
5
4
52
52 60 164
894 1,070 1,114 3, 078
122 150 176 448
62 85
78 225
31
38
99
30
29
36
87
22
31
21
81
29
109 125 121 355
34
74
25
15
47 127
46
34
98 105 124 327
39 116
37 40
113 128 135 376
51 147
41
55
42
50 65 157
274
94 109
185
61
46
220 513
112
91 237
58
129 276
54
56
22
16
302 652
152
65 285
127
50 153
50
102 112 122 336
18
18 57
-53 - 5 2 -160
Seasonally adjusted index of
total corporate profits (1939=
100)
153. 7 173. 8175.6
500
1942
7
50
840
126
43
26
31
12
109
21
22
77
32
107
40
179
59
120
18
194
90
55
115
23
7
53
887
50
24
-7
153
884 2, 611 - 1 5
141
62
28
23
15
76
17
26
90
32
105
50
97
75
50
141
63
78
24
319
-5
-31
-27
-23
-42
-19
-14
-40
-27
-15
—14
3
60
-22
-23
-4
-25
14
32
35
-19
8
0
23
157 424
51 156
18 72
13 67
20 47
103 288
26
64
28 76
71 238
35
110
52
77 251
70 213
53 143
172 492
55 177
117 315
74
32
368 881
74 232
55 165
112 110 337
70
23
24
-45 -43 -136
155.4 159. 2 161.0
Source: U. S. Department of Commerce.
1939
1940
1942
DO. 42-487
Source: U. S. Department of Commerce.
aggregate corporate profits by major industrial divisions. Profits in four industrial groups, accounting for
approximately three-fourths of all corporate earnings,
fell this year while earnings in the remaining seven
industrial divisions, accounting however for only onefourth of aggregate earnings, rose moderately. Trans-
495973—42-
The 1942 Revenue Act affected corporate earnings
much less adversely than many firms had anticipated,
thus the reported figures for third quarter 1942 profits
frequently contained adjustments to raise the cumulative profits for the year to the levels appropriate
under the tax rates specified in the Revenue Act from
the lower levels which had been anticipated. This
gain in profits resulting from overestimated taxes has
been spread out in table 6 over all 3 quarters of 1942.
10
SURVEY OF CUREENT BUSINESS
December 1942
The Pulp and Paper Industry in War and
Peace
By W. LeRoy Neubrech and Arnold G. Schumacher
essentiality
its products determines
ABSOLUTE time.courseall of development ofconverted
^ the economic
and
an industry during war
If
pulp, paper, and
paper items were suddenly to become nonexistent the
war would either end abruptly within a few months
or revert to more primitive methods. Production of
shells would be seriously curtailed because a large
proportion of the propellent explosives are made from
wood pulp; 1 there would not be suitable means of
transmitting complicated data or instructions; there
would not be any maps; new airplanes, tanks, ships,
guns could not be built without blueprints; many
products, especially food, could not be adequately
packaged, and so on throughout a long list of vital
wartime needs. On the other hand, some of the end
products of the industry, or at least unrestricted uses
of these end products, trespass into the field of nonessentials during war.
Thus, the pulp, paper, and converted products industry, consisting of over 3,000 establishments, employing over a quarter of a million wage earners, and annually producing products valued at over 2 billion
dollars, presents major problems as regards maintenance of essential production on one hand and curtailment of unessential products on the other. The
industry is a very important user of all types of transportation (rail, truck, and water). Directly and
indirectly it requires a large number of wage earners
for woods operations, trucking, mill operations, and
distribution. It consumes large amounts of electric
power, of which 75 percent is self-generated. Even
though its principal raw material—growing t i m b e r is adequate, its requirements for critical metals or
chemicals are not relatively large, and its plant facilities and machinery are not convertible to other
products, the industry is nevertheless vulnerable to
curtailment and concentration primarily to release any
unnecessary use of manpower, transportation, power,
or critical raw materials which can be applied more
directly to the war program.
What Is Pulp and Paper?
The question "What is pulp and paper?" may seem
elementary, yet few people have a basic understanding
of the products of the industry, let alone their economic
significance.
The forest is the primary source of fibrous raw material used in the manufacture of most types of paper.
i In Europe practically all gunpowder is produced from wood pulp.
Timber must be felled, cut into suitable-length logs,
and transported by water, truck, or rail to the pulp
mills. In 1941 the amount of pulp wood consumed was
equivalent to a pile of cordwood 4 feet high, 4 feet wide,
and 22,727 miles long. At the pulp mills the logs are
converted into a fibrous mass either by a mechanical
method of grinding the wood against stones or by one
of several chemical treatments of the wood chips. In
the chemical process large cooking tanks known as
digestors are used. These are often about 50 feet high
and 18 feet in diameter. Further refining at the pulp
plant usually consists of washing, screening, and
bleaching the pulp.
Although, in terms of total pulp output, wood is by
far the principal raw material, other fibrous materials
such as rags, straw, jute, and hemp are used for certain
types of paper products requiring special properties.
For paperboard, about 60 percent of the fibrous material used is old newspaper and old paperboard.
Paper and paperboard are produced on complicated
and expensive Fourdrinier or cylinder machines, without question the largest stationary machines used by
any industry. Modern paper machines cost from
$500,000 to $1,000,000 each. In size they are about
10 to 30 feet wide, up to 30 feet high, and up to about
350 feet long.
In the paper mill the raw pulp is mechanically treated
so as to reduce the pulp to individual fibers suspended
in water. To this are added fillers, sizing, color, and
other materials, the resulting mixture being known
as furnish.
In producing paper on the Fourdrinier paper machine
the furnish (usually from 99 to 99K percent water) is
deposited in a steady, regulated flow on the Fourdrinier
wire. This consists of a finely woven copper screen
in the form of a rapidly moving endless belt, often over
200 inches wide and as much as 50 or 60 feet long.
Here much of the free water is drained off, leaving a
sheet of interlaced fibers. As the "sheet" reaches the
end of the wire it is picked up by an endless felt belt
which carries it between large rolls where the fibers are
set and more water is removed. It then goes to the
driers which are heated cylinders—sometimes as many
as 60. Thus, the sheet passes continuously through a
maze of presses and driers so that by the time it comes
off the "dry-end" of the machine it is paper.
Some paper and most paperboard is made on the
cylinder or other basic type of paper machine. The
principles involved are the same—the major difference
December 1942
SURVEY OF CURRENT BUSINESS
being that the copper screen wire is placed around
hollow cylinders which dip into and pick up the pulp
furnish, thereby creating a web of fibers which are
removed by conveyor felts. There may be a number of
cylinders operating in a row, each removing from the
furnish a layer of fibers which is deposited on the moving
felt. Thus, in the case of paperboard, it may be "builtup" of different pulp mixtures so that the outside layers
are of a finer texture than the layers which comprise
the core of the sheet. Pressing and drying are similar
to the Fourdrinier process.
Certain types of paper such as newsprint, uncoated
book paper, and common wrapping paper are used in
the form they leave the paper machine. However,
much paper and paperboard is processed or converted
before being finally used. Among the converted paper
products are supercalendered papers, paper bags,
envelopes, boxes and cartons, drinking cups, toilet
paper, napkins, facial tissue, and literally hundreds or
thousands of other specific items.
Whereas the manufacture of pulp is confined to about
200 mills, and the production of primary paper and
paperboard to about 640 plants, converted paper products are made in nearly 2,500 establishments.
Economic Characteristics of the Industry.
The paper and allied products industry, as measured
both by value added and by value of products manufactured during 1939, stood eleventh in the array by
size of the country's industry groups, with a total
output valued at 2,020 billion dollars. Estimated
total investment in plant and equipment exceeds 1,500
billions, which gives an average of $1.34 of annual
output for each dollar of invested capital. Capital
investment is highest in relation to output in plants
making newsprint, which is a relatively low priced
product requiring a large investment in water-power
plant and forest reserves. Less capital is needed in
relation to output in the fabrication of paperboard.
While this is also a comparatively cheap commodity
to produce, it can be made in great volume with relatively more simple and inexpensive equipment.
A heavy fixed investment is required to open a plant
or to expand an existing firm and the percentage of
net profit to net worth for paper manufacturers is
typically low. Although the initial investment in the
paper industry is large, the plant and equipment can
be utilized several years without requiring any other
significant capital expenditure. The final product is
not subject to radical style changes that necessitate
such expenditures. However, lack of frequent changes
in plant equipment accounts for many marginal producers in the industry. Thus, changes in total costs
of production are largely a function of variation in such
direct costs as labor, raw material, and transportation.
Since direct costs are a predominant consideration, it
is natural that most plants should locate in small
towns where these costs tend to be lower.
11
Once a plant has operated long enough and produced
enough units (tons of paper) to amortize its original
fixed investment, it is possible to close down and reopen
on very short notice when market conditions warrant.
This is not possible in industries such as steel, automotive, and electrical appliances that require constantly
huge fixed investments and must meet periodic heavy
interest payments.
Trend Toward Larger Managerial Units.
Along with the industrial expansion during the past
40 years, there have also developed certain changes
in products, methods of distribution, and types of
business organizations. One tendency has been the
increase in size of the managerial unit. In 1872 individual entrepreneurs and the partnership form of
ownership together accounted for over 80 percent of
the owners of pulp and paper mills.2 However, in 1934,
96 percent of managerial control was accounted for by
the corporate form of business organization.
This growing trend toward more complete integration has been the result of consolidations and mergers
as well as the development of extensive holding companies. In 1933, according to the Federal Trade Commission, one company controlled the manufacture and
sale of 80 percent of the newsprint sold on the Pacific
coast. The formation of these large units has been the
natural outgrowth of a desire to obtain economies of
large-scale organization. Huge, new forest reserves
opened in the South and West since 1920 have required
large expenditures in order for proper development to
take place. As the size of paper mills grew, the necessary investment in them increased tremendously.
The process of vertical integration has moved forward into the marketing process as well as backward
into the control of timberlands. In recent years the
number of manufacturers' own sales branches in the
paper industry has increased appreciably, and according
to the 1939 Census of Wholesale Distribution, approximately 21 percent of paper manufacturers' sales
were made through these branches, compared with
only 7 percent in 1935. About 40 percent of total
manufacturers' sales are direct purchases by industrial
users, which use the paper in the course of their business
or convert it into products for resale, while 35 percent
are sales to independent paper merchants and limitedfunction wholesalers. Wallpaper is the only commodity
that is sold in any considerable quantities direct to
retailers. From 85 to 90 percent of all newsprint paper
is sold on contract between the mill and publisher.
Geographical Location of Plants.
Current production of primary paper and paperboard
is approximately equally divided between self-contained
mills and nonmtcgrated mills. A self-contained mill is
one which produces part or all of its own pulp requirements and in many instances produces an excess quan2
L. T. Stevenson, "The Background and Economies of American Papermaking,"
1940.
12
SURVEY OF CURRENT BUSINESS
December 1942
Percent change
1940 from 1930
Percent change
1940 from 1930
1.—United States Production of Wood Pulp
tity for sale. A nonintegrated paper mill depends Table and Paperboard, by Regions, 1930, 1935, and and Paper
1940
wholly upon pulp supplies produced by nonintegrated
[Thousands of short tons]
pulp mills, imports, or pulp produced for sale by selfWood pulp
Paper and paperboard
contained pulp and paper mills. Between 90 and 95
percent of total current domestic wood pulp output is
produced by companies operating paper mills, the small
Region
1930 1935 1940
1930 1935 1940
balance being provided by independent pulp plants.
The factors governing the choice of plant sites vary
between self-contained and nonintegrated paper mills.
4, G30 4,926 8,852 +96 10,169 10, 479 14,484 +42
Transportation costs of raw materials are a major item Total
Northeastern and Central
States
2,080 1,711 2,260
+9 6, 305 6,078 7,647 +22
in production costs, an average of four carloads of raw
Lake States .
1,077
893 1,190
+1 2,400 2,064 2, 607 +9
Southern States
658 1,284 3,563 +441
864 1, 415 2, 984 +245
materials being required to produce one carload of
Pacific States
9^2 1,246 +108
815 1,038 1,839 +126
600
paper. As a consequence, the optimum location for a
break-down computed by Bureau
paper mill, other factors permitting, lies in balanced of Source: U. S. Department of Commerce (regional Bureau of the Census incomplete
Foreign and Domestic Commerce, based upon
transportation distance of the various raw materials data by States).
and chemicals to the mill, and of the principal markets
Some specialization of product has developed in
for the finished product from the mill. Depending
various sections of the country. Newsprint production
upon whether the mill is nonintegrated or self-contained,
and upon the unit value of paper produced, the optimum is centered largely in Maine, New York, and Washcombination of transportation factors and distances ington, while mills in Ohio, Pennsylvania, Massachusetts, and Michigan specialize in book papers. Tissue
may vary widely.
For a self-contained mill it is highly important that its paper is made largely in New York, Pennsylvania, and
wood supply be close at hand, but the method of raw Wisconsin, and the production of wrapping paper and
material transportation is relatively unimportant so paperboard is mainly concentrated in the Midwest and
long as the cost is kept at a minimum. In contrast, the Southern States. Kraft types of paperboard are prononintegrated mill is most favorably located with duced largely in the South while other types, especially
reference to its materials if situated on a deep harbor those made wholly or in part from waste paper (such
where water-borne shipments of pulp from foreign or as folding and set-up boxboard), are produced ia the
domestic sources can be delivered with no transship- North. Production on the west coast is predomiment by rail, or where only low-cost rail hauls are nantly of wrappings.
Growth of Industry Impressive.
involved.
Another locational factor of great importance is the
Perhaps the most remarkable phenomenon that has
kind and grade of paper made. The quantity and type occurred in the pulp and paper industry has been its
of labor required for the production of different kinds outstanding growth in the past two decades. Oneof paper influences the percentage distribution which quarter of all the pulp and nearly one-half of all the
direct costs, other than materials, bear to the total cost paper produced in the world in 1939 was manufactured
of production. This may affect location relative to the in the United States.
labor market. In this same connection, in the manufacExpansion in the domestic pulp industry has occurred
ture of higher grades of paper, raw^ material costs become largely in recent years. As late as the decade from
less important as other costs rise. This explains the 1925-34, domestic annual output furnished only about
fact that many countries, such as England and France, 71 percent of total pulp supply, the balance coming
though distant from adequate wood supplies, are never- from imports. In the short space of the last 7 years
theless of considerable importance in the manufacture the total yearly output of United States pulp mills
has doubled and in 1941 and 1942 this output provided
of certain high-grade papers.
Other factors besides transportation and labor which about 89 percent of the total supply. This trend is
influence plant locations are the existence of a large particularly outstanding when the large increase in
water supply and in many cases the "quality" of the consumption is taken into account. The great expanwater, the certainty of a continued supply of raw sion in domestic production is in large measure attributmaterial, and the relation to suitable consuming markets able to the development of a new technique for making
both as regards quality and quantity of consumption. sulphate pulp from the resinous southern pine tree.
The pulp and primary paper industry is largely rural Until about 15 years ago this tree was considered
with 63 percent of the mills being located in communi- unsuited to pulping operations. However, the relties of less than 25,000 population. The industry atively new process has made abundant supplies of
remains relatively concentrated in the New England and pulp available for the production of heavy wrapping
Middle Atlantic States where it was originally founded. paper and container board. It also served to augment
In 1939 out of a total of 722 paper mills in the country the general trend toward conversion from various forms
422 or nearly 60 percent were located in this northeastern of shipping containers made of other materials to less
expensive paperboard boxes and cartons.
region.
December 1942
13
SURVEY OF CURRENT BUSINESS
Pulp production has also shown a marked expansion
since 1925, especially in Washington and Oregon.
Natural advantages of this region include dense forests
of spruce, hemlock, and fir situated close to swiftly
flowing streams that provide abundant power. Considering the availability of water power and timber resources, the Pacific Northwest has excellent facilities for
the manufacture of pulp and paper. Pulp production
in the Midwest Lake States has remained stable since
1920, but the percentage of total national output
accounted for by these States has fallen from about 80
percent to 37 percent in the past 20 years.
The growth in the paper industry approximately
parallels that of pulp, with the period of greatest
expansion coming since 1920. (See table 3.) The
increase in paper-making capacity was the result of new
and larger machines being employed rather than of any
great increase in the number of machines. Approximately 1,600 paper machines were in existence in 1940
compared with the 1,370 machines available for use in
paper mills in 1904, an increase of only 17 percent.
However, modern units producing a much wider sheet
at greatly increased speeds had raised annual papermaking capacity from about 2,780,000 tons at the turn
of the century to 16,890,000 tons in 1940.
Chart 1 indicates the expansion that has taken place
in the production of the principal classifications of
Chart 1.—Production of Paper and Paperboard
the newsprint consumed in this country comes from
Canada.
Pulp and Newsprint Imports Major Items in Foreign Trade.
Imports of wood pulp have shown a gradually increasing trend since 1921, but the increase has not kept
pace with rising domestic production. (See table 2.)
Table 2.—-Wood Pulp Supply and Demand, 1925-41
[Thousands of short tons]
Supply
Year
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
19412
19422
Production
. .
Imports
3,962
4,395
4,313
4,511
4,863
4,630
4,409
3,760
4,276
4,436
4,926
5, 695
6, 573
5,934
6,993
8,852
10,000
10,500
1,664
1, 731
1,676
1,755
1,881
1,830
1,597
1,482
1,943
1,806
1,933
2,278
2.395
1,710
2,027
1,225
(3)
(3)
Demand
Total
5,626
6,126
5,989
6,266
6,744
6,460
6,006
5,242
6,219
6,242
6,859
7, 973
8,968
7,644
9,020
10,077
(3)
(3)
Consumption i
5, 588
6,092
5,957
6,232
6,690
6,412
5,953
5,194
6,140
6,099
6,687
7,780
8,645
7,504
8, 880
9,595
10, 800
11,100
Exports
(3)
(3)
38
34
32
34
54
48
53
48
79
143
172
193
323
140
140
482
Total
5,626
6,126
5, 989
6,266
6,744
6, 460
6,006
5, 242
6,219
6,242
6, 859
7,973
8,968
7,644
9,020
10,077
(3)
(3)
1
Apparent consumption—equals production plus imports minus exports.
2 Estimated by the Bureau of Foreign and Domestic Commerce.
3
Figures are not available for publication.
Sources: U. S. Department of Commerce, Bureau of the Census, and Bureau of
Foreign and Domestic Commerce; American Paper and Pulp Association; U. S.
Pulp Producers Association.
Thus, the ratio of total pulp supplied by foreign producers to total consumption has decreased from about
28 percent to about 12 percent in the last 10 years.
Finland, Norway, Sweden, and Canada were the main
sources of pulp imports before the war.
Imports of wood pulp into the United States have
fluctuated between 1,500,000 and 2,400,000 short
tons over the past 15 years. Although domestic
production has nearly tripled in the same period and
domestic capacity was large enough to meet demands,
the European sources have continued to supply this
country largely because certain pulps, particularly the
1904 1909 1914 1919 1925 1932 1937 1933 1939 1940 I94KI942 "
unbleached grades, are of a very high quality and were
D O 4Z-4S4
i Estimated.
available at attractively low prices. American pulps
Sources: Data through 1940, U. S. Bureau of the Census; thereafter, U. S. Bureau
have been greatly improved over the years, and there
of Foreign and Domestic Commerce.
is a growing tendency to use these wherever possible.
paper since 1904. The production of all major classes However, for papers requiring special qualities, esof paper except newsprint has approximately doubled pecially great strength, the foreign pulp has been
since 1931. The annual output of tissue paper has preferred.
The European trade has ceased, just as it did during
risen about 165 percent in the past 10 years, while
paperboard manufactures have shown a gain of about the previous conflict in 1917 and 1918, but a sub130 percent. The decline in domestic newsprint pro- stantial amount is still received from Canada.
Approximately 85 percent of the total imports of
duction which has occurred since 1925 is largely the
result of increased Canadian imports. Large forest paper consists of newsprint coming largely from Canada.
reserves especially suited for ground-wood-pulp produc- Otherwise imports of paper compared to total domestic
tion, abundant water power, and comparatively lower consumption are insignificant.
wage levels give Canadian newsprint the advantage of a
Prior to 1920, from 20 to 30 percent of United States
lower production cost than is possible in the United exports of paper and paper products went to Europe.
States. At the present time from 75 to 80 percent of all However, after that date an increasing percentage o£
MILLIONS OF SHORT TONS
20
14
SURVEY OF CURRENT BUSINESS
total exports was shipped to Asia, Australia, and Far
Eastern regions. This change in the flow of United
States world paper trade can be largely attributed to a
dislocation of markets resulting from the war, when
these areas were cut off from their European sources.
Table 3.—Paper and Paperboard Supply and Demand, 1925-41
[Thousands of short tons]
Demand
Supply
Year
1925
1926 . .
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941 3
1942 3
Production
9,182
10,002
10,403
11,140
10,169
9,382
7,998
9,190
9,186
10, 479
11,976
12,837
11,381
13, 510
14,484
17,225
16,100
Imports
1,492
1,893
2,036
2,198
2,459
2,306
2,091
1,815
1,823
2,240
2,424
2,821
3,389
2,325
2,672
2,802
Total
Consumption1 Exports
10, 674
10, 578
12,038
12,601
13,599
12,475
11,473
9,813
11,013
11,426
12,903
14, 797
16,226
13, 706
16,182
17,286
11,916
12,451
13,402
12,305
11,343
9,723
10, 909
11, 293
12, 758
14,653
16,040
13, 542
15, 971
16, 774
19, 750
18, 400
96
124
122
150
197
170
130
90
104
133
145
144
186
164
211
512
Total
10,674
12,038
12,601
13,599
12,475
11,473
9,813
11,013
11, 426
12,903
14,797
16,226
13, 706
16,182
17, 286
1 Apparent consumption—equals production plus imports minus exports.
2
3 Data are not available.
4 Estimated by the Bureau of Foreign and Domestic Commerce.
Figures are not available for publication.
Sources: IT. S. Department of Commerce, Bureau of the Census and Bureau of
Foreign and Domestic Commerce; American Paper and Pulp Association; U. S.
Pulp Producers Association.
Foreign markets have never represented an important segment of demand for paper or pulp produced in
this country, as may be seen from tables 2 and 3. In
1919, exports of paper, paperboard and converted
paper products amounted to 7 percent of domestic
output in terms of value, while in 1929 exports represented only about 2 percent and in 1939 only about
1% percent. The physical volume of exports, however,
has shown an upward trend, increasing from 124,000
short tons in 1920 to 170,000 short tons in 1930, and
512,000 short tons in 1940. Wood-pulp exports have
shown a similar trend, decreasing in relation to total
domestic production but increasing in export volume
in recent years, especially during 1941.
Under present war conditions, the American
Republics and some of the other United Nations
depend to a major degree upon United States and
Canada for imported pulp and paper supplies, whereas
in former years Europe was their principal source.
Influence of War on Operations.
In common with other industries, pulp, paper and
converted paper products have been placed under the
jurisdiction of the War Production Board and Office
of Price Administration. This control is to prevent
unnecessary maladjustments in inventories and prices,
to control critical materials, and to direct that essential
pulp and paper products are produced in sufficient
quantities.
In terms of plant facilities and capacity the pulp,
paper and converted products industry in the United
December 1942
States was better able to withstand the effects of war
on December 8, 1941 than when the country entered
the first World War in 1917. However, this fact is
partly offset by other considerations. Shortages of
certain vital materials such as rubber, which are now
apparent, did not threaten the industry in 1917 when
countries supplying these items were on friendly terms
with the Allies., The magnitude of our present war
effort far outstrips that of the first World War so that
shortages in labor, transportation, power, and other
critical materials are developing much sooner and to a
more marked decree. The present conflict promises to
be of longer duration. As a consequence, regulations
regarding pulp and paper manufacture have come much
earlier in World War II than in the previous war.
The first general action to affect the industry in
World War I came in January 1918, when an economy
drive to conserve fuel was inaugurated. The Paper
and Pulp section of the War Industries Board was
organized in June of 1918. Simplification and standardization orders for wrapping and book papers as well as
a 50-percent restriction order against output of paperboard and textbooks were issued in August and September of 1918. These controls were quickly lifted
from the industry following the Armistice, with the last
of the restrictions being canceled on December 18, 1918.
In contrast, Government controls affecting pulp and
paper operations were inaugurated in the early stages
of this war. In fact, chlorine supplies available to the
industry were restricted prior to Pearl Harbor. General
Order M-93 placing rigid restrictions on the pulp
industry by providing for a system of pulp allocations
was issued on March 14, 1942. Standardization and
simplification practices were initiated on July 4, by
Limitation Order Lr-120 which limited the manufacture
of certain fine papers to specified grades, sizes, weights,
and colors. Thus, in the short space of 8 months
individual producers were subjected to regulations that
were not applied until nearly a year and a half after
the declaration of war in 1917.
Certain characteristics of the industry have brought
forth the same problems in both periods of conflict.
These problems clearly indicate why Government intervention in the form of control orders on operations
have been necessary and why additional orders providing for curtailment and concentration of production are
in prospect. Paper production depends on adequate
transportation facilities. Logs must be transported
from forests to pulp mills; 80 percent of all domestically
produced pulpwood goes part of the way to mills by
motor truck. Paper mills not integrated with pulp plants
sometimes use pulp produced many hundreds of miles
away. The paper may then be shipped to plants for
conversion into a myriad of paper products. Finally,
a substantial portion of the paper and paper products
must be distributed to wholesale and retail outlets. In
the aggregate, considerable cross-hauling has been
December 1942
evident—a practice not economic i i time of war. Rail,
water, and motor transportation are all utilized and a
shortage or need for conservation of these facilities calls
for adjustment in pulp and paper operations.
Labor shortages also affect the industry. The
Pacific Northwest, an important source of wood pulp,
has already experienced serious difficulty in obtaining
woods labor. The shipbuilding and other new war industries in this region have attracted workers by offering higher rates of pay. In other parts of the country
the labor situation shows signs of becoming grave.
Labor is the most important single factor causing current Government orders controlling operations within
the industry. It promises to be the primary reason,
direct or indirect, for further action in curtailment and
concentration of production and limitation of uses of
products.
Complicated machinery, critical metals, chemicals
and other materials are required for the manufacture
of paper, and maintenance costs are high. The mechanized character of the industry and the large investment
in fixed capital necessary have already been pointed
out. The extensive use of water and chemicals in the
manufacturing process demand a generous use of corrosion-resistant metals. Large copper screens (Fourdrinier and cylinder wires) are an essential part of every
paper-making machine. Their average life on Fourdrinier machines is less than 1 month.
These operating problems and shortages of transportation, manpower, and equipment are common to
the industry today just as they were in 1917-18.
Characteristics of Paper Demand.
The all-time peak in paper demand was reached in
1941. That year was also the peak year for the output
of goods for the peacetime economy, and it is this factor
which largely accounts for the unprecedented consumption of paper. Paper is a complementary product, and as such has a relatively inelastic demand following closely the general demand forces in the entire
economy. Its function is largely one of facilitating or
aiding in the final using up of other goods and services.
The bulk of practically all paper and paper products
satisfies indirect rather than direct wants. As individuals we desire clothes, furniture, and other consumer's goods wrapped or packaged in paper, but we care
little for the paper itself, except as it adds to the attractiveness of the product. We realize that when we
make a purchase the article must be tabulated on an
order book, placed in a carton, wrapped with heavy
paper, and even paid for with paper money, but still
there is little direct demand for paper itself.
These demand characteristics explain why paper
consumption is not influenced significantly by its price.
Although paper prices have fluctuated rather widely
over recent years, there have been no corresponding
changes in paper consumption. The demand for paper
15
SURVEY OF CURRENT BUSINESS
Chart 2.—Wholesale Prices of Paper and Pulp and All
Commodities
INDEX, 1926-100
200
•
^
150
50
PAPER AND PULP
A\
J
ALL COMMODITIES
x:
/
® TEN-MONTHS AVERAGE
1 l"l
M i l l 1 1 1 1 1 l ' l 1 1i i i 1 1 1 1 1 1 1 1 1
I9I3'I4 '15 '\6 '17 '18 'l9'20'2l 122'23'24>25'26'27'28'29^0>3l'32^3'34'35'36'37'38'39'40'4r42
0.0.42-43*
Source: U. S. Department of Labor.
has shown a steadily rising trend, interrupted only by
certain years of recession in general business activity.
Paper prices during the past 30 years have been subject
to wide fluctuations, with the Bureau of Labor Statistics index of paper and pulp prices (see chart 2) reaching
its highest point of over 180 (1926 = 100) in 1920. This
compares with a general downward trend since that
year. From 1916 to 1920, paper prices skyrocketed as
raw materials, such as wood pulp, rags, and chemicals,
which had formerly been imported in substantial quantities from northern European countries, suddenly
became scarce.
During the present conflict, while pulp and paper
prices have shown some tendency to rise, there has been
no drastic upsurge such as occurred during World War I.
This is due to several factors. The industry today is
much less dependent on foreign sources for raw materials and paper-making capacity has greatly expanded
since 1920. Price ceilings, voluntary at first but now
enforced by the Office of Price Administration, have also
prevented increases.
These characteristic features of paper demand are also
quite significant from the standpoint of its essentiality
during wartime when the industry faces certain restrictions. The decline in output of consumers' goods will
naturally tend to decrease the consumption of such
items as wrapping paper and paperboard, and it now
appears doubtful that production of war materials will
equalize the loss. Packaging in larger containers and
reducing wrappings to a minimum can further decrease
paper consumption. At present a multitude of sizes,
weights, colors, and other"frills'7 are used to increase the
advertising appeal of paper, and these could be cut to a
few relatively simple and standardized grades. Even a
sharp reduction in the quantity of newsprint available
would not interfere appreciably with the primary function of the newspaper—that of imparting basic news
to the public.
Thus, it would appear from the nature of paper
demand that its essentiality in wartime can be measured
only by its end-use applications taken in relation to the
16
SURVEY OF CURRENT BUSINESS
degree of conservation in labor, transportation, power,
and critical materials considered necessary to win the
war. No specific formula for curtailment or restriction
appears to apply to the primary paper itself. It cannot
be denied that paper is vitally essential in many of its
uses, but in many other uses it is employed largely as a
medium of advertising or decoration.
During wartime the most important application of
paper is in the manufacture of war material. For
example, it is used in the production and packaging of
shells and cartridges. Food and clothing for the armed
forces must be properly packaged in cartons for shipment to combat areas. Various types of writing and
specialized papers are essential for carrying orders,
maps, photographs, and blueprints utilized in the administration of war. Generally speaking, paper and
paperboard manufactured for military requirements
could easily be adapted to civilian needs, and vice
versa. Thus, control over distribution is relatively as
important as regulation of output in order to meet first
military needs, and secondly, essential civilian requirements.
The Paper Situation in Recent Months.
Around the first part of 1941 there was persistent
talk of shortages developing in various goods or materials. Paper or paperboard was no exception. Thus,
speculative purchasing was superimposed upon the
legitimate larger demand caused by the rise in industrial
and general economic activity due to defense spending.
As a result, orders received by paper mills skyrocketed
in March 1941 and continued at high levels for several
months. During this period the demand for paperboard also increased sharply, but in order to utilize
fully the capacity of the board mills, there was need for
vast quantities of old papers, especially old newspapers,
which constitute about 60 percent of the fibrous raw
material used by paperboard mills. (See table 4, which
Table 4.—Fiber Consumption in Paper and Paperboard
December 1942
salvage programs asked public cooperation in collecting
paper. Aided by the cooperation of the schools and
various agencies, increasing quantities began to pour
into dealers' yards for sorting and shipping to paperboard mills. So successful was this program that not
alone were the board mills able to step up operations to
capacity but by the spring of 1942, when demand for
board commenced to sag, large wastepaper surpluses
accumulated.
This collection program quite innocently further
stimulated the rumors of a paper shortage, chiefly
because the raw material—wTaste paper—was confused
with paper, the manufactured product. Thus, as the
public and merchants became conservation conscious,
there was a tendency to use less paper, yet at the same
time the trend to "stock-up" continued.
In the meantime, the paper industry brought into
operation idle plants and machines, with the result
that by October 1941 paper output exceeded orders.
For several months during the latter part of 1941 and
the early part of 1942, paper output in the United
States w^as the highest ever recorded, running over
100 percent of estimated 6-day three-shift capacity.
Beginning about April 1942 the situation which existed
from March 1941 to March 1942 reversed itself,t with
new orders placed at mills steadily decreasing to a low
point of around 60 to 70 percent of capacity in June
and July. Thus, both paper and paperboard mills
Chart 3.—Wholesalers' Sales and Inventories of Paper and
Paper Products, Without Adjustment for Seasonal
Variations
INDEX, 1937-39 = 100
200
A
175
/\
SALES.1
125
[Thousands of short tons]
TT
Total fiber consumption
Wood pulp
Manila stock 3
Rags
Waste paper.
Straw
Other fiber 5
1929
1939
19411
11,574
2 6, 289
129
739
3,842
575
14,176
2 8, 650
64
468
4, 366
513
115
18, 575
10,800
18,000
11,100
550
6, 500
575
150
550
5,700
500
150
19421
I
1
Estimated.
2
Does not include non-paper-making wood pulp consumption.
3 Includes rope, jute, bagging, etc.
4
Due to war requirements for cordage, the use of manila fibers for paper has been
curtailed.
6
Includes cotton and similar fibers.
6
Not reported.
Source: U. S. Department of Commerce—1929 and 1939, Bureau of the Census; 1941
and 1942, Bureau of Foreign and Domestic Commerce.
shows the large quantity of waste paper and other
fibrous materials in addition to wood pulp, which are
used in the production of paper and paperboard.)
Both the privately financed and the Government
# *»**^1*INVENTORIES
(END OF MONTH)
^JT
100
Item
V
,
I
1 1
1 1 1
1940
!
1 1
i
i
i
i
i
!
1941
i
I
i
i
i
i
!
1 1 1 1 1
1942
1 1 !
1
PO.42-4SB
Sources: Indexes were computed by the U. S. Bureau of Foreign and Domestic
Commerce and are based upon data reported to the U. S. Bureau of the Census.
were able to reduce the backlog of unfilled orders
accumulated during the months of peak buying and as
a consequence production also dropped from around
100 percent of capacity in April to around 70 percent
in July.
This downward trend was largely due to the conversion of many consumer-goods industries to war products
and the heavy inventories accumulated in the warehouses of most consumers and distributors. (See
chart 3 which shows the trend in wholesalers'
inventories.)
December 1942
SURVEY OF CURRENT BUSINESS
Current Developments.
Following the low points in both demand and production reached in July, which were in part seasonal,
a moderate recovery took place in August and September. However, October witnessed a sudden sharp rise
in new orders up to around 90 to 100 percent of capacity. This rise was brought about by a combination
of factors such as increased needs for direct and indirect war purposes, speculative purchasing caused by
expectations of WPB action on curtailment of production, gradual dwindling of large inventories of consumers accumulated over the previous several months,
and a general seasonal pick-up. By the end of October
production of paper (exclusive of paperboard or newsprint) increased to over 90 percent of capacity (about
9 percent above September) and for paperboard about
85 percent of capacity (about 13 percent over September), both on a tonnage basis.
The first step in the curtailment of paper and paperboard production in North America and the use of
paper products was taken the last day of October by
what is now commonly referred to as "the paper freeze
order."
Production of all papers and paperboards (except a
few designated building boards and specialty products)
in the United States is limited each month, beginning
with. November, to an amount not in excess of the
monthly average production of individual mills for
the 6-month period, April to September, inclusive.
Similar action in Canada froze the production of newsprint and magazine paper at the same 6-month average
level.
This action was taken simultaneously by the War
Production Board under General Conservation Order
M-241, and Canada's Wartime Prices and Trade
Board under orders A-454 and A-455, effective November 1, 1942. Officials of both the War Production
Board and the Wartime Prices and Trade Board anticipate further curtailment in paper and paperboard
production in the near future.
Regarding these orders the United States War Production Board stated in part: "The immediate freeze
of production is the first step toward a balanced program of further reduction and concentration of the
industry on an international basis. The ultimate object is to reduce the production of paper products down
to an essential level, and thereby to release for war
purposes, labor, power, transportation and materials.77
Other significant features of the United States
"freeze order" were: Restrictions on distributors7 and
consumers' inventories to a 90-day maximum; no
mills to resume operations which were not in operation
since August 1, 1942; and the option for companies
operating more than one mill to submit proposals to
the War Production Board for combining production
quotas. This latter point is especially interesting
since it offers considerable possibilities for the adoption
495973—42—3
17
of efficient plans for "voluntary concentration" being
submitted by industry for consideration of the War
Production Board.
In addition to the paper-freeze order discussed above,
other far-reaching Government orders have been issued
in recent weeks. General Preference Order M-251
authorizes the War Production Board to control the
Nation's pulpwood supplies whenever need arises in
any area; OPA Order M. P. R. 257 placed ceiling prices
on pulpwood in the Lake States; WPB Limitation
Order L-209 places closer control over copper wires
for Fourdrinier and cylinder machines; while ODT
Order 21 requires certificates of necessity for trucks
hauling pulpwood, pulp, paper, or other commodities
after November 15. Revision of L-120 increases the
effectiveness of the standardization and simplification
program for a group of fine papers. Last, but not
least, the new Controlled Materials Plan (C. M. P.)
may eventually play a very important role in the
operations of the industry, although it is yet too early
to indicate an}^ details of its probable effects.
Pacific Northwest Problem.
The situation which has developed in the pulp and
paper industry in the Pacific Northwest area is perhaps
a forerunner of similar difficulties liable to be encountered in other producing areas. During the summer
months labor shortages were handicapping woods
operations while at the same time demands for logs
by the sawmills were increasing. Lumber was designated as a critical material, thereby justifying the sawmills in seeking priorities on available log supplies.
During this period pulpw^ood inventories at pulp mills
were dwindling to a point where the production of
high alpha, dissolving and other essential pulp grades
was seriously threatened.
•i
The situation became acute following action by
British Columbia on September 1, restricting the exportation to the United States of western hemlock and
certain other species of logs commonly used by pulp
mills. Following temporary and voluntary measures
to ease the situation, the War Production Board issued
pulpwood Order M-251, effective October 26, 1942.
This order was immediately followed by issuance of
Schedule 1 to M-251 which declared the Puget Sound
area a "critical pulpwood area"; defined the area and
the types ol pulpwood termed "critical"; and froze the
pulpwood inventories of mills in the area.
Under M-251 pulpwood was withheld from three
pulp mills in the Puget Sound area and reduced allocations of logs were granted to the remaining Puget
Sound mills. This resulted in a concentration of
production in the area, thereby providing sufficient log
inventories for the mills manufacturing high-alpha,
dissolving and other essential pulps.
Due to the similarity of factors operating in the adjacent Columbia-Willamette area it appeared advisable
for the War Production Board to take some action
18
SURVEY OF CURRENT BUSINESS
before the situation in that area reached dangerous proportions. Consequently, Schedule 2 to order M-251
was issued. Schedule 2 declares the Columbia-Willamette area "critical/ 7 defines the area and types of
pulp wood termed "critical" and provides for the allocation of pulp wood in this area where and if the War
Production Board determines that such allocations are
needed.
To compensate for the reduced west coast production
of paper-making pulps, part of which was formerly
shipped to eastern paper mills, the War Production
Board through application of the wood pulp allocation
order M-93, has found it desirable to direct numerous
changes in the distribution of pulp to consumers and, in
particular, to withhold west coast paper-making pulps
for use of west coast paper mills and to meet Lend-Lease
and export commitments. The only pulp currently
moving East will consist of high-alpha and dissolving
pulps which are consumed largely in the rayon industry
and in the nitrating plants for ordnance purposes.
Outlook for Future.
For November, and future months, production of
paper cannot exceed 87 percent of capacity, and for
paperboard not more than 78 percent, which were the
relative average monthly operating ratios for the
industry in the base 6-month freeze period as reported
by trade associations. However, since some mills,
especially in the paperboard industry, were shut down
in August, September, and October (and according to
the freeze order cannot again resume production) the
actual "future capacity" of the industry will be less
than cited unless additional exemptions to the order
are issued.
Public announcements of the War Production Board
indicated that an over-all plan for the integration of the
pulp and paper industries of Canada, Newfoundland,
and the United States will soon be applied. Such a
plan will undoubtedly encompass curtailment and concentration in specific types of pulp and paper production and limitation orders on production or consumption of specified end products such as boxes of certain
types, newspapers, magazines, wrapping papers for
civilian uses, and a multitude of others. One of the
first orders on paper end products (General Limitation
Order L-177), issued November 13, 1942, restricted
production of wallpaper in the 1942-43 season to not
more than 50 percent of the 1941-42 season, limited
the number of patterns to be produced, and laid down
other specified restrictions.
The chairman of the War Production Board o I
November 19 disclosed at a press conference that
December 1942
Table 5.—Production and Apparent Consumption of Wood
Pulp and Paper and Paperboard, 1937, 1939, 1941, and 1942
[Thousands of short tons]
Item
1937
1939
1941 1
6,573
12, 837
976
518
1,510
578
2, 053
540
138
608
5,802
114
6,993
13, 510
954
540
1,535
595
2,239
666
122
659
6,105
95
10, 000
17, 225
1.000
650
2,000
700
2,700
975
100
750
8,250
100
10, 500
16,100
950
550
1,800
700
2,650
950
100
750
7,550
100
8,645
15, 798
8,880
15,930
10, 800
19, 750
11,100
18, 400
1942 1
PRODUCTION
Wood pulp
Paper and paperboard
Newsprint
Groundwood printing...
Book paper
Writing paper
Wrapping paper
Tissue paper
Absorbent paper
Building paper
Paperboard
Other paper
APPARENT CONSUMPTION 2
Wood pulp
Paper and paperboard.
1
2
Estimated.
Apparent consumption equals production plus imports minus exports; no adjustment for stocks.
Source: U. S. Department of Commerce—production, 1937 and 1939, Bureau of the
Census; other data, Bureau of Foreign and Domestic Commerce.
production of paper may be curtailed anywhere from 50
percent of recent output for one type to an expansion of
5 percent for another type. In this connection it is
interesting to observe the experiences of Great Britain.
Restrictions in England.
It is estimated that aggregate consumption of paper
and paperboard in England has been reduced to around
40 percent of pre-war levels, while in the case of news
bulletins, magazines or similar periodicals, the most
recent order restricts consumption to 6K percent of the
pre-war. Newspapers are limited to 15 percent of
pre-war cor. sumption. These figures indicate the
degree of curtailment which is possible under "all-out"
war conditions.
However, conditions in the United States cannot be
likened exactly to those in the United Kingdom. The
British paper industry depends in large measure upon
imported raw material requiring ocean shipping space,
whereas in this country we are practically self-sufficient
and the relative need for curtailment and restriction
in use is not strictly comparable.
On the other hand, the present rapid expansion in
development of new uses of paper as substitutes for
critical materials wall require that careful consideration
be given to the degree of aggregate curtailment of
pulp and paper production. Such developments, moreover, are likely eventually to bring more rigid controls
on nonessential civilian uses of paper than might otherwise be necessary. The outlook for pulp and paper
supplies definitely calls for immediate conservation in
the use of all types of paper and paperboard even though
no acute shortages appear imminent.
19
SURVEY OF CURRENT BUSINESS
December 1942
Residential Vacancies in Wartime
United States
By Keith W. Johnson
T
HE PROPORTION of dwelling units vacant serves
to indicate certain general relationships between
supply and demand in the housing market. It also
throws light on some of the regional housing problems
which are arising during the present period of extensive
labor migration. This article discusses the general
trends of urban vacancy rates in the United States for
recent years, as measured by newly developed data
published here for the first time. While figures of
comparable scope are not available for years earlier
than 1930, a review of the housing situation and of
vacancy trends during and after the last war lends
perspective to the present picture.
Eventually, however, the needed housing units were
built. By the latter part of the 1920 decade considerable
overbuilding had taken place.
Housing Utilization During Depression and Recovery.
Twenty-five years ago, war production attracted
workers to the larger cities of the United States.
Rising money incomes enabled these workers to bid
against one another for a supply of housing that could
not immediately be increased in proportion to demand.
Hence, a larger percentage of houses and apartments
was occupied and the percentage vacant decreased
sharply. At the conclusion of hostilities in 1918,
Table 1 and chart 1 indicate that by 1930 a surplus of
dwelling units existed, for the urban vacancy rate was
relatively high. Urban residential construction virtually ceased in the next few years, but the urban vacancy
rate rose still higher and reached a peak in 1933. At the
same time, a definite though not precisely known
decrease took place in the number of vacant dwellings
on farms, for thousands of city families migrated away
from the centers of unemployment in our large cities
and sought to obtain at least a subsistence from agriculture. The proportion of urban dwelling units vacant
was also ID creased by the fact that many of those families who remained in cities doubled up with other families when they could not afford to live in a house or
apartment of their own. Although the population still
increased, new family formation and particularly new
household formation declined, with the result that the
demand for housing was slack.
Chart 1.-—Percent of Urban Dwelling Units Vacant on
January 1 Each Year
Table 1.—Percent of Urban Dwelling Units Vacant, as of
January 1, 1930-42 l
The Housing Situation and World War I.
January 1—
1930
1931
1932
1933
1934
1935
1936
1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942
O.O. 42-493
Source: U. S. Department of Commerce.
residential building was at low ebb, and vacant dwelling
units were scarce until several years after the war.
Though new construction increased to boom proportions
in the middle 19207s, a sufficiency of housing could not be
created immediately. The building industry was unable
to produce enough new dwelling units per year to add
more than a few percent to the existing housing suppi}r.
i Prepared under the general supervision of S. Morris Livingston and with very
considerable aid from Alma H. Vallin and Dorothy S. Coleman.
Percent
vacant for
sale or
rent
6.6
7.3
8.0
8.9
7.5
5.9
4.8
January 1—
1937
1938 ._
1939
1940
1941
1942 .
..
__
Percent
vacant
for sale or
rent
4.3
4.2
4.2
4.2
3.7
2 2.8
1
Data are based on trends obtained from weighted averages of vacancy rates for
individual cities, using figures resulting from interpolation for periods in which
vacancy surveys of a city had not been made. The surveys used were those made for
the National Housing Agency by the Work Projects Administration for several
hundred cities for 1940-42 and surveys sponsored locally for about 50 cities for 1930-40
(see footnote 2 of this article). Dwelling units under construction are omitted. The
figures are adjusted to allow for the less fluctuating vacancy rates characteristic of the
smaller cities not covered by the basic data. The trends are adjusted to the level of
the 1940 Census of Housing. After allowance for dwelling units vacant but not for
sale or rent, the 1930 figure agrees with that indicated in M. H. Naigles, "Housing
and the Increase in Population," p. 12. The 1934 figure agrees substantially with
that of the Real Property Inventory. The 1933 figure was adjusted downward 0.1
and the 1937 figure upward 0.1, after which the vacancy series yielded a reasonable
series of annual increases in the number of occupied households (the number of occupied households is obtained from the total number of dwelling units by subtracting the
proportion of the latter that are vacant).
2 Figure for March 1.
As table 1 indicates, economic recovery following
1933 reversed the trends of the previous 3 years.
Urban housing was in greater demand and, in spite of
an increase in new construction, the urban vacancy
rate fell rapidly until 1937. Vacancies on farms in-
SURVEY OF CURRENT BUSINESS
20
creased somewhat during this period, 1933 to 1937.
From 1937 to 1940 the general occupancy and vacancy
picture remained unchanged, since new construction
kept pace with new demand.
Sharp Wartime Decrease in Urban Vacancies.
With the inauguration of the defense program in
1940, wartime housing conditions began to develop.
The urban vacancy rate declined, as table 2 shows, and
is now at the lowest level in two decades. For cities
of 25,000 or more population, the proportion of dwelling
units vacant declined from 4.6 percent in April 1940 to
2.4 percent in mid-1942. For cities of over 500,000
population (except New York) the decrease was even
greater, from 4.6 percent to 1.8 percent. As successively smaller and smaller cities are examined, less pronounced decreases are found. This is the result of the
generally greater concentration of war production in
larger than in smaller cities. New York City, however,
enjoyed a lesser stimulus in proportion to its size than
most other larger cities.
Table 2.—-Percent of Urban Dwelling Units Vacant, by Size
of City, 1940-42 1
1942
1941
Size of city
5,000,000 or over 3
500,000 to 5,000,000
100,000 to 500,000
25,000 to 100,000 (approximate)
--- - All cities over 25,000- 2,500 to 25,000
Total urban (approximate)
1940,
April
census
JanuaryApril
7.3
4.6
4.1
3.0
3.0
3.6
4.6
MayAugust
SeptemberDecember
JanuaryApril
MayAugust 2
5. 6
l.S
1.7
2.4
2.6
5.8
1.9
2.3
2.8
2.5
2.2
2.0
1.9
3.4
3.0
2.7
2.5
2.4
3.5
3. 2
2.9
2.8
2.7
1.8
2.0
3.5
4.2
1
T h e April 1940 figures are based on the Census of Housing. T h e other figures
are weighted averages of vacancy rates for individual cities, using figures obtained by
interpolation for periods in which vacancy surveys of a city had not been made.
T h e surveys used were those made for the National Housing Agency by the Work
Projects Administration. Dwelling units under construction are "omitted. T h e
figures are adjusted to allow for the probable rates in areas or cities not covered. Surveys covered all 13 of the cities of 500,000 to 5,000.000. and 74 out of the 78 cities of
100,000 to 500,000 population. Surveys covered 178 out of the 320 cities of 25,000 to
100,000 population and vacancy trends for 59 more were estimated from the surveys of
the largp cities in the metropolitan areas to which these 59 cities belonged.
2
Preliminary.
*
'""RS'-ss
3
New York City. T h e 1941 figure is based on trends for Brooklyn, Queens, and
Richmond boroughs, the 1942 figure, on trends for Brooklyn and Queens.
December 1942
population.2 From 1940 to early or mid-1942, the
vacancy rate fell markedly in every city of over 175,000
population, as well as in three-fourths of all cities of
from 100,000 to 175,000 population. In only 5 out of
88 cities of over 100,000 population did the vacancy
rate rise above the 1940 figure.3 By the middle of 1942,
about 6,000,000 people lived in cities having a vacancy
rate of under 1 percent, while approximately 30,000,000
lived in cities having under 2 percent vacancy.
Recent Vacancy Trends Reflect Migration and Income.
During the period 1940-42, increased employment in
war-production centers not only stimulated migration
to large cities but also increased the total number of
home seekers as well as their purchasing power. The
formation of new families, which had already increased
greatly during the latter half of the 1930 decade, reached
a peak during the period of rapid expansion in war
production. Hence, many once-vacant dwelling units
as well as thousands of newly built units, became occupied. Many more thousands of homes could have been
used in war-production areas.
Notwithstanding vacancy rates that are now low,
there are certain respects in which the unsatisfactory
housing conditions characteristic of deep depression
are duplicated during the present war. Thus despite
war prosperity, thousands of families have had to
double up with other families and an increasing number
of families have been forced to resort to living in trailers, tents, shacks, and other makeshift dwellings. In
the urban housing market the* difference between wartime prosperity and peacetime depression is that during
a depression we have sufficient housing but cannot
afford to use all of it while during a war we can pay
for more housing than we can obtain. Thus, paradoxically, in either case a considerable proportion of the
population is inadequately housed.
A Lower Limit to Vacancy Rates.
Many of the low-vacancy rates in American cities
suggest that what is usually considered a normal ratio
between housing supply and the number of families
seeking housing is at present far from being maintained.
The vacancy rate need not drop to zero in order for conThe distribution of vacancy rates by size of city was gestion and doubling up to reach unbearable proporaltered somewhat between 1940 and 1942. The very tions. Furthermore, the mere existence of a few unocsmall cities on the one hand and New York City on the cupied dwelling units does not prove the existence of a
other hand still have higher than average vacancy surplus of housing.
levels. In the cities between these two extremes,
2 The 1910 Census of Housing gives vacancy rates for April 1940 for all cities of 2,500
recent trends show greater decreases in vacancy among or over.
The trends of vacancy rates for numerous individual cities from 1928 to 1940 were
large than among small cities. These trends have
published in the following reports by S. B. Barber: "Urban Residential Vacancies
obliterated the earlier tendency for vacancy levels to 1930-38," Survey of Current Business, August 1938; "Residential Vacancy Surveys,
be lower for successively smaller and smaller cities. 1928-39" (Bureau of Foreign and Domestic Commerce, May 1940); "Trends in Residential Vacancy, 1938-40" (Business Information Service, Bureau of Foreign and
The cities that have received the great bulk of wartime Domestic Commerce.)
Vacancy rates for several hundred individual cities from 1940 to 1942 were reported
migration, whether large or small, now all tend to have
in Work Projects Administration memoranda. On August 31, 1942, this work was
much the same near-rock-bottom level of vacancies.
transferred to the Bureau of the Census, which now releases occupancy and vacancy
Table 3 indicates the available data on recent trends data in its "Current Surveys" (Series HO and HV).
3 W. P. A. surveys were not made in Yonkers, N. Y., Scranton, Pa., Canton, Ohio,
in vacancy rates for individual cities of over 100,000 or Miami, Fla.
21
SURVEY OF CURRENT BUSINESS
December 1942
Newly constructed units frequently are vacant for a
time before being occupied. Dwelling units that are
either substandard, unfit for habitation, or too expensive for most families may remain vacant in spite of
local housing shortages. Other vacancies may occur
because available houses are of unsuitable size, arrangement, or, especially since gasoline and tire rationing,
poor location. Finally, some vacancies are the result
of normal turn-over of tenants.
All of these factors suggest that the minimum
tolerable vacaacy rate must be appreciably above zero.
The exact level of this minimum would vary from city
to city and would tend to be higher in larger cities. It
is perhaps in the vicinity of 0.5 to 0.8 percent vacaacy
in most cities of over 100,000 population. In the light
of these considerations, it would appear that the vacancy
rates indicated in table 3 for many American cities are
already at or near rock bottom.
The greatest need for rent control has been found in
those cities having the greatest scarcity of housing as
Table 3.—Percent of Dwelling Units Vacant for Cities of Over 100,000 Population, 1940-42 l
1940
City
1941
1940
1942
Apr. May- Sept.- Jan.- May- Sept.- Jan.- M a y census Aug. Dec. Apr. Aug. Dec. Apr. Aug.
NEW ENGLAND
Massachusetts:
Boston (and Brookline).Cambridge ._ . . Fall River
Lowell
New Bedford.
_ _
Somerville
Springfield
_
Worcester
Connecticut:
Bridgeport
Hartford
New Haven
Rhode Island:
Providence
New Jersey:
Camden
Elizabeth, area 5
Jersey City (and Bayonne).
Newark
Paterson, area 5
Trenton
Pennsylvania:
Erie
Philadelphia
Pittsburgh,
. .__
Reading
Scranton
4.3
2 2.9
2
2
6.5
4.4
1.4
2.5
2.9
3 6
4.5
2. 1
2
2 3
0.8
1.2
2.1
1 8
3.5
0.9
6
3.1
2. 4
1.0
3.3
1.6
2 0
continued
3.2
2 1.9
2.9
2
1.0
5
3
7
3
4
4
5
9
4
3
8
1
1
3
1.1
1 0
3 0
3.7
5.3
1.0
4
1 8
1 6
1 4
2 5
o g
1.6
1 5
3. 6
2.0
2.6
2.1
2 2
2.9
1.7
1 l
1.2
1.5
7
.8
.9
2.1
1.4
6 1.6
1.9
1. 5
5.7 —
2.9
1.9
3 7
2.5
6 3.0
1.6
1.7
1.5
1.4
2.0
1.9
1.6
2.4
1.3
3.6
2 0
3.8
2 4
3.5
2 5
3 0
3 1
1.4
1.1
1.4
1 4
2.3
6 2.1
3.3
.8
3.4
.8
1 4
.9
1.5
98
2 9
3.0
3 0
2.0
4.8
2.6
2.0
6 9 7
4.0
1. 1
2.9
2.0
2.0
Maryland* Baltimore
District of Columbia:
Washington
Delaware: Wilmington
Virginia:
Norfolk
Richmond
North Carolina: Charlotte.
Georgia: Atlanta
Florida:
Jacksonville
Miami
Tampa
.8
1.4
2.7
3.0
2.7
1. 7
3.1
6 g
1.7
5 4
2 6
.9
62 0
o
1 1
g
1.0
1.3
I
1
3.3
10.5
4 0
1.6
2.4
2.5
2.4
2.6
1.8
1.8
6 2.3
2.3
.7
2.0
4.4
1 5
2.7
.9
7
l.fi
1 8
~~~I.~3
2.2
1.0
2 3
A
3.4
1.1
1 2
7
4.9
2.4
1.4
1 4
4.3
2 6
3 2
2.5
3 4
2 4
1.3
1.0
3 0
1.4
9 2
3.1
2.9
2.2
1.7
.6
.6
1.8
1.9
1.6
.7
.8
Louisiana* New Orleans
OklahomaOklahoma Citv
Tulsa....
Texas:
Dallas
Fort Worth
Houston _____
.4
3 5
1 4
5.9
5 4
2.4
6 7
9 2
2.9
2.3
3.7
1.1
2.9
2.1
3.3
1.1
1.1
2.0
3.8
1. 5
5 9
5.1
5.0
5 4
4.9
4.6
Colorado: Denver,
Utah: Salt Lake City
4.1
3.8
PACIFIC
1.8
4 1
3 4
3 2
3 9
Kentucky: Louisville
Tennessee:
Chattanooga
Knoxvilla
Memphis
Nashville
Alabama: Birmingham
MOUNTAIN
1.0
1.2
3 1
2.2
6 2.0
.9
1.6
.8
2 4
1.2
3 2
1 4
WEST SOUTH CENTRAL
3.4
.8
1.0
2.9
1.0
53
40
2 9
3 9
EAST SOUTH CENTRAL
2.4
2.2
3.5
4.2
1 3
56
1*8
2 0
8
2.6
o r
33
8
2 2
6
3.8
2.0
4.7
2.4
2 6
1.8
7
3 5 g
17
35
SOUTH ATLANTIC
3.7
5 5
9 g
3 9
5 \
4 1
.7
6
1.1
3.1
Iowa: Des Moines
Missouri:
Kansas City
WEST NORTH CENTRAL
Minnesota:
Duluth
Minneapolis
St Paul
1942
Apr. iMay- Sept.- Jan.- May- Sept.- Jan.- Maycensus Aug. Dec. Apr. Aug. Dec. Apr. Aug.
8 1
I 5
.7
.8
EAST NORTH CENTRAL
Ohio:
Akron, area 5
._
Canton
Cincinnati
Cleveland
Dayton
_
Toledo
Youngstown, _
Indiana:
Fort Wayne
Garv (and Hammond) _ _
Indianapolis- ...
South Bend
Illinois:
Chicago
Peoria
Michigan:
Detroit
Flint
Grand Rapids
Wisconsin" Milwaukee
1941
WEST NORTH CENTRAL—
MIDDLE ATLANTIC
New York:
A It)an v
Buffalo
New York
Rochester
Svracuse
Utica
City
Washington:
Seattle
Spokane
Tacoma
Oregon* Portland
California:
Long Beach
Los Angeles, area 5
Oakland
Sacramento
San Diego, area 5
San Francisco
5 8
6.5
4 8
5 8
6 3.0
5.3
5.0
2.0
1.2
1 9
2.0
3 1
1 4
9.0
6.4
3 Q
4 5
6.3
6 9
1 1
2.8
3.6
4.5
4.7
2.2
5 3
1.7
3 2
.8
2.2
1.0
3.4
1
Data for April 1940 are from the Census of Housing. The other figures are based on surveys made for the National Housing Agency by the Work Projects Administration, with some alterations and recalculations as indicated by footnotes. Dwelling units under construction are omitted.
2
Calculated from trends for northern suburbs of Boston.
3
Calculated from trends for Brooklvn, Queens, and Richmond boroughs. Manhattan and Bronx boroughs were not surveyed.
4
Calculated from trends for Brooklyn and Queens boroughs.
5 Includes data for surrounding suburbs as described in the original source.
6
Estimated units under construction omitted.
7
South Bend area.
22
SURVEY OF CURRENT BUSINESS
December 1942
indicated by vacancy rates. Housing scarcity, of course,
produces a seller's market, in which landlords can obtain
and home seekers will offer to pay higher rents.
In spite of some recent small increases in vacancies in
many cities, there is little reason to expect any substantial alleviation of housing shortages, or any appreciable increases in the number of vacant dwelling units,
Geographical Variations in Vacancy Rates.
until a considerable time after the present wartime
While urban residential vacancies decreased in
restrictions on residential building have been removed
practically every part of the country, the greatest
Even then, with the large volume of potential and supdecreases occurred in that geographical division having
pressed demand which may become apparent in the
the most room for decrease, namely, the Pacific States.
housing market, it will require considerably more than
The New England and Middle Atlantic States were not
a 1-percent increase in the number of housing units
far behind. However, because the East North Central,
before vacancy rates can rise by as much as 1 percent.
East South Central, and South Atlantic States (except
To house only those families able to pay for housing
Florida) already had the greatest housing scarcity and
but now forced to double up with other families or to
the lowest vacancy rates in 1940, a somewhat moderate
live in trailers, tents, and shacks, will require a condecline in vacancies continued to give them the lowest
siderable increase in the housing supply which would not
vacancy rates and greatest scarcity of housing in 1942.
add appreciably to the number of vacant-dwelling units.
Housing Shortage to Continue.
If a high level of production and employment can
As tables 2 and 3 indicate, the decline in vacancy be maintained after this war, the cessation of hostilities
rates has been less rapid in recent months than it was may not result in any pronounced migration away from
in 1941. Since vacancy rates in most large cities are our overcrowded industrial centers. Hence, the present
not far above rock bottom, there is every reason wartime housing problem may survive as a post-war
to expect that this slowing up in the rate of decrease problem or, alternatively, as a post-war opportunity.
will continue. Housing conditions in cities of 100,000 The present housing shortage points strongly to a
or more population cannot become much tighter. potential future building boom.
NEW OR REVISED SERIES
TABLE 19.—DEPARTMENT STORE SALES—ATLANTA FEDERAL RESERVE DISTRICT
[1935-39=100]
Without adjustment for seasonal variation
Adjusted for seasonal variation
Month
1935
January
February
March
April
May
June
July
August
September
October
November
Decem ber
Annual index
..
.
.
_.
64
74
86
86
79
69
58
67
85
94
100
156
85
1936
69
83
92
95
93
84
70
80
99
113
114
180
1937
84
94
HI
1938
1939
1940
1941
102
106
88
72
85
111
119
111
180
83
95
101
105
97
82
72
83
107
117
116
190
87
99
112
113
107
96
80
94 j
119 '
125
129
217
90
107
132
114
117
101
83
102
131
128
148
234
104
115
123
1935
101
117
131
142
140
120
108
142
158
145
177
253
106 i
1942
1936
1937
1938
1939
1940
1U1
1942
145
97
94
102
105
106
109
106
108
103
108
105
101
101
105
108
103
106
108
108
102
102
98
100
106
108
112
113
112
112
114
109
111
111
110
111
115
118
127
116
121
129
119
118
116
117
120
124
120
135
137
130
132
134
141
142
138
151
167
149
137
160
146
164
144
150
153
147
143
162
169
161
173
1
Revised series compiled by the Federal Reserve Bank of Atlanta. The revision involved the inclusion of data for 31 additional reporting stores, adjustment of the ind ex
to the 1939 Census of Retail Distribution, the development of a new system of weights for combining the individual city series into the district index, and revision of season
;onal
adjustment factors. Data prior to 1935 were not revised and are correct as published in the 1942 Supplement and on p. 16, table 53, of the December 1940 Survey.
Footnotes for table 20, pp. 2 3 and 24
1 Revised series compiled by the U. S. Department of Labor, Bureau of Labor Statistics. The indexes of waee earner employment and weekly wages (formerly designated
employment and pay rolls) have been completely revised beginning January 1939 and arc based on an average of the year 1939 as 100 instead of on an average of the years 1923-25, as
formerly. The industry classifications have been revised to conform with the df finitions of the 1&3(J Census of Manufactures and of the Standard Industrial Classification Manual.
The indexes for all manufacturing and for the major groups, and the corresponding employment estimates released by the compiling agency and presented here for a recent period
on pp. S-8 and S-9, have been adjusted to the levels indicated by final 1940 and preliminary 1941 data compiled by the Bureau of Employment Security of the Federal Security
Agency. Data for the individual industries are extended from averages of data from the 1939 Census of Manufactures. In building up the composite figures for the major
industrial groups, for the durable-goods and nondurable-goods groups, and for all manufacturing, each component is given its proper weight as indicated by the estimate for
the month concerned.
In revising the industry classifications certain industries were shifted between groups and subdivisions were made of certain industry groups or industries formerly shown
as a single classification or single group. The major changes affecting the selected series shown here are as follows: Foundries (gray-iron and malleable-iron) and the powerboilers industry, heretofore included in the "Machinery, excluding transportation" group, are classified in the "iron and Steel" group; automobiles, formerly a part of the
"Transportation equipment" group, is shown separately as a major group; the former "Lumber and allied products", "Machinery, excluding transportation equipment",
"Chemical, petroleum and coal products", "Paper and printing", and "Textiles and their products" groups have been subdivided; the sub-group, "Blast furnaces, steel works,
' and rolling mills" has been revised to exclude steel castings, which is now shown as a separate industry in the original reports. The new "Electrical machinery" group includes the former "Electrical machinery, apparatus, and supplies" and "Radios and phonographs" industries. The new sub-group, "Machinery and machine-shop products",
is largely composed of construction, mining, special industry machinery other than food-products and textile machinery, and general industrial machinery;" Women's clothing"
includes women's, misses', children's, and infants' outer clothing, underwear, and nightwear; "men's clothing" covers suits, coats, overcoats, and trousers, including work
and sport clothing; "Chemicals" includes the Census classification "Chemicals, not eslewhere classified", and also the "Coal-tar products, crude and intermediate" and "Plastic materials" industries.
It should be rioted that manufacturing plants converted to war production are being continued under their peace-time classifications.
The new indexes on a 1939 base are available only beginning 1939. Indexes on a 1923-25 base for 1937 and 1938 and the average for 1939 are being revised to trends indicated
by the 1939 Census of Manufactures; in addition, industry classifications are in some cases being revised as far back as available to conform to classifications now shown.
2
Data for the indicated war-related industries are not available for publication after November 1941; the 1941 monthly average covers 11 months.
23
SURVEY OF CURRENT BUSINESS
December 1942
TABLE 20.—INDEXES OF WAGE-EARNER EMPLOYMENT AND OF WEEKLY WAGES IN
MANUFACTURING INDUSTRIES 1
[1939=100; unadjusted for seasonal variation]
91.3
92.
94.3
94.7
94.5
94.9
94.7
97.
102.1
111.9
115.8
115.4
100.0
104.0
104.2
103.8
102. 6
102.1
102.5
103.1
107.8
112.2
114.8
116.0
117. 4
100.0
110.
109.2
109.2
108.9
109.5
110.3
109.3
113.7
120.3
125. 3
129.0
131.5
107. 5 115.5
136.5 132.3
119.3 135. 6
138.
121
124.6 143.
127.1 147.8
130.2 152. 2
133. 3 155. 5
136.2 156. 8
138.9 161.1
139.0 163. 3
138. 4 164.2
138.3 164.5
88.5
90.7
92.8
93.1
93.0
95.4
90.3
96.5
103.4
116.8
118.0
121. 5
100.0
114.3
112.9
114.1
113.9
114.4
117.6
113.
123.8
133.8
143.5
146.1
153.8
125.1
154.6
163.
170.3
177.1
193.0
205.6
204.4
210.9
218.7
228.9
228.0
236.0
199.3
a
100.0
160. 6
162. 6
167. 9
174. 7
188. 8
205. 7
222. 1
245. 5
265. 7
290. 4
310. 8
330. 7
100.0
112,
116
123.3
125. 0
129. 5
133. 2
139.3
148.4
154.5
162.5
168. 3
182.6
100.0
111.0
108.9
108.4
107.2
106.9
108.1
109.0
116.3
123.1
129.2
133. 9
135. 5
155.1 115.5 173.3
227. 1
355. 6
377. 1
392. 7
418. 4
444. 9
474. 1
510. 4
557.31
603. 5
650. 6
141. 3
199.0
212.9
227.5
247.0
260.0
283. 4
317.4
329.2
116.5 105.3 103. 8
104. 7
109. 5
110.3
111.8
114.5
115.8
119.2
124.9
127.5
127.3
126.6
122.3
121.0
103. 5
104. 2
105. 5
108. 0
108. 8
111. 1
115. 9
117. 1
116. 6
115. 1
109.9
108. 1
108.5
111.0
112.5
113. 9
116.2
119.3
121.7
123.7
123. 6
123.1
123.4
122. 4
497.6 302.8 148.6 119.2 110 3
110
h4. i)
87.0
89.5
91.8
93. 5
96.0
97.8
93.2
103.8
113.5
192 2
127.8
190.1
197.6
204.2
210.5
217.8
225.1
230. 0
233.8
237. 3
240. 4
243. 9
(2)
138.1
139. 9
141.7
143.1
145.1
146.2
137. 8
120.8
135.7
141. 1
142.5
128.5
252. 3
265. 9
279.3
298.
316.9
340. 3
369. 6
390.8|
429.2
465.4
495. 5
532. 6
163 1 221 n
86.4
92.5
95.6
95.6
97.3
99.8
97.0
98.8
98.9
106.1
113.3
118.7
100.0
117.7
120.5
124. 6
125.8
125. 6
127.5
126.7
129.4
132. 0
138.0
142. 3
156.8
130.6
162.6
172.2
181.4
197.3
213.2
224.8
224.6
232.8
238.2
244.9
241.7
(2)
259. 3
216. 8 216.1!
87. |
91.3!
93.3
92.0
94.
97.6
95.0
99.0
100.4
110.1
116.6
122. 5
100. 0
119.
119.5
121.
121.7
121.3
123.1
123.3
129.1
133.5
140.
144.3
160.5
129.9
163.5
171.5
180.9
193.6
212.4
227.0
225.0
237.2
240.7
250.6
247.3
263.1
Weekly Wages
73.3 102. 9 76.1
80.3 98.7 82.3
98.7 84.7
82.
86.5 101.4 87.7
91.8 90.2 95.7
94.3 90. 100.8
75.0 98. 5
94.
77.6 100. 7
91.
103. 106. 8 103.7
118.6 117.4 116.1
135.9 109.4 122.2
146. 3 131.0 131.5
100. 0 100.0 100. 0
147.7 122. 133.3
154. 7 121.8 138.4
160.9 125. 6 lf>0. 9
164.0 124.1 150. 8
165.5 113.8 158.4
173.1 114.7 167.8
175.9 83.4 176.2
173.1 100.5 199.8
189.9 132.3 219.9
201.3 159. 0 239. 3
203.0 162! 11 249! 0
225.2 156.2 281.8
177.9 126.4 188.8!
236.8 159.4 304.3
255.8 172.3 326. 9
263.9 176.5 345.7
269.4 159.9 372.2
289.8 185.4 415. 2
302.4 205.1 462.2
305. 5 172.4 512.2
316.2 152.3 558.3
330.4 175.0 619.0
340.7 194.1 694.6
342.3 194.1 735.9
164.3 846.9
217.7 295.7 175.9 516.1
64.9
69.7
72.6
78.9
87.5
99.6
103.8
108. 4
108. 0
121.3
139. 4
145.9
100.0
156.7
155. 6
167.1
172.2
185. 4
211. 6
222.8
265. 7
300.2
330. 7
357. 3
382.8
242. 3
422.0
459.1
476.1
508.6
552.1
584.1
644.8
734. 5
799.1
883.6
948.9
£37 K
136. 3
140.2
142. 3
144. 5
146.0
148.3
150.0
152.9
375.9 154. 5!
421.8 150.4J
155. 6i
155.6
100.0
99. 2
98. 3
98.8
100.1
102. 2
102.4
102. 9
108. 3
111.6
113.2
113.8
112.4
88.2 86.1
92.3 84.2
93.
86.5
91.2 92.8
92.4 100.1
91.7 104.2
89.2 95. 5
95.9 107.3
103.7 107. 4
119. 4 115.8
120. 5 114.6
122.1 105.5
100.0 100.0
115. 0 96.
110. 8 97.9
112.1 99.8
110.8 103. 2
111.2 107.5
113.0 107.6
113.1 102.4
126.1 116.
137.4 120.8
146. 8 124.7
152.7 119.1
160.9 119.5
125.8 109.7
157.5 117.3
163. 5 119. 9
167.4 123.5
169.7 130.5
181.6 132.1
188.5 142.9
189.5 147.8
199.6 162.6
204.6 158. 3
207.2 161.0
203.8 147.2
213.9 145.1
433 7 187.2 140.7
83.8
88.7
90.9
92.5
100.7
104. 5
101.0
98.6
103.6
110.4
108.4
116.9
100. 0
113.8
115. 3
130. 2
130. 3
138.7
142.9
148.7
163.1
176.0
189. 6
185.4
225.0
154.9
241.9
265. 9
289.3
315.0
347.4
407.1
472.2
501. 3
577.6
663.0
689.9
glass
clay,
aiid
products
ure
118. 3
138. 6
144.4
149.6
156. 7
164. 8
170.
176. 9
182. 4
185. 3
185. 9
186. 2
87.2
88.6
91.0
89.8
92.0
94.7
95.8
99. 5
106. 4
116.3
119.3
119. 4
100.0
114.6
112. 5
114.1
114.2
117.0
121.4
122.0
129.0
137.7
143.4
148. 4
160.2
127.9
162.5
174.5
185.2
192.2
215.6
224.7
235.6
244.6
248.0
251.9
250.5
91. 7|
95.0!
95.4
94.5
93. 5
95.8
97.2
101.0
104.8
109.4
112.0
109. 6
100.0
131.1
137. 7
144. 0
146.0
152.3
158.0
168.2
181.6
193.6
208.4
222.3
236.6
116.1
127.0
128.6
129.9
131. 8
134. 5
137.4
140.1
141.6
141.1
139.8
139.4
139.9
88.3
89.5
90.7
88.2
85.0
88.7
84.6
95.6
98.2
127.3
131.0
132. 9
100.0
123.1
114.0
105.6
102.5
107.5
119.0
121.1
129.7
132.5
135. 3
138.7
146.0
122.9
143.3
148.5
151.7
166.6
174.8
181. 5
182.8
183.9
178.5
180.6
182.2
183.4
171.5
02
100.0
118.0
115.1
116.4
114.1
112.0
107.0
84.9
89.0
118.1
132.7
139.2
139. 6
114.5
129.5
132.7
135.4
138.5
142.3
146.2
149.1
151.2
152. 7
152.1
151. 5
151.9
135.9
a
89. 4
91.
94.
99. 4
102. 6
101.6
99. 3
105. 5
109.3
108.7
114.0
100. 0 100 0
113.6 130. 9
115.0 136. 3
115.2 140.3
115.4 143. 8
115.0 147. 1
115.5 152. 3
116.7 156.0
119.4 157.9
122.3 164. 9
125. 6 171. 5
129.4 176.7
134.4 183.5
119.8
138.4
140. 5
144.6
153. 3
159.7
164. 9
169. 3
173.2
175. 4
177.2
178.8
181.3
15 £
fa
5
s
en
5
8
1
4
0
3
4
4
4
2
4
2
100. 0
110.2
108.4
108.1
109.2
110.8
112.7
114.0
118.9
123. 6
128.7
132.3
136.6
117.8 119.2
137. 5
140. 5
144.8
154. 9
160. 4
165.4
168. 9
171.1
172.7
173.8
174.2
177. 3
&
63
68
71
80
89
97
105
107
112.
120.
136.
148.
100.0
117.2
113.8
108. 5
105. 8
106.9
112.3
116.9
119.7
120.4
122.1
123. 8
125. 6
100.0
112.1
114.7
116.2
116.9
116.6
117.0
117.2
118.2
119.6
122.1
127.1
132.6
S
&
E
83. f:
85. 0
89.8
95. f
99.4
100. 7
100.8
105.9
113.2
113.2
120.6
128.3
100. 0
112.2
110.3
107.3
105.6
105. 9
108.6
111.5
115.8
119.1
122.9
125. 9
128.4
J2. b
£Z
107. 5
105. 5
105. 2
103.4
95. 3
93. 5
78.3,
72. 5
102.0!
111.2
105.1
120.5
94.7
95.6
96.0
96. 4
97.6
93.1
99.2
100.7
10"). 9
110.5
112.7
(
s
£
ned index
and
©
mb ned Index
ned index
a f t an d
excluding
gines)
Is*
93. 4 90.6
90.3
94.
95.8 90. 7
95.9 95.1
98.5
95.
93.9 100.6
93.4 101. 2
96.7 104. 5
102.4 106. 0
111.3 109.0
113.6 108.
113.6 105.0
92.
93. 2
94.0
94.0
93.0
94.0
93.6
95.3
99.3
112.6
118. 6
119.6
86.8
89.4
91.5
90.2
89.1
91.3
87.6
97.4
101.4
123.1
125.8
126.2
100.0
116.6
111.1
106.3
104. 5
106.8
113.7
115.8
125.0
130.2
136. 9
139.9
148.4
121.3
146.8
154.6
159. 9
170.7
182. 9
192.0
191.1
197.9
197.7
202.0
200.4
206.1
183.5
s
Wage Earners
90. 4 92.5
90.9 95.7
91.8 97.9
91.9 98.7
92.8 98.6
94.8 98.5
97.0 98.2
99.5 98. 2
105. 5 99. 8
114.2 103. 3
116.8 108. 0
114.
110.6
130.3 151.3 144.
1939: J a n u a r y . . .
_ 91.2
93.9
February
96.0
March
April
May
93.7
95.5
June.-.
93.6
July
100.0
August
104. 2
September
112.7
October
November- 112.0
113.4
December
Monthly average 100.0
: January
107.4
107.2
February
107.9
March
105.8
April
105.8
May
107.6
June
106.6
July
115.1
August
122.1
September
126.9
October
127.5
November
134.1
December
Monthly average 114.5
132.1
1941: January
139.5
February
144. 7
March
148.8
April
159.4
May
168.2
June
169.4
July
176.1
August
182.0
September
186.8
October
November.
_ 185.0
191.0
December.Monthly average 165.3
For footnotes see p. 22.
I
3
i manures except
ill wares
92.6
93.9
95.2
96.2
96.0
96. 7
95. 3
96. 6
103.0
109.8
111.7
113. 0
H
©
s
Textile-mill
products
and other
fiber m a n u factures
ned index
1939: January
February
March
April
May-1
June
July
August
September
October
November
December
M o n t h l y average
1910: January
February
March
April
May
June
July
August
September
October
November
December
Monthly average
1941: January
February
March
April
May
June
July
August
September
October
November
December
Monthly averI
aee
93.8
95.4
96.7
96.7
96.0
96.5
97.0
100. 5
104. 8
108. 1
107.7
107.0
s
Iff
Lumber
Furniture
and tim- and finished
ber basic
lumber
products
products
ned index
a
s
lobiles
c« « ©
ne tools
E
.2
Nondurable goods
Transportation
equipment except automobiles
Machinery
except electrical
ctrical machin
furnaces,
porks, and
ng mills
mfo ned index
Year and month
ned index
Iron and
steel and
their products
^__
goods
nfei rrous met als
their produ cts
]Durable
z
97. 8
99.0
98.5
96.1
96.0
95.4
97.2
99.9
100.7
106.3
108.1
104.8
97.9
99.0
98.6
97.4
95. 6
94.3
96.0
97.8
100.2
105. 8
105. 7
108. 6
100. 0
100.0 100.0 100.0 100.0
103. 8
102.1
101.9
100.3
100.9
101.1
99. 9
104. 0
108.2
111.0
111.2
111.6
104.4
103.0
102.6
99.9
101. 0
101.9
101.4
105. 2
109.4
112.0
112.2
112.7
102.0
101.4
96.4
94. 0
92.6
91.2
93.7
96.1
98.6
101.9
104.7
106. 3
100.0
107.6
107.2
103.4
101.9
99.6
97.5
98.8
99.5
102.9
106. 7
110. 1
112.8
98.2
105.7
107. 7
108.8
110.1
111.7
113.1
114.0
114.1
173.5
113. 5
113.3
113.6
104.0
113.0
115.1
116.3
117.5
119.3
121.8
122.4
123.3
123. 7
125.1
125. 5
125.6
113.7 111.6
120.7
86.1 93.
97.4
87.3 96. 100.1
98.2
92.9 99.
91.
94.2 94.
92.5
97.0 94.
93.0
101.1 95.
94.4
95.1 96.
102.8 103.4 99.4
104.0 105.1 100. 7
116.1 108.7 109.4
114.0 106.1 113. 4
109.5 105.4 109.
100.0 100.0 100.0
96.9 100.6 103.9
95.1 101.7 103.1
98.8 101.9 96.3
103.8 98.0 92.3
107.1 97.3 90.
105.6 97.7 88.9
103.3 99.9 93.8
111.0 106.6 99.2
115.7 110.7 103.8
120. 5 110. 7 109.3
120.4 109.3 111.1
124.8 114, ~ 116. 6
108.6 104.1 100.1
117.5 110.1 113..
121.3 115. 7 120.1
126.4 119.6 123.4
134.9 121.2 127.3
145.71 126.5 133. 7
149. 131.7 136.
147.41 135.1 139.0
157.11.142.0 140.7
159.8 146.1 145.0
164.6 145.6 147.8
159. 143.0 146.3
161.5 147.1 152.0
145.5 132.0135. 5
96. 3
97.9
97.4
94.1
92.7
90.9
92.8
95.6
101.3
107.7
116. 2
117.0
100.0
113.8
111.8
105. 9
103.1
99.9
95.5
100.0
102.3
109.1
115.5
118.0
125. 3
108.4
123.9
130.1
134.0
144.9
149.5
153.4
157.3
161.4
166.5
174.2
173.0
178.8
153.9
89. 91 94.8
90.3 96.6
7
90 g
j
90 C
95 9
99 5
100 8
101 1
103. 8
105. 0
108 3
108. 4
104. 8
92. 0
94.7
95.6
94.8
95.3
96.9
98.5
100.9
104.2
109.1
109.9
108.0
100.0
98. 5
97. 9
98. 5
99. 8
102. 5
102. 5
101. 8
107. 4
109. 8
110. 3
109. 5
107. 1
99.2
100.3
99.5
97.7
96. 2
96.4
98.2
103.2
105. 9
106. 5
105.8
106.3
105.5 105. 4 101.3
108.4 110.8 104.1
110.8 112.3 106. 4
111.9 115.7 108.0
112. 120.2 109.7
115.8 124.1 110. 7
120. 11 126.5 112.8
122.2 128.6 115. 7
125.4 131.9 119.9
124.4 132. 9 121.4
124. 2 132.6 119.8
125. 4 132.4 118.1
123.6 130.2 117.6
fcsfi. 11
83.4
86.
94. 0
102.1
105. 3
95. 0
107. 0
106. 3
116. 0
114. 5
104. 2
100. 0
96. 2
97. 9
100. 3
104. 2
109. 7
109. 3
101. 4
117. 0
120. 1
122. 5
114. 6
113. 7
108. 9
111. 4
113. 9
118. 0
125. 0
124. 2
133. 8
138.3
151. 1
145. 8
147.2
132.1
128. 0
130. 7
°!
a
86.5
94.6
94.
91.0
90.4
93.0
92.3
102. 5
106.1
115. 4
117.2
116.2
100.0
101.1 101. 4
102. 7 104. 4
105.6
104.
101.4 100.
102.6 101.6
102.8 103.1
100.5 101.0
109.3 111.0
116.8 118.8
121. 5 124.1
118.7 122.9
122.5 125.8
108.7 110.1
114.6 114.4
122.1 122.3
127.2 127.6
130.0 129.4
138.5 139. 6
146.7 149.
147.6 149.6
154. 9! 157.8
157. 5! 160.4
160.8 163.
156.4 161.5
160.4 164.3
143.1 145.0
86. 7
93.6
94.8
91.4
92.9
95.3
94.7
101.8
106.1
115.0
114.1
113.7
100.0
94.1
97. 6
98.2
100. /
100.2
102. 0
104.1
108.
108.9
105.6
99.1
96.8
98.9
102.0
103.8
104.6
104.5
107.2
109.2
111.5
113.4
113.3
97.8
97.0
96.0
96. 3
98.3
103. 6
106. 3
106. 7
104.5
102. 2
24
SURVEY OF CURRENT BUSINESS
December 1942
Table 20.—Indexes of Wage Earner Employment and of Weekly Wages in Manufacturing Industries
Continued
[1939=100; unadjusted for seasonal variation]
Nondurable goods—Continued
1
.5 8
o
H
si
97.9
101.0
101. 5
99.5
95.2
92.1
9-1.7
99.4
100.5
lOfi. 2
107.9
104.1
100.0
100. 8
1940: January
95.5
February
91.7
March
89.3
April
86.1
May
82.6
June
83.8
July
87.3
August
88.0
September
89.5
October
90.4
November
90.5
December
Monthly average 89.6
90.0
1941: January
92.1
February
93.1
March
94.9
April
95.0
May
96.0
June
96.0
July
94.1
August
87.5
September
85.7
October
85.0
November
December
84.5
Monthly avera.ee 91.2
February
March
April
May
June
July
August
September
October
November
December
Monthly average
105. 5
103.3
95.6
85.6
92.9
98.6
100.6
100.3
95.5
105.7
110. 4
106.1
100.0
100.5
98.7
83.0
77.5
83.4
87.9
96.8
101.0
103.2
109.4
114. 7
117.3
97.8
116.1
119.2
119.3
121.1
124.1
125. 4
126.7
126. 5
128.4
127.4
127.1
128.6
124.2
92.5
100. 7
104. 2
101.3
96.4
94.3
92.1
103.6
106.8
107.2
101. 7
99.3
100.0
98.2
104.6
106. 8
100.2
95.1
91.3
89.8
101.2
108.2
105.9
104.7
105.1
100.8
104.1
110.6
113.1
112.6
110.9
109.1
109. 4
115.9
117.8
115.7
112.2
111.1
111.9
91.2
99.6
102.1
100.0
93.7
95.3
100.2
105. 4
106.0
105.0
100.6
100.9
100.0
101.3
105. 8
107.5
99.4
91.3
94.7
99.1
103.2
103.5
100.2
100.6
103.8
100. 9
104. 9
109.8
111.3
113. 2
114.1
115.2
117.1
118.4
118.8
118.4
116.1
115.8
114.4
93.0
102.1
106.7
103. 3
97.3
93.2
85.6
104.1
107.2
107.2
101.1
99.1
100.0
97.6
106.1
109.1
101.2
97.9
89.1
82.6
98.9
103.0
103.2
99.5
98.9
98.9
97.2
103. 9
107.1
103. 5
99.6
95. 6
96.0
105.8
106. 9
103.9
99.1
98.1
101.4
98.5
103.1
104.5
100.9
94.4
96.4
102. 4
104.2
102. 3
100.7
96.1
96.4
100.0
99.4
101.5
100.0
96.1
89.0
89.5
95.6
97.2
97.5
98.0
96.2
99.7
96.6
102.1
105. 7
107.3
106.7
104.3
107.0
110.0!
1J0.4I
108.6
108.1
106.5
109.0!
107.11
100.1
105. 3
107.1
103.0
94.3
96.1
103.1
104.5
100.7
98.2
92.9
94.8
100.0
100.0
102. 6
102.0
97.2
8S.3|
88.5
94.7
95.1
93.6
92.3
87.8
91.9
94.5
95.4
99.2
101.3
100.0
97.1
99.1
102.4
102.6
99.4
98.8
96.3
99.4
90.2
87.7
88.9
90.9
93.5
98.81
105.9
116. 6
120. 3
108.7
101.3
97.2
97.01
97.8
98. 2|
93. 21
100.5
101.4
101.7
101.1
101.81
101.81
100.8
99.6
100.0
97.3
97.9
98.5
98.0
99.6
101.1
101.2
100.9
100.9
100.4
100.1
99.1
59.6
55.1
60.2
71.1
71.2
93.1
130.1
190.8
201.0
120.6
80.3
67.2
100.0
100.0
60.3
92.0
60.6
91.5
58.4!
91.4
68. 51
92.3
66. 3 i
93.9
93.1
100.4
118.6
105.7
174.6
114.6
178.1
116.2
133. 51
110.9
81. 8'
103.4
68. 51
101.6
101.2 99.6 96.9
94.6 96.7 60.1:
92.9 98.3 56.3!
93.9 99.8
53. 2:
97.1 100. 8 64.2
100.3 102.5 66.2
106.9 104.7 90.0
116.4 103.3 139.7
128.2 105.1 201.7.
132.1 105. 6
122.8 106.3 144.8
117.2 105.7 1G7.8
113.0 104. 2 82. 3
99.3 109.6 102.8 106.8
a
S
a
Wage earners
1939: January
102.1
96.5
91.1
93.1
96. 5
98.8
100.0
99.4
100.3
101. 6
106.7
110.9
100.0
110.7
107.4
106. 3
102. 5
104.6
107.1
109.9
105.7
10C). 8
108. 5
114.9
123.7
109.0
115.1
109.4
109. 6
109.0
115.6
119.0
121.8
121.1
122. 3
124. 5
128. 5
136.7
119.4
&
93.1
98.0
93.7
97.3
99.3
100.9
101.4
103. 9
103. 9
104.1
103.0
101.4
100.0
91.1
95. 0
97.9
98.3
96.1
100.2
96,7
99.5
101.4
102.3
102.8
ioi.0
98.5
94.0
98.2
97.4
97.8
100.0
101.2
101.0
101.7
99.1
104.0
105.6
104.4
100.4
Rubber
products
ing,
allied
1
6
s
1
3
§5?
Products
of petroleum and
coal
fa
94.7
95.2
96.8
96.2
96.4
96.4
97.3
99. 6
103 0
108.8
108 7
106.9
100.0
103.2
102.1
101. 6
101.2
103.9
104.3
104.7
105.3
106.2
106.7
107.8
107. 8
104.6
105.9
107.4
109.5
112.1
114. 4
117. L
119. 2
122. 0
123. 7
123. 8
121.1
124. 3
117.0
96.2
97.2
97.1
97.7
98.3
97.9
97.7
98.9
100.7
105. 2
106 6
108.6
100.0
105. 6
104.6
104.3
103.7
106. 6
107.6
108. 4
108.3
108. 0
108. 6
107.1
107. 3
106.5
91. 7
93. 7
95. 9
93. 9
94.5
94.4
93.1
98.8
105. 0
116.0
113.1
110.0
92.6
95.0
95.5
94.9
95.9
95.0
92.2
98.0
103.1
113.8
112.9
111.1
100.0
103.2
101.7
101.3
101.7
107.9
108.9
109.2
109.3;
110. 2|
111.4
112.1
116.0
100.0
106. 6
108.0
104. 4
104.6
112.6
114.4
114.5
113.2
112.6
112.2
112.2
116. 5
107.7
112.2
116.5
121.1
124.3
130.4
140.3
140.7
146.7
149.6
152.1
152. 4
155.1
110.8
115.6
120.2
123.7
126.1
132.0
143.0
142.3
ft""
I1
Pri
•e
.1
III
a
blned ind
II
B
2
o
A
Cam
•d
ering
packin
g andprerving
VI
Year and month
Chemicals
Paper and &
and allied
allied
products fc* * products
Food and kindred
products
r a n d pui
Textilemill prod- Apparel and other Leather and
leather
ucts, etc.— finished textile
products
products
Con.
95.1
95.7
96.3
95.2
94.8
94.9
95.5
97.3
101.0
109.2
112.6
112.4
100.0
99.3
98.9
99.5
99.3
99.7
98.2
98.7
98.9
100.8
101.6
101.8
103.3
97.1
97.5
100.9
101.7
97.6
93.2
93.5
92.4
103. 0
10S.4
107.8
106.8
100.0
100.4
100. 4
100.2
99.9
100.0
98.6
98.7
99.2
100.0
101.5
101.8
103.6
100.4
107.1 100.9
108.6 100.9
109.7 101.1
111.4 101.7
113.6 102.2
115.4 100.6
116.7 103.0
118. 3 103.7
118.9 104.6
118.7 106.3
119.2 105.8
119.5 108.0
114.8 103.2
100.0
105. 5
106.0
108.2
109.2
106. 0
101. 0
104.7
107.8
114.0
119.5
121.4
121.7
110.7
122.9
126.6
130.6
136.4
136.9
138. 9
141.6
146.5
153. 6
159.1
162.0
195. 2
143.4
111.0
111.3
110.8
110. 5
111.3
113.0
114.7
115. 7
117.1
119.0
121.0
122.4
114.8
124. 2
126. 8
130.2
132. 8
136.4
140.8
143. 8
147.3
149.1
150. 3
151. 4
151.6
140.4
97.9
97.0
99.8
99.0
99.7
98.1
97.8
97.1
101.9
101.8
102.6
107.3
100.0
101.5
99.8
102.2
101.8
102.7
100.8
99.4
99.8
102.9
103.9
104.0
110.0
102.4
104.3
104.3
107.0
108.8
108.4
107.5
109.2
110.9
113.4
114.2
115.0
123.5
110.4
93.7
94.8
97.6
97.5
96.6
94.4
94.6
95.0
102.7
111.3
111.2
110.6
100.0
103.8
109.4
111.1
112.0
112.0
111.4
112.9
116.2
122.1
127. 0
129.8
133.2
92.8
94.1
95.2
93.1
93.9
94.1
93.7
97.7
100. 1
113.2
115.8
116.4
100.0
114.6
114.5
114.2
114.4
116. 1
118.4
119.9
121.4
122.6
126. 3
130.3
134.7
117.2
133.5
138.2
144. 5
153.7
162.5
170.3
175. 4
181.0
189.7
202.9
209.1
218.9
173.3
120.6
134.9
139.0
144.6
149.3
159. 0
166.8
171.8
177.2
179.9
187.4
190.4
194.8
95.3
94.2
95.4
95.7
97.8
99.6
100.1
102.3
104.1
106.5
105.7
103.2
100.0
101.6
101. 5
102. 5
102.1
103.1
106. 0
106. 3
108.7
110.1
109.7
109.9
108.5
105.8
107.7
107.4
108.2
108.3
110.7
113.3
116.1
116.6
116.8
116.3
116.2
116.3
112.8
94.2
99.6
94.7
98.6
96.6
98.2
97.6 96.1
98.1 95.8
100.0 94.6
100.8 93.5
101.4 98.5
101.6 103.1
101.2 110.7
102.0 112.1
100.9 110.0
95.7
94.4
95.8
95.3
95.6
99.2
97. 2
102.4
103.1
110.2
105. 9
104.1
100.0
100.8
101.1
101.9
102.9
104.5
106. 1
107.3
110.1
114.0
111.6
109.1
113.8
106.9
iO7.6
107.7
109.6
115.4
122.1
129.6
130.8
131. 9
136. 2
137.3
136.8
141.1
125. 5
100.01
100.2
99.6
100.0
99.9
100.4
101.5
101.3
101.1
101.0
99.9
99.5
98.7
100.0
106.4
103.9
103.0
100.1
99.1
98.7
99.0
101.7
106. 0 !
109.6
111. 8
115.1
00.3
,.2
i. 2
98. 5|
99.3
100.6
103.2
105.1
105.5
106.0
106. 5
106.5
106.5
104.5
116.7
118.9
121.6
24. 4
126.2
131.7
132.6
133.6
133.7
134.0
133.6
133.1
96.0
94.9
96.6
96.8
97.0
96.4
97.0
99.5
102.0
107.0
108.3
108. 5
100.0
107.0
106.2
105.1
101.4
100.2
99.7
100. 8
102.6
105. 6
107.4
109.3
111.8
104.8
113.3
114. 3
116. 4
119.6
121.2
125. 4
127.1
126.0
125. 8
125.0
125.2
123.5
102.8
128.31
121.9
101.5
99.6
93.6
96.1
98.6
99.9
97.6
100.8
99.8
103.6
102.0
101.8
100.0
98.8
99.4
100.5
101.3
101.2
101.4
101.0
101.6
103.0
100.8
98.6
102.8
100.9
92.9
91.4
94.3
92.0
91.4
93.8
93.3
99.3
105.1
117.4
114.6
114.5
100.0
107.0
100.4
100.3
93.4
99.2
98.4
97.2
99.9
109. 1
113.2
116.1
126.2
94.2
90.3
94.3
91.3
91.3
95.3
98.3
100.6
105.4
115.3
109.4
114.4
105.4
126.8
130.9
135.9
139.4
146.9
161.5
155.4
159.6
155.6
159.3
162.6
159.0
149.4
105.2
Weekly wages
105.9
105.0
92.9
78.2
91.0
99.5
101.7
99.9
94.4
103. 9
114.3
109.4
100.0
102.0
100.0
79.8
74.2
84.1
91.2
103.1
108.7
114.5
122.2
124.0
134.3
Monthly average 92.6 103.2
95.0 130.6
1941: January
101.0 139.3
February
103.8 139.9
March
April
108.5 141.6
112.9 158.0
May
115.7 163.1
June
115.6 162.9
July
115. 0 165.3
August
111.1 180.2
September
October
111.1 176.7
110.0 173.9
November.
112.3 185.9
December
Monthly average 109.3 159.8
1939: J a n u a r y . __
February. _
March
April
May
June
July
August
September,
October
November.
December. .
Monthly average
1940: January
February
March
April
May
June
July
August
September
October
November
December
95.8
101.7
101.8
95.0
91.2
90.1
91.4
99.2
99.9
109.5
115.2
109.2
100.0
102.0
97.9
94.2
90.9
87.8
82.4
84.2
92.3
92.3
94.6
94.2
98.2
For footnotes see p. 22.
89.0
105.7
114.2
97.9
91.5
90.3
88.1
109.0
103.2
111.0
100.0
100.1
100.0
97.3
110.2
116.3
98.2
90.3
85.2
85.0
107.8
117.8
110.8
105. 4
112.3
103.1
108.8
125.6
130.5
123.9
123.9
122.0
125.6
142.6
148.5
140.1
129.3
132. 4
129.4
87.4
103.0
111.4
98.6
87.0
94.1
100.2
110.5
102.2
106.6
97.9
103. 2
100.0
103.0
110.5
113. 6
92.6
83.1
91.5
98.7
105.2
108.6
99.4
98.3
111.1
90.8
110.9
119.2
99.0
93.3
87.7
80.6
111.1
99.0
111.9
97.7
98.8
100.0
95.5
113.1
119.1
99.9
94. 5
80.0
75.1
109. 0
119.1
110.4
100.6
105.6
101.1
112.2
123.8
127.6
126.5
130.2
138.1
140.8
146.2
147.1
145.0
140.0
143.1
135.1
101.8
100.5
120.1
124. 5
111.3
110.8
100.2
107.0
129.8
136.6
122.3
105. 5
112.2
115.2
101.3
109.9
110.1
98.9
86. 1
94.3
105.5
107.4
98.5
99.1
92.3
96.4
100.0
102.8
103.2
99.8
83.6
80.6
85.1
98.0
99.9
98.3
98.4
93.9
108.7
96.3
111.4
121. 6
127.2
122.7
121.2
129.3
136.4
138.6
135.7
134.4
130.0
141. 6
129.2
104.6
115.0
115.9
101.7
84.0
92.9
108.2
109.5
95.7
94.1
85.5
92.9
100.0
104.7
106.1
103. 5
88.1
76.9
83.0
98.7
99.2
95.3
91.4
82.7
96.9
91.6
88.9
90.5
90.7
98.5
100.2
104.7
111.4
116.2
107.0
102. 1
100.2
100.0
94.4
93.2
94.2
94.8
97.9
103.8
108.9
113.9
113.7
109.7
104.9
107.8
93.9 102.9
106. 0
117.7
124.7
•117.9
114.7
121.6
130.7
133.3
126.1
123. 5
117.0
131.7
122.1
98.1
97.8
100.2
103.0
110.8
119.5
127.4
139.0
144.4
137.3
132. 8
132.1
120.2
96.2
96.6
97.5
95.9
101.4
102.6
103.3
100.5
103.1
101.5
101.7
99.6
100.0
97.4
98.4
99.9
99.8
102.4
104. 6
105.6
104. 1
104.6
103.4
102.7
102.3
58.6
58.5
61.9
67.9
72.0
86.0
120.1
198.4
207.0
122.2
79.3
70.0
100.0
63.2
61.1
59.8
65.2
70. 1
91.9
114.5
194.6
181.7
133. 5
79.0
72.5
102.1
99.9
102.4
104.0
1017
110.2
114.7
113.7
115.3
116. 9
117. 1
118.6
117.0
111.2
93.9
62.1
59.9
59.3
63.6
71.4
104.7
169.6
254. 6
284.7
192. 3
135. 4
102.0
130.4
103.0
93.6
92.6
91.2
98.5
100.2
102. 3
98.9
100.8
100. 5
105.1
113.4
100.0
110.9
103.4
104.0
102.1
103.0
107.0
109. 7
104. 7
105. 0
103.0
110.9
128.1
86.3
88.7
89.9
92.8
97.8
103.4
105.1
107.3
107.9
103. 3
107.0
105.6
100.0
89.6
91.2
93.1
99.4
102.8
113.5
105. 8
105.3
111.3
111.9
111.8
113.8
103.1 104. 5
111.7 100.6
105. 9 104.1
105. 5 105. 9
107.4 99.5
124.2 113.5
128.6 118.9
130.0 118.3
133. 3 118.8
136.0 119.8
141.0 127.6
143.4 130. 3
157. 6 130.0
127. 1 115. 6
14
147.8
150.0
151.3
154. 0
136.8 137.8
166. 3
97.8
97.7
98.7
105.4
103.2
115.9
116.3
117.7
123.1
124. 3
124.2
128.7
113.2
100.0
108.9
102.5
100.5
99.4
101.7
98.6
98.5
97.1
107.7
110.2
114.2
122.7
124.6
126.9
130.8
135.3
141.4
155.7
150. 7
148.1
136.6
142.3
149.7
138.2
140.0
S-l
SURVEY OF CURRENT BUSINESS
December 1942
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OP CURRENT BUSINESS
That volume contains monthly data for the years 1938 to 1941, 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 1938. Series added or
revised since publication of the 1942 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying
footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to
designate index numbers refer to adjustment of monthly figures for seasonal variation.
Data subsequent to October for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1941
1942
October
October
1942
Novem- December
ber
January
February
March
April
May
June
July
SepAugust tember
BUSINESS INDEXES
INCOME PAYMENTS
Indexes, adjusted:
Total income payments
1935-39-=100.Balaries and wages .
_.do
Total nonagricultural income
do
Total
_
_ - . _ mil. of dol
Salaries and wages:
Total§
do .
Commodity-producing industries..do
Work-relief wages
do
Direct and other relief
_.
do
Social-security benefits and other lnbor income
mil. of dol_.
Dividends and interest _ _»
do
Entrepreneurial income and net rents and
royalties._
...mil. of dol._
Total nonagricultural income
do
p 175. 5
p 194. 6
p 171.5
p 10,279
145.4
152.6
143.5
8,508
146.5
153.7
144.5
8,071
154.7
161.5
150. 3
9, 397
156.1
163.6
152.3
8,355
157.4
166.3
154.1
7,976
157.8
167.7
155. 3
8,734
160.9
171.1
157.7
8,719
161.9
174.2
159. 5
8,553
165.8
180.5
163.6
9,578
168.7
185.1
166.4
9, 329
171.6 ' 172. 8
188.6 ' 190 2
168.1 ' 169.1
9.157 ' 10,127
p 7,071
P3,331
P 28
5,592
2,539
80
89
5,555
2,505
79
90
5,830
2,550
87
5,672
2,540
77
5,747
2,613
72
6,039
2.752
68
6,486
3, 089
45
6,639
3,209
35
95
94
92
6,211
2,870
58
6,452
2,977
53
94
5,883
2,643
75
89
87
86
86
85
P176
P 740
152
855
152
549
159
1,583
173
410
177
981
167
1,201
'180
' 1,000
1,725
7,109
1,733
8,456
1, 551
7,253
1,599
7,977
1,627
7,748
1,671
8,703
172
827
1,758
8,341
167
417
1,820
7,435
171
758
1,659
7,897
166
460
p 2, 207
p 8,804
174
744
1,671
7,515
1,848
8,069
' 2,031
' 8, 842
p 297. 5
p 212. 5
p 225 0
p 204.5
p 168. 0
p 236.0
p 194. 0
217.0
151.5
150.5
152.0
145.5
159, 0
145.0
182.0
153. 0
155. 0
151.0
145.0
154. 5
155.0
170.0
167.5
163.0
170.5
141. 5
190.0
174.5
151.5
180.5
184.0
178.5
148. 0
192.5
199.0
125.5
179.5
179. 5
179. 5
156.0
194. 5
184.0
135.5
175.0
166. 5
181.0
153.0
196.0
194.0
148.0
191.0
189.0
192.0
163.0
219.0
175.0
149.5
188. 5
193.0
185.0
165.5
203.0
174.5
161.0
191.5
166.5
208.0
163.0
251.5
177.0
183.5
192.5
187.5
196.0
161.0
226.0
180.5
212.5
204.5
209.5
201.5
164.0
234.0
187.0
'
'
'
'
'
'
168
173
210
207
145
159
138
232
185
175
185
172
117
269
167
173
209
207
134
154
124
230
190
169
171
170
120
276
164
171
166
173
167
175
168
177
172
181
175
183
177
185
180
189
187
196
251
216
140
137
141
289
151
186
151
32
260
218
138
136
139
299
189
160
195
167
30
146
143
137
153
127
125
143
117
134
151
155
135
' 154
132
131
150
161
172
164
133
139
132
127
146
127
181
142
144
118
151
123
116
139
100
152
152
159
136
153
134
92
' 6,831
' 3, 264
30
AGRICULTURAL INCOME
Cash income from farm marketings:f
Crops and livestock, combined index:
Unadjusted
- - 1935-39=100
Adjusted
do _
Crops
do
Livestock and products
_ .do
Dairv products
do
Meat animals
.
. . do .
Poultry and eggs
do
INDUSTRIAL PRODUCTION
(Federal Reserve)
Unadjusted:
Combined index..
1935-39=100..
Manufactures
do. ._
Durable manufactures
do
Steel*
do .
Lumber and products
..do
Furniture
do
Lumber
_
_
do „.
Machineryt
do
Nonferrous metals
.
_ do
Stone, clay, and glass products do
Cement _ . _
.
do
Glass containers
do
Polished plate glass.. ._
.do
Transportation equipment
do
Automobile bodies, parts and assembly . - - - .
1935-39=100..
Nondurable manufactures
_ _ do
Alcoholic beverages
do
Chemicals ._ _
do . . Leather and products _ .
. do
Shoes
do
Manufactured food products . . d o
Dairy products t
.do
Meat packing _.
.
do
Paper and products
...do
Paper and pulp
do
Petroleum and coal products
do
Coke
do
Petroleum refining
do
Printing and publishing
do
Textiles and productsdo
Cotton consumption
.
do
Ravon deliveries.. ._
do -_.
Wool textile production
do
Tobacco products
-do
Minerals!
do
Fuelst
do _
_
Anthraritet --do
Bituminous coalj
do
Crude petroleum.
._ d o . - . .
Metals
-do
•Revised.
P192
P202
p 270
P229
P 135
p 139
v 132
p 191
202
37
p 493
p 132
p 148
p
p
p
p
181
113
112
164
146
p 166
P116
p 156
172
P 173
149
P 135
P 127
p 117
p 145
p 121
P181
138
156
167
179
166
134
135
131
103
145
128
161
246
216
260.0
207. 5
222. 5
197. 5
166.0
227. 0
181.0
191
201
'263
211
205
128
155
113
243
192
147
153
153
80
216
209
122
142
112
250
191
138
137
165
68
221
211
128
147
118
259
187
132
132
164
47
228
218
129
147
120
268
180
140
141
176
43
234
219
132
142
127
273
177
151
161
176
43
240
219
135
143
131
279
182
163
178
190
35
'278
305
' 314
330
350
'372
396
'425
460
'475
120
118
105
105
104
107
112
116
124
P 127
138
106
153
116
110
130
98
165
146
154
137
112
155
124
120
124
99
173
151
159
138
117
161
131
126
M21
109
135
153
160
138
160
134
132
161
128
125
158
169
126
156
174
179
178
110
126
131
98
144
129
98
180
161
126
125
131
104
144
129
91
174
153
121
125
130
121
141
127
92
131
154
155
129
161
124
137
113
166
128
129
121
124
131
155
161
138
113
168
131
131
123
152
134
151
157
137
120
166
124
122
131
193
140
144
149
'138
'139
138
287
187
158
183
171
37
136
116
166
115
' 114
139
210
149
133
134
123
157
177
117
164
110
115
164
108
126
153
169
118
162
111
175
148
117
118
122
116
140
115
96
170
153
119
125
121
122
150
109
153
169
150
123
130
121
115
147
111
189
169
151
132
132
121
117
144
113
122
160
116
115
156
175
103
153
169
'194
'188
139
133
167
114
114
156
207
138
122
121
117
163
110
96
154
166
168
'160
131
131
121
122
141
112
194
144
140
170
115
117
165
193
132
219
135
'136
'134
'300
190
'163
200
166
38
' 150
v 150
' 178
112
111
'• 181
v 144
147
134
132
130
130
121
122
166
116
165
114
102
153
169
168
153
135
136
126
118
140
121
195
' 109
r 156
172
'170
155
144
137
' 129
r
129
150
120
' 187
§The total includes data for distributive and service industries and government which have been discontinued as separate series to avoid disclosure of military pay rolls.
^Scattered revisions in figures beginning January 1940 for dairy products, minerals, and fuels, beginning February 1939 for bituminous coal, and in figures for the first
half of 1941 for machinery and anthracite, are available on request.
*New series, see note marked with an "*" on p. S-2.
fRevised series. Earlier data for the revised indexes on a 1935-39 base for cash income from farm marketings will be published in a subsequent issue.
495973—-42
4
S-2
SURVEY OF CURRENT BUSINESS
Monthl7 statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
December 1942
1942
Fehru- ! Mi.rch
ary I
April
May
Juno
July
SepAugust tember
BUSINESS INDEXES—Continued
INDUSTRIAL PROBUCTION-Con.
Adjusted:
Combined index
1935-39 = 100.
Manufactures
do
Durable manufactures.
do
Steel*
do
Lumber and products
do
Furniture
do
Lumber
do
Machinery}
do
Nonferrous metals
__do
Stone, clay, and glass products...do
Cement
do
Glass containers
_do
Polished plate glass
...do
Transportation equipment
do
Automobile bodies, parts and assembly
1935-1939=100..
Nondurable manufactures
do
Alcoholic beverages
do....
Chemicals-..
do
Leather and products
do
Shoes
do...
Manufactured food products
do...
Dairy products^
__.do
Meat packing..
do...
Paper and products
do...
Paper and pulp.
do...
Petroleum and coal products
do...
Coke
do...
Petroleum refining.
...do...
Printing and publishing.
do...
Textiles and products.
do...
Cotton consumption
do...
Rayon deliveries...
do...
Wool textile production
do...
Tobacco products
do...
Minerals?
-do
Fuels*
do
Anthracite^
.do
Bituminous eoalt
-do
Crude petroleum....
do
Metals.
do
M A N U F A C T U R E R S ' ORDERS, SHIPMENTS, AND INVENTORIES
New orders, total
Jan. 1939=100..
Durable goods
..do
Iron and steel and tbeir products
do
Electrical machinery
do
Other machinery
do
Other durable goods
do
Nondurable goods
do.
Shipments,total
average month 1939=100-. |.
Durable goods
do |
Automobiles and equipment
do j .
Iron and steel and their products
do |.
Electrical machinery
.do I.
Other machinery.._
do L
Transportation equipment (except
i
automobiles)
do i
Other durable goods
do j
Nondurable goods
Chemicals and allied products
Food and kindred products
Paper and allied products
Petroleum refining
Rubber products.
Textile-mill products
Other nondurable goods
dodo.
do.
._do.
do.
do.
do.
do.
Inventories, total
average month 1939=100..
Durable goods..
do
Automobiles and equipment
do
Iron and steel and their products
do
Electrical machinery.
do ...
Other machinery
do ___
Transportation equipment (except automobiles)
average month 1939 = 100..
Other durable goods
„
do
Nondurable goods
Chemicals and allied products._
Food and kindred products
Paper and allied products
Petroleum refining
Rubber products
Textile-mill products
Other nondurable goods
do_.
do..
do..
do..
do..
do..
...do..
do..
172
180
231
218
134
145
128
268
ISO
169
188
187
41
330
174
181
234
219
133
146
127
273
177
152
161
176
43
••350
118
105
104
141
lie
162
128
131
137
155
142
155
162
139
160
135
130
154
155
179
178
129
143
121
117
140
150
141
149
155
131
161
126
125
156
174
174
153
130
139
116
161
121
116
136
146
144
150
156
126
160
120
121
153
119
175
148
125
131
129
101
127
132
147
132
129
92
130
132
153
131
128
89
129
132
151
129
125
110
120
128
152
193
239
213
359
246
227
163
212
265
2°5
314
326
258
178
232
332
24S
396
367
413
167
268
414
245
347
414
719
174
.183
215
178
207
218
222
183
220
190
201
230
233
188
228
174
208
260
247
608
187
071
186
157
168
152
169
131
172
179
149
148.2
166.2
195. 0
*>493
164
170
2('-8
207
135
146
129
232
185
158
159
167
102
269
167
173
209
207
135
148
128
230
190
162
164
169
105
276
168
174
214
205
J38
149
132
243
193
167
191
165
67
'278
172
179
224
209
143
153
138
250
191
199
249
184
65
305
v 132
146
142
120
p 143
139
129
148
125
123
134
148
133
146
150
133
' 154
129
127
150
161
172
164
128
144
109
149
134
134
141
147
135
153
160
135
153
133
136
156
167
179
166
132
131
128
120
131
128
146
•p 1 8 S
*199
v 268
v 229
v 125
v 128
P124
*306
» 191
174
v 172
v 112
v 110
P152
145
v 109
v 156
172
145
P127
*124
v 110
175
183
239
219
134
152
124
279
182
144
146
178
35
176
184
244
216
133
179
188
249
216
136
148
130
289
188
134
150
145
49
'372
127
287
188
137
145
163
37
396
'425
183
192
257
218
127
132
125
299
189
139
160
153
36
460
107
112
116
124
139
109
165
127
124
136
151
142
148
153
119
162
112
117
157
177
170
153
127
138
111
167
126
125
134
143
140
145
149
117
164
109
112
156
175
169
150
122
136
104
172
126
129
138
137
153
134
136
114
164
107
138
127
174
117
152
169
169
151
122
143
142
146
127
127
117
163
109
106
154
166
168
M60
121
140
142
173
108
103
143
143
153
131
131
120
165
113
110
153
169
168
153
130
127
122
113
146
114
151
130
126
114
178
107
151
129
125
105
173
108
154
133
128
127
168
113
158
132
128
156
160
112
154
133
129
160
152
118
153
'131
'128
134
144
' 120
'151
292
463
256
452
648
645
182
274
427
256
477
442
673
176
292
449
274
548
467
677
192
270
432
216
648
669
490
167
314
545
295
570
578
913
166
256
399
254
699
411
504
163
233
334
222
491
421
377
167
'264
'390
'250
'411
'358
'636
' 1S3
184
214
152
200
211
229
199
232
133
208
249
260
235
131
211
257
270
200
239
131
207
259
279
203
254
129
216
270
297
202
256
11
6
211
249
306
207
264
172
210
267
311
212
270
184
215
268
312
224
'283
'194
'216
'286
'322
803
186
829
176
1, 004
194
1,018
196
1,108
196
1, 266
1,362
1, 466
206
199
203
197
' 1, 579
'211
155
168
150
175
142
150
171
144
157
163
151
171
139
149
183
149
161
170
160
171
141
131
184
150
173
181
171
173
133
144
204
172
171
176
162
172
130
147
206
180
168
173
159
165
132
159
213
172
164
170
164
154
139
171
189
156
160
168
164
139
136
171
186
147
163
169
171
126
142
183
187
146
167
171
178
131
135
225. 5
166.4
152.7
170. 3
193. 3
127.8
231.6
173.3
158. 4
175.5
183. 3
129. 2
234.1
180.0
161.9
179.2
1P0. 8
127. 2
? 13. 9
187.5
163. 0
180.8
190. 0
125. 5
250. 3
191.4
165. 6
183. 4
193.6
125.7
255. 5
195.0
167.0
186. 6
202. 5
127. 5
264.2
199.1
170.4
190.2
217.9
130.1
270.0
202,9
172.9
193.2
222.7
132.3
277.8
203.1
174.2
195.8
226.1
133. 9
290 3
204. 8
175.0
198. 0
229. 9
134.3
299.9
204.6
'
'
'
'
'
'
600.2
127.4
618. 2
130.9
663.4
136. 4
mx 9
709.1
140.6
732.5
141.3
742.8
141. 5
756.2
140.6
802.3
139.0
824.8
137.6
852.8
137.5
' 890.3
' 135. 9
132.5
128.2
146.7
128. 5
110.4
131.8
13
128.9
137.4
132. 0
153. 4
132.0
111.9
134.6
143. 5
134.1
143.5
143. 7
162.0
135.1
113. 2
143.6
147.3
138.7
146.9
147.8
163.6
134. 4
113. 4
149. 7
151.5
145.4
147. 4
150.
158. 9
137. 8
115. 5
150.1
155. 6
156.8
140.0
115.0
155. 4
156.2
155. 6
149.9
157.7
157.9
141.1
114.5
154.3
155.8
152.8
153.1
159. 9
160. 0
145.9
113.0
161.2
162.0
157.3
155.1
162.7
160.3
149.7
111.5
165.4
165.1
160.7
155.3
163. 3
159.8
152. 7
110. 3
170.2
165. 0
161. 3 !
]
?2
127
125
140
154
148
154
161
135
161
131
128
158
169
180
161
132
139.5
172
ISO
227
211
144
147
143
259
187
189
236
178
49
• 314
149 6
154. 1
147. 3
' 143
' 104
1,271
'118
185
v 195
'260
219
123
'130
119
'300
190
'145
167
163
38
'475
P127
'141
J>146
172
'105
99
M48
PUO
159
130
132
120
166
113
' 109
' 156
172
'170
155
133
'177
'187
187
' 136
'140
205
'197
'165
'179
191
154
r
154.8
164. 4 '
159. 2 '
'
154.6
111. 2 '
r
174. 8
159. 5 '
161.3
175.4
200. 9
241. 4
134.1
307.1
207. 2
153.1
161.0
158.0
154.6
109. 6
173.5
156. 2
160.8
' Revised.
p Preliminary.
t See note marked " J " on p . S-1.
*New series. T h e new index of steel production has been substituted for the combined index for iron and steel which is no loncrer available. Earlier data are as follows:
Annual indexes: 1923, 98; 1924, 83; 1925, 101; 1926, 107; 1927, 100; 1928, 115; 1929, 127: 1930, 91; 1931, 59; 1932, 31; 1P33, 54; 1934, 61; 1935, 81; 1936, 114; 1937, 121; 1938, 68; 1939, 1151940, 151; 1941, 198. M o n t h l y indexes: 1940, unadjusted—Jan., 148; Feb.. 127; Mar., 117; Apr., UU "May, 131: June, 152; July, 154; Aug., 161; Sept., 171; Oct., 176; Nov., 178;
D e c , 181; 1940, adjusted—Jan., 151; Feb., 125; Mar.. 108; Apr., 107; M a y , 130; J u r e . 155: July, 102; Aug., 106; Sept., 175; Oct.*, 178; Nov., 177; D e c , 181; 1941, unadjusted and
adjusted (seasonal factors fixed at 100 beginning December 1940)—Jan., 1S7; Feb., 187; Mar., 193; Apr., 193; M a y . 196; June, 196; July, 197; Aug., 19S;Sept., 200.
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
8-3
SURVEY OF CURRENT BUSINESS
1942
October
1942
1941
October
Novem- December j ber
January
February
March
April
May
June
July
SepAugust tember
COMMODITY PRICES
COST OF LIVING
National Industrial Conference Board:
Combined index
.1923=100.
Clothing
__do._.
Food
do...
Fuel and light
_
_
do_._
Housing
_.
_
do
Sundries
do._.
U. S. Department of Labor:
Combined index...,.
1935-39 = 100_
Clothing
-do
Food-.__-do._.
Fuel, electricity, and ice
.do...
Bousefurnishings
do...
Rent
-._
..do...
Miscellaneous
_-_do._.
99.5
88.5
105.4
90.5
90.8
104.8
92.0
78.3
90.7
90.0
89.2
101.5
92.9
79.6
92.2
90. 2
89.5
101.9
93.2
80.1
92.6
90.3
89. 9
102. 2
94. 5
82.4
95.2
&0. 3
GO. 1
102. 5
95.1
84.5
95.7
90.4
90.4
102. 9
96.1
85.8
97.5
90.4
90.7
103.5
97.1
88.4
98.8
90.1
91.0
104.1
97.3
88.6
99.1
90.5
91.1
104.2
97.3
88.1
99.5
90.4
91.0
104.1
97.8
88.0
100.3
90.4
90.8
105.0
98.1
88.2
101.1
90.4
90.8
105.0
98.6
88.4
102.8
90.5
90.8
104.7
119.0
125. 9
129.6
10G. 2
123. 6
108.0
111.7
109. 3
112.6
111.6
104. 0
114.4
107. 5
106.9
110.2
113.8
113.1
104. 0
115.6
107. 8
107.4
110.5
114.8
113. 1
104. I
116.8
108. 2
107.7
112.0
116.1
116.2
104. 3
117.2
108.4
108.5
112.9
119.0
116.8
104.4
119.7
108. 6
109.4
114.3
123.6
118.6
104.5
121.2
108.9
110.1
115.1
126.5
119.6
104.3
121.9
109.2
110.6
116.0
126.2
121.6
104.9
122.2
109.9
110.9
116.4
125.3
123.2
105.0
122.3
108. 5
110.9
117.0
125.3
124.6
106.3
122.8
108.0
111.1
117.5
125.2
126.1
106.2
123.0
108.0
111.1
117.8
125.8
126.6
106.2
123.6
108.0
111.4
169
173
15,8
165
131
117
200
226
185
139
146
144
145
107
101
154
161
144
135
157
136
148
98
103
149
158
128
143
153
138
148
98
112
157
162
154
149
147
143
148
102
118
164
204
169
145
135
150
147
98
121
173
161
133
146
130
151
144
111
122
180
136
132
150
131
158
142
118
120
190
158
136
152
134
159
143
131
120
189
152
138
151
137
153
141
148
116
191
169
134
154
145
155
144
131
115
193
200
139
163
156
151
151
126
115
200
256
173
163
166
156
156
129
119
195
191
172
88.9
97.0
95. £
88.4
96. 3
88.5
96.5
88 8
96.7
88.9
96.7
88.9
96.7
87.5
95.9
88.9
96.1
88.8
96.6
88.8
96.8
88.8
96.9
88.8
97.0
113.1
106.2
107.5
108.3 | 110.2
111.9
112.5
113.4
113. 2
113.1
113.1
113.1
113.1
108. 0
105. 3
112.6
115.5
112.2
102.1
96.5
105. 7
108.5
101. 6
103 2
97 5
106.9
109. 5
103 7
103.7
98.1
107.7
110.2
105.0
106. 7
102.7
111.2
114. 3
110.8
107.5
104.2
112.1
115.1
111.8
108.6
105.6
113.2
115.8
112.6
108.3
105.2
113.0
115.7
112.2
108.0
105.1
112.9
115.6
112.2
108.0
105.1
112.8
115.6
112.3
108. 0
105. 2
112.7
115.5
112. 3
108.0
105.2
112.7
115. 5
112.3
PRICES RECEIVED BY FARMERS§
CJ. S. Department of Agriculture:
Combined index
1809-14=100.
Chickens and eggs
do...
Cotton and cottonseed
_
.do...
Dairy products.
do...
Fruits
...do...
Grains
...do...
Meat animals.
_
_
do___
Truck crops
...do...
Miscellaneous
do...
RETAIL PRICES
U. S. Department of Labor indexes:
Anthracite.
1923-25=100.
Bituminous coal
do
Food (see under cost of living above).
Fairchild's index:
Combined index
Dec. 31, 1930=100Apparel:
Infants'
_
-do
Men's
...do
Women's.
_
_
do
Home furnishings
.do
Piece goods
_
_._
do
104.9
101.1
109.1
112.7
107.1
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (889quotations)... 1926=100.. v 100.0
92.4
93.6
92.5
99.2
96.0
97.6
96.7
98.7
98.7
»99.6
98.8
98.6
Economic classes:
Manufactured products
do
93.9
97.0
96.4
98.9
*>99.2
98.7
98.6
97.8
99.0
98.6
Raw materials
do
90.2
92.3
89.7
100.1
101. 2
102.2
96.1
97.0
98.2
100.0
99.7
99.8
Semimanufactured articles
..do
89.7
90.1
89.9
92.8
92.7
92.0
92.3
92.8
92.9
93.7
92.8
92.9
Farm products
do
90.6
94.7
90.0
105. 3
106.1
107.8
100. 8
101. 3
102.8
104.5
104.4
104.4
Grains
_
do
84.3
91.0
81.4
89.1
89.9
95.9
95.3
93.8
93.6
91.5
88.8
92.2
90.6
Livestock and poultry
do
97.4
94.5
117.8
122.6
122.1
105.7
109.3
113.8
118.3
117.6
116.9
Commodities other than farm products
1926=100.
93.3
92.7
95.5
92.8
96.2
97.5
94.8
97.2
97.0
*>97.7
97.4
97.1
Foods
do
90.5
89.3
88.9
99.2
100.8
94.6
96.1
102.4
98.7
98.9
99.3
93.7
Cereal products
_
do
89.3
85. 9
86.4
87.2
87.8
89.1
91.1
91.1
90.6
90.2
89.0
87.2
Dairy products
do
95.5
96.3
95.2
100.2
105. 5
96.0
95.0
94.3
94.1
96.0
93.5
92.0
Fruits and vegetables
do
73.8
77.9
75.8
98.5
98.0
97.5
78.3
85.2
87.7
97.7
96.7
105. 4
Meats
...do
95.3
90.8
93.6
115.2
116.0
104.0
109.2
113.4
101. 6
112.8
114.8
113.9
Commodities other than farm products and
93.5
93.4
foods
—1926=10094. 9
93.7
95.6
94.6
*95.5
95.2
95.7
95.6
95.7
95.6
107. 5
107.3
Building materials
do
107.8
110.3
109. 3
110.1
110.5
110.3
110.4
110.2
110.1
110.1
96.6
96. 6
Brick and tile
do
96. 7
98.0
98.7
98.7
96. 9
97.0
97.1
98.0
98.0
98.1
93.1 | 93.4
92.7
Cement
do
94.2
94.2
93.4
93.4
93.6
94.1
94.2
94.2
94.2
128. 7 ! 129.4
129.5
Lumber
do
132.9
133. 0
133.2
131.6
132.7
133. 1
131.8
131.5
131.7
95.3 j 96.5
96.0
Paint and paint materials
do
100.1
100. 4
90.1
99.9
100.8
100.7
100.6
100.6
100.3
89.8
89.7
91.3
Chemicals and allied products
do
97.2
96.7
96.2
96.2
96.0
97.0
97.1
97. 1
97.3
88.3 I 88.6
88.4
Chemicals
do
96.5
96.3
96.3
95. 3
D6. 3
96.4
96.4
96.5
96.5
123. 2
124.1
123. 0
Drugs and Pharmaceuticals
do
129.1
129.0
128.9
126.3
126. 5
126.5
126.7
129.1
129.1
77.3
77.3
77.8
Fertilizer materials
do
78. 5
78.3
78.2
79.3
79.5
78.6
79.2
78.4
79.0
92.9
93.4
101.9
Oils and fats
do
106. 4
104.2
101. 5
108. 2
108. 8
101.6
108. 6
108.5
108.8
78.8
79.6
78.4
Fuel and lighting materials
do
79.0
79.0
78.2
78.0
77.7
77.7
78.0
79.0
78.4
(i)
68 2
66.2
67.4
Electricity
do
62 2
67. 6
65 3
64. 4
67. 6
63 8
63. 3
77!1
78.9
77.4 I
Gas
__do
81.4
80.4
76*. 4
81.1
77.0
77! 1
79! 9
8L2
78! 1
60.4
§1-7
59.8 "
Petroleum products
do
60. 6
60.6
60.7
60.6
59.5
58.9
58.3
58.4
59.1
59. 8
114.1
1*2. 6
114.8
Ilides and leather products..
_..do
117.8
118.2
118.2
118.1
116.7
118.2
IS5. 3
114.9
119.2
118.8
114.0
113.1
115.9 I
Hides and skins
do
116.0
118.5
118.5
118.8
118.0
115.3
115.5
116.6
123.5
121.4
101.1
100. 9
Leather
do
101.3
101. 3
101.3
101. 3
101. 3
101. 4
101.4
101.3
101.3
101.5
101.3
120.5
118.8
Shoes
do
126. 4
120. 7
126.4
126. 4
126.4
121.8
124.3
126.4
121.1
326.7
126.6
100. 6
99.5
House-furnishing goods
do
102.8
102. 7
102. 5
102. 5
102.6
101.1
102. 5
102. 4
102.9
102.9
102.8
105. 2
104.4
Furnishings
do
105. 6
107. 3
108.1
108.0
107. 9
107.4
107. 2
107.4
107.7
10S. 0
108.1
95. 8
94.4
Furniture
do
96.6
97.5
97.4
97. 4
97.4
97.4
97.4
97.4
97.5
97.4
97.5
103.3
103.1
Metals and metal products.
do
103.3
i'103.9
103.9
103.8
103.8
v 103. 8
103. 5
103.6
103.8
103. 8
103.9
97.1
97.0
97.0
Iron and steel
do
97.2
97.2
97.2
97.3
97.2
97.0
97.0
97.1
97.1
97.2
84.8
84.6
84.8
Metals, nonferrous
...do
86. 0
85.6
85.6
85.6
86.0
85.4
85.6
85.6
85.6
85.6
87.9
87.8
89.1
Plumbing and heating equipmentdo
94.1
94.1
94.1
94.1
93. 6
98.2
98.5
97.9
98.5
98.5
91.1
90.9
91.8
Textile products
.do
97.1
97.3
97.1
95.2
97.6
97.1
93.6
96.6
97.7
98.0
97.9
97.8
98.4
Clothing
..do
107.0
109.1
107. 2
107.2
107.0
101.1
105. 3
106.6
107.8
109. 6
105. 4
105.2
107. 5
Cotton goods
do
112.4
112.9
112.7
112.7
112.7
110.5
111.4
112.6
113.8
112.9
07.0
66.6
67.0
Hosiery and underwear
_do
70.5
69.7
69. 7
69.7
69.6
70.6
70.0
69.0
69.8
71.9
30.3
30.3
30.3
Rayon
do
30.3
30.3
30.3
30.3
30.3
30.3
30.3
30.3
30.3
30.3
102.6
102.3
Woolen and worsted goods
do
111.7
102. 7
111.7
111.7
104.3
111.0
111.0
111.0
103.0
108.7
111.0
1
Not available.
» Preliminary.
§ Data for November 15,1942- Total, 169; chickens and eggs, 178; cotton and cottonseed, 160; dairy products, 171; fruits, 127; grains, 117; meat animals, 197; truck crops, 238;
miscellaneous, 181
S-4
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
October
December 1942
1941
October
1942
Novem- December
ber
January
February
March
April
May
June
July
SepAugust tember
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Con.
Commodities other than farm products and
foods—Continued
Miscellaneous
1926 = 100..
Automobile tires and tubes
do...
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
88.6
73.0
98.8
86.4
65.5
101.9
87.3
67.4
102.2
87.6
67.4
102.5
89.3
71.0
102.8
89.3
71.0
102.9
89.7
71.0
102.9
90.3
72.5
102.9
90.5
73.0
102.8
90.2
73.0
101.6
89.8
73.0
100.5
88.9
73.0
98.9
73.0
80.4
84.0
77.1
62.2
87.0
91.5
89.5
75.6
87.0
90.7
88.3
77.9
85.9
90. 5
88.3
73.5
83.8
89.3
86. 0
70.5
83.2
88.6
85. 5
72. 5
82.4
87.5
84.2
72.0
81.5
86.9
83.5
70.1
81.4
86.2
82. 1
69.1
81.6
85.9
81.1
69.6
81.5
85.5
80.2
68.2
81.1
85.1
79.2
64.4
80.8
84.8
78.9
64.4
PURCHASING POWER OF THE
DOLLAR
As measured by—
Wholesale prices
Cost of living
Retail food prices
Prices received by farmers
1935-39= 100do
do
do
CONSTRUCTION AND HEAT, ESTATE
CONSTRUCTION ACTIVITY*
(Quarterly estimates)
mil.
New construction, total
mil. of dol._
Privatc, total
do
Residential (nonfarm)
do
Nonresident!a! building, except farm and
public utility, total.
mil. of dol_.
Industrial
do
All other
do
Farm construction, total
do
Residential
_ _ _ do
Nonresidential
do
Public utility
do
Public construction, total
do
Residential
-.-do
Military and naval
do
Nonresidential building, total
do
Industrial
do
Allother
do
Highways
do
Sewage disposal and water supply
do
All other Federal
do
Miscellaneous public-service enterprises
mil. of doL CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
122
v 175
137
Total, unadjusted
1923-25=100..
71
84
P78
Residential, unadjusted
do
138
145
v 185
Total, adjusted
_
_<io~74
87
Residential adjusted
do
Contract awards, 37 States ( F . W . Dodge
Corporation):
40, 920 29,150
Total projects..
number.. 35,934
Total valuation
thous. of dol. 780,396 606,349 458. 620
709,879 371.345 297, 865
Public ownership.do
70, 517 235,004 160, 755
Private ownership...
do
Nonresidential buildings:
4.978
9,907
9, 945
Projects
.
number.
54,417
31.023
77, 245
Fjoor area...
thous. of so, ft.
Valuation
-thous. of uol. 372,991 269, 553 192, 936
Residential buildings:
22, 218 29, 246 22. 633
Projects
number
45, 403 30,170
37,444
Floor area
thous. of sq. ft.
Valuation
thous. of dol. 161,200 171, 772 116,468
Publie works:
1,266
1,086
Projects
number.
3, 035
Valuation..
thous. of doL 154, 795 94, 563 88, 436
Utilities:
501
453
Projects
number.
60, 780
Valuation
thous. of dol.. 91,404 70,461
Indexes of building construction (based on
bldg. permits issued, U. S. Dept. of
Labor) :f
Number of new dwelling units provided
1935-39=100..
195.4
165.4
Permit valuation:
(a)
Total building construction
do...
128.2
154.6
New residential buildings
do...
191.5
154.2
98.5
New nonresidential buildings
do_ .
124.0
117.4
Additions, alterations, and repairs, .do
136.5
87.3
Estimated number of new dwelling units in
nonfarm areas (U. S. Dept. of Labor):
Total nonfarm (quarterly)*
number
33,646
27, 868
18,452
Urban, total
do.
1-family dwellings
do.
14,548 28, 354 20, 833
2-family dwellings
do.
1, 550
2,310
1,133
Multifamily dwellings
do.
2,982
5,485
2,771
Engineering construction:
Contract awards (E. N . E.)§_.thous. of doL. 691,979 406, 332 348,800
r Revised.
§ Data for October 1941 and January, April, July, and October 1942 are for
t Data re.visftd bfimnniriE? Jannarv 1940: revisions are available on rermest.
I
3,132
1,353
731
2, 635
867
468
3, 359
841
473
334
188
14G
45
26
19
243
1,779
190
95
121
63
58
81
45
36
166
2,518
12
182
1,768
128
670
542
476
66
p 4,173
^3,450
P 175
p 1,836
p 1,162
p 1,127
v 35
P163
105
575
73S
676
56
203
28
103
125
30
59
123
69
68
118
82
128
100
125
99
125
95
145
96
128
82
192
90
158
76
23,862
22,941
431,626 316.846
287, 722 198,251
143, 904 118,595
40. 557
40,000 55, 843 33.167
433,557 610,799 498, 742 673,517
310,249 472.817 354, 575 568. 988
123, 308 137,982 144,167 104, 529
3.619
8,332
3. 245
5,982
4,0,00
5,208
24, 908 21.113
67, 961
51,281
31,576 42,456
171,016 123,231 169.606 231,834 234,939 297,885
228
83
193
76
232
75
206
74
194
64
182
65
'181
' 70
'179
'70
33,100
51,863
30, 055 30,558
1,190.264 943, 7P6 721,028 723,216
1,105,414 875. 951 C33,183 660, 953
84, 850 67. 845 87; 845 62, 263
11,093
14.372
10, 952 10,405
134. 085 113, 134 90,774
97,962
568, 385 489, 066 407, 324 466, 860
18. 344 19,838 34,492 47, 731 26, 683 28,024 33. 002 18,924
17,110
18, 556
25, 591 26, 864 41,836 50, 770 38, 341 38,147 50, 673 33, 634 26,177 ' 29, 759
104, 276 102, 758 168,014 219,276: 162,097 147, 964 185, 471 127, 382 100,551 126, 708
715
2, 739
567
3,480
681
1,725
1,384
1,111
1, 960
945
58,535 92,148
65,811
105, 989 64.428
58,477 127,107 203, 341 129,611 111,960
212
263
721
331
1, 123
1,750
405
227
609
486
50,345
26.429 37, 402 67, 541 43, 229 100, 561 233, 067 197, 737 101,193 63, 837
114.2
119.7
214.1
182.9
209.3
164.7
102.1
90.3
100.4
95.5
132.7
116.1
161.7
83.9
120.0
112.8
132.1
93.0
183.0
184.2
216.0
79.6
148.8
164.8
145.7
102.7
128.8
175.7
93.5
100.3
116.7
131.1
111.2
78.3
85.3
85.3
81.4
78.2
77.5
75 4
75.7
70.3
63.9
79.4
46.4
70.8
()
90.6
()
•
63.5
135,600
19,338
15,433
1,353
2, 552
21,353
16,100
1,533
3,720
36. 292
23, 302
2, 645
10, 345
138, 300
32, 316
25, 640
2, 311
4, 365
34, 422
25, 340
2,970
6,106
26, 356
23,432
1,183
1,741
167, 500
22, 505
14, 096
1,104
7,305
17, 581
10, 281
1,314
5,986
17, 605
11,981
1, 315
4,309
87,900
16, 265
11, 384
1,326
3,555
209, 689 628, 780 634, 823 729, 485
p Preliminary.
5 weeks; other months, 4 weeks,
18,696 11,044,572 968,938 1,201,526 813,077 712, 709
» Data not yet available.
S-5
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the October
1942 Supplement to the Survey
1942
1941
October
Novem- December
ber
January
February
March
April
May
June
July
SepAugust tember
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
tbous. sq. yd_. 12,453
7,600
Airports
do
2,8G6
Koads
do
2,047
Streets and alleys
do
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
M ileage
no. of miles..
Federal funds
thous. of dol..
TJn der construction:
Mileage
_no. of miles_.
Federal funds
__thous. of doL.
Est imated cost
do
Grade crossings:
Approved for construction:
Federal funds
do
Est imated cost
do
Under construction:
Federal funds
_
_do
Estimated cost.
do
6,975
2, 885
2,460
1,630
4,344
535
2,570
1,239
8,176
2,964
3,197
2,015
4,726
2,490
1,139
1,098
3.464
1,451
1,110
903
7,091
3,972
1,727
1,392
8,914
5,416
2,061
1,437
14,462
9,800
3,267
1,394
15,266
11,038
2,060
2,167
14,947
11, 366
1,927
1,655
13,947
10,091
2,653
1,202
20,090
16, 935
1,518
1,637
2,749
38,850
2,635
39, 259
2,259
34,014
1,967
30, 789
1, 796
28,344
1,562
24,612
1,431
24,055
1,455
27,968
1,654
32,808
1,718
36,170
1,606
37,059
1,534
35, 534
7,044
8,176
7,809
7,417
131,914 128,351 121,384 117,669
228,623
260, 555 253, 703 239, 336
6,802
119,233
225,527
6,672
6,778
6,817
123,405 127,195 127,511
226, 543 231, 620 228,535
6,071
122,402
217,290
10,005
11,810
8,542
9,314
8,047
8,761
7,490
8,210
7,806
8,503
8,201
8,893
7,108
7,843
37, 742
39, 323
35,928
38,300
34, 754
37,140
34, 576
36,913
34,467
36,814
33,658
35,838
33,413
35, 409
5, 483
4,954
4,262
114.997 109, 549 102, 419
200, 868 189,077 174, 898
41, 520
42,920
10, 208
11, 588
40, 464
41,932
246
249
251
229
242
223
219
235
209
224
223
219
235
210
224
225
222
238
212
226
229
224
240
215
230
231
225
241
215
230
237
232
247
221
236
238
232
248
221
237
241
233
250
224
238
242
242
250
228
238
244
245
250
229
240
245
248
250
229
241
246
249
251
229
242
213. 5
201.9
203.3
203.3
203.3
204.0
206.5
207.3
207.3
207.8
209.9
213.3
213.3
106.1
138.5
131.3
129.6
100.7
136.3
122.5
121.5
100.7
136.3
123.5
122.6
100.2
136.0
123. 2
122.5
101.4
137.0
124.2
123.8
101.4
137.0
124.2
123.9
101.9
137. 5
125.6
124.4
105. 4
137.7
125.7
124.4
105.6
138.2
120. C
124.8
105.6
138.2
126.6
129.6
106.1
138 2
130. 0
129.6
106.1
138.2
130.0
129.6
106.1
138.2
130.0
129.0
106.0
140.0
134.6
132.6
102.4
137.9
124.6
121.7
102.4
137.9
126. 2
123.4
102.1
137.7
126.0
123.4
102.9
138.4
125.3
124.4
102.9
138.4
125.3
124.5
103.2
138.8
126.6
124.9
105.7
139.0
126. 7
124.9
106.0
139. 6
127.2
125.3
106.0
139.6
127.2
132.6
106.0
139.6
132. 3
132.6
106.0
139.6
132.3
132.6
106.0
139.6
132.3
132.6
106. 5
137. 5
134.5
129.4
102.1
135.8
128.4
122.8
102.1
135. 8
128.8
123.2
101.3
135.3
128.3
123.1
102.5
136.2
127.1
124.1
102.5
136.2
127.1
124.3
102.8
136. 8
128. 5
124.7
106.4
137.1
128.6
124.8
106.5
137.4
130.4
125.3
106.5
137.4
130.4
129.4
106.5
137. 4
133.1
129.4
106. 5
137.4
133.1
129.4
106. 5
137.4
133.1
129.4
104.1
139. 9
126.
126.9
100.0
138.0
119.0
120.3
100.0
138.0
119.5
120.8
97.1
136.1
117.6
120.4
137.9
120.0
121.4
137.9
120.0
122.1
100.3
138.3
121.9
122.5
103.7
139.3
122.3
122.8
103.8
139.7
124.8
123.5
103.8
139.7
124.8
126.
104.1
139.7
125.8
126.9
104.1
139. 7
125.8
126.9
104.1
139.7
125.8
126.9
103.6
141.5
122.5
124.8
139.7
115.8
119.9
139.7
117.4
120.3
95.1
137.2
114.
119.
139.4
117.7
120.8
98.5
139.4
117.7
121.7
139.8
118.9
122.1
103.2
141.1
119.5
122.5
103.3
141.4
120.2
122.9
103.3
141.4
120.2
124.8
103.6
141.4
122. 0
124.8
103.6
141.4
122.0
124.8
103.6
141.4
122.0
124.8
283.6
266.1
266.2
267.6
269.4
269.7
271.8
272.3
274.2
277.7
281.6
281.6
282.4
124.5
121.6
130.2
118.5
116.0
123.3
119.2
116.9
123.9
119.9
117.7
124.2
120.6
118.6
124.5
121.2
119.3
125.0
122.0
120.0
126.0
122.3
120.5
125.9
122.8
121.0
126.4
123. 5
121.3
127.8
123.7
121.2
128.5
124.0
121.2
129.4
124.4
121.5
130.2
11,851
13,122
6,696
7, 358
31, 299
33, 279
29,412
31,296
6,665
7,327
6,797
7,458
26, 417
28, 231
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100..
American Appraisal Co.:
Average, 30 cities
1913=100..
Atlanta
do
New York
„
do
San Francisco
do
St. Louis..
-_do__.
Associated General Contractors (all types)
1913=100E. 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:
Atlanta
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)
1013 = 100.
Federal Home Loan Bank Administration:
Standard 6-room frame house:
Com hired index
1935-39=100.
Materials
do...
Labor
do._.
215
223
218
225
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Gross mortgages accepted for insurance
98,833
94,948 70, 799 75,435
66,952 104,566 141,443
t lions, of doL
53,488 98, 800 109, 350 109,660 100,456
Premium-paying mortgages (cumulative)
4,393,862 3.423.183 3,503.681 3,596,491 3,690,21 3,769,496 3,849,549 3.916,421 3,990,152 4,071,838 4,155,187 4,232,03C 1,311,126
then?, of do!
Estimated total nonfarm mortgages recorded
($20,000and under)*
thous. of dol. 357,083 447,900 377.683 392. 355 321, 396 296,041 335, 636 359, 968 350,18' 342, 250 353.511 336,850 345, 964
Estimated uvw mortgage loans by all savings
91,672 127,938 104,749 100,208
and loan associations, total, thous. of d o l .
79,533
95, 79' 92, 563 94,055
95,009 94,095
76, 756 87,367
99,04
ClassifiVd according to purpose:
Mortgage loans on homes:
22. 791 20, 799 21,775
15.930
o7, 722 30.103 30,290
Construction
do.,.
10,572
17, 709 12,568
17,610
20.488
12,449
59. 874 48,816 43, 14
34.
56, 528
52. 190 55, 30" 58,060
Home purchase
do...
33, 7C9 40,930
52, 196 53.095 52.112
13,340
16,28:
14,424
12. 854 12, 32f 13,225
Kefmancing
do
14,694
16. 097 14,019
14.508 13, 60' 15,18'
14,063
5, 361
4. 26
4,170
3. 190
3, 860
3. 566
Repairs and reconditioning
.do.
3. 138
4,126
3,4&
3, 517
3,67
4,083
3,804
8,698
8,223
6,831
8,179
6,571
7,303
Loans for all other purprxses
do...
6,380
6,725
6, 54S
7, 890
6,13C
7,772
5,679
Classified according to type of association:
31.142
52,507 41,910
41,182
36.966
35.279
37. 00' 36,62C
37,987
31,919
36.325
35, 555
38. 48Federal
. . . t h o u s . of d o l . .
54.930 46,8^0
43, 9fi(
35.312
33, 939 38.030
44. 26,
42, 249
43. 665 41,54
41,937
State men hers
....do
43. 937 43,005
20,501 I 15.949
15. i)f>f<
14.551
14, 394 13,890
14,180
13.012
15.125
16. 626 15.038
Nonmembers
do.
13. 079 10,898
•The new series on nonf.irm mortgages recorded .compiled by the Federal Home Loan Bank Administration, represents total mortgage iogistrations during the month,
based on reports covering approximately 6C0 counties and similar political subdivisions, which contain almost two-thirds of the total nonfarm population. To relate mortgage
recordings as closely as possible to financing of 1- to 4-family homes, only instruments with a face amount of $20,000 or less on properties in nonfarm areas are included. For
data for January 1939 to August 1941 see note marked "*" on p. S-5 of the November 1942 Survey.
495973—42
5
S-6
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Octo1942 Supplement to the Survey
ber
December 1942
1941
October
November
1942
December
January
February
March
April
May
June
July
SepAugust tember
CONSTRUCTION AND REAL ESTATE—Continued
EEAL ESTATE—Continued
Loans outstanding of agencies under tbe Federal Home Loan Bank Administration:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding J.
thous. of doL. 1,862,593 1,801,033 1,815,666 1,824,646 1,824,376 1,829,218 1,832,341 1,842,422 1,846,790 1,849,400 1,852,972 1,856,269 1,861,062
Fed. Home Loan Bks., outstanding advances
to member institutions
.thous. of dol.. 131,377 184,311 187,084 219,440
206, 068 197,432 191, 505 185, 29S 181,165 192, 645 173, 593 160,201 144, 752
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of dol__. 1,603,106 1,809,074 1,794,111 1,777,110 1,758,213 1,742,110 1,724,229 1,709,064 1,692,197 1,675,888 1,657,256 1,640,119 1,622,087
Foreclosures, n on farm:
34.2
32.4
32.1
30. 9
23. 9
29.1
27.2
Index, adjusted
1635-39=100...
31.9
29. 5
27.4
28.0
24.1
25 3
30, 819
31, 261
35,565
30,833
23, 822
Fire losses
thous. of doL. 22, 621
30, 505
27, G60
23, 233
22,410
21,000
19, 680
20, 4 4 3
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:
Printers' Ink, combined mdex..l928-32=100_69.8
Farm papersdo
82.0
Magazines..do
77.9
Newspapers
.
do....Outdoor
do
113.3
Tide, combined index*
1935-39=100..
127. 9
Magazines*
do
95.8
Newspapers*
...do
Radio advertising:
Cost of facilities, total
thous. of dol_. 10. 351
' 339
Automobiles and accessories.-..
do
M
Clothing...
_
do
53
Electrical household equipment
do.__.
49
Financial
__..
do
3, 027
Foods, food beverages, confections
do.._.
480
Gasoline and oil
do
0
House furnishings, etc
_
do
853
Soap, cleansers, etc
do
1,485
Smoking materials
.__
do
3,102
Toilet goods, medical supplies
do
'814
All other
do
Magazine advertising:
18,188
Cost, total
...do
1,143
Automobiles and accessories
do
1,381
Clothing
_.do
443
Electric household equipment
do
441
Financial..
.do
2,947
Foods, food beverages, confections
do
415
Gasoline and oil
do
882
House furnishings, etc
do
445
Soap, cleansers, e t c . .
do
298
Office furnishings and supplies
do
831
Smoking materials
do
2. 864
Toilet goods, medical supplies
-.do
6, 069
All other
_
do
Linage, total
thous. of lines..
Newspaper advertising:
117,442
Linage, total (52 cities)
_
do
Classified..
.—
. d o . . . . 24, 071
93.371
Display, total
do
2, 404
Automotive
.____
.do
1, 233
Financial
.do
19,781
General
.—.do
Retail
d o . . . . 69, 953
89.5
63.2
92.0
83.2
70.3
121.1
10L4
99.4
67.4
92.8
91.3
112.3
120.5
181.2
101.2
9. 679
285
59
44
39
2,730
48(1
58
9,723
10,412
10, 285
251
55
51
2,752
45
41
3, 102
1,060
1, 323
3,151
446
991
1,250
3, 078
566
44
41
2, 036
6(16
58
1,157
1, 351
3,218
597
'(56
1,118
1, 356
3, 091
728
17,885
1,756
1, 389
436
376
2, 893
362
1,214
455
291
782
2, 939
4, 994
2,534
18, 235
1,753
1, 029
430
482
3,010
392
996
503
374
870
3.053
5, 343
2,682
15, 928
898
880
476
355
2,555
219
756
331
329
705
2, 679
5. "44
., 937
!
10, 4.C6
5S0
383
103
318
1, 937
SO
318
242
177
733
1,853
3, 7f.3
1, 940
13, 044
473
ObO
227
123.815
22,010
101,805
5, 607
1, 551
19.993
74, 654
120,624
21,008
99,615
4,841
1,515
20, 002
73,258
89, 341
19, 064
70, 277
1,320
2.204
13.076
53, 677
87,944
18. 192
69, 752
1, 560
1, 339
14. 0^2
52,191
S9.1
67.7
86.3
82.1
85. 5
122.1
133. 7
101. 1
125,484
20, 534
104,950
3, 291
1,702
17,047
82,910
80.5
51.5
72.3
74.5
80.6
117. 5
134. 5
97. 3
81. 0
49.3
72,7
75.3
83. 1
112.0
120.1
05. 0
80. 4
47.5
69.4
74.8
94. 2
108. 5
110.9
9,382
210
84
45
41
2,845
r,\)2
59
998
1,215
2, 846
537
10, 282
176
83
56
54
3,112
470
67
15,811
481
1, 242
1:37
£9'I
2, £41
2. 048
MS
417
515
237
673
2. 675
3. 91:2
2, 130
91. 9
l! 298
3,: 22
551
798
763
243
790
2, 922
4,727
106. 90S
21.975
84.932
1, 938
1. 849
16, 2il8
64, 878
79.1
52.6
67. 9
74.7
77.7
109.2
100. 9
92.8
78.0
53.8
67.9
72.8
78.0
107.9
98.9
88.2
80.9
51.7
77.6
74.2
69.2
112.2
104. 6
91.2
123. 4
126. 5
100.5
88.2
63.2
84.2
81.3
72.5
122.6
134. 9
101.2
9.372
' 152
115
45
44
2,785
380
52
1,058
1, 293
2, 843
605
9,199
138
108
56
52
2.543
431
52
1, 005
1,316
2, 856
643
8,989
265
62
45
41
2.473
' 367
42
1,050
1,299
2,792
553
8,500
367
55
45
41
2,162
349
42
1,013
1, 329
2,571
527
8,186
448
45
57
53
2,051
342
51
928
1, 252
2. 337
623
8,878
14,847
710
905
244
-102
2, 466
385
815
593
206
736
2,771
4, 615
2,168
15,421
772
968
161
403
2 352
542
851
640
258
809
2, 883
4, 782
2,064
13, 932
796
735
213
304
2,043
392
536
477
172
732
2.928
4, 604
1,769
11,108
631
250
213
257
1,738
306
208
320
170
609
2,406
4,001
1,700
12,415
765
724
126
280
1,785
405
266
378
193
671
2, 268
4, 544
2,072
15, 393
754
1,208
230
425
2,307
422
350
275
741
2,463
5,592
2,344
07, 055
21,649
85, 406
2,416
1,704
17,821
63, 464
107,044
22, 316
84,718
2,334
1,248
16.529
64, 608
97. 663
20, 608
77, 055
2. 541
1,370
14,841
58,303
89,411
20, 085
69, 326
2,316
1,616
13, 987
51, 407
94, 963
21,931
73 ^32
2,146
1,022
13,195
56, 669
104,506
22, 658
81,847
2.481
1,099
15,572
62, 695
88.0
61.9
90.3
79.0
75.9
69.4
81.5
79.4
86.9
122.5
140.0
96.5
429
70
47
49
2, 336
346
43
929
1. 347
2,659
622
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
percent of total..
80.6
83.9
82.8
85.0
85.2
84.5
85.4
84.1
83.2
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..
2,366
2,23i
2, 675
2, 594
2, 553
3,019
2, 996
3,156
5, 207
53,186
4, 931
50, 334
5, 826
57, 537
5,743
55, 379
5.317
59, 823
6, 997
87, 703
5, 673
59, 746
5,411
59, 542
6,312
73,783
5,573
65, 221
5,495
68,098
5,952
78, 701
15,464
134, 759
17,557
149, 204
15. 707
135,685
14, 525
138, 264
19, 134
210, 702
17,093
.64. 302
15,256
137, 629
16,865
162. 616
16,071
152,047
14, 582
142. 851
16,308
174, 772
17,084
149,199
CONSUMER EXPENDITURES
Expenditures for goods and services:*
•
r 7, 484 » 6, 336 r 5, 858 ' 6. 447 ' 6, 555
Total
mil. of dol_.
• 6, 45< ' 6, 385
•
6, 536 ' 6, 516
6,479
6,995
r 6. 726
4, 309
4, 233
' 4. 096
5.274
Goods
do
3. 648 r 4. 206 * 4, 282 ' 4, 254
5,141
4, 230
' 4,191
r 4, 691
4,432
r 2,148 ' 2,152
Services
.
.
do
' 2, 210 ' 2, 2313
' 2, 209 ' 2, 241 r 2, 274
2,282
' 2, 286
r 2, 287
r 2, 294
2,304
'Indexes:
132. 7 I r 138. 3
' 131.1
Unadjusted, total
1935-39=100
r 130.4 r 134. 8
138. 3
r 137. 5
138. 2
' 134.5
' 140.1
149.3
r
138. 9
138.6 ' 146. 9
172. 8
131. 4
Goods
do
164. 4
133.2 j
142.8 I 143. 0
141.2
145. 6
' 136.9
' 159.2
r
' 122. 5 ' 128. 5
' 126.0
'
Services
do
127. 3 f 1 HO. , ' 130. 1
< 131.2 ' 130. 4
•
' 130. 8
132.3
;
' 129. 3 f 135. 7
r 133.7
Adjusted, total
do
• 139.0
"
i:38. (
139.0
138. 2
' 142.4
147.0
145. 5
141 9
138. 9
138. 3
151 1
Goods
.
do
133. 4
142. 6
158.1
145. 9
143.7
145. 3
143.5
142. 1
' 148. 7
' 153.1
155.2
r
r
125.9 i 126 3
• 122. 4 r 124. 0
r 120. 3
Services
__.do
"
' 128. 2 • 129. 8 i 131.2
131.6
' 131. 7
132.4
133.0 1
f Revised.
% Minor revisions have been made in the data1b e g g January 1939;ddata are availableoonrrequest.
%
o e
e
t beginning
y 99;
e
le
quest.
*N
i
d
f d t i i
i l d by J. K. Lasser & C U " TT id e " magazine: the combined index includes radio (network only prior to July
i
New series. Th newiindexes of advertising arc compiled b J K L
The
& Co. U>v " i d "
1941 and network and spot advertising beginning with that month) farm papers, and outdoor advertising for whici separate indexes arc computed by the compiling agency,
in addition to magazine and newspaper advertising shown above; dnfa beginning 1935 will be published in a subsequent issue. For data beginning 1929 for the series on consumer expenditures and a description of the data, see pp. 8-14 of the October 1942 Survey. Minor revisions in data for January through September 1941 are available on
request.
S-7
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
Octoto the sources of the data, may be found in the
1942 Supplement to the Survey
ber
1941
October
1942
Novem- December
ber
Janu*
ary
February
March
April
May
June
July
SepAugust tember
DOMESTIC TRADE—Continued
EETA1L TRADE
All retail stores, total salesf
mil. ofdoL.
Durable poods stores
._.._
do
Nondurable goods stores!
do
By kinds of business:
AppareJ
do
Automotive
_
do
Building materials and hardware
do
Drug
___
do
Eating and drinking!
do
Food stores
do
Filling stations
_
do
General merchandise
do
Household furnishings
do
Other retail stores!
do
All retail stores, indexes of sales:
Unadjusted, combined indexf.. 1935-39=100..
Durable goods stores
do
Nondurable goods stores!
do
Adjusted, combined index!
do
Durable goods stores
do
Nondurable goods storesf
do
By kinds of business, adjusted:
Apparel.
do
Automotive §-..
do
Building materials and hardware
do
Drug
_
do
Eating and drinking!
do
Food stores
do
Filling stations
do
General merchandise
do
Household furnishings
do
Other retail stores!-do
Chain-store sales, indexes;
Chain-store Age, combined index (20 chains)
aserage same month 1929-31 = 100..
Apparel chains
do...
Drug chain-store sales:
Unadjusted
1935-39=100..
Adjusted
do
Grocery chain-store sales:
Unadjusted
1935-39=100..
Adjusted.
. . . do
Variety-store sales, combined sales, 7 chains:
Unadjusted
1935-39=100.
Adjusted
do
Chain-store sales and stores operated:
Variety chains:
S. S. Kresge Co.:
Sales
thous. of dol.
Stores operated
number
S. II. Kress A Co.:
Sales
thous. of dol.
Stores operated
number.
McCrory Stores Corp.:
Sales
_
thous. of dol
Stores operated
number
G. C. Murphy Co.:
Sales
thous. of dol..
Stores operated
....number.
F. W. Wool worth Co.:
Sales
thous. of dol..
Stores operated
number..
Other chains:
W. T. Grant Co.:
Sales
thous. of dol..
Stores operated
.number..
J. C. Penney Co.:
Sales
___tbous. of dol..
Stores operated
number..
Department stores;
Accounts receivable:
Instalment accounts
Dec. 31,1939=100__
Open accounts
_
_do
Collections:
Instalment accounts
percent of accounts receivable-..
Open accounts
do_
Sales, total U. S., unadjusted...1923-25= 100..
Atlanta!
1935-39=100^
Boston
.1923-25=100
Chicago.
1935-39= 100..
Cleveland!
do. .
Dallas..
1923-25=100.
Kansas City
_. 1925= 100..
Minneapolis
1935-39=100..
New York
1923-25=100..
Philadelphia
1935-39 = 100..
Richmond
do...
St. LouisV-.
.1923-25=100..
San Francisco
_
1935-39=100..
» Revised.
5,310
882
4,427
4,711
1,128
3,582
4, 569
1,067
3,503
5,585
1,237
4, 348
4, 354
792
3,562
3, 842
693
3,149
4,473
803
3,670
4,584
859
3,725
4, 557
4,506
842
3,664
4.448
818
' 3,630
' 4,656
856
' 3,800
' 4,888
850
' 4,039
526
248
352
200
592
1,37G
283
880
218
628
387
528
366
156
423
1,125
318
724
200
484
388
518
312
159
396
1,090
289
735
1P4
489
557
522
331
211
428
1,218
290
1,106
261
662
376
320
266
163
399
1,216
208
613
170
290
239
249
152
381
1,090
240
541
171
489
440
246
316
167
431
1,172
270
680
203
548
406
239
373
170
438
1,220
273
700
206
558
363
249
370
182
459
1,237
288
659
192
557
352
264
354
181
466
1,248
286
648
174
532
302
274
336
190
505
1,285
317
'583
162
493
365
280
336
195
556
1,274
'280
662
187
'522
'456
"259
'342
194
'564
1, 275
'281
765
'193
'558
157.4
106.1
174.0
1E0 9
101.9
166.8
140. 6
137.7
141.6
133. 9
128.4
135.7
147.2
139.6
149.7
142.0
134.1
144.6
169.8
153. 9
174.9
138.3
135. 4
139.3
131.4
97.9
142.3
149.7
119.6
159.5
128.5
94.2
139.6
144. 3
113.5
154.3
137.2
100.0
149.3
142.8
111.5
152.9
141.7
108.0
152.7
141.2
107.3
152.2
142.4
109.9
153.0
141.5
100.8
154.7
139.5
106. 0
150.4
140.5
100. 1
153.6
134.9
101.8
145. 7
146.7
104.6
160.4
142. 0
105. 8
153. 8
150. 8
106.5
' 165. 2
' 154.0
' 109.8
' 168. 4
147. 5
104.7
161.4
165.5
56.7
147. 3
173.2
227. 2
166. 5
128. 7
144.4
145.2
189.4
123.3
112.4
155.3
131.0
162. 2
136.2
144.7
120.2
135.2
146.3
145.9
116.4
156.6
139.2
165.2
143.4
142.5
132.9
149.7
155.5
132.1
119.2
164.0
135.8
164. 0
140.8
141.0
123. 5
138. 6
150.0
176.9
73.2
178.1
141.7
175.8
] 55. 3
155. 4
148.5
168.2
172. 5
157.9
60.4
179.8
138.7
183. 7
150.4
152.9
139.8
167.0
173.0
171.4
56.3
174.7
141.7
175.0
150. 9
138.9
138. 4
176. 0
167.1
152.5
56.5
175.4
146. 5
175.6
153.1
134.3
136.2
149.8
175.8
146.8
56.8
162.0
151.7
175.9
155. 8
129.6
130. 7
132.5
202.6
142. 3
62.3
153.4
155. 6
180.2
156. 3
124.6
127.2
123.4
200. 3
163.1
62.6
157.0
162.2
192.2
159.3
'141.4
139.0
136.7
188.8
180.7
64.6
156.9
168.7
201.4
166.5
115.3
147.1
138. 2
' 189.9
163. 5
61.1
153.1
163.9
214.2
160.4
125.2
142.0
142.3
183.6
181.0
218.0
146.0
153.0
151.0
162.0
157.0
178.0
164.0
188.0
165.0
178.0
169.0
208.0
164.0
174.0
170.0
181.0
171.0
172.0
177.0
200.0
182.0
212.0
183.0
220.0
111.6
110.0
116,9
116.4
164.9
121.3
120.7
126.0
110.8
118.5
124.4
125.0
124.6
128.9
129.3
133.4
129.5
137.0
132.3
138.8
135.2
142.3
v 132.1
p 137. 6
r 170.9
' 170. 0
p
140. 9
' 143.2
153.4
152.6
155. 6
155.6
164.7
159.9
170.4
175.7
170.0
109.1
170.0
168.3
175.2
170.1
170.7
168.2
173.4
170.8
169.0
172.4
167.3
174.3
168.9
172.4
122 0
123.9
130.7
127.0
249.6
113.9
97.0
132.3
108.1
136.1
116.1
133.6
123 1
127.1
130.2
135.1
129. 1
136.2
132.2
143.4
124.8
142.3
137.8
143.4
17, 237
671
14,102
671
14,832
674
27,515
675
11,854
673
11,750
671
13.174
671
14,437
672
14,219
674
14, 536
673
13,565
672
14, 781
671
14,997
671
10,278
245
8,427
242
8, 458
242
17,376
242
7,274
242
7,203
242
8, 503
243
8,640
244
8,573
244
9,105
246
8,733
246
9,607
246
9,599
245
5, 656
203
4,422
201
4,655
201
9,398
202
3,739
203
4,373
203
4,788
203
4,749
203
4,833
203
4,504
203
5,017
203
5,023
203
7, 335
207
5, 575
204
5,608
205
10, 898
207
3,819
202
4,804
206
4,469
206
5, 091
206
5,934
207
6,136
207
6,205
207
5, 775
207
6,156
207
6,094
207
38, 475
2,017
32,614
2,025
33, 776
2, 024
62, 498
2,024
28, 345
2,021
27, 466
2,019
30, 266
2,017
33,136
2,013
32,660
2,011
33, 025
2,011
31,705
2,011
33,675
2,012
33,847
2,015
15,111
493
54,294
1,611
11, 864
493
12,174
494
8,983
496
8,417
496
10, 470
495
11,442
494
12,648
494
30, 589
1,606
25. 407
1,607
32, 348
1,608
37,170
1,609
12, 222
494
38,457
1,609
10,441
494
40,417
1,605
12,363
494
36, 531
1,609
12, 200
493
38,711
1,603
23, 518
495
59,520
1,605
34,683
1,610
40,523
1,611
47,467
1,611
110.4
92.5
110.4
93.5
116.4
117.7
108.8
100.3
104.8
88.0
103.3
89.1
99.6
90.6
91.8
83.7
82.3
70.3
74.7
53.9
19.3
46.9
112
145
98
123
134
127
106
' 139
112
136
165
119
145
19.2
48.6
133
177
103
146
163
150
106
123
130
168
168
133
158
20.1
46.3
197
253
165
213
232
222
183
198
194
238
265
190
235
20.2
50.3
108
127
99
121
130
122
100
122
104
115
128
110
129
21.7
46.1
118
151
94
136
147
129
110
125
106
340
161
125
148
21.4
47.0
115
149
93
133
153
127
111
130
106
132
155
120
149
22.0
50.4
108
144
89
124
137
126
101
111
99
128
147
108
142
22. 4
56.3
100
124
85
121
128
109
98
117
92
116
137
99
137
22.7
60.3
83
116
67
97
105
100
88
94
81
92
120
87
138
103
144
75
117
134
127
114
115
94
112
147
114
158
133
171
' 105
155
161
171
133
145
120
143
'173
131
183
137
183
112
~165
170
130
160
209
145
19.7
45.2
99
127
74
114
120
108
85
95
94
117
114
101
132 I
'
r
'
'
p Preliminary.
beginning 1935; revised data beginning August 1941 are shown in the October 1942 Survey; earlier data will be published hi a subsequent i^sVe/"ForVevispd"cTata'bcginning
1935 for the index of department store sales for the Atlanta districtjsee p . 22, table 19, of this issue. The index for the Cleveland district has been completely revised: data
beginning 1919 will be published in a subsequent issue.
S-8
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
December 1942
1942
un liar y
February
March
April
May
June
July
bepAugust tember
DOMESTIC TRADE—Continued
RETAIL TRADE-Continued
Department stores—Continued.
iSales, total U. S., adjusted
1923-25=100..
Atlantat
1935-39= 100..
Chicago
..do
Clevelandf
.....do
Dallas
1923-25-100..
Minneapolis
__ 1935-39 = 100..
New York!
1923-25 = 100..
Philadelphia
1935-39=100Richmond..
..
do
St. Louisi
1923-25=100...
San Francisco
1935-39= 100..
Instalment sales, New England dept. stores
percent of total sales..
7.S
Stocks, total U. S., end of month;
Unadjusted
1923-25-100..
*128
Adjusted..
„
do...
Other stores, instalment accounts and collections: *
Instalment accounts outstanding, end of mo:
Furniture stores
Dec. 31, 1930*=100..
Household appliance stores....
do
Jewelry stores
do
Ratio of collections to accounts at beginning
of month:
Furniture stores.percent..
Household appliance stores
„ do..,
Jewelry stores
__do__.
Mail-order and store sales:
Total sales, 2 companies
thous. of dol. 174,045
Montgomery Ward & C o . . . .
....do
76, 068
Sears, Roebuck & C o d o . . . . 97, 977
Rural sales of general merchandise:
250.5
Total U. S., unadjusted
1929-31-100East
.
-.-.
do
South
...do.
Middle West
-do.
Far West
do
Total U. S., adjusted..
__.____.___do
i 192.8
East..
.-..do....
South
_
do
Middle West
_
do
Far West
do
117
153
119
134
106
138
116
1G0
133
14S
134
123
109
132
160
114
151
111
14fi
126
135
128
127
107
127
142
115
138
138
104
154
177
161
152
132
161
182
138
167
126
144
135
150
127
134
116
157
165
117
1G6
124
150
141
161
133
124
120
149
165
130
161
134
151
131
129
110
147
156
147
10.8
8.9
6.3
10.5
11.4
9.2
84
.
69
.
108
110
95
92
83
93
97
102
111
108
122
117
110.0
117.1
95.7
108.9
112. 5
98.4
110.0
110.1
122. 9
104. 9
103.3
110.9
101.8
100.3
102.4
100.8
95.8
97.6
11.8
11.2
17.7
11.5
10.8
18.3
11.4
11. 7
23.2
12.0
11.4
18.9
11.4
11.4
17.5
12.5
12.7
18.8
164, 394
68,138
98, 256
152,308
68, 345
88, 963
204, 339
85, 269
119,069
111,481
41,854
69, 627
99 640
37, 969
61, 671
216.4
221.8
299.9
187.7
223.0
166. 6
172. 3
202. 4
147.8
185.7
243.2
269. 1
330. 3
209. 6
235. 7
186. 9
208. 8
240. G
159. 9
194.3
287.9
320. 3
341.1
254.9
319.9
'ISO. 1
192.4
227.1
163.4
196.0
151.1
161.0
199.3
129. 6
135. 9
186. 8
196. 9
218. 5
163.0
183.6
105
137
117
128
113
'116
{•9
151.5
162 8
173. 5
136. fi
166.6
199.0
2i4.2
21'5 3
178. S
226. 7
149
121
162
139
143
143
133
114
139
170
126
166
'172
123
161
141
146
154
126
112
133
r
169
122
176
54
.
6.2
9.1
7.0
129
126
128
134
126
140
130
135
128
123
99.7
90.8
93.4
96.5
84.7
87.4
91.1
77.0
80.5
84.6
70.9
'72.3
79.9
••64.4
'68.6
76.1
69.3
65.2
12.6
12.5
19.1
13.2
12.7
20.0
14.0
12.8
21.9
14.3
13.1
'22.4
16.0
13.2
' 25. 3
15.6
14.3
25.5
131,894
55, 856
70, 038
133, 905
57, 604
76, 301
119,117
50, 762
68, 356
117,597
48, 476
69,121
104,118
42. 521
61, 597
113,447
48, 741
64, 706
142,022
61,495
80,527
185.6
204.9
224 0
165. 2
194.5
211.4
228.2
248.1
186. 4
236.3
175.6
183.3
202.0
155.9
200.1
191.1
192.4
229. ?>
167. 0
224.0
164.8
171.7
188.0
146. 6
188.8
179. 5
186.6
221.7
154.8
210.0
160.3
162. 9
179.4
144.0
203. 6
176.0
177.4
223.1
152. 5
213.7
137. 3
"!2» 1
158'! 6
118.9
193 8
188.1
179.9
233. 5
161.2
236. 3
160.8
153.3
178.0
135. 5
207.8
196.6
192.4
246. 9
164. 3
225. 6
214.2
201.1
262.8
185.7
272.2
202.6
204.6
238.0
181.1
232.6
54.2
51.6
10.2
41.4
2.6
56.1
53.3
11.5
41.8
2.8
56.8
54.0
11.7
42.3
2.8
56.2
54.0
11.2
42.8
2.2
54.1
52.4
10.2
42.2
1.7
120
157
108
147
123
134
126
112
105
130
147
108
104
143
125
134
123
217
97
122
144
108
130
169
148
157
165
131
123
152
194
152
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Estimated civilian labor force, employment,
and unemployment:
Labor force (Bureau of the Census) *millions_.
Employment*.
_
.do
Agricultural*...
do
Nonagricultural*--do
Unemployment*
do
Employees in nonagricultural establishments :f
Unadjusted (U. S. Department of Labor):
Total
thousands. _.
Manufacturing
_._.__do j
Mining
.do
Construction
.do
Transportation and pub. utilities, do
Trade
.do
Financial, service, and misc
.do
Government
do
Adjusted (Federal Reserve):
Total
do....
Manufacturing
do
Mining
do
Construction
do
Transportation and pub. utilities.do
Trade
... -do
Estimated wage earners in manufacturing industries, total (U. S. Dept. of Labor)*
thousands. .
Durable goods
do
Iron and steel and their products
do
Blast furnaces, steel works, and rolling
mills
thousands,.
Machinery, except electrical
do
Machinery and machine shop products
thousands..
Automobiles
do
Transportation equipment, except automobiles
thousands. _
Nonferrous metals and products
do
Lumber and timber basic products...do
b i \ \ mills _
r
_
do
53.4
49.4
8.4
41.0
4.0
54.5
50. 9
8.9
42.0
3.6
53. 7
50.7
9.3
41.4
3.0
35 062 i 35, 411
3, 295
6,711
4, 194
4,791
35, 998
14,109
029
1.771
3. 389
6, 679
4. 265
4,856
36, 346
14,133
928
1, 909
3.442
6, 667
4, 309
4,958
36, 665
14, 302
921
1,991
3,484
6,606
4, 324
5,037
37, 234
14, 641
923
2, 108
3, 519
6. 504
4, 355
5,184
37,802
14,980
918
2,181
3, 533
6, 496
4,371
5,323
35,933
35,805
13,794 j 13,832
953
930
1,991 j
1, 886
3,351
3, 366
6,862 I
6,812
36,040
14, 058
938
1.S26
3, 40S
6,690
36, 200
36, 440
14, 361
929
1, 768
3. 446
6,610
37,169
14, 758
929
1.853
3,471
6,609
37, 525 ' 37,618
14,911 ' 14,979
'901
' 918
'1.959
1,916
'3,482
3,490
' 6, 603
6,607
11,884
6, 546
1, 596
12,153
6,712
1, 609
12,442
6, 885
1,617
12, 630
6,993
1,616
X
4,558
13, 859
"'947
1, 594
3,270
6, 686
4. ISO
4, G92 j
933
1.625
146
933
791
435
P,Q ^
695
'38.348
' 15, 233
' 910
' 2,185
' 3, 542
' 6, 561
' 4, 397
' 5, 520
I
11, 327
5,940
1,506
11 185
5,928
1,516
543
542
11,363 !
6,034 :
1,537 |
11.515
6, 154
1,554
11, 645
6, 274
1, 568
543 I
544
1,001
546
1,020
548
1,030
549
1,050
546
1, 065
540
1,084
532
1,096
391
383
400
373
409
389
418
425
428
435
443
440
462
978 |
374
445
l£\
933
35o
494
60I
1,030 |
858 !
495 I
1,110
362|
495 I
1,208
35S
498
407
1,296 j 1,388
361 I
359 1
502 |
499 i
312 !
30"
1,500 I 1,604
363
368 I
506
508 !
313
313 i
1,677
369
494
303
R e \ lsed
p " n iimn i \
*^
n ft m i l s ' 1 c ' o n p ° - 7
J \ few n \ w o n s in diln foi 1<Hs 41, lo-ultm f n rT l i , n i i +1 i s» v r ] M M t i l l
f o i s , i , t ^ K i w n o i p - <• > f t ' ( N e \ c m b o » 1 9 4 2 S u r v e y .
+11
r
f Rt \ isul set K s Indt i s o i d < j n t i j 11
( u «• l i i i V11 i i i < i i <
c ( ' T
i
s n p 2 r I h 1'Mii i ' sissue
K (M N d d a t a b e g i n n i n g 1919 fort h e C l e y e land d M u c t v ill ix published in u u ^ d i v i 1 ' N S K
i I n v M m M <>t t MI t if A
i ii i ) i t i
i i i i l l l TT ( r ^ i K 1 i n e i ( l i ( ' t h e c o m p o n e n t g r o u p s , w i t h t h e e x c e p t i o n
of the t\ M!C K u p wd t m fu o ci \\, ^ r i e a d IM 1 - i " P I O I S K i M i P \ t t ( < i i
M » | » TI i i i i _ i <) I T 1 i t \ i K i s o i t h e c i p e r d i i " a r e i n p r o g r e s s ; t h e r e v i s e d d a t a w i l l
>
be published w h e i M ( \ isi >ns nc c i iph i< d fd if n i , . ii n i i u \ i U ' - M ' 1 ! ! i n i r i i • e ( e ( I t i ' M 2 n i ' v ( \ )
* New si I K S
Ind( M S < f n st i l m i n t K H " T (• U K i n l K t i ( h » t | ( s f ( I f r i r
H \ ( i i , r M c ' ^ ! c 1 1 ° p p l ^ n c t t o i e s be w i n n i n g J a n u a r y 1940 w i l l b e s h o w n i n a s u b (
sequent ISMK (\ new s m e s c n anu unl of i si iJm n t • u c o u r u w u f s t n (lir « is H i d u e n o n p - 1 1 ) r{} c ( M i n i J U S o i i i \ h n h b o r f o i c ( , e m p l o y m e n t , a n d u n e m p l o y m e n t
c
relate to per&( ns 14 \ e a r s oi a t e mid o u r cv <udi U HIM M If I )T1 ll ]H)pUi Moll 1 1 11 ( e
1
i p i s o n s i n ' e ' I . I K (i l o u t c T» r s o n s o n p u b l i c e m e r g e n c y p r o j e c t s
p
are included with t h e u n e m p k n t d d u i K
il A i n l 1910 V ill be . I o u n m a s r b s i ( 11 i s , L
v
> on wage earners in manufacturing
J>c i a 1 (y_11 n u i - , H i{) U/i
industries will also be sho\>n m a latex lbsu
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
October
S-9
1941
October
Novem- December
ber
1942
January
February
March
April
May
June
July
SepAugust tember
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Wage earners, manufacturing industries*—Con.
Durable goods—Continued.
Furniture and finished lumber products
I
356
404
405
386
388
thous._
401
372
390
377
368
361
356
354
174
198
200
187
Furniture
do
197
186
189
179
177
174
172
170
170
355
367
389
389
382
Stone, clay, and glass products
do
363
363
367
302
364
355
357
356
5,566
5,490
5,412
5, 387
5,257
Nondurable goods
do
5, 330
5,361
5,371
5, 338
5, 356
5, 441
5,557
5,638
Textile-mill products and otherfiberman1,253
1,299
1,283
1,299
1, 296
1,284
ufactures
thous __
1,287
1, 283
1,280
1,278
1,273
1,263
1,252
Cotton manufactures, except small wares
499
505
496
497
502
503
507
thous. _
508
509
509
507
505
103
100
101
103
100
102
102
Silk and rayon goods
do
105
105
106
105
103
98
Woolen and worsted manufactures (ex190
188
177
cept dyeing and finishing) •_thous-180
181
190
183
183
183
181
180
Apparel and other finished textile products
848
913
850
886
877
897
906
896
874
thous__
813
807
852
846
241
259
247
254
253
256
259
259
256
Men's clothing
do
248
241
247
246
253
282
256
269
266
275
277
272
263
Women's clothing
do
229
231
253
252
350
375
373
370
378
380
387
381
375
370
Leather and leather products
do
368
361
350
198
216
217
210
217
220
225
222
218
214
Boots and shoes
do
213
209
200
1,124
1, 049
926
1,001
966
914
899
906
924
970
Food and kindred products
do
1,077
1,152
1,239
265
245
237
244
240
238
239
237
239
245
Baking
do
254
258
263
195
195
100
145
111
120
92
Canning and preserving
do
99
87
191
248
95
322
175
150
171
155
165
174
160
164
160
180
Slaughtering and meat packing
do
179
165
178
99
97
92
99
97
92
93
94
95
97
Tobacco manufactures
do
95
91
98
296
329
323
329
330
307
320
296
321
293
Paper and allied products
do
321
314
292
151
163
165
164
164
160
165
155
165
152
Paper and pulp
do
165
163
151
Printing, publishing, and allied industries
342
325
354
349
347
335
329
325
322
318
thous-319
319
316
650
459
476
494
467
520
547
571
582
593
Chemicals and allied products
do
606
616
631
110
105
106
105
105
107
110
110
110
112
Chemicals
do
112
111
111
126
123
122
123
123
122
124
124
126
Products of petroleum and coal
do
124
127
127
127
78
79
78
78
78
78
Petroleum refining
do
79
79
79
80
80
81
81
162
145
162
162
161
144
Rubber products
do
144
138
137
141
148
153
158
59
73
68
67
Rubber tires and inner tubes
do
58
58
58
59
62
66
6S
70
Wage earners, all manufacturing industries,
136. 5
154.8
138.3
138.4
139.0
138.7
142.1
unadjusted (U. S. Dept. of Labor)f .1939= 100140. 6
143.4
145.1
148.3
151.9
154.2
164.2
197.2
163.3
164.2
164.5
167.1
Durable goods
do
173. 7
170.4
181.3
185. 9
190.6
177.1
193.6
152. 9
152.1
151.5
164.0
151.9
155.0
Iron and steel and their products
do
156. 8
158.2
160.9
162. 2
163.1
159.1
163.0
Blast furnaces, steel works, and rolling
139.6
135.6
139.8
139.4
139. 9
139. 8
mills
1939=100-140. 6
140. 0
141.3
141.0
140.4
138.9
137.0
180.3
173.8
174.2
177.3
211.0
193.0
Machinery, except electrical
do
185.1
189. 5
194. 9
201.5
205.1
207.4
198.6
Machinery and machine shop products
185.0
220.7
177.2
178.8
181. 3
189.1
193.3
1939=100-.
197. 9
202.2
206.6
209. 9
214.9
217.6
110.6
118.6
141.1
142. 5
128.5
98.1
95.2
Automobiles
do
101.1
106.3
110.1
114.8
92.8
Transportation equipment, except auto587.7
465.4
495.5
532.6
648.8
699. 2
761.1
mobiles
1939 =100-_ 1, 099. 6
816. 8
874.5
944.8 1,010.6 1, 056. 3
154. 7
156.4
155. 6
155.6
161.7
156.0
157.9
Nonferrous metals and products
do
156. 0
156. 5
157.3
158. 3
160. 7
161.1
117.6
115.1
126.6
122.3
121.0
117.7
Lumber and timber basic products- -do
117.8
118.4
118.7
119.4
120.3
120.8
117.5
105.5
102.3
109.9
108.1
115.1
105. 9
Sawmills
do
106. 2
107.4
107.0
108.2
108.6
108. 7
105. 0
Furniture and finished lumber products
117.6
122.4
108.4
123.1
123.4
118.7
118.2
1939= 100..
114.7
113.4
112.0
109.9
108.4
107.8
117.7
123.6
109.2
124.2
125. 4
118.4
Furniture
do
116.9
112.4
111.3
109.6
107. 9
107. 0
107.1
125.1
130. 2
121.0
132.6
123. 5
132.4
124. 9
Stone, clay, and glass products
do
123. 8
123.8
123. 5
121.1 ! 121.5
121.2
114.8
117.6
121.5
119.8
116.3
117.2
Nondurable goods
do
118.1
117.0
116.9
116. 5
118.8
121.3
123.1
Textile-mill products and other fiber
112.1
113.6
109.5
113.3
112.2
112. 2
manufactures
1939 = 100..
113. 5
112.5
111.9
111.7
111. 3
110.5
109.5
Cotton manufactures, except small wares
126. 0
125.6
127.6
125.1
125.5
126. 7
1939=100.127.0
128.1
128.3
128.5
128.5
128.0
127.6
83.4
83.4
84.5
85.7
85.0
85.3
Silk and rayon goods
do
86.3
87.9
87.2
86.0
81.9
88.4
87.8
Woolen and worsted manufactures (ex125.7
128.6
127.4
127.1
120.3
cept dyeing and finishing) _ -1939= 100_ _ 118. 6
119.7
120. 9
122. 5
122.6
122.7
121.3
120.3
Apparel and other finished textile products
107.7
107.4
111.1
112. 2
113. 6
1939=100-.
115.7
114.8
113.5
110.7
103.0
102.2
107.9
107.2
113.0
110.4
116.1
115.8
116.9
118.4
Men's clothing
do
118.6
118.5
117.2
113.4
110.1
113.1
112.4
94.1
93.2
99.1
101. 4
103.9
98.1
102.0
Women's clothing
do
100.0
96.9
84.3
93.2
85.0
92.6
.107. 6
100.7
106. 5
109. 5
108.1
111.5
109. 7
109. 0
Leather and leather products
do
108.1
106. 7
104.0
105. 9
100.9
99. 6
91.0
96.3
98.8
100. 9
101. 7
103. 0
99.4
Boots and shoes
do
99. 9
98.2
95.6
97.6
91.7
108. 3
131.5
117.2
106. 0
122.8
107.0
105. 2
113.0
Food and kindred products
do
108.1
113.5
134. 8
126.1
145.0
102. 8
114.7
102.9
105. 7
106.3
103.1
103. 4
104. 2
Baking
do
103. 8
106. 0
111.8
110.0
113.8
74.1
145.2
107.8
144.8
73. 9
64.4
82.3
Canning and preserving
do
68.6
70.6
89.1
184.4
142. 3
239.1
142. 3
144.8
128.5
124.5
136. 4
132. 6
136.7
132. 6
Slaughtering and meat packing
do
136. 9
144.0
148.6
149.1
147.3
98.4
106.1
104.0
105. 6
101. 3
104. 4
101. 4
Tobacco manufactures
do
99.7
97.2
99.0
103. 5
100.2
105.4
121. 8
111.3
123.8
124.1
121.0
124. 3
121.1
120 5
Paper and allied products
do
118. 3
115.6
110.3
111.6
110.0
119. 9
109.7
118.7
119. 2
120.1
120.2
119. 5
119.9
Paper and pulp
do
118. 9
116. 6
110.6
109. 6
112.5
Printing, publishing and allied industries
104.1
108. 0
102.2
99.1
106.3
105.8
100.2
99.2
98.2
1939=100..
97.0
97.3
97.1
96.4
171.4
165. 2
180. 3
225.7
159.1
162.0
189. 7
198. 0
201. 9
Chemicals and allied products
do
205. 8
210.3
213.6
219.0
152. 8
151. 6
154.2
158.0
150. 3
151.4
157. 4
158.1
158.8
Chemicals
do
160.7
160. 2
158.9
159.1
114. 8
116.3
115.5
118.5
116.3
116. 2
116.6
117.4
117. 5
Products of petroleum and coal
do
119. 2
120.0
120.1
119. 6
106. 5
106.3
106.8
109.1
106. 5
106. 5
107. 8
108.4
108.7
Petroleum refining
do
110.1
110.8
110.3
110.6
133.1
119.0
133.6
134.0
133.6
120.1
118.8
114.2
113.5
Rubber products
do
116.6
126. 7
122.0
130.3
123. 5
106.4
134.8
125.0
125. 2
107.0
109. 3
106.5
108. 9
Rubber tires and inner tubes
_do
113.8
126. 3
121.2
129.5
134. 9
135. 1
132.8
134.4
134.7
135. 0
135.7
Manufacturing, adjusted (Fed. Kes.)§ 1923-25=100
137. 7 <• 140. 1 r 143.9
145. 0
145.0
144.3
146.8
142.3
143.7
146.9
149.2
Durable goods
do
146.7
151.7 p 156. 3 r 162.1
165.7
167. 2
Iron and steel and their products, not in1389
139.0
138.2
cluding machinery
__ .1923-25=100..
138.3
136.5
134.1
134.2
135.5 r 13G.3
134.7
135.3
133.7
Blast furnaces, steel works, and rolling
149
150
mills..
_
..1923-25 = 100..
148
148
149
149
148
151 j
153
153
151
149
104
110
Hardware
do
115
113
94
91
90 I
93
96
Structural and ornamental metal work
1923-25=100..
107
107
108
112
107
116
113
116
117
121
119
122
Tin cans and other tinware..
.do
138
141
147
127
141
115
122
110
105
99
101
96
Lumber and allied products
do
76.9
79.2
76.4
78.1
73.8
77.9
75.4
73.2 i '72.4
'72.7
7.1.2
69.4
Furniture
_
do
104
101
108
101
105
104
103
100 |
97
95
91
88
Lumber, sawmills
_
do
67
67
64
70
66
64 !
64
63
63
61
r
Revised.
§ Adjusted indexes of manufacturing employment have not as yet been computed on a revised basis corresponding to the unadjusted indexes on a 1939 base which have
been substituted for the unadjusted indexes on a 1923-25 base formerly shown. The adjusted indexes on the old base shown above will be replaced by revised series when
available.
*New series. Data beginning 1939 for the estimates of number of wage earners in manufacturing industries will be published in a subsequent issue.
d in a subsequent issue.
fRevised series. The Department of Labor's indexes of wage earner employment in manufacturing industries have been completely revised; for data beginning January
i d f dt
mpletely
1939, see pp. 23 and 24 of this issue.
S-10
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
October
December 1942
1941
October
1942
Novem- December
ber
January
Fe bruary
Mar eh
April
May
June
July
SepAugust tember
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Manufacturing, adjusted (Fed. Res.)§—Con.
Durable goods—Continued.
Machinery, exel. transp. equipment
1923-25 = 100._
Agricultural implements (including tractors)
1923-25 = 100..
Foundry and machine-shop prod.--do
Radios and phonographs
do
Metals, nonferrous, and products
do
j
Stone, clay, and glass products
do
{
Brick, tile, and"terracotta
do
i
Glass
do._. J
Transportation equipment
do
Automobiles
do
1
Nondurable goods
do
[
Chemical, petroleum, and coal prod..do
Chemicals
....
do
Paints and varnishes
-do |
Petroleum refining
do j
Rayon and allied products
...do !
Food'and kindred products.
-do I
Baking.
do
Slaughtering and meat packing
do
Leather and its manufactures.._'_
do
Boots and shoes
do
Paper and printing
.
...do
Paper and pulp
do
Rubber products
.do
Rubber tires and inner tubes
do
Textile? and their products
do
Fabrics
.
do
Wearing apparel
do
Tobacco manufactures.
...do
Manufacturing, unadjusted, by States and cities:
State:
Delaware
1923-25=100..
Illinois
1935-39=100..
lowa
1923-25=100Maryland..
1929 31 = 100Ma?snebupetts
1925-27 = 100New Jersey
1923-25=100..
New York!
1935-39= 100Ohio_
.
... do
Pennsylvania
1923-25=100...
Wisconsin
1925-27 = J 00—
City or industrial area:
Baltimore . ,
1929-31 = 100..
Chicago
.
1935-39=100.Clevcland
do
Detroit
. _
1923-25= ion,.
Milwaukee
1925-27=100..
New Yorkf
..1935-39= 100._
Philadelphia
1923-25 = 100.. j 134.4
Pittsburgh
do_. i 122.0
St. Louis
.-.1937=100..
162.8
Wi'mingfon
1923-25 = 100..
Nonmanufacturmg, unadjusted (U. S. Department of Labor):
Mininer:
46. 3
Anthracite
..1929 = 100..
CO. 7
Bituminous coal
do
77. 4
Metalliferous
do
55.1
Crude petroleum producing
do
50. 0
Quarrying and nonmetallic
do
Public utilities:
j
82 9
Electric light and powrr_.
_.
do |
76! 0
Street railways and busses
do
93.4
Telephone and telegraph
do !
Services:
|
Dyeing nn<:\ cleaning
do J 124.0
Laundries
do j 115. 6
95. 3
Year-round hotels
,__
.do |
Trade:
94.4
Retail, total.._
..do !
General merchandising
„
do ! 121.0
89.6
Wholesale
do..,
Miscellaneous employment data:
Construction. Ohio
1935-39 = 100..j..
Federal and State highways:
Totalt
number.
Construction (Federal and State).-do
Maintenance (State)
do
I
Federal civilian employees:
United States
do
District of Columbia
do
Railway employees (class I steam railways):
Total
thousands. -1
Indexes: Unadiusted..
...1923-25=100.-! 74.0
Adjured
d o . . . - | 72.0
LABOH CONDITIONS
« 107. 0
•
' 200. 4
' 202. 7
r
206. 9
'212.3
218.6
219.7
151
161
100
153
155
157
220
23;
250
147. 1
146. 7
146. 8
105.0
100. 96.9
81
78
75
135
126
124
'211.0 '216.2
' 220. 7
96
84
M
125.2
123.' 123,1
151.8
154.7
155.9
190
192
IS 5
145
142
141
130
131
132
313
308
309
148.4
147.6
144.4
153
152
130
138
137
98. 8
96. 3
97.4
95
92
93
125.2
123.4
122.0
130
130
130
99. 6
98. 3
97. 5
75
73
73
112.0 110-0
109. 4
104.1 102-2
102.'5
125.1 122-8
120. 0
66. L
69.2
66.
157
100
249
145.8
94.7
71
124
' 230. 9
79
123.3
157. 4
194
137
132
317
162
161
223
146.5
90.9
67
122
' 246. 2
112. 3
151
13S
98.1
95
121.3
130
93.7
73
110.9
104. 8
119.7
65.8
124. 3
159. 1
195
131
133
318
143. 7
151
141
100. 0
97
119.5
128
94.5
75
112. 3
105. 5
122.7
63. 6
166
165
195
147.8
90.8
65
119
' 2C8.4
89
' 124, 7
,
7
' J97
127
133
324
143.8
153
146
100.1
98
118.5
126
98.1
78
112.2
107.2
118.5
64.1
169
168
199
' 150. 3
91.0
65
'118
' 295. 2
96
' 126.6
' 162.4
'193
126
133
311
' 149.2
159
151
95.3
92
' 117.3
122
' 103. 4
83
' 114.6
108.1
123.8
64.8
173
172
196
151.3
89.9
63
1.18
314.4
99
125.2
163.0
193
128
334
30G
150.4
162
152
91.2
88
116.1
120
106. 4
86
111.4
106. 2
118.2
64.7
168
171
193
149.0
89.5
62
119
329.1
103
123.8
161.2
190
127
132
308
152.2
163
151
90.5
87
114.4
119
107.4
88
108.2
103. 5
114.1
64.9
138. 7
136. 9
154. .
5
157. 4
101. .3
150.1
145. 4
140.9
139.9
136. 4
153. 4
160. 7
102. 0
151.6
145. 2
142. 8
113.0
129.6
145. 2
136. 3
156. 0
164.0
101.8
153.3
144. 0
143.7
112.2
131. 2
151.4
136. 0
158. 5
165. 3
101.5
153. 1
139.4
146.2
113.6
133.2
153. 5
137.5
159. 8
171.6
101.8
153.3
142.3
148.4
114.1
135. 5
166.7
141.5
162.0
175. 9
102.7
158. 4
146. 4
' 151. 5
'114.7
136.9
168.7
141.2
163. 6
' 177.2
103.3
' 161. 7
149.7
155. 7
114.7
161.2
137.6
157.3
115.7
141.8
131. 9
123. 8
119.4
128. 7
128.1
164. 2
136. 6
159.3
118.6
144. 9
128.3
125.4
119.3
' 132.0
130.8
170.4
138.7
165.0
133.5
152.2
119.5
128.7
119.9
r
139.0
138.1
174.5
142.3
' 167. 0
137.9
155. 4
130. 0
'131.4
120. 4
' 138. 9
' 150. 2
'174.8
142.9
168.5
143.1
157. 6
133.2
'132.5
120.4
138.6
' 155. 0
45.5
92.7
81.8
57.6
51.9
'46. 8
93.0
81.5
57.2
51.6
46.7
92.3
'80.3
'56.7
51.5
46.7
'91.6
'78.6
' 55. 8
50.7
87.5
74.0
92.5
86.9
74.8
93.5
85.9
75.0
93.8
'84.2
'75.7
'93.6
127.6
113.7
96.1
130.1
114. S
95.5
126. 9
119.1
94.4
123.7
<• 123.0
117.4 ! <• 116.4
93.4 I ' 93. 9
94.0
109.5
91.2
92.8
108.4
90.4
90.3
103. 6
89.7
89.4
103.9 j
90.3 |
180.2
182.3
180
148
179
143.1
98.9
73
131
204.7
129
123.8
147.1
181
144
129
323
140.7
15:
126
99.6
96
124.9
128
110.1
86
112.9
105.4
124.7
64.1
167
172
149
150
194
206
142.2
143. 4
100.9
101.6
77
» 76
132
133
'205.8
209.6
111
127
126.0
125. 6
149.2
148.2
187
184
144
144
129
128
320
320
147.5
147.0
152
152
127
133
104.2
103.1
101
100
124.8
125.9
129
129
109. 4
110.1
85
86
113. 3
113.2
105.1
104.4
126.9
128.2
65.0
66.5
137.8
139.1
161.5
145.4
100. 2
144.4
142.5
137.5
110.9
126. 7
136.1
139.0
161. 7
146. 4
100.1
145. 3
141.1
137. 2
111.0
126. 5
144.8
139.4
149.3
117.3
135.9
130.1
116.3
118.0
120. 8
122.4
146.2
140.2
151.0
119.0
134.9
126.3
118. ]
118.4
r
119.7
125.5
50.3
95.3
79.7
61.6
54.1
50.2
95.1
79.5
60.9
52.6
49.1
95. 5
80. 2
61.1
50.9
49.0
95.1
80. 7
61.3
46. 8
48. 8
94. f\
81. 0
60. 6
46.7
48.4
93.8
81.9
59.7
47.7
47.8
S3. 5
81. 9
58.8
50.3
48. 2
92.9
82 2
58! 1
51.7
94.1
70.3
90.6
93.4
70.2
90.1
93.1
70.6
90. 0
92. 0
70. 4
90. 4
90. 5
70. 7
90. 3
89.6
71.2
90.5
88.9
72. 1
91.2
88.0
72. 9
91.7 '
121. 2
111.2
96.2
117.2
108.9
96.1
113.3
108.4
95. 3
109.8
108.8
94. 2
109. 5
107. 6
94 1
113.8
107.9
93.5
121.3
110.3
95.2
101.0
116.4
96.3
103.0
125. 9
96.3
113.0
161. 5
96.3
95.4
105.1
94. 9
91 0
103 2
94.3
94.4
105. 9
93.9
94.3
108. 6
92. 7
131.9
137.7
'185.2
137.1
139.1
162.8
147.0
100.4
145.7
141.2
136.9
111.5
126. 6
'189.4
137.8
137.2
158.2
149.5
99.2
145.8
138.9
135.3
110.3
124. 9
146.9
149.8
140.6
13P. 1
151.8
151.5
'.4
102.7
135.8
134.3
126.7
121.9
118.7
117.6
119.3 I 118.5
r
120. 9
' 121.2
125.7
127.7
138 J
137.7
153.3
153.4
100.5
148.3
143.4
135.4
111.8
125. 7
127.4 !
157.7! |
154.1
137.9
139.0
155.(5
152.8
111.0
104.6
137. fi
135 1
129.8132. 4
122.8
120.3
118.8118. f.
r
' 124 3
126. e '
127.5127. 8
162.3
157.2
146. 4
125. 6
125.1
300,381
135,622
124,523
270,202
111,755
118, 559
224, 762
75,131
110,311
194, 092
49,113
105,920
183, 559
44,852
101,087
191,444 218,037
52,975 I 72 420
102,023 | 105,441
165. 5
136.1
162. 7
127.1
147.8
116.5
127.1
119.8
' 135.4
137.0
142.8
236, 929
90,103
107, 804
137.5
124.8 ' 122. 5 !
91.7
112.0
89.4
120. 2
238,722 j 219,047
90,022 ! 80.836
117,972 ! 109,076
,511,682 1,545.131 1,670,922 1,703.099 1.805,186 ! 1,926,074 1,970,969 2,066,873 2,2(16,970 2,327,932 12,450,749 2,549,474
194,265 | 199,283 207,214 223,483 I 233,403 I 238,801 248,100 256, 457
268, 383 274,001 | 275,362 | 281,423
1, 243
68. 2
66. 3
1. 227
67. 3
66. 8
1,211
66. 3 I
68.0 j
1,192 !
65. 4 i
68.2
1,193 !
65. 4 I
68.0
1, 215
66.6
1,266
69.4
70.0
1,296
71.1 !
70.3
1,319
72.4
70. 8
1,343
73. 7
71.8
1,349
74.0
1.322
74.0
'43.2
42.8
43.4
42.4
j
Average weekly hours per worker in factories:
41.6
42.4
Natl". Ind. Con. Bd. (25 industries)..hours.J
41.7
42.4 I
42.7
42.8
42.7
41.1
41.2 I
TJ. S. Dept. of Labor (90 industries)
do
!
42.2 I
42.5 i
41.5
42.4
42.6 i
r
Revised. § See note marked."§" on p. S-9.
1 Data for years prior to 1940, comparable with data beginning with that year published in the 1942 Supplement and currently, will
t Total includes State engineering, supervisory, and administrative employees not shown separately.
t Revised series. Earlier data for the revised employment index for New York City not shown in the July 1942 Survey and subsequent
i
236,102 240,633
89,999 I 94,191
112,000 114,361
r
42.7 I
42.6 !
42.6
42.4 i
be shown in a subsequent issue.
issues will be published later.
S-ll
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes rnd references
to the sources of the data, may be found in the October
1942 Supplement to the Survey
1942
15141
October
Novem- December
ber
January
February
March
April
June
May
July
A u
Sust
temb'ci
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR
CONDITIONS—-Continued
Industrial disputes (strikes and lockouts):
Beginning in month
_._mimber_.
In progress during month
.
do
Workers involved in strikes:
Beginning in month
thousands..
In progress during month
do
Man-days idle during m o n t h . .
do
Employment security operations (Soc. Sec. Bd.):
Placement activities:
Applications:
Active
file
thousands..
New and renewed
_
do
Placements, t o t a l . .
do
Unemployment compensation activities:
Continued claims
thousands..
Benefit payments:
Individuals receiving payments § . do
Amount of p a y m e n t s .
thous. of dol__
Labor turn-over in manufacturing establishments:
Accession rate . . m o . rate per 100 employees. _
Reparation rate, total.
do
Discharges...
do
Lay-offs
_.~
do
Quits
_.do
M iscella neous
do
432
664
271
464
143
287
155
255
190
275
240
320
310
405
275
375
350
440
400
520
350
475
290
400
198
248
1,925
228
339
1,397
30
59
476
33
49
390
57
80
425
65
80
450
55
85
375
58
72
325
100
117
550
100
450
80
100
450
80
90
450
4,229
1,488
935
4,234
1,327
583
4,413
1,603
493
4,899
1, 956
439
4,888
1,532
427
4, 559
1,567
511
4,398
1,576
4,254
1,565
784
4,280
1,841
925
1,403
1 2, 400
1,213
' 1, 398
2,548
2,597
3,618
4,584
4,103
3,977
3,512
2,970
3,159
3,207
430
21, 430
471
21,066
523
27,847
797
41, 056
838
39, 884
803
43,035
668
36, 311
610
31, 704
553
30,226
575
32, 625
4.87
4.13
.28
1.41
2.11
.33
3.91
3.51
.24
1.44
1.57
.26
4.76
4.71
.29
2.15
1.75
.52
6.87
5.10
.30
1.61
2.36
.83
6.00
4.78
.29
1.35
2.41
.73
6.99
5.36
.33
1.19
3.02
.82
7.12
6.12
.35
1.31
3.59
.87
7.29
6.54
.38
1.43
3.77
.96
8.25
6. 46
.38
1.21
3.85
1.02
8.28
6.73
.43
1.05
4.02
1.23
543
28,252
7.90
7. 06
. 42
.87
4.31
1.46
186.8
228. 9
202. 0
185. 0
228.0
200.4
191.0
236.0
206.1
195.9
248.5
211.1
202.9
257.9
220.0
209.1
267. 2
226.6
214. 7
277.1
230.5
221.1
288. 0
236.1
226. 3
298. 9
241.2
234.1
309.9
245. 5
245.5
326. 6
251. 0
180.6
244.9
182.2
241. 7
183.4
259. 3
181.8
274. 5
187.3
288.1
189. 8
299.6
188.2
307.1
191.7
317. 2
192.9
328.9
197.2
329. 5
196.5 I 200.0
342.6 j 342.1
250. 6
194.1
247.3
194.1
263.1
164. 3
277.9
170.3
289. 4
149.7
300.6
146.5
311.1
145.6
321.4
151.0
335. 2
158. 3
335.7
165. 1
350.7 I
176. 5
694.6
207. 2
161.0
147.2
735.9
203.8
147. 2
132.1
846.9
213.9
145.1
128.0
1, 015.1
218.4
140.7
126.5
1,112.1
222.9
148. 7
135. 2
230.4
150.5
137.1
1, 325.0
232.4
154.8
141.1
:, 428. 3
236.3
161.1
147.9
1, 525. 0
241. 7
172.1
158. 9
1, 685. 8
247.7
171.4
157.4
1,842. 3
257. 2
180.5
164.3
1,971.0
258.3
174. 3
158.6
160.8
163. 9
164. 6
145. 6
156.4
161. 5
159.9
143. 0
160.4
164.3
161.5
147.1
149.5
150.8
149.9
144.4
156. 7
157.8
155. 9
149.1
157.8
156.7
157.6
152.3
156.7
153.4
160. 2
153. 7
157.5
156. 6
163.2
155.7
155. 5
153. 1
161.4
155. 4
151.6
149.9
157.3
160.0
154. 2
154.4
163. 3
166.1
151.7
153.0
162.0
169. 5
147.8
146.3
152.0
149.9
152.1
153.4
155. 8
158.3
158.7
159. 5
163.6
164.2
173. 0
110.0
178. 8
112.3
181.2
111.7
185. 6
118.9
187.2
122.3
190.1
127.2
196.1
127.8
195.9
.128. 2
193.0
126.2
202, 2
126. 9
208.1
126.5
1
3, 254
1, 656
1,006
982
2,576
2,026
423
22, 395
9.15
8.10
.44
.68
6.98
5.19
PAY ROLLS
Weekly wages, all manufacturing industries,
unadjusted (U. S. Dept.of Labor)f.l939=100 .
261. 0
Durable goods
do
350. 0
Iron and steel a?.icl their products
do
263. 5
Blast furnaces, steel works, and rolling
mills
1939=100..
202.3
Machinery, except electrical
.do
359.2
Machinery and machine shop products
1939 = 100368.7
Automobiles
do
192.5
Transportation equipment, except automobiles
1939 = 100.. 2,038.0
Nonfcrrous metals and products
do
267.7
Lumber and timber basic products....do
181.8
Sawmills
do
165.0
F u r n i t u r e and finished lumber products
1939=100-.
162.5
Furniture
do
165.3
Stone, clay, and glass products
do
172.6
Nondurable goods
do
174.0Textile-mili products and other fiber manufactures
1939=100..
170.2
Cotton manufactures, except small wares
1939 = 100..
210.5
Silk and rayon goods
do
131.3
W7oolen and worsted manufactures (except dyeing and finishing) . 1939= 100
197. 7
Apparel and other finished textile products !
1939=100 .1 146.0
M e n ' s clothing
do
I 145.5
Women's clothing
do
i 129.1
Leather and leather products
do
j \h2. 5
Boots and shoes
do
j 142.7
Food and kindred products
do
J 169.5
Baking
do
j 143. 6
Canning and preserving
do
j 243.4
Slaughtering and meat packing
do
j 176.1
Tobacco manufactures
do
J 154. 4
Paper and allied products
do
j 156.1
Paper and pulp
do
159, 5
Printing, publishing, and allied industries
1939= J 00..
113.7
Chemicals and allied products
do
340. 3
Chem icals
do
231.0
Products of petroleum and coal
do
S 159. 6
Petroleum refining
do
! 146.4
Rubber products
do
193. S
Rubber tires and inner tubes
do
iso. 8
Manufacturing, unadj. by States and cities: i
State:
Delaware-...,...
Illinois
Maryland
Massachusetts
New Jersey
New York!
Ohio
Pennsylvania
Wisconsin
City or industrial area:
Baltimore
Chicago
Cleveland
Milwaukee
New Yorkf
Philadelphia
Pittsburgh...
Wilmington
r
*
173. 9
185. 9
180.0
169.1
171.2
177.1
129. 3
140. 0
106. 5
130.0
117.0
132.8
118.6
135. 4
143. 4
130. 3
152. 4
151.3
132.4
143.1
112.2
141. 6
131. 7
132.1
117.0
102. 0
157.6 !
130.0
155.1
154. 0
127.4
138.6
107.4
140.9
133. 7
130.1
117.5
95.6
170.0
123. 6
152.8
155. 8
147. 3
150.1
133.6
149. 6
142.5
127. 0
118.6
101.0
151. 6
122.7
153. 2
157.9
152. 7
157. 9
136.8
154. 7
148.5
126.6
119. 3
85.6
149.0
119.4
154. 0
159. 2
147.
115.0
209. 1
190.4
136. 8
124. 2
162. 6
149. 7
123. 5
218.9
194. 8
141.1
128. 7
159.0
138.2
114.1
230. 7
199. 3
137. 8
126. 6
147. 8
131. 2
111.4
244.0
200.3
143. 5
131.9
147. 7
129.5
169. 5
183.7
' 224. 4
120.7
188 5
190. 0
195.7
136. 2
173.2
171.9
181. 7
221. 4
119.5
190. 0
186.7
194.9
135.2
170.5
182.4
188.4
234.0
125.7
198.5
194.2
202. 8
139. 6
172.9
187.9
188.4
241.0
129.3
205. 3
197.8
203.6
139. 4
175.2
r 229. 5
180. 3
229. 8
175.0
157.3
149.9
150. 6
149.7
226.9
179, 9
229. 5
173.8
150.9
151.8
149 8
153.8
240. 4
186.9
239.7
180.2
J58. 7
159.0
153. 1
163.2
247.5
189.1
243. 7
182.0
156.7
160.6
153. 3
169. 2
J
1923-25-100..
1935-39=100..
1929-31 =100. ,|
.__1925-27=100_.j
1923-25=100.-1
1935-39= 100..|
do
i
.,1923-25 = 100. J
...1925-27-100. .|
j
....1929-31 = 100..!
1935-39 = 100. I
do
1925-27= 100..!
1935-39=100.-1
1923-25 = 100.. 1
do
|
do
!
270.9
220.4
330.4
160.4
260.5
248.4
167.1
228.7
329.2
21S.4
261.1
200.5
217.4
175.7
271.5
252.0
336.4
255.1
353.3
183. 3
184.0
186. 9
200.
198.1
196.3
155. 9
128. 3
152.7
146.1
128. 3
119.0
91.8
151.4
124. 7
151.6
156. 0
141. 2
156. 6
118.2
149.4
141.2
134.1
123. 6
94.7
158. 3
124. 6
149.9
154.8
123.7
143. 6
92.3
145. 8
136. 8
143.1
129. 9
123. 5
171.8
132.0
146. 7
152.8
125. 9
138. 6
101.2
146. 2
136. 9
157. 4
135. 2
213.7
175.4
133. 8
141.5
147.1
140. 9
146.4
120.1
143. 9
134.9
165. 9
138.5
2G9. 2
173. 4
144. 3
144. 4
149.7
137.3
142. 0
116.3
143. 2
134. 9
178.2
140. 9
374.1
173. 0
144. 6
144.3
148.4
110.8
261.5
206. 7
144. 3
132.9
153. 5
135.5
110. 0
279. 6
210. 6
143. 6
131. 8
146. 3
135.3
109. 0
292.5
217. 5
145. 6
132.7
153. 0
143. 3
108.0
302. 5
221.0
148. 3
134.7
159. 0
151.1
107.8
313. 6
225. 0
152. 2
137. 6
170.4
166. S
108. 1
322.3
221.6
154. 6
139. 9
178. 5
173. 4
108.9
329.1
221. 8
159.1
144.9
182. 5
176. 7
188.7
192.4
251.5
132.6
210.2
210 0
210.9
144.7
182.2
193.8
194. 3
259. 7
136. 4
219.2
216.4
223.3
146.8
188.1
199.4
195.9
276.7
137.6
224. 2
217.9
227.4
148.9
191.3
214.2
198.6
279. 5
141.4
230.0
219.4
233.5
151.1
197.8
220.0
200. 0
285. 3
142.1
230. 2
212.0
239. 6
154. 6
206.4
233.2
201.2
307.0
146. 9
234. 3
220. 3
251.5
155. 2
206.0
251.2
2.10. 3
310.1
150. 5
243. 0
2?9 8
' 255. 3
r 160. 3
216.0
264, 8
210.3
322. 3
154.8
* 255. 4
239.9
260. 5
r
161.5
212.3
256. 0
189.1
254. 7
187.0
176 6
168.6
157.5
169.4
263. 8
191.0
256. 5
195. 0
183. 1
174.6
158. 4
173. 9
281.3
192. 5
263. 6
204. 4
181.4
179.2
159. 5
178.1
282.2
193.5
273.6
216.2
175. 7
184.6
161.8
190.3
288.1
196.4
2S6. 2
222, 7
156. 8
190.3
165. 4
196.0
305.1
200.1
295. 1
229 2
166! 1
198. 2
161.9
200. 6
320. 6
310.2 !
206.7 I
209. 0
300. 9
301.2
244. 1
247.0
185. 5
194.4
r
r
212.1
205. 2
T
168.4
r 171.0
r
244. 6
' 255.1
5
!
!
!
!
I
!
6
r
Revised.
§ Weekly average of number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within the month.
Not comparable with earlier data owing to change in active file definition. Registrant must now indicate availability for referral at least every 60 days and must be unemployed or, if working, must be in nonesscntial activity or working below highest skill in essential activity. Counts will now be made in middle of alternate months.
^ Data for years prior to 1940. comparable with data hearinning with that year published in the 1942 Supplement ana currently, will be shown in a subsequent issue.
1
t Revised series. Indexes of weekly wages (formerly designated payrolls) in manufacturing industries have been completely revised; for data beginning 1939 see pp. 23-24
of this issue. Earlier data for the revised pay-roll index for New York City not shown in the July 1942 Survey and subsequent issues will be published later.
1
S-12
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
1929 = 100.
Bituminous coal.
.do...
Metalliferous
do...
Crude petroleum producing
do...
Quarrying and nonmetallic
do...
Public utilities:
Electric light and power
_.do___
Street railways and busses
do...
Telephone and telegraph
do
Services:
Dyeing and cleaning
do...
Laundries
do._.
Year-round hotels.,...
do...
Trade:
Retail, total
do...
General merchandising
.do...
Wholesale
do—
47.9
126.1
102. 7
64. 4
68. 6
49.2
122. 6
88.3
64.4
61.5
41.8
116.3
89.8
64.2
57.5
35.9
119.9
93.7
64.6
55.8
39.4
117.1
94.3
64.8
48.9
49.6
118.2
98.4
64.8
52.0
50.9
116.9
99.1
62.6
54.4
44.7
118.3
99. 1
63.2
58.1
51.5
122.1
100.8
62.0
63.0
56.0
140.3
102.0
63.1
65.1
45.9
112.7
101.6
62.4
65.9
'48.2
118.6
106.5
'62.4
67.4
'50.3
r 122. 2
' 103. 0
'64.5
'67.5
111.2
94. 9
126. 2
115.7
78.4
117.0
115.2
78.2
118.3
115.2
80.0
122.9
114.6
80.5
120.9
113.7
83.7
120.9
113.5
84.7
121.3
113.5
84.4
122.2
113.6
86.8
125.0
113.6
89.4
125.3
113.4
91.0
126.0
112.8
93.8
127.4
' 112.5
'93.6
' 130. 5
112.7
118.5
102. 3
98.5
103.4
91.9
93.0
101.9
93.2
88.6
102.6
93.3
86.5
103.8
91.5
85.6
102.5
92.6
92.7
104.3
91.6
105.7
108.6
93.5
113.1
113.8
95.4
117.7
115.2
96.6
109.2
117.8
96.5
106.4
116. 8
96.6
' 107. 9
' 117.3
'98.5
96. 4
121.8
94. 7
97.3
110.9
92.0
98.5
117.8
91.6
107.8
151.1
92.8
94.6
105.7
91.8
93.9
104.1
93.7
93.7
105. 2
93.9
93.6
108.0
92.2
94.0
108. 5
91.7
93.4
109.0
91.0
91.8
105.1
91.3
91.4
104.9
91.8
'93.1
' 112.4
'92.4
WAGES
Factory average weekly earnings: §
37.47
39.52
35. 65
35.74
38.68
38.14
Natl. Ind. Con. Bd. (25 industries)..dollars..
37.53
39.00
39.80
41.78
40.87
1
1
35.11
33. 70
32.89
36.11
32.79
37.46
36.63
35. 71
U. S.Dept. of Labor (90 industries)
do
37.99
?6. 43
37.38
i 37. 88
40.91
37.92
38.62
41.94
37.63
43.41
44.02
41.53
42.57
l 42. 51
Durable goods
do
» 43. 82 i 44.47
Iron and steel and their products, not in37.31
36.41
36.99
36.49
38.99
39.68
39.84
38.32
40.46
cluding machinery
dollars..
41.29
Blast furnaces, steel works, and rolling
39.13
39.26
38.63
39.06
40.22
40. 67
40.91
40.85
40.23
41.77
42.22
mills _
dollars..
32.94
35.84
32.29
32.07
37.22
37.77
33.67
34.66
38. 40
31.90
Hardware...
-do
39.61
Structural and ornamental metal work
38.00
37.59
40.85
41.63
34.89
36.89
40.65
41.14
39.95
dollars-.
••41.51
' 44. 76
44.81
r
29.64
29.56
29.21
28.89
28.97
27.39
29.26
29.77
28.16
' 30. 52
Tin cans and other tinware.
do
31. 41
31.48
23.80
25.12
25. 71
24.30
25.33
24.12
26.66
27.34
24. 94
27.26
Lumber and allied products..
.do.....
28.54
25. 47
27.26
26.61
26.75
26. 62
25. 95
28.05
27.91
27.84
26.46
29.03
Furniture
do
28.74
21.77
23.97
25.05
26.26
21.48
23.47
23.22
21.79
23. 20
' 26.14
27.34
Lumber, sawmills
do
27.25
43. 00
44.56
40.67
44.34
39.23
38.96
45.41
46.16
46.04
43.49
46.38
Machinery, excl. transp. equip
do
Agricultural implements (including
38.28
40.93
35.96
42.55
43.07
37.46
36.72
39.82
40.61
42.36
tractors)
dollars..
43.72
Electrical machinery, apparatus, and
40.68
42.62
38.90
37.78
42.21
37.16
42. 57
41.10
41.52
supplies
dollars. .
43.31
Engines, turbines, water wheels, and
57.75
56.48
56.15
49. 41
56.91
52.71
56.48
51.68
55.59
57.49
windmills
dollars..
54.00
Foundry and machine-shop products
41.09
44.71
43.49
39.86
38.84
43.91
44.46
41.98
42.90
38.00
45.74
dollars.. :
50. 81
50.79
52. 47
48.82
52.24
45.54
' 51. 41
50.87
51.43
45.17
' 52. 12
Machine tools
.
do
j
50.67
32. 17
34.31
32.01
29.42
35. 33
36.50
' 36. 55
32.84
33.88
30. 03
' 36.50
Radios and phonographs
____do
j
37.17
38.19
40.01
36.72
40.39
41.23
35.09
42.03
38.47
39.16
34.74
43.00
Metals, nonferrous, and products.._do
I
43. 54
44.56
40.81
44.73
45.81
46.79
43.62
43.77
37.79
48.02
Brass, bronze, and copper prod...do
|
I 38.24
28.04
30.00
29.21
29.38
30.59
30.31
29.90
29.77
30.02
28.49
31.10
Stone, clay, and glass products
do
j
24.62
26.71
25. 72
25. 71
27.07
27.56
26.10
26. 52
25. 13
27. 38
27.99
Brick, tile, and terra cotta
do
j
30.80
32.08
31.75
32.16
32.99
31.49
32.15
32.10
30.97
30.83
32.55
Glass
do.-.J
31.28
49.29
49.71
43.74
43.60
50.06
50.10
49.31
48.95
43.00
50.93
52.16
Transportation equipment
...do i
46.78
45.90
42. 50
39.29
44.97
45.24
39.84
46.22
46.67
' 46. 01
Aircraft
do
I
' 46. 24
47.19
49.36
50.29
40.97
44.32
50.08
48.92
49.34
43.84
50.20
49. 79
Automobiles
do
51.76
52.42
53.28
49.19
47.84
53.38
52.28
45.90
53.27
52.73
' 55.11
Shipbuilding
do
L.
56.93
58.63
1
27.78
20. 91
26.11
26. 95
28.26
28.32
27.35
27.68
26.11
28. 94
Nondurable goods
do
j
i 29.39
i 29.71
Chemical, petroleum, and coal products j
36.17
37.04
37.93
36.14
35.21
34.09
38.03
38.80
36.45
36.64
39. 35
dollars.. |
39.18
39.97
38.74
37.66
39.02
39. 52
41.06
41.21
42.09
37. 89
Chemicals
do
|
41.73
41.76
33.88
34.13
35.34
33.33
35.96
35. 78
35. 47
34.66
35. 25
33. 30
Paints and varnishes
do
j
' 35. 89
36.12
41.09
41.97
41.74
42.07
40.33
42.18
' 43. 00
42.64
42. 57
40.33
' 43.58
45.23
Petroleum refining
..do
j
31.71
31.13
32.05
30. 42
31.95
32.15
30. 50
32.13
32.07
32.20
' 32. 85
33.38
Rayon and allied products
do
29.06
29.18
28.28
27.14
28.56
28.94
29.90
30. 30
30.21
27.40
29.61
Food and kindred products
do
;
29.30
28.84
29.52
28.18
29.41
29.48
28.81
30.45
31.34
r 31.43
'31.69
33.97
Baking
do
j
31.49
31.82
33. 02
31.16
30.70
31.04
30. 77
31.87
32.86
32. 61
32.62
32.40
Slaughtering and meat packing..do
j
!
24.87
26.57
25. 08
23. 59
26.16
26.55
23. 16
26.35
26.09
26.46
26. 37
Leather and its manufactures.
do
25.21
23.36
23.64
22 07
25.32
21. 45
24. 86
24.84
24.48
24.71
24.89
~25~93
Boots and shoes
_'___..do
|
33.45
33.34
32. 66
33.68
32.98
34. 02
33.45
33.59
33.76
33. 75
34.50
Paper and printing
do
!
32.84
32, 82
31.73
33.50
31.98
32.40
32.94
33.14
33.28
33.09
' 34. 24
~34~27
Paper and pulp
do
j
35.91
33.54
36.32
34. 55
34.37
33. 50
34. 88
37.80
38.24
38. 88
39.46
Rubber products
do
i
42. 55
37.92
42.27
40.05
39.71
37.35
40.62
44.05
44.42
' 46. 08
' 46.04
Rubber tires and inner tubes
do
!
23.37
21.91
23. 25
22.14
21.56
22.29
22.94
23. 73
23.70
23.45
24.65
Textiles and their products
_..do !
23.20
21.80
22.90
22.32
21.66
22.46
22.73
23. 70
23. 79
24. 01
24.79
Fabrics
do
j
23.85
22.21
24.23
21.59
21.28
21.79
23. 52
23.72
22.47
22. 88
24.20
Wearing apparel
do
!
20.82
20.36
19.72
20.76
20.45
20. 65
20.05
21.25
22.16
22.10
23.09
Tobacco manufactures
do
j
Factory average hourly earnings: $
|
.853
.868
.878
.880
.906
.888
.860
.917
.928
'.940
.957
Natl. Tnd. Con. Bd. (25 industries)._..do
|
.801
.770
.819
.809
.787 I
.831
.803
.781
.840
.850
'.864
.885
U. S. Dept. of Labor (90 industries)
do
|. . . _ .
.853
.910
.865
.871
.893
.923
.933
.946
'.966
.994
Durable goods
do
Iron and steel and their products, not
.894
.904
.926 j
.909
.877
.886
.916
.933
.943
.937
.967
.997
including machinery
dollars. Blast furnaces, steel works, and rolling
.969
.983
.986
.996
.977
.990
1.000
.999
1.004
1.030
1.065
mills
dollars. . 754
.749
.741 j
.790
.746
.784 i
.750
.812
.827
.852
(a)
.871
Hard ware
do
Structural and ornamental metal workt
.892
. 852
.875
.840
.856 !
.905
.899 ! .891
.900
'.908
'.944
.967
dollars. .708
.709
.703 i
.713
.707
.720 ! .738
.736
.742
.749
'.757
.775
Tin cans and other tinware
.do
. 598
.632
.613
. fiO2
.607
.60? i
.620
.644
.659
.660
.677
.686
Lumber and allied products.
..do
.623
.667
.037
.649
.638 !
.641
.655
.677
.672
.673
'.680
.696
Furniture.-.
..do
578
.606
.573
.572 ;
.594
.584
.576
.646
.646
.620
'.665
.672
Lumber, sawmills
do
.863
.932
.871
.S84|
.910
.906
.945
.961
.955
.964
.997
Machinery, excl transp. equip._ do
.918
Agricultural implements (including
.917
.922 I
921
.955
1.002
.986
1.000
tractors)
dollars .950
Electrical machinery, apparatus, and
.864
.898
.903
.913
.932
.918
.926
supplies
dollars.
.906
r
a
Revised.
Comparable data not available.
i Weekly earnings for July-September are weighted averages and are not comparable with earlier data; percentage increases September 1941 to September 1942 are as follows: All manufacturing, 25.0; durable goods, 27.9; nondurable goods, 15.0.
X Hourly earnings for structural arid ornamental metal work revised beginning April 1942 on the basis of more complete reports.
§ The Department of Labor bos published average weekly and hourly earnings for July-September 1942 for the revised industry classifications shown for wTage earners
and weekly wages on pp. 23, 24, S-9 and S-ll; pending revisions of earlier figures, hourly earnings are shown here on the old basis in order to have comparable figures for the
entire
period covered; September weekly earnings, comparable with earlier data are available only as shown.
S-13
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941. together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1941
1942
October
October
1942
Novem- Decem- January | ®£ju*
ber
ber
March
April
May
June
July
SepAugust tember
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average hourly earnings!—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
Machinery, etc.—Continued.
Engines, turbines, etc
dollars..
Foundry and machine-shop products
dollars
Machine tools
.
do
Radios and phonographst
do
Metals, nonferrous, and products__do
Brass, bronze, and copper prod.—do
Stone, clay, and glass product
do
Brick, tile, and terra cotta
do
Olass
do
Transportation equipment
-do
Aircraft
do
Automobiles
do
Shipbuildingt
do
.Nondurable goods
. . do
Chemical, petroleum, and coal products
dollars
Chemicals_
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking _
do
Slaughtering and meat packing._do
Leather and its manufactures
do _
Boots and shoes
do
Paper and printing
.
do
Paper and pulp
do
•Rubber products}: _
do
Rubber tires and inner tubest do
Textiles and their products
do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
do
Factory average weekly earnings, by States:
Delaware
1923-25=100-.
Illinois
.
1935-39 = 100-.
Massachusetts
1925-27=100 .
New Jersey
1923-25 = 100..
New York
1935-39-100
Pennsylvania
1923-25=100..
Wisconsin._
.1925-27=100..
Miscellaneous wage data:
Construction wage rates (E. N. R.)«1
Common labor
dol. per hour..
Skilled labor
do
Farm wages without board (quarterly)
dol per month
Railway wages (avg., class I)..dol. per hour..
Road-building wages, common labor:
United States, average
do
East Norfh Central
do
East South Central . . _.
do
Middle Atlantic
do
Mountain
..
do
New England
do
Pacific
do
South Atlantic
_
do
West North Central-.
do _
West South Central..
do
0)
1.048
1.091
1.094
1.152
1.126
1.153
1.155
1.158
1.154
1.175
1.104
.843
.876
.701
.822
.890
.744
.655
.836
1.019
.872
1.091
1.059
.680
.849
.886
.705
.831
.894
.749
.657
.839
1.042
.903
1.116
1.070
.688
.858
.908
.726
.848
.918
.753
.666
.836
1.035
.918
1.107
1 063
.695
.874
.926
.739
.865
.94
.751
.669
.825
1.069
9f53
1 168
1 085
.701
.879
.928
.754
.872
.957
.759
.675
.830
1.061
.951
1.158
1.091
.702
.881
.943
.757
.884
.970
.762
.685
.826
1.052
.956
1.136
1.078
.707
.900
.944
.770
.897
.981
.767
.689
.834
1.057
.971
1.133
1.083
,714
.910
.965
.785
.908
.993
.771
.700
.835
1.069
.983
1.142
1.091
.722
.921
.974
.799
.920
1.000
.780
.708
.834
1.071
'.989
1.137
1.0S8
.727
.924
'.975
r804
.935
1.027
.787
.714
.842
1.091
'.991
1.144
1.138
.732
.942
.987
'.838
. 954
1.047
.798
.727
.842
1.114
.993
1.145
' 1.189
.738
.861
.921
.808
1.097
.773
.679
.675
.786
.635
.605
.834
.732
.859
1.043
.681
.5%
.611
.527
.875
.932
.818
1.109
.775
.695
.688
.794
.644
.614
.841
.739
.870
1.060
.579
.567
.604
.532
.881
.943
.822
1.106
.797
.703
695
.782
,649
.618
.855
.747
.875
1.058
.583
.571
.609
.530
.886
.949
.824
1.107
.800
.718
.697
.791
.649
.616
.852
.760
.887
1.085
.589
.574
.620
.549
.881
.950
.831
1.104
.812
.718
.696
.786
.658
.629
.854
.764
.882
1.074
.592
.574
.629
.544
.889
.962
.839
1.104
.812
.723
.698
.791
.663
.633
.862
.769
.901
1.093
.596
.576
.635
.537
.900
.973
.847
1.103
.812
.732
.706
.800
.678
.649
.868
.769
902
1.084
.599
.583
.632
.554
.917
.990
.856
1.098
.808
.741
.717
.800
.682
.650
.876
.777
.916
1.096
.604
.592
.627
.565
.930
.990
.862
1.102
.808
.743
.731
.806
.685
.652
.886
.797
.926
1.103
.603
.595
.616
.575
.941
1.003
.864
'1.114
.824
.735
.738
.80!
.687
.654
.893
.809
.933
1.107
.611
.604
.628
. 575
.944
1. 001
r
. 868
' 1.130
'.827
.732
' 732
.807
.687
.657
.896
.816
936
T
1.103
027
.619
.642
587
.950
1.014
.878
1.167
.845
.742
.786
.813
.705
.677
.908
.828
.949
1.117
.637
.629
.653
.590
158.3
156.7
152.6
193.0
163 3
166.6
162.0
118.7
132.3
120.5
157.1
133 3
139.4
136.7
121.7
130.3
119.4
157.4
132 3
138.6
134.8
128.3
135.5
125. 2
163.9
137 5
143.0
136. 6
131.5
137.3
130. 3
169.3
142.4
144.6
140.3
131.6
140.3
131.9
170.3
146 4
148.9
145.0
134.6
141.8
134.4
175.4
148 8
150.2
147.7
142.0
137.2
144.0 . 147.9
138.9
134.9
180.5
177.7
152 4
150 1
153.6
151.3
150.8
147.7
139.9
148.9
140.0
180.9
152 1
155.4
154.9
146. 3
148.4
144. 3
184.0
154 8
155. 4
152.1
145.0
150.9
146. 5
184.7
157 0
159. 8
157. 8
150.9
151.3
' 150. 5
190.1
160 3
161.9
153.1
.826
1.59
.761
1.52
.768
1.52
.769
1.52
.780
1.54
.780
1.54
.788
1.54
.788
1.54
.796
1.55
.803
1.56
.823
1.59
.823
1.59
59 25
45 47
.727
.745
.836
.776
1.53
> V
47.77
.841
.860
.840
50 54
.834
.835
.826
56 97
.825
.828
.839
.49
.65
.37
.59
.63
.54
.80
.36
.52
.41
.49
.66
.38
.57
.60
.55
.79
.37
.53
.41
.49
.67
.37
.59
.61
.59
.81
.35
.50
.41
.45
.65
.36
.63
.63
.57
.85
.35
.55
.40
.43
.69
.37
.59
.62
.52
.82
.36
.51
.43
.47
68
.37
.57
.62
.52
.82
37
.52
.42
.49
65
37
.64
63
.62
.89
40
.52
.44
.53
67
41
.60
68
.65
.90
43
.55
.42
.56
71
.42
.61
68
.64
.92
46
.57
.43
.41
.69
71
.69
.95
48
.60
.41
.61
76
43
.66
77
.65
.97
50
.60
.46
.63
77
46
.64
74
.66
1.08
50
.66
.44
161
160
170
162
157
159
150
141
135
120
110
105
62
47
19
62
47
18
63
48
19
63
48
20
64
49
19
64
48
19
64
48
17
64
49
15
64
49
14
'65
50
14
65
50
13
65
50
13
10
9
62
10
10
60
8
9
69
8
8
62
7
7
58
6
7
62
5
7
56
4
6
r 51
'4
6
47
T57
167
167
166
186
194
237
287
190
144
92
53
46
388
183
146
89
57
37
384
177
139
86
53
38
373
174
133
82
51
41
354
.66
83
48
.72
82
.70
1.04
52
.72
.47
.59
.967
.990
.826
.966
(0
.810
0)
.854
1.148
1.008
1.167
1.248
.750
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programs
mil. of dol__
Assistance to recipients:
Special types of public assistance
do
OM-flge assistance.
do
General relief . . ._ __
do
Earnines of persons employed under Federal
work programs:
Civilian Conservation C o r p s . . . m i l . of dol_. . . . . . . . . .
National Youth Administrationc?. _ . d o . _
Work Projects Administration . .
do
Earnings on regular Federal construction
projects
. m i l . of dol._
P425
(2)
(2)
(2)
o
42
0
31
314
. 368
423
'426
163
122
78
44
41
315
156
119
77
42
38
305
139
108
71
37
31
297
123
97
64
33
26
282
(a)
26
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of doL.
Bold by accepting banks, total
do
Own bills
do
Bills bought..
do
Held by others^
.do
Commercial paper outstanding
do
f
119
94
63
31
25
271
185
138
90
47
47
378
194
144
93
51
50
387
194
146
92
54
49
375
197
154
103
52
43
381
a
Revised.
* Preliminary.
>
• None held by Federal Reserve banks.
Less t h a n $500,000.
* Comparable data not available.
N o data available for small amounts expended in July-September for the C C C now in process of liquidation as directed b y Congress.
t D a t a for shipbuilding revised beginning December 1941, for radios and phonographs beginning F e b r u a r y 1942, and for rubber products and rubber tires and inner tubes
-beginning March 1942, on the basis of more complete reports.
cf Beginning with July 1942 only amounts expended for the student work program are included; need is no longer a criterion for enrollment in the out-of-school work
program, which is focused on training inexperienced youths for war industries and the program is therefore dropped from this series.
Instruction wage rates as of N o v . 1, 1942: common laborer, $0,832; skilled labor, $1.60.
§ See note marked " § " on p . S-12.
2
SURVEY OF CURRENT BUSINESS
S-14
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
1941
October
Octo- I Novem- December
ber
ber
December 1942
1942
January
February
March
April
May
June
July
August
September
FINANCE—Continued
BANKING—Continued
Agricultural loans outstanding of agencies su
pervised by the Farm Credit Adm.:
2,733
2,924
2,891
2,906
2, 873
2,876
2,878
Total, excl. joint-stock land bks__ mil. of dol..
2,887
2,179
2,395
2,361
2,380
2,343
2,311
2,332
Farm mortgage loans, total
.do—
2,296
1,645
I,' 786
1,776
1,764
1,731
1,753
1,746
Federal land banks
_
_
do
1,721
534
610
604
597
590
586
580
Land Bank Commissioner
...do
575
145
119
128
130
125
Loans to cooperatives, total
do
133
121
129
Banks for cooperatives, including central
130
101
109
113
111
110
102
106
bank
_. mil. of dol.
13
16
17
17
16
16
16
Agr. Mktg. Act revolving fund
do...
17
409
410
397
400
440
470
Short term credit, total
do—
417
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
246
219
220
226
225
235
247
258
cooperativesc*
mil. of doL
m
39
39
38
39
40
44
41
43
Other financing institutions
do
202
194
187
245
188
203
219
191
Production credit associations
do
5
7
7
4
6
4
4
5
Regional agr. credit corporations.--do
118
121
118
117
122
127
130
118
Emergency crop loans
do
46
49
48
47
48
47
47
48
Drought relief loans
do
2 24
29
36
35
33
32
30
32
Joint-stock land banks, in liquidation..do...
49, 945
40,477
42,474
41,164
51. 731 44, 275
37, 785
44.820
Bank debits, total (141 centers)
do._.
19, 148 16,077
20, 598 17,247
14, 242
17, 056 16,023
New York City
do.... 18, 323
31, 622
27,329
25,087 31, 133 27, 028
23,543
27, 764 26, 451
Outside New York City
do
Federal Reserve banks, condition, end of mo.:
24,211
24,192 24, 353 24. 288
24,322
24,187
24,359
Assets, total...
mil. of doL. 26,953
4,959
2,309
2,312
2,361
2,412
2, 309
2,355
2,468
Res. bank credit outstanding, total._-do
11
6
6
3
4
5
9
7
Bills discounted
...do
4,667
2.184
2,184
2,254
2,243
2. 262
2,357
2,244
United States securities
do
20, 813
20,841
20, 822 20, 764 20, 902 20. 846 20.821
20,824
Reserves, total.
.
do...
20,569
20, 572 20, 569 20, 504 20, 533 20,515 20, 495 20,510
Gold certificates
do
26, 953
24, 211 24, 192 24, 353 24, 288 24, 322 24,187
24,359
Liabilities, total.
do
14,313
15, 466 15,213
14,678
14,715
14,441
14, 268 14,204
Deposits, total
do
12,735
12, 580 13,140
12.450
12, 927 12,619 12, 575 12. 658
Member bank reserve balances
do
2, 644
3,828
3,085
4, 557
3,347
2,969
2,791
3,073
Excess reserves (estimated)
do
11, 220
7,669
8,192
7,432
8, 303
8, 559
8,821
8,635
Federal Reserve notes in circulation..do
81.5
91.0
90.8
91.0
90.8
90.6
90.4
90.9
Reserve ratio
_.
percent..
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
28, 639
24,258
24,712 24,197 25, 358
24, 324 23, 650 24, 747
Demand, adjusted..
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corpora23,814 23,993 24,206
24,595 23,673 24, 636
23,662
tions
mil. of dol.. 28,345
1,947
2,096
1,889
1,780
1,721
1,804
1,820
1,916
States and political subdivisions
do
2,696
1,506
653
1,475
826
1,451
1,671
1,869
United States Government.
.do
5,215
5,128
5,459
5,368
5,259
5,137
5,410
5,205
Time, except interbank, total
.do....
Individuals, partnerships, and corpora5,087
5,285
4,929
5,232
5,005
5,172
5,058
4,953
tions
mil. of dol.
102
189
180
153
155
164
173
181
States and political subdivisions...do—
8,898
9,033
8, 687
9,357
9,405
9,040
9,088
8,885
Interbank, domestic
...-do
27,229
20,111
19,551
18.379
18.432
18,715
19. 087
19,100
Investments, total
do
21, 879 11,318
13, 730
13,132 12, 705
11,860
12,085
12, 689
U. S. Govt. direct obligations, totaL.do
do
5,798
1,669
1,206
797
990
883
1,240
680
Bills t
-11,725
9, 705
9,589
8,277
8, 342
9,671
8,667
9. 087
Bonds
do
4,356
2,356
2,337
2,354
2,244
2,528
2, 535
2,362
Notes
_
do
Obligations guaranteed by U. S. Govern1,907
3.330
2.709
2,723
2,684
2,675
2.922
2,964
ment
mil. of dol...
3,443
3,731
3. 650
3.689
3, 706
3,696
3,666
3,711
Other securities
do —
10, 320 11,203
11,259
11,094
11,255
11,370
11, 392 11,394
Loans, total
do—
6,316
6, 593
6,726
6, 554
6,778
6,722
6,902
7,003
Commorc'l, indust'l, and agricult'l.-.do
265
409
419
428
424
423
422
424
Open market paper
do
529
531
548
448
441
535
471
408
To brokers and dealers in securities, do
Other loans for purchasing or carrying
369
410
395
427
422
409
407
431
securities
.mil. of doL.
1,217
1, 256
1,250
1,246
1,265
1, 259
1,248
1,245
Real estate loans..
do
46
38
37
37
37
30
35
29
Loans to banks
do
1,578
1,966
1,969
1,911
1,847
1,974
1,900
1,878
Other loans
_
...do
Money and interest rates:§
Bank rates to customers:
1.85
1.88
New York City
----- percent..
2.48
2.45
7 other northern and eastern cities—do
3.20
2.99
11 southern and western cities.._
do
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Discount rate (N. Y. F. R. Bank)
do
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
Federal land bank loans
do
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
Federal intermediate credit bank loans.do
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers, 90 days
percent..
Me
Mo
Me
Me
Com'l paper, prime, 4-6 months...do
H
Time loans, 90 days (N. Y. S. E.)__do....
VA
VA
Average rate:
1.00
1.00
1.00
Call loans, renewal (N. Y. S. E.)...do..-.
1.00
1.00
1.00
1.00
1.00
3.72
.049
.250
.242
.299
.298
.214
.212
U. S. Treasury bills, 3-mo
..do
Average yield, U. S. Treasury notes, 3-5 yrs.:
.41
.57
.64
.47
1.44
Tax-exempt
percent..
.72
.90
1.02
.93
Taxable*
do
Savings deposits:
Savings banks in New York State:
5,554
5,433
5,373
5,555
5,401
5,392
Amount due depositors...
mil. of dol_.
5, 459
5,541
U. S. Postal Savings:
1,378
1,317
1,324
1,314
1,307
1,306
1,310
1,305
Balance to credit of depositors.do—
19
27
27
25
25
25
Balance on deposit in banks
do
25
f
Revised.
§For bond yields see p. S-19.
1
No tax-exempt notes outstanding within maturity range after Mar. 15, 1942. Average shown for March 1942 covers only
2
Amount estimated for one bank.
cTTo avoid duplication these loans are excluded from the totals.
X Bills and certificates of indebtedness beginning April 1942.
*New series. Earlier data for the series on taxable Treasury notes appear on p. S-14 of the April 1942 Survey.
m
2,869
2,288
1,715
572
114
2,864
2,274
1,706
568
115
2,868
2,274
1, 706
568
117
2,818
2, 232
1, 679
553
117
2,207
1,663
544
126
13
468
101
13
475
104
12
477
104
12
469
112
12
443
257
45
241
4
131
47
28
44,226
16,985
27, 241
260
47
248
4
129
47
27
46.686
17, 394
28, 292
261
47
249
5
130
46
26
45, 615
17,110
28, 505
255
47
243
5
128
46
26
44,888
17,051
27,837 j
249
43
225
5
124
46
24, 468
2, 634
7
25,139
3,245
4
3.153
20, 802
20,546
25, 139
14, 159
12, 492
2,130
9,721
87.1
25,298
3, 565
2,489
20,799
20,522
24, 468
34,094
12, 405
2,486
9,071
89.8
24, 672
2, 775
3
2,645
20, 830
20, 566
24, 672
13,957
12, 305
2,362
9,376
89.3
3,426
20,803
20,575
25, 298
13,952
12, 338
2,143
10,157
86.3
25, 754
3,774
8
3, 507
20,808
20,576
25, 754
13, 660
11,592
1,690
10,658
85.6
25, 483
25, 502
26, 670
27, 217
27,424
24,922
1,971
1,301
5,109
25,343
1, 803
1,442
5.112
26, 236
1,81.1
1, 782
5,115
26, 818
1,806
1,511
' 5,158
27, 344
1,909
2,018
5, 285
4,914
175
9,175
20, 774
14, 559
1,953
10. 309
2,297
4,955
137
9, 090
21. 642
16, 200
2,918
10,383
2,899
4, 975
120
8, 444
22,816
17,352
3,376
11,118
2, 858
5,019
115
8,681
24. 075
18, 493
4,512
11,228
2,753
5,038
121
8,527
25, 593
19,948
5,408
11,257
3,283
2,667
3, 548
10. 905
6, 542
382
528
2,032
3,410
10, 740
6,469
341
519
2,035
3,429
10, 696
6,432
336
569
2,095
3,487
10,382
6,282
313
493
2,106
3,539
10, 361
6,270
282
526
403
1,243
28
1,779
393
1,236
36
1,746
407
1,230
29
1,693
381
1,230
26
1,657
381
1,221
65
1,616
1.00
4.00
1.50
2.07
2.56
3.34
1.00
4.00
1.50
1.00
4.00
1.50
2.28
2.66
3.25
1.00
4.00
1.50
VA
n
1.00
.364
134
1.00
.363
1.00
.368
1.03
1.15
1.20
5,374
5,422
5,411
5,427
5,449
1,307
24
1,316
24
1,329
21
1,344
••20
1,359
20
first half of month.
1.00
4.00
1.50
2 25
4S,114
18,593
29, 521
Vie
H
VA
VA
1.00
.370
1.00
.370
1.27
S-15
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the
October
1942 Supplement to the Survey
1941
1942
Octo- I Novem-1 Deceniber
ber
ber
January
Febru- I •»* u
March
ary
» M | •»,
A nl
M a
P
^
T
June
I
T .
Jul
September
?
FINANCE—Continued
CONSUMER SHORT-TERM CREDIT
Total consumer short-term debt, end of month*
mil. of doL.
Instalment debt:
Sale debt, total*
do
Automobile dealers*
do
Department stores and mail order
houses*
mil. of doL.
Furniture stores*
do
Household appliance stores*
do
Jewelry stores*
do
All other*
do
Cash loan debt, total*
do
Commercial banks, debt*
do
Credit unions:
Debt
do
Loans made
do
Repayments
do
Industrial banking companies:
Debt
do
Loans made
do
Repayments
.
do
Personalfinancecompanies:
Debt
do
Loans made
do
Repayments
do
Repair and moderization debt*
do
Miscellaneous debt*
do
Charge account sale debt*
do
Open credit cash debt*
do
Service debt*
do
Indexes of total consumer short-term debt, end
of month:*
Unadjusted
1935-39=100
Adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES
Grand total
numberCommercial service, total
do-..
Construction, total
do-_.
Manufacturing and mining, total
do._Mining (coal, oil, miscellaneous) do_..
Chemicals and allied products
do-_.
Food and kindred products.
..do...
Iron and steel products
do-..
Leather and leather products
..do-..
Lumber and products
do...
Machinery
do...
Paper, printing, and publishing
.do...
Stone, clay, and glass products
do...
Textile-mill products and apparel do...
Transportation equipment..
do...
Miscellaneous
do
Retail trade, total
do...
Wholesale trade, total.
do...
Liabilities, grand total...
thous. of doL
Commercial service, total
do...
Const met ion, total
do...
Manufacturing and mining, total... do...
Mining (coal, oil, miscellaneous) do...
Chemicals and allied products
do...
Food and kindred products
.do...
Iron and steel and products..
do...
Leather and leather products
do...
Lumber and products..
.do...
Machinery
do...
Paper, printing, and publishing
do...
Stone, clay, and glass products
do...
Textile-mill products and apparel do...
Transportation equipment
do...
Miscellaneous
.do...
Retail trade, total
do...
Wholesale trade, total
_
do...
LIFE INSURANCE
Association of Life Insurance Presidents:
Assets, admitted, total}
mil. of dol.
Mortgage loans, total
...do.-.
Farrn.
do....
Other
_
_
do._.
Real-estate holdings
.do...
Policy loans and premium notes do...
Bonds and stocks held (book value), total
mil. of dol.
Gov't. (domestic and foreign), total.do
U. S. Government
do...
Public utility
do...
Railroad
_
do
Other
_
do
Cash
do
Other admitted assets
do
' Revised.
' 9, 594
' 9,441
9, 500
' 9, 112
8,760
' 8, 579
' 8, 333
' 7, 950
' 7, 535
' 7,086
' 6, 749
6,547
3,900
2,128
3,797
2,045
3,747
1,942
3,503
1,806
3,301
1,670
'3,105
1,514
2,929
1,379
' 2,710
1,243
2.481
1,126
' 2, 254
1,010
' 2,032
1,872
777
448
619
333
93
279
' 2, 209
r
717
447
613
320
96
276
' 2,184
' 701
469
619
313
120
284
' 2,165
'684
438
590
294
108
267
'332
512
219
79
300
475
202
71
146
15
218
25
28
215
23
26
211
25
28
199
18
30
224
30
42
303
43
45
300
41
44
298
45
438
59
73
527
76
80
343
101
1, 702
1,185
598
527
81
81
340
101
1, 662
1,198
600
' 159.3
158. 7
' 156.8
15(11
•157.8
153.1
673
40
61
102
0
7
17
1
3
9
7
13
3
20
4
18
405
65
809
29
57
138
3
842
38
51
167
4
15
39
1
5
19
7
15
898
62
63
146
4
11
25
4
6
12
5
14
3
42
1
19
640
87
7,181
525
756
2,374
0
146
352
7
21
81
69
580
125
628
170
195
2,660
866
7,333
358
577
2,879
146
73
1,027
128
117
333
229
142
28
238
269
149
2,790
729
4
5
18
8
13
3
23
2
12
516
69
2
24
529
57
r
535
103
94
335
102
1,783
1, 200
605
416
573
285
100
257
406
567
272
95
396
561
258
91
244
874
' 251
' 2,004
'606
' 1, 965
r
580
' 1, 904
'566
' 213
' 1,852
r
546
' 196
'1,782
' 520
'1,710
'491
262
428
169
64
172
1, 637
460
192
19
26
190
25
28
184
19
25
178
18
25
173
20
25
167
18
24
160
16
23
154
16
22
'291
38
46
285
35
40
282
42
45
277
37
42
268
34
43
261
36
44
253
34
41
246
33
41
236
31
41
527
66
75
325
101
1,709
1,197
608
521
64
70
313
101
521
85
84
304
101
517
71
76
297
100
504
58
70
289
99
493
68
78
281
98
481
63
75
264
97
466
60
76
252
95
' 1,466
1,119
452
60
74
240
94
1,328
1,089
621
' 2, 095
'652
• 151.3
150.9
962
53
65
159
4
5
5
11
3
13
1
44
3
25
604
81
2,039
'627
1, 624
1,187
1,680
1,180
'367
543
241
85
231
'277
449
183
67
182
' 1, 289
'1,099
617
' 1, 322
1,109
' 619
609
610
613
1, 575
1,145
'616
145.5
147.5
' 142.5
144.1
' 138.4
139.2
' 132.0
133.1
' 125.1
125.1
' 117.7
' 119.2
'112.1
' 113.8
108.7
1,048
938
38
65
146
4
8
36
4
5
15
2
18
3
29
3
19
624
65
955
42
63
134
7
5
17
3
4
20
5
20
3
20
5
25
647
69
804
48
67
135
1
4
23
5
6
18
11
18
7
23
2
17
486
68
764
52
63
120
5
5
19
8
3
11
5
20
5
24
1
14
465
64
698
47
66
119
5
5
23
5
4
10
8
12
5
20
2
20
405
61
556
27
54
77
5
4
5
2
2
10
5
11
5
15
0
13
355
43
12,011
1,194
9,282
9.839
9,906
8, 548
6,781
471
896
1.033
2,953
1. 175
2,924
673
945
915
584
538
520
3,327
2,078
2,249
166
204
390
191
493
124
427
25
296
48
156
936
64
53
263
58
429
98
316
204
328
234
49
622
95
69
246
63
562
39
623
222
118
632
99
63
829
300
403
124
ISO
78
279
85
177
265
11
6
18
191
156
224
129
486
9
177
237
33
421
76
50
207
163
341
53
262
22
384
4.813
1.3G9
3,829
1,132
4,392
3. 752
1,209
3,950
1,021
2, 475
877
5,473
26S
646
1,661
519
28
90
17
29
217
131
110
100
280
0
140
2,276
622
916
59
57
141
5
8
31
5
5
13
8
15
2
24
2
23
589
70
48
77
188
6
4
43
7
8
25
10
24
4
36
3
18
650
85
1,660
1,166
619
), 197
448
618
I, 827
328
226
763
84
63
366
203
562
83
528
56
565
J, 472
832
13.469
863
1. 161
6,651
577
254
547
653
159
238
780
206
81
877
2
1,377
4,323
1,471
9,916
589
851
3,550
184
200
1,378
173
99
176
51
70
4
615
100
500
3.641
1.285
9,631
26, 376
4,924
677
4,247
1, 558
2,281
26, 508
4,959
675
4,284
1,541
2,271
26. 662
5,0)2
675
4,337
1,488
2, 255
26, 817
5.023
671
4,352
1.483
2.241
26,928
5,047
27, 080
5,071
27.209
5,105
27, 341
5,134
27. 462
5.164
27, 598
5,194
27, 725
5,212
672
673
681
684
685
688
687
4,375
1.474
2.228
4,398
1,452
2,216
4.424
1,436
2,202
4, 450
1.423
2,188
4.479
1,410
2,176
4,506
1,400
2,158
4,525
1, 392
2,144
16,265
7,391
5,546
4,224
2,763
1,887
815
533
16,368
7, 439
5,603
4,238
2,755
1,936
828
541
16,641
7.743
6,908
4.255
2,682
1,961
681
585
16, 528
7,613
5,779
4,309
2, 687
1,919
955
587
16, 706
7.816
5.981
4.304
2, 680
1,906
16, 754
7,830
5,983
4, 351
2,671
1,902
16,944
8.014
6. 156
4.369
2. 659
1,902
17, 391
8.453
6, 595
4,378
2,650
1,910
17,431
8,453
6. 592
4,396
2,630
1,952
17, 415
8,443
6,587
4,405
2,623
1,944
17,843
8,888
7,093
4,409
2,616
1,930
884
589
986
601
921
601
597
608
712
569
876
555
874
560
927
920
2, 525
3, 739
182
73
470
116
119
456
66
214
33
319
22
455
299
22
4, 232
1,027
1,102
335
274
999
27, 909
5, 220
685
4, 535
1,382
2,129
17,905
8,908
7,132
4,444
2, 597
1,956
690
583
lepal reserve companies.
Figures beginning July 1941 for commercial banks, total cash loan debt, and total short-term
S-16
SURVEY OF CURRENT BUSINESS
December 1942
1941
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
Novem- December
ber
January
February
March
April
May
June
July
FINANCE—Continued
LIFE INSURANCE—Continued
Association of Life Insurance Presidents—Con.
insurance written:®
Policies and certificates, total number
679
thousands..
46
Group
do . . .
428
Industrial
_
do...
204
Ordinary
_
do
Value, total
_._
-thous. of dol.. 582, 688
Group...
-do . . . . 78,094
135, 727
Industrial
...do
368,867
Ordinary.
do
262, 368
Premium collections, total®
do
21, 753
Annuities.
do
Group
do . . . 16, 073
Industrial
„.
do .._ 56, 836
167, 706
Ordinary
do
Institute of Life Insurance:*
Payments to policyholders and beneficiaries,
total
thous. of dol..
Death claim payments
do
Matured endowments
do
Disability payments
do
Annuity payments
do
Dividends
do...
Surrender values, premium notes, etc.do
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
do . . . 467, 814
New England..
_
do . . . 37, 408
118,351
Middle Atlantic
do
East North Central.
_
.do .... 106,057
47,518
West North Central
do
47, 720
South Atlantic.
do
18, 867
Etst South Central.
_._do
West Soath Central
d o . . . 32, 234
13, 059
Mountain.
do
Pacific
- . -do . . . 46, 600
Lapse rates
1925-26= 100 __
MONETARY STATISTICS
Fareign etchange rates:
.298
Argentina
dol. per paper peso .
. 061
Brazil, official
dol. p*r milr.Ms..
. 301
British India
_
_..._d'>l. p^r rupee..
.876
Canada, free rate
dol. per Canadian doL.
.570
Colombia
dol. per peso..
.206
Mexico
-do
4.035
United Kingdom, free rate
dol. per £ . .
Gold:
Monetary stock, U. S
mil. of dol.. 22, 740
Movement, foreign:
Net release from earmark* .thous. of dol.. 56,440
Production, estimated world total, outside
U. S. S. R _
thous. of dol..
Reported monthly, total
do
Africa..
do
Canada..
do
United States
do . . .
Currency in circulation, total
mil. of doL. 14,210
Silver:
.448
Price at New York
dol. perfineoz_.
Production:
Canada
thous. offineoz_.
United States
do
Stocks, refinery, end of month:
United States
do
BUSINESS INCORPORATIONS
New incorporations (4 States)
number.
890
1,193
246
598
349
1,141,316
298,817
186. 190
656,309
414. 137
90. 148
24, 757
84, 397
214,835
770
33
404
334
955,414
49,076
119,820
786, 518
295, 827
38, 921
17, 842
61, 2S1
177, 783
721
705
710
68
48
87
454
461
425
200
196
198
632, 347 589,564 657,597
124,823
87, 773 161, 061
139,021 141, 378 129, 863
36«.503 360, 413 366, 673
276. 007 270. 516 277, 578
23.113
25, 363 25, 654
14. 968 14, 496 15, 783
66. 272 59, 133 64, 014
171, 654 171, 524 172,127
148,388
507,145
261,865
22. 840
14. 637
55. 685
168, 703
213,122
93, 271
23, 502
8.909
13, 772
29. 182
44, 486
174. 440 239, 681 215,949 186, 505 222, 927 227, 512 188, 894 203, 882 204, 396
72, 926 91, 949 87, 464 74, 057 92, 558 92, 409 75, 533 80, 702 89, 707
19, 749 20. 470 24, 427 21,061
23, 931 23, 404 21, 644 22, 478 20, 444
6. 579 10, 604
7,581
8, 489
8,878
7, 943
7,600
8,823
8,360
12, 609 12, 365 16, 367 12, 664 13, 759 13, 694 12, 727 14, 173 14, 549
26, 440 56, 601 40, 419 34, 286 38, 891 46. 647 31, 187 37, 221 32, 252
36,137
47, 692 38, 394 36, 856 45, 299 43, 415 40, 203 40, 485 39, 084
165, 866
71, 785
17, 449
7,930
10, 607
24, 851
33, 244
176,104
76, 726
20, 283
7,021
12.978
27, 510
31,586
658,339 581,692 879, 492 1,001,653 634, 538 552, 044 462. 761 457, 926 463, 325 459,499
46.258
66, 292 83. 056 51,310
51,195
42,030
37,131
36, 248 37, 029 37,051
181.013 158,819 251,633 309. 292 175, 355 13S. 70S 118,591 114.230 117.577 115,844
152.179 135, 360 196, 569 220,739 141.939 126, 330 105. 487 106. 445 106,796 105, 599
52, 792 79,864
59,526
53, 182 44,931
87. 332 60.218
48. 833 47, 660 46, 746
90,218
66, 130 57,874
91.272 60, 754 52. 173 45,968 44, 679 44,407 44, 696
23,383
34, 154 38, 273 24, 742 24, 960 18. 950 17, 758 19,182
24,845
18,549
64.976
67, 602 44, 577 46, 534 32. 6Q4 31,825
45, 507 40.553
32, 247 32,199
15, 345 14. 533 11.998
16. 507 13, 910 20, 480 21,694
12, 188 12, 288 13,165
61,437
52, 743 75, 306 82, 393 60, 298 53, 594 46,101
45, 720 46,139 45, 650
87
80
430. 297
34, 983
100, 695
97, 929
44, 693
44, 285
17,515
32, 785
12,123
45, 289
432, 679
33, 590
101,125
96,148
45, 203
46, 426
18,413
35, 445
12, 390
43, 939
.298
. 061
.301
.895
.572
.206
4. 035
.298
.061
.301
.878
.571
.206
4.035
22, 756
22, 754
279
730,327
74,794
677
32
418
227
652,434
50 231
126. 492
475.711
272, 778
25, 378
15. 040
57. 578
174, 782
724
55
456
213
657.327
97, 826
140. 735
418,766
291.538
24. 130
18, 789
64, 257
184, 362
759
38
470
251
681, 479
89,360
141,349
450, 770
247. 966
23, 670
11,949
53,168
159,179
820
42
499
630
66
366
199
631, 391
151,343
112,917
367,131
278,011
30, 999
16, 297
56, 368
174, 347
.061
.302
.888
.570
.206
4.033
.298
.061
.302
.886
.570
.205
4.034
.298
.061
.301
.874
.570
.206
4.035
.298
.061
.301
.878
.570
.206
4.035
.298
.061
.301
.884
.570
.206
4.035
.298
.061
.SOI
.877
.570
.206
4.035
.298
.061
.301
.872
.570
.206
4.035
.061
.301
.886
.570
.206
4.035
.298
.061
.301
.900
.570
.206
4,035
22, 800
22, 785
22, 737
22, 747
22, 705
22, 687
22,691
22, 714
22, 737
22, 744
-99, 705 -38,506 -109,277 -65. 525 -20, 068 -38,196 - 1 4 , 792
-24, 383
-32,231 -60,913
til. 265 107,940 105,035 104,370
90,335 •100. 485 * 97, 965
94, 951 91,657 *88,884 P 88, 59S • 75,653 '85,031 *> 82. 543 * 83,220
47. 970 46, 637 47. 328 47, 533 44, 462 ' 47,518 r 46, 366 v 47, 347
16, HI
14. 746 14, 198 13,147
15.499
15, 372 14, 728 14, 881
18,842
16.761
19,801
14. 9S2 10,034
10.807
10. 959 11.058
10, 364 10, 640 11,160
11, 175 11, 485 11, 536 11,767
12, 074
.348
.348
.351
. 351
.351
.351
.351
.351
1, 640
5,087
1,036
1, 681
4,631
1, 722
5,661
1,538
4,844
1.478
4,470
2,739
1.947
4,382
1,229
1,414
1,353
1,172
.061
.301
.899
.571
. /06
4.035
84, 807
47, 461
14,864
12, 396
12, 739
-21,763 - 2 7 , 759
79, 592 P 80,066
p 46, 026 v 45,096
14,100 P 14,100
9, 806
11,479
13, 200
13, 703
T>
1, 279
.351
.351
.351
.448
1,624
4,948
3,270
1, 537
4,528
1,966
5,048
1, 505
4,412
4,561
2,930
1, 606
5, 285
3,224
1,412
81,071
46, 666
14,852
10,147
12, 383
592
594
42
55
364
356
186
184
• 529, 525 527,168
83, 304
84, 799
112, 240 111,795
333, 981 330.574
247, 852 253, 735
18, 935
20, 092
14. 291
15,382
58, 855
58, 805
155,771 159,456
2,685
3,744
4,510
2,922
1, 194
1,094
889
889
832
818
1, 613
5,606
PROFITS AND DIVIDENDS
Industrial corporations (Federal Reserve):
Net profits, total (629 cos.)
. . . m i l . of doL_
Iron and steel (47 cos.)
do
Machinery (69 cos.)
do
Automobiles (15 cos.)
do
Other transportation equip. (68cos.) ..do
Nonferrous metals and prod. (77 cos.) do
Other durable goods (75 cos.)
do
Foods, beverages,and tobacco (49cos.) .do
Oil producing and refining (45 cos.)..do
Industrial chemicals (30 cos.)
do
Other nondurable goods (80 cos.)
do
Miscellaneous services (74 cos.)
do
Profits and dividends (152 cos.):*
Net profits
do
Dividends:
Preferred
do
C ommon
do
Electric power companies, net income (28 cos.)
(Federal Reserve)*
mil. of dol._
Railways, class I, net income (Interstate Commerce Commission)/.
mil. of dol._
Telephones, net operating income (Federal
Communications Commission).-.mil. of dol_.
' Revised.
Preliminary.
550
'423
52
19
32
35
39
39
32
••369
r 153
32
18
r
32
460
50
38
46
i 61
34
21
41
41
43
32
52
276
204
'174
24
221
21
23
136
21
127
199.2
284.1
134
33
138.4
96.7
72.3
1
Partly estimated.
64. 1
66.0
** Or increase in earmarked gold (—).
- ! . , . - . - - ,
—~,
1—.„ ,.., „.... _—„.
„ „. ~.^.^ ^^.^, i ..,^^., ^^..v,,v^^ vOtal payments in the United States including payments by Canadian companies; data are based on reports covering 90 to 95 percent of the total and are adjusted to allow for companies not reporting; earlier data
will be shown in a subsequent issue. For data beginning 1929 for profits and dividends for 152 companies, see p. 21, table 10, of the April 1942 Survey. Earlier data for net
income of electric power companies will be published in a subsequent issue.
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
S-17
SURVEY OF CURRENT BUSINESS
December 1942
1942
1941
1942
October
October
Novem- December
ber
January
February
March
April
May
June
SepAugust tember
July
FINANCE— Continued
PROFITS AND DIVIDENDS—Con.
Corporate earnings (Standard and Poor's):
Combined index, unadjusted^
1926=100.
Industrials (119 cos.)
do__.
Railroads (class I)9
__do_._
Utilities (13 cos.)
._.
do...
116.2
124 8
84.4
v 127. 6
*85.4
'80.0
v 58.2
p 143. 2
*>76. 2
PIJBLIC FINANCE (FEDERAL)
War program In the United States, cumulative
totals from June 1940; *
Program
mil. of dol..
Commitments
.
do
Cash expenditures
do
War savings bonds, sales*
do
Debt, gross, end of month
do
Public issues:
Interest bearing
.do
Noninterest bearing..
do
Special issues to government agencies and
trust funds
..mil. of dol._
Obligations fully guaranteed by U. S. Gov't:
Total amount outstanding (unmatured) d"
mil. of dol _.
By agencies:^
Commodity Credit Corp
do
Federal Farm Mortgage Corp
do
Home Owners' Loan Corporation...do
Reconstruction Finance Corp
do
Expenditures, total
do
War activitiest
do
Agricultural adjustment program
do
Unemployment relief
do
Transfers to trust accounts X
..do
Interest on debt
do
Debt retirements
do
All othert_
do
Receipts, total
_do
Receipts, net
do
Customs
_
do
Internal revenue, total
do
Income taxes
do
Social security taxes
do
Government corporations and credit agencies:
Assets, except interagency, total..mil. of doL.
Loans and preferred stock, total
do
Loans to financial institutions (incl. preferred stock)
mil. of doL
Loans to railroads
do
Home and housing mortgage loans, .do
Farm mortgage and other agricultural
loans
mil. of dol..
All other
„
.do
U. S. obligations, direct and fully guaranteed..
mil. of dol..
Business property
do
Property held for sale
do
All other assets.._
do
Liabilities, other than interagency, total
mil. of dol
Bonds, notes, and debentures:
Guaranteed by the U. S
do
Other..
do
Other liabilities, including reserves.-do
ly owned interests.-.
do...
IT. S. Government interests
do
Reconstruction Finance Corporation, loans outstanding, end of month: ^
Grand total
tcous. of dol.
Section 5. as amended, total
do
Banks and trust companies, including
receivers
..thous. of doL.
Buildirte and loan associations
do
Insurance companies.
do
Mortgaee loan companies
do
Railroads, including receivers
do
AH other under Section 5
do_.
Emerff. Rel. and Constr. Act, as amended:
Self-liquidating projects (including financing repairs).
...thous. of dol.Financing of exports of agricultural surpluses
thous. of doL.
Financing of agricultural commodities
thous. of doL.
Loans to business enterprises (including
participations)
thous. of dol._
National defense
.
do
Total, Bank Conservation Act, as amended
thous. of doL.
Drainage, levee, irrigation, etc
do
Other loans and authorizations
do
241,868
172,306
> 59,492
814
92, 904
271
53,608
234
55,066
529
58, 020
1,061
60,099
703
62,434
558
62, 464
531
65,018
634
68, 617
179,621 '224,861
138,044 P149, 364
38,176 H2,975
634
901
' 72, 495
77,136
83, 680
639
46,401
544
47, 755
504
50, 551
487
62,555
481
54, 759
486
54, 652
479
57,196
464
60,637
462
r 64,156
454
6,982
7,063
7,190
7,333
7,358
7,518
8,585
4, 243
6,664
72,982
441
77, 338
637
8,262
8,509
6,316
6,317
5,673
5,673
5,606
5,666
5,667
r 4, 548
4, 551
4, 567
4,552
905
1,269
2,409
2,101
2,089
1,537
58
109
45
75
701
1,269
2,409
1,802
2,557
1,850
113
115
9
232
16
223
1, 214
1,212
33
1,159
767
41
701
937
2,409
1,492
2,631
2,104
106
94
42
32
3
251
614
578
35
555
133
53
701
937
2,409
1,492
2, 630
2,208
97
92
9
12
"1
210
937
758
27
879
283
257
701
930
2,409
1,492
3,436
2,809
81
96
22
205
15
208
3,548
3,547
33
3,493
3,083
49
701
930
2.409
1, 492
3,755
3,238
66
91
48
77
2
234
732
695
32
684
335
43
701
930
2,409
1,492
3,955
3,560
62
82
(•)
19
2
230
764
563
30
708
216
222
701
930
1,563
1,219
4,531
3,829
31
72
1
390
1
206
2,494
2,492
28
2,424
2,086
42
738
930
1,533
1, 216
5,162
4,495
47
70
249
35
2
263
794
747
24
742
273
53
754
930
1,533
1,216
5,215
4,883
30
52
19
738
930
1,533
1,216
5,931
5,384
35
40
5
224
247
648
607
24
603
206
48
259
489
445
34
431
68
49
20,534
8, 781
14,368
9,033
14,470
9,001
14,660
9,167
14,908
9,063
15, 224
9,059
15, 750
9,065
16, 656
9,218
17. 343
9,005
17, 962
9,026
949
497
2,286
1,074
484
2,413
1,072
483
2,401
1,114
498
2,424
1,079
497
2,430
1,060
498
2,380
1.046
500
2,392
1,030
502
2,372
1,020
498
2,352
2,925
2,124
3,105
1,957
3,112
l f 933
3,134
1,996
3,123
1,934
3,117
2,004
3,100
2,026
3,272
2,041
1,219
976
4,710
4,848
1,015
689
1, 805
1,911
1,021
698
1,879
1,980
714
1,891
1,889
1,027
751
1,964
2,104
1,058
782
2,017
2,308
1,060
792
2,262
2,571
9,863
10,306
9,690
9,765
9,219
9,418
1,416
1,952
428
3,633
6,324
1,393
1,974
430
4,349
6,324
1,392
2,049
431
4,464
5,705
1,402
2, 111
432
5,256
5,697
1,396
2,325
434
5,372
(a)
4, 265
1,413
4,185
442
10, 230
68,569
442
6,930
701
1,269
2,409
1,802
1,860
1,448
72
95
10
15
3
217
730
564
30
683
66
181
930
1,533
896
5,937
5,481
48
35
56
70
225,565
164,143
'53, 715
838
86,483
r 8,125
r
225,496
157,021
p 48,191
1734
81,685
C)
7
(a)
224
797
587
22
748
155
232
242
2,528
2,527
20
2,476
2,126
43
18, 482
19,401
8,859
19. 974
8,813
1,029
498
2,357
1,002
497
2,344
974
497
2, 297
964
498
2,286
3,092
2,042
3,076
2,067
3,038
2,067
2,994
2,096
2,949
2,117
1,076
815
2,717
2,830
1,088
833
3,067
3,349
1,097
859
3,512
3,468
1,113
879
3,808
3, 735
1,143
924
4,177
4,295
1,197
952
4.287
4, 725
9,620
9,776
10,078
9,275
9, 482
9,728
10,161
5.690
1, 433
2, 497
435
5,694
5.688
1, 431
2, 656
436
6,444
5,687
1.440
2,950
437
6,828
4,568
1,442
3, 265
438
8,249
4,581
1,443
3,457
438
8,562
4,592
1, 445
3, 691
439
9,234
4, 574
1,434
4,154
439
9,373
4,848,279 2,820,257 2,880,470 2,938,413 2,988,673 3,166,909 3,361,947 3,556,094 3,819,280 4,085,264 4,273,373 4 545 609 4,628,502
735,685 725, 550 723,604 734,171 725,943 729,730 734,696 738, 384 733, 596 734,070 733, 316 735, 862 735,093
66, 434
5,170
597
200,522
462, 050
912
85. 310
3,266
1,389
186, 389
447, 771
1,425
82,986
3,161
1,365
187,185
447, 510
1,398
79,887
3,161
830
186. 483
462, 496
1,315
69,463
2,897
795
189,837
461,792
1,158
69,117
5,817
752
190,490
462,426
1,128
68, 265
5,792
725
193, 993
464,842
1,079
67,514
6,434
714
196.512
466,182
1,028
66, 420
5,817
702
197, 401
462,316
939
65,803
5,630
686
198,926
462,088
937
65, 575
5,037
669
199, 280
461, 826
928
67,449
4, 705
659
200,562
461, 563
924
66, 793
4. 574
600
199, 737
462,470
920
17,133
17, 737
17, 671
17, 578
17,527
17, 515
17,452
17, 415
17,382
17,310
17,195
17,194
17,153
0
47
0
0
0
0
0
0
0
0
0
0
0
349
434
434
434
431
431
403
368
352
349
349
349
129,187 142,618
3,082,347 694,087
145, 654
785, 226
152, 385
784, 396
148,591
853,203
146, 360 142,915 140.290 139. 465 135,961 134. 278 132, 942 131,349
993, 473 1,191,436 1,395,212 1,670,157 1,940,499 2,129,933 2 409 243 2,484,112
730,076
74, 343
435,365
728,639
74,044
405,199
725, 482
72,814
451,155
719, 873
72,068
451,036
715,121
72, 05 r
492, 226
689,429
67,115
127,034
710,029
71,859
493,156
702, 408
71,168
490,849
700, 693
70, 464
487,154
699,708
70, 359
487,004
698, 494
68. 794
491, 014
693, 213
69, 357
487, 450
690, 851
69.076
500, 519
* Revised.
•
v Preliminary.
Revised to include reports received first few days of September on account of August sales.
• Less than $500,000.
2
Covers all loans for national defense; prior to October some defense loans are included in "other loans and authorizations."
•Number of companies varies slightly.
cfThe total includes guaranteed debentures of certain agencies not shown separately.
^Includes repayments unallocated, pending advices, at end of month.
JFor revisions beginning July 1941, see p. S-17 of the November 1942 issue.
*New series. For explanation of the new series on the war program see the footnotes to table 9, p. 21 of the April 1942 Survey. Figures have been revised since publication of data in the April Survey. Revised monthly data prior to June 1942 are not yet available. The series on war savings bonds is from the Treasury Department and
represents funds received during the months from sales of series A, F, and G; for earlier data see p. S-16 of the October 1942 Survey.
S-18
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, to-
gether with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
December 1942
1941
1942
October
October
1942
Novem- December
ber
January
February
March
April
May
June
August September
July
FINANCE—Continued
SECURITIES ISSUED
(Securities and Exchange Commission) X
Estimated gross proceeds, total
mil. of d o l . .
By types of security:
Bonds, notes, and debentures, total.-do
Corporate
do
Preferred stock
do
Common stock
do
By types of issuers:
Corporate, total
do . . .
Industrial
do
Public utility
do....
Rail .
._
do
Other
.do-..,
Noa-corporate. total...
do
U. 8. Government and agencies
do
State and municipal
do
Foreign Government
do
Non-profit agencies
do
New corporate security issues:
Estimated net proceeds, total
do..,.
Proposed uses of proceeds:
New money, total
_
_
do
Plant and equipment
do
Working capital
do
Repayment of debt and retirement of
stock, total
.mil. of dol..
Funded debt--do
Other debt-..
-do
Preferred stock
do
Other purposes
"
do
Proposed uses of proceeds by major groups:
Industrial, total net proceeds..mil. of dol..
New money
...
do...
Repayment of debt and retirement of
stock
mil. of doLPublic utility, total net proceeds. -. do
New money
do
Repayment of debt and retirement of
stock
mil. of dol..
Railroad, total net proceeds
do . . .
New money
do . . .
Repayment of debt and retirement of
stock
mil. of doL.
Other corporate, total net proceeds.do
New money
_
_
do
Repayment of debt and retirement of
stock
_
mil. of dol._
709
708
2,965
809
3,099
2,068
2,531
86
16
701
115
4
2
2,952
113
10
3
792
126
9
7
3,099
52
0
(•)
2,066
87
2
0
2, 519
50
9
3
102
47
49
6
0
607
558
49
0
1
121
110
11
0
0
587
531
56
0
0
126
104
21
0
1
2,839
2,809
30
0
142
63
70
9
1
666
634
32
0
0
53
47
3
2
0
3,046
2,998
47
0
1
89
19
68
2
0
1,979
1,932
47
0
0
62
16
45
1
0
2, 469
2, 444
24
0
1
76
100
118
124
139
52
88
60
40
34
5
39
70
15
55
59
27
33
72
57
15
14
11
3
39
33
6
23
8
15
48
12
36
0
64
11
53
0
1
66
55
5
5
2
37
29
8
37
34
3
0
12
29
26
1
15
14
4,975
1,884
J465
2,336
1,345
2,335
4,973
15
3
1,826
181
4
54
1444
135
12
2, 302
110
20
13
1,290
110
37
17
2, 315
58
19
0
239
77
80
26
57
1,645
1,578
64
0
2
155
87
60
1
i 309
1233
74
0
1
144
48
62
28
6
2,192
2,131
60
0
164
44
109
10
1
1,181
1,061
118
0
2
78
39
35
4
0
2, 257
2,216
41
0
236
152
142
161
2
2
1
91
64
27
92
61
31
57
36
21
71
38
33
15
15
0
no
59
37
22
1
79
52
17
10
(a)
18
6
3
9
0
4,958
4,919
38
0
0
17
(a)
0
5
125
14
1
5
()
*
C)
26
12
2
11
11
C)
41
15
5
C)
C)
(•)
(a)
(a)
46
25
107
59
102
49
61
51
46
9
18
4
16
34
25
21
45
3
48
11
11
53
21
10
8
69
17
37
3
2
'3
68
34
66
25
21
10
4
4
40
(5
(5
0
0
0
11
0
0
51
9
3
1
2
2
r34
2
2
28
1
1
4
57
10
(a)
38
11
0
0
0
0
0
Cl
0
0
0
0
1
6
1
1
0
0
0
0
0
0
0
0
0
0
0
306
482
482
827
060
594
142,151
40, 679
40, 679
27, 510
2.515
10,654
75
49
24
79
li
)
107
18
47
0
C)
(•)
(a)
44
(Commercial and Financial Chronicle)
Securities issued, by type of security, total (new
capital and refunding)
thous. of <lol.. 115, 121
28, 265
New capital, total
_
do
28, 265
Domestic, total
do
2,434
Corporate, total
do
0
Federal agencies
do
25,830
Municipal, State, etc
do
0
Foreign
do
86,856
Refunding, total
do
86, 856
Domestic, total
do
43,661
Corporate
do
30,645
Federal agencies
do
12, 365
Municipal, State, etc
do
0
Foreign
do
Domestic issues for productive uses (Moody's):
Total
_
mil.ofdoL.
Corporate
do
Municipal, State, etc.
do
(Bond Buyer)
State and municipal issues:
Permanent (long term)
thous. of doL. 37, 442
79, 765
Temporary (short term)
doT-_
COMMODITY MARKETS
**"
Volume of trading in grain futures:
19C
Wheat
.mil. of bu_.
81
Corn
--.
do....
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts) K
Customers' debit balances (net)
Cash on hand and in banks.Money borrowed
Customers' free credit balances
Bonds
mil. of doL.
do
do
do
510
310
260
179, 606 196.648
123,099 109,051
123,099 109, 051
'56.287
78.585
36, 890
8, 860
29, 922 21, 606
0
0
56, 508 87, 597
56, 508 87, 597
18,901
39, 209
26, 580 21,315
11,027 27,073
0
0
233, 304
108, 600
108,600
89, 427
0
19,173
0
124,703
124,703
42, 384
31,675
50, 644
0
241,732
139,136
139,136
76, 793
19,520
42, 823
0
102, 596
102,596
59, 002
25,100
18, 435
0
333, 238
181,760
181, 760
87,186
11,175
83,399
0
151,478
151,478
82. 846
33,775
34, 857
0
61
43
18
300.186
132 899
132.899
103,661
0
29,238
0
167, 287
167,287
97, 050
34, 822
35,415
0
71
34
37
137
67
70
47
33
14
90, 578 118,470
119,070
46,564
38,277
78, 479 60. 722
93,123 113,655
262,148
157.820
157, 820
97, 114
9,720
50, 986
0
104, 328
104, 328
18, 527
80, 540
5,261
0
180, 031
127, 570
127, 570
103, 092
2,715
21, 764
52, 461
52, 461
5,807
38, 800
7,855
0
104, 824
104,824
61,686
28,455
14,684
0
101,472
101,472
32, 719
32, 260
36,493
0
50
10
40
35
20
15
66
55
11
28
18
10
51, 235 61,308
183, 744 113,745
28, 759
59,916
36, 723
75,400
48,096
133, 530
78
58
20
o
201,
96,
96,
70,
2
17,
Q
161,645 100.977
103,072 45, 085
103, 072 45, 085
58, 600 28,446
0
0
44,472
16,639
0
0
58,573
55, 893
58,573
55, 393
6,018
30, 437
49, 925 18.400
6, 556
2,630
500
0
26
17
9
60, 862 -28,811
53, 672 203, 704
454
93
282
74
294
253
154
140
77
178
111
249
148
226
126
267
145
390
104
257
141
628
186
414
255
625
195
409
264
600
211
547
219
308
274
534
203
307
262
531
195
306
249
515
195
300
247
502
177
300
238
496
180
309
240
491
172
307
238
490
500
300
240
310
240
289
261
85
Prices:
Average price of all listed bonds (N. Y. S. E.)
96.48
95.24
95.13
95.25
94.80
94.50
95.63
dollars..
95.97
95.64
95.50
96.18
95.76
98.08
97.31
98.72
Domestic
do....
96.69
97.18
98.30
97.98
97.54
97.46
97.28
97.49
97.75
97 83
Foreign
do....
63.16
50.75
56.27
58.45
57.40
49.83
58.95
60.29
61.16
61.72
61.68
62.51
62.97
* Revised.
° Less than $500,000.
tFcr revised data for August-December 1941 see p. S-17 of the October 1942 Survey. Revisions for January-July 1941 are available upon request.
^[Data beginning August 1942 are estimates; cash on hand and in banks will hereafter be compiled only for June and December.
i Excludes offering of $502,983,000 1% Treasury Notes of Series A-1946 which were allotted to holders of Reconstruction Finance Corporation notes of Series P , maturing
Nov. 1,1941, and of Commodity Credit Corporation notes of Series E, maturing Nov. 15,1941.
S-19
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1941
1942
October
October
1942
Novem-1 December
j ber
January
February
March
April
May
June
July
August
September
FINANCE—Continued
SECURITY MARKETS-Continued.
Bonds—Continued
Prices—Continued.
Standard and Poor's Corporation:
Industrial, utilities, and rails:
High grade (15 bonds), .dot. per $100 bond.
Medium and lower grade:
Composite (50 bonds)
do
Industrials (10 bonds)
do....
Public utilin'es (20 bonds)
.do.__.
Rails (20 bonds)
.do—.
Defaulted (15 bonds)
.—.do....
Domestic municipals (15 bonds)
do.—.
U. S. Treasury bonds
do.. .
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
. . . t h o u s . of doL.
Face value.
do
On New York Stock Exchange:
Market value
do
Face value
do_Exclusive of stopped sales (N. Y. S. E.),
face value, total.
thous. of dol...
U. S. Government
do
Other than U. S. Govt., total___do
Domestic
do
Foreign
do
Value, issues listed on N . Y. S. E.:
Face value, all issues
mil. of doL.
Domestic
do
Foreign
do
Market value, all issues
do
Domestic
do
Foreign.
do
Yields:
Bond Buyer:
Domestic municipals (20 cities)...percent..
Moody's:
Domestic corporate
do
By ratings:
Aaa
_
do
Aa.
do
A__._
____do.___
Baa
_
do
By groups:
Industrials
do
Public utilities
_
do
Rails
do
Standard and Poor's Corporation:
Domestic municipals (15 bonds)
do
U. S. Treasury bonds:
Partially tax-exempt
-do
Taxable*
do....
119.3
118.8
119.2
117.5
117.5
117.1
116.7
117.8
117.7
118.0
118.9
118.7
119.0
102.1
111.2
107.1
88.0
30.3
126.5
109.5
99.2
105.3
107.2
85.0
25.1
133.0
112.0
99.4
105.9
107.4
84.9
24.8
133.4
112.4
97.4
105.0
104.7
82.4
21.9
125. 9
110.7
99.2
106. 7
104.1
86.9
24.1
124.4
110.1
99.6
106.9
104.4
87.7
25.6
120.1
108.9
98.8
106.1
101.8
88.6
27.6
119.7
110.2
99.3
107.1
102.3
88.4
26.7
122.1
110.5
S8.9
107.4
102.2
87.1
26.4
122.1
110.7
98.1
107.7
103.5
83.0
24.0
123.3
110.7
98.9
108.4
104.5
83.9
25.5
124.4
110.2
99.3
108. 7
104.1
85.2
27.1
125. 4
109.9
100.7
109.8
105.8
86.4
29.4
125. 9
109.8
134,771
303,128
125,159
209, 219
88,348
161,048
134,712
277,038
125,744
256, 089
89,449
178,409
137,003
306,812
99,075
202,862
91,838
179,690
81,804
151,865
80,306
155, 111
83, 842
173, 629
124,075
316, 526
122,448
285, 683
109,888
189,947
76,382
145,446
116,561
251,650
111, 586
237, 263
78, 643
165, 002
121,066
286,211
86,629
186,165
80,772
165,276
72. 623
139,586
75,610
71,249
142, 932 162,734
112, 301
300,306
266, 931
248
266, 684
258,361
8,323
178,899
1,307
177,592
163,413
14,179
140, 746
1,470
139,276
125,694
13, 582
224, 737
1,781
222,956
205, 251
17,705
219,955
1,138
218.817
206,145
12, 672
158,357
944
157,413
148,551
8,862
263, 055
879
262,176
249,192
12,984
174,011
545
173,467
162,311
11,156
156,658
953
155,705
138. 597
17,109
133, 776
407
133,369
124, 676
8,694
125, 605
299
125, 306
119,068
6,238
159, 938
449
159,490
152,418
7,072
276, 812
245
276, 567
268,643
7,924
67, 207
64,139
3,068
64,844
62, 906
1,938
57, 856
53,673
4,183
55,107
52,984
2,123
57,821
53, 646
4,175
54, 813
52, 732
2,080
58, 237
55,080
3,157
55,034
53, 257
1,777
59, 076
55, 924
3,152
56, 261
54, 419
1,842
60, 532
57,411
3,121
57,584
55,793
1,791
60, 579
57, 471
3,108
58,140
56, 308
1,832
60, 572
57,466
3,105
57,924
56,051
1,872
61,956
58,852
3,105
59, 258
57,359
1,899
61,899
58,804
3,096
59,112
57, 201
1,911
63, 992
60,903
3,089
61, 278
59,372
1,905
65, 277
62,198
3,079
62, 720
60, 796
1, 924
65, 256
62,182
3,074
62, 766
60,830
1,936
2.13
1.90
1.93
2.24
2.36
2.51
2.38
2.33
2.33
2.21
2.15
3.31
3.27
3.26
3.35
3.35
3.35
3.37
3.34
3.36
3.37
3.35
3.34
3.33
2.80
2.95
3.24
4.24
2.73
2.87
3.21
4.28
2.72
2.86
3.19
4.28
2.80
2.95
3.27
4.38
2.83
2.96
3.30
4.29
2.85
2.98
3.29
4.29
2.86
3.00
3.32
4.30
2.83
2.98
3.30
4.26
2.85
3.00
3.31
4.27
2.85
3.01
3.31
4.33
2.83
2.99
3. 28
4.30
2.81
2.99
3.27
4.28
2.80
2.98
3.26
4.26
2.94
3.07
3.92
2.85
3.05
3.93
2.85
3.04
3.91
2.94
3.12
3.99
2.97
3.13
3.93
2.98
3.15
3.94
3.00
3.17
3.94
2.96
3.13
3.95
2.97
3.13
3.97
2.97
3.12
4.03
2.94
3.09
4.02
2.94
3.09
3.98
2.95
3.08
3.95
2.22
1.91
1.90
2.25
2.33
2.55
2.58
2.44
2.45
2.38
2.32
. 2.28
2.25
2 05
2.33
1.88
2.23
1.85
2.22
1.97
2.37
2 01
2.37
2.09
2.39
2.00
2.35
1.98
2.34
1.97
2.35
1 97
2.33
2. 00
2^34
2 02
2^34
2.03
2.34
2.15
2.16
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
_
.mil. of dol.. 1,645.97 1,840.31 1,889.13 1,927.69 1,926.59 1,857.45 1,850.15 1,805.62 1,701.40 1,675.01 1,675.81 1,646.14 1,643.75
1, 646.14
1, 675.01
1, 926. 59 1,857. 45 1, 850.15 1,805. 62
1,645. 97 1,840. 31
938.08
938.08
Number of shares, adjusted....
millions.. 938. 08
938.08
938.08
938.08
938.08
938.08
938.08
938.08
938.08
938. O
OS 938.08
S
938.08
938. 08
Dividend rate per share (weighted average)
1.79
2 05
1.75
1.92
1.96
(600cos.)..._
dollars..
1.75
1.96
2.01
2 05
2.05
1.98
1.97
1.92
1.81
1.79
1.79
1.75
1.75
1.79
2.01
1.97
1.75
1.81
2.05
1.98
2.81
2.99
Banks (21 cos.)
.do
2.81
2.99
3.00
2 88
2.88
2.88
2.81
2.81
2.81
2.81
2.81
2.81
2.81
2.81
2.81
3.00
2.81
2.81
2.88
2.88
2.88
2.81
2.81
Industrial? (492 cos.)
.do
1.70
1.97
2.05
2.09
2.09
1.99
1.98
1.93
1.79
1.76
1.75
1.71
1.70
1.79
1.75
2.05
2.09
1.93
1.97
1.71
1.76
1.98
2.09
1.99
1.70
Insurance (21 cos.)
do
2.69
2.62
2.62
2.69
2.69
2.69
2.69
2.69
2.69
2.69
2.69
2.69
2. C
2.69
2.69
2.69
2.69
2.62
2.69
2.69
2.69
2.69
2.69
2.69
2.62
1.74
1.75
1.74
1.74
1.82
1.81
1.81
1.77
1.86
Public utilities (30 cos.)
do
1.73
1.86
1.82
1.81
1.81
1.81
1.80
1.77
1.75
1.74
1.74
1.74
1.73
1.80
1.73
1.81
1.75
1.77
Rails (36 cos.)
,
do
1.85
1.58
1.58
1.77
1.77
1.77
1.77
1.77
1.66
1.66
1.75
1.75
1.79
1.77
1.75
1.66
1.58
1.77
1.58
1.66
1.77
1.77
1.85
Dividend payments, b y industry groups:*
404.1
185.2
987.5
361.3
295.7
Total dividend payments
mil. of d o l . .
322.3
404.1
185.2
148.4
123.5
538.8
361.3
153.1 471.0
123.5
148.4
482.3
153.1
339.3
Manufacturing
.do
126.2
229.6
86.4
550.0
95.3
61.7
212.9
134.4
66.6
224.1
139.7
71.8 199.9
71.8
66.6
224.1
139.7
86.4
95.3
61.7
212.9
134.4
126.2
Trade
do....
14.1
13.6
4.3
50.0
15.1
8.7
28.3
15.8
3.8
30.6
14.0
3.9
31.2
3.9
3.8
30.6
14.0
4.3
50.0
15.1
8.7
28.3
15.8
14.1
13.6
Finance
do
43.0
41.8
18.8
54.3
60.5
30.3
18.3
42.6
11.9
26.3
54.9
29.3
29.3
20.0
11.9
26.3
54.9
18.8
54.3
60.5
30.3
18.3
41.8
42.6
43.0
1.9
32.3
30.0
7.0
53.6
28.0
18.4
Railroads
...do
17.1
18.4
7.0
53.6
28.0
7.7
9.3
20.6
1.9
32.3
30.0
8.9
8.9
10. i
7.7
9.3
20.6
17.1
65.3
42.1
32.2
38.4
57.8
44.7
Heat, light, and power
do
62.4
44.7
57.8
42.1
43.8
31.2
32.8
69.1
32.2
38.4
65.3
31.0
31.0
43.8
31.2
31.0
32.8
69.1
62.4
Communications
do
50.1
47.1
1.4
152.3
47.1
2.1
150.0
47.6
1.4
148.6
47.8
1.4
145.0
1.4
1.4
148.6
47.8
1.4
152.3
47.1
2.1
150.0
47.1
47.6
50.1
8.3
6.2
4.6
24.9
5.1
Miscellaneous
...do....
4.6
5.1
4.6
24.9
3.9
3.6
7.7
4.6
3.9
8.3
6.2
3.3
3.3
7.5
3.9
3.6
7.7
3.9
4.6
4.6
Prices:
Average price of all listed shares (N. Y. S. E.)
46.6
51.6
42.6
47.2
44.6
45.3
48.7
44.5
53.2
Dec. 31, 1924-100..
51.1
53.2
51.6
48.7
49.2
47.8
44.5
42.6
44.6
45.3
46.6
47.2
48.2
51.1
47.8
49.2
Dow-Jones & Co., Inc. (65 stocks)
35. 54
32.92
35.46
33.12
34.20
41.26
34.54
dol. per s h a r e . .
41.26
39.53
36.92
33.12
35.54
36.00
36.79
38.37
37.86
98.42
103. 75
106. 94
110.67
97.79
121. 18
Industrials (30 stocks)
do
121.18
107.28
101.62
103.75
106.94
106.08
107.41
116.91
101. 62
111.11
107. 28
113.51
Public utilities (15 s t o c k s ) - . . .
do
13.35
17.65
15.93
14.38
14.41
13.83
12.15
11.06
11.68
11.93
11.75
11.51 11.76
11.51
11.68
11.93
11.75
15.93
14.38
14.41
13.83
12. 15
11.06
13.35
17.65
Rails (20 stocks)
do .
28.01
24.56
25.63
26.19
26.76
26.19
24.29
23.59
25. 63
27.92
25.33
26.09
24. 56
28.54
27.85
28.65
28.01
71.07
73.10
79.17
New York Times (50 stocks)
do....
79.06
87.37
87.92
79.17
77.09
74.46
69.17
67.52
68.30
71.07
73.26
73.10
74.40
69.17
Industrials (25 stocks)
do . . 136.56
153.71
145.66
139.86
133.77
128.67
119.65
117.45
119.25
125.05
129.42
126.93
126. 93
128.65
125. 05
145. 66
119. 65
136. 56
18.71
17.59
17.35
17.10
18.47
21.04
Railroads (25 stocks)
do
21.55
21.04
20.19
18.47
20.41
20.26
18.69
17.59
17.35
17.10
18.71
19.26
19.26 20.16
20.19
20.41
18.69
21.55
20.26
Standard and Poor's Corporation:
68.2
63.3
68.3
63.2
66.1
77.4
66.0
80.4
Combined index (402 stocks)-1935-39=100...
74.2
80.4
77.4
71.8
72.6
69.9
66.0
63.3
63.2
66.1
68.2
68.3
69.4
71.8
69.9
74.2
72.6
70.5
70.6
68.2
64.8
64.7
78.6
73.8
Industrials (354 stocks)
do....
76.5
81.6
78.6
73.8
74.3
71.0
67.2
64.8
64.7
68.2
70.6
70.5
71.6
71.0
67.2
76.5
81.6
74.3
Capital goods (116 stocks)
do
77.6
82.2
78.7
76.3
78.6
74.8
70.8
67.8
66.3
69.0
71.5
71.0
71.0
71.3
71.5
66.3
69.0
78.7
76.3
74.8
70.8
67.8
82.2
78.6
77.6
69.2
61.8
68.9
62.9
67.6
66.2
63.9
Consumer's goods (191 stocks)....do
72.7
79.0
74.2
67.6
68.8
66.2
63.9
61.8
62.9
67.6
69.2
68.9
69.6
67.6
74.2
68.8
72.7
79.0
58.8
58.4
57.2
58.8
66.2
66.1
64.5
60.5
56.5
Public utilities (28 stocks)
do....
63.7
78.5
74.5
66.2
66.1
64.5
60.5
56.5
57.2
58.8
58.4
58.8
59.5
74.5
78.5
63.7
65.4
62.9
61.1
60.3
59.0
68.4
Rails (20 stocks)
.do
72.7
70.3
68.4
61.0
69.0
68.4
65.0
61.1
60.3
59.0
62.9
65.4
66.7
61.0
68.4
65.0
69.0
72.7
70.3
Other issues:
60.4
67.9
70.5
62.5
66.3
78.5
72.1
70.9
62.6
Banks, N . Y . C. (19 stocks)
do
75.7
84.9
78.5
72.1
73.8
70.9
62.6
60.4
62.5
66.3
67.9
70.5
74.1
73.8
75.7
84.9
Fire and marine insurance (18 stocks)
90.6
106.1
98.5
98.5
97.2
95.9
89.5
111.5
107.6
101.7
1935-39 = 100..
104.7
114.0
111.5
106.1
107.6
101.7
95.9
89.5
90.6
97.2
98.5
98.5 100.6
104.7
114.0
* New series. T h e new bond series represents t h e average yield of taxable Treasury bonds (interest subject to both t h e normal and surtax rates of the Federal income
tax) neither due nor callable for 12 years; this average started Oct. 20,1941, following the issuance of the second series of such bonds. For available earlier data for the new series
on dividend payments and a description of the data, see p p . 26-28 of the November 1942 issue.
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
Octoto the sources of the data, may be found in the
ber
1942 Supplement to the Survey
December 1942
1941
October
1942
Novem- December
ber
January
February
March
April
May
June
July
August '
AUbUSC |
S o p
"
t c m b e r
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL. 465,937 493, 760 509,040
Shares sold
.
thousands.. 24, 753 24, 724 26, 636
On New York Stock Exchange:
Market value.
thous. of dol.. 400, 475 413,341 422,423
Sharessold
thousands.. 19,610
18, 512 19,099
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands- 15, 933 13,137 15,052
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol.. 37, 738 39,057 37,882
1,464
1,471
1,465
Number of shares listed
millions._
Yields:
6.8
6.3
5.8
Common stocks (200), Moody's
percent...
5.2
5.0
5.0
Banks (15 stocks)
do
6.9
6.4
5.5
Industrials (125 stocks)
do
4.1
4.1
4.4
Insurance (10 stocks)
do
6.9
6.6
7.2
Public utilities (25 stocks)
do
6.8
6.5
7.0
Rails (25 stocks)
..do
Preferred stocks, high-grade (15 stocks),
4.11
4.07
Standard and Poor's Corp
percent.4.23
StockhoSders (Common Stock)
American Tel. & Tel. Co., total
number..
Foreign
do
Pennsylvania R. R. Co., total
do
Foreign...
._
..do
U. S. Steel Corporation, total
.do....
Foreign
do
Shares held b y brokers
percent of total..
1,085,599 512,503
62, 676 28,359
296,408
14,018
341, 230 272,889 265, 455 273, 279 302,181 253,211 284, 995
16, 391 13, 613 12, 625 12,838
14, 033 12, 553 15, 381
929,046 466,932
46, 891 22,236
251,187
10,610
287, 785 226,187
12,17.5 10,079
226,102
9,685
232,947
9,932
258,535 214,217
9,489
10, 964
12,994
35, 786
1,463
7,926
8,580
7,589
7,229
36, 228
1,467
35, 234
1,467
32,844
1, 469
31, 449
1,469
32, 914
1,469
33,419
1,470
34,444
1,471
6.9
5.7
6.7
4.9
8.2
7.8
6.6
5.6
6.4
4.8
8.4
7.8
6.4
5.5
6.1
4.7
8.2
7.7
4.40
4.32
7.3
5.4
7.3
4.5
7.6
8.2
7.2
5.3
7.4
4.5
7.6
7.2
7.1
5.6
7.2
4.6
7.7
7.4
7.7
6.0
7.7
5.0
8.S
8.2
7.8
6.1
7.7
5.3
8.9
8.3
4.15
4.21
4.24
4.38
4.52
633, 588
5,281
205,012
1,447
163, 732
2,584
25.40
637,020
5,230
205, 304
1,409
164. 013
2. 596
24.90
8,374
7, 387
241, 517
11, 903
9, 450
34, 872 35,605
1,471 j 1,471
6.3 j
5.1 !
6.0 I
4.7 I
8.0
7.5
6.1
4.9
5.8
4.5
7.9
7.3
4.27
4.27
641,301
5,184
205, 405
1,367
163, 754
2,577
[ 24.88
639,152
5.214
205. 259
1,374
164,039
2,580
24.90
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
Value
Unit value
_
Imports for consumption:
Quantity
Value
Unit value
VALUE
Exports, total incl. reexports
Exports of U. S. merchandise
General imports
Imports for consumption
1923-25=100..
do...
_
_.do...
1225
1174
77
163
129
79
1214
»171
80
148
127
145
128
••190
162
'85
r205
185
90
do..
do...
do...
138
92
129
87
67
156
106
117
80
69
107
75
70
110
79
72
95
70
73
666, 376
647, 462
304,127
292, 303
491,818
481, 630
280, 525
276, 224
651, 555
635.179
343, 794
338, 272
479,480
473, 537
253, 654
256,129
478, 531
474,896
254,038
239, 456
610,973
604,945
272, 287
252, 050
695,355
687,658
234,122
222, 913
thous. of doL.
do
do
do
776,036
768, 912
199, 392
223,582
1
1
153
139
91
525,116
519,168
190. 594
186,159
618,984
613,591
220,034
201,050
628, 627
623,715
214,384
208,156
702,340
696,005
184,432
192, 352
718,187
712,135
189,642
199, 556
I
TRANSPORTATION ANT) COMMUNICATIONS
TRANSPORTATION
Commodity and Passenger
Unadjusted indexes:
146
149
152
149
158
157
170
177
180
Combined index, all typesJ
1935-39 = 100.149
152
156
155
162
163
175
188
188
Excluding local transit linesi
do
147
151
155
157
161
167
172
179
181
Commodity t
do
143
141
143
126
148
128
163
169
181
Passenger t
do
166
163
161
139
169
142
197
210
233
Excluding local transit lines J
do
By types of transportation:
254
260
299
311
261
270
326
349
287
Air, combined index
do
261
222
217
258
273
292
303
311
324
Commodity
do
258
351
278
263
268
324
380
337
263
Passenger.
do
Intercity motor bus and truck, combined
172
162
165
170
164
170
176
173
175
index*
1935-39 = 100..
177
177
174
178
166
180
166
160
154
Commodity, motor truckj
do
159
127
144
149
159
146
199
206
228
Passenger, motor bust
do
123
128
116
124
131
136
135
117
137
Local transit lines, passenger
do
136
142
133
140
126
126
126
123
123
Oil and gas pipe lines, commodity
do
151
164
155
157
173
185
197
202
166
Railroads, combined index
do
149
163
159
156
174
171
185
196
198
Commodity
.
do
164
173
128
164
165
184
205
128
234
Passenger
do
87
53
133
64
59
144
92
108
113
Waterborne (domestic), commodity t-do
Adjusted indexes:
149
147
146
154
158
164
178
172
180
Combined index, all typesl
do
152
151
154
159
163
170
Excluding local transit lines]:
do
178
184
186
152
150
156
153
161
167
Commodity %.
.do
175
180
180
131
134
146
149
154
Passenger J
do
137
162
171
180
150
159
175
189
161
Excluding local transit linest—----do
215
199
229
By type of transportation:
292
224
269
270
320
340
326
Air, combined index
do
287
358
223
250
258
292
217
273
303
311
324
Commodity
do
302
372
320
367
Passenger
do
303
350
394
337
263
Intercity motor bus and truck, combined
161
166
176
172
163
180
index J
1935-39=100..
178
171
178
162
170
167
177
179
179
Commodity, motor truckj
do
166
160
154
158
156
155
184
173
156
222
215
Passenger, motor bust--do
206
114
117
115
125
122
124
Local transit lines, passenger
do
130
134
139
134
135
130
125
137
133
Oil and gas pipe lines, commodity
do
123
123
128
' Revised.
* Figures overstated owing to inclusion in October and December export statistics of an unusually large volume of shipments actually exported in
• New series. For a description of the transportation indexes and earlier data, except as noted, see pp. 20-28 of the September 1942 Survey,
t Revised or added since publication of data in the September Survey; earlier indexes will be published in a subsequent issue.
186
194
184
193
264
192
201
189
203
284
195
204
192
205
283
302
349
270
321
359
296
330
373
301
188
150
280
134
122
209
203
256
114
187
152
273
138
129
218
209
289
113
175
147
243
142
130
224
214
302
110
185
191
183
192
245
189
195
184
203
267
190
196
185
205
275
302
349
270
321
359
296
330
373
301
171
150
221
148
128
172
152
220
151
132
168
147
218
147
134
earlier months.
S-21
SUEVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
October
1941
October
Novem- December
ber
1942
January
February
March
April
May
June
July
SepAugust tember
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION
Commodity and Passenger*—Con.
Adjusted indexes—Continued.
By type of transportation—Continued.
153
153
155
Railroads
1935-39=100_.
160
168
177
155
153
155
159
Commodity
do
167
176
138
151
154
165
Passenger
do
182
181
119
112
120
116
Water borne (domestic), commodity t- do
101
99
Express Operations
12,143
11,904
O perating revenue
thous. of dol..
14,051
11,809
11, 582 11,976
101
95
131
79
90
Operating income
_
do
77
Local Transit Lines
7. 8060 7.8005 7.8005
7.8005
7.8005 7.8033 7.8033
Fares, average, cash rate
cents.. 1,157,621
895,991 856, 773 941,924 946,315 885,128 1,003,196
Passengers carried
thousands..
64,603
61,671
68,133
68, 637 65,004 72,561
Operating revenues
thous. of doL.
Class I Steam Railways
Freight carloadings (Federal Reserve indexes):
150
144
141
128
129
129
129
Combined index, unadjusted...1935-39=100..
138
138
135
125
136
132
125
Coal
do
180
165
168
182
184
184
175
Coke
_
do
158
147
143
129
140
153
149
Forest products
do
139
104
115
113
125
110
102
Grains and grain products
.do
169
146
117
97
95
76
77
Livestock.
_
do
58
101
101
93
96
92
Merchandise, 1. c. l._
do
260
232
199
46
47
73
Ore
_
do
163
151
150
134
138
135
139
Miscellaneous
do
133
127
135
140
137
139
136
Combined index, adjusted
do
121
121
121
119
111
116
122
Coal
_
do
180
165
159
153
167
150
168
Coke
_
__.do
149
140
146
156
145
159
149
Forest products.
do
130
97
118
142
124
131
119
Grains and grain products
do
110
95
99
101
95
97
Livestock
do
56
97
97
100
100
92
Merchandise, 1. c. 1
do
223
178
186
246
204
187
282
Ore
...do
144
133
152
149
144
151
143
Miscellaneous
_
do
Freight-car loadings (A. A. R.):1
4,512 '4,553
4,318
3,046
3,858
3,123
3,171
Total cars
thousands. 837
790
575
797
'837
629
610
Coal
do_...
71
64
54
71
'66
57
55
Coke
do....
244
214
153
208
'228
185
184
Forest products
do
r
247
194
155
212
185
154
146
Grains and grain products
do
118
82
53
65
'102
42
43
Livestock
do
460
768
582
711
'800
597
584
Merchandise, 1. c. 1
do
373
277
77
65
52
'331
72
Ore
..do....
r
2,162
1,929
1,396
1,729
1,407
2,004
1,477
Miscellaneous
do
30
61
75
60
59
42
58
Freight-car surplus, total
do
17
28
27
22
22
18
23
Box cars
do
5
18
32
22
20
10
17
Coal cars
_
do
Financial operations:
584
Operating revenues, total.
thous. of doL 745, 612 517, 605 457,012 479, 560 480,691 462,486 540,118
Freight...
do.... 587, 322 440,122 385,241 389,223 392, 571 377, 593 445,490
108,
42, 231 40, 519
55, 697 54,746 59,106
Passenger
do
416,430 361,514 335, 614 352, 532 348,781 327,653 360,011
Operating expenses
do
144,474 '62,043
52, 633 46, 480 62,944 68,347 87, 749
Taxes, joint facility and equip, rents. __ do
r
184, 680 94,048 68, 765 80,549 68,966
92,359
Net railway operating income
do
134,900
53, 676 29,226 55,492 26,130 23, 716 46, 888
Net income
do
Operating results:
51,135 46,032 44, 545 46, 666 44,109 51,853
Freight carried 1 mile
mil. of tons..
.904
.943
.926
.922
.914
.924
Revenue per ton-mile
cents..
2,299
3,055
2,397
2,895
3,078
3,070
Passengers carried 1 mile..
millions.
Financial operations, adjusted:
476.0
486.2
452.6
518.9
495.3
541.7
Operating revenues, total
mil. of doL.
398.7
403.2
375.9
423.9
406.6
443.0
Freight
do....
45.1
49.4
44.1
60.1
63.0
53.6
Passenger..
do
403.1
403.2
409.8
420.3
445.7
413.1
Railway expenses
do
72.9
49.4
98.6
76.4
96.1
82.3
Net railway operating income
do
33.1
10.5
57.7
52.4
40.0
Net income
do
Waterway Traffic
Canals, New York State-.thous. of short tons..
534
0
700
0
210
Rivers, Mississippi (Gov. barges only)_..do
240
119
251
100
Travel
Operations on scheduled air lines:
11, 501 10,855
Miles flown
thous. of miles.
12,200
9,979 11,352
11,127
1,689
2,386
Express carried
thous. of l b . .
1,761
2,170
2, 531
2,560
420, 393 324,546 298,680 300,900 286,435 371, 398
Passengers carried
number..
150,920 115,825 111, 077 113,135 104, 220 139, 061
Passenger-miles
flown.
thous. of miles..
Hotels:
3.73
3.61
3.39
3.55
3.40
3.30
Average sale per occupied room
dollars...
80
69
61
71
70
71
70
Rooms occupied
percent of total..
135
114
103
108
101
Restaurant sales index
..1929=100..
107
100
Foreign travel:
10,799
11,668 '9,305
6,723
8,745
9,456
U. S. citizens, arrivals
number..
9,942
8,748 ' 11,316
5,754
7,871
10, 222
U. S. citizens, departures..
do
714
945
686
448
408
532
Emigrants
do
2,188
2,581
2,256
1,924
1,954
Immigrants..
do
1,560
4,331
4,549
14, 667
5,177
6,020
5,145
Passports issuedcf
_
...do
6,881
National parks:
253, 489 129,890 59,812 60,767 59,338
Visitors
_
_
do
78,112 39,383
18,152 17,477
Automobiles
...do
16,821
17, 760
Pullman Co.:
840,925 763,624 1,017,616 1,273,822 1,208,162 1,288,858
Revenue passenger-miles
thousands..
5,138
Passenger revenues
thous. of doL.
4,776
5,608
6,929 6,421
6,935
' Revised.
JSee note marked " J " on p. S-20.
i[Data for November 1941, January, May, August, and October 1942 are for 5 weeks; other months, 4 weeks;
cf Beginning February 1942 data include passports issued to Am erican seamen.
*See note marked with an "*" on p. S-20.
190
191
184
87
199
199
205
84
203
199
234
84
210
204
256
84
214
205
289
84
12,134
79
12.312
61
12,168
12,170
76
12,106
77
72
217
206
302
85
7. 8060 7. 8060 7. 8060
7. 8060
7.8060
7.8060
1,004,698 1,034,361 1,015,722 1,023,167 1,038,784 1,048,977
77, 400 78, 399 78, 782
75, 512
76,494
72,668
136
135
176
159
100
90
81
218
142
143
160
200
159
117
101
80
267
141
138
139
181
161
99
89
62
303
144
143
164
197
155
115
98
62
289
142
139
135
179
165
111
81
60
318
145
141
160
199
159
113
103
60
183
144
142
132
177
173
138
76
57
325
148
142
155
205
172
95
90
57
180
149
144
136
175
173
129
100
57
308
152
143
154
208
165
106
106
57
176
152
152
142
184
167
139
135
57
304
162
136
135
188
154
126
102
55
174
146
3,351
645
56
196
141
50
525
235
1,503
56
28
12
4,171
830
70
245
174
62
492
420
1,878
70
42
10
3,386
661
57
204
154
45
378
359
1,528
82
55
9
3,322
605
54
203
194
40
346
363
1, 517
'67
'43
4,351
825
69
270
228
68
449
440
2,001
59
40
5
3,504
661
56
199
188
71
347
336
1,647
'39
'25
'5
572,531
468,007
66,116
366,756
103, 741
102,034
57,890
601,002
487,982
74,345
375,440
115,933
109,628
63,668
623, 687
501,343
82, 268
378, 472
126,484
118,731
77,691
665,182
533, 086
91, 939
390, 477
141, 703
133, 001
89, 632
683,807
537,412
103,463
399, 292
149,250
135,264
' 89, 243
697,792
546, 791
104,971
399,706
143,455
154, 632
105,190
53,631
.937
3,427
58,517
.900
3,822
57, 304
.931
4,238
60, 713
.936
4,765
62,405
.917
5,395
61,934
584.2
474.8
71.3
471.5
112.7
70.3
617.8
499.4
81.0
486.5
131.2
87.9
627.4
508.6
79.4
499.5
127.9
84.2
642.8
519.4
82.0
518.7
124.0
'79.2
668.9
534.2
92.3
539.3
129.5
84.6
662.6
517.9
100.4
534.7
127.9
81.8
201
206
401
251
462
225
584
257
461
247
11,340
2,884
428,153
158, 218
10,S47
3,076
369,776
144,947
7,353
3,097
240,916
109,253
3.64
71
121
3.26
72
121
3.43
71
128
7,298
6,807
462
1,699
7,923
7,569
11,145
389
1,673
7,880
7,459
5,147
585
2,593
16,244
94,192
28,203
137,187
41,196
221,697
67,454
8,079
8,451
3,927
3,534
262, 715 283,145
116,104 127,393
4,375
273,022
125,327
3.45
69
125
3.74
75
143
3.70
78
134
9,263
4, 935
419
2,195
15, 042
7,031
5,005
344
1,932
11,635
19,128
342, 043 330, 540
94,102
98,147
1,380,255 1,445,506 1,496,048 1,471,500 1,843,326 1,925,459
7,784
8,092
8,509
8,903
9,638
10,169
S-22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1941
1942
October
December 1942
October
1943
Novem- December
ber
January
February
March
April
May
June
July
August
September
TRANSPORTATION AND COMMUNICATIONS—Continued
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, total
thous. of dol_.
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol..
Cable carriers..
do
Operating expenses
do
Operating income
do
Net income
do
Radiotelegraph carriers, operating revenues
thous. of dol__
124,000
78,700
35,368
82,052
20,165
20,954
119,818 128,993 128,257
77,292 80,229 79,974
32,526 37, 782 37,441
79, 651 87,307 82,935
19,645 32,532 21,166
21,067 21,206 21,362
123,860
77,771
34,961
79,414
21,307
21,481
130,347
79,698
39,471
84,365
21,647
21,595
131,727
80,264
40,207
84,372
21,596
21,702
133,076
80,070
41,616
85,655
22,264
21,815
134,216
80,078
42,379
85,542
22,167
21,888
135,652
79,415
44, 579
89,370
21,339
21,941
135, 328 138, 015
78,897 80,413
44, 666 45,680
86,439
87, 832
22, 632 22, 846
22,048 22,146
12,566
Jl,493
11,583
10,436
15,448
14,089
12,732
11,563
11,697
10, 724
13,074
11,940
13,587
12,553
13,877
12,824
14,398
13,151
14,375
13, 296
14, 282
13, 254
14,617
13,600
553
1,073
10,809
784
316
533
1,147
10,276
390
734
1,359
12,003
2,215
1,488
620
1,169
11,054
585
61
565
972
10, 246
465
663
1,134
10,889
918
661
1,035
11,188
1,088
572
658
1,053
11,639
905
678
1,248
11,718
1,216
787
709
1,080
11,967
958
454
712
1,028
11,932
1,031
501
755
1,018
11,912
1,384
946
1,316
1,197
1,442
1,163
1,092
915
1,032
1,108
1,204
993
0.58
.28
40, 545
0.58
.28
42,101
0.58
.28
40,409
961
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Methanol:
Prices, wholesale:
Wood, refined (N. Y.)
dol. per gallon..
Snythetic, pure, f. o. b. works
do
Explosives, shipments
thous. of lb_.
Sulphur production (quarterly):
Louisiana
long tons..
Texas
do
Sulfuricacid:
Price, wholesale, 66*, at works
dol. per short ton_.
FERTILIZERS
Consumption, Southern States
thous. of short tons..
Price, wholesale, nitrate of soda, crude
f. o. b. cars, port warehouses*..dol. per cwt_.
Potash deliveries
short tons_.
Superphosphate (bulk):
Production...
do....
Shipments to consumers
do
Stocks, end of month
do....
0.58
.28
41,407
0.54
.28
37,486
0.58
.28
38,879
0.58
.28
16,720
0.58
.28
37,681
135,285
802, 576
16.50
16.50
16.50
0.58
.28
36,453
0.58
.28
41,045
163, 810
774,706
110,115
725,579
16.50
16.50
16.50
16.50
0.58
.28
41, 709
16.50
16.50
16.50
0.58
.28
42, 571
148, 570
739, 665
16.50
16.50
16.50
1.650
59, 371
1.650
56, 439
200
168
186
267
1,030
1,003
1,060
678
287
148
70
1.650
59, 846
1.650
56,039
1.650
53,646
1.650
59,897
1.650
57,113
fl. 650
51,402
1.650
56,386
1.650
44,994
1.650
29, 714
1.650
62,959
1.650
59, 224
413,240
129,293
1,051,966
419,946
87,581
487,558 487,164 457,302
80,113
77, 725 146,846
1,049,268 1,082,860 1,017,847
480,018
204,855
911,507
431,634
254,239
730,135
440, 685
147, 473
760, 761
2.44
24,626
372,983
2.64
34, 516
297,168
2.89
34, 637
270, 383
3.16
30,214
269,496
3.22
19,862
257,926
3.06
3, 733
250,110
2.89
16,353
239,817
2.82
18,449
45,086
2.95
21, 686
237,420
3.10
26,872
229,436
2.91
35, 415
245, 937
3.30
24, 713
250,079
.78
10,942
26,389
.76
5,999
18,955
.73
12,231
15,676
.76
6,357
26,594
.76
1,127
20,496
.73
784
16,675
.65
4,550
17,010
.61
6,554
17,758
.63
8,021
22,817
.64
11,466
32,164
.61
10, 421
39, 821
.66
9,290
45, 705
NAVAL STORES
Rosin, gum:
Price, wholesale "H" (Savannah), bulk
3.50
dol. per ewt_.
Receipts, net, 3 ports
bbl. (500 lb.).. 18,922
263,434
Stocks, 3 ports, end of month
.do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal..
.70
Receipts, net, 3 ports
bbl. (50 gal.)..
6,474
Stocks, 3 ports, end of month
do
49, 525
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils:
Animal fats*
Consumption, factory
thous. of lb_.
Production
_._do
Stocks, end of month
do
Greases:
Consumption, factory
do
Production
do
Stocks, end of month
do
Fish oils:
Consumption, factory
_do
Production
__do
Stocks, end of month...
_
do
Vegetable oils, total:
Consumption, crude, factory
mil. of lb_.
Production
do
Stocks, end of month:
Crude
do
Refined
do
Coconut or copra oil:
Consumption, factory:
Crude.
_
..thous. of lb._
Refined.
_
do
Production:
Crude.
...do
Refineddo
Stocks, end of month:
Crude
...do
Refined
do
Cottonseed:
Consumption (crush).. _thous. of short tons..
Receipts at mills.
do
Stocks at mills, end of month
do
0.54
.28
42,629
169
453,095 445,603 501, 592 2520, 558
72, 332
78,577
98, 287 2150, 599
915,172 1,067,747 1,070.785 21,171,369
136,624
223, 747
289, 743
1350, 722
1761, 446
1461,497
1395,967
1776, 542
1445,114
1379,256
'699, 673
1365,870
104,890
247,889
393,452
120, 265
213,963
368, 527
137,997
220, 217
311, 526
51, 239
45,084
96,432
»118,673
U40,991
1105,815
U25,047
U40,105
U00,330
1135, 020
1141,187
1102,044
39,945
46, 259
106,004
46, 245
41,313
107, 787
42, 549
42, 086
104, 028
14,496
20,895
207,131
i 54, 513
i 81,685
1189,916
i 50,176
* 7,128
»171, 398
i 42,798
1 11, 713
1160, 540
16,067
10,342
162,869
14, 570
27, 575
178,219
15,319
27, 291
178, 247
342
432
i 1,106
l 1, 205
i 1,048
i 1,018
1744
i 710
210
214
212
212
333
834
299
1902
1450
1895
1 513
1761
i 521
729
458
726
373
764
312
8,058
2,259
U84, 737
i 79,028
»113,643
149,437
135,085
i 12,995
9,316
3,294
10,026
5,218
7,352
2,742
9,111
2,370
i 80,366
i 97,464
i 45,392
i 65,072
* 17,740
1 13,512
3,715
4,289
126, 739
7,243
1178,463
i 16, 248
1135, 790
i 15,131
»126,087
i 10,017
129,703
9,325
128, 602
12, 262
8,141
27
116
62
27
81
93
157
145
529
1,085
701
738
1,635
1,598
••671
1,260
' 1, 347
r
586
679
1,437
505
361
1,293
474
218
1,037
413
144
768
317
52
503
224
22
301
144
21
177
()
()
()
1,822
d
r
• Not available.
Deficit.
Revised.
1 Quarterly data. Data compiled monthly beginning July 1942.
2 Data beginning September 1942 include a certain amount of superphosphate formerly reported in dry and mixed base goods not previously included with bulk superphosphate. The stock figure as of August 31, comparable with September data is 1,129,790 tons; no other data are available for comparison. Data are currently reported on
an 18% A. P. A. basis and are here converted to a 16% basis so that they are comparable with prior figures.
•This price has been substituted beginning 1935 for the one shown in the 1942 Supplement. Revisions for January 1935-July 1937 will be shown in a subsequent issue.
There has been no change in data beginning with August 1937. Prices are quoted per ton, in 100-lb. bags, and have been converted to price per bag.
S-23
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the October
1942 Supplement to the Survey
1941
October
1942
Novem- December
ber
January
February
March
April
May
June
July
SepAugust tember
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Cottonseed cake and meal:
Production...
short tons.. 330,025
Stocks at mills, end of month
.do
134,136
Cottonseed oil, crude:
Production
thous. oflb.. 232,888
Stocks, end of month..
do
133, 726
Cottonseed oil, refined:
Consumption, factory
do
135, 377
In oleomargarine
do
Price, wholesale, summer, yellow, prime
(N. Y.)
dol. per Re.137
production
thous. of lb_. 169,490
Stocks, end of month
do
201,427
Flaxseed:
Duluth:
Receipts
thous. of bu._
2,646
2,398
Shipments
do
2,304
Stocks
do
Minneapolis:
5,564
Receipts
--do
554
Shipments
do
2,780
Stocks
do
Oil mills:
4,445
Consumption
_
do
Stocks, end of month
do
11, 938
Price, wholesale, No. 1 (Mpls.)-.doi. per bu_.
2.46
Production (crop estimate)
thous. of bu.. 3 42, 682
Linseed cake and meal:
Shipments from Minneapolis
thous. of lb_. 47, 240
Linseed oil:
Consumption, factory...
do
44,383
Price, wholesale (N. Y.)
..dol. perlb..
.134
Production
thous. of lb__ 84, 785
Shipments from Minneapolis
do
24.850
Stocks at factory, end of month
do
273; 101
Soybeans:
6,893
Consumption.
thous. of bu_.
Price, wholesale, No. 2, yellow (Chicago)
dol. perbu..
()
Production (crop estimate)
thous. of bu_. 3 209,953
Stocks, end of month
do
25, 213
Soybean oil:
Consumption, refined-.
thous. oflb.. 60,246
Price, wholesale, refined, domestic (N. Y.)
dol. perlb..
.138
Production:
Crude
thous. of lb_. 64, 451
55,435
Refined.
do
Stocks, end of month:
Crude.
do.... 51, 364
51, 234
Refined
do
Oleomargarine:
Consumption (tax-paid withdrawals)...do....
Price, wholesale, standard, uncolored (Chicago)
dol. per lb_.
.150
Production
thous. oflb..
Shortenings and compounds:
Production
thous. of lb_. 130, 336
41,142
Stocks, end of month
do
Vegetable price, wholesale, tierces (Chicago)
.165
dol. perlb.
294,257
293,161
255, 608 222, 533
356,670 380,366
206, 817 176,833
370,564 372,208
139, 742 97,180
338,711 311,403
146.676 128,843
181, 533 170,913
101, 526 72,671
137,975 105,714
47,058
27,534
51,291
20,996
34,167
28, 233 161,748
27,907 90.. 601
292,882
13,837
11,883
10,235
232,482
10,352
90,054
10,400
99, 522 129, 952
11,312
13,487
.139
.140
130,622 127,442
351,683 389,010
.140
100,548
402,540
.141
.138
71, 502 52,807
394, 580 369,745
.140
36,661
310,433
.139
.136
32,942 80, 512
230, 569 199, 396
62, 361 38,269
286,844 250,715
209,037 178,276
134, 735 159,259
154,450
169,998
13,708
14,650
287,061
14,129
14,427
.129
146,677
209,223
.124
142,251
273,448
.131
136,112
314,330
.137
119,457
322,972
1,000
481
1,937
192
438
1,691
180
467
1,404
17
36
1.386
249
1,067
5
46
1,026
4
105
925
56
455
527
129
233
423
1,777
120
4,714
742
67
4,443
662
101
3,897
1,292
311
3.430
704
141
3,105
708
154
2,634
490
144
2,120
585
90
1,078
633
130
826
1.87
1.84
113,065
1 12, 557
2.00
531,485
2.23
2.33
113,425
18,477
2.60
2.62
2.58
37,400
34,360
53,760
51,840
31,384
192,910
.108
"21," 350"
.101
"is," 756'
146,147
.108
251,723
17,950
198,579
14,738
37,640
""7113
""."119
22,000
22,250
1.83
1.95
U9,232
1.58
1.60
1.67
106,712
> 10,431
.121
.126
.141
.141
3^ 600
!0," 666"
2,438
750
2,066
447
164
468
5,438
483
835
5,678
465
2,734
»12,526
13,965
2.54
3,981
4,197
2.46
3,899
5,467
2.40
3, 778
10, 347
2.43
23,440
31,440
34, 200
54,640
151,183
.139
241,015
22,100
225,615
6,218
1.72
1.71
1.71
111,624
10,244
5,931
1,120
123,400
42, 629
58,478
63,940
.135
.135
.135
.137
1.72
118,285
.135
.135
44,407 46, 726
.137
.134
.136
76, 782 76, 308 72,023
27,900
21,850 22, 750
211,087 230, 252 242,879
6,595
118,497
1.86
119,907
.132
224,921
146, 533
517
236
379
120, 500
»98,205
.125
25,840
34,400
153,620
.133
258,720
22,400
235,897
40,845
133,495
.135
.135
6,081
177,217
108,850
1188,805
' 151,998
1167,945
' 147,269
59,843
48,061
57,413
62,407
55, 389
60,879
168,450
Ul846
186,231
156,639
178, 719
176,098
78, 350
73,099
68,896
67, 761
52,456
55,134
33,932
32,147
33,754
35,848
31,767
29,721
26,759
23,079
23,081
22,535
24, 379
29, 537
.140
34,060
.140
32,503
.145
.154
35,071
.153
32,541
.150
30,768
.150
28,641
.150
27, 600
.150
27,130
.150
29, 383
.150
38,495
.150
39, 604
1246,304
13,208
95,477
56,823
125,918
50,953
158,107
43, 583
.170
.165
.165
.165
.165
1329,867
160, 790
1315,707
53,351
.156
.153
.156
.164
.165
.165
171
161
40
217
47
190
46
172
36
162
43
161
51
193
49
173
32
103
29
117
36
147
33
253
471
210
278
175
496
185
428
196
323
183
412
261
466
260
594
517
235
406
196
410
51,138
46,178
21,454
24, 724
4,960
41,368
37, 531
18,727
18,804
3,837
41,708
37,861
19,200
18,661
3,848
47,044
42,032
19,190
22,842
5,012
45,176
39,745
17,619
22,126
5,431
48, 070
42,617
50,530
44,849
19,009
25,840
5,681
49,204
44,141
18,140
26,000
5,064
43,982
39, 513
17,082
22,430
4,469
42,221
37, 987
17,173
20,813
4,234
219
385
41,106
36, 935
16, 748
20,187
4,170
PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
thous. of dol.
Plastic paints
do
Cold-water paints:
In dry form
_do.__
In paste form, for interior use
do...
Paint, varnish, lacquer, and fillers:
Total
declassified, total
.do...
Industrial
do...
Trade.
_do...
Unclassified
.do...
23,719
5,453
43,028
37, 782
17, 243
20, 540
5,246
ELECTRIC POWER AND GAS
ELECTRIC POWER
16,739
Production, total
mil. of kw.-hr
14,102
14,588
16,262 ' 16,114
14,491
15,651
15,646
15,053
15,246
14,991
15,182 16,005
By source:
11,240
8,979
9,664
11,041
10,402 11,156
9,438
10,877
10,946 ' 10,895
Fuel
do
11,050
9,632
9,831
5,609
5,499
4,205
5,315 ' 5, 219
4,089
4,495
4,595
4,438
5,128
Water power
_
do
5,615
5,360
5,352
By type of producer:
Privately and municipally owned electric
12,949
14,224
14,110
12,612
13,322
13,804
utilities
mil. of kw.-hr.. 14,282
04,047
13,687
13,056
14,047
13,326
13,394
2,457
1,639
1,491
2,214 ' 2, 310
Other producers
_
do
1,559
1,427
1,435
1,536
1,731
1,665
1,788
1,958
• Revised.
1 Quarterly data. Data compiled monthly beginning July 1942.
3 December 1 estimate.
3
November 1 estimate.
< Superseded effective October 1942, by regulated price paid by crushers under Government program, operated by Commercial Credit Corporation. The October price
was $1.60.
S-24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the October
1942 Supplement to the Survey
October
1941
Novem- December
ber
December 1942
1942
January
February
March
April
May
June
July
SepAugust tember
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER—Continued
Sales to ultimate customers, total (Edison
Electric Institute)...
mil. of kw.-hr..
Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power
do
Large light and power...
do
Street and highway lighting
.do
Other public authorities
do
Railways and railroads
do
Interdepartmental
do
Revenue from sales to ultimate customers
(Edison Electric Institute)
thous. of dol_.
GAS
Manufactured gas:
Customers, total
thousands..
Domestic
_
do
Bouse 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 gas:
Customer^, total
thousandsDomestic
do
Industrial and commercial
do
Sales to consumers, total
mil. of eu. ft..
Domestic.
do
Ind'l., com'l., and elec. generation...do
Revenue from sales to consumers, total
thous. of dol__
Domestic
do
Ind'l., com'l., and elec. generation...do
12, 380
2,092
226
12,308
2, 266
170
12,768
2,393
148
13,242
2,673
145
12, 572
2,405
156
12, 558
2,244
168
12, 536
2,139
206
12,487
2,047
216
12, 670
2,025
270
13,166
2,053
335
13, 650
2,104
386
13,712
2,157
355
2.100
6,951
193
275
501
42
2,163
6,672
206
281
503
47
2,189
6,882
224
301
569
63
2,450
6,777
217
307
597
76
2,303
6,590
187
306
550
74
2,199
6,828
181
306
560
72
2,156
6,988
158
294
525
2,124
7,074
143
2,160
7, 205
132
302
520
509
66
2,247
7,482
137
322
522
2,328
7,727
151
365
522
66
2,322
7,735
157
373
523
228, 884
234,153
239,611
250, 526
237,957
230, 766
227,610
225,602
227,057
232,460
238, 059
240, 253
10,417
9,617
333
456
31,845
17,462
2,402
11, 747
10,428
9,618
351
450
35, 724
15,879
7,491
12,086
10,474
9,646
367
451
39,892
16,200
10, 752
12,618
10,434
9,616
344
465
43, 705
18,268
12,294
12, 796
10, 482
9,651
42, 357
17,672
11,917
12, 425
10,454
9,626
343
471
41, 296
17, 629
10,224
13,129
10,463
9,621
359
470
38,161
16,875
7,722
13, 280
10, 544
9,694
372
466
34, 873
16, 534
5,296
12, 794
10, 542
9,706
359
466
31,983
17,125
2,604
12,035
10,608
9, 785
344
467
30, 383
16,475
1,719
11,919
10,656
9,830
348
466
29, 608
15, 954
1,344
12,105
31,854
22, 712
1,941
7,063
33,692
21,908
4,248
7,373
36,107
22,042
6,191
7,693
38,680
23,016
7,728
7,739
37, 759
21,924
7,960
7,684
36, 526
21, 663
6,937
7,734
34,286
21, 574
4,881
7,649
33,143
22,407
3,083
7,506
31,245
22, 210
1,918
6,996
30, 202
21,740
1,332
7,007
29, 656
21, 375
1,119
7,023
8,012
7,444
565
127,179
22,400
102,073
8,174
7,554
617
143,343
36,976
103,639
8,215
7,585
628
160,937
50,694
107,125
8,171
7,554
614
178,028
67,790
107, 521
8,183
7,572
609
174,389
62,485
108, 679
8.230
7,610
618
171,979
61,451
107, 491
8,272
7,656
613
152,971
46,305
105, 232
8,286
7,676
607
133,665
33,400
97,756
8,192
7,615
575
120,783
23,898
94,151
8,242
7,664
574
119, 940
20,180
97, 251
8,231
7, 667
562 i
118,136
18, 485
96, 742
36, 739
16,883
19,528
46,461
24,655
21,433
56,124
32,242
23,448
67,665
42,000
25,241
63,760
38,433
24,816
61, 848
37, 312
21.901
52, 552
30,084
22, 253
43, 738
23,243
20,135
36,893
18, 018
18, 525
34, 909
15, 708
18, 760
33, 754
14, 683
18,695
359
463
294
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
4,432
5,770 '5,058
3,842
4,438
Production...
„ thous. of bbl.
4,421
5,154
5,728
6,142
6,984
6,803
6, 587
6,145
5,626 '4,989
4.074
3,970
4,521
3,763
Tax-paid withdrawals
do
4, 577
5,030
5,978
6,814
6,864
6,208
5,786
8,483 '8,202
Stocks, end of month
do
7,783
7,672
7,446
8,491
8,148
8,950
8,651
8,593
8,953
8,487
Distilled spirits:
Apparent consumption for beverage purposes
thous. of wine gal._
10,741
13,931
16,940
15,593
13,861
13,749
12,984
12,762
12, 891 15, 829 16,611
7,528 30,667 20,768
18,535
18,778
12, 903 10, 571
Production^.
thous. of tax gal_
9,716
6, 526
7,968
6,893
7, 378
8,137
9, 233
16, 596 ' 10, 504 11,108
8,586
11,312
9,413
Tax-paid withdrawals
do
9,641
15,129
12, 801 15,380
9,215
9,283
Stocks, end of months
do___ 507, 226 555,462 558, 967 567, 403 574,937 577,140 542, 884 543, 512 543, 094 541,188 537, 737 529,089 521, 243
Whisky:
1,797 '13,796
13,088
11,486
11,828
13,632
Production.
_
do...
10,020
9,058
4,945
6,586
6,970
7,039
5, 744
6,832
6,519
8,143
6,417
7,602
Tax-paid withdrawals
do... 11, 439
6,631
10, 068
5,968
6,326
10,144
7,501
8,585
Stocks, end of months
do___ 487, 550 503,976 505, 557 511. 211 516, 456 519, 790 520, 765 521, 503 521, 033 519, 197 515,847 507, 493 500,147
Rectified spirits and wines, production, total
7, 952 '6,332
6,249
5,943
6,006
thous. of proof gal_.
4,583
6,451
4,621
4,625
4,420
6,199
7, 755
7,548
6,926 ' 5,169
Whisky
.do...
5,040
4,627
3,772
3,902
5,627
3,907
3,756
5,499
6,652
6,753
4,881
Still wines:
1,846
54,135
2,510
1, 843
Production..
thous. of wine gal..
11,851
130,886
1,308
1,063
551
3,542
3,940
19, 225
8,832
8,079
8,860
9,446
10,633
Tax-paid withdrawals
do
8,546
8,123
7,026
7,532
7,916
8, 416 10, 747
Stocks, end of month
do
183,015 193, 275 183, 560 176. 627 167, 079 158, 041 150, 023 142, 528 133, 213 124, 765 116,168 113,962
Sparkling wines:
93
111
114
78
74
Production
do
118
155
119
114
44
55
58
44
36
137
150
29
Tax-paid withdrawals. _„
do
124
32
33
44
54
69
93
1742
1719
664
730
Stocks, end of month
do
^748
1895
1978
11, 050
1,037
1,019
979
DAIRY PRODUCTS
Butter, creamery:
.47
.35
.35
Price, wholesale, 92-score (N. Y.)_dol. per lb._
.35
.35
.36
.38
.37
Production (factory) f
thous. of lb _. 126, 265 113, 530 112, 461 116, 659 119, 825 118, 020 135, 920 149, 585 203, 360 203, 860
63, 701 45, 045 37, 228 64, 720 117, 111
Stocks, cold storage, end of month
do
87,037 186,635 152, 484 114, 436 83,106
Cheese:
Price, wholesale, American Cheddars (Wis.271
.232
.232
.222
.232
consin)
dol. per lb._
.232
.202
.202
.208
.202
Production, total (factory)t
thous. of lb_. 75, 300 83,607 71,426 74,422 69,850 72,105 88, 770 103,030 136,280 131,100
58,800
56, 334 58,744 62,350 62, 505 77,215 88,810 117,085 110,430
American whole milkf
do
194,997 188, 727 189,002 201, 613 165,018 160,073 188, 333 203,901 222, 637 261,935
Stocks, cold storage, end of month
do
169,662 157,468 158,238 171,869 137,276 133,140 163, 939 178,473 195.537 228, 478
American whole milk
do
Condensed and evaporated milk:
Prices, wholesale, U. S. average:
5.83
5.64
5.64
5.64
Condensed (sweetened)
dol. per case..
5.64
5.64
5.33
5.65
5.65
5.65
3.75
3.64
Evapqrated (unsweetened)
do
3.67
3.67
3.67
3.67
3.62
3.52
3.55
3.49
Production, case goods:t
8,726
3,187
Condensed (sweetened)
thous. of lb._ 7,364 10, 372
4,270
6,922
6,105
5,518
5,051
6,782
208,445 281, 683 259, 758
313, 517 300, 003 339, 522 358, 443 449, 330 402, 584
Evaporated (unsweetened)
do
r
Revised.
1
Owing to a printing error thefigureswere shown in the wrong column in the November 1942 Survey.
f Not including high-proof spirits produced at registered distilleries beginning March 1942.
t For revised 1941 data on production for indicated series on dairy products see note marked "t" on p. S24 of the November 1942 Survey.
.38
.41
.44
188,665 169, 620 140,130
148, 504 152,198 123,599
.205
.210
115,385 104, 008
97,005
87, 225
296, 763 279, 905
261, 535 243, 596
5.65
3.49
5.65
3.50
.217
86,100
70, 675
259,078
224,861
5.83
3.66
9,832
8,970
8,589
326, 332 277, 969 226, 695
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
S-25
SUEVEY OF CURRENT BUSINESS
December 1942
1942
October
1941
October
Novem- December
ber
1943
January
February
March
April
May
June
July
August
September
FOODSTUFFS AND TOBACCO—Continued
DAIEY PRODUCTS—Continued.
Condensed and evaporated milk—Continued.
Stocks, manufacturers', case goods, end of mo:
4,124
2,445
5,412
11,246
12,024
9,000
6,469
8,292
Condensed (sweetened)
thous. of lb..
6,223
11,906
8,178
6,733
7,445
97, 706 382,605 417, 643 328, 475 252, 532 218, 410 213,550 222,485 294, 579 330,810 292,911 211,001 136,985
E vaporated (unsweetened)
do
Fluid milk:
2.73
2.82
Price, dealers', standard grade-dol. per 100 lb_.
2.85
2.60
2.74
2.76
2.75
2.66
2.70
2.75
2.75
2.75
2.75
Production
...mil. of lb
8,944
9,525
8,466
10, 788
8,288
9,626
8,200
10,290
12,136
11, 780
8,726
12,570
Utilization in manufactured dairy products!
mil. of lb.3,932
4,319
4,007
3,934
4,589
4,367
3,694
3,876
5,036
5,280
6,694
6,546
Dry skim milk:
Price, wholesale, for human consumption,
.119
.131
.131
.131
U. S. average
dol. per lb__
.133
.124
.128
.128
.129
.127
.127
.126
.126
29,169
40,000
41,800
26, 305
31,253
54,000
44,000
61,400
Production, total f
thous. of l b . . 36,000
55,100
61,000
78,100
79,600
25, 239
35,800
37,164
22,805
27,525
48, 470
For human consumption f
do
55, 780
40,600
34,000
56,300
51, 400
70, 500
74,200
Stocks, manufacturers', end of month, total
22,931
28,789
38, 482
thous. of lb._ 19,063 21,470
18, 732
20,156
32,017
41,160
47,459
48,597
60,595
61,604
21,068
For human consumption.. _
_._do
19,427
26,102
34,988
16, 795
18, 565
36, 331
42,378
42, 822
54,305
28,084
54,855
16,847
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu.. 2127, 538
»126,059
3,951
724
3,704
Shipments, carlot-_
no. of carloads.. 11,034
5,267
6,322
11,073
4,001
4.974
3,315
696
1,840
783
20,162
14,238
Stocks, cold storage, end of mo..thous. of bu_. 31,670
31,321
8,207
31,181
25, 732
0 r 11, 105
3.521
1,259
0
0
20, 831
Citrus fruits, carlot shipments.__no. of carloads- 11,476
10,460
14,313
9,701
18, 052
20, 329
17, 051
19,592
19,312
8,758
12,140
Frozen fruits, stocks, cold storage, end of month
15, 894
119,982
thous. of lb__ 219,387 199, 822 186,714
207,767
177,948 157,973 142,192
101, 810 106,538 129,334 186,003
225,104
Frozen vegetables, stocks, cold storage, end of
61,781
month
thous. of lb_. 114,813 98,839 100,440
102,186
73, 245
92,929
82,638
53,416
117,796
49,548
88,248
Potatoes, white:
65,358
1.944
1,950
1.920
Price, wholesale (N. Y.)
dol. per 1001b..
2.163
2.330
2,150
2.044
1.894
2.131
1. 615
2.581
2.919
Production (crop estimate)... -thous. of bu._ a 379, 624
1357,783
2.883
21,738
16, 556
14,928
Shipments, carlot-no. of carloads,.
21,989
19,827
14,016
11, 294
14,162
21,016
24,473
22, 564
GRAINS AND GRAIN PRODUCTS
Barley:
Prices, wholesale (Minneapolis):
.76
.55
.76
.73
.70
No. 3, straight
dol. per bu_.
.61
.65
.71
.64
.92
No. 2, malting
do..
.69
.82
.88
.86
.77
.87
.87
.82
Production (crop estimate)
thous. of bu._ • 426,188
'358,709
6,064
Receipts, principal markets.
do
14,963
9,116
8,827
7,220
5,770
15, 566
4,813
4,118
12,190
13,239
18,872
6,916
4,541
Stocks, commercial, end of month
do . . . 11,887
9,681
9,656
8,324
9,632
5,514
3,015
8,739
6,344
10,002
3,600
7, 757
Corn:
10, 205
9,256
Grindings, wet process
_
do
11,072
10,118
9 732
10, 528
9,717
9,969
8,579
8,653
10,039
10,948
9,768
Prices, wholesale:
.85
.70
No. 3, yellow (Chicago)..
dol. perbu .
.82
.82
.77
.82
.84
.76
.84
.71
.82
.85
.98
No. 3, white (Chicago)..!
.do
.90
.97
.75
.83
1.04
.96
1.06
1.02
1.00
.97
.96
.78
.84
.72
Weighted avg., 5 markets, all grades do
.78
.67
.86
.77
.78
.85
.85
.84
.81
Production (crop estimate)
thous of bu.._ '3.185,141
'2,672,541
25,755
24,041
29,494
24, 098
Receipts, principal markets
d o . . 27,835
30,357
24,354
28,107
23, 578
22,183
20,126
30,570
22,448
Stocks, domestic, end of month:
64,408
59,884
50, 311
60,973
40,135
Commercial
do._ 40,112
47,946
51, 774
38, 641
43, 697
39, 835
63,363
57,012
1,286,720
2,012,138
On farms
do_.
3 423,597
760,052
Oats:
Price, wholesale, No. 3, white (Chicago)
.55
.58
.56
.54
.44
dol. per bu__
.53
.47
.48
.49
.49
.55
.49
Production (crop estimate)
thous. of bu_. 1,369,540
1,176,107
5,813
8,519
5,670
5,253
Receipts, principal markets
d o . . 13,125 "~6,~720~
6,642
7,947
7,052
16,918
5,614
17,414
3,671
Stocks, domestic, end of month:
3,776
8,625
7,483
5,893
9,473
2,191
Commercial
d o . . 12,106
5,132
11,562
10,123
11,030
4,642
2,109
430, 565
On farms
do_.
749,417
1,141,411
a 191, 688
Rice:
Price, wholesale, head, clean (New Orleans)
.073
.064
.068
.068
.070
dol. per l b . .
.043
.062
.049
.070
.067
.069
.070
i 54,028
Production (crop estimate)
thous. of b u . . 2 70,086
California:
Receipts, domestic, rough...bags (1001b.)_. 344,062 263, 460 316,495 378, 554 465,182 229, 404 278.245 499,885 422,998 469,837 194, 148 40, 293
493
97,631 162,316 420,205 195,996 392,090 166, 373
Shipments from mills, milled rice
do
69,944
71, 770 131,856 290,089 260,941 137, 749
36,666
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo .bags (100 lb.)__ 247,027 354,827 247, 542 210, 534 343,001 374, 565 364,795 242,690 290,831 187, 381
107, 281
70,919
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
70
664
14
1,342
2,191
1,231
thous. of bbl. (1621b.)..
2,902
2,113
298
2,321
1,295
198
105
Shipments from mills, milled rice
471
1,323
thous. of pockets (100 lb.)..
1,764
1,766
1,397
1,785
187
253
781
1,425
1,278
253
1,256
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
439
109
1,885
2,598
thous. of pockets (100 lb.)..
3,007
158
677
1,908
2,508
2,627
282
844
Rye:
.61
.75
Price, wholesale, No. 2 (Mpls.)-.dol. per bu_.
.78
.60
.59
.65
.64
.59
.72
Production (crop estimate)
thous. of bu_. 2 59,665
» 45,191
1,133
1,091
1,269
2,115
1,913
Receipts, principal markets
do
3,846
2,603 " 2 , 1 5 0
2,475
2,508
2,393
861
566
17, 240
17, 2J2
19, 295
17, 551
16,785
17,029
Stocks, commercial, end of month
do
17,504
17, 474
17, 288
17,034
18,477
17,333
17,645
Wheat:
185,815
Disappearance, domestic
do
179,227
237, 305
169,181
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
1.20
1.14
1.14
1.24
dol. per bu__
1.25
1.19
1.19
1.14
1.28
1.19
1.13
1.10
1.23
1.20
1.30
1.19
1.22
1.21
1.34
1.31
No. 2, Red Winter (St. Louis)
.do....
1.38
1.17
1.13
1.27
1.26
1.33
1.15
1.21
1.15
1.26
No. 2, Hard Winter (K. C.)
do....
1.21
1.11
1.08
1.23
1.12
1.20
1.13
1.11
1.20
1.16
1.14
1.20
1.19
Weighted av., 6 markets, all grades..do
1.02
1.15
1.15
1.21
1.11
1.10
1.06
1.11
1.18
Production (crop est.), total
thous. of b u . . 2 984,046
'945,937
1274,644
2 286,338
Spring wheat
do
1671,293
2 697,708
Winter wheat
do
r
Revised. * December 1 estimate. 2 November 1 estimate. 3 Includes old crop only.
t Data for the utilization of fluid milk in manufactured dairy products have been revised beginning 1920 to include the milk equivalent of dry whole milk; revisions are
ninor throughout. For revised 1941 data for production of dry skim milk see note marked "f" on p. S-25 of the November 1942 Survey.
S-26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
1941
1943
October
December 1942
October
Novem- Decem*
ber
ber
January
February
March
April
May
June
July
23,416
61,645
August
September
FOODSTUFFS AND TOBACCO—Continued
GRAINS, ETC.-Continued
Wheat—Continued.
17,803
Receipts, principal markets
thous. of bu.. 45,416 31,498 18,507 22,530 19,665
Stocks, end of month:
Canada (Canadian wheat)
do
425,614 476.307 473,995 471,492 465,608 458,692
987,607
United States, total j .
do.—
Commercial
do
268,~658 280"588" 276,260 270,835 2587570" 249,*89i"
207,351
Country mills and elevators
do
135,601
Merchant mills
do
373,820
On farms
do
Wheat flour:
43,611
44,251
Grindings of wheat
do
38,621
37,560 42,403
Prices, wholesale:
6.30
6.48
6.33
5.75
5.88
Standard patents (Mpls.)
dol. per bbl._
6.04
5.74
5.86
5.44
5.48
Winter, straights (Kansas City)
do
5.60
5.74
Production (Census):
9,283
9,532
8,479
9,693
8,216
Flour, actual...
thous. of bbl..
61.8
63.5
63.8
62.2
59.6
Operations, percent of capacity
766,313 650,110 732, 746 756,199 663, 743
Offal
thous. of lb-.
Stocks held by mills, end of month
3,961
thous. of bbl. .
17,457
12,669
17,354
446,983 420,880 398,177
801,792
237,777 229,~407" 22i,~896"
171,432
122,461
270,122
38, 951
53, 694
384,746 390, 572 378, 091
632,611
224,441 261,422 266,149
141,789
96,837
159, 544
386.956
1,321,665
269, 290
255,945
151,927
644, 503
38,194
36,878
36,141
37,842
41,465
40, 920
44, 563
6.17
5.63
5.95
5.40
5.84
5.26
5.51
5.09
5.60
5.01
5.73
5.13
5.95
5.45
8,378
55.7
657,985
8,058
53.6
641,182
7,903
54.6
628,939
8,279
55.0
656,814
9,075
60.4
718,093
4,002
9,793
8,968
67.9
59.6
705, 516 765,128
3,838
3,619
LIVESTOCK
Cattle and calves:
Receipts, principal markets
thous. of animals. .
Shipments, feeder, to 7 corn belt States
thous. of animals-.
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 l b . .
Steers, stocker and feeder (Kan. City).do
Calves, vealers (Chicago)
do
Hogs:
Receipts principal markets.thous. of animals..
Prices:
Wholesale, average, all grades (Chicago)
dol. per 1001b. .
Hog-corn ratio
bu. of corn per cwt. of live hogs..
Sheep and lambs:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 7 corn belt States.do
Prices, wholesale:
Lambs, average (Chicago)..dol. per 100 lb._
Lambs, feeder, good and choice (Omaha)
dol. per 100 l b -
2,454
2,022
1,964
405
274
189
1,467
1,741
1,815
1,684
1,953
1,831
61
84
126
91
80
74
173
15.21
11.83
13. 50
11.55
9.53
13.38
11.40
9.34
12.00
12.57
10.46
12.60
294
12.60
10.57
14.09
12.39
10.69
13.50
12.59
11.47
13.80
13.26
11.93
13.13
13.22
12.00
13.50
13.11
11.83
13.00
13.63
11.09
13.13
14.87
12.05
13.70
14.84
11.64
14.00
2,687
2,542
2,832
3,639
3,704
2,463
2,694
2,638
2,630
2,452
2,187
2,529
14.98
10.41
18.2
15.5
10.16
10.65
11.36
12.58
13.37
14.18
14.07
14.19
14.25
14.37
14.45
15.2
15.3
14.5
15.2
15.7
16.9
16.3
16.3
16.6
16.9
16.4
3,741
976
2,833
956
1,818
219
1,719
122
1,791
116
1,535
82
1,866
87
1,866
118
1,855
163
1,832
105
2,138
135
2,772
3,657
720
14.30
12.20
11.66
11.27
12.06
12.34
12.03
12.00
12.78
14.64
14.75
14.18
10.88
10.34
11.25
11.35
10.92
10.92
11.24
11.76
1,532
518
72
1,418
1,435
649
64
1,245
1,394
720
73
1,477
1,684
903
105
1,503
1,728
1,097
123
1,213
1,271
1,097
116
1,282
1,345
113
1,338
1,376
941
108
1,328
1,374
893
110
635,550
524,974
574,166
617,671
518.851
560,617
598,990
562, 214 632,756
606, 544 614, 900 634, 822
116,141
.173
642,731
89,793
.173
535,884
114,330
.191
575,794
135,478
605,041
142,599
.196
513,157
150,410
.200
545,801
147,514
.213
.210
.214
566,213 530, 200 609,840
81,556
126,884 99,075
.210
.209
.209
606, 516 613,620 641, 531
' 95,146
82, 647
90, 733
17, 722
66,453
67, 206
4,783
55, 572
57, 244
6,432
64,239
65,816
7,936
68, 451
68, 781
8,228
61,813
61, 701
8,122
73,311
73,422
8,180
2,995
1,789
12.52
2,605
387
14.60
12.94
14.16
12.89
MEATS
Total meats (including lard):
Consumption, apparent...
mil. of lb
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb..
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
Production (inspected slaughter)
do
Pork:
Prices, wholesale (Chicago):
Hams, smoked
dol. per lb
Fresh loins, 8-10 lb. average
do-.
Production (inspected slaughter).thous. of lb_.
Stocks, cold storage, end of month
do
Lard:
Consumption, apparent
do
Prices, wholesale:
Prime, contract, in tierces (N. Y.)
dol. per lb.
Refined (Chicago)
do
Production (inspected slaughter) thous. of lb.
Stocks, cold storage, end of month
do
.210
686,028
716,262
755, 565 725,158
1,406
1,449
••519
58, 964
58,899
5,313
664, 354 838,113 816, 538 632, 393 648,483
800,819 1,042,675 1,053,759 696,100 725, 29o 741,802
702,864
782,338
755,213
861,804
.315
.262
544,368
590,416
.321
.288
567,754
572,799
.300
.291
597,129
559,849
.303
. 325
.295
.295
.310
.298
.294
.293
654, 697 582,774 496, 360 557, 953
522,173 433, 547 336, 634 270, 287
72,194
103, 281
86,333
85,093
.106
.104
.127
.120
141, 579 190,337
176,465 186,511
.126
.112
.121
.126
. 125
.143
.130
.136
.144
. 138
203,306 128, 465 132,114 126,877 135,081
209, 470 206,565 182,004: 126, 284 117,995
151,017
102,260
.191
.167
77, 720 84, 224
172,913 218,392
.224
27,302
206,120
.299
.303
.206
.240
775,656 520,156
613, 659 616,604
144,963
POULTRY AND EGGS
Poultry:
Price, wholesale, live fowls (Chicago)
.210
dol. per lb.
.179
Receipts, 5 markets
thous. of lb.
58, 910 49, 351
Stocks, cold storage, end of month
do_.. 161, 208 127,981
Eggs:
Price, wholesale, fresh firsts (Chicago)
dol. per doz.
.307
.397
2,712
Production
millions2,470
Stocks, cold storage, end of month:
Shell__
..thous. of cases.
3,098
3,85'
Frozen
_
thous. of lb. 180, 811 153,843
T
Revised.
° No quotation.
^June figures include only old wheat; new wheat not reported in
1,325
1,329
607
62,497
61,158
5,711
.272
.271
.265
.199
.238
.214
550, 411 606, 814 782, 070
313, 268 350,270
.104
.136
.121
.142
119, 978 127,469
56, 235 177,426
1,403
1,447
729
109
69,433
68, 331
7,108
111,420
.325
.311
590,541
254,964
1,04I3
1,447
1,531
823
112
99,961
138, 011
.361
2,156
.341
2,612
.333
3,371
1,670
129,533
549
95,538
331
76, 293
92, 053
.127
66, 734
66. 916
5,487
729, 544
773,247 642, 82/
86,356
73,
.230
23,123
96, 716
.218
29,762
80,242
.206
32,493
79,200
.209
34,435
79,346
.282
5,489
.293
5,992
.301
5,769
.304
4,731
.321
4,092
1,798
107,397
stock figures until crop year begins in July.
7,935
6,945
4,638
159, 585 223, 831 278,499
82,097
687, 628
720, 437
87,170
.129
.129
.128
.139
.139
.139
139,042 106, 660 r118,236
98, 349 85, 274 62,143
.235
20, 509
139, 677
.286
,836
70, 790 83, 407
72, 821 86, 982
7,602 r 11, 260
.224
.230
37, 307 46, 666
86, 645 ' 115, 505
.342
3,534
.355
3.013
6, 751
290, 529 272, 042 234. 876
S-27
SUEVEY OF CUERENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
Octoto the sources of the data, may be found in the
ber
1942 Supplement to the Survey
October
1941
Novem- Decem- January Februber
ary
ber
1942
March
April
May
June
July
August Septem
ber
FOODSTUFFS AND TOBACCO—Continued
TROPICAL PRODUCTS
Cocoa, price, spot, Accra (N. Y.)-d*ol. per lb....
Coflee:
Clearances from Brazil, total__thous. of bags..
To United States
do....
Price, wholesale, Santos, No. 4 (N. Y.)
dol. perlb..
Visible supply, United States.thous. of bags..
Sugar, United States:
Raw sugar:
Price, wholesale, 96° centrifugal (N. Y.)
dol. perlb_.
Refined sugar, granulated:
Price, retail (N. Y.)
do
Price, wholesale (N. Y.)
do..-.
MISCELLANEOUS FOOD PRODUCTS
Candy sales by manufacturers thous. of dol,.
Fish:
Landings,fresh fish, prin. ports.-thous. of lb..
Stocks, cold storage, 15th of month
do
Gelatin, edible:
Monthly report for 7 companies:
Production
do
Shipments
do....
Stocks
do....
Quarterly report for 11 companies:
Production
do
Stocks
do...
TOBACCO
Leaf:
Production (crop estimate)
mil. of lb.
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb.
Domestic:
Cigar leaf
do...
Fire-cured and dark air-cured
do...
Flue-cured and light air-cured. do...
Miscellaneous domestic
do...
Foreign grown:
Cigar leaf
do__.
Cigarette tobacco
do__.
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions. _
Large cigars
thousands.
Mfd. tobacco and snuff
-thous. of lb.
Prices, wholesale (list price, composite):
Cigarettes, f.o.b. destination..dol. per 1,000.
Cigars, delivered
_do-_.
Production, manufactured tobacco:
Total
thous. of lb..
Fine-cut chewing. _
do.
Plug..
_
do.
Scrap chewing
do.
Smoking,.
do
Snuff
do.
Twist
do.
0.0890
0.0820
0.0878
0. 0935
0. 0950
0.0892
0.0890
0.0890
646
508
706
624
882
768
1,008
970
1,073
1,001
766
665
680
609
1,006
842
.134
387
.132
1,580
.131
1,393
.133
1,327
.134
1,471
.134
1,102
.134
850
.134
852
.037
.035
.035
.035
.037
.037
.037
.037
.037
.037
.037
.037
.037
.068
.055
.059
.052
.059
.052
.060
.052
.064
.053
.066
.053
.066
.053
.066
.055
.065
.055
.066
.055
.066
.055
.066
.055
.068
.055
35,665
33, 336
32,003
31, 043
27,007
27, 277
28, 914
27,179
22,830
19,177
20,136
23,962
29, 234
113,566
49,521
107,574
42,215
115,432
29,522
117,805
16,355
99,979
13,853
82,677
39,153
62,160
42,493
49,079
48,879
55,036
49,195
63,411
48,887
81,496
49,307
100,088
40,021
109, 428
2,129
2,050
2,666
2,155
2,303
3,220
2,271
2,060
3,431
2,081
2,121
3,392
2,245
2,094
3,542
2,102
2,126
3,518
2,269
2,147
3,640
2,164
2,162
3,642
2,116
1,940
3,819
1,860
2,151
3,528
1,962
2,292
3,198
1,715
2,130
2,783
1,712
1,907
2,588
8,314
5,026
0.0890
773
635.
.134
825
0.0890
0.0890
453
348
560
418
136
519
366
.134
1,079
.134
973
.134
795
.134
539
8,035
4,782
6,861
3,301
3,492
3,510
"3,177
3,252
340
251
2,784
4
2 1,436
8,549
5,139
437
303
2,663
4
'426
280
' 2,366
4
240
2,520
3
» 1,261
25
84
21
81
23,075
633,350
30,956
19,632
621,990
32,179
5.760
5.760
46.056
5.760
46.056
5.760
46.056
5.760
46.056
5.760
46.190
5.760
46.592
5.760
46.592
5.760
46.592
5.760
46.592
5.760
46. 592
5.760
46.592
32,712
467
4,710
4,016
19,341
3,665
514
27,570
396
3,810
3,279
16,631
3,023
430
25,521
415
27,365
415
4,045
3,673
14,990
3,763
479
25,072
358
3,697
3,411
13,854
3,265
28,656
411
4,445
4.117
15,240
3,916
528
27,745
398
4,347
3,913
14, 782
3,827
478
25,950
420
4,297
3,768
13,705
3,302
459
28,207
481
4,878
4,047
14,912
3,366
522
29,443
446
4,933
5,243
15, 025
3,264
534
26,475
437
4,749
4,724
13, 259
2,799
506
17,141 16,201
542,906 474,913
27,376 24,265
3,410
14,070
3,392
465
19,503
458,277
27,938
16,628 17,016
441,805 489,727
24,426 27,919
17,380 18,455 20,004 20, 875 20,941
503,536 457,767 532,390 510, 823 498,872
27,825 25,181 27,807 27, 013 25,329
21,798
519,976
27,329
5.760
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock, slaughter (Federally inspected):
476
457
572
536
440
Calves
...thous. of animals.1,280
941
1,004
1,057
1,119
Cattle
do
4,218
5,831
4,561
6,767
4,157
Hogs
_
...do
2,344
1,611
1,424
1,571
1,682
Sheep and lamb
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
.155
.155
.155
.155
.155
dol. per lb__
.218
.218
.218
.218
.218
Calfskins, packers', 8 to 151b
.do
LEATHER
Production:
022
1,014
1,048
1,209
Calf and kip
_..thous. of skins.2,445
2,675
2,572
2,666
Cattle hides
thous. of hides.. 2,642
4,568
3,837
4,441
4,226
Goat and kid.
thous. of skins..
4,796
4,408
4,303
4,163
Sfaeep and lamb
do
Prices, wholesale:
.440
.440
.440
.440
.440
Sole, oak, bends (Boston) t
dol. per lb_.
Chrome, calf, B grade, black composite
.525
.529
.522
.529
.531
dol. persq. ft__
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides.. 11,797 13,698 14,020 14, 021 14,223
8,569
8,691
8,307
Leather, in process and finished do
8,958
8,755
5,451
5,330
Hides, raw
__.
...do
5,391
3,042
5,266
r
Revised.
1
December 1 estimate.
2
3 November 1 estimate.
No quotation.
fRevised series; revised data beginning July 1933 will be shown in a subsequent issue.
392
891
3,892
1,407
491
929
4,134
1,669
502
956
4,196
1,570
471
885
4,320
1,475
475
1,039
4,554
1,481
461
1,048
3,886
1,705
460
1,103
3,223
1,840
513
1,159
3,843
2,223
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
974
2,502
4,005
4,555
1,040
2,629
4,414
4,462
1,006
2,684
4,320
4,552
2,577
3,631
4,998
1,031
2,534
3,490
4,514
1, 053
2,601
3,037
4,147
1,093
2,364
2,423
4,299
1,025
'2,384
2,728
4,150
'.440
.440
.440
.440
.440
.440
.440
.440
.531
.531
.529
.529
.529
.529
.529
.529
14,052
8,923
5,129
13,413
8,900
4,513
12, 747
8,879
3,868
12,389
8,898
3,491
12,139
8,925
3,214
11, 622
8,762
2,860
11,706
8,679
3,027
11,809
r 8, 691
r 3, 118
S-28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
December 1942
1941
1943
October
October
1942
Novem- December
ber
January
February
March
April
May
June
July
SepAugust tember
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total.._
dozen pairs
Dress and semidress.
do....
Work.
.doBoots, shoes, and slippers:
Prices, wholesale, factory:
Men's black calf blucher
_dol. per pair
Men's black calf oxford, corded tip-.-do...
Women's colored, elk blucher
...do...
Production, boots, shoes, and slippers:
Total
thous. of pairs.
Athletic
do...
All fabric (satin, canvas, etc.)
do...
Part fabric and part leather
do...
High and low cut, leather, total do...
Government shoes
.do...
Civilian shoes:
Boys' and youths'
do...
Infants'
do...
Misses' and children's
do...
Men's
_.
do...
Women's
...do...
Slippers and moccasins for housewear
thous. of pairs.
All other footwear
...do...
295,
166,
128,
664
780
884
317,139
195, 568
121, 571
271,215
163,066
108,149
216, 623
120,228
96,395
207,169
122, 262
84,907
252,904
158, 253
94,651
283,112
180, 237
102,875
296, 359
183,210
113,149
313,805
198,458
115,347
289,850
178,452
111,398
295,
177,
117,
243
707
536
272, 256
155, 633
113,200
268,191
150, 656
117, 535
6.75
4.60
3.60
6.36
4.35
3.55
6.40
4.39
3.55
6.40
4.40
3.55
8.40
4.55
3.56
6.40
4.60
3.60
6.40
4.60
3,60
6.75
4.65
3.60
6.75
4.61
3.60
6.75
4.60
3.60
6.75
4.60
3.60
6.75
4.60
3.60
39, 823
460
386
966
32, 920
3,920
45,704
555
271
1,004
36,906
1,474
34, 795
478
223
852
27, 644
1,170
38,451
442
337
1,052
32,654
1,737
39,828
358
436
1,352
34,899
2,223
40, 006
377
454
1,356
34,110
2,336
45,106
572
643
1,247
38,220
2,954
45, 590
620
535
1,056
38. 362
3,858
40, 771
504
478
883
34,046
3,614
39, 643
481
395
555
33, 416
3,675
41, 689
459
147
671
35. 912
3,678
38, 796
424
175
611
33, 046
3,879
' 37, 094
452
237
716
r
31, 089
r 3, 333
1,580
2,042
3,240
8,282
13, 856
1,910
2,585
4,378
11,931
14,627
1,399
2,163
3,491
9,600
9,821
1,535
2,296
3,888
10,410
12, 789
1,393
2,146
3,805
9,871
15,461
1,410
2,029
3,659
9,368
15,308
1, 513
2,340
3,760
9,640
18,013
1,526
2,372
3,751
9,730
17,127
1, 412
2,187
3,344
8,557
14,932
1,459
2,124
3,603
8,311
14, 245
1,562
2, 151
3,602
8, 578
16, 341
1,392
2,125
3,224
7,446
14, 980
1,419
2,074
' 3, 055
r 7, 560
r 13, 648
4,422
670
6,516
453
5,164
434
3,509
459
1,956
827
2,674
1,036
3,2597
1,127
3,607
1,410
3,577
1,283
3,777
1,018
3,850
650
4,080
460
r 4, 219
'381
2,423
361
2,062
2, 749
c!68
2,381
5,595
1,346
4,249
2,666
386
2,280
3,100
383
2,717
5,235
1,349
3,886
2,702
379
2,323
2,972
415
2,557
5,004
1,313
3,691
2,883
375
2,507
3,070
430
2,640
4,843
1,268
3,575
385
2,582
3, 199
429
2,770
4,619
1,224
3,395
2,902
390
2,512
3,028
437
2,591
4,489
1,178
3,311
2,752
383
2,369
2,891
454
2,437
4,537
1,256
3,281
6.75
4.60
3.60
LUMBER AND MANUFACTURES
LUMBEE-ALL1TYPES
National Lumber Manufacturers Assn.:
Production, totalj...
mil. bd. ri3,037
ll ardwoods
do
403
SoftwoodsJ.
._
_
.do...
2,634
Shipments, totalj...
do...
3,093
Hardwoods
_.do
436
Softwoods?
...do
2,657
Stocks, gross, end of month, total
do
6,231
Hardwoods
do
1,343
Softwoods
do
4,888
FLOORING
Maple, beech, and birch:
7,650
Orders, new
M bd. r ft.10,900
Orders, unfilled, end of month
...do
8,900
Production
do
8,300
Shipments...
_
_do
12,850
Stocks, end of month..
do
Oak:
Orders, new
_do
23, 249 40,080
52,446
Orders, unfilled, end of month
do
19,101
49, 227
Production.
..do
20,174
Shipments
_
do
26, 779 48,094
Stocks, end of month
do
65, 236 43,088
Douslasfir:
SOFTWOODS
Prices, wholesale:
Dimension, No. 1, common, 2 x 4—16.
dol. per M bd. ft.. 32. 340 28. 665
Flooring, B and better, F. G., 1 x 4, R. L.
41.160
dol. per M bd. ft.. 44.100
Southern pine:
861
Orders, new
mil. bd. ft..
633
Orders,unfilled, end of month
do
Prices, wholesale:
Boards, No. 2 common, 1 x 8
dol. per M bd. ft.. 30. 000 31.013
Flooring, B and better, F. G.f 1x4...do
55. 000 52.050
896
Production.
mil. bd. ft..
943
Shipments
_
do
1,375
Stocks, end of month
do
Western pine:
542
Orders, new
do
401
Orders, unfilled, end of month
do
Price, wholesale, Ponderosa, boards, No. 3
30.73
common, 1 x 8
dol. per M bd. ft..
32.01
646
Production
mil. bd. ft..
630
Shipments
do
Stocks, end of month
do
1,788
West coast woods:
671
Orders, new___
_
_
...do
607
Orders, unfilled, end of month
...do
856
Productiont
do
827
Shipments!.-.
do
854
Stocks, end of month
do
Redwood, California:
Orders, new
M bd. ft.. 58, 278 31, 540
Orders, unfilled, end of month
do
90, 997 37,142
45, 658
Production
.do
41,163
51, 567 38, 318
Shipments
do
170,197 243, 225
Stocks, end of month
do
r
Revised.
X Data for 1941 revised. See note marked t" on p. S-28 of the
2,572
372
2,200
2,503
374
2,129
6,317
1,340
4,977
2,403
382
2,021
2,403
371
2,032
6,348
1,355
4,993
2,334
376
1,958
2,527
381
2,146
6,110
1 349
4,761
5,050
8,900
7,500
7,150
13,100
7,225
9,050
8.075
7,350
13,625
7,775
0,975
7,175
7,075
14,075
7,150
9,600
7,550
7,100
14,250
8,575
10,550
7,275
7,500
14,000
7,300
10,125
7,500
7,700
13. 850
7,200
8,750
7,150
8,850
12,000
7,875
8,950
7,625
7,675
12,100
7, 325
8,650
7,500
7,675
12, 000
6,950
8,100
6,850
7,500
11, 500
5,900
7,200
8,000
6,950
12, 500
28,102
42, 549
40,910
38.014
48, 278
34,286
42,035
42, 697
35,100
55,875
40, 749
46,235
41, 647
36,549
60,673
48,097
36, 719
37, 788
58,601
34,972
45,431
38,691
37,588
59,704
32, 560
42, 673
40, 656
37,027
63,333
27,732
37,488
36, 283
32,917
17,911
30, 479
30,562
24,920
72,341
17,616
24, 957
25, 491
21, 071
76, 763
22. 720
27, 771
19, 288
18, 906
76,422
22,609
22,631
18, 633
21, 214
73, 841
28.910
29.498
32.095
32. 340
32.340
32. 340
32.340
32. 340
32. 340
32. 340
32. 340
41.160
42. 336
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
771
603
800
621
1,050
796
868
858
974
940
995
943
795
887
832
871
867
840
768
793
741
794
30.813
52.393
824
801
1,398
30. 804
53.596
809
782
1,425
30. 620
54. 330
825
875
1,375
30.653
54. 708
738
806
1,307
30. 770
53.798
787
892
1, 202
30.000
55.000
797
992
1,007
30.000
55.000
782
851
30.000
55.000
791
848
881
30. 000
55. 000
831
30. 000
55. 000
775
815
791
30. 000
55. 000
706
739
758
387
345
401
421
666
554
630
648
596
620
561
573
582
561
30.42
362
420
1,721
345
471
31.46
278
400
1,444
477
472
30.71
443
450
1,779
516
519
30.73
263
418
1,566
31. 52
359
469
1,334
31.04
469
529
1,275
31.35
487
533
1,229
31.51
677
613
1,293
31.36
704
641
1,356
31.53
670
608
1,418
31.53
639
598
1,454
590
587
738
675
929
946
827
642
626
971
765
926
655
635
991
710
894
677
705
968
759
891
701
757
929
1,007
1,029
768
894
875
937
1,097
802
880
835
1,067
783
880
756
1,041
1,171
765
905
622
922
1,145
813
856
572
866
1,150
773
811
578
26, 781
34,860
38, 671
29,910
248,440
29,688
41,696
44, 631 50, 047 58,135
39,445
41, 252 40, 942 55, 566 39,407
65,359
87,154
73,137
66,073
64,152
49, 873 61,104
75,009
41, 666 42, 008 38, 790
37,397
37,960
35,642 33,128
46, 673 48. 647
32,292
30, 208 43, 560 46, 562 41, 205 43,307
249,176 249,377 240, 342 228,068 220,602 213,124 207, 588 195, 721
44, 983
88,086
38, 462
48, 738
182, 697
22, 877
253,061
November 1942 issue.
2,265
372
1,893
2, 500
369
2,132
5,903
1,353
4,550
S-29
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
1941
October
October
1942
Novem- December
ber
January
February
March
April
June
May
July
SepAugust tember
LUMBER AND MANUFACTURES—Continued
FURNITURE
All districts:
Plant operations
percent of normaLGrand 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).
74.0
90.0
87.5
82.0
79.0
83.0
79.0
79.0
78.0
78.0
74.0
72.0
72.0
2.0
26
58
4.0
30
75
5.0
33
75
15.0
8.0
22
59
7.0
20
58
8.0
18
50
5.0
29
58
10.0
15
59
23
53
8.0
21
50
5.0
23
52
4.0
25
55
58.0
88.0
88.0
86.0
81.0
82.0
75.0
79.0
78.0
75.0
73.0
60.0
18
5.0
30
63
51.0
20
101.0
118.9
102.6
104.2
96.3
111.6
102.0
104.2
98.0
113.6
102.0
104.2
101.2
115.0
102.0
104.2
101.2
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102.6
104.2
26
32
27
28
24
22
25
21
22
20
19
METALS AND MANUFACTURES
IRON AND STEEL
Iron and Steel Scrap
5,582
3,145
2,437
4,089
1,322
2,767
5,010
2,824
2,186
3,829
1,232
2,597
5,078
2,873
2,205
3,802
1,167
2,635
4,956
2,822
2,134
3,503
1,145
2,358
4,708
2,643
2,065
3,455
1,170
2,285
5,221
2,956
2, 265
3,460
1,114
2,346
5,156
2,919
2,237
3,682
1,105
2,577
5,225
2,932
2,293
3,972
1,077
2,895
5,000
2,763
2,237
4,297
1,185
3,112
5,006
2,792
2,214
4,579
1,286
3,293
5,015
2,812
2,203
4,780
1,337
3,443
4,955
2,846
2,109
4,993
1,388
3,605
7,599
11,417
52, 667
45,883
6,784
6,612
9,596
43,946
38,852
5,094
6,501
7,661
45, 535
40,245
5,290
7,062
835
40,457
35,563
4,894
7,158
0
33,919
29,627
4,292
6,403
0
27, 526
23,835
3,691
7,109
793
20,190
17. 561
2,629
7.007
7,857
20,065
17, 536
2,529
7,230
12,677
25,199
22,310
2,889
7,034
12, 625
30,931
27, 664
3,267
7,176
13, 405
37, 327
33, 289
4,038
7,155
13, 236
43,236
38,124
5,112
7,140
11,848
48,422
42, 548
5,874
67,187
64,719
62,036
70, 528
84,296
82,004
60,745
66,738
68,983
56,587
71,311
70,744
105,556
68, 741
65,217
66, 292
65,140
62, 724
62,979
69.737
65. 866
60, 398
71, 256
68,459
54,219
60,696
61, 783
55,032
69,990
59,144
63, 651
61.434
59,120
63,978
56,304
56, 651
85,181
58, 687
56, 664
5,049
4,766
5,020
4,997
4,554
5,100
4,944
5,030
4,869
4,959
4,935
4,836
23.50
24.15
25.89
1,400
23.50
24.17
25.89
1,286
23.50
24.20
25.89
1,232
23.50
24.20
25.89
1,221
23.50
24.20
25. 89
1,257
23.50
24.20
25.89
1,296
23.50
24.20
25.89
1,272
23.50
24.20
25.89
1,284
Consumption, total*
thous. of short tons.
Home scrap*
do.__
Purchased scrap*.
_
do...
Stock, consumers', end of mo., total*.._do...
Home scrap*
do...
Purchased scrap*
__do.._
Iron OreLake Superior district:
Consumption by furnaces
thous. of long tons..
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces. - .
do
On Lake Erie docks.
do....
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new, net
short tons..
Production..
do
Shipments
do
Pig iron:
Consumption*
thous. of short tons.
Prices, wholesale:
Basic (valley furnace)
dol. per long ton..
Composite
do
Foundry, No. 2, northern (Pitts)
do
Stocks, consumers', ena ormontn*
ao
Boilers and radiators, cast-iron:
Boilers, round:
Production
thous. of lb..
Shipments
do
Stocks, end of month
do....
Boilers, square:
Production..
do
Shipments
do
Stocks, end of month.
do....
Radiators and convectors:
Production.thous. of sq. ft. heating surface..
Shipments
do...
Stocks, end of month..
do
Boilers, range, galvanized:
Orders, new, net
number of boilers ..
Orders, unfilled, end of month
do
Production
do
Shipments
-do
Stocks, end of month.
do
23.50
24.20
25.89
23.50
24.15
25.89
1,655
23.50
24.15
25.89
1,570
23.50
24.15
25.89
1,581
23.50
24.15
25.89
1,473
2,091
3,483
11,912
1,133
1,922
11,168
1,115
1,448
11,182
732
1,484
10,146
754
1,408
9,493
1,012
1,083
9,421
1,071
938
9,554
905
539
9,673
504
842
9,325
690
1,479
8, 546
976
2,094
7,428
29,461
37, 360
97,896
21,104
24, 502
93, 669
19, 642
17,380
92, 998
18,756
17,044
94,832
17, 773
19,081
93,525
16,214
15,789
93,950
15, 026
16,301
92, 675
11,494
8,546
93,749
10,532
12,474
91,807
9,924
16.644
85, 090
11,312
18, 702
77, 700
8,267
10,494
20,154
5,787
7,695
18,271
6,763
7,390
17, 567
6,717
6,175
18,106
6,199
6,781
17, 524
6,445
5,656
18,313
5,399
6,384
17, 328
4,317
4,131
17,062
4,333
5,168
16,149
4,457
6,284
14, 322
4,384
6,291
12, 414
43, 829 74, 581
42, 597 101, 609
35,681
69, 972
37,111
73, 988
6,402 17,599
52,605
93,966
58,810
60,248
16,411
41,343
80,844
55,856
54,465
17, 785
42, 781
72, 366
50, 657
51, 259
17, 212
53,809
77,190
49, 217
48,985
17,444
62,010
76,750
64, 847
62,450
19,841
38,014
68, 884
42, 427
45, 880
16, 388
31,458
62, 709
33,627
37,633
12,382
30,481
52, 652
39,171
40,538
11,015
22,955
34, 672
40,181
40,935
10, 561
46,025
39, 324
40,454
41,373
9,646
41, 779
35,879
43, 410
45, 224
7,832
Steel, Crude and Semimanufactured
Castings, steel, commercial:
Orders, new, total, net..
-.short tons.. 131,836 117.516 84, 534 113,034 150, 551 179,880 211,081 191,195 199,619 208, 243 202, 334 '140,673 '"171,265
11,218
3,610 —13,480 r 13, 546
16, 549
54,409
43,997 26, 558 11,025
26,839
35,723
JRailway specialties
do
7,277 32,935
Production, total..do
117,020 135,272 104, 605 131,518 134,778 133, 726 146,507 149, 625 131,492 131,458 134, 461 '139,059 135, 823
16, 251 r 12? 988 ' 12,051
48,335 45,158
25,644 21,658
45,640
Railway specialties
do
49, 891 33, 383
46,357 45,013
13, 732
Steel ingots and steel for castings:
7,022
7,149
7,122
6,961
6,521
7, 233
7,236
7,387
7,125
7,393
Production
thous. of short tons..
7,585
7,150
7,067
95
96
98
95
100
Percent of capacity...
95
97
98
Prices, wholesale:
.0265
.0265
.0265
.0265
.0265
Composite, finished steel...
.dol. per lb._
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
Steel billets, rerolling (Pittsburgh)
34.00
34.00
34.00
34.00
34.00
34.00
34.00
dol. per long ton..
34.00
34.00
34.00
34.00
34.00
34.00
.0210
.0210
.0210
0210
.0210
Structural steel (Pittsburgh)
dol. per lb._
.0210
.0210
.0210
.0210
.0210
.0210
.0210
.0210
18.75
18.75
18.75
18.75
18.75
18.75
Steel scrap (Chicago)
-dol. per long ton..
18.75
18.75
18.75
18.75
18.75
18.75
18.75
U. S. Steel Corporation, shipments of fin1,624
1,759
ished steel products
thous. of short tons
1,617
1,781
1,834
1,789
1,851
1,846
1,739
1,774
1,766
1,788
1,704
r
Revised.
1 Cancelations exceeded orders booked during the month by 13,538 short tons.
2
Figures previously shown for September were found to be incomplete and are omitted in this issue.
*New series. The data on scrap iron and steel and pig iron consumption and stocks are estimated industry totals compiled by the 17. S. Department of Interior, Bureau
of Mines, based on reports from consumers accounting for 96 to 99 percent of the industry total beginning in the latter half of 1941 and 93 to 95 percent in the earlier period,
data for January-September 1941 are shown on p. S-30 of the April 1942 Survey. Prior to 1941 data were collected only for the last month of each quarter. For available
1939 and 1940 data, see note marked "*" on p. S-29 of the November 1942 issue. Consumers' stocks of pig iron include suppliers' and producers' stocks.
S-30
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
October
1942
1941
1943
October
December 1942
Novem- Decerri'
ber
ber
January
February
Msirch
April
May
June
July
SepAugust tember
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, 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, and shelving, steel:
Office furniture:
Orders, new, net
thous. of dol..
Orders, unfilled, end of month
do
Shipments
do
Shelving:
Orders, new, net
do
Orders, unfilled, end of month
__do
Shipments
do
Porcelain enameled products, shipments
thous. of dol..
Spring washers, shipments
do
1,215
1,498
82.1
1,504
49
1,850
1,781
97.6
1,777
43
1,762
1,586
86.9
1,604
25
2,047
1,859
101.9
1.851
34
2,149
1,952
107.0
1,954
36
2,230
1,845
101.1
1,848
34
1,893
2,416
,132.4
2,420
29
1,797
2,067
113.3
2,046
50
1,551
1,780
97.6
1,796
34
1,652
1,749
95.9
1,741
42
1, 402
1,760
96.5
1,760
42
1,506
1,536
84.2
1,538
40
1,704
1,838
100.7
1,823
56
2,792
1,103
••951
3,755
1,310
1,929
997
2,813
1,010
2,230
995
9,695
2,822
3,715
1,593
3,250
1,340
2,217
1,204
2,316
1,091
1,832
906
3,960
2,346
379
1,279
554
7,329
4,352
3,422
6,840
3,912
4,612
7,105
4,338
4,490
7,335
4,236
3.194
6,340
4,188
3,751
5,530
4,560
2,551
3, 951
4,130
2,817
3,119
4,204
1,203
1,820
2,256
1.707
1,744
1,784
1,278
1,898
1,124
537
1,456
1-379
393
158
987
1,837
1,173
858
1,678
1,016
1,365
1,058
1,082
1,405
1,042
1,094
1,490
994
1, 510
1,370
1,130
1,418
2,273
1,015
1,606
2,763
1,115
1,459
2,788
1,434
638
2,385
1,040
i —225
1,565
596
i -512
935
118
3,195
382
6,208
321
5,371
276
5,598
292
5,143
290
5,289
295
5, S41
341
5,560
334
4,521
317
4,239
302
4,023
324
3,357
317
3,104
321
.0857
.1178
. 0650
.5200
. 0825
.0936
.1178
.0585
.5200
.0794
.0931
.1178
.0585
.5200
.0825
.0937
.1178
.0585
.5200
.0825
.0873
.1178
.0628
.5200
.0825
.1178
.0650
.5200
.0825
. 0875
. 1178
. 0650
. 5200
. 0825
.0875
.1178
.0650
.5200
.0825
.0875
.1178
. 0650
.5200
.0825
.0875
.1178
.0650
.5200
.0825
.0875
.1178
.0650
.5200
.0825
.0875
.1178
.0650
.5200
.0825
.0875
.1178
. 0650
.5200
.0825
3.459
5,621
4,754
4,753
5,506
3,745
4,599
3,578
3,541
3,163
3,605
2,907
3,296
744
1,760
.195
757
2,931
.195
723
2,548
.195
813
2,399
.195
697
2,795
.195
562
1,885
.195
594
2,198
.195
667
1,484
.195
528
1,711
.195
463
1,646
.195
657
1,826
.i95
649
1, 310
.195
699
1,453
.195
1,768
13, 503
2,071
2,239
13, 731
1,955
14, 654
2,216
5,927
18,415
2,079
5,577
21,622
2,197
6,378
32,265
2,561
6,236
34,471
2,511
2,835
34,190
2,768
4,058
34, 958
2,722
3,355
35, 072
2,701
1,160
32, 883
3, 002
403.8
414.2
327.2
408.5
417.4
381.7
481.2
505.3
408.7
532.7
570.6
418.5
567.9
636.6
361.4
1,122.3 1,033.8
1, 352. 7 1,233. 7
432.1
428. 8
653.6
730.2
423.3
774.0
884.4
441.5
800.8
909,1
474.0
510.8
536.7
433.0
446.4
452.4
428.4
27,451
18,358
31,414
27,099
61
20, 202
16, 747
21,813
27,304
43
23, 225
18,057
21,915
28,900
46
19, 674
18,418
19,159
27,601
109
16, 006
16,428
17,996
28,124
22
14,844
17.051
14,412
29,947
43
10, 883
16, 334
11,600
34, 509
62
10, 680
17, 843
9,171
41, 277
37
18,763
8,441
40,170
31
8,484
19, 000
8,660
39, 122
37
8,100
19, 066
8,034
39, 323
21
8, 589
18,430
9,225
36, 858
' 38
22,888
10,613
8,303
6,350
7,808
10,972
9,573
4,722
11,365
7,040
7,961
' 8, 723
401
75,296
264
53,020
289
72, 229
7,062
246
67, 011
316
81,890
294
77, 384
r
5,7o4
415
331
77, 635
389
90, 344
373
81,991
6,094
77,200
74, 600
15,001
81,435
83,547
84,355
7,423
98, 400
41,360
1,376
33, 907
37, 668
1,498
28,221
31, 663
984
28,198
41, 534
1,150
23, 788
40, 528
359
24, 437
43,117
167
26, 721
42,179
219
27, 989
33,234
97
24, 204
29,958
86
22,662
42, 932
131
22, 459
32,163
126
18, 610
24,148
68
20, 052
2,394
2,368
2,459
4,138
5,784
8,668
4,334
4,634
5,703
5,797
6,417
5,494
979
NONFERROUS METALS
Metals
Prices, wholesale:
Aluminum, scrap, castings (N. Y.)_dol.perlb.
Copper, electrolytic (N. Y.)
do
Lead, refined, pig, desilverized (N. Y.)--do
Tin, Straits (N. Y.)
do
Zinc, prime, western (St. Louis)
do
Miscellaneous Products
Bearing metal (white-base antifriction), consumption and shipments, total (59 manufacturers)§
thous. of lb__
Consumption and shipments, 37 mfrs.§
Consumed in own plants
do
Shipments
do
Sheets, brass, wholesale price, milL.dol. per lb_.
MACHINERY AND APPARATUS
Blowers and fans, new orders
thous. of dol.
Electric overhead cranes:
Orders, new
do
2,170
31, 436
Orders, unfilled, end of month
.do
Shipments
do
3,030
Foundry equipment:
540.6
New orders, net total
.1937-39=100..
552.2
New equipment
do
Repairs
do
505.5
Fuel equipment and heating apparatus:
Oil burners:
Orders, new, net
number._ 10,761
20, 799
Orders, unfilled, end of month
..do
8, 392
Shipments
.do
37, 416
Stocks, end of month
do
56
Pulverizers, orders, new...
do
Mechanical stokers, sales: 1
Classes 1, 2, and 3
do
5, 548
Classes 4 and 5:
438
Number
Horsepower
76, 208
Unit heaters, new orders
thous. of dol..
Warm-air furnaces, winter air-conditioning
systems, and equipment, new orders
thous. of doL.
Machine tools, shipments*
do
130,060
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units.. 26,192
104
Power pumps, horizontal type
....do
Water systems, including pumps
do
19, 792
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of dol
5,243
8,067
22, 500
10,205
9,624
28,563
2,577
103, 364 107,300
12,658
419
428
98,027 105, 278
r
4, 507
5,463
111,147
5, 956
120,118
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
91
90
111
253
Unadjusted
1934-36 = 100.
180
161
182
185
205
65
151
162
152
151
154
Twelve-month moving total
do
145
169
155
169
153
167
161
148
Electrical products:
247.0
283.0
264. 6
Industrial materials, sales billed... 1936=100.^
272.8
238.1
288.0
291.0
252.8
909.0
Motors and generators, new orders
do
859.0 1.008.0
468.8
343.0
332.8
329.7
425.2
Transmission and distribution equipment,
new orders
1936=100.
299.0
471.0
384.7
355.7
472.0
283.7
318.0
16.4
r
Revised.
i Cancellations exceeded new orders by the amounts shown above as negative items.
§ One manufacturer previously reporting went out of business in 1941.
t Of the 101 firms on the reporting list in 1941, 8 have discontinued the manufacture of stokers; some manufacture stokers only occasionally; since April 1942, 56-59
firms have reported sales.
*New series. The series for machine tools covers total shipments as reported to the War Production Board beginning December 1941; earlier data, available beginning
January 1940, are estimated industry totals, compiled by the National Machine Tool Builders' Association from reports covering around 95 percent of the industry. Presses
and other metal-forming machines are not included. For 1940 data and 1941 through August, see note marked "*" on p. S-30 of the November 1942 issue.
S-31
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the
Octo1942 Supplement to the Survey
ber
1942
1941
October
Novem- December
ber
January
February
March
April
May
June
July
August September
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT—Con.
Furnaces, electric, industrial, sales:
Unit
kilowatts.
Value..
thous. of dol.
Electrical goods, new orders (quarterly)
thous. of dol.
Laminated fiber products, shipments
do...
Motors (1-200 hp.):
Polyphase induction, billings__
do...
Polyphase induction, new orders
do.._
Direct current, billings..
do...
Direct current, new orders
do_._
Power cable, paper insulated, shipments:
Unit
thous. of ft.
Value
.thous. of doL
Rigid steel conduit and fittings, shipments
short tons.
Vulcanlred fiber:
Consumption of fiber paper
thous. of lb_
Shipments
thous. of dol.
20, 297
1, 534
12,924
1,060
8,617
646
12,298
1,149
21, 520
1,882
23,961
2,491
45,674
4,551
148, 556
10,367
34, 210
3,177
70, 507
5,100
24, 79G
2,133
31,310
2,378
26, 528
2,237
5,279
3,363
2,997
583,214
3,151
3,370
3,151
759,063
3,641
3,699
3,722
1,057,954
4,116
4,557
4,475
965,120
5,028
6,298
6,903
2,314
2,903
5,388
5,410
2,074
2,860
6,957
8,176
2,552
4,602
6,061
7,086
2,140
3,974
6,417
7,409
2,294
3,056
6,743
13,189
3,097
8,313
7,604
12, 697
4,418
10,196
7,471
11,174
3,395
12, 761
7, 855
11,932
3,225
13, 494
8.052
10, 949
3,413
8, 407
7,710
9, 272
3,857
10, 377
8,257
4,584
4,341
1,487
2,052
1,067
1,536
1,054
1,694
958
1,475
928
1,119
605
1,062
578
934
576
978
1, 375
1,716
1,549
2, 050
899
1,123
1,074
1,435
26,412
24,817
28,840
22,834
22,838
25,572
26,499
22, 987
22,656
21, 449
21, 420
17, 452
3,958
1,202
3,525
1,031
3,738
1,107
3,454
1,024
3,681
956
3,987
1,107
3,900
1,145
4,228
1,215
4,303
1,378
4,067
1,204
4, 219
1,351
4,364
1,581
769,364
942
1,269
4,832
1, 614
PAPER AND PRINTING
WOOD PULP
Production:
Total, all grades
short tons.
Chemical:
Sulphate, total..
...do.__
Unbleached-.
do...
Sulphite, total..
do...
Bleached
do...
Soda
do...
Oroundwood
„
do...
Stocks, end of month:
Total, all grades
do...
Chemical:
Sulphate, total
_
do...
Unbleached
do__.
Sulphite, total
do...
Bleached
do...
Soda
_
do...
Groundwood
do...
Prices, wholesale:
Sulphate, Kraft No. 1, unbleached
dol. per 100 lb.
Sulphite, unbleached
do.. _
848,380
967,031
933,764
925,230
854,880
371,572
318,629
246,792
141,544
52,124
157,185
425, 643
370, 357
277,408
158,440
57,120
184,039
412,155
358,804
265, 639
150, 657
54,368
179, 643
428, 479
374,412
259,072
147, 791
52,461
166,037
394, 702 361, 272
253,057
148,767
45,484
147,325
310,525
225-. 818
132, 651
41, 584
124. 955
385, 750
328, 767
241, 701
145, 693
44, 651
123, 968
111, 300 112,600 136, 400 132,400
163,600
170,000
175, 400
192, 500 182,400
29, 700
23,300
40,100
23, 700
4,600
94, 200
4h 300
37, 400
42, 300
27, 300
4,300
85, 800
835, 457 895, 566 883, 813 867, 738 939,719
383, 037
321, 417
241, 771
148, 245
51,025
138, 530
398, 339
340, 275
266, 944
155, 667
54,332
156, 220
378,087
324, 352
259, 685
143, 458
53, 594
172, 420
373, 737
324,942
253,004
145,138
63,413
167, 578
165,300
91,900
96,400
96,600
75,900
70, 000
36, 400
21,800
5,000
45, 500
16, 300
10,800
41,100
25, 200
3,800
29, 400
15,100
10, 300
41, 300
24, 300
3,200
35,800
13,900
9,600
36,100
21, 600
3,400
42,200
16,700
11,100
39,700
23,900
3,400
50,300
14,900
10,600
37,800
24,600
3,600
55,100
19,700
14,600
42,800
28,200
3,600
69,100
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
813, 237 111, 499
3.625
3.713
405,729
350, 651
274,355
156,252
56,505
181,127
16, 200
12,100
29,400
16,100
3,300
82,100
23,500
17,700
41,800
25,700
4,400
92,300
64, 900
60, 300
48, 600
32, 400
5,000
72, 200
363,177
303,155
227,033
133,135
44, 562
119,270
76,100
69, 400
42, 000
26, 400
5,100
57, 200
PAPER
Total paper, incl. newsprint and paperboard:
Production..
_
short tons..
Paper, excl. newsprint and paperboard:
Orders, new...
short tons..
Production
_
do
Shipments..
do
Fine paper:
Orders, new__
_
do
Orders, unfilled, end of month..do
Production.
do
Shipments
_
_
do
Stocks, end of month.
do
Printing paper:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Wrapping paper:
Orders, new
.do
Orders, unfilled, end of month
do
Production. _
do
Shipments
do
Stocks, end of month
do
Book paper:
Coated paper:
Orders, new
percent of standard capacity
57.8
Prod uction
do
48.7
Shipments
do
49. 6
Uncoated paper:
Orders, new
do
105.5
Price, wholesale,"B" grade, English finish,
white, f. o, b. mill
dol. per 1001b..
7.30
Production. _percent of standard capacity...
97.0
Shipments
do
95.6
Newsprint:
Canada:
Production
.short tons-. 271,555
Shipments from mills
do
295, 625
Stocks, at mills, end of month
do
95, 265
No comparable data.
' Revised.
1,402,698 1,301,067 1,323,019 1,407,718 1,267,666 1,372,288 1,321,529 ,223,478 ,088,755 992, 225 1,074,651 ,072,905
561,183
567,294
581,324
494.691
541,855
541,125
523,096
550,696
557,951
570,366
584,728
579,162
490,358
525,743
524,645
535,913
565,900
549,851
480,905
561,402
544,116
66,982
131,876
59,607
63.826
43,923
52,773
127,734
58,242
60,053
42,430
51,948
119,847
60,176
60,881
41,318
66,766
53,211
115,708 112,775
61, 766 55,699
62,792 57,926
39, 674 37,024
55,029
104,915
62,468
61,052
38,120
46,505
79, 757
62,167
197,926
191,147
204, 796
211, 464
76, 355
178,717
169,674
201,088
197, 424
79,330
177,083
150,710
188,532
195,251
72,664
202, 304
145,159
205,556
203, 954
72, 359
166,106
133,418
182,115
180, 555
72,891
176,103
124,637
190, 265
183, 473
79,897
197,035
191,666
204,790
205, 921
70, 770
171,950
176, 775
186,799
188,076
68,960
195,773
172, 528
197,408
196,880
70,422
205, 436
167, 838
211, 630
211,880
70, 689
181,150 203,361
161,842 160,881
187,990
185,348 203,323
70,039 74,091
83.6
100.0
98.8
75.5
96.2
95.3
69.0
91.3
91.0
73.5
87.6
87.4
100.7
92.9
435,152 424, 740 404,474 424, 880
533, 859 485, 561 436, 465 465, 552
515, 417 473, 482 431, 633 438,053
453, 018
459,093
452, 623
39, 486 r 40, 805
40, 782 r 36, 354
46, 763 ••45,917
45, 071 r 44, 285
47, 002 ' 48, 775
43, 705
35, 805
45, 454
44, 546
49, 470
40,339
64,360
58,953
56,505
43,205
35,479
49,485
52,850
50,403
46,064
151,901 130, 506
101, 239 85,432
184,042 165,640
173,373 157,244
90, 258 99,299
137,689
87,107
141,414
139,881
100,832
135,468
78,511
133,608
141,166
92, 740
143, 998
80, 522
143, 623
141, 587
' 94, 973
152, 906
81,449
148, 503
151, 869
90, 391
199,272
151, 056
210,318
209,120
75, 598
187,460
131,933
207,863
204, 402
79, 244
167,470
111,161
191,899
187, 537
81,080
160,105
100, 290
176, 864
167, 497
88, 239
158,618
93, 863
184,113
164, 092
105, 018
165, 768
99, 334
170,920
161,266
115,182
49.0
61.5
60.9
47.9
55.3
55.1
31.8
40.1
39.9
30.2
37.0
35.1
32.3
30.7
32.7
36.4
34.0
35. 8
47.4
45.2
48.8
93.1
94.0
84.1
69.7
71.1
74.9
78.6
88.1
7.30
109.2
106.6
7.30
102.0
103.0
7.30
108.8
107.5
7.30
105.0
102.6
7.30
98.2
96.1
7.30
89.4
87.0
7.30
73.9
74.7
7.30
72.7
76.7
7.30
79.2
79.5
7.30
85.3
86.6
318, 787 300,308
304,685 320,860
162, 582 142,030
300,823
319,282
123,571
311,904
291,998
143,477
7.30
110.1
110.6
57.2
76.2
77.3
7.30
109.3
108.7
278,101 295,835
264,621 308,166
156,957 144,626
40, 529
277, 741 251,831
238, 346 266,443
184, 021 169,409
242,762
253, 283
158,888
241,178 253, 239 257, 618
243, 620 255, 563 292, 405
156, 446 154,122 119, 335
S-32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Octo1942 Supplement to the Survey
ber
October
1941
Novem- December
ber
December 1942
1942
January
February
March
April
May
June
July
SepAugust tember
PAPER AND PRINTING—Continued
PAPER—Continued
Newsprint—Continued
United States:
Consumption by publishers short tons.
Price, rolls (N. Y.)
dol. per- short ton
Production
short tons
Shipments from mills
do...
Stocks, end of month:
At mills
do...
At publishers
do..
In transit to publishers._
do...
Paperboard:
Orders, new,..
do_.
Orders, unfilled, end of month
do...
Production
.do...
Percent of capacity
Waste paper, consumption and stocks:
Consumption
short tons.
Stocks at mills, end of month
do -..
PRINTING
Book publication, total
no. of editions
New books
_
do...
New editions..
do...
Continuous form stationery, new orders
thous. of sets.
Sales books, new orders
thous. of books
254,349
50.00
84, 217
85, 458
262, 488
50.00
87,068
87,318
263, 889
50. 00
82, 621
84,331
274, 471
50.00
81,680
83,998
231,961
50.00
84,628
80, 787
216,109
50.00
76, 234
75, 247
251, 042
50.00
80, 923
82,, 176
238, 493
50.00
82, 669
81,182
242, 372
50.00
80, 040
76, 612
222, 244
50.00
79,386
78, 413
210,549
50.00
76,952
76,181
223,189
50.00
79,885
79, 556
231,691
77,962
77, 962
83,, 560
11,310
470, 852
58, 655
11,614
334,529
46, 570
9,904
333,120
53,459
7,586
330, 259
55,037
11,427
366, 236
46, 362
12,414
370,101
55,336
11, 161
368,520
47, 376
12, 648
383, 384
44, 843
16, 076
384, 758
39,025
17,049
402,401
36,442
17,820
418,985
35, 454
18,149
430,409
40, 270
12. 551
455, 263
52, 538
660, 890
272,006
607, 425
81
751,966
568, 264
748, 336
99
668, 621
554, 417
676, 591
98
669,927
530, 459
690, 643
93
746,832
528, 698
738,362
102
640, 269
493, 947
665, 689
101
673, 880
436, 029
725, 465
101
611,967
371, 365
677, 458
93
528, 026 466,173
288, 516 r 223, 809
609, 579 523, 808
69
82
464, 293
213,443
473,808
68
523, 648
212, 953
529, 214
75
555, 071
236, 208
535, 850
76
339,201
421,546
464, 446
189,163
419, 770
167, 424
437, 902
186, 522
425, 878
181, 456
390, 276
198, 659
438, 591
241,178
411,110
308,963
352, 972
371,086
296,938
414, 775
283,040
428,067
304, 215
422,958
312. 279
420, 465
869
821
148
874
767
107
1,190
982
208
833
716
117
753
645
108
804
674
130
743
586
157
782
657
125
1,036
818
218
637
537
100
709
537
172
809
642
167
739
582
157
283,108
21, 602
290,591
28,278
223,492
24,859
261,913
23,307
262, 613
24,979
257,791
22,806
300,717
22,878
206,078
19, 672
169,904
18,101
188,437
20,051
150,392
16, 450
227, 722
17, 235
238, 529
16, 047
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
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:
Industrial consumption and retail deliveries,
total
thous. of short tons..
Industrial consumption, total
do
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...
Retail deliveries....
do...
Other consumption, coal mine fuel
do
Prices, composite:
Retail (35 cities)
dol. per short tonWholesale:
Mine run
„
do
Prepared sizes
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
COKE
Price, beehive, Connellsville (furnace)
dol. per short ton_
Production:
Beehive
thous. of short tons
Byproduct
do
Petroleum coke..
_
_
do
Stocks, end of month:
By product plants, total
-do
At furnace plants
do
At merchant plants
do
Petroleum coke__
_
do
r
Revised.
12.46
10. 301
' 5, 580
12.42
10.301
3,832
12.43
10 288
4,118
12.48
10.288
4,532
12.48
10.288
4,772
12.48
10.280
5,085
10.114
5,153
12.49
10.311
4,843
12.48
10.342
5,122
12.48
10. 342
5,341
12.48
10. 340
5,180
12.48
10. 340
' 5, 426
1,177
12.48
10. 340
5,101
1,393
1,237
915
755
656
466
292
140
181
289
472
108
58
42
34
27
24
28
35
43,055
34, 555
835
6,848
628
143
5,532
8,747
912
10,910
8,500
313
47, 832
37,192
1,021
7,352
588
149
6,892
9,226
984
11, 9R0
10, 640
334
52, 416
38,476
1,016
7,404
564
148
5,913
9,685
1,046
12,700
13,940
347
47,081
35,091
957
6,685
497
142
5,154
8,879
937
11,840
11,990
313
43,306
34,526
1,029
7,173
571
144
4,717
9,189
863
10,840
8,780
260
42, 591
34,501
1,099
7,451
647
144
5,103
9,398
819
9,840
8,090
256
40, 269
33,289
1,059
7,229
640
139
5,175
8,921
766
9,360
6,980
257
39,856
34, 306
1,080
7, 504
660
125
5,712
9,077
758
9.390
5,550
253
40, 296
34, 686
1,087
7,508
663
139
5, 672
9,368
769
9,480
5, 610
250
• 42, 228
• 35, 038
r
1, 088
7,294
678
137
r
5, 661
r
9, 465
775
9, 940
7,190
258
53
45, 492
37, 792
1,127
7,542
714
149
5,782
10,275
843
11. 360
7,700
245
43, 478
34, 978
968
7,050
676
143
5,913
8,742
886
10,600
8,500
362
46, 533
36, 443
1,024
7,372
543
153
5,011
9,723
957
11, R60
10,090
251
12.29
9.54
9.42
9.47
9.50
9.52
9.51
9.51
9.43
9.46
9.49
9.52
9.52
9.54
4. 805
. 5. 097
51,065
4.703
4.922
51,328
4.713
4.930
44,426
4.704
4.925
48,694
4.732
4.926
48, 540
4.737
4.924
43, 840
4.753
4.897
47, 400
4.774
4.819
49, 000
4.773
4.858
48, 250
4.775
4.939
48,410
4.782
4.989
47, 700
4.787
5. 021
47,160
5. 050
48, 760
89,922
79,042
10,998
1,091
413
20, 452
13,648
1,239
31, 200
10,880
61,401
51, 501
8,371
720
364
11,919
9,548
909
19, 670
9,900
61, 763
52,013
8,326
714
372
12, 427
9,726
908
19, 540
9,750
62, 737
53, 397
8,901
705
367
12,821
10, 235
968
19, 400
9,340
58,681
50,951
8,179
647
343
12, 660
9,788
964
18, 370
7,730
56,885
50,635
7,888
652
333
13, 455
9,662
995
17,650
6,250
57, 221
51, 761
7,881
743
293
13, 891
9,910
1.013
18,030
5,460
61, 836
55, 746
8,409
813
301
14, 767
10,816
1,050
19, 590
6,090
67,418
60, 618
9,179
876
331
15,854
11,479
1,099
21, 800
6,800
73,271
65, 691
9,866
972
369
16,876
12,223
1,145
24,240
7,580
77, m
69,003
9 922
1,040
386
17, 339
12, 898
1,178
26, 240
8,580
82, 686
73,186
10, 238
1,074
402
18,165
13, 462
1,235
28,610
9, 500
•87,311
• 77, 261
10, 566
1,081
409
19, 872
13, 542
1, 251
30.540
10, 060
6.000
6.125
6.125
6.125
6.125
6.000
6.000
6.000
6.000
6.000
6.000
6.000 |
6.000
718
5,339
••647
r 4,977
154
532
4,833
149
650
5,186
151
647
5,224
140
610
4,716
121
652
5,200
108
655
5,059
91
700
5,276
83
675
5,118
688
5,278
101
692
5,315
111
r
693
5,163
108
1,606
955
651
1,616
871
745
362
817
851
390
1,708
832
876
228
1,510
817
692
246
1,386
869
513
259
1,430
920
509
252
1,448
963
485
201
1,432
975
457
191
1,405
969
435
182
470
175
1,564
1,026
539
179
1.614
1, 021
593
173
S-33
SURVEY OF CURRENT BUSINESS
December 1942
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1942
October
1943
1941
October
Novem- December
ber
January
February
March
April
May
June
July
SepAugust tember
PETROLEUM AND COAL. PRODUCTS—Continued
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills) __ .thous. of bbL.
Price (Kansas-Okla.) at wells.-.dol. per bbL.
Production
thous. of bbL.
Refinery operations
pet. of capacityStocks, end of month:
Refinable in U. S
thous. of bbL.
At refineries
do
At tank farms and in pipe lines
do
On leases
..do
Heavy in California
do
Wells completed.,.
number..
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plants
thous. of bbL.
Railways (class I)
do
Price, fuel oil (Pennsylvania)..dol. per gaL.
Production:
Gas, oil and distillate fuel oil
thous. of bbL.
Residual fuel oil
do
Stocks, end of month:
Gas, oil and distillate fuel oil
..do
Residual fuel oil
do
Motor fuel:
Prices, gasoline:
Wholesale, refinery (Okla.).dol per gaL.
Wholesale, tank wagon (N. Y.)
do
Retail, service stations, 50 cities
do
Production, totalt
thous. of bbl._
Benzol
_
..do
Straight run gasoline
do
Cracked gasoline
do
Natural gasolinej
do
Natural gasoline blended
do
Retail distribution
mil. of gal..
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbL.
At refineries..
do
Unfinished gasoline
do
Natural gasoline
do
Kerosene:
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gaL.
Production
thous. of bbl.
Stocks, refinery, end of month
do
Lubricants:
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gaL.
Production
thous. of bbl.
Stocks, refinery, end of month..
do
Asphalt:
Production
_
_
do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb._
Stocks, refinery, end of month.
do
Asphalt prepared roofing, shipments:
Total
thous. of squares.
Grit surfaced
do-_
Ready roofing
do__
Shingles, all types
do_.
124, 985 119,032 105, 776 110, 565 104,882
1.110
1.110
1.110
1.110
1.110
128,293 128, 262 113,961 114,473 105,053
76
81
82
75
106,883
1.110
110,192
74
105, 376 111, 555 114,135
1.110
1.110
1.110
108,595 111, 782 120,429
78
77
113,474
1.110
115, 801
83
126,772
1.110
126,145
89
121,539
1.110
123,355
243, 735
51, 091
181, 234
11, 410
9,869
1,821
1.110
243, 679 246, 884 253, 531 260, 844 261, 832 257, 761 254, 577 251, 421 245, 026 244,125 240,043
51, 631 51, 319 53, 208 51, 821 50, 050 49, 525 48, 454 47, 551 46, 919 46, 435 44, 569
180, 051 183, 992 188, 437 196, 728 199, 240 195, 937 193, 334 191, 353 185, 797 184, 757 182,825
12, 649
11,997
11, 573 11, 886 12, 295 12, 542 12, 299 12, 789 12, 517 12, 310 12,933
10, 203 10,179
10, 543 11, 229 11, 737 11, 434 11,168 10, 892 10, 950 10, 706 10,167
847
726
825
745
836
953
778
1,723
1,373
1,458
1,857
6,049
.058
1,740
5,723
.054
1,960
6,328
.051
1,867
6,495
.050
1,532
5,949
.052
1,304
6,595
.055
1,012
6,399
.057
946
6,624
.058
923
6,427
.059
1,211
6,747
.059
1,349
6,985
.059
' 1, 431
7,131
.059
16, 554
30, 871
16, 230
29, 666
17,142
31,127
16,902
29, 405
15, 194
27, 254
16, 214
28, 095
14, 002
29, 440
13, 436
30, 971
15, 210
28, 352
16,149
30, 096
17,052
30, 446
18,062
30, 402
55, 385
84, 960
55, 073
83, 730
49, 926
83,195
40, 801
33, 711
75, 386
30, 205
70, 098
28, 792
67, 658
30, 281
32, 501
66, 341
37, 729
66,935
42, 918
67,613
45, 817
69, 264
.060
.149
.140
62,288
296
24,712
31,328
5,952
5,123
2,340
.060
.149
.141
61, 243
287
24,244
30,718
6,994
4,717
2,197
.060
.149
.139
63,573
323
24,913
32, 255
6,082
4,622
2,246
.060
.150
.141
60,035
208
22, 725
30, 324
7,488
5,351
1,982
.060
.152
.141
51,612
189
19,226
26,006
6,768
4,456
1,739
.055
.153
.143
52,902
200
20,609
25,629
7,020
4,414
1,979
.054
.157
.144
47, 528
0
18,339
23, 504
6,257
4,046
2,015
.055
.161
.144
48,938
0
19,573
23,130
6,718
4,272
2,092
.056
.166
.154
45,887
0
17, 404
22,423
6,558
4,423
2,079
.058
.186
.153
49, 302
0
19,088
23,946
6,804
4,577
r
2, 202
.059
.166
.144
51,105
0
19,192
25, 387
7,028
4,909
1,890
.059
.161
.144
49, 389
0
19, 088
23, 882
6,998
5,108
74,698
46,417
7,605
4,870
79,378
49, 351
7,900
4,557
86,413
56, 325
7,685
4,275
93,489 100,186
64, 996 72,990
8,111
7,724
5,209
4,802
99,184
73, 556
7,549
5,620
94,127
67,182
7,695
6,043
87,461
62, 597
7,220
6,568
80,080
55,213
7,437
6,571
71, 657
48, 585
7,789
71, 403
47, 924
8,123
6,405
69, 293
46, 736
8,853
6,056
.063
.063
6,355
11,670
.064
6,443
10,843
.064
6,682
9,599
.064
6,634
6,987
.063
6,133
6,193
.063
6,035
5,4G0
.063
5,529
5,630
.064
5,302
6,419
.064
4,929
6,940
.063
5,134
7,480
.063
5,340
8,261
.063
5,421
8,203
.160
.160
3,494
7,487
.160
3,607
7,752
.160
3,554
8,127
.160
3,497
.160
3,174
8,429
.160
3,533
8,470
.160
3,438
8,470
.160
3,439
8,768
.160
3,231
8,756
.160
3,133
8,945
.160
3,141
9, 301
.160
2, 951
9,278
694, 400
451,000
580,700
512,000
466,500
604,000
382,000
695,000
67, 760
75, 467
76, 413
60,200
74,814
4,737
1,345
1,668
1,724
3,825
1,070
1,441
1,315
3,033
813
1,265
955
55,160
72, 800
2,743
675
1,307
761
1,343
.059
.161
.144
382, 700 428, 200 452,900
765,400 740, 700 719,400
500, 500 517,800
617,300 513,800
629, 300 619, 500 631, 800
436,000 396, 500 366, 900
52,920
75,600
61,600
75,040
52,080
69, 720
51,800
69,160
57,960
69, 720
50, 680
68, 040
3,085
782
1,441
862
3,692
969
1,592
1,132
4,198
1,178
1,509
1,511
4,391
1,227
1,467
1,697
4,397
1,286
1,528
1,582
4,908
1,726
1,751
1,431
110, 645
115,910
121,187
135, 030
142, 985
16,022
79
18, 250
22,609
5,809
16, 833
80
20, 501
' 18, 979
r
5, 528
17, 605
85
21, 282
" 15, 268
r
4, 493
r
16, 349
24,886
6,241
61, 040
77, 000
5,152
1,823
1,918
1,411
57,120
77, 840
5,440
1,802
2,091
1,547
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams.
138,555
138,327
199,373
111, 700
130, 525
109, 568
105,808
16,688
79
17, 833
16,417
4,192
14,931
73
13, 724
17,638
4,250
13,810
65
11,511
19,925
4,575
12,360
59
9,115
23,168
5,020
' 10, 797
57
8,293
25, 668
5,840
12, 733
61
12, 563
• 25,832
' 6, 571
r
PORTLAND CEMENT
Production..
thous. of bbl...
Percent of capacity
Shipments
.thous. of bbl...
Stocks, finished, end of month
.do
Stocks, clinker, end of month..,
...do
18, 263
87
20, 344
10, 627
2,705
14,067
69
14,774
25,112
6,656
17, 538
87
• 20,145
' 12, 708
r 3, 595
CLAY PRODUCTS
Common brick, price, wholesale, composite
13.100
13.165
f. o. b. plant
dol. per thous..- 13.224
12.876
12.921
12.935
13.215
13. 254
13.209
13. 226
13. 216
13. 225
13. 221
Floor and wall tile, shipments:
3,584
5,289
3,689
6,831
5,029
3,944
3,905
2,589
3,290
2,792
Quantity
thous. of sq. ft..
2,558
1,932
1,432
1,077
1,047
939
1,119
Value
thous. of dol..
1,147
667
1,501
773
675
Vitrified paving brick:
785
4,551
3,113
1,735
1,046
2,075
1,983
3,682
Shipments
thous. of brick. _
2,680
3,711
3, 682
24,694
17, 211
17,122
17,948
18,823
Stocks, end of month
...do
18, 992
19, 615
19, 647
19,461
18, 760
19, 215
r
Revised.
{Beginning January 1942 figures for the production of natural gasoline include total sales of liquefied petroleum gas as follows (thous. of barrels): Jan., 710; Feb., 577; Mar.,
556; Apr., 572; May, 483; June, 498; July, 536; Aug., 502; Sept., 579; data for such sales have not been included in the total for motor fuel. Prior to 1942 an indeterminable
amount of liquefied petroleum gas has been included in total motor fuel and natural gasoline production.
S-34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, together with explanatory notes and references
to the sources of the data, may be found in the
1942 Supplement to the Survey
1941
1942
October
December 1942
October
1942
Novem- Decem*
ber
ber
January
February
March
April
May
June
July
SepAugust tember
STONE, CLAY, AND GLASS PRODUCTS—Continued
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
Other glassware, machine-made:
Tumblers:
Production
thous. of doz._
Shipments
do
Stocks
do
Table, kitchen, and householdwars, shipments
thous. of doz_.
Plate glass, polished, production
thous. of sq. ft..
Window glass, production
thous. of boxes.
Percent of capacity
7,016
101.1
6,244
389
1,242
55
310
408
1,042
2,022
464
285
10
7,948
4, 500
4,888
7,837
6,187
100.3
5,295
240
974
42
316
260
1,056
1,766
381
242
3
8,711
6,043
90.4
4,965
214
862
39
332
395
843
1,640
374
245
4
9,610
6,755
96.5
5,877
271
1,191
45
352
524
905
1,884
399
257
29
10,228
5,965
96.1
6,141
352
1,319
37
408
601
917
1,741
429
224
97
9,950
6,935
ioa. i
7,073
588
1, S17
49
503
737
983
1,806
514
243
:LO6
9, 450
6,921
102.9
6,830
454
1,554
51
479
868
838
1,757
448
234
125
9,417
7,192
111.2
6,997
419
1,489
49
508
1,158
814
1,733
441
259
104
9,489
6,723
99.9
6,356
331
1,405
43
451
1,065
759
1,482
433
272
90
10,008
5,946
88.4
6,333
383
1,577
40
416
837
853
1,379
328
295
195
9,528
6,585
97.9
6,902
546
1,828
33
320
723
1,164
1,253
329
270
401
9,139
6,297
97.3
6,879
815
1,629
31
315
636
1,095
1,286
361
286
395
8,490
4,837
'5,127
6,975
4,658
3,584
7,903
4,346
3,236
8,936
5,350
4,143
8,797
4,595
3,921
9,376
4,804
4,482
9,260
4,558
4,610
9,156
4,134
4,315
3,779
3,845
9,140
3,183
3,915
8,411
4,498
4,532
8,196
3, 880
3,829
8,239
2,876
2,927
2,494
2,397
3,048 |
3,606
4,310
1,557
95.9
4,726
1,223
75.3
4,194
1,274
78.5
3,863
1,075
66.2
4,741
1,097
67.6
4,608
4,082
3,279
2,553
2,587
3,112
3,278
4,924
15,769
1,524
93.9
14,277
1,300
80.1
10,311
1,696
104.5
9,143
1,639
100.0
5,600
1,457
89.7
5,565
1,583
97.5
5,570
1,644
101.3
GYPSUM AND PRODUCTS
Gypsum, production:
Crude_ _
short tons. _
Calcined
do
Gypsum products sold or used:
Uncalcined
do
Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
All other building plasters
do
Lath...
thous. of sq. ft..
Tile
do
Wallboard
do
Industrial plasters
short tons..
1,361,034
1,088,745
1,066,362
817,856
317, 781
285, 755
345,697
6,841
90, 558
567,393
7,398
269,129
36,130
275,886
5,904
76,430
348,061
1,234,293
829,20(5
399,192
252, 860
3,781
80, 320
254,690
7,523
365,166
35, 736
256,755
34,114
1213 817
754,911
199,061
2,905
77,483
197,845
11,577
404, 896
36, 399
384,730
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs. .
Shipments
do
Stocks, end of month..
.do
12, 650
13,012
21, 786
14,107
14,977
21,409
12,501
12,585
21,367
12,555
11,938
22,026
13,147
12,869
22,292
12,204
12,759
21,726
955, 657
.166
849,143
.158
888,379
.162
947,539
.169
892,288
.178
.192
12, 951
13, 506
21, L60
12,729
13,533
20,346
11,913
11,500
20,748
12,033
10,990
21, 781
12,067
11, 251
22, 598
11,982
12,118
22, 462
12,335
12, 649
22,148
967,406
. 181
999,749
.190
957,864
.192
967,523
.183
994, 552
.186
925,089
.180
>66,149
.186
. 196
.202
.200
.189
.194
.186
.187
49
738
5,009
COTTON
Cotton (exclusive of linters):
Consumption
bales.. 972,490
Prices received by farmers
dol. per lb__
.189
Prices, wholesale, middling, lb/W, average,
.189
10 markets
del. per lb._
Production:
9,726
Ginnings (running bales)§..thous. of bales..
Crop estimate, equivalent 500-lb. bales
thous. of bales.. 2 13,329
Stocks, domestic cotton in the United States,
end of month :J
Warehouses.
thous. of bales__ 12,674
Mills
do....
2,118
Cotton linters:
116
C onsumption
do
Production
do
221
Stocks, end of monthf
do
588
.165
.164
.173
.190
7,961
9,592
9,915
10, 225
'
10,495
i 10, 742
13,318
1,994
13,960
2,248
13,710
2,395
12,857
2,498
12,212
2,582
11,349
2, (354
10,491
2,631
9,403
2,585
8,457
2,443
7,633
2,252
7,502
1,848
9, 676
1,711
133
193
679
117
170
729
110
149
807
116
143
866
108
124
886
132
97
354
131
67
806
132
41
732
127
26
653
122
22
577
122
27
490
115
154
505:
20.95
.196
.090
.108
21.82
.196
.090
.108
21.27
.196
.090
.108
22.17
.193
.090
.108
22.03
.192
.090
.108
192,142
145,423
5,573
72,813
192,091
147,654
5,196
61, 287
189, 214
150,832
5,730
55, 732
178,185
149,159
5,121
60, 073
179,363
157, 074
5,472
65, 606
COTTON MANUFACTURES
Cotton cloth:
Prices, wholesale:
20.41
20.18
20.31
20.27
20.26
20.25
20.28
Mill margins
cents per lb__ -21.85
.175
.190
.180
.190
.175
Denims, 28-inch
dol. per yd_.
.193
.196
.192
.086
.080
.081
.083
.087
.088
.089
Print cloth, 64 x 60.
do
.090
.103
.094
.104
.098
.095
Sheeting, unbleached, 4 x 4..
do
.105
.107
.108
Finished cotton cloth, production:
Bleached, plain
thous. of yd._ 182,176 188,594 170,132 180,792 192,229 176, 227 191, 654 194,328
167,390 143,718 131,727 126. 677 133,624 126,465 145, 169 148,023
Dyed, colors
do
6,750
6,042
8,547
7,116
Dyed, black._
do
5,338
6,553
5,503
6, 010
91,674
82,267
98,297
78,572
Printed
do
83,791
75,962
70,935
88, 574
'1 Revised.
1941 crop.
2
November 1 estimate of 1942 crop.
§Total ginnings to end of month indicated.
JFor revised figures for all months of the cotton year 1941-42, see p. S-34 of the November 1942 Survey. T h e total stocks
July 31, 1942, including stocks on farms and in transit, was 10,455,000 bales.
of American cotton in the United States on.
S-35
SURVEY OF CUERENT BUSINESS
December 1942
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
Octoto the sources of the data, may be found in the
ber
1942 Supplement to the Survey
1941
October
1942
Novem- December
ber
January
February
March
April
May
June
SepAugust tember
July
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES—Continued
Spindle activity: X
Active spindles
thousands. Active spindle hours, total
mil. of hrs_Average per spindle in place
hours-.
Operations
percent of capacity. Cotton yarn, wholesale prices:
Southern, 22/1, cones, carded, white, for knitting (mill)t
dol. perlb_Southern, 40s, single, carded (miH)._.__do
RAYON
Consumption:
Yarn
...mil. of lb._
Staple
fiber..
...do
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per lb_Staple fiber, viscose, 1^ denier.
do
Stocks, producers', end of month:
Yarn
...mil. of lb.Staple
fiber
.do
23,012
11,429
478
136.9
23, 054
11, 237
463
125.9
23, 079
23,062
10, 665
441
125.4
23,087
11,367
471
137.0
23,088
10,478
436
136.3
23,109
11, 379
473
134.3
23,102
11, 459
476
135.2
23,117
11,197
465
138.5
23,095
11, 295
471
133.7
23,110
11, 484
479
130.2
22,974
9,914
410
129.8
10,981
458
136.4
22,956
11,191
468
134.9
.414
.515
.391
.479
.380
.471
.390
.481
.409
.500
.408
.504
.414
.506
.420
.516
.421
.515
.421
.515
.421
.515
.421
.515
.420
.515
40.6
12.6
41.7
13.2
38.5
11.5
39.3
12.4
41.2
12.5
36.0
11.3
40.0
12.6
37.6
13.0
37.6
12.7
' 39.0
13.7
12.6
'38.2
12.8
'38.4
12.4
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
7.4
4.1
5.4
1.7
4.5
1.8
3.8
1.8
4.8
1.9
4.4
2.1
4.1
2.3
5.4
1.7
6.9
2.1
7.0
2.3
"6.5
3.1
7.4
3.9
'8.0
4.3
51, 995
13,980
40, 660
10, 700
43,696
11, 708
44,480
5,828
40,972
5,784
44,740
2,544
44,320
6,555
53, 510
4,280
45, 896
3,236
• 45, 372
' 2, 000
52,185
3,045
2,546
94
2,521
89
2,706
78
2,850
89
2,616
86
2,602
95
2,754
86
2,789
81
2,853
70
' 2, 744
70
2,662
132
114
125
104
122
105
122
105
115
96
79
77
59
64
2,668
78
76
53
71
59
72
45
40
112, 567
127, 257
232
108,127
122,409
220
110,157
129,890
233
118. 654 117,130
120,806 101,015
243
231
116,996
99,935
231
125,659
114,464
241
125,175
116,750
239
119,375
115,368
233
127,143
122,324
243
125,473
120,250
237
121,952
112,150
217
1.083
.490
1.110
.490
1.129
.490
1.161
.515
1.175
.515
1.195
.515
1.195
.515
1.195
.503
1.195
.496
1.195
.499
1.199
.527
.790
.790
.790
.790
0)
0)
0)
0)
0)
0)
0)
0)
1.800
1.800
1.800
1.800
WOOL
Consumption (scoured basis) :f
Apparel class
thous. of lb_.
Carpet class
do
Machinery acttvity (weekly average) :J
Looms:
Woolen and worsted:
Broad
thous. of active hours..
Narrow
do
Carpet and rug:
Broad
do
Narrow
do
Spinning spindles:
Woolen
_
do
Worsted
do
Worsted combs
do
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb_.
Raw, Ohio and Penn.,
fleeces
do
Australian (Sydney), 64-70s, scoured, in bond
(Boston)
_
__.dol. perlb..
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd..
Women's dress goods, French serge, 54" (at
mill)
dol. per yd.
Worsted yarn, H«'s» crossbred stock (Boston)
dol. perlb..
Stocks, scoured basis, end of quarter:!
Total
thous. oflb..
Wool finer than 40s, total
do
Domestic
do
Foreign
do
Wool 40s and below and carpet
do
1.205
.535
.790
1.135
.490
.705
.705
.743
.755
.755
.755
.790
(0
(0
2.228
2.228
2.228
2.228
2.320
2.599
2.599
1.411
1.411
1.411
1.411
0)
0)
(0
0)
0)
1.800
1.763
1.800
1.800
1.800
1.800
1.800
1.800
1.800
247,083
172, 438
66,182
106,256
74,645
190,571
142,378
77,253
65,125
48,193
.790
351,485
276,296
141,409
134, 887
75,189
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
thous. of dol.
Pyroxylin-coated textiles (cotton fabrics) :
Orders, unfilled, end of mo. -thous. linear yd.
Pyroxylin spread
thous. oflb.
Shipments, billed
thous. linear yd-
1,441
8,913
4,565
4,887
790
9,009
7,288
7,841
8,206
6,698
7,097
3,192
7,825
6,637
7,398
6,210
7,033
6,980
7,000
4,914
1,360
1,221
1,367
2,740
1,552
6,097
5,651
6,617
5,387
6,667
6,496
5,554
6,384
5,798
5,371
5,877
5,563
4,605
5,279
4,937
4,430
4,530
4,686
4,275
4,734
5, 752
4,766
4,617
59
57
53
54
60
54
67
586
110
119
173
TRANSPORTATION EQUIPMENT
AUTOMOBILES
Indexes of retail financing:
Passenger car financing, volume:t
Total .
Jan. 1942=100
New cars
do
Used cars
do
Retail automobile receivables outstanding,
end of month
Dec. 31, 1939=100-Automobilerims, production... thous. of rims.. _
Accessories and parts, shipments:
Accessories to wholesalers
Jan. 1935=100
Service parts to wholesalers
do
Service equpiment to wholesalers
do
32
201
483
179
429
196
463
100
100
63
22
73
46
58
42
58
55
118
132
56
60
133
100
73
81
62
55
60
164
2,024
157
1,864
149
1,677
139
1,271
128
823
116
669
105
665
95
617
86
664
77
573
174
302
287
173
267
288
174
297
255
144
229
217
139
231
201
141
234
202
130
205
198
128
174
183
126
111
187
118
117
176
42
45
42
59
633
112
135
180
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
7,752
7,183
6,240
7,781
7,957
5,253
7,573
2,860
7,617
6,378
955
Freight cars, total .
number.
7,652
7,781
7,181
6,240
7,273
5,700
2,851
6,626
6,073
1,370
574
Domestic
do
24
42
28
35
41
23
10
42
16
28
Passenger cars, total
__..
do
10
42
20
29
28
41
23
42
10
16
28
Domestic
do
10
r
1
Revised.
No quotation.
t For revised figures for all months of the cotton year 1941-42, see p. S-35 of the November 1942 Survey.
t Data for October 1941 and March, June, and September 1942 are for 5 weeks; other months, 4 weeks.
f Revised series. The yarn price series for Southern, 22/1, cones, has been substituted beginning January 1941 for the Northern, mulespun, series formerly shown; for
data for all months of 1941, see p. S-35 of the November 1942 issue. Figures for wool stocks are compiled on a revised basis beginning 1942 and data are not available comparable with figures shown in the 1942 Supplement and in monthly issues through June 1942. 1942 data shown above coyer all known stocks of wool in commercial channels,
including stocks in the hands of country dealers and in country warehouses; stocks in the hands of country dealers and in country warehouses are not included in the earlier
data. All figures exclude stocks afloat which are no longer available for publication. For data for March and June 1941 for wool finer than 40s, see p. S-37 of the October
1942 Survey. The indexes of retail automobile financing shown above on a January 1942 base may be linked to the indexes on a 1939 base shown in the 1942 Supplement by
applying the current series to the January 1942 index on a 1939 base given in footnote 5 to p. 170 of the 1942 Supplement.
S-36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1941, to- 1942
gether with explanatory notes and references
Octoto the sources of the data, may be found in the
ber
1942 Supplement to the Survey
December 1942
1941
October
1942
Novem- December
ber
January
February
March
May
April
June
July
SepAugust tember
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
Association of American Railroads:
Freight cars, end of month:
Number owned
_
thousands..
Undergoing or awaiting classified repairs
thousands..
Percent of total on line
Orders, unfilled
cars..
Equipment manufacturers
do
Railroad shops
do
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
number..
Percent of total online
Orders, unfilled
number.Equipment manufacturers
do
Railroad shops
do
U.S. Bureau of the Census:
Locomotives, railroad:
Orders, unfilled, end of mo., total
do
Steam..
do
Other
do
Shipments, total.
do
Steam
do
Other
.do
Locomotives, mining and industrial:
Shipments (quarterly), total
number..
Electric, total
.do
For mining use
do
Other.
do
1,682
1,694
1,701
1,709
1,718
1,726
1,731
1,736
1, 737
1, 737
1,737
42
2.4
29, 204
22, 419
6,785
4.1
78,974
57,584
21,390
4.1
75, 559
52, 563
22,996
62
3.7
73, 697
50,661
23,036
61
3.6
66, 870
45,798
21, 072
61
3.6
69,402
49,939
19,463
3.5
68,316
47,985
20,331
62
3.6
58,129
39,804
18, 325
63
3.7
48,351
31,440
16,911
57
3.3
37,891
25,062
12,829
5.5
3.2
35, 442
24, 974
10, 46S
53
3.1
34,195
24. 626
9,569
2.7
35. 637
28, 352
7,285
2,143
5.5
289
216
73
3,778
9.6
284
240
44
9.2
281
256
25
3,370
8.6
258
237
21
3,378
8.6
249
229
20
3,231
8.2
300
282
18
3,228
8.2
426
372
54
3,114
7.9
408
357
51
2,930
7.5
395
348
47
2,477
7.0
350
304
46
2,669
6.8
334
284
50
2,593
6.6
323
256
67
2.381
6.1
413
238
76
1,839
979
860
177
96
81
921
268
653
102
27
75
1,022
364
658
89
15
74
1,210
526
684
96
22
74
1,197
522
675
89
19
70
1,273
551
722
100
28
72
1, 332
589
743
125
57
68
1,425
669
756
132
62
70
1,586
716
870
111
50
61
1,554
658
896
142
59
83
1,720
854
866
132
56
76
1,649
783
866
147
61
86
1,932
1,065
867
177
83
94
1,737
207
102
99
105
177
84
71
93
266
116
112
150
205
104
102
101
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total.
Domestic
Exports
.number.
do...
do...
420
418
2
323
306
17
298
280
18
271
261
10
330
327
3
303
371
336
35
400
383
17
384
373
11
400
391
9
360
343
17
382
344
38
438
415
23
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined indext-- .1935-39=100..
Industrial production:
Combined index!.
do
Construction!
do
Electric power
^o
Manufacturing!
.do..-Forestryf
do . . .
Miningf
do . . .
Distribution:
Combined indexf
-do
Carloadings
do
Trade employment
do
Agricultural marketings, adjusted:!
Combined index
.do
Grain.._
_
do . . .
Livestock
.do
Commodity prices:
117.8
Cost of living
do
90. 8
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..
47
Commercial failures
_.
.number..
Life-insurance sales, new paid for ordinary
57, 795
thous. of dol..
Security issues and prices:
270, 453
New bond issues, total
do
99. 6
Bond yields
1935-39=100..
65.0
Common stock prices
do
Railways:
Carloadings
thous. of cars..
Financial results:
Operating revenues
-thous. of dol...
Operating expenses
do
Operating income..
..do
Operating results:
Revenue freight carried 1 mile.mil of tons..
Passengers carried 1 mile
mil of pass..
Productjon:
Electric power, central stations
mil. of kw-hr_.
Pig iron
thous. of long tons..
Steel ingots and castings
do
Wheat
flour..
thous. of bbl_.
178.7
183.7
193.9
192.3
192.9
189.3
198.1
195.5
200.0
203.7
198.5
198.4
198.6
144.4
137.4
192.3
141.2
299.6
202.3
127.9
137.5
199.6
132.5
291.0
208.0
185. 0
138.9
206.7
141.4
261.4
216. 5
124.7
142.9
222.7
138. 1
258.5
216.3
98.8
137.6
226. 3
147. 6
248.2
207.7
152. 6
141.7
212. 6
148.0
234. 2
220.8
144.4
144.3
231.0
137.8
226.9
217.3
97.3
146.1
232. 5
132.7
211.3
222.1
159.9
146.6
235.7
131.2
196.3
229.4
118.4
145.8
246.2
128.5
213.3
221.7
115.8
142.8
236.1
120.7
216.6
223.8
128.4
140.0
236. 6
116. 2
225. 8
137. 5
120.6
123.9
1-15. 3
124.4
123.4
164. 7
138.8
122.9
142.0
149.6
125.2
144.4
140.4
123.5
151. 2
136.2
118.2
151. 3
140.3
117.8
150. 2
142.3
117.6
153. 9
141.4
116.0
150. 5
148.1
117.9
150. 4
129.6
145. 8
117.4
113.3
116.0
101.3
81.3
75.6
10P.1
129.4
129.3
129.8
136.3
110.4
112.3
93.9
70.6
100.9
81.6
74.9
110.8
84.8
84.2
87.0
83.7
84.3
80.9
88.6
82.8
113.8
237. 7
270.9
93.4
99.6
98.8
102.9
43.6
33. 9
85.7
115.5
'93.9
116.3
94.0
115.8
93.6
115.4
94.3
115.7
94.6
115.9
95.1
115.9
95.0
116.1
95.2
116.7
95.8
117.9
96.1
117.7
95. 6
117.4
96.0
165. 8
155. 4
185.0
182.3
175.7
160.9
104.2
167.6
147.7
187.5
185.0
173.7
163.4
102. 8
168.8
143,4
188.4
183.5
170.4
167.1
104.1
165.8
124.7
187.1
177.8
168.0
172.4
101.1
165. 4
118. 1
191.2
176.8
167.0
156.8
98.2
165.1
103.7
195. 7
176.4
169.1
151.7
97.5
165.2
98.0
199.4
175.0
172.8
153.0
99.0
167.4
109. 3
202.3
173.5
176.3
153.5
104.1
171.7
123.3
205.9
173.1
180.6
153.7
106.4
175. 7
137.7
209.5
174.1
184. S
152. 8
108.1
177.8
146.8
212.4
172. 3
189.4
152.5
110.4
179.3
146. 5
215.6
166. 8
188.2
152.3
110.0
3. 627
57
41, 740
3,427
80
3,687
78
2,893
64
4,177
56
3,791
53
3,767
46
3, 516
39
35, 876
40,336
43, 898
3,704
47
44, 868
3,480
42
39, 357
3,733
46
36, 232
341, 680
100.2
69. 1
44, 984
47, 172
3,231
77
43, 081
94, 851
99.1
91, 985
99.3
67.2
90, 326 100,232 1,044,077 396, 203
99.4
99.3
99.6
99.6
64.7
62.3
61.1
39, 963
92, 329 298, 653 226, 441 339, 640
99.5
98. 7
98.8
99.0
62.4
62.0
62.8
61.6
313
286
294
272
249
271
273
283
287
294
51,239
37, 304
11,483
48,219
35.496
9,1*27
50,050
36, 134
10,818
45, 422
35, 111
7,789
44,044
35,281
6, 046
50,858
37, 338
10,036
50, 597
36, 526
10,303
53,036
37, 606
11,510
55, 247
39,419
11, 696
57, 529
42, 004
10,582
58. 881
43, 371
10, 753
4, TUB
4,711
227
4,356
387
4.246
283
4,031
271
4, 580
325
4,439
£61
4,891
375
4,705
511
4,593
532
3, M0
137
223
1,590
3, 184
134
221
3,221
148
219
1, 577
3,226
146
231
1,556
2,864
129
217
I, 585
3.221
149
237
1,807
3,083
143
237
1, 961
3,175
153
243
1,481
2,966
154
?19
1. 590
2. 990
145
222
1,820
154,313
99.4
62.6
3,043
150
227
1,335
290
2,947
139
219
1,737
r
Revised.
! Revised series. T h e revision of the index of physical volume of business is due mainly to a change in the weighting and in the list of components, so as to o r i e n t «
picture of the expansion in industries or.gag^d on war production. Earlier data are not yet available. The index of grain marketings is based on receipts at country elevator
instead of receipts at head of Lake and Pacific ports, as formerly. For data beginning February 1941, see p . S-38 of the April 1942 Survey
Revisions for Januarv'l941 are afollows: Total, 108.8; grain, 185.4. Earlier data will be shown in a subsequent issue.
U. S . GOVERNMENT PRINTING O F F I C E : 1 9 4 2
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S36
CLASSIFICATION, BY SECTIONS
Monthly business statistics:
Page
S-l
Business indexes
S-3
Commodity prices
S-4
Construction and real estate
S-6
Domestic trade
._
.
Employment conditions and wages. S - 8
Finance
S-13
Transportation and communications
_
_ .
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Leather and products
Lumber and manufactures „___»
Metals and manufactures:
Iron and steel
Nonferrous metals and productsMachinery and apparatus
Paper end printing
Petroleum and coal products
Stone, clay, and glass products..
Textile products
Transportation equipment
Canadian statistics
S-20
S-20
S-22
S-23
S-24
S-27
S-28
S-29
S-30
S-30
S-31
S-32
S-33
S-34
S-3 5
S-36
CLASSIFICATION, BY INDIVIDUAL
SERIES
Pages marked S
Abrasive paper and cloth (coated)
33
Acceptances, bankers'
13
Advertising
6
Agricultural cash income
1
Agricultural wages, loans
13,14
Air mail and air-line operations
6,21
Aircraft
12,13
Alcohol, methyl
22
Alcoholic beverages
1|2,24
Aluminum
«30
Animal fats, greases
22
Anthracite
1,2,3,10,12,32
Apparel, wearing
3, 6, 7,9,10,11,12,13,34,35
Asphalt
_
33
Automobiles
1,2,6,7,8,9,10,11,12,13,16,35
Automobile accessories and parts
35
Banking
.
. - 13,14
Barley
25
Bearing metal
30
Beef and veal
26
Beverages, alcoholic
1»2,24
Bituminous coal
1,2,3,10,12,32
Boilers
_
_
29,30
Bonds, issues, prices, sales, yields
18,19
Book publication32
Brass bronze, and copper products
12,13,30
Brick
3,9,10,12,13,33
Brokers' loans
14,18
Building contracts awarded
4
Building costs
5
Building expenditures (indexes)
4
Building-material prices, retail trade
3,7
Butter.
24
Canadian statistics
16,36
Canal traffic
21
Candy..
_
27
Capital
flotations
18
For productive uses
18
Carloadings
_
21
Cattle and calves
26
Cement
__
_
_ 1,2,3,33
Chain-store sales
7
Cheese___
24
Chemicals,
1,2,3,9,10,11,12,13,15,16,22
Cigars and cigarettes
27
Civil-service employees
10
Clay products
1,2,9,10,11,12,13,15,33
Clothing (see also hosiery)
3,
6,7,9,10,11,12,13,34,35
Coal-.
_
1,2,3,10,12,32
Cocoa
27
Coffee.
27
Coke
1,2,32
Commercial failures
15
Commercial paper
,13
Construction:
Construction estimates
4
Contracts awarded
4
Costs
5
Highways and grade crossings
5
Wage rates
13
Consumer credit
15
Consumer expenditures
._
6
Copper
30
Copra or coconut oil
22
Corn
25
Cost-of-living index
3,4
Cotton, raw, and manufactures. 1,2,3,9,10,11,34
Cottonseed, cake and meal, oil
22,23
Crops..
1,23,25,27,34
Currency in circulation
16
Dairy products
1,2,3,24,25
Debits, bank
14
Debt, United States Government
17
Delaware, employment, pay rolls, wages. 10,11,13
Department stores: Sales, stocks, collections
7,8
Pages marked S
Deposits, bank
„
14
Disputes, industrial..
11
Dividend payments and rates
1,19
Earnings, factory, weekly and hourly
12,13
Eggs and chickens
1,3,26
Electrical equipment—
_ 2,6,12,30,31
Electric power production, sales, revenues-. 23,24
Employment, estimated
.
8
Employment indexes:
Factory, by cities and States
10
Factory, by industries
8,9,10
Nonmanufacturing
10
Employment, security operations
11
Emigration and immigration
21
Engineering construction
4
Exchange rates, foreign
16
Expenditures, United States Government._
17
Explosives
...
22
Exports
20
Factory employment, pay rolls, hours, wages.
8,
9,10,11,12,13
Fairchild's retail price index
„
3
Farm wages
13
Farm prices, index
3,4
Fats and oils
._
3
Federal G overnment,
finance
17
Federal Reserve banks, condition of
14
Federal Reserve reporting member banks—
14
Fertilizers
3, 22
Fire losses
—
6
Fish oils and
fish.
22,27
Flaxseed
_
_
23
Flooring
28
Flour, wheat
26
Food products
1,
2,3,4,6, 7,9,10,11,12,13,15,16,24,25, 26,27
Footwear
1,2,3,9,10,11,12,13,28
Foreclosures, real estate
6
Foundry equipment
30
Freight cars (equipment)
35,36
Freight carloadings, cars, indexes
21
Freight-car surplus.
,
21
Fruits and vegetables
3,25
Fuel equipment and heating apparatus
30
Fuels
1,2,3,32,33
Furniture
_ 1,2,3,9,11,12,29,30
Gas, customers, sales, revenues
24
Gas and fuel oils
33
Gasoline
33
Gelatin, edible
_
___
27
Glass, and glassware..,. 1,2,9,10,11,12,13,15,34
Gloves and mittens
28
Gold
16
Goods in warehouses
,
6
Grains
3,17,18,25,26
Gypsum
34
Hides and skins
3,27
Highways, and grade crossings, Federal aid. _
5
Hogs
_
26
Home-loan banks, loans outstanding
6
Home mortgages
5
Hosiery
__
3,34
Hotels
10,12, 21
Housefurnishings
3, 6,7
Housing
3,4
Illinois, employment, pay rolls, wages
10,11,13
Immigration and emigration
21
Imports
20
Income payments
1
Income-tax receipts
.17
Incorporations, business, new
.
16
Industrial production, indexes
1,2
Instalment loans
15
Instalment sales, department stores
8
Insurance, life
15,16
Interest and money rates
.
14
Inventories, manufacturers'
2
Iron and steel, crude, manufactures
2,
3,8,9,11,12,15,16,29,30
Kerosene
33
Labor, turn-over, disputes
11
Lamb and mutton
26
Lard
.
26
Lead_
30
Leather
1,2,3, 9,10,11,12,13,15, 27, 28
Linseed oil, cake, and meal
23
Livestock
1,3,26
Loans, real-estate, agricultural, bank, brokers'
(see also Consumer credit)
5, 6,14,17.18
Locomotives
36
Looms, woolen, activity
35
Lubricants
33
Lumber
1,2,3,8,9,11,12,15,28
Machine activity, cotton, wool
35
Machine tools
12,13,30
Machinery
1,2,8,9,10,11,12,13,15,16,30
Magazine advertising
_
^
6
Manufacturers* orders, shipments, inventories
2
Manufacturing production indexes
I, 2
Maryland, employment, pay rolls
10,11
Massachusetts, employment, pay rolls,
wages.
10,11,13
Meats and meat packing. 1,2,3,9,10,11,12,13,26
Metals
1,2,3,8,9,10,11,12,13.16,29
Methanol
-.
----22
Milk
24, 25
Minerals
- 1,2,10,12
Naval stores
22
New Jersey, employment, pay rolls, wages
10,
Newspaper advertising
Newsprint
*
i
6
31,32
Pages marked S
New York, employment, pay rolls, wages.. 10,11,13
New York canal traffic
21
New York Stock Exchange
18,19,20
Oats
25
Ohio, employment, pay rolls
10,11
Oils and fats
3,22,23
Oleomargarine
23
Orders, new, manufacturers*
2
Paint and paint materials
3,10,12,13,23
Paper and pulp... 1, 2,4, 9,10,11,12,13,15,31,32
Passports issued
21
Pay rolls:
Factory, by cities and States
11
Factory, by industries
11
Nonmanufacturing industries
12,13
Pennsylvania, employment, pay rolls, wages10,
Petroleum and products
1,
2,3,9,10,11,12,13,16,33
Pig iron
29
Porcelain enameled products
30
Pork
26
Postal business
6
Postal savings
14
Poultry and eggs
1,3,26
Prices (see also individual commodities):
Retail indexes—
3
Wholesale indexes
3,4
Printing
1,2,9,10,11,12,13,15,32
Profits, corporation
16,17
Public relief
.
„
1
3
Public utilities
4,10,12,16,18,19,20
Pullman Co
21
Pumps
30
Purchasing power of the doll ar
4
Radiators
_
_
29
Radio-advertising
6
Railways, operations, equipment, financial
statistics, employment, wages
10,
13,16,17,18,19,20,21,35,36
Railway, street (see Street railways, etc.).
Rayon
1,2,3,9,10,11,12,13,35
Receipts, U. S. Government
17
Reconstruction Finance Corporation, loans.
17
Rents (housing), index
3
Retail trade:
All retail stores, sales
7
Chain stores
7
Department stores
7,8
Mail order
8
Rural, general merchandise
8
Rice
._
25
River traffic
21
Roofing, asphalt...
33
Rubber products.
2,4,9,10,11,12,13
Savings deposits
14
Sheep and lambs
26
Shipbuilding
12,13
Shipments, manufactures
2
Shoes
1,2,3,9,10,11,12,13,28
Shortenings
23
Silver
16
Skins
_
27
Slaughtering and meat packing
1,
2,9,10,11,12,13,26
Soybeans and soybean oil
23
Spindle activity, cotton, wool
34,35
Steel and iron (see Iron and steel).
Steel, scrap
29
Stockholders
20
Stocks, department store (see also manufacturers' inventories)
8
Stocks, issues, prices, sales, yields
18,19, 20
Stone, clay, and glass products
1,
2,9,10,11,12,13,15,33,34
Street railways and busses
10,12
Sugar
27
Sulphur
22
Sulphuric acid
22
Superphosphate
.
22
Telephone, telegraph, cable, and radiotelegraph carriers
10,12,16, 22
Textiles..
1,2,3,9,10,11,12,13,15,34,35
Tile
__
33
Tin
30
Tobacco
1,2,9,10,11,12,13,27
Tools, machine
12, 13,30
Trade, retail and wholesale.
7, 8,10,12,15
Transit lines, local
21
Transportation, commodity and passenger 20,21
Transportation equipment
1,
2,9,10,11,12,13,15,35,36
Travel
_
21
Trucks and tractors, industrial, electric
36
United States Government bonds
19
United States Government,
finance
17,18
United States Steel Corporation.
_ 20, 29
Utilities
4,10,12,15,16,18,19, 20
Variety-store sales index
7
Vegetable oils...
_
22
Vegetables and fruits
3,25
Wages, factory, and miscellaneous
12,13
W ar program and expenditures
17
War Savings bonds
17
Warehouses, space occupied
6
Waterway traffic
21
Wheat and wheat
flour
25,26
Wholesale price indexes
3,4
Wisconsin, employment, pay rolls, wages
10,
11,13
Wood pulp
4,31
Wool and wool manufactures
1,2,3,9,10,11,35
Zinc
.
30
Now Available—
1942 Supplement
to the
Survey of Current Business
TEXTILE PRODUCTS—CLOTHING AND COTTON
COTTON (EXCLUSIVE OF LINTERS)
CLOTHING
Production
Prices*
Hosiery'
Stocks, world, end of month*
American cotton
YEAR ARC MOUTH
Production
Stocks,
end o f
month
Shipments
Consumption*
Exports 3
Bales'
Thous. of dozen pairs
1913 monthly av,
1914 Monthly *v<
1915 monthly av,
1916 monthly av.
1917 nonthly av.
1918 monthly av,
1919 monthly av,
1920 monthly av,
1921 monthly av,
1922 monthly av.
1923 monthly av,
1924 monthly av,
1925 monthly av,
1926 monthly av,
1927 monthly av,
1928 monthly av,
1929 monthly av,
1930 monthly av,
1931 monthly av,
1932 monthly av..
1933 monthly av,
1934 monthly av,
1935 nonthly av..
1936 monthly av,
1937 monthly av,
1938
January..
February.
«6,743
*7,594
'8,741
8,961
*8,981
*9,246
*9,669
'9,711
8,607
9,294
10,218
10,554
*8,274,
•8,429
P
8,574 '"15,759
8,619 17,766
9,272 18,661
10,225 19,662
10,502 22,000
8,843 8,464
9,481 10,109
Imports*
454,064!
500,749
551,701
567,984
514,712
493,293
486,933
450,566
507,294
543,444
460,139
536,044
556,971
617,085
547,673
687,491
448,149
453,655
418,084
517,550
451,595
470,889
591,980
618,166
712,326
506,556
676,868
558,057
364,253
330,611
544,352
509,289
532,125
601,278
435,293
554,455
696,832
743,029
766,562
711,996
618,145
539,505
570,880
743,036
696,121
479,429
488,378
450,712
477,334
MidEquivaRe- i dling
lent
15/16", Running
ceived
500
average
pound
farm- for 10 bales
bales
ers markets
In the Unitstf States
Tote I
Total
22,020 433,258 647,481 6,450
21,499 426,866 398,744 18,797
0.127
10
.114
.096
.143
.228
.309
.316
.334
.141
.205
.286
.278
.231
.166
.169
•195
•186
.132
.082
.063
.065
.124
.121
.123
.118
*13,983
e
15,906
«ll,068
*11,364
«11,24S
*ll,906
*11,326
*13,271
«7,978
*9,72S
*10,17l
*13,639
«16,12G
*17,7S5
7
•12,783
*14,297
•14,548
*13,756
•16,629
*12,710
«12,664
*9,472
f
10,420
*12,141
*18,252
.090
.093
Mills
foreign
countries
5
17,644
•078
•080
farms Wareand in houses
transit
Thousands of bales7
Dol. per pound
17,497 0.125
26,449 .084
33,798 .095
32,064 .156
22,689 .244
18,781 .297
29,226 .321
.254
23,158 .135
31,030 .208
31,228 .280
26,754 .239
26,113 .209
30,232 .133
34,268 .179
28,673 .181
37,213 .174
21,396 .104
10,217 .061
11,291 .081
12,307 .066
11,804
.123
R,401
.112
14,081 •122
19,702
On
Total
l4,15(5
*IG,135
fl
ll,460
^12^011
S
135,44U|'
"11,185
«7,954 i;
14,3G9
"1O,C29
"6,815
13j623 "5,637
0
16,104 " 6 , t o 2
*17,977 '"9,435
fi
i2,356 :2 25,€07
^14,478 21,321
e
14,Q25 21,622
«13,932 23,112
e
17,096 28,616
8
13,002 28,657
* 3 0 7 28,834
,637 28,013
e
10,638 26,7(50
8
12a93 27,424
30,3^10
35,9118
33,800
"6,333
" 9,674
"5,680
"3,318
"2,711
"13,283 "13,649
13,356
10,584
13,712
9,347
11,613
8,362
11,225
8,181
12,469
9,776
16,317
13,228
18,885
14,878
17,635
13,675
15,273
11,906
13,683
11,423
12,579
10,458
14,396
12,121
18,627
17,826
15,675
14,850
"8,648
5,222
3,685
3,828
3,577
3,4-47
5,050
4,940
4,098
2,850
3,024
2,681
'4,315
4,005
4,128
3,278
3,232
4,970
6,985
8,589
8,234
7,745
7,407
6,350
6,224
1,306
1,491
1,256
1,322
1,359
1,192
1,349
1,343
1,311
996
1,228
1,581
2,183 11,776
1,645 11,439
1,716
1.766
2,772
4,336
3,044
2,634
3,090
4,007
3.961
3.373
2,233
2,121
2,274
The SUPPLEMENT contains:
•
•
•
•
•
The historical record of the statistical series carried in the regular monthly issues of the SURVEY.
All revisions of the data.
Complete descriptive notes explaining the precise coverage and import of each series.
Monthly statistics for 4 years, 1938-1941, and annual statistics, where available, back to 1913.
Over 2,400 series of data reported by government agencies, trade associations, technical publications, and private
organizations.
The new 1942 SUPPLEMENT is indispensable to all users of the monthly issues of the SURVEY, as well
as to research workers, libraries, government officials, businessmen, and others who require a sourcebook of essential statistical data.
ORDER YOUR COPY MOW!
From
Superintendent of Documents
Government Printing Office
Washington, D. C.
Price
- 5 0 cents
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