Full text of Survey of Current Business : January 1941
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JANUARY 1941
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
VOLUME
2'
NUMBER 1
INDUSTRIAL REFERENCE SERVICE
The Bureau of Foreign and Domestic Commerce
a n n o u n c e s Industrial Reference Service
.' This service was inaugurated to provide comprehensive current data thai can. be maintained for easy reference
It consists of a series of reports,. Issued in 14 sections by commodity groups. These reports cover important commodity .and industrial developments in the United States and foreign countries. Their subject range includes data
on production, distribution, prices, standards and specifications, export and import trade, foreign tariffs and
regulations as applied to specific commodities, the results of domestic market research,* and foreign market surveys.
The 14 parts into which the Industrial R?»erence Service is divided art:
CHEMICALS AND ALLIED PRODUCTS
Indiana!
chemicals and allied products, orgoi
cii*r :ccl prrducts,
and toiletry products; plastics, piints one1 al .J prod act*
MOTIVE PRODUCTS AND EQUIPMENT, Part 9: Aeronautical
products, runway equipment; motor vehicles, including cycles and
ELECTRICAL PRODUCTS. Part 2: S^c.u •: -.».{ .-crrnup;ca-
RUBBER AMD ITS PRODUCTS, Part 10: Crude and synthetic
rubber rubber marni'uctures.
tion products.
FOODSTUFFS, Part 3 : Ccr.ne^ an^ ^ - ^ d ic-ci? .jr-'n r^oducts,
including horticultural; meats; ]r*f stock; fats* ^i!s, »uy»r product?;
tropical products; perishable protects.
FOREST PRODUCTS, P a r t 4: Lairb?: m a
\ '*» -. :jr..ducts; pulp
mntine,
hujhwuy jxod'>ictf»
STONE, CLAY AND GLASS PRODUCTS, Part 11: Stone; glass;
putter: end o*her clay products,
LEATHER AND ITS PRODUCTS, Part 0- ^ i:fcek ra v materials
leather and leather manufactares
TEXTILES AMD RELATED PRODUCTS, Part 12: Cotton manufactures, kr.it >joods raw cotton* waste and Hnters; silk, rayon, and
synthetic f'bei products, wearing apparel; furs; textile specialties;
woo*, floor coverings, liners. laces,
MACHINERY AND EQUIPMENT, Part « M - i ^ W u d , ecu™
struction and conveying: metal /,'orkm^j otr*e» n.^ustnal, powei
generating, except electrical, bookbuidinq pimtnu, toitile shoe;
sewing; coin operated; offica supp:;es and ftquipmei:.
TOBACCO AMD ITS PRODUCTS, Part 13-. Leaf tobacco;
tobacco IT an vie* duxes* cigars and cigarettes; snuff; nicotine; extiacts, flavors,
and paper products; cork.
METALS AND MINERALS Part 7: Iron *nd steel ioreiqn Cvinstruction; fuels; hardware; nonft^rrous medals; Donmc-tallic mineia's.
MOTION PICTURES AND EQUIPMENT, Part 8: films,
cameras; projectors; sound equipment, educate iia? ar.a industrial
motion pictures; film markets.
SPECIAL PRODUCTS, Part 14: Amusement, athletic, and sporting
goods; firearms; musical instruments; brooms; brushes; toilet wares;
lire extinguishers and safety devices; graphic arts; jewelry; mortuary;
notions and novelties; scientific and professional goods; optical
goods; photographic materials; toys.
The Industrial Reference Serv^e is uistrsbu**'] pumnniy tarougn annvai aubscriptior. The entire service 14 parts, is available at $15
per year. Single parts are availanle at $1 pei yea: except Machinery and Foodstuffs whirh are $2 per year and Chemicals which is $4
per year. Subscriptions may be entered rot the entiie service, for a siirjk* part, or lor any combination oi parts. Single copies of individual
reports are available at 10 cents each. Eat a repot! a- uT-vted *n standaid format paper size is 8'v x 11 inches, punched for a standard threering binder. Binders are not available through the Buruc a ol Foreign and Donesiic Commerce bat may be obtained from most office supply
firms. The first mailing of matexia* was O *toi>or 29, iO4il Thereafter material comprising each oi the 14 parts was mailed, when available,
on Tuesdays. Those who subscribe to the whole service- 14 parts, do, therefore, receive some material each week. On the other hand,
those who subscribe to a single parf or to tw».. oi nirec- pat*ti. do not necessarily ieceive material e\erv v/eek. However, all material received
by the Bureau for inclusion in an.v port or tii* ^c-rvtoe •- edited and released as rapial/ <is possible
• 'SUBSCRIPTION REMITTANCES, by check or money order payable to the Bureau oi Foreign and Domestic Commerce,
should be forwarded to the Bureau in Washington. The service is NOT available through the Superintendent of Documents.
UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CARROLL L. WILSON, Act in a Director
SURVEY OF
CURRENT BUSINESS
A publication of the
DIVISION OF BUSINESS REVIEW
MILTON GILBERT, Editor
JANUARY 1941
Volume 21
Number 1
CONTENTS
The business s i t u a t i o n .
New orders r e m a i n h i g h .
L u m b e r industry review.
Paper i n d u s t r y survey .. .
SPECIAL ARTICLE
The Electric Power Industry and t h e Defense Program
CHARTS
Figure 1.—Monthly business indicators, 1936-40.
Figure 2.—Indexes of t h e value of m a n u f a c t u r e r s ' inventories, 1939
and 1940
Figure 3.—Index of iron and steel production, adjusted for seasonal
variations, 1936-40
Figure 4.—Value of exports of U. S. merchandise, by selected Commodity groups, 1938-40
Figure 5.—Softwood l u m b e r production, .shipments, and new
orders, 1940.
Figure 6.—Hardwood l u m b e r production, s h i p m e n t s , and new
orders, 1940
Figure 7.—Production and new orders of paper, excluding newsprint and paperboard, 1936-40.
Page i
Page
3
Figure 8.—-Production and i m p o r t s of wood pulp, 1936-40.
10
3
Figure 9.—Total kilowatt-hours generated and total generating
capacity, 1926-40
11
Figure 10.—Kilowatt-hours of electricity sold to principal c o n s u m i n g
groups, 1927-40
13
Figure 11.—Energy used by various domestic electric appliances,
1924-39
14
Figure 12.—Household e q u i p m e n t ownership by income groups,
1935-36.
14
STATl STICA L DATA
New or revised series:
Table 1.—Petroleum and petroleum p r o d u c t s .
17
Table 2.—Machine-made glassware
17
Fable 3.—Wholesale price of g u m rosin.
17
Table 4.—-Purchasing power of the dollar
18
Table 5.-—Index of cost of living and of food c o m p o n e n t
18
Table 6.—-Wholesale price of gasoline, t a n k wagon, New York
18
Tah!o 7.—Index of wholesale prices of l u m b e r
18
Table 8.-—Production of lard in Federally inspected p l a n t s
18
Monthly Business Statistics
19
(Jeneral Index
Inside back cover
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS $2 a year. Single-copy price: Monthly, 15 cents; weekly, 5 cents.
Foreign subscriptions, 33.50. Price of the 1940 Supplement is 40 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
2X1788 41 — 4
1
SURVEY OF CURRENT BUSINESS
January 194 L
Monthly Business Indicators, 1936-40
INDUSTRIAL PRODUCTION
INCOME PAYMENTS *
100
140
(1929= 100)
k
80
70
60
,
! I I 1 i 1 1 1 M 1 1 1 1 !11 1
1 1 1 1 1 1 1 1 II
MM!
1936
1937
1938
,,,,,,
1939
1940
1936
1937
CASH INCOME FROM FARM MARKETINGS
100
70
60
CAR LOADINGS"
( 1 9 2 3 - 25 = 1 0 0 )
J
\
—\L—
w
1 1 II 1 1 1111
1 iII
i11111 11 II 1 II 1 II II 1
1 II II 1 II II 1
1937
1938
1939
60
,
,
40
1936
1940
1938
80
(ADJUS TED)
40
FACTORY PAYROLLS-*
(UNADJUSTED)
20
I I I I I I I I I I I I I U, LI i I i 1 1 1
1938
DEPARTMENT STORE
1939
w
\
J
1 1 1 1 1 [ M i l l1
_:.f^~
RESIDENTIAL BUILDINGS
1 1 1 I 1 1 II 1 1
1937
SALES
100
1938
I
^ V
/
70
1937
1938
1939
194-0
1940
WHOLESALE P R I C E S
80
1936
1939
(1926 = 100)
90
60
/
A/
1936
1940
80
1940
\ A A
60 \
80
1939
CT/ON^A
TOTAL CONSTRU
-FACTORY t 'MPL0YMEN1
100
,
A
(VALUE, 1 9 2 3 - 2 5 = 1 0 0
3-MONTH MOVING AVERAGE)
120
1937
1937
,
CONSTRUCTION CONTRACTS AWARDED
(1923- 25 = 100)
1936
:
80
FACTORY EMPLOYMENT AND PAYROLLS
60
1940
i
|
/
1936
140
1939
100
90
80
FREIGHT
120
( 1 9 2 4 - 2 9 = 100 )
1938
i M M 111
1936
*" ADJUSTED hOR SEASONAL VARIATIONS
Figure 1.
1
' ' ' ' li1
1937
|
J
i
|
|
1 1
ill II 1 II 1 1l 1
1938
!
1 1 1 1 ! 1 I 1 1 1 1 1 1 1 1 1 1 1 M
1939
1940
January 1941
SURVEY OF CURRENT BUSINESS
The Business Situation
closed its best year in a decade with
BUSINESS
operations at a record level and the outlook for a
further rise in the coming year unusually favorable.
Expanded consumer incomes created the largest physical volume of trade in December ever achieved, while
in the realm of production few industries experienced the
usual end of year reduction in activity. The absolute
gain in output, like that in November, was small, as
a substantial advance was rendered difficult by an absence of unused plant and equipment in certain key
durable goods industries.
Meanwhile, November reports show that demand in
many lines continued to outrun production as new orders exceeded shipments, and unfilled order backlogs
increased substantially for the sixth consecutive month.
The construction industry did not experience its usual
seasonal let-down as the volume of contract awards
remained high for virtually all types of building. Under the pressure of the general advance, electric power
output in December rose more than seasonally to establish a new monthly record. In the export field, shipments remained below the volume that might have been
anticipated from the unusually heavy war demand,
though the total was very high when compared with the
average of the past decade.
So far as the economic outlook is concerned, however, the President's address to the Nation at the year
end had more important implications than any of
December's strictly business news. While devoting
most of his attention to the international situation
and its meaning for this country, President Roosevelt
stressed three economic requirements for the successful prosecution of the defense program. First, he
called upon labor and management to settle voluntarily
any differences which might arise without interrupting
production. Second, he made it clear that a rise in
prices and the cost of living must be prevented.
Third, he called for boldness and vision in approaching the problem of capacity.
Since this last factor must hold a primary place in
one's appraisal of the economic situation the President's
words are of unusual importance. He said:
We must have more ships, more guns, more planes—more of
everything. And this can only be accomplished if we discard
the notion of "Business as usual." This job cannot be done
merely by superimposing on the existing productive facilities
the added requirements of the Nation for defense. Our defense
efforts must not be blocked by those who fear the future consequences of surplus plant capacity. The possible consequences
of failure of our defense efforts now are much more to be feared.
And after the present needs of our defense are past, a proper
handling of the country's peace-time needs will require all of
the new productive capacity—if not still more. No pessimistic
policy about the future of America shall delay the immediate
expansion of those industries essential to defense. We need
them.
New Orders Remain High.
Though production in the past 2 months increased
at a slower pace, demand for industrial commodities
remained very high. During* November, the Department of Commerce index of manufacturers7 new orders
declined less than 4 percent to 166 (January 1939= 1.00).
In October the index had been 172 and in September
164. The reduction occurred chiefly in the industries
producing consumers' goods and was partly seasonal in
character. Some durable goods industries, including
electrical machinery and iron and steel and their products, received a larger volume of new business. In none
of the durables was the decline very great.
This small reduction in new orders was not unexpected, for the volume in September and October
was extremely large as a result in part of a substantial
amount of forward buying. On the other hand, it
should be remembered that the index does not include
shipbuilding or aircraft firms, the two groups which, have
received about 68 percent of the defense contract
awards thus far made. Some of these contracts, however, now appear in the index in the form of orders or
subcontracts for raw materials or parts of the finished
commodity.
Shipments Show Divergent Movements.
Total value of manufacturers' shipments continued
to show little change, increasing less than 3 percent from
September to November. Durable goods, however,
moved in enlarged quantity, while shipments of nondurables again decreased by a small amount. Transport equipment, machinery, automobiles, rubber products, and iron and steel and their products all were
shipped in larger volume, though the gain was much less
than in previous months. Food and textile mill
products both declined, the result of seasonal factors.
Though the total movement of goods did not increase much after September, the gain in shipments
made out of current production has undoubtedly risen
to a greater extent. The marked rise in September
shipments reflected in part a movement of goods out of
finished goods inventory. As this could not continue,
the maintenance of the large volume of shipments was
dependent upon an increase in production. That the
movement of goods in November was very heavy may
be appreciated by comparing it with that of a year ago
or with the pre-war period.
Despite the decline in new business during November, new orders in the durable goods industries
4
SURVEY OF CIRHENT BTS1NESS
January 1941
(excluding shipbuilding and aircraft) were approxi- perhaps bears repeating that such an inventory gain is
mately 40 percent hi excess of shipments. The rise in not to be regarded as an adverse development under
unfilled order backlogs thus continued for the seventh present circumstances, for the expansion engendered
consecutive month, the 14 percent increase recorded in. by the defense program will eventually require the
November advancing backlogs of the corporations re- stocks now being accumulated. Only if stock accumuporting to the Department of Commerce to more than lation by some linns deprives others of goods needed
double the April total.
for current operations is the movement likely to cause
difficulties.
Inventory Accumulation Extended.
Manufacturers extended their accumulation of inventories in November, the gain duplicating the October
movement both in magnitude and in diameter. The
Department of Commerce index (1939 = 100) advanced
from 115.8 to 11.7.7 in the month; this rise represents
1939 = 100
125
90
1939
1940
Figure 2.—Indexes of the Value of Manufacturers' Inventories, 1C>3{) and
1940 (U. S. Department of Commerce, Bureau of Foreign and Domestic
Commerce).
Prices Little Changed.
Continuance of heavy purchasing from August to
November had led to a rise in prices which, while
rather small in the aggregate, was quite substantial in
the. case of certain individual commodities. The advance, however, was largely arrested during the final
(> weeks of the year. The index of 28 basic commodity
prices stood at 1 IS.6 (August 1939=100) on December
31 as contrasted with 118.0 on November 19. A divergent movement appeared in the components, aaricultural and foodstuff prices rising slightly to compensate1 a decline of almost similar- magnitude in the prices
of industrial raw materials. The more inclusive Bureau of Labor Statistics' weekly index of 887 commodities also showed little change, advancing from 79.7 at,
the end of November (1920=100) to 79.9 for the week
of December 28.
Retail prices have experienced small but diverse
(rends in the latter part of 1940. Retail food prices,
which averaged slightly higher than in 1939 but lower
than other years in the decade except 1932-34, receded
from a high of 98.3 (1935 39 = 100) in June to 95.9 in
I November. On the other hand, department store
prices, as represented by the Fairchild index, rose from
92.9 in August to 93.7 at the first of December, the
highest level since 1937. However, the net result of
these and other changes, was a decline in the cost of
living in large cities during both October and November. In the latter month the Bureau of Labor Statistics' new cost of living index stood at 100.1 (1935-39 =
100), as compared to the 1939 average of 99.4.
Production Gains Limited.
an addition to stocks in the neighborhood of 200 million
Although the rate of increase in industrial production
dollars and brought total accumulation since the end of had been considerably slowed during the final months of
August to about 500 million dollars. Only a few non- the year by capacity limitations in many industries, the
durable goods industries reduced their inventories. The continuing pressure of demand prevented the usual
largest gains continued to be registered by those durable November-December seasonal decline. As a result
goods industries that are currently expanding produc- the Federal Reserve adjusted index of industrial
tion greatly in response to defense demand. Thus, the ! production moved into new high ground each month.
largest accumulation occurred in the transportation From 129 in October it reached 133 in November and
equipment group, which includes producers of ships, about 13(> in December. This represented a gain of
aircraft, and railway equipment, where value of inven- 10 points from the December peak of 1939. For the
tories increased 8 percent in November arid 10 percent year as a whole the comparison with 1939 is even more
in October. Smaller accumulation, but still of large favorable; the monthly average in 1940 was 122 as
proportion, was made in industries producing machinerv against 108 a year earlier.
and iron and steel and their products.
Steel output remained virtually unchanged in DeeemThe advance again was larger than that required her from, the previous month as shown in figure 3.
solely for the rising rate of production. .However, it The industry operated continuously (with allowance for
SURVEY OF CURRENT BUSINESS
January 1941
the holiday) at 96 to 97 percent of capacity. Early in
December accumulated production for the year passed
the 1929 tonnage of 60,830,000, which had been the
largest annual output on record. During the month a
leading firm in the industry announced plans for the construction of new furnace capacity of 850,000 tons.
Bituminous coal production declined as it normally
does at this time of year, but the reduction was less
than usual. A similar situation prevailed in the automobile industry. December output was about 4(>S,000
cars, 4 percent less than the previous month. This
was a larger volume than originally had been planned,
but continued strength of consumer demand led to a
revision of production schedules. Total United State's
production for the year was 4,454,000 units, surpassed
only in 1937 and 1929. The cotton textile industry
usually curtails activity in December, but December
output this year advanced over that in November.
Among the industries having an upward seasonal adjustment, machinery and crude petroleum scored
greater than usual gains. Output in both the paper and
the lumber industry, the recent developments of which
are discussed in more detail below, declined slight Iv.
(1935-39=100)
150
100
!
i
;
^A
0m
f*%
0y
~f I XT
V Ay
J
50 —
O
1
- ~-
M M . I M . M
1936
V " **/
,,, , , ! , , , , ,
1937
m
|
1
|
1938
\ •
!
U I I 1
i|
1939
!>..,•
[.MM
1940
must be viewed in contrast to the usual experience
which is for a sharp seasonal decline.
Largest gain was in the manufacturing industries,
where the addition of 51,000 workers raised the adjusted index from 107.6 in October to 110.2 in November. Employment in these industries usually declines
by 150,000. Gains were widespread, 110 of the 157
industries surveyed by the Department of Labor
reporting more workers and 91 showing larger pay
rolls. A more substantial rise than usual at this time
of year was reported by retail- and wholesale-trade
establishments, while workers on construction projects
increased contraseasonally. The largest seasonal decline occurred in the transport Held.
Income Payments at Annual Rate of 76.6 Billion Dollars.
Increased labor income continued to show the
largest advance in an expanded rate of income payments. In November, salaries and wages advanced
1.5 percent to the highest rate since April 1930. This
and smaller gains in rents and profits more than offset
a small decline in farm income and raised the adjusted
index of total income payments to 93.4, equivalent to
7<>.6 billion dollars on an annual basis.
Though farmers' cash income from marketings was
slightly lower in November than in the preceding month,
it still ran in excess of the similar period in 1939. The.
drop was attributed to a lower income from marketing
crops, particularly cotton, tobacco, and wheat, all of
which have suffered a loss of export markets. As yet
the farming community has realized few effects from
this loss, for the government loan program has acted,
to stabilize prices and farm income has remained high.
However, price1 stabilization has been accomplished
only at the expense of a large stock surplus.
Figure 3.—Index of Iron and Steel Production, Adjusted for Seasonal
Variations, 1936-40 (Board of Governors of the Federal Reserve System).
Record December Trade.
Electric power output continued to rise in December,
weekly production approaching; a peak of 3 billion kilowatt-hours and output for the month exceeding that
in November by 7 percent. Though freight earloadings again declined, the drop was slightly less than
seasonal, advancing the Federal Reserve adjusted,
index to the highest point since the spring of 1937.
In response to increased industrial activity, less-thancarload shipments were reduced by only half the usual
seasonal amount. Heavy loadings of forest product offset a sma.ller-than-seasonal gain in coke shipments. < 1oa I
loadings declined contraseasonally while other ca tegories
followed the customary trend for this time of year.
Gontraseasonal Advance in Employment
For the first time in many years employment in
nonagricultural industries did not decline in November,
nearly 40,000 workers being added to pay rolls in the
month. Though this is a smaller increase than had
occurred in the immediately preceding months, it-
The higher income of recent months produced the
largest quantity of Christmas trade.1 on •record as was
generally anticipated. Dollar sales of department
stores in the 4 weeks ended December 28 exceeded those
of the previous year by 10 percent, and though they
were still about 8 percent uruler December 1929 this
difference is more than offset by the lower prices now
prevailing. Variety chain-store4 sales reached a new
high mark, while rural sales of general merchandise
achieved a greater than seasonal gain, the autumn rise
in bum income pushing the latter ahead. Retail sales
of passenger cars continued to run vory much in advance of those a year ago, and gains were well distributed throughout other trade channels. For the
year as a whole, retail trade is estimated to have been
about 7 percent greater than in 1939. As trade in the
latter year totaled $42,024,000,000 according to the
report of the Bureau of the Census, sales in 1940 should
have been approximately $45,000,000,000, only 3.5
billion less than the 1929 record.
6
SURVEY OF CURRENT BUSINESS
Unusual Volume of Construction.
A high rate of construction activity continued to
lend support to industry and trade in December.
That any seasonal let-down came from weather conditions and not a lack of demand was evident from the
large volume of contract awards. The F. W. Dodge
Corporation reported 380 million dollars in November
for 37 states, practically the equivalent of the previous
month. A 20 million-dollar increase in public awards
contributed to maintaining the large volume. This
type of construction has been rising steadily since
August and now comprises more than 50 percent of the
total. The direct influence of defense may be appreciated from the fact that 109 million dollars of awards
were made for projects to be financed and owned by the
Government in connection with the defense program.
Residential construction awards equaled the August
total, the largest since July 1929. A less than seasonal
decline in private awards combined with a large increase
in public contracts to raise the total volume to 153
million dollars. Another important gain was that in
contracts awarded for factory construction. These
were 79 million dollars in November, which compared
with 47 million dollars in October and an average of
27 million dollars for the first 9 months of 1940. Largest
decline was in the award of public works contracts.
Decrease in Exports.
The volume of exports declined slightly in November
as a result of reduced shipments of certain commodities
which are currently in great demand for defense purposes. The aggregate value of exports was 321 million
dollars, 15 million dollars less than the value of shipments in October and 3 percent under the average for
the first 10 months of 1940. It now is evident that
total exports for the year will exceed 4 billion dollars,
about 30 percent more than in 1939. Imports will total
about 2.6 billion dollars, leaving an export balance of
approximately 1.4 billion dollars, the largest since 1921.
Unlike the decline in September, the November reduction did not extend to the whole list of commodities.
Exports of metal-working machinery reached a new record of 28 million dollars, more than three times the volume
in November 1939. Small gains were also recorded in
shipments of industrial chemicals and in firearms, ammunition, and explosives. Agricultural exports again
were reduced as shipments of unmanufactured cotton
fell to one-fourth of those a year ago. But the most
significant declines were in aircraft, iron and steel, and
nonferrous metals, for all of which export demand remained high. Shipments of the former were 27 million
dollars, little above the average for the year to date,
while the movement of iron and steel was reduced to
the level of the early summer.
In spite of the relatively large gain in exports for the
year as a whole, they have recently failed to exceed the
mid-year volume or to regain that attained early in the
year. At the first of the year large shipments of agri
January 1941
cultural commodities helped lift total exports to a peak
for the war period. By June agricultural exports had
been reduced to one-third of the January volume, but
increased shipments of war materials offset most of the
decline. Exports of these commodities to the United
Kingdom and the Empire countries were expected to
continue their advance in the fall, raising the total to a
new peak. As shown in figure 4, however, shipments of
EXPORTS
MILLIONS OF DOLLARS
60
40
MILLIONS OF DOLLARS
30
NONFERROUS M E T A L S
30
20
~ /J
x/
10
VAA
w
* »
i
0
40
FIREARMS, AMMUNITION,
AND EXPLOSIVES
INDUSTRIAL CHEMICALS
30
20
10
2
0
0
30
COTTON, UNMANUFACTURED
TOBACCO UNMANUFACTURED
40
1
40
^
ZA
-,
\viA i
2 0 |V-A.-Io
350
30
TOTAL AGRICULTURA L
T O T A L NONAGRICULTURAL
EXPORTS
.
125
EXPORTS
100
300
J
250
200
\
^
150
!
1938
1939
1940
hi
A
!
I
•
1
1
1
1938
M
•
!
1939
V-
\
75
50
25
1940
,!:i>\A.:
Figure 4.—Value of Exports of U. S. Merchandise, by Selected Commodity
Groups, 1938-40 (U. S. Department of Commerce, Bureau of Foreign
and Domestic Commerce).
aircraft, nonferrous metals, industrial chemicals, and
firearms, ammunition, and explosives were actually
smaller on the average in September, October, and
November than they were in the preceding 3 months,
while those of iron and steel manufactures remained
virtually unchanged. In the case of aircraft, firearms,
ammuition and explosives, shipments in the early
summer were swelled by a large transfer of surplus
stocks. Shipments out of current production have increased since then, though at a rather slow pace,
SUKVEY OF CURRENT BUSINESS
January 1941
As the large backlog of orders from the United Kingdom indicates that there has not been a slackening of
demand, the failure of exports to rise gives further evidence that our chief problem at the moment is one of
creating capacity in many industries.
occurred again in October and November. Thus the
chief effect of the war has been indirect, exercised since
May of this year through its influence on the general
level of domestic business activity and on construction.
Further Rise in Bank Loans.
Lumber production in the first 6 months of 1940
was 6 percent larger than that of the same period in
1939. Production ran slightly in excess of demand
during the period, so that by the end of June total mill
stocks were increased 113 million feet over the October
1939 low of 7,464 million feet. After June, however,
this situation was rapidly reversed. Inauguration of
the defense program immediately advanced demand
very substantially. New orders flowed in increasing
volume, reaching a peak in the latter part of August
and despite some decline in the next 3 months, remaining very large to the end of the year. Thus, orders
received in the 4 months from August through November were approximately 25 percent greater than those
received from March through June. Order backlogs
mounted during the whole period and at the end of
November were approximately equal to 5 weeks production. Shipments and orders were in excess of production. Stocks declined steadily by some 891 million
feet from June to the end of November.
For the year as a whole production was about 27
billion feet, imports 700 million feet, and consumption
29 billion feet, leaving a reduction of 1.3 billion feet in
stocks of mills, wholesalers, and retailers. Lumber
stocks in the hands of these groups at the end of
November were estimated to be nearly 13 billion feet
and were distributed as follows: Sawmills, 6.7 billion
feet; wholesalers, 1.5 billion feet; and retailers 4.5
billion feet. These stocks are considered adequate
insofar as the total is concerned. However, the depletion was particularly heavy in selected grades and
sizes, making the supply situation difficult- at certain
times in the fall months. Government, orders were
voluntarily given priority by most mills where necessary to meet the immediate needs required by the
expansion of the army.
Rising business activity continued to expand business loans in December, those reported by Federal
Reserve member banks in 101 cities increasing 105
million dollars in the 4 weeks from November 27 to
December 25. This was a gain three-fourths the size of
that made in the preceding 4 weeks. It lifted the total
of business loans to 553 million dollars above the
volume at the latter part of August when the present
upward movement began. Loans made to business by
the Reconstruction Finance Corporation in connection
with the defense program also advanced. At the end
of November these were 51 million dollars.
As bond prices maintained their relatively high level,
security notations increased over those in November,
though they did not attain the high October volume.
The chief gain again occurred in refunding issues. The
substantial additions to plant and equipment now
being made in many industries raised new capital issues
by industrial corporations to the highest point of the
year.
Stock prices fluctuated within a narrow range, the
Dow-Jones average on December 31 closing the month
at virtually the November level with no appreciable
change in any group.
Lumber Industry Review *
Lumber consumption in 1940 approximated 29 billion board feet, the highest since 1929 when consumption totaled nearly 36 billion feet. The large consumption resulted chiefly from the increase in construction activity, which normally takes 70 percent of
total production. However, other industries using
large amounts of lumber, including boxes and crates,
furniture, millwork, the railroads, and automobiles,
also reported marked gains over the previous year.
Exports, on the other hand, were about 12 percent less
than those in 1939, the result of a wide loss of markets
in Europe and interrupted shipments to other parts of
the world.
It will be recalled that the outbreak of war occasioned
an onrush of new orders. These largely represented
inventory buying in anticipation of expanded demand
and rising prices, and the movement exhausted itself
within a month. Exports during the war period have
actually been very low, falling off sharply at the
outbreak of war and remaining low until April 1940.
From April to September export volume improved,
though a sharp drop, partly seasonal in character,
1
By W. LeRoy Neubrech, Chief, Lumber and Allied Products Section, Forest
Products Division,
Stocks Reduced During the Year.
Large Demand for Softwood Lumber.
The construction industry is the largest consumer of
softwood lumber. Hence, softwoods felt the first
impact of the defense program when military and
factory construction were both sharply advanced
after June.
The immediate requirements of the defense program
for barracks and other purposes came at a time when
private building was at the highest level in 10 years
and mill stocks of lumber were comparatively low.
The influx of Government business introduced into the
market an increased demand for certain softwood
species, grades, and sizes, which exceeded the supply
of dry stocks in certain districts, particularly for
8
SURVEY OF (JUREKXT BUSINESS
January HK1 I
camps in the southeast. Since the initial Government I tributing yards and terminals in the North Atlantic
buying was not fully coordinated, it resulted in a j territory declined from 291 to 155 million, feet from
multiplication of inquiries for single orders. This April through November.
caused a temporary exaggeration of actual defense
The western pine region, did not experience the impact
requirements with subsequent price advances. The of defense requirements to the same extent as other
stimulus afforded by the defense program continued softwood regions because the bulk of its production is
through the fall. For example4, in November, Gov- not of the necessary construction type. Nevertheless,
ernment sponsored housing in defense industrial centers, small defense demands, coupled with industrial reas well as direct defense, construction of barracks and quirements, kept .new business relatively high. In.
October unfilled orders were* reduced for the first time
MILLIONS OF BOARD FEET
| since June. However, shipments were slightly above
j production, reducing stocks from 2,051 million feet to
j i,907 million feet.
!
I 00
1940
Figure 5.-—Softwood Lumber Production, Shipments, and New Orders
1940 (National Lumber Manufacturers Association, Inc.)N O T E . - Data are from weekly reports
erwnt of the total softwood production.
idenricfi! mill?
Hardwood Demand Also Rises.
The hardwood industry did not feel an immediate
effect from the defense program, new business failing to
increase materially until September after industrial
activity had gained momentum. Since then, however,
the increase in demand has been better than that
usually created by seasonal factors. Advancing activity in the furniture industry plus new defense demand
for hard ward construction lumber, and such items as
tent pins, mess tables, army cots, and trunk lockers
were chielly responsible for the gain, though the railj rouds. flooring plants, and box factories remained im| port ant buyers. Since industrial activity is expected
| to advance further during the next year, the trade
| anticipates a continuation of a relatively high demand.
similar structures, helped create a demand much
stronger than that normally expected.
Because shipments consistently outran production,
stocks of softwoods at the mills dropped from 5,809
million feet at the end of June to 5,171 million at thr
end of November, a smaller supply than had been
carried in recent years. The most notable decline w as in
the southern pine region where stocks at the end of
November were 1,477 million feet as against l;99()
million feet at the end of June. Southern pines manufacturers received the greatest volume of orders since
1929, so that by October and November it- became
extremely difficult to place orders. Production of
southern pine ran very heavy to boards, and common
grades of dimension, in response to increased demand
for general construction lumber.
The1 west, coast region reported a hm'h October production despile some rcstri^i i<M) of output resulting
from an industrial dispute in flu1 Puget Sound arrn.
Thr demand for \\ r<\ cna-u lumber w:w grralh nilecicd
by direct defense buying. Probnblv one-fourth of llw |
MILLIONS OF BOARD FEET
i'lc'Tc (>.—HUT\!V.O<K1 Lumber Production, Shipments, and New Orders,
1'HO (VHioivsJ I umiuT Manufacturers \ssociation. Inc.).
\ c n
I),lit! H I f .i;i u c f k h p ' p m l ' o f I'i.'THwil
11. i c M I h i 11 • < . ' • 1 i . ii - I - <x.(J j » r ' » . i u » i U M I .
I'IM* n ^ m v v o l u m e
of n r w o n l * M x
milk,
i v p M si n t n u '
; i l m n ' 2~>
m Sppf^iubrr
a ml
[ ) n i ] o ' ! i ) v ; l i ? - ( M i l i n f h < » f i n a l ( j u a r t r r o f 1 9 1 0 w ,\w f o j d r ! ( V ' o l i o r p r o d i i ^ ' 1 - ! a n n i ' - r r n ^ * ' m < h j p _ n M j n f « . b u t n o l
fc-n ; r p r o j r r f ^
\ f r o u b h i - < m i o ^ o < > k ^ i h u j f i o n .')?<"•<* i n ! - u i h - M r n t i<» pjvM r?»t : i « ' ' ' U i n u l f » M o n o f u n f i l l e d <>?'d^i
dr\ lumber when hn)v\ buying h*ff, a bad!\ broken
n ^ o r f m e n f of urade< and s i z r v
Ke\ ilrm> of u p p n ^ .
dimension, and hoards, were decreased -iSino^t one-hHI
(o one-third of t h e volume left after t h e inventory
accumulation in the l a t t e r part of 1980. Stocks of int »Teoastal l u m b e r (Pacific coast l u m b e r ) at wholesale dis
j h?jrk!o';>
\? r h r end of ( V t o b f ' l ' t h c ^ e \\ e r r 4 10 m i l l i o n
i iVef. )h- < " o n t r a u e d v, i t h
I'M m i l l i o n a t t\\c e n d of S c p -
. [(MMIMM" an»! !>77 m i l l i o n nf \\\^ e n d of A u g u s t .
1
\<;w'vy>r ' i n p m e r . N w»MT m e t f i o m
| lion a n d a \ a i l a h l e stock's.
both
hardwood
inci-eased
pi'oduc-
T h o u g h n i a n y m i l l s h^jvinir
a n d softwood
stujnpage
emphasized
production of the latter, output of hardwood steadily
increased after August. Favorable logging weather
materially aided the advance, but the increase in production did not keep pace with shipments, thus bringing a further decline in mill stocks. At the end of
November these were 1,514 million feet, a decrease of
253 million feet from the June volume.
Prices Advance Sharply.
The substantial increase in demand for lumber
created by the bunching of defense orders has produced
one of the few substantial price advances accompanying
the general upswing of business activity. From the
early June figure of 94.8 the Bureau of Labor Statistics7
index of wholesale lumber prices (1926 = 100) rose to
118.5 by late December.
Advancing prices have had some effect on supplies,
bringing hundreds of small "peckerwood" mills into
operation in both the softwood and hardwood regions.
The quantity currently produced by such mills cannot
be estimated and as yet their influence on price has
been negligible, although it is expected to increase in
the coming year.
Though most of the 1,200 million feet of lumber
needed for Army troop housing before July 1, 1941,
have now been produced, Army and Naval requirements in the next year are expected to be substantially
in excess of this. Further housing is contemplated,
and much naval and military construction remains to
be undertaken. Even though private residential building shows little advance, total construction activity is
expected to rise considerably above that in 1940.
Moreover, industrial activity will be greater than in
the past year. The net result should be a steady and
strong demand for lumber in 1941.
Paper Industry Survey2
As a result of both heavier domestic consumption
and increased exports the paper industry in 1940 produced the largest annual output on record. Activity
during the year fluctuated in accordance with its seasonal pattern, declines in new orders during the first
and third quarters being followed by increases in the
second and fourth quarters. The most recent rise was
a considerable one. Total orders in October were
14 percent above the previous month and this large
volume was substantially maintained during November
and the first 3 weeks of December.
In spite of their increase, October orders were still
15 percent below the record established in October 1939.
Unlike the inventory purchasing of a year earlier, however, most of the recent buying has been in response to
increased needs of final consumers. Evidence to this
!
9
SURVEY OF CURRENT BUSINESS
January 1941
By John F. Darrow, Pulp and Paper Section, Forest Products Division.
281788—41-
effect is given by the fact that wholesale stocks in
November continued the decline inaugurated during
September.3
Orders for wrapping paper showed particular strength
in the last quarter, those for October gaining 24 percent
over the previous month. No material decline was
reported in November and orders placed during the
first part of December advanced above those in the
comparable period of the previous month. This is
partly explained by the late date at which many orders
were reported to have been placed during the last quarter as compared with previous years. However, demand
was unusually high during the entire autumn due to the
increase in general industrial activity.
Orders for 603,000 tons of paperboard in October
represented a gain of 23 percent over the previous
month. Part of the increase was sacrificed in NovemTHOUSANDS OF SHORT TONS
800
ORDERS.
600
/,
^PRODUCTION
I
400
200
0
1936
1937
1938
1939
1940
O.O.4O-64S
Figure 7.—Production and New Orders of Paper, Excluding Newsprint and
Paperboard, 1936-40 (American Paper and Pulp Association).
ber, new business dropping to 534,000 tons. But the
month closed strong with data for the first 2 weeks of
December giving evidence of high activity for the rest
of the year. Orders remaining unfilled at the beginning
of December aggregated 160,000 tons.
Newsprint output continued near capacity in the
final months of the year. The closing of the Scandinavian countries opened many new markets for
North American producers and these are expected to
sustain output for some time. However, both publishers and mill stocks (domestic and Canadian) are
above the 1935-39 average and some of the buying has
been for inventory purposes. Uncertainty in regard
to future delivery and the possibility of higher prices
combined to induce this lengthening of commitments.
Other printing paper orders also increased substantially
in October, rose again in November, and declined only
slightly during December.
3
Wholesalers sell approximately 40 percent of all paper produced in the United
States, while 25 percent of the total production actually passes through their warehouses.
10
SURVEY OF CURRENT BUSINESS
Price Advance Moderate.
.human- 194 1
in the spring drastically curtailed shipments, the
volume in June dropping to only 55 percent of the
average monthly shipments in 1939. By this time it
was obvious that European sources of supply were1 not
reliable for the duration of the war.
Canadian sources were investigated and it was
believed that they could furnish about 100,000 tons of
pulp a month. But shipments in subsequent months
failed to exceed 85,000 tons and present evidence points
to this as the probable maximum.
Thus, paper manufacturers have fallen back upon
domestic pulp supplies to an. increasing extent. The
result has been a more complete utilization of existing
THOUSANDS OF SHORT TONS
capacity rather than any substantial increase in ca1000
pacity itself. Monthly production in 1939 averaged
583,000 tons, over 6 percent more than in 1937. The
record was reached in May of this year with an output
of 794,000 tons. Production in October was 787,000
tons, which was substantially maintained during the
remaining months of the year.
With the possible exception of certain minor grades,
present capacity in the pulp industry is regarded as
sufficient to meet the needs of paper manufacturers.
However, this judgment rests upon the assumptions
0
that consumption will not materially increase, that
1936
1939
1937
1938
!940
O. D. 40 €40
pulp imports from Canada will be maintained at apFigure 8.—Production and Imports of Wood Pulp, 1936-40.
proximately their present rate of 80,000 tons per month
NOTE.—Import data are compiled by the U. S. Department of Commerce,
and that paper and pulp exports will not increase subBureau of Foreign and Domestic Commerce; production data are complied by the
stantially.
V. 8. Full) Producers Association, and the Soda Pulp Manufacturers Association.
Since pulp consumption closely follows the trend of
the last part of the year, closing at approximately industrial activity, it is probable that its consumption
$72.50 and $67.50 per ton for 0.016 and 0.020, respec- during 1941 will exceed the past year. In addition,
the ability of Canadian producers to maintain the aptively. Minor changes occurred in other items.
proximate level of current shipments depends upon the
War Changes Pulp Supply Channels.
future demands of the United Kingdom. England no
longer
receives pulp from Europe- and although considDevelopments of the war seriously affected many
paper producers by cutting off their normal channels erable stocks had been accumulated, current consumpof raw material supply. Prior to the war, domestic tion is depleting these reserves. When they are expaper manufacturers imported approximately 20 to 25 hausted, an increasing quantity of Canadian pulp may
percent of their wood pulp. Canada furnished 5 to be diverted to the United Kingdom.
10 percent, but the bulk of the supply came from the
Thus, the probability of larger demand for paper
Scandinavian countries. At the outset of 1940, imports and the possibility of smaller Canadian shipments make
of w^ood pulp were larger than those at the beginning the problem of pulp supply the. most serious facing the
of the war. However, the intensification of hostilities paper industry in 1941.
Most paper prices at the end of 1940 were moderately
higher than they were at the outbreak of war. A large
part of the increase occurred before June 1940, however, the period since then being marked by divergent
price movements. During July, prices of various
grades of book paper advanced slightly. News and
chip-board prices were erratic, starting the last half of
the year at a quoted price of $40 per ton and falling to
a low of $30 during December. The quoted range for
the last week of December was $30 to $35. White
patent-coated-board prices declined steadily during
January H)4L
SURVEY OF CURRENT BUSINESS
11
The Electric Power Industry and the
Defense Program
By John D. Wilson, Chief of Business Analysis Section, Division of Business Review
the late summer and early autumn of 1917 the war
INeffort
of the United States began to be hampered by
basis of the defense problem as it exists today, have
been announced. The most important of these are
a shortage of electrical power in many of its chief in- presented below. However, an appreciation and underdustrial centers.1 The shortage appeared first at standing of the nature of the problem requires some
Buffalo and the Niagara Falls region; next in the Pitts- knowledge of recent developments in the demand for
burgh, industrial Ohio sector; and spread eventually to electricity on the part of principal consumer groups, as
New England, the Pacific coast, and certain areas of the well as an awareness of the development of supply over
South. By the spring of 1918 it had reached such the past decade. These questions are first examined here.
serious proportions that a special section of the War Large Increase in Demand and Facilities Since War.
Industries Board set out to deal with the problem. In
The 20-year period following the Avar was one of
the course of the following months this section installed
vast
change and development of electric power facilities
a priority program in the critical areas, helped steam
and
use. Output in 1989 was five times the 1917
plants obtain necessary coal during times of stringency,
established schedules for the repair of machinery—
MILLIONS
BILLIONS OF
OF KILOWATTS
KILOWATT-HOURS
especially generators—which had broken down, and
60
150
formulated plans for construction of new generating
capacity and transmission lines. The organization of
50
125
the program, however, required so much time that no
KILOWATT-HOURS GENERATEDlarge general increase in power supply had been realized
(LEFT SCALE)
100
40
before the armistice was signed and the program
abandoned.
The power section of the War Industries Board had
30
75
been only an advisory and planning group with no
^KILOWATT GENERATING CAPACITY
(R/GHT SCALE)
power to initiate a comprehensive program designed
5
0
20
to alleviate the shortage. Though an act giving the
section broad powers had passed the House, it did not
become law before the Armistice intervened. Action
25
10
taken, in regard to new construction was performed
by the Emergency Fleet Corporation, the Ordnance
Department of the Army, or the Navy Department.
19Z6 27 28 29 30 31 32 33 34 35 36 37 38 39 40
aa-4o-&sr
Each agency either assisted in installing or directly Figure 9.—Total KUowatt-Hours Generated and Total Generating
Capacity, 1926-40 (Edison Electric Institute).
installed additional capacity in sections where its proNOTE.—Data represent kilowatt-hours generated during the year and the generating
gram exercised such heavy demands that a shortage
capacity on December 31.
appeared. Thus, the Emergency Fleet Corporation
installed 55,550 kilowatts at plants and shipyards; the volume, while generating facilities had increased fourArmy helped install 100,000 kilowatts of generating fold. The larger proportion of the development occurred
apparatus and a number of miles of transmission line; in the twenties. During this decade the industry not
and the Navy assisted in the provision of intercon- only had its most rapid rate of expansion, but it also underwent a profound alteration in organization from local
necting transmission lines.
operating
companies to large interconnected systems.
The experience of the last war has not been forAfter
a
period
of reduced demand in the early thirties,
gotten by either the industry or the public. As the
as
shown
in
figure
9, expansion was again continued,
defense program is certain to expand the demand for
though
at
a
slower
pace.
As is to be expected, this year
power very substantially, questions were immediately
has
been
no
exception
to
previous
experience. For the
raised about the ability of the industry to handle the
past
several
months
electric-power
output has been at
prospective increase. An investigation has been inan
all
time
record
as
a
result
of
increased
demand on the
augurated by the Federal Power Commission with the
part
of
every
major
consuming
group.
Daily power
cooperation of the industry, and certain results, on the
production
in
November
averaged
434,000,000
kilowatt
1
Discussion of the War experience is to be found in " The Power Situation During the
hours,
9
percent
more
than
in
the
same
period
last
year.
War," War Department Document 1039, Office of the Chief of Engineers (out of print).
12
SUliVEY OF CURRENT BUSINESS
Production in the first 9 months surpassed the 1939
volume by 13 percent, the smaller percentage gain in the
last several months being the result of the rapid rise in
output after September 1939, and not to a downward
trend this year. As will be shown in more detail later,
the evidence now available points to an even larger
increase in demand next year. It must not be forgotten
that today electric power is much more a necessity in
everyday life than it was in 1917 and 1918. This is
true both in industrial production and in the life of the
average household. Only in transport and a few other
industries would rationing effect such an inconvenience.
Capacity in the Industry.
The concept of capacity in the industry is a peculiarly difficult one. For example, it is often stated in
terms of rated kilowatts of installed generating plant,
the implication being that this amount of power should
be available when needed. Yet break-downs occur and
repairs must be made; so extensive reserves are required. Moreover, many plants cannot be operated all
the year. This is especially the case in hydroelectric
plants, where varying water conditions determine the extent of plant utilization. In reality, only the operating
companies, through long experience and detailed knowledge of individual units, are in a position to state the
output they can assure at any particular time of the year.
Moreover, knowledge of assured capacity in the
country as a whole may prove misleading. It is a
fact that the sum of peak demands in all sections of
the country during September was only about 69
percent of installed generating capacity. But even
assuming that the total capacity is assured capacity,
one cannot deduce from this that no shortages would
appear in the country as a whole if the over-all peak
demand increased by 31 percent or less. Power must
be available in the particular region of demand. A
surplus in Oregon is not available for increased demand
in Pittsburgh. However, the radius of the region to
which power from a particular area can be made
available by transmission has grown steadily over the
past two decades. In this respect the situation today is
much different from that in 1917-18 when the state
of technique and inadequate facilities seriously limited
interchange of power between areas. Today it is not
impossible to transmit power 300 miles, and a surplus
in one area can be and is used to satisfy deficiencies
in other areas not too far distant.
Because demand is not of continuous intensity but
rises to peaks at certain times of the day and year,
it is possible for output to increase considerably at
off-peak times without making necessary any addition
to generating capacity. For example the addition
of an electric water heater to a residential load more
than doubles kilowatt-hour consumption of the residence, but the heater may be fixed so as to operate only
at off-peak times. Some idea of the extent to which
January "i9-
such off-peak capacity is available is given by the fact
that in September consumption of electricity w^as only
about 40 percent of the total which the plants of the
country were capable of producing.
With the above general remarks as an introduction,
what can be said about the present capacity of the
industry? First examine the over-all picture. Figure
10 shows the movement of installed generating capacity
over the past 15 years. It can be seen that installations
from 1930 to 1939 were small as compared to the previous decade. In the 9 years prior to 1940, 5,327,000 kilowatts were added, little more than the new installations
made in the 2 years 1929 and 1930.2 Meanwhile, during
the thirties demand had increased 35 percent. Even
though the industry had built considerably ahead of
demand in the latter twenties, a more rapid expansion
was to be expected after 1939. This is now being
realized, for additions to installed capacity in the past
year were the largest since 1930. Moreover, they will
be surpassed in 1941 and possibly in 1942. Final information about last year's increase in generating capacity
is not available. However, reports from the industry
indicate that plant and equipment representing more
than 1,350,000 kilowatts was introduced by private
and municipal utilities, bringing the total installed
capacity to 38,726,000 kilowatts. The industry also
reports that facilities under construction or on order
will add 2,150,000 kilowatts in 1941, and that this will
be supplemented by large additions in governmental
power districts, particularly in the Pacific Northwest.
A somewhat smaller increase has been scheduled to
date for 1942. Thus, the new capacity installed in
these 3 years will probably exceed the total introduced
from 1930 to 1939.
In the latter part of the twenties the electric-light
and power industry yearly spent between $700 and
$800 million on new plant and equipment, the highest
amount being realized with the expenditure in 1930 of
$919 million. Three years later annual investment had
dropped to $129 million. Since that time, however, it
has steadily increased. Last year almost $600 million
was expended, and the average investment of the next
2 years will probably match that of the late twenties.
Growth of Residential Demand Important Development.
Having examined the proposed increase in capacity,
turn now to the nature of demand in the industry.
Demand for electricity is usually classified according
to the type of consumer. Three groups are outstanding: Industry, which consumes 50 percent of the output; commercial firms, which require about 19 percent
of total production for lighting and small amounts of
power; and finally, demand by residential households,
consuming another 19 percent.3
Figure 10 pictures the course of requirements in each
2
Generating capacity used here represents that of privately owned central stations,
plants owned by the T. V. A., the rural cooperatives, and municipal plants. Data
may be found in Edison Electric Institute Statistical Bulletin No. 7,1939, p. 7.
SUKVEY OF CURRENT BUSINESS
January 1941
13
of these markets over the past 15 years. One very outstanding development during the last decade was the
steady expansion of the residential market. The
average annual use of electricity by each household
electricity. In recent years, about one-third of the rate
schedules have been lowered annually. From 1929 to
1940 such changes reduced the average price for 100
kilowatt-hours from 5.1 cents to 3.9 cents a kilowatthour, while the average price for 250 kilowatt-hours
BILLIONS OF KILOWATT-HOURS
declined from 4.3 cents to 2.8 cents. However, these
70
rate reductions themselves have been partly induced by
the increase in consumption. The cost of producing a
60
COMMERCIAL
kilowatt-hour
of electricity for residential purposes has
LARGE LIGHT S POWER
usually diminished much more rapidly with increasing
50
output than the companies had anticipated when the
rate schedules were set up. Much of the new demand
40
has not required a proportionate increase in generating
investment and the incremental operating cost has been
30
small.
Moreover, by far the largest element of the
COMMERCIAL
total
cost
at present consumption levels—more than
SMALL LIGHT a POWER
two or three times the generating cost—is incurred in
distributing the electricity from the substation to the
RESIDENTIAL
home, and increasing consumption entails little addiJ
L
tion
to this type of cost.4 Thus the addition of a large
1927 '28 '29 '30 '3! '32 '33 '34 '35 *36 '37 '38 '39 1940
refrigeration load due to promotional efforts of appliance
Figure 10.—Kilowatt-Hours of |Electricity Sold to Principal Consuming
dealers would in itself have made many reductions in
Groups, 1927-40 (Edison Electric Institute).
rate schedules possible.
NOTE.—-Data for 1940' are estimated.
The actual amount paid by residential consumers for
increased 80 percent during the period, while the total electricity has declined more than the reduction in rates
kilowatt-hours sold to residential consumers more than themselves, falling from 6.3 cents a kilowatt-hour in
doubled. In the past year the trend was continued, the 1930 to 4.03 cents in 1939. In the past year the average
12 percent gain being a typical average for the period cost was 3.88 cents. That part of the cost reduction
since 1934. Construction of additional residences which has not been the result of lower rates has followed
created some of the new demand but of more importance automatically from increased consumption because most
was the steady expansion in the ownership and use of utilities have adopted graduated rate schedules.
electrical appliances. Before 1924 relatively few houseIn many instances rate reductions do encourage inholds used electricity for anything but lighting and creased consumption directly, or at least the increased
small appliances. Since then many new appliances consumption would not be forthcoming without them.
have "been introduced and those rarely used have This is especially true in those areas where electricity is
become common. Whereas in 1924 the bulk of demand not furnishing a new or a substantially better service,
stemmed from lighting and a few small appliances, by but must compete with substitutes on a price basis.
1939 refrigerators were responsible for 22 percent of the The most important cases of this type are the electric
total, ranges for 10 percent, radios for 9 percent, and range and water heater, the two appliances consuming
water heaters for 8 percent.
by far the largest amounts of electricity. If the rate
Knowledge of the factors which have influenced the for the additional quantity of electricity needed to
growth in appliances is necessary for any appraisal of operate a range is more than 2 cents a kilowatt-hour, or
future demand. Four have been of paramount im- that needed to operate a water heater is more than 0.8
portance : The technological changes which have reduced
• For cost data see: Power Authority of New York, Report on Cost of Distribution
appliance prices and improved their quality; reductions of Electricity, 1934, and Eighth Annual Report, for year ended December 31, 1938,
in electrical rates; a rise in the level of income; and the Albany, J. B. Lyon and Co., Printers; Federal Power Commission, Cost of Distribution of Electricity, 1936, Washington, United States Government Printing Office; and
promotional efforts of appliance dealers and the utility Are Electric Ranges Profitable, H. A. Snow, Electrical World, February 11,1939, p. 47,
companies. There is no question but that the last and February 25, 1939, p. 46.
The Power Authority of New York found the following average unit distribution
factor has been of great importance, though it cannot costs for different average annual domestic consumption in kilowatt-hours per year in
be measured quantitatively. Promotional technique the New York State region;
Average dishas been thorough and intensive, and it has yielded
tribution
cost per kiloresults. The other factors none the less play a more
Average consumption in kilowatt-hours:
watt-hour
600
.
.
2.5
important role.
1200
.
1.415
Consider first the effect of reductions in the price of
1800..-.
.
1.0
i
3
Remaining demand is distributed as follows: Street and interurban electric railways, 4 percent; rural demand for light and power, 3 percent; municipal street lighting, 1.5 percent; electrical division of street railways, 1.5 percent; municipal and
miscellaneous, 2 percent.
3000
6000.
.
.
.._
— .632
- . .366
Thus, distribution cost is large relative to generating cost only when average con*
sumption is small,
14
SURVEY OF CURRENT BUSINESS
cent a kilowatt-hour, the electrical appliances often
find it difficult to compete with gas. But at these rates
they usually attract new customers.5 Though both the
range and water-heater loads are a considerable total,
only a relatively small number of customers own these
appliances—about 10 percent in the case of ranges and
less than 4 percent in the case of water heaters.
Perhaps an even more important factor inducing load
growth in the past than rate reductions has been the
technical changes which have improved the quality,
lengthened the life, and helped lower the price of many
BILLIONS OF KILOWATT-HOURS
furnish some stimulant to sales, but a more important
factor was the higher level of income during the year.
Sales of all appliances reveal the same general movement from year to year, rising above the average associated with the trend in periods of high income and falling below this average in periods of low income. This
wavelike movement, of course, may be superimposed
on a downward trend, the expansion demand in the
market giving way to a growing replacement demand.
The influence of income on demand can also be demonstrated m
in another way. This is done in figure 12
PERCENT OF
NON-RELIEF FAMILIES
100
221
250
7 6 / / / ; MCLC/£///VG L/Uff/mCf
January 1941
/////////
1324 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
1000
2000
3000
4000
5000
INCOME GROUPS IN DOLLARS
7500
Figure 12.—Household Equipment Ownership by Income Groups, 1935-36
(U. S. Department of Labor, Bureau of Labor Statistics: Study of
Consumer Purchases, Urban Series).
Figure 11.—Energy Used by Various Domestic Electric Appliances, 1924-39
(Edison Electric Institute).
NOTE. - D a t a are for middle-sized cities in the east central part of the United States.
appliances. These effects are well illustrated in the
case of the refrigerator. Between. 1921 and 1937 the.
average cost of the refrigerator was reduced from $550
to $173, and technical improvements increased its life
expectancy from 7 to 15 years. These changes reduced
the annual cost to the consumer for depreciation and
interest so as to realize a saving of $90 a year in the
cost of refrigeration. In the same period rate reductions yielded an annual saving of $11.46 in the cost of
refrigeration. A similar situation prevails with the
majority of other appliances, most of which consume
only a small amount of electricity. The range and water
heater, however, are significant exceptions. For prices
have been lowered and life expectancy increased in the
case of each of these, but the resultant saving to consumers has been less than that given by rate reductions.
Insofar as year-to-year changes in the rate of increase
of demand are concerned, lower appliance prices play
a smaller part than shifts in the level of income. Thus,
in. the past year refrigerator prices declined 11 percent
and range prices 6 percent. Sales of refrigerators were
2,567,000, 40 percent over the previous year, while
range sales increased 34 percent.6 The lower prices did
which shows the percentage of families in various
income classes who owned electric refrigerators, power
washing machines, vacuum cleaners, and radios in the
year 1935 -36.7 As migl.it. be expected, the higher the
income class, the larger the proportion owning various
appliances. While less than 30 percent of the families
with incomes of $1,000 a year owned electric refrigerators, more than 80 percent with incomes of $3,000 a year
had them. Only in families with an annual income less
than $750 was the possession of a washing machine
unusual.8 Sixty percent of families in the $1,000 income
class owned vacuum cleaners as contrasted with the
100 percent in the $3,750 group. Radios were more
evenly distributed, 85 percent of the families with
incomes of only $500 a year owning this equipment.
Each of the abovre factors influencing the growth of
residential demand is expected to act with increased
intensity this next year. Under the stimulus of a
record level of income, appliance sales should surpass
those of 1940. This in turn should help to extend the
5
Obviously, rates necessary for successful competition vary from area to area as gas
rates and other variables differ. The above rates are typical, however, for the competitive situation which exists in many communities.
6
Water-heater sales increased 1.1 percent; vacuum cleaners, 10 percent and washers,
10 percent.
" Only nonrclief native-born families are included. The, area to which these figures
refer is limited to middle-sized cities of the East Central part of the United States.
Similar results as far as the general movement is concerned are given for cities of all
siz3s in all sections of the country. See Price Behavior and Business Policy, -Monograph No. I, T. N. E. C , Investigation of Concentration of Economic Power, section
prepared by Saul Nelson and W. C. Keim, pp. 122-129.
8
The apparent exception in the case of those owning electric washers is misleading.
The decline in the percentage of ownership by those having incomes above $2,000 is
the result of the large number of such families who send washing to laundries and hence
use power machinery indirectly.
January 1941
SURVEY OF CURRENT BUSINESS
15
processes as well as an increased use of power-driven
machinery.
How much of the larger consumption of electricity
represented
technological change and how much was the
Changes in Industrial Consumption.
result of reduced generation by industry itself and,
In the past year industrial consumers of electricity hence, increased, purchases from central power stations,
increased their purchases more than any other group. cannot be determined with the existing data. There
The higher level of industrial production during the is reason to believe, however, that technological change
first 9 months of 1940 required 18 percent more electricity was by far the more important factor. Regardless
than was used in the same period, last year.
of the importance of each, it is clear that estimates of
Though industrial demand for central-station elec- future industrial demand from power stations must
tricity is directly correlated with changes in the volume make allowance for this secular growth.
of industrial production,9 three factors have altered the
The defense program is significantly changing the
relationship over longer periods of time. These are-, pattern of demand facing the industrial community
first, a secular trend on the part of all industries toward over the next few years. Many industries will achieve
the use of more electricity in the production process; an importance they have never experienced before or
second, a change in the pattern of demand toward have not witnessed since the last war. Those are well
commodities which use more electricity than those known—including, among others, shipbuilding, airplane
which they displace; and third, a continuing substitu- manufacturing, ordnance and ammunition, machine
tion of central station power for that generated by tools, chemicals, nonforrous metals and steel. All of
individual mining and manufacturing firms themselves. those industries use more electricity per laborer than
the average, and some of them stand at the very top
Table 1.—Indexes of Physical Output and Purchased Electric
of
the list. The clcctrometallurgieal and electrochemical
Energy, Manufacturing Industries, 1937
industries of course top most other industrial consumers
[1929=100]
of electricity, and their importance is being considerably
expanded.
Volume of Purchased
Industrial group
physical
electric
output
energy
Since the volume of industrial production in 1931 is
expected to register a largo gain, industrial demand for
103
Total, all industries .
128. 3
power will show an increase of similar magnitude.
104
112. 3
Food, excluding be,\ eraues and liquors
_ _.
This increase will be further supplemented by conTextiles
100
131.5
119.0
Forest products
70
struction of now plants in many industries introducing
Paper 122
109. 5
Printing and publishing
]02
115. 7
the latest technological changes, most of which require
Chemicals
124
137.7
114
185.5
Petroleum and coal products.
more electricity than older methods of production. For
Rubber products
91
110.2
Leather
..
108
118. 1
example, capacity of the aluminum industry, now
Stone, clav, and u l a ^ products
.
100
107.9
Iron and ste<*l
89
151.0
almost exclusively an oloctroinotallurgioal industry, is
\'on|>rroiis meHl.s
89
102. 7
\l;u-hiner\
130. (
(')
to bo increased 77 percent (luring the next 2 years, and
Transport;)! ion cmjpnieni
91
1 Hi. S
M i-cellaneous
191. 1
(')
substantial additions to electric-furnace capacity in the,
stool industry arc scheduled. Finally, the wide shift in
D a t a for m a c h i n e r y a n d miscellaneous a r e insufficient to p e r m i t t h e c o n s t r u c t i o n
of g r o u p indexes. T h e s e groups, h o w e v e r , a r e covered b y t h e t o t a l index.
the pattern of demand created by the defense program
Sources: N a t i o n a l B u r e a u of E c o n o m i c ' R e s e a r c h a n d B u r e a u of t h e C e n s u s .
will act as another factor tending to increase demand
An idea of the extent to which industry is using more more than that ordinarily induced by an expansion of
electricity is given in table 1 which presents indexes of ind ustri al production.
physical production and purchased electric energy for Further Expansion in Commercial Demand.
the various Census groups of manufacturing industries
Much loss is known about the relative importance of
in 1937, using 1929 as the base year. This table shows various factors influencing the growth of demand on the
that the volume of physical production in 1937 was part of commercial consumers. Hero, too, there has
3 percent greater than in 1929, but that purchases of boon a steady increase in consumption, though the rate
electric energy increased 28 percent. Only in the paper of increase has declined in recent years. Promotional
industry did the gain in purchases of electric energy activity, lower rates, technological change,10 and a secular
fail to exceed the advance in production. The largest growth in the relative importance of services in the
increase in purchase of energy was made by the petro- economic life of the community have produced an averleum and coal products and iron and stool groups, both age annual increase in consumption of 9 percent since
of which contained industries experiencing considerable
10
One technological development of especial importance has been the growth of
technological change between 1929 and 1937. These air-conditioning
in such commercial enterprises as theaters, stores, hotels, and other
changes resulted in the introduction of special electrical establishments. Not only has air-conditioning increased demand, but it also has
downward movement in rates and appliance prices,
both of which will reinforce the strong demand for
electric power.
1
u
Besides cyclical changes, the volume of industrial production still continues a
secular advance associated with the growth of population and the increase in industrialization of the economy.
altered the shape of the daily and annual load curve. Winter requirements formerly
were greater than those in summer. Air-conditioning demand has reversed this
situation in some areas, while in others summer requirements are now almost the
equal of those in winter,
16
SURVEY OF CURRENT BUSINESS
1933. Last year the increase was 8 percent. Here,
too, the rate of growth is profoundly affected by
changes in the level of income. In the early thirties
commercial consumption actually decreased with the
decline in income, and the rate of increase was curtailed
by the fall of income in 1938. Thus, the higher income
anticipated next year is expected to supplement the
secular factors mentioned above in creating an advance
in consumption well above that of 1940.
January 1941
The table below presents the data submitted by the
industry for these 9 areas. Estimated maximum requirements for 1941 in most cases represent an extrapolation of the trend of growth over recent years. Since
defense needs are expanding demand at a greater rate
than is shown by the trend, maximum requirements in
most areas have been underestimated. Moreover, as
the national defense program will not attain its peak
before 1942, demand at this time should be substantially
in excess of that for 1941.
Power Commission Indicates Capacity Additions Inadequate
in Certain Areas.
Peak load |
October
1940
(thous.
of kws.)
Estimated
Net assured capacity
to serve
maximum
annual peak load,1 end of—
require- Date when
ments be- these requiretween
Oct. 1940 ments will
and Oct. I be reached
1940
1941
|
1942
1941 (thous. j
of kws.)
It is apparent that a large increase in the consumption
Area
of electric power on the part of all major groups of consumers may be expected next year. Similarly, as was
pointed out above, a substantial expansion in generating
capacity is scheduled. But early in this discussion it No. 1
1 850
1,871 D e c . 1940
1,953
2.028
1, 843
No. 2
2, 912
3. 102
2, 690
2 390
2,550 Oct. 1941
was shown that a view of the over-all situation alone No. 3
1, 316
1.403
1,239
1 084
1,110 D e c . 1940
No. 4
1, 860
1,706
2. 000
1 641
1,800 Oct. 1941
was inadequate. What about the changed demand in No. 5
521
471
521
392
408 D e c . 1940
No. 6
1.949
1,739
2 297
1 847
2;056 Oct. 1941
specific areas relative to the capacity increase? Any No. 7 .
' 288
281
288
271
307 Sept. 1941
246 |
No. 8
246
246
224
249 A u g . 1941
answer to this question requires an involved examination No.
1,320 !
9
1,395
1,276
1 210
1,299 i
of large masses of data. Yet since 18 months to 3 years
1
Net assured capacity is the installed generating capacity (assuming critical water
are necessary to construct additional plant, an answer conditions in the case of hydroelectric plants) with adjustments for the net effect of
firms capacity interchanges within the district and minus the required reserves as
must be sought.
reported by the systems.
The industry is currently cooperating with the Federal
On the basis of present construction schedules,
Power Commission in its effort to predetermine areas deficiencies in 1942 for the above nine important areas
where additional capacity will be urgently needed. are estimated by the Commission to aggregate more
The country has been divided into 48 areas and the than 1,500,000 kilowatts. As it takes 18 months to
power situation in each of these has been surveyed. 3 years for the provision of additional generating
Estimates were supplied by the utility industry of the facilities, part of this possible deficiency will have to be
probable maximum requirements in each area before relieved in some other fashion. Many of the critical
September 1941 as well as the assured capacity sched- areas are adjacent to or within transmission distance of
uled for the end of 1940, 1941, and 1942. Though the other areas having surplus power, and since construction
situation changes frequently, The Federal Power Com- of high-voltage transmission lines requires only 6
mission, has used these data, together with information months to 1 year, it is expected that these surpluses
on the distribution of defense contracts, and knowledge will be used extensively to relieve shortages.
of the course of demand by different consuming groups
In conclusion, the difference between the situation
in each area, to determine the adequacy of the proposed today and that in 1917 and 1918 needs to be emfacilities. The Commission concluded that capacity is phasized. Today large additions to capacity are
sufficient for handling loads expected this year. How- already under construction, whereas in 1917 and 1918
ever, it also revealed the need for still further expansion the industry seriously curtailed its expansion because of
in some areas if deficiencies are to be avoided when the rising construction costs and interest rates. Moreover,
present defense program attains its peak in 1942. The at that time capacity for the production of electrical
following areas have been listed as those where the equipment was inadequate to handle Army, Navy, ingreatest need is likely to develop:
dustrial, and central station requirements. Finally,
1. Upper New York State.
the state of technique and the organization of the
2. The Philadelphia region—Eastern Pennsylvania and industry were such as to make impossible the conNew Jersey.
struction and use of interconnecting transmission lines
3. The Pittsburgh region-—Western Pennsylvania.
on a large scale. At the moment none of these factors
4. Chicago, northern Illinois, and northern Indiana.
appears to be a serious threat to current expansion,
5. St. Paul and eastern Minnesota.
6. Southeastern States, including Tennessee Valley though it is possible that developments in the next year
area, North and South Carolina, Alabama, and may make the situation less favorable than it now is
Georgia.
insofar as costs and machinery capacity are concerned.
7. Arkansas, northern Louisiana and western Mississippi.
Nevertheless, if shortages in particular areas are cor8. Idaho and Utah.
rectly
anticipated, repetition of experience in 1917 and
9. San Francisco, northern California and southern
1918
should
be averted.
Oregon.
January
17
SURVEY OF CURRENT BUSINESS
1941
NEW OR REVISED SERIES
Table 1.—PETROLEUM AND PETROLEUM PRODUCTS
[All figures, except number of wells, in thousands of barrels]
Crude petroleum
Motor fuel
Stocks east of California,
end of month
Year and month
Production
Total
1939
January
February
March
April
May
June
July
August
September
October
November
December
102,
93,
106,
105,
110,
104,
111,
81,
108,
114,
111,
115,
Total
Tank
farms
and
pipe
fines
Refineries
227,
227,
229,
230,
230,
226,
223,
193,
189,
187,
191,
196,
42, 540
41, 777
41,154
40,180
40, 445
41, 463
41, 817
37. 441
35, 781
36, 922
39, 427
40, 033
184, 574
185,303
187, 871
190, 698
189, 880
185, 090
181, 730
155, 698
153, 849
150, 923
152, 229
156, 067
212,741
39,915
172, 826
pleted, j
number
1, 311
1, 263
1,204
1, 302
1, 520
1, 467
1, 550
1,411
1, 498
1, 619
1, 641
1, 708
17, 485
1, 264, 962
Monthly average
105, 414
Production
Residual
fuel oil,
1, 457
Domestic demand
tion
Natural gasoline
Straight Cracked
run
Benzol
gasoline
gasoline
Total
38. 089
34, 928
43, 042
44, 264
49, 766
50, 133
50, 689
54. 025
49, 505
49. 854
* 7, 407
43, 807
25, 626
21,497
24, 845
24, 704
*6, 781
24, 530
25. 734
25, 299
26, 302
27, 594
26, 088
26, 944
305,944 | 555,509
25,495 |
46,292
Total
Natural
gasoline
blended
Lubricants,
domestie demand,
(consumption)
49, 418
43, 735
48, 889
49,124
51, 718
51,182
52, 077
52, 335
52, 047
55, 161
52, 893
52, 464
190
174
196
166
133
178
196
214
230
266
274
281
21, 287
18, 507
21,031
21, 080
22, 927
21, 926
22, 502
22, 371
21, 833
23, 631
22, 480
22, 017
23, 559
21,171
23, 294
23, 521
24, 207
24, 810
25, 028
26, 180
25, 700
26. 623
25, 621
25, 589
4, 382
3. 883
4, 368
4, 357
4, 451
4,268
4, 351
3, 570
4,284
4,641
4,518
4, 577
3, 644
3, 133
3, 116
2, 898
2, 713
2,740
2, 965
3,138
3, 404
4, 468
4, 408
4, 168
1, 609
1, 653
1, 988
1,770
2,132
1, 902
1, 982
2, 034
2, 23f
2, 656
1, 927
1,825
611,043
2, 498
261, 592
295, 303
51, 650
40, 795
23, 713
50, 920
208
21, 799
24, 609
4,304
3, 400
1, 976
1
Revised series. Compiled by the U. S. Department oj the Inferior, Bureau of Mines. The above tabulation represents a revision of data for 1939 and supersedes statistics
that were shown on these series in the 1940 Supplement and in the monthly issues of the Survey through November 1940.
Table 2.—MACHINE-MADE GLASSWARE
[Dozens]
1940
1939
Tumblers
Month
Production Shipments
January . ,
February
March
A pril
May
June
July
Augusts
September
October
November
December
3,153,685
3 287 216
3, 667, 034
3,185, 071
4,081,518
3, 860,104
3 594 835
3, 654, 468
2, 934, 347
3, 542, 858
3, 055, 349
2, 652, 194
-
Total
2, 669, 445
3 311,232
3, 495,172
3,217,067
3, 854, 816
3, 635, 308
3, 708, 968
3, 444, 951
3, 007, 894
3,124,404
2, 700, 304
2, 627, 184
40, 668, 679
38, 796, 745
3, 389,057
3, 233, 062
Monthly average
Stock s
Table,
kitchen,
and household ware,
shipments
7, 403, 730
7, 273, 178
7, 077, (583
7, 018, 943
7, 053. 279
7,119, 486
6, 723, 336
6, 884, 525
6, 739, 206
7, 093, 340
7, 386, 861
7, 395, 659
7, 097, 436
Tumblers
Production Shipments
3, 694, 688
3,428 780
3, 930, 621
3, 994, 951
3, 876, 664
3,647,917
3, 354, 267
3, 840, 777
3, 449, 866
2,606,^666^
2, 332, 285
2, 421, 503
2,916,302
3, 485, 508
3, 452, 734
3, 034, 496
2 662 977
2
Stocks
2, 984, 659
3,659 734
3, 808, 717
3, 974, 063
4, 047, 575
3, 627, 914
3 597 888
3,813,111 I
3, 330, 566
7, 805, 408
7 568 514
7, 688, 210
7, 707, 862
7, 536, 763
7, 559, 754
7, 572, 433
7, 596, 931
7,737,183
Table,
kitchen,
and household ware,
shipments
2, 778, 675
3 047 285
2, 882, 988
2,745,113
2, 667, 996
2,184,844
2, 088, 428
3, 324, 941
2, 647, 056
i
2,866, 559
1
New series. Compiled by the American Glassware Association from reports of member firms estimated to represent at least 90 percent of the total output of automatic
machine-made glassware. Data on tumblers were first reported in 1929 and earlier data on this series will be shown in a subsequent issue. No data are available prior to
May2 1939 for table, kitchen, and household ware.
Average of 8 months.
Table 3.—WHOLESALE PRICE OF GUM ROSIN, GRADE " H , " SAVANNAH x
[Dollars per 100 pounds]
1919
1920
January
February
March
April
May.__
June
July
August
September
October
November
December
5. 72
5. 72
5.72
5.31
4.83
5 85
6.91
7. 93
7. 61
7.10
7. 35
7.06
7.68
7.47
7.62
7.49
7.59
7.23
6.51
5.86
5.12
4.80
4.84
4.73
4.73
4.73
2.93
1.64
1.86
1.61
1.60
1.64
1.87
1.85
1.86
1.72
M onthly average
6.30
6.41
2.32
Month
1923
1924
1925
1926
1.75
1.75
1.74
K76
1.93
2.08
1.76
2. 19
2.30
2.44
2.32
2.13
2.11
2.10
2.17
2.17
2.06
2.06
2.03
1.98
1.97
1.93
1.87
1.85
1.94
1,98
2.00
2.03
2.08
1.98
1. 99
2.10
2.19
2.37
2.73
2.73
3.02
3.02
3.03
3.18
3. 89
3. 61
3.34
4.21
5. 53
6.17
6.11
5.45
5.7.8
5.63
4.95
4.96
4. 35
5.12
5. 55
6. 05
5. 93
5.42
4.89
4.64
4.82
4, 89
4.47
4.09
3.84
3. 56
3. 55
3. 79
3.60
3.24
2. 86
3.15
2.05
2.03
2.18
4.26
5.27
3.82
3.54
3. 55 3.48
3.67 3. 48
3.54 3.17
'S. 46
3.58
3. 52
3. 37
3.42
3. 5G
3.54
3.11
3. 08
3. 17
3. Yo
3. 35
3.44
3.23
3. 07
3.14
3.17
3.09
2. 93
2.61
2.40
2.01
1.81
1.98
1.81
1.84
1.79 I
1931
1932
1933
1934
1935
1936
1937
1938
1939
1.71
1.83
2.01
2.07
2. 06
2.19
1.33
1.23
1.19
1.11
1.22
1.12
1
1
1
1
1
1
14
03
94
03
25
17
10
08
1.17
1.19
1. 21
1.16
1.47
1.49
1.74
1.63
1. 66
1.63
1.64
1.59
1.77
2.' 19
2.14
2.18
2. 03
1.91
1.81
1.83
1.85
1.90
1. 91
1.92
1.99
2,02
1.98
1.89
1.94
1.88
1.84
1.69
1.77
1.97
1. 95
1.86
1.88
1 91
1 94
1 89
1 82
1 94
2 28
2 58
2 58
2 60
3. 06
3 92
4
4
3
3
3
3
3.
3
3.
3.
2.
2
37
21
88
47
56
44
37
36
36
15
65
36
2.53
2.31
2.05
2.04
1.87
1.91
1.98
1. 93
1.78
2.20
2. 10
1.87
2 11
2 24
2. 43
2 09
2 13
2 13
2.23
2 17
2. 36
2, 34
2 30
2. 25
1 12
1.41
1.94
1.90
2 38
3 43
2.04
2. 23
3.51 I 3.27 I 2.36 1.59
1
1
1
1
1
15
12
21
20
1940
2.31
2. 35
2.38
2.13
1.96
1.76
1.42
1. 69
1.61
1.67
1.87
1 Revised series. Complied by the U. S. Department of Labor, Bureau of Labor Statistics, and represents the average price of gum rosin, grade " H , " at Savannah, per 100
pounds bulk. Prices are averages of Tuesday quotations. Data prior to July 1940 are based on the average i>rice per barrel of 280 pounds gross, showTn on p. 90 of the 1940
Supplement and in monthly issues of the Survey through August 1940, converted to the bulk price (conversion factor, 2.324).
281788—41
-3
SURVEY OF CURRENT BUSINESS
18
January 1941
Table 4.—PURCHASING POWER OF THE DOLLAR
[Monthly average 1923-25 = 100]
Cost of living
Retail price of food
Month
1936
January, _.
February.
March
April
May
June
July
August.
September.
October
November..
December.
125.3
124.4
124. 5
123.6
124. 1
124. 2
124.4
124. 2
123. 5
123. 2
122.5
122. 0
1937
122.1
122.5
123. 0
122.9
122.7
121.2
120.8
119. 8
119.0
119.3
119.5
119.3
318. 5
117.9
116.8
116.6
115.9
115.7
115.3
114.8
114.0
114.0
114.9
115.6
1938
117.1
118.1
118.1
117.9
118.6
118.6
118. G
119.2
118.9
119.3
119.8
119.5
1939
1940
120.0
120. 5
120.6
120. 8
120. 9
121.4
120.8
121. 1
119. 0
119. 2
119.5
120.
120. 2
119. 5
119.9
119. 6
119. 3
118.9
119.0
119. 5
118.8
118.9
118.9
2
1935
128.5
125.9
126. 9
124.1
124. 8
125.9
127.2
127.2
125. 9
126.4
124.8
123. 9
1936
1937
124.7
126.4
128.4
128.5
129. 0
124. 4
123.3
121.7
120.8 .
122.9
124.1
124.5
1938
122.7
122. 1
120. 5
120. 3
119.2
119.3
119.0
118.3
117.2
118. S
121. 5
123.2
1940
1939
126.9
130.0
129.7
128.5
129.7
128. 9
128.4
129.7
129. 0
130. 2
131.6
130.2
132.1
133. 5
133.7
134.2
134.6
135.1
134.2
135. 3
128. 5
129.5
130. 9
133.3
129 4
132 8
133. 5
130. 9
132. 3
131. 6
130. 4
128. 7
129. 9
131. 4
130. 2
131. 6
131. 9
the cost-of-living index compiled by the National
Table 5.—INDEX OF COST OF LIVING
AND OF
FOOD COMPONENT l
Table 6.—WHOLESALE PRICE OF GASOLINE,
TANK WAGON, NEW YORK *
[Monthly average 1923=100]
[Dollars per gallon]
Cost of living
Month
1935
1937
1938 1939
JLiJO'l
A«7t
85.8
86.2
87.1
87.3
87.8
87.9
88.2
88.6
89.2
89.2
88.5
88.0
86.9
86.1
86.1
86.2
85.7
85.7
85.7
85.3
85.5
85.2
84.9
85.1
84.7
84.4
84.3
84.2
84.1
83.8
84.2
84.0
85.4
85.3
85.1
84.6
79.2
80.8
80.3
82.0
81.5
80. 9
80.0
80.0
80.9
80. 5
81.5
82. 2
81.
80. 6
79. 3
79. 2
79.0
81.9
82 6
83 7
84. 4
82. 9
82.0
81.8
83.0
83.4
84.5
84.6
85.4
85.3
85. 6
86. 0
86.8
85.7
83.8
82.7
Monthly average 82.2 84.1 87.8 85.7 84. 5
80.8
81.6
84.7
January
February
March
April
May
June
July
August
September
October
November
December
81.2
81.8
81.7
82.3
82.0
81.9
81.8
81.9
82.4
82.6
83.0
83.4
1936
Month
Food
u
80.2
78.3
78. 5
79.2
78. 5
79.0
79. 3
78. 5
79.0
78. 2
77.4
78.2
77.1
76. 3
76.1
75. 8
75." 3
75. 9
75.3
79. 2
78. 6
77.8
76.4
76.6
1
Revised series. Compiled by the National Industrial Conference Board. The
revision is occasioned by the revision beginning 1935 of the U. S. Bureau of Labor
Statistics' index of retail costs of food (see table 51, p. 18 of the November 1940 Survey),
which is used to measure changes in food prices in the Conference Board's cost of
living index. For a description of the indexes, see footnote 1 to page 11 of the 1940
Supplement. Data for 1940 are on p. 21 of this issue.
Table 7.—INDEX OF WHOLESALE
PRICES OF
LUMBER x
January
February...
March
April
May
June
July
August
September,.
October
November..
December..
Monthly average.
1935
1936
January
February....
March
April. _
May
June
July
August
September
October
November
December
79.9
79.4
78.0
78.2
80.0
83.4
85.1
84.9
84.3
83.3
81.8
82. 7
84.0
84.5
86.1
87.8
88.0
87.2
86.5
85.8
86.6
87.5
87.9
91.4
Annual average..
81.8
87.0
96.7
103.2
105.9
106.9
105.0
102.3
100. 0
99.2
98.6
95.9
93.2
89.7
99.7
1938
1939
88.4
88.0
87.9
87.1
85.7
83.9
84.4
86.9
87.4
87.9
89.8
90.8
91.5
91.7
91.4
91.3
90.5
89.7
89.6
90.1
93.8
99.6
100.1
99.5
87.4
93.2
98.7
97.7
97.4
96.7
96.0
94.8
94.8
98.4
107.1
114.4
117.5
i Revised series. Compiled by the V. S. Department of Labor, Bureau of Labor
Statistics. The index is based upon a larger sample of lumber prices than that included in the previous index, and an improved method of weighting has been used.
Price data for the enlarged sample are not available to compute revised indexes for
any period prior to January 1935; a continuous series has been computed by introducing the revised index for January 1935 at the same level as the old index. (For annual
data prior to 1935, see the 1940 Supplement, p. 13; monthly indexes for 1923-34 are
available in the 1932, 1936, and 1938 Supplements.) Prices of the individual items
are quoted f. o. b. mill, f. o. b. basing point, or delivered to a designated destination,
depending upon custom, available data, and market importance. The price data
are obtained from lumber companies, trade organizations, and trade papers. The
more complete sample of lumber prices was introduced into the calculation of the
composite indexes of wholesale prices and the building materials subgroup beginning
June 1940.
0.140 I 0.125
.129
.147
.130
.142
.130
.142
. 1 3 8 I .138
.145
.137
.145
.127
.145
. 122
.145
.122
.145
. 122
.141
.122
.140
.123
0.140
.140
.140
.140
.140
.140
.136
. 134
.134
.134
.134
.129
0.129
.129;
.128
. 124
. 128
.129
.130
.130
. 132
. 134
.135
.137
.138
.B7
.130
0.118
.126
.123
.134
.139
.141
.142
.146
.146
.146
.147
.146
.138
.132
1937
1940
0.137
.137
.134
.133
.128
. 127
.130
. 128
.124
. 122
.120
Table 8.—PRODUCTION OF LARD IN lFEDERALLY INSPECTED PLANTS
[Thousands of pounds]
Month
1937
1939
1936
1
Revised series. Data are compiled by the U. S. Department of Labor, Bureau of
Labor Statistics, and represent the tank-wagon price of motor gasoline delivered at
New York to undivided dealers, plus the New York State and Federal taxes. Prices
are averages of Monday quotations. This revised series has been compiled only
since January 1935 and is not comparable with the previous series which was compiled
from a different trade source.
[1926 = 100]
Month
1938
1935
1937
January
February
March
.
April
May
June
July
August
September
October
November
December
Total
.
Monthly average.
758, 515
63, 210
1938
1939
1940
119,120
80, 222
73, 681
72, 710
79,147
78, 486
70, 227
72, 600
73,278
87, 255
102, 501
124,966
125, 549
85,941
96,137
85, 564
105, 665
103, 484
93, 555
90, 728
85, 337
99,520
128,419
172,131
178, 395
140,979
130.199
113, 315
121,956
121,511
103,983
90,525
84, 310
114,789
129,549
1,034,193
1, 272,030
86,183 I
106,003
1
Revised series. Data represent actual production of rendered lard in federally
inspected plants as reported by the 17. £. Department of Agriculture, Bureau of Animal
Industry. The series shown in the Survey through October 1940 represented the
estimated production of lard from federally inspected slaughter obtained by applying
the average yield per hog at a number of plants that regularly report their production
of lard to the Agricultural Marketing Service to the number of animals passed for
food; only the estimated figures (see p. Ill of the 1940 Supplement) are available for
years prior to 1937. Production from federally inspected slaughter accounted for 59
to 63 percent of total production of lard for the years 1936-39, as estimated by the
Department of Agriculture. Rendered lard is estimated to be about 70 percent of
raw fat obtained from hogs.
In accordance with new definitions effective Nov. 1, 1940, fats rendered from
hog carcasses formerly reported as "lard" are now reported as "lard" and "rendered
pork fat"; the two are here combined to have figures comparable with the previous
data.
19
SURVEY OF CURRENT BUSINESS
January 1941
Monthly Business Statistics
The data here are a continuation of the statistical series published in the 1940 Supplement to the SURVEY OF
That volume contains monthly data for the years 1936 to 1939, inclusive, and monthly averages for earlier years back to 1913 insofar as available; it also provides a description of each series and references
to sources of monthly figures prior to 1936. The 1940 Supplement may be secured from the Superintendent of
Documents, Government Printing Office, Washington, D. C , for 40 cents per copy.
A few series have been added or revised since the 1940 Supplement went to press. These are indicated by
an asterisk (*) for the new series and by a dagger (t) for the revised series. A brief footnote accompanying each
of these series provides a reference to the source where historical data and the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variations. Data subsequent to November will be found in the Weekly Supplement to the SURVEY.
CURRENT BUSINESS.
Monthly statistics through December 1989, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may he found in the Novem- Novem- December
1940 Supplement to the Survey
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
October
BUSINESS INDEXES
INCOME PAYMENTS!
Index, adjusted:
Total income payments..
1929=100., p 93. 4
Salaries and wages
do _ _ p 93. 6
Total nonagricultural income
do
»94. 5
Total
mil. of doL. p 6, 231
Salaries and wages::
Total
...
do .
p 4,159
Commodity-producing industries, .do
p 1, 584
Distributive industries
do
p 960
Service industries
_. do . . .
*888
Government
do
p 610
Work-relief wages
__ _ do _ „ p 117
Direct and other relief
...do
P 87
Social-security benefits and other labor income.-.
mil. of doL.
P144
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
_
mil. of dol _ p 1, 349
Total nonagricultural income
do
p 5, 561
AGRICULTURAL INCOME
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted..
1924-29=100.. p 96. 5
Adjusted _
do
p 79 0
Crops
do
p 65 5
Livestock and products
_
do
p 92. 0
Dairy products . . _.
do
P 100 0
Meat animals
do
v 92 0
Poultry and eggs .
_ do
P74. 5
88.5
87.7
89.3
5,865
90.0
88.9
90.4
6,904
90.3
88.2
90.2
6,093
89.7
87.5
89.6
5,604
88.4
87.0
89.3
5,987
88.2
86.2
88.7
5,965
88.6
87.3
89.8
5,689
88.7
87.9
90.8
6,288
89. 3
88.8
91.1
6,103
90.5
90.4
92.3
5,787
'91.7
'91.5
' 93. 0
' 6, 467
'92.5
' 92. 2
' 93. 4
' 6, 680
3,879
1,449
915
850
537
128
88
3,908
1,420
945
862
547
134
89
3,767
1,349
902
847
535
134
95
3,742
1,339
882
845
536
140
95
3,784
1,352
900
845
539
148
94
3,784
1,356
900
845
540
143
92
3,838
1,391
908
854
548
1S7
89
3,871
1,419
915
860
557
120
86
3,766
1,423
923
854
452
114
87
3,840
' 1, 493
917
859
455
117
87
' 4,030
' 1. 562
940
867
' 550
' 111
84
' 4,177
'1.604
963
882
' 604
124
'86
134
486
137
1,517
148
840
151
447
155
820
152
799
166
472
166
1,050
167
901
164
485
148
897
145
845
1,278
5,239
1,253
6,321
1,243
5,533
1,169
5,108
1,134
5,519
1,138
5,479
1,124
5,211
1,115
5,821
1,182
5, 562
1,214
5,232
' 1, 306
' 5, 818
' 1, 427
' 5,908
90.0
76 5
66.0
86.5
91.0
87 0
73.5
79.0
79.0
74.0
84.0
91.5
82 0
70.5
69.0
79 0
72.5
85.0
95.0
84 5
65.5
60.5
84.0
81.0
86.5
94.0
82.0
80.0
60.0
76.0
72.5
79.0
89.5
75.0
70.0
62.5
81.5
77.0
85.5
89.5
88.0
70.5
66.0
80.0
73.5
85.5
84.5
90.5
70.5
62.5
70 0
61.5
78.0
82 0
79 0
64.0
75.0
71 0
57 5
83.0
84 0
88 0
65.0
79.0
71 0
59 0
81.5
90 0
82 0
65.0
95.0
75 5
64 5
85.5
92 0
88 0
57.0
117.0
80 5
69 0
' 90. 5
r 93 5
94 5
70.5
INDUSTRIAL PRODUCTION!
(Federal Reserve)
Unadjusted:
v 135
113
112
112
124
116
121
129
Combined index
1935-39=100
117
120
126
118
134
114
Manufactures
._ _ . do
112
112
116
130
126
118
'118
120
P 138
122
126
136
121
121
125
144
Durable manufactures
.
do
120
136
140
128
134
128
P159
127
155
159
113
123
166
144
106
161
161
151
153
164
147
121
Iron and steel.....
._
. do
101
107
114
109
132
Lumber and products*.
do
111
98
p 126
120
' 111
116
123
132
113
113
108
p 130
123
109
110
125
'107
108
127
Furniture*
,
_ do
118
'133
104
119
p 124
96
109
105
93
Lumber*.
_ . _
do
116
117
112
126
134
' 132
Machinery*
do
123
123
126
153
123
127
126
126
135
142
129
129
149
140
129
152
Nonferrous metals*
do
151
135
128
156
129
139
p 171
157
129
165
83
Stone, clay, and glass products*__do
101
129
143
115
90
114
'129
133
p 133
126
'142
'127
60
Cement...
do
140
105
88
115
141
150
p 145
126
69
143
' 154
136
50
71
Common and face brick*
..do
103
131
119
70
160
137
150
'146
' 147
109
117
119
126
114
104
116
124
Glass containers*
do
107
117
108
121
118
111
91
118
129
129
106
96
127
149
79
93
Polished plate glass-.. _
do _
66
127
144
121
139
141
132
p 187
153
137
131
63
Transportation equipment*
do
119
96
167
299
' 504
283
'306
Aircraft*
do
p 622
266
371
' 455
282
329
241
394
' 546
134
89
130
130
p 161
150
114
23
Automobiles . .
do
130
118
70
111
142
102
103
99
137
Locomotives*
do
102
98
124
102
106
v 166
95
' 152
116
151
141
124
p 163
132
137
130
' 140
112
133
' 117
' 145
158
Railroad cars*
do
145
162
172
Shipbuilding*
_.do
P226
144
162
202
213
176
'229
138
146
185
119
108
105
105
109
p 121
112
114
Nondurable manufactures
do
115
109
118
110
' 121
84
94
108
105
120
107
89
Alcoholic beverages*.-..
do
112
108
104
103
86
80
Chemicals*...
do
122
111
114
112
113
' 116
113
110
113
114
111
110
120
102
p 94
106
99
85
Leather and products
do
95
99
88
88
91
103
99
p 97
107
104
88
85
' 110
Shoes*.
do
89
113
95
91
97
96
97
' 101
r
99
100
101
' 132
P 117
107
116
131
Manufactured food products* . . . d o
109
100
' 107
120
125
83
95
112
' 164
' 144
' 111
Dairy products*
do
' 143
168
75
73
71
' 88
Meatpacking
do __
124
102
151
116
111
123
131
117
109
112
148
146
127
116
114
119
130
Paper and products*..
do
133
127
' 124
' 124
128
120
127
114
118
120
131
121
Paper and pulp*
do
131
128
123
' 120
124
128
122
118
114
115
114
115
115
116
113
Petroleum and coal products*
do. .
118
118
116
121
120
122
131
138
Coke*
do
147
125
135
141
140
138
118
144
141
113
113
114
Petroleum refining
do
112
113
114
110
114
115
113
118
109
108
102
109
111
119
Printing and publishing*
___do
114
119
103
113
119
120
106
129"
121
114
115
109
Rubber products*
do
122
117
117
106
120
129
118
116
••Revised.
p Preliminary.
tRevised series. For revised indexes of industrial production beginning 1919 (1923 for industry ,1 groups and industries), including the new series, see table 31, pp. 12-17,
of the August 1940 Survey; aircraft indexes subsequently revised beginning January 1939, see note miirked with a " t " on p. 19 of the December 1940 Survey. For revised
data on income payments beginning 1929, see table 42, pp. 17 and 18 of the October 1940 Survey.
*New series. See note marked with a " t " .
20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
JanuFebruary j ary
March
April
May
June
July
August
September 'October
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTIONf- •Con.
(Federal Reserve)
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Con.
126
318
121
101
126
97
115
' 111
Textiles and products
1935-39=100..
131
100
101
' 105
129
120
114
Cotton consumption*
do
139
128
125
125
110
123
115
109
108
109
144
138
' 137
Rayon deliveries*
do
151
131
152
150
148
127
141
132
127
134
65
57
Silk deliveries*
do..-.
101
84
72
60
65
66
55
51
P87
51
129
120
109
Wool textile production*.
-do
88
140
130
118
107
73
102
77
85
98
120
118
110
98
Tobacco products
do.___
112
94
105
98
97
112
124
115
112
122
124
117
115
Minerals
do
118
123
112
111
112
110
118
v 121
121
112
115
120
109
Fuels*
do
120
115
113
116
114
113
111
P117
111
97
100
83
128
Anthracite
do
104
99
93
89
86
86
90
101
124
112
132
'
110
Bituminous coal
do
135
117
101
121
104
103
100
107
114
111
114
' 114
Crude petroleum
do
116
116
116
121
117
121
119
PIH
114
171
164
89
' 184
Metals*
do
161
141
93
95
89
87
149
v 145
179
136
135
' 146
Copper*
do
140
144
150
142
144
141
(°)
133
P148
112
114
117
Lead
do
116
116
118
114
119
116
115
122
112
129
117
132
118
Zinc
do
128
134
133
131
135
134
123
120
"""137"
Adjusted:
121
124
126
111
122
113
' 129
116
115
121
121
Combined index
do
P133
122
131
* 123
121
Manufactures
do
r 122
124
128
110
116
112
114
v 135
' 135
146
' 150
132
Durable manufactures
do
133
140
135
113
124
118
119
131
v 155
158
164
105
Iron and steel
do
156
161
167
147
99
118
106
118
154
114
115
121
123
Lumber and products*
do
121
121
110
114
111
112
107
111
115
121
'
122
117
Furniture*
do
'
115
121
118
111
113
112
115
113
v 125
113
121
115
Lumber*..
do
121
122
109
114
110
110
'124
v 104
110
128
138
145
127
Machinery*
do
146
133
123
125
123
123
123
124
128
153
144
152
154
Nonferrous metals*
do
153
159
124
142
132
126
162
136
129
v 168
119
123
Stone, clay, and glass products*_.do
' 127
120
128
115
113
120
113
115
112
P127
115
125
Cement
do
121
131
115
106
117
115
110
113
125
139
129
96
Common and face brick*
do
119
125
142
108
106
109
118
' 117
130
114
118
114
Glass containers*
do
116
112
115
116
124
112
111
123
117
114
122
112
111
Polished plate glass
do
112
124
96
105
91
80
118
100
113
107
138
138
Transportation equipment*
do
' 158
103
129
117
132
117
122
138
111
v 165
'455
283
Aircraft*^
do
288
' 546
239
266
306
299
323
364
' 520
394
v 616
76
129
Automobiles
do
129
130
91
121
103
120
101
106
109
87
v 133
r
123
102
Locomotives*
do____
101
160
98
95
103
101
102
102
140
113
v 171
127
158
Railroad cars*
do
' 153
156
122
136
125
149
121
111
r 153
' 119
P178
213
150
' 227
Shipbuilding*
do_...
149
142
144
156
156
164
170
220
v 233
189
v 120
117
107
110
110
112
Nondurable manufactures
do
117
113
106
114
112
116
112
*96
91
Alcoholic beverages*
do
96
113
98
103
103
98
95
103
98
100
108
116
Chemicals*
do
119
115
113
111
111
112
111
109
114
' 116
'114
117
96
Leather and products
do
v 103
101
98
'96
' 96
108
105
85
93
87
96
'94
100
94
-99
Shoes*
do
111
101
99
99
'99
112
108
85
86
100
115
' 117
Manufactured food products*
do
v 11S
112
111
110
112
111
113
112
110
110
114
111
' 111
p 109
114
112
' 106
109
Dairy products*
do
113
' 109
110
115
112
' 109
126
127
128
133
124
129
Meat packing
do
116
126
117
117
116
121
119
132
122
110
123
114
Paper and products*
do
' 130
' 120
134
135
116
127
r 124
132
120
114
123
110
Paper and pulp*
__do
132
134
117
128
130
118
' 123
115
116
117
116
118
Petroleum and coal products*
do
112
116
120
119
115
114
113
132
144
118
123
137
Coke*
do_...
140
139
119
123
139
142
14C
139
112
112
117
114
115
Petroleum refining
do
108
112
117
116
114
113
109
120
108
106
108
Printing and publishing*
do
117
119
109
108
115
114
108
110
115
120
119
116
119
Rubber prod nets*
do
106
119
126
123
115
117
109
107
123
108
100
118
Textiles and products
do...
128
125
100
104
113
116
' 113
114
126
108
120
115
Cotton consumption*
do
121
120
124
127
107
109
124
144
130
144
139
Rayon deliveries*
do
146
152
151
138
142
120
' 137
'
128
71
64
64
69
Silk deliveries*
do
89
78
61
58
57
61
132
115
106
93
77
123
Wool textile production*
do...
132
79
87
100
106
115
103
109
106
103
115
Tobacco products
do...
110
111
110
103
108
106
120
115
119
Minerals
do...
118
117
114
118
118
114
116
113
120
Fuels*
_do._113
114
112
117
116
112
118
116
115
114
' 109
117
Anthracite
„.._
do...
88
111
113
112
105
91
129
97
78
84
83
82
106
119
116
Bituminous coal
do...
122
119
98
121
119
103
109
120
122
116
118
116
Crude petroleum
do...
108
114
120
118
120
118
116
114
' 115
124
134
Metals*
.
do.-_
127
125
127
139
'
135
131
130
134
135
135
143
Copper*.
do__.
147
144
132
150
140
141
144
143
140
°)
(°)
117
Lead
do...
114
117
108
120
109
112
116
117
118
124
119
120
123
Zinc
do--.
130
133
128
132
127
130
133
127
127
123
MANTJFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
New orders, total
Jan. 1939=100.
110.2
P 121
110.0
104.4
132.9
100.5
105.5
121.3
129.5
164
127.2
Durable goods
do...
114.0
118.2
106. 2
103.2
P147
156.
112.3
141.0
162.8
211
158.5
'235
v H(
Electrical machinery
do-..
114.6
130.5
122.9
128.7
129.3
168.0
140.9
207.6
228
190.2
' 253
Iron and steel and their products
do...
115.2
104.1
p 151
89.5
81.1
144.6
161.3
101.1
139.8
199
151.2
'211
Other machinery
do...
p 138
118.4
132.9
117.3
118.8
125.2
141.4
158.7
166.5
212
153. 6
'231
Other durable goods
do...
p 149
123.4
109.1
113.0
116.0
114.9
143.5
134.9
179.0
225
161.5
' 269
Nondurable goods
do.._
v 104
106.7
103. 2
101.0
98.7
105.0
117.6
108.6
108.1
133
107.1
'131
v Y2\
Shlpments, total
..do-..
118.2
128.1
121.2
118.9
119.7
122.9
123.5
145
125.9
117.2
' 146
Durable goods
do._..
129.2
146. 5
P 142
132.9
128.7
128.9
158
139.6
136.3
131.1
126.8
' 167
Automobiles and equipment
do...
p 107
122.1
127.4
135.5
124.7
124.0
41.3
100
107.4
117.7
75.0
' 148
Electrical machinery
do_._
128.7
p 138
142.1
119.2
132.6
129.6
143.3
161
147.3
153.0
136.9
159
Iron and steel and their products
do--.
165.3
162.7
180
p 16C
137.1
133.3
125.6
120.8
132.7
146.3
152.0
' 175
Transportation equipment (except automobiles)
—Jan. 1939=100.
186.7
235.2
P!58
184.8
227.6
187.6
197.1
180.0
211.4
187. 6
244 I '234
Other machinery
do - _ 143.3
P 141
122.6
142.1
150.7
131. 9
156.9
154.8
149.3
147.1
165 I
' 162
Other durable goods
do
p 17
P 150
126.1
128.4
129.1
138.8
122.3
137.2
137.6
147.0
131.8
171
173
Nondurable goods
do
p 12
112.1
p 117
110.4
108.9
112.4
107.9
113.8
110.8
118.6
108.6
134
' 128
p 130
Chemicals and allied products.
do
p 117
112.0
108.9
110.6
108.0
114.5
120.6
120.5
115.8
110.0
'130
138
p 115
Food and kindred products.
...do
106.0
P 107
103.3
106.6
110.6
114.3
105.8
113. 3
111.1
107.9
' 122
131
p 132
Paper and allied products
do
119.1
P 132
118.8
119.1
124.4
142.1
137.1
129.2
118.8
134.6
137
' 133
P 115
Petroleum refining
do
114.9
112.2
p 119
108.2
111.8
101.0
105.5
102.9
102. 5
107.8
111
'107
Rubber products
do
113.2
122.4
159.2
P 14f
123.0
129.6
129. 6
121.7
115.8
134.9
147
' 163
Textile-mill products
do
P 125
p 138
91.7
112.7
93.4
136
'142
p
130
102.7
p
123
Other nondurable goods...
do
130.2
114.9
108.7
147.1
132.7
107.4
112.7
105.2
147
132
a
'Revised.
Data not available.
v Preliminary.
tRevised series. See note marked with a " t " on p. 19.
•New series. For industrial production series, see note marked with " t " on p. 19. Indexes of manufacturers' orders and shipments beginning January 1939 are available
on p. 13 of the September 1940 Survey, except for textile-mill products and other nondurable goods (revised), for which see p. 20 of the November 1940 issue.
January 1941
21
SURVEY OF CURKENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February
March
April
May
June
July
SepAugust tember
October
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPM E N T S , A N D INVENTORIES*—Con.
Inventories, total
Dec. 31, 1938=100-.
Durable goods
do
Automobiles and equipment
do
Electrical machinery
do
Iron and steel and their products
do
Transportation equipment (except automobiles)
Dec. 31, 1938=100...
Other machinery
do
Other durable goods
_do.__.
Nondurable goods
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
do
R u b b e r products
do
Textile-mill products
____do
Other nondurable goods
do
v 116. 3
v 123. 7
P 130.6
p 125.6
v 126.9
v 104. 0
v 106. 9
v 114.7
95. 4
P 111.7
107.3
110.3
117.4
103.9
111.9
109.3
112.2
118.8
108.3
112.0
110.0
112.8
116.3
111.7
111.8
109.8
112.6
112.7
114.5
111.1
108.9
111.5
109.1
114.9
110.8
109.1
r 112.1
105.9
116.5
113.6
108.6
111.8
95.9
115.6
116.3
109.2
111.9
86.6
115.6
119.1
110.9
115.4
J12.3
115.5
120.1
112. 2
118.4
128. 7
116. 7
121. 1
v 248.0
v 117.6
v 105. 4
v 108. 2
v 110.6
v 104. 6
p 1.11.1
p 96 8
v 122.6
P 321. 1
v 104. 1
p 121. 6
v 103.1
102.0
p 100. 8
v 96. 2
P 102. 6
v 95. 7
P 91 9
102. 2
108. 5
P 102. 9
145.1
106.1
106.2
104.1
102.8
106.0
102.2
92.6
111.8
153.1
109.5
108.1
106.2
106.0
103.9
105,7
91.6
113.8
167.0
111.9
107.8
107.0
109.8
102.5
107.1
93.8
118.1
165.6
112.4
108.7
106.8
111.1
100.5
108.0
94.5
119.6
160.4
110.9
107.8
106.2
111.5
98.4
106.6
95.5
120.7
164.9
110.6
107.0
105.8
111.1
97.5
104.9
97.1
122.2
102.4
108.7
108.8
107.3
106.0
105.3
174.4
110.0
106.7
105.2
111.3
97.1
104.0
96.3
116.7
118.5
104.6
185.2
110.8
105.7
106.4
111.7
100. 6
104.5
98.3
120.5
118 5
104.1
194.7
110. 7
104.5
106.0
112.4
101.7
107.1
98.3
124.0
114.9
100. 8
207.8
112.2
104.1
105. 5
110.7
98.8
108. 4
99.0
125. 5
115.0
100. 3
85.0
73.2
77.4
85.4
86.7
97.0
85.2
73.1
78.1
84.1
86.7
97.0
85.5
73.1
79.1
84.2
86.8
97.0
85.4
73.1
78.4
84.5
86.8
97.4
85.1
73.0
77.4
84.8
86. 9
97.4
85. 6
73.1
78.2
85. 3
87. 0
98.1
114.4
121.2
180. 6
r
122.1
r
123.8
r
r
228.8
114.8
104.9
107.1
r
r
no. l
r
101. 0
110.3
r
98. 7
' 124.6
T
119.9
r
103.2
r
COMMODITY PRICES
COST O P L I V I N G
(National Industrial Conference Board)
Combined indexf
1923=100..
Clothing
__.do
Foodt
.._.
do
Fuel and light..
do
Housing
do
Sundries
do
PRICES RECEIVED BY FARMERS§
(U. S. Department of Agriculture)
Combined index
,
1909-14=100..
Chickens and eggs
_do
Cotton and cottonseed...
.do
Dairy products
.do
Fruits
do
Grains
do
Meat animals
do
Truck crops
.
.do
Miscellaneous
...do
R E T A I L PRICES
U. S. Department of Labor indexes:
Coal:
Anthracite.-.
.1923-25=100..
Bituminousf
do
Food!
1935-39 = 100-.
Fairchild's index:
Combined index
Dec. 31, 1930=100...
Apparel:
Infants'
do
Men's
do
Women's
do
Home furnishings
do
Piece goods
do
WHOLESALE PRICES
U. S. D e p a r t m e n t of Labor indexes:
Combined index (813 q.uotations®)_1926=HXL.
Economic classes:
Finished products_do.__.
R a w materials
.
do
Semimanufactures
do
F a r m products
do
Grains
do
Livestock and poultry
do
Commodities other t h a n farm products*
1926=100 _.
Foods
do
Dairy products
do
Fruits and vegetables
do
Meats
do___
Commodities other t h a n farm products and
foods
1926=100,
Building m a t e r i a l s . .
do_._
Brick and tile
___do.._
CernentJ
do
Lumber f
do
Chemicals and allied products!
do
C hemicals!
do
Drugs and Pharmaceuticals!
do.
Fertilizer materials!
do.
Fuel and lighting materials
do.
Electricity
__do_
Gas
do
Petroleum products
...do
I
Hides and leather products
do.
Hides and skins
do.
Leather.
do.
Shoes
do.
House-furnishing goods....
do.
Furnishings
do.
Furniture
do.
r
84.6
72.9
76.4
85.6
86.6
96.8
84.6
73.0
76.3
85.8
86.6
96.9
85.1
73.2
77.8
86.0
86.6
96.9
84.8
73.2
76.9
85.8
97
82
118
65
87
101
96
104
91
85
119
66
90
103
117
113
101
98
85
118
76
91
101
168
107
97
83
85
114
73
92
102
128
101
82
85
110
81
96
104
145
100
84
83
106
88
92
108
133
101
95
81
81
104
104
83
102
134
100
95
88
80
105
89
78
110
98
98
96
90
77
109
79
76
110
112
107
114
118
95
96.7
77.1
89.2
94.9
94.8
81.0
89.0
95.6
96.2
97.0
78.6
85.5
98.3
97.4
96. 3
81.2
' 86. 9
97.2
93.7
91.9
92.0
92.3
92.6
92.8
92.8
92.9
92.9
92.9
93.2
93.5
97.3
89.3
92.2
95. 6
86.8
96.4
88.7
90.9
93.5
85.0
96.4
88.7
91.0
93.5
85.3
96.6
88.8
91.4
93.7
85.5
96.6
88.8
91.8
94.1
85.9
96.9
88.9
91.8
94.6
97.0
89.1
92.0
94.5
86.0
96.9
89.1
92.1
94.6
86.0
97.0
89.1
92.2
94. 6
86. 0
97.3
89.1
91.8
95. 0
86.7
97.3
89.3
92.1
95.3
86.7
79.6
79.2
79.2
79.4
82.6
72.6
80.7
68.2
67 7
69. 9
82.0
72.4
82.1
67.3
64.1
66.1
81.7
73.3
82.0
67.6
71.6
63.8
81.7
73.8
81.7
69.1
73.5
67.2
81.9
81.6
72.3
80.1
61.2
71.2
81.6
71.9
81.3
63.0
69.1
84.0
93.0
91.6
91.3
100.1
77.4
85.2
79.7
69.8
74.1
76.5
82.2
53.9
104.0
104.3
97.8
107.2
88.4
94.2
82.3
83.9
93.0
91.6
91.3
99.5
77.7
85.3
80.3
70.9
72.8
77.7
80.4
52. 5
103.7
105.2
95.2
107.5
88.5
94.4
82.4
85. 5
73.1
77.2
86.3
87. 5
98.1
85.1
72.9
77.8
85.6
86.7
96.8
99
120
79
121
71
83
112
93
90
97
117
75
117
66
79
107
123
95.9
82.3
60.4
76.2
84.1
98.9
90. 2
90. 8
117. 5
77.5
85.1
95. 9
69. 9
71.9
49.3
102.3
101. 2
93. 2
107.1
88. 6
95. 0
81.8
r
97
104
76
111
73
r
85. 5
73.1
77.4
85.9
87.4
98.1
99
112
78
116
79
80
112
99
100
91.9
94.4
86.0
88.9
91.7
94.3
86.0
78.7
78.4
78.6
78.4
77.5
77.7
77.4
78. 0
78.7
81.4
72.7
79.9
68.7
72.8
65.6
81.1
72.0
79.7
67.9
73.4
67.1
81.2
73.0
78.2
69.4
77.2
68.4
81.3
72.0
78.3
67.9
71.2
69.6
80.5
70.7
77.9
66.2
64.4
64.7
80.9
70.7
77.8
66.5
60.8
69.8
81.0
69.8
77.0
65. 6
59. 3
71.5
.SI. 5
70. 5
77. 6
66. 2
(51.7
72.4
S2. 1
71.4
79. 4
66.4
65. 4
70. 6
81.5
71.7
81.9
60.3
69.9
80.8
71.1
80.0
58.7
68.4
80. 5
70.2
78.6
58.7
69.2
80.5
71.6
77.4
65.7
71.1
80.5
71.4
72.8
69.2
73.8
79.8
70.3
72.2
73.9
70.7
80.0
70.3
73.7
69.0
72.9
79.9
70. 1
74.3
63. 2
76. 1
SO. 4
71. 5
75.1
60. 8
79. 0
81.3
71. 1
83.9
93.4
91.6
91.4
98.7
77.7
85.3
81.3
71.3
72.7
77.6
78.6
51.7
103.6
102.6
96.0
107.8
87.9
94.0
81.4
83.2
93.2
91.2
91.4
97.7
77.5
85.3
81.3
71.0
72=4
78.2
81.6
50.9
102. 4
97.0
94.2
108.2
88.0
94.2
81. 5
82.9
93.3
90.4
91.2
97.4
77.0
85.1
81.4
70.6
72.2
77.1
80.4
50.4
101.8
94.3
93.5
108.4
88.0
94.2
81.5
82.5
92.5
90.2
90.3
96.7
76.8
85.0
81.8
70.7
71.8
76.0
82.0
50.4
101. 8
94.8
93.2
108.2
88.4
94.5
81.9
82.5
92.5
90.2
90.5
96.0
76.7
85.1
82.0
70.8
71.7
73.9
84.4
50.7
101.3
92.2
93.6
107.9
88.5
94.8
81.9
82.2
92.4
90.2
90.6
94.8
76.1
85.1
82.2
67.4
71.4
74.2
87.4
50.0
99.2
81.9
92.4
107.9
88.5
94.9
81.7
82.3
92.7
90.1
90.6
94.8
77.0
84.9
95. 9
67.3
71.1
73.3
88.2
49.5
99.0
84.6
91.4
107.0
88.5
94.8
81.8
82. 0
93.3
90.1
90. 6
98.4
76. 7
84.8
96. 2
68.0
71.1
72.4
84.5
49.2
96.9
77.1
88.3
107. 0
88.5
94.8
81.8
82. 3
95. 6
90. 2
90. 6
107. 1
76.8
S4. 8
96. 0
68. 1
71.0
73. 5
84.8
48. 9
98. '6
84. 0
88. 9
107. 0
88. 5
94.8
81.8
83. 5
97.8
90. 2
90. 7
114.4
76. 9
85. 0
95. 8
68. 1
71.6
58*. 9
""82.4
49. o
100. 4
m. 8
90. 9
107.()
88. o
95. o
Revised.
» Preliminary.
® N u m b e r of quotations increased to 887 in recent months, f Covers 37 cities beginning J u n e 1940 (June index for 38 cities, 83.4).
§ D a t a for December 15,1940: Total 101; chickens and eggs 122; cotton and cottonseed 79; dairy products 128; fruits 75; grains 81; meat animals 111; truck crops 88; miscellaneous 102.
lly data beginning 1933, corresponding to the annual figures shown on p . 13 of the 1940 Supplement, see table 23, p . 18, of the April 1940 Survey.
ucts (title
.
^
.
- , A- . - , - . -.„--- . - -. ey. Index of cost of living and food component and
t , _ _.t
index of wholesale prices of lumber revised beginning 1935; see tables 5 and 7, respectively, p . 18 of this issue.
*New series. Indexes of prices of commodities other t h a n farm products beginning 1913 appear in table 36, p . 18 of the September 1940 Survey. Indexes of manufacturers'
inventories beginning January 1939 are available in table 3, p . 13 of the September 1940 Survey, except for textile-mill products and other nondurable goods (revised), for which
see p . 21 of the November 1940 issue.
22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may bejfound in the Novem- Noveni-1 Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March
April
May
June
July
August
September October
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Con.
Commodities other than farm products and
foods—Continued.
Metals and metal products
1926=100..
Iron and steeldo
Metals, nonferrous
do
Plumbing and heating equipment
1926=100..
Textile products
do
Clothing
do
Cotton goods
do
Hosiery and underwear
do
Rayon*
do
Silk*,
do....
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
do
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
97.6
95. 3
83.9
96.0
96.0
85.1
96.0
96.1
95.8
96.3
95.3
96.3
79.2
95.5
96.4
79.7
94.5
94.3
79.2
94.5
94.2
80.3
94.7
94.3
81.2
95.1
94.6
94.9
94.8
79.1
95.4
94.9
80.7
97.3
94.9
83.6
80.5
74. 5
85.7
73.6
61.5
29.5
42.8
88.8
79.3
76.4
83.8
74.8
64.8
29.5
56.5
90.5
77.0
55.6
88.0
79.3
78.0
84.2
75.2
66.0
29.5
66.0
90.3
77.4
55.6
89.0
79.3
77.9
84.5
75.4
68.4
29.5
61.8
90.4
77.7
55.6
79.1
75.4
84.9
73.6
64.5
29.5
51.6
87.2
77.3
55.6
89.5
81.0
74.0
85.1
71.8
62.2
29.5
49.9
84.5
76.9
55.6
89.0
80.9
72.9
84.7
70.2
61.7
29.5
45.4
83.8
77.7
58.0
89.5
80.6
72.9
85.0
69.4
61.3
29.5
47.0
83.4
77.7
58.0
90.7
80.5
72.6
85.3
68.4
61.6
29.5
46.1
83.7
77.3
58.2
91.7
80.5
72.4
85.3
68.8
61.5
29.5
43.3
83.9
77.7
58.8
93.5
80.5
72.3
85.6
68.6
61.5
29.5
43.0
83.7
76.7
58. S
93.5
80.5
72.5
85.6
69.2
61.4
29.5
42.8
84.2
76.5
58.8
93.2
80. 5
73.6
85.7
71.5
61. 4
29.5
44.7
86.3
76.9
58.8
93.2
127.2
130. 9
151. 5
119.5
127.2
133.3
153.1
120.2
126.8
133.5
148.6
120.2
128.0
130.9
145.6
119.5
128. 5
132. 3
151.5
119.9
128.1
131.6
149.9
119. 6
128.5
130.4
149.9
119.3
129.9
128.7
154.8
118.9
129.6
129.9
154.8
119.0
130.1
131.4
153.1
119. 5
129.1
130.2
151.5
118. 9
128. 0
131. 6
148.6
118.9
58. 6
93.1
PURCHASING POWER OF THE
DOLLAR
Wholesale prices- _ _
Retail food prices!
Prices received by farmers
Costoflivingf
1923-25=100..
do
do
do_...
125.
131.
148.
118.
6
9
6
9
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25= 100..
74
69
61
54
63
59
Residential, unadjusted..
do
51
44
50
60
83
Total, adjusted
do
86
75
63
v 103
62
Residential, adjusted
do
61
60
53
56
57
:?84
F. W. Dodge Corporation (37 States):
Total projects
number.. 31,528
22, 323
18, 831 13, 517
15, 595
23, 920
Total valuation
thous. of doL. 380, 347 299, 847 354,098 196,191 200, 574 272,178
Public ownership
.
do
194,591 143,647 225,095
92, 532
81, 666
94, 971
Private ownership
.__
do
185, 756 156, 200 129,003 103, 659 118,908 177,207
Nonresidential buildings:
Projects
number..
3,242
2,852
6,144
2,711
2,453
3,645
Floor area
thous. of sq. ft.. S3. 890
9,109
12, 356
14,444
15, 420
11,675
Valuation
thous. of doL. 148, 367
73,735
77, 769
70, 565
57, 757 52,532
Residential buildings, all types:
10,132
Projects
number.. 24.009
17, 756
14,899
11, 807
19, 053
Floor area
thous. of sq. ft.. 42,151
31,008
22, 585 19,082
31, 078
19,107
Valuation
thous. of doL. 152,838 116, 588
88, 681 77, 400
74,858 121, 708
Public works:
921
Projects
number..
975
730
762
1,008
891
Valuation
thous. of dol_. 51,430
58, 905
81, 584 180, 683
42, 929
47,861
Utilities:
454
202
214
Projects
number..
174
350
330
17, 830
Valuation
thous. of doL. 27,712
12, 222
26,977
23,906
18,398
Families provided for and indicated expenditures for building construction (based on
bldg. permits), U. S. Dept. of Labor indrxes:
Number of families provided for... 1929 = 100..
67. 4
41.7
68.0
54.6
66.3
68.2
Indicated expenditures for:
Total building construction.._
..do—
60. 8
36.1
39.4
29.9
43.6
43.3
47. 5
New residential buildings
do...
29.4
37.1
47.1
47.1
45.1
60. 3
20.5
26.4
New nonresidential buildings
do
27. 2
23.1
22.9
43. 5
41.2
52.4
47^4
Additions, alterations,and repairs. _do
48.1
39.7
Estimated number of new dwelling units provided in all urban areas (U. S. Dept of Labor):
30, 472
30, 890
29, 696 18, 552
24,182
Total
number..
21, 623
20, 052 11, 406
22, 729
1-family dwellings
do
15, 995
1,094
1,247
2, 111
2-family dwellings
do
1,721
2,215
6,052
Multifamily dwellings
do
7,533
8,020
6,466
5,528
Engineering construction:
Contract awards (E. N. R.)§...thous. of dol. 382,724 302, 215 190, 327 191,977 27C, 928 179, 836
73
73
64
62
78
75
64
64
86
76
74
69
93
78
85
77
26,101
300, 504
103.450
197,054
29,201
328,914
111,578
217, 336
26,679
324,726
147,316
177,410
3,815
16,610
88,821
4,346
16,971
90,164
20, 594
33,459
135, 420
r
28,466
398, 673
204, 568
194,105
93
94
82
81
93
90
82
82
31.512 31, 671
414, 941 347, 651
195, 293 143, 996
219, 648 203, 655
34,
383,
174.
208,
4,078
18,028
91,995
4,130
23, 413
138, 954
5,199
135
23, 654 23! 431
119,189 101, 295
7, 284
34.028
136, 405
22,939
36,312
145,912
20, 584
33,537
135, 274
22, 387
36, 227
140, 430
24, 277 24. 758
38, 987 41, 630
152, 988 152, 372
24.888
40,778
148. 469
1,512
62, 881
1,733
81, 261
1,789
74,433
1, 686
85, 681
1,685
119, 358
1, 339
59, 898
1,482
73,220
180
13, 382
183
11, 577
228
23,024
263
33, 608
351
23, 406
439
34. 086
430
24.975
82.7
90
r
95
'85
084
069
506
563
79.6
63.0
79.5
80.4
Si). 2
r
98. 0
52.1
57.4
29.5
64.4
52.8
58.5
30.4
62.1
46.6
45.2
30.9
69.1
55. 9
56.4
39.5
65.8
55. 5
55. 5
40.8
60. 4
51.4
60. 5
28.1
60.5
r
78.0
69. 2
69. 8
57. 0
37, 328
27,420
2.574
7,334
36, 271
27,421
2,967
5,883
28, 706
23. 417
1,991
3,298
35,432
28, 275
2,862
4,295
35, 814
28,769
2,922
4,123
211,816
282, 296
252,763
352, 852
4,058
3,170
888
7,537
5.496
2,041
6,288
4,575
1,713
5,227
3.406
1,821
4,633
4.782
47, 619 46, 922
7,306
6,347
98, 452 106. 063
196, 974 211,630
4,645
50,515
4,731
50, 724
4,034
43,925
8,388
115,864
230,819
8,915
121, 248
242,425
9,612
126, 761
253. 523
37
27
"3
6
r
r
r
221
028
720
473
397, 253 36S 252
702,842
6,416
4,049
2, 368
4 744
3 170
1 574
5, 960
3, 673
2,287
3,902
41, 210
3 , 578
37 242
3, 030
32,356
9,439
9 ,390
128, 737 131,614
257, 567 264,589
8, 906
127, 250
256, 691
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. sq. yd_. , 855
Roads.
__do
,197
Streets and alleys
do
,658
Status of highway and grade crossing projects
administered by the Public Roads Administration, Federal Works Agency:
Highways:
Approved for construction:
Mileage
no. of miles__
Federal funds
thous. of doL. 33
Under construction:
Mileage
...no. of miles.. 8,
Federal funds
thous. of doL. 121
Estimated cost
doL_.l 244,
r
3,718
2,491
1,228
4,951
3,260
1,691
2,597
1,730
867
3,122
2,297
825
3,100
35,315
3, 528
40,132
3,880
45, 616
4, 264
46, 677
5,984
5,837
6,746
90. 220
101, 855 91,429
205,183 184, 441 180,686
5, 966
92.864
185, 954
2,486
1,827
659
Revised.
*> Preliminary.
§Data for November 1939 and February, May, August, and October 1940 are for 5 weeks; other months, 4 weeks.
•New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18, of the May 1940 Survey.
fRevised series. Revised beginning January 1935; see table 4, p. 18, of this issue.
23
SUEVEY OF CUERENT BUSINESS
January 1941
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February
March
April
May
June
July
August
September October
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTEUCTKON-Con.
Status of highway and grade crossing proj. administered by the P u b . Rds. Adm.—Con.
Grade crossings:
Approved for construction:
Federal funds
thous. of doL.
Estimated cost...
do
Under construction:
Federal funds
_...do
Estimated cost
do
9,081
9,307
10,180
11,060
11,428
11,986
12,447
13,075
12,617
13,193
12,133
12,908
9,810
10,420
10, 328
11,394
10,119
11,094
9,652
10, 596
9,496
10,198
9,779
10,214
34,813
36,352
35,112
36, 577
30,528
32, 258
30,410
32,077
31,167
32,775
31.787
33,272
34,525
35,819
36, 458
37,751
37,013
38,239
37, 682
39,010
38.323
39, 674
35,975
37,543
208
198
228
191
214
203
190
221
186
210
203
191
221
185
210
203
192
221
184
211
203
191
221
184
211
202
189
221
183
210
203
190
221
183
210
202
191
220
184
202
191
220
184
208
202
192
220
184
209
202
192
220
184
209
206
195
225
190
212
208
198
227
191
214
192
188
188
187
187
187
187
188
188
189
189
191
98.0
132.9
115.5
120.2
95.3
131.4
118. 2
119.0
96.0
131.1
118.0
118.9
96.0
131.1
118.0
118.9
96.0
131.0
118.0
118.8
96.5
131.3
118.0
119.0
96.6
131.9
117.1
118.9
96.7
131.9
117.2
118.9
96.5
132.1
114.5
118.8
96.6
132. 3
114.9
118.8
96.8
132.6
115.1
119.0
97.3
132.8
115.3
119.4
98.0
132.9
115. 5
120. 2
99.1
135.9
118.6
120.7
97.5
134.0
122.8
120.0
98.2
133.7
122.7
119.9
98.2
133.7
122.7
119.9
98.1
133. 7
122,7
119.9
98.1
134.0
122.7
120.0
98.2
134.6
121.9
119.9
98.3
134.6
121.9
120.4
98.2
135.5
117.8
120.3
98.2
135.5
118.2
120.3
98.4
135.7
118.3
120.4
98.7
135.8
118.4
120.6
99.1
135.8
118. 6
120.7
98.7
132.3
114.8
120.5
93.8
131.0
118.4
118.9
96.8
130.4
118.1
118.7
96.9
130.4
118.1
118.7
96.8
130.3
118.1
118.6
96.8
130.6
118.1
118.8
97.0
131.3
115.2
118.7
97.1
131.3
115.3
119.1
96.9
131.1
113.1
118.9
96.8
131.2
114.0
118.9
97.1
131.7
114.3
119.2
97.8
131.9
114.6
119.7
98.7
132. 2
114.8
120.5
96.2
128.2
107.9
117.6
88.1
125.5
107.0
111.1
88.3
125.1
105.8
110.4
88.4
125.1
105.8
110.5
88.1
124.4
105.8
109.8
88.5
124.8
105.8
110.9
89.4
125.9
105.8
110.4
89.5
125.9
106.2
110.8
88.8
125.4
104.3
110.1
88.5
124.4
104.4
110.1
89.6
126.1
105. 8
111.2
92.3
127.2
107.0
113.3
96.2
127.8
107.8
117.6
95.6
127.2
103.3
116.6
85.3
124.8
101.6
108.1
85.5
124.5
100.2
107.2
85.7
124.5
100.2
107.4
85.3
123.6
100.2
106.5
85.7
123.9
100.2
107.9
86.8
124.4
100.2
107.2
87.0
124. 4
100.5
107.8
86.1
123.6
98.6
106.9
85.7
122.3
98.8
106.9
87.2
124.5
100.8
108.3
90.6
125.9
102. 2
111.0
95.6
126. 7
103.1
116.6
249.1
238.2
238.3
238.3
238.3
238.3
238.9
241.6
242.2
242.2
244.1
245.0
247.2
110.6
107.8
116.3
106.5
104.4
110.8
106.6
104.5
110.6
106.4
104.4
110.2
106.5
104.5
110.3
106.4
104.5
110.3
106.2
104.3
110.0
106.2
104.4
109.9
106.2
104.4
109.7
106.0
104.3
109.5
106. 2
104.4
109.7
107.0
105.0
111.0
108.7
106.5
113.3
65,013
53,200
8,831
44, 980
63, 602
76,874
79, 930
84, 357
88, 074
9,379
84,689
92,083
9,473
9,855
35,831
37, 226
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100.
American Appraisal Co.if
Average, 30 cities
___ 1913=100.
Atlanta..
do.._
New York
do
San Francisco
-.do
St. Louis
do.__
Associated General Contractors (all types)
1913=100.
E. H . Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100.
New York
__,
do
San Francisco
do
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
.
do...
New York
do
San Francisco
.
do
St. Louis
do
Brick and steel:
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) §
1913=100..
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index
1936=100..
Materials
_
do
Labor
do
191
191
193
194
REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for Insurance
thous. of doL. 66, 754
Premium-paying mortgages (cumulative)
thous. of doL. 2,628,851
Estimated new mortgage loans by all savings
and loan associations:
Total loans
.
thous. of doL_ 94. 567
Classified according to purpose:
Mortgage loans on homes:
Construction
do
32, 584
Home purchase
do
33,875
Refinancing
do
14,441
Repairs and reconditioning
do
4, 869
Loans for all other purposes
do
8,798
Classified according to type of association:
Federal
_....thous. of doL. 38,896
State members...
do
40, 143
Nonmembers
do
15, 528
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Associations, estimated total mortgages outstanding
thous. of doL. 1,533,246
Federal Home Loan Banks, outstanding advances to member institutions
thous. of doL. 185, 547
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of doL. 1,968,816
Foreclosures:
Nonfarm real estate
_ 1926=100,.
103
Metropolitan communities
do
94
Fire losses
thous. of doL.
1,905,071 1,969,862 2,034,920 2,086,518 2,132,701 2,180,413 2,233,991 2,288,348 2,348,663 2,411,632 2,479,964 2,559,984
86,076
;3,112
66,944
71, 522
90, 368
108,001
26, 607
30, 434
15, 445
4,720
8,870
26, 923
27, 779
15,001
4,335
9,074
19, 488
22,039
13,999
3,455
7,963
20,152
25,389
14,590
3,437
7,954
26, 711
32,168
16, 769
4,657
10,063
33, 764
37,821
20, 859
6,097
9,460
34, 785
34, 671
16, 620
34,053
33, 209
15,850
28,008
25, 737
13,199
29, 786
28, 941
12, 795
38,241
36, 484
15,643
46, 577
43, 015
18,409
114, 542 106,984
114, 301
117,622
111,775
114,400
36, 956
42,049
18,034
6,896
10, 607
35, 523
38,402
17,147
5,691
10, 221
39,907
40, 658
17,649
6,115
9,972
42,488
40, 567
17, 762
6,079
10, 726
39,417
40,947
15,483
6, 283
9, 645
41, 610
40, 771
16, 840
5, 756
9,423
49,287
45, 803
19,452
47, 435
42, 214
17,335
48, 676
45, 414
20, 211
50, 305
46, 807
20, 510
46,480
45, 988
19,307
48,307
46, 224
19,869
1,252,559 1,271,161 1,280,200 1,296,464 1,317,975 1,348,072 1,376,700 1,405,100 1,432,100 1,461,867 1,487,974 1,515,392
168, 822 181, 313 156, 788 144, 515 137, 642
133,811
137, 509 157,397
162, 222 168,402
176,047
181,526
2,043,288 2,038,186 2,031,341 2,026,614 2,021,951 2,020,572 2,017,395 2,012,760 2,004,737 1,996,443 1,987,611 1,980,704
136
114
103
126
112
113
126
116
111
111
108
111
121
108
106
129
108
99
104
119
108
108
105
106
27,959
26,
657
21,198
27, 248
36, 261 34,410
29, 789
23,447
19,506
20, 323 20, 722
23,449
§Beginning with the September 1940 issue of the Survey indexes computed as of the first of the month are shown as of the end of the preceding month. The Engineering News Record Index is similarly shown in the 1940 Supplement as of the end of the preceding month.
tRevised series. Revised indexes beginning 1913 are available in table 44, p. 13 of the November 1940 Survey.
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939. together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
January 1941
1940
April
May
June
July
OctO-
AUgUSt ,
DOMESTIC TRADE
ADVERTISING
Printers' I n k indexes (with adjustment for seasonal variations):
Combined index._
1928-32=100..
F a r m papers
do
Magazines
do
Newspapers
do
Outdoor.
do
Radio
do
Radio advertising:
Cost of facilities, t o t a l . . .
thous. of dol_.
Automobiles and accessories
do
Clothing
do-__.
Electric household equipment
do
Financial
__
do
Foods, food beverages, confections
do
House furnishings, etc
do....
Soap, cleansers, etc.
do
Office furcishings and supplies
do
Smoking materials
do
Toilet goods, medical supplies
do
Allother
do....
Magazine advertising:
Cost, total
„ do-._
Automobiles and accessories..
__do
Clothing
do....
Electric household equipment
do
Financial...
..do
Foods, food beverages, confections
do
House furnishings, etc
do._.
Soap, cleansers, e t c . . . .
do
Office furnishings and supplies
do...
Smoking materials
do...
Toilet goods, medical supplies
do___
All other
do...
Linage, total
thous. oflines.
Newspaper advertising:
Linage, total (52cities)
do...
Classified
do...
Display, total
do...
Automotive
do._.
Financial...
do...
General...
do...
Retail
.
do...
84.9
06. 7
85. 3
79.7
62. 5
340.1
84.0
69.3
82.0
79.9
60.6
312.6
89.4
70.9
80.4
84.3
88.3
318.5
79.4
57.8
74.8
73.4
78.9
325.6
82.7
60.7
80.0
77.1
77.2
306.2
85.3
59.0
81.8
79.9
83.6
289.4
84.7
66.4
83.0
78.1
87.2
290.8
69.1
85.1
83.2
86.2
325.2
84.6
62.5
85.8
76.9
82.0
358.4
84.1
58.5
88.4
74.6
86.4
416.5
87.4
63.0
79.9
80 4
89.4
416.3
86.4
58.3
80.9
79.4
87.7
396.8
9,016
724
74
0
91
2, 480
93
949
16
1, 281
2 365
943
8,036
641
34
0
98
2,729
45
925
0
1,153
2,163
247
8,127
636
41
0
92
2,769
49
915
0
1,134
2,225
265
8,299
683
30
0
85
2,740
50
942
0
1,219
2.328
221
7,800
634
32
0
59
2,663
87
902
0
1,119
2,084
220
8,208
670
45
0
62
2,737
89
931
0
1,190
2,210
274
7,728
722
33
0
74
2.389
80
912
0
1,190
2,126
201
7,928
728
56
0
92
2,383
90
963
0
1,283
2,109
224
7,086
680
54
0
81
2,039
85
846
0
1,157
1,926
218
7,137
498
35
0
94
2,095
87
977
0
1,193
2,002
158
6,842
489
33
0
90
1,889
79
907
0
1,224
1,897
235
7,273 I ' 9, 832
506
742
50
55 1
0
0
i
87
92
2,018
r 2, 530
91
103
874
1,011
2
0 I
1.302
1,169 !
2, 609
2,088 i
1, 390
385 !
15, 861
2,427
878
531
432
2, 582
945
471
248
874
2, 295
4,180
2, 460
13, 821
2,159
755
337
400
2,103
874
382
203
704
2,474
3,429
2,255
12, 262
1,300
555
406
318
1,771
681
269
303
647
2,219
3, 794
1, 711 j
8.274
1,318
271
88
376
1,271
255
217
119
620
1,422
2,317
1,973
12, 314
1,616
596
239
365
2,129
475
478
166
598
2,396
3, 256
2,343
16, 261
2.483
1, 095
585
458
2,477
730
497
263
824
2,723
4,124
2,779
17,312
2,986
r 1,024
747
481
2,285
1,130
468
192
663
' 2, 576
4, 759
2,725
16, 454
2,744
••925
842
441
2,213
1,134
514
235
702
' 2, 325
4,378
2,430
15,648
2,415
'807
657
504
2,391
826
546
150
863
2,420
4,069
2,014
10,797
1,439
231
261
343
2,138
304
413
80
762
1,969
2, 857
1,706
10,005 r 13,635
1,611
1,215
1,061
493
281
149
283
378
2,140
2,004
235
825
429
382
305
188
790
698
2,147
1,709
3, 668
2,650
2,410
1,888
16,623
2, 742
r 1, 216
525
452
2. 440
1,177
441
219
776
r
2, 433
4,304
2, 432
113,191
21, 071
92,119
4, 973
1, 359
16, 796
68, 992
113, 457
20,194
93, 264
4,537
1,376
18, 470
68,880
118,103 I
20,246
97, 857
3,482
1,637
14,183
78,555
88, 033
19, 075
68, 958
3. 854
2, 278
12,433
50, 393
93. 240
19, 295
73,945
4,224
1, 494
15, 740
52, 487
114, 255
22, 945
91, 309
5,620
1, 799
17, 645
66, 246
111,989
23, 083
88,906
7,007
1. 838
17, 824
62, 237
119, 883
23,936
95, 948
7,812
1,477
19, 427
67,231
103,290
23, 216
80, 074
5,639
1,485
17,069
55,880
84,440
21,194
63, 246
3, 628
1,827
13,043
44, 748
92,041
21. 964
70, 077
3, 619
1,196
12, 046
53, 216
118,784
22. 786
95. 997
6, 471
1, 606
18,511
69, 409
72.3
71.7
73.0
72.2
71.7
71.0
72.5
72.1
72.6
1,619
1,710
1, 627
1,537
1,632
106, 701
22, 328
84. 373
5, 035
1, 322
14, 546
63, 469
85.4
'66.1
83.0
78.8
78.8
r
355. 9
GOODS IN WAREHOUSES
Space occupied
houses
in public-merchandise warepercent of t o t a L .
72.3
NEW INCORPORATIONS
1,479
1,850
1,901
2.361
1,966
1,998
Air mail: Pound-mile performance
millions,.
Money orders:
Domestic, issued (50 cities):
Number
thousands..
4.
Value
thous. of dol__ 41
Domestic, paid (50 cities):
Number
thousands., 14.
Value
.thous. of doL.
Foreign, issued—value
do
Receipts, postal:
)
50 selected cities
do
33,201
50 industrial cities
do
3. 086
1,473
1,771
1, 535
1,500
1,682
1,628
1, 683
1, 597
1,634
4,150
38, 553
4, 554
41,190
4,702
41,876
4,246
39,065
4,664
42,937
4,503
41, 548
4,309
40, 028
4,151
38,218
4,226
40,144
4,134
39, 472
3, 901
39.041
4. 527
42. 719
15, 285
13, 608
111,851 100,455
3,926 | 1,604
12, 945
95,124
1,467
14, 373
106,197
1,775
13, 624
100, 793
1,450
13, S28
103,120
1,430
13,138
97,435
1,362
13,106
100,955
1,519
13,106
102,390
1,494
12. 469
99, 068
1.248
15. 096
119. 500
1,478
32, 446
3,658
42. 947
-5,118
30, 380
3,791
29,737
3,665
32, 657
3,993
31,615
3,923
32, 265
3,786
28,668
3,451
27, 626
3, 565
28, 974
3. 568
30, 325
3. 572
35. 233
4, 194
> 148.5
' 129. 0
107.9
102.8
110.8
108.5
95.6
125.8
100.7
130.8 |
133.9
112.5
145.1
112.5
131.1
104.1
143. 5
122.7
118.3
119.5
70.9
120.0
67. 7
118. 5
r 140. 1
r 133. 5
124. 0
136,0
117.0
132.0
120.0
142.0
113. 5
120.0
114.0
119.0
115.0
128. 0
115.0
122.0
117.0
123.0
119.0
120.0
119.0
132.0
122.8
134.0
121.0
137.0
120. 0
132.0
p i id 8
v 116.8
109.0
109.0
112.1
108.8
105. 4
108.7
112.1
111.5
112.0
110.9
113.2
109.9
114.0
112.3
112.8
111.1
109.9
v 112. 2
110.0
114.6
110.1
112.4
r 114.5
r 113.9
> 105. 0
' 105. 1
101. 2
102.3
136.1
101.5
96.1
100.3
95.5
98.7
96. 6
99.9
98.7
102.1
98.5
104.8
99.4
103.8
102.2
107.6
98. 6
102.7
]04. 6
103. 1
> 112. 7
' 109. 5
109.9
106.9
209.4
104.7
76.1
104.7
83.5
105. 3
99.3
105.4
92.1
103.2
101.7
105.2
99.5
104.4
97.6
106. 5
95. 8
109.2
103. 9
108.1
4, 395
150
4,001
151
7,821
151
2,785
151
2,774
151
3,846
151
3,279
151
3,751
151
3,784
151
3,334
151
3, 657
151
3. 536
149
3, 992
150
13, 290
084
12,356
685
24,406
9,042
675
9,543
675
12, 206
675
10,498
675
11,815
675
11,643
676
10, 458
677
11, 757
678
10, 870
681
12 626
682
7, 659
242
7, 295
240
15,232
240 !
5,300
240
5,603
239
6,897
239
6,401
239
6,838
239
6,310
239
6. 514
239
6,691
239
6, 839
239
7. 514
241
4,057
202
3,622
201
7, 655
200
2,767
201
202
3,246 i
203 i
3,507
203
3,611 I
203 i
3, 334
203
3,626
201
3.377
202
3, 768
202
Business incorporations (4 States)
number..
'„ 250
POSTAL BUSINESS
14, 385
108,449
1,773
RETAIL TRADE
Automobiles, value of new passenger-car sales:
Unadjusted.
1929-31 = 100..
Adjusted
do
Chain-store sales, indexes:
Chain-Store Age, combined index (20 chains)
av. same month 1929-31 = 100..
Apparel chains
do
Grocerylchain-store sales:
Unadjusted
1929-31 = 100..
Adjusted
.
do
Drug chain-store sales:*
Unadjusted
1935-39 = 100..
Adjusted.
.
do
Variety-store sales, combined sales, 7 chains:f
Unadjusted..
1935-39=100. _
Adjusted
do
Chain-store sales and stores operated:
Variety chains:
H . L. GreenlCo., Inc.:f
Sales
thous. of d o L .
Stores operated.
_
...number
S. S. Kresge Co.:
!
Sales
thous. of d o l . J
Stores operated
.
number..
S. H . Kress & Co.:
Sales
thous. of dol._
Stores operated
number. _
McCrory Stores Corp.:
Sales
thous. of doL.j
Stores operated
number..'
r
102. 2
102.7 I
;
202
r
r
108. 0
109. 7
Revised.
» Preliminary.
fRevised series. Revised indexes of variety store sales beginning 1929 appear in table 30, p . 10, of the August 1940 Survey. H . L. Green Co. data revised beginning
February 1939; for an explanation of the revision and revised data, see notes marked with a " t " on p . 24 of the September 1940 and December 1940 Surveys.
*New series. For data beginning July 1934, see table 1, p . 11 of the November 1940 Survey.
January 1941
25
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
1940
1939
to the sources of the data, may be found in the J Novem- Novem- Decem1940 Supplement to the Survey
\ ber
ber
ber
January
DOMESTIC
February
March
April
May
June
July
OctoAugust Septem- ber
TRADE—Continued
RETAIL TRADE—Continued
Chain store sales and stores operated—Con.
Variety chains—Con.
G. C. Murphy Co.:
Sales
„_.thous. of doL.
4,884
8,163
4,219
Stores operated
.. .number
202
202
202
F. W. Woolworth Co.:
Sales
thous. of doL. 29,688 • 20, 951 52, 333
Stores operated
number..
2,023
2,019
2,020
Other chains:
W. T. Grant Co.:
Sales
thous. of doL. 10,569
9,316
18, 868
Stores operated
number
494
491
494
J. C. Penney Co.:
Sales
thous. of dol__ 33,765
43, 216
28, 215
Stores operated.
number..
1,586
1,554
1,554
Department stores:
Collections, ratio to accounts receivable:
Instalment accounts
percent._
18.1
17.7
18.0
Open accounts
do..
48.7
44.5
48.7
Sales, total U S , unadjusted.,.1923-25= 100.
* 114
168
106
Atlantaf.- .
. . . . . 1M35-19=100..
141
206
125
Boston.. __
. _ .1923-25=100..
91
140
88
rimago
. . . .
do
113
99
164
Ch\eland . . . . . .
. ._
..do
116
107
171
Dallas
_.
_ . . . ..do
131
117
195
Kansas City
. . ... ...
1925=100..
99
88
154
Minneapolis
_.
1920-31 = 100..
108
97
160
New "> oik
. . . . . . . 1923-25=100..
120
115
172
Philadelphia. _ . . . .
do
99
95
139
Ruhmond _.. .
..do
149
131
217
M Toms . . . . . . .
_do
112
102
156
Son Fmncisco . .
.
._ ..do
116
105
179
'93
r95
Sales total U S , adjusted!"- ..do...
100
114
Atlanta!
..
. . . 1O3'
»
-39
=
1OO-.
129
119
ClMcaeo . .
_
_
. ll>2-i-25=100 103
98
90
Cleveland . . .
_._do
108
100
100
Dallas.. _ .
.do
117
113
104
Minneapolis .
_ .
1929-31 = 100.
104
105
94
New Yoik
.
192'.-25=100..
101
95
97
Philadelphia. .
.
. ...do
82
76
78
H Louis .
.. _..do
96
94
87 j
S<m liancisfo
_
_ do
110
104
100
Instalment sales, Xtw Englmd dipt, stores
10. 4
peicent of total sales..
10.5
stocks total C.fc, ena ol month
82
Lii.uljustcd
192 $-25=100.. |
83
64
71
Vdjustid- .
. . .
..do
!
72
68
Mail-order and stoic sales
Total sales, 2 companies _. thous ofdoL. 127,938 108,095 148,447
66,020
Montgomery Waul A, Co . . . . . . d o
54,613
47, 764
82, 427
Seats, Roebuck & Co
. ._ . __do
73,324
60, 330
Rural sales of general merchandise:
Total U.S., unadjusted.
.1929-31 = 100.. 179.4
211.7
159.7
East
do
I 176.0
229.2
167. 0
South
..do
233.9
236. 4
208.2
Middle West
do
164.5
190.1
142.8
Far West
do
186.5
242.8
164. 7
Total U. S., adjusted...
do
137.9
132.4
122.7
East
do
136.6
137.7
129.5
South
do
170. 3
157. 4
151.6
Middle West
do
j 125. 5
121. 9
108. 9
Far West..
__ .__
do
j 153. 8
148. 8
135.8
3,083
202
3,134
202
4,060
202
3,585
203
4,300
203
4,398
202
3,966
202
4,370
202
3,923
202
4,612
202
20,512
2,017
22,117
2,015
27, 545
2,016
23, 774
2,014
26, 067
2,015
26, 020
2,015
24, 507
2,013
26, 828
2,014
25,197
2,021
28, 634
2,024
5,931
492
6,109
492
8,101
492
7,620
492
8,787
492
8,911
492
7,698
492
8,750
493
8,276
493
10,172
494
18, 292
1,554
16, 032
1,557
21, 469
1,560
21,181
1,562
23,599
1,562
24,737
1,568
20, 882
1,568
24, 492
1,575
24, 791
1, 578
29, 584
1,582
17.0
48.2
71
83
69
17.2
44.6
71
100
53
74
73
91
70
70
69
53
83
73
83
'90
115
92
93
107
17.9
45.4
86
123
69
92
86
110
17.8
46.5
86
104
71
91
90
99
85
100
83
65
17.3
46.8
89
114
16.5
45.9
87
98
16.4
45.4
64
81
51
65
67
76
66
92
75
89
97
50
83
66
83
'92
118
92
92
108
103
94
73
95
101
16.9
44.1
77
107
62
86
84
94
86
101
76
60
104
78
98
'98
123
107
101
122
115
101
80
104
104
16.7
42.4
105
132
80
104
107
127
91
106
108
79
128
106
103
'97
122
100
102
115
95
104
79
99
100
17.7
47.1
101
125
'91
101
97
111
95
117
108
87
'140
101
103
'94
112
92
94
99
97
95
75
89
99
9.6
7.5
10. 0
15.1
11.2
11.8
70
70
68
89, 741 102, 228 111,883
45, 905
45,856
38, 842
65,978
50,899
56, 372
64
67
61
68
66
69
73
70
79
71
106, 417
43,104
63, 313
88, 565
37, 213
51, 352
101,512
42, 692
58,820
111,622
45, 972
65,650
133,857
56,937
76,920
122.8
126.3
135. 8
114.0
138. 4
133.8
137.3
] 60. 1
120. 4
153. 9
125.5
133.1
132.6
116.4
146.7
137.7
145.0
164. 9
123. 3
153. 9
96.4
95.7
102.6
88. 1
121.9
132.1
134.4
151.1
119. 4
148.6
119.4
120.4
121.2
110. 2
150. 5
146.0
151.1
168. 1
133. 6
163. 4
135.1
136.7
163.8
117. 7
163. 5
127.8
139.0
148.4
114. 9
139.7
158.4
167.1
207.9
138. 3
165.9
122.0
129. 8
140.3
108.9
138.2
75
70
86
67
81
74
52
84
69
80
92
108
94
93
113
102
94
72
87
98
87
86
70
85
99
93
82
69
110
91
95
89
120
94
91
112
90
89
7J
92
102
11.9 i
10.1
97
61
68
68
71
70,532
29, 984
40, 548
71,366
30,530
40,836
102.3
99.2
120. 7
96.6
108.4
134.5
130.6
152. 6
126. 3
147. 5
107.0
106.0
130. 9
96.8
114.8
132. 3
129.6
150.1
121. 8
155.1
71
119.9
120.0
151.6
110.9
120.2
136. 6
133.6
167.9
125. 1
146.0
105
90
90
89
111
92
88
103
101
90
69
92
96
9.5
74
75
93
94
105
86
100
85
74
120
88
95
'89
115
92
92
93
90
76
97
89
73
112
82
88
91
115
94
95
102
87
105
100
88
74
88
99
71
69
115. 3
115.2
134. 4
105.1
127.0
125. 4
120.8
152. 5
112.5
142.2
97
73
67
I
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
j
I
Factory, unadjusted (U. S. Department of
103.8
107. 7 ' 110. 0
99.6
99.7
99. 7
101.5
100.9 !
104.2
101.5
Labor)!
1923-25=100.. 110.7
99. 1
103.9
105. 5 ' 109.»
95.9
99.8
96.2
97.3
Durable goods!
do
112.4
97. 6
96.6 I
100. 2
96.7
96. 7
98.3
Iron and steel and their products, not in106.2
110.7 '113.6
103. 7
cluding machinery
1923-25=100., 119.3
108.3
106. 7
103. 5
101.7
Blast furnaces, steel works, and rolling
122.1
123.2
109.1
119.0
114.3
108.4
mills
1923-25=100.- 127.1
120.9
123.3
117. 4
125.8
121.8
111.5
82.9
98.1
Hardware
do
109.0
95. 9
101.3
105.6
103. 5
106.4
95.8 '101.2
81.6
' 105. 8
98.8
Structural and ornamental metal work
83.4
' 85. 6
76.0
79.9
73.5
73.4
75.4
71.1
76.0
71.6
1923-25=100..
87.5
70.3
70.0
105. 2 ' 101. 3
108.1
105. 9
94. 8
102.8
93.7
93. 6
95.6
95.4
92.7
100. 6
Tin cans and other tinware
do
100.4
74.4
73.4
68.2
71.3
66.8
66.9
68.3
68.0
67.3
71.1
66.7
Lumber and allied products
do
74. 6
73.0
'96.8
87.7
' 94. 6
' 91. 0
86.4
87.3
88.1
88.7
90.3
89.0
94.8
Furniture
do
96. 7
96.8
'66.6
61.5
64.9
66.3
61.9
60.3
61.
9
59.
5
59.5
59.1
Lumber, sawmills
do
66.4
63.3
65. 5
116.1
119.2
123.1 ' 127. 3
113. 9
115.1
113.1
112.4
113.6
Machinery, excl. transp. equip
do
130.9
113.1
113.1
111.0
Agricultural implements (including trac133.5 ' 134.9
139. 6
137. 3
130.6 ! 131. 2
141.4
tors)
1923-25=100 . 136.6
141.1
!43. 6
130. 9
135. 2
124. 6
Electrical machinery, apparatus, and
103. 8
111.2 ' 116.1
101.9
106. 6
101.5
101.7
101. 7
100.4
102.6
101.6
supplies..
1923-25=100.. 120.3
Engines, turbines, water wheels, and |
174.
182.2 ' 190. 4
148.9
167. 5
140.2
125.3
133.0
134. 5
windmills
1923-25=100.. •• 198.7
109. 8
158.1
8
Foundry and machine-shop products
!
103. 4 ' 106. 7
98.0
100 5
96.5
96.9
97.2
97.6
97.2
97.2
95. 4
97. 2
1923-25-100..! 109.9
234. 8
248.0 ' 257.8
237. 5
221. 1
229. 1
204.8
211.0
216.3
192. 2
196.8
183. 9
Machine tools*
do
265.7
143. 4
159.5 ' 163.6
141.0
136.5
157. 1
128.3
136.4
126.3
121.7
Radios and phonographs
do
158.9
179. 7
162. 3
107 0
119.8 '126.1
108.6
113. 8
105. 3
105.6
109.8
107.1
Metals, nonferrous, and products
do
129.2
107.2
113. 5
112.9
T
138. 2
127.1
146. 6 ' 154. 9
129.6
125.5
135.7
125.8
128.7
128.3
Brass, bronze, and copper products.do
161.2
137.7
137. 4
r
Revised.
» Preliminary.
t Re vised series. For revised index of department store sales in Atlanta district beginning 1919, see table 53, p . 16, of the December 1940 Survey. Seasonal factors for addepartment
follow: 1935—Oct.
jjusted index of United States
t
e p e sstore ssales
s rrevised
e s e bbeginning
g n n g 11935;
9 3 ; revised
e e d data
t not shown
own above follo
1 3 5 t 79,
7 , Nov. 81;; 1936—Oct. 91,, Nov. 93;; 1937—Sept.
p .
93 O
t 95,
95 N
938M
80
t 85,
85 Oct.
O t 86,
86 Nov.
N
87 Dec.
D 88;
88 1939—Feb.
1 9 3 9 F b 88,
88 M
Ma y 87.
87 J lly 87.
87 Aug.
A g 88
p t 90
begin »
93,
Oct.
Nov. 90
90; 11938—May
80, S
Sept.
87,
88, S
Sept.
90, Oct
Oct. 92
92. Indicated
Indicated employment
employment series
series revised
revised begin
ning J a n u i r y 1939:, see table 57, p. 17, of the December 1940 Survey.
*New series. For data beginning 1923, see table 39, p . 15, of the October 1940 Survey,
281788-41
i
26
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March
April
May
June
July
Septem-; October j ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, unadj. (U. S. Dept. of Labor)—'Con.
Durable goods—Continued.
Stone, clay, and glass prod--.1923-25=100. .
85.8
84.5
"87.8
82.4
82. 0
82. 9
.7
77.7
75.5
Brick, tile, and terra cotta
do
64. 7
64.4
'65.0
64.1
60. 9
63. 1
65.2
57.0
52.9
Glass
do :
109.3
106.9
103.3
' 113.2
104. 4
104. 9
117.0
105. 6
102.5
126.9
' 139.4
Transportation equipment!
do I 144.8
' 105. 1
99.7
116.7
114.3
116.7
116.1
Aircraft*
do
2, 676. 4 2, 913. 5 3,146. 6 3,478. 6 3, 764. 3 4,107. 6
4, 485. 5
2, 274. 6 2, 302. 6
111.8
' 124. 7
Automobiles
do
82.3
109.8
104. 9
127.5
115.8
113. 1
85.4
188.1
' 197. 4
Shipbuilding *
do
170.2
158.2
162.8
205. 4
137.5
142.7
181.1
109.7
' 110. 2
Nondurable goods
do
103.3
101.5
101.7
109.1
105.3
106.1
107.6
Chemical, petroleum, and coal products
122.6
119.4
' 125. 3
1923-25-100..
118.5
119.0
120.8
125. 3
121.0
121.0
123.4
143.4
141.6
145.6
Chemicals
do
140.4
136. 2
138.3
148.6
135. 8
136.1
135. 2
126.1
123.5
' 125.1
Paints and varnishes
do
124.6
125. 9
126.4
126.0
123. 5
123.2
124.4
122.6
122.7
' 121.2
Petroleum refining
do
122.9
121.8
123.2
120.9
121.6
120.9
121.1
311.7
307.7
Rayon and allied products
do
306. 9
'311.1
304. 3
306.0
314.5
313.5
313.3
305.8
145.8
' 147. 5 ' 141.4
Food and kindred products
do
135.4
121.7
129.7
132.8
119.5
118.8
119.7
146.6
Baking
do
146.6
' 145.9
144.8
147.1
147. 0
145.6
141.4
142. 3
142. 5
108.0
Slaughtering and meat packing
do
106.8
' 109. 6
105.7
108.2
111. 1
116.0
111.8
108. 6
103.6
90.8
Leather and its manufactures
do
92.0
90.0
86.8
91.6
86.9
97.4
99.3
94.2
89.7
91.1
Boots and shoes
do
'88.4
84.8
90.7
83.9
95.8
98.3
93. 1
84.6
116.
2
115.2
Paper and printing
do
'
117.7
114.5
114.7
118.3
115.1
114.6
113.8
115.0
116.7
116.9
' 115.1
Paper and pulp
do
116.2
117. 1
115.8
114.1
113.0
112.0
115. 2
' 89. 4
85.9
'92.8
Rubber products^
do
83.4
83.5
94.7
84.7
90. 0
88.0
83.8
' 72.6
70.5
'74.0
Rubber tires and inner tubes
do
68.5
69.3
75.7
69.7
73.0
73.6
69.0
'
102.
6
99.7
'
104. 5
Textiles and their products!
do
94.5
105.3
98.8
93.7
105.
5
103. 5
96.0
92.8
90.4
' 96.1
88.0
Fabrics!
do
98.6
85.7
88. 3
95. 5
87.0
95. 9
120.7
116.
7
119.0
104.9
Wearing apparel
do
107.9
115.7
123.7
118.6
112. 2
116.1
65.8
64.4
66.5
62.4
Tobacco manufactures
do
66.7
64.9
63.8
62. 2
61.7
59.0
105. 2 ' 107. 6
103.8
101.6
Factory, adjusted (Federal Reserve)!
do , 110.2
100.4
99.3
102. 2
99. 3
104.0
104.7
' 108.4
97.8
Durable goods!
do j 111.4
96.4
95.4
95.2
99.9
97.6
101.7
Iron and steel and their products, not
' 112. 8 ' 116.1
107.3
including machinery
1923-25=100 .
103. 7
111.1
Blast furnaces, steel works, and rolling
123
125
120
mills
1923-25=100.115
123
101
105
Hardware
do
84
82
Structural and ornamental metal work
84
81
78
75
1923-25 = 100...
73
96
99
98
Tin cans and other tinware
do
100
100
70.7
69.0
71.3
Lumber and allied products
do
67.5
67.4
91
90
91
Furniture
do
89
90
64
62
64
Lumber, sawmills
do
60
60
122.4
' 126. 6
Machinery, excl. transp. equip
do
116.6
114.9
120.0
Agricultural implements (including trac141
143
tors)
1923-2,5=100-.
133
136
139
Electrical machinery, apparatus, and
111
'116
supplies
1923-25 = 100—
107
Engines, turbines, water wheels, and
181
195
windmills
1923-25=100-165 I
152
175
Foundry and machine-shop products
103
101
'107
1923-25 = 100-.
98
97
95
247
257
247
Machine tools*
do
'237
228
183
138
134
145
Radios and phonographs
do
145 '
144
160
118.6
'
122.
3
'
115.
6
Metals, nonferrous, and products
do
110.7
108.2
110.1
147
153
140
Brass, bronze, and copper products, do
132
128
137
83.0
'
84.
7
81.8
Stone, clay, and glass products
do
'81.3
79.8
85.0
61
60
Brick, tile, and terra cotta
do
61
60
58
58
64
109
10'
112
Glass..
do
' 105
103
103
109
120. 9 ' 129. 9 ' 139.9
Transportation equipment!
do
110.7
111.8
111.6
102. 3
Aircraft*
do
3,115 | 3,479 | 3, 881 ' 4, 243
2, 829
2, 598
1,951
115
' 107
' 125
Automobiles
do
97
102
105
100
187
186
' 195
Shipbuilding*
do
175
164 j
154
133
105.7
105. 7 ' 107. 0
104. 1 ' 105.1
Nondurable goods
1923-25 = 100103.0
109.2
Chemical, petroleum, and coal products
121.3
122.2
' 122. 9
' 122. 4 '121.7
1923-25 = 100121.3
141
141
143
138
138
Chemicals
do
137
127
126
125
124
122
Paints and varnishes
do
126
121
'
121
122
122
123
Petroleum refining
do
123
309
306
310
308
315
Rayon and allied products
do
310
127.0
'
129.
8
'
130.1
129.0
j
131.9
129. 6
Food and kindred products
do
144
144
146
146
146
145
Baking
do
109
' 110
108
111
109
106
Slaughtering and meat packing
do
91.1
89.9
89.1
90.9
89. 6
99.1
Leather and its manufactures
do
90
88
87
89
88
Boots and shoes
do
116. 2
115.7
116. 4
116.4
115.7
Paper and printing
do
115. 7
115
117
117
117
lift
Paper and pulp_...__
do
115
'91.6
89.7
"87.0
84.7
84 2
Rubber products.-.
.
do
• 93.0
r 74
73
69
71
69 j
Rubber tires and inner tubes. _._do
75
101.9
101.1
' 102. 6
96.8 ! 100 2
Textiles and their products!
do
107. 5
93.
5
92.6
PL
3
'
95.
2
88.0
i
Fabrics!
. _ . _ _ _ do
99.7
116.4.
1 16. 1
116. 1
114.8
112.4
Wearing apparel
.
do
120. 4
62.
8
63.
7
63.0
63.
3
65. 2
Tobacco manufactures
. .do
63.1
Factory, unadjusted, by States and cities:
State:
108.
' 110.2
99.3 I 107. 7
100.9
Delaware
.......
1923-25 = 100..
98.2
98. 4
96. 1
96.9
98. 5
98.9
97. 1
112.
113.9
107.1 i 110.0
105.4
Illinois!
1935-39 = 100..
108.1
108.2
105. 9
105. 3
04.0
104. 4
106. 0
138.
137. 3
142.4
136.2
137. 6
Iowa
.__ 1923-25 = 100..
137.0
140.4
135. 7
134.6
134. 9
136.5
136.2
111.
110.
5
'
113.3
108.9
106. 4
Maryland
1929-31=100..
105. 5
105. 8
104.0
105. 2
105. 4
106. 0
104. 4
82.
79.9
84,9
74.6
Massachusetts
1925-27 = 100..
8
81.9
80.7
78.0
76.3
74.9
80.8
115.
111.3
116.6
105. fi 106' 0 i
New Jersey- 1923-25 = 100..
107.4
106. 2
103. 5
JOS. 7
103.1
103. 8
103. 4
93.3
99.7
88.9
97.
89.6
New York
1925-27 = 100..
91.6
91.1
91.8
89.6
91.5
88.7
89.9 I
97.4
103. 5
94. 0
100.
94.2 j
Ohio
1926 = 100
97. 8
94.3
93.
97.0
92.7
95.6 | 95. 3
89.6
' 93.9
85. 5
' 91.
87.0 !
Pennsylvania
1923-25 = 100.
91.4
86.8
85. 3
88. 3
•91.8
84.3
S8.9 !
95.9
101.7
92.4
100.
92.9
90.9
Wisconsin
1925-27 = 100.
99.3 !
92.1
90.0
90.4
91.0 '
89. 5
City or industrial area:
108.8
105.7 i 108.0
' 110.3
Baltimore
1929-31 = 100
102. 6
102.6
110.9
Chicago!
1935-39 = 100.
106.7 I 108.7
113.2
104. 6
104.4
103.7
Cleveland
1923-25 = 100
97.7 I 101.3
107.8
96.9
97.0 !
' Revised.
tRevised series. Slight revisions were iua<.
ade in data for textiles and products and fabrics beginning 1933; revisions not shown in the May 1940 Survey are available upon
request. For revisions in Illinois and Chicagoo iindexes, see note marked with a "f" on p. 29. Other indicated employment series revised beginning January 1939; see table 57,
p. 17 of the December 1940 Survey.
*New series. For indexes beginning 1923 for machine tools and shipbuilding, and index for 1931 through 1938 for aircraft, see tables 39 and 40, pp. 15 and 16 of the October
1940 Survey; for aircraft indexes (revised) for 1939, see table 57, p, 17 of the December 1940 Survey.
27
SUEVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February
March
April
May
June
July
August
October
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Factory, unadjusted, by States and cities—Con.
City or industrial area—Continued.
Detroit
.._ 1923-25 = 100
64.1
93. 4
120. 2
105. 9
108. 8
112.1
110.7
110.3
96.0
111.6
102. 6
104 9
97.5
Milwaukee
1925-27 -100
101.4
110.5
102. 7
99.1
105. 5
L04. 0
97.2
99.9
100. 0
99.4
101 6
86.2
New York, _ _
_.
do..
97.1
101.6
102. 5
95. 9
93.7
95.1
95.9
98.4
88.4
91.1
92 1
r
84.5
91.1
Philadelphia
1923-25=100..
87.9
93. 7
83.7
86.9
86.6
84.7
83.0
82.0
87.7
85. 5
94. 0
91.1
Pittsburgh
do
93.1
' 98. 6
86.1
93. 4
90.0
88.4
89.6
86.2
92.1
92.0
90.6
87.5
Wilmington
do
88.8
' 93.4
90.0
90.0
88.0
88.6
89.6
89.9
89.6
89. 0
Nonmanufacturing, unadjusted (U. S. Department of Labor):
Mining:
' 49. 9
Anthracite
_ 1929 = 100..
'49.8
49.8
' 50. 5
51. 5 1 •"51.6
' 52. 2 ••51.2
51. 3
'51.8
'49.7
51.0
86.6
89. 5
84.9
'87.7
Bituminous coal_._.
do
89.7
94.9
86.2
85.1
83.8
92.6
91.7
91. 8
71.5
72.6
71.0
' 72. 5
Metalliferous
do
66.2
67.7
66. 5
67.3
69.2
70.3
66.3
66. 4
63.6
61.8
63.1
63.7
' 63. 0
Crude petroleum producing
do
63.8
63.2
63.8
63.3
63.8
63.0
48.5
44.5
48.4
48.1
'48.9
Quarrying and nonmetallic.
do
41.0
46.9
47.9
47.1 I
44.0
38.3
Public utilities:
92 2
93.0
'92.7
92.2
Electric light and powerf
,
do
89.2
90.3
90.6
91.2
90.1
89.1
89.3
90.3
68! 5
' 68. 5
68.4
Street railways and bussesf
do
68.4
68. 5
69.3
69.0
68.8
68.4
68.3
68.2
78.9
79.0
Telephone and telegraph!
-.-do
76.1
77.3
78.9
75.8
76.1
76.7
77.8
76.0
Services:
106. 7
110.0
99. 5
104. 5
108.2
109. 6
112.6
Dyeing and cleaning
do
97.8 j
97.4 |
93.7
108.7
94.0
102.8
'101.9
100.1
102. 5
97.2
Laundries
do
96.2
102.1
95.8
95.6 I
95.6 !
99.1
96.0
93.1
90.3
90.3
'91.6
Year-round hotels
do
92.7
92.1
92.0
92.0
91.8 |
90.8
93.4
91.3
Trade:
92.8
94.4
88.7
89.1
91.1
89.8
91.9
Retail, totalt
do...__
91.2
93.3 | 104.2
87.7 j 87.0
99.3
90.1
103.6
90.3
96.4
General merchandising!
do
92.9
95.1
96.2
105.9 I 146.4
S9.3 ! 87.9
90.1
89.2
' 90. 9
91.8
Wholesale
do
90. 5
90.6 S 90.2
89.3
88.9
89. 6
92.1 I
92. 2
Miscellaneous employment data:
52. 1
49.4
54.8
51.9
31.2
Construction, Ohio
1926 = 100_.
44.2
31.6
47.6
35.7
42.9
31.1
41.3
Federal and State highways, total number__
227, 233 185,661 145,707 163, 592 164,726 205,164 258,162 286,100 301, 773 310, 082 303,225 301,578
60,417
Construction (Federal and State)
do
93, 726 131, 970 152, 049 165,528 172,379 172,304 161, 252
112,816 81, 845 42, 960 43,267
Maintenance (State)
.
do
114,417 103, 816 102, 747 120, 325 104,309 111,438 126,192 134,051 136, 245 137,703 130,921 140,326
Federal civilian employees:
United States
do
934,998 987, 857 938,403 939,015 945, 836 959, 146 977. 990 1,010,519 1,023,552 1,038,876 1,058,639 1,086,171
145, 557 149, 479
District of Columbia
.
do
126,380 127,502 127.418 127, 771 128,643 129,677 1 130,937 133,854 138,453 142,821
Railway employees (class I steam railways):
1,088
1,081
1, 094
Total
thousands. _
1,
071
1,014
1,
006
1,
055
1,029
1,032
1.058
1, 008
1, 004
Indexes:
'
59.
8
59.4
60.0
58.8
Unadjusted
1923-25 -100..
55.
2
58.4
55.1
55.
4
55.7
56.
7
58.0
58.2
56. 5
' 58. 6
57.4
58.4
Adjusted
do
56.8
57.9
55. 6
58.0
57.8
56. 0
57.9
56.7
57.7
57. 9
LABOR CONDITIONS
Average weekly hours per worker in factories:
Natl. Ind. Con. Bd. (25 industries), .hours. _
39. 0
'39.9
38. 5
38.1
38.0
37.7
37.6
39.1
38.0
39.1
37.5
38.7
39.7
U. S. Dept. of Labor (90 industries)..do
39.3
38. 8
37.3
37.3
37.5
37.2
38.6
38.5
37.4
37.2
38.4
37.5
Industrial disputes (strikes and lockouts):
Beginning in month
number,.
'
1
9
3
'210
153
'•182
178
"200
106
118
'209
'218
In progress during month
do
'315
'322
'314
245
222
317
330
*340
212
••287
'308
Workers involved in strikes:
Beginning in month
thousands._
59
22
39
29
'61
v 63
12
43
52
25
'36
In progress during month
do
<• 1 0 8
86
p 95
' 79
37
43
52
P98
40
130
53
37
76
r
Man-days idle during month
do
768
••552
' 679
285
»850
239
381
v 660
'439
'464
384
1,665
'660
Employment security operations (Soc Sec. Bd.):
Placement activities:
Applications:
5,211
'4,911
Active
file
thousands- _ _ 4, 568
4, 621
5, 565
5, 025
5, 920
5, 682
5, 734
5,629
5, 724
5,746
6, 079
1,274
1,207
New and renewed
do.
1, 391
1,304
1,351
1,515
1,318
1,415
1,401
1,334
1,601
1,328
1,290
353
Placements, total
do
331
407
203
243
295
308
365
289
221
350
330
265
305
Private
do......
339
280
184
218
259
260
295
249
196
304
288
235
Unemployment compensation activities:
' 4,258
5,881
4, 000
Continued claims..
thousands....
7,292
5,825
5,670
6,614
3, 622
6, 525
4,204
7,253
3,820
6,063
Benefit payments:
875
1,125
Individuals receiving payments!-..do
1,220
698
1,095
v 676
985
961
1,201
1,269
637
658
877
36,594
51,695
32,231
Amount of payments
thous. of dol_. 29, 561
55,741
44,328 47,130
42,286
53, 618
28,369 30,471
40,996
54,879
Labor turnover in mfg. establishments:
6.21
' 5. 52
6.63
Accession rate..mo. rate per 100 employees...
4.77
2.94
2.98
4.76
4.65
2.84
3.74
3.36
3. 05
4.10
3.22
3.00
3. 23
Separation rate, total
do
3.35
3. 56
3.46
3. 06
3.43
3.66
3.36
3.46
3.78
2.95
.16
.16
.19
Discharges. _ _
do
. 16
.18
.14
.15
.14
.14
.13
.15
.12
.13
1.63
1.48
2.
67
Lay-offs
do
1.53
1.60
2.
53
2.32
2.25
2.65
2.55
2.
69
1.97
1.21
1.58
.73
1. 51
1.28
Quits and miscellaneoust
do
.78
.96
.69
.74
.84
.90
.83
.'87
PAY ROLLS
Factory, unadjusted (IT. S. Department of
' 110. 1 ' 114.5
96.8
114. 7
97. 9
98.4
104.0
98.4
Labor) t
1923-25=100..
96. 5
98.1
96.4
101.7
103. 9
'114.1
' 122. 1
96. 5
96. 9
97.8
100.4
124.0
Durable goodsf
do... . .
98.4
97.5
101.1
105. 5
97.8
104. 8
Iron and steel and their products, not in100. 9
' 123.7
104.3
97.2
106. 2
cluding machinery
1923-5=100...
94.9
115.3
Blast furnaces, steel works, and rolling
128.2
124.8
110. 2
101.8
'131.3
103.1
113.9 j 116.2
135.0
129. 2
119.3
98.6
mills
1923-25 = 1001.
127.3
r
106. 5
' 113.5
104.7
85.7
100. 9
85.8 |
123. 0
108.9
101. 9
104.0
117.0
Hard ware
do
118.8
118. 6
Structural and ornamental metal work
r
72.9
74.8
79. 6
79.8
59. 5
67.6
67.2
62.6
60. 3
61.2
64.8
67.1
61.7
1923-25 = 100..
116.8
121.9
113. 4
' 112.7
105.0
99.6 I 101.0
96.9
93.0
113.5
105. 4
100. 4
100. 9
Tin cans and other tinware
do
'71.2
73. 7
70.7
61.0
58.8
60.0
63.6
60. 7
68.8
63.3
65. 2
68.3
61.4
Lumber and sillied products
do
T
87. 4
89.0
77. 7
74.6
76.8
75.9
74. 3
'91.3
86.2
74.8
85. 5
74.2
Furn it ure
do
62! 2 ;
63. 8
61.2
53. 3
51.1
52.0
58.1
53.9 i
05. 1
60.8
58.3
55. 4
55. 4
Lumber, sawmills
do
137. 9
149. 1
.121. 5
131.0 I
119.1
119.3
125.1
125.7 |
' 145. 3
122. 3
117.1
122.1
Machinery, excl. transp. equip
do
121.6
I
Agricultural implements (including trac[
156.2
' 158. 8
152.0 1
160. 4
151.5
163.8
167.9 I
155.8
140. 5
tors)
1923-25 = 100
164.0 | 157. 8
148.9 |
166.1
I
Electrical machinery, apparatus, and
j
131.4
138.2
144.1
123. 7
109. 6
113 8
111. G
supplies
1923-25=100
114.2
112. 4
118.1 '
112.7
114.3 I
Engines, turbines, water wheels, and
249.4
' 263. 4
276. 9
139.1
238. 5
175 7
windmills
1923-25= 100. _
171. 6
156. 6
161. 8
193.8 |
223. 8
183. 1
Foundry and machine-shop products
101.3
105.4 I T H i . 7
94.6 I 95. 8
114.8
95. 2
95
96. 3
94.3
98.6
94. 2
95.4
1923-25=100302.9
332. 3
289.7 | 302. 9
307.8
354.1
256.2
258. 5
270 7
281 6
'351.7
237. 8
Machine tools*
do_
287.1
161. 5
149.8
138. 5
126.9 I 134.0
148.8
113. 0
154. 3
Radios and phonographs
do
121.
109 5
'164.3
170. 3
116.0
' Revised, v Preliminary,. % Designation changed from "quit" as separations such as deaths, permanent disabilities, retirements on pensions, etc., are included.
§ Beginning 1940 data are a weekly average of the number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within
the month.
1940 SUIT
M a y 1940 ii
_
.-„--
..._
* New series. See note marked with an "*" on p. 26.
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- i Decem1940 Supplement to the Survey
ber I ber
ber
January 1941
1940
January
February
March
April
June
May
I July
EMPLOYMENT CONDITIONS AND WAGES—Continued
P A Y ROLLS—Continued
Factory, u n a d j . (U. S. D e p t . of Labor)—Con.
Durable goods—Continued.
Metals, nonferrous, and prod..1923-25=100..
Brass, bronze, and copper products.do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
do..Transportation e q u i p m e n t !
do
Aircraft*
do
Automobiles
do
Shipbuilding*
do
Nondurable goods
do
Chemical, petroleum, and coal products
1923-25=100..
Chemicals
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing
do
Leather and its manufactures..__
do
Boots and shoes
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and inner tubes
do
Textiles and their p r o d u c t s !
do
Fabrics!
do
Wearing apparel
do
Tobacco manufactures
do., Factory, unadjusted, b y States and cities:
State:
Delaware
1923-35=100
Illinois!
1935-39 = 100.
Maryland
1929-31 = 100.
Massachusetts
1925-27 = 100.
New Jersey
1923-25 = 100.
New York
1925-27=100
Pennsylvania
1923-25 = 100.
"Wisconsin
1925-27 = 100.
City or industrial area:
Baltimore
1929-31=100,
Chicago!
1935-39=100.
Milwaukee
1925-27=100.
New York. . . . __ ___
_ . . do
Philadelphia
1923-25 = 100.
Pittsburgh
do...
Wilmington
do . _
Nonmanufacturing, unadjusted (U. S. Departm e n t 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...
Telophone and telegraph!
do...
Services:
Dyeing and cleaning
do__.
Laundries
.._
do...
Year-round hotels
do...
Trade:
Retail, t o t a l !
do...
General merchandising!
do__.
Wholesale
do...
I
140.7
200. 0
81.9
54. 1
131. 0
167.0
>, 264. 7
149. 4
240. 7
104. 4
115. 4
116.5 i
108. 7 |
157. 0
158.9
150.3 !
78.9
76.4
66.9 |
51 3
51. 6
43.4
121.0
118.9
113. 1 !
106. 7
125. 4
119.8 !
1,955. 8 2, 046. 5 1,197.0 I
106. 0
127.9
119.9 I
141.0
152. 0
148. 0
102.4
102.8
98.4 .
103.4
136. 4
65.3
39.6
108. 3
120. 1
2,183. 9
119. 1
149. 9
99.1
104. 8
137.2
68.3
41. 5
112.8
125.9
2, 344. 3
122. 9
169.3
99.0
r 130. 3
190. 0
'82.8
' 55. 1
' 129. 8
' 163. 3
'•, 624. 7
r 149. 0
' 244. 3
105. 9
103.1
133. 0
72 2
45! 2
114.2
124. 3
!, 415. 0
121.2
169. 4
95.4
103. 6
134. 2
74.6
49.2
112.0
118.5
2, 601. 5
111.1
180.4
94.9
105. 8
140.8
73.4
51.1
111.0
121.0
2, 968. 2
112.0
185. 8
132. 5 !
159.3 !
130. 5 |
135.8 j
133. 4
133.6
161.9
133.2
165.2
136.2
137. 1
314.3
129.0
140.8
114.7
67.0
62.7
112.3
126.2
86.4
77.5
75.4
72.5
76.6
66.9
133.0 I
167.2 !
132.4 I
136. 6
314.7
131. 3
142. 1
117.6
76.4
74.6
111.2
126. 3
85.2
77.4
77.7
76.4
75.7
62.3
138.2
134.4
170.9
169.3
135.6
132.1
137.4
139. 3
327.7
318. 0
139.0 ' 138. 6
140.1 I 140.8
112.6
112.3
74.6
77.0 !
' 75. 0 I
72.0
110.9 ' 113.4
.124.2
124.8
'95.7
87.7
' 84. 6
76.3
87.4 I '92.6
84. 8
80.9
' 102. 5
94.9
65.9
62.3
'
'
'
'
'
'
'
'
' 108. 7
123. 0
r 141. 3
84. 5
123. 3
100.5
'96.3
114. 8
'95.6
105.9 I 117.0
146.2 i 160. 7
76.7
71.1
53. 6
51.8
105.2
116.0
98.9 I ' 115.8
3,124.6 ! 3, 727. 4
96.1
80.5 I
193.4 i 211.6
102. 4
97.1 j
' 128.
' 177.
79.
' 54.
120.
' 141.
4,211.
124.
227.
105.
139. 3
176.2
135. 8
136. 3
322. 6
134, 3
139. 2
115.8
' 73. 4
' 69.1
' 115.2
' 123. 8
' 99. 4
'86.7
'93.2
' 89. n
' 94. 9
' 66. 5
139. 8
182. 6
130. 2
133. 7
331.4
128. 7
138. 4
118.6
68.4
62.3
115. 4
123. 7
102. 7
91.0
92. 1
90. 8
89. 3
66.1
133. 1
161.5
131.5
137.9
310. 4
125.3
136. 9
112.7
71.1
64.6
114. 2
124. 6
99.8
85.9
92.7
91. 6
89.2
62.9
133.4
162. 3
130. 5
137. 6
314.0
124.4
134. 1
121. 5
75.4
70.2
116.8
122. 5
100. 5
89.9
91.6
89. 5
90.2
62.3
131.0 j
159.8 *
128. 5 S
133. 5 i
320.4 !
117.0
131. 1
118.9
82.3
79. 1
110.0
117.6
94.1
85.6
87.5 |
84.8 \
87.5 !
52.9 |
131. 4
159. 7
128.3
134.4
321.3
115. 5
132. 4
110.9
82.6
80. 2
108.6
116.9
88. 3
80. 6
91.3
84. 2
99 8
54.0
105. 8
129. 4
145. 8
83.9
124.9
101. 5
96.8
92.9
117.3
127.8
78.0
106.4
88.0
89.7
99.4
94.9 !
119.3 i
127.7 !
78.7 !
105.7 ,
89.6
90.1 '
100. 1
91.1
114.2
123.8
76.8
100. 6
86.5
84.4
94.7
91.6 |
114.3 I
122.1 i
74.4 !
100.0 !
87.0 '
81.8
94.7
93.9
113.4
124.7
73.9
102. 2
89.5
80.7
98.1
111.9
124.1
70.9
101.8
85.3
79.2
96.1
112.8
126. 3
70.3
103.9
85.4
79.0
97.9
97.0
98.6
115.2
12S. 7
70.7
107. 5
86.7
82.5
97.0
116.4
131.4
75.4
106.6
87.6
83. 5
100.7
100. 6
120.8
133.7
77.7
113.2
92.8
88.7
103.4
104. 7
124.4
138.0
82.5
121.2
98.2
' 91.9
148.5
128.5
99.9
104. 8
94.9
r 128.1
115. 2
109.4
87.4
85.6
96.1
83.7
128.1
118. 5
110.6
88.7
86.0
98.7
85.7
124. 2
114.2
104.3
84.5
83.8
92.3
82.4
122. o
112. 9
100. 1
87.8
83. 1
87.3
82.6
126. 6
112. 0
104. 2
94.9
83. 1
85.3
84.7
127.0
110.3
104.1
86.5
81.8
83.7
127.4
112. 0
105.9
84.5
80.7
85.2
87.1
129.6
114.9
106.0
82 2
84.0
89.3
87.5
132.7
117. 0
101.7
80.8
85.2
89.7
85.8
135. 5
120.0
108.7
93.9
89.7
96.0
86.1
139.3 j r 142.9
323.5
126.0
122.2
112. 2
98.8
101.6
94.7 I
'98.0
M03.8
98.0
93.9
89.7
37.6
84.6
70.8
56. 5
42.6
42.0
96.3
63.9
59.6
42.9
63.2
58.4
34.1
36.3
72.2
63.5
59.0
38.1
40.0
75.3
65.7
58.7
42.7
40.6
73.9
65.4
58.8
43.9
36.5
75.2
63.7
59. 1
43.5
33.1
82.5
68.5
59.0
45.2
39.3
'83.2
' 69. 5
' 58. 2
'46.2
106.0
70.2
101.8
102.5
69.4
96.4
102.4
69.8
97.4
101. 6
69.0
97.4
102.2
71.5
96.9
102.3
69.5
98.1
103.3
69.2
98.7
104.2
69.2
98.8
104.8
70.5
100.0
105.8 | 108.1
70.0
70.4
101.3 100.4
' 105. 8
' 71. 5
r
101.8
78.0
87.3
83.7
70.8
69.9
83. 7
81.1
65.5
83.4
81.1
64.4
83. 1
82.7
79.6
85. 6
83.2
86.9
96.
83.0
92.4
91.8
125. 8
79.1
80.8
82.7
77.2
72. 7
811
81.8
82.0
85.9
77.1
81.8
26.6
84.3 I
65.0
59.2
39.2 ;
52.5
87.0
63.6
58.4
29. 0
32.9 .
87.0
64.2
59.0
30.8
159.6
131.9
136.9
316.0 j
311. 1
117.1 I 117.7
134.4; 134.3
111.5 I 109.5
80.3 '
70.7
78.2
66. 6
110.0
109. 7
115.1
115.4
88.3 !
86.5
79.0 I
78.1
89.5 i
81.4
78.5 I
75.2
105.7 '• 88.7
58.7
58.1 !
38.4 I
78.3 I
82.3
85.0
77.4
136. 3
136.8
311.4
121. 5
137.8
110. 4
63.6
58.1
113.1
124.2
87.1
79.9
77.9
73.9
81. 0
60.7
85.4
88.5
83.0
83.4
86.6
4
89.6
92 4
82!0
84.8
89.3
78.4
103.7 I
32.2
84.3
71.5
58.3
46.2
107.4
70.9
102. 9
80.0
90.0
80.5
78.9
90.5
80.7
85.6 I
' 89. 9 I
'81.8 I
82.7
88.0
83.6
82.6
84.0
78.3
81.5
82.3
78.7
'85.1
'90.5
' 81.1
85.8
92.6
80. 5
WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
27.61 j
27.61
28.09
industries)
.. ..dollars.
28.49
27. 66
28.49
28.23
28.58
28. 99 r 29. 84
29.77
27.67 j
28.16
27.13
26. 26
25.51
U. S. Dept. of Labor (90 industries)
do
25. 20
25. 73
25. 46
25.33
26.10
26. 54
25.79 ! 25. 25
25.43
31.42
30.04
29.41
28. 96
Durable goods
do
28. 60
28.90
29. 98
28.92
30.57
29.48 | 28. 52
28.80
Iron and steel and their products, not in30.97
cluding machinery...
dollars
30.55
29.07
27.95
30. 71
27.47
27.50
30.60
28.89 i 30.24
28.16 I 29. 30
Blast furnaces, steel works, and rolling
33.04
mills
dollars33.08
31.25
33.19
29.69
28.88
28.73
30. 75
32. 25
32.93
29.87
31.53
Hardware
do .
27.44
27. 71
24.65
26.15
26.01
26.13
26.14
25. 45
27.29 ' 27. 53
25.85
27. 58
Structural and ornamental metal work
28.74
dollars.
28. 52
27.65
27.27
27.39
28.42
29.51
28. 56
28.13
28.87
28.99
30.02
23. 82
23.70
Tin cans and other tinware
do..
23. 46
22.82
24. 15
24.20
25. 04
25. 61
24.04
24. 38
25. 01
25. 17
20. 18
19. 10
19.69
19. 91
Lumber and allied products
do..
20. 63
20. 00
20.17
20.22
19.37
20. 81
21.06
21 49
19. 95
20.91
21. 15
21.87
Furn iture
do. _ _
20. 67
20. 59
21. 63
20. 70
20. 28 ' 21. 39
22. 07
22.4y
17.73
18. 19
18. 49
Lumber, sawmills
do
18.11
19.43 I 19.32 I 18.02
19.20
18.93
19.79
19. 85
20 23
29.67
30.15
30.11 I 30.41 I 30.29
30. 25
29.51
Machinery, excl. transp. equip
do
j
29.97 I
31.22
31 71
30. 67
29. 74
Agricultural implements (including
31.14
tractors)
dollars .. I
31.43 I
31.37
31.42 I 30.74 I 30.42 J 30.87 j 31.17
30.27 1 31.07
31. 4 L
30.91 |
Electrical machinery, apparatus, and j
!
29.53
supplies
dollars J
29. 98
29.70 j
30.52 I
30.01
31. 73
29. 34
29.89
30.14 I 30.92 !
29.67 j
31. 50 I
Engines, turbines, water wheels, and |
34.09 i 34. 43
windm ills
dollars __!
34.35 j
35.05 i
35.05 i
36. 33
33.46
34. 49
35.
81
34.10 |
35.93 !
Foundry and machine-shop products j
29.43 !I 30.35 !! 29. 27 i 28.89
29.39
dollars..!!
29.27 I
29.29 ]! 29.41 I 29.33 I 30.12 ! 30. 31 T | 31. 18
!
23.47
22.12 I 22.19
Radios and phonographs
do
22.30
22.71
22.46
23.09
23.61
23.90 ' 23.49 • 24. 89 1 24.74
r
Revised.
!Revised series. Slight revisions were made in data for textiles and their products and fabrics beginning 1933; revisions not shown in the May 1940 Survey are available
upon request. For revisions in Illinois and Chicago indexes, see note marked with a " ! " on p. 29. Other indicated factory pay-roll series revised beginning January 1939;
see table 57, p. 17, of the December 1940 Survey. Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated nonmanufacturing pay-roll indexes revised
beginning 1929; see table 19, p. 17 of the April 1940 Survey.
*New series. See note marked with an "*" on p. 26.
29
SURVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
March j April j May
June
July
August
Septem-j October I ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average weekly earnings—Continued.
I
17. S. Department of Labor—Continued.
Durable goods—Continued.
29.38
27.12
30.00
28.18
27.02
26. 76
27.25
28.67
27. 37
26. 65
26. 96
28. 26
Metals, nonferrous, and prod
dollars .
r 32. 97
33.37
30.73
31.55
29.00
28.74
29.95
31. 63
29. 01
31. 39
Brass, bronze, and copper prod, .do.JO. 28
28. 96
25.75
25.27
23. 49
24.81
24.79
25. 01
24. 49
24.20
24.03
25. 24
Stone, clay, and glass products
do
23. 58
23.71
21.87
21.
62
20.95
21.18
20. 65
19. 55
19. 97
20.97
21. 58
'21.49
Brick, tile, and terra cottaj
do
19. 52
19.30
27.90
26.90
26.78
24.91
26.02 | 26.49
26. 18
27.06
25.89
26.56
Glass
do
26.20
25.89
37.39
35.00
34.51
34.39 J 34. 40
31.88
33.26
32. 83
34.21
35.41
Transportation equipment
do —
33. 23
33.47
39.24
35.81
' 36. 67
35.53 S 35.78
34.25
32.26
33.47
35. 28
37.13
Automobiles
do
34. 28
34.80
22.28
22. 30
21.86
22.20
22.03
21.87
21.72
22.10
21. 49
21.81
Nondurable goods
do
21. 87
21.73
Chemical, petroleum, and coal products
29.96
30.08
30.12
30.16
29. 61
29.14
29. 73
30.08
28. 99
29.49
29. 22
29. 31
dollars 32.39
32.06
32.18
32.07
31.72
32.09
32.23
31.95
31.83
31.86
Chemicals
do
31. 82
31.79
29.60
29.40
29.28
28.75
28.93
29.62
29. 55
29.02
28.72
29.13
Paints and varnishes
do
28. 44
28. 43
34.93
35.43
34.94
35.27
34. 96
35.14
34.84
35.34
34.94
34. 73
Petroleum refining
...do __
34. 42
34. 78
26.53
26.99
26.53
25.82
26.27
26. 36
26.12
26.32
25.42
Rayon and allied products... .do
26. 26
26. 24
26. 33
23.82
23.48
24.17
25.17
25. 64
Food and kindred products
do
24.80 | 25. 48
25. 25
25. 54
24.33
25 32
25. 00
26.31
26.60
26.40
Baking
do
j
26.12
26. 46
26. 69
25.97 j 25.83 | 25. 84
26. 22
26. 57
25. 84
27.64
27.38
27.57
27.26
27.43
27.45 j 28.51 | 27.94
27.76
27.82
27.76
Slaughtering and meat packing. _do
26.88
19.28
19.37
19.86
19. 23
37.26
18.20 i 19. 09
17.68
18. 17
19.80
Leather and its manufacturesdo
j
19 89
19. 61
17.93
18.32
18.94
18.20
16.30
17.00
Boots and shoes
do~ _ j
16.46 | 17. 62
15. 65
18.92
18.78
18.59
29.20
29.18
28.73
29. 51
28.67
28.70
29.27
Paper and printing
do
29. 26
29. 38
29.00
28 66
28. 37
26. 45
26.14
26.19
' 26.12
25.17
26.70
Paper and pulp
do
26.61
26. 52
25. 35
26.47
25 35
25. 42
29. 31
27.81
29. 50
29.15
28.27
28. 95
28.39
Rubber products...
do
27. 66
27. 98
27.76
28.54
27.40
34.37
31.64
35.11
'
34.
08
33.11
33. 64
33.88
Rubber tires and inner tubes
do
31.98
32.77
32.66
j
33 96
32. 29
18.10
17.64
17. 72
18.09
16.43
17.68
Textiles and their products
do
17. 45
16. 52
16. 74
16.85
17. 26
17.48
17.95
17.15
17.
57
16.
24
17. 64
Fabrics
do
16.
62
17. 54
16.
35
16.71
16.40
17 07
16. 98
18.53
18. 95
19.51
16. 96
17.81
Wearing apparel
.
do
19. 54
16. 97
18. 26
17.26
17 85
18. 86
17. 63
18.25
17.79
18.42
18.98
17. 50
16. 88
Tobacco manufactures
do
17. 47
18. 36
16.52
16.25
17.07 | 18.02
Factory average hourly earnings:
!
National Industrial Conference Board (25
.744
.742
industries)
_..__.
dollars..
.727
.729 j .727
.728 !
.734 I .737 | .740
.731
.74,
.741
.740
. 673
.671
II. S. Dept. of Labor (90 industries)
do
.662
j
.653
.663 ' . 665
.665 !
. 663
.668
.667
. 669 i .672
.739
.737
Durable goods
do
.727 I .727
.715
.726
.729 j .730
.728
.731
.732
.727
Iron and steel and their products, not
.778
including machinery.
dollars .772
.767
.777
.764
.764
.774
.777
.767
.763
.766
Blast furnaces, steel works, and rolling
.855
.857
mills
dollars. .851
.847
.848
.847
.842
.841
.838
.838
.838
.849
-.691
Hardware
do ....
.680
.685
.671
.697
.692
.680
.683
.670
.681
.685
Structural and ornamental metal work
.733
.735
dollars .731
.725
. 735
.736
.741
.732
.741
.730
.737
.738
.637
.640
Tin cans and other tinware
do
.619
.614
.620
. 626
.619
.624
.639
.632
.627
.624
.524
.525
Lumber and allied products
do
.513
.514
.513
.512
.515
.518
.526
.523
.519
.521
r
.547
. 546
.544
Furniture
do
. 536
.539
.538
.547
. 546
'. 546
.548
. 550
. 546
.506
.489
.497
.507
Lumber, sawmills
do
.491
.491
.492
.497
.509
. 505
.496
.,503
.749
.732
.723
.746
Machinery, excl. trans, equip
do
.737
.735
.739
.739
.745
.743
.744
.741
Agricultural implements (including
tractors)
dollars- .799
.793
.787
.801
.797
.797
.801
.796
.798
.795
.799
Electrical machinery, apparatus, and
.764
.731
.742
supplies
dollars .
.749
.763
.753
.762
.755
.756
.764
.757
Engines, turbines, water wheels, and
.822
.799
.805
.804
windmills
dollars _
.805
. 813
.813
.807
.803
.797
.803
.803
Foundry and machine-shop products
.740
.734
.720
.720
.727
dollars..
.726
.730
.733
.723
.725
.730
.728
.618
.621
Radios and phonographs
do
.590
.606
.614
.fill
.611
.614
.621
. 606
.583
.595
.712
.710
Metals, nonferrous. ani products-_do
.696
.703
.697
.700
.703
.702
.701
.701
.690
.701
Brass, bronze, and copper products
.774
'. 775
dollars-. 753
.758 '
.743
.765
.762
.749
.748
.750
. 755
.749
.671
.672
Stone, clay, and glass products
do
.657
.660
.662
.664
. 661
. 66 \
.668
.665
.664
.664
. 566
.565
Brick, tile, and terra cottaj.
do
.556
. 558
. 554
.558
. 553
.551
'.568
.566
.564
.551
.747
.750
Glass
do
.734
.737
.738
.746
.741
.739
.743
.739
.740
.742
.898
.900
Transportation equipment
.do
.886
.901
.896
.894
.900
.902
.897
.902
.905
.891
r
.949
.922
Automobiles
do
.940
.95O
.938
.934
.944
.945
.958
.947
.954
.949
.609
.599
Nondurable goods
do
.611
.608
.607
.610
.605
.609
.613
.615
.617
.615
Chemical, petroleum, and coal products
.757
.773
dollars-.751
.751
.756
. 756
.778
. 760
.746
.742
.783
.777
.804
.807
Chemicals
do
.796
.792
.800
.803
.800
.801
.806
.803
.802
.804
.720
.714
.722
Paints and varnishes
do
.715
.718
.719
.718
.717
.720
.716
.717
. 721
.972
.972
.972
.983
Petroleum refining
do
.974
.975
.971
.974
.977
.975
.983
.986
.685
. 665
.659
.676
.682
Rayon and allied products
do
.674
.672
.672
.672
.673
.675
.676
.610
. 633
.625
.641
. 639
.603
Food and kindred products
do
.641
.643
.615
.647
.641
.625
.635
.633
.627
.635
.631
.641
Baking
do
.630
.636
.643
.637
.639
.640
.678
.684
.684
.677
. 680
.68]
.691
Slaughtering and meat packing-do
.689
.691
. 688
.691
.689
. 537
.539
.557
.531
. 537
.541
.558
Leather and its manufactures
do
.543
.554
. 55 r>
.553
.553
.51!
.514
.50S
.533
.514
.519
.537
Boots and shoes
do
. 521
. 533
. 533
. 531
. 532
.783
.774
.783
.7K3
.792
.789
.792
Paper and printing..
do
. 7^3
.789
.794
.797
.791
.631
.627
. 635
. 638
.654
. 637
'.654
Paper and pulp
do
.' 637
.648
.63S
.644
.649
.776
.768
.776
.777
. 779
.774
.780
Rubber products
do _.
.779
.779
.778
.780
.785
.974
.961
965
.964
.961
'.971
Rubber tires and inner tubes
do
.966
.960
968
.967
.971
.497
.493
.499
. 505
.509
.514
Textiles and their products
do
. 505
. 495
.512
.496
.496
.502
.481
.487
.477
.479
.484
.48'
Fabrics
do
.482
.482
.486
.4*4
.484
. 486
.534
.552
. 525
. 533
.563
Wearing apparel
do
.544
. 543
.519
. 558
. 518
.518
.534
.484
.487
Tobacco manufactures
do.__
.479
.489
.491
.490
.493
.492
.497
.505
.502
Factory average weekly earnings, bv States:
'95.4
97.7
93.3
92.1
93.1
Delaware
... 1923-25 = 100
91.5
90.7
90.4
93.4
96.3
94. 6
94.6
94.9
113.5
112.
111.2
112.0
109.4
108.7
Illinois!
1935-39 = 100.
108.8
108. 2
108. 6
111.0
108.7
109. 6
110.3
103.8
102 7
100.0
104.2
Massachusetts
1925-27 = 100.
98.0
98.9
95.9
96 7
98.6
101.3
101.1
97.6
98.7
127.5
127.6
New Jersey
1923-25 = 100.
120.0
126.6
119.5
117.2
116.4
118.7
118.6
122.6
121.3
120.4
122. 0
100. 8
New York
1925-27 = 100.
100.4
97.7
101.0
96.1
96.1
95. 4
95.1
97.4
99.4
97.6
90.2
97. 5
115.8
Pennsylvania.
1923-25 = 100
115,
r
111.9
105. 2
113.
110.8
107.8
105 9
111.8
107.9
107.0
108.9
106.3
112.9
Wisconsin
1925-27=100..
105. 7
107.6
108. 2
107.9
104.0
106.8
107.8
101. 4
108.4
108.0
106. 5
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
.71
.711
Common labor
__-dol. per hour..
.685
. 685
.685
.685
.711
.685
.707
.707
.690
.703
.68.'
Skilled labor.
do_._
1.48
1.48
1.46
1.46
1.47
1.47
1.48
1. 47
1.48
1.48
1.47
1.47
Farm wages without board (quarterly)
dol. per month.
35.27
36.84
36.41
37.18
Railway wages (avg., class I)_.dol. per hour-.
.739
.743 I .742
.751
.719
.737
.731
.723
.735
.725
.728
72. 5
r
Revised.
^obstruction wasre rates as of Dec. 1, 1940; common labor, $0,711; skilled labor, $1.48.
JData revised from June 1940, beginning in the December 1940 Survey, on the basis of more complete reports from the industry. This revision, which could not be
extended to earlier months, increased the average somewhat.
tRevised series. Indexes for Illinois and Chicago revised to a 1935-39 base. Indexes on a 1925-27 base beginning 1935 published in previous issues of the Survey may be
converted to new base by multiplying by these factors: Illinois—employment, 1.2328; pay rolls, 1.5080; weekly earnings, 1.1362; Chicago—employment, 1.3553; pay rolls, 1.7073.
30
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
January 1941
1940
April
May
June
July
August
September
October
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
|
Miscellaneous wage data—Continued.
j
Road-building wages, common labor:
I
United States, average
dol. per hour . j
East North Central
do
|
East South Central
do
j
Middle Atlantic
do [
Mountain
do
j
New England
do
j
Pacific
do
!
South Atlantic
do...
West North Central
do_.
West South Central
do
j
ALL PUBLIC ASSISTANCE
|
Total, exclusive of cost of administration, material, etc.§
rail,
of doL.
Obligations incurred for:§
Special types of public assistance
do
Old-age assistance*
do
General relief
do
Subsistence payments certified by the Farm
Security Administration
mil. of dol...
Earnings of persons employed under Federal work programs:
Civilian Conservation Corps mil. of doL.
National Youth Administration:
Student aid
do
Work projects
do
Work Projects Administration!
do
Other Federal work and construction
projects
mil. of doL.
0.48
. (53
.34
.56
.56
.72
.35
.49
.37
0.44 i
.59 j
.56 i
.49 j
.66 I
.32 |
.46 I
.38
0.42
.63
. 35
.56
56
.48
.66
.32
.44
.38
0.41
.59
.31
.50
.71 i
.32
.52
.39
272
48
37
38
269
49 i
37 !
39 1
50 j
38 i
42 ;
"45
.39
0.42
.66
.33
.57
.55
.58
.74
.33
.45
.38
0.45
.04
.33
.52
.56
.53
.67
.33
.45
.38
279
278
273
51
38
37
51
39
34
0.43
.62
.33
.62
.59
.50
.72
.32
.50
.39
0.41
.69
.33
.59
. 55
.53
.70
273
51 i
39 i
40 !
51 !
38 !
39 |
0. 46
. 63
.33
.54
.56
.49
.68
.33
.46
.39
52
39
31
0.47
.61
.35
. 53
.56
.49
.68
.32
.47
.38
53
40
32
0.47
.62
. 35
.54
.56
.50
.68
.34
. 47
.38
.50
.68
.33
.48
.38
0.48
.63
.35
.54
.54
.51
.70
.34
.49
.38
53
40
29
54
41
29
0.47
.61 I
.34 j
.53 |
. 00
- j
19
5
106
18
3
5
112
6
no
37
6 i
115 i
35
3 I
6 I
124 I
3
f»
120
40
63 I
114
I
6
100
' 102
v 61
FINANCE
BANKING
Acceptances and com'l paper outstanding:
182
187
188
177
230
206
233
233
Bankers' acceptances, total
mil. of doL_
197
223
229 ;
J.Zr>
214
0
0
0
0
0
0
Held by Federal Reserve banks
do
0
~0
0
0
0 i
0
0I
149
166
152 |
148
142
Held by accepting banks, total
do
159
172
188
184
175
178
171
103
96
112
103 1
100
179 I
Own bills
do
99
103
123
121
118
105
113
44
42
53
49
54
111 !
Bills bought
do
60
69
65
63
70
6]
58
34
38
35
36
45
40
68
Held by others
do
38
51
45
46
57
50 ;
43
251
232
245
224
Commercial paper outstanding
do
232
214
226
233
210
239
219
234
Agricultural loans outstanding of agencies su- j
pervised by the Farm Credit Adm.:
1
3,050
3, 035
3, 008
3,060
3, 056
3,059
Total, excl. joint-stock land bks.t-.mil. of dol._
2, 986
3,047
3, 053
3,068
3,058
3 046
3,058
2,534
2, 526
2, 517
2, 540
2, 549
2, 568
2 588
Farm mortgage loans, total
do
2,508
2, 580
2, 560
2, 605
2,553
% 596
1,862
1, 875
1,880
1,871
1,867
1,905
1,890
1,886
Federal land banks
do
1,856
1, 897
1,910
l'900
1. 883
665
663
659
655
669
678
Land Bank Commissioner
do
652
684
674
691
695
687
671
83
90
82
89
81
88
99
Loans to cooperatives, total
do
96
94
91
95
83
Banks for cooperatives, incl. central
r
07
73
79
6.
62
67 I
69
bank
mil. of doL
76
73
64
15
17
15
18 '
16
19 !
20
21
Agri. Mktg. Act revolving fund
do
1
21
20
18
433
420
394
434
429
412 !
373
394
364
367
363 i
Short term credit, totalf
do
383
422
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
203
197 !
165
199
196
165
185 j
176
165
191
cooperativescf
mil. ofdoL.
188
162
1
42
41
42
40
36
38 I
35
33
33
34
38
Other financing institutions
do
34
203
195
204
200
186 i
174
160
157
154
1,54
180
195
Production credit associations
do
1 173
8
8
8
8
8
8
8
6
Regional agr. credit corporations. . . d o . . I
6
127
128
129
118
130
117
116
116
122
129
128
124
Emergency crop loansf
do
|
119
51
52
52
52
52
52
52
53
53
52
52
51
Drought relief loans
do
51
52
53
54
58
55
61
62
70
66
51
56
63
Joint-stock land banks, in liquidation..do
51
29, 918
30, 861
34, 769
31, 845
31, 960
34, 738
34,195
36, 317
Bank debits, total (141 cities)
do
35, 771 31, 676 40, 019 34, 717 29,482
11, 604
12, 594
15, 519
13,612
13,110
12, 138
15.201
14,952
14, 536
13, 041
17, 633
14 739
New York City
do
14,952
18, 314
18, 267
19, 233
19,250
18, 850
17. 344
19, 537
19, 659
21,365
22. 386
18, 636
19,978
Outside New York City
do
20,819
Federal Reserve banks, condition, end of mo.:
22. 865
22,176
22, 440
21.801
20 042
20,585 I 21,408
19, 497
19,027 I 19,223
19,677
18, 740
Assets, total
mil. of doL_ 23,017
Reserve bank credit outstanding, total
2. 485
2, 412
2, 516
2,484
2,518 i 2, 519
2, 529
2, 531
2, 547
2,593
2, 650
2, 503
mil. of dol. _ 2,304
0
0
0
0
0
0
0
0
0
0 j
0
Bills bought
- - ~ do
j
0
4
4
4
4
7
3
8
Bills discounted
do
4
2,
434
2,
436
2,
333
2,
466
2,
448
2,
475
2,477
2,
477
2,484
2,
477
2,
552
United States securities
do. _i 2,199
19,272
19, 632
18, 959
18, 120
18,579
16,451
15, 975
16,181
15, 524
17,346
15, 295
Reserves, total
do. j 19,881
2,467 ! 16, 994
19,289
18, 940
17. 754
18,202
18, 618
16, 076
15.561
15, 813
14,976 i 15, 209
Gold certificates
do
19,586
16.809 ! 20, 585
22, 865
22. 440
21, 408
21. 801
22.176
.19, 677
19, 223
19, 497
18,740 i 19. 027
Liabilities, total
do
23,017
16,428 I 14, 575
16,218
15,213
15,
575
16,
063
13,815
15,867
I
13,
422
12,
941
12,865
13,
630
Deposits, total
do
16,191
20.042 !
Member bank reserve balances, total
14, 208
12, 328
12,423 I 14,152
12,919 I 13, 237
13, 781
13, 498 r 13. 541 13,727
11,653
11, 628
12,150
mil. of dol.. 14,215
6,960
6,525
6, 655
5, 692
5,828 i 6,149
6, 857
5. 209
5.160
6, 514
5, 559
6. 385
Excess reserves (estimated)
do
6,849
5, 577
5.
370
5,450
5,199
4,959
4,862
4,872
4,931 I
4,941 5, 057
4,832
5. 248
Federal Reserve notes in circulation.,do
5, 743
90. 1
89.3
89.6
86.3
87. 5
87.8 ! 88.0
88.8
87.5
89. 2
88.4
Reserve ratio
percent90. 6
!
Federal Reserve reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
20,901 | 21,152 I 21.858
19,414
19,175
19, 696
20.287 I 20,510 I 20,984
18,972
18,566
19,199
Demand, adjusted
mil. of dol . 22,187
Demand, except interbank:
Individuals, partnerships, and corpora21, 200
20,499
20.415
20, 741
19, 253
19,696 I 20,167
18,843 I 18, 929
18, 743
18. 503
18, 474
tions
mil. of doL. 21,771
1,651
1,497
1, 463
1, 594
1, 440
1, 351
1,578 i 1,434
1,484
1,332 1 1, 432
1,227
States and political subdivisions.. - .do
j 1,495
560
508
506
505 j
509
559
562
560 !
515
523
574
561 i
United States Government
do
1 509
r
Revised
*> Preliminary.
° Less than $500,000.
cf To avoid duplication these loans are excluded from the totals.
^Figures for special types of public assistance and general relief exclude the cost of hospitalization and burial. The cost of medical care is also excluded beginning September
1940; this item is included in all earlier data on general relief and in figures for July 1937-August 1940 on special types of assistance.
^Combined figures for projects operated by W. P. A. and other Federal agencies; data not reported separately since February 1940.
{Revised series. A constant, $1,052,450, has been added to all data on emergency crop loans published in the Survey through the August 1940 issue to include 1918-1919
farmers' seed loans, and totals adjusted accordingly.
*New series. For data beginning 1933, see table 56, p. 11 of the December 1940 Survey. Other special types of public assistance, included in the total but not shown
separately, are aid to dependent children and aid to the blind.
51
January 1941
31
SURVEY OF CURRENT BUSINESS
1940
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
February
March
April
May
July
June
OctoAugust September
ber
FINANCE—Continued
BANKING—Continued
Fed. Res. reporting member banks, condition,
Wednesday nearest end of month—Con.
Deposits—Continued.
5,244
Time, except interbank, total--mil. of doL5, 397
Individuals, partnerships, and corpora5,043
tions
mil. of dol- 5,180
States and political subdivisions--.do
192
184
8,843
Interbank, domestic
do
7,894
15, 774 14, 503
Investments, total
do
9,543
U. S. Govt. direct obligations, total ..do
8,713
784
Bills
do
711
6,898
Bonds
do
5, 842
1,861
Notes
do
2,160
Obligations fully guaranteed by U. S. Gov2,408
2,707
ernment
mil. of doL3,524
3,382
Other securities
do
9,128
8, 656
Loans, total
do
Commercial, industrial, and agricultural
4, 381
4,911
loans.
mil. of dol299
312
Open market paper
do
467
660
To brokers and dealers in securities_ _do__...
Other loans for purchasing or carrying
499
460
securities
mil. of doL~
1,189
Real estate loans
do
1,228
36
Loans to banks
do.-...39
Other loans _..
do. 1, 579
1,724
Instalment loans to consumers:*
By industrial banking companies:
Loans made
do
39. 3
Repayments
do
38. 3
252.1
Amount outstanding, end of month..do
Money and interest rates:
Bank rates to customers:
In New York City
percentIn 7 other northern and eastern cities
percent-.
In 11 southern and western cities
do
Bond yields (Moody's):
2.75
3.00
Aaa
- - _ - _ do_. _
4.85
4.48
Baa
do... 1.00
Discount rate (N. Y. F. R. Bank)
do
1.00
4.00
Federal land bank loans
do.
4.00
1.50
Federal intermediate credit banks loans, do
1.50
Open market rates, N. Y. C :
Prevailing rate:
Acceptances, prime, bankers, 00 days
percent- _
'A e
Com'l paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)._do.
IK
Average rate:
1.00
Call loans, renewal (N. Y. S. E.)-~do
1.00
IT. S. Treasury bills, 91 days...
do_..
.02
.05
Average yield, U. S. Treasury notes, 3-5
years
percent...
.34
Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. of dol
5, 639
5, 547
U. S. Postal Savings:
1,275
Balance to credit of depositors
do
1,298
Balance on deposit in banks
do
40
54
COMMERCIAL FAILURES!
Grand total
numbe
1,184
1,024
49
Commercial service, total
do
40
Construction, total
do
50
53
Manufacturing, total
do.. 263
202
Chemicals and drugs
do...
11
16
Foods
do
64
35
Forest products
do
16
19
Fuels
do...
4
7
Iron and steeldo
9
14
Leather and leather products
do
13
6
Machinery
..
do_ -.
9
12
Paper, printing, and publishing... _ . do-.
29
19
Stone, clay, glass, and products
do....
10
2
Textiles.
. do....
53
40
Transportation equipment ......
do
4
5
Miscellaneousdo
41
27
Retail trade, total..- .
..do...
697
640
Wholesale trade, total
.
do ..
125
89
Liabilities, grand total .
thous. of dol.
16, 572 13, 201
Commercial service, total_
.
.do.
596
587
Construction, total
.--..do-.
838
765
Manufacturing, total.
9,137
4, 606
do—
Chemicals and drugs
453
132
--do....
Foods
.._.
1, 559
1, 286
do..
Forest products
.
330
168
do72
3, 073
Fuels._'
-.
-do.
321
369
iron and steel.
67
Leather and leather products.
do
96
186
Machinery._ - - _
do
220
250
Paper, printing, and publishing..
do..
185
227
Stone, clay, glass, and products
do.
71
565
Textiles
_... do.
786
129
Transportation equipment
do-.
1,417
1, 205
Miscellaneous
do. _
576
Retail trade, total
do
4, 652
5, 156
Wholesale trade, total
do~ . . 1,349
2,087
r
Revised.
f Revised series. Commercial failures compiled on a new basis
1939, see p. 31 of the March 1940 Survey.
•New series. For data beginning 1929, see table 35, p. 18, of the
5,288
5, 269
5,302
5, 373
5,323
5,333
5, 352
5,341
5,380
r 5, 381
r 5,371
5.072
199
8,190
14, 413
8,703
595
6, 353
1, 755
5,047
205
8,029
14,675
8,877
648
6, 482
1, 747
5,085
201
8,085
14, 740
8, 851
647
6,469
1, 735
5,165
188
8,424
14, 666
8,848
509
6, 518
1, 821
5,121
183
8,460
14,881
8,960
593
6,496
1, 871
5,120
191
8,431
15, 049
9,081
627
6,528
1,926
5,146
183
8,577
15,124
9,202
757
6,382
2,063
5,144
175
8,239
15, 461
9,457
791
6,567
2,099
5,174
182
8, 505
15, 622
9,361
705
6,573
2,095
5,187
170
8, 734
15, 544
9,280
628
6,540
2,112
5,171
175
8,707
15, 693
9,374
736
6,804
1, 834
2,412
3, 298
8,674
2, 414
3,384
8, 499
2,421
3, 468
8,528
2,380
3,438
8,649
2,427
3,494
8,661
2,399
3, 569
8,475
2,405
3,517
8,462
2,418
3,586
8,517
2, 584
3,665
8,566
2,582
3,682
8,785
2,627
3, 692
8,909
4,353
315
700
4, 295
321
614
4,324
332
609
4,414
337
625
4, 409
326
626
4, 367
322
478
4, 438
301
380
4.441
291
419
4,480
294
390
4,630
297
446
4. 773
304
410
504
1,188
50
1,564
485
1,183
54
1, 547
478
1,185
52
1, 548
476
1,185
51
1,561
474
1,187
52
1, 587
481
1,189
46
1, 592
471
1,199
40
1, 633
474
1, 210
40
1,642
463
1,219
48
1,672
460
1,220
41
1,691
455
1,222
36
1,709
47.0
42.5
256. 6
40. 9
40.1
257. 4
39.9
38.4
258. 9
46.4
41.7
263. 6
47.8
43.1
268. 3
48.2
42. 6
273. 9
47.0
42.6
278.3
45.3
44.2
279.4
42.6
42.0
280.0
41.0
38. 5
282. 5
44.4
43.8
283. 1
1.96
2.03
2.00
2.14
2. 59
3.32
2.67
3.35
2.49
3.38
2.56
3.43
2.94
4.92
1.00
4.00
1.50
2.88
4.86
1.00
4.00
1.50
2.86
4.83
1.00
4.00
1.50
2.84
4.80
1.00
4.00
1. 50
2.82
4.74
1.00
4.00
1.50
Tie
/2
1K
2.93
4.94
1.00
2.96
5.11
1.00
4.00
1.50
Me
Me
5
y-2TQ
M<
IK
1.00
.04
1.00
.01
1.00
.02
1.00
.02
1.00
. 02
1.00
.06
1.00
.10
.51
.47
.46
.42
.45
.65
.76
5, 599
5, 616
5, 632
5,676
5,660
5, 644
5,670
1, 279
53
1, 290
50
1, 297
48
1,301
45
1, 303
44
1,299
43
1,293
43
1,297
42
1,153
57
59
239
9
37
16
6
16
4
14
24
7
63
3
40
690
108
13,243
760
1,094
5,129
78
1,481
167
304
162
26
859
310
279
969
168
326
4, 940
1,320
1,237
44
69
223
8
52
17
1
11
11
8
14
5
56
4
36
789
112
15, 279
614
1,509
4, 942
76
2,142
208
5
105
204
40
335
75
595
157
1. 000
5, 617
2, 597
1,042
48
66
204
7
56
17
4
6
13
11
19
6
38
1
26
622
102
13, 472
' 575
1, 655
4, 939
290
1,167
427
249
30
24
548
856
112
453
214
346
4, 440
1,863
1,197
55
63
216
12
49
28
4
11
8
8
19
7
36
6
28
740
123
11.681
752
668
4, 336
342
1,291
72
78
261
6
70
22
10
14
6
7
31
12
52
4
27
766
114
16, 247
911
1, 547
6,925
33
1,718
535
426
307
175
92
1,318
639
587
251
844
5,198
1.666
1,238
46
70
263
16
51
31
5
10
13
14
27
5
52
3
36
739
120
13,068
570
1,201
4, 588
122
832
739
194
432
194
214
278
76
820
87
600
5,063
1,646
1,114
48
61
226
8
48
26
6
9
8
13
20
4
.57
5
22
666
113
13, 734
1,100
984
5,039
90
1,088
508
434
1.58
246
312
226
93
1,018
572
294
5,228
1,383
1,175
50
65
216
16
40
25
9
15
4
14
12
3
54
5
19
728
116
16,213
594
847
7,117
253
686
287
2. 523
266
64
918
272
161
1, 455
72
160
5, 897
1,758
mi
659
107
4
242
54
267
93
620
190
374
4,585
1,340
2.85
4.76
1.00
4.00
1.50
2.88
4.80
1.00
4.00
1.50
1.00
.04
1.00
.05
2.82
4. 66
1.00
4.00
1.50
2.79
4.56
1.00
4.00
1.50
Me
IK
IK
1.00
. 05
1.00
.02
.43
r
5, 657
5, 635
1, 298
41
1, 295
42
1,296
40
1,128
49
49
209
10
34
24
5
8
9
14
23
4
976
49
58
187
8
36
24
f>
1,111
44
71
214
8
54
21
8
719
102
12, 997
562
1, 272
4, 459
37
843
774
272
T33
197
325
284
101
1,166
40
287
4, 983
1, 721
8
7
20
3
40
21
574
108
1.1,397
541
893
4,779
195
311
866
1.295
49
72
146
399
162
697
260
327
3, 524
1,660
13
21
2
50
:\
21
fifi7
115
12, 715
574
854
5. 329
432
1,156
227
435
100
132
894
65
1, 388
47
361
4,112
1, 846
beginning 1939; for an explanation of tbo change in the compilations and revised data for all months of
September 1940 Survey.
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1AJA
n
i
A
A_
xi
January 1941
1940
January
f
February-
March
October
August
September
24,623
4, 608
663
3,945
1,714
2,453
24,719
4,621
663
3,958
1.716
2,445
24,869
4,650
663
3.987
1,710
2,436
24, 963
4,670
666
4.004
1,707
2,425
14, 769
April
May
June
July
24, 494
4, 591
663
3, 928
1,714
2,463
FINANCE—Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalt
mil. of dol..
Mortgage loans, total
do—
Farm
do—
Other
do._._
Real estate holdings.
do
Policy loans and premium notes
do
Bonds and stocks held (book value), total
mil. of doLGovernment (domestic and foreign):
Totnl
do—
U. S. Government
do
Public utility
do__Railroad
do.__.
Other.
do....
Cash
do....
Other admitted assets
do—
Insurance written:®
Policies and certilicates, total number
thousands..
Group
do....
Industrial
do—
Ordinary
.do....
Value, total
thous. of dol..
Group
do....
Industrial
do...
Ordinary
do—
Premhim collections, total®
do—
Annuities
do....
Group
do...
Industrial
Q°—
Ordinary
do-..
25,076
4, 694
664
4, 030
1,701
2,413
23,815
4, 499
662
3,837
1,754
2,534
23,917
4, 528
660
3, 868
1,720
2, 520
24,042
4, 533
658
3, 875
1,722
2, 507
24,130
4, 543
659
3,884
1,720
2, 490
24,240
4,552
24, 339
4, 555
661
661
3,891
1,711
2,484
3,894
1,718
2,472
24,420
4, 573
662
3,911
1. 716
2,467
14,851
13,714
13,906
13,928
13, 986
14,035
14, 218
14, 325
14,347
14, 527
14, 624
14,692
6, 866
5,010
3,619
2,745
1,621
955
462
6,181
4,441
3, 382
2, 684
1, 467
823
491
6,353
4,611
3. 428
2, 642
1.483
763
480
6,370
4.623
3.449
2, 644
1, 465
890
6,373
4, 597
3, 464
2, 655
1,494
921
464
6, 396
4, 624
3,481
2, 659
1,499
6,529
4. 756
3, 504
2, 668
1,517
983
475
906
470
6,517
4,735
3, 509
2,717
1, 582
875
464
0.520
4,721
3,545
2,708
1. 571
'952
427
6. 651
4, 852
3, 572
2,699
1, 605
897
424
6,738
4,929
3,579
2,694
1,613
888
425
6,811
4,991
3,598
2,717
1.566
922
459
721
28
468
226
560, 912
34,256
134,859
391, 797
724
41
455
228
587, 498
44,027
128,121
415,350
247, 397
23.412
10.854
52. 800
160,331
770
766
30
472
714
35
446
233
597, 45U
48, 946
128,232
420, 272
256,60S
25, 473
11,594
57,112
162,429
697
33
428
235
605, 326
43, 520
124. 192
437, 614
267,714
35.043
12,812
55. 547
164, 312
683
32
426
225
579, 283
53, 757
123,111
402,415
246,254
22. 854
12,339
55, 451
155,610
691
28
443
220
566,061 528, 330
40. 743
39, 632
151,409 133,296
129, 284 119,572
58, 097
54, 877
57, 633
52, 751
22. 218
20, 882
503,427
45, 349
14,893
46, 435
42, 674
15,994
48.652
42 647
.298
(2)
. 061
301
.869
. 052
.571
(2)
.400
.050
.234
. 199
(2)
. 238
3.805
.298
19,963
67, 162 — 36,652 -437,234
1,249
3, 563
33
438, 695 1,164,224
249,885
728
59
443
225
646.550
105, 030
124, 662
416,858
355. 983
50. 082
13.270
106. 662
185.969 i
659
32
400
226
653,150
!34. 507
113.111
405, 538
286.934
42,185
15.848
63.512
165.389
697
25
439
232
561, 638
38,120
125, 226
398, 292
263, 077
25, 562
12.451
56,154
168,910
567,
39.
148,
126.
59.
56,
24,
45.
17.
48,
517,622
41.323
1 SI. 300
121.339
47. 560
4S. 294
17.829
38.470
12.496
39. 002
.298
.168
061
.301
.880
.052
. 572
.022
.401
. 050
.234
.167
. 532
. 238
3. 964
616,085
37, 556
138.545
439, 984
277.439
27. 248
12.960
62, 337
174.894
624. 770
39, 800
135, 852
449.118
268, 866
24,971
12.239
69.543
162,113
793
42
494
256
626, 357
44, 869
141,921
439, 567
266,430
24, 750
12, 583
57,252
171,845
506,212
39, 633
144.717
120. 473
46,661
47, 164
17.657
36. 141
12,761
41,005
567. 872
43, 149
574,453
43.976
158.874
132. 454
54.293
57,781
20. 752
42 825
15. 754
47, 741
571,625
42, 416
157,222
131,230
58. 864
55, 897
21,857
41, 550
15,154
47,435
553, 086
41, 727
146,613
123, 270
54, 290
58, 094
24, 711
44. 595
14, 956
44, 830
91
.298
.169
.061
.302
.867
. 052
. 573
. 022
.401
. 050
. 234
. 167
.531
.238
3.963
. 298
. 170
.061
.302
. 829
!052
.571
.021
.401
. 050
. 234
.167
.531
238
3^759
. 298
. 298
1.167
.169
. 060
.061
.301
.302
.810
. 842
. 052
.052
. 570
.570
.019
.020
.401 [ .400
. 050
.050
.234
.234
.167
.167
1.531
.531
. 238
.237
3.274
3.526
. 298
(2)
.061
. 301
.801
.052
. 572
i 020
.400
.050
.234
.184
(2)
.238
3.602
26
483
262
263
550. 442
40 720
127 974
381 748
248 824
25 938
12, 303
60 409
150,174
6,
4,
3,
2,
1,
819
983
622
731
597
933
459
798
35
506
256
•648,903
55. 244
146,465
447, 194
246, 403
21,941
12. 368
51,766
160,328
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total.thous. of dol
New England
do
Middle Atlantic
do..-.
East North Central
do.West North Central
.
do ...
South Atlantic
do
East South Central
do....
West South Central
do.-...
Mountain .
do
Pacific
do....
Lapse rates
1925-26=100..
505, 474
38, 381
139,1C3
115,940
47, 328
50, 654
19, 440
37. 908
12. 924
43, 790
1M, 172
132. 7"8
53. 070
53, 054
21,9fiO
42, 665
14.730
47. 335
44 260
573, 504
44,112
158,087
130,687
56,173
56,987
21, 624
41,778
14,747
49, 309
.061
.301
.869
.052
.570
(2)
.400
.050
.234
.200
(2)
.238
3.979
298
( 061
302
855
052
570
(2)
399
050
234
/ 199
238
4 034
.298
(2)
.061
.302
.863
.052
.570
(-)
.400
.050
.234
. 203
(2)
.238
4.033
20,463
20, 913
21 244
21,506
- 5 5 , 064
8
519,983
66, 976
10
351. 563
36, 628
-117,947
13
334 113
325,981
38 056
129, 066
113 821
50, 238
51 668
20,913
12, 758
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso..
. 298
Belgium
dol. per belga
(2)
Brazil, official
dol. per roilreis-.
. 061
British India
dol. per rupee.
. 302
Canada _
dol. per Canadian dol..
. 869
Chile
dol. per peso..
. 052
Colombia
do.-.
.570
France _
dol. per franc. _
Germany
dol. per reichsmark..
.400
Italy
dol. per lira
. 050
Japan
dol. per yen..
. 234
Mexico
dol. per peso
.201
(2)
Netherlands
dol. per guilder
Sweden
dol. per krona.
.238
United Kingdom
dol. per £
4. 036
Gold:
Monetary stock, U. S_
mil. of dol
21, 801
Movement, foreign:
Net release from earmark!
thous. of dol -39,495
Exports
--do..
6
Imports
- . . . . . . . .....do.... 330,113
Production, estimated world total, outside
U. 8. S . R . ..thous. of dol.
Reported monthly, totalef
do .
Africa
—do
Canada
do ..
United States.
do..
Receipts at mint, domestic (unrefined')
fine ounces. 397.336
Currency in circulation, total
mil. of dol..
8, 522
Silver:
Exports
thous. of dol..
68
Imports
do
4, 721
Price at New York
dol. per fine oz...
. 348
Production, world
thous. offineoz..
Canada§
do._
Mexico
_.. do-_
United States
. ...do.,
Stocks, refinery, end of month.
United States
do .
.298
. 165
061
.301
.878
. 052
. 572
.022
.401
. 050
.234
,205
. 531
. 238
3. 925
298
. 166
.061
.300
.870
.052
. 570
.022
.401
050
.234
.182
.531
. 238
3. 930
17, 358
17, 644
17,931
90,873
10
167,991
-200,811
11
451, 183
40,034
22
236,413
103. 675
87, 525
44, 208
14,875
17, 512
101,438
85,102
44, 162
15,209
15, 936
104.636
88, 793
45, 562
14,853
16, 972
274. 843
7,483
241,879
7, 598
257,116
7.376
887
3, 795
. 350
22, 494
1,920
6,210
5.716
452
5, 799
.348
23, 452
1,653
8,128
4. 852
487
4, 183
. 348
22, 193
1. 898
6, 539
5,113
4, 638
3,533 !
2,469 f
18,177
18, 433
36, 954 -213, 447
53
18
201,475
459,845
18.770
106, 589
97,605
104.06*
81, 362
88. 075 p 91,137
44,311 I 46,006 v 47, 516
14,188 I 15,045
14, 652
13,317 ! 16,217
16, 408
179. 559
7, 455
259, 423
7,511
240, 003
7, 559
657
504
208 |
4,070
5, 724 j 5,170
.348
.348
.318
22,088 I 22, 501
24, 785
1.690 | 1,786
1, 770
6,785
8,140
5, 723
6,120
5, 744
J
! 295 ! 2,447
1,385 I
19,209
17
106, 384
v 90, 651
v 48,471
15, 488
16, 500
104, 326
v 88, 349
v 47, 000
15, 795
14,862
110,037 ' 109,740 '107 323 114,126
p94, 111 P 93, 810 »91 146 v 97, 913
p 48, 481 P 48, 704 » 47, 600 p 49, 004
15, 982
16,318
15 416 p 16, 100
18,866
16, 052
17 082 21,761
233,901
7,710
231,486
7,848
368, 330
7,883
r
177
4. 589
.349
22, 269
1.997
5,619
5,840
1,870 '
307, 780
8,059
341 402
8 151
447, 526
r
8, 300
180
4,107
348
130
4,656
.348
87
4, 857
.348
6, 511
5.373
15 |
5,378 (
.348 i
23,091 i
2.042 I
6, 861
5, 530
3,424
3,997
1, 605
884
4, 673
.348
23, 423
3,096
1.791 !
8,120
4,419
1,795
5,049
5, 609
1,522
*1 Revised.
v Preliminary.
a
3
Average for May 1-9.
No quotation.
Average for June 1-15.
J37 companies having 82 percent of total assets of all United States legal reserve companies.
<g>40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.
*|Or increase in earmarked gold (—).
§Data reported by the Canadian government have been substituted beginning 1940 for data previously reported directly by producers to the American Bureau of Metal
Statistics, as the latter data have been temporarily discontinued. Annual totals from the two sources have been in fairly close agreement but the monthly movement in the
past has been quite different.
cf Beginning with April 1940, where direct reports from foreign countries were lacking, available reports of the American Bureau of Metal Statistics were used. When no
current reports were available at the time of compilation, the last reported figure was carried forward. The comparability of the data has been affected by these substitutions.
January 1941
33
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
} her
ber
ber
1940
January
February
March
April
May
June
July
;
! tember I October
FINANCE—Continued
CORPORATION PROFITS
(Quarterly)
I
Federal Reserve Bank of New York:
J
Industrial corporations, total (168 cos.) t
\
mil. of dol-J
Autos, parts, and accessories (28 cos.).do
|
Chemicals (13 cos.)
do |
Food and beverages (19 cos.)
_do j
Machinery and machine manufacturing
(17 cos.)
mil. of doL_
Metals and mining (12 cos.)..
_.do
Petroleum (13 cos.)
.__
do
Steel (11 cos.)
do
Miscellaneous (55 cos.)t
do
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
mil. of doL.
Federal Communications Commission:
Telephones (net op. income) (91 cos.)-.do
Interstate Commerce Commission:
Railways, class I (net income)
do
Standard Statistics Co., Inc. (earnings):
Combined index, unadjusted*
1926=100._
Industrials (119 cos.)
do
Railroads (class 1)»
do
Utilities (13 cos.)
do
I
296.2
91.7
45.7
23.2
246.6 I
10.7
6.2
16.3
57.7
44.7
9.0
4.5
r
37.1
17.1
226. 0
* 72. 3
3:
21.0
9.0
3.9
12.1
38.1
36.7
15.9
35.1
35.0
184.8
19. 4
30.1
17.7
8.2
4.7
8.8
58. 9
37.0
54.4
61. 4
' 52. 0
44.2
61.8
62.5
61.9
55. 9
12.8
1.6
92.6
102. 5
** 7.7
147.2
95.1
0.9
141.0
126.1
114.5
118.8
74.2
135.9
d
"81.3
v 82. 0
p 41. 5
v 118. 5
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of mo
mil. of doL. I 44,273
43,774 j 43,909 r 44, 075 44,137
42, 559
42,663
42,810 | 42,971
41,310 I 41,961
42,128
42, 375
Public issues:
1
38,337
38, 498
Interest bearing.
__do
38, 459
38, 386 r 38, 419
37, 234
37, 531
37,625
;6, 517
37, 364
37,671
37,605
37, 493
500
Noninterest bearing
do
541
555
591
593
499
584
526
496
557
509
577
589
Special issues to government agencies and
4,853
5, 209
trust funds
mil. of doL.
4, 585
5, 0C>3
4,775
4,231
4, 471
4, 496
4, 295
4,356
4,256
5,102
4,934
Obligations fully guaranteed by U. S. Gov't:
5,526
5, 809
Total amount outstandingcT
mil. of dol._
5, 528
5,663
5,656
5.535
5,707 i 5,703
5,919
5,673
5,699
5,810
5,811
By agenciesrcf
j
1, 269
1, 269
1, 269
1.269
1,2(59
1,269 !
1,269
1,269
1,269 | 1,269
Federal Farm Mortgage Corp
do i .1, 209
1,269
1,269
2, 631
2. 626
2, 023
2,634
2,641
2,(318
2,813
Home Owners' Loan Corporation..do
2,817 i
2,783 !
2,809
2, (121
2,770 j 2,763
1, 096
1, 096
1, 097
1,096
Reconstruction Finance Corp
do
1,096
1, 097
1,096 I 1,096
1,096 I
1,096
1, 097
1,096 | 1,096
Expenditures, total, including recovery and
I
relieff
thous. of doL j 817,888 648,005 | 841, 329 712,994 668,376 j 871, 554 792, 288 648, 814 933,880 830, 599 708,382 760,280 870, 241
819,821 632,573 I 822, 858 713, 225 654, 170 815,963 756, 975 642, 330 883,092 699, 794 693, 620 757, 530 873, 936
General (including recovery and relief),do
5,072 -13,009 - 8 , 9 5 4 - 4 , 939
3,425
5, 988
975
5,633
Revolving funds, net
.
do
-543
3.979
5,066 !
3,812 I
0
10,000
0 113,520
25, 195
0
20, 000
3,500
Transfers to trust accountsf
do
20,(K)0
10, 000 !
10,000 ! 10, 000 - 5 , 0 0 0
12,212
1, 244
47,
363
2, 576
1.704
Debt retirements
do
49,958
9,325
2,010
9,013
792
790
394
367 !
Receipts, total
___do
484, 791) 406, 967 569, 136 314, 549 443,830 I 934, 208 304, 203 399, 598 784, 218 367, 064 566, 388 711, 124 305, 351
Receipts, net*
do
3(">2, 078 363,967 521,136 314,549 443,830 799,391 304,203 399,598 648, 323 331, 221 447,196 710. 584 333, 258
25, 225
29, 371
28,101
22, 027
Customs
do
27, 814
28, 702
26, 479
26, 251
23, 630
27, 923
35, 788
25, 651
29, 049
Internal revenue, total
do
43S, 484 354, 929 517,924 257,969 394, 688 886, 370 261, 772 356, 508 694. 932 326, 141 522, 813 072, 540 318.578
49, 655
44, 039
37, 645 431, 009
Income taxesf
do i 48, 90!>
45, 338
40,197 463, 786
47, 621
62,663 i 665, 487
34,142 319,143
39, 098 139,131
37, 614
31, 749
29, 437
Social security taxes
do j 138.013 129, 706
39, 194 137, 299
29,225 I 45, 263 177,756
30, 481
Taxes from:
j
!
1,
633
1,084
2,021
1,646
1,734
Admissions to theaters, etc®
__do
1,975 i
2,391
1,791
2, 194
2,118
1,853
2,001
1, 487
669
1,833
480
Capital stock transfers, etc<8>
do j
948
1,593
1,043
1,087
1.012 |
'488
887
1, 275
784
Governmental corporations and credit agencies: j
!
12, 092
12, 398
12,371
Assets, except interagency, totaL.mil. of dol__|
12,410
12, 063
12,062
12,064 i 12,078 i 12,116
12, 176
12, 085 12, 021
8,513
8,013
Loans and preferred stock, total
do j
8,914
8,888 |
8, 951
8,470
8, 583
8,936
8.920 j
8, 023
8, 930
8,922
Loans to financial institutions (incl. pre- j
!
1, 198
1,212 j 1,202
ferred stock)
mil. of dol..!
1, 194
1,198 j 1,170
1, 189
1,247
1,260 l
1,196 I
1, 180
1,232 !
512
524 !
552
513
Loans to railroads
do '•
553
497
509 !
517
515
500 !
521 I
504;
2,323 ! 2,342
2, 348
2, 387
Home and housing mortgage loans..do
2, 336
2, 358
2,365 |
2,377
2,365 I
2,347 | 2,355
2,376 j
Farm mortgage and other agricultural j
3.233 I 3, 349
3,224
3, 328
3, 302
3,705 ! 3,700
3,699
loans
mil. of dol..|
3,726 !
3, 721
3,709 j
3, 700 |
1,185 i 1, 197
1,214
1,200
All other
do I
1,112
1,160 | 1,183
1,140
1,100 • 1,100 !
1, 118 I
1,187
U.S. obligations, direct and fully guaran- j
879
824
834
871
I
846
893
895
teed
mil. of dol.J
874
888 |
895 J
891 !
900 |
562
567 |
569
597
570
543
552
555
558 !
559
Business property
do |
549 !
553 !
1,067 | 1,061
1, 067
1,094
1,081
678
644
610
608
652 '
629
Property held for sale
do !
661 |
1,075 I 1,312
1,043
1,2(50
1,313
1,187
1,103
1, 033
1,038 ;
1,123
All other assets
do I
1.013 !
1,100 I
7,842 | 8, 400
7,977
8. 400
8, 403
8,053 j 7,912
8,064
8,059 I
8,053 |
8,048 |
Liabilities, other than interagency, total do
8,052
I
I
Bonds, notes, and debentures:
i
5, 808
5, 809
5,657 ! 5,535
5,529 ! 5, 526 j 5,811
5,708
5,700 !
5, 664
5,675 |
5,704 I
Guaranteed by the U. S
do I
1. 356
1,354
1,327 ! 1,337
1,352
1,340 :
1,323
1,343 i 1,351 ! 1, 354
1,348 j
1,321 |
Other
do j
964
1, 238
1, 234
1, 243
1,069 ! 1,039
1,004
995
1,019
1, 065
1,057 !
1,105 i
Other liabilities including reserves
do. _ _ _ j
406
410
407
403 |
397
412
404
397
401
398
400 |
405 j
Privately owned interests
do !
1
Proprietary interests of the U. S. Govern- j
3, 844
3,558
3, 580
3,719 i 3,770
3, 603
3,607
4,025
3, 663
3,602 j 3,617
ment
mil. of dol
3,639
Reconstruction Finance Corporation, loans outstanding, end of month: f
Grand total §
thous. of dol._ 1,098.51! 1,615,596 11,609,856 \ 1,596,231 11,620,764 1,625,200 1,620,643 11,614,836 1,635,255 11,651,829 !l,651,615 jl.,021,602 1,648,746
Section 5 as amended, total
do _ . 751, 498 689,603 j 697,205 ! 703,038 | 706,458 715,979 718,030 712,328 720,085 749,921 j 753,087 715,778 720,324
Banks and trust companies, including j
86, 303
83,898 | 83,110
89,008 i 87,761
85, 226
90, 613
93,128
receivers
thous. of dol.. j 109, 214 100, 773 100,007 ! 96, 477 94, 872
4,270
4,138 i 4,347
4, 625
4,597 j 4,(590
3,637
3,375
3,342 j 3,506
3,647 ! 3,480
Building and loan associations
do | 4, 581
2,313
2,354
|
2,331
2, 176
2,105
2,188
2,
077
2,389
2, 571
2, 506 I 2,478
2,457
2,433
Insurance companies
do |
Mortgage loan companies
do I 159, 534 134, 432 138,595 I 142, 464 142.876 ! 145,436 146, 243 146,846 j 145,951 146, 637 149, 737 151,456 I 157,094
506,
623
466,093
!
475,856
507,
627
470,
039
469,
769
472,
596
444.314 448,792 j454,194 458,841 S 467,887 471, 747
Railroads, including receivers
do j
3, 775
3,(112
3,554
3,889 I 3,839
3, 684
3,401
4, 138
3,963 i 3,919
3,765 ! 3,615
All other under Section 5
do | 3, 498
Emergency Relief and Construction Act, j
as amended:
!
Self-liquidating projects (including financ- !
21, 202
31, 785
38,540 j 40,010
19,915
19, 784 i 20, 509
42, 664 ; 38, 258 j 38, 232 ! 38, 230 I 37,870
ing repairs)
thous. of d o l . j 19,581
Financing of exports of agricultural sur47 !
47
47
47
63
105 |
47 (
47 !
47
47
47
47
pluses
thous. of dol.
Financing of agricultural commodities
520
751 '
675
520 |
445
445
625
525
751 !
751
747
521
and livestock
thous. of doL
747
d
'Revised.
Deficit.
©Number of companies varies slightly.
§See note marked with a " § " on p. 34 of this issue.
? Preliminary.
cfThe total includes guaranteed debentures of certain Federal agencies not shown separately.
^Includes repayments unallocated, pending advices, at end of month.
tRevised series. Data on total expenditures and transfers to trust accounts revised beginning 1937 and on income taxes beginning September 1936; see table 50, p. 18, of
the November 1940 Survey.
•New series. For data beginning January 1937, see table 50, p. 18 of the November 1940 Survey.
JA merger during the second quarter of 1940 reduced the number of corporations in the miscellaneous group to 54 and the total to 167.
®Excludes collections from national defense taxes under Revenue Act of 1940.
,i
34
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March
April
May
June
July
SepAugust tember
October
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)-Con.
R. F. C,, loans outstanding, end of month—Con.
Direct loans to business enterprises (including participations)
_-.thous. of doL_ 126,008
Loans for National Defense under the Act
of June 25, 1940*
thous. of dol_. 50,864
Total Bank Conservation Act, as amended
thous. of dol._ 559,420
83,507
Drainage, levee, irrigation, etc
do
107,141
Other loans and authorizations§
do
CAPITAL FLOTATIONS
Security Registrations!
(Securities and Exchange Commission)
Total securities effective under the Securities
Act of 1933
thous. of dol.. 161,748
2, 862
Substitute securities*
do
4, 758
Registered for account of others
do
Registered for account of issuers, exclusive of
substitute securities
thous. of doL, 154,128
46,931
Not proposed for sale.
„
do
Proposed for sale:
i
Issuing and distributing expense:
Compensation to underwriters, agents, I
etc
thous. of doL. i 3, 717
Other
do
695
Net proceeds to be used for:
102, 755
Total...
.do
9,309
New money
do
Purchase of:
13,381
Securities for investment
do
82
Securities for affiliation
..do
0
Other assets
do
69,825
Repayment of bonds and notes.do
' 681
Repayment of other debt..
do
9,427
Retirement of preferred stock ..do
10
Organization expense.—
do
40
Miscellaneous
do
Gross amount of securities less securities reserved for conversion or substitution, total
thous. of doL. 158,886
Type of security:
70,607
Secured bonds
do
1,766
Unsecured bonds
do
24.263
Preferred stock
do
26.
578
Common stock
.
do
35,672
Certificates of participation, etc
do
Type of registrant:
1,731
Extractive industries
do....
18,243
Manufacturing industries
do
49, 926
Financial and investment
do
200
Transportation and communications-do
Electric light, power, heat, gas and water
thous. of doL. 78.052
Other___
do_._. 10, 734
114,069 154,830
143,882
1,916 i 5,288 ' 41,507
37, 541
379
0
53, 970
7,384
3,214
15
6
2,370
25
0
73,002
4,558
0
2
555
0
200
190
126, 208
6,461
3,391
(°)
8
153,367 | 143,542
241,143
60, 474
225,510
99, 739
76,882
1,591
46, 815
17, 700
3,391
33, 443
12, 645
125, 681
10,900
8,710
8,076
0
153,
46,
17,
23,
522
506
209
369
536
13, 477
0
19, 366
19, 409
8,223
44, 217
53, 866
84,509
38, 424
4,493
3,200
75,000
5, 039
14,119
2,381
58,144
0
2,254
6,799
9,685
105,148
72, 000
11, 040
9, 209
2,194
0
9,929
40, 776
7,823
6,160
23, 517
224
1,401
323
26,293
4,999
2,184
2,375
122,320
12, 282
18, 504
1,957
21.567
16,768
9,210
10,819
61, 839
14,374
705
4,864
86,112
2,745
3,768
75
5,726
9,835
4,337
54,955
511
119,176
2,891
107, 300
2,444
85,413
250
824
10,150
84,018
53, 755
0
2,250
54,700
2,210
218,420
335, 061
286,809
450,801
240,633
344,896
88,920
88,920
21, 640
98, 421
98,421
30, 528
94,251 103,959
94, 251 103, 959
35,405 45, 404
71, 213 117, 609 122, 111
70, 463 117,609 122,111
30,527 |53,925 89, 287
15 418
0
816
5 406
21,373
0
3,545
5,611
19,483 i 32,746
0 I 10,000
2,284 | 1,590
13, 638 1,069
15, 957
0
3,700
10, 870
0
67, 280
0
0
0
0
0
67,893
0
0
0
0
113, 994
47.
31,
40,
24,
I
289
270
679
303
0
116,780
3,974
81,396 ! 55,205
2,186 I 19,407
0 500
111,676
359
115,167
273,307
6, 650 39,541 230,483
11,429
24, 878 22,598
23,869
16,016
16,465
7,397
57, 917 19,375
130
10, 870 ' 17,637
13,319
28,323
12,750
38,158
6,815
0
3,177
70,097
1,779
50,386 189.833
7,058 | '7U0
Securities Issued
(Commercial and Financial Chronicle)
Securities issued, by type of security, total (new
capital and refunding) __
thous. of dol - 439,I2f>
New capital, total..
do
Domestic, total-.
_.do
Corporate, total._.
_
do
Bonds and notes:
Long term
..do
Short term
...do
Preferred stocks
.do
Common stocks
do
Farm loan and other Government agencies
thous. of doL.
Municipal, State, etc
do
Foreign, total
do
Corporate
do
Government
do
United States possessions
_...do
31,025
100
15, 253
7,547
800
5,600 I 5, 500
58,184
57,755 I 34,336
0
750
0 I
0
0
o i
0
0
0
750
! 169,419 I 227,287
192,559
192,559 346,842 169.419 ! 227,287
137,460 346,842 j103, 799 192, 353
210,842 j
101,898 196, 370 87,049 154,191
0
0
3,000
0
13,750 I 37,546
35, 562 14,472
0
0 617
0
0
58, 846
0
0
0
0
250,144 I 226,457
79, 680
0
0
9,607
3,000
29,824
0
0
0
0
690,209 j 281.469
710,020
81, 861 396,071 129,104 110,687 257,003
81, 861 396,071 128,604 110.687 257,003
67, 938 68, 006 47, 278
9,339 44, 989
6,875
910
65
1,489
42,543
0
1,096
1,350
! 52,612
i
0
! 13,427
i 1,899
2, 250 289,458
0
70, 272 61, 624 60, 666
0
0
500
0
0
0
0
0
0
0
0|
500
63,728
0
2,720 ' 9. 877
1,558
16,321
0
42,680
0
0
0
I)
112.009
97,626
0
0
0
0
Refunding, total
do
129,500 236,640
128,033 144, 596 294,138 '152, 365 114,752 453,017
Domestic, total
do
129, 500 236, 640
128,033 144,596 294,138 152, 365 111,552 453,017
Corporate, total.
...do
90,835 195,817
82, 660 102, 276 225,623 111,494 62, 465 345,347
I
Bonds and notes:
Long term
do
88, 277 189, 307
82,660 96, 947 223,116 107,047 60,449 331,651
0
836
Short term
do
0
0
0
5,000
0
0
Preferred stocks
.do
4,900
0
0
1,180
13, 651
2,558
257
4,421
1,610
0
Common stocks
do
0
0
329
45
2,250
26
Farm loan and other Government
18, 600
28,800 21, 695 16,942
25,850
agencies
thous. of dol__
17, 350 25,150 28, 870 48, 400 27, 525 26,000
28,050
22 223
26,299 114, 305 48, 678 17
12,816
20,223
13,450
20,115
Municipal, State, etc.
do
13, 346 23,087 79,620
0
0
0
0
0
0
0
0
Foreign, total
do
3,200
0
0
0
0
0
0
0
0
0
0
Corporate
___
do
0
o
0
0
0
0
0
0
0
0
0
Government
_...___do
0
0
0
0
0
0
0
0
0
0
0
0
United States possessions
do
3,200
0
•Less than $500. r Revised.
tRevised series. Data on security registrations revised
3Viat;u beginning
uogxi.iJ-iii.ig January
j a u u a i v xvoo,
1938, sec
see table
lauic tt
47,, p.
y . 15
io ui
of the
inc November
i>uvt
1940 Survey.
For
1938
* X\"ew
T A W series.
sp.rips
F o r data
Hn.t.n. beginning
hfi^inninp
1 9 3 8 ffo.
o r s n hus
s t im
t nu
f rt.tp; seuuiiues,
s p . m i r i t . i p . s . sbet;
p f t finijm
.ablp. 4
I n ui
o f tha
IVOVPI
" - -iy^u
• - issue.
t47,
/7 ,. n
u. 10
tut? i\uvemi.iei
securities, see
table
p.
15
of the
November
1940
issue.
§Data
revised
to v-volude
excludeate
.louu beginning
.^s^xxx^e, January
.uuuc.j 1937
^w. w
a loan to the Rural Electrification Administration advanced in varying amounts during 1937-39, now classified under
o
allocations. Revisions not shown in the October 1940 Survey were comparatively small with the exception of July 1939 for which revised figures are as follows: Grand total
$1,619,724,000; other loans and authorizations, $104,758,000..
1
35
SURVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February
March
Sep- October
August tember
April
May
June
July
246, 279
53, 925
22, 598
171,947
89, 287
6,094
111,616
9,339
2,826
270,612
44,989
3,772
179, 432
67,938
23,124
130,471
68,006
17, 544
392, 625
47,278
16, 268
350
0
0
280
0
0
0
0
0
0
90
0
40
3,785
2,000
30, 232
14, 292
102, 276
2,500
11,012
15, 205
15,000
225, 623
93,628
111, 494
60, 776
18, 521
25, 576
6,325
62,465
7,275
0
148
5,444
15,258
10,160
345, 347
86, 660
0
427
0
829
0
77
0
490
94,020
5,000
117,466
329
13,700
23, 811
25, 300
1,530
43,300
7, 900
3, 500
100
53
47
103
63
40
67
40
75,122
77, 354
74,662
100, 957
177,552
117,406
FINANCE—Continued
CAPITAL FLOTATIONS-Continued
Securities Issued—Continued
(Commercial and Financial Chronicle)
Securities issued by type of corporate borrower,
total
thous. of doL. 261,186
New capital, total...
„
do
168, 699
Industrial
do
2,834
Investment trusts, trading, and holding
0
companies, etc
thous. of doL.
25
Land, buildings, etc
_
do
141,091
Public utilities
do
Kailroads
do
23,840
909
Shipping and miscellaneous
do
92,487
Refunding, total
do
53, 586
Industrial
do
Investment trusts, trading, and holding
companies, etc
thous. of doh.
0
3, 592
Land, buildings, etc
do
23,438
Public utilities
....
do
1,329
Railroads
do
Shipping and miscellaneous
do
10, 541
Domestic issues for productive uses (Moody's):*
211
Total
..mil. of doL.
165
Corporate
do
46
Municipal, State, etc
____do
112,475
21, 640
7,658
0
750
2,185
9,525
1,523
90,835
12,000
226, 345 172, 865 256, 246 134, 327
30, 528 35, 405 45, 404 30, 527
13,913
5,249
1,201
14,088
0
0
32
0
5, 510 18,184
31
5,998
4,900
3,277
195,817 137,460
15, 215
0
0
0
0
0
1, 995
386
76, 840 119,200 101, 368
0
60,000 20, 494
0
1, 016 15, 598
59
14
45
56
20
36
37
12
25
1,000
0
450
0
7,015
8,407
960
7,750
30, 730 13,169
210, 842 103, 799
115, 000 24, 250
0
575
89, 897
0
5, 370
16, 767
8,114
6,096
192,353
50, 943
19, 400
63, 513
82, 660
78, 200
728
0
0
32, 269
35, 000
11, 500
1,000
41, 236
82, 252
16,923
2,960
1,500
45
26
19
67
22
45
52
25
27
36
7
29
82
39
43
87, 006 * 66, 583 ' 51,093
174,916
118, 588 134, 808 122, 245 224, 706
54, 947
75,692
76, 004
234, 340
28
9
19
0
780
0
0
200
0
0
367
207, 334
50, 558
428
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short term)....
thous. of dol__ 70,091
do.___ 166, 245
88, 854 103, 871 61,570
207,413 64, 025 ••156,777
r
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
mil. ofbu__
Corn
do
406
91
417
102
1,054
170
666
214
383
280
914
195
623
272
906
207
637
266
649
50
743
35
901
112
921
134
432
70
495
92
451
81
360
62
360
893
195
616
253
886
186
615
247
910
192
626
252
702
239
459
251
653
223
376
267
642
213
376
261
631
215
368
256
635
218
370
268
653
203
381
269
90.96
95.62
40.64
91.33
95.72
43.28
92.84
97.03
44. 86
81.2
86.3
100. 2
57.1
120.4
106. 3
81.5
86.8
100.2
57.5
121.2
106. 7
92. 08
96. 56
43. 07
82 7
87. 8
100. 6
59. 7
122. 3
107. 7
81,388
121,857
65, 530
102,228
67,057
99,101
53. 571
82, 424
114,881
185,154
98,120
2,131
95,989
82, 680
13,309
79, 705
2, 337
77, 368
66, 566
10, 802
94,701
148,956
78, 398
129, 205
125, 965
1,597
124,368
109,915
14,453
53,431
48,903
4,528
48, 602
46, 762
1,840
53,914
49, 399
4,515
49, 239
47, 285
1,954
53,913
49, 400
4, 514
49, 643
47, 699
1,944
54,329
49, 966
4,363
50,438
48, 481
1,957
2.39
66
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net),.mil. of dol..
Cash on hand and in banks
do
Money borrowed
____do
Customers' free credit balances.....
do
886
198
602
262
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
93. 58
90.14
92. 02
87.87
91. 24
91.97
92. 48
92.33
92.86
dollars..
97. 78
95. 70
95. 05
96.02
95. 68
96. 55
94.93
96. 51
92.47
Domestic
do
45.
60
51.23
52.00
52.23
51.58
52.77
39.09
48.86
38.38
Foreign
do
Standard Statistics Co., Inc.:
83. 9
78.5
82.4
79.4
83.0
82.1
82.2
82.1
82.5
Composite (60 bonds) __dol. per $100 bond-.
90. 3
87.3
87.0
87.3
86.8
87.3
84.7
87.5
85.3
Industrials (20 bonds)
do
100. 5
101.8
101.8
101.6
101.6
101.8
98.7
101.7
99.3
Public utilities (20 bonds)
_ do
60. 9
58. 2
60.2
57.8
58.0
57.2
52.0
58. 2
53.5
Rails (20 bonds)
do....
127,3
117.5
120.2
119.1
119.9
119.7
114.6
119.8
115.3
Domestic municipals (15 bonds)
do
110.7
103. 8
106.0
105. 7
105.3
106.7
104.8
106. 7
104.9
U. S. Treasury bondst
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
90,317
135, 515 125,631 134,462 103,351 102,858 135,784 149,103
Market value
thous. of dol__
193, 891 206,047 208, 518 153, 589 163, 222 210,816 219, 740 134, 597
Face value
do
On New York Stock Exchange:
74,484
105,994
Market value
do
98,662 101,179 81,807 81,857 108,459 115,226
159,374 173,971 166,112 127,344 135,832 176, 998 179,936 114,651
Face value
do
Exclusive of stopped sales (N. Y. S. E.),
face value, total
thous. of dol... 159,006 151, 685 176, 100 144,917 120, 384 135, 239 165,116 176,105 102, 663
2, 422
3, 760
5, 628
2, 365
TJ. S. Government..
__ do
4, 322
3, 285
3,677
4, 323
8, 250
Other than U . S . Govt., total_..do.._. 156.584 146,057 171, 778 141,157 118,019 131,954 160,793 167, 855
98, 986
139,191 123,230 146, 192 120,903
Domestic
do
99,176 110,849 139, 547 144, 924
81,058
17, 393
20, 254 18, 843
22,827
Foreign
_ ._ . . . _
do
25, 586
21,105
17, 928
21, 246
22, 931
Value, issues listed on N . Y. S. E.:
52,879
Face value, all issues
mil. of dol._ 54,237
52. 435 54, 067
53,988
53, 937
53, 853
53, 646
53,414
49,877
Domestic issues
do
47, 869 49,512
49, 440 49, 400
49,313
49,108
48,879
48,347
4, 360
Foreign issues
do
4, 566
4,548
4,537
4, 540
4,538
4, 535
4,532
4, 554
50. 756
Market value, all issues
do
47,839 49, 920
49,679 49, 605 50,006
49,612
46,937
47, 666
48, 768
Domestic issues
do
45, 500 47, 541
47, 314 47, 265
47,611
47,305
45,197
45,894
1,988
Foreign issues
do .
2,339
2,365
2, 340
2,396
2,217
1,740
1,771
2,379
Yields:
Bond Buyer:
2.67
Domestic municipals (20 cities)
percent—
2.62
2.59
3.00
2.72
2.63
2.70
2.18
2.59
Moody's:
3.72
Domestic corporate
do
3.65
3.54
3.58
3.70
3.60
3.63
3.69
3. 40
By ratings:
2.82
2.96
2.93
Aaa
.___._
.do
3.00
2.94
2.86
2.84
2. 96
Aa
do
3.16
3.14
3.08
3. 05
3.04
3.10
2.99
3.08
3. 78
A._.
do
3. 40
3.74
3. 68
3.09
3.65
3.70
3.59
3.65
Baa
do
4.85
4.48
4.92 I 4.86
4.83
4.80
5.11
4.74
4.94
By groups:
Industrials
do
3.25
3.05
3.20
3.25
3.21
3.14
3.12
3. 09
3. 14
Public utilities
.
do
3.41
3.35 i 3. 33
3.38
3.29
3.33
3.24
3.30
4.07
4.44
4.39 I 4.37
Rails
...do
4.47
4.37
4.57
4.33
4.46
Standard Statistics Co., Inc.:
2.69
2.81
2.18
2. 58
2. 56
Domestic municipals (15 bonds)do.....
2.56
2. 54
2. 60
2.85
1.97
U. S. Treasury b o n d s . .
do i
2.30
2.46
2.35
2. 32
2.25
2.39
2.25
2.38
r
Revised.
*New series. For data on domestic issues for productive rises beginning 1921, see table 34, p. 17, of the September 1940 Survey.
tRevised series. For data beginning 1931, see table 55, p. 17 of the December 1940 survey.
83. 6
89. 2
100. 6
61.0
124.6
108.8
93, 532
159, 704
150, 981
2, 496
148,485
129, 460
19, 025
2.53
2.52
3.57
355
3.50
3.46
2.88
3.01
3.57
4.80
2.85
3.03
3.55
4.76
2.82
3.01
3.52
4.06
2.79
3.01
3.48
4.56
3.15
3.23
4.32
3.12
3.23
4.30
3.10
3.19
4.23
3.06
3.18
4.15
2.54
2.28
2. 49
2.25
2. 44
2.18
2. 32
2. 10
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March j April
May
r October
June
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
mil. of doL. :, 781. 52
Number of shares, adjusted
millions-- 936. 43
Dividend rate per share (weighted average)
1.90
(600 cos.)-dollars-.
3.01
Banks (21 cos.)
do
1.88
Industrials (492 cos.)
..--..do
2.54
Insurance (21 cos.)
do.
1.97
Public utilities (30 cos.)
_ do
1.47
Rails (36 cos.)
_
do—.
Dividend declarations (N. Y. Times):
Total
thous. of dol~ 685, 574
635,110
Industrials and miscellaneous
do
50,463
Railroads.
do
Prices:
Average price of all listed shares (N. Y. S. E.)
57.0
Dec. 31,1924=100-.
Dow-Jones & Co., Inc. (65 stocks)
45. 04
dol. per share—
133. 90
Industrials (30 stocks)
....
do
21.22
Public utilities (15 stocks)
.do
29. 36
Rails (20 stocks)
do
95. 86
New York Times (50 stocks)
do
170.32
Industrials (25 stocks)
...do
21. 40
Railroads (25 stocks)
...do
Standard Statistics Co., Inc.:
82. 1
Combined index (420stocks)
1926=100-.
95. 8
Industrials (350 stocks)
..do
120.2
Capital goods (107 stocks)
.do
89. 9
Consumer's goods (194 stocks).. .do
79.0
Public utilities (40 stocks)
do
27.8
Rails (30 stocks)
do — Other issues:
55. 6
Banks, N. Y. C. (19 stocks)
do —
Fire and marine insurance (18 stocks)
93. 9
1926=100-.
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol-Shares sold
thousands _.
On New York Stock Exchange:
Market value
thous. of doL.
Shares sold
thousands -.
Exclusive of odd lot and stopped sales
(N. Y. T i m e s ) - . . . .
thousands-- 20,893
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol-.. 41,848
1,457
Number of shares listed
millions ..
Yields:
5. 6
Common stocks (200), Moody's
percent-.
4. 3
Banks (15 stocks)
do
Industrials (125 stocks)
do
4/1
Insurance (10 stocks)
do
6.0
Public utilities (25 stocks)
.do
5.8
Rails (25 stocks)
do.. . .
Preferred stocks, Standard Statistics Co., Inc.:
Industrials, high-grade (20 stocks) percent __|
573.05 1,589.37 [1, 597. 25 1,618.60 1,631.30 11,643.66 11, 680. 36 11,690.37 1,694,82 11,713.08 jl, 711.42 1,738.04
935.03 j 936.43 i 936.43
936.43 ! 936.43 I 936.43 I 936.43 ! 936.43
936. 43
936. 43 I 936. 43 j 936. 43
1.68
3.01
1.61
2.39
1.95
1.25
1.70
3.01
1.63
2.53
1.95
1.25
1.73
3.01
1.67
2.64
1.95
1.26
1.71
3.01
1.63
2.64
1.95
1.26
1.74
3.01
1.68
2.64
1.95
1.26
330,592 231,651 \ 338,366 216,350 | 180,341
311,996 215,588 j 323,201 I 213.822 I 176,637
18,596 I 16,064
15,165
2,528 ! 3,704
659,512
608,149
51, 362
63.2
64.4
63.0
51.01
149. 98
25.68
33. 38
108. 59
192. 28
24.90
50.01
148. 54
25.00
31.63
109.01
194. 21
23.82
49.72
147. 60
25. 44
31.09
107. 40
191. 78
23.03
94.2
110.9
137.2
102.0
87.3
31.6
91.8
107.9
133.8
100.6
86.7
29.6
108.8
132.7
102.5
88.4
29.6
63.6 |
49.44 I
147.29 j
24.87 !
30.83 i
107.83 |
192.67 i
22.98 |
91.5
107.3
130.1
102.2
87.6
28.7
92.7
i
!
i
I
|
j
1.79
3.01
1.75
2.44
1.96
1.27
1.76
3.01
1.70
2.64
1.96
1.27
64.3 |
1.81
3.01
1.77 '
2.44
1.96
1.29
1.81
3.01
1.77
2.54
1.96
1.29
1.83
3.01
1.79
2.54
1.96
1.36
1.83
3.01
1.79
2.54
1.96
1.36
1.86
3.01
l.S'l
2. 54
1. 96
1.36
449, 981 239, 426 194,824 365, 553 209,482 221,404
420, 278 223, 372 182,232 347,331 207,354 213.843
7, 561
12, 592 18,222 2,128
29,703
16,055
64.3
50.2
53.1
54.6
49.92
! 148. 91
j
25.09
31.00
! 109.17
! 195.13
| 23.22
43.48
130. 76
21. 45
26.52
95.20
170. 95
19.46
39.99
119.46
20.15
24.66
89.17
159.61
18.72
| 41.64
| 122.23
| 22. 42
! 26. 43
i 90. 46
| 161.49
j 19.43
42. 50
125. 32
22.22
26. 83
92.21
164. 48
19.94
44. 40
131.46
22.18
28. 43
96. 27
171.50
21.05
44.72
132.39
22. 07
28. 83
97. 29
173.26
21.34
91.5 |
107.5 i 109. 2
130.9 i 132.8
102.7 I 104.4
87.8
87.1
29.1
28.9
83.0
97.3
118.1
92.7
80.6
25.4
73.3
76.1
84.8 I 87.2
104.1 i 105. 9
80.0
84.2
75.1
80.1
22.7
24.4
77.5
89.1
109.5
85.8
80.3
24.9
80.9
93.7
116. 5
89.6
81.0
27.0
81.4
94. 6
119.5
90.1
80. 2
27.4
49.15 I
147.13
24.26
30.45
107.66
192.71
22.61
58.4
55.6
59.3 !
59.2 I
58.9 ;
52.0
48.8
51.4
50.4
51.0
53. 6
96.4 !
94.5 I
94.3 I
83.8
78.7
84.0
84.3
87.4
90.0
814,162
35, 426
767,158 774, 470 583, 619 632,092 1,134,339 (1,438,199 ! 560,463 320,860
26, 093 28,718 | 51,103 I 69,493 | 25,451
31, 446 31,710
15,191
320, 913
14, 214
472,741 591,703
20,728 | 24,006
723, 491
27,516
648,942 I 652,915 487, 929 527, 777 964,608 1,242,999 487,116
23,175 I 24,141
19. 367 20, 568 37, 599
54, 517 20,107
270,471
10, 420
406,925
16, 206
58.7
58. 3
91.9
94.0 ! 95.3
59. 3
19, 220
17,769 | 15,991 j 13,465 i 16,269 j 26,696
45, 505
1, 432
46, 468
1,435
45, 637
1,441
4. 5
4.2
4.3
4.1
5.3
4.5
4.6
4.1
4.4
4.3
5.3
4.8
4.5
4.2 j
4.4 !
3.9 i
5.3 I
4.6 j
4.98 |
4.95
46,058 i 46, 695
1,441 [ 1, 444
4.6 !
4.6
4.0 !
4.1
4.5 j
4.5
4.3 i
4.3
5.3 !
5.2
4.7 I
4.90
4.7
38, 969
15, 573
46, 769
1,446
36, 547
1,447
38,775
1,450
4.6
4.1
4.5
4.3
5.3
4.8
6.1
5.2
6.1
4.9
6.3
6. 3
5.7
4.8
5.9
4.5
5.7
5.7
4.92
4.90 |
5.07
264,352
10,828
7,307 j
39, 992
1, 454
5.6
4.7
5.7
4.5
5.7
5.5
505,193
18,522
7,616 11,941
14,484
41,492
1,453
42, 674
1,453
40, 706
1,454
5.5
4. 7
5.5
4.4
5.6
4.7
5.6
4.8
5.7
5.6
5.4
4.3
5.26
Stockholders (Common Stock)
American Tel. & Tel. Co., totalnumber-.;
Foreign
do |
Pennsylvania Railroad Co., total
do j
Foreign
do ;
U. S. Steel Corporation, total
do !;
Foreign
do
Shares held by brokers
percent of total..;
636,884
6,787
209,346
\ 2,752 i
! 164,822
| 3,191
! 28.03 !
6 3 1 . 3 4 3 •_.
6,451 '__
206,907 ;
2, 742 :
164,553 \
2,706 i
48 i
i 635,286 !
!
I 632,398
! 6,674!
...J
j 6,544
j 208,705 j
!.._
j 207,679
:
2,712 i
i
2,746
I 163,972 I
i
165,193
i 3,020;
..... 2,745
! 28.31 L '
27.57
!
.
I
I
FOREIGN TRADE
INDEXES
Exports:
Total: Value, unadjusted
1923-25 = 100,.
Value, adjusted
do
U. S. merchandise, unadjusted:
Quantity.
do
Value
do
Unit value.do
Imports:
Total: Value, unadjusted
_.do
Value, adjusted
do
Imports for consumption, unadjusted:
Quantity
1923-25 = 100..
Value
do.
Unit value
do.
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14=100..
Adjusted
do.
Total, excluding cotton:
Unadjusted
_do.
Adjusted
do.
r
Revised.
77
67
97
95 |
91
100
93
92
85
90
86
91
92
104
83
95
92
100
78
74
Mid
137 j
97 ;
71 !
130
91
70
132
92
70
123
85
69
124
85
69
136
92
68
126
84
67
135
92
68
115
77
68
136
60
66
61
65
64
65
69
72
78
68
71
60
63
64
63
106
65
61
105
64
61
106
64
60
109
64
59
115
68
59
114
67
59
106
61
58
117
67
57
52
61
39
47
34
44
34
47
26
32
23
22
37
27
51
55
43
45
48
53
52
57
47
48
37
34
48
42
116
77
67
140
73
73
76
77
119
67
57
127
73
58
124
73
59
95
75
118
105
57
52 |
63 !
58 |
96
104
74
90
67
37
SURVEY OF CURRENT BUSINESS
January 1041
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1940
1939
Novem- Novem- December
ber
ber
January
February
March
April
May
June
July
August
tember
October
FOREIGN TRADE—Continued
VALUE
Exports, total, incl. reexports._.-thous. of dol.. 327,685 292, 582
By grand divisions and countries:
16,945
8,997
Africa
do...
55', 894
58, 577
Asia and Oceania
do.__
Japan
do
| 16,443
25, 243
Europe
^-do
I 118,695 104. 399
(a)
13, 239
France
-do.
Germany
do.
(a)
3
6,029
Italy
-do.
3
31,485
United Kingdom
do
I 102, 375
52,113
North America, northern
do
| 65, 609
51,262
Canada
do
I 64, 262
29.510
North America, southern
do
j 33, 792
8,700
Mexico
do
[
9, 772
38, 986
South America
do
30, 749
5,920
9,887
Argentina
do
10, 807
Brazil
do
10, 608
3, 625
Chile
do—.
4, 081
U. S. merchandise, by economic classes:
Total
thous. of doL. 321,275 >• 286, 891
Crude materials
do
58,318
24,600
30, 563
Cotton, unmanufactured
do
7, 703
22, 656
Foodstuffs, total
do
14.650
Crude foodstuffs
do
3,603
5, 386
17,270
Mfd. foodstuffs and beverages
do
11,047
5,738
Fruits and preparations
do
1,974
4, 057
Meats and fats
do
1,859
Wheat and flour
do
3,078
2,703
Semimanufactures
do
63.200
70.651
Finished manufactures
do
211,373 142. 716
Autos and parts
do
19, 870
26, 828
Gasoline
do
6, 897
7, 524
Machinery
do
38, 637
62,873
General imports, by grand divisions and countries:
Total
thous. of doL.. j 223,430 235, 402
13,191
9,033
Africa
..do93, 250
Asia and Oceania
do_
77, 695
21, 676
Japan___
do.
18, 985
24, 600
Europe
do60, 344
1, 870
6,313
France..
do_
576
2. 656
Germany
do_
Italy
do.
4,965
10,428
13, 577
United Kingdom
do.
North America, northern
do
j 44,122
36,109
Canada
do
I 42, 533
34,833
North America, southern
do
! 14, 884
15,166
4,811
5,352
Mexico
do
I
South America
do
i 33, 383
37,053
0, 902
6,689
Argentina—
.
do
9, 340
12, 395
Brazil
do
i
4, 435
Chile
do
j
6,629
Imports for consumption, by economic classes: j
Total
thous. of dol.-| 217,175 214,454
93,838
75, 386
Crude materials.
do..
22, 695
Crude foodstuffs
do...
27, 881
22, 444
Mfd. foodstuffs and beverages
do.
21, 777
44,383
48, 614
Semimanufactures
do..
33,816
40, 795
Finished manufactures.
do..
367, 819
368, 584
346, 779
352, 272
324, 008
325, 306
350,458
317, 015
349,928
295,245
343,485
11,342
78,120
27, 556
157. 340
36,645
1
8, 623
50,395
44,477
43,878
32, 311
9,926
44, 227
10, 791
10, 483
3,908
11,276
76,061
28, 247
172, 640
38. 508
( tt )
8, 300
67,143
42, 282
41, 647
27,758
8,046
38, 566
10,157
9,216
3,259
10, 789
61, 520
15,193
165, 741
39, 277
4
9, 598
58, 534
43,671
43,131
28,065
7,522
36, 993
9,147
10,116
3,418
11, 727
59, 299
17, 800
160,050
42,034
44
10,083
51, 890
49, 700
48, 855
29,167
8, 394
42, 328
10, 821
10, 368
4, 354
13,
53,
15,
140,
45,
944
220
271
240
990
35
9,240
53, 339
55,136
54, 373
25, 249
6, 624
36, 219
8,326
10, 360
3,066
12, 545
57, 898
13. 721
124,527
39, 350
70
13, 234
49, 822
62, 738
61, 877
27, 265
7,472
40,332
10,770
10, 384
3,694
12,325
53, 755
15, 421
144,813
47, 237
0
1,603
77,868
67, 679
66,796
26, 924
6, 536
44,961
14,759
10,641
4,244
12, 243
59,146
15, 364
122, 837
206
(fl)
16
108, 368
64, 486
63, 494
24,163
7, 110
34,139
10,650
7, 205
3,110
12, 615
59, 734
25.188
143', 754
89
6
125, 309
71, 800
70,707
27, 888
7,198
34,137
10,170
7,522
3, 543
14,094
48,405
17,778
113, 523
72
0
90
103,361
64,626
63 252
25! 673
7, 697
28,923
6, 267
6, 753
2,976
15,613
66, 957
26,195
122,003
8
0
12
107,597
77,886
76,682
31, 556
10,061
29,471
5.151
7,176
3,389
357, 450
64, 264
43, 741
24, 342
7,784
16, 558
4, 099
5,133
1, 978
75, 661
193,183
24,826
9, 638
48,100
359,098
82,193
59, 884
27, 705
7,257
20,448
4,316
7,154
2,259
75, 362
173,838
23, 736
6,412
44,173
338, 639
61,113
44, 283
31,222
8, 752
22,470
5, 554
6, 889
3,340
71,355
174, 950
23, 835
5, 534
45, 235
344, 559
46, 752
26,583
25, 881
8, 026
17. 855
4, 087
3,240
5,752
73, 508
198,418
29,326
5, 387
59, 726
316,520
40, 886
21. 086
22, 058
6,314
15, 744
3, 927
2,762
3, 3K1
65. 810
187^ 766
19, 493
5, 364
62, 864
318,051
40,277
13, 526
14, 965
4, 005
10,960
1, 60S
2. 056
1,993
74, 41)0
188,319
21,337
6,110
58, 422
344,444
33,589
8,295
17, 758
6,480
11, 278
2,209
1,764
1,536
76,310
216, 787
17,661
6,332
54,496
312, 337
31, 987
7,861
20, 407
7,706
12, 701
1, 538
3,151
2, 593
75, 545
184, 398
13, 964
3, 966
48, 292
341,924
24,161
3, 640
19,170
5, 819
13,351
2, 386
1,710
2, 237
96, 863
201,730
15,645
4, 365
56, 813
288, 270
22,724
5,138
15,331
4, 974
10,357
1,813
1,729
2,153
78,575
171,639
15, 735
4,422
52,658
336,165
29,188
10,541
18,360
7, 528
10,832
2, 362
1, 754
2, 946
81,421
207,195
22, 531
5, 827
61,046
246, 903
9,955
91,005
18, 915
57, 333
5,303
3,383
3,895
15, 719
33, 215
32,012
17,111
5,912
38, 285
8,363
10, 215
7,879
241, 897
8,030
100,107
22,196
52, 024
7,313
1,591
2,563
14,191
30,164
28,877
20,002
5,958
31, 570
9, 663
7,871
2,480
199, 775
10, 481
65, 789
7,998
38,039
4,786
924
2,613
8,945
26,963
26, 279
23,270
6,733
35, 234
10,819
8, 067
4,593
216, 732
11,322
76, 041
9,335
41,160
5,170
392
3,968
14, 973
26,401
26,089
26, 957
6,402
34, 850
10, 466
8,122
4,134
212, 240
7,958
77, 883
8,760
40, 883
4,220
357
4,953
12, 748
30,475
29, 778
25,993
6,652
29,048
5,084
7,079
7,012
211,382
8,052
70, 057
9,283
38, 215
5, 351
231
4,210
12,115
36, 917
36,180
25, 797
6,889
32, 344
5,067
9, 282
6,143
211,390
9,209
72,720
8,972
35,876
3,222
251
4,053
15,426
37,802
37,164
28,491
10,330
27, 292
4,743
7,579
3,590
232, 258
14,849
86,645
13, 362
32, 303
1, 751
201
802
20, 299
39, 852
37, 976
24, 585
6, 986
34, 024
5,175
9,004
8,583
220,217
11,901
90,795
13,277
26, 566
655
183
158
13, 280
41,029
39, 467
19,571
6, 330
30,355
5,170
8,396
6,372
194,928
12,581
86, 220
11,124
15,762
267
231
116
9,263
40, 569
39,197
14,722
3, 876
25,075
3,648
7, 122
5,164
207,141
9,714
89,843
18,361
18,330
415
231
74
9,873
39,163
38,050
16,440
5,105
33,650
5,010
9, 904
6,378
232, 738
86, 770
25,665
29, 786
55,619
34,898
234, 634
95, 714
24, 793
23, 316
53, 732
37,079
189, 824
70, 420
23, 838
23,138
42,860
29, 567
206,719
77,880
25, 636
22, 812
46, 596
33, 794
202,974
78,125
25, 052
24, 539
42, 447
32,810
203, 702
70,866
26,095
27, 215
43,337
36,189
205,397
70,511
23, 642
31,275
45,146
34, 823
217,828
85, 231
24, 924
22, 567
45, 414
39, 691
214,106
88,495
21,515
20,588
50,342
33,166
196,312
80,113
18,098
19,026
46,510
32, 565
213,133
88,904
22, 625
21,176
46,045
34,383
(a)
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
Operating income
thous. of dol._
do. —
9,525
76
11,007
74
9,167
80
9,281
76
9,586
84
9,588
75
9,837
61
9,528
71
9,415
77
9, 632
69
10, 055
87
10, 624
82
7.8585
784,590
57,174
7.8336
825,903
60,649
7.8336
811,787
58,950
7. 8336
767, 688
56, 545
7. 8253
823,167
59,974
7. 8253
798,945
57,872
7.8253
813,615
59,139
7.8253
755,312
55,935
7.8253
724, 709
53, 574
7.8253
726,760
54,097
7.8253
763,114
58,452
7.8253
831,810
60, 542
83
87
100
50
83
50
64
105
91
82
80
100
51
88
41
63
191
89
73
79
101
44
75
39
60
29
81
78
71
92
51
87
40
62
116
89
72
95
106
41
66
38
58
25
74
78
83
90
47
73
39
62
114
86
68
80
88
43
69
33
59
26
71
73
68
65
44
75
40
61
107
83
67
70
73
44
69
31
60
26
74
6Q
66
70
43
75
39
60
105
77
67
63
62
44
70
34
60
42
76
70
75
73
43
79
37
59
102
74
71
67
70
47
75
69
85
48
73
31
60
170
85
75
81
91
45
74
38
60
100
82
70
89
46
110
31
60
182
82
75
83
105
46
80
35
61
96
80
78
75
88
51
89
38
61
178
83
76
85
108
49
74
38
61
96
82
86
83
94
56
89
54
64
185
94
77
80
99
51
79
42
61
106
84
97
57
81
63
64
173
100
77
65
97
55
81
45
62
117
89
Local Transit Lines
Fares, average, cash ratef
Passengers carriedt
Operating revenues
cents_. 7. 8253
thousands.. 803,421
thous. of dol..
Class I Steam Railways
Freight-carloadings (Federal Reserve):
Combined index, unadjusted.._ 1923-25 = 100.Coal
do
Coke
do
Forest products
do
Grains and grain products
do
Livestock-.do
Merchandise, 1. c. 1
do
Ore
_..do
Miscellaneous
do
Combined index, adjusted
do
Coal
-.
-do
Coke
do
Forest products
do
Grains and grain products
do
Livestock
do
Merchandise, I. c. 1
do
Ore
..do
Miscellaneous
.
do
84
83
104
55
73
52
63
105
95
83
76
104
56
78
43
62
192
94
« Less than $500.
tRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey,
been marked with a "+") on p. 37 of the April 1940 Survey.
m
34
60
134
80
72
78
73
45
74
38
60
96
77
77
Passengers carried revised beginning 1938; see note " q " (note should have
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March
April
May
July
June
- October
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Class 1 Steam Railways—Continued
Freight-carloadings (A. A. R.):1
Total cars
thousands. _
Coal
do
Coke
do—
Forest products
do
Grains and grain products
do
Livestock
do
Merchandise, 1. c. 1
_
-..do
Ore
do
Miscellaneous
do
Freight-car surplus, total—.
do
Box cars
do
Coal cars
do.__.
Financial operations:
Operating revenues, total
thous. of doL.
Freight
do
Passenger
_._
do
Operating expenses
do
Taxes, joint facility and equip, rents*..do
Net railway operating income
do
Net income
_do I
Operating results:
Freight carried 1 mile
mil. of tons..
Revenue per ton-mile
cents..'
Passengers carried 1 mile
millions..
Financial operations, adjusted:*
Operating revenues, total
mil. of dol..
Freight
do
Passenger
do
Railway expenses
do
Net railway operating income—.
do
Net income
do
Waterway Traffic
Canals:
Cape Cod
_.thous. of short tons..
New York State
do
Panama, total
thous. of long tons_.
In U. S. vessels...
do
St. Lawrence
thous. of short tons..
Sault St. Marie
_
do
Welland
.
_do—
Rivers:
Allegheny
do
Mississippi (Government barges only).do
Monongahela
do
Ohio (Pittsburgh district)
do
Clearances, vessels in foreign trade:
Total U. S. ports
.thous. of net tons..
Foreign.
do
United States
do
61
193
166
80
752
213
., 614
96
33
42
364
204
244
455
810
099
2,062
1,127
893
8, 642
1, 529
307
2, 792
1,468
' 3, 70S
'717
' 59
r
177
'186
r 81
-766
-194
' 1, 528
108
47
35
r
2. 562
r
525
' 48
' 121
' 133
r
50
T
566
'43
r
1, 076
160
58
2,555
643
50
115
117
50
554
38
989
126
59
36
2,487
571
43
121
123
43
571
39
974
178
69
75
3,123
624
45
160
163
53
741
51
1,284
188
70
85
2,494
444
30
129
131
45
595
59
1,062
163
67
2,713
470
33
134
126
47
597
195
1,112
154
69
56
3,535
600
50
171
164
52
725
326
1, 446
126
54
43
368, 027 345, 247 345, 498 313, 475 327, 009 321. 439 343, 362 344,813
310, 434 276, 272 283,107 257, 630 268, 721 265, 246 284, 634 280, 660
33, 262 29, 956
36, 079
29, 742
35, 936
37, 816
31, 945
29, 289
256,170 249,013 257, 341 240, 519 248, 594 245, 818 252, 803 252, 462
41, 799
42, 591
41,681
44,932
40, 338
r 41. 442 35, 281
43, 483
33, 822
36, 734
47,419
' 70. 415 60, 953
45, 567
32, 618
47, 077
2,927 * 10, 761 * 4, 955 * 9, 261
7,050
3,843
36, 622
33,004
3,135
562
44
157
160
69
606
279
1,260
75
33
24
3,269
505
47
167
154
86
636
274
1,400
88
366, 078 381, 427 382, 603
300, 658 310,645 316,125
37, 732
36, 094
40, 974
261,999 267, 505 260,179
48,231
46,974
47, 907
70,193
57,104
66,015
30, 733
16,042
21, 725
413, 590
348,169
33, 465
276, 717
49. 885
86,988
42, 654
2,826
474
41
127
203
41
570
275
1,095
133
57
47
3,718
657
54
186
208
62
755
347
1, 449
1C4
51
30
45
35,131
.953
1, 591
31, 460
.961
2,020
32, 502
.952
1,932
29, 655
.947
1,709
31,116
.944
1,803
29, 903
.964
1,691
33, 086
.927
1,699
32,908
.930
2,060
33, 713
.963
2,244
36, 398
.926
2,480
37,058
.923
2,144
369.1
307.4
32.6
303.6
65.5
23.8
359.8
296.6
34.7
295.4
64.4
21.3
357.6
294.1
34.8
301.3
56.3
15.3
339.2
278.3
33.9
290.3
48.9
8.4
328.7
265.9
35.6
289.9
38.8
328.3
269.9
32.4
289.0
39.3
341.8
281.4
32.5
290.4
51.3
9.5
359.8
297.2
34.8
299.5
60.2
18.4
356. 3
293.8
33.8
302.7
53.6
11. 9
364. 8
298.4
36.7
307. 6
57. 2
14.9
376. 9
312.9
34.6
309. 5
67.4
363.0
298. 3
35. 0
311.5
51.5
485
709
2,473
1,031
1,073
10, 438
1,535
661
0
2, 461
1,047
33
953
404
566
0
2, 338
1,066
0
0
0
434
0
2,124
1,022
0
0
0
631
0
2,279
1, 073
0
0
0
572
0
2,081
1,042
268
1,278
449
(0
C1)
0)
(0
0)
()
665
2,319
1,358
1, 057
12, 250
2,051
647
1,789
898
1,055
13, 455
1, 913
779
2, 285
1,075
1,123
13,842
1,832
303
192
2,494
1,427
214
128
2,658
1,443
60
83
1,281
315
125
79
1,615
836
207
158
2,288
1,135
302
164
1,984
1,208
475
246
2,603
1,560
469
204
2,687
1,552
198
2,681
1,474
625
2,418
1,202
1,008
13,713
1,820
501
212
2,679
1,412
6,071
4,196
1,875
4.536
3,215
1,321
4,356
3,034
1,322
4,250
3,014
1,237
4,597
3,198
1,399
4,759
3,078
1,680
5,845
3,751
2,094
6,335
4,230
2,105
6,340
4,241
2,099
6,331
4, 307
2,024
7,733
7,408
844, 413 1,038,278
171,557 175. 263
71, 530
67, 031
7,271
817,633
150,102
61, 355
6, 673
7,930
697, 385 894, 581
139, 816 195, 062
58,937
8,332
871, 317
224,852
88,062
9,267
941,810
258, 451
100, 044
• 648
2,304
1,101
992
• 13, 003
1,616
12,971
1, 491
423
192
2,585
1,396
437
183
2,935
1,603
804
2,418
1,133
1,070
5, 415
3,727
1,688
Travel
Operations on scheduled airlines:
Miles
flown
thous. of miles..
Express carriedpounds..
Passengers carried.
number..
Passenger-miles flown thous. of miles..
Hotels:
Average sale per occupied room
dollars..
Rooms occupied
percent of total ..
Restaurant sales index
1929=100Foreign travel:
U. S. citizens, arrivals.
number..
U. S. citizens, departures
do
Emigrants.
do
Immigrants
do
Passports issued
do
National Parks:
Visitors
__
do
Automobiles
_
..do
Pullman Co.:
Revenue passenger-miles
thousands..
Passenger revenues
thous. of dol_.
COMMUNICATIONS
Telephone carriers:
Operating revenues
_
thous. of dol__
Station revenues
do
Tolls, message.
do
Operating expenses
do
Net operating income
do
Phones in service, end of month ..thousands..
Telegraph and cable carriers:!
Operating revenues, totalt
thous. of dol..
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol_.
Cable carriers
.
do
Operating expenses f
do
Operating income f
_
do
Net income f
do
Radiotelegraph carriers, operating revenues
thous. of dol..
9,573
,205,261
239, 858
90, 697
9,549
10,121
10, 635
10,084
10, 223
981, 884 1,056,999 1,201,999 1,184,249 1,329,843
286,272 296, 539 320, 990 310,293 334,386
110,840 112,377 121, 602 118, 534 125, 924
3.47
64
103
3.44
61
96
3.29
54
90
3.21
66
92
3.25
66
91
3.18
65
3.40
66
104
3.10
66
108
3.27
3.19
60
3.39
64
100
3. 35
67
96
3.39
70
100
1, 503
10,129
7,984
1,607
5,861
1,641
11,565
7,099
1,714
7, 673
1,663
13, 367
15, 785
1,530
3,876
2,527
21,049
14,125
1,248
7,025
1,870
22.822
25,113
1,459
6,373
2,070
16,067
16,410
1,192
6,923
2,109
12,905
11,948
1,310
6,186
2,604
16, 603
8,688
993
4,125
2,926
17, 254
12,354
1,189
4,298
2,848
15, 692
10, 960
3,110
4.812
2,435
11,308
15, 569
1,317
4,861
1,913
8, 422
9, 692
1, 641
4,824
1,628
92, 746
83,966
28, 997 ' 27, 079
63, 486
19,740
68, 774
19,470
77,122
21,189
117,430
32,967
124,864
38, 580
259, 368
77,869
539,769
166, 667
927, 757
257,109
933,783 497,149
258, 128 149, 214
252, 788
79,194
562, 047
3,704
675, 284
4,367
795,095
5,254
671,769
4,558
735,316
4,871
635, 802
4,170
570,836
4,749
685,427
4,277
702,186
4,263
718, 140 702,104
4,381
4,402
684, 932
4,235
103, 403
68, 394
26, 265
70, 052
19, 406
18, 447
105,125
69,026
27,188
70, 568
20,119
18, 537
106,144
70, 023
27, 322
70, 329
20,973
18,710
102,999
68,674
25, 512
67, 868
20, 365
18,802
106, 094 107,155
70, 469
69, 716
27, 859
27, 573
69,
S42
69, 675
21, 172 22, 135
18,
992
18, 896
108,603
71,007
28, 693
71, 950
21, 391
19,089
106,063
69, 741
27,424
68, 995
18, 404
19,108
106, 593
68, 972
28, 636
71, 850
19,204
19,138
107, 350
68, 749
29, 722
70,885
20, 560
19,211
107, 852
70,117
28, 781
69,711
16,174
19, 334
113,087
73, 025
31, 034
72. 841
23, 004
19. 446
10, 313
9,324
11,925
10,822
10, 445
9,451
10,020
9,094
10, 868
9,932
10,661
9,687
11, 586
10, 565
11,116
10,198
10,773
9,906
10, 969
10, 188
10, 648
9,882
11,442
10, 622
610
989
9,210
424
<*432
658
1,103
10,008
1,212
331
599
994
9,408
332
<*460
566
926
8,892
443
591
936
9,554
626
123
594
973
9,321
641
145
661
1,022
9,816
1,035
397
569
918
9,621
759
466
543
867
9,873
204
d
293
433
781
9,783
443
415
766
9, 409
503
94
441
821
9. 695
1,012
536
1,152
1, 258
1,109
1,028
1,072
1,116
1,239
1,177
1,149
1,083
1,110
1, 267
d
' Revised.
Kevisea.
° juencn.
* Data temporarily discontinued by reporting source,
Deficit.
^Data for November 1939, March, June, August, and November, 1910 are for 5 weeks; other months, 4 weeks.
*New series. Adjusted data onfinancialoperations of railways beginning 1921 appear in table 33, p. 16, of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to providefiguresfor obtaining total railway expenses as givenin the adjustedfiguresoffinancialoperations; earlier data may be obtained
by deducting operating expenses and net railway operating income from operating revenues.
tRevised to exclude data for radiotelegraph carriers; for revised data beginning 1934, see table 48, p. 16 of the November 1940 Survey.
39
SURVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February-
March
April
June
May
July
SepAugust tember
October
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption
thous. of wine gal13, 544
Production
do.__
13,158
Stocks, end of month
do...
1, 586
Alcohol, ethyl:
Production
thous. of proof gal23, 354
Stocks, warehoused, end of month..
do..__
10, 027
23,110
Withdrawn for denaturing
do...
2,959
Withdrawn, tax paid
do__.
Methanol:
Exports, refined
.
.
gallons . 191, 739
.34
Price, refined, wholesale (N. Y.)-dol. per galProduction:
Crude (wood distilled)
...thous. of galSynthetic
do-.Explosives, shipments
thous. of lb34,444
Sulphur production (quarterly):
Louisiana
long tons
Texas
.
do...
Sulphuric acid (fertilizer manufacturers):
Consumed in production of fertilizer
short tons.
Price, wholesale, 66°, at works
dol. per short tonProduction
short tons^
Purchases:
From fertilizer manufacturers
do__From others
..do—
Shipments:
To fertilizer manufacturers
To others
Stocks, end of month-
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory.
.thous. of lb-.
Production
_.do
Stocks, end of quarter
do
Greases:
Consumption, factory
do
Production
.
do
Stocks, end of quarter
do
Shortenings and compounds:
Production
do
Stocks, end of quarter
do
Fish oils:
Consumption, factory.
_.._ do
Production
do
Stocks, end of quarter
do
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory (quarterly)
mil. oflb-.
Exportsthous. oflb-.
Imports, total
do
Paint oils
do
All other vegetable oils
do
Production (quarterly)
mil. of lb._
Stocks, end of quarter:
Crude
do
Refined.
do
r
123,995
.36
480
4,612
35, 477
r
r
10, 140
10. 398
1,417
8, 505
8,460
1,366
' 9, 494 * 9, 791
9, 524
9,994
1,392
1,591
10,037
10,037
1,586
20, 652
15,279
18,386
1, 504
20.381
18, 773
14,697
1,640
20,983
20, 218
20, 677 20,957
16, 730 • 17,610
2,012
2,035
368, 240 369, 290 228,357
.36
.36
.36
434
4,184
30, 580
457
3, 453
34,690
126,650
530,047
176, 860 172,332
9,497
10. 443
2, 605
11,195
11,510
2, 919
14,157
13,694
2,445
15, 566
15, 098
1,975
20, 948
21,921
17, 752
1,782
21, 423
21, 799
17, 490
3,380
22, 457
22, 393
19, 621
2,020
24,094
23, 645
20,918
1,424
21,559
18, 480
24,218
2, 045
23, 350
13,471
25, 552
2,357
326,149
.36
35, 725
.34
21,932
.34
53, 341
.34
74, 295
.34
228,961
.34
198,332
.34
162, 302
.34
507
3,463
30,189
442
3,486
32, 204
437
3, 409
34,475
426
3,426
32, 877
390
3,852
33, 340
408
3,788
35,036
366
3, 549
37,180
463
4,408
37, 740
149, 995
525,157
121, 820
546, 558
137,445
573,421
134,050
153,215
140,444
169,878
16.50
16.50
16. 50
16.50
16.50
212, 719 196, 290 192, 846 191, 643 176, 846
16.50
180,553
16. 50
194,664
16. 50
193,243
16. 50
222,476
15, 692
27, 330
18,013
36, 029
24,133
32, 517
30,782
31,476
33,813
27,163
38, 361
25,518
37, 371
f>9,090
89, 282
34, 534
57, 344
90,971
44, 063
55, 433
94, 628
45, 680
60,923
91, 732
42, 582
59,393
103, 532
48, 635
65,817
105, 557
105
675
1,536
187
108
1,125
329
116,416
56, 602 53, 398 60, 332 65,798 108, 207
79, 270 70,905
15,891
7, 538 18,629
27,164 28, 902 14,847 20.053
20,485
88, 409 55,009
43,474
19, 717 43,311
80, 484
27,099
43,167
428
722
489
486
800
544
278
748
63, 852 109,670 126,952 146, 012 110, 544 178, 782 144,702 146, 797
56, 362 101,335 105. 510 103, 281 73, 792 135, 839 118,515
97,020
28,478
89, 679 79, 299
66, 407 59, 518 56, 627 26, 506 80,039
637
476
705
1,228
693
406
600
2,799
5, 625
18,161 41, 793 65, 486 40,094
4,214
19, 553 30,197
122
90,061
15, 379
66, 619
372
99. 002
83, 707
62, 598
3,386
10, 349
178,474
30, 321
128, 907
881
89,891
75, 542
52, 703
3, 136
8,829
142
144,348
29, 729
100, 713
536
71, 038
61,456
37, 610
364
7,787
189
148,135
15, 773
111,936
1,003
68, 208
63, 090
34, 822
3,394
3
1. 450
34,534
1.450
48,018
1.470
42, 752
1.470
48,282
182,160
16. 50
10.50
16. 50
208, 461 219,838 235,023
158, 592 149,303
37, 562
32, 784
32, 885
36,889
26.699
26, 826
19, 724
23, 685
19, 383
23,416
44,979
53, 318
74, 027
47, 623
59,870
83,814
39,636
58, 335
92, 040
40,300
55, 650
93,132
34, 685
55,002
93.231
1.450
70,952
1. 450
62,635
1. 450
54,944
1. 450
10,106
1.450
5,412
140,272
11,991
27,618
32, 533
58, 001
94,820
1.450
3, 511
1. 450
4,711
1.450
23, 363
1. 450
35,817
417,410 405,199 430, 820 358, 758 351,009 338, 482 339, 736 327,169 323, 567 361, 387 327,117 404, 467
27, 584
45, 389 130,823
98, 210
19, 225 24, 368 30. 335 52, 741 158, 717 221, 376 133, 372 61,120
1,228,028 1,233,297 1,256,690 1,250,521 1,115,331 834,900 906, 650 945, 712 1,010,047 1,091,183 1,135,178 1,201,715
1.87
2.25
2.31
2.30
35,018
11,630
43, 736 51,032
542, 091 643, 443 642, 234 605,046
.45
7,793
44,488
7,290
54, 366
1, 300
53,066
.26
10, 945
16, 022
81, 674
6,943
74, 731
.27
10, 202
94, 677
.30
1,487
76, 664
1.76
2.38
2.35
1.96
2.13
7,710
6,764
26, 679 37, 792 43,411
570, 403 544, 281 522,133 516, 741 529, 416
1.42
46,132
519, 556
1.69
48, 389
524,212
1.61
40,190
522,181
1.67
39,820
528, 065
.32
11,302
53,345
.33
12, 340
54, 488
.34
11, 496
55, 809
.37
9, 762
51, 053
.41
8, 364
44,961
.33
611
66, 532
.37
1,202
58, 369
.35
6,584
51, 215
.34
9,429
50, 704
256,378
629, 499
417, 673
229, 509
688, 427
560,537
231, 581
610,030
633, 821
508, 543
557, 921
61,061
107, 304
60,375
85, 454
112, 203
110, 851
89, 978
109, 979
122, 330
82,409
104,520
121, 217
330,816
56, 621
273,119
57, 250
287,998
52, 880
296,179 '
80. 026
129, 743
245,150
63,129
34,015
203, 521
47,402
5,843
166, 507
43, 958
42, 816
174, 462
1,019
17,436
80, 975
16, 733
64, 242
1,069
10, 499
80, 711
20, 527
60,183
784
654
Revised.
f Revised series. Data beginning 1919 are shown in table 3, p. 17 of this issue.
447
3, 782
31,035
9,625
9, 707
1,662
r
143, 742 137, 321
do...
do._.
do._.
FERTILIZERS
Consumption, Southern States
thous. of short tons..
Exports, total...
long tons__
Nitrogenous
do
Phosphate materials
do
Prepared fertilizers
do
Imports, total
do
Nitrogenous, total
do
Nitrate of soda
do
Phosphates
do
Potash
do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)
dol. perewt.Potash deliveries
short tons..
Superphosphate (bulk):
Production
do
Shipments to consumers
do
Stocks, end of month
......do
NAVAL STORES
Rosin, gum:
Price, wholesale "H" (Savannah), bulkf
dol. per 1001b.Receipts, net, 3 ports
bbl. (500 lb.)..
Stocks, 3 ports, end of month
do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal __
Receipts, net, 3 ports
bbl. (50 gal.)-Stocks, 3 ports, end of month
do
• 13, 071 r 11,450
• 13, 065 r 11,145
<• 1,481
1,173
"21, 793 22,080
14,614
14,168
22,944 r 19, 525
1, 729
2.282
12, 091
66, 579
7,580
58, 999
914
15, 057
67, 0J1
9,107
57,904
910
861
754
9,178
66, 051
1,388
64, 663
8,804
71,149
11,944
59, 205
756
8,648
78, 214
15, 791
62, 424
558
713
684
10, 245
96, 629
19, 533
77,096
11,695
74,854
10,839
64,015
622
9,680
57, 977
2, 745
55, 232
540
737
452
13, 383
64,460
6, 027
58, 433
40
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March
April
May
June
July
August
September
20,578
57, 579
11.980
29 293
October
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Con.
Copra:
Consumption, factory (quarterly) short tons
30,5S4
Imports._ _.
...-do
Stocks, end of quarter
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. oflb
Refined (quarterly)..
do___i. 004
In oleomargarine
do
Imports-. . . __
__ .do __ 34, 412
Production (quarterly):
Crude
_
-_ do
Refined
_do
Stocks, end of quarter:
Crude do
Refined
do
Cottonseed:
644
Consumption (crush)
thous. of short tons._
700
Receipts at mills _
__ do
1,102
Stocks at mills, end of month
-do__
Cottonseed cake and meal:
138
Exports
__ .
short tons
280 890
Production
do
153,405
Stocks at mills, end of month
_ do
Cottonseed oil, crude:
Production
thous. oflb.. 205, 192
Stocks, end of month . .
dO-._ 182,533
Cottonseed oil, refined:
Consumption factory (quarterly)
do
10, 908
In oleomargarine
do
Price, wholesale, summer, yellow, prime
. 057
(N Y )
dol. per lb
Production
thous. of lb_- 158,418
Stocks, end of month
do. . . 400,259
Flaxseed:
1,093
Imports
._
thous. of bu Minneapolis:
388
Receipts
do __
452
Shinments
do
6,232
Stocks
do
Duluth:
537
Receipts
do
Shipments
do _ _ 2,042
277
Stocks
do
Oil mills (quarterly):
Stocks, end of quarter
do
Price, wholesale, No 1 (Mpls.)
dol. per bu,_ 1 L 5 9
31,127
Production (crop est)
thous of bu
Linseed cake and meal:
282
Exports
do
32, 440
Shipments from Minneapolis
_ do
Linseed oil:
C^onsnrnntion faotorv (ouarterlv)
do
.080
Price wholesale (N. Y".)
dol. per lb
Production (quarterly)
thous of lb
13,250
Shipments from Minneapolis
do
Stocks at factory end of quarter
do
Oleomargarine:
30, 854
Consumption (tax-paid withdrawals)--.do
Price, wholesale, standard, uncolored (Chi.115
cago)
dol. per lb
30, 002
Production
thous. of lb
Vegetable shortenings:
.087
Price, wholesale, tierces (Chi.).._dol. per lb..
55, 240
28, 658
35, 084
31, 790
2,154
34, 744
150, 528
58, 424
1,972
26, 686
48, 863
22, 449
2, 051
34,899
1,841
26, 240
78, 834
35. 633
45 756
149,761
55, 986
2, 464
34, 266
18, 932
27, 606
3, 084
34, 977
2,527
18,150
70 217
17, 454
46 933
146,156
58, 492
1,575
26, 729
19,137
1, 261
36, 659
1,180
20, 280
148,245
56, 248
1,142
21,084
69,478
73, 725
98, 519
70, 920
87, 781
69, 451
73,038
75, 920
178, 383
11,881
196, 940
13, 407
202, 239
15, 083
209,674
13,772
20,801
1,404
30,157
642
651
1, 293
505
378
1,105
525
158
798
424
146
521
293
89
317
173
28
172
101
26
97
57
23
03
42
18
40
77
125
80
353
599
SVS
700
1,407
1,040
1,403
288, 224
206, 503
343
220, 704
219,412
216
230,590
217,083
141
190,194
200, 275
112
135,993
175, 093
116
83, 402
151, 995
47,227
129,173
31
20, 105
110,909
1
19, 500
79, 501
140
30, 303
57, 339
40
155. 320
95, 8S4
140
312,138
130,714
200, 675
184,433
159, 229
181,801
107, 475
°02 274
138,092
201,407
98, 075
180, 292
61, 574
142, 833
36, 438
98,843
19.390
00,134
14,123
37, 352
23,158
24, 267
110,592
80, 274
224,625
118,288
9,701
318,455
8,779
10, 077
10, 200
278, 034
9,021
8,188
8,468
316,196
7,392
8,520
8,275
312,007
9,950
11,827
.065
164,396
490,350
.069
155,781
553,702
069
141,503
588,641
.069
125, 824
028, 632
.007
114,712
045,875
.068
97, 318
640,910
.004
79, 498
000, 480
.060
51, 091
553,395
.000
45, 802
493, 658
. 050
34, 202
412,504
. 050
40.171
348,042
.054
134, 308
350,104
682
623
1,058
1,763
1,972
1,199
1,434
521
661
628
24
704
318
428
4,059
269
104
3,616
153
130
2,720
139
119
2,151
127
88
1,751
176
132
1,237
209
172
701
161
123
519
42
38
248
7,307
1 180
2,816
5, 813
347
7,073
1.220
234
7,303
541
566
1,084
145
1,178
51
26
35
42
2
12
31
2
1
32
56
0
88
170
180
78
53
0
130
63
183
10
1,560
244
1,333
2, 293
1,091
1, 935
517
674
1,778
2.18
2.14
7 892
3, 356
2.08
2.11
1.97
6,637
3,148
1.78
1.58
1.50
0,943
7,038
1.48
1.47
18,453
21, 440
50,068
14, 200
35, 688
14, 960
66,237
15, 2S0
21, 538
13,760
1,926
10, 440
50
18, 560
1,021
22, 700
159
29, 440
029
34, 900
.107
.102
.108
.105
"l3,620
u, 660
1.84"
30, 914
21, 480
.098
10, 680
2
8 736
4,866
2.07
20 152
52. 705
21, 320
88, 287
.102
100,150
8,820
142,457
10, 380 "167866"
85, 526
.106
150,197
12, 960
172,800
101,052
98,977
.084
.092
.099
.087
135, 389
128, 383
14, 450 "14," 350" "14," 550" 16,000
115,135
132, 881
. 083
16, 600
27, 719
25, 737
29,409
28, 474
26, 828
27, 580
24,123
19, 495
22, 060
22, 498
25, 719
29,489
.128
27, 886
.120
25, 587
.120
29, 354
.120
29,477
.120
2G, 641
.120
27,408
.120
24, 676
.120
19, 852
.120
22, 021
.118
21, 064
.115
20, 542
.115
30,160
.099
.099
.100
.100
.099
.096
.098
.095
.095
.093
.090
.086
140
40
213
34
203
32
205
34
186
42
215
54
272
54
302
56
247
43
193
47
202
49
213
50
218
48
158
273
153
206
159
277
140
252
133
264
186
320
234
382
242
413
207
316
199
251
183
295
193
311
181
302
30,795
22, 819
11,330
11.483
7,970
29, 396
21, 772
10, 234
11, 538
7,624
25, 934
19, 333
9,409
9,924
6,602
27, 665
20, 456
9,991
10, 465
7,210
25, 536
18, 806
8, 920
9,887
6,729
30, 370
22,610
10,080
12,531
7,759
36, 206
26, 552
10,972
15, 580
9,654
41, 722
29, 744
11,051
18, 693
11,978
36, 271
25, 828
9,776
16, 052
10, 443
34, 056
24, 278
9.895
14, 383
9,779
34,991
24, 973
10,619
14,354
10,018
33, 937
24,101
10,502
13, 599
9, 830
37, 748
27. 347
12,594
14,753
10,401
346
1,361
1,244
271
1,089
1,199
271
1,239
1,081
186
1,016
918
212
1,090
925
174
852
848
171
800
926
212
770
850
168
899
955
168
890
970
280
1,093
1,113
247
1,096
1,130
10
725
793
14
987
1,030
9
857
751
7
637
655
12
550
589
18
558
490
10
702
649
6
634
562
8
565
408
773
784
8
820
755
9
983
944
1,199
1,119
1,183
1,135
1,177
1,024
972
878
1,104
1,022
951
904
893
837
871
682
897
777
1,423
1,342
1,709
1,501
1 920
1,783
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
. . . do
Paint, varnish, lacquer, and fillers:
Total
do
Classified, total
—
do __
Industrial
. _.
do . . .
Trade
do
Unclassified
__
.
do
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
207
Consumption
thous. of lb
Production
. . . .
do ___ 1. 001
1,131
Shipments cf
do
Cellulose-acetate sheets, rods, and tubes:
Consumption
thous. of lb
934
Production
.
._ do.
1. 037
Shipmentsd*
do
Moulding composition:
1, 000
Production
do
1. 410
Shipments!
do. . .
^December
1
estimate.
2
Revised Estimate.
d*Includes consumption in reporting company plants.
§Excludes consumption in reporting company plants.
SUEVEY OF CUERENT BUSINESS
January 1941
Monthly statistics through December 1989, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the November
1940 Supplement to the Survey
41
1939
CHEMICALS AND ALLIED PRODUCTS—Continued
ROOFING
Asphalt prepared roofing, shipments:
Total
..thous. of squares.
Grit roll...
_
do...
Shingles (all types)...
do...
Smooth roll
do__.
2,486
632
810
1,044
1,546
408
447
691
1,137
314
285
538
2,982
980
2, 707
734
1,076
897
989
3,484
1,012
li 293
1,179
11,104 j 11,514 i 11,193 I 11,609
11,485
12, 091
12, 450
2,105
488 j
625 j
992
2,068
490
670
908
i
j
j
j
2,286
2,924
588
921
1,184
761
776
827
1,166
3,947
1, 138
1,358
1,451
4,254
1,147
1, 370
1,737
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total §..
mil. of kw.-hr.__
By source:
Fuel
do
Water power.._
„
...do
By type of producer:
Privately and municipally owned electric
utilities
mil. of kw.-hr_.
Other producers
...-do
Sales to ultimate customers, totalf (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._
12, 751
11,661
12,077
12,252
8, 734
4,0.17
8, 456
3,205
8,891
3,187
9, 065
3,186
11,431
1, 320
10, 661
1,000
11, 074
1, 003
7,914 !
3,1.90 |
7,583
3, 931
i, 645
6,
:, 548
4,
11,262
990
10, 258
846
10, 557
957
10,067
2,186
98
9, 495
2,037
9, 327
1,921
93
270
856
83
1,833
4,541
183
232
520
66
1,770
4.537
174
226
538
68
758 I
1,921
4,767
208
235
584
68
10,, 277
916
|
611
155
221
482
63
7, 006
4,603
7,270
4,215
10,616
992
10, 402
1,083
7,931 | 8,482
4,159
3, 908
lj 154
11.239
1,211
"10,678 !
1,299 !
10, 099
1, 828
288
10,057
1,890
' 200
10, 937
9, 369
1,787
153
9,474
1,798
208
9, 610
1. 769
261
1, 742
4, 799
143
215
468
62
1,799
4,827
130
215
439
58
1,820
4, 908
136
212
444
61
213,096 ! 203,265 I 197,365 I 194,415 i 193.28S
S, 124
3, 853
1,915
5, 180
149
224 j
451
58 I
201,936
195,746 | 195,556
r
r
9, 401
3, 059
1,920
5, 117
165
222
442
35
204,421 j.._.
GASt
Manufactured gas:
Customers, total
thousands..
Domestic
___..do
House heating
....
..do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft..
Domestic
_._do
House heating
...do .
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol..
Domestic
„.__...
...do
House heating
.do
Industrial and commercial.
...do
Natural gas:
Customers, total
_..„thousands.Domestic...
do
Industrial and commercial
do
Sales to consumers, total
..mil. of cu. ft..
Domestic
.....do
Indl., coml., and elec. generation
do
|Revenues from sales to consumers, total
thous of dol-.l.
Dornestic
do
I.
Indl., com!., and e!ec. generation
.do
I.
10,072
9,358
257
449
32, 525
15,341
6,951
10, 050
35, 028
15, 713
8,821
10, 269
10,040
9, 328
247
456
38, 521
17, 693
10, 444
10,156
10. 071
9, 351
257
454
37, 307
17, 446
10. 071
9, 568
10,052 ,
9,334
246
460
35,873 !
17,167 |
32, 056
21, 498
3,863
6,574
33, 598
21, 625
5,136
6,703
35,968
22, 491
6, 565
6,772
35, 236
21,675 i
6.718
6,708
7, 436
6,861
573
118,250
30, 997
85, 655
7,479
6,892
584
129,923
41,519
87,106
38,771
21, 072
17,457
45, 626
26,748
18,659
10,110
9,384
266
450
7,435
6,861
572
149,148
57,402
90,392
56,879
36,003
20,638
10, 175
9,40!
1M1
45S
310
H 7M>
in,
256
461
10,119
9,383
263
460
10,134
9, 412
252
458
34,182
16, 091
8, 522 I 7, 255
9,971 | 10, 646
32, 075
15, 909
5, 584
10,414
29, 009
16,995
2,205
9, 669
10,154
9,442
242
459
20,792
10,107
1,246
9,208
33, 728
32,159
21,182
20, 906
5,795 I 4,518
6,615
6,598
31, 650
21, 943
3,102
6, 493
30, 250
22, 422
1,621
6,122
28,387 !
21, 425
985
5, 893
27, 075
20, 2<'>">
7 , 4 7 7 | 7,443
6,920
6,912
555 !
529
108,434
95,843
3 0 , 6 9 8 j 21,403
7 6 , 5 2 2 !73,187
i
59,677
50,130 j
43,311
3 6 , 7 2 2 |30,517
3 8 , 4 3 7 | 3 1 , 2 3 9 | 2 6 , 2 9 9 2 1 , 2 9 3 i 16, 372
20,938 I 18,609 | 16,890
3 5,226 i 13,957
7, 422 !
6, 896
524
93, 287
17,775
74 355 '
7,402
6,911
520
7.
)7>, .V,9
100, ISI
7, 442
6,873
567
158, 466
63,519
93,189
7,480
6,902
575
136,886
49,721
85,604
10, 025
9, 296
7,459
6,886
571
121, 805
40, 069
81,049
i
|
!
|
!
!
\
1)37
y.403
So 2
5,\) 11
111
Iji
741
{},5211
20,~)
4.\S
l)
7 S92
Hi!791
1,2.". 1
9,701
29,009
22,20 i
l! 119
0, 192
0 997
10,
9,His
2S,")
4f»'.l
30, 93!)
1/". 122
H).401
;,; 0S»)
•/>7NS
is:*
0, •".97
590
7 Oil
525
WWW
s I'M)
oi
551
SIS
22 1!»'_
109.
S."> 72'"
28,190 !
14,093 I
13,897 !
910
lis
2<l lot
:u 2(. 'i'
n,.'>N2
i;;
l.'i
220
2t >
5, 851
5, 320
9, 324
5. 074
5. 393
8,776
<• 10, 058
7, 581
r
10, 802
7, 634
S00
1,824
702
i, 441 '• 525, 395 523, 596
6, 742
4, 850
> " •
o;>o
H">. ;,'»!
Ml
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbL.
Tax-paid withdrawals
do
Stocks
.
do....
Distilled spirits:
Production...
thous. of tax gaL.
Tax-paid withdrawals
do
Imports
thous. of proof gaL.
Stocks
...thous. of tax gal..
Whisky:
Production
do
Tax-paid withdrawals
.
do
Imports
.
thous. of proof gaL.
Stocks
.thous. of tax gal..
Rectified spirits and wines, production, total
thous. of proof gal..
Whisky
do
Indicated consumption for beverage purposes:
All spirits....
thous. of proof gaL.
Whisky
do
Still wines:
Production
.thous. of wine gaL.
Tax-paid withdrawals.....
do
Imports...
--...
do
Stocks
,
do
Sparkling wines:
Production
„
do.,..
Tax-paid withdrawals
do
Imports
do
Stocks...
.
....
do....
3, 396
3,705
7, 325
17, 567
13,173
1,240
518,358
11,761
10, 529
1,090
475, 011
6,749
5,856
21, 837
15, 231
' 3, 093 ;
r
3, S27 i
3,012
r
3. Tss
r
b!oi)O | 'K,}/J.\ j
-•9,509 ! r 9 f o i 9
r 15,021 M i . r>M) • 12,9,V) - 12, 12." | r i;5, 2.12 ; »
T
13,471 j r 9, :-N) • • 0, .')! 1 7 . 9 2 S ' r >S) ;v.)s
1.501 '
5Oo!sS5 'r
j
M),01K I
7 is i
02:') \
51 I, 190 '' 517
' 0, ." 7S - in..-.sH
' d, li»l
' 7. U
r 10, Wit) I
912 •
1,29s
405,931 '•105,025 .
I
4,002 j
6,341
3,249 |
5,532
r
16,252
' 14, 494
r
r
173, 2 >
2,679 !
2,078 I
12, 309 j •8,402 '
10,849 | • 7, 230
216
35,895
8,624
379
142, 721
8,134
9,109
424
133, 916
2,773
5,912
304
127, 936
36
36
56
80
576
48
101
130
511
31
25
34
512
3.402
2,839 I
5,597
1, "s7
r 13,920
* 11,492
T 5 ; S27
7, S;;J
480,599
3,480 ! 3,721
2,669 | 2,764
46 I
17 I
20 |
532 |
45
18
26
556
90
24
39
619
0,702 I 10,303
6,354 ! 8,982
001 I
930
476,980 470,298
477, 484
5, 239
4,218
4.392
3,446
2. 389
1, 630
10,142
6,413
5, 003
10, 350
9, 000
14, 525
13, 074
22,108
4, 730
100,105
6, 435
130
132,148
105, 047
8, 781
251
170,183
50
54
84
54
643
8,348
83
34
101
660
28
18
29
669
3, 252
3,617
10,701
21,487
8,170 I 11,494
770 ! 1,084
519,017 j 518,038
589
479,189
5, 200
5, 475
2,064 |
1,885
1,828
1,712 i
2,019
3, 303
6,393
6,069
6, 230
5,775 | 10, 425
3,385
233 !
252
247
306
665
196
121,877 j 116, 323 ! 110, 695 J 105, 337 ! 93, 254 91,237
!
|
|
|
521, 601
3,915
4,194
7, 840
8,187
* 8,331
1,570
'480,938
9,889 | ' 10.514 | r io, ISO r 9, 720 r 14,091
8,903 j r 8, 003 I r 8, 130 '8,221 ' 12, 037
18
14
24
506
504
4, 001
4, 300
8,314
413
102
93, 909
34
20
18
680
4,182 i
3, 501
078
6,114
5, 350
»• R e v i s e d .
t Revised series. Data on manufactured gas revised beginning January 1938 and natural gas beginning January 1937; see tables 24 and 25, pp. 16 and 17, of the May 1940
Survey. Electric power sales and revenues from sales will be revised beginning 1937. At present, revised data comparable with the 1940 figures shown above are avail able
only for January to September 1939.
§For monthly data beginning January 1920 corresponding to averages shown on p. 97 of the 1940 Supplement, see table 58, pp. 17 and 18 of the December 1940 Survey,
42
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1939
1940
Novem- Novem-1 December
ber
I ber
January
FOODSTUFFS AND
DAIRY P R O D U C T S
January 1941
February
March
April
June
May
July
August
September
October
TOBACCO—Continued
j
Butter:
151,291
152,150 i 138,005 • 146,000 \ 147,068
149,105
Consumption, apparent!
thous. of lb...j 152,845
172, 643 148, 049 140 735 152,698 I 150,335
158, 068
.32 I
.30
.30
.30 i
.29
Price, wholesale, 92-score (N. Y.) dol. per lb._ j
. 33
.28
.28 I
.29
. 27
.27
. 30
117,015
126,040 I 125,265 | 136,625 147,745 j 188,645 203, 800 183, 545 163,715 | 144.205 135, 435
111,055
Production, creamery (factory)t thous. of 11> | 115,720
45, 775
53,743 ! 51,276 | 54, 690
45,197
Receipts, 5 markets
do
j 45,580
62,187
68, 405
58,512 | 55,754
53, 377
77, 919
73, 449
Stocks, cold storage, creamery, end of month ;
19,783 I 55,462 j 29,189
thous. of l b . . | 67,703
9,504
18,366 I 8,875
25, 463
105 ,106
81, 005 123, 628 134,266 I 128.087
Cheese:
I
50, 284
58,376 ! 57,421 i 63,909
61,752
Consumption, apparent!
do
j 57,929 ' 52. 531
82, 020
68, 673
63, 459
05. 700
67. 819
60, 608
6,344
3,478
3,339 I 2,959 I 3,698
Imports
do
! 2, 261
4,073 | 4,072
3,363
1,534
1,780
1,377
2, (J9vi
Price, wholesale, No. 1 Amer. (N. Y.)
j
.18
.16
dol. per l b - J
. 18
.18 j
.18 I
.15 i
.15
.16
. 17
. 17
.17
.17
Production, total (factory)f
thous. of lb.J, 48,600 ' 43,794 ! 40,660
43,000 : 53,000 l 61,600 ! 86,800
92,400 i 82,700
64, 800
72, 400
60, 300
41,200 I 32,780 i 39,585 I 47,620 !
31,442 I 30, 559
American whole milkt
do
j 35,520
67, 780
74,090 ! 67, 485
50, 975
57, 635
46. 050
30,440
I
9,981
10,614 i
10,866 I 11,527 I 11,737 ! 12, 507
Receipts, 5 markets
do
j 14,648
15,003 i 15,276
13, 272
14,786
17. 501
13,261
82,664 | 74,937 ; 78,706 i 87,555 114.362 l 138,049 148,173
Stocks, cold storage, end of month
do
! 136, 565 112,217 ! 108,241
149.309
143.633
94,295 i 66,584
61,510 ! 65,175 | 73, 056
90,219 i 86,805
American whole milk
do
j 118, 511
96,143 ! 115,992 I 125,300
,953
123
75,181 I
Condensed and evaporated milk:
j
I
Exports:
'
154
494
4,347
145
121
361
Condensed (sweetened)
do
353
442
1.194
3, 368
3, 402
4,589 I
5. 387
2,809
0. 034
2,615 ;
2, 501
2,284
Evaporated (unsweetened)
do
1,876
3, 636
4, 550
4." 572
3,878
15,068 | 52,964 | 16,017
Prices, wholesale (N. Y.):
5.00
5.00
5.00
5.00
5.00
5.00
Condensed (sweetened)
dol. per case-.
5.00
5.00
5.00 i 5.00 ! 5. 00
3. 10 :
3.10
3.10
3. 10
3.05
Evaporated (unsweetened)
do
3.10
3.06
3.00
3. 10 I
3. 10
3.10 |
Production, case goods:f
I
2,817 i 3,370 ! 3,504
3,169
4,906
6,157
Condensed (sweetened)
thous. of l b - .
2, 365
7, 841
6,736 I 6,088 l 6,610
139* 7o9 158,656 ! 170,397 j 203,619 225,077 281,960 j 291,203 260,722 231, 572 195,044 172.036
Evaporated (unsweetened)
do
133, 590
123,094
Stocks, manufacturers', case goods, end of i
month:
|
4,702
5, 627
4, 579
3,938 i 4,014
Condensed (sweetened)
thous. of l b . . j
s, 513
5, 990
6,815
10,221
10,454
9,728
9, 5S()
Evaporated (unsweetened)
do
! 226, 260 188, 290 186,081 156, 253 150, 458 173,378 207,740 287, 778 288,565 321. 332 I 349,433 380,545
Fluid milk:
j
5,337
4.988
5, 696
5,074
5. 244
5,761
4,691
Consumption in oleomargarine
do
i
5, 545
3,811
4. 264
4,179
5. 545
2.25
2. 25
2.22
2.25
2.23
Price, dealers', standard grade.dol. per 100 lt>__ j
2. 21
2.18
2. 18
2. 20
2. 18
2.18
Production (Minneapolis and St. Paul)
j
28,215 ; 33,548 : 37,624 ; 38,441 \ 42,638
41,113 [ 45,110 j 43,470 j 34,931 : 29,883 j 127.18s
thous. of l b . J
Receipts:
i
18,789
19,722
20,309 i 19.601 j 20,992
19,452
18,509
Boston
thous. of qt I 20, 397
20,370 j 21,505
21,381 I 20,344 ! 20.928
121,848 123,192 121,550 116,518 122,685 ! 120,993 j 128,218 126,476 ; 126,158 123,500 ! 126.576
Greater New York
do
I
126,611
Powdered milk:
j
4, 390
492 I
458 :
640 •
544
573
Exports
thous. of lb__!
815 :
1, 003 :
1, 048 !
1, 213 i
1, 461 i
796 :
1, 966
25, 15S
24,544
27,870 ! 27,40o j 34,052 ! 37. 507 | 43, 852 !
646 | 35, 859 | 30, 291 ! 25 535
913
Production
do
j 22 352
7, 54S
11,044
17.946 i 24,086 i 29,281
33,
35, 843 i 40, 412 | 42, 805 ' 46, 624 ! 4o! 252 r 41, 032
Stocks, mfrs., end of mo.
do____ | 35, 998
.18 I
F R U I T S AND V E G E T A B L E S
j
Apples:
I
i 143,085 i
Production (crop estimate)
thous of bu \ 15,451)
Shipments, carlot
no. of carloads . | 5. 901)
8,103
5,079 |
Stocks, cold storage, end of month
|
|
thous. of bu I 33, 993
30, 988
26,198 !
Citrus fruits, carlot shipments, .no. of carloads .! 13,419
13, 806
17,540 j
J, 753
Onions, carlot shipments
do
I
2. 016
1,631 ;
Potatoes, white:
j
1.850 l
1.805
Price, wholesale (N. Y.)
dol. per 100 l b . J
1. 350
;i
363.159 I
Production (crop estimate)
thous. of bu_J 397,722
12,
141 :
Shipments, carlot
no. of carloads-J 12,508 ~i2~56fi'
G R A I N S AND G R A I N P R O D U C T S
14, 493
14, 334
1,814
1.925
1.875
4,639 ;
3,502
1, 614
577
8,638 ; 3,606 i 1,135 i
0I
14.960 ! 15,511 ! 13,346 i 12,320 !
2,224 ; 1.611 ! 2,432 ! 2,636 !
1.981
2. 095
18,615
" 17, 979
"24," 792"
8, 374
8. 332
10,20-1
9,324
399
218
. 58
. 52
.\'1 274,767
6,732 i
7,307
20,106 i 18,614
.60
.55
7,161
17, 333
5, 645
16,079
5,059
13, 943
5. 910
10, 883
1. 266
6, 925
5, 324
6, 38G
5,274
7,248
5,796
7,076
1,867
6,874
1,467
7,012
.50
.60
.56
.62
.59
.67
~18~79S~
2.194
2.131
~21,~879
~22~i80"
573
721
0 S
0
10, 052 ! 10, 150
1, 032 j 1, 195
1.770 I 1.581
14,417 ;
8. 890
7,854 !
2, 307
r
31, 364
11, 664
2. 938
1. 675
1. 445
12,492
17, 917
j
Exports, principal grains, incl. flour and meal |
r
thous. of b u . J
>, 2iii
Barley:
j
Exports, including malt
do
j
io»
Prices, wholesale (Minneapolis):
j
No. 2, malting
„
____doL per bu...;
. 52
No. 3, straight
do
i
. 50
Production (crop estimate)
thous. of bu..j's309, 235
Receipts, principal markets
do
j 7, 117
Stocks, commercial, end of mo
do
j 9, 682
Corn:
950
Exports, including m e a l . . . .
___do
1
Grindings
do
5, 976
Prices, wholesale:
No. 3, yellow (Chicago)t.
dol. per b u . .
No. 3, white (Chicago)
do
Weighted average, 5 markets, all grades
, 63
dol. per bu...
Production (crop estimate)
.thous. of bu_. ,449.200
21.608
Receipts, principal markets
do
12,, 190
Shipments,
principal
markets
do
Sp,
pp
S t o c k s , c o m m e r c i a l , e n d of m o
do
i 65,489
Oats:
!
Exports, including oatmeal
do
j
87
Price, wholesale, N o . 3, w h i t e (Chicago)
;
dol. per bu... •
. 38
Production (crop estimate)
t h o u s . o f b u _ _ U,235.628
Receipts, principal markets
do
|4 , 0 3 1
S t o c k s , c o m m e r c i a l , e n d of m o
do
\
6,688
Rice:
i
Exports
p o c k e t s ( l O O I b . ) - J 347,580
Imports
do
j 23, 075
Price, wholesale, head, clean ( N e w Orleans) |
dol. p e r l b . . | .034
Production (crop estimate)
t h o u s . o f b u - J 3 52. 751
r
4,933 I 4,912
20, 306
18, 850
2,453
153
. 54
.49
.57 !
.59
2,602,133 i
26,723 ; 21,923 i 12,611
;, 125
15,893 !
9,469
42, 307
38,202 ', 45,851
.51 !
2
358 I
:
229 !
. 57
.54
5, 636
3,825 !
!
6,289 i
185
130
.58
.56
.57
.55
.51
.46
5,997 i
8,809 I
1,261
7,607
.58 I
.66
.58
.66
.63
. 74
.58 I
.53 '
.64
3,847 i
6,956 i
2,870
5,598
14, 155
10,254
4,139 !
6,390 I
6,701
5.940
.68
.66 I
154
228 !
57
83
105
.43 ;
.43
.41
.35
3,026
4, 619
1,912
3,130
316,774
89, 9 2 6 ! 1 0 7 , 1 7 9 247,142
5 8 , 3 0 5 ; 3 2 , 1 2 7 ! 19,072 '; 23,636
.038
- 53,722
.039
.039
6, 628
11. 371
2, 372
ti! 674
5, 512
! 7, 110
19, 231 I 28. «92
12,385 ! 12,617
28, 119 i 41.181
:
:
37, 609
18.660
59,314
69 ;
59
74
.30 I
.31
. 34
4,327 I 13,287 j
2,769 ! 8,395 i
7, 075
9. 141
4, 23S
7, 093
292,278 287,517 ! 289,562 294,632 ! 246,135 ! 190,209 • 247,49s
40,905 i 27,572 j 59,860 \ 43,357 \ 22,711 i 52,240 ' 18,406
245,881
21, 221
4, 751
7, 539
:
8. 406
11.074
.65
13,126 ! 11,996 ! 11,690 j 13,116 I 23,411 i 22,464
7, 777 I 5,955 !
9, 633 j 17, 316 ! 14, 339 i 15,126
40, 57a ! 39, 704 ' 34, 142 j 24, 016 ! 25, 419 ! 25, 354
4. 926
7: 867
3,357 !
6,324
. 18
. 45
.66 I
.77 I
.43
.037
228
.45
.41
72
81
6, 630
.46
.45
.42
.41 1
.-' 9 3 5 , 9 4 2 ,
5,632 ! 4.756 j
4,327
13.199 I 12.054 I
8,979
117
.39
10,673
206
.039
4,178 I
6,204 j
.038
.03S
.039
.32
.039 :
. 040
R e v i s e d . J P r o d u c t i o n i n c o m m e r c i a l areas; n o t c o m p a r a b l e w i t h earlier e s t i m a t e s of total c r o p o r c o m m e r c i a l c r o p .
3
}
s
Revised estimate.
D e c e m b e r 1estimate.
F o r d o m e s t i c c o n s u m p t i o n only, excluding grinding5: forexport.
N o quotation.
i F o r m o n t l i l \ d a t a b e g i n n i n g 1 9 1 3 , < o r r e ^ p o n d u u 1 " l o m o n ! h l > : u e i ; u r < ^ ^ h o u n o n p 105 ->: t h e l v in ^ u p j i l ' M i i e n l . ^ee 1 ' i b l o 2 9 . p . 1-s. o | I h e Y p n l l'» 10 S u r v e y .
W
i P r o d u c t i n n a n ! c o n s u m p t i o n o f b i t t i - r a n i e h e e ^ - <in 1 !>i x l ' i c t : o n o i e o n l e r ^ e 1 - i n . l c \ m o r a l ( 1 n n K c r e \ IM><J l o r 1 •) ;<»; r e \ I M 1 d a ' a p o t ^ h o w n ; i b o \ o a r e ; H f o l l o w ^ ( t h o u s a n d ^ <•(" p o u n d . - 1 ! B u i T e r e o u M n n p i i o n
' a n . . 1 V>,65s; F e b . , I ! l . 7 i . s ; M a r . , 15i.0<>2: \ p r . , 153, <••.-,; M i \ , M , 2 3 i : J I P I V , i . V j . v H ; . I n l y , ' ! ( ' • , P ( ) ; \u» . r > 7 , 1 2 3 : S e n t . . 17). 3 1 7 : ( ) , • ! . ,
1 1 S . 2 7 S . H u t i i T p r o ( h u C o n - . ! ; - u . . i J 9 . 2 t ' 5 ; F t 1>.. 1 2 3 , > 0 : M a r . , M l , O f 5; \ t > r , I ! 5 > 2 " ; M a y . i 9 t . 7 s ' i ; . M I L - . 2 o ' ) , ! 2 5 ; l u l ; . , ' VJ.M.V,. \ u » . Mi',.1.7-)- ^. m . , 132.26't; O e t , 1 2 1 , 9 2 ) . C l i e e M '
c o n s u m p t i o n - . I a n . , 5-».9s3: F< K . o : ) . ! } 9 ; M a r . , 6 5 . 1 9 5 . \ p r . . 6 7 . < J 2 1 ; A l a \ . M>.I).V,: J u n e 72.V,,',5. I n l > . * •' ».-#*'.": \\VJ , • 4 . ' . ' t ( ) . * v i > { . . 7 2 , ' > M ; O e l . , 6 6 , c i . T o t a l p r o d u e i i o u o f e h c e s e
J a n . , n.:{s."): F e b . . i n . s s i J : M a r . , .7).f. 12. \ p r . , 5 7 ^ ! 1 AT w. 7 9 , 7 1 7 : . l u n c .-s.->\~>: J u l v . 7»».f»'»l>: V : i : . . »i ( '."i.): Se»>t., >,."i, 1; (>c\., 5 3 , l t , 5 . A T n r r i c - m C I U V M ' p r o d u c t i o n - . f a n . , 2 ( ) , 3 h l ;
F e b , 2s,C»»«); A t <r.. 3 t . . 0 s 5 : \ p r . . ^: > ..32^: M . i v , (',1.711: .1 u r i f . 7 n , 2 5 l : J i ; [ \ , ';i,3 ( .'ii; A u ' _ . . 5 1 . H 7 . < c p i . 15.71M; O c i . , 1 0 J M s .
C o n d e n s e d m i l k p r o d u c t i o n . I n n . , 3 , 1 2 s : F e b . , 3.<!55;
A l a r . , 3 0 7 t , A p r . , 3 . 2 ( N ; M a \ . 2,s".<); J u n e , 2,7!K); . F u h , 2 ^ ( l 5 ; V u u , 2.1."."; ^ c p t . . 1.37 1 '; O e t . . 3 . I s ? . K \ i ! » o r a t e ' i n i ' I k n r o d u e h o ' j
l i ' i , M l 3 2 !; F e b , 1 3 9 . 7 1 7 ; M a r . 1 7 9 , s 4 8 :
\ j ) i \ , 2 0 3 ^ r - 7 ; A l a \ , 2 6 3 , 2 1 5 . I c n c , 2 6 , s ^ K ) ; J u h . 22'',60l); \ I J - J , 190,902; < c p i , 15^,271; ( i d . , ! 11.".,-,
FRASER
2
Digitized for
43
SURVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- December
ber
ber
1940 Supplement to the Survey
1940
January
February
March
April
May
June
August
July
September October
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS-Con.j
Rice—Continued.
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
thous. of bbl. (162 lb.)-2,379
Shipments from mills, milled rice
thous. of pockets (100 lb.) .
1, 413
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
thous. of pockets (100 lb.).
California:
Receipts, domestic, rough..,.bags (100 lb.)
203, 870
Shipment from mills, milled rice
do
157,817
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo.._bags (100 lb.) jl-29, 1 29
Rye:
!
Exports, including flour
....thous. of bu | (')
Price, wholesale, No. 2 (Mpls.)__dol. per bu- I 3 . 50
Production (crop estimate)
thous. of bu I 40, 601
Receipts, principal markets
do
1, 078
Stocks, commercial, end of mo
do
j 7, 658
Wheat:
|
Disappearance
do..Exports:
4, 069
Wheat, including flour
do...
549
Wheat only
do__Prices, wholesale:
No. 1, Dark Northern Spring
, 8*)
(Minneapolis)
dol. per bu.
. 92
No. 2, Red Winter (St. Louis)
do...
. 85
No. 2, Hard Winter (K. C.)
do..
. 87
Weighted av., 6 markets, all grades._do
Production (crop est.), total
thous. of bu~ •1 Slfi, 098
Spring wheat
do__. 3 227, 547
Winter wheat
do. _ 589,151
10, 210
Shipments, principal markets
do..^
Stocks, end of month:
415,340
Canada (Canadian wheat)
do..
United States, total
do..
Commercial
d o . . . 106, 587
Country mills and elevators
do..
Merchant mills
do...
On farms
.do...
Wheat flour:
Disappearance (Russell-Pearsall)
thous. of bbL
Exports
do.._
749
Grindings of wheat
thous. of bu
39,707
Prices, wholesale:
4.06
Standard patents (Mpls.)
dol. per bbl
Winter, straight (Kansas City)
.do..
4.24
Production:
Flour, actual (Census)
thous. of bbl .
8. 737
Operations, percent of capacity
59. 1
Flour (Russell-Pearsall)..
thous. of bbl
10,713
Offal (Census)
thous. of lb
687, 760
Stocks, total, end of month (Russell-Pearsall)
thous. of bbl
Held by mills (Census)
do..
1,375
679
1,083
857
1,129
982
967
1,108
1,041
919
844
366
283
280
970
2, 890
1,135
954
748
772
019
1, 558
3,410
3,282
3,079
3,017
2,890
2,632
2,084
1,647
1, 170
1, 183
2, 667
167,793
65, 521
89, 892
68, 417
97, 273
140,976
154,940
91, 480
293, 569
97, 009
328, 769
141, 744
387, 539
167, 697
231, 879
196, 394
319,168
148, 390
473 827
160 879
488 847
370 380
370,624
120,523
574, 503
545, 331
458, 505
437, 830
445, 605
455,143
455, 525
358, 843
367, 777
473 481
400 797
491, 970
0
.51
85
.67
2 39, 049
2,070
10, 540
88
.70
79
.67
272
.67
90
.70
112
.59
4
.45
1
.44
1,768
10, 212
1,455
10,120
1,478
10,138
1,448
10, 048
1,324
9,912
695
9,506
687
9,037
1,732
9,142
1,295
9,954
178, 935
176, 936
0)
.41
2,485
597
2,650
608
3,816
1,430
6,728
3, 704
3,837
1, 833
2, 239
227
1,835
632
3,686
1,876
2, 970
931
.91
.92
1.03
1.04
1.05
1.05
1.01
1.02
1.04
1.06
.99
1.01
1.04
1.06
1,02
1.01
1.08
1.11
1.06
1.06
1.01
1.04
.95
.97
.87
.76
.78
.76
.71
. 72
. 09
.73
14, 936
569,741
13, 086
1,520 i
8, 520 !
1,407
8, 112
208, 213
153, 880
4,173
1,452
1.00
751,435
239
. 44
3.041
8,834
7,403
8, 659
9,459
18, 525
12, 780
29, 319
21, 412
855
904
842
846
231
985
301, 434
292, 090
280, 625
258, 939
272, 360
110, 761
105, 595
97, 670
257,131
297, 542
7, 327
33,730
90, 964
85, 521
255,175
119, 001
288, 391
437, 968
105, 401
80, 817
94, 266
157, 484
160,150
180,7)52"
7,944
579
37, 770
6,074
402
36,848
9, 284
434
39,323
8, 233
508
36,400
8,338
643
37, 812
8,227
427
37, 632
5,778
428
38, 694
5,756
256
35,079
9, 443
385
38, 921
8, 902
435
40,474
9. 377
{37
9. 1 17
60S
15,319
5.70
4.28
6.17
5.01
6.02
4.80
5.66
4.73
5.70
4.79
5.77
4.86
5.32
4.55
4.64
4.19
4.48
3.84
4.17
3.71
4. 34
3. 88
4. 02
4.01
56.3
8,929
655,454
8,119
55.0
8, 523
635,415
8,649
56.3
9,243
682,637
8,025
56.4
8,441
630,066
8,320
54.1
8,581
657,156
8, 269
53.7
8, 454
656, 277
8, 514
55.2
9, 603
673, 073
7,682
51.7
7,872
614, 992
8,504
55.1
9, 528
681, 823
8,881 i 9,288
55.6 ! 65.5
10,204
9,587
705,137 735, ,141
9, 900
62. 0
9, 535
785, 828
5,625
6, 475
5,165
6,000
5,700
5,300
3,998
5,100
5,350
5, 500
4,193
5,200
5,450
5,1)00
1,001
1,912
316, 296
141,986
310,
614,
132,
128,
114,
238,
17.925
1, 131
1,2915
M«>, 207
!M). 521
l\s, lils
i;;;-;, 319
359,710
15,2M
109, 350
170.390
5, 750
LIVESTOCK
C a t t l e a n d calves:
Receipts, principal m a r k e t s , thous. of a n i m a l s .
Disposition:
Local slaughter
do
S h i p m e n t s , total
„
.do
Stocker and feeder
do
Prices, wholesale (Chicago):
Beef steers
dol. per 100 lb
Steers, corn fed
do
Calves, vealers
do
Hogs:
Receipts, principal m a r k e t s , thous. of a n i m a l s .
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder..
do
Prices:
Wholesale, heavy (Chi.)
dol. per 100 lb.
Hog-corn ratio
b u . of corn per cwt. of live hogs .
Sheep and l a m b s :
Receipts, principal m a r k e t s . t h o u s . of animals.
Disposition:
Local s l a u g h t e r . .
__
.do
Shipments, total
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Ewes...
.dol. per 100 l b .
Lambs
do...
r Revised.
i Less t h a n 500 bushels.
1
Revised estimate.
8
December 1 estimate.
1,404
1,565
1,247
I, 359
1,554
1,576
1,462
1,737
1,785
2, 175 |
970
960
549
833
572
273
997
548
200
810
433
163
825
516
215
974
568
244
936
631
263
594
216
991
723
307
939
833
401
1,033 I
1,083 |
503
1, 110
1,324
808
9.63
9.86
9.75
10.00
9.66
9.46
10.44
11.50
10.53
10.47
9.31
II. 34
10.69
9.46
11.22
9.93
9.83
10.89
11.31
9.69
10.33
9.59
10.44
11.02
11.00
11.33
10.41
11.50
11.47
11.53
12.09
10.97
2,849
3,331
3,772
2,922
2,710
2,595
2,674
2, 650
!, 177
r 668
40
2,482
849
46
2,753
1,007
47
2,074
841
43
1, 964
749
49
1,868
713
43
2,005
666
48
1,927
718
33
5.95
5.15
4.93
4.94
5.46
5.66
12.5
10.0
9.1
8.7
8.4
8.4
1, 924
1,514
1,728
1,424
1,440
1,876
908
883
320
'985
r 900
429
671
141
1,071
653
119
863
559
84
824
620
4. 03
8.88
4.39
8.84
4.33
8.38
4.60
8.60
5.09
8.60
5.53
9.64
1, 808
r
977
892
49(5
r
12. 06
12. 21
10. 50
3, 595
9. 9
r
9.85
2,259
2,177
1,598
649
1,497
677
37
1.092
001
3f> |
2,371
730
42
5.04
33
6.23
0.59 j
6.41
7.6
5.99
9.2
2,002
1,687
9.2
9.9 |
|
2, 068
1,046
828
156
1,077
917
169
915
779
132
1,894
921
214
1,188
383
954 |
1,530 i
010 I
1,085
1,609
890
5.10
9.67
4.16
9.63
3.84
10.16
3.45
9.14
3.50
8.75
3.83 |
8.54 I
4.01
9.8
2, 737
8.88
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March | April | May
June
July
(O ctober
FOODSTUFFS AND TOBACCO—Continued
MEATS
Total meats:
Consumption, apparent
.
mil. of 1b... 1,298
Exports
do
Production (inspected slaughter)
do
1,442
Stocks, cold storage, end of month.
do
783
Miscellaneous meats
do....
Beef and veal:
Consumption, apparent
...thous. of lb__ 463, ICO
1, 009
Exports......do
Price, wholesale, beef, fresh, native steers
. 190
(Chicago)
-_-dol. per lb_.
Production (inspected slaughter)-thous, of lb.. 483,045
Stocks, beef, cold storage, end of mo do
71,703
Lamb and mutton:
Consumption, apparent
do
58,573
Production (inspected slaughter).do
59, 332
Stocks, cold storage, end of month.
do ! 4, 559
Pork (including lard):
j
Consumption, apparent.
-do
770, 909
13, 555
Exports, total
do
Lard
do
10, 228
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb_.
, 183
Lard, in tierces:
. 053
Prime, contract (N. Y.)
do
Refined (Chicago)._
..do
. 069
Production (inspected slaughter), total
thous. of lh_. 899,321
Lardf
do....' 129, 549
Stocks, cold storage, end of month
do
(i42, 131
Fresh and cured.
.do
405, 82(5
Lard§
...do..— 23(3. 305
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of 1b... 89, 802
Stocks, cold storage, end of month.
do
J 59, 050
Eggs:
Receipts, 5 markets
. . . . .thous. of cases..
Stocks, cold storage, end of month:
Shell
thous. of cases..
Frozen
thous. of lb_.
TROPICAL PRODUCTS
Cocoa:
Imports
long tons.. 30, 082
. 0489
Price, spot, Accra (N. Y.)
__dol. per lb__
Coffee:
Clearances from Brazil, total..thous. of bags.. 1,094
89;1
To United States
do
Imports into United States
do
1, 380
Price, wholesale, Rio No. 7 (N. Y.)
052
dol. per Ib..
Receipts at ports, Brazil
thous. of bags,Visible supply, total, excluding interior of
Brazil
.
.
thous. of bags.United States.
.
do
Sugar:
Raw sugar:
Cuban stocks, end of month
thous. of Spanish tons..
United States:
Meltings, 8 ports
long tons.. 350,401
Price, wholesale, 90° centrifugal (N. Y.)
. 029
dol. per lb._
Receipts: From Hawaii and Puerto Rico
long tons.. 77, 458
175,548
Imports, totalt
do
91,442
From Cubat
„
do
79, 097
From Philippine Islands?
do
Stocks at refineries, end of month..do.... 295, 001
Refined sugar (United States):
Exports
do..— G, 305
.050
Price, retail, gran. (N. Y.)
dol. per lb_.
. 043
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii and Puerto Rico long tons.. 1, 654
.10. 070
Imports, total I
_..do
6, 155
From Cubat
do
1,362
From Philippine Islands*
do
Tea, imports..
.
.-thous. of 1b j 9, 304
MISCELLANEOUS FOOD PRODUCTS I
Candy, sales by manufacturers..thous. of dol.J 24,159
Fish:
Landings, fresh fish, prin. ports..thous. of lb._ 36, 070
Salmon, canned, shipments
cases..
Stocks, cold storage, total, 15th of month
thous. of lb._
Gelatin, edible:
Monthly report for 7 companies:
Production
do
Shipments
.
.......do
Stocks
...do
Quarterly report for 11 companies:
Production
do
Stocks
1,157
37
1,285
562
69
1,156
42
1,410
808
95
1, 273
64
1,482
977
104
1,054
61
1,214
1,093
107
1,132
457, 231
1,269
438,167
1,531
481,410
1,325
424, 174
.150
472, 202
67, 672
.166
445, 234
76,974
.162
475, 578
78,573
58, 391
59,088
4,187
56, 791
57. 555
4,803
641,833
33,008
25, 706
660,957
36.368
18,917
101
1,167
28
1,133
1,031
87
1,200
21
1,200
1,010
77
1,144
19
1,177
1, 034
79
1,152
35
1,122
974
77
425, 409
1,325
467, 486
1,491
484,143
1,366
411,163
1,323
479, 493
1,076
415] 207
74,708
.159
419,498
72, 560
.166
453,508
62,020
.170
467,179
53,193
.176
. 165
429, 851 471, 496
42, 004
45, 972
67, 388
67,132
4,412
56, 124
56,281
4,488
54.871
54,677
4,257
57, 305
56, 657
3, 580
56, 647
56, 567
3,463
52. 427
52, 245
3, 254
54, 886
55, 019
3,342
723, 992
56,576
27,988
573, 248
651, 336
25.356
20, 654
642, 696
23,806
18,849
659, 459
18, 664
14, 8S9
650,297
15, 826
12, 697
617,900
31, 472
28, 239
173
.168
.168
.171
. 173
.175
. 178 !
.183
. 183
.066
.073
067
072
.063
.070
.066
.072
.060
.070
. 060
.065
.064
.069
.055
.066
. 055
.071
.052
.068
622,544
113,315
878,008
611,956
266,052
675, 942
121, 956
876, 512
592, 575
283, 937
694, 535
121,511
905, 206
598,522
306," 774
595, 749
103,983
851, 896
548,688
303, 208
541,180
90, 525
689, 854
417.564
272, 290
19,889
86, 226
26,042
76, 904
28, 212
82, 336
26, 892
82,415
32. 987
82,178
1,767
150
52,815
25,133
30
1,165
1,100
.185
.176
.067
.078
.070
.077
753,588
128,419
421,227
332, 272
88,955
906,801
172,131
631,564
469.459
162,105
939,102
, . .
690,346
178,395 j 140,979 j 130,199
7
90, 776 907, 293 921,510
iSS. 601 650, 653 652,733
202,175 256,640 268, 777
81,135
127, 649
77. 806
167, 643
32, 937
166,962
22,671
144,759
22,054
115,442
1,228
17
1, 068
796
67
480,723 456.800
1,280
1, 403
.183
469, 808
35, 663
r 1, 365
17
1, 349
1,167
16
1,051
' 602
58
'524, 736
1, 508
.192
.186
453,073 532.165
36, 303 ' 48, 245
57. 579 I T 57, 84S
57,457 I 57.921
3, 192
689, 594
14,158
10,181
651.872
13.854
r
69.164
09, 618
"3,817
r
771. 486
14,033
10, 19S
540.480 747, 045
84,310 114,789
504, 904 •526,878
329,214 •303,712
235, 690 •223,166
44,248
114,257
34.087
90,842
608
803
954
2, 238
2, 369
1,682
1, 274
943
1, 580
87,802
532
72, 279
57
56, 249
81
38,070
854
44,199
3,341
79,454
5,980
123, 793
7, 513
150,366
7, 784
154.947
7. 241
145, 653
6, 040
130, 787
28.366
.0517
17.032
.0588
22,951
.0561
SO,917
.0538
14, 865
. 0556
11,886
. 0600
20,119
. 0553
22, 288
. 0495
41,185
. 0466
35, 396
. 0426
24. 935
. 0451
1, 596
862
1,580
990
485
1,511
1,156
573
1,225
1.384
668
1, 228
1,162
717
1,443
926
539
1,274
1, 342
944
1, 339
703
571
1, 220
733
606
1,393
847
650
1,148
804
708
994
1. 050
912
1,247
.054
1,712
.052
1, 265
.055
949
. 056
1, 319
.056
963
.055
777
,053
760
. 053
972
.053
800
.051
567
.051
549
1,414
8,163
930
8, 059
1,213
7,662
994
7, 644
944
7, 251
1,053
6,740
895
6, 029
1,018
(!)
997
0)
1,017 j 1,734
804
624
526
1,183
2, 226
2, 501
2, 260
2, 021
247, 328
244,604
276, 474
289,291
333,186
339, 755
351, 629
336, 579
.030
.030
.029
.029
.028
.028
122, 525
65,147
29, 511
29,104
365, 491
91,612
232, 646
204, 824
13, 397
378, 089
29, 892
150,259
121, 883
34, 055
413, 074
117,576
208, 959
121, 604
71,107
445, 039
129,878
211,027
157, 045
49, 971
501, 547
156,155
207, 784
143, 329
60, 535
500, 912
13,469
. 056
.048
17,627
.054
.046
14, 213
.052
.045
13, 631
. 051
.044
15,132
.051
.044
19, 001
.051
.044
1,284
18, 588
13,948
4,153
9, 953
8,499
63, 229
62,175
915
11, 954
15,418
25,790 j
13,968
24,452
IS' 072 I 22' 275
893 i 2,176
11,927 i 8, 863
28,710
35, 073
31, 278
3, 794
8,056
26, 245
53, 878
45, 689
8,178
8, 630
24, 966
20, 297
18,612
18,216 I 16,212
28,380 ! 25,298 ! 20,344
399,199 198,816 | 603,249
33,756
35,848
237, 735
32,049 j 26,166
190, 787 j 346,185
84,571 ! 92,431
1,558 |
1,194 !
5,335 j
19,338
78,563 | 62,622
1,811 I 1,976 i
1,531 | 1,559 i
5,616 ! 6,033 !
1,924
1,571
6,385
45,592 | 34,835
1,949 ;
1,618 I
6,716 !
2,029 i
1,737 i
7,009
.028
148,
222,
129,
93,
557,
r
r
.027
1, 044
997
308, ;i!6
303,215
.027
. 028
983 125,256
490 143,034
90,986
623
52,041
852
426 412, 105
127, 822
145, 042
73, 155
71.8S4
315,501
7, 420
. 050
.043
3. 995
. 050
.043
271 1 1.109
43, 668
35. 298
37, 562
29, 711
0,023 I 5.571
7,176 ! 7.783
25, 983
24, «»94
9f>0
9, 030
12, 820
15,679
24, 111
55,715
375,008
51. 461
880,148
.027
100,932
221, 696
155,545
66,14u
487, 637
18, 392
.050
.044
38, 636
. 050
. 044
2,034
.050
. 044
29,115
45, 750
38, 471
7,261
4,921
1 p f r rj
37' 488
35, 273
2,187
6,510
3, 991
40,129
32, 048
8, 006
7. 316
15,953
12, 268
26,603
86, 061
35, 583
2Q4, 827
45, 473
62,062
1,587
1,622 I
6,950 !
30, 053
. 0452
1. 4 73
380, 198 318, 357
64, 831
r
232, 048
148, 833
79, 824
557, 564
1,711
6,985
4,144
111, 815
0)
992
904
532
006
447
928
i,e
r
1,229
1,715 !
6,464 j
.027
123,
198,
98,
99,
474,
10, 977
. 050
. 043
23,409
44. 024 I 40. 836
794, 289 817, 370
76,479 ! 86,321
1,150
1,674
5, 040
1, 400
1,160
1, 399
5,701
T
94,000
1,397
1,595
5, 503
45
SUKVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February
March
April
May
June
July
20, 965
6,425
15, 533
7,780
Sep- October
August tember
FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
30, 457
Exports
„
thous. of lb__
11, 836
8,425
Imports, including scrap
do
o, 305
Production (crop estimate)
mil. of l b _ 1 1 , 376
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):
14, 461
Small cigarettes
millions-. 14,347
Large cigars
.thousands. „ 507, 349 505,098
Manufactured tobacco and snuff
thous. of Ib._ 28 596 28,436
Exports, cigarettes
thousands— 472,923 466,966
Prices, wholesale (list price, destination):
5. 513
Cigarettes, composite price._dol. per 1,000..
5. 7G0
Cigars, composite price
do
46, 056
46. 056
Production, manufactured tobacco:
25, 614
Total
_thous. of l b Fine cut chewing
.
do
366
3, 851
Plug
.
do
Scrap chewing...
.
do
3,415
Smoking
.
__--_
do....
17,467
515
Twist
..
.
do-__-
2
36, 687
6,174
31, 260
9,478
1, 858
18,408
5,285
32, 550
5,159
15,912
5,790
32,616
6,770
14,360
7, 329
7, 644
6, 239
3,130
3,329
3,031
3, 123
310
184
!, 501
3
402
5,519
3
378
22
\, 290
3
', 43 1
3
18
119
19
112
18
100
16
117
11,526
(5, 734
357
207
12, 803
331, 204
14,568
388,085
13,163
375, 824
13,021
397,490
14,820
425,140
16,275
469,313
17, 565
435,029
15, 913
460,523
15, 840
487,641
14,890
475, 725
16,448
583, 508
24,057
607, 719
26, 742
616,661
26, 857
576,914
27, 550
537,206
28,481
509, 420
29, 924
803,312
27, 660
604,312
29,333
406, 076
28, 849
639,101
28, 729
285, 106
34,718
533,455
5. 513
46. 056
5.513 I 5.513
46. 056
46. 056
5.513
46. 056
5. 513
46.056
5. 513
46. 056
5. 513
46. 056
5. 700
46.056
5.7G0
46. 056
5. 700
40.056
5. 700
40. 050
22/152 i
323
3, 763
3,196
14, 421
449
22,970
330
3,484
3, 591
15,165
399
24,045
335
3,806
3, 363
16,087
454
25,554
362
4,278
3,507
16, 949
458
26, 889
512
4,331
3, 539
18.004
503
24,167
307
4,115
3,187
16,082
416
26,887
432
4, 521
3, 985
17,460
489
25, 933
450
4,225
3, 807
16,949
497
26, 300
398
4,145
3, 525
17, 702
470
31,133
443
4, 195
4,009
21. 950
282
363
329
221
167
9. 388
3, 746
9.278
3,957
11.04
9. 333
4,367
9. 462
4, 408
9. 558
3, 775
9. 036
9. 709
4,234
91
137
506
953
1,164
40
46
56
24, 049
300
4,035
3,397
15, 836
481
i
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports
thous. of long tons...
Prices, composite, chestnut:
Retail
dol. per short ton—
Wholesale
do
Production
thous. of short t o n s . .
Stocks, end of m o n t h :
In producers' storage yards
do
I n selected retail dealers' yards
n u m b e r of days' supply—
Bituminous:
Exports.._._
thous. of long tons—
Industrial consumption, total
thous. of short tons—
Beehive coke ovens
do — —
Byproduct coke ovens,
do
Cement mills
„
do
Coal-gas retorts
.-.do
Electric power utilities
do
Railways (class I)
..do
Steel a n d rolling mills
-___do
Other industrial
do
Other consumption:
Vessels (bunker)
- . . t h o u s . of long tons,.
Coal mine fuel.
. . t h o u s . of short t o n s . .
Prices:
Retail, composite, 38 cities §
dol. per short t o n . .
Wholesale:
Mine r u n , composite
do
Prepared sizes, composite
do
ProductionJ.__
thous. of short t o n s - .
Stocks, industrial a n d retail dealers, end of
month, total
thous. of short t o n s . .
Industrial, total_._.
do
Byproduct coke ovens
do
Cement mills
.
.do
Coal-gas re t o r t s . . - . . do
Electric power utilities
do
Railways (class I)
do
Steel a n d rolling mills
do
Other i n d u s t r i a l . . . .
do
Retail dealers, total
...
do
9. 77o
3, 809
1,112
r
104
9.160
10.83
9.156
'3,914
9.501
5,622
9. 576
3, 546
994
647
372
25
23
614
512
510
602
1,231
2,081
1,948
1,849
1, 806
31, 031
489
6,668
425
146
4,683
7, 461
1,029
10,130
33,183
372
6,654
308
28, 538
211
5,830
337
143
4,029
7, 288
870
9,830
26, 072
160
5,632
418
205
3, 561
6,721
725
8,650
25, 741
166
6, 000
513
131
3, 696
6, 534
751
7,950
24, 988
240
6,184
542
124
3, 839
6,199
690
7,170
25, 877
307
6, 603
519
123
4, 079
6, 391
715
7,080
27,079
442
4,902
8,436
1,106
11, 250
28, 780
242
5,676
246
141
4,217
7,328
900
10, 030
111
255
129
308
110
268
105
241
93
226
128
243
100
231
102
258
112
281
102
105
4. 251
4.276
36,080
4. 256
4.314
39, 240
4. 277
4, 354
38, 050
4. 403
4. 002
' 38, 700
48,111
39,611
7,832
551
291
11,003
5,693
661
13,580
8,500
51, 122
42, 122
8, 861
578
287
11,337
5, 679
090
14,690
9, 000
r
3, 989
1, 365
58
1, 005
31, 142
620
C, 799
121
149
126
1,715
>• 11.37
9. 584
3,773
128
24
107
288
30, 243
540
6,457
493
140
4,406
7,322
1, 055
9,830
178
293
4, 393
4,019
40, 012
4.333
4.428
43, 301
4.322
4.404
' 38, 000
4.320
4.425
44,940
4.318
4.457
39,105
4.296
4.395
35, 210
4275
4. 297
32, 962
4. 265
4.230
35,468
4.264
4.231
32,340
52, 001
43, 051
10,001
470
273
45, 542
37, 402
8,115
472
271
8, 858
5,341
665
13, 680
8,140
44, 571
37,121
7,993
444
264
9,119
5, 529
692
13, 080
7,450
40, 222
33, 592
6, 496
425
239
9,069
4,992
651
11, 720
6, 630
39,077
32, 577
5,875
444
218
9,128
5,272
650
10, 990
6,500
35,108
30, 208
5,305
408
200
9,257
4,660
578
9,800
4,900
35, 721
30, 521
5,150
463
243
9, 514
4, 526
565
10,060
5,200
39, 203
32, 403
5,956
486
41,563
34, 563
6,506
507
284
10,241
4,644
541
11,840
7,000
139
4. 704
7, 593
895
9, 770
L68
091
14,230
8, 950
6. 703
534
136
4, 341
0,612
791
7,520
4, 050
1,112
1,279
49
51
1,488
20, 783
432
0, 024
543
139
4.177
0, 006
752
7, 510
1,091
r
30,333
r
6, 928
578
r
139
4,812
7, 349
r
870
9, 080
1.36
' 8. 65
4,602
533
10, 780
6,800
51, 504
• 42,404
9. 712
515
285
11,309
r
5, 493
r
060
14,490
9, 100
COKE
Exports
thous. of long t o n s . .
Price, beehive, Connellsville (furnace)
dol. per short t o n . .
Production:
Beehive
t h o u s . of short t o n s . .
Byproduct
do——
Petroleum coke
.
do
Stocks, end of m o n t h :
Byproduct plants, total
..—do
At furnace p l a n t s .
do
At merchant plants
_——do~~
Petroleum coke
— —
—.—do——
r
Revised.
394
, 750
52
37
39
46
42
52
77
90
76
5.250
5.000
4.813
4. 550
4.475
4.475
.475
4.475
4. 475
4.475
4. 475
4. 475
? 303
r 4, 552
159
'• 3 2 9
4,718
155
238
4,707
116
135
4,125
130
102
3,984
139
106
,244 |
152 !
151
4,375
149
231
4, 619
121
4, 682
123
4, 627
119
303
4, 840
131
2,561
896
1,665 j
666 j
I
2,008
842
1, 166
628 |
155
4,017
131
1,706
784 {
922 |
1,638
800
838
624
2,016
931
1,085
663
1,803
877
926
697
1,915
846
1,069
678
2,027
807
1,219
047 I
2, 058
776
1,281
2, 029
740
1, 290
581
2,607
836
1, 771
647
1
"December 1 estimate.
628 I
3
Revised estimate.
JData for 1938 revised. See p . 45 of the August 1940 Survey
^Composite price for 37 cities beginning J u n e 1940. T h e J u n e 1940 price for 38 cities, comparable with earlier d a t a , was $8.15.
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the No venr Novem-1 Decem1940 Supplement to the Survey
ber
ber | ber
J a n u a r y 11)41
1940
January
February
March
April
May
June
August
September
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills)---thous. of bbL_
Imports
do
Price (Kansas-Okla.) at wells
dol. per bbl__
Production^
thous. of bbL.
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do.__.
East of California, totaltdo
Refineries t
do
Tank farms and pipe lines t
do
Wells completed i
number - Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plants
thous. of bbL.
Railways (class I)
do
Vessels (bunker)
do
Price, fuel oil (Pennsylvania)*._dol. per gaL.
Production:
Residual fuel oil£
thous. of bbL_
Gas oil and distillate fuels, total
do
Stocks, end of month:
j
Residual fuel oil, east of California
thous. of bbLGas oil and distillate fuels, total
do
Motor fuel:
Demand, domestic]:
thous. of bbLExportst
do
Prices, gasoline:
Wholesale, tank wagon (N. Y.) t
dol. per gal..
Wholesale, refining (Okla.)
do
Retail, service stations, 50 cities
do
Production, totals..
thous. of bbL.
Benzolt
do
Straight run gasoline*
do
Cracked gasolineJ_.
do
Natural gasoline t
do
Natural gasoline blendedj
do
Retail distribution
mil. of gaL.
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbL.
At refineries
__
__.do
Natural gasoline
do
Kerosene:
Consumption, domestic
do
Exports
do
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gaL.
Production
thous. of bbl
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic J
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal._
Production
thous. of bbL.
Stocks, refinery, end of month
do
Asphalt:
Imports
short tons -.
Production
do
Stocks, refinery, end of month
do
Wax:
Production
thous. oflb.Stocks, refinery, end of month
.do
4, 023
. 9(50
1, 470
. 040
. 120
. 045
175
. 050
. 090
104,916
2,848
.960
111,885
83
105, 835
2,651
.960
115,120
81
106, 530
1,948
.960
113,140
81
101,766
2,244
.960
108, 668
81
110,079
2,866
.960
120, 075
81
106, 979
3,368
.960
116, 045
82
111,817
4,266
.960
118, 283
83
108, 237
3, 658
.960
111,690
84
107,902
3,771
.960
113,244
80
108, 756
4,150
.960
110,523
81
107. 750
4, 059
. 900
109. 337
83
109.394
3,910
. 960
113,418
82
81,112
35,129
191,656
39, 427
152. 229
1, 641
80,223
35, 478
196,100
40,033
156, 067
1,708
79, 380
35, 567
196,407
39,162
157,245
1,578
79,047
36.110
200, 704
40,212
160, 492
1,655
78,440
35, 943
207,407
40, 871
166, 536
1,677
78, 866
36,000
214,321
42,119
172, 202
1,853
78, 359
35, 782
218,492
45,183
173,309
2,083
78,443
35, 368
218,998
47, 525
171,473
2,021
77, 550
36,182
219,796
47,959
171,837
1,860
76, 373
36,493
220, 234
47, 950
172, 284
1,788
75. 392
35, 460
220.197
44. 778
175.419
1. 555
74, 124
35, 422
220. 890
44. 774
170, 122
1,850
1, 606
4,240
3,083
.041
1,755
4,328
3,406
.039
1,950
4,502
3,497
.039
1,446
4,100
3,082
.039
1,261
4,281
3,350
.039
979
4,164
2,930
.039
948
4,130
3,242
.039
1,016
4,090
2,926
.039
1,234
4,166
3,009
.039
1,503
4,293
2, 661
.040
r1,425
4. 334
2, 293
. 040
1.678
4.847
2,724
. 040
26,088
13, 757
26,944
14,433
28, 082
16, 548
24,680
16, 262
26, 870
16, 346
25,372
15, 260
26, 548
14,541
25, 469
14,154
25. 248
14,439
26,451
14, 957
25. 504
14. 735
27, 944
14,381
24,018
30,179
20, 881
26, 374
18, 764
21,057
19,130
19,615
19,160
18, 541
18,475
20,310
19,116
23,112
20, 339
26, 412
21,909
30,134
24, 042
33, 964
25, 015
37, 1W>
20, 539
37, 70V
47,407
2,441
43,807
2,987
40, 370
2,001
37, 557
1,848
44,607
2,021
47, 683
1,730
52,946
1,766
55, 459
2,177
53, 865
1,460
55,346
1,686
52, 297
1, 699
53.SOT
I,70L
.135
.052
.134
52, 893
274
22, 480
25,621
4,518
4,408
1,896
.137
.050
.134
52, 464
281
22,017
25, 589
4,577
4,168
1,850
.137
.047
.134
50,243
272
21, 709
23,991
4, 271
3, 285
1,646
.137
.044
.133
47, 596
231
20, 409
22,777
4,179
3,067
1,543
.134
.044
.131
51, 230
237
21, 774
24, 730
4,489
2,986
1,812
.133
.046
.130
50,625
228
23,082
22,901
4,414
2,783
1,936
.128
.048
.127
52,183
247
22, 526
24,823
4,587
3,075
2,133
.127
.048
.127
51, 325
263
22, 422
24, 239
4,401
2,600
2,267
.130
.048
.128
.046
.124
. 046
. 122
. O4.r
51, 879
279
22,420
24,496
4,684
2,744
2,126
52, 658
271
22,120
25, 587
4,680
3,081
r
2 , 319
52.313
263
22, 254
25. 090
4, 700
3,744
2,134
52," 907
290
21, 002
25, 968
5, 047
4,150
2, 19(
71,619
46, 898
4,579
77, 301
51, 920
4,421
84. 863
60, 420
4,476
92, 721
68, 227
4,757
96, 467
70. 274
5,393
96,615
69, 407
6,112
93, 474
65,871
6,514
86, 276
59, 708
7,000
82,025
54,414
7,584
77,134
50,056
7,702
75.915
49, 040
7,038
73,338
47.102
0. 509
6,023
563
6,613
631
7,642
356
6,263
279
6,273
463
5,621
375
5,297
377
3,952
299
4,257
213
4,114
196
5, 1 <3
173
o, 008
120
. 050
5, 642
9,019
.048
5,822
7,576
.048
5,375
4,918
.050
5,945
4,302
.050
6, 570
4,114
.050
6,257
4,351
.051
6,641
5,309
.051
5,785
6, 810
.050
5,797
8,191
.049
5,629
9,476
. 049
6, 062
10,254
.04V
0, 49f
11,001
1,927
1,825
2,054
1,522
1,883
2,138
2,063
2,146
1,871
2,024
2, 150
2,443
. 168
3,277
6,799
.184
3,478
7,142
.208
3,308
7,328
.193
3,108
7,825
.170
3,335
8,084
.161
3,280
8,065
.150
3,341
8,170
.143
3,212
8,161
.118
3,024
8,573
.103
2,635
8,457
. 094
2, 682
8, 596
. 09(
2, 954
8, 404
3,455
391, 300
497,000
8,622
303, 600
550, 000
4,619
207,200
593,000
1,876
219,600
647,000
896
324, 200
699, 000
417
400,000
768,000
230
487,600
759,000
260
527,300
681, 000
9,761
606,600
623,000
21,028
638,000
588,000
1.447
004,700
490. 000
48, 440
81, 369
48. 440
75, 648
48,440
74, 575
49,560
82,631
47,320
90, 373
42, 560
96,910
44, 240
103, 289
39, 760
110,346
37,520
113,978
33, 320
112, 359
39. 700
110, 028
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb._
Calf and kip skins
do
Cattle hides
do
Goatskins
do
Sheep and lamb skins
do
Livestock (federally inspected slaughter):
Calves __
_
thous. of animals..
Cattle
do
Hogs >
do
Sheep and lambs
_
do
Prices, wholesale (Chicago):
Hides,packers', heavy,native steers.dol.perlb._
Calfskins, packers', 8 to 15 lb
.
..do...
38,459
3, 305
22 004
5, 308
5, 882
31, 360
1,980
13 062
4,576
8,586
33,197
1,461
16,828
5,821
5,114
30, 383
1,348
14,178
6,094
5,153
32, 421
1,055
16, 221
9,017
4,071
23, 855
1,005
9,669
6,836
3,997
22, 767
623
9,068
5, 906
4,933
23,716
1,118
7,756
5,729
7,293
28, 521
1,085
16 401
5,576
3,919
28,863
2,108
14,305
5,295
5,199
33,123
1,152
20, 685
6,065
3,786
28.111
1,253
16.170
3. 001
5. 458
29, 02
1, 99
18 92
4. 37
2.90
402
884
5,419
1,402
450
837
4,437
1,469
381
773
5,236
1,389
416
827
5,356
1,598
378
715
4,277
1,313
440
721
3,981
1,266
480
774
3,610
1,355
501
796
3,890
1,420
437
738
3,886
1,378
457
822
3,219
1,448
432
842
3,045
1,489
417
812
3. 108
1. 409
50
90
4,48
1,73
. 140
. 218
.146
.214
.144
222
.140
.223
.129
.214
.126
.216
.127
.212
.123
.214
.105
.187
.114
.188
.102
.153
. 123
. 100
. 14
.20
354
3,842
456
2,902
92
2,701
37
2,031
33
2,256
18
1,971
1
888
1, 566
3,411
3,189
991
1,590
3,247
3,328
936
1,452
3.074
2,852
953
1,534
3,096
2,879
996
1,739
3,026
3,250
914
1. 594
2, 858
3, 082
LEATHER
Exports:
259
4, 000
274
446
773
643
Sole leather
thous. of lb
2, 020
4,109
3,685
3,214
4,456
4,623
Upper leather
thous. of sq. ft..
Production:
955
1,094
954
868
1,057
Calf and kip
thous. of skins. _
1,970
1,892
1,700
1,957
1,858
Cattle hides...
thous. of hides_.
3,662
3, 246
3,226
3.361
3,167
Goat and kid
__.thous. of skins..
2,973
2,996
3,045
3,429
2, 950
Sheep and lamb
.
do
«• Revised.
•New series. Data beginning January 1918 appear in table 46, p. 14 of the November 11)40 Survey.
fExports of motor fuel revised; for data beginning January 1913, see table 54, p. 10 of the December 1940
price of gasoline, see table 0, p. 18 of this issue.
^Revised data for 1939 appear on table 1, p. 17 of this issue.
Survey. For revised series on wholesale, tank wagon (N. Y . \
47
SURVEV (W (H'KltKNT .Bl'SINKSS
January M)4l
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
1940
January
February
March
April
May
June
July
August
Sep- | Octotember | ber
LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_
Chrome, calf, B grade, black, composite
dol. per sq. ft_
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides..
In process and
finished
do
Raw
do_LEATHER
0.368
0.355
0.358
0.348
0.345 j
.453
.452
.456
.455
.457 !
12, 727
9,042
3.685
12,997
9.276
3,721
13,029
9,357
3,672
12,887
9,203
3,684
202,008
125, 360
76,648
144,489
81,484
63,005
125,954
70,321
55,633
154,325
88,956
65,369
426
161
196
6.00
4.20
3.13
6.00
4.25
3.15
32.129
385
243
566
24, 696
1,172
1,923
3,228
9,036
9,336
5,898
341
0.345
0.344
0.340
0. 325
0. 305
0. 300
0. 312
.466 .469
.455
. 453
.442
. 440
. 453
12, 508
8,812
3,696
12, 737
8,891
3,846
12, 621
8,743
r
3, 878
12, 506
8, 629
3,937
155,402
88, 333
67,069
146, 345 169,671
81,355 100,717
64,990
68,954
179, 972
108, 674
71, 298
0)
0)
0)
0)
0)
316
220
142
129
105
202
200
6.00
4.25
3.21
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6. 00
4.25
3.30
6.00
4.25
3.30
6. 00
4. 25
3. 30
6. (JO
4.25
3. 30
28,690
323
277
873
23,694
1,106
1,628
3, 357
7,939
9,663
33,885
274
414
1,291
30, 298
1,169
1,838
3, 903
8,985
14,403
35, 651
285
529
1,299
31,324
1,178
1,894
3, 816
9,094
15,343
34,551
311
824
1,048
29, 538
1,067
1,821
3, 614
8,337
14,700
31,056
349
915
692
25, 556
1,017
1,703
2,825
7, 588
12,424
29, 479
343
965
424
23, 801
1,161
1,575
2,601
7,4.19
11,045
27, 905
371
691
303
22, 668
1, 230
1, 600
2, 950
6, 925
9,963
33, 590
323
302
370
28, 113
1,391
1,710
3. 357
8,018
13,638
39, 315
359
302
519
32, 837
1,024
1,790
3, 669
9, 622
16,132
34, 992
389
319
474
28, 20<S
i, 360
1,791
6, 740
'• 50S
3, 285
239
1,253
355
1,870
345
2,288 | 2,880
542 !
663
3,127
819
3,184
687
4,005
476
880
934
469
357
99. 098
26, 859
65, 731
71, 006
91,180
14, 892
62, 509
60, 725
108,059
14, 880
81,099
65, 714
12,578 | 12,529
8,911 ! 8,730
3, 667
3, 799
12, 509
S, 537
4, 032
MANUFACTURES
Gloves and m i t t e n s :
Production (cut), total
__.dozen pairsDress a n d semidress
___do.-_
Work
do...
Boots, shoes, a n d slippers:
Exports
thous. of pairsPrices, wholesale, factory:
M e n ' s black calf blucher
dol. per pairM e n ' s black calf oxford, corded tip
do
W o m e n ' s colored, elk blucher
do...
Production, boots, shoes, and slippers:
Total
thous. of p a i r s .
Athletic
do _ „ All fabric (satin, canvas, etc.)
__do.._
P a r t fabric and part leather
do...
High and low cut, leather, total
do...
Boys' and y o u t h s '
do...
Infants'
__do___
Misses' a n d c h i l d r e n ' s . . . . . . . .
do...
Men's
_do___
Women's
do...
Slippers and moccasins for housewear
thous. of p a i r s .
All other footwear
,.
__do-__
)
0)1
C)
53:-!
132
4(IS
112
321
;;, 342
8, 679
1S9
' 0, 283
244
98, 296
11,155
68, 262
64, 704
89,940
12,271
09. 356
71, 374
72 802
io', 342
50, 499
74, 975
2, 474
359
2, 115
2, 737
410
9 ;>27
»• i\ n>i
1, 588
2, 647
421
27 226
2, 935
403
2, 471
{), 902
1, 546
5, 573
35C>
4,946
353 '
413
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ft_
Sawed timber
do._.
Boards, planks, scantlings, etc
do._.
Imports, total sawmill products
do__.
National Lumber Mfrs. Assn.:
Production, total
mil. bd. ftHard woods
do._.
Softwoods
do...
Shipments, total
do-._
Hardwoods
.
do.._
Soft woods
do.. _
Stocks, gross, end of month, total-- do._Hardwoods
do__Soft woods
„_„____
.
._._do--_
73,669
6, 563
60, 088
73, 935
84, 832
17, 063
62,104
53, 253
77, 513
18, 278
49, 416
53, 650
59, 734
13, 217
41,197
45, 373
62. 458
14, 909
43, 500
44, G88
2, 250
382
1,869
2,208
2,002
359
1,845
354
1,491
1,864
348
1, 516
7,621
1, 823
5,798
2,051
339
1,712
2,099
339
1,760
7, 565
1,825
5,741
2,199
341
1, 858
2,211
338
1,874
7,553
1, 825
5,728
2,342
344
1,998
2, 395
355
2,040
7, 513
1,812
5,700
2, 262
298
1,963
2,224
348
1,875
7,577
1,768
5,810
2,237
281
1, 956
2,364
359
2, 005
r 7,483
1, 699
r
5, 784
2, 540
318
2, 222
2, 655
390
2, 266
' 7, 377
1, 034
r
5, 743
79.
19,
52,
45,
414
1.793
7,474
1,729
5,745
1,848
306
1,542
7, 665
1,807
5,858
1,817
338
1,480
1, 846
329
1, 516
7,610
1,817
5,793
6,200
13, 000
8, 150
7,050
18, 050
4,800
11, 575
7,000
6,000
19,125
5,800
11,125
7,150
6,050
20,125
6,200
11, 250
6,600
6,100
20, 700
6,350
10, 625
6,350
7,025
20,035
6, 350
9,900
6, 850
6,950
19, 700
6,550
9,360
6,420
7,270
19,060
7,000
8,900
6,450
7,400
18,400
9, 350
9, 375
7,450
8,750
17, 350
10, 725
10,800
8,175
9, 350
16, 600
8, 700
11, 150
7, 500
X, 400
10,000
9,
11,
9,
9;
15,
21,890
47,191
42, 497
35, 626
71, 603
25,
42,
36,
30,
77,
44,
56,
35,
29,
81,
42,
66,
33,
33,
81,
338
205
435
312
012
39, 658
68, 068
35, 266
37, 696
78,471
34, 438
61, 242
41,190
41, 264
79, 397
45, 935
61, 461
43, 865
45, 716
75,139
33, 357
52,512
38, 015
43, 127
70, 027
49, 587
59, 380
41, 658
44,412
65, 317
65, 836
72, 557
40.148
52,655
57, 879
51,344
73,818
46, iUO
50,083
52, 712
47, 571
68, 765
51, 938
52, 624
51, 426
25. 704
8,424
17, 280
31,103
11,849
19, 254
33, 243
13, 603
19, 640
45, 288
21, 375
23, 913
29, 078
10,180
18, 898
38,014
10,771
27, 243
37, 625
9, 595
28, 030
26, 888
9, 385
17, 503
32, 170
9, 130
23, 040
1,642
T
FLOOBING
Maple, beech, and birch:
Orders, new
M bd. ft.
Orders, unfilled, end of month--.
do__.
Production
do .__
Shipments
.
do...
Stocks, end of month.
do...
Oak:
Orders, new f
do._.
Orders, unfilled, end of month
__.do-_Production f
do_._
Shipments f
do...
Stocks, end of month
..
do....
692
285
046
599
066
622
980
252
850
295
900
000
200
600
850
SOFTWOODS
Douglas Fir:
Exports, total sawmill products
M bd. ft..
23, 298
4, 114
Sawed timber
do
19,184
Boards, planks, scantlings, etc
do
Prices, wholesale:
21.070
No. 1, common boards
dol. per Mjbd. ft_.
Flooring, 1 x 4, " B " and better, V. G.
42.140
dol. per M. bd. ftSouthern Pine:
23, 332
Exports, total sawmill products
M bd. ft..
Sawed timber
do..__
2,258
Boards, planks, scantlings, etc
____do
21, 074
Orders, new +
mil. bd. ft-.
'•5(51
Orders, unfilled, end of month
do
343
Price, wholesale, flooring-_doi. per M. bd. ft__
42.r 393
Production f
mil. bd. ft..
(m
Shipments t
do
' (>49
Stocks, end of month
do
1, 825
Western Pine:
302
Orders, new
-___do
Orders, unfilled, end of month
do
254
Price, wholesale, Ponderosa pine, 1x8, No. 2,
29. 64
common (f. o. b. mills)
dol. per M bd. ft.j
430
Production
.mil. bd. ft..
431
Shipments
_do
1,953
Stocks, end of month
do
r
Revised.
i Discontinued by compiling agency.
jData for 1939 revised on the basis of Census figures. Revisions
38, 971
12,619
26, 352
34, 959
14, 556
20, 403
21.070
20.482
20.090
19. 698
19. 600
19. 600
19. 600
20. 825
23. 030
23. 030
42.140
40. 964
39. 690
39. 200
38. 220
37.485
36. 260
36. 260
37. 975
42. 140
42. 140
19, 063
4,017
15, 046
15,144
3,489
11,655
14, 747
4,518
10, 229
'• 4 9 5
r 59fj
334
41. 500
18, 348
5, 838
12,510
r 677
348
41. 662
25,928
4,866
21, 062
r 688
324
41. 783
27, 689
3,597
24,092
* 799
440
41. 536
r
625
r
709
1,912
15, 990
948
15. 042
r
948
570
43.045
r
720
'• 818
1,814
22,
2,
19,
'
306
41. 875
12, 838
2,697
10,141
r
587
331
41. 873
r
030
224
368
856
905
003
46.010
T
739
r
S72
l,0<8l.
10, 904
989
9, 975
r 949
600
48. 676
T
827
r 952
1, 550
629
532
4S(i
'• 020
1,919
329
262
325
28. 99
291
321
1,923
28.77
215
309
1, 829
'• 0 1 3
r 65 I
T
660
2, 037
2,028
r
712
1,991
28, 209
4,341
23, 868
r
623
350
40.865
r
602
r
597
1,996
300
282
354
285
400
287
457
304
421
300
495
326
653
442
28.86
212
297
2y. 30
279
351
1, 672
29.09
389
397
1,664
29.02
522
441
1,745
28.49
541
425
1,861
28.01
570
469
1,962
28.17
618
537
2, 043
r
510
357
41. 798
r
55S
- 493
2,014
1,744
not shown above will appear in a subsequent issue.
29. 71
519
539
2,051 1
540
31 .73
544
592
I 997
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
January 194.1
1940
March
April
May
June
July
| August
SCP- I October
t ember
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
West Coast Woods:
Orders, new
mil. bd. ft.
Orders, unfilled, end of month
do...
Production
_
do...
Shipments
.....do...
Stocks, end of month
_
.do...
Redwood, California:
Orders, new
M bd. ft.
Orders, unfilled, end of month
_..do.__
Production
_
do...
Shipments
do...
Stocks, end of month
.do...
513
444 ]
579 '
519
582
574
867
30, 581
42, 849
31.408
M , 318
275,402
22,005
31, 445
31, 204
28,019
298,397
17,
28,
27.
20,
297,
463
452
516
487
930
656
507
535
521
953
522
513
529
538
961
594
976
981
596
662
926
749
678
883
802
976
25, 331
26, 517
27, 239
23, 793
296,026
21, 544
26,416
29,105
21, 957
301,176
29,704
32, 472
28, 727
27, 237
299, 227
31, 450
31,371
31, 207
31,562
298, 317
29,263
26, 555
31,310
33, 391
294, 231
63.0
63.0
62.0
62.0
546
520
601
556
517
612
606
667
425
531
383
610
638
920
811
510
549
593
900
726
623
655
664
892
655
647
607
672
865
586
901
477
365
079
35, 963
32,173
30,156
31, 290
283,907
32, 836
35, 545
31,533
29. 024
286, 022
63.0
60.0
65.0
71.0
76.0
4.0
28
43
69. 0
21
3.0
29
46
75. 0
77.9
102. 3
88.1
87.2
77.9
102. 3
68. 1
87.2
29. 500
27, 468
29, 293
28, 016
292, 640
27,
25,
28,
29,
289,
788
681
626
653
860
47.
42,
36,
38,
282,
674
855
059
245
098
FURNITURE
All districts:
Plant operations..
percent of normalGrand Rapids district:
Orders:
Canceled
..percent of new ordersNew..
no. of days' productionUnfilled, 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),
5.0
21
40
74. 0
77.9
102. 3
88.1
87.2
67.0
65.0
7.0
23
8.0
13
8.0
16
30
6.0
15
25
7.0
4.0
26
5.0
23
33
10.0
35
15
23
14
22
14
25
3.0
23
32
65.0
67.0
57.0
60.0
63*. 0
65.0
58.0
61.0
62.0
62.0
20
16
16
16
16
14
14
12
15
3.0
24
38
64. 0
18
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102. 3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
102.3
88.1
87.2
936, 047 1,034,938
318, 369
327,129
5,505
3,542
1
152
,402,075
355, 991
2,105
16
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
longtons.Scrap
_______ do
Imports, total.
do
Scrap....
„
do
Price, wholesale, iron and steel, composite
dol. per long ton..
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons..
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Imports, total
.
do
Manganese ore, imports (manganese content)
thous. of long tons.
788,176
74,349
' 980
252
38. 08
5, 341
605.555
272^ 656
15,216
837
600,437
206, 402
14,709
1,267
583, 521
187, 457
8,274
442
671,301
234,716
6,740
273
663,980
206, 928
5,096
29
612,906
221,152
6,674
482
783, 964
312, 483
7,759
33
56
242
37.50
37.18
37.09
36.97
36.83
36.69
37.33
37.69
37.63
37.70
37.92
38. 07
5,478
5,440
40, 732
35, 516
5,216
304
5,538
0
35, 440
30, 805
4, 635
163
5,289
0
30.189
25, 901
4,288
209
4,242
0
25, 967
22, 087
3,880
237
4,088
0
21, 862
18,412
3,450
167
3,935
465
18,106
15, 155
2,951
257
4,566
7,245
19, 603
16,717
2,886
175
5.213
9,487
23, 516
20, 428
3,088
162
5,524
10, 383
28, 244
24, 608
3,636
249
5, 701
10, 480
32, 935
28. 708
4,227
194
5, 672
9, 935
17, 090
32, 432
4, 658
164
6, 051
10, 009
41, 125
36, 280
4,846
265
27
54
39
43
42
36
63
51
39
98
Ad
51,778
59,143
69.6
54,038
45, 978
53,663
65.2
53,753
40, 438
53, 372
64.2
52,088
34,901
42,163
51.7
43,935
35, 730
39,881
48.7
42,975
35, 290
40, 529
50.1
41,975
35, 563
37,511
45.2
40,919
36, 503
34, 700
42.7
33,323
45, 025
38, 872
46.7
34,226
52, 994
48, 926
58.8
43, 216
53, 079
49. 804
138,975
191
136, 702
191
123,990
177
106,040
157
104,675
152
106,395
157
119, 905
172
131, 360
182
131, 760
187
137, 500
190
22.50
23.15
24.89
4,167
22.50
23.15
24.89
4, 221
22.50
23.15
24.89
4,032
22.50
23.15
24.89
3,311
22.50
23.15
24.89
3,270
22.50
23.15
24.89
3,137
22.50
23.15
24.89
3,514
22.50
23.15
24.89
3,819
22.50
23.15
24.89
4,054
22.50
23.15
24.89
4,238
2,233
2,882
11,905
1, 418
1,740
12, 002
1,456
2,117
11,487
1,648
1,207
11,935
1,602
1,079
12,454
2,292
1,177
13,565
2,754
1,334
14,923
1,697
1,613
15,009
1,449
1,698
13, 477
1, 848
2,732
13, 873
371
3," 851
12, 513
17, 273
23,751
80,391
14,816
16, 227
77,878
16,525
15,443
79,128
20, 616
11,214
88, 593
18,790
9,253
98,121
17,900
10,933
105,043
20,922
12,024
114,032
18, 698
14, 776
117,975
17,352
22,916
112,369
26,185
31,100
107, 267
26, 340
40 342
93, 029
,221,052 1,105,510
255, 608
258, 92f
3, 966
% 508
AH
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short t o n s . .
64, 612
Production
_
do
57,71/
Percent of capacity
0)
Shipments
.short t o n s . .
5(3,321
Pig iron:
Furnaces in blast, end of m o n t h :
Capacityf
short tons per d a y . . 148,000
Number
i
201
Prices, wholesale:
Basic (valley furnace)
dol. per long t o n . . I 22. 50
Composite
.do
23.15
F o u n d r y , N o . 2, northern (Pitts.)
do
24. S9
Productiont
thous. of short t o n s . .
4, 403
Boilers and radiators, cast-iron:
Boilers, round:
2,416
Production
_.thous. of lb...
2,451
Shipments
do
10,
622
Stocks, end of m o n t h
do....
Boilers, square:
23,
788
Production.
-...do
26, 0,59
Shipments
do
80,
004
Stocks, end of m o n t h
do
Radiators:
Convection t y p e :
Sales, inch heating elements, cabinets,
and grilles__thous> sq. ft. heating surface.
0)
Ordinary type:
8, 04S
Production...
__
._._..do
,
Shipments
_
_.dO-___ j 8,952
Stocks, end of m o n t h
do
| 22,103
Boilers, range, galvanized:
i
Orders, new, n e t
n u m b e r of boilers., j 75, 369
Orders, unfilled, end of m o n t h __
do
I 35,220
Production
do..__ j 80, 371
Shipments
„
.
d o . . . . ! 82,243
Stocks, end of m o n t h
_
do
I 36,610
660
701
5, 647
7,824
21,424
4, 474
5,166
21, 653
566
4, 735
4,173
21, 767
390
5, 530
3,135
24, 222
505
431
691
768
5,701
3,195
26,829
5,670
3,626
28, 896
6,579
4,539
30, 971
5,697
4,670
31, 913
0)
4,817
6,486
30,108
61.4
45, 943
71, 129
62. 293
75.0
61, 161
140, 620 ' 144,290
193
2r .50
2;".15
2-: .89
4, 177
9
(*>
0)
7,147
8,193
29,168
6 415
9 436
26 087
r
196
.50
9;" . 15
24. 89
4, 446
3. 598
145
lit, 750
32 701
43 767
82, 205
0)
8 454
11 769
22 805
55,339 51,062
55,026
72,725
69, 407
75, 427
64, 831
73 821
106 716
85,139
72 380
19,161
18, 507
24, 532
23,048
44*, 213
36,086
32 119
42 094
31,158
27, 315
38,194
252
51,012
59, 319
66,039
68, 816
81,
79, 565
97 266
70, 452
76, 467
68, 522
77,879
60,710 51,716
66,580
68,184
69 017
77, 166
77, 534
67,317
75, 710
96 741
78,103
34,862 34,158
34, 763
36, 794
36,253
34,790
37,925
38, 458
38, 488
37 963
37, 701
i Temporarily discontinued by reporting source.
"Revised.
fRevised series. Data on pig iron have been oonverted from a long to a short tonnage basis; data for production beginning 1913 are shown in table 38, p. 14 of the October
1940 issue.
80, 265
48,999
84,181
82,492
30,677
Monthly statistics through December 1939, toJ94O
gether with
with explanatory notes
notes a n d r e f e r e n c e s
to tthe
to
h e sources
s o u r c e s of the
t h e data,
d a t a , may
m a y b e found i n t h e '• V > \ t ; n 1940 Supplement to the Survey
49
Brsi\Kss
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50
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
January 1941
1940
January
February
March
April
May
June
July
August
ber
October
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Lead'
Metals—Continued
Imports, total, except manufactures (lead con2,762
4,164
4,496
2,958
7,404
4,787
2, 806
10,230 I 10,739
tent)
short tons.. 19,081
4,723
10, 581
Ore:
37,
049
35,937
37,057
38,835
37,949
37,903
40,196
36,
957
36,988
30,400
37,
759 35.910
Receipt?, lead content of domestic ore _do
6,355
4,234
3, 892
3,710
3,110
4,474
3, 705
4, 393
3.088 :
3,538
Shipments, Joplin district's
do.....
3, 446
2,878
Refined:
Price, wholesale, pig, desilverized (N. Y.)
. 0^73
. 0550
.0547
. 0508
. 0550
.0519
. 0571
.0502
. 0500
.0493 ;
. 0500
. 0485
dol. per lb_.
42. 547
44,783
37. 918
44, 748
47, 149
40, 564
31,192
35, 343
41,528 j
34, 041
089
36, 851
Production from domestic ore.-Short tons,. 4").
r
39,
875
39,176
40,
353
46,919
64,
365
44,
881
40,
496
53.456
49,
904
52,
500
51, 643
Shipments (reported)
do
. .7,M0
74. d92
62, 955
68, 539
72, 658
41,292 !
58,061
58, 777
63, 010
55, 343
47, 360
43, 321
Stocks, end of month
do
35. 791
Tin:
Consumption of primary tin in manufac6,680
7,540
6,940
5, 540
6,370
5, 610
5,900
6, 360
6,420
5,800 ;
6 650
tures
long tons..
7,870
11,366
9,780
6, 600
9, 244
7, 325
7, 855
7, 905
12,505
9, 225
11,410 *
12, 470
Deliveries
do
8,851
6,499
7,
629
12,518
10,331
9.185
7,
880
7,982
10,327
11,611
14.004
j
12, 920
Imports, bars, blocks, etc
do
.5224
.5064
.4672
. 4594
.5159
. 4709
. 4082
.5148
. 5050
. 5254
.5032 I
Price, wholesale, Straits (N.Y.)__dol. per lb..._
. 5118
38,
035
38,
280
38,
736
32,
339
32,
149
40,
040
35.
573
33,
148
31,809
30, 502
39,450 !
Visible supply, world, end of mo..long tons..
38, 040
3,283
0, 507
1,749
2, 904
4. 302
3, 302
2, 078
2, 035
3,677
9.438
United States (excluding afloat)
do
5, 300
6, 583
Zinc:
i
Ore. Joplin district:^
35,611
28,026 j 29,393
31,424
44,323
41,663
28,163
41,183
33, 530
35, 110
34.250 •
Shipments
short tons,.. 29, 538
17,015
4, 097
3,551
4, 798
9, 701
5, 454
7,098
13,548
5, 851
9, 201
10, 452
Stocks, end of month
do
8, 842
Price, wholesale, prime, western (St. L.)
.0564
.0553
.0625
. 0650
.0598
. 0575
.0725
. 0575
. 0580
. 0624
. 0692
dol. per lb._
.0639
Production, slab, at primary smelters
52, 399
52, 774
52,189
53, 524
57. 941
55, 475
51,175
51,518
48. 600
short tons._ 50,481
49,939
53,119
47, 287
47.188
46, 867
49, 744
49, 805
48. 159
47, 545
48,989
46, 577
Retorts in operation, end of mo
number... 55, 2X8
50,715
53, 104
54, 802
51,050
64, 407
49, 909
53, 468
40,803
57, 224
57, 000
53, 935
Shipments, total
short tons.. m. 145
64. 005
00, 824
03,
532
05,
256
61,522
70,822
65,995
70, 208
70,502
17,936
65, 227
58,796
Stocks, refinery, end of mo
...do
44, 670
30,905
Miscellaneous Products
I
Brass and bronze (ingots and billets):
8, 497
851
0,898
7, 056
Deliveries
".
short tons..
, 232
7,181
8,070
8, 700
214 | 17,
13,459
21, 095
Orders, unfilled, end of month
do
21,475
22, 287
,017
31.3(i5
17, 823
Plumbing fixtures, brass, shipments
(2)
1,668
1,735
1,582
1,820
1,647
thous. of pieces..
1,697
Radiators, convection type, sales:
Heating elements only, without cabinets or
30
94
67
43
103
grilles
thous. of sq. ft. heating surface__
Including heating elements, cabinets, and
450 i
392
297
520
870
591
487
grilles
thous. of sq. ft. heating surfaces531
()
(3)
()
.191 I
.191
.193
.183
. 183
.183
.183
Sheets, brass, wholesale price, mill ..dol. per lb._
.185
.183
.187
.186
Wire cloth (brass, bronze, and alloy):
391
409
303
350
382
541
456
329
343
Orders, new
thous. of sq. ft..
000
521
1,099
, 343
.,216
., 005
1,041
1,829
,073
, 000
., 593
Orders, unfilled, end of month
do
1,124
1.039 i
1, 033
489
010
637
476
489
445
567
496
482
Shipments
do
516
536
423 !
709
612
627
621
695
616
585
716
801
Stocks, end of month
,
do
694
693
M A C H I N E R Y AND APPARATUS
Air-conditioning (circulating, cooling, heating,
and purifying) equipment, new orders:f
Air-conditioning systems and equipment
for summer and year-round use
1, 594
1,263
1,411
1,545
2, 425
2,675
thous. of dol..
3, 261
Blowers and fans
.__
3,979
4,910
2,013
3, 68:
Unit heaters
do
!,346
3, 845
Warm-air furnaces, winter air-conditioning
4, 265
10,312
systems, and equipment
thous. of dol...
14, 494
Electric overhead cranes:
499
798
250
534
407
414
400
520
445
957
Orders, rmw
do
2,430
2, 172
1, 743
1, 640
1, 683
.1, 709
2, 390
2, 744
, 271
Orders, unfilled, end of month..
....do
2, 308
204
590
079
515
391
594
719
043
Shipments
do
435
Exports, machinery. (See Foreign trade.)
Foundry equipment:t
254.
2
149.0
145.2
129. 1
124.5
135.7
194. 4
153. 3
164.9
165. 4
New orders, total
1937-39 = 100..
127.5
209. 8
102. 0
278. 8
174.2
107. 2
New equipment
-do
147. 8
133.9
188. 7
138. 3
160.0
158. 0
Repairs
do
Fuel equipment:
Oil burners:
11, 239
12,883
15, 889
18,154
18, 758
12, 566
13,108
23, 008
19, 672
32. 772
41,895
Orders, new, net
number..
2, 880
2, 767
4, 375
4, 700
3, 639
2,905
3,050
6, 974
5. 985
8, 202
8, 007
Orders, unfilled, end of month
do
12, 770
14, 394
17, 829
20,085
13,300
12.963
11, 522
22, 019
18, 387
21, 109
31,544
41.490
Shipments
do
18,415
16,
755
18,050
19,
239
18,165
16,
764
17,141
15,
672
23,400
19,
367
22,
870
19,017
Stocks, end of month
do
25
33
38
45
6
47
11
20
38
54
Pulverizers, orders, new
do
Mechanical stokers, sales:
3,654
4, 762
4, 342
8,254
8, 225
3,996
6, 490
10, 565
10,591
9,709
23,117
Classes 1, 2. and 3 . . . . - . . do
Classes 4 and 5:
3 8 fi
128
149
111
125
219
266
207
161
275
217
352
Number
_.._
45. 907
25, 515 28,591
30,177
29. 677
42, 332
51, 735
39, 038
58,420
38, 408
58,411
80,*37
Horsepower
.
95.4
93.4
93.3
92.9
93.4
92.5
88.3
91.2
93.3
92. 3
93.3
94, 9
Machine tool activity*
percent of capacity..
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
40. 421
29, 441
37, 977
35,961
38, 540
33, 236
35, 245
41,419
38, 476
38, 409
33,037
units.. 30.134
1, 398
900
970
1,214
829
804
792
662
928
853
247
905
Power pumps, horizontal type
do
20, 971
22, 099
17, 594 14,718
16, 060
15, 362
16, 993
13, 389
20, 415
19,113
21, 503
18, 057
Water systems, incl. pumps
do
Pumps, measuring and dispensing, shipments:
Gasoline:
2, 201
741
612
1,070
1,085
2,330
1, 574
Hand-operated
.
units....
6, 304
12, 577
8,693
5,775
7,613
11,072
11, 578
Power
do
8,751
Oil, grease, and other:
(2)
9, 659 10,578
20, 081
14, 466
16. 086
14,417
18. 579
17, 968
Hand-operated
_do_._,
2, 591
3,244
3,106
1,914
3,462
2,676
1,349
2,454
P o wer
do
T
IData
for
November
1939
and
January,
May,
July,
and
October,
1940,
are
for
5
weeks;
other
months,
4
weeks.
Revised.
2
Discontinued by reporting source.
3 Reports temporarily suspended.
*New series. For data on machine tool activity beginning January 1939, see last paragraph of footnote 6 to p. 139 of the 1940 Supplement.
fRevised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939. For description of series and earlier data, see p. 50 of the
September 1940 Survey. Index of total foundry equipment new orders beginning January 1940 is based on average sales to metal-working industries during 1937-39; earlier
data are based on the old new orders index (1922-24 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only beginning
May 1910.
SUEVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, to1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- Decem1940 Supplement to the Survey
ber
ber
ber
51
1940
January
February
March
April
May
July
June
October
August
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Pumps, steam, power, centrifugal, and rotary: J
Orders, new
thous. of doL.j
Water-softening apparatus:
Shipments, domestic
.units.
3,025
1,339 ! 1,049
1,011
1,147 i
1,457 | 1,178
1,809 ; 1,963
2,437
1,481 j
1,154
1,159 |
1,556 I 1,364
1,623 j 1,237
0)
1,201
2, 556
2, 878
0)
0)
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
Unadjusted
.
1934-36=100...
Adjusted
do
Electrical products:
Industrial materials, sales billed.„ 1936=100..
Motors and generators, new orders
do
Transmission and distribution equipment, I
new orders
1936= 100. J
Furnaces, electric, industrial, sales:
I
Unit
kilowatts.-I
Value
thous. of dol..|
Electrical goods, new orders (quarterly)
j
thous. of dol.. j
Ironers, household, shipments
units., i
Laminated products, shipments..thous. of dol.J
Motors (1-200 hp.):
j
Billings (shipments), A. C
_.do j
Billings (shipments), D. C
do ;
New orders, A. C
, .
do J
New orders, D. C
.
do '
Power cable, paper insulated, shipments:
Unit
.
thous. of ft..
Value
thous. of dol_.
Ranges, billed sales*
..number...
Refrigerators, household,, sales
do-___._
Vacuum cleaners, shipments:
Floor
...
do
Hand-type
do
Vulcanized fiber:
Consumption of fiber paper..
thous. of Ib._
Shipments
.
thous. of dol..
Washers, household, shipments
,..units.
165
118
132.0
125.1
124.8 i
97.3
110.4 I
97.9 ;
113.7
115.9
67
123
73
132
91
133
130
135
112.8
107.1
112.7
117.2
107.6
160. 9
113.8
155.0
126.5 !
146.6 |
186
139
137.3
123.6
121.3
132.8
133.8
127. 7
126. 0
181.9
9,587
480
2,084
167
5, 634
324
7,802
557
4, 697
314
4, 905
407
5,381
' 476
5,241
421
5,137
372
254, 302
11,854
1,306
10,373
1, 257
10, 183
238, 846
12,048
11,404
1,313
13, 848
1. 408
1. 173
1. 306
.J 268,120
10,590 ! 8,571
1,308 ' 1.325
2, 6* ,
2, 0 0 1
sr.
2, M >S
3, 0H
t>«J2
2,730 I
677 !
3,276
1,047
I, S00
101
159
4,153 I
30S |
9,990 !
1,348 I
.ISC.
121.9
161.7
180
227
3,103
797
3.472
1, 867
2, 733
582
2,417
813
752
655
656
731
19,008 j 13,429
55,113
92, 479
554
', 297 108,338
32,728
2 857
2, 070
92,806 | 110,019
27,362 '
4te, 2 3S
117 KV
2,808 ; 1\
660 i
119,228 ! 142.
2,594 ! 2,492
748 |
854
102,990
77,270
3, 0M0
J S. S-! 7
I,OI;J
16, 91 »5
1,31!
21, 007
1.454
23, 2K2
!. 71S
3. ('
',14
' s (i
3 isfi
1 70)
3 I' M
123.9 147. 7
265. 0
it) 1.3
1,21K
I, i .7
1,2 >
(•41
32. "MS
234,662 | 280, M M )
118,730
36,471
11,984
1,320
20S
.12?,
32S
120 ' 0 0
_1 031
0 "0>h 111
71,
r
f "
S7 >2)
2 » 0 7
'?. 2'>r»
2 5ns
(
1 1 I
1 it .
118 9^7
), 730
4 "S
112 1 1
r
ih
lit) 4_"
?>
(
PAPER AND PRINTING
WOOD PULP
Consumption and shipments: m §
Total, all grades
.
short tons_.
Chemical:
Sulphate, total
___
_
do
Unbleached
do.___
Sulphite, total
do
Bleached
do
Soda
.
_.
do
Groundwood-__
do
Exports, total, all grades*
do..__
Imports, total, all grades*
do
Chemical:
Sulphate, total*.
.do . . .
Unbleached*
__._
-do
Sulphite, total*
do
Bleached*
__._
do
Unbleached*
____do
Groundwood
-.do
Production^
Total, all grades
do
Chemical:
Sulphate, total..
.do
Unbleached
do
Sulphite, total
do
Bleached
.__ do
Soda
do
Ground wood
do
Stocks, end of month:§
Total, all grades
do
Chemical:
Sulphate, total.
__.____do
Unbleached
do
Sulphite, total
do
Bleached...
do
Soda
_____do
Groundwood
do
Price, sulphite, unbleached
dol. per 100 lb_.
()«H, 7( 0
< '7 IMO
302, lOo
200 M)0 ' 201, S00
1MM s o o
lMs 0M0
121 300 1 12b 200
40, 000
48 6*30
1 S •>i)0 144 MOO
15.713
is, •537
27! SOO
254
1M7 HO)
I2i 2O0
4M 700
1 \, 0 , 0
27 ° 3 3
725, 100
680,300
(77, A>0
328, 300
277, 900
2! 1, 700
126, 500
39, 800
145,300
28, 093
70, 549
292, 1C0
251,200
207, 800
130, 200
47. 344
133,000
20,985
272,049
30! 700
12, 521
104,945
92,659
143, 796
53, 492
90, 304
22,103
80 850
7a, 4'J3
46, 423
1MJ121
10,715
235 419
i i0
00
702
00 I
2 i()
o .
>O
j _>( i
M 0
< 0
1 J i 0 iM
43 VY
111
i) )
30
7
CO 4
1 \2
1' <
2 i )
417
HiJ. v-G
*'.
47, 197
0}i)
750
100
01*)
13 i is
11,
^ 3o
2~
Jt *
2i 8 s J
' * <M.
67 610
3J, 465
101, 303
79,3")S '
110, ?7r*
4S 8S7
01.3)2
19,190 ,
1 |-
o«, 3)7
in
SI 4
204
3-J
00,
33
4MM
H 7^.J.
02
678, 521
70S rM") '
320, 400
275, 400
212,000
122, H00
40, 900
158, 000
290,920
251, 392
207, 339
130,749
47, 244
127, 310
297, ls-2
2r>8, 500
108, 575
124. 353 1
48, 039 i
134, 125 I
300 3i i
_, 5 H7
2 r S , 0M0
2,3
200 4 ( 0 | IM 4S2
15 3 ? • i | 1 - 4 , [»,
41 <no
48,300
l~)0, 4 00
110 v>70
169,000
124,000
125 000
1)0, MOO '
1H
000
11
soo
77,
47,
4,
24,
17 200
, 11 OHO
*-7 200
1 "A, S0()
600
600
5.600
200 '
300
29, 000
51
2 83
'3SQ
i n ooo
is
)O()
10 100
>") 000
53, K)0
6, 800
100
2 85
53,
• 7 i
or>
'77,v "7 >
2 s 07")
' 1 0 7s()
1 3 \ ) in
43, 100
< ^
1 ' '
44 (Mo
I t7
15s 8L7
672,813
23, 400
16, 800
77,900
47, 500
4.200
18, 500
2.28
t
o;w
Ms
20 3
262, 171
|
737, 900
32, 000
27. 300
84,100
48, 600
8, 700
44, 200
3. 40
III
*», S 7 ,
30 ( , T
13, H o
2»0
H >
2 l(l
soo
()"
0"
i >2
1< >,
i " 7 200
If 3 ,
57
81.
0
70 )
5>7
{
<lll)
2M0
2r)4 200
2' s
•>Oii
2 •>
i'»
1)1,1
1 5~
no
711)
")( )
11.
hi
Ji '
702
1
-t
11 8 1 ^
< 0 »'•*
f
)0
00
0 100
))
S()4
«3 5)S
17 s.7
1 <,
!">S
r
<i')
>*
2 3 2.3
H , 440
l"(!',
7 51
H(,
MsO
s
-M3
-OS
7iill
,2
00
MOM
It
'(0
"' 5
<< n
M
]_
70<
)7J
520
2->)
MM( 4
227
'>, I
1 5M
l)< 1
S">
1 50
000
1
20)
17'
117,
3(Hi
14M,
-)()
172 slK)
IS
'00
11
2i 0
11 M)
u ) 10
>0)
1 10)
7h 2 0 )
40 J ) 0
ft) MOO
4M 0 11
6, 7>
4 20-)
7 3 00 )
4
7o
\ 18
, ^
MM 000
_t)3 >M0
j > S'M
4 1
21M)
0
l,_
512 7-.2
'b s s "
21S •70
IS
")S 500
'Mi
1s
7 0
131
39, 600
1 l
1
0
51 000
1 >2 ^11
17 7 00
in (i li
2 >
S' s
7 00
•*<)')
,
A
1
1
S 10
) 2(1 )
HO
')•>
iM, 700
55 400
( . ) ' 000
3 40
1 '
" 0
25 MOO
]M
/Hi
7i
000
4
liOO
I 1 il
<('()
46
12 i
"III
01
,
) M
(
1 1^
in
1 M
>1
0 )
^
11'
!-7
•'0
01 0
2 ( >0 1 iM
2ix2 (U 0
122 ( )
5 ) 100
12.!
100
1 11
UK)
1
,
0
2 1 MM
1s
H
'-
7 , - (o
t\ 1
(
1 ,
4«
I .
-O(
li
I 00
0 1
U
! 1
11 Hi
>()'
i7
SOO
10
1
2SV 20
220 _(
Oi
2 ) v
s > 20.
1 )O
1
()l
ill )
(iM
5, 0 0 0
4S
>
>O i
4) 01)0
>7 j ' 0
n<
t
O3t)
)
11
(i
1
I"
'
1.
37 M20
)H
•*s
I
_ )
i,.O
soo
71
s
,2
h»
) 570
J >- . . i i )
17 "0 )
M n)
M3 2 id
01 100
n
6, 0 0
(
!-'
17,
1
t M MHO
2 1 21H)
151 SM 1
}(>
21,
I'M
'7 i * S")
II.
23 ( --
70")
221 i s "
141 OM7
47,
( 0
51S
2t >'
li !
•t 0
u\
7 5 , 0 '>
1 )0
SOO
200
N> )
023
-345
( 7 1
i,o
tit c
t,0 1
50 S)wO
J7u 12S
117
43, 0 ) 0
1 IS 000
{
j "
4
o
7 O>
51
00
10
PAPER
Total paper, inch newsprint and paperboard.f
Production....
short tons..
Paper, excl. newsprint and paperboard:f
Orders, new
short tons..
Production
___
.do
Shipments..
do.....
1,046,687
971,482 | 974, 568 j 895, 059 \ 897,8
937,032 I 1,039,708 j 980,385 j 958,374 j 979,631 | r 807, 091 jl,001,(50!)
426, 342 ; 416,102 j 395, 874 I 369,670 398,896 ' 489,923 !• 514,683 ! 471,457 j 398,801 !! 390,325 ''-379,027 j 432,770
484,993 j 464,540 \ 459,547 I 413,634 405,824 ! 433,189 479,257 !: 454,898 ! 440,234 440,394 I'" 387,255 j 440,248
487,467 I 463,241 i 439,603 ! 393,352 397,553 i 421,506 1 484,801 472,531 I 448,043 I 427,377 !' 380,407 I 430,210
• Estimated.
••Revised.
l
• Domestic p u l p used in producing mills a n d s h i p m e n t s to m a r k e t .
D i s c o n t i n u e d b y r e p o r t i n g source.
*New series. D a t a beginning 1913 for wood p u l p are shown on p . 13 of t h e October 1940 issue. F o r d a t a beginning 1931 on u n i t sales of electric ranges, see table 52, p . 18
of t h e N o v e m b e r 1940 issue; t h e note w i t h regard to t h e coverage of t h e i n d u s t r y h a s been revised as follows: T h e Association believes the coverage for 1936-40 was b e t w e e n
90 a n d 95 percent. N o d a t a are available for coverage prior to 1936.
t R e v i s e d series. F o r revised d a t a on " t o t a l p a p e r " a n d " p a p e r , excluding n e w s p r i n t a n d p a p e r b o a r d " beginning 1934, see table 43, p p . 12 a n d 13 of t h e N o v e m b e r 1940
issue.
| F o r certain revisions in 1939 d a t a see note m a r k e d w i t h a " § " on p , 51 of t h e December 1040 Survey. Other HW revisions will be shown in a s u b s e q u e n t issue.
52
SIRVKY OF CIRRENT BUSINESS
Monthly statistics through December 1939, to- 1940
1939
gether with explanatory notes and references
to the sources of the data, may be found in the Novem- Novem- December
ber
ber
1940 Supplement to the Survey
Januarv 1941
1940
January
February
April
March
July
June
May
August
temper : Octol * r
P A P E R AND P R I N T I N G — C o n t i n u e d
PAPER—Continued
i
Book paper: d*
J
Coated paper:
Orders, new
short tons.. 15,990
Orders, unfilled, end of month..
.do
5,204
Production
do
16,045
Percent of standard capacity
58.0
Shipments
short tons.. 16,424
Stocks, end of month
do..
Uncoated paper:
Orders, new
.do
97.667
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, English finish, white, f. o. b. milL-.dol. per 100 lb_.
<i. 3(.i
Production-.-short tons.. 99, 29s
Percent of standard capacity
7fc 3
Shipments
short tons,. 95,074
Stocks, end of month
do
<>8,
Fine paper:!
Orders, new
do.
Orders, unfilled, end of month
do.
Production
do_
Shipments
do.
Stocks, end of month
do.
Wrapping paper:f
Orders, new
do~
Orders, unfilled, end of month
do.
Production
do.
Shipmen ts
. do~
Stocks, end of month
do,
Newsprint:
Canada:
Exports
do
270. ,-,si;
Production
. d o . . . . 2S2.:<U
Shipments from mills
.
..do....
Stocks, at mills, end of month
do
17
United States:
i
Consumption by publishers
. d o . . _i -51.157
Imports
do . . | 25T.02O
Price, rolls (N. Y.)
dol. per short ton
.
M». •><)
Production
.
short ton5?
S5. 33;
Shipments from m i l l s . . . . . .
. do.
Stocks, end of month:
At mills
.
. . _ d<•
At publishers
do.
In transit to publishers
do.
Paperboard:
j
Consumption, waste paper..
do ._ ; 322.991
Orders, new
.
. . d o _..| *!?*•-«>i 1
Orders, unfilled, end of month
do . . . j 12s J J 2
Production
_.
do j i n . 2 . 1
Percent of capacity
. . . . ' >! 75 7
Waste paper stocks, at mills
short fun?
-'< > •>-'"
15, 754
8,853
24,464
90.9
22,864
16, 134
|
!
|
101,097 j 102,430
68,694 j 61,368
5.70
117,290
93.6
117,079
51,010
14, 594
3, 975
14, 101
55.3
15,479
13. 949
19, 231
6,624
17, 560
64.6
16, 693
15, 076
91,400 I 85,546 I 98.783
47,479 1 41,760 j 41,804
106,471
48,031
123,379 j 119,300 I 90,251
61,758 | 66,165 | 54,432
5.95
101,422
82.8
100, 687
58, 375
5.95
5.95
6.23
115,351 i 109,905 ! 106.715
84.1
91.7
88. t
! 109,723 114,727 106, 572
! 62,972
59,511
60, 424
14,532 j 14,998
4. 154 j
3, 757
20,938
16, 227
SO. 9 I
56. 4
20, 898
16, 13*3
.16,151
16, C65
|
!
5.89
! 110,731
I 91.9
I 110,950
| 51,783
5.95
109,936
84.4
103,999
55,249
35, 057
22,011
44, 856
42, 757
61,110
38.245
16.292
45,429
43,308
67,765
15, 105
4, 084
14,925
55.5 |
15,667 !
15,966 |
21,195 | 20, 359
7,807 I 8,618
20,928
19,717
72.1
74.0
20,107
20,695
16, H O
15^089 |
;
5. 95
! 100, 090
i
83. 1
I 95, 403
I 59, 876
5. 95
98, 186
79.6
99, 065
58, 483
!
!
j
|
i
38,
15,
39,
39,
64,
150
697
756
095
730
147, 507 131,901
77,850 i 65, 994
173,923 | 149,600
163,769 ! 142,975
86,656
90,903
140,
62,
148,
145,
91,
035
586
805
044
935
205, 323
111,026
159,001
155, 651
92, 309
253, 997 255, 259 I 225, 752 187, 990
288, 726 ij 240,
'Ziu, 656
6i>i3 Ii 251,
2oi, 032
WJ | 231, 823
205,
251,
235,
212,
655
279
304
737
263, S84 j 301,
268,947 j 323.
267,134 j 334,
214,550 I 203,
240, 571
261,667
50. 00
78, 886
81,410
254, 781
230, 094
50. 00
77, 836
78, 283
251, 269
176. 887
50. 00
13. 399
295, 675
50. 704
12,952
16,119
284, 283 I 285, 776
43,948 I 42,760
37,131 j
28, 444
48, 824
47, 534
58, 878
155,156
108, 704
176,037
183, 087
80, 603
150,
93,
165,
168,
78,
064
528
575
365
219
35, 977
15,620
39, 959
37, 807
64,988 i
287,869 ! 264,620 i 244,273 | 211,322
193,466 j 109,502 ! 176,261 196,762
218,488
216,095
198,760 I 181,344
50.00 I 50.00
84, 126
SI, 455
80,959 ! 79,972
85. 143
86,930
17, 602
278. 306
38, 061
15. 815
24fi, 228
38. 727
205, 060
307. 807
115. 266
399, 970
"0.8
242
279. 402
392,794
110,039
406.922
69. i
241,074
48,
20,
42,
41,
64,
244, 181
224, 401
50. 00
86, 277
85,412
IS, 334
5. I0S
IS, 163
.13.570
15.024
62. 5
19, 431
14. 15N
94.183 M M ™
4(1,206 j 43.337
101, 660
41,334
4, 852
17,333
59. 7
17,038
15,331
106,091. !
78. X I
103,839
63. 505
6.30
•S9. 512
77. S
91.937
59, 6S6
106. 4S2
SO. 9
103.493
' 35.310
' 17. SW3
•37. 399
' 36.381
• 63. 16(1
11.643
16. 534
44.695
43. 323
64. 159
0.30 I
49.831
30, 335
43, 489
45, 770
61,901
36,180
24, 388
42, 899
43, 086
60, 750
34,687
18,817
43,418
41.412
f>2. 294
197,542 i 163.646
120,953 115,997
178,472 164,077
188,088 168,415
83,505 I 79,929
152,019
102,149
168, 567
167,708
80, 961
141. 049
81.622
166. 125
164,852
81,774
133. 3Sl
105.209
73,354 I 70.590
,
162,492
140, 404
159.429
14J.373
SI. 50S
80, 398
52,921 :
26,224 !
46,065
47,504 |
63, 797 I
209
611
260
455
913
13, 520
4. S45
.13,672
1 4 , 89i'»
15,321
5, 561
19, 487
69.7
19,615
14,927
209
563
441
672
320, 655
315,343
338,446
180,569
318.841
332', 689
337, 508
175, 750
301,654
316.607
332, 234
160, 123
301.293
282,322
284. 133
158,312
309, 957
287. 943
180.320
257, 565
262, 983
50.00
90, 207
88, 912
241,639
254,920
50.00
84,762
85,194
206,913
! 261,727
i 50.00
I 82,579
I 86,229
213,105
258. 055
50. 00
80 033
238. 176
239.679
50.00
77.888
77, 470
! 201.028
i 229, 561
I 50.00
| 88. 192
I 88. 774
17. 543
257., 567
47, 435
13,893
318, 609
44 ; 679
18,812
361.179
46. 245
19.230 ! 18.648
364.207
339.211
45,919 I 42,039
324, 448
437, 874
195, 037
440, 725
77.8
240, 039
299, 781
398. 191
160,541
429.561
70.3
251,823
317, 909
414,966
131, S90
452. 604
73. 9
245, 37S
283. 660
399. 133
131.242
402, 54S
71. 2
16,680 I 17, 975
238,670 I 247, 206
42,329
43,312
SI, 714
i
339,335
414.224 I 393.123
204,800
173,212
482, 80S
429, IOC
81. S
72. 6
21". 850 j 247. 30a
280, 033
398, 125
140, 269
430, 895
72. 1
237, 490
| 291, 285
| 480,250
j 166,830
417,566
i
70. 9
I 225,577
338,241
517,221 !
204,249
470. 244
77. 1
235, 706
333.739
4S6.lsi
140.027
473. 169
245, Os,-, 249 S6U
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
.
reams..
Paperboard shipping boxes:
Shipments, total
mil. of sq. f t . .
Corrugated
.
do_.___
Solid
fiber
do
95.478
87,504 ; 74,389 i 90,003 j 86.712 • 95,362 j 91,707
2,997 ( 2,552 ! 2,615
2,820 ! 2,370
2.444
183
177 !
171
2, 403
2. 266
137
2,524 |
2,380 !
144 i
2,618
2,467
151
1,023 '
805
218
1.379 i
1.126 i
253 j
953
807
146
84,253 i 82,324
2,999 |
[
2.821 i
I
US, 135 I 101, 125
178 |
PRINTING
Book publication, total
no. of e d i t i o n s . . ;
t. 027
N e w books.. _„
do
'•
9lt;
!
N e w editions
_.do
HI
C o n t i n u o u s form s t a t i o n e r y , n e w orders
t h o u s . of sets..._ 157, 474
Operations ( p r o d u c t i v e activity)____ 1923 = 100_Sales books, n e w orders
t h o u s . of books...! 17, 405
8S5 :.
786 '
99
819
133
569 i
112 :
746
655
91
717 i
(508 '
108 •
949 !
812 !
137
144.291 ; 134.604 140,403 129.102 ! 128,245 I 137,820 j 142,780 I 163,493 139,161
82 •
86 :
84 i
86 i
80 S
78 i
80 |
75 i
79
19,387
15,596 : 18,361 '• 15,910 i 17,399 ! 17,387 ; 18,537 I 17,999 I 18,203
921
745
176
.166
137,202 ! 162.347 I 170. S2s
i.....
. ;. .
18,740 i 16,940 1 18.559
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER
('rude rubber:
Consumption, total
long tons
For tires and tubes )quarterly")..
-do
Imports, total, includng latexf
do. .
Price, smoked sheets (N. Y.)-----dol. per lb
Shipments, worlds .
long tons
Stocks, world, end'of month. _.
'.do
Afloat, total
_.
„. do
For United States
,
do „
London and Liverpool
do
British Malaya.
do
United States
____do
Reclaimed rubber:
Consumption
.
.__
1i
Production
.....
1o
Stocks, end of month
.
d
Scrap rubber consumption _.. „„ „ .... . . J o
r
5 677
, 86
202
n
000
000
041
671
• 205
49 832
40 65
I1") fi)
71 f ' l
72 4 %
200
1 H) |
s t
1
) 000 434 i 00 4^0 0f0
I J2 0^1 I 175 000 1°3 000
r
90 2 ^ 112 •>-),
U 0^
It) 000
31 000
20 000
"0 214
9f 4 s
12 8°
142 >*7
1 " 0~0
'39
'1 2 i
4- f4
1" )92
2S 60-
>0 l'>2
F
51,619 |
0 H
700
192
r i 4 31 '
212
4b r 0f
If v !
53 8S9
222
1 M) \ 1
000 471 0")0 ' 501 O'O
444 00")
000 I 2'0 000 °3 ut )
211 000
11° 619 I 102 557 101 364 ,
o > 00n J 21 0 ( P I \% 500
"•S 000
92 89"
i2 0.4
7S 02O
142 «>2 i Ib2 4<4 1 "• * 1 4 M (lt;8 24 >
i > 931
17 23 i
28 4Ss
4, 0^7
i
J 7H .
17 552
2b 3 ) . '
: > «4i
16 631
2« 327
39,844
rq 474
Ml
1 1,
II
is
1
'
SI OOO
!•» 000
OOO
2 0 000 I 2
141 2S(
V n n
SO f 00
M 00
VQ 'OS
1
1 298
14 U
28, O-J8
1)3
x
,
j
I
|
U
I >
Of I)
00 I
I
It
H I
11 1'x
(I ' s ~
Revised.
t R e v i s e d series. F o r revised d a t a for fine a n d w r a p p i n g papers b e s i n n i n s 1934, see table 43, p p . 12 and 13, of the N o v e m b e r 1940 S u r v e y .
t F o r m o n t h l y d a t a beginning 1913 corresponding to t h e m o n t h l y averages on p . 148 of the 1940 S u p p l e m e n t , see table 28. p.18. of t h e M a y 1940 S u r v e y ,
cfln recent m o n t h s t h e n u m b e r of companies reporting ha^ fluctuated to such an extent t h a t tonnage figures are n o t c o m p a r a b l e from m o n t h to m o n t h .
§Beginniny w i t h this issue of t h e S u r v e y , d a t a for world s h i p m e n t s of crude r u b b e r are from the Statistical Bulletin of the International Rubber Regulations Coin mittcr:
d a t a from this source have been in close agreement with data compiled hy t h e Bureau of Foreiiin and Domestic C o m m e r c e , shown in previous issues of the S u r v e y .
Si:KVKV O F ( 1 l R R K X T
January 1941
Monthly statistics through December 1939. to- J 1940
gether with explanatory notes and references ;
to the sources of the data, may be found in the | Xovem Novem- Decem- j Januber i ber i ary
1940 Supplement to the Survey
i ber
JU'SINKSS
1940
Febru-
March J April j
May
June
July
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Production
thousands - _
Shipments, total
do
Original equipment
do
Replacement equipment.
do
Exports
.
do
Stocks, end of month
do
Inner tubes:
Production
..do
Shipments, total
...do
Exports
do
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
thous. of lb_.
1, 838
5. J:-S7
2, 438
2, 509
' 130
9, us
4. I l l
4, (192
100
7, 055
4, 865
4,278
1,854
2,276
148
8,918
4,469
4, 727
2,613
1,979
135
8,665
4,954 j
4,270 !
1,805 |
2,360 j
105 I
9,348 j
4.888
4,112
1,974
2,037
101
10,124
5,007
4,346
2,050
2,203
93
10, 747
4,508
3,967
127
7, 710
3,784
4,394
92
7,036
4,287 I
4,211
3,810
71
7,897
4,400
3, S27 !
76 |
7,634 !
5.106 '
5,010 |
2,095 i
5,415
5, 720
1,999 I
2,827 I 3,626 I
87 i
96 !
10,881 ; 10,576 |
4,618 I
4,543 !
57 i
8, 258 |
4,114
60
8, 183
5,148
6,927
1,925
4,905
96
8, 881
4,739 |
4,739 !
78
8,243
r
4,075
'• 4. 2S4
858
'• 3,310
110
9,299
4, 359
5,721
74
6, 841
4. 028
4,528
3,737
18,886
•j 7 9 7
-- 4, 703
r
4,24.r>
705
r
3, 425
115
9. 782
' 1.495
' 4,572
1.465
r
3.1)01
106
' 9, S90
'• 3. 615
•• 3 .
5. 0S2
5, 501
3,081
15S
9, 44S
4.557
4, 878
124
7.647
991
89
90
7, 094
7. 802
323
4,567
17,641
io!380
11.232
12, 712
7.8
14.018
21, 549
I5S
14,741
921
' 19,
' 4'.829
84
7.950
75, 799
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
thous. of pairs.,
.
do
do
6,049
5, 473
15,195
5, 044
6,389
15,018
5,376
4,185
16,388
5,062
4, 761
15. 319
4,869 I
5,128 5, 075
3,862
4,532 | 3,902
15,656 S 16,881
18, 095
4.583
1,010
o,2()(i
SON i
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity...
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bM..'j; 12.689
59.9
thous. of bbL_ 10,329
do
20,309
do ..
4.500
11,053
52.2
10,147
20, 779
4,824
9.488
42.9
6,785
23. 453
5. 165
5, 041
24.8
4, 907
25.894
6, 304
6, 205
28.6
3,893
25, 759
5, 617
7,918
36. 3
7.716
26.118
6.4S7
W, 043
47.5
10, 829
25, 348
6, 60(5
12, 633
58.0
13.20G
24,758
6,071
12, 490
58.9
12., 290
)6.0
13 223
24 010
907
13]442
726
743
282
790
788
284
992
929
282
22,855
5, 559
13, 105
1. 8
T (
' 13 93 r
S3. 7
' 15 77(
' 1800!
'•4 47!
CLAY PRODUCTS
Bathroom accessories:
Production
-thous. of pieces
Shipments
Stocks, end of month,..
do
Common brick:
Price, wholesale, composite, f. o, b. plan I.
dol. per thous.
Shipments
t hoi is. o f brick.
Stocks, end of month,
do
Face brick:
Shipments
<!o .
Stocks, end of month
do __
Floor and wall tile shipments:
Quantity
thous. of sq. ft.
Value
thous. of dol Hollow building tile:
Shipments
.
short tons
Stocks, end of month
do._.
Vitrified paving brick:
Shipments
thous. of brick.
Stocks, end of month
do...
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
Li quor 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. oi'do/.
Shipments.
.do..
Stocks....
. ... . do
Table, kitchen and householdware.shij >menls
thous. oi" do/.
Plate glass, polished, production.thous. of sq.ft...
Window glass:
Production
thous. of boxes_.
Percent of capacity
GYPSUM AND PRODUCTS
Crude:
Imports
short tons.
Production
do..
Calcined, production
do
Gypsum products sold or used:
Uncalcined
do
Calcined:
Building plasters
_.do
For mfg. and industrial uses
do
Keene's cement
.do
Board and tile, total
thous. of sq. ft.
Lath
do
Tile
do..._
Wallboard
.do . .
r
783
781
285
12.083 ; 12.080
167,329 | 129,252
468,357 | 483,173
12. 112
58,914
503,967
12. 126
84,238
482,690
12. 124
120. 174
449. 425
12. 164
J. 132
i, 786 ; 197, 021
U47 ; 392, 975
12 116
186 472
397 336
193, 479
402, 159
12 094
12. 121
187. 048
182, 785
422. 005 '• 430,430
•442
54, 127 I 37, 645
243,491 ! 257,469
15, 399
282,992
23, 373
281,311
36, 592
279, 900
06.
2,495j
!, 526 ; 262, 463
01 195
253 320
02, 330
250, 730
01 490 r (50. 977
248 53 1 ' 250,017
70 47f
242 717
89, 810
357, 266
94,442 I '' 85, 707
357, 421 I' 382, 000
4,868
1,337
4, 271
1,173
4.028
1,092
3,658
945
781
1, 165
88, 422
339, 038
67, 659
362, 492
38, 882
366, 680
49, 606
355, 041
60, 993
351, 726
1, 089
42, 374
2, 096
42, 159
4,046 i
65.0 !
3,076 i
104 i
5>.>2
28
119 i
129 !
736 :
995 !
4, 263
61.6
3, 726
4. 123
64.3
3, 831
160
796
38
143
125
560
179
791
45
205
143
646
1,412
1,368
2 1 5 '•
293
274
168
2
2, 654
43, 384
9. 432
3. 056
2. 80 1
8, !00
3, 055
2. 700
7,387
2. 052
3, 034
15,812
2, 663
18,477
2, 779
17, 257
1. 143
70.5
1, 189
73.2
1.413
87. 1
3,006
10,059
)
(
'
•
(!)
(1 )
)
749
710
271
4,300
69.1
3,888
144
662
40
92
104
1.015
1,351
281
184
3
8, 374
4, 078
170
808
31
J2(i
102
1, 137
1. 230
258
197
,
(
(
S33
788
281
5,885
42, 261
4,352
07. 0
( }
1.043
S77
268
1, 022
958
375
182
182 i
2 !
3
9,237 j 9, 601
j, 428 I
,341 ;
79, 089
361, 060
4,584 j 4,701
70.5
68.8 i
4,339 I
4,763
211 ;
248
955
883 i
37 I
37 i
41
356 ;
510 !
637
206 !
295 I
397
689 I
637 i
617
i.3i)0 : 1.254 !
1,269
306 :
319 ;
317
170 !
200
171 I
59
18 |
10.078 ! 10.234 j 10,078
4,429
69.1
5, 230
281
932
31
640
781
842
1,131
273
200
102
9,180
3. 877
4, 018
3,04s
3,028
7. 500
2. 745 ! 2, 60S
12,307 | 11,721
2, 185
9,783
3. 995 j
3, 974 !
7. 708 \
530,089 I
813,129 1
688,986 j
!
1, 107 !
68.2 !
••
230,207 !
!
394,592 |
30,898 I
I
I
5,955
396,580
290,358
7,335
98,Sb7
i
:
•
i
I
!
'
..
2, ss3 I
14,302 !
:;. 0-17
13,175
i
I
I
081
019 j
6 I
J 172,869 i
i 584.027 j_
;
577,799 i
i
1,023 |
63.1 !
1,068
65.8
(i )
}
(
12 147
214 441
90S
313,340 '
917,234
869,174
90, 532
381,997
7.09!
6,148 j 8,383 |
43,383 j 37,425 | • 31.738
4, 804
70. 3
4.810
423
950
40
1, 070
73. 3
, (553
057
,016
34
304
!
•
*
,
820
879
32
145
ISO
150
100
105
1,028
1, 008
323
201
14
9, 247
91
720
1, 28!
313
208
49
-504
208
100
055
3,887
3, 042
3,841 i
3, 4o(l
3,813 I
3, 331
7. ."97 I
7, 737
994
01. 1
3, 325
j 2, 533
2, 047
14,091
993
61.]
1, 002
61. 7
3. 703
17, 070
1,128 Sf,2 \
909,
i
263,028
J"0 IN)
509,002
30,444
I 5.819 j
__|
! 7,303
__! 335,530 I
\
j 519,707
! 235,890 !
I
j 384,195
!
6,296 ;
.... .. . ! 8,329
. 93,314 .. .
I 127.243
IK) VII{)
..! 131,547 !
! 344,553 I
! 29,951 !
29
V,",,1)
^i
7)1'
l
"
12
s 17
•>
1 U). >7<
-
2
Revised.
i Series d i s c o n t i n u e d b y r e p o r t i n g source.
T e m p o r a r i ! ; - s u s p e n d e d l>y r e p o r t i n g s o u r c e .
* N e w s e r i e s . D a t a for g l a s s c o n t a i n e r s b e ^ i n n i n u . l a o u a r y 1934 a r e s h o w o in t a b l e 19, p p . iO ;ind 17, <>! i h e \ o \ e m b e r 1940 i s s u e earlier data on glasswar e oilier thiiu
t a i n e r s a r e s h o w n i n t a b l e 2, p . 17, of i Mis issue.
21 (
(2)
062
648
4,606 !
69.1 |
4,229 |
199 :
872 i
7. 390
12. 101
,716
,389
42,953 ; 43,914
9, 807
(')
()
1.349
83. 1
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939,
1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1939
January 1941
1940
Noveni- December
ber
January
February
March
April
May
June
10, 660
10, 108
25, 854
9,711 I 9,418
8. 835
9, 244
26, 730
26, 558
July
SepAugust tember
October
TEXTILE PRODUCTS
CLOTHING
Hosiery:
|
Production
...tbous. of dozen pairs..I 12,570
Shipments
.
do
! 12.1*75
Stocks, end of month
do___..! 22. til2
12,987 i 10,411
12.451 I 10,259
24,482 i 24,658
11,702
11, 149
25,212
11,334
11,097 I 10,679
11,422 ! 11,465
10, 133
25,124
24, 756
25, 302
11,174 : U.
12,396 i 12,
25,335 I 23.
!
COTTON
!
•, oss
Consumx)tion
.bales.. j
Exports (excluding linters)
do j
. 710
Imports (excluding linters)
do j
'. 020
Prices received by farmers
dol. per lb__|
. 091
Price, wholesale, middling (New York) do !
. KM)
Production:
|
Ginnings (running bales) • -.thous. of bales._!
Crop estimate, equivalent 500-1 b. bales do j
Stocks, domestic cotton in the United States, I
total §
thous. of bales.. |On farms and in transit...
do i
Warehouses
do.. _ _ i
Mills
.
._.-..do
|
I
COTTON MANUFACTURES
|
Cotton cloth:
Exports
...thous. of sq. y d . . 29, 0">4
i t , 420
Imports
do
Prices, wholesale:
14. 2 i
Mill margins.
cents per lb...
.054
Print cloth, 64 x CO
dol. per yd. _
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth:
Production:
Bleached, plain
thous. of yd..
Dyed, colors.
do
Dyed, black
.
do
Printed
do
Spindle activity:
Active spindles
thousands._ 22. CM)
Active spindle hrs., total
mil. of hrs,. \ul i
Average per spindle in place...
hours..
Operations
pet. of capacity..
Cotton yarn, wholesale prices:
22/1, cones (factory)
..dol. perlb_.
40/s, southern, single, carded, Boston
do
RAYON AND SILK
Rayon:
35. 0
Deliveries (consumption), yarn*_-.mil. of lb..
1, 570
Imports
thous. of lb..
Price, wholesale, 150 denier, first quality
. 53
(N. Y.)
dol. perlbi.
0. 2
Stocks, yarn, end of mo.t
mil. of lb..
Silk:
30,
374
Deliveries (consumption)
bales..
7, 219
Imports, raw
thous. of lb_.
Price, wholesale, raw, Japanese. 13-15 (N.Y.)
dol. per lb..
Stocks, end of month:
Total visible stocks
bales.. 195, 330
()0, 330
United States (warehouses)
do
718,719
583, G44
10, (179
. 088
. 098
650,123 i 731, 793
80(3. 720 I 1,035,416
9,667 j 8,717
. 097
.101
.110
.111
11, 110 j 11, 276
11,412
!
1—
19,460 j
••2,209
15, 457
1, 734
661,771
746, 680
36, 613
.100
.111
627, 194 623,098 641, 636
433, 842 344, 609 226, 469
9, 504
14, 292
11, 096
.100
.098
. 100
.102
.109
.109
565,416
133, 530
12, 374
.095
.107
i 11,481
_ . | i 11,816
r 18,103 • 16, 356 15,002 • 13, 907
' 1, 454
't 1,739
r 14, 552 r 13, 173 * 12, 150 ' 11,37*
• 1, 812 ' 1, 729 r 1, 660
1,547
35. 564
11,859
37,899 I
16, 322
33,311
10, 332
33, 346
9, 415
34, 865
4,808
14. 93
,053
.068
13. 61
.053
.066
13. 36
. 054
.065
12.25
.051
062
11. 59
.049
.058
622, 723
136,751
18, 254
.095
.104
3,921
11.400
10,619
r
753
620
' 9, 545
9, 086
•' 1, 102
913
22,316
12,551
9, 085
680
21. Ms
10.2(13
10. 703
:8, 470
24, 627
6,329
26, 288
4,767
24, 409
5,216
24,4]3
6, 919
11.37
.047
.058
10.68
.046
.057
11.00
.047
.058
11.23
.048
.058
12.26
. 050
. 059
12,940 ' 12, 094
»• 773
-821
' 10, 699 • 10, 058
r 1, 420 r 1, 263
11.40
. 050
.059
.097
606
32
34, 943
5,813
654,503 OK 212
64,743 ; 9i). 5 ")5
3, 991
10, 153
.092 I . 092
1
165,624
123, 154
6,
117,393
152, 215
109,419
5, 524
113, 100
139, 289
101,511
4, 597
111,666
129,174
100, 707
4, 581
106, 916
127,278
103, 328
5,060
110,882
127, 614
97,199
4,776
103, 563
126.968
89^ 204
4,889
98, 336
109,278
78, 468
4,612
80, 744
120.709
92,116
6,491
88,482
129.250
129,912
154.479
102,085 I 10b. 029 120,010
6, 786 I 5, 924 i *>. 238
100,752 I 104,315 j 110,057
22, 785
8,810
'AC'A
101.4
22, 780
8,040
322
100.7
22, 880
9, 245
370
102.8
22, 801
8 267
331
99.7
22, 553
7, 920
31s
94.6
22, 289
7, 995
321
92.0
22, 213
8, 035
324
89.4
21,955
6, 960
••281
21,919
7, 548
305
86.6
22,078 ! 22,278 j 22.457
7, 872 |
7. 807 j 9, 270
318
320 |
378
90.4
90.7 | 103.3
. 279
.378
.274
.378
.272
.375
.255
. 350
.248
.344
.228
.338
.222
.338
.219
.321
. 227
!325
33.3
5,677
32.0
6,750
31.8
5,104
29.8
2,607
29.8
1,279
31.1
1,962
32.2
571
31.4
669
32.1
391
34.0
.53
7.7
.53
6.4
.53
7.0
.53
8.3
.53
10.4
.53
11.7
.53
12.5
.53
12.8
.53
11.1
.53
9.9
.53
8.3
32, 241
5, 423
21, 128
5,322
29, 506
4,972
22, 485
2,175
21, 685
2,213
21, 740
2,494
18, 997
2,925
17,307
2,356
22,766
3,827
30,189
4,761
28,828
3,739
2.540
2. 529
2.561
90,122
41,822
115,111
43,211
151, 698
46,898
172, 254
44, 454
3.394
3. 921
3.683
3.061
2.951
2.681
2.794
92, 527
41,927
109, 110
55, 610
87, 025
59, 225
83. 306
50, 306
87, 087
45, 887
85, 798
42, 698
92, 485
43, 285
.227 j
.325 |
441 I
30. 9
224
WOOL
16,099
18, 666
22,909
26, 035
45, 082
37, 212
22,065
21, 831
38, 529
17, 502
18, 466
Imports (unmanufactured)
thous. oflb._ 34,031
Consumption (scoured basis) :1
21,302
19, 373
24,799
26, 436
.;>, S2i
22, 378
28,189
28, 009
17, 709
17,471
17,065
28,431
Apparel class
do
7,571
9,238
8,658
8,544
7, 941
9,703
7,340
6,524
6,061
5,798
Carpet class
do
8.' 909
7, 665
Machinery activity (weekly average) A
Looms:
Woolen and worsted:
2. MS
1,407
1,694
2,041
2,046
1,853
1,587
1,129
1,088
1,558
1,209
1,744 !
Broad
thous. of active hours..
103
70
63
00
78
80
58
52
69
58
67
Narrow
.
do..__
19S
213
195
186
149
166
197
183
200
152
125
177 I
Carpet and rug
.do.
Spinning spindles:
0. 421
68,147
80, 428
73, 328
70, 764
55, 888
80,359
83.005 !
74, 381
54, 658
60, 724
72, 506
Woolen
..do
66, 718
103, 487
84,179
71, 344
67, 472
85,527
88,005
51, 750
51,173
61,167
72, 934
Worsted
do
'" 179
133
137
127
87
137
146
158
100
157
94
143
Worsted combs__
.__
do__._
Prices, wholesale:
1.02
1. 10
1.06
.93
.90
.89
1.06
.87
Raw, territory, fine, scoured
dol. per l b . .
.39
.43
.39
.35
.39
.37
.39
Raw, Ohio and Penn.,
fleeces
do..._
.47
. 40
Suiting, unfinished worsted, 13 oz. (at
1.931
1.931
2.178
2.178
2.116
1.931
1.931
1.931
1.931
1.918
mill)
dol. per y d . .
1.5)31
2.178
Women's dress goods, French serge, 54" (at
1.114
1.114
1.163
1.188
1.188
1.158
1.114
1.188
1.114
1.114
mill)
.
dol. per y d . .
1.213
1.163
Worsted yarn, 2/32's, crossbred stock (Boston)
1.415
1.294
1.250
1.256 I 1.288
1.300
1.300
1.338
1.290
dol. per lb__
1. 456
31, 759
44,896
30, 278 ! 29, 901
13, 553
•:>. 123
52,905
Receipts at Boston, total
.
thous. of l b . .
(3)
09
4, 678
4,040
25, 214
41, 790
22,540 j 22,912
3,247
8,104
44,472
Domestic
.do.....
0, 32S
5, 601
5, 342
5,449
6,544
3,106
7,738 I 7,049
8,433
3
Foreign
do
)
P)
Stocks, scoured basis, end of quarter, total
109, 533
98, 860
12R, 585
127,423
thous. of l b . .
44, 286
41,815
47, 508
41,233
Woolen wools, total
.__
do.—
31,102
28,181
35,183
29,378
Domestic
___do____
13,634 j .
13,184
12,325
11,855
Foreign
do
65, 24;
57,045 j .
81,077
86, 190
Worsted wools, total
„
do
29,776
22,825 L
59,436
57. 201
Domestic
do.._.
35,471
34,220 I.
21,641
28, 989
Foreign
do....
r
Revised.
•Total ginnings to end ofJ month indicated.
i Total ginnings of 1939 crop.
1
December 1 estimate of 1940 crop.
Not available.
IData forfJanuary, April, July, and October, 1940. are for 5 weeks; other months, 4 weeks.
t Monthly data beginning January 1930, corresponding to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
*NPW series. For monthly data on rayon yarn deliveries beginning 1923, see table 41, p. 16 of the October 1940 issue.
§ Minor revisions for August-October 1939 are available upon request.
.257
.355
SURVEY OF CURRENT BUSINESS
January 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
February
March
April
May
June
July
SepAugust tember
October
TEXTILE PRODUCTS—-Continued
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity...
Stocks, end of month....thous. of gross__
Fur, sales by dealers
thous. of dol_.
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of rno.-thous. Jinear yd...
Pyroxylin spread...
thous. of lb._
Shipments, billed
.thous. linear yd__
44.0
5.927
2, 047
*• 2, 404
30.4
6,014
1,334
35.7
6.403
3, 275
34.9
6,431
4,447
38.8
6,498
4, 237
41.0
6, 539
3, 813
40.5
6,541
4,263
28.8
6, 437
2,403
30.4
6,304
3,377
44. G
6, 400
4,273
50. 7
6, 499
' 3, 734
3, 801
5, 776
5, 770
3,132
5,413
5,556
2,797
5,038
6,148
2,886
5,131
5,053
2,398
4,930
4,844
2,227
4,769
4,978
2,118
4,772
5,003
2,040
4,102
4,504
2,244
3,931
4,030
2,807
4, 435
4,430
2, 499
5, 366
5, 353
2, 800
5, l'JS
5. 100
r 1,831
5, S.r; 1
5, 842
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft.... numberExports
.___
. do___
344
62
271
294
241
206
8, 449
93
4,874
2,386
4,901
1,947
4,980
2,258
19, 943
9, 525
10, 418
19,676
10,678
8,998
22, 688
11,885
10,803
23,032
13, 476
9,556
20,145
9,837
10,308
113,941
64,000
49,463
478
134,922
119,637
69, 705
49,408
524
179,930
105,277
59,160
45,617
500
189,184
0)
67
33,737
76
37,869
23,021
10,814
487, 352
407,091
80, 261
1,808
16,756
9,882
351,785
285,252
66,533
1,783
16,976
11,054
452,142
373,804
78,338
2,071
301, 430
40, 018
231,571
41,286
217,400
200, 071
198, 004
181, 421
180,133
162, 881
250
170
298
191
233
295
372
235
4,776 i
2, 611
4,782
2, 797
730
443
4,265
1,521
6, 299
1,382
8,774
3,523
9,877
26,497
10,863
15,634
15, 793
8,184
7,009
17,183
9,307
7,876
14, 609
6,403
8,146
11,203
3.727
7, 536
6, 539
2,339
4, 200
110,371
60,395
49,487
489
187,466
143.483
83,054
59,879
550
212,331
165,304
90, 272
68,380
046
216,818
170,151
96, 518
72,980
654
201,068
166, 922
95, 038
71,241
642
162,101
166,034
92, 744
72, 026
004
141,977
137,901
71,574
05, 774
013
42,1.11
109, 902
55, 797
53,711
454
114,874
59 I
74
31,824
30,600
68
35,358
65
34,135
79
37,619
71
37, 762
0)
0)
0)
0)
0)
17,213
12,579
432,279
362,897
69,382
2,164
18,193
12,779
404,032
337,756
66,276
1,850
16,612
12,025
423, 620
352, 922
70,698
1,918
19, 687
13,487
432, 746
362,139
70,607
1,823
21,277
12,677
391,215
325,676
65,539
1,744
17, 930
14, 408
8,739
3,397
344,636 231,703
286, 040 108, 769
58, 596 62, 934
1,266
825
246,544
37,460
260,216
45,650
224,625
41,336
312,371
53,093
353,239
55,982
345,748
51,553
318,615
43, 504
207, 637
181,088
174, 572
193, 522
196, 747
185, 548
167, 310
183,900
183, 481
171,024
165,820
334
AUTOMOBILES
Exports:
Canada:
Assembled, total
number..
Passenger cars.do
United States:
Assembled, total
.
do
Passenger cars
___.____-_do
Trucks
do
Financing:
Retail purchasers, total.
thous. of dol
New cars
do
Used cars
.
.
do
Unclassified
do____
Wholesale (mfrs. to dealers)
do
Fire-extinguishing equipment, shipments:
Motor apparatus
number..
Hand extinguishers..
do
Production:
Automobiles:
Canada, total
do
Passenger cars
do
United States (factory sales), total
do
Passenger cars
_.__do
Trucks
.....do
Automobile rims__
thous. of rims..
Registrations:
New passenger cars
.
number..
New commercial cars
do.__.
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants
do
United States sales:
To dealers
do
To consumers
do
Accessories and parts, shipments:
Combined index
Jan. 1925 = 100..
Original equipment to vehicle manufacturers
Jan. 1925=100_.
Accessories to wholesalers
___do
Service parts to wholesalers
do
Service equipment to wholesalers
do
()
188, 839
156, 008
164,925
120, 809
160,458
123,874
181,066
174, 625
9, 005
1, 090
8, 859
132
3, ! 02
10, 857
7, 071
9, 780
1
«si' 475
01, 1!33
41)2
13, 993
1, 510
75, 873
40. 823
29, 050
1,075
15, 475
3,410
209, 108
224,470
44,038
1, 350
21, 151
7, 050
493, 223
421,214
72, 009
1, 759
315,246
50, 913
211,031
48, 980
14S, 000
39, 224
290, 495
48, 350
110, 659
24,019
124,092
151. 661
99, 664
173, 212 145, 064
21,154
100, 782
110, 031
97, 527
220,109
1
207, 935
180,010
135
143
178
156
164
170
157
126
151
231
125
ISO
150
154
107
167
91
177
101
127
87
201
91
141
104
167
86
145
118
174
82
158
139
178
91
174
140
162
89
172
131
139
85
165
117
101
93
172
120
147
98
190
120
185
132
200
139
1, 038
1, 641
1,638
1,640
1,643
1,645
1,648
1, 649
1,645
1,642
1, 041
1,042
114
7. 1
30, 084
23, 23*
7, 440
159
9.8
36, 193
28, 116
8,077
154
9.6
37, 049
27,412
9, 637
155
9.6
34, 509
24, 652
9, 857
155
9.6
28,112
19,159
8,953
155
9.6
21,112
13,546
7, 566
160
9.9
17, 460
11,051
6,409
164
10.2
15, 039
9,772
5,267
153
9.5
16. 933
9,974
6,959
144
9.0
19, 705
13,477
6,288
138
8.0
18, 450
12, 278
0,178
131
8. 1
10, X92
9,010
7,882
117
7. 3
27, •459
18, 700
8 ) 759
6, 070
15. 2
110
103
13
6. 985
17.0
44
20
24
6.507
15.9
51
17
34
6, 324
15.5
77
36
41
16.0
70
30
40
6,604
16.2
59
29
30
6,675
16.4
54
32
22
6,781
16.8
6, 653
16.5
97
84
13
6,506
16.2
115
106
9
6, 220
15.5
114
108
6
0, 270
15. 7
130
118
12
0, 155
15. 4
131
122
139
108
28
80
39
7
32
170
144
72
72
44
152
126
70
56
37
2
35
146
124
81
43
35
5
30
232
209
87
122
30
7
23
235
149
199
142
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars, end of mo.:
Number owned
thousands_ _
Undergoing or awaiting classified repairs
thousands. .
Percent of total on line..
Orders, unfilled
cars._
E quipment manufacturers
do.....
Railroad shops
.
do
Locomotives, steam, end of mo.:
Undergoing or awaiting classified repairs
number.Percent of total on line
Orders, unfilled
number._
Equipment manufacturers
..do
Railroad shops
do
1, 038
(U. S. Bureau of the Census)
Locomotives, railroad:
2S4
184
146
155
Orders, unfilled, end of mo., total...number..
158
213
140
112
113
Domestic, total
.do
119
122
27
35
21
Steam
do
40
121
113
92
77
Other
.
.do
79
73
39
35
32
Shipments, domestic, total
do
24
24
6
3
Steam
.
...
.do
5
1
49
33
Other
.
do
32
23
27
1
Temporarily discontinued by reporting source.
.Designation changed from "commercial licensed" or 'civil aircraft" (1940 Supplement)
38 |
109
143
54
8
40
120
125
40
0i
40
208
242
125
117
St'KYI<n OK ( V R k K X T lU'MNKSS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found ir. the
1940 Supplement to the Survey
ifMO j
UV.\U
]
\u\< m-SXovem- Dcceinkr
j nor
ber
HMO
Ai.nl
TRANSPORTATION
RAILWAY EQUIPMENT—Continued
(U. S. Bureau of the Census)
Locomotives, electric, mining, and industrial
(quarterly) :§
Shipments, total . _ . _
number
For mining use
do
(American Railway Car Institute)
Shipments:
Freight cars, total
ruu^'i1
i
Ju.,
1
80 |
j
67
!
7H -i
i
\
'
i |::i
1 W,
4 13', 1
2 'il'.
V '' i •;
'
t
0
1 !
10
4 ;
11 i
10 |
1
|
1 1 ,
4 :
1 1 '
i i
3, 900
5 400
i
I
10 !
ic \
26
9
2 !V \
,V ! 1 "
^
^
13
8
i
'/..'"*>'
I'
' - s
!
;
152 1
J!S i
34 |
140
(!
'
3. 260
3 000
1.580
1 478
;
I'M
2, 354
2,354
1.490
'•'>, 7 ( ) 4
2s
(i
ti
20
IS
14 i
13 |
1 !
10
14
i->
1 '
\
number
dy
.......
do.
--
May
EQUIPMENT—Continued
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
.-
(
!
j
1
Passenger cars, total
. _ _«1«J
Domestic
_ ~
..
_.
do . >
(U. S. Bureau of Foreign and Domestic Con, uurce)
Exports of locomotives, total
number..
Electric
..
- - do..
Steam
do
Shipments total
l)omest'c
Exports
Jannarv 1941
,
12j
\
132 :
0 '
147
137
10
1 iJii
98
11
!12 j
13 !
Kv> ;
121 i
14 :
(')
{')
CANADIAN STATISTICS
Physical volume of business, adjusted:
1
Combined indexc?
.._1926=100..!..
industrial production:
;
Combined indexc?
do
|.
Construction
do
i
Electric power
_.do
|.
Manufacturingc?
do
j_
Forestry cf
do
i
Miningc?
--do
!
Distribution:
I
Combined index
do
i
C arloadings
~
do
j
Exports (v olu me) c?
..do
!.
Imports (volume)c?
do
!
Trade employment
do.... J
Agricultural marketings, adjusted:
|
Combined index
...do
!
Grain
.
do
j
Livestock.
~.-do....__j
Commodity prices:
I
Costof livinst
193.p.-39 = 100...l
Wholesale prices
1926 = 100....!
Employment (first of month, unadjusted):
{
Combined index
do
I
Construction and maintenance
..-do
i
Manufacturing
.do.. !
Mining
do
j
Service
do
!
Trade
...do
•
Transportation....
do
j
Finance*
j
Bank debits
. .
. mil. of d o i
Commercial f .^vie?
,'unilior
l/fc-insurancc <-aies, i w , p u d ft r i-r-iwi iry*
133. 0
13'J. 0
40. 3
248. 1
13<). 9
i
1
1
128.7
23fl 7
12
<>
_ L
115.8
84, 0
114.3
102.1
137.3
(1
1
s
IV 1
1] ) 0
V )
IV
}
f
1
111
^
i r 1
liL 7
0 »
' 10
166.2
S3. 2
iO7
107. 8
84.0
103. S
- 80. 4
1 )>
L39. 2
120. o
.144.0
174.0
.148.8
148. 9
!»3. 5
123.6
117.6
122.1
171.0
135.2
140.2
90. 6
"I
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11
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o r wol
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o;bbi
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$
7 0
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, 17 ' >
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211
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7
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012 1
0
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ft
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-
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s
101
2. 487
109
1< I
- 3
L 2
1 -Jl
' H, \ , < i
t r i i
" H \ ] l
i for\jr
r > u - " ' i < -.'N
ti ' ic > v
r
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it
,
r d f \
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t
^
f ,
\ M ; T L
I'M.-S
\w''
CTKI'MI MI M
t
r"h
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- lii. - i " \ i - c ! o c " ^ ' \< ^
t > » ,
s
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^
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d<^ . i | ' ) s (/I, )
ipjf - 1 0 0
70 .">
do
M 7
"!u>ut»' , - ! ,
.i.o^
thn^
\ c a r u a > a d o p t e d .
us
K l
1 * fi
b ^ )
1
...
' V l l l ' l U}) i ^ P u s l r i ' ' ^ . ' [^ \ > . w . - , ,
caioii<lir
w i t h
I! I
14 _
1
0"
)-> ontimiod b \ rcporiin. ->
'
ll
]
tO IlK'1!! k
SI
! S
i _
1
i
Vn: iron .
.rhoin. el 'OMI U)hSt'">el iijcr')ts 'ind ^'istm -s .
d'>
Wheat fl</ur
tl u> , r n ,
!
8i t
4 0
Si 0
2 «>.'',«)
Operptins: r^^ultsRevenue ireitrhi nrried 1 Tmle n r l . cl forir;
P a w i c i s carried 1 im!e . mil i>! j.'^s
Production*
Electric povu'i, cmtrui ^t^tion^
t o i " » 0 , i ' i e <" J I "
|
s j
31 i 1
1 H
2 " , 1 1H
c?Prior
H
1
1
M2 1
-s
161.1
1
Pt'Ciinty issiu - and p i v s:
New bond issues, tori I
Kond yields. _
Common sto."k pr^cs
Foreign trade S
E\ports, total
^heat
Vhoat iloiK
Imports. . . .
Railways:
Carloadings
Financial lcsults:
Op^ralin? re\«iT)uec" . ..
S7
t
s
12 > 7
10
»l 0
s 7
1
1
\ 2
!
> '
t'l'
- o ; n M,
* c ^
f
.•
-1 u
bl
n
!>]( <M1 T^ L^anical, and gasotod -tito<: manufacture.
I, r n i period in an attempt
p i n i i \ o ] r coinciding with
*T( al increase as compared
'ir ^ ir< crmponent factors.
» t \jv( and computed on
INDEX TO MONTHLY BUSINESS STATISTICS
I.AiSlFlCATION, BY SECTIONS
Page
%. "~~(iiy ousiness statistics:
"> s i e s s ? n d e x e f e
5
_
.
. . . _ . . ,
19
21
22
24
._
»*iL i t d i t v p n « e s . __ -
*"
^ s' 'li'-tion and real estate.1!
> nestie irade __
. ,:
r- - p: s^ merit conditions and
i* t*f»* e
• »rc«/iJ tr&c*
I "is^jftbtion
t*ii.t-.»"i
on
„.
25
30
36
and coramunicaindividual
37
indus-
39
41
41
45
46
47
>. -mKais and allied products.
E «ft - tn power and &ca . „ _ - .
' ^ df*nrfs and tobacro
r Is and byproducts
L^i'thT and products- . . . .
" uf il>ftr and manufactures..
\U»a * and raanufectares:
J on and steel. _.»
...
Not-ferrous metal 3 and product s
Machinery and apparatus.
: -t)f•- and printing.- . . . . .
Kut't»eE nnd products.
.
"*'.m, clay, and glass products.
1 >«^jie products
|
48
49
50
51
52
53
54
55
56
Tz. r.spo^ta^ion fqaipirent......
* u 'iitn etat'Stics
*:J< I H C A T I O N . BY INDIVIDUAL
SERIES
Page
,s - »,>er an*! 4 loth (coated,.. ...
..
52
V
-V r - , < j." hapkfia'
-.—_—
.
30
i» ~s> . - in J parti -Automobile
33,55
v:,,* . v1{ JI
.
„„
24
uu
i d cash income- ....
.
19
**,r i1* <a*, pioducts (export indexes)-36
A ? J . «t . y vages. loans
. — — 29,30
A.sr-».< t .' i ni:ig equipment..
._
50
-1 r n > s .-n ju-lme opejatiom.
24,38
\-..i '
_ 19,20,26,28,55
\\ -tu > e:iatured, rthvl, m c t h a n o l . . .
39
Al-i'u, .
. . .
—
— —
49
V'i f.
",** greases
.
_ — — - — ._
39
Anthr
^
- 20,21,27,28,45
Mn.i" ( v^-jrag
.
..21,22,24,26,28,54
A-1'"
—
46
\ * ,^it.t• ies» . .
. I1), 20 2 1 , 2 4 , 2 6 , 2 8 , 2 9 , 5 5
,) ,rV>
.
....
42
*3cit'if ii A< c* viones .
. . ~__
„
53
li'a..r, - f * u
._.49
fc
k»H , , J , v il
--.
- —
44
j * v , t^«* #K oh'4ic
...
..._„_„
41
*J- .!•, : . . . i w , a
20,21,27,28,45
H i)..
,
.
_ . .__ —
.. 48,49
3 i.i" »••{-*«». sales, value, y i e l d s . .
. . - 34,35
H • A , t ktif- on
. . —_-_.
52
:•* *,»
- ie.
. _ — —
52
S , * , . b-oua-e .
-..
...._— —
50
**'•
ir
..._. ——
53
i >»vfi*« i nib
_ _ . . — . — — 31,35
'I i i .-* o*itia**t3 Hwarded
„—_.
22
B Hi w
IH
„
.
23
r
i i,a *,-xppnditureH (indexes;. . - _ - - - _ - - _
22
H'nJ. 1 ^ >v»:eri-ai pr-ees
....
.- —
21
liatir
. ..
,
......
42
V ir •> i -stuhsiKS.
.
56
i > n t I-,,
. _. _ _.
.
...
38
,t,i>ons
-
1* '»»ve USCT
i ,> /«-s
.
il^B'ic products .
-
- 34,35
35
-,« 1 . . . "
1"II — I I I - I 37,38
„... —
.
..
43
„_
40
19,20,21,53
.Maes . . _.
.24,25
42
„ _ 19,20,21,26,28,29,31,33,39
i lpirertes. . . . . .
......
...
45
e employees. .
.
27
.. :s . . .
, . . . 19,20,26,28,29,53
. . . . . 21,22,24,26,28,29
.
. . ..
. . 20,21,27,28,45
^.
......
~» >.-.—————
44
—
45
«: .Jr>
u ia?lure» . .
L .u. -. a3 paper-.
i.«. i.- ' . o.;.
»
— . „ — 31
. . . — . . . 30,31
i * >» T ' 1 tu B vyir*lt*ci
22
. .-^
-, — — —
23
.1 * - jva and Rrade c r o s s i n g s . . . . . . . . . . . 22,23
Vy,. t ' - t ^ . .
— 29,30
' v *--
. .
-
..
—.....
49
t. fh
•< -\xonm oil.„ . >.
---_
40
:; •.
„
42
C-> J i \ ii e index,
_..._.-_.
21
C ' " • • dw taid manufacimes. . . . . 2 0 , 2 1 , 2 2 , 5 4
C nt .•«*•** 1, \tiice antJ aicai oil. .
-._.-__
40
*-*
19,40,42,43,45,54
T> <]rcu'atioi*
.
.
.
32
r«*',' . It •**
......———
42
J
Digitized
•»f for
" * , FRASER
r'rf
—
— —
30
C i «-
Page
Newsprint
53
New York, employment, pay rolls, wages,
canal traffic
26, 27, 28, 29
New York Stock Exchange
35,36
Deposits, bank
30,31
Oats
!
42
Disputes, industrial
27
Ohio, employment
„ — . - 26
Dividend declarator y lyniwrs sin<3 rates.., 19,36
Oils and fats
39,40
Earnings, factory, a\crnge weekly and
Oleomargarine
.
.
40
hourly
28,29,30
Orders and shipments, manufacturers
. . . 20
Eggs and chickens
19,21,44
Paint sales
40
Electrical equipment
20,
Paper and pulp
19, 20, 21, 22, 26, 28, 29, 51, 52
21, 2% 2-, 20, 27,28, 29,51
Passenger-car sales index—.
24
Electric power, production,, Shle« jrev<"nues..
41
Passports issued
38
Employment:
Pay rolls:
Cities and States
- 26,27
Factory
27, 28
Factory
25,26,27
Factory, by cities and States
28
Nonmanufacturiai .
,_
27
Nonmanufacturing industries
28
Emigration and ixEtntgMtiwri. . . _.
38
Pennsylvania, employment, pay rolls, wages. 26,
Engineering construe:tbn
22
28,29
Exchange rates, foreign
..
32
Petroleum and products
19,
Expenditures, United States Qtr- ernment-..
33
20, 21, 26, 27. 28, 29,46
Explosives
39
Pig iron
48
Exports
36,37
Porcelain enameled products
49
Factory employment, pay toll-, \ agea.
25,
Pork
44
2^,27,28,29,30
Postal business
24
Fairchild's retail price it-c!«x. . . _ .,
21
Postal savings
31
Farm wages
„
29
Poultry and eggs
19,21,44
Farm prices, index
21
Prices (see also individual commodities):
Federal Government, finst noes . . .
„ 33,34
Retail indexes
21
Federal-aid highways and grade 'T09s;ngi.. 22,23
Wholesale indexes.
21,22
Federal Reserve banks, onndition of
..
30
Printing
19,20,26,28,29,52
Federal Reserve reporting memr^r osnks-.. 30,31
Profits, corporation
. .
.
33
Fertilizers.-39
Public relief
30
Fire-extinguishing equipment . . . . .
55
Public utilities
22,27,28,32,33,35,36
Fire losses—_
23
Pullman C o . - .
-— 38
Fish oils and nth
39,44
Pumps... . . .
. . 50,51
Flaxseed
.
40
Purchasing power of the dollar
. .
22
Flooring, oak, maple i e* h, aitJ >ir h
47
Radiators
48,50
Flour, wheat.. >
. . .
43
Radio, advertising
.- 24
Food products . . _
~ 19, 20, 21,
Railways, operations, equipment, financial
22,24 M>, 28 W, 3^,3 , 3 , ,41, 42, 43,44
statistics, employment, wages
19,
Footwear
V,2 ,21,26,28,29,47
20,27,29,37,38,55,56
Foreclosures, real cstatt
_ . _
23
Railways,
street
(see
street
railways,
etc.)
Foundry equip incnt.
50
Ranges, electric.
51
Freight cars (equipment) . _ _
55
Rayon
.——
20,22,54
Freight carload tags e&r^ mtirKts .
37,38
Reconstruction Finance Corporation, loans
Freight-car sui plus
- _ 38
outstanding .
.
33,34
Fruits and vegetabien
21,42
Refrigerators, electric, household
51
Fuel equipment _ .
. . . .
50
Registrations,
automobiles—
.
.
.
.
55
Fuels
. . . 2C, 21,31,45,46
Rents (housing), index
21
Furniture
._ 48,49
Retail trade:
Gas, customers sa'us, . -venue J 41
Automobiles, new passenger.-.
.
24
Gas and fuel o n s - .
- - - 21,46
Chain stores, variety (5-and-10), grocery,
Gasoline
46
and other
24, 25
Gelatin, edible . .
__
44
Department stores
....—.
25
General Motors salts
„. . .
55
Mail order
25
Glass and glassware..
.
1 , 2(, 26, 28, 29, 53
Rural
general
merchandise
.
25
Gloves and mittm*
47
Rice
42,43
Gold
32
River
trafl&c.
38
Goods in warehouses
. - _
24
Roofing asphalt
41
Grains
.
21,35,42,43
Rubber,
crude,
scrap,
footwear,
tires
and
Gypsum
53
tubes
19,20,21,22,26,28,29,53
Hides and skim _ . _
46
Savings deposits
.
31
Hogs
43
43
Home-loan banks, 1 oars < ui st an cI Q »
23 Sheep and lambs
Shipbuilding
19,
20,
26,28
Home mortgage s
__
23
Shoes
19, 20, 21,26, 28, 29,47
Hosiery
54
Silk
20, 22,54
Hotels
38
Silver
32
Housing.
21,22
1
Skins
46
Illinois, employ me it, .>:- \ K> 1, ^ agi s- _ 20, 28, 29
Slaughtering and meat packing
19*
Immigration aud enngratio.i . .
...
38
20,26,28,29,43
Imports
36,37
Spindle activity, cotton, wool
54
Income payments. .
19
Steel and iron, crude, manufactures
. 19,
Income-tax receipts
. .
33
20, 21, 22, 25, 26, 27, 28, 29,31,33,48,49
Incorporations, buMnc^s, new1
24
Steel, scrap, exports and imports—.
. . . 48
Industrial piodaodrn, irdeK^ - . . . .
19,20
Stockholders
36
Installment loan**
31
Stocks, department-store (see also manuInstallment sales, New Etit.la *d
25
facturers' inventories)
25
Insurance, life . _ . 32
Stocks, issues, prices, sales
. 34,36
Interest and monej. rate*
. _
31
Stone, clay, and glass products
19,
Inventories, manuf-*c<wets'_ _ , _
21
20,26,28,29,31,53
Iron and steel, TU<I»» tnaruifa\ em s . __
19,
Street railways and buses
37
20,21,22 .*% 2<,i , 28,29,31,48,49
Sugar
44
Kerosene
46
Sulphur
39
Labor turn-over, d'»pu*-e*
27
Sulphuric acid
.
. . . 39
Lamb and multc-n
. . .
44
Superphosphate
39
Lard
44
Tea
44
Lead
20,50
Telephone, telegraph, cable, and radioLeather
. . . 19, A) 2 2 •, j " , 29, 31,46,47
telegraph carriers
27, 28,33,38
Linseed oil, cake, arcs meal
.
...
40
Textiles
20, 22, 26, 28, 29,31,54
Livestock . . . .
..,.,
„
.
43
Page
Debt* United States Ckvrrnment
33
Delaware, emplojrmenL , t;ny lulls w«*sjcs_ 2 6 , 2 8 , 2 9
Department stores." Bait? stc-ks colkctions^
25
Loans, real-estate,, agricultural, brokers'....
23,
30,31
Locomotives. „.
. 55, 56
Looms, woolen, activity .
.
54
Lubricants
.. 46
Lumber19, 20, 21, 25, ^6, 27, 28, 29,47
Machine activity, nit ton, wool
.
54
Machine tools..
25, 26, 27, 50
Machinery.„....„....
.....
.
. . . . 19,
20, 21, 25, 26, 27, 28, 29, HI, 33,37, 50, 51
Magazine advertlsiog
.
24
Manufacturers" orders, nhiptaRuts, inventories
20,21
Manufacturing indexes™ , _ . . . . _ . . 19, 20
Maryland, employment, pay rolls
26, 28
Massachusetts,
employment,
pay rolls,
wages
..
26S 28, 29
Meats and meat packing.. 19, 2", 21, 26, 28, 29, 44
Metals
19, 2«, .i;\ 'AS, 26, 27, 28, 29
Methanol
„„
39
Mexico, silver prodi.:cti HI .,
...
32
Milk
42
Minerals.
.
20,27,28
Naval stores...
39
New Jersey, employment, »ayi oil I* wagea.. 26,28,29
Tin-V.IIIIIII—IIIIII—II III IIIIZIIIIII
50
Tobacco
—
20, 26, 28, 29.45
Tools, machine
25,26,27,50
Travel
38
Trucks and tractors, industrial, e l e c t r i c . . .
56
United States Government bonds
35
United States Government,
finances
33,34
United States Steel Corporation
36,49
Utilities...
—— 22,27. 28,32,33,35,36
Vacuum cleaners
.
.
51
Variety-store sales index
.
24
Vegetable oils
39,40
Vegetables
42
Wages, factory and miscellaneous
28,29,30
Warehouses, space occupied
.
24
Waterway traffic—
38
Wheat and wheat
flour
43
Wholesale price indexes
21, 22
Wire doth...
50
Wisconsin, factory employment, pay rolls,
and wages——
26, 28,29
Wood pulp
51
Wool
20, 22,54
Zinc
50
Announcing . . „
MONTHLY INCOME PAYMENTS IN THE
UNITED STATES, 1929-40
10 c
Economic Series No. 6
•This'bulletin presents the firsi detailed description of the
Department's monthly income series which has been
widely accepted as the most comprehensive measure of
changes in current economic activity.. The text of the
report contains a general description of the concept of
income payments^ a discussion of the uses of the series
and the limitations attaching thereto, together with an
analysis of the relationship of this series to other indices
of business activity. The appendix contains a detailed
discussion of the source material and the methods employed in constructing the estimates, Estimates are
given, by months, for January 1929 through August
1940.
CONCENTRATION AND COMPOSITION OF
INDIVIDUAL INCOMES, 1918-37
.4 . . 15'
Temporary National Economic Committee Monograph No,
The-report represents an extension of the work of the
•Department of Commerce on the subject of income- --the
size-distribution of income among individuals. Analysis is confined to the higher incom.es owing to the fact
• that the available income distribution, data covering a
period of years are limited to relatively high-income
brackets. For the period 1918 through 1937 the report
includes data on the proportion of total income received
by various groups in the higher-income brackets; the
sources of income- salaries, dividends, etc, the proportion of total "purchasing power1' available tc the
high-income groups. The changes in the income
shares of the higher-income groups are related to broad
economic movements. An analysis also is presentee of
the relation of changes in income concentration and
income composition. The effect of income taxes and
relief payments on the distribution of income also is
developed,
CopHf of fh.- c r r v { puJ-jLOjh":is may t o obtained irom the Superintendent o! Documents at the
Urutec rotate? G< v-ninient PiiMing Cifire Washinc/m D C a- tne prices stated, or from any
of tW rhr:es of *:.o ib JIO;:U of F-* ic;gn en., Domestic Cr.Tnrr^rrc1 iiMe'i
Reirittance with all orders,
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