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JULY

1941

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
V O L U M E 21

NUMBER 7

UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CARROLL L. WILSON, Director

SURVEY OF
CURRENT BUSINESS

Volume 21

JULY 1941

Number 7

CONTENTS
The business situation
Defense expenditures
,
Construction moves ahead
Prices continue upward march
Fats and oils exemplify price advance
Sharp rise in manufacturers' inventories..
Record demand continues to raise output.
The position of petroleum
SPECIAL ARTICLE
The railway freight car problem.
CHARTS
Figure 1.—Monthly business indicators, 1936-41
Figure 2.—Defense expenditures by U. S. Government agencies for
the fiscal year 1941
Figure 3.—Government and private funds for the expansion of defense industrial facilities, by type of product, June 1940-May 1941..
Figure 4.—Indexes of cost of goods purchased by wage earners and
lower salaried workers, 1939-41
Figure 5.—Index of prices and apparent consumption of fats and
oils, 1939-41

Page
3
3
3
4
6
7
7
8
10

2
3
4
5
6

Figure 6.—Indexes of value of manufacturers' shipments for selected
durable-goods industries, 1939-41
Figure 7.—Indexes of value of manufacturers' shipments for selected
nondurable-goods industries, 1939-41
Figure 8.—Indexes of freight carried one mile, freight cars in service, and industrial production, 1917-40
Figure 9.—Relationship between cars of industrial revenue freight
loaded and industrial production, adjusted for declining trend,
1929-40
Figure 10.—Total cars of revenue freight loaded weekly, 1935-39 average, 1940, and 1941
Figure 11.—Total, serviceable, and active revenue freight cars, railroad owned or leased, 1935-41
Figure 12.—Utilization of railroad owned or leased revenue freight
cars for selected months, 1932-41
Figure 13.—Average tons per car of revenue freight originated,
Class I steam railways, 1925-40
STATISTICAL DATA
New or revised series:
Table 21.—Income payments
Monthly business statistics
General index

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11
12
13
14

15

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Page

SURVEY OF CURRENT BUSINESS

July 1941

Monthly Business Indicators, 1936-41

80

INCOME PAYMENTS

INDUSTRIAL PRODUCTION

160

1936

1937

1938

1939

1940

160

1936

1941

FACTORY EMPLOYMENT AND PAYROLLS

1937

1938

1939

1940

1941

CASH INCOME FROM FARM MARKETINGS'

100

140

JT~ EMPLOYMENT
(ADJUSTED)

70

60

60
1936

1937

1938

1939

1940

1941

100

90

90

80

80

70

1936

linHlmi.lmnLiMliiml

1937

1938

1939

liiilil

1940

Ini

60

1941

I I I I I I I I I I I

I I I II I 1 I III

1936

1937

1939

1940

1941

PRICES

I III II I III I

1938

I I I I I I I I I I I

I I II I I I II I|

I I I II I I I II

1940

1941

1939

FOREIGN TRADE

CONSTRUCTION CONTRACTS AWARDED*

125

1938

100 (1926" 100)

(1923-25 - 100)

70 l i i l M l m n l

1937

WHOLESALE

DEPARTMENT STORE SALES
110

1936

(1923-25- 100)

(VALUE, 1923-25 = 100
3-MONTH MOVING AVERAGE)

EXPORTS. TOTAL
INCLUDING REEXPORTS
(UNADJUSTED)

100
75
50

IMPORTS, GENERAL
(UNADJUSTED)

25

1936




1937

1938

1939
r

1940

ADJUSTED FOR SEASONAL

1941

1936

VARIATIONS

w

EXCLUSIVE

Figure 1.

1937

OF GOVERNMENTAL

1938
PAYMENTS

1939

1940

1941
0.0.4i-

SUKVEY OF CUERENT BUSINESS

July 1941

The Business Situation
registered another strong advance in
BUSINESS
June, but rising prices, expanding inventories, and

mounting shortages of key materials all served to emphasize the increasing strains appearing in many sectors
of the economy. Notwithstanding these growing problems, industrial production, augmented by heavier output of finished goods for defense, continued to move
ahead. The construction industry began a summer of
heightened activity as private residential and defense
awards pushed contract volumes to the level of the
latter twenties.
Gains of comparable magnitude were evident in the
field of distribution—freight carloadings, for example,
rose to more than 900,000 weekly in the latter part of
the month. Sellers continued to experience a record
demand for this time of year, particularly for durable
goods. All in all, June business reports, good and bad,
added up to one thing: an economy struggling toward
complete utilization of its available resources but held
back by lack of facilities in key areas.

The slackening in the rate of increase of defense expenditures during recent months was an anticipated
development and does not reflect retardation of the
program. In the winter and early spring months a
considerable proportion of the expenditure was devoted
to cantonment construction and the purchase of light
supplies.
These have now fallen sharply, so that maintenance of
even the same aggregate outlay points to an increased
expenditure on other items: particularly aircraft, shipbuilding, and plant construction. The program of
plant facilities is yet far from completion—less than
one-third of the expected aggregate outlay has been
made to date. Upon the construction of these new
plants, of course, hinges much of our ability to secure
the final products required for defense.
Table 1.—Defense Construction Expenditures
[Millions of dollars]
EstiEstiTotal
Estimated
Estimated
mated
program mated expendiexpenditotal
as of
expendiJan. ture June 1, expendiJune 1, ture in ture
1-May 1941-Dec.
ture in
31, 1941
1941
1940
31, 1941
1941

Defense Expenditures.

While progress continued to be made in the armament industries, the actual outlays for defense purposes
expanded only moderately in June. Figure 2 reveals
MILLIONS OF DOLLARS
1000

600

Total construction program .
Military housing.
__
Army and Navy air service facilities
Other military
Government - financed
industrial facilities
Privately financed plant
expansion
__
Defense housing

4,511
992

728
288

1,224
522

2,235
167

3,459
689

755
664

98
156

133
144

429
283

562
427

1,338

117

259

891

1,150

261

66
3

85
81

79
386

164
467

500

Source: Office of Production Management, Bureau of Research and Statistics.
600

Construction Moves Ahead.

400

200

JULY

AUG.

SEPT.

OCT.

1940

NOV.

DEC.

JAN.

FEB.

MAR.

APR.

1941

MAY

JUNE

D.D. 41-291

Figure 2.—Defense Expenditures by U. S. Government Agencies for the
Fiscal Year 1941 (Office of Production Management).

NOTE.—Data represent disbursements on checks issued basis. Because prepayments
and interagency disbursements of funds are included in checks issued, the amounts
for any one month may give an incorrect picture of the cash flowing through industry. The discrepancies, however, tend to rectify themselves in the cumulative
totals. Data for June 1941 were estimated by the U. S. Department of Commerce.

that defense outlays apparently reached a temporary
plateau in the past few months. For the fiscal year as a
whole the record was one of substantial growth, with
an aggregate outlay of approximately 7,070 million
dollars for all defense purposes.1




The current volume of construction activity—largest
since the latter twenties—is in large measure the result
of the heavy defense construction now under way. As
of June 1, the defense program called for a total construction expenditure of 4.5 billion dollars. Work in
place at the beginning of the year is estimated to have
cost 728 million dollars, while the outlay this year is
expected to total 3.8 billion dollars.
Through May only about one-third of this year's
outlay had been made, with activity scheduled to be
stepped up during the summer months. The various
purposes served by these expenditures are summarized
in table 1.
1
This outlay, computed by the Office of Production Management, includes the
usual budgetary items for defense plus expenditures of the Maritime Commission
and other defense corporations which are not regularly reported by the Treasury.
The January budget message estimated that usual budgetary expenditures for
national defense would total 6.5 billion dollars for the 1941 fiscal year. Actual
expenditures totaled about 6 billion dollars.

SURVEY OF CURRENT BUSINESS
The shift in expenditures expected over the next few
months is clearly revealed in table 1. Cantonment
building, upon which more than 40 percent of the total
outlay for the first 5 months this year was expended,
will decline very markedly. Expenditure on all other
facilities (with the exception of the relatively small
privately financed plant expansion) will be increased
sharply. Outlay on airfields and appurtenances will
total 429 million dollars from June 1 to December 31,
as contrasted with 133 million dollars in the first 5
MILLIONS OF DOLLARS

300

PRODUCT OR SERVICE

400

500

AIRCRAFT, ENGINES, PARTS, a ACCESSORIES

SHIPS a SHIP REPAIR

CHEMICALS, INCLUDING EXPLOSIVES

AMMUNITION, SHELLS, BOMBS, ETC.

IRON a STEEL PRODUCTS

NONFERROUS METALS

a PRODUCTS

MACHINERY, EXCEPT ELECTRICAL

NONMANUFACTURING

MISCELLANEOUS MANUFACTURING

VEHICLES a

TANKS

ELECTRICAL MACHINERY

a EQUIPMENT

PRODUCTS OF PETROLEUM a COAL
| GOVERNMENT

Figure 3.—Government and Private Funds for the Expansion of Defense
Industrial Facilities, by Type of Product, June 1940-May 1941 (Office
of Production Management).
1 Facilities financed with Government funds include commitments of the War
Department, Navy Department, and the Maritime Commission, and loans of the
Defense Plant Corporation and the Reconstruction Finance Corporation. They
do not include expansion financed by Great Britain.
2
Private funds are based upon cost shown on applications for certificates of necessity approved.

months of this year. Similarly, expenditure on quartermaster and naval base construction will rise from 144
million dollars (January 1-May 31) to 283 million dollars (June 1-December 31).
However, the heaviest outlay for the remainder of
the year is to be directed towards construction of plant
facilities. For the first five months of this year plant
construction had a value of only 345 million dollars, as
compared with an expected expenditure for the year as a
whole of 1,315 million dollars (exclusive of the cost of
land and equipment).
The character of the plant facilities (both privately
and publicly financed) for which provision had been
made up to June 1 is shown in figure 3. The expenditure given in the chart includes both plant and equipment. Facilities for manufacturing aircraft rank first




July 1941

(614 million dollars), followed by shipbuilding plant
(487 million dollars), chemicals and explosives (413
million), and ammunition, shells, and bombs (404
million).
Of the raw material facilities, expenditure for iron
and steel is the largest (284 million dollars), followed by
that for nonferrous metals (230 million). Machinery
plants, including those making electrical machinery, will
cost 187 million. It must be remembered that these
plants include only those for which commitments had
been made through May 31. Arrangements for further
substantial additions to raw material plant—particularly iron, steel, aluminum, and magnesium—and finished armament facilities have subsequently been announced, and a sizable volume of contracts is yet to
be placed under existing authorizations.
Another type of public construction now in large
volume is residential building. Table 1 indicates an
expected outlay of 466 million dollars for defense
housing this year. Construction prior to June 1 had
a value little more than one-sixth of the total. Moreover, supplementing the defense housing is the building
carried on under the regular United States Housing
Authority slum clearance program.
The Coordinator of Defense Housing, in a recent
statement suggested that an additional 500 million
dollars may be requested for defense housing. It was
further suggested that curtailment of residential building in non-defense areas and of expensive houses in
all localities may be necessary because of possible
shortages of certain materials and labor. Fear of such
action, as well as anticipation of a further advance in
costs, is to some degree responsible for the heaviest
private demand for new residential housing experienced
since 1929.
Some increase in building costs in addition to that
of last autumn has already occurred this year. The
Federal Home Loan index of the construction cost of a
standard 6-room frame house advanced from 112.5 in
December to 116 in May. The rise in labor costs was
slightly more than that in materials. But it should be
recalled that the materials cost in the autumn of last
year rose almost 10 percent.
However, these influences are probably secondary to
the principal motivating factors: the small amount of
new housing undertaken during the thirties and the
current record flow of national income. All told, the
F. W. Dodge Corporation has reported that private
residential contracts in 37 states had a value from January through May, 22 percent above a year ago. In
May, private residential awards rose above 155 million
dollars, and June reports indicated a further advance.
Prices Continue Upward March.
The price rise has gathered momentum. For the
second month the Bureau of Labor Statistics' weekly
index of 887 commodities advanced more than 2 points

SURVEY OF CURRENT BUSINESS

July 1941

and at the end of June was above 87 (1926 = 100).
The index of 28 basic commodity prices again rose
substantially from 143 to 149, though it reacted somewhat at the end of the month.
These basic commodity prices are of course sensitive
to changes in supply and demand factors (many of
which factors only work themselves out over a lengthy
period of time). Hence such prices have moved up
rapidly as a result of anticipatory speculative activity
based upon the outlook for these commodities. At
1935 - 39 » 100

no
105

no

RENT

105
100

FUEL, ELECTRICITY AND ICE
95

105
100

HOUSE FURNISHINGS

95

95

M

J

S

1939

0

M

J

S O N D J F M A M J J A S O N D

1940

1941

004/_279

Figure 4.—-Indexes of Cost of Goods Purchased by Wage Earners and Lower
Salaried Workers, 1939-41 (U. S. Department of Labor).
NOTE.—Data are for the 15th of each month.

operate with lessening force. Cotton at more than 14
cents, and corn at more than 73 cents are already close
to the maximum necessary to assure the farmer the
equivalent of his loan rate. However, wheat at one
dollar still has 10 cents or more to go before reaching
the same position.
On the import side, dealers and industrial consumers
anticipate an increasing tightness in the shipping situation; hence they continue to bid up prices of many
commodities. The Price Administrator has issued
warnings on a number of import commodities and has
indicated that further advances are likely to meet his
active opposition.
The problems confronting the Price Administrator in
his efforts to limit the price advance have now multiplied many fold. Price control was originally concentrated in the metals and a few metal products where the
demands of the defense program quickly expanded output close to capacity limits. Control in these wals
sought on a voluntary basis and was fairly successful.
In recent months, however, rising import and agricultural raw material prices, as well as advancing wage
rates, have been offered as reasons for an increase in
the prices of a number of industrial items. The Price
Administrator has dealt with these commodities individually, assessing the influence of the cost advances
as against the savings in unit costs arising from economies that accompany larger output.
In many instances, as in the iron and steel and automobile industries, he has concluded that the ecomonies
realized in recent months from heavier activity havp
offset cost advances to a considerable extent, at least
for large units of the industry. In such cases the
Administrator has either issued a " warning" to the
industry, asking that it observe a suggested price
ceiling, or has established maximum prices.
Warnings have been sufficient in most instances, so
that through the first week in July maximum prices
had been established only on the following commodities:
1. Secondhand machine tools.

present the basic commodities index is about 40 percent
2. Scrap and secondary aluminum.
3. Scrap and secondary slab zinc.
above the August 16, 1940 figure (approximately the
4.
Iron and steel scrap.
beginning of the current upward movement), and the
5. Bituminous coal (later revoked and now a free market).
Bureau of Labor Statistics' over-all index has risen
6. Iron and steel products.
13 percent.
7. Combed cotton yarn.
Thus far an important factor in the price advance
8. Nickel and secondary material.
9. Hides, kip and calf.
has been certain policies instituted by the Federal
10. Pig iron.
government. Again in June the strongest increase
11. Cotton grey goods.
appeared in farm products, food products, and various
To enforce compliance with price schedules, the Adimport commodities. As pointed out hi these pages
ministrator
was delegated powers which, while effective,
last month with some detail, both the new farm loan
are
difficult
to administer. For example, much trouble
rates (established at 85 percent of parity) and purchasand
a
possible
stoppage of output is entailed in withing in the open market by the Surplus Commodity
Corporation are directed at increasing farm and food holding raw materials, transport, or power from comprices. Much of the objective as it was originally con- panies unwilling to comply with price orders. Thus
ceived has now been achieved; so this factor will far such powers have not been invoked because of the




6

SURVEY OF CURRENT BUSINESS

willingness and ability of the business community to
cooperate extensively.
However, by the latter part of June, it appeared that
the Administrator was experiencing difficulties—large
automobile and furniture manufacturers, for example,
indicated that recent price advances would not be rescinded as requested. As the Price Administrator himself uniquely put it, it seems that "the honeymoon is
over"; so at month's end plans were under discussion
to increase the price powers of the Office of Price Administration and Civilian Supply.
The prices that move most slowly are generally those
that enter directly in the cost of living; hence this
index is closely watched. The cost of living has
advanced more than 3 percent since November (see
figure 4), with most of the increase occurring in the
past several months. Rising food prices—up 7 percent from November—have contributed the major part
of the increase. Clothing and house furnishings also
cost more today, while the slow moving rent item has
begun to creep upward in a few sections of the country.
The cost of living is still about 2 percent under the
d cade peak in 1937, chiefly as a result of lower food
r .id clothing prices than at that time. Rents are
higher than in 1937, but a considerable part of this
ncrease had occurred prior to the autumn of 1940.

July 1941

Lease-Lend Act provided further impetus to the
upward movement.
Notwithstanding the fact that it became evident that
over 250 million pounds more lard would be brought
to market than was estimated in December (the result
not only of more hogs being offered for slaughter but
also because they are being fed to heavier weights than
formerly), prices of lard and other fats and oils continued to advance almost to the end of the second quarter. A weighted index of wholesale prices of 28 leading
fats and oils reached an estimated average of 127.0
(1935-39 — 100) in June, compared with 76.5 in Juno
1940. (See figure 5.)
In this period the demand factors listed above were
further strengthened and were supplemented by intense
MILLIONS OF POUNDS
2600

1935-39-100
130

QUARTERLY APPARENT
CONSUMPTION
(RIGHT SCALE)

Fats and Oils Exemplify Price Advance.

One example illustrating a number of the multitudinous influences now affecting the price structure is
afforded by the situation in the fats and oils. These
prices have soared since March, in part because of import difficulties (real and anticipated) but more especially because of the background of the domestic
fats and oils situation.
Prices were low throughout 1940, principally because of the loss of export markets for surplus lard
and soybeans and the necessity for absorbing in the
domestic market a record United States production of
fats and oils. Because of the declining trend of prices,
distributors and large consumers were carrying extremely low stocks toward the end of 1940.
In December 1940, prices of certain fats and oils were
stimulated by the release of a government estimate
that hog slaughter in the marketing year October
1940-September 1941 would show a decline from the
preceding year, with an indicated drop of 250 million
pounds in lard supplies. Manufacturers and dealers
hastened to replenish their low stocks and the upward
price trend began.
The rise at this time was accelerated by heavier
consumer demand and by the need for drying oils for
expanding building construction under the defense
program, as well as by further purchase for dealers'
inventories in anticipation of still higher prices. Later
rumors of substantial purchases of surplus American
lard to be made for Britain under provisions of the




1939

1940

1941

0 . 0 <,. 202

1900

Figure 5.—Index of Prices and Apparent Consumption of Fats and Oils,
1939-41 (Consumption estimated by U. S. Department of Commerce;
price index computed from quotations published in the "Oil, Paint and
Drug Reporter").

speculative activity. In addition, the government
began its efforts to raise the prices of corn and hogs.
The shipping outlook worsened in prospect; and stocks
of refined cottonseed oil dwindled by the end of May to
the lowest point for that month since 1931.
The price of crude cottonseed oil at southeastern
mills reached 11.5 cents per pound in late June, its
highest point in 15 years. At this time the Office of
Price Administration and Civilian Supply announced
its intention to impose a price ceiling on this commodity,
asserting that the need for such action arose largely
because of speculation. Following this announcement, prices on the futures markets in cottonseed oil,
lard, and soybeans dropped the maximum amount
allowed under exchange limits on the last trading day
of the month (1 cent a pound for cottonseed oil and lard
and 8 cents a bushel for soybeans). Certain other
commodity markets were also influenced by that
action, with prices easing from their tops.
Although the importance of the closing of some
foreign sources of supply and of the shipping shortage
as factors in the rise of prices of fats and oils has probably been exaggerated, the United States has been

July 1941

SURVEY OF CURRENT BUSINESS

dependent on imports for a number of important oils,
especially inedible oils for industrial use. Total imports
of fats and oils in the 3 years 1938-40 constituted only
one-fifth of domestic disappearance of all fats and oils.
However, such imports have been mainly vegetable
oils—more than 40 percent of consumption of such oils
has been represented by imports.
The recent decline in the ratio of vegetable oil imports to consumption has been caused both by a decline in imports and by an increase in consumption.
Both tendencies have likewise contributed to shortages among such industrial oils as coconut oil (yielding
glycerin—important in explosives—as a byproduct of
soap manufacture), palm oil (tin plate and textile
soaps), sulfur oilve oil (degummed silk for parachutes),
perilla oil (high gloss paints), tung oil (spar varnishes
and other uses), rapeseed oil (irreplaceable as a lubricating oil in marine engines of the reciprocating type).
Meanwhile, American chemical laboratories are
doing important work in developing replacements for
some of these imported oils, such as fractionated fatty
acids from domestic fish oil and soybean oil which can
be used to supplement short supplies of Chinese tung
oil.
Sharp Rise in Manufacturers' Inventories.
Manufacturers stepped up the pace of their inventory accumulation to a very considerable degree during
May. At the end of the month the value of inventories
had increased about 300 million dollars—a marked rise
which was reminiscent of the upsurge after the outbreak of war. The increase was general throughout
most industry—durable and nondurable, defense and
nondefense. While part of this accumulation was
seasonal, some of it was either induced by rising prices
or stemmed from higher raw material costs or wage
costs. Much of it, however, was the result of carrying
larger stockpiles to meet expanding output necessitated
by the high rate of effective consumer demand and the
requirements of the defense program. Whether or not
inventories are too large or too small is a relative matter—relative to current and anticipated future needs—
and also a matter to be judged by individual commodities and individual cases. Hence, it would be unjustifiable to draw the general conclusion that current
inventories in the aggregate are either too large or constitute unwarranted speculative accumulation.
Among producers of nondurables, the food product,
textile, and rubber manufacturers made the largest
addition to stocks. With the exception of the rubber
accumulation (which should be under control now that
rubber is on the mandatory industry-wide priority list),
inventory stocking in the nondurables is not necessarily undesirable as long as it does not encourage further price advances or draw material away from more




essential use. Unfortunately, in the cotton textile and
other fields it apparently has contributed to driving
prices upward.
The stock accumulation by producers of durable commodities was especially heavy and widespread during
May. As in past months, those defense industries which
have been expanding most rapidly showed very large
stock additions, but it is significant that much of
these consisted of necessary raw materials and goods in
process. Part of the increase in some industries, notably
iron and steel, probably reflected relative raw material
shortages produced by the coal stoppage in April.
The general metals order of May 1 issued by the
Office of Production Management requested the principal users of 16 metals to report monthly on their inventory holdings of the metals in question, stipulating
JANUARY 1939

100

500

400

300

200

100
AUTOMOBILES^AND EQUIPMENT

1939

1940

1941

D.D.41-282

Figure 6.— Indexes of Value of Manufacturers' Shipments for Selected
Durable-Goods Industries, 1939-41 (U. S. Department of Commerce).

also that the firms should indicate whether or not they
had increased metal stocks more than those required to
support their current rate of output. While this order
may prove difficult to administer in the absence of
satisfactory criteria for judging the optimum inventory
in relation to the firm's output, once the results of the
summary reports are available it will be possible to
obtain a measure of the existing relation of stocks to
output and take whatever remedial action is indicated.
Record Demand Continues to Raise Output.
Production in June again advanced under pressure
from record order backlogs and the huge demand existing in almost all areas of the economy. On the average,
output usually is curtailed somewhat at this time of
year because of seasonal influence. The summer of
1941 will see few industries forced to reduce operations as
a result of a weakening of demand, however. New business in May— the latest month for which over-all data
were available when this was written—was the strongest
yet reported in the course of the current upswing.

SURVEY OF CURRENT BUSINESS
The Department of Commerce index of manufacturers'new orders rose about 8 percent to a new high of
212, with producers of almost all durable and nondurable
goods sharing the expanded business. Though the rise
in shipments by manufacturers also continued uninterrupted at the same time (the shipments' index moved
from 172 in April to 179 in May), order backlogs in the
durable goods' industries increased a further 8 percent
and at the beginning of June were almost four times the
size of those of a year ago.
Partly because the seasonal decline usual in more
normal times is absent this year, it appeared on the basis
of preliminary data that the Reserve Board's adjusted
index of industrial production had advanced another 6
points in June to 157. But gains on an unadjusted
basis were also evident over a broad sector of the
economy. Such defense industries as machinery, aircraft, and shipbuilding expanded output markedly, as
they have in past months.
Some industries, however, gave indications of limiting
activity because of inability to obtain certain necessary
JANUARY 1939 • 100
200

6,801,000 tons were produced as compared with 7,055,000
tons in May. In support of this high production rate,
10,790,000 tons of iron ore were moved from the upper
lake ports, the heaviest on record. Twenty vessels with
Canadian registry are now operating with the fleet
bringing th e total to 311.
Tbe new bottoms are expected to increase the season's loadings by about 2 million tons or 3 percent.
During the month, arrangements reached an advanced
stage for adding almost 2,000,000 tons of ingot capacity. These arrangements came in partial response to
the Office of Production Management's request for a
further addition of 10 million tons after issuance of the
Dunn report on requirements and capacity, reviewed
in these pages last month.
Eventual alleviation of still another shortage was
also in evidence with announcement of the prospective
construction of facilities to add 600 million pounds to
the nation's aluminum capacity. It is hoped that this
will be available by July 1942, and that it will increase
total capacity to 1,400,000,000 pounds. June production was only 50,000,000 pounds, 46 percent above a
year ago, but less than half of the output hoped to be
eventually obtained.
In the automobile industry, about 555,000 units
were turned out (including a small number assembled
in Canadian plants). However, buying continued in
excess of production; so that field stocks were further
reduced to roughly 250,000 cars, down sharply from
the 561,000 stock on hand in March.
The Position of Petroleum.

100

50

1939

1940

1941

Figure 7.—Indexes of Value of Manufacturers' Shipments for Selected
Nondurable-Goods Industries, 1939-41 (U. S. Department of Commerce).

materials. This was the case with the important railway equipment industry, which had difficulty in getting
steel plates. Finishing capacity for this commodity
has been inadequate to meet growing needs in a wide
range of use, particularly for shipbuilding, machinery,
armament, and pipe lines, in addition to railway equipment.
The steel industry, under stimulus from the Office of
Production Management, is now converting some strip
mill capacity from sheets to thin plates, and in this
fashion the shortage is to be alleviated materially. In
the meantime, both the shipbuilding and railway equipment industries were given a high priority rating for the
finished metal.
Steel and Aluminum Ingot Capacity to be Increased.
The steel industry continued to push ingot output
forward slightly on a daily average basis during June.
Production was close to 100 percent of capacity—




July 1941

The petroleum industry also reported a record output
during June. Crude runs to stills rose to a daily
average of 3,860,000 barrels, and for the first 6 months
were about 4 percent above a year ago. In spite of
this increased production, developments threaten a
very difficult supply position in certain areas of the
cpuntry before the year is out.
There is no essential shortage of petroleum, the
United States having a surplus over any likely home
requirements even in wartime, with the possible exception of aviation gasoline. Nevertheless, transfer by
the Maritime Commission in May of 50 tankers in the
Gulf-Atlantic Coast trade to the shipping pool for British
use is likely to make necessary some sort of restriction
of demand on the Eastern Seaboard in the latter months
of this year and at least the first part of 1942.
Which of the principal products will be curtailed hi
Supply will depend partly on the extent of the shortage;
this in turn will be determined by the extent of the
increases in demand that would ordinarily be associated
with a rising national income. Projected additions to
tanker and pipe line capacity, if translated into facilities
reasonably promptly, should make adequate supplies
available hi the latter part of 1942 (providing no further
diversion of tankers is made).

July 1941

SURVEY OF CURRENT BUSINESS

Consumption of all petroleum products in the Atlantic coastal regions was a half billion barrels in 1940,
more than one-third of the nation's total domestic consumption and exports. Most of this (428 million barrels) was supplied by tankers from the Gulf Coast
region, carrying either finished products, or crude oil to
New Jersey and eastern Pennsylvania refineries. Estimates indicate that if the transportation were available,
shipments from Gulf to East Coast ports in 1941 might
be in the neighborhood of 450 million barrels.
Demand is heaviest in the third and fourth quarters,
and at that time tanker tonnage available on an annual
basis will probably be about 400-420 million barrels.
From these estimates (which are entirely unofficial and
may be subject to some error) it appears that supplies
would fall short by one-tenth to one-fifth of the estimated requirements if tbe quantity put down on the
Atlantic Coast cannot be expanded by more efficient
use of the transport facilities available and if no further
tanker diversion is necessary. Oil in storage at East
Coast refineries and bulk terminals is not sufficient to
allow extensive withdrawals.

ting heavier loadings), and substitution of additional
Gulf Coast supplies for shipments from California might
permit the theoretical deficiency set forth above to be
reduced by as much as one-half.
In addition, it may be possible to increase rail shipments, though this would involve substantially higher
costs of movement. Not a great many additional tank
cars are available: certainly the number is only a fraction of the 25,000 or so that would be necessary to
relieve the tight position remaining even if the economies mentioned above were all realized. It is also
possible that some increase in the efficiency of tank car
utilization can be achieved through elimination of cross
hauling and other measures.
Of course, some diversion of tank cars and barges
from other sectors to the eastern region could be used
as a means of spreading any supply deficiency out over
a wider area. Suggestions have been made that the
Interstate Commerce Commission allow an emergency
reduction in rail rates for oil products. Present tariffs
are $2.33 and $2.01 per barrel for gasoline and crude oil
from Texas to New York Harbor, compared with a
tanker charter rate of 55 cents per barrel and an actual
Table 2.—Supply of and Demand for Oil Products, East
tanker cost probably of 20 to 30 cents.
Coast, 1940
[Millions of barrels]
Construction of new pipe lines will not materially
A. APPARENT^SUPPLY or AND DEMAND FOR CRUDE OIL AND REFINED PRODUCTS
affect
the situation until the first or second quarter of
AS IMPORTED FROM OTHER AREAS i
1942. Proposals for both crude oil and gasoline trunk
Crude Refined Total
lines from the Midcontinent and Gulf Coast are still
oil
products
in the discussion stage. It is possible that the Planta162 0
266 3
By tanker, Gulf
428 3
tion line originally projected to carry gasoline between
72 7
38 3
By tanker foreign
... -- 34.4
By tanker, California
.7
6.0
6.7
Baton Rouge and Greensboro, North Carolina, will
197.1
507 7
Total boat
.
310 6
be extended north and west and enlarged.
9.5
Pipe line receipts.. _. _.
_95
Actual construction of such lines will take 6-9 months;
Total by boat and pipe line _ . _
206.6
310 6
517 2
meanwhile,
developments await passage of the Cole bill
Increase in stocks
9.9
11 1
1.2
205 4
Apparent demand
300 7
506 1
now before Congress. Similarly, the tanker construction program will not afford relief until 1942. As of
B. SUPPLY OF AND DEMAND FOR PRINCIPAL REFINED PRODUCTS
June 1, the Maritime Commission reported 83 tankers
oil and
building and 55 on order, a total of 1% million gross
All
Motor Gas
distillate Residual
products
fuel
fuel oil
fuel oil
tons. Of the 83 under construction 77 were less than
10 percent completed, and some of these are intended
Produced at local refineries * ._ _75.7
40.0
198.6
53.2
266.3
By tanker, Gulf
119. 1
44 4
67 4
for
the British under the lease-lend agreement.
By tanker, foreign
333
3 28 0
38 3
.7
6
6.0
By tanker, California
4.0
Whether any rationing of gasoline will be necessary is
Total new supply _
_ ...
509.2
149.2
198.8
88.4
not clear. The Department of the Interior is inauguDemand *
505 9
199 1
82 6
146 8
rating a program to curtail consumption by voluntary
agreement on less pleasure driving and lower driving
1
Does not give effect to small amounts received by tank car in South Atlantic
States.
speeds; the theoretical possibilities of such cooperation
2 Production at local refineries in any year should approximate receipts of crude oil
from other areas adjusted for changes in stocks of crude oil.
are thought to be substantial.
s Estimated.
* From American Petroleum Institute, Report of Fact-Finding Committee, in
One commodity which is widely used (in public
National Petroleum News, June 4,1941.
utility,
manufacturing, commercial, and industrial heatSource: U. S. Bureau of Mines, except as noted.
ing operations) and for which coal is an effective subNo agreement exists concerning the magnitude of stitute is residual (or heavy) fuel oil. Hence, at least
possible improvement in the efficiency of existing trans- part of any shortage that develops is likely to be met
port facilities. However, re-routing of pipe line and by rationing supplies of this product to essential uses,
barge movements in the north and northeast, a 3-per- chiefly oil-burning ships, and certain manufacturing
cent relaxing of the tanker load line restriction (permit- operations technically requiring oil fuel.

326739—41-




10

SURVEY OF CUERENT BUSINESS

July 1941

The Railway Freight Car Problem
By Donald E. Church

carloadings in recent weeks have been in
FREIGHT
the heaviest volume since 1930, surpassing even the

owners in 1920, various organizational changes were
achieved that could be of aid in effecting such coordination.
The Transportation Act of 1920 itself drastically
changed the regulatory pattern, including broad emergency powers over equipment utilization if these were
found to be necessary.
Subsequently, several organizations have been created
to assist the normal functioning of the railroads, as
well as to be available immediately for emergencies.

October peaks of 1939 and 1940. As the growth since
the first of the year is expected to continue over coming
months, some question has been raised concerning the
ability of the railroads to meet prospective carloading
requirements. Since a shortage of transportation facilities, such as occurred during ,the first World War,
would have far-reaching repercussions upon the national
defense effort, many steps are being taken to forestall
such a development.
- 39-100
Breakdown During First World War.
In the first World War, as now, the extent of the
growth of traffic had not been foreseen. Eventually
the railroads were unable to handle the volumes requested. Indeed, as early as 1916 leading railway
terminals became congested and traffic was appreciably
slowed despite the carriers' attempts to correct the
situation by voluntary action.
The Interstate Commerce Commission also attempted
to eliminate the difficulties but lacked the necessary
40
power for putting uto effect the measures required.
1917 '18 '19 '20 '21 '22 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 '38 '39 1940
Finally, in a last e. ;>rt to achieve maximum efficiency
0.0. 41- 269
through voluntary cooperation, the carriers formed in Figure 8.—Indexes of Freight Carried One Mile, Freight Cars in Service,
and Industrial Production, 1917-40 (Railroad statistics calculated from
early 1918 the Railroad's War Board, with outstanding
data for class I steam railways, excluding switching and terminal companies, published by the Interstate Commerce Commission; industrial
leaders in charge of the organization. For a few months
production, Board of Governors of the Federal Reserve System).
operations were conducted more smoothly, but after
this early period the situation again deteriorated and The Bureau of Service of the Interstate Commerce
the Government assumed complete control through a Commission and the Car Service Division of the Associarailway administration.
tion of American Railroads have experienced field repreA system of priorities had been established hurriedly sentatives who continuously assist in dealing with
by the Railroads' War Board, and this was extensively problems associated with equipment utilization and
utilized by the Railroad Administration. Priority tags who form a nucleus for the application of sweeping
were issued to agents throughout the country. These mandatory controls by the Interstate Commerce
agents used them too freely on all Government ship- Commission if such control be needed.
ments, even when expedited movement was clearly
Furthermore, the railroads have fostered the developunnecessary. The result was shipment and receipt of ment of Shippers' Advisory Boards, in the expectation
a large volume of freight long before it could be utilized, that cooperation between the carriers and shippers will
and often before it could be unloaded promptly because avoid unnecessary conflicts of interest. In addition,
of a shortage of maritime shipping facilities and of several governmental advisory groups have recently
warehouse space.
been created.
Terminals continued to be congested as hundreds of
Another factor of significance in an analysis of the
thousands of freight cars stood idle. In effect, the cars freight problem today is that, in contrast to the almost
unintentionally became temporary warehouses or were exclusive reliance upon railroads for domestic transporunavoidably detained in congested yards at a time when tation prior to the first World War, competing agencies
the cars were needed most urgently for moving freight. subsequently have become important factors. In 1939,
Major Developments Since 1920.
about 62 percent of the Nation's revenue freight ton
Thus, the first World War demonstrated the necessity mileage moved by railroads, while 18 percent was carried
for coordinating freight loadings and freight car move- by inland water carriers, 12 percent by pipe lines, and 8
ments not only with available manufacturing facilities, percent by intercity trucks.
but also with storage, terminal, and ocean shipping
Although serious shortages of railroad equipment
facilities, in order that railway efficiency be maintained. appeared in the early post-war years, improved operIn conjunction with the restoration of the roads to their ating practices made it possible for the railroads to




handle an increasing load up to the all-time peak in
1929 without material change in car ownership. Further improvements in equipment utilization have
resulted, in part, from an expenditure upwards of 8
billion dollars since the last World War for additions
and betterments of railroad properties. These included
such improvements as track straightening, heavier
rails, more powerful locomotives, freight cars with larger
carrying capacities, as well as the more dramatic installations of Diesel locomotives and streamlined trains.
Prospective Shipper Requirements
The volume of freight traffic to be expected during
the coming months is dependent in large part upon the
future trends in industrial production, the diversion of
shipments from water carriers to the inland agencies,
and the special situations that may develop with regard
to particular commodity movements. One method 1
that may be used to obtain an approximate forecast of
shipper requirements is based largely upon past relationships between carloadings and economic activity,
as discussed below.
Relationship Between Carloadings and Business Activity.
The major portion of freight traffic consists of the
products of manufacturing, mining, and agriculture.
Changes in aggregate loadings occur concurrently with
fluctuations in activity in these fields. The most important group of loadings are those which are industrial
in nature: including coal, coke, ore, forest products,
and miscellaneous shipments. Hence, as figure 8 shows,
total movement of freight generally fluctuates with
shifts in the level of industrial production.
On the basis of the past relationship between industrial carloadings and production, it is possible to estimate the increase in carloadings which will be produced
by a given expansion in economic activity. Figure 9
shows the basis for this. In the upper panel, each dot
represents industrial carloadings (vertical scale) and
industrial production (horizontal scale) for a single
year. The record for the period from 1929 to 1940 is
plotted.
If the volume of industrial carloadings depended
solely upon industrial production, the dots would have
been grouped closely along a line which would show an
increase in carloadings associated with an increase in
industrial production. However, it may be noted that
the dots for early years lie above the apparent general
relationship, while those for later years lie increasingly
below that line. The progressive reduction in the annual
carloadings related to given rates of industrial production is the joint result of a number of factors, such as the
diversion of freight to competing forms of transportation, the increase in freight car size, heavier loading per
car, and integration and relocation of industries.
An estimate for any given year, therefore, must not
only be based upon the level of business activity, but
i Method and estimates supplied by Louis Paradise, Division of Research and
Statistics, Bureau of Foreign and Domestic Commerce.




11

SURVEY OF CURRENT BUSINESS

also upon an adjustment for the effect of those last mentioned factors. The line A-B in the upper panel represents an approximation to the normal relationship without an adjustment, while the curved line in the lower
panel indicates the approximate allowance to be made
from an estimate derived from the line A-B. Primary
significance attaches to the net resultant of those two
MILLIONS OF CARS
40 DEVIATION S FROM
YEAR

929
930
931
932
933
934
935
936
937
938

35

30

§ 25

AB

MILLIONS

OF ARS
+4
+ 4.
+ 1.
-0.
- 1.
-I
-3.
-4.
-5.1
-5.0

939

-TO

940

-8.0

« , 1929

®1930

^
®^

^a

20

^
$1936

1934

^B

®'937

@I940

)39

•'
55
*•* 938

^ ^ ® 1933
>32

15

A^

10
50

60

70
80
90
100
110
INDUSTRIAL PRODUCTION INDEX, 1935-39-100

120

130

MILLIONS OF CARS
•HO
CD
< 45

g..
J.
O

July 1941

1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940
DO. 41-280

Figure 9.—Relationship Between Gars of Industrial Revenue Freight
Loaded and Industrial Production, Adjusted for Declining Trend, 1929-40
(Carloadings, Association of American Railroads, and Industrial Production, Board of Governors of the Federal Reserve System).
NOTE.—Industrial carloadings include coal, coke, ore, forest products, and miscellaneous freight.

separate parts, rather than to the individual amounts
from either panel alone.
Estimates for the remaining two broad groups of
commodities—less-than-carload shipments and agricultural products—are based on somewhat different
methods. After allowing for a downward trend in the
total volume of less-than-carload shipments, the cyclical
variations are found to be rather closely related to movements in national income adjusted for price changes. In
the case of agricultural products since 1933, there appears to be a tendency for the total to remain fairly
constant.
Recent Movement of Traffic.
Before applying the foregoing method for estimating
future traffic, it is well to review the recent movement
of carloadings and industrial activity. The Federal
Reserve Board's unadjusted index of industrial production during the first 25 weeks of this year averaged 26
percent above the like period of 1940. Over a similar

12

SURVEY OF CURRENT BUSINESS

time, car-loadings showed an aggregate increase of 17
percent. The important miscellaneous group experienced a gain of 27 percent or 70,000 cars weekly over
last year.
Coal loadings for the period as a whole lagged due to
work stoppage at the mines, but recovered hi recent
weeks to a level nearly 30 percent above a year ago.
Meanwhile, other sizable gains were also registered in
the movement of coke, ore (favored by the early opening of Lake navigation), forest products, and agricultural loadings (due to a heavy grain movement).
The result of these changes has been an advance of
total loadings to about 900,000 weekly hi the latter part
of June, well above the peak weeks of 856, 000 and
838,000 cars attained in the autumns of 1939 and 1940.
Table 1. —Carloadings by Commodity Classifications: Percentage Increase During Selected Periods 1941 Above Corresponding 1935-39 Averages
First
quarter

Commodity

April

July 1941

peak. As shown in figure 10, traffic follows a fairly
definite seasonal pattern which (allowing for holiday
interruptions) lifts carloadings gradually from the
beginning of the year through July and then more
rapidly to a maximum in September and October. It
may be noticed that peak loadings in September and
October 1940 were somewhat attenuated, principally
because an abnormal price situation distorted the usual
seasonal movement of coal. The importance of coal
loadings may again be seen in the freight movement
during April of this year when work stoppage virtually
halted shipments of coal from bituminous mines.
The autumn peak in carloadings, measured as the
average of the 4 heaviest consecutive weeks,2 has
THOUSANDS OF CARS
1000

900

May
800

Grain and grain products
Livestock _.
Coal
Coke
-Forest products
Ore
.
Merchandise, 1. c. 1
Miscellaneous

4.3
—10.8
15.1
68.8
38.4
80.7
—.6
31.8

13.3
—11.3

1.4
32.7

23.6
—3.6
37.5
88.7
35.1
109.1
3.0
39.2

Total

19.2

14.1

32.7

Total, less coal

20.3

27.1

31.9

--

-_

.__.__-

—57.0

43.6
36.6

208.4

Source: Association of American Railroads.

Forecast for 1941.

To forecast the total carloadings for 1941, some
judgment must be formed of the possible extent of
the upward movement in production and income. It
appears that the Federal Reserve index of industrial
production will average at least 150 during 1941 and
that the national income should equal 85 billion dollars
in terms of 1940 prices. Increases of this magnitude
would represent an advance over 1940 production and
income of 23 and 13 percent, respectively. Translating these gains into carloadings on the basis of past
relationships as indicated above would result in loadings
this year aggregating about 44 million, or about 20 percent above the 1940 total. In view of the numerically
small volume of traffic (on an annual basis) that may
be diverted from water carriers and the probable degree
of error that is involved in making the estimate, no
specific allowance has been made for the various special
transportation factors discussed below.
The Seasonal Pattern and Peak Carloading Requirements.

Thus far the discussion of freight car requirements
has run in terms of the annual volume of loadings. Of
more importance with respect to the capacity of the
railroads to handle traffic is the seasonal movement
within the year. For if at one time in the year loadings
are much heavier than at other times because of seasonal
factors that cannot be altered, the railroads should be
expected to provide capacity sufficient to meet this




700

600
500
JAN.

FEB.

MAR.

APR.

MAY

JUNE

JULY

AUG.

SEPT.

OCT.

NOV.

DEC.

Figure 10.—Total Gars of Revenue Freight Loaded Weekly, 1935-39 Average,
1940 and 1941 (Association of American Railroads).

ranged between 108 percent (1931) and 129 percent
(1939) of yearly average carloadings in each of the last
10 years. In about half of those years, the peak has
varied between approximately 15 and 20 percent above
the annual average. To a marked degree, those variations are related to the trend of industrial production
during the late summer and fall months. High seasonal peaks normally coincide with rising business
activity, while relatively low seasonal peaks are associated with declining activity.
The seasonal peak for domestic traffic this year is
expected to be somewhat lower than would be anticipated from normal relationships because the usual
seasonal rise cannot materialize in those industries that
already are producing at full capacity. While no
accurate estimate has been made of the magnitude of
this limiting factor, it probably will be offset approximately by increases caused by diversion of traffic from
water carriers. Consequently, after making rough
allowances for special factors and using the preceding
method for estimation, the peak carloading requirements probably will approximate 1 million weekly
during the 4 highest weeks. Moreover, if industrial
production continues to advance next year as now
expected, peak carloading requirements in 1942 will
2
Four weeks rather than 1 or 2 weeks is used, as it avoids random variations and
indicates a sustained high level.

SURVEY OF CURRENT BUSINESS

July 1941

substantially exceed this figure. These requirements
compare with peak loadings in 1929 of 1,187,000 cars,
839,000 in 1939, and 817,000 last year.
The Effect of Ship Diversion.1
The discussion above has considered the diversion of
traffic from competing carriers only in very general
terms. Withdrawal of ships from their normal lanes
not only diverts traffic to the railroads and other carriers, but also affects the competitive situation in
various markets. Because of changes in those markets,
as well as the lack of data regarding specific traffic flows
and the potential extent of diversion, opinions vary
regarding the amount of freight that may be shifted
from maritime shipping to the railroads.
According to preliminary estimates, the volume of
shipments that may be diverted from coastwise and
intercoastal shipping under present plans probably will
not exceed 10,000 or 20,000 carloadings per week. In
addition, shipments of tin, rubber, and other products,
which normally reach the East Coast from foreign ports
on the Pacific Ocean by way of the Panama Canal, will
be diverted to the West Coast and then moved by rail.
Analogous re-routing of commerce from other foreign
ports is either now in effect or is being considered.
While the total volume constitutes only a very small
part of the aggregate railroad traffic, it will present a
substantial burden when superimposed upon what is
likely to be an already tight transportation situation.
The Problem of the Wheat Crop.
Still another "special" situation that is likely to expand requirements somewhat is that which exists in
regard to wheat. This year a bumper crop is being
harvested, and it is superimposed on a large carry-over
from the previous year. Much of the carry-over has
been stored in the interior and must be moved to make
room for the new crop. As the surplus of box cars on
May 31 was less than half as large as at the same time
last year, and is close to the minimum required for
effective operation, the railroads have taken extraordinary precautions to insure effective car utilization and to
prevent the use of cars for temporary storage. Those
measures have been aided by cooperative arrangements
among the railroads, agricultural organizations, and
Government agencies. Largely as a result of orders
issued by the Car Service Division of the Association
of American Kailroads, about 25,000 of the 34,000
average daily surplus box cars on Class I railroads during the week ending May 31 were concentrated in the
Central Western and Southwestern regions in preparation for the wheat shipment.

Railroad Capacity
The Freight Car Supply.

The chief limiting factors to railroad capacity at
present appear to be the freight car supply and the
efficiency with which it will be utilized. As indicated
1

See p. 9 above for a discussion of diversion of tankers upon petroleum situation.




13

in Fig. 11, the number of freight cars owned or leased by
Class I railroads declined for many years, and reached
almost equally low levels in September 1939 and
December 1940. New installations since the latter
date have exceeded retirements by about 17,000 cars,
bringing total ownership to 1,656,000 freight cars on
June 1, 1941. In addition, there are probably between
300,000 and 400,000 cars owned or leased by smaller
railroads and private industries. Owing to the inTHOUSANDS OF CARS
2000

1800

TOTAL CAfi IS (INCLU DING UNSE RVICEABLE )

^^

*•»

..

*
1600

*"**-% ^• ^x*'
%-

1400

•*%/-/

**"
V

^

V ^SEt

WICEABLE

.«••* •t**sV«'J\

\

CARS ^

/•% A/

A

A

^

1200

> CTIVE CA ?S
1000

nmlmn
1935

1936

1937

1938

1939

1940

1941
0.0.41-268

Figure 11.—Total, Serviceable and Active Revenue Freight Cars, Railroad
Owned or Leased, 1935-41 (Association of American Railroads).
NOTE.—Data are for the first of each month. The serviceable and active cars are
calculated as follows: Total cars less unserviceable cars equals serviceable cars,
and this figure less surplus cars equals active cars.

completeness of current information regarding this type
of equipment and the relatively small changes that may
take place, the following discussion is based on cars
owned by Class I carriers.
A more satisfactory measure of the freight car supply
is the serviceable cars (shown in Fig. 11), which represent total ownership less cars awaiting repairs. The
low point in this category was reached in September
1940. Subsequently, it increased 135,000 units and
amounted to 1,561,000 on June 1. About 60 percent
of that increase probably is attributable to the intensive
rehabilitation campaign, which reduced the number of
cars awaiting repairs to the lowest point in more than
two decades.
During the first 5 months of this year, new car installations declined almost steadily from 6,525 in
January to 5,364 in May, and averaged 5,930 per month.
To an undetermined extent, this decline may be attributed to the lack of material for construction. However, recent action by the Priorities Division of the
Office of Production Management and by the Office of
Price Administration and Civilian Supply is expected
to relieve shortages of material and to hasten the construction of new equipment.
If new car installations are steadily increased from
current levels to twice the present rate by next September, probably not more than 35,000 to 40,000
additional installations may be made between June 1
and October 1. Two other factors, however, must be
considered in estimating the number of serviceable cars
that are expected to be available next October. Repairs

14

SURVEY OF CURRENT BUSINESS

of "bad order" cars will augment the serviceable supply,
while retirements will reduce that supply. During the
first 5 months of this year, the reduction in the unserviceable car supply averaged about 2,900 cars per
month, while retirements averaged about 4,000 per
month.
An undeterminable portion of the reduction in "bad
order" car supply merely reflected retirements taken
directly from the unserviceable supply, while the rest
represented an actual increase in serviceable cars.
Since the retirement rate could be raised or lowered
readily by allowing compensating changes to occur in
the "bad order" supply, a judgment of the probable
effect of those two factors upon the serviceable supply
should be based on the net difference between retirements and reductions in bad orders.
As indicated above, retirements have exceeded the
reduction in unserviceable cars so far this year by about
1,000 cars per month. If approximately that rate
continues during the next few months, the net increase
in serviceable cars to be expected as a result of new-car
output, retirements, and reduction in "bad order"
inventory between June 1 and October 1 probably will
not exceed 30,000 to 37,000 cars. In round numbers,
that increase would raise the serviceable supply to
1,590,000 to 1,600,000 by October 1.
Higher estimates have been published by the Association of American Railroads, indicating that 1,617,000
serviceable cars will be available at that time. In
addition, that association has announced a program to
increase serviceable cars by 120,000 during 1942 and
150,000 during 1943. As retirements will probably
equal at least 40,000 cars during each of these 2 years,
the largest new-car building program at least since 1923
will be required. The peak of new-car output during the
last two decades was 175,100 in 1923, while the maximum during the "thirties" was 77,000 in 1937.
The Efficiency of Freight Gar Utilization.
Now that the probable supply of active freight cars
has been indicated, the question arises as to how
many freight carloadings a supply of this size can support. In answering this question, one goes straight to
the heart of the freight car problem which will be faced
in 1941 and 1942—the problem of improving freight car
utilization above previous records.
At any one time the active car supply is engaged in
either carrying commodities in transit, being loaded or
unloaded, standing idle but containing commodities, or
returning as empty cars to a particular point. The
efficiency of utilization of freight cars may be measured in terms of the number of active cars required to
move one carload weekly, as shown in figure 12. That
measurement also is frequently expressed in terms of the
days required to complete the entire transportation
service from one loading to the next and is then designated the "turn-around time."
Thus, the efficiency of utilization summarizes the
efficiency of all operations involved in moving freight:




July 194

the time required in loading and unloading, the distanc
over which loads are hauled, the speed of freight ca
movement, the time required for transfers between
interconnections, switching, terminal operations, and
the time required in making the empty haul to the next
carload. Improvement in any of these factors, if not
offset by deterioration in others, can better the effi2.6

x

2.8

MAY

JANUARY

1

2 5

2.6

<§>' 33

'

2.4

i 2.4

il 2 3
°! -

©1932

®'34

2.2

~1T^ ®)'34
'38

/f'9

f o 2-2
%Z

52

>

(1
'3 9

2.0

(*)'4 0

D'36

®* S7

2° 2 . 1

2i 2 0
0<

'

1.6
<K>0

500

||2.2
SEP1
i!>3 2.1

1.8

*%'41

600

700 800

FEMBE:R

5OO

600

700

800

900

2.2

OCTC)BER

®-

2.1

34®® '33

1932

®I932
®'35

p2.0

*$
%& 1.9

2.0

®'38

1.9

fe*
of 1.8

38

® '37

K>

!5o

1.8
<g)'40

'*£><

CCH-

(i)'36

1.7
59

1.7

®'39

1.6

1.6

500 600

700

800 900

500 600

700

800 900

AVERAGE WEEKLY CARLOADINGS FOR THE MONTH

0.0.^1-295

Figure 12.—-Utilization of Railroad Owned or Leased Revenue Freight Gars
for Selected Months, 1932-41 (Association of American Railroads).
NOTE.—Active cars exclude unserviceable and surplus cars.

ciency of car utilization (lower the average turn-around
time).
In the past freight car utilization has fluctuated substantially. Over a period of years an underlying betterment has been apparent, largely for technological
reasons. In addition, utilization also varies seasonally,
being somewhat lower in the winter than in the summer
and fall. But of far greater importance are the variations
that are associated with changing levels of traffic. The
best utilization was attained in October 1939, when
about 1.65 active cars were required to perform one
carloading per week.
Further betterments become increasingly difficult for
several major reasons. The diversion of shipments from
water carriers involves longer than normal hauls, and
slower "turn-around" of cars. Sharp changes in the
traffic flows create abnormal operating problems which
cannot be handled so effectively as under normal movements. As readily available sources for savings become
exhausted, further betterments require increasingly
drastic measures which may be difficult to apply and
often require considerable time to place into effective
operation.

15

SURVEY OF CURRENT BUSINESS

July 1941
Estimated Capacity.

The foregoing utilization ratios should be applied to
active cars. Consequently, the estimate of total serviceable cars on October 1 must be adjusted for the minimum surplus cars that will be required to meet
promptly the varying levels of traffic demands in various parts of the country. That minimum is believed
to be about 65,000 cars. With an estimated serviceable
car supply of 1,590,000 to 1,600,000 cars on October 1,
the maximum active supply should be approximately
1,525,000 or 1,535,000 cars.
Table 2.—Freight Gar Supply, Carloadings, and Utilization
Ratio for October Each Year
Serviceable Daily
freight cars average
(thousands) surplus !

Year

Active
cars

Average
weekly
carloadings

Number of
active cars
required
for 1 carloading
weekly

opportunities are being utilized by organizations active
in this effort.
Probably the major opportunities for improvement
involve changes in railroad operating practices, especially with respect to terminal movements. Shortrouting of empty cars is said to have been voluntarily
adopted by most carriers, but probably could be more
extensively utilized. While an individual railroad's
financial interests usually are enhanced by obtaining
TONS OF 2,000 POUNDS
60
MINERAL PRODUCTS .
50

40

ALL COMMODITIES*

30

1935
1936
1937
1938-.
1939
1940

- -,

-

1,567
1,521
1,544
1,460
1,449
1,511

224
119
103
154
67
77

1,343
1,402
1,441
1,306
1,382
1,434

721
819
789
711
839
817

1.86
1.71
1.83
1.84
1.65
1.76

20
ANIMALS AND

PRODUCTS ,

1

Based on a 1-month period centering on Oct. 1.
NOTE.—See text for discussion of 1941 expectations.

I
I
I
If no improvement in efficiency over the 1939 record
1925 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 *36 '37 '38 '39 1940
(1.65) is achieved, the maximum capacity appears to
0.O. 41-265
be about 930,000 carloadings per week. However, some Figure 13.—Average Tons Per Gar of Revenue Freight Originated, Glass I
Steam Railways, 1925-40 (Interstate Commerce Commission).
increase appears to be likely. An increase to 1.60 would NOTE.—Data include only full carloads originated or received from switching and
raise apparent maximum capacity to about 960,000
terminal companies for road haul by class I haul railways.
carloadings weekly, while a further improvement in the long haul of loaded cars, faster service and improved
utilization to better than 1.55 would be required to bring equipment utilization may be obtained at times if
capacity up to 1,000,000 carloadings per week. Since shippers require that the quickest route be used. Addisuch improvements exceed substantially any previous tional resort to solid trains to avoid unnecessary switchrecords, a concrete estimate of the possible betterments ing between terminals, elimination of excessive retenthat may be obtainable would necessarily have to be tion of surplus cars at competitive rail points, and many
based almost entirely upon judgment.
other detailed steps have also been suggested.
Possibility of Increasing Efficiency of Utilization.
Other Improvements Possible.
As indicated above, it appears quite evident that at
In addition to bettering the efficiency of freight car
least a tight freight car situation will arise this autumn, utilization as set forth above, improvements may be
unless the efficiency of freight car utilization can be made in other respects. One such source is the heavier
materially increased above past records. A number of loading of freight cars. As shown by Fig. 13, the averthings can and are being done to bring about improve- age load per car of carload freight has risen gradually
ment. It is believed that substantial saving of time from 34 tons in 1925 to nearly 38 tons in 1940, primarily
can be obtained through voluntary action of shippers because of increased car capacities. That increase is
and carriers. However, if necessary, drastic regulatory largely attributable to heavier loadings of mineral,
powers over the use of equipment and routing of ship- agricultural, and forest products. On the other hand,
ments can be established and enforced by the Inter- the average loading of manufactured products has risen
state Commerce Commission.
only slightly above the 1930 level despite the increased
One promising timesaver is the lengthening of load- capacity of box cars. Heavier loading of less-thaning and unloading activity to 6 or possibly 7 days per carload freight (not included above) also would release
week, even though the shipper may be operating fewer cars for other service.
days each week. Furthermore, careful planning of
Furthermore, some reduction in the railroad burden
operations and increased use of warehousing should may be obtained if necessary by diverting shipments
tend to eliminate excessive retention of cars for tem- to trucks and to some extent to inland water carriers.
porary storage facilities. Avoidance of unnecessarily This can be accomplished, in part, by arrangements
early spotting of cars in advance of loading also would among the individual transportation agencies.
reduce the idle car time. A number of other specific
(Continued on p. 18)




16

SURVEY OF CURRENT BUSINESS

July 1941

NEW OR REVISED SERIES
Table 21.—INCOME PAYMENTS '
Indexes, adjusted
(1935-39=100)

2

Amount (millions of dollars)

Salaries and
Total Sala- Total Total
innoninComries agricul- come
come and
Distribpay- wages tural 3 pay- Total modityproducutive inments
income ments
ing in- 6 dustries 7
dustries

Year and month

1929
January
February March
April
May
June
_
July
August
September
October
November
December

121.0
120.8
120.9
121.1
121.3
121.7
122.8
124.8
124.4
124.7
122.2
122.2

121.5
121.2
122.1
121.9
122.4
122.6
123.4
124.4
124.7
124.1
122.4
121.9

119.5
119.6
120.6
120.7
121.3
121.6
122.5
123.8
124.2
123.8
122.7
122.1

Total

January
February
"
March
April
May
June
July
_
August
September
October
December

Service
industries s

Social
security
Direct benefits Diviand
and
dends
Gov- Work- other other and inernlabor terest
relief relief
ment wages
income5

Entrepreneu- Total
rial in- noncome agriculand net tural
rents
inand
come 3
royalties

6,945
6,358
6,572
6,778
6,710
6,917
7,207
6,769
7,019
7,435
6,841
6,823

4,139
4,174
4,273
4,336
4,427
4, 446
4,345
4,386
4,482
4,549
4,353
4,292

1,643
1,698
1,753
1,804
1,865
1,884
1,863
1,906
1,912
1,919
1,778
1,678

1,102
1,080
1,114
1,123
1,146
1,146
1,158
1,156
1,164
1,183
1,143
1,165

981
981
989
989
989
988
992
995
998
1,006
997
1,008

413
415
417
420
427
428
332
329
408
441
435
441

5
5
5
5
5
4
5
5
5
5
5
6

77
76
77
77
78
78
78
78
78
80
79
79

1,346
795
898
1,038
857
1,007
1,306
737
855
1,083
903
1,020

1,378
1,308
1,319
1,322
1,343
1,382
1,473
1,563
1,599
1,718
,501
,426

6,343
5,837
6,033
6,222
6,119
6,277
6,485
5,985
6,204
6,484
6,126
6,196

82,374

52,202

21, 703

13, 680

11,913

4,906

60

935

11, 845

17, 332

74, 311

4,350

1,809

1,140

993

409

5

78

987

,444

6,193

80
79
81
81
81
75
87
83
83
85
86
88

1,535
851
937
1,034
889
1,043
1,242
742
772
968
803
898

,297
,224
,198
,206
,221
,208
,202
,205
,250
,247
1,159
1,089

6,478
5,751
5,848
5,945
5,792
5,893
5,883
5,305
5,401
5,595
5,279
5,324

122.3

122.7

121.9

6,865

119. 2
117.8
115.7
115.0
114.1
112.3
109.9
. - - - - 107.8
107.1
105.2
---103.7
102.4

119.1
117.5
116.2
115.0
114.2
113.1
110.7
108.5
107.9
106.0
104.4
102.9

119.4
117.9
116.9
115.8
114.9
113.7
112.0
109.8
109.1
107.5
106.1
104.9

7,005
6,217
6,306
6,431
6,320
6,426
6,420
5,840
5,984
6,189
5,775
5,733

4,086
4,056
4,082
4,102
4,122
4,094
3,882
3,803
3,872
3,880
3,718
3,646

1,565
1,583
1,589
1,612
1,632
1,623
1,558
•1,527
1,523
1,501
1,391
1,300

1,104
1,069
1,089
1,088
1,093
1,082
1,058
1,033
1,030
1,035
998
1,012

983
974
968
961
956
946
926
911
907
902
891
890

434
430
436
441
441
443
340
332
412
442
437
441

1
3

7
7
8
8
7
6
7
7
7
9
9
12

74,646

47, 343

18, 404

12,691

11, 215

5,029

4

94

989

11,714

14,506

68, 494

3,945

1,534

1,058

935

419

0

8

82

976

1,209

5,708

Monthly average

1930

wages 4

Total
110.9

111.3

112.3

6,221

100.4
99.6
104.0
103.8
97.9
95.2
93.6
90.8
88.8
87.2
86.2
84.5

101.0
100.4
99.4
98.2
96.8
95.3
93.9
91.5
89.4
87.3
86.0
83.8

102.9
102.2
107.2
107.2
100.9
98.5
97.2
94.8
92.8
91.0
89.6
88.0

5,878
5,274
5,678
5,823
5,410
5,451
5,453
4,906
4,936
5,133
4,814
4,764

3,479
3,469
3,504
3,497
3,497
3,453
3,277
3,187
3,200
3,189
3,072
2,986

1,212
1,232
1,246
1,261
1,268
1,244
1,207
1,180
1,136
1,102
1,019
950

958
939
958
945
943
933
916
887
878
874
851
848

867
860
856
846
834
825
806
787
781
776
767
749

440
435
440
441
446
445
341
329
401
432
429
431

2
3
4
4
6
6
7
4
4
5
6
8

14
14
14
13
12
11
11
12
12
13
14
18

88
92
395
442
182
124
121
110
107
110
106
114

1,283
733
793
909
754
914
1,087
680
705
885
723
800

1,014
966
972
962
965
949
957
917
912
936
899
846

5,528
4,970
5,352
5,494
5,064
5,107
5,094
4,587
4,611
4,769
4,486
4,502

63,520

39, 810

14, 057

10,930

9,754

5,010

59

158

1,991

10,266

11, 295

59,564

94.3

93.6

97.7

5,293

3,318

1,171

911

813

418

5

13

166

856

941

4,964

83.2
81.1
78.9
76.3
74.4
71.8
69.9
69.3
69.0
68.8
68.4
67.4

83.2
80.7
78.7
76.1
74.1
71.6
69.1
68.3
68.5
68.6
68.0
66.6

86.6
84.3
82.5
79.8
77.8
75.4
73.5
72.7
72.2
72.1
71.3
70.3

4,886
4,299
4,294
4,308
4,137
4,165
4,066
3,688
3,818
4,039
3,794
3,801

2,887
2,818
2,790
2,715
2,677
2,591
2,383
2,347
2,443
2,504
2,428
2,381

907
892
866
832
809
778
748
745
767
783
734
685

789
753
757
737
730
698
669
653
658
669
654
659

744
730
716
698
688
665
640
627
627
630
623
617

436
431
437
438
440
441
317
312
381
411
405
406

11
12
14
10
10
9
9
10
10
11
12
14

17
21
25
24
25
26
23
26
27
30
37
45

110
103
102
102
101
97
115
119
103
100
98
98

1,083
601
645
765
643
789
887
530
554
705
552
629

789
756
732
702
691
662
658
666
691
700
679
648

4,656
4,094
4,095
4,112
3,929
3,966
3,856
3,471
3,569
3,774
3,549
3,596

49, 295

30,964

9,546

8,426

8,005

4,855

132

326

1,248

8,383

8,374

46, 667

73.2

72.8

76.5

4,108

2,580

796

702

667

405

11

27

104

699

698

3,889

67.4
66.2
64.4
64.6
66.5
68.7
69.2
70.9
73.1
73.4
74.0
75.8

66.3
65.2
62.7
62.8
64.2
66.3
67.9
70.7
71.9
72.4
73.4
76.7

69.8
68.7
66.8
66.5
67.5
69.4
69.9
72.2
73.2
73.7
74.8
77.3

4,037
3,529
3,514
3,612
3,662
3,892
4,015
3,755
4,032
4,380
4,089
4,291

2,310
2,277
2,229
2,240
2,315
2,392
2,334
2,428
2,559
2,639
2,615
2,747

656
667
641
662
709
762
799
854
886
898
857
838

627
601
590
596
610
621
628
653
671
695
679
689

607
594
574
573
576
584
585
602
614
628
630
634

399
391
394
380
385
382
277
271
343
373
370
374

21
24
30
29
35
43
45
48
45
45
79
212

48
50
57
52
49
47
42
42
41
44
53
55

98
96
97
95
93
109
77
77
77
75
74
74

937
500
526
612
530
623
796
450
481
721
514
641

644
606
605
613
675
721
766
758
874
901
833
774

3,843
3,362
3,334
3,410
3,394
3,578
3,658
3,425
3,590
3,901
3,698
3,980

46,808

29,085

9,229

7,660

7,201

4,339

656

580

1,042

7,331

8,770

43, 178

Monthly average
_-. 69.5
See footnotes at end of table.

68.4

70.8

4,901

2,424

769

638

600

362

55

48

87

611

731

3,598

Monthly average

1931

January
February
-March. _
April
May
June
July
August
September
October
November
December.—-.-Total

---

-

Monthly average

1932
January
February
March-April
May
June
July
August
September __
October
November
December

---

--

Total
Monthly average

1933

January
February
March
April
May
June
July
August
September
October
November
December

-

-_

-

Total




17

SUKVEY OF CURRENT BUSINESS

July 1941

Table 21.—INCOME PAYMENTS—Continued1
Indexes, adjusted 2
(1935-39=100)

Total
Total Salainnonries agriculcome and
pay- wages
tural
income '•'
ments

Year and month

1934
January
February
March
April
May
June. -_ -_
July
August _September
October
November
December

78.3
78.5
78.9
78.2
79.9
80.2
80.7
81.8
80.6
81.9
81.7
81.2

78.9
79.1
79.6
78.5
79.7
79.8
79.8
79.9
78.0
79.1
79.5
79.4

78.7
79.2
80.0
79.6
81.0
80.9
81.3
81.4
79.9
80.9
81.5
81.7

80.2

79.3

80.5

83.5
84.7
84.6
85.9
86.1
85.9
85.6
87.8
88.8
90.4
91.1
92.1

82.5
83.9
84.1
84.8
85.1
85.3
85.4
86.4
87.2
88.2
89.3
91.3

83.9
84.7
84.8
85.6
85.9
86.1
86.4
87.2
87.9
89.1
89.6
90.9

87.2

86.1

86.8

92.4
93.1
94.6
96.3
97.7
113.8
107.8
102.3
102.3
103.1
104.3
106.1

92.8
93.5
94.2
95.6
96.8
98.1
99.0
99.6
99.9
101.1
102.7
104.1

92.4
93.5
94.7
96.1
97.2
114.5
108.0
102.0
102.0
102.5
103.6
104.9

101.2

98.1

101.0

105.3
106.8
108.8
108.6
109.1
110.2
109.9
109.3
107.1
106. 0
103.8
101.9

103.7
105.8
107.5
108.7
110.0
110.7
110.7
110.9
108.9
107.9
105.2
102.3

104.3
106.0
107.2
108. 1
108.9
109.6
109. 6
109.1
107.2
106.1
103.9
101.6

Monthly average

107.2

107.7

106.8

1938
January . _
February
March.. _ _ ...
April .
May
June.
July.__
August
September ..
October
November
December..- _ _ _ _ _

100.2
99.4
98.7
97.6
96.9
97.0
97.2
98.1
99.1
100.2
100.7
101.4

99.3
99.3
98.6
98.3
98.1
98.3
99.0
101.0
102.1
102.9
104.3
105.3

99.4
99.3
98.9
98.1
97.6
97.6
97.8
99.5
100.1
100.5
101.5
102.3

-

Total
Monthly average
January
February
March.
April
May
June
July
August
September.
October
November
December

1935

_

Total
Monthly average
January
February __
March
April ...
May
June..
July
August _.
September
October
November
December

1936

Total
Monthly average.

1937

January _
February
March.. _ .
April
May-June-._ _
July. _
August
September..
October
...
November
December
Total

Total.
Monthly average

....

98.9

See footnotes at end of table.
326739—41




3

100.5

99.4

Amount (millions of dollars)
Salaries and wages 4
Total
inComcome
modity Distrib- Service
pay- Total producutive in- indusments
ing in- dustries 7 tries s
dustries 6

Social
Entresecurity
preneu- Total
Direct benefits Divi- rial in- nondends come agriculand
and
Gov- Work- other other and in- and net tural
interest rents
labor
ernrelief relief
and
income 3
ment wages
royalties
come6

4,700
4,211
4,285
4,388
4,249
4,471
4,623
4,351
4,574
4,948
4,456
4,722

2,769
2,774
2,829
2,789
2,852
2,853
2,734
2,744
2,773
2,875
2,852
2,878

835
896
948
979
1,005
1,002
966
977
943
980
959
968

675
675
697
703
715
716
719
710
716
730
717
735

635
640
646
652
660
662
657
655
652
669
670
672

377
381
386
384
393
396
307
304
372
401
399
399

247
182
152
71
79
77
85
98
90
95
107
104

56
58
69
69
68
64
62
68
67
76
81
90

74
72
75
76
85
82
82
82
82
84
84
83

1,OQ2
545
545
703
449
637
856
492
628
824
462
776

799
762
767
751
795
835
889
965
1,024
1,089
977
895

4,366
3,920
3,995
4,103
3,920
4,096
4,196
3,863
4,020
4,327
3,961
4,324

53, 978

33,722

11, 458

8,508

7,870

4,499

1,387

828

961

7,919

10, 548

49,091

4,498

2,810

955

709

656

375

116

69

80

660

879

4,091

4,821
4,491
4,672
4,926
4,613
4,810
4,760
4,692
5,110
5,453
5,011
5,369

2,889
2,927
2,977
3,015
3,035
3,039
2,928
2,975
3,107
3,222
3,212
3,310

974
1,023
1,044
1,058
1,054
1,063
1,043
1,092
1,125
1,163
1,138
1,143

717
715
734
747
755
756
757
756
775
791
781
813

674
680
685
689
691
696
695
694
703
714
719
728

407
403
412
419
426
424
332
335
414
450
447
453

117
106
102
102
109
100
101
98
90
104
127
173

98
94
102
102
97
89
88
91
89
94
84
71

83
84
85
86
86
87
87
86
90
89
89
88

878
519
622
808
474
672
715
499
704
830
480
833

873
867
886
915
921
923
942
1,041
1,120
1,218
1,146
1,067

4,461
4,142
4,299
4,522
4,194
4,382
4,315
4,156
4,501
4,748
4,387
4,845

58,728

36, 636

12,920

9,097

8,368

4,922

1,329

1,099

1,040

8,034

11,919

52,952

4,894

3,053

1,077

758

697

410

111

92

87

670

993

4,413

5,251
4,918
5,207
5,355
5,161
6,332
5,982
5,289
5,856
6,115
5,654
6,996

3,255
3,272
3,347
3,390
3,452
3,489
3.389
3,428
3,547
3,690
3,702
3,778

1,097
1,102
1,141
1, 184
1,229
1,251
1,249
1,286
1,300
1,363
1,367
1,393

786
790
810
815
826
839
843
847
859
878
881
916

732
741
744
750
756
764
764
765
774
790
797
812

455
449
455
455
461
462
366
361
443
478
473
485

185
190
197
186
180
173
167
169
171
181
184
172

62
62
61
56
51
50
49
50
53
55
58
65

88
88
88
87
87
887
500
164
135
122
112
114

875
566
731
811
521
797
874
470
850
894
505
1,806

971
930
980
1,011
1, 050
1,109
1,170
1,177
1,271
1,354
1,277
1,233

4,846
4,558
4,801
4,914
4,676
5,797
5,382
4,692
5,168
5,348
4,980
6,396

68, 116

41, 739

14, 962

10, 090

9,189

5,343

2,155

672

2,472

9,700

13, 533

61,558

5,676

3,478

1,247

841

766

445

180

56

206

808

1,128

5,130

5,845
5,449
5,980
6,055
5,735
6,306
6,161
5,888
6,158
6,328
5, 701
6,607

3,615
3,679
3,797
3,859
3,920
3, 935
3,806
3,834
3,892
3,957
3,801
3,716

1,303
1,356
1,420
1,472
1,509
1,518
1,509
1,542
1,519
1,530
1,406
1,288

873
876
913
920
936
941
941
953
955
967
938
952

800
814
825
829
835
843
843
846
848
853
848
848

479
472
481
482
487
488
387
380
459
492
490
506

160
161
158
156
153
145
126
113
111
115
119
122

71
72
75
71
66
63
63
65
67
68
73
83

104
100
101
98
95
106
103
101
102
102
101
104

900
489
791
869
505
1,014
930
618
780
845
471
1,550

1,155
1,109
1,216
1,158
1,149
1,188
1,259
1,270
1,317
1,356
1,255
1,154

5,320
4,975
5,403
5,532
5,215
5,740
5,520
5,248
5,461
5,582
5,057
6,070

72, 213

45, 811

17, 372

11, 165

10, 032

5,603

1,639

837

1,217

9,762

14, 586

65,123

6,018

3,818

1,448

930

836

467

137

70

101

813

1,216

5,427

5,623
5, 130
5,370
5,505
5,195
5,579
5,497
5, 202
5,703
5,982
5,591
6,207

3,458
3, 450
3,480
3,491
3,496
3,510
3,399
3,480
3,645
3,765
3.770
3,826

1,142
1,160
1,165
1,158
1,165
1,168
1,182
1,240
1,295
1,339
1,335
1,339

883
861
870
875
869
864
857
861
874
894
891
925

821
806
801
797
786
784
778
784
793
805
816
830

488
489
495
499
503
511
403
403
490
525
524
533

124
134
149
162
173
183
179
192
193
202
204
199

89
90
91
85
81
80
80
80
80
80
83
89

104
121
147
140
140
146
143
152
146
140
132
130

867
446
591
752
446
799
795
411
685
731
441
1,062

1,105
1,023
1,061
1,037
1,032
1,044
1,080
1,079
1,147
1, 266
1,165
1,100

5,141
4,723
4,923
5,068
4,748
5,111
4,984
4.707
5,142
5,300
5,026
5,725

66, 584

42, 770

14, 688

10, 524

9,601

5,863

2,094

1,008

1,641

8,026

13, 139

60, 598

800

489

175

84

137

669

1,095

5,050

5.549

3.564

1.224

877

-

18

SURVEY OF CURRENT BUSINESS

July 1941

Table 21.—INCOME PAYMENTS—Continued
Indexes, adjusted (1935-39=100)

Amount (millions of dollars)

Salaries and wages 4
Total
Total
Total SalainnoninComries agriculcome
come and
modity Distrib- Service
paytural
payTotal
producutive in- indus3
wages
ments
income ments
ing in- dustries 7 tries s
dustries 6

Year and month

1939

Social
Entresecurity
preneu- Total
Direct benefits Divi- rial innonand
and
dends come agriculGov- Work- other
other and in- and net tural
ernrelief
relief
labor
terest
inrents
ment wages
inand
come 3
come 5
royalties

101.3
101.9
103.0
101.8
103.6
104.8
104.6
106.5
107.8
109.1
109.9
111.2

104.3
104.7
105.1
104.0
105.2
107.6
107.2
108.3
108.7
110.9
112.1
113.1

101.9
102.7
103.6
102.7
103.9
106.1
106.0
107.4
107.6
109.2
110.1
110.9

5,752
5,333
5,816
5,732
5,516
6,035
5,812
5,524
6,123
6,357
5,979
7,037

3,632
3,639
3,705
3,686
3,746
3,830
3,675
3,732
3,885
4,068
4,060
4,114

1,224
1,249
1,279
1,266
1,302
1,363
1,358
1,421
1,478
1,561
1,556
1,553

880
869
894
894
910
924
921
926
942
969
959
989

819
819
819
822
829
840
833
834
846
866
871
884

521
520
525
525
530
538
419
416
504
544
541
550

188
182
188
179
175
165
144
135
115
128
133
138

92
94
95
90
87
86
85
87
88
88
88
90

132
137
153
138
144
150
142
151
141
134
135
138

799
414
749
736
442
892
812
411
761
731
437
1,464

1,097
1,049
1,114
1,082
1,097
1,077
1,098
1,143
1,248
1,336
1,259
1,231

5,301
4,924
5,342
5,273
5,029
5,563
5,313
4,991
5,481
5,633
5,347
6,445

Total
Monthly average

105.5

107.6

106.0

71, 016
5,918

45, 772
3,814

16,610
1,384

11, 077
923

10, 082
840

6,133
511

1,870
156

1,070
89

1,695
141

8,648
721

13, 831
1,153

64, 642
5,387

1940
January
February
-- March
April
_ .May
June
July
August
- September
October
--- - November
December - -

110.6
110.1
108.8
109.1
110.1
110.2
111.7
113.3
114.6
115.8
116.6
119.0

111.7
111.4
111.5
111.7
113.2
114.1
115.6
117.1
118.5
120.1
121.1
124.7

110.5
110.1
110.0
109.8
111.3
112.2
113.4
114.6
115.3
116.5
117.2
119.7

6,190
5,704
6,098
6,087
5,819
6,405
6,215
5,906
6,574
6,812
6,362
7,534

3,889
3,874
3,933
3,952
4,025
4,057
3,951
4,036
4,223
4,397
4,386
4,527

1,404
1,403
1,427
1,445
1,489
1,527
1,540
1,618
1,688
1,755
1,750
1,805

940
921
942
944
959
959
968
969
989
1,009
996
1,046

868
864
865
863
873
877
871
874
883
897
903
913

539
542
547
553
563
570
453
454
548
609
616
635

138
144
152
147
141
124
119
121
115
127
121
128

95
95
95
93
91
88
89
90
87
90
90
93

150
155
159
156
168
170
171
168
152
149
145
148

825
426
795
768
434
1,001
850
429
837
783
429
1,508

1,231
1,154
1,116
1,118
1,101
1,089
1,154
1,183
1,275
1,393
1,312
1,258

5,638
5,216
5,640
5,611
5,352
5,949
5,685
5,356
5,934
6,054
5,702
6,950

Total
Monthly average

112.5

115.9

113.4

75, 706
6,309

49, 250
4,104

18, 851
1,571

11, 642
970

10, 551
879

6,629
552

1,577
131

1,096
91

1,891
158

9,085
757

14, 384
1,199

69, 087
5,757

1941
January
February
March
_ _ _.. April
May
- -

121.3
123.0
123.7
124.5
127.7

127.9
131.1
131.7
132.8
136.9

122.2
124.5
125.0
126.0
129.2

6,696
6,367
6,981
6,953
6,862

4,423
4,521
4,617
4,712
4,879

1,781
1,866
1,922
1,963
2,102

975
986
1,000
1, 03'2
1,049

905
907
913
920
925

631
637
656
676
692

131
125
126
121
111

96
96
96
95
95

159
154
156
149
153

790
432
913
796
493

1,228
1,164
1,199
1,201
1,242

6,157
5,892
6,474
6,443
6,310

January
February
March
April
May
June
July
August
September
OctoberNovember
December

_

_ _

. __

_ _

-

.

1 Revised series; compiled by the United States Department of Commerce, Bureau of Foreign and Domestic Commerce. The revisions were occasioned principally by the
adjustment of the monthly data to the Bureau's annual estimate of national income for 1940 and the revised estimates for earlier years. The indexes have been changed to a
1935-39 base. The content of the series is indicated briefly below, but for a full discussion the reader is referred to a bulletin entitled "Monthly Income Payments in the
United States, 1929-40," published by this Department.
28 Adjusted for seasonal variations.
Excludes net income of farm operators, wages of agricultural labor, and interest and net rents on agricultural property.
4
Includes income in kind as well as cash income.
s In addition to benefits payable under the Social Security program, this item includes pensions paid out by private industries and governmental agencies, compensation
for industrial accidents, pensions to veterans, and also loans to World War veterans on their adjusted service certificates, and since June of 1936, adjusted service certificate
payments less prior loans. These latter items account for the sharp rise in this type of income in 1931 and 1936. Loans and payments to veterans on their adjusted-service
certificates were carried as a separate item in an earlier series (cf., October 1938 Survey).
e Includes agriculture, mining, manufacturing, and contract construction.
78 Includes trade, transportation, electric light and power, and manufactured gas.
Includes finance, service, communication, and miscellaneous industries.

(Continued from p. 15.)
The Railway Problem Today Different From That of Last War.

It is clear from the above discussion that the current
pressing problem differs materially from that during
the first World War. At that time, serious transportation difficulties were caused largely by a failure to
properly utilize equipment. It is hoped that the activity of railroad, shipper, and governmental agencies,
guided by the experiences of that earlier date, will be
able not only to forestall any retardation from the current record levels of efficiency, but actually will accomplish a substantial betterment. The extent to which




an improvement can be effected remains a question
that cannot be determined at present. As indicated
above, many promising avenues for improvements
appear to be available. On the other hand, factors
tending to decrease efficiency also will arise from heavy
movements through terminal areas and from sharp
changes in traffic flows.
Thus, while the need for additional freight cars is
clearly recognized and it is hoped that they will be
forthcoming, the main possibility for relieving what
will probably be a very tight freight position this autumn appears to lie in bettering the efficiency with
which freight cars are utilized.

19

SURVEY OF CURRENT BUSINESS

July 1941

Monthly Business Statistics
The data here are a continuation of the statistics published in the 1940 Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1936 to 1939, and monthly averages for earlier years back to 1913 insofar as
available; it also provides a description of each series and references to sources of monthly figures prior to 1936. Series added or
revised since publication of the 1940 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying
footnote indicating where historical data and a descriptive note may be found.
The term "unadjusted" and "adjusted" used to
designate index numbers refer to adjustment of monthly figures for seasonal variations.
Data subsequent to May for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941
May

1940

May

June

July

August

1941

Novem- DecemSeptember October
ber
ber

January

February

March

April

BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments
1935-39= 100. .
Salaries and wages
. .
do
Total nonagricultural income
do
Total
.
mil. of dol
Salaries and wages:
Total
-.- ._
.-_ -do
Commodity-producing industries . . do
Distributive industries..do
Service industries
do
Government
do
Work-relief wages
do
Direct and other relief
do
Social-security benefits and other labor income
mil of dol
Dividends and interest
do
Entrepreneurial income and net rents and
royalties.
mil. of dol._
Total nonagricultural income ..
do

127.7
136.9
129.2
6.862

110.1
113.2
111.3
5,819

110.2
114.1
112.2
6,405

111.7
115.6
113.4
6,215

113.3
117.1
114.6
5,906

114.6
118.5
115.3
6,574

115.8
120.1
116.5
6,812

116.6
121.1
117.2
6,362

119.0
124.7
119.7
7,534

121.3
127.9
122.2
6,696

123.0
131.1
124.5
6,367

123.7
131.7
125.0
6,981

124.5
132.8
126.0
6,953

4,879
2,102
1,049
925
692
111
95

4,025
1,489
959
873
563
141
91

4,057
1,527
959
877
570
124
88

3,951
1,540
968
871
453
119
89

4,036
1,618
969
874
454
121
90

4,223
1,688
989
883
548
115
87

4.397
1,755
1,009
897
609
127
90

4,386
1,750
996
903
616
121
90

4,527
1,805
1,046
913
635
128
93

4,423
1,781
975
905
631
131
96

4,521
1,866
986
907
637
125
96

4,617
1,922
1,000
913
656
126
96

4,712
1,963
1,032
920
676
121
95

153
493

168
434

170
1,001

171
850

168
429

152
837

149
783

145
429

148
1,508

159
790

154
432

156
913

149
796

1,242
6,310

1,101
5,352

1,089
5,949

1,154
5,685

1,183
5,356

1,275
5,934

1,393
6,054

1,312
5,702

1,258
6,950

1,228
6,157

1,164
5,892

1,199
6,474

1,201
6,443

83.5
97.0
81.0
112.0
111.5
118.0
92.0

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
67.0

117.0
80.5
69.0
90.5
93.5
94.5
70.5

96.5
79.5
66.5
91.5
99.5
91.0
74.5

86.0
85.5
72.0
98.0
104.0
96.0
89.5

74.5
86.5
73.0
98.5
99.5
101.0
85.0

61.5
84.0
66.5
100.5
102.0
105.0
78.0

68.0
88.5
79.5
97.0
97.5
100.0
82.0

-74.0
93.0
77.5
' 107. 6
' 108. 5
114.5
82.5

AGRICULTURAL INCOME
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100..
Adjusted
do
Crops
do
Livestock and products
do __
Dairy products. ._
_.
do
Meat animals
..
.
do
Poultry and eggs
_.do-.._

INDUSTRIAL PRODUCTION!
(Federal Reserve)
Unadjusted:
129
134
118
120
135
154
121
116
135
Combined index
. 1935-39=100
134
138
' 142
143
118
130
136
120
137
122
- 138
139
116
159
Manufacturesdo
142
148
150
144
155
127
134
128
158
162
161
125
188
167
Durable manufactures
do -175
176
161
164
147
153
166
172
123
170
151
Iron and steel
...do
173
172
181
171
132
111
132
123
126
121
114
116
116
136
Lumber and products*
do .
119
123
'130
107
127
133
118
110
130
123
108
145
133
Fufniture*.-.
do
129
133
135
112
134
126
132
123
114
117
119
113
131
Lumber*
. do
115
118
'128
149
142
129
135
153
129
164
126
215
168
Machinery*
do
176
185
'195
154
131
141
167
172
129
130
172
176
195
Nonferrous metals* _ .
do .
181
190
194
142
127
133
139
136
164
129
129
110
125
112
Stone, clay, and glass products*. -do
142
125
154
136
150
145
141
140
143
163
124
100
Cement .
._
. _ do ._
102
117
139
154
147
161
150
147
146
131
Common and face brick*
do
125
121
119
124
118
115
117
110
119
111
Glass containers*
do
159
120
130
135
118
127
66
93
129
144
79
142
141
131
91
Polished plate glass.. ..
_do ..
141
142
167
120
96
184
132
63
186
131
*216
183
Transportation equipment *
do
199
202
'190
544
501
394
455
590
*862
329
371
624
672
Aircraft*
do
727
751
'801
142
89
70
23
161
*>164
152
151
118
114
Automobiles
_
do _ _
161
139
160
152
116
137
102
124
163
204
106
186
Locomotives*
do
*296
222
234
'266
117
135
141
153
P221
172
124
130
137
Railroad cars*
do
'178
181
178
'196
185
213
229
219
172
176
202
*>381
Shipbuilding*
do .
263
'282
307
'335
'352
119
114
121
121
121
109
111
P135
118
112
Nondurable manufactures
do
'122
129
126
112
108
104
87
107
89
108
120
120
93
94
Alcoholic beverages*
_
do
100
108
116
110
120
122
121
113
112
120
*140
110
Chemicals*
_. _
. .do .
123
128
'134
91
102
104
86
104
98
99
88
98
*>116
Leather and products
do
117
'122
'117
102
86
111
96
P122
95
106
89
98
114
Shoes*..
do
'121
128
123
120
107
116
131
133
126
116
*123
115
104
Manufactured food products*. _ do .
'104
107
111
164
144
79
143
116
80
v 173
83
168
96
Dairy products*
do
'91
106
128
112
151
159
109
127
117
123
102
133
Meat packing _
_ . do .
"132
122
122
119
124
124
124
127
127
123
130
123
Paper and products*
do
128
133
139
'138
123
120
124
124
124
128
131
121
Paper and pulp* _
do
133
'128
'137
139
v 124
113
119
115
114
118
118
119
120
116
Petroleum and coal products*
do
120
119
121
135
141
144
122
149
131
147
148
150
138
152
Coke*
do
154
132
109
114
113
114
115
115
113
Petroleum refining _ . . do
115
110
115
114
*119
103
v 121
119
119
108
113
112
112
109
102
Printing and publishing*
do
115
121
'123
126
126
135
J>162
122
117
109
Rubber products*
do
137
145
115
151
155
157
105
126
140
100
101
118
137
138
111
Textiles and products...
do
143
9157
147
'150
120
129
142
144
109
109
114
139
108
Cotton consumption*
do
164
152
156
160
127
134
138
144
151
154
154
131
137
M68
Rayon deliveries*...
do
148
150
158
51
72
55
65
77
87
79
51
57
Silk deliveries*
do.—
"65
68
74
73
85
98
120
140
146
136
88
109
129
Wool textile production*
do
*165
149
152
'152
112
115
121
98
108
124
112
118
120
108
110
113
110
Tobacco products
..do
r
Revised.
* Preliminary.
tRevised series. For revised data on income payments beginning 1929, see table 21, pp. 16 to 18 of this issue. For industrial production series, see note marked with a
t" on p. 20.
*New series. See note marked with a "t" on p. 20.




20
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

SUEVEY OF CURKENT BUSINESS
1941

July 1941
1941

1940
May

May

June

July

August

Novem- Decem- JanuSepary
ber
tember October
ber

Febru-

ary

March

April

BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTlONf— Con.
Unadjusted — Continued.
Minerals
1935-39=100.Fuels*
-do
Anthracite
do
Bituminous coal
- -- -- do
Crude petroleum
do,...
Metals*
do
Copper*
.
do
Lead
do
Zinc
do _ _
Adjusted:
Combined index
do
2V£anufactures
- ----do
Durable manufactures
do
Iron and steel
._-___.. _do
Lumber and products*
do
Furniture*
do _
Lumber*
.
do
Machinery*
do
Nonferrous metals* ...
do
Stone, clay, and glass products*...do
Cement
do
Common and face brick*
__do
Glass containers*
do
Polished plate glass
do
Transportation equipment*
do
Aircraft*
do
Automobiles
~_do
Locomotives*
-do
Railroad cars*
do
Shipbuilding*
..
do
Nondurable manufactures
do
Alcoholic beverages*
do
Chemicals*
do
Leather and products
»
do
Shoes*
. -do
Manufactured food products*
do
Dairy products*
do
Meat packing
do
Paper and products*
do
Paper and pulp*
-do
Petroleum and coal products*
do
Coke*
--do
Petroleum refining
do
Printing and publishing*
. do
Rubber products*
__
do
Textiles and products
,, ~. do
Cotton consumption*
do
Rayon deliveries*
- do
Silk deliveries*
do
Wool textile production*
do
Tobacco products
do —
Minerals
..
do
Fuels*
do
Anthracite
do__
Bituminous coal -- -do
Crude petroleum
_ do
Metals*
do
Copper* .
do__
Lead
do
Zinc
do._

129
120
*88
126
120
182
159

v 150
151
156
179
p 166
P134
f 154
*123
*210
pl91
pl41
134
148
142
p 195
*845
p 141
296
p 195
*363
p 136
114
"141
P 118
P 124
p 127
pl2S
P 132

P124
151

P 118
p 162
p 162
164
P 189
p70
P 168
119
P 127
P 123
*>80
P 149
P 117
p 155
P 161
150

118
113
90
102
119
148

141
122
119

118
111
104
100

121
111
101
106

116
161

114
179

140
116
116

115
114

121
122

119
118
112
115

131
154
111
113

110
124
127

113
116

109
112
91

110
128
130

112
113

118
111
80

133
112
121
121
121
132
156
107
115

104
133
138
115
110

117
109
83
111

124
115
100
124

111
164

114
171

135
114
118

136
112
127

122
112
97
110

111
102

147
114
135

146
118
139

129

'133

r!39

142

140
143

154
166
127
125

165
181
132
128

170
174
137
132

140
155

154
181

135
158
114
115

146
164
121
121

"132
150
165
123
122

126
133

124
146
164

135

128
153
169

124
125

131
116
118

126
115
111

135
114
113

147
119
117

111
394

107
455

138
517

157
544

162
584

109
140

130
160

133
168

168
624

188
686

148
220
112
103
114

148
227
116
103
116

166
226
120
96
118

177
261
124
101
121

••209

117
117
133

121
125
134
120
147

130
140

111
170
114
113
116

87
113

76
123

119
189
112
108
117

127
213
112
91
115

115
111
126

110
113
116

114
109
119

110
114
121

118
122
127

112
139

122
121

125
124

113
139

116
142

116
144

118
146

88
88

127
128

114
123

113
115
122
104
109
142
58
87
110
117

114
82
120
116
135
143
124
119

96
101

132
132

115
132

112
120
117
107
114
144
56

89
115
118

116
113
116
116
134
143
117
118

94
101
130
130

108
114
109
113
121
137
57
100
103
120

117
129
121
114
139
150
120
129

97
101

124
123
109
110
115
113
124
127
61
106
106
113

112
112
121
108
124
144
117
125

95
99

120
118

112
108
124
116
120
120
65
123
108
116

114
105
119
114
127
132
108
131

97
100

112
109
126
123
126
129
71

132
115
113

109
91
98
115
137
140
119
131

107
112

114
110
132
134
135
146
77

142
113
118

113
94
112
115
148
141
107
134

134
174

108
113

130
131
116
112
144
140
145
156
74

142
114
119

113
105
115
113
151
142
112
135

96
'87
76
19
'116
'149
' 156
121
T
151

141
145
172
168
135
129
139
176
185
158
183

143
146
170
168
128
132
125
181
186
150
156

140
147
167
160
' 132
139
r
128
192
186
142
139

131
138
199
r 726
159

139
135
188
751
144
239
168
r 322
127
104
123
114
115
121
126
134

135
142
••164
r
801
' 110
'279
'173
'339
131
107
' 130
' 114
117
122
129
126
134
136
J>121
133
v 120

139
173
181

119
115

121
164
110
100
114
111
106
117

145
116
140

129
114
114

122
364

106
102

133
163
177

' 144

116
121
105
143
114
90
151
116
147

115
118
112
134
112
98
155
116

111
91

117
117
100

117
323

101
102

113
117
114
130

111
147

125
127

121
145
153

114
116
112
127

146
117
131

114
184

121
122

113
138
146

119
115
96
128

123
137
149
204

' 291

122
105
123
107
110
117
128
114
J129
129
121
148
117
111
141
134
138
157
69
134
113
118
114
98
117
114
144
1148
1 116
137

r 217
r

189
316
123
108
123
108
112
'120
126
126
128
128
121
148
117
114
153
135
142
150
67
136
116
118
113
102
114
113
151
'152
116
142

r 132
r 134

123
150
118
116
155
144
147
158
71
151
117
125
121
102
149
112
148
148
118
140

r H7

158

r 155

156
171
73
' 165
120
101
' 86
71
22
p 113
r 191

' 1£0
120
147

MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
J>212
121
New orders, total
Jan. 1939=100..
133
127
172
130
164
172
194
171
176
189
196
237
"296
141
211
157
159
235
Durable goods
do. 163
252
246
277
277
285
253
p 311
Electrical machinery .
_ do
168
141
208
228
190
294
258
257
288
296
303
*302
Iron and steel and their products
do
145
161
151
140
199
211
216
214
304
256
304
295
255
P279
141
Other machinery
do
159
154
167
212
231
209
267
238
277
267
247
225
Other durable goods _ _
do
135
144
162
179
269
282
292
231
237
263
Nondurable goods
do
118
P158
109
107
108
133
131
129
132
120
132
144
136
P 179
123
126
124
Shipments total
do
117
145
146
152
148
148
159
165
172
127
129
Durable goods
_
.
do
*217
136
140
158
167
172
184
175
198
189
205
Automobiles and equipment
_do
118
107
75
P 172
41
100
148
158
155
161
155
165
165
Electrical machinery
do
147
*244
153
137
161
143
159
181
178
200
209
205
231
Iron and steel and their products
do —
152
133
146
"234
163
180
175
176
190
195
215
198
210
Transportation equipment (except auto211
197
180
188
mobiles)
Jan. 1939=100..
244
234
336
261
268
370
325
439
Other machinery
__ - do
155
157
147
149
165
162
193
170
181
217
230
202
" "Vizis"
138
Other durable goods
do
137
132
*202
147
171
173
172
163
167
196
176
183
109
Nondurable goods
..
do
P 144
111
114
119
128
127
123
134
124
142
133
136
Chemicals and allied products
do _
121
121
110
116
129
P 163
124
130
142
159
144
146
108
Food and kindred products
do
111
114
P133
113
131
122'
114
112
120
127
120
123
Paper and allied products ..
. do..
142
129
137
135
137
P 168
133
142
134
146
152
162
148
108
Petroleum refining
do
112
103
"133
103
111
107
112
107
110
114
121
110
Rubber products
- . ...
do
135
159
122
130
147
163
P 203
164
169
158
193
174
171
Textile-mill products . do .. P 162
92
93
142
113
136
141
140
143
154
157
166
105
Other nondurable goods
do
103
107
147
132
147
P126
114
130
123
142
134
140
r
Revised.
» Preliminary.
t Revised series. Revised indexes of industrial production beginning 1919 (1923 for industrial groups and industries), including the new series, are available on pp. 12-17
of the August 1940 Survey, except for subsequent 1939 revisions for aircraft on p. 19 of the December 1940 Survey, and for rayon deliveries, total manufactures (unadjusted),
and durable manufactures (unadjusted) on p. 20 of the March 1941 Survey; a few minor revisions in 1939 data for transportation equipment, alcoholic beverages, dairy products,
textiles and products, minerals, and crude petroleum are available upon request.
*New series. For industrial production series, see note marked with "f f '. For indexes of manufacturers' orders and shipments beginning January 1939, see monthly
Surveys beginning with the September 1940 issue (description of data and figures for January-June 1939 are available on pp. 7-13 of that issue except for revisions given In
note marked with an "*" on p. 20 of the November 1940 Survey).




21

SURVEY OF CUEEENT BUSINESS

July 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

1941

1940

May

May

June

July

1941

DecemSepAugust tember
October November
ber

January

February

March

April

BUSINESS INDEXES — Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*-Con.
Inventories, total
Dec. 31, 1938=100.
Durable goods
do
Automobiles and equipment..
do
Electrical machinery
do
Iron and steel and their products
do
Transportation equipment (except automobiles)
Dec. 31, 1938=100
Other machinery
do.. .
Other durable goods
do
Nondurable goods
.
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
.
do
Rubber products..
do
Textile-mill products
do
Other nondurable goods
do. ..

P 126. 5
v 137. 8
* 146. 6
P174.8
P125.6
P 138. 0
P 110. 8
P114.5

piis'.e

109.1
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
112.3
115.5
120.1

164.9
110.6
107.0
105.8
111.1
97.5
104.9
97.1
122.2

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

T 109. 4
p 100. 2
p 147.0
P 128. 8
v 107. 2 ~"i65.~3"

112.2
118.4
128.7
116.7
121.1

114.4
121.2
130.6
122.1
123.8

116.5
124.1
130.7
126.8
126.9

119.3
127.9
134.7
'133.5
129.4

120.8
129.7
134.3
140.4
128.5

121.1
130.7
135.6
148.2
127.0

122.1
131.8
138.9
157.1
124.0

'123.6
' 134. 1
' 144. 3
164.0
' 123. 3

207.8

228.8
114.8
104.9
107.1
110.1
101.0
110.3
98.7
124.6
119.9
103.2

251.9
117.6
105.9
108.5
110.5
104.6
110.7
97.7
124.4
121.4
104.2

271.1
122.1
108.3
110.1
114.1
107.0
112.8
98.5
126.6
119.0
106.7

297.1
125.6
110.2
111.2
114.2
105.8
111.8
98.4
131.4
119.7
111.7

318.9
128.2
108.5
110.8
114.8
103.9
112.0
98.4
135.1
121.5
110.0

341.8
129.9
109.3
111.8
115.0
105.1
112.5
98.4
140.6
125.1
108.6

' 356. 8
' 134. 2
' 110. 0

'99.3
' 142. 4
'125.8
' 105. 8

85.7
73.1
78.2
85.3
87.0
98.1

85.5
73.1
77.4
85.9
87.4
98.1

85.5
73.1
77.2
86.3
87.5
98.1

85.9
73.0
78.3
86.5
87.5
98.1

86.0
73.0
78.7
86.4
87.6
98.1

86.1
73.1
78.8
86.4
87.7
98.2

86.3
73.2
79.2
86.4
87.7
98.3

86.9
73.3
81.0
86.4
87.8
98.3

100.4
101.6
97.2
99.3
100.3
104.7
101.4

100.2
101.6
96.2
99.9
100.4
104.7
101.6

100.1
101.6
95.9
100.3
100.6
104.7
101.7

100.7
101.6
97.3
100.7
100.4
104.9
101.8

100.8
100.7
97.8
100.8
100.1
105.0
101.9

100.8
100.4
97.9
100.6
100.4
105.1
101.9

101.2
102.1
98.4
100.7
101.6
105.1
101.9

102.2
102.3
100.6
100.9
102.2
105.4
102.2

' 111. 2

104.1
105.5
110.7
99.8
108.4
99.0
125.5
115.0
100.3

' 112. 2

' 115. 8
' 107. 9
rill. 3

COMMODITT PRICES
COST OF LIVING
National Industrial Conference Board:
Combined indexf
1923=100..
Clothing
do .
Foodf
do
Fuel and light
.
do
Housing
do.. .
Sundries
dt>
U. S. Department of Labor:
Combined index*
1935-39=100
Clothing*
do .
Foodt
.
do
Fuel, electricity, and ice*
do
TTnnsefiimi$hjJTigf!*

do

87.4
73.6
82.2
86.4
88.0
98.5
102.9
102. 7
102.1
101.0
102.9
105.8
102.5

85.2
73.1
78.1
84.1
86.7
97.0

85.5
73.1
79.1
84.2
86.8
97.0
100.5
101.7
98.3
98.6
100.1
104.6
100.6

85.7
73.1
78.4
84.5
86.8
98.2

85.4
73.0
77 A
84.8
86.9
98.1

Rent*
...
.do
Miscellaneous*..
do.. _
PRICES RECEIVED BT FARMERS§
U. S. Department of Agriculture:
103
103
110
104
112
101
99
99
95
96
Combined index
1909-14 - 100
97
95
98
104
90
90
100
107
120
122
112
90
104
81
Chickens and eggs
.. . do._
88
84
82
80
88
80
98
79
78
79
76
Cotton and cottonseed
do..
80
81
77
83
118
118
121
121
124
121
128
111
116
Dairy products
do
105
104
109
106
80
83
89
78
89
75
Fruits,
do..
71
79
79
89
73
104
88
81
84
84
90
81
93
83
80
78
76
Grains
do
77
83
92
129
137
130
130
138
111
112
112
110
Meat animals . ...
.. do
110
114
102
108
134
156
117
161
146
93
98
99
98
114
107
112
Truck crops
do...
117
91
94
104
93
93
102
90
100
Miscellaneous .
. . d o
95
100
107
98
101
RETAIL PRICES
U. S. Department of Labor indexes:
83.0
83.0
83.0
83.0
82.5
82.3
81.7
81.2
Anthracite
1923-25=100
78.6
90.1
90.3
90.3
90.3
90.2
90.0
89.0
Bituminous coalf
do
86.9
85.5
Food (see under cost of living above).
Fairchild's index:
94.5
95.5
94.2
94.8
96.3
93.9
93.7
93.5
Combined index
Dec. 31, 1930= 100
93.2
92.9
92.9
92.9
92.8
Apparel:
97.6
97.6
97.6
97.6
97.7
97.6
97.7
97.3
97.0
infants' .. .
do .
97.3
96.9
97.0
96.9
89.3
89.4
89.5
89.3
89.7
89.3
89.3
89.3
Men's
do
89.1
89.1
89.1
89.1
88.9
93.3
93.9
93.0
93.6
92.5
94.3
91.6
92.1
Women's. _ ._ _.
do .
92.2
92.1
91.8
92.0
91.8
97.7
96.0
96.5
95.8
95.7
98.9
95.6
95.3
Home furnishings
. .do
95.0
94.6
94.6
94.5
94.6
88.8
87.6
87.8
87.3
89.6
87.0
86.8
86.7
Piece goods
.
.
do .
86.0
86.7
86.0
86.0
86.0
WHOLESALE PRICES
U. S. Department of Labor indexes:
83.2
80.6
81.5
80.8
80.0
79.6
77.4
78.0
78.7
Combined index (813 quotations • ) ..1926=100. 84.9
77.7
78.4
77.5
Economic classes:
83.5
84.2
85.5
83.5
87.1
82.8
82.6
82.1
81.5
81.0
Finished products
do
80.5
80.9
81.3
77.5
74.0
75.3
74.6
73.6
79.7
71.4
72.6
70.5
Raw materials
_. _ do .
69.8
70.7
70.7
72.0
85.1
81.6
83.4
81.3
80.7
86.4
80.7
79.4
77.6
77.0
Semimanufactures .
do
77.9
77.8
78.3
74.4
70.3
71.6
71.6
76.4
69.7
68.2
66.4
66.2
65.6
66.2
Farm products
do
66.5
67.9
64.5
70.9
67.8
67.6
74.5
67.0
65.4
67.7
59.3
61.7
64.4
Grains
.. ..
do .
71.2
60.8
86.2
82.4
82.5
83.0
72.7
69.9
88.0
72.4
70.6
Livestock and poultry
do
71.5
69.8
64.7
69.6
Commodities other than farm products*
85.0
82.7
83.6
82.7
82.1
81.9
86.6
80.4
81.3
1926=100....
80.0
79.9
80.5
79.8
73.5
77.9
75.2
73.7
73.5
72.5
79.5
71.1
70.1
70.3
71.5
Foods
do .
70.3
71.4
79.7
81.0
80.2
80.3
84.2
82.3
81.6
77.3
75.1
74.3
72.2
Dairy products
-do
73.7
72.8
63.8
59.4
60.7
59.6
61.2
60.4
64.0
58.9
63.2
60.8
69.0
73.9
Fruits and vegetables... . do ._
69.2
83.6
85.6
83.2
83.7
76.2
87.2
77.0
79.0
75.6
76.1
Meats do
72.9
70.7
73.8
Commodities other than farm products and
85.9
84.4
84.9
84.3
84.1
84.1
87.4
82.3
83.5
82.0
82.3
82.5
82.2
foods
1926=100-.
99.3
99.4
100.1
99.6
98.9
99.3
100.4
97.8
95.6
93.3
92.4
92.5
Building materials
do
92.5
91.7
91.4
91.5
91.3
90.2
91.1
91.9
90.2
90.2
90.1
90.1
90.2
90.2
Brick and tile
do
91.0
90.8
90.8
90.8
90,9
91.5
90.8
90.6
90.7
90.6
90.6
Cement t
do
90.6
90.5
117.2
116.7
116.7
118.4
118.8
117.5
114.4
116.8
98.4
107.1
96.0
94.8 '
94.8
Lumbert
do
81.8
78.5
79.8
78.6
77.7
77.5
76.9
83.6
76.8
77.0
76.7
Chemicals and allied products!
do
76.1
76.7
86.4
85.7
85.9
85.6
85.4
85.1
85.0
86.8
84.8
84.8
84.9
85.1
85.1
Chemicalsf
do ..
97.5
97.2
96.5
96.9
96.2
95.9
96.0
96.2
98.7
95.8
82.2
95.9
82.0
Drugs and Pharmaceuticals t
do
70.4
71.0
70.7
70.4
70.0
69.9
68.1
71.1
68.1
68.0
67.4
67.3
70.8
Fertilizer materials!
-do
' Revised. » Preliminary. • Number of quotations increased to 887 in recent months. JFor monthly data beginning 1933, see p. 18 of the April 1940 Survey.
§Data for June 15,1941: Total, 118; chickens and eggs, 118; cotton and cottonseed, 107; dairy products, 126; fruits, 97; grains, 96; meat animals, 144; truck crops, 146; miscellaneous, 98.
^Covers 37 cities in June, September, and October, 36 in November, and 35 beginning in December; data now available monthly for coal-burning season.
fRevised series. National Industrial Conference Board's index of cost of living and food component and index of wholesale prices of lumber revised beginning 1935, see
tables 5 and 7, respectively, p. 18 of the January 1941 Survey. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940 Survey. Data for chemicals and allied products and subgroups revised beginning 1926; see table 32, p. 18 of the August 1940 Survey.
•New series. For Department of Labor's index of prices of commodities other than farm products beginning 1913, see table 36, p. 18 of the September 1940 Survey. For
indexes of manufacturers' inventories beginning January 1939, see monthly Surveys beginning with the September 1940 issue (description of data and figures for January-June
1939 are available on pp. 7-13 of that issue except for revisions given in note marked with an "*" on p. 21 of the November 1940 Survey). Earlier data for the Department
of Labor's cost of living series appear in table 19, p. 18 of the May 1941 Survey




SUEVEY OF CUEEENT BUSINESS

22
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

July 1941

1940

1941

August

July

June

May

May

1941

September

DecemOctober November
ber

January

February

March

April

COMMODITY PRICES—Continued
WHOLESALE PRICES-Continued
U.S. Department of Labor indexes— Con.
Commodities other than farm products and
foods— ContinuedFuel and lighting materials
1926=100...
Electricity
do
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins do .
Leather _ _ ._
do
Shoes
do
House-furnishing goods
do
Furnishings
do
Furniture
do Metals and metal products
do
Iron and steel
do
Metals, nonferrous _.
_ _ d o
Plumbing and heating equipment.. do
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.)

71.4
74 2
87.4
50.0
99.2
81.9
92.4
107.9
88.5
94.9
81.7
94.7
94.3
81.2
80.5
72.6
85.3
68.4
61.6
29.5
46.1
83.7
77.3
58.2
91.7

71.1
73.3
88.2
49.5
99.0
84.6
91.4
107.0
88.5
94.8
81.8
95.1
94.6
80.8
80.5
72.4
85.3
68.8
61.5
29.5
43.3
83.9
77.7
58.8
93.5

71.1
72.4
84.5
49.2
96.9
77.1
88.3
107.0
88.5
94.8
81.8
94.9
94.8
79.1
80.5
72.3
85.6
68.6
61.5
29.5
43.0
83.7
76.7
58.8
93.5

71.0
73.5
84.8
48.9
98.3
84.0
88.9
107.0
88.5
94.8
81.8
95.4
94.9
80.7
80.5
72.5
85.6
69.2
61.4
29.5
42.8
84.2
76.5
58.8
93.2

71.6
71.6
82.4
49.0
100.4
93.8
90.9
107.0
88.6
95.0
81.8
97.3
94.9
83.6
80.5
73.6
85.7
71.5
61.4
29.5
44.7
86.3
76.9
58.8
93.2

71.9
73.3
80.5
49.3
102.3
101.2
93.2
107.1
88.6
95.0
81.8
97.6
95.3
83.9
80.5
74.5
86.7
73.6
61.5
29.5
42.8
88.8
77.5
58.6
93.1

71.7
73.4
78.2
49.5
102.3
99.3
94.1
107.2
88.9
95.1
82.2
97.6
95.4
83.4
80.5
74.8
85.5
74.9
60.7
29.5
42.5
89.0
77.3
58.3
93.1

72.1

72.1

72.0

72.9

55.3
106.4
110.3
96.9
110.1
91.4
98.0
84.3
98.1
96.1
84.4
83.0
83.0
90.9
91.0
61.3
29.5
49.1
94.1
79.6
58.8
96.7

71.7
73.9
84.4
50.7
101.3
92.2
93.6
107.9
88.5
94.8
81.9
94.5
94.2
80.3
80.6
72.9
85.0
69.4
61.3
29.5
47.0
83.4
77.7
58.0
90.7

77.5
50.0
102.4
99.1
94.4
107.4
89.0
95.2
82.6
97.7
95.7
83.6
80.5
75.2
86.6
75.8
59.9
29.5
42.5
89.2
77.1
58.2
93.1

77.6
50.0
101.6
94.8
94.5
107.4
89.1
95 3
82.6
97.6
95.5
84.0
82.2
76.4
87.2
77.5
60.3
29.5
43.3
91.2
76.9
58.2
93.3

77.0
49.9
102.6
99.1
94.8
107.4
89.5
95.8
82.9
97.7
95.7
84.3
82.8
78.4
87.7
81.1
60.4
29.5
47.7
93.2
77.6
58.4
93.5

78.1
51.9
103.9
104.7
95.6
107.8
90.4
97 1
83.4
97.9
95.9
84.3
83.0
81.0
88.7
86.8
61.1
29.5
48.3
93.3
78.6
58.8
94.5

118.6
123.9
131.2
116.4

128.5
130.4
149.9
119.3

129.9
128.7
154.8
118.9

129.6
129.9
154.8
118.6

130.1
131.4
153.1
119.0

129.1
130.2
151.5
118.6

128.0
131.6
148.6
118.9

125.6
131.9
148.6
118.9

125.9
130.0
145.6
118.3

124.7
129.4
141.4
118.2

125.0
129.2
142.7
118.1

123.6
128.5
142.7
117.8

121.0
125.8
133.7
117.1

86
68
99
76

94
78
94
74

75.6

PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food pricesf
Prices received by farmers
Cost of livfngf

1923-25 = 100. _
_ .__ do...
do
do ..

CONSTRUCTION AND REAL, ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes) :
Total, unadjusted
1923-25= 100 ..
Residential, unadjusted
.
do
Total, adjusted do
Residential adjusted .
do
F. W. Dodge Corporation (37 States):
Total projects _ _
_
number
Total valuation
thous. of dol._
Public ownership
do
Private ownership
do
Nonresidential buildings:
Projects.
number.Floor area
thous. of sq. ft_.
Valuation
thous. of dol_.
Residential buildings, all types:
Projects.
number..
Floor area...
thous. of sq. ft_.
Valuation_
thous. of dol..
Public works:
Projects
number
Valuation
.thous. of doL _
Utilities:
Projects
number. _
Valuation . _ .
thous. of dol
Families provided for and indicated expenditures for building construction (based on
bldg. permits) , U. S. Dept. of Labor indexes:
Number of families provided for. __ 1929 =100.Indicated expenditures for:
Total building construction .
do
New residential buildings
do. _ _
New nonresidential buildings
do
Additions, alterations, and repairs- -do
Estimated number of new dwelling units provided in all urban areas (U. S. Dept. of
Labor) :f
Total..
...
... ... _ _
number
1-family dwellings
do
2-family dwellings
do
Multifamily dwellings
do. _
Engineering construction:
Contract awards (E. N. R.)§_. .thous. of dol. .

v 118
v 100
P 98
*>85

78
75
64
64

86
76
74
69

93
78
85
77

94
81
90
82

48, 531
548, 700
254, 836
293, 864

29, 201
328, 914
111,578
217, 336

26, 679
324, 726
147, 316
177, 410

28, 466
398, 673
204, 568
194, 105

31, 512
414, 941
195, 293
219, 648

8,446
44, 596
202, 492

4,346
16, 971
90, 164

4,078
18, 028
91, 995

4, 130
23, 413
138, 954

38, 093
54, 571
201, 274

22, 939
36, 312
145, 912

20, 584
33, 537
135, 274

1 589
96, 501

1,733
81, 261

403
48, 433

93
82
93 '
82

90
82
95
85

99
83
111
87

93
77
115
90

84
70
103
84

31,671
347, 651
143, 996
203,655

34, 084
383, 069
174, 506
208, 563

31, 528
380, 347
194, 591
185, 756

34, 959
456, 189
257, 693
198, 496

21, 462
305, 205
111, 124
194, 081

5,199
23, 654
119, 189

5,135
23, 431
101, 295

7,284
34, 028
136, 405

6,144
33, 890
148, 367

8,746
42, 129
182, 618

3,438
23, 918
118, 757

4,120
19, 718
90, 058

5,668
29, 451
201, 458

5,233
31, 509
143, 304

22, 387
36, 227
140, 430

24, 277
38, 987
152, 988

24, 758
41, 630
152, 372

24, 888
40, 778
148, 469

24, 009
42, 151
152, 838

24, 176
48, 183
159, 275

16, 936
28, 450
111,306

19. 746
29, 322
116,459

25, 325
35, 801
147, 859

29, 499
41, 978
166, 462

1,789
74, 433

1,686
85, 681

1,685
119, 358

1,339
59, 898

1,482
73, 220

921
51, 430

761
73,447

812
59, 622

725
42, 242

975
84, 592

1 283
71, 426

183
11, 577

228
23, 024

263
33, 608

351
23, 406

439
34, 086

430
24, 975

454
27, 712

476
40 849

276
15 520

410
21 614

336
45 994

365
25 483

106.0

79.6

63.0

79.5

80.4

86.2

98.0

67.4

66.2

63.7

63.4

84.0

116.3

60.6
75.0
30.9
67.8

52.9
58.5
30.6
62.1

46.7
45.2
31.0
69.1

56.0
56.4
39.7
65.8

55.5
55.5
40.9
60.4

51.4
60.5
28.0
60.5

77.7
68.5
69.8
57.0

60.8
47.4
60.3
43.5

63 4
45.6
67.4
40.2

41 8
43.8
27.5
43.7

39 9
43 6
24.4
43.8

47 1
59 8
22.4
54.5

65 3
82 2
34.1
62.5

37, 491
28, 493
3,394
6,054

29, 861
24, 147
2,127
3,587

36, 631
29, 093
3,003
4,535

36, 918
29, 629
3,018
4,271

38, 481
27, 961
3,973
6,547

43, 101
30 164
3,475
9,462

31, 126
23 211
2,375
5,540

29 202
21 265
2 073
5,864

26 727
18 398
1 917
6 412

282, 296

252, 763

347, 852

397, 253

368, 252

702, 842

382, 724

398, 704

584, 549

409, 371

25 001
32 304
270, 373 479, 903
96 425 226 392
173,948' 253, 511

27
20
2
4

480
512
429
539

35 227
27 103
2 760
5 364

424, 269

452, 430

'r 117
93
r 103
r

80

36 380
406, 675
168 817
237, 858

381, 563

HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Totalf
thous. sq. yd__
7,584
7,782
6,756
5,478
7,285
6,882
5,788
5,050
4,967
4,496
3,567
2,083
5,042
2,804
Airports*
_
do
468
1,045
922
48
251
868
1,195
832
644
227
1 029
1 358
Roads
do..
3,425
4,575
3,406
4,049
3,673
5,496
3,170
2,197
2 814
2 262
1 531
819
2 087
2,041
Streets and alleys
.do
1,713
1,821
1, 553
2,368
1,574
2,287
1,658
1,321
1,590
1,007
1,596
1,037
T
Revised.
» Preliminary. §Data for May, August, and October 1940 and January and May 1941 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 Earlier data for concrete pavement contract awards for
airports and for the total revised to include airports will appear in a subsequent issue.
t Revised series. Indicated series on "Purchasing power of the dollar" revised beginning January 1935; see table 4, p. 18 of the January 1941 Survey. For revision in total
concrete pavement awards see note marked with an "*". Revised data on dwelling units for 1939 are shown in table 18, p. 17 of the May 1941 Survey. Estimates beginning
January 1940 cover urban areas as denned by results of the 1940 Census; revised data for all months of 1940 are available on p. 22 of the June 1941 Survey.




SURVEY OF CURRENT BUSINESS

July 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

1941
May

23

1940
May

June

July

August

1941

Novem- Decem- January
September October
ber
ber

March

CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION-Continued
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
3,765
Mileage
no of miles
42, 755
Federal funds
thous. of dol
Under construction:
8,777
Mileage . .
...no. of miles -134, 641
Federal funds
thous of dol
261, 530
Estimated cost
do
Grade crossings:
Approved for construction:
16, 753
Federal funds
-- do
17, 812
Estimated cost
_
__do
Under construction:
37, 384
Federal funds
do
38, 972
Estimated cost
do

4 645
50, 515

4,731
50, 724

4 034
43, 925

3 902
41, 210

3 578
37 242

3 030
32 356

2 892
33, 555

2 926
35, 949

3 047
36 845

3 100
36 477

3 322
39 100

3 621
42 405

8,388
115 864
230, 819

8, 915
121 248
242, 425

9,612
126 761
253, 523

9,439
128 737
257, 567

9,390
131 614
264 589

8,906
127 250
256 691

8,236
121 566
244, 464

7,536
113 922
228, 840

7,315
113 671
227 763

7,413
115 932
232 054

7,773
121 029
241 877

8 334
126 387
246 119

10, 328
11, 394

10,119
11,094

9,652
10, 596

9,496
10, 198

9,779
10, 214

9 473
9,855

9,081
9,307

10, 123
10, 781

10, 573
11,C65

10, 331
10, 719

10 060
11, 632

13 000
13 535

36, 458
37, 751

37, 013
38, 239

37, 682
39, 010

38, 323
39, 674

35, 975
37, 543

35, 831
37 226

34, 813
36, 352

32, 483
34, 001

32, 072
33, 592

33, 226
34, 715

35, 292
36 768

37, 648
39 300

202
191
220
184
208

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

208
198
228
191
214

212
202
230
194
217

212
208
231
194
216

212
209
231
194
216

212
209
231
194
216

213
213
230
196
216

187

188

188

189

189

191

192

193

193

193

194

195

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

98.0
132.9
115.5
120.2

98.3
133.5
116.1
120.5

98.7
133 8
116 9
120.8

98.7
133 8
116 9
120.8

98.5
133 9
119.3
120.6

99.8
134 0
119 6
121.0

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

99.1
135.9
118.6
120.7

99.3
136.3
119.0
121.0

99.6
136 5
119.6
121.2

99.6
136 5
119 6
121.2

99.7
136 6
122 8
121.2

101.7
136 6
123 0
121.3

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

98.7
132.3
114.8
120.5

99.0
132.9
115.5
120.9

99.4
133 2
117.2
121 1

99.4
133 2
117.2
121 1

99.2
133 4
121.2
121 6

100.8
133 7
122.1
122 1

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

96.2
128.2
107.9
117.6

96.7
130.2
109 9
118.4

97.7
130.7
112 5
118 6

97.7
130 7
112 5
118 6

96.3
131 3
114 3
116 2

95.6
132 1
114 5
118 0

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

95.6
127.2
103.3
116.6

96.2
129 7
105 8
117 5

97.5
130 3
109 1
117 7

97 5
130 3
109 1
117 7

95.2
131 0
110 5
114 7

93 7
131 9
110.9
117 0

241.6

242. 2

242.2

244.1

245. 0

247.2

249.1

249.7

250.5

250.7

252.4

255.6

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

110.6
107.8
116.3

112.5
109 1
119.2

113.6
109 9
121.3

114.6
111 0
121.9

114. 9
111.3
122.2

115.6
112 0
122.9

79,930

84, 357

88,074

89,379

84, 689

92, 083

66, 754

56, 878

54, 728

52, 116

75, 516

92, 406

CONSTRUCTION COST INDEXES
Aberthaw (industrial building). . 1914—100
American Appraisal Co.:t
215
Average, 30 cities
1913=100
214
Atlanta
-_. .do
231
New York
do
196
San Francisco
do
218
St. Louis
do __
Associated General Contractors Call types)
195
1913=100-.
E. H. Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
99.7
Atlanta...
U. S. av., 1926-29=100..
134.0
New York
do _
119.9
San Francisco
do
121.1
St. Louis
.
__.do
Commerical and factory buildings:
Brick and concrete:
101. 7
Atlanta
do
136.6
New York
do
123.2
San Francisco
..do
121.4
St. Louis
...do
Brick and steel:
100.7
Atlanta
..
do
133.7
New York
do _
122.3
San Francisco
-do
122.2
St Louis
...do _Residences:
Brick:
95.2
Atlanta
do
132.1
New York
do ..
114.6
San Francisco
do
117.8
St Louis
- do .
Frame:
Atlanta
.. do ... 93.1
131.9
New York
do
111.0
San Francisco
do _ _
116.6
St Louis
do .
Engineering News Record (all types) §
1913=100..
256.8
Federal Home Loan Bank Board:
Standard 6-room frame house:
116.0
Combined index
1936=100.112.1
Materials
do _
123.9
Labor _
do _ _

193

195

194

197

REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance!
thous. of dol. . 119, 566
Premium-paying mortgages (cumulative)
thous. of dol. .3,033,684
Estimated new mortgage loans by all savings
and loan associations, total ..-thous. of dol.. 130, 953
Classified according to purpose:
Mortgage loans on homes:
40, 975
Construction
do
Home purchase
do __ 54, 781
18, 506
Refinancing
do
5,930
Repairs and reconditioning
.do ._
10, 761
Loans for all other purposes
do _
Classified according to type of association:
Federal
thous. of doL. 55, 396
State members
do__ . 54, 495
21, 062
Nonmembers
do _
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of dol.. 1,657,647
Fed. Homo, Loan Bks., outstanding advances
to member institutions
thous. of doL. 145, 273
Home Owners' Loan Corporation, balance of
loans outstanding
. thous. of dol 1,885,087
Foreclosures:
95
Nonfarm real estate ...
. 1926 = 100. .
84
Metropolitan communities. _.
do _..
Fire losses
thous. of dol_. 25, 637

2,233,991 2,288,348 2,348,663 2,411,632 2,479,964 2,559,984 2,628,851 2,706,353 2,785,138 2,846,467 2,908,104 2,968,407
114,542

106, 984

114, 301

117,622

111, 775

114,400

94, 567

88,553

80, 440

82, 330

105, 162

120, 631

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

32,584
33, 875
14, 441
4,869
8,798

30, 032
31, 465
14, 575
4,248
8,233

26, 662
27,809
13, 645
3,784
8,540

26, 483
30, 283
14, 204
3,573
7,787

33, 250
41, 784
16, 903
4,765
8.460

38, 686
48, 311
16, 905
6, 368
10, 361

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

38, 896
40, 143
15, 528

37, 715
36. 729
14, 109

34, 360
33, 947
12, 133

35, 645
35, 301
11, 384

45, 365
43, 947
15, 850

51,371
50, 956
18, 304

1,376,700 1,405,100 1,432,100 1,461,867 1,487,974 1,515,392 1,533,246 1,546,270 1,564,168 1,578,543 1,600,482 1,628,421
137,509

157,397

162, 222

168, 402

176, 047

181, 526

185, 547

201, 492

170, 849

156, 899 145, 959

141, 828

2,017,395 2,012,760 2,004,737 1,996,443 1,987,611 1,980,704 1,968,816 1,956,268 1,942,427 1,929,346 1,913,862 1,899,856
126
119
23,447

116
108
19, 506

111
108
20, 323

108
105
20, 722

111
106
21, 198

111
106
22, 091

103
94
23,449

99
94
28, 617

96
90
26, 470

87
83
26, 102

100
92
31, 471

96
90
29, 330

§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.
^Figures beginning April 1941 include mortgages insured under the defense housing insurance fund




24

SURVEY OF CUERENT 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

1941
May

July 1941

May

June

July

August

1941

Novem- DecemSeptember October
ber
ber

January

February

March

April

DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:
84.6
89.3
Combined index
1928-32=100..
62.5
69.1
63.3
Farm papers
_
do
85.8
85.1
Magazines
do
83.6
83.2
76.9
85.0
Newspapers .
. . _. . do
86.2
82.0
Outdoor
do _
325.2
358.4
Radio §
do
Radio advertising:
7,086
7,928
C ost of facilities, total
. . thous. of dol. . 8,595
680
728
656
Automobiles and accessories
do —
54
56
Clothing
. ...do
69
0
0
0
Electric household equipment
do
81
92
100
Financial
. do
2,039
2,383
2,614
Foods, food beverages, confections do
85
90
TTnvise furnishings, etc
dn
45
846
963
994
Soap, cleansers, etc
..do
0
0
0
Office furnishings and supplies
do
1,157
1,283
Smoking materials
do ... 1,394
1,926
2,109
2,444
Toilet goods, medical supplies
do
218
224
279
All other
do
Magazine advertising:
15, 648
16, 454
18,741
Cost, total
do .
2,415
2,744
3,086
Automobiles and accessories
do
807
925
1,165
Clothing
do
657
842
849
Electric household equipment
do .
504
441
454
Financial
do
2,391
2,213
2,409
Foods, food beverages, confections do
826
1,134
1,404
House furnishings, etc
do
546
514
567
Soap, cleansers, etc
do
150
235
301
Office furnishings and supplies . . do .
863
702
943
Smoking materials.
_.do
2,420
2,325
2 341
Toilet goods, medical supplies
do
4,069
4,378
6,223
All other
do
2,014
2,430
Linage, total
thous. of lines. _
Newspaper advertising:
122, 443 119,883 103,290
Linage, total (52 cities)
do
25,624
23, 936
23,216
Classified
. do
96, 818
95,948
80,074
Display, total ~
do
6,939
7,812
5,639
Automotive
.
do
1,743
1,477
1,485
Financial
do
18, 314
19, 427
17,069
General
.
do
69,822
67, 231
55,880
Retail
do

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

85.4
66.1
83.0
78.8
78.8
355.9

84.9
66.7
85.3
79.7
62.5
340.1

92.1
73.9
80.7
87.6
84.4

82.9
63.4
72.6
77.7
79.8

86.8
59.4
80.9
80.5
89.3

87.7
61.3
83.7
80.0
104.5

89.0
68.8
84.1
83.2
83.5

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
506
55
0
87
2,018
91
874
0
1,169
2,088
385

9,832
742
50
0
92
2,530
103
1,011
2
1,302
2,609
1,390

9,016
724
74
0
91
2,480
93
949
16
1,281
2,365
943

9,307
857
63
97
2,664
105
1,001
17
1,376
2,626
503

9,082
"780
59
0
105
2,557
67
1,052
17
1,416
2,639
••390

8,106
698
60
0
92
2,290
46
915
0
1,263
2,355
387

' 8, 979
807
62
0
99
' 2, 622
58
1,040
0
1,336
' 2, 488
467

' 8, 655
636
46
0
99
' 2, 527
47
1,045
0
' 1, 352
2,587
316

10, 797
1,439
231
261
343
2,138
304
413
80
762
1,969
2,857
1,706

10,005
1,215
487
149
283
2,004
235
382
188
698
1,709
2,656
1,888

13, 635
1,611
1,061
281
378
2,140
825
429
305
790
2,147
3,668
2,410

16,626
2,742
1,216
525
452
2,440
1,177
441
219
776
2,433
4,207
2,432

15, 861
2,427
878
531
432
2,582
945
471
248
874
2,295
4,180
2,460

13, 589
1,270
745
646
336
2,003
684
240
345
682
2,081
4,558
1,691

8,713
1,056
305
94
321
1,615
265
190
137
673
1,177
2,881
1,888

12,524
1, 584
592
245
380
2,198
434
435
219
702
2,135
3.599
2,319

17, 914
2,542
1,210
694
551
2,763
845
568
304
973
2,472
4,993
2,920

17,981
2,816
1,124
832
449
2,444
1,097
541
235
795
2,505
5,143
2,686

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

106, 701
22,328
84, 373
5,035
1,322
14,546
63,469

118,784
22, 786
95,997
6,471
1,606
18, 511
69, 409

113, 191
21,071
92, 119
4,973
1,359
16, 796
68,992

122, 786
21, 918
100,868
4,124
1,742
13, 549
81, 452

93, 171
21, 353
71, 818
3,663
2,295
12,544
53, 315

93,963
20,690
73, 272
5,250
1,432
14,806
51,784

114, 377
24, 712
89, 665
5,907
1,841
17, 228
64,689

119, 230
24. 911
94, 318
6,906
1,976
17, 625
67, 811

GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
.
percent of total

72.2

71.7

71.0

72.5

72.1

72.6

73.9

75.1

75.8

76.6

76.2

78.0

2,087

1,619

1,710

1,627

1,537

1,632

1,479

1,792

2,084

1,712

1,872

1,804

1,683

1,597

1,634

1,719

1,673

1,866

1,668

1,890

4,794
46,898

4,309
40, 028

4,151
38,218

4,226
40, 144

4,134
39,472

3,901
39,041

4,527
42, 719

4,373
41,646

4,914
45, 154

4,879
44, 982

4,496
43,005

5,553
53,309

4,845
46, 535

14,802
116, 544

13,928
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

14, 177
111, 864
1,843

15, 876
123, 430
1,719

14, 541
111, 638
1,328

13, 530
104,754
1,195

16,096
128, 510
1,244

15, 054
118, 156

33, 722
3,961

32,265
3,786

28,668
3,451

27,626
3,565

28,974
3,568

30, 325
3,572

35, 233
4,194

33,201
3,686

45, 390
5,539

32, 316
4,001

30, 536
3,777

34, 036
4,159

34, 486
4,193

NEW INCORPORATIONS
Business incorporations (4 States)

number.

1,732

POSTAL BUSINESS
Air mail: Pound-mile performance millions
Money orders:
Domestic, issued (50 cities):
Number
thousands
Value
thous of dol
Domestic, paid (50 cities) :
Number
thousands
Value
.
. thous. of dol
Foreign, issued— value
do
Receipts, postal:
50 selected cities
do
50 industrial cities
.
do
RETAIL TRADE

Automobiles, value of new passenger-car sales:
131.1
136.2
143.5
Unadjusted..
1929-31=100
118.3
70.9
67.7
140.1
147.9
129.6
104.1
Adjusted
do
122.7
120.2
121.6
118.7
133.4
119.5
128.6
154.3
Chain-store sales, indexes:
Chain-Store Age, combined index (20 chains)
117.0
119.0
132.0
128.0
121.0
av. same month 1929-31=100.
119.0
122.8
120.0
124.0
124.0
132.0
130.0
128.5
123.0
Apparel chains..
. .
do
120.0
145.0
149.0
132.0
134.0
137.0
132.0
136.0
148.0
133.0
133.0
144.0
Drug chain-store sales:*
98.7
98.5
Unadjusted
1935-39=100
99.4
102.2
104.7
140.3
98.6
105.2
104.1
109.2 v 107. 7
100.4
102.1
Adjusted
do
104.8
102.7
103.2
103.8
103.8
107.6
105.3
108.7
107.4
109.7 Pill. 4
Grocery chain-store sales:
114.0
112.8
110.2
Unadjusted .
1929-31=100
P130.8
109.9
110.0
112.4
120.8
115.3
118.4
130.2
123.4
127.4
112.3
Adjusted
do
111.1
112.4
*128.9
112.2
114.6
117.2
111.8
115.3
122.1
126.1 ' 126. 4
122.8
Variety-store sales, combined sales, 7 chains: 1
101.7
99.5
97.6
103.9
v 108. 7
95.8
Unadjusted
1935-39=100
108.0
112.9
225.2
80.5
114.4
92.1
••94.8
105.2
104.4
Adjusted
do
109.2
* 112. 4
106.5
108.1
109.7
110.3 ' 110. 0
109.7
116.2
114.7
Chain-store sales and stores operated:
Variety chains:
H. L. Green Co., Inc.:f
3,784
3,751
3,334
Sales
_ -.
thous. of dol
3,657
3,536
3,992 - 4,395
4,315
7,972
2,890
4,227
2,996
3,546
Rtoros operated
number
151
151
150
151
151
149
150
150
150
150
149
149
149
S. S. Kresge Co.:
11, 815
Sales
thous. of dol
11,643
11, 757
12, 626
13, 443
10, 458
10, 870
13,290
24,683
9,409
10,150
13, 314
11, 507
675
676
Stores operated
...
number
677
682
678
681
684
673
684
678
675
675
S. H. Kress & Co.:
6,514
6,838
Sales
. thous. of dol
6,310
6,691
6,839
7,514
7,958
7,659
15, 732
5,921
8,062
6,222
7,156
Stores operated
number
239
239
239
239
239
241
242
242
242
242
242
242
242
McCrory Stores Corp.:
3,334
3,507
3,611
3,626
Sales
.thous. of dol
3,377
3,768
4,101
4,058
8,028
2,926
3,224
3,691
4,241
202
Stores operated
number
203
203
202
203
202
200
202
204
199
199
199
199
•• Revised.
* Preliminary.
§ Inde x discont nued Decjember 19'10; data fo r radio ad vertising are inclucled, howe ver, in coitnbined iridex.
«Lesst ban $500.
tRevisedseries. Revised indexes of variet y store sa les begimling 1929 jappear in table 30, p. 10 of t he Augus t 1940 Sur vey. H. L. Green Co. data revised t eginning
February 1939: for an explanation of the revisioii and revi sed data, see notes marked w ith a "f" on p. 24 o f the Sep tember 19 40 and D ecember 1940 Surv eys.
*New series. For data beginning July 1934 see table 1, p. 11 o f the Nov Bmber 1940 Survey.




25

SURVEY OF CURRENT BUSINESS

July 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

1941

May

1941

1940

May

June

July

DecemOctober November
ber

August

Janu-

February

March

April

DOMESTIC TRADE—Continued
RETAIL TEADE— Continued
Chain store sales and stores operated— Con.
Variety chains— Con.
Q. C. Murphy Co.:
Sales
thous. of dol
4 398
5 302
4 300
Stores operated
number
203
202
204
F. W. Woolworth Co.:
Sales
thous of dol
29 778 26 067 26 020
2,015
Stores operated
number.. 2,020
2,015
Other chains:
W. T. Grant Co.:
Sales
thous of dol
8 787
8 911
10 576
Stores operated
..number
492
492
493
J. C. Penney Co.:
Sales
thous. of dol
29 383 r 23 601 24 737
Stores operated
number
1 562
1 568
1 591
Department stores:
Collections, ratio to accounts receivable:
Instalment accounts
percent
16.5
17.3
45.9
Open accounts
do
46.8
Sales, total U. S., unadjusted. _. 1923-25= 100__
89
87
*106
114
98
Atlantaf
1935-39=100
136
74
Boston
.1923-25=100
75
88
109
126
107
Chicagot
1935-39=100-Cleveland
1923-25=100
94
111
93
Dallas
do
105
90
132
Kansas City
1925=100
86
76
99
106
122
109
Minneapolis^
1935-39=100
New York
1923-25=100
'84
89
»95
Philadelphia
do
74
73
87
Richmond
_ do
112
120
146
St. Louis
do
82
88
105
San Francisco.
do
95
88
Sales, total U. S., adjustedf
do
89
91
v 106
115
115
138
Atlantat
1935-39=100..
124
106
113
Chicagof
do
103
Cleveland .
. 1923-25=100
87
95
Dallas
. _ _
. .do .
132
105
102
124
110
107
Minneapolist 1935-39=100
New York.
1923-25=100
88
92
p99
Philadelphia
do
74
87
75
St. Louis
_.
.. __ . do .
89
105
88
San Francisco
do
99
97
Instalment sales, New England dept. stores
percent of total sales..
9.6
10.8
7.5
Stocks, total U. S., end of month:
76
64
Unadjusted
1923-25=100-70
Adjusted
do
74
68
67
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.. 145, 359 111, 883 106, 417
Montgomery Ward & Co
..do
60, 520
45, 905
43, 104
Sears, Roebuck & Co_._
do
84, 839
65, 978
63, 313
Rural sales of general merchandise:
Total U. S., unadjusted.
.1929-31=100-.
125.5
148.5
122.8
158.2
East
do
126.3
133.1
South,
do
167.0
135.8
132.6
144.3
114.0
Middle West
do
116 4
F a r West. .
. d o
132.9
138.4
146.7
Total U. S., adjusted
do
161.8
133.8
137.7
East
. . . .
do .
172.0
137.3
145.0
South
do
196 9
160.1
164.9
Middle West .. . ..
do
152.4
120.4
123.3
Far West
do
153.9
153.9
147 9

3 966
202

4 370
202

3 923
202

4 612
202

4 884
202

9 042
204

3 479
204

3 531
204

4 021
204

4 949
204

24 507
2,013

26 828
2,014

25 197
2,021

28 634
2,024

29 688
2,023

54 571
2,025

22 008
2,021

23 666
2,023

26 436
2,020

29 494
2,015

7 698
492

8 750
493

8 276
493

10 172
494

10 569
494

20 030
494

6 655
494

6 771
492

8 439
492

9 805
493

20 882
1 568

24 492
1,575

24 791
1 578

29 584
1,582

33 765
1,586

45 716
1,586

20 284
1,586

18 345
1 587

22 772
1 589

27 555
1 591

16.4
45.4
64
81
51
74
67
76
66
80
67
50
83
66
83
92
118
105
92
108
113
94
73
95
101

16.9
44.1
77
107
62
93
84
94
86
110
76
60
104
78
98
98
123
118
101
122
125
101
80
104
104

16.7
42.4
105
132
80
125
107
127
91
115
108
79
128
106
103
97
122
113
102
115
101
104
79
99
100

17.7
47. 1
101
125
91
112
97
111
95
127
108
87
149
101
103
94
112
107
94
99
106
95
75
89
99

18.1
48.7
114
141
92
130
116
131
99
118
120
100
148
112
116
100
129
118
108
117
117
101
82
96
110

17.5
44.9
179
223
145
199
178
201
158
173
184
148
239
167
188
101
129
118
104
116
111
102
81
101
109

79
93
69
89
75
96
75
92
78
55
99
80
90
101
122
113
100
126
115
99
77
100
109

81
110
63
94
84
100
76
79
79
63
94
81
90
103
127
112
107
118
111
97
82
94
108

93
125
74
109
95
112
95
108
84
74
121
97
99
103
125
116
108
118
109
98
82
107
111

'106
137
86
120
115
117
93
122
100
88
142
111
110
r
104
141
118
105
118
r
119
103
87
105
112

10.0

15.1

11.2

11.8

10.5

7.0

11.7

12.7

11.7

10.7

61
68

66
69

73
70

79
71

83
72

66
71

64
71

70
73

75
74

76
74

88, 565
37, 213
51, 352

101,512
42,692
58, 820

111,622
45, 972
65, 650

133, 857
56, 937
76, 920

127, 938
54,613
73, 324

166, 723
70, 850
95, 873

83,466
33, 495
49, 971

83, 832
33, 841
49, 992

110, 866
44, 485
66. 381

133, 787
58, 068
75, 719

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

179.4
176.0
233.9
164.5
186.5
137.9
136.6
170.3
125.5
153 8

233.7
256.2
268.3
210.6
245.2
146.1
153.9
178.7
135. 0
150.2

110.9
112 3
139.0
102 3
110.5
145.7
147.7
175.7
133.7
150.3

122.0
128 0
161.8
110 3
111.1
150 8
156.5
177 4
138.7
150 1

130.7
138 5
160.5
117.7
138.4
148.9
154.2
177.8
132.8
168 1

151.7
163 4
176.6
139 7
146.7
165 1
171.4
200 5
149.6
164 3

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment estimates (U. S. Dept. of Labor):
Civil nonagricultural employment, total*
thousands.. 38, 278 35, 163 35, 425 35, 454 35, 902 36, 528 36, 867 36, 986 37, 608 36, 621 36, 928 37, 227 ' 37, 676
Employees in nonagricultural establishments, total
thousands
30, 478
31, 465
32, 135
30, 785
31, 084 r 31, 533
29 282
30 385
30, 724
30, 843
29 020
29 311
29 759
Manufacturing
do
10, 797
11 532
10 856
10 982
11 152 r 11, 370
9 824
10 735
9 776
9 832
10 163
10 668
10 479
r
Mining
do
852
855
845
'846
853
854
864
875
'839
856
564
838
837
1,623
1,321
Construction ...
.
do
1,654
1,720
1.631 r 1 775
1,249
1,443
1,511
1,709
1,678
1,748
1,378
r
3,012
3,121
3,039
Transportation and public utilities. do
3,032
3,065
3,028
3,184
3,000
3,059
3,081
3,120
3,056 1 3, 113
6,884
6,165
6,321
6,362
6,197
6,254
6,168
6,433
Trade
..do ___
6,419
6,173
6,259
6, 463
6, 159
4,142
Financial, service, and misc
do-. . 4 325
4,180
4,202
4,226
4,255
4, 187
4,167
4,164
4,214
4 187 r 4 265
4,218
3,887
Government
_.
do
3,931
3,853
3,881
3,876
4 052
3,751
3,799
3 828
3,839
3 906
3 935 r 3 983
T
Military and naval forces*
do. _ _
958
884
474
549
634
822
1,662
464
733
1, 145
1,343
516
1 546
Manufacturing, unadjusted (U. S. Department
r
116.2
115.5
114.7
102.5
107.4
111.4
113.8
124
7
103.2
117
8
122 7
103.1
119 9
ofLabor)t-- 1923-25=100
r 127 7
117 6
118 3
99.2
102 4
112.8
115 5
Durable goodst
do
99 8
108 2
121 0
123 7
131 0
98 4
Iron and steel and their products, not in122.2
cluding machinery ___.
1923-25=100 ..
101.9
103.7
106.2
110.7
113.6
117.1
119.3
121.6
125.0
127.2 ' 129. 4
132.5
Blast furnaces, steel works, and rolling
r
mills
1923-25=100-122.1
123.2
125.2
131.3
129.5
140.2
109.1
127.3
114.3
133.3
119.0
135.0
137. 4
112.8
101.2
Hardware
do
82.9
95.8
112 5
95.9
81.6
105.3
109.0
114 9
117 1
117 1 r H6 6
Structural and ornamental metal work
90.4
93.5
83.4
85.6
79.9
86.5
1923-25=100..
102.4
71.1
73.5
76.0
95.9
97.2
99.1
Tin cans and other tinware
do .
105.2
101.4
100.2
98.9
101.8
108.1
95.6
105.9
104 1 r r107 1 r 109 0
102.8
118 6
74.4
71.3
73.4
74.4
Lumber and allied products
_ do._.
73.7
68.3
68.2
71.3
72 0
68.0
72 6
74 6
73 8
r 97 g
93.7
96.8
97.4
87.3
94.6
97.0
88.1
87.7
91.0
Furniture .
do
95 8
100 1
96 7
Lumber, sawmills
_._do
62.5
66.3
66.1
64.7
62.9
rfi3.7
r fi* 2
65.6
61.9
61.9
61.5
64.9
66.6
' Revised.
tRevised series. Indexes of department-store sales in Atlanta and Minneapolis districts revised beginning 1919, and Chicago beginning 1923; for Atlanta, see table 53, p.
16 of the December 1940 Survey; for Minneapolis, table 20, p. 18 of the May 1941 Survey; revised Chicago data will appear in a subsequent issue. For revisions in adjusted
index of United States department-store sales for 1935-39, see note marked with a "t" on p. 25 of the January 1941 Survey. For revised indexes of employment, beginning in
1937 for all industries and nondurable goods and January 1938 for durable goods, see table 12, p. 18 of the March 1941 Survey.
*New series. For data beginning 1929, see table 11, pp. 17 and 18 of the March 1941 Survey, except for total employment, total employees in nonagricultural establishments, and manufacturing beginning 1937, which were revised to include preliminary adjustment of factory wage-earner estimates to 1939 Census data. Revisions not shown
in the May 1941 Survey will appear in an early issue.
326739—41
4




26

SURVEY OF CUREENT 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

194O

1941
May

July 1941

May

June

July

August

1941
Sep-

tember

October Novem- Decem-

ber

ber

Janu-

ary

Febru-

ary

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Mfg., unadj. (U. S. Dept. of Labor)— Con.
Durable goods— Continued.
115.1
127.3
113.9
116.1
119.2
123.1
162.3
131.2
Machinery, excl. transp.equip.!923-25=100-.
Agricultural implements (including trac134.9;
139.6
137.3
130.6
131.2
133.5
136.6
177. 1
tors)
...
1923-25=100..
Electrical machinery, apparatus, and
103.3
116. 1
153.5
103.8
111.2
120. 6
101. 9
106.6
;. supplies---------;_ .1923-25=100..
Engines, turbines, water wheels, and
190. 4
148.9
182.2
268.2
158.1
167.5
201.0
174.8
windmills
1923-25= 100. .
Foundry and machine-shop products
96.5
98.0
103.4
106.7
134. 5
96.9
110. 1
1923-25=100..
100.5
257. 9
221.1
229.1
234.8
248.0
265.9
324. 8
237.5
Machine tools*
do
163. 6
174.4
136.5
141.0
143.4
159.5
157. 1
159.4
Radios and phonographs
do.
105.3
107.0
119. 8
126.1
139.7
106.6
129.9
113.8
Metals, nonferrous, and products
do
V
154.9
125.5
146.6
184.1
127.1
129.6
162.4
138.2
Brass, bronze, and copper products. do
82.0
85.8
87.5.
88.6
95.7
82.9
82.4
84.5
Stone, clay, and glass products
do
64.7
65.0
60.9
63.1
64.1
73.6
64.8
64.4
Brick, tile, and terra cotta
_ do
109.3
123.6
104. 4
104.9
113.2
117.0
103.3
106. 9
Glass
do
126.9
139. 5
146.0
170. 9
99.7
116. 7
114.3
105.1
Transportation equipment!
do
6, 221. 7 2, 676. 4 2, 913. 5 3, 146. 6 3, 478. 6 3, 764. 3 4, 115. 9 4, 402. 3
Aircraft*
- do
'112.2
134.4
125. 1
109.8
104.9
82.3
' 129. 8
'85.5
Automobiles
__
do
303.2
188.1
197.4
158.2
162.8
170. 2
' 204. 1
181. 1
Shipbuilding*
do
114.4
114. S
113.9
118.7
105.6
106. 2
107.8
112.2
Nondurable goods'!'
do
Chemical, petroleum, and coal products
125. 3
133. 1
118.5
125.6
' 120. 6
119.0
123. 0
119.4
1923-25=100-143.4
145. 6
166.4
138.3
140.4
136. 2
148. 0
141.6
Chemicals
- do
125. 1
125.9
126.4
124.6
140.7
126. 1
123.5
125. 9
Paints and varnishes
do
122. 6
121. 2
120.7
121. 8
123. 2
122.9
122.7
121. 6
Petroleum refining
do
323.8
304.3
306.9
311.7
314. 5
306.0
311. 1
307. 7
Raypn and allied products
. do
147.4
141.3
121.7
135.4
132. 5
127.7
129.7
145.8
Food and kindred products
do
149. 4
146.6
145.9
145.5
144.8
147.0
147. 1
146.6
Baking
do_ ._
108.2
108.0
117. 9
116. 2
105. 7
111. 1
106,8
109.6.
Slaughtering and meat packing. _ _ _ d o
90.8
90.0
9o. 7
86.8
87.0
86.8
91.6
92.0
Leather and its manufactures
do
89.7
93.1
84.6
90.7
88. 4
84.1
84.8
Boots and shoesi
. . ... do- . .
91. 1
120. 8
114.5
116. 2
117. 6
115.0
114. 7
115.2
118. 5
Paper and printing
do
115. 1
115.2
116.2
115.7
122.8
116. 7
116.9
Paper and pulp
...
do
117.1
89.4
106.4
94.4
83.8
83.4
83.5
92. 6
85.9
Rubber products.
--..
do-72.6
73.9
75.2
83.8
68.5
69.3
69.0
70.5
Rubber tires and inner tubes
.-do ...
112.4
96.0
94.5
102. 6
104. 5
105.5
93.7
99.7
Textiles and their products!
do
92.8
98.7
105.0
88.0
96. 1
87.0
85.7
90. 4
Fabrics!
'do ...
120.7
118.9
124.0
112.2
104.9
116.2
107.9
116. 7
WeariQg apparel
.'.'do ..
65.8
66.5
62.2
62.4
66.8
64.8
64.9
64. 4
Tobacco manufactures
do_.Manufacturing, adjusted (Fed. Reserve)!
124.7
108.9
111.4
114.2
do-.102.8
103.9
105.1
107.4
129. 3
107.4
111.2
114.6
97 9
99.0
100 4
Durable goods!
do
104 3
Iron and steel and their products,, not in131.6
112.9
101.2
107.3
116. 1
118.9
103. 7
cluding machinery. _ .
1923-25=100-.
111.1
Blast furnaces, steel works, and rolling
140
123
125
109
127
115
120
123
mills
..--1923-25= 100. .
102
117
105
95
,109
82
84
98
Hardware
—
do
Structural and ornamental metal work
103
84
73
75
86
1923-25=10071
78
81
120
97
96
99
103
100
100
98
Tin cans and other tinware
-do
74.5
70.6
71.3
67.4
67.5
73.6
67.9
69.0
Lumber and allied products..
_.do ...
104
89
93
91
91
90
90
90
Furniture
do _
64
64
64
60
62
66
Lumber, sawmills
..
..do ._
61
60
161.4
113.4
122.5
126.6
114.9
116. 6
130. 9
Machinery, excl. transp. equip
_'_. do _ . .
120. 0
Agricultural implements (including trac172
136
133
141
143
136
140
tors)
.
1923-25=100
139
Electrical machinery, apparatus, and sup153
104
116
103
111
120
101
107
plies
1923-25=100
Engines, turbines, water wheels, and
255
142
152
195
165
175
181
212
windmills
1923-25 = 100
Foundry and machine-shop products
133
107
1923-25=100.
97
98
103
96
110
101
323
237
247
257
220
228
247
Machine tools*
do
265
198
Radios and phonographs..
do
155
144
145
138
142
134
145
140.6
106.0
118.6
122. 3
Metals, nonferrous, and products
do
108.2
126.3
110. 7
115 7
182
124
132
147
153
Brass, bronze, and copper products. do
128
162
140
92.3
78.9
81.3
83.0
84.7
Stone, clay, and glass products
do...
88.4
79.8
81.8
70
Brick, tile, and terra cotta
.
do
58
58
60
61
60
61
65
122
109
112
103
105
Glass
do
103
107
117
163. 8
111 8
111 6
130. 2
140 2
Transportation equipment!
do
110 7
120 9
143 7
6,040
4, 243
2,598
2, 829
3, 115
3,881
4,447
Aircraft*
.
. _.
._ do .
3, 479
128
105
97
125
102
107
116
Automobiles
do
126
294
154
187
Shipbuilding*
.
...
. do-_.
164
175
195
204
186
'120.4
111.5
Nondurable goods!
do
107. 4
108.5
109.6
110.3
113.8
110 2
Chemical, petroleum, and coal products
134.6
1923-25=100.
122.9
122. 0
122 .4
121. 7
122.2
121. 7
124.1
167
141
143
137
138
Chemicals
do
138
141
147
135
121
126
125
122
124
127
127
Paints and varnishes
.
do
122
Petroleum refining
_ ...
do...
122
121
121
123
122
122
120
330
315
310
Rayon and allied products.
do_-_
311
308
309
306
311
135. 1
Food and kindred products
do .
129.0
126.9
129. 1
131.9
129. 8
129.9
132.4
149
Baking _ . .
_ _ _ _ _ _ . .- d o .
145
144
146
146
144
144
146
120
Slaughtering and meat packing. . . .do
107
111
110
109
108
109
114
96.9
87.9
90.9
Leather and its manufactures _ ... do
89.6
89.9
91.1
89.1
93.8
95
86
88
89
90
Boots and shoes.
•__.
do...
87
88
92
121. 2
Paper and printing
do _.
115. 7
116.4
115. 3
116.5
115.7
116. 1
116.8
123
Paper and pulp
do...
115
117
117
115
116
117
116
106. 1
Rubber products
do 83.5
84.2
84.7
87.0
89.7
91.6
93.6
84
69
74^
Rubber tires and inner tubes
. do - . .
69
69
71
73
75
112. 8
Textiles and their products!
do...
96.3
100. 2
102. 6
96.8
101.1
101.9
105.3
105. 8
87.7
88.0
91.3
92.6
93.5
95. 2
Fabrics!-.
_
. _ _
.
. do .
97.7
123. 7
Wearing apparel.
do-_.
112.5
116. 1
116. 5
114. 8
116. 1
111.6
118.0
65.7
Tobacco manufactures
do...
63.2
65.2
62.8
63.0
63.7
63.3
63.4

136.1

139. 8

143.5

147.7

' 156. 5

143.2

149.6

144.2

132.6

' 175. 8

125.8

129.4

136.4

141. 5

' 147. 3

211.8

223.5

236.7

247 1

'255 4

114. 1
276.0
158.5
131. 2
168. 1
88.7
65, 2
116 8
149. 2
4, 684. 1
'130.2
221.0
114.8

117.4
285 8
147.5
131.1
171.5
85.9
64 8
114 4
152 6
5 037 7
'128 5
r 240 3
112 7

120. 0
297 2
144.8
134.7
175. 9
'86.9
64.1

125.8
149 9
126. 0
119 8
315. 1
130 5
144. 1
125.0
90 6
88. 0
119 5
115. 9
97. 5
76.9
107 0
100.4
117.2
65.6

126.0
152 0
126 3
119 1
313 5
121 4
140 5
116. 3
93 4
91 4
116 7
115 7
98 8
• 77.9
106 4
99 7
116 8
60.8

116.6
117 5

' 118. 3 '118.6
122 1
121 1

119.4
123 0

' 122. 1
'126 3

122.4

- 124. 8

125.5

126.2

' 128. 2

130

133

133

133

123.6
130.0
307 i
316 9
149.1
158.5
138.8
136.9
182. 5
180.5
'89,7
'93.0
65 4
'69 2
r H5 g
' 119 5 T 121 S
'157 2
' 161 1 '166 2
5 344 0 5 563 7 '•5 913 6
' 132. 3
' 130 1 '131,4
' 256 6 ' 272 4 '294 4
114 7
116.3 ' 117 8

r

127. 8
155 1
128 6
119 2
311 0
119 1
142 9
110.6
96 9
95 0
117 1
117 3
100 7
78.6
110 1
101 7
124 2
63.7

130.7
159 3
132 9
119 5
312 2
r 120 3

145 0
110.7
98 7
97.0
r
118 1
118.5
' 102. 8
80. a
111 6
102.7
127.0
63.3

' 134. 5
r 162 4

' 137 4
r 120 5
r 317 9

' 123 9
' 146 5
' 111. 3
'98 0
' 95. 8
119 4
'120 3
105.1
'82.7
'112 2
' 103. 7
'126.4
'63.5

113

113

114

116

136
' 115

91
104
75.2

r 109

96

76 3

100
112
75 5

100
113
74.0

101
'113
74.2

136.0

141.2

144.2

148.1

' 156.2

143

147

140

126

126

131

137

142

147

238

' 239

242

'243

118
286

120
' 296

124
304

'129

r 139 0

96
67

219
114
275

150

97
68

r

155

98
67

165

98
65

178

101
65

' 165

315

189

129 4
168
90.4
68

133 3
173
94.6
75

135 1
176
93.0
74

136.1
179
92.3
71

144 9
4 731

150 4
5 089

152 7
r fj 393

153 9
5,509

123
244

123
262

115 7

115 6

115 2

116 0

'181
'92.3
'70
' 121
' 158 6
' 5, 798
' 125
'284
' 118 0

125. 3
151

126. 5
154

127.4
157

128.1
161

' 132. 2
' 163

128
120

130
120

314
135 6

310
r 133 3

306
' 130 9

308
131 5

'324

121
94 3
93
117 3
116
96 8
77
107.2
98 7
121.9
64.7

112
93 3
91
117 1
116
99 o
78
107.3
98 8
122.1
fifi 2

111
93 2
91
117 3
117

113
94 3
92
118 6
119
102 1
80
107.6
100 4
' 119. 4

117

123
220

144

120

143

116

130
120

145

r 100 4

79
107. 1
99 1
120.6
64 Q

118

123
268

134
121
146

r 64. 0

135
121

r 132 8

148
115
'95 5
93
119 8
120
T 1Q4 2
83
' 109. 9
r 103 3
'119.9
r(\Fi 0

r
Revised.
tRevised series. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions not shown on pp. 25 and 26 of the May 1940 Survey are
available upon request. Index for transportation equipment revised beginning January 1939; see table 57, p. 17 of the December 1940 Survey. For revised indexes of employment, beginning in 1937 for all industries and nondurable goods, and January 1938 for durable goods, see table 12, p. 18 of the March 1941 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

SURVEY OF CURRENT BUSINESS

July 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

1941
May

May

June

July

August

Sep-

tember

1941
DecemOctober November
ber

Janu-

ary

Febru-

ary

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Manufacturing, unadj., by States and cities:
State:
108 9
128.9
104 9
111.4
98.9
108.7
99.3
110.2
100 9
Delaware
1923-25=100
112 2
116.7 '124 1
107 7
112.2
116.2
118.4
120.1
126. 1
105.4
129.6
104. 4
118.9
119.3
107. 1
113.9
110.0
Illinois!
- 1935-39=100 ,
152. 3
149.6
138.9
147. 0
151.1
144.8
146.7
136. 2
142.4
137.6
136. 5
144. 4
137.3
Iowa
1923-25=100.117.4
110. 5
116.3
119.0
122.8 • 127. 4
115.3
108.9
111.6
113,3
106.4
Maryland
..1929-31=100.1
106.0
92.9
82.5
94.9
84.9
74.6
Massachusetts
1925-27 = 100 . .
96.1
87.0
90.7
77.7
79.9
74.9
85.3
87.6
132.3
118.0
120.5
129.2
105.6
120.0
123.1
106.0
115.4
116; 6
103.8
111.3
New Jersey.
1923-25=100-_
126.5
97.2
112.0
101. 0
103.5
107.2
88.9
113.8
110.1
89.6
93.3
99.7
NewYork
1925-27=100
88.7
103,6
94.2
100.8
117.6
105.3
112.0
Il4,7
97.4
103. 6
94.0
107.1
108.8
Ohio
1926=100..
, 92.8
95.2
96.2
85.5
84.3
96.4
100.0 ' 102. 3
87.0
89.6
91.3
93.9
Pennsylvania " ' .
1923-25=100 ~~103.9
.98.3
116.3
100.2
105. 2
107.3
95.0
104.2
95.6
107.0
97.0
118. 7
94.3
107. 6
109,4
Wisconsin!
,
1925-27=100-*
City or industrial area:
121.1
108.8
116.4
125.2
113.1
113.5
102.6
102.6
105.7
110.3
Baltimore ._
1929-31=100_,
111.7.
108.0
124.5
116.8
108. 7
115.9
118.7
106. 7
110.9
104.6
128.1
119.3
117.6
113.2
104.4
Chicago!
-- - - 1935-39=100 .
121.7
125.3
109. 4
112.4
114.,!
117.4,
103.7
97.7
101. 3
107, 8
96.9
97,0
110.0
Cleveland
- -.1923-25=100.122, 5 ,
122. 0
120.3
111.6
96.0
102. 6
123.0
64.1
120.2
123.8
121.5
122.1
93.4
Detroit
- -,-do .
120.9
105. 5
125.3
97.5
100.0
115.3
110,5
111.2
113.7
99.4
119.0
101. 4
Milwaukee
1925-27= 100. . 128.3
102. 5
113.5
109.9
86.2
97.1
101.6
104.8
102.5
88.4
91.1
103 0
112. 8 ' , 114. 1
New York
- do *
lO'l. 3 '103. 3
99.4
84.5
9317
83.0
105. 9
82.0
95.7
97.1
87.9
91.1
Philadelphia _ „
1923-25=100.96.7
94.0
98.4
101.6
103.9
' 108. 3
91.1
93.1
96.6
89.6
109.5
86.2
104.9
Pittsburgh
- ,
_- do
100 1
90.6
103. 4
107.1 rl!3. 5
87.5
88.8
89.6
115.8
102,3
89.9
95.7
99.6
93. 4
Wilmington
..
do
Nonmfg., unadj. (U. S. Dept. of Labor);
Mining:
49.8
50.4
50.3
48.7
49.7
50.8
50,6
50. 5
49.9
49.4
48.6
51.8
50.2
Anthracite
1929=100 .
90.2
89.9
89 8
90.6
21. 1
84.9
86 6
87.7
89.2
83 8
85 1
90 1
Bituminous coal
do
'91. 1
72.5
72.5
72.5
. 76.6
70. 3
78.3
72.2
''74, 3
71.0
71.5
72,6
Metalliferous
do
69.2
73.4
»-60. 2
'60.7
63.0
60.4
60.5
63.7
62.4 . , 61.3
Crude petroleum producing
do ...
60.7
60.5
63.6
63.8
63.3
47.2
48. 9
42.4
51.3
45.4
41.7
48.1
48.1
48.5
48,8
47.9
46.9
Quarrying and nonmetallic.,.
-do
'44.2
Public utilities:
'9013
92.7
90.5
91.9
92.2
91. 2
91.8
91 3
92.3
Electric light and power!- .
. do .
92.3
90,1
93.0
90.6
68.7
68.2
68.4
68.4
68.5
68.9
68.4
68.3
68.7
68.5
Street railways and busses!
do -_.
68.4
'68.2
68.0
79.2
78.9
80,4
83.0
79.1
, 77.8
81.8
78.8
Telephone and telegraph!
do.,_84.6
80.9,
79.0
77.3
79.7
Services:
104.4
117.4
108.2
101.0
106.7
110.0
109. 4
112.6
120.7
108.7
106.0
103 3
Dyeing and cleaning .
do *
101,4
99. 7
102. 1
101.4
102. 5
'102.5
105. 5
101. 9
100.2
108.4
102.8
99.1
100.3
Laundries
_ -_ _ _ ^ ' - „ ' .' .' do _ .
101.1
92. 9
95. 1
91.6
93.4
93.4
92.3
90.3
96.8
92 6
90. 3
92.0
93.9
'"94.2
Year-round hotels
do
Trade:
1
92.8
'•.92.5
96.0
91. 2
96.3
108. 1
90.5
97.7
89.1
88.7
94.3
91.9
90.7
Retail, total!
do
109.4
99.4
111.4
94.0
'96. 6
96.2
103.0
152.2
92.9
90.3
103. 5
General merchandising!^
do.,_.
95. 1
90.1
91.2
92.3
89.2
90.9
92.3
92.5
'91.8
91.8
91.4
89.6
88.9
90. 1
Wholesale
__do
91 ,"0
Miscellaneous employment data:
47.2
59.3
49.2
48.6
49,.5
49.3
52.0
54.8
47.6
51.3
51.8
Construction, Ohio1926=100-42.8
296, 583 326, 530 343, 203 351, 601 344, 025 341, 926 289, 232 220, 769 199, 628 184, 042 193, 898 235, 876
Federal and State highways, total t number
55, 455
92, 363 •87, 038
74, 280
131, 970 152, 049 165, 528 172,379 172, 304 161, 252 121,545
47, 693
Construction (Federal and State)
do * *
99, 503 101, 53.5 110, 912
126, 192 134, 051 136, 245 137,703 130, 921 140, 326 128, 499 108,229, 106,420
Maintenance (State)
do
Federal civilian employees:
980, 402 1,014,432 1,025,951 ,039,714 ,059,752 ,091,477 ,114,203 ,184,521 ,151,148 ,173,663 ,202,348 ,251,283
United States
' * do
130, 938 133, 856 138,471 142, 899 145, 620 149, 389 152, 538 156, 017 158,587 161, 527 167, 081 1712, 876
District of Columbia
do
Railway employees (class I steam railways):
1,104
1,039
1,051
1/074
1,094
1,065
1,081
1,088
1,032
1,048
1,071
1, 055
Total *
thousands
Indexes:
57.4
58.8 ,
57.0
60.5
59.4
63.0
58.4
59.8
57.6
58.8
56.7
60.1
58.0
Unadjusted
1923-25 = 100
59.4
62. 3
61.0
60.5
57.4
58. 6
58.8
59.9
57.9
58.0
58. 4:
56.7
56.0
Adjusted
do
LABOR CONDITIONS
Average weekly hours per worker in, factories:
40.2
40.1
39. 0
41.2, . 40.7
38.5
37.5
41.0
38.1
39. 9
38.0
39. 6
Natl. Ind. Con. Bd. (25 Industries).-. -hours..
40.4
40.0
38.4
39.0
38.8
39.8
40.0
37.3
37.5
37.2
38.6
39.3
U. S. Dept. of Labor (90 industries). .do
Industrial disputes (strikes and lockouts):
?400
»-221
147
244
253
214
*>500
207
'250
231
239
'316
Beginning in month
number-267
P590
'371
394
*725
277
'330
'458
361
373
390
394
336
In progress during month _ _ _
do
419
Workers involved in strikes:
'115
.*500
'91
62
43
69
65
63
61
72
*315'
39
Beginning in month.. __ thousands .
53
62
165
*555
108
124
*415
102
83
108
56
In progress during month
do
90
108
77
458
'665
' 1, 130 ' 1, 544 *7,800
586
781
706
484
Man-days idle during month
.- _,.do _ ». *2,250
666
740
915
Employment security operations (Soc. See. Bd.) :
Placement activities:
Applications:
5,093
5,101 , 5, 170 '5, 097
5, 156
4,759
4,911
4, 568
5, 734
5,565
5, 211
4, 619
5,724
Active
file
thousands 1;606 ,' 1, 825
1,816
1,371
1,539
1,495
1,333
1,207
1,401
1,274
1,391
1,318
New and renewed
.
do _
1, 328
376
443
500
378
363
344
331
353
365
350
308
407
330
Placements, totalV
_
_ do _ _
Unemployment compensation activities:
3,738 , 4, 270
4,931
4,008
4,047
3, 622
4,258
4,006
7,292
5,881
6, 525
7, 253
Continued claims. . _ ._
thousands _ ?3,842
Benefit payments:
590
826
667
806
762
*>648
1,220
875
676
1,125
698
1,269
Individuals receiving payments§
do . _
1,201
39, 270
34, 611 33,-608 . 26, 998
30, 886
36, 594
29,561
55, 741
54, 879
51, 695
32,231
53, 618
Amount of payments
...thous, of dol.. 31, 575
Labor turnover in mfg. establishments:
5.54
6.04
4.92
5.62
4.11
6.21
4. 65
5. 52
6.63
4.77
4.76
3.36
Accession rate. .mo. rate per 100 employees.. *6.01
3.41
3.89
3.40
3.16
3.15
3.22
*3.87
3.06
3.00
3.23
3.35
3.36
3.78
Separation rate, total
__--do
.25
.18
.19
.2,1
.16
.14
.18
.16
.14
, *. 24
.19
.13
.16
Discharges
_ __ _ __ _
^do
1.61
1.86
1.06
1.19
1.20
*>1.09
1.60
2.25
1.63
1.48
2.32
1.53
2.78
Lay-offs
»
-do _ _
2.45
1.14
2.13
1.62
1.76
*>2.54
1.58
1.28
.96
1.51
.90
1.21
.87
Quits and miscellaneous *
do
PAY KOLLS
Manufacturing, unadjusted (U. S. Department
122.4
120.7
' 126. 8
116.4
131.2 '134. 8
98.2
105. 5
99.5
111.6
116. 2
of Labor)!
1923-25=100-, , 141. 9
97. 8
131.6
r 139. 2 ' 144. 6 ' 150. 0
159.1
115.1
125.1
132.0
97.4
123. 4
101. 4
106.5
Durable goods! do
98.7
Iron and steel and their products, not in159.1
125.8
104. 3
118. 1
132,9
130.8
r 137.0 '141.2 ' 150. 8
113.5
123.6
cluding machinery
1923-25=100.97.2
102.8
Blast furnaces, steel works, and rolling
' 164. 1
142.1
139.9
128.2
' 145. 4
149. Q
116.2
131:0
134.6
170.6
103.1
124.8
113.9
mills
-— -1923-25 =HKL _
130.4
122.3
128. 4
134.8
138,1 ' 135. 7
113.5
143. 2
118*8
85.7
106. 5
85.8
101.9
Hardware
- •«•
do
Structural and ornamental metal work
89.4
86.0
97.1 ' 103. 4
93.8
74.8
79.6
114.3
78.7
72.9
64.8
67.6
61.7
1923-25=100-.
104.1 ' 113. 1
116.3
117.2 '122.3 ' 127. 4
113. 4
116.8
113,1
121.9
113.5
144.8
100.9
Tin cans and other tinware— ..^.-^do
1
' Revised.
» Preliminary.
•Designation changed from "quit" as separations such as deaths, permanent disabilities, retirements on pensions, etc ., are included.
§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,
•[ Compilation of separate figures for private placements, shown in previous issues of the Survey through February 1941, has been discontinued by the reporting source.
!Revised series. Telephone and telegraph indexes revised beginning 1932, other indicated nonmanufacturing employment series beginning 1929; see p. 17 of the April
1940 Survey; subsequent revisions in indexes for street railways and busses beginning 1932, superseding those shown in the April Survey, appear in table 27, p. 17 of the May
1940 issue. For revisions in pay-roll indexes for all manufacturing.and durable goods for 1938 and 1939, see table 12, p. 18 of the March 1941 Survey. For revisions, in Illinois
and Chicago indexes, see note marked with a "f* on p. 29 of the January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 72 of the
February 1941 Survey will appear in an early issue.
JTotal revised, beginning January 1940, to include State engineering, supervisory, and administrative employees not shown separately; see note on p. 27 of the May 1941
Survey.




28

SURVEY OF CUREENT 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

1941
May

July 1941

May

June

July

August

Novem- DecemSepber
ber
tember October

1941

January

February

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— Continued
Mfg., unadj. (U. S. Dept. of Labor)— Con.
Durable goods— Continued.
63.3
70.9
71.5
71.2
77.9
63.6
73.7
60.7
68.3
68.1
Lumber and allied products ._ 1923-25 = 100_.
72.8
'70.6
'75.7
90.4
92.6
102.1
74.8
75.9
87.4
91.3
74.3
81.7
84.2
r 95 2
Furniture
do
93 9
90 0
58.3
65.1
60.9
60.4
66.2
62.2
63.8
58.1
53.9
59.2
Lumber, sawmills
do
62 7
r 66 4
r 60 5
149.3
122.3
217.4
145.3
125.1
125.7
131.0
137.9
163.0
Machinery, excl. transp. equip
do
167.5 r 176 8
186 2 ' 198 2
Agricultural implements (including trac164.0
160.4
156.2
158.8
171.3
tors)
_ 1923-25 = 100.- 240.3
157.8
148.9
152.0
180.9
162 0 ••242 4
174 2
Electrical machinery, apparatus, and
114.3
145.0
138.2
131.4
118.3
123.7
162.7
supplies
1923-25=100.. 214.2
118.1
157.9
185.9 ' 192. 3
175.7
Engines, turbines, water wheels, and
193.8
275.0
249.4
263.4
451.5
238.5
305.5
210.7
223.8
windmills
1923-25=100 _
331.7
376 4
'368 2
345 7
Foundry and machine-shop products
94.6
114.6
105.4
126.6
1923-25=100.. 165.4
95.8
96.3
101.3
111.7
128.7
143.6 ' 152. 5
136.1
289.7
355.4
r 472 2
506.4
352.3
394.2
302.9
332.3
307.8
302.9
414.5 r 444 7
Machine tools*
do
461 9
126.9
155.7
192. 1
138.5
161.5
164.3
134.0
163.6
144.9
149.8
Radios and phonographs
do
157 2 r 163 9
146 4
103.6
141.7
165.9
105.9
128.0
136.3
149.6
105.8
117.0
Metals, nonferrous, and products
do
146.0
155 1 r 157 o
151 2
134.2
201.6
190.0
243.9
146.2
140.8
177.6
Brass, bronze, and copper products.do
160.7
218.8
220.1
r r233. 6
236.7
224.2
74.6
82.0
97.0
79.7
83.0
73.4
85.7
76.7
Stone, clay, and glass products
do
79.6
71.1
91 1
r 85 2
r 82 0
r
49.2
69.4
55.1
54.0
54.0
56.8
51.1
51.8
Brick, tile, and terra cotta
_ do
53.6
54.6
62 4
56 1
54 8
112.0
130.8
129.8
137.6
147.6
111.0
120.7
105 2
116.0
Glass
do
131.0 r 135 3 r 140 5 rr 143 5
r
118.5
197.2
163.3
166.1
141.5
169.2
121.0
98.9
115.8
176.2 r 190 g
Transportation equipment!
do
191 4
!97 2
7, 720. 4 2, 601. 5 2, 968. 2 3, 124. 6 3, 727. 4 4, 211. 9 4, 639. 4 5, 012. 9 5, 356. 3 5,r 919. 7 6 440 6 6 678 3 '7,182 5
Aircraft*...
do
111.1
r 146 9
150.5 »• 145. 0
r 159 3 r 163 0
145.4
112.0
80.5
96.1 r 125.1 •• 149. 2
147. 7
Automobiles
do
180.4
«• 237. 8
193.4
227.5
244.3
424.6
185.8
211.6
' 287. 7
Shipbuilding*
.
do
307.6
365 0 '392 5
338 1
96.8
106.6
108.1
112.1
122.5
97.4
104 4
107.7
99.1
Nondurable goodsf
do
108. 1
116 3 r 117 8
112 9
Chemical, petroleum, and coal products
1923-25=100.. 162.2 r 133. 5
139.3
133.2
138.2
139.7
133.0
134.4
144.2
142.1
148.2 ' 156. 6
144.2
161.9
176.2
221.7
181.7
167.2
187.9
165.2
169.3
170.9
Chemicals
do
188 2
r 208 3
201 7
193 9
r 157 9
136.3
135.8
169.1
135.7
136.2
132.4
132.1
135.6
138.7
Paints and varnishes
- do
137.4
147 4
141 7
136.8
136.2
r 142 4
133.3
137.1
139 0
146.6
139.3
Petroleum refining
do
137 4
136 6
132 2
133 4
132 1
311.4
r 342 3
355. 9
322.6
331.4
334.4
Rayon and allied products
do
314.3
314.7
327.7
318.0
335 9
332 9
327 6
121.5
134.2
128.8
Food and kindred products..
do
134.7
129.0
138.5
132.4
131.3
139.0
120.2
122 5 r 125 5
119 6
137.8
139.2
138.3
149.1
137.7
140.8
142.1
140.1
140.8
Baking
do
134 5
140 9
140 0
137 8
110.4
115.8
114.7
112.6
118.9
Slaughtering and meat packing
do
133.3
112.3
117.6
137.3
119.7
' 116. 1
114.2
113.5
63.6
73.4
74.6
68.5
78.5
Leather and its manufactures
do
91.0
67.0
76 4
77.0
r 92 3
83 3
96 1
91 5
69.1
58.1
62.5
86.7
72.0
74.6
75.0
73.2
r 89 1
Boots and shoes
... do
62.7
80 1
94 2
88 9
113.1
115.2
115.4
112.3
124.9
110.9
113.4
Paper and printing
do
120 8
111.2
115 4
121 3
117 1 r 19Q 3
124.2
r 139 i
126.2
123.8
123.8
124.8
124.2
Paper and pulp
.
do _ _ . 145.5
126.3
128.5
127 5
136 4
132 5
87.1
99.5
102.0
129.2
86.4
85.2
95.7
111 1
Rubber products
do
87.7
111 6
119 5 r 122 5
115 3
79.9
86.6
77.4
84.6
89.7
112.0
77.5
96.4
r 106 7
Rubber tires and inner tubes. _ do _ - 76.3
97 9
102 7
99 7
77.9
93.2
75 4
87 4
92.3
110.3
92.6
97 6
77.7
Textiles and their products!
do
95 1
103 9 r 107 1 r 107 1
73.9
89.5
76.4
90.9
109.0
72.5
80.9
84.8
Fabrics!
do. _.
95.6
93 1
101 1 r 104 1
98 5
81.0
94.8
106.2
76 6
102.5
89.5
Wearing apparel
do
75.7
94 9
95 6
93 2 r 108 1 r H2 3 r 106 6
60.7
r 59 1
66.4
66.5
66.4
66.9
62.3
62.3
65.9
Tobacco manufactures
._ do . .
67.4
59 3
62 7
61 7
Manufacturing, unadj., by States and cities:
State:
97.0
108.7
105.3
Delaware
1923-25=100
149.2
98.6
97.0
100 6
104 7
116 9
112 9
128 1 r 137 3
125 1
•too o
112.8
129.4
128.0
115 2
161 6
120 8
124 4
116 4
137 3
Illinois!
1935-39 = 100
134 8
151 6
140 8
126.3
145.1
141.3
128.7
131 4
133 7
Maryland
1929-31 = 100
138.0
150 2
151 6
174 5
161 2
155 1
70.3
84.5
83.9
75.4
M assachusetts
1925-27 = 100 _ . 113.9
70.7
82.5
77.7
91.2
89 6
101 0
104 0
97 0
103.9
123.3
107 5
124.9
New Jersey
1923-25 = 100
161.1
113 2
121.2
106 6
134 8
133 2
145
6
147 5
139 1
85.4
98.2
100.5
101.5
New York
.
1925-27= 100. _ 129.0
86.7
87.6
92.8
108 2
108 2
119 2
122 6
113 6
'79.3
96.2
Pennsylvania
1923-25=100_.
96.8
r
114 o
120.0
83.5
r
108
5
88.7
91.9
82.5
102.2
99 4
104 7
104.7
119.4
122.1
106 0
102 0
106 9
111 5
1 9Q ^
Wisconsinf
1925-27 = 100
150 9
128 0
126 1
142 5
134 8
City or industrial area:
1 R7 Q
127.4
Baltimore
1929-31 = 100
142.9
147.0
132 7
129.6
135 5
139 3
151 9
153 7
164 2
178 4
112.0
158.2
114.9
126.0
128.5
Chicagof
1935-39=100
123.5
117.0
120.0
136 9
135 1
135 1
148 7
135 1
105.9
122.2
126.6
Milwaukee
.
1925-27=100.. 157.8
101.7
108.7
112.2
106.0
131 3
132 6
144 5
151 7
139 5
84.5
98.8
97.6
82.2
93.9
New York
do ... 118.0
80.8
101.6
101 3
103 3
115 2
115 9
109 7
80.7
100.1
98.0
Philadelphia
1923-25=100.. 124.4
85.2
84.0
89.7
94.7
106.3
114.2
103.6
114.0
110.5
85.2
105.4
103.8
r 131 6
135. 3
Pittsburgh
do
89.3
89.7
96.0
98.0
113 1
109 7
118 7
114 5
•I 1 O (•
r 124 1
87.1
93.9
Wilrrungton
do
94.9
134 1
87 5
85 8
86 1
89 7
105 8
102 5
115 9
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
40.0
32.3
37.6
Anthracite
. 1929=100-.
33.4
40.6
36.5
33.1
39.3
42 7
38 5
42 4
24 3
45 2
75.3
r 93 g
83.6
'Bituminous coal
do
99 2
73 9
75 2
82 5
84.5
83 2
Qft R
91 4
87 8
15 5
65.7
71.4
65 4
Metalliferous
do
81 8
63 7
69 5
69.8
71 R
68 5
72 8
72 7
70 4
76 9
T
58.7
Crude petroleum producing
do _ .
57.6
59.6
59.1
56.8
r 56 1
58.8
59 0
58.2
r 57 i
55 9
56 2
57 3
•3Q n
42.7
43 9
46.7
Quarrying and nonmetallic
do
53 6
43 5
42.3
r 40 3
45 2
46 2
42 4
36 9
47 0
Public utilities:
104.2
Electric light and power! - _ . - .
do ... 110.3
106.9
107.0
104.8
108.1
105.8
105.8
106 0
105 1
107 8
105 4 r 106 1
69.2
70.7
73.0
Street railways and busses!
do
70.5
70.3
70.0
70.4
71 5
73 1
70 7
71 8
n n r 72 5
98.8
102.2
109.2
103.2
100.4
Telephone and telegraph f
do
101.3
100.0
101.8
103 5
103 9
108 1
104 3 r 106 4
Services:
85.4
Dyeing and cleaning ._
_ do _
82.4
95.6
89.6
77.8
80.0
78 9
85.6
75 8
73 3
r 77 2
98 1
74 4
88.5
95 5
Laundries _ _.
.. .do
92.4
98.9
88.0
87.2
90.0
90.5
89.9
r 90 9
89 2
89 8
89 7
83.0
84.2
88.4
Year-round hotels
do _
82.0
83.6
80.5
80 7
81.8
r 85 7
84 1
84 1
86 7
86 1
Trade:
83.4
Retail, totalf
_
do __
91.5
87.1
84.8
82.6
81.5
85.8
85.1
97 3
83 7
r 86 2
91 3
84 6
oa p.
General merchandising!
do
86.6
95 8
92 3
89 3
82 3
84 0
97.5
90 5
132 9
r 88 3
86 5
98 5
77.4
Wholesale
do
84.6
80.2
78 4
78.3
80.7
78 7
81 1
83 4
80 5
81 4
r 82 0
83 0
WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
27.67
industries) _ ...
._ -dollars .
29.84
28.23
28.99
29.73
28.16
28.58
30 28
30 61
31 80
31 89
31 41
27 gg
25.43
U. S. Dept. of Labor (90 industries)
do
25.79
27 13
25 25
26 10
26 54
26 93
r 29 10
27 71 r 28 56
29 10
28.80
Durable goods
- . _
do __
31.42
r 33 48
28.52
r 32 90
29.48
29.98
30 57
31.11
31 96
31 90
33 49
Iron and steel and their products, not including machinery _ _ ..dollars
28.16
r 32 64
28.89
30.24
32 ig
29.30
30.97
31.01
30.60
T 32 21
34 41
31 46
Blast furnaces, steel works, and rolling
29.87
mills
dollars
31.53
30.75
32 25
32 93
33.04
33 43
34 65
33 66
34 94
34 51
37 87
Hardware - __ _ _ _ _ _ _ _ _ do...
26.14
25.85
25.45
27.29
27.74
27.53
27.56
28 03
28 95
28 30
28 84
28 64
Structural and ornamental metal work
28.13
28.56
28.87
dollars.
30.02
29.51
28.99
29.26
30 80
32 35
31 67
31 01
33 71
Tin cans and other tinware
do
24.04
25.04
25.61
24.38
9,5 31
25.01
25.16
23.47
25.72
25 RS
r 25 RS
9fi 11
' Revised.
tRevised series. .__
availabteuponrequest. _ _
table 57, p. 17 of the December 1940 Survey. For revision in index for nondurable goods for 1938 and 1939, see "table" 12 ^p.Ts oTthe I^a7ch"i94l"sur^vey"i"Tele"ph^ne and'tel^
graph 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 of this issue.




SURVEY OF CURRENT BUSINESS

July 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

1941
May

29
1941

1940
May

June

July

August

Novem- DecemSepber
tember October
ber

January

February

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES— Continued
Factory average weekly earnings— Continued.
U. S. Department of Labor— Continued
Durable goods— Continued.
20.72 r 21. 24 '21.68
Lumber and allied products. . dollars
22 18
20 22
20 17
21 49
20 75
21 06
21 06
19 37
20 81
21.42
22.32 r 23.03
23.22
Furniture
__.do
22.64
20.59
22.07
20.67
21.39
22.49
22.23
20 28
r
19.59
Lumber, sawmills
do . _
21 03
19. 91 T 20. 33
19 43
20 23
19 29
19 32
19 85
19 06
18 02
19 79
Machinery, excl. transp. equip
do
33.35 ' 34. 26 35. 00
30.11
30.41
35.06
31 22
31.65
33.13
30 67
31.71
30 29
Agricultural implements (including
tractors)!
_
..dollars _
31.42
33.13
33.54
37.84
31.29
32.89 r 33. 25
30.74
31 17
31.41
30 42
30 87
Electrical machinery, apparatus, and
33.00
supplies
dollars. .
32.95
30.01
34.46
34.41
31.21
33.87
30.52
31.26
31.61
30.92
30.14
"Engines, turbines, water wheels, and
39.09
windmills _ ... do liars ..
40.14
38.46
37.99
34 21
36 74
36 21
35 05
36 24
38 17
36 00
35 04
Foundry and machine-shop products
dollars..
32.51 r 33.51
34.39
29.29
29.41
34.60
32.85
30.12
30.31
31.18
30.95
29.33
40.15
41 62 r 41. 49
Machine tools* do
41 10
36 35
36 85
39 56
36 68
37 02
37 73
35 48
36 45
24.08 rr 24. 80 r 25.79
Radios and phonographs -_
do .
25.31
23 09
23 97
25 32
23 61
24 74
23 49
24 89
23 90
30.71
Metals, nonferrous, and products do
31 00
27 02
31 57
31 49
30 02
27 25
30 00
31 63
29 38
28 18
27 12
35.28 rr 35. 17
Brass, bronze, and copper prod_.do
36.45
33.64
29 00
29 95
35.70
35 66
32 97
33 98
31 55
30 73
25. 17
Stone, clay, and glass products
do
24 79
25 90
25 61
25 75
25 17
26 25
24 20
26 50
25 27
23 49
24 81
r
21.74
Brick, tile, and terra cottaj.
do
20.65
21.47
22.
09
20.97
22.30
23.38
22 52
21 62
21.87
21 49
20 95
28.02 r 28 62
Glass
do
26 18
27 26
25 89
28 76
28 70
27 90
28 77
26 90
26 56
24 91
Transportation equipment
. . do _ . .
' 37. 66 38.44
32 83
34 21
38.80
35 60
37.39
36 39
35 96
36 48
35 41
31 88
31. 70
32 37
Aircraft*
do
34 13
29 69
32 62
32 93
35 02
33 17
35 14
31 18
35 55
30 48
37.61
Automobiles
__ do
33 47
40.05
32 26 r 37 06
40.64
35 28
36 31
36 67 rSQ 25 r 38. 05 rr36 49
r
r
36
57
r
39
30
Shipbuilding * J
do
f
37.
69
••34
46
38
71
34 20
36
08
38
37
34 17
39
11
34
86
34 03
Nondurable goods
_ __ do
22.64 r 23.23
21.72
21 81
23 63
22.08
23 57
22 20
22.28
23 09
22 10
21 87
Chemical, petroleum, and coal products
dollars __
30.31
29.73
29.87
30.38
30.24
30 08
29.96
30.08
30 95
30 16
30 90
30 12
Chemicals
do
33 10
32 09
32 23
33 93
32 39
32 72
34 24
31 80
33 50
32 18
33 33
31 95
Paints and varnishes
do ...
29.62
29.55
29.35
29.86
30 46
29.60
30.22
31.57
29 40
30 15
29 28
29 13
Petroleum refining
do
34 46
36 00
35 14
35 20
34 32
34 84
34 68
34 36
36 64
34 93
3,4 94
34 73
Rayon and allied products.
do .
27.40
26.95
26.27
27 28
27 54
26 53
27 15
26 94
26 36
26 99
26 32
26 53
Food and kindred products
do
24 89
25 64
24 43
25 25 r 25 73
25 54
23 82
25 57
23 48
25 78
24 17
24 33
Baking ..
do _
26.46
26.46
26 31
26 31
26 39
26 73
26 57
26 60
26 66
26 40
26 59
26 69
Slaughtering and meat packing. _do
26.82
26.84
27.43
27.82
27.64
27.21
27.38
28 77
26.70
26 81
27 76
27 57
Leather and its manufactures:}: _
do
20.67
17 26
21 89
22 61
18 19
20 05
18 17
21 87
19 37
18 87
19 80
19 86
Boots and shoes t
do
19
58
15 65
17 00
18
32
16
65
20
92
21
77
17
53
18
54
18
94
18 92
20 84
Paper and printing
do
29.75 r 30 04
29 38
29 35
30 37
29 27
30 67
28 73
30 51
29 18
29 35
29 00
Paper and pulp
do
27.02
26.52
26.12
26.35
26.70
26.45
26 14
27.30
27.66
28 19
28 31
26 47
r 31 67
Rubber products. .
do
30.85
28 39
29.45
28 27
29 31
31 13
29 15
31 20
27 81
27 76
31 77
Rubber tires and inner tubes
do
36.67
33.88
34.92
33.11
34 08
34.27
36 59
37 02
31 64
37 55
32 66
37 73
r 19 33
Textiles and their products ...
do
18 13 r 19 08
16 52
17 80
18 09
16 43
18 10
18 46
17 64
19 46
16 85
Fabrics
do ...
16.35
17.71
17.93
16.24
18 61
17 57
17.95
18 28
17 15
18 89
19 28
16 71
r
Wearing apparel
_
do
18 70
16 97
18 05
16 96
20 35 T 20 72
19 51
18 53
18 98
18 95
17 26
19 96
T obacco manufactures
__ do . .
18.02
18.14
17.76
18.25
18 42
18 98
17 54
18 70
17 79
17 99
17 08
18 36
Factory average hourly earnings:
National Industrial Conference Board (25
industries)
.,
dollars
747
759
737
742
740
744
754
769
741
764
740
784
U. S. Dept. of Labor (90 industries)
do
.689
.673
.678
.669
672
671
683
692
668
667
708
697
732
Durable goods
do
730
744
758
737
739
749
731
762
768
727
785
Iron and steel and their products, not
including machinery
dollars
786
767
.781
774
779
778
777
791
780
795
777
841
Blast furnaces, steel works, and rolling
954
mills
dollars
842
861
857
849
857
851
858
848
866
873
847
Hardware .
do
.695
.692
.683
680
.681
689
.684
697
691
690
693
683
Structural and ornamental metal work
dollars .
.743
.732
.741
735
.743
741
.733
736
782
738
.750
756
r
Tin cans and other tinwarej
do
.648
.635
.624
.634
.632
.632
.638
.647
633
638
627
643
r
Lumber and allied products
do
.526
.529
525
523
.521
.524
534
.528
541
526
547
519
Furniture
do
.555
.552
.546
.546
.552
.547
546
.548
565
550
570
.560
r
Lumber, sawmills „
do _
.505
.510
505
.503
.507
.506
.507
509
. 516
523
496
530
r
Machinery, excl. trans, equip
do
.752
.741
.746
.768
.743
.749
.761
745
. 772
744
778
788
Agricultural implements (including
tractors) $
dollars .
.821
.806
.799
.802
.818
.799
.798
801
.818
820
795
871
Electrical machinery, apparatus, and
supplies!
dollars- _
.757
.773
.757
.757
.752
.764
.766
.762
.756
.776
.780
.782
Engines, turbines, water wheels, and
.866
.840
.812
windmills
dollars. .
.797
.842
.830
.854
.803
.874
.819
.883
.807
Foundry and machine-shop products
.745
.757
dollars ..
.730
.734
733
.762
.740
.728
.755
730
769
779
r 799
Machine tools*
do _
.768
.797
.766
.766
.769
766
760
.781
••.801
768
808
.632
Radios and phonographs
do
606
621
.613
618
626
614
611
621
640
643
644
Metals, nonferrous, and products..-do
.740
.727
.710
.712
702
.701
.738
703
.740
*748
749
701
Brass, bronze, and copper products
.807
775
750
.799
755
dollars
765
777
762
809
805
822
816
r
.682
.672
.671
Stone, clay, and glass products
do ..
.664
.664
.671
.680
668
. 685
689
665
695
r
594
Brick, tile, and terra cottaj
do
.565
.572
.587
.551
.566
.582
564
568
. 589
566
606
r 774
r 773
772
Glass
do
750
.746
739
747
764
740
742
743
770
.902
Transportation equipment
do _
.902
.911
.900
905
897
.898
.900
921
925
891
.918
793
.755
.776
732
738
Aircraft*
do
742
.750
.756
739
.784
738
783
r
949
r 956
".969
950
'.954
Automobiles
do
947
951
957
954
975
984
985
r
r
r
r
ggo
.874
.884
•-.893
.862
862
'.895
Shipbuilding *J
do
869
862
.871
. 900
906
617
620
Nondurable goods
do
615
613
611
609
613
617
621
629
615
624
Chemical, petroleum, and coal products
.773
.765
.777
.760
dollars. _
.783
.757
.770
.778
.766
.766
773
.770
.803
.799
.822
Chemicals t
do
802
798
.798
.811
804
829
.816
.826
839
.722
Paints and varnishes
do .
.716
.741
.741
.717
.721
720
.720
.733
.746
749
755
Petroleum refining
do
983
.966
983
975
977
963
970
986
968
970
967
995
.682
.673
.690
.699
Rayon and allied products
_do
.676
.672
.685
.694
.675
.702
.700
.706
.632
.647
.641
.603
Food and kindred products
do. ..
.625
.615
.641
.649
.651
.610
655
655
.641
Baking
_ _
do
.644
.639
.637
643
.635
.640
.644
640
.644
641
647
Slaughtering and meat packing do
.688
.691
.686
.681
.691
.691
.684
.680
.685
.689
685
696
.555
.558
.552
.555
.553
Leather and its manufactures t
do
.553
.554
.555
.564
.553
572
.579
.529
.533
.537
.530
531
Boots and shoes J
do
.532
.533
.526
.528
.540
549
555
Paper and printing
do .
.794
.792
.793
.802
.792
.797
.789
.799
.791
r 807
.803
805
.656
.662
Paper and pulp
do
.638
.654
.654
.644
.649
.648
.660
.661
.664
.666
' Revised.
{Data for shipbuilding revised beginning October 1940 on the basis of more complete reports; the revision could not be extended to earlier months. For similar revisions
beginning August 1940 for tin cans, electrical machinery, and chemicals, see p. 75 of the February 1941 Survey; beginning June 1940 for brick, tile, and terra cotta, p. 29 of the
December 1940 Survey; beginning October 1940 for leather, etc., and boots and shoes, p. 29 of the April 1941 Survey; and beginning December 1940 for agricultural implements,
p. 29 of the June 1941 Survey.
*New series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.




SURVEY OF CURRENT BUSINESS

30
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941
May

July 1941

1940
May

June

August

July

1941

Sep-

tember

DecemOctober November
ber

Janu-

ary

Febru-

ary

March

April

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES— Continued
Factory average hourly earnings— Continued.
U. S. Department of Labor— Continued.
Nondurable goods— Continued.
Rubber products
dollars ._
Rubber tires and inner tubes
do
Textiles and their products
do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
-do
Factory average weekly earnings, by States:
Delaware
-- -i"
--I1923-25*100..
Illinois!
1935-39=100..
Massachusetts
1925-27=100..
New Jersey
.1923-25 =100..
New York
.
— 1925-27=100..
Pennsylvania
- .1923-25=100..
Wisconsin!
-,
1925-27=100._
Miscellaneous wage data:
Construction wage rates (E. N, R.):T
'Conimon labor
-_dol, per hour..
Skille'd labor
.- - -—do _
Farm wages without board (quarterly)
'• • .
dol. per month _
Railway wages (avg., class I) dol. per hour
Roadrbuilding wages, common labor:
United States, average
dol. per hour..
East North Central
do
East South Central
- _ do
Middle Atlantic- .
___do ...
Mountain
do
New England .
do
Pacific
do
South Atlantic
do
West North Central - do _ .
ta
"V^6st South Central ^
do
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
, employed under Federal work programs!
mil, of dol
Assistance to recipients:!
Special types of public assistance __ _do _
Old-age assistance*
_
do
General relief
_
_
-do _, • Subsistence payments certified by the Farm
Security Administration
mil of dol
Earnings Of persons employed under Federal
work programs:
Civilian Conservation Corps mil. of dol
National Youth Administration:
Student work program
do ._
Out-of -school work program
do _
Work Projects Administration
_ . do ...
Other Federal agency projects financed
1
< from emergency fundsf
mil. of dol
Earnings on regular Federal construction
projects*-:
mil. of doL.

r

0.778
.968
.496
.484
.518
.497

0.780
.967
.496
.484
.518
505

0.785
.971
,502
.486
.534
502

0.779
.960
.512
.486
.558
.492

0.780
.971
.514
.487
.563
487

0,774
.962
.509
487
.552
484

0. 781
.971
.504
.487
.539
486

0.784
.971
.507
488
544
490

0.788
.975
.512
492
.552
498

112.0
125.1
119.8
146.6
113.3
132. 4
127. 2

94.9
108.7
97.6
120.4
96.3
107.0
111. 1

94.6
110.3
98.7
122.6
97.6
108.9
111.0

94.6
109.6
101.1
121.3
97.7
107.9
107.4

90.4
111.0
101.3
122.6
99.4
111.8
110.3

93.1
112.0
104.2
126.6
101.0
113.6
111.4

95.4
113.5
103.8
127.5
100.8
115.8
114.6

97.1
112.4
102.7
127.6
100.4
115.5
116.0

104.0
116.8
108.8
134.9
104.4
120. 9
119.0

98.1
115.6
107. 6
133.8
104.5
117.5
117.6

.741
1.49

.690
1.47

.703
1 47

.707
1 48

.707
1.48

.711
1.48

.711
1.48

.711
1 48

711
1 48

.711
1 47

.713
1 47

716
1 47

725
1 48

725

728

37. 18
723

.719

737

36.84
725

741

746

36 61
741

758

742

40 44
732

.45
.64
.33
.52
.56
.53
.67
.33
.45
38

.46
63
.33
.54
.56
.49
68
33
46
39

.47
61
.35
.53
.56
.49
.68
32
.47
38

.47
.62
.35
.54
.56
.50
.68
.34
.47
.38

.47
61
.34
.53
.55
.50
.68
33
.48
38

.48
.63
.35
.54
.54
.51
.70
.34
.49
.38

48
63
.34
.56
.54
.56
.72
35
49
37

44
63
33
58
53
58
71
34
48
38

43
68
35
.59
51
.55
70
34
47
38

43
67
33
59
53
59
72
34
48
38

<43
65
34
58
52
58
70
' 34
47
39

45
64
34
61
54
57
72
36
45
40

239

219

212

214

203

216

209

218

222

215

217

210

51
39
34

52
39
31

53
40
32

53
40
32

53
40
29

54
41
29

56
42
30

1

1

1

1

1

*>8
43
29
2

59
44
26

2

57
43
31
1

58
43
29

2

55
41
29
I

o

v2

18

16

17

18

19

16

17

18

16

15

3
6
114

2
6
100

5
94

2
5
102

3
5
"94

3
6
102

3
8
104

3
9
94

3
9
97

3
§
94

6

4

4

3

2

2

2

•p 3

47

56

69

86

103

113

110

p 113

18
(°)

3
97

19
(°)

5
97

10

10

8

7

34

36

39

44

(°)

0. 792
.981
.514
492
.555
495

0 804
.993
522
509
547
506

0.799
.994
.516
494
.556
497

107.9 ' 106^ 2
117.5
119.2
111.7
113.5
136 1
138 5
106.0
108.2
121 4
124 3
121.1
123. 3

r

107.2
121 0
114.4
137 5
109.4
' 127 7
122.6

FINANCE
BANKING
Acceptances and com'l paper outstanding:
188
206
182
177
215
214
187
Bankers' acceptances, total
mil. of dol..
197
209
213
212
220
217
O
Q
0
o
0
0
0
0
o
0
0
Held by Federal Reserve banks - do . ,
0
152
164
148
142
171
166
149
Held by accepting banks, total..
do
159
167
168
164
170
170
112
103
113
103
96
105
100
Own bills
do
99
103
100
99
107
105
58
49
54
42
60
44
53
Bills bought
_do._
60
67
65
63
66
65
40
36
43
35
38
51
34
38
Held by others .
do
42
45
48
46
47
232
234
224
245
251
252
Commercial paper outstanding _.do . .
295
232
232
218
275
241
263
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.:
3,058
3,056
3,008
3,060
3,050
2,988
3, 035
Total, excl. joint-stock land bks.f-tnil. of dol._
2,986
2,973
2,964
2,970
2,982
2,976
2,549
2,540
2, 458
2,553
2,534
2,526
2, 517
2,508
2 485
Farm mortgage loans, total
2 489
2 500
2 475
2 467
r do
1,8H3
1,875
1,862
1 824
1,880
1,871
1,867
Federal land banks
do
1 856
1 851
1 844
1 842
1 836
1 830
669
634
671
665
655
652
663
659
Land Bank Commissioner
do
645
648
643
640
637
82
81
90
83
83
89
96
Loans to cooperatives, total.
do ..
96
93
92
91
88
85
Banks for cooperatives, incl. central
77
62
65
74
64
67
73
79
bank
miL of dol
75
75
74
70
68
18
18
15
15
16
16
17
Agri. Mktg. Act revolving fund
do
17
16
16
16
16
16
429
434
422
394
433
440
420
383
Short term credit, totalt
do
381
382
413
393
431
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
199
217
191
196
203
197
cooperatives cT
mil. of dol
191
188
187
186
203
212
192
42
38
42
40
41
40
35
Other financing institutions^
do
34
34
35
39
37
36
195
204
215
200
203
195
180
Production credit associations -_: do ._
173
172
174
182
195
207
8
8
8
6
7
7
6
Regional agn credit corporations. ..do
6
6
6
6
6
6
129
130
129
128
122
130
127
119
Emergency crap loansf
^..^..do
117
129
119
US
125
52
52
52
52
51
50
51
Drought relief loans ._
do
51
50
50
50
50
50
54
56
44
55
53
52
51
51
Joint-stock land banks, in liquidation!. do
48
47
46
44
.45
39, 919
34,194
31, 960
32, 856
29,918
30, 862
36, 317
Bank debits, total (141 cities)
_ „ _ _ . _ _ . do
35, 771
42 952
37 645
32 725
40 988
38 731
14, 536
13, 612
13,110
12,594
14, 952
16, 124
11, 604
14, 952
New York City .. do
18 626
15 147
13 268
17 402
15 657
19, 659
19, 244
18, 314
23, 795
18, 850
18, 267
21, 365
Outside New York City.
.,^-do
20,819
24, 327
22,498
19,457
23,586
23, 074
r Revised. * Preliminary. ° Less than $500,000. cf To avoid duplication these loans are excluded from the totals.
^Construction wage rates as of June 1, 1941; common labor, $0.747; skilled labor, $1.49
§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 1040; this item is included in all earlier data on general relief and in figures for July 1937-August 1940 on special types of assistance.
tRevised series. Indexes for Illinois revised to a 1935-39 base; for factors for converting indexes on a 1925-27 base beginning 1935, see p. 29 of the January 1941 Survey.
Revised indexes for Wisconsin beginning 1925 will be shown in an early issue. For revisions in data on emergency crop loans published in the Survey prior to the September
1940 issue, see note marked "t" on p. 76 of the February 1941 Survey. Total public assistance and "other Federal agency projects financed from emergency funds" revised
in the March 1941 Survey to exclude earnings on regular Federal construction projects; revised data beginning January 1933 will appear in a subsequent issue.
*New series. For data beginning 1933 for old-age assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Federal construction projects
beginning January 1938 will appear in a subsequent issue.




SURVEY OF CURRENT BUSINESS

1041
Monthly statistics through December 1939, together with explanatory notes and references
to the sources pf the data, may be found in the
1940 Supplement to the Survey

1941

1941

1940

May

SepNovem- Decem* Janutember October
ber
ary
ber

May

June

July

August

31
Febru- Harch
ary

April

FINANCE—Continued
BANKING— Continued
Federal Reserve banks, condition, end of mo.:
Assets, total...— _-....mil. of dol._ 23,859 20, 585 21,408 21, 801 22, 176 22,440 22, 865 23,017 23,262 23, 306 23,528 23,409 " 23,686
Reserve bank credit outstanding, total
2,516
2,519
2,531
2,484
2,304
2,234
2,280
2,485
2,274
2,243
mil. oldoL.
2,250
2,265
0
0
0
0
0
0
0
0
0
0
0
Bills bought--do .
0
2
4
Bills discounted
do
3
4
4
5
3
3
2
4
4
2
3
2,436
2,466
2,184
United States securities
do
2, 184
2,477
2,448
2,434
2,333
2,184
2,184
2,
184
2,199
2,184
18,959
Reserves, total _
» •„
do
17, 346
18, 120
18, 579
19, 272
20, 615
19, 632
20, 436
19, 881
20 036
20 285
20 533
20 366
Gold -certificates
.
.
do.
16, 994
18, 202
18, 940
20, 112
20,204
18, 618
17, 754
20, 325
19, 289
19, 586
19. 913
19, 760
20,03-1
22, 176
Linbilities, total .,»..
do
23 859
21, 801
22, 440
22 865
20,585
21, 408
23 017
23, 409 •23 686
23 262
23 528
23 306
Deposits, total.- 1 . . .
. d o
14,
575
15,213
15,
867
15,575
16,
063
16,
272
16, 132
16, 218
16, 191
16, 127
16 396
16, 220
16 351
13, 541
Member bank reserve balances . d o _
13, 237
13, 781
13, 498
13, 727
14, 20§
13,724
14, 215
13, 371
14, 026
13, 524
13,930' 14, 203
Excess reserves (estimated) . do
6, 525
6,385
6, 857
6,514
6,655
6,849
6,615
6 380
5,776
5,801
6,960
5,771
6 534
5,370
5, 057
5, 248
Federal Reserve notes in circulation. .do
5,199
5,884
5,450
5, 577
5,743
6, 143
6, 282
6,503
5,931
6,022
89.3
88.4
89.2
Reserve ratio _
^
percent-88.8
89.6
90. J
90.6
91.2
91.1
91.0
91.3
90.8
91.0
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of doL. 24, 311 20,287 20,510 20,984 20, 901 21, 152 21, 853 22, 189 22, 299 22, 932 23, 431 23, 093 23,712
Demand, except interbank:
Individuals, partnerships, and corporations
,
mil. of dol_. 23, 622 19, 696 20, 167 20, 499 20, 415 20, 741 21, 266 21, 771 22,324 22, 401 22,812 22, 518 23, 173
1,434
States and political subdivisions-. -do
1,578
1,440
1,497
1,463
1,651
1,495
1/579 • 1, 820 ' 1,- 747
1,903
1,860
1,595
560
515
509
505
214
508
United States Government »--- do .
509
451
396
506
332
386
390
5,352
Time, except interbank, total. -.mil. of doL.
5,333
5,341
5,380
5,465 • ' 5, 476
5,449
5,381
5,371
5,397
5,448
5,455
5,f7&
Individuals, partnerships, and corporations
L-,
mil. of dol._ 5,240
5,120
5, 146
5, 174
5,269
5,187
5,144
5,171
5,180
5,269
5,234 - 5,240
5,273
191
183
182
175
170
175
185
States and political subdivisions- do._
183
171
192
196
- 181
179
Interbank, domestic
- _.
.do
8,577
•
8,431
8,
505
8,
239
8,707
8,734
8,843
9 076
9,343
9,065
9 043
9 220
9 253
15, 124
15 622
15, 049
15,461
15 544
Investments, total . ..
do
15 774
16 137
17 124
17 689
16 368
15 693
17 680
16 955
U. S. Govt. direct obligations, total.. do.... 10, 974
9,081
9, 202
9, 457
9,280
9, 373
9,950
9,' 374
9,543
10, 578'
10,812
9,719
10, 334
627
757
Bills
...
.
do
791
705
742
929
628
73(5
784
611
685
869
727
6,573
7 052
Bonds
.L
do
6, 528
6, 382
6,567
6,540
6 804
7 833
6,898
7,051
7,653
7 753
6 978
2, 063
Notes
.-Ldo._
1,926
2,095
2, 099
2,112
2,214
2 212
1,861
2,130
2, 183
1,834
2 190
2 555
Obligations fully guaranteed by U. S. Gov2, 399
2,405
2,584
ernment
..mil. of dol_. 3, 022
2,744
2,418
2, 582
2, 627
2,707
2, 753
3,115
2,743
2,766
3, 569
3,517
3,665
Other securities
. _
do
3,586
3, 692
3,682
3 674
3 693
3, 524
3 798
3 675
3 753
3 855
8,475
9 828 <t
Loans, total
.
.
do
8,462
8,785
8 566
8,517
9 308
8 909
10 226
9, 128
9 390
9 870
9 495
*t, Commercial, industrial, and agricultural
4,441
4,367
4,480
loans
...i
mil. of dol_.
4,630
4,773
4,911
4,438
5,076
5,465
5,673
5,018
5,227
O pen market paper,. ._•
do
291
322
301
297
294
299.
314
304
347
367
301
319
To brokers and dealers in securities, -do
478
380
419
390
446
458
504
41Q
571
584
467
465
47S
Other loans for purchasing or carrying
471
securities
.
.
mil. of doL.
481
474
460
463
459
454
455
451
4*50
445
465
455
1,199
1,219
Real estate loans. __ . .__
. do
1,189
1,210
1,222
1 229
1>228
1 239
1,220
1 235
1 230
1 232 1 228
41
48
40
Loans to banks
do
40
39
46
52
35
42
37
40
30
36
Other loans
i
do
1 592
1,633
1 642
1 691
1 672
1 709
1 724
1 737
1 778
1 883
1 755
1 799
1 748
Instalment, loans to consumers:*
By industrial banking companies:
47.0
45.3
Loans made i _.
.
do
48.2
41.0
42.6
«, 43 7
44 4
44 7
48 6
50 7
51 6
42 4
Repayments j..... _ __.
do
44. 2
42.0
42.6
38.5
42.6
43 1
44.1
47 5
43.8
44 6
46* 6
42 4 1
273. 9
278.3
279.4
Amount outstanding, end of month . do.
282.5
283. 1
283.7
280. 0
288.3
287.7
r 29-1. 5
296 5
288 3
By personal finance companies:
79.1
78.6
78.4
76.8
Loans made
do
69.2
74 3
77 4
68 2
84 9
88 9
107 6
67 0
Repayments
do
70.3
71.3
72.7
68.4
74. 1
70.0
74.8
70 1
•89 3
80 3
81 0
69 0
483.5
462.2
471. 0
484. 5
Amount outstanding, end of month. _ do _ _
476.7
484.3
503. 5
487.1
506.1
514 0
505.4
501 5
Money and interest rates:
Bank rates to customers:
2.00
2.14
New York City .
. percent
2 06
2 00
2.49
2.56
7 other northern and eastern cities. . do
2. 53
2.53
3.43
11 southern and western cities
do
3.38
3 25
3 36
Bond yields, Moody 's (see p. 36).
Discount rate (N. Y. F. R. Bank)
.do-..
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Federal land bank loans
... .. _ do
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4. 00
4.00
4 00
4.00
4.00
4 00
Federal intermediate credit bank loans. . do.. . _ 1. 50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1,50
1.50
Open market rates, N. Y. C.:
Prevailing rate:
Acceptances, prime, bankers, 90 days
7
Me
percent ..
Me
Me
Me
Me
Me
Me
Me
Me
Me
Me • • Me
A*
l
Com'l paper, prime, 4-6 months.— .do
Vz-%
M-tt
M-ft
/2~5/8
M-M
%-% &-H K-% y2-^ tt~H
!/2-54
H-H
W-H
1
Time loans, 90 days (N. Y. S. E.)--do.-..
IK
IK
IK
IK
IK
IK
IK
1A
IK
IK
IK
IK
. -1H
Average rate:
1.00
1.00
1.00
Call loans, renewal (N. Y. S. E.).._do-___
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
.02
U. S. Treasury bills, 91 days
do .
.02
. 11
.06
.10
.05
.05
.02
.11
.04
.10
.04
.02
.65
.76
.34
Av. yield, U. S. Treas. notes, 3-5 yrs-do
.44
.57
.58
.48
.43
.43
.50
:52
.35
.55
Savings deposits:
Savings banks in New York State:
5,644
5, 629
5,670
5,631
5,657
5,664
Amount due depositors
mil. of dol
5,604
5,635
5,661
5,639
51, 627
5, 652
5,688
U. S. Postal
Savings:
1
1,299
1,293
1, 297
1,314
1,320
.Balance to credit of depositors
do.__
1,310
1,298
1,296
1,304
1,296
1,299
1^317
' 1, r318
43
41
43
42
33
Balance on deposit in banks. ... do
40
37
34
32
38
31
33
36
COMMERCIAL FAILURESf
1,124
Grand total ..
number
1,238
1, 119
1,114
1,175
976
1,024
1, 128
1,211
1, 149
1, 111
1,086
1 129
Commercial service, total
do...
46
49
49
40
43
58,
35
40
50
48
48
66
44
Construction, total
do
65
49
58
53
54
60
70
63
61
57
71
58
70
245
207
196
173
188,
Manufacturing and mining, total . do
206
196
182
188
161
191
200
181
12
5
8
7
7
6
7
. Mining (coal, oil, miscellaneous)
do. _ .
6
7
'- 6
7
8
6
4
7
8
7
7
8
14
9
15
10
Chemicals and allied products
do
16
13.
8
21
22
33
29
30
29
27
Food and kindred products
do. .
40
30
39
25
44
36
15
22
22
34
28
24
22
Lumber and products
do
21
30
29
20
24
18
3
8
7
7
14
6
6
5
5
7
14
Iron and steel and products . . . do.
10
7
14
9
9
4
10
7
6
5'
6
10
7
Leather and leather products
do..10
4
11
11
11
5
7
6
5
13
14
6<
Machjnery
.,.
do
14
15
13
24
12
16
Paper, printing, and publishing
do.
14
27
20
20
19
11
18
20
13
14
3
2
1
4
2
3
2
2
4
Stone, clay, and glass products
do
3
6
3
6
54
46
44
44
52
39
57
56
59
35
Textile-mill products and apparel ...'. do
54
36
42
1
1
1
4
3
4
6
3
4
3
5
3
2
Transportation equipment._ _ do
21
23
21
23
36
24
23
31
Miscellaneous....
...
....do
23
19
20
30
, 30
* Revised.
t Revised series. See footnote marked "t" on page 32 of this issue.
*New series. For data beginning 1929 for industrial banking companies, see p. 18 of the September 1940 Survey; data beginning 1929 for personal finance companies will
be shown in a later issue.




24

'i

32

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the
May
1940 Supplement to the Surrey

July 1941

194O

June

May

July

August

1941

September

DecemOctober November
ber

January

February

March

April

FINANCE—Continued
COMMERCIAL FAILURESf-Continued
Failures— Continued.
735
Retail trade, total
.number..
100
Wholesale trade, total
._
do
10, 065
Liabilities, grand total
thous. of dol
647
Commercial service, total ..
..
do ..
913
Construction, total
_
do
2,777
Manufacturing and mining, total .„ do
104
Mining (coal, oil, miscellaneous)
do
19
Chemicals and allied products
do
807
Food and kindred products
do
215
Lumber and products
..
do . .
93
Iron and steel and products.
do
110
Leather and leather products
do
119
Machinery
__
do
168
Paper, printing and publishing
do
95
Stone, clay, and glass products
_do
712
Textile-mill products and apparel
do
175
Transportation equipment
do .
160
Miscellaneous
do
4,765
Retail trade, total
do
963
Wholesale trade, total
do

757
120
13, 068
570
1,201
4,506
200
117
750
814
432
214
206
278
32
836
87
540
5,145
1,646

685
113
13, 734
1,100
984
4,953
444
40
1,002
548
132
251
288
226
82
1,026
140
774
5,314
1,383

738
116
16, 213
594
847
7,050
2,250
253
619
348
254
64
909
272
156
1,484
58
383
5,964
1,758

732
102
12, 997
562
1,272
4,386
421
31
770
845
123
197
325
288
16
1,171
40
159
5,056
1,721

588
108
11, 397
541
893
4,740
1,345
195
272
866
49
86
146
399
112
695
259
316
3,563
1,660

681
115
12, 715
574
854
5,247
361
432
1,074
227
92
100
142
890
69
1,443
37
380
4,194
1,846

646
89
16, 572
596
838
9,090
3,067
444
1,512
358
369
' 75
175
250
25
838
1,399
578
4,699
1,349

691
102
13, 309
665
1,043
5,928
117
441
2,347
254
708
158
72
259
422
873
15
262
4,097
1,576

771
95
11, 888
359
599
4,217
197
88
894
293
555
214
29
524
163
820
7
433
5,084
1,629

719
104
13, 483
552
836
5,983
294
172
1,052
765
354
127
503
185
24
600
619
1,288
4,501
1,611

800
105
13, 444
855
765
3,647
394
78
1,051
282
215
56
85
523
25
359
119
460
6,128
2,049

745
108
13, 827
573
1,120
4,421
202
103
1,493
451
257
20
271
240
250
434
55
645
3,970
3,743

25, 752
4,778
669
4,109
1,607
2,335

24, 420
4,573
662
3,911
1,716
2,467

24, 494
4,591
663
3,928
1,714
2,463

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

25, 076
4,694
664
4,030
1,701
2,413

25, 170
4,697
663
4,034
1,661
2,398

25,299
4,710
658
4,052
1,653
2,383

25, 400
4,727
665
4,062
1,643
2,371

25, 551
4,744
663
4,081
1,632
2,358

25, 655
4,759
666
4,093
1,618
2,347

15, 243
6,788
4,962
3,965
2,720
1,770
1,201
588

14, 325
6,517
4,735
3,509
2,717
1,582
875
464

14, 347
6,520
4,721
3,545
2,708
1,574
952
427

14, 527
6,651
4,852
3,572
2,699
1,605
897
424

14, 624
6,738
4,929
3,579
2,694
1,613
888
425

14, 692
6,811
4,991
3,598
2,717
1,566
922
459

14, 769
6,819
4,983
3,622
2,731
1,597
933
459

14, 851
6,866
5,010
3,619
2,745
1,621
955
462

15, 034
6,889
5,036
3,784
2,689
1,672
862
518

15, 032
6,883
5,045
3,775
2,702
1,672
1,006
515

14, 971
6,744
4,910
3,794
2,717
1,716
1,166
522

15, 116
6,778
4,943
3,879
2,719
1,740
1,144
557

15, 185
6,792
4,961
3,931
2,717
1,745
1,192
554

812
37
516
259
660, 075
49, 812
151, 391
458, 872

793
42
494
256
626, 357
44, 869
141, 921
439, 567
266, 430
24, 750
12, 583
57, 252
171, 845

714
35
446
233
597, 450
48, 946
128, 232
420, 272
256, 608
25, 473
11, 594
57, 112
162, 429

697
33
428
235
605, 326
43, 520
124, 192
437, 614
267, 714
35, 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
549, 955
40, 720
127, 974
381,261
248, 824
25, 938
12, 303
60, 409
150, 174

798
35
506
256
648, 903
55, 244
146, 465
447, 194
246, 403
21, 941
12, 368
51, 766
160, 328

721
28
468
226
560, 912
34, 256
134, 859
391, 797
251, 508
28, 454
11, 844
56, 278
154, 932

800
67
494
238
694, 740
108, 003
142, 371
444, 366
357, 173
51, 185
14, 956
91, 469
199, 563

689
30
439
219
573, 124
35, 744
126, 458
410, 922
285, 226
39, 681
15, 336
60, 863
169, 346

727
32
464
231
589, 370
44, 251
136, 166
408, 953
264, 175
23, 640
15, 932
56, 279
168, 324

816
43
514
259
646, 925
42, 721
148, 978
455, 226
280, 753
26, 494
13, 561
62, 514
178, 184

784
24
502
259
661, 627
51, 096
147, 462
463, 069
261, 495
21, 414
12, 965
61,977
165, 139

604, 162
Insurance written, ordinary, totaLthous. of dol
49, 078
New England
..
.
do
Middle Atlantic
do . 161,514
140, 480
East North Central-.
do
57, 076
West North Central
do
61, 160
South Atlantic
do
24, 524
East South Central ...
_
do
41,650
West South Central
do
15, 692
Mountain
do
52, 988
Pacific
..
do
Lapse rates
1925-26=100.-

571, 625
42, 416
157, 222
131, 230
58, 864
55, 897
21, 857
41, 550
15, 154
47, 435

553, 086
41, 727
146, 613
123, 270
54, 290
58, 094
24, 711
44, 595
14, 956
44, 830
91

566, 061
40, 743
151, 409
129, 284
58,097
57, 633
22, 218
45, 349
14, 893
46, 435

528, 330
39, 632
133, 296
119, 572
54, 877
52, 751
20, 882
42, 674
15, 994
48, 652

503, 427
38, 056
129, 066
113,821
50, 238
51,668
20, 913
42, 647
12, 758
44, 260

573, 504
44, 112
158,087
130, 687
56, 173
56, 987
21, 624
41,778
14, 747
49, 309

505, 474
38, 381
139, 103
115,940
47, 328
50, 654
19, 440
37, 908
12,924
43, 796

596, 534
40, 072
159, 584
137, 459
58, 527
61, 072
25, 230
46, 644
16, 370
51, 576
93

522, 762
43, 440
151,318
121, 164
46, 963
49, 473
19, 207
35, 973
12, 348
42, 876

537, 557
46, 549
148, 981
126, 136
49, 509
50, 217
20, 201
39, 829
12, 481
43, 654

598, 217
46, 533
160, 635
138, 612
54, 634
59, 030
25, 156
47,986
14, 517
51,114

597, 203
47, 503
161,810
136, 931
56, 020
60, 599
24, 583
43, 591
15, 854
50, 312

.298

.298
(2)
.061
.301
.869
.052
.571
(2)
.400
.050
.234
.199
(2)
.238
3.805

.298
(2)
.061
.301
.869
.052
.570
(2)
.400
.050
.234
.200
(')
.238
3.979

.298
0)
.061
.302
.855
.052
.570
(2)
.399
.050
.234
.199
0)
.238
4.034

.298
0)
.061
.302
.863
.052
.570
(2)
.400
.050
.234
.203
(2)
.238
4.033

.298
(2)
.061
.302
.869
.052
.570
(2)
.400
.050
.234
.204
(2)
.238
4.036

.298
(2)
.061
.302
.866
.052
.571
(2)
.400
.050
.234
.204
(2)
.238
4.035

.298
(2)
.061
.301
.848
.052
.571
(2)
.400
.050
.234
.205
(2)
.238
4.034

.298
(2)
.061
.301
.837
.052
.570
(2)
.400
.050
.234
.205
(2)
.238
4.030

.298
(2)
.061
.301
.850
.052
.570
(2)
.400
.050
.234
.205
(2)
.238
4.032

.298
(2)
.061
.301
.877
.052
.570
(2)
.400
.050
.234
.205
(2)
.238
4.025

LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalj
mil. of doL.
Mortgage loans, total
do
Farm
.
do
Other
_do-_Real-estate holdings
.. .
do
Policy loans and premium notes
do
Bonds and stocks held (book value), total
mil. of dol_.
Gov't. (domestic and foreign), total. do
U. S. Government
. do
Public utility
do
Railroad
do
Other
do
Cash .
.
do
Other admitted assets
do
Insurance written:®
Policies and certificates, total number
thousands- .
Group
do
Industrial
_
do
Ordinary
do
Value, total
-thous. of doL.
Group
do
Industrial
_ ._
do
Ordinary
do
Premium collections, total®
do
Annuities
do
Group _ .
do
Industrial
do
Ordinary
_
. d o
(Life Insurance Sales Research Bureau)

MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso
Belgium _ . _ _ ... .
dol. per belga
Brazil, official
dol. per milreis
British India .- . _ _
dol. per rupee
Canada..
_dol. per Canadian dol_.
Chile
dol. per peso
Colombia
_
do
France dol. per franc
Germany
..
dol. per reichsmark
Italy.
dol. per lira
Japan
dol. per yen
Mexico..dol. per peso
Netherlands
dol. per guilder
Sweden
dol. per krona
United Kingdom .
dol. per £..

.298
(2)
.061
.301
.874
.052
.570
(2)
.400
.051
.234
.205
(2)
.238
4.031

.298
M67
.060
.301
.810
.052
.570
.019
.400
.050
.234
.167
1.531
.238
3.274

W

06t
.301
.801
.052
.572
3.020
.400
.050
.234
.184
(2)
.238
3.602

Monetary stock, U. S.._
...mil. of dol.. 22, 575
19, 209
19, 963
20, 913 21, 244
20, 463
21, 506
21, 801
21, 995
22, 116
22, 232
22, 367
22, 506
Movement, foreign:
Net release from earmark 1. . . thous. of dol . -3,
. 846 -36, 652 -437,234 -55, 064 66, 976 36, 628 -117,947 -39, 495
7,417 -52,812 -46, 153
213 - 10. 494
5
1,249
13
3,563
8
10
Exports
do
17
4
6
3
6
3
2
34, 835 438, 695 1,164,224 519, 983 351, 563 334, 113 325. 981 330.113 137. 178 234. 246 108. 615 118. 569 171 9Q4
Imports
__do
T
3
Revised.
1 Average for May 1-9.
* No quotation.
Average for June 1-15.
10r increase in earmarked gold (—).
t37 companies through 1940 and 36 companies in 1941 having 82 percent of total assets of all United States legal reserve companies.
040 companies through 1940 and 39 companies in 1941 having 82 percent of total life insurance outstanding in all United States legal reserve companies.
tRevised series. For data beginning January 1940 and an explanation of the revision, see p. 32 of the March 1941 Survey. For previous revision of 1939 data, see p 31 of
the March 1940 Survey.




July 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

SURVEY OF CURRENT BUSINESS
1941
May

33
1941

1940
May

June

July

August

SepNovem- Decemtember October
ber
ber

January

February

March

April

FINANCE—Continued
MONETARY STATISTICS— Continued
Gold— Continued.
Production, estimated world total, outside
U S S R
thous. of dol
Reported monthly, totalf
do
Africa
do
Canada
do
United States _.
_ _ _ do _.
Receipts at mint, domestic (unrefined)
fine ounces.254,
. 137
9,357
Currency in circulation, total
.mil. of dol..
Silver:
616
Exports
thous. of dol
3,347
Imports
. _ do _
.348
Price at New York
dol. per fine oz
Production, world
. _ thous. offineoz
Canada§
do
Mexico
do _
6,465
United States
do
Stocks, refinery, end of month:
2,181
United States _
- -- -do
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York :
Industrial corporations, total (168 cos.) J
mil of dol
Autos parts and accessories (28 cos.) do
Chemicals (13 cos )
do
Food and beverages (19 cos )
do
Machinery and machine manufacturing
(17 cos )
mil of dol

105, 735
89,014
46, 931
15, 488
16,483

103, 670
86,776
45, 517
15, 795
14,845

109,620
92,381
46, 985
15, 982
18, 849

109, 130
92, 272
47, 212
16, 318
16,035

106, 365
89,388
46, 060
15, 416
17, 065

113. 190
97,518
47, 548
16, 360
21, 744

107, 940 107, 660 r 106, 190 100, 555
92, 337 v 91, 567 v 90, 371 v 84, 095 p 88, 933 * 88, 606
46, 711 46, 289 » 47, 277 v 44, 426 p 46, 996 v 46, 278
14, 446 ' 15, 629 v 15, 629
15, 750
15, 755
15, 199
19, 692
16, 023
16, 413
19, 434
16, 646
15, 408

233, 901
7,710

231,486
7,848

368, 330
7,883

307, 780
8,059

341, 402
8,151

447, 526
8,300

397, 336
8,522

177
4,589
.349
22, 269
1,997
5,619
5,840

884
4,673
.348
23, 423
3,096
6,511
5,373

15
5,378
.348
23, 091
2,042
6,861
5,530

180
4,107
.348
22, 836
1,791
8,120
4,419

139
4,656
.348
23, 835
.1, 795
7,990
5,049

1,870

3,424

3,997

1,605

1,557

226.0
72.3
32.8
21.0

184.5
19.4
30.2
17.7

68
87
123
4,721
4,857
4,690
.348
.348
.348
22,900 ' 23, 145 ' 20, 645
1,673
1,708
1,642
7,090
7,104
4,568
5,609
6,367
6,499

1,522

2,107

233, 065
8,781

275, 091
8,924

292, 251
9,071

319
4,576
.348
24, 329
1,557
8,750
5,733

817
3,292
.348
23, 275
1,357
7,792
6,009

1,048
4,489
.348

1,212
4,346
.348

1,802
6,339
6,445

5,843

1,792

1,340

2,382

1,619

338, 006 '296,624
8,732
8,593

1,730

288.7
87.2
31.1
25.9

9.0
8.2
12.0
39
4.7
8.6
9.2
12.1
8.6
Petroleum (13 cos )
do
65.2
38.1
58.8
Steel (11 cos )
do
36.9
49.5
36.8
Ivt iscellaneou*' (55 cos ) t
do
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
52.0
54.4
44 2
mil of dol
Federal Communications Commission:
62.9
55
9
61.9
70 9
Telephones (net op income) (91 cos ) do
Interstate Commerce Commission:
124.5
1.6
68.5
69.9
Railways class I (net income)
do
Standard and Poor's Corporation (earnings) : A
87.2
f 112. 3
78.4
v 106. 8
Combined index unadjusted*
1926~100
95.1
v 115. 5
79.9
v 112. 0
Industrials (119 cos )
do
71.2
0.9
40.7
j>43.0
Railroads (class 1)*
do
140.0
109.5
f 145. 5
136.4
Utilities (13 cos )
do
PUBLIC FINANCE (FEDERAL)
47, 721 42 810 42, 971 43 774 43, 909 44, 075 44, 140 44, 277 45, 039 45, 890 46, 117 47,173 47, 231
Debt cross end of month
rnil of dol
Public issues:
41, 326 37, 671 37, 605 38, 337 38, 386 38, 419 38, 462 38, 502 39, 102 39, 908 40, 028 40, 898 40, 967
Interest bearing
do _
557
592
554
593
568
561
577
555
566
557
Noninterest bearing __ __
-do.. _
591
584
589
Special issues to government agencies and
5,426
5,370
5,534
5,063
5,683
5,209
5,834
4, 585
5,102
5,707
4,775
4,934
4,853
trust funds
mil of dol
Obligations fully guaranteed by U, S. Gov't:
5,915
5,914
5,916
5,808
5,916
5,919
6,371
5,535
5,810
6,560
5,528
5,812
5,526
Total amount outstanding cf
mil. of dol_.
By agencies :cf
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
Fe der al Farm M ortgage Corp
.do
1,269
1,269
2,614
2,613
2,615
2,611
2,623
2,641
2,618
2,610
2,421
2,621
2,634
2,631
Home Owners' Loan Corporation. _do
2,627
1,097
1,097
1,741
1,097
1,097
1,097
1,097
1,097
1,741
Reconstruction Finance Corp _ do ..
1,096
1,096
1,096
1,096
Expenditures, total, f
thous. of dol ._ 1,142,207 648, 814 933, 880 830, 599 708, 382 760, 286 870, 241 817,888 1,187,277 1,117,844 1,077,438 1,400,675 1,316,452
836, 607 154, 047 152, 915 177, 325 199, 543 219, 230 287, 177 375, 943 473, 135 572, 279 592, 542 745, 638 761, 002
National defense*
do
70, 591
38,875 61,771 42, 595 53, 573 76, 356 74,730 102, 802 108,382 109, 582 103, 187 95, 731 102, 364
Agricultural adjustment program*
do
145, 457 180, 081 157, 319 151,065 141, 813 139, 117 144, 990 137, 865 155, 299 145, 630 137, 740 159, 068 147, 843
Unemployment relief*
do
0 17, 500 20, 000 10,000
18, 350
0
0 20, 000
0 113, 520 25,195 10, 000
3,500
Transfers to trust accountsf- do
11, 503 10, 153 304, 523 20, 353 19, 597 147, 874 73, 241 10, 597 218, 934 25, 109 20, 507 150, 211 73, 335
Interest on debt*
do
7,214
1,539
1,171
2,122
1,335
1,704
1,244
792 15, 223
2 576
2 010 47,363 12 212
Debt retirements
do
108, 431 237, 252 229, 165 302, 549 243, 301 167, 632 260, 786 164, 308 215, 105 246, 925 208, 797 231,855 244, 160
All other*..
do
371,
605
1,566,871
602.
443
740,
929
673, 690
541, 159 399, 598 784, 218 367, 064 566, 388 711, 124 365, 351 484, 796
Receipts, total
do
Receipts, net*
do . 393,683 399, 598 648, 323 331, 221 447, 196 710, 584 333, 258 362, 078 740,226 339, 778 541, 352 1,566,408 565, 418
33,
257
49,
197
39,
950
29,
783
41,
060
22,
627
29, 371
31,630
27,923
26, 251 28, 101 25,225 23,630
Customs
- do 482, 858 356, 508 694, 932 326, 141 522, 813 672, 540 318, 578 438, 484 692, 937 319, 169 502, 046 1,513,017 352, 005
Internal revenue, total
...do
62,
759
1,207,513
74,
881
428,
722
431,669
44,
039
48,906
104,
408
63,
271
40, 197 463, 786 49, 655 37,645
Income taxesf
._
do
34, 131 43,053
Social security taxes
. do. . 165, 204 137, 299 31, 749 39,098 139, 131 29,437 37, 614 138,013 34, 498 46, 613 193, 379
Taxes from:
1,881
1,744
2,021
2,098
1,684
2,208
2,194
1,910
1,730
1,633
1,734
1,646
Admissions to theaters, etc.®
do__.
1,791
1,271
842
772
1,306
801
486
887
1,025
770
488
1,833
669
Capita] stock transfers, etc.<8> - - do. .
1,593
Government corporations and credit agencies:
12 085 12, 021 12, 092 12, 410 12, 371 12, 398 12, 518 12, 500 12, 645 12, 676 12, 909 13, 282
Assets except interagency, total mil. of dol
8,639
8,861
8,796
8,682
8,613
8,614
8,680
8,583
8,922
8,470
8,513
8,623
Loans and preferred stock, total _ do. .
Loans to financial institutions (incl. pre1,174
1,221
1,115
1,103
1,202
1,194
1,198
1,136
1,208
1,189
1,212
ferred stock)
mil. of dol.
1,170
523
512
516
523
513
515
523
524
552
518
553
515
Loans to railroads
__
_ _ do. .
2,424
2,390
2,406
2,348
2,387
2,427
2,342
2,336
2,387
2,395
2,323
2,355
Home and housing mortgage loans do
Farm mortgage and other agricultural
3,208
3,328
3,212
3,334
3,302
3,280
3,257
3,251
3,224
3,349
3,233
3,700
loans
mil. of dol.
1,309
1,214
1,352
1,386
1,200
1,291
1,298
1,409
1,185
1,187
1,197
1,183
All other
do...
U. S. obligations, direct and fully guaran824
850
834
829
863
827
897
871
880
893
879
846
teed
mil of dol
599
600
597
593
602
562
567
570
601
608
569
559
Business property
do
1,141
1,190
1,061
1,094
1,081
1,206
1,067
1,067
1,113
1,245
1,297
608
Property held for sale
.
do ..
1,367
1,392
1,312
1,313
1,260
1,296
1,257
1,043
1,075
1,685
1,501
1,103
All other assets
do —
v
fRevised.
Preliminary.
•Number of companies varies slightly.
AFormerly Standard Statistics Co., Inc.
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.
o"The total includes guaranteed debentures of certain agencies not shown separately.
§Data reported by the Canadian Government; see note marked "§" on p. 33 of the June 1941 Survey.
•(Beginning with April 1940, where direct reports from foreign countries are lacking, available reports of the American Bureau of Metal Statistics are used. When no current reports are available at the time of compilation, the last reported figure is carried forward. The comparability of the data has been affected by these substitutions. Data
for Belgian Congo, formerly included in figures for Africa and total reported monthly, are excluded beginning May 1940 as reports are not available. During recent years, the
reported figures for Belgian Congo amounted to between 1^ and 2 percent of the total reported for Africa.
t Revised 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 on net receipts beginning January 1937, see table 50, p.18 of the November 1940 Survey. Earlier data on new items under Federal expenditures, will
be shown in a subsequent issue.




34

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941
May

July 1941

1940
July

June

May

August

1941

September

DecemOctober November
ber

January

February

March

April

FINANCE—Continued
PUBLIC FINANCE (FEDERAL)— Con.
Government corps, and credit agencies— Con.
Liabilities, other than interagency, total
mil of dol
Bonds, notes, and debentures:
Guaranteed by the U S
do
Other
do
Other liabilities including reserves do
Privately owned interests
do
Proprietary interests of the U. S. Government
mil. of dol - Reconstruction Finance Corporation, loans outstanding, end of month: ?
Grand totalt
__
-.thous. of dol . 2,088,893
752, 300
Section 5 as amended, total
do
Banks and trust companies, including
receivers
thous. of dol_. 99, 304
4,594
Building and loan associations
do ...
1,696
Insurance companies
do
Mortgage loan companies - - _ _ do . . 174, 640
Railroads, including receivers
do _ 469, 658
2,408
All other under Section 5
..do
Emerg. Rel. and Ccnstr. Act, as amended:
Self-liquidating projects (including financing repairs)
thous. of doL . 18, 550
Financing of exports of agricultural sur47
pluses
thous. of doL.
Financing of agricultural commodities
439
and livestock
thous. of dol..
Direct Joans to business enterprises (includ154, 305
ing participations)
thous. of dol
Authorizations for national defense under
239, 194
the Act 0' June 25, 1940*
thous of dol
Total, Bank Conservation Act, as amended
thous. of dol. . 458, 471
74, 497
Drainage, levee, irrigation, etc
do
391, 090
Other loans and authorizationst
do
CAPITAL FLOTATIONS
Security Registrations!
(Securities and Exchange Commission)
Total securities effective under the Securities
272, 521
Act of 1933
thous. of dol
665
Substitute securities*-.
. _ _.. dc __
76, 515
Registered for account of others
do
Registered for account of issuers, exclusive of
substitute securities
thous. of dol. _ 195, 341
30, 861
Not proposed for sale ..
do
Proposed for sale:
Cost of flotation:
Compensation to underwriters, agents,
3,983
etc.
thous, of dol
727
Expenses
do
159,
770
Net proceeds, total
do
To be used for:
12,
642
New money
do..
Purchase of:
2, 256
Securities for investment
do
100
Securities for affiliation. .
do
0
Other assets
do
144, 390
Repayment of funded debt
do
206
Repayment of other debt
do_ _
101
Retirement of preferred stock do
6
Organization expense.
.do .
69
M iscell ane ous
do
Gross amount of securities less securities reserved for conversion or substitution, total
thous. of dol__ 269, 620
Type of security:
88, 434
Secured bonds
... . .
.do
49, 500
Unsecured bonds
do
Preferred stock
do
75, 181
Common stock
..
do
56, 404
Certificates of participation, etc
do
100
Type of registrant:
250
Extractive industries _ ... _ _
do .
123, 499
Manufacturing industries
do
Financial and investment
do...
3,301
Transportation and communications, do
8,171
Electric light, power, heat, gas and water
thous. of doL. 133, 644
755
Other
do

7,912

7 977

7 842

8 400

8 403

8,406

8 579

8,526

8 599

8 592

8 696

9 377

5,535
1,337
1,039
404

5 529
1,343
1, 105

5 526
1,351

405

964
406

5 811
1 354
1,234

5 809
1 356
1,238

5,917
1,395
1,214

417

418

5 916
1 390
1,391
421

6 560
1 385
1,432

413

415

5 914
1,386
1,292

407

5 919
1 422
1,237

5 915
1 389
1,294

410

5 808
1,354
1,243

3,770

3,639

3,844

3,603

3,558

3,580

3,526

3,559

3,629

3,666

3,792

3,484

412

422

1,611,515 1,635,270 1,651,829 1,651,616 1,621,602 1 ,648,746 1,698,511 1,712,764 1,804,379 1,940,015 1,981,699 2,020,115
712, 328 720, 085 749, 921 753, 087 715, 778 720, 324 751, 498 763, 653 770, 730 768, 580 773, 899 771, 727
89, 008
4,138
2, 354
146. 846
466, 093
3,889

87, 761
4,347
2,331
145, 951
475, 856
3,839

86, 303
4,270
2,313
146, 637
506, 623
3,775

85, 226
4, 625
2. 188
149, 737
507, 627
3,684

83, 898
4,597
2, 176
151,456
470 039
3,612

83,110
4,690
2,105
157, 094
469, 769
3,554

109, 214
4, 581
2,077
159, 534
472, 596
3,498

115, 028
4,268
1,998
165, 118
473, 881
3,360

112, 026
3,998
1,906
168, 044
481, 961
2,795

108,771
4,262
1,790
169, 027
481, 977
2,753

105, 808
4,368
1,742
172, 452
486, 877
2, 652

102, 702
4,813
1,722
173, 118
486 938
2,435

40, 010

19, 915

19, 784

20, 509

21, 262

31, 785

19, 581

19, 511

19, 486

19, 443

18, 644

18, 615

47

47

47

47

47

47

47

47

47

47

47

47

625

525

521

520

520

445

445

443

443

443

443

443

130, 566

130, 732

129, 945

129, 371

128, 676

127, 906

126,008

121, 678

119, 061

117, 464

115 827

114 478

1,010

2,055

12 844

27, 316

63, 864

51, 387

71, 249

93, 912

137 171

188 244

548, 669
83, 740
98,851

574, 558
83, 596
105, 797

570, 778
83, 299
96, 524

563, 561
83, 223
99, 242

564, 516
83, 360
94, 599

564, 744
83, 409
92, 772

559.420
83, 507
94, 141

556, 711
83, 460
115,875

649, 195
83, 231
90, 936

468,853
82, 897
388,378

463, 248
83 161
389, 260

460, 313
75 859
390, 389

102, 761
3,022
2,469

82, 577
5,694

200, 313

123, 242

161, 748
2,862
4,758

183, 098

186 996

25, 150

3,514

162 828
2,397

32, 246

287, 456
5,743
3,369

415, 699

4, 140

130, 581
15, 405
5 851

322, 618

418

97, 270
0

76, 464
20, 225

195, 715
429

90, 574
16, 717

109, 324
14, 162

278, 345
22, 219

154, 128
46, 931

317, 760
25, 594

390, 549
24, 620

3,126

1,959

3,410
70, 074

3,248
657
91, 257

4,874
1,233
250, 019

3,747
695
102, 755

6,882
1,626
283, 658

10, 677
1,226
354,025

457

422

0
4,859

0

0

0

o

32 048

179, 584
18, 242

160. 431
33 033

154, 948
62 174

1,174

159, 294

4,267
720
122 411

89, 839

93, 632

53, 923

4,523
1,182
189, 581

8,252

4,293

22, 984

31, 996

45, 432

14, 899

9,309

33, 863

18, 165

13, 069

46 800

19 878

2,556
0
0
76, 621
6, 105
99
0
0

9,030
279
0
38, 155
8
2,139
0
18

2,016

18, 039

0
13
0

13,381
82

4,612

152, 842

0

23, 493

11,339

161, 423

233, 624

o

69, 825

1
52

5
196

4,363
152
20
37, 342
2,694
1 123

1 564
54 953
1 802
175
8
120

99, 739

76, 882

199, 591

182, 325

3, 200
75, 000
5,039
14,119
2,381

58, 144

2, 254
6,799
9,685

105, 148
72 000
11 040
9 209
2, 194

4,864
86, 112
2,745
3,768

75
5,726
9,835
4,337

3,974
81 396
2,186
0

0
2,250

54, 700
2,210

511

358

0
200

374

537
60

19, 181

o

249
173

o

182, 543

157, 514

147, 045
107, 318
48, 907
15, 552

135, 365
60, 037
6 537
31, 826
5,598

133, 159
2,983
37 565
8,832
5

82 670
4H 422
2 151
24, 270

89
33
10
44
4

114, 377
162, 693
69, 488

0

0
24, 097
2,983
0

0
41 013
25 976
2,468

571
65 136
72 221
6,074

171, 360
ll 740

43, 668
3 487

151,341
4 122

87, 729
329

37, 061
1 263

440, 266
263, 436
263, 436
168, 699

605, 791
189, 899
189, 899
61, 132

417, 197
95, 321
95, 321
52, 789

324, 037
77, 056
77, 056
31, 550

165, 756

43, 783

50 208

24 851

273, 307

158, 886

39, 541
22 598
16 016
19 375
17, 637

230, 483
11, 429
23 869
7,397

130

70, 607
1 766
24 263
26, 578
35, 672

28

3,177
70, 097
1,779
7,722

1, 731
18 243
49, 926
200

250

55, 205
19, 407
500

12 750
38 158
6,815
0

115, 944
19, 353
209

111,676
359

13, 319
28 323

50, 386
7 058

189, 833
700

78, 052
10 734

227, 182
82, 728
82, 728
9,771

691, 472
397, 300
397, 300
46, 233

282, 476
129, 776
129, 276
67, 938

229,314
113 550
113, 550
68 006

710, 551
257, 391
257, 391
47, 278

7,307
910
65
1.489

43, 787

52, 612

63 728

21 080

1,096
1,350

13, 427
1.899

0

128, 973
13, 000
2,268

318, 856 '393,713

115, 167

6,650
24, 878
16 465
57, 917
10, 870

(a)

154, 066
2,093
25, 711

o

613

116, 780

o

1,372

551

1 148

223, 900
1,934
18, 256

132

60

0
0

2 384

133
46 038
540
5 069
0
337

697
512
4
270

997

1,909

874

681
9,427
10
40

0
672

35

0

(a)

o

770
288
570
010
687

Securities Issued t
( Commercial and Financial Chronicle)
Securities issued, by type of security, total (new
capital and refunding).
thous. of doL. 405, 839 ••251,315
New capital, total
.
do
106, 750 r 121, 445
Domestic, total
do
106, 750 r 121, 445
Corporate, total
do
63, 874
89, 287
Bonds and notes:
Long term
_
do
79, 680
60, 945
Short term
do
0
55
0
0
Preferred stocks
do
2,875
9,607
Common stocks
do

0

0

0
2,720
1.558

0
9,877
16. 321

406,
181
181,
86

603
711
711
034

921,916
746 178
745, 328
39 470

55 372

28 437
641
7 324
2 ftfiS

0
o
1,000
330
637
9 703
1 154
864
3 752
29 468
2.079
6.645
1.096
2.310
1. 195
JSee note marked "t" on p. 35 of this issue.

Revised.
° Less than $500.
^Includes repayments unallocated, pending advices, at end of month.
i Includes $154,350,000 in face amount instalment certificates not included in the break-down by type of security.
fRevised series. Data on security registrations revised beginning January 1938, see table 47, p. 15 of the November 1940 Survey. Data on total loans of the Reconstruction Finance Corporation and "other loans and authorizations" revised beginning January 1937 to exclude a loan of $146,500,000 to the Rural Electrification Administration,
~j
^.
.,_ „___,
™~ ™
i.^^.j —..._-„-._...
.!_,_,___ ,___ ^
„.„ ,
.._ „.. „
*--ginning with the October 1940
J.^ _i_
in corporations created by the
J.V-L -^ w aivi m uuuuucu ucioiioc, iiuw AUV.IU.UOU I.LI aui/iiun^»i/ivjLio KJI iini/iuuai vicionoc. ^ct i/aij other comparatively small revisions have been made in the grand total; currently
such revisions are not carried into the detail.
/New series. For data beginning 1938 for substitute securities, see table 47, p. 15 of the November 1940 issue. Authorizations for nationa defense include loans, participations and purchases of capital stock in corporations created by the Reconstruction Finance Corporation to aid in national defense.




35

SURVEY OF CURRENT BUSINESS

July 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

1941

1941

1940

May

June

May

July

August

Novem- DecemSeptember October
ber
ber

January

February

April

March

FINANCE— Continued
CAPITAL FLOTATIONS-Cont inued
Securities Issued J— Continued
(Commercial and Financial Chronicle)
Securities issued, by type of security— Con.
New capital— Continued.
Domestic— Continued.
Farm loan and other Government agencies
thous of dol
Municipal, State, etc
do
Foreign, total
_
do
Corporate
do
Government
do
United States possessions .
do _.
Refunding, 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
Corporate securities issued by type of borrower,
total
thous. of dol
New capital, total
do
Industrial _
do
Investment trusts, trading, and holding
companies, etc
thous. of doL.
Land, buildings, etc.
_. do .
Public utilities
do
Railroads ,
do .
Shipping and miscellaneous
do
Refunding, total
do
Industrial .
do
Investment trusts, trading, and holding
companies, etc
thous. of dol. .
Land, buildings, etc ___ _ _
do
Public utilities
do
Railroads ,
do
Shipping and miscellaneous
_. do _
Domestic issues for productive uses (Moody's):*
Total
...mil. of dol__
Corporate _
_
do
Municipal, State, etc
do
(Bond Buyer)
State and municipal issues:
Permanent (long term)
. thous. of dol
Temporary (short term)
do
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
mil. ofbu..
Corn _
_ _ _ _ _
d o

3,000
5,440
37, 436 * 29, 158
0
0
0
0
0
0
0
0 129, 870
299, 089 '' 129,
870
299, 089 83, 810
197, 102
161, 757 83, 8100
0
0
35, 345
0
0
25, 150
28, 300 ••20,909
73, 687
0
0
0
0
0
0
0
0
173,
097
260, 976
287
63, 874 89,
6,094
19,459
0
0
280
0
3, 775 19, 4000
36, 715 63,
513
3,925 83, 810
197, 102 79,
350
51, 170
0
0
2,960
2,875
1,500
138, 882
0
0
0
4,175

2,200
0
8,125
9,440 645, 442
128, 767 40, 332 37, 381 86, 237 60,416
0
0
850
0
0
0
0
0
0
0
0
0
0
0
0
0
0
850
0
0
415, 893 321, 876 246,981 224, 892 175, 738
415, 893 321, 876 246, 981 224, 892 175, 738
328, 212 207, 890 217, 012 116, 938 108, 181

2,250
70, 707
0
0
0
0
144, 455
144, 455
101, 476

289, 458
61, 608
0
0
0
0
294, 173
294, 173
225, 623

0
61, 338
500
0
0
500
152, 700
152,700
111, 494

0
45, 544
0
0
0
0
115, 764
112,564
62, 465

112, 099
98, 014
0
0
0
0
453, 160
453, 160
345, 347

42, 000
52, 737
0
0
0
0
176, 830
176, 830
92, 487

96, 147
5,000
0
329

223, 116
0
257
2,250

107, 047
0
4,421
26

60, 449
836
1,180
0

331, 651
0
13, 651
45

28, 870
14, 108
0
0
0
0

48, 400
20, 150
0
0
0
0

27, 525
13, 681
0
0
0
0

26, 000
24, 099
3,200
0
0
3,200

28, 050
79, 764
0
0
0
0

111, 248
9,771
2,826

271, 856
46, 233
4,772

179, 432
67, 938
23, 124

130, 471
68, 006
17, 544

392, 625
47, 278
16, 268

0
0
0
0
4,217 11,256
2,000 15, 205
728
15, 000
101, 476 225,623
1, 700 93,628

0
90
30, 232
14, 292
200
111,494
60, 776

0
40
18, 521
25, 576
6,325
62, 465
7,275

0
148
5,444
15, 258
10, 160
345, 347
86,660

64,475- 285, 649 248, 394 198, 911 85, 330
0 16, 670
703
0
2,000
2,286 17, 398 31, 607
25, 595 38, 702
540
3,861
416
0
0
4,000
59, 465 14, 300 30, 800 17, 425
24, 879 73, 381 23, 186 12, 544 92, 829
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
261, 186 ' 389, 343 320, 678 265, 962 202, 972
168, 699 61,132 52, 789 31, 550 86, 034
18, 557 10, 243
2,834
6,311 26, 612
0
0
0
0
0
155
0
106
25
65
4,944 10, 575
141,091
6,527 39, 061
3,120
23, 840 12, 030 30,395 18, 010
1,421
909 25, 601
637 17, 136
267,
890
328,
212
116,
938
234,
412
92, 487
53, 586 29, 575 95, 908
1,107 43, 150
0
4,000
0
0
0
3,837
1,202
2,876
3,592
1,250
23,438 220, 231 134, 940 178, 824 67, 602
9,790 50, 718
0
3,000
1,329
309
10, 541 73, 204 23,415
2,513
80
139
102
211
51
47
28
53
165
27
33
111
49
46
24

0
427
94, 020
5,000
329

0
829
117, 466
0
13, 700

0
77
23, 811
25, 300
1,530

0
490
43, 300
7,900
3,500

0
367
207, 334
50, 558
428

89
54
35

52
25
27

36
7
29

82
39
43

100
53
47

103
63
40

67
40
27

113, 100
138, 683

51, 033
224, 706

246, 885
75, 692

178, 061
234, 366

89, 291
77, 354

77, 622
100, 957

182, 493
117, 406

79, 802
167, 225

548
77

921
134

432
70

495
92

451
81

360
62

360
66

406
91

622
185
403
262

702
239
459
251

653
223
376
267

642
213
376
261

631
215
368
256

635
218
370
268

653
203
381
269

666
214
383
280

107, 472
709
0
0
27, 725
39, 833
0
0
0
0

147, 650
39, 470
8,781
0
47
18, 401
9,100
3,141
108, 181
38, 007
0
1,929
39, 186
4,000
25, 059
75
23
52

r

202, 402 '77,987
96, 146 175, 389

190, 262
177, 957

104, 238
63, 074

283
68

228
47

277
44

439
58

432
57

677
204
427
281

661
207
399
275

634
199
375
267

633
199
387
268

606
199
368
265

101, 970
'89,394

SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)
mil.
Cash on hand and in banks
Money borrowed
__ _
Customers' free credit balances.. _

of dol__
do
do
do

Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
93.73
93.84
92.72
94.22
92.84
93.58
92.08
87.87
90.14
93.05
90.96
91.33
dollars ._
97.73
96.82
98.10
97.78
98.08
97.03
97.16
94.93
95.62
96.56
92.47
95.72
Domestic
do
46.28
45. 47
45.07
45.60
47.67
43.07
44.86
45.81
39.09
40.64
43.28
Foreign
. _ ...
._
do _
38.38
Standard and Poor's Corporation^
85.3
84.0
84.5
83.9
86.0
85.3
82.7
83.6
78.5
81.2
79.4
81.5
Composite (60 bonds) __dol. per $100 bond.90.2
90.2
89.9
90.1
89.2
90.3
90.5
87.8
84.7
86.3
85.3
86.8
Industrials (20 bonds)
do .
101.3
100.9
100.7
100.5
101.2
101.2
100.6
98.7
100.2
100.2
99.3
100.6
Public utilities (20 bonds)
do
64.3
62.3
60.9
66.7
61.0
61.1
64.3
59.7
52.0
Rails (20 bonds)
do._.
53.5
57.1
57.5
125.4
129.3
127.3
125.6
87.6
124.6
120.4
121.2
122.3
127.7
115.3
114.6
Domestic municipals (15 bonds)
do
110.1
110.7
111.8
108.8
110.4
111.4
108.8
104.8
106.3
107.7
104.9
106.7
U. S. Treasury bonds t
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
_. -thous. of dol . 119, 252 149, 103 90,317 81, 388 67, 057 94,701 114,881 114, 606 125, 383 147, 635 91, 476 118,851
218, 628 219, 740 134, 597 121, 857
99, 101 148, 956 185, 154 186, 432 248, 906 276, 042 148, 219 235, 872
Face value
__.
do
On New York Stock Exchange:
100,
577
115, 226 74, 484 65, 530 53, 571 78, 398 93, 532 95, 500 103, 243 125, 090 75, 999 96, 162
Market value
do.__
196, 932 179, 936 114, 651 102, 228
82, 424 129, 205 159, 704 164, 080 221, 475 248, 732 130, 068 209, 379
Face value
do
Exclusive of stopped sales (N. Y. S. E.),
face value, total
thous. of dol. . 169, 272 176, 105 102, 663 98, 120 79, 705 125, 965 150, 981 159, 006 211, 237 230, 987 123,647 214, 382
1,417
2,422
2,224
2,707
1,597
2,496
2,206
948
2, 337
8,250
3,677
2,131
U S. Government
do
168, 324 167, 855
98, 986 95, 989 77, 368 124, 368 148, 485 156, 584 209, 031 228, 280 121, 423 212, 965
Other than U. S. Govt., total.. do
199,
173
139,
191
212,
637
109,
265
190, 149
153, 831 144, 924
81, 058 82,680 66, 566 109, 915 129, 460
Domestic
_.do
14, 493
22, 931 17,928 13, 309 10. 802 14, 453 19, 025 17, 393 18, 882 ' 15, 643 12, 158 13, 792
Foreign
do
»• Revised.
§Formerly Standard Statistics Co., Inc.
JFor revisions in 1939 data from Commercial and Financial Chronicle, see notes marked "}" on p. 34 of the September 1940 and p. 35 of the March 1941 Survey.
*New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17 of the September 1940 Survey.
t Revised series. For data beginning 1931, see table 55, p. 17 of the December 1940 Survey.




94.32
98.25
47.01

85.8
90.2
101.1
65.9
126.8
110.8
133, 274
269, 892
109, 867
242, 720
209, 471
1,497
207,974
194, 885
13, 089

SURVEY OF CURRENT BUSINESS

36
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

1941
May

July 1941

May

June

July

August

Novem- DecemSepber
tember October
ber

January

1941
Febru- March
ary

April

FINANCE—Continued
SECURITY MARKETS-Continued
Bonds— Continued
Value, issues listed on N. Y. S. E.:
Face value, all issues
mil. of dol
Domestic

do

Foreign
.
do ...
Market value, all issues
do
Domestic
.
do ...
Foreign
do
Yields:
Bond Buyer:
Domestic municipals (20 cities)
percent- .
Moody's:
Domestic corporate
do
By ratings:
Aaa
do
Aa
do
A
do
Baa
_
do .
By groups:
Industrials
. _.
_. do ..
Public utilities
do
Rails
,
do .-.
Standard and Poor's Corporation: §
Domestic municipals (15 bonds)
do
U. S Treasury bonds
do

53, 913
49, 400
4,514
49, 643
47, 695
1,944

54, 329
49, 966
4,363
50,438
48, 481
1,957

54, 237
49, 877
4,360
50, 756
48,768
1,988

54, 169
49, 820
4,349
50, 831
48, 871
1,961

54,139
49, 799
4,340
50, 374
48, 386
1,988

54 225
49 891
4 334
50, 277
48 307
1 971

55 746
51 419
4 328
52, 252
oO 249
2 003

55 678
51 416
4 262
52, 518
50 515
2 003

2.52

2.39

2.32

2.18

2.H

2.29

2.43

2.33

2.26

3. 55

3.50

3.46

3.40

3.36

3.36

3 40

3 39

3 39

2.88
3.01
3.57
4.80

2.85
3.03
3.55
4.76

2.82
3.01
3.52
4.66

2.79
3.01
3.48
4.56

2.75
2.96
3.40
4.48

2.71
2.92
3.36
4.45

2.75
2.95
3.36
4.38

2
3
3
4

2
3
3
4

2
3
3
4

3.25
3.33
4.57

3.15
3.23
4.32

3.12
3.23
4.30

3.10
3.19
4.23

3.06
3.18
4.15

2.98
3.14
4.07

2.93
3.13
4.03

2.96
3.17
3.96

3 00
3 19
4 00

3 02
3 17
3 98

3 06
3 16
3 96

2.85
2.39

2.54
2.28

2.49
2.25

2.44
2.18

2.32
2.10

2.18
1.97

2.07
1.89

2.16
1.99

2 27
2 10

2 28
2 01

2 20
1 96

55 534
51, 278
4,255
52, 322
50, 293
2,029

53, 414
48, 879
4,535
46, 937
45, 197
1,740

52, 879
48, 347
4,532
47, 666
45, 894
1,771

53, 431
48, 903
4,528
48, 602
46, 762
1,840

53, 914
49, 399
4,515
49,239
47, 285
1,954

2.14

3.00

3.37

3.65

2.67

2.53

3.72

3.57

2.81
2.99
3.34
4.32

2.93
3.08
3.65
4.94

2.96
3.10
3.70
5.11

3.02
3 13
3.95

3.20
3.30
4.46

2.14
] 92

2.81
2.38

78
00
38
42

80
01
37
38

82
04
38
33

Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
- . .mil. of dol 1, 821. 65
Number of shares, adjusted
millions938. 08
Dividend rate per share (weighted average)
(600 cos.)..._
dollars1.94
Banks (21 cos.)
do
3 01
Industrials (492 cos.) .
.. do .
1.93
Insurance (21 cos.)
do
2 54
Public utilities (30 cos.)
do . . 1.94
Kails (36 cos.)
do
1 57
Dividend declarations (N. Y. Times) :
Total
thous. of dol.. 517, 369
Industrials and miscellaneous .. . do
476, 792
Railroads
do
40 577
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31, 1924=100..
51.5
Dow- Jones & Co., Inc. (65 stocks)
dol. per share _.
39.73
Industrials (30 stocks)
do
116. 44
Public utilities (15 stocks)
do ..
17.30
Rails (20 stocks)
do
28.25
New York Times (50 stocks)
do
84.71
Industrials (25 stocks)
do
149. 00
Railroads (25 stocks)
__ .. _ do
20.42
Standard and Poor's Corporation: §
Combined index (420 stocks)
1926= 100 ._
73.0
Industrials (350 stocks)
.
do
85.6
Capital goods (107 stocks)
do
105.7
Consumer's goods (194 stocks)
do
76.3
Public utilities (40 stocks)
do .
67.5
Rails (30 stocks) ...
..
do
26.7
Other issues:
Banks, N. Y. C. (19 stocks).
do
49.9
Fire and marine insurance (18 stocks)
1926=100..
90.0
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
384, 462
Market value
thous. of dol
Shares sold
.- ..
_. thousands
17, 618
On New York Stock Exchange:
323 885
Market value
thous of dol
Shares sold
thousands
13. 194
Exclusive of odd lot and stopped sales
(N. Y. Times) _
thousands
9,661
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol._ 37, 815
1,463
Number of shares listed
millions
Yields:
Common stocks (200), Moody's
percent..
6.4
4.9
Banks (15 stocks)
__do .
Industrials (125 stocks)
...do
6.5
4.3
Insurance (10 stocks)
do
Public utilities (25 stocks). .. - do
6.8
Rails (25 stocks).
do
6.5
Preferred stocks, Standard and Poor's Corp.: §
4.97
Industrials, high-grade (20 stocks) -.percent-

, 680. 36 1, 690. 37 1, 694. 82 1,713.08 1, 711. 42 1, 738. 04 1, 781. 52 1, 792. 84 1, 791, 94 1 796 56 1 816 13 1 817 77
936. 43
936. 43 936. 43 936.43 936. 43 936. 43 936. 43 938. 08
936. 43
938 08
938 08
938 08
1.83
1.81
1.86
1.83
1.90
1.79
1.81
1.91
1.91
1.94
1.92
1.94
3.01
3.01
3.01
3.01
3.01
3.01
3.01
3.01
3.01
3 01
3 01
3 01
1.79
1.83
1.77
1.75
1.77
1.79
1.88
1.89
1.89
1 92
1 92
1 90
2.54
2.54
2.54
2.54
2.44
2 54
2 54
2.44
2.54
2.54
2.54
2 54
1.96
1.96
1.96
1.96
1.96
1.97
1.96
1.97
1.94
1 94
1 94
1 94
1.29
1.36
1.36
1.29
1.47
1.36
1.27
1.53
1.53
1 56
1 53
1 56
449, 981 239, 426 194, 824 365, 553 209,482 221,404 685, 574 331, 721 218, 317 375,872 231, 737 199, 198
420, 278 223, 372 182, 232 347, 331 207,354 213, 843 635, 110 305, 652 204, 574 360 210 226 315 192 375
12, 592
18, 222
7,561 50,463 26, 069
29,703 16, 055
2,128
13, 743
5 422
6 823
15 662

50.2

53.1

54.6

55.6

56.7

58.4

57.0

57.2

55.0

53.8

54.1

51.4

43.48
130. 76
21.45
26.52
95.20
170. 95
19.46

39.99
119. 46
20.15
24.66
89.17
159. 61
18.72

41.64
122. 23
22.42
26.43
90.46
161. 49
19.43

42.50
125. 32
22.22
26.83
92.21
164.48
19.94

44.40
131. 46
22.18
28.43
96.27
171.50
21.05

44.72
132.39
22.07
28.83
97.29
173. 26
21.34

45.04
133. 90
21.22
29.36
95.86
170. 32
21.40

43.39
130. 45
19.91
27 61
93.68
167. 16
20.21

43.82
130 17
20.17
29 01
93.24
165.43
21.06

41.21
121 68
19 37
27 54
87 07
154.20
19 94

41.60
122 52
19 56
28 03
87 66
154. 86
20 46

40.74
119 10
lg 66
28 48
85 41
150. 17
20 65

83.0
97.3
118.1
92.7
80.6
25.4

73.3
84.8
104.1
80.0
75.1
22.7

76.1
87.2
105.9
84.2
80.1
24.4

77.5
89.1
109.5
85.8
80.3
24.9

80.9
93.7
116.5
89.6
81.0
27.0

81.4
94.6
119.5
90.1
80.2
27.4

82.1
95.8
120.2
89.9
79.0
27.8

80.4
94.0
118.7
87.3
77.6
26.4

80.5
93.7
118.0
87.1
78.0
27.7

75.9
87 9
109 5
81 9
74 6
26 4

76.0
88 2
109 8
82 0
74 5
26 6

73.8
85 6
106 0
78 7
71 2
26 9

52.0

48.8

51.4

50.4

51.0

53.6

55.6

55.8

55.9

53.8

53.7

51.2

83.8

78.7

84.0

84.3

87.4

90.0

93.9

94.3

95.1

90.5

91.1

89.7

1,438,207 560, 465
69,494
25, 452

320, 860
15, 191

320, 913
14, 214

472, 742
20,728

591, 703
24,006

876, 452
37, 022

706, 231
33, 003

613, 194
26 545

403 344
18 555

383 348
19 169

416 674
20 217

1,242,999 487, 116
20, 107
54, 517

264, 352
10,828

270, 471
10, 420

406, 925
16, 206

505, 193
18, 522

763, 481
29, 040

596 806
23,744

519 360
20 064

336 505
13 481

318 750
13 688

347 710
15 356

38, 969

15, 573

7,307

7,616

11, 941

14, 484

20, 893

18, 400

13, 295

8 971

10 111

11 178

36,547
1,447

38, 775
1,450

39, 992
1,454

40, 706
1,454

41, 492
1,453

42, 674
1,453

41, 848
1,457

41,891
1,455

40, 280
1 455

39, 398
1 455

39, 696
1 457

37, 711
1 463

6.1
5.2
6.1
4.9
6.3
6.3

5.7
4.8
5.9
4.5
5.7
5.7

5.6
4.7
5.7
4.5
5.7
5.5

5.6
4.7
5.6
4.8
5.7
5.6

5.5
4.7
5.5
4.4
5.8
5.5

5.4
4.3
5.5
4.2
5.7
5.3

5.6
4.3
5.7
4.1
6.0
5.8

5.7
4.3
5.7
4.2
5.9
6.2

5.9
44
6.0
4.2
6.0
6.2

6.0
4 5
6.2
4.3
61
6 2

6.1
4 5
6.2
4.2
6 2
6 2

6.4
4 8
6.6
4.4
6 7
6 3

5.07

5.26

5.11

5.10

5.04

4.99

4.94

4.87

4.82

4.90

4.92

4.94

Stockholders (Common Stock)
American Tel. & Tel. Co., total
number _
Foreign
do
Pennsylvania Railroad Co., total
do
Foreign
do
U S. Steel Corporation, total
..
do
Foreign
._
. do
Shares held by brokers
percent of total..
§Formerly Standard Statistics Co., Inc.




632, 398
6,544
207, 679
2,746
165, 193
2,745
27.57

631, 343
6,451
206, 907
2,742
164, 553
2,706
27.48

630, 812
6,404
205, 883
2 724
160, 676
2,749
27.37

630, 366
5,742
204 776
1 680
164 687
2,664
26.00

SURVEY OF CURRENT BUSINESS

July 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

1941

May

37
1941

1940
May

June

July

August

Novem- DecemSeptember October
ber
ber

January

February

March

April

FOREIGN TRADE—Continued
INDEXES
Exports:
Total: Value, unadjusted
1923-25=100..
Value, adjusted
_
do ~
U. S. merchandise, unadjusted:
Quantity
_
do .
Value
do
Unit value
-.
do
mports:
Total: Value, unadjusted
do
Value, adjusted
do _
Imports for consumption, unadjusted:
Quantity
1923-25=100..
Value
do
Unit value
do
Agricultural products, quantity:
Exports, domestic, total:!
Unadjusted
....1924-29=100..
Adjusted
do
Total, excluding cotton:
Unadjusted
do
Adjusted .
.
.
do
Imports for consumption:*
Unadjusted
do
Adjusted
.
do
VALUE §
Exports, total, incl. reexports
thous. of dol__
By grand divisions and countries:
Africa
do
Asia and Oceania
do
Japan
do
Europe
do
France
- .do
Germany
do
Italy
do
United Kingdom
do
North America, northern .
do
Canada
do
North America, southern
. do
Mexico
do
South America
do
Argentina
do
Brazil
do
Chile
do
U.S. merchandise, by economic classes:
Total
thous of dol
Crude materials
do
Cotton, unmanufactured
do _
Foodstuffs total
do
Crude foodstuffs
do
Mfd. foodstuffs and beverages do
Fruits and preparations
do
Meats and fats
do
Wheat andflour.
do
Semimanufactures
do
Finished manufactures
do
Autos and parts
do
Gasoline
_
do .
Machinery
do
General imports, total
. do
By grand divisions and countries:
Africa
do _
Asia and Oceania
do
Japan..
._ .do .
Europe
do
France _
do _
Germany
do
Italy
.
. do
United Kingdom
do
North America, northern..
do
Canada
. _ do
North America, southern
..do
Mexico
do
South America
do
Argentina
do. ..
Brazil
_
do
Chile
do
Imports for consumption, total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Mfd. foodstuffs and beverages
do
Semimanufactures
do .
Finished •mannfacf'.nrfis
do

85
91

92
104

83
95

92
100

78
74

91
74

86
75

85
80

86
84

80
88

94
93

102
107

124
85
69

136
92
68

126
84
67

135
92
68

115
77
68

136
90
67

127
86
68

126
85
67

124
85
69

117
80
68

138
94
68

146
101
69

65
64

65
69

72
78

68
71

60
63

64
63

69
69

78
79

71
70

72
73

83
75

89
82

106
64
60

109
64
59

115
68
59

114
67
59

106
61
58

117
67
57

120
68
57

130
75
57

120
70
58

118
68
58

133
80
60

143
86
60

34
49

28
41

29
47

24
31

21
18

33
23

25
19

23
18

17
16

20
22

24
27

23
28

33
41

34
44

38
49

37
41

27
23

36
29

29
25

29
25

26
25

30
33

33
36

34
40

99
102

95
'102

111
120

'109
'114

99
102

118
118

122
129

131
131

137
132

135
131

141
125

147
136

325, 306

350,458

317, 015

349, 928

295, 245

343, 485

327, 685

322, 257

325, 355

303, 413

357, 233

385, 454

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

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

16,945
55, 894
16,443
118, 695
(")

W
M
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

(B)
3
102, 375
65, 609
64, 262
33, 792
9,772
36, 749
5,920
10, 807
4,081

16, 624
60, 405
19, 343
116,329
(')
2
9
101, 253
63, 266
62,439
33, 807
10, 554
31, 824
4,734
10,046
3,360

22, 047
54, 876
11, 588
126, 772
1
(•)
(«)
116, 631
62, 449
61,886
30, 022
8,507
29, 188
5,300
9,216
2,955

19, 954
59, 498
11,108
96,336
375
0

35, 121
64, 753
10, 112
113, 233
1,329
( }

77, 269
65, 233
64,419
33, 010
9,824
29, 381
5,223
8,843
3,249

95, 509
69,898
68,616
37, 200
11, 745
37, 028
6,400
11, 992
4,463

28,354
64, 092
8,419
145, 964
634
0
(')
127, 623
72, 137
70, 813
38, 226
13, 193
36, 681
5,858
10, 505
4,107

318, 051
40, 277
13, 526
14, 965
4,005
10, 960
1,608
2,056
1,993
74, 490
188, 319
21,337
6,110
58, 422
211, 382

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
211, 390

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
232, 258

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
220, 217

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
194,928

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
207, 141

321, 275
24,600
7,703
14, 650
3,603
11,047
1,974
1,859
2,703
70, 651
211, 373
26, 828
6,897
62, 873
223, 430

315,323
20, 453
6,417
13, 719
3,488
10, 231
2,638
1,837
1,686
67,154
213, 997
24, 470
5,950
63, 327
253,099

317, 953
16, 092
3,120
13, 746
2,887
10, 859
1,944
2,048
1,530
69, 989
218, 126
25, 379
6,101
60, 993
228, 636

298, 273
15, 234
3,800
16, 010
2,841
13, 169
2,098
2,495
2,103
56, 973
210, 056
24, 028
4,250
54, 426
233, 702

350, 446
19, 658
5,862
16, 793
4,262
12, 531
1,933
3,317
3,030
60, 644
254,206
29, 084
3,733
61,604
267, 784

376, 185
16,857
4,380
18, 269
3,963
14,306
1,768
3,241
3,979
67,004
274, 054
28, 642
2,732
63, 751
287, 550

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
203, 702

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
205,397

14, 849
86,645
13,362
32, 303
1,761
201
802
20,299
39, 852
37, 976
24,585
6,986
34,024
5,175
9,004
8,583
217, 828

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
214, 106

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
196, 312

9,714
89,844
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
213, 133

13, 191
93, 250
21,676
24, 600
1,870
576
23
10,428
44, 122
42, 533
14, 884
4,811
33, 383
6,902
9,340
4,435
217, 175

13, 663
105, 823
14,033
26, 187
1,301
183
84
13,610
43, 619
41,913
15, 782
5,769
48,024
11,613
12, 711
6,709
238, 275

10, 203
91, 417
10, 391
20, 119
493
531
25
9,742
36, 586
35, 486
24, 474
7,743
46, 837
11, 186
11, 644
4,999
223, 595

8,739
89, 698
8,127
17,941
635
717
39
9,443
35, 428
34, 287
28,072
7,516
53,825
11, 732
15,383
9,139
216, 623

11, 593
106, 303
10,488
26,100
672
295
20
12, 583
38, 592
37,834
33, 948
8,936
51, 246
12,624
13, 295
7,917
254, 553

12, 345
97, 837
11,020
35, 793
890
286
18
15,049
40, 189
39, 357
39, 787
9,237
61, 597
15, 718
15, 944
10,848
274, 593

70, 866
26,095
27, 215
43, 337
36, 189

70, 511
23,642
31, 275
45, 146
34,823

85, 231
24, 924
22, 567
45,414
39, 691

88,495
21, 515
20, 588
50,342
33, 166

80, 113
18, 098
19, 026
46, 510
32, 565

88,904
22, 625
21, 176
46, 045
34, 383

93, 838
22,695
22,444
44, 383
33,816

110, 375
25, 931
19, 435
52,009
30,524

97, 633
30,291
20, 552
47, 131
27,988

91, 805
31, 211
22, 940
42,208
28,458

106, 674
32,892
26, 652
57, 936
30, 399

103,437
36,621
33, 125
66, 377
35, 032

' o

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
9,837
9,528
9,632
10 055
10 624
9 961
Operating revenue
thous. of dol
9 415
10 032
10,542
12 701
82
69
82
Operating income
do
61
71
87
77
67
78
68
Local Transit Lines
Fares, average, cash ratef
cents.. 7.8253 7. 8253 7.8253 7.8253 7. 8253 7. 8253 7. 8253 7.8253 7.8253 7.8253
7.8253
7.8253
7.8253
Passengers carriedf
thousands 856 239 810, 833 752, 776 724, 390 726, 151 762, 107 830, 741 801, 646 860 704 837, 903 777, 294 864, 644 847. 071
53,574
59, 139
55, 935
58, 452
60,542
Operating revenues
thous. of dol..
54,097
58,489
56, 220
59.579
61, 192
62,623
61.427
• Less than $500.
tRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey. Passengers carried revised beginning January 1938; see table 13, p. 18 of
the March 1941 issue. Indexes of agricultural exports have been revised to a new base. Earlier monthly data will be shown in a subsequent issue.
•New series. Data beginning 1915 for indexes of agricultural imports will be shown in a subsequent issue,
f Data for 1939 revised; see tables 14 and 15, pp. 17 and 18 of the April 1941 issue.




38

SURVEY OF CUREENT BUSINESS

Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941

1940

1941
May

July 1941

May

June

July

SepAugust tember

DecemOctober November
ber

January

Febru- • March
ary

April

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION-Continued
Class I Steam Railways
height carloadings (Federal Reserve indexes) :f
Combined index, unadjusted. __ 1935-39=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, 1. c. 1
do ._
Ore
do
Miscellaneous
._ _
do
"reight-car loadings (A. A. R.):^
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
""reight-car surplus, total
_ _ do ..
Box cars
do
Coal cars
do
Mnancial operations:
Operating revenues, total
thous. of doL.
Freight
do
Passenger
..
do .
Operating expenses
.. .do
Taxes, joint facility and equip, rents*... do
Net railway operating income ._ . . do _.
Net income
do
Operating results:
Freight carried 1 mile
mil. of tons __
Revenue per ton-mile
cents
Passengers carried 1 mile
millions
Mnancial operations, adjusted:*
Operating revenues, total
mil. of dol._
Freight
do ..
Passenger
do
Railway expenses
do .
Net railway operating income
do
Net income
do

131
117

167
135
107
82
102
276
138
135
138
182
130
124
91
102
266

136.
4,161

676
64
205
184
57
795
387
1,792
i 72
i 34
i 17

103
97

109
100

110
102

113
109

125
120

125
104

122
121

108
110
87
82
94
184
105
106
114
117
106
101
91
94
134
104

131
112
96
75
94
233
112
111
119
145
108
98
95
94
134
111

136
108
145
74
94
250
107
110
120
158
108
100
88
95
138
108

136
121
117
91
96
244
110
112
124
162
115
96
96
95
139
110

144
132
117
129
100
254
124
112
114
147
122
106
98
95
145
112

149
135
107
152
100
238
132
110
91
149
128
100
99
96
181
116

159
129
96
124
98
145
125
116
109
150
131
98
98
97
181
120

' 3, 352
'585

3.535

2,826

3,718

3,135

3 269

3,780

r42

••166
' 153
' 57
••727
••255
' 1. 367

154
69
56

600
50
171
164
52
725
326

1,446

126
54
43

474
41
127
203
41
570
275

1,095

133
57
47

657
54
186
208
62
755
347

1,449

104
51
30

562
44
157
160
69
606
279

1,260

75
33
24

505
47
167
154
86
636
274

1,400

88
27
45

695
61
193
166
86
752
213

1,614

112
121

113
124

167
119
87
92
95
46
116
119
107
153
133
96
96
99
164
125

174
124
90
84
94
45
115
122
109
145
138
102
88
99
180
130

2,718

2,737

560
50
141
118
50
578
49

1,171

96
33
42

129
45
57

577
53
144
123
47
569
50

1,174

110
43
42

115
129

120
132

183
128
85
75
98
45
118
124
113
149
133
102
93
101
181
131

175
127
97
74
101
50
124
126
128
168
127
113
93
100
192
128

2 824
' 605

3 818

1 204

1 643

56
154
116
41
597
51

818
70
197
172
52
797
69

87
32
31

71
26
23

108
38

120
130
96
82
103
203
131
111
45
137
130
113
93
102
266
130
2 7Q4
' 163

38
159
136
46
648
214

1 390
'l90

31
139

344, 813
280, 660
35, 936
252, 462
44, 932
47, 419
7,050

366, 078
300, 658
37, 732
261, 999
46, 974
57, 104
16, 042

381, 427
310, 645
40, 974
267, 505
47, 907
66, 015
21, 725

382, 603
316, 125
36, 094
260, 179
48, 231
74, 193
30, 733

413, 590
348, 169
33, 465
276, 717
49, 885
86, 988
42, 654

375, 364
315, 204
31, 244
259, 455
44, 810
71, 099
30, 809

381, 792
308, 350
40, 840
266, 134
36, 867
78, 791
51, 078

377, 374
309, 580
40, 159
268, 969
46, 048
62, 357
19, 705

358, 413
296 146
36 511
255, 590
44, 344
58, 479
14 964

416, 319
346 633
40, 030
283. 329
52, 363
80, 627
35 256

375, 008
305 230
38 348
274 938
47, 501
52 569
7 264

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

38, 614
.965
1,922

35, 949
.949
1,772

34,904
.953
2,312

36, 063
.885
2,216

34, 182
.899
2 029

40, 577
.929
2 229

31,615

341.8
281.4
32.5
290.4
51.3

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
25.3

363.0
298.3
35.0
311.5
51.5

379.0
314.3
34.9
311.7
67.3
24.9

400.8
333.3
37.6
315.8
84.0
42.8

389.3
320.7
38.6
315.9
73-4
32.1

402.4
332. 5
40 1
318.6
83 8
42 8

417.0
344.5
42 7
334.2
82 9
40.8

382.1
309.6
41 4
323.2
59 0

442, 286 ' 343, 495
370, 904 r 284, 657
29,742
37, 493
296, 590 ' 252, 855
57, 065 r 43, 231
88, 630 r 47, 408
3,843

9.5

8.3

Waterway Traffic

Canals:
New York State
. . _ _.
do
Panama, total
thous. of long tons
In U. S. vessels
do ._
St. Lawrence .
_ .. thous. of short tons..
Sault Ste. Marie
do
Welland
do
livers:
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

665

647

779

625

648

804

599

1,789

2,418
1,202
1,008
13, 713
1,820

13, 003
1,616

2,418
1,133
1,070
12, 971
1,491

2,062
1,127

1,055
13, 455
1,913

2,285
1.075
1.123
13, 842
1,832

2,304
1,101

15, 153
1,716

2,319
1,358
1,057
12, 250
2,051

8,642
1,529

13
704
210

310

475

469

501

307

246
2,603
1,560

198
2,681
1,474

192
2,585
1,396

437

214
2,971
1,727

212
2,679
1,412

423

211

204
2,687
1,552

399

181
2,935
1,603

142
2,792
1,468

115
2,969
1,545

105
2,810
1,581

100
2,532
1,424

127
2,907
1,587

159
563
653

5,845
3,751
2,094

5,915
3,908
2,007

6,340
4,241
2,099

6,331
4,307
2,024

5,405
3,727
1,678

5, 433
3,679
1,753

5,040
3,376
1,664

3,840
2,544
1,296

3,839
2,653
1,186

3,636
2,319
1,317

3,981
2,532
1,449

4,606
2,902
1,704

900

Travel
)perations on scheduled airlines:
9,267
Miles
flown
_
thous. of miles . 11, 668
Express carried
pounds. _ 1,462,121 941, 810
Passengers carried
number 363, 954 258, 451
Passenger-miles flown . . thous. of miles _ 133, 979 100, 044
lotels:
3.10
Average sale per occupied room
dollars.3.13
66
Rooms occupied
percent of total
70
106
98
Restaurant sales index
1929=100 .
"oreign travel:
12, 905
U. S. citizens, arrivals
number..
11, 948
U. S. citizens, departures
do
1,310
Emigrants
..
_
do - _
6,186
Immigrants
do
2,604
4,362
Passports issued
do
National Parks:
327, 550 ••259,502
Visitors
do
100, 230 r 77, 614
Automobiles
- _. __ . do
Oilman Co.:
570, 836
Revenue passenger-miles
thousands
4,749
Passenger revenues
thous. of dol . .
r

0

610
1,989
1,133

898

992

893

2,129
1,134

0

0

0

250

1,966
1,102

1,827

1,911
1,027

2 057
1,080

o

7,865

0
0

968
0
0

o

o

215

187

213

0
0

308
664

186

9,142
0,549
10, 084
10, 635
9,573
10, 121
10, 223
8,786
9,953
10 537
8,890
981, 884 1,056,999 1,201,999 1,184,249 1,329,843 1,205,261 1,323,615 1,113,002 1,109,352 1,214,817 1,352,181
286, 272 296, 539 320, 990 310, 293 334, 386 239, 858 202, 859 197, 854 218,163 245, 924 308 644
78, 387
96, 662 114, 749
110, 840 112, 377 121, 602 118, 534 125, 924
90, 697
84, 640
78, 340

3.27
62

3.19
60

3.39
64

88

100

4,125
2,926

17, 254
12, 354
1,189
4,298
2,848

15, 692
10, 960
1,110
4,812
2,435

539, 769
166, 667

927, 757
257, 109

685, 427
4,277

702, 186
4,263

95
16, 603
8,688

993

3.35
67

3.39
70

3.26
57

3.24
69

3.32
69

3.24
68

3.47
69

13, 148
7,626
1,777
3,765
1,820

16, 244
7 868
1,681
3,612
2,511

19,818
19 726

3,133
1,943

920

23, 933
32 746
1,216
4,500
2, 897

15, 958
18 779
1 416
4,813
3 015

92, 746
28, 997

60, 475
18, 335

83, 296
23,544

100, 237
27, 925

115,911
33, 521

190 150
58, 916

578, 257
3,738

734, 016
4,646

879 883
5,529

791 224
4,974

925 694
5,621

766 222
4,787

3.47
64

100

103

11, 308
15, 569
1,317
4,861
1,913

8,422
9,692
1,641
4,824
1,628

8,546
6,862
1,648
3,833
1,503

933, 783
258, 128

497, 149
149, 214

252, 788
79, 194

718, 140
4,402

702, 104
4,381

684, 932
4,235

96

95

97

99

94

109

d
Revised.
Deficit.
1 Data represent daily average for 9-day period ending May 31, 1941.
IDatafor June,, August, and November, 1940 March and May 1941, are for 5 weeks; other months, 4 weeks.
*New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16, of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data not shownin
the September 1940 and subsequent issues of the Survey may be obtained by deducting operating expenses and net railway operating income from operating revenues.
t Re vised series. Indexes on a 1935-39 base beginning 1919 will appear in a later issue. May 1941 indexes on a 1923-25 base comparable with data published in the June
SURVEY follow: Unadjusted— combined index, 90; coal, 81; coke, 109; forest products, 57; grain and products, 81; livestock, 34; merchandise, 1. c. 1., 65; ore, 201; miscellaneous*
105: adjusted —combined index, 91; coal, 94; coke, 113; forest products, 55; grain and products, 90; livestock, 38; merchandise, 1. c. 1., 65; ore, 144; miscellaneous, 101.




SURVEY OF CURRENT BUSINESS

July 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

1941
May

39
1941

194O
May

June

July

August

Sep-

tember

Decem- January FebruOctober Novemary
ber
ber

March

April

TRANSPORTATION AND COMMUNICATIONS—Continued
COMMUNICATIONS
Telephone carriers:
Operating revenues
thous of dol
Station revenues
do
Tolls, message
. -- -. -do _ _ .
Operating expenses
do
Net operating income
do
Phones in service, end of month thousands
Telegraph and cable carriers:!
Operating revenues, totalf
thous. of doL.
Telegraph carriers, total
do Western Union Telegraph Co., revenues
from cable operations
thous. of dol
Cable carriers
do
Operating expenses!
do
Operating incomet
do
Net incomet
do
Radiotelegraph carriers, operating revenues
thous. of dol

108 603
71 007
28, 693
71 950
21 391
19 089

106 063
69 741
27, 424
68 995
18, 404
19 108

11, 586
10 565

661

1 022
9,816
1 035

593
972
636
850
204
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

11,116
10 198

10, 773
9 906

10, 969
10 188

10, 648
9 882

569
918

543
867

9,621

433
781

9 873

9 783

397

759
466

1,239

1,177

106
68
28
71
19
19

d

204

293

1,149

443

111 219
72 752
29, 250
70 648
22, 974
19 966

116 883
74 585
32, 975
73 403
24, 891
20 107

118 132
75 598
33 238
75 390
24, 502
20 232

12, 557
11 654

11, 182
10 294

10, 667
9 832

11,961
10, 982

12, 430
11, 473

540
903

494
888

525
980
9,884
1 303
896

114 761
73 979
31, 471
75 650
21, 988
19 670

11,442
10 622

10, 642
9 872

415
766

441
821

9 409

424
770

9 695
1 012

9 498

61

503
94

1 083

1,110

d

684
214
077
934
998
833

544
118
343
106
933
547

113
73
31
72
23
19

087
025
034
841
004
446

536

1 267

110
72
29
77
17
19

114
74
31
73
22
19

10 586
1 291

9 821

38

872

614
96

451
835
9,290
667
202

1 179

1 348

1 290

1,253

1,399

1,348

465

d

510
957
10, 298
1,359

879

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption
thous. of wine gal
Production
do __
Stocks, end of month
do
Alcohol, ethyl:
Production thous. of proof gal__
Stocks, warehoused, end of month.
do
Withdrawn for denaturing
do
Withdrawn, tax paid
do
Methanol:
Exports, refined
gallons..
Price, refined, wholesale (N. Y.).dol. per gaLProduction:
Crude (wood distilled)
thous. of gaL_
Synthetic
do
Explosives, shipments
.
thous. of Ib .
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 ton..
Production
- short tons .
Purchases:
From fertilizer manufacturers.
do
From others
do
Shipments:
To fertilizer manufacturers
do
To others
..
do
Stocks, end of month
do .

14, 889
14, 714
1,329

10 037
10, 037
1 586

9,625
9,707
1,662

9 497
10, 443
2,605

11, 195
11,510
2,919

14 157
13, 694
2 445

15 566
15, 098
1 975

13 544
13, 158
1 586

12 441
12 215
1 360

10 499
10 610
1 468

10 558
10 556
1 465

13, 339
13, 192
1,313

12, 451
12, 654
1 511

29, 606
10, 000
26, 526
3,012

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

23, 354
10, 027
23 110
2,959

23 762
9, 503
22 056
2 128

24, 224
11, 963
19 434
1,742

22, 030
12, 166
19 070
1 766

21, 702
11, 127
23, 705
2,735

26, 248
11, 330
22, 789
2,449

94, 467
.34

21, 932
.34

53, 341
.34

74, 295
.34

228, 961
.34

198, 332
.34

162, 302
.34

191, 739
.34

267, 077
.34

14, 283
.34

102, 711
.34

94, 467
.34

61,831
.34

37, 891

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

468
4 440
34, 444

484
3 913
33 461

450
3 420
36 080

435
3 171
33 631

455
3 673
35, 722

463
3 698
31, 986

149, 995
525, 157

16.50

137, 445
573, 421

103 675
567 698

138, 880
547 686

143 742

137, 321

134. 050

153, 215

140, 444

169, 878

179 677

178, 193

184 149

162 306

177 376

156 362

16.50
191, 643

16.50
176, 846

16.50
180, 553

16.50
194, 664

16.50
193, 243

16.50
222, 476

16.50
216, 290

16.50
223, 131

16.50
221 788

16.50
226 069

16.50
234 026

16.50
218 846

15, 692
27, 330

18, 013
36, 029

24, 133
32, 517

30, 782
31, 476

33, 813
27, 163

38, 361
25, 518

33, 220
36, 184

22, 941
32, 732

32 570
38 659

26 343
25 650

25 309
33 008

23 215
30 922

37, 371
59, 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

43, 014
57, 475
110, 939

36, 377
74, 927
100, 246

36 116
81 591
91 407

37 311
69 514
100 338

39 082
78, 095
98 151

53 429
67, 387
93 956

329
108, 207
20 485
80, 484
544
146, 797
97, 020
79, 299
1,228
30, 197

122
90,061
15, 379
66, 619
372
99, 002
83, 707
62, 598
3,386
10,349

72
122, 837
21, 021
86, 672
630
117, 250
109, 618
82, 342
9
7,441

61
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

105
116, 416
15, 891
88, 409
428
63, 852
56, 362
28, 478
637
5,625

182
136 581
16 486
112 063
330
62 706
50' 245
27 718
3' 179
7 903

518
109 654
9 336
87 698
465
87 115
81 085
34 332
2 112
2 765

762
94 316
11 031

1,365
90 255
10 674
74 162

76* 333
686
'498
95 474 152 323
92' 203 134 290
84 337
40 254
1 086
' 353
14 110
1 436

1,390
74 715
16 748
49 481
1 580
120 330
106 737
89 565
3 551
1 891

1.450
7,521

1.450
27, 054

1.450
39, 212

1.450
37, 998

1.450
51, 213

1.470
46, 003

1.470
51, 644

1 470
36 833

1.470
51,502

1 470
35 536

1 470
29 802

1 470
24 477

FERTILIZERS
Consumption, Southern States
thous. of short tons..
Exports, total§
__longtons_.
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. per cwt
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 100 lb__
Receipts, net, Sports
bbl. (5001b.)__
Stocks, 3 ports, end of month _
do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal..
Receipts, net, Sports
bbl. (50 gal.)..
Stocks, 3 ports, end of month
do

258

1.470

339, 736
133, 372
906, 650

327, 169 323, 567 361, 387 327,117 404, 467 398, 341 425 118 408, 192 384 548 435, 675 397, 497
45, 649
61, 120 27, 584
45, 389 130, 823 98, 210
55 997 110 438 183 560 373 846
43 192
945, 712 1,010,047 1,091,183 1,135,178 1,201,715 1,244,655 1 285 408 1 264 881 1 202 767 1 074 842 777 152

1.87

1.96
37, 792
516, 741

1.76
43, 411
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

1.87
35, 018
542, 091

1.72
34, 098
561, 241

1.73
17, 906
560, 045

1.65
11, 941
542 446

1.78
9,996
523 594

1.87
19, 337
505 860

.43

.28
9,429
50,704

.26
11, 302
53, 345

.27
12, 340
54, 488

.28
11,496
55, 809

.31
9,762
51, 053

.35
8,364
44, 961

.39
7,793
44,488

.38
6,986
40 016

.42
3,027
35 421

.39
2,158
33 906

.39
4,682
23 682

.42
6,358
25 022

OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (quarterly):
Animal fats:
Consumption f actory
thous. of Ib
Production
do
Stocks end of quarter
do
Greases:
Consumption, factory .
do
Production
do
Stocks, end of quarter.
do

231, 581
610, 030
633, 821

235, 774
508, 543
557, 921

269, 361
672, 886
600, 347

291 452
617 500
623 896

89, 978
109, 979
122, 330

82, 409
104, 520
121, 217

98, 639
126, 451
134, 002

104, 910
120 557
130, 401

* Deficit.
tRevised series. Data for telegraph and cable carriers revised to exclude data for radiotelegraph carriers; for revised data beginning 1934, see table 48, p. 16 of the November 1940 Survey. Wholesale price of gum rosin revised beginning 1919; see table 3, p. 17 of the January 1941 Survey.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15 p. 18, of the April 1941 Survey




40

SUEVEY OF CUREENT BUSINESS

Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941

May

July 1941

1940

May

June

1941

Sep- October Novem- DecemAugust tember
ber
ber

July

January

February

March

April

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Animal, including fish oils (quarterly)— Con.
Shortenings and compounds:
Production
thous. of Ib
Stocks, end of quarter
do
Fish oils:
Consumption, factory
do
Production
„ do
Stocks, end of quarter
do
Vegetable oils, total:
Consumption, crude, factory (quarterly)
mil. of lb__
Exports
thous. of lb_
Imports, total§
. do
Paint oils
..
do ._
All other vegetable oils§
do
Production (quarterly)
mil. of lb._
Stocks, end of quarter:
Crude
-. .- do
Refined
do
Copra:
Consumption, factory (quarterly) .short tons..
Imports.-. .
do
Stocks, end of quarter
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of Ib
Refined (quarterly)
. . . _ do
In oleomargarine
do
Imports!
-.
do
Production (quarterly) :
Crude _ . _
..
do
Refined
do
Stocks, end of quarter:
Crude
do
Refined
do
Cottonseed:
Consumption (crush). ..thous. of short tons..
Receipts at mills
do
Stocks at mills, end of month _
_ do
Cottonseed cake and meal:
Exports§
short tons..
Production
do
Stocks at mills, end of month
do —
Cottonseed oil, crude:
Production
.thous. of lb._
Stocks end of month
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
In oleomargarine
do ..
Price, wholesale, summer, yellow, prime
(N. Y.)_
dol. perlb..
Production
thous. of lb_.
Stocks, end of month
do .
Flaxseed:
Imports
thous. of bu
Minneapolis:
Receipts
... . do
Shipments
.
do
Stocks
do
Duluth:
Receipts
.
.. .
do
Shipments
do
Stocks
do
Oil mills (quarterly) :
Consumption
... . do
Stocks, end of quarter
do
Price, wholesale, No. 1 (Mpls.)-.dol. per bu_.
Production (crop estimate)
thous. of bu._
Linseed cake and meal:
Exports?
do
Shipments from Minneapolis
do
Linseed oil:
Consumption, factory (quarterly)
do
Price, wholesale (N. Y.)
dol. per lb__
Production (quarterly)
thous. of Ib
Shipments from Minneapolis . . . . do Stocks at factory end of quarter
do
Oleomargarine:
Consumption (tax-paid withdrawals) t_ do
Price, wholesale, standard, uncolored (Chicago)
dol. perlb..
Production?
thous. of lb..
Vegetable shortenings:
Price, wholesale, tierces (Chi.)
dol. per lb,_

8,804
71, 149
11, 944
69, 205

287, 998
52, 880

296, 179
48, 144

332 320
53, 700

355 698
46 417

47, 402
5,843
166, 507

43, 958
42, 816
174, 462

51, 818
91, 722
199 458

45 542
15 846
157 223

622

756
8,648
78, 214
15, 791
62, 424

558

10, 245
96, 629
19, 533
77, 096

11, 695
74, 854
10, 839
64, 015

713
684
27, 606

1 468

185
51

2,527
18, 150

101
26

70, 217
17, 454
46,933

146, 156
58,492
1,575
26, 729

9,680
57, 977
2,745
55, 232

540

13, 383
64, 460
6,027
58,433

1, 012
9 318
68 389
1 625
66,764
1,184

7,290
54, 366
1,300
53, 066

737
452
19, 137

20,578

1,261
36, 659

1,180
26, 286

57, 579
11,980
29, 293

148, 245
56, 248
1,142
21, 684

26, 861

30,584

1,464
36, 157

1 664
34, 412

69,664
27, 606
34, 797
150 410
52 296
1 528
40 224

73, 038
75, 920

87,883
73, 938

202, 239
15, 083

209, 674
13, 772

242 973
14 123

42
18

77
125

353
599

37 275
61 097

437

60 660

935
570

87, 781
69, 451

57
23

8 758
51 320
1 239
50 081

700
1 407
1,040

644
766
1,162

544
657
1 276

1 096
12 685
57 672
4 626
53 046
1 059

11
82
4
77

246
135
536
599

914
637
34 294

16 271

1 280
22 157

1 296
32 207

69 423
20 199
34 851
161 405
61 126
1 424
25* 831

18 672

1 381
41 155

86 251
80 703
209 940
15 550

._560
361
1 076

458
225

373
147

305
91

269

97
52

31

1

47, 227
129, 173

140

26, 165
110, 909

19 566
79, 501

138

36, 303
57, 539

155, 320
95,884

140

86 386
255, 028

312, 138
130,714

286 890
153, 465

239 375
175, 700

248 916
215, 358

66, 275
97 103

36, 438
98 843

19, 396
66 134

14, 123
37 352

23, 158
24 267

110, 592
80 274

224,625
148 288

205, 192
182 533

174, 151
176 626

11 444

8,468

316, 196
7,392

8,526

8,275

312, 007
9,956

11, 827

10, 908

.105
97, 773
422 443

.064
79, 498
600, 480

.060
51, 091
553, 395

.060
45, 862
493, 658

.056
34, 262
412, 564

.056
46, 171
348,042

.054
134, 368
356, 104

.057
158, 418
400, 259

1,434

521

661

628

24

704

1,093

769

1 482

161
123
519

42
38
248

7,307
1,180
2,816

5,813

1,226

234

388
452

2,299

209
172
701

7,073

7,363

6,232

407
251

476
71

5,410

4,739

3 952

192
416
381

170
180
78

53

63
183
10

1,566

517
674

2,042

1,333

2,293
1,691
1 935

537

130

1,778

277

61
220
118

168
11
275

159
1
434

1.87

1.97

6,637
3,148
1.78

1.58

1.50

6,943
7,038
1.48

1.47

1.59

10, 083
7,077
1.64
31, 127

1.78

1.75

21, 538
13, 760

1,926
10, 440

56

629

2

34, 960

32, 440

42, 920

1 512
44,400

34

2

29, 440

282

18,560

1,021
22, 760

159

20, 240

30 760

27 800

.108

.105

.092

.087

.083

.086

.095

.095

20, 300

14, 000

14, 350

H, 550

16, 600

13, 250

H, 350

14, 950

26, 853

24, 150

19, 517

22,066

22, 498

25, 719

29,489

30,854

31, 118

33,835

27, 869

34,328

30, 579

.130
27, 693

.120
24, 703

.120
19,870

.120
22, 021

.118
21,664

.115
26,542

.115
30, 160

.115
30,002

.115
32, 457

.118
34,030

.120
28,103

.125
33, 880

.130
32, 179

.124

.098

.095

.095

.093

.090

.086

.087

.088

.094

.094

.097

.111

302

247

193

202

213

218

140

150

208

182

301

342

43

55

721
140

63

o

98, 977
.099
128, 383
14, 450
132, 881

40

86

244

333
40

347

101, 652
.084
135, 389
16, 600
115 135

844

617
g

403

201 822
252, 947

165 520
245, 634

132 635
256, 255

179, 475
176 425

147, 702
176 281

122, 833
167 195

102, 196
128 451

328, 495
13 107

13 450

11 626

350 747
13 142

12 896

.059
168, 517
458 335

.064
179, 925
484 764

.062
145 105
507 248

.071
123 772
505 219

.086
130 692
475 849

1 285

1 223

1 286

414
133

718
74

91

185

1

100, 837
.088
192, 185
10, 850
153, 820

54

31

643
139

3 620

2 743

159

593

193
168
619

10 228
4 159
1.80

1.93

(a)

106 787
.099
196 281
18 900
192 850

1 201
30 680

.107
21 600

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 —

56

43

47

49

50

48

40

35

44

242
413

207
316

199
251

183
295

193
311

181
302

158
273

138
259

146
294

159
279

202
376

270
483

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, 59a
9.836

37, 748
27, 347
12,594
14, 753
10.401

30, 795
22, 819
11. 336
11,483
7.976

27,326
20,472
10, 785
9,686
6,854

33,408
24,609
12,206
12,403
8.799

32,538
24, 013
12. 177
11, 837
8.525

38, 541
28,245
13, 752
14, 493
10.296

50,029
35,160
15, 246
19, 914
14. 869

'December 1 estimate.
«• Less than 500
500bushels.
bushels.
§Data revised for 1939; for exports, see table 14, p. 17, and or imports, table 15, p. 18, of the April Survey .
^Production and consumption of oleomargarine revised beginning July 1939 see note marked "}" on p. 40
41 of the April 1941 Survey.




43

41

SURVEY OF CURRENT BUSINESS

July 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

1941

May

1940

May

June

July

1941

tob

**»* tSKr °° « ™- "is-

January

February

March

April

CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption
.thous. of Reproduction
do __
ShipTnents<3*
do
Cellulose-acetate sheets, rods, and tubes:
Consumption...
_
-thous. of lb_.
—
Production
do
Shipments cP
do
Moulding composition:
Production..
._
.
do
SMprflfintst
flo

850

168
899

955

168
890

970

280
1,093
1,113

247
1,096
1,136

207
1,061
1,131

183
1,109
1,068

185
1,167
1,112

230
1,132
1,145

249
1,308
1,233

21
1,42
1,26

10
702

6
634

8
565

7
773

8
826

9
983

944

5
934
1,037

8
867

7
617

"3
'344
'335

10
465

1
40

893
837

871
682

897
777

1,423
1,342

1,709
1,501

1,926
1,783

1,606
1,410

1,435
1,317

1,632
1,584

2,924
761
1,184
980

2.707
734
1,076
897

2,982
827
1,166
989

3,484
1,012
1,293
1,179

3,947
1,138
1,358
1,451

4,254
1,147
1,370
1,737

3,006
888
881
1,238

2 Ifi3
769
570
824

2 249

171
800

212
770

926

649

562

408

784

755

733

675

373

40

1,879
1 642

2,232
1,991

2,25
2 10

2 515

3 105

3 14

1,014

1,038
1,266

1 25
1 08

ROOFING
Grit roil
Shingles (all types)
Smooth roll... .. .. .

do
do
_. . do.

888
533
828

811
690

80

801

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total*
mil. of kw.-hr.. 13, 527
By source:
Fuel
do.. . 9,284
Water power .
do
4 243
By type of producer:
Privately and municipally owned electric
utilities
mil. of kw.-hr 12, 105
Other producers
do
1,423
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
Intprde.pRrtmfintftl
do
Revenue from sales to ultimate customerst(Edison Electric Institute)
thous. of dol..
GASf
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.. .
TndTis^fif.1 apd CQTnrnerc'al
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
Revenue from sales to consumers, total
thous. of dol _
Domestic
do
Ind'l., com'L, and elec. generation - do

11, 614

11,489

12,094

12,444

11,984

13, 055

12,765

13,456

13,641

12,293

13, 095

'12,885

7,011
4 604

7,272

7,934

8,476

8,129
3 855

9,396

9 057
4 399

9 054
4 537

8 381
3 912

8 706
4 388

rg 051

3 659

8 731
4 034

10 594
1 021

9,367

1 787

152

1,742

4 217

4 160

3 968

10, 461
1 028

10, 949
1 146

11, 226
1 218

10,796
1 188

11, 702
1 353

11 462
1 303

12 119
1 337

12 311
1 330

11 027
1 266

12 061
1 034

9,479

9,611
1,769

10, 105
1,828

10, 057
1 891

10, 397
1 922

10, 577
2 093

10, 895
2 222

1,799

211

1,799

262

1,819

288
1,915
5,191

260

177

131

1,926
5 115

1,886
5 445

1,970
5 379

4,797
143
215
468
63

4,827
130
215
439
58

4,908
136
212
444
61

193, 280

195, 785

195, 547

201, 993

204, 434

10, 003

10, 020

10, 042

10, 064

10 140

9,269
260
463

31, 782
16, 077

5,536
10,002

9,299
249
461

28, 754
16, 988
2,183

9,330

' 240

462

26, 559
16, 072
1,233

149
224
451
58

9,348
241
463

25, 105
14, 787

9,083

932
9,256

29, 781
22, 137
1,594

27, 929
21, 133

26, 661
19, 992

6,956
558

7,482
6,948
532

7,461

108, 960
30, 878
76, 868

96, 361
21, 524
73, 584

93, 728

74, 688

16, 233
78, 207

37, 143
21, 540
15, 401

30, 885
16, 574
14, 122

28, 523
14, 252
14, 071

28, 240
13, 284
14, 746

31, 137
21, 650

3,053
6,322
7,516

9,443

5,965

968
5,744

6,932
527

17,883

789
5,783
7,501

6,976
523
96,116

165
222
442
35

9,408
262
462

27, 641
16, 760
1,241
9,491

2,034

2,126
5 616

2,009
5 456

1,924
5 750

206,983

214, 161

219, 913

228, 159

217, 629

212, 603

10, 142

10 115

10 156
9 394

10. 106

10 149

10 119

304
448
37,946

9,350
282
465
37,950

15, 892
10, 801

17, 312

9,608

38 046
16 997
10, 095

38, 025
16, 866

10,704

11, 457

35, 166
21, 247

34, 489
20, 851
6,419

9,398
281
453
30,682
17, 340

2,837

10, 316

9,367
292
447

33, 824

15,623
7,290
10, 699

11,000
34,904

7,563
7,033
528

7,636
7,080
554

29, 458
13, 812
15, 423

2,060
117

217
248
551
67

32, 589
21, 569
4,137

81,403

10, 895

123

5 448

31, 213
22, 479
2,150

100, 689
17, 449

10, 801
2 195

130

201
237
504
61

189
233
488
58

29, 134
21, 932
1,103

6,005

11, 382
2 396

109

6,464

35, 157

21,988

6,992

6,107
6,918

7,755

7,804

7,764

594

608
147,071

591

6,750
7,158

126, 389

86, 184

90, 342

33, 700
16, 720
16, 747

10, 791

21, 629
6,136

110, 389

22,306

215
254
580
65

34,047

41,618

22, 977
18, 373

7,194

49, 515
95, 516

51, 838
30, 975
20, 583

185
251
519
63

9*383
294
463

6,784
6,987

9,453

7,055

95, 184

54,973

157, 611
56, 914
98, 440

156, 230
54, 887
85 084

56,464
34,885

57, 356
35 086

56, 232
33, 907
21, 960

151, 963

21, 321

21,920

11 575
l 309

r

9,354
280
473

7 824

589

4 834

179
248
553
64

7 773
7,182

7,170

r

7,223
599

FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
5,597
5,074
5,839
5,485
4,001
3,915
4,434
Production
thous. of bbl_.
5,851
3,396
3,606
3,863
5,129
3,660
4,884
5,320
5,393
4,194
5,380
5,856
4,300
4,522
3,765
3,777
3,185
3,786
3,200
Tax-paid withdrawals
.do
9,019
9,324
8,314
7,840
7,001
8,255
8,642
9,509
8,776
7,325
Stocks
. do .. 8,834
7,483
7,787
Distilled spirits:
6,742 16. 701 21, 487 17, 567 15, 712 16, 015 15, 131 15, 475
14,728
10,658
7,581
13, 926
14, 725
Production __
thous. of tax gal
7,522
10,862
7,634
11,494
9,722
4,850
8,176
13, 173
6,043
Tax-paid withdrawals
do
8,958
6,974
8,458
8,011
504
1,084
866
770
1,240
1,386
1,824
702
879
1,052
576
630
Imports
thous. of proof gal
549, 788 525, 441 525, 395 523, 596 521, 601 519, 017 518, 638 518, 358 522, 699 530, 859 536, 917 541, 932 546, 764
Stocks
_
..thous. of tax gal
Whisky:
12 027
8,187
3,252
10, 303
Production
do
5 200
12, 265
12 602
11, 492
6,762
11, 761
13, 532
12 658
11 860
8,331
3,617
5,827
8,982
7,331
7,535
6,354
10,529
5,019
5,834
6,637
6,144
Tax-paid withdrawals
do
5,475
930
752
1,570
589
413
661
1,096
1,270
510
568
812
991
Imports .
thous. of proof gal
Stocks
thous. of tax eal_. 502.847 480. 599 480.938 479. 189 477,484 476.980 476.298 475. 611 479. 102 486. 133 491. 301 495. 735 499. 854
' Revised, concludes consumption in reporting company plants. ^Excludes consumption in reporting company plants.
fRevised series. Manufactured and natural gas revised beginning January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and
revenue from sales beginning 1937 will be shown in a subsequent issue.
•Monthly data for 1920-39, corresponding to averages shown on p. 97 of the 1940 Supplement, appear in table 28, pp. 17 and 18 of the December 1940 Survey; revised
data for all months of 1940 are shown on p. 41 of the June 1941 Survey.




42

SURVEY OF CURRENT BUSINESS
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

May

July 1941

1940
May

June

July

August

1941

September

DecemOctober November
ber

January

February

March

April

FOODSTUFFS AND TOBACCO—Continued
ALCOHOLIC BEVERAGES— Continued
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
thoiis- of WJTIO gal
Tax-paid withdrawals ~
do ._
Imports

Stocks
. _
...
Sparkling wines:
Production
Tax-paid withdrawals .
Imports
.
Stocks
.

do

do
do
do
.
do ..
do

5,164
4,199

3,466
2,694

5,239
4,218

4,392
3,446

2,389
1,630

4, 182
3,501

6,114
5,356

6,749
5,856

4,563
3,755

3,111
2,533

3,380
2,833

4,196
3,368

4,134
3,300

9,720
8,221

14, 691
12, 637

10, 142
8,348

6,413
5,003

10, 350
9,060

14, 525
13, 074

16, 856
15, 231

12, 293
10,894

8,056
7,068

9,116
8,108

11, 345
9,547

10, 909
9,209

1,712
5,782
306
105, 340

2,019
10,429
665
93, 245

3,303
3,385
196
91, 237

22, 108
4,730

100, 105
6,435

105, 647
8,781

35, 602
10, 273

10, 147
10, 213

93, 969

132, 148

170, 183

172, 258

163, 774

2,082
6,682
120
157, 724

1,667
6,983
107
156, 038

863
7,828
141
143, 256

1 723
8,008
134
135, 410

90
24
39
619

83
34
101
660

28
18
29
669

34
20
18
680

50
52
32
678

54
84
54
643

73
125
36
589

82
162
45
492

62
39
10
512

63
34
7
539

50
35
6
551

140
39
7
647

149, 559
.27
205, 310
77, 919

141, 021
.27
183, 830
73, 449

153, 223
.28
164, 030
58,512

150, 219 158, 235
.29
.30
144, 205 •135,435
55, 754
53, 377

152, 949
.33
115, 720
45, 580

150 747
.35
124, 540
49 659

148 186
'.31
136, 450
56 582

143 902
.31
130, 825
53 126

157 104
.32
149, 690
59 565

154 601
.33
163,535
62 342

81, 005

123, 628

134, 266

69, 686
3,363

62, 410
1,780

.16
93, 300
74,790
15,003
114,362
96, 143

.17
84,500
67, 770
15, 276
138,049
115, 992

1,194
4,550

DAIRY PRODUCTS
Butter:
174, 873
Consumption apparent!
thous. of Ib
.28
Price, wholesale, 92-score (N. Y.).dol. per lb._
.36
Production, creamery (factory) f. thous. of lb._ 215, 570 ••192,560
68,405
74,366
Receipts, 5 markets
do
Stocks, cold storage, creamery, end of month
25, 463
thous. of lb-_ 56, 359
Cheese:
82, 158
Consumption, apparent!
.
..do
4,072
Imports§
do
Price, wholesale, No. I Amer. (N. Y.)
.15
.21
dol. perlb..
Production, total (factory) f
thous. of lb__ 99,700 r 87,100
65, 685
American whole milkf
do
76, 665
12, 507
16, 139
Receipts, 5 markets
...
do
87, 555
119, 628
Stocks, cold storage, end of month
do
Amflricfln whole millc
do
73,056
102, 768
Condensed and evaporated milk:
Exports :§
442
Condensed (sweetened)
_do
3,636
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.):
5.00
5.00
Condensed (sweetened)
dol. per case
3.43
3.00
Evaporated (unsweetened)
do
Production, case goods :f
4,816
Condensed (sweetened)
thous. of lb. . 10, 258
Evaporated (unsweetened)
.
do
353, 761 276, 376
Stocks, manufacturers', case goods, end of
month:
6,815
Condensed (sweetened)
__ thous. of lb__ 10, 327
Evaporated (unsweetened) _
do
173, 838 287, 778
Fluid milk:
4,691
5,101
Consumption in oleomargarine ._ . .do _.
2.18
Price, dealers', standard grade. dol. per 100 lb_. 2.27
Production (Minneapolis and St. Paul)
thous. of lb-_ 49,501 45, 110
Receipts:
Boston
thous. of qt._ 22,480 20,992
128, 218
Greater New York
do
Powdered milk:
1,003
Exports.
thous. of lb__
43, 852
48,323
Production
do
35,
843
36, 662
Stocks, mfrs., end of month
_
do

102

136

251

216

257

128,087

105, 106

67, 598

41, 497

29,715

16, 462

64,059 • 65,007
1,534
1,377

67,856
2,093

57, 611
2,261

56 233
2 073

55 219
1 922

57, 035
2 290

.17
73,000
57, 680
13, 272
148, 173
125, 300

.17
64,800
50,975
14, 786
149, 309
127, 202

.17
60, 300
46,050
17, 501
143, 633
123, 953

.18
48,600
35, 520
14, 648
136, 574
118, 516

.19
46,500
33 635
12 913
128, 699
112 237

.18
50,100
36 350
11, 894
125, 308
109 820

.17
49,100
35 695
10, 894
119, 381
105, 153

4,589
15,068

3,368
52, 964

3,402
16,017

5,387
4,572

4,347
6,034

3,294
4 434

3,637
4 162

4,235
7,178

5,020
8 743

7,822
7 773

5.00
3.05

5.00
3.10

5.00
3.10

5.00
3.10

5.00
3.10

5.00
3.10

5 00
3.20

5 00
3.20

5 00
3.20

5 00
3.20

5.00
3.23

6,166
295, 724

6,741
260,590

6,088
230, 991

6,608
196, 256

7,841
172,036

6,166
133, 590

6,160
150 940

6,998
171 609

6,511
167, 046

9,414
203 624

9,433
258 014

10, 221
288, 565

10,454
321,332

9,728
349, 433

9,580
380,545

9,115
358, 224

8,543
226, 266

8,047
187 652

7,810
189 246

7,274
176 624

7,340
136 073

7,228
126 160

3,811
2.18

4,264
2.18

4,179
2.18

5,118
2.18

5,545
2.20

5,545
2.21

6 033
2.24

6 227
2.26

5,348
2.26

6 414
2.26

6 016
2.27

43,470

34,931

29,883

27, 188

27,925

28, 784

35,951

40, 605

39, 248

44, 972

44, 477

20, 370
126, 476

21,505
126, 158

21, 381
123,500

20, 344
126, 576

20,928
128, 611

20,397
125, 242

20, 255
127, 792

20,348
128, 272

18, 754
115,883

21, 598
131 556

21, 353

1,048
46, 646
40, 412

1,213
35, 859
42,805

1,461
30,291
46, 624

796
25,535
45, 252

1,966
26, 913
41,032

4,390
22, 819
36, 037

1,961
25 459
34, 175

1,390
26 375
33, 351

1,770
25 770
35, 927

1,415
32 475
36, 831

FRUITS AND VEGETABLES
Apples:
Production (crop estimate)!
thous. of bu._
i 115,456
'576
'725 r 4, 297 '9,960 ' 5, 770 r 4 367
••599
2,718 ' 1, 628
Shipments, carlot •
no. of carloads..
Stocks, cold storage, end of month
0
8,890
1,135
31,364
0
0
2,316
34,086
thous. of bu__
28,656
Citrus fruits, carlot shipments *-no. of carloads. . 19, 869 ' 13, 347 ' 12, 402 ' 10, 186 r 10, 305 ' 7, 972 ' 11, 803 ••13,478 '16,598
r2,441 ••2,685
2,762
' 1, 039
' 2, 981 » 1, 811
' 1, 239 ••2,341
Onions, carlot shipments •
. . do
'!> 386
Potatoes, white:
2.194
1.675
2.131
1.445
1.770
1.581
Price wholesale (N. Y.).
dol. per 100 lb.. 1.700
1.350
1.420
Production (crop estimate)
thous. of bu__
397,722
22,655 ' 22, 026 ' 22, 329 ' 14; 537 * 7, 871 ' 12, 640 ' 17, 996 ' 12, 630 r n 576
Shipments, carlot *
. no. of carloads

8,983 r 17, 795
r

75 981
1 871

71 264
1 544

.19
.17
72,800
60,500
54 120
44 635
15 166
15 122
109, 893 'r 108,335
94 602
97 496

1,631
37 282
••36,036
r

4,219

4 284

4 218

2,720

23, 014
20,050
1 867

17, 070
15,604
1 569

10, 529
18, 541
1 763

'5,999
16,937
920

1.481

1.531

1.488

1.5SO

17 552

17 676

25 762

18 442

GRAINS AND GRAIN PRODUCTS
Exports, principal grains, incl. flour and meal§
3,825
6,289
10, 141
5,789
10, 673
6,630
5,210
2 559
thous. of bu
2 812
3 279
5 291
4 244
Barley:
Exports, including malt §
do .
206
122
74
228
130
218
104
173
166
123
109
162
Prices, wholesale (Minneapolis):
.58
.51
.57
.50
.46
.45
No. 2, malting
...dol. per bu__
.52
.48
.54
.52
.50
.51
.55
.54
.41
.55
.42
.45
No. 3, straight
do
.46
.45
,50
.51
.51
.53
.52
.51
Production (crop estimate)
thous. of bu . _2 318,054
309,235
9,598
5,997
3,847
8,406
2,870
14, 155
Receipts, principal markets.
_ do
7,117
6,628
6 357
7 877
6 496
5 442
6 510
4,726
8,809
10, 254
6,956
11, 074
5,598
Stocks, commercial, end of mo
.do
9,682
11, 371
8,195
7,335
9,640
6,561
5, 157
Corn:
4,139
Exports, including meal§
do
2,372
6,701
3,357
1,261
5 512
950
103
786
558
40
175
3
8, 674
7,607
5,940
6,324
Grindings
_. _. . . _.
do .
6,390
6,674
7,533
6,385
6 633 3 7 294 3 6 487 3 7 goo 3 8 905
Prices, wholesale:
.72
.69
.66
.64
.65
.66
.65
No. 3, yellow (Chicago) t
dol. per bu_.
.64
.62
.62
(4)
.66
.69
.78
.77
No. 3, white (Chicago)
-do....
.69
.69
.67
(4)
.69
.66
(4)
(4)
(4)
.70
.72
Weighted average, 5 markets, all grades
dol. per bu..
.69
.64
.65
.66
.68
.66
.63
.63
.58
.59
.58
.62
.67
l
2
3
4
'Revised.
December 1 estimate.
June 1 estimate.
For domestic consumption only, excluding, grindings for export.
No quotation
IProduction in "commercial areas"; not comparable with earlier estimates of total crop or "commercial" crop. Some quantities unharvested on account of market conditions are included.
JFor monthly data beginning 1913, corresponding to monthly averages shown on p. 105 of the 1940 Supplement, see table 20, p. 18, of the April 1940 Survey.
fData for 1939 revised. For revised figures for production of condensed and evaporated milk, see note marked "f"» P- 42 of the January 1941 Survey; revised 1939 data for
butter and cheese production and consumption, superseding figures shown in the January 1941 Survey, will be published later.
5Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
•Revisions not shown above are as follows: Apples—Jan., 4,979; Feb., 5,022; Mar., 4,676, Apr., 3,594; Citrus fruits—Jan., 18,874; Feb , 14,339; Mar , 14 9-17- Apr 15 548'
Onions—Jan., 2,484; Feb., 1,827; Mar., 2,243; Apr., 1,619; Potatoes—Jan., 18,835; Feb., 18,089; Mar., 25,008; Apr., 18,934.
*' '




SURVEY OF CURRENT BUSINESS

July 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

1941
May

43
1941

1940

May

June

July

Novem- DecemAu
^ j temper October
ber
ber

Janu-

ary

Febru-

ary

March

13, 862
7,091
70, 142

18, 628
9,280
71, 290

April

FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS- Con.
Corn— Continued.
Production (crop estimate)
thous. of bu_.
24,846
Receipts, principal markets . _
do
22, 133
Shipments, principal markets
do
60, 959
Stocks* commercial, end of month-. __ do
Oats:
Exports, including oatmeal §
do
Price, wholesale, No. 3, white (Chicago)
.37
dol. per bu_.
Production (crop estimate)
thous. of bu._ 11,117,419
3,854
Receipts, principal markets
do
4,571
Stocks, commercial, end of month
do
Rice:
Exports!
pockets (100 Ib.)
Tip ports
dn
Price, wholesale, head, clean (New Orleans)
.049
dol. per lb._
Production (crop estimate) . thous. of bu
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
171
thous. of bbl. (162 Ib.)..
Shipments from mills, milled rice
837
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
2,050
thous. of pockets (100 lb.)__
California:
Receipts, domestic, rough. ..bags (100 lb.)._ 538, 282
395, 017
Shipment from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo_ .bags (100 lb.).-. 290, 223
Rye:
Exports, including
flour
thous. of bu._
."58"
Price, wholesale, No. 2 (Mpls.)--dol. per bu._
Production (crop estimate)
thous. of bu i 44, 828
3,282
Receipts, principal markets
do
5,486
Stocks, commercial, end of month
do
Wheat:
Disappearance
do
Exports:§
Wheat, including
flour
do
Wheat only
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
.98
dol. perbu..
.97
No. 2, Red Winter (St. Louis)
do
.90
No. 2, Hard Winter (K. C.)._
do,...
.94
Weighted av., 6 markets, all grades.. do....
Production (crop est.), total
thous. of bu 1910,699
1213, 007
Spring wheat
do
1 697, 692
Winter wheat ..
... do
17, 114
Shipments, principal markets
do
Stocks, end of month:
428, 235
Canada (Canadian wheat)
do
United States, total
do ...
139, 513
Oommnrcifll
<1o
Country mills and elevators ... . do
Merchant mills
do
On farms
. . . do
Wheat flour:
Disappearance (Russell-Pearsall)
thous. of bbl
Exports §
do
Grind ings of wheat
thous. of bu
Prices, wholesale:
5.32
Standard patents (Mpls.)
dol. per bbl..
4.32
Winter, straight (Kansas City)
do....
Production:
Flour, actual (Census)
..thous. of bbl._
Operations, percent of capacity
Flour (Russell-Pearsall)
thous. of bbl_.
Offal (Census).
thous. of lb__
Stocks, total, end of month (Russell-Pearsall)
thous. of bbl
Held by mills (Census)
do

13, 116
17,316
24, 726

23,4ll
14,339
25, 419

22, 464
15, 126
25, 354

19, 231
12,385
28, 119

28, 892
12, 617
41, 179

37, 609
18,660
59, 314

21, 608
12,190
65, 489

«2,449,200
20,710
10, 433
70, 067

16, 433
9,050
70, 278

17, 403
14, 012
65, 463

53

70

274

138

.38

.37

.39

.39

3,543
5,664

3,050
4,745

4,567
4,077

4,539
4,473

358, 185
16,228

305, 908
8,421

423 116
7,933

377, 894
7,282

440, 030
17, 970

.034

.035
> 52, 754

.039

.040

.042

.048

2,896

2,379

1,519

1,287

763

721

415

1,558

1,413

1,371

1,431

1,134

1,180

1,131

83

105

66

69

59

74

.41

.35

.32

.30

.31

.34

3,026
4,619

1,912
3,130

4,327
2,769

13, 287
8,395

7,075
9,135

4,238
7,093

289, 562
59, 860

294 632
43 357

246 135
22 711

190 209
52 240

247 498
18,406

245, 881
21, 221

347, 580
23,675

.038

.039

.039

.040

.038

.033

844

366

283

280

970

1,135

954

748

772

1,019

87

75

.38
n.235,628
5,337
4,031
6,592
6,688
.38

2,632

2,084

1,647

1,170

1,183

2,667

3,746

4,012

3,964

3,699

3,307

2,675

387, 539
167,697

231, 879
196, 394

319, 168
148,390

473, 827
160, 879

488, 847
370, 380

376, 624
126, 523

203, 870
167, 276

289,627
211, 149

264, 783
81, 855

342, 635
226, 943

447, 277
213, 216

468, 937
209, 425

455, 525

358,843

367, 777

473,481

400, 797

491, 976

429, 129

380,200

431, 886

378, 074

378, 179

400, 577

112
.59

4
.45

1
.44

<3)
.41

239
.44

2
.48

00
.53

(3)
.50

(3)
.52

(')
.57

1,324
9,912

695
9,506

687
9,037

1,732
9,142

1,520
8,520

1,467
8,112

2
.50
» 40, 601
713
1,078
6,640
7,658

609
6,223

337
5,462

792
5,269

961
4,951

4 069
549

2,206
301

1,864
46

2,484
56

3 768
1,998

4,855
1,246

.89
.92
.85
.87

.88
.91
.83
.85
>816, 698
*227, 547
J589, 151
0,652
16, 210

.90
.92
.85
.88

.85
.86
.78
.81

.90
.90
.85
.89

.95
.93
.87
.90

10,025

8,085

9,432

11,716

415,707

440,293 445, 153
725, 128
169, 776 161, 088
165, 167
106, 303
283, 882

442, 408

439, 533

152, 598

438, 973
545, 574
141, 897
131, 247
76, 675
195, 755

153 446

(3)
.50

152, 779

220 504

2,239
227

1 835
632

3 686
1 876

2 976
934

3 044
988

4,431
1,293

1.01
1.04
.95
.97

.82
.87
.76
.78

.79
.76
.71
.72

.74
.77
.69
,73

.82
.83
.76
.78

.88
.90
.82
.85

179, 554

18, 525

12, 780

29.319

21, 442

17, 925

15. 284

258, 939

255, 181

272, 360

160, 150

180, 052

352, 982
868, 207
186, 523
188, 618
133, 319
359, 746

409,354

97, 714

257, 131
297,542
«• 87, 325
33, 730
90,964
85, 521

5,778
428
38, 694

5, 756
256
35, 079

9,443
385
38, 921

8 902
435
40, 474

9 377
437
42, 268

9,117
668
45, 319

9,889
749
39, 707

9,022
405
37,078

9,061
387
40,000

8,063
517
36, 575

377
39, 792

768
40, 899

5.32
4.55

4.64
4.19

4.48
3.84

4.17
3.71

4.34
3.88

4.62
4.01

4.66
4.24

4.52
4.16

4.70
4.09

4.54
3.58

4.89
3.71

5.01
3.93

8,514
55.2
9,603
673, 073

7,682
51.7
7,872
614,992

8,504
55.1
9,528
681,823

8,881
55.6
9,587
705, 137

9,288
65.5
10,264
735, 441

9,960
62.6
9,535
785, 828

8,737
59.1
10, 713
687,760

8,166
55.6
9,495
639, 306

8,818
58.0
9,248
690,728

8,063
60.3
8,505
630, 124

8,764
57.9
9,043
686,551

9,002
59.5

5,350

5,500
4 193

5,200

5,450

5,900
4 601

5,750

5,825

5,700
4,409

5,500

5,425

1,647

1,576

1,462

1,737

1,785

2,175

2,427

1,868

1,604

1,600

1,313

1,503

1,593

1,013
624
282

936
631
263

858
594
216

991
723
307

939
833
401

1,033
1,083
603

1,110
1,324
808

977
892
496

976
624
290

964
623
266

828
475
220

923
544
251

955
637
302

10.23
11. 97
11.34

9.83
10.89
11.31

9 69
10.33
9.59

10 44
11.02
9.85

11 00
11.33
10.41

11.50
11.47
11.53

11.87
12.09
10.97

12 06
12.21
10.50

11.85
12.61
10.58

11 90
13. 08
11.94

11 27
12.55
12.50

10 81
12 46
11 28

10 67
12 31
11.34

2,564

2,674

2,650

2,259

2,177

2,302

3,113

3,595

3,787

3,039

2,513

2,649

2,610

1,974
587
53

2,005
666
48

1,927
718
33

1,598
649
33

1,497
677
37

1,692
601
36

2,371
730
42

2,682
905
47

2,823
960
40

2,148
881
58

1,817
696
48

1,941
700
48

1 981
623
54

8.97

5.66

5.04

5.99

6.23

6. 59

6.41

8.24

6.42

7.69

7.60

7.53

8.42

12.4

8.4

7.6

9.2

9.2

9.9

9.8

9.9

10.3

13.0

12.8

12.4

12.9

176, 390 , 166, 587

139, 119

706, 944

3 923

LIVESTOCK
Cattle and calves:
Receipts, principal markets, thous. of animalsDisposition:
Local slaughter
do
Shipments, total
.
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Beef steers
dol. per 100 Ib
Steers, corn fed
.
do
Calves, vealers
.
. do
Hogs:
Receipts, principal markets, thous. of animals.
Disposition:
Local slaughter
.
.
do
Shipments, total...
do
Stocker and feeder
do
Prices:
Wholesale, heavy (Chi.).... dol. per 100 lb_.
Hog-corn ratio
bu. of corn per cwt. of live hogs..
r
Revised.
1
June 1 estimate.
2
December 1 estimate.
3
Less than 500 bushels.
§Data for 1939 revised; see table 14, p. 17 of the




April 1941 Survey.

44

SURVEY OF CURRENT BUSINESS
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

May

July 1941

1940
May

June

July

1941

August temper |Oetober

NoTem- December
ber

January

February

March

April

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK— Continued
Sheep and lambs:
Receipts, principal markets.thous. of animalsDisposition:
Local slaughter
do
Shipments , total
do
Stocker and feeder
. do
Prices wholesale (Chicago):
Ewes
__dol. per 100 lb._
Lambs
do

1,928

2,002

1,687

1,894

2,068

2,523

2,737

1,776

1,597

1,721

1,416

1,520

1,618

1,079
853
154

1,077
917
169

915
779
132

972
921
214

876
1,188
383

954
1,530
610

1,085
1,669
890

908
883
320

917
688
154

997
718
148

850
568
128

890
632
131

972
648
113

4.81
10.44

4.16
9.63

3.84
10.16

3.45
9.14

3.50
8.75

3.83
8.54

4.01
8.88

4.03
8.88

4 10
9 06

5 22
9 78

5 63
10 09

6 27
10 29

6 75
9 88

1,200
21
1,200
1,010
77

1,144
19
1,177
1,034
79

1,152
35
1,122
974
77

1,228
17
1,068
796
67

1,167
16
1,051
662
58

1.MS

1,289
17
1,442
788
66

1,200
18
1,550
1,164
102

1,250
18
1,356
1,258
98

1,069
21
1,139
1,310
89

1,221
30
1,216
1,282
83

1,186
28
1,215
«• 1,294
80

MEATS
Total meats:
Consumption, apparent
mil. of lb._
Exports^
_
-. .. do .
1,327
Production (inspected slaughter)
do
1,314
Stocks, cold storage, end of month
do
77
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb._
Exports§
do ..
Price, wholesale, beef, fresh, native steers
.175
(Chicago)
dol. per lb_.
Production (inspected slaughter) .thous. of lb._ 538, 542
77, 501
Stocks, beef, cold storage, end of mo
do
Lamb and mutton:
Consumption, apparent .
. do _
64,752
Production (inspected slaughter)
do
4,129
Stocks, cold storage, end of month
do
Pork (including lard) :
Consumption, apparent .
do .Exports, total _ .
do
Lard
do
Prices, wholesale:
.248
Hams, smoked (Chicago)
dol. per lb_.
Lard, in tierces:
.095
Prime, contract (N. Y.)
do
.106
Refined (Chicago)
do
Production (inspected slaughter), total
723,
277
thous. of lb_.
139,714
Lardf do
1,155,334
Stocks, cold storage, end of month
do
794, 582
Fresh and cured
do
360, 752
Lardl
do
POULTRY AND EGGS
Poultry:
30, 353
Receipts, 5 markets
thous. of Ib
87,427
Stocks, cold storage, end of month
do
Eggs:
Receipts, 5 markets
thous. of cases. . 1,972
Stocks, cold storage, end of month:
5,377
Shell
thous. of cases ._
Frozen
thous. of lb_- 141,103

"484, 142
1,366

441, 163 479,493 480,723 456, 800
1,323
1,076
1,403
1,280

1,349
632
53

524, 736 463, 355
1,508
1,609

439,048 502, 771 429, 195 464,920 486, 031
1 512
1 003
1 079
1 181
1 548

.170
.165
.176
.183
.192
467, 179 429,851 471,496 469, 808 452, 515
53,193 45,972 42,004 35,663 36, 303
56,647
56,567
3,463

52,427
52,245
3,254

659,459
18,664
14,889

650,297
15, 826
12, 697

54,886
55, 019
3,342

57, 579
57,457
3,192

617, 900 689, 594
31,472 14,158
28,239 10, 181

.171

.173

.175

.178

.060
.070

.060
.065

.064
.069

.055
.066

675,942
121,956
876, 512
592, 575
283, 937

694, 535 595, 749 541, 180
121, 511 103,983 90, 525
905,296 851,896 689, 854
598, 522 548,688 417,564
306, 774 303, 208 272, 290

.186
.190
.193
.193
532, 165 483, 045 469, 265 496,850
48,245 71,508 106,990 108, 622
57,848 69, 165 58,705 58 314 70 327
58, 108 69, 618 59, 332 59,026 69, 936
3,411
3,817
4,427
4,699
5,119
651, 872 771, 486 766, 548 702 972 677 365
13,854 14, 033 13, 555 15 034 15, 941
9,956 10, 198 10,228 12 302 13 666
.183
.183
.183
.183
.200
.055
.052
.053
.050
.057
.071
.068
.069
.075
068
540,486 747,045 899, 321 1,021,219 788,844
84,310 114, 789 145, 387 181,917 138, 836
564,904 526, 878 646, 492 950 238 1,046,817
329, 214 303, 712 408, 900 656 169 739, 927
235, 690 223, 166 237, 592 294 069 306 890

26,042
76,904

28,212
82, 336

2,369

1,682

1,274

943

799

5,980
7, 513
123, 793 150, 366

7,784
154, 947

7,241
145, 653

6,040
130, 787

26, 892
82,415

32,987
82, 178

34,087
90,842

44,248
114, 257

.180
.170
.170
410, 821 449,098 473, 364
98, 444 90,373 «• 85, 563
62 355
62, 328
4,378

61 833
62, 214
»• 4, 718

579 230 693 909
17, 603 26 747
14 830 24 329

637 891
25 305
22 375

60,991
60,800
4,448

.218

.218

.238

.062
.075

.070
081

.083
097

666, 956
117, 714
1,118,552
791, 910
326, 642

704, 487
130, 029
1,104 072
785, 387
318 685

679, 746
125, 746
l 123,574
rr 795, 876
327 698

89, 802
159, 110

88 005
208, 365

27,933
191, 410

727

682

734

1,065

1,110

4,144
111,815

1,969
91,273

614
73,326

297
53,828

307
45,239

19, 159 19 324
163, 321 126, 904

1,520

r

r

19 863
101, 129

2,073

1,090 r 3, 031
63,428 ' 99, 531

TROPICAL PRODUCTS
Cocoa:
20,119 22,288 41, 185 35, 396 24, 935 30,053 30, 082 40 548 33, 795 27, 615 32, 218 31 304
Imports§
- - long tons
.0795
.0553
.0495
.0451
.0452
.0466
.0489
.0426
Price, spot, Accra (N. Y.)
dol. per lb._
.0718
.0578
.0534
.0731
.0520
Coffee:
1,050
1,342
703
733
804
847
1,094
1,576
1,136
Clearances from Brazil, total— thous. of bags.. 1,141
1,110
1,306
1,455
571
968
606
912
944
650
708
896
1,428
1,214
To United States
do . .
945
975
1 149
1,339
1,226
1,247
1,393
Imports into United States}
do
1,148
994
2 012
2 135
1,386
2 260
1 605
2 010
Price, wholesale, Rio No. 7 (N. Y.)
.075
.053
.053
.051
.053
.051
.051
.052
dol. per lb._
.063
.057
.068
.053
.053
Visible supply:
997
997
1,018
992
1,044
975
1,099
United States.
thous. of bags.. 2,151
1,709
1,600
1,968
1,157
1,300
Sugar:
Raw sugar:
Cuban stocks, end of month
1,473
2,021
1,776
1,650
1,216
thous. of Spanish tons.. 6,195 '2,239
1,568
2,421
1,258
2,460
1,181
1,037
United States:
Meltings, 8 ports
- long tons 426, 159 351, 629 336, 579 380, 198 318, 357 368, 346 303, 215 350, 401 305 978 307, 619 323 430 415 675 442 264
Price, wholesale, 96° centrifugal (N. Y.)
.034
.028
.027
.028
.027
.027
.027
.029
dol. perlb..033
.034
.030
.029
.029
Receipts: From Hawaii and Puerto Rico
148, 904 64, 831 100, 932 123, 983 125, 256 127, 822 136, 764 118 252 34 554 95 057 143 375 180 098
long tons
222, 532 232, 048 221, 696 198, 490 143, 034 145, 042 175, 548 113,186 236, 098 276, 810 278, 863 380, 881
Imports, totalt§ . .
do 129, 006 148, 833 155, 545 98, 623 90,986 73, 155 91, 442 51 607 148 938 164 919 222 179 266 675
From Cubat
do
93, 447 79,824 66, 140 99,852 52,041 71,884 79,097 45, 955 83,458 106, 397 54, 357 85,001
From Philippine IslandsJ
do
~608~76r 557,928 557,564 487,637 474,426 412, 105 315, 501 295,661 277, 946 276, 034 296, 796 312, 053 460, 549
Stocks at refineries, end of month. _ do
Refined sugar (United States) :
3,995
18, 392 38,636
2,034 10,977
7,420
4,560
6,305
993
1,897
2,996
Exports
do
6,720
.056
.050
.052
.050
.050
.050
.050
.050
.050
.055
.050
Price, retail, gran. (N. Y.)
dol. per lb_.
.050
.050
.050
.044
.044
.044
.048.043
.044
.043
.043
Price, wholesale, gran. (N. Y.)
do
.050
.043
.043
.043
Receipts:
3,991
271
1,406
1,109
2,054
29,115 13, 755
1,654
2,366 22, 737 29, 442 20, 612
From Hawaii and Puerto Rico long tons .
45, 750 37,488 40,129 43,668 35,298 25,983 10, 076
904 12. 976 23,361 47, 461 58, 108
Imports, totalj
do
38,471 35, 273 32,048 37,562 29,711 24,994
241
7,477 20,251 41, 532 52 918
6,155
From Cubat
do
5,911
7,261
2,187
5,571
960
8,066
6,023
4,224
1,362
479
2,857
5,207
From Philippine Islandst
do
6,197
9,030
7,783
8,863
4,921
6,510
7,316
7,176
7,793
9,364
9,385
7,838
Tea, Importsthous. of lb..
«• Revised.
t Revised series; revisions beginning January 1937 appear in table 8, p. 18, of the January 1941 Survey; see also note marked "f" which applies to both production and stocks.
i Monthly figures beginning 1913, corresponding to the monthly averages shown on p. 113 of the 1940 Supplement, are available on request.
lln accordance with new definitions effective November 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 earlier data.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 Survey.




SURVEY OF CURRENT BUSINESS

July 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 Surrey

1941
May

45

1940

May

June

July

August

1941

SepNovem- Decemtember October
ber
ber

January

February

March

20,411

21,227

18, 467

22,027 29,189 37, 224
530, 784 421, 338 277, 998

47,033

April

FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers-.tbous. of dol._
Fish:
Landings, fresh fish, prin. ports.. thous. of lb..
Salmon, canned, shipments
___cases._
Stocks, cold storage, 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
do .TOBACCO
Leaf:
Exports, incl. scrap and stems§ .thous. of lb.
Tm ports, tncl. scrap *vnd stenis§
do
Production (crop estimate) .
mil. of lb_
Stocks, dealers and manufacturers, total, end
of quarter
_ . .
mil. of Ib
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions. .
Large cigars
thousands
Manufactured tobacco and snuff
thous. of lb._
Exports, cigarettes! . ..
thousands.
Prices, wholesale (list price, destination):
Cigarettes, composite price.. dol. per 1,000-.
Cigars, composite price
do
Production, manufactured tobacco:
Total
._
thous. of lb_.
Fine cut chewing
do
Plug
do
Scrap chewing
do Smoking
do
Twist
do

12,268

12,820

15,679

15,953

26,603 35,583
86,061 204,827

41, 435

33, 756

45,473

62, 062

76,479

86, 321

94,006

2,028
2,055
4,856

1,688
1 711
6,985

1,587
1,622
6,950

1,229
1,715
6,464

1,150
1,674
5,940

1,160
1,399
5,701

1,397
1,595
5,503

55, 715 51,461 44,624
375,008 880, 148 794,289

6,971
10, 362
32,616
6,770

17, 858
475, 067

20,965
6,425

23,409

24,111

15, 512
54, 580

24,159

14,360
7,329

7,644
6,239

19,076

95, 631 100,088

86,880

71, 458

1,856
1,775
5,574

1,806
1 617
5,763

1,686
1 513
5 935

1,625
1,636
5,492

6,364
8,421

4,700
8,600
15,533
7,780

22, 709

40,836 36,070 31, 518
817, 370 463,549 728,566

11, 526
6,734

11, 836
5,365

18, 947
7,091
1 1, 376

49, 805 ' 35, 757

1,850
2,545
5,240
6,977
7,804

14,844
6,268

14, 930
4,898

19, 404
7,087

3,031

3,123

3,437

3,568

378
227
2,290
3

358
207
2,431
3

322
202
2,789
4

396
299
2,752
3

19
112

18
106

18
102

19
99

16, 275 17,565
469, 313 435, 029

15, 913 15,840 14,890
460, 523 487,641 475, 725

16,448
583,508

14,347 13,815 16,287
507, 349 349, 780 403, 166

14, 465 15,529
385,349 430, 326

14,030
5,927

15, 854
490, 585

25,202 28, 253 29, 127
584,281 685, 139 685, 513

34,718 28,596 24,758
533, 455 472, 923 597,390

28,958
626, 129

5.760
46. 056

5.760
46.056

5.760
46.056

5.760
46.056

5,760
46. 056

5,760
46. 056

25,704
421
3,942
3,256
17,642
442

22,941
380
3,681
3,196
15,227
456

25, 153
426
3,882
3,636
16,752
457

22,630
355
3,748
3,347
14, 719
461

24, 766
389
4,065
3,385
16,458
468

26, 246
402
4,406
3,745
17, 209
483

29, 232*

29,924
803, 312

5,760
46. 056

5.513
46. 056

5.513
46.056

5. 760
46. 056

5.760
46.056

5.760
46.056

5.760
46.056

26,889
512
4,331
3,539
18,004
503

24,167
367
4,115
3,187
16,082
416

26,887
432
4,521
3,985
17,460
489

25,933
456
4,225
3,807
16, 949
497

26,300
398
4,145
3,525
17, 762
476

31, 133
443
4,195
4,009
21,950
536

27,660 29,333 28,849 28,729
604, 312 406^076 639, 101 285,106

1,847
2 205
4,882

FUELS AND BYPRODUCTS
COAL
Anthracite:
153
159
141
146
167
329
222
282
221
Exports
thous. of longtons..
363
Prices, composite, chestnut:
11.59
11.67
11.66
11.57
11.41
11.48
11.04
Retail
dol per short ton
9.793
9.823
9.826
9.775
9.462
9.636
9.769
9.779
9.333
9.558
9.278
Wholesale
.
do
4,699
4,432
4,977
3,869
4,234
4,056
4,408
3,775
Production. .
.thous. of short tons.. 3,858
3,957
4,367
Stocks, end of month:
939
704
531
1,112
1,279
1,112
1,164
953
137
506
In producers' storage yards
do
In selected retail dealers' yards
37
45
26
33
49
57
51
46
56
40
number of days' supply
Bituminous:
518
488
454
1,488
1,065
1,849
1,091
2,081
1,948
1,806
Exports
thous. of long tons
Industrial consumption, total
thous. of short tons.. 31,585 25, 741 24,988 25, 877 27, 079 26,783 30, 333 30,961 32,637 33,588 31, 161
789
736
817
577
626
432
166
367
442
240
Beehive coke ovens
__
do
850
6,999
6,445
7,061
6,624
6,799
6,928
6,184
6,603
6,703
6,871
6,000
Byproduct coke ovens
..
do
507
370
407
556
578
543
519
534
542
596
513
Cement mills
do
171
139
152
139
139
139
124
123
136
131
134
Coal-gas retorts .-. do
4,737
4,446
4,782
4,582
4,341
4,177
4,812
3,839
4,079
3,696
5,301
Electric power utilities
. _ _ do 8,072
7,666
8,176
7,594
6,391
6,606
7,349
6,534
6,199
6,612
7,756
Railways (class I)
do
975
966
1,043
752
895
870
715
791
837
751
690
Steel and rolling mills
do_...
7,510
9,080
9,770 10, 440 11, 150 10, 340
9,240
7,170
7,080
7,520
7,950
Other industrial
do
Other consumption:
78
80
83
107
105
102
102
112
128
100
Vessels (bunker)
thous. of long tons
298
296
315
286
276
277
281
231
258
243
310
Coal mine fuel
thous. of short tons Prices:
8.87
8.87
8.87
8.84
8.54
8.75
8.36
Retail, composite^
dol. per short ton
Wholesale:
4.393
4.389
4.390
4.277
4.393
4.403
4.264
4.251
4.256
4.265
Mine run, composite
do
4,547
4.615
4.618
4.616
4.619
4.354
4.602
4.314
4.276
4.231
4,618
Prepared sizes, composite
. do
4.230
Production^ .
thous. of short tons . 43, 400 34, 896 32,400 35,890 39,010 38,650 38, 700 40,012 41,400 44,070 41, 695
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons_. 37, 691 39,203 41, 563 45, 438 48, 111 51, 122 51,564 51, 872 50,998 48, 702 48, 518
Industrial total
do
32, 791 32, 403 34, 563 37, 538 39, 611 42, 122 42, 464 42, 922 42,978 42, 102 42, 518
9,887
9,890
8,861
9,712 10,091 10, 184
7,832
5,956
6,506
7,448
4,725
Byproduct coke ovens
.
do
436
408
440
476
515
494
551
578
507
486
483
Cement mills
do
284
258
247
287
285
273
292
291
284
248
163
Coal-gas retorts
do
9,798 10,241 10, 559 11,003 11,337 11,309 11,413 11,336 11, 119 10,944
9,204
Electric power utilities
_. do __
5,921
7,216
6,235
5,679
5,748
5,493
5,693
4,602
4,644
5,240
6,129
Railways (class I)..
do
1,041
827
935
691
690
541
661
660
605
533
737
Steel and rolling mills
. do
14,690 14,490
14,230 13,990 13,260 12, 740
Other industrial _
do
11, 350 10, 780 11, 840 12,900 13, 580
6,000
8,020
6,600
8,950
9,000
9,100
7,900
8,500
7,000
6,800
Retail dealers, total.
__do_.__
4,900
l
'Revised.
December 1 estimate.
{Data for 1938 revised. See p. 45 of the August 1940 Survey.
,
1 Composite price for 37 cities in June, September, and October; 36 cities in November; and 35 cities beginning in December. Data for retail., coal, prices,
and bituminous, are now compiled on a monthly basis for the coal-burning season, September through April.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 survey.




180

97

11.66
9,805
4,595

11.67
' 9, 799
' 3, 198

331

197

23
658

528

34, 041 r 29, 023
148
931
6,404
7,157
489
470
150
'136
4,729 ••4,164
8,600 '7,006
••946
1,024
10, 980
9,730
77
345

'43

8.88

8.86

4. 389
4.615
48, 250

4.398
4.533
' 5, 975

50, 690
45, 590
9,854
562
247
11, 330
8,741
1,276
13, 580
5,100

••35, 971
••31,891
4,970
390
••188
'9,014
'5,658
'721
10, 950
4,080

^both,_ anthracite
,. ,

SURVEY OF CURRENT BUSINESS

46
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941
May

July 1941
1941

1940

May

June

July

DecemOctober NovemAugust September
ber
ber

January

February

March

April

FUELS AND BYPRODUCTS—Continued
COKE
Exports
thous. of long tons
Price, beehive, Connellsville (furnace)
dol. per short ton..
Production:
Beehive
thous. of short tons. .
Byproduct
do Petroleum cnke

Stocks, end of month:
Byproduct plants, total
At furnace plants
At merchant plants
Petroleum coke

5.825
541
4,846

do

-do
-do
do
do

1,405
741
664

52

77

74

90

79

76

62

51

45

36

49

47

4.475

4.475

4.475

4.475

4.475

4.475

4.555

5.000

5.375

5.375

5.375

5.375

'4,256
152

ai2

151
4,375
149

231
4,619
121

278
4,682
123

272
4,627
119

363
4,840
131

394
4,750
88

463
4,890
126

514
4,933
126

496
4,502
103

586
4,999
125

93
4,474
128

'2,061
955
'1,106
681

1,803
877
926
697

1,915
846
1,069
678

2,027
807
1,219
647

2,058
776
1,281
617

2,029
740
1,290
581

1,997
713
1,284
527

1,901
736
1,165
487

1,597
732
865
406

1,391
774
618
375

1,337
845
492
375

1,401
694
706
400

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, 756
4,059
.960
109,337
83

109, 394
3,910
.960
113,418
82

105, 364
4,023
.960
106,904
82

109, 703
4,744
.960
110, 520
82

110,683
3,199
.960
110,647
83

100, 445
3,321
.960
100,791
83

111,059
3,876
.960
112, 817
83

107, 187
4,132
1.010
111, 080
85

78, 359
35, 782
218, 492
45,183
173, 309
2,083

78, 443
35,368
218,998
47,625
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
220,896
44, 774
176, 122
1,856

73,011
35,043
220,645
44, 873
175, 772
1,533

71,798
35,852
221,031
43, 767
177, 264
1,243

70, 474
35,961
219, 905
42,760
177, 145
1,368

69, 833
68, 661
36, 985
37, 451
220,046* 221, 319
42,260
41,649
177, 786 179, 670
1,184
1,162

67, 256
37, 272
221, 120
42,528
178, 592
1,612

950
4,130
3,242
.039

1,023
4,090
2,926
.039

1,237
4,166
3,009
.039

1,507
4,293
2,661
.040

1,427
4,334
2,293
.040

1,677
4,847
2,724
.040

1,461
4,805
2,779
.042

1,837
5,021
2,525
.043

1,844
4,938
2,172
.044

1,586
4,511
2,487
.044

1,678
5,061
2,569
.044

.045

26,548
14,541

25,469
14, 154

25,248
14, 439

26, 451
14,957

25,504
14, 735

27,944
14,381

26, 125
15, 073

27, 925
16,608

27,958
17, 018

25,979
14, 732

27,858
15, 326

27, 310
14, 692

19, 116
23,112

20, 339
26, 412

21,909
30, 134

24,042
33,964

25,015
37, 166

26,539
37,709

24,580
35, 885

23, 656
32,082

22,060
28,034

21,154
28,542

21, 086
23,293

19, 822
24, 449

52,946
1,766

55, 459
2,177

53,865
1,460

55,346
1,686

52,297
1,699

53, 807
1,662

49, 074
1,904

46, 413
1,786

45, 344
1,469

42, 253
1,056

48,606
1,606

55, 105
1,703

.128
.048
.127
52, 183
247
22, 526
24,823
4,587
3,075
2,136

.127
.048
.125
51,325
263
22, 422
24,239
4,401
2,600
2,271

.130
.048
.126
51, 879
279
22, 420
24,496
4,684
2,864
2,168

.128
.046
.123
52, 658
271
22, 120
25,587
4,680
3, 186
2,321

.124
.046
.122
52, 313
263
22,254
25,090
4,706
3,901
2,135

.122
.045
.122
52,907
290
21,602
25,968
5,047
4,269
2,191

.120
.045
.121
50,892
282
21, 053
24, 716
4,841
4,133
2,020

.123
.045
.122
52,508
298
22, 213
25,047
4,950
3,945
1,947

.125
.044
.122
52,542
313
21,353
25,992
4,884
4,016
1,750

.127
.044
.123
48, 374
280
20,112
23,417
4,565
3,510
'1,732

.129
.045
.124
53,409
317
21,995
26, 181
4,916
3, 981
1,916

.135
.049
.131
53, 768
277
22, 131
26,380
4,980
3,688

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, 162
6,569

73,429
46, 695
6,102

77,943
50,807
5,704

83,310
55,562
5,490

88,697
61, 756
5,311

91, 717
64,468
5,331

88, 576
61, 186
5,504

5,297
377

3,952
299

4,257
213

4,114
196

5,173
173

5,608
120

6,768
175

7,808
113

7,769
57

6,484
54

'6, 778
124

5,549
158

.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

.049
6,496
11,000

.050
6,431
10,473

.052
6,894
9,512

.053
6,661
8,312

.054
5,888
7,634

.054
6,033
6,724

.054
6,068
7,063

2,063

2,146

1,871

2,024

2,150

2,443

2,449

1,875

2,367

1,798

2,263

2,712

.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

.090
2,954
8,464

.090
3,021
8,365

.090
2,865
8,767

.090
2,943
8,809

.094
2,522
8,790

.099
2,813
8, 637

.100
3,213
8, 363

230
487,600
759, 000

260
527,300
681,000

9,761
606,600
623,000

21,028
638,000
588, 000

1,447
604,700
490,000

39,993
608,400
469,000

377
396,900
526,000

18,504
326,200
614,000

600
303, 100
689,000

9,838
306,400
760,000

9,579
373, 300
831,000

579
488,900
933, 000

44,240
103, 289

39, 760
110, 346

37, 520
113, 978

33, 320
112, 359

39, 760
110, 028

43, 120
113, 827

43, 960
120, 212

43,680
125,272

45,080
120,027

38,920
119, 150

51, 240
121, 887

56,280
116, 096

PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills) thous of bbl
Imports§
do
Price (Kansas-Okla.) at wells
dol. per bbl__
Productiont
--thous. of bbl..
Reflnery operations
pet of capacity
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl_.
Light crude
do
East of California, totalj
_ do
Refineries t
do
Tank farms and pipe lines J
do
Wplls cnmplfltfidj

1.035

jii}Tnh@r

Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbl
Railways (class I) _. .
_ do
Vessels (bunker)
do
Price, fuel oil (Pennsylvania)*. dol. per gal..
Production:
Residual fuel oilj
-thous. of bbl_.
Gas oil and distillate fuels, total_...do._..
Stocks, end of month:
Residual fuel oil, east of California
thous of bbl
Gas oil and distillate fuels, total
do
Motor fuel:
Demand, domestic!
thous. of bbl
Exportst
. . .
.
. _ do. ..
Prices, gasoline:
Wholesale, tank wagon (N. Y.)f
dol. per gal_.
Wholesale, refining (Okla.)
do
Retail, service stations, 50 cities* do .
Production, total J
thous. of bbl
Benzol t
. . .
do
Straight run gasolinet
do
Cracked gasolinei do
Natural gasolinet
do
Natural gasoline blended*
do
Retail distribution.
mil. of gal.
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbl
At refineries .
. _ do
Natural gasoline
do
Kerosene:
Consumption, domestic
^°
Exports§._
__
. . do.
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gal..
Production . .
thous. of bbl._
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic^. _ _ do. ..
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per 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. of lb._
Stocks, refinery, end of month
do

.048

.143
.053
.137

.054

.103

LEATHER AND PRODUCTS
HIDES AND SKINS
28,521
28,863
Imports, total hides and skins § thous. of Ib
23,716
33, 123
28,111
29, 627
38, 459
42, 542
41,284
35,411
39, 540
50,665
Calf and kip skins§
.".".
_do._._
1,118
2,108
1,152
1,253
1,085
1,999
3,365
1,489
2,828
1,859
1,795
2,316
Cattle hides
_
-_do.__.
7,756
14, 305
16, 401
20, 685
16, 170
18, 922
22,004
26,925
24,638
16,544
24, 182
28,548
Goatskins§.
. do
5,576
5,295
6,065
3,661
5,729
4,379
5,368
4,990
4,792
6,446
5,895
5,403
Sheen and la'mb skinsS.
do
7.293
5.199
3.919
3.786
5.458
2.904
5.882
5.357
6.249
8. 550
5 254
in OS1
' Revised.
*New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p. 14 of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p. 16 of the March 1941 Survey.
fExports of motor fuel revised; for data beginning January 1913, see table 54, p. 16 of the December 1940 Survey. Data beginning January 1941 include mineral spirits.
The comparability of the series is affected to a negligible extent by the inclusion of this item. For revised series on wholesale tank wagon (N. Y.), price of gasoline, see
table 6, p. 18 of the January 1941 Survey.
IRevised data for 1939 appear in table 1, p. 17 of the January 1941 Survey.
IData revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 Survey.




SURVEY OF CURRENT BUSINESS

July 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

1941

47
1941

1940
May

May

June

July

August

Novem- DecemSeptember October
ber
ber

January

Febru- March
ary

April

LEATHER AND PRODUCTS—Continued
HIDES AND SKINS— Continued
Livestock (federally inspected slaughter):
Calves
thous. of animals
Cattle
do
Hogs ._
. . .... do
Shffip and Iftmjis

<]n

Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb..
Calfskins, packers', 8 to 15 Ib
do
LEATHER
Exports:
Sole leather}
thous. of lb._
Upper leather§
.
thous. of sq. ft
Production:
Calf and kip ...
thous. of skins
Cattle hides
thous. of hides
Qoat and kid
thous. of skins..
Sheep and lamb J
. do
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_.
Chrome, calf, B grade, black, composite
dol. per sq. ftStocks of cattle hides and leather, end of mo.:
Total
_
thous. of equiv. hides
In process and
finished
. do
Raw
...
do
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total ..
dozen pairs
Dress and semidress
do
Work
_
do
Boots, shoes, and slippers:
Exports}
thous. of pairs
Prices, wholesale, factory:
Men's black calf blucher . dol. per pair
Men's black calf oxford, corded tip... do
Women's colored, elk blucher
do
Production, boots, shoes, and slippers:
Total
thous. of pairs
Athletic
do
All fabric' (satin, canvas, etc.)
do...
Part fabric and part leather
do
High and low cut, leather, total. . do .
Boys' and youths* . .
do
Infants'
do
Misses' and children's
do
Men's
.. do
Women's
. .
do
Slippers and moccasins for housewear
thous. of pairs
All other footwear
do

501
908
4,023
1 551

501
796
3,890
1,420

437
738
3,886
1,378

457
822
3,219
1,448

432
842
3,045
1,489

412
812
3,168
1,473

507
968
4,483
1,734

462
884
5,419
1,462

437
858
6,063
1,416

411
891
4,517
1,625

384
717
3,725
1 391

444
766
3,904
1 408

507
792
3 807
1 436

.147
.245

.123
.214

.105
.187

.114
.188

.102
.153

.123
.166

.140
.203

.146
.218

.133
.213

.133
.216

.124
.216

.129
.225

.137
.240

456
2,902

92
2,701

37
2,031

33
2,256

18
1,971

,15
2,752

4,000
2,626

2,209
2,776

435
2,679

1,278
3,416

2,799
3,781

14
3 871

993
1,590
3,259
3,357

936
1,452
3,087
2,880

953
1,534
3,077
2,873

996
1,739
3,030
3,261

844
1,597
2,830
3,050

980
1,977
3,098
3,643

912
1,941
2,672
3,411

964
2,054
3,098
3,320

994
2,182
2,953
3,494

1,014
«• 2, 120
3,064
3,797

f 1,151
* 2, 155
3,417
3,724

1, 142
2,192
3,674
4,062

.367

.376

.344

.340

.325

.305

.300

.312

.343

.345

.355

.355

.355

.503

.469

.455

.453

.442

.440

.453

.466

.478

.481

.480

.486

.495

12, 406
8,735
3,671

12, 721
8,905
3,816

12, 718
8,875
3,843

12, 779
8,879
3,900

12, 940
8,945
3,995

13,377
9,174
4,203

13, 764
9,400
4,364

13, 998 ' 14, 063 ' 13, 656 «• 13, 230
9,544 ••9,588
' 9, 370 »• 8, 967
4,454 «• 4, 475
' 4, 286 T 4, 263

13, 016
8,618
4,398

169, 671
100,717
68,954

179,972
108,674
71,298

0)

C1)
0)
(')

0)
C1)
0)

6.15
4.35
3.30

m

0)
0)

0)
0)
0)

0)
0)
0)

196, 519
118, 020
78, 499

204, 313 ' 235,700 243, 889
127, 698 *• 146,597 149, 529
89, 103
94, 360
76, 615

142

129

105

202

206

168

170

108

101

219

241

237

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

6.00
4.25
3.30

6.00
4.25
3.30

6.00
4.25
3.30

6.00
4.27
3.30

30, 138
344
1,037
450
24, 198
1,163
1,599
2,711
7, 416
11,310

28,121
370
693
317
22, 808
1,227
1,602
3,007
6,908
10,065

34, 012
320
308
380
28,478
1,391
1,710
3,437
8,018
13, 922

39, 603
349
318
522
33, 109
1,624
1,814
3,741
9,632
16,299

35,092
380
316
479
28,310
1,366
1,808
3,399
8,687
13, 051

37, 027
497
324
815
28,805
1,533
2,132
3,511
10, 265
11, 365

30, 533
508
305
833
22, 541
1,281
1,823
2,941
8,678
7,819

3,219
890

3,214
718

4,047
479

4,950
355

5,419
189

6,341
244

6,143
203

4,120
243

1,713
496

2,343
615

2,993
990

3,722
1, 015

36,803
31, 624
469
380
414
349
1,013
1,586
32, 215
25, 430
1,312
1,359
1,891
2,148
3,287
3,909
8,788 2 10, 254
14, 544
10, 151

42, 663
42, 772
38,288
324
401
416
582
453
493
1,400
1,153
1,645
35, 884
32 868
36, 427
1, 555
1,461
1,266
2, 256
2,166
1,947
3,969
4,217
3,954
* 9,999 2 10, 666 2 11, 198
17, 726
16, 996
15, 704

LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports, total sawmill products}
M bd. ft..
Sawed timber§
do
Boards, planks, scantlings, etc.J
do
Imports, total sawmill products
. , do
National Lumber Mfrs. Assn.it
Production, total
mil. bd. ft..
Hardwoods
do
Softwoods ..
.
do
Shipments, total
do
Hardwoods
.
do
Softwoods
do
Stocks, gross, end of month, total
do
Hardwoods
do .
Softwoods
....
do
FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft..
Orders, unfilled, end of month
do
Production
do
Shipments
.
. .
do
Stocks, end of month
do
Oak:
Orders, new
_. .. . do
Orders, unfilled, end of month
do
Production
. do
Shipments - .
do
Stocks, end of month
_
do

99,098
26,859
65, 731
71,006

91,180
14,892
62,509
60,725

108,059
14,880
81,099
65,714

98,296
11, 155
68,262
64,704

89,940
12,271
69,356
71,374

72,862
10,342
56,499
74,975

73,911
10,085
53,023
71,548

61,960
6,443
36, 434
71,202

79, 865
14,907
46,449
62,349

60,921
7,755
42,140
67, 504

50,968
2,541
35, 284
83, 861

65, 828
7,916
39, 838
79, 734

2,343
328
2,016
2,398
335
2. 063
7,520
1,820
5,700

2.257
284
1,973
2,219
328
1.891
7,586
1,776
5,810

2,227
259
1.968
2, 3f.fi
339
2,017
7,482
1,699
5,783

2,541
300
2,241
2,665
379
2,286
7,363
1,620
5,743

2,484
353
2,131
2,751
399
2,352
7,146
1, 573
5,573

2,671
427
2,245
2,947
453
2,495
6,904
1,548
5,356

2,342
388
1,954
2, 569
422
2,147
6,685
1,514
5,171

2,227
3fi7
1,870
2,405
383
2,0?2
6,5*2
1,487
5.065

2,298
'360
' 1, 938
' 2, 480
393
' 2, 087
6,384
' 1, 455
' 4, 929

' 2, 177
••325
1,853
' 2, 232
'359
' 1, 873
"6,329
' 1, 421
' 4, 908

r 2, 395
••327
«• 2, 068
2,391
369
r 2, 023
6,333
' 1, 380
' 4, 953

2,568
381
2,187
2,512
387
2,125
6,406
1,374
5,031

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
8,400
16,000

9,900
11,600
9,200
9,600
15,850

6,450
11,150
7,100
7,000
16,200

5,750
10,100
7,600
6,000
17,500

8,075
10, 950
8,550
7,275
19, 300

8,225
11,600
6,650
7,650
18, 350

7,900
11, 350
7,800
8,300
18, 350

8,075
11,175
8,275
8,325
18, 200

45,935
61, 461
43,865
45, 716
75, 139

33, 357
52, 512
38, 015
43,127
70, 027

49,587
59,380
41,658
44, 412
65, 317

65,836
72, 557
46, 148
52,655
57,879

51,344
73, 818
46, 916
50,083
52, 712

47,571
68, 765
51,938
52,624
51,426

31,588
55, 519
48,413
44,642
55.197

25,942
46,695
44, 254
36,664
62, 788

35,903
44,681
46, 656
37, 941
71, 503

45,981
54, 985
38,409
35, 677
74, 235

45, 931
62, 250
40, 369
40, 666
73,938

58, 267
74, 089
43, 227
46, 428
70, 737

SOFTWOODS
Douglas fir:
14,285
12, 651
17, 517
27, 896
24, 347
32, 170
30, 752
37, 625
26,888
38,014
45,288
29,078
Exports, total sawmill produots§...M bd. ft..
4,893
4,157
1,365
12, 620
6,555
9,130
8,390
9,595
9,385
10, 771
21, 375
10, 180
Sawed timber §
do
12, 624
10,128
11, 286
15,276
23,040
22, 362
28,030
17, 792
17,503
27,243
23,913
18,898
Boards, planks, scantlings, etc. 5do
Prices, wholesale:
Dimension, No. 1, common*
dol. per M bd. ft.. 24. 010 21.928 21.560 21.658 22.908 24.500 24.500 24.990 25.970 25. 970 24.990 24. 990 24. 010
Flooring, "B" and better, F. G., 1 x 4, R. L.*
35. 280
35. 280
36.260
36.260
35.280
dol. per M bd. ft.. 35. 280 27.195 26.460 26.656 29.645 33.320 33.320 34.300
' Revised.
» Data not available.
JData beginning January 1940 includefleshersand exclude skivers.
*New series. These prices replace series shown in the Survey through the February 1941 issue; data beginning 1922 appear in table 16, p. 17 of the May 1941 Survey.
§Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey.
fRevised
data for 1939 and January and February 1940 appear in table 17, p. 17 of the May 1941 Survey.
J
Includes a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract.




48

July 1941

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

May

1941

194O

1941

May

June

July

August

SepNovem- Decemtember October
ber
ber

January

Febru- March
ary

April

LUMBER AND MANUFACTURES—Continued
SOFTWOODS— Continued
Southern Pine:
Exports, total sawmill products M bd. ft .
Sawed timber
do
Boards, planks, scantlings, etc
..do
Orders, newt
mil. bd. ft..
Orders, unfilled, end of month
do
Price, wholesale,flooring..dol. per M. bd. ft.. 48. 213
Productionf
mil. bd. ft._
Shipmentst
do
Stocks, end of month . _
do
Western Pine:
Orders, newt
do
Orders, unfilled, end of month t
...do
Price, wholesale, Ponderosa pine, 1x8, No. 2,
common (f. o. b. mills).. dol. per M. bd. ft,. 33.22
Productionf.
mil. bd. ft
Shipment^
do
Stocks, end of month .
.
do ..
West Coast Woods:
Orders, newt . _
.
do
Orders, unfilled, end of month
do
Productiont
do ..
Shipments!
do
Stocks, end of month
_..
_ do - .
Redwood, California:
Orders, new ..
M bd. ft
Ordftrg, uTvfiHod, pnd of rx>onth ,

Production
Shipments
Stocks, end of month

.
_

rlo

_ do _
do
do

FURNITURE
All districts:
Plant operations
_. percent of normal
Grand Rapids district:
Orders:
Canceled
percent of new orders
New .
no. of days' production
Unfilled, end of month _
do
Plant operations
percent of normal
Shipments . . . no. of days' production
Prices, wholesale:
Beds, wooden
1926=100.
Dming-room chairs, set of 6
...do
Kitchen cabinets
do .
Living-room davenports
do ._.
Steel furniture (see Iron and Steel Section).

87.2
103.9
93.3
87.2

25,928
4,866
21,062
688
324
41. 783
675
712
1,991

28,209
4,341
23,868
623
350
40.865
602
597
1,996

27,689
3,597
24,092
799
440
41.536
625
709
1,912

15, 990
948
15,042
948
570
43.045
720
818
1,814

22,224
2,368
19,856
905
603
46.010
739
872
1,681

10, 964
989
9,975
949
600
48. 676
827
952
1,556

11, 581
1,215
10,366
763
550
50.585
734
813
1,477

11, 293
1,868
9,425
640
498
50.868
718
692
1,503

11, 691
1,747
9,944
773

8,991

7,761

8,241
674

7,015
642

15, 911
2,612
13,299
685

50.750
763
760
1,506

49.943
676
643
1,539

48.788
734
631
1,642

48. 570
753
658
1,737

457
304

421
300

495
326

653
442

629
532

546
486

441
433

397
380

394

425

380
400

466

490

29.02
522
441
1,745

28.49
541
425
1,861

28.01
570
469
1,962

28.17
618
537
2,043

29.71
549
539
2,051

31.73
544
592
1,997

33.04
414
494
1,917

33.58
344
446
1,812

33.99
262

33.47
265

33.37
343

33.68
468

1,663

1,551

1,479

1,469

609
425
628
700
926

605
383
614
675
920

742
510
579
627
900

829
623
690
702
892

741
647
641
710
865

720
681
659
690
860

656
726
614
606
867

642
693
61<*
677
851

666
676
675
681
855

660
781
669
634
889

799
746
752
756
885

749
735
743
759
888

29,263
26, 555
31, 310
33, 391
294,231

511

411

750

542

374

746

553

480

414

580

502

478

29,500 27,586 35,963 32,836 47, 674 36,581 40,469 33, 131 29,343 38,756 38,959
27,468 25,901 32, 173 35,545 42,855 42, 849 51, 877 52, 859 48, 415 50 930 52, 724
29,293 28,477 30,156 31,533 36,059 31,468 29,761 35,279 33,700 31,622 34, 058
28, 016 29,365 31,290 29,024 38,245 36, 318 31, 476 31,455 32, 738 33 233 37, 105
292,640 289,079 283,907 286, 622 282, 098 275, 402 270, 158 269, 424 267, 276 262 805 255, 390

62.0

63.0

60.0

65.0

71.0

76.0

77.0

74.0

70.0

73.0

75 0

76.0

7.0
14
22
62.0
14

4.0
14
25
62.0
12

3.0
23
32
57.0
15

3.0
24
38
64.0
18

4.0
28
43
69.0
21

3.0
29
46
75.0
25

5.0
21
40
74.0
23

8.0
17
33

3.0
28
42

6.0
22
42

5.0
22
42

6.0
20
40

75.0

72.0

73 0

74 0

74.0

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

83.5
100.9
89.4
87.2

83.5
100.9
89.4
87.2

83.5
100.9
89.4
87.2

85.1
102.5
90.7
87.2

20

20

21

21

19

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
_ __long tons_.
Scrap
do
Imports, total
. do
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton. -

783,964 936, 047 1,034,938 1,402,075 1,221,052 1,105,510 788, 176 805,158 698, 853 600,240 567, 227 635, 809
312, 483 318, 369 327,129 355, 991 255, 608 258, 926 74, 349 69,980 45, 055 74, 378 54 383 120 152
2,508
3,966
980
3,542
2,105
7,759
5,505
4,064
796
2,620
6,273
423
1
242
252
152
56
48
16
33
1 094
150
5,401
17
37.92
37.63
37.69
38.07
38.08
38.22
37.70
38.15
37.33
3S.30
38.38
38. 15
38. 27

Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons.. 6,232
11,007
Shipments from upper lake ports
do
21, 817
Stocks, end of month, total
do
19, 551
At furnaces
do
2,266
On Lake Erie docks
do
Imports, total
do
Manganese ore, imports (manganese con tent) §
thous. of long tons

4,566
7,245
19, 603
16, 717
2,886
175

5,213
9,487
23,516
20, 428
3,088
162

5,524
10,383
28,244
24,608
3,636
249

5,701
10,480
32,935
28,708
4,227
194

5,672
9,935
37, 090
32, 432
4,658
164

6,051
10,009
41, 125
36,280
4,846
265

5,973
5,341
41, 712
36, 925
4,787
229

6,173
9
36,073
31, 792
4,281
174
59

6,331
0
29,794
26, 167
3,627
155

5,673
0
24,195
21,100
3,096
178

6,412
0
17, 761
15, 407
2,353
182

5,802
6,919
16, 937
15 002
1,935
185

49
39
98
63
51
40
61
31
15
45
49
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short tons _
35,563 36, 503 45, 025 52, 994 53,079 71,129 64, 612 66, 665 81, 089 76, 055 86 293 '84 751
Production
do
37, 511 34, 700 38, 872 48, 926 49,804 62,293 57, 717 60,155 68 742 63 331 66 208 r 76 170
(i)
(i)
61.4
58.8
71.2
45.2
42.7
78.5
Percent of capacity. . . . ._
46.7
74.2
75.0
83 6
81 8
Shipments
short tons
40 919 33,323 34, 226 43, 216 45, 943 61, 161 56,321 60 127 65 884 62 066 67 415 r 73 066
Pig iron:
Furnaces in blast, end of month:
Capacityf short tons per day 151, 000 119, 905 131, 360 131, 760 137,500 140, 620 144, 290 148, 000 146, 770 152 040 148, 555 152 750 140 310
Number
__
172
182
206
187
190
193
196
202
202
201
195
205
205
Prices, wholesale:
Basic (valley furnace)
dol. per long ton.. 23.50
22.50
22.50
22.50
22.50
22.50
22.90
22.50
23.50
22.50
23.50
23.50
23.50
24 15
23.15
23.15
Composite
do
24.15
24 00
23.15
23.15
23. 15
23.15
23.15
23 15
23 95
23 95
25.89
Foundry, No. 2, northern (Pitts)
do
24.89
24.89
24.89
24.89
24.89
24.89
25.89
24.89
25.29
25.89
25.89
25.89
4 334
4,238
3,819
4 600
3 514
4,054
4,177
4,446
4 198
4 548
Productionf
thous. of short tons
4 403
4 664
4 704
Boilers and radiators, cast-iron:
Boilers, round:
2,754
1,848
Production
thous. of Ib .
2,371
3,598
1,697
1,449
2 214
2,416
1,920
1,934
2 252
2,071
1,334
2,732
5 145
Shipments
do
3,851
2 451
1 222
1,613
1,698
1 884
1 608
1 092
1 358
Stocks, end of month
.
do
14, 923 15,009 13, 477 13, 873 12, 513 10.750 10, 622 11, 021 11 687 12, 391 13 256 14 107
Boilers, square:
20,922 18, 698 17, 352 26, 185 26,340 32, 701 23,788 18, 964 23,443 22, 579 22 647 23 525
Production
_ . . do
12,024 14, 776 22, 916 31, 100 40, 342 43, 767 26, 059 18, 547 14, 437 13, 086 13 489 13,360
Shipments
do
114. 032 117.975 112. 369 107. 267 93.029 82.205 80.064 80. 564 89.300 99. 040 106. 958 117. 058
Stocks, end of month
do
1
Discontinued by the reporting source.
t Revised series. Data on pig iron converted from a long to a short tonnage basis; data for production beginning 1913 are shown in table 38, 14 of the October 1940 issue,
Revisions for 1939 and January and February 1940 for southern pine, western pine, and west coast woods, and also revisions for 1938 for tl
group, appear in table 17,
p. 17 of the May 1941 issue.
SData for 1939 revised; see table 15, p. 18 of the April 1941 issue.




July 1941

49

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941
May

1941

1940
May

June

July

August

Novem- DecemSep*
tember October
ber
ber

January

February

March

April

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Pig Iron and Iron Manufactures— Con.
Boilers and radiators, cast-iron— Continued
Radiators, ordinary type:
Production thous. of sq . ft . heating surface
Shipments
do
Stocks, end of month
do
Boilers, range, galvanized:
Orders, new, net
number of boilers
Orders, unfilled, end of month
do
Production
do
Shipments
_.
do ..
Stocks, end of month
do

89, 159
52, 966
81, 495
82, 641
37, 295

6,579
4,539
30, 971

5,697
4,670
31, 913

4,817
6,486
30, 108

7,147
8 193
29,168

6,415
9 436
26, 087

8,454
11 769
22, 805

8,042
8,952
22, 103

6,245
6 537
21, 831

7,244
5,839
23, 461

6 744
4 891
25 393

6 871
4 371
27 890

72, 725
23, 048
68,816
68, 184
34, 790

75, 427
31, 158
70, 452
67, 317
37, 925

85, 139
38,194
77, 879
78, 103
37, 701

64,831
27,315
76, 467
75, 710
38, 458

73, 821
32, 119
68, 522
69, 017
37, 963

106, 716
42, 094
97, 266
96, 741
38, 488

75, 369
35, 220
80, 371
82,243
36, 616

70, 989
38, 795
72, 245
67, 414
41, 447

89, 748
45, 615
80,705
82,928
39, 224

80 583
50, 777
74 113
75, 421
37 916

94 992
60, 419
82 820
85 350
35 386

6,967
4 495
30, 375
^ f C
69 433
46, 448
86 459
83 404
38 441

50, 346
43.0
12, 967
50, 034
42.8
15, 137

59, 661
51.0
20, 764
50, 651
42.5
14, 483

67, 035
57.3
20, 770
57, 763
49.4
17, 993

71, 734
61.3
26 873
66, 355
56.7
21,292

83, 545
71.4
28, 018
64,122
54.8
21, 152

112, 327
96.0
49, 349
83, 938
71.7
31, 811

94,929
81.1
27, 718
81, 192
69.4
32, 066

115, 343
98.6
45 154
85, 810
73.3
33,932

110,579
94.5
34, 887
94, 409
80.7
35, 397

105 125
89 8
29 103
85 492
73.0
28,692

126 140
107 8
47 408
95* 185
81.3
30 733

152 007
$ 129. 9
59 551
101 977
87.1
34 204

4,968

5,657

5,725

6,186

6.056

6,645

6,469

6,495

6,929

6,238

7 132

6 758

43,654

44, 474

52, 999

57, 791

Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons
Percent of capacity
. . .
Railway specialties
short tons
Production, total _
_ do
Percent of capacity
Railway specialties
short tons
Steel ingots and steel for castings: t
Production.
thous. of short tons _
Percent of capacity
Bars, steel, cold-finished, carbon, shipments
short tons
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol, per long ton. .
Structural steel (Pittsburgh)
dol. per lb_.
Steel scrap (Chicago)
dol. per long ton
U. 8. Steel Corp., shipments of rolled and.
finished steel products J.. thous. of short tons..

7,102
99

72

84

83

89

91

96

97

94

97

97

100

98

.0265

.0265

.0265

.0265

.0265

.0265

.0265

.0265

.0265

.0265

.0265

.0265

.0265

34.00
.0210
18.75

34.00
.0210
16.88

34.00
.0210
18.19

34.00
.0210
17.35

34.00
.0210
18.03

34.00
.0210
19.22

34.00
.0210
19.75

34.00
.0210
20.06

34.00
.0210
20.60

34.00
.0210
20.00

34.00
.0210
19.25

34.00
.0210
19 88

34.00
.0210
18 95

1,745

1,084

1,210

1,297

1,456

1,393

1,572

1,425

1,545

1,682

1,548

1,720

1,688

292
930
53.5

377
1,098
63.1
1,102

350
1,081
62.2
1,075

436
958
55.1

53

964
47

700
1,305
75.1
1,298

431
1,520
87.4
1,534

402
1,457
78.9
1,455

486
1,452
77.8
1,442

370
1,454
76.7
1,444

276
1,035
54.6
1,046

315
1 072
56 6
1 077

428
1 463
77.2
1 474

1,066

809

1,761
1,007

1,680
1,214

1,275
1,098

3,726
1,557

1,708
1,221

1,722
1,026

1,563

2,210

1,544

850

3 522
1 297

2,339
1 336

2,119
1,186
2,102

2,236
1,262
2,160

2,373
1,385
2,249

2,240
1,286
2,339

2,601
1,495
2,392

3,323
1,728
3,090

3,336
2,181
2,884

4,357
2,983
3,583

3,787
3,618
3,152

3,852
4,102
3,368

5 050
5,330
3 821

3,889
5,210
4 010

718

844

924

658
790

779
804

940

1,204
1,103
929

1,346
1,383
1 066

Steel, Manufactured Products
Barrels and drams, steel, heavy types:
890
Orders, unfilled, end of month
thousands. _
1,584
Production
do
83.6
Percent of capacity
1,582
Shipments
thousands
39
Stocks, end of month
.
.do
Boilers, steel, new orders:
2,560
Area
.
. thous. of sq. ft
1,372
Quantity
number
Furniture, steel:
Ofiice furniture:
4,667
Orders, new
....
thous. of dol
5,579
Orders, unfilled, end of month
do
4,298
Shipments
,
<1o
Shelving:
1,278
Orders, new
__ .
do
1,454
Orders, unfilled, end of month
do
1,207
Shipments ._ __ .
- do
Plumbing and heating equipment (8 items),
wholesale price
dollars. . (')
Porcelain enameled products, shipments!
5,480
thous. of dol. _
355
Spring washers, shipments •
do
Steel products, production for sale:f
Total
-. ...
thous. of short tons
Merchant bars
do
Pipe a n d tube
. d o
Plates
do
Rails
.
.do
Sheets, total
do
Percent of capacity . .
Strip:
Cold rolled .
thous. of short tons
Hot rolled
do
Structural shapes, heavy ..
.do
Tin plate
.
do
Wire and wire products
_do ..
Track work, shipments
. . short tons
11, 012

916
51

47

54

40

42

52

835

63

994

52

47

37

472
522

497
577

493
545

639

797

447
510

498
634

599
696

652
665

236.78

236.75

236.75

237.28

237.14

237.27

237.31

237.31

237.27

0)

0)

0)

3,594
173

3,159
158

3,413
174

3,925
195

4,050
196

4,895
229

4,030
233

4,256
248

4,496
281

4,393
303

5,310
320

5,456
331

3,287

3,550

3,964

4,415

4,213

4,670

4,480

4,619

4,863

4,587

5,046

65.9

71.2

73.9

82.3

86.3

1,069
96.8

1,047
97.4

1,050
95.1

1.122
101.0

1,074
107.3

463
436
454
177

1,177
107.3

4,942
470
453
445
194
1,148
107.8

45
99
210
248
274

56
104
234
244
300

60
104
286
239
328

72
110
331
244
353

70
121
311
193
339

86
147
362
189
382

83
138
374
200
350

89
139
331
203
374

95
153
363
209
409

91
139
322
205
379

102
155
374
252
431

104
144
383
265
412
11, 751

594

266
295
281
146
716

7,276

547

326
325
317
131
749

6,075

602

367
357
359
128
812

6,063

541

455
347
385
130
915

6,480

423
371
368
93
919

5,496

475
401
430
79

5,505

444
377
430
114

5,733

437
384
443
131

7,151

519
409
431
156

6,835

829
890

455
384
416
154

7,973

10, 225

NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
86,978
53,357
62,051
50,158
97,668
44,923
56, 789
Imports, bauxite
\
long tOPS
45, 117
46,850
72, 403
43,110
83,400
Price, wholesale, scrap, castings (N. Y.)
.0904
.0838
.0894
.0970 «.1039
.1397
.0865
.0860
.0902
.0855
.1100
dol. per lb_. .1100
(3)
Bearing metal (white-base antifriction), con2,296
2,560
2,691
2,667
1,966
2,373
1,923
2,348
3,257
2,238
2,118
4,430
sumption and shipments, total. -thous. of Ib
622
614
507
529
643
505
876
363
999
625
560
620
("JoTisunied in own plants
do
1,682
2, 053
2,138
1,472
1,751
3,431
1,561
1,460
1,558
2,048
2,632
1,619
Shipments ... * . .
.. do .
Copper:
Exports, refined and manufactures§
22,382
13, 395
18,095
38,829
17,903
62, 393
7,046
35,422
36, 236
38, 512
15,658
8,907
short tons
25,945
23,684
43,044
27,357
23,041
32,790
70,409
49, 188
28,532
35, 159
40,710
22,635
Imports, total§ ._ _ _. _.
. _do _
12,648
19, 120
6,693
14,335
26,446
20, 507
17,969
27,498
24,610
18, 086
11,359
For smelting, refining and export. §... do....
27,953
Product of Cuba and Philippine Islands §
2,014
203
1,842
214
1,415
799
1,197
25
183
1,085
10
481
short tons..
11,283
8,034
17,019
11,484
15, 149
7,509
8,499
13,187
52, 141
36, 743
569
4,185
All other?
do....
r Revised.
»Data are for 7 manufacturers beginning January 1940.
i Discontinued.
' Average for 14 days; not quoted part of month.
» Average impossible due to lack of offerings part of month.
JMonthly data beginning 1929, corresponding to the nunthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
tRevised series. Steel products, production for sale, have been converted to a short tonnage basis; see table 45, p. 14 of the November 1940 issue. Steel production and
percent of capacity revised completely; for revision through 1939 see table 9, p. 16 of the March 1941 issue; for revisions in 1940 data see p. 49 of the June 1941 issue. Porcelainenameled products revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p. 49 of the March 1941 issue.
fData for 1939 revised; for exports, see table 14 ,p. 17, and for imports, table 15, p. 18, of the April 1941 issue.




50

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

1941
May

July 1941

May

June

July

August

1941

Sep-

Novem- Decemtember October
ber
ber

Janu-

Febru-

ary

March

ary

April

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Metals— Continued
Copper— Continued.
Price, wholesale, electrolytic (N. Y.)
dol. perlb..
Production:
Mine or smelter (including custom intake)
short tons..
Refin6ry
do
Deliveries, refined, total
do
Domestic
. do
Export
do
Stocks, refined, end of month
.. ..do ..
Lead:
Imports, total, except manufactures (lead
content)
short tons
Ore:
Receipts, lead content of domestic ore-do —
Shipments, Joplin district^
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb._
Production from domestic ore. .short tons..
Shipments (reported) .
do
Stocks, end of month
_
_.do
Tin:
Consumption of primary tin in manufactures
long tons
Deliveries (includes reexports)
..do
Imports bars blocks, etc §
do
Price, wholesale, Straits (N. Y.)..dol. per lb_.
Visible supply, world, end of mo.. long tons..
United States (excluding afloat)
do
Zinc:
Ore, Joplin district: 1
Shipments .
_ . .short tons
Stocks, find nf month
dn
Price, wholesale, prime, western (St. Louis)
dol. perlb- .
Production, slab, at primary smelters:
short tons..
Retorts in operation, end of mo
number..
Shipments, total
.. short tons..
Stocks, refinery, end of month
do

0. 1182

0. 1108

0. 1113

0. 1056

0. 1071

0. 1130

0.1183

0. 1180

0. 1180

0. 1182

0. 1179

0. 1181

0. 1182

90, 292
89, 390
141, 801
141,801
0
95,568

82, 682
86,029
76, 485
69, 467
7,018
178, 664

79,845
86,077
65, 155
61, 716
3,439
199, 586

79,327
90,995
74, 758
71, 226
3,532
215,823

79, 967
80, 851
97, 719
96, 383
1,336
198, 955

78, 238
82, 843
96, 485
96, 485

86, 911
83, 076
103, 771
103, 771

84,283
96,283
102, 483
102, 483

185, 313

164, 618

158,418

85, 135
97, 035
112, 681
112, 671
10
142, 772

83,280
93, 840
119, 758
119, 736
22
116, 854

79,240
93, 654
112, 819
112, 808
11
97, 689

85, 701
95, 322
134, 339
134, 333
6
89, 873

'88,042
' 89, 687
123, 629
123, 580
49
' 98, 789

7,404

4,723

16, 581

10,230

10,739

27, 739

19,084

19, 205

19, 707

14, 321

27,991

39, 764

38, 779
3,653

40, 196
4,474

36,957
3,588

36,988
4,393

37,759
2,878

35,916
3,688

38,641
4,485

36, 400
3,446

38,847
4,079

38,433
4,652

34, 705
3,915

38,282
3,778

38, 665
5,126

.0585
46,104
69, 382
34,018

.0502
37, 918
46,919
62,955

.0500
34,041
49,904
55,343

.0500
35,343
52, 560
47,360

.0485
36,851
51,643
43,321

.0493
41, 528
53,456
41, 292

.0531
39, 228
62, 496
35,386

.0573
45,089
57, 510
35, 791

.0550
47,208
56, 755
40, 926

.0550
54, 658
55,711
47, 248

.0560
47,764
54,859
46,604

. 0577
46, 748
62,090
45,996

.0585
43,423
59, 169
42,899

.5216
40, 777
7,205

6,360
7,905
7,982
.5148
30,562
3,677

6,420
9,225
11, 611
.5454
31, 869
5,300

6,370
7,325
9,185
.5159
38, 736
6,567

6,650
12,470
12, 926
.5118
38,040
6,583

5,800
11,410
14,604
.5032
39, 450
9,438

6,230
11,820
10, 116
.5150
40, 631
6,623

6,220
12, 505
10, 327
.5056
40,046
4,362

6,210
9,358
14,504
.5011
44, 678
9,179

6,600
12, 760
12, 055
.5016
44, 719
9,442

6,660
12, 195
9,836
.5140
44, 107
7,489

8,130
16,092
13, 896
.5205
39,971
5,195

8,180
13, 955
15, 247
.5196
38,788
5,016

35, 196
4,600

41,183
5,851

33, 530
9,201

44,323
7,098

35, 116
8,842

34, 250
10, 452

43, 269
11, 553

29,538
17, 045

40, 975
3,900

42, 163
5,597

33,296
7,091

38,566
4,495

46,944
2,651

.0725

.0725

.0725

.0725

10,490

,0725

.0580

.0624

.0625

.0639

.0692

.0725

.0725

.0725

64,657
65, 540
63,638
8,305

51, 457
48,989
57,224
72, 629

48,213
46, 577
53, 935
66,907

52,098
47, 545
57,606
61, 399

51,010
50,715
64,065
48, 344

52, 869
53,164
67, 650
33, 563

56, 372
53. 979
65, 713
24,222

56, 459
55,288
62,295
18, 386

59, 883
55,288
65, 385
32,884

60,414 '56,227 63, 390 '63,210
58, 000 59, 688
61,224 64, 696
63, 272 r 59, 168 ' 63, 425 '62,974
10,026 '7,085
7,050 '7,286

15, 390
30, 535
.195

7,056
21, 475
.183

7,181
22,287
.185

6,898
21, 695
.186

8,076
17,823
.183

8,706
31,365
.187

10, 093
34, 221
.192

10, 232
32, 017
.192

10, 567
29, 452
.193

12,429
35, 139
.195

13, 389
38,253
.195

14, 938
33, 270
.195

15, 558
29,576
.195

1,061
2,153
707
764

541
1,041
496
716

606
1,124
516
693

469
1,099
489
709

521
1,033
536
694

435
1,039
423
751

570
1,094
516
793

456
1,066
482
804

433
978
518
763

704
1,105
572
680

703
1,317
484
696

1,773
1,493
594
720

974
1,801
665
736

Miscellaneous Products
Brass and bronze (ingots and billets) :
Deliveries
short tons
Orders, unfilled, end of month
. do _
Sheets, brass, wholesale price, mill.. dol. per lb_.
Wire cloth (brass, bronze, and alloy):
Orders, new
thous. of sq. ft__
Orders, unfilled, end of month
. do .
Shipments
do
Stocks, end of month
do
MACHINERY AND APPARATUS
Air-conditioning (circulating, cooling, heating,
and purifying) equipment, new orders: t
Air-conditioning systems and equipment
for summer and year-round use
2,675
thous. of dol. . (0
0)
0)
(')
0)
0)
0)
0)
O
«
0)
r 0)
6,541
4,910
Blowers and fans
do
5,836
6, 501
3,772
2,346
3,845
Unit heaters
do
6,086
Warm-air furnaces, winter air-conditioning
8, 651
6,791
14,668
15, 168
systems, and equipment
thous of dol
Electric overhead cranes:
749
2,374
2,640
2.291
2,265
761
1,657
499
520
798
957
4,172
Orders, new
.. __
do
1,497
12,825
12, 225
11,034
13,298
2,196
2,744
4,109
2,430
1,769
3,271
5,087
Orders, unfilled, end of month.
do
8,563 10, 174
1,235
1,063
1,030
1,102
1,217
391
334
264
282
629
643
615
825
Shipments
.. ..
.. ..
do .
Exports, machinery. (See Foreign trade.)
Foundry equipment^
298.7
315.2
129.1
164.9
285.3
281.1
165.4
377.2
161.2
194.4
254.2
257.8
264.0
New orders, net.totaL
1937-39 «= 100—
291.2
329.3
405.3
295.9
174.2
301.8
127.5
167.2
162.0
278.8
209.8
284.8
276.1
New equipment
-.
. do
321.0
236.6
272.7
292.5
133.9
235.8
158.6
138.3
188.7
147.8
160.0
Repairs
do
201.8
203.2
Fuel equipment:
Oil burners:
19, 672
18, 513
16,328 22, 013 23,642
18, 154
41, 895
23, 008
32, 772
41,029
22, 705
17 016
Orders new net
number
14,443 15,266
5,985
6,974
8,202
10,590
4,700
8,607
9,056
7,562
Orders, unfilled, end of month
.do
8,043 10, 353
22, 819
17,829
16, 203
18, 160
18, 387
31, 544
22, 019
16, 091
41,490 40,580 24 199
16 535
Shipments
do
23, 701
19, 239
19, 367
23,400
18, 027
19, 941 22, 871
19, 617
18, 415
Stocks end of month
do
22, 870
18, 060
16 860
54
25
47
56
44
33
36
52
48
38
Pulverizers, orders, new
do
30
44
Mechanical stokers, sales:
9,837
8,256
16,565 23,117
5,408
5,330
9,710
9,917
30, 951
25,180
10, 596
Classes 1 2, and 3
do
6,103
Classes 4 and 5:
161
171
386
218
177
275
352
249
215
222
410
254
Number
-.
-58,411 80,837 80, 424
42, 332
38, 508
58, 426
45, 487
42, 510
52,894
55,387
Horsepower
51, 671 56, Oil
94.9
95.4
92.5
93.3
92.3
88.3
97.8
96.8
Machine tool activity^
percent of capacity
96 8
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
41, 419
38, 476
41 504
35, 245
33, 637
32, 634
43, 643
38, 409
30, 134
41, 318
units
20 813 44, 332
804
247
905
928
887
1,473
874
853
906
849
917
Power pumps, horizontal type
do
969
22,099
20,415
19, 113
18, 657
17, 666
16, 703
18, 748 20,759
Water systems, including pumps
do
21,503
18, 688
15, 477
11, 511
Pumps, steam, power, centrifugal, and rotary:
1,963 1 2,437
5,298
1,809
2,556
4,482
2,878
5,648
Orders, new
thous. of dol..
2,952
3,025
3,923
4,820
4,042
l
' Revised.
JData for May, July, and October, 1940, January and April 1941 are for 5 weeks; other months, 4 weeks.
Reports indefinitely suspended.
t Revised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939; see p. 50 of the September 1940 Survey. Index of total foundry
equipment net 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 (192224 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only beginning May 1940.
§Data revised for 1939; see table 15, p. 18 of the April 1941 issue.
JThis series has been discontinued by the reporting agency.




SURVEY OF CURRENT BUSINESS

July 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

1941
May

51

1940

May

June

July

August

1941

SepNovem- Decemtember October
ber
ber

January

February

March

81
128

81
134

April

METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
73
Unadjusted-.
1934-36=100132
Adjusted __ .
.
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936=100140.3
Adjusted index _
..
do
114.5
Ironers, household
units— 21, 767 10, 590
65, 359 42, 983
Ranges*
- - __ _
do
»433, 589 385, 688
Refrigerators
do
156, 816 144,091
Vacuum cleaners, floor type
do
42, 394 30,060
Vacuum cleaners, hand type
do
Washers, household .
.
do
206, 030 118, 987
Electrical products:
112.7
Industrial materials, sales billed— .1936=100117.2
Motors and generators, new orders
do . _
Transmission and distribution equipment,
126.0
new orders
1936=100—
Furnaces, electric, industrial, sales:
4,905
Unit
kilowatts .
407
Value
thous. of dolElectrical goods, new orders (quarterly)
thous. of dol
1,308
Laminatedfibreproducts, shipments
do.. . 2,896
Motors (1-200 hp.):
3,126
Polyphase induction, billingst
do . ..
3,039
Polyphase induction, new orders!
do
830
D irect current , billings _.
do
946
Direct current, new orders
do
Power cable, paper insulated, shipments:
728
Unit
thous. of ft_.
902
Value
.
._ thous. of dol
Vulcanized fibre:
2,205
Consumption of fibre paper
thous. of lb_. 3,635
554
Shipments.
thous. of dol.. 1,177

91
133

130
135

186
139

207
133

208
123

198
142

160
142

102
128

82

114.6
102.5
112.2
101.8
122.3
88.4
157.7
192.1
91.1
144.3
203.9
104.0
104.3
112.2
130 2
128.5
181.3
169.0
104.9
128.6
145 6
156 8
8,571 11, 464 13, 848 21, 007 23, 282 18, 925 23, 191 20, 986 20, 492
17, 166 21, 789
33, 403 29, 626 29, 128 32, 167 34, 714 25, 248 24, 626 50, 516 51,790 61 647 65 692
328, 950 248, 538 206 418 112 309 88, 187 79 815 115,236 376 214 358 402 423 010 r 32 587
120, 200 74, 565 87,820 108, 564 114, 699 112,309 125, 037 117, 408 129, 302 178, 045 165, 672
24, 037 20,045 23, 047 30, 359 38, 270 39, 376 36, 274 30, 177 34, 696 46, 284 44, 602
112, 134 116, 422 147, 878 149, 002 168, 527 100, 787 92, 474 133 411 155 546 191 325 213 611
107.6
160.9

113.8
155.0

126.5
146.6

181.9

170.2

159.6

119.6

230.7

214.2

219.8

269.0

356.5

251.3

329.7

5,381
476

5,241
421

5,137
372

18, 847
1,049

16, 965
1,341

12, 228
1,043

31, 866
1,766

10, 516
924

21, 508
1,719

31 595
1,402

13 774
997

268, 120
1,325

1,313

1,408

411, 595
1,454

1,718

1,812

514, 816
2,023

2,123

2,330

554 115
2' 606

2 659

3,000
3,186
866
1,703

3,083
3,345
914
1,437

3,280
3,536
915
1,240

3,207
3,693
1,008
1,371

3,703
4,731
1,212
2,674

3,524
4,628
1,297
2,209

4,358
6,397
1,412
2,065

4,121
4,635
1,399
1,862

4,353
5,829
1,381
2 738

4 679
7,523
1 762
2 938

5 044
6,195
1 369
2 060

758
836

757
998

1,253
1,463

1,154
1,163

891
1,110

586
739

998
1,167

1,083
1,172

1,284
1,457

1,209
1 253

1,373
1 595

1,999
458

2,449
556

2,443
681

2,373
599

2,582
714

2,742
716

2,981
805

3,088
926

3,012
838

3,448
1,029

3,471
1.158

123.9
161.3

147.7
254.3

148.2
223.9

164.8
262.0

187.4
220.6

194.5
275.7

223.3
342 0

234.4
263 2

PAPER AND PRINTING
WOOD PULP
Consumption and shipments: • §
Total, all grades
_
..
short tons .
Chemical:
387, 000
Sulphate, total
do
326, 900
Unbleached
do
247, 900
Sulphite, total
do
148, 600
Bleached
do
Soda
do
163, 900
Ground wood
do
Exports total, all grades* .
do
Imports total all grades*
do
Chemical:
Sulphate, total*
do
Unbleached*
do
Sulphite, total*
do
Bleached*
. ...
do
Unbleached*
do
Ground wood^
. ..
do
Production :§
Total, all grades
do
843, 568
Chemical:
Sulphate, total
do
377, 850
Unbleached
... do
317, 245
Sulphite, total.
do
244, 139
146, 712
Bleached
do
goda
do _ _ 50, 304
171, 275
Groundwood
do
Stocks, end of month :§
Total, all grades
- —do
Chemical:
Sulphate, total
do
28,600
Unbleached
do ... 22, 600
Sulphite, total
..do
56, 600
Bleached _
do
32, 900
Soda
do . .
84, 100
Groundwood
do
Price, sulphite, unbleached
dol. per 100 lb._
3.46

' 760, 400 ••734,800 ' 731, 000 '736,700 '680,800 '750,000 '733,000 '723,200 '767,300 '718,900 ' 809, 100 '815, 400

320,300 315, 700 311, 600
276, 300 265,800 264, 800
231,000 221, 800 230, 700
145, 100 140,900 145, 100
50,500
45,100
47,900
' 158, 800 ' 149, 300 ' 143, 500
40,864
64, 702
57,923
86,426
81, 345
93,358
11, 815
6,669
50,045
26,822
23, 223
18, 446

17, 817
13,058
53, 349
30, 294
23,055
21, 138

11, 385
5,546
54,882
27, 662
27, 220
19, 218

318, 700 301, 800 343, 300 331,800 322,600 342,400 '320,600 '362,200 '364,900
270,000 252, 700 288,800 281,200 273, 400 288,200 ' 267, 000 303, 900 '306, 800
225,400 209,900 210,000 216,600 214, 200 223,100 214, 000 242, 700 242, 100
139,900 129,600 128,800 130, 100 128,300 131,600 124, 500 146, 000 146, 600
42,200
42,600
37,900
36,900
46,800
44,700
43,000
48, 300
48,000
r 150, 400 ' 132, 100 ' 154, 100 ' 146, 700 ' 141, 800 '155,000 ' 131, 300 '155,900 ' 160, 400
39, 359
60,379
23,501
28,693
32,256
36, 627
24, 870
37, 999
68, 112
70,549
65,554
83,640
72, 493
70,686
69,821
84, 967
85, 136
17,920
12, 036
55, 318
31, 376
23, 942
9,557

11,253
7,062
40,188
21, 247
18, 941
13, 187

10, 869
6,515
43, 509
25, 112
18, 397
12,903

12, 521
7,872
46, 423
27, 399
19, 024
10, 745

14,438
8,414
44, 520
23, 603
20, 917
11,030

15,671
10, 465
45,907
25, 859
20,048
10, 199

13, 659
8,001
45, 554
28, 227
17, 327
9,495

16, 287
10,268
55, 699
30, 156
25, 543
11, 731

14, 431
9,845
53, 184
30, 575
22, 609
16, 394

' 770, 485' 729, 984 ' 706, 202 '739,052 '677,899 ' 760, 623 '747,409 '729,687 '787,725 '714,690 '804,16? '809, 021
321, 622
277, 063
226, 335
142, 802
48, 085
' 174, 443

311, 093 310, 147
264, 389 264, 238
221,971 217, 261
141, 076 135, 779
48, 446
45, 723
' 148, 474 ' 133, 071

r 175, 300

r

329, 665 309, 348 346, 346 329, 792 325,331
279, 973 260, 298 292, 182 278, 582 276,939
232,862 208, 238 223,951 218, 103 207, 102
144, 834 128, 613 136, 705 126, 167 122, 591
44,001
37,092
42, 737
38, 861
45, 376
r
133, 788 ' 123, 221 ' 146, 325 ' 160, 653 ' 151, 878

' 355, 713 '323,258
'299,429 '270,902
'225,486 '203,113
' 135, 873 ' 120, 598
45, 715
42, 160
' 160, 811 ' 146, 159

' 360, 073 '353, 677
'301,654 '295, 010
'237,479 '238, 546
••140,900 ••143, 227
48, 290
47, 622
' 158, 325 '169, 176

170, 400 ' 145, 700 ' 148, 000 r 145, 200 ' 155, 900 ' 170, 300 ' 176, 700 ' 196, 900 ' 192, 900 ' 188, 300 '181, 700

14, 400
19, 000
11, 300
9,900
76,900
77,000
49,800
49,900
4,000
4,500
' 75, 500 ' 74, 600 '
3.34
3.18

12, 800
9,200
63,600
40,700
5,100
64, 200
3.46

23,900
31,300
19, 300
26,900
69,400
71,000
44,600
45,600
5,600
5,800
' 47, 600 ' 38, 700 '
3.46
3.46

34,400
30,300
83,300
52,500
7,200
31, 000 '
3.46

32,300
27,600
84,800
48,600
8,200
44, 900
3.46

35,100
31,200
77, 700
42,900
8,900
' 55, 000
3.46

' 48, 400
r 42, 400
80,100
47,200
7,800
' 60, 800
3.46

51,100
49, 000
46,300 ' 44, 100
69,200
64,000
43, 300
38, 200
7,000
7,000
' 65, 600 ' 68, 000
3.46
3.46

37, 800
' 32, 300
60, 400
34, 800
6,600
' 76, 800
3.46

PAPER
Total paper, incl. newsprint and paperboard:f
Production —
short tons.
1,039,708 980,385 958,374 979, 631 867, 691 1,003,971 949, 422 908,471 1,002,800 '934,996 '1,052,735 1,076,829
Paper, excl. newsprint and paperboard:f
514, 683 471,457 398,861 390, 325 379, 447 435, 059 424, 064 417,776 488, 585 '465, 537 '565, 856 589, 123
Orders, new .
.
short tons
Production
do
479, 257 454, 898 446, 234 440,264 387, 255 442, 610 420,810 420,005 466, 697 '428,857 '479,601 489, 899
Shipments
do
484, 801 472,531 448,043 i 428,306 386,431 432,521 416,419 415,625 471, 114 '438.804 '493.960 505. 194
» Preliminary.
•Domestic pulp used in ]
' Revised.
......
market.
IData rev
jShown in 1940 Supplement and monthly issues through February 1941 as A. C. motors.
for 1939; see table 15, p. 18 of the April 1941 issue.
tRevised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934, see table 43, pp. 12 and 13 of the November 1940
issue.
•New series. Data beginning 1913 for wood pulp are shown on p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18
of the November 1940 issue; the note with regard to the coverage of the industry has been revised to read: The Association believes the coverage for 1936-40 was between 90
and 95 percent; no data are available for coverage prior to 1936. Earlier monthly data for the indexes of domestic appliances excluding refrigerators will be shown in a subsequent issue.
§Revised 1939 and January 1940 data on production, consumption, and stocks will be shown in a subsequent issue. Revised data beginning February 1940 are
shown on p. 51 of the April 1941 issue, except for groundwood which has been subsequently revised back to January 1940.




52
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

SUKVEY OF CUKKENT BUSINESS
1941
May

July 1941
1941

1940

May

June

July

August

September

DecemOctober November
ber

January

February

March

April

PAPER AND PRINTING— Continued
PAPER— Continued
Book paper :d"
Coated paper:
Orders, new
.
_ short tons_.
Ofriprs, unfilled, end of mnnth
do
Production
do
Percent of standard capacity
Shipments
short tons
Stocks, end of month
do
Uncoated paper:
Orders, new"
_
__ do
Orders, unfilled, end of month
do
Price, wholesale, "B" grade, English finish,
white, f. o. b. mill
dol. per 100 Ib
Production
short tons
Percent of standard capacity
Shipments
short tons
Stocks, end of month...
_
do
Fine paper: t
Orders new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Wrapping paper: t
Orders new
do
Orders, unfilled, end of month
do
Production
do
Stocks end of month
do
Newsprint:
Canada:
Exports
._ . __do
Production
do
Shipments from mills __
do
Stocks, at mills, end of month
do
United States:
Consumption by publishers
do
Imports
do
Price, rolls (N. Y.)
dol. per short ton...
Production
.
short tons
Shipments from mills
,
do
Stocks, end of month:
At mills
do
At publishers
_ do _
In transit to publishers
do
Paperboard:
Consumption, waste paper
do
Orders, new
do
Orders, unfilled, end of month
do. .
Production
do
Percent of capacity
.
_
Waste paper stocks, at mills
short tons..

33, 039
20, 613
23, 971
84.1
24, 579
13, 281

21, 195
7,807
20, 928
72.1
20,107
16, 110

20,359
8,618
19, 717
74.0
20,695
15, 089

15, 321
5,561
19, 487
69.7
19, 615
14, 927

14, 896
4,852
17, 333
59.7
17,038
15,331

13,520
4,845
13, 672
57.5
13,570
15,024

18, 334
5,108
18, 163
62.5
19,431
14, 158

15,990
5,264
16,045
58.0
16, 424
13,633

16, 968
6,174
17, 726
65.9
15, 967
15, 326

20,546
6,772
19,636
67.6
19, 943
14, 971

20,107
8,532
18, 949
73.4
19, 280
14, 622

21, 862
9.076
22, 167
80.8
22, 059
14, 397

28, 276
14, 091
22, 230
81.0
22, 648
13, 923

165, 927
119, 533

123,379
61, 758

119, 300
66, 165

90,251
54, 432

94, 183
46,206

89,059
43, 337

101, 660
41, 334

97, 667
45, 775

98, 679
48,845

117, 435
55, 711

113,640
61, 920

133, 970
70, 048

150, 707
93, 257

6.55
134, 371
100.6
136, 296
49, 687

5.95
116, 351
88.5
109, 723
62, 972

5.95
109,905
91.7
114, 727
59, 511

6.23
106, 715
84.1
106, 572
60,424

6.30
106, 091
78.8
103, 839
63, 505

6.30
89, 512
77.8
91, 937
59, 686

6.30
106, 482
80.9
103, 493
63, 152

6.30
99, 298
77.3
95, 074
68, 555

6.30
96, 229
78.8
96, 378
66, 574

6.30
107, 721
81.0
109, 982
64, 141

6.30
104, 071
86.8
107, 359
61, 373

6.30
120, 879
93.8
125, 404
56, 721

6.30
121,913
95.4
127, 587
50, 754

52, 921
26, 224
46, 065
47, 504
63, 797

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
62,294

35, 130
17, 893
37, 399
36, 373
63, 160

41, 643
16, 534
44, 751
43, 448
64, 093

42, 808
18, 696
42, 997
42, 375
64, 936

40, 309
17, 751
42, 017
41, 078
67, 178

49, 492
21, 342
45, 169
46, 750
66, 826

48, 699
22, 696
42, 604
44, 032
65,041

r 56, 550
r 35, 612
•• 47, 598
•• 47, 819
' 65, 187

67,376
49, 632
49, 143
52, 686
63, 303

197! 542
120, 953
178, 472
188,088
83,505

163, 646
115,997
164,077
168,415
79,929

152, 619
102, 149
168, 567
167, 708
80, 961

144, 649
81, 622
166, 125
164, 852
81, 774

133, 381
73,354
140, 464
141, 373
80, 398

165, 209
76,590
162, 492
159, 429
81,508

158, 156
77, 967
157, 204
156,992
81, 870

156, 576
84,749
154, 819
149, 794
86,875

177, 007
89, 722
172, 622
172, 176
89, 015

167, 135
96, 294
157, 757
158. 726
84, 075

214, 238
135, 387
174, 357
177, 163
87, 556

219, 505
170, 815
179, 601
184, 015
86, 685

268, 706
284, 767
291, 112
174, 044

301, 209
323, 563
334,441
203,672

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

275,822
309, 957
287,943
180,326

276, 586
282, 344
286, 739
175, 931

263, 450
252, 897
276, 457
152. 371

211, 022
261, 298
243, 394
170, 275

219, 464
245, 607
239, 745
176, 137

232, 197
275, 769
265, 724
186, 182

276, 452
279, 996
285, 789
180, 389

260, 827

50.00
90, 913
91, 689

257, 565
262,983
50.00
90, 207
88,912

241, 639
254,920
50.00
84, 762
85,194

206, 913
261, 727
50.00
82, 579
86,229

213, 105
258, 055
50.00
86, 633
81, 714

238, 176
239, 679
50.00
77, 888
77,470

261,028
229, 561
50.00
88,192
88,774

251, 457
257, 020
50.00
85, 338
87, 331

256, 036
217, 323
50.00
80,837
84,037

229, 799
192,240
50.00
89, 124
84,141

219, 362
187, 170
50.00
79, 720
81, 241

258, 518
221, 542
50.00
87, 376
85, 503

256, 431
237, 639
50.00
87, 000
91, 487

13, 527
252, 381
51, 197

17, 975
247, 206
43, 312

17,543
257, 567
47,435

13, 893
318, 609
44,679

18, 812
361, 179
46,245

19, 230
364, 207
45, 919

18, 648
339, 211
42,039

16,655
327, 913
39, 188

13, 455
308, 880
47, 592

18, 438
301, 562
34, 719

16, 917
284,799
42, 163

18, 790
252, 856
44, 312

14, 303
255, 588
46, 679

377, 595
572, 522
370, 151
526, 286
89.4
269, 737

338,241
517, 221
204,249
470, 244
77.1
235,706

324, 448
437, 874
195,037
440, 725
77.8
240, 039

299,781
398, 191
160, 541
429, 561
70.3
251, 823

317,909
414,966
131, 890
452, 604
73.9
245,378

283, 660
399, 133
131, 242
402, 548
71.2
245, 685

333, 739
486, 181
140,027
473, 169
77.8
249,860

322,991
426, 614
128,222
443, 274
75.7
260,320

275, 353
393, 026
115, 143
407, 629
70.7
269, 755

322, 408
520, 931
160, 561
446, 979
76.1
264, 393

310, 969
470, 671
202,284
426, 419
81.5
260,890

371, 253
543, 988
252,611
485, 758
85.4
253, 009

357, 091
580, 038
330, 779
499, 930
87.9
262, 398

95,478

84,253

82, 324

98, 135

101, 125

111,106

101, 925

90,670

106, 890

116, 944

137, 177

129, 119

(»)
<*)
0)

f?

0)

8

i

PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams.. 135, 571
Paperboard shipping boxes:
(22)
Shipments, total
mil. of sq. ft
()
Corrugated
d"o
Solid
fiber
. do
(2)
PRINTING
Book publication, total .
no. of editions.. 1,051
887
New books
.
do
164
New editions
do
Continuous form stationery, new orders
thous. of sets.. 203, 327
Operations (productive activity)
1923 = 100_ .
0)
24, 470
Sales books, new orders
thous of books

2,999
2,821
178

. 8(»)

8
0)

8
0)

• (8)
2

(2)
(2)
(2)

(22)

r2)

()

746
655
91

949
812
137

717
608
109

921
745
176

722
651
71

988
822
166

1,027
916
111

1,122
889
233

568
508
60

891
722
169

1,310
1,100
210

918
800
118

142, 780
80
18, 537

163, 493
75
17,999

139, 161
79
18, 203

137, 202
0)
18, 740

162, 347
0)
16, 940

170, 828
(')
18, 559

157, 474

183, 392
0)
17, 481

171, 273
(0
19, 947

192, 228
0)
18, 328

207. 715

188, 909
0)
21,331

17, 405

19, 621

RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER
Crude rubber:
52, 469
59,644
57, 716 59, 709 65, 989 62, 692 69, 024 71, 374
71, 187 54, 513 47,834 48,354
53, 307
Consumption, total
long tons
118, 314
103,744
108, 156
For tires and tubes (quarterly)
do
72,901 97,984 86, 833 73, 973 87, 123 63, 305
53,889
78,972
51,431
69,474
74,696
73,028
Imports, total, including latex t
do
.221
.208
.228
.199
.204
.212
.222
.203
.216
.211
.196
.193
Price, smoked sheets (N. Y.)
dol. per lb._ """"."239"
99, 254 127. 189 126,575 90,607 139, 180
123,047 110, 348 127, 313 120, 857 133,784 126,228
Shipments, world §
long tons
458,000 487,000 533,000 566,000 609,000
Stocks, world, end of month .
.do
(2)
ft
(2)
(')
(2)
210,000 235,000 250,000 255,000 265,000 265,000 250,000 250,000 265,000 245,000 260, 000
Afloat, total
do
147, 459 109,364 119, 138 139, 629 141, 286 137, 888 166,837 158,095 145,2 950 153,2 169 136, 955 140, 228 153,484
For United States
..
do
2
21,000
26,500
36,000
50,000
19,500
London and Liverpool
do
()
(2)
()
(2)
()
75,877
78,029
80,600
80, 375
73, 799
British Malaya
do
78, 485
T&1 75, 560 84, 361 102,425 85,458
364, 107 148,881 154,313 175, 455 194, 760 220,597 235,353 250, 412 288,864 309, 411 320, 373 338, 147 329, 767
United States. .
_.
.do
Reclaimed rubber15,984
14,464
16, 312 17, 397 19,086 18,222 19, 611 20, 427
14, 539
16, 807
21, 353
15, 163
14,835
Consumption
do
17,636
19,239
20,413 19, 506 22,006 21, 574
22, 775
16, 581
14, 299
17, 161
16, 379
17, 499
19, 300
Production
do
32,636
31,459
33, 654 35,028 35, 336
28,526
33,380
29,039
30,816
35, 921
27, 141
27, 701
27, 129
Stocks, end of month . _
..
. do
39. 844
41. 176
Scrap rubber consumption
do
35,735
'Revised.
i Discontinued by reporting source.
» Reports indefinitely suspended.
tRevised series. For revised data for fine and wrapping papers beginning 1934, see table* 43, pp. 12 and 13, of the November 1940 Survey.
JFor monthly data for 1913 to 1938 corresponding to the monthly averages on p. 148 of the 1940 Supplement, see table 28, p. 18, of the May 1940 Survey; for revised data
for 1939, see table 15, p. 18 of the April 1941 Survey.
cfln recent months, the number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.
IBeginning with the January 1941 Survey, data for world shipments of crude rubber are from the Statistical Bulletin of the International Rubber Regulations Committee;
. earlier data from this source have been in close agreement with data compiled by the Bureau of Foreign and Domestic Commerce, shown in previous issues of the Survey.




SURVEY OF CURRENT BUSINESS

July 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

1941

May

53

1940

May

June

July

1941

October Novem- Decem-

August

January

February

March

April

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__

6,073
7,733
2,700

5,413
5,755
1,998
3,662

5,131
6,803
1,925
4,781

4,788
4.318
858
3,350

4,676
4,123
705
3,303

4,413
4,462
1,465
2,892

5,077
5,525
2,320
3,048

4,732
4,969
2,435
2,404

4,968
4,991
2,624
2,249

5 486
4,850
2,291
2 430

5 161
4 896
2,546
2 197

5 686
5 517
2,638
2 722

5 823
6,050
2,334
3,537

8,373

10,523

8,871

9,350

9,911

9,837

9,410

9,163

9,127

9 797

10 029

10 149

9,958

5,855

4,737
4,745

4,351
5,686

4,020
3,793

4,306
3 600

4,099
3 952

4,548
4 876

4 104
4 690

4 656
4 644

7,017

4 887
4 610
'l02
7,924

5 349
5 181
'l37
8,069

5 496
5 371

7,056

5 113
4 474
' 96
7,633

8,143

5,369
6,118
11,129

5,939
6 614
10, 377

5,543
5 166
10,754

5,827
5,359
11, 222

6, 628
5,555
12,272

6,324

7,686

96

78

8,206

96

74

6,849

110

89

7,096

115

96

7,794

70,972

106

84

7,970

158

124

7,648

130

106

66,849

118

87

128

153

158

178

127

75, 475

RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month

thous. of pairs __
do
do —

_

6,084
5,134
13,223

5,075
3,862
18,095

4,528
3,737
18,886

3,323
4,567
17,641

4,583
5,808
16, 386

4,046
6,200
14,232

5,105
5,971
13, 365

5,146
6,633
11, 878

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
.. .
thous. of bbl . _ 14, 732
69.4
Percent of capacity
_ _ _.
16, 048
Shipments
thous of bbl
22, 740
Stocks, finished, end of month
do
6,005
Stocks, clinker, end of month
do
CLAY PRODUCTS
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thous.. 12.404
Shipments
thous. of brick..
Stocks, end of month
do
Face brick:
Shipments
do
Stocks, end of month
do
Floor and wall tile shipments:
Quantity..
-thous. of sq. ft..
Value
thous. of dol. .
Hollow building tile:
Shipments
short tons..
Stocks, end of month
do
Vitrified paving brick:
Shipments
thous. of brick .
Stocks end of month
.
do.
GLASS PRODUCTS
Glass containers:
Production
thous. of gross, . 6,246
Percent of capacity
- -. -.
93.5
S hipments, total
thous. of gross . . 6,402
Narrow neck, food*
- _.do _.
326
1,212
Wide mouth food*
do
49
Pressed food ware*
... _. do
Pressure and non-pressure*
do
779
Beer bottles*
. ..
do
548
Liquor ware*
- do .
991
Medicine and toilet*
do
1,609
453
General purpose*
do
Milk bottles*
do
272
Fruit jars and jelly glasses*
do .
136
Stocks, end of month
do
9,244
Other glassware, machine-made:*
Tumblers:
Production
thous. of doz..
5,548
Shipments
do
5,055
Stocks
- - do__.
7,896
Table, kitchen and householdware, shipments
thous. of doz__
3,372
Plate glass, polished, production.thous. of sq.ft. . 18, 394
Window glass, production
thous. of boxes. _ 1,282
78 9
Percent of capacity
GYPSUM AND PRODUCTS
Crude:
Imports
short tonsProduction
.
.... 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

12,
633
T
57.8
13 206
24, 758
6,071

12, 490
58.9
13, 223
24, 010
5,907

12,290
56.0
13 442
22,855
5,559

12, 712
57 8
14 018
21,549
5,158

13, 105
61 8
14 741
19, 921
4,829

13, 935
63 7
15 776
18, 008
4,470

12, 725
60 1
10 372
20, 353
4,558

11, 195
51 2
8 192
23,381
4,886

9 021
42 4
7 984
24,416
5,092

8 345
43 4
7 456
25, 307
5,520

10, 596
49.8
9 915
25, 988
6,276

12, 196
59.3
14 132
'24,056
"6,207

12. 164
197, 021
392, 975

12. 116
186, 472
397, 336

12. 101
193, 479
402, 159

12.094
187, 648
422, 005

12. 121
182, 785
436, 436

12. 147
213, 800
445, 304

12. 148
162,829
468,962

12. 195
144, 327
478, 411

12. 201

12. 242

12. 328

12.323

66,190
262, 463

61, 195
253, 326

62, 330
250, 730

64, 490
248, 531

60, 977
250, 617

70,864
242, 100

47, 056
251.593

40,559
265,825

5,719
1,399

4,994
1,254

5,822
1,449

6,546
1 643

5,671
1 444

5,860
1 470

5,181
1 344

5,597
1 387

5,219
1 363

86, 062
361, 648

84, 339
361, 759

89, 810
357, 266

94, 442
357, 421

85, 767
382, 066

90, 359
382, 092

64, 313
391,531

58, 565
407, 618

5,153
43,627

5,081
44,049

6,148
43, 383

8,383
37, 425

7,094
34, 738

7,365
34, 510

5,769
32 031

2,516
30 288

1 801
30 580

1 015
30 442

4,701
70.5
4,763

4,429
69.1
5,230

4,780
71.7
4,532

5,070
73 3
4,653

4,289
69 7
4,565

4,864
70 3
4,816

4,352
67 9
4,078

4,203
65 6
3,532

4,517
65 0
4 177

4,368
70 8
4 273

5,128
76.7
5, 117

5,325
79 7
5,573

1 038

1 113

248
955
41

281
932
31

637
397

640
781

1,269
317

315
953
28

657

1 016

34

820
879
32

423
950
40

145
91

466
358

304
186

1,131
273

1,129
285

1,363
304

1,284
313

106
105
1 028
1,608
323

10, 078

9,180

9,331

9,655

9,292

3,877
4,048
7,537

3,648
3,628
7,560

3,595
3,598
7,572

3,841
3,813
7,597

2,668
11,721
1,068
65.8

2,185
9,783
908
55.9

2,088
8,522
994
61 1

3,325
12, 533
993
61 1

617

200
59

842

200
102

624

207
149

456
208
106

170
808
31

189
961
41

4,368
1 117

205
909
37

240

42

289

35

275
167

412
368

633
418

1,041
269

1,468
337

1,433
351

1,493
434

1,522
405

9,432

9,988

10 109

10 097

9,979

9,612

3,887
3,642
7,991

3,056
2,804
8,160

3,199
2,876
8,455

3,200
2 641
8 775

3,694
4 004
8 419

4,200
4,424
8,115

3,838
4,387
7,499

3,763
17,070
1,349
83 1

3,006
16,059
1,264
78 0

2,456
17, 491
1,458
89 8

2,316
19, 350
1,561
96 2

2,905
15,664
1,397

3,400
18, 266
1,417
87 3

3,922
18, 344
1,400
86 3

9,247

3,450
3,331
7,737
2,647
14, 091
1,002
61.7

208
49

138
686
33

4,565
1 195

224
140

126
102
1 137
1,230
258

726

4,724
1 249

201
14

197
5

189
154

803
198
3

589
206
g

676

199
g

Rfi 1

843
213
13

313, 340
917, 234
869, 174

531,032
1,128,862
969, 578

387, 969
1 033 403
888,078

175, 467
811 500
764,500

263, 028

250, 080

244 975

200 630

509, 602
30,444
7,303
519, 767
384, 195
8,329
127, 243

556,560
29 850
7,393
591, 878
453, 124
8,475
130, 279

430 090
33 358
6 447
621, 768
388, 230
6,816
226, 722

373 503
36 027
6 450
539, 000
322, 700
7,100
209,200

865

229
41

Revised.
*New series. Data for glass containers beginning January 1934 are shown in table 49, pp. 16 and 17, of the November 1940 issue; earlier data on glassware other than containers are shown in table 2, p. 17, of the January 1941 Survey.




54

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1941
May

July 1941

1940
May

June

July

August

1941

September

DecemOctober November
ber

January

February

March

April

TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs
Shipments
do
Stocks, end of rnoTith
do

12, 621
11,750
25, 034

COTTON
Consumption
. bales.. 918, 902
Exports (excluding linters) §
do . . . .71, 539
30, 853
Imports (excluding linters)§
do
.117
Prices received by farmers.
_dol. per lb_.
.129
Price, wholesale, middling (New York).. do
Production:
Qinnings (running bales)* . thous. of bales .
Crop estimate, e q u i v a l e n t 500-lb. bales
thous. of bales
Stocks, domestic cotton in the United States,
14, 260
total
. _ thous. of bales
1,083
On farms and in transit
_.do
11, 321
Warehouses
.
do
1,856
Mills
do

10, 660
10, 108
25, 566

9,711
8,835
26,384

9,418
9,244
26, 701

11, 174
12, 396
25, 621

11, 257
12, 762
24,258

13, 586
14,109
23, 879

12, 579
12, 975
23,626

11, 279
11 536
23, 511

12, 747
11 822
24,435

11 558
11 573
24 419

12, 105
12 495
24, 029

12, 871
12 737
24, 162

641, 636
226, 469
14,292
.098
.102

565, 416
133, 530
12, 374
.095
.107

622, 723
136, 751
18, 254
.095
.104

654, 503
64,743
10, 153
.092
.098

639, 252
90,555
3,991
.092
.097

770, 702
194, 251
15, 926
.094
.096

744, 088
144, 710
12, 026
.094
.100

775, 472
107, 375
5,906
.093
.102

843, 274
52,184
9,624
.095
.104

793 626
60, 597
14, 210
.094
.107

854, 179
97,292
28,184
.097
.108

920, 142
74, 009
18, 846
.105
.113

32

606

3,924

9,084

10, 870

11, 433

11, 931

12, 287

i 12, 554
12, 094
773
10, 058
1,263

11,400
753
9,545
1,102

10, 619
620
9,086
913

22, 316
12, 551
9,085
680

21, 638
10,203
10, 703
732

20,842
5,719
13, 826
1,297

19, 808
3,488
14, 697
1,623

18, 924
2,137
15, 014
1 773

18, 033
1,583
14, 636
1,814

17 193
1 337
14 009
1 847

16, 188
1,135
13,209
1 844

15, 224
1,023
12, 339
1 862

28,470
6,608

24, 627
6,329

26,288
4,767

24,409
5,216

24, 413
6,919

26, 709
5,136

29,954
11, 420

27,734
7 581

34,944
7,060

33, 937
9 791

38, 513
7 796

37, 947
8 828

11.37
.047
.058

10.68
.046
.057

11.00
.047
.058

11.23
.048
.058

12.26
.050
.059

13.31
.052
.062

14.24
.054
.065

14 50
.054
.066

14 94
.055
.067

16 00
.057
073

18 17
.066
.078

19 81
.072
.084

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
102, 085
6,786
100, 752

132, 912
108, 029
5,924
104, 345

154, 479
126, 610
8,238
110, 657

164, 079
129, 878
6,535
105, 468

155, 770
119 889
5,668
108 886

164, 610
122, 954
6,304
107,857

159, 429
120 108
5 528
107 358

175, 144
141 056
6,270
126 671

178, 538
146 235
6,543
122 245

22, 213
8,035
324
89.4

21, 955
6,960
281
87.9

21, 919
7,548
305
86.6

22, 078
7,872
318
90.4

22, 278
7,867
320
96.7

22, 457
9,276
378
103.3

22,686
8,614
352
105.9

22, 818
8,657
353
105.0

22, 821
9,901
404
112.1

22 769
8,920
365
114 0

22 796
9,573
392
116.7

22 787
10, 289
421
119 6

.222
.338

.219
.321

.227
.325

.227
.325

.227
.325

.257
355

.267
.377

.268
.403

.272
.404

.274
.390

.288
.388

.338
.419

32.2
571

31.4
669

32.1
391

34.0
441

30.9
224

36.7
386

34.8
1,576

34.0
2,466

35.0
1,660

31.6
1,774

35.4
2,261

38.7
1,611

.530
12.5

.530
12.8

.530
11.1

.530
9.9

.530
8.3

.530
6.9

.530
6.7

.530
6.3

.530
8.9

530
10.0

.530
10.2

.530
••7.4

18, 997
2,925

17. 307
2,356

22, 766
3,827

30, 189
4,761

28,828
3,739

39, 877
6,490

36, 374
7,219

23 113
4,429

28,425
3,263

28 111
2 430

25 828
3,453

23 538
3,551

2.540

2.529

2.561

2.698

2.585

2.562

2.560

2.589

2.816

2.834

115, 111 151, 698
43, 211 46, 898

172, 254
44, 454

184, 797
48,297

195, 330
60,330

225, 248
72 248

224, 363
63, 433

214,836
54 106

211, 174
49,904

210, 743
49 373

COTTON MANUFACTURES
Cotton cloth:
Exports!
.thous. of sq. yd._
Imports§
do
Prices, wholesale:
20.85
Mill margins
cents per Ib
Print cloth, 64x60
dol. per yd. . .080
.088
Sheeting, unbleached, 4x4..
do
Finished cotton cloth:
Production:
Bleached, plain
thous. of yd_.
Dyed, colors
do
Dyed, black
do .
Printed
do
Spindle activity:
22, 980
Active spindles
.
thousands
Active spindle hrs., total
mil. of hrs_. 10,287
422
Average per spindle in place
hours. .
Operations
- - -pet. of capacity . 121.8
Cotton yarn, wholesale prices:
22/1, cones (factory)
dol. per Ib . . .366
.430
40/s, southern, single, carded, Boston.. .do
RATON AND SILK
Rayon:
39.9
Deliveries (consumption), yarn*.. .mil. of Ib..
Imports§._thous. of lb_.
Price, wholesale, viscose, 150 denier, first
.530
quality, minimum filament,*... dol. per lb_5.9
Stocks, yarn, end of mo.t
...mil. of lb._
Silk:
22, 440
Deliveries (consumption)
bales
Imports, raw§ .
thous. of Ib
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
dol. per Ib-. 2.886
Stocks, end of month:
Total visible stocks
bales.- 214, 711
50, 341
United States (warehouses)
do

2.794

2.724

92, 485
43,285

90,122
41, 822

WOOL
Imports (unmanufactured) §
thous. of Ib
Consumption (scoured basis) :1
Apparel class
. _»
do
Carpet class
do
Machinery activity (weekly average) : J
Looms:
Woolen and worsted:
Broad
thous. of active hours
Narrow.
..
do .
Carpet and rug
_
do
Spinning spindles:
Woolen
_ ._
do
Worsted
do
Worsted combs
do
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb_.
Raw, Ohio and Penn.,
fleeces
.do
Suiting, unfinished worsted, 13 oz. (at
mill)
dol. per yd_.
Women's dress goods, French serge, 54' (at
mill)
.
dol. per yd..
Worsted yarn, %a's, crossbred stock (Boston)
dol. perlb..
Receipts at Boston, total
thous. of lb_.
T)QTnf»stic

do

18, 466

18,666

17,502

16, 099

21,831

33, 981

34, 631

56 313

72 677

73 045

72 458

91 788

41, 032
10, 588

17, 065
6,524

19, 373
5,798

28,431
6,061

24,799
7,571

28,609
7,941

39,240
11, 387

33, 821
8,969

34 012
9 352

40, 115
10 965

36 232
10 712

39, 416
11 008

46 970
13 095

2,491
93
241

1,209
58
152

1,407
70
149

1,558
67
125

1,694
63
166

1,744
60
177

1,884
78
206

2, 148
72
198

2 256
' 62
202

2 197
71
201

2 411
' 80
233

2 428
85
246

2 450
96
244

106, 880
119, 610
218

60,724
61, 167
94

68,147
66,718
137

72,506
72, 934
143

80, 359
85, 527
146

83,665
88,005
158

88,027
104, 332
182

90,421
103, 556
179

94 789
107 978
188

90,418
104 279
192

98 398
115 206
210

99 589
115 309
216

102 929
117 465
215

1.08
.45

.86
.37

.88
.39

.87
.39

.89
.39

.92
.40

1.05
.44

1.10
.46

1.10
.46

1.10
.44

1.09
.44

1.08
.46

1.08
.45

2.030

1.931

1.931

1.931

1.931

1.918

1.931

1.931

1.931

1.931

2.005

2.030

2.030

1.275

1.114

1.114

1.114

1.114

1.114

1.153

1.213

1.213

1.213

1.213

1.225

1.262

1.594
80, 360
29, 177
51, 184

1.294
31, 759
25, 214
6,544

1.250
44, 896
41,790
3,106

1.290
52,905
44,472
8,433

1.256
30,278
22,540
7,738

1.288
29,961
22, 912
7,049

1.395
47,060
30, 393
16, 667

1.488
36, 123
16,328
19, 795

1.450
49, 597
6 298
43 299

1.450
50,365
4 633
45 732

1.519
1.550
1.463
51,809 ' 49, 410 r 76, 210
7 151 13 655
4 129
47 680 42 259 r 62 555

Foreign
. do
Stocks, scoured basis, end of quarter, total
128, 585
127, 546
thous. of Ib
142 152
162 962
47,508
41, 338
Woolen wools, total
do ..
48 388
50 718
35,183
29,450
26 957
Domestic
do
27 651
12, 325
11,888
Foreign
....
do
20' 737
23 761
81, 077
86,208
Worsted wools, total
. do ..
93 764
112 244
59, 436
57, 219
Domestic
do
29, 009
17 933
.
21,641
28,989
Foreign
do
64, 755
94, 311
' Revised.
• Total ginnings to end of month indicated.
» Dec. 1 estimate of 1940 crop.
§Datafor 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 issue.
If Data for July and October 1940, and January and April 1941 are for 5 weeks; other months, 4 weeks.
JMonthly data beginning January 1930, corresponding to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
*New series. For monthly data on rayon yarn deliveries beginning 1923, see table 41, p. 16, of the October 1940 issue. The new rayon price series replaces the data shown
in the 1940 Supplement; earlier monthly data will be shown in a subsequent issue.




SURVEY OF CURRENT BUSINESS

July 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

1941

55
1941

1940

May

May

June

July

August

Novem- Decem- January
Sepber
ber
tember October

February

March

April

TEXTILE PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
(i)
Production .
pet. of capacity. _
(i)
Stocks, end of month .
thous. of gross .
Fur, sales by dealers. . .
thous. of dol. .
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo_. thous. linear yd_.
Pyroxylin spread
_..thous. of lb...
Shipments, billed
thous. linear yd

0)

5, 913

(i)
0)
4,279

(i)
0)

3,896
5,993
5,881

4,443
6,262
6,499

5,520
6,759
7, ICO

5,58
6,93
7,31'

40.5
6,541
4,263

28.8
6,437
2,403

30.4
6,304
3,377

44.6
6,400
4,273

50.7
6,499
3,734

(i)
0)

1,894

(i)
0)
2,229

(i)
0)
'2,892

(i)
0)
'5,692

2,040
4,102
4,504

2,244
3,931
4,030

2,807
4,435
4,430

2,499
5,366
5,353

2,860
5,128
5,106

3,012
5,851
5,842

3,801
5,776
5,776

3,694
5,463
5,718

0)
r

4,85

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft § number
Exports)
_.
..
do

490
295

599
372

665
235

808
383

802
284

938
334

697
287

509
366

645
458

574
344

597
481

593
571

4,265
1,521

6,299
1,382

8,774
3,523

9 877
1,558

9,005
1,096

8,859
132

8,449
93

13, 276

8,796
608

8,574
1,036

11, 177

9 405

611

17, 183
9,307
7,876

14, 609
6,463
8,146

11, 263
3,727
7,536

6,539
2 339
4,200

5,753
2,591
3,162

16, 857
7,071
9,786

19, 943
9,525
10, 418

18, 017
7,782
10,235

15, 912
7,246
8,666

17, 252
6,943
10, 309

21, 064
8,834
12, 230

18, 536
8 574
9,962

170, 151
96, 518
72,980

166, 922
95, 038
71, 241

166, 034
92, 744
72, 626

137, 961
71, 574
65, 774

109, 962
55, 797
53, 711

151, 899
89, 475
61, 933

152, 009
88,575
62, 928

160, 956
93, 350
67, 065

147, 186
80, 739
65, 939

158, 693
89, 541
68, 574

202, 793
118, 369
83, 815

236, 800
136, 464
99 582

162, 101

141, 977

42, 111

114, 874

221, 253

220, 941

253, 778

236, 871

248, 288

270, 487

243, 103

(a)
(')

(2)
(2)

(2)

(2)

(2)

(2)

AUTOMOBILES

Exports:
Canada:
AsSftTnhJp.rJ, total

iwmhfir

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
_.
numberNew commercial cars
.
do
Sales (General Motors Corporation) :
World sales:
By U. 8. 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

14 457

496

654
201,068

642

664

613

454

492

507

541

509

579

797

608

312

754

(2)

(8)

(2)

37, 619

37, 762

(')

(>)

(»)
(')

(2)

(2)

(J)

(*)

26 585
9,840
518, 736
417, 698
101, 038
2 408

21, 277
12, 677
391, 215
325, 676
65, 539
1,744

17, 930
8,739
344, 636
286, 040
58, 596
1,266

14, 468
3,397
231, 703
168, 769
62. 934

825

13, 993
1,510
75, 873
46, 823
29,050
1,075

15, 475
3,410
269, 108
224, 470
44, 638
1,356

21, 151
7,056
493,223
421, 214
72,009
1,759

23, 621
10, 814
487,352
407, 091
80,261
1,808

23, 195
23,364
27, 584
23, 710
26, 044
12, 093
12, 091
11, 653 r 11,990
10, 647
••462,270
483, 567 500,863 ••485,616 ••507,805
396, 531 ••411,233
374,
979
••394,513
••410,
196
87, 036 r 89, 630 '91, 103 r97,609 ••87,291
2,032
2 682
1,790
2 666
2,131

345, 748
51, 553

318, 615
43,504

315, 246
50,913

211,031
48,980

148,000
39, 224

290,495
48, 356

301, 430
46, 618

334.073
51, 095

299, 179
61, 712

300, 466 ••420,058
55, 900 ' 67, 798

489, 074
70, 269

(2)

79

71

(2)
(2)

235, 679

185, 548

167,310

110,659

24,019

124, 692

226, 169

217, 406

223,611

235, 422

226, 609

247, 683

255,887

217, 120
265, 750

171, 024
165,820

151, 661
173, 212

99,664
145,064

21, 154
100, 782

116, 031
97, 527

207, 934
186, 016

198, 064
181, 421

204, 473
174, 610

218, 578
168, 168

208, 214
187, 252

226, 592
253, 282

233,735
272, 853

157

140

126

151

178

190

183

179

207

214

210

240

162
89
172
131

139
86
165
117

101
93
172
120

147
98
196
126

185-

132
200
139

235
149
199
142

231
125
180
156

228
122
180
143

245
115
170
162

244
115
174
182

232
128
168
214

278
132
218
199

1,656

1,649

1,646

1,642

1,641

1,642

1,638

1,638

1,640

1,642

1,641

1,644

1,647

94
5.8
64, 027
49, 108
14, 919

164
10.2
15,039
9,772
5,267

153
9.5
16, 933
9,974
6,959

144
9.0
19, 765
13, 477
6,288

138
8.6
18, 456
12,278
6,178

131
8.1
16, 892
9,010
7,882

117
7.3
27,459
18,700
8,759

114
7.1
30, 184
22, 738
7,446

109
6.8
34, 202
25, 866
8,336

108
6.7
40, 030
26, 427
13, 603

107
6.6
37, 981
23, 787
14, 194

101
6.3
41,091
27,756
13,335

96
5.9
55,404
42, 162
13, 242

5,181
13.1

6,781
16.8

6,653
16.5
97
84
13

6,506
16.2
115
106
9

6,226
15.5
114
108
6

6,276
15.7
130
118
12

6,155
15.4

6,076
15.2
116
103
13

5,914
14.9

5,853
14.7
120
107
13

5, 812
14.7

5,704
14.1
166
148
18

5,535
14.0
211
189
22

RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars, end of month:
Number owned
thousands
Undergoing or awaiting classified repairs
thousands..
Percent of total on line
Orders, unfilled
.
cars
Equipment manufacturers ._
do
Railroad shops.. _ ...
do
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
number..
Percent of total on line
Orders, unfilled
number
Equipment manufacturers
do .
Railroad shops
_
.
do

231
201
30

88
70
18

131
122
9

115
102
13

132
113
19

(U. S. Bureau of the Census)
Locomotives, railroad:
622
645
354
460
515
232
277
272
152
269
285
146
Orders, unfilled, end of mo., total.. .number
602
575
415
252
244
315
124
209
243
468
126
251
Domestic, total
do
122
196
188
115
129
87
109
125
157
81
126
70
Steam
. .
. do
387
286
406
143
122
200
311
122
125
118
43
56
Other
do
65
68
63
44
68
54
52
73
35
37
30
40
Shipments, domestic, total
do
22
10
24
15
11
8
8
5
7
0
2
5
Steam
do..
55
49
46
57
48
23
39
30
46
40
44
35
Other
do
Locomotives, mining and industrial:
132
150
138
117
Shipments (quarterly), total*
number
55
58
79
67
Electric totalt
do
52
57
76
67
For mining use
do
92
77
38
71
Other*
do....
1
r
l
Temporarily discontinued by reporting source.
Revised.
» Preliminary.
Comparable data not available.
§ Designation changed from "commercial licensed" or "civil aircraft" (1940 Supplement).
^Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
1Data revised for 1939. See table 14, p. 17 of the April 1941 Survey.
•New series. Comparable data on total shipments are available only beginning January 1940. "Other" includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives; these are largely industrial; for data beginning with the first quarter of 1939, see p. 55 of the May 1941 Survey.




56

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- gather with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

194O

1941
May

July 1941

May

June

July

August

1941

tember

DecemOctober November
ber

Janu-

ary

Febru-

March

ary

April

TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT— Continued
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic
Passenger cars, total
Domestic

number do
do
do

3,262
3,061
6
6

1,588
1.478
' 5
5

1,543
1,543
28
0

2,356
2,356
12
12

2,888
2,836
10
10

3,704
3,586
10
10

4,134
3,981
8
8

4,624
4, 301
54
54

5,272
5 256

4,122
4 057

5 022
4 987

5 448
5 300

20
18
2

14
13
1

14
12
2

16
13
3

13
9
4

19
14
5

11
10
1

4
3
1

12
8
4

17
12
5

11
6
5

24
17
7

147
137
10

135
121
14

128
120
8

134
124
10

141
134
7

165
157
8

180
174
6

202
165
37

206
173
33

242
216
26

266
214
52

263
255
g

130.5

126.1

123.2

127.9

145.1
244.3
116.7
141.9
126.2
122.7

138.3
223.8
115. 7
134.0
121.3
125.0

133.5
139.0
115.8
137.3
125.6
122.8

139.5
181 5
126.1
140 3
118.4
121.8

105.4
123 3
130.5
171 0
115.3

105.1
118 8
148.2
152 7
115.8

105.6
122 9
147.4
153 6
118.9

108 1
127 2
169.2
150 0

146.9
168.7
94.9

59.7
44.3
97.8

50.8
33.5
93.4

113.6
117.8
105 4

108.3
84.6

108.2
85.2

108.2
85.9

108.6
86.6

134.2
83.0
142.5
167.6
149.5
160.8
88.7

135.2
82.5
147.4
169.1
148.6
147.0
89.4

135.3
83.0
150.8
168.7
150.2
145.7
90.5

2,941
79

2,540
105

2,838
90

2,984
67

o
o

2
2

21
21

18
18

( U. S. Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total
Electric
Steam .

.

nnmbfir
do
do

INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS}
Shipments, total
Domestic _
Exports

-_

_. number
do
do

CANADIAN STATISTICS
Physical volume of business, adjusted:f
120.9
128.6
130.1
117.8
120.0
129.0
129.7
Combined index
1935-39=100..
128.3
Industrial production:
131.9
132.1
146.9
143.9
148.6
128.8
146.4
140.6
Combined index.
do
130.2
139.9
157.4
278.2
223.0
143. 4
169.3
187.4
Construction
do
119.4
128.6
124.2
123.0
108.8
109.0
111.4
114.0
Electric power
do . .
133.8
129.6
128.6
146.4
146.9
143.9
148.6
142.3
Manufacturing
do
137.3
120.8
136.0
123.2
134.4
132.2
124.7
117.2
Forestry
..
.do
126.5
120.5
117.1
142.3
124.4
137.3
128.0
123. 5
Mining
do
Distribution:
102.1
102.3
98.2
99.0
99.2
99.3
100.3
107.1
Combined index
do
126.8
120.0
107.2
117.1
114.9
108.8
114.8
125.1
Carloadings
do
139.3
142.3
154.2
153.4
135.5
119.3
132.7
119.9
Exports (volume)
do
130.6
124.6
141.4
125.8
128.3
148.8
136.0
171.6
Imports (volume)
do
109.9
109.2
110.6
109.8
112.3
112.5
112.8
116.8
Trade employment
do
Agricultural marketings, adjusted:!
167.0
143.8
116.9
118.2
77.3
146.4
132.8
74.6
Combined index
do
141.2
185.3
167.3
127.3
59.5
65.6
123.0
162.9
Grain
do
123.3
92.2
105.2
87.9
113.0
110.5
106.8
107.0
Livestock
do
Commodity prices:
105.9
105.6
104.9
104.9
106.4
108.0
107.0
107.8
Cost of living t
do
82.4
82.1
82.7
81.6
83.1
83.3
84.0
84.2
Wholesale prices
1926=100..
Employment (first of month, unadjusted) :
114.3
127.9
124.7
120.9
131.6
136.2
139.2
139.1
Combined index
do
68.4
121.1
105.0
90.5
114.3
120.5
105.9
121.1
Construction and maintenance
do
130.3
125.7
129.2
134.4
143.8
144.7
138.4
144.6
Manufacturing
_do
167.2
164.5
166.7
168.1
170.2
174.0
172.3
172.6
Mining
do
149.2
142.5
138.2
147.3
155.4
157.1
148.8
147.8
Service
do
138.3
141.4
142.8
140.7
154.4
142.9
146.8
148. 9
Trade
do
93.7
90.3
88.8
92.5
94.8
94.6
94.3
93.5
Transportation
do
Finance:
2,682
3,208
2,623
3,340
2,458
2,571
3,527
3,049
Bank debits.
mil. of doL.
84"
99
100
91
95
92
86
66
79
Commercial failures
number
Life-insurance sales, new paid for ordinary!
thous. of dol.- 36, 172 31,779 28,530 28,159 24,698 26, 156 31, 210 32,899 33, 727
Security issues and prices:
115, 119 480,819 75,793 83,162 84,668 404, 627 108,976 108, 576 330, 167
New bond issues, totalf-do
101.4
101.1
99.8
98.6
97.0
100.0
98.9
98.0
Bondyieldsf
-.1935-39=10073.3
65.5
74.2
75.8
66.1
70.3
69.3
74.5
Common stock prices t
do
Foreign trade:
Exports, total
.thous. of dol-. 162,663 110, 764 111,622 101,463 111,360 102, 778 106, 791 118,404 98, 711
11,868
11, 762
11,401
13, 570
9,659
9,500
17, 278
Wheat
thous. of bu._ 29,623 23,466
314
723
509
346
576
551
750
683
Wheat flour .
thous. of bbl.
Imports
thous. of dol— 128,096 100,537 90, 705 89,496 96,836 86,287 108,645 102, 284 102, 302
Railways:
248
237
240
256
252
281
231
259
Carloadings
thous. of cars. _
Financial results:
34, 630 36,914
38,398 37, 409 37, 319 40,504 38, 869 40, 221
Operating revenues
thous. of dol
30,402 30,240 29,463 28,573 26,964
27, 303 27, 557
28,602
Operating expenses _._.
do
6,042
5,760
9,944
5,166
6,248 10, 257
7,657
10,024
Operating income
do .
Operating results:
3,260
2,930
3,772
2,987
3,385
3,504
3,547
3,371
Revenue freight carried 1 mile mil. of tons
219
141
180
172
278
248
190
158
Passengers carried 1 rnile^ . Tnfl. of P&SS
Production:
Electric power, central stations
2,672
2,579
2,487
2,615
2,525
2,584
2,500
2,400
mil. of kw.-hr
114
93
89
89
105
96
109
110
110
Pig iron
thous. of long tons
174
165
170
166
185
185
172
206
176
Steel ingots and castings
do
1,223
1,170
1,291
1,636
1,283
1,873
1,076
1,588
Wheat
flour
thous. of bbl

28,326

31,500

33,700

35, 398

84,235
96.3
71.3

115,271
96.1
66.5

42,524
95.8
66.8

78,830
95.9
65.8

88, 953
4,880
355
98, 382

100, 532
9,460
607
89,632

102, 995
11,623
559
107, 982

118,425
20,322
850
106, 268
252

229

218

250

36,113
29,224
5,095

34, 620
28, 558
4,318

40, 613
30, 941
7,313

3,131
201

3 127
217

4,001
218

2.635
103
186
1.177

2 407
91
173
1,462

2 632
102
195
1,477

2 693
103
201
1,661

' Revised.
fData on life-insurance sales revised beginning September 1936; for revisions see p. 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p. 58
of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base; earlier data for these series will be shown in a
subsequent issue. Common stock price and bond yield indexes have been converted to the new base by multiplying the old series by a constant. The production and distribution indexes have been completely revised and no comparable data prior to January 1940 are available at this time. Complete 1940 data for production and distribution
indexes are shown on p. 56 of the April 1941 Survey.
tBeginning with July 1940, data are reported by the Industrial Truck Statistical Association and cover reports of 8 companies. They are approximately comparable with
previous data which were compiled by the Bureau of the Census.




INDEX TO MONTHLY BUSINESS STATISTICS
CLASSIFICATION BY
Mo&tMy twtttteM statistics s
Business JiwJexet., »,..........,,.,,
Commodity prices,.- ,,.-„ ...
Construction stKi real estate«...
Domestic trade,,.............
ecmditlcmt ai

Deposits,
»,,«,,
Disputes, industrial,
l>ividex&d declaratic
factory, sversage weeMy
Eggs sad
Elect
fi^ectrkr p^wer

at
23
2S
30

Fot«tcn trade...
tSOSXf^

Statistics on i&cltvi£i&&l isiclu^'*
tries i
Chemicals &&<! allied prodocta..
Electric p&wer and g^s«.„»,,,,,
Food^tuSTs au<i tobacco^ ,,„...
Fuel* «sd
foypr^iueta.........
Lumber saad i
.
Metals and msmufacturea:
Iron atsd *teel*»^^~»-.~». ...
t^tsfetrout sse^I* ^a«J prod*
F%psr aad jpsmtmg^^

Factory^
Factoty, by i

Sf

31
29,30
02.44

41
2S
25,26,27

secuxity
isnmigrataoss^^
41
41
4S
40
47

32
33
30
37
wages * » . .w ^5,
26.27,28. 29,30
1TaarcfaM*$ rc^ali price
'
21
$%m* wifcge*..**-,—*,.*
30
Fartdi p^ees,
21
*
,..w^» .»..».... 33, 34
Federal-aid highway* and grade c*assi»fi~» 22»23
Federal Reservefeaaloi,etmditi^i of^^. ..„ ..
It
repordac member feau&«^.«* 3 1

Uni

40

49
50
SI

S2
$4

§tcaa«* el»y» and glass pr<xftsetsu
Textile imxJucts- - ,

States

.^.«^.».»-.........».>.^.^. ..„„
Hew Tork* empia^t»esit$ pay roH«* wagesHew York caual traffic.................
New York Stock Rxefe&isge „,„,„,_,_„,,__„
»«*^
OMo, e
Ollm ans!

35,36
43
40
20
40

..„.......»...,......... . .
Paper st*d pulp* ... 19, 20, 2!* 22, 26, 3&*
Passports iifcatiied^-,
Pay rollsr
Factory, ^y citle* and States^
Factory, fey Induatric*.
..........
s employmeat, payroll** wagetsu

?

24
38

as
27, aa
as

27,
20,30
*»^»«
, 21, 26, 27, 28, 29 33,46
'
4a
49

.
Postal

Canadian atatfotfc*

b o^t mz

CLASSIFICATION, BY
Abrasive paper «ad doth (coated).
52
Acceptances, bankewV....... _,,..
SO
24
---.«.»---.-«.-.-*»-.--«
19
Agrtcuitiiral catt* income..,.,.......
Agricultural products, fbcetgn- trade.
37
39
,..,.,....,.
Air-cofidi tioaiag e^i^pment.,. .. ......„„,...
SO
Air mail aud alr-Bae operations „„..»___*»*.„ 34,3$
Aircraft^, ...... ,.™,.™... 19,00,26,28 39,55
Alcohol , denatured, etbyl* BMAttanolU. ,....»
vM
Alnwiwim....,;................,,.....,,.
4$
Animal fata» •«««*...........,... ._.*,.,*, 3§»40
Aatiwadte..*....™.......----. 30,21,27,39,45
Apparel* w«onagw . . ... „.. 31, 32* 24, M* 28, 23, §4
&«pMt-__.™™»,.™,.,_™,»_™
46
Automobile*. . - . - . ~. IP, 20? 21 , 24, 20S 2S? 2§, 37, S5
Automobile accessories and part$» ,,.„„.,....
-5$
Barky™.™™™,™,,,™.™.,,,..
42 •
Bearing metal^,....................,.....,,,
40
BeeC and teai...... .,.,....,,.,..,............ 44
..
1, 37, 38,

34, 35,
Boxes* paper,,
Brass asxd !»
.«.
Brokers* !
.
.
,
Bialdsag coa tracts awardb<i.,»
Buildlsg teoit»,»
Building-material prkes»»
Caaa! trafi&e^
Capita
.»-»<.»
For productive tsse«,^
CattJe aad eal^e
CeMiilo«e plastic
Cement.

.,
32,37,

51
S3
SO

43
45
»3S
35
38
43
41

42
Cheese
.
•
Chemicals. .. ™., . . 19, 30, 21, 26, 28, 29, 3133, 39
4S
Cigars aad clgarettes^,,^^^,____......„».».
27
Civil-sefviee employees__,*„»._____„„.„...,.,.....
Clay products- - -____^ ^ 19, 20 1 2% 28, 29, 31 32 , 53
Clotting <see also bdslery)... . . 2is 22, 24, 26,28, 29
CodL™ ..™.-™™-........ ... 20, 21,27 20; 45
44
44
Coflee.
46
Contracts awarded..
_ _ _ »«^^^^,^
«
„
, __ _
Highways and grade oxsssm^^ .-^. »...», 22^ 23
Wagerat^^*^_____....___..............
30
Copper«««____....^...-.. ................ 49,50
Coppj^ sctd cocontit oil „ . .„.».»» .;___-»«~*
40
.....».. ..... .„.»„,.. 42,43
»54
Cottoa,
*
CottojEfegeed* uafce sad meal, $M^,, .___.
.
19, 40, 42, 43, 45, 54
..™..™,...... 33
Ccnrretkcy ia circul^
, ____ ^ » ^ ^ » «
...
Uuited States Qovcnuneaatt * -...»^..33
Ddlawafe^employineattpayrolls^wageii^^- 2Jf SB, 30
Department storees Bales, stocfe^collectioaa. . . 2S




40 45
40
47 48
43
«..«».w,w ™.M.. ...... r t at»
22,24,26^^29,31,32,33,37,41, 42,43,44, 45
twe^..»«_ ...*.....-* 19,20,23^26,28*29, 47
Foreclosures, real «ftate»* i»..j. •«.....»..
ear*
55
Fresght carloadl-figs,
38
.
38
Fruits m<l vegetables
2i 42
..
§0
30,21,
Funwtttre.
41

Radio,
..... ..............
Railway*, operatt0xt% e^^pmeatt, financial
statistics, employssi«Bt» wages . ..........
20, 2?f mf SO, 34, 3$, 3§» S«,
RaHway§s tlx^t C««^ ttreet raliwayt, etc*)*

,j>» mde_
Eetal! trades
""""" ~""
———
Automobiies, aew ps^ifeemig^............
" i sto^»t variety <5»gmdt*i0)s grocefTs

<Matt», edSMe..........................
45
General Motors sales, _ „,.*„„ ..... .......
55
Olass m& ^astwa^g«^».,.».» 19^20,26,28 29,53
Gloves aad mittes*..*....*.^.^.^,.^.^^*^^
47
Ckfd..,— ..................___....... ___ 32
24
...
21,35 42,43
53
.
46?47
«d
43
.....
Home-loati
3E3
"
t§
54
3S
...................
~~~~
,
IBmois, «mploym«stj pa^ rollt,
»« 27,28,30
Immlgraticm aad emigration » ..

River
^
Rubber, crude*
tubes,,____:...
Savings
Slseep

Income
iBcome^. . . . .
Incorporations,, business^ new.
Imdustelal fcodiu^
Instalment loMgas-.
ew
..-.;.
Znterett-mut mcmey ira

. ....
Steel sad iron (see Iron nixd st«el>»
Steel,, «pcrap, exports aa4 imports.^
Stockholders. .
'
Stocks,
. .
Stocljs, issues* prices* sales, yield*.
Stoae* clay, and

If
$3
24
19,20
31
25
3-2
31

', 21 »*32* 25 *3tf, 37, %$f 20* 31 Ji% 3§, 48,49
Labor,
Lairib imd muttbtt
44
44
..
~~. .
20,50
Lead .
.........
* 22, 26, 20, 2§, 31, 38". 47
, cafee, and tnwtf......____..... 40
»-^^«^*^«^^ 43,44
' l, Brokers*- 23 36f 31
55,56
^.. -....54
Looms* woolea, activUy.
.
.
.
.
.
. ......-... — .........

46

t*u«H*NBr......w.... 19, 20, 21,25, 26, 28, 29S 47, 48
54
Machine activity, cottoss wodl»* ^..*»,^^«^«
-

....™......
Manufacturing UMtene*.,.
Maryland, employment, p^F rotte ^
pay
Me»fei and meat paetof»

Milk*

.,,.
« ^ . 19, 20
^«» 27,2$
l!s?
27, ^8, 30

39
-.
New Jes«ey*emp!oymaEst, payrolls, wages . 27, 285

24

. as
&

M

43
38
41

^^^,..,^*^.^
footwea?* tlstsi

at

44
J 28,29
,2»,47
S 22»S4
33

46,47

ao»a6»as,29»
48
36

,32, S3
,29,37
44

Street rmlways ^i<

......
ra4lo»

44

TeslSiSriLZriTorairiirai^ii^ao, 31^32! 54^ ss

Tile.. *.......,—....L..,...,,,...-...,
Tin..........................,..;.,.......-.
Tobacco^
Tools* i
T'^a«r«»i ___ ^»«^,«««««^«^,*^_m «.^^«^^«.».»»..
._
i »«

S3
$®

-3i»

56
Trucks and tractor^ lutiiistnai, electric ....
33
United States Oofemsaetst bcmda..........
United States Go^emmest, fi»aiiceB«*«^*»^33,34
United Stat^ Sts^i Corporation,.. _ _ _ „ . 36,49
•Utilllieai... ....-,—... 25, 27? 28? 32, 33, 34*
Vacuum
24
40
Vegetable c2te,
21,42
Vegetables and
29,30
Wa^es, factory , sad
24
Warehouses, space occupied
3B
Waterway taraffle, „,. .......
37, 43

w&emt fiottr

9, 32,33, 48
...." 39
.,—
33
*..»
42

SI

,S4
34
si
ss
ai

.............
Corpcapata<m» leans.

21,22

SO

Wire cloth— .„,.„..____...
is, factory employment, pay
Wood puU>.

as, 30

ao

23, S4
S-

industrial
U* S*

OF

BUREAU OF FOREIGN

TMa service was teamgnrafed to provide oamprelieiimw
eni data that can be
for
it consists of a
gi reports, Issued In 14
by commodity groups* Hiese
cover Important com*
moditf and mdiistrial developments In Ike United
and foreign comitries, Hieit sabfect
indtades data
on production, * distribution .prices, standards and speclficaMons^ export and
trade* foreign tariffs and
regulations as applied to ipeeifia conmiodMtei* tike of
research
market

The 14 parts into wltidb'1h0 Industrial

is

are**

Fart 9: Ammaafioal
^Pf^QPDrOTS, Fait 1 1 Industrial
product; raHway ^|nipm0nf; mote Yelslcl^ mol^dlug cycles and
chemicals and allied products; organic ciiemical products;
mating Mgkway products.
and toileky products; plastics; paints asd allied products,
tlom products*
FOODSTUFFS, Part •?:;Oas3&edl ami dried foods; gralm prodmcte,
imdbdtnf Eoi^ctiltea% M^J^i Mt^tc^ki late| oi^i sugat products;
tropical products; perishable prodtacts.
FOI^T FHODIICfS* F«sft 4? litsnter aad allied pmdnctsi pulp
and pap^r pf odfi^ c^tk*
I^HHf EE JIHD ITS FBOP0CTB, Fa^t S : I0a&0r mw mateiiafe
ieatiier and leather xnanulactures.MUCHlliEEY HHB
F<irt 8s %40iilteal| com*
structiort and cocveymg; metal working; other induttiial: power
piantog;
and
MI^JEJRALS, F«nt f t Iron a&d
foieigm -con*
fuels; hardware; &oja£erious metals; nonmefallic minerak,
MOTIOH
JWB E00IFME3TT, Fc^t Sj
cameras; projectors; sound equipment; educational and industrial
pictar-es; Mm markets,

ITS

Part 10; Crude and

t|

OLHY,
and otk0t clay

Fart 11 :

Fart 12: Cotton maimksli goods; raw cotton;
and Imter0; silk, rayon* amd
tto
produetei wearing apparel; tes;
l! floor C0wd2ig%* lin^msi
MID ITS
tobacco maimfacte^ cigars and
fraats; labors,

Fart 13: JL0al tobaoaos

SFEOIAI* FRODUOTS* Fart !4i Jimusamemi atMettc* and
gooda^ firaarmsi mtisloci! instruments; brooms^ brumes; toile!
fire e^mguistars aad safety devioesi grapMo
jewelry;
amd siOYeltiesj sctentlfia and proiessiomai goodti
piiotograpMo maierialB; fays*

flie IsiJii^iM QgjwBBe* ,8iariiot It dislrllm^i primarily
toougk
subscdp^om. l&e 0ntlf0 semee, 14 parti, Is avaslaHe atflS
pet year* Smgle paifei aib a^^idble at $i per yeaf eatcepl MacMaery
wMck are $2 per year* amd Chemicals wMck la $4
per y$ar» Stii^cripMoiss m§ty he ^mtered for ^10 entire setvicer lor a
part, or lor any combination of parts* Single copies ol individual
reports are available at 10 atm^$&&k* laoh report is issued in standard format* paper ®$m is 8^1 Ell tnolieSf punofeed to a standard tlsree
ring blader* B^idert ax* not a?a&aH« fcomgn to Bureau ol Foreign and Bomestis Commerce but may be
from most office supply
firms, f &• ir^ mafeg ^ inale^lal was October 2% 1940* Hiereateg material comprising each o! &e 14 parts
ma^ed,
on f netdays, Th®m wlio smbsorfbe to Hie whdb ser?ic% 14 parts, do, ther0for0? reoeiire
material 0aoE -week* On tiae other
Hiose wlio smfesciibe to a single pax^ or to two of ttrae paiis* do mot meoessarily receive material e^ery w©ek* Homyeir0r? all material received
by tlie Bureaii lor imctelam lii any part of Hie senrioe ia ©dited and released as rapidly as

BII^ORIFTIOH
0 lofwcmled



money ordeir payable to the Bureau al Foreign and Domesiio Commerce,
TJbe service is MOT available iteougli ttie Supesiut©Bdent ol Documents*