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SURVEY OF
CURRENT
BUSINESS
JULY 1942
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
George Is Busy Doing Something Else
Have you ever wished YOU could do something more to HELP WIN THIS WAR?
How many times have you made this wish only to rely on the old standby of "letting
George do it"?
Today, George is mighty busy doing something else. He is busy making planes and
tanks and guns and, for a change, is depending on YOU to do those very things you
used to expect him to do,
A Neiv Booklet . . •
SMALL TOWN MANUAL for COMMUNITY ACTION
has been printed and is ready for mailing to you, without any charge, promptly upon the receipt
of your request. It will show YOU (and George too if he wants to come in on the game) just how
more can be done to help win the war. There is nothing really spectacular about the booklet or
about what can be done to help win the war. It means just one thing, WORK. Work along planned
lines, work toward a necessary objective* work by individuals, work by individuals cooperating for
community effort. It is packed with practical suggestions. It shows how you can help win the
war at home and how you can help to improve business in your home town. With George doing
something else maybe you better get a copy and see what you can do.
BUSINESS CLINICS
Many of the answers to perplexing problems of allocations, curtailed services, increasing expenses,
labor shortages, price regulations, priorities, rationing, stock shortages, substitute products, and
taxes, to mention but a few, may be found through the medium of local wartime business clinics,
A short statement outlining the procedures to be followed in conducting local wartime business
clinics has been prepared for your use. It describes the clinics, pointing out what can and what
cannot be accomplished, and suggests ways and means of meeting the problems of present day
war conditions.
Copies of the SMALL TOWN MANUAL and WARTIME BUSINESS CLINICS may be obtained, without charge,
from the Bureau of Foreign and Domestic Commerce, Washington, D. C , or from Department of Commerce Field
Offices located in important industrial and commercial centers throughout the country.
SURVEY OF
CURRENT BUSINESS
JULY 1942
ECONOMIC HIGH LIGHTS
2
THE BUSINESS SITUATION
3
Copper
6
Steel
7
Food supplies
9
DISTRIBUTIVE COSTS OF CONSUMPTION COMMODITIES
12
STATE DISTRIBUTION OF INCOME PAYMENTS, 1929-41
18
STATISTICAL DATA:
Sales of paint, varnish, lacquer, and fillers—table 14
Monthly business statistics
General index
26
S—1
Inside back cover
Published by the Department of Commerce, JESSE H. JONES, Secretary, and issued through
the Bureau of Foreign and Domestic Commerce, CARROLL L. WILSON, Director
Volume 22
Number 7
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS, 32 a year. Single-copy price: Monthly, 15 cents; weekly, 5 cents.
Foreign subscriptions, 33.50. Price of the 1940 Supplement is 40 cents. Make remittances only to
Superintendent of Documents, Washington, D. C»
468808—42
1
1
SURVEY OF CURRENT BUSINESS
Julv 1942
Economic Highlights
Foreign Trade Dominated by Shipping, War
War Orders for Wool Cloth Exceed Civilian
Our export balance continues to increase under impact of
United Nations' war needs. Exports exceeded imports by 1.25
billion dollars in first 4 months. Export balance of perhaps 4
billions possible this year . . . would equal previous dollar
record, and if adjusted for price changes, would constitute unprecedented net export of goods. With our industrial and
agricultural output vastly expanded, we are also sending an
Army requirements account for increasing proportion of unfilled order backlogs of mills making wool cloth for men's and
women's wear. Civilian output is restricted by drastic quotas.
Limitations upon use of wool in civilian apparel have recently
been amended to provide for greater blending with reworked
wool, cotton, or rayon. New wool for our armed forces is
unrestricted . . . large Army orders have been placed this
MILLIONS OF DOLLARS
800
MILLIONS OF LINEAR YARDS
125
!
00
600
EXPORTS, INCLUDING REEXPORTS
T^^^^tf~
75
50
z^^^^^^^^^^^^^
25
1
0
1939
1940
1942
1940
0 D. 42-236
1941
1942
!
DO. 42-255
Value of Exports, Including Reexports, and General Imports
Unfilled Orders (119 Mills) for Wool Cloth for Men's and Women's Wear
increasing proportion abroad. About half of exports are currently made under provisions of lend-lease. Military goods
constitute an increased share of lend-lease transfers. Imports
approximated last year's value . . . 1 billion dollars in first
4 months . . . but were lower in physical volume. Imports
increasingly represent only most urgent war and civilian necessities. Some areas that supplied vital materials are no longer
accessible. Chief limiting factor, however, is shipping, since
large supplies of needed materials are still available to us abroad.
year . . . wool cloth production for men's wear has advanced
to high levels, is increasingly for military consumption. Proportion going to armed forces in 1942 promises to exceed 50
percent . . . one of highest conversion rates among nondurable
manufactures. Basic reason for civilian cutailment is conservation of raw material, reflecting uncertainties of shipping for
imports. Reduced civilian output of cotton textiles, in contrast,
results from capacity limitations, and heavy military and other
essential requirements.
Lake Ore Shipments Crucial Link in War Output
Increasing consumption of
iron ore, reflecting growing
blast furnace capacity, is due
to larger demands for pig iron.
Additions being made to steel
furnace capacity, in order to
meet vast wartime steel needs,
require more pig iron and
scrap. Steel industry itself
(in converting crude to finished steel) is major source of
needed scrap, but also must
have more from outside sources
. . . lacking enough scrap for
mounting requirements, must
rely increasingly upon pig iron
to make up the deficiency of
scrap supplies. More iron ore
will be needed for iron and
steel this year than last . . .
MILLIONS OF LONG TONS
50
STOCKS AT FURNACES AND JL
LAKE ERIE DOCKS s.
f
\
(END OF MONTH)
>i^
*
\
30
\ I
20
SHIPMENTS BY LAKE FROM
UPPER LAKE PORTS
\T
11
CONSUMPTION BY
FURNACES
10
1940
1941
1942
Shipments, Stocks, and Consumption of Lake Superior Iron Ore, United
States and Canada
and still more in" 1943. Lake
Superior is chief mine region.
Ores from other mines, shipped
the year-round b}^ rail, supply
only about 15 percent of total
ore. Lake Superior ore can
come down Great Lakes only
from April to November . . .
must provide stocks for winter
consumption. Strong stock
position has been maintained in iron ore. New boats
are building for the ore fleet.
Large numbers of small carriers
also have been diverted to the
ore trade. June shipments
raised season total to 34 million
tons, 18 percent ahead of 1941.
Goal is 89.5 million tons this
year.
SURVEY OF CURRENT BUSINESS
July 1942
The Business Situation
T
HE Nation took stock of its accomplishments in
war production last month, as striking gains were
revealed. Knowing that the task of production is not
completed until the goods are delivered to battefields
that span the world, it found especially heartening the
report of progress made in ship construction, even
though still far short of the necessary goal. Although
war production is now far advanced, further records
must still be achieved in the output of arms for the
fighting forces. It is becoming increasingly clear that
after everything possible has been done to stimulate
output and imports of materials and likewise to reduce
consumption requirements and waste, the whole broad
problem of allocating scarce materials and productive
facilities among essential needs and of rationing scarce
goods among consumers emerges as the central problem
of the wartime economy. To do this equitably and
smoothly and at the same time maintain a proper
balance between various types of competing requirements indeed calls for the highest type of foresight and
understanding.
Cargo Ship Construction Points the Way to Victory.
The Maritime Commission, in a significant announcement early this month, revealed our progress in shipbuilding during the first half of the year. The total of
228 ships of 2,544,000 deadweight tons delivered in
that period represents about one-third of the goal of
8,000,000 deadweight tons set for 1942. Ship deliveries
in June were 66 vessels of 732,000 deadweight tons.
Over the balance of the year, merchant vessels completed will average over 900,000 deadweight tons
monthly, it was confidently anticipated, if adequate
supplies of steel plates and shapes for shipbuilding can
be provided. The objective for 1943 is at least 15,000,000 deadweight tons.
Table 1.—New Cargo Ships and Tankers1 Delivered by United
States Shipyards
Year and month
Number
1941, total for year..
1942:
January
February
March
April
May
June
Total for 6 months.
Deadweight
tons
1,088,497
197,628
289, 549
291,473
401,632
632,304
731, 900
228
2, 544,486
1
Oee'in-going vessels of 2,000 gross tons and over.
Source: U. S. Maritime Commission.
Table 1 indicates the sharp upward trend in ship
construction which has been established. Technical
advances in the methods of shipbuilding are contributing greatly to the gains shown. Adequate supplies of
materials and equipment, however, still constitute a
vital problem. Each cargo vessel of the Liberty type
requires nearly 3,700 tons of finished steel or about
5,300 tons of steel ingots. But the steel must be
provided largely in the form of plates and structural
shapes. Hence the capacity of the industry to roll
plates and shapes has been a bottleneck, but is now
being enlarged by conversion.
War Production Gains its Stride.
The President's statement that in May factories in
this country turned out nearly 4,000 airplanes, more
than 1,500 tanks, nearly 2,000 artillery and antitank
guns, and well over 100,000 machine guns and submachine guns points to the favorable production situation. That the battle for production is being won, is
indicated also by the Federal Reserve seasonally adjusted index of industrial production. Although there
was a 1-point set-back in March, it was followed by a
clear recovery of 2 points in April and 3 additional
points in May. The resumed forward movement was
further extended in June according to preliminary estimates indicating that the June index reached 180
(1935-39 = 100), up 4 points from May and 13 percent
from a year ago. The output of durable manufactures,
(a group in which consumer goods now form an almost
negligible, and war products a major portion), increased
7 points or 3 percent from April to May. Transportation equipment, which includes airplanes and ships as
well as other war products, increased the most—nearly
8 percent in a single month.
The May increase in production was accompanied by
an increase in total civil nonagricultural employment of
nearly one-third of a million, bringing employment to a
new peak of 41,200,000. The previous peak of December 1941 was exceeded by 121,000 and the level of
May a year ago by 2,299,000. Almost half this increase
over the year interval occurred in manufacturing industries. Shortages of materials and lay-offs in plants
converting their facilities to war production continued
to cause employment reductions in many durable and
nondurable industries. Among them were cutlery,,
hardware, plumbers' supplies, radios, typewriters, and
rubber goods. Gains in industries geared to the war
effort, however, more than offset these declines. For the
first time since last November automobile plants reported an employment increase (5.6 percent over April)
indicating a stepping-up of war production in converted
plants.
SURVEY OF CURRENT BUSINESS
Recession in Retail Trade Continued.
Sales of all retail stores during May continued the
downward trend which began last February. Total
sales amounted to $4.4 billion compared with $4.5
billion in April. After making allowances for the large
price increases during the past 12 months, the physical
volume of retail sales is roughly 21 percent below that
of May a year ago. Sales of durable goods stores declined slightly in contrast to the usual seasonal rise from
April to May, most of the decline occurring in household
furnishings, building materials, and hardware. The
effects of production limitation orders of the last 9
months are being more strongly felt. Installment
credit regulations are an important element in reducing
the sales of housefurnishings. While retail employment
has remained fairly constant, employment in wholesale
trade fell contraseasonally by more than 1 percent.
July 1942
which consumers spend around 5 billion dollars per
year. Each of these establishments is automatically
licensed as a condition for doing business and each must
file with the OPA no later than September 1 a statement
showing the highest March prices or the pricing method
used.
Inflation Still a Threat.
The General Regulation has been in effect since May
11 for wholesale prices and since May 18 for retail
prices. With services now included, it is opportune
to examine the effects of general price control in the
initial stage. Inasmuch as a number of price groups
are excluded from control it has generally been expected
that both wholesale and cost-of-living prices, on the
average, would continue to rise in some degree over the
highest levels attained during March.
For the week ended June 27, the weekly general
Consumer Services Placed Under March Price Ceilings.
wholesale price index of the Bureau of Labor Statistics
On July 1, consumer services, rendered in connection was 98.4 (1926 = 100) up 1 point from the highest
with a commodity, were brought under general price March weekly average, but down slightly from the
ceilings by a new order—the Consumer Service Maxi- peak reached late in May. During June this index
mum Price Regulation. Services now must not bewras fairly stable at approximately the mid-April
offered to the public at more than their highest March average. Compared with the highest March prices,
price. The new order was issued to meet the different food prices were up 4 percent, and prices of farm
problems involved in controlling the prices of services products, leather, textiles, metals, and chemicals wrere
and to make more explicit the services excluded from up fractionally. The prices of building materials,
price control. The latter are derived from the broad however, were slightly belowr the highest March prices.
categories of services specifically excluded by the The cost-of-living index of the Bureau of Labor
Emergency Price Control Act. Among the service Statistics reached 116 (1935-39 = 100) in May, an inprices excluded are wage rates, transportation and other crease of 1.5 percent from March and an increase of
utility rates, professional and personal service fees, and a little less than 1 percent from April. All the major
insurance rates. The new order and its amendments groups showed some increase over March with clothing
list these and others in considerable detail.
and food prices leading the rise.
Despite the extension of price ceilings to include
In addition, the new order sets up the procedure
to be followed in the case of new services or those which, many services, it must not be concluded that the battle
being seasonal in nature, were not offered during the against inflation has been won. It would be nearer the
month of March. Wherever possible the charge is to truth to say that the battle has just begun in earnest.
be determined on the same basis as the charge for a The effectiveness of the price ceilings that have been
similar service. A cleaning establishment that cleaned established by the OPA depends upon two things.
no summer clothing during March, for example, would First of all it is necessary that the Administrator have
determine its ceiling for such service by using the March a large and well-trained force whose duty it is to forcost of cleaning winter clothing insofar as operations mulate, administer, and enforce the various price regulations covering almost the entire field of business. On
were similar.
The price of many services, however, cannot be many counts, including size, complexity, and intimate
calculated in this manner. Consequently, an alterna- relation to many vital business operating problems,
tive procedure was established. The maximum price direct price control is one of the most formidable
is not to exceed the sum of the following items: (1) administrative tasks ever undertaken by our Governthe direct labor cost, using the highest applicable wage ment.
Second and more important is the accomplishment
rate paid by the seller during March; (2) the cost of the
material, which must not exceed the price ceilings; and of the remainder of the program which the President out(3) a percentage mark-up equal to the seller's mark-up lined in his inflation message of last April. These refor the most important consumer services offered during maining measures include the stabilization of wage
March. The seller must also continue to grant all cus- rates and stabilization of farm prices at parity levels.
This latter step thus would alter somewhat the special
tomary discounts or other allowances.
The Office of Price Administration estimates that treatment afforded agricultural prices in the Emerthe order affects close to 1,000,000 establishments in gency Price Control Act. The President also urged
July 1942
SURVEY OF CURRENT BUSINESS
more stringent measures to remove a large amount of
excess purchasing power.
As the situation now stands, these companion measures needed to support and complement direct price
control by the Office of Price Administration have not
been forthcoming. Hence our antiinflation defenses
still have gaps so large that the danger is still serious.
It is worth repeating that the battle against inflation
has many fronts and that it can be lost by a break
through on some unguarded front.
Wartime Exports Attain Record Volume.
Lend-Lease countries) amounted, through May 1942,
to nearly 4.5 billion dollars, and of this sum 1.9 billion
(42 percent) were concentrated in the last 3 months
(March-May), showing the rapid acceleration of the
program. Not only has Lend-Lease aid increased each
quarter since its inception, but the proportion of fighting weapons in this total has also increased, as illustrated in figure 1. Whereas last autumn the major
portion of total transfers consisted of foodstuffs and
industrial materials, during recent months military
items have accounted for more than half the total
transfers.
A record high export balance is being established for
1942, as revealed by the widening gap between exports
Figure 1.—Percentage Distribution of Transferred Lendand imports shown in the figure on page 2. The export
Lease Goods
balance amounted to 1.25 billion dollars in the first 4
PERCENT
months. Since imports are only slightly below last
^ \ ^ v \ ^ AGRICULTURAL COMMODITIES ^
year's level, this tremendous balance is chiefly due to
the upsurge of exports. The all-time peak for a similar
period was 1.54 billion dollars in 1919 when export
prices were 64 percent and import prices 76 percent
higher than now. In terms of 1942 dollars, the export
balance for the first 4 months of 1919 was less than 1
billion.
Our exports indicate to some extent the direct material aid, exclusive of supplies to our own forces, which
the United States is contributing to the common war
1941
1942
DO 42-243
effort. For the January-April period, the value of our
Source: Otficc of Lend-Lease Administration.
total exports (including reexports) amounted to 2.3
billion dollars compared with 1.4 billions during the Essential Imports Well Maintained.
similar period of last year, a rise of 65 percent. These
General imports, on the other band, have remained
exports constitute an increasing share of our gross na- fairly stable in value, totaling 1 billion dollars for the
tional product. In the like period of 1939, exports were first 4 months of 1941 and 1942. Thus the value of
approximately 3.6 percent of the gross national output, imports from neighboring countries that are still acceslast year they were around 4.4 percent, and this year sible has gone far to offset the dollar value of the comapproximately 4.9 percent. At this rate about one- modities cut off through the capture of territory and
twentieth of our total output will go abroad this year, through other enemy action. When rising prices are
quite exclusive of shipments to our armed forces. Of considered, however, imports in physical volume are
course, if services are excluded, the proportion is much down about 16 percent; and there is, of course, no comhigher.
pensation from the point' of view of the war effort for
Current exports represent more in terms of physical the physical loss of such vital materials as rubber, tin,
volume than in any previous time, World War I not and sisal.
excepted. For the same 4-month period, exports in
A noteworthy feature of our import trade is the
1917 and 1918 were valued at 2.1 and 1.9 billion dollars, shrinkage in gold imports. They are running currespectively. While exports in January-April 1920 rently at an annual rate of about 425 million dollars.
amounted to nearly 2.9 billion dollars or 26 percent This is conspicuously small in relation to the 17 billion
more than for the present year, export prices were then dollars of gold that poured into the country during
approximately 80 percent higher—thus indicating a the previous 8 years at an average rate of over 2 bilsmaller volume of goods in terms of quantity.
lions per year.
Enhanced Lend-Lease Aid Provides More War Equipment.
The major reason for the diminution of the gold inflow
is
the
liquidation of the gold reserves that various counA noteworthy feature of the present export situatries
had
accumulated. For example, gold reserves of
tion is the change in the terms of trade. More and
the
United
Kingdom early in 1938 were valued at over
more goods—at present about one-half—are moving out
4
billion
dollars.
From the Czechoslovak crisis to the
under the provisions of the Lend-Lease Act. From
outbreak
of
the
war,
the flight of capital to this country
the passage of this act, March 11, 1941, to the end of the
practically
halved
these
reserves, and by September
year, only about one-fifth of total exports moved out
1941
Britain
had
available
only about 150 million dolthrough Lend-Lease channels. Total Lend-Lease aid
lars
in
gold.
Most
of
the continental countries
(which
includes exports and services rendered to the
SURVEY OF CURRENT BUSINESS
6
experienced a similar depletion of their reserves.
Furthermore since 1937 and before Pearl Harbor,
Japan (with foresight) had traded most of her gold to
us for war materials.
The import of gold from most of Europe and a large
section of the Orient is no longer possible. In addition,
the terms of the Lend-Lease Act have eased the pressure
on the small gold stocks which still remain in the hands
of the other United Nations and Good Neighbor countries. Undoubtedly, most of our imports are now coming from gold currently produced. Gold production
outside the United States and Russia amounts to about
1 billion dollars a year. The United States currently is
receiving about one-half the gold that is being produced.
The war in various ways has left its deep imprint on
our foreign trade. Problems of the scarcity of ships
and of commodities come to a focus here. This country's industrial output is running 19 percent ahead of
the same period last year, exports 31 percent ahead,
but imports are 16 percent smaller in physical volume.
These relationships help to explain why allocation and
rationing are becoming increasingly the order of the day.
End-Product Control over Materials Instituted.
Accomplishments reported in the field of war production, and others in prospect for the months ahead
make severe demands upon the supplies of many raw
materials. Examples are copper, steel, nickel, tin, zinc,
and numerous chemicals. Military requirements for
these materials are so substantial as virtually to preclude all except a minimum of essential industrial and
civilian consumption. Salient aspects of copper and
steel are considered below. In order better to control
the use of these and other materials where the supply is
critical, the War Production Board has instituted the
Production Requirements Plan. Manufacturers are
required to submit a statement of scheduled production
during the ensuing quarter, the materials necessary for
that production, and the inventories of materials on
hand. The amount of materials each manufacturer
may consume is then determined on the basis of the
supplies available and the relative importance of the
final uses to which his products will be put. The plan
is expected to establish close control over the utilization
of critical materials, bringing inventories into line with
current requirements and affording a constant check
upon actual performance.
Copper
Sharply increased military requirements for copper
have raised total demand above the level of maximum
available supply. The outstanding fact of the situation
is that war needs will take a major part of the supply,
and are continuing to rise far more rapidly than
production of the metal.
The factors involved in balancing supply and demand
are: increasing the production of foreign and domestic
July 1942
copper; providing the necessary ships to import all
available foreign supplies; and curtailing demand by
allocating the available supply to only the most essential uses. The last is of primary importance, since
copper production apparently cannot be increased to
any considerable extent, especially in the United States
Figure 2.—Domestic Production of Refined Copper l
THOUSANDS OF SHORT TONS
125
MONTHLY AVERAGE
FOR YEAR
100
75
If
V
50
25
y y
/
t
-
/
/
y.
/ y.
y.
1940
1942
DO. 4?-%}7
1
Data include copper produced from domestic and duty-free foreign materials
and cover the output of primary refineries including some scrap refined to standard
grades.
Source: Copper Institute.
Heavy War Requirements Necessitate Sharp Curtailment of
Civilian Uses.
The largest military requirements are for small arms
and ammunition, other ordnance items, and ships, and
it is also notable that these items are expected to show
large increases during 1943. Tremendous quantities
of copper are needed in the manufacture of artillery
shells. Copper also plays an important role in the
construction of ships, being required for fittings,
pumps, electrical wiring, and many other parts going
into a naval or commercial vessel.
The expansion of the military program has necessitated drastic curtailment of civilian demand to uses
essential for the continued functioning of industries
and public utilities as well as the minimum requirements for the health and safety of the civil population.
The greatest reductions in civilian use are in automobiles, building materials, and electrical appliances.
The drop in the use of copper for automobiles results
from the conversion of that industry to war production,
and the total elimination of output for private use.
Similarly, the sharp decrease in the use of copper for
building materials and for electrical appliances and
other consumers' durable goods reflects the curtailment
of new residential construction and the diversion of
critical materials to military use.
Notable exceptions, however, to the general curtailment in the nonmilitary use of copper are the increases
for electric utilities, showing the need for greater
plant capacity to generate and transmit the power
necessary to war industries, and the increase in the use
of copper for tools, reflecting the general rise in industrial activity.
SURVEY OF CURRENT BUSINESS
July 1942
Table 2.—Domestic Production and Deliveries of Copper
equipment, and the time necessary to bring new, small
fields into operation, however, are factors which may
Output from domestic rr aterials Domestic deliveries of limit output from domestic ores (plus small quantities
copper refined in
of duty-free Cuban and Philippine ores, the latter, of
United States from
1
2
domestic
and 3 for- course, no longer accessible) to not much over 1,100,000
Month
Mine or smelter
Ren aed
eign blister, etc.
tons this year. The availability of labor is the prime
1942
1941
1942
1941
1941
1942
factor which determines the possibilities of increasing
domestic mine output, as well as maintaining the
January..
83.3
88.3
93.8
90.0
4 119.8
130.5
79.2
80.1
93.7
81.7
< 112.8
107.6
February
present
rate of production.
85.7
92.1
95.3
89.6
134.3
March
111.1
88.0
94.3
89.7
90.7
123.6
106.7
April
It
is
also
of the utmost importance to recover all of
90.3
101.7
89.4
98.6
148.3
May _
134.1
82.6
88.6
121.3
June
..
the
copper
now
"frozen" in the hands of fabricators by
82.1
86 9
150.1
July
84.7
119 9
85 4
August _ _ _
curtailment
orders,
and to increase the collection of
81.8
81.6
125 6
September...!
86.0
86 6
126 6
October _
used
copper
and
brass
scrap. The principal sources of
November
84.7
84.8
124.6
December
89 9
138. 6
88.5
used copper and brass scrap have been wire reclaimed
Total _ . __
1,016.9
1, 065. 7
1, 545. 5
from public utilities and telephone systems, junked
automobile radiators, and old plumbing, but additional
1
2 Mine or smelter production or shipments, and custom intake including scrap.
quantities may possibly be recovered by drawing in
3 Includes small proportion of copper refined from duty-free foreign blister, etc.
4 Exclusive of copper refined abroad and imported into the United States.
The data for January and February 1941 do not include copper refined from duty household and other relatively small stocks of copper
paid foreign blister, etc.
and brass scrap.
Source: The Copper Institute.
In addition to about 1,800,000 tons of foreign and
Domestic Output Increased.
domestic copper this year, " frozen" inventories may
Imports, particularly from South America, it is hoped yield 300,000 tons. Another source is the copper and
will increase during 1942 and 1943. Purchases by the brass ingots produced from used scrap, which are
Metals Keserve Company will aid this development. adapted to certain uses. The latter may bring the
A premium of 5 cents over the basic ceiling price of 12 total supply up to 2,400,000 tons in 1942.
cents per pound for copper has also been offered for
Steel
the output of certain domestic mining properties in
excess of individual quotas. Deliveries of domestic
Steel output this year is expected to approximate
copper at 17 cents, however, thus far have made only 86 million tons. This volume would, as indicated in
a negligible contribution to the total supply.
A record smelter production of almost 101,700 short Figure 3.—Production of Steel Ingots and Steel for Castings
MILLIONS OF SHORT TONS
tons, as shown in table 2, was achieved during May.
100
Production, according to the Copper Institute, was
95,221 tons from domestic and duty-free (Cuban and
Philippine) ores, and 6,462 tons from secondary materials delivered to the smelters. The May output was
7 percent higher than the previous record of 94,596
tons set in April 1937.
Electrolytic refinery capacity, which is approximately
1,572,000 tons per year, should be sufficient to handle
20
expected deliveries of domestic and foreign ore and
concentrates. The refineries produced 98,632 tons of
copper from domestic materials during May (see fig. 2)
I9I3'I4 "15 '16 '17 '18 ' 19'20'21 '22'23'24'25'26'27'28'29 *3O *3I '32*33 '34*35 '36*37 *38'39 '40 '41 '42
bringing the total to date for 1942 up to 450,597 tons.
Sources: Data for 1913-41, American Iron and Steel Institute; 1942 estimate, U. S.
Of the foreign copper reaching this country, a part Department
of Commerce on the basis of available monthly data of the American
Iron and Steel Institute.
arrives in unrefined form and is also processed by
domestic refineries. Shipments to fabricators, including figure 3, be without precedent. It would represent an
copper refined from foreign as well as domestic mate- increase of about 3 million tons over the 1941 record
rials, increased to 134,079 tons, or 26 percent higher production. From mine to rolling mill, the industry is
than April deliveries. Withdrawals of 6,406 tons from operating under extreme pressure to achieve maximum
refiners' stocks brought their inventories down to output. New facilities are also being installed to effect
77,383 tons.
a moderate expansion in steel capacity. More steel,
With military demand rising more rapidly than however, will probably be needed, at home and abroad,
copper output and with civilian uses already cut to than we have or shall have the means of producing.
minimum requirements, great importance attaches to This is due, of course, to the great increase in military
efforts being made to maintain and if possible to step- demands for steel. The answer to increasing military
up domestic mine production. The migration of labor requirements is, in the main, to curtail other uses of
other war industries, shortages of machinery and steel. Now that the less essential civilian consumption
Digitized fortoFRASER
[Thousands of net tons]
4
8
SURVEY OF CURRENT BUSINESS
has been largely dispensed with, however, the remaining
nonmilitary uses are, in varying degree, of considerable
importance to the functioning of our wartime economy.
Important Civilian Uses Curtailed by Conversion of Finishing Facilities to War Products.
The first problems to be encountered under the impact of military demands, had to do with the industry's
capacity to manufacture such specific products as plates
for ships or castings for tanks. The principal means of
satisfying the military requirements for finished steel
products has been to convert plant facilities. Plates
afford an example of this. Shipments of plates in June
were 1,051,000 tons, over twice the shipments in June
1941. This increase has been accomplished largely by
converting strip mills to the manufacture of the lighter
plates. During June, 490,000 tons of plates were made
on continuous strip mills.
The effect of conversions, however, frequently is to
cut down the flow of steel products which otherwise
would have been available for important industrial or
civilian uses. An instance of this is the conversion of
plants formerly making castings for railroad equipment
to the production of armaments. Shipyards, moreover, are currently receiving more plates than they can
use because of the limited production of structural
shapes. It will be necessary to curtail the output of
other products made on the same mill equipment in
order to provide the increased output of shapes. Thus
while conversion increases the capacity for some products, it makes serious inroads upon the industry's
ability to manufacture others.
Steel Furnace and Blast Furnace Capacities Increase.
The steel industry has not, under peacetime conditions, normally had sufficient facilities to produce the
steel ingots needed to operate its finishing plants at full
capacity. Entering the present war, therefore, it faced
an initial handicap in the matter of raw materials.
Steel furnaces at the beginning of 1940 were rated at
81.6 million tons annual capacity. This was increased
to 86.1 million tons by mid-1941, and to 88.6 million
tons by January 1942. The current steel ingot and
castings capacity of the industry is somewhat higher
with additional furnaces building.
The expansion in steel furnace capacity, of course,
calls for a greater flow of the raw materials for steel
making—scrap and pig iron. The steel furnace output
of 82.8 million tons last year required about 47 million
tons of pig iron and 42 million tons of scrap. Some 9
million tons of pig iron and a substantial quantity of
scrap were also consumed in castings produced by the
foundry industry. Blast furnace capacity increased
nearly 5 million tons during 1940 and 1941. Production last year was 55.9 million tons. In the first 4
months this year, pig iron output amounted to 19.3
million tons, or an annual rate of 58 million tons.
Julv 1942
More Scrap a Vital Steel Need.
The scrap needed in such large volume in making
steel, and in lesser amounts for the production of pig
iron and castings, is to a considerable extent a byproduct of the industry's manufacturing processes. In
converting crude steel into steel products, roughly 80
percent of the steel ingots consumed become scrap, and
are returned to the steel furnaces. Except as steel is
exported in crude or semifinished forms, the supply of
this "home" or process scrap tends, of course, to
keep pace with steel ingot production. The industry
also uses, however, substantial quantities of "purchased"
scrap (as distinguished from "home" scrap) originating
outside the iron and steel industry. In 1941, for example, when the consumption of scrap for all uses (see
fig. 4), including the production of pig iron and castFigure 4.—Consumption and Stocks of Iron and Steel Scrap
MILLIONS OF SHORT TONS
7
STOCKS (END OF MONTH)]?
\
/^CONSUMPTION
^
V
+ MONTHLY AVERAGE FOR QUARTER
I I I I I I 1 1 I
1939
I i I | | I | I I
1940
I I1II1 , I I
1941
i I I 1 I I I
1942
1
Data for stocks through June 1941 and for consumption through December 1940
are for the last month of each quarter; data for consumption, January through June
1941, are monthly averages for the quarter. Data beginning with July 1941 are monthly.
Source: U. S. Bureau of Mines.
ings as well as steel ingots, amounted to 61 million tons,
"purchased" scrap accounted for almost 45 percent of
the total. The proportion of "purchased" scrap to
total scrap consumed is of course substantially higher
for pig iron and castings than for steel. The sources from
which "purchased" scrap is obtained include other
manufacturing establishments processing steel, automobile junkyards, obsolete industrial equipment, discarded farm machinery, abandoned street railways,
demolition of buildings, etc.
Whenever less scrap is used in producing steel, its
place, of course, must be taken by pig iron, and as a
greater proportion of pig iron is used, it also becomes
necessary to charge additional iron ore into the steel furnace (as an oxidant to assist in removing impurities from
the pig iron). Higher proportions of pig iron and iron
ore in the charge also have the effect of slowing down
furnace "turnover" and yield less steel from each heat.
With blast furnaces operating at capacity and still
unable to satisfy the demands for pig iron, however,
the steel industry could use at present vastly more
scrap from outside sources. This increased tonnage it
has been able to obtain only in part, and is now depend-
SUEVEY OF CUERENT BUSINESS
July 1942
ing more largely upon pig iron and iron ore for steel
furnace charges than has been the practice in recent
years. The result is extreme pressure upon the blast
furnaces, as well as upon facilities for the mining
and transportation of iron ore (see p. 2). Approximately 101 million (net) tons of iron ore were utilized
last year in the production of pig iron and steel, together with about 48 million tons of coke. Output
of byproduct and beehive coke, amounting to 64.8
million tons, required 93.1 million tons or about onefifth the total consumption of bituminous coal. Coke
production in the first 6 months this year advanced to
34.5 million tons, or an annual rate of about 69 million
tons.
Food Supplies
Food consumption this year is expected at least to
equal, and may surpass, last year's record. Some individual food products, of course, will be short this
year and next. Examples are pork, lard, canned fish,
canned vegetables and fruits, sugar, and imported
beverages—coffee, cocoa, and tea. Domestic supplies
in the aggregate, however, probably will be well maintained given favorable yields from this year's crops.
Although a nation can carry on in wartime with food
consumption severely restricted—with far less food than
consumers can apparently count upon obtaining here—
the ample food supplies available in the United States
are, nonetheless, an element of strength.
Food ordinarily accounts for about one-third of our
consumption of commodities and services. With food
supplies large, consumer expenditures will need to be
curbed less drastically, through taxation and related
fiscal measures, than might otherwise be required. If
rationing of food moreover can generally be avoided,
except in a relatively few instances such as sugar, the
wartime task of organizing and administering civilian
supply should be much simplified. Large supplies of
food in this country are also important because, in
addition to the war equipment being furnished the other
United Nations, we are likewise affording material aid
to both fighting forces and beleaguered civilian populations in the form of food shipments.
Factors in the Food Supply.
Food stands in striking contrast with many other
important consumer commodities. Lowered living
standards are the inevitable counterpart of almost
unlimited military requirements—the result of diverting
to the prosecution of the war every resource that can be
made to serve that end. That food should be an exception has been due, in the first instance, to the possibility of enlarging farm output and maintaining it at
enhanced levels without coming into serious conflict
with direct military or war production needs for materials, facilities, and manpower. This expansion in
farm output to meet wartime needs has been facilitated
by the fact that prior to the war, agricultural production
468808—42
2
9
was largely controlled and restricted (the twofold
purpose of such restriction being to conserve soil resources and to attain certain income goals for farmers).
Greater demands for food arising out of the war dictated a change, beginning early in 1941, from this policy,
to one of relaxing or removing restrictions and encouraging larger farm production. (Farm income goals have
been achieved as a matter of course.)
This growth in farm output has not been without its
special wartime problems, none of which, however, has
so far proven insurmountable. Farm supplies, for example, of certain fertilizers and insecticides, of bagging
materials, rubber tires, and new farm machinery and
equipment are limited—but without apparent effect in
retarding the upward course of agricultural production.
Farm labor supply, which proved troublesome during
World War I, is again a potential problem. Measures
are being taken, however, to satisfy the more pressing
of farm labor needs, including the organization of
seasonal farm labor supplies. American farming has
not experienced—and probably will not be called upon
to face—anything like the dislocation of labor supply
that has occurred in British agriculture, yet the output
of the latter (only a fraction, however, of that country's
total food requirements) has been greatly expanded.
Since food is consumed for the most part in processed
form, the larger food output in the United States has
called for additions to plant capacity in certain food
manufacturing industries—examples are plants packing
tomatoes, peas, and green beans; producing evaporated
milk; and drying vegetables, fruits, eggs, and milk.
Generally these have been made even though sometimes
in conflict with direct military and war production
requirements for machinery and scarce materials.
Another major problem of food processing, and one for
which there appears to be no immediate solution, grows
out of the restrictions necessary upon the use of tinplate in canning. The upshot of this, however, will
probably be heavier consumption in fresh, frozen, or
dried form, involving, of course, some loss of convenience
and perhaps some change in seasonal patterns of consumption for certain foods, but no material effect upon
aggregate supplies. Food processors in some localities,
moreover, will continue to encounter tight labor conditions—an experience common to many industries in
the current period.
The United States, in contrast, for example, with the
British situation, is comparatively independent of
imported foods. The principal exceptions are sugar and
coffee, cocoa and tea. Imports also play a lesser role in
the supply of vegetable oils. Since overseas supplies are
generally adequate, imports of food into this country
are now governed almost exclusively by the availability
of shipping for that purpose.
Foreign Food Requirements Increasing.
The final factor of importance affecting domestic food
supplies is foreign requirements. Food purchases by
10
SURVEY OF CURRENT BUSINESS
the United States Department of Agriculture since
March 15, 1941, have been made largely for export to
the other United Nations, and amounted to over 1
billion dollars through May 1942. As shown in table
3, these purchases consist chiefly of certain livestock
products, selected out of consideration for nutritional
requirements and shipping conditions—pork, lard, eggs,
and manufactured dairy products, which together accounted for over 80 percent of the total in the first 14/2
months of the purchase-for-export program.
Foreign requirements for the food products of the
United States are not static. This country is but one
of several overseas sources supplying food to other
United Nations. It may be called upon in the future
to furnish a larger proportion of their total imports of
foods. Our shipments of food necessarily depend upon
the shipping available and the other uses to which it
must be put. More food doubtless will be sent when
it is practical to do so. United States Department of
Agriculture food purchases have been heavier in recent
periods, with nearly 580 million dollars so expended in
January through May this year. They are expected
to increase in coming months.
Table 3.—Commodity Purchases by the United States Department of Agriculture, March 15, 1941-May 31, 1942 1
[Millions of dollars]
Commodity
Meats
Pork
Canned fish
Dairy products, except butter
Condensed and evaporated milk
Cheese
. .
Eggs _
Fats and oils
.
_ . __
Lard .
Cereals
Vegetables and fruits
Other food products
.
_
Total foods
NTonfoods (cotton, tobacco, naval stores, etc.) _
Total
Amount
_. . . .
. _
354
318
24
227
]26
80
225
96
24
97
21
1,044
182
1,226
1
Including the value of commodities (163 million dollars) made available for lendlease operations by the Commodity Credit Corporation.
Source: Compiled from data of the U. S. Department of Agriculture.
We must be prepared, taking a longer view, not only
to send larger quantities of food to other United Nations. For this war will not have been won, even after
fighting ceases, until the peoples exhausted and shattered by war recover physical and economic strength
to take their places in the post-war world. We know
that the need for American food will be acute in the
immediate post-war period, and may press even more
heavily upon our supplies at that time. It is evidently
desirable in addition to current war shipments of food,
also to establish sizable food reserves which may be
drawn upon promptly when the war ends. The accumulation of such reserves will become an increasing
factor in domestic food supplies.
Larger Volume of Livestock Products for Consumption and
Export.
The farm program for larger food production,
launched
in the spring of 1941, has aimed chiefly at
July 1942
increasing the output of livestock products, including
meats, animal fats, dairy products, and eggs, and of
vegetable oils. The generous measure of success already
attained in the case of livestock is reflected in preliminary estimates of production for the calendar year 1942
shown in table 4. Meats including chicken and turkey
(but not fish) are expected, in the aggregate, to surpass
1941 output by at least 11 percent. The increase in
milk production will approximate 3 percent, while that
for eggs will be about 15 percent. This rise in the output of livestock products has, of course, required a
much heavier—in fact, a record—input of feed grains
and high-protein (byproduct) feeds. So heavy is the
current and prospective rate of feeding that the indicated 1942 production of feeds will probably fall below
their use in the ensuing crop year (1942-43). The large
stock of corn accumulated in recent years thus assumes
special significance because this year and next it permits feeding in excess of current feed production without
cutting feed supplies down to seriously meager levels.
Table 4.—Annual Production of Selected Livestock Products
for Food, 1939-42
1942, estimated
Product
Unit
1939
1940
1941
Beef and veal
Pork
Lard
Lamb and mutton
Chickens (dressed weight) . . _
Turkeys (dressed weight)
Eggs
-All milk
Butter (farm and factory)
Condensed and evaporated milk
Mil. lb
do
___do
do
. , do
do
Millions^.
Mil. lb
__ do
__.do
8,002
8,660
2,037
872
2,546
422
42, 727
106, 792
2,210
2,207
8,160
9,958
2,343
877
2,520
482
43,544
109,510
2,239
2,529
9,130
9,451
2,282
925
2,722
474
45,943
115,498
2,264
3,357
9,800
11,000
2,650
950
3,118
515
52, 840
119,000
2,315
3,350
709
268
784
322
954
366
1.140
560
24
29
47
75
(case goods, unskimmed).
Cheese
D r y skim milk for h u m a n consumption.
D r y whole milk
dodo
do
Source: U. S. Department of Agriculture.
Livestock products, however, comprise the major
part of food shipments to other United Nations (see
table 3). United States Department of Agriculture
purchases of certain of these livestock products are compared with production quarterly in table 5. These purchases have increasingly tended to absorb all, and more,
of the gains in output. The Department's buying of
pork, for example, rose to approximately one-third of
Federally inspected production in April and May this
year, and is apparently to be continued at or above
that rate through September at least. On that basis,
pork purchases would exceed those made in AprilSeptember 1941 by about 1 billion pounds. Lard
purchases made by the Department were stepped up
to nearly 70 percent of the April and May output of
inspected packing plants, and may total two-thirds of
production in the next several months. The substantial increases this year over 1941 in the foreign
requirements for pork and lard will result in a reduced
domestic consumption of these foods, and as a consequence the domestic consumption of meats and of
fats and oils will probably also be somewhat lower
than last year. Except for beef, veal, lamb, mutton,
chickens, and turkeys, moreover, the larger output this
year of other principal livestock products will, for the
most part, be either sent abroad or accumulated for
shipment later in response to foreign needs.
Table 5.—Domestic Production and Purchases by the U. S.
Department of Agriculture of Selected Food Products
[Millions of pounds]
1941
1942
Product
Second
quarter
Pork:
Production i
Change from year before
Purchases 2
Lard:
Production i
Change from year before
Purchases
Fluid milk:
Production, total on farms 3 .
Change from year before
Purchases, whole milk
equivalent4
Evaporated milk, unsweetened :
Production
Change from year before
Purchases
Cheese, factory:
Production
Change from year before
Purchases
D r y skim milk for h u m a n consumption:
Production
Change from year before
Purchases
Third
quarter
Fourth
quarter
First
quarter
April and
May
1, 504. 5
1, 270.0
1, 939. 3
1, 840. 2
1,164.9
+0.6
-24.3
178.7
-120.6
156.3
+209. 5
243. 3
+125.0
380.3
138.0
another product in urgent demand for shipment abroad.
The reduction in lard, however, will be nearly balanced
by the expected greater consumption of other edible
fats and oils. The prospect is favorable this year in
the case of vegetables. The consumption of fruits, on
the contrary, will probably be somewhat less than in
1941.
The estimates of per capita consumption in table 6
include the Nation's armed forces as well as the civilian
population. While the consumption of the former is
somewhat heavier than average, the restrictive effects
upon civilian supplies of purchases by the military
establishments will be most evident in the instances of
certain foods, such as canned vegetables and fruits, particularly adapted to the special needs of those services.
381.2
298.7
459.4
463.9
262.0
+24.4
115.5
+19.9
67.3
+17.3
105. 9
+77.3
146.5
-3.5
178.6
Table 6.—Per Capita Domestic Consumption
of Agricultural
Food Products, 1939-42 1
[Pounds]
33, 690
30, 769
25, 502
26, 640
22, 426
+ 1 , 823
+1,617
+ 1 , 421
+ 1,103
+794
489
752
2, 106
2,270
1.804
934. 5
870.8
812.5
943. 0
797. 5
+141.9
71.3
+ 184.0
134. 1
+357. 9
509. 6
+399.1
488.2
+194. 3
383.4
274.9
265.1
215.3
230.7
239.3
+29.0
33.0
+37. 4
41.7
+50. 8
88.2
+69.4
108.8
+70.0
67.9
119.8
88.2
75.6
121.4
126.3
+16.8
3.4
+8.3
+11.9
15.4
+39.0
53. 5
+48.2
77.5
10.7
1 Production from Federally inspected slaughter, excluding production from farm
and uninspected slaughter, which is estimated only on an annual basis. Inspected
slaughter accounted for 67 percent of the total production of both pork and lard in 1941.
2
Pork purchases include principally cured and canned products. T h e loss of
weight in further processing makes these purchases not altogether comparable with
the dressed weight of pork produced. The equivalent dressed weight of the cured
and canned products purchased has not been estimated. In terms of dressed weight,
however, t h e y would represent a somewhat greater poundage t h a n shown.
3
Excludes milk sucked b y calves and milk produced by cows not on farms.
4
Whole milk equivalent of butter, condensed and evaporated milk, cheese and dry
whole milk purchased.
Source: 17. S. D e p a r t m e n t of Agriculture.
Larger Per Capita Consumption of Most Foods Indicated.
The general outlook for consumption this year, as
shown in table 6 on a per capita basis, is one of moderate
increases over 1941 for most foods. Meats will be an
exception. The larger supplies available of beef, veal,
and lamb and mutton will fail fully to offset the diversion of pork from the domestic market, but the total
consumption of pork and other meats, nonetheless, will
approximate that in 1940, and will be substantially
larger than in 1939. Supplies of chicken, on the other
hand, will be materially heavier than last year. Lard is
11
SURVEY OF CURRENT BUSINESS
July 1942
1942,
Product
Cereals: 2
Wheat
Corn
Rice, milled
Other cereals 3
Meats:
Beef and veal
Pork
L a m b and m u t t o n .
Poultry and eggs:
Chickens
Turkeys
Eggs..
Dairy products:
Fluid milk and cream (milk equivalent)
Butter
C ondensed and evaporated milk
Cheese
Other manufactured, terms whole milk
F a t s and oils:
Lard
Other edible
Vegetables:
Potatoes 4
Sweetpotatoes
Other fresh 5
Canned 6
D r y edible beans
Fruits:7
Fresh citrus
Fresh apples
Other fresh
O anned
Dried
Juice 8
estimated
1939
1940
1941
222
62.4
5.9
31.7
219
58.8
6.0
31.0
223
64.1
6.7
33.7
224
64.7
7.3
37.2
61.8
64.4
6.7
62.6
72.6
6.6
69.3
68.9
6.9
71.6
64.2
7.1
19.4
3.0
39.1
18.9
3.6
39.8
20.3
3.6
39.5
23.0
3.8
39.3
346
17.4
17.8
.5.9
44.3
345
17.0
19.3
6.0
45.5
352
16.6
19.4
5.8
48.4
358
16.8
21.1
5.8
49.3
12.4
19.5
14.6
19.2
14.8
20 9
12.9
21.5
140
25.7
254.5
25.7
9.7
146
20.7
259.2
27.4
9.1
142
21.7
252.3
30.9
10.0
140
24.6
262.0
32.9
10.7
58.3
40.9
62.0
14.9
6.2
6.4
60.5
44.3
59.1
15.6
6.7
7.6
63.6
42.2
65.2
18.8
6.4
8.5
63.8
41.7
53.7
16.3
5.8
7.7
er capita domestic disappearance, computed from production, imports, exports,
i Pe:
ana
and sstocks (including Government stocks). Per capita data are based upon total
population, including all armed forces of the United States.
2 Includes grains used in the manufacture of beer.
3
Includes barley, oats, and rye.
4
Includes potatoes sold by farmers for seed and manufacture.
5
Includes estimates of all vegetables (other than potatoes and sweetpotatoes) for
fresh sale, produced in commercial areas including market gardens, and in farm
gardens for home nso.
6
Includes tomato juice.
7
• Includes
m u m u c s 18
xo fruits
ii u n s and
ttuu berries.
wtjinea.
8
leapple, combination orange and
Includes grape, grapefruit, lemon, orange, pineapp
grapefruit, prune juice, and miscellaneous fruit nectars gand juices.
Source: U. S. Department of Agriculture.
12
SURVEY OF CURRENT BUSINESS
Julv 1942
Distributive Costs of Consumption
Commodities
By Bruce M. Fowler and William H. Shaw
T
HAT the cost incurred in the flow of consumption
commodities through distributive channels constitutes a substantial segment of their final cost has
long been recognized. But despite this recognition
there have been very few comprehensive estimates of
the importance of this segment. It is the purpose of
this article to set the various distributive costs—transportation charges, wholesale margins, and retail margins—in proper perspective by showing their relative
magnitudes during the last decade.
These estimates of distributive costs were derived as
a byproduct of the compilation of the national income
in terms of final products or actual goods and services
produced. The flow of consumption commodities
through private enterprises, measured at final costs,
constituted a major component of the study. Due to
the nature of the available data, the estimating procedure involved securing data at producers' prices,
classifying and allocating the different commodities
into appropriate groups, and then tracing the various
groups through the distributive system. A preliminary
report presenting the estimates of gross commodity
flow thus obtained has already been published.1
Although the form of the present estimates has been
conditioned by their use in commodity flow estimates,
and is consequently different from that of a study
designed primarily for the analysis of distribution
costs, the data are believed of sufficient value to warrant
their presentation.2 The recent maximum price regulation highlights the current utility of information of
this type. For example, the problems of the "squeeze"
and "rollback" that have developed as a result of the
regulation are in part problems of the relationship
between wholesale and retail margins.
Distribution of Total Cost of Consumption Commodities.
The percentage distribution of the total cost of
consumption commodities is summarized in table 1
by major commodity groups. The percentage "received by the producers" is the ratio of the value of
the finished commodities at the point of output to the
final cost. By "point of output" is meant the location
1 Shaw, William H., "The Gross Flow of Finished Commodities and New Construction, 1929-41," Survey of Current Business, April 1942, p. 13.
2
It should be kept in mind that the data are rough estimates and that their reliability is dependent on the sources utilized. See Appendix note for a description of
sources and methods.
at which the fabrication of the consumption commodity has been completed. Thus, all raw material
and processing costs are included. The percentage of
the final cost going to transportation agencies refers
solely to the cost of moving the commodities from the
producer to the initial distributor, since the cost of
transporting raw materials and partly processed goods
is already included in the value at the point of output
and the costs of moving finished commodities between
the various distributors and from the retailers to consumers are included in the wholesale and retail margins.
Finally, the percentages received by wholesalers and
retailers are the differences between the cost of goods
sold by wholesalers and retailers and the respective net
sales expressed as ratios of the total cost to users.
Table 1.—Percentage Distribution of Total Cost of Consumption Commodities, 1929-39
Major commodity group
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
All consumption commodities:
Percentage received by producers
61. 4 61. 4 59. 8:59.5.56. 9 59. 6 62. 4 62. 5,62.5,61. 9 61. 4
Percentage received by distributors
38. 6 38. 640. 2 40. 5:43.1 j 40.4 37 6!37. 5:37.5,38. 38.6
Transportation, produc3. 2 3.1 3. 7 4. 2 4. 5 4.1 3.9 3.8 3.7
4.1
ers to distributors
6.9! 6. 61 6.7^ 6.61 6.9 6.3 5. 5.8 6.0
6.4
Wholesalers
28.5 28.9 29.8 29.7 31.7130.0:28. 0|27.9;27.8 27. 9 28. 1
Retailers
Perishable consumption commodities:
i
Percentage received by producers
4164.2 64.5:63.1 63.1
63.7 62. 6160. 3:59. 7; 58. 2
Percentage received by dis36. 3 37. 4^39. 7i40. 341. 8 39. 2 35. 6 35. 8 35. 536. 9 36. 9
tributors
Transportation, produc4. 1 4. 3 5. Oi 5. 6 5. 6 5.0 4.
ers to distributors
6.9 7.1 7.3J 7.5j 7.4 6.7 5.
Wholesalers
25. 3!26. 0 27. 4 27. 2!28. 27.
8 5; 25.
Retailers
4.4
6.0| |
4 . 3 5.0 5.0
6 . 2 6.71 7.0
25.0^25.2i24.9
Semidurable consumption commodities:
Percentage received by producers
62.7 63.3 62. 5 61. 8; 57. 0i59. 3 60.2 60.560.4:60.2 59.4
Percentage received by disi i 2143.
! 0(40.
I
37.3 36. 7|37.5!38.
tributors
8 39. 539.6;39. 8J40.6
Transportation, produc^
1.1 2.0 1.9 2. 2.2 1.8' 2.0! 2. 1
ers to distributors
1.3
3.7
3.2! 3.5 3.4 3. 3.0 3.2| 3.11 3.2
Wholesalers
32. 3 32. 4 32. 8 33.
..9 3' 5 35.i. 4 34. 34. 3 34:. 6134.7135. 3
Retailers
Durable consumption commodities:
Percentage received by producers
54.3 55.2 54.9 55. 5 50.5 54.6 57.7 58.8 58.8 58.757.7
Percentage received by disI
I
!
|
I
I
j
I
j I
tributors
45. 7|44. 8 45. 1 44. 549. 545. 4142.341. 2 41. 2 41.3 42. 3
Transportation, produc3.0i 2.0: 2.2 2.4 3.5 3.1 3. 6 3.6, 3.4 3.0 3.3
ers to distributors
10.0 9.0 8.8 7.7 9.7; 8.9! 8. 8! 8.6; 8.4 7.7| 7.9
Wholesalers
32. 7 33.8 34. 1 34.4 36.3 33.4:29. 9 29. 0,29.4 30.6 31.1
Retailers
Source: U. S. Bureau of Foreign and Domestic Commerce.
July 1942
SURVEY OF CURRENT BUSINESS
The distributive agencies received from. 38 to 43
percent of the total expenditures made for all consumption commodities during the past decade.3 Although a
definite cyclical fluctuation may be noted, the year-toyear changes are not especially marked nor is any
decided trend indicated. Increasing gradually from
39 percent in 1929 to 41 percent in 1932, the percentage
rose to 43 in 1933, dropped back to 40 in the following
year and then became stabilized at 38 percent for the
next 5 years.
Figure 5.—Percentage Distribution of Total Cost of Consumption Commodities
13
A larger percentage of the final cost went for the
transportation of perishable consumption commodities
from the producer to the distributors than was the case
in the other major groups. The 5-percent ratio obtaining in 1939 is representative of the share received
during the entire 11-year period by this segment of our
distribution system, ranging as it did between 4 and 6
percent. This larger percentage is attributable chiefly
to the lower value of most of these commodities at the
point of production and fairly long hauls. For example,
neither fresh produce nor coal requires much processing
before entering distributive channels, and both have
relatively low values per carload. Moreover, improved
methods of refrigeration have resulted in fresh fruits
and vegetables being shipped increasingly greater
distances.
Figure 6.—Percentage Distribution of Total Cost of Consumption Commodities by Major Groups in 1939
100
1929 1930 1931 1932 1933 1934 1935 1936 1937
1938 1939
DD
42_250
Source: U. S. Department of Commerce.
Analysis of the percentage going to each of the distributive agencies during the period reflects the same
general picture, although the cyclical fluctuation at the
wholesale level is less pronounced than that of the other
two components. From 3 to 4 percent of the expenditures made for consumption commodities went to the
agencies transporting these goods from the producer
to the initial distributor, 6 to 7 percent went to wholesalers, and 28 to 32 percent to retailers.
Although indicative of the magnitude of the costs of
* distribution and the year-to-year changes in their relation to the total expenditures for consumption commodities, this over-all picture does not reveal the marked
differences obtaining in the trends and levels of the
broad classes of commodities included. The amount
received by distributors of perishable consumption
commodities 4—chiefly foods and fuels—ranged from
36 to 42 percent of the total price paid, or slightly less
than that for all commodities as a whole. Since the
value of the commodities comprising this group constitutes about two-thirds that of all consumption commodities, the existence of a marked similarity in both
the magnitude and changes of the ratios for this group
and those for all commodities combined is not surprising.
3
These estimates are lower than those made by the Twentieth Century Fund in
Does Distribution Cost Too Much? (New York, 1939), because of differences in definition. Distributive costs in that study included transportation and storage charges
for raw materials and goods in various stages of manufacture destined for further
fabrication. Since these charges are included in the value of the finished product at
the point of output, they are considered in this article as a cost of production.
4
The commodities included in the various major groups are indicated by the minor
group designations in table 3.
25
SEMIDURABLE
DD 41-249
Sourer: U, S. Department of Commerce.
In contrast, the 25 to 29 percent of the final cost
received by the retailer represents a much smaller
proportion than that accruing to retailers from the
semidurable and durable groups, in part a reflection of
the high turn-over rate of foods. The portion going to
the wholesaler varied from 6 to nearly 8 percent for the
same period. Cyclical fluctuations and other factors
affecting the wholesale and retail segments are discussed
in the section on "Gross Margins."
The total distributors' share of expenditures for
semidurable consumption commodities differed only
slightly from that obtaining for the perishable group in
the years prior to 1935. Since that time, however, the
percentage going to distributors for the latter group
declined, w^hereas that going to distributors of semidurable items remained relatively constant.
On the other hand, the components of the total distributors' share differed markedly between the two
groups. The commodities classified as semidurable—
clothing, light housefurnishings, etc.—are for the most
part manufactured in many sections of the country and
therefore require relatively shorter hauls to reach the
distributor. Furthermore, these commodities have
14
SURVEY OF CURRENT BUSINESS
relatively high values per carload. For these reasons
the portion of the final cost going to those transportation agencies that moved these goods from the factory
to the distributors did not exceed 2 percent during the
11 years. The wholesalers' share of the total cost was
also lower than that for either of the other two major
groups of commodities, fluctuating between 3 and 4
percent over the entire period. On the other hand, the
amount going to the retailer totaled at least one-third
of the entire expenditure for these items—a higher
ratio than that recorded for the other groups.
Approximately 42 percent of the amount spent in
1939 for durable consumption goods went to pay for the
distributive services rendered. From 1929 through
1932 the average was 45 percent, then it rose to nearly
50 percent in 1933 but dropped back to 45 percent in
the following year from which point it settled to the
41-42 percent level maintained since 1935.
Longer hauls from the geographical centers of production, which tend to be highly concentrated for this
group of commodities, resulted in a higher proportion
of their final value going to agencies engaged in transporting them to the distributors than was the case for
semidurable goods. The ratio, which ranged between
2 and 4 percent over the decade, did not approach that
of the perishable group, however. The portion of the
final value going to the retailer has varied during this
period from 29 to 36 percent with the percentage for
1939 being 31. The remaining 8 to 10 percent was
paid to the wholesaler.
Wholesale and Retail Gross Margins.
Wholesale and retail gross margins were estimated
for each minor commodity group by computing the
ratio of operating expenses to total net sales and making
an appropriate allowance for profit or loss. These
margins, being percentages of sales, must be converted
to mark-ups or percentages of cost before they can be
applied to dollar cost values as was done in the study
presented in the April Survey.5 Transportation margins were computed by expressing freight revenues as
percentages of commodity values at point of destination.
The sum of these gross margins does not equal the
percentage distribution of the total cost going to these
distributors for two reasons. First, the gross margins
express the cost of each step of distribution as a percent of the commodity value at that point, while the
table showing the distribution of the total cost expresses
each of these costs as a percent of the final cost. The
use of a different base naturally yields a different percentage relationship for each component. The second
reason is that some goods do not flow through each of
the successive stages comprising the distribution system
but skip one or more steps. For instance, analysis of
the sales of manufacturers shows that a substantial
s Gross margins may be converted to mark-ups by use of the equation M=
1QQ_^
where M is the mark-up or percentage of cost and G is the gross margin, or percentage of sales.
July 1942
portion is sold directly to retailers and consumers and
thus does not pass through the wholesale stage. Similarly, some of the sales made by wholesalers bypass
the retailers and go directly to consumers.
Cyclical fluctuations were more pronounced for the
transportation margins than for either the wholesale
or retail margins. Only one major change was made
in the freight rate structure of the railroads during
the period covered by this study so that the transportation charges were far more rigid than the values of
the various commodities to which they applied. The
more important factors contributing to the differences
in these transportation margins between commodity
groups have already been indicated in the preceding
section and will therefore not be repeated. The basic
data are shown, however, with the other margins in
tables 2 and 3.
The wholesale gross margin for all consumption
commodities rose from 14 percent in 1929 to over 15
percent in 1933 and dropped to less than 13 percent in
1935. These figures represent both the upper and
lower limits for the fluctuations during the entire
11-year period. An inverse cyclical movement is thus
clearly evidenced—a characteristic of all the gross
margins in this study.
Table 2.—Transportation Charges (Producers to Distributors)
and Gross Margins, by Major Commodity Groups, 1929-39
Major commodity group
1929 1930 1931 1932 1933 1934 1935|1936!19371938
i
Transportation charges (producers to distributors) as percentages of commodity values
at destination:
Perishable
consumption
commodities 1
Semidurable consumption
commodities
Durable consumption commodities
All consumption commodities i
Wholesale gross margins:2
Perishable
consumption
commodities i
Semidurable consumption
commodities
Durable consumption commodities
All consumption
commodities ]
Retail gross margins:2
Perishable
consumption
commodities ]
Semidurable consumption
commodities
Durable consumption commodities
All consumption commodities i
i
5.8 5.
8.4
5.9 7.1 7.3
2.0 1.
3.3
2.9 3.3 3.3
3.8 4.0
5.8
5.3 5.2 5.2
4.5 4.6
7.0
6.1
12.4 13.1 14.0 14.5 14.4 13.0 11.1 11.4 11.7 12.4 13.3
14.2 14.2 14.5 15.0 16.1 16.3 14.5 14.2114. 9 14.6115.1
19. 19.8
19.4 18.2 16.4! 16.3! 16.3| 16.8 16.7
14.3 14.6 15.0 15.1 15.2 14.2 12.5 12.6; 12. 9 13.4 14.1
29. 9 28.6 26.1 26.4 25. 9 26. 2 26. 7
!
!
|
136.1
i. 0 35.3 35.0 35.2 35.3.36.0
I I I i I
34. 0 33. 8 35.3 35.5 37. 9 34. 531. 2 30. 2 30. 5 31.6 32.1
26. 3
26.
9 28.4
33.1 33.0 33. 5 34. 3
29.6 30.0 30.9 30.8 32.8 31..2;29.0,28.9 28.7,29.0129. 7
l
I
1
2
Excludes nonmanufactured household fuels for which data are not available.
Gross margin is the difference between cost of goods sold and net sales, expressed as
a percentage of net sales.
Source: U. S. Bureau of Foreign and Domestic Commerce.
The causes of this inverse movement are found in the
fact that prices paid by wholesalers [or retailers] for
commodities are more sensitive than prices received, and
in a greater rigidity in some operating expenses than in
total realized sales. With respect to commodity
prices, it is clear that a lag of wholesale [or retail]
prices behind prices paid by wholesalers [or retailers]
tends to raise margins on the downswing of the cycle
and lower them on the upswing. With respect to
SURVEY OF CURRENT BUSINESS
July 1942
rigidity of operating expenses it is evident that when
the volume of sales drops, a corresponding decrease in
expenses, especially in rents, interest payments and
property charges, cannot usually be effected. Since
for competitive reasons the wholesaler [or retailer] may
find it difficult to meet this relative rise in costs by a
price rise, an increase in the ratio of these costs to sales
is inevitable.
Figure 7.—Transportation Charges (Producer to Distributor)
and Gross Margins of Consumption Commodities by Major
Groups
TRANSPORTATION CHARGES (PRODUCER TO
DISTRIBUTOR) AS PERCENTAGE OF COMMODITY
VALUES AT DESTINATION
PERCENT
I 0
j
L
WHOLESALE GROSS MARGINS
24
M UUHADL*
20
- « ^
SEM/DURABLE^
16
**%
ALL COMMODITIES
PERISHABLE^
I
]
J_
I
_L
RETAIL GROSS MARGINS
40
DURABLE-^^
36
^SEMIDURABLE
\
32
^
—
'
^
28
—
^
i
1929
i
1930
i
1931
1
1932
* * '
S
PERISHABLE^
24
^
N
-
i
1
1933
1934
1935
.r-~
.
1
1
1936
1937
•
1
I
1938
1939
0.0. 42-246
Source: U. S. Department of Commerce.
Retail gross margins are much larger than the corresponding margins in wholesale trade for the same
types of commodities. Since 1929 the retail gross
margin for all consumption commodities has ranged
from 29 to 33 percent—a level slightly more than double
that of the margin for wholesale trade. This difference
in level is partly the result of smaller average sales
volume per establishment and of the multiplicity of
services offered, e. g., local regular and special deliveries, privilege of return and exchange, trade-in privileges, "free" installation, extension of liberal credit
terms, elaborate newspaper and radio advertising, provision for free parking, maintenance of complete stocks
of all sizes and grades and the need for accessible locations at street intersections or along important thorough
fares.
15
A more intensive cyclical fluctuation as well as a
lower level differentiate both wholesale and retail marins for perishable consumption commodities from
those of the other two groups. One probable reason
for this is the greater intensity of competition in the
distribution of these goods while another factor is the
smaller ratio of average stock inventory to annual sales
for many of these commodities and hence the lower
unit cost for investment in stock, storage space, and
interest charges. The wholesale margin has fluctuated
between 11 and 14 percent for these commodities while
the retail margin has ranged from 26 to 30 percent.
Changes in wholesale gross margins for semidurable
consumption commodities have not been as marked as
those for the other two groups. During the 11 years
these margins did not vary over 2 percent, having
fluctuated around 15 percent for the entire period. In
marked contrast the retail gross margin for semidurable
commodities shows a definite upward trend as compared
to the fairly stabilized levels of retail margins for the
perishable and durable groups. The retail margin
rose from 33 percent in 1929 to a peak of 38 percent in
1933, and then dropped back to about 35 percent during the late 30's.
Durable consumption commodities as a group reflect
higher wholesale margins than those shown by the nondurable groups. This difference in level has decreased
substantially since 1929, however, there having been a
downward trend for the durable group as compared
with the slight upward trend for the other two groups.
Thus the wholesale margin for durables in 1929 was 20
percent and for 1939 was 17 percent.
The trend of the retail gross margin for durable consumption commodities differed so markedly from those
of the other major groups since 1929 that an examination of the components was necessary in order to understand the movements of the group as a whole. The
margins for passenger cars were found to display trends
at variance with those shown by the margins of the
other items classified as durable. However, if passenger cars are eliminated from the group, the trend is
found to parallel that for the average margin of all consumption commodities but at a level approximately
one-third higher. Lower rates of turnover and the complexity of services involved in selling durable commodities, notably costs of handling trade-ins and for some
commodities costs of installation, are factors contributing to this higher level.
Gross Margins for Minor Commodity Groups.
The year-to-year changes by major groups reflect
more than the trends of the margins of the commodities
within a group; they are influenced by shifts in the
relative importance of the various commodities. This
is especially true in cases where there is a marked divergence in the margins of these commodities. For instance,
passenger cars constituted only 31 percent of the dollar
value of all durable consumption commodities purchased
16
SURVEY OF CURRENT BUSINESS
July 1942
Table 3.—Transportation Charges (Producers to Distributors) and Gross Margins, by Minor Commodity Groups, for Specified
Years
Minor commodity groups
Transportation charges (producers to distributors) as percentage of commodity values
at destination
1935
All consumption commodities 2
Perishable consumption commodities:
1. Manufactured foods a n d kindred products
2. Nonmanufactured foods
3. Cigars, cigarettes, tobacco, a n d smoking supplies
4. D r u g preparations a n d household medical supplies
5. Toilet preparations
6. Cleaning a n d polishing preparations
7. Magazines, newspapers, a n d other printed matter
8. Stationery a n d writing supplies
9. Miscellaneous household paper products
10. Toys, games, sport supplies
11. Manufactured household illuminating and heating products-_
12. Nonmanufactured household fuels
".
13. Fuels for passenger cars
All perishable consumption commodities 2
Semidurable consumption commodities:
14. Clothing a n d accessories
15. Shoes a n d other footwear
16. Personal furnishings
17. Drygoods a n d notions
18. Semidurable house furnishings
19. Replacement tires a n d tubes
20. Passenger car replacement parts and accessories _.
All semidurable consumption commodities
Durable consumption commodities:
21. Household furniture
22. Floor coverings
23. Miscellaneous durable house furnishings
24. H e a t i n g a n d cooking apparatus
25. Refrigerators, washing machines, and sewing machines
26. Electrical household appliances
27. Other household appliances
28. China, glassware, tableware, a n d household utensils
29. Radio a p p a r a t u s a n d phonographs
30. Pianos a n d organs
31. Other musical i n s t r u m e n t s . .
32. Clocks a n d w r atches
33. Jewelry a n d sterling silverware
34. Books a n d other durable printed m a t t e r
35. Writing e q u i p m e n t
36. O p h t h a l m i c products, surgical a n d orthopedic appliances
37. Monuments and tombstones
38. Luggage
39. Wheel goods, durable toys and sports equipment
40. P assenger cars
41. Pleasure-craft
All durable consumption commodities
5.6
1939
Wholesale gross margin
1929
1933
4.5
7.0
14.3
7.1
16.1
1.2
3.6
4.5
4.5
3.6
3.6
3.6
3.6
17.6
)
13.0
8.4
!
4.9 |
12.1
1.2 !
3.5
3.8
3.8
3.5
3.5
3.5
3.5
17.2
(
12. 1
6.4
6.1
4.3
8.8
1.1
2.2
4.4
4.4
2.1
2.1
2.1
2.1
11.1
(
10.7
5.8
5.6
13.8
.9
3.5
3.9
3.9
3.5
3.5
3.5
3.5
22.6
(3)
14.3
7.3
10. 5
12.6
8.5
17.8
30.4
16. 3
16.8
26.3
15.5
18.9
10.2
(3)
18.0
12.4
2.1
2.1
2.1
1.4
2.1
1.6
1.5
2.0
3.6
3.6
3. 6
1.8
3.6
1.9
2.8
3.3
3.5
3.5
3.5
1.6
3.5
1.5
2.7
3.2
3.5
3.5
3.5
2.1
3.5
1.6
2.3
3.3
12.8
12.8
31.7
11.6
21.8
12,1
20. 5
14.2
32.1
15. 6
15.0
28.0
18.1
19.0
12.7
(3)
23.8 !
14.4 j
11.8
13.9
28.9
11.8
27.4
13.2
30. 4
16.1
4.9
2.1
2.1
2.0
2.0
2.0
2.0
4.9
2.0
4.9
2.1
2.1
2.1
2.1
2.1
2.1
10.6
2.1
2.1
4.6
2.1
3.8
8.0
3.6
3.6
1.5
1.5
1..5
1.5
7.6
1.5
8.4
3.6
3.6
3.6
3.6
3.6
3.6
11.5
3.6
3.6
7.9
3.6
5.8
8.5
3.5
3.5
1.3
1.3
1.3
1.3
6.9
1.3
8.9
3.5
3.5
3.5
3.5
3.5
3.5
8.2
3.5
3.5
7.3
3.5
5.8
8.9
3.5
3.5
1.4
1.4
1.4
1.4
7.3
1.4
9.3
3.5
3.5
3.5
3.5
3.5
3.5
10.2
3.5
3.5
6.5
3.5
5.2
13.3
11.8
18.7
25.3
27.0
15.2
21.7
18.7
22.0
24.1
27.7
24.8
20.4
39.2
32.7
36.5
20.0
26.7
22.0
18.0
18.0
19.7
17.8
11.1
19.9
20.7
25.3
19.3
22.8
17.7
22.4 |
31.9 i
36.6
18. 6
20.1 I
36.2 i
35.3 '
39.9
20.0
22.8
18.7
15.7
15.7
19.4
1935
12.5
12.5
15.6 i
l
Retail gross margin '
1939
14.1
1929
1935
1939
29.6
32.8
29.0
12.6
14.2
5.5
19.8
38.2
15.5
15. 1
20.1
17.3
17.9
12.2
(3)
!
(3)
14.4
18.7 I
11. 1 ! 13.3
25.1
26.5
32.1
30.4
30.4
18.9
22.7
37.7
32.2
29.4
27.2
28.5
34.7
30. 5
30.2
30.2
19.3
22 2
36' 4
29.8
29.6
33.2
25.5
28.5
25.3
28 2
28.2
17.7
22.4
35.3
29.0
28.6
27.6
26.1
30.5
26.2
29.1
29.1
20.4
21.5
32 9
26.6
31.3
29.5
23.6
26.3
27.8
29.9
24.8
26.1
22.4
26.7
11.0
11.7 i
26.3 !
10.1
21.8
12.3
24.5
14.5
11.8
12.2
30.1
9 6
19.8
15.3
26.9
15.1
33. 6
32.0
32.5
29.1
44.0
24.2
30.4
33.1
38.4
35.8
34.7
55.4
30.5
37.4
38.1
35.6
31.9
32.0
31.3
47.7
28.7
34.1
35.3
36.1
31.4
31.8
31.9
49.5
29.0
34.2
36.0
18.2
12.7
18 2
22.5
21.4
17.7
19.7
19.4
18.6
25.7
29.5
18.5
15.9
29.6
29.2
38.7
20.0
20.4
20.7
12.8
12.8
16.4
19.4
13.2
16.0
21.8
18.2
16.0
19.6
19.7
18.9
21.4
24.7
16.8
18.4
28.8
32.4
36.2
20.0
16.5
17.8
12.8
12.8
16.7
33.1
34.3
36.8
45.2
33.3
43.6
35.5
38.8
44.8
35.3
35.3
42.3
40.2
40.2
46.4
60.5
50.0
40.4
32. 8
25.4
25.4
34.0
40.7
38.8
46.7
46.2
34.9
48.1
40.3
52.4
46.8
42.3
42.3
48.1
48.3
41.6
48.6
61.3
50.0
45.0
34.4
22.2
22.2
37.9
38.6
36.9
38.8
40.1
30.9
43.7
34.8
39.9
41.4
42.5
42.5
42.7
42.6
39.7
42.9
58.6
50.0
38.9
32.6
18.1
18.1
31.2
38.536.6
49.5
34.6
30.6
39.7
35.7
33.6
36.4
40.2
40.2
44.3
44.0
35.6
37.1
57. 1
50.0
34.4
32.8
16.9
16. 932.1
9.3
12.2
5.9
15.2
27 8
12! 4
14.8
22.1
15.4 I
19.8 !
9.4 I
1 Gross margin is the difference between cost of goods sold and net sales, expressed as a percentage of net sales.
2 Excludes nonmanufactured household fuels for which data are not available.
Data are not available.
Source: U. S. Bureau of Foreign and Domestic Commerce.
3
in-1933 as compared with 39 percent in 1935. The
retail gross margin for cars during this period dropped
from 22 to 18 percent, which is only two-thirds of the
margin for the group as a whole. Relationships such
as these, together with the usefulness of data covering
specific types of commodities, make the presentation of
gross margins by minor commodity groups (table 3)
desirable. The table is confined to the 4 years for
which business censuses were taken because of the
larger amount of basic data available and the fact that
these years serve as convenient benchmarks; 1929 and
1939 were years of relative prosperity, 1933 a year of
depression, and 1935 a year of recovery.
It may be noted that for both wholesale and retail
margins the dispersion within each of the major commodity groups is considerable. Moreover, there are
interesting differences in the movements between the
specified years exhibited by the minor commodity
groups, even though there is a general tendency for
the margins to fluctuate inversely with the business
cycle. All these differences would seem to offer a
fruitful field of investigation for marketing and com
modity specialists.
Sources and Methods
Transportation Charges.—Freight revenue as a percent of the
value at point of destination of goods being transported has been
computed periodically by the Interstate Commerce Commission
for each of its 157 commodity classifications.6 In addition to
making estimates for the intervening years, it was necessary to
revise the earlier I. C. C. studies due to an improvement in
methodology developed in the 1939 report. Separate ratios were
computed for the 89 I. C. C. commodity classifications that were
found to be related to one or more of the 41 groups of consumption commodities in the final products classification (listed in
table 3). Each ratio wTas obtained by relating the freight revenue
per ton of freight carried to the value of the commodity per ton
at point of destination.
Freight revenue per ton of freight carried was computed by
dividing the amount of freight revenue from total tons carried
by the number of tons of revenue freight originated or terminated,
whichever was larger.7 Since much of the tonnage originated
by Class II, Class III, and other railways contiguous to Class I
railways, is delivered to Class I railways for further haul and
delivery at destination, the number of tons terminated better
represents the volume of certain commodities handled by Class
6
Interstate Commerce Commission, "Freight Revenue and Value of Commodities
Transported on Class I Steam Railways in the United States," for the calendar years
1928, 1930, 1933, 1936, and 1939 (Statement Nos. 29111, 3242, 3552, 3747, and 4C45).
7
Published annually by the Interstate Commerce Commission in table 3 of
"Freight Commodity Statistics, Class I Steam Railways in the United States."
SURVEY OF CURRENT BUSINESS
July 1942
I railways than the tons reported as originated by them. Hence,
the number of tons originated, or terminated, whichever was
larger, was used.
The value of each commodity group at producers' delivered
prices was computed in the I. C. C. studies by averaging with
appropriate weights wholesale price data obtained from various
sources such as the Bureau of Labor Statistics, the Bureau of
Mines, the Department of Agriculture, and the Department of
Commerce. Price series for the intervening years were obtained
as far as possible from the same sources to provide an unbroken
series of comparable values for each group of commodities.
For those groups in which other forms of transportation
carried a substantial proportion of the total amount shipped
and for which sufficient data were available, the percentages
derived from the I. C. C. data on railroads were supplemented
to provide the average ratio of the total cost of all types of
transportation to the value of the goods conveyed. Thus data
on the movement of petroleum products through pipe lines and
nonmanufactured foods by truck were analyzed and included
in the final transportation ratios.
Wholesale Gross Margins.—The detailed kinds of business
reported in the Wholesale Censuses for 1929, 1933, 1935, and
1939 were first classified so as b3st to correspond with the minor
commodity groups. Operating expenses as a percentage of net
sales were then computed for each type of distribution: Service
and limited function wholesalers, manufacturers' sales branches
(with stocks), manufacturers' sales offices (without stocks), and
agents and brokers. These percentages were averaged by
weighting the different types by the relative volumes of sales
to retailers and direct to home consumers. Since not all the
Censuses reported in corresponding detail, adjustments of the
sort describsd bslow for "jewelry" had usually to be made.
No allowance was made for the services of proprietors of unincorporated establishments, but this omission results in an
understatement of the ratio of total operating expenses to net
sales of only a fraction of 1 percent.
Principal sources used to interpolate Census year expense
ratios for intercensal years were the series of wholesale surveys
made by Dun and Bradstreet, and Distribution Costs, An International Digest, Graduate School of Business Administration,
Harvard University, 1941. When appropriate wholesale data
were lacking, the movement of the comparable group expenseratios for retail trade were used.
Profit and loss allowances required to translate the expense
ratios into gross-margin ratios were derived from the special
wholesale surveys whenever possible. For the remaining
groups gross margin-expense relationships developed for comparable retail groupings were used. Whenever possible the
adequacy of the profit and loss allowances was checked by
comparison with Statistics of Income data for wholesale corporations, 1929-39, and with unpublished tabulations for noncorporate wholesale concerns for 1936 and 1939.
Retail Gross Margins.—Operating expenses as a percentage of
net sales for comparable types of stores most closely related to
the various minor commodity groups were derived for 1929, 1933,
1935, and 1939 from the Retail Censuses. For 1939 the Census
reported only pay rolls; allowances for other operating expenses
were based on the 1935 relationship of all operating expenses to
pay rolls. Since the 1933 Census of Retail Trade alone included
a satisfactory allowance for the services of proprietors and firm
members of unincorporated establishments, a similar adjustment
to the expense data had to b3 made for the other census years.
This was done on a basis comparable with that for 1933.
408808—42
3
17
Expense-ratios derived from a wide variety of sources were
used to interpolate for intercensal years. Operating results of
department and specialty stores by commodities and by size of
stores were obtained from annual reports on Departmental Merchandising and Operating Results of Department Stores and Specialty Stores published by the Controller's Congress of the
National Retail Dry Goods Association. Special studies made
by Dun and Bradstreet, by the Federal Trade Commission, and
by the Harvard University Bureau of Business Research, and
by various trade groups provided additional ratios for many
kinds of businesses.
These sources also provided the basic data for the profit and
loss allowances required to translate the expense ratios into grossmargin ratios. Whenever possible the adequacy of the derived
profit and loss allowances were checked by comparison with
Statistics of Income data for retail corporations, 1929-39, and
with unpublished tabulations for noncorporate retail concerns
for 1936 and 1939.
For further clarification of the actual procedure involved in
estimating the wholesale and retail margins, the "jewelry and
sterling silverware" group is describsd. Reported net sales and
operating expenses were obtained from the Wholesale Census of
1939 for each of the four general types of jewelry wholesalers,
i. e., service and limited function wholesalers, manufacturers'
sales branches (with stocks), manufacturers' sales offices (without stocks), and agents and brokers. Ratios of operating expenses
to net sales were computed for the four types and a weighted
average calculated on the basis of the relative amounts of sales
to retailers and ultimate consumers. The same procedure was
followed for the three earlier census years except that for 1929
the lack of sufficient data on the distribution of sales made it
necessary to use the weights derived for 1935. A slight adjustment was also required in the 1933 ratios because of the less
detailed break-down of sales as compared with 1935. This too
was based on 1935 relationships.
The ratios for census years were interpolated for intercensal
years by using a weighted average of ratios derived from annual
studies of the National Wholesale Jewelers Association (reprinted in the Harvard digest of Distribution Costs) and from a
Dun and Bradstreet survey for 1933 and 1934 of wholesale
jewelry concerns. Aggregate sales represented by each sample
were used as weights. Net profit or loss ratios for the entire
period were derived from the sample surveys and added to the
operating expense ratios to obtain the wholesale gross margin.
Operating expenses as percentages of net sales for retail
jewelry stores were computed for 1929, 1933, 1935, and 1939
after making an allowance for proprietors' services in 1929,
1935, and 1939 on the basis of the method suggested in the 1933
Census. An additional adjustment was necessary in 1939 because pay rolls alone were reported in that year. The 1935
ratio of total expenses to pay rolls was used as a basis for this
adjustment.
Two studies provided ratios with which to interpolate for
intercensal years: One of retail jewelry stores made by Dun and
Bradstreet for 1933-36 and 1939; and one of jewelry departments
of department stores made annually by the Controller's Congress
and published in its reports on Departmental Merchandising and
Operating Results. These sources also provided the profit and
loss ratios from which the allowances required to translate the
expense ratios into gross margins were derived. The profit and
loss ratios derived for 1936 and 1939 were checked against those
reported for a sample of noncorporate retail jewelry stores in an
unpublished tabulation of income-tax returns.
18
SURVEY OF CURRENT BUSINESS
July 1942
State Distribution of Income Payments
1929-41
by Daniel Creamer and Charles Merwin
W
ITH INCOME payments to individuals advancing a record 20 percent on a Nation-wide basis
between 1940 and 1941, all States showed substantial
gains in this flow of income. The gain naturally was
not equally distributed among the several States.
Relative increases ranged widely in diversely constituted
areas, from 15 percent in Vermont and New York to
33 percent in North Dakota. (See table 1.)
Farm States benefited greatly from the marked participation of agriculture in the 1941 increase in income
payments. Thus while many of the highly industrialized States scored better-than-average advances—Massachusetts, New York and Illinois being important
exceptions—equally impressive gains were made also
in the important agricultural States of Iowa, Kansas,
the Dakotas, and Wyoming. This is in contrast to 1940
when a lag in agricultural income limited the rise in
income payments in many States. In 1941 the service
industries (communication, finance, services proper,
and miscellaneous) were the major industrial sectors
of the economy that responded sluggishly.
It is evident therefore that the income payment
flows generated by the war effort in 1941 were not
restricted to those few States which received the bulk
of the primary contract awards. For this, there are
two obvious reasons.
First, there is the fact that existing figures on the
State distribution of war orders cover only primary
contracts. Subcontracting and purchasing of materials
are important elements of the war production program,
and the geographical location of primary contracts often
indicates little more than the place of final assembly.
In other words, the total of armament production,
including that on secondary and tertiary as well as
that on primary contracts, is not distributed geographically in the same fashion that defense contract awards
are divided.
Even more pervasive in its effects on the State distribution of income are the repercussions upon all
industries resulting from armament outlays. When,
for example, the income of persons in Michigan is
increased through work on defense orders these persons j
increase their purchases of food from the farm States,
of clothes made in the East, and of tourist services in
the Northeast, South, and far West. Thus the income
derived from a war contract, even a secondary one, let
in a particular State finds its way to many other States.
Despite the unprecedented expansion induced by war
expenditures there were six States in which income
payments were still under the 1929 level: Nebraska,
Oklahoma, New York, South Dakota, Vermont, and
Illinois. Two of these—Nebraska and South Dakota—•
appear to be explained by the results of the droughts.
In Oklahoma the singular lack of recovery in the oil
industry was largely responsible. In Vermont, agriculture, a relatively important industry, has responded
slowly. In New York and Illinois there has been a
less-than-average recovery in manufacturing, mining,
contract construction, and service industries which are
relatively important in these two States.
The fact that certain States continued below pre-war
levels serves to raise the question of the extent to which
pre-war trends were continued into the 2 war years.
That is, did the States that had smaller relative declines
than the national average from 1929 to 1939 continue
to do better than the national average from 1939 to
1941? Conversely, did the States that sustained larger
relative declines than the national average over the
pre-war decade continue to lag behind the national
average over the war period?
Measured in terms of total income payments, continuity of trend was maintained in 24 States. A closer
examination, however, discloses that in several of these
States the maintenance of continuity resulted from a
shift in the source of income payments. For example,
North and South Carolina, Georgia, and Tennessee had
a better-than-average experience over the pre-war
decade because of the relatively rapid rate of manufacturing developments. Their relative prosperity continued during the war period but this was largely due to a
disproportionate increase in Government pay rolls (hi
this case, payments to the armed forces).
Special situations, as the latter, which cannot be
regarded as continuing or initiating a structural change,
also affected certain of the agricultural States. Thus,
North Dakota, Kansas, and Mississippi had a less-thanaverage experience in the pre-war period but a betterthan-average record in the 2 war years. The latter
resulted very largely from price increases for agricultural
products rather than from changes in the composition
('f rpicultural production or from the expansion of the
physical volume of production.
Because of the effect of special circumstances on
regional pre-war and war trends, the discussion should
not be based on a measure such as total income payments to individuals that is so broad as to conceal
important differences. Income originating in commodity-producing industries other than agriculture
may well be an appropriate base because of the critical
importance of these industries in conditioning the
economic structure of a region. It is necessary first,
however, to have clearly in mind the content of income
payments and their method of measurement.
Content of State Income Payments.
In table 6 are presented estimates of income payments
to individuals 1 classified by State and by type of payment for the years 1929-41. Income payments comprise (1) salaries and wages net of pay-roll deductions
for social insurance, (2) other labor income such as
pensions, compensation for injuries, direct and work
relief, and social insurance benefits, (3) entrepreneurial
income, representing the net earnings, before owner's
withdrawals, of unincorporated businesses (including
farmers),2 and (4) dividends, interest, and net rents
and royalties received by individuals.
The total of income payments to individuals differs
from national income principally because retained
earnings of corporations are excluded from the former
aggregate and included in the latter. Another difference between the two series—of considerably less
magnitude—arises from the manner in which social
insurance pay-roll deductions and benefits are handled.
Finally, income payments include, and national income
excludes, such transfer items as direct relief and
adjusted-service certificates (the Soldiers' Bonus).
Income payments are distributed among the States
on a where-received basis—a convention dictated
largely by the nature of available data.3 A State
1
The totals for income payments shown in this article differ from those given in
this Department's monthly income payments releases because it was not possible
to distribute certain items by States. These items are pay rolls of the Army abroad,
part of regional Work Projects Administration offices, and Navy enlistees "at large"
(the bulk of the naval personnel pay rolls are distributed by State of enlistment);
a small amount of pensions, retirement pay, and workmen's compensation; and a still
smaller amount of pay-roll deductions for social insurance. The net total of these
items, required to balance the State estimates of income payments with the national
totals shown in the monthly series, follows (in millions of dollars):
1929
1930
1931
1°32
1933
19
SURVEY OF CURRENT BUSINESS
July 1942
_.'_
.._
48
43
4o
47
36
1934
1935
1936
1937
1938
50
67
qq
75
52
1939
1940
1941
530
203
469
The pay-roll items in these totals affect only the Government component of the estimates.
2
Previous year's estimates of State income payments included the item of entrepreneurial income for agriculture, and entrepreneurial withdrawals for the other
industries. In the present estimates entrepreneurial income is used for all the industries. Entrepreneurial income differs from entrepreneurial withdrawals in that the
former includes, and the latter excludes, savings of unincorporated business units.
In either case, these items are taken before deduction of individual income or other
persona] taxes.
3
Salary and wage estimates are derived in the first instance from reports of the
Bureau of the Census, in which establishments, not employees, are classified by
States. Therefore it sometimes happens—particularly in States such as New York,
New Jersey, Maryland, and Virginia and in the District of Columbia—that the
employee resides in another State from that in which he works. No adjustment of
the total income-payments estimates was attempted on this score, but in computing
the estimates of per capita income payments the income figures of certain States were
converted to a residence basis corresponding to that of the population estimates.
That is, before computing the per capita income, a portion of the total income payments attributed to New York was allocated to New Jersey, and a portion of that
attributed to the District of Columbia was allocated to Maryland and Virginia.
The magnitude of these adjustments is indicated in footnotes to the estimates for
the affected States in table 6.
(Footnote 3 continued in following column)
distribution of salaries and wages and entrepreneurial
income on a where-produced basis would not be markedly different from the where-received distribution
shown here. But a where-produced distribution of
the capital return items—-that is, an allocation of these
items to the State in which the capital was located
rather than that in which the owner resided—would
result in estimates strikingly different from, and equally
significant with, those shown here. Unfortunately,
the data necessary for a where-produced allocation of
these capital return items are not available.4
Gross Section of Industrial Structure in 1939.
A cross section view of the industrial structure of
income paymenis in each State in 1939 is provided by
table 2,5 which shows the percentage distribution by
broad industrial groups of salaries and wages plus
entrepreneurial income.
The proportion of the total labor income originating
in the distributive industries (wholesale and retail
trade, transportation, and electric light, power and gas)
is remarkably similar from State to State; it exhibits
far less variation than that arising m any of the other
broad industrial divisions noted in table 2.
The degree of concentration of population in metropolitan areas would seem to condition in large part the
proportions of the total labor income arising in the
service industries (communication, finance, services
proper, and miscellaneous). The high percentages for
such States as New York, Massachusetts, Maryland,
Florida, and California evidence this tendency. InterState variation in the relative importance of labor
income in the service industries is somewhat greater
than in the distributive industries, but decidedly less
than in the commodity-producing industries.
In contrast to the service industries, the percentage
of labor income arising from Government employment
appears to be inversely related to population density.
4
For descriptions of earlier estimates of State income payments see the April 1940
and the August 1941 issues of the Survey of Current Business. For a comprehensive
explanation of the concept of income payments, see this Bureau's publication,
"Monthly Income Payments in the United States, 1929-40", by Frederick M. Cone,
obtainable from the Superintendent of Documents, Washington, D. C , for 10 cents.
5
For this analysis 1939 figures were used because it is the last pre-war year and
because the censuses for that year make the State distribution more reliable than in
earlier years.
(Footnote 3 continued)
Entrepreneurial income is also distributed by States on the basis of Census reports,
but it is unlikely that the disparity between residence of owner and location of his
establishment is sufficiently serious to distort these estimates. The items of capital
return—dividends, interest, and net rents and royalties—are distributed among the
States on the basis of the reporting of these items on Federal income tax returns of
individuals. Federal income tax returns are filed, by and large, in the State of residence, although in several States a discrepancy undoubtedly arises on this account.
In one of these, Delaware, collateral information permits making a downward adjust
ment of the dividend item necessitated, apparently, by nonresidents of Delaware
filing their Federal returns in that State. The amount of this apparent overstatement of dividends received by residents of Delaware was distributed among several
East Coast States in proportion to the dividends previously recorded for those
States.
In the case of salaries and wages and entrepreneurial income the basic data permit
an industrial classification of the State estimates. Such is not the case, however,
for the items of capital return, and consequently total income payments cannot be
cross-classified by State and industry.
20
SURVEY OF CURRENT BUSINESS
Julv 1942
Highest percentages are found in sparsely settled region must be counted as developing areas with respect
States such as those in the Great Plains and the Rocky to labor income originating in the manufacturing, conMountains (the District of Columbia is an obvious struction, and mining industries over the 1929-39
exception). Apparently there is a certain minimum period.
In summary, the pre-war regional pattern that was
of governmental service that is provided regardless of
emerging in commodity producing industries, as
the absolute size of the population.
The large part played by agriculture in the West measured by salary and wage payments and net entreNorth Central, East and West South Central, Mountain preneurial income, involved a relative decline in the
and Pacific States is apparent. The commodity-pro- Northeast, with the exception of Maine, Connecticut
ducing industries of manufacturing, construction, and and New Jersey, as well as a relative decline in the
mining were relatively important in the eastern, East Middle West with the important exceptions of Michigan
North Central, and certain of the South Atlantic States. and Indiana. Relative advances, aside from the exThese are the industries that can be expanded most ceptions just noted, were concentrated in the South—•
readily, and in time of War must be expanded, and there- particularly Maryland, Virginia, the Carolinas, Tenfore are of cardinal importance in attempting to trace nessee, and Texas, and in the Far West.
changes in the regional economic pattern.
Changes in Labor Income, 1939-41.
Changes in Labor Income, 1929-39.
To what extent were these trends continued during
Attention is first turned to the relative changes in the war years, 1939 to 1941? Column 4 of table 1
salary and wage payments and net entrepreneurial provides part of the answer. It should be noted, first
income originating in manufacturing, construction, and of all, that the increase in labor income between 1939
mining during the pre-war years, 1929-39. For the and 1941 in the commodity producing industries other
country as a whole the decline in such labor income than agriculture was substantial in every State, ranging
arising in these commodity production industries from 20 percent in Wyoming to 106 percent in Delaware.
amounted to 23 percent. Those States in which the The increase for the entire Nation amounting to 64
percent decrease was less than 23 percent or, more par- percent is indicative of the all-pervasive effect of war
ticularly, registered increases may be regarded as expenditures. The variations about this average may
developing areas. In New England, Maine and Con- be used to determine the extent of continuity with the
necticut made a better-than-average showing over the changes of the pre-war decade.
period, while in the Middle Atlantic region. New Jersey
It has just been shown that over the pre-war decade
was the only State in this class. Especially note- 28 States either had decreases less than the country as
worthy is the fact that in New York the labor income a whole or actual increases in labor income originating
paid by the three industry groups was 34 percent less in the commodity-producing industries other than agrithan the amount paid out in 1929; this was as large as culture. Over the war period 1939-41, 12 of these 28
any decline in the highly industrialized States.
States had increases greater than the national average.
A decline of equal magnitude also occurred in Illinois. These States then continued to be developing areas.
Michigan and Indiana were the only States of the East It is interesting to note that the States in the Piedmont
North Central region in which industrial developments Plateau (North and South Carolina, Georgia, and
were more favorable than in the country generally. Alabama), where the most rapid strides of industrialiIn the adjoining area of the West North Central region zation of the South occurred between 1929 and 1939,
there were three such States, Minnesota, Iowa, and were not among the 12. Gains relative to the national
average in the South were largely restricted to the
South Dakota.
The most favorable showing was made in the South northern tier of States (Delaware, Maryland, and
Atlantic region where four States, Maryland, Virginia, Virginia). Equally significant are the continued gains
North Carolina, and South Carolina had positive in- in the three Pacific Coast States.
To the 16 of the 28 States that failed to make relative
creases ranging from 1 to 21 percent and each of the
advances
in both periods must be added three States
remaining States had decreases that were smaller than
in
the
old
"manufacturing belt," Khode Island, Pennthe national average. In the East South Central region
sylvania,
and
Ohio, which did register relative gains
too the decline in none of the States exceeded the nain
the
war
period
but not in the pre-war decade.
tional decline, while in the West South Central States
Special
note
should
also
be made of the fact that such
this was true of Louisiana and Texas. Four States in
highly
industrialized
States
as Massachusetts, New
the Mountain region made a better-than-average showYork,
and
Illinois
continued
to
do less well than the
ing but it should be noted that in these the relative
Nation
as
a
whole.
improvement is attributable to the construction indusThus, regardless of pre-war trends those States given
try, probably financed by Federal funds. This was
true particularly of Nevada and New Mexico where over mainly to the production of semidurable consumers
hydroelectric power installations were being constructed. goods, such as the Carolinas and New York, did less
As would be expected, the three States of the Pacific well than the country at large, while those States
SURVEY OF CURRENT BUSINESS
July 1942
processing metal and metal products, such as Pennsylvania and Ohio, did better than the national average.
The extent of continuity of the regional economic
pattern in the pre-war and war years is indicated by the
fact that in 29 States there was no reversal in trend, 12
representing continuing favorable development, and 17
continuing unfavorable development. Among the 19
States in which there was a reversal of trend, the reversal
assumed the form of a change from unfavorable to
favorable in three States, and from favorable to unfavorable in 16 States. Any judgment on how temporary these reversals in trend may be must wait upon
further developments of the war.
The industrial and type-of-payment distributions of
State income are interrelated, each helping to condition
the other. Hence, the analysis in this section could
be greatly extended not only by bringing into view the
industrial distributions for other years, but also by
comparing the industrial distribution with the type of
payment break-down shown in table 6. Space does not
permit us to pursue the analysis further here.6
Per Capita Income Payments.
For reference purposes table 4 shows per capita income payments by States for 1929 and 1940. These
figures differ from those shown in the August 1941
Survey of Current Business article on income payments
by States, not only because the income payments estimates have been revised but also because the population
estimates were corrected as a result of the decennial
census. Population estimates by States are not available for 1941 because the customary procedure for estimating population changes in the States—mainly by
figures on births and deaths—is inadequate in a year
such as 1941 when migrations to defense-work areas are
extensive. Pending a special study of the 1941 State
distribution of population, per capita income payments
estimates for that year have been omitted.
Table 1.—Percentage
Change in Income Payments and Labor
Income x in Manufacturing, Mining, and Construction,
for Selected Years, by States
Region and State
Percentage change in
total income payments
I
United States total.
New England:
Maine
New Hampshire
_
Vermont
Massachusetts
Rhode Island
Connecticut
Middle Atlantic:
New York
New Jersey
Pennsylvania
See footnotes a t end of table
20
30
-14
64
-23
100. 0
20
1(3
15
19
22
26
29
20
22
28
30
*40
*— 10
*-12
-21
-18
-17
*-10
57
53
61
60
*67
*93
-11
-30
-35
-33
-27
-17
.6
.5
2
4^8
1.0
2.6
22
*33
29
Of)
*78
*66
-34
-19
-30
13.8
5.1
11.2
15
20
20
*-13
-21
Table 1.—Percentage
Change in Income Payments and Labor
Income l in Manufacturing, Mining, and Construction,
for Selected Years, by States.—Continued.
Region and State
6 Persons interested in pursuing this type of analysis further may obtain, from this
Bureau,
mimeographed tables showing, separately for each State, the industrial break
down of gross salaries and wages and of entrepreneurial income for the years 1929-41.
Labor income in
manufacturing, mining,
and construction
Percentage change in
total income payments
Percent change Percent
distribution,
1939
-41 1939-41
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin
West North Central:
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas
South Atlantic:
Delaware
Maryland
District of Columbia 2 - Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
Mississippi
West South Central:
Arkansas
Louisiana
Oklahoma
Texas
Mountain:
Montana
Idaho
Wyoming
Colorado
New Maexico
Arizon
Utah
Nevada
Pacific:
Washington
Oregon
California
24
28
19
27
22
*33
*38
29
*42
29
-16
* —8
-24
-13
-18
60
*83
55
-24
*-15
-34
*-9
-28
8.0
3.3
8.2
6.9
16
23
17
33
25
17
23
20
21
22
*41
27
23
*32
*-5
*-9
— 17
-22
-22
-27
-24
43
35
40
36
23
31
44
*-16
*-16
-26
-33
*3
-28
-31
1.3
.9
2.1
.1
. 1
.3
21
24
*42
*36
*
*106
*82
"I
Q
24~ ~""~*38
19
30
21
30
23
*37
23
*34
16
28
*8
*9
* —6
*16
*68
52
47
60
58
*66
*—9
.3
1.6
.3
1.3
1.7
1.7
.7
1.0
.6
20
26
30
26
28
*37
*45
*42
-13
*_7
-17
-22
52 ' * - 1 3
59
*-l
*81 * - 1 4
61
-23
1.1
1.1
1.0
.3
28
19
18
19
*34
24
23
27
-16
*_ 4
-24
*-2
43
49
28
40
-32
*-15
-47
* (3)
.3
2.3
18
18
22
16
17
25
18
14
28
26
27
22
25
24
30
23
*-9
*_4
*-6
*18
*-6
*-9
*14
57
32
20
36
33
36
52
39
-26
*-15
-33
*-17
*20
-38
-28
*4
.3
.2
.1
.5
.2
.2
.3
.1
29
23
19
*43
-31
*31
*-9
*_4
*-3
*72
*70
*82
*-14
*-5
1.3
.7
5.0
*
9
"~*9
*-10
*18
*21
1
That is, salaries and wages plus entrepreneurial income.
23 Omitted from analysis.
Less than 1 percent.
* Asterisk denotes better-than-national average.
Table 2.—Percentage Distribution of Salaries, Wages, and
Entrepreneurial Net Income by Industry Groups and
States, 1939
Percentage distribution
Region and State
Labor income in
manufacturing, mining,
and construction
Percent change j Percent
| distribut ion,
19(0-41 1939-41 1929-39
j 1939
21
United States total
New England:
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Middle Atlantic:
New York
New Jersey
Pennsylvania
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin
West North Central:
Minnestoa
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas
Other |
com- |
All
Agri- jrnodity-j Distri- Service Governindus- culture
j
producbution
| ment
tries
j ing inidustries
100.0
8.8
100.0
100.0
100.0
100.0
100.0
100.0
9. 7
5.3
16.1
1.7
1.1
3.2
100.0
100.0
100.0
1.8
2.3
3.2 |
26.3
23.4
31.9
38.3
28.0
35. 8
45.3
45.2
24.4
20.6
22.4
25.6
22. 3
20.2
23.5
22.2
21.9
25.3
20.2
23.0
10.5
13.6
11.6
11.6
11.1
8.4
27.2
39. 8
42.4
28.6
24.0
24. 6
31.8
23. 5
20.5
10. 6
10.4
9.3
100.0
100.0
100.0
100.0
100.0
5.8
11.4
6.8
5.5
14.0
40.4
38.8
33. 3
45.7
34.0 I
25.0
23.1
27.6
21. 9
23.4
19. 9
17.9
23.3
17.1
18.1
8.9
8.8
9.0
9.8
10.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
18.0
34.4
10.9
39.2
35.3
22.7
18.7
19.5
15.8
24.8
5.9
10.1
12.0
17.3
29.9
23.1
31.8
25.2
21.8
29.4
29.8
21.3
17.0
23.1
16.2
18.7
22.6
20.0
11.3
9.7
9.4
13. 5
14.1
13.3
14. 2
I
I
|
I
22
SURVEY OF CURRENT BUSINESS
Table 2.—Percentage Distribution of Salaries, Wages, and
Entrepreneurial Net Income by Industry Groups and
States, 1939—Continued
July 1942
Table 3.—Percentage Distribution of Income Payments by
States, 1929, 1939, 1941—Continued
Region and State
1929
1939
1941
Percentage distribution
Region and State
All
industries
South Atlantic:
Delaware
Maryland
District of Columbia_
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
Mississippi
West South Central:
Arkansas
Louisiana
Oklahoma
Texas
Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona...
_
Utah
Nevada
Pacific:
Washington
Oregon
California
Other
comDistri- Service
Agri- modity- bution
culture producing industries
Government
25. 3
27.4
18.8
25 7
2L8
19.8
19.9
26.1
31.7
20.5
12.3
6.5
20.6
21.2
16.9
11.1
37.8
31.4
8.6
25.8
47.2
31.7
29.2
23.5
15.1
17.5 I
18.0
23.2
30.1
9.6
10.9
47.1
14.0
8.7
10.4
11.7
10.3
12.0
100.0
100.0
100.0
100.0
18.5
15.0
17.4
32.9
26.4
26.9
29.6
15.7
24.7
25.3
23.3
21.4
19. 4
21.5
18.5
17.1
11.0
11.3
11.2
12.9
100.0
100.0
100. 0
100. 0
32.0
15.2
19.6
18.5
14.9
21.3
20. 4
19.2
23. 6
28.8
27.0
29.3
18.2
22. 2
19! 9
22.0
11.3
12.5
13.1
11.0
100.0
100. 0
100.0
100.0
100. 0
100.0
100. 0
100. 0
23.1
28.6
27.0
14.1
23.9
16.0
14.0
12.0
20.2
17.4
19.3
19.9
16.8
21.2
22.7
25.5
27.0
25.2
25.0
28.9
26. 1
26.4
30.1
31.6
15.4
16.1
13.1
22. 7
16.3
19.4
19.8
14.7
14.3
12.7
15.6
14.4
16.9
17.0
13.4
16.2
100.0
100. 0
100.0
9.3
12.9
25.5
24.9
21.4
29.7
30.7
29.1
21.5
20.0
29.6
14.0
11.5
12. 1
100. 0
100. 0
100. 0
100. 0
100. 0
100.0
100 0
100. 0
100 0
6.8
4.2
7.8
26.1
25.5
South Atlantic:
Delaware
Maryland
District of ColumbiaVirginia
West Virginia
North Carolina
South Carolina
Georgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
M ississippi
West South Central:
Arkansas
Louisiana
Oklahoma
Texas
Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific:
Washington
Oregon
C alifornia
.28
1.36
1.21
.97
1.19
.55
1.16
.86
.30
1.55
1.14
1.43
1.03
1.50
.70
1.27
1.17
.33
1.63
1.13
1. 52
1.03
1.51
.73
1.32
1.15
1.17
1.11
1.00
.66
1.19
1.21
.96
.60
1.17
.66
1.05
1.27
3.14
.65
1.17
1.12
3.60
.77
.42
.31
.21
.82
.26
.33
.35
. 12
.40
.27
.19
.74
.19
.30
.33
.09
1.34
.74
6.31
United States, total..
New England:
Maine
New Hampshire.._
Vermont
Massachusetts
Rhode Island
Connecticut
Middle Atlantic:
New York
New Jersey
Pennsylvania
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin
West North Central:
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas
100.00
.55
.36
.26
4.60
.70
1.78
.57
.38
.24
4.39
.68
1.86
. 56
.35
.23
4.33
.68
2.01
17.76
3.90
8.91
16.07
3.97
8.24
15. 12
4.08
8. 23
5.96
2. 27
8.35
4.29
2.31
1.57
2. 65
.34
.37
.88
1. 11
5.87
2.43
7.36
4. 33
2.21
6.05
2.58
7.33
4.76
2. 19
1.96
1.66
2.56
.31
.33
1.81
1.55
2.42
.34
.32
.77
.25
.32
.35
.12
1.58
.84
7.27
Per capita
income
payments
in dollars
Region and State
Per capita
income
payments
in dollars
1929 i 1940
United States t o t a l .
1941
.40
.31
.20
1.43
.83
7.18
Table 3.—Percentage Distribution of Income Payments by
States, 1929, 1939, 1941
1939
.67
1.12
1.07
3.53
Table 4.—Per Capita Income Payments by States, 1929 and
1940
Region and State
Region and State
1.28
1.08
.66
New England:
Maine_ „__
N ew Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut.
Middle Atlantic:
New York
New Jersey .._
Pennsylvania
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin.
_
West North Central:
Minnesota
Iowa „
Missouri
. _.
North Dakota
South Dakota,
Nebraska
Kansas
South Atlantic:
Delaware
Maryland
District of Columbia..
679
579
South Uiantic—
\ lruinia
V, t-t \ nginia
561
508
"North Caiolma...
648
563
^outh Carolina..597
501
(r( ortria
900 I 772
Uv-rula
843 j 717
1 a t ^ou+h ( t ntral:
923
855
k<ntuck v .
1 ( HIM s«?te
- -. _
\Muma
1, 125 !
855
979 j
886
769 635
\\ i 4 south C( ntral:
748
584
913
745
654
646
54]
716
653
526
571
526
605
418
439
530
490
512
457
499
367
371
428
413
983
714
940
710
1.063
426
466
313
261
329
496
455
417
318
287
313
481
372
}54
313
274
316
320
268
220
__
297
415
442
452
247
366
355
423
._ .
613
508
684
594
364
577
548
849
579
452
607
540
363
463
499
846
713
651
945
644
576
\rkai sas
Louisiana
Oklahoma
11 \ is
Mount im
Mont nia
Idiho
^\omiT.g
( olorado
N( w M( \if o
Arizona
I tab
N ( \ a<' i
]'
(IMC
W asliiimton
(Utgon
California
- _
23
SURVEY OF CURRENT BUSINESS
July 1942
Table 5.—-Salaries, Wages, and Entrepreneurial Net Income, by Industry Groups and States, 1929, 1939 and 1941
[In millions of dollars]
1941
Region and State
Other
Agri- commodculture ity-producing
United States total
New England:
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Middle Atlantic:
New York
New Jersey
Pennsylvania
East N o r t h Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin
West North Central:
Minnesota
Iowa
M issouri
N o r t h Dakota
South Dakota
Nebraska
Kansas
South Atlantic:
Delaware
Maryland
District of Columbia.
Virginia
West Virginia
N o r t h Carolina
South Carolina
Georgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
M ississippi
West South Central:
Arkansas-.^
Louisiana
Oklahoma
Texas
Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific:
Washington
Oregon
California
1939
Distributive
Service
Government
Other
Agri- commodculture ity-producing
1929
Distributive
Service
16, 742
14, 506
12, 893
6,154
Gov-
Other
Agri- commodculture ity-producing
Distributive
Service
6, 458
21, 782
16,969
16,013
4,938
109
108
57
84
42
36
665
91
215
85
50
35
715
90
241
27
22
14
226
31
68
2,789
3,787
701
196
329
7,240
27, 475
17, 538
15,066
8,197
37
10
25
48
6
42
153
116
60
1,300
267
842
47
34
682
91
237
84
52
32
672
82
259
56
25
17
393
50
91
30
11
21
39
4
31
97
76
37
811
160
437
74
41
30
580
79
195
72
44
29
574
71
222
32
27
16
262
39
81
46
16
31
46
5
33
1,202
214
64
185
3,575
1,522
3,113
2,764
601
1,319
3,152
589
1,043
1,091
279
519
152
49
144
2, 303
3, 512
1,061
2, 686
263
223
385
192
276
2,296
976
2,200
2,114
671
1,043
428
1,456
729
359
775
303
1,121
512
270
336
143
435
297
141
191
161
281
139
179
1,332
432
305
448
216
149
114
155
207
314
212
497
15
24
68
139
369
261
540
55
47
151
195
271
193
386
34
43
112
132
139
105
177
25
31
65
92
202
340
156
72
68
99
104
14
47
107
477
103
363
435
413
193
276
151
47
284
158
280
166
212
103
243
223
36
262
201
223
114
180
89
202
214
16
141
419
211
60
145
116
154
130
9
35
163
160
156
175
272
302
305
88
229
176
90
158
181
126
73
106
133
105
83
192
115
204
554
78
208
160
541
100
214
174
678
78
168
142
522
60
136
104
330
97
83
53
97
53
43
41
79
43
29
120
32
54
71
24
56
40
153
44
58
78
44
35
19
116
28
43
49
12
36
30
24
74
29
40
36
14
130
99
445
362
210
1,508
216
116
1,309
240
72
645
128
46
234
90
163
301
182
1, 447
i, 029
2,422
2, 688
854
515
1,881
1,090
505
910
895
224
413
228
54
176
554
298
659
253
967
433
230
293
125
376
247
134
222
168
273
155
277
219
157
356
11
20
52
96
335
228
456
47
42
128
166
239
168
331
30
36
98
112
128
96
136
25
266
344
205
118
58
128
190
166
52
262
56
216
287
281
121
174
91
35
229
124
215
133
175
82
195
191
28
218
168
186
96
155
75
172
182
13
91
310
117
53
93
48
77
125
106
179
190
168
54
167
179
133
74
131
152
105
59
117
100
121
373
55
140
125
386
87
189
166
590
50
33
24
89
24
39
47
17
67
48
31
129
38
49
62
21
211
124
830
"103"
39
182
88
125
67
551
1,378
1,157
57
54 j
34
62
35
30
29
77
65
303
824
329
Total
400
817
292
1, 552
1,340
603
659
347
552
273
233
110
319
240
107
260
187
481
16
19
72
139
353
279
574
61
56
174
231
255
210
444
39
43
131
146
101
85
114
26
27
49
78
~148
56
198
109
177
61
56
259
67
201
317
238
100
184
100
36
241
108
245
170
186
87
225
172
31
234
160
187
109
154
75
189
171
10
67
183
85
45
70
39
63
60
74
80
64
45
176
152
175
186
206
192
196
71
219
217
173
102
153
171
127
81
55
56
52
38
67
146
123
443
42
82
80
221
158
140
177
474
80
165
236
388
118
187
222
663
85
172
164
456
35
60
68
166
38
31
16
101
24
36
41
10
35
24
19
64
25
31
28
11
73
69
31
60
34
30
37
11
68
39
36
106
20
63
65
17
77
46
38
153
34
51
71
20
41
29
17
125
24
41
45
10
33
21
16
51
17
25
22
8
245
152
178
99
245
130
937
215
118
1,146
116
57
469
267
150
1,127
1,096
1,252
91
49
351
EntreNet
presala- Other
ries labor neurinial
and
inwages come
come
Alabama
1929....
1930 —
1931—.
1932___.
1933—
1934—.
1935 —
1936—.
1937
1938
1939
1940
1941
52, 450
73, 303 47, 537
61, 966 39, 901
147,367 30, 903
46,235 128,579
52,865 32,463
58,493 135, 457
; 67, 957 39, 774
72, 275 44, 425
66,11
DO, 11/ 40,
4U, 660
t)WJ
70,747 43,749
76, 253 48, 312
91,621 60,142
1,080
1,177
2.297
1,789
2,347
3,247
3,563
5,395
3, 796
4,847
4, 760
4,679
4,254
See footnotes at end of table.
13, 629
10, 018
7,264
4,849
6,549
7,525
9,476
10, 870
11, 920
10,123
11,056
11,516
14, 684
15, 380
14,571
12,504
9,826
8,760
9,630
9,997
11,918
12,134
10,487
11,181
11,745
12, 540
822
614
495
393
384
499
551
669
690
643
680
759
985
502
432
345
260
249
297
314
373
415
382
415
480
637
12
13
27
20
30
44
41
61
40
56
57
60
58
Arizona
221
92
60
70
64
110
144
174
169
147
148
157
222
247
213
175
126
128
156
175
209
241
218
232
231
289
643
1,192
649
[In millions of dollars]
Total
538
1, 433
2,076
1,262
1,143
12
48
Table 6.—Income Payments, by Type of Payment and By States, 1929-41
Year
218
525
Government
170
145
119
89
80
92
105
123
148
134
141
146
176
6
6
10
8
12
20
20
27
20
24
22
22
22
41
34
24
14
22
27
30
35
47
35
42
36
60
1,761
1,017
24
SURVEY OF CURRENT BUSINESS
Julv 1942
Table 6.—Income Payments, by Type of Payment and By States, 1929-41—Continued
Year
Total
Entrc- DiviNet
pre- dends,
sala- Other
labor neur- inter- I Total
ries
inial
and
est, I
inwages come come
etc.
California
5,212
4,894
4,176
3,211
3,163
3,583
3,952
4,786
5,105
4,808
5,080
5,604
6,658
1929
1930
1931
1932
1933
1934
1935
19361937
1938—
1939
1940
1941
3,173
71
3, 026
78
2,575
147
112
2,073
138
1,901
2, 086
185
246
2,307
2,643 1 351
2,971 i 261
2,852
319
3,030
342
380
3,402
4,226
346
, Elitre-
Net
salaries
and
wages
labor
income
-i-
niv.
Other
labor
income
income
1,196
1,075
929
684
641
715
761
968
968
914
912
955
1,023
611
568
476
365
371
414
462
553
603
542
577
607
701
389
356
304
243
220
242
258
297
332
307
327
342
400
12
13
23
17
24
38
43
62
50
55
56
59
56
107
100
65
38
69
67
86
102
131
103
116
123
157
13
15
29
21
29
42
46
68
45
67
58
54
44
Florida
District of Columbia i
Dividends ,
inter est,
etc.
Delaware
Colorado
772
715
525
342
482
597
639
824
906
724
796
866
1,064
Entrepreneurial
income
130
105
87
58
72
84
94
110
119
106
116
121
153
86
66
64
48
47
53
60
72
73
54
71
76
81
374
384
350
280
252
271
280
328
328
272
299
316
337
Georgia
Idaho
i
1929.
1930.
1931.
1932
1933.
1934
1935
1936.
1937.
1938.
1939.
1940.
1941.
637
642
615
545
490
550
627
755
785
776
809
876
1,034
452
455
442
401
346
385
450
515
563
557
595
658
797
62
53
45
32
37
40
43
50
52
53
55
58
70
,0
12
21
16
19
26
30
53
39
41
39
38
39
113
123
108
96
88
99
103
137
132
126
121
121
129
710
654
560
450
434
525
594
721
782
756
825
912
1,055
440
395
340
278
255
296
334
383
431
438
468
530
634
10
11
22
17
27
38
35
57
40
51
59
62
63
6,890
5,801
4,742
3,467
3,313
3,743
4,201
4,856
5,344
4,770
5,209
5,654
6,712
4,691
3,971
3,209
2,402
2,195
2,502
2,738
3,078
3,474
3,144
3,365
3,773
4,591
69
72
147
141
172
224
222
355
256
309
325
335
287
863
676
516
326
443
432
610
613
767
635
739
723
952
1, 267
1,082
871
599
504
585
632
810
847
681
781
823
882
1,877
1,604
1,337
986
992
1,184
1,336
1,599
1,745
1,550
1,720
1,855
2,367
966
788
669
517
512
609
687
823
880
788
840
900
1,075
557
501
416
318
307
346
389
440
479
446
475
530
643
20
22
42
32
38
42
48
77
55
62
67
65
63
:..
3,799
3,516
3,160
2.557
2, 384
2,588
2,752
3,088
3,192
2,929
3,109
3, 331
3,968
2,470
2,252
1,981
1,567
1,435
1, 553
1,682
1,832
1,990
1,821
1,954
2,129
2,709
See footnotes at end of table.
50
58
110
97
112
146
172
241
174
235
221
223
188
780
647
524
542
678
750
863
889
848
899
979
1,206
14
15
33
22
30
47
49
71
46
57
63
65
63
585
532
455
363
355
408
441
489
542
511
547
609
782
251
138
108
83
89
129
154
196
239
181
196
198
254
379
289
238
168
204
226
249
289
302
274
289
302
358
138
863
128
722
104
637
84
495
79
481
583
92
630
96
737
109
781
107 I
785
98
826
103
866
107
116 1,028
"I
901
917
832
726
634
664
649
727
726
599
644
677
713
3,544
2,938
2.410
1.812
1. 636
2,125
2,463
2, 925
3, 259
2,710
3,064
3, 433
4. 358
13
15
31
26
36
43
527
495
420
327
308
346
375
411
474
475
499
542
654
u\
45 !
56 |
61 |
314
241
186
124
173
205
256
282
315
269
305
293
405
227
215
176
133
119
138
148
186
188
165
184
195
210
1,298
1,238
979
645
694
644
.939
1,018
1,121
1,077
1,176
1,159
1,421
38
43
100
76
93
127
125
186
117
238
209
178
151
107
97
84
67
66
76
83
103
103
96
98
104
112
226
203
155
115
122
158
176
213
236
215
222
237
280
131
118
97
77
69
80
93
107
122
120
121
128
149
18
20
42
29
34
44
45
83
52
63
65
66
62
672
636
549
434
377
417
454
499
538
524
558
578
665
195
96
84
63
72
113
127
157
150
143
152
144
181
128
117
103
79
65
81
86
106
114
111
114
118
127
446
428
379
296
296
320
353
398
407
375
400
430
514
271
258
230
184
179
195
208
225
245
226
243
267
341
432
422
263
89
205
87
338
310
410
375
426
382
548
175
160
126
94
78
97
104
125
121
115
127
134
146
917
876
714
488
494
566
644
744
797
696
695
743
915
639
532
427
264
177
244
295
393
387
294
348
369
395
458 j
350
148
852
838
941 I
115
309 !
386 j
317 i
384
429
663
861
821
715
577
509
561
627
703
789
759
791
814
940 !
87 1,126
88 1,057
85
943
68
759
732
61
64
825
65
883
75 1,015
76 1,089
69 1,024
71 1.099
74 1,213
78 1,498
9
10
16
13
15
19
21
32
19
27
26
28
24
20
22
49
34
42
79
84
132
95
117
115
108
103
523
480
409
328
293
322
337
367
405
387
384
396
477
18
19
36
24
29
40
46
70
45
51
52
54
52
237 I
265 !
176
69
108
125
177
205
240
171
171
201
283
140
111
94
66
62
79
83
102
107
88
88
92
103
Maryland *
Minnesota
447
325
247
178
223
276
326
386
411
336
377
401
493
19
17
13
9
10
12
13
17
17
15
15
15
17
3
4
9
8
10
16
16
24
16
18
19
19
17
Kansas
Maine
Michigan
2,420
2.038
1,636
1,295
1,143
1.478
1,718
1,960
2,344
1,842
2.130
2, 485
3, 318
252
137
75
73
90
147
178
200
198
184
191
201
249
Iowa
Louisiana
Massachusetts
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
32
34
65
52
56
75
80
128
89
135
125
113
99
1,303
1,114
910
676
645
767
852
1,003
1,152
981
1,106
1,254
1,653
Kentucky
1929...
1930...
19311932..
1933...
1934...
1935...
1936193719381939..
19401941..
136
121
100
83
75
92
110
147
168
148
166
177
190
Indiana
Illinois
1929.
1930.
1931.
1932.
1933.
1934.
1935.
1936.
1937.
1938.
1939.
1940.
1941
124
127
97
72
77
100
116
134
143
120
132
143
168
699
653
574
463
433
485
524
595
674
630
701
792
1,036
12
13
28
22
28
42
38
60
40
52
47
51
46
148 i
105 i
90 I
63 j
85 1
100 I
114 i
131 !
133 :
118 j
127 ]
134 !
166 !
267
287
251
210
186
198
207
229
243
223
225
236
251
Mississippi
372
318
211
110
169
167
269
306
338
299
323
344
447
205
190
172
131
118
134
136
169
164
142
155
162
174
546
381
284
247
242
322
357
445
428
387
427
482
605
257
225
177
143
128
146
154
179
195
180
206
229
297
221 |
100 |
53 :
61 :
69
115 :
139
178
159
130
140 j
168 ;
210 :
60
33
25
24
32
34
41
41
40
41
42
51
25
SURVEY OF CURRENT BUSINESS
Julv 1942
Table 6.—Income Payments, by Type of Payment and By States, 1929-41—Continued
Entre- DiviEntre- DiviEntre- DiviEntre- DiviNet
Net
Net
Net
prepre- dends,
prepresala- Other
dends,
sala- Other
dends,
sala- Other
sala- Other
neurlabor
neurlabor
neurlabor
neur- dends,
labor
irter- Total ries
inter- Total ries
inter- Total ries
interTotal ries
ial
ininial
inial
inial
and
and
est,
est,
and
est,
est,
and
ininininwages come
wages come come
etc.
etc.
wages come come
etc.
etc.
wages come come
come
Year
Missouri
2,186
1,971
1,681
1,282
1,246
1,379
1,527
1,755
1,812
1,694
1,815
1,888
2,215
1929—
1930...
1931....
1932...
1933....
1934....
1935...
1936....
1937...
1938—.
1939—
1940...
Montana
29
32
66
47
52
75
85
144
99
120
125
126
116
1,402
1,295
1,099
861
784
866
918
1,011
1,101
1,034
1,091
1,152
1,369
414
305
234
152
215
219
290
319
333
294
334
333
433
341
340
283
222
195
220
235
282
280
247
265
278
299
330
271
220
162
167
228
267
294
312
280
300
324
383
211
179
149
117
103
122
149
172
189
168
175
189
220
301
277
253
195
196
221
234
254
266
254
266
277
320
5
5
9
7
8
12
12
20
14
19
17
17
15
204
191
168
126
124
139
148
152
165
159
169
178
214
3,219
3,034
2,669
2.117
1,953
2,158
2,319
2.642
2,784
2,610
2.808
3,117
3,737
34
24
20
14
19
23
26
30
31
27
29
27
34
2,120
1,975
1,692
1,346
1,194
1,334
1,440
1,591
1,766
1,672
1,821
2. 091
2?639
979
809
685
559
636
787
856
960
1,025
976
1,061
1,137
1,379
578
538
461
366
377
429
466
524
584
576
632
709
861
11
12
30
20
29
39
40
66
40
57
57
63
60
268
147
147
218
243
246
276
230
248
235
315
122
112
96
76
84
101
106
123
125
114
124
130
143
283
238
159
122
130
131
191
202
232
203
221
235
312
...
612
522
439
333
330
396
450
554
577
542
590
628
773
144
91
65
48
59
84
102
132
129
101
115
124
160
390
357
299
229
212
243
276
318
360
345
379
405
513
7, 353
6,646
5,579
4,166
4,012
4,612
4,974
5, 808
6,173
5, 441
5,829
6, 291
7, 542
South Dakota
1929..
1930
1931
1932
1933
1934
1935....
1936
1937 .
1938
1939
19401941 — .
_.
302
282
217
130
134
175
202
212
215
218
234
239
297
131
125
110
91
77
80
90
96
100
101
106
109
124
See footnotes at end of table.
4
4
10
7
13
30
22
35
29
29
24
22
19
38
41
78
58
77
116
124
190
136
162
163
153
134
374
358
314
248
220
246
253
274
287
278
283
294
337
368
298
234
163
206
220
250
296
326
290
294
312
373
693
721
665
550
475
489
505
565
557
487
530
560
591
i
I
!
i
I
|
5,021
4, 561
3, 724
2,786
2.599
3,018
3, 212
3, 642
4.080
3, 471
3,778
4.203
.r>, 331
89
94
172
121
200
272
344
482
350
490
451
405
334
153
134
116
87
95
118
135
167
181
167
181
193
225
90
83
75
61
57
65
73
88
97
95
98
103
120
4,924
4,248
3, 554
2.600
2,582
3,041
3, 420
4,048
4,390
3,784
4,151
4,466
5, 544
3,426
2,946
2,410
1, 773
1,725
1,999
2,255
2,602
2,953
2,467
2,738
3,048
3,970
919
748
619
489
497
635
696
820
863
736
855
933
1,172
562
514
417
320
324
390
423
475
525
486
530
587
752
16
17
36
27
28
40
43
68
43
56
59
67
64
104
90
78
53
49
55
61
66
63
60
61
65
70
3
4
7
5
6
14
17
23
15
16
17
18
18
78
81
139
104
150
195
207
321
221
310
310
269
230
787
570
445
309
380
442
510
608
661
560
613
648
782
1,457
1,420
1,238
951
833
880
909
1. 076
1.082
921
988
1,035
1, 095
574
522
473
382
361
387
422
471
490
445
478
511
621
385
343
295
229
220
237
270
288
315
281
308
333
437
7
9
19
18
13
15
18
31
23
36
31
32
24
115
104
84
62
62
76
80
96
96
88
93
100
110
2,596
2,194
1,819
1, 460
1,523
1, 753
1,936
2, 268
2, 534
2,424
2, 545
2,711
3,230
1,462
1, 364
1,150
930
855
967
1,031
1,171
1, 336
1, 344
1,412
1. 505
1,794
33
35
80
56
72
102
107
177
121
134
143
150
160
10
10
7
6
8
11
13
14
13
15
16
17
1,982
1,435
1,081
716
911
976
1,121
1,356
1,385
1,248
1,327
1,399
1,643
3, 503
3,418
2,969
2,492
2,262
2,337
2,308
2,623
2,670
2.257
2,374
2,491
2,625
259
131
97
68
131
114
178
174
218
177
194
207
279
163
142
95
70
71
89
93
112
124
105
104
109
119
New York *
40
29
21
12
23
28
33
41
52
39
46
52
65
14, 656
13, 475
11,514
8,892
8,540
9,398
9,974
11, 282
11. 697
10, 815
11,369
2,086
3,854
9,011
8,443
7,152
5,423
4,998
5,581
5,970
6, 512
7,077
6,638
7.025
7.577
9,023
161
180
312
261
368
504
575
791
566
672
643
619
563
Oklahoma
619
446
349
237
300
385
464
528
584
487
531
544
700
801
775
656
486
407
461
493
598
632
521
573
604
644
1,047
827
650
502
533
578
662
750
836
765
793
830
976
536
416
326
293
326
341
377
426
408
418
437
501
16
18
42
37
37
49
50
88
69
75
78
77
77
South Carolina
50
38
30
23
27
30
33
39
40
36
40
41
51
132
133
129
112
100
105
101
112
113
93
100
104
110
453
371
318
257
288
358
384
453
472
447
492
546
672
273
255
219
179
184
214
226
254
287
271
297
348
463
7
8
18
11
23
28
27
48
31
39
43
44
42
136
70
49
43
56
85
100
113
115
101
114
115
125
37
38
32
24
25
32
32
38
39
36
38
39
41
55
47
33
17
27
28
37
44
49
44
45
49
64
33
33
28
21
18
19
20
26
25
23
24
26
27
Utah
Texas
227
113
83
79
84
129
150
182
199
165
173
179
246
14
13
9
4
8
9
12
14
15
12
14
15
15
2
2
3
2
2
4
4
6
4
4
5
6
5
71
64
50
47
57
68
77
83
74
87
93
107
Rhode Island
Tennessee
141
129
78
18
32
52
74
66
70
72
88
90
133
241
279
175
48
122
79
162
173
188
143
149
161
211
Ohio
123
93
28
18
36
17
69
62
91
66
87
98
155
137
124
108
85
75
80
88
94
99
97
97
102
122
9
10
21
13
15
26
32
51
39
43
41
43
41
Nevada
New Mexico
Pennsylvania
Oregon
1929
1930
1931 _
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941 .
728
737
587
361
406
406
507
564
577
523
534
563
658
57
36
19
34
62
74
63
70
57
72
82
110
North Dakota
North Carolina
1929
1930
1931—
1932
1933
1934 . . . .
1935
1936
1937...
1938
1939
1940
1941 .
6
6
11
8
13
22
23
36
28
32
27
26
24
New Jersey :
New Hampshire
1929 ._ .
1930.__
1931
1932 . . . .
1933—
1934
1935
1936
1937
1938
1939
1940. .
1941
Nebraska
684
422
288
241
358
383
481
526
647
536
589
637
817
418
372
300
233
238
301
316
394
430
411
401
419
458
276
245
203
148
152
174
201
233
257
245
251
274
325
184
161
133
104
95
108
125
139
166
155
159
177
210
4
4
8
6
11
18
19
24
17
23
22
23
24
26
SURVEY OF CURRENT BUSINESS
Julv 1942
Table 6.—Income Payments, by Type of Payment and By States, 1929-41—Continued
Year
Entre- DiviEntre- DiviNet
Net
Net
pre- dends,
presala- Other
sala- Other
sala- Other
labor neur- interlabor neur- dends,
ries
ries
interTotal
Total
Total ries labor
inial
ininial
est,
and
and
est,
and
ininetc.
wages come come
wages come come
etc.
wages come
Total
Virginia
Vermont
214
191
168
130
124
138
152
175
173
158
170
180
207
1929.
1930.
1931
1932.
1933.
1934.
1935
1936
1937
1938
1939
1940
1941
128
115
101
77
71
96
104
92
99
107
128
14
8
11
10
10
9
995
860
768
637
617
737
813
943
985
45
34
26
19
21
27
33
36
32
29
33
34
39
942
1,012
1,127
1,396
1,907
1,641
1,333
996
979
1,125
1,320
1,552
1, 636
1,495
1,563
1,652
2,011
1,202
1,047
24
864
660
602
689
54
788
884
1,009
911
952
1,022
1,271
26
44
65
89
90
134
94
121
114
108
95
979
13
15
34
22
25
36
39
70
42
50
50
56
51
Washington
216
120
87
85
92
132
161
181
185
164
173
178
218
118
121
111
92
86
101
108
128
136
117
130
137
147
1,103
979
795
597
601
708
778
968
1,009
948
1,009
1,118
1,444
724
663
539
416
382
434
489
566
631
609
656
746
1,003
16
17
34
26
37
47
53
99
70
84
78
76
81
"*R1"!
Di
income
"-
etc
West Virginia
212
163
113
77
109
144
152
189
191
155
165
181
237
151 ,
136
109
79
73
83
84
115
116
100
109
115
124
798
685
589
455
461
572
610
731
772
697
729
794
585
529
444
338
335
407
430
491
544
479
511
947
570
701
|
14
14 j
27
18 I
36 |
41
41 !
67 |
45 !
64
55 !
53
53 !
112 j
57 !
48 !
40 !
45 !
70 i
81 I
99 i
107 !
89 :
93 i
97
115 !
88
85
70
53
47
55
58
73
75
64
70
73
78
Wyoming
Wisconsin
1929.
1930.
1931.
1932
1933.
1934.
1935
1936
1937
1938
1939
1940.
1941.
648
605
536
438
414
467
506
564
622
611
659
756
5
E
403
308
209
126
175
199
275
336
335
287
311
323
434
278
260
207
167
137
148
167
199
199
175
186
198
211
153
141
119
87
92
110
121
139
143
138
147
152
186
101
93
80
62
55
62
70
76
82
82
82
87
104
2
2
6
4
5
8
8
16
11
10
10
9
7
36
33
23
13
23
30
32
33
37
33
42
43
60
1 I n adjusting to residence basis, deduct from salaries and wages and from total: 1929—62; 1930—64; 1931—64; 1932—60; 1933—55; 1934—63; 1935—77; 1936—92; 1937—112
1938—122; 1939—143; 1940—171; 1941—229.
2 I n adjusting to residence basis, add to salaries and wages and to total: 1929—30; 1930—31; 1931—31; 1932—29; 1933—27; 1934—31; 1935—38; 1936—45; 1937—55; 1938—60; 1939—
70; 1940—80; 1941—107.
s In adjusting to residence basis, add to salaries and wages and to total: 1929—676; 1930—633; 1931—536; 1932—407; 1933—375; 1934—419; 1935—448; 1936—488; 1937—531
1938—498; 1939—527; 1940—568; 1941—677.
* I n adjusting to residence basis, deduct from salaries and wages and from total: 1929—676; 1930—633; 1931—536; 1932—407; 1933—375; 1934—419; 1935—448; 1936—488; 1937—531;
1938—498; 1939—527; 1940—568; 1941—677.
8 I n adjusting to residence basis, add to salaries and wages and to total: 1929—32; 1930—33; 1931—33; 1932—31; 1933—28; 1934—32; 1935—39; 1936—47; 1937—57; 1938—62;
1939—73; 1940—91; 1941—122.
NEW SERIES
Table 14.—SALES OF PAINT, VARNISH, LACQUER, AND FILLERS '
[Thousands of dollars]
Classified
Total
Month
Total
Industrial
Trade
Unclassified
Unclassified
1937
January
February
M arch
April
May
June
July
August
September
October
November
December
10,4/3
9,562
15, 617
19, 514
24, 098
22,412
18, 536
18, 892
18,412
17, 735
13,894
13.927
24, 150
21, 266
31, 263
37, 900
42, 728
40, 465
35, 392
34, 732
34, u800
<^,
w
,
| 35,355
j 29, 489
| 30,494
Total
Monthly average
1939
January
February
March
April
May
June
July
August
September
October
November
December
J
!
I
|
|
I
|
j
I
i
I
!
25,166
25,399
32,888
33,9S9
41,854
38, 505
30,759
34,449
38, 379
35,828
30, 472
26,810
Total
Monthly average
j 394,508
j 32,876
31,289
31,016
39, 498
46, 345
45, 255
41,656
36, 005
35, 305
34, 490
32, 792
26, 105
19, 349
28, 504
28, 326
36, 000
41,861
40, 992
37, 692
32, 689
32, 039
31, 160
29,704
23, 680
17, 382
12, 457
12,885
16, 601
16. 759
16,785
15,343
14, 187
13,518
12, 994
13,447
419, 104
380, 029
34, 925
31, 669
1G4, 160
! 13,680
10. 8<J0
8, 294
16, 047
15,440
19, 398
25,102
24, 207
22, 348
18, 502
18, 521
18, 166
16, 256
12, 791
9,089
2, 785
2.690
3, 498
4,484
4, 262
3, 965
3, 316
3, 266
3, 330
3. 088
2, 425
1. 966
22,115
22, 626
30, 729
34, 732
36, 827
33,937
27, 946
30,182
31,047
30, 007
26, 253
21,281
19,731
20,478
27, 645
31, 255
33, 036
30,532
25, 174
27,120
27, 923
27.114
23, 822
19, 178
2,384
2,148
3,084
3,477
3,791
3,405
2.772
3, 062
3, 123
2. 893
2.431
2.103
215,868
17,989
1840
12,317
11,146
12,640
13,850
14,150
12,582
12, 732
13,651
13,459
15,953
14,049
13,435
31,406
30, 741
36, 599
47,239
53, 062
49, 072
44, 407
44,140
45, 334
46,178
37, 531
37,861
214,155 I 38,395
17,840 j 3,200
15,092
14,974
17,033
19, 266
20, 544
21,022
20,133
20, 247
19,709
21,454
18,727
19,200 !
16,314
15,767
19,566
27.972
32, 51S
28,049
24,275
23,893
25, 025
24,724
18,804
18.
555,399 j 503,509 ji 227,400 | 270,169 j
40,283 j 41,964 || 18,950 | 23,014 I
3,198
2,950
3,586
4,725
5,351
5, 265
4, 573
4,506
5, 029
4,960
3, 837
3, 848
51,830
4,319
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 080 establishments. Of this number, 580 reported classified sales and 100 reported
only total sales. The reporting establishments accounted for approximately 90 percent of the total output of the industry as reported by the Census of Manufactures for 1939.
Data previously published in the Survey covering reports of 579 establishments are not comparable with the present series. However, the relationship betwe-en the total
sales for the two series has been relatively steady, as shown by overlapping data so that, for purposes of general comparisons, the total sales for years prior to 1930 as published
in the 1940, 1938, and 1936 Supplements may be raised by 4% to obtain an approximately comparable series back to 1928. For 1942 data, see p. S-23.
S-l
SURVEY OF CURRENT BUSINESS
Julv 1942
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, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the May
1940 Supplement to the Survey
1941
May
June
July
SepAugust tember
October
Novem- December
ber
January
1942
Febru- March
ary
April
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments
1935-39 =100__ p 162. 7
P 175. 3
Salaries and wages
_
do.
Total nonagricultural income
-do
v 160.3
p 8, 656
Total
.mil. of doL
Salaries and wages:
.do..
P 6, 252
~ ital.
tal
T
v 2, 901
Commodity-producing industries..do
(a)
Distributive industries
__
do
Service industries
do
()
Government..
do
Work-relief wages
do
Direct and other relief
do. ..
Social-security benefits and other labor income
v 166
mil. of doLDividends and interest
do
M85
Entrepreneurial income and net rents and
royalties
mil. of doL- p 1, 663
Total nonagricultural income.
do
7, 802
133. 6
141.5
134.1
7,092
137.0
146.0
137.9
7,937
138. 9
147.6
139.2
7,739
141.1
149.3
140.7
7,518
143.1
150.1
141.3
8,280
145.4
152.6
143.5
8,508
146.5
153.7
144.5
8,071
154.7
161.5
150.3
9,397
155.7
163.2
152.0
8,424
156.9
166.0
153.9
7,987
'158. 4
168.6
156. 0
'8,699
'161.5
172.1
158. 3
5,057
2,191
1,164
882
705
115
93
5, 242
2,307
1,200
903
728
104
93
5,168
2,346
1,207
906
623
86
90
5,263
2,420
1,218
909
636
80
90
5,431
2,481
1,229
910
732
79
89
5,592
2,539
1, 251
927
795
80
89
5,555
2,505
1,245
924
802
79
90
5,830
2,550
1,400
951
842
87
92
5,665
2,533
(fl>
(a)
(•)
77
94
5,731
2,609
5, 905
2,670
(°)
(a)
' 6, 066
' f 2, 781
a
(W
)9572
(a)
(a)
158
491
159
1, 114
157
919
155
463
151
918
152
855
152
549
159
1,583
174
820
173
437
177
924
171
810
1,293
6,518
1,329
7,334
1,405
7,057
1,547
6,714
1,691
7,328
1,820
7,435
1,725
7,109
1,733
8,456
1,671
7,580
1,551
7,259
7,935
'1,663
'7,965
83.5
96.5
82.0
110.0
108.5
118.5
83.5
86.0
96.0
81.0
110.0
107.5
117.5
90.0
99.0
98.5
83.5
112.5
107.5
122.5
90.5
123.0
102.0
95.0
109.0
112.5
114.0
87.0
144.5
110.0
99.0
120.0
122.5
129.0
88.5
161.0
111.5
101.5
121.0
124.5
128.0
92.0
137.5
112.5
101.5
123.0
131.5
122.5
106.5
128.5
134.0
124.5
143.0
131.5
153.5
132.0
'112.0
' 133.5
119.0
' 147. 0
'131.5
154.0
' 154. 5
'93.0
' 129. 5
105.5
'151.0
' 139. 5
156.0
' 157. 0
100.5
127.0
104.0
147.5
129.0
154.5
157.0
155
160
192
183
134
143
130
206
191
161
163
142
229
876
160
165
198
184
140
150
135
214
187
171
174
163
149
244
930
159
164
196
185
144
149
142
216
191
165
177
r
161
96
229
997
162
167
199
185
151
157
148
224
189
174
181
'174
109
221
1,113
167
172
206
192
148
156
144
227
191
175
184
' 168
120
245
1,204
168
173
210
191
145
159
138
231
185
175
185
'172
117
269
1,290
167
173
209
191
134
154
124
229
190
169
171
170
120
275
1,340
164
171
212
196
128
155
113
241
192
147
153
' 153
80
278
165
172
215
191
122
142
112
248
193
138
137
165
68
304
167
174
220
193
128
146
118
255
190
132
132
164
47
313
0)
152
164
256
218
381
134
120
135
122
126
119
175
132
141
145
126
r 149
122
126
162
157
165
169
66
165
121
101
164
280
233
428
138
130
138
120
122
128
188
121
143
147
128
154
124
127
192
155
160
173
66
163
128
135
134
307
233
467
138
131
139
126
130
137
181
119
139
143
129
154
125
116
153
155
162
173
69
157
123
120
47
306
236
485
142
122
142
130
137
152
167
116
146
150
131
154
128
121
130
154
160
170
50
166
122
134
74
319
249
560
145
137
148
129
132
159
142
119
149
151
134
152
131
125
131
151
156
168
32
169
132
146
110
335
278
634
143
137
153
127
125
143
115
134
151
155
135
153
132
131
134
150
161
172
10
164
133
142
123
338
264
645
144
118
151
123
116
139
99
152
152
159
136
153
134
138
()
C)
(°)
(a)
75
94
'68
: 92
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
110.0
129. 5
113. 0
145.0
134. 0
155. 5
133. 0
'
'
'
r
'
'
109.5
136.0
114.0
156. 5
138.5
171. 0
147.0
INDUSTRIAL PRODUCTION!
(Federal Reserve)
Unadjusted:
Combined index*
1935-39=100..
Manuf actures %
-do
Durable manufactures?
do
Iron and steelf
do
Lumber and products*..
do
Furniture*
do
Lumber*..
___do
Machinery*
do
Nonferrous metals*J
do
Stone, clay, and glass products*..do
Cement
do
Glass containers*
do
Polished plate glass
....do
Transportation equipment*t
do
Aircraft*?
do
Automobile bodies, parts and assembly*
'__ 1935-39 = 100-Automobiles, factory salescf X- --do
Locomotives*
do
Railroad cars*
do
Shipbuilding (privateyards)*..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
•
*>185
P241
0)
*>137
p 142
v 134
v 278
p 188
p 174
178
190
35
P372
0)
()
0)
0)
0)
p 139
120
p 168
v 123
p 120
p 131
140
164
v 120
0)
p 156
175
169
0)
149
123
••158
0)
156
167
179
15
166
134
0)
0)
0)
168
*>177
'226
0)
129
147
120
265
185
142
141
176
43
327
0)
120
()
118
()
105
()
105
()
(0
0)
(0
0)
0)
(0
0)
(')
137
113
165
128
129
v 121
*>127
131
155
161
122
160
116
126
2
0)
(0
0)
138
10A
153
116
110
130
98
165
146
154
138
160
134
131
2
C1)
»100
173
151
159
132
161
128
125
13S
117
' 161
131
126
M23
p 111
135
153
160
129
161
124
126
0)
0)
0)
0)
C1)
0)
154
155
179
178
110
137
112
'155
124
120
2
P124
158
169
180
161
126
'156
174
174
'153
121
2
169
175
0)
148
117
' 171
180
' 232
'132
'142
127
'268
183
'153
161
176
43
'346
0)
0)
(0
'138
113
'167
' 130
' 130
»123
p 150
' 134
151
157
118
' 102
111
' 122
Q)
r 157
177
170
0)
153
119
'Revised.
* Preliminary.
cFFormerly designated as "automobiles."
• Publication of data discontinued to avoid disclosure of military pay rolls.
i Included in total and group indexes but not available for publication separately.
* Beginning in December 1941 this series dropped from the index of industrial production and its weight transferred to the automobile bodies, parts, and assembly
series, which is more representative of production by the automobile industry.
tRevised series. Earlier data on income payments revised beginning 1929 will appear in a subsequent issue. For industrial production series, see note marked with a
"t" on p. S-2.
•New series. See note marked with a "t" on p. S-2. ^Revisions appear in the September 1941 Survey, see note marked with a "t" on p. S-2.
S-2
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
1942
Julv 1942
1941
May
June
May
August
July
1942
September
October
Novem- December
ber
January
February
March
April
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTIONf-Con.
Unadjusted—Continued.
Minerals*
1935-39=100..
Fuels*
do
Anthracite
_
..do
Bituminous coal,..
do
Crude petroleum
do
Metals**
-•
do
Copper*
do—
Lead
do
Zinct
do
Adjusted:
Combined index*
do
Manufacturers*
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...
Glass containers*
do...
Polished plate glass
do...
Transportation equipment*!
do._.
Aircraft*t
do...
Automobile bodies, parts and assem
bly*
1935-1939=100.
Automobiles, factory salesd" *- - - do
Locomotives*.
do.
Railroad cars*
do.
Shipbuilding (private yards)*.-do
Nondurable manufactures. _
do.. _
Alcoholic beverages*
do
Chemicals*
do
Leather and products
do...
Shoes*
do...
Manufactured food products**-.-do.__
Dairy products**.
do...
Meat packing
do...
Paper and products*
do...
Paper and pulp*
do...
Petroleum and coalfproducts* d o . . .
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.
Mineralst...
.do.
Fuels*
do
Anthracite..
do.
Bituminous coal
do.
Crude petroleum
do.
Metals*t
do.
Copper**..
do
Lead*
do.
Zinct
-do
»176
P184
P239
0)
P135
P151
vl27
P278
P187
P153
146
178
35
P372
0)
()
0)1
C)
0)
P139
111
p 169
v 125
1
3
140
117
v 156
175
169
0)
149
122
P131
P127
p 105
P173
pill
P156
174
127
118
88
125
118
181
159
117
127
131
123
116
132
120
181
152
116
136
130
121
107
128
119
184
147
110
125
134
125
120
135
122
187
152
116
131
137
129
122
144
124
182
152
120
135
138
131
123
142
127
181
156
119
134
135
130
99
143
128
161
157
128
131
125
129
94
138
129
98
159
124
138
' 125
131
104
144
129
91
158
131
138
'125
130
121
141
127
'92
160
140
146
154
160
190
183
132
152
122
206
189
143
134
148
142
228
876
159
164
195
184
135
155
125
214
186
149
138
155
152
243
930
160
165
199
185
141
161
131
216
192
151
143
154
146
255
997
160
166
199
185
140
152
134
224
189
154
148
' 159
133
241
1,113
161
167
203
192
136
149
129
227
192
157
154
' 165
120
245
1,204
163
169
207
191
135
146
129
231
185
158
159
' 167
102
269
1,290
166
172
208
191
135
148
128
229
190
162
164
' 169
105
275
1,340
167
174
215
196
138
149
132
241
193
167
191
165
67
••278
(>)
171
M79
222
191
143
153
138
248
194
199
249
184
65
304
172
180
226
193
144
146
143
255
190
189
236
178
49
313
152
151
256
218
381
135
114
136
124
128
123
129
132
142
145
125
149
122
122
162
157
165
169
71
165
119
125
121
80
'147
114
152
159
115
127
161
148
280
233
428
139
122
144
132
138
127
124
124
145
149
127
154
123
128
192
156
160
173
73
163
118
132
129
126
153
120
151
155
117
136
168
154
307
233
467
138
130
146
130
134
126
126
125
146
150
128
154
124
127
153
155
162
173
77
157
114
131
127
137
146
119
151
156
114
125
141
93
306
236
485
139
128
145
122
121
132
127
134
147
152
130
154
126
129
130
154
160
170
56
166
118
132
129
162
147
119
148
155
116
131
134
74
319
249
560
137
131
146
120
118
130
139
126
144
149
132
152
128
125
131
151
156
168
34
169
121
131
128
127
139
124
' 146
154
120
13!
146
110
335
278
634
139
129
148
125
123
134
146
133
146
150
133
153
129
127
134
150
161
172
10
164
128
130
127
116
127
128
146
151
119
134
142
123
338
264
645
144
109
149
134
134
141
146
135
153
'160
135
153
133
136
120
207
290
308
276
307
269
154
229
330
316
298
289
429
164
212
295
339
294
281
301
159
196
257
309
290
223
265
15:
202
260
304
265
249
258
165
193
239
359
246
213
227
163
0)
156
167
179
15
186
132
131
128
97
125
132
147
152
127
131
I
116
152
128
131
137
'155
142
155
162
139
160
135
130
154
155
179
129
13.
127
89
124
132
153
157
122
138
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
New orders, total
Jan. 1939=100.
Durable goods
do—
Electrical machinery
.do
Other machinery
do
Iron and steel and their products
do
Other durable goods
do
Nondurable goods
do—
p 30'
v 522
P736
P 222
p 763
v 169
212
265
314
326
225
258
178
232
332
396
367
248
413
167
0)
118
0)
105
()
0.
0)
143
139
'156
' 127
'125
*>140
» 155
148
'154
161
135
161
131
128
0)
158
169
180
(0
161
132
131
128
89
129
132
150
161
131
138
268
414
347
414
245
719
174
0)
0)
142
133
'161
' 121
117
M41
P153
141
149
155
131
161
126
125
0)
157
174
174
(0
'153
130
129
125
110
120
128
'152
158
140
146
292
463
452
648
256
645
182
125
-"121
122
'150
r
109
'154
'169
135
'171
'179
'229
0)
134
145
128
265
184
171
188
187
41
'327
(0
105
(*)
0)
139
116
'161
121
116
p 137
P150
144
150
156
126
160
120
121
0)
152
169
175
0)
148
125
127
122
113
146
114
154
162
134
274
42'
47'
442
256
673
176
'173
181
'232
'133
'146
127
'268
182
'153
161
176
43
'346
v 106
0)
C1)
0)
'139
109
'164
'126
'124
v 136
p 149
'142
148
153
119
'162
112
' 116
0)
' 157
177
170
0)
153
127
130
'126
114
178
'107
' 152
' 164
132
'292
449
'548
'467
'274
'677
'192
'200
199
199
183
183
185
188
184
161
168
170
163
Shipments.total
average month 1939=100.
'239
235
232
P 253
215
220
212
228
214
207
192
195
197
Durable goods
do
'131
131
133
p 1
178
190
133
174
152
95
192
202
178
Automobiles and equipment
do
259
257
249
P266
214
218
230
226
260
211
201
207
208
Electrical machinery
do
r
279
270
260
P299
222
233
232
247
229
209
192
218
199
Other machinery
do
'207
211
208
p 214
207
201
216
208
200
210
201
198
195
Iron and steel and their products
do
Transportation equipment (except
3
,108
L, 018
571
1. 249
382
803
486
608
829
429
438
automobiles)
.do
'196
196
19.
197
p 209
186
186
185
187
176
170
179
171
Other durable goods.—
do —
168
171
173
164
P 165
155
157
149
157
161
134
137
141
Nondurable goodsdo...
173
176
181
175
168
163
155
168
170
155
155
164
Chemicals and allied products
do...
'159
162
171
163
150
151
140
152
160
131
128
137
Food and kindred products.
.do
165
173
173
165
175
171
154
169
171
147
149
145
Paper and allied products
do...
132
130
133
137
142
139
137
131
141
126
129
120
Petroleum refining
do...
159
147
144
177
150
149
157
172
131
165
166
182
Rubber products
do...
'213
206
204
186
171
183
176
179
184
155
148
161
Textile-mill products
do...
172
172
ISO
153
144
149
146
14'
150
121
115
Other nondurable goods
do...
120
* Revised. *> Preliminary, i See note 1, p . S-l. 2 See note 2, p. S-2. cf Formerly designated as "automobiles." *See note marked " t . "
fRevised series. Revised indexes of industrial production for 1919-39 (1923-39 for industrial groups and industries), including the new series, are available on p p . 12-17 of the
August 1940 Survey, except for subsequent revisions in the series marked with a "*" and data for all years for the new series on "automobile bodies, parts and assembly;" data
for the latter series and revisions for the series marked "%" (with the exception of revisions in the zinc series and resulting changes in the combined indexes for minerals and
metals) are available in table 24, pp. 24 and 25 of the September 1941 Survey; the latter table includes also revisions of 1940 data for petroleum and coal products, coke, textiles
and products, wool textiles, fuels and anthracite. Revisions for zinc and the combined indexes for minerals and metals will be shown in a later issue. In some industries,
recent conditions have obliterated seasonal movements and the seasonal factors have been fixed at 100 beginning at some time in 1939 or 1940; see latter part of note marked
with a "f" on p . S-2 of the February 1942 Survey (except that the date for the automobile series given at end of note should read September 1941 instead of 1940).
•New series. For industrial production series, see note marked with "f". For description of data on manufacturers' orders and shipments and February to June 1939
indexes of new orders see pp. 7-13 September 1940 Survey; see subsequent monthly issues for later indexes of new orders. Revised figures beginning January 1939 for shipments
will be shown in a subsequent issue.
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-3
SURVEY OF CURRENT BUSINESS
Julv 1942
1942
1941
1943
May
May
June
July
August
September
October
Novem- December
ber
Janu- | February I ary
March
April
BUSINESS INDEXES—Continued
MANUFACTURERS' CKBERS, SHIPMENTS, AND 1NVENTORJES*-Con.
Inventories, total
averoge month 1939=100..
Durable goods
do
Automobiles and equipment
do
Electrical machinery._.
do
Other machinery
_
do
Iron and steel and their products
do
Transportation equipment (except automobiles)
average month 1939=100_.
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
V 170
T> 190
V
V
V
V
7
3
219 ]
269. 0
202 7
130 1
128.7
144.1
155.1
183.9
144.1
124.5
704. 3
140. 3
153. 6
159. 9
161.1
146. 9
113.1
403.1
116.5
115.2
118.4
117.3
117.6
103. 2
143.1
126.6
105.3
132.0
146.7
152.8
190.6
146.4
125.5
136.4
150.3
138.3
198.7
151.1
126.9
140.0
155.8
163.9
206.5
156.5
126.5
143.4
160.5
187.6
212.5
158.7
126.0
148.2
166.2
195.0
225. 5
166.4
125.9
152.7
170.3
193.3
231.6
173.3
127.8
158.4
175.5
193.3
234.1
380.0
129.2
161. 9
179.2
190.8
243. 9
187.5
327.2
163.0
180. 8
190.0
250. 3
191.4
125.5
165.6
183.4
193. 6
255. 5
195. 0
125.7
r 167. 0
r ISO. 6
r 202. 5
264. 2
199.1
r
127. 5
428.4
118.0
119.2
119.5
123.0
118.8
104.9
143.3
129.4
111.9
467.4
121.8
124.3
122.9
133.2
122.1
106.3
145.8
135.3
115.0
504. 7
123.8
126.2
125.2
139.9
124.2
105.8
141.4
132.1
117.1
552. 2
125.0
128.4
126. 0
142.8
125.4
107.7
133.5
133.6
121.9
600. 2
127.4
132.5
128 2
146.7
128.6
110.4
131.8
137.6
128.9
618.2
130.9
137.4
132.0
153.4
132. 0
111.9
134.6
143.5
134.1
663.4
136.4
143.5
143.7
162. 0
135.1
113.2
143.6
147.3
138.7
693.9
139.5
146.9
147.8
163.6
134.4
113.4
149.7
151.5
145. 4
709.1
140.6
147.4
150.9
158.9
137.8
115. 5
149.6
154.1
147. 3
732. 5
141. 3
150.1
155. 6
156.8
140.0
115.0
155.4
156.2
155.6
r 742. 8
r
141.5
r
149.9
r
157.7
r
157. 9
'141.1
114.5
154.3
' 155. 8
r
152. 8
i
V
V
V
V
V
V
V
V
V
163. 6
157. 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
do._.
U. S. Department of Labor:
Combined index*...
1935-39=100.
Clothing*..
do...
Foodf
do...
Fuel, electricity, and ice*
do...
Housefurnishings*
do...
Rent*
_._do...
Miscellaneous*
do...
PRICES RECEIVED RY FARMERS§
U. S. Department of Agriculture:
Combined index
1609-14 = 100..
Chickens and eggs
do.
Cotton and cottonseed
do
Dairy products
do
Fruits
do
Grains
...do
Meat animalsf--.
do_
Truck crops
do...
Miscellaneous
do
RETAIL PRICES
U. S. Department of Labor indexes:
Anthracite
1923-25=100...
Bituminous coal (35 cities)
do
Food (see under cost of living above).
Fairchild's index:
Combined index
Dec. 31, 1930=100Apparel:
Infants'
.
do
Men's
do
Women's
do
Home furnishings
_
do...
Piece goods
do
88.6
99.1
90.5
91.1
104.2
87.4
73.6
82.2
86.4
88.0
98.5
88.5
73.6
85.5
86.7
88.2
98.6
88.9
73.8
86.2
87.8
88.4
98.7
89.4
74.5
87.3
88.6
88.6
98.8
90.8
76.9
89.4
89.4
88.9
99.8
92.0
78.3
90.7
90.0
89.2
101. 5
92.9
79.6
92.2
90.2
89.5
101.9
93.2
80.1
92.6
90.3
89.9
102.2
94.5
82.4
95.2
90.3
90.1
102 5
95.1
84.5
95.7
90.4
90.4
102. 9
96. 1
85.8
97.5
90.4
90.7
103.5
97.1
88.4
98.8
90.1
91.0
104.1
116.0
126.5
121.6
104.7
121.5
109.7
111.0
102.9
102.8
102.1
101.1
103.2
105.7
102.5
104.6
103.3
105.9
101.4
105.3
105.8
103.3
105.3
104.8
106.7
102.3
107.4
106.1
103.7
106.2
106.9
108.0
103.2
108.9
106.3
104.0
108.1
110.8
110.7
103.7
112.0
106.8
105.0
109.3
112.6
111.6
104.0
114.4
107.5
106.9
110.2
113.8
113.1
104.0
115.6
107.8
107.4
110.5
114.8
113.1
104.1
116.8
108.2
107.7
112.0
116.1
116.2
104.3
117.2
108.4
108.5
112.9
119.0
116.8
104.4
119.7
108.6
109.4
114. 3
123.6
118.6
104.5
121.2
108.9
110.1
115.1
126. 9
119.6
104.2
121.6
109.1
110. 6
152
134
159
143
131
120
189
152
138
112
107
98
124
89
93
136
130
93
118
118
107
126
97
96
142
'126
98
.125
127
121
132
93
98
151
130
107
131
130
128
135
100
99
155
133
128
139
141
150
140
89
106
163
145
131
139
146
144
145
107
101
154
164
144
135
157
136
148
98
103
149
158
128
143
153
138
148
98
112
157
162
154
149
147
143
148
102
119
164
204
169
145
135
150
147
98
121
173
161
133
146
130
151
144
111
122
180
136
132
150
131
158
142
118
120
190
158
136
88.9
96.1
82.8
90.1
82.4
90. 5
84.6
92.0
86.6
93.8
88.3
94.9
88.7
95.8
88.4
96.3
88.8
96.7
88.9
96.7
88.9
96.7
87.5
95.9
113.2
96.3
97.7
99.6
102.6
105.2
106.2
107.5
108.3
110.2
111.9
112.5
113.4
108.3
105.2
113.0
115.7
112.2
97.7
94.3
98.9
90.1
95.3
100.4
91.3
98.7
91.5
96.9
102. 4
93.3
100. 0
93.3
100.4
104.9
97.1
101.2
95.5
104.1
106.9
99.9
102.1
96.5
105.7
108. 5
101.6
103. 2
97.5
106.9
109.5
103.7
103.7
98.1
107.7
110.2
105.0
104.9
101.1
109.1
112.7
107.1
106.7
102.7
111.2
114.3
110.8
107.5
104.2
112.1
115.1
111.8
108.6
105. 6
113.2
115.8
112.6
84.9
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (889quotations*). 1926= 100..
Economic classes:
Manufactured products
.do
Raw materials
do
Semim anufactured articles
do
Farm products
do
Grains
do
Livestock and poultry
do
Commodities other than farm products*
1926=100..
Foods
do
Cereal products*
...do
Dairy products
do
Fruits and vegetables
do
Meats
. do_._
Commodities other than farm products and
87.1
88.8
90.3
91.8
92.4
92.5
93.6
96.0
9G.7
97.6
'98.7
*>99.0
99.7
92.9
104.4
92.2
117.6
87.1
79.7
86.4
76.4
74.5
88.0
83.6
87.6
82.1
75,9
93.0
90.1
86.1
87.9
85.8
76.3
98.9
91.5
87.6
89.5
87.4
79.6
99.0
92.8
90.0
90.3
91.0
85.3
101.1
93.9
89.7
89.9
90.0
81.4
94.5
93.8
90.2
89.7
90.6
84.3
90.6
94.6
92.3
90.1
94.7
91.0
97.4
96.4
96.1
91.7
100.8
95.9
105.7
97.0
97.0
92.0
101.3
95.3
109.3
97.8
98.2
92.3
102.8
93.8
113.8
'98.7
100.0
92.8
104.5
91.5
118.3
98.9
89.0
93.5
96.7
114.8
86.6
79.5
78.2
81.6
64.0
87.2
88.0
83.1
79.8
84.3
73.0
90.8
89.3
84.7
80.3
87.7
69.4
93.8
90.7
87.2
81.5
90.3
70.3
97.5
91.9
89.5
85.8
93.3
70.7
99.4
92.8
88.9
86.4
95.2
75.8
93.6
92.7
89.3
85.9
96.3
77.9
90.8
93.3
90.5
89.3
95.5
73.8
95.3
94.8
93.7
91.1
96.0
78.3
101.6
95.5
94.6
91.1
95. 0
85.2
104. 0
96. 2
96.1
90. 6
94.3
87.7
109. 2
'97.2
98.7
90.2
94.1
97.7
112.8
foods
1926=100..
87.4
88.6
v 95.7
89.7
63.4
91.6
90.8
93.5
93.7
94.6
94.9
95. 2
' 95. 6
Building materials
do
100.4
101.0
110.1
103.1
106.4
105.5
107. 5
107.3
107.8
109. 3
110.1
110.5
110. 2
Brick and tile._
do
98.0
92.5
94.2
91.9
95.1
95.7
96.6
96.6
96.7
96.9
97.0
97.1
98.0
Cement J
do
94.2
91.9
92.1
92.2
91.5
92.1
92.7
93.1
93.4
93.4
93 4
93. 6
94.1
131.5
117.6
116.8
122.3
129.1
129.5
127.5
128.7
129.4
Lumbert
do
132.7
131.6
133.1
131.8
100.6
91.6
90.3
94.7
89.3
93.3
96.0
95.3
96. 5
99.9
99.1
100. 6
100. 8
Paint and paint materials*.
do
Preliminary. •Number of quotations increased to 889 in January 1941. JFor monthly data beginning 1933, see p. 18 of the April 1940 Survey
Revised.
§Data for June 15, 1942: Total, 151; chickens and eggs, 137; cotton and cottonseed, 153; dairy products, 141; fruits, 148: grains, 116; meat animals 191' truck crops
169°
y
.iscellaneous, 134.
' l'
IRevised 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; since June 1941, the Board's food index is based on it." own data collected in 56 cities theretofore it was based on
the Department of Labor's series. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940 Survey. Earlier
revised indexes for meat animals will be shown in a subsequent issue.
•New series. For description of data on manufacturers' inventories, see pp. 7-13 of the September 1940 Survey, and for revised figures beginning December 1938 see table
40, p. 22 of the January 1942 Survey. For data beginning 1913 for the Department of Labor's cost of living series, see table 19, p. 18 of the Mav 1941 Survey for index of
prices
of commodities other than farm products beginning 1913, see table 36, p. 18 of the September 1840 Survey, Data beginning 1926 for cereal products and 1913 for paint
and paint materials will be published in a subsequent issue.
S-4
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
May
July 1942
1941
May
June
July
August
September
1942
October
Novem- December
ber
January
February
March
96.0
95.3
126.3
78.6
106.4
78.2
67.6
76.4
59.5
114.9
115.3
101.4
121.1
102.4
107.2
97.4
103. 5
97.0
85.4
93.6
93.6
101. 1
110.5
69.0
30.3
97.0
96.3
126.5
79.3
108.2
78.0
67.6
77.0
58.9
115.3
115. 5
101. 4
121.8
102. 5
107.4
97.4
103.6
97.0
85.6
97.9
95.2
105. 3
111.4
69.6
30.3
97.1
96.4
126.5
79.5
108.8
77.7
65.3
77.1
58.3
116.7
116.6
101.5
124.3
102.6
107.7
97.4
103.8
97.1
85.6
98.2
90.6
106.6
112.6
69.8
30.3
April
COMMODITY PRICES—Continued
WHOLESALE PRICES-Continued
U. S. Department of Labor Indexes—Con.
Commodities other than farm products and
foods—Continued
Chemicals and allied products! ..1926=100
Chemicalsf
do
Drugs and pharmaceuticalst
-do
Fertilizer materials!
do
Oils and fats*
do
Fuel and lighting materials
do
Electricity..
do
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins
do
Leather
„
do
Shoes
do....
House-furnishing goods
do
Furnishings
do—
Furniture
do
Metals and metal products
do
Iron and steel
do
Metals, nonferrous
do
Plumbing and heating equipment, .do
Textile products
do
Clothing
do.._.
Cotton goods
do
Hosiery and underwear
do
Rayon*
do—
Silk*
do....
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
do
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
97.3
96.5
129.1
79.0
108.6
78.0
59.1
118.8
121.4
101.3
126.6
102.9
108.1
97.5
P103.9
97.2
85.6
98.5
98.0
109.6
112.9
71.9
30.3
0)
111.0
90.5
73.0
102.8
83.6
86.8
98.7
71.1
80.6
75.6
67.7
80.1
55.3
106.4
110.3
96.9
110.1
91.4
98.0
84.3
98.1
96.1
84.4
83.0
83.0
90.9
91.0
61.3
29.5
49.1
94.1
79.6
58.8
96.7
87.2
99.9
69.9
80.6
77.9
67.2
81.0
59.9
107.8
112.4
97.9
111.7
93.1
99.0
87.0
98.3
96.5
84.5
83.1
84.5
91.6
94.6
61.9
29.5
51.2
94.6
80.6
58.8
98.0
85.2
87.3
100.0
74.0
83.7
78.5
66.8
80.8
60.9
109.4
112.5
98.1
114.7
94.4
99.7
88.9
98.5
96.8
84.7
83.2
86.2
93.9
96.1
62.9
29.5
51.4
96.5
82.0
58.8
98.8
86.0
87.5
100.1
75.3
87.3
79.0
66.4
78.3
61.4
110.2
112.2
98.5
116.1
95.4
100.7
89.9
98.6
96.9
84.4
86.8
88.3
95.1
101.5
63.8
29.5
52.0
98.2
83.7
60.8
100.7
118.6
123.9
131.2
116.4
115.6
119.5
124.5
114.9
113.4
118.6
117.6
114.4
111.5
117.1
112.2
113.8
89.7
88.4
124.1
77.3
93.4
79.6
66.2
78.9
61.7
112.6
113.1
100.9
118.8
99.5
104.4
94.4
103.1
97.0
84.6
87.8
90.9
97.8
105.2
66.6
30.3
88.3
123.2
77.3
92.9
78.8
68.2
77.5
60.4
114.1
114.0
101.1
120.5
100.6
105.2
95.8
103.3
97.1
84.8
87.9
91.1
97.9
105.4
67.0
30.3
91.3
88.6
123.0
77.8
101.9
78.4
67.4
77.4
59.8
114.8
115.9
101.3
120.7
101.1
105.6
96.6
103.3
97.0
84.8
89.1
91.8
98.4
107.5
67.0
30.3
101.4
85.1
60.8
101.7
102.3
86.4
65.5
101.9
102.6
87.3
87.4
102.2
102.7
87.6
67.4
102.5
103.0
89.3
71.0
102. 8
104.3
89.3
71.0
102.9
108.7
89.7
71.0
102.9
111.0
90.3
72.5
102.9
109.7
114.3
105.7
112.0
109.0
113.4
105.7
110.5
108.9
111.9
108.9
109.5
107. 6
111.9
102.8
109.2
104.9
108.9
98.6
107.6
104.1
108.3
101.4
107.0
103.2
106.6
100.7
105.8
r 102.0
105. 8
98.0
104.7
98
59
123
69
96
68
118
82
111
89
128
100
125
99
125
95
••145
87.4
88.2
104.4
76.6
91.3
79.2
60.7
81.7
61.7
111.3
112.1
100.0
117.1
97.2
102.1
92.2
98.6
96.9
84.4
87.1
89.7
96.1
104.2
64.4
29.8
0)
0)
(0
0)
0)
0)
(i)
97.1
96.4
126.7
79.2
108.8
77.7
58.4
119.2
123.5
101.3
126. 7
102.8
108.0
97.5
'103.8
97.1
85.6
98.5
97.7
107.8
113.8
70.6
30.3
0)
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food pricesf
Prices received by farmers
Cost of livingf
..1923-25=100.
do...
..do...
do.-_
101.9
104.1
96.7
104.5
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
.1923-25=100..
Residential, unadjusted
do
Total, adjusted
do
Residential adjusted
do
F. W. Dodge Corporation (37 States):
Total projects..
number.. 40, 557
Total valuation
thous. of dol._ 673, 517
568,988
Public ownership
do
104, 529
Private ownership
do
Nonresidential buildings:
8,332
Projects
numberFloor area
thous. of sq. ft.. 67,961
Valuation
thous. of dol— 297,885
Residential buildings, all types:
Projects
number.. 28,024
Floor area
thous. of sq. ft.. 38,147
Valuation
thous. of dol.. 147,964
Public works:
3,480
Projects
number..
Valuation
thous. of dol — 127,107
Utilities:
721
Projects
number..
Valuation
thous. of dol— 100, 561
New dwelling units provided and permit valuation of building construction (based on
bids, permits), U. S. Dept. of Labor indexes:!
Number of new dwelling units provided
1935-39 = 100..
168.8
Permit valuation:
Total building construction
do
81.2
New residential buildings
.do
117.2
New nonresidential buildings
do
51.3
Additions, alterations, and repairs, .do
|
72.9
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_. 1, 044, 57
121
104
101
88
135
111
117
101
531
700
454
246
46, 950
539,106
313, 650
225, 456
49,
577,
348,
228,
8,446
44, 596
202,492
153
118
139
115
159
111
152
112
162
105
161
105
137
84
145
87
122
71
138
74
637
392
495
897
50, 551
760, 233
520, 430
239,803
41,497
623, 292
403, 495
219, 797
40, 920
606, 349
371, 345
235,004
29,150
458, 620
297,865
160, 755
22,
431,
287,
143,
941
626
722
904
23,862
316,846
198,251
118, 595
40,000
433, 557
310, 249
123, 308
55, 843
610,799
472, 817
137,982
33,167
498, 742
354, 575
144,167
6,262
31, 898
200,456
8,339
38, 242
220, 612
10, 766
63, 802
286, 741
7,822
46, 810
218, 288
9,907
54, 417
269, 553
4,978
31,023
192, 936
3,619
24, 908
171,016
3,245
21.113
123,231
4, 600
31, 576
169. 606
5,982
42,456
231,834
5,208
51,281
234,939
38,093
54, 571
201, 274
38, 527
52,098
205, 634
39, 429
52, 895
205, 049
37, 234
62, 773
231, 529
31, 791
43, 624
175, 713
29, 246
45, 403
171, 772
22, 633
30,170
116,468
18, 344
25, 591
104, 276
19,838
26, 864
102, 758
34,492
41,836
168, 014
47, 731
50, 770
219, 276
26,683
38,341
162, 097
1,589
96, 501
1,701
99. 631
1,487
101,074
1,871
134,054
1,419
131,123
1,266
94, 563
1,086
88, 436
715
105, 989
567
64, 428
681
58,535
1,725
92,148
945
58,477
403
48, 433
460
33, 385
382
50, 657
680
107, 809
465
98,168
501
70, 461
453
60,780
263
50, 345
212
26, 429
227
37,402
405
67, 541
331
43, 229
253.6
283.5
264.2
253.1
244.5
198.8
171.5
120.7
121.5
223.5
186.0
220. 5
177.9
221.6
147.7
135.4
195.8
247.7
162.3
140.5
178.5
236. 4
135.9
131.9
161.5
233.2
100.0
125.8
156.0
219.8
104.1
112.6
136.6
180.3
89.7
130.9
103.9
147.2
66.0
83.6
104.4
114.1
93.1
81.6
85.7
99.6
65.6
88.5
129.9
168.0
104.2
74.8
103.4
145.5
68.6
95.8
90.8
161.0
43.1
93.4
43,885
34,942
2,616
6, 327
47,994
38,587
2,681
6,726
45,025
36,072
2,421
6,532
41. 622
34,667
2,363
4,592
40,389
34,395
2,888
3,106
33,646
28,354
2,310
2,982
27,868
20,833
1.550
5,485
19,338
15,433
1,353
2,552
21,103
15, 850
1,533
3,720
36. 838
23,402
2,645
10, 791
32,126
25,450
2,311
4, 365
48,
548,
267,
281,
'96
••128
409,371 589,221 958,663 529, 561 514,251 406,332 348,800 269, 689 628, 780 G34, 823 729,485 898, 696
*• Revised. * Preliminary. § Data for May, July, and October 1941 and January and April 1942 are for_5 weeks;
- - , other
. - . months,
- _. 4_ weeks. ' No quotation.
*New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18 of the May 1940 Survey. Data beginning 1926 for price index for oils and fats will
appear in a subsequent issue.
uuixs pruviutju. aau permit vaiuauuu ui utuiun-ig uunsiiuunuu me »uuwu in uauic /, p. xi ui iuv ±v±nu;u ±»iz ouivey.
xveviseu uam uii nuiuoer oi aweiiing units provided for
1939 are shown on table 18, p. 17 of the May 1941 Survey. Estimates beginning January 1940 cover urban areas as defined by results of the 1940 Census; a few revisions in
data for 1940 as shown on p. 22 of the June 1941 Survey, are available on request.
S-5
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
May
1942
1941
1943
May
June
July
August
September
October
Novem- December
ber
January
February
March
April
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
14,462
7,782
17,124
9,567
8,776
Totalf
thous. sq. yd.
9,800
9,594
3,606
2,804
3,112
Airports*
do...
3,267
4, 825
3, 910
3,878
3,425
Roads
do
1,394
2,706
2,051
1,786
1,553
Streets and alleys
do-..
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
3, 557
3,879
3,765
4,118
Mileage
no. of miles..
1, 455
47, 264 44, 693
Federal funds
thous. of doL. 27, 968 42, 755 48,889
Under construction:
6, 672
8,840
8,921
9,054
8,777
Mileage
no. of miles..
Federal funds
thous. of dol.. 127, 511 134, 641 139, 401 141, 569 138, 675
272,079
261,
530
228,
535
270,
967
276,100
Estimated cost
_do-._.
Grade crossings:
Approved for construction:
8,201
Federal funds
do
16, 753 20,459
17, 798 14,666
8,893
Estimated cost
do
17, 812 21, 255 18, 765 15, 820
Under construction:
33, 658 37, 384 37, 714 39, 548 42, 778
Federal funds
do
Estimated cost
do
35,838
38, 972 39,452 40, 939 44,249
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100.
American Appraisal Co.:f
Average, 30 cities
1913=100.
Atlanta
do
New York
do_-_
San Francisco
do
St. Louis
do—
Associated General Contractors (all types)
1913=100.
E. H. Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta..
U. S. av., 1926-29=100.
New York
do
San Francisco
do.._
St. Louis
do—
Commercial and factory buildings:
Brick and concrete:
Atlanta
do
New York
do
San Francisco..do
St. Louis
do...
Brick and steel:
Atlanta
do
New York
do
San Francisco
do...
St. Louis
do
Residences:
Brick:
Atlanta
do
New York
_.do
San Francisco
do—.
St. Louis
do
Frame:
Atlanta
do
New York
do
San Francisco
do
St. Louis
do
Engineering News Record (all types) §
1913=100.
Federal Borne Loan Bank Board :f
Standard 6-room frame house:
Combined index
1935-1939=100..
Materials
do
Labor
do
8,914
5, 416
2,061
1, 437
1,431
24,055
6,817
127,195
231, 620
7,806
34,467
36,814
207
241
233
250
224
238
207.3
215
214
231
196
218
195.0
215
214
231
197
219
219
216
233
203
223
221
218
234
204
223
238
232
248
221
237
195.7
197.5
197.8
207.3
105.6
138.2
126.6
124.8
99.7
134.0
119.9
121.1
99.2
134.9
119.3
120.3
99.6
135.3
120.8
120.7
100.5
136.1
121.5
121.3
105.4
137.7
125.7
124.4
106.0
139.6
127.2
125.3
101.7
136.6
123.2
121.4
101.3
136.9
122.7
120.8
101.6
137.1
123.8
121.1
102.2
137.7
124.3
121.5
105.7
139.0
126.7
124.9
106.5
137.4
130.4
125.3
100.7
133.7
122.3
122.2
100.3
134.3
121.9
121.5
100.9
134.8
127.3
122.0
101.8
135.5
128.0
122.6
106.4
137.1
128.6
124.8
103.8
139.7
124.8
123. 5
95.2
132.1
114.6
117.8
94.6
133.6
115.0
116.8
97.0
135.9
117.3
118.3
99.3
137.5
118. 9
120.0
103.7
139.3
122.3
122.8
103.3
141.4
120.2
122.9
93.1
131.9
111.0
116.6
92.1
134.2
110.4
115.5
95.2
137.1
113.3
117.3
98.1
139.1
115.3
119.5
103.2
141.1
119.5
122.5
274.2
256.8
258.2
260.4
263.1
272.3
122.8
121.0
126.4
111.6
108.8
117.0
112.4
109. 2
118.6
113. 6
110.7
119.3
115.1
112.6
120.0
'122.3
120.5
125.9
REAL ESTATE
•Fed. Hous. Admn., home mortgage insurance: J
Gross mortgages accepted for insurance
thous. of dol__ 53, 488 119,566 122, 963 114,247 107,137
69,225
Premium-paying mortgages (cumulative)
thous. of dol—i ,990,152 !,033,684 ,108,723 ,190,690 ,261,476
,916,421
Estimated new mortgage loans by all savings
and loan associations, total.--thous. of dol..i 95, 009 130, 953 133, 640 132, 972 129, 727
99.047
Classified according to purpose:
!
Mortgage loans on homes:
Construction
do
17, 610 40,975 44, 207 44,918 42, 987
20, 488
54, 781 55, 993 55, 682 55, 973
Home purchase
do
53.095
52,196
15, 785
Refinancing
do
13, 607 18, 506 17, 891 16,816
14, 508
5, 571
5,633
Repairs and reconditioning
do
5, 930
3, 866
4,083
6.022
9,411
9,916
10, 761
Loans for all other purposes
do
6,831
7,772
9,534
-Classified according to type of association:
55,396
54, 786
57, 542 56, 564 57,592
Federal
thous. of dol— 36,966
36, 325 38, 484
54,495
54,857 55, 676 54, 542 54, 303
State members
do
43,005
38,030
43, 937
Nonmembers
do
15, 038 21,062 21, 241 20, 732 17, 593 20, 845
13,012
16,626
' Revised.
§Beginning with the September 1940 issue of the Survey, indexes computed as of the first of the month are shown as of the end of the preceding month. The Engineering
News Record index is similarly shown in the 1940 Supplement as of the end of the preceding month.
^Figures include mortgages insured under the defense housing insurance fund beginning April 1941 for gross mortgages accepted for insurance and beginning June 1941 for
premium-paying mortgages.
*New series. Earlier data for concrete pavement contract awards for airports and for the total revised to include airports, not shown in the Survey beginning with tbe
March 1941 issue, will appear in a subsequent issue.
fRevised series. Revised indexes of the American Appraisal Company beginning 1913 are available in table 44, p. 13 of the November 1940 Survey. For revision in total
concrete awards, see note marked with an "*." Data beginning 1936 for the Federal Home Loan Bank Board's revised index of construction costs are shown on p. 26 of the
October
1941 Survey.
S-6
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1938, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1943
May
July 1942
May
June
July
August
1942
September
October
November
December
January
February
March 1 April
CONSTRUCTION AND REAL ESTATE—Continued
I
REAL ESTATE-Continued
Loans outstanding of agencies under the Federal Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of doL . 1,850,157 1,657,647 1,688,297 1,717,507 1,750,934 1,775,284 j 1,802,632 1,816,357 1,825,108 1, 835,133 1,829,798 1,836,635 1,845,7S&
Fed. Home Loan Bks., outstanding advances
to member institutions
thous. of doL- 181,165 145, 273 169,897 168,145 172, 628 178,191 184,311 187,084 219,446
206, 068 197,432 191, 505 185, 235
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of doL._ 1,692,197 1,885,087 1,870,305 1,854,824 1,840,686 1.824,672 1,809,074 1,794,111 1,777,110 1.758.213 1,742,116 1,724,229 1,709.064
Foreclosures, rionfarm:f
2Q =,
Index adjusted
1935-39=100
38.3
33.5
27 2
34.2
36.7
37.3
32.9
31.9
32 4
32 1
30 9
23 233
24,122
25, 637
24,943
Fire losses
thous of dol
23,698
24, 668
30, 833
23, 822
31, 261
35 655 30 819
30, 505
27. 900
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:!
Combined index..
1928-32=100..
Farm papers
do
Magazines
.do
Newspapers
do
Outdoor
do
Radio advertising:
Cost of facilities, total
thous. of dol.
Automobiles and accessories
do
Clothing
do...
Electrical household equipment!
do
Financial...
do—
Foods, food beverages, confections
do
House furnishings, etc.f
do
Soap, cleansers, etc
___do
Smoking materials
do
Toilet goods, medical supplies
do
Allothert
do...
Magazine advertising:
Cost, total
...do...
Automobiles and accessories
do...
Clothing
..-do...
Electric household equipment
..-do...
Financial
do...
Foods, food beverages, confections d o . . .
House furnishings, etc
do...
Soap, cleansers, etc
_do__.
Office furnishings and supplies.
-do
Smoking materials
-do...
Toilet goods, medical supplies
do...
Allother...
do...
Linage, total
..thous. of lines.
Newspaper advertising:
Linage, total (52 cities)
__.do.__
Classified
do...
Display, total
do...
Automotive
do...
Financial
do...
General
do...
Retail
do._.
53.8
67.9
910
63.3
83.6
85.0
90.7
87.8
64.5
82.1
80.7
84.5
88.
56.9
91.6
78.5
92.5
9,199
569
108
56
52
2,543
52
1,005
1, 316
2, 856
643
8,601
655
70
44
100
2,600
18
994
1,383
2,444
294
8, 429
663
38
55
99
2,531
20
957
1,284
2.449
332
15, 421
1, 313
965
161
403
2,352
851
640
258
809
2,883
4,785
2,064
18,738
3,086
1,166
849
454
2,410
1,403
567
301
943
2,340
5,219
2,515
I
90.5
68.3
86.5
81.9
89.9
90.7
61.8
85.0
81.4
110.0
89.1
67.7
86.3
82.1
85.5
89.5
63.2
92.0
83.2
70.3
99.4
67.4
92.8
91.3
112.3
80.5
51.5
72.3
74.5
80.6
81.0
49.3
72.7
75.3
83.1
8,235
672
31
44
99
2,220
16
1,092
1,315
2.507
240
7,964
637
46
55
76
2,137
20
1,009
1,302
2,434
250
8,117
630
67
43
63
2,220
16
999
1,252
2,592
234
9,679
771
59
44
39
2,730
58
1,060
1,321
3,151
446
9,723
834
73
55
51
2, 752
74
991
1,250
3,078
566
10,412
948
61
44
41
2,936
58
1,157
1, 351
3,218
597
10, 285
818
87
45
41
3,102
66
1,118
1, 356
3,094
728
15,427
2,267
803
612
380
2,292
893
397
198
863
2,456
4,267
1,890
10,823
1,416
222
315
277
2,109
320
275
122
763
2,033
2,972
1,716
11,279
1,346
675
196
278
2,110
286
331
241
606
2.009
3,202
2,066
14, 643
1,254
1,337
276
412
2,133
829
333
359
699
2,435
4, 576
2,514
17, 885
2,118
1,389
436
376
2,893
1,214
455
291
782
2,939
4,994
2,534
18, 235
2,145
1,029
430
482
3,010
996
503
374
870
3,053
5,343
2,682
15,928
1,116
880
476
355
2,555
756
331
329
705
2,679
5.744
1,937
107, 044 122,443 108,432
22, 326 25, 624 24, 294
84, 718 96, 818 84,138
2,334
6,939
4,918
1, 248
1,743
1,664
16, 529 18,314
16, 362
64, 608 09, 822 61,193
88, 828
22, 378
66,451
3,108
1,889
13,094
48, 360
95, 707
23, 306
72, 401
3,034
1,337
11,692
56, 338
107,160
21,745
85,415
2,980
1,534
15,343
65,558
123,815
22,010
101,805
5,607
1,551
19,993
74, 654
120, 624
21,008
99, 615
4,841
1,515
20,002
73, 258
125,484
20, 534
104,950
3,291
1,702
17,047
82, 910
80.4
47.5
69.4
74.8
94.2
79.1
52.667.9
74.7
9,382
713
84
45
41
2,845
59
998
1,215
2,846
536
10, 282
645
83
56
54
3,112
67
1,125
1, 298
3,122
551
9, 372
531
115
4544
2, 785
52
1,058
1, 293
2,843
605
10,486
659
383
103
318
1.P37
'318
242
177
733
1,853
3,763
1,940
13,044
641
660
227
357
2,648
••417
515
237
673
2, 675
' 3, 993
2,130
15,811
759
1,242
237
'390
2,941
798
763
243
790
2, 922
' 4, 727
2, 331
14. 847
L094
' 905
244
402
89,341
19,064
70, 277
1.320
2,204
13, 076
53, 677
87,944
18,192
69, 752
1,560
1,339
14,662
52,191
106, 908
21, 975
84, 932
1,938
1,849
16, 268
64, 878
107, 055
21. 649
Sol 406
2, 416
1,704
17, 821
63. 464
2, 466
815
593
206
736
2,771
4,614
2,168
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
percent of total.
79.0
80.2
1,732
1,500
80.2
79.5
80. €
81.7
82.8
83.4
83.9
85.0
85. 2
1,343
1,332
1,412
1,229
1,414
1,353
1,172
1,279
1, 194
2,255
2,217
2,366
2,231
2,675
2,594
4,636
47, 573
4,932
50,413
5, 207
53,186
4,931
50, 334
5,826
57, 537
5,743
58, 379
5,317
59, 823
6, 997
87, 793
5,673
59, 746
14.567
22, 493
14,795
128,856
15.464
134,759
17,557
149, 204
15,707
135,685
14, 525
138, 264
19, 134
210, 702
17,093
164, 302
? 0,4-42
3,712
X< PR7
S, W8
36. <>48
4,-J24
83, 805
3,821
48, 802
6,161
32, 567
4,152
30,534
3,919
1. 128
4,534
1,067
3, 466
5, 473
1,237
4,236
4,211
767
3,444
3,716
665
3,051
4, 340
f 4, 467
778
3, 562
r 832
3. 635
388
518
212
159
884
557
522
331
211
409
1,218
2C0
1,106
261
568
290
215
249
152
363
1,090
236
541
171
408
440
222
316
79.9
NEW INCORPORATIONS
Business incorporations (4 States)
number..
1, 094
POSTAL BUSINESS
2,213
Air mail: Pound-mile performance...millions..
2,106
2,083
Money orders.
Domestic, issued (50 cities):
4.794
4, 702
4,821
Number
thousands5, 411
47', 643
Value
thcus. of dol.
59, 542 46,898 47,001
Domestic, paid (50 cities):
14,833
15, 2f 6 14,802 14,516
Number
.thousands.
Value
thous. cf doL 137,629 116,544 116,275 122, H'5
Receipts, postal:
33, 722 31,202
r 0 T37
50 selected cities
do...
3. If 1
3. 824
50 industrial cities
do
17,084
149.199
34,503 I
4,398
0)
RETAIL TRADE
All letail stores, total sales *
mil.
Durable goods stores *
Nondurable goods stores *
By kinds of business: *
Apparel
Automotive
Building materials and hardware
Drug
.
Eating and drinking
Food stores
Filling stations
Genera] merchandise
House furnishings...
Other retail stores.
of dol.
do
do
do
do. _.
do. . .
do. . .
do
do
do
do
do
do
MM
3. '-'21
3. M 7
3F7
518
3(6
If 6
"-40P
212
;
- 873
' 170
r 422
411
1 !..<
l.ii;!
1, 180
i,r.9n
1, 22C
!.0f2 i
1. 125
?.A'J
?22 i
318
289
245
25c,
(<;] '
7<6
724
735
680
.r4°
70'"
Ki"
]O4
2A ft
2( .2
2S 0
203
20G
4 M>
471
473 i
4.r8 i
479
465
.'('4
482
4Q>
' Revised.
§TnHh:r<rs d a t a for r»<g;o {.('vertisinj: DOT available separately since N o v e m b e r 1940.
1 Discontinued.
fRevised series. D a t a b e g i n n i n g 1926 for tl-e index of m n f f m n foreclosures w p p h o v D on p. 2^ of t h e (Vtoripr 1941 S u r v e y , E a r l i e r revised d a t a for radio classifications, electrical household e q u i p r r e n t , h o u s e h r M t q u i p r mt. h( 1 n> furnishings, and "al] o t h e r " will r e shown in a s u b s e q u e n t issue.
http://fraser.stlouisfed.org/
*New series. F o r d a t a on sales of si] retail «tnie^. r-ppirniiu' 1J-3/1.. SOP I P M P 5, p 2* of ihe October 1941 S u r v e y . Earlier d a t a for dollar sales of d u r a b l e poods stores,
n o nof
d u rSt.
a b l eLouis
goods stores, a n d r e t a i l stores b y k i n d of bus? net-swill a p p e a r in a s u b s e q u e n t issue.
Federal Reserve Bank
. (•
I-:1
£!
376
295
266
163
381
216
274
613
170
457
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-7
SURVEY OF CURRENT BUSINESS
1943 j
May
| May
I
1941
June
July I August J ^ r
1942
October
Novem- December
ber
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores, indexes of sales:*
126.8
136.6
138.4
148.6
141.0
139.3
140.9
146.0
145.8
Unadjusted, combined index... 1935-39=100..
166.0
124.0
132. 8 • 137. 8
94.7
172.1
105.8
196.7
155.6
137.7
137.2
190.3
139.6
153.9
Durable goods stores
do
91.0
' 104. 5
96.9
137.2
125.1
149.0
133.0
136.3
139.8
142.1
131.7
147.8
169.9
Nondurable goods stores
do
134.7
148. 6
144.4
146. 7
144.7
135.5
142.5
150.5
132.3
136.4
139.0
140.1
136.3
Adjusted, combined index
do
140.2
• 137. 0
139.0
116.5
169.5
96.7
174.8
163.5
128.4
137.8
163.9
134.1
135.4
Durable goods stores
do
110.2
' 103. 7
108.4
156.5
137.0
148.1
132.0
146.3
133.6
135.9
130.9
142.0
136.6
Nondurable goods stores
do
149.9
' 147. 8
148.9
By kinds of business, adjusted:*
r
176. 9
133.6
145.9
140.8
165.6
136.8
132.1
123. 3
148.1
125.7
Apparel.-.
do
i r-2. 5
157. 9
171.4
67.4
197.6
116.4
116.3
154.8
173.4
119.2
112.4
49.3
172.9
Automotive
do
54.4
50.6
50.0
r
178.1
142.7
156.6
161.0
164.9
161.4
164.0
155.3
160. 9
152.7
Building materials and hardware
do
179.8
174.7
175. 4
141.7
128.9
139.2
134.0
137.5
132.3
135.8
131.0
151.9
127.6
Drug
do
138.7
141.7
' 146. 5
r
152.8
138.5
148.7
147.5
146.6
141.4
147.8
145.6
171.5
136.7
Eating and drinking
do
156.9
157.5
166. 1
155.3
127.7
143.4
132.3
139.0
130.2
140.8
136.2
155.5
129.7
Food stores...
do
150.4
150.9
153.1
158. 7
141.2
142.5
143.4
144.1
152.5
141.0
144.7
128.3
135.5
Filling stations
_.-_do
151.0
127.1
' 127. 2
148.5
122.9
132.9
131.0
147.0
130.8
123.5
120.2
130.4
122.7
General merchandise
do
139.8
138.4
136. 2
168.2
151.5
149.7
149.0
181.2
165.9
138.6
135.2
133.7
149.9
House furnishings
_
-do
167.0
176.0
149.8
r
165.0
150.0
148.8
145.4
156. 6
153.6
141.7
142.6
154.6
149.1
Other retail stores
do
161.3
157.3
153.2
Automobiles, value of new passenger-car sales:t
246
91
114
57
214
169
104
100
Unadjusted
1935-39=100..
104
210
57
182
196
162
Adjusted
do
128
Chain-store sales, indexes:
Chain-store Age, combined index (20 chains)
132.0
151.0
151.0
147.0
133.0
141.0
157.0
164.0
146.0
average same month 1929-31 = 100.. 170.0
164. 0
165.0
169.0
145.0
184.0
159.0
188.0
162.0
153.0
164.0
136.3
178.0
Apparel chains
do
181.0
174.0
178.0
208.0
Drug chain-store sales:*
113.5
113.9
109.9
116.9
109.7
164.9
120.7
111.6
Unadjusted
1935-39=100.. v 127. 8 '112.9
' 124. 6
124.4
110.8
118.2
119.9
116.1
126.0
116.4
v 132.1
'•HO. 8
115.3
110.0
Adjusted
...do
121.3
' 128. 9
118.5
125.0
Grocery chain-store sales:f
r
153.4
145.0
'170.4
155.6
143.9
142.6
140.6
137. 6
Unadjusted
1935-39=100.. p 170. 7
164.7
170.0 '1175.2
'170.0
r
147.9
135.6
149.9
140.4
155.6
152.6
v 168. 2
143.4
159.9
Adjusted
_..do
'175.7
'169.1
168. 3 1170.1
Variety-store sales, combined sales, 7 chains:!
120.4
110.2
113.1
249.6
122.0
130.7
111.9
97.0
Unadjusted
.1935-39=100.. v 127. 3
111.3
123.
116.1
108.1
128.9
123.9
125.3
114.0
122.2
113.9
132. 3
127.0
116.8
Adjusted
do
v 132. 0
127.
136.1
133. 6
Chain-store sales and stores operated:
Variety chains:
S. S. Kresge Co.:
11,854
14,832
14,102
12,809
13,366
12,127
12,016
27, 515
Sales
.thous. of dol_. 14, 219 13,443
13,174
11,750
14, 437
672
674
671
674
673
671
672
675
671
Stores operated
number..
673
C71
672
671
S. H. Kress & Co.:
7,958
8,022
7,724
8,458
8,483
8.573
7, 582
7,274
8,427
17,376
Sales
thous. of dol.,
8, .503
7,203
8,640
242
242
242
242
242
242
242
242
244
242
Stores operated
number..
243
244
242
McCrory Stores Corp.:
4.422
4,164
4,101
3,948
4,655
4,320
3,923
4,749
3,819
Sales
thous. of dol._
4, 373
3,739
4,788
203
200
201
201
201
200
201
202
202
201
Stores operated..
number..
203
203
203
G. C. Murphy Co.:
5,575
4,870
5,379
4,971
4,804
6,136
4,931
10,898
Sales
.thous. of dol_.
'5,298
5, 091
5,934
204
204
204
204
204
204
207
Stores operated
number._
207
206
205
206
206
207
F. W. Woolworth Co.:
30,097
32,
660
29,778
28,398
33,776
32,614
30,
713
27,
653
62,498
28, 345
Sales
thous. of doL.
30, 266
33,136
27,466
2,021
2,024
2,025
2,018
2,011
2,020
2,019
2,018
2,018
2,024
Stores operated
number..
2, 013
2,017
2,019
Other chains:
W. T. Grant Co.:
9,537
11,864
10, 063
8,730
12,174
10,070
23,518
Sales
thous. of dol_. 12, 200 10,603
8,983
12, 363
10, 470
8,417
494
493
493
493
493
493
493
495
496
493
Stores operated
number. _
494
495
496
J. C. Penney Co.:
38.711
33,648
29,382
32,403
28,403
26,145
40,417
59,520
Sales
...thous. of doL. 37,170
30, 589
32, 348
25,407
36, 531
1,609
1,591
1, 598
1,596
1,593
1,605
1,603
1,593
1,605
1,606
Stores operated
number..
1,008
1,607
1, 609
Department stores:
Collections and accounts receivable:
Installment accounts:
110.4
110.5
101.2
116.4
110.4
103. 3
107.6
102.6
104.8
108.8
Index of receivables*.Dec. 31, 1939=100..
103. 3
99.6
19.2
18.9
19.0
20.1
19.3
18.8
17.7
17.6
20.2
19.7
Collection ratio
percent..
21.7
21.4
Open accounts:
79.4
93.5
92.5
90.6
81.1
78.0
71.0
88.0
117.7
100.3
Index of receivables*.Dec. 31, 1939=100-.
89.1
90.3
46.2
48.6
46.9
45.1
47.7
45.0
46.1
45.2
46.3
50.3
Collection ratio
percent..
40. 1
47.0
108
133
112
125
105
106
100
79
99
197
108
Sales, total U. S., unadjusted... 1923-25=100..
118
115
142
169
138
158
136
144
114
102
122
245
123
Atlanta!
1935-39=100152
148
89
103
98
100
89
82
82
63
74
165
99
94
Boston....
1923-25 = 100..
93
124
146
123
151
'124
122
119
92
114
213
121
136
Chicagof
1935-39=100..
133
113
136
109
130
111
120
105
85
103
197
112
126
128
Cleveland.
1923-25=100..
127
150
127
151
124
128
110
93
108
222
122
129
Dallas
do
101
106
106
114
106
79
85
85
183
100
••101
110
111
Kansas City
1925=100..
111
123
140
142
127
93
95
114
198
122
122
125
' 130
Minneapolis!
1935-39= 100._
130
112
125
100
81
94
99
194
104
98
95
106
100
New York
1923-25=100..
168
136
134
115
89
117
129
238
115
116
124
140
132
Philadelphia!
1935-39=100..
168
165
154
140
109
114
147
265
128
126
148
161
155
Richmond*
do
133
119
128
106
82
101
108
190
110
92
105
12.5
120
St. Louis
1923-25=100..
158
145
156
154
120
132
235
129
126
129
148
148
San Franciscof
1935-39=100..
116
105
116
134
115
126
111
138
104
105
108
124
117
Sales, total U. S., adjusted!
1923-25=100..
154
125
146
163
148
141
140
159
134
138
144
152
153
Atlantat
1935-39=100133
117
137
154
131
135
126
154
123
123
'123
141
134
Chicagof
do
127
105
124
145
117
130
115
149
107
105
103
139
121
Cleveland
1923-25=100..
134
113
136
166
132
127
128
161
123
124
133
127
131
Dallas..
do
123
117
124
145
131
134
127
152
115
124
124
112
129
Minneapolis!—_
.1935-39=100. .
109
98
120
134
114
116
107
132
102
99
120
103
110
New York
1923-25=100..
132
119
125
155
135
157
127
161
121
126
149
131
147
Philadelphia!
1935-39=100..
160
134
151
185
154
165
142
182
138
142
165
147
156
Richmond*
do...
114
106
120
141
119
117
115
138
100
105
130
108
120
St. Louis
1923-25=100.
151
138
149
168
144
166
138
167
136
134
157
161
San Francisco!
1935-39=100..
Installment sales, New England dept. stores
j
17.4
10.8
12.0
9.5
10.8
11.8 I
6.3
10.5
11.4
8.4
percent of total sales.
9.2 !
r
Revised. *> Preliminary.
f Revised series. For data on value of new passenger-car sales beginning 1929; and an explanation of the revision; see pp. 18-20 of the August 1941 Survey; seasonal factors
have been revised beginning August 1941 to take into account resricted production. Compilation of this index has been suspended. Revised data on grocery chain-store sales
indexes will appear in a subsequent issue. Revised indexes of variety store sales beginning 1929 appear in table 30, p. 10 of the August 1940 Survey, "indexes of depart. . . . . .
.
on p. 25 of the January 1941 Survey.
*New series. For earlier data beginning 1935 for indexes of sales of retail stores, see table 5, p. 24 of the October 1941 Survey. For data on drug-store sales beginning July
1934,
see
table
1,
p.
11
of
the
November
1940
Survey.
Indexes
of
department
store
receivables
beginning
January
1940 are available on p. S-7 of the September 1941 Survey
Data beginning 1923 for the new indexes of department-store sales for the Richmond district will appear in a subsequent issue.
http://fraser.stlouisfed.org/
468808—42Federal Reserve Bank of St. Louis
S-8
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
May
July 1942
1941
May
June
July
Au
^
ust
1942
tember
October
Novem- December
ber
January
February
March
April
DOMESTIC TRADE—Continued
R E T A I L TRADE—Continued
Department stores—Continued.
Stocks, total U. S., end of m o n t h :
v 126
76
Unadjusted
1923-25=100.
74
Adjusted
do
p 123
Other stores, installment accounts and collections:*
Installment accounts outstanding, end of m o :
96.6
107.4
Furniture stores
Dec. 31, 1939=100-.
Household appliance stores
do
84. 4
112.5
Jewelry stores
do
87.5
93.4
Ratio of collections to accounts at beginning
of month:
13.3
11.4
Furniture stores
percent..
Household appliance stores
do
12. 5
10.7
Jewelry stores
do
19.9
16.8
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.. 119,117 145, 359
Montgomery Ward & Co
do
50, 762
60, 520
Sears Roebuck & Co
do
68, 356
84, 839
Rural sales of general merchandise:
164. 8
Total U. S., unadjusted
1929-31 = 100..
148.5
East
do....
171. 7
158. 2
South
do....
183.0 ' 171. 3
Middle West
do....
14'>. 6 ' 143. 0
Far Westdo....
188. 8 ' 132. 8
Total U. S., adjusted
do
179. 5
161. 8
East
do
186. 6
172.0
South
-do
?21 7 r 202 0
154. 8 ' 151. 1
Middle West
do
Far West
do
210.0 ' 147. 7
108
97
110
95
86
92
83
93
97
102
111
108
'122
117
108.6
116.2
94.2
108.5
118.2
93.3
112.5
121. 7
94.2
111.2
120.4
98.3
110.0
117.1
95.7
108.9
112.5
98.4
110.0
110.1
122.9
104.9
103.3
110.9
101.8
100.3
102.4
100.8
95.8
97.6
'99.7
'90.8
•-93.4
10.8
10.4
16.7
11.0
10.2
16.3
11.7
10.4
17.4
11.2
10.8
17.8
11.8
11.2
17.7
11.5
10.8
18.4
11.4
11.7
23.2
12.0
11.4
18.9
11.4
11.4
17.5
12.5
12.7
18.8
12.6
'12.5
MS. 1
131,439
52, 872
78, 568
121,175
48, 305
72, 870
145, 519 145,495 164, 394
59, 780 68,138
57,803
87, 716 85, 714 96, 256
152,308
63, 345
88, 963
204, 339
85, 269
119,069
111,481
41,854
69, 627
99,640
37,969
61, 671
131, 894
55, 856
76, 038
133. 905
57, 604
76, 301
243.2
269.1
330.3
209.6
235. 7
186.9
208.8
240.6
159. 9
194. 3
287.9
320.3
341.1
254.9
319.9
180.1
192.4
227.1
163.4
196.0
151.5
162.8
173.5
136. 6
t 166. 6
199.0
214.2
219.3
178.5
226.7
151.1
161.0
199.3
129.6
135.9
186.8
196. 9
218.5
163.0
183.6
185. 6
204. 9
224.0
165.2
194.5
211.4
228.2
248.1
186.4
236. 3
175.6
183. 3
202.0
155.9
200.1
191.1
192.4
229. 3
167.0
224.0
148.7
163. 2
163. 3
143.4
143.6
163.2
177.7
203.1
151.9
150.7
129.7 !
151.1 !
134.1 I
120.9 I
131.6 I
177. 7
212.2 |
197.5 I
163.9 i
160.5
170.7
183.8
186.0
181.9
183.9
239. 8
153. 3
158. 8
194.7 j 221.2
208.7 ! 173.9
233.3 I 185.1
255.0 | 217.2
185.8 I 154.9
211.4 ! 189.1
216.4
221.8
299.9
187.7
223.0
166.6
172.3
202.4
147.8
185. 7
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
I
Employment estimates, unadjusted ( U . S. Department of Labor):*
Civil nonagricultural employment, total
t h o u s a n d s . , 41,201
39,475
38,902
39,908
40,292
40,783
40,710
40,756
41, 080
40, 392 ' 40, 874
39, 994
39, 877
Employees in nonagricultural establishments, total.
t h o u s a n d s . , 35,058 32,759
33,332
34,149
34,567
33,765
34,640
34,613
34, 249 ' 34,731
34 937 33,734
33,851
Manufacturing
do
13,021
11,886
12,154
12, 595 12,777
12,391
12,805
12,763
12. 734
12, 606
12, 724
12, 845 r 12, 945
Mining
do
862
869
900
906
876
915
888
911
908
860
860
876
'861
r
Construction..
do
2,020
1,782
1,921
1,936
1,816
1,960
1,895
1, 928
1,961
1,874
' 1, 660
1,645
1,738
Transportation and public utilities.do
3,383
3,185
3,326
3,367
3,239
3,365
3,290
3,322
3,296 ' 3, 252
3, 249
3,277 ' 3, 343
6,753
6,897
7.008
6,861
7,070
Trade
do
6,673
6,837
' 6, 679
7,146
7,511
' 6, 756
6,686
6,711
4,235
4,300
4,325
4,260
4,256
Financial, service, and misc
do
4,304
4,300
4,229
4,227 ' 4,179 ' 4,181
4,195 ' 4, 266
4,049
4,210
4,248
4,126
4, 269
Government
-do
4,795
4,164
4,281
4,387 ' 4, 405
4,506
4,623 ' 4, 709
1,662
1,944
1.992
1,740
2,014
Military and naval forces
do
(°)
(a)
1,857
2,071
(°)
(°)
(•)
(*)
Employment estimates, adjusted (Fed. Res.):*
Civil nonagricultural employment, total
thousands. _ 41,084
38,824
39,296
39,903
40, 603
40, 937 ' 40, 972
40, 905
40, 101 40, 016 40,192
40,910
40, 906
Employees in nonagricultural establishments, total
t h o u s a n d s . . 34,941 32,681
33,153
33,958
33,873
34, 794 r' 34,829
34, 049
34. 460
33,760
34, 762
34,
767
34, 763
Manufacturing
do
13,011
12,221
12, 615 12, 548 12, 599
11,886
12,605
12, 895
12,735
12, 789
12, 863
12,818
12,826
Mining
.do
872
923
877
889
914
908
892
892
892
851
852
873
879
1,666
Construction.
do
1,908
1,644
1,698
1,668
1,683
1,776
1,924
2,156
' 2, 064
2, 057 ' 2,003
2.091
3,302
3,220
3,264
Transportation and public utilities-do
3,390
3,192
3,303
3,292
3,310
3,322 ' 3, 322
3,313
3, 325 ' 3,358
7,027
6,865
6, 944
Trade
do
6,701
6,781
6,968
' 6, 690
7,043
7,017
6,907
6,862
6,812
Manufacturing, unadjusted (U. S. Department
127.9
124.9
135.4
133.1
135.2
130.6
of Labor)f
1923-25 = 100..
137. 0
135. 0 ' 136.1
134.8
134. 2
133.8
132.5
142.1
135.1
131.3
137.6
138. 7
144.0
Durable goodsf
do
152. 4
144.6
144.2
143. 3
145.1
147. 4 ' 149.8
Iron and steel and their products, not in136.1
139.9
132.9
140.5
137.7
139. 4
138. 8
135. 7 '135.3
135. 9
cluding machinery
1923-25=100-. 134.7
138.0
136.3
Blast furnaces, steel works, and rolling
140.6
148.9
144.0
149.1
147.9 I 147.8
147.2
150.0 ' 150.9
148.6
mills
1923-25=100.. 151.5
148.7 ' 149.4
116.7
118.3
113.2
115.2
116.0
103.8
Hardware
do
88.9
'92.3
112.9
105.7
98.6
94.8
94.3
Structural and ornamental metal work
102.3
105. 5
107.4
110.0
109.5
107.2
109.3
110.4 r' 114.0
107.5
106.0
105.7
1923-25 = 100-- 116.0
145 3
120.5
132.0
130.1
145.0
111.2
Tin cans and other tinware
do
108. 2
135. 0
134.4
136. 7
115.9
130. 9
138. 8
74.7
76.8
79.8
'73.5
8.
Lumber and allied products
do
73. 7
77.9
76.6
74.1
' 74.1
74.3
79.5
100.1
103.8
107.4
lUi.u
'97.2
105.6
108.4
108.4
Furniture
do
96.0
106.8
101.9
101.1
102.4
65.7
67.1
69.5
70.0
70.7
70.4
66.4
65.3
63.7
'64.2
'64.6
64.0
Lumber, sawmills....
do
65.4
162.5
167.7
180.1
197.7
172.3
176. 5
178.6
181.4
Machinery, excl. transp. equipment—do
200. 2
183.4
185.0
189.7 ' 193. 9
Agricultural implements (including trac171.8
171.4
170.7
172.0
169.9
170.7
167.5
167.2
166.2
169.1 ' 167. 4
164 1
tors)
1923-25 = 100.. 166.8
Electrical machinery, apparatus, and
167.4
154.0
158.8
163.8
168.7
168.8
109.2
supplies
1923-25=100-.
0)
(0
C1)
0)
0)
Engines, turbines, water wheels, and
271.5
285.5
314.7
325. 0
339.5
298.3
352.5
windmills
1923-25-..
(0
0)
0)
0)
0)
0)
139.1
147. 8
Foundry and machine-shop products, do
162.6
142.6
145.6
147.0
134.9
148.8
150.4
152.1
154.8
157.3 ' 160. 3
338.5
361.5
346.0
351.5
356. 8
Machine tools*
do
0)
327.4
366. 9
0)
0)
0)
0)
0)
180.7
217.9
Radios and phonographs
do
191.6
188.7
202.4
212.5
173. 7
217.6
218.5
209.4
206.5
210.4
141.9
ir 4
143.1
145.5
146.4
Metals, nonferrous, and products
do
144. 2
139.9
146.1
145.1 ' 144.
5 ' 145. 9 ' 147. 4 '' 208.9
144.1
1
189.3
193.i
Brass, bronze, and copper products.do
0)
189.7
192.9
193.
5
184.3
191.5
0)
C
)
(0
0)
1
97.1
102.0 i 101.5
(0
99.6
101.3
oi.8
Stone, clay, and glass products
do
94.1
95.6
99.7
95.6
93.9
94.3
74.7
77.7
Brick, tile, and terra cotta
do
70.1
77.6
79.4
7 a. 1
72.7
95.4
76.2
74.2
69.6
67.6
68.3
125.5
132.4
Glass
d o - . . . 123.3
124.0
127.9
130.0
130.3
'70.2
133.1
132.0
127.8
126.1
126.1
177.8
203.2
Transportation equipmentf
do
251. 7
179.0
172.0
190.9
171.7
210.4
208.9 ' 210.3 r 215. 5
224.1
125.8
Aircraft*
do....
0)
6,305.1 6, 718.1 7,231. 3 7,897. 3 8, 515. 7 9,169. 7
' 236. 5
0)
0)
0)
0)
134.8
128.9
Automobiles
d o . . . . 88.8
134.1
126.9
110.9
124.1
129. 7
116.2
100.2
88.8
86.2
0)
337.9
494.6
Shipbuilding*
do....
0)
310.1
375.3
388.3
442.5
533.3
0)
0)
(0
(0
'84.1
p
1
Revised.
° Not available for publication.
P Preliminary.
0
Included in total and group indexes, but not available for publication separately.
fRevised series. For revised indexes, beginning in 1937 for all industries and January 1938 for durable goods, see table 12, p. 18 of the March 1941 Survey. Index for
transportation equipment revised beginning January 1939; see table 57, p. 17 of the December 1940 Survey.
*New series. Indexes of installment accounts and collection ratios for furniture, household appliance, and jewelry stores beginning January 1940 will be shown in a subsequent issue. Data for mining, construction, transportation and public utilities, Government, and military and naval forces are correct as published in table 11, on pp. 17
and 18 of the March 1941 Survey. Estimates of total civil nonagricultural employment, employees in nonagricultural establishments, manufacturing, and service industries
(included in the miscellaneous group) have been revised beginning January 1929 and trade beginning January 1935, to adjust monthly estimates to the 1939 Census levels of
employees in manufacturing concerns engaged in clerical, distribution, or construction activities, and retail trade employment, and to figures shown by the 1930 Census of
Occupations; the revised data will be published later. Adjusted estimates of employment beginning January 1929 will be shown in a subsequent issue. For indexes beginning
1923 for machine tools and shipbuilding, and index for 1931 through 1938 for aircraft, see tables 39 and 40, pp. 15 and 16 of the October 1940 Survey; for aircraft indexes (revised)
for 1939, see table 57, p. 17 of the December 1940 Survey.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
S-9
SURVEY OF CURRENT BUSINESS
Julv 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the
May
1940 Supplement to the Survey
1941
June
May
July
August
1942
Sep-
Octo-
Novem- December
January
February
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
j
Mfg., unadj. (U. S. Dept. of Labor)—Cont.t
Nondurable goodst
1923-25=100..
Chemical, petroleum, and coal products
1923-25 = 100.Chemicals
do....
Paints and varnishes....
do.—
Petroleum refining
do....
Rayon and allied products
do
Food and kindred products
...do
Baking . .
do....
Slaughtering and meat packing
do....
Leather and its manufactures
do
Boots and shoes
do....
Paper and printing
do
Paper and pulp
do—
122.3
118.8
121.1
123.9
127.7
128.7 127.3
125.4
124.8
122.1
123. 0
123.2
' 123. 0
156 6
192.1
135.8
131.4
312.4
135.6
151.1
138.5
98.7
95.8
119.2
128.3
135.9
166.8
141.4
122.0
323.5
127.4
149.0
116.8
95.5
93.0
120.8
122.7
137.5
172.2
144.8
125.2
327.0
135.2
152.2
120.3
98.1
94.9
121.6
124.6
140.0
175.9
145.5
127.4
324.4
145.8
150.2
123.1
101.0
98.1
123.0
126.0
143.1
180.1
144.8
127.9
329.3
159.3
152.7
122.4
101.1
98.3
123.9
127.8
147.6
182.4
143.9
128.5
327.0
163.2
153.5
123.6
98.9
95.2
124.9
128.4
149.9
183.8
143.9
129.2
325.0
152.5,
154.5
125.9
98.5
94.7
126.5
128.2
Rubber products
do.—
Rubber tires and inner tubes
do
Textiles and their products!
do
Fabrics!
do....
Wearing apparel
do
Tobacco manufactures
do....
Manufacturing, adjusted (Fed. R e s . ) t — d o —
Durable goodsf
do....
Iron and steel and their products, not including machinery
1923-25 = 100..
Blast furnaces, steel works, and rolling
mills
- _.1923-25 = 100..
Hardware
do
Structural and ornamental metal work
1923-25 = 100..
Tin cans and other tinware
do
Lumber and allied products
do...Furniture
do—
L u m b e r , sawmills
do....
Machinery, excl. t r a n s p . e q u i p m e n t - d o
Agricultural implements (including tractors)
1923-25 = 100..
Electrical machinery, a p p a r a t u s , and supplies
1923-25=100.Engines, turbines, water wheels, a n d
windmills
1923-25=100F o u n d r y a n d machine-shop products
1923-25 = 100..
Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, a n d products
do
Brass, bronze, a n d copper products-do
Stone, clay, a n d glass products
do..Brick, tile, a n d terra cotta
do....
Glass
do,...
94.7
75.0
m.6
104.6
122 6
63.7
136.9
150.2
106.4
83.3
112.5
105.1
124.2
64.9
124.9
129.5
110.7
86.3
112.6
106.2 j
121.9
65.5
128.7
134.0 |
111.4
87.4
113.2
107.0
122.2
65.4
133.3
140.2
111.8
86.7
115.4
108.9
129.6
65.8
133.3
141.5
111.5
86.5
115.5
106.3
131.3
63.9
132.3!
141.3 j
111.6
86.0
114.9
106.4
129.0
67.3
132.8
142.3
149.8
185.3
142. 6
129.1
322.9
145.9
153.7
129.9
96.7
92.3
126.7
128.7
111.2
86.1
113.4
106.1
124.9
68.4
134.4
143.7
149.7
185.4
142.2
129.2
321.1
141. 0
151.5
138.1
99.2
95.2
128. 3
129.1
110.3
84.9
113.0
106.2
123.2
67.5
134.9
144.3
'151.1
185.9
140.9
129.1
315. 9
135.4
149.5
143.8
98.9
95.4
124.7
129. n
99.6
75.2
111.1
105.1
119.7
63.4
' 135. 7
' 146. 7
' 154. 9
' 1S8. 7
141. 0
129.6
312.6
133. 5
150.0
137.8
100.2
96.6
123.3
129.6
98.9
73.5
113.0
104.9
126.4
65.5
' 135.1
146.8
' 158. 4
192.5
140.7
130.8
313. 2
131.6
150. 3
134.0
101.9
98.6
121.9
129.7
98.9
74.2
113.5
105.0
127.7
65. 4
134.7
146.9
' 158. 8
' 193. 2
' 138. 7
' 131.6
' 310. 4
' 132. 8
' 149. 5
' 134. 0
' 100. 5
'97.4
' 121.1
' 129. 8
' 95.2
'74.1
' 113.1
' 105. 2
' 126. 0
'64.4
' 135. 4
' 148.1
133.8
132.0
136.0 |
139.1
140.2 [
138.3
138-9
139.0
'136.4
134.7
' 134.1
148
113
149
114
150
110
149
94
148
94
107
138
76.9
104
67
107
141
78.1
105
68
108
147
r 79. 2
' 106
70
181.2
183.4
112
141
'77.9
104
68
190.8
' J87.1
113
122
75.3
103
65
194.4
172
167
242.8
0)
85
164.6
6,121
128
174.2
6,522
132
196.1 I
7,160
149
193.1
1,897
139
Shipbuilding*
do....
N o n d u r a b l e goodst
do
Chemical, p e t r o l e u m , a n d coal'prod.-do
Chemicals . . _
do
P a i n t s a n d varnishes
do
Petroleum refining
....do.—
R a y o n a n d allied p r o d u c t s
do
(i)
124.1
158.5
193
131
132
319
301
120.5
137.5
ir>8
136
123
330
135.0
149
341
123.7
141.5
172
140
125 |
337!
137.3!
151 j
387
126.3
143.9 1
173 |
145 j
127 !
326
398
125.5
146.3 j
179 i
148
127
328
Slaughtering a n d meat packing
do
Leather and its manufactures
do
Boots a n d shoes
do
Paper and printing .
do
Paper and p u l p
do....
R u b b e r products
do
R u b b e r tires and inner tubes
do
Textiles a n d their p r o d u c t s !
do
Fabrics!
do
Wearing apparel
do _ .
Tobacco manufactures
do
Manufacturing, u n a d j . , b y States and cities:
State:
Delaware
1923-25 = 100..
Illinois!
. - ...1935-39 = 100 _
Iowa
_. 1923-25 = 100 .
Maryland
.
1929-31 = 100..
Massachusetts
1925-27 = 100..
N e w Jersey
- ..1923-25 = 100-New York!
1935-39 = 100-Ohio!
.
--do
141
100.0
97
119.0
128
94.6
75
112.1
105.3
122.5
04. 6
119
96.8
94
121.2
123 j
106.1
83
112.9
105.9
124.0
65. 8
121 j
101.0
98
122 9
125 |
111.7
$6
116.1
109.0
127.0
65.8
i
124
97.9
94;
125.1 j
128!
113.3 |
87 |
317.1 j
109.6 I
J28.8
64.4 !
142.5
13,6.3
15&0
164.0
101.8
152.5
144.0
-
I
129.7|
129 6 j
152.3 1
131.9
96.1
132 3
128.0
129.0
129.4
133.1 |
154.9 j
135.0 I
97.6
136.0
129.2
131.8
123 1
100.2 j
97 j
124.8;
126 |
113.0 j
87!
120.0
111.1
135.0
05. 7 |
j
|
134.7 1
136.6 j
156.6;
138.9 |
99.1J
138.4
131.1
134.6
139.7 ! 138.2
j
148
149 |
115
117 j
j
307
106
127
132
76.4
77.3
101
103
67
68)
177.8
179.3
181
180
168
168
323
348
148
147
360
355
179
183
143.1
144.8
191
194
98.9
98.7
73
74
131
130
204. 5
195.2
9,459
8,779
129
128
487
440
123. 8
123.8
147.1
145.7
181
180
144
145
129
127
323
324
140. 7
1388
152
151
126
125
99.
6
98.0
96
94
124.9
124.4
128
12S
J10 1
lll.P>
86
87
112.9
114.7
105.4
107.2
124.7
126.6
64.1
62.0
142.5
140.3
159.1
142.8
99.1
136.9
138.0
136.6
147.5
139.7
160.1
144.3
99.5
145.3
142.5
138.6
Transportation equipment!
Aircraft*
Automobiles--..
Food and kindred products
Baking
do
do....
do—
do.-.do.—
151
88
140 j
116
117
110
73.5
99
64
198.7
103
122
74.6 1
104
64!
161.6 i
|
166
162
(i)
153
(i)
259
|
161
(i)
218
145.1
0)
90.6
(\6
121
143.6
151
134
326
397
140.7
183
92.1
69
122
145
118
149
105
104 j
129 |
75.9 j
106 |
65 |
167.3 1
I
170 I
I
159 |
I
275
!
139 ]
337 i
184 j
144.1 j
191
93.7
69
124
105
131
78.9
108
68
173.0 |
107
132
78.4
107
68
177.7
175 j
1
164
182
293
|
143 I
349 |
191
147.8
193
98.6
73 j
131 I
138.4 I
149 j
150
116
168
315 I
1
146
366
187
147.9)
195
98.4
74
130
140.9 1
152 1
137.8
139.1
161.5
145.4
100.2
144.4
142. 5
337.5
110. 9
120. 7
169
371
149
365
194
142.2
191
100.9
76
133
208.9
9,799
127
532
125. 6
148.2
184
144
128
320
147. 0
152
127
104.2
101
124.8
129
110. 1
161
0)
0)
0)
0)
150
0)
206
143.4
0)
| 101.6
77
132
!
4
I 205.
0)
I
Ul
|
i 0)
I 126.0
! 149.2
187
144
129
320
147.5
152
0)
137.1
139.1
162. 8
147.0
100.4
145.7
141.2
136.9
111.5
126. 6
0)
0)
153
155
0)
0)
220
' 147.0
0)
' 105.0
'81
' 135
210.1
0)
96
0)
'125. 2
151. 5
190
145
130
313
r 148. 4
153
133 I
139
! 103.1 | 98.8
100 !
j
95
i 125.9;
129 I 125. 2
I
130
109.6 ;
99.8
85 !
113.3
75
113.2
r
105.1
112.0
104.4 I r
126.9
104.1
128.2
1
65.0
66.5 ! ' 125.1
69.2
136. 1
139. 0
161. 7
146. 4
100. 1
145.3
141.1
137. 2
111.0
126.5
160
161
137.8
137.2
158.2
149.5
99.2
145.8
138.9
135. 3
110. 3
124.9
235
' 146. 8
(!)
* 100. 1
78
126
214.6
0)
157
(')
250
146.9
(')
96.9
75
124
217.9
0)
81
84
0)
r 123. 8
154. 4
192
' 142
131
3C8
147. 5
152
138
96.3
92
123.4
130
98.7
74
' 110.0
'• 1G2. 2
' 122.8
66.7
138.1
137. 7
153. 3
153. 4
100.5
148.3
143.4
135.4
' 111.8
125.7
0)
123.1
155. 6
194
141
132
309
144.3
152
137
97.4
93
122.4
130
98.1
74
109.4
102.7
120.0
66.1
138. 7
136.9
154.5
157.4
101.5
150.1
145. 4
140.9
112.5
127 A
'149
'116
' 115
'73.9
101
64
197.1
'157
0)
0)
160
0)
'249
' 144. 2
0)
'94.7
71
125
' 227. 9
0)
'79
' 123.3
' 157. 2
194
137
132
317
' 142. 3
151
'138
'98.1
'95
' 121. 5
130
'94.4
' 74
r
110. 9
104.8
' 119.7
r
65. 8
139.8
136.4
153.4
r
160. 7
102.0
'151.6
145. 2
141.7
'112.9
129.6
Pennsylvania
1923-25=100-112.8 104.4 j 106.7 | 108.7! 110.3 110.6
Wisconsin!
1925-27 = 100-131.2 118.7 121.7 ! 122.4 j 124.7 126.4
City or industrial area:
i
144.8
146.2
146.9
154.1
149.8
157. 7 ' 161. 2
Baltimore
1929-31=100_
104.2 129.9 j 132.9 137.3 1 141.7 143.7
140.6
139.0
139.4
140.2
139.1
137.9
137.6
Chicago!
- ..1935-39 = 100136.6 128.1 130.8 135.8 138.1 138.4
134. 3
130. 3
137.7
134. 2
133.4
139.6
141.0
Cleveland
.
1923-25 = 100..
142.7 125.3! 128.5 130.1 132.7 134.1
97.4
104.6
117.3
119.0
102.7
111.0
115.7
Detroit
do .
118.6 123.8 119.6 ! 96.0
116.0 115.0
135.8
135.1
134. 3
135.9
134.9
137.6
141.8
Milwaukee . . .
1925-27=100..
144.9 128.3 131.3 130.2 135.4 136.9
126.7
129.8
121.9
126.3
132.4
130.1
131.9
New York!
1935-39 = 100-128.3 117.4 114.5 114.6 125.6 130.5
118.7
120.3
117.6
118.1
' 122.8 '123.8
Philadelphia
.
1923-25=100-.
124.8 106.7 109.1 110.5 111.8 114.3 1 116.3
119.3
118.8
118.4
118.
5
118.0
118.5
'119.4
Pittsburgh
do.._.
119.3 109.9 112.9 115.6 117.1 117.1 |
125.7
127.5
127.7
125.5
127.8
' 128.1
Wilmington
do..._
128.2 116.5 I 117.1 i 120.0 I 120.9 I 122.4 I 122.4
1
' Revised.
Included in total and group indexes, but not available for publication separately.
!Revised series. For revisions for all industries, durable goods and nondurable goods, see p. 18 of the March 1941 Purvey. Index for transportation equipment revised
beginning January 1939; see table 57. p. 17 of the December 1940 Survey. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions
prior to March 1939 which have not been published are available upon request. Revised indexes for Illinois beginning 1923 adjusted to census trends for the years 1923 through
1935 will be published in a subsequent issue. For revisions in Chicago indexes, see note marked with a " t " on p. 29 of the January 1941 Survey. Index for Wisconsin revised
beginning 1925; revised data not shown on p. 72 of the February 1941 Survey will appear in an early issue. Earlier monthly data on indexes beginning 1923 for Ohio factory
employment revised to 1935-39 base are shown on p. 17 of the March 1942 Survey. Earlier data for the revised New York indexes will appear in a subsequent issue.
* New series. For indicated series see note marked with an "*" on p. S-8 of this issue.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
S-10
SURVEY OF CURRENT BUSINESS
1941
1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
May
Julv 1942
May
June
July
September
August
1942
October
Novem- December
ber
February
January
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
1929=100. J
Bituminous coal.
do
i
Metalliferous
.-do
j
Crude petroleum producing
do
\
Quarrying and nonmetallic
do
1
Public utilities:
|
Electric light and powerf
do
j
Street railways and bussest
do
Telephone and telegraphf
-do
i
Services:
j
Dyeing and cleaning
do
i
Laundries
do,..J
Year-round hotels
-do
i
Trade:
j
Retail, totalf
do
1
General merchandising!
do
j
Wholesale
do...J
Miscellaneous employment data:
!
Construction, Ohio!
1935-39=100__ I
Federal and State highways, total tnumber.. I
Construction (Federal and State)
do
I
Maintenance (State)
.
do— |
Federal civilian employees:
i
United States
do....
District of Columbia
do
Railway employees (class I steam railways): ;
Total.
..thousands J
Indexes: Unadjusted
1923-25=100- j
Adjusted
do
j
LABOR CONDITIONS
48.4
93.3
82.0
58. 5
51.7
48.6
87.9 i
77.1 j
51.0 |
51.9
49.3
90.3
79.0
62.1
52.7
88.0
73.2
91. 2
92.2 |
68.9 i
84.6 I
93.5
69.1
86.3
61.5
!
i
|
i
|
50.0
92.6
79.9
62.2
53.9
50.0
94.2
79.4
61. 8
54.2
50. 3
95. 3
79.7
61.6
54.1
50.2
95.1
79.5
60.9
52.6
49.1
95.5
80.2
61.1 i
50.9 !
49.0
95.1
80.7
61.3
46.8
48.8
94.5
81.0
60.6
46.7
48.5 :
'93. 8 i
'81.9 ;
' 59. 7
r
47. 7 i
47.9
93.3
82. 5
59. 1
"0. 4
94.6
69.5
88.3
95.2
69.7
89.6
94.9
70.3
90.3
94.1 j
70.3
90.6
93.4
70.2
90.1
93.1 !
70.6 !
90.0 |
92.0 !
90.5
70.7
90.3
89.6 ;
r 71. 2
'90.5 l
89. 2
70.4 I
90.4 j
127.8
113.8
95.6
120.6
108.3
96.3
122.7
112.0
95.0
121.7
115.8
94.5
118.9
114.6
94.5
121.5
113.0
95.7
121.2
111.2
96.2
117.2 |
108.9
96.1
113.3
108.4
95.3
109.8 I
108.8 j
94.2 ;
109.5
107.6
94.1
94.2
110.1
91.2
96.1
102.5
92.2
97.8
105.1
93.8
96.7
100.9
94.2
96.9
103.0
95.8
100.0
111.7
95.6
101.0
116.4
96.3
103.0
125.9
96.3
113.0 !
161.5 !
96.3 ;
95.4 I
105.1
94.0 j
103.2 i
94.3 '
150.8 ! 163.0
166.5
285,397 | 318,436 ! 331,438
127,634 142,185 j 152,691
118,945 134,896 \ 136,651
167.7
340,146
158,744
138, 631
71.1
70.3
l
121.2
110.2
' 113.8
107. 9
'93.5
r
93.9
107.6
92.4
'94.4 .
105. 9 :
' 93. 9
164.7 i 162.3
320, 301 300, 381
149,800 135,622
128, 415 124, 523
157.2
146.4
125.6
125.1 I 131.9 13S.4
270, 202 224,762 i 194,092 183,559 I 191.444 218.037
111,755
75,131 j 49,113
44,852 f 52.975
72.420
118, 559 110,311 105,920 ; 101,087 | 102.023 105.441
,306,333 1,370,110 11,391,689 1.444,985 11,487,925 1,511,682
177,328 184,236 185,182 j 186,931 j 191,588 194, 265
,545,131 !l,670,922 1,703,099 |l,805,186 j 1,926,074 2.011,848
199,283 207,214 223,483 233,403 I 238,801 248.979
1,148
63.0
62.3
1,179
64.7
63.3
1,211
66.5
64.8
1, 231
67.6
66.0
1,235
67.8
66.5
41.3
40.8
41.7
41.3
41.0
40.3
41.2
41.0
41.6
40.9
463
357
571
439
635
465
698
470
687
321
420
2,172
143
227
1, 504
143
226
1,326
212
305
1.825
295
358
1,953
198 i
348 i
1,925 I
5,156 I 5,126
1,539 I 1,623
622 I
624
4,982 j
1,597 !
630 I
4.699
1,446
671
4,356
1, 396
1,108
4,229 I
3,914 I
3,623
3,045 |
2,650
935 j
I
2,548 |
1,227
67.3
66.8
1,211 |
66.3 !
1.192
65.4
68.2
1,193 i
65.4 j
68.0 i
41.7 !
41.1 !
41.5
40.3
41.6
41.2
42.4
41.5
42.4
42.2
432 !
664 |
271
464
143
287
'139
'222
'172
'243
'210
'272
228
339
1,397
476
'26
42
'327
57
75
'353
'66
r
78
'391
v 55
v 85
4.234
11327
583
4,413
1,603
493
4,899
1,956
439
4,888
1,532
427
4, 559
1, 567
511
' 4, 398
' 1. 576
'606
2, 597
3,618
4,584 |
4,103
3,977 i 3,512
523
27, 847
797 ;
41,056 j
1,243
68.2
66.3
68.0 1
1, 215
66.6 !
68.5
1,266
09.4
70.0
:
Average weekly hours per worker in factories: I
Natl. Ind. Con. Bd. (25 industries)..hours.. I
U. S. Dept. of Labor (90 industries)
do
!
Industrial disputes (strikes and lockouts):
P275
Beginning in month
number..
In progress during month..
do
^375
Workers involved in strikes:
Beginning in month
thousands.
In progress during month
do
Man-days idle during month
do
Employment security operations (Soc. Sec. Bd.):
Placement activities:
Applications:
4, 252
Active
file
thousands
1, 563
New and renewed
..do
Placements, total t
...do— j
Unemployment compensation activities:
;
Continued claims
..thousands. j ?2, 695
Benefit payments:
j
Individuals receiving payments § ..do
* 543
Amount of payments
thous. of dol.. j 31, 703
Labor turn-over in mfg. establishments:
j
Accession rate..mo. rate per 100 employees._|
Separation rate, total
do—j
Discharges
do
Lay-offs
do—
Quits and miscellaneous
do
!
PAY ROLLS
60.4 I
49.2
88.1
78.9
3,576 i
659 I
684
31,574 j 30,561
5.95
3.86
.24
1.08
2.54
6.31
3.71
.26
1.03
2.42
1,488 j
572
26,494
493
22, 942
430 |
21,430
471
21, 066
6.00
4.24
.29
1.40
5.43
4.14
.30
1.13
2.71
5.16
4.53
.31
1.16
3.06
4.87 I
4.13 I
3.91
3.51
.24
1.44
1.85
2.44 I
^ 405
i
611
29, 307
.28 !
1.41 |
42. 8
42.4
6.87 I!
4.76
4.71 |
.29 j
2.15
•^ !
2.27
5.10
.30 |
1.61
3.21 j
838 |
.9,884
6.00
4.78
.29
1. 35
3.14
803 i
668
43,035 ; 36,311
6.99
5. 36
.33
1. 19
3.84
6. 12
.35
1.31
4.46
i
|
i
Manufacturing, unadjusted (U. S. Department j
of Labor) t
1923-25=100..
Durable goods t
do... I
Iron and steel a n d their products, not in- !
eluding machinery
1923-25 = 100.. j
Blast furnaces, steel works, and rolling j
mills
1923-25 = 100__;
Hardware
do
j
Structural a n d ornamental metal work
1923-25 = 100,. |
T i n cans and other tinware
do... I
L u m b e r and allied products.
do
1
Furniture
do
!
Lumber, sawmills
do
!
Machinery, excl. transp. equip
do... j
Agricultural implements (including trac- \
tors)
1923-25 = 100.. i
Electrical machinery, apparatus, a n d i
supplies
1923-25=100.. |
Engines, turbines, water wheels, and
windmills
1923-25=100..
Foundry and machine-shop products
\
1923-25 = 100.. |
Machine tools*
do—!
Radios and phonographs
do
!
Metals, nonferrous, and products
do... I
Brass, bronze, and copper products-do.—. |
Stone, clay, and glass products
do
j
Brick, tile, and terra cotta
do
j
Glass
do....!
192.6
233. 5
144,1
163.1
152. 2
173.9
152.7
172.2
158.1
177.6
162.6
183.3
167.0
191.4
165.4
190.3
169.9 i
195.4 j
173.5
204.3
178.3
' 182.8 '
'217.2
' 223. 9
187. 4
160.9
168.6
170.6
173.4
171.9
174.2 |
173.7
178.3 i ' 181. 1 ' <• 181.3
203.5
133.7
172.7
141.5
179.9
150.2
181.6
123.8
183.3
145.7
178.4
148.7
181.1
151. 5
183.2
147.4
185.0
137.7
184.5
133.4
'190.6 j ' 193. 5 ! ' 192. 9
132.0
136.8 I ' 136. 1
149.2
144.2
90.5
116.1
78. 4
327. 7
113.8
146.4
78.0
102.7
66.0
217.2
120.1
163.2
83. 9
110.0
71.1
229.9
112.5
171.3
85.5
110.1
73.5
233.0
125. 2
184.7
92.3
116.1
80.3
243.4
123.6
187.6
90.8
118.0
77.5
248.2
127.2
171.7
92.3
120. 6
78.2
255.7
116.0
165.8
86.4
118.8
70.2
255. 3
121.2
173. 6
85. 8
120. 9
68.0
269.6
' 124.9
180.8
81.7
111.1
67.3
284.2
231.6
257.8
229.0 !
233.3
228.4
227.5
230.7 !
0)
215.3
224.0
232. 0
240 0
24J.3 ;
()
444.1
484. 7
507.9
546.2 j
572.9 |
166.2
507.2
191.5
166.7
246.6 j
97.8
69.1 |
150.3 !
177.8
529. 3
200.4
174.6
262. 2
100.2
71.8
153. 5
176.5
534. 7
218.7
173. 7
263. 8
98.9
73.4
147.1
186.0 I
553.4
234.0 I
182.6 |
273.6 |
104.2 I
77.0 |
155.4 i
187.8 !
578.2 J
254.4 !
185.6 !
270.8
105. 4
76.2
160. 5
211.7
(r)
276.8
210. 9
(!)
105.1
72.0
164.9
' 133.3
164.6
86.0
115.8
71.9
294. 8
r
'140.0
145. 9
150.0
' 145. 4
86.7 i ' 8 7 . 8
116.2 ! ' 113.9
72.9 ! ' 75. 0
' 307. 2 I ' 315. 3
223.9
219.0 !
228.8
241.1 !
250.4 : ' 250.1
241.9
0)
0)
0)
0)
615. 5
676.3
0)
0)
0)
194.7
596. 3
261. 7
185.9
267.6
109.5
75.8
173. 7
191.4
599.1
267.0
182.0
261.0
105. 8
72.9
168. 2
202.8
211.2 !
219.3
0)
0) i
0)
276.6 I 279.0
199. 8 ! ' 202. 3
(0 ! 0)
227.3 !i
286.3
192.1
0)
106.6
72.6
171.1
r
'102.3
98.0
66.7
65 2 :
160.6 ! 165. 6
!
0)
290.7 ;
'208.5
r
'103. 7
68.6
165.4
r
r
202. 2
207. '.'
105. 0
' 71. 1
' 165.5
x
v Preliminary.
' Revised.
Included in total and group indexes, b u t not available for publication separately.
§ D a t a are a weekly average of the number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within t h e month.
JTotal includes State engineering, supervisory, and administrative employees not shown separately; see note on p . 27 of the M a y 1941 Survey.
tRevised series. Telephone and telegraph indexes revised beginning 1932, other indicated nonmanufacturing employment series beginning 1929; see p . 17 of t h e April
1940 Survey, except for indexes for street railways and busses beginning 1932, which were subsequently revised as shown in table 27, p . 17 of the May 1940 issue. Indexes
beginning 1923 for Ohio construction employment, are shown in table 8, p . IS of the March 1942 Survey." Total placements revised to include placement? formerly classified
as " s u p p l e m e n t a r y " because of the omission of one or more of the steps necessary for a complete placement. Most of these placements were so classified because of lack "of
registration and were largely placements in agricultural jobs. Only complete placements were formerly shown in the Survey. Data comparable with the series here shown
will be published in a subsequent issue. For revisions in pay-roll index for all manufacturing and durable poods for 1938 and 1939, see table 12. p . 18 of the March 194] Survey.
http://fraser.stlouisfed.org/
•New series. For pay-roll indexes beginning 1923 for machine tools, see table 40, p . 16 of the October 1940 Survey.
Federal Reserve Bank of St. Louis
S-ll
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
1941
May
September
May
June
July
August
1942
October
Novem- December
ber
January
February
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Mfg., unadj. (TJ. S. Dept. of Labor)—Con.
Durable goods—Continued.
Transportation equipmentt _ . 1923-25=100.
Aircraft*do...
Automobiles
do...
Shipbuilding*
...do...
Nondurable goodsf.
do
Chemical, petroleum, and coal products
1923-1925 = 100..
Chemicals
do...
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do...
Food and kindred products
do...
Baking
.do
Slaughtering and meat packing
do
Leather and its manufactures.
do
Boots and shoes
do
Paper and printing
do
Paper and pulp
do
Rubber products.
do
Rubber tires and inner tubes
.do....
Textiles and their products!
do
Fabrics!
do
Wearing apparel
do
Tobacco manufactures
...do
Manufacturing, unadj., by States and cities:
State:
Delaware
1923-25=100..
Illinoisf-1935-39=100..
Maryland...
.1929-31=100..
Massachusetts....
1925-27=100..
New Jersey....
1923-25=100..
New Yorkf....
1935-39=100..
Ohio*
do
Pennsylvania.
1923-25=100..
Wisconsin!
1925-27=100..
City or industrial area:
Baltimore
1929-31=100-.
Chicagot
---1935-39=100..
Milwaukee
1925-27=100_.
New Yorkf.
1935-39=100..
Philadelphia
.1923-25=100..
Pittsburgh.
do
Wilmington
do
Nonmfg.. unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
.1929=100..
Bituminous coal
.do
Metalliferous
do
Crude petroleum producing
do
Quarrving and nonmetallic
do
Public utilities:
Electric light and powerf
do
Street railways and busesf
do
Telephone and telegraph!
do
Services:
Dyeing and cleaning
do
Laundries
do
Year-round hotels
do
Trade:
Retail, totalf
do....
General merchandising!
do
Wholesale
do
252.6
224.4
228.8
9,045.7 10,303.0 11,145.8
159.3
158.0
139.2
703.8
582.0
614.6
139.5
130.7
136.3
C1)
135.0
(0
146.8
217.0
7,745.1
170.6
433.5
122.9
240.0
8,193.5
188.3
504.4
127.9
224.2
297.7
175.7
178.4
391.3
160.7
166.3
170.6
112.7
107.1
132.1
171.7
134.8
109.6
129.6
129.0
122.7
74.3
165.5
221.8
170.4
146.3
356.2
134.7
148.4
133.1
91.0
86.7
124.9
145.6
128.7
111.1
110.4
109.3
105.9
67.1
173.6
232.7
177.8
156.7
362.4
144.4
154.4
137.8
97.2
91.9
128.6
157.7
141.1
122.4
111.4
111.6
104.1
70.2
177.7
239.7
172.7
157.2
368.6
152.8
153.1
139.4
103.2
98.8
128.6
156.9
135.6
118.4
113.6
113.3
107.1
69.8
181.5
247.2
171.5
159.1
368.2
165.5
155.2
142.9
104.7
100.7
130.9
162.7
138.8
116.4
119.3
114.4
121.7
70.0
188.5
250.9
169.9
166.4
374.3
170.5
157.4
145.8
101.6
95.3
133.3
163.0
134.8
107.3
123.4
118.0
126.3
70.4
208.2
198.6
279.7
141.4
231.2
219.4
150.2
197.8
150.1
161.6
189.2
110.2
161.1
161.3
176.6
121.7
150.9
156.0
170.5
196.2
114.5
169.0
166.2
186.3
127.2
159.5
159.9
170.2
202.5
117.2
173.9
170.4
188.3
126.3
154.6
169.5
178.7
207.9
116.9
173.0
184.3
190.4
131.1
163.8
282.4
193.5
216.2
175.7
183.8
161.4
184.9
194.5
158.2
157.8
136.4
126.4
138.4
134.9
200.6
166.1
163.9
134.4
134.0
143.9
138.8
207.4
168.9
159.3
139.0
136.8
140.5
141.3
51.3
122.5
100.9
63.2
62.6
33.4
107.2
81.5
58.8
53.2
51.2
107.2
85.3
59.9
55.7
113.3
84.8
124.1
109.6
72.7
110.5
113.3
123.0
95.0
93.9
109.1
91. 9
402.0
287.8
282.0
12,296.0 13,182.6
176.6
175.8
803.4
829.1
139.6
137.4
290.6
r 329. 6
141.3
' 139. 0
196.2
261.4
173.8
168.0
386.4
163.0
157.6
151.1
100.5
93.3
135.9
165.4
138.0
111.8
122.4
120.2
119.2
75.6
197.7
265.6
172.2
167.9
385.2
157.7
159.7
153.7
97.0
88.4
137.5
166.9
140.6
117.6
118.3
118.9
109.8
77.1
203.0
271.7
175.9
173.9
391.2
157.2
157.5
168.9
106.7
99.5
144.1
169.8
136.9
108.6
122.1
123.7
111.6
76.8
173.7
180.5
215.2
121.3
189.3
194.5
190.9
131.2
164.6
169.5
183.7
224.5
120.7
188.5
190.0
195.7
136.2
173.2
171.9
181.7
221.4
119.5
190.0
186.7
194.9
135.2
170.5
212.8
174.8
169.7
157.9
139.1
146.3
146.0
220.9
177.8
168.2
170.2
144.0
143.6
145.9
229.6
180.3
175.0
357.3
149.9
150.6
149.7
34.8
105.4
79.3
61.4
55.5
51.1
117.3
85.4
61.5
59.3
115.5
85.9
64.4
60.5
111.4
76.2
113.0
113.5
75.8
115.7
115.1
78.6
118.4
96.1
98.7
87.9
98.4
102.5
87.4
96.4
106.7
87.6
91.5
96.0
84.6
95.2
100.1
88.2
94.0
97.5
88.0
' 205. 3
278.0
172.5
171.1
392.4
154.7
158.2
182.3
107.3
101.0
136.6
171.9
127.4
103.0
119.7
122.0
107.8
72.6
0)
135.0
(0
142.1
r 212. 3
279.3
176.6
178.3
391.3
150.7
159.6
162. 6
'113.3
107.6
' 135.1
' 174.2
127.4
101.7
126.9
123.7
' 125. 5
72.3
' 349. 7
0)
132.1
0)
144.3
'219. 3
287.8
r 179. 3
179.6
394.4
r 150. 5
160.6
159.7
' 117. 2
112. 2
134.8
' 175. 6
132.3
106.3
129.2
124.8
130.1
70.6
182.4
188.4
234.0
125.7
198.5
194.2
202.8
139.6
172.9
187.9
188.4
241.0
129.3
205.3
197.8
203.6
139.4
175.2
188.7
192.4
251.5
132.6
210.2
210.0
210.9
144.7
182.2
193.8
194.3
259.7
136. 4
219.2
216. 4
223.3
146.8
188.1
199.0
195.9
' 276.7
137.6
' 224.2
217.9
225.4
' 148.6
191.3
226.9
179.9
173.8
150.9
151.8
149.8
153.8
240.4
186.9
180.2
158.7
159.0
153.1
163.2
247.5
189.1
182.0
156.7
160.6
153.3
169.2
256.0
189.1
187.0
176 6
168.6
157.5
169.4
263. 8
191.0
195.0
183.1
' 174.6
158.4
173. 9
' 281. 3
192. 5
204.4
181.4
'r 179.1
159. 5
' 178.1
49.2
122.6
88.3
64.4
61.5
41.8
116.3
89.8
64.2
57.5
35.9
119.9
93.7
64.6
55.8
39.4
117.1
94.3
64.8
48.9
49.6
118.2
98.4
64.8
52.0
' 50. 9
r 116. 9
'99.1
'62.6
'54.4
44.7
118. 4
97.0
62.8
57.9
115.0
78.1
117.3
115.7
78.4
117.0
115.2
78.2
118.3
115.2
80.0
122.9
114.6
80.5
120.9
113.7
83.7
120.9
' 113. 5
'84.7
' 121.8
113.6
84.5.
122.0
92.1
104.7
88.2
99.5
105.2
90.0
98.5
103.4
91.9
93.0
101.9
93.2
88.6
102.6
93.3
86.5
103.8
91.5
85.6
102. 5
92.6
'92.7
' 104. 3
'91.6
105.6
108. 4
93.5
94.0
99.3
89.8
95.8
106.6
90.9
97.3
110.9
92.0
98.5
117.8
91.6
107.8
151.1
92.8
94.6
105.7
91.8
93.9
104.1
'93.7
' 105. 2
93.9
93.2
106. 5
92.0
0)
147.9
0)
0)
153.6
0)
' 336.6
' 376.0
0)
'131.3
' 144.9
' 223.0
' 293.2
' 177.1
' 179.0
' 387. 9
' 153.0
' 160. 2
' 162. 3
' 115. 6
' 110.4
' 133.2
'172.1
' 130.3
' 106. 3
' 129. 0
' 126. 8
' 125. 3
'73.8
WAGES
Factory average weekly earnings:
37.47
38.14
35.74
36.08
37. 53
Natl. Ind. Con. Bd. (25 industries)--dollars.33.12
34.10
38. 65
34.26
35.10
35.65
33.70
35 71 ' 36.10
30.78
32.06
36. 63
TJ. S. Dept. of Labor (90 industries)
do
31.88
32.89
32.79
33.70
35.11
31.66
31.22
'
41.
92
36.82
'
41.53
Durable goods
do
35.57
42.57
36.91
37.92
36.55
35.84
37.63
38.62
40.91
Iron and steel and their products, not in37.31 ' 38.32 ' 38. 88
36.41
36.99
cluding machinery
dollars. 36.07
36.40
35.60
36.49
35.71
35.53
Blast furnaces, steel works, and rolling
39.13 ' 40. 23 '40.67
39.06
39.26
38.63
39.46
38.98
38.81
37.81
mills
dollars.38.90
40.22
34.08
35.11 I 35. 89
31.35
Hardware
...do
29.89
31.26
32.29
32.07
31.90
33.02
31.42
29.20
Structural and ornamental metal work
34.89
36.92
41.02
36.89 ' 38. 00 ' 39. 95 ' 40. 65
37.59
dollars..
34.04
36.13
36.51
36.98
28.97
28.16
29.21
Tin cans and other tinware
do
28.92
27.27
27.70
29.56
28.89
29.64
27.39
28.42
27.59
24. 94 ' 25. 34
25. 68
Lumber and allied products
.do
22.57
24.47
23.57
25.12
24.30
23.80
24.12
24.68
23.21
27. 11
26.54
27. 64
26.03
Furniture
do
24.35
25.12
26.71
26.74
25.63
26.07
25.49
24.68
23.20 ' 23. 47
23.96
20.74
22.72
Lumber, sawmills
do
21.89
23.22
21.48
21.77
21.79
23.49
21.60
43.06
44.25
38.47
37.17
38.00
Machinery, excl. transp. equip
do
39.23
40.67
42.55
38.96
38.19
37.53
' 43. 83
Agricultural implements (including
38.28
39. 82
36.72
35.96
37.12
37.46
tractors)
..dollars..
37.32
36.62
40.93
36.31
36.88
40.69
Electrical machinery, apparatus, and
40.68
37.16
38.90
37.24
37.41
36.68
37.01
41.10
supplies
dollars..
37.06
37.78
41.52 |
Engines, turbines, water wheels, and
55.04 ' 52. 91
50.64
50.64
45.94
43.39
46.62
windmills
dollars..
45.02
45.03
47.81
53.62
'54.43
Foundry and machine-shop products
41.09
39.86
41.98
38.84
42.90 i
37.72
38.00
37.77
dollars..
43.49
36.51
37.78
36.61
50. 87
51.43 ! 50. 79
42.79
44.74
43.22
Machine tools*—.
do
45.54
50.81
48.82
45.17
43.53
42.80
32. 84 ' 33. 59
32.17 1
34.00
27.02
27.09
29.25
Radios and phonographs
do
29.42
28.32
28.30
30.03
32.01
' Revised.
* Included in total and group indexes, but not available for publication separately.
{Revised series. For revisions in indexes for nondurable goods, for 1938 and 1939, see table 12, p. 18 of the March 1941 Survey. Index for transportation equipment revised beginning January 1939, see table 57, p. 17 of the December 1940 Survey. Slight revisions were made in data for textiles and their products and fabrics beginning 1933:
revisions not shown on p. 27 of the May 1940 Survey are available upon request. Revised indexes for Illinois beginning 1923 adjusted to census trends for the years 1923 through
1935 will be published in a subsequent issue. For revisions in Chicago indexes, see note marked with a " ! " on p. 29 of the January 1941 Survey. Earlier data for the revised
New York indexes will appear in a subsequent issue. Index for Wisconsin revised beginning 1925; revised data not shown on p. 74 of the February 1941 Survey will appear
in an early issue. Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated nonmanufacturing pay-roll indexes revised beginning 1929; see table 19,
p. 17 of the April 1940 Survey.
New series. Data beginning March 1931 on Ohio pay rolls are shown on p. 17 of the March 1942 issue; for other indicated pay-roll series, see last sentence of note marked
with an "*" on p. S-8 of this issue. Earlier monthly data for wage series on machine tools not shown on p. 29 of the March 1941 Survey are available upon request.
S-12
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
July 1942
May
June
July
August
September
1942
Octo- j Novem- December j ber
ber
January
February
March
April
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
!
Factory average weekly earnings—Continued, j
U. S. Department of Labor—Continued.
i
Durable goods—Continued.
j
39. 86
34.30
35. 09
35. 22
34.74
36. 72
38.19
' 39.13
Metals, nonferrous, and products.dollars. 33.12
33.78
' 38.47
34.88
44. 42
43.54
44.02
Brass, bronze, and copper prod...do
37.10
38.37
38.46
38.65
38.24
37.79
40.81
43.62
39.17
30. 06
28.04
28.04
30.03
27.02
29.38
Stone, clay, and glass products
do
27.64
28.28
29.21
28.49
' 29.77
27.98
26. 59
24.62
26. 52
24.97
24.59
25.71
Brick, tile, and terra cotta
.-do
24.58
25.27
25.13
25.72
26.10
25.30
32.38
30.80
32. 14
Glass
-do
32.15
29. 53
29.91
28.19
30.19
32.16
30.97
29.28
31.75
49.77
49.29
' 49. 01
Transportation equipment.
.-do
42.70
40.51
41.72
' 49. 31
39.90
43.60
43.00
43.74
41.23
45.94
46.56
44.98
44.80
Aircraft*
do
35.84
35.63
36.57
38.19
39.20
39.74
42.34
38.08
50. 29
49.36
49.34
48.92
Automobiles
do
41.56
45.68
40.79
41.72
44.32
43.84
40.97
41.09
53. 30
52.42
' 52. 35
Shipbuilding*
do
43.83
45.54
47.84
46.82
45.90
49.19
' 53.38
41.00
46.47
27.82
26.95
r 27. 70
Nondurable goods
do
' 27. 35
24.48
25.11
25.07
25.78
26.11
26.11
26.91
25.38
Chemical, petroleum, and coal products
37.03
32.41
33.63
33.74
34.99
' 3G. 66
dollars..
34.12
35.21
36.14
' 36. 45
36.17
33.78
39. 90
36.04
39.40
36.38
Chemicals
do
35.48
37.66
37.89
38.74
39.02
36.58
39.18
36.57
' 35. 25
35. 34
33.81
32.63
33.33
Paints and varnishes
do
33.05
32.56
34.66
33.30
33.88
34.13
32.65
42.
57
41.94
Petroleum refining
do
42.64
37.14
38.74
38.26
40.14
40.33
40.33
41.74
41.09
38.57
32.15
32. 14
28.35
30.42
Rayon and allied products..
do
29.06
29.29
31.95
28.16
30. 50
31.71
31.13
28.60
' 28. 98
29.14
' 28. 56
Food and kindred products
do
26.68
27.08
26.36
26.56
27.14
27.40
29.06
28.28
26.33
29. 48
29.64
29.41
Baking
do
29.30
27. 56
28.21
28.26
28.32
28.18
28.81
28.84
28.06
31.04
31.49
30.70
Slaughtering and meat packing..do
29.79
29.43
30.63
31.16
30.77
33.02
29.55
31.82
30.31
r
26. 55
26. 50
26.16
Leather and its manufactures
do
25.08
22.09
22.99
23.68
23.71
23.59
23.16
24.87
23.97
25.
32
25.21
24.86
21.66
23.64
Boots and shoes
do
20.89
22.53
22.35
22.07
21.45
23.36
22.90
33.42
' 33.69
33.34
' 33.45
Paper and printing
do
31.13
32.01
31.70
32.34
32.66
32.98
34.02
32.04
32.84
33.
50
32.82
'
33.
28
Paper and pulp
do
29.07
30.97
30.49
31.17
31.73
31.98
32.40
31.18
36. 80
36.10
34.55
34.73
32.82
34.70
33.18
33.54
Rubber products
do
32.65
34.37
33.50
33.78
41. 90
41. 71
39.85
40.23
Rubber tires and inner tubes
do
38.88
41.41
39. 54
36.19
37.92
39.71
37.19
39.17
23.41
22.14
' 23. 28
20.33
20.55
' 22.94
Textiles and their products.
do
21.56
20.13
21.73
22.29
21.91
21.04
23. 24
22.32
'
22.
91
22.73
Fabrics
.do
20.09
20.28
20.43
21.38
21.80
21.66
22.46
20.63
23. 89
21.59
' 24. 30
' 23. 52
Wearing apparel
do
20.22
20.48
20.90
22.68
22.21
21.28
21.79
22.18
20.91
20.76
19.71
20.05
Tobacco manufactures
do
18.82
19.48
19.45
20.36
20.45
20.00
20.65
19.37
Factory average hourly earnings:
.895
.818
.888
.822
.853
.880
Natl. Ind. Con. Bd. (25 industries)
do
.799
.845
.860
.868
.828
.878
.809
.819
.738
.744
. 803
U. S. Dept. of Labor (90 industries)
do....
.726
.758
.781
.770
.787
.745
.801
.899
.910
.893
Durable goods
do
.822
.826
.853
.806
.843
.865
871
.830
Iron and steel and their products, not
.926
.863
.916
.862
.858
including machinery
dollars-.
.875
.877
.886
.894
.871
.904
Blast furnaces, steel works, and rolling
.964
.996
.965
.969
.967
.977
mills
dollars..971
.983
.968
.747
Hardware
do
.707
.737
.710
.744
.749
.754
.742
.736
.752
.783
Structural and ornamental metal work
.892
'. 899
.836
'.892
.826
.852
.825
.840
.846
dollars. .
' . 856
.837
.875
.738
.720
.709
.652
.660
.664
.683
.708
.707
Tin cans and other tinware
do
.703
.669
.713
.633
. 620
.613
Lumber and allied products
do
.556
.570
.577
.590
.598
.602
.602
.588
.607
.671
.659
.651
.584
.597
.601
.626
Furniture
do
.617
.640
.641
.608
.644
.607
.594
.584
Lumber, sawmills
.do
.537
.552
.560
.572
.578
.573
.572
.573
.576
.924
.906
'
.
9
1
3
.832
.836
.850
.861
Machinery, excl. transp. equip
do
.818
.868
.879
.844
Agricultural implements (including
.954
.959
886
.921
.890
.886
.916
.917
.940
tractors)
dollars. .922
.907
.928
Electrical machinery, apparatus, and
.842
.906
.913
.864
.903
.829
.850
.855
.860
supplies
dollars..878
.851
Engines, turbines, water wheels, and
.967
' 1. 120
.977
1.072
1.116
.936
1.019
' 1.093
1.005
windmills
dollais..
1.056
.996
1.110
Foundry and machine-shop products
.819
.881
.900
.818
.843
.803
.849
.879
.829
dollars..
.858
.826
.874
.831
.841
.943
.944
.822
.876
.886
.928
.871
Machine tools*.
do
.908
850
.926
.751
.764
.661
.664
.693
.701
.748
.697
.705
Radios and phonographs
do
.726
.687
.739
.884
.897
.872
Metals, nonferrous, and products-.do
.770
.794
.803
.821
.822
.831
.848
.808
.865
Brass, bronze, and copper products
.970
.834
.861
.894
.982
.876
.890
.957
.887
.918
dollars. .
.887
.948
.762
.769
.759
.710
.717
.720
.721
.736
.744
.749
.753
Stone, clay, and glass products
do
.751
.085
. 689
.639
.642
.645
.653
.655
.657
.666
. 675
Brick, tile, and terra cotta...
do
.648
.669
.826
.839
.769
.780
.782
.812
.836
.839
'.836
.830
Glass
do
.782
.825
r
.976
.988
1.019
1. 055
.945
1.042
1.003
'•1.061
1.051
1.035
Transportation equipment
do
.988
1.069
.966
.948
.951
.794
.797
.812
.845
.870
.901
.916
Aircraft*
do
.845
.957
1,133
1.014
1.063
1.066
1.091
1.136
1.116
1.107
Automobiles
do .
1.079
1.158
1.055
1.168
r
1.080
1.
078
Shipbuilding*}
do...
.928
954
1.013
1.043
1.059
1.070
'
1.
091
1.039
'1.063
' 1. 085
.714
'. 707
Nondurable goods
do
.641
.650
.657
.668
.680
.688
.695
'.702
.658
.701
Chemical, petroleum, and coal products
.824
.838
.861
.889
.875
.881
.806
.845
.900
dollars. _
.881
.837
.962
.950
.973
Chemicals
do
.863
.866
.886
.897
.921
.932
.943
.885
.824
'. 839
.770
.780
.781
.789
.808
.818
.822
'.831
.847
Paints and varnishes
do
.784
1.020
1.030
1.097
1.008
1.083
1.109
1.107
1. 104
1.106
1.104
1.105
Petroleum refining
do
1.025
.800
.812
.712
.722
.729
.746
.773
.775
.797
.812
.808
Rayon and allied products
do
.728
.670
.672
.662
.657
.679
.695
.703
.718
. 723
.718
.732
Food and kindred products
do
.658
.665
.674
.674
.675
.659
.688
.697
. 01)8
.696
.672
. 605
.706
Baking
.
do
.731
.738
.737
.780
.786
.794
.782
.791
.791
.786
.800
Slaughtering and meat packing-.do
.766
.599
.609
.635
.644
.590
.630
.649
.649
.663
.658
.(178
Leather and its manufactures
do
.615
.573
.584
. 605
.614
.567
.616
.633
.601
.618
.629
.649
Boots and shoes
do.
590
.826
.834
.841
.825
.811
.830
. 855
.852
.862
.854
.824
.868
Paper and printing
do.
.716
.727
.732
.739
.676
.728
.760
.769
.747
' . 7fi4
.769
Paper and pulp
do
.725
.836
.845
.859
.816
.859
.870
.887
.894
.875
.882
.904
Robber products J
do
.861
r
1.037
1.048
1.043
1.085
1. 078
1.046
1.060
1.074
1.008
1.058
1.071
Rubber tires and inner tubesX
do
1.062
.589
. 596
.530
.534
.550
. 569
.581
.579
.592
.583
.599
Textiles and their products
do
.554
P
.522
.534
.574
.576
.520
. 566
.567
74
.551
.583
Fabrics
do
.571
.533
.620
. 633
.559
.582
.611
.604
!629
.550
. 002
.630
Wearing apparel
do
.609
. 596
.549
. 537
.544
.554
Tobacco manufactures
do
.509
.517
.523
.525
.527
.532
.530
.520
Factory average weekly earnings, by States:
140.9
116.2
114.5
131.5
118.7
112.1
113.6
121.7
128.3
Delaware
1923-25=100-.
131.6
137. 2
114.7
134. 6
147.9
137.3
125.1
128.9
125. 4
129.2
132.3
Illinoisf
1935-39=100..
130.3
135.5
127.7
141. 8
144.0
140.3
138. 9
130.3
114.7
117.3
118.3
121.9
120.5
119.4
125.2
Massachusetts!
1925-27=100..
118.0
131.9 ' 134. 4 ' 134. 9
182.1
169.3
149.5
151.0
157.1
157.4
146.6
156. 8
163.9
151.9
New Jersey
1923-25=100..
175. 4
' 177.7
170.3
152.4
142.4
128.6
130.0
133.3
132.3
137.5
126.0
136. 5
148. 8
New Yorkf
1935-39=100150.1
133.6
146.4
153.3
144. 6
135.8
132.1
134.4
139.4
132.7
138. 6
143.0
Pennsylvania
1923-25=100.148. 9
150. 2
' 151. 3
136.3
150.8
140.3
127.2
126. 3
130.2
145.0
136.7
134.8
Wisconsinf
1925-27=100..
131.1
131.4
136. 6
147. 7
147. 7
'Revised.
{Data for rubber products and for rubber tires and inner tubes revised beginning October 1941 and for shipbuilding beginning December 1941 on the basis of more complete
reports.
tRevised series. Indexes for Illinois revised to a 1935-39 base; for factor for converting average weekly earnings index on a 1925-27 base beginning 1935, see p. 29 of the
January 1941 Survey. Index for Massachusetts revised beginning 1935; earlier data will be published in a later issue. Revised indexes for Wisconsin beginning 1925 will be
shown in an early issue. Earlier data for the New York State index will appear in a subsequent issue.
*New series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.
S-13
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
June
May
July
August
1942
September
October
Novem- Decem- January
ber
ber
February
April
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Miscellaneous wage data:
Construction wage rates (E. N. R.):1
|
Common labor..
dol. per hour..
Skilled labor
do
Farm wages without board (quarterly)
dol. per month.
Railway wages (avg., class I)..dol. per hour..
Road-building wages, common labor:
United States, average
do
East North Central
do
East South Central
do
Middle Atlantic
do____
Mountain
do
New England
do
Pacific
do
South Atlantic
..do
West North Central
do
West South Central
do
0.788
1.54
.53
.67
.41
.60
.68
.65
.90
.43
.55
.42
0.741
1.49
.48
.62
.34
.56
.57
.53
.73
.36
.49
.40
0. 747
1.49
0.753
1.50
0.753
1.50
0.761
1.52
0.761
1.52
0.768
1.52
0.769
1.52
0.776
1.53
0.780
1.54
0.780
1.54
0. 788
1.54
.733
44.95
.727
.727
.733
45.47
.727
.745
.836
47.77
.841
.860
.840
50.90
.834
.50
.67
.36
.57
.59
.55
.76
.36
.50
.40
.49
.65
.37
.57
.62
.55
.79
.36
.50
.42
.49
.65
.37
.59
.63
.54
.80
.36
.52
.41
.49
.66
.38
.57
.60
.55
.79
.37
.53
.41
.49
.67
.37
.59
.61
.59
.81
.35
.50
.41
.45
.65
.36
.63
.63
.57
.85
.35
.55
.40
.43
.69
.37
.59
.62
.52
.82
.36
.51
;43
.47
.68
.37
.57
.62
.52
.82
.37
.52
.42
.49
.65
.37
.64
.63
'.62
.89
.40
.52
.44
.49
.64
.36
.56
.60
.52
.73
.35
.51
.50
.66
.35
.55
.60
.55
.73
.36
.51
.39
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programst
mil. of doL.
Assistance to recipients:§
Special types of public assistance
do
Old-age assistance*
do
General relief
do
Subsistence payments certified by the Farm
Security Administration
mil. of doL..
Earnings of persons employed under Federal
work programs:
Civilian Conservation Corps ...mil. of dol..
National Youth Administration:
Student work program
do
Out-of-school work program..
do
Work Projects Administration
do
Other Federal agency projects financed
from emergency fundsf
mil. of dol_.
Earnings on regular Federal construction
projects*
mil. of dol..
199
167
159
161
160
170
162
157
159
150
59
44
23
60
45
20
61
46
19
62
47
19
62
47
18
'63
'48
19
63
48
20
64
49
19
64
48
19
64
48
17
1
1
1
2
1
10
10
8
8
7
6
5
2
7
62
2
7
60
2
7
69
2
6
62
2
5
58
2
5
62
2
5
56
194
237
13
3
8
81
12
C)
67
8
61
1
1
1
1
1
106
110
119
130
137
C)
157
C)
167
(°)
167
(•)
166
(a)
'186
(a)
FINANCE
BANKING
Acceptances and com'l paper outstanding:
194
215
194
197
Bankers' acceptances, total
mil. of dol._
174
213
197
177
185
210
190
183
177
144
Held by accepting banks, total..
do
164
144
161
131
138
161
146
154
133
148
139
146
90
106
Own bills
do
92
103
92
86
82
105
93
101
100
85
89
59
46
47
55
54
52
Bills bought
do
51
60
51
47
53
53
57
47
49
Held by others*
do
49
43
46
38
41
51
50
52
50
46
37
299
378
330
375
Commercial paper outstanding
do. _.
295
387
354
371
381
373
354
388
384
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.:
Total, excl. joint-stock land bks.f.mil. of dol..
2,891
2,873
2,988
2,906
2,988
2,954
2,924
2,986
2,869
2,975
2,878
2,876
2,458
2,437
Farm mortgage loans, total..
..do
2,288
2,448
2,395
2,296
2,361
2,343
2,332
2,311
2,380
2,426
2,411
1,811
Federal land banks
do
1,786
1,715
1,824
1,818
1,721
1,764
1,753
1,746
1,731
1,776
1,804
1,795
634
Land Bank Commissioner
do
572
604
630
622
616
597
590
586
610
580
575
90
128
90
99
111
133
130
129
125
121
Loans to cooperatives, total
do
114
119
Banks for cooperatives, incl. central
74
109
74
111
99
80
94
101
bank
mil. of dol..
113
110
102
83
106
16
16
16
17
13
17
16
16
16
16
16
Agr. Mktg. Act revolving fund
do
17
16
468
440
398
397
450
453
400
440
Short term credit, totalf
do
431
410
p 470
450
417
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
226
225
257
217
225
225
219
220
227
235
247
229
258
cooperativescf
mil. of doL
44
39
39
40
41
44
45
40
42
45
43
38
43
Other financing institutions
do
224
241
215
221
221
194
187
188
191
203
219
245
208
Production credit associations
do
6
7
4
7
4
6
5
4
4
7
7
7
Regional agr. credit corporations ....do
121
129
117
118
122
127
v 130
131
130
130
128
125
118
Emergency crop loansf
do
48
48
49
48
50
47
47
50
50
49
49
47
47
Drought relief loans
do
36
41
29
33
32
32
30
28
44
43
39
38
35
Joint-stock land banks, in liquidation..do
46,463
51, 717
44, 261
37, 773
44,807
42, 461
44, 201 ' 39, 932
42,135
39,964
41,152
40,947 39,112
Bank debits, total (141 cities)
do
20, 598
17, 247
14,242
16,124
17,282
19,148
16,077
16,
023
16, 985
16,
288
17, 056
New York City
do
15, 079
15, 654
27,315 25, 075
24, 660 24,033
27, 014
23,531
26, 438
31,118
27, 751
Outside New York City
do
27, 216 r 23, 808
24, 853
24,310
Federal Reserve banks, condition, end of mo.:
23,704
24,211
24,192
24,353
24, 322
24,026
24, 288
24,187
24,359
23, 859
23,828 23,833
Assets, total
mil. of doL- 24, 468
2,309
Res. bank credit outstanding, total...do
2,312
2,361
2,369
2,412
2, 355
2,634
2,280
2,275
2,267
2,293
2, 264
2,468
6
5
Bills discounted
do
6
3
4
5
9
11
11
4
2
7
2,184
2,184
2,184
2,184
2,254
2,243
2, 262
2,244
2,489
2,184
2,184
2,184
2,357
United States securities
do
20, 841 20,822
20, 603 20,571
20. 824
Reserves, total
do
20,764
20, 902
20, 846
20. 821
20, 799
20,615
20, 583
20,712
20, 504
20, 533
20, 572 20, 569
20, 317 20, 314
20, 461
20,515
20, 495
20, 510
Gold certificates
do
20. 521
20, 325
20.322
24,211
23,828 23,833
24, 359
24,192
24, 353
24, 288
24. 322
24,187
24,468
23,859
24, 026
23,704
Liabilities, total
do
15,213
14,678
14,715
16,132
15,466
15, 781 15,521
15,489
14,441
14,204
14, 094
15,863
14, 268
Deposits, total
do
13,151
12, 658
12, 580 13,140
12,450
12,927
12,619
12, 575
12,405
13,724
12, 794
13, 227
13,051
Member bank reserve balances
do
5,215
2,791
2,480
5,801
5,1G9
4, 557
4,796
5, 210
Excess reserves (estimated)
do
3,828
3,085
3,347
2. 969
3,073
6,857
8,821
7,234
7,432
7,080
Federal Reserve notes in circulation_. do __
7, 669
8,192
8.303
8, 559
8,635
9,071
6,503
6,724
91.0
-90.4
Reserve ratio
percent..
91.0
90.8
90.8
90.6
89.8
91.1
91.0
91.2
91.0
91.1
90.9
r
a
Revised.
Less than $500,000.
•None held by Federal Reserve banks.
1 Construction wage rates as of May 1. 1942: common labor, $0,796; skilled labor, $1.53.
§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 begmring September 1940; this item is included in all earlier data on general relief and in figures for July 1937-August 1940 on special types of assistance.
cf'To avoid duplication these loans are excluded from the totals.
fRevised series. Total public assistance and "other Federal agency projects financed from emergency funds" revised to exclude earnings on regular Federal construction
projects and also on projects financed from Reconstruction Finance Corporation funds; revised data beginning January 1933 will appear in a subsequent issue. For revisions
in data on emergency crop loans published in the Survey prior to the September 1940 issue, see note marked " t " on p. 76 of the February 1941 Survey.
*New series. For data beginning 1933 for old-age assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Federal construction projects
beginning January 1933 will appear in a later issue.
S-14
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
May
Julv 1942
1941
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
FINANCE—Continued
BANKING—Continued
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
.mil. of dol..
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol..
States and political subdivisions
do
United States Government
do—
Time, except interbank, total
_do
Individuals, partnerships, and corporations
mil. of dol_.
States and political subdivisions...do
Interbank, domestic
.do—
Investments, total
do
U. S. Govt. direct obligations, total..do....
Bills tdo—
Bonds—
do
Notes
do-...
Obligations guaranteed by U. S. Government
mil. of doL.
Other securities
do
Loans, total
do—
Commerc'l, indust'l, and agricult'l_..do
Open market paper
do—
To brokers and dealers in securities ..do
Other loans for purchasing or carrying
securities
mil. of doL.
Real estate loans
do
Loans to banks
do—
Other loans
do
Installment loans to consumers:*
By credit unions:
Loans made
do—
Repayments
do
Amount outstanding, end of month, .do
By industrial banking companies:
Loans made
...do—
Repayments
do—
Amount outstanding, end of month..do—
By personal finance companies:
Loans made
do—
Repayments
do....
Amount outstanding, end of month..do
Money and interest rates:§
Bank rates to customers:
New York City
percent..
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N. Y. F. R. Bank)
do....
Federal land bank loans
do
Federal intermediate credit bank loans.do—
Open market rates, N. Y. C :
Prevailing rate:
Acceptances, prime, bankers, 90 days
percent..
Com'l paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)..do
Average rate:
Call loans, renewal (N. Y. S. E.)._.do..-.
U. S. Treasury bills, 3-mo.*
do....
Average yield, U. S. Treasury notes, 3-5 yrs.:
Tax-exempt
percent..
Taxable*
do
Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. of doL
U. S. Postal Savings:
Balance to credit of depositors
do....
Balance on deposit in banks
do—
25, 483
24,311
23,949
24, 544
24,349
24,277
24, 258
24,324
23,650
24, 747
24,712
24,197
25, 358
24,922
1,971
1,301
5,109
23,612
1,870
390
5,449
23,667
1,604
463
5,443
24,029
1,750
470
5,444
23, 719
1,876
591
5,445
23,894
1,906
580
5,448
23.662
1,889
653
5,459
23,814
1,780
826
5,410
23,993
1,721
1,475
5,368
24,206
1,820
1,451
5,259
24,595
1,804
1,671
5,205
23, 673
1,916
1,869
5,137
24.636
2.096
1, 506
5,128
4,914
175
9,175
20, 774
14, 559
1,953
10,309
2,297
5,240
183
9,220
17,689
10,974
929
7,833
2,212
5,243
174
9,272
17, 872
11,255
1,080
7,929
2,246
5,260
158
9,078
18,199
11, 279
1,074
7,952
2,253
5,268
156
9,355
18,335
11,251
1,019
7,949
2,283
5,267
160
9,669
18,101
10, 982
785
7,917
2,280
5,285
153
9,357
18,379
11,318
797
8,277
2,244
5,232
155
9,405
18,432
11,860
990
8,342
2,528
5,172
173
9,040
18, 715
12,085
883
8,667
2,535
5,058
181
9,088
19, 087
12, 689
1,240
9,087
2,362
5,005
180
9,033
19,551
13,132
1,206
9,589
2,337
4,953
164
8,885
19,100
12, 705
680
9, 671
2,354
4,929
189
8,687
20,111
13, 730
1,669
9,705
2,356
2, 667
3.548
10,905
6,542
382
528
3,022
3,693
10,226
5,673
367
571
3,038
3,579
10,453
5,897
371
529
3,309
3,611
10, 572
6,047
388
478
3,316
3,768
10,903
6,222
397
607
3,319
3,800
11,024
6,447
397
494
3,330
3,731
11,203
6,554
419
531
2.922
3.650
11, 259
6,593
428
548
2,964
3.666
11,370
6,722
423
535
2,709
3,689
11,255
6,778
424
448
2,723
3,696
11,392
6,902
422
471
2,684
3.711
11,394
7,003
424
408
2,675
3,706
11,094
' 6, 726
409
441
403
1,243
28
1,779
451
1,239
42
1,883
453
1,244
40
1,919
439
1,253
43
1,924
436
1,256
45
1,940
428
1,257
39
1,962
431
1,265
37
1,966
427
1,256
38
1,969
422
1,259
35
1,974
409
1,248
37
1,911
410
1,250
37
1,900
395
407 j
1,246
1, 245
30
29
'1.847
1, 878
18.0
24.5
177.8
35.3
28.3
210.2
32.7
26.8
216.1
30.8
27.1
219.8
29.6
27.0
222.4
24.0
25.9
220.5
25.2
28.0
217.7
23.0
26.2
214.5
25.0
28.1
211.4
17.9
29.9
199.4
18.6
25.6
192.4
25.4
27.5
190.3
19.3
25.3
184.3
33.8
42.7
268.2
52.5
47.5
301.5
51.8
47.0
306.3
49.5
46.7
309.1
46.1
46.1
309.1
38.4
42.4
305.1
43.0
45.1
303.0
40.8
44.1
300.3
44.9
47.6
297.6
38.3
46.0
289.9
34.8
39.7
285.0
42.3
45.4
281.9
36.9
41.7
277.1
57.5
70.4
503.7
85.3
80.0
519.3
87.0
79.3
527.0
85.0
80.9
531.1
86.2
81.3
536.0
'68.0
'74.0
530.0
76.3
'79.8
' 526.5
'81.4
'81.2
' 526. 7
' 103.1
'94.4
' 525. 4
'65.9
'74.7
' 526. 6
' 64.1
'70.0
'520.7
'84.9
' 84. 4
' 521.2
'71.4
'76.0
' 516.6
1.00
4.00
1.50
1.00
4.00
1.50
1.98
2.62
3.29
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.88
2.45
2.99
1.00
4.00
1.50
Mfl
Me
K
IK
Me
Me
H
IK
IK
K
IK
1.00
4.00
1.50
1.00
4.00
1.50
1.95
2.58
3.23
1.00
4.00
1.50
Me
Me
IK
1.00
.364
M«
tt-H
IK
1.00
4.00
1.50
Me
H-H
IK
1.00
.082
1.00
.089
1.00
.097
1.00
.108
1.00
.055
1.00
.049
1.00
.242
1.00
1.00
.214
.44
.72
.38
.68
.37
.67
.33
.62
.34
.62
.41
.72
.57
.90
.64
1.02
.47
.96
T
1.00
4.00
1.50
Me
H
m
1.00
.250
1.85 |
2.48
3.20
1.00
4.00
1.50
1.00
4.00
1.50
Mo
Me
H
1.00 i
1.00
.299
m
.212 !
i .44
.93
"""."98
5,374
5,604
5,628
5,575
5,555
5,555
5,554
5,541
5,555
5,433
5,401
1,308
24
1,310
30
1,304
30
1,307
29
1,309
28
1,311
28
1,317
27
1,324
27
1,314
26
1,310
25
1,307
'25
1,305
'25
1, 306
24
955
42
63
134
7
5
17
3
4
20
5
20
3
29
1,119
40
63
181
6
4
36
3
10
22
5
14
6
52
3
20
735
100
10,065
647
913
970
36
51
166
4
8
25
5
6
22
7
19
4
48
3
15
619
98
1,449
401
684
908
40
59
165
9
4
36
6
5
18
6
19
1
34
2
25
570
74
13, 422
500
1,072
954
46
76
166
3
5
46
8
12
10
7
18
3
31
2
21
585
81
11,134
672
1,732
735
46
39
123
5
7
42
7
3
11
7
4
3
17
2
15
460
67
9, 393
447
594
809
29
57
138
842
38
51
167
4
15
39
1
5
19
7
15
3
33
2
24
529
57
1,197
448
618
62
63
146
4
11
25
4
6
12
5
14
3
42
1
19
540
87
13. 469
863
1,161
962
53
65
159
4
6
39
5
5
11
3
13
1
44
3
25
604
81
), 916
589
851
916
59
57
141
5
8
31
5
5
13
8
15
2
24
2
23
589
70
9,631
927
920
1.048
48 I
938
38
65
146
4
8
36
4
5
15
' 2
18
3
29
3
'19
624
65
9,282
335
1,033
5,373
COMMERCIAL FAILURESf
Grand total
number.
Commercial service, total. _
do...
Construction, total
do...
Manufacturing and mining, total
do...
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products
do
Food and kindred products.
...do
Iron and steel products
...do
Leather and leather products
do
Lumber and products
__do.
Machinery
do Paper, printing, and publishing
do
Stone, clay, and glass products
do
Textile-mill products and apparel
do
Transportation equipment
do Miscellaneous
do.
Retail trade, total
do.
Wholesale trade, total.._
do
Liabilities, grand total
thous. of dol..
Commercial service, total. _
do
Construction, total
do.
25
647
69
>,839
471
., 175
4
5
18
8
13
3
23
2
12
516
69
7,333
358
577
188
6I
4
43
8
25
10
24
4
36
3
18
650
35
12,011
1,194
896
' Revised.
§For bond yields see p . S-18.
i N o tax-exempt notes o u t s t a n d i n g w i t h i n m a t u r i t y range after M a r c h 15, 1942. Average shown for M a r c h 1942 covers only first half of m o n t h .
X Certificate of indebtedness included in bills beginning April 1942.
t Revised series. For d a t a beginning J a n u a r y 1940 and an explanation of the revision, see p . 32 of the M a r c h 1941 Survey. For previous revision of 1939 data, see p . 31 of tbe
March 1940 Survey.
*New series. For d a t a beginning 1929 for industrial banking companies, personal finance companies and credit unions, respectively, see table 35, p . 18 of the September
1940 Survey, table 25, p . 26 of the September 1941 Survey, and table 27, p . 26 of the October 1941 issue. T h e series on 3-months' bills of the U. S. Treasury represents the rate
on new issues offered within the m o n t h , tax-exempt bills prior to March 1941, taxable thereafter; earlier data will be published in a subsequent issue. Earlier d a t a for the series
on taxable T r e a s u r y notes appear on p . S-14 of the April 1942 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
S-15
SURVEY OF CURRENT BUSINESS
July 1942
1942
May
1941
June
May
July
SepAugust tember
October
Novem- December
ber
January
1942
Febru- March
ary
May
FINANCE—Continued
COMMERCIAL FAILURES!— Continued
Liabilities— C ontinued.
Manufacturing and mining, total.-thous.of dol.
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products
do
Food and kindred products
do
Iron and steel and products
do
Leather and leather products
-do
Lumber and products
do
Machinery.-.
do
Paper, printing, and publishing
do
Stone, clay, and glass products
do
Textile-mill products'and apparel
do
Transportation equipment
do
Miscellaneous
_
do
Retail trade, total
.do...
Wholesale trade, total
do
2,924
234
49
95
69
246
63
562
39
623
48
274
4,392
877
2,777
104
19
807
93
110
215
119
168
95
712
175
160
4,765
963
3,155
157
82
451
201
113
251
16
1,030
328
250
3,591
1,618
429
55
731
126
72
597
346
584
272
562
36
2,888
3,579
1,573
3,799
56
61
1, 503
280
314
165
95
712
55
357
45
156
3,492
1,439
4,189
99
185
2,262
66
37
342
477
103
17
167
7
427
3,239
924
2,879
146
73
1,027
128
117
333
229
142
28
238
269
149
2,790
729
3,827
328
226
763
84
63
366
203
562
83
528
56
565
3,472
832
5,661
577
254
547
553
159
238
780
206
81
877
2
1,377
4,323
1,471
3,550
184
200
1,378
173
99
176
51
70
4
615
100
500
3,641
1,285
2,525
182
73
470
116
119
456
66
214
33
319
22
455
4,232
1,027
3,739
299
22
1,102
166
204
380
191
493
124
427
25
286
4,813
1, 369
2.953
48
156
936
64
53
263
' 58
429
98
316
204
r
328
3,829
1,132
LIFE INSURANCE
Association of Life Insurance Presidents:
Assets, admitted, total}:
mil. of dol. 27, 341 25,752 25,888 26,002 26,106 26,245 26, 376 26,508 26, 662 26,817 26,928 27, 080 27, 209
5,012
4,778
4,796
4,820
4,851
4,924
4,959
5,023
5,047
5,105
4,882
Mortgage loans, total
-do...
5,134
5,071
675
681
669
673
674
721
677
675
671
672
678
Farm_
do
684
673
4,424
4,337
4,109
4,123
4,146
4,130
4,247
4,284
4,352
4,375
4,204
4,450
Other. _
do..4,398
1,436
1,488
1,607
1,605
1,593
1,585
1,558
1,541
1,483
1,474
1,575
1,423
Real-estate holdings
do
1, 452
2,202
2,255
2,335
2,325
2,312
2,302
2,281
2,271
2,241
2,228
2,293
Policy loans and premium notes
do
2,188
2,216
Bonds and stocks held (book value), total
mil. of dol.. 17, 391 15,243 15,418 15,582 15,718 15,814 16,265 16,368 16,641 16, 528 ' 16, 706 16, 754 16, 944
6,914
7,743
7,816
6,987
7,092
7,439
6,788
7,047
7,391
7,613
Gov't. (domestic and foreign), total-do—
8,014
8,453
7,830
5,082
5,157
5,233
5,908
4,962
5,191
5,546
5,603
5,779
5,981
U. S. Government
-do
6,156
6,595
5,883
3,972
4,043
4,108
4,255
3,965
4,068
4,224
4,238
4,309
4,304
4,369
Public utility
-do....
4,378
4, 351
2,711
2,737
2,747
2,682
2,720
2,748
2,763
2,755
2,680
2,687
2, 659
Railroad
_
..do
2,650
2,671
1,821
1,815
1,867
1,961
1,770
1,855
1,887
1,936
1,906
1,919
1,902
Other
...do...
1,910
1, 902
1,202
1,171
1,139
1,201
1,120
884
815
828
681
955
921
Cash
_-.
do
597
986
542
524
542
588
530
541
589
533
•"601
585
Other admitted assets
.do
608
587
601
Insurance written:®
Policies and certificates, total number
1,193
809
73fi
729
820
770
677
729
759
thousands.
738
721
724
705
246
32
42
42
33
32
34
49
38
Group
do
62
48
68
55
598
499
404
418
459
438
470
Industrial
.do
516
450
431
461
454
456
349
279
334
227
246
243
251
259
Ordinary
_
do
196
237
245
200
213
Value, total
thous. of dol.. 580,124 657,027 648,144 660,125 645,046 699,549 730,327 681,479 1,141,316 955, 353 650,649 652, 459 625,084
49,076
50,231
62,977 82,909
89,360 298,817
Group
-do
46,765
71,689 130,229 74,794
87, 773
97, 826 124, 823
Industrial
-do
141, 378 151,391 135, 633 128, 783 131,329 128,493 148,388 141,349 186,190 119,820 126,492 140, 735 139, 022
786,
457
473,926 413. 898 361,239
Ordinary
do
350,973 458,871 449, 534 448,433 442,028 440,827 507,145 450, 770 656,309
270, 516 265,108 272,173 271, 482 245,173 251,887 261,865 247,966 414,137 295,827 272, 778 291,538 276, 007
Premium collections, total®
do
25, 378 24,130 23,113
25.389
29,859
25, 363
33,693 20,732 21,478 22,840 23, 670 90,148 38,921
Annuities
-do
17,842 15, 040 18, 789 14, 968
14,142
12, 520 13, 782 13,149
14,637
11,949 24,757
14,496
Group
do
13,828
61, 281 57, 578 64, 257 (•6, 272
61,120
59,133
56,964
52,341
56, 423 60,842 55, 685 53,168 84,397
Industrial
do
Ordinary
.do
171,524 168,613 168,674 171,666 154,869 155,739 168,703 159,179 214,835 177,783 174,782 184, 362 171, 654
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
do
457, 926 604,162 594,164 582,292 581,171 581,998 658,339 581,692 879,492 1.001,653 634, 538 552, 044 462. 761
66,292
46,258
47,099 47,531
83, 056 51,310 42, 030 37,131
49,078
44,850 45, 204 51,195
New England
_
do
36, 248
Middle Atlantic
.do.... 114,230 161,514 154,975 153,032 147,610 148,781 181,013 158,819 251,633 309, 292 175, 355 138, 708 118, 591
106, 445 140,480 134,008 132, 766 131,895 131,367 152,179 135, 360 196,569 220, 739 141,939 126, 330 106,487
East North Central
do
West North Central
do.... 48,833 57,076 55,069 56,182 55, 746 55,457 59,526 52, 792 79,864 87, 332 60,218 53,182 44, 931
90, 218 91, 272 60, 754 52,173 45, 968
57,874
63,413
66.130
61,160
57,946 61, 535 61,115
44, 679
South Atlantic
do
East South Central
do.... 17, 758 24, 524 26,792 23, 347 24,233 26,556 24,845 23,383 34,154 38, 273 24, 742 24, 960 18, 950
West South Central
do.... 31, 825 41,650 45,385 43,173 44,993 43,619 45, 507 40, 553 64, 976 67, 602 44, 577 46, 534 32, 604
15,345
20,480
15, 355 15,110
16, 507 13,910
21,694
15, 692
15,624
15,337
14. 533 11,998
12,188
Mountain
.do
Pacific
do.... 45, 720 52, 988 52,068 53,205 54, 685 54,562 61,437 52, 743 75,306 82, 393 60, 298 53, 594 4Q, 101
87
Lapse rates
1925-26=100..
MONETARY STATISTICS
Foreign exchange rates:
.298
.298
.298
.298
.298
.298
Argentina^..
dol. per paper peso..
.298
.2P8
.298
.298
.298
.298
.061
.061
.061
.061
.061
. 061
.061
Brazil, official
dol. per milreis..
.061
.061
.061
.061
.061
.061
.301
.302
.302
.301
.301
.301
.301
.301
.301
.301
.301
.301
British India
dol. per rupee..
.301
.874
.888
.882
.886
.878
.884
.886
.874
.883
.890
.891
.877
Canada
_dol. per Canadian dol__
.872
.570
.570
.570
.570
.570
.570
.570
. 570
.570
.570
570
. 570
Colombia
dol. per peso..
.570
.206
.206
.205
.205
.206
.206
.206
.505
.205
.205
.205
.206
Mexico
__do
.206
4.035
4.033
4.032
4.034
4.035
4.035
4.032
4.032
4.033
4.031
4. 035
United Kingdom...
dol. per £__ 4. 035
4.035
Gold:
Monetary stock, U. S
mil. of dol.. 22, 714 22, 575 22,624 22, 675 22, 719 22, 761 22,800 22, 785 22,737 22, 747 22, 705 22, 687 22, 691
Movement, foreign:
3,980 -27, 728 -31,202 -46, 786 -32,231 60,913 -99, 705 -38, 506 -109,277 -65, 525 - 2 0 , 068
Net release from earmark* __thous. of dol... - 3 8 , 1 9 6 - 3 , 8 4 6
3
Exports.
_
do
7
5
13
6
5
()
Imports.
..do
30,719
37,055
65,707 40, 444
34,825
36,979
Production, estimated world total, outside
105,140 105,875 109,970 108,535 109, 935 r111,265 r107 940 r 105,035 105,17" v 92, 330
U. S. S. R
thous. of dol..
88, 750 SQ, 581 93, 597 92, 443 93,863 r 94, 890 r 91, 5S6 v 88, 823 v 89,264 p 77, 551 p 83,544 " 8 1 , 8 8 9
Reported monthly, total!.do
47, 871 46,339
48,212 47, 587 47,212
47, 970 46, 637 r 47, 328 v 47, 534 v 44, 463 P 47,430 p 46, 303
Africa
do
U, 746
13,147
15,721
14,198
Canada
do
15,860
16,141
15,499
15, 372 14, 728
15,983
16,353
15,578
15,948
18, 781 19, 740 16, 700 14, 982 10, 034 10, 959 11,058
United States..
do
16,395
18,463
17,413
20,807
Receipts at mint, domestic (unrefined)
fine ounces._ 138, 846 254,137 255,262 358,603 322,506 385, 350 338,233 324,135 237,660 235, 571 134,028 141.110 141, 288
9,612
10,364
11,160
11,485
Currency in circulation, total
mil. of dol.. 12, 074
10,640
11,175
9,357
9,732
9,995
11,566
10,163
11,767
Silver:
70
Exports
thous. of dol__
615
210
353
207
348
C)
Imports.
do
4,221
3,347
4,099
4, 686
3, 356
3, 561
(•)
. 351
.351
.351
Price at New York
dol. perfineoz__
.348
.348
.348
.351
.348
.348
.348
.351
.348
Production, world
thous. offineoz_.
20. 359 23, 214 22, 763 22,607
21, 368 20, 361 21,657
21,808
20, 474 18, 352 21,196
2, 058
Carada§
do
1,902
1,852
1,660
1,722
1, 538 r 1,478
1, 606
1,625
1,640
1,613
1,681
8,062
7, 213
Mexico
do
3,769
6,944
5,973
5,548
7,471
7,211
6,726
6,878
4,429
5,047
4,470
United States
do
5,087
4,844
6,465
5, 620
5,661
5, 285
4,948
6,310
6,277
5," 606
4,631
Stocks, refinery, end of month:
1,947
United States
_
do
2,181
1,036
4,382
3,224
3,152
2,324
2,739
3,270
2,235
2,803
1,231
2, 930
r
Revised.
» Preliminary.
<» Publication of data discontinued.
J36 companies having 82 percent of total assets of all United States legal reserve companies.
® 39 companies having 81 percent of total life insurance outstanding in all United States legal reserve companies. *Or increase in earmarked gold (—).
1 See note marked " 1 " on p. S-15 of the February 1942 Survey in regard to changes that have affected the comparability of the data; a subsequent revision of the data for
Africa and the total reported monthly beginning April 1941 includes estimates for Sierra Leone and Nigeria and are as reported by the Bureau of Metal Statistics.
5 Data reported by the Canadian Government; see note marked "§" on p. 33 of the June 1941 Survey.
S-16
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
1942
May
July 1942
May
June
July
August
1943
September
October
Novem- December
ber
January
February
March
April
FINANCE—Continued
PROFITS AND DIVIDENDS
Industrial corporations (Board of Governors of
the Federal Reserve System): *
Net profits, total (629 cos.)
mil. of doL.
Iron and steel (47 cos.)
do
Machinery (69 cos.)
do
Automobiles (15 cos.)
do
Other transportation equipment (68 cos.)
mil. of dol._
Nonferrous metals and products (77 cos.)
mil. of doL_
Other durable goods (75 cos.)
do
Foods, beverages, and tobacco (49 cos.), do
Oil producing and refining (45 cos.)._do
Industrial chemicals (30 cos.)
do
Other nondurable goods (80 cos.)
do
Miscellaneous services (74 cos.)
do
Profits and dividends (152 cos.):
Net profits
do
Dividends:
Preferred
do
Common
do
Public utilities, except steam railways and telephone companies, net income (52 cos.) (Federal Reserve Bank of New York).mil. of doL.
Railways, Class I, net income (Interstate Commerce Commission)
mil. of doL.
Telephones, net operating income (91 cos.)
(Federal Communications C o m m i s sion)
mil. of doL Corporate earnings (Standard and Poor's):
Combined index, unadjusted*
1926=100-Industrials(119cos.)
do
Railroads (class I)*
do
Utilities (13 cos.)
..do.—
PUBLIC FINANCE (FEDERAL)
War program In the United States, cumulative
totals from June 1940: *
Programt mil. of dol._ 168,786
Commitments
do
Cash expenditures §
do
' 29. 736
Debt, gross, end of month_
do
68, 571
Public issues:
Interest bearing
do
60, 591
Noninterest bearing,
do
462
Special issues to government agencies and
trust funds
mil. of dol. _
7, 518
Obligations fully guaranteed by U. S. Gov't:
Total amount outstanding eft
mil. of doL.
5, 667
By agencies:cf
Federal Farm Mortgage Corp
do
930
Home Owners' Loan Corporation f_do
2, 409
Reconstruction Finance Corp
do
1, 492
Expenditures, total f-.
thous. of dol.. 3,954,968
National defense*
do
3,552,676
Agricultural adjustment program*
do
62, 257
Unemployment relief*
do
82, 081
Transfers to trust account!
do
Interest on debt*.-..
do
19, 203
Debt retirements
do
1,500
236, 246
All other*
do
764,037
Receipts, total
do
562, 666
Receipts net*
»_,do
29, 608
Customs
.do
708, 059
Internal revenue, total
__.do
216,135
Income taxesf
do
222, 134
Social security taxes
do
Government corporations and credit agencies:
Assets, except interagency, total.-mil. of doL_
Loans and preferred stock, total
do
Loans to financial institutions (incl. preferred stock)
mil. of doL.
Loans to railroads
do
Home and housing mortgage loans, .do
Farm mortgage and other agricultural
loans_
mil. of doL.
All other
do
U. S. obligations, direct and fully guaranteed
mil. of doL_
Business property
do
Property held for sale
do
All other assets
do
Liabilities, other than interagency, total
mil. of dol..
Bonds, notes, and debentures:
Guaranteed by the U. S
.do
Other
do
Other liabilities, including reserves_._do
Privately owned interests
do
Proprietary interests of the U. S. Government
mil. of dol._
r
549
84
48
73
?423
^65
550
72
55
61
560
81
46
60
56
62
36
28
43
42
53
48
36
40
32
37
46
52
46
48
P35
P20
^38
p 28
297
284
277
P206
23
165
23
170
24
221
v 21
> 134
53.6
39.8
103. 2
188.4
61.8
58.6
108.3
111.8
59.9
139.6
138.4
72.3
64.1
v 116. 2
v 124. 8
'84.4
p 127. 6
' 107. 4
' 106. 2
112. 6
' 109.0
P85.4 I
p 79.0 i
P 58. 2 I
' 143. 2
40,838
27, 889
7.763
47, 737
40,861
31,587
8,757
48,979
52, 508
35, 548
9,870
49,540
60,918
39, 650
11,160
50,936
61,663
44,284
12,676
51,371
68,207
49, 619
14,431
53,608
68,373
51, 441
16,050
55,066
80,604
56,625
18,220
58, 020
97, 768 119.359 449,732 i*>168,769
85, 039 p 85, 971 '102, 366 412,265
20, 517 v 22, 970 *>26,165 ^29, 736
60,099 r 62,434
62, 419
64, 961
41,342
561
42, 285
574
42, 669
548
43,916
44,157
556
46.401
544
47,755
504
50, 551
487
52,555
481
5,834
6,120
6, 324
6,658
6,664
6,806
6,359
6,360
6,930
6,929
6,930
6,316
'54,759
54, 606
57.139
480 !
465
550
6,470
6,928
1,269
1,269
1,269
1,269
2,409
2,409
2,409
2,409
2,101
2,101
1,741
2,101 1,882,011
1,545,602 1,600,253
832, 233 966.183 1,563,712 1,327,393
1,129,286
32, 458
44,232
22,025
26,764 108, 493
130, 897 132,075
105,
707
168,
554
6,200
9,565
14,311 169, 359
24, 828
339, 431
8,
556
7,951
2,654
17.128
34, 223 230.161
194. 322 261, 726
244,864
i
1,136,079
455,
55fi
1,277,092
1,276,009 412, 942 553, 833 1,131,914
36,114
3fi,743 396, 510
38, 217
34, 511
1,211,087 399,783 500,132 1,076,506
779,
917
83,
668
916,170
58, 674
47,926
37,197
31,817
172,696
13. 989
13, 277
13.108
13,797 I 13,810
8,864
8,804
8. 756
8,826
8,800
1,269
2,409
1,741
,142,207
857, 091
27,295
141, 554
11,580
11, 503
1,335
91, 850
541,159
393, 683
41, 060
482, 858
63, 271
165. 204
6,317
5, 673
7,190
7,333 !
7,358
5,673
5, 666
5, 666
j
937
1,269
937 I
1, 269
930
930
1,269
2,409
2,409
2, 409
2,409
2,409
2,409
2,409
1,492
1,492
1,802
1, 492
1,492
1,802
2,101
2,089,336 1,860,445 2,557,103 2,630,968 2,629,839 3,436,301 3,755,299
1,533,678 1,445,603 1,846,555 2,100,754 2,201,081 2.796,958 3,230,780
65, 699
96,930 '81,384
71,820 112,840 106, 251
57,865
91,019
93, 564 92. 262 95, 887
95,347 114,805
109,414
48, 260
41,540
9, 360 22,113
8,750
9,750
45,010
76, 598
31,737
12,136 204, 886
74,604
15,490 232, 446
2,289
3,270
1,070 I 15.392
15, 553
6,710
2,740
240,
653
262. 055 219, 696 226,154 253, 851 217.000 I 219,681
488,758 730,198 1,214,417 614, 084 937, 281 13,547,800 732, 237
695,
433
445, 293 563.949 1,212,303 577, 647 757, 976 [3,547,169
32, 386
35, 187
32,926
27. 284 ! 32,559
29, 967
34,040
431,294 682, 682 1,159,387 555, 031 879,417 13,493,082 ! 683,522
66, 229 767,098 133,469 282, 506 3,082,627 j 335,370
68, 308
52, 576 256, 955
48,576 II 43,232
41,376
48, 910 180, 561
14,368
9,033
14, 470
9,001
14, 660
9,167
14,908
9,063
15,224
9,059
15,750 J
9,065
16.656
9,218
1,099
505
2,438
1,115
505
2,445
1,101
497
2,413
1,076
497
2,413
1,075
497
2,427
1,074
484
2,413
1,072
483
2,401
1,114
498
2,424
1,079
497
2,430
1,060
498
2, 380
1.046
500
2, 392
1,030
502
2,372
3,288
1,472
3,227
1,511
3,191
1,553
3,152
1,690
3,128
1,738
3,105
1,957
3,112
1,933
3,134
1,996
3,123
1,934
3,117
2,004
3, 100
2,026
3,272
2,041
905
623
1,392
1,389
925
636
1,497
1,415
947
653
1,567
1,930
967
664
1,625
1,800
968
671
1,710
1,862
1,015
689
1,805
1,911
1,021
698
1,879
1,980
999
714
1,891
1,889
1,027
751
1,964
2,104
1,058
782
2,017
2, 308
1,060
792 i
2,262 !
2,571 |
966
815
2,717
2,830
9,297
9,417
10,142
10,123
10, 231
10, 306
9,690
9, 765
9,219
9,418 :
9,620
9,776
6,371
1,434
1,492
423
6,370
1,443
1,604
424
6,939
1,442
1,761
425
6,937
1, 445
1.741
426
6,937
1,434
1,859
427
1,416
1,952
428
6,324
1,393
1,974
430
6,324
1,392
2,049
431
5, 705
1,402
2, 111
432
5,697 !
1,396 !
2.325 I
434 ;
5,690 j 5,688
1,433 i 1,431
2,497
2,656
435 !
436
3,388
3,436 !
3,239 i
3,261 I 3,331
3,633
4,349
4,464
5, 256
5,372 !
5, 694 |
6,444
Revised.
» Preliminary.
• N u m b e r of companies varies slightly.
d"The total includes guaranteed debentures of certain agencies not shown separately.
{Figures beginning February 1942 do not include $5,573,000,000, Naval Supply Bill, fiscal year 1943, approved February 7,1942, b u t not legally available until J u l y l , 1942.
§Revised because of changes made b y the Treasury in national defense expenditures. Earlier data beginning July 1940 are available upon request.
fRevised series. Data for total obligations guaranteed by the United States and for the Home Owners' Loan Corporation have been revised beginning September 1939
to exclude matured debt; earlier data shown in the Survey similarly exclude matured debt.
For revised series under receipts and expenditures see note marked
_ on this page.
*New series. The new series on profits and dividends of industrial corporations of the Board of Governors of the Federal Reserve System have been substituted for the
Federal Reserve Bank of New York's series. For a description of the series and earlier data see table 10, p. 21 of the April 1942 Survey. For explanation of the new series on
the war program and earlier data see table 9, p. 21 of the April 1942 Survey. Net receipts represent total receipts less social security employment taxes which, beginning July 1940,
are appropriated directly to the Federal old-age and survivors insurance trust funds and do nor appear as transfers to this fund under expenditures, as formerly; earlier data on
net receipts and revised data on income taxes appear in table 50. p . 18 of the November 1940 Survey, while earlier data for expenditures and transfers to trust accounts, revised
to exclude transfers to the old-age and survivors insurance trust fund, and da f a for the new items under expenditures are shown in table 31, p . 23 of the November 1941 Survey,
FRASER
with the exception of subsequent revisions beginning July 1940 in national defense, unemployment relief and all other expenditures which will appear in a later issue.
Digitized for
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-17
SURVEY OF CURRENT BUSINESS
July 1942
1941
1942
June
May
May
SepAugust tember
July
October
Novem- December
ber
January
1943
Febru- March
ary
April
FIN AN CE—Continued
PUBLIC FINANCE (FEDERAL)—Con.
Reconstruction Finance Corporation, loans outstanding, end of month:^
Grand totalf
tbous. of dol.. 3,819,280 2,088,763 2,152,711 2,230,358
Section 5, as amended, total
do
733, 596 752, 300 751, 305 740, 224
Banks and trust companies, including
99, 304
92,938
96, 702
receivers
thous. of dol.
66, 420
Building and loan associations
do
5,817
4,594
4,356
3,918
Insurance companies
do
702
1,696
1,669
1,628
Mortgage loan companies.
_._do 197,401 174,640 176, 579 177,864
Railroads, including receivers
do
462, 316 469, 658 469, 634 461, 567
A1J other under Section 5
do
2,408
2,365
2,308
939
Emerg. Rel. and Constr. Act, as amended:
Self-liquidating projects (including financing repairs)
thous. of dol.. 17,382
18, 550
18, 490
18, 291
Financing of exports of agricultural sur47
47
47
pluses
thous. of doL.
0
Financing of agricultural commodities
439
439
437
and livestock
thous. of dol..
368
Loans to business enterprises (including
participations)
thous. of doL- 139,465 154, 305 151, 733 150, 462
National defense under the Act of June 25,
1940*
thous. of doL. 1,670,157 239,1S4 306, 243 355, 741
Total, Bank Conservation Act, as amended
thous. of dol.- 700, 693 757, 212 753,939 750,170
Drainage, levee, irrigation, etc
-do
70, 464
74,497
78, 622
78, 626
92, 349
92,025
136, 361
Other loans and authorizations!
do
487,154
2,363,687 2,541,142 2,820,257 2,880,470 2,938,413 2,988,673 3,166,909 3,361,947 3.556,094
737, 864 738,058 725, 550 723, G04 734,171 725, 943 729, 730 734, 696 738,384
79, 887
3,161
830
186,483
462, 496
1,315
69,463
2,897
795
189,837
461,792
1,158
69,117
5,817
752
190,490
462,426
1,128
68, 265
5,792
725
193, 993
464,842
1,079
67, 514
6,434
714
196,512
466,182
1,028
17, fi71 17, 578
17,527
17,515
17, 452
17,415
0
0
0
0
431
431
403
368
142,915
140,290
89, 787
3,574
1,551
180, 517
460, 953
1,482
88,088
3,370
1,532
182, 787
460, 813
1,469
S5, 310
3,266
1,389
186,389
447, 771
1, 425
18,124
18,085
17, 737
47
47
47
0
0
437
436
434
434
434
82, 986
3,161
1,365
187,185
447,510
1,398
149, 603
147, 422
142, 618
145, 654
152, 385
148,591
146, 360
409, 626
567, 097
694,087
785, 226
784, 396
853, 203
993,473 1.191,436 1,395,212
734, 569
77, 243
236,174
731, 979
76, 962
261,056
730, 076
74, 343
435, 365
728, 639
74,044
405,199
725,482
72, 814
451,155
719,873
72,068
451, 036
715,121
72, 051
492, 226
710,029
71,859
493.156
702,408
71,168
490, 849
SECURITIES ISSUED
(Securities and Exchange Commission)*
Estimated gross proceeds, total
mil. of dol_.
By types of security:
Bonds, notes, and debentures
do
Preferred stock
do
Common stock,.
.do
By types of issuers:
Corporate, total
.do
Industrial.
.do
Public utility
do
Rail
do
Other
do
Non-corporate, total
do
U. S. Government and agencies
do
State and municipal
do
Foreign Government
do
Non-profit agencies
do
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New money, total
..do.
Plant and equipment
..do.
Working capital
do.
Repayment of debt and retirement of
stock, total..
mil. of dol...
Funded debt
do
Other debt
..do
Preferred stock
do
Other purposes
do
Proposed uses of proceeds by major groups:
Industrial, total net proceeds..mil. of doL.
New money
do
Repayment of debt and retirement of
stock
mil. of doLPublic utility, total net proceeds.-do
New money
do
Repayment of debt and retirement of
stock
mil. of doL_
Railroad, total net proceeds
do
New money
do
Repayment of debt and retirement of
stock
mil. of doL.
Other corporate, total net proceeds.do
New money
do
Repayment of debt and retirement of
stock
mil. of dol..
2,965
1,411
635
1,087
718
457
1,878
1449
2,319
1,345
2,335
709
708
2, 952
10
3
1,389
18
4
619
12
4
1,051
32
4
712
4
2
439
14
5
1,820
4
54
i 429
12
8
2,285
21
14
1,290
37
17
2, 315
19
0
693
16
701
4
2
126
104
21
0
1
2,839
2,809
30
0
(a)
265
71
147
47
(°)
1,146
1,032
113
0
1
234
63
112
59
0
• 401
315
85
0
1
117
55
33
23
5
970
916
54
0
0
408
60
318
24
6
310
266
43
0
(•)
172
25
103
43
1
285
232
51
0
2
227
76
81
26
45
1, 651
1,584
64
0
2
140
73
58
1
8
1309
1233
74
0
1
128
39
52
28
9
2,192
2,131
60
0
164
44
109
10
1
1,181
1,061
118
0
2
78
39
35
4
0
2,257
2,216
41
0
114
404
170
224
137
125
161
31
20
11
91
64
26
80
60
20
51
34
17
71
38
33
139
135
2
2
(B)
128
117
11
1
5
57
37
19
1
57
44
3
10
17
124
259
229
59
27
33
66
51
15
80
69
11
41
31
10
185
168
17
64
11
53
0
1
192
188
4
(°)
(•)
148
127
16
5
1
70
58
10
2
4
214
198
14
2
5
C)
(a)
(a)
102
47
49
6
0
607
558
49
0
1
121
110
11
0
0
587
531
56
0
0
76
100
118
39
34
5
39
35
4
70
15
55
89
80
9
0
26
12
2
11
11
61
41
15
5
48
12
36
0
46
25
107
59
(°)
(a)
(a)
(a)
102
49
69
15
61
20
54
9
59
18
24
17
74
48
71
29
38
17
43
43
38
11
53
21
10
54
144
6
40
110
9
44
33
7
41
316
142
7
102
6
23
80
11
42
56
45
15
51
3
(a)
107
18
16
34
25
21
48
8
48
11
11
li
0
0
138
45
45
101
58
51
25
23
23
173
24
24
97
42
7
67
25
21
11
1
1
37
28
28
89
10
10
10
4
4
40
6
6
0
0
0
0
7
0
0
0
5
1
0
6
1
35
1
1
4
44
10
0
8
4
0
9
3
0
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
34
4
6
0
0
0
180,031
127, 570
127, 570
103,092
405,242
105,973
105,973
63, 874
881,800
519,734
519,484
90, 467
613,810
297,239
296,839
43, 569
472,424
361,029
361,029
327, 403
273,962
64, 840
64,840
34, 265
299,786
132,499
132,499
103, 261
233,304
108,600
108,600
89, 427
217,398
121,809
121,809
59,466
333, 238
181, 760
181, 760
87,186
178,528
122, 021
122, 021
55, 209
191,148
103, 551
103,551
73,085
262,148
157,820
157,820
97,114
94,125
0
8,967
0
60, 945
55
0
2,875
74, 636
2,010
10, 387
3,434
30, 377
0
9,825
3,367
323, 825
0
1,603
1,975
22,140
0
8,458
3, 667
49, 626
0
2,700
50,935
82, 399
575
2,645
3, 809
41,052
5,000
13, 360
54
32,436
0
36,887
17,863
35, 595
0
18, 735
458
55, 510
0
15,040
2, 535
91,027
0
4, 265
1,822
2,715
21, 764
0
5, 440
36, 659
0
369, 741
59, 276
250
212, 212
41, 058
400
0
33, 627
0
0
30,575
0
0
29, 238
0
0
19,173
0
19, 520
42,823
11,175
83, 399
0
36, 890
29, 922
0
8, 860
21, 606
0
9,720
50.986
0
0
1
(a)
(a)
(a)
(a)
(Commercial and Financial Chronicle)t
Securities issued, b y t y p e of security, total (new
capital and refunding)
thous. of d o l . .
New capital, total
do
Domestic, total
do
Corporate, total
do
Bonds and notes:
Long term
do
Short term
do
Preferred stocks
do
Common stocks
do
F a r m loan and other Government agencies
thous. of d o L .
Municipal, State, etc
do
Foreign, total
...do
o!
r
Revised.
^Includes repayments unallocated, pending advices, at end of month.
* Less than $500,000.
JFor revisions in 1939 data from Commercial and Financial Chronicle, see notes marked "X" on p. 34 of the September 1940 and p. 35 of the March 1941 Survey.
{Revised series. For revisions in data on total loans of the Reconstruction Finance Corporation and "other loans and authorizations" published in the Survey prior to
the October 1940 issue, see note marked "f" on p. S-16of the February 1942 Survey, Certain comparatively small revisions have been made in the grand total which are not
carried into the detail.
•New series. National defense data include loans, participations, and purchases of capital stock in corporations created by the Reconstruction Finance Corporation to
aid in national defense. The new series on new security issues have been substituted for the data on security registrations. Earlier data will be shown in a subsequent issue.
i Excludes offering of $502,983,000 1% Treasury Notes of SeriesA-1946 which were allotted tc holders of Reconstruction Finance Corporation notes of Series P , maturing
November 1,1941, and of Commodity Credit Corporation notes of Series E, maturing November 15,1941.
S-18
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the
May
1940 Supplement to the Survey
July 1942
1942
1941
May
June
July
August
September
October
Novem- December
ber
January
February
March ! April
FINANCE—Continued
SECURITIES ISSUED—Continued
(Commercial and Financial Chronicle)t— Con.
Securities issued, by type of security—Con.
Refunding, total
..thous. of doL
Domestic, total
.do
Corporate, total..
_
do
Bonds and notes:
Long term
do
Short term...
do
Preferred stocks.
.do
Common stocks.
do
Farm loan and other government agencies
._
_thous. of doL_
Municipal. State, etc
do
Corporate securities issued by type of borrower,
total
.thous. of dol_
New capital, total...
do
Industrial...
....do
Public utilities
do....
Railroads
do
Refunding, total
do
Industrial
do
Public utilities
do
Railroads
do
Domestic issues for productive uses (Moody's) :•
Total
_
mil.ofdol..
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
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)
Cash on hand and in banks.Money borrowed
Customers' free credit balances
167,287
167, 287
97, Of0
124,703
124,703
42, 384
95, 589
95, 589
52, 055
151 478
151 478
82,846
56, 508
56, 508
18, 901
155,881
0
5,398
112
96, 250
0
800
0
29. 336
0
13,049
0
50, 321
0
1, 734
0
81 756
0
1 120
0
18, 901
0
0
0
25, 420
11, 547
26,955
20, 776
34,822
35,415
31,675
50,644
25,100
18,435
33,775
34, 857
26,580 i 21.315
11,027 | 27,073
130,038
43,569
4, 068
10, 559
22, 852
86,468
34, 875
45, 593
0
401. 830
327,403
52, 018
238,085
23, 300
74, 427
2,497
71, 625
0
195,656
34,265
11,552
7,922
7,060
161,391
22, 782
102,098
34,837
200,311
103,261
63,178
5, 840
21, 329
97,050
16,336
74, 658
4,000
131,811
89,427
43,578
40, 687
1,210
42,384
16,890
21,841
0
111,520
59,466
24,018
7.203
27, 745
52,055
16, 880
31,339
0
170, 032
87,186
46,150
28,101
9, 890
82, 846
499
82, 120
0
113
63
50
67
38
29
303
281
22
47
25
22
63
53
10
61
43
18
71
34
37
137
67
70
47
33
14
50
10
40
51. 260 | r 61.358
183,744 I '113,745
52, 461
52,401
5, 807
299,269
299,269
197,102
362,066
362.066
113,390
316,571
316,571
86, 468
5,807
0
0
0
161, 757
0
35,345
0
108, 087
0
5, 303
0
75,793
0
10, 525
150
72, 530
0
1,897
0
38, 8f0
7, 855
28,300
73,867
222, 860
25,815
215,553
14, 550
108, 898
103,092
75, 967
15,125
0
5,807
0
5, 275
0
260,976
63,874
19,459
3,775
36,715
197,102
51,170
138,882
0
203,857
90,467
29, 454
7,584
51, 235
113,390
21, 886
83.317
6, 860
35
20
15
111,394 209,122
111,394 209, 122
74, 427 161,391
87, 597
87, 597
39, 209
Hi 4.328
] 04, 328
18,527
0
f)
0
H), 540
5. 261
74,109 112,294 j115,641
55, 209 ! 73,085
97,114
24,067 | 40,818 I 96,010
25,970
24,072 i
604
3,750
0
5,660 !
18,£01
39,209 I 18, 527
12,626
6,0C0 i 12,977
6, 275
32, 236 ! 5, 550
0
0 i
27, 947
56,916
115,982
144, 806
81, 995
151, 610
150, 913
48,269
169, 942
65,052
53, 669
78,479
93,123
60, 722
113,655
90,578
99, 988
118,505
119,070
• 46,526
38, 277
226
126
548
77
504
53
457
37
531
77
500
103
454
93
282
74
294
89
253
154
140
77
178
111
502
177
300
238
622
185
403
262
616
186
395
255
628
189
266
628
189
460
262
633
196
396
260
628
186
414
255
625
195
409
264
600
211
368
289
547
219
308
274
534
203
307
262
531 ! 515
195 i 195
306 ! 300
249 l 247
95. 64
97. 46
61.16
94.22
98.08
47.67
94.80
98.60
47.79
95.04
98.92
47.11
94.86
98. 58
48.85
94. 74
98.27
50.79
95.25
98.72
50.75
94.80
98.30
49.83
94.50
96.69
56.27
95. 24
97.31
58. 45
95.13
97.18
57.40
95. 97 : 95. 63
97.98 ! 97. 54
58.95 i 60. 29
117.7
117.0
117.7
118.7
118.5
118.1
118.8
119.2
117.5
117.5
117.1
116.7 |
117.8
98.9
107. 4
102.2
87.1
26. 4
122.1
110.7
99.«
102.4
106. 2
89.4
21.0
128.2
111.4
99 2
103'. 3
106.3
87.9
21.6
129.5
111.5
104.8
107.1
87.8
23.9
130.4
111.7
99.6
104. 9
107.3
86.8
24.9
131.0
111.1
98 0
105.1
107.2
84.5
24.4
131.2
111.1
99.2
105.3
107.2
85.0
25.1
133.0
112.0
99.4
105.9
107.4
84.9
24.8
133.4
112.4
97.4
105.0
104.7
82.4
21.9
125.9
110.7
99.2
106.7
104.1
86.9
24. 1
124.4
110. 1
99.6
106.9
104.4
87.7
25.6
120.1
108.9
98.8 ;
106. 1 !
101.8 !
88. 6 I
27. 6 i
119.7
110.2
99.3
107.1
102. 3
88 4
26.7
122.1
110.5
91,838
179,690
119,252
218,628
95,055
173,215
116,272
222, 973
87, 766
160,891
105, 508
177,029
125,159
209, 219
88, 348
161,048
134,712
277,038
125,744
256, 089
89,449 i -57, 003
178,409 I '6,812
80, 772
165, 276
100, 577
196,932
78.266
153,363
98, 274
201, 056
74,506
144,101
89,563
155,537
109,888
189,947
76.382
145, 446
116,561
251, 650
111,586
237, 263
78,643 \ 121. (Tf) ; 86, 629
165, 002 I 286. 211 j186, 165
156, 658
'953
155, 705
138,597
17,109
169, 272
948
168,324
153,831
14,493
149,426
1,010
148,416
135, 174
13, 242
189. 118
2. 598
186, 520
174, 588
11,932
140,157
1,431
138,726
127,515
11,211
140,963
1,319
139,644
127, 575
12,069
178,899
1,307
177,592
163.413
14,179
140, 746
1,470
139. 276
125, 694
13,582
224. 737
1,781
222, 956
20£, 251
17,705
219,955
1. 138
218.817
206, 145
12,672
158,357
944
157,413
148,551
8,862
61,956
58, 852
3,105
59. 258
57, 359
1,899
55, 534
51,278
4, 255
52,322
50, 293
2,029
56,159
51,952
4,207
53,237
51,227
2.010
56, 041
51,836
4, 205
53,260
51,279
1,981
56,10!
51.900
4,201
53. 217
51,165
2,052
56, 387
52,192
4,195
53,418
51,287
2,131
57,856
53.673
4,183
55,107
52, 984
2,123
57,821
53,646
4,175
54,813
52, 732
2,080
58, 237
55,080
3, 157
55,034
63.257
1,777
59, 076
55. 924
3, 152
56, 261
54,419
1,842
2.33
2.14
2.07
2.07
2.08
2.02
1.90
1.93
2.24
2.36
2.51 !
3.36
3.37
3.34
3.30
3.29
3.30
3.27
3.26
3.35
3.35
3.35 !
2.85
3.00
3.31
4.27
2.81
2.99
3.34
4.32
2.77
2.95
3.31
4.31
2.74
2.90
3.26
4.28
2.74
2.90
3.24
4.27
2.75
2 91
3.24
4.30
2.73
2.87
3.21
4.28
2.72
2.86
3.19
4.28
2.80
2.95
3.27
4.38
2.83
2.96
3.30
4.29
3.29 !
4.29 i
2. 86
3. 00
3. 32
4.30
•I. 98
3. 30
4.26
2.97
3.13
3.97
3.02
3.13
3.95
2.96
3. 10
3.95
2.90
3.07
3.92
2.90
3.06
3.92
2.88
3.07
3.95
2.85
3.05
3.93
2.85
3.04
3.91
2.94
3.12
3.99
2.97
3.13
3 93
2.98 |
3.15 1
3.94 I
3.00
3.17
3. 94
2. 96
3.13
3.95
mil. of dol_.
do
.do
-do
249
148
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars. .
Domestic
do....
Foreign
do....
Standard and Poor's Corporation:
High grade (15 bonds)t—dol. per $100 bond.
Medium and lower grade:f
Composite (50 bonds)._
...
do....
Industrials (10 bonds)
do .
Public utilities (20 bonds)
do....
Rails (20 bonds)
do....
Defaulted (15 bonds)t
do...
Domestic municipals (15 bonds)
do....
V. S. Treasury bondsf
do..
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol.
Face value
do
On New York Stock Exchange:
Market value
...do
Face value.
do.
Exclusive of stopped sales (N. Y. P. E.),
face value, total
thous. of dol.
U. S. Government
do...
Other than TJ.S.Govt., total. __do...
Domestic
do...
Foreign
do...
Value. issues listed on N . Y. S. E.:
Face value, all issues
mil. of dol.
Domestic
do.. _
Foreign
.do...
Market value, all issues
do.-.
Domestic
do...
Foreign
do...
Yields:
Bond Buyer:
Domestic municipals (20 cities)__.percent.
Moody's:
Domestic corporate
do...
By ratings:
Aaa
do...
Aa
do...
A
do...
Baa
do._By groups:
Industrials
do...
Public utilities
do
Rails
do.--
'Revised.
JSee note marked"}" on p. P.-17.
99. 075
202, 862
! 263,055 ;174.011
I
879 '
545
; 262. 176 173, 467
• 249. H 2 162,311
11.156
I 12,<'.V4
60,532
57,411 !
3,121 |
57,584 ':
55.793 !
1,791 !
(ii!. .= 7 9
57, 471
3.108
58, 140
56, 3C8
60, 572
"7,406
3.105
57, 924
"6. 051
1.872
2. :>s
2.33
3.37 3. 34
tRevised series. For data beginning 1931 on Treasury bond prices, which relate to partially tax-exempt bonds, see table 65, p. 17 of the December 1940 SURVEY. Earlier
data for Standard and Poor's bond prices are shown in table 36, p . 19 of the January 1942 SURVEY.
*New series. For data on domestic issues for productive uses beginning 1921, see table 34. p. 17 of the September 1940 SURVEY
S-19
SURVEY OF CURRENT BUSINESS
Julv 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
May
1942
1941
1942
June
May
July
August
September
October
Novem-1 December i ber
January
February
March
April
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Yields—Continued.
Standard and Poor's Corporation:
Domestic municipals (15 bonds).—percent..
U. S. Treasury bondst
.do.
2.45
1.97
2.14
1.92
2.08
1.91
2.03
1.90
2.00
1.94
1.99
1.94
1.91
1.88
1.90
1.85
2.25
1.97
2.33
2.01
2. 55
2.09
2.58
2.00
2.44
1.98
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
mil. of doL. 1,701.40 ,821.65 1,823.85 1,821.08 1,822.61 , 828.35 1,840.31 1,889.13 1,927.69 1,926.59 1, 857. 45 1, 850.15 1, 805. 62
Number of shares, adjusted
millions. _ 938.08 938.08 938.08
938.08
938.08 938.08 938. 08 938. 08 938.08
938.08 938.08 938.08
Dividend rate per share (weighted average)
1.94
1.94
1.94
1.94
(800cos.)__.
_
dollars..
2.05
2.05
1.98
1.97
1.92
1.81
1.95
1.96
2.01
3.01
3.01
3.01
3.01
Banks (21 cos.)
do
2.88
2.88
2.88
2.81
2.81
3.01
2.99
3.00
2.81
1.93
1.93
1.93
1.93
2.09
2.09
1.99
1.93
1.79
1.94
1.97
2.05
1.98
Industrials (492 cos.)
do....
2.54
2.59
2.59
2.59
2.69
2.69
2.69
2.69
2.69
2.59
2.62
2.69
Insurance (21 cos.)
do
2.62
1.94
1.95
1.92
1.92
1.81
1.81
1.81
1.77
1.91
1.86
1.80
Public utilities (30 cos.)
.do
1.82
1.57
1.57
1.56
1.56
1.77
1.77
1.77
1.77
1.58
1.58
1.77
Rails (36 cos.)
_
do
1.66
1.58
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31, 1924=100..
51.5
56.7
49.2
44.6
54.0
56.5
55.9
53.2
51.6
48.7
47.8
44.5
42.6
Dow-Jones & Co., Inc. (65 stocks)
40.95
42.99
36.92
32. 92
33.12
39.73
43.01
39.53
37.86
36. 79
34. 54
dol. per share. .
41.26
42.90
121.57
110. 67 111.11
97. 79
98. 42 116.44
127. 57 126.67
116.91
107. 28 101. 62
Industrials (30 stocks)
.
.do
121.18
127.35
17.61
18.50
14.38
11.06
11.68
18.48
15.93
14.41
13.83
12.15
Public utilities (15 stocks)
do
17. 65
17.30
18. 62
28.11
30.19
25.33
24. 56
24.29
29.60
27.92
28.01
27.85
26.09
Rails (20 stocks)
do....
28.54
28. 25
29.28
88.29
91.32
79.17
67. 52
68.30
92.24
87.92
77.09
74.46
69.17
New York Times (50 stocks)
.do
87.37
84.71
90.91
156.09
119. 25 149.00
162. 57 160.33
133.77
128. 67 119. 65 117.45
Industrials (25 stocks)
do
160.08 153. 71 145. 66 139.86
20.48
22.36
18.47
17. 59
17. 35
21.92
20.19
20.41
20.26
18.69
Railroads (25 stocks).
.do
21.04
20.42
21.74
Standard and Poor's Corporation:!
77.4
69.9
63.2
66.0
77.1
79. 5
83.2
83.2
80.4
72.6
Combined index (402 stocks). 1935-39=100—
71.8
63. 3
83.6
78.6
71.0
67.2
64.7
77.3
79.7
84.2
84.3
81.6
74.3
64.8
Industrials (354 stocks) _
do
73.8
84.8
78.7
74.8
70.8
67.8
66.3
79.6
83.9
88.4
88.0
82.2
78.6
Capital goods (116 stocks)
.do
76.3
87.8
74.2
61.8
66.2
63.9
62.9
74.8
76.7
80.2
81.2
79.0
68.8
Consumer's goods (191 stocks)
do __
67.6
82.9
56. 5
74.5
64.5
60.5
57.2
78.9
81.6
81.8
81.0
78.5
66.1
Public utilities (28 stocks)
... do....
66.2
81.3
61.1
68.4
68.4
65.0
60.3
70.7
70.9
73.8
74.4
70.3
69.0
Rails (20 stocks)
_.
.do
61.0
72.6
Other issues:
70.9
82.9
88.4
73.8
62.6
60.4
Banks, N. Y. C. (19 stocks)
...do
62.5
84.6
78.5
72.1
84.9
89.0
87.6
Fire and marine insurance (18 stocks)
90.6
107.6
101.7
95.9
102.3
105.9
115.4
89.5
111.5
106.1
1935-39=100..
111.9
115.6
114.0
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL. 265, 455 384, 462 411,012 611,464 415,088 512,750 493, 760 509,040 1,085,599 512, 503 296, 408 341, 230 272,889
14,018
16, 391 ' 13, 613
Shares sold
thousands.. 12, 625 17,618 18,052 29,073 22, 087 24,682 24, 724 26, 636 62, 676 28,359
On New York Stock Exchange:
Market value
_._
.thous. of dol._ 226,102 323, 885 350,146 522, 475 346, 227 426,839 413,341 422,423 928,046 466,932 251,187 287, 785 226, 187
22,236
12,175
13,194
13, 740 22, 226 15,858 18,021
46,891
10,610
Shares sold
thousands..
10, 079
18, 512 19,099
Exclusive of odd lot and stopped sales
12,994
7,229
9,661
15,052 36,387
7,926
8,580
7, 589
10, 451 17, 871 10,875
13,545
(N. Y. Times)
thousands.
13,137
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol.. 32, 914 37, 815 39, 608 41, 654 41,472 40,984
39, 057 37,882 35, 786 36,228 35,234 32, 844 31, 449
1,464
1,469
1,464
1,467
1,467
1,469
Number of shares listed
millions..
1,463
1,463
1,463
1,465
1,463
1,463
1.469
Yields:
6.4
7.2
6.9
6.1
5.8
5.9
6.8
Common stocks (200), Moody's
percent..
5.9
7.3
7.1
7.8
6.3
4.9
5.7
4.5
4.5
4.6
5.2
5.6
6.1
Banks (15 stocks)
do
4.6
5.4
5.3
6.0
5.0
6.5
7.2
6.7
6.2
5.8
5.9
6.9
Industrials (125 stocks)
do
5.9
7.3
7.4
7.7
6.4
4.3
4.6
4.9
4.2
4.0
4.1
Insurance (10 stocks)
do
3.9
4.5
5.0
4.1
4.5
5! 3
6.8
6.5
6.4
6.9
6.5
7.6
7.7
8.5
Public utilities (25 stocks)
do
6.6
7.6
8.9
8.2
6.5
6.4
5.9
6.8
7.4
6.3
7.2
8.2
Rails (25 stocks)
do....
6.5
8.2
8.3
6.0
Preferred stocks, high-grade (15 stocks),
4.24
4.15
4.15
4.21
4.38
4.05
4.15
4.52
Standard and Poor's Corp.f
percent..
4.02
4.04
4.11
4.07
4.48
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number..
Foreign
do
Pennsylvania R. R. Co., total
do
Foreign
do
U. S. Steel Corporation, total
do
Foreign
do
Shares held by brokers
percent of total..
630,956
5,609
206,050
r
)81
164, ,785
605
25.30
633,588
5,281
205,012
1,447
163,732
2,584
25.40
632,293
5,481
205,724
1, f 35
164, 262
2, £90
25. CO
637,020
5,230
205,304
1, 409
164, 013
2,596
24.90
FOREIGN TRADE
INDEXES•
Exports of U. S. merchandise:
Quantity
Value
Unit value
Imports for consumption:
Quantity
Value
Unit value
1923-25=100..
do...
do...
147
101
do...
do...
do...
142
88
62
r
130
82
63
134
'95
r 71
r 159
r 119
75
r 147
r
111
'76
r «225
'174
77
- 163
129
79
'214
171
'80
148
127
86
145
128
88
189
162
86
204
185
90
132
83
63
135
86
64
'128
83
65
92
129
87
67
156
106
68
117
80
69
107
75
70
110
79
72
95
70
73
VALUE•
Exports, total incl. reexports
thous. of doL.
384, 636 329, 776 358, 649 455, 257 417,139 666, 376 491,818 651,555 479 480 478, 531 608. 570 681, 979
Exports of U. S. merchandise
do
376, 354 323, 728 348, 890 438,264 406, 057 647, 462 481, 630 635,179 473 537 474, 896 602, 542 674, 282
General imports
.-do
296, 930 279, 536 277,847 282, 513 262, 680 304,127 280, 525 343, 794 253 654 254, 038 272, 287 234,122
Imports for consumption
do
281, 351 261,097 I 264,685 273,898 265,162 292, 303 276,224 338, 272 256,129 239, 456 252,050 222, 913
' Revised. % Partially tax-exempt bonds.
1 Figure overstated owing to inclusion in October export statistics of an unusually large volume of shipments actually exported in earlier months.
•The publication of detailed foreign trpde statistics has been discontinued for the duration of the war, effective with October data. Indexes of the volume of foreign trade in
agricultural products and data on the value of exports and imports by grand divisions and countries and by economic classes, which have been shown regularly in the Survey,
are available through September 1941 in the February 1942 and earlier issues. For revised 1939 data on value of foreign trade see pp. 17 and 18 of the April'1941 issue.
fRevised series Earlier revised data for Standard and Poor's stock prices and preferred stock yields are shown, respectively, in table 37, pp. 20-21 and table 39, p. 22
of the January 1942 Survey.
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
May
Julv 1942
1941
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
11,238
10, 839
Operating revenue
thous. of doL.
153
74
Operating income
.do
Local Transit Lines
7. 8144
7. 8061
7. S060
Fares, average, cash ratef
cents.. 1,034,361
857,679 809,340
Passengers carried!
thousands..
61, 713
58, 873
Operating revenues
.thous. of dol..
Class I Steam Railways
136
131
138
Freight carloadings (Federal Reserve indexes):!
117
131
139
Combined index, unadjusted. _ .1935-39=100..
170
181
167
Coal
...do
135
141
161
Coke
do
99
107
123
Forest products
do
82
69
89
Grains and grain products..
...do
62
102
101
Livestock
...do
265
303
276
Merchandise, 1. c. 1
do
144
138
141
Ore
do....
143
135
139
Miscellaneous
...do
164
156
138
Combined index, adjusted
do—
197
189
182
Coal
_.__do
155
136
130
Coke
do....
115
124
126
Forest products
do
98
88
91
Grains and grain products
...do
62
102
102
Livestock
do
289
152
266
Merchandise, 1. c. 1
do
142
136
139
Ore
do
Miscellaneous
do
3,510
4,171
r 4, 160
Freight-car loadings (A. A. R . ) i
830
676
642
Total cars
thousands,.
64
54
70
Coal
do....
205
175
245
Coke
do
184
172
174
Forest products
do—
62
57
39
Grains and grain products
do—
638
492
795
Livestock
do—
301
387
420
Merchandise, 1. c. 1
do—
1,792
1,490
1,878
Ore
...do....
72
71
70
Miscellaneous
do—
34
34
42
Freight-car surplus, totalt--—do—
17
17
10
Box carsj
do—
Coal caret
.do.—
455,023
442,
286
601,
002
Financial operations:
Operating revenues, total
thous. of dol. 487,982 370,903 377, 534
37, 493
44,832
Freight
do_... 74, 345
Passenger
do.... 375, 440 296, 590 298,932
115,933
r
57,
591
62, 829
Operating expenses
do—
93, 261
Taxes, joint facility and equip, rents*..do.... 109,628 r 88,104
52, 800
43,137
63.
600
Net railway operating income
do..-.
Net income
do....
44, 036
43,
398
Operating results:
.932
.927
Freight carried 1 mile
mil. of tons.
2,140
2,564
Revenue per ton-mile
cents..
Passengers carried lmile
millions..
473. 5
438.6
Financial operations, adjusted:*
365.2
398.2
Operating revenues, total
mil. of dol..
40.9
43.3
Freight
do.-..
363.4
345. 6
Passenger
do,..
93.0
110.1
Railway expenses
do....
50.1
67.8
Net railway operating income
do
Net income
--do
Waterway Traffic
Canals:
624
610
New York State
thous. of short tons__
1,989
1,585
Panama, total
thous. of long tons
1,133
887
In U. S. vessels
do
900
1,001
784
St. Lawrence
thous. of short tons..
15,153
14, 673
Sault Ste. Marie
do.... 15,883
1,716
1,895
Welland
do
1, 516
Rivers:
320
310
Allegheny
do
214
250
251
Mississippi (Government barges only).do
2,971
2,833
Monongahela
.do
1,727
1,785
Ohio (Pittsburgh district)
do....
Clearances, vessels in foreign trade:
5,729
6,074
Total, IT. S. ports
thous. of net tons. _
3, 579
3,957
Foreign
do
2,149
2,117
United States
do....
10, 926
80
10, 874
78
7.8144
792, 539
57, 839
11,942
7.8144 7. 8005
793, 570 828, 576
58,463
59, 865
12,143
101
11,904
95
14,051
131
11,809
79
11, 582
90
140
139
167
160
125
80
99
271
141
139
158
199
152
103
84
99
155
141
145
140
172
149
122
111
102
261
150
130
133
176
138
111
84
97
149
135
144
138
165
147
104
146
101
232
151
127
121
165
140
97
95
97
178
133
141
135
168
143
115
117
101
199
150
135
121
159
146
118
3,413
578
53
174
230
38
603
313
1,425
67
27
20
4,464
840
66
248
224
55
784
386
1,861
47
19
11
3,539
652
52
176
167
59
618
286
1,529
41
15
10
3,658
675
53
184
149
82
641
271
1,603
42
18
10
485, 446
405, 503
47, 402
310,035
69,097
106,315
63, 528
493, 674
410,213
49, 773
313,843
68,513
111,318
65, 500
46, 067
.947
2,756
49, 237
.902
2, 936
47, 616
.928
2,527
51,135
.922
2,397
46,032
.904
2,299
44,545
.943
3,055
46,666
.914
3,078
470.9
395.1
42.3
370.5
100.4
57.3
485.4
407.7
44.4
374.4
111.0
65.2
464.1
389.5
41.6
379.4
84.7
42.1
452.6
375.9
44.1
403.2
49.4
10.5
476.0
398.7
45.1
403.1
72.9
33.1
486.2
403.2
49.4
409.8
76.4
36.6
495.3
406.6
53.6
413.1
82.3
40.0
557
1, 366
818
975
15, 235
1,858
507
1,481
719
944
14, 401
1,620
700
1,719
882
948
13, 923
1,688
534
1,546
818
774
12, 223
1,466
0
1,283
538
36
2,137
369
0
0
0
0
0
0
330
270
2,862
1,781
352
265
3,105
1,771
326
211
2,492
1,691
332
251
2,863
1,759
230
240
2,206
1,374
244
119
2,992
1,711
177
81
2,753
1,453
167
65
2,762
1,410
6,716
4, 584
2,132
6,646
4,418
2,229
6,011
3,978
2,033
6,072
4,040
2,031
1
12,134
79
7.8005 7.8005 7. 8005 7. 8005 7. 8033 7. 8033
7. 8060
895,991 856, 773 941, 924 946,315 885,128 1,003,196 1,004,698
68, 637 65,004 72, 561
64, 603 61, 671 68,133
72, 668
138
127
172
149
163
70
99
283
139
138
150
200
149
112
83
100
156
140
720
1,659
910
1,043
15,511
1,960
11,976
204
144
128
125
182
129
113
97
96
69
138
137
111
167
145
124
101
100
246
149
129
136
184
140
125
95
93
46
134
140
119
153
156
142
99
97
186
152
129
132
184
153
110
76
96
47
135
139
116
150
159
131
95
100
187
151
129
125
175
149
102
77
92
73
139
136
122
168
149
119
97
92
282
143
136
135
176
159
100
90
81
218
142
143
160
200
159
117
101
80
267
141
4, 318
790
64
214
194
82
768
277
1,929
61
28
18
3,046
575
54
153
155
53
582
77
1,396
75
27
32
3, 858
797
71
208
212
65
711
65
1,729
60
22
22
3,123
629
57
185
154
42
597
52
1,407
59
22
20
3,171
610
55
184
146
43
584
72
1, 477
58
23
17
3,351
645
56
196
141
50
525
235
1,503
56
28
12
488,979 517,605 457,012 479, 560 480, 691 462, 486
411,241 440,122 385, 241 389,223 392, 571 377, 593
43, 521 42, 231 40,519
53, 868 55, 697 54, 746
312, 287 361, 502 335, 614 352, 532 348,781 327, 653
72, 622 62. 446 52, 633 46, 480 62,944 68, 347
104, 070 93, 657 68, 765 80, 549 68, 966 66, 486
59, 324 53, 676 29, 226 55, 492 26,130 23, 716
540,118
445, 490
59,106
360, 011
87, 749
92, 359
r
46, 888
572, 531
468, 007
66, 116
366 756
103,741
102,034
57, 900
44,109
.926
2,895
51, 853
.924
3,070
49,997
.937
3,427
518. 9
423.9
60.1
420.3
98.6
57.7
'541.7
r
443. 0
63.0
' 445. 7
96.1
52.4
584. 2
474.8
71.3
471. .r>
112.7
0
386
10,216
1,025
100
206
Travel
Operations on scheduled air lines:
11,472
12,154
11, 668
Miles
flown
thous. of miles..
10, 855 11,127
12,472 12,127
12, 200 11,501
9, 979
11,352
1,462,121 1,544,111 1,822,217 1,842,858 1,962,284 1,760,770 1,689,093 2,385,786 2,531,162 2,169,543 2,560, 255
Express carried
pounds..
Passengers carried
number..
363, 954 380,990 398,434 447, 316 455, 647 420, 393 324, 546 298, 680 300, 900 286,435 371, 398
133, 979 141,906 147,419 158,068 158,151 150,920 115, 825 111, 077 113,135 104, 220 139, 061
Passenger-miles
flown
thous. of miles..
Hotels:
3.30
3.29
3.56
3.52
3.13
3.26
3.61
3.39
Average sale per occupied room
dollars..
3.55
3.40
3.39
3. 30
64
68
69
70
66
Rooms occupied
percent of total..
69
61
71
70
71
70
121
106
103
115
Restaurant sales index
1929=100..
'108
107
114
108
103
101
107
100
Foreign travel:
13,491
7. 509
12,409
13, 203
14,613
11,328
8,991
U. S. citizens, arrivals
number..
11,668
10, 799
9,456
6,723
8,745
10, 739 13, 718 11,807
11, 145
9,502
17, 277
U. S. citizens, departures
do
9,942
8,748 11,339
5,754
7,871
10, 222
1,524
853
389
1,676
729
612
Emigrants
do
714
945
686
448
408
532
3.083
1,673
4,268
6,002
3, 359
3,911
2,188
Immigrants
do
2,256
2,581
1,924
1,954
1, 560
5,673
4, 362
5, 734
4,687
4,878
4,331
Passports issued
do
4,549
5,177
5,145
5,790
5,523
Data for May, August, November 1941, January and May 1942 are for 5 weeks; other months, 4 weeks,
dt
fiil
ti
f il
b i i
1921
i t b l 33
16 f h
S
b
es and
3.64
71
121
7,298
6,807
462
1,699
joint
fReise s e e s
e
g g
;
p
y
ey. asengers carried revised to cover data for 188 companies. Data for
1940 on the revised basis differ only slightly from those shown in table 13, p. 8 of the March 1941 Survey. Revised indexes of freight carloadings beginning 1919 appear in table
23, pp. 21-22 of the August 1941 Survey.
^Beginning June 1941, data represent daily average for week ended on the last Saturday of the month; earlier data, daily average for last 8 or 9 days of the month.
• Data have been discontinued for the duration of the war.
S-21
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Travel—Continued
National parks:
Visitors
number.. 137,187
Automobiles
-...
do
41,186
Pullman Co.:
Revenue passenger-miles
_ .thousands.Passenger revenues..
thous. of doL._
COMMUNICATIONS
Telephone carriers:
Operating revenues
thous. of dol__
Station revenues
do
Tolls, message
.do
Operating expenses
do
Net operating income
do
Phones in service, end of month..thousands..
Telegraph and cable carriers:!
Operating revenues, totalf
thous. of dol__
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol..
C able carriers
do
Operating expensesf
do
Operating incomef
do
Net incomet
do
Radiotelegraph carriers, operating revenues
thous, of doL.
328,012
100, 338
678,071 1,029,648 1,112,293
173,139 292,273 302,025
430, 608
132, 359
253,489
78,112
129,890
39, 383
714,012
4,389
897,614
5,145
825,839
4,880
850,348
5,074
797,4C8
4,857
840,925
5,138
763, 624 1,017,616 1,273,822 1,208,162 1,288,858 1,380,255
4,776
5,608
6,929
6,421
6,935
7,784
119,933
75, 709
34, 783
77, 576
20,164
20,366
120,113
75, £24
35,072
76, 626
21,037
20,443
120,116
74,858
35, 543
80, 329
18, 554
20, 535
119,224
74,236
35, 266
77, 934
19, 553
20, 657
121,259
76,470
35,029
79,159
20,477
20,817
124,000
78,700
35, 368
82,052
20,165
20,954
119,818
77,292
32, 526
79, 651
19, 645
21,067
128,993
80, 229
37, 782
87,307
32, 532
21,206
128,257
79,974
37,441
82, 935
21,166
21,362
123, 860
77, 771
34,961
79, 414
21,307
21,481
130,347
79,698
39,471
84,365
21,647
21,595
131, 727
80, 264
40, 207
84,372
21,596
21.. 702
12,850
11,830
12, 728
11,731
12,875
11,734
12, 674
11,616
12,555
11,461
12,566
11,493
11,583
10,436
15,448
14,089
12, 732
11, 563
11,697
10, 724
13,074
11, 940
13, 587
12, 553
514
1,020
10, 691
1,330
873
997
10,516
637
267
551
1,141
10, 965
966
513
1,058
10, 758
1,065
568
518
1,094
10,830
782
401
553
1,073
10,809
784
316
533
1,147
10,276
390
734
1,359
12, 003
2,215
1,488
620
1,169
11,054
585
61
565
972
10, 246
465
1,134
10,889
918
480
661
1, 035
11,188
1,088
572
1,354 I 1,337
1,386
1,264
1,205
1,316
1,197
1,442
1,163
1,092
915
1,032
.58
.28
.58
. 28
36,453
41,045
59,812
18,152
60, 767
17,477
59, 338
16,821
60,808
17, 760
94,192
28, 203
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:
.58
Natural (N. Y.)
dol. per gal_.
Synthetic, pure, f. o. b. works*
do
.28
Production:
Crude (wood distilled)
thous. of gal..
Synthetic
do
40, 545
Explosives shipments
thous of lb
Sulphur production (quarterly):
Tjonisiana,
Ions tons
Sulfuric acid:1
Price, wholesale, 66°, at works
dol. per short ton..
FERTILIZERS
Consumption, Southern States
thous. of short tcns_.
Exports, tot'il§
long tons
Nitrogenous§
do
Phosphate materials§
do
Prepared fertilizers
do
Imports, total§
do
Nitrogenous, total
.
__.
do
Nitrate of soda
do
Phosphates
. . .
do
Potash §
do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)
dol. 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 1b..
Receipts, net, 3 ports
bbl. (500 lb.)_.
Stocks, 3 ports end of month
do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal__
Receipts, net, 3 ports
bbl. (50 gal.)..
Stocks, 3 ports, end of month
do...
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (quarterly):|
Animal fats:
Consumption, factory
thous. of lb._
Production
do
Stocks end of quarter
do
Greases:
Consumption factory
do
Production
do
Stocks, end of quarter
do
14,889
14, 714
1,329
15,614
15, 678
1,095
15,035
15, 242
1,293
15, 264
15,065
1,089
17,100
16,908
861
18,302
18,185
740
16,977
16,965
724
(b)
(b)
(»)
29,651
10, COO
26, 555
3,012
32, 224
10,392
27,830
3,224
33, 021
7,108
27, 564
2,838
34,299
10,117
27,327
3,071
35,757
6,491
30,433
3,435
36,393
7,143
32,604
2,555
37, 541
8,038
30, 371
2,505
CO
CO
(6)
<b)
48, 580
16,668
21,fO5
7,545
9,340
(-)
.34
.30
.39
.30
.44
.30
.44
.30
.44
.29
.54
.28
.54
.28
.58
.28
.58
.28
.58
.28
466
4,423
37,891
436
4, 663
39,460
417
4,725
41,273
450
R. 006
41,363
487
5, 085
43,676
502
5,416
42, 629
529
R, 104
37,486
557
5, 663
38,879
(»)
(b)
36, 720
37, 681
129,365
670,063
330 090
577,384
16.50
16.50
16.50
16. 50
16.50
16.50
287
'257
81, 971
6, C14
74, 082
317
99, 673
70,036
42.134
1,194
1,512
104
66,651
11,688
48, 265
2,311
74,439
62,840
27,341
303
8,307
58
164, 695
15,675
141, 557
201
33,638
32, 591
16,350
25
3
71
295,885
17,783
270,646
407
69,096
67, 406
32,148
457
20
134
136, 503
13,196
105,919
2,879
118,139
108, 759
67, 594
780
5,951
1.470
13, 232
1.470
58, 228
1.470
41,094
1.470
48,882
1.494
39, 943
419.411
165, 359
770, 723
373,864
68, 813
808, 741
2.82
1.87
35, 635
490,186
.61
.43
8,198
27, 318
1.503
29, 714
135, 285
802, 576
110,115
725, 579
16.50
16. 50
16.50
16.50
16. 50
168
186
267
1,030
1,003
1.503
53, 646
1.503
59,897
1.503
57,113
1.503
51,402
1.503
56,386
1.503
44. 994
383,499
52,317
914,302
379, 267 364, 505 413,240 419,946 487, 558 487,164 457, 302
65,150 130, 906 129, 293
77, 725 146, 846
80,113
87, 581
978,014 1,022,410 1,051,966 1,050,633 1,049,268 1,082,860 1,017,847
480,018
204,855
911,507
431, 634
254, 239
730,135
1.88
3], 069
483, 751
2.13
33, 706
461,157
2.45
29,886
428,945
2.49
29, 282
419,979
2.44
24, 526
372, 983
2.64
34,516
297,168
2.89
34, 637
270, 383
3.16
30,214
269, 496
3.22
19,862
257, 926
3.06
3,733
250,110
2.89
16,353
239, 817
.42
10,064
31,978
.47
8,482
35, 617
.67
10,066
34, 339
.76
10, 755
36, 669
.78
10,942
26, 389
.76
5,999
18, 955
.73
12, 231
15, 676
.76
6,357
26, 594
.76
1,127
20, 496
.73
784
16, 675
.65
4,550
17,010
(°)
(°)
(•)
16.50
1,060
16.50
678
(•)
(fla)
( a)
()
1.503
56,039
337,010
644,024
684 475
338,647
585, 293
504,968
350, 722
761,446
461, 497
395, 967
776, 542
445,114
126,155
127,989
116,452
121,155
124.006
103, 068
118,673
140,991
105,815
125,047
140,105
100,330
S-22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be^found in the M a y
1940 Supplement to the Survey
Julv 1942
1941
May
June
July
August
September
1942
October
Novem- December
ber
January
Febru- March
ary
April
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Animal, including fish oils, quarterly {—Con.
Fish oils:
50,176
54, 513
54, 554
50, 018
Consumption, factory
thous. of l b . .
7,128
Production
do
81, 685
6,271
83,140
162, 659
171,398
189, 916
123, 661
Stocks, end of quarter
do
Vegetable oils, total:
Consumption, crude, factory (quarterly) t
1,027
1,048
788
1,106
mil* of ib
7,428
11,437
7,185
Exports
thous. oflb..
4,729
11,017
(6)
b
93,221
53,087
94,756
Imports total §
do
69, 615
59, 559
()
5, 767
8,596
13, 322
7,120
Paint oils f
do
10, 856
(b)
87, 453
44,491
48, 703
56, 293
All other vegetable oils f
do
87, 636
(6)
723
762
1,018
1,205
Production (quarterly) t
mil oflb
Stocks, end of quarter: X
700
895
902
660
Crude
do
513
300
450
497
Refined
do
Copra:
56, 403
36,158
64, 993
64,550
Consumption, factory (quarterly) {.short tons.
33, 766
24, 943
Imports
do
25, 487
26, 872
17, 259
(b)
36,413
33, 789
28,109
Stocks, end of quarter X
do
(a)
:::::: 1
Coconut or copra oil:
Consumption, factory:
187. 302
113,643
184, 737
184,118
Crude (quarterly) X
thous of lb
49, 437
73, 983
79,028
68, 904
Refined (quarterly) X
do
2,146
481
3,574
728
1,435
2,421
136
4,153
4,198
4,680
2,474
1,468
In oleomargarine
do
(c)
44, 695
26,884
Imports §
do
46, 369
28, 273
30, 973
(6)
Production (quarterly): X
j
45, 392
81,054
70,444
80,366
Crude
do
65, 972
93, 710
97, 464
90, 962
Refined
do
Stocks, end of quarter: X
186, 290
135, 790
178,463
176, 381
Crude
do
16, 994
15,131
15,064
16, 248
Refined
do
Cottonseed:
474
419
413
121
317
224
505
669
586
Consumption (crush)-.-thous. of short tons.144
107
185
79
218
1,040
144
44
52
361
1,264
22
679
Receipts at mills
.
do .
21
105
51
19
1, 037
749
768
190
503
1,293
1,344
1, 437
129
301
177
Stocks at mills, end of month
do
267
131
Cottonseed cake and meal:
102
114
ExDortsS
short tons
53
21
1
(b)
52,976
46,186 180, 929 294,821 255, 608 222, 533 206, 817 176,833 139, 742
97,180
Production
.
do 62, 361
84, 306
35, 503
286,844 254, 729 224, 275 164,444 131, 618 174,385 291,815 356,670 380, 366 370,564 372,208 338, 711 311,403
Stocks at mills, end of month..
do
Cottonseed oil, crude:
42, 978
33, 779 129, 499 208, 538 178, 276 154,450 146, 676 128,843 101, 526
72, 671
47,058
Production
thous. of lb
65, 538
26, 288
79, 584 133, 228 159, 259 169,998 181, 533 170,913 137,975 105, 714
51, 961
32,107
80, 989
Stocks, end of month
_
do
94, 710
29, 708
Cottonseed oil, refined:
317, 273
287,061
402, 720
292,882
Consumption, factory (quarterly) $
do
14,129
14, 427
12, 525
14,738
14,650
10,816
13,708
11,883
13, 837
10,235
11,444
10,131
In oleomargarine
do
11,413
Price, wholesale, summer, yellow, prime
.137
.136
.139
.131
.124
.129
.115
.119
.140
.140
.141
(N. Y.)
dol. p e r l b . .
.105
.118
63, 536 143, 761 142, 251 136,112 119,437 130,622 127, 442 100, 548
76, 620
32,828
Production
thous. of l b . . 71, 502
96, 635
49, 627
394, 589 423, 397 372, 756 294,005 234, 242 178, 724 203,544 273,448 314, 330 322, 972 351,683 389,010 402. 540
Stocks, end of month
do
Flaxseed:
1,853
866
1,139
|g Imports
thous. of bu
1,177
1,051
(»)
Minneapolis:
3,682
1,292
662
704
742
805
1,777
8,323
708
721
490
Receipts
do
585
722
412
311
101
185
120
141
67
297
154
140
144
Shipments
- .
_.
do
90
161
4,773
3,430
1,885
4,714
3,897
3,864
3,105
4,443
2,634
2,299
2,120
Stocks
do
1,078
1,107
Duluth:
1,252
17
3
180
192
165
348
1,000
4
Receipts _
do
5
178
219
56
319
467
36
438
310
249
109
481
105
Shipments
.
.
. _ do .
46
416
207
455
1,404
1,418
1,386
1, 691
236
485
1,937
1,067
925
1,026
Stocks
do
381
247
527
Oil mills (quarterly):
12,175
13,065
9,386
13 425
Consumption $
do
12, 385
12, 557
3,501
Stocks, end of quarter
do
8,477
1.99
2.00
2.23
1.87
1.87
1.84
1.89
2.33
1.87
1.92
2.60
Price, wholesale, No. 1 (Mpls.)-.dol.
per b u . .
2.58
2.62
1
•31,485
Production (crop estimate *
thous. of bu
Linseed cake and meal:
1,740
392
914
Exports§
thous. of lb_.
813
907
53, 760
45,840
34, 360
51,840
22, 360
37,400
32,120
37,640 34, 400
20, 240
Shipments from Minneapolis
do 29, 280
28, 880
25,840
Linseed oil:
146,147
141,913
143,100
Consumption, factory (quarterly)J
do
153, 620
.114
.108
.113
.101
.108
.108
.112
.119
Price, wholesale (N. Y.)
dol. per lb —
.108
.133
.113
.141
.141
236, 744
251, 723
183, 309
258 720
Production (quarterly) . . . _ _ thous. of lb
21, 900
17,950
21,050
22, 000
21, 350
15, 750
22,250
Shipments from Minneapolis
do
20, 300
21, 500
24,300
22, 400
23, 600
30,000
161, 255
198, 579
150,936
Stocks at factory, end of quarter^
do
235, 897
Soybeans:* '%
13,175
19,232
15,873
Consumption (quarterly)
thous of bu
9Q 500
Price, wholesale, No. 2, yellow (Chicago)
1.67
1.83
1.39
1.83
1.57
1.60
1.58
1.95
dol. per bu__
1.32
1.50
1.86
1.83
1.80
106,712
Production (crop estimate)
thous of bu
19,431
690
8,481
Stocks, end of quarter
do
19, 907
Soybean oil:*
Consumption, refined (quarterly)
98,205
104,210
90,803
"^1
thous. oflb
118, 285
Priced/wholesale, refined, domestic (N. Y.)
.124
.126
.132
.114
.114
.104
.125
.121
.135
dol. p e r l b - .
.135
.120
.135
.135
Production (quarterly):
*
177,217
141,584
115,686
Crude
thous. of lb._
188 805
108,850
96,951
Refined
do
126,301
151,998
Stocks, end of quarter:
34,909
29,666
68,450
86 231
Crude
do
41,846
36,120
40,589
Rafined
do
56, 639
Oleomargarine:
33,754
35, 848
33,932
32,147
25,174
33,095
31, 767
25,719
29, 721
26,857
25,909
Consumption (tax-pai d withdrawals)©.do
23, 079
26, 759
Price, (wholesale, standar d, uncolored (Chi.154
.145
.133
.153
.140
.140
.140
.140
.140
.130
.150
cago)
_
dol. per l b . .
.150
.150
35, 071
32, 541
32, 503
34,638
25,089
24,803
33,124
27,695
27,365
34,060
30, 768
Production©.....
-_.,thous.-'oflb— 27,600
28, 641
« Not shown separately.
* Dec. 1 estimate.
* Publication of detailed foreign trade statistics has been discontinued
for the duration of the wan
c
§Data revised for 1939; fo r exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
Less than 500 pounds.
{Revisions for quarters o f 1940 not shown in the December 1941 Survey will be shown in a subsequent issue.
•New series. Earlier da ta for the series on soybeans and soybean oil will be shown in a subsequent issue.
fRevised series. The series on imports of paint oils and all other vegetable oils have been revised to exclude data for oiticica oil from "all other"|[\vhere they have been
included and include them with paint oils. Earlier data are available on request. The revision does not affect the total imports of vegetable oils.
© Data revised beginning July 1939, see note marked " t " on p. 40 of the April 1941 Survey.
S-23
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
May
July
June
August
1942
September
October
Novem- December
ber
January
February
March
April
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Shortenings and compounds:
" Production
thous of lb.
Stocks, end of quarter
do___
Vegetable, price, wholesale, tierces (Chicago)
PAINT SALES
dol. per lb.
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:t
Total. .
do...
Classified, total
do_._
Industrial
do._.
Trade
do_._
Unclassified
do...
410,382
45,967
315, 707
53,351
327, 615
50,474
.124
.133
.143
.145
.153
.156
233
202
53
178
51
183
57
195
67
171
289
513
262
392
246
389
224
359
279
462
49, 204
44,141
18,140
26,000
5,064
58,413
53,062
20, 544
32, 518
5, 351
54,336
49,072
21,022
28,049
5,265
48, 980
44,407
20,133
24,275
4,573
48,647
44,140
20, 247
23,893
4,506
186
1,296
1,305
215
1,372
1.315
242
1,387
1,475
229
1,309
1,353
53
465
483
14
524
472
18
513
523
3,179
3,054
2,319
2,146
3,753
987
1,564
1,202
.170
329, 867
60, 790
.156
.164
.165
.165
.170
161
40
217
47
190
46
172
36
162
43
161
51
253
471
210
278
175
185
428
196
323
' 183
412
261
466
50,363
45,334
19, 709
25, 625
5,029
51,138
46,178
21,454
24, 724
4,960
41,368
37, 531
18, 727
18,804
3,837
41, 708
37,861
19,200
18,661
3,848
47,044
42,032
19,190
22,842
5,012
45,176
39,745
17,619
22,126
5,431
48, 070
42, 617
18, 898
23,719
5,453
50, 530
44, 849
19, 009
25, 840
5,681
243
1,437
1,510
284
1,479
1,565
252
1,521
1,630
268
1,483
1,569
1,485
1,658
272
1,618
1,755
251
1,377
1,545
242
1, 434
1,394
245
1,415
1,526
14
507
541
17
573
580
19
585
622
21
630
723
22
558
624
23
501
550
24
585
542
33
567
504
22
519
486
50
568
2,457
2,264
2,467
2,346
2,670
2,506
2,991
2,813
3,439
3,453
2,979
2,777
3,397
3,165
3,789
3,597
3,478
3,225
3,644
3,444
3,607
3,461
3,570
981
1,436
1,153
4,062
1,178
1,549
1,334
3,981
1,157
1,543
1,281
4,146
1,227
1, 535
1,385
4,737
1,345
1,724
1,668
3,825
1,070
1,315
1,441
3,033
813
955
1,265
2,743
675
761
1,307
3,085
782
862
1,441
3,692
969
1,132
r
1, 592
4,198
1,178
1,511
1,509
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption in reporting company plants
thous. of lb_
Production
do_
Shipment so"
do__.
Cellulose-acetate:
Sheets, rods, and tubes:©
Consumption
in reporting company
plants
thous of l b .
Production...
do...
Shipments©"
do...
Moulding composition:
Production
do...
Shipments!
do...
ROOFING
Asphalt prepared roofing, shipments:
Total
. . . t h o u s . of squares.
Grit roll
.do...
Shingles (all types)
do__.
Smooth roll
do...
ELECTRIC POWER AND GAS
ELECTRIC P O W E R
Production, t o t a l *
mil. of kw.-hr
By source:
Fuel
do
Water power
do
By type of producer:
Privately and municipally owned electric
utilities .
_
mil. of kw.-hr_.
Other producers
do
Sales to ultimate customers, total f (Edison
Electric Institute).
mil. of kw.-hr_.
Residontial or domestic
do
Eur^l (distinct rural rates)
do
Commercial and industrial:
Small light and power
do
Large lieht and power
._.do
Street and highway lighting
do
Other public authorities
do
Railways and railroads
do
Interdepartmental.
do
Revenue fn m sales to ultimate customersf
(Edison Electric Institute)
thous. of d o L .
• 13, 674 r 14, 323
' 14, 565
' 14, 364
'15,246
' 14,491
' 15, 651
15,646
14,102
15, 053
' 14, 588
' 9, 616
' 4, 058
' 9, 862
' 4, 461
' 10, 628
' 3, 937
' 10, 364
r 4, COO
'11,041
r
4, 205
' 10, 402
' 4, 089
'11.156
' 4, 495
11,050
4,595
9,664
4,438
9,438
5,615
' 8,979
'5,609
' 12, 203
' 1, 420
' 12,282
' 1, 393
' 12, 822
'1,501
' 13, 094
r
1, 471
'12,862
' 1, 501
' 13, 687
' 1, 559
' 13, 056
' 1, 435
' 14, 224
' 1, 427
14,110
1,536
12,612
1,491
13, 322
1,731
12, 949
' 1, 639
11,126
1,903
155
11, 346
1,909
231
11,684
1,927
283
12,087
1, 9f;9
329
12,146
2,031
297
12, 380
2,092
226
12,308
2,266
170
12, 768
2,393
148
13, 242
2, 673
145
12, 572
2,405
156
12, 558
2,244
168
12, 536
2,139
206
1,912
6,234
146
243
482
50
1,980
6,346
138
240
461
40
2,045
6,479
140
247
472
41
2,131
6,730
154
259
473
40
2,120
6,771
170
251
467
40
2,100
6,951
193
275
501
42
2,163
6,672
206
281
503
47
2,189
6,882
224
301
569
63
2, 450
6,777
217
307
597
76
2,303
6,560
187
306
550
74
2,199
6,828
181
306
560
72
2,156
6, 988
158
294
525
69
210,134
214, 329
217,827
223, 515
226, 043
228, 884
234,153
239,611
250, 526
237, 957
230, 766
227, 610
10,416
9,631
305
468
32,919
16, 740
4,286
11,692
10,265
9,492
293
469
30,496
17,011
2,165
11,151
10, 296
9,533
283
468
27,849
15,613
1,349
10, 696
10,320
9,555
283
470
27,091
15,109
1,108
10, 718
10, 402
9,619
308
466
29,210
16, 746
1,203
11,079
10,417
9,617
333
456
31,845
17,462
2,402
11,747
10, 428
9,618
351
450
35, 724
15,879
7,491
12,086
10,474
9,646
367
451
39,892
16,200
10,752
12,618
10,434
9,616
344
465
43, 705
18, 268
12,294
12, 796
10, 482
9, 651
359
463
42, 357
17,672
11,917
12, 425
10,454
9, 626
343
471
41, 296
17, 629
10,224
13,129
32, 032
22, 434
2,511
6, 961
30,623
22,211
1.634
6,676
28,303
20, 731
1, 079
6,401
27, 802
20, 3C0
923
6,411
29,887
22, C03
1,118
6,657
31,854
22, 712
1,941
7,063
33,692
21,908
4,248
7,373
36,107
22,042
6,191
7,693
38,680
23,016
7,728
7,739
37, 759
21,924
7,960
7,684
36, 526
21, 663
6, 937
7,734
7,849
7, 268
578
119,955
28,814
89,014
7,823
7,271
5£0
110,420
21,039
87,003
7,868
7,311
553
110,163
18,259
89, 791
7,882
7,334
545
110,666
16,792
91,328
7, 942
7, 3S2
548
115,379
17,812
94,873
8,012
7,444
565
127,179
22, 400
102,073
8,174
7,554
617
143, 343
36, 976
103, 639
8,215
7,585
628
160, 937
50,694
107,125
8,171
7,554
614
178,01-8
67, 790
107, 521
8,183
7, 572
609
174, 389
62, 485
108, 679
8,230
7,610
618
171,979
61, 451
107, 491
38, 635
20,593
18,062
33, 662
16, 327
17,059
31,920
14,458
17,115
31,417
13,534
17, £40
32,131
13,836
17,973
36, 739
16,883
19,528
46,461
24,655
21,433
56,124
32, 242
23,448
67, 665
42,000
25, 241
63, 760
38, 433
24, 816
61, 848
37, 312
21. 901
14,988
' 13,622
9,630
5,358
' 9, 367
' 4, 255
13, 326
1,662
GAS
Manufactured gas:f
Customers, total
.
thousands..
Domestic
.
do
House heating. .
___.do
Industrial and commercial-.-do
Sales to c< nsumers, total
mil. of cu. ft_I)<ni«stie
.
do
Ilf use heating. . . . . . . .
do
Industrial and commercial
..do
R e \ e n u e from sales to consumers, total
thous. of dol__
Domestic.
do
Ileu^e heating
„
do
ItKirstrial and commercial
.do
Natural pas t
Custon ers, total
thousands..
Donesiic
. .
... .
do
Ii dustUHl and commercial
do
Sales to consumers, total. . . . . > . m i l . of cu. ft_.
Domestic
. . .
do
Inri'l , rom'l., and elec. generation
do
Revenue from sales to consumers, total
thous. of dol__
Domestic
do
Ind'l., com'l., and elec. generation...do
|
\
!
j
!
|
• Revised.
cf Includes consumption in reporting company plants. JExcludes consumption in reporting company plants.
• Monthly data for 1920-39, corresponding to averages shown on p. 97 of the 1940 Supplement, appear in table 28, pp. 17 and 18 of the December 1940 Survey; revised data
for all months of 1940 are shown on p. 41 of the June 1941 Survey; revisions for 1941 not shown above will be shown in a subsequent issue.
©Data do not include cellulose acetate safety glass sheets.
+Pe vised series. Manufactured and natural gas revised beginning January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and revenue
from sales beginning 1937 will be shown in a subsequent issue. Data on sales of paint, varnish, lacquer,, and fillers cover 680 companies and replace the series for 579 companies
FRASER
previously shown in the Survey; earlier data are shown in table 14, p. 26.
Digitized for
http://fraser.stlouisfed.org/
468808—42—4
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-24
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
July 1942
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
6,142
Production..
thous. of bbL.
5,978
Tax-paid withdrawals
.do
8,835
Stocks.
_
do....
Distilled spirits:
Production
thous. of tax gal.. & 8,137
9,283
Tax-paid withdrawals
do
Imports
-thous of proof gal..
Stocks
thous. of tax gaL. '543, 094
Whisky:
6,970
Production..
do
5,968
Tax-paid withdrawals
do
Imports
thous. of proof gaL.
521,
033
Stocks.
thous. of tax gaL.
Rectified spirits and wines, production, total
4,621
thous. of proof gaL.
3,907
Whisky..
do....
Indicated comsumption for beverage purposes:
All spirits
thous. of proof gaL.
Whisky
do
Still wines:
Production
thous. of wine gal..
Tax-paid withdrawals—
do
Imports
do
Stocks
--do
Sparkling wines:
Production
_
do—
Tax-paid withdrawals
do
Imports
do
Stocks
do
5,844
5.385
8,848
6,126
5,678
9,038
5,291
5,240
8,384
6,554
6,268
9,026
5,913
6,055
8,605
14, 732
9,722
1,535
549,979
12, 521 11,075
9,281
8,992
860
727
551,424 551,435
9,881
10,092
855
549,275
12,025
7,531
1,448
503,040
9,560
7,210
788
504,081
5,195
4,224
5,393
4,348
5,415
4,321
5,789
4,807
5.871
4,715
13, 515
11,641
12,698
10, 724
12, 248
10,084
13,028
11,017
15, 549
13, 561
1,636
9,375
2,663
7,843
7,580
7,018
125
169
90
117, 887 111, 570 106,377
95,884
10,123
132
136,457
1,365
7,270
158
128,003
151
119
52
7
744
794
71
4
817
3,842
4,074
7,783
4,421
4,521
7,446
4,432
3,970
7,672
4,438
3,763
8,148
5,154
4,577
8,491
5,728
5, 030
8,950
20, 768 18,778
21, 201 30,667
11,108
10,505
11,969
8,586
1,549
C)
547,678 555, 462 558,967 567,403
18, 535
9,233
12, 903
9,413
10, 571
11,312
9, 716
9,641
9,424
7,764
6.571
7,104
9,212
6,606
1,423
653
777
503, 567 501, 587 499,503
95
61
5
811
4,989
4,920
8,207
77
112
11
761
13, 834 11,828
13,632
8,143
6,832
7,602
<•)
504,041 505, 557 511,211
574, 937 577,140 «• 542, 884 '543, 512
13, 088
6,519
11,486
6,417
10, 020
7,501
9,058
6,631
516, 456 519, 790 520, 765
521, 503
6,330
5,167
5,943
5,040
4,583
3,772
6,006
4,627
6,249
4,881
6,481
5,627
4,625
3,902
130,886
8,546
(•)
183,015
118
124
54,135
8,832
11,851
10, 633
2,510
8,079
1,846
8,860
1,843
9,446
1,308
8,123
193, 275 183, 560 176, 627 167, 079 158, 041
150,023
748
111
137
114
150
78
44
719
664
690
780
895
.36
115,054
43,433
152,484
.35
117,867
48,149
114,436
.35
121,410
47,393
83,106
.35
.35
118, 780 137, 010
47,170 55, 718
63, 701 45, 045
.38
150, 695
55,135
r 37, 228
.25
.24
69, 850 72,105
69,340
88, 770
56,075
53,038
58, 055 72, 290
13, 542 14,356
12, 928 21, 965
201,613 165,018 160, 073 188, 333
171, 869 137, 276 133,140 163, 939
.23
103,030
' 85,960
'21,432
203, 901
178,473
155
32
DAIRY PRODUCTS
Butter, creamery:
Consumption, apparentf
thous. of lb_.
Price, wholesale, 92-score (N. Y.).dol. per lb._
Production (factory)t
thous. of lb..
Receipts, 5 markets
do—
Stocks, cold storage, end of month
do
Cheese:
Consumption, apparent!
do—
Imports§
do—
Price, wholesale, No. 1 American (N. Y.)
dol. per lb..
Production, total (factory)t
thous. of lb..
American whole milkf
do
Receipts (American), 5 markets
do....
Stocks, cold storage, end of month
do
American whole milk
do—
Condensed and evaporated milk:
Exports: §
Condensed (sweetened)
..do
Evaporated (unsweetened)...
do—
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. per case..
E vaporated (unsweetened)
do
Production, case goods:t
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)...
do—
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)
do—
Fluid milk:
Consumption in oleomargarine
do...
Price dealers', standard grade.dol. per 100 lb.
Production (Minneapolis and St. Paul)
thous. of lb.
Receipts:
Boston...
thous. of qt.
Greater New York
do...
Powdered milk:
Exports
thous. of lb.
Production!
do...
Stocks, manufacturers', end of month.-do...
.38
204. 955
71, 554
64, 797
136,
114,
18,
223,
195,
.23
280
745
066
223
999
150,124 138,545 150, 745 147,036
()
.36
.37
.35
.36
.36
213, 568 196, 970 172, 545 149, 744 136,404
78,217
55,666
73, 993 60,942
53, 025
120, 246 178,493 200,228 202,957 186,635
(a)
82, 568 70, 289 57,130
66,496 66, 765
1,437
1,464
2,114
2,094
1,758
C)
179,332
.36
218,118
74,366
56, 792
.26
.22
.26
.21
.26
.24
.24
67,650
98,210 105,610 95,100
87, 510 82, 500 78,300
51,651
86, 223 77,861
62, 241
'81,162
71, 518 66,861
21, 551 22, 212 15,634
15, 784 13,648
18,097
16,139
119, 718 142, 369 168,420 184, 940 188, 337 188, 727 189,002
102,869 121,064 139, 568 151,906 156, 746 157,468 158,238
8,292
19,366
7,333
43,383
5.00
3.43
5.40
3.45
4,356
440, 682
10,130
350,495
9,745
331,285
8,178
294, 579
10, 494 10,062
10, 327 10, 009
9,783
173,838 189, 711 261, 559 289,904 339,716
5.90
3.75
8,865
40, 687
6,300
45,875
5.483.60
5.80
3.70
5.56
3.85
5.40
3.85
5.90
3.85
9,923
297,981
9,793
291,714
8,017
281,147
7,999
268,134
8,126
257,649
7,111
60,153
11, 245 11,906
382,605 417,643
5.90
3.85
5.90
3.85
5.90
3.85
3,079
7,086
286, 736 310,952
3,853
296,877
9,000
12, 024
6,223
328,475 252, 532 218,410
5.90
3.85
5.90
3.80
5,426
335, 203
' 4, 404
356, 799
6,469
213, 550
8,292
222, 485
4,919
2.75
5,101
2.27
4,627
2.29
4,919
2.32
4,582
2.40
6,044
2.49
6,049
2.60
5, 764
2.66
6,230
2.70
6,113
2.73
5,897
2.74
5,474
2.75
5, 167
2.75
49, 032
49, 501
42, 475
35,932
30, 658
25, 972
27,159
29,018
35,194
39, 349
38, 794
44, 986
43, 796
22, 480 22,179
22, 769
132,704 132, 294 131,958
22,027
127,050
21, 250 19, 575 22, 756
126, 383 115,501 130, 619
22, 655
129,195
24, 321
82, 000
60, 595
2,277
62, 500
36,676
7,005
54,900
37, 231
6,336
43,600
34,108
2,760
37, 750
31, 705
21, 895 21,802
132, 725 135,906
4,155
35,100
26, 975
()
30,200
21,470
20,842
21.162
126, 453 130,314
26,050
18, 732
32,000
20,156
38,350
22, 931
38, 356
28, 789
49, 800
38, 482
59, 000
47, 459
3,704
20,162
20, 329
3,951
14,238
18, 052
1,856
4,001
8,207
20, 831
1,466
3,
' 3,
19,
2,
2.638
2.719
2.525
21, 738
16, 556
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)^
thous. of bu.
Shipments, carlot
no. of carloads..
Stocks, cold storage, end of mo.-thous. of bu_.
Citrus fruits, carlot shipments.no. of carloads..
Onions, rarlot shipments
do
Potatoes, white:
Price, wholesale (N. Y.1
dol. per 1001b..
Production (crop estimate)
thous. of bu_.
Shipments, carlot
no. of carloads.
GRAINS AND GRAIN PRODUCTS
E x p o r t s , principal grains, i n c l u d i n g flour a n d
1,840
1, 259
19, 312
4,672
2. 644
21,016
' 2, 716
'5,236
'940
'498
'681
0
10,351
2,316
0
0
r
15,164
'8,236
• 19, 965
• 12,484 '10,413
'2,094
'3,854
'1,039
'2,805
' 1, 706
2.363
1.845
1.970
1.806
1.700
'~19,~889 '13," 897
'11,~295
:
~'8,~393
22," 696
i126,076
4, 974
"•11,073 '6,322
31,181 25, 732
31,321
'14,313
r
17,
051
' 10,460
'3,641 ' 2,491 ' 1,947
1.944
2.163
'14,162
2.330
1357,783
14,016
315
521
592
925
2.250
, 827
3,330
meal§
t h ° u s . of bu._
5,983
4,042
5,037
9,116
Barloy:
232
574
284
263
Exports, including malt§
do
178
C)
Prices, wholesale (Minneapolis):
.86
.87
.82
.87
.58
.56
.69
.55
.88
.51
.77
No. 2, malting
dol. per bu_.73
.68
.54
.52
.70
.51
.60
.71
No. 3, straight
do
.45
1358,709
Production (crop estimate)
thous. of bu_;, 827
7, 220 5, 770
7,838
9,116
13, 239 12,190
9,598
10,468
14,111
4,813
6,028
Reoeipts, principal markets
do
6,064
), 681
9, 656 8,324
4,931
8,739
10,002
5,514
7,757
4,726
5,471
6,977
6,344
Stocks, commercial, end of mo
do
I 4, 541
' Revised.
1 December 1 estimate.
§See note marked " § " on p. S-26.
^Production
in "commercial areas." Some quantities unharvested on account of market conditions are included.
0
The publication of detailed foreign trade statistics and consumption series in which trade statistics are used has been discontinued for the duration of the war.
& Not including high-pronf spirits produced at registered distilleries.
fFor revised 1939 nnd 1940 data for the indicated series on dairy products, see note marked " t " on p. S-24 of the February 1942 Survey.
JHeretofore data published currently represented only reporting companies. Beginning with the April 1942 issue of the Survey, all data are estimates of total production
http://fraser.stlouisfed.org/
comparable with 1940 data on p. S-24 in the December 1941 Survey; revised 1939 data are available on request.
Federal Reserve Bank of St. Louis
S-25
SURVEY OF CURRENT BUSINESS
July 1942
1941
1942
Monthly statistics through December 1939, together with explanatory notes a n d references
to the sources of the data. may be found i n the
1940 Supplement to the Survey
May
May
June
August
July
1942
September
October
Novem- December
ber
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
GRAINS, ETC.-Continued
Corn:
Exports, including mcal§
thous. of bu_.
Grindings
_.
.do
Prices, wholesale:
No. 3, yellow (Chicago) X
dol. perbu__
No. 3, white (Chicago)
do
Weighted avg., 5 markets, all grades .do
Production (crop estimate)
thous. of bu__
Receipts, principal markets
do
Shipments, principal markets
do
Stocks, commercial, end of month
do
Oats:
Exports, including oatmeal§
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu_.
Production (crop estimate)
thous. of bu_.
Receipts, principal markets
do
Stocks, commercial, end of month
.do
Rice:
Exports §
.pockets (1001b.)__
Imports
do
Price, wholesale, head, clean (New Orleans)
dol, per lb._
Production (crop estimate)
thous of bu._.
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
thous. of bbl. (1621b.).
Shipments from mills, milled rice
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
thous. of pockets (100 lb.)_.
California:
Receipts, domestic, rough...bags (1001b.)..
Shipments from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo..bags (100 lb.)__
Rye:
Price, wholesale, No. 2 (Mpls.).-dol. per bu_.
Production (crop estimate)
thous. of bu_.
Receipts, principal markets
do
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)
dol perbu._
No. 2, Red Winter (St. Louis)
do...No. 2, Hard Winter (K. C.)
do....
Weighted av., 6 markets, all grades.-do
Production (crop est.). total
thous. of bu._
Spring wheat
do
Winter wheat
.do
Shipments, principal markets
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States, total
..do
Commercial.
do
Country mills and elevators
do
Merchant mills
_
do
On farms.
_
_.do
Wheat flour:
Disappearance (Rus'l-Pearsall).thous. of bbl-.
Exports§
do
Grindings of wheat
thous. of bu_.
Prices, wholesale:
Standard patents (Mpls.)
dol. per bbl..
Winter, straights (Kansas City).
do
Production:
Flour, actual (Census)
thous. of bbL.
O perations, 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
1,016
9,194
295
9,421
1,370
8,736
1,211
9,514
2,834
9, 676
85
.98
.84
.72
.78
.74
.82
.71
.74
.85
.71
.75
.84
.74
.75
.81
.73
()
* 9,256
.70
.75
.67
25, 755
16,613
64,408
24,846
22,133
60,959
19,244
19,098
53,102
22,123
22, 712
43, 701
18, 776
15,124
40,099
27,496
20,555
39,137
24,041
17,099
40,135
2 10,205
.55
~5~813
3,776
.073
131
92
82
113
224
.37
.37
.36
.37
.46
.44
2 8, 653
2 8, 579
.71
.78
.66
.76
.83
.72
12,672,541
24,354
28,107
15,847
13,193
39,835
47, 946
.48
.53
U,176,107
7,947
9,473
2 10,118
2 9,732
.82
.90
.78
.82
.96
.78
.82
.97
.82
.97
.81
29,494
16,280
50, 311
30,357
15,849
59, 884
24,098
17,524
60,973
30,570
19, 793
b3,363
1,519
5,625
5,670
7,483
5,253
5,893
.070
.54
.58
"~3,~854~
4,571
~~3~396"
3,906
"16"575"
382,981
23,168
320,939
9,173
212,497
25,095
262,096
23,418
224,709
4,709
.049
.048
.047
.044
.041
.043
.049
.064
154,028
.068
.068
" 14," 607*
11, 771
7,328
13,427
•"6,-726" ~~7~652"
11, 562 11,030
2 11,072 2 10,948
.55
5,614
4,642
()
C)
70
171
99
72
312
650
2,191
2,321
2,099
1,148
1,325
681
198
471
837
703
463
548
822
1,278
1,425
1,772
1,700
1,315
1,405
1,256
439
2,050
1,457
861
712
1,683
2,627
3,007
2,508
2,583
1,885
844
422, 998
195,996
549,090
402,817
317,389
123,406
256,626
81,128
297,638
82,137
114,931
72,446
263,460
131,856
316,495
290,089
378, 554
260,941
465,182
137, 749
229, 404
97,631
278.245
162,316
499,885
420, 205
290,831
302,027
302, 587
324,405
379,134
337, 263
354,827
247, 542
210, 534
343,001
374,565
364,795
212,690
.57
.55
.62
.68
.60
.64
.80
.78
.75
.72
3,282
5,486
2,490
5,639
3,758
11,077
6,944
14,637
4,944
17,243
2,603
17,504
2,150
17,645
.68
1 45,191
2,475
17,474
2,115
16,785
1,913
17,029
1,091
17, 551
566
17, 333
4,572
1,414
157,123
2,711
106
2,413
30
3,137
769
178,704
5, 767
3, 771
1.01
1.02
.97
1.00
1.03
1.06
1.08
1.07
1.05
1.14
1.16
1.14
1. .12
1.10
1.13
1.12
1.02
26,611
30,987
17,642
14,086
16,394
429,565 432, 504
406,384
139,513" 151,896 246," 702
73, 240
93,882
87,366
438,088
.69
1,133
17, 240
1.20
1.20
1.15
1.16
.58
.97
.90
.94
12, 861
17,114
398,177
428,235
221,896
36,14.1
8,843
672
39,045
5.84
5.26
5.32
4.32
7,903
54.6
8,596
56.8
9,470
675,411
628, 939
5,250
554
38,819
5.42
4.77
8,552
58.9
9,090
669,141
5,400
4,001
1.23
1.27
1.20
1.15
1945,937
1274,644
1671, 293
14,752
14, 579
1.14
1.17
1.13
1.06
504
39,123
10, 545
425
43, 247
5.42
5.06
5.76
5.36
6.00
5.63
8,918
59.3
10, 332
703,201
8,592
57.2
9,047
674, 351
5,450
5,700
()
44,251
5.75
5.48
1.25
1.31
1.23
1.21
1.24
1.30
1.21
1.19
1.19
1.21
1.15
1.14
10,471
9,155
11,195
12,129
465,608
458,692
420,880
258,570
249,891
446, 983
801,792
237.777
171,432
122,461
270,122
37,560
42, 403
43,611
38, 621
38,194
36, 878
5.88
5.44
6.30
5.74
9,283
61.8
6.48
5.86
6.33
5.74
6.17
5.63
5.95
5.40
9,532
63.5
8,479
63.8
8,378
55.7
8,058
53.6
732, 746
756,199
663, 743
657,985
641,182
8,216
9,495
62.2
65.8
59.6
10, 553
11,170
745, 899 766, 313 650,110
5,900
4, 586
1.28
1.34
1.26
1.20
471,492
987,607
270,835
207,351
135,601
373,820
452,018 476.307 473,995
1,152,108
274," 629" 284,920 280," 588" 276,260
223,975
154,902
488,311
9,765
507
40, 625
185, 815
164, 501
229,407
6,000
""3,~96l
'""4," 662"
LIVESTOCK
Cattle and calves:
1, 684
1,647
2,454
2,022
Receipts, principal markets thous. of animals.
1,728
1,697
1,467
1,741
1,789
1,815
1,624
2,208
1,964
Disposition:
981
1,032
Local slaughter
do
1,013
1,025
1,079
1,198
1,209
1,054
1,129
973
1,094
1,085
1,116
Shipments, total
do
689
624
574
680
956
1,196
605
961
479
816
724
660
612
Stocker and feeder
do
282
228
514
313
328
199
235
580
341
443
310
264
Prices, wholesale (Chicago):
Beef steers..
dol. per 100 lb_.
13. 22
10.23
10.62
11.24
11.73
11.73
11.55
12.57
11.40
12. 60
12.39
12.59
13. 26
11.97
Steers, corn fed
do
13.48
12.01
11.44
11.88
11.93
11.71
11.06
12.75
13.11
12.66
14.09
13.36
11.34
Calves, vealers
do
13.38
13. 50
11.94
12.38
13.50
12.60
12.00
11.13
14.09
13.50
13.13
13.80
Hogs:
2,564
Receipts, principal markets thous. of animals.
2,305
2,542
2,832
2,630
2,036
1,895
' 2,035
3,639
3,704
2,463
2,694
2,638
Disposition:
1,974
Local slaughter
do
1,998
1,707
1,473
1,361
1,905
2,098
2,692
1,488
1,748
2,670
1,995
2,020
Shipments, total
do
587
582
560
529
616
727
935
504
1,033
629
690
'612
710
Stocker and feeder
do
53
54
43
42
45
51
37
52
Prices:
57
52
51
Wholesale, heavy (Chi.) _..dol. per 1001b..
8.97
10.94
10.88
11.42
10.71
10.31
10.51
11.37
14.13
Hog-corn ratio
14.
26
13.51
12.49
12.4
bu. of corn per cwt. of live hogs..
14.8
15.2
13.1
14.7
15.5
15. 7
15.3
14.5
lb.
3
16.9
15.7
r
15.2 not available.
Revised.
1 December 1 estimate.
* For domestic consumption only, excluding grindings for export.
° See note " ° " on page S-26.
* Data
§Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey. JFor monthly data beginning 1913, see table 20, p. 18 of the April 1940 Survey.
S-26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data may be found in the
1940 Supplement to the Survey
1941
1942
May
Julv 1942
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK—Continued
Sheep and lambs:
Receipts, principal markets_thous. of animals.
Disposition:
Local slaughter
do
Shipments, total
..do
Stocker and feeder
_. _.do
Prices, wholesale (Chicago):
Ewes
dol. per 100 lb_.
Lambs
do
MEATS
Total meats:
Consumption, apparent
mil. of lb.
Exports§.. . . . . . .
do
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do_._
Miscellaneous meats
do...
Beef and veal:
Consumption, apparent
thous. of lb..
Exports§ , do.._.
Price, wholesale, beef, fresh, native steers
(Chicago)
dol. per lb
Production (inspected slaughter) thous. oi lb..
Stocks, beef, cold storage, end of mo... d o —
Lamb and mutton:
Consumption, apparent
-do
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Pork (including lard):
Consumption, apparent
do
Exports, total.
_
do
Lard
do....
Prices, wholesale:
Hams, smoked (Chicago)
.dol. per lb..
Lard, in tierces:
Prime, contract (N. Y.)
do
Refined (Chicago)..
do....
Production (inspected slaughter), total
thous. of lb..
Lardf. ..
do....
Stocks, cold storage, end of month
.do
Fresh and cured
do
Lardi
do....
POULTRY AND EGGS
1,928
1,079
853
154
1.779
933
834
150 j
2,023
1,885
!
2,833 ;
1,818 j
1,719
1,791
1,535
241 I
922
1,104
377 |
1,004
1,406
592
1,018
1,820 !
523 |
905
945
379 j
1,016
699
1,036
754
197
907
629
126
1,136
721
164
1,042
819
224
971
924
'2,557
199 I
1,866 I
1,866
4.81
10.44
4.10
11.13
4.41 !
10.75 i
4.84 !
10.88 |
5.14 i
10.98 i
5.22
10.63
10.57
6.06
11.20
6.34
11.88
6.48
11.25
11.00
7.24
11.38
1,285
18
1,327
1,329
1,229
67
1,190
1,233
75
1,260
106
1,222
1,102
73
1,278 |
91 I
1.168 !
1,292
97
1,178
730
64
1,418 I
1,245
1,477 i
1,503 |
1,213
1,282
1,338
1,394
720
73
1,684
903
105
1,728 i
1,097
123
1,271
1,097
116
1,345
1,046
118
1,376
'941
••108
558, 783
1,195
525, 989
978
569. 054
5,473
563, 986
4,029
592,169
3,181
635,550 i 524,974
574,166 | 617,671 | 518,851 J 560,617
598,990
.213
530, 200
100, 242
.175
538, 542
76, 231
. 175
512.112
68.442
.171
565,041
65, 708
.176 i
.176
557.536 ! 580,536
67,489 | 73,366
.173 I
.173
642,731 i 535,884
89,793 I 114,330
.191 |
.198
575,794
605,041
135,478
142,599
61,158
5, 748
65,301
64,752
4,130
54,915
54,458
3, 638
62, 238
61, 853
3,211
60,244 I 62,276
60,364
63,094
3,306 j 4,093
66,453
67,206
4,783
661, 328
14,213
10,697
647,951
51,439
20,101
628,222
80, 005
53,819
653,854 j 637,395
70,508 [ 97,285
44,634 ! 46,976
716,262
.315
.248
.256
.275 I
.285 |
.296
.126
.143
.095
.106
.101
.112
.104
.114
.103 !
.118 j
.111
.128
723, 277 623,078
139,714 115,719
1,172,305 1,086,359
798,455 703, 893
373,850 382, 506
594,970
108, 395
959,146
618,866
340,280
1,374
893
110
782,338
135,081
677,056
558, 392
118,664
Poultry:
Receipts, 5 markets
thous of lb.. 29,762
Stocks, cold storage, end of month
do
80,142
Eggs:
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
6, 904
Shell
thous. of cases..
Frozen
thous. of lb__ 223,316
30, 353
87,433
28,188
85, 573
1,972
1,508
5,375
142,065
6,427
178,594
916 j
72 |
549,836
98,086
773,182
485,108
288,074
28, 723
33, 368
81,206 I 85,363
1,337 !
6,641
195,097
534,503
92, 231
589,322
371,362
217,960
5.44 I
(•) I1,435 i
649 !
64 i
.104 |
.121 |
725,158
127,469
490,694
313,268
177,426
55, 572
64,239
57,244
65,816
6.432 j 7,936
.196 I
.200
.214
513,157
545, 801
566, 213
150,410 | 147,514 |r 126, 884
68, 451
68,781
8,228
61, 813
61, 701
8,122
73,311
73. 422
8,180
664,354 | 838,113 I 816,538
632, 393
648,483
69, 433
68.331
7,108
T
669,803
.265 i
.271 !
.299
.303
.315 |
.104
.120
.106 I
.127 !
.112
.130
.121
.136
125 j
138 ;
800,819 1,042,675 11,053,759
141,579
190,337
203, 206
526,735
655,049
823,129
350, 270 468, 538 613,659
176,465
186,511
209,470
77,720
172,913
876
49,351
35,220
96,701 | 127,981
j
833 |
6,131
194,006
3,857
5,441 I
178,438 j 153,843
1,670
129, 533
84, 224
218,392
587
696,100
128,465
823,169
616,604
206, 565
27, 302
206,120
741,802
| 126,877
! 699,083
I • 572,799
; 126,284
18,624
20,509 \ 23,123
179,083 | 139, 677 I r 96, 716
1,149
915
549
95, 538
725, 295
132, 115
772, 420
590,416
182, 004
.126
.144
331 !
529
76,293 I 73,766
1,689
1,906
1,798 I r 4,638
107,397 T159, 585
TROPICAL PRODUCTS
Cocoa:
Imports§
long tons..
Price, spot, Accra (N. Y.)
dol. per lb..
Coffee:
Clearances from Brazil, total..thous. of bags..
To United States
do....
Imports into United States§
do
Price, wholesale, Santos, No. 4 (N. Y.)*
. 134
dol. p e r l b . .
Visible supply, United States, -thous. of bags..
Sugar:
Raw sugar:
Cuban stocks, end of month
3 f l72
thous. of Spanish tons..
United States:
Meltings, Sports
long tons.. 261,834
Price, wholesale, 96° centrifugal (N. Y.)
.037
dol. per lb_.
Receipts: From Hawaii and Puerto Rico
long tons..
Imports, total §
do
From Cuba._
do
FronPhilir pire Islands
do
164,873
Stocks at refineries, end of month..do
Refined sugar (United States):
Exports
. ... .
long tons..
. 065
Price, retail, gran. (N. Y.)_
dol. per lb..
.055
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii and Puerto Rico.long tons..
Imports, total
_. do
From Cuba . . .
do
From Philippine Islands
do_ _.
Tea, imports
.
thous. of lb..
1,141
968
1,731
34,395
.0799 !
|
627 !
513
1,215 |
.108
2,151
.115 !
2,224 I
. 122 ' .134 !
2,064 j
1,879 |
1,942 I
1,654
36,028
.0795
' 2,192
426,159
405,219
25,218 i 16, 841
24,257 I
.0782 j
.0787 i .0814
454 I
518 I
296 ;
591 |
376 |
444 j
1,422
402.948 ! 417,387
.034
.035
191,473
322, 567
199,483
117,032
608, 701
195,169
239.305
147,705
78,326
654,105
2, 360
.056
.050
3,175
.056
.049
2,482
. 056
.050
14,051
53, 264
48, 993
3,990
11, 190
6,257
54, 551
49,144
5,365
9 752
5,412
27,707
19,477
7,926
10,679 !
.035 I
.037 i
847 i
744
72 i
.134
1,780 |
1,149
() j
.0820 |
706 \
624 !
.0878 !
882 !
768
.0950
.0892
.0890
.0890
1,073
1,001
766
665
680
609
1,006
842
.133
1,327
.134
1,471
.134
1,102
.134
850
.134
852
<•) j
.132
1,580
789
.131 I
1,393 ;
477
459,297 ) 404,252 : 331,299
.036 I
.0935
1,008
970 i
.035 :
.035 j
213
2,084 !
318,644 j 291,839 ; 181,387
.035 j
.037 \
166,355 ! 136,027 i 126,173 \
(«)
!
|
211,202 I 210,190 ; 167.040 i
(«)
i
I
I
127,864 | 143,198 ! 110,468 !
(«)
!
!
!
63,673| 16, 769
13,072
(a)
I
i
352,584
350,074
218,993
653,041 i 506,133
398,901 ! 355,071
7,232 ! 10,253
.057 :
.058
.052 > .052
4.946
19,025
16,036
446
7,766
.059
.052
.059
.052
.060
.052
.064
.053
.037
3,295
271,426 : 319,209
.037
.037
|
!
!
!
| 199,661 I 209,257
179,311
.066
.053
. 066
.053
. 066
.055
1,116
13,220
10, 640
1,962
6,915
MISCELLANEOUS FOOD PRODUCTS
16,209 j 15,399 j 14,629 j 17,994 j 28,251
31 043
33, 336
32, 003
27, 007
Candy, sales by manufacturers..-thous. of dol_
22,830
27, 277
28,914 ! 27 J.79
Fish:
"
I
54,580 I 54,555 | 51,479
54,159
49, 521
42,215
29 522
16 355
13, 853
59,355
Landings, fresh fish, prin. ports.thous. of lb..!
39,153 | 42,493
90,885 102,191 107,574 115,432 117, 805
99 979
Stocks, cold storage, 15th of mo.
do
i 54,255 41,878 ! 55,117 ! 73,432
82 677
62,160 ! «• 49, 079
r
Revised.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively,
of
the
April
1941
Survey.
b
• The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Data not available.
•New series. This series replaces the one for the price of coffee, Rio No. 7 shown previously. Earlier data are shown in table 13, p. 22 of the April 1942 issue,
t"Revised series: revisions beginning January 1937 appear in table 8, p. 18, of the January 1941 Survey; see also note marked "H" which applies to both production and stocks..
^Includes fats rendered from hog carcasses reported beginning November 1940 as "lard" and "rendered pork fat." Figures are comparable with earlier data reported as.
http://fraser.stlouisfed.org/
"lard."
Federal Reserve Bank of St. Louis
S-27
SURVEY OF CURRENT BUSINESS
July 1942
1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
May
1941
May
June
July
August
1942
September
October
Novem- Decem- January February
ber
ber
March
April
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS
—Continued
Gelatin, edible:
Monthly report for 7 companies:
Production..
thous. of lb__
Shipments
- do ,
Stocks
do
Quarterly report for 11 companies:
Production
do
Stocks
- do
2,116
1,940
3,819
TOBACCO
Loaf:
Exports, incl. scrap and stems§ thous. of lb
Imports, incl. scrap and stems§ . . . do
Production (crop estimate)
mil. oflb
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb
DomesticCigar 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
18,455
Large cigars
thousands
457, 767
Mfd. tobacco and snuff
thous. of lb_. 25, 181
Exports, cigarettes§ .
thousands
Prices, wholesale (list price, destination):
Cigarettes, composite price, dol. per 1,000..
5. 760
Cigars, composite price...
do
46. 592
Production, manufactured tobacco:
Total t
Fine cut chewing _
Plug
Scrap chewing .
Smoking
Snuff*
_Twist
-
thous. of lb
.
do _
do
do
do
do
do
2,028
2,055
4,856
1,973
2,025
4,803
1,661
2,248
4,216
1,435
2,006
3,644
7,492
6,563
22, 699
6,526
14,916
6,630
1,774
2,051
3,367
2,155
2,303
3,220
2,271
2,060
3,431
2,081
2,121
3,392
6,329
4, 720
26, 793
6,042
20,975
5,725
2,245
2,094
3,542
2,102
2,126
3,518
8,314
5 026
23,380
7,451
1
2,269
2,147
3,640
2,164
2,162
3,642
8 549
5,139
1 280
3,349
3, 372
3 492
3, 506
404
283
2,527
4
371
258
2,618
4
340
251
2,784
4
434
303
2, 663
4
22
109
21
99
21
91
21
81
17,858
475,067
29, 232
926,183
18, 523
478, 802
27,660
549,338
18.404
487, 033
28, 835
521, 326
17, 777
491,028
27, 462
843,686
18, 761
506, 071
29, 756
433,690
19,632
621,990
32,179
17,141
542, 906
27,376
16, 201
474,913
24, 265
19, 503
458,277
27, 938
16,628
441,805
24, 426
17.016
489, 727
27,919
17,380
503, 536
27, 825
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46. 056
5.760
46.190
5. 760
46. 592
5. 760
46. 592
28, 903
427
4,288
3,524
16, 847
3,441
37fi
28, 469
441
4,229
3,910
16, 288
3,123
478
29, 079
458
4, 560
3,884
16,348
3,347
483
27, 594
505
4,264
4,064
15, 200
3,059
501
30, 499
467
4, 476
3, 962
17,758
3,333
503
32, 712
467
4,710
4,016
19, 341
3, 665
514
27, 570
396
3,810
3,279
16, 631
3,023
430
25, 521
415
3, 769
3,410
14, 070
3,392
465
27,365
415
4,045
3,673
14, 990
3.763
479
25, 072
358
3, 697
3,411
13, 854
3, 265
486
28, 656
411
4, 445
4,117
15, 240
3,916
528
27, 745
398
4,347
3,913
14,782
3,827
478
FUELS AND BYPRODUCTS
COAL
Anthracite:
304
404
309
Exports
thous. of long tons..
223
335
Prices, composite, chestnut:
12.41
12.46
11.88
12.42
12.43
12.48
12.17
11.64
12.49
12.48
11.57
Retail
...dol. per short ton_.
12.48
12.29
10. 301
10. 288
10. 209
10. 301
10. 288
10. 288
9.939
10. 073
9.779
9.807
10.311
Wholesale
do
10. 280
10.114
4,532
5,380
4,772
3,832
4,118
5,246
3,858
5,143
4,681
4,891
Production
thous. of short tons..
4,843
5,085
r 5,153
Stocks, end of month:
414
268
708
1,177
1,393
1,237
915
205
169
292
755
In producers' storage yards
do
656
466
In selected retail dealers' yards
32
59
29
108
58
42
34
53
number of days' supply. _
27
Bituminous:
1,973
2,325
2, 353
2,071
1,511
Exports
thous. of long tons..
C)
Industrial consumption, total
34,978
34, 555
37,192
35,091
32, 400
31, 928
31,199
30,881 31,510
thous. of short tons.. 34, 496
36, 443 • 34, 526
908
959
968
835
1,016
901
1,021
850
957
1,099
Beehive coke ovens
do
1,029
1,024
886
7,050
7,107
6, 814
7,352
7,404
6,871
7,108
6,685
7,451
Byproduct coke ovens
do
7,372
r 7,173
6,855
660
630
676
596
658
628
588
564
647
Cement mills
do
497
571
543
615
128
126
134
143
132
143
149
148
142
Coal-gas retorts
.__do
145
144
153
127
r
5,215
5, 552
5,913
5,532
5,892
5,913
5,154
4,916
5,643
5,101
Electric power utilities
do
4,717
5,011
5,135
8,742
7,799
8,053
8,747
9,226
9,685
8,038
8,879
Railways (class I)
do
9,394
7,755
' 9,189
9,723
7,576
886
833
842
802
984
912
1,046
837
Steel and rolling mills
do
937
819
863
827
957
8,860
10, 600
9,050
11,980
9,020
10,910
12, 700
Other industrial
do
9,240
11,840
9,840
10, 840
11,660
Other consumption:
164
124
129
137
113
Vessels (bunker)
thous. of long tons..
362
334
329
335
313
306
311
347
Coal mine fuel
thous. of short tons..
256
313
260
251
307
Prices:
9.42
9.50
9.24
9.06
9.47
9.51
9.52
8.85
Retail (35 cities)
dol. per short ton..
9.51
9.43
Wholesale:
4.703
4.713
4.704
4.732
4.618
4.658
4. 677
Mine run, composite
do
4.547
4.737
4.570
4.773
4.774
4.753
4.930
4.926
4.724
4.823
4. 883
4.924
4.663
4.618
Prepared sizes, composite
do
4.858
4.819
4.922
4.925
4.897
43, 770
48, 540
43, 840
45, 650
46,880
Production t
thous. of short tons.
43, 400 42, 774 43, 300
48,250
49, 000
47, 400
49,800
46, 667
Stocks, industrial and retail dealers, end of
52,801
56,994
62, 737
61, 763
58,681
56, 885
61,401
37, 483 42,929 47,051
month, total-_
thous. of short tons.. 67,409
57, 221 •61,836
45,011
48,044
52,013
53, 397
32, 583 37, 249 40, 451
51, 501
50,951
50,635
Industrial, total
do
60,609
51, 761 • 55, 746
7,205
7,292
8,326
6,215
8,901
4,725
Byproduct coke ovens
do
8,371
8,179
7,888
5,913
9,176
r 8,409
7,881
660
709
714
634
705
483
720
647
652
559
Cement mills.do
876
813
743
r
296
331
372
285
367
162
364
343
333
301
225
331
Coal-gas retorts
do
293
10, 912
12, 427
11,637
12, 821
8, 991
11,919
12,660
13,455
9,988 10, 431
15,854
14,767
Electric power utilities
do
13,891
8,111
9,726
7,003
8,758
9,548
10, 235
9,788
9,662
6,604
11,473
6,135
10,816
Railways (class I)
do
9,910
723
'757
827
909
908
968
964
1,099
737
995
1,050
720
Steel and rolling mills
do
1,013
17,070
19, 670
19, 400
21,800
19,540
18, 370
17, 650
13, 240 15,160
18, 490
Other industrial
do
11,350
19, 590
18, 030
9,900
9,340
6,600
7,730
5,680
8,950
7,790
9,750
6,250
4,900
6,090
6,800
Retail dealers, total
do
5,460
COKE
54
61
61
Exports
thous. of long tons—
51
64
Price, beehive, Connellsville (furnace)
6.125
6.125
6.125
6.125
6.125
6.125
6.125
6.000
6.000
5.825
dol. per short ton..
6.125
6.000
Production:
r
574
613
532
578
611
647
650
610
655
571
••700
Beehive
thous. of short tons.
564
652
r
r
4,833
4,971
5,186
5,224
4,716
Byproduct
do
5, 059
5,200
5, 276
4, 806
5,014
5,013
'4,852
4,836
154
149
151
121
140
Petroleum coke
.do
91
108
158
134
137
140
144
r
Revised
i Dec. 1 estimate.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
JData for 1938 revised. See p. 45 of the August 1940 Survey.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 issue.
tSee note marked "*" on this page.
*New series. Data are not available on a monthly basis prior to 1941. The total production of manufactured tobacco has been revised to include the data for snuff.
S-28
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
Julv 1942
May
June
July
August
1942
September
October
N ovem- December
ber
January
February
March
April
FUELS AND BYPRODUCTS—Continued
COKE—Continued
Stocks, end of month:
Byproduct plants, total.thous. of short tons..
Alffurnace plants.
..do
At merchant plants
do
Petroleum coke.
do
1,432
975
457
1,405
741
664
385
1,428
849
578
382
1,450
874
577
367
1,612
950
662
372
1,580
881
699
370
1,616
871
745
362
119,435
3,701
1.035
116,976
115,935
4,488
1.110
115,027
121,180
4,657
1.110
118, 251
124, 572
4,319
1.110
121, 354
90
121,481
4,790
1.110
119,446
89
126,772
66,256
65, 735 66, 454 64,729
35, 651 34, 560
36, 221 34,961
218, 355 216, 454 212,132 207, 225
41, 595 43, 526 44, 472 43,483
176, 760 172,928 167, 660 163, 742
1,615
1,934
1,836
1,620
63, 847
34,875
203, 481
41,975
161, 506
1,931
62,941
62,745
63, 378 ' 61, 845 r 61,174 r 60,197 58,149
34, 852 35,082
35, 596 37, 767 39,184 38, 531 38, 737
201,048 200, 602 :03,423 207, 859 213,395 214. 741 210,699
45, 085 43, 387 r 41', 622 40,491
42, 546
42,446
13,154
158,602 158,056 i i 269 162, 774 170,008 173,119 170,208
1,373
825
953
1,821
1,723
1,458
1,668
817
851
390
513
259
1,430
920
509
252
,448
963
'485
201
119, 032 105,776
110,565
104,882
1.110
1.110
1.110
1.110
128, 293 128, 262 113, 961 114,473
76
81
82
1.110
105,053
75
1,708
832
876
228
1,510
817
692
246
1,386
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills)...thous. of bbL.
Imports§
do
Price (Kansas-Okla.) at wells...-dol, per bbLProduction!
thous. of bbl_.
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do
East of California, total}:
do
Refineries!
-do
Tank farms and pipelines?
do
Wells completed!
number..
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbl..
Railways (class I).
do
yessels (bunker)...
do
Price, fuel oil (Pennsylvania)*.dol. per gal..
Production:
Residual fuel oilt
thous. of bbl..
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of Calif
do
Gas, oil and distillate fuels, t o t a l . . . d o . . . .
Motor fuel:
Demand, domestic}
thous. of bbL.
Exportsf
do
Prices, gasoline:
Wholesale, refinery (Okla.).dol per gaL.
Wholesale, tank wagon (N. Y.)f.._do
Retail, service stations, 50 cities*.._do
Production, total!
thous. of bbL.
Benzol?
.do
Straight run gasoline?
do
Cracked gasoline?
...do
Natural gasoline?
do
Natural gasoline blended?
do
Retail distribution*
mil. of gal..
Stocks, gasoline, end of month:
Finished gasoline, totalf.. .thous. of bbL.
At refineries
do
Natural gasoline.
do
Kerosene:
Consumption, domestic.
do
Exports^
do
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per galProduction
thous. of bbl
Stocks, refinery, end of month...
do
Lubricants:
Consumption, domestic?
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per pal..
Production
-thous. of bbl.
Stocks, refinery, end of month
do
Asphalt:
Imports §
sh ort tons.
Production
do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb_
Stocks, refinery, end of month
do...
953
~05S
.055
.161
r 1, 589 r 1,329
5,040
5,147
2,836
2,488
.048
.053
r 1,623
5,339
2,633
.057
r
1,802
5,460
2,661
.058
r 1,674
5,435
2,331
.059
27,994
15, 546
27, 882
14,697
28,624
15, 746
29, 836
15,409
28,118
16,024
20, 891
27. 353
59, 307
1,257
20, 914
30,620
21,909
34,337
23, 562
36, 845
25, 224
39,726
58, 360
1, 184
63, 093
1,212
62,944
1,355
58, 995
2,211
.053
.143
.137
58,258
288
23, 881
28, 908
5,181
3,541
2,432
.058
.149
.138
56, 987
274
23,140
28, 478
5,095
3,648
2,327
.060
.149
.139
59, 609
271
23, 962
30,124
5,252
3,769
2,544
.060
.149
.140
60, 740
277
24,790
30,034
5,639
4,237
2.589
85, 425
57, 357
5,856
82,411
52, 856
6,235
77, 429
49,092
6,317
4,504
118
3,918
101
.054
6,033
8,421
C)
1.110
126,145
121, 539 124,985
1.110
123,355
r 1,740
5,723
«• 1. 9( 0
6,328
1,867
6,495
.050
.058
PC, o71
16, 554
.052
.055
2? 66
16, 230
31,127
17,142
29, 405
16, 902
27.254
15,194
28,095
16, 214
29. 440
14, 002
20. 198
42, 028
25,118
42, 261
1
24, 855 • 14, 567 • 14,055 11,040
30. 205
49, 330 40, 801 33,711
8,664
28. 792
.060
.149
.140
60,167
266
24,039
30,198
5, 664
4,854
2,383
.060
.149
.140
62, 288
296
24, 712
31, 328
5,952
5,123
2,342
.060
.149
.141
61,243
287
24, 244
30, 718
5,994
4,717
2,198
.060
.149
.139
63, 573
323
24, 913
32, 255
6,082
4,622
2,247
.060
.150
.141
60, 035
208
22, 725
30, 324
7,488
5,351
r 1, 983
'68
1,962
73,094
45,463
6,111
72, 761
46, 151
5,373
74, 698
46, 417
4,870
79, 378
49, 351
4,557
86,413
56, 325
4,275
93, 489 100,186
64, 996 72,990
5,209
4,802
99, 184
73, 556
5.620
94,127
67,182
6,043
4,270
95
4,449
52
5,624
2P5
C)
.057
5,218
.059
5,406
10, 635
.062
5,850
11,636
.063
5,949
11, 662
.063
6,355
11, 670
.064
6,443
10, 843
.064
6,682
9,599
.064
6,634
6,987
.063
6,133
6,193
.063
6. 035
5, 460
.063
5,529
5, 630
2,732
3,171
3,074
2,562
2,638
.103
3,322
7,835
.123
3, 520
7,353
.140
3,563
7,107
.143
3,561
7,206
.154
3,427
7,415
.160
3,494
7,487
.160
3,607
7,752
.160
3,554
8,127
.160
3,497
8,266
.160
3,174
8,429
. 160
3, 533
8,470
.160
3,438
8,470
2,452
601,800
964,000
4,366
634,500
841,000
0
687,100
713.000
0
740, 700
605,000
0
680, 200
474,000
57, 400
118,456
54,600
110,481
55/440
101, 434
54, 320
85, 824
66, 360
79,458
* 1,857
6,049
C)
1,532
5,949
.060
.152
.141
51,612
189
19, 226
26.006
1, 304
6, 595
.055
. 153
.113
52, 902
200
20,609
25,629
7, 020
.054
.157
. 144
47, 528
0
18.339
23, 504
6.257
()
0
580,700 466, 500 382, 000 382, 700 428,200 452,900
694,400 512,000 604,000 695, 000 765, 400 740, 700 719,400
451,000
52, 080
60,200
55, 160 52, 920 ol,600
67, 760
75, 467 76, 413 74. 814 72, 800 75,600 75, 040 69, 720
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins§
thous. of lb_.
Calf and kip skins©-thous. of pieces._
Cattle hides©
do
Goat and kid skins©
do
Sheep and lamb skins©
do
Livestock (federally inspected slaughter):
Calves
thous. of animals.Cattle . .
.
do
Hogs . .
.
. .
. . . . do .
Sheep and lambs
do
471
fcS5
4. 3i~()
1,475
56, 267
257
828
4,150
3,651
53, 572
229
823
5, 325
3,232
50, 686
173
731
3,723
4,099
61,899
242
888
3, 265
5,335
48, 944
215
721
3,717
2,371
501
908
4,023
1,551
440
867
3,336
1,378
445
968
3,006
1,569
414
968
2,796
1,522
447
1,004
2,920
1,567
(°)
536
1,119
4,157
1,682
476
941
4,561
1,424
457
1,004
5, 767
1,571
440
1, 057
5,831
1,611
392
891
3,892
1,407
491
929
4,134
1,669
502
956
4,196
1,570
r
Revised.
lExcludes for East Coast district, stocks of "shuttle oil" and stocks transferred to the U. K. poolb board.
§See note marked § on p. S-29.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Publication of data suspended.
•New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p. 14, of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p. 16, of the March 1941 Survey.
fExports of motor fuel revised; for data for 1913 to 1939, see table 54, p. 16, of the December 1940 Survey; for data for all months of 1940, see note marked "f" on p. S-28
of the August 1941 Survey. Data beginning January 1941 include mineral spirits; the comparability of the series is affected to a negligible extent by the inclusion of this item.
For revised series on wholesale tank wagon (N. Y.) price of gasoline, see table 6, p. 18, of the January 1941 Survey. Gas and fuel-oil consumption in electric power plants
revised for 1941. Revisions not shown above are as follows: January, 1,752; February, 1,587; March, 1,675; April, 1,658.
?Revised data for 1939 appear in table 1, p. 17, of the January 1941 Survey. Beginning January 1942 figures for the production of natural gasoline include total sales of
liquefied petroleum gas as follows (thousands of barrels): January, 710; February, 577; March, 556; April, 572. The amount of such sales has not been included in the total
production of motor fuel. Prior to 1942, an indeterminable amount of liquefied petroleum gas sales has been included in total motor fuel and natural gasoline production.
revised beginning 1940. See note on p. S-28 of the June 1942 Survey.
•Data
©Data are here reported in pieces instead of pounds as shown in the Survey prior to the April 1942 issue; earlier data in pieces will be shown in a later issue.
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-29
SURVEY OF CURRENT BUSINESS
July 1942
1942
1941
May
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
LEATHER AND PRODUCTS—Continued
HIDES AND SKINS-Continued
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb.
Calfskins, packers', 8 to 151b
do...
LEATHER
Exports:
Soleleather§
thous. of lb.
Upper leather§
_
thous. of sq. ft.
Production:
Calf and kip
thous. of skins.
Cattle hides
_
thous. of hides.
Goat and kid
thous. of skins.
Sheep and lamb}
...do...
Prices, wholesale:
Sole, oak, bends (Boston)*
dol. per lb.
Chrome, calf, B grade, black composite
dol. per sq. ft.
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides.
In process and
finished
-do...
Raw
do...
LEATHEE 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 pairMen's black calf oxford, corded tip...do...
Women's colored, elk blucher..
_do._.
Production, boots, shoes, and slippers:
Total
thous. of pairs.
Athletic
do...
All fabric (satin, canvas, etc.)
do_._
Part fabric and part leather.
do...
High and low cut, leather, total
do...
Government shoes*
do...
Civilian shoes:
Boys' and youths'...
do...
Infants'
do...
Misses' and children's
...do...
Men's
do...
Women's
do...
Slippers and moccasins for housewear
thous. of pairs.
All other footwear
.do...
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
1,084
2,405
4,113
4,508
1,209
2,675
4,568
4,796
1,014
2,445
3,837
4,408
1,048
2,572
4,441
4,303
922
2.666
4, 226
4,163
974
2,502
4,005
4,555
1,040
2, 629
4,414
1,006
r 2, 684
r 4, 320
' 4, 552
.431
.441
.444
.447
.448
.448
.448
.508
.510
.516
.522
.525
.529
'.531
.531
13,174
8,414
4,760
13, 226
8,323
4,903
13,186
8,223
4,963
13, 698
8,307
5,391
14, 020
8,569
5,451
14, 021
8,691
5,330
0.147
.245
0.153
.234
0.150
.218
0.150
.218
0.153
.218
14
4,321
77
2,268
11
4,363
24
4,889
1,368
3,346
981
2,581
3,631
4,998
1,033
2,274
3,654
4,698
1,098
2,253
3,986
4,438
1,170
2,392
4,275
4,633
1,181
2,391
3,374
4,789
.449
.412
.425
.428
.529
.503
.518
13,057
8,568
4,489
13,291
8,580
4,711
r
4,462
.449
.453
.529
.531
•14,223 • 14, 052
r S, 958 ' 8, 923 13,413
8,900
5,129
5,265
•12,747
r 8, 879
' 3,868
4,513
279,927 266,124
175, 278 158,837
104,649 107, 287
249,533
147, 718
101,815
258, 325
155,695
102, 630
291,995
179, 205
112, 790
246, 329
161,285
85, 044
283, 285 242,441 193, 808 185, 111 225, 746 252, 058 264, 543
172, 898 144,197 106, 273 108, 080 139,856 159,296 161,845
110,387 98, 244 87, 535 77, 031 85,890 ' 93,362 102,698
221
158
148
309
198
6.75
4.61
3.60
6.15
4.35
3.30
6.15
4.35
3.30
6.23
4.35
3.45
6.25
4.35
3.55
6.25
4.35
3.55
6.36
4.35
3.55
6.40
4.39
3.55
6.40
4.40
3.55
6.40
4.55
3.56
6.40
4.60
3.60
6.40
4.60
3.60
40,410
421
475
881
33, 866
3,449
41,853
437
594
910
34, 766
1,149
40,463
471
300
854
33, 231
1,215
45, 237
509
258
684
38, 219
1,215
45,465
516
225
816
37,885
1,360
43, 815
512
273
1,017
35, 558
1,324
45,704
555
271
1,004
36,906
1,474
34, 795
478
223
852
27, 644
1,170
38,451
442
337
1,052
32,654
1,737
39,828
358
436
1, 352
34, 899
2,223
40, 006
377
454
1,356
34,110
2,336
45,106
572
643
1,247
38,220
2,954
1,376
2,178
3,346
8,584
14,932
1,664
2,289
3,833
10,184
15, 647
1,683
2,549
3,872
9,734
14,177
1,825
2,558
4,251
10, 291
18,079
1,696
2,487
4,052
10,355
17,935
1,812
2,403
4,025
10,473
15, 522
1,910
2,585
4,378
11,931
14,627
1, 399
2,163
3,491
9,600
9,821
1,535
2,296
3,888
10,410
12, 789
1, 393
2,146
3,805
9,871
15,461
1,410
2,029
3,659
9,368
15, 308
1,513 r 1, 526
2, 340 ' 2, 372
3,760 '3,751
9,640 r 9, 730
18,013 ' 17,127
3,500
1,267
3,993
1,153
4,474
1,134
4,892
675
5,588
435
6,019
436
6,516
453
5,164
434
3,509
459
827
2,674
1,036
3,297
1,127
6.75
4.65
3.60
' 45, 590
020
535
'1,056
' 38, 362
' 3, 858
r
3,607
' 1,410
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ft.
Sawed timber§
do...
Boards, planks, scantlings, etc.§
do...
Imports, total sawmill products
do...
National Lumber Mfrs. Assn.:f
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...
Douglas fir: SOFTWOODS
Exports, total sawmill products§...M bd ft..
Sawed timber §
do...
Boards, planks, scantlings, etc.§
do...
Prices, wholesale:
Dimension, No. 1, common*
dol. per M bd. ft.
Flooring, B and better, F. G., 1 x 4, R. L.*
dol. per M bd. ft.
T
84, 272 61,793
51,163
7,250
7, 557 11,371
67,635 46, 586 34,090
135,018 178,887 152,190
53,308
4,399
40,168
95,057
51,977
7,404
37,422
115,745
2, 6*0
379
2, 301
2,955
415
2, 540
5,004
1,313
3, 691
2,834
385
2,449
2,830
413
2,417
6,711
1,522
5,189
2,786
385
2,401
2,875
420
2,455
6,650
1,488
5,162
2,946
383
2,563
3,115
428
2,687
6,489
1,444
5,045
3,113
387
2,726
3,236
416
2,820
6,357
1,414
4,943
2,926
387
2,539
2,986
423
2,563
6,294
1,377
4,917
2,958
403
2, 555
3,016
436
2,580
6,231
1,343
4,888
2,505
372
2,133
2,438
374
2,064
6,317
1,340
4,977
2,503
382
2,121
2,491
371
2,120
6,348
1,355
4,993
'2,316
376
' 1, 940
'2,535
381
' 2,134
6,110
1, 349
4,761
' 2, 246
372
' 1, 874
"2, 487
369
r
2, 118
•5, 903
1, 353
r
4, 550
' 2, 404
361
r 2, 043
r 2, 735
368
r 2, 367
' 5, 595
1,346
r
4, 249
7,200
8, 750
7,150
8,860
12, 000
9,300
11,175
9,000
9,500
17, 750
10,350
11,450
8,750
10,125
16, 675
12,800
13,925
8,200
10, 325
14,800
9,050
13,175
8,950
9,800
13,425
7,000
11, 500
7, 600
8,800
12, 200
7,650
10,900
8,900
8,300
12,850
5,050
8,900
7,500
7,150
13,100
7,225
9,050
8.075
7,350
13, 625
7,775
9,975
7,175
7,075
14,075
7,150
600
7 550
7, 100
14, 250
8,575
10, 550
7,275
7, 500
14,000
7,300
10,125
7,500
7,700
13,850
27,732
37,488
36, 283
32, 917
66,699
54, 442
78,173
46, 761
50, 358
65, 533
53, 489
79, 516
48, 686
52,146
61, 580
60, 524
81,988
51,865
57,150
51, 038
44,781
74, 305
49, 925
53, 464
44, 962
36,363
60,460
47,432
48,939
41, 955
40,080
52,446
49, 227
48,094
43,088
28,102
42, 549
40,910
38, 014
48, 278
34, 286
42, 035
42, 697
35,100
55,875
40, 749
46, 235
41, 647
36, 549
60, 673
39, 369
48,097
36, 719
37, 788
58,601
34,972
45,481
38,691
37, 588
59,704
32, 560
42, 673
40,656
37, 027
63,333
13,435
3,563
9,872
19,901
5,940
13,961
18, 743
6,615
12,128
28,069
7,915
20,154
19,970
5. 580
14, 390
32. 340
24.980
24.990
25. 970
25.970
27.146
28. 665
28. 910
29.498
32.095
32. 340
32.340
32. 340
44.100
35. 280
35. 280
36. 260
36. 260
38. 808
41.160
41.160
42. 336
44.100
44.100
44.100
44.100
2,645
386
2,259
3,087
383
2,704
5, 235
1,349
3,886
Revised.
§Data for 1939 revised; for exports
see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 Survey.
a
JData beginning 1940 include fleshers and exclude skivers.
The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
jRevised data for 1939 appear in table 17, p. 17 of the May 1941 Survey; revisions for 1940 will be published in a later issue.
•New series. The price series on sole, oak, bends at Boston replaces the series shown in the Survey through the March 1942 issue for sole, oak, scoured backs at Boston.
Earlier data will be shown in a subsequent issue. Separate data for leather shoes made under Government contracts are available beginning 1941. These shoes include, for
the most part, men's dress and semidress and work leather shoes. However, a small number of pairs other than men's leather (nurses, athletic, etc.) made for Government
contract
are included. The total has been included with men's leather shoes in issues prior to the April 1942 Survey. Data beginning 1922 for the new series on lumber prices
Digitized for appear
FRASER
in table 16, p. 17, of the May 1941 Survey.
S-30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
Julv 1942
1941
1942
May
May
July
June
August
1942
September
October
Novem- December
ber
January
February
March
April
LUMBER AND MANUFACTURES—Continued
SOFTWOODS-Continued
Southern pine:
Exports, total sawmill products
M bd. ft_.
Sawed timber
do
do
Boards, planks, scantlings, etc
Orders, new!
.mil. bd. ft..
.
do .
Orders, unfilled, end of month
Prices, wholesale:
Boards, No. 2 common, 1 x 8 *
dol. per M bd. ft._
Flooring, B and better, F. G., 1 x 4 * . do
Production!
mil. bd ft
do
Shipments!
do .
Stocks, end of month
Western pine:
do
Orders, new! _
do.. .
Orders, unfilled, end of month!.
Price, wholesale, Ponderosa, boards, No. 3
common, 1x8*
dol. i3er M bd. ft
Production!
mil. bd. ft
do
Shipments!
do . .
Stocks, end of month ______
West coast woods:
do.. .
Orders, new!
Orders, unfilled, end of month
do
do
Production!
do . .
Shipments!
. .
do
*" Stocks end of month
Redwood, California:
Orders, new
. . . M bd.ft..
do
Orders, unfilled, end of month
Production
do....
do
Shipments
do . ..
Stocks, end of month _ . . .
FURNITURE
All districts:
Plant operations
percen , 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
do .
Dininc-room chairs, set of 6 .
Kitchon cabinets
..
do._..
Livine-room davenports
_do
Steel furniture (see Iron and Steel Section).
C)
795
887
12, 573
259
12, 314
970
646
12, 679
1,159
11,520
1,076
824
45, 111
586
44, 525
1,216
952
16, 941
3,104
13,837
893
762
10,486
1,471
9,015
885
715
(°)
861
633
771
603
800
621
1, 050
796
868
858
974
940
995
943
30. 000
47. 000
782
851
938
30.813
48.990
962
904
1,795
30. 283
49.580
850
898
1,747
31. 946
51.630
931
1,088
1,590
34. 550
54.978
949
1,083
1,456
33.050
52. 782
898
932
1,422
31.013
52.050
896
943
1,375
30.813
52.393
824
801
1,398
30. 804
53.596
809
782
1,425
30. 620
54. 330
825
875
1,375
30. 653
54.708
738
806
1,307
30. 770
53.798
787
892
1,202
30. 000
51. 000
797
992
1,007
553
630
560
535
637
628
607
642
523
554
543
479
542
401
387
345
491
421
516
519
'345
464
r
477
••472
667
609
31. 35
487
533
1,229
27.68
570
516
1,523
27.55
614
543
1,593
28.03
673
593
1,665
29.37
684
611
1,733
29.97
661
619
1,775
30.73
636
620
1,788
30.71
436
443
1,779
30.42
357
415
1,721
30.73
263
418
1,566
31.46
r
278
MOO
' 1, 444
31.52
359
••469
r 1,334
31.04
469
529
1,275
958
1,097
770
863
835
797
787
672
754
867
771
814
703
761
838
776
883
700
722
831
705
772
822
834
819
679
699
742
741
821
671
607
787
760
854
590
587
678
617
929
946
827
747
719
971
••765
926
-"637
'623
991
710
894
658
692
968
750
891
682
742
929
1,030
1.029
747
877
875
421
493
835
461
358
42,918
64, 684
39, 940
37 700
246, 446
43,026
65, 422
42, 646
40, 810
246, 431
30, 391
55, 204
47, 272
42, 221
244,169
27, 665
44,532
43, 703
39, 068
242, 763
31,540
37,142
45, 658
38 318
243, 225
26, 781
34, 860
38, 671
29.910
248, 440
29, 688
41,696
30, 698
22, 877
253.061
41, 252
49, 873
35, 642
32, 292
249, 176
40, 942
61,104
33,128
30 208
249,377
55. 566
75, 009
38, 808
43 560
240, 342
78.0
75.0
82.0
82.0
87.0
88.0
90.0
87.5
82.0
79.0
83.0
79. 0
"9. 0
10.0
23
53
78.0
22
4.0
32
54
74.0
20
4.0
26
62
78 0
20
3.0
35
70
77.0
25
3.0
27
72
82.0
28
3.0
33
76
84.0
32
4.0
30
75
88.0
32
5.0
33
75
88.0
27
15.0
15
59
86.0
28
8.0
22
59
81.0
24
7.0
20
58
82.0
22
8.0
18
50
75.0
25
5.0
29
58
79.0
21
101.0
118.9
102. 6
104. 2
87.2
103.9
' 93.4
87.2
93.0
103 9
94 4
93 3
95.0
105. 5
97.4
93.3
93.5
108.2
97.4
93 3
96.1
108.2
99 3
98.9
96.3
111.6
102.0
104.2
98.0
113.6
102.0
104.2
101.2
115.0
102.0
154.2
101.2
118.9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
118.9
102 6
104.2
101.0
118.9
102.6
104. 2
38.15
4,708
2, 643
2,065
3, 455
1,170
2,285
5,221
2, 956
2, 265
3, 460
1, 114
2,346
5, 156
2,919
2,237
3,682
1, tO5
2, 577
39,445
46.
64, 152
58,
37, 397
39,
40
41 205
220, 602 249,
39,
66.
37,
46
228,
407
073
960
5fi2
068
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 tonScrap:*
Consumption, total
thous. of short tons.
Home scrap
do...
Purchased scrap
do...
Stock, consumers', total
do...
Home scrap..
do...
Purchased scrap
do...
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons..
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Imports, total
do
Manganese ore, imports (manganese content) §
thous. of long tons..
472,734
62,894
5,633
3,758
38.15
38.15
» 15,613
18,611
17, 002
5,051
1.550
3,501
7.240
12,677
25,199
22,310
2,889
697, 732
80, 255
18, 380
16, 405
706, 580
65, 486
8, 489
4, 259
3$ .15
3£ .15
3£ .15
38.15
38.15
026
744
282
911
473
438
5, 140
2,792
2, 348
4, 814
1, 504
3, 310
5, 072
2, 783
2,289
' 4 , 515
' 1, 469
3,046
5,582
3,145
2,437
4,089
1,322
2.767
5,010
2,824
2,186
3,829
1,232
2,597
6,612
9,596
43,946
38,852
5,094
6,501
7,661
45, 535
40, 245
5,290
457, 685 537, 921
59, 905
59,018
10,190
11, 049
6,473
9, 418
5,
2.
2,
4,
1,
3,
6,232
11,081
21,817
19, 551
2,266
180
6,231
10,790
26,630
23,919
2,710
225
6, 497
11, 390
31 597
28 257
3 341
196
6, 534
11 496
36, 469
32 457
4 012
223
53
50
33
65
6
10
40
36
4
448
312
770
106
664
206
5.078
4, 956
2,873
2,822
2,205 r 2.134
r 3, 802
3, 503
1,167
1. 145
r 2, 635 ' 2, 358
7,062
835
40, 457
35,563
4,894
7. 158
0
33, 919
29, 627
4,292
6,403 r 7, 109 r 7. 007
793
0
7,857
27, 526 • 20, 190 ' 20, 065
23,835 • 17. 561 ' 17.536
2,629 | 2,529
3,691
62
Pig Iron and Iron Manufactures
Castings, malleable:
64 283
56,587 105, 556 66, 292 62, 979 jr r 60, 398
68 945
70, 528 60,745
Orders, new
short tons.. 54,219
83, 218 75,075 77 312
69.737 r71,256
68, 741 65,140
69,175
84, 296 66, 738 71,311
60, 696 70, 278 71,209 67 010
68 570
Production
.do.
65. 866
68, 459
68,983
70, 744 65, 217 62,724
64
67
532
82,004
61,783
68 310
250
71, 740 70,179
Shipments
do.
Pig iron:
4
5,049
4,944
4
665
4,
766
5,020
i13,692
4 670
822
4, 997
4, 554 5, 100
Consumption
tbous. of short tons.
Furnaces in blast, end of month:
159.270
162,285 ! 164,675
151,000 153,600 153 190 155 020 157 165 156,265 156,855 162,140
Capacity
short tons per day.
217
214
216
220 I
220
211
213
206
211
Number
215
216 I
0
b
r
Revised.
The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Discontinued by compiling agency.
1
Data are for the quarter ended June.
§ Data for 1939 revised; for exports, see table 14, p. 17, and for imports see table 15, p. 18 of the April 1941 issue.
f Revised series. Revisions for southern pine, western pine, and west coast woods for 1939 (also revisions for 1938 for the latter group), appear in table 17, p. 17 of the
May 1941 issue. Revisions for 1940 and January 1941 will be published in a subsequent issue.
*New series. The new lumber prices replace series shown in the Survey, through the March 1942 issue; data beginning 1926 are shown in table 11 (southern pine), and
table 12 (Ponderosa pine), p. 22, of the April 1942 issue. Earlier data on consumption and stocks of scrap iron and steel and consumption of pig iron not shown in the April
1942 Survey will appear in a later issue.
S-31
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
May
June
July
August
1942
September
October
January
Novem- December
ber
February
March
April
METALS AND MANUFACTURES—Continued
I
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Con.
Pig iron—Continued.
Prices, wholesale:
Basic (valley furnace)
dol. per long ton.
Composite
do...
Foundry, No. 2, northern (Pitts) do_-_
Production!
thous. of short tons.
Stocks, consumers', end of month* d o . . .
Boilers and radiators, cast-iron:
Boilers, round:
Production
thous. of lb.
Shipments
do. - .
Stocks, end of month
do.-.
Boilers, square:
Production
do_._
Shipments
do...
Stocks, end of month
do...
Radiators and convectors^
Production.thous. of sq. ft. heating surfaceShipments
do...
Stocks, end of month
do...
Boilers, rar ge, galvanzied:
Orders, new, net
number of boilers.
Orders, unfilled, end of month
do...
Production
do...
Shipments
do._.
Stocks, end of month
do...
23.50
24.15
25.89
4,553
1,834
23.50
24.15
25.89
4,771
1,964
23.50
24.15
25.89
4,791
1,940
23.50
24.15
25.89
4,717
1,874
23. 50
24.15
25.89
4, 856
1,655
23.50
24.15
25.89
4,703
1,570
23.50
24.15
25.89
5,012
1,581
23. 50
24.15
25.89
4,971
1,473
23.50
24.15
25.89
4,502
1,400
23.50
24.17
25.89
5,113
1,286
23.50
24.20
25.89
1,741
1,474
15, 096
1,863
2,003
14,951
1,936
2,669
14,024
2,148
2,741
13, 405
2,091
3,483
11,912
1,133
1,922
11,168
1,115
1,448
11,182
732
1,484
10,146
754
1,408
9,493
1,012
1,083
9,421
1,071
938
9, 554
11,494 25, 254 25,319
10,420 16, 861 20,382
93, 749 125, 448 130,339
21,514
26,426
125, 376
26, 505
38, 894
113,130
27, 591
34,899
105, 759
29, 461
37, 360
97, 896
21,104
24,502
93, 669
19, 642
17,380
92,998
18,756
17,044
94, 832
17, 773
19,081
93,525
16,214
15,789
93,950
15,026
16,301
92, 675
23.50
24.20
25.89
905
785
9,073
23.50
24.15
25.89
4,600
1,826
1,167
14,834
1,232
4,317
4, 570
17, 002
7,385
5, 621
32,140
7,133
6,453
32,817
6,151
8,671
30,263
7,098
11,696
25, 584
7,675
10,901
22, 394
8,267
10, 494
20,154
5,787
7,695
18, 271
6,763
7,390
17, 567
6,717
6,175
18,106
6,199
6,781
17, 524
6,445
5, 656
18,313
5,399
6,384
17,328
31,458
62, 709
33, 627
37, 633
12, 382
89,159 105, 076
52, 966 72, 258
81,495
80,023
82, 641 85, 784
37, 295 31,534
85,077
77, 809
72,970
79, 526
24, 978
68, 854
86,451
63, 729
60,212
28, 495
80,046
101,016
58, 635
65, 481
21,615
74, 581
101, 609
69,972
73, 988
17,599
52, 605
93, 966
58, 810
60, 248
16,411
41,343
80, 844
55, 856
54, 465
17,785
42, 781
72, 366
50,557
51, 259
17.212
53, 809
77,190
49,217
48, 985
17,444
62,010
76, 750
64,847
62, 450
19, 841
38,014
68,884
42, 427
45,880
16,388
150, 551 179, 880
153.7
128.6
35, 723 54, 409
134,778 133, 726
114.3
115.2
46, 357 45,013
211,081
180.4
43,997
146, 507
125.2
48, 335
191,195
163.4
26, 558
149,625
127.8
45,158
7,393
7,122
98
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons..
Percent of capacty
Railway specialties
short tons..
Production, total
.do
Percent of capacity
Railway specialties
short tons..
Steel ingots and steel for tastings: f
Production
thous. of short tons.
Percent of capacity!
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol. per long tonStructural step] (Pittsburgh)
dol. per lb_.
Steel scrap (Chicago)
dol. per long ton..
U. S. Steel Corp., shipments of rolled and
finished steel products!..thous. of short tons..
153,143
130.8
70.191
104,971
89.7
37.192
161,512
138.0
80, 065
113,988
97.4
45, 073
175,892
150.3
77, 669
112, 364
96.0
43, 320
147, 316
125.9
52, 207
117,703
100.6
44, 290
115,066
98.3
32, 882
118. 543
101.3
43, 995
117,516
100.4
32,935
135,272
115.6
49,891
84, 534
72.2
16, 549
104,605
89.4
33, 383
113,034
96.5
26, 839
131,518
112.4
45, 640
7, 045
6,793
98
6,812
93
6,997
96
6, 812
96
7, 236
99
6,961
98
7,150
98
7,125
95
98
6,521
96
.0265
.0265
.0265
.0265
.0265
. 0265
.0265
.0265
. 0265
.0265
.0265
.0265
. 0265
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
. 0210
18. 75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
. 0210
18.75
1,834
1,745
1,669
1,667
1,754
1,664
1,851
1,624
1,846
1,739
1,617
1,781
1,759
1,551
1,780
97.6
1,796
34
890
1,584
86.8
1.582
39
1,214
1,619
88.8
1,619
39
1,317
1,558
85.4
1,549
48
1,497
1,590
87.1
1,600
37
1, 492
1, 713
93.9
1,711
40
1,850
1,781
97.6
1,777
43
1,762
1,586
86.9
1,604
25
2,047
1,859
101.9
1,851
34
2,149
1,952
107.0
1,954
36
2,230
1,845
101.1
1,848
34
1,893
2,416
132.4
2,420
29
1,797
2,067
113.3
2,046
50
3,270
1,343
2,560
1,372
1,586
1,415
2,270
1,601
1,411
1,246
1,747
1,131
1,341
957
3,755
1,310
1,929
997
• 2,813
' 1,010
2,371
1,035
9,709
2,824
3,736
1,596
2,908
3,414
4,204
4,667
5,579
4,298
5,851
7,335
4,095
4,981
7,939
4,349
4,598
8,085
4,452
3, 932
7,786
4, 314
3,896
7,329
4,352
3,422
6,840
3,912
4,612
7,105
4,338
4,490
7,335
4,236
3,194
6,340
4,188
3, 751
5,530
4,560
2,755
4,155
4,130
1,606
2, 763
1,115
1,278
1,454
1,207
1,525
1,850
1,130
1,182
1,932
1,082
999
1,765
1,166
1,284
2,022
1,027
987
1,837
1,173
858
1,678
1,016
888
1,365
1,058
1,082
1,405
1,042
1,094
1. 490
994
1,510
1,870
1,130
1,418
2,273
1,015
5,491
355
5,511
375
5,608
366
5,807
338
5,802
348
6,208
321
5,371
276
5,598
292
5,143
290
5,289
295
5,841
341
5, 560
5,085
471
461
479
91.9
185
1,140
103.9
4,754
439
449
466
92.2
168
999
93.8
4,919
443
480
482
90.6
151
991
90.4
5,234
447
485
532
99.7
146
1,018
92.4
5, 059
431
464
519
112.2
127
954
88.5
5,471
503
531
587
124.1
161
1,053
94.1
4,909
456
415
564
122.8
135
945
87.5
5,144
490
484
629
132.6
144
889
80.1
5,170
511
446
700
118.2
133
895
81.7
4,762
485
419
726
134.8
122
765
77.5
5,273
563
465
838
139.5
171
857
77. 7
107
160
406
287
434
11,012
102
154
373
292
417
11,210
99
137
366
332
404
10, 642
106
130
391
360
434
10, 236
104
134
372
325
420
10, 4E9
110
136
407
342
432
12, 403
101
140
381
323
396
11,711
106
135
369
367
398
12, 247
101
138
403
317
407
10, 266
83
119
354
261
352
13, 650
82
119
392
264
403
14,107
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands.Production
do
Percent of capacity©
Shipments
thousands..
Stocks, end of month
do
Boilers, steel, new orders:
Area
thous. of sq. ft..
Quantity
number.
Furniture, steel:
Office furniture:
Orders, new
thous. of dol
Orders, unfilled, end of month
do
Shipments
do
Shelving:
Orders, new
do
Orders, unfilled, end of month
do
Shipments
do....
Porcelain enameled products, shipments!
thous. of doL
Spring washers, shipments*
do
Steel products, production for sale:f
Total
thous. of short tons..
Merchant bars
do
Pipe and tube
do
Plates
do.-..
Percent of capacity*
Rails
thous. of short tons.
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..
r
14,349
13,002
Revised.
©Data for 1941 revised after a special survey of the industry; for revised figures for all months of 1941, see p. S-31 of the May 1942 Survey.
^Data for 1941 and 1942 include convectors and convector-radiators. Data for these items are included in part in earlier figures published in the Survey; 1940 data revised
to include these items for all reporting firms will be published later.
•Data cover 9 firms beginning December 1941; the increase in reporting firms from 7 to 9 in late 1941 did not materially affect the coverage of the data.
{Monthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
§Beginning January 1942, percent of capacity is calculated on annual capacity as of December 31, 1941, of 88,566,170 tons of open-hearth.. Bessemer, and electric steel ingots
and steel for castings; data for July-December 1941 are based on capacity as of June 30, 1941 (86,144,990 tons), and earlier data on capacity as of December 31, 1940.
tRevised series. Data on pig-iron production beginning 1913 are shown in table 38, p. 14, of the October 1940 issue. For data on steel production beginning 1917 and
percent of capacity beginning 1926 through 1939, see table 9, p. 16, of the March 1941 issue, and for subsequent 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. For steel products, production for sale beginning
1933, see table 45, p. 14, of the November 1940 issue.
* Earlier data on pig-iron stocks not shown in the April 1942 Survey and earlier data on percent of capacity for steel plates not shown in the September 1941 Survey will
be published in a subsequent issue.
S-32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
1941
May
SepAugust tember
May
June
July
July 1942
1942
October
Novem- December
ber
January
Febru- March
ary
April
METALS AND MANUFACTURES—Continued
NONFERROUS METALS
Metals
Aluminum:
Imports, bauxite
long tons,.
Price, wholesale, scrap, castings (N. Y.)
dol. perlb..
Bearing metal (white-base antifriction), consumption and shipments, total (60 manufacturers)!
thous. of lb_.
Consumption and shipments, 38 mfrs.0
Consumed in own plants.
do
Shipments
do
Copper:
Exports, refined and mfrs.§
short tons..
Imports, total§
do
For smelting, refining, and export §.. .do
For domestic consumption, total* do
Unrefined, including scrap*
do
Refined*
do....
Price, wholesale, electrolytic (N. Y.)
dol. perlb..
Production:
Mine or smelter (including custom intake)
short tons..
Refinery
do
Deliveries, refined, total...
..do
Domesticcf
do
Export
.do
Stocks, refined, end of month
do
Lead:
Imports, total, ex. mfrs. (lead content) - -do
Ore:
Receipts, lead content of domestic ore. do
Shipments, Joplin district}
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. perlb.
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)0
do
Imports, total (tin content)*
do
Ore (tin content)*
do
Bars, blocks, pigs, etc
do ...
Price, wholesale, Straits (N. Y.)--dol. per lb..
Visible supply, world, end of mo, Jong tons.
United States (excluding afloat)
do....
Zinc:
Imports, total (zinc content)*
short tons.
For smelting, refining, and export*...do....
For domestic consumption:
Ore (zinc content)*
.do
Blocks, pigs, etc., and old*
do
Ore, Joplin district:}
Shipments
short tons.
Stocks, end of month
do
Price, wholesale, prime, western (St. Louis)
dol. per lb.
Production, slab, at primary smelters:t
short tons.
Shipments, totalj
do...
Domestic*
.do
Stocks, refinery, end of montht.
--do
49,732
121,484
95,794
90,960
86,462
.1100
.1100
.1100
.1100
.1100
.0936
.0931
.0938
.0873
.0869
.0875
.0875
3,541
6,480
6,378
5,538
5,767
5,830
5,621
4,754
4,753
5,506
3,745
4,599
3,512
528
1,711
991
2,874
750
2,806
699
2,838
983
2,696
911
3,066
757
2,931
723
2,548
813
2,399
697
2,795
562
1,885
594
2,198
667
1,418
12,285
54,981
9,637
45,344
23,083
22,261
8,120
41,472
8,996
32,476
16,969
15, 506
11,077
69,838
16,470
53,368
16,233
37,135
10, 589
71,153
13, 373
57,780
19,872
37,907
10,198
70, 581
15,546
55,034
20,063
34,971
.1178
.1182
.1181
.1181
.1178
.1178
.1178
.1178
.1178
.1178
.1178
.1178
.1178
101,683
98,632
134,079
134,079
0
77, 383
90,342
89,390
148,301
148,301
0
93,076
82, 558
88, 560
121,373
121,331
42
98,164
82,099
86,879
150,111
150,078
33
74,384
84,695
85,426
119,937
119,937
0
71,930
81,839
81,553
125, 585
125, 585
0
63,670
86,019
86,617
126,766
126,622
144
67,260
84,718
84, 799
124,645
124,645
0
72,352
88,463
89,940
138. 585
138,585
0
75,564
88, 254
90,017
130,467
130,467
0
81,371
80,148
81, 724
107,616
107,616
77,329
92,106
89, 552
111,062
111,062
0
79, 537
r 94, 295
90,672
106, 701
106, 701
0
83, 789
40,553
33,374
22,160
47, 891
65,401
3,638
38, 779
3,653
37,155
3,824
36,464
5,482
38, 228
4,576
38, 259
5,603
39,390
3,883
40,930
4,291
40, 901
4,977
43,224
3,231
41,828
3,690
43,397
5, 576
43,171
2,348
.0650
47, 781
52,874
29, 707
.0585
46,104
69,382
34,018
.0585
38, 669
57,969
24, 265
.0585
42,048
54,067
19,172
.0585
39,100
55,005
15, 330
.0585
41,373
47,093
13,148
.0585
37, 221
43, 537
10,735
.0585
41,566
45,980
13.671
.0585
48,829
50,680
20.185
.0628
43, 307
53,037
20, 531
.0650
45, 633
45,920
24,830
.0650
50, 919
57, 590
27,160
.0650
52, 049
54,726
31,374
8.860
10, 490
13,069
9
13, 060
.5216
40, 777
7,205
7,900
14, 880
15, 266
3,714
11, 552
.5267
38, 600
2,846
8,560
12, 575
16, 285
1,520
14, 765
.5335
8,830
13, 625
17, 719
6,144
11.575
.5237
8,830
12, 715
14,311
2,115
12,196
.5200
8,760
8,000
(°)
(a)
(•)
.5200
8,290
8,355
9,570
7,700
.5200
.5200
.5200
.5200
.5200
.5200
5,864
2,393
1,767
1,127
2,186
3,500
28, 447
18, 734
14, 745
8 372
11,415
5,624
22, 741
8,040
24, 342
11 704
(°)
(-)
5,665
4,048
2 638
3,735
2,362
3,428
10, 935
3,766
9 223
3, 415
(°)
35,196
4,600
36,928
5,000
44,882
4,730
37, 655
5,250
46, 250
8.160
39,220
4,730
37,267
5,130
47,685
900
28,812
4,130
36,687
2,550
48, 224
500
34,119
2,940
. 5200
34,481
4,240
(°)
(°)
(•)
(•)
(a)
(•)
(•)
(a)
(«)
.0825
.0725
.0725
.0725
.0725
.0725
.0794
.0825
.0825
.0825
.0825
.0825
.0825
79, 489
83,601
66, 736
18,447
73,449
73,090
61, 696
11,833
70,837
71, 569
61, 546
11,101
74, 641
71,894
62, 714
13,848
75, 524
71,403
60,861
17,969
73, 225
71,767
64, 623
19, 427
76,156
73,989
61, 525
21, 594
74,861
73,273
61,014
23,182
78, 654
77,770
65,658
24,066
79, 276
79, 417
67, 252
23, 925
73,476
74,775
59,957
22,626
79,139
80,063
61, 564
21, 702
77,034
76,177
63,819
22, 559
16, 388
28,981
.195
(bb)
( )
.195
.195
.195
.195
.195
.195
.195
2,098
13,814
1,923
1,768
13,503
2,071
2,239
13, 731
1,955
3,163
14, 654
2,216
5,927
18,415
2,079
5,577
21,622
2,197
9,624
28, 563
2,577
363.8
372.0
339.2
403.8
414.2
327.2
408.5
417.4
381.7
481.2
505.3
408.7
532.7
570.6
418.5
567.9
636.6
361.4
1,122. 3
1, 352. 7
428.8
1,089.3
1, 307. 7
432.1
34,143
22, 321
34, 707
27, 294
42
27, 451
18,358
31,414
27, 099
61
20, 202
16, 747
21, 813
27, 304
43
23, 225
18,057
21,915
28, 900
46
16,006
16,428
17,996
28,124
22
14, 844
17,051
14,412
29, 947
43
10, 883
16, 334
11,600
' 34, 509
62
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
short tons..
15, 672
17,180
15, 390 15, 308
Orders, unfilled, end of month
do
30, 891
30, 646
30, 535 30, 762
.195
.195
Sheets, brass, wholesale price, mill.dol. per lb..
.195
.195
.195
MACHINERY AND APPARATUS
Blowers and fans, new orders thous. of dol..
8,818
Electric overhead cranes:
Orders, new
do
1,131
1,769
2,064
749
Orders, unfilled, end of month.
.do
13,744
13,498
12, 825 12, 961
Shipments
._
.do
1,364
1,678
1,287
1,235
Foundry equipments
312.9
New orders, net total
..1937-39=100.. 653.6
281.1
358.1
298.7
730.2
New equipment
do
298.2
291.2
273.3
368.4
Repairs
do..
423.3
321.0
356.9
304.7
326.9
Fuel equipment and heating apparatus:
Oil burners:
Orders, new, net
number.. 10, 680 36,194 32, 521 28, 511 31,140
Orders, unfilled, end of month
do
17,843
22, 612 22,448
22, 885
23,114
Shipments
do
9,171
31,369
27,845
28,848 32, 685
Stocks, end of month.
.do
39, 277 25, 682 27, 202 33, 017 31, 940
39
44
Pulverizers, orders, new
do
72
84
61
r
' Revised.
xveviseu.
O D a t a cover 37 manufacturers beginning January 1942, one having gone
8,067
9,579
10, 205
19,
18,
19,
27,
784
588
253
639
109
out of business.
° The publication of detailed foreign trade statistics has been discontinued lor the duration of the war.
b
Deliveries are now reported for a larger number of companies than formerly and are not comparable with earlier data; no data for unfilled orders
§Data revised for 1939; for exports see table 14, p . 17, and for imports see table 15. p . 18. of the Aoril 1941 issue.
;jtteviseu 10 inciuae loreign ores Degmnmg j anuary iy4u; see p . ts-6'z oi tne uctober 1941 survey for earlier
d"Beginning March 1941, includes deliveries of duty-paid foreign copper for domestic consumption.
I D a t a for July, September, and December, 1941, and March 1942 are for 5 weeks; other months, 4 weeks.
•New series. Earlier data for the new break-down of copper imports and the new series for tin and zinc imports will appear in a later issue. For domestic shipments of
zinc beginning January 1940, see p . S-32 of the October 1941 Survey.
tRevised series. Data beginning January 1939 for the new series on bearing metal will be published later (see also note marked with a " t " on p . S-32 of the December
1941 Survey); one of 60 reporting manufacturers went out of business before January 1942.. For series on foundry equipment, see note marked with a " t " on p . S-32 of
FRASER
the September 1941 issue.
Digitized for
S-33
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
June
May
July
August
1942
September
October
Novem- December
ber
January
February
March
April
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Mechanical stokers, sales:
Classes 1, 2, and 3
..number..
Classes 4 and 5:
Number
Horsepower
Unit heaters, new orders
thous. of dol..
Warm-air furnaces, winter air-conditioning
systems, and equipment, new orders
thous. of dol..
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units..
Power pumps, horizontal type
do
Water systems, including pumps
.do
Pumps, steam, power, centrifugal, and rotary:
Orders, new
..thous. of doL.
4,722
14,155
21, 401
26.050
28,244
26, 720
22,888
10, 613
8,303
6,350
7,808
10,972
9,573
331
77,635
234
63, 238
400
93,515
4,450
403
91.051
487
91, 429
418
83,222
6,482
401
75, 296
264
53,020
289
72, 229
7,062
246
67,011
316
81,890
296
77,770
5,481
416
89,318
11,357
15,001
19, 552
7,423
27,480
97
24, 234
40, 884
993
31,885
36,475
975
32,270
46, 572
1,176
33,894
45, 682
1,209
33, 503
39, 527
1, 295
32,400
41,360
1,376
33, 907
37, 668
1,498
28,221
31,663
984
28,198
36, 899
1,150
23, 700
37, 012
359
24,376
40,342
167
26,638
• 37, 972
219
• 27,989
4,634
5,298
2,613
3,113
3,692
2,459
2,394
2,368
2,459
4,138
5, 784
8,668
4,334
95
135
137
139
167
142
228
145
246
149
253
152
182
151
185
153
111
154
180
162
161
169
91
169
136.0
118.4
109.9
193.2
157.7
142.8
158.6
167.1
138.1
193.3
145.0
167.8
207.4
204.5
162.9
12, 439 13,067
15,916 10, 352 12.974
21,246
14,545
18.478
64,476
51, 730 38, 350 48, 705 30,196 39,945
50, 759 66,206
378,054 339, 421 270, 543 164, 521 132, 972 92,034 100,572 135,913
146,889 155.843 150,620 182, 550 127,190 109,618 113,416 102, 292 108,777
21, 288 16,157
35, 783 31, 977 27, 686 33,239 21,730 20,367 14,446
93, 341 114, 242
188,365 213,862 148,811 145,194 147,390 103, 288 113,054
'121.0
••91.0
93.0
72.0
27,820
19,756
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
Unadjusted
1934-36=100..
Twelve-month moving totalf
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936=100..
Adjusted index
do
Ironers, household
units..
Ranges*
do
Refrigerators
do
Vacuum cleaners, floor type
do
Vacuum cleaners, hand type
do
Washers, household
do
Electrical products:
Industrial materials, sales billed...1936=100-.
Motors and generators, new orders
do
Transmission and distribution equipment,
new orders
1936=100-_
Furnaces, electric, industrial, sales:
Unit
kilowatts.Value
thous. of dol...
Electrical goods, new orders (quarterly)
thous. of doL.
Laminated fiber products, shipments
do
Motors (1-200 hp.):
Polyphase induction, billingst
do
Polyphase induction, new orders?
do
Direct current, billings
do
Direct current, new orders
do
Power cable, paper insulated, shipments:
Unit
thous. of ft..
Value
-thous. of doL.
Rigid steel conduit and fittings, shipments*
short tons.Vulcanized fiber:
Consumption of fiber p a p e r . . . . . thous. of lb_.
Shipments
thous. of doL.
203.9
161. 5
21,767
65,359
433, 670
156,816
42, 394
206, 030
251.7
429.7
202.7
183.9
20,283
237.1
406.5
240.8
444.1
243.0
307.0
254.5
370.0
272.8
332.8
238.1
329.7
252.8
425.2
264.6
299.0
289.1
335.9
288.8
360. 4
384.7
355.7
283.7
9,689
646
11, 626
945
11,644
976
18,312
1,522
22, 291
1,733
12,924
1,060
8,617
646
12,298
1,149
2,896
581,675
2,791
2,822
2,803
629,028
3,102
3, 363
2,997
583,214
3,151
21, 520
1,882
3,370
5,583
7,351
1,793
3,595
5,455
7, 750
1,725
4,257
5,983
6,200
1,867
4,512
5,765
5,825
1,761
3,395
6,016
6, 560
1,843
3,057
6,298
6,903
2,314
2,903
5,388
5,410
2,074
2,860
6,957
8,176
2, 552
4,602
1,370
1,751
1,321
1,655
1,510
1,860
1,418
1,729
1,244
1,807
1,487
2,052
1,067
1,536
22, 987
24,310
26, 838
26, 540
27, 681
28, 879
26,412
4,228
1,215
3,635
1,177
3,762
1,100
3,595
1,178
3,683
1,302
3, 785
1,183
3,958
1,202
34,210
3,177
247.0
343.0
468.8
303.0
95,741
16,029
286.4
23, 961
2,491
r
283.0
909.0
288.0
859.0
471.0
472.0
45, 674 148,556
4,551
10,367
3,151
759, 063
3,641
3,699
6,061
7,086
2,140
3,974
6,417
7,409
2,294
3,056
6,743
13,189
3,097
8,313
7,604
12,697
4,418
10,196
1,054
1,694
958
1,475
928
1,119
605
1,062
578
934
24,817
28,840
22,834
22,838
25, 572
26,499
3,525
1,031
3,738
1,107
3,454
1, 024
3,681
956
3,987
1,107
3,900
1,145
PAPER AND PRINTING
WOOD PULP
Consumption and shipments: 0 §
921,872 916,497
Total, all grades
short tons._
850, 307 814,436 811, 364 847, 576 811,093 880, 755 859,056 847, 617 903,188
Sulphate, total
do_
386, 059 369,148 360, 235 387, 475 367, 850 397, 927 379, 349 374, 877 402,996 373,289 422,107 416, 206
Unbleaehed.
do.
324, 362 307,785 302, 328 326, 769 313, 576 340,950 324,881 325, 665 348,105 318,510 367, 071 361,061
Sulphite, total
do_
246,102 242, 084 251, 650 257, 727 245, 856 264,398 259, 516 258,254 270, 666 248,964 272, 530 279,045
Bleached
I.do.
146, 907 144, 528 149, 405 154,174 143, 065 354,604 144, 396 147,802 153, 992 140,784 154,834 162,749
54, 995 54,167 53,276 56, 543 51,814 57,161
54,635
Soda
do.
51,031
52, 366 52, 332 52, 229 54,141
Groundwood
do.
165, 780 150, 872 147, 250 148, 233 146, 356 163, 435 166,024 161, 210 172,983 152,430 170, 074 166,611
19, 378 13, 828
14,174 35,387
24,175
Exports, total, all grades*..
.~-~~~~!do.
98,027
Imports, total, all grades*.
do.
95,175 105, 031 90,501 109,831
16, 447 11,858 15, 255 14, 530
15,194
Sulphate, total*
__do.
10,552
7,799
Unbleached*
do.
9,942 11, 903
9,757
75, 111 65,158
61, 300 70, 598 57,369
Sulphite, total*
do.
B leached*
do.
33,692 35, 219 28,930
32, 524
38.055
27, 608 35,379 28,439
Unbleached*
do.
32, 634
37.056
17, 629 16, 732 20,149
16,804
Groundwood^
do.
17,626
Production:§
Total, all grades
do.
845,948 805, 562 779,753 824, 760 797,725 875,835 863,786 847,732 918, 085 827,823 945,385 912,434
Sulphate, total
~_do.
377,123 366, 050 354, 337 384, 345 366, 776 398,339 378, 087 373, 737 405, 729 371, 572 426,818 412,784
Unbleached
do.
314, 932 305, 192 297, 521 323, 261 312,949 340, 275 324, 352 324, 942 349, 677 317,977 371,045 358, 580
Sulphite, total
do.
243, 422 239, 069 238, 725 250, 462 243, 713 266, 944 259, 685 253, 004 274, 724 246,942 277,408 265,639
Bleached
do.
146,152 144, 503 139, 921 147,214 142, 000 155, 667 143, 458 145,138 156, 252 141,544 158,440 150,657
Soda
do.
52, 983 51,857 50, 766 54, 587 50, 008 54, 332 53, 594 53, 413 56, 505 52,124 57,120 54, 368
Groundwood
do
172,420 148, 586 135, 925 135, 366 137, 228 156, 220 172, 420 167, 578 181,127 157,185 184,039 179,643
Stocks, end of month:§
Total, all grades.
do.
172,300 163, 400 131,800 109, 000 95, 600 90, 700 95, 400 95, 500 110, 500 111,800 135,100 131,100
14, 900 19,700 16,200
16,700
13,900
Sulphate, total
do.
16, 300 15,100
15.900
17,000
29,100 26, 000 20,100
12,100
9, 600 11,100 10, 600 14,600
10, 800 10, 300
Hi 500
Unbleached
_.
.do.
23, 000 20. 400 15, 600 12,100
Sulphite, total
_
do
63, 900 60, 900 48, 000 40, 700 38, 600 41,100 41, 300 36,100 40,100 38,100 42,800 29,400
Bleached
do
41, 700 41,700 32, 200 25, 200 24, 200 25, 200 24, 300 21, 600 23, 900 24, 600 28, 200 16,100
3,300
3,600
3,600
3,400
3,200
3,800
3,400
4,500
5,500
5,000
Soda
IlZIIdo6,500
7,000
Groundwood
_
do.
72, 300 70, 000 58, 600 45, 800 36, 600 29, 400 35, 800 42, 200 50, 300 55,100 69,100 82,100
r
•Domestic pulp used in producing mills and shipments to market.
Revised.
» Preliminary.
» See note "«," p. 30.
t Shown in 1940 Supplement and monthly issues through February 1941 as A. C. motors. ^Data revised for 1939; see table 15, p. 18 of the April 1941 issue.
§ Data have been revised beginning January 1939; the revised data will be published in a subsequent issue. All data shown above are estimated industry totals furnished by the U. S. Pulp Producers Associatian.
*New series. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18 of the November 1940 issue (for revision in note regarding coverage of the data,
see note marked with an "*" on p. S-33 of the October 1941 Survey). Data beginning 1937 for shipments of rigid steel conduit and fittings are shown in table 34, p. 26, of
the
November
1941 Survey. Earlier monthly data for the indexes of domestic appliances are shown in table 38, p. 21. of the January 1942 issue. Data beginning 1913 for ex
ports and imports of wood pulp are shown on p. 13 of the October 1940 issue.
http://fraser.stlouisfed.org/
tRevised series. This series replaces the adjusted index; earlier data will a]ppear in a subsequent issue.
Federal Reserve Bank of St. Louis
8
S-34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- * 1942
gether with explanatory notes and references
to the sources of the data, may be found in the
May
1940 Supplement to the Survey
July 1942
1941
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
April
PAPER AND PRINTING—Continued
WOOD PULP-Continued
Prices, wholesale:
Sulphate, Kraft No. 1, unbleached*_dol. per 100 lb.
Sulphite, unbleached
do
3.563
3.463
3.625
3.463
3.625
3.463
3.625
3.525
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
3.625
3.713
PAPER
Total paper, inch newsprint and paperboard:f
Production
short tons.Paper, excl. newsprint and paperboard:f
Orders, new
.short tons..
Production__
__.do
Shipments..
do
Book paperrcf
Coated paper:
Orders, new
short tons..
Orders, unfilled, end of month
do
Production
do
Percent of standard capacity
Shipments
short tons..
Stocks, end of month
do
Uncoated paper:
Orders, new
do
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, English finish,
white, f. o. b. mill
dol. per ICO lb_.
Production
short tons..
Percent of standard capacity
Shipments
short tons..
Stocks, end of month
do
Fine paper:f
Orders, new
.do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
.do
Wrapping paper:f
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do.._
Stocks, end of month
do...
Newsprint:
Canada:
Exports.
_
do
Production
do...
Shipments from mills
do...
Stocks, at mills, end of month..
.do...
United States:
Consumption by publishers
.do...
Imports
do...
Price, rolls (N. Y.)
dol. per short ton.
Production
short tons.
Shipments from mills
do...
Stocks, end of month:
At mills
do...
At publishers
do...
In transit to publishers
do...
Paper board:
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.
,146,217 1,089,552 1,090,981 1,156,900 1,132,309 1,238,030 1,161,122 1,177,426 1,249,415 1,132,586 1,224,846 1,193,642
599, 989 558, 810 576,166 572,131 546, 476 561,183 494,691
529, 018 501,177 504,162 528,192 515, 247 567, 294 541,855
540,170 515,878 522, 296 537, 925 522, 578 581,324 541,125
8,896
4, 867
11,201
40.1
11,161
13, 570
33,039
20, 613
23, 971
84.1
24, 579
13, 281
88,992
55,412
165,927
119,533
26,132
23, 354
22, 913
86.8
23, 388
12, 745
24, 967
24, 741
23, 808
86.7
23, 905
12,587
28,113
27,503
25, 248
91.2
25, 273
12,637
21,032
24,772
24, 791
92.2
24, 692
12, 762
24, 276
21,646
29,049
100.0
28, 703
13, 514
139, 598 143, 528 139, 643 134,790 135,649
124, 865 136,394 143, 209 145, 861 134,649
523,096 '570, 366 r 490,358 536,195
550,696 ••584,728 '525,743 | r 565,981
557,951 '579,162 r 524,645 r 549,859
19, 286
14,723
25, 526
91.3
25, 435
13, 745
21, 354
13,138
25, 439
87.6
25, 380
13,719
14, 769
9, 413
19, 661
76.2
19, 958
13, 408
13,708
6, 523
17, 200
61.5
17,027
13,696
13,401
4, 922
15,467
55.3
15.399
13,543
115,160 120,759
119, 869 107, 441
137,942
106,153
110, 708
92, 394
119,348
81,642
106,690
08,283
20, 300
17, 677
25, 859
96.2
25, 628
13,713
7.30
7.30
7.30
7.30
7.30
6.95
7.30
7.30
126, 564 138, 599 128,983 145, 887 136, 659 132, 236 143, 583 129,403
107.2
109.8
101.6
105. 0
108.9
111.0
102.6
109.3
129, 224 136,180 132, 720 146, 523 133, 067 133, 458 141, 828 128,712
47, 271 45, 273 45, 968 46,738
43, 755 47, 932 43, 828 43,115
76, 968 65, 527 66, 982 52, 773 51, 948 r 66, 766 ' 53,211
66, 947 71,168
79, 560 102. 591 120,602 126,097 131,876 127, 734 119,847 115,708 112,775
49,186
59,607
58, 242 60,176 r 61, 766 ' 55, f 98
49, 629 54,073
55,115
51,201
63, 826 60, 053 60,881 * 62, 792 ' 57,926
53, 664 56, 523 56,062
49,078
57,838
42,430
41,318
51,194
48,970
43,923
39, 674 r 37,024
6.80
6.55
7. 30
114,111 134, 371 128, 939
100.6
105.1
89.4
136,296 130,589
111.088
55 .rS6 49, 687 47, 614
68, 730
66, 475
52,819
55, 580
59,356
479,797
560, 320
542,825
7.30
7.30
133, 316 124. ("07
105.0
98. 2
130, 266 121,980
49,733
52, 335
«• 55,029
104,915
'
62,468
r
61,052
'38,120
46,512
79,878
62, 223
59,573
40, 321
195, 280 195,492 183,054
199, 691 200,233 199,450
184,619 190, 581 186,853
186, 706 195,017 185,418
70, 545 71,809
77,634
197,035 171,950
191, 666 176,775
204, 790 186,799
205, 921 188,076
70, 770 68,960
195,773
172, 528
197,408
196,880
70,422
205, 436
167, 838
211,630
211,880
70, 689
181,150
161,842
187,990
185,348
70,039
203,361
160,881
208,188
203,323
74, 091
199, 272
151,056
210,318
209,120
75, 598
247, 983
251,831
266,443
169,409
268, 706 263, 659 303.126 275, 223 293,181
284,767 273, 697 293,483 293,054 298,276
291,112 281, 843 300, 236 296. 985 305,010
174,044 165,898 159,145 155,214 148,480
321,664
318, 787 300,308
304, 685 320,860
162, 582 142,030
298, 380 268 110
300, 823 311,904
319,282 291,998
123, 571 143,477
254,799
278,101
264,621
156, 957
269,749
295,835
308,166
144,626
230,324
277, 741
238,346
184,021
242,372
260,827 242, 404 215,012
276, 256 252,872 247,103
50.00
50.00
50.00
83,962
90,913
83,199
85,424
91,689
84,641
224, 361 239,098 262,488
263,889
254, 894 242,570
(a)
50.00
50.00
50.00
50.00
82,621
83,592
78,657 87,068
80,756
80, 252 87, 318 84,331
274,471
231,961
216,109
251,042
238,493
50.00
81,680
83,998
50.00
84,628
80, 787
50.00
76, 234
75, 247
50. 00
80,923
82,176
50.00
82,669
81,182
11,614
9,904
11,864
341,884 334, 529 333,120
46, 608 46, 570 53,459
7,586
330, 259
55,037
11,427
366, 236
46, 362
12,414
11.161
12,648
370,101 368.520 383,384
55, 336 47, 376 44,843
464,446
595,634
446,023
583.668
98.9
189,163
419, 770
527,829
433,788
536,646
98.5
167,424
437,902
521,866
404,121
545,050
92.6
186, 522
425, 878
581,502
406, 348
580, 059
96 8
181,456
390, 276
508, 272
389,700
530. 609
98.1
198,659
874
767
107
1,190
982
208
223,492
24,859
833
716
117
753
645
108
804
674
130
210,195 194,352
179,794 193,056
195, 764 181,924
201,330 181,928
79, 864 79,083
50.00
80,040
76,612
16,076
384,758
39, 025
13,527
252,381
51,197
12,065
277,681
49,6S7
10, 623 13,459
320,602 345,158
40, 451 38,706
377, 595
572,522
370,151
526,286
89.4
269,737
374,185
525,325
383,534
504,413
92.3
264,631
384, 765
569,252
435, 891
503, 620
85.6
272,317
411,073
565,853
452,966
545,116
95.9
237,339
422, 361
542,792
444,736
538, 405
95.0
218,257
438,591
542, 432
349,434
577, 942
98 6
241,178
411,110
495. 547
297, 904
550,653
94. 0
308, 963
PRINTING
Book publication, total
no. of editions.
1,036
New books
_
do
818
New editions
do
218
Continuous form stationery, new orders
thous. of sets.. 169,904
18,101
Pales books, new'orders
thous. of books.
1,051
887
164
894
708
186
203, 327 262, 591
26,137
24,470
695
593
102
195,361
26,219
985
774
211
219,326
26,544
903
780
123
271, 203
27,878
299,591
28,278
261,913
23,307
743
586
157
262,613 257, 791 300,717
24, 979 22,806 22,878
782
657
125
206, 078
19,672
RUBBER AND PRODUCTS
CRUDE AND SCRAP RURBER •
Crude rubber:
84,912
71,365
68, 653
60,418
Consumption, total.
long tons..
55, 365
53, 655
147 045
115,749
For tires and tubes (Quarterly)
do
101,404
64, 577
83,151
97, 081 106, 540
Imports, total including latext
do
(-)
. 239
.239
.241
.219
.227
.226
.231
.222
Price, smoked sheets (N. Y.). ...dol. per lb._
.232
126,330 127,659 131,133 127,634 164, 968 113, 548
Shipments, world?..
long tons..
Stocks, end of month:
260,000 290,OCO 270,000 250,000 280,000 285, COO
Afloat total
do
147,459 175,499 132,304
90, 591 141,756 172, 633
For United States
do
91,104
90,C06
91,478
79, 296
98, 724
91,189
British Malaya
do
359, 234 339,108 375, 605 426, 253 455, COO 454,711
United States '
do
Reclaimed rubber:
21,405
22, 559
20, 864
24,032
21,725
Consumption
do
25 009
22, 775
23, 750
24,111
23,111
24,678
?6, 560
Production
do
35,
871
36,
751
36,
265
39,
099
38,604
Stocks end of month
do
38, 055
53,311
Scrap rubber consumption
do
56, 138
T
Revised. J Includes Government reserves. a The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
JFor monthly data for 1913 to 1938, see table 28, p. 18 of the May 1940 Survey; for revised data for 1939, see table 15, p. 18 of the April 1941 Survey,
cf The number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.
§Data are from the Statistical Bulletin of the International Rubber Regulations Committee; see note marked " § " on p. S-34 of the February 1942 Survey,
tRevised series. For revised data for the indicated paper series beginning 1934 see table 43, pp. 12 and 13 of the November 1940 Survey except for subsequent revisions
in
total
paper beginning February 1939 through February 1941 which will be published in a later issue.
*New
series. Data beginning 1926 on price of sulphate wood pulp will be shown in a subsequent issue.
•The publication of rubber statistics has been discontinued.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
S-35
SURVEY OF CURRENT BUSINESS
Julv 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the M a y
1940 Supplement to the Survey
1941
May
June
July
August
1942
September
October
Novem- December
ber
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
6,091
7,676
2, 699
4,817
160
8,373
6,379
7,602
2,595
4,871
136
7,088
5,578
6, 450
1,998
4,309
143
6,235
4,983
5,394
1,122
4,132
140
5,834
4, 563
5, 259
1,469
3, 661
129
5,154
4,834
5,867
1,994
(k)
(a)
3,964
4,048
1,804
2,967
2; 604
1,289
1,369
1, 231
985
1.113
1,116
1,156
1, 027
1,100
1,557
4,123
4,043
4.417
4, 550
4, 553
4,809
5,175
5, 839
6,310
109
7,686
6,264
6,908
104
7,010
5, 278
5,917
89
6,357
4,436
4,780
105
6,071
4,143
4, 792
90
5,431
4,137
5,143
3,725
3,825
2,729
2,390
1,32*
1,257
1, 051
1,099
1,129
986
1,141
1,299
( >
4,448
4,377
4,678
4,712
4,678
5,026
5 892
6,848
7,433
8,650
6,362
6,287
8,725
6,532
6,086
9,170
5, 545
6, 300
8,315
4,753
5,213
7,907
4,479
5,247
6,803
3,884
4 171
6,272
a>
78, 638
88, 614
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
thous. of pairs.
do
do
3,502
3,827
5,947
6,084
5,134
13, 223
6,278
5,668
13,834
4,789
6,366
12, 256
5, 543
6,990
10,809
5,844
7,422
9,228
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams.
110,645
135,571
130,852
Production
thous. of bbl__
Percent of capacity
Shipments
-thous. of bbl...
Stocks, finished, end of month
do
Stocks, clinker, end of month
do
16,119
77.0
16,349
24, 882
6,241
14,732
C9.4
16, 048
22, 745
6,005
15, 223
74.0
16,109
21, 865
5,757
13. 216
12.434
6,172
1,629
199, 373 111,700
146, 734 173,022
141,985
16,000
74.9
16,687
21,178
5,522
16, 345
76.5
17, 825
19,732
5,219
16,115
78.3
18, 284
17, 561
4,804
16, 688
78.6
17, 833
16,417
4,192
14, 931 13, 810 ' 12, 360 10, 787
64.8
72.7
58.6
57.0
13, 724 11,511 ' 9, 115 r 8, 293
17,638 • 19, 925 •23,168 25, 668
4,250
4,575
5,840
5,020
12. 504
12.582
12.715
12.853
12.876
12.921
12. 935
13. 100
13.165
13. 215
13.209
6,340
1,694
7,192
1,929
6, 701
1,890
6, 330
1,816
6,831
1,932
5,289
1,501
5.029
1, 432
3, 584
1,077
3,689
1,047
3,944
1,119
3,905
1,147
3,612
28, 622
3,384
28, 778
4,056
28, 711
3,906
27, 813
5, 873
24, 630
4, 551
24, 694
3,113
17,211
1,735
17,122
1,046
785
17, 948 • 18,823
2,075
18, 992
1,983
19,598
6,243
* 93.4
6, 398
327
1,211
49
779
548
988
1,608
455
271
136
9,244
6, 168
96.0
6,867
358
1, 449
47
763
605
1,027
1,695
479
260
165
8,397
6,325
94.7
6,400
497
1,321
44
694
493
811
1, 608
401
277
200
8,176
6,844
102.4
6, 8-17
867
1,308
39
• 479
432
925
1,820
414
302
239
8,052
6.370
99.1
6,968
1,008
1,2G9
45
331
401
1,074
1,891
417
342
158
7, 321
7,016
101.1
6, 244
389
1,242
55
310
408
1. 042
2.022
464
285
10
7,948
6,187
100.3
5, 295
240
974
42
316
260
1,056
1,766
381
242
3
8,711
6, 043
90.4
4, 965
214
S62
39
332
395
843
1, 640
374
245
4
••9,610
6,755
96.5
5,877
271
1,191
45
352
524
905
1,884
399
257
29
10, 228
5,965
96.1
6,141
352
1,319
37
408
601
917
1,741
429
224
97
r
9. 950
6,935
103.1
7, 073
588
>• 1, 517
49
503
737
983
1,806
514
243
106
r 9, 450
6,921
102.9
6,830
454
1,554
51
479
868
838
1,757
448
234
125
9,417
5,548
5,055
7,896
4,857
4,863
7,820
4,541
4.382
7,899
4,879
4,826
7,872
4,407
4,998
7, 208
4, 837
4,937
6,975
4, 658
3,584
7,903
4,346
3,236
8,936
5, 350
4,1.43
8,797
4,595
3,921
9,376
4,804
4,482
9,260
4,558
4,610
9,156
138, 555 138,327
130, 525 109, 508
PORTLAND CEMENT
12, 733 14, 068
69.0
' 61.0
12, 563 •14,774
25,112
25, 831 r 6, 656
6,570
CLAY PRODUCTS
Common brick, price, wholesale, composite
f. o. b. plant
dol. per thous...
Floor and wall tile, shipments:
Quantity
_
thous. of sq. ft..
Value
thous. of dol_.
Vitrified paving brick:
Shipments
thous. of brick..
Stocks, end of month
.do
GLASS PRODUCTS
Glass containers: §
Production
thous. of gross..
Percent of capacity
Shipments, total
thous. of gross..
Narrow neck, food*
do
Wide mouth, food*
do
Pressed food ware*
...do
Pressure and non-pressure*
do
Beer bottles*
do
Liquor ware*
do
Medicine and toilet*
do
General purpose*
do
Milk bottles*
do....
Fruit jars and jelly glasses*
do
Stocks, end of month
do
Other glassware, machine-made:*
Tumblers;
Production
thous. of doz._
Shipments
do
Stocks
.do
Table, kitchen, and householdware, shipments
thous. of doz..
Plate glass, polished, production
thous. of sq. ft-Window glass, production
thous. of boxes..
Percent of capacity
7,192
1. 112
6,997
419
1,489
49
508
1.158
'814
1, 733
441
259
104
9,489
4,310
1,557
95.9
r
3,372
3,069
2,903
3,857
3, 427
4,082
3,279
2,553
2,587
3,112
3,278
2,876
18, 394
1,282
78.9
18, 534
1,304
80.3
12, 463
1,281
78.9
14,126
1,267
78.1
14,906
1,123
69.2
15,769
1,524
93.9
14,277
1,300
80.1
10,311
1,696
1U4. 5
9,143
1,639
100.9
5,600
1,457
89.7
5,565
1,583
97.5
5,570
1. 644
101. 3
GYPSUM AND PRODUCTS
Crude:
Imports
short tons.
Production
.do
Calcined, production
.....do
Gypsum products sold or used:
Uncalcined
do...
Calcined:
Building plasters
do...
For mfg. and industrial uses
do...
Keene's cement
do...
Board and tile, total.
thous. of sq. ft.
Lath
_
_
-do...
Tile
...do...
Wallboard
..do...
326, 248
1,197,689
1,026,987
366, 519
1,335,905
1,099,244
()
1,361,034
1,088,745
1,066,362
817,856
365, 682
368, 209
317,781
285, 755
523, 218
38,222
7,672
709,282
472, 696
11,267
225, 319
577, 840
41, 569
8, 854
718,415
479, 794
9,133
229,488
436, 255
36,130
6, 841
843,920
567, 393
7,398
269,129
352, 316
34,114
5,904
559,498
348, 061
6, 490
204, 947
(a)
' Revised.
• The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
*> Data not available.
*New series. Data for glass containers for the period January 1934-December 1939 are shown in table 49, pp. 16 and 17, of the November 1940 issue; minor revisions for
1940 for wide-mouth food containers and liquor ware not shown on p. S-35 of the September 1941 issue, and also revisions for 1941 not shown on p. S-35 of the June 1942 Survey
are available on request; earlier data on glassware other than containers are shown in table 2, p. 17, of the January 1941 Survey.
| Data revised for 1941; revisions for January-March not shown in the Survey are minor and are available on request.
SURVEY OF CURRENT BUSINESS
S-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
1942
May
Julv 1942
1941
May
June
July
August
1942
September
October
Novem- December
ber
January
February
March
12, 555 13,147
11,938 112,869
22,026 22, 304
12, 204
12, 759
21, 749
12, 951
13, 506
21,194
12, 729
13, 533
20, 390
849, 733 887, 326 945, 909
893, 745
966, 631
998, 754
.162
.169
.178
.181
.190
.173
.190
.192
.196
.202
9,915
10, 240
April
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
do—
Stocks, end of month
do
COTTON
Consumption
bnles.
Exports (excluding 1 inters) §
do
Imports (excluding linters)§
do._.
Prices received by farmersl
dol. per 1b.
Prices, wholesale middling Vi6", average 10 markets
do.
Production:
Ginnings (running bales)•---thous. of bales.
Crop estimate, equivalent 500-lb. bales
thous. of bales .
Stocks, domestic cotton in the United States,
totalcf
thous. of balesOn farms and in transited
do
Warehouses.--do...
Mills
do....
COTTON MANUFACTURES
11,913
11,500
20, 804
12, 621
11, 750
25,493
12, 531
11,933
26,183
12, 900
12, 889
26, 235
11,499
13,785
23, 991
957, 015 923, 518 875, 812 929, 782 874,113
71, 550 75, 236 61,110 34, 967
17, 243 43, 322
30, 853 26,108
.143
.117
.153
.128
.192
.200
.124
.138
.156
.161
504
14,023
800
11,363
1,860
13,099
727
10, 528
1,844
12,026
585
9,640
1,801
21, 628
10, 774
9,233
1,621
11,974
13, 771
22, 236
14,107
14,977
21, 409
875, 682
189, 215 161,
25, 413 40,696
.175
.166
.171
12, 501
12, 585
21, 367
C)
(°)
.158
.165
.164
4,713
7,964
9,596
20,992
7,990
11,453
1,549
19,886
4,712
13, 268
1,906
18,818
2,738
13,915
2,165
i10,742
()
13, 658
2,299
()
12,805
2,388
Cotton cloth:
44,972 39, 039 41,194 49, 576 46, 985
Exports^
thous. of sq. yd..
5,535
4,275
2,929
3,075
Imports!
...do—
Prices, wholesale:
20.34
19.06
21.84
20.01
20.30
20.32
20.53
20.85
20.45
20.88
Mill margins
..-cents per lb_.
.081
.080
.078
.088
.080
.080
.083
.086
.080
.090
Print cloth, 64 x 60
dol. per yd..
.095
.094
.095
.095
.095
.103
.093
.108
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth, production:
Bleached, plain
..thous. of yd.. 193, 723 182,003 158,569 168, 211 171,667 185, 786 188,594 170,132 180,792 192, 229
Dyed, colors
d o — 142, 889 145, 612 125, 282 134, 584 132,177 138, 437 143, 718 131, 727 126, 677 133, 624
6,369
6,360
6,113
6,042
5,890
7,116
6,750
8, 547
5, 458
Dyed, black
do—
Printed
d o . . . . 72, 813 119, 222 96, 871 98, 704 97, 283 98, 757 98, 297 78,572 91, 674 82, 267
Spindle activity:
23,004 22, 995 23,028 23,029 22, 964 23,043 23,069
23, 063 23, 077
Activp spindles
thousands-, 23,121
10,407
9,901
11,364
9,938 10, 537 10,253
11, 232
10,540
10, 276
Active spindle hours, total.
.mil. of hrs_. 11,193
429
433
471
408
463
421
409
437
422
465
Average per spindle in place
hours ..
123.7
123.0
125.3
129.4
124.0
136.9
121.5
121.7
125.8
138.4
Operations
percent of capacity..
Cotton yarn, wholesale prices:
.429
.414
.373
.413
.385
.395
.365
.366
.426
22/1, cones (factory)
dol. per lb_.
.481
.433
.479
.475
.471
.481
.500
.433
.515
40/s, southern, single, carded, Boston..do
RAYON AND SILK
Rayon:
Deliveries (consumption), yarn*_-_mil. of lb_.
Imports§
-thous. of lb_.
Price, wholesale, viscose, 150 denier, first
quality, minimum filament*---dol. perlb..
Stocks, yarn, end of month}:
mil. of lb_.
Silk:
Deliveries (consumption)©
bales-Imports, raw§
thous. of lb_.
Price, wholesale, raw. Japanese, 13-15 (N. Y.)
dol. p e r l b . .
Stocks, end of month:
Total visible stocks—
balesUnited States (warehouses) O
do
37.6
40.2
1,304
38.3
1,457
39.4
576
.550
6.8
.530
5.8
.530
4.6
22, 440
3,509
2.886
37.0
743
41.7
38.5
39.3
.530
3.6
37.3
228
.530
4.2
.542
4.9
.550
5.4
.550
4.5
.550
3.8
24, 251
3,895
28, 528
2,347
2,069
332
4,685
1,003
4,160
3.019
3.049
3.080
3.080
3.080
47, 208
()
53, 988
214, 711 204, 606
50, 341 53,436
53,008
57, 508
10, 495
20.32
.087
.104
20. 25
.088
.105
20.29
.089
.107
654
169
010
674
194, 328
148,023
5, 338
75. 962
23,078
10, 457
435
135.9
23, 096
11,374
473
134.3
23.100
11,463
476
135. 3
.413
.504
.419
. 506
.425
.516
36.0
40.0
'37.6
.550
4.8
.550
4.4
. 550
4.1
.550
5.4
3.080
3. 080
3.080
176,227
126, 465
6,553
83, 791
191,
145,
6,
88,
5,676
3.080
(2)
55, 486
WOOL
61, 658
63,010
Imports (unmanufactured)§
thous. of lb_.
74, 954 84, 759 72,008
(°)
Consumption (scoured basis) :^
46, 605
39, 712 41, 764
40, 660 43, 696 44,480 • 40, 972 • 53, 880 44, 512
51, 995
Apparel elassA
.
do
44,352 40, 716 41,816
10, 700 11, 708
13, 980
11, 256 11,212
10, 904 11, 260 11, 465
6,555
2,524
Carpet classA
do
5,828
' 5, 784
Machinery activity (weekly average) i
Looms:
Woolen and worsted:
2,606
2,523
2,546
2,521
2,706
2,431
2,492
2,850
r 2, 602
2,749
2,791
2,616
2,591
Broad..thous. of active hours..
86
93
94
89
78
91
90
89
86
'95
86
81
Narrow
do
r
212
241
240
246
229
227
227
221
251
139
Carpet and r u g . . .
do
145
177
Spinning spindles:
124, 204 106, 881 110, 590 107, 780 117, 876 113,084 112,567 108,127 110,157 118. 654 117,130 r116,996 124, 423
Woolen
do
99, 935 114, 475
116, 753 119,838 125, 606 118, 002 125, 902 123, 512 127, 257 122, 409 129, 890 120. 806 101,015
Worsted
-do
211
223
220
231
233
210
232
243
241
218
231
231
239
Worsted combs
do
Prices, wholesale:
1.07
1.06
1.08
1.05
1.08
1.13
1.08
1.11
1.20
1.14
Raw, territory, fine, scoured
dol. per lb_.
1.18
1.20
1.16
.47
.46
.49
.49
.46
.49
.52
.52
Raw, Ohio and Penn.,
fleeces
do
.52
.52
.48
.45
.49
Suitine, unfinished worsted, 13 oz. (at mill)
2.089
2.129
2.030
2.228
2.228
dol. per yd..
2.228
2.599 !
2.320
2.59
2.228
2.030
2.228
Women's dress goods. French serge, 54" (at
1.312
1.411
1.312
1.330
1.411
1.411
mill)
dol. per yd..
1.391
1.275
1.411
Worsted yarn, Vsz's, crossbred stock (Boston)
1.675
1.700
1.763
1.800
1.638
1.800
dol. per lb_.
1.800
1. 800
1. 800
1.800
1.740
1.594
1.800
Receipts at Boston, total
thous. of lb-.
80, 360 82, 827 81, 232 61, 336 39, 704 26,253 37, 571
11, 735 17, 281
9,658
7,555
9,661
Domestic
do
29,177 32, 837 42, 780 26, 570
14, 518 20, 290
Foreign
_
.do
51,184 49,990 38, 452 34, 765 30,043
a
••Revised.
See note " a " , p. 37.
11941 crop.
»Data discontinued.
§Data for 1939 revised; for exports, see table 14, p. 17 and for imports, table 15, p. 18 of the April 1941 issue.
• Total ginnings to end of month indicated,
^Data for July and October 1941 and March 1942 are for 5 weeks; other months, 4 weeks. No data were collected for the week December 28, 1941, to January 3, 1942.
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.
s u b s e q u e n t issue.
f R e v i " monthly data for August 1939-July 1940 will be shown in a subsequent issue.
cfRevised
©Beginning September 1941 certain amounts of raw silk were returned from mills to warehouses: these amounts are reflected in warehouse stocks and should be deducted
from the wimuJative figures for deliveries. The number of bales returned were as follows: Sept., 542; Oct.. 7,927; Nov., 2,717.
ABeginning 1942, domestic and duty-paid foreign wool are classified as apparel and all free foreign wools are classified as carpet. Formerly duty-free foreign wool not finer
than 40s used m press cloth, knit or felt boots, or heavy-fulled lumbermen's socks (incompletely reported prior to September 1941) was classified under apparel wool and the
carpet-wool classification included a small amount of duty-paid wool. Data for 1941 as shown in the Survey beginning with the April 1942 issue have been revised for compari-son with 1942 data.
S-37
SURVEY OF CURRENT BUSINESS
July 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
May
May
June
July
August
September
October
Novem- December
ber
January
1942
Febru- March
ary
April
TEXTILE PRODUCTS—Continued
WOOL—Continued
Stocks, scoured basis, end of quarter, totalK
thous. of lb_.
"Woolen wools, total
_ _ do _
Domestic
do
Foreign
_ _ _do
Worsted wools, total
do
Domestic
-_
do
Foreign
_
do _-
208, 345
62, 213
31, 790
30,423
145, 970
53,930
92,040
191,556
65, 508
35, 304
30,204
125,652
57,334
68,318
190, 780
71,971
35,862
36,109
118,539
41,680
76,859
0)
0)
0)
0)
0)
0)
0)
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
thous. of dol..
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo.-thous. linear yd
Pyroxylin spread
thous. of lb_.
Shipments, billed
thous. linear y d . .
5,966
5,323
4,779
5,349
4,297
1,441
790
564
2,828
6,308
5,704
6,137
7,351
7,950
9,558
7,464
7,479
8,070
6,473
7,543
10,038
7,142
7,703
8,747
7,097
8,017
9,C09
7,488
7,841
8,206
6,698
7,097
7,825
6,637
7, 398
7,112
6,181
6,745
7,584
5,659
6,464
7,797
5,403
6,652
7,300
5,669
6,689
11,144
1,052
11,798
997
5,981
658
11,002
246
11,599
1,146
12, 222
546
9,723
611
201
483
133
179
429
118
196
463
132
100
100
1C0
63
22
73
58
42
62
164
157
149
139
128
105
TRANSPORTATION EQUIPMENT
AIRPLANES
Exports§
number..
511
352
360
533
14,457
496
13,000
378
22, 486
2,099
16,932
3,263
619
21,969
9,012
12,957
13,481
4,056
9,425
12,975
6,958
6,017
20, 616
6,706
13, 910
15, 678
2,279
13, 399
467
1,361
251
448
1,253
253
396
1, C67
234
325
806
209
196
419
142
163
171
176
26, 585
9,840
518, 770
417, 698
101,072
2,408
25, 753
8,538
520,525
418,983
101,542
2,309
24, 654
3,849
444,243
343, 748
100,495
2,061
17,192
3,160
147, 601
78,529
69,072
1, 532
14,496
2, 548
234,255
167, 790
66,465
1,811
19, 360
5,635
382,009
295,568
86, 441
2,024
21, 545
7,003
352, 347
256,101
96, 246
1,864
20,313
6,651
282, 205
174,962
107, 243
1,677
21,751
4,249
238, 261
147, 858
80,403
1,271
20,181
3,989
134,134
52, 200
81. 934
823
515,034
72,170
443,470
62, 265
391, 795
67,412
246, 595
56,191
125, 293
43, 892
165, 485
41,352
164,747
36, 799
174,188
41,006
64,603
23, 3£6
19,177
10,311
AUTOMOBILES
Exports:
Canada:
Assembled, total
number..
Passenger cars
do
United States:
Assembled, total §
do
Passenger cars§
do
Trucks!do
Financing:*
Retail, passenger cars, total...Jan. 1942=100..
Nrw Cfirsdo
Used cars..
do
Retail automobile receivables outstanding,
end of month
Dec. 31, 1939 = 100..
Frofuction:
Automobiles:
Canada, total.
__...number..
Passenger cars
do
United States (factory sales), total...do
Passenger cars
do
Trucks
do
Automobile rims
thous. of rims.Begistrations:J
New passenger cars
number.New commercial cars
-_.do
Sales (General Motors Corporation):
World sales:
By U. S and Canadian plants
do
United States sales:
To dealers..
...do
To consumers
do
Accessories and parts, shipments:
Combined index
Jan. 1925=100.Original equipment to vehicle manufacturers
Jan. 1925=100.Accessories to wholesalers
do
Service parts 1o wholesalers
do
Service equipment to wholesalers
do
14,444
941
20,188
3,192
94, 510
6,216
88,294
669
235, 679
240, 748
224,517
29, 268
89, 300
179,120
171,412
217,120
265, 750
224,119
235, 817
204, 695
195,475
19, 690
84,969
81,169
52,829
162,543
103,854
153, 904
126, 281
252
258
242
246
282
286
270
281
225
128
174
183
282
136
215
208
279
140
231
229
248
154
253
221
258
160
242
216
271
170
298
290
280
174
302
287
271
173
267
288
286
174
297
255
265
144
229
217
139
231
201
141
234
202
130
205
198
1,731
1,656
1,661
1,666
1,671
1,676
1,689
1,694
1,701
1,709
1,718
1,726
63
3.7
48, 351
31, 440
16,911
94
5.8
64,027
49,108
14,919
85
5.2
91,416
69,140
22,276
79
4.8
88,266
66, 641
21, 625
78
4.7
89,917
65,814
24,103
73
4.4
86,943
63, 607
23, 336
4.1
78,974
57, 584
21,390
68
4.1
75, 559
52, 563
22,996
62
3.7
73,697
50, 661
23,036
61
3.6
66, 870
45, 798
21,072
61
3.6
69, 402
49,939
19,463
60
3.5
68, 316
47, 985
20, 331
62
3.6
58,129
39,804
18, 325
2,930
7.5
395
348
47
5,181
13.1
231
201
30
4,862
12.3
265
234
31
4,607
11.7
300
266
34
4,208
10.7
317
269
48
4,022
10.2
46
3,778
9.6
284
240
44
3,634
9.2
281
256
25
3,370
8.6
258
237
21
3,378
8.6
249
229
20
3,231
8.2
300
282
18
3, 228
8.2
426
372
54
3,114
7.9
408
357
51
1,586
716
870
111
50
61
734
205
529
87
22
65
876
255
621
79
9
70
942
297
645
87
11
76
964
297
667
87
8
79
917
285
632
79
12
67
921
268
653
102
27
75
1,022
364
1,210
526
684
96
22
74
1,197
522
675
89
19
70
1,273
551
722
100
28
72
1, 332
589
743
125
57
68
1,425
669
756
132
62
70
RAILWAY EQUIPMENT
Associatkn of Arrerican Railroads:
Freight cars, end of month:
Number ownedthousands.Undergoing or awaiting classified repairs
thousands..
Percent of total on line
Orders, unfilled
cars.E q u i p n e r t manufacturers
do
Raihoad shops
do
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
number.Percent of total on line
Orders, unfilled
number.,
Equipn ent manufacturers
do
Railroad shoi s
do
U. S. Bureau of the Census:
Locomotive s, railroad:
Orders, unfilled, end of mo., total
do
Ste&mf
do
Otherf-.
----do
Shipments, totalf
-do
Ste8mt
-do
Othert
do....
b
'•Revised.
° T h e publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Discontinued.
i Because of changes in the classification of stocks, figures are not available on a comparable basis with data formerly shown. Stocks of wool finer than 40s, other than wool
afloat which is no longer available for publication, as of April 4, 1942, and approximately comparable earlier data are as follows (thousands of pounds): April 4, 1942—total,
166,132; domestic, 59,876; foreign, 106,256; December 1941—total, 142,378; domestic, 77,253; foreign, 65,125; March 1941—total, 104,679; domestic, 44,115; foreign, 60,564.
^Does not include Australian wool held b y the Defense Supplies Corporation. The total includes for June, September and December 1941 a comparatively small amount
of certificated wool in licensed warehouses not included in the detailed figures.
§Data revised for 1939. See p . 17 of the April 1941 Survey; see also note marked " § " on page S-37 of the November 1941 Survey for explanation of revision in 1940 data on
exports of airplanes.
*New series. Beginning January 1942 the Bureau of the Census has discontinued the dollar series on passenger-car financing formerly shown in the Survey and has initiated a series of indexes on a January 1942 base on volume of paper acquired by sales finance companies, including passenger and commercial cars and diversified financing,
and has placed the series on retail automobile receivables on a December 31, 1939, index base. Indexes prior to January 1942 for passenger-car financing have been computed
by the Bureau of Foreign and Domestic Commerce from the former dollar series and linked to the new Census data.
fRevised to include both foreign and domestic data; earlier figures not published on p . S-37 of the January 1942 Survey are available on request.
for FRASER
JData beginning June 1941 exclude Federal Government deliveries and are therefore not comparable with earlier data. See note " $ / ' p . S-37, of December 1941 Survey.
Digitized
S-38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
May
July 1942
1941
June
May
July
August
1942
September
October
Novem- December
ber
January
February
March
April
TRANSPORTATION EQUIPMENT- —ContinuedL
RAILWAY EQUIPMENT-C(jntinued
U. S. Bureau of the Census—Contin lied,
Locomotives, mining and industryil:
Shipments (quarterly), total*... number
do
Electric, total §
do . .
For mining use
Other*
do
American Eailway Car Institute:
Shipments:
do .
Freight cars, total
d o Domestic
Passenger cars, total
do
do . . .
Domestic
do
Exports of locomotives, total
d o Electric
.
do
Steam
242
97
94
145
173
79
73
94
' 1
1 ..
1
7, 573
5,700
41
41
5, 225
4,681
47
47
42
19
23
5, 136
5, 130
12
12
25
10
15
5,537
5,467
37
37
28
21
7
384
373
11
217
180
37
266
238
28
232
225
3, 936
3, 856
32
32
22
15
207
102
99
105
177
84
71
93
5.168
5,044
38
30
25
14
11
7,617
6,626
• 28
28
6,378
6,073
42
42
7,183
7,181
35
29
6,240
6,240
42
42
7, 752
7, 052
24
20
7,781
7,781
28
7,957
7, 273
10
10
260
253
7
323
306
17
298
280
18
271
261
10
330
327
3
309
303
6
371
336
35
400
383
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS!
Shipments^ total
Domestic
Exports
.
number
do-...
do .
.
236
11
17
CANADIAN STATISTICS
Physical volume of business, adjusted:!
Combined index
1935-39=100,Industrial production:
Combined index
do
Construction
,
do
Electric power
do
M anuf acturing
do
Forestry
do
Mining
do
Distribution:
Combined index
do
Carloadings
do
Exports (volume)
do
Imports (volume)
do
Trade employment
do
Agricultural marketings, adjusted:!
Combined index
do
Grain
do
Livestock
do
C o m m o d i t y prices:
116.1
Cost of livingf
do
95.2
Wholesale prices
1926=100..
E m p l o y m e n t (first of m o n t h , unadjusted):
Combined index.
do
Construction and maintenance.
do
Manufacturing.
do
Mining
do
Service
do
Trade
do
Transportation
do
Finance:
Bank debits
. . m i l . of d o L .
53
Commercial failures..
number..
Life-insurance sales, new paid for ordinary!
thous. o f d o L . 40, 336
Security issues and prices:
92,329
New bonds issues, totalf
do
99.5
Bond yieldsf
1935-39 = 100..
62.0
Common stock prices!...
do
Foreign trade:
Exports, total
thous. of d o L . 235,710
Wheat
thous. of b u . . 26,851
922
Wheat flour
thous. of b b L Imports
thous. of d o l . . 147, 530
Railways:
Carloadings
thous. of cars.Financial results:
Operating revenues
thous. of d o L .
Operating expenses
-do
Operating income
do
Operating results:
Revenue freight carried 1 mile.mil. of t o n s . .
Passengers carried 1 mile
mil. of pass-.
Production:
Electric power, central stations
mil. of kw-hr_.
153
Pig iron
thous. of long t o n s . .
Steel ingots and castings
do
243
Wheat flour
thous. of bbl_.
1,481
134.2
137.1
138.0
141.5
148.9
139.1
132.0
141.3
140.6
134.3
136.2
140.4
144.7
178.5
129.1
143.4
114.0
140.8
150. 4
286. 8
123.3
143.5
117.0
125.6
149.2
130.7
130. 8
153.6
131.0
146.3
156.1
145.0
126.1
163.7
129.8
140.9
169.0
166.4
136.2
182.3
145.6
126.0
154.9
145.9
137.4
164.7
132.6
123.6
143.3
129.6
137.5
149.4
123.2
125.6
154.1
184.4
138.9
158.9
127.5
124.4
148.4
125.8
142.9
158.3
126.9
120.2
141.3
103.6
137.6
152.4
134.2
113.7
144.8
153.2
141.7
150. 2
133.5
119.2
152.7
145.0
144.3
159.7
123.0
130.4
114.9
138. 6
196.3
145.0
121.6
112.9
133.9
182.1
143.9
121.8
117.6
139.6
212.7
167. 3
121.2
114.9
128.0
189.7
184.1
122.0
112.4
119.1
169.2
185.6
123.2
110.2
120.6
139.5
170.3
123.9
111.4
124.4
163.2
159.3
123.4
118.1
138.8
163.9
194.9
122.9
125.3
149.6
199.7
229.0
125.2
121.9
140.4
223.7
187.6
123.5
120.7
136.2
230.7
191.3
118.2
118.5
140. 3
221.9
187.5
323. 3
376.1
94.3
217.0
242.7
105.3
268.9
302.7
122.0
95.3
93.7
102.2
55.2
40.1
120.8
113.3
116.0
101.3
81.3
75.6
106.1
129.4
129.3
129.8
136.3
110.4
112.3
93.9
70.6
100.9
81.6
74.9
110.8
84.8
84.2
87.0
109.4
'88.8
110.5
'90.1
111.9
'91.3
113.7
'92.1
114.7
'93.4
115.5
'94.0
116.3
94.0
115.8
115.4
94.3
115.7
94.6
115.9
95.1
115.9
95.0
145.5
120.0
162. 3
174.8
165.6
154.5
99.2
152.9
139.5
168.0
177.2
170.9
156.8
99.2
157.4
149.9
172.5
176.8
179.8
158.5
103.7
160.6
160.7
176.9
178.1
184.0
156.8
105.0
162.7
153.9
181.5
181.6
183.9
157.5
105.9
165. 8
155.4
185.0
182.3
175.7
160.9
104.2
167.6
147.7
187.5
185.0
173.7
163.4
102.8
168. 8
143.4
188.4
183. 5
170.4
167. 1
104.1
165.8
124.7
187.1
177.8
168.0
172.4
101.1
165.4
118.1
191.2
176.8
167.0
156.8
98.2
165.1
103.7
195.7
176.4
169.1
151.7
97.5
165.2
98.0
199.4
175.0
172.8
153.0
99.0
3,266
84
4,241
72
3,242
58
3,150
67
3,301
45
3,627
57
3,427
3,687
78
3,231
77
2,893
64
4,177
56
3,733
36,172
33,670
32, 681
29,597
33,975
41,740
44,984
47,172
43,081
39, 357
35,876
36,232
115,119
101.1
63.9
876,920
101.9
64.0
111, 290
101.5
67.5
83,497
101.2
67.8
62, 521
100.3
71.0
341, 680
100.2
69.1
94,851
99.1
68.8
91, 985
99.3
67.2
90,326
99.4
66.8
90,092 1,044,077
99.3
99.6
64.7
62.3
145, 891
99.6
61.1
162, 663
29, 623
1,341
128, 096
146, 822
23,114
1,751
114, 924
170,901
19, 346
1,922
127, 707
150, 496
14, 721
1,437
137, 913
142, 897
11,341
661
136, 991
139, 678
11,841
441
140,819
164,079
22,105
587
134,191
152, 091
18, 271
930
125, 886
152, 307
11,145
750
142,127
294
272
168,197
5,424
1,056
119, 556
276
271
277
279
294
313
46, 595
32, 257
11,068
44,817
32,122
9,976
45, 442
35, 248
7,262
46, 524
35, 988
7,393
47, 215
35, 861
8,973
51,239
37, 304
11,483
48, 219
35, 496
9,927
50,050
36,134
10,818
45, 422
35,111
7,789
4,387
230
4,381
248
4,257
318
4,323
354
4,447
286
4,796
262
4,711
227
4,356
387
4,246
283
44,044
35,281
6,046
4,031
271
2,805
114
206
2,121
2,560
112
187
2,118
2,661
102
197
2,117
2,640
106
203
1,852
2,867
112
201
1,648
3,140
137
223
1,596
3,184
134
221
1, 665
3,221
148
219
1,577
3,226
146
231
1,556
2,864
129
217
1,585
249
176, 950
9, 765
899
144, 886
169, 998
14, 537
1,128
142,113
271
273
50,858
37, 338
10,036
4,580
325
3,221
149
237
1,807
r
3,083
143
237
1,961
Revised.
° T h e publication of detailed foreign trade statistics has been discontinued for the duration of t h e war.
! D a t a on life-insurance sales revised beginning September 1936; for revisions see p . 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p . 56
of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base; earlier cost of living data appear in table 35, p . 19
f h J
1942 i
C
k i i d s have been converted to the new base by multiplying the ld s r i e s b a
t t
Th i d
fb d
ild h b
15-year V/i percent Dominion issue. T h e production
have also been completely revised; revised data will be published in a subsequent issue. T h e index of grain
receipts at head of Lake and Pacific ports, as formerly.
{Beginning with July 1940, data are reported b y t h e Industrial Truck Statistical Association and cover reports of 8 companies. T h e y are approximately comparable with
previous data which were compiled b y the Bureau of t h e Census.
§Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in t h e Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
*New series. Comparable data on total shipments are available only beginning January 1940. " O t h e r " includes Diesel-electric, Diesel-mechanical, and gasoline or steam
comotives; these are largely industrial; for data beginning with the first quarter of 1939, see p . 55 of the M a y 1941 Survey.
U. S . GOVERNMENT PRINTING O F F I C E : 1 9 4 2
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S38
CLASSIFICATION, BY SECTIONS
Monthly business statistics:
Page
S-l
Business indexes
S-3
Commodity prices...
S-4
Construction and real estate
S-6
Domestic trade
Employment conditions and
S~7
wages
Finance
S-12
Foreign trade..
S-19
Transportation and communications __ __
__
S-20
Statistics on individual industries:
Chemicals and allied products-_ S-21
Electric power and gas..
S-23
Foodstuffs and tobacco
S-24
Fuels and byproducts
.
S-27
Leather and products
.
S-29
Lumber and manufactures
S-29
Metals and manufactures:
Iron and steel
S-30
Nonferrous metals and products
S-3 2
Machinery and apparatus
S-3 2
Paper and printing
S-33
Rubber and products
S-34
Stone, clay, and glass products. S~35
Textile products
S-35
Transportation equipment
S-37
Canadian statistics
„„ ,_ S-38
CLASSIFICATION, BY INDIVIDUAL
SERIES
Pages marked S
Abrasive paper and cloth (coated)
35
Acceptances, bankers'
._
13
Advertising
._
6
Agricultural cash income
_
.
1
Agricultural wages, loans
,__„
13
Air mail and air-line operations
6,20
Aircraft
1,2,9,11,12,37
Alcohol, denatured, ethyl, methanol
21
Aluminum
32
Animal fats, greases
.
21
Anthracite.. _
_
2,3,10,11,27
Apparel, wearing..
3,4,6,9,11,36
Asphalt
._
28
Automobiles
_ 1,2,3,6,8,9,11,12,37
Automobile accessories and parts
37
Banking
13,14
Barley..
24
Bearing metal
„
32
Beef and veal
..
26
Beverages, alcoholic
.
24
Bituminous coal
2,3,10,11,27,28
Boilers
31
Bonds, issues, prices, sales, yields _
17,18
Book publication
34
Brass and bronze
32
Brick
_
35
Brokers' loans
14,18
Building contracts awarded
4
Building costs...
5
Building expenditures (indexes).
4
Building-material prices
3
Butter
24
Canadian statistics...
15,37,38
Canal traffic
20
Candy
.
26
Capital
flotations
17,18
For productive use3
.
18
Carloadings
,_,
20
Cattle and calves
25
Cellulose plastic products
23
Cement
1,2,3,35
Chain-store sales
7
Cheese.
24
Chemicals
1, 2,3,4,9,11,12,14,16, 21
Cigars and cigarettes
27
Civil-service employees
10
Clay products
1, 2,8,9,10,12,14,15,35
Clothing (see also hosiery)
3,4,6,8,9,11,12
Coal
2,3,10,11,27
Cocoa
„
26
Coffee
26
Coke....
_.
28
Commercial failures
14
Commercial paper
13
Construction:
Contracts awarded .
.
4
Costs.
----5
Highways and grade crossings
.
5
Wage rates
„
13
Copper
.
32
Copra and coconut oil
.
22
Corn
25
Cost-of-living index
3
Cotton, raw, and manufactures
2,3,4,36
Cottonseed, cake and meal, oil
22
Crops
1,22,25,27,36
Currency in circulation
15
Dairy products
. .
24
Debits, bank
13
Debt, United States Government
16
Delaware, employment, pay rolls, wages._ 9,11,12
Department stores: Sales, stock*, collections. 7,8
Deposits, bank....
13,14
Pages marked S
Disputes, industrial
10
Dividend declaration payments and rates... 1,19
Earnings, factory, average weekly and
hourly
_. 11,12,13
Eggs and chickens
.
1,3,26
Electrical equipment
2,3,8,9,10,11,12,33
Electric power production, sales, revenues..
23
Employment, estimated nonagricultural
8
Employment indexes:
Factory, by cities and States
9
Factory, by industries
8,9
Nonmanufacturing
10
Employment, security operations
10
Emigration and immigration
...
20
Engineering construction
.__
4
Exchange rates, foreign
15
Expenditures, United States Government
16
Explosives
.
21
Exports
19
Factory employment, pay rolls, wages
8,
9,10,11,12,13
Fairchild's retail price index
„_
3
Farm wages
,
13
Farm prices, index
3
Federal Government, finances
.
16,17
Federal-aid highways and grade crossings
5
Federal Reserve banks, condition of
13
Federal Reserve reporting member banks. __
14
Fertilizers
,
21
Fire losses
5
Fish oils and fish
__
_ 22, 26
Flaxseed
22
Flooring
.
29
Flour, wheat
„
25
Food products
„
1,
2,3, 4, 6, 9,11,12,14,15,16,24,25,26,27
Footwear
1,2,4,9,11,12, 29
Foreclosures, real estate
5
Foundry equipment
32
Freight cars (equipment)
, 37,38
Freight carloadings, cars, indexes
24
Freight-car surplus
.
,
20
Fruits and vegetables
.
3,24
Fuel equipment and heating apparatus
32,33
Fuels
_ 2,3,27,28
Furniture
.
30,31
Gas, customers, sales, revenues
.
23
Gas and fuel oils
. . . . 3, 28
Gasoline.
.
28
Gelatin, edible
.
_.
27
General Motors sales
37
Glass and glassware
1,2,8,9,10,12,14,15,35
Gloves and mittens.
.
29
Gold
15
Goods in warehouses
6
Grains
...
.
3,17,24,25
Gypsum
.
35
Hides and skins
.
28,29
Hogs
.
____.„__.-__
25
Home-loan banks, loans outstanding
6
Home mortgages
.
5
Hosiery
36
Hotels.20
Housing
_.
3,4
Illinois, employment, pay rolls, wages
9,11,12
Immigration and emigration
,
20
Imports
.
.
19
Income payments
.__
1
Income-tax receipts..
,_
16
Incorporations, business, new
6
Industrial production, indexes ,
1, 2
Installment loans
14
Installment sales, department stores _ _.
7
Insurance, life
15
Interest and money rates
,__.__
14
Inventories, manufacturers'
3
Iron and steel, crude, manufactures
1,
2,3,4,8,9,10,11,12,14,15,30,31
Ironers, household
._-...
33
Kerosene
28
Labor, turn-over, disputes .
10
Lamb and mutton
,
26
Lard .
26
Lead
2,32
Leather
1,2,4,9,11,12,14,15,29
Linseed oil, cake, and meal.
...
22
Livestock
25, 26
Loans, real-estate, agricultural, brokers'.. 5,6,13
Locomotives
_._ 37,38
Looms, woolen, activity
.
36
Lubricants.
28
Lumber
1,2,3,8,9,10,11,12,29,30
Machine activity, cotton, wool....
36
Machine tools
8,9,10,11,12
Machinery.. 1,2,3,8,9,10,11,12,14,15,16,32,33
Magazine advertising
6
Manufacturers' orders, shipments, inventories.. .
2,3
Manufacturing indexes
1,2
Maryland, employment, pay rolls
9,11
Massachusetts, employment, pay rolls,
wages
.-.9,11,12
Meats and meat packing
_1,2,3, 9,11,12, 26
Metals
1,2,4,8,9,10,11,12,30
Methanol.
._ — .._ —
21
Mexico, silver production
.
-_-_.
15
Milk..
._
24
Minerals
_____
2,10,11
Naval stores...
.
21
New Jersey, employment, pay rolls, wages. 9,11,12
Newsprint
,
34
Pages marked S
New York, employment, pay rolls, wages. 9,11,12
New York canal traffic
20
New York Stock Exchange
18, 19
Oats
25
Ohio, employment, pay rolls
.
.
9,11
Oils and fats
21, 22
Oleomargarine
23
Orders and shipments, manufacturers'
2
Paint sales
23
Paper and pulp
1,2,3,9,11,12,33,34
Passenger-car sales index
7
Passports issued
20
Pay rolls:
Factory, by cities and States
11
Factory, by industries
10,11
Nonmanufacturing industries
11
Pennsylvania, employment, pay rolls, wages.
9,
11,12
Petroleum and products. 1,2,3,9,10,11,12,16,28
Pig iron
_. 30,31
Porcelain enameled products
._
31
Pork
I
26
Postal business
6
Postal savings
.
14
Poultry and eggs
1,3,26
Prices (see also individual commodities):
Retail indexes
3
Wholesale indexes
3,4
Printing
1,2,9,11,12
Profits, corporation
.
16
Public relief
"
13
Public utilities
4,10,11,16,18,19
Pullman Co
_
21
Pumps
33,34
Purchasing power of the dollar
4
Radiators
31
Radio, advertising
6
Railways, operations, equipment, financial
statistics, employment, wages
1,
2,10,11,13,16,17,18,19, 20,37,38
Railways, street (see street railways, etc.).
Ranges, electric
33
Rayon
.
1,2,4,36
Reconstruction Finance Corporation, loans.
17
Refrigerators, electric, household.
33
Registrations, automobiles
.
37
Rents (housing), index
...
3
Retail trade:
Automobiles, new passenger
6
Chain stores, variety (5-and-10), grocery,
and other
.
7
Department stores
7
Mail order
.
8
Rural general merchandise
8
Rice...
25
River traffic
20
Roofing asphalt
23
Rubber, crude, scrap, footwear, tires and
tubes
-_.- 1,2,3,4,9,11,12,34,35
Savings deposits
14
Sheep and lambs
26
Shipbuilding
1,2,8,9,11,12
Shoes
1,2,4,9.11,12,29
Silk
_
1,2,4,36
Silver
15
Skins
28, 29
Slaughtering and meat packing
1,2,9,11,12,26
Spindle activity, cotton, wool
36
Steel and iron (see iron and steel).
Steel, scrap, exports and imports30
Stockholders
_
_
19
Stocks, department store (see also manufacturers' inventories)
8
Stocks, issues, prices, sales, yields
17,18,19
Stone, clay, and glass products
1,
2,8,9,10,12,14,15,35
Street railways and busses
10,11
Sugar
26
Sulphur. _
.
21
Sulphuric acid
21
Superphosphate
21
Tea
26
Telephone, telegraph, cable, and radiotelegraph carriers
10,11,16,21
Textiles.
1,2,4,9,11,12,14,15,36,37
Tile
35
Tin
—
_.
32
Tobacco
1,2,9,11,12,27
Tools, machine
„
8,9,10,11,12
Travel
_
_
20,21
Trucks and tractors, industrial, electric
38
United States Government bonds
18
United States Government, finances 15,16,17
United States Steel Corporation
_ 19,31
Utilities
4,10,11,15,16,18,19
Vacuum cleaners-..
33
Variety-store sales index..
7
Vegetable oils
22
Vegetables and fruits
3,24
Wages, factory, and miscellaneous
10,11,12,13
War program and expenditures
16
Warehouses, space occupied
6
Washers, household
_..-_
33
Waterway traffic
20
Wheat and wheat flour „._
_
25
Wholesale price indexes
,__ 3,4
Wire cloth...
_.._..
_
32
Wisconsin, factory employment, pay rolls,
and wages
- . 9,11,12
Wood pulp
33,34
Wool
1,2,4,36,37
Zinc
32
What Adjustments Have You Made Because of the War?
What Further Adjustments Will You Be Called Upon to Make?
A new report issued by the Department of Commerce,
Bureau of Foreign and Domestic Commerce, entitled . . .
EFFECTS OF THE WAR ON BRITISH MARKETING
{ A Guide for American Business }
Economic Series No. 18 • • X 5 c
may aid you in making plans and decisions that will have a definite bearing on the methods by which
your business may be conducted. The report describes the British experience in governmental
regulation and activities that affected the entire distributive system. It shows that many of the
problems encountered by the British government differ from our own only in degree, and stage of
development. The methods used to control prices are explained, and their effects are evaluated in
terms of the movement of prices and profits. The nature and extent of reductions in consumers'
goods, the way in which distributors have been affected, consumer rationing methods, effects of
the war on retailing, packaging, advertising, and manufacturers' brands, taxation, and the general
fiscal control of prices are discussed and illustrated with charts and tables.
Trade and Professional Associations of the
United States
Industrial Series No. 3 • • 7 0 c
The most comprehensive directory of the Nation's larger cooperative organizations ever published. Prepared by the Department of Commerce, Bureau of Foreign and Domestic Commerce,
it lists more than 3,100 national and interstate trade and professional associations and gives, fo
most groups, in addition to the name and address, the date of organization, name of the chief
executive, number of members, chief activities of the group, and data on federated groups. Much
summary information is supplied relative to trade and professional groups and the part they play
in the economic life of tlie country.
Copies of the above publications may be obtained, at the prices stated, from the Superintendent of Documents,
Government Printing Office, Washington, D. C.
@FedFRASER