Full text of Survey of Current Business : June 1941
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JUNE 1941
SURVEY
OF
RE
S
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
VOLUME
21
NUMBER
6
The Code ©I Federal Regulations
The National Archives of the
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UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES,
Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CARROLL L. WILSON, Director
SURVEY OF
CURRENT BUSINESS
DIVISION OF RESEARCH AND STATISTICS
CHARLES A. R. WARDWELL, Chief, Current Business Analysis Unit
JOHN D. WILSON, In Charge, Survey of Current Business
Volume 21
JUNE 1941
Number 6
CONTENTS
T h e business situation
Steel placed u n d e r limited priority s t a t u s
C o n s u m p t i o n a t record level
Agricultural p r o g r a m s increase prices
Growth in m a c h i n e tool o u t p u t .
R u b b e r affected by i m p o r t u n c e r t a i n t y
Page
3
4
5
6
8
9
SPECIAL ARTICLE
National income exceeds 76 billion dollars in 1940
11
CHARTS
Figure 1.—Monthly business indicators, 1936-41
Figure 2.—Percentage increase March 1941 from March 1939, i n t h e
y- production of selected c o m m o d i t i e s .
Figure 3.—Value of unfilled orders of blast furnaces, steel works, and
f rolling mills, 1939-41
Figure 4.—Indexes of c o n s u m e r s ' expenditures for durable and
n o n d u r a b l e commodities, adjusted for seasonal variations, 1939-41
2
3
4
5
Page
Figure 5.—Indexes of wholesale prices, J a n u a r y 2, 1937-May 24,
1941
Figure 6.—Total freight-car loadings and loadings of t h e miscellaneous a n d coal classes, J a n u a r y 7, 1939, t h r o u g h May 24, 1941
Figure 7.—Estimated m o n t h l y production of t h e machine-tool
industry and United States exports of m a c h i n e tools, 1 9 3 6 - 4 1 . . . .
Figure 8.—Rubber c o n s u m p t i o n and st cks, 1939-41
Figure 9.—National income in c u r r e n t and 1935-39 dollars, and per
capita income in 1935-39 dollars, 1919-40
Figure 10.—Indexes of n a t i o n a l income in c o n s t a n t dollars and
industrial production, 1919-40
Figure 11.—Percentage increase, 1940 from 1939, in national income
by industrial divisions
Figure 12.—National income by major sources, 1929-40
9
10
12
13
13
14
STATISTICAL DATA
Monthly business statistics
General index
19
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6
8
1
SURVEY OF CURRENT BUSINESS
June 1941
Monthly Business Indicators, 1936-41
INCOME PAYMENTS *
INDUSTRIAL PRODUCTION
160
1 10(1929
(VOLUME , 1935-39 = 100)
140
120
/
100
80
. M M I M M .
1936
J
r\\
J
I
h
90
V
• l(30)
^
80
70
, M . « I
II
\
1 I I!| |
1 1 1 1 II
1936
.1 , . l l . M U
1937 1938 1939 1940 1941
FACTORY EMPLOYMENT AND PAYROLLS
1 1 1 M iM
l
I937
ini,.,,.
I938
Ml.lll.ill
I939
I940
I94I
CASH INCOME FROM FARM MARKETINGS"
100
140
\y
(.1924-2 9 = 100)
90
/
80
80
70
60
60
V
UAj\
\i
1936
1937 1938 1939 1940
i i i M 111111
1936
1941
CONSTRUCTION CONTRACTS AWARDED'
DEPARTMENT STORE SALES
no
(1923-25 = 100)
(VALUE, 1 9 2 3 - 2 5 = 100
3-MONTH MOVING AVERAGE)
1
100
/ "
hJ
i
90
/
A /
\
80
70
/
/
,,,,,,
1936
,
lmii I M I l l l l M l 1 1 M \ \ \\ i 1 1
1937 1938 1939 1940 1941
1936
WHOLESALE PRICES
100
i in i ! i . i M
1937 1938 1939 1940 1941
1937 1938 1939 1940
PRICES OF 3 5 0 INDUSTRIAL STOCKS
IbO
( 1 9 2 6 = l(30)
(1926=100)
IA
90
140
J
80
120
J
1
A
\
A/
1v
inn
70
60
1 1 1 I II 1 I 1111111M11
1 ! 1
1 1 1 ! 1 1 1M
1M
II l 1
l
1936
1 1 1 1 1 I 1I 11 I1
I 11 f 11 1 1 1 1
1937 1938 1939 1940
* ADJUSTED
1941
80
1941
FOR SEASONAL VARIATIONS
)
1 1 1 1 1 1 1 1 1 1
1936
* EXCLUSIVE
Figure 1.
MM
A
\\
\V,
1
A
l i n n nml.
M M
1 1 1 1 1 1 1 11 111It1 1
1937 1938 1939 1940
OF GOVERNMENTAL
PAYMENTS
1941
June 1941
SURVEY OF CURRENT BUSINESS
The Business Situation
output recovered very sharply in May
INDUSTRIAL
from its temporary setback of the previous month.
dollars had been recommended by the President in his
budget message of January, but by May 17 these had
Further advances in defense industries, coupled with risen to 37.9 billion dollars and an additional 6 billion
resumption of heavy output in coal, steel, and auto- was before Congress. To this should be added British
mobiles, pushed production into new high ground. orders of 3.7 billion dollars. By May 1, the Army,
Freight carloadings moved above last year's peak to Navy, and other defense agencies had awarded contracts
the highest total since 1930, while output of electric totaling 15.2 billion dollars and the Treasury had dispower was the largest on record. On other business bursed 5.1 billion. These great sums are required for
fronts reports revealed additional impetus as the de- the variety of purposes summarized in table 1.
fense program accelerated. Continued strength of
In the first year the rate of defense cash expenditure
residential and industrial plant demand offset further jumped from 153 million dollars in June to 837 million
declines in cantonment building to maintain aggregate in May. This initial stage has been aptly termed a
new construction. Trade volumes were high, even in "tooling-up" period—a period which is not yet comrelation to the current flow of income as consumers
PERCENTAGE INCREASE
pressed to satisfy their needs—particularly of durable
+ 140
MOLDING COMPOSITION, CELLULOSE ACETATE
commodities, the output of which will be curtailed as
the defense requirements make an imperative claim
upon scarce resources.
On May 27, one day short of the first anniversar}^
of the defense program, the President proclaimed "that
MACHINERY
an unlimited national emergency confronts this counSTEEL INGOTS
try, which requires that its military, naval, air, and
civilian defenses be put on the basis of readiness to
PIC IRON
DENATURED ALCOHOL
OIL BURNERS (SHIPMENTS)
repel any and all acts or threats of aggression directed
ELECTRIC REFRIGERATORS. DOMESTIC;
HOUSEHOLD (SHIPMENTS)
1
SULPHITE PULP
toward any part of the Western Hemisphere." By
WOOLEN AND WORSTED CLOTH
this proclamation the President automatically assumed
AUTOMOBILES
COTTON CONSUMPTION
additional vast powers of control over the economy of
ZINC. SLAB (AT PRIMARY SMELTERS)
•COPPER. MINE OR SMELTER
the United States, these to be exercised as necessity
SULPHURIC ACID
GLOVES AND MITTENS, LEATHER (CUT)
1
.WHISKEY
FURNITURE
decrees.
LUMBER
GLASS CONTAINERS
PAPERBOARD
TIRES AND TUBES
LEAD, REFINED (PRODUCTION FROM
DOMESTIC ORE)
GELATIN, EDIBLE
S T N B DRIED uuc
GASOLINE
BEEF
BUTTER
SHOES, LEATHER
CRUDE PETROLEUM
Table 1.—National Defense Appropriations and Cash
Expenditures
Appropria- Cash ex| tion and con- penditure
June 1,
I tract author1940| ization (as of May 1,
I May 17)
1941
WHEAT
MARCH 1939
Billions of dollars
Airplanes and accessories
Ordnance
Ships, motor and rail equipment
New industrial facilities
Military posts, depots, fortifications and defense housings.
Other Army and Navy equipment
Miscellaneous (pay, food, reserve materials, etc.)
Total
6.5
7.4
3^8
3.4
1.8
6.0
0.6
. 5
.6
.3
1. 1
1.1
.9
37.9
A large measure of required control had previously
been undertaken. During the past year the Nation's
economy has been gradually reoriented toward the
provision of a larger Army and Navy and the material
they and the British require. For this purpose, a
steadily expanding program has been laid out. Appropriations and authorizations amounting to 28.5 billion
i For a summary of the President's emergency powers consult the Congressional
Record, vol. 87, No. 100 (May 28, 1941), pp. 4605-4611.
FLOUR
.20
MARCH 1941
Figure 2.—Percentage Increase, March 1941 from March 1939, in the Production of Selected Commodities.
NOTE.—Computed from data published in the Survey of Current Business and in
the Federal Reserve Bulletin.
plete. For of the more than 1,600 plants under construction by May, a relatively small number had been
finished. Many more have yet to be started under
appropriations now existing, and the program daily
expands. Nevertheless, along with new building there
now is beginning to appear a growing stream of finished
war material. Henceforth, an increasing proportion of
expenditure will represent such supplies.
That the influence of this already huge defense outlay
has permeated every sector of the economy is a commonplace. Income, production, consumption—all are in
record volume. As pointed out in the article on page 11,
SURVEY OF CURRENT BUSINESS
national income this month is estimated to have reached
an annual rate of 85 billion dollars, and by far the
largest part of the current increase is originating in
manufacturing industries. Obviously here the impact
of strengthened demand has been felt to a varying degree.
Some indication of this is presented in figure 2, which
shows relative gains in output occurring since the spring
of 1939 for selected products. In general, the metals
and metal-using products have increased most substantially, while the nondurable consumer goods have
advanced the least. This reflects the underlying character of the rise—it is based upon the durable goods to
a high degree.
Steel Placed Under Limited Priority Status.
Notwithstanding substantial expansion in the production and importation of the metals, supplies of key
commodities are already regarded as inadequate to fulfill both civilian and military demands. By the middle
NUMBER OF MONTHS
5
June 1941
backlogs, over a short period is not unusual. However,
it is noteworthy that absolute gains in recent months
reveal little tendency to decline. Indeed, the very
nature of the situation was such as to induce a further
growth. For as new defense orders were given preference over those for civilian use, it became necessary for
many firms to chart and attempt to provide for their
raw material needs many months in advance of delivery.
The second report on the adequacy of steel capacity,
submitted by Mr. Gano Dunn of the Office of Production Management to the President, made it clear that
steel output will fall short of requirements for combined
military and full civilian use in both 1941 and 1942.
Mr. Dunn's estimates are summarized as follows:
1942
Steel requirements and capacity
Military requirements-.
Export requirements...
Civilian requirements.^
Total requirements
Estimated capacity at end of 1940 and 1941, respectively.__
91.1
4
Source: Second Report to the President of the United States on the Adequacy of
the Steel Industry for National Defense, Gano Dunn, Office of Production Management, May 22, 1941, pp. 65-66.
3
These figures represent a compromise by Mr. Dunn
in regard to estimates of civilian requirements submitted to him by representatives of the industry
and by the Bureau of Research and Statistics of the
Office of Production Management. The industry group
forecast 1941 civilian needs at 69.4 million net tons
and those in 1942 at 68.5 million tons—a decline in
the latter years notwithstanding the probability of
rising income. The Bureau, on the other hand,
placed civilian needs this year at 72.5 million tons
and those in 1942 at 88.6 million tons—in both instances the calculated amount that would be demanded
if all needs could be met. Mr. Dunn applied certain adjustments to the Bureau's estimates (including
one limiting automobile production in model year
1942 to 80 percent of output this model year), reducing
them to 66.7 and 78.3 million tons, respectively. The
figure shown in the above table represents an average
of the adjusted Bureau and industry estimates. In
every case, the defense program was assumed to be
unchanged from that provided by existing appropriations.
During the first 5 months of this year, 34 million
tons of steel were produced. Mr. Dunn reports
effective capacity (102.5 percent of rated capacity)
at the end of 1940 was 87,576,000 net tons and that
lie expects it to be 91,339,000 net tons at the end of
1941. Capacity for the remaining part of this year
might bo taken as roughly 89 million tons. If this
is the case and the industry should operate continuously at this rate, requirements as indicated by Mr.
Dunn would exceed output by 3 million tons. Again,
2
•
0
Illllllll
1939
muni
Ilimllll
1940
1941
Figure 3.—Value of Unfilled Orders of Blast Furnaces, Steel Works, and
Rolling Mills, 1939-41 (U. S. Department of Commerce).
NOTE.—Unfilled orders are expressed as number of months' shipments at daily aver
age rate in March 1941.
of May, aluminum, magnesium, nickel, nickel steel, and
ferro-tungsten were being strictly allocated under
mandatory, industry-wide priorities. Subsequently,
zinc and copper were added. Of outstanding significance was the further addition to the list of the most
basic of all durable materials in our present-day economy—steel. This commodity was placed under less
formal but equally effective control.
The situation in the steel industry for more than a
year has been one in which incoming business has
consistently exceeded a rising volume of shipments.
The result is depicted in figure 3, showing the growth
of order backlogs from the beginning of 1939 through
April of this year. In April 1940, unfilled orders were
the equivalent of slightly more than 1 month's capacity
shipments (using March 1941 shipments as the measure). Since that time backlogs have expanded continuously and by April of this year they had become
equal to 4K months' shipments. A growth in steel
June 1941
SURVEY OF CURRENT BUSINESS
if the industry were to run at effective capacity for
all of 1942, production would fall short some 6,400,000
tons of the Dunn estimate of requirements.
It thus has been made clear that complete rationing of steel is probably inevitable unless a much larger
expansion than that now contemplated is undertaken. Actually, leading companies have been rationing most steel for some months, with cooperation
from the Office of Production Management in the
case of certain finished types. Under the plan announced at the end of May by the Priorities Division, defense and indirect defense (which includes
machinery, railroad equipment, etc.) orders are to
be given strict preference while the Office of Civilian
Supply formulates plans for equitably allocating remaining civilian orders.
Consumption at Record Level.
While one year of the defense program is adding
considerably to the Nation's capital plant, it has also
resulted in the largest flow of goods to consumers on
record. This is true both absolutely and on a per
capita basis—after allowance for the usual seasonal
changes. From January through April, expenditures
by consumers on all commodities are estimated to have
been 12 percent higher than the like period a year
previous. Figure 4 shows the movement of such
expenditures by quarters from the beginning of 1939
through the first quarter of this year. A large part of
the rise has been concentrated in durable commodities,
purchases of this type during the first 4 months exceeding the total for the comparable period in 1940 by onefourth. Sales of passenger cars, electric appliances, and
household furnishings have been particularly noteworthy. After the best first quarter on record, April
buying of passenger cars rose to a new high of 483,000
and May reports reveal no let-down from this peak.
Similarly, 1,640,000 electric refrigerators were purchased from January through April, another record and
42 percent ahead of last year. Other electrical appliances have recorded comparable gains over the same
period. In the case of household furniture, exceptional
fourth-quarter sales in 1940 have been followed by
buying in the past several months that has run about
one-fifth above a year ago.
Demand for most nondurable goods as a rule fluctuates to a much smaller degree with changes in the
level of income. Purchasing of such commodities has
expanded in good measure since the advent of the
defense program, with expenditure from January
through April one-tenth ahead of the same period in
1940—a very substantial rise from the comparatively
good level a year ago, even though business was slackening its pace in the initial quarter of last year.
Sales of food, clothing, drugs, and shoes all illustrate
the advance. For example, buying from food stores
was 9 percent higher than in 1940, while sales of apparel
stores had grown 15 percent. January-April depart-
ment-store sales (which include some durable items)
increased 14 percent over the 1940 period.
The heaviest purchasing has been of goods which
embody materials, machines, and personnel which can
be utilized in defense industries. Hence, as the initial
"tooling-up" period of the defense program gives way
to expanding output of actual war material, competition
between durable consumers7 industries and defense needs
must greatly increase. As shown above, it is already
clear that existing capacity in key raw material industries is insufficient to provide both the present output of
consumer durables and the anticipated defense production. For this reason, the supply of new consumer
durables coming on to the market must decline before
the year is out. However, as has been suggested
previously, stocks of durables now in the hands of
FIRST QUARTER 1939= 100
160
140
DURABLE^J
120
100
NONDURABLE
80
2 NO.
3 R0.
2 NO.
3 RO.
2 NO.
3 RO.
4 TH.
194! D.D.4I-2I6
1940
Figure 4.—Indexes of Consumers' Expenditures for Durable and Nondurable
Commodities, Adjusted for Seasonal Variations, 1939-41 (U. S. Department of Commerce).
1939
consumers are the highest in history on a per capita
basis. If the supply of commodities necessary for
operating many of the durables—petroleum, electricity,
gas, etc.—can be maintained (and here the chief problem at the moment is one of transport capacity), the
services yielded by these large consumer stocks will
continue to be very high over the next few years.
Substantial Advance in Prices.
Price influences of an inflationary nature which have
gathered strength in recent months emerged more
openly in May to bring about the largest rise since the
speculative upsurge in the early autumn of 1939. The
comprehensive weekly index of the Bureau of Labor
Statistics covering 887 commodities advanced during
the month from 83.2 to 85.2—approaching the peak of
1937. This movement was general in character and as
such differed from the more creeping advance over the
period subsequent to August of last year, when first one
group of prices, then another, climbed slowly upward.
A number of factors were responsible for the accelerated movement in May. The most comprehensive
of these, of course, was simply a continuation of the
situation in previous months: namely, the growing strength of demand in almost all sectors of the
6
SURVEY OF CURRENT BUSINESS
economy which pressed upon supplies that in many
cases were increasingly limited by capacity operations
and inadequate imports. Prospective shortages of
some import commodities were more clearly revealed
by the President's announcement of the eventual
diversion of 2 million tons of American shipping to
British needs. Hence speculative activity in these
markets created a further price advance in rubber,
cocoa beans, and many other import goods. Among
domestic manufactures, textiles and chemical products registered the most outstanding rise. Here (as
in a number of other industries) higher labor and
raw material costs were offered as reasons for expecting a future price advance and heavy anticipatory
buying led to an immediate increase. That the rise
overshot the mark in some instances was apparent
from the experience in the combed yarns—an important
raw material used in the manufacture of cotton textiles,
garments, and other products. From January through
mid-May the price of the largest volume grade rose
from 37 cents to 52 cents a pound. As this increase
was far in excess of the rise in manufacturing costs
(including cotton costs at the 85-percent parity loan
rate), the Price Administrator established a maximum
price of 42 cents, 20 percent under the market quotation.
The most considerable upward price movement in
May, however, took place among farm and food products and was directly linked to the new agricultural
program. The following table reviews the course
since the first of the year of the farm prices most
affected by changes in the program.
Table 2.—Wholesale Prices of Selected Farm Products
Week ended—
Dec. 28, 1940
Jan. 25, 1941
Feb. 22,1941
Mar. 29, 1941
Apr. 26,1941
May 24,1941
May 31,1941
Wheat- Cornall classes No.
3 yeland
low at
grades in Chicago
6 markets
CottonMiddling
Mein. in
10 markets
l
H o g s - Butter— E g g s average 92-score
fresh
at firsts
all purat
New
chases at
Chicago
York
Chicago
(car lots)
Cents per Cents per Cents per Dol. per Cents per Cents per
cwt.
Ib.
bu.
bu.
Ib.
doz.
9.86
6.68
85.4
61.2
33.44
22.10
8.08
10.10
64.4
87.5
17.50
30.85
10.11
7.71
78.7
61.8
30.75
16.05
7.66
10.79
67.2
89.8
19. 67
32.45
11.00
8.45
89.0
69.1
33.50
21.79
9.25
12.84
73.3
96.4
23.38
35.75
12.72
9.36
92.5
73.8
35. 31
23. 75
Agricultural Programs Increase Farm Prices.
Two recent changes in the agricultural program
have been chiefly instrumental in leading farm and
food prices higher. During April the Surplus Marketing Administration began substantial purchases of
pork, dairy, and poultry products in the open market
in accordance with a plan (which will continue in
force until 1943) for advancing prices and hence
stimulating production of these foods, both for domestic consumption and lease-lend transfer to Great
Britain. Moreover, in May, passage by Congress of
Public Law 74 required loans of the Commodity
Credit Corporation on 1941 cotton, wheat, corn, rice,
and tobacco to be increased to 85 percent of parity.
June 1941
Some idea of the possible effect of the latter program
is indicated in table 3. As of May 15, the indicated
loan rates on wheat and cotton have been advanced
more than 50 percent to 97.7 cents a bushel and 13.7
cents a pound, respectively. The corn loan—-already
nearer parity—will rise less sharply, an important
fact since efforts to expand output of livestock products must be adjusted to the level of corn and other
teed prices. Part of the indicated rise in loan rates is
due to the increase to 85 percent of parity, while a
small part is due to the advance in the general price
level, for the parity price is based on the average relation of the price of the farm commodity in question
to the prices of commodities purchased by the farmer
ALL COMMODITIES OTHER THAN
FARM PRODUCTS AND FOODS
1937
1938
Figure 5.—Indexes of Wholesale Prices, January 2, 1937-May 24, 1941
(U. S. Department of Labor).
(together with interest and taxes paid by him) in the
years 1909 through 1914. With the possible exception
of corn, the supplies of important loan commodities
were already more than ample to meet all requirements
before the increase in loan rates. Hence, strict control over production of these commodities will be
necessary to avoid burdensome additions to existing
surpluses (a policy in direct contrast to that in regard
to pork, dairy, and poultry products).
The advance in loan rates will raise the actual
return received by the farmer for a unit of his crop
to the approximate parity price. Commodity Credit
Corporation loans establish a minimum price level
for quota marketings of the loan commodities. But
in addition, producers of these crops receive two other
payments: one an agricultural conservation payment
and the other a parity payment (both are listed in
table 3). The latter payments are made only on the
normal yield of the allotted acreage. For example,
on this yield the wheat grower will receive a minimum
approximating $1.16 a bushel—-the 98-cent loan minimum plus an 8-cent agricultural conservation payment
plus a 10-cent parity payment.
Higher loan rates on principal crops and larger
returns from livestock are expected to increase farm
income this year more than a billion dollars over the
9.1 billions realized in 1940. Such an income will be
June 1941
SURVEY OF CURRENT BUSINESS
the highest attained since J929 when the aggregate
was 11.2 billion dollars. In terms of real income,
however, the fanners' return will probably be higher
than in 1929, as prices paid for commodities used in
farm production and farm home consumption have
fallen about 15 percent since that year.
Table 3.—Government Loan, Agricultural Conservation, and
Parity Payment Rates on Principal Crops
Commodity Credit Corporation loan rate
on 1940 crop
Parity price May J5f 1941
Indicated loan rate on 1941 crop at 85 percent of May 15, 1941, parity price
Percentage change of 1941 over 1940 crop
loan rates
United States average price received by
farmers at local markets May 15,1941
Government payment rates on 1941 crop:4
Agricultural conservation payment. - _
Parity payment
3 16. 2
0.8
0.9
1
2
Basic loan rate on Middling 7/s inch.
A verage loan and purchase value of 1940 flue-cured tobacco acquired for subsequent
export
to Great Britain.
3
Season average price for the 1940 crop. No sales reported since January 1941.
4
On normal yield of acreage allotments for 1941.
New Orders for Durable Goods Decline Slightly.
Though the pace of the advance in consumer demand
shows no signs of abating, some leveling off has appeared
in the huge upsurge of capital goods buying. During
April the durable goods component of the Department
of Commerce index of manufacturers new orders fell
from 285 to 276 (January 1939 — 100). However, this
was not sufficient to counter a sharp 7-point advance in
the nondurable component to 143 (a new high for this
series) and the aggregate index moved from 194 to 195.
The largest decrease among the durables occurred in the
machinery and transportation equipment groups, while
the incoming business in the iron and steel industry
remained virtually unchanged from the tremendous
volume of the previous month. Among the nondurables, the increase was general with a number of
the consumer goods in the lead.
Despite this smaller volume of new orders, in no
instance could incoming business be described as other
than very large. Though shipments were heavier in
almost all lines save automobiles (where work stoppage
brought some decline), manufacturers' unfilled order
backlogs advanced a further 5 percent. What this
means in terms of lengthening the period of commitments was illustrated above in reference to the steel
industry.
The heavier movement of goods in almost all manufacturing industries lifted the index of shipments from
165 in March to 172 in April, a gain about equal to the
average since the first of the year. As compared with
the preceding 2 months, a somewhat larger proportion
of these goods flowed into inventory. Accumulation
for the month amounted to 140 million dollars, lifting
the Department of Commerce index to 123.6. It was
a year previous that the short period of liquidation of
manufacturers' inventories after the abortive upsurge
in the fall of 1939 was completed. Over the intervening time stocks have expanded in value terms about 1.6
billion dollars. While the increase during April, as in
previous months, was general in character, rapidly
growing defense industries with heavier raw material
and goods in process needs were responsible for the
most substantial rise. These are about the only durable
industries in which much further growth of inventories
is expected to occur. Control over raw material stocks
by the Office of Production Management is widening
appreciably, and as it is implemented successfully, some
disinvestment of inventory will be forced in a number
of industries.
Among retailers and wholesalers, inventory accumulation has not been large as yet, though in each case the
movement has been greater than is usual at this time of
year. From January through March the adjusted
index of department store stocks had advanced from
71 to 74, while stocks of wholesalers in the first 4
months expanded about 5 percent.
Production Rises Sharply.
Industrial output resumed its rapid advance in May
directly upon settlement of management-labor disputes
in several key industries. Declines in the output of coal,
automobiles, and steel during April had been sufficient
to reduce the Federal Reserve index of industrial
production some 4 points to 139. However, activity
in these industries recovered very sharply early in
May, and with effective support from such defense
industries as machinery, shipbuilding, aircraft, and the
nonferrous metals, the Federal Reserve index jumped to
a new high of 148, after adjustment for the seasonal
variation usual in more normal years.
The upsurge in bituminous coal production (the
industry most affected by work stoppage in April)
brought production within 90 percent of the March
level, and in itself added more than 4 points to the
Reserve Board index. After some hesitancy because of
price uncertainties, output of anthracite also rose
3,858,000 tons being produced in May as contrasted
with 3,198,000 tons in April.
Automobile production usually declines sharply in
May, but record demand, prospective raw material
shortages, and smaller output in April all combined
to induce an increase of more than 20 percent in May
of this year. Ford operations were exceptionally
large in consequence of the shut-down during the
previous month, with operations in some plants being
resumed on a 6-day basis. A total of 555,000 units
(including the small Canadian production) were produced by the industry, the highest total for any month
since 1929.
In the steel industry, the coal stoppage had interrupted the flow of raw materials and some operators
took advantage of the situation to refine furnaces.
8
SURVEY OF CURRENT BUSINESS
Output did not regain its former peak until the latter
part of May when production was near 100 percent
of capacity. For May as a whole, 7,101,800 tons were
produced, as compared with 6,757,700 tons in April.
Freight carloadings during the month climbed to
866,017 weekly, the largest movement for any week
since 1930. The chief gain as compared to the previous month naturally appeared in the movement of
coal, as may be seen in figure 6. At the end of the
month the coal movement was about 15 percent above
a year previous, though not back to the winter level.
THOUSANDS OF CARS
IOOO
900
f{
800
700
TOTAL
f
A
A/
June 1941
steady revision of the maximum power requirements
expected in most districts this year, as published by the
Federal Power Commission. Whereas, last winter
maximum assured capacity appeared to be adequate
through 1941 for almost all districts, the latest estimates
of requirements reveal the expectation of a growing
tightness of supply in many regions before the year is
out. Expansion of capacity is continuing apace, with
programs being constantly revised upward. For the
year as a whole the Federal Power Commission now
reports a contemplated addition of 3,352,639 kilowatts
of generating capacity. As this is not sufficiently large
in all areas, a number of power pools are being formed
which will more equitably distribute available supplies
over regions of greater area. Meanwhile, drought in
the Southeast and New England continued to lower
both present and future hydroelectric supplies to a
serious extent in those areas.
Growth in Machine Tool Output.
Machinery, aircraft, and shipbuilding have been the
major defense industries moving ahead most rapidly in
recent months, output in each instance increasing at
600
an average rate of 5 percent or better. On none of
these has pressure for expansion been any greater than
500
on the machine tool industry, for machine tools are an
integral part of the huge complex of armament and
400
other supporting industries now under construction.
j MISCELLANEOUS
The response of the industry to the demands made
upon
it is charted in figure 7. Since August 1940
300
production has advanced at an average monthly rate
exceeding 5 percent. If such an expansion be continued
200
(and it can be bettered), the value of output this year
will rise to around 800 million dollars, which may be
compared with an output of 450 million dollars in 1940
100
and less than 300 million in 1937 and 1929—all years of
substantial capital formation.
An examination of the chart of production and
1939
1940
1941 DD4,- T
Figure 6.—Total Freight-Car Loadings and Loadings of the Miscellaneous
exports discloses that the initial impetus for greatly
and Coal Classes, January 7, 1939, Through May 24, 1941 (Association
enlarged machine-tool output came from export deof American Railroads).
mand following the outbreak of the war in 1939. The
Other types of freight were also being shipped in rise in exports roughly paralleled the rise in production
heavier volume, evidencing for the most part a larger- throughout 1940 with England receiving increasing
than-seasonal rise. However, the backbone oi the amounts. Shipments to Britain reached a peak of
upward movement continued to be the steady expansion about 20 million dollars per month in the final quarter
of miscellaneous carloadings—which contain most in- of 1940 compared with 8 million dollars in July of that
dustrial freight. Topping May 1940 by nearly 30 per- year. Exports have since declined to 18 million in
cent, this class of loadings has moved above the figure March, with well over 90 percent going to England and
for all years subsequent to 1930.
Canada. Continuation of the precipitous rise in proThe electric power industry is undergoing a similar duction since last fall has been in answer to defense
experience in regard to industrial demand. Output in demand. All told, reduced exports coupled with
the latter part of May was the highest on record, rising- increased production have nearly doubled the flow of
above 3 billion kilowatt-hours for the week of May 24 new tools to domestic industry since the year end.
(using the newly published series of the Edison Electric
Expansion of output b}^ the industry to date has
Institute which includes power generated by Govern- involved plant expansion, additional employment of
ment and industry not heretofore reported). Since labor, longer hours, and the extension of subcontractMarch it has been running about 16 percent ahead of ing. Almost 24,000 wage earners were added during
last year. These increases have been reflected in a 1940 and the Bureau of Labor Statistics' survey of
1
/
1
vr
1 I
f
!
!
1 |
|
f
|
li
2I
SURVEY OF CURRENT BUSINESS
June 1941
estimated labor requirements in the machine-tool
industry indicates that an additional 22,600 will be
employed during 1941. More than half of this number
have already been added as of April. Greater difficulties are expected in recruiting labor during the
latter half of the year, and steps have been taken to
improve training programs and to obtain deferment
of skilled workers called in the draft.
That further large gains are possible in this and
other defense industries as a result of more intensive
operations in existing plants has again been revealed
in field studies conducted by the Department of Labor
last March. Some 587 plants employing 618,000 employees in 12 defense industries were covered and it
9
chinery producers who have resources of equipment
and skilled labor which can be brought to bear on the
machine-tool problem.
In order to assure continuous output in the event that
orders are not perfectly geared to the availability of
equipment, the Reconstruction Finance Corporation
on May 16 announced a loan of 200 million dollars to
the Office of Production Management for purchase of
machine tools. The loan, made in addition to an
earlier 35-million-dollar loan, permits the Defense
Plant Corporation to place orders for all types of
machine tools which will be distributed by O. P. M.
where needed. No orders have been placed as yet.
Rubber Affected by Import Uncertainty.
One of the most important commodities affected by
the growing tightness of shipping facilities in recent
months has been crude rubber. Consumption has
been extremely heavy as compared with recent years,
with successive new highs being attained in January,
March, and April. Over the first 4 months total crude
consumption of 269,000 long tons exceeded the 1940
record for the same period by 25 percent. An informal
agreement among rubber manufacturers, suggested by
the Office of Production Management, contemplates
some curtailment of consumption after June 1. However, the continuing effort to accumulate and conserve
stocks may require Federal regulation of consumption.
Total domestic stocks of crude rubber as of the end
of April, inclusive of Government holdings, were re1941
1936
1937
1938
1939
1940
ported at 329,767 long tons, equal to 5 months' supply
at the April consumption rate. In addition, stocks
Figure 7.—Estimated Monthly Production of the Machine-Tool Industry
and United States Exports of Machine Tools, 1936-41 (U. S. Department
afloat
to the United States amounted to 153,484, an
of Commerce).
additional 2 months' supply at the April rate. Since
was discovered that 72 percent of the employees were February 1940 (when stocks were at their low point for
included in the first shift, 20 percent in the second, and that year) the additional accumulation of crude rubber
only 8 percent in the third. However, in many cases has been about 200,000 long tons and 85 percent of this
bottlenecks in specific parts of plant facilities or short- has gone into Government reserve, including rubber
ages of particular kinds of labor prevented full three- acquired b}^ the Commodity Credit Corporation by
shift operations. Many workers on the first shift barter with England. However, the present Governlabored overtime, the average work-week for these ment stockpile is less than half of what it is expected to
being 49.8 hours. Only 60 percent of all workers be. The Rubber Reserve Corporation has contracted
were employed on Saturday, while 10 percent worked to buy up to 430,000 tons of Far Eastern crude, and
Sundays. Of the plants reporting, 90 manufactured 24,000 tons of Brazilian rubber. Through April 30,
machine tools. In these, the first shift included 71 only 112,000 tons of this had been delivered or was in
percent of the workers, the second 23 percent, and the transit. The balance of this reserve is to be accumuthird 6 percent. The average work-week was 60.6 lated in 1941 if the necessary shipping facilities can be
hours.
made available. Meanwhile, if the April consumption
Exact information regarding subcontracting in the rate were cut even as much as 42 percent, total stocks
machine tool industry is still incomplete. It is esti- on hand plus stocks afloat at the end of April would still
mated, however, that 22 percent of total machine tool only be equal to a year's supply.
output in the final quarter of 1940 was produced under
The plan to limit automobile production in the comsubcontracts, and that more than one-fourth of current ing model year will result in some saving of rubber.
production is accounted for in this manner. With the The initial 20-percent cut in production would reduce
machine-tool industry under extreme pressure, sub- rubber consumption only 50,000 long tons, something
contracting largely extends to a wide variety of ma- less than 1 month's consumption at the current rate of
MILLIONS OF DOLLARS
80
319333—41
2
SURVEY OF CURRENT BUSINESS
10
use. Part of this saving may be offset by increased
demand for replacement rubber on automobiles. In
recent years replacement has accounted for about twothirds, on the average, of total tire demand.
THOUSANDS OF LONG TONS
00
CONSUMPTION
O A
CRUDER
10
> RECLAIMED
20
~£—_^—-
0
1
!
1
<
t
1
t
!
!
1
1
.
i
500
STOCKS
400
(END OF MONTH )
300
CRUDE (INCLUDING
GOVERNSENT HOLDINGS)
200
100
RECLAIMED *.
. . . . .
i
1939
. . .
GOVERNMENT^
HOLDINGS
^
—...-•.«•"
i , ,
1940
/
i
. i
|94|
. . . . .
D 0.41-208
Figure 8.—Rubber Consumption and^Stocks, 1939-41.
NOTE.—All data for 1939 and 1940 and Government holdings for 1941 are from the
U. S. Department of Commerce; other data for 1941 are from |the [Rubber [Manufacturers Association, Inc.
Attempts are being made to stimulate the production of natural rubber in the Western hemisphere,
and also domestic production of synthetic rubber.
However, the Department of Agriculture program for
fostering crude rubber production in Latin America
June 1941
cannot influence United States rubber supplies appreciably for many years. Currently, little Brazilian
rubber is available to United States buyers, owing to
increased Brazilian and Argentine buying of Brazilian
output. Meanwhile, domestic guayule rubber plantation possibilities have been brought to the attention
of Congress in House debate.
Domestic production of synthetic rubber has been
of minor importance to date, and the price of the
synthetic product is still substantially above that of
crude. Negotiations looking toward a sizable expansion in productive capacity for synthetic rubber
have been carried on for several months between the
Federal Loan Administrator and prospective producers.
As a result, four rubber manufacturing companies
arc now establishing plants with capacity for 2,500
tons each per year, so planned as to facilitate quick
expansion to 10,000 tons each. Additional plants of
this nature can, of course, be constructed if desired.
The current heavy consumption, import uncertainties, and limited supplies available for trading purposes all contributed to an increase in the price of
crude rubber of more than 5 cents a pound between
late January and the middle of May. On May 13
the price of No. 1 ribbed smoked sheets touched 25
cents, not equaled since May 10 last year, at the time
the big German westward drive began. By the end
of May of this year, however, the price had dropped
somewhat to less than 23 cents. This was due chiefly
to more-, liberal offerings from producers and indications of increased May arrivals with the prospect
that, for the immediate future at least, arrivals will
continue to exceed consumption. Higher margin requirements proposed by the Office of Price Administration and Civilian Supply for futures trading in
rubber, and the setting of maximum prices for combed
cotton yarns, which implied the possibility of definite
price limits over a wide area of nondurable goods,
also had a restraining influence on the rubber market.
June 1941
SURVEY OF CURRENT BUSINESS
11
National Income Exceeds 76 Billion Dollars
in 1940
By Milton Gilbert and Dwight B. Yntema
as a result of the stimulus provided by the
LARGELY
defense program, the national income of the United
States rose to 76 billion dollars 1 in 1940—-more than 5
billion above the total reached in the preceding year.
This comprehensive measure ol the net value of the
commodities and services produced by the economic
enterprises of the country, both private and public,
was higher in 1940 than in any year since 1929, when the
record high of 83.4 billion dollars was attained. It w^as
above the decade's previous high, 1937, by a good
margin. Moreover, in terms of the physical quantity
of goods and services produced—that is, dollar values
adjusted for price changes—the national income in
1940 was at an all-time high and it likewise exceeded
the 1929 volume on a per capita basis.
Rapid Rise in Second Half of 1940.
Compared with advances in other years of the
recovery period since 1932, the rise of 5.4 billion dollars
in national income for 1940 was not exceptional. This
is a reflection of the fact that economic expansion in
1940 was confined largely to the latter half of the year.
The flow of income actually declined during the first
4 months and recovered only moderately in May and
June, After the midyear, however, a vigorous upswing
began and the rate of income flow increased by more
than 1 percent a month. It is estimated that 53 percent
of the year's income was produced during the second
6 months of 1940, after allowance for the usual seasonal
difference between the first and second 6-month periods.
The motivating forces behind these changes in the
flow of national income during 1940 all stem from the
military developments in Europe. The decline during
the first third of the year was itself a reaction to the
upward surge of economic activity in late 1939 which
was based to a considerable degree upon the wave of
1
The present estimate for 1940 compares with a preliminary figure of 74 billion dollars released in the February 1941 issue of the Survey of Current Business, The
Bureau of the Census has recently published preliminary data on the Census of
Manufactures for 1939, and for certain of the Industrial Censuses for that year. These
preliminary totals have made necessary important upward revisions in the pay roll
estimates for 1939 and consequently 1940, notably in trade and manufacturing, but to
some extent in the service industry. Significant revisions have also been made in
the finance and contract construction industries. In comparing the present estimates
of the industrial origin of the national income for 1939 with those released in the
June 1940 issue of the Survey of Current Business it should be noted that Social
Security contributions are now included in the industrial composition of income.
In addition, several minor transfers have been made, most important of which is the
transfer of shipbuilding from the construction to the manufacturing industry. In
general there have been no significant revisions in the data for years prior to 1937.
The one important exception is in the finance industry where a special tabulation of
individual and partnership returns to the Bureau of Internal Revenue for 1936 has
made possible for the first time an estimate of entrepreneurial income in the brokerage
industry. The resulting revisions are of some magnitude for the years 1938 and 1937
and for 1929 and earlier years but the estimates for recent years have been little
affected.
inventory accumulation initiated by the outbreak of
war. From the beginning of 1940 the inventory movement contracted sharply until the invasion of the Low
Countries by the German forces on May 10 caused a
drastic change in the fundamental economic situation.
This change resulted, in the first instance, from the
acceleration in the rate of Allied purchasing of war
materials in this country and, after the middle of the
year, from the growing demands of our own defense
program.
Citation of a few figures will show the magnitude of
these propelling forces. Exports of principal warrelated products 2 in 1940 were more than double the
total for the year earlier, rising from 706 million dollars
to 1,492 million. Approximately 55 percent of the
1940 export total was concentrated in the second half
of the year. Defense expenditures of the United States
also more than doubled, with an increase from 1,290
million dollars in 1939 to 2,634 million in 1940. But
not only was the absolute rise of defense spending considerably larger than war-induced exports, it was concentrated to a greater extent in the second half of the
year. With an advance from little more than 150
million dollars in June to 460 million in December,
about two-thirds of the year's outlay for rearmament
was made after the midyear. In addition to these
actual deliveries of armament materials here and
abroad there was, of course, the stimulus of the work
started by many industrial firms upon the huge volume
of orders placed. Its importance in raising the level of
national income is indicated by the inventory increase
in durable goods industries of about 850 million dollars
from August through December.
These three factors provided the stimulus which
pushed up the level of income. There were, of course,
substantial increases both in induced investment and
in consumers' real income.
Upward Movement Continued in 1941.
The upward movement of the national income has
continued during the first half of 1941, although at a
moderately slower pace than during the previous
half-year, owing to capacity limitations and material
bottlenecks. It is estimated that the national income
has risen from the year-end rate of about 80 billion
dollars to an annual rate in June approximating 85
billion. During this period, however, the defense
program had so grown in size as to overshadow the
2
Includes heavy iron and steel, nonferrous metals, metalworking machinery, aircraft, firearms> and chemicals.
SURVEY OF CURRENT BUSINESS
12
other stimulating forces in the economic situation.
Whereas defense expenditures amounted to 900 million
dollars in May, up from 460 in December 1940, exports
were relatively stable in the early months of 1941 and
the rate of inventory accumulation actually fell off
rather sharply.
With the huge expansion in the output of defense
equipment projected for the year ahead, recent trends
may be expected to continue. A further rise of the
national income is assured as still unused capacity
and new production facilities come into operation.
Furthermore, the rearmament effort will assume a
position of almost complete dominance as a causal
factor, entirely dwarfing the impact of changes in
other independent demand factors.
The expansion in nondefense industries induced by
British and United States armament outlays, however,
DOLLARS
BILLIONS OF DOLLARS
100
NATIONAL INCOME IN
CURRENT DOLLARS
(LEFT SCALE)
80
800
60
600
400
40
PER CAPITA INCOME IN
1935-39 DOLLARS
(RIGHT SCALE)
200
20
1920
1925
I
1930
I
I
I
I I
1935
I
1940
DD 41-201
Figure 9.—National Income in Current and 1935-39 Dollars, and Per
Capita Income in 1935-39 Dollars, 1919-40 (U. S. Department of Co m
merce).
may be expected to be less marked during the coming
year. Up to the present the existence of unused
capacity has allowed induced demands to be met without serious restriction. However, shortages of many
raw materials that enter into durable goods have now
appeared, and it can be expected that both producers'
and consumers' durable goods industries will be unable
to produce in sufficient quantity to meet all nondefense
demands. In part, this will be reflected in a greaterthan-usual rise in nondurable goods and service industries and probably, in part, in a less-than-usual
relationship between the investment stimulating force
(defense outlays in this case) and the increase it induces
in the total output of goods and services.
Real Income at New High.
Inasmuch as the rise of the national income in 1940
was accompanied by only a slight rise in the prices of
finished products, the increase over 1939 largely represented an increase in the physical quantity of goods and
services produced. This is evident in figure 9. The
three lines in the chart show the effect of successive
allowances for price changes and population growth,
depicting the estimated value of the national income
in current dollars and in average 1935-39 dollars and
June 1941
the latter after reduction to a per capita basis.3 These
adjustments provide a closer approximation to a measure
of the change in the economic well-being of the Nation.
The importance of making an adjustment for changing prices is clearly apparent. Whereas in 1937,
for example, national income in current dollars was
still 14 percent below the 1929 total, the national
income in fixed prices was slightly above the 1929
volume. After the recession of 1938 the national
income in constant dollars moved to new highs in
1939 and again in 1940. In the latter year it was as
much as 11 percent larger than in 1929. Real national
income was approximately equal in 1932 and 1921
and the annual averages for the 1923-29 and 1934-37
periods were substantially equivalent. Some significance may be attached to the fact that the real national
income, as estimated, was almost 60 percent higher in
1939 and 1940 than 20 years earlier.
The growth of population from about 105 million
persons in 1919 to approximately 132 million in 1940
should be kept in mind in appraising the significance
of this 20-year growth in the physical volume of
national income. Allowing for this population growth,
real income per capita in 1937 and 1939 was about
equal to the per capita real income in 1927 and
1928. By 1940, real income per capita was above
the 1929 peak; between these years the 11-percent
gain in total real income more than offset the 9-percent
increase? in population. About half of the 60-percent
rise in aggregate real income from 1919-20 to 1939-40
represented a gain in per capita income.
Components of the National Income Total.
Before proceeding with an analysis of changes in
the composition of the national income, the meaning
and content of the concept may be reviewed briefly.
National income is the measure of the value of the
net output of commodities and services produced by
the private and public enterprises of the economy.
It includes the economic activities carried on by all
producing entities—corporations, partnerships, individual enterprises, and governmental agencies. In practice, the development follows industrial lines so that
measures are at once provided for the segments of the
national income that originate in each of the several
broad industry groups such as agriculture, mining,
trade, etc. The measure is net in the sense that the
value of materials and supplies and of plant and equip3
Conversion of national income in current dollars to national income in average
1935-39 dollars was accomplished as follows: The portion of estimated national income
comprising consumers' goods in each year was determined by subtracting "net
capital formation" in current dollars (taken from Simon Kuznets' Commodity Flow
and CapiU.l Formation and supplemental materials, National Bureau of Economic
Research) from the national income totals shown in table 5. This consumers' segment was converted to average 1935-39 prices by use of the United States Bureau of
Labor Statistics cost-of-living index and the XTnited States Bureau of Agricultural
Economics index of the prices paid by farmers for commodities bought for farm family
maintenance. The weights used in combining the two series w^ere based on estimated
percentages of urban and rural population in the 1935-39 period multiplied by average
incomes per person in urban and rural families, respectively, as found in the National
Resources Committee's report on Consumer Incomes in the United States. To
these adjusted yearly figures were added the Kuznets net capital formation data in
1929 dollars after the latter were shifted to average 1935-39 prices.
13
SURVEY OF CURRENT BUSINESS
June 1941
ment consumed in the process of production is deducted of national income. As in other years of very high
from the gross value of goods and services produced business volumes, the rise in industrial production in
in order to obtain the value of net production.
1940 was considerably larger than in the national income
The private and public enterprises utilize personal total. Against a rise in the former of approximately 20
services and capital provided by individuals, who thus percent, the national income, adjusted for price changes,
both, contribute to the productive process and share in increased by 7 percent. In this regard the armaments
the division of the net product. The net product is boom of 1940 was similar to the durable-goods investrepresented by returns in the form of salaries and ment booms of previous periods.
wages, net income of business enterprises, interest, and
The same influence is evident in the changes recorded
rents and royalties. Salaries and wages, supplements in the industrial components of the national income.
to salaries and wages, interest, and net rents and Figure 11 shows that manufacturing, mining, and conroyalties are conceived as paid out by enterprises. Net tract construction were the only components showing a
incomes of businesses, on the other hand, are transferred percentage increase from 1939 greater than the over-all
1935-39 » 100
increase in national income. Indeed, half of the
150
increase from 1939 to 1940 was concentrated in these
commodity-producing
industries, though they ac125
NATIONAL INCOME IN
CONSTANT DOLLARS
counted for only slightly more than one-fourth of the
100
national income in 1939. The gain in manufacturing,
as would bo expected, was not divided equally among the
75
different types of manufacturing activities. Firms
INDUSTRIAL PRODUCTION ^\y'
producing metals and metal products were greatly
50
stimulated by a combination of demands for defense
production and demands reflecting industrial expansion
25
and strong consumer purchases. Income originating
i 1 1 I I I I I I
L
in these activities rose 33 percent. At the other extreme
1925
1930
1940
1935
1920
from this volatile type of durable-goods activity was
Figure 10-—Indexes of National Income in Constant Dollars and Industrial
Production, 1919-40 (National Income, U. S. Department of Commerce;
the textile and leather group which recorded an imIndustrial Production, Board of Governors of the Federal Reserve Sysprovement of only 2 percent.
tem).
Income originating in manufacturing amounted to
only to the extent that dividend payments are made by
more than 19 billion dollars in 1940, or 25.2 percent of
corporations and withdrawals are made by owners of
unincorporated businesses. The difference between net
PERCENT INCREASE
5
10
income and the amount disbursed constitutes business
INDUSTRY
savings, such "savings" being either positive or negative.
Income actually disbursed by enterprises plus business
MANUFACTURING
savings equals the national income.4 Thus, the national income is a measure of the net value of goods and
services produced and also of the claims to these goods
CONTRACT CONSTRUCTION
MINING
and services. The discussion that follows deals sucCOMMUNICATION
cessively with the industrial sources of the national
income and its composition in terms of the different
TRANSPORTATION
types of returns.
MISCELLANEOUS
I
1
I
DO 41-199
Industrial Composition of National Income in 1940.
Considering that the major impetus to the expansion
of the national income in 1940 came from domestic
and foreign outlays for armaments, it is to be expected
that output of manufacturing industries would increase
more substantially than that of other areas of the
economy. That this was the case is evident from figure
10, showing relative changes in the Reserve Board's
index of industrial production and the physical volume
RETAIL TRADE
SERVICE
WHOLESALE TRADE
AGRICULTURE
GOVERNMENT
4
The concept underlying "income payments to individuals" as used in the Department's monthly income estimates and annual distributions by States should be
distinguished from both of these concepts. The reconciliation of national income with
with income payments to individuals is made as follows: deduct (a) pensions and
other contributions of employers (under Social Security, Railroad Retirement Board,
and governmental employee systems); (6) pension and other contributions of employees (under the systems just noted); and (c) business savings; and add (a) direct
relief, including old-age assistance, aid to dependent children, and aid to the blind;
(b) Federal pensions to veterans, including payments on adjusted service certificates;
(c) governmental retirement allowances; and (d) insurance benefits under UnemployCompensation, Old-Age Insurance, and Railroad Retirement programs.
Digitized forment
FRASER
FINANCE
ELECTRIC POWER a GAS
D D 41 - 219
Figure 11.—Percentage Increase, 1940 from 1939, in National Income by
Industrial Divisions (U. S. Department of Commerce).
NOTE.—The width of each bar represents the percent that each industrial division
is of the total income for 1939.
14
SURVEY OF CURRENT BUSINESS
the year's total. Only in other prosperous years has
the income arising in manufacturing activities attained
so large a percentage. In both 1937 and 1929, for
example, 24.5 percent of the total had its origin in this
industry. Such proportions are in marked contrast
with the performance in a year like 1932 (15.2 percent)
or even 1938 (20.7 percent), and provide evidence of
the past association between strong manufacturing
activity and a high level of national income.
The other industrial components did not show so
aggressive an advance from 1939 to 1940 as did manufacturing, mining, and contract construction. Over
the course of the past decade, however, significant
shifts have occurred in the relative contribution of
certain industries to the income total. Besides showing a substantial absolute rise, the relative portion of
national income originating in government almost
doubled between 1929 and 1940; it accounted for 13.5
percent of the total income at the end of the period as
compared with only 7.6 percent in 1929. This growth
is traceable very largely to an increase in Federal disbursements. Over the period, the State and local
portion changed but little, rising as high as 4.3 billion
dollars in 1930 and in 1931, and falling a little below 3.9
billions in 1934; the total of 4.9 billions for 1940 showed
June 1941
such markedly greater-thnn-average strength in depression years.
Three industries, each advancing moderately over
the past year and each with from 6 to 9 percent of
the national income, were similar not only in size
but also in that their relative contribution to the
country's income total has fallen off since 1929. For
agriculture and transportation the decline dates back
to still earlier years; in the case of finance, however,
the drop involves in considerable measure a downward
adjustment from the high level attained in 1928 and
1929. The remaining industries, power and gas and
communication, together accounted for approximately
3 percent of the 1940 total; each constituted a slightly
larger proportion of the total income in 1940 than in
1939.
BILLIONS OF DOLLARS
100
40
Table 1.—National Income, by Industrial Divisions,f1940 1
Industrial division
Total.
Agriculture.. _
Mining
Manufacturing
Contract construction
Transportation
Power and gas
Communication
Retail trade
Wholesale trade
Finance
Government (including work
relief)
_._..
Service
Miscellaneous
Amount in Per1940 (mil- cent of
1940
lions of
total
dollars)
1940 as percent of—
1929 1930
1939
1932 or 1933
(whichever
is lower)
1933 1934 1935 1936 1937
1938 1939 1940
DO 41-200
1929
76,035
100.0
107.6
190.1
91.2
5,950
1,422
19,168
2,401
5,293
1,450
984
6,424
3,646
6,195
7.8
1.9
25.2
3.2
7.0
1.9
1.3
8.5
4.8
8.1
103. 5
109.5
118.0
112. 5
106.7
102.3
107.3
105. 3
104. 7
102.4
233. 2
271.4
316.0
449.6
146.8
141.3
154.5
192.5
210.0
139.9
82.0
75. 5
93.9
67.9
74.5
101.8
94.4
90. 4
92.0
66.0
10, 221
9, 285
3, 596
13.4
12.2
4.7
102.9
104.8
105. 7
157.3
171.0
164.1
161.0
93.7
89. 6
only a small increase from 1939. Meanwhile, the
income attributed to the Federal Government more
than doubled as it advanced from less than 2.2 billions
in 1929 and 1930 to a total in 1940 which included
3.8 billions in other than work relief and 1.5 billions
for work relief. The defense program, even in the
early stage of its development in the second half of 1940,
was chiefly responsible for the net rise of 287 million
dollars from 1939 to 1940, despite a curtailment in
work relief amounting to nearly 300 millions.
Trade and service activities, in addition to government, each accounted for 12 to 14 percent of the
1940 national income. Retail and wholesale trade
combined, with 10.1 billions for the year, maintained
a relative position in 1940 that has varied but little
over the decade. The relative contribution of the
diversified service industry increased over the decade,
although less rapidly than government and without
1932
Figure 12.—National Income by Major Sources, 1929-40 (U. S. Department
of Commerce).
For broad summary purposes the several industrial
sources of the national income may be combined into
three major groups. These include the commodityproducing industries (agriculture, mining, manufacturing, and contract construction), the distribution
industries (transportation, power and gas, and retail
and wholesale trade), and the service industries (communication, finance, service, government, and miscellaneous). Figure 12 shows the experience of these major
groups from 1929 through 1940, separating government
from the other service industries. The figure well
illustrates such points as the growth of the income
originating in government, the comparative stability of
the distribution and service industries, and the wide
cyclical swings of the commodity producing industries.
Gains in All Types of Returns in 1940.
Of the different types of returns, the compensation of
employees increased in largest amount from 1939 to
1940, primarily because it accounts for so large a
fraction of total income. The gain of 3.7 billion dollars,
an 8-percent advance, was slightly smaller than that for
salaries and wages alone, because of a 300-million-dollar
reduction in work-relief wages, one of the supplements
to salaries and wages. Aggregate employee compensation at nearly 52 billions in 1940 was within 1 billion of
the current dollar total reached in 1929. On a percentage basis the largest advance of the year was scored by
net income of corporations, despite a sharp rise in
15
SURVEY OF CURRENT BUSINESS
Juno 1941
Federal tax liability.5 The increase of approximately
1 billion dollars in this return was about equally
divided between corporate dividends and corporate
business savings, with the latter showing' a substantial
positive amount for the first time since 1929.
Neither interest nor net rents and royalties scored an
advance in excess of 100 million dollars from 1939 to
1940. Since 1929 the former has declined slowly but
almost continuously, whereas the latter experienced a
severe drop from which only limited recovery has been
realized. Changes in the components of the net income
of unincorporated business were all favorable, as may
be seen in table 2; for the composite the advance
amounted to about 300 million dollars. Of the compoTable 2.—National Income, by Distributive Shares, for
Selected Years
deduction from net income they leave a business-savings balance of only approximate validity.
Stability of Employee Component in Distributed Total.
Because of the special characteristics of business
savings arising from the fact that they are undisbursed
and that they have such wide variability in different
phases of the business cycle, detailed analysis is often
made after arrangement of the data in the form shown
in table 3. Comparison is there made between the relative sizes of the different types of shares transferred by
enterprises in different years.
Table 3.—Comparative Size of Distributive Shares Transferred by Enterprises in Selected Years
T y p e of share
1929
Total national income,
Type of share
Total national incomeTotal compensation of employees
Salaries and wages
Total supplements to salaries and
wages
Work relief wages l
Social Security contributions of
employers
Other employee income 2
1940
04,418
70,674
76, 035
Business savings 1
1,496 1-8.232 I - 1 , 6 9 5
Total shares transferred by enterprises._ 81,869 48, 223 66,113
6<
70, 607
750
75, 285
83, 365
39, 991
Percent of total transferred by enterprises
Net income of incorporated businesses.-Dividends to stockholders (net)
Business savings
Net income
of unincorporated businesses 3
Agriculture
Other
Entrepreneurial (owners') withdrawals
Business savings
...
.
1939
Amount in millions of dollars
[Millions of dollars]
Interest (net)
Net rents and royalties
j 1932 ] 1938
12, 447
4,970
7,477
7,343
134
5,901
3,364
4,935
2,071
1
I n c l u d e s p a y rolls a n d m a i n t e n a n c e of Civilian Conservation C o r p s enrollces a n d
p a y rolls of Civil W o r k s A d m i n i s t r a t i o n , Federal E m e r g e n c y Relief A d m i n i s t r a t i o n ,
a n d t h e F e d e r a l W o r k s P r o g r a m projects plus a d m i n i s t r a t i v e p a y rolls outside of
W a s h i n g t o n , D . C , for all except t h e Federal W o r k s P r o g r a m . Area office employees
a n d their p a y rolls u n d e r t h e Federal W o r k s P r o g r a m are included w i t h t h e regular
F e d e r a l G o v e r n m e n t e m p l o y m e n t a n d pay-roll figures.
2
P e n s i o n p a y m e n t s u n d e r p r i v a t e plans a n d u n d e r s y s t e m s for G o v e r n m e n t employees, c o m p e n s a t i o n for i n d u s t r i a l injuries, e t c .
3
I n c l u d e s r e t u r n s for personal services of owners.
Total shares transferred by enterprises,.
100.0
Total compensation of employees
i
Salaries and wages
I
Supplements to salaries
and
wages
_
_
j
Work-relief wages 2
I
Social Security contributions of |
employers
Other employee income 2
Entrepreneurial (owners') withdrawals
from enterprises other than agricultural 3
Net income of unincorporated agricultural enterprises 3 _ _
Total dividends, interest, and net rents
and royalties
Dividends _..
Interest (net)
Net rents and royalties
64. 3
63.8
.5
100.0
100.0
100. 0
100.0
65. 3
64.1
1.2
.3
68.0
62.1
5.9
3.2
68. 2
62.8
5.4
2.6
68. 8
64. 0
4.8
2.1
.5
.9
1.8
.9
1.8
.9
1.8
.9
10.2
11.4
10.3
10.0
9.8
6.9
3.4
6.7
6.8
6.6
18.6
7.3
7.2
4.1
19.9
5.7
11.6
2.6
15.0
4.8
7.5
2.9
15. 1
5.3
7.0
2.8
14.8
5.5
6.6
2.7
1 Business savings in incorporated and unincorporated enterprises other than agricultural.
2
See footnote on corresponding item table 2.
3 Includes returns for personal services of owners.
Both the comparative size and the stability of the
percentages that salaries and wages bear to total income
distributed are to be noted. In the years covered by
nents of net income of businesses both corporate and the table, for example, salaries and wages plus Social
noncorporate (exclusive of agriculture), undistributed Security contributions of employers and other employee
business savings moved most dynamically over the income, exclusive of work-relief wages, ranged narrowly
1929-40 period. Only in 1929, 1939, and 1940 were between 64.3 and 66.7 percent of the total. The dethese positive; the low mark of minus 8 billion dollars velopment of work-relief programs for the unemployed
was recorded in 1932. In connection with the estimates since 1929 was largely responsible for raising the total
of business savings, as in table 2, mention must be made compensation of employees to as high as 68.8 percent
of the fact that a considerable margin of error is in- of the aggregate income distributed in 1940.
evitably present. The limitations of financial accountThe estimate of owner's withdrawals from uninstatements resulting from the use of techniques not corporated business other than agricultural showed
necessarily consonant with economic analyses, as with little change from 1929 to 1940, although this share was
depreciation for example, tend to be centered in the comparatively high in 1932. Net income from uninbusiness-savings item. Furthermore, in the case of corporated agricultural enterprises, for which actual
unincorporated businesses, the estimates of withdrawals withdrawals have not been separately estimated, had
by owners are necessarily based on limited data; after fallen severely by 1932 but in 1940 accounted for 6.6
5
It is to be noted that corporate income is included in the national income after
percent of the total. The total of the disbursements
deduction for taxes, according to the present method of estimation. Hence, increases
for the services rendered by capital, in the form of diviin corporate tax rates have the effect of reducing the national income figure as against
dends, interest, and net rents and royalties, rose
other methods of government financing. At a time like the present, therefore, the
estimated national income tends to understate the advance in over-all economic
percentagewise in 1932 because of the maintenance of
activity.
16
SURVEY OF CURRENT BUSINESS
interest payments as against a declining disbursement
aggregate. As would be expected, dividends and not
rents and royalties accounted for a much smaller fraction of total disbursements in 1932 than in 1929, and
even the improvement realized by 1939 and 1940 still
left these disbursements below their 1929 percentages.
With the interest share also lower in the last 2 years,
the total of dividends, interest, and net rents and royalties was one-fifth below the comparative position
attained in 1929.
It is important to recognize that underlying changes
in the structure of the economy must have pronounced
effects on the comparative size of the different types of
shares. In going back as far as 1919 (table 5), for
example, the greater proportion of the income total
then originating in agriculture would tend to increase
the comparative size of the net income of unincorporated
businesses, largely at the expense of returns arising
from other types of businesses (salaries and wages may
be used as illustrative) since agriculture is predominately carried on by individual farm operators. On
the other hand, the growth of service activities and
their relative strength in times of depression is a type
of change which would tend to offset the effect of some
decline in the relative importance of agriculture. The
pervading influence of corporate industrial organization
is, of course, a major underlying factor evident in the
comparative size of corporate labor returns in the form
of salaries and wages.
Table 4.—Salaries and Wages, Employees, and Average
Salary-Wage for Employee, by Industrial Divisions, 1940
Industrial division
Total
Agriculture
Mining
Manufacturing
Contract construction
Transportation
Power and gas
Communication
Retail trade
Wholesale trade
Finance
Government (excluding
work relief)
Service
Miscellaneous
Salaries
and
wages
| (millions
I of dollars)
Number
of employees
(thousands)
Average
salarywage
(dollars)
j 1940 as percent of—
j
\~
\
1939
1933
1929
1,351
48,158
35, 648
745
1, 280
582
1,158
15,218
1,907
3, 838
873
1,326
1,423
1,473
1,671
1,782
1, 590
1, 239
1,791
1,748
10,696
1,295
2,297
688
652
386
410
4, 400
2, 865
2, 049
3, 550
1, 600
1. 172
6,698
5, 937
2,003
4, 495
6. 084
1,510
1, 490
976
1,326
102. 5
124.1
91. 8
100. 5
100. 3
105. 6
103. 5
101.2
100. 9
101.7
100. 3
101.9
101.2
134. 1
135. 9
133. 6
132.0
127.7
130.3
129.7
117.4
118.5
109.6
70. 3
88. 9
92. 3
77 4
100! 2
in. 1
117. 3
89. 5
85.9
96. 1
98. 6
101.8
102. 6
110.9
120. 5
125.8
98. 2
88.
90. 7
living index. After this adjustment, it is apparent that
the real salary-wage was definitely higher in 1940 than
in earlier years in terms of its command over commodities used in urban living. It should be noted that
full-time employment for the year as used herein is an
average of the number of persons working in the
different reported pay periods of the year. This is not
to be confused with the total number of different persons working at some time during the year, nor does it
represent the equivalent of employment for the full
number of working hours during the reported pay
periods or intervening periods. In addition to the
summary data shown in table 4, annual industry figures
for salaries and wages and average salary-wages per
employee are provided in tables 9 and 10.
The 1940 advance in salaries and wages was for the
greater part paid to additional salaried and wage
workers and to more fully employed workers. Though
total salaries and wages increased 7 percent from 1939
to 1940, the over-all average salary-wage per employee
advanced only 2 percent. As shown in table 4, the
1940 average was 24 percent higher than the low point
reached in 1933 but still 8 percent short of the similar
1929 figure. Comparisons with earlier years require
modification in the light of changes in prices as seen,
for example, in the Bureau of Labor Statistics cost-of
l
Table 5.—National Income, by Industrial Origin, 1919-40
[Billions of dollars]
Year
H
1919
1920
1921
1922
1923
1924 .
1925 _
1926
1927
1928
1929 _
1930
1931
1932
1933
1934
1935..
1936
1937 _
1938
1939...
1940
67.7 11. 1 17.3
69. 8 9. 1 18.4
52. 8 G.3 10.7
60. 6 5.9 13.9
70. 0 6. 7 17.4
70. 1
.3 16.0
74.8
17.4
76. 9
'.3
18.0
76. 4
17.6
80.2
.3 i 18.7
83.4
20.4
69. 0
15. 1
54. 3
10.3
40. 0
6.1
42.5
8.2
50. 3
10. 6
55. 8
12.5
65. 1
15.2
71.4
17.5
64.4
13.3
70. 7
16.4
76. 0
19.2
. .
1.9
2.5
1.9
2.4
3.2
3.3
3.5
3.6
3.5
3.7
3.5
2.6
1.8
.8
.5
.7
.9
1.4
1.8
1.8
2.1
2.4
! £
5.8
7, 1
5.7
5.8
6. 5
6.4
6.7
6.9
6.7
6.8
7_ 1
6* 2
5.0
3 7
3 6
3 8
4 1
4 8
5 2
4 4
5.0
5 3
11.2
9.7
7.1
9. 1
10.3
10.1
10.7
10.9
10.6
11.0
11. 1
9.0
7.2
5. 1
5.9
6.8
7.5
8.6
9.6
9.0
9.6
10.1
5.7
6.1
6.0
6. 7
7.2
8.4
8.7
9.6
9.4
8.0
6.5
4.9
4.4
4.7
5.2
5.9
6.4
5.9
6. 1
6.2
5. 1
6.0
5.8
6. 7
7.0
7.6
8.3
8. 5
8.8
9.4
9.9
8.9
4.9
6. 2
4.5
52
a4
6. 5
7.0
7. 7
7.4
7.6
8.4
7. 1
5.8
4.6
4.5
5. 2
5.6
6.3
6.9
6. 5
7.0
7.3
5.4
6. 3
6.8
8! 6
8.3
8.8
9.3
1
Data for 1919-28 derived from estimates prepared by Simon Kuznets (National
ivcome and Capital Formation 1919-35, National Bureau of Economic Research,
Inc., New York, 1937), by linking the industrial components of each distributive
share of the Kuznets' figures to comparable elements of the Department of Commerce data o i the basis of 1929 relationships.
Table 6.—National Income, by Distributive Shares: 1919-40 1
[Billions of dollars]
Year
j Total [
| na- !
! tional |
i income i
919
Average Salary-Wage Per Employee Higher in 1940.
June 1941
1920
1921
1922
1923
1924
1925
1926
1927
1928 _
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1
..
67. 7
69. 8
52.8
60.6
70.0
70. 1
74.8
76.9
76.4
80 2
83.4
69. 0
54 3
40.0
42.5
50. 3
55.8
65.1
71.4
64.4
70 7
76.0
Compensation
of employees
Total
38.0
44.7
35.6
37.6
44.2
43.8
45.8
48.5
48.6
50.1
52.7
47.9
40.3
31.5
29. 6
34.2
37.2
42.6
47.8
44.9
48.1
51.8
Salaries
and
wages
only
37.7
44.4
35.3
37.3
43.8
43. 4
45.4
48.1
48.2
49.7
52.2
47.4
39. 8
30. 9
28.5
32.4
35.4
39. 6
44.6
41. 1
44.3
48.2
Net income of
incorporated
businesses
Total
5.9
4.4
.4
4.0
5.3
4.6
6.3
6.3
5.5
7.0
7 2
L7
1.6
3.6
.6
.6
1.7
3.8
3.9
1.7
3.8
4.8
Total
net
income
of unInincor- j terest
Divi- porated|
dends
busi- 2 I
only nesses
j
3.0
3.3
3.0
3.0
3.8
3.7
4.4
4.7
5.0
5.3
5.9
5.6
4.3
2. 7
2^2
2.7
2.9
4.7
4.8
3. 2
3^8
4.2
See footnote 1. table 5.
2
Includes owners' remuneration for personal services.
18.1
14.4
10.2
11.8
12.7
13.5
14.1
13.6
13.7
14. 1
14.2
10.7
7 5
5'. 3
7 2
8.9
10.1
11.8
12.5
11.0
11.9
12.4
Net
rents
royalties
3.0
2 7
3.4 i
3.6 1
2. 9
3.0
3.4
3.6
3.7
3.8
3.5
3.3
3.4
3.4
2 7
2^0
1.2
1.2
1.5
1. 7
1.9
2.1
1.9
2.0
2.1
3.8 j
4.2 !
4.5 i
4.8 '
5.0 !
5.3
5.6
5.9 ';
6.1 !
6.0 !
5.7 I
5.1 !
5. 2 !
5. 1 1
5.0 1
5.0
4.9
4.9
4.9 ;
17
SURVEY OF CURRENT BUSINESS
June 1941
Table 7.—National Income by Industrial Divisions: 1929-40 ]
[Millions of dollars]
Industrial division
1929
1930
1931
1932
1933
1934
1935
1936
1937
68, 983 54,277 39, 991 42. 489 50, 346 55,808 65,144 71, 436 64,418
__
3,729 J 2, 551 3,419
5,622
7,258
4,553 5,276
5,970
6,378 5,432
748
524
1,327
1,883
590
992 1,028
1,308
1,564
1,146
212
140
2(M
271
129
160
131
130
116
91
380
245
521
651
269
422
444
524
554
453
48
163
365
— 11
42
95
131
208
341
192
102
169
206
45
24
77
87
133
161
115
5
209
389
104
125
237
234
313
391
295
20.413 15,082 10,280 6, 066 8.205 10, 577 12, 473 15,186 17, 488 13, 303
2,198
2,010
1,604
1,248
1,416
1, 743 1,807
2,030
2,054
2,036
1,988
1, 844 1, 467 1, 008 1,039
1,226
1,345
1,513
1, 696 1, 494
3,178 2, 131 1,833
1,199
1,876
2,019
2,319
2, 571 2, 636 2,211
2, 056 1,411
786
302
540
751
951 1,292
1, 527 1,181
1, 688 1,141
663
548
687
817
931 1,144
1,342
1,023
7, 985 5, 504 3,136
1, 269 2, 084 3, 305 4, 303 5,711
7,231
4, 496
304
148
443
720
271
388
479
580
626
501
845
3, 535 2, 603 1,764
534
668
872 1,439
1,781
1,777
6,167 4, 962 3, 653 3,605 3,831
7,107
4,144
4,840
5,191
4,417
3,859
2, 965 2,079
4,640
2, 115 2,224
2,404
2,819
2,961
2, 463
471
391
289
531
317
344
411
482
566
455
1,046
925
713
1,073
643
835
976 1,088
989
747
624
508
427
659
370
379
353
399
389
333
-10
2
10
10
7
13
19
22
26
204
177
171
135
150
130
128
145
165
151
1, 425
1,324
1, 240 1, 096 1,026
1,127
1,152
1,239
1,398
1, 365
1,042
1,010
906
722
637
676
720
771
854
858
11,066
9,020
7, 202 5,073 5, 855 6,833 7,473
8,606
9,550 8,952
7,105
5, 863 4,749 3, 337 3,860 4,562
4,866
5,527
6,142
5, 806
3,961
3,157 2,453
1,736
1,995
2,271
2, 607 3,079
3, 408 3,146
9,390
7,975 6, 465 4,909 4,429 4,729
5,215
5,936
6,388 5,888
1,454
1,224
814
624
485
562
711
828
957
908
1,254
1,146
1,040
960
906
960 1,023
1,093
1,219
1,205
6, 682
5, 605 4,611
3, 325 3,038 3,207
3,481
4,015
4,212
3,775
6, 346
6, 458 6, 534 6,496 6,579 7,595
7.922 9,228 9,045 9,795
6, 346
6, 458 6,475 6,364 5,923 6,208 6, 593 7,073
7,406
7,701
2,157
2,139 2,214
2,227
2,683
3,717
3,903
4,995
4,619
5,140
2,157
2,139 2,155
2,095
2,027
2,330
2,574
2,840
2,980
3,046
4,189
4,319 4, 320 4,269 3,896 3,878
4,019
4,233
4,426
4,655
9,887
7,480 5, 659 5,418
8,925
6,250 6,838 7,707 8, 573 8,342
4,013
2,967
3,470
2,397
2,192
2,515
2,695
2,915
3,226
3,143
Total national income,.
83,365
Agriculture, total
Mining, total 2
.
Anthracite
Bituminous coal
„
Metal
._
Nonmetal
Oil and gas-__
Manufacturing, total 3
Food and tobacco
Paper, printing and publishing
Textiles and leather
„
Construction materials and furniture
Chemicals and petroleum refining
Metal and metal products
Miscellaneous and rubber
Contract construction, total
.
Transportation, total
Steam railroads, Pullman and express
Water transportation
Motor transportation and public warehouses...
Street railways
-.
Air transportation
Pipelines
Power"and gas, total
Communication, total
Trade, total
Retail trade
Wholesale trade
Finance, total
Banking
Insurance
Security brokerage and real estate
Government, total, including work-relief
Total, excluding work-reliefFederal, including work-relief
Federal, excluding work-relief
State, county, local, and public education
Service, total
Miscellaneous, total
3
1 See also notes to table 2.
Including small amounts for pensions not allocated.
4
2
1939
1938
1940
"I
70, 674 76,035
5, 950
5,750
1,422
1,299
119
100
559
501
296
251
156
138
292
309
16, 384 19,168
2, 246
2, 176
1, 707
1, 576
2, 79f>
2,740
1, 616
1, 443
1,453
1, 325
8,128
6,101
811
656
2,134
2, 401
5, 293
4, 960
2, 996
2,823
594
544
1,168
1,077
359
347
49
33
127
136
1,450
1,418
984
917
10,070
9,585
6,424
6,102
3, 646
3,483
6,195
6,051
975
950
1,242
1,219
3,978
3,882
9, 934 10,221
8,644
8,064
5,288
5,165
3,711
3,295
4, 933
4,769
9,285
8,839
3,596
3,403
Including amounts for central administrative offices not allocated.
Less than one million dollars.
Table 8.—National Income by Distributive Shares, 1929-40
[Millions of dollars]
Type of share
83, 365
Total national income..
Total compensation of employees
Salaries and wages
Total supplements to salaries and wages
Work-relief wages i
Social Security contributions
of employers 2
Other labor income 3
Net income of incorporated business
Dividends to stockholders net
Business savings
Net income of unincorporated business 4 ...
Agriculture
...
Other
.
Entrepreneurial (owners') withdrawals
Business savings
..
Interest (net)
-_„
Net rents and royalties
Total shares transferred by business enterprises 5
Dividends, interest and net rents and royalties..
1
3
5
1930
1929
1931
1932
1933
8, 983 54, 277 39, 991 42, 489 50,346
52, 692 47,853 40, 326 31, 466 29,578
52, 246 47, 388 39,805 30, 888 28,490
521
578
1,088
465
446
59
132
656
__
1934
1935
55,808
34,232 37,199
32, 399 35,355
1,833
1,844
1,387
1,329
465
446
1,723
7,194
5,944
5, 634
1,250 -3,911
14,214 10, 653
5, 628 4,152
8,586
6,501
8,340 7,680
-1,179
246
6, 080
5,901
2,674
3,364
432
515
446
446
- 3 , 646
-625
550
1,668
2,727
2,193
2,727 2,931
- 6 , 3 7 3 - 2 , 818 -2,177 -1,263
7, 190 8,918 10,147
5,291
3,726 4,380
1, 661
2,625
4,
565 5, 192 5,767
3,630
5,367
4,937
5, 489
5,848
-176
-1,859
-372
-81
5,192
5, 656
5,13S
5,103
1,455
1,224
1,208
1,691
81, 869 74, 073
15, 209 14, 388
48, 223 45, 679 52, 699 57,152
9,607
8,539
9,374 9,725
1936
65,144
1937
1938
1939
1940
71, 436 64, 418 70, 674
76, 035
42, 640 47, 829 44, 948 48,128
39, 641 44, 615 41,089 44, 349
2,999 3,214
3, 859 3,779
2,155
1, 639 2,094
1,870
299
1,173
1,011
1,282
545
592
564
627
1,690
3,767 3,949
3,806
4, 655 4,752 3,165 3,764
-888
-803 - 1 , 475
42
11,783 12, 535 11,013 11,855
5, 024 5, 335 4,440
4,780
6, 759 7,200 6,573
7,075
6,600
7,138
6,793
7,050
159
62
-220
25
5, 045 5,010 4,861
4,884
1,909
2,113
1,906
2,001
51,816
48,158
3,658
1,577
1, 414
667
4,766
4,150
616
12,447
4,970
7,477
7, 343
134
4, 935
2, 071
65,873 72,177
11, 609 11,875
75, 285
11,156
66,113
9,932
70, 607
10,649
See footnote 1 table 2, p. 15. 2 Includes contributions to Railroad Retirement and Railroad Unemployment Compensation Funds.
See footnote 2, table 2, p. 15. 4 Includes owners' remuneration for personal services.
Formerly referred to as "Income paid out"; total national income less savings of incorporated and unincorporated businesses.
Table 9.—-Total Salaries and Wages of Employees by Industrial Divisions, 1929-40
[Millions of dollars]
Industrial division
Total salaries and wages.
Agriculture, total
Mining, total
Anthracite
Bituminous coal
Metal
Nonmetal
Oil and gas
Manufacturing, total
Food and tobacco
Paper, printing and publishing
Textiles and leather
Construction materials and furniture-.
Chemicals and petroleum refining
M e t a l and metal products
Miscellaneous and rubber
Central administrative offices
C ontract construction, total
319333-41
3
1929
1930
1931
52, 246
47, 388
39, 805
1,284
1,602
257
636
212
151
346
15, 870
1,550
1,615
2, 898
1,811
858
5,947
591
600
2,947
1,134
1,407
247
531
177
139
313
13, 681
1,480
1,620
2,412
1,445
817
4,818
491
598
2,182
847
1,027
200
401
111
108
207
10, 647
1,256
1, 383
2,108
988
672
3,377
376
487
1,536
1932
30,8
584
709
146
275
57
68
163
7,447
1,017
1,063
1,528
590
526
2,109
270
344
1933
1934
1935
1936
1937
1938
1939
28, 490
32, 399
35, 355
39, 641
44, 615
41, 089
44, 349
48,158
517
725
128
297
57
62
181
7,506
1,044
950
1,676
608
530
2,132
274
292
481
558
952
153
413
77
76
233
9,375
1,268
1,093
1,957
759
631
2,994
345
328
573
639
998
135
443
99
84
237
10, 564
1,329
1,168
2,175
896
677
3,603
378
338
719
1,132
129
520
138
105
240
12,000
1, 418
1,266
2,268
1,100
721
4, 453
429
345
1,140
794
1,261
123
534
205
120
279
14,076
1,572
1,420
2,421
1,292
850
5, 658
487
376
1,403
758
1,063
101
453
142
95
272
11, 602
1,544
1,323
2,139
1,079
797
3, 952
407
361
1,402
738
1,081
104
466
157
104
250
13, 260
1, 595
1,347
2,472
1,226
840
4, 901
512
367
1,689
745
1,158
101
515
185
119
238
15, 218
1,671
1,432
2,503
1,346
923
6,360
572
411
1,907
1940
18
SURVEY OF CURRENT BUSINESS
June 1941
Table 9.—Total Salaries and Wages of Employees by Industrial Divisions, 1929-40—Continued
[Millions of dollars]
Industrial division
1937
Transportation, total
Steam railroads, Pullman and express
Water transportation
Motor transportation and public warehouses
Street railways
Air transportation
Pipe lines
Power and gas, total
Electric light and power
Gas
Communication, total
Telephone
Telegraph
Trade, total
Retail trade
Wholesale trade
Finance, total l
Banking
Insurance
Security brokerage and real estate
Government,2 total
Federal
State
CityCounty, township, and minor units
Public education
Service, total
3
Professional service
Personal service 4
5
Recreation and amusements
Business service 6
Miscellaneous and domestic service
Miscellaneous, total
5,171
3,186
1,985
1, 764
565
803
396
4, 563
1,415
457
928
343
1,420
4,157
1,014
1,385
283
312
1, 163
1. 457
1,444
463
1. 107
387
1, 663
5. 179 !
1,193
1, 699
351
382
1, 554
1. 797
463
5,401
1,893
567
1,012
377
1, 552
5,043
1, 133
1,774
353
350
1,433
1, 686
1938
1939
3,412
1,961
417
653
308
27
46
668
449
219
610
530
80
6,576
3, 967
2,609
1,961
605
920
436
5,927
1,931
683
1,171
423
1.719
5,371
1,237
1.912
402
381
1,439
1.739
3,659
2,090
481
700
312
32
44
671
452
219
622
539
83
6,887
4.148
2,739
1,994
620
930
444
6. 197
2,078
703
1, 182
454
1,780
5,660
1, 265
2,034
436
394
1, 531
1,891
1940
3, 838
2,156
522
759
316
43
42
688
466
222
652
566
86
7,265
4,400
2,865
2,049
634
951
464
6, 698
2,402
714
1,235
473
1,874
5, 937
1,292
2,161
443
414
1,627
2,003
1
2
Does not include certain miscellaneous financial institutions which have been included in "Miscellaneous."
Does not include work-relief wages.
34 Includes religious, private educational, curative, legal, accounting, and engineering (consulting) activities.
Includes hotels, restaurants, laundries, cleaning and dyeing establishments, apartment houses and office buildings, barber and beauty shops, etc.
5
Includes motion-picture production and exhibition, radio broadcasting, and other activities primarily providing entertainment.
6
Incjudes advertising agencies, trade associations, chambers of commerce, and other enterprises serving business establishments.
7
Includes domestic service and various industries providing services on automobiles, radios, elevators, watches, and other commodities.
Table 10.—Average Salary-Wage of Employees (Full-time Equivalent), by Industrial Divisions, 1929-40
Industrial division
Total _
Agriculture lt total
Mining, total
Anthracite
Bituminous coal
Metal
Nonmet al
Oil and gas
Manufacturing, total
Food and tobacco
Paper, printing and publishing
Textiles and leather
Construction materials and furniture
Chemicals and petroleum refining
Metal and metal products
Miscellaneous and rubber
Central administrative officers
Contract construction, total
Transportation, total
Steam railroads, Pullman and express
Water transportation,
Motor transportation and public warehouses.
Street railways
Air transportation
Pipe lines
Power and gas, total
Electric light and power
Gas.
Communication, total
Telephone
Telegraph.
Trade, total
Retail trade
Wholesale trade
Finance, total 2
Banking
Insurance
Security, brokerage and real estate
Government,
total
Federal 3
State
City
County, township, and minor units
Public education
Service, total
Professional service 2
Personal service 2
2
Recreation and amusement
Business service 2
Miscellaneous and domestic service 2
Miscellaneous, total
1933
1934
$1,340 | $1,179
$1,089
$1,138
828
1,492
1, 658
1,314
1, 631
1, 398
1, 756
1, 542
1,378
517
1,124
1, 337
971
1,125
955
1,529
1,208
1,156
1,507
961
984
1,320
1,331
1, 260
2,641
1, 149
1,476
1,645
1,535
1,057
1,524
2,286
1,652
1,547
1,520
1, 597
1, 367
1, 426
1,103
1, 308
1,144
1,677
1,638
1, 735
1, 624
1, 544
1, 399
1, 598
1,219
1,491
1,295
1,254
858
1,047
922
1, 612
1, 635
584
1,164
1, 239
1,354
1, 560
1,713
1,539
2,
1,904
1, 668
1,748
1,645
1,357
1,725
2,000
2,000
1, 604
1,614
1. 584
1,357
1,382
1, 245
1, 588
1,740
1,864
1,849 |
1, 517
1, 622
1,298
1,623
1,399
1, 463
1,103
1, 225
1,241
1,823
1,974
833
1,462
Memorandum:
Bureau of Labor Statistics cost of living index
i Does not include unpaid family labor.
1940
193 2
2, 057
1,816
1,769
1,844
1,836
1, 508
1, 632
1, 305
1, 621
1.394
1,432
1,066
1,238
1, 194
1,841
1, 932
770
1, 434
1,743
1, 756
1,772
1,495
1, 639
1,312
1, 621
1, 397
1, 393
993
1, 197
1, 103
1, 838
1,882
681
1.318
548
1,199
1,316
1,106
1,232
1,106
1,412
1, 268
1, 170
1, 529
963 i
1,060
1, 392
1,441
1,332
2, 695
1, 269
1,549
1,722
1,676
1,110
1,590
2,222
1,640
1,592
1,598
1, 583
1,415
1,482
1, 125
1,325 !
1,162 !
1,694
1, 704
1,776
1, 693
1,642
1, 435
1, 622
1, 252
1, 543
1,304
1,294
894
1,070
968
1,642
1, 675
617
1,215
606
1,269
1,309
1,117
1,434
1, 224
1,541
1, 358
1,238
1.585
997
1,131
1,543
1, 573
i, 387
2,870
1,419
1,613
1,774
1,779
1,172
1,642
2,182
1, 885
1, 696
1,726
1.639
1, 485
1, 553
1, 187
1,378
1, 224
1,715
1. 759
1, 826
1.759
1,685
1, 455
1, 603
1,258
1, 545
1,326
1,371
942
1,091
1, 025
1,736
1,748
664
1,296
583
1,230
1, 232
1,081
1,279
1,172
1,591
1,289
1,265
1, 596
956
1,093
1, 572
1,422
1,304
2,843
1, 368
1,613
1,
1,668
1,114
1,692
2,250
1,917
1, 753
1,782
1,698
1,544
1,611
1,212
1,390
1,227
1, 740
1,717
1, 850
1, 701
1,591
1,507
1, 627
1,262
1,668 !
1,356
1,445
943
1.090
1, 031
1, 682
1,814
638
1,219
588
1,321
1,316
1,223
1,342
1,209
1,603
1,347
1,274
1,637
990
1,117
1,606
1,556
1,380
2,
1,423 |
1,652
1,878
1,781
1,136
1,733
2,286
2,000
1,766
1,801
1,698
1,563
1,619
1,277
1,400
1,235
1, 757
1, 726
1,879
1,706
1, 586
1,511
1, 603
1,274
1, 660
1,343
1,481
959
1.099
1,062
1,690
1, 850
647
1,293
100.0
2
See note on corresponding item table 9.
81.8
3
Does not include work relief employees.
19
SURVEY OF CURRENT BUSINESS
June 1941
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1940 Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1936 to 1939, and monthly averages for earlier years back to 1913 insofar as
available; it also provides a description of each series and references to sources of monthly figures prior to 1936. Series added or
revised since publication of the 1940 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying
footnote indicating where historical data and a descriptive note may be found. The term "unadjusted" and "adjusted" used to
designate index numbers refer to adjustment of monthly figures for seasonal variations.
Data subsequent to April for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1941
1940
April
May
June
July
August
September
DecemOctober November
ber
January
February
March
BUSINESS INDEXES
INCOME PAYMENTSf
Indexes, adjusted:
Total income payments
1929=100.
Salaries and wages
do_._
Total nonagricultural income
do...
Total
.
mil. of doL
Salaries and wages:
Total
do
Commodity-producing industries. _ do
Distributive industries
do
Service industries.
do
Government
do
Work-relief wages
do
Direct and other relief
.
do
Social-security benefits and other labor income
mil. of doL.
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
mil. of doL.
Total nonagricultural income
do
97.9
100.3
99.1
6,744
88.2
86.2
88.7
5,965
88.6
87.3
89.8
5,689
88.7
87.9
90.7
89.3
88.8
91.1
6,103
90.5
90.4
92.3
5,791
91.7
91.5
93.0
6,467
92.5
92.2
93.4
6,681
93.6
93.9
94.7
6,240
95.8
97.0
96.9
7,390
96.8
98.1
97.5
6,544
97.3
99.3
98.3
6,187
'98.0
' 100.0
' 99.1
' 6, 815
4,432
1,765
982
901
663
121
87
3,784
1,356
900
845
540
143
3,838
1,391
908
854
548
137
3,871
1,419
915
860
557
120
3,766
1,423
923
854
452
114
87
3,841
1,493
917
859
455
117
87
4,030
1,562
4,178
1,604
4,169
1,597
958
888
609
117
4,290
1,642
1,004
900
620
124
4,218
1,633
949
891
614
131
90
4,281
1, 700
943
892
624
122
90
' 4, 379
' 1,745
'970
'897
' 643
124
145
820
152
799
166
472
166
1,050
167
901
164
485
150
897
145
845
144
494
145
1,573
155
811
150
443
152
'940
1, 260
6,232
1,138
5,479
1,124
5,211
1,115
5,821
1,182 !
5,562 i
1,214
5,232
1,306
5,818
1,427
5,909
1,347
5,570
1,294
6,797
1,270
5,994
1, 223
5, 684
1, 255
' 6. 282
P74. 5
P93.0
62.5
81.5
77.0
85.5
89.5
88.0
70.5
66.0
80.0
73.5
85.5
84.5
90.5
70.5
62.5
70.0
61.5
78.0
82.0
79.0
64.0
79.0
71.0
59.0
81.5
90.0
82.0
65.0
95.0
75.5
64.5
85.5
92.0
88.0
67.0
117.0
80.5
69.0
90.5
93.5
94.5
70.5
96.5
79.5
66.5
91.5
99.5
91.0
74.5
86.0
85.5
72.0
98.0
104.0
96.0
89.5
74.5
86.5
73.0
98.5
99.5
101.0
85.0
61.5
84.0
66.5
100. 5
102. 0
105.0
78.0
'68.0
'88.5
'79.5
'97.0
'97.5
' 100.0
82.0
135
137
158
166
126
130
123
153
172
136
145
147
115
129
184
590
161
163
153
219
121
104
120
135
139
162
172
121
133
114
164
172
125
124
125
111
141
183
624
152
186
172
263
121
93
122
99
95
115
'79
159
123
124
119
149
115
112
r
137
140
142
154
79
'146
r 134
137
161
170
116
123
113
168
176
110
100
138
142
167
172
119
129
' 115
r
176
181
112
102
143
148
' 175
181
'123
'133
118
' 185
190
' 125
117
110
144
186
r
672
151
204
176
280
' 118
87
121
104
106
'104
'83
133
128
127
120
150
115
109
' 145
' 138
144
•• 154
72
136
108
120
131
199
r
727
161
222
' 181
307
'122
94
123
117
' 121
' 104
'91
122
133
' 133
120
152
115
115
r
151
143
152
'148
68
149
108
130
141
'202
751
' 160
'234
' 178
'336
'126
100
' 128
'121
' 127
107
' 106
' 122
137
133
119
154
114
121
' 155
' 147
156
'150
74
' 152
110
940
867
550
111
84
963
882
602
127
86
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
p 77.5
v 107. 5
v 109.0
v 114.5
^82.5
75.0
71.0
57.5
83.0
84.0
88.0
65.0
INDUSTRIAL PRODUCTION!
i
(Federal Reserve)
Unadjusted:
134
118
129
112
120
121
116
Combined index
1935-39=100..
141
118
130
136
112
122
120
116
150
Manufactures
do
127
134
120
128
155
144
125
176
Durable manufactures
do
147
151
164
161
106
153
123
171
Iron and steel
.
do
111
116
109
123
132
132
114
128
Lumber and products*
do
107
110
127
133
108
118
108
135
Furniture*
do
112
119
109
126
132
134
117
125
Lumber*
do
129
129
142
149
126
135
126
p 196
Machinery*
do
131
130
129
141
167
154
129
Nonferrous metals*
do
194
127
129
139
142
114
133
129
142
Stone, clay, and glass products*..do
136
143
115
141
154
150
140
139
Cement
do
147
146
103
150
131
154
161
Common and face brick*..
do
121
117
119
118
116
124
119
Glass containers*
do
135
66
79
127
118
96
93
142
Polished plate glass
do
91
96
131
141
Transportation equipment*
do
p 191
63
132
394
371 I
544
501
P815
306
Aircraft*
do
455
329
70
114
142
89
p 139
Automobiles
do
130
23
118
116
106
152
137
P262
Locomotives*
do
98
124
102
117
124
141
135
p 194
Railroad cars*
do
141
130
137
185
176
229
p 357
213
Shipbuilding*
do
162
202
172
112
' 111
p 129
121
119
Nondurable manufactures
do
' 106
114
109
120
108
108
112
108
Alcoholic beverages*
do
106
89
107
110
120
116
110
p 133
Chemicals* _.
do
114
112
113
98 !
102
p 119
Leather and products
do
91
89
104
86
102 I
p 123
Shoes*
do
111
98
91
114
86
r
116
v 111
126 I
Manufactured food products*
do
133
120
101
131
107
r
168
'96 !
Dairy products*
do
116
128
164
112
144
143
123
127
p 119
Meat packing
do
112
109
111
102
117
130
127
124
Paper and products*
do
124
119
123
127
131
124
120
Paper and pulp*
do
123
120
121
128
116
118
118
113
Petroleum and coal products*
do
115
114
115
131
144
141
135
118
Coke*
do
138
122
113
114
114
109
Petroleum refining
do
114
110
113
119
113
108
v 122
103
Printing and publishing*
do
114
102
119
r
r
117
'126
' 126
109
p 157
'118
Rubber products* t
do
' 115
' 122
101
126
118
105
p 149
Textiles and products
do
97
111
100
108
129
120
109
160
110
Cotton consumption*
do
114
109
131
144
138
134
127
137
p 158
Rayon deliveries*
.do
127
51
65
51
60
57
Silk deliveries*
do
77
P73
55
88
120
98
73
109
Wool textile production*
do
129
85
P 149
124
118
112
105
110
120
112
Tobacco products
..._do
113
r
Revised.
* Preliminary.
t Revised series. For revised data on income payments beginning 1929, see table 42, pp. 17 and 18 of the October 1940 Survey.
marked with a " t " on p. 20.
•New series. See note marked with a "f" o n P- 20*
tFor revised data for January-March 1940, see note
116
'80
151
124
124
119
147
115
112
r
135
137
139
151
87
140
115
For industrial production series, see note
marked "%" on p. 20.
20
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
June 1941
1940
1941
April
April
May
June
July
August
1941
September
DecemOctober November
ber
January
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION^— Con.
Unadjusted—Continued.
Minerals
1935-39 = 100..
Fuels*
do...,
Anthracite
.
do...
Bituminous coal.
do...
Crude petroleum
...do...
Metals*...
do...
Copper*
...do...
Lead
...do...
Zinc
do...
Adjusted:
Combined index
...do...
Manufactures
do...
Durable manufactures
do...
Iron and steel
do...
Lumber and products*..
_-.do._Furniture*
do...
Lumber*
do...
Machinery*
do...
Nonferrous metals*..
do...
Stone, clay, and glass products*—do_._
Cement
do...
Common and face brick*
do...
Glass containers*-.
do...
Polished plate glass
do...
Transportation equipment*
do.. _
Aircraft*
do...
Automobiles
do...
Locomotives*
do...
Kailroad cars*
do...
Shipbuilding*....
do...
Nondurable manufactures
do_..
Alcoholic beverages*
do...
Chemicals*
do...
Leather and products
do...
Shoes*
do...
Manufactured food products*
do...
Dairy products*
do...
Meat packing
do...
Paper and products*
do...
Paper and pulp*
do...
Petroleum and coal products* do...
Coke*
do...
Petroleum refining
...do_..
Printing and publishing*. _
do...
Rubber prod acts* %
do...
Textiles and products
do...
Cotton consumption*
do._.
Rayon deliveries*
do...
Silk deliveries*
do...
Wool textile production*
do...
Tobacco products
do...
Minerals
do...
Fuels*
..do..
Anthracite
do...
Bituminous coal
do..
Crude petroleum
do..
Metals*
do_.
Copper*
do..
Lead
-do..
Zinc
do..
p 19
v 114
v 151
p 157
152
v
v
p
v
v
v
v
v
v
v
140
147
167
160
129
139
124
192
186
142
139
135
v 142
v 165
P815
v
v
v
v
v
111
276
172
343
131
107
v 129
v 115
v 117
v 122
v 129
v 126
v 116
v 158
v 154
156
v 171
P73
161
120
p 101
p 85
v 71
v 22
v 112
P 193
p 151
P
14'
111
113
89
100
121
95
150
119
127
118
113
90
102
119
148
141
122
119
118
111
104
100
110
161
140
116
116
121
111
101
106
114
179
133
112
121
117
109
83
111
111
164
135
114
118
124
115
100
124
114
171
136
112
127
122
112
97
110
114
184
146
117
131
119
115
96
128
111
147
147
114
135
114
116
112
127
111
102
146
118
139
113
117
114
130
111
91
145
116
'140
115
118
112
134
'112
98
'155
116
145
116
'121
105
143
'114
'90
151
116
147
111
110
113
99
110
111
109
123
124
115
115
108
116
96
117
306
103
103
125
156
107
104
111
87
87
111
112
117
116
117
115
119
114
108
'119
100
107
137
61
79
111
119
116
83
120
118
135
144
118
123
115
114
119
118
112
115
110
124
127
113
115
109
112
91
117
323
101
102
121
164
110
100
114
121
122
131
154
111
113
110
128
130
112
113
118
111
80
122
364
106
102
111
170
114
113
116
96
101
115
111
126
132
132
115
132
112
120
'117
107
114
144
56
121
121
132
156
107
115
104
133
138
115
110
117
117
100
111
394
87
113
119
189
112
108
117
94
101
110
113
116
130
130
112
139
108
114
'109
113
121
137
57
100
103
120
117
129
121
114
139
150
120
129
121
122
135
158
114
115
113
138
146
119
115
129
114
114
107
455
76
123
127
213
112
91
115
97
101
114
109
119
124
123
113
139
109
110
125
127
146
164
121
121
121
145
153
124
125
131
116
118
138
517
109
140
148
220
112
103
114
95
99
'110
' 114
121
120
118
116
142
112
108
'124
116
120
120
65
123
108
116
114
105
119
114
127
132
108
131
129
131
150
165
123
122
124
146
164
126
133
126
115
111
157
544
130
160
148
227
116
103
116
97
100
'118
'122
127
122
121
116
144
112
109
rl26
123
126
129
71
132
115
113
109
91
98
115
'137
140
119
131
132
135
154
166
127
125
128
153
169
130
140
135
114
113
162
584
133
168
166
226
120
96
'118
107
112
'117
'117
133
125
124
118
146
114
110
'132
134
135
146
77
142
113
'118
113
94
112
115
'148
141
107
134
138
142
'165
181
132
128
133
163
177
140
155
147
119
117
168
624
134
174
177
261
'124
101
121
108
113
'121
'125
134
130
131
120
147
116
112
'144
140
145
'156
74
142
114
'119
113
105
115
113
'151
142
112
135
'140
143
170
174
137
132
139
173
181
154
181
141
145
172
168
135
129
139
'176
' 185
158
183
143
146
'170
168
128
' 132
125
'181
' 186
'150
156
123
137
188
'686
149
204
207
289
'122
105
123
107
110
'117
131
138
199
'727
159
218
'188
316
123
108
123
'108
' 112
'119
'126
126
'128
128
121
148
117
114
' 153
135
142
'150
67
136
116
118
113
102
114
'113
'151
151
116
142
139
135
188
751
'144
' 23S
'168
'32c
' 127
104
' 123
' 114
'115
' 121
'12f
' 134
131
132
123
15C
US
116
'15t
' 14^
147
'IK
71
151
111
106
117
127
128
114
123
113
115
••122
104
109
142
58
87
110
117
114
82
120
116
135
143
124
119
89
115
118
116
113
116
116
134
143
117
118
••115
113
124
127
61
106
106
••113
112
112
121
108
124
144
117
125
'128
114
129
129
121
148
117
111
'141
134
138
'157
69
134
113
118
114
98
117
114
;
1
144
14fc
IIP
'137
ir
' 12.
'121
105
Ui
'115
'14*
14?
US
14C
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
v 195
110
121
New orders, total...
Jan. 1939=100133
12'
130
164
172
172
171
176
194
189
P276
118
Durable goods
do
141
157
159
163
211
235
237
252
246
'28£
277
P289
131
141
Electrical machinery
do...
168
190
208
228
253
258
294
257
'29(
303
104
P302
145
Iron and steel and their products
do...
161
151
140
199
211
214
216
256
' 30^
295
133
141
P259
159
154
Other machinery
.->
do...
16'
212
231
209
238
267
'26'
277
123
135
Other durable goods
do....
P242
144
162
179
225
269
292
282
231
'261
237
105
109
P 143
118
107
Nondurable goods.
do
108
133
131
129
120
132
132
' 13(
120
123
126
117
P 172
124
145
Shipments, total
do.. .
146
148
152
148
' 16,
159
133
136
140
127
Durable goods
.
do._.
*>204
129
158
167
172
184
175
19
189
127
118
107
75
P 154
41
100
Automobiles and equipment.
do...
148
158
161
155
' 16
165
142
147
153
137
Electrical machinery..
do.._
143
161
159
^230
178
200
181
'20<
205
121
133
152
146
163
180
175
P214
Iron and steel and their products
do
176
195
190
198
'21(
Transportation equipment (except autov
235
mobiles)
-Jan. 1939=100.
211
197
180
188
244
P38'
234
261
336
268
'37(
325
151
Other machinery.._
.do.
149
155
157
147
165
P233
162
170
193
181
202
'21'
129
147
Other durable goods
do
138
137
132
171
P 195
173
172
167
163
' 18
176
108
119
Nondurable goods...
do
111
114
109
134
v 144
128
127
124
123
133
' 13(
115
116
Chemicals and allied products.
.do.
121
121
110
138
P 160
129
130
124
142
' 14
146
107
113
Food and kindred products
do.
111
114
108
131
P 130
122
120
112
114
'12
120
124
129
Paper and allied products
do.
137
142
135
137
P161
133
134
146
'142
15
148
106
103
108
112
103
Petroleum refining.
do.
111
P 118
107
112
107
110
' 11
110
130
130
135
159
122
Rubber products
...do.
147
P 192
163
164
169
158
171
' 17
113
Textile-mill products
do.
92
93
136
P 166
142
141
140
143
154
' 15
147
103
107
Other nondurable goods
do.
147
132
130
113
105
123
114
134
' 14
' Revised.
» Preliminary.
tRevised series. Revised indexes of industrial production beginning 1919 (1923 for industrial groups and industries), including the new series, are available on pp. 12-17
of the August 1940 Survey, except for subsequent 1939 revisions for aircraft on p. 19 of the December 1940 Survey, and for rayon deliveries, total manufactures (unadjusted),
and durable manufactures (unadjusted) on p. 20 of the March 1941 Survey; a few minor revisions in 1939 data for transportation equipment, alcoholic beverages, dairy products,
textiles and products, minerals, and crude petroleum are available upon request.
*New series. For industrial production series, see note marked with "f". For indexes of manufacturers' orders and shipments beginning January 1939, see monthly
Surveys beginning with the September 1940 issue (description of data and figures for January-June 1939 are available on pp. 7-13 of that issue except for revisions given in
note marked with an "*" on p. 20 of the November 1940 Survey).
X Data on rubber products revised for 1940; revisions not shown above and on p. 19 are as follows: Unadjusted—January, 12 8; February, 121; March, 121. Adjusted—
anuary, 124; February, 124; March, 121.
SUEVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939. together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
21
1940
1941
April
April
May
June
July
August
1941
Sep.
tember
DecemOctober November
ber
January
Febru- March
ary
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*—Con.
Inventories, total
Dec. 31, 1938=100_
Durable goods
do
Automobiles and equipment..do
Electrical machinery
do
Iron and steel and their products
do
Transportation equipment (except automobiles)
Dec. 31, 1938=100..
Other machinery
_.
do
Other durable Roods
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
123.5
134.0
143.9
164.0
123. 2
108.9
111.5
109.1
114.9
110.8
109.1
112.1
105. 9
116.5
113.6
108.6
111.8
95.9
115.6
116.3
109.2
111.9
86.6
115. 6
119. 1
110.9
115.4
112.3
115.5
120.1
112.2
118.4
128.7
116.7
121.1
114.4
121.2
130. 6
122.1
123.8
116.5
124.1
130.7
126.8
126.9
119.3
127.9
134.7
133.9
129.4
120.8
129.7
134.3
140.4
128.5
121.1
130.7
135.6
148.2
127.0
' 122. 1
r 131.8
rr 138.9
157. 1
r
124.0
p 354. 0
p 134. 0
v 110.4
P 112.1
v 115. 9
p 106.8
p 111. 1
p 99. 7
p 141.7
P 126 6
P 106. 1
160. 4
110.9
107.8
106.2
111.5
98.4
106.6
95.5
120.7
164.9
110.6
107.0
105.8
111.1
97.5
104.9
97.1
122.2
105. 3
185.2
110.8
105.7
106. 4
111.7
100.6
104. 5
98.3
120.5
118 5
104.1
194.7
110.7
104.5
106.0
112.4
101.7
107.1
98.3
124.0
114.9
100.8
207.8
112.2
104.1
105.5
110.7
99.8
108. 4
99.0
125. 5
115.0
100.3
228.8
114.8
104.9
107.1
110.1
101.0
110.3
98.7
124.6
119.9
103.2
251.9
117.6
105.9
108.5
110.5
104.6
110.7
97.7
124.4
121.4
104.2
271.1
122.1
108.3
110.1
114.1
107.0
112.8
98.5
126.6
119.0
106.7
297.1
125.6
110.2
111.2
114.2
105. 8
111.8
98.4
131.4
119.7
111.7
318.9
128.2
108.5
110.8
114.8
103.9
112.0
98.4
135.1
121.5
110.0
r
r
r
r
106.0
174.4
110.0
106. 7
105.2
111.3
97.1
104.0
96.3
116.7
118.5
104.6
85.7
73 1
78.2
85.3
87.0
98.1
85.5
73 1
77.4
85.9
87.4
98.1
85.5
73 1
77.2
86.3
87.5
98.1
85.9
73 0
78.3
86.5
87.5
98.1
86.0
73 0
78.7
86.4
87.6
98.1
80. 1
73 1
78.8
86. 4
87.7
98.2
86. 3
73 2
79.2
86.4
87.7
98.3
100.4
101.6
97.2
99.3
100.3
104.7
101.4
100.2
101.6
96.2
99.9
100.4
104.7
101.6
100.1
101.6
95.9
100.3
100.6
104.7
101.7
100.7
101.6
97.3
100.7
100.4
104.9
101.8
100.8
100. 7
97.8
100.8
100. 1
105. 0
101.9
100.8
100. 4
97.9
100. 6
100.4
105.1
101.9
101.2
102.1
98 4
100. 7
101.6
105.1
101.9
97
104
76
111
73
77
114
114
95
99
112
78
116
79
80
112
99
100
99
120
79
121
71
S3
112
98
90
101
122
79
128
75
81
111
93
102
104
100
80
121
78
84
130
117
104
103
90
80
118
80
81
130
156
93
103
90
82
118
83
84
129
134
91
p
p
v
p
P
341.8
129.9
109.3
111.8
r 115.0
p
105. 1
r
112.5
r 08. 4
r
140. 6
r
125. 1
r
108. 6
COMMODITY PRICES
COST OF LIVING
National Industrial Conference Board:
Combined indext
1923=100
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 BY FARMERS§
U. S. Department of Agriculture:
Combined index
1909-14-100
Chickens and eggs
do .
Cotton and cottonseed
do
Dairy products
do _
Fruits. _
_ __
do...
Grains
_. do _
Meat animals
.
. . . do ._
Truck crops
do
Miscellaneous
.
_ do __
86.9
73 3
81.0
86 4
87.8
98. 3
85.0
73 2
77 4
85 4
86.7
97 0
85.2
73 1
78.1
84.1
86.7
97.0
102.2
102.3
100. 6
100. 9
102. 2
105. 4
102.2
110
104
88
121
89
90
137
161
94
85.5
73 1
79.1
84.2
86.8
97.0
85. 7
73 1
78.4
84.5
86.8
98.2
85.4
73 0
77.4
84.8
86.9
98. 1
100.5
101.7
98.3
98.6
100.1
104.6
100 6
98
82
85
110
81
96
104
198
100
98
84
83
106
88
92
108
117
101
95
81
81
104
104
83
102
112
100
95
88
80
105
89
78
110
98
98
96
90
109
79
76
110
107
107
RETAIL PRICES
U. S. Department of Labor indexes:
83. 0
83. 0
83. 0
82.5
82 3
83.0
81.7
81.2
Anthracite . .
_ _ __ . .1923-25=100
78.6
90.3
90. 3
90. 3
90.2
90.0
89.0
90. 1
86.9
Bituminous coal^
do
85 5
Food (see under cost of living above).
Fairchild's index:
94.8
94. 5
94.2
93.9
95. 5
93.7
93.2
93.5
Combined index
Dec. 31,1930=100 .
92.9
92 9
92.9
92 8
92 8
Apparel:
97 6
97.6
97.6
97.6
97.6
97.3
97.7
97.0
97.3
Infants'
do
96 9
96 9
96 9
97 0
89.3
89.4
89.3
89 5
89.3
89 3
89.3
89.1
Men's
do
89.1
89 1
89 1
88 9
88 9
93.0
93. 3
93. 6
92.5
93. 9
92.1
91.6
Women's
do
92.2
91.8
92.1
92.0
91.7
91.8
96. 0
95.8
96. 5
95.7
97.7
95 3
95. 6
95.0
94. 6
Home furnishings
do
Q4 6
94 3
94 6
94 5
87.3
87.8
87.
6
87.0
88. 8
86.8
86.7
Piece goods __
do 86.0
86.7
86.0
86.0
86.0
86.0
WHOLESALE PRICES
U. S. Department of Labor indexes:
80.8
81.5
80. 6
80.0
83.2
79.6
78.0
77.4
78.7
Combined index (813quotations*)..1926=100.
77.7
78.4
77.5
78.6
Economic classes:
84.2
83. 5
83.5
82.8
85. 5
82.6
82.1
Finished products
do
81.0
81.5
80.9
80.5
81 2
81 3
77 5
74.6
75.3
71.4
72.6
73.6
74.0
70.5
70 7
70.7
Raw materials
.
- do _
69.8
72 0
73 0
81.3
83. 4
80.7
81.6
S5. 1
79.4
80.7
77.6
77.0
77.8
Semimanufactures
do
78 3
77 9
78 2
71.6
71.6
70.3
69.7
68.2
74. 4
66.2
66. 4
66 5
65 6
Farm products
do
66 2
69 4
67 9
67.6
67.8
64. 5
67.0
70.9
67.7
65. 4
60. 8
59. 3
Grains
-_
do ..
64 4
61.7
71 2
77 2
83.0
82.5
72.7
82.
4
69.9
86. 2
72.4
70.6
Livestock and poultry
do
71.5
69.8
68.4
69.6
64.7
Commodities other than farm products*
82. 7
83. 6
82. 7
82.1
85, 0
80.4
81.9
81.3
80 0
1926 = 100..-.
79.9
79.8
80. 5
80.5
73. 7
73. 5
73. 5
72.5
75. 2
77.9
71.1
71.5
70.3
Foods
do
70 3
71 4
70.1
71 Q
80.
2
79.
7
80.3
84.2
82.3
81.0
77.3
74.
3
75.1
72 2
73.7
Dairy products
do
72.8
77 A
59. 6
m. 4
60. 7
61.2
60. 4
(53. 8
58. 9
60.8
63.2
69.0
Fruits and vegetables
.
do .-_
73* 9
69. 2
65.7
83.2
83. 6
76.2
77.0
83.7
85. 6
79.0
75.6
76. 1
72.9
Meats
do
70 7
73 8
71 1
Commodities other than farm products and
81.9
84.4
84.3
84.1
84.1
85.
9
82.3
83.5
82.0
82.3
82.2
foods
1926= 100._
82.5
82 5
99. 5
97.8
98.9
99. 3
99. 6
99. 3
100.1
95. 6
92 5
93.3
92.4
Building materials
.
do _
92 5
92 5
91. 5
90.2
91.1
91. 3
91. 4
90. 2
90.2
91.7
90.1
90.1
90.2
90.2
Brick and tile
do . . .
90.2
90. 8
90.8
90.8
90.9
90.7 i 90.8
90.6
90. 6
91.0
90. 6
90.6
90.3
90.5
Cementt
do
117.2
116.7
118.4
1
117.5
118.8
114.
4
116.7
98.4
107.1
94.8
94. 8
96.0
Lumber!
- --- - -- do
96 7
78.6
79. 8
77.7
77.5
76.9
78. 5
76.8
76.7
81.8
77.0
76.1
Chemicals and allied products!
do
76. 8
76. 7
8/~i. 7
80. 6
85. 1
85.0 i
85.4
85. 9
84.8
86.4
84.8
84.9
85.1
85.1
85 0
Chemicalsf
do . .
90. 9
97.2
95. 9
90.2
90 5
96. 2
96.0
95.8
97. 5
82.2
95. 9
82.0
81.8
Drugs and pharmaceuticalsf
do
69.9
70.0 !
70. 4
68. 1
68. 0
71.0
67.4
67.3
70.7 S 70.4
68.1
Fertilizer materialst.-. --.
do
70.8
70.7
r
Revised, pPreliminary. ©Number of quotations increased to 887 in recent months. JFor monthly data beginning 1933, see p. 18 of the April 1940 Survey.
§Data for May 15,1941: Total, 112; chickens and eggs, 107; cotton and cottonseed, 98; dairy products, 124; fruits, 89; grains, 93; meat animals, 138; truck crops, 146;; miscelr
Ianeous, 93.
^Covers 37 cities in June, September, and October, 36 in November, and 35 beginning in December; data now available monthly for coal-burning season.
tRevised series. National Industrial Conference Board's index of cost of living and food component and index of wholesale prices of lumber revised beginning 1935, see
tables 5 and 7, respectively, p. 18 of the January 1941 Survey. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940 Survey. Data for chemicals and allied products and subgroups revised beginning 1926; see table 32, p. 18 of the August 1940 Survey.
*New series. For Department of Labor's index of prices of commodities other than farm products beginning 1913, see table 36, p. 18 of the September 1940 Survey. For
indexes of manufacturers' inventories beginning January 1939, see monthly Surveys beginning with the September 1940 issue (description of data and figures for January-June
1939 are available on pp. 7-13 of that issue except for revisions dvcn
in note marked with an "*" on p. 21 of the November 1940 Survey). Earlier data for the Department
of Labor's cost of living series appear in table 19, p. 18 of the Maj71941 Survey.
22
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
June 1941
1941
1940
1941
April
April
June
May
DecemSepAugust tember
October November
ber
July
January
Febru- March
ary
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Con.
Commodities other than farm products and
foods—Continued.
Fuel and lighting materials
1926=100-.
Electricity
do
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins
do
Leather
do
Shoes
.
do
House-furnishing goods
do
Furnishings
do
Furnituredo
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.)
71.7
73.9
84.4
50.7
101.3
92.2
93.6
107.9
88.5
94.8
81.9
94.5
94.2
80.3
80.6
72.9
85.0
69.4
61.3
29.5
47.0
83.4
77.7
58.0
90.7
71.4
74.2
87.4
50.0
99.2
81.9
92.4
107.9
88.5
94.9
81.7
94.7
94.3
81.2
80.5
72.6
85.3
68.4
61.6
29.5
46.1
83.7
77.3
58.2
91.7
71.1
73.3
88.2
49.5
99.0
84.6
91.4
107.0
88.5
94.8
81.8
95.1
94.6
80.8
80.5
72.4
85.3
68.8
61.5
29.5
43.3
83.9
77.7
58.8
93.5
71.1
72.4
84.5
49.2
96.9
77.1
88.3
107.0
88.5
94.8
81.8
94.9
94.8
79.1
80.5
72.3
85.6
68.6
61.5
29.5
43.0
83.7
76.7
58.8
93.5
71.0
73.5
84.8
48.9
98.3
S4.0
88.9
107.0
88.5
94.8
81.8
95.4
94.9
80.7
80.5
72.5
85.6
69.2
61.4
29.5
42.8
84.2
76.5
58.8
93.2
71.6
'71.6
82.4
49.0
100.4
93.8
90.9
107.0
88.6
95.0
81.8
97.3
94.9
83.6
80.5
73.6
85.7
71.5
61.4
29.5
44.7
86.3
76.9
58.8
93.2
71.9
73.3
80.5
49.3
102.3
101.2
93.2
107.1
88.6
95.0
81.8
97.6
95.3
83.9
80.5
74.5
85.7
73.6
61.5
29.5
42.8
88.8
77.5
58.6
93.1
71.7
73.4
78.2
49.5
102.3
99.3
94.1
107.2
88.9
95.1
82.2
97.6
95.4
83.4
80.5
74.8
85.5
74.9
60.7
29.5
42.5
89.0
77.3
58.3
93.1
72.1
72.1
72.0
51.9
103.9
104.7
95.6
107.8
90.4
97.1
83.4
97.9
95.9
84.3
83.0
81.0
88.7
86.8
61.1
29.5
48.3
93.3
78.6
58.8
94.5
71.8
76.0
82.0
50.4
101.8
94.8
93.2
108.2
88.4
94.5
81.9
94.5
94.3
79.2
80.9
72.9
84.7
70.2
61.7
29.5
45.4
83.8
77.7
58.0
89.5
77.5
50.0
102.4
99.1
94.4
107.4
89.0
95.2
82.6
97.7
95.7
83.6
80.5
75.2
86.6
75.8
59.9
29.5
42.5
89.2
77.1
58.2
93.1
77.6
50.0
101.6
94.8
94.5
107.4
89.1
95.3
82.6
97.6
95.5
84.0
82.2
76.4
87.2
77.5
60.3
29.5
43.3
91.2
76.9
58.2
93.3
77.0
49.9
102.6
99.1
94.8
107.4
89.5
95.8
82.9
97.7
95.7
84.3
82.8
78.4
87,7
81.1
60. 4
29.5
47.7
93.2
77. 6
58.4
93.5
121.0
125.8
133.7
117.1
128.1
131.6
149. 9
119. 6
128.5
130.4
149.9
119.3
129.9
128.7
154.8
118.9
129.6
129.9
154. 8
118.6
130.1
131.4
153.1
119.0
129.1
130.2
151.5
118.6
128.0
131.6
148.6
118.9
125.6
131.9
148.6
118.9
125.9
130.0
145.6
118.3 |
124.7
129.4
141.4
118.2
125.0
129.2
142.7
118.1
123.6
128.5
142. 7
117.8
PURCHASING POWER OF THE
DOLLAR
Wholesale prices.
Retail food pricesf
Prices received by farmers.
Cost of livingf.
1923-25 = 100.
do
do...
do...
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25 = 100-.
Residential, unadjusted.
do
Total, adjusted
do
Residential adjusted
do
F. W. Dodge Corporation (37 States):
Total projects
number, _
Total valuation
thous. of dol_.
Public ownership
do
Private ownership
do
Nonresidential buildings:
Projects
number. _
Floor area__.
thous. of sq. ft..
Valuation .
thous. of dol_.
Residential buildings, all types:
Projects
number. _
Floor area..
thous. of sq. ft._
Valuation.
thous. of dol_.
Public works:
Projects
.
number. _
Valuation
thous. of dol..
Utilities:
Projects
number..
Valuation.
thous. of dol..
Families provided for and indicated expenditures for building construction (based on
bldg. permits). U. S. Dept. of Labor indexes:
Number of families provided for. .. 1929 = 100.
Indicated expenditures for:
Total building construction
do
New residential buildings
do
New nonresidential buildings
do
Additions, alterations, and repairs- do
Estimated number of new dwelling units provided in all urban areas (U. S. Dept. of
Labor) :f
Total
number..
l-family dwellings
do
2-family dwellings
do
Multifamily dwellings
do
Engineering construction:
Contract awards (E. N. R.)§__-thous. of doL.
v 107
Streets and alleys
do.
94
81
90
82
93
82
93
82
90
82
95
85
26, 679
324, 726
147,316
177, 410
28, 466
398, 673
204, 568
194,105
31,512
414,941
195,293
219,648
31,671
347, 651
143, 996
203, 655
34, 084
383, 069
174, 506
208, 563
31,
380,
194,
185,
528
347
591
756
34, 959
456,189
257, 693
198, 496
21,462
305, 205
111, 124
194, 081
25, 001
270, 373
90, 425
173,948
4,346
16, 971
90, 164
4,078
18, 028
91, 995
4, 130
23, 413
138, 954
5,199
23, 654
119,189
5,135
23, 431
101, 295
7,284
34, 028
136, 405
6,144
33, 890
148, 367
8,746
42,129
182,618
3,438
23,918
118, 757
4.120
19,718
90,058
22, 939
36,312
145,912
20, 584
33, 537
135, 274
22, 387
36, 227
140, 430
24, 277
38, 987
152, 988
24, 758
41, 630
152, 372
24, 888
40, 778
148, 469
24,009
42,151
152, 838
24,176
48,183
159,275
16, 936
28, 450
111,300
1, 733
81,261
1, 789
74, 433
1.686
85, 681
1,685
119,358
1,339
59. 898
1,482
73, 220
921
51, 430
761
73, 447
812
59, 022
42, 242
975
84, 592
183
11, 577
228
23, 024
263
33, 608
351
23,406
439
34, 086
430
24, 975
454
27, 712
476
40, 849
270
15, 520
410
21,014
336
45, 994
79.6
63.0
79.5
SO. 4
86.2
98.0
67.4
66.2
63. 7
63.4
84.0
58.5
30.6
62.1
46.7
45.2
31.0
69.1
56. 0
56. 4
39.7
65.8
55.5
55.5
40.9
50.4
51.4
60.5
28.0
60.5
68^5
69.8
57.0
60.8
47.4
60.3
43.5
63.4
45.6
67.4
40.2
41.8
43.8
27 5
43! 7
39.9 |
43.0
24.4
43.8
47. 1
59.8
22.4
54.5
75
64
64
101
504
450
054
29, 201
328, 914
111,578
217, 336
5, 233
31. 509
143, 304
3,815
16. 610
88, S21
29, 499
41, 978
166, 462
20, 594
33, 459
135, 420
1,283
71,426
1,512
62, 881
365
25. 483
180
13, 382
110.3
'82.2
65.3
82.2
34.1
62.5
52.0
57.0
29.7
64.4
36.
406.
168.
237,
380
675
817
858
26,
300,
103,
197,
• 38. 527
• 28, 892
• 2.919
' 7, 216
" 37, 491
• 28. 493
' 3, 394
' 6. 054
211,816 j 282,296
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Totalt
thous. sq. yd-. I 5,042
Airports*
do
1, 358
Roads
do.
2,087
r
93
78
85
77
73
73
64
62
1, 596
4, 121
63
3,170
888
7, 584
48 j
5,496 j
2,041 i
76
74
69
99
83
111
93 |
115 I
90
• 29, 861 •30.031 '30,918
• 24, 147 - 21), 093 ' 29, 029
r
3. 003 r 3.018
r 2 127
r
4, 53.5 ' 4, 271
' 3, 587
r
481
901
973
514
' 43, 101
T
30. 104
' 3'. 475
' 9, 402
'31. 120
*• 23, 211
' 2, 375
' 5, 540
' 29, 202
r
21,205
' 2. 073
' 5, 804
252,763 j 347,852
368, 252
702, 842
382, 724
398, 704
5,788
5, 788
1,
045
1,045
3,170
3,170
1,574
1,574
6.882
6. 882
922
922
3,673
2,287
2,287
5, 050
1,195
2,197
1,658
4, 496
644
2,262
1,590
6, 756
468
4,575
1,713
5, 478
251
3,406
1,821
7 285
868
4.049
2,368
38.
27,
' 3,
' 0,
84
70
103
84
20, 727
18,398
1.917
0,412
86
08
99
70
'94
' 78
'94
' 74
32.
479.
226.
253,
304
903
392
511
5.008
29.451
201,458
19.746
25.325
29,322 I 35.801
110, 459 147,859
27,480 ! 35, 227
20,512 I 27. 103
2.429 I 2, 700
4,539
5. 304
584,549 | 424,209 | 452,430
4. 907 |
832 j
2,814
1,321
2 083
' 227
819
1,037
i 3 507
' 1*029
\ 1*531
I 1,007
Revised.
v Preliminary. §Data for May, August, and October 1940 and January 1941 are for 5 weeks; other months, 4 weeks.
*New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18 of the Maj r 1940 Survey Earlier data for concrete pavement contract awards for
airports and for the total revised to include airports will appear in a subsequent issue.
t Revised series. Indicated series on "Purchasing power of the dollar" revised beginning January L935; see table 4, p. 18 of the January 1941 Survey. For revision in total
concrete pavement awards see note marked with an "*". Revised data on dwelling units beginning January 1939 are shown in table 18, "p. 17 of the May 1941 Survey. Estiefined by
by results
results of
of the
the 1940
1940 Census.
Census. ^Revisions
above
Total,
18 910" „
Feb
mates beginning January 1940 cover urban areas as defined
- — • - • - - -for
' - -1940
- " ^ -not
- - - -shown
'
•>-• are as follows:
-"
™
, , Jan
^
. - 24
. 891*
1,125;
Feb.,
'' '
Mar., 32,070; l-family, Jan., 11.087; Feb., 10,458; Mar,•., 23,918; 2-family,
''
" Jan.,
"
''" ~
" 2,048; Afar., 1,970: multi-family, Jan., 0,104; Feb., 0,385; Mar., 6,188. '
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
23
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the April
1940 Supplement to the Survey
1940
April
May
June
July
1941
SepNovemDecemFebruAugust tember October
March
ber January
ber
ary
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION-Continued
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
Mileage
no. of miles, _
Federal funds
thous. of doL_
Under construction:
Mileage
no. of miles. _
Federal funds
thous. of doLEstimated cost
do
Grade crossings:
Approved for construction:
Federal funds
do
Estimated cost
do
Under construction:
Federal funds
do
Estimated cost.
do
3, 621
42, 405
4,633
46, 922
4,645
50, 515
4,731
50, 724
4,034
43, 925
3,902
41,210
3,578
37, 242
3,030
32, 356
2,892
33, 555
2,926
35,949
3,047
36,845
3,100
36, 477
3, 322
39,100
8, 334
126,387
246,119
7,306
106,063
211,630
8,388
115,864
230, 819
8,915
121, 248
242,425
9,612
126, 761
253, 523
9,439
128, 737
257, 567
9,390
131,614
264, 589
8,906
127, 250
256, 691
8,236
121,566
244,464
7,536
113,922
228,840
7,315
113,671
227, 763
7,413
115, 932
232,054
7,773
121,029
241, 877
13,000
13, 535
9,810
10, 420
10, 328
11, 394
10,119
11,094
9, 652
10, 596
9,496
10,198
9,779
10, 214
9,473
9,855
9,081
9,307
10,123
10, 781
10, 573
11,C65
10, 331
10,719
11,060
11, 632
37, 648
39, 300
34, 526
35,819
36, 458
37, 751
37,013
38, 239
37,682
39,010
38, 323
39, 674
35, 975
37, 543
35, 831
37, 226
34,813
36, 352
32, 483
34, 001
32,072
33, 59?
33, 226
34, 715
35, 292
36,768
213
213
230
196
216
203
190
221
183
210
202
191
220
184
202
191
220
184
208
202
192
220
184
209
202
192
220
184
209
206
195
225
190
212
208
198
227
191
214
208
198
228
191
214
212
202
230
194
217
212
208
231
194
216
212
209
231
194
216
212
209
231
194
216
195
187
187
188
189
189
191
192
193
193
193
194
134.0
119. 6
121.0
131.9
117.1
118.9
96.7
131.9
117.2
118.9
96.5
132.1
114.5
118.8
96.6
132.3
114. 9
118.8
96.8
132.6
115.1
119.0
97.3
132.8
115. 3
119.4
98.0
132. 9
115.5
120.2
98.0
132.9
115.5
120.2
98.3
133. 5
116.1
120.5
98.7
133.8
116.9
120.8
98.7
133.8
116.9
120.8
98.5
133. 9
119.3
120.6
101.
136.
123.
121.
7
6
0
3
98.2
134.6
121.9
119.9
98.3
134.6
121.9
120.4
98.2
135.5
117.8
120.3
98.2
135.5
118.2
120.3
98.4
135.7
118.3
120.4
98.7
135.8
118.4
120.6
99.1
135.8
118.6
120.7
99.1
135.9
118.6
120.7
99.3
136. 3
119.0
121.0
99.6
136.5
119.6
121. 2
99.6
136. 5
119. 6
121.2
99.7
136. 6
122.8
121. 2
100. 8
133.7
122.1
122.1
97.0
131.3
115.2
118.7
97.1
131.3
115. 3
119.1
96.9
131.1
113.1
118.9
96.8
131.2
114. 0
118.9
97.1
131.7
114.3
119.2
97.8
131.9
114.6
119.7
98.7
132.2
114.8
120.5
98.7
132.3
114.8
120. 5
99.0
132. 9
115.5
120.9
99.4
133.2
117.2
121.1
99.4
133. 2
117.2
121.1
99.2
133.4
121.2
121.6
95.6
132.1
114.5
118.0
89.4
125.9
105.8
110.4
89.5
125.9
106.2
110.8
125.4
104.3
110.1
88.5
124.4
104.4
110.1
89.6
126.1
105.8
111.2
92.3
127.2
107.0
113.3
96.2
127.8
107.8
117.6
96.2
128. 2
107.9
117.6
96.7
130.2
109.9
118.4
97.7
130.7
112. 5
118.6
97.7
130. 7
112.5
118.6
96. 3
131. 3
114.3
116.2
93.7
131. 9
110.9
117. 0
124.4
100.2
107.2
87.0
124.4
100.5
107.8
86.1
123.6
98.6
106.9
85.7
122.3
98.8
106. 9
87.2
124.5
100.8
108.3
90.6
125.9
102.2
111.0
95.6
126.7
103.1
116.6
95.6
127.2
103.3
116.6
96.2
129.7
105. 8
117.5
97.5
130.3
109.1
117.7
97.5
130.3
109.1
117.7
95.2
131. 0
110.5
114.7
255. 6
238.9
241.6
242.2
242.2
244.1
245.0
247.2
249.1
249.7
250.5
250. 7
252. 4
115.6
112.0
122. 9
106.2
104.3
110.0
106 2
104.4
109.9
106.2
104.4
109.7
106.0
104.3
109.5
106. 2
104.4
109.7
107.0
105.0
111.0
108.7
106.5
113.3
110.6
107.8
116.3
112.5
109.1
119.2
113.6
109.9
121.3
114.6
111.0
121.9
114.9
111.3
122.2
76, 874
9,930
84, 357
88,074
89,379
84,689
92, 083
66, 754
56, 878
54,728
52,116
•5, 516
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100.
American Appraisal Co.:t
Average, 30 cities
1913=100.
Atlanta
do___
New York
do...
San Francisco
d o...
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-__
Commerical and factory buildings:
Brick and concrete:
Atlanta
do__.
New York
do...
San Francisco
do...
St. Louis
do...
Brick and steel:
Atlanta
do...
New York
do-__
San Francisco
do.. _
St. Louis
do--.
Residences:
Brick:
Atlanta
do...
New York
do...
San Francisco
do.. .
St. Louis
do_-_
Frame:
Atlanta
do—
New York
do~ _.
San Francisco
do...
St. Louis
do._Engineering News Record (all types) §
1913=100.
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index
1936=100.
Materials
do...
Labor
do...
194
193
195
197
REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance!
thous. of doL. 92, 406
Premium-paying mortgages (cumulative)
thous. of dol._ 2,968,407
Estimated new mortgage loans by all savings
and loan associations, total.._thous. of dol__ 120, 631
Classified according to purpose:
Mortgage loans on homes:
38, 686
Construction
do
48,311
Home purchase
do
16, 905
Refinancing
do
6, 368
Repairs and reconditioning
do
10,
361
Loans for all other purposes
do
Classified according to type of association:
51,
371
Federal
thous. of dol..
50, 956
State members
.
do
18, 304
Nonmembers
do
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of doL.11,628,421
Fed. Home Loan Bks., outstanding advances
to member institutions
thous. of dol. 141, 828
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of dol.. 1,899,856
Foreclosures:
96
Nonfarm real estate
1926 = 100_.
Metropolitan communities
do
90
Fire losses
thous. of dol. 29, 330
,180,413 2,233,991 2,288,348 2,348,663 2,411,632 2,479,964 2,559,984 2,628,851 2,706,353 2,785,138 2,846,467 2,908,104
108,001
114,542
106, 984
114,301
117,622
111, 775
114,400
94, 567
88, 553
80, 440
82, 330
105,162
33, 764
37, 821
20, 859
6, 097
9,460
36, 956
42, 049
18,034
6,896
10,607
35,523
38,402
17,147
5,691
10, 221
39, 907
40,658
17,649
6,115
9,972
42,488
40, 567
17, 762
6,079
10, 726
39,417
40,947
15,483
6,283
9,645
41,610
40, 771
16,840
5,756
9,423
32,584
33, 875
14,441
4,869
8,798
30, 032
31,465
14, 575
4,248
8,233
26, 662
27, 809
13, 645
3,784
8,540
26, 483
30, 283
14, 204
3,573
7,787
33, 250
41, 784
16,903
4, 765
8, 460
46,577
43,015
18,409
49,287
45, 803
19, 452
47,435
42, 214
17,335
48,676
45,414
20, 211
50,305
46, 807
20,510
46,480
45,988
19,307
48, 307
46,224
19,869
38,896
40, 143
15,528
37, 715
36, 729
14,109
34,360
33,947
12,133
35, 645
35, 301
11,381
45, 365
43, 947
15, 850
1,348,072 1,376,700 1,405,100 1,432,100 1,461,867 1,487,974 1,515,392 1,533,246 1,546,270 1,564,168 1,578,543 1,600,482
133,811
137,509
157,397
126
119
23,447
168, 402
176,047
181,526
185,547
201,492
170, 849
156, 899
145, 959
2,004,737 1,996,443 1,987,611 1,980,704 1,968,816 1,956,268 1,942,427 1,929,316 1,913,862
2,020,572 2,017,395
113
108
26, 657
162, 222
116
108
19, 506
111
108
20,323
108
105
20, 722
111
106
21,198
111
106
22, 091
103
94
23,449
99
94
28, 617
96
90
26,470
87
83
26,102
100
92
31,471
§ 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.
t Revised series. Revised indexes beginning 1913 are available in table 44, p. 13 of the November 1940 Survey.
^Figure for April 1941 includes mortgages insured under the defense housing insurance fund.
cm-;^
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1910
1941
April
June 1941
April
May
June
July
August
1941
September
DecemOctober November
ber
January
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:
89. 0
Combined index
1928-32=100.
G8. 8
Farm papers
do. _ _
84.1
Magazines
do._.
83.2
Newspapers
.
do...
83.5
Outdoor
do__.
Radio§
do...
Radio advertising:
8, 623
Cost of facilities, total
thous. of dol.
636
Automobiles and accessories
do
46
Clothing
do_...
0
Electric household equipment
do
99
Financial
do
2, 505
Foods, food beverages, confections
do
47
House furnishings, etc
do
1, 045
Soap, cleansers, etc
do
0
Office furnishings and supplies.
do
1, 342
Smoking materials
do
Toilet goods, medical supplies
do
All other
do
Magazine advertising:
17, 981
Cost, total
do
2, 816
Automobiles and accessories
do
1,124
Clothing
do....
832
Electric household equipment
do
449
Financial
do
2, 444
Foods, food beverages, confections
do
1,097
House furnishings, etc
do
541
Soap, cleansers, etc
do
235
Office furnishings and supplies
do
795
Smoking materials
do
2, 505
Toilet goods, medical supplies
do__.
5,143
All other
do
2, 686
Linage, total
thous. of lines.
Newspaper advertising:
119,230
Linage, total (52 cities)
do
24,911
Classified
do
94, 318
Display, total
do...
6, 906
Automotive
do...
1,976
Financial
do.__
17.
625
General
do
67,811
Retail
.
do._.
84.7
66,. 4
83.0
78.1
87.2
290.8
89.3
69.1
85.1
83.2
86.2
325.2
84.6
62.5
85.8
76.9
82.0
358.4
84.1
58.5
88.4
74.6
86.4
416.5
87.4
63.0
79.9
80.4
89.4
415. 3
86.4
58.3
80.9
79.4
87.7
396.8
85.4
66.1
83.0
78.8
78.8
355.9
84.9
66.7
85.3
79.7
62.5
340.1
92.1
73.9
80.7
87.6
84.4
82.9
63.4
72.6
77.7
79.8
86.8
59.4
80.9
80.5
89.3
61.3
83.7
80.0
104.5
7, 728
722
33
0
74
2, 389
80
912
0
1,190
2,126
201
7,928
728
56
0
92
2,383
90
963
0
1,283
2,109
224
7,086
680
54
0
81
2,039
85
846
0
1,157
1, 926
218
7,137
498
35
0
94
2, 095
87
977
0
1,193
2,002
158
6, 842
489
33
0
90
1, 889
79
907
0
1, 224
1, 897
235
7,273
506
55
0
87
2,018
91
874
0
1,169
2,088
385
9,832
742
50
0
92
2,530
103
1,011
2
1,302
2,609
1,390
9,016
724
74
0
91
2,480
93
949
16
1,281
2,365
943
9,307
857
63
0
97
2,664
105
1,001
17
1,376
2,626
503
' 9, 082
' 779
'59
0
' 105
' 2, 557
'67
' 1, 052
17
1,416
' 2, 639
'389
' 8,106
'698
60
0
'92
' 2, 290
'46
915
0
1, 263
' 2, 355
'387
8,968
807
62
0
99
2, 609
58
1,040
0
1,336
2, 491
' 467
17,312
2, 986
1, 024
747
481
2, 285
1,130
468
192
663
2, 576
4, 759
2, 725
16,454
2,744
925
842
441
2,213
1,134
514
235
702
2,325
4,378
2,430
15, 648
2,415
807
657
504
2,391
826
546
150
863
2,420
4, 069
2,014
10, 797
1, 439
231
261
343
2, 138
304
413
sn
13, 635
1,611
1, 061
281
378
2,140
825
429
305
790
2,147
3, 668
2,410
16, 626
2,742
1,216
525
452
2,440
1,177
441
219
776
2,433
4,207
2,432
15,861
2,427
878
531
432
2,582
945
471
248
874
2,295
4,180
2,460
13, 589
1,270
745
646
336
2,003
684
240
345
682
2,081
4, 558
1,691
8,713
1,056
305
94
321
1,615
265
190
137
r
673
1,177
'2,881
1,888
12, 524
1,584
592
245
380
2,198
434
435
219
702
2.135
3. 599
2,319
r
762
1, 969
2 857
l' 706
10, 005
1,215
-87
149
283
2, 004
235
382
"..88
698
1, "09
2, 656
1, 888
111,989
23, 083
88, 906
7,007
1,838
17, 824
62, 237
119, 883
23, 936
95, 948
7,812
1,477
19, 427
67, 231
103,290
23,216
80, 074
5, 639
1,485
17,069
55, 880
84, 440
21,194
63, 246
3,628
1,827
13, 043
44, 748
92, 041
21, 964
70, 077
3,619
1, :.96
12, 046
53, 216
106, 701
22, 328
84, 373
5,035
1,322
14, 546
63, 469
118, 784
22, 786
95, 997
6,471
1,606
18,511
69, 409
113,191
21,071
92,119
4,973
1, 359
16, 796
68, 992
122, 786
21,918
100, 868
4,124
1,742
13, 549
81, 452
93,171
21, 353
71,818
3,663
2,295
12, 544
53, 315
93, 963
20,690
73 272
5] 250
1, 432
14.806
51, 784
114,377
24, 712
89, 665
5,907
1,841
17, 228
64, 689
71.7
71.0
72.5
72.1
72.6
73.9
75.1
75.8
1, 792
2,084
1,712
1,872
oU
17, 914
2, 542
' 1,210
' 694
551
2, 763
845
568
304
'973
2,472
' 4, 993
2,920
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
percent of total..
72.1
NEW INCORPORATIONS
Business incorporations (4 States)
number..
2, 250
2,087
1,619
1,710
1,627
1,537
1,632
1,47'
Air mail: Pound-mile performance.-.millions..
Money orders:
Domestic, issued (50 cities):
Number
thousands..
Value
thous. of dol..
Domestic, paid (50 cities):
Number
thousands..
Value
thous. of dol..
Foreign, issued—value
do
Receipts, postal:
50 selected cities
do
50 industrial cities
do
1, 628
1,683
1,597
1,634 !
1,719
1,673
1,866
1, 668
4, 503
41, 548
309
028
4.151
38,218
4,226 |
40,144
3,901
39, 041
4,527
42, 719
4,373
41,646
4,914
45,154
4.879
44, 982
4. 496
43, 005
5, 553
53, 309
13,624
100.793
1, 450
928
120
430
13, 138
97, 435
1,362
13,106
100,955
1,519
12, 469
99, 068
1,248
15, 096
119,500
1,478
14,177
111,864
1,843
15,876
123,430
1,719
14,541
111,638
1,328
13,530
104, 754
1,195
16, 096
128,510
265 I
28,668
3,451
27, 626
3, 565
30, 325
3,572
35, 233
4,194
33, 201
3,686
45, 390
5, 539
32, 316
4, 001
30,536
3.777
34, 036
4, 159
POSTAL BUSINESS
31,615
3, 923
786 !
RETAIL TRADE
Automobiles, value of new passenger-car sales:
Unadjusted
1929-31 = 100.
---145.1
131.1
143.5
67.7
7C.9
136.2
118.3
140.1
147.9
129.6
Adjusted
do
112.5
104.1
122.
119.5
121.6
12C.2
118.7
133. 4
154.3
128.6
Chain-store sales, indexes:
Chain-Store Age, combined index (20 chains)
av. same m o n t h 1929-31 = 100
132.0
115.0
117.0
119.0
128.0
119.0
122.8
121.0
120.0
128.5
124.0
124.0
130.0
Apparel chains
do
148.0
122.0
123.0
120.0
149.0
132.0
134.0
137.0
132.0
136.0
144.0
133.0
133.0
D r u g chain-store sales:*
Unadjusted
1935-39 = 100
* 107.7
96.6
98.7 |
98.5
99. 4
102. 2
98.6
104. 7
140. 3
105.2
104.1 i
109. 2
100.4
Adjusted
do
* 111.4
99.9
102.1
104.8
107.6
102.7
103.8
103.2
105. 3
103.8 |
108.7
107.4
109.7
Grocery chain-store sales:
p
Unadjusted
1929-31 = 100
130.2
113.2
114.0
112.8
109. 9
110.2
110.0
120.8
112.4
115.3
118.4
123.4
127.4
Adjusted
do
P 126. 2
109.9
112.3 1 111.1
112.2
114.6
112.4
117.2
111.8
115.3
122.1
122. 8
126.1
Variety-store sales, combined sales, 7 chains: f
I
Unadjusted
1935-39=100
* 114.4
92.1
101.7
99.5
97.6
103.9
95.8
225.2
108.0
112.9
80.5
92.1
'94.8
Adjusted
do
P 114.7
103.2
105.2
104.4
106. 5
109. 2
110.3
108. 1
109. 7
109.7
109.9
113.2
116.2
Chain-store sales and stores operated:
Variety chains:
I
H . L. Green Co., I n e r t
1
Sales
t h o u s . of dol
4,227
3,279
3,751
3,784
3, 334
3,f>57
3, 536
3,992
7,972
4,395
2,890
2,996 !
, 546
Stores operated
number...
149
151
151!
151
151
151
150
149
150
150
150
149
149 I
S. S. Kresge Co.:
!
Sales
thous. of doL
13,314
10,498
11,815 I 11,643
10, 458
11,757
12, 626
10,870
24, 683
13, 290
9,409
11, 507
10,150 ;
Stores o p e r a t e d . . .
number
673
675
675 !
676
677
684
681
682
684
675
678
675 l
S. I I . Kress & Co.:
Sales
thous. of d o l . .
8,062
6,401 ! 6,838 i 6,310
6, 514
6, 6)1
6, 839
7, 514
7,659
15,732
5, 921
6, 222
156
Stores operated
number..
242
239 j
239!
239
239
239
239
241
242
242
242
242 ;
M c C r o r y Stores Corp.:
Sales
thous. of dol.
4,241
3,246!
3,507!
3,611
3, 334
3,626
3, 377
3, 768
4, 058
8 028 j 2 926
3,224 !
3,691
Stores operated
number..
199
203 !
203
203
202
202
202
203
204 |
202
199
199
199
T
Revised.
v Preliminary.
§ Index discontinued December 1940; data for radio advertising are included, however, in computing combined index.
tRevised series. Revised indexes of variety store sales beginning 1929 appear in table 30, p . 10 o: the August 1940 Survey. I I . L. Green Co. data revised beginning
F e b r u a r y 1939; for an explanation of the revision and revised data, see notes marked with a "j" on p. 21 of the September 1940 and December 1940 Surveys
*New series. For data beginning J u l y 1934, see table 1, p. 11 of the November 1940 Survey.
25
SURVEY OF CURRENT BUSINESS
Juno 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
April
May
DOMESTIC
RETAIL TRADE—Continued
1941
1940
June
July
August
September
NovemOctober
ber
December
January
4, 884
202
9, 042
204
3, 479
204
3, 531
204
4,021
201
February
March
TRADE—Continued
j
Chain store sales and stores operated—Con.
j
Variety chains—Con.
|
G. C. M u r p h y Co.:
j
Sales
thous. of dol__ j 4, 949
3, 585
4, 300
Stores operated
_ _.. number _!
204
203
203
F . W. Wool worth Co.:
I
Sales
thous. of dol.._
29.494 <• 23, 775 26, 067
Stores operated
number__
2.015
2,014
2,015
Other chains:
W. T. Grant Co.:
r
Sales
thous. of d o L .
9. 805
7,619
8, 787
Stores operated
number. _
492
492
493
J. C Penney Co.:
Sales
thous. of d o L . 27, 555 r 21, 174
23, 599
Stores operated
number...
1,591
1, 562
1, 562
Department stores:
Collections, ratio to accounts receivable:
Instalment accounts
percent..
17.3
17.8
Open accounts
do
46.5
46.8
86
89
Sales, total U. S., unadjusted...1923-25=100.> 105
104
114
137
Atlantaf
1935-39 = 100. 74
71
86
Boston
1923-25= 100. 91
93
Chicago
do
90
94
Cleveland
do
99
105
117
Dallas.. _
do . .
86
85
93
Kansas City
1925=100..
109
109
124
Minneapolis!
1935-39=100 _
100
83
85
New York
1923-25 = 100..
65
88
74
Philadelphia
do
105
142
120
Richmond
do....
111
90
88
St. Louis
do
110
90
95
San Francisco
__ ._ do _
•' 103
89
Sales, total U. S., adjusted!
. . . do.. .
89
14.1
Atlantaf.....
..
1935-39 = 100
115
111
Chicago
1923-25=100..
92
92
C le vel and
_
do
105
88
87
Dallas
_
do
118
105
103
109
110
110
Minneapolis!..
1935-39=100 I
103
90
88
New Y o r k . . . .
1923-25=100 . |
87
74
69
Philadelphia
do
105
92
88
St. Louis
do
112
San Francisco
do
96
99
Instalment sales, New England dept. stores
9.5
percent of total sales..
9.6
Stocks, total IT. S., end of month:
76
71
70
Unadjusted
1923-25 = 100 .
74
Adjusted....
do
69
68
Mail-order and store sales:
Total sales, 2 companies
thous. of dol__ 133, 787 102, 228 111,883
Montgomery Ward & Co
do
45, 856
45, 905
58, 068
Sears, Roebuck & Co
do
75, 719
56,372
65, 978
Rural sales of general merchandise:
115.3
122.8
Total U . S . , unadjusted
1929-31 = 100...
115.2
126. 3
E ast
do
134.4
135.8
South
.
_ _ do . . .
105.1
114.0
Middle West
do
Far West
do
127. 0
138. 4
125. 4
133. 8
Total U. S., adjusted
do.. .
120.8
137. 3
East
do
I_
160. 1
152.5
South
.
do
L
112.5
120.4
M id die W est
do _ . . . | _
142. 2
153.9
Far West
do
|_
4, 398
202
3. 966
202
4.370
202
3, 923
202
26, 020
2, 015
24, 507
2,013
26,828
2,014
25, 197
2, 021
28,634
2, 024
29, 688
2, 023
54, 571
2, 025
22, 00S
2,021
23,666
2. 023
26, 43(
2. 020
8,911
492
7, 698
492
8, 750
493
8.276
493
10,172
494
10,569
494
20, 030
494
6, 655
494
(i, 771
492
S, 439
24. 737
1, 568
20, 882
1, 568
24,492
1,575
24, 791
1, 578
29,584
1, 582
33, 765
1, 586
45,716
1, 586
20, 284
1,586
18,345
1, 587
16. 5
45.9
87
98
75
92
93
90
76
106
89
73
112
82
88
91
115
94
95
102
107
92
75
89
97
16.4
45.4
64
81
51
65
67
76
66
80
67
50
83
66
83
92
118
92
92
108
113
94
73
95
101
16.9
44. 1
107
62
86
84
94
86
110
76
60
104
78
98
98
123
107
101
122
125
101
80
104
104
16.7
42.4
105
132
80
104
107
127
91
115
108
79
128
106
103
97
122
100
102
115
101
104
79
99
100
17.7
47. 1
101
125
91
101
97
111
95
127
108
87
149
101
103
94
112
92
94
99
106
95
75
89
99
18 1
48.7
114
141
92
113
116
131
99
118
120
100
148
112
116
100
129
103
108
117
117
101
82
96
17. 5
44.9
179
223
145
173
178
201
158
173
184
148
239
167
188
101
129
103
104
116
111
102
81
101
109
79
93
69
81
75
96
r 81
110
63
79
81
100
92
78
55
99
80
90
101
122
101
100
126
115
99
77
100
109
79
79
63
94
81
90
103
127
99
107
118
111
97
82
94
10S
7.5
10.0
15.1
11.2
11.8
10.5
7.0
11.7
12.7
11.7
64
67
61
68
66
69
73
70
79
71
83
72
66
71
64
71
70
73
75
74
106,417
43, 104
63, 313
88, 565
37, 213
51,352
101,512
42, 692
58, 820
111,622
45, 972
65,650
133, 857
56, 937
76, 920
127,938
54,613
73,324
166,723
70, 850
95, 873
83, 466
33, 495
49, 971
83, 832
33,841
49, 992
110,866
44,485
60, 381
125. 5
133.1
132. 6
116.4
146. 7
137. 7
145. 0
164.9
123.3
153.9
96.4
95. 7
102. 6
88.1
121.9
132. 1
134.4
151.1
119.4
148. 6
119. 4
120.4
121.2
110.2
150.5
146. 0
151. 1
168.1
133.6
163. 4
135.1
136. 7
163.8
117.7
163. 5
127.8
139.0
148.4
114.9
139. 7
158. 4
167.1
207.9
138. 3
165. 9
122.0
129. 8
140. 3
108. 9
138.2
179.4
176.0
233.9
164. 5
186. 5
137. 9
136. 6
170. 3
125. 5
153.8
233. 7
256. 2
268. 3
210.6
245. 2
146.1
153. 9
178.7
135.0
150.2
110.9
112.3
139. 0
102. 3
110.5
145.7
147.7
175. 7
133. 7
150. 3
4 612
202
no
"l,'.r.S9
r
93
125
74
99
95
112
95
10S
84
74
* 121
97
99
103
125
10()
108
118
109
98
82
107
111
r
122. 0
128.0
161.8
110.3
111. I
150. 8
156.5
177.4
138.7
150. L
130. 7
138. 5
160. 5
117.7
13S.4
148.9
154.2
177.8
132.8
168. 1
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
!
Employment estimates (U. S. Dept. of Labor):
Civil uonagricultural employment, total*
thousands. . 37, 617
Employees in nonagricultural establishments, total
thousands. _ 31, 474
11,342
Manufacturing
do
Mining
do
547
Constr uction__.
do
1,760
3, 122
Transportation and public utilities.do
6, 457
Trade..
do....
4, 262
Financial, service, and misc
do
3, 984
Government
do
1, 532
Military and naval forces*
do
Manufacturing, unadjusted (U. S. Department
122. 3
of Labor) f.
1923-25 = 100 .
D urable goods!
do . . .
127.3
Iron and steel and their products, not including machinery
1923-25 = 100 .
Blast furnaces, steel works, and rolling |
mills
_ 1923-25 = 100 .1 137. 8
117.5
Hardware
do
j
Structural and ornamental metal work
j
1923-25 = 100.. i
99.1
105. 4
Tin cans and other tinware
do
Lumber and allied products
do.
73. 8
Furniture.
do
97.2
Lumber, sawmills
do.
65. 4
r
34, 882
35, 163 i 35, 425 i 35, 454
35. 902
36, 528
36, 867
36, 986
37,608 | 36,621 j 36,928
28, 739
9, 832
835
1,118
2, 956
6,122
4, 160
3,716
461
29, 020
9, 776
845
1,249
3,000
6,197
4,202
3, 751
29,311
9, 832
837
1,378
3, 059
6, 159
4, 218
3, 828
516
29, 759
10, 163
839
3, 081
6, 168
4, 226
3, 839
549
30, 385
10,479
846
1,511
3.120
6, 321
4, 255
3,853
634
30, 724
10, 668
856
1, 654
3, 121
6,362
4, 187
3, 876
464 j
29, 282
9. 824
838
1, 321
3. 032
6. 254
4.214
3, 799
474
733
30, 843
10, 735
853
1,709
3, 065
6,433
4,167
3, 881
822
31,465
10, 856
855
1, 720
3, 039
6, 884
4, 180
3,931
884
102.5 j
99.2 I
103. 1
99.8
103.2
98.4
107.4
102. 4
111.4
108.2
113.8
112.8
114. 7
115.5
116.2
117.6
103. 2
98.7
1,443
101.7
101.9
103. 7 I
106. 2
119. 3
121.6
108.4
98.1
109. 1
95.9
114.3
81.6
119.0
122.1
95. 8
123. 2
101.2
125. 2
105. 3
127. 3
109.0
123.5 j
112. 5 I
70.0
94.8
66.9
86.4
60.3
71.1
95.6
68 0
87.3
61.9
73.5
102.8
68. 3
88.1
61.9
76.0
105. 9
68.2
87.7
61.5
79.9
108.1
71.3
91.0
64.9
83.4
105. 2
73.4
94.6
66.3
85.6
101.4
74.4
96.8
66.6
86.5
100. 2
74.4
97.0
66. 1
90.4
98.9
73.7
97.4
64.7
113.6
30,478 i 30, 78,
10,797 j 10,982
852 |
854
1,623 l
1,678
3,012 I
3, O2S
6, 165 j 6, 173
4, 142
4. 164
3,887
3, 90ii
958
' 115. 5 i
118.3
1. 145
• 31.084
' 11. 152
r
S64
r
1,03!
r
3,050
r
0. 259
r
4, 187
r 3. 93f>
I 1,343
117.8
121.0
119.9
<• 123.7
125. 0
131.3
112.8
r
93. 5
101.8
71.3
93.7
62. 5
133.3 I
114.9 |
• 135.0
'117.1
95.9 I
r
97. 2
' 107.3
r
72. 7
r
90. 7
r
63 8
104. 1
72.0 I
95. S I
62.9
Revised.
!Revised series. Indexes of department-store sales in Atlanta and Minneapolis districts revised beginning 1919, for Atlanta, see table 53. p. 16 of the December 1940 Survey;
for Minneapolis, table 20, p. 18 of the May 1941 Survey. For revisions in adjusted index of United States department-store sales for 1935-39, see note marked with a " ! " on
p. 25 of the January 1941 Survey. For revised indexes of employment, beginning in 1937 for all industries and nondurable goods and January 1938 for durable goods, see table
12, p. is of the March 1941 Survey.
*New series. For data beginning 1929, see table 11, p p».. 17 and 18 of the March :1941 Survey, except for total employment, total employees in nonagricultural establish,_i *„
rnents, and manufacturing beginning 1937, which were revised
to .•„„!„.!„
include „_„-!,•,„,•„„_„.
preliminary adjustment of factory wage-earner estimate to 1939 Census data. Revisions not shown
forin FRASER
the M a y 1941 Survey will appear in an early issue.
Digitized
http://fraser.stlouisfed.org/
319333—41
4
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
26
Monthly statistics through December 1939, together
with explanatory
and
references
to
the sources
of the data,notes
may be
found
in the
1940 Supplement to the Suryey
June 1941
1941
1940
1941
April
April
i
May | June
July
September
August
DecemOctober November
ber
Janu- ! Febru- March
ary !
ary
EMPLOYMENT CONDITIONS AND WAGES--Continued
i
EMPLOYMENT—Continued
Mfc.unad] (U. S D^pt of Labors Con
i
Hubble coo.Is—Continued
Madi.ntn , e \ d tiausu •vniip 1023-25=100
\w<)
Li)2/.-2:>-100_.
I Jet n ( il niadiineiy, nppu<'tus, and
«upplie>
*
19^3-25= 100
F^gm^s, t'i»b'i'"s. v\ der wheels, and
vundnulK
1923-25-100
1
1
, i "-i i(
+
,iii'>p c T
n
p n i e n t T
_
. .
d() _ .
<h>] h u l l l , n - >
\ o i i , r , h i e troo i>+
C h f i i i i r a l , p<>troi'vui
. -_ . . d o - - co
t n d c o a l ;>re IVJ N
Hi2d 2") = 1 0 0
C h o T M ( l'*>
d()
P r i m ! , a n d *\ n r i v h i s
_ . . . do .
iVi'olc"
i >l * li' '
do .
R a \ o r a id -Hi d D'oducts
Food and kindr >d p i o d u c t s
.
-
do
-- <io
.
do
t>u)w hi , .'iff a n d m e n t n j c k i n g
Le iiN't <iiiH iK l.'amuiacLUrcs- _. . .
lJd')ts > d shot«
_
F i p c r PV i pi i'1 n i g _
.
do
do
do
do
Paper and pulp
Rubhei products
do
do....
...
.
Rubber tires and inner tubes
do
Textiles and their products! ... . . . do
Fabrics t
do
Wearing apnarel
- .
do
Tobacco manufactures_._...
do
Manufacturing, adjusted (Fed. Reserve)!
do-...
Durable goodst
- do
Tron 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
127.3
131.2
136. 1
139.8
143.5
130.6 ;
1 y 1.2
133.5
134.9
136.6
143.2
149.6
114.2
' 132. 6
103. 3
103.8 '
H6.6
111.2
116. 1
120.6
125.8
129. 4
136. 1
=•
1 4 1 . 5
158.1
167.5
1<4.8
182, 2
190.4
201.0
211.8
' 223.5
r 236. 7
r
247. 1
96.9
229. 1
141.0
106. 6
127. 1
82.9
63. 1
104.9
114.3
2,913.5
101.9
162.8
100.2
98. 0
234.8
143.4
107. 0
129.6
82.4
64.1
103.3
99.7
3,146.6
82.3
170. 2
107.8
106.7
103.4
257.9
248. 0
163. 6
159. 5
126. 1
113. 8
119.8
154.9
146. 6
US. 2
87.5
84.5
85.8
65.0
64.4
64. 7
109.3
113.2
100.9
139. 5
105. 1
126. 9
3, 478. 6 3. 764, 3 4,115.9
125.1
85. 4
112.1
197.4
181. 1
188.1
114.8
1)2 2
114.4
110. 1
265.9
159. 4
129.9
162.4
88. 6
64.8
117.0
146. 0
4, 402. 3
129.5
204.2
113.9
114.1
276.0
158.5
131. 2
168.1
88.7
65.2
116.8
149.2
4, 684. 1
129.3
221.0
114.8
125. 3
145. 6
125. 1
121.2
311.1
141. 3
145. 9
109. 6
90.0
88.4
117.6
115.1
92.6
73.9
104.5
96. 1
118.9
66.5
125.6
148. 0
125.9
120. 7
314. 5
132. 5
145. 5
116.2
87.0
84. 1
118.5
115.7
94.4
75 2
105* 5
98.7
116.2
66.8
125.8
149.9
126.0
119.8
315.1
130. 5
144.1
125.0
90.6
88.0
119.5
115.9
97.5
76.9
107.0
100.4
117.2
65.6
126. 0
152 0
126. 3
119. 1
313. 5
'121.4
140. 5
116.3
93.4
91.4
116. 7
115.7
98.8
77.9
106.4
99.7
116 8
60.8
127.8
155 1
128. 6
r
119. 2
311.0
' 119. 1
' 142.9
110.6
96.9
95. 0
117.2
117.3
* 100 7
'78.6
110.1
101. 7
124.2
63.7
130. 7
r
159.3
r 132.9
HI 4
139.6
137.3
117 M
101 5
101.9
_'">•) I
140 2
1 48. 9
\
<) i, 7
70 9
121 "i
U>\ 7
do
\ 111 tM l o b v > >
nfiki'if
7
*lt> 7
I "^ S
1 ;,s ()
_
" " d o
\.iu'' i r ' "
I,"
123.1
115. 1 ! I 16. 1
6
1 -.1 0
2'M 1
' ' 7 '>
9/ 2
96. 5
221. 1
136. 5
105. 3
125*. 5
82.0
60. 9
.")>•
0
104. 4
10 > J
lit. 9
I 1 6. 7
2, 676.4
109. 8
"UJ o
L52 "•>
158.2
105. 6
10. 5
210
12S
]0o
12)
80
3
>.
6
8
5
I
119.2
H3.9 :
I 27
_ do .
Hi,.- 1 rvi/e uuko'ipornio huts do
Stone, dn> a' u g'ass piodu(t>
uo_
>5iiv|; [,|^ a'ld ter> a ( otta
do
1M
!
F >UMU'\ aiid ''.'idvne-^ho,) piediKt 1923 >', - 1 6 0
M a c h i n e tools*
<'o .
]ia l1 A .nid i>houf/g i p n h^
!"•> \
100. 5
2o7. 5
l. r i7.1
117.4
r 285.8
147. 5
131. 1
17l! 5
85.9
64. 8
r 114.4
152. 6
5, 037. 7 '
128.3
240. 0
112.7
120.0
' 297. 2
r 144.8
134 7
' 175! 9
87.0
64.1
r llfi!0
157 0
5,344. 0
129.9
256. 3
in!7
- 147. 7
* 123. H
' 307. 1
>• 149. 1
r 180.5
89.8
r (>,••;. 4
r 119*. 7
*• 161 0
r 5.563. 7
' 131. :J.
r 272. 0
r
116 3
105. 1
82.8
111.9
103.6
126. 0
63.2
Hi 4
H > 2
121 4
12J 1
30; ^
119 7
1 \J 5
10. »»
9 2
9,! 1
11! 8
11? 0
84.7
69. 7
98.8
88. 3
118.6
63.8
120. 8
136. 2
125. 9
121. S
304. 3
121.7
144. 8
105. 7
S6. 8
84. 6
115.0
115. 2
83. 8
69. 0
96. 0
87.0
112. 2
62. 2
119.0
138. 3
126.4
123. 2
306. 0
129.7
.147.0
108. 2
8(1 8
84.8
114.5
116. 2
83.4
68. 5
93. 7
85. 7
107! 9
64.9
118.5
140. 4
124. 6
122. 9
306. 9
135. 4
147. 1
111. 1
91.6
90.7
114.7
117.1
83. 5
69. 3
94. 5
88. 0
104. 9
62.4
19.4
1-1. 6
123.5
122.7
307. 7
l<-5. 8
1-6. 6
106. 8
92.0
91. 1
115.2
116.9
85. 9
70. 5
116. 7
(4.4
123. 0
143. 4
126. 1
122.6
311.7
147.4
146. 6
108.0
90.8
89.7
116.2
116.7
89. 4
72.6
102. 6
92. 8
120. 7
65. 8
121.7
125. S
102. 8
97.7
102.8
97.9
103.9
%). 0
105. 1
100.4
1(7.4
1(4. 3
108. 9
107.4
111.4
111.2
114.2
114.6
116.6
117.5
' 118.2
121.1
118. 5
122. 1
' 119.4
r ]23,0
128.3
100. 8
101.2
103.7
107. 3
111. 1
112.9
116. 1
118.9
122.4
' 124. 7
125. 5
126. 2
136
116
107
97
109
95
120
84
123
98
123
102
125
105
127
109
130
113
133
113
133
114
133
116
i i* 7
luO 7
i *7 !
12 ) f
V.s 1
i )s ~
\V i
111 1
MS
9")
119
120
1
9
1
2
1 15
82
CiQ 7
°0. 4
r
'
'
r
312.' 2
120.4
145. 0
110.7
'98. 7
r 97. 0
118.2
118. 5
»• 102. 9
r 80. 0
111.6
102. 7
127. 0
' 63. 3
73
!00
84
86
81
91
71
78
75
71
101
96
100
1923-25=100..
r
98
99
103
96
98
113
100
100
97
104
112
109
110
Tin cans and other tinware
do
r
73.
6
71.3
67.
5
70.
6
Lumber and allied products . . . . . _do
67.
2
75.2
67. 4
67. 9
f9. 0
74.2
74. 0
76.3
75. 5
90
9S
89
9(i
90
93
91
91
96
90
101
97
98
Furniture...
. . . _ . . . ..do ...
60
60
6.r.
66
64
64
67
62
61
60
67
65
68
Lmnber, sawmills ._
-.
do
r
130. 9
126. 6
' 136.0
KO.O
113.4
116. 6
' 1 48. 1
1J3.4
144.2
122.5
M achinery, exd. trarisp. equip
do .... 154.9
141.2
Agricultural implements (including trac! 33
136
139
136
' 126
140
143
141
143
140
133
169
147
fors'L.
1923-25 = 100..
Electrical machinery, apparatus, and sup116
107
102
103
101
101
' 142
120
126
131
137
147
in
plies . ..
. .. _ .
1923-25 =100..
Engines, turbines, water wheels, and
175
165
195
212
181
219
244
134
152
112
238
' 242
237
windmills.-. - . . . . ..--.1923-25=100.
Foundry and machine-shop products
107
110
103
114
118
120
124
97
101
127
97
98
96
1923-25 = 100..
257
265
247
275
247
315
215
228
237
220
' 304
298
288
Machine tools*. . . . .
- do..
r
r 17JS
142
134
189
138
150
145
153
145
155
144
164
Radios and phonographs
do
155
126.3
106. 0
118.6
122. 3
105.9
Metals, nonferrous, and products
do _.. 138. 1
115.7
110. 7
135.1
129.4
' 136. 1
r 133. 3
162
147
153
179
140
125
132
124
12^
168
180
176
173
Brass, bronze, and copper products.do
(
79.
8
l3
0
88.4
84
7
93.0
90.4
81.8
79.
8
81.
3
78.
9
*
94.
6
02. 3
83.0
Stone, clav, and glass products
do
65
,'S
61
59
5S
61
Brick, file, and terra cotta
do.__
60
68
60
71
75
74
117
109
112
103
105
107
120
104
103
116
117
118
Glass
...
. .
do
120
143.7
140.2
111.6
111.8
144.9
120.9
110.7
111.2
130. 2
152. 7
Transportation equipment!
do
157. 2
150.4
' 1 53. 9
4,447
4, 243
r 5; 089
2 598
5 815
3, 881
Aircraft*
do
2, 426
4, 731
r 5. 509
3, 479
3, 115
5. 399
1|W
125
116
126
97
Automobiles
._.
do
107
105
124
123
123
' 123
106
123
204
187
195
Shipbuilding*
. do .
148
154
161
186
280
175
220
' 268
262
244
113.8
H's. 5
111.5
110.2
107. 4
110.3
116. 0
Nondurable goods!
do
107. 6
109.6
115.7
117.8
115. 6
115. 2
Chemical, petroleum, and coal products
122. 0
124. 1
122.9
127.4
125.3
122 2
131.4
121. 1
122. 1
121.7
r 126. 5
r 12-S. 1
121.7
1923-25 = 100..
147
141
143
136
13^
138
162
.13 7
161
151
154
157
141
Chemicals
.. . _
do
]•)•>
127
127
125
124
Pairits and varnishes
do
135
123
121
134
126
130
130
128
121
120
120
Petroleum refining
do
122
123
121
121
122
122
122 i
121
120
120
311
315 '•
309
310
306
Ravon and allied products.- .
do
325
r 308
312
308
306
311
310
314
r
132.4
132. 6
129. 1 ! 1 3 1 . 9
126.9
129. 9
Food and kindred products
do
129. 8
129.0
135.6
130. 7
131. 5
128. 8
133.0
B a k ing
do
144
144
144
145 !
144
146
146
144
146
143
145
14P
148
109
114
110
107
111
107
108
109
112
121
115
111
»• 1 1 3
Slaughtering and meat packing d o . . .
93.8
89. 6
91. 1
95.7
91.9
90. 9
89.9
Leather and its manufactures
do
87.9
94.3
89. 1
93.2
93.3
94. 3
92
90
Boots and shoes
do
88
90
86
93
89
92
87
91
93
91
r
r
Paper and printing
do
116.8
119 8
115. 7
115. 7
116.1
114.3
113.4
115.3
117 3
118. 6
110. 5
117.3
117.1
117
Paper and pulp
do
116
112
1 16
115
119
117
120
117
115
116
117
116
89.7
93.6
Rubber products
do
87.0
104.0
83.9
84. 2
91.6
83. 5
84.7
100 6 r 102. 1
99.0
96.8
73
75
74
70
69
69
79 !
80
Rubber tires and inner tubes
do
71
83
78 I
;
105.3
96. 'A
102. 6
107. 1 : r 107. 6
96. 6 !
96 s
109.7
100.2
107.2
101.1
101. 9
107.3
Textiles and their products!
do
;
97.7
95.2
103. 2
93.5
99.
1
Fabrics!
...
...
. . do.
87.8
92.6
-^. 0
87. 7
91.3
98.7
98.8
100.4
119. (
110.6
114.8
118.0
1 1 2. 5
116.1
121.9
122.1
112.4
11!. 0
116. 5
120.6 !
Wearing apparel
_do...
113. 1
6"'. 2
83.4
63. 3
i\4. 7
62.8 1
65. 0 : 63.2 .
64. 9
' 64. 4
64.7
66.3
63. 7
Tobacco manufactures ...... ...
..do.. .
(H. 0
r
Revised.
tRevised series. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions not shown on pp. 25 and 26 of the May 1940 Survey are
available upon request, Index for transportation equipment revised beginning January 1939; see table 57, p. 17 of the December 1940 Survey. For revised indexes of employment, beginning in 1937 for all industries and nondurable goods, and January 1938 for durable goods, see table 12, p. 18 of the March 1941 Survey.
*New series. For indexes beginning 1923 for machine tools and shipbuilding, and index for 1931 thiough 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,
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
April
May
July
June
i August
1941
September
October November
Decem- | January
ber j
Febru- ! March
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Manufacturing, unadj., by States and cities:
State:
Delaware
1923-25 = 100.
Illinois!---1935-39 = 100.
lowa. -. 1923-25 = 100.
Maryland
1929--31 =100.
Massach usetts
1925-27 = 100.
New Jersey
1923-25= 100.
New York
. . . . 1925-27= 100.
Ohio
1926= 100.
Pennsy 1 vani a_
--- _ 1923-25=100.
Wisconsin!
.1925-27= 100City or industrial area:
Baltimore
1929-31 = 100.
Chicago!
1935-39= 100.
Cleveland
1923-25 = 100.
Detroit._
do.. .
M ihvaukee
1925-27= 100.
New York
do _.
Philadelphia
1923-25= 100
Pittsburgh
do
Wilrn iiigton
do
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
... ..
.1929 = 100.Bituminous coal
do""""
M et al I i f erous
....do....
Crude petroleum producing
do....
Quarrying and nonmetallic
Public utilities:
Electric light and power!
do
Street railways and busses!
do
Telephone and telegraph!
do
Services:
Dyeing and cleaning
do
Laundries._..._
_
do
Year-round hotels
do
Trade:
Retail, total!
do....
General merchandising!.._
do
Wholesale
do
Miscellaneous employment data:
Construction, Ohio
1926= 100_.
Federal and State highways, totalf. number...
Construction (Federal and State)
do
Maintenance (State)
do
Federal civilian employees:
United States
do
District of Columbia
do
Railway employees (class I steam railways):
Total
thousands. _
Indexes:
Unadjusted1923-25=100..
Adjusted
do
LABOR CONDITIONS
Average weekly hours per worker in factories:
Nati. Ind. Con. Bd. (25 industries) __„ hours..
U. S. Dept. of Labor (90 industries)..do.....
Industrial disputes (strikes and lockouts):
Beginning in month
number..
In progress during month
do
Workers involved in strikes:
Beginning in month
thousands..
Tn progress during month
do
Man-days idle during month
do
Employment security operations (Soc. Sec. Bd.):
Placement activities:
Applications:
Active file
thousands._
New and renewed
do
Placements, totals
do
Unemployment compensation activities:
Continued claims
thousands..
Benefit payments:
Individuals receiving payments§ . . . d o
Amount of payments
thous. of dol~.
Labor turnover in mfg. establishments:
Accession rate..mo. rate per 100 employees..
Separation rate, total
do
Discharges
do
Lay-offs
do
Quits and miscellaneous •
do
PAY ROLLS
Manufacturing, unadjusted (U. S. D e p a r t m e n t
of L a b o r ) !
1923-25 = 100—
Durable goods!
do
Iron and steel and their products, not including machinery
1923-25 = 100..
Blast furnaces, steel works, and rolling
mills
1923-25 = 100..
Hardware
do
Structural and ornamental metal work
Tin cans and other tinware
r
do
123.9
126. 1
149. 6
127. 4
129. 2
112.0
117.6
102.1
116.3
98.5
104.0
134.9
105.4
76. 3
103.1
89.6
93. 1
85.3
94.3
98.9
104.4
136.5
106. 0
74.9
103. 8
88. 7
r
92. 8
84. 3
94.3
99. :*
100.9
107. 1
105.4
336.2
137.6
i0\ 9
106.4
74. 6 !
105. 6 ! 10t>" 0
88.9 [
r
94. 0 !
85. 5 1
95.6 |
125.2
124.5
121.7
120. 3
125.3
114.1
103. 0
108. 0
113.4
103.5
103.7
96. 2
108.8
99. 1
93.7
83. 7
86. 1
90.0
102. 6
104. 4
97.0
102. 6
99. 4
91.1
82. 0
86. 2
89.9
104. 6
96.9
9G.0
100.0
88.4
83.0
89. 6
89. 6
48.7
21. 1
76. 0
60. 8
48.1
51.2
86. 2
67. 7
63. 1
44. 5
51.8
85. 1
09. 2
63.3
46. 9
49.7
83. 8
70. 3
63.8
47.9
91.9
68.2
83.0
90. 3
68. 3
76.7
90.0
68.4
77.3
91.2 i
68.5 I
77.8 !
117.4
105. 5
95. 1
104. 5
97.2
92.7
JOS. 7
99.1
93.4
109. 4
92. 3
89.8
92.9
89.3
91. 2
95.1
88.9
59. 3
60. 5
61.0
107. 7
110.0
137 3
I lo. 5
79 9
111.3
93 3
07. 1
s9. 6
i» 7. 0
102.6 I
' 42. 8
47.6 ! ' 49. 3
296,583 326,530 ! 343,203
131, 970 152,049 ! 165, 528
126,192 134,051 j 136, 245
959.557
129, 677
980, 402
130,938
6
6
1
5
4
74 0
00. 5
44. 1
92.3
68.7
79. 1
9L. 8
68.7
79.2
91.3
68. 4
79.7
90. ,')
6S. 3
80.4
'• 1)0. 1
OS. 0
r
80. 9
08. 3
81. A
106.7 !
110.0 109. 4
102.8 j
101.9 100. 2
90.3 i 91.6
93. 4
100. 0
99.7
92.3
103.3
100. 3
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101.0
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92.9
' 101.4
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104. 4
102. 0
94. 3
92.8
99.4
90. 9
94.3
103. 5
91.0
96. 3
111.4
91. 8
108. 1
90. 5
910
5)1.2
r
51.8 I r 52.0
351,601 344,025
172,379 172,304
137,703 130,921
54. 8
341,926
161,252
140,326
r
51. 3
289,232
121,545
128, 499
49.2
220,769
74, 280
108, 229
63. 0
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88. 7
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90.1 !
,014,432 ' 1,025.951 1,039,714 r 1,059,752 1,091,477
133,856 138,471 142,899 145, 620 149,389
1,055
1,071
1,081
1,088
1,094
58. 0
56.7
58.8
57.4
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58. 6
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38.4 j
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r
r
r
214
336
' 244
' 390
r
39
56
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53
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r
r
r
r 03
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586
r 231 |
r 394 I
r 253
r
394
706
108
• 78.1
90
39.6
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T
373
5,682
1.515
295
5,724
1, 328
350
5, 734
1,318
330
5, 565 ! 5,211
1,401 I
1, 274
331
308 !
4,911
1, 207
353
4,270
6,614
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r
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r
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49.5
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92, 363
101.535
T
1,114,203 1,184,521 ,151,MS 1,173,663 1,202,348
158.587 161,527 167,081
152,5^8
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1, 039
1,065
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58.4
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5,098
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r 62
102
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T
213
322
r 211
'• 35S
v 330
r
r 69
r 124
1, 120
v 113
v 105
' 1,400
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344
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T
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277
r
r
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662
740
62
M5S
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365
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r
r
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1, 220 ! 1, 125
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698
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5 52
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3.06
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• 132.0
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• 139.3
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106.5 |
111.6 I
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116.4
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122.4
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102.8
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113. £
118.1 I 123.6
125.8
132.9
165. 3
138.8
98.6
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103.1
101.9
113.9
85. 8
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85.7 :
124.8 i
106.5 |
128.2 !
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131.0
118.8
134. 6
122. 3
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128.4
102. 5
120. 3
61.2 :
101.0 I
61.
100.9
64.8
113.5
67.6
113. 4
72.9
121.9
74.8
116.8
79.6
113.1
78.7
104.1
86. 0
' 113. 1
r
HOC,
34, (HI
T), 170
1,600
370
r
762
33, 00S
1.00
2. 13
" 131.2
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139. y
130.4
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.134.8 i 138. 1
S9. 4
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03 8 !
- 117.2 j
97. 1
123. 7
Revised.
* Preliminary.
•Designation changed from "quit" as separations such as deaths, permanent disabilities, retirements on pensions, etc., are included.
SData are a weekly average of the number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within, the month.
^Con
!Rev
1940 Sur
1940 issue. For revisions in pay-r<
,
.
.
..
and Chicago indexes, see note marked with a " ! " 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.
iTotal revised, beginning January 1940, to include State engineering, supervisory, and administrative employees not shown separately; see note on p. 27 of (lie May 1941
Survey.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
28
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
1940
April
May
August
June
1941
September
October
Novem- December
ber
January
Februarv
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Mfg., unadj. (U. S. Dept. of Labor)- Con.
1 Hirable goods—Continued.
Lumber and allied products..1923-25 = 100..
75. S
Furni ture
do
94. 9
Lumber, sawmills
do
(10. 7
Machinery, excl. transp. equip
do
19(5. 6
Agricultural implements (including tractors)
1923-25 = 100..
250. 2
Electrical machinery, apparatus, and
supplies
... 1923-25 = 100..
191.8
Engines, turbines, water wheels, and
windmills
1923-25 = 100..
367. 4
Foundry and machine-shop products
1923-25 = 100. _
149.1
M achine tools*
do
471.4
Radios and phonographs
do
1G4. 8
Metals, nonfenous, and products
do
150. 0
Brass, bronze, and copper products,do
235.2
Stone, clay, and glass products
do
91.5
Brick, tile, and terra cotta
do
63. 8
Glass
do__..
142. (i
Transportation equipment!
do
190.9
A ircraft*
do
', 243. 2
Autom obiles
do
147.0
Shipbuilding*
do
38C>. 5
Nondurable goodsf
do
117.4
Chemical, petroleum, and coal products
1923-25=100..
154.8
C hem icals
do
205. 4
Paints and varnishes
do
158. 0
Petroleum refining
do
141.9
Rayon and allied products
do
338. 1
Food and kindred products
do
Baking
do
140.9
Slaughtering and meat packing
do
115. 7
Leather and its manufactures
do
93. 9
Boots and shoes
do
91. 1
Paper and printing
do
121.3
Paper and pulp
do
139.0
Rubber products
do
121.5
Rubber tires and inner tubes
do
100. 3
Textiles and their products!
do
106. 5
Fabrics f
do
103. 8
W earing apparel
do
105. 2
Tobacco manufactures
do
58. 1
Manufacturing, unadj., by States and cities:
State:
Delaware
1923-25=100..
137.7
Illinois!
1935-39 = 100,.
151. 6
Maryland
1929-31 = 100..
174.5
Massachusetts
1925-27 = 100. .
New Jersey
1923-25=100..
147. 5
New York
1925-27 = 100..
122.6
Pennsylvania
1923-25 = 100..
113.6
Wisconsin!
1925-27 = 100..
142. 5
City or industrial area:
Baltimore
1929-31 = 100..
178. 4
Chicago!
1935-39 = 100..
148. 7
Milwaukee.
1925-27 = 100—
151.7
New York
do
115.9
Philadelphia
1923-25 = 100..
114.2
Pittsburgh
do
129. 8
Wilmington
do
124.6
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
A nthracite
1929= 100..
24.3
Bituminous coal
do
15. 5
Metalliferous
do |
76.9
Crude petroleum producing
do
Quarrying and nonmetallic
do '•
47." 0
Public utilities:
Electric light and power!
do
107. 8
Street railways and busses!
do
71.8
Telephone and telegraph!
do
108.1
Services:
D yeing and cleaning
do
98.1
Laund ries
I
do
95. 5
Year-round hotels
do
86. 7
Trade:
Retail, total!
do
91.3
General merchandising!
do
98. 5
Wholesale
do
83. 0
61.4
74.2
55. 4
121.6
166. 1
122. 3 !
63.6 |
75.9
58.1
125. 1
60. 7
74.3
53. 9
125.7
68.3
81.7
02. 2
lol.O
71.2
87.4
63.8
137. 9
73.7
91.3
65.1
145. 3
70.9
90.4 ,
60. 9
149.3
71.5
92.6
60. 4
163.0
68. 1
84. 2
59. 2
167.5
164.0 |
157.8
148.9
152.0
156. 2
158. 8
160.4
171.3
180.9
r
162 . 0
162. 7
175. 7
r
185. 9
345. 7
r
376. 4
136. 1
r
63.3 |
74.8 !
5S. 3 i
114.3 j
183.1
95. 4
287.1
116.0
103.1
133. 0
72 2
45.2
114. 2
124. 3
2,415.0
121.2
169.4
97.3
193.8 |
210. 7
94.6
95.8
289. 7 ; 302. 9
126.9 !
134.0
103.6 i
105. 8
134.2 !
140.8
74. 6 !
73.4
49.2 j
51.1
112.0
111.0
118. 5 !
121.0
!, 601.
!, 968. 2
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111.1
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97.4
96.8
118.1
131.4
223. 8
249.4
263.4
275.0
305. 5
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105.4
332.3
161.5
128.0
177.6
79.7
54.0
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141. 5
4,211.9
125. 2
227. 5
107. 7
111.7
352. 3
164.3
136.3
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83.0
55.1
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163.3
4, 639. 4
149.3
244.3
108.1
114.6
355. 4
155. 7
141.7
201.6
82.0
54.0
130.8
166. 1
1,012.9
150. 5
239. 0
106. 6
126.6
394.2
163. 6
149.6
218.8
85.7
56. 8
137. 6
169. 2
5, 356. 3
144.8
288.0
112.1
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176.2
>, 919. 7
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r
108.1
138.2
170.9
135. 6
139. 3
327.7
138.5
140.8
112.6
74.6
72.0
113.4
124.2
95.7
84.6
92.6
84.8
102.5
65.9
139.3
176.2
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136.2
322.6
134.2
139. 2
115.8
73.4
69. 1
115.2
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99.5
86.6
93.2
89.5
94.8
66.5
139. 7
181.7
135.7
133.3
331.4
128.8
138.3
118.9
68. 5
62.5
115.4
123.8
102.0
89.7
92.3
90.9
89.5
66.4
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139. 0
334. 4
132.4
137.7
137.3
78 5
73^2
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97.6
95.6
95.6
67.4
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312. 9
307.8 i
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105.9 ! 117.0
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51.8 I
105.2 i 116.0
98.9 ; 115.8
3,124.6 3.7S7.4
t(i 1
80.5
211.6
193.4
1C4. 4
99.1
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220. 1
79. 6
54. 6
r
131.0
90. 0
61. 6
176. 9
r
r 448. 7
r 146.4
' 151.2
r 224.2
82.1
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T
135.9
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190. 7
6,440. 6
15V). 1
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93. 9
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143.6
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r 155.
236. 7
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85. 3
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C).r,7s.
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335. 9
r 120. 2
134. 5
119.7
83. 3
80.1
115.4
127.5
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r
97. 9
95.1
93.1
93.2
59. 3
* 144.2
193.9
141. 7
r
132. 1
327. 6
r 119.6
137.8
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91.5
88 9
117.1
132.5
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115.3
r
99. 7
103. 9
r
98. 5
108. 0
61.7
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201. 7
r
147. 4
r
133. 4
9
r
122.
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120. 4
4
r m>.
119.
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102. 7
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r
101. 1
r
112. ~
r
133. 4
159. 6
131.9
136.9
311. 1
117.7
134.3
109. 5
70.7
66.6
109. 7
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86.5
78.1
81.4
75.2
88.7
58.7
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311.4
121.5
137.8
110. 4
63. 6
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124.2
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79. u
77. 9
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314.3
129.0
140.8
114.7
67.0
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126. 2
86.4
77.5
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76.6
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167.2
132. 4
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314. 7
131.3
142.1
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76.4
74.6
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169.3
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318.0
139.0
140.1
112.3
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75.0
110.9
124. 8
87.7
75.3
87.4
819
94.9
62.3
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111.9
124. 1
70.9
101.8
85.3
' 79. 1
102.8
97.0
112. 8
126. 3
70.3
103. 9
85. 4
79 0
104.7
98.6
115.2
128. 7
70.7
107.5
86.7
82.5
106. 0
97.0
116.4
131.4
75.4
106.6
87.6
83.5
102.0
100. 6
120. 8
133. 7
77.
113.
92.
88.
106.
104.7
124. 4
138.0
82.5
121.2
98.2
91.9
111.5
108. 7
128.0
141.3
84.5
123.3
100.5
96.2
119.4
105.3
129. 4
145. 1
83.9
124.9
101.5
96.8
122. 1
116.9
137.3
150. 2
91.2
134. 8
108.2
102.2
128.0
112.9
134.8
151.6
89.6
133. 2
108. 2
99.4
126.1
125.1
138.3
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97.0
139. 1
113.6
' 104.7
129. 5
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110. 3
104.1
86. 5
81.8
83.7
88. 6
127. 4
112.0
105.9
84.5
80.7
85.2
87. 1
129.6
114.9
106.0
82.2
84.0
89.3
S7. 5
132.7
117.0
101.7
80.8
85.2
89.7
85.8
13.5.
120.
108.
93.
89.
96.0
86.1
139.3
123.5
112.2
101. 6
94.7
98.0
142.9
126.0
122. 2
98.8
98.0
103.8
93. 9
147.0
128.5
126.6
97.6
100.1
105.4
94.9
151.9
136. 9
131.3
101.3
106.3
113.1
105. 8
153. 7
135.1
132. 6
103.3
103. 6
109. 7
102.5
157.9
135.1
139. 5
109. 7
110.5
114.5
113. 6
r 164. 2
135. 1
144. 5
115. 2
T
114. 0
MIS. 7
r
115. 9
36.3
72.2
63. 5
59.0
38. 1
40. 0
75. 3
65. 7
58. 7
42.7
40.6
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65. 4
58.8
43.9
36.5
75.2
63. 7
59.1
43.5
39.3
83.2
69.5
58.2
46.2
32.3
83.6
71.4
57.6
46.7
37.6
84.5
69.8
56.8
42.3
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72.8
55.9
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70.4
56.2
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71. 8
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95.
12.
56.
40.
103.3
69.2
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69. 2
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104.8
70.5
100. 0
105. 8
70.0
101.3
10S.1
7C.4
IOC. 4
105. 8
71. 5
101.8
107.0
70.7
102.2
106.9
70.3
103.2
106. 0
73.1
103. 5
105.1
70.7
103.9
' 105. 4
r
71.0
r
104. 3
106.
72. s
106. 8
79.6
85.6
83.2
85.4
88. 5
83.0
89.6
92.4
82.0
80.0
90. 0
80.5
78.9
90.5
80.7
85.6
89.9
81.8
82.4
88.0
84.2
77.8
87.2
83.6
75.8
89.2
84.1
73.3
89.8
84.1
r
82.3
85.0
77.4
83. 4
86. 6
77.4
84. 8
89.3
78.4
82.6
84.0
78.3
81.5
82.3
78.7
85.1
90.5
81. 1
85.8
92.3
80.2
87.1
97.5
80.7
97.3
132. 9
83.4
83.7
86.5
80.5
r
27. 66
25. 33
28.92
27.67
25. 43
28.80 i
28. 23
25.79
29. 48
28.16
25. 25
28.52 |
28. 58
26. 10
29. 98
28.99
26. 54
30.57
29. 73
26. 93
31.11
30.28
27.89
31.96
r
(
29.84
27.13
31.42
29.30 i
28. 89
30.60 j
30.97
31.01
32.18
' 31. 46 I
28. 73
26.13
29. 87
26.14
31.53 !
30.75
25.45 |
32. >b I 32.93 1
27. 53 |
27.29 I
33.04
27.74
33.43
27. 56
34. 65
28.03
28. 42
24. 20
28.13
24.01
28. 56
25. 04
28.87 ;
24. 3S I
29. .51
25.1)1
30. 02
25.16
29. 26
23.47
3c, 1
82. 5
68.5
'A>. 0
r
r
r
r
74. 4
89. 7
86. 1
r
r
128. 1
140. 8
161. 2
101. 0
145. 6
119.
108.6
134. g
4
0
7
>;
2
76. 9
90 s
86.
r
84. 6
86. 6
^ 81. 4
WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
industries)
dollars..
U. S. Dept. of Labor (90 industries)
do
Durable goods
do
Iron and steel and their products, not including machinery
dollars..
Blast furnaces, steel wTorks, and rolling |
mills
dollars. _
Hardware
do
Structural and ornamental metal work
dollars..
Tin cans and other tinware
do
I
28.99
25.01
r
30.80
25. 72
30. 61
27. 71
31.90
31.41
28. 58
r 32. 93
31.80
29. 11
33. 50
r
32. 71
r
32. 23
33.66 j '34. 51 !
28.30 i
28.84 !
31. 01
' 25. 63
31.67 !
25.31 1
34. 94
28. 95
32. 35
25. 91
• Revised.
! R e v i s e d series. Slight revisions were m a d e in d a t a for textiles a n d their products a n d fabrics beginning 1933; revisions n o t shown on p . 27 of t h e M a y 1940 S u r v e ^ are
available u p o n request. For revisions in Illinois a n d Chicago indexes, see note m a r k e d with a " t " on p . 29 of t h e J a n u a r y 1941 S u r v e y . Index for Wisconsin revised beginning
192,5; revised d a t a not shown on p . 74 of t h e F e b r u a r y 1941 Survey will appear in an early issue. Index for t r a n s p o r t a t i o n e q u i p m e n t revised beginning J a n u a r y 1939• ^ee
table 57, p . 17 ol t h e D e c e m b e r 1940 S u r v e y . F o r revision in index for n o n d u r a b l e goods for 1938 a n d 1939, see table 12. p . 18 of t h e M a r c h 1941 S u r v e y
T e l e p h o n e and tele'
graph pay-roll indexes revised beginning 1932, other indicated n o m n a m i l u c t u r i n g pay-roll indexes revised beginning 1929; see table 19 p . 17 of t h e April 1940 Survev
*New series. See note m a r k e d with an " • " on p . 26 of this issue.
'
'
29
SURVEY OF CURRENT BUSINESS
.lime 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
May
1941
Novem- DecemOctober
ber
ber
June
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average weekly earnings—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
Lumber and allied products
dollars-.
Furniture
do
Lumber, sawmills
do
Machinery, excl. transp. equip. _. do
Agricultural implements (including
tractors) +
dollars _.
Electrical machinery, apparatus, and
supplies
.*_
dollars _ Engines, turbines, water wheels, and
windmills
dollars. _
Foundry and machine-shop products
dollars. _
Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, and products,.do
Brass, bronze, and copper prod...do
Stone, clay, and glass products
do
Brick, tile, and terra cotta J
do
Glass
do.
Transportation equipment
do
Aircraft*
do
Automobiles
do
Shipbuilding * J
do
Nondurable goods
do
Chemical, petroleum, and coal products
dollars. _
Chemicals
do
Faints 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 manufacturesX
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
Factory average hourly earnings:
National Industrial Conference Board (25
industries)
dollars..
U. S. Dept. of Labor (90 industries)
do
Durable goods
.
do
Iron and steel and their products, not
including machinery
dollars _.
Blast furnaces, steel works, and rolling
mills
dollars..
Hardware
do
Structural and ornamental metal work
dollars..
Tin cans and other tinware J..
do
Lumber and allied products
.do
Furniture
do
Lumber, sawmills
do
Machinery, excl. trans, equip
do
Agricultural implements (including
tractors) i
dollars - _
Electrical machinery, apparatus, and
suppliest
dollars. _
Engines, turbines, water wheels, and
windmills
dollars. .
Foundry and machine-shop products
dollars...
Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, and products.__do
Brass, bronze, and copper products
dollars..
Stone, clay, and glass products
do
Brick, tile, and terra cottaj
do
Glass
do
Transportation equipment
do
Aircraft*.
do
Automobiles
do
Shipbuilding * J
do
Nondurable goods
do
Chemical, petroleum, and coal products
dollars..
Chemicals t
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 manufacturest
do
Boots and shoesj
do
Paper and printing
do
Paper and pulp
do
20. 75
22. 23
19. 06
31.65
31.41
31.29
31. 26
31.61
36. 24
30. 31
37. 02
24. 89
29.38
32. 97
25 27
2L62
20. 90
35. 60
32. 37
30. 67
36. 08
22.20
36.74
36. 21
'38.17
31.18
37. 73
24. 74
30. 00
33. 64
25 75
21'.87
27. 90
37. 39
32. 62
39. 24
36. 63
22. 28
30.
36.
23.
30.
33.
17.15
18.95
it. 79
30. 08
31.80
29. 40
35. 20
26 99
23. 48
26. 60
27.38
19.37
18.32
29.18
26.12
29.15
34.08
18. 09
17.57
19. 51
18.42
.740
.667
,727
.741
. 668
.731
. 849
.680
.847
.683
.741
.632
.523
.548
. 505
.743
.738
.627
.519
.550
.496
.744
20.22
20. 59
19. 43
30.11
20. 17
20. 67
19. 32
30.41
19. 37
20. 28
18. 02
30. 29
20.81
21. 39
19.79
30. 67
31.43
31.42
30. 74
30. 42
30. 87
29.70
30. 01
30. 52
30. 14
30. 92
34. 35
34. 21
35.05
35. 04
36. 00
29. 27
36. 72
22. 46
26. 76
28. 74
24.49
19. 97
26. 49
29. 29
30. 35
23. 09
27. 02
29. 00
24. 79
20. 65
26.18
32. 83
29. 69
33. 47
34.20
21.72
29.41
3(1 68
23. 61
27. 25
29. 95
24. 20
20. 97
25. 89
34.21
31. 18
35. 28
34. 17
21.81
29. 33
36. 45
23. 90
27. 12
30. 73
23. 49
20. 95
24. 91
31.88
30. 48
32. 26
34. 03
30. 12
35.48
23. 49
28. 18
31.55
24. 81
21. 49
20. 56
35. 41
31.79
37.13
34. 86
22.10
29. 73
32.09
29. 62
35.14
26.27
25. 64
26.46
27. 43
17.26
15. 65
29.38
26. 52
28.39
33. 88
16. 52
16. 35
16. 97
30.12
31. 95
29.13
34.73
26. 32
24 33
26. 69
27. 76
19.80
18.92
29.00
26.47
27. 76
32. 66
16. 85
16. 71
17. 26
18. 36
30.16
32.18
29. 28
34. 94
26.53
24.17
26.40
27. 57
19.86
18.94
28.73
26.14
27. 81
31.64
17.64
18. 02
30. 08
32.23
29. 55
34. 84
26. 3,6
25. 54
26.57
27. 82
18.17
17.00
29.27
26. 70
28.27
33.11
16.43
16. 24
16. 96
18.98
.734
.665
.729
.737
.669
.730
.740
.672
.732
.838
. 685
.842
.692
.737
.624
.518
. 546
.497
.739
.741
.624
. 521
.546
.503
.741
34. 40
29, 75
35. 78
33. 25
21.49
28.99
31.83
29.02
35.34
26.12
25.17
26. 22
27. 76
17. 68
16.30
28.70
25.35
27. 98
32.77
16.74
16.40
17. 63
17.07
21.06
22. 07
19. 85
21.49
22. 49
20. 23
31. 71
20. 00
20. 70
13.93
29. 97
31. 22
31.17
31.21
95
85
97
02
98
T
21.06
22. 64
19. 29
33.13
20. 72
21.42
19. 59
T
33.35
32.89
'32.25
32. 95
33. 00
T
39.09
2L47
27. 20
36. 39
32.93
38.11
34. 63
22.08
32. 85
39. 56
25. 32
31.03
35. 66
26. 25
22. 52
28. 77
35. 96
33.17
36. 54
38. 50
23. 09
32. 51
T
40.15
24. OS
r
30. 71
r
35.28
r
25. 17
21.74
' 28. 02
T
30. 57
34. 13
37. 01
37. 81
29.96
32.39
29. 60
34. 93
26. 53
23. 82
26.31
27.64
18.87
17. 53
29. 35
26.45
29.31
34.27
18.10
17. 95
18. 53
18. 25
29.87
32. 72
29. 35
34.32
26. 95
24.43
26.31
26. 82
18. 19
16.65
29.35
26.35
29.45
34.92
17.80
17.71
18.05
18.14
30. 90
33. 33
30. 15
36. 00
27. 15
25. 78
26.39
28.77
20. 05
18. 54
30. 37
27.30
31.13
36. 59
18. 46
18.28
18.98
18. 70
r
.742
.671
.737
.744
.673
.739
.747
.678
.744
.754
.683
.749
.781
.780
.848
.697
.857
.691
.851
.684
.857
.683
.858
.081
.736
.633
.526
. 546
.509
.745
.735
.634
.525
.546
.507
.746
.733
.632
.524
. 547
.506
.749
.732
.635
.526
.555
.505
.752
.743
.638
.528
.552
.507
.761
.802
.806
.818
.774
21.41
22. 32
20. 26
34. 28
'33.13
33. 54
33. 87
34. 40
38. 40
40.14
33. 51
34. 39
41. 73
25 79
3K49
30. 45
25. 90
22. 30
28. 70
38. 80
35. 02
40. 04
39. 58
23. 03
r
*• 41. 80
r
24.80
* 31.02
r 35.16
2 5 . 62
22. 07
r 28. 58
35. 44
r 35. 14
40. 05
38. 91
'• 22. 04 r 23. 22
30. 31
33. 10
2!). 86
34. 46
27. 40
r 24. 89
' 30. 24
33. 50
30. 22
r 34. 36
20. 94
•r 26. 4 6
20i 73
26.84
20. 67
19.58
29. 75
r 27. 02
r
30.85
r 36. 67
26. 70
21. 89
20. 92
30. 01
r
27.00
r 31. 20
»• 18. 1 3
17. 93
18. 70
17. 76
'• 37. 02
r 19.09
r 18.01
20. 39
17. 54
30. 3S
33. 93
30. 40
34. OS
27. 28
25.74
20. 66
20.81
22.01
21.77
30. 07
28.19
31.80
37. 55
19. 39
18.89
20.74
17. 99
. 759
.089
. 758
.704
.092
.702
.709
.097
.708
, 801
.695
r. 800
.089
.873
.090
.750
.047
.530
.560
.518
.771
.750
.048
.541
.565
.523
.778
.743
•. 048
. 529
r
'.510
. 708
.801
.795
r
.818
.820
.770
.780
r. 854
.874
.762
T
,802
r. 640
r. 740
.769
.801
. (543
.748
-.807
. 082
r. 809
.083
.588
.709
.911
. 770
. 966
. 894
.020
r. 91.8
. 784
. 975
. 903
.822
.689
.594
.774
.921
.783
.984
.893
.024
. 770
. 822
. 741
. 970
. 699
. 049
'. 044
.081
. 555
. 530
•. 802
. 062
.770
.820
.740
.970
.702
.651
-.821
.752
.757
.766
.812
.830
.840
.842
.733
. 760
.611
. 703
.734
. 766
.621
.710
.740
.769
. 6.18
.712
.745
.768
.613
.727
.781
.626
.738
". 797
. 032
-. 740
.765
. 668
. 568
. 743
.897
.739
. 958
.862
.613
.775
.672
.671
. 566
.747
.898
.750
.951
.872
.609
.799
.671
.572
.746
.902
.755
.955
.885
.613
.805
.680
.582
.764
.900
. 756
.950
.897
.617
.765
.811
.733
.966
.090
.632
.640
.686
. 555
.529
.793
.650
.766
.816
.741
.968
.694
.641
.644
.680
.552
.526
. 799
.660
. 756
.764
.762
.803
. 803
.807
.819
.728
. 760
. 614
.702
.730
.768
.621
.701
.755
. 664
. 564
.740
. 905
.742
. 954
.869
.617
.762
.665
.742
.891
.738
,949
.862
.015
.802
.717
. 983
.675
.641
. 639
. 691
. 553
.531
. 797
.644
.783
.804
.721
.986
.676
.625
.640
.689
.553
.532
. 791
.649
.773
.730
.611
.700
.766
.606
.701
.749
. 664
.750
.664
.739
.902
.733
. 945
.859
.609
.739
.902
732
.947
.862
.615
.742
.801
. 717
. 974
. 672
.643
. 636
.689
. 543
.521
.793
. 637
.760
.803
.716
.975
.673
.647
.637
.688
.638 I
.798
. 720
.977
.072
.615
. 643
.691
. 554
. 533
. 789
.648
. 750
.900
.738
950
.874
.611
.773
.799
.722
. 983
. 682
. 603
. 641
.691
. 558
. 537
792
. 654
.720
. 963
. 085
.610
. 635
.684
. 553
. 528
. 86G
.021.
»-. 044
. 685
. 51)4
. 540
.803
r
Revised.
J D a t a for agricultural i m p l e m e n t s revised beginning- December 1940 on the basis of more complete reports; the revision could n o t be extended to earlier m o n t h s .
similar revisions beginning A u g u s t 1940 for t i n cans, electrical m a c h i n e r y , a n d chemicals, see ]). 75 of t h e F e b r u a r y 1(, Ml Survey; beginning J u n e 1940 for brick, tile, and
eotta, p . 29 of t h e D e c e m b e r 1940 S u r v e y ; a n d beginning October 1940 for s h i p b u i l d i n g , leather, etc., a n d boots a n d > hoes, p . 29 of t h e April 1941 S u r v e y .
• N e w series. Earlier m o n t h l y d a t a ' n o t s h o w n on p . 29 of t h e M a r c h 1941 S u r v e y are available u p o n r e q u e s t .
21.09
23. 03
20. 31
34. 98
.700
.829
.749
. 907
. 700
. 055
.041
. 085
'. 549
. 805
. 064
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
.inn
1940
July
1941
September
August
October
Novem- j 'December
1 ber
Kebru- i
Mjnh
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average hourly earnings—Continued.
U . S . Department of Labor—Continued.
Nondurable goods—Continued.
Rubber products
dollars...
Rubber tires and inner tubes
do
Textiles and their products
do___.
Fabrics
...
do....
Wearing apparel
do
Tobacco manufactures
do
Factory average weekly earnings, by States:
Delaware
1923-25 = 100..
Illinois!
1935-39 = 100..
Massachusetts
1925-27=100..
New Jersey.
1923-25 = 100..
New York
1925-27=100__
Pennsylvania
1923-25=100..
Wisconsin t
----1925-27 = 100..
Miscellaneous wage data:
Construction wage rates (E. N . R.):1
Common labor
dol. per hour,.
Skilled labor
do....Farm wages without board (quarterly)
dol. per month._„
Railway wages (avg., class I)...dol. per h o u r . .
Road-building wages, common labor:
United States, average
.dol. per h o u r . .
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
PUBLIC ASSI ST ANC E
0. 779
. 966
.495
.482
.519
.493
0.778 I
.968 I
.496 |
.484
.518
.497
0.780
.967 I
137. 5
109. 4
127. 3
122.6
96.3
108. 2
96. 7
118. 7
' 95. 2
105. 9
109.1
94.9
108.7
97.6
120.4
' 96. 3
107. 0
111.1
94.6 i
110.3
98.7
122.6
'97.6
108.9
111.0
94.6 i
109.6 I
101.1
121.3
-97.7 i
107. 9
107.4
1.48
.685
1.47
.690
1.47
.703
1.47
.707
1.48
.728
7. 18
.723
.496
I
.484 I
.518 I
.505 I
0.785 I
.971 |
,502 I
.486
.534
!
.502
0. 780
.971
.514
. 487
.563 i
.487 i
0. 774
. 962
.509
.487
. 552
.484
0.781
.97L
. 50 [
.4*7
.539
.486
90.4 |
1 LI. 0 !
101.3 I
122. 6 I
99.4 !
ILL 8
110.3
93.1 !
112.0
104.2 j
126. 6
101.0
113.6
111.4
95.4
113.5
103.8
127.
100. 8
115.8
114.6
97.1
112. 4
102. 7
127. 6
100. 4
115.5
116.0
us x
13 [ 9
.707
.711
1.48
.711
1.48
.711
1.48
. 711
1.43
0 779
960
512
486
558
492
!
0. 799
.994
.516
.494
. 556
.497
.512
195
I
107.5
121. 0
40. 44
36. 41
.731
.46
.63
. 33
.54
.56
.49
.68
. 33
.40
.39
.66
.33
.5:
Total public assistance and earnings of persons
employed under Federal work programs!
mil. of do!..
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. _
.47
.61
.35
. 53
.56
.49
. 47
.38
.[. 48
.47
.62
. 35
.54
. 56
. 34
.47
. 47
. 61
. 34
-I
114
6
100
10
10
30
34
.711
1.47
.741
. 63
. 31
JU3
2i6
53
40
29
54
4L
29
T
106. 2
119.2
113.5
13s. 5
]i*8. 2
.124.3
123. 3
. 71;;
1.47
. 7 H*
1. 1 7
1
1
1 j
17
18
19 I
)
3
97
5
94
i
. 13
.68
.35
.59
i
I
!
j
. 758
.742
.51
j
41
29
2
5
102
3
5
93
8
6
4
4
39
47
56
69
177
0
142
100
42
35
251
187
0
149
96
53
38
252
197
0
159
99
60
38
232
3,050
2, 534
1,871
663
83
3,035
2, 526
1,867
659
89
3 008
2 517
1 862
655
96
67
15
433
73
16
420
79
17
394
. 43
.67
.33
. 59
. 53
. ."9
. 72
. 34
V\
'. 38
. 43
. 65
.34
.58
. 52
.58
. 71
.34
. 47
. :<y
21'"
215
42
58
43
29
43
29
3
9
94
3
9
97
|
18
C)
s
".
5
6
. 3.3
. 49
. 37
.48
. 38
1
3
6
133
101
i 17
117
P7 9
117 5
111. 7
36. 84
40 ;
32 |
3
6
120
9^ 1
115 6
107 (»
17
6
102
1
3
8
104
2
103 '
113 !
213
0
108
103
65
45
232
212
0
164
99
05
48
241
217
0
170
107
63
47
263
2. 970
2, 485
1. 842
643
2, 976
2,475
1,836
640
413
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of dol_Held by Federal Reserve banks
do
Held by accepting banks, total
do
Own bills
do....
Bills bought
do
Held by others
do
Commercial paper outstanding
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Adrn.;
Total, QXCI. joint-stock land bks.t-.mil. of dol._
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
do
Banks for cooperatives, incl. central
bank
mil. of doL.
Agri. Mktg. Act revolving fund
do
Short term credit, totalf
do
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
cooperativesd"
mil. of doL.
Other financing institutions
do
Production credit associations
do
Regional agr. credit corporations...do
Emergency crop loansf.
do
Drought relief loans
do
Joint-stock land banks, in liquidation..do
Bank debits, total (141 cities)
do....
New York City
do
Outside New York City
do
r
220
0
170
105
66
49
275
223
0
178
118
61
45
239
214
0
171
113
58
43
234
206
0
166
112
54
40
224
2, 982
2, 467
1, 8 3 0
637
85
3, 0 5 9
2, 560
1,886
674
88
3,058
2, 553
1,883
671
S3
3, 0 6 0
2, 549
1, 8 8 0
669
81
68
16
431
67
19
412
64
18
422
62
18
429
212
39
207
6
129
50
44
38, 731
15, 657
23, 074
185
38
186
8
128
52
58
34, 769
15,519
19, 250
191
38
195
8
129
52
56
34,194
14, 536
19,659
196
40
200
8
130
52
55
31,960
13,110
18,850
188
0
152
103
49
36
232
3, 056
2, 540
1
- I
665
82
65
15
434
199 i
42
204
8
129
52
54
32, 856
13, 612
19,244
182 |
0
148
103
44 |
34
203
42
203
197
41
195
7
53
29, 318
11, )04
12,594
18, 314 ! 18, 267
(j
167
100
67
42
218
2,986
2,508
1,856
652 I
96 I
2, 973
2, 500
1.851
648
93
2,964
2.4S9
1,844
615
I
75
16
vSi
75
10
3S2
74
16
398
187
34
172
6
118
50
48
42,! 952
626
186
35
174
G
117
50
47
37, 645
15. 147
22, 498
192
36
182
6
119
50
46
32, 725
13, 26S
19, 457
17
188
34
173
6
119
51
51
36,317 i 35, 771
14,952 i 14,952
21,305 ! 20,819
191
35
180
6I
122 |
209
24 ; 327
|
!
!
|
79
16
125
50
45
988
402
580
R e v i s e d . *> P r e l i m i n a r y . ° Less t h a n $500,000. cf T o avoid duplication these loans are excluded from t h e totals.
^ C o n s t r u c t i o n wage rates as of M a y 1, 1941; c o m m o n labor, $0,741; skilled labor. $1 19
§Figures for special t y p e s of p u b l i c assistance a n d general relief exclude t h e co*t of ho«pitalizat : oi and b u n J . rI i,o c\M <>\ v Hir-al i
I\\M) excluded beginning >cpt e m b e r 1940; t h i s i t e m is i n c l u d e d in all earlier d a t a o n general relief a n d in figures tor J u l y 1937- \ui!ii*t 1 9i(t on x», » lc->i t vp«^ <>f n-o u-icc
fRevised series. Indexes for Illinois revised to a 1935-39 base; for factors for converting m d e \ e s < n a U 2 " - J 7 b . ^ c btuinniii': ri.r>, ^ •
' <>f {ho :> ,i.u ir\ l e u M i n r y .
Revised indexes for Wisconsin beginning 1925 will be s h o w n in a n early issue. For revision^ in d a t a on e;iHT-vtH'\ CTOI* lo-ms p u b l ' ',.. f i-,
pri >r t > t h e ^ o p t c m b o r
1940 issue, see n o t e m a r k e d " t " o n p . 76 of t h e F e b r u a r y 1941 S u r v e y . T o t a l p a b i i c assistance aivl " jther Fodir^l igcney pr jt ct^ fin IOCO 1 froi i
<r r i i n(^ f u n d s " revised
in t h e M a r c h 1941 S u r v e y to exclude earnings on regular Federal construction projects. rv\ JHH! d a t a In "irmii « Jan!"w \ 1933 will i p p r i r in ri s i i ^ o u e n t issue.
*New series. F o r d a t a b e g i n n i n g 1933 for old-age assistance, see t a b l e 56, p . 17 of t h e D e c e m b e r 1940 S u r v e y . D a t a on e a r n i n g on regular Federal c o n s t r u c t i o n projects
beginning J a n u a r y 1938 will a p p e a r i n a s u b s e q u e n t issue.
31
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, to- j 1 9 4 1
gether with explanatory notes and references j
to the sources of the data, may be found in the
April
1940 Supplement to the Survey
1941
1940
April
May-
June
July
August
September
NovemOctober
ber
December
January
February
March
FINANCE—Continued
Fedoial K i s o n e b m k s , l o n d i ^ o u , <nid o f i,i'>
Assets, tot J
mil of dol
Remove n a r k c rcd.t >ut-4 n <Uu<r, *
mill in do] ,
Bills
1
]]
i>^
l f
('d
l o d i n l
Fedoi
il
H I ^ U I M
')
di'ion,
"i
)<i s j ] ( u f ' . I
n p u f
i s
m e n
\ \ ( d m ^ l IJ n
I)* ' i
ii'l,adi'i
f
iid, e v
ulu
i<
r
i
22, 865
23, 017
23. 262
23, 306
23,528
23, 409
2, 485
0
5
2,434
19, 272
18,940
22, 440
16, 063
13,727
6, 655
5, 450
89.6
2,412
0
4
2. 333
19, 632
19, 289
22, 865
16,218
14, 208
6, 960
5, 577
90.1
2,304
0
4
2,199
19,881
19, 586
23,017
16,191
14,215
6. 849
5, 743
90.6
' 2. 274
0
3
2,184
20,036
r
19,760
23, 262
16,127
14,026
6, 615
5,931
90.8
2, 250
0
2
2, 1S4
20, 285
19.913
23, 306
16. 396
13,930
6, 380
5, 884
91.0
2, 265
0
\\
2. 184
20, 366
20,031
23. 528
16.351
14,203
6, 534
6, 022
91.0
2, 243
2, 184
20, 436
20, 112
23,409
16,272
13,371
5, 776
6/143
91,2
20, 2S7
20,510
20, 984
20, 901
21, 152
21, 858
22,189
22,299
22, 932
23,431
23,093
1,57S
20,167
1, 434
515
5, 352
20, 499
1, 497
505
5, 341
20,415
1,440
509
5, 380
20, 741
1, 463
508
5,381
21,266
1,651
506
5, 371
21,771
1, 495
509
5,397
22, 324
1,595
451
5, 455
22, 401
1,579
214
5, 448
22, 812
1, 820
332
5, 478
22 518
1,747
396
5, 465
5,146
183
8, 577
15, 124
9,202
757
6, 382
2, 063
5,144
175
8, 239
15, 461
9, 457
791
6, 567
2, 099
5,174
182
8, 505
15, 622
9, 373
705
6, 573
2, 095
5,187
170
8, 734
15,544
9, 280
628
6, 540
2,112
5,171
175
8,707
15,693
9, 374
736
6,804
1,834
.5,180
192
8,843
15,774
9, 543
784
6,898
1,861
5, 234
196
9,065
10,137
9, 719
611
6, 978
2,130
5. 240
185
9, 070
16. 368
9, 950
685
7, 0.51
2,214
5, 273
179
9, 253
16, 955
10,334
727
7. 052
2, 555
5. 269
' 171
9, 343
17,124
10,578
742
7, 653
2. .183
8, 175
2, 405
3, 517
8, 462
2,418
3, 586
8,517
2, 584
3, 665
8, 566
2,582
3, 682
8, 785
2,627
3, 692
8,909
2,707
3, 524
9, 128
2, 743
3, 675
9, 390
2, 744
3, 674
9, 308
2. 766
3, 855
9, 495
2, 753
3, 793
9,828
4 367
322
•Tfc
4, 438
301
380
4,441
291
419
4,480
294
390
4, 630
297
446
4,773
304
410
4,911
299
467
5,018
301
584
5, 076
314
458
5. 227
319
478
5, 465
347
504
471
1, .199
40
1, 633
474
1,210
40
1,642
463
1, 219
48
1, 672
460
1,220
41
1,691
455
1,222
36
1,709
460
1,228
39
1,724
465
1,230
37
1, 755
459
1, 229
35
1,737
455
1, 232
36
1,748
454
1,228
52
1,778
1
4 "4
Ss 0
i n
Sii
t < ' i d of
t o d
iT)t
('>,.
22, 440
2, 516
0
4
2, 436
18, 959
18,618
22,176
15,867
13, 541
6, 525
5, 370
89.3
2f\0i2 | 2ti "85
U ;7 r ,
13 23/
>,
?
it
jiiil
i/i!i i l
p . ' t m r
/ith:
19, T
r f
i ' k
' 'ps,
a » d
III
inrj
r;
tl
(I
M i t t i i i H i p ( !if,c I >•]! d \ l o n - *
i' »
I I . I K d s i H i <- d , ( i n u n n f
d J
1 line <v e p r n t (t h i n 1 , U \ d
n i l of <'o]
i n d i M d ' i ils, p i r f i i f i l i , v l
cornel
p.,us
» 1 o! d u l
Si i t o s ii,il DullM.Ml ^ b l i l M I I ' I S
dIi t u b m k , d o n e s t r
do
i n e a l t i n n l s , t o t \\
d(
U . ^ (,n\i
' i n >ri , i . i , . i i . i n s , t o t il d f
Bills
r!o
'|O >
>sf,
5, 333
J i ')
">
1
'si
on
v
1
,* 0
io' M .
r
> 121
1M
8, 1H)
1 1 sSl
* <)f()
b 4%
1 S71
'!
cin.m nt
f>, 120
J01
8, 131
15,01*
<), 0S1
627
In;
2 127
*? I1 I
JU«I rf dol
Other se(vnt<os
(!o
Oriiis, tot tl .
do
C o i n n u r ' U l , m d i i - u i J , and r i t r u i l l i r i l
loins
i ul of dol
Open irni W paper
<lo
To broki 1-. and d' ri]ors m soc 'nlie-. d )
O t l u r Ii ans for pur< liismr or e . n \ i n r
,
i
4 100
,
|
02o
Loai s t > b m k s
Ot h( r lo ins
InstaW'c nt loins to c U M I T P P *
B */ in lo^tri il b m.1* im (omp UA< S
Loans made
J\opa\m<Mit
\ i n o int oins 1 uid 112, end of montli
o " d of n o n t h
3,
"fiM
I
474
|S7
d >
T/)1P 111 'o
Ht p x n 11 ^
V t n o u n t d . i r - t 1 'i»i«
f. 057
0
OOTI
p
D o n i
22, 176
2,484
0
4
2, 448
18, 579
18, 202
21, 801
15, 575
13, 498
6, 514
5, 248
89.2
(U
(< S1
*"<_<
Ro^i i \ o
21,801
2, 531
0
2
2, 466
IS, 120
17, 754
21, 408
15, 213
13, 781
6, 857
5,199
88.8
2, T
17, M
r- f l t < -> s i (
iario
-0' \ o
21, 408
do
imti'l
IU* - r ( s ) , . i i
( i o l ' l r« n fi< i + i -.
i i b i l i t K % t< t ii
')( p o s i t s , t ' U i
M ' " W / ( 1 h , ik II
1 \ f ( s ^ u < i v< s
Rf
20,04? i 20, W
do
do
do
do
do
^7 S
13 1
2o^ 3
48 2
12 6
273 9
47.0
42.6
278.3
45.3
44. 2
279. 4
42.6
42.0
280.0
41.0
38.5
282.5
44.4
43.8
283.1
43.7
43.1
283.7
48.6
44.6
287.7
44. 7
44. 1
288. 3
42. 4
42.4
288.3
50.7
47. 5
291.3
(iw
do
d1
7f r)
fi(i 8
78 6
/I 3
162 ?
79.1
70.3
471.0
78.4
72,7
476. 7
76.8
70.0
483. 5
69.2
68.4
484. 3
74.3
74.1
484.5
77.4
74.8
487.1
107. 6
89. 3
505. 4
68. 2
70. i
503. 5
67. 0
69. 0
501, 5
84.9
80.3
50fi. 1
B r ' i k r a ' i ' s t o ««u i : - r o r ? .
\OA
^ o i k t 11.v
. p( r; o u t
j ' o l u i r h rt h o r n ' i n d e a s t e r n c i t i e s . . d o
11 - o u t h c r i i ' i n d -\( i C -torn c i t i e s
. <U>
D i s o o i i n t r..1o ( \ Y V Ii U n n k )
d<>
F(Ml»ral l-nul b m k l o - n s
d>
F^ck-ral u i l o r n i " d i Uo or-'dit u " ' k l o a n s d o
O p e n m n r k o t r d o ^ , \ . "> . ( \ .
I r c \ r M l i n ' . ' r-ito
\c-ct'pi.ific' s, p i u i c ,
b i n k t r s , ()Q d a \ s
poroi-dt
C o n i ' l ])r,\] o r , ] - l i n o , t (, n:on<"!^
do
T u n e l o a n s <•') i!*i\> ( \ \ Y . S 1 ^ d o
\\<r;iLo r < t r
C a l l I n i ' i ; , T ' T ' w i l ( V . Y . S !" ^
do
1 . < . 'I r o . ^ i i r y i-'IN, 91 d < i \ s
do
A %' \ i e l d , I . b . Tri-is n o t e s , .5 5 y r s _rio
Sa\inj.'sJlof)siK
r a v i n e s b a n k s i n N o w ^ (^ k S t ' i t o .
A m o u n t d\u> d f o - . i ' o r s
- n i l . of d o l
V. S 1'o-f il M M n j r s
B a l a n c e t o c r o d i i of d o i o ^ i o r ^
dn
.
[Jalnnoo on do " >Mt m b m k s
do
2.00
2.49
3. 38
I. on
4 00
1. ."0
1.00
4, 00
1.50
1.00
4.00
1. 50
Mr,
1 .- v
2.14
2.56
3.43
r 2. 06
2 53
3. 25
2 00
2. 53
3. 36
1.00
4.00
1. 50
1.00
4. 00
1. 50
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
I. 50
1.00
4. 00
1. 50
1.00
4.00
1. 50
Ms
Ma
M<5
Me
Ms
Me
U-H
IX
Ms
Mo
J/2-5'8
\\'\
Ms
M«
l X
IX
IX
Pi
' VA
m
IX
m
m
IX
1 00
1, 00
.02
.45
1.00
.06
. 65
1.00
.10
. 76
1.00
.05
. 57
1.00
.04
. 58
1.00
.05
. 48
1.00
.02
. 43
1.00
.02
.34
1.00
.02
1.00
.02
43
1.00
.04
1.00
.11
50
5,660
5, 644
5. 670
5,631
5.629
5, 657
5, 635
5, 639
' 5,6S8
5, 664
5, 652
5, 661
1, 303
44
1, 299
43
1, 293
43
1,297
42
1,298
41
1,296
40
1, 296
38
1,299
37
1,304
'36
1,314
'34
1,316
32
1, 320
33
1, 201
1,238
46
70
245
1,114
48
61
207
7
7
29
30
8
9
11
20
3
57
3
23
1, 175
50
65
206
7
16
30
29
14
4
11
12
2
56
4
21
1,128
49
49
196
976
49
58
173
7
8
22
24
7
10
7
20
o
39
6
21
1,111
44
71
200
6
8
40
21
7
6
14
20
3
54
2
19
1,024
40
53
196
6
15
29
22
14
7
11
19
1
44
4
24
1,086
48
57
188
6
13
30
20
6
10
1, 124
43
54
161
7
7
27
15
6
6
,5
16
4
44
1
1, 129
66
58
182
7
7
25
24
5
7
15
13
2
42
1,211
58
(50
188
12
10
39
22
5
5
6
18
4
35
1
31
rOMMKKCl \L I'AILl'RKSt
n u m l or
G r a n d lotal
dc
Comm'Tcial s r\ioe, t o ' il - do
Const ni' 1 !< M, t il ul
<'o
Maniifac-lnin 'J a n d n iiiinj. io\-J .
Minim,' Goal, Oil. T I , M 11-Mieoh^
d >
Cl'onurd-. jpd ...li. d i).-o«!nrts 'jo Food an 1 !> nidi' d MI hlUi_fs
do
L u m b i r -I'"! ] •o'(.ic1s
do
d-< . .
Iron find st.vl o^<\ p'od;j(t
Leather a n d lo;ither p r o d u c t
Maci.iriorv
1'aper, print inc. a n d publisliiiig
do
.^tono. , i;u . and i l:is>- Ttroduot i
Te\ii!e-mili produ"ts and .i])pan-l
do.,
Trui.sp r 'rfa'ioM cjnipriH u.
do
\li.S''ollanc ous
78
246
11
54
24
14
14
33
34
10
14
13
q
21
28
7
9
14
24
3
46
4
23
f,
11
3
59
1
23
',>'{
30
- Rov isod
(•Revised series. Seo footnote m a r k e d "f" on page 32 of this issue.
• N e w scries. For data lvcinninsj 1(|29 for industrial b a n k i n g companies, see p . 18 of the S e p t e m b e r 1940 Survey; d a t a beginning 1929 for personal finance companies will
b e FRASER
s h o w n in a later i^sn^
for
Digitized
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
June 1941
1040
1941
DecemOctober November
ber
January
Fcbru-
Mareh
FINANCE—Continued
COMMERCIAL FAILURES!—Continued
Failures—C on tinued.
Retail trade, total
number..
Wholesale, trade, total
do
Liabilities, grand total
thous. of dol..
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._..
Lumber and products
do....
Iron and steel and products
do
Leather and leather products
do
Mach iner y
do
Paper, printing and publishing
do....
Stone, clay, and glass products
do
Textile-mill products and apparel
do
Transportation equipment
.
do
Miscellan eous
do
Retail trade, total
do
Wholesale trade, total
do
74")
108
13, 827
573
1, 120
4, 421
' 202
103
.1, 403
451
20
271
240
250
434
645
3, 970
3, 743
781
114
120
16,247
13,068
911
570
1, 541
1, 201
6,853
4, 506
488 J
200
117
1, 627
750
814
432
180
214
92
206
1,344
278
182
836
87
251
540
1, 040
5, 145
5, 270
1, 646
1, 666
685
113
13,734
1,100
984
4, 953
444
40
1, 002
548
132
251
288
226
82
1, 026
140
774
5, 314
1, 383
738
116
16.213
594
847
7, 050
2, 250
253
619
348
254
64
909
24, 420
4, 573
662
3.911
1.716
2, 467
24. 494
4, 591
663
3. 928
1.714
2, 463
588
108
11,397
541
893
4, 740
1, 345
195
272
866
49
86
146
399
112
695
259
316
3, 563
1. 660
681
115
12, 715
574
854
5, 247
361
432
1,074
227
92
100
142
890
69
1,443
37
380
4,194
1,846
646
89
16, 572
596
838
9,090
3, 067
444
1.512
358
369
75
175
250
156
1, 484
58
383
5, 964
1. 758
732
102
11,997
562
1, 272
4, 386
421
31
770
845
123
197
325
288
16
1,171
40
159
,c,056
1,721
24, 623
4, 608
663
3, 945
1.714
2, 453
24,719
4, 621
663
3, 958
1,716
2, 445
24,869
4, 650
663
3,987
1,710
2, 436
24, 963
4,670
666
4. 004
1, 707
2, 425
25, 076
4, 694
664
4,030
1, 701
2, 413
25,170
4,697
663
4, 034
1,661
2, 398
25, 299
4,710
658
4,052
1,653
2, 383
25.400
4,727
665
4, 062
643
1,
2. 371
25. 551
4, 744
663
4,081
1. 632
2. 358
14, 527
6. 651
4. 852
3.572
2, 699
1. 605
897
424
14,624
6, 738
4, 929
3, 579
2. 694
1,613
888
425
14,692
6,811
4,991
3, 598
1, 566
922
459
14, 769
6,819
4,983
3, 622
2, 731
1, 597
933
459
.14,851
15,034
6, 866
6, 889
5,010
5, 036
3, 619
3, 7S4
2, 745
2,689
1,621 ! 1, 672
955
862
462
518
15. 032
6, 883
5, 045
3, 775
2, 702
1.672
1,006
515
14,971
6. 744
4, 910
3,794
2 717
l!710
1,166
5° 2
15, 116
6. 778
4, 943
3. 879
2. 719
1, 740
1. 144
557
691
28
443
220
549, 955
40, 720
127,974
381, 261
248, 824
25, 938
12, 303
60, 409
150, 174
798
35
506
256
648, 903
55, 244
146,465
447, 194
246, 403
21,941
12, 368
51,766
160, 328
23
468
226
560,912
34, 256
134,859
391, 797
251, 508
28, 454
11,844
56. 278
154,932
800
67
494
238
694, 740
108, 003
142. 371
444, 366
357,173
51, 185
14, 956
91, 469
199.563
689
30
439
219
573,124
35, 744
126, 458
410,922
285, 226
39, 681
15,336
60, 863
169,346
-o32
464
231
589, 370
44 251
136 166
408, 953
264 175
23. 640
15,932
56 279
168 324
816
43
514
259
646, 925
42, 721
148,978
455, 226
280*. 753
26, 494
13.561
62,514
178.184
503, 427
38, 056
129,066
113,821
50, 238
51,668
20,913
42, 647
12, 758
44, 260
573, 504
44,112
158, 087
130, 687
56,173
56, 987
21,624
41,778
14, 747
49,309
505, 474
38, 381
139,103
115,940
47, 328
50, 654
19, 440
37, 908
12,924
43, 796
596, 534
40, 072
159,584
137, 459
58,527
61, 072
25, 230
46, 644
16, 370
51, 576
93
522, 762
43, 440
151, 318
121, 164
46, 963
49. 473
19,207
35. 973
12,348
42,876
537 557
598,217
46. 5:«
160. 635
138,612
54,634
59 030
25, 156
47. 986
14,517
51, 11 {
.298
(2)
.061
.302
.863
.052
.570
(2)
.400
.050
.234
.203
(2)
238
. 033
.298
(2)
.061
.302
.869
.052
.570
(2)
.400
.050
.234
.204
(2)
.238
4.036
.298
(2)
.061
.302
.866
.052
.571
(2)
.400
.050
.234
.204
(2)
.238
4.035
691 j
771
719
800
102 i
95 |
104
105
13, 309
11,888
13,483 13, 444
855
552
665
359
765
836
1, 043
599
5, 928
3, 647
4,217
5,983
117
294
394
197
441
78
88
172
1,051
2,347
894
I 052
765.
254
282
293
708
21.5
354
555
158
56
127
214
85
29
72
503
259
523
185
524
422
25
24
163
359
873
600
820
15
119
619
7
262
460
1,288
433
6, 128
4,097
5, 084
4, 501
1, 576
2, 049
1,611
1,629
838
1,399
578
4,699
1, 349
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalt
mil. of dol...
Mortgage loans, total
do
Farm
do
Other
do..-.
Real-estate holdings
do
Policy loans and premium notes
do
Bonds and stocks held (book value), total
mil. of doL.
Gov't. (domestic and foreign), total_do
U. S. Government
do
Public utility
do
Railroad
do .
Other
do-...
Cash
.
do--..
Other admitted assets
do
Insurance written:®
Policies and certificates, total number
thousands.
Group -.
do
Industrial
do
Ordinary
do
Value, total
thous. of dol..
Group
do
Industrial
do
Ordinary
do
Premium collections, total®
do
Annuities
do
Group
do
Industrial
do
Ordinary
do
25. 655
4. 759
4, 093
1,618
2, 347
15, 185
0, 792
4, 96!
3, 931
2. 717
i. 745
24, 339
4, 555
661
3, «94
1,718
2, 472
14, 218
14.325 j 14.347
6, 529
6,517 6, 520
4, 756 | 4, 735 4,721
3, 504
3. 5!I9 | 3, 545
2, 668
1, 517
1. 582
1,574
875
906
952
464
470
427
683
32
714
446
404
233
256
626,357 597, 450
.->, ovw I 44,869 48, 946
5,852 I 141,921 128, 232
9,118 439,567 i 420,272
266, 430 256,608
750
25, 473
12, 583
11,594
57,252 j 57, 112
171,845 I 162,429
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total-thous. of dol.
New England
do- - Middle Atlantic
_ do East North Central
do.._
West North Central
do...
South Atlantic
do.. _
East South Central
do-.
West South Central
do.._
Mountain
do. _ _
Pacific
do...
Lapse rates
1925-26=100.
571,625 553,086
AO 41 fi 41,72"
A1 - O 7
42,416
157, 222 146,613
131,230 123, 270
54, 290
58, 864
58, 094
55, 897
24,711
21,857
44, 595
41,550
14, 956
15,154
44, 830
47,435
91
46 549
148 981
126 136
49. 509
50 217
20.201
39 829
12 481
43, 654
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso..
Belgium
dol. per helga..
Brazil, official
dol. per milreis..
British India
dol. per rupee..
Canada
dol. per Canadian dol._
Chile
dol. per peso..
Colombia
. .__ do
France
dol. per f r a n c
Germany
dol. per reichsmark..
Italy
dol. per lira..
Japan
dol. per yen..
Mexico
dol. per peso-Netherlands
dol. per guilder..
Sweden
dol. per krona._
United Kingdom
dol. per £-Gold:
Monetary stock, U. S
mil. of dol_.
Movement, foreign:
Net release from earmark f-- -thous. of dol_.
E xports
Imports
. 298
C2)
.(Mil
. 301
. 877
. 052
570
(2)
. 400
. 050
.234
. 205
(2)
. 238
4.025
22, 506
. 298
. 169
.061
. 302
. 842
. 052
. 570
.020
. 401
. 050
. 234
.167
.531
.237
3. 526
18, 770
. 298
. 167
. 060
.301
.810
. 052
.570
.019
. 400
050
.234
.167
i. 531
.238
3.274
.298
J
19, 209
.061
.301
.801
. 052
.572
.020
.400
.050
. 234
.184
.298
GO
. 061
. 301
. 869
.052
. 571
.061
.301
. 869
,052
. 570
.400
. 050
.234
.199
.400
.050
.234
, 200
.298
(2)
.061
. 302
. 855
. 052
. 570
(2)
(2
238 |
3.805 i
. 238
3.979
.399
. 050
.234
.199
(2)
.238
4. 034
19,963 | 20,463 I 20,913 j 21,244 j 21,506 j 21,801
67,162 1-36,652 -437,234 '-55,064
33 I 3,563
1,249 ;
8
do....
do
I 171,994 249,885 ! 438,695 1,164,224 519,983
66,976 ! 36,628 1-117,947 -39,495 i
10 \
13 !
17
6 I
351,563 ; 334,113 l 325,981 330,113
.298
(
.061
.301
.848
.052
.571
298
. 298
or, i
'.061
.301
. 850
. 052
. 570
301
837
052
570
(•'
(
(-)
.400
.050
.234
.205
400
050
234
205
.238
4.034
4 030
(2)
. 400
. 05(
. 234
. 205
(2|
. 23*
4.0*-
C-)
238
21,995 I 22,116 I 22 232! 22 367
!
'
I
7,417 ^-52,812 ! - 4 6 , 153
3 j
4 !
'
6
'213
;
3
137,178 - 234,246 ', 108,615 118,569
r
3
Revised.
' Average for May 1-9.
* No quotation.
Average for Tune 1-15.
^OY increase in earmarked gold (—).
$37 companies through 1940 and 36 companies in 1941 having 82 percent of total assets of all United States legal reserve companies.
<8>40 companies through 1940 and 39 companies in 1941 having 82 percent of total life insurance outstanding in all United States legal reserve companies.
f Revised series. For data beginning January 1940 and an explanation of the revision, sec p. 32 of .lie March 1941 Survey. For previous revision of 1939 data, see p 31 of
the March 1940 Survey,
June 1941
Monthly statistics through December 1939, together with explanatory notes and rteferences
to the sources of the data, may be found in the
1940 Supplement to the Survey
33
SURVEY OF CURRENT BUSINESS
1941
April
1941
1940
April
May
June
July
August
September
DecemOctober November
ber
January
February
March
FINANCE—Continued
MONETARY STATISTICS—Continued
Gold—Continued.
Production, estimated world total, outside
106, 890 106,400 104, 335 110,285 109, 795
U. S. S. R
.
thous. of doL.
Reported monthly, total ^
do
' 90,190 ' 89,014 ' 86. 776 r 92,381 ' 92, 272
T
Africa
.
do
46,766 ' 40,931 ' 4 5 , 5 1 7
' 46,985 '47,212
Canada
do
14, 652
15,488
15,982
15, 795
16,318
United States
do
16, 391
16,483
14, 845
18,849
16,035
Receipts at mint, domestic (unrefined)
fine ounces.. 292, 251 240,003 233,901 231, 486 368, 330 307, 780
Currency in circulation, total
mil. of dol_.
7,710
8,059
7,559
9,071
7,848
7, 883
Silver:
884
594
180
Exports
.
thous. of doL__
1,212
15
177
4,673
5,170
Imports
do
5,378
4,107
4,346
4,589
.348
Price at New York
dol. perfineoz..
.348
.348
.348
.349
.348
23, 423
Production, world
thous. offineoz_.
24, 785
23, 091
22, 836
22, 269
3,096
Canada §
_
do
1,770
2,042
1,791
1,997
6,511
Mexico
.
do
8,140
6,861
8,120
5,619
5,373
United States
.
. . . . do
6, 120
5,530
4,419
5,840
Stocks, refinery, end of month:
United States
.
do
1,385
1,605
1,870
3.424
3,997
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.) J
226.0
mil. of doL72.3
Autos, parts, and accessories (28 cos.).do
Chemicals (13 cos.)
do
32.8
Food and beverages (19 cos.)
..do
21.0
Machinery and machine manufacturing
(17 cos.)
mil. of doL.
9.0
Metals and mining (12 cos.)
do
3.9
Petroleum (13 cos.)
do
12.1
Steel (11 cos.)
do....
38.1
36.8
Miscellaneous (55 cos.)t
do
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
mil. of doL.
52.0
Federal Communications Commission:
Telephones (net op. income) (91 cos.)..do
61.9
Interstate Commerce Commission:
l.i
Railways, clnss I (net income)
do
Standard and Poor's Corporation (earnings):A
87.2
Combined index, unadjusted*
1926=100.95.1
Industrials (119 cos.)
do
0.9
Railroads (class 1)* __
do . . .
136.4
Utilities (13 cos.)
do.-..
106, 960 115,045 109, 725 109, 445 107.975
' 89, 388 '97,518 ' 92,337 ' 91, 567 » 90, 364 p 85, 255 v 88, 439
'46,060 ' 47, 548 ' 46,711 ' 46, 289 * 47, 386 p 44, 601 P 4 7 , 170
16, 360
15,750
15, 755
15,199 ' 14, 446 p 14, 446
15,416
21, 744
19, 692
19, 434
16, 646
17,065
15,408
16, 023
341, 402
8,151
447, 526
8,300
397, 336 338,006 ' 296, 624 • 233, 065 275, 091
\ 732
8, 593 rS, 781
8,924
8,522
87
139
4,857
4,656
.348
.348
23, 835 ' ?2,900
1,673
1,795
7,090
7,990
5,609
5,049
4,721
.348
' 23,093
1,708
7,104
6,367
123
4,690
.348
20,619
1,642
4,568
6,499
319
4, 576
.348
817
3, 292
1,557
8, 750
5,733
" l , 357
1,522
2,107
1,730
1,792
1, 048
4,489
.348
.348
6, 445
^6,009
1,557
2,382
1, 340
184.5
19.4
30.2
4.7
8.6
58.8
36.9
288.7
87.2
31.1
25.9
12.0
8.6
9.2
65. 2
49.5
55.9
62.9
68.5
124. 5
79.9
40.7
109.5
•p 112. 3
v 115.5
71.2
' 140. 0
v 106.8
P112.0
P43. 0
v 145.5
PUBLIC FINANCE (FEDERAL)
45, 890
44, 277
45,039
47, 173
44,140
Debt, gross, end of month
mil. of doL. 47, 231
46, 117
44, 075
42, 971
43,909
43, 774
42, 663
42, 810
Public issues:
39,908
40, 898
38,502
39,102
Interest bearing
do
40, 028
40, 967
38,419
38, 462
38, 386
37,605
38, 337
37, 671
37,625
557
554
566
568
557
Noninterost bearing
do
577
593
591
589
584
541
555
592
Special issues to government agencies and
5, 426
5,370
5, 534
5, 209
5,707
5,102
trust funds
mil. of dol.5,063
4,934
4,775
4,853
4,585
4,496
5, 683
Obligations fully guaranteed by
U.
S.
Gov't:
5,915
5,916
5, 914
6, 560
5,919
5,810
5,808
5,812
5,528
5,526
Total amount outstandingd1
mil. of dol.5,535
5,656
5, 916
By agencies:cf
1,
269
1,269
1, 269
1,
269
1,269
1, 269
1,269
1,269
1, 269
1,269
1,269
Federal Farm Mortgage Corp
do
1,269
1,269
2,615
' 2, 613
2,618
2,611
2,634
2,621
Home Owners' Loan Corporation..do
2,623
2, 763
2,641
2, 614
2,627
2, 610
2, 631
1,097
1,097
1,
097
Reconstruction Finance Corp
do
1, 096
1,097
1, 097
1,097
1, 096
1,096
1,097
1,096
1,096
1, 741
Expenditures, total, including recovery and
1,077,438 1,400,675
relieff
thous. of dol... 1,316,452 792,288 648,814 933,880 830,599 708,382 760, 286 870, 241 817, 888 1,187,277 1,117.
1,294,775 756,975 642,330 883,092 699,794 693,620 757, 536 873, 936 819,821 1,172,540 1,091.
1,054,387 1,387,737
General (including recovery and relief).do
1,
1, 399
-486
930
2, 155
Revolving funds, net
do
3, 425
5,072 - 1 3 , 0 0 9 - 8 , 954 - 4 , 939 - 2 2 , 726
975
5,988
17,
0
10, 000
18, 350
20, 000
0
20, 000
Transfers to trust accounts!-.
do
20, 000
10,000
25,195
0 113,520
3,500
15,
223
1, 539
2,
122
792
1,
171
1,244
47,363
2, 576
1,704
9, 325
12,212
Debt retirements
do
2,010
673, 690 1,566,871
602, 443 304,203 399, 598 784,218 3G7, 064 566,388 711,124 365, 351 484,796 740, 929 37l!
Receiprs, total
do
543, 352 1,506,408
565,418 304, 203 399,598 648, 323 331,221 447,196 710,584 333.258 362, 078 740, 226 339,
Receipts, net*
do
33,
29, 783
39, 950
31,630
27, 923
49, 197
29, 371
22, 627
28, 101
25, 225
23, 630
Customs
do
26, 479
26, 251
502, 046 1,513,017
352,005 261. 772 356, 508 694, 932 326, 141 522, 813 672, 540 318, 578 438,484 692, 937 319,
Internal revenue, total
do
62.
104, 408 1,207,513
48, 906 428, 722
44, 039
74, 881
37, 645 431,669
47, 621
Income tnxosf..
do
49, 055
40,197 463, 786
46,
34, 498
34, .131
43, 053
193, 379
29,437( 37, 614 138, 013
39,194 137,299
Social security taxes___.
do
39, 098 139,131
31, 749
Taxes from:
1,881
2, 098
2,208
1, 910
1,684 j 2,021 I 2,194
1,734
1, 633
1, 744
2,001
1, 646
Admissions to theaters, etc.®
do
1,791
-7-7O
801
1,306
1, 271
1, 025
Capita! stock transfers, etc.®
do
486 j
1, 833
'669
887
488
842
1,593
Government corporations and credit agencies:
12, 676
12,518
12, 500 12. 645
12, 909
12, 398
12, 021
12,410
12,176
12,092
Assets, except interagency, total,,mil. of dol._
12, 371
12,085
8, 639
8, 680
8, 014
Loans arid preferred stock, total..
do
8,930
8,922
8,513
8,681
8,682
8,470
8, 613
8, 623
8, 583
Loans to financial institutions (incl. pre1,174
1, 130
1, 221
1,115
1, 208
ferrd stock)
mil. of doL.
1, 198
1,202
1, 189
1, 194
1, 212
1, 198
1,170
523
523
518
515
516
512
Loans to railroads..
do
553
521
552
513 !
515
524
2, 424
2, 406
2, 387
2,390
2, 395
2, 336
2, 342
2,348 ! 2,387
2, 355
I iome and housing mortgage loans..do
2,323
2, 347
Farm mortgage and other agricultural
|
3, 208
3, 251
3,212
3,280
3,257
3, 349
3, 233
loans
mil. of doL .
3, 705
3, 224
3, 700
3,328 I 3,302
1,309
1, 352
All other.
do-__
1, 298
1,197
1,187
1, 386
1,160
1, 185
1,183
1,200 | 1,214 ! 1,291
U. S. obligations, direct and fully guaran850
880
863
teed
mil of dol...
891
893
879 i
871
846 j
824 j
834
827
829
599
600
602
502 I
567
569 1
597
601
593
558
559
Business property
do....
570 !
•j
1, 190
1, 201)
1, 245
1 0f>7
1 061 j
1 OSl
1 094
1 113
141
1,067 !
Property held for sale.-.
do
610
608
1, 392
1,367
1, 501
1 312 '
1 260
1 296
1 257
1 075
1 313 !
All other assets
do
1,043 !
1,187
1,103
t Revised.
p Preliminary.
•Number of companies varies slightly.
A Formerly Standard Statistics Co., Inc.
| A merger during the second quarter of 1940 reduced the number of corporations in the miscellaneous group to 54 and the total to 167.
<8>Excludes collections from national defense taxes under Revenue Act of 1940.
cPThe total includes guaranteed debentures of certain agencies not shown separately.
§Data reported by the Canadian Government have been substituted beginning 1940 for data previously reported directly by producers to the American Bureau of
Metal Statistics, as the latter data have been temporarily discontinued. Annual totals from the two sources have been in fairly close agreement but the monthly movement in the past has been quite different.
^Beginning with April 1940, where direct reports from foreign countries are lacking, available reports of the American Bureau of Metal Statistics are used. When no current reports are available at the time of compilation, the last reported figure is carried forward. The comparability of the data has been affected by these substitutions. Data
for .Belgian Congo, formerly included in figures for Africa and
total reported monthly, arc excluded beginning May 1940 as reports are not available. During recent years, the
reported figures for Belgian Congo amounted to between \lA and 2 percent of the total reported for Africa.
tRevised series. Data on total expenditures and transfers to trust accounts revised beginning 1937, and on income taxes beginning September, 1936; see table 50, p. 18 of
the November 1940 Survey.
*New series. For data beginning January 1937, see table 50, p. 18 of the November 1940 Survey.
34
SURVEY OF CURRENT BUSINESS
monthly statistics through December 1939, to- 1 9 4 1
gether with explanatory notes and references
to the sources of the data, may be found in the April
1940 Supplement to the Survey
June 1941
1910
April
May
June
July
August
1941
September
DecemOctober November
ber
January
February
March
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Con.
Governmental corps, and credit agencies—Con.
Liabilities, other than interagency, total
mil. of doL_
Bonds, notes, and debentures:
Guaranteed by theU. S
do
Other
do.._Other liabilities including reserves.--do
Privately owned interests
do
Proprietary interests of the TJ. S. Government_
mil. of dol_.
Reconstruction Finance Corporation, loans outstanding, end of month: ]
Grand totalt
thous. of dol..
Section 5 as amended, total
do
Banks and trust companies, including
receivers
thous. of doL.
Building and loan associations
do
Insurance companies
do
Mortgage loan companies
_. _ do
Railroads, including receivers
do
All other under Section 5
do
Emerg. Rel. and Ccnstr. Act, as amended:
Self-liquidating projects (including financing repairs)
thous. of doL.
Financing of exports of agricultural surpluses
thous. of dol..
Financing of agricultural commodities
and livestock....
thous. of doL.
Direct loans to business enterprises (including participations)
thous. of dol.
Authorizations for national defense under
the Act of June 25,1940*
thous. of dol..
Total, Bank Conservation Act, as amended
thous. of dol..
Drainage, levee, irrigation, etc
do
Other loans and authorizations!
do
CAPITAL FLOTATIONS
Security Registrations!
(Securities and Exchange Commission)
Total securities effective under the Securities
Act of 1933
thous. of dol..
Substitute securities*
do
Registered for account of others
do
Registered for account of issuers, exclusive of
substitute securities
thous. of dol_.
Not proposed for sale
do
Proposed for sale:
Cost of flotation:
Compensation to underwriters, agents,
etc
thous. of dol..
E xpenses
do
Net proceeds, total
do
To be used for:
New money
do
Purchase of:
Securities for investment
do
Securities for affiliation
do
Other assets
do
Repayment of funded debt
do
Repayment of other debt
do
Retirement of preferred stock.. _ do
Organization expense
do
M iscellaneous
do
Gross amount of securities less securities reserved for conversion or substitution, total
thous. of doL.
Type of security:
Secured bonds
do
Unsecured bonds
do
Preferred stock
do
Common stock
do
Certificates of participation, etc
do....
Type of registrant:
Extractive industries
do
Manufacturing industries
do
Financial and investment
do
Transportation and communications-do
Electric light, power, heat, gas and water
thous. of doL.
Other
do.__.
8,053
7,912
7,977
7,842
8, 400
8, 403
8,406
8,579
8,526
8,599
8,592 |
8,696
5, 657
1, 327
1,069
403
5,535
1,337
1,039
404
5, 529
1,343
1, 105
405
5,526
1,351
964
406
5, 811
1, 354
1, 234
407
5, 809
1, 356
1, 238
410
5,808
1,354
1,243
412
5,919
1,422
1,237
413
5,917
1,395
1,214
415
5,915
1,389
1,294
417
5,914
1,386 |
1,292
5,916
1,390
1,391
3,719
3,770
3,639
3, 844
3, 603
3, 558
3,580
3,526
3,559
3,629
2,020,115 1,616,429 1,611,515
771, 727 718,030 712, 328
418
421
'3,666
3,792
1,635,270 1,651,829
720, 085 749,921
1,651,616 1,621,602 1,648,746 1,698,511 1,712,764 1,804,379 1,940,015 1,981,699
753,C87 715,778 720,324 751,498 763, 653 770, 730 768, 580 773.899
102, 702
4,813
1,722
173, 118
486, 938
2,435
90, 613
3,637
2,389
146, 243
471, 747
3,401
89, 008
4,138
2,354
146, 846
466,093
3,889
87, 761
4,347
2,331
145. 951
475, 856
3,839
86, 303
4, 270
2,313
146, 637
506. 623
3,775
85, 226
4, 625
2,188
149, 737
507, 627
3,684
83,898
4,597
2,176
151,456
470, 039
3,612
83,110
4,690
2,105
157, 094
469, 769
3,554
109,214
4,581
2,077
159, 534
472, 596
3,498
18,615
38,540
40, 010
19,915
19,784
20, 509
21, 262
31, 785
19, 581
19, 511
19, 486
19,443
47
47
47
47
47
47
47
47
47
47
47
47
47
443
675
625
525
521
520
520
445
445
443
443
443
443
114,478
130,466
130,566
130, 732
129, 945
129, 3tt
128, 676
127, 906
126,008
121, 678 119,061
117,464
115.827
188, 244
115, 028 112,026 108,771 105,808
4,268
4,368
3,998
4,262
1,998
1,742
1,906
1, 790
165,118 168, 044 169, 027 172, 452
473, 881 481,961 481,977 486, 877
3,360
2,652
2, 753
2,795
51,387
71, 249
18,644
93, 912 137,171
1,010
2, 0.55
12, 844
27,316
63,864
460, 313
75. 859
390, 389
552,134
83, 723
97, 028
548,669
83, 740
98,851
574,558
83,596
105, 797
570, 778
83,299
96,524
563, 5(51
83, 223
99, 242
564, 516
83, 360
94, 599
564, 744
83,409
92,772
559,420
83, 507
94,141
556,711 649,195 468,853 463, 248
83, 460 83, 231 82, 897 83.161
115,875
90, 936 388.378
389,260
186, 996
0
32, 048
245, 723
8, 753
25,382
102, 761
3,022
2,469
82,577
5, 694
418
200,313
457
4, 140
123, 2^2
422
32, 2*6
130,581
15,405
5,851
287, 456
5,743
3,369
161, 748
2,862
4,758
322,618
0
4,859
154,948
62,174
211,587
78,522
97, 270
0
76, 464
20, 225
195, 715
429
90, 574
16,717
109, 324
14,162
278, 345
22, 219
154,128
46,931
317, 760 390, 549 179, 584 160,431
25, 594 24, 620 18,242 33, 033
2,384
551
89,839
4, 632
1, 042
127, 391
3,126
511
93,632
1,959
358
53, 923
4,523
1,182
189,581
3 410
374
70, 074
3, 248
657
91, 257
4,874
1, 233
250, 019
3,747
695
102, 755
6,882
1,174
10, 677
1,626
874
1,226
283, 658 354, 025 159,294
19,878
43, 361
8,252
4,293
22, 984
31, 996
45 432
14,899
9,309
11,339
0
1,564
54,953
1, 802
175
8
120
3, 943
0
0
53,532
7,818
18,316
28
393
2,556
0
0
76,621
6, 105
99
0
0
9,030
279
0
38,155
8
2,139
0
18
2,016
0
200
161, 423
997
1,909
1
52
18 039
537
60
19 181
60
0
193
4 363
152
20
37 342
2 694
123
J
( )
132
0
13
0
233,624
697
512
4
270
13,381
82
0
69, 825
681
9,427
10
40
182,325
225, 510
99, 739
76, 882
199, 591
116 780
89,770
33, 288
10,570
44,010
4, 687
44,217
53, 866
84, 509
38, 424
4,493
3,200
75, 000
5,039
14,119
2,381
58,144
0
2,254
6,799
9,685
105,148
72, 000
11,040
9,209
2,194
571
65,136
72, 221
6,074
10,819
61, 839
14, 374
705
4,864
86,112
2, 745
3,768
37, 061
1,263
84.018
53, 755
0
2,250
33, 863
415, 699 183.098
0
0
3.514
25,150
162, 828
2, 397
0
4.267
720
122,411
13,069
46, 800
4,612 152, 842
249
0
173
0
0
223, 900 154, 066 128.973
1, 934
2, 093 13,000
2.268
25, 711
0
(a)
0
672
613
1,148
23.493
0
133
46. 038
540
5,069
0
337
18, 165
318,856 11393,713
182, 543 157,514
115,167
273, 307
158, 886
650
878
46.5
91' 7
870
39, 541
22, 598
16,016
19,375
17, 637
230, 483
11,429
23, 869
7,397
130
70, 607
1,766
24, 263
26, 578
35, 672
147, 045 135, 365 133,159
107,318
2, 983
60, 037
6, 537 37,565
15, 552 31,826
8, 832
35
5, 598
82, 670
0
48.422
2,151
24,270
3,974
81,396
2,186
0
28
55. 205
19, 407
500
12 750
38 158
6 815
0
3,177
70, 097
1,779
7,722
1,731
18,243
49, 926
200
250
0
115,944 114,377
19, 353 162, 693
209
69, 488
0
24, 097
2, 983
0
0
41,013
25,976
2,468
54, 700 111,676
2,210
359
13 319
28 32;-;
50 386
7 058
189, 833
700
78, 052
10,734
171, 360
11, 740
43,668 !151,341
4,122
3,487
87. 729
329
75
5. 726
9, 835
4,337
6
24
16
57
10
Securities Issued X
(Commercial and Financial Chronicle)
Securities issued, by type of security, total (new
capital and refunding)
thous. of dol..
344, 874 251, 390 227, 182 691.472 282 47C 229,314 710, 551 440, 266 605, 791 417,197 •324,037 406, 603
New capital, total
do
•116,887 122, 020
82, 728 397, 300 129 776 113,550 257, 391 263, 436 189, 899 95, 321 77,056 181,711
Domestic, total
do
116,887 122, 020
82, 728 397, 300 129 27f 113,550 257, 391 263,436 189, 899 95, 321 77,056 181,711
Corporate, total
do.
9,771
53, 925
89, 287
61,132
46, 233
67 938
68, 006
52, 789 31, 550 86, 034
47, 278 168,699
Bonds and notes:
Long term
do.
31,025
79,680
7, 307 43, 787
52 612
21,080 165, 756
43, 783 50, 208 24,851 | 55, 372
63 728
Short term
do.
100
0
910
0
0
637
0
1,000
0
330
0
0
2 720
15,253 !
0
Preferred stocks
do.
65
13 427
1,096
9,877
9,703
1,154
864
3,752 29,468
7,547 |
9,607
Common stocks
do.
1,489
1 899
1 558
16, 321
6,645
1,350
2,079
1,096
2,310
1,195
f
Revised.
° Less than $500.
^Includes repayments unallocated, pending advices, at end of month.
JSee note marked "J" on p. 35 of this issue.
i Includes $154,350,000 in face amount instalment certificates not included in the break-down by type of security.
fRevised series. Data on security registrations revised beginning January 1938, see table 47, p. 15 of the November 1940 Survey. Data on total loans of the Reconstruc^
^
^
^_
1L.UJV/Uk,
v^uwJ by the
RFC to aid in national defense, now included in authorizations for national defense. Certain other comparatively small revisions have*been made in the"grand totaf; currently
such revisions are not carried into the detail.
*New series. For data beginning 1938 for substitute securities, see table 47, p. 15 of the November 1940 issue. Authorizations for national defense include loans, participations, and purchases of capital stock in corporations created by the Reconstruction Finance Corporation to aid in national defense.
35
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, to- 1 9 4 1
gether with explanatory notes and references
to the sources of the data, may be found in the
April
1940 Supplement to the Survey
1940
April
May
June
July
August
1941
Novem- DecemSeptember October
ber
ber
January
February
March
FINANCE—Continued
CAPITAL FLOTATIONS—Continued
Securities Issued \— Continued
{Commercial and Financial Chronicle)
Securities issued, by type of security—Con.
New capital—Continued.
Domestic—Continued.
Farm loan and other Government agencies
thous. of doL.
Municipal, State, etc
do
Foreign, total
.
do
Corporate
do
Government
do
United States possessions
do
Refunding, total
„
do
Domestic, total
do
Corporate, total
do
Bonds and notes:
Long term
do
Short term _'
do
Preferred stocks
do
Common stocks
do
Farm loan and other government agencies
thous. of dol _
Municipal, State, etc
do
Foreign, total
do
Corporate
do
Government
do
United States possessions
do
Corporate securities issued by type of borrower,
total
thous. of doL_
New capital, total
do
Industrial
do
Investment trusts, trading, and holding
companies, etc
thous. of doL.
Land, buildings, etc
.
.do
Public utilities
do....
Railroads
do
Shipping and miscellaneous
do
Refunding, total
do
Industrial
do
Investment trusts, trading, and holding
companies, etc
thous. of doL.
Land, buildings, etc
do
Public utilities
do
Railroads
do
Shipping and miscellaneous
do
Domestic issues for productive uses (Moody's):*
Total
mil. of dol_.
Corporate
do
Municipal, State, etc
do
645, 442
60,416
850
0
0
850
175, 738
175, 738
108,181
5,500
r 57,462
0
0
0
0
227, 987
227, 987
192, 353
107,472
709
0
0
154,191
0
37, 546
617
83,810
0
0
0
96,147
5,000
0
329
223,116
0
257
2,250
107, 047
0
4,421
26
27, 725
39, 833
0
0
0
0
17, 350
'18,284
0
0
0
0
25,150
20,409
0
0
0
0
28,870
14,108
0
0
0
0
48, 400
20,150
0
0
0
0
27, 525
13,681
0
0
0
0
147, 650
39, 470
8,781
246, 279
53, 925
22, 598
173, 097 111,248
9,771
89, 287
2,826
6,094
0
47
18.401
9,100
3, 141
108,181
38, 007
350
0
16, 767
8,114
6,096
192,353
50, 943
0
0
0
280
0
4,217
2,000
19,400
63, 513
728
83, 810 101,476
79, 350
1,700
0
1,929
39,186
4, 000
25, 059
0
1,000
41,236
82, 252
16,923
0
2,960
1,500
0
0
75
23
67
22
45
52
25
27
3,000
2,250
29, 733 70, 707
0
0
0
0
0
0
0
0
129, 370 144,455
129, 370 144, 455
83, 810 101, 476
0
0
289, 458
61, 608 61, 338 45, 544
0
0
500
0
0
0
0
0
0
0
0
500
294,173 152, 700 115,764
294,173 152, 700 112,564
225, 623 111,494 62, 465
112, 099 42,000
98,014
52, 737
0
0
0
0
0
0
0
0
453,160 176,830
453,160 176, 830
345, 347 92, 487
60, 449 331,651
836
0
13,651
1,180
45
0
28, 050
79, 764
0
0
0
0
0
128, 767
0
0
0
0
415,893
415, 893
328,212
64,475 285, 649
0
2,000
25, 595 38, 702
3,861
416
59, 465
24,879
0
0
0
0
14, 300
73, 381
0
0
0
0
2,200
8, 125
40, 332 37, 381
0
0
0
0
0
0
0
0
321, 876 246, 981
321,876 246,981
267, 890 217,012
9,440
86, 237
0
0
0
0
224, 892
224, 892
116,938
248, 394 198,911
16, 670
703
2,286
17, 398
540
0
85, 330
0
31,607
0
30, 800
23,186
0
0
0
0
17, 425
12, 544
0
0
0
0
4,000
92,829
0
0
0
0
271, 856 179, 432 130,471 392, 625 261,186 389, 343 320, 678 265, 962
46, 233 67, 938 68,006 47, 278 168, 699 61,132 52, 789 31,550
18, 557 10, 243
6,311
2,834
17, 544 16, 268
23,124
4,772
0
0
0
0
0
0
0
0
155
0
25
148
65
0
90
40
10, 575
4,944
5,444 141,091
6, 527
11,256 30, 232 18,521
18, 010
15, 205 14, 292 25, 576 15, 258 23,840 12,030 30,395
1,421
25, 601
10,160
909
637
15, 000
200
6,325
225,623 111,494 62,465 345,347 92,487 328, 212 267, 890 234,412
1, 107
93,628 60, 776
7,275 86,660 53,586 29,575 95, 908
202, 972
86, 034
26, 612
0
0
4,000
3,837
1,202
1,250
220, 231 134, 940 178, 824
9, 790 50,718
0
73, 204 23,415
2,513
0
2, 876
67, 602
3, 000
309
26, 000
24, 099
3,200
0
0
3,200
0
0
427
829
94, 020 117, 466
5,000
0
329
13, 700
0
77
23,811
25, 300
1,530
0
490
43,300
7,900
3,500
0
367
207, 334
50, 558
428
0
3,592
23,438
1,329
10,541
36
7
29
82
39
43
100
53
47
103
63
40
67
40
27
211
165
46
66,583
51,033 246,885
122, 245 224, 706 75,692
178,061
234,366
89, 291
77,354
77, 622
100,957
(Bond Buyer)
State and municipal issues:
Permanent (long term)
...thous. ofdol.
Temporary (short term)
do_._
94,877
88, 056
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
.
mil. of bu.
Corn
do.__
432
57
901
112
921
134
432
70
495
92
451
81
360
62
360
66
406
91
606
199
368
265
910
192
626
252
702
239
653
223
376
267
642
213
376
261
631
215
368
256
635
218
370
268
653
203
381
269
666
214
383
280
139
28
111
51
0
106
39, 061
3,120
17,136
116,938
43, 150
102
53
49
182, 493 79, 802 202, 402 78,022 r190, 262 104,238
117,406 167,225 96,146 175,389 177,957 ' 63, 074
228
47
439
58
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
mil. of doL.
do
do
do
677
204
427
281
661
207
399
275
034
199
375
267
633
199
387
268
92. 72
96. 82
45. 47
93.73
97. 73
46. 28
84. 5
89. 9
100.9
62. 3
125. 6
108. 8
85.3
90. 2
101.3
64. 3
125. 4
110. 1
91,476
148,219
118,851
235, 872
75, 999
130, 068
96,162
209, 379
123, 647
2,224
121,423
109,265
12, 158
214,382
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
93.84
94. 32
92.84
93.58
93.05
90.14
92.08
92.48
87.87
90.96
91.33
dollars _
98.10
98. 25
97.78
97.03
97.16
94. 93
96.56
96.51
92.47
95.62
95.72
Domestic
do_.
45.07
47.
01
45.60
45.81
44.86
39.09
43.07
40.64
43.28
48.86
38.38
Foreign
do _ _.
Standard and Poor's Corporation:§
84.0
83.9
85.3
85.8
78.5
82.7
83.6
81.2
82.5
79.4
81.5
Composite (60 bonds) ..dol. per $100 bond90.2
90.5
90.3
90. 2
87.8
89.2
86.3
87.5
85.3
86.8
Industrials (20 bonds)
do...
100.7
101.2
100.5
101.1
100.6
100.6
100.2
101.7
99.3
100.2
Public utilities (20 bonds)
do...
64.3
61.1
60.9
65. 9
52.0
59.7
61.0
57.1
58.2
53.5
57.5
Rails (20 bonds)
do
127.7
129.3
127.3
126.8
114.6
122.3
124.6
120.4
119.8
115.3
121.2
Domestic municipals (15 bonds)
do
110.4
111.8
110.7
110.8
104. 8
107.7
108.8
106.3
106.7
104.9
106.7
U. S. Treasury bonds f
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL. 133,274 135, 784 149,103 90,317 81, 388 67, 057 94, 701 114,881 114,606 i 125,383 147,635
269, 892 210,816 219, 740 134, 597 121, 857
99,101 148, 956 185,154 186,432 j 248,906 276, 042
Face value
do
On New York Stock Exchange:
109, 867 108,459 115,226
74,484 65, 530 53, 571 78, 398 93, 532 95, 500 103, 243 125,090
Market value
do
242, 720 176, 998 179, 936 114, 651 102, 228 82, 424 129,205 159, 704 164, 080 221,475 248, 732
Face value
do
Exclusive of stopped sales (N. Y. S. E.),
209,471
165,116 176,105 102, 663 98,120 79, 705 125, 965 150, 981 159, 006 211, 237 230, 987
face value, total
thous. of doL_
2,707
2,206
2,496
2,422
1,597
3,677
2,131
4,323
2,337
8,250
1,497
U. S. Government
do
98, 986 95,989
77, 368 124,368 148, 485 156, 584 209, 031 228, 280
Other than U. S. Govt., total..do
207, 974 160, 793 167,855
81.058 82, 680 66,566 109,915 129,460 139,191 190, 149 212, 637
Domestic
do
194, 885 139, 547 144, 924
17, 928 13, 309 10, 802 14, 453 19, 025 17,393
18, 882 r 15, 643
21,246
22,931
Foreign
do..._ 13, 089
* Revised.
^Formerly Standard Statistics Co., Inc.
JFor revisions in 1939 data from Commercial and Financial Chronicle, see notes marked "t" on p. 34 of the September 1940 and p. 35 of the March 1941
*New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17 of the September 1940 Survey,
fRevised series. For data beginning 1931, see table 55, p. 17 of the December 1940 Survey.
Survey.
1,417
212,965
199,173
13, 792
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the da^a, may be found in the
1940 Supplement to the Survey
1940
1941
April
June 1941
April May
July
June
August
1941
September
DecemOctober November
ber
January
February
March
FIN AN CE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
|
Value, issues listed on N . Y. S. E.:
Face value, all issues
mil. of dol.
Domestic
.
do.._
Foreign..
do...
Market value, all issues
do...
Domestic
do _ _.
Foreign
do...
Yields:
Bond Buyer:
Domestic municipals (20 cities)
percent _
Moody's:
Domestic corporate
do. _.
By ratings:
Aaa
do...
Aa
do...
A
do...
Baa
do...
By groups:
Industrials
_
do...
Public utilities
do
Rails
..do...
Standard and Poor's Corporation: §
Domestic municipals (15 bonds)
do...
U. S. Treasury bonds
do...
55, 678
51, 416
4,262
52, 518
50, 515
2,003
53,646
49,108
4, 538
49,612
47, 395
2, 217
53,414
48. 879
4, 535
46, 937
45, 197
1,740
52,879
48, 347
4, 532
47, 666
45, 894
1,771
53,431
48, 903
4,528
48, 602
46, 762
1,840
53.914
49 399
4 515
49 239
47 285
1,954
53,913
49. 400
4, 514
49, 643
47, 699
1,944
54, 329
49, 966
4,363
50, 438
48,481
1,957
49, 877
4,360
50,756
48, 768
1,988
54,169
49, 820
4,349
50, 831
48, 871
1,961
54,139
49, 799
4,340
50, 374
48, 386
1,988
54, 237
54, 225
49, 891
4,334
50, 277
48, 307
1,971
55, 746
51,419
4, 328
52, 252
50, 249
2,003
2. 26
2.59
3.00
2.67
2.53
:>. 52
2.39
2.32
2.18
2.14
2.29
2.43 I
2.33
3.39
3. 54
3.65
3.72
3.57
o. 55
3.50
3.46
3.40
3.36
3.36
3.40
3.39
2.82
3.04
3.38
4. 33
2. 82
2.99
3.59
4.74
2.93
3.08
3.65
4.94
2.96
3.10
3.70
5.11
2.88
3.01
3.57
4.80
2.85
£.03
2.55
2.82
3.01
3.52
4.66
2.79
3.01
3.48
4.56
2.75
2.96
3.40
4.48
2. 71
2.92
3.36
4.45
2.78
3.00
3.38
4.42
2.80
3.01
3.37
4. 38
3.06
3.16
3.96
3.05
3.24
4.33
3.20
3.30
4.46
3.25
3.33
4.57
3.15
3.23
4.32
3.12
3.23
4.30
3.10
3.19
4.23
3.06
3.18
4.15
2 98
3! 14
4.07
2.93
3.13
4.03
2.96
3.17
3.96
3.00
3.19
4.00
3.02
3. 17
3. 98
2. 20
1.96
2. 56
2.25
2.81
2.38
2.85
2.39
2. 54
2.28
2 49
2. 25
2.44
2.18
2.32
2.10
2.18
1.97
2.07
1.89
2.16
1.99
2.27
2.10
2 28
2.01
2. 75
2.95
3.36
4.38
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
mil. of dol__
Number of shares, adjusted
millions..
Dividend rate per share (weighted average)
(600 cos.)
.
dollars..
Banks (21 cos.)
do
Industrials (492 cos.)
do
Insurance (21 cos.)
do
Public utilities (30 cos.)
.do
Rails (36 cos.)
do
Dividend declarations (N. Y. Times):
Total
thous. of dol..
Industrials and miscellaneous
do
Railroads
do
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31, 1924 = 100..
Dow-Jones & Co., Inc. (65 stocks)
dol. per share .
Industrials (30 stocks)
,.
do
Public utilities (15 stocks)
do
Rails (20 stocks)
do
New York Times (50 stocks)
do
Industrials (25 stocks)
do
Railroads (25 stocks)
do
Standard and Poor's Corporation: §
Combined index (420 stocks)
1926 = 100..
Industrials (350 stocks)
do
Capital goods (107 stocks)
do
Consumer's goods (194 stocks)
do
Public utilities (40 stocks)
do
Rails (30 stocks)
do
Other issues:
Banks, N. Y. C. (19 stocks)
..do
Fire and marine insurance (18 stocks)
1926 = 100..
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL.
Shares sold
thousands..
On New York Stock Exchange:
Market value
thous. of dol_.
Shares sold
thousands..
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands..
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol.
Number of shares listed
millions..
Yields:
Common stocks (200), Moody's
percent..
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
._
do
Public utilities (25 stocks)
do
Rails (25 stocks)
do....
Preferred stocks, Standard and Poor's Corp.: §
Industrials, high-grade (20 stocks)..percent..
,817.77
938. 08
,643.66 1,680.36 1,690.37 1, 694. 82 1,713.08
936. 43
936. 43
936. 43
936.43 j 936.43
1.94
3.01
1.92
2. 54
1.94
1.56
1.76
3.01
1.70
2.64
1.96
1. 27
1.79
3.01
1.75
2.44
1.96
1.27
1.81
3.01
1.77
2.44
1.96
1.29
1.81
3.01
1.77
2.54
1.96
1.29
199,198
192, 375
6, 823
180,341
176, 637
3,704
449,981
420,278
29,703
239,426
223, 372
16,055
194, 824
182, 232
12, 592
1.83
3.01
1.79
2. 54
1. 36
1.36
711.42 1,738.04 1,781.52 1,792.84 1,791,94 1,796.56 :i, 816. 13
936. 43
936.43
936. 43
938.08
938.08 I 938.08
1.83
3.01
1.79
2.54
1.96
1.36
1.86
3.01
1.83
2.54
1.96
1.36
1.90
3.01
1.88
2.54
1.97
1.47
1.91
3.01
1.89
2.54
1.97
1.53
1.91
3.01
1.89
2.54
1.94
1.53
1.92
3.01
1. 90
2.54
1.94
1.53
365, 5.53 209, 482
347, 331 207,354
18, 2l>2
2,128
221, 404
213,843
7,561
685, 574
635,110
50,463
331,721
305,652
26,069
218,317
204,574
13,743
375,872
360, 210
15, 662
57.2
55.0
53.8
54. 1
43.39 i
43.82
130.45 I 130.17
19.91 ! 20.17
27.61
29.01
93. 68
93.24
167.16
165.43
20.21
21.06
41.21
121. 68
19.37
27.54
87.07
154. 20
19.94
41. 60
122. 52
19. 56
28. 03
87. 66
154. 86
20.46
1.94
3.01
1.92
2.54
1.94
1.56
231. 737
22f>, 315
5.422
51.4
64.3
50.2
53.1
54.6
55.6
56.7
58.4
57.0
40.74
119.10
18. 66
28. 48
85. 41
150.17
20. 65
49. 92
148.91
25.09
31.00
109.17
195.13
23.22
43.48
130. 76
21.45
26.52
95.20
170.95
19.46
39.99
119.46
20.15
24.66
89.17
159.61
18.72
41.64
122. 23
22.42
26.43
90.46
161.49
19.43
42. 60
125. F;2
22.22
26.83
92.21
164. 48
19.94
44.40
131.46
22.18
28.43
96.27
171.50
21.05
44.72
132. 39
22.07
28.83
97.29
173. 26
21.34
45.04
133. 90
21.22
29.36
95.86
170. 32
21.40
73.8
85.6
106. 0
78. 7
71.2
2ft. 9
92.9
109.2
132.8
104.4
87.8
29.1
83.0
97.3
118.1
92.7
80.6
25.4
73.3
84.8
104.1
80.0
75.1
76.1
87.2
105. 9
84.2
80.1
24.4
77.5
89. 1
109.5
85.3
80. 3
24.3
80.9
93.7
116.5
89.6
81.0
27.0
81.4
94.6
119.5
90.1
80.2
27.4
82.1
95.8
120.2
89.9
79.0
27.8
58.9
52.0
48.8
51.4
50.4
51.0
53.6
94.3
83.8
78. 7 i
84.0
84. 3
87.4
90.0
320, 860
15,191
320. 91.'!
472, 742
20, 728
591, 703
24, 006
876, 452
37, 022
6,231
14,2h-,
613,194
26, 545
403, 344 j 3S3. 348
18, 555 j 19, 169
264,352
' " —
270,47]
10, 42(i
505,193
18, 522
763, 481
29, 040
596,806
519,360
16, 206
336.505 [ 318.750
13. 688
13,481
11,941
14, 4S4
20, 893
18,400 I 13,295
40, 70e
1,454
41,492
1, 453
42, 674
1, 453
41,848
1, 457
41,891
1,455
5.6
4.7
5.6
4.8
5.7
5.6
5.5
4.7
5. 5
4.4
5.8
5.5
5.4
4.3
5. 5
4.2
5.7
5.3
5.6
4.3
5.7
4. 1
6.0
5.8
5.7
4.3
5.7
4.2
5.9
6.2
,134,340
51,103
1,438,207
69, 494
560, 465
964, 608 1,242,999
54,517
37, 599
487,116
11,178
26, 696
38, 969
15,573
7,307
37,711
1, 463
46, 769
1,446
36, 547
1,447
3S.775
1,450
39, 992
1, 454
6.4
4.8
6.6
4.4
6.7
6.3
4.6
4.1
4.5
4.3
5.3
4.8
6.1
5.2
6.1
4.9
6.3
6.3
4.8
5.9
4.5
5.7
5.7
4.94
4.92
5.07
5.26
5.6
4.7
5.7
4.5
4.99
80.4 I
94.0 !
118.7 I
87.3 I
77.6 I
26.4 I
80.5
93.7
118.0
87.1
78.0
27.7
55.6
55.8 I
55.9
53.8 ;
53.7
93.9
94.3 I
95.1 i
90.5 I
91.1
4.94
23,744 I 20,064
40,280
1,455
4.87
5.9
4.4 !
6.0 i
4.2 I
76.0
87.9 I
88.2
109.5 j 109.8
*2. 0
81.9 !
74. 6 ! 74. 5
26. 6
26 4 I
10,111
71
39, 398 ! 39, 696
1,455
1,457
6.0
4. 5
6.2
4.3
j
I
j
i
G. 1
4. 5
6.2
6.0
6.2
6. 1 I
6.2 I
6.2
6.2
4.82
4.90 !
4.92
Stockholders (Common Stock)
American'Tel. & Tel. Co., total
Foreign
Pennsylvania Railroad Co., total
Foreign.
U. S. Steel Corporation, total
Foreign
Shares held b y brokers
numberdo...
do...
do
do...
do...
percent of total.
§Formerly Standard Statistics Co., Inc.
632, 39S
6, 544
',679
2. 746
165. 193
2. 745
631,343
6,451
206,907 !
161,553
2, 706
27. 48
I
630, 812
6,404
205,883
2,724
160,676 L .
2,749 i
27.37 I
630, 366
5. 742
204. 776
1,680
! 164,687
; 2,664
I 26.00
37
SURVEY OF CURRENT BUSINESS
Juno 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1940
April
June
May
FOREIGN
INDEXES
Exports:
Total: Value, unadjusted
1923-25=100-.
Value, adjusted,.
do
U. S. merchandise, unadjusted:
Quantity.
do
Value
.
do
Unit value.
do
Imports:
Total: Value, unadjusted
do..-.
Value, adjusted
do
Imports for consumption, unadjusted:
Quantity
.
1923-25=100..
Value
.
„
do
Unit value
.do
Agricultural products, quantity:
Exports, domestic, totakf
Unadjusted
1924-29 =-100. _
Adjusted
.
do
Total, excluding cotton:
Unadjusted
do
Adjusted
do
Imports for consumption:*
Unadjusted
___
.
do
Adjusted
do
VALUE §
Exports, total, incl. r e e x p o r t s . . . . t h o u s . of dol__
B y grand divisions and countries:
Africa
.
do
Asia and Oceania
do
Japan
do
Europe
.do
France
.
-..._
do
Germany
do
Italy
do
United Kingdom
..do
North America, northern
..do
Canada
do
N o r t h America, southern
do
Mexico
do
South America
„
...do
Argentina
.do
Brazil
do
Chile....
do
U . S . merchandise, b y economic classes:
Total
thous. of d o l . .
Crude materials
.do
Cotton, unmanufactured.
.do
Foodstuffs, total
do
Crude foodstuffs
.do
Mfd. foodstuffs and beverages
do
Fruits and preparations
do
Meats and fats
_do_._.
Wheat and flour
....
do
Semimanufactures.
do
Finished manufactures
.....do
Autos and parts
_._
...do
Gasoline,.
do
Machinery..
do
General imports, total
do
By grand divisions and countries:
Africa
.
do
Asia and Oceania.
.do
Japan
.do
Europe
.
do
France
do
Germany
do
Italy
._
..do
United Kingdom
___
do
N o r t h America, northern
do
Canada
do
N o r t h America, southern
___.do
Mexico
____do-._South America
do
Argentina
do
Brazil
.do
Chile
...do
Imports for consumption, total
do
B y economic classes:
Crude materials
do
Crude foodstuffs
.
do
Mfd. foodstuffs and beverages
...do
Semimanufactures.-.
do
Finished manufactures.
do
123
85
69
124
85
105
64
61
August
DecemOctober November
ber
January
February
March
TRADE—Continued
92
104
85
90
July
1941
September
65
64
92
68
65
69
106
64
60
109
64
59
83
95
92
100
78
74
91
74
75
85
80
84
126
84
67
135
92
115
77
68
136
90
67
127
86
126
85
67
60
63
64
63
69
69
106
61
58
117
67
57
120
68
57
72
78
115
68
59
114
67
59
80
94
93
124
85
69
117
80
138
94
68
78
79
71
70
72
73
130
75
57
120
70
58
118
68
58
83
75
133
80
60
24
27
33
36
29
101
97
102
95
101
350,458
111
120
112
118
102
118
118
122
129
317, 015 349, 928 295, 245 343, 485 327,685
131
131
137
132
135
131
141
125
322, 257 325, 355 303, 413 357, 233
324, 008
325,
13, 944
53, 220
15, 271
140,240
45,990
35
9,240
53,339
55,136
54,373
25, 249
6.624
36, 219
8,326
10, 360
3,066
12, 545
57, 898
13, 721
124, 527
39,350
70
13, 234
49, 822
62, 738
61, 877
27, 265
7,472
40, 332
10, 770
10, 384
316, 520
40, 886
21,086
22,058
6,314
15, 744
3,927
2,762
3,381
65,810
187, 766
19,493
5,364
62, 864
212, 240
318,051
40,277
13, 526
14, 965
4,005
10,960
1,608
2,056
1,993
74,490
188, 319
21,337
6,110
58, 422
211, 382
7,958
77, 883
8, 760
40,883
4,220
357
4,953
12, 748
30,475
29, 778
25, 993
6,652
29,048
5,084
7,079
7,012
202, 974
8,052
10, 203
8, 739 11,593
9,209
14,849
9,714
13,663
12, 581
13,191
11,901
70,057
91,417
89, 698 106, 303
72,720
86, 645 90,795
86, 220 89, 844 93, 250 105,823
10,
391
8,127
10, 488
9,283
8,972
13, 362 13, 277 11,124
18, 361 21, 676 14,033
17, 941 26,100
38, 215 35, 876 32, 303 26, 566 15, 762 18, 330 24,600
26,187 20,119
493
635
672
5,351
3,222
1,751
655
267
415
1,301
1,870
531
717
295
231
251
183
231
576
183
201
231
25
39
20
4,210
116
84
23
4,053
802
158
74
9,742
9,443
12, 583
12,115
15, 426 20, 299 13, 280
9,263
9,873 10, 428 13,610
36,
586
35,
428
38,
592
36, 917 37, 802 39, 852 41,029
40, 569 39,163
43,619
44,122
35, 486 34, 287 37, 834
36,180
37,164
37, 976 39,467
39,197
38,050
42, 533 41,913
25, 797 28,491
24, 585 19, 571 14,722
16, 440 14, 884 15, 782 24, 474 28, 072 33,948
7,743
8,936
6,889
7,516
10, 330
6,986
3,876
5,769
6,330
5,105
4,811
46, 837 53, 825 51, 246
32, 344 27, 292 34,024
30, 355 25,075
33, 650 33, 383 48,024
11,186
12, 624
11,732
5,175
5,067
4,743
5,170
6,902 11,613
3,648
5,010
9,004
11, 644 15, 383 13, 295
9,282
8,396
9,340 12, 711
7,579
7,122
9,904
7,917
9, 139
8,583
4,999
6,709
6,143
6,372
4,435
3,590
5,164
6,378
203, 702 205, 397 217,828 214,106 196, 312 213,133 217,175 238, 275 223, 595 216, 623 254, 553
78,125
25, 052
24,539
42, 447
32,810
306
3,694
70, 866
26,095
27,215
43,337
36,189
12, 325 12, 243
53, 755 59,146
15,421
15, 364
144,813 122, 837
47,237
206
0
(•)
1,603
16
77,868 108,368
67, 679 64,486
66, 796 63,494
26,924
24,163
6,536
7,110
44,961
34,139
14, 759 10,650
10, 641
7,205
4,244
3,110
344, 444 312, 337
33, 589 31, 987
8,295
7,861
17, 758 20,407
7,706
6,480
11, 278 12, 701
1,538
2,209
3,151
1,764
2,593
1,536
75, 545
76,310
216,787 184,398
17, 661 13,964
3,966
6,332
54,496
48, 292
211,390 232,258
70,511
23, 642
31, 275
45,146
34,823
85, 231
24,924
22, 567
45, 414
39,691
16,624
12, 615 14, 094 15, 613 16,945
48,405
66,957
59,734
55,894 60, 405
17, 778 26,195
19,343
25,188
16,443
143, 754 113, 523 122, 003 118, 695 116,329
72
8
89
()
C)
0
0
(a)
()
2
90
12
6
3
9
125, 309 103,361 107, 597 102, 375 101, 253
77,886
71, 800 64,626
65, 609 63, 266
63, 252 76, 682 64, 262 62,439
70,707
31, 556 33, 792 33,807
27, 888 25,673
7,697
10,051
7,198
9,772 10,554
28,923
29, 471 36, 749 31,824
34,137
6,267
5,151
10,170
5,920
4,734
6,753
7,176
7,522
10,807
10,046
2,976
3,389
3,543
4,081
3,360
341, 924 288, 270 336,165 321, 275 315,323
24,161
22, 724 29,188
24, 600 20,453
3,640
5,138
10, 541
6,417
7,703
19,170
15,331
14, 650 13,719
18,360
5,819
4,974
3,488
3,603
7,528
10, 231
13, 351 10,357
11,047
10,832
2,638
2,386
1,813
1,974
2,362
1,837
1,710
1,729
1,859
1,754
1,686
2,237
2,153
2,703
2,946
96, 863 78, 575 81, 421 70, 651 67,154
201,730 171,639 207,195 211,373 213,997
15, 645 15, 735 22,531
26, 828 24,470
5,950
4,365
4,422
5,827
6,897
56,813
52,658
61,046
62,873 63,327
220, 217 194,928 207,141 223, 430 253,099
88, 495
21,515
20, 588
50, 342
33,166
80,113
18,098
19,026
46, 510
32, 565
88, 904
22, 625
21,176
46,045
34, 383
93,838 110,375
22,695
25, 931
22, 444 19, 435
44, 383 52,009
30, 524
33,816
22, 047
54, 876
11,588
126, 772
1
8
19, 954 35,121
59, 498 64, 753
11, 108 10,112
96, 336 113, 233
1,329
375
0
(a)
77, 269 95, 509
65, 233 69, 898
116,631
68, 616
62, 449 64,419
33, 010 37, 200
61,886
9,824
11, 745
30, 022
29, 381 37, 028
8,507
5,223
6,400
29,188
8,843
11, 992
5,300
3,249
4,463
9,216
2,955
317,953 298, 273 350, 446
15, 234 19, 658
16,092
3,800
5, 862
3,120
13, 746 16, 010 16, 793
2,841
4,262
2,887
12, 531
10, 859 13,169
2,098
1,933
1, 944
2,495
3,317
2,048
2,103
3,030
1,530
69, 989 56, 973 60, 644
218,126 210, 056 253, 684
25, 379 24, 028 29, 084
4,250
3,733
6,101
60, 993 54, 426 61, 604
228, 636 233, 702 267, 784
97,633
30,291
20, 552
47,131
27,988
91, 805 106, 674
32, 892
31,211
22, 940 26, 652
42, 208 57, 936
28, 458 30, 399
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
9,961
9,588
9,632
9,837
9,528
9,415
10, 624
10,542
10,055
12,701
10,032
Operating revenue
thous. of dol..
75
61
71
67
82
77
82
87
78
Operating income
..do
Local Transit Lines
7. 8253
7.8253
7. 8253
7. 8253
7. 8253
7. 8253
7. 8253
7. 8253
7. 8253
7. 8253
7. 8253
7.8253
7.8253
Fares, average, cash ratef
cents.. 847,071
797, 619 810, 833 752, 776 724, 390 726,151 762,107 830, 741 801, 646 860, 704 837, 903 777, 294 864, 644
Passengers carried!
thousands..
55, 935
57, 872
53, 574
54, 097
58, 452
59,139
60, 542
58,489
56, 220
61,192
62,623
59, 579
Operating
thous. of dol..
• Less revenues
than $500.
tRevised series. Data on fares revised beginning August 1936; see p. 45 o( the July 1940 Survey. Passengers carried revised beginning January 1938; see table 13, p. 18 of
the March 1941 issue. Indexes of agricultural exports have been revised to a new base. Earlier monthly data will be shown in a subsequent issue.
•New series. Data beginning 1915 for indexes of agricultural imports will be shown in a subsequent issue.
§Data for 1939 revised; see tables 14 and 15, pp. 17 and 18 of the April 1941 issue.
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to (he sources of the data, may be found in the
1940 Supplement to the Surrey
1941
1940
1941
April
June 1941
April
June
May
July
August
Novem- DecemSepber
tember October
ber
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
i
1
TRANSPORTATION—Continued
Class I Steam Railways
Freight carloadings (Federal Reserve indexes):
Combined index, unadjusted... 1923-25=100
Coal
do...
Coke
do...
Forest products
do..„
Grains and grain products
do,..
Livestock
do...
Merchandise, 1. c. 1
do...
Ore
do...
Miscellaneous
do...
Combined index, adjusted
do...
Coal
do.__
Coke
do_._
Forest products
do...
Grains and grain products
do...
Livestock
do...
Merchandise, 1. c. 1..
do...
Ore.
do...
Miscellaneous
do...
Freight-car loadings (A. A. R.):1
Total cars.
thousands.
Coal
do...
Coke
do
Forest products
do...
Grains and grain products
do...
Livestock
do...
Merchandise, 1. c. 1
do...
Ore
...do...
Miscellaneous
do...
Freight-car surplus, total
do...
Box cars
do...
Coal cars
do...
Financial operations:
Operating revenues, total
thous. of dol
Freight
do...
Passenger.
do...
Operating expenses.
do...
Taxes, joint facility and equip, rents*_..do...
Net railway operating income
do...
Net income
do.. Operating results:
Freight carried 1 mile....
mil. of tons
Revenue per ton-mile
cents
Passengers carried 1 mile
millions
Financial operations, adjusted:*
Operating revenues, total
mil. of dol
Freight
do._.
Passenger
do...
Railway expenses
do...
Net railway operating income
do...
Net income
do. _.
Waterway Traffic
Canals:
Cape Cod
thous. of shGrt tons.
New York State
do...
Panama, total
thous. of long tons.
In U. S. vessels
do...
St. Lawrence
thous. of short tons.
Sault Ste. Marie
do...
Welland
do...
Rivers:
Allegheny
do...
Mississippi (Government barges only).do...
Monongahela
do. _ _
Ohio (Pittsburgh district)
do...
Clearances, vessels in foreign trade:
Total, U. S. ports
thous. of net tons.
Foreign
do.__
United States
do...
74
26
78
55
73
34
65
148
100
79
31
93
54
82
37
65
361
97
2,794
163
38
159
136
46
648
214
1,390
190
31
139
67
63
62
44
70
34
f0
42
76
70
75
73
43
79
37
59
102
74
71
67
70
47
66
34
60
134
80
72
78
73
45
74
38
60
96
77
75
69
85
48
73
31
60
170
85
75
81
91
45
74
38
60
100
82
77
70
89
46
110
31
60
182
82
75
83
105
46
80
35
61
96
80
2,713
470
33
134
126
47
597
195
1,112
154
69
56
3,535
600
50
171
164
52
725
326
1,446
126
54
43
2,826
474
41
127
203
41
570
275
1,095
133
57
47
343, 362
284, 634
29. 742
252, 803
43, 483
47, 077
<* 9, 261
3,843
344,813
280,660
35, 936
252, 462
44, 932
47, 419
7,050
366. 078
300,658
37, 732
261, 999
46, 974
57,104
16, 042
«" 2, 495
'446
30
129
131
45
595
59
' 1, 061
163
67
66
375,008 321, 567
305, 230 265, 246
38, 348 29, 956
274,938 245, 878
47, 501 41, 799
52, 569 34,121
(0
0
2,057
1,080
308
7, 865
664
186
159
563
653
86
83
94
56
89
54
64
185
94
77
80
99
51
79
42
61
106
84
86
72
97
57
81
b3
64
173
100
77
65
97
55
81
45
62
117
89
84
83
104
55
73
52
63
105
95
83
76
104
56
78
43
62
192
94
77
83
108
50
66
39
61
33
88
84
74
99
59
77
40
63
134
97
78
86
113
53
68
35
60
33
87
86
75
96
60
76
36
63
149
102
79
89
119
54
65
31
62
33
89
86
75
89
56
71
38
65
138
104
83
91
114
54
74
31
64
36
95
87
86
109
53
80
38
64
146
3,135
562
44
157
160
69
606
279
1,260
75
33
24
3 269
505
47
167
154
86
636
274
1,400
88
27
45
3,780
695
61
193
166
86
752
213
1,614
96
33
42
2,718
560
50
141
118
50
578
49
1,171
129
45
57
2,737
577
53
144
123
47
569
50
1,174
110
43
42
2,824
605
56
154
116
41
597
51
1,204
87
32
31
3,818
818
70
197
172
52
797
69
1, 643
71
26
23
381, 427 382, 603
310, 645 316,125
40, 974 36, 094
267, 505 260,179
47, 907 48, 231
66, 015 74, 193
21, 725 30, 733
413, 590
348,169
33, 465
276, 717
49, 885
86, 988
42, 654
364
204
244
455
810
099
809
381, 792
308, 350
40,840
266,134
36, 867
78, 791
51,078
377, 374
309, 580
40,159
268,969
46,048
62, 357
19, 705
358, 413
296,146
36, 511
255,590
44,344
58, 479
14, 964
416,319
346, 633
40,030
283, 329
52, 363
80.627
35, 256
61
178
83
76
85
108
49
74
38
61
96
3 718
657
54
186
208
62
755
347
1,449
104
51
30
375,
315,
31,
259,
44,
71,
30,
29, 903
.964
1, 691
33, 086
.927
1,699
32, 908
.930
2,060
33, 713
.963
2,244
36, 398
.926
2, 180
37, 058
.923
2,144
38, 614
.965
1,922
35, 949
.949
1,772
34,904
.953
2,312
36,063
.885
2,216
34,182
.899
2,029
40, 577
328.3
269.9
32.4
289.0
39.3
d 1.9
341.8
281.4
32.5
290.4
51.3
9.5
359.8
297.2
34.8
299.5
60.2
18.4
356.3
293.8
33.8
302.7
53.6
11.9
36 i. 8
293. 4
36.7
307.7 6
5' . 2
14.9
376.9
312.9
34.6
309.5
67.4
25.3
363.0
298.3
35.0
311.5
51.5
8.3
379.0
314.3
34.9
311.7
67.3
24.9
400.8
333.3
37.6
315.8
84.0
42.8
389.3
320.7
38.6
315.9
73.4
32.1
402.4
332. 5
40.1
318.6
83.8
42.8
417.0
344.5
42.7
334.2
572
0
2, 081
1,042
268
1,278
449
665
2,319
1,358
1,057
12, 250
2,051
647
1,789
898
1, 055
13, 455
1,913
779
2,285
1.075
1. 123
13, 842
1,832
0)
0)
648
2,304
1,101
992
13, 003
1,616
804
2,418
1,133
1,070
12, 971
1,491
599
2,062
1,127
893
8,642
1,529
0
2,129
1,134
13
704
210
0
1,966
1,102
0
0
0
0)
0
1,827
968
0
0
0
0)
(.25
2, 418
1, 202
1, 008
13,713
1,820
302
164
1,984
1,208
475
246
2,603
1,560
469
204
2,687
1,552
399
198
2,681
1,474
501
212
2,679
1,412
423
192
2,585
1,396
437
181
2,935
1,603
307
142
2,792
1,468
211
115
2,969
1,545
215
105
2,810
1,581
187
100
2,532
1,424
213
r
127
2,907
1,587
4, 759
3, 078
1,680
5,845
3,751
2,094
5,915
3,908
2,007
6,340
4,241
2,099
6, 331
4, 307
2,024
5,405
3,727
1,678
5,433
3,679
1,753
5,040
3,376
1,664
3,840
2,544
1,296
3,839
2,653
1,186
3,636
2,319
1,317
3,981
2,532
1,449
0)
0)
(0
(0
(0
0)
(0
82.9
0
1,911
1,027
0
0
0
Travel
Operations on scheduled airlines:
8, 332
9,549
9,267
10,084
Miles
flown
...thous. of miles
10,121
10,223
9,573
10,635
9,142
8,786
8,890
9, 953
871,317 941,810 981, 884 1,056,999 1,201,999 1,184,249 1,329,843 1,205,261 1,323,615 1,113,002 1,109,352 1,214,817
Express carried
pounds..
224,852 258,451 286, 272 296, 539 320,990 310,293 334,386 239, 858 202, 859 197, 854 >• 218,163 245. 924
Passengers carried
number
88,062 100,044 110, 840 112,377 121, 602 118,534 125, 924
Passenger-miles
flown
thous. of miles..
90,697
78, 387
78, 340 r 84, 640
96, 662
Hotels:
3.47
3.40
3.27
3.10
3.19
Average sale per occupied room
dollars._
3.35
3.39
3.47
3.c9
3.26
3.32
3.24
3.24
66
62
69
66
Rooms occupied
percent of total..
60
64
67
57
70
69
64
69
68
104
109
95
Restaurant sales index
1929=100..
88
96
103
95
100
99
94
1C0
97
Foreign travel:
16,067
17, 254
15,692
8,422
U. S. citizens, arrivals
number..
8,546
12,905 ! 16, 603
11,308
13,148
19, 818
16,244
16,410
8,688
12, 354
10,960
U. S. citizens, departures
do..
9,692
15, 569
6,862
7,626
19, 726
7,868
11,948
1,192
1,110
Emigrants
do..
993
1,189
1,641
1,317
1,648
1,777
1,681
920
1,310
6,923
4,125
4,812
Immigrants
do..
4,298
4,824
4,861
3,833
3,765
3,133
3,612
6,186
2,109
2,435
2,926
2,848
Passports issued
do...
3, 015
1,628
1,913
1,503
1,820
1,943
2,511
2,897
2,604
National Parks:
190,150 122,470 259,368 j539, 769 927,757 933,783 497,149 252, 788
92, 746
Visitors
do..
60,475
83,296 100, 237 115,911
Automobiles
do._
58, 916 ' 38,534 77,869 I 166, 667 257,109 258,125 149,214
79,194
28,997
18, 335
27, 925
33, 521
23, 544
Pullman Co.:
635, 802 570,836 i 685,427 702,186 718,140 702,104 684,932 578,257 734,016 879,883 791, 221 925, 694
Revenue passenger-miles
_.thousands
4,170
4,749 i 4,277
4,263
Passenger revenues
thous. of dol
4,402
4,235
4,381
3,738
4,646
4; 974
5,621
5,529
«• Revised. * Deficit.
1 Data temporarily discontinued by reporting source.
^Data for June, August, and November, 1940 and March 1941, are for 5 weeks; other months, 4 weeks.
•New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16, of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data not shown in
the September 1940 and subsequent issues of the Survey may be obtained by deducting operating expenses and net railway operating income from operating revenues.
39
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1941
1940
April
May
June
July
August
September
Decem- January FebruOctober Novemary
ber
ber
March
TRANSPORTATION AND COMMUNICATIONS—Continued
COMMUNICATIONS
Telephone carriers:
Operating revenues
..thous. of doL.
Station revenues
do
Tolls, message
do
Operating expenses-.
do
Net operating income
do
Phones in service, end of month..thousands-Telegraph and cable carriers:!
Operating revenues, totalf
thous. of dol..
Telegraph carriers, total
„
do
Western Union Telegraph Co., revenues
from cable operations
thous. of doL.
C able carriers
do
Operating expenses!
. . . . do
Operating incomet
do
Net incomet
do
Radiotelegraph carriers, operating revenues
thous. of doL-
107,155 108, 603 106, 063 106, 593 107, 350 107,852 113,087 110, 544 114,761 114,684 111,219 116,883
70,469 71, 007 69, 741 68,972 68, 749 70,117 73, 025 72,118 73,979 74,214 72, 752 74,585
27,859
28, 693 27, 424 28,636 29, 722 28, 781 31, 034 29, 343 31,471 31,077
29, 250 32, 975
69, 842 71,950 68,995 71,850 70,885 69,711
72,841
77,106 75, 650 73, 934 70,648 73, 403
22, 998 22, 974 24, 891
22,135 21, 391 18,404 19,204 20,560 16,174
23,004
17,933 21,988
19,833
19, 334 19,446
18, 992 19, 089 19,108 19,138
19,211
19, 547 19,670
19, 966 20,107
10,661
11, 586
10, 565
11,116
10,198
10, 773
9,906
10,969
10,188
10, 648
9,882
11,442
10, 622
10, 642
9,872
12, 557
11, 654
11,182
10, 294
594
973
9,321
641
145
661
1,022
9,816
1,035
397
569
918
9,621
759
466
543
867
9,873
204
<*293
433
781
9,783
443
415
766
9,409
503
94
441
821
9,695
1,012
536
424
770
9,498
465
540
903
10,586
1,291
872
494
888
9.821
614
96
10,667
9, 832
451
835
9,290
667
202
1,116
1,239
1,177
1,149
1,083
1,110
1,267
1,179
1,348
1,290
1,253
11,961
10,982
525
980
9, 884
1, 303
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption-..
thous. of wine gaL.
Production
do
Stocks, end of month
do
Alcohol, ethyl:
Production
thous. of proof gaL.
Stocks, warehoused, end of month
do
Withdrawn for denaturing
do
Withdrawn, tax paid
do
Methanol:
Exports, refined
gallons..
Price, refined, wholesale (N. Y.).dol. per gaL.
Production:
Crude (wood distilled)
thous. of gaL_
Synthetic
do
Explosives, shipments
thous. of lb_.
Sulphur production (quarterly):
Louisiana
long tons_.
Texas
do
Sulphuric acid (fertilizer manufacturers):
Consumed in production of fertilizer
short tons..
Price, wholesale, 66°, at works
dol. per short ton._
Production
short tons. Purchases:
From fertilizer manufacturers
do
From others
do
Shipments:
To fertilizer manufacturers
do
To others
do
Stocks, end of month
do
12,451
12, 654
1,511
9,791
9,994
1,591
10,037
10,037
1,586
9,625
9,707
1,662
9,497
10,443
2,605
11,195
11,510
2,919
14,157
13, 694
2,445
15, 566
15,098
1,975
13, 544
13,158
1,586
12, 441
12,215
1,360
10,499
10, 610
1,468
10, 558
10,556
1,465
13,339
13,192
1,313
26, 248
11,330
22,789
2,449
20, 218
20,957
17, 610
2,035
20, 948
21, 921
17, 752
1,782
21,423
21, 799
17,490
3,380
22,457
22, 393
19, 621
2,020
24, 094
23,645
20,918
1,424
21, 559
18, 480
24, 218
2,045
23, 350
13,471
25, 552
2,357
23,354
10,027
23,110
2,959
23, 762
9,503
22,056
2,128
24, 224
11,963
19, 434
1,742
22,030
12,166
19,070
.1, 766
21.702
11,127
23, 705
2,735
.34
35, 725
.34
21, 932
.34
53, 341
.34
74, 295 228, 961 198, 332 162, 302 191, 739 267,077
.34
.34
.34
.34
.34
.34
14,283
.34
102. 711
.34
94,467
.34
31,986
442
3,486
32, 204
437
3,409
34,475
426
3,426
32,877
390
3,852
33,340
450
3,420
36,080
435
3,171
33,631
455
3,673
35, 722
408
3,788
35, 036
149,995
525,157
16.50
16.50
192, 846 191, 643
16.50
463
4,408
37, 740
4,440
34, 444
137,445
573, 421
484
3,913
33, 461
103, 675
567,698
138,880
153, 215 140, 444 169,878
179, 677 178,193
184,149
16.50
16.50
16.50
16.50
180, 553 194, 664 193, 243 222,476
16.50
16.50
216, 290 223,131
16.50
16.50
221, 788 226,069
140, 272 143, 742 137, 321 134,050
16. 50
366
3,549
37,180
11,991
27, 618
15, 692
27, 330
18, 013
36,029
24,133
32, 517
32, 533
58. 061
94, 820
37, 371
59,090
89, 282
34,534
57, 344
90,971
44, 063
55, 433
94, 628
33, 220 22, 941
36,184 32, 732
45, 680 42, 582 48, 635 43,014 36, 377
60, 923 59, 393 65, 817 57, 475 74, 927
91, 732 103, 532 105, 557 110, 939 100, 246
30, 782
31,476
33, 813
27,163
38, 361
25, 518
162, 306 177, 376
16.50
234,026
32, 570
38, 659
26, 343
25,650
25, 309
83,008
36,116
81,591
91,407
37,311
69, 514
100, 338
39,082
78,095
98,151
FERTILIZERS
•Consumption, Southern States
thous. of short tons..
1,390
Exports, total§
long tons.
Nitrogenous§
do -..
Phosphate rnaterials§
do...
Prepared fertilizers
do...
Imports, total§
do... 120,330
Nitrogenous, total
do. _. 106,737
Nitrate of soda
,
do
89, 565
Phosphates
do
3,551
Potash§
do
1,891
Price, wholesale, nitrate of soda, 95 percent
1,470
(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), bulkt
dol. per 1001b..
Receipts, net, 3 ports
bbl. (5001b.)
Stocks, 3 ports, end of month
do..
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal. _
Receipts, net, 3 ports
bbl. (50gal.).._
Stocks, 3 ports, end of month
do,
1.87
329
1,125
65, 798 108, 207
20,053 20,485
43,167 80, 484
748
544
144, 702 146, 797
118, 515 97, 020
89, 679 79,299
600
1,228
19, 553 30,197
1.450
6,548
1.450
7,521
338,482 339, 736
221,376 133,372
834, 900 906, 650
122
72
142
189
105
61
182
518
90,061 122, 837 178,474 144,348 148,135 116,416 136,581 109, 654
15, 379 21,021
9,336
30,321
29, 729 15, 773 15,891 16,486
66, 619 86, 672 128, 907 100, 713 111, 936 88, 409 112,063 87, 698
1,003
372
630
428
465
881
536
330
99, 002 117, 250 89,891
71,038 68,208 63, 852 62, 706 87,115
83, 707 109,618
75, 542 61, 456 63, 090 56, 362 50,245 81, 085
62,598 82, 342 52, 703 37,610 34, 822 28,478 27, 718 34,332
3,386
3,136
3,394
2,112
9
637
364
3,179
10,349
8,829
2,765
3
7,441
5,625
7,787
7,903
1.450
27,054
.28
9,429
50, 704
1.450
37, 998
1.450
51, 213
1.470
46,003
1.470
51,644
1.470
36, 833
1.470
51, 502
327,169 323, 567 361,387 327,117 404, 467 398, 341 425,118 408,192
61,120 27, 584 45,389 130, 823 98, 210 45,649 43,192 55, 997
945, 712 1,010,047 1,091,183 1,135,178 1,201,715 1,244,655 1,285,408 1.264,881
1.96
1.76
2.13
26, 679 37, 792 43,411
522,133 516, 741 529,416
.29
6,584
51, 215
1.450
39,212
.26
11,302
53,345
1.42
1.69
1.61
46,132 48,389
40,190
519, 556 524, 212 522,181
.27
12, 340
54,488
.28
11,496
55, 809
.31
9,762
51, 053
1.87
1.67
39,820 35,018
528, 065 542,091
.35
8,364
44, 961
.39
7,793
44,488
1,365
762
94,316 90,255
10,674
11,031
76, 333 74,162
686
498
95,474 152, 323
134,290
92, 203
40, 254 84,337
1,086
353
14,110
1,436
1, 470
1.470
35, 536 29, 802
384, 548
110,438
1,202,767
1.72
1.73
1.65
34,098
17,906 11,941
561, 241 560, 045 542,446
1.78
.42
3,027
35,421
.39
.38
6,986
40,016
.39
2,158
33,906
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (quarterly):
Animal fats:
231,581
235, 774
Consumption, factory
thous. of lb.
610,030
508,543
Production
do...
Stocks, end of quarter
.do...
633, 821
557, 921
Greases:
89,978
82,409
Consumption, factory
.do._.
109, 979
104,520
Production
do
121, 217
Stocks, end of quarter
do...
122, 330
d
Deficit.
tRevised series. Data for telegraph and cable carriers revised to exclude data for radiotelegraph carriers; for revised data beginning
, ber 1940 Survey. Wholesale price of gum rosin revised beginning 1919; see table 3, p. 17 of the January 1941 Survey.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
269, 361
672, r~~
600,347
291,452
617, 500
623,896
98,639
126, 451
134,002
104,910
120, 557
130,401
1934, see table 48, p. 16 of the Novem-
40
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the April
1940 Supplement to the Survey
June 1941
1941
1940
April
May
September
Novem- DecemOctober
ber
ber
287,998
52, 880
296,179
48,144
332, 320
53, 700
355, 698
46, 417
47,402
5,843
166, 507
43, 958
42,816
174, 462
51,818
91, 722
199, 458
45, 542
j 15,846
157,223
j June
July
August
I
CHEMICALS AND ALLIED PRODUCTS—Continued
January
February
March
OILS, FATS, AND BYPRODUCTS-Con.
Animal, including fish oils (quarterly)—Con.
Shortenings and compounds:
Production
thous. of lb_.
Stocks, end of quarter
..do
Fish oils:
Consumption, factory
do
Production-.,
do
Stocks, end of quarter
do
Vegetable oils, total:
Consumption, crude, factory (quarterly)
mil. oflb..
Exports
.thous. of lb_.
Imports, total§_
do_._.
Paint oils
do
All other vegetable oils§
do
Production (quarterly)
_mil. oflb..
Stocks, end of quarter:
Crude
-.do
Refined
do
Copra:
Consumption, factory (quarterly).short tons..
Imports
do
Stocks, end of quarter
do....
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of lb_Refined (quarterly)
do
In oleomargarine
do
Imports§
.do
Production (quarterly):
Crude
do
Refined
do
Stocks, end of quarter:
Crude, -do
Refined
do
Cottonseed:
Consumption (crush)...thous. of short tons..
Receipts at mills
do-.Stocks at mills, end of month
do-_Cottonseed cake and meal:
Exports§
...short tons..
Production
do
Stocks at mills, end of month
do
Cottonseed oil, crude:
Production
thous. of lb..
Stocks, end of month
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
.do
In oleomargarine
do
Price, wholesale, summer, yellow, prime
(N. Y.)
.
__.-dol. p e r l b Production
.-thous. of lb-_
Stocks, end of month
do
Flaxseed:
Imports
.thous. of bu_.
Minneapolis:
Receipts
do
Shipments
do
Stocks
do....
Duluth:
Receipts.
do
Shipments
do
Stocks
do
Oil mills (quarterly):
Consumption
do
Stocks, end of quarter
do
Price, wholesale, No. 1 (Mpls.).-dol. per bu_.
Production (crop estimate)
thous. of bu_.
Linseed cake and meal:
E xpor ts§
do
Shipments from Minneapolis
do
Linseed oil:
Consumption, factory (quarterly)
do
Price, wholesale (N. Y.)
dol. per lb_.
Production (quarterly)
thous. of lb_Shipments from Minneapolis
do
Stocks at factory, end of quarter
do
Oleomargarine:
Consumption (tax-paid withdrawals)% do--..
Price, wholesale, standard, uncolored (Chicago)
dol. per lb._
Production?
thous. of lb._
Vegetable shortenings:
Price, wholesale, tierces (Chi.)____dol. per lb_
82,135
4, 536
77, 599
9,178
66, 051
1, 388
64,, 663
8,804
71,149
11,944
59, 205
756
8,648
78, 214
15, 791
62, 424
558
622
10, 245
96, 629
19,533
77,096
11,695
71,854
10,839
64,015
713
684
18,672
18,932
27,606
41,155
3,084
34,977
2,527
18,150
17,454
46,933
146,156
58, 492
1,575
26, 729
19,137
2(1, 578
1,261
36, 659
1,180
26, 286
202, 239
15, 083
173
28
172
116
132, 635 83,402
256, 255 151,995
102,196
128, 451
61, 574
142,833
57
23
63
42
18
40
31
52
47, 227 26,165
110,909
129,173
1
19, 566
79, 501
101
26
97
36, 438
98, 843
8,188
19, 396
66,134
14,123
37, 352
316,196
7,392
8,526
.060
.068
.064
51, 091
130, 692 97, 318 79,498
475, 849 640, 916 600, 480 553, 395
13, 383
64,460
6,027
58,433
7,290
54,366
1,300
53,066
737
452
87, 781
69, 451
305
91
403
57, 977
2,745
55,232
540
77
125
57, 579
11,980
29, 293
148, 245
56, 248
1,142
21, 684
73, 038
75, 920
209, 674
13, 772
353
599
333
1,012
9,318
68,389
1,625
66, 764
1,184
8,758
51, 320
1,239
50,081
37, 275
61,097
437
60, 660
914
637
935
570
26, 861
30, 584
1,464
36,157
1,664
34, 412
700
1,407
1,040
644
766
1,162
69, 664
27, 606
34, 797
150,410
52, 296
1,528
40, 224
1,096
12, 685
57, 672
4,626
53, 046
1,059
69, 423
20,199
34, 851
34, 294
16, 271
1,280
22,157
161, 405
61,126
1,296 I 1,424
25, 831
32,20'
87, 883
73, 938
86, 251
80, 703
242,973
14,123
209. 940
15, 550
458
225
844
373
147
617
40
140
138
91
140
185
54
36, 303 155, 320 312,138 286, 890 239, 375 248, 916 201, 822
95,
884
130,
714
153, 465 175, 700 215, 358 252, 947
57, 539
23,158 110, 592 224, 625 205,192 174,151 179,475 147,702
24, 267 80, 274 148, 288 182, 533 176, 626 176, 425 176,281
312,007
328, 495
9,956 11, 827 10,908
13,107
8,275
13,450
11, 626
6
165, 520
245, 634
544
657
1,276
.054
.057
.060
.056
.056
.059
45,862 34, 262 46,171 134, 368 158,418 168,517
493, 658 412, 564 348, 042 356,104 400, 259 458,335
560
361
1,076
!122, 833
'167,195
350,747
13, 142
.064
.071
.062
179,925 145,105 123, 772
484, 764 507, 248 505, 219
1,286
1,199
1,434
521
661
•528
24
704
1,093
1,482
1,285
1,223
643
139
2,743
176
132
1, 237
209
172
701
161
123
519
42
38
248
7, 307
1,180
2,816
5,813
347
7,073
1,226
234
7,363
388
452
6,232
407
251
5,410
476
71
4,739
414
133
3,952
718
74
193
168
619
56
0
170
180
78
53
0
130
63
183
10
1, 566
244
1, 333
2,293
1,691
1,935
517
674
1,778
537
2,042
277
61
220
118
168
11
275
159
1
434
1.50
6,943
7,038
1.48
1,021
22, 760
159
29, 440
6,637
1.93
2.11
1.97
3,148
1.78
30, 680
66,237
15, 280
21, 538
13, 760
1,926
10, 440
.107
.108
.105
"21," 600
13,626' " 14," 666
.111
56
18, 560
.092
4~ 350
1.47
1.59
10, 083
7,077
1.64
1
31,127
629
34,960
282
32,440
2
42, 920
1,512
44,400
101, 652
.084
.083
135, 389
U, 5 50" 16, 600 ~l6,"600
115, 135
.037
159
593
1.78
1.75
10, 228
4,159
1.80
34
,
30,760 I 27,800
100,837
106, 787
.088
.099
.095
.095
192, 185
196, 281
13, 250 10,850 "14,350" "14,950
18, 900
153,820
192, 850
24,150
19,517
22, 066
22,498
25, 719
29, 489
30,854
31,118
33,835
. 120
.120
27,411
24, 703
.120
19,870
.120
22, 021
21,' 6(14
.115
30,160
.115
30, 002
.115
32, 457
.118
34,030
21, soy
.120
28,103
.125
33,880
.095
.095
. 093
.115
26, 542
.090
.087
.088
.094
.094
.097
35
182
43
301
43
146
294
159
279
202
376
33,408
24,609
12,206
12,403
8,799
32, 538
24,013
12,177
11, 837
8,525
38, 541
28, 245
13, 752
14, 493
10,296
27, 582
.130
98,977
.099
128, 383
14, 450
132,881
1.58
3,620
.096
34, 328
PAINT SALES
Calcimines, plastic and cold-water paints:
247
202
140
150
342
272
193
213
218
302
Calcimines
thous. of dol.43
47
49
50
55
54
48
Plastic paints
.-..do
40
44
56
Cold-water paints:
138
207
199
183
193
181
158
234
242
270
In dry form_._
do
259
251
316
295
311
302
273
483
382
413
In paste form
do
Paint, varnish, lacquer, and fillers:
27,326
36,
271
34,991
37,
748
30,
795
34, 056
33, 937
50, 029 36, 206 41,722
Total
do
24,101
27, 347 22,819 20,472
26,552
29, 744 25, 828 24, 278 24,973
35,160
Classified, total
do
9,895
10, 502 12, 594 11, 336 10, 785
9,776
10,619
15, 246 10,972
11,051
Industrial
do
9,686
15, 580 18,693
19,914
16, 052 14, 383 14, 354 13, 599 14,753
11,483
Trade
do
6,854
9,836 10,401
9,654 11,978
14,869
10, 443
9,779
10, 018
7,976
Unclassified
do
a
1 December 1 estimate.
Less than 500 bushels.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April Survey.
^Production and consumption of oleomargarine revised beginning July 1939; see note marked "t" on p. 40 of the April 1941 Survey.
41
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1941
1940
April
May
June
July
August
September
DecemOctober November
ber
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption
thous. of lb_
Production
do _. .
Shipmentscf
do.. Cellulose-acetate sheets, rods, and tubes:
Consumption
thous. of lb_
Production
do. __
Shipments cf
do,_.
Moulding composition:
Production
do.__
Shipments J
do. _ .
212
770
850
168
899
955
168
890
970
1,093
1,113
247
1,096
1,136
207
1,061
1,131
183
1,109
1,068
185
1,167
1,112
10
702
649
6
634
562
565
408
7
773
784
826
755
9
983
944
5
934
1,037
867
733
6J7
837
871
682
897
777
1,423
1,342
1,709
1,501
1,926
1,783
1,606
1,410
1,435
1,317
2,707
734
1,076
897
2,982
827
1,166
3,484
1,012
1,293
1,179
3,947
1,138
1,358
1,451
4,254
1,147
1,370
1,737
3,006
174
852
848
171
18
558
490
951
904
230
1,132
1,145
249
1,308
1,233
441
502
10
465
373
1,632
1,584
1,879
1, 642
2, 232
1, 991
1,238
2,103
769
570
824
2, 219
888
533
828
2, 515
811
690
1, 014
7
675
ROOFING
Asphalt prepared roofing, shipments:
Total
thous. of squares.
Grit roll
do__.
Shingles (all types)
do_._
Smooth roll
_ __
do_ _ _
2, 286
588
921
776
2,924
761
1,184
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total*
mil. of kw.-hr_.
B y source:
Fuel
.
do
W a t e r power
do
B y t y p e of producer:
Privately and municipally owned electric
utilities
mil. of k w . - h r .
Other producers
do
Sales to u l t i m a t e customers, totalt (Edison
Electric Institute)
__mil. of kw.-hr__
Residential or domestic
do
R u r a l (distinct rural rates)
do
Commercial a n d industrial:
Small light and power
do
Large light and p o w e r - .
do
Street and highway lighting
do
Other public authorities
do
Railways and railroads
do
Interdepartmental
do
R e v e n u e from sales to u l t i m a t e customersf(Edison Electric Institute)
thous. of d o l . .
12, 669
11,205
11,614
7,862
4,806
6, 656
4,549
7,011
4, (504
11,575
1,094
10, 279
925
10,594
1, 021
9, 272
1,857
126
9, 367
1,787
152
1,759
4, 608
155
221
481
64
1,742
4, 797
143
215
468
63
194,535 I 193,280
12, 094
12,444
11,984
13,055
12,765
13,456
13, 641
12, 293
13, 095
7,272 I 7,934
4,217 ! 4,160
8, 476
3, 968
8,129
3,855
9. 396
3, 659
8,731
4,034
9, 057
4, 399
9,054
4,587
8,381
3, 912
' 8, 706
r
4, 388
10,049
1, 146
11,226
1, 218
10,796
1,188
11,702
1, 353
11.462
1,303
12,119
1,337
12,311
1,330
11,027
1,206
12,061
1, 034
9, 479
1, 799
211
9,611
1,769
262
10,105
1,828
288
10, 057
1,891
260
10,397
], 922
177
10,577
2. 093
' 131
10,895
2, 222
109
1,799
4,827
130
215" I
439
1,819
4, 908
1,915
5,191
149
58
1,926
5,115
165
222
442
35
1,970
5. 379
201
237
504
61
2,034
5, 448
217
248
551
67
201,993
204,434
11,489
10,461
1,028
195, 785
136
212
444
61
195, 547
1,886
5,445 !
189 i
233 j
488 ;
58
I
206,983 ; 214,161
219,913
GASf
Manufactured gas:
Customers, t o t a l .
thousands.
Domest ic
.-.
do
House heating
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. f t .
Domestic
„
do
House heating
do
Industrial and c o m m e r c i a l - . . .
do
R e v e n u e from sales to consumers, total
thous. of d o l .
Domestic
do...
House heating
_do- _ _
I n d u s t r i a l a n d commercial
do...
N a t u r a l gas:
Customers, total
thousands.
Domestic
do
Industrial a n d commercial
do ...
Sales to consumers, total
mil. of cu. ft.
Domestic
do-._
I n d l . , coml., and elec. generation
do.-.
R e v e n u e from sales to consumers, total
thous. of d o l .
D omestic
do...
I n d ' l . , com'l., a n d elec. generation
do...
9,910
9,181
253
465
33,894
16, 063
7,195
10,446
10,003
9, 269
260
463
31,782
16,077
5, 536
10, 002
10, 020
9, 299
249
461
28 754
16, 988
2 183
9, 443
31,137
31,658
29 781
22 137
20,610
21,650
4,446 i 3.053 I 1,594
6,465
" '""j 6,322
5,965
7,498
6,922
574
122,464
40, 300
81, 477
43,848
26, 627
17, 099
7,482
j 7,516
I 6,956 I
6, 948
|
558
532
| 108,900
96, 301
30, 878 21, 524
76, 868 73, 584
37,143
21,540
15,401
30,885
16,574
14,122
10,042
9, 330
240
462 !
26,559
16,072
1, 233
9, 083
10.064
9, 348
241
463
25, 105
14,787
932
9, 256
10. 140
10,142
9,408 I 9,398
262 I
281
462
453
27,641 I 30, 682
16,760 I 17, 340
1,241 i 2, 837
9, 491
10,316
10,115
9,367
292
447
33, 824
15,623
7, 290
10, 699
10,156
9,394
304
448
37, 946
15,892
10, 801
11,000
10,106
9,350
282
465
37, 950
17,312
9,608
10, 791
10,149
9, 383
294
463
38, 046
16, 997
10, 095
10, 704
27, 929
21,133
968
5, 744
26,661
19,992
789
5, 783
29,134
31,213
21,932
22,479
1,103 I 2,150
6,005 j 6,464
32,589 ! 34,904
21,569
21,629
4,137
6,136
6, 992
6. 750
35,157
21, 988
6,107
6,918
35,166
21,247
6,784
6,987
7,461 !
6,932 !
... ,
93,728
17, 883
74, 688
7. 563
7, 501
7, 033
6, 976
523
528
96, 116 100,689
16, 233
17,449
78, 207
81,403
7,804
7,194
608
147, 071
49,515
95,516
7,764
7,170
591
151,963
54, 973
95,184
7,773
7,182
589
157,611
56, 914
98, 440
28, 523
14,252
14,071
28, 240
13,284
14,746
41,618 ! 51,838
22, 977
30, 975
18,373
20,583
56, 464
34, 885
21,321
57, 356
35, 086
21,920
7, 636
7, 080
554
110,389
22, 306
86,184
29,458
33, 700
13,812
16,720
15,423 I 16,747
7,755
7,158
594
126,389
34,047
90, 342
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
5,597
5,124
5,485
5,851
5,074
4,001
3,396
3,863
5,129
3,915
3,606
4, 434
3, 660
Production
thous. of bbl_.
3, 786
Tax-paid withdrawals
-_.do
4,522
4,187
4,884
5,856
5,320
5,393
4,300
4,194
3,765
3,777
3,200
3,185
8, 255
Stocks
..do
8, 642
9,127
9,509
9,019
9,324
8,776
8,314
7,840
7,325
7,001
7,483
7,787
Distilled spirits:
13,926
10, 658
7,581
6,742
15, 712
13, 949
16, 701
21, 487 17, 567
16, 015
15, 131 15, 475
Production
thous. of tax gal.. 14, 725
8, 458
Tax-paid withdrawals
do
6,043
6, 974
8,011
7,793
7,522
10, 862
7,634
4,850
8,176
11,494
13,173
8,958
866
702
879
775
504
770
576
630
Imports
thous. of proof gal._
1,052
1,824
1,084
1,240
1,386
Stocks
thous. of tax gaL- 546, 764 522, 515 525,441 525, 395 523, 596 521, 601 519, 017 518, 638 518, 358 522, 699 530, 859 536, 917 541 932
Whisky:
5,200
11,233
11,492
8,187
3,252
12, 602
6,762
10, 303
11, 761
11,860
12, 265
13, 532
12, 658
Production
do
6, 637
Tax-paid withdrawals
do
5,019
5,834
6,144
5,773
5,827
8,331
5,475
3,617
6,354
8,982
10,529
7,331
812
510
568
991
674
752
589
413
661
930
Imports
thous. of proof gaL.
1,270
1,570
1,096
Stocks
thous. of tax gal.. 499, 854 477,873 480, 599 480,938 479,189 477,484 476,980 476, 298 475,611 479,102 486,133 491,301 495, 735
r
Revised. ©"Includes consumption in reporting company plants. JExcludes consumption in reporting company plants.
tRevised series. Manufactured and natural gas revised beginning January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and
revenue from sales beginning 1937 will be shown in a subsequent issue.
•Monthly data for 192039, 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
1940 data not shown above are: Production—Total, Jan., 12,257; Feb., 11,107: Mar., 11,515; by fuel, Jan., 9,070; Feb., 7,917; Mar., 7,583; by water power, Jan., 3,187; Feb.,
3,190; Mar., 3,932; by privately and municipally owned utilities, Jan., 11,241; Feb., 10,234; Mar., 10,536; by other producers, Jan., 1,015; Feb., 873; Mar., 978.
42
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
June 1941
1940
April
May
June
! July
August
1941
September
DecemOctober November
ber
January
February
March
FOODSTUFFS AND TGBACCO—Continued
ALCOHOLIC BEVERAGES—Continued
Rectified spirits and wines, production, total
thous. of proof gal..
Whisky
do
Indicated consumption for beverage purposes:
All spirits
thous. of proof gaL.
Whisky
do.—
Still wines:
Production
thous. of wine gal .
Tax-paid withdrawals
do
Imports
do
Stocks
do
Sparkling wines:
Production
do
Tax-paid withdrawals
do
Imports
do
Stocks
do
4,134
3, 300
134
2, 389
1, 630
4, 182
3,501
6,114
5,356
6, 749
5,856
10,142
8, 348
6,413
5, 003
10, 350
9,060
14, 525
13, 074
16, 856
15, 231
12, 293
10,894
8,056
7,068
3, 303
3, 385
196
91, 237
22,108
4, 730
102
33, 969
100,105
6,435
136
132,148
105, 647
8,781
251
170,183
35, 602
10, 273
216
172, 258
10,147
10,213
257
163, 774
2,082
6,682
120
157, 724
1, 667
6,983
107
156,038
863
7,828
141
143,256
28
18
29
669
34
20
18
680
50
52
32
678
54
84
54
643
73
125
36
589
82
162
45
492
62
39
10
512
63
34
7
539
50
35
551
149, 559
.27
205, 310
77,919
141,021
.27
183, 830
73, 449
153, 223
.28
164, 030
£8, 512
150, 219
.29
144, 205
55, 754
158,235
.30
135, 435
53, 377
152, 949
.33
115, 720
45, 580
150,747
.35
124, 540
49, 659
148,186
.31
136, 450
56, 582
143, 902
.31
130,825
53,126
157,100
.32
149,690
59, 565
3,721
2,764
3,466
2,694
5, 239
4, 218
10, 186
8,136
9,720
8,221
14, 691
12, 637
1,712
1,831
5,782
6, 071
252
306
110, 706 105. 340
2, 019
10. 429
665
93, 245
45
18
26
556
90
24
39
619
83
34
101
660
150, 073
174, 873
.28
190,875
68, 405
4, 392
3, 446
4,563 3,111
3, 755
2, 533
3,380
2,833
4,196
3, 368
9,116
11.345
8,108
9,547
DAIRY PRODUCTS
Butter:
Consumption, apparent!
thous. of lb__
Price, wholesale, 92-score (N. Y.).dol. per lb._
Production, creamery (factory)t-thous. of lb._
Receipts, 5 markets
do
Stocks, cold storage, creamery, end of month
thous. of lb__
Cheese:
Consumption, apparentf...
do
Imports§
do
Price, wholesale, No. 1 Amer. (N. Y.)
dol. per Ib._
Production, total (factory) t
thous. of lb._
American whole milkf
do
Receipts, 5 markets
do
Stocks, cold storage, end of month
do
American whole milk
do
Condensed and evaporated milk:
Exports:§
Condensed (sweetened)
.
do
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. percase.._
Evaporated (unsweetened)
do
Production, case goods:f
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of
month:
Condensed (sweetened)
thous. of lb...
Evaporated (unsweetened)
do
Fluid milk:
Consumption in oleomargarine
do
Price, dealers', standard grade.dol. per 1001b._
Production (Minneapolis and St. Paul)
thous. of lb_.
Receipts:
Boston
thous. of qt._
Greater New York
do
Powdered milk:
Exports
thous. of lb._
Production
do
Stocks, mfrs., end of month
do
.33
"62,~342
150, 750
62,187
17. 727
9.504
25, 463
81, 005
123, 628
134, 266
128, 087
105,106
67, 598
41, 497
29, 715
16, 462
' 8,983
• 63. 674
4; 073
"i,~87l'
82,158
4,072
69, 686
3,363
62, 410
1, 780
64,059
1, 377
65,007
1,534
67, 856
2,093
57,611
2,261
56,,233
55,219
1,922
57,035
2, 290
71,330
1, 544
.15
66,050
50,260
11,737
• 78, 917
• 65, 386
.15
87,100
67, 995
12, 507
87, 555
73, 056
.16
93,300
74, 790
15, 003
114,362
96,143
.17
84, 500
67, 770
15, 276
138,049
115,992
.17
73,000
5 7 , 680
13, 272
148,173
125, 300
.17
64, 800
50, 975
14,786
149, 309
127, 202
.17
60, 300
46,050
17,501
143,633
123, 953
.18
48, 600
35, 520
14, 648
136,574
118,516
.18
.19
46, 500 50,100
36,
350
33,635
12,913 11,894
128, 699 125, 308
112, 237 109, 820
.17
49,100
35, 695
10,894
119,381
105,153
.17
60,500
44, 635
15, 122
'109. 893
r
97, 496
361
3,878
442
3,636
1,194
4,550
4,589
15,068
T:, 368
52, 964
3,402
16,017
5, 387
4,572
4, 347
6, 034
3,294
4,434
3,637 I 4,235
4,162 i 7,178
5,020
8,743
5.00
3.06
5.00
3.00
5.00
3.05
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.20
5.00
3.20
5.00
3.20
5.00
3.20
9,414
203,624
.19
15,166
108,047
94, 361
5.00
3. 23
2,073
9, 433
258, 014
3,176
230, 370
4,816
276, 376
6,166
295, 724
6,741
260, 590
6,088
230,991
6,608
196, 256
7,841
172, 036
6,166
133, 590
6,160
150,940
171, 609
6,511
167,046
7, 228
126,160
4,014
207, 740
6,815
287, 778
10, 221
288,565
10, 454
321,332
9,728
349,433
9,580
380, 545
9,115
358, 224
8,543
226, 266
8.047
187, 652
7,810
189, 246
7, 274
7, 340
176,624 | r 136,073
5, 244
2.23
4, 691
2.18
3,811
2.18
4, 264
2.18
4 179
2.18
5,118
2.18
5, 545
2.20
5, 545
2.21
6,033
2.24
6,227
2.26
5,348
2.26
41,113
45,110
43,470
34,931
29., 883
27,188
27,925
28, 784
35,951
40, 605
39, 248
19, 601
120,993
20, 992
128, 218
20, 370
126, 476
21, 505
126, 158
21, 381
123, 500
20,344
126, 576
20,928
126,611
20,397
125, 242
20,255
127, 792
20, 348
128, 272
18. 754
115, 883
815
37, 507
33, 572
1,003
43, 852
35, 843
1,048
46, 646
40, 412
1,213
35, 859
42, 805
1,461
30, 291
46, 624
25, 535
45, 252
1,966
26, 913
41,032
4,390
22, 819
36, 037
1,961
25,459
34, 175
1, 390
26, 375
33, 351
1,770
25, 770
35, 927
3, 562
1,614
577
573
4,251
9,862
16, 937
920
3,606
15,511
1,611
1,135
13,346
2,432
0
12, 320
2,636
0
10, 052
1,032
0
10,150
1,195
8,890
7,854
2,307
31, 364
11,664
2,938
1. 590
2.095
2. 131
2.194
1.770
1.581
1.675
2.27
21, 353
36,143
35, 716
6,414
2.26
21, 598
131,556
r
r
1,415
32, 475
36, 831
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)!
thous. of bu._
Shipments, carlot
no. of carloads,.
Stocks, cold storage, end of month
thous. of bu._
Citrus fruits, carlot shipments .no. of carloads..
Onions, carlot shipments
do
Potatoes, white:
Price wholesale (N. Y.)
dol. per 100 l b . .
Production (crop estimate)
thous. of bu._
Shipments, carlot
no. of carloads..
2,720
5. 953
18,442
" 18," 798" "21," 879* "22," 180"
14, 417"
115,456
4, 323
4,219
34, 086
13,419
1,753
28, 656
16, 591
1,364
23, 014
20. 050
1.350
1.420
397,722
11,490
1.481
~12," 508"
~i2,""492"
1,867
17, 552"
17,070
15, 604
1, 569
10, 529
18, 541
1, 763
1.531
1.488
17,676
25, 702
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, incl. flour and meal§
thous. of bu..
Barley:
Exports, including malt§
do
Prices, wholesale (Minneapolis):
.55
No. 2, malting
dol. per bu._
No. 3, straight
do
.52
Production (crop estimate)
thous. of bu_.
, 442
Receipts, principal markets
do
, 157
Stocks, commercial, end of mo
do
Corn:
Exports, including meal§
do
2 8, 905
Grindings
do
Prices, wholesale:
.69
No. 3, yellow (Chicago) t
dol. per bu._
.72
No. 3, white (Chicago)
do |
Weighted average, 5 markets, all grades
|
.67
dol. per bu. J
5, 636
3,825
6,289
10, 673
630
10, 141
5,210
2,812
3,279
4.244
185
130
206
218
228
122
104
109
166
162
.58
.56
.57
.55
.51
.46
.50
.42
.48
.45
.52
.50
.54
.53
.50
.51
. 51
.51
5,910 I
10, 883
5,997
S, 809
3,847
6,956
2,870
5,598
406
074
6,628
11,371
6,496
8,195
6,357
7, 335
6. 510
6, 561
1,467 I
7,042 !
1,261
7,607
4, 139
6,390
6, 701 j
5,940 |
r
. 62 i
3,
6,
.68
.66
.65
.52
.51
1 309,235
7, 117
7,877
9,682
9,640
!, 372
>, 674
5, 512
7, 533
.66 !
.65
.64
.69
.65 I
.69 !
.62
.67
.64
.69
.62 ;
.66 I
.66
. 70
.66 i
.64
.63
.63 i
.58 i
.59
.58
.62
.74 •
.64 !
2, 559
950
6,385
103
1,633
786
2 7, 294
2
558
6, 487
2
40
7, 800
'Revised.
i December 1 estimate.
* For domestic consumption only, excluding srindings for export.
* No quotation.
^Production in "commercial a r e a s " ; not comparable with earlier estimates of total crop or " c o m m e r c i a l " crop. Some quantities u n h a r v e s t e d on account of m a r k e t conditions are included.
JFor m o n t h l y data beginning 1913, corresponding to m o n t h l y averages shown on p . 105 of the 1940 Supplement, see table 20, p . 18, of t h e April 1940 S u r v e y .
t D a t a for 1939 revised. See note m a r k e d " t " , p . 42 of the J a n u a r y 1941 survey.
§Data for 1939 revised; for exports, see table 14, p . 17, and for imports, table 15, p . 18, of the April 1941 Survey.
43
SURVEY OF CURRENT BUSINESS
.Tune 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1940
April
June
May
July
August
1941
September
DecemOctober November
ber
January
February
March
FOODSTUFFS AND TOBACCO—Continued
G R A I N S A N D GRAIN PRODUCTS—Con.
Corn—Continued.
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, N o . 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 T e n n . ) :
Receipts, rough, at mills
thous. of bbl. (162 1b.)..
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 (100 lb.)_.
Shipment from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo__bags (100 l b . ) . . .
Rye:
Exports, including flour
thous. of b u . .
Price, wholesale, No. 2 (Mpls.)-.dol. per bu_.
Production (crop estimate)
thous. of b u .
Receipts, principal m a r k e t s . _ . .
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. per b u . .
No. 2, Red Winter (St. Louis). . . d o . . . .
No. 2, Hard Winter (K. C ) .
.do....
Weighted av., 6 markets, all grades.-do
Production (crop est.), t o t a l . . . . t h o u s . of b u .
Spring w h e a t . 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 (Russcll-Pearsall)
thous. of b b l .
Export?§
.
do,..
Grindings of wheat
thous. of b u .
Prices, wholesale:
Standard patents (Mpls.)
dol. per bbl.
Winter, straight (Kansas City)
do
Production:
Flour, actual (Census)
thous. of bbl..
Operations, percent of capacity
Flour (Russell-Pearsall)
thous. of bbl..
Offal (Census)
thous. of lb
Stocks, total, end of month (Russell-Pearsall)
thous. of b b l .
Held by mills (Census)
.
do
17,403
14, 012
65, 463
11,690
9,633
34,142
57
.39
13,116
17, 316
• 24,726
83
.43
23,411
14, 339
25,419
22, 464
15,126
25,354
105
66
19,231
12, 385
28,119
28,892
12, 617
• 41,179
21,608
12,190
65,489
74
87
.30
.31
.34
.38
69
.35
37,609
18, 660
69, 314
22,449,200
20, 710
10, 433
70,067
13, 862
7,091
70,142
18, 628
9, 280
71, 290
53
70
274
.38
.37
16, 433
9,050
70, 278
75
21,235,628
5,337
6,592
.39
4, 178
6,204
.41
3,026
4,619
1,912
3,130
4,327
2,769
13, 287
8, 395
7,075
' 9,135
4, 238
7,093
4,031
6,688
17,970
287, 517
27, 572
289,562
59,860
294, 632
43, 357
246,135
22,711
190, 209
52, 240
247,498
18, 406
245,881
21, 221
347,580
23, 675
.048
.038
.038
.039
.039
.040
.038
.033
415
919
844
366
283
970
2,896
2,379
1,519
1,287
763
721
954
748
1,019
1,558
1,413
1,371
1,431
1,134
1,180
4, 539
4,473
1,131
1,135
3, 543
5, 664
3, 050
4,745
358,185
16, 228
305, 908
8,421
423,116
7,933
.035
2 52, 754
.039
.040
4, 5< >7
4,077
377, 894
7, 282
2,632
2,084
1,647
1,170
1.183
2, 667
3, 746
4,012
3, 964
3, 699
3, 307
468, 937
209,425
328, 769 387, 539
141, 744 167,697
231,879
196, 394
319,168
473, 827
160, 879
488, 847
370, 380
376,624
126, 523
203,870
167,276
289,627
211,149
264, 783
81, 855
342, 635
226,943
447, 277
213,216
400,577
455,143
455, 525
358, 843
473,481
C1)
.41
400, 797
491, 976
429,129
380, 200
431, 886
378,074
378,179
239
.44
2
.48
0)
.50
0)
.53
(0
0)
1,732
9,142
1,520
8,520
1,467
8,112
1,078
7,658
609
6,223
337
5,462
792
5, 209
3,044
4,431
1,293
4,069
549
1,864
46
2,484
56
3, 768
1,998
.82
.83
.76
.78
.90
.82
.85
.90
.92
.85
.88
.85
.86
.78
.81
.90
.90
.85
.89
2,675
2,890
148, 390
367, 777
961
4,951
90
.70
112
.59
4
.45
1,448
10,048
1,324
9,912
695
9,506
3,837
1,833
2,239
227
1.08
1.11
1.06
1.06
1.01
1.04
1
.44
687
9,037
11, 716
439,533
139,119
9, 459
18, 525
12,78
258,939
5.77
4.86
.73
179, 554
2,206
301
.91
.83
.85
.87
2816, 698
2227, 547
2589,151
9,652
16,210
10, 025
8,085
445,153
442, 408
166, 587
440, 293
725,128
169,776
165,167
106, 303
283, 882
161,088
152,598
29. 319
21, 442
17, 925
15.284
255,181
272, 360
409,354
415, 707
160,150
180,052
352, 982
868, 207
186,523
188, 618
133,319
359, 746
176, 390
.52
9,432
438,973
545, 574
141,897
131,247
76, 675
195,755
5,778
428
38, 694
5, 756
256
35,079
9,443
385
38, 921
8,902
435
40, 474
9,377
437
42, 268
9,117
668
45, 319
9,889
749
39, 707
9,022
405
37,078
9,061
387
40, 000
8,063
517
36, 575
377
39, 792
5.32
4.55
4.64
4.19
4.48
3.84
4.17
3.71
4.34
3.88
4.62
4.01
4.66
4.24
4.52
4.16
4.70
4.09
4.54
3.58
4.89
3.71
8,504
55.1
9,528
681, 823
55.6
9,587
705,137
9.288
65. 5
10, 264
735, 441
8,166
55.6
9,495
639, 306
8,818
58. 0
9,248
690, 728
8, 003
60.3
8, 505
630.124
5, 500
4,193
5,200
5,450
5,700
4,409
5,500
5,425
1, 162
1,737
1,604
1,600
991
723
307
8,269
8,514
7, 682
53.7
55.2
51.7
8, 454
9, 603
7,872
656, 277 673,073 614,992
5,100
2,976
934
3,686
1,876
.79
.76
.71
.72
257,131
297, 542
105, 595 ' 97, 714 87, 325
33, 730
90, 964
85, 521
•280,627
8,227
427
37, 632
5.01
3.93
1,835
632
152, 779
220, 504
•153,446
2
.50
2 40, 601
713
6,640
5,350
9, 960
8, 737
62.6
59.1
9, 535 10.713
785, 828 687, 760
8,764
57.9
9, 043
686, 551
5,900
4,601
5,7.50
1,785
2,175
2,427
939
833
401
1,033
1,083
603
1,110
1,324
808
977
892
496
976
624
290
964
623
266
828
475
220
923
544
251
10. 81
12.46
11.28
5,825
3, 923
LIVESTOCK
Cattle and calves:
Receipts, principal markets, thous. of animils.
Disposition:
Local slaughter
do
Shipments, total
do
Stockerand feeder
do
Prices, wholesale (Chicago);
Beef steers
dol. per 100 l b . .
Steers, corn f e d . v
do
Calves, vealers
do
Hogs:
Receipts, principal marketS-thous. of animals,
Disposition:
Local slaughter
.do
Shipments, total
do
Stockerand feeder
do
Prices:
Wholesale, heavy (Chi.)
dol. per 100 lb .
Hog-corn ratio
j
bu. of corn per owt. of live hoes. _ i
r
1, 593
1, 554
1, 503
637
302
'972
r
570
244
936
631
263
10.6'
12.31
11.34
9.46
11.22
9.93
9.83
10.89
11.31 |
9.69
10.33
9.59
10.44
11.02 |
9.85 !
11.00
11.33
10.41
11.50
11.47
11. 53
11.87
12.09
10.97
12.06
12.21
10.50
11.85
12.61
10.58
11.90
13. 08
11.94
11.27
12. 55
12.50
858
594
216
2, 610
2,595
2, 674
2,650
2,259
2,177
2,302
3,113
3,595
3,787
3, 039
2, 513
1,981
623
54
1,868
713
43
2,005 i
666
48 I
1,927 I
718
33
1,598
649
33
1, 497
677
37
1,692
601
36
2,371
730
42
2, 682
905
47
2,823
960
40
2,148
881
58
1,817
696
48
1,941
700
48
8.42
5.46
6.41
6.24
7.69
7. 60
7. 53
13.0
12.8
12.4
I
12.9
8.4
Revised.
' Less than 500 bushels.
* December 1 estimate.
.§Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey.
1,576
5. G6 |
5.04 i
5.99 j
6.59 I
8.4 i
7.6 !
9.2 I
9.9 I
9.9
6.42 |
10.3 |
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the
April
1940 Supplement to the Survey
June 1941
1940
April
May
June
July
August
1941
September
DecemOctober November
ber
January
February
March
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 1001bLambs
do
1,618
1,876
2,002
1,687
2, 068
2,523
2,737
1,776
1,597
1,721
972
648
113
1,046
828
156
1,077
917
169
915
779
132
972
921
214
876
1,188
383
954
1,530
610
1,085
1,669
890
908
883
320
917
688
154
997
718
148
850
6.75
9.88
5.10
9.67
4.16
9.63
3.84
10.16
3.45
9.14
3.50
8.75
3.83
8.54
4.01
8.88
4.03
8.88
4.10
9.06
5.22
9.78
5. 63
10. 09
6. 27
10. 29
1,200
21
1,200
1,010
1,144
19
1,177
1,034
79
1, 152
35
1,122
974
77
1,228
17
1, 068
796
67
1,167
16
1,051
662
58
1,365
17
1,349
632
53
1,289
17
1,442
788
66
1,200
18
1,550
1,164
102
1,250
18
1,356
1, 258
98
1,069
21
1, 139
1, 310
89
' 1, 221
30
1. 216
1,282
S3
464, 920
1, 512
MEATS
Total meats:
r
1,168
Consumption, apparent
mil. of lb__
28
Exports§
do
1,133
Production (inspected slaughter)
do
1,292
1,031
Stocks, cold storage, end of month
do
80
Miscellaneous meats
do
Beef and veal:
467, 534
Consumption, apparent
thous. of lb—
1,491
Exports§
do
Price, wholesale, beef, fresh, native steers
.166
.170
(Chicago)
dol. per lb —
453, 508
Production (inspected slaughter).thous. of lb—
62,
020
'
85,"
076
Stocks, beef, cold storage, end of mo
do
Lamb and mutton:
57,
305
Consumption, apparent
do
56, 657
Production (inspected slaughter)
do
3,
580
5,
036
Stocks, cold storage, end of month
do
Pork (including lard):
642, 696
Consumption, apparent
do
23,806
Exports, total
.....do
18,849
Lard
do
Prices, wholesale:
.168
.238
Hams, smoked (Chicago)..
dol. per l b . .
Lard, in tierces:
.066
.083
Prime, contract (N. Y.)
do
.097
.072
Refined (Chicago)
do
Production (inspected slaughter), total
622, 544
thous. of lb_.
125, 746 113,315
Lardf
do
1,122,416 878, 008
Stocks, cold storage, end of month
do
795,
717 611,956
Fresh and cured
do
326, 699 266, 052
Lard^
do
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of lb._ 19, 863
101, 000
Stocks, cold storage, end of month
do
Eggs:
2, 073
Receipts, 5 markets
thous. of cases.Stocks, cold storage, end of month:
3, 030
Shell
.^thous. of cases..
Frozen
thous. of l b . . 99, 617
1, 894
1, 52U
890
632
131
• 484,142
1,366
441,163
1,323
479, 493
1,076
450, 723
1,403
456, 800
1,280
524, 736
1,508
463, 355
1,609
439,048
1,181
502, 771
1,003
429. 195
1, 079
.170
467,179
53,193
.165
429, 851
45, 972
. 176
471,496
42, 004
.183
469, 808
35, 663
.192
452,515
36, 303
.186
532,165
48,245
.190
483, 045
71, 508
.193
469,265
106,990
.193
496, 850
108, 622
. 180
. 170
410, 821 449, 098
98, 444 ' 90, 373
56, 647
56, 567
3,463
52, 427
52, 245
3,254
54,886
55, 019
3, 342
57, 579
57,457
3,192
57,848
58,108
3,411
69,165
69, 618
3,817
58,705
59, 332
4,427
58,314
59,026
5,119
70, 327
69, 936
4,699
659,459
18, 664
14,889
650, 297
15,826
12, 697
617,900
31,472
28, 239
68), 594
14,158
651,872
13, 854
9,956
771, 486
14,033
10,198
766, 548
13, 555
10, 228
702,972
15,034
12,302
677, 365
15,941
13, 666
.171
.173
.175
.178
.183
.183
.183
.183
.200
.060
.070
.060
.065
.064
.069
. 055
.066
.055
.071
.052
.068
.053
.069
.050
.068
.057
.075
675,942
121, 956
876, 512
592, 575
283, 937
694, 535
121,511
905, 296
598, 522
306, 774
595, 749
103,983
851,896
548,688
303, 208
541,180
90, 525
68£,854
417, 564
272,290
540, 486
84,310
564,904
329, 214
235, 690
747, 045
114, 789
526,878
303, 712
223,166
899, 321 1,021,219 788, 844 666, 956 704, 487
145, 387 181,917 138. 836 117, 714 130, 029
646, 492 950,238 1,046,817 1,118,552 1,104,072
408,900 656,169 739,927 791,910 •785,387
237, 592 294,069 306,890 326, 642 318,685
19,889
86, 226
26, 042
76, 904
28,212
82, 336
26,892
82,415
32,987
82,178
34,087
90, 842
44,248
114, 257
89,802
159,110
88, 005
208. 365
27,933
191,410
2, 238
2,369
1,682
1,274
943
799
727
682
734
1,065
3, 341
79,454
5,980
123, 793
7, 513
150, 366
7,784
154,947
7 241
145 653
6,040
130, 787
4,144
111,815
1,969
91, 273
614
73, 326
297
53, 828
10,181
60, 991
60, 800
4,448
' 62. 355
62, 328
r
4, 378
579. 230 • 693, 909
17,603
26, 747
14, 830
24, 329
. 218
. OH 2
. 07-5
. 070
.081
19, 159
163, 321
19. 324
126, 904
307
45, 239
' 1, 090
• 63, 428
TROPICAL PRODUCTS
Cocoa:
20,119
22, 288
41,185
35, 396
24, 935
11,886
30, 053
30, 082
32.218
27, 615
40,548 I 33,795
Imports§
long tons_. 31, 304
. 0731
. 0600
.0553
. 0495
.0451
. 0426
.0452
.0466
.0489
.0718
Price, spot, Accra (N. Y.)
dol. per lb__
.0534
.0520
. 0578
Coffee:
926
1,342
847
1. 110
703
733
804
1, 050
1,094
1. 136
1, 576
1.306
1, 455
Clearances from Brazil, total--thous. of bags..
571
708
539
606
912
944
896
1.428
975
1,149
1,214
650
945
To United States
do
994
1,247
2,012
1, 274
1,386
2, 260
1,605 I 2,010
Imports into United States§
do
1,226
1,393
1,339
2,135
1,148
Price, wholesale, Rio No. 7 (N. Y.)
.051
.051
. 063
.055
.052
. 057
.053
.053
dol. per lb..
.053
.053
.053
.068
.051
Visible supply:
895
1,044
997
1,099
1.
600
1,
709
1.157
1,300
United States
thous. of bags..
997
992
1,018
1, 968
975
Sugar:
Raw sugar:
Cuban stocks, end of month
' 2, 496
2,260
2,021
1,650
1,776
1,473
2,460
1,568
2, 421
1,216
1,181
thous. of Spanish tons..
1,037
United States:
Meltings, 8 ports
long tons.. 442, 264 339,755 351, 629 336, 579 380,198 318,357 368,346 303, 215 350,401 305, 978 307, 619 323,430 415, 675
Price, wholesale, 96° centrifugal (N. Y.)
. 028
.028
.027
.027
.027
.028
.029
.327
.030
.029
.029
. 033
dol. per lb...
Receipts: From Hawaii and Puerto Rico
64,831
156,155 148,904
123,983 125, 256 127,822 136, 764 118, 252
100,932
34, 554
95, 057 143, 375
long tons..
207, 784 222, 532 232, 048 221. 696 198, 490 143, 034 145, 042 175, 548 113,186 236, 098 276,810 278, 863
Imports, totalj§
.-do
143, 329 129, 006 148,833 155, 545
73,155
98, 623
90,986
91, 442
51,607 148, 938 164,919 222 179
From Cuba!
do
60, 535
93, 447
66,140
71, 884
79,097
99,852
52, 041
54,' 357
45,955
83, 458 106, 397
From Philippine Islands!
do
79,824
460, 549 500,912 557,928 557, 564 487, 637 474, 426 412,105 315, 501 295, 661 277, 946 276, 034 296, 796 312, 053
Stocks at refineries, end of month, .do
Refined sugar (United States):
19, 001
18, 392
38, 636
2,034
10,977
7,420
3,995
6,305
993
4, 560
2,996
6,720
Exports
do
. 055
.051
.050
.050
.050
. 050
.050
. 050
.050
. 052
.050
.050
.050
Price, retail, gran. (N. Y.)
dol. per lb—
.044
. 050
.044
.044
.044
.044
.048
.043
.043
.043
.043
.043
.043
Price, wholesale, gran. (N. Y.)
do
Receipts:
271
13, 755
1,109
22. 737
26, 245
29,115
3,991
1,406
2,054
29. 442
1,654
2,366
From Hawaii and Puerto Rico.long tons..
37, 488
35, 298
53,878
45, 750
40,129
25,983
23, 361
47, 461
43, 668
10, 076
904
12.976
Imports, total!
do..__
35, 273
29,711
45, 689
38, 471
24,994
41, 532
32, 048
6,155
20, 251
37, Z&Z
241
7,477
From Cuba!
.do
2, 187
5,571
8,178
7,261
960
1,362
8,066
2,857
5,911
6, C23
479
5,207
From Philippine Islands!
do
6,510
7,783
8,630
4,921
9,030
9,364
793
7,316
7,838
8,863
6, 197
7,176
9,385
Tea, imports
thous. of lb—
r
Revised.
tRevised series; revisions beginning January 1937 appear in table 8, p. 18, of the January 1941 Survey; see also note marked " V which applies to both production and stocks.
! Monthly figures beginning 1913, corresponding to the monthly averages shown on p. 113 of the 1940 Supplement, are available on request.
Iln accordance with new definitions effective November 1, 1940, fats rendered from hog carcasses formerly reported as "lard" are now reported as "lard" and "rendered
iork fat." The two are here combined to have figures comparable with the earlier data.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 Survey.
June 1941
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the April
1940 Supplement to the Survey
45
1940
April
May
June
July
August
1941
September
DecemOctober November
ber
January
February
March
FOODSTUFFS AND TOBACCO —Continued
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers-..tbous. of dol_.
Fish:
Landings, fresh fish, prin. ports..thous. of lb_.
Salmon, canned, shipments
.cases..
Stocks, cold storage, 15th of month
thous. of lb_.
Gelatin, edible:
Monthly report for 7 companies:
Production
do
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
.do
Stocks
„
do
16,212
15, 953
12, 268
20, 344
603,249
26,603
86,061
35, 583
204, 827
35, 568
34,835
33, 756
45,473
62,062
76,479
86, 321
94, 006
1, 847
2, 205
4,882
2,029
1,737
1,688
1,711
6,985
1,587
1,622
6,950
1,229
1,715
6,464
1,150
1,674
5,940
1,160
1,399
5,701
1,397
1,595
5,503
18, 467
TOBACCO
Leaf:
Exports, incl. scrap and stems§_.thous. of lb.
Imports, incl. scrap and stems§
do
Production (crop estimate)
mil. of lb-.
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb_.
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
_do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do....
Cigarette tobacco
.do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions.. 15, 854
Large cigars
thousands... 490, 585
Manufactured tobacco and snuff
thous. of lb_ 29,127
Exports, cigarettes!
thousands.
Prices, wholesale (list price, destination):
Cigarettes, composite price..dol. per 1,000.
5.760
Cigars, composite price
do
46.056
Production, manufactured tobacco:
Total
thous. of lb.
Fine cut chewing
..do
Plug
..__.__
..do..-.
Scrap chewing
__
..do
Smoking
do
Twist
.
do....
7,009
12, 820
15, 679
23,409
55, 715 51,461
375, 008 880,148
44,624
794,289
6,971
10, 362
15, 912
5,790
14,820
425,140
32,616
6,770
20, 965
6,425
24,111
24,159
14, 360
7,329
7,644
6,239
19, 076
20,411
31,518
22, 027 29,189 37 224
728, 566 530, 784 421, 338 277^ 998
95, 531 100,088
71, 458 • 49,805
1,625
1,636
5,492
4,700
8,600
15, 533
7,780
22, 709
40, 836 36,070
817,370 463,549
1,856
1,775
5,574
1,806
1,617
5, 763
1, 686
1, 513
5, 935
1,850
2, 545
5, 240
14, 844
6,268
14, 930
4,898
19,404
7, 087
6,364
8,421
11, 526
6,734
11,836
5,365
18,947
7,091
i 1,376
3,031
3,123
' 3, 437
3,568
378
227
2,290
3
358
207
2,431
••322
202
2,789
396
299
2,752
3
19
112
18
106
18
102
19
99
16, 275 17, 565 15, 913 15, 840 14, 890 16, 448 14, 347 13,815
469, 313 435,029 460, 523 487, 641 475, 725 583, 508 507,349 349,780
16, 287 14, 465 15, 529
403,166 385, 349 430, 326
28, 481 29, 924 27, 660 29, 333 28, 849 28, 729 34, 718 28, 596 24, 758 28, 958 25, 202 28, 253
509, 420 803, 312 604, 312 406, 076 639,101 285,106 533, 455 472,923 597,390 626,129 584, 281 685,139
5.513
46.056
5.513
46. 056
5.513
4a 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
46.056
25, 554
362
4,278
3,507
16, 949
458
26, 889
512
4,331
3,539
18,004
503
24,167
367
4,115
3,187
16,082
416
26, 887
432
4,521
3,985
17,460
489
25, 933
456
4,225
3,807
16, 949
497
26,300
398
4,145
3,525
17, 762
47e
31, 133
443
4, 195
4 009
21 950
536
25, 704
421
3,942
3,256
17, 642
442
22, 941
380
3,681
3,196
15,227
456
25,153
426
3,882
3,636
16, 752
457
22, 630
355
3,748
3, 347
14, 719
461
24, 766
389
4,065
3, 385
16, 458
468
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports
thous. of long tons
141
153
146
363
329
167
121
282
221
222
Prices, composite, chestnut:
11.59
11.67
11.04
11.41
Retail
dol. per short ton..
11.57
11.48
11.67
9.793
9.823
9.388
9.636
Wholesale
do
9.775
9.333
9.462
9.769
9.278
9.558
9.801
4,699
4,977
4,056
3,869
3,203
3,746
4,234
Production
thous. of short tons..
4,367
3,775
3,957
4,408
Stocks, end of month:
939
704
1,112
91
506
1,164
1,279
In producers' storage yards. _
do..
953
1,112
137
In selected retail dealers' yards
45
33
24
37
46
56
57
51
number of days' supply
40
Bituminous:
518
454
2,081
1,849
Exports
thous. of long tons
1,948
1,091
1,065
1,231
1,488
1,806
Industrial consumption, total
26,072 25, 741 24,988 25, 877 27,079
thous. of short tons.. 29,006
26, 783 30, 333 30, 961 32, 637 33, 588
160
166
240
367
442
Beehive coke ovens
do.
148
432
577
626
736
817
5,632
6,184
Byproduct coke ovens.. _
do.
6,603
6,000
6,703
6,624
6, 404
6,799
6,928
6,999
7.061
418
542
Cement mills
..
do.
489
513
519
534
543
578
556
507
407
205
124
123
131
136
139
208
139
139
Coal-gas retorts
do.
171
152
3,839
4,341
4,177
4,079
4,812
4,582
3,561
3,696
4,247
Electric power utilities
do.
4,737
4,782
7,594
6,721
6,534
6,199
6,391
6,606
7,349
6,612
Railways (class I)___
do.
6, 833
8,072
8,176
690
715
895
725
751
752
947
791
870
Steel and rolling mills
_do.
975
1,043
7, 510
Other industrial
.
do.
8,650
7,950
9,730
9,770 10,440
7,170
7,080
7,520
9,080
11,150
Other consumption:
83
107
102
112
102
93
128
100
105
Vessels (bunker)
thous. of long tons..
315
276
296
243
231
258
281
277
Coal mine fuel
thous. of short tons
226
Prices:
8.87
8.54
8.87
8.36
8.75
Retail, composite^
dol. per short ton..
8.84
Wholesale:
4.393
4.390
4.264
4.277
4. 275
4.251
4.256
4.393
4.265
4.403
Mine run, composite
.
do
4.398
4.618
4.616
4.354
4.619
4.230
4.231
4.276
4.314
4.297
4.602
Prepared sizes, composite
do
4. 533
34, 896 32, 400 35, 890 39,010
38,650
Production!
thous. of short tons..
6, 266 32,790
38, 700 40,012 41,400 44, 070
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons.. 36, 587 35, 721 39, 203 41, 563 45, 438 48, 111 51,122 51, 564 51, 872 50, 998 48, 702
34, 563 37, 538 39,611
42,122
42, 464 42, 922 42,978 42,102
Industrial, total
do
32, 507 30, 521 32,403
10,184
9,887
8,861
9,712
5,956
6, 506
7,448
10,091
5,150
7,832
4,970
Byproduct coke ovens
do
436
408
486
507
494
578
515
476
463
551
390
Cement mills
do
284
258
284
292
287
285
273
243
291
248
220
Coal-gas retorts
do
11,336
11,119
11,337
11,309
11,413
9,514
10, 241 10, 559 11,003
9,798
9, 540
Electric power utilities
.
do
5,921
6,235
5,679
4,644
4,526
4,602
5,240
5,693
5,493
5,748
5,714
Railways (class I)
do
827
935
541
533
605
661
690
691
565
660
723
Steel and rolling mills.do
13, 260
12, 900 13, 580 14, 690 14, 490 14, 230 13,990
10, 780 11,840
10, 950 10,060
Other industrial
do
8,020
8,500
9,000
8,950
6,800
9,100
4,080
6,600
7,000
7,900
5,200
Retail dealers, total..
do
••Revised.
i December 1 estimate.
JData for 1938 revised. See p. 45 of the August 1940 Survey.
^Composite price for 37 cities in June, September, and October; 36 cities in November; and 35 cities beginning in December. Data for retail coal prices,
and bituminous, are now compiled on a monthly basis for the coal-burning season, September through April.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 survey.
11. 66
9. 826
4,432
r
11.66
9.805
4, 595
331
658
31,161
' 789
6,445
370
139
4,446
7, 666
966
10, 340
'34,04]
931
7, 157
470
150
* 4, 729
T
r
8,600
1,024
10, 980
8.87
8.88
4. 389
4. 615
41, 695
4. 389
4 615
48,250
48, 518
42, 518
9,890
440
247
10, 944
7, 216
1,041
12, 740
6,000
r 50,
r
090
45, 590
9, 854
562
247
M l , 330
r 8, 741
1, 270
'13,580
5, 100
both anthracite
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1940
April
August
April
May
June
July
June 1941
1941
S
—
October
N
ovem- Decem-
Jam,-
Febru- I
March
FUELS AND BYPRODUCTS—Continued
COKE
Exports...
thous. of long tons..
Price, beehive, Cormellsville (furnace)
dol. per short ton..
Production:
Beehive
-.
thous. of short tons_.
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
._
.do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
45
42
52
77
74
90
79
76
62
51
5.375
4.475
4.475
4.475
4. 475
4.475
4.475
4.475
4.555
5.000
5. 375
5.375
5. 375
93
4,474
102
3,984
139
106
4,244
152
151
4,375
149
231
4, 619
121
278
4,682
123
272
4,627
119
363
4,840
131
394
4,750
463
4,890
126
514
4,933
496
4. 502 !
586
4.999
125
2,014
931
1,085
663
2,056
955
1,101
681
1,803
877
926
697
1,915
846
1, 069
678
2,027 i
807
1,219
647
2,058
776
1,281
617
2,029
740
1,290
581
1,997
713
1,284
527
1,901
736
1,165
487
1, 597
732
865
406
774
618
375
1,337
84.S
492
375
106,979
3, 368
.960
116,045
82
111,817
4,266
.960
118,283
83
108,237
3,658
.960
111, 690
84
107, 902
3,771
.960
113, 244
80
108, 756
4,150
.960
110,523
81
107,756
4,059
.960
109, 337
83
109, 394
3,910
.960
113,418
82
105, 364
4,023
.960
106, 904
109, 703
4,744
.960
110, 520
82
110, 683
3,199
.960
110, 647
83
100, 445
3,321
.960
100,791
83
111,059
3,876
.960
112,817
83
78, 866
36,, 000
214,, 321
42,119
172, 202
1,853
78,359
35, 782
218, 492
45,183
173, 309
2,083
78, 443
35, 368
218, 998
47, 525
171, 473
2,021
77, 550
36, 182
219, 796
47, 959
171,837
1,860
76,373
36, 493
220, 234
47,950
172, 284
1,788
75, 392
35, 460
220, 197
44, 778
175, 419
1,555
74,124
35, 422
220,896
44, 774
176,122
1,856
73,011
35,043
220, 645
44, 873
175, 772
1,533
71, 798
35, 852
221, 031
43, 767
177, 264
1,243
70. 474
35, 961
219, 905
42. 760
177,145
'1,368
69, 833
36, 985
220, 046
42, 260
177, 786
r
L 162
68,661
37,451
221,319
41,649
179,670
1.184
••984
4,164
2,930
.039
'950
4,130
3,242
.039
«• 1,023
4,090
2,926
.039
r 1,237
4,166
3,009
.039
' :., 507 ' 1, 427
4,293
4,334
1!, 661
2,293
.040
.040
25, 372
15, 260
26, 548
14, 541
25, 469
14,154
25, 248
14, 439
26, 451
14, 957
18, 475
20, 310
19,116
23,112
20, 339
26, 412
21, 909
30,134
47,683
1, 730
52,946
1,766
55, 459
2,177
.133
.046
.129
50, 625
228
23, 082
22, 901
4, 414
2,783
1,937
.128
.048
.127
52,183
247
22, 526
24,823
4,587
3,075
2,136
96,615
69, 407
6,112
1,401
694
706
r
126
36
103
1.391
49
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills).-thous. of bbL.
Imports§
do
Price (Kansas-Okla.) at wells
dol. per bbL.
Production}
thous. of bbL.
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel.
thous. of bbL.
Light crude
do
East of California, total}
do
Refineries }
do
Tank farms and pipe linest
-do
Wells completed!:
number.
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbL.
Railways (class I).
.do
Vessels (bunker)
...do
Price, fuel oil (Pennsylvania)*-dol. per gaL.
Production:
Residual fuel oil}
thous. of bbL.
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbL.
Gas oil and distillate fuels, total
do
Motor fuel:
Demand, domestic!...thous. of bbl_Exportsf
do
Prices, gasoline:
Wholesale, tank wagon (N. Y.)f
dol. per gal_Wholesale, refining (Okla.)
do
Retail, service stations, 50 cities*
do
Production, totalt
thous. of bbL.
Benzol}:
do
Straight run gasoline}
do
Cracked gasoline}
do
Natural gasoline}
do
Natural gasoline blended}
do
Retail distribution.._.
mil. of gal.
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbL.
At refineries
do
Natural gasoline
do
Kerosene:
Consumption, domestic
do
Exports^
do
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gal..
Production
thous. of bbL.
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic}
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal..
Production
thous. of bbLStocks, refinery, end of month
_do._.
Asphalt:
Imports§.
short tonsProduction,
.do
Stocks, refinery, end of month
do .
Wax:
Production
thous. of lb__
Stocks, refinery, end of month
do.
4,132
1.010
I
I
i
1,586 |
4,511
2,487
.044
r 1, 677
4,847
2,724
.040
r
1, 461
4,805
2,779
.042
' 1,837
5,021
2, 525
.043
1,8-14
4,938
2,172
.044
25,504
14, 735
27,944
14, 381
26,125
15, 073
27, 925
16, 608
27, 958
17,018
25, 979
14, 732
27,858
15,326
24, 042
33,964
25,015
37,166
26, 539
37, 709
24, 580
35, 885
23, 656
32, 082
22, 060
28, 034
21,154
28, 542
21,086
23, 293
53, 865
1,460
55 346
1 686
52, 297
1,699
53, 807
1,662
49, 074
1,904
46, 413
1,786
45, 344
1,469
42, 253
1,056
48, 606
1,606
.127
.048
.125
51, 325
263
22, 422
24, 239
4,401
2,600
2,271
.130
.048
.126
51,879
279
22, 420
24, 496
4,684
2,864
2,168
.128
.046
.123
52, 658
271
22,120
25, 587
4,680
3.186
2,321
.124
.046
.122
52, 313
263
22, 254
25, 090
4,706
3,901
2,135
.122
.045
.122
52,907
290
21, 602
25, 968
5,047
4,269
2,191
.120
.045
.121
50,892
282
21, 053
24, 716
4,841
4,133
2,020
.123
.045
.122
52, 508
298
22, 213
25, 047
4,950
3,945
1,947
.125
.044
.122
52, 542
313
21, 353
25, 992
4,884
4,016
1,750
.127
.044
.123
48, 374
280
20,112
23,417
4,565
3, 510
1,643
.129
.045
.124
53, 409
317
21, 995
26,181
4,916
3,981
93, 474
65, 871
6,514
86, 276
59, 708
7,000
82, 025
54, 414
7,584
77, 134
50, 056
7, 702
75, 915
49, 040
7, 038
73, 338
47,162
6,569
73, 429
46, 695
6,102
77, 943
50, 807
5,704
83, 310
55, 562
5,490
88,697
61,756
5,311
91,717
64,468
5,331
5, 621
375
5,297
377
3, 952
299
4,257
213
4, 114
196
5,173
173
5,608
120
6,768
175
7,808
113
7,769
6,484 I
6,778
124
. 050
6, 257
4, 351
.051
6,641
5,309
.051
5,785
6,810
.050
5,797
8,191
.049
5, 629
9,476
.049
6,062
10, 254
.049
6,496
11,000
.050
6,431
10,473
.052
6,894
9,512
.053
6,661
8,312
.054
5,888
7,634 I
.054
6,033
6,724
2,138
2,063
2,146
1,871
2,C24
2,150
2,443
2,449
1,875
2,367
.100
.161
3,280
8, 065
.150
3,341
8,170
.143
3,212
8,161
.118
3,024
8,573
.103
2,635
8,457
.094
2,682
8, 596
.090
2,954
8,464
.090
3,021
8,365
.090
2,865
8,767
.090
2,943
8,809
579
417
400,000
768,000
230
487, 600
759,000
260
527,300
681, 000
9,761
606, 600
623,000
21,028
638, 000
588, 000
1,447
604,700
490, 000
39,993
608, 400
469, 000
377
396,900
526,000
18, 504
326, 200
614,000
303,100
689,000
9,838 |
9.579
306,400
373,300
760,000
831,000
42, 560
96, 910
44, 240
103, 289
39, 760
110,346
37, 520
113,978
33, 320
112, 3.59
39, 760
110, 028
43.120
113, 827
43, 960
120, 212
43, 680
125, 272
45,080
120,027
38,920 j 51,240
119,150 I 121.887
.045
.135
.049
.131
.054
1,678
2,569
.044
2,263
.094
2,522 !
8,790 |
.099
2,813
8,637
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins§__._thous. of lb_. 50, 665 22, 767 23,716
28, 521
28, 863
33, 123
29, 627
38, 459
28,111
42, 542
41, 284
35,411
39, 540
Calf and kip skins§.
_do_
2,316
1, 118
1,085
2, 108
1,152
1,253
1,999
3,365
1, 489
2,828
1,795
623
1,859
Cattle hides
do
9,068
7,756
14, 305
22, 004
28, 548
16, 401
20, 685
16, 170 18, 922
26, 925
24, 638
16, 544
24,182
Goatskins §do
5, 906
5,403
5,729
5,576
5,295
6,065
3, 661
4,379
5,368
4,990
4,792
6,446
5, 895
Sheep and lamb skins§
do
4,933
7,293
3,919
2,904
| 10,981
5,199
5,458
3, 78o
5,882
6, 249
5,357
8, 550
5, 254
r
Revised.
*New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p. 14 of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p. 16 the March 1941 Survey.
fExports of motor fuel revised; for data beginning January 1913, see table 54, p. 16 of the December 1940 Survey. Data beginning January 1941 include mineral spirits.
The comparability of the series is effected 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. Data on gas and fuel* oil consumption in electric power plants revised for 1940; revisions not shown above are as follows:
January, 1,953; February, 1,451; and March, 1,262.
}Revised data for 1939 appear on table 1, p. 17 of the January 1941 Survey.
§Data revised for 1939; for exports, see table 14. p. 17, and for imports, table 15, p. 18 of the April 194:: Survey.
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
47
SURVEY OF CURRENT BUSINESS
1941
1940
April
April
May
June
July
August
1941
September
DecemOctober November
ber
January
February
March
LEATHER AND PRODUCTS—Continued
HIDES AND SKINS—Continued
Livestock (federally inspected slaughter):
Calves
„
thous. of animalsCattle
-..
do...
Hogs
.do...
Sheep and lambs
do....
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb.
Calfskins, packers', 8 to 15 1b
do._.
507
792
3,807
1, 436
480
774
3,610
1,355
.137
.240
.127
.212
LEATHER
Exports:
Sole leather§
....thous. of 1b.
Upper leather§
thous. of sq. ft.
Production:
Calf and k i p . . .
thous. of skins.
Cattle hides
_._.thous. of hides.
Goat and kid
thous. of skins.
Sheep and lambt
do-_.
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb.
.367
Chrome, calf, B grade, black, composite
dol. persq. ft.
.495
Stocks of cattle hides and leather, end of mo.:
Total
thous. of equiv. hides.
In process and
finished
do...
Raw
do...
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs.
Dress and semidress
do...
Work
do...
Boots, shoes, and slippers:
Exports§thous. of pairs.
Prices, wholesale, factory:
Men's black calf blucher
dol. per pair.
6.00
Men's black calf oxford, corded tip...do.._
4.27
Women's colored, elk blucher
do...
3.30
Production, boots, shoes, and slippers:
Total-..
.thous. of pairs.
42, 772
Athletic.
do...
416
All fabric^satin, canvas, etc.)
do...
582
Part fabric and part leather,do...
1,153
High and low cut, leather, total
do...
35, 884
Boys' and youths'
..do...
1, 555
Infants'.
do___
2,166
Misses' and children's.
...do-..
3,969
Men's...
d o . . . 2 11,198
Women's
do...
16, 996
Slippers and moccasins for housewear
thous. of pairs.
3,722
All other footwear
do...
1,015
501
796
3,890
1,420
. 123
.214
437
738
3,886
1,378
457
822
3,219
1,448
.105
.187
432
842
3,045
1,489
r 412
812
3, 168
1,473
507
968
4,483
1,734
462
884
5,419
1,462
437
858
6,063
1,416
411
891
4,517
1,625
384
717
3,725
1,391
444
766
3,904
1,408
.102
.153
.123
.166
.140
.203
.146
.218
.133
.213
.133
.216
.124
.216
.129
.225
r
354
3,842
456
2,902
92
2,701
37
2,031
33
2,256
18
1,971
15
2, 752
4,000
2,626
2,209
2,776
435
2,679
1, 278
3, 416
2,799
3,781
1,566
3,413
3,212
993
1,590
3,259
3,357
936
1,452
3,087
2,880
953
1,534
3,077
2,873
996
1,739
3,030
3,261
844
1,597
2,830
3,050
980
1,977
3,098
3,643
912
1,941
2,672
3,411
964
2, 054
3,098
3, 320
994
2,182
2,953
3,494
' 1,014
' 2,119
r
3,064
' 3, 797
1,154
2,150
3,417
3.724
.345
.344
.340
. 325
.305
.300
.312
.343
.345
.355
. 355
.466
.469
.455
.453
.442
.440
.453
.466
.478
.481
.480
13,377
9,174
4,203
13,764
9,400
4, 364
13,998
9,544
4,454
0)
(')
(»)
0)
0)
0)
12,362
8, 584
3,778
12, 406
8, 735
3, 671
12, 721
8,905
3,816
12,718
8,875
3,843
12,779
8,879
3,900
12,940
8,945
3,995
146,345
81,355
64,990
169, 671
100,717
68,954
179,972
108,674
71,298
0)
(•)
0)
0)1
0)
(0
<*)
C)
(*)
0)
0)
0)
202
206
168
170
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
28,121
370
693
317
22, 808
1,227
1,602
3,007
6,908
10, 065
105
6.00
4.25
3.30
34,012
320
308
380
28, 478
1,391
1,710
3,437
8, 018
13, 922
39,603
349
318
522
33,109
1, 624
1,814
3,741
9,632
16, 299
35, 092
380
316
479
28,310
1,366
1,808
3, 399
8,687
13, 051
37,027
497
324
815
28,805
1,533
2,132
3,511
10, 265
11,365
30, 533
508
305
833
22, 541
r 1, 281
1,823
2,941
8,678
7,819
3,214
718
4,047
479
4,950
355
5,419
189
6,341
244
6,143
203
177
142
129
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
31,816
345
974
736
26,043
1,022
1,736
2,951
7,587
12, 747
30,138
344
1,037
450
24,198
1,163
1,599
2,711
7,416
11,310
3,002
716
3,219
890
108
6.00
4.25
3.30
14, 041 ' 13, 647
r 9,569 ' 9, 364
' 4, 283
4,472
196,519
118,020
101
219
6.00
4.25
3.30
6.00
4.25
3.30
31,624
36, 803
469
380
349
414
1,013
1,586
25, 430
32, 215
1,312
1,359
1,891
2,148
3,287
3,909
8,788 2 10, 254
10, 151
14, 544
4,120
243
204, 313
127, 698
76, 615
1,713
496
38,288
324
493
1,645
32 868
1,266
1,947
3, 954
*9,999
15, 704
.355
.486
13. 256
8, 987
4 269
235,190
146, 087
89,103
6.00
4. 25
3.30
r 42, 663
' 401
-453
•• 1,400
r 36,427
1,461
r 2, 256
4,217
••210, 666
' 17, 726
2,343
' 2,993
615 1
' 990
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.:t
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
960
443
434
202
79,865
14, 907
46,449
62, 349
60, 921
7,755
42,140
67, 504
50,968
2,541
35, 284
83, 861
2, 342
388
1,954
2, 569
422
2,147
6,685
1,514
5,171
2,227
357
1 870
2 405
383
2 0?2
6 5K2
1 487
5 065
2,298
359
1,939
2,479
393
2,086
6, 384
1,453
4, 931
2,175
322
1,853
2,228
357
1,871
6,331
1,418
4,913
2,392
325
2,067
2,391
369
2,022
6,333
1,374
4,959
9,900
11,600
9,200
9,600
15,850
6,450
11,150
7,100
7,000
16,200
5,750
10, 100
7, 600
6, 600
17, 500
8,075
10, 950
8, 550
7,275
19, 300
8,225
11,600
6,650
7, 650
18, 350
7,900
11,350
7,800
8,300
18, 350
51,344
73, 818
46,916
50,083
52, 712
47, 571
68, 765
51,938
52,624
51,426
31, 588
55, 519
48,413
44,642
55.197
25,
46,
44,
36,
62,
35,
44,
46,
37,
71,
45, 981
54,985
38, 409
35, 677
74, 235
45,931
62, 250
40, 369
40, 666
73. 938
37, 625
9,595
28,030
26,888
9,385
17, 503
32,170
9,130
23,040
30, 752
8,390
22, 362
14, 285
4, 157
10, 128
24,347
6,555
17,792 I
12,651
1,365
11,286
22. 908
24. 500
24. 500
24.990
25.970
25. 970
24. 990
24. 990
29.645
33.320
33. 320
34. 300
36. 260
36. 260
35. 280
35. 280
79,734
79,880
19,934
52,469
45,357
99,098
26,859
65, 731
71,006
91,180
14,892
62, 509
60,725
108,059
14,880
81,099
65, 714
98,296
11,155
68, 262
64,704
89,940
12,271
69,356
71,374
72,862
10, 342
56.499
74,975
73,911
10,085
53,023
71,548
2,568
381
2,187
2, 512
387
2,125
6,406
1,374
5,031
2.199
331
1,868
2,211
327
1, 885
7, 556
1,828
5, 728
2,343
328
2,016
2,398
335
2. 063
7,520
1,820
5,700
2.257
284
1,973
2,219
328
1,891
7,586
1.776
5,810
2,227
259
1,968
2, 355
339
2,017
7,482
1,699
5, 783
2,541
300
2, 241
2,665
379
2,286
7,363
1, 620
5,743
2, 484
353
2,131
2,751
399
2, 352
7,146
1, 573
5, 573
2,671
427
2 245
2,947
453
2,495
6.9H4
1,548
5,356
8,075
11,175
8, 275
8,325
18,200
6,350
9,900
6,850
6,950
19, 700
6,550
9,360
6,420
7,270
19,060
7,000
8,900
6,450
7,400
18,400
9,350
9,375
7,450
8,750
17,350
10,725
10,800
8,175
9,350
16,600
8,700
11,150
7,500
8,400
16,000
58, 267
74,089
43, 227
46, 428
70, 737
34. 438
61,242
41,190
41, 264
79, 397
45,935
61,461
43,865
45, 716
75,139
33,357
52, 512
38,015
43,127
70,027
49, 587
59, 380
41,658
44,412
65,317
65,836
72, 557
46,148
52,655
57,879
33, 243
13, 603
19, 640
45, 288
29, 078
21, 375
10,180
23,913 i 18,898
38,014
10,771
27, 243
22.050
21.928
21. 560
21. 658
27.440
27.195
26.460 1 26.656
SOFTWOODS
Douglas fir:
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.. 24. 010
Flooring, " B " and better, F. G., 1 x 4, R. !».•
dol. per M bd. ft.. 35. 280
61
6
36
71,
942
695
254
664
788
903
681
656
941
503
I
27, 896
12, 620
15, 276
»• Revised.
' Data not available.
JData for 1940 include fleshers and exclude skivers.
*Ncw series. These prices replace series shown in the Survey through the February 1941 issue; data beginning 1922 appear in table 16, p. 17 of the May 1941 Survey.
§Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey.
f Revised data for 1939 and January and February 194.0 appear in table 17, p. 17 of the May 1941 Survey.
2
Includes a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract.
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the April
1940 Supplement to the Survey
June 1941
1940
April
June
May
1941
DecemOctober November
ber
August
July
january
February
March
LUMBER AND MANUFACTURES—Continued
I
SOFTWOODS—Continued
Southern Pine:
Exports, total sawmill products. _.M bd. ft...
Sawed timber
do
Boards, planks, scantlings, etc
do
685
Orders, newt
mil. bd. ft._
580
Orders, unfilled, end of month
do
Price, wholesale, flooring., dol. per M. bd. ft. _ 48. 570
753
Production!
mil. bd. ft..
658
Shipments!
do
1,737
Stocks, end of month
do
Western Pine:
502
Orders, newf
do
490
Orders, unfilled, end of montht
do
Price, wholesale, Ponderosa pine, 1x8, No. 2,
33. 68
common (f. o. b. mills).-dol. per M. bd. ft..
468
Production!
mil. bd. ft._
478
Shipments!
.do
1,469
Stocks, end of month
do
West Coast Woods:
749
Orders, newt
do
735
Orders, unfilled, end of month
do
743
Production!
do
759
Shipments!
do
888
Stocks, end of month.
do
Redwood, California:
Orders, new
M bd. ft_-_ 38, 959
52, 724
Orders, unfilled, end of month
..do
34, 058
Production
...do
37,105
Shipments
do
255, 390
Stocks, end of month.
_
do
18, 348
5,838
12, 510
677
348
41. 662
651
660
2,028
25, 928
4,866
21,062
688
324
41.783
675
712
1,991
400
287
457
304
602
597
625
709
720
818
739
872
827
952
1,996
1,912
1,314
1,681
1,556
11,581
1,215
10, 366
763
550
50.585
734
813
1,477
421
300
495
326
653
442
629
532
546
486
441
433
397
380
425
394
380
400
480
466
33. 58
344
446
1,812
33.99
262
411
1,663
33.47
265
374
1,551
33. 37
343
414
1,479
666
676
675
681
855
660
701
669
634
889
799
746
752
756
885
29, 343
48,415
33, 700
32,738
267, 276
38,756
50, 930
31,622
33,233
262, 805
28, 209
4,341
23, 868
27, 689
3,597
24, 092
15, 990
948
15,042
22, 224
2,368
19, 856
10, 964
989
9,975
623
350
799
440
948
570
905
603
949
600
40. 865
41. 536
43. 045
46. 010
48.676
11, 293
1,868
9, 425
640
498
50.868
718
692
1,503
11,691
1,747
9,944
773
511
50. 750
763
760
1, 506
8,991
750
8,241
674
542
49. 943
676
643
1, 539
29.09
389
397
1,664
29.02
522
441
1,745
28.49
28. 01
28.17
29.71
31.73
541
425
570
469
618
537
549
539
544
592
1,861
1, 962
2,043
2,051
1,997
33.04
414
494
1,917
636
517
645
641
981
609
425
628
700
926
605
383
614
675
920
742
510
579
627
900
329
623
690
702
892
741
647
641
710
865
720
681
659
690
860
656
726
614
606
867
642
693
61*
677
851
263
555
310
391
231
29, 500
27, 468
29,293
28,016
292, 640
27,586
25,901
28,477
29,365
289,079
35,963
32,836
35, 545
32,173
31, 533
;;o,i56
ill, 290 29, 024
283, 907 286,622
47, 674
42, 855
36,059
38, 245
282,098
36, 581
42,849
31,468
36,318
275, 402
40,469
51,877
29, 761
31,476
270,158
62.0
62.0
63.0
60.0
65.0
71.0
76.0
6.0
20
40
74.0
19
10.0
15
23
61.0
14
7.0
14
22
62.0
14
4.0
14
25
3.0
23
32
3.0
24
38
4.0
28
43
3.0
29
46
62.0
57.0
64.0
69.0
75.0
12
15
18
21
85.1
102. 5
90.7
77.9
102. 3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102. 3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
31,450
31, 371
31, 207
31,562
298, 317
29,
26,
31,
33,
294,
33,131
52,859
35, 279
31,455
269, 424
7. 761
746
7.015
642
553
48. 788
734
631
1. 642
FURNITURE
All districts:
P l a n t operations
percent of normal..
Grand Rapids district:
Orders:
Canceled..
percent of new orders
New
no. of d a y s ' production
Unfilled, end of m o n t h
do
P l a n t operations
percent of normal
Shipments
no. of days' production.
Prices, wholesale:
Beds, wooden
1926=100.
Dining-room chairs, set of 6
do...
Kitchen cabinets
do...
Living-room davenports
do....
Steel furniture (see Iron and Steel Section).
77.0
74.0
25
5.0
21
40
74.0
23
8.0
17
33
75.0
20
3.0
28
42
72.0
20
6.0
22
42
73.0
21
5.0
22
42
74.0
21
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
83.5
100.9
89.4
87.2
83.5
100.9
89.4
87.2
83.5
100.9
89.4
87.2
805, 158 698,853
69,980
45,055
4,064
423
48
17
600,240
74. 378
796
150
567. 227
54, 383
6,273
5,401
75.0
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
long tons.Scrap
do
Imports, total
.
do
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton..
936,047 1,034,938 1,402,075 1,221,052 1,105,510
318, 369 327,129 355, 991 255,608 258, 926
3,542
2,105
2,508
5,505
3, 966
1
152
16
56
242
612, 906
221,152
6,674
482
783,964
312, 483
7,759
33
38.15
36.69
37.33
37.69
37.63
37.70
37.92
38.07
38.08
38.30
38.38
38.22
38. 27
5,802
6, 919
16, 937
15, 002
1, 935
185
3,935
465
18,106
15,155
2, 951
257
4,566
7,245
19, 603
16, 717
2,886
175
5,213
9,487
23, 516
20, 428
3,088
162
5,524
10, 383
28, 244
24, 608
3,636
249
5.701
10 480
32 935
28, 708
4.227
194
5,672
9,935
37, 090
32, 432
4,658
164
6,051
10, 009
41,125
36, 280
4,846
265
5,973
5,341
41,712
36, 925
4,787
229
6,173
9
36,073
31,792
4,281
174
6,331
0
29,794
26,167
3,627
155
5,673
0
24,195
21. 100
3,096
178
6,412
0
17, 761
15,407
2. 353
182
36
63
51
39
49
40
61
59
45
31
49
788,176
74, 349
980
252
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.-
15
Pig Iron and Iron Manufactures
Castings, malleable:
84, 844
45, 025
52, 994 53, 079
Orders, new
short tons.
35, 290
35, 563
71,129
64, 612
36, 503
66, 665
76, 055
81,089
Production
do...
76,109
38, 872
48, 926 49, 804
62, 293
57, 717
40, 529
34, 700
37,511
60,155
68, 742
63,331
61.4
75.0
71.2
50.1
46.7 | £8.8
Percent of capacity
42.7
83.6
78.5
45.2
74.2
(0
61,161
56, 321
73, 056
41, 975
45, 943
34,226 ! 43,216
65,884
62, 066
Shipments
. . .short tons.
33, 323
40, 919
60,127
Pig iron:
Furnaces in blast, end of month:
Capacity!
short tons per day. 140,310 106, 395 119,905 131, 360 131, 760 137, 500 140, 620 144, 290 148, 000 146, 770 152, 040 148, 555
195
172
190
202
Number
182
193
196
202
201
205
157
187
Prices, wholesale:
23.50
22.50
22.50
22.50
Basic (valley furnace)
dol. per long ton22.50
22.50
22.50
23. 50
22.50
22.50
22.90
23.50
24.15
23.15
23,15
23.15
Composite
do . .
23.15
23.15
23.15
23.15
23.15
23.95
23.15
23.95
25.89
24. 89
24.89
24.89
24.89
24.89
24.89
24.89
24.89
25. 29
25.89
Foundry, No. 2, northern (Pitts)
do-_.
25.89
4, 334
3,137
4, 238
3,514
4,054
4,403
3,819
4,446
Production!
thous. of short tons.
4,177
4,548
4,664
4,198
Boilers and radiators, cast-iron:
Boilers, round:
2,214
1, 848
2,371
2, 292
2,754
1,449
1.697
3,598
2,416
1,934
1,920
Production
thous. of lb.
2,071
1,358
2, ''32 I 3, 851
1,177
1,334
1,613
1,698
2,451
1.222
Shipments
do...
5,145
1,884
1,608
14, 107
13,873 | 12,513
13, 565
14, 923
15, 009
10, 622
Stocks, end of month
dO-._
13, 477
12,
391
10. 750
11,021
11,687
Boilers, square:
23, 525
17, 900
20, 922
17, 352
26, :.85 26, 340
32, 701
Production
...-do-..
18, 698
23, 788
18, 964
22,
579
23, 443
13, 360
10, 933
12, 024
22, 916
31,100
40, 342
43, 767
Shipments
...do...
14, 776
26, 059
18, 547
13, 086
14, 437
Stocks, end of month
d o . . . 117,058 105, 043 114,032 117,975 112, 369 107, 267 93, 029 82, 205 80, 064 80,564 89,300 99, 040
1
86, 293
60, 208
81.8
67, 415
152,750
205
23.50
24.00
25. 89
4.704
2, 252
1,092
13.256
22, 647
13, 489
106, 958
Discontinued b y the reporting source.
{Revised series. D a t a on pig iron converted from a long to a short tonnage basis; data for production beginning 1913 are shown in table 38, p . 14 of t h e October 1940 issue.
Revisions for 1939 and J a n u a r y and F e b r u a r y 1940 for southern pine, western pine, and west coast woods, and also revisions for 1938 for the latter group appear in table 17,
p. 17 of the M a y 1941 issue.
§Data for 1939 revised; see table 15, p . 18 of t h e ADril 1941 issue.
49
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1940
April
May
June
July
August
October
Govern- December
ber
ary
1941
FebruMarch
ary
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Pig Iron and Iron Manufactures—Con.
Boilers and radiators, cast-iron—Continued
Radiators, ordinary type:
Production..thous. of sq. ft. heating surface..
Shipments
.
do
Stocks, end of month
do
Boilers, range, galvanized:
Orders, new, net
number of boilers.Orders, unfilled, end of month
__do
Production
do
Shipments
do
Stocks, end of month
do
6,907
4, 495
30, 375
5,670
3,626
28, 896
6,579
4,539
30, 971
5,697
4,670
31,913
4,817
6,486
30,108
7,147
8,193
29,168
6,415
9, 436
26, 087
6,245
6,537
21, 831
7,244
5,839
23, 461
6,744
4,891
25, 393
6,871
4, 371
27, 890
69, 433
46,448
86,459
83, 404
38, 441
51, 062
18, 507
51, 012
51,716
34,158
72, 725
23, 048
68, 816
68,184
34, 790
75,427
31,158
70, 452
67, 317
37, 925
85,139
38,194
77,879
78,103
37, 701
64, 831
27,315
76,467
75, 710
38, 458
73, 821
32,119
68, 522
69, 017
37, 963
70, 989
38, 795
72,245
67,414
41,447
89, 748
45,615
80,705
82,928
39, 224
80, 583
50,777
74,113
75, 421
37, 916
94,
60,
82,
85,
35,
41, 353
35.3
8,849
52, 078
44.5
17, 017
50,346
43.0
12,967
50, 034
42.8
15,137
59, 661
51.0
20,764
50,651
42.5
14,483
67, 035
57.3
20, 770
57, 763
49.4
17, 993
71, 734
61.3
26,873
66, 355
56.7
21, 292
83, 545
71.4
28, 018
64,122
54.8
21,152
112,327
96.0
49,349
83, 938
71.7
31,811
94, 929
81.1
27, 718
81,192
69.4
32, 066
115, 343
98.6
45,154
85, 810
73.3
33, 932
110,579
94.5
34,887
94, 409
80.7
35, 397
105, 125
89.8
29,103
85, 492
73. 0
28, 692
r 4, 100
' 4. 968
72
«• 5, 657
'84
' 5r 725
83
' 6,186
' 6, 056
91
' 6. 645
96
' 6,469
97
r 6,495
r 6,929
43, 654
44,474
52,999
57, 791
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
34.00
. 0210
16.88
34.00
.0210
18.19
34.00
.0210
17.35
34.00
.0210
18.03
34.00
.0210
19.22
34.00
.0210
19.75
34.00
.0210
20.06
34.00
.0210
20.60
1,210
1,297
1,456
1,393
1,572
1,425
1,545
992
419
820
350
386
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons..
Percent of capacity
Railway specialties
short tons._
Production, total
do
Percent of capacity
Railway specialties
short tons-Steel ingots and steel for castings: t
Production
thous. of short tons._
Percent of capacity
Bars, steel, cold-finished, carbon, shipments
short tons.Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol. per long ton_
Structural steel (Pittsburgh)
dol. per lb-.
Steel scrap (Chicago)
dol. per long ton..
U. S. Steel Corp., shipments of rolled and_
finished steel products!--thous. of short tons.-
6, 758
98
r
126,140
107.8
47, 408
95, 185
81.3
30, 733
6, 238
97
' 7,132
100
.0265
. 0265
. 0265
34.00
.0210
20.00
34. 00
. 0210
19. 25
34.00
. 0210
19. 88
1,682
1,548
1,720
61
44,621
.0265
34.00
.0210
18.95
.0262
34.00
.0210
15.33
908
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
Plumbing and heating equipment (8 items),
wholesale price
dollars._
Porcelain enameled products, shipments!
thous. of dol. .
Spring washers, shipments*
do
Steel products, production for sale:f
Total
...thous. of short tons..
Merchant bars
do
Pipe and tube
do
Plates
do
Rails
......do
Sheets, total
do
Percent of capacity
.
Strip:
Cold rolled
thous. of short tons_.
Hot rolled
do
Structural shapes, heavy
do
Tin plate
do
Wire and wire products
do
Track work, shipments
short tons. -
428
1,463
77.2
1,474
37
235
951
54.7
949
37
292
930
53.5
916
51
377
1,098
63.1
1,102
47
350
1,081
62.2
1,075
53
436
958
55.1
700
1,305
75.1
1,298
54
431
1,520
87.4
1,534
40
402
1,457
78.9
1,455
42
486
1,452
77.8
1,442
52
370
1,454
76.7
1,444
63
276
1, 035
54. 6
1, 046
52
315
1,072
56. 6
1, 077
47
2,339
1,336
878
630
1,066
1,761
1,007
1,680
1,214
1,275
1,098
3,726
1,557
1,708
1,221
1,722
1,026
1, 563
835
2,210
994
1,544
850
3, 522
1,297
3,889
5,210
4,010
2,219
1,169
2,008
2,119
1,186
2,102
2,236
1,262
2,160
2,373
1,385
2, 249
2,240
1,286
2,339
2,601
1,495
2,392
3,323
1,728
3,090
3,336
2,181
2,884
4, 357
2,983
3,583
3,787
3,618
3,152
3, 852
4,102
3, 368
5, 050
5, 330
3,821
494
363
499
594
447
510
547
472
522
602
497
577
541
493
545
639
498
634
797
599
696
718
652
665
844
658
790
924
779
804
940
829
890
1,204
1, 103
929
236. 86
236. 78
236. 75
236. 75
237. 28
237.14
237. 27
237.31
237.31
237. 27
0)
0)
3,620
170
3,594
173
3,159
158
3,413
174
3,925
195
4,050
196
4,895
229
4,030
233
4,256
248
4,496
281
4,393
303
5,310
320
2,814
236
256
245
165
580
54.3
3,287
266
295
281
146
716
65.9
3,550
326
325
317
131
749
71.2
3,964
367
357
359
128
812
73.9
4,415
455
347
385
130
915
82.3
4,213
423
371
368
93
919
86.3
4,670
475
401
430
79
1,069
4,480
444
377
430
114
1,047
97.4
4,619
437
384
443
131
1,050
95.1
4,863
519
409
431
156
1.122
101.0
4, 587
455
384
416
154
1, 074
107.3
5, 046
463
436
454
177
1,177
107.3
52
45
99
210
248
274
7,276
56
104
234
244
300
6,075
60
104
286
239
328
6,063
72
110
331
244
353
70
121
311
193
339
5,496
147
362
189
382
5,505
83
138
374
200
350
5,733
89
139
331
203
374
7,151
95
153
363
209
409
6, 835
91
139
322
205
379
7, 973
102
155
374
252
431
10, 225
1, 346
1,383
1, 066
0)
331
11, 751
174
235
236
7,654
NONFERROIJS METALS AND
PRODUCTS
Metals
Aluminum:
50,158
86, 978
56, 789
97, 668
62,051 72, 403
44,923
45,117
46,850
53,357
Imports, bauxite
long tons.. 83, 400 33,449 43,110
Price, wholesale, scrap, castings (N. Y.)
2.1039
.0904
.0970
.1397
.0860
.0902
.0838
.0855
.0894
.0865
.0863
.1100
dol. per lb_.
Bearing metal (white-base antifriction), con2,373
2,296
2,
560
1,923
1,966
2,238
2,348
2,118
2,691
3, 257
1,
664
4,430
2, 667
sumption and shipments, total.-thous. of lb._
507
625
529
Consumed in own plants
do
614
622
363
475
560
505
620
876
643
999
2,053
138
2,
632
2,
Shipments
.-do
1,188
1,751
1,682
1,561
1,460
1,619
1,472
1,558
2,048
3,431
Copper:
Exports, refined and manufactures!
17, 903
13, 395
2?, 382
35,422
62,393
15,658
38,829
25,494
36, 236
38,512
18, 095
7,046
short tons_.
32, 790 25, 945
28, 532
35,159
40,710
43,044
27, 357
23, 684
30,550
23,041
22,635
70, 409
49,188
Imports, total§
do
20, 507
12,648
6, 693 11,359
27, 953
26, 446
27,498
24,610
19,120
28,134
14,335
17, 969
18, 086
For smelting, refining and export-§.._do
183
Product of Cuba and Philippine Islands §
799
2.014
214
25
1,415
1,842
1,197
203
1, 085
2,101
10
481
short tons..
11,283
8,034
7,509
4,185
8,499
17,019
314
13,187
36, 743
11,484
15, 149
All other §_
d o . — 52,141
569
r
1
Revised.
©Data are for 7 manufacturers beginning January 1940.
Discontinued.
2 Average for 14 days; not quoted part of month.
3 Average impossible due to lack of offerings part of month.
{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.
fRevised series. Steel products, production for sale, have been converted to a short tonnage basis; see table 45, p . 14 of the November 1940 issue. Steel production and
percent of capacity revised completely; for revision through 1939 see table 9, p. 16 of the March 1941 issue; revisions in 1940 data not shown above are: Production—Jan., 5,765;
Feb., 4,526; Mar., 4,389. Porcelain-enameled products revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p. 49 of the March 1941 issue.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 issue.
SURVEY OF CURRENT1 BUSINESS
50
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
April
June 1941
1940
April
May
June
July
1941
SepDecemAugust tember
October November
ber
January
Febru- March
ary
METALS AND M A N U F A C T U R E S — C o n t i n u e d
NONFERROUS METALS AND
PRODUCTS-Continued
Metals—Continued
Copper—Continued.
Price, wholesale, electrolytic (N. Y.)
dol. per lb._
Production:
Mine or smelter (including custom intake)
short tons-.
Refinery
do
Deliveries, refined, total
do
Domestic
_
do
Export
do
Stocks, refined, end of month
do
Lead:
Imports, total, except manufactures (lead
content)
short tons. Ore:
Receipts, lead content of domestic ore. do
Shipments, Joplin district!
do-..Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb_.
Production from domestic ore..short tons..
Shipments (reported)
do
Stocks, end of month.
do—
Tin:
Consumption of primary tin in manufactures
long tons. .
Deliveries (includes reexports)
- do
Imports, bars, blocks, etc. §
do —
Price, wholesale, Straits (N. Y.)--dol. per lb..
Visible supply, world, end of mo. .long tons..
United States (excluding afloat)
do—
Zinc:
Ore, Joplin district: 1
Shipments
short tons..
Stocks, end of month
do
Price, wholesale, prime, western (St. Louis)
dol. per lb.
Production, slab, at primary smelters:
short tonsRetorts in operation, end of mo
numberShipments, total
short tonsStocks, refinery, end of month
do
0.1182
88,271
88,659
123,629
123,580
49
97, 761
0.1109
0.1108
0.1113
0.1056
0.1071
0.1130
0.1183
0.1180
0. 1180
0. 1182
0.1179
0. 1181
84, 366 82, 682 79, 845 79, 327 79,967 78, 238 86,911
79, 240 r 85, 701
84, 283 85,135 83. 280
80,964
86,029
86, 077 90,995 80, 851 82, 843 83, 076 96, 283 97, 035 93,840 93,654
95, 322
71, 639 76, 485 65,155
74, 758 97, 719 96, 485 103, 771 102, 483 112.681 119,758 I 112,819 134,339
68, 665 69,467
61,716
134,
333
71, 226 96, 383 96,485 103, 771 102, 483 112,671 119,736 112,808
2,974
3,439
6
3,532
1, 336
7,018
10
11
22
169,120 178, 664 199, 586 215, 823 198, 955 185,313 164, 618 158, 418 142, 772 116,854 97, 689 89,873
39, 764
2,866
7,404
4, 723
16, 581
10, 230
10, 739
27, 739
19, 084
19, 205
19,707
14,321 i 27,991
5,126
37, 963
3,705
40,196
4,474
36, 957
3,538
36, 988
4, 393
37, 759
2,878
35,916
3,688
38,641
4,485
36,400
3,446
38,847
4,079
38, 433
4,652
34,705 I 38,282
3,915 I 3,778
. 0585
43.423
59,169
42,899
.0571
31,192
46,496
63,610
.0502
37,918
46,919
62,955
.0500
34, 041
49, 904
55, 343
. 0500
35, 343
52, 560
47,360
.0485
36,851
51,643
43, 321
.0493
41, 528
53,456
41,292
.0531
39,228
62, 496
35, 386
.0573
45,089
57, 510
35, 791
. 0550 . 0550
47, 208 54, 658
56, 755 55, 711
40, 926 47, 248
13,955
15, 247
.5196
38, 788
5,016
5,960
7,855
7,886
.4682
32,149
2,964
6,360
7,905
7,982
.5148
30, 562
3,677
6,420
9, 225
11,611
.5454
31, 869
5,300
6,370
7,325
9,185
. 5159
38, 736
6, 567
6,650
12, 470
12, 926
.5118
38, 040
6,583
5,800
11,410
14, 604
.5032
39, 450
9,438
6,230
11,820
10,116
.5150
40, 631
6,623
6,220
12, 505
10, 327
.5056
40, 046
4,362
6,210
9,358
14, 504
.5011
44, 678
9,179
6,600
12, 760
12,055
.5016
44, 719
9,442
«• 6, 660 8,130
16,092
12,195
13,896
9,836
.5205
.5140
44,107 39, 971
5,195
7, 489
46, 944
2,651
31, 424
5,454
41,183
5,851
33,530
9,201
35,116
8,842
.0639
34, 250
10,452
.0692
43,269
11,553
29, 538
17,045
40, 975
3,900
42,163
5,597
.0725
33, 296
7,091
.0725
.0560
47, 764
54,859
46, 604
.0577
46, 748
62. 090
45. 996
38, 566
4,495
.0725
.0575
.0580
.0624
44, 323
7,098
.0625
.0725
.0725
.0725
63, 305
64, 696
63,066
7,311
53,055
49, 805
46,803
78,396
51,457
57, 224
72, 629
48,213
46,577
53, 935
66, 907
52,098
47,545
57,606
61,399
51,010
50, 715
64,065
48, 344
52,869
53,164
67, 650
33, 563
56, 372
53, 979
65,713
24, 222
56, 459
55, 288
62, 295
18, 386
59,883
55, 288
65,385
12,884
15, 558
29, 576
.195
6,735
14,034
.183
7,056
21, 475
.183
7,181
22, 287
.185
21, 695
.186
8,076
17, 823
.183
8,706
31,365
.187
10,093
34, 221
.192
10, 232
32,017
.192
10, 567
29, 452
.193
,429
,139
.195
13,389 ! 14, 938
38,253 I 33,270
.195 | .195
974
1,801
665
736
382
1,005
445
695
541
1,041
496
716
1,124
516
693
1, 099
489
709
521
1,033
536
694
435
1,039
423
751
570
1,094
516
793
456
1,066
482
804
433
978
518
763
704
,105
572
773
703 |
1,493
1,317
594
720
0)
2, 425
2,675
(0
4,910
2,346
6,791
C1)
(0
0)
5,836
3,845
14, 668
0)
(0
0)
6,698
6,086
15,168
0)
0)
2,265
13,298
1,217
467
1, 640
515
520
1,769
391
761
2,196
334
499
2,430
264
957
2,744
643
3,271
282
1,657
4,109
629
1,497
5,087
615
4,172
8,563
825
2,640
10,174
1, 030
129.1
127.5
133.9
164.9
174.2
138.3
194.4
209.8
147.8
165.4
167. 2
160.0
161.2
162.0
158.6
264.0
284.8
201.8
254.2
278.8
188.7
257. 8
276.1
203.2
285. 3
301.8
235. 8
15, 889
4, 375
14, 394
16, 656
33
18,154
4,700
17, 829
19, 239
36
19, 672
5,985
18, 387
19, 367
25
23,008
6,974
22,019
23, 400
47
i!2, 772
8,202
31, 544
22, 870
38
41,895
8,607
41, 490
19, 617
54
41,029
9,056
40, 580
18,000
30
22, 705
7,562
24,199
18,415
52
17, 016
8, 043
16, 535
16, 860
44
6,490
8,256
9,837
16, 565
23,117
30,951
25,180
10, 596
125
29,677
93.4
161
42, 332
92.5
218
38, 508
92.3
275
58, 426
88.3
352
IS, 411
93.3
386
80,837
94.9
410
80, 4 24
249
45, 487
95.4
33, 236
829
20,971
35, 245
804
22,099
41, 419
928
20,415
38,476
853
19,113
38, 409
247
21, 503
33,637
905
18, 657
32, 634
874
18, 688
1,178
1,809
2, 878
2,952
.0725
60,414 ' 56,359 r 63,390
61,224
58,000 59,688
63,483
63, 272 59,220
10,026 ' 7,165 '7,072
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
short tons
Orders, unfilled, end of month
do..
Sheets, brass, wholesale price, mill..dol. per lb_.
Wire cloth (brass, bronze, and alloy):
Orders, new
thous. of sq. it..
Orders, unfilled, end of month
do.
Shipments
do.
Stocks, end of month
do.
MACHINERY AND APPARATUS
Air-conditioning (circulating, cooling, heating,
and purifying) equipment, new orders:t
Air-conditioning systems and equipment
for summer and year-round use
thous. of dol.
Blowers and fans
do
Unit heaters
..do
Warm-air furnaces, winter air-conditioning
systems, and equipment
thous. of doL.
Electric overhead cranes:
Orders, new
do
Orders, unfilled, end of month
do
Shipments
do
Exports, machinery. (See Foreign trade.)
Foundry equipments
New orders, net, total
1937-39=100..
New equipment
do
Repairs..
do
Fuel equipment:
Oil burners:
Orders, new, net
number,.
Orders, unfilled, end of month
do
Shipments
do
Stocks, end of month
do
Pulverizers, orders, new
do
Mechanical stokers, sales:
Classes 1, 2, and 3
do...
Classes 4 and 5:
Number
Horsepower
Machine tool activity! percent of capacity.
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.
377.2
405. 3
292.5
23, 642
15, 266
22,819
23, 701
33
3,923
1,963 I
2,437
2, 556
2,374
2.291
11,034 | 12. 225
1,063
1,102
281.1
295.9
236.6
315. 2
329.3
272.7
513
353
203
027
48
16,328
10,590
16.091
19,941
56
22,013
14, 443
18,160
22,871
44
6,103
5,330
5,408
9,710
254
51, 671
96.8
171
56,011
97.8
177
42,510
215
52, 894
30,134
906
15, 477
20, 813
969
11,511
44,332
887
17, 666
41.504
849
16, 703
41,318
917
18,748
3,025
4,042
5, 648
18,
10,
16,
18,
4.482 :
4,820
f Revised.
1[Data for M a y , July, and October, 1940, January and April 1941 are for 5 weeks; other months, 4 weeks.
* Reports indefinitely suspended.
t Revised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939; see p. 50 of the September 1940 Survey. Index of total foundry
equipment net new orders beginning January 1940 is based on average sales to metal-working industries during 1937-39; earlier data are based on the old new orders index (192224 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only beginning May 1940.
§Data revised for 1939; see table 15, p . 18 of the April 1941 issue.
JThis series has been discontinued by the reporting age ncy.
51
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
1941
1940
April
May-
June
July
j August
I
September
DecemOctober November
ber
January
Febru-
March
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
Unadjusted
1934-36=100-.
Adjusted
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936=100_.
Adjusted index
do
Ironers, household
units
65, 692
Ranges*
______
do __
*482, 498
Refrigerators
do
Vacuum cleaners, floor type .
do ___ 165, 672
44,602
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
--- kilo watts _. 13, 774
997
Value
thous. of doL.
Electrical goods, new orders (quarterly)
thous of dol
2,659
Laminated fibre products, shipments
do
Motors (1-200 hp.):
5,044
Polyphase induction, billings!.do
6,195
Polyphase induction, new orders J __ __do
1,
369
Direct current billings
do
2,060
Direct current, new orders
_ do
Power cable, paper insulated, shipments:
Unit
thous. of ft. _
Value
thous. of d o L .
Vulcanized fibre:
Consumption of fibre paper
thous. of lb._
Shipments
thous. of dol
67
123
73
132
91
133
130
135
186
139
207
133
208
123
198
142
160
142
102
128
81
128
81
134
134.9
103.8
11,984
43,308
339, 693
140,223
30, 441
135,179
140.3
114.5
10,590
42,983
385, 688
144,091
30,060
118,987
114.6
104.0
8,571
33, 403
328,950
120, 200
24,037
112,134
101.8
104.3
11,464
29,626
248,538
74,565
20,045
116,422
102.5
104.9
13,848
29,128
206,418
87, 820
23,047
147,878
112.2
112.2
21,007
32,167
112,309
108, 564
30, 359
149,002
122.3
130.2
23, 282
34, 714
88,187
114,699
38, 270
168, 527
91.1
128.6
18,925
25, 248
79,815
112,309
39, 376
100,787
88.4
128. 5
23,191
24, 626
115,236
125, 037
36, 274
92,474
144.3
181.3
20, 986
50, 516
376,214
117, 408
30,177
133,411
157. 7
169.0
20,492
51, 790
358, 402
129, 302
34, 696
155,546
192.1
145.6
17,166
61, 647
r
423,010
178, 045
46, 284
191, 325
112.8
107.1
112.7
117.2
107.6
160.9
113.8
155.0
126. 5
146.6
123.9
161.3
147.7
254.3
148.2
223.9
164.8
262.0
187.4
220.6
194.5
275. 7
223.3
342.0
r
127.7
126.0
181.9
170.2
159.6
119.6
230.7
214.2
219.8
269.0
356. 5
251.3
4,697
314
4, 905
407
5,381
476
5,241
421
5,137
372
18, 847
1,049
16,965
1,341
12, 228
1,043
31,866
1,766
10, 516
924
21, 508
1,719
31,595
1,402
1,320
1,308
268 120
1,325
1, 313
1,408
411,595
1,454
1,718
1,812
514,816
2,023
2,123
2,330
554,115
2,606
2,857
3,013
815
692
3,126
3,039
830
946
3,000
3,186
866
1,703
3,083
3,345
914
1,437
3,280
3,536
915
1,240
3,207
3,693
1,008
1,371
3,703
4,731
1,212
2,674
3,524
4,628
1,297
2,209
4,358
6,397
1,412
2,065
4,121
4,635
1,399
1,862
4,353
5,829
1,381
2,738
4,679
7,523
1,762
2,938
1,373
1, 595
628
813
728
902
758
836
757
998
1,253
1,463
1,154
1,163
891
1,110
586
739
998
1,167
1,083
1,172
1,284
1,457
1,209
1,253
3,471
1,158
2,556
537
2,205
554
1,999
458
2,449
556
2,443
681
2, 373
599
2,582
714
2,742
716
2, 981
805
3,088
926
3,012
838
3,448
1,029
PAPER AND PRINTING
WOOD PULP
Consumption and shipments: • §
Total, all grades
short tons..
Chemical:
Sulphate, total
do—
Unbleached
do
Sulphite, total.
do—
Bleached
do
Soda
do
Ground wood
-do
Exports, total, all grades*...
do
Imports, total, all grades*
_-do.__Chemical:
Sulphate, total*._..
do
Unbleached*
do
Sulphite, total*.
do....
Bleached*
do.-..
Unbleached*
-do —
Groundwood^
do—
Production:!
Total, all grades
do—
Chemical:
Sulphate, total
do—
Unbleached
do...
Sulphite, total
do.__.
Bleached
do
Soda
do_...
Ground wood
do —
Stocks, end of month:§
Total, all grades
do.__.
Chemical:
Sulphate, total
do—
Unbleached
do—
Sulphite, total
....do....
Bleached
do..-.
Soda
do
Ground wood
do
Price, sulphite, unbleached
dol. per 100 lb_.
r
835, 400 717, 300 775,400
749,000
744,600
751,000
693,300
764,600
747,000
736, 700
781, 300
729, 700
85,136
287,900
245,900
222,400
144,500
41, 800
165,100
37, 417
109, 986
320, 300
276, 300
231,000
145,100
50,500
173,800
57,923
81,345
315, 700
265,800
221,800
140,900
47,900
163,500
40,864
93,358
311,600
264,800
230, 700
145,100
45,100
157,100
64, 702
86, 426
318, 700
270,000
225,400
139,900
42, 200
164, 700
60,379
83, 640
301,800
252, 700
209,900
129,600
36, 900
144, 600
32, 256
65,554
343, 300
288,800
210,000
128,800
42, 600
168,700
39,359
68,112
331,800
281, 200
216, 600
130,100
37,900
160,600
28,693
70, 549
322, 600 ' 342, 400
273,400 '288,200
214, 200 '223,100
128,300 131,600
44, 700
46, 800
155, 300 169,000
36, 627
23, 501
70,686
72,493
317, 200
266, 700
214,200
124, 600
43,000
155, 300
24, 870
69,821
363, 900
305, 600
242, 700
146, 000
48, 300
173,700
37,999
84, 967
14, 431
9,845
53,184
30, 575
22, 609
16, 394
30, 856
24, 889
65, 035
34, 068
30, 967
13,403
11,815
6,669
50, 045
26,822
23, 223
18, 446
17,817
13, 058
53, 349
30, 294
23, 055
21,138
11, 385
5,546
54, 882
27, 662
27, 220
19, 218
17,920
12,036
55, 318
31, 376
23, 942
9,557
11,253
7,062
40,188
21, 247
18, 941
13,187
10,869
6,515
43,509
25,112
18, 397
12,903
12, 521
7,872
46,423
27,399
19, 024
10, 745
13, 659
8,001
45, 554
28, 227
17, 327
9,495
16, 287
10, 268
55, 699
30,156
25, 543
11, 731
366,000
308, 300
242,100
146, 600
48, 000
179, 300
14,438
8,414
44,520
23,603
20,917
11,030
15, 671
10, 465
45, 907
25, 859
20,048
10,199
829, 652 726,175
787,043
744,077
718,833
751, 751 689, 595 774, 512 762, 658 744,103
287,921
246,673
210, 265
135, 036
41, 694
186,295
321, 622
277,063
226,335
142, 802
48,085
191,001
311,093
264,389
221,971
141,076
48,446
162,567
310,147
264, 238
217, 261
135, 779
45, 723
145, 702
329,665
279,973
232,862
144, 834
42, 737
146,487
190, 700 170,900
182,500
177, 600 151,800
354, 505
296, 254
238, 546
143, 227
47, 622
189, 030
37, 900
32, 400
60, 400
34, 800
6, 600
85, 800
3.46
17, 600
10, 500
81,50©
52,100
6,400
65,400
2.96
19,000
11,300
76,900
49,800
4,000
82,600
3.18
14,400
9,900
77,000
49,900
4,500
81,700
3.34
12, 800
9,200
63, 600
40,700
5,100
70, 300
3.46
801, 442
727,445
825,122
329, 792
278, 582
218,103
126,167
38,861
175,902
325, 331
276,939
207,102
122, 591
45, 376
166,294
355, 473
299,194
225, 494
135, 856
45, 715
174, 760
320,085
270, 780
203, 300
120,733
42,160
161, 900
362,119
303, 700
237, 479
140,900
48, 290
177, 234
152, 600 148, 900 158, 800 174,500
181, 900
202,100
199, 900
196, 400
32,300
27,600
84, 800
48, 600
8,200
49,200
3.46
35,100
31, 200
77, 700
42,900
8,900
60,200
3.46
48, 200
42, 200
80,100
47,200
7,800
66, 000
3.46
51,100
46, 300
69, 200
43, 300
7,000
72, 600
3.46
49, 300
44,400
64,000
38, 200
7,000
76,100
3.46
23,900
19,300
71,000
45,600
5,600
52,100
3.46
309, 348
260,298
208, 238
128,613
37, 092
134,917
31, 300
26,900
69,400
44,600
5, 800
42, 400
3.46
346,346
292,182
223,951
136,705
44, 001
160, 214
34, 400
30,300
83,300
52, 500
7, 200
33,900
3.46
PAPER
Total paper, incl. newsprint and paperboard:f
937,032 1,039,708 980,385 958, 374 979, 631 867, 691 1,003,971 949, 422 908,471 '1,002,800 ' 939,246 1,055,745
Production
short tons..
Paper, excl. newsprint and paperboard:f
489, 923 514, 683 471, 457 398,861 390, 325 379, 447 435, 059 424, 064 417,776 'r 488, 585 ••470,844 569,085
Orders, new
short tons..
433,189 479, 257 454, 898 446, 234 440, 264 387, 255 442, 610 420,810 420,005 466, 697 ' 433.107 482,611
Production
do
421, 506 484,801 472,531 448, 043 428, 306 386, 431 432,521 416,419 415,625 ••471.114 ' 444,218 496, 262
Shipments
do
f
Revised.
*» Preliminary.
•Domestic pulp used in producing mills and shipments to market.
Preliminary.
tShown in 1940 Supplement and monthly issues through February 1941 as A. C. motors.
IData revised for 1939; see table 15, p. 18 of the April 1941 issue.
tRevised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934, see table 43, pp. 12 and 13 of the November 1940
**New series. Data beginning 1913 for wood pulp are shown on p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18
of the November 1940 issue; the note with regard to the coverage of the industry has been revised to read: The Association believes the coverage for 1936-40 was between 90
and 95 percent; no data are available for coverage prior to 1936. Earlier monthly data for the indexes of domestic appliances excluding refrigerators will be shown in a subsequent issue.
§Revised 1939 and January 1940 data and an explanation of revisions in the 1940 data will be shown in a subsequent issue. Revised data beginning February 1940 are
shown on p. 51 of the April 1941 issue.
SURVEY OF CURRENT BUSINESS
52
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1940
1941
April
June 1941
April
May
June
July
Au
Sllst
temb'er
October
December
ber
January
Febru- A r ^ r c h
ary j '
PAPER AND PRINTING—Continued
PAPER—Continued
Book paper:cf
Coated paper:
Orders, new
short tons..
Orders, unfilled, end of month
do
Production
do
Percent of standard capacity
Shipments
short tons. Stocks, end of month
do
Uncoated paper:
Orders, new
do
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, English finish,
white, f. o. b. mill
dol. per 1001b__
Production
short tons..
Percent of standard capacity
Shipments
short tons. Stocks, end of month
do
Fine paper: t
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Wrapping paper: t
Orders, new
.do
Orders, unfilled, end of month
do
Production
do
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....
Tn transit to publishers
do. - Paperboard:
Consumption, waste paper
do_._
Orders, new
do...
Orders, unfilled, end of month
do. _.
Production
do._.
Percent of capacity
Waste paper stocks, at mills
short tons,
19, 231
6,624
17,560
64.6
16,693
15,076
21,195
7,807
20, 928
72.1
20,107
16,110
20,359 I 15,321
8, 618
5, 561
19,717
19,487
74.0
69. 7
20,695 | 19,615
15,089
14,927
14, 896
4,852
17, 333
59.7
17,038
15, 331
13, 520
4,845
13, 672
57.5
13, 570
15,024
16,968
6,174
17, 726
65.9
15, 967
15, 326
20, 546
6,772
19,636
67.6
19,943
14,971
! 20 107
! 8. 532
I 18, 949
!
73.4
j 19.2S0
I 14, 622
150, 707
93, 257
106, 471
48,031
123, 379
61, 758
119,300 ! 90,251
66,165
54, 432
94,183
46,206
89,059 101,660
97,667 j 98,679
43,337 j 41,334 I 45,775 I 48,845
117,435
55,711
113.640
61,920
6. 30
121, 913
95.4
127, 587
50, 754
5.95
101,422
82.8
100, 687
58, 375
5.95
115,351
88.5
109, 723
62, 972
5.95
109, 905
91.7
114,727
59,511
6.30
99, 298
77.3
95, 074
68, 555
6.30
96, 229
6.30
107, 721
81.0
109,982
64,141
6. 30
6. 30
104.071 120,879
93.8
86.8
107, 35Q 125.404
61,373 | 56,721
48, 209
20,611
42,260
41, 455
64, 913
52, 921
26, 224
46,065
47, 504
63, 797
42,
18,
42,
42,
64,
808
696
997
375
936
40,309
17, 751
42,017
41,078
67. 178
205, 323
111,026
159,001
155, 651
92, 309
197, 542
120, 953
178,472
188,088
83, 505
158,156
77, 967
157, 204
156,992
81,870
156,576
84,749
154,819
149,794
86,875
276, 452
279, 996
285,789
180, 389
263, 884
268,947
267,134
214, 550
301, 209 320,655 I 318,841
323, 563 315, 343 332, 689
334,441 338,446 337, 508
203, 672 180, 569 175, 750
3(11, 654 301, 293
316,607 282, 322
3*2, 234 284,133
160,123 158,312
275,822 I 276,586
309,957 j 282,344
287, 943 286, 739
180,326 175, 931
263,450
252,897
276,457
152.371 |
211,022
261,298
243, 394
170, 275
219.464 232,197
245 607 275. 769
239,745 ' 265.724
176. 137 1S6. 182
256. 431
237, 639
50.00
87,000
91, 487
244,181
224,401
50.00
86,277
85,412
257, 565 241, 639
262,983 254,920
50.00
50.00
90, 207
84, 762
88, 912
85,194
206,913
261, 727
50. 00
82, 579
86, 229
213,105
258, 055
50. 00
86, 633
81,714
238,176
239,679
50.00
77,888
77,470
261,028
229, 561
50.00
88,192
88, 774
251, 457
257, 020
50. 00
85, 338
87, 331
256, 036
217, 323
50.00
80, 837
84,037
229, 799
192, 240
50. 00
89,124
84,141
239,362
187, 170
50.00
79 7°0
81,241
14,303
255, 588
46,679
16, 680
238,670
42, 329
'17,975
247,206
43,312
17, 543
257, 567
47, 435
13,893
318,609
44, 679
18,812
361,179
45, 245
19, 230
364, 207
45,919
18, 648
339,211
42, 039
16, 655
327, 913
39,188
13, 455
308, 880
47, 592
18,438
301,562
34, 719
16,917 j 18.790
284 799 252,856
42,1G3 i 44, 312
357, 091
580, 038
330, 779
499. 930
87.9
262, 398
291,285
480, 250
166,830
417,, 566
70.9
225, 577
338, 241
517,221
204, 249
470, 244
77.1
235, 706
324,448
437, 874
195,037
440, 725
77.8
240, 039
299,781
398,191
160, 541
429, 561
70.3
251,823
317,909 283. 660 333, 739 322, 991
411, 966 399,133 486,181 426, 614
131,890 131, 242 140, 027 128,222
45:2,604 402, 548 473,169 443,274
73.9
71.2
75.7
77.8
24.5, 378 245, 685 249, 860 260, 320
275, 353
393, 026
115,143
407, 629
70.7
269, 755
322, 408
520,931
160, 561
446,979
76.1
264,393
91, 707
95,478
84, 253
82, 324
2,618
2,467
151
2,999
2,821
178
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
_
reams. 129,119
Paperboard shipping boxes:
Shipments, total
mil. of sq. ft.
Corrugated
do - _ _
Solid
fiber
do...
PRINTING
Book publication, total.
no. of editions.
New books
do...
New editions
do
Continuous form stationery, new orders
thous. of sets_
Operations (productive activity)
1923 = 100.
Sales books, new orders
thous. of books.
21.862
9, 076
22. 167
80.8
22 059
14, 397
28. 27(5
14.091
22, 230
81.0
22, 648
13, 923
918
800
118
188,909
0)
21.331
953 I
807
146
137, 820
78
17, 387
49,831 |
30,335
43,489
45, 770
61,901
163.646
115,997
164,077
168,415
79, 929
6.23
106, 715
84.1
106. 572
60, 424
36,180
24, 388
42, 899
43, 086
60, 750
6.30
106,091
78.8
103,839
63, 505
I
152, 619
102, 149
168, 567
167, 708
80,961
18,334
5,108
18,163
62.5
19, 431
14,158
6.30
89, 512
77.8
91, 937
59, 686
6.30
106, 482
80.9
103, 493
63,152
35,130
34, 687
18,817
17,893
13,418 | 37, 399
11,412
36,373
52, 294
63,160
41, 643
16, 534
44,751
43, 448
64,093
144, 649
31,622
166,125
164,852
81,774
133, 381 165, 209
j 73,354
76, 590
j 140,464 162, 492
! 141.373 159, 429
81, 508
I 80,398
98,135
101,125
111,106
0)
15, 990
5,264
16, 045
58.0
16, 424
13,633
96, 378
66, 574
101,925 ! 90,670
133.970
70.048
r
49, 492
48. 699 I 56. 445
21, 342 r 22, 69<; i 35 605
45,169 '42,604 ! 47, 556
46, 750 * 44, 032 i 47, 747
66, 826 '65.041 ! 65, 489
I 177,007
j 89,722
! 172,622
i 172,176
S 89,015
167.135
96,294
157,757
158. 726
84,075
i 214.238
i 135,387
i 174.357
177. 163
: 87.556
i 258,518
I 221. 542
| 50.00
i 87,376
I 85,503
! 310. 969
! 470.671
I 202, 284
426.419
81.5
! 200,890
371.253
543, 988
252.W1
485, 758
85.4
253, 009
106,890 i 116,944 ' 137,17
0)
0)
(>)
949
812
137
717
608
109
142,780 163, 493
80 !
75
17, 999
18,537
139,161
79
18, 203
746
655
91
722
651
71
988
822
166
1,027
916
111
137, 202 J 162,347
170,828
157, 474
921
745
176
(0 !
18,740
(0
16,940
0)
0)
18, 559
17, 405
1,122
889
233
183, 392
0)
17, 481
568
508
60
891
169
1,310
1,100
210
171,273 I 192.228
(0
I 0)
19,947 I 18.32S I 19,621
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER
Crude rubber:
52, 301 j r 54, 513 r 47, 834 r 48, 354
53, 307 r 52, 469 r 59,644
716 ' 59, 709 j" 65, 989 j r 62, 692 , r 09, 024
Consumption, total?
long tons..
118,314
103, 744
108,156
For tires and tubes (quarterly)
do..
86,833 ! 73,973 i 87, 123
97,984
72, 901
51,431
78,972
74,696
70,700
53,889
69,474
73,028
Imports, total, including latexj
do
.208 |
.204
.212
.193
.203
.216
.192
.222
.211
.196
.221
.199
Price, smoked sheets (N. Y.)
dol. per lb._
99.254 127.189 I87,011 123,047 110,348 127,313 120, 857 133,784 126,228
Shipments, world§
long tons.
• 126,575 -flow; 139, 180
r
456 000 458,000 ' 487, 000 533,000 566,000 • 609,000
Stocks, world, end of month
do._.
(2)
()
()
188,000 210,000 235,000 250,000 255,000 265, 000 265,000 250, 000 250,000 265, 000 245 000
Afloat, total
. do . .
102,557 109,364 119,138 139,629 141, 286 '137,888 166,837 158,095 145,950 I 153, 169 136.955 140.228
For United States
do j 153.484
26, 500
22 000
21,000
36, 000
19, 500
50,000
(2) I
(2)
London and Liverpool
do
(2)
(2)
84, 361
80, 600
80,375
92,895
78, 485
78, 029
73,799
75,560
British Malaya
._ .
_. do..
77,471
75,
877
'309,411 320,373 '338,147
329, 707 r152, 645 •148,881 r 154,313 • 175, 455 • 194,7G0 - 220, 597 • 235, 353 '250,412 •288,864 [•
United States^
do_
Reclaimed rubber ?
r
15. 163 »• 14, 539 '14.464
• 14, 835 r 16, 807 • 16,312 ' 17,397 I ' 19,086 •18,222 ' 19.611
20. 427
Consumption
do
16 573 'r 15 984
22, 000
20. 413 • 19 506
17 499 ! r 16, 581 r 14, 299 r 17,161 •16,379 r 19, 300 - 17,636 • 19.239
21, 574
16 518
Production
do_
Q 33, 38' 33, 654 r 35, 02S
26 492 r 97 141
701 - 27, 129 r 28, 520 ' 29,039 r 30, 816 ' 31, 459 j r 32, 636 i '380
I 35,336
Stocks, end of month
do_
i 41,176 I
39,844 !
I
I 35,735
Scrap rubber consumption
do.
f
l
Revised.
Discontinued by reporting source.
* Reports indefinitely suspended.
tRevised series. For revised data for fine and wrapping papers beginning 1934, see table 43, pp. 12 and 13, of the November 1940 Survey.
JFor monthly data for 1913 to 1938 corresponding to the monthly averages on p. 148 of the 1940 Supplement, see table 28, p. 18, of the May 1940 Survey; for revised data
for 1939, see table 15, p. 18 of the April 1941 Survey.
d^In recent months, the number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.
§Beginning with the January 1941 Survey, data for world shipments of crude rubber are from the Statistical Bulletin of the International Rubber emulations Committee;
earlier data from this source have been in close agreement with data compiled by the Bureau of Foreign and Domestic Commerce, shown in previous issues of the Survey.
IData beginning Jan , 1940 have been revised on the basis of the 1940 Survey made by the Department of Commerce. Revised data not shown above are as follows:—
Crude rubber—consumption, Jan. 58,061; Feb , 52,078; Mar, 52,454: world stocks, Jan., 431,000; Feb., 124,000; Mar., 436,000: IT. S. stocks, Jan., 139,304; Feb. 129.023: Mar.
134,871. Reclaimed rubber—consumption, Jan., 16,341; Feb., 15,629; Mar., 16,200: production, Jan., 19,239; Feb., 17,938; Mar., 17,182: stocks, Jan., 27,089; feb., 27,962;
Mar. 27,524.
(•)
T
53
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
April
April
June
May
July
August
1941
September
DecemOctober November
ber
January
February
4, 968
4,991
2, 624
2, 249
118
' 9,127
'
'
'
'
5,486
4, 850
2, 291
2,430
128
9,797
'
'
'
'
5,161
4, 896
2, 546
2,197
153
' 10, 029
5, 686
5, 517
2, 638
2, 722
158
' 10,149
'4,656
' 4,644
87
'7,017
' 5,113
' 4, 474
96
'7,633
' 4, 887
' 4, 610
102
' 7, 924
' 5, 349
' 5,181
137
' 8, 069
5, 543
5,166
10, 754
5, 827
5,359
11, 222
March
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:f
Production
thousands..
Shipments, total
do
Original equipment
....do
Replacement equipment
-do
Exports
..do
Stocks, end of month.
„
.do
Inner tubes:f
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_.
5,813
6,050
2,334
9,958
5,496
5,371
8,143
r
5,092
r 5, 037
r 2, 095
' 2, 855
87
10, 867
r 4,615
r 4, 547
57
r
8, 191
r
' 5, 413
r 5, 755
r 1, 998
' 3, 662
96
10, 523
' 4, 788
'4,318
858
' 3, 350
110
r
9, 350
5, 131
r 6, 803
1,925
' 4, 781
96
r
8, 871
r 4, 351
' 5, 686
74
'6,849
r 4,737
r 4, 745
78
* 8, 206
' 4,020
' 3, 793
89
' 7, 096
' 4,676
' 4,123
705
' 3, 303
115
'9,911
'4,413
r 4, 462
1, 465
r
2, 892
106
r
9, 837
'
'
'
'
5,077
5, 525
2, 320
3, 048
158
9, 410
' 4, 732
' 4,969
2,435
' 2, 404
130
r
9,163
' 4,306
'3,600
96
r
7,794
T
' 4, 548
'4,876
124
' 7, 648
' 4,104
'4,690
106
' 7, 056
70,972
4, 099
3, 952
84
' 7, 970
r
66,849
'
'
'
'
'
'
'
'
75,475
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
thous. of pairs..
do
do—
5,128
3,902
16,881
5,075
3,862
18,095
4,528
3,737
18,886
3,323
4,567
17,641
4,583
5,808
16, 386
4,046
6,200
14,232
5,105
5,971
13, 365
5,146
6,633
11, 878
5,369
6,118
11,129
5,939
6,614
10, 377
r
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
12, 490
10, 043
12, 633
Production
thous. of bbl.. 12,196
58.9
47.5
58.0
59.3
Percent of capacity
.
13, 223
10, 829
13, 206
Shipments
thous. of bbl.. 14,132
24, 010
25,348
24, 758
24, 052
Stocks, finished, end of month
do
6,606
6,205
5,907
6,071
Stocks, clinker, end of month
do
CLAY PRODUCTS
Common brick:
Price, wholesale, composite, f. o. b. plant
12.116
12.164
dol. per thous-. 12. 323 12.132
Shipments
thous. of brick..
176, 786 197, 021 186, 472
Stocks, end of month.,
do
408,147 392, 975 397, 336
Face brick:
52,495
61,195
66,190
Shipments
...do
273, 526 262,463 253, 326
Stocks, end of month
do
Floor and wall tile shipments:
5,719
4,994
5,428
Quantity
thous. of sq. ft-.
1,341
1,399
1,254
Value
thous. of dol-.
Hollow building tile:
86,062
84, 339
79, 089
Shipments....
.short tons..
361,660 361,648 361, 759
Stocks, end of month
do
Vitrified paving brick:
5,153
5,081
2,897
Shipments
thous. of brick.44, 049
43, 914
43, 627
Stocks, end of month..
do
GLASS PRODUCTS
Glass containers:
4,429
4,584
4,701
5, 325
Production..
-thous. of gross.69.1
70.5
68.8
Percent of capacity
79.7
4,763
5,230
Shipments, total
thous. of gross..
' 4, 355
5,573
248
281
211
Narrow neck, food*
..do
289
955
932
883
Wide mouth, food*
do
1,113
41
31
37
Pressed food ware*
.
do
35
637
640
Pressure and non-pressure*
do
510
633
397
781
295
Beer bottles*
do
418
842
637
617
Liquor ware*
do
865
1,131
1,254
1,269
Medicine and toilet*
___..!
do
1, 522
273
306
317
General purpose*
do
405
200
171
200
Milk bottles*
do
229
102
18
59
Fruit jars and jelly glasses*
do
41
10, 234
9,180
Stocks, end of month
do
10, 078
9,612
Other glassware, machine-made:*
Tumblers:
3,877
3.648
3,995
Production
thous. of doz..
3, 838
4,048
3,628
3,974
Shipments
do
4,387
7,560
7,537
7,708
Stocks
do—.
7, 499
Table, kitchen and householdware, shipments
2,185
2,668
2,745
thous. of doz__
3, 922
9,783
11,721
Plate glass, polished, production.thous. of sq.ft- - 18, 344 12,367
1,068
908
1,023
Window glass, production
thous. of boxes-1,400
63.1
55.9
65.8
Percent of capacity
86. 3
GYPSUM AND PRODUCTS
Crude:
313,340
Imports
__.short tons..
917,234
Production
do
Calcined, production
do
19,174
Gypsum products sold or used:
263, 028
Uncalcined
do
Calcined:
509, 602
Building plasters
do
30,444
For mfg. and industrial uses
do
7,303
Keene's cement
do
519,767
Board and tile, total
thous. of sq. ft...
I
384,195
Lath
do
8,329
Tile
.
do
Wallboard
do
I 127,243
I
r
12, 290
56.0
13,442
22,855
5,559
12, 712
57.8
14, 018
21, 549
5,158
13,105
61.8
14,741
19, 921
4,829
13,935
63.7
15, 776
18, 008
4,470
12, 725
60.1
10, 372
20, 353
4,558
11,195
51.2
8,192
23,381
4,886
12.101
193,479
402,159
12.094
187, 648
422, 005
12.121
182, 785
436, 436
12.147
213, 800
445,304
12.148
162,829
468,962
12.195
144,327
478,411
62, 330
250, 730
64, 490
248, 531
60, 977 70, 864
250, 617 242,100
47,056
251.593
40,559
265,825
5,822
1,449
6,546
1,643
5, 671
1,444
5,860
1,470
5,181
1,344
4,724
1,249
89, 810
357, 266
94, 442
357, 421
85, 767
382,066
90, 359
382,092
64, 313
391,531
58, 565
407, 618
6,148
43, 383
8,383
37, 425
7,094
34, 738
7,365
34, 510
5,769
32, 031
2,516
30, 288
4,780
71.7
4,532
315
953
28
466
358
624
1,129
285
207
149
9,331
5,070
73.3
4,653
657
1,016
34
304
186
456
1,363
304
208
106
9,655
4,289
69.7
4,565
820
879
32
145
91
726
1,284
313
208
49
9,292
4,864
70.3
4,816
423
950
40
106
105
1,028
1,608
323
201
14
9,247
4,352
67.9
4,078
170
808
31
126
102
1,137
1,230
258
197
5
9,432
3,595
3,598
7,572
3,841
3,813
7,597
3,450
3,331
7,737
3,887
3,642
7,991
2,088
8, 522
994
61.1
3,325
12, 533
993
61.1
2,647
14,091
1,002
61.7
3,763
17,070
1,349
83.1
531, 032
1,128,862
1,578
I
I
9, 021
42.4
' 7, 984
1
24, 416
5,092
r
8, 345 10, 596
43. 4
49.8
7, 456 r 9, 915
25, 307 • 25, 988
r
5,520
6, 276
r
r
12. 242
12. 328
4, 565
1,195
4,368
1.117
5, 597
1,387
4,203
65.6
3,532
138
686
33
189
154
803
1,041
269
198
3
4,517
65.0
4,177
189
961
41
224
140
589
1,468
337
206
9
10,109
4,368
70.8
4,273
205
909
37
275
167
676
1,433
351
199
8
10, 097
5,128
76.7
5,117
240
1,038
42
412
368
843
1,493
434
213
13
9,979
3,056
2,804
8,160
3,199
2,876
8,455
3,200
2,641
8,775
3, 694
4,004
8,419
4,200
4,424
8,115
3,006
16,059
1,264
78.0
2,456
17, 491
1,458
2, 316
19,350
1,561
96.2
2,905
15, 664
1,397
86.1
3,400
18, 266
1,417
87.3
387, 969
1,033,403
888,078
250, 080
244,
556, 560
29,850
7,393
591, 878
453, 124
8, 475
130, 279
430,090
33, 358
6,447
621. 768
388, 230
6,816
226, 722
975
175, 467
811,500
764, 500
200,
630
373, 503
36, 027
0,450
539, 000
322, 700
7,100
209, 200
Revised.
•New series. Data for glass containers beginning January 1934 are shown in table 49, pp. 16 and 17, of the November 1940 issue; earlier data on glassware other than containers are shown in table 2, p. 17, of the January 1941 Survey.
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939f together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
June 1941
1940
May
April
June
July
August
1941
September
DecemOctober November
ber
Janu-
Febru-
March
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
tbous. of dozen pairs..
Shipments
do
Stocks, end of month
do
12,871
12, 737
24,162
COTTON
Consumption
.bales.. 920,142
Exports (excluding linters)§
..do
74,009
Imports (excluding linters)§_.
do
18, 846
Prices received by farmers
dol. per lb_.
.105
Price, wholesale, middling (New York)..do
.113
Production:
Ginnings (running bales)*....thous. of bales..
Crop estimate, e q u i v a l e n t 500-lb. bales
thous. of bales..
Stocks, domestic cotton in the United States,
total
thous. of bales-. 15, 224
1,023
On farms and in transit
do
12, 339
Warehouses
do
1,862
Mills
do.,..
10, 679
10,133
25, 071
10, 660
10, 108
25, 566
9,711
8,835
26, 384
9,418
9,244
26, 701
11,174
12, 396
25,621
11, 257
12, 762
24, 258
13, 586
14,109
23,879
12, 579
12, 975
23, 626
11,279
11,536
23, 511
12, 747
11,822
24,435
623, 098
344,609
11,096
.100
.109
641,636
226, 469
14, 292
.098
.102
565, 416
133, 530
12, 374
.095
.107
622, 723
136,751
18, 254
.,095
..104
654,. 503
64,743
10, 153
.092
.098
639, 252
90, 555
3,991
.092
.097
770, 702
194, 251
15, 926
.094
.096
744, 088
144,710
12, 026
.094
.100
775, 472
107,375
5,906
.093
843,274
52,184
9,624
.095
.104
793, 626 854. 179
60, 597 97, 292
14,210 28,184
.097
.094
.108
.107
32
606
3,924
9, 084
10, 870
11,931
12, 287
21, 638
10, 203
10, 703
732
20,842
5,719
13, 826
1,297
19, 808
3,488
14, 697
1,623
1 12, 554
18,924
2,137
15,014
1,773
18,033
1,583
14, 636
1,814
17,193
1,337
14, 009
1.847
16,188
1, 135
13, 209
1,844
.102
11,433
12, 105
12, 495
24, 029
11, 558
11,573
24, 419
12, 940
821
10, 699
1,420
12, 094
773
10, 058
1,263
11,400
753
9,545
1,102
10, 619
620
913
22, 316
12, 551
9,085
680
34, 943
5, 813
28, 470
6,608
24, 627
6,329
26, 288
4,767
24,409
5,216
24,413
6,919
26,709
5,136
29,954
11,420
27, 734
7,581
34,944
7,060
33 937
9.791
38,513
7,796
11.40
.050
.059
11.37
.047
.058
10.68
.046
.057
11.00
.047
.058
11.23
.048
.058
12.26
.050
.059
13.31
.052
.062
14.24
.054
.065
14.50
.054
.066
14.94
.055
.067
16.00
.057
.073
18. 17
.066
.078
127, 614
97,199
4,776
103, 563
126, 968
89, 204
4,889
98, 336
109, 278
78, 468
4,612
80, 744
120, 709
92,116
6,491
88, 482
129,250
102, 085
6,786
100, 752
132, 912
108, 029
5,924
104,345
154, 479
126, 610
8,238
110,657
164, 079
129. 878
6,535
105, 468
155,770
119,889
5, 668
108, 886
22, 787
10, 289
421
119.6
22, 289
7,995
321
92.0
22, 213
8,035
324
89.4
21,955
6,960
281
21,919
7,548
305
22, 078
7,872
318
90.4
22, 278
7,867
320
22, 457
9,276
378
103.3
22, 686
8,614
352
105.9
22,818
8, 657
353
105. 0
22,821
9,901
404
112.1
22. 769
8.920
365
114.0
22, 796
9, 573
392
116.7
.338
.419
.228
.338
.222
.338
.219
.321
.227
.325
.227
.325
.227
.325
.257
355
.267
.377
.268
.403
.272
.404
.274
.390
.288
.388
31.1
1,962
32.2
571
31.4
669
32.1
391
34.0
441
30.9
224
36.7
386
34.8
1,576
34.0
2,466
35.0
1,660
31.6
1,774
.530
11.7
.530
12.5
.530
12.8
.530
11. 1
.530
9.9
.530
8.3
.530
6.9
.530
6.7
.530
6.3
.530
8.9
.530
10.0
r 35. 4
2.261
.530
' 10.2
21,740
2,494
18, 997
2,925
17, 307
2,356
22, 766
3, 827
30,189
4,761
28, 828
3,739
39, 877
6,490
36, 374
7,219
23,113
4,429
28, 425
3, 263
28, 111
2.430
25. 828
3, 453
2.561
2.698
2.585
2.562
2.560
2.589
2.816
115,111 151, 698
43, 211 46, 898
172, 254
44, 454
184, 797
48, 297
195, 330
60, 330
225, 248
72, 248
COTTON MANUFACTURES
Cotton cloth:
Exports§
thous. of sq. yd..
Imports§
do—
Prices, wholesale:
Mill margins
cents per lb_.
Print cloth, 64 x 60
dol. per yd..
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth:
Production:
Bleached, plain...
thous. of yd..
Dyed, colors.
do—
Dyed, black
...do
Printed
do
Spindle activity:
Active spindles
_..thousands.
Active spindle hrs., total
mil. ofhrs.
Average per spindle in place
hoursOperations
pet. of capacity.
Cotton yarn, wholesale prices:
22/1, cones (factory)
dol. perlb.
40/s, southern, single, carded, Boston...do
19.81
.072
.084
RAYON AND SILK
Rayon:
38.7
Deliveries (consumption), yarn*...mil. of lb_.
Imports§
thous. of 1 b . 1,611
Price, wholesale, viscose, 150 denier, first
. 530
quality, minimum filament,*...dol. per lb.
7.3
Stocks, yarn, end of mo.t
mil. of lb
Silk:
23,
538
Deliveries (consumption)
bales
3, 551
Imports, raw§
thous. of lb
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
2.834
dol. per lb.
Stocks, end of month:
Total visible stocks
bales. 210, 743
49, 373
United States (warehouses)
do
164,610 159, 429 175. 144
122, 954 120, 108 141, 056
6,304
6.270
5, 528
107,857 107, 358 126, 671
r
2.681
2.794
2.724
85, 798
42, 698
92, 485
43, 285
90,122
41,822
22, 065
18, 466
18, 666
17, 502
16, 099
21, 831
33, 981
34, 631
56, 313
72, 677
73, 045
72, 458
17, 471
8,544
17, 065
6,524
19, 373
5,798
28, 431
6,061
24, 799
7,571
28,609
7,941
39, 240
11,387
33, 821
34, 012
9, 352
40,115
10.965
36, 232
10,712
39,416
11,008
52
183
1,209
58
152
1,407
70
149
1,558
67
125
1,694
63
166
1,744
60
177
78
206
2,148
72
2,256
62
202
2,197
71
201
2,411
80
233
2.428
85
246
60,724
61, 167
94
68,147
66, 718
137
72, 506
72, 934
143
80, 359
85, 527
146
83, 665
88, 005
158
88,027
104, 332
182
90, 421
103, 556
179
94, 789
107, 978
188
.89
.39
.92
.40
1.05
.44
1.10
.46
1.10
.46
1.10
.44
1.09
.44
2. 540
224,363 214, 836 211, 174
63, 433 54,106 49, 904
WOOL
Imports (unmanufactured)§
thous. of lb.. 91, 788
Consumption (scoured basis) :^
46, 970
Apparel class
do
13'095
Carpet class...
do
Machinery activity (weekly average) :J
Looms:
Woolen and worsted:
2, 450
Broad
thous. of active hours..
96
Narrow
do
244
Carpet and rug
do
Spinning spindles:
102,929
Woolen
do
117,465
Worsted
do
215
Worsted combs
do
Prices, wholesale:
1.08
Raw, territory, fine, scoured
dol. per lb_.
.45
Raw, Ohio and Penn.,
fleeces
do
Suiting, unfinished worsted, 13 oz. (at
2.030
mill)
dol. per yd.
Women's dress goods, French serge, 54* (at
1.262
mill)
dol. per yd.
Worsted yarn, ^2's, crossbred stock (Boston)
1. 550
dol. per lb.
78, 139
Receipts at Boston, total
thous. of lb.
13, 655
Domestic.-do —
Foreign
d o — 64, 484
Stocks, scoured basis, end of quarter, total
thous. of lb_.
Woolen wools, total-.do
Domestic.
.do.
.do.
Foreign
.do.
Worsted wools, total.
DomesticForeign.
.do.
do.
54, 658
51,173
.89
.35
.86 i
.37 I
.88
.39
90, 418 98, 398 99. 589
104, 279 115,206 115.309
192
210
216
1.931
1.931
1. 931
1 931
1.931
1.918
1.931
1.931
1.931
1.931
2.005
1.158
1.114
1.114
1.114
1.114
1.114
1.153
1.213
1. 213
1.213
1.213
1.300
13, 553
8,104
5,449
1.294
31, 759
25, 214
6,544
1.250
44, 896
41, 790
3,106
1. 290
52, 905
44, 472
8,433
1.256
30, 278
22, 540
7, 738
1.288
29, 961
22,912
7,049
1.395
47, 060
30, 393
16, 667
1.488
36,123
16, 328
19, 795
1. 450
49, 597
6,298
43, 299
1.450
50,365
4,633
45, 732
1.463
51, 809
4,129
47, 680
128, 585
47, 508
35,183
12,325 I
81,077 I
59,436 I
j
I
127, 546
41, 338
29. 450
11. 888
86,208
! 57,219
142,152
48,388' i
27,651
20,737 j
93, 764
29,009 i_
64,755 i
-J
..!._
..
.,
--
1.08
.46
• 162,962
50.718
26, 957
23,761
. . 112,244
17.933
94,311
:
21,641 C'.Y-lYJY-.
— l.J 28,989
l
r Revised.
• Total ginnings to end of month indicated.
Dec. 1 estimate of 1940 crop.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the Apr 1 1941 issue.
f Data for April, July, and October, 1940, January and A pril 1941 are for 5 weeks; other months, 4 weeks.
tMonthly data beginning January 1930, corresponding to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
•New series. For monthly data on rayon yarn deliveries beginning 1923, see table 41, p. 16, of the October 1940 issue. The new rayon price series replaces the data shown
in the 1940 Supplement Earlier monthly data will be shown in a subsequent issue.
55
SURVEY OF CURRENT BUSINESS
June 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
April
April
June
May
July
1941
August
September
Decem- January
October November
ber
February
March
TEXTILE PRODUCTS—-Continued
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity..
Stocks, end of month
thous. of gross..
Fur, sales by dealers
thous. of doL_
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of rno.-thous. linear yd._
Pyroxylin spread
thous. of l b . . .
Shipments, billed
thous. linear yd
0)
(0
5, 588
6,931
7, 31.7
0)
0)
0)
0)
0)
0)
0)
C1)
0)
0)
(0
41.0
6,539
3,813
40.5
6,541
4,263
28.8
6,437
2,403
30.4
6,304
3,377
44.6
6,400
4,273
50.7
6,499
3,734
1,894
2,229
2,118
4,772
5,003
2,040
4,102
4,504
2,244
3,931
4,030
2,807
4,435
4,430
2,499
5,366
5,353
2,860
5,128
5,106
3,012
5,851
5,842
3,801
5, 776
5,776
3,694
5,463
5,718
3, 896
5,993
5,881
4,443
6,262
6,499
509
366
458
344
481
0)
r
2, 853
r
5,494
r
5, 561
r
r
T
3,188
5,520
6, 759
7,100
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft § number.
Exports^.
-.
do._AUTOMOBILES
Exports:
Canada:
Assembled, totaL..
number..
Passenger cars
do
United States:
Assembled, totals
do
Passenger cars^I
do—
Trucks^
.
do
Financing:
Retail purchasers, total
thous. of doL.
New cars
do
Used cars
do
Unclassified
do
Wholesale (mfrs. to dealers)
do
Fire-extinguishing equipment, shipments:
Motor apparatus
number..
Hand extinguishers
do
Production:
Automobiles:
Canada, total
do
Passenger cars
do
United States (factory sales), total
do
Passenger cars
do
Trucks
do
Automobile rims
thous. of rims..
Registrations:
New passenger cars
number..
New commercial cars
do
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants
do....
United States sales:
To dealers
.
do
To consumers
do
Accessories and parts, shipments:
Combined index
Jan. 1925=100.
Original equipment to vehicle manufacturers
Jan. 1925=100.
Accessories to wholesalers
do
Service parts to wholesalers
do....
Service equipment to wholesalers
do
430
233
490
295
599
372
665
235
808
383
802
284
938
334
697
287
730
443
4, 265
1,521
6,299
1,382
8.774
3,523
9,877
1,558
9, 005
1,096
8,859
132
8,449
13, 276
611
8, 796
608
8,574
1,036
11,17
15, 793
8,184
7,609
17,183
9,307
7,876
14, 609
6,463
8,146
11,263
3,727
7,536
6, 539
2,339
4,200
5,753
2,591
3,162
16,857
7,071
9,786
19, 943
9,525
10, 418
18,017
7,782
10, 235
15,912
7,246
8,666
17, 252
6, 943
10, 309
21,064
8,834
12, 230
165, 304
96,272
68,386
646
216,818
170,151
96,518
72,980
654
201,068
166,922
95,038
71,241
642
162,101
166,034
92, 744
72,626
664
141,977
137,961
71,574
65, 774
613
42,111
109,962
55,797
53,711
454
114, 874
151,899
89,475
61,933
492
221, 253
152,009
88, 575
62,928
507
220,941
160, 956 147,186
93, 350 80, 739
67,065 65, 939
509
541
253,778 236, 871
158,693
89. 541
68, 574
579
248, 288
202, 793
118,369
83, 815
608
270, 487
65
34,135
79
37, 619
71
37,762
(2)
(2)
(2)
(2)
19, 687
13, 487
432,746
362,139
70, 607
1,823
21,277
12, 677
391,215
325,676
65,539
1,744
17, 930
8,739
344, 636
286,040
58, 596
1,266
14, 468
3,397
231,703
168, 769
62,934
825
13,993
1,510
75,873
46,823
29,050
1,075
15, 475
3,410
269,108
224, 470
44, 638
1,356
21,151
7,056
493,223
421,214
72,009
1,759
23,621
10,814
487,352
407,091
80, 261
1,808
23, 364 23,195
11,990
11,653
483, 567 500, 931
396, 531 411, 258
87, 036 89, 673
2,032
1,790
23,710
10,647
485, 523
394, 483
91. 040
2, 131
26, 044
12,093
507,868
410, 258
97, 610
2, 666
353, 239
55,982
345, 748
51, 553
318, 615
43, 504
315, 246
50,913
211,031
48,980
148,000
39,224
290, 495
48, 356
301, 430
46,618
334.073 299,179
51, 095 61,712
300. 466
55,900
"409,(130
255,887
196,747
185, 548
167, 310
110, 659
24,019
124, 692
226,169
217, 406
223,611
226, 609
247, 683
233, 735
272,853
183,900
183, 481
171,024
165,820
151, 661
173,212
99, 664
145,064
21,154
100,782
116,031
97,527
207, 934
186,016
198,064
181,421
204, 473 218,578
174,610 168,168
208,214
187, 252
226, 592
253, 282
9, 405
312
27, 584
12,091
462, 257
374,979
87, 278
2,682
(2)1
(2)
0)
0)
v 62,868
240
170
140
126
151
178
190
183
214
210
278
132
218
199
178
91
174
140
162
89
172
131
139
86
165
117
101
93
172
120
147
98
196
126
132
200
139
235
149
199
142
231
125
180
156
228
122
180
143
245
115
170
102
244
115
174
182
232
128
108
214
RAILWAY EQUIPMENT
{Association of American
Railroads)
Freight cars, end of m o n t h :
N u m b e r owned
thousands...
Undergoing or awaiting classified repairs
thousands..
Percent of total on line
Orders, unfilled
..cars..
E q u i p m e n t manufacturers
do
Railroad shops
do
Locomotives, steam, end of m o n t h :
Undergoing or awaiting classified repairs
number..
Percent of total on line
Orders, unfilled
number..
E q u i p m e n t manufacturers
do
Railroad shops
do
1, 648
1,649
1, 646
1,642
1,641
1,642
1,638
1,638
1,640
1, 642
1,641
1,644
96
5.9
55, 404
42.162
13,242
160
9.9
17,460
11,051
6,409
164
10.2
15,039
9,772
5,267
153
9.5
16,933
9,974
6,959
144
9.0
19,765
13,477
6,288
138
8.6
18,456
12, 278
6, 178
131
8.1
16, S92
9,010
7,882
117
7.3
27, 459
18, 700
8,759
114
7.1
30,184
22, 738
7,446
109
6.8
34, 202
25, 866
8,336
108
6.7
40, 030
26, 427
13, 603
107
6.6
37, 981
23, 787
14.194
101
6.3
41,091
27, 756
13, 335
5, 535
14.0
211
189
22
6, 675
16.4
54
32
22
6,781
16.8
6, 653
16.5
97
84
13
6,506
16.2
115
106
9
6,226
15.5
114
108
6
6,276
15.7
130
118
12
6,155
6,076
15.2
116
103
13
5,914
14.9
115
102
13
5, 853
14.7
120
107
13
5,812
14.7
132
113
19
5, 704
14.4
166
148
18
15.4
131
122
9
(U. S. Bureau of the Census)
Locomotives, railroad:
272
645
152
232
460
515
277
354
269
146
285
170
Orders, unfilled, end of mo., total...number..
251
126
209
415
468
252
315
243
124
244
602
144
Domestic, total._.
do
126
70
87
157
109
115
125
81
122
129
196
72
Steam.
do
125
56
122
311
143
200
118
43
122
286
406
72
Other
do
37
30
54
68
35
40
52
73
63
44
68
44
Shipments, domestic, total
do
2
7
8
22
5
0
8
24
15
5
11
6
Steam
_
do
35
23
46
46
30
49
40
44
39
Other
do
Locomotives, mining and industrial:
138
117
Shipments (quarterly), total*
number..
67
79
Electric, totalt
do
67
76
For mining use
do
71
38
Other*
do
p
x
s
r Revised.
Preliminary.
Comparable data not available.
Temporarily discontinued by reporting source.
§ Designation changed from "commercial licensed" or "civi! aircraft" (1940 Supplement).
^Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
IData revised for 1939. See table 14, p. 17 of the April 1941 Survey.
•New series. Comparable data on total shipments are available only beginning January 1940. "Other" includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives;
these are largely industrial; data for 1939, the earliest available, are as follows: first quarter, 21; second, 20; third, 26; fourth, 52.
56
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
April
June 1941
1940
April | May
June
| July
1941
February
August j
March
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
(American Railway Car Institute)
j
Shipments:
Freight cars, total
.numberDomestic
do _..
Passenger cars, total
do-_.
Domestic
do...
(U. S. Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total
Electric
Steam
3,262
3,061
6
6
1,588
1,478
5
5
number.
do...
do...
1, 543
1,543
2,356
2,356
2,888
2,836
3,704
3, 586
14
12
2
16
13
3
13
9
4
19
14
5
128
120
8
134
124
10
141
134
7
165
157
8
180
174
202
165
37
28
0
12
12
10
10
4,134
3,981
10
10
4,624
4,301
54
54
5,272
5,256
0
0
4,122
4,057
2
17 !
12 !
5 i
5,022
4,987
21
21
11
6
5
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS*
Shipments, total
Domestic.
Exports
.number_.do...
..do...
147
137
10
135
121
14
206
173
33
242
216
26
266
214
52
CANADIAN STATISTICS
Physical volume of business, adjusted:!
Combined index
1935-39=100
Industrial production:
Combined index
do
Construction
do
Electric power
do
Manufacturing
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
Commodity prices:
108.6
Cost of living!
1935-39 = 100
86.6
Wholesale prices
1926=100..
Employment (first of month, unadjusted):
Combined index
do
Construction and maintenance
do
Manufacturing
do
Mining
do
Service
do
Trade
do
Transportation
do Finance:
Bank debits
mil of dol
Commercial failures
number..
Life-insurance sales, new paid for ordinary!
thous. of doL. 35, 398
Security issues and prices:
78, 830
New bond issues, total! .
- _-do
95. 9
Bond yields!
1935-39=100
65.8
Common stock prices!
do.
Foreign trade:
Exports, total
thous. of dol-. 118,425
Wheat
thous. of bu__ 20, 322
Wheat
flour
thous. of bbl
Imports
thous. of dol - 106, 268
Railways:
Carloadings
thous. of cars
Financial results:
Operating revenues
thous. of doL.
Operating expenses
do
Onpratinc income
do
Operating results:
Revenue freight carried 1 mile mil of tons
Passengers carried 1 mile
mil. of pass..
Production:
Electric power, central stations
mil of kw -hr
Pig iron
thous. of long tons
Steel ingots and castings
do
Wheat
flour
thous. of bbL.
r
120.0
117.8
120.0
120.9
128.6
130.1
129.0
129.7
128.3
130.5
126.1
123.2
134.0
179.6
112.3
127.9
113.0
146.4
128.8
139.9
123.0
129.6
120.8
120.5
132. 1
157.4
124.2
128.6
136.0
137.3
131.9
130.2
128. 6
133.8
137.3
126.5
143.9
169. 3
119.4
143.9
134.4
142.3
148.6
223.0
114.0
148.6
132.2
124.4
146.4
143.4
108.8
146.4
124.7
117.1
146.9
278.2
109.0
146.9
123. 2
128.0
140.6
187.4
111.4
142.3
117.2
123.5
145 1
244.3
116 7
141 9
126 2
122.7
138 3
223.8
115 7
134.0
121 3
125 0
133 5
139.0
115 8
137 3
125 6
122 8
95.9
110.7
121.4
129.5
107.8
99.0
117.1
142.3
125.8
109.2
99.3
114.9
154. 2
124.6
109.8
102. 1
126.8
139.3
130.6
109.9
102.3
120.0
153.4
141.4
110.6
98.2
107.2
135.5
128.3
112.3
99.2
108.8
119.3
148.8
112.8
100.3
114.8
132.7
136.0
112.5
107.1
125. 1
119.9
171.6
116.8
105 4
123 3
130.5
171.0
115.3
105 1
118 8
148 2
152.7
115.8
105 6
122 9
147 4
153.6
81.9
73.2
102.7
143.8
167.3
8,8
116.9
127.3
92.2
167.0
185.3
123.3
132. 8
141.2
113.0
77.3
65.6
105. 2
74.6
59.5
110.5
118.2
123.0
106.8
146.4
162.9
107.0
146 9
168. 7
94.9
59 7
44.3
97.8
50 8
33 5
93.4
104.6
83.1
104.9
82.1
104.9
81.6
105.6
82.4
105.9
82.7
106.4
83.1
107.0
83.3
107.8
84.0
108.0
84.2
108.3
84.6
108.2
85.2
108.2
85.9
111.9
59.6
123.4
164.4
133.4
137.6
82.8
114.3
68.4
125.7
164.5
138.2
138.3
88.8
120.9
90.5
129.2
166.7
142.5
140.7
90.3
124.7
105.0
130.3
167.2
149.2
142.8
93.7
127.9
114.3
134.4
168.1
155.4
141.4
94.8
131.6
121.1
138.4
170.2
157.1
142.9
94.6
136.2
121.1
143.8
172.3
147.3
146.8
94.3
139.2
120.5
144.6
174.0
148.8
148.9
93.5
139.1
105.9
144.7
172.6
147.8
154.4
92.5
134.2
83.0
142.5
167.6
149.5
160.8
88.7
135.2
82.5
147 4
169.1
148.6
147.0
89.4
135 3
83.0
150 8
168.7
150.2
145 7
90.5
2,938
3,340
100
2,682
91
2,623
99
2,458
86
2,571
66
3,527
79
3,049
92
3,208
95
2,941
79
2.540
105
2,838
90
98
31, 779
28, 530
28,159
24,698
26,156
31,210
32, 899
33, 727
28, 326
31, 500
33, 700
89,109
100.2
88.4
480, 819
99.8
73.3
75, 793
101.4
65.5
83,162
101.1
66.1
84,668
100.0
69.3
404,627
98.9
75.8
108, 976
98.6
74.2
108,576
98.0
74.5
330,167
97.0
70.3
84, 235
96.3
71.3
115,271
96.1
66.5
42. 524
95.8
66.8
84,693
5,082
110,764
23, 466
111,622
13, 570
101,463
11,868
111,360
11,401
102, 778
9,500
106, 791
9,659
118,404
17, 278
98, 711
11, 762
520
723
509
314
576
551
90, 705
89, 496
96, 836
86, 287
346
88, 953
4,880
355
98, 382
102. 995
11,623
100, 537
683
100.532
9,460
85, 980
750
32, 248
108,645
102, 284
102, 302
607
559
89, 632
107, 982
250
219
237
240
248
256
252
281
259
231
229
218
29, 916
25, 569
3,077
34,630
27,303
5,760
36,914
27, 557
7,657
38,398
30, 402
6,042
37, 409
30,240
5,166
37, 319
29,463
6,248
40, 504
28, 573
10, 257
38, 869
26,964
10, 024
40, 221
28, 602
9,944
36,113
29 224
5,095
34, 620
28 558
4,318
2,785
124
2,930
141
3,504
180
3,260
219
2,987
248
3,385
190
3,547
172
3,371
158
3,772
278
3,131
201
3.127
217
2,399
84
153
1,344
2,672
93
174
1,283
2,579
89
166
1,170
2,615
96
170
1,223
2,500
89
172
1, 291
2,400
105
165
1,636
2,487
109
185
1,873
2,525
110
176
1,588
2,584
110
185
1,076
2, 635
103
186
1.177
2,407
91
173
1,462
2, 6329
10
195
1,477
Revised.
tData 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 data for these series will be shown in a
subsequent issue. Common stock price and bond yield indexes have been converted to the new base by multiplying the old series by a constant. The production and distribution indexes have been completely revised and no comparable data prior to January 1940 are available at this time. Complete 1940 data for production and distribution
indexes are shown on p. 56 of the April 1941 Survey.
^Beginning w^ith July 1940, data are reported by the Industrial Truck Statistical Association a ad cover reports of 8 companies. They are approximately comparable with
previous data which were compiled by the Bureau of the Census.
MONTHLY BUSINESS STATISTICS
Dep
D,»,
CLASSIFICATION, BY SECTIONS
Monthly business statistics:
Business indexes.
.
C*»mmodity prices. .
_
Construction and leal rotate. __
lV>meotu trade_
Employment conditions and
^ugt
D
21
2A
<sit*>, U i n k
a >•« i n l a a n a 1
4
naij.,s
o>T_, ,
h a u l '
F j i j - ar>«l t h i L . i s
E^
El
\ a , t ^
^>tildy
'Mil
»h
lff
4 ' )
4 44
tnvAaiKV nev
E l i (1 r n , p o w c r j ) i o ' ! i i i * i o n , si *' s r t \ f * m r s
K r a y io.v u e u * , »rsti~v)< 3 r u n " . ' f v i^fui si
iMtiaru e
. . . „. . „
V< runn trade. .
.
1 K tisporlation and conmiunica
tkns .
...
.
iVaxisiic
on individual industries
Chemicals and allied prot'm ts
Elei. trie powc r and j^as
Foodstuffs and tob i< < o .
Futlo and byproducts _
Ltathtr and products . _
Lai iber r>nd manufa- t u n s .
Metals and rnanufa tar's;
Iron and ste< 1
Nonftrroat* metals and prod-
F « t » v
hm;u
39
41
41
45
46
a
iv'tn r , M i u n t v
r
-»»ai
7
.7
< i u 3t * n .
DIM,
EXCIK ;
Fxpl ^,1V< s
4-7
F.» tni'
I a r. h
F urn '
49
SO
SI
52
U( tS
._ IVIaclanery an a p p a t a t . i s
P a p e r and p r i n t i n g
R u b b e r and proauc<;
S l o m , clay, an<i da i < s p r o d u c t s
Textile p i o d n e t s
^r mspoitcitioii e q m p i i f n*"
C>n nhau st J t i s t i ' s
,!> ,
n»t
ir
I*
i
ta.l;
IIU
33
22 t >3
* t k r 1 a; i b ! s h w i > s ' u o > f I* i ^
: , ' i t f l k < t u \ i i i n k s , - * I.V. ii i f
T
*ed "<• il R< i>'xvt tf i>'iitnifj in J t h e t i"
54
Ft IK
*ii i < ' t j i s \ n * f
iisipnitnt
of)
I n u . ' I ' S ' 1'id . - i
Ml
47 .
ON, FY INDIVID'. AL
f
t-<J>
A
i
As
f p t me <••.
1
,2°,17
oankciV
,OIUMJ. '
Fi< J , u
/ <• i i ' ' I iiTwl f a s h i n c o m t
^
j
^
,\{ i.' i.ifui. 1 waj.'."?, loarjs
.
Air < on hliomt - c q m p n . e n t
/• ' mr 'i j n r l Mr line o p e r a l u tis
30
.*
24, >H
„
U
< (, K (liK* 1 !
l<~,»
»\1<< * J ' 1 O l H
lf
48
/'iurM
V) 20 Jft, 2H * ) 5D
^Uohcl dena^ur.'^ elhvl, mcthanol » „ „
S°
/ lURljnum
w
0 21.
_ .
.
_
.
.
..
*')
^ 3rn"i fc'ts g T eases
„
.
3 tt 40
A ->ihr«K J'^
_
^0 2 1 , 2 7 ^i 4o
^ppcrci v n n n g . . .
. . 21 22 24. 2 6 . 2 8 , .N, S*
Asphalt
.
,
16
/ u t o r r c tilt s
1 9 , 2 0 , 2 1 24 2 6 , 2 8 , 2 0 , 3 7 c r,
/ » u t r n i o M l e at ct-ssones »ind p a i t r
_ .
:>3
P.*. ley
_ .
. 4 4
lii
zrJraiuiR n i t t a l
....
.
.
B«vf < M ; verl .
.
.
_ .
-"4
T> 'ei;>t.ec, alcoholic
_ ..
4j U
r i t u n u n o u s coal _„ , _
. 20 2 1 , 2 7 , 28,Hi>
lioilf rs^
. . _ „_
.
48 49
lio.idb issues, p r i c e s sales, yields
.
34,35,36
Book publication. .
. . _ _ . . . _
S2
Doxts paper. . .
....
__ .
52
Brass a n d bronze._
_ , ._„
„
50
Brifk
. . ......,_.
- .
....
f>3
D i o k e r ^ loans _ ^ ™ _ . . . . _ _
_ .. ,
il.Js
P u i l d m y c o n t r a c t s a w a r d e d «« __
...
22
£>u'diuj 1 , c o s t s . _ _ _ _ _ _ . „ _ . .
.
. _ _ .
23
Building expenditures (indexes;».
„.,.
22
Buildinf'material prices. . .
.
^.
21
Pulter
. _ . . . . . .
U
Canadian statistics
3,2,37 55 56
C a n a l traiiic
,_ . _
_ _
...
38
Candy
..
„
45
C a p i t a l flotations __ . . _ . »
.
,34,35
F o r p r o d u c t i v e uses _ .
.._.„„_,„
35
Carloadmgs. _
__
_ . . _ _
_
38
Cattle and calves. _ _ . _ _ _ _ _ _ .
.. . . »
43
Cellulost p l a s t i c products»_ _ _ » _ _ _ . . .
41
Cement
. _ . . _ _ . . . .
. . 1 9 , 2 0 , 2 1 53
C h a m - s t o i c sales ._
_ . „
. „ „ . 24,25
Chct'M-..--._
.
42
C h e m i c a l s . . . . . 1 9 , 2 0 21 26, 2 8 , 2 9 , 3 1 , 3 3 , 3 °
C i g a r s a n d c i ^ r r e t t e s . _ _ . >_ .
_ „
45
CJvil-sfivue employees . _.
27
Cia> p i o d u c H . . _ „ 19, 20, 26, 28, 2 9 , J l . 3 2 , 33
Cl<»thing ( s e c also h o s u r y ) _ 2 1 , 2 2 , 2 4 , 2 6 2P 29
Cod
.
_
2 0 , 2 1 , 2 7 28»4a
Cihoa
_
.
44
C( -tV( .
_
_
.
.
41i ol v
. .
.
4
6
7
\. ouiin< rcial failures
.
1 M
C o n a n e i c i a l paper _
Vit'tsli jctu>n:
C o n M a r i s uw..rdcc3
_ _ „
.
f<st.
.
.
Hi «> w o ' s a*i(i [,*„ a c r t .sittgs
iv
]
r
(''j""
t ! t f o r u t oil.
.
l t -n
i ' i ' l iv uif? index
.
C < t * i , i; % and ^ lai'ifac t i r e s
C oM( i H ' - i cakt and meaJ oil
.
u L t . i . , . »/)KLt>. i< 1
"Vit + O1S s ' c
( l a s , ! - n f ; issvV J*"'
O l A S a n r i t t n r*
tjo/d<
U ,'r.
Jl<*
J
3
t-
J !» < >
G-a»ns
,43
46
Hi Irs aaj SIMT-
Hof.s
if on c-loan hank- 1 <
JI» me *n * t pages
Hos't '•v
, V'*
k5
•3
23
S4
-
3H
21 >2
lllirots, t niployair it., P v << n% ^ a j 4 f: 9 27 , 2 8 *30
Immigration and emi
. t o iatio» „
38
.v>7
imports
1Q
Ith onie p- 3 iitC-a's
Imnnie tax receipts
33
Incoiporaaons, bo-.tnt"sf nf.v
24
Industiiai produ-t:on, indercs
19 20
11
Instalment leans.
In.stalaient sales New Fupland
25
Si
Insurance, lite
M
4
21
Invi ntorios, manufn*-• urtrs*
Iron and steel, crude,„ nianuf i> t u i ^ s
19,
20,21 22,23 2r>, 2 7 . 2 8 »^, U 3, 2," 3 3 , 4 8 49
46
Kcro'cne.
Labor, turn o\er, di^p u t e s
27
Lamb and mutton
44
Law". . .
14
JO
.
5
0
Lead _ . .
J
1 0 , 2 0 2^,2C . i \ 29 ,I , 3 2 47
Leather
10
I inseed oit < -akv in1 nit. al
13 44
T,iv<st(« V
1
b r "«ki"? s*
) ' 30 ,31
L o HIS, M . ! <i Uit>;\ ay. n u ! t ut's
Lo-«mot.\es
», y
55
Lubiicant s .
1 ' JO ? ! ,»c* ^ > ,
Lumber
Mix 'unc <
' " t' vtf v, i t 1i t O I . vVl» >l
47
"»b
*>4
40
4H
SI-
^0, U
, 29, i^
22
J? M
23
2 ? ,J >
K)
-0
7, .' l
Ma \\vu1
j to
, '2
tv J T r» • ID i l u u i a t j u n
Ht. i ,v< . . i t s
f 'Mts, H i ' *
!>'ht tmm-<i St'iteg G o v e n i m e n r
I h i , v «ie, ' r n p l u v n u n t puv roils,
Fitf r rtr lent stores Sale c sto* Ls, t
•>
* i
tf>% Jrt
4'
AS
VI «
I t IL
Page
Newsprint:
.
.„
52
New York, employment, pay rolls, wages. 27,28,30
New York canal traffic
38
to
New York Stock Exchange.
.
35,36
Oats
43
Ohio, employment
. .
27
Oils and fats
—
39,40
Oleomargarine
.
40
Orders and shipments, manufacturers'
..
20
Paint sales
40
Paper and pulp
19,20,21,22,26,28,29,51,52
Passenger-car sales index
.
„_
24
Passports issued
*
.
38
Pay rolls:
Factory, by cities and States
.
28
Factory, by industries
27,28
Nonman ufacturing industries
28
Pennsylvani a, employment, pay rolls, wages.
2 7,
28,30
Petroleum and products
.
. . .
19,
20,21,26,27,28,29,33,46
Pig iron
•
.
48
Porcelain enameled products
.
49
Pork
.
44
Postal business
,
„
24
Postal savings
*...
31
Poultry and eggs_
19,21,44
Prices (see also individual commodities):
Retail indexes
,
21
Wholesale indexes
. 21,22
Printing
19,20,26,28,29,52
Profits, corporation
.-•33
Public relief
30
Public utilities
22,27,28,32,33,34,35,36
Pullman Co
38
Pumps
_•
,
50Purchasing power of the dollar
22
Radiators
,_*
48
Radio, advertising
..
24
Railways, operations, equipment, financial
statistics, employment, wages.:
.
19,
20,27,28,39,34,35,36,38,55,56
Railways, street (see street railways, etc.).
Ranges, electric
51
Rayon
_...._
20,22,54
Reconstruction Finance Corporation, loans.
34
Refrigerators, electric, household
51
Registrations, automobiles
55
Rents (housing), index
21
Retail trade:
Automobiles, new passenger
24
Chain stores, variety (5-and-10), grocery,
and other
24,25
Department stores
.
25
Mail order
25
Rural general merchandise
25
Rice
43
River traffic
;_
38
Roofing asphalc
41
Rubber, crude, scrap, footwear, tires and
tubes
19,20,21,22,26,28,29,52,53
Savings deposits
*._..
31
Sheep and lambs
44
Shipbuilding.
_
19,20,26,28,29
Shoes
19,20,22,26,28,29,47
Silk
20,22,54
Silver
33
Skins
46,47
Slaughtering and meat packing
.
19,
20,26,28,29,43,44
Spindle activity, cotton, wool..
_.„
54
Steel and iron (see iron and steel).
Steel, scrap, exports and imports..
.
48
m
Stockholders
.
36
Stocks, department-store (see also manufacturers' inventories)
„ .
25
Stocks, issues, prices, sales, yields
34,35,36
Stone, clay, and glass products
19,
20,26,28,29,31,32,53
Street railways and buses
27,28,37
Sugar
........
. . . . - ' 44
Sulphur..
_,
39
Sulphuric acid
39
Superphosphate
39
Tea
_
44
Telephone, telegraph, cable, and radiotelegraph carriers
27,28,33,39
Textiles
20,22,26,28,29,30,31,32,54,55
Ti'e
53
Tin..
50
Tobacco
20,26,28,29,30,45
Tools, machine
26,28,29,50
Travel..
38
Trucks and tractors, industrial, electric
56
United States Government bonds
35
United States Government,
finances
33,34
United States Steel Corporation
36,49
Utilities.
22,27,28,32,33,34,35,36
Vacuum cleaners
*
51
Variety-store sales index..
. . .
24
Vegetable oils
40
Vegetables and. fruits
- - - - 21,42
Wages, factory, and miscellaneous
28,29,30
Wnrenouses, space occupied
«...
24
Waterway traffic
.
—
38
Wheat and wheat
flour
».
- - - 37,43
W holesale p rice indexes
21,22
Wire cloth."
50
Wisconsin, factory employment, pay rolls,
«id wages
27,28,30
Wood pulp._
—
. - - - . |1
Wool
2V,Z4,y*
Zinc
50
^
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