Full text of Survey of Current Business : June 1944
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JUNE 1944
SURVE
UNITED STATES DEPARTMENT OFiGjO
BUREAU OF FOREIGN AND DOMESTIC
Survey of
si\i:ss
JUNE 1944
VOLUME 24, No. 6
Statutory Functions "The Bureau of
Foreign and Domestic Commerce. . . to
faster, promote, and develop the foreign
and domestic commerce of the United
States" [Law creating the Bureau, Aug,
2St 1912 [37 Stat. 408].]
Contents
Department of Commerce
Field Service
Atlanta 3, Ga., 603 Rhodes Bldg.
Boston 9, Mass., 1800 Customhouse.
Buffalo 3, N. Y., 242 Federal Bldg.
Charleston 3, S. C , Chamber of Commerce
Bldg.
Chicago 4, 111., 357 U. S. Courthouse.
Cincinnati 2, Ohio, Chamber of Commerce.
Cleveland 14, Ohio, 750 Union Commerce
Bldg.
Dallas 2, Tex., Chamber of Commerce Bldg.
t)enver 2, Colo., 566 Customhouse.
Detroit 26, Mich., 1018 New Federal Bldg.
Houston 14, Tex., 603 Federal Office Bldg.
Jacksonville 1, Fla., 425 Federal Bldg.
Karoms City 6, Mo., 724 Dwight Bldg.
Los Angeles 12, Calif., 1540 U. S. Post Office
and Courthouse.
Memphis 3, Tenn., 229 Federal Bldg.
Minneapolis 1, Minn., 201 Federal Bldg.
New Orleans 12, La., 408 Maritime Bldg.
New York 18, N. Y., 17th Floor, 130 West
42d St., New York.
Philadelphia 2, Pa., 1510 Chestnut St.
Pittsburgh 19, Pa., 1013 New Federal Bldg.
Portland 4, Oreg., Room 313, 520 S. W. Morrison St.
Richmond 19, Va., Room 2, Mezzanine, 801
E. Broad St.
St. Louis 1, Mo., 107 New Federal Bldg.
San Francisco 11, Calif., 307 Customhouse.
Savannah, Ga., 403 U. S. Post Office and
Courthouse Bldg.
Seattle 4, Wash., 809 Federal Office Bldg.
Page
ECONOMIC HIGHLIGHTS . . •
1
THE BUSINESS SITUATION . •
Employment Trends
Retail Sales
•
2
3
4
CONSUMPTION EXPENDITURES, 1929-43 . . .
6
SURVEY OF INDIVIDUALS' DEMAND DEPOSITS, JUNE I942-JUNE 1943
14
STATISTICAL DATA:
New and Revised Series
Monthly Business Statistics
General Index
22
S-l
Inside back cover
1 1 O t C — - Contents of this publication are not copyrighted and
may be reprinted freely. Mention of source "will be appreciated.
Published by the Department of Commerce, JESSE H. JONES, Secretary* and issued through the Bureau of Foreign
and Domestic Commerce, Amos E. Taylor, Director. Subscription price of the monthly SURVEY OF CURRENT
BUSINESS, $1.75; Foreign, $2,50 a year. Single copy, 15 cents. Price of the 1942 Supplement is 50 cents. Make
remittances only to Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.
Economic Highlights
Civilian Gas Supply Declines
As a result of increasingly heavy military demands for petroleum products
during the past year, the gap between
production of gasoline and civilian highway consumption has continued to widen
as is shown in the chart.
Production of gasoline in 1943 was
slightly above 1942 levels but was 12 percent below the record of 1941. Civilian
highway consumption, as indicated by
gallons of gasoline taxed, decreased 17
percent in 1942, and an additional 19
percent in 1943. Whereas civilian gasoline consumption declined in the period
1941-43, petroleum production has increased from a monthly average of 113
million barrels in 1940 to 125 million barrels in 1943 and is currently at an average
monthly rate in excess of 130 million
barrels.
It is estimated that about one-third of
the gasoline supply went to satisfy military demands in 1943.
The divergence of trends of petroleum
production and civilian gasoline consumption arises in part from wartime
shifts in the utilization of crude petroleum. Fuel oil has increased in importance relative to other petroleum products. The proportion of fuel oil derived
from crude petroleum has climbed from
42 percent in 1941 to 48.8 percent at the
present time despite a reduction in civilian consumption of one-third as a result
of rationing.
Likewise, whereas in 1941 automotive
and aviation gasoline together accounted
for 45 percent of crude petroleum, this
ratio had been reduced to 38 percent in
1944. However, the amount of crude
petroleum utilized in production of automotive gasoline had been reduced from
42 to 27 percent while production of aviation gasoline, toluene, and butadiene and
similar products has been greatly increased.
INDEX, 1941 = 100
120
PRODUCTION
(STRAIGHT-RUN, CRACKED,
*• AND NATURAL-BLENDED
GASOLINE)
100
CIVILIAN
A
CONSUMPTION f
(ON BASIS OF NET
GALLONS TAXED)
60
® ESTIMATED
40
J
194t
1942
I I
1943
1944
D. a 44-348
Production and Civilian Consumption of
Gasoline.
588620—44
1
INDEX, AUGUST 15, 1939 = 100
25 0
FIRST CONTROLLED
SINCE OCTOBER 10, 1942**^
^ %
£
S
200
150
FIRST CONTROLLED BETWEEN
MAY'19 AND OCTOBER 10, 1942
/
j**^
o
/°°°
FIRST CONTROLLED BY
GENERAL MAXIMUM PRICE REGULATION.
MAY 18, 1942
100
I I I I 1
5 0 1 1 1 I I 1 1 i I II II 1
1942
1941
I I I I I I I 1 I I 1 I I I 11 i 1 I I 1 11I I I I I
1943
1944
D. D. 44-356
Retail Prices of Food Grouped According to Data Controlled by
Office of Price Administration.
Food Price Control Effective
Pood prices, while rising fractionally
in April, were still 6 percent below the
highs reached last May when the Bureau
of Labor Statistics' index was 53 percent
above the 1939 levels. The accompanying chart, classifying food commodity
prices, acording to the period in which
OPA assumed control, presents a striking
picture of the overall effectiveness of retail price regulations.
The outstanding feature of this picture
is the slightly downward price trend of
food items placed under administrative
control by the General Maximum Price
Regulation of May 18, 1942. These foods
represent about 60 percent of the consumers' food budget. The 3 percent rise
in prices of these consumer goods, which
occurred in the year following the initiation of control, can be attributed generally to the squeeze resulting from rising farm and labor costs—not subject to
tight control until late 1942. Since May
1943, GMPR controlled prices have been
reduced 4 percent and now stand almost
2 percent below September 1942 levels.
The practical stability of the prices of
GMPR originally controlled food items
is in contrast to the price trends of food
items controlled at later dates. Additional items, which represent about 30
percent of the consumers' food budget,
were placed under regulation on or about
October 5, 1942. The index of the price
movements of this group is shown under
the caption "First controlled between
May 19, and October 10, 1942."
Nearly all of the rise in the total food
price index between these dates resulted
from increases in this group which includes such important items as wheat
flour, poultry, cheese, eggs, oranges, and
potatoes. It may be noted that most of
these products are not only perishable
and normally subject to strong seasonal
price changes, but, in many instances
were coming into extremely short supply
in the latter part of 1942 and the early
part of 1943.
These factors go far to explain the 12
percent rise which occurred in this index
from the date of imposition of control to
May 1943. Since that latter date, prices
for this group have also followed a generally downward trend due in part to
selected use of subsidies, in part to reduction of distributive markings, and
finally to the initiation of the dollar and
cents price ceiling program which became effective in the spring of 1943.
Another group of commodities was
brought under control at the end of
February 1943. These items, plus a few
products which were still uncontrolled
on that date, underwent price changes
pictured in the upper line in the chart.
The controlled part of this group includes such commodities as lettuce, carrots, spinach, green beans and cabbage,
prices of which were rising rapidly at the
start of 1943 under the pressure of seasonally short supplies, and increased demand arising from the substitution of
these goods for rationed products. The
imposition of control and the seasonal
increase in supplies quickly brought
about lower prices, which have in general
prevailed since that time.
SURVEY OF CURRENT BUSINESS
June 1944
The Business Situation
VENTS continue to confirm the expectation that no major shifts are to
E
be expected in the present pattern of
business activity until the results of
the present military actions are clear.
Since the outcome of the European invasion will be the factor determining the
nature of business activity in the next
few months, whether it be a continuance
of a concentrated war production economy, or a shift to some greater degree of
civilian production, the uncertainties
necessarily surrounding the current
military actions are reflected in actions
and policy statements bearing on future
economic developments.
During the past four months over-all
business activity has been on a plateau
with a slight downward slope. The character of business activity in May conformed to this pattern. It is of interest
to note, as is shown in chart I, that although the Canadian economy has experienced a levelling off in industrial activity similar to that which has taken
place in the United States, its recent
trend has been upward in contrast to the
decline in this country.
The persistence of slight month to
month declines in productive activity
continues to be the most significant of
business developments in recent months.
The trend which has been in evidence
since November continued in April and,
on the basis of preliminary data, also in
May.
Industrial activity, as measured by the
Federal Reserve Index of production,
declined to 239 in April from the 242
level of the previous month. Since November of last year, when the wartime
peak of 247 was established, the index
has shown a total drop of over 3 percent.
It is now only slightly above the April
1943 level.
Chart 1.—Industrial Production,
United States and Canada 1
INUt)<, 1935-39 = 100
300
1
1
ADJUSTED FOR SE ASONAL VARIATION
•A/* 1
250
CAS
y
200
rff
150
^*UNITL '0 STATE 5
100
f>0
MM.IMM.
1939
IM
1940
nlnni
1941
Inn,
1942
pnil
1943
M M , ! , , , , ,
1944
D. D. 44-345
1
United States series includes manufacturers
and minerals while Canadian series includes
mineral production, manufacturing, construction, and electric power production.
Sources : United States, Board of Governors
of the Federal Reserve System; Canada, Canadian Department of Trade and Commerce.
Table 1.—Industrial Production, Munitions Production, Manufacturers' Shipments, Government War Expenditurees,
and New Construction
Year and
month
9 -3 & 5
1943
January
February __
March
April
May
June
July
August
September .
October
November.
December—
240. 5
253. 4
263.4
280.4
283.6
295.7
249.9
277.4
277.4
273. 3
299.8
267.3
453
476
518
547
548
560
587
60y
611
644
673
670
227
232
235
237
239
237
240
242
244
247
247
241
226
255
249
253
247
254
249
258
261
270
270
276
842
762
764
751
755
713
690
654
567
524
455
391
285.2
312.3
294.4
646
636
667
652
243
244
242
240
264
279
351
327
311
314
1944
January
February. _
March
April
299.7
p 273
Sources: Board of Governors of the Federal Reserve
System; War Production Board; U. S. Department of
Commerce.
The bulk of the March to April decline
in the index occurred in the durable
goods group. Each of the components
comprising this group registered a loss.
The transportation equipment index,
which includes the aircraft and shipbuilding industries, recorded the largest
decline. Less sizeable reductions occurred in the machinery, stone, clay and
glass, lumber, and iron and steel groups.
With the exception of the iron and steel
index, all of the durable goods industries
are now substantially below their peaks
of last November.
Among the nondurable goods industries, increases in the textiles and products and tobacco products indexes were
insufficient to offset the declines in chemicals, rubber products and manufactured
food products. The minerals index,
which was largely supported by an increase in the output of fuels, remained
unchanged.
Munitions production in April fell 2
percent below March levels according to
the War Production Board index. The
index stood at 652 in April which compares with 667 in March and 673 in November, the peak month. Of special significance is the fact that the decline in
April represented failure to meet schedules by 3 percent. The declines which occurred in January and February and
the rise in March were anticipated in
scheduling.
The April lag in munitions production
affected all major categories. Only ammunition production among the major
categories exceeded March levels and
that category failed by 4 percent to meet
schedules. March records were equalled
in ship production but schedules called
for a 2 percent increase.
Aircraft which comprises almost onethird of the war production program in
dollar value fell 7 percent below March
levels and 4 percent below schedule.
Combat and motor vehicles fell 5 percent below March levels and 2 percent
below schedules, while in the case of
guns and fire control equipment the deficiency was 3 and 5 percent respectively.
Communication and radio fell 3 percent
below schedules though only 1 percent
below March levels.
Special interest attaches to the tendency toward stabilization of activity in
the construction industry. New construction in April is estimated at 314 million dollars. This represents a slight increase over the previous month and a
reversal of the trend which has been
sharply downward since the construction
activity peak was reached in the third
quarter of 1942 as shown in chart 2. Indications are that construction activity
will be stabilized throughout 1944 at approximately present levels, roughly 50
percent below the average for 1943.
This stabilization follows from the
virtual completion of the war construction program. The volume of construction scheduled from July 1940 through
March 1944 aggregated almost 50 million
dollars. Of this amount construction
newly scheduled during 1943 totaled only
3.5 to 4 billion dollars. At the present
time little further expansion is scheduled
for the balance of this year. The decline
in construction activity has been paralleled by a decline in construction employment from the 1941 peak of 2,236,000
workers to the low of 672,000 in April
1944.
Chart 2.—New Construction
Activity by Type 1
MILLIONS OF DOLLARS
1600
800
400
1942
1
1943
1944
O.D. 44-338
Data are for continental United States.
Sources : U. S. Department of Commerce, U. S.
Department of Labor, and War Production
Board.
SURVEY OF CURRENT BUSINESS
June 1944
Since victory over the enemy is the
Nation's overruling objective, proper
evaluation of production trends must be
concerned with the requirements of our
armed forces for their tasks as they see
them. The fact that such requirements
are subject to constant re-evaluation and
sudden changes, both in the component
parts as well as in the overall levels must
not detract attention from the primary
importance of the still incomplete parts
of the war program.
In 1944 the war production schedule
calls for an output of 69 billion dollars.
Production in the first 4 months of the
year has been at an annual rate of 65
billion and was, at the beginning of May,
4 billion below the schedule.
No easing in the difficult supply situation of certain basic civilian items can
be expected. The extremely tight supply
of such commodities as textiles, leather,
paper, copper and steel, and the uncertainties surrounding the food situation,
particularly meats, suggests that the
civilian economy yet faces a difficult period. War production requirements will
continue to command top priorities as is
evidenced by the fact that the War Production Board has not significantly relaxed restrictions on production of goods
for civilian consumption.
Chart 3.—Percentage Change, April 1944 from November 1943, in Wage
Earners in Manufacturing Industries
INDUSTRY GROUP
ALL
-20
-16
MANUFACTURING
CHEMICALS AND ALLIED PRODUCTS
TOBACCO MANUFACTURES
LUMBER AND TIMBER BASIC PRODUCTS
FOOD
TRANSPORTATION EQUIPMENT, EXCEPT
AUTOMOBILES
NONFERROUS METALS AND THEIR PRODUCTS
AUTOMOBILES
MACHINERY, EXCEPT ELECTRICAL
FURNITURE AND FINISHED LUMBER PRODUCTS
TEXTILE-MILL PRODUCTS AND OTHER
FIBER MANUFACTURES
APPAREL AND OTHER FINISHED
TEXTILE PRODUCTS
IRON AND STEEL AND THEIR PRODUCTS
STONE, CLAY, AND GLASS PRODUCTS
PAPER AND ALLIED PRODUCTS
PRINTING, PUBLISHING, AND ALLIED
INDUSTRIES
LEATHER AND LEATHER PRODUCTS
RUBBER PRODUCTS
ELECTRICAL MACHINERY
Employment Trends
The major influence contributing to
the decline in industrial activity has been
the reduced number of man-hours
worked in manufacturing industries, particularly in those groups which are
heavily engaged in war work and which
are largely represented in the Federal
Reserve Board index by man-hour data.
The reduction in man-hours is due primarily to the decline in the number of
wage earners without a compensating increase in the number of hours worked
per week.
Maintenance of production at levels
PRODUCTS OF PETROLEUM AND COAL
MISCELLANEOUS INDUSTRIES
DD
called for by schedules and by civilian
requirements will require continued intensification of utilization of the Nation's
manpower. On an overall basis, this is
being achieved as is evidenced by the fact
that unemployment in April was 770,000,
the lowest recorded level. Declines in
employment where they have occurred
are thus the result of shrinkage in the
labor force and of shifts of workers to
Table 2.—Estimated Employment in Nonagricultural Establishments, by Major
Industry Divisions l
[Thousands]
M o n t h and year
1939 average
1940 average
1941 average
1942 aver age
1943 average
1943:
January
February. __
March
April
May
June
July
August
September..
October
November..
December..
1944:
January
February...
March
April
Total
Manufacturing
Mining
Construction
Transportation and
public
utilities
Trade
Finance
service
and miscellaneous
Government
30, 353
31,784
35, 668
38, 447
39, 728
10, 078
10,780
12,974
15,051
16, 924
845
916
947
970
891
1,753
1,722
2,236
2,078
1,259
2,912
3, 013
3,248
3,433
3,619
6,618
6,906
7,378
7,263
7,030
4,160
4,310
4,438
4,447
4,115
3,988
4,136
4,446
5,203
5,890
39, 364
39, 344
39, 551
39, 724
39,674
39,859
39, 921
39,860
39,678
39,718
39,847
40,197
16, 423
16, 599
16, 747
16,774
16, 753
16,908
17, 059
17,182
17,136
17,194
17, 238
17,080
922
919
915
903
889
889
888
882
880
873
863
867
1,747
1,578
1,476
1,402
1,385
1,288
1,222
1,169
1,091
1,002
918
829
3,487
3, 485
3,520
3,570
3,597
3,656
3,689
3,694
3,688
3,689
3,683
3,669
6,955
6,887
6,932
7,041
6,953
6,982
6,920
6,875
6,936
7,076
7,245
7,554
4,105
4,105
4,080
4,089
4,102
4,174
4,230
4,172
4,079
4,037
4,078
4,127
5,725
5,771
5,881
5,945
5,995
5,962
5,913
5,886
5,868
5,847
5,822
6,071
38,965
38,835
38, 675
38, 506
16,825
16,735
16,511
16, 260
858
858
852
845
764
715
674
672
3,664
3,704
3,722
3,738
6,919
6,867
6,920
6,959
4,128
4,126
4,125
4,127
5,807
5,830
5,871
5,905
1
Estimates include all full- and part-time wage and salary workers in nonagricultural establishments who are employed during the pay period ending nearest the 15th of the month. Proprietors, self-employed persons, domestic
servants, and personnel of the armed forces are excluded.
Source: U. S. Department of Labor.
44-349
Source : U. S. Department of Labor.
other occupations. Among the latter
shifts the largest is the important seasonal movement of workers returning to
agriculture.
Employment in nonagricultural activities in April was well below the 1943
average and only slightly above that of
1942, continuing a decline from the peak
of December 1943. The bulk of the decline from 1943 average employment
levels took place in manufacturing and
construction. Manufacturing employment fell by 3.9 percent and construction
by 46.6 percent. Mining suffered a reduction of 5.2 percent.
Government employment remained
virtually unchanged while employment in
trade was maintained at levels only very
slightly below the 1943 average. Employment in finance, services, and miscellaneous occupations remained virtually constant although slightly above the
low levels of last October.
In contrast to these groups, the transportation and public utility category has
increased employment each month this
year and is now well above its 1943
average.
Employment in manufacturing industries continued the decline which has
persisted since the peak of last November.
The 14,000,000 wage earners then employed declined to 13,200,000 in April.
Among the war industries all those included in the metal-fabricating group
with one exception experienced maximum employment in that month and
have since experienced declines. The
exception is the electrical machinery industry which continued to increase employment slightly through February 1944.
SURVEY OF CURRENT BUSINESS
ice.
More closely related to the civilian
economy than production and employment records are the developments in the
field of civilian consumption and retail
prices. As shown in another part of this
Survey, consumption expenditures increased steadily throughout the war period, registering an all-time record total
in 1943. Current tendencies in the
civilian sector of the economy are per-
Table 3.—Estimated Wage Earners in Manufacturing Industries
[Thousands]
1944
All industries
Durable goods
Iron and steel and their products
Electrical machinery
Machinery, except electrical
Automobiles
Transportation equipment, except automobiles
Nonferrous metals and products.
Lumber and timber basic products
Furniture and finished lumber
products^
Stone, clay, and glass products..
Nondurable goods
Textile-mill products and other
fiber manufactures
Apparel and other finished textile products
Leather and leather p r o d u c t s . . .
Food and kindred products
Tobacco manufactures
Paper and allied products
Printing, publishing, and allied
industries
Chemicals and allied products-.
Products of petroleum and coal _
Rubber products
Miscellaneous industries
Source: U. S. Department of Labor.
Dccem- Januber I ary
Febru-
I March
April
13 990
8 321
13, 935
8, 319
13, 965
8, 389
14, 007
8, 456
13,878
8,403
13, 669
8,297
13,594
8,240
1 718
717
1 251
714
1, 721
725
1, 248
734
1, 731
734
1, 255
751
1,744
751
1, 263
760
1,736
751
1, 257
759
1,721
748
1,250
751
1,714
752
1,237
739
1, 691
750
1,219
725
13,203
7,997
1, 668
741
1,199
711
2,304
415
2 299
417
2, 324
422
2, 337
426
2,318
420
2,276
417
2, 257
413
2,213
406
2,177
397
482
467
463
463
454
436
434
432
425
362
358
5,669
356
352
5, 616
359
350
5,576
361
351
5,551
357
351
5,475
354
344
352
342
5,354
349
339
5,286
343
336
5,206
1,204
1,185
1,187
1,190
1,188 I 1,164
1,164 !
1,152
1,130
834
325
1,097
88
315
822
315
1,102
88
311
825
314
1,045
89
313
823
315
013
90
316
815
313
990
90
316
808
310
959
88
314
810
312
952
87
312
313
941
84
310
783
309
940
81
307
337
741
127
194
407
330
738
126
195
404
336
740
126
195
406
342
729
126
199
408
342
692
126
201
402
339
666
125
202
397
338
058
127
202
392
336
626
127
200
389
334
612
128
196
386
5,
Table 4.— Sales of Retail Stores and
Retail Prices
1939
1942
1943
5
ods stores
<
Q d u r a b1e
able goods
stores
r o
R e t a i l prices
(1939=100)
retail stores
Period
i durable
ods stores
Sales (millions
of dollars)
o °
42, 042 10, 379 31.663 100.0 100.0 100.0
57, 784 10, 070 47, 714 126. 0 128.7 124.9
63, 269 9,109154. 160 135.4 136. 0 135.1
First 4 mouths:
19,125 2, 674 16, 451 133. 1 133.8 133.0
1943 _
20, 753 2,736 18.017 136.9 140.2 135. 7
1944
Percent
change. +8.5 +2.3 +9.5 +2.9 +4.8 +2.0
Source: U. S. Department of Commerce.
Retail Sales
Industry
haps best indicated by an analysis of
retail sales and price movements.
The persistently upward trend in retail sales, in evidence since 1938, continued during the first 4 months of this
year. Despite the fact that two-thirds
of our industrial production and onequarter of our agricultural output was
for war purposes, sales of retail stores for
the first 4 months of 1944 were at peak
levels. In fact the total volume of sales
for the 4 months is estimated at $20.8
billion, a gain of 9 percent above the
same period of 1943.
able goods
stores
2. Priority referral of workers by the
United States Employment Service
whereby workers will be referred to jobs
selected by that agency on the basis of
importance to the war effort.
3. Manpower priorities which will be
set up in all labor shortage areas listed
by the War Manpower Commission as
Group I and II areas. Such priorities
will be determined by local committees
and will guide the USES in referring
workers to jobs.
4. Employment ceilings which will be
determined for establishments and will
limit the number of men who may be employed. This practice will be effective
under the program for all Group I and II
areas.
Some of these manpower control techniques are now in operation in a few of
the Group I and II labor market areas.
The extension of hiring and referral controls to all labor, and of priorities and
employment ceilings to all Group I and II
areas, is a recognition of the fact that the
available male workers must be employed
in those jobs most essential to the war
program.
The action of the War Manpower Commission represents a drastic move to meet
a situation that, rather than becoming
easier as a result of the decline in employment, is becoming more difficult in
view of production requirements.
retail stores
Among the nondurable war industries,
chemicals reached their peak in July 1943
and have experienced a very rapid decline since that time. The rubber industry reached its peak in the first 2 months
of 1944.
Although each sector of the nondurable group increased employment substantially over 1939 levels, employment
increases culminated in peaks far earlier
than in the durable industries. For most
of the former group, the highest employment came in the last half of 1941, although maximum employment was
reached by the leather industry in March
1942 and in the case of food and tobacco,
not until the last half of 1942.
The only exception to the general decline in employment in manufacturing
was the petroleum and coal products industry which has steadily increased its
employment to a new high in April.
It is clear that the high level of production which continues to be required by
the war program can be maintained only
if influences presently forcing a downward trend can be arrested. In view of
the fact that munitions production has
fallen below schedules as a result of labor
stringencies, more rigid controls over employment apparently have become necessary.
Of great importance, among the steps
which are being taken to maintain a
proper distribution of employment relative to the needs of the war program, is
the action of the War Manpower Commission in establishing rigid controls over
the hiring and employment of male labor.
This program, announced as effective
July 1 and applying to male labor, includes the following elements:
1. A controlled hiring system whereby
employers may hire male workers only
with the approval or by arrangement
with the United States Employment Serv-
June 1944
13,410
8,124
Although aggregate sales of retail
stores in recent months were substantially above a year ago, an examination
of the seasonally adjusted dollar sales for
each of the past 6 months indicates that
they have tended to level off. For the
first 4 months of this year, average
monthly sales amounted to $5,638 million, on a seasonally adjusted basis,
compared with about the same volume
in November and a slightly lower level
in December of last year. Preliminary
indications are that seasonally adjusted
sales for April of this year were 6 percent below March.
If retail sales continue throughout the
rest of 1944 at the rate of the first 4
months, sales for the entire year will
be nearly $68 billion. However, in view
of the April decline, which is perhaps
indicative of a gradual leveling off in
retail sales, an estimate of about $2
billion lower appears more probable.
This conclusion is reinforced by the
recent decision that no significant portion of our resources now being devoted
for war shall be diverted for civilian use
until after the outcome of the present
military action is clear. The continuation of restrictions on the production of
many consumer durable goods items,
such as electrical appliances, and the
imminent exhaustion of the new automobile pool will result in a continued
low volume of sales of the durable goods
group of stores. Stocks of these stores
are continuing to decline and in many
lines are being exhausted with little or
no chance of replacement. In some lines,
such as furniture, stocks have tended to
decline partly as a result of dealers' fear
of overstocking of victory models.
Most of the gain in retail sales during
the first 4 months of this year compared
SURVEY OF CURRENT BUSINESS
June 1944
with the same period of 1943 was due to
a substantial rise of 10 percent in sales
of nondurable goods stores. However,
durable goods stores also contributed to
the increase although their sales rise of
2 percent was much more moderate. A
striking observation that can be made
from chart 4 in this connection is that
sales of nondurable goods stores have
kept up fairly well with the rapid wartime increases in consumers' disposable
income. Indeed, since the end of 1942,
the volume of business of these stores
has tended to run somewhat ahead of the
rise in income.
In the two years 1939 and 1940, sales
of durable goods stores increased at a
faster rate than incomes. Wartime
shortages of consumer durables since
Pearl Harbor, however, resulted in a
strikingly diverse movement between
sales of these stores and incomes of individuals. Following the wartime low
reached in the first quarter of 1943, sales
of durable goods stores have increased
steadily an average of 1.7 percent per
quarter—a rate much below the quarterly increase in incomes. Furthermore,
sales of these stores in the first quarter
of this year were still 40 percent below
their wartime peak reached in the second
quarter of 1941.
All of the major durable goods groups
showed increases in sales for the first
4 months of this year compared to the
same period of last year with the exception of the home furnishings group. An
increase in automobile parts and tire
sales more than compensated for the
slight decline in sales of new cars. The
sharp rise in jewelry store sales was
largely due to heavy pre-tax buying during the early months of the year. The
decline in furniture store sales reflects
the continuing shortages of merchandise
in this field.
Although each of the major nondurable goods groups registered sales increases for the first 4 months compared
with a year ago there was a wide variation among the different groups extending from a 2 percent increase for apparel
stores to a 24 percent increase for eating
and drinking places. It is perhaps significant that the stores selling staple
lines—food, apparel, and general merchandise—showed only moderate increases, while a substantial rise in sales
occurred in eating and drinking places,
and drug stores.
In large part, this difference is due to
the greater effectiveness of rationing and
Table 5.—Sales of Retail Stores -Seasonally Adjusted
[Millions of dollars]
All
retail
stores
Year and month
1943:
October
November.
December...
1944:
January
February
March
April (p)
__
Durable Nondurgoods able goods
stores
stores
5,392
5,656
5,511
797
818
757
4,595
4,838
4,754
5,732
5,695
5,738
5,388
809
797
796
721
4,923
4,898
4,942
4,667
(p) Preliminary.
Source: U. S. Dept. of Commerce.
Chart 4.—Sales of Retail Stores and Disposable Income of Individuals
RATIO SCALE
INDEX, 1939= 100
ADJUSTED FOR SEASONAL VARIATK)N
200
DISPOSABLE INCOME
OF INDIVIDUALS K.
4*
Oo°oooooooo°°°
0OO°°
^
^
~—v
150
2t
i
,
SALES OF
NONDUR/
BLE-GOODS STO RES
i
\
/
\
\
\
too
90
SALES OF
•/
^"**
DURABLE-GOODS STORES
80
®
70
i
I
!939
!940
1941
!
! !
1942
!
i
PRELIMINARY
!
i
1944
1943
D. D. 44-343
Source : U. S. Department of Commerce
price control for the staple items. However, the evidence on hand seems to indicate that a part of individuals' disposable
income that cannot be spent for staple
commodities, because of wartime shortages and price control, is spilling over
into the semiluxury lines.
Part of the sales rise in the first 4
months of 1944 compared with the corresponding period of 1943 was due to the
increase in retail prices. The Department's retail goods price index averaged
36.9 percent above 1939 in the first 4
months of this year and 2.9 percent above
the average for the like period of 1943.
Since only part of the sales increase of
9 percent was accounted for by higher
prices, it is apparent that retail stores
sold more goods this year than a year ago.
It is also apparent from table 1 that the
increased quantities of goods were sold
by nondurable goods stores since the rise
in retail prices at durable goods stores
was larger than the increase in dollar
sales of these stores.
On a seasonally adjusted basis retail
sales have shown a tendency to level off
in recent months. This has been true
of all of the major groups except building
materials and hardware stores. The substantial decline in April sales, shown by
the preliminary estimates in table 2, was
general for all of the major groups.
However, the more pronounced declines
occurred in jewelry, apparel, and general
merchandise stores.
In the case of jewelry the April drop was
the aftermath of the heavy pre-tax buying during the previous months, particularly in March. This factor was also responsible in part for the April decline in
general merchandise store sales. In addition, exceptionally heavy pre-Easter
buying of apparel, chiefly in women's
clothing, appears to have been followed
by a seasonal drop in April greater than
normal.
Indications so far this year point to a
halt in the sales trend away from chain
stores. This trend has been in evidence
since the first quarter of 1942 when chain
store sales accounted for nearly 25 percent of total retail sales. This proportion declined steadily until it was slightly
below 22 percent in the last quarter of
1943.
However, during the first quarter of
1944 a moderate rise was recorded in the
chain store proportion. It is too early
to be sure that this represents a reversal
df the previous downward trend, although
if the supply situation improves, particularly of the lower-priced standard products, there will be a tendency for the
chain outlets to increase their sales relative to the independents.
The most striking improvement in the
first quarter of this year was made by the
chain general merchandise stores whose
proportion of total sales increased to 40.1
percent compared to 37.1 percent in the
fourth quarter of 1943. The latter ratio
represented the low point in a steady
decline which occurred from the first
(Continued on p. 13)
Table 6.—Sales of Chain Stores Compared
to Sales of All Retail Stores
[Seasonally adjusted dollar sales in millions of dollars]
1942,
1st
quarter
1943
2d
3d
1944,
1st
4th
quarter
quar- quarter
All retail stores- 14,483:15,819; 15,393 15, 761 16, 559 17,165
3,759 3,522 3,597 3,581 3,846
Chain
Percent
chain
24.6 23. i 22.9 22.8 21.6 22.4
Pood stores
3,655 4,349 4,161 4,161 4, 528 4,573
Chain
1,296 1,325 1,260 1,302 1,309 1,337
Percent
29.2
chain
35. 5! 30.5 30.3 31.3
General merchandise
I 2,277 2,612 2,363 2,497 2,554
stores
948 1,082
961
1,054
940
Chain
Percent
chain
43.9 40.4 39.8 38.5 37.1 40.1
Apparel stores.. 1,328 1,759 1,516 1,554 1,627 1,725
464
429
521
521
Chain
437
Percent
28.5 30.2
chain
32.
29.6 28.3
I
Source: U. S. Dept. of Commerce.
SURVEY OF CURRENT BUSINESS
6
June 1944
Consumption Expenditures, 1929-43
By William H. Shaw,* National Income Unit, Bureau of Foreign and Domestic Commerce
For some time the Bureau of
Foreign and Domestic Commerce
has been engaged in an intensive
study 1 of consumption expenditures. The results of this study—
detailed annual estimates covering
all consumption expenditures since
1929—are presented in this article.
Because of gaps in the basic data
the estimates necessarily represent
varying degrees of perfection although they reflect the careful use
of all available sources. , It is anticipated that experts in specific
fields will be able to suggest improvements.
RIGINALLY undertaken as a part
of the Bureau's comprehensive reO
search on the national product and na-
tional income, the estimates of consumption expendtures are of major economic
significance in themselves. Not only does
the total constitute the largest single segment of the national product but it affords a measure of how successfully the
economic system has achieved its end of
satisfying consumer needs for commodities and services.
Moreover, the detailed breakdown
makes possible a much clearer understanding of the cyclical shifts in the provision of consumer goods. Finally, the
estimates are useful in interpreting the
changes that have taken place during the
war and in analyzing the post-war problems that business will face in the consumer market field.
Definitions.
The concepts and definitions employed
in making the estimates were conditioned
by the necessity of arriving at a total that
wouldfitinto the Bureau's
over-all study
of the national product.2 This total is
* Edward F. Denison prepared the estimates
for most of the consumer services, Dorothy
Coleman those for housing, and Tynan Smith
those
for alcoholic beverages.
1
Incomplete preliminary estimates were
published in articles on "The Gross Flow of
Finished Commodities and New Construction"
and "Consumer Expenditures for Selected
Groups of Services" in the April and October
1942 issues of the SURVEY OF CURRENT BUSI-
NESS. The present estimates supersede all
figures in those articles. For a comparison of
the earlier estimates with the present see
appendix
note below.
2
Although comprehensive estimates of the
national product are now prepared by the
Bureau
(cf. SURVEY OF CURRENT BUSINESS,
April 1944), a fundamental revision of all the
component series is in progress. The present
estimates are the first of the major segments
to be revised. They are not comparable with
the consumer expenditure series shown in the
national product tables, and they are being released at this time solely because of their
intrinsic usefulness and in accordance with
the Bureau's policy to release new data at
the earliest possible opportunity.
presented in Tables 1 and 2 and is designated as consumption expenditures.3
Strictly speaking, it is not the same as
total expenditures by consumers since it
is defined as the value of goods reaching
consumers whether or not these goods
are purchased directly by consumers.
Most consumer services rendered by
government are, however, explicitly excluded from the total. The more important conceptual decisions made in accordance with this definition are outlined
in the following paragraphs.
First, unlike some totals that have been
labelled consumer expenditures, and in
particular, unlike the data carried currently in the Survey (p. S-7) the imputed
rental value of owner-occupied
dwelling
units is included.4 This inclusion derives
from the decision to treat all new residential construction, both for tenant and
owner-occupancy, as a capital investment in the national product total rather
than as a consumption expenditure.
Consequently, in a given year it is the
full value of the services supplied by
owner-occupied dwelling units, i. e., the
imputed rental value, rather than the
value of the new construction of such
units, that is defined as a consumption
expenditure.
Second, as already indicated, most payments to Government are excluded from
tables 1 and 2. Not only are direct individual taxes—income, inheritance,
etc.—omitted but also such items as
tuition paid to state universities, and li3
Table 3 is a rearrangement of table 2 plus
the inclusion of a number of additional consumer outlay series of interest to many
analysis. A reconciliation of the two tables
is 4given at the bottom of table 3.
Aside from this major conceptual difference the present annual totals differ from
those that can be summated from the
monthly series because of numerous revisions.
Work on the preparation of quarterly series
that will tie in with the present annual totals
is in progress.
cense fees of various kinds. (Estimates
for some of these items are included in
table 3.)
But payments to public service enterprises and for other types of government
services, the charge for which corresponds roughly to the cost of providing
the service or to the charge for a similar
service rendered by private enterprise, are
included. Thus consumer payments to
municipally operated public utilities as
well as for postage and admission to state
university sport events are included.
Third, the values of some goods other
than imputed rent, that do not actually
pass through the market in the sense of
being bought by consumers are included.
These are most important in the food
group. The values of food produced and
consumed on farms and of food furnished commercial employees are two of
the larger series. A third, the value of
Government relief in kind, is included in
order to be consistent with the treatment
of relief in kind as part of income payments.
Fourth, in order to have an estimate
that when added to the other segments of
the national product will reach the conceptually desired total, certain series are
entered in tables 1 and 2 on a net rather
than gross basis.
Insurance is a notable example. Since
that portion of premiums which is used
to pay benefits during the same year must
be considered as a transfer among individuals because there is no corresponding
income produced, claims paid have been
deducted from premiums to arrive at the
desired net figure for each of the insurance entries except life insurance. For
life insurance, the operating expenses of
insurance companies, other than those
allocable to the provision of accident and
health insurance are used as the measure
of consumption expenditures.
Another example of treatment on a net
basis is the measurement of the value of
Table 1.—Value and Percentage Distribution of Consumption Expenditures, by Type
of Product, Average 1929-41, 1942, and 1943
Values (millions of dollars)1
Group
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
Food and tobacco
Clothing, accessories, and jewelry.
Personal care
Housing
Household operation
Medical care and death expenses..
Personal business
Transportation
Recreation
Private education and research
Religious and welfare activities
Foreign travel and remittances
Total consumption expenditures..
Total commodities
Total services
1
2
Average,
1929-41
4, 640
801
1, 233
190
Details will not necessarily add to total because of rounding
Preliminary.
Percentage distribution
1943 2 i! Average,
1929-41
31,459
12, 547
1, 529
10,127
13, 294
4,407
2,877
63,481
39, 250
24, 231
j
88,681 |
58,753 |
29,928 i
I
1942
1
1943 2
36, 600
14, 800
1,800
10, 400
13. 300
4,700
2,950
5, 700
5, 000
850
1, 500
150
30.2
12.8
1.5
14. 1
14.5
4.9
4.0
9.6
5.2
.9
1.6
.9
35. 5
14. 1
1. 7
11.4
15.0
5.0
3.2
6.3
5.2
1.4
.2
37.4
15.1
1.8
10.6
13.6
4.8
3.0
5.8
5.1
.9
1.5
.2
97, 750
66,050
31, 700
100. 0
61.8
38.2
100.0
66. 3
33.7
100. 0
67.6
32.4
.9
June 1944
second-hand merchandise. Here only
the excess of consumer purchases from
second-hand dealers over sales to second
hand-dealers is included.
Fifth, the value of the services to consumers by nonprofit organizations is
measured by the current expenditures of
those organizations on such services.
This is equivalent to valuation on a cost
basis without respect to source of income.
As indicated in table 3 current expenditures are usually higher than receipts
from individuals, which are sometimes
used as a measure of the value of consumer services provided by nonprofit
organizations.
In addition to the broader conceptual
interpretations that have been mentioned, there are quirks in the definitions
of particular series. The more important
of these are described in the footnotes
to table 2. Information about series that
are not there described and about the
sources and methods used to derive any
particular estimate will be supplied on
request. (It is 'planned to publish detailed notes on the derivation of the estimates when the basic revisions of all
components of the national product are
completed.)
Classification.
There are many systems of classifying
consumer goods. Which system to emphasize depends, of course, on the specific
problem about which information is
sought. In this article an approximate
budgetary classification is employed because of its varied uses, but the detail
presented in the tables makes possible
many other forms of arrangement.
Presentation in terms of commodities
versus services, nondurability versus
durability, or simply in terms of observed
sensitivity to the business cycle are
among the alternatives.
Partly because of lack of detail, however, and partly because of differences in
opinion regarding the proper classification of a particular commodity or service, no system of classification can be
precise. The system adopted here well
illustrates these difficulties.
Although an attempt has been made to
follow a standard budget classification,
the groupings are not always distinct so
that the assignment of a particular
series to a given group may in some
instances appear arbitrary. The recreation group, for example, is much narrower than some analysts might conceive it. Such analysts might well want
sportswear, meals served at clubs and
summer resorts, vacation transportation
expenditures and the like included.
Despite these difficulties, it is believed
that the groupings in tables 2 and 3 are
sufficiently clear-cut to be of considerable use in economic and marketing
analysis.
Before discussing the estimates, it is
desirable to recapitulate the differences
between table 2 and table 3. Table 2
groups consumption expenditures by
type of product; table 3 by type of outlay.
Thus, in table 2, gifts and bequests are
not shown as such but are absorbed in
the appropriate product groups.
A second difference is that, as previ
SURVEY OF CURRENT BUSINESS
Chart 1.—Consumption Expenditures by Major Budget Classes
BILLIONS OF DOLLARS
100
!929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
D. D. 44 -339
1
Includes medical and death expenses, personal business, private education and research, religious
and welfare activities, and foreign travel and remittances.
Source : U. S. Department of Commerce.
ously noted, table 3 contains estimates
for some consumer payments to Government, which are omitted from table 2.
Third, some items such as insurance,
which are shown in table 2 on a net basis,
are shown in table 3 on a gross basis, i. e.,
inclusive of transfers among individuals.
Finally, as has already been indicated,
services of nonprofit organizations to individuals are measured at cost in table 2,
While in table 3 only the direct consumer
outlay for such services is reported. At
the end of table 3 the adjustments required to reach the total in table 2 are
shown.
Pre-war and War Years.
Over the period 1929-41 consumption
expenditures averaged 63 billion dollars
annually. Three major budget segments: food and tobacco, shelter
(housing and household operation),
and clothing and personal care accounted for almost three-fourths of this
total. Transportation, recreation, and
medical care constituted the greater part
of the remainder.
Of particular interest is a comparison
between the pre-war averages and the
values for the war years. Despite an 89
billion dollar total in 1942, 40 percent
higher than the pre-war average, and a
98 billion total in 1943, 54 percent higher,
several groups, which in peacetime would
have participated strongly in so large an
increase, failed to rise proportionately to
the total.
Outstanding in this respect is the
transportation group. Reflecting both
the virtual disappearance of new cars
and rationing of tires and gasoline, this
group not only did not share in the general increase but actually declined from
its pre-war average. In view of the inclusion of several years of serious depression in the prewar average, the decline
is especially indicative of the impact of
the war.
A second group, foreign travel, fell pre-
cipitously for obvious reasons. A third,
housing, rose but considerably less than
did total consumption expenditures. The
curtailment of new residential construction and the relatively rigid control of
rents, as compared with the prices of
other goods, partly account for the failure of the housing group to keep pace
with the total increase.
Another type of breakdown that reveals the impact of the war is that between commodities and services. Relative to average pre-war levels the value
of commodities was 50 percent higher in
1942 and 70 percent higher in 1943; that
of services was 23 percent and 29 percent
higher respectively. The effects of the
war, however, are indicated not by the
differential increases as such but by the
movements of specific commodity groups.
An unusually large part of the rise in
the commodity total was accounted for
by food and tobacco, and clothing including shoes. Commodities exclusive
of these two important components were
only 27 percent above the 1929-41 average in 1942 and about 35 percent in 1943.
Of course, precipitous declines in such
individual commodities as new cars, tires
and the major electrical appliances are
chiefly responsible for the relative smallness of the increases in this residual.
The movements of the detailed series
afford, in fact, most striking illustrations
of the impact of the war. As early as
1942, the latest year for which detailed
estimates are available, numerous modifications of the peace-time consumption
pattern are indicated.
The sharp declines in metal-using
commodities, the resurgence of purchased transportation—a reversal of the
trend of the 1930's—the falling off in
attendance at spectator sports, and the
extraordinary rise in fees paid to commercial, business and trade schools, are
but a few examples of specific modifications. Clearly, the pattern of consumption has been and is being affected
markedly by the war.
8
SURVEY OF CURRENT BUSINESS
Changes During Business Cycles.
A succinct appraisal of changes in
consumption expenditures during business cycles can be made by a simple comparison of the estimates for peak and
trough years. Most appropriate for this
purpose in the period 1929-41 are the
peak years 1929, 1937 and 1941 and the
trough years 1933 and 1938.
Examination of the twelve major
groups reveals that most of them are too
heterogeneous internally to show marked
variation in their response to changing
business conditions. Certain broad differences are indicated, however.
For example, if the relative decline
from 1929 to 1933 and the relative rise
from 1933 to 1937 are used as criteria,
the transportation, recreation, foreign
travel, and household operation groups
fluctuate most, and the housing, private
education and research, and religious and
welfare groups least. Correction for
price changes would probably accentuate
these differences. Moreover, price corrections would reduce appreciably the
rather large fluctuations in the food and
tobacco, and the clothing, accessories and
jewelry groups.
Distinct differences in cyclical movements are also revealed by a comparison
of total commodities with total services.
As might be expected the commodity total
fluctuates more than that for services.
This is brought out by the percentage distribution shown in chart 2. Incidentally,
this chart refutes the common belief of a
pronounced upward trend in the relative
importance of consumer services from
1929 to 1941.
The clearest illustrations, however, of
differences in cyclical patterns are obtained by selecting types of goods which
by their very nature should be hypersensitive to changes in business conditions.
One example of this kind of5 selection is
heavy durable commodities. These are
here defined to include furniture, floor
coverings, refrigerators, washing and sewing machines, cooking and portable heating equipment, and new cars.
As compared with all other commodities and services, the heavy durable group
fluctuates violently. From 1929-33, for
example, the total of heavy durable commodities declined 66 percent, while all
other commodities and services declined
42 percent and 35 percent respectively.
Even the relatively mild contraction of
1938 stands out sharply in the heavy durable group. Its decline of 27 percent
compares with declines of only 4 and of
less than 1 percent for all other commodities and total services respectively.
It is of particular interest to note that
when the heavy durable commodities are
subtracted, the movement of the total of
the remaining commodities no longer
differs greatly from that of total services.
In fact, for purposes of cyclical analysis
much of the distinction between these
two broad groups, measured in current
prices, seems to disappear. And it is
apparent that the range of variation
within each of the broad groups is far
5
Selection could also be made on the basis
of relative postponability—a classification
that would reflect both durability and degree
of immediate essentiality.
June 1944
Chart 2.—Percentage Distribution of Consumption Expenditures for
Commodities and Services
PERCENT
100
i
I
I
80
60
40
20
1929
1933
1937 1938 1939
Source : U. S. Department of Commerce.
greater than the variation between them.
Inspection of the detailed series confirms the impression that a commodityservice classification, in order of durability alone, is not sufficient for purposes
of cyclical analysis. Using the percentage decline from 1929 to 1933 as a crude
measure of sensitivity to changes in business conditions, and examining only series with a value of 200 million dollars or
more in 1929, the following 27 series
showed declines of at least 40 percent:
Number in
table 2
IX(oh)
VIII (6)
VIII (la)
11(11)
VIII(3a)
I(2e)
V(6)
VIII (lc)
V(2)
XII (2)
IX (6)
V(26)
VIII(2b)
V(8)
11(5)
11(3)
IX (5a)
11(7)
VHI(le)
I(2b)
VI(4)
1(4)
IX(4)
Scries
Radios, phonographs, parts and
records - _. . .
Brokerage charges and interest,
and investment counseling
New cars
Jewelry and watches
Auto parts and accessories
Steam railway (excl. commutation)
Meals and beverages in institutions, clubs, and industrial
lunchrooms
Cooking and portable heating
equipment
Tires and tubes
Floor coverings
__
Furniture.^ __Other foreign travel expenditures
Flowers, seeds, and potted plants
Domestic service (excl. practical
nurses)
Taxicab fares and tips
Ilousefurnishings and equipment,
n. e. C- Cleaning, dyeing, pressing, etc
Clothing and accessories except
footwear _ __ ._ .
Books and maps
...
Laundering
. _
Automobile repair, greasing,
washing, etc
Interest on personal debt
Meals and beverages in hotels
Dentists . . -_._ . .
Food produced and consumed on
farms
Specified commercial participant
amusements
Shoes and other footwear .
Percent
decline,
1929 to
1933
77.1
73.1
70.6
69 5
66.6
65.2
64 5
62.8
62 2
62.1
60.7
60.4
59.4
57.1
56.4
52.7
51.0
49.7
49.4
47.0
46.5
45.4
43.2
42.8
42.0
41.3
41.2
It is not surprising to note the inclusion
of most of the more important durable
commodities in this classification. But
it is surprising to note that 12 of the 27
series are usually defined as services and
1940
1941
§
SERVICES
I
COMMODITIES
1942 1943
D.D. 44-340
5 others as nondurable commodities.
Moreover, a similar though not identical
tabulation could be obtained by tabulating the most sensitive series in the
1937-38 decline.
Of course, the extent to which the different series are influenced by secular
movements would affect the interpretation of such tabulations. Also adjustment for price changes would modify the
tabulations considerably. But even with
these qualifications in mind it is apparent
that sensitivity to changes in business
conditions cuts across the customary
commodity-service and durability classification.
Appendix Note
This note explains briefly the major differences between the commodity and service
estimates in the April and October 1942 Survey articles and the present one. For a general description of methods the reader should
consult the April and October articles. Since
the methods of derivation follow closely those
described in the earlier articles, they are not
explained here.
The reasons for differences in the two sets
of estimates can be subsumed under the following headings: Scope of the estimates;
shifts in classification; improvements in estimating procedure.
I. Scope of the estimates.
The earlier articles did not include estimates for many of the series in the present
one. The more important omissions were:
the entire housing group; tools and domestic
service in the household operation group; the
entire personal business group; used cars in
the transportation group; and flowers, seeds
and potted plants in the recreation group.
Moreover gifts and bequests were not absorbed
in the appropriate institutional service.
II. Shifts in classification.
(1) The April 1942 article arrayed the commodity groups in order of durability. As
explained in the text of this article, it was
decided not to emphasize this classification.
However, array by durability, roughly comparable with that in the April article, is possible with one notable exception. The present
grouping does not distinguish between semidurable and durable house furnishings. The
two groups are combined because the estimating methods do not make possible a reliable break-down.
SURVEY OF CURRENT BUSINESS
June 1944
Table 2.—Consumption Expenditures 19 by Type of Product, 1929—1942
[Millions of dollars]
Group
I. Food 2 and tobacco_.
1. Food purchased for off-premise consumption 3 (c)
2. Purchased meals and beverages
a. Retail, service and amusement
establishments (c)
b. Hotels (c)
c. Dining and buffet cars (c)
.
d. Schools and school fraternities (c)
e. Institutions, clubs and industrial lunchrooms (c)
f. Tips (c)
3. Food furnished commercial employees (c)
4. Food produced and consumed on
farms (c)
5. Tobacco products and smoking supplies (c)
II. Clothing, accessories and jewelry
1. Shoes and other footwear (c)
2. Shoe cleaning and repair (s)
3. Clothing and' accessories except footwear (c)
4. Fur storage and repair (s)
5. Cleaning, dyeing, pressing, alteration,
storage and repair of garments,
n. e. c. (in shops) (s)
6. Dressmakers and seamstresses (not
in shops) (s)
7. Laundering (in establishments) (s)
8. Costume and dress suit rental (s)
9. Net purchases from second-hand
clothing dealers (s)
10. Miscellaneous personal services (s)
11. Jewelry and watches (c)
12. Watch, clock and jewelry repairs (s)_-III. Personal care
1. Toilet articles and preparations (c)
2. Barbershop services (sj
3. Beauty parlor services (s)
.
4. Baths and masseurs (s)
IV. Housing
1. Owner-occupied nonfarm
dwellings
space—rental value A ( s )
2. Tenant-occupied nonfarm dwellings
(including lodging houses)—space
rent Hs)
3. Rental value of farm houses (s)
4. Transient hotels and tourist cabins ( s ).
5. Clubs, schools and institutions (s)
Household operation
_
1. Furniture (c )
2. Floor coverings (c)
3. Refrigerators, and washing and sewing machines (c)
4. Miscellaneous electrical appliances
(except radios) (c)
5. Lighting supplies (c)
6. Cooking and portable heating equipment (c)
7. China, glassware, tableware and
utensils (c )
8. House furnishings and equipment,
n.e.c.(c)
9. Products of custom establishments,
n. e. e.(c)
_
10. Tools (c)
11. Cleaning and polishing preparations
(c)
12. Net purchases from second-hand
furniture and antique dealers (s)
13. Upholstery and furniture repair ( $ )
14. Rug. drapery and mattress cleaning
and repair (s)
15. Care of electrical equipment (except
radios) and stoves (s)
16. Writing equipment fcj..
17. Stationery and writing supplies ( c ) . _
18. Miscellaneous household paper products ( c )
19. Fuel (except gas) and ice
a. Purchased (c)
b. Produced and consumed on
farms (c)-_
.
20. Household utilities
a. Electricity («)__ __
b. Gas 00
c. Water (fl)
21. Telephone (*)
22. Telegraph, cable and wireless (s)
23. Postage (,9)
24. Express charges (,s)
25. Moving expenses and warehousing (s)
26. Domestic service (excluding practical
nurses)
a. Cash payments (s)
b. Value of meals furnished (s)
27. Fire and theft insurance on5 personal
property—net payments (s)
28. Miscellaneous household operation
services (s)
SeeFRASER
footnotes at end of table.
Digitized for
5SS620—44
2
1930
1931
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
21,722.6 20,102.3 17,019.2 13,545.3 13,276.6 16,005.8 17,965.4 19,978.9 21,419.7 20,109. 7 20, 606. 7 21,876.1 25, 295. 6 31, 459. 2
8, 764.7
14,835.7 13, 701. 5 11,261.
3,341.3 3,163.6 2,834. 2 2, 319.2
2,414. 7 2,306.3
362.7
395.7
30.3
34.
2,129.9
300.7
23.0
1,775.0
229.8
14.5
8,945. 5 10,883.1 12,155.7 13, 577.* 14,277. 7 13, 256.0 13,407.1 14,189.0 16, 250. 9 20, 279.0
2,011.1 2, 553.5 2,923. 7 3,330.1 3,895.4 3,735.4 4,051.5 4, 430. 7 5, 371. 5 6,840.9
1,518.8
224.7
12.4
1,926.9
321.6
14.7
2, 227.1
358.1
16.2
2, 542.8
414.3
20.5
3,030.1
443.4
23.
2,920. 5 3,215.7
415.4
429.0
21.4
22.5
3, 539. 2 4,381.7
498.1
460.1
29.7
23.4
5,638.4
577.5
61.9
116.2
108.4
95.3
102.4
111.0
117.7
127.4
128.1
130.4
134.3
141.1
148.0
269.2
109.9
244.4
103.7
180.0
92.2
121.1
79.0
95.6
64.3
105.3
116.6
94.6
127.3
108.2
144.4
126.5
128.7
120.9
122.5
131.4
129.!
143.!
146.3
174.6
190.6
224.5
235.4
226.0
182.3
148.3
144.5
247.3
224.1
229.1
242.5
288.6
382.3
1, 382. 5 1,126. 5
891.2
892.0
1,097. 6
1,090. 5
1, 256.3
1,537.0
1, 773. 2 1, 628.7 1,614.4
11,138. 5 9, 749.4 8,320.6
1,631.0 1, 364. 6 1,20
164.4
141.3
114.0
1,421.9
6,225.6
1, 038.3
100.4
948.2
1,283. 5 1,446.8 1,515.6
5, 637.4 6, 616.4 7, 225.8
958.5 1,065. 5 1,100.
97.5
106.0
101.7
1, 256. 2 1,147. 5
1, 244.
117.7
1,821.4
8,311.4
1,219.9
113.7
7, 706. 7 6, 741. 9 5,837.4
21.1
16.9
24.8
4, 200.1
11.6
3,875. 0 4, 658. 5 5,123. 6 5, 448.!
13.2
16.8
19.'
10.1
5, 378. 9 5,386.8
24.6
23.2
5, 828.9
25.9
1,923.4 2,128.3 2,420.0
8,800.7 10, 341. 2 12, 547. 2
1,263.5 1,481.0 1,851.8
126.1
144.5
178.8
6,146. S 7,193. 9 8, 726.7
28.5
38.3
33.5
1,537.0
448.2
334.6
50.1
459.1
3.1
57.9
476.7
3.1
5.2
10.9
480.5
529. 6
73.4
80.0
1,112.3 1,070.4
546.7
588.0
349.0
349.5
167.0
167.0
7.8
7.7
11, 273. 3 10, 851. 8
38.0
393. 5
2.8
308.1
53.3
975. 3
500.3
309.9
158.2
6.9
10,102. 7
5, 806. 8 5,494. 8 5,047. 2
4,374. 3 4, 278.1
829.0
830.0
124.1
113.4
139.1
135.5
11,063.7 9,924.4
1, 209. 4
935.4
499.5
347.9
356.9
323.0
144.7
85.7
136.9
75.7
302.5
259.6
550.3
1, 289. 2
1, 517. 7
29.9
94.4
24.4
81.5
352.6
34.3
24.1
32.2
23. 41
18.5
19.3
63.6
137.7
19.9
74.3
148.1
113.7
108.9
1, 396. 8 1,475.1
615.5)
660.3
548. lj
566.9
233. 2
247
543.0
551.0
15. 8,
14.2
78.8
84.0
24.4
29.1
89.2
24.0
!
25. 9!
215.7
1, 224.0
284. (
1, 630. 6 1, 743.1
7,754.1 7,878.9
1, 203.0 1, 266.8
113.3
121.6
1, 746. 6
7,834.6
360.2
365.7
371.3
408.7
478.1
35.7
323.8
2.9
30.4
309.1
2.
32.6
313.3
2.9
34.7
331.4
3.1
35.9
379.6
3.4
4.4
4.4
8.5
8.4
341.3
296.0
44.2
48.8
949.2
967.3
994.0
439.9
476.1
434.3
254.2
251.8
272.1
258.3
247.7
253.4
• 7.8
7.4
7.5
8,832.
6
8, 279. 8 8, 628. 3
4.4
9.9
388.1
54.7
1,107. 3
502.3
293.0
303.0
9.0
7, 437. 7
4.4
7.7
260.4
38.3
887.9
419.2
420.1
244.8
229.5
192.3
217.3
5.7
6.6
7,498. 5 7,779.1
3,606.0
3, 609. 6 3, 721.2
3, 910.8
252.1
27.3
311.0
2.2
4.8
6.3
244.8
38.9
841.3
445.0
253.3
137.5
5.5
^3.6
252.8
2.0
27.0
262.9
2.2
4.7
5.4
161.7
26.3
704.8
365.1
212.7
122.2
4.8
4.5
6.4
186.9
35.5
784.0
400.5
221.0
157.3
5.2
8,844. 0
7,732.0
4,368.0
3,804.0
28.5
273.2
2.3
*
319.3
31.2
305.4
2.
4.3
7.0
240.0
38.3
4.4
8.5
307.1
45.8
3, 236. 9 3,495.
648.0
615.0
103.0
90.
115.2
122.4
9,048. 2 9,655.3
923.8
849.8
338.7
370.7
4,060.:
4,134.0
375.0
453.0
601.8
155.6
93.9
167.4
95.4
181.4
79.1
186.9
218.3
95.6
283.8
121.0
286.5
385.1
84.8
145.0
194.2
239.6
258.7
228.5
209.9
433.7
439.4
454.5
468.9
525.9
551.7
507.0
508.2
768.5
717.7
870.3
928.8
1,134. 0
1,168. 6
1,059. 9
14.3
40.5
239.1
13.1
38.1
15.6
51.2
17.5
58.3
21.7
68.5
22.9
83.3
20.
72.3
1, 268.4
23.9
80.9
258.!
273.7
317.7
356.5
374.2
389.0
18.1
34.3
18.6
38.9
18.1
43.5
17.9
48.1
20.1
20.0
20.0
27.5
46.1
109.9
29.
43.1
101.3
31.
44.3
127.4
23.4
22.2
16.0
17.8
48.4
116.4
1, 485.0
674.3
562.5
248.2
536.0
11.
72.
15.4
33.1
76.8
19.7
21.5
18.7
25.6
17.9
29.7
10.3
13.1
16.2
13.0
26.7
79.
17.2
29.8
79.
21.9
36.8
93.0
4,410.0
328.4
112.6
28.7
22.8
4, 236.0
4.4
4.9
13.1
11.0
618.5
505.1
84.2
70.0
1, 274. 4 1, 529. 3
725. 0
601.5
322.1
387.6
404.8
340.7
11.9
10.1
9,664.4 10,127. 2
447.9
389.0
130.8
20.6
57.5
9,136. 3
24.
43.6
103.9
41.5
437.1
3.7
4, 531. 2
3, 706. 9 3,826. 9 3, 993. 7 4, 294. 9 4, 563.4
760.0
632.0
706.0
665.0
636.0
129. 8
102.9
116.2
110.1
107.2
142.8
125.
137.3
131. 5
128.5
9,793. 7 10,689. 7 12,319.1 13,294.3
9,027.
914.2 1,046. 7 1,357. 8 1,457. 2
814.9
359.5
323.5
391.3
501.8
480.7
70.5
1, 299.0 1,003.
822.
1,053. 0
181.
246.0
1,501.0
1, 225.0
276.0
219.!
199.7
1,170. 7
3,087.0
4,077.9 3,635. 5 3,189.7 3,044.
616.0
616.0
754.0
655.0
578.0
79.0
71.5
96.7
74.0
63.6
106.9
99.4
126.9
111.5
96.7
8,730. 3 6,993. 8 6, 697. 5 7, 556. 5 8.015.5
475. 5
554.3
82:
540.6
666.0
307.1
189.4
275.6
224.1
319.9
330.7
184.8
292.0
282.8
124.3
64.8
83.3
108. 4
119.0
91.9
70.5
85.7
76.0
125.9
117.1
1,541.4 1,317.3
1,432. 5 1,221.6
121.0
1, 608.1
1,494.4
239.!
82.
174.2
248.3
529.4
668. 3
131.7
309.1
579.7
710.8
747.1
1,346.2
1,553.0
1,755.0
26.2
31.9J
132.2
35.2
155.6
18.6!
57.3
19.0
66.1
88.8
385.1
18.3
52.7
34.9
48.3
138.9
29.5
56.8
164.0
59.6
63.8
184.0
225. 8
285. 5
160.8
181. 5
195. 5
143. 8
171.5
124.5
90.8
106.0
87.9
1, 278.9 1, 409.3 1, 414. 8 I, 309. 3 1,395.7 1,555.7 1,704.3! 1,982.2
1,138. 2 1,151.0 1, 342.
1,044. 9 1,054. 2 1, 245. 0 1,175. 2 1, 305. 9 1, 309. 2 1, 210. 3 1,286.21 1,450.6 1,598.6 1,871.3
96.8
1, 438.8 1,375.3
645.4
662.51
504.5
543.7|
225.4
232. 61
444.0
490.0
9.2
9.2
80.0
75.8
12.3
14.2
65.0
78.7
103.7
97.7
1,427. 2 1,468.1
696.9
671.1
510.9
504.1
260.3
252.0
443.0
428.0
9.6
9.S
88.3
83.9
14.4
13. £
61.8
60.
110.9
105.1
99.0
109. 5|
103.4
105.7|
105.6
1,518.9 1, 573. 8 1, 612. 3 1,680.11 1,785.4! 1,851.2: 1,961.5
809.7
726.5
965.2, 1,016.1
766.0
848.8
910.11
528.3
519. 6
587. lj
633. 8
530.6
544.2
583.9
274.3
272.8
298.9:
277.
311.6
287.1
291. 41
510.8
466.9
613.6;
486.
705. 3
532.9
567.9
11.2
16.51
19.0
12.0
12.7
10.6
10.
108.0
130.2:
109.3
145.0
117.0
100.5
105.
16.5
18.7!
20.1
17.4!
15.
16.
16.
76.4
74.7
80. 2:
90. Oj
105.0
72.2
64.4
897.
715.
182.
1, 048. 0
847.0
201.0
910.
738.
172.
731.0
601.01
130. 0
644.0
524.0
120.0
749.
599.
150.
806.
637.
169.
15.3
17.
20.
19.4
22.5
19.8
23.1
23.
24.
24.7
24.3
19.7
16.5
13.2|
25.
24.3
22. 8'
995.0
817.0
178.0
1, 081. 0| 1,117.0
918.0
890. 01
199.0
191.0;
234.0
20.1;
24.6
25.0:
1, 287.0
1, 053. 0
26. 1
20.2
27 5
10
SURVEY OF CURRENT BUSINESS
June 1944
Table 2.—Consumption Expenditures *, by Type of Product, 1929-1942—Continued
Group
1929
VI. Medical care and death expenses.
3,558.9
567.9
1. Drug preparations and sundries (c)-_2. Ophthalmic products and orthopedic
131.2
appliances (c)
958.9
3. Physicians («)
482.5
4. Dentists (s)
40.7
5. Osteopathic physicians (,s)
48.
6. Chiropractors (s)
19.
7. Chiropodists and podiatrists6 (s)
8. Private duty trained nurses (.«)
113.0
9. Practical nurses and midwives 6 («)--_
86.0
10. Miscellaneous curative and healingprofessions (s)
26.8
11. Privately controlled
hospitals and
sanitariums 7 0)
402.9
12. Net payments to group hospitalization and health associations5 (»).._.
13. Student fees for medical care (s)
1.8
14. Accident and
health insurance—net
86.
payments 5 (s)
15. Mutual accident and sick 5benefit
20.0
associations—net payments (s)
323.2
16. Funeral and burial service (s)
17. Cemeteries and crematories (s)
161.7
18. Monuments and tombstones (c)
87.9
VII. Personal business
3,412.8
1. Miners' expenditures for explosives,
lamps, and smithing (c)
15.4
2. Theatrical employment agency fees (s)
10.8
3. Nontheatrical employment agency
14.1
fees (s)
5
37.5
4. Net payments to labor unions ( s ) . . .
5. Employees' dues and fees to professional associations (s)
6. Brokerage charges and interest, and
investment counseling (s)
1,440.9
7. Trust services of banks (s)
45.4
8. Bank service charges on deposit ac9.5
counts (s)
9. Bank check collection and foreign ex4.5
change charges (s)
23.8
10. Safety deposit box rental (s)
15.8
11. Money-order fees (s)
8
923.3
12. Expense of handling life insurance _.
876.3
a. Life insurance companies (s).. - ~
b. Fraternal and assessment associations (s)
47.0
402.4
13. Legal services (5)
398.0
14. Interest on personal debt (s)
15. Classified advertisements (s)
36.3
16. Net purchases from pawnbrokers and
16.8
miscellaneous secondhand stores (s).
17. Personal business services, n. e. c. («)_
14.0
VIII. Transportation
8,031.8
1. User-operated transportation
6,013.8
a. New cars 9 (c)
2, 562. 9
b. Net purchases of used cars ($)_
89.4
418.9
c. Tires and tubes (c)
422.9
d. Parts and accessories (c)
e. Automobile repair, greasing,
washing, parking, storage
571.9
and rental OX
1,813.5
f. G asoline and oil (c)
g. Bridee, tunnel, ferry, and road
40.3
tolls (s)
h. Automobile 5 insurance—net
94.0
payments (s)
1,190.0
2. Purchased local transportation
a. Streefand electric railway and j
819.7
local bus 0)
I
280.0
b. Taxicab—fares and tips (5)
{
c. Steam railways—commutation-1
76. 6
tion (*)____;
!
13.7
d. Ferries—foot passengers (s)
j
731.5
3. Purchased intercity transportation 0?)__
a. Steam railway (excluding
commutation) (s)
b. Sleeping and parlor car—fares
and tips (s)
56. 5
68.8
c. Intercity bus (s)
2.8!
d. Air linens)
1
e. Coastal and inland waterway
H
(s)
f. Baggage transfer, carriage, storage, and excess charges (s)
4. Luggage (c)
IX. Recreation
j
1. Admissions to specified spectator I
amusements
!
a. Motion picture theaters (s)
j
b. Legitimate theaters and opera j
(s)
|
c. Entertainments of non-profit j
organizations (except athletics) (s)
d. Professional baseball («)
e. Professional football (s)
i
f. Professional hockey («)
j
g. Horse and dog race tracks (s)._
h. College football (s)
i. Other amateur spectator sports |
(s)
!
j . Ticket brokers' markup on ad- j
missions («)
!
!
k. Purchase of programs (s)
See footnotes a t end of table.
4>
1931
3,413.3
551.5
3,033.5
495. 0
136.7
923.9
462.
37.7
45.6
18.9
104.2
121.9
818. 61
394.9
34.5
40.1
17.2
87.7
56.0
74.0
22.0
25.5
394.8
403.1
457.6
101.4
660.7
301.6
27.4
29.7
14.
67.3
41.0
16.1
385.6
1934
1935
1936
1937
1938
1939
1940
1941
1942
3,149. 5
541.1
3, 325. 3
577.6
3, 521. 6!
600.7
3,938.7;
696.0J
4, 407. 2
794.2
172.9
865.9
385.5
37.5
33.4
15.2
59.2
45.0
186. 1
912. 8
418. 8
40. 5
35. 1
16. 7
57. 9
48. 0
262.1
991.2
468.2
44.0
38.2
18.2
58.2
51.0
308.4
1, 094. 4
540.0
48.7
42,2
20.2
59.3
61.
0
20.8
2,382.5
415.4;
2,602.3
460.2
4602
2,755.4'
477.0
2, 989. 6
493.2
3,161. 7
520.3
97.2
617.1
276. 0
25.7
25.6
13.0
59.3
34.0
129.1
678.0
295. 7
28.1
26.4
13.0
62.8
39.0
132.5
731.4
301.6
29.8
28.2
13.5
64.3
40.0
141.8
820.4
331.2
33.0
31.8
15.1
68.2
160.7
854.3
349.6
35.9
33.4
15.3
66.9
154.91
S32. 8|
355.8!
40.2|
32.2
14.1
61.1
46.0
52.0
43.0
17.1
17.1
15.4
14.41
14.
15.1
362.7!
369.2
405. 8
1.9
1.8
1.8
1.
90. C
77.3
422.4
1.1
2.0
87.4
16.2
492.
452.9
3.0
2.1
465.4
6.1
2.3
99.1
.103. 8
18.7
271. 81
151.0
57.6
21.9
263.4!
146.91
49.1
10.0
2
17 5
19.1
530.1
1
564. 0!
628. 5
26.9i
29.7
2.3
125.7
140.5;
163.9
21.7
283.8
158.8
49.2
25.0!
316. 5!
158.0;
59.1
32.7
337.3
163.0
60.6
2,741.8!
2,952.7;
2,877.1
15. 71
2.5|
59.8
56.1
70.5
78.3
13.2
254.4
137.4
66.61
228.5
128.4
57.4
11.71
214. lj
119.8!
38. 6
12.1
225.0
128.1
48. 5
12.7
240.9
133.0
49.0
16.3
259.4
146.3
56.9
2, 685. 7
2, 289.0
1,963.4
2,029. 3
2,028. 5
2, 234.5
2,461.8
2,677.3
2,543.7;
13.4
9.4
10.3
8.9
7.2
7.9|
7.3
7 2
9.7
8.4
9.9
10.0
11.3
11.0
11.6
12.9
9.9!
12.21
10.3
12.4
11.7
12.0
14.51
12. 6j
17.7
13.4
11.
33.
6.5
26.4
2.9!
6.3
3.2
14.6
4.8
44.2
6.5
56.2
9.8!
58.7!
10.7|
111.0!
7.8
131.8
148.0
13.3!
168. 7 j
13.8
196.0
4.4!
6.5'
124.11
j
4.4|
351. 5
51.8
316. 8
57.7
220. 2
54.4!
201.6;
56. 0!
45.8
51.4
58.7
61.8
149.
79.
4.3
4.3
4.3
691.6
47.5
383.1
44.9
262. 7
39.2
388.1
36.5
258. 9 j
43.9
10.4
13.5
16.7
19.5
26.2
7.3
23.8
14. Si
954. 51
902. 3 (
6.4
23.8
14. 5 j
933.2
886.7
5.5
23.8
14.6
911.7
874. 9
5.6
23.7
15.91
914.3
868.8
4.7
23.5
17.6
950. 4
914.8
52.2
397.3
408. 6
31.4
46.5
410.3
351.3
27.9
36.8
347. 5 j
270. 5
23.1
45.5
333.7
217.5
20.4
35.6
358.8!
233.3!
21. 2
14.9
12.5
13.0
10.7
11.1
8.4i
9.2
8.3
8.9!
9.6!
6, 482. 4
4, 674. 5
1,618.7
48.5
325. 2
342.1
5, 235. 3
3, 743. 6
1,120.5
43.3
269.7
262. 2
466. 9
3*6.
1, 748. 71 1,540.5
4.4
4,110. 81 4,058.2
2,902.6
2,975.7,
612.1
753. 91
26.31
31.81
198.0
158.4!
169. 7
141. 2!
296.1!
1,475.7!
306. 2
1,466.5
i
271.
47.0
38.'
4.01
20.2
18.7
1,061.9
1,015.9
46.0
370.7
272.4
23.8
8.5
10.5
114. 7J
26. 0
272.11
151.5
47.7
2,593.3
I
4.1!
19.0
21. Oj
1,159. 21
1,115.0
4.1
18.7
21.4
1,160.5!
1,115.8
3.9!
17.9
21.11
1,143.7!
1,103.3!
39.4
383.2
358.7
27.2
44.2
401.6
443.0
29.5
40.4
392.1
424. 7
26.5
44.7
407.0
443.8
26.4
9.5
12.1
10.5
12.9
11.5
11.9
12.5
12.8
686. 8 i 5,416.1
537.8 4, 200.1
997. 3! 1,470.9
57.4
40. 71
183.7!
176.4
201.3!
256. 9
6, 302. 8
4,954.1
1,874.3
86.8]
169.31
306. 91
I
!
346. 11
354.3!
403.6
1,639.8! 1,743.0! 1,945.5,
457. 4
2, 093. 9
124.0!
886.7!
141.7
926.4
154.8:
955. 4,
172.7:
1,032.4;
136.4
1,361.9
684.0
195.0;
713.9
195.0
759. 6
225. 0
972.6
331.0
50.6
7.7
793. 5
136.7
920.9:
772.2:
265.0'
704.9!
193.0;
624.5
139.0
578.4!
122. 0,
604.9
141.0!
625. 6
151.0
674.0!
161.0:
659. 9i
180.0;
!
I
44.9!
9.0
351. 9'
j
683.7;
185.0!
9.6
412. 2
41.6
10.6
444.8
5.8'
424.0;
250.3'
273. 7!
32.2:
93.9
7 . (J<
35.3!
101.7,
7.6;
32.2:
llO.o:
8.41
23.4!
42.5;
44. 4 !
I
40. 5
6.0
451.7
41.3
6.5
538.6
289.5
33.5;
121. 21
11.4;
250. 6(
i
31.5!
127.3!
17.4,
34.0!
103.8
23.0,
45.4
255. 3
19. 2
22.0;
20.5!
23.2
24.1
4.4!
51.9!
4.4!
54.0;
68.3
9.9
89.3
3, 229. 4
3,433.9,
3, 735. 6
4,264.3
4, 639. 9
815. S
663.1,
821. 5'
659.4
870. 6
709.2
929.1
755. 7
1,038.1
' 875. 0
21.4
26. 7
31.9
28.8
31.2
33.0
30.3
18.6
2.2
3.0
9.0
33.0,
29.21
19. 7!
2.3i
3.1!
11.6
36.8
30.0;
21. 5
2.7!
3.2!
11.4
37.1;
32.2:
19.6;
2.9:
3.4
12. 3
37.0!
35.0
20.9
3.3
4.0
12.9
38.7
38.4
17.6
2.0
4.3
11.5
31.3
21. 3 :
19.2
20.3!
!
1.7;
2.3!
20.9!
23.1
20.8
1.9!
2.4|
1.9
2.4
2.1
2.1
03. 8
10.6;
463.3i
8.1
342.4
46. 5'
8. 2i
298.7!
451.9;
333.4j
220.3
191.0;
49.5;
70. 0;
38.0
65.2
2.3;
25. 6
63.2!
2.7!
22.5!
60.3
26.4
58. 4
4.5
27. 7,
81.9;
5.9i
16. 9i
25 6
se: i
5.0
40.9!
4.1;
28.7!
4.3
28. 3!
4.3;
33.6!
4.8!
47.5!
2I.5!
I
5.0!
56.1!
4.4!
54.2!
2, 253. 0 \ 2, 4S0. 7!
2, 667. 6!
3,088.4[
3, 396.4;
624.0
518.5
672.2!
556.1;
758.9
626.1
819.2
676. 5,
18.3
19.4!
20.6
24.4;
14.7
1.5
I
3, 318. 8| 2, 484. 7!
853. 2!
719.4 j
632. 5j
527.4!
47.3!
32.6!
573.9:
482.5!
18./
29.6
14.2;
.8;
2.7!
1.5
19.6
23.2!
12.4!
1.01
2.3!
l.l1
17. 8;
20.9!
10.8
l.ll
2.0!
2.0:
20. 5|
15. 4 !
12. 41
i
1.2
1.5,
1.3,
45. 4
8.5
320.9;
12.7
1.2
2.3
5.6
24.6!
5! 1'
27.1;
27.4
17.7:
2.0:
2.9;
8.4|
31.1|
!
15.5
16.5
19.11
l.o!
1.3!
1.0:
1.6,
1.1
1- 7:
1.6
2.0.
j
40.8
6.6
446. 9
10.11
608. 0:
890.1
732.4|
j
60.6;
!
!
31.8|
17.0|
.7!
2.8!
1.7
21.5!
|
17.9.
|
2.0,
1. 7i
i
13.5
13.8
576.6'
2.684.3!
124.0
889.0;
|
50.0
435.3
530.9
31.0
488.8;
2,251.2;
98. 7
830.5
3,995.1!
3.1
29.1
30.6
1,285.0
1,235.0
462.0!
2,181.4;
86. 4'
799.8
I
913. 5j
720.1
3. li
20.4!
25.8
1,244.3
1,195.1
48.7}
49.2
422. 61
449. 8!
542.4
668. 6j
29.3;
401.5
2,145.4
75.6i
755.11
275. 41
3.4
18.81
22.6
1,205.4
1,156.7
421.4
2,142.6
81.8!
824.9J
i
57.5;
115.9
56.8
6, 687. 4
5, 265. 6
1,937.3
109.0
172.2
302.4
75. 9
972.3
9.8!
79.9
6.0
136. 51
15.5
14.5|
20.2
16. 31
5, 772.1 6, 522. 7 7, 207. 21 8,481.7| 5, 576.3
407. 2, 5,097. 51 5, 746.1 6,842.4! 3,331.6
143.3
183.8: 1,626. 31 2,126. 3 2, 527.0 i
101. Gj
126.4
74.8
142.3
84.6
232.7
211.5
246. 2
22.8
190.3
305.6
335.
9
437.3
362.1
236. 3
45.2
24.4|
161. 3'
57.11
73.11
6.0
18.9
19.9
1,082.01
1,042. 6J
81.4
1,120.0
2. 41
4.4J
4.4
43.0;
40.9
!
j
32. 7i
17.0!
.7]
2.8
2.0!
22.51
j
18.3:
j
4. l!
1.9i
1933
1.8
11.7
96.5|
91.4
1932
1930
j
2.3,
11
SURVEY OF CURRENT BUSINESS
June 1944
Table 2.—Consumption Expenditures *, by Type of Product, 1929-1942—Continued
Group
£929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1941
1940
1942
I X . Recreation (continued)
2. Pari-mutuel net receipt (s)
3. Nonyending coin machines—receipts
minus payoff (s)
4. Specified commercial participant
amusements
a. Billiard parlors and bowling
alleys (s)
b. Dancing, riding, shooting,
skating, and swimming
places (<<?)
c. Amusement devices and parks
(?)
()
d. Daily fee golf courses—greens
fees (s)
e. Golf instruction, club rental,
and caddy fees (s)__
f. Sightseeing buses and guides (s).
g. Private flying operations (s)
5. Informal recreation
a. Books and maps (c)
b. Magazines, newspapers, and
sheet music (c)
c. Book rental and repair (s)
d. Nondurable toys and sports
supplies (c)
e. Wheelgoods, durable toys, and
sports equipment (c)
f. Boats (c)
g. Boat and bicycle rental storage
and repair (s)
h. Radios, phonographs, parts,
and records (c)
i. Radio repair (s)
j . Pianos and other musical instruments (c)
k. Photo developing and printing
(s)
6.
7.
8.
9.
1. Photographic studios («)
m. Collectors' net acquisitions of
stamps and coins (s)
n. Hunting dog purchase and
training, and sports guide
service (c)
o. Veterinary service and purchase of pets (s)
Flowers, seeds, and potted plants (c).
Camp fees (s)
Clubs
a. Athletic and social—dues and
fees (.<?)
b. School fraternities—dues and
fees (s)
c. Fraternal, patriotic and women's organizations, (except
school and insurance)—net
payments s (s)
d. Luncheon clubs (,?)_-*
Commercial amusements, n. e. c. (_?).
X. Private education and research.
1. Higher education 7 (,s)
2. Elementary and secondary schools ? (s)
3.-Commercial, business and trade
schools—fees (_•)
4. Correspondence schools—fees 5. Other instruction (except athletics)—
fees (s)
6. Foundation expenditures or education and research 7 (_?)
.
1. Religious bodies 7 (,$)___
2. Social welfare and foreign relief agencies 7 (s)
3. Museums and libraries 7 (#)
4. Foundation expenditures (except education and research) " ( s )
5. Political organizations 7 (_•)
XII.-Foreign travel and remittances
1. Payments to United States vessels (s)
2. Other foreign travel expenditures (s)_
3. Personal remittances to foreign countries (s)
Total consumption expenditures
Total commodities
.
Total services
1
7.1
6.1
4.4
5.6
18.7
26.1
28.9
37.9
43.5
41.1
55.0
65.0
7.6
6.0
5.6
5.8
9.0
14.0
21.6
33.5
52.1
54.7
57.7
68.6
82.5
204.1
200.9
173.0
131.5
119.9
132.3
137.3
161.3
190.2
159.9
179.2
192.1
57.6
56.9
47.5]
35.1
34.5
41.1
43.5
56.6
72.8
56.6
69.5
74.8
87.3
29.8
29.5
24.5
18.1
17.1
20.6
21.3
25.9
31.2
22.9
26.8
29.3
34.9
35.3
16.1
15.9
13.3
9.8
9.1
11.2
11.6
14.2
17.4
12.9
15.2
16.7
19.9
20.9
12.9
12.7
12.2
12.0
11.9
12.8
13.6|
14.3
14.
15.7
17.0
18.0
19.1
16.9
75.9
78.2
.8
.8
9.2
8.7 2, 287.1
2,499. 2
267.0
308.4
495.2
511.4
2.5
2.7
317.4
287.0
67.5
.8
7.2
1,766.9
258.1
474.0
2.8
51.4
.7
4.4
1,301.0
160.3
430.8
3.0
262.0
198.0
193.2
214.4
140.0
10.9
101.8
4.
81.6
3.5
103.1
5.5
5.7
6.6
7.5
8.5
236.2
17.2
250. 4
20.8
343.2
21.4
381.0
22.9
41.0
40.6
41.0
1.2
.6
.8
5.1
4.5
5.2 1,393.9
,169.0| 1, 298. 7
184.3
164.9
156.0
418.4
443.4
442.1
32
3.3
3.5
177.8
22.3
141.8
14.5
8.6
7.6
907.5
25.6
860.9
26.8
437.9
24.1
266.7
19.2
207.7
13.7
107.5
82. 7
62.2
38.0
24.7
12.8
60.2
11.3
53.4
46.7
8.2
38.9
6.6
31.1
2.3
1.6
1.5
1.1
7.8
8.0
7.6
7.0
26.6
220.6
30.7
301.5
25.6
190.3
30.5
294.1
21.6
134.4
27.7
277.6
17.5
88.8
23.9
241.
148.0
143.4
126.7
93.9
.
72.0
90.0
44.9
45.0
45.8
1.7
.6
1.6
5.8
5.9
5.0
2, 037. 3 2, 410. 2 2,619.4
260.3
229.9
292.4
476.1
3.6
503.8
3.6
492.5
3.7
531.8
3.8
571.1
3.9
636.5
3.9
697.2
4.0
237. 5
272.1
270.7
263.7
273.6
290.0
345.3
386.5
107.9
7.8|
138.4
11.3
167.1
14.0
172.1
11.7
178.8
16.2
186.2
17.6
223.8
24.3
226.5
12.4
8.0
8.5
319.9
25.4
402.9
28.4
483.9
32.3
609.6
36.3
643.5
56.9
42.7
56.4
61.5
59.5
63.4
76.6
99.91
93.0
9.9
46.9
12.7
55.4
15.4
61.9
16.9
61.7
18.3
60.6
21.2
69.9
26.0|
85.9
33.7
111.3
1.5
4.5
7.3
12.2
9.3
9.0
7.3
8.4
9.2
9.2
10.2
11.0
11. i
11.7
18.3
115.71
25.5
198.
21.
128.2
25.9
197.3
24.3
157.0
27.9
197.3
25.8
183.5
30.3
203. 3
25.2
173.9
25.4
200.9
25.3
187.8
26.9
199.5
26.5
205.4
27.9
203.9
29.2
240.8
30.4
203.4
32.4
287.2
30.4
207.7
70.8
70.7
73.5
79.3
75.1
73.9
76.3
73.5
71.0
13.6
14.5
15.5
16.3
17.2
18.1
18.9
19.0
17.8
105.9
6.2
65.1
101.8
6.5
75.1
100.8
6.9
86.6
101.2
7.4
60.9
99.2
8.3
68.3
99.8
8.9
74.8
101.7
9.2
89.2
109.5
13.5
13.8
14.2
133.7
6.3
90.0
130.3
6.6
89.0
130.3
6.4
74.3
127.8
6.2
54.9
116.
6.1
53.9
108.4
6.1
62.9
651.8
670.9
656.5
562.2
474.3
476.8
500.1
540.1
592.2
614.5
625.8
643.7
703.3
800.6
218.7
161. 9
242.3
169.7
251.4
185.4
226.7
158.1
205.3
121.4
212.7
120.7
228.
122.3
242.2
139.9
249.2
173.6
256.0
193.3
267.1
199.1
274.1
211.5
282.0
225.5
27.4
32.0
27.1
24.0
24.7
20.0
18.8
18.0
16.0
15.
18.2
17.0
21.6
17.5
25.2
18.0
27.7
20.0
27.7
20.5
25.6
20.0
23.5
21.3
281.7
222.5
55.2
22.0
133.0
129.0
114.8
87.5
69.7
69.0
69.7
72.5
77.9
75.0
73.9
75.0
83.6
53.1
46. 1
39.2
40.7
42.3
43.8
42.0
40.1
38.3
866.8
865.6
855.1
892.8
890.3
911.9
78.8
78.8
60.2
13.4
912.2
893.0
837. 0
743.2
664. 9
641. 3
627.0
621.4
638.2
227.4
14.9
250. 6
14.8
253. 9
14.6'
165. 3
12.
179. 5
13.2
190.9
13.5
199. 4
14.1
211.7
15.2
26.2
92
26.2
17.6
163. 5
13.8
17.7
30.4
15.4
8.4
13.0
18.6
13. 6
10.1
14.6
10.6
211.2
15.5
14.0
20.6
9S4. 7
933.2
605. 6
38.7
617.0
36. 9
596.3
300.0
27.9,
315. 7
i8.6
326. 6
262. 0!
199. 0
33S.0
38.3
1,010.1
9.4
89.2
146.0
22.0
38.3
1, 093. 5 1, 232.8
672.4
712.1
758.7
804.1
227.0
15.5
260.8
15.9
295.9
16.6
379.2
17.5
13.4
10.0
12.7
9.6
440.0
467.3
14.1
43.8
548.4
613. 0
532.1
300.1
276.9
19.3
190.0
17.9
244.1
178.0.
21.6
290.7
27.3
351.1
26.8
416.2
25.7
354.4
318.6
23.5
163.1
20.7
167.4
11.5
115.5
155.0
170.0
170.0
152.0
144.0
119.5
88.8
63.0
20.2
266.0
151.0!
12.7
78,425.7!! 71,081. li 61,418. 0 49,672.4 46,552.4' 51,988.3! 56,448.9' 62, 272. l| 66,219.3! 63.302.81 66,466.1 70,806.2; 80, 605. 8| 88,681.1
48, 132. 2 42,724.1'1 35, 998. 6 27,937.2 26.891.0 32,005.4! 35, 602. O! 39,865.3'! 42,183. 3| 39,388.2! 41,775.3! 44, 931. 2 52,821.5! 58,753.4
30,293.5 28, 357. 0 25,419.4 21,735.2 19.601.4' 19, 982 9 20,b46.9i 22, 406.8j 24,036.0' 23,914.6 24,690.8: 25, 875.0! 27, 784. 3i 29,927.7
It should be stressed that all commodities and services that are used both by business
and consumers have been consumer allocated. For example the value of new cars refers
solely to cars destined for nonbusiness use; the value destined for business use is not
included. Thus many of the series in the table cannot be employed as measures of the
total value of a given commodity or service.
To meet the needs of those whose chief interest is a commodity-service break-down each
of 2the detailed series is labelled a commodity (c) or a service (s).
Includes alcoholic beverages; separate data are as follows (millions of dollars): Food,
excluding alcoholic beverages—1933, 11,367.1; 1934, 12,556.0; 1935, 13,896.8; 1936, 15,184.3;
1937,16,234.6; 1938, 15,126.1; 1939, 15,360.3; 1940, 16,357.7; 1941, 18,975.3; 1942, 23,852.2; alcoholic beverages—1933, 626.0; 1934, 2,003.0; 1935, 2,553.0; 1936, 3,164.0; 1937, 3,442.0; 1938,
3,237.0;
1939, 3,425.0; 1940, 3,595.0; 1941, 4,192.0; 1942, 5,187.0.
3
Includes government relief food and food sold by post exchanges in the United States,
ship
stores,
etc.
4
rent is rent for dwelling units excluding all facilities, furnishings, and equipDigitized forSpace
FRASER
208.3
85.0
213.6
8.3
39.0
7.1
16.9
89.6!
23.8
44.1
43.4
42.7
45.8
1.5
1.5
1.5
1.6
6.2
5.8
6.5
6.1
1,648. 5 1, 793. 3i 1, 694. 4 1,851.9
215.4
222.1
210.4
235.7
213.
14.0
1,189. 9 1, 202. 2 1,131.2
X I . Religious and welfare activities.
69.3
8.2
i
ment, and services attendant to the provision of facilities, furnishings, and equipment,
but including plumbing and heating facilities and lighting fixtures. The values for the
various kinds of facilities, furnishings and equipment and services attendant thereto—
electricity, furniture, cooking equipment, refrigerators, repair work, etc.—purchased for
use in dwelling units are included in the appropriate commodity or service series.
s Net payments are premiums minus claims paid or in the case of payments to labor
unions and fraternal, patriotic and women's organizations are gross payments minus
cash benefits. See table 3 for the gross series as well as the figures for claims or benefits
paid.
6
Include value of nurses' meals furnished.
7
These series are defined as the current expenditures for services to individuals, including8 depreciation but excluding relief payments within the United States.
Total operating expenses of life insurance companies excluding payments to policyholders
and expenses allocated to accident and health insurance.
9
New cars are valued at the full retail price before trade-in allowances.
12
SURVEY OF CURRENT BUSINESS
June 1944
Table 3.—Consumer Outlay, 1929-1942
[Millions of dollars]
1929
Group
I. Food and tobacco
(Subgroups same as in table 2)
II. Clothing, accessories and jewelry . _ .
(Subgroups same as in table 2)
III. Personal care
(Subgroups same as in table 2)
IV. Housing
(Subgroups same as in table 2)
V. Household operation
(Sub-groups 1-26 and 28 same as in table
2)
27. Fire and theft insurance on personal
property—premiums
1930
1931
1932
1933
1934
1935
11,138. 5 9, 749. 4 8, 320.6
1,112. 3
975 3
6, 225.6
5, 637. 4 6, 616. 4 7, 225. 8 7, 754.1
847.6
841.3
704.8
784.0
11,273.3 10, 851. 8 10,102. 7 8,844.0
7, 732.0
7,437. 7
11,082. 8
6, 709. 7 7, 568. 9 8,026. 7 9, 062.1
43.1
1, 070. 4
9, 944. 9 8, 748. 9 7, 010.4
40.2
34.9
29.8
27.5
30.1
31.4
VII. Personal business
(Sub-groups 1-3, and 5-17 same as in
table 2)
4. Labor union dues and fees
18. Marriage licenses
19. Miscellaneous fees to government
20. Fines and forfeits
___
3, 503.0
VIII. Transportation
(Subgroups 2-4 same as in table 2)
8, 283.8
IX Recreation
(Subgroups 1-3,6,7 and 9 same as in table
2).
4. Specified commercial participant
amusements
(Subgroups a-g same as in table 2).
h. Government recreation spots (except golf)
5. Informal recreation. _._ _
(Subgroups a-o same as in table 2).
p. Hunting and fishing licenses .
q. Pet licenses
8. Club dues and fees(Subgroups a, b, and d same as in
table 2).
c. Fraternal, patriotic and women's
organizations (except school and
insurance)
___ ._ _
e. Youth organizations
X Educational fees
1. Higher education—publicly controlled _
2. Higher education—privately controlled
3. Private elementary and secondary
schools
4. Private commercial, business and
trade schools
5 Correspondence schools
6. Private resident schools for exceptional
children
7. Other instruction (except athletics)___
XI. Gifts and bequests
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12
13.
14.
Religion
Higher education—publicly controlled
Highei education—privately controlled.
Private elementary and secondary
schools
_ _
... _
Private resident schools for exceptional
children.
Local social welfare agencies—current
account
National social welfare agencies
Hospitals and sanitariums—current
account
Hospitals and social welfare agenciescapital account and endowment
Museums and libraries
Foundations
.
- _ __ _ _ . . _
Foreign relief agen ies
Political organizations Government units
XII. Foreign travel and remittances
(Subgroups same as in table 2).
Total consumer outlav_-
887.9
7,498. 5 7, 779.1
3, 575. 4 3, 439. 2 3, 068. 7 2, 616. 0 2, 396. 7 2, 611. 7 2. 759.8
1. User-operated transportation
(Subgroups a-g same as in table 2)
h. Automobile insurance premiums...
i Parking meters
j . Auto registration fees
k. Operators' permits and other state
automotive charges
__
1. Federal use tax on motor vehicles.
1937
1938
1939
1940
1941
1942
21, 722.6 20,102. 3 17, 019. 2 13, 545. 3 13, 276. 6 16, 005. 8 17, 965. 4 19, 978. 9 21,419.7 20,109. 7 20, 606. 7 21,876.1 25, 295.6 31, 459.2
VI. Medical care and death expenses
(Sub-groups 1-10, 12, 13, and 16-17 same
as in table 2)
11. Hospitals and sanitariums—payments by patients .
a. Nongovernment controlled
b. Government controlled
14. Accident and health insurance premiums
15. Mutual accident' and sick benefit
association premiums
.
1936
7, 878. 9 7, 834. 6 8, 311. 4 8, 800. 7 10,341.2 12, 547. 2
949.2
1,107. 3
1, 274. 4 1, 529. 3
8, 279. 8 8, 628. 3 8, 832. 6 9,136. 3
9, 664. 4 10,127. 2
967. 3
9, 669. 2 9, 042. 5 9, 808.1 10, 705. 6 12, 335. 6 13,311.3
36.4
34.5
2, 999. 0 3,179.8
3,175.4
33.3
994.0
35.9
36.0
36.5
37.2
3, 365. 2 3, 567. 3 4, 007. 5 4, 483. 4
296.7
271.5
25.2
304.0
277.0
27.0
298.3
270.4
27.9
294.6
264.6
30.0
275.7
245.1
30.6
279.3
247.8
31.5
304.7
271.4
33.3
322.8
287. 5
35.3
352.1
314.4
37.7
364.6
325.7
38.9
391.2
350.5
40.7
426.6
384.3
42.3
457.2
413. 2
44.0
513.1
465.8
47.3
177.9
185.8
179.9
153.0
137.9
150.6
163.8
175.6
193.7
202.9
222.6
251.3
289.1
328.4
51.0
47.0
42.3
35.2
31.1
31.3
32.7
37.1
43.0
49.5
59.3
45.3
52.0
59.8
2, 779. 8 2, 376.0
2,061. 4
2,104. 2
2, 544. 7 2, 758. 3 2, 623. 2 2, 676. 9 2, 823. 7 3, 041. 3
2, 959. 7
64.1
60.8
207.9
230.0
72.1
2.3
71.9
2.1
2, 094. 7 2,301.0
3.2
6.5
37.1
6.4
38.9
3.6
6.8
36.0
6.8
39.4
6.0
39.0
7,005.8
6,080.8
6,843.9
7,561.4
8,901.2
6,050.3
5, 229. 7 5, 584.0
4,715.9
5,418.7
6,100. 3
7, 261.9
3,805.6
211.1
.6
156.0
241.8
1.5
169.3
228.4
2.4
171.2
241.7
3.5
178.4
269.8
5.7
190.9
315.8
11.1
212.0
265.6
13.7
184.6
28.5
31.9
42.5
30.7
39.3
42.6
48.1
5.2
34.4
112.1
3 376 6 2 537 1 2 300 5 2 537 0 2 715.9
3,139.6
3,451.4
3, 284.3
3,492.0
3, 795.0
4, 326.1
4, 703.1
2.6
6.1
25.6
6.7
31.0
6, 749. 7 5,494.9
4, 347. 6 4, 278.1
4, 913.1
5,661.8
6, 578.4
6, 265.8
4, 941.8
4,003. 2
3,139.4
3,195. 6
3,764.1
4, 445.8
179.5
175.8
166. 2
159.5
145.1
157.7
147.0
151.2
146.2
137.9
128.4
129.2
174.6
.1
141.2
19.5
21.7
23.1
21.2
22.0
25.8
204.5
3.5
3.6
2, 514. 5 2, 303. 5
3.0
2.6
7.0
36.6
88.4
2.5
207.6
181.6
2.7
2.8
78.2
5.9
23.8
4 333 2 4 053 8
169.1
145.6
2.6
1.9
2.1
9.2
43.9
158.2
101.3
69.7
6.8
19.8
9.9
43.4
2.0
8.4
33.3
8.4
29.9
«
134.9
123.3
135.8
140.9
165.2
194.2
164.0
183.6
196.7
218.3
217.7
3.4
3.5
1, 783. 2 1,315.8
3.4
1,183.1
3.5
1,314.8
3.6
1,410.2
3.9
1,667.3
4.0
1,813.9
4.1
1,715.4
4.4
1,874.5
4.6
2,061.1
4.6
2,435. 3
2,644.8
176.5
4.1
13.6
1.7
340.5
14.5
1.9
332.8
14.4
1.9
315.6
13.2
1.6
276.1
12.7
1.4
238.3
14.6
1.5
225 6
14.7
1.6
225.7
16.8
2.0
225.8
18.4
2.2
233.7
18.7
2.3
230.7
20.4
2.2
230.6
21.6
2.2
234.9
22.8
2.3
235.5
23.0
2.4
241.4
154.3
18.4
150.1
18.9
149.2
19.1
145.9
16.1
133.2
13.6
123.8
11.3
120.4
13.9
115.5
14.8
114.2
17.0
114.6
16.4
112.1
18.2
112.7
18.1
114.8
19.0
471 2
463.8
445.3
378.1
322.2
334. 3
357. 7
386.0
420.4
438.8
449.4
460. 3
508.5
• 123.6
19.6
578.3
32.2
33.6
34.2
33.6
32.8
35.0
39.3
42.8
45.6
49.4
53.4
56.5
58.0
47.0
108.1
112.2
114.8
110.8
105.5
108.3
113.9
120.5
128.2
136.6
137.3
136.2
108.8
81.9
86.3
95.2
106.6
120.6
129.2
146.6
137.0
136.0
137.9
143.6
132.5
147.2
142.0
140.0
27.4
32.0
27.1
24.0
24.7
20.0
18.8
18.0
16.0
15.8
18.2
17.0
21.6
17.5
25.2
18.0
27.7
20.0
27.7
20.5
25.6
20.0
23.5
21.3
55.2
22.0
146.0
22.0
.6
133.0
.6
129.0
.6
114.8
.6
87.5
.5
69.7
.5
69.0
.5
69.7
.4
72.5
.4
77.9
.4
75.0
.4
73.9
.4
75.0
.5
83.6
86.8
1, 468. 5 1, 395. 6 1, 269. \i 1, 020. 2
S14.3
850.3
912.5
995.6
1,110.0
1.011.0
979.6
1, 091.9
542. 4
6.6
553.1
7 G
54.1
574.0
12.2
62.4
602.2
14.8
73.0
625. 3
13.6
80.5
646.3
12.2
80.3
5S3.2
13.0
79.0
626.7
13.8
75.4
674.1
15.6
69.0
720.8
17.0
63.0
15. 5
.5
1, 069. 6 1, 278. 5
762.6
8.7
116.4
634.1
6.4
76.1
16.1
874.9
9.4
133.8
16.0
16.9
14.3
10.1
11.1
12.4
14.1
15.1
15.5
15.5
lo. 5
3.2
3.4
3.0
2.0
1.4
1.6
1.7
2.1
2.6
2.6
2.6
2.6
2.6
2.7
129.3
10.3
157.0
16.1
197.6
10.1
143.1
8.2
113.6
8.1
107.2
9.0
111.3
14.4
112.8
30.0
112.2
16.3
106.9
11.4
110.6
11.1
114.9
31.7
121. 5
31.2
163.9
114.0
26.0
20.2
17.7
14.6
12.4
12.8
20.3
18.5
18.3
17. 5
17.8
18.3
19.6
24.4
98.0
40.0
27.3
12.3
71.0
31.0
19.3
43.1
29.1
33.2
23 9
9.1
32.1
16.4
7.8
17.6
13.3
6.4
31.9
15.8
37.5
18.9
23.6
9.8
26.3
9.6
8.6
5.7
5.6
5.4
8.4
31.7
7.7
24.9
16.6
20.6
17.2
31.6
36.9
16.2
25.1
10.0
17.0
38.1
8.0
48.7
43.1
38.6
13.5
30.6 1
5.7
20.6
43.2
9.6 1
10.8
30.6
21.3
25.0
48.8
19.3
12.2
532.1
488.4
306.1
934.7
9.0
126.2
16.9
17.6
16.3
994.7
933. 2
9.2
5a 4
11.1
7.9
6.1
7.3
18.2
30.4
21.3
14.8
18.6
16.4
10.1
16.7
43 8
19.0
30.4
61.4
91.6
13.9
10 6
19.2
605.6
644.2
440.0
437.2
467.3
548.4
613.0
276.9
190.0
78,949. 3 71, 533.9 61,803. 7 49,971.2 46, 716. 6 52,191.1 66,740.0 62, 653.8 66, 753. 6 63, 709. 9 66, 848. 2 71, 231. 7 81, 042. 3• 89,217.5
13
SURVEY OF CURRENT BUSINESS
June 1944
Table 3.—Consumer Outlay, 1929-1942—Continued
Group
29
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
RECONCILIATION WITH TABLE 2
Add: Adjustment for nonprofit organizations !
Subtract:
Payments to government2
Insurance claims paid (excluding life
insurance)
a. Fire and theft insurance on
personal property
b. Accident and health insurance
c. Mutual accident and sick benefit
associations
d. Automobile insurance
Other transfer payments
a. Cash benefits paid by labor
unions
b. Fraternal, patriotic and women's
organizations cash benefits paid,
except funeral expenses
Total consumption expenditures
83.1
180.2
238.9
298.7
3G1.7
327.2
273.7
248.0
152.0
278.7
342.3
343.1
434.9
324.2
334.4
321.8
308.8
280.3
297.6
325.5
363. 4
4uO. 4
392.5
418.6
442.0
483.0
395.9
546.4
227.3
239. 9
240.6
212.8
182.9
183. 0
192.8
210.0
237.6
245.8
255.6
280.1
335. 2
337.8
19.1
91.7
20.5
95.8
18.6
102.6
16.6
93.2
12.4
80.1
14.4
107.9
15.9
126. 6
16.5
148.6
17.0
164.5
29.1
90.3
62.2
25.3
77.7
75.9
19.2
71.3
49.4
13.9
88.2
20.8
87.1
56.3
14.7
99.1
29.2
94.4
58.7
11.2
85. 5
20.0
75.9
46.7
13.9
94.6
31.0
86.5
5b. 2
12.2
81.8
19.4
69.5
62.6
24.3
105.1
48.0
27.6
104.4
47.5
33.3
100.0
50.2
23.6
115.0
46.5
27.0
143.1
52.3
27.1
129.2
48.1
34.6
38.9
43.3
57.8
46.2
34.0
32.2
42.6
34.6
34.1
37.3
33.6
39.2
34.0
20.6
19.8
18.9
18.1
16.4
15.4
14.5
13.7
13.4
13.4
12.9
12.9
13.1
14.1
425. 7 71,
71, 081,1 61, 418. 0 49, 672.4 46, 552.4 51, 988. 3 56, 448.9 62, 272.1 66, 219. 3 63, 302.8 66, 466.1 70, 806. 2 80, 605.8 b8, 681.1
78,425.7
1 The amount by which current expenditures of nonprofit organizations for services to individuals, excluding relief payments within the United States, but including depreciation
exceeds
their leoeipts from individuals.
2
Sum of series VI (lib), VII (18-20), VIII (li-1), IX (4h), 5p, q), X (1), XI (2, 14).
(2) Intergroup shifts in classification affect
the comparability of many of the minor commodity groups and one of the service groups.
The more important shifts are shown in
Exhibit I.
III. Improvements in Estimating Procedure.
Improvements that affect the comparability of the two sets of estimates for all
years stemmed from (1) the availability of
additional basic data, (2) a more rigid exclusion of government and institutional purchases of consumption com'modities, and (3)
the development of better estimating techniques. The present estimates for the years
after 1939 also reflect the use of more accurate extrapolating indexes: in particular the
revised Department of Commerce series on
retail sales which were used in combination
with department store sales by departments
to extrapolate most of the commodity groups.
Only those groups in which improvements
in estimating procedure made for rather
large statistical changes are listed:
(1) Food: The total food estimate in the
April 1942 article was about one billion higher
in 1939. The reduction was due chiefly to the
exclusion of ice (mentioned above), a revision
in alcoholic beverages, a slightly lower consumer allocation of farm products, and a revision in the adjustment for changes in
inventories.
(2) Gasoline and oil: The original estimate
was much too low because of the inadvertent
omission of most gasoline taxes.
(3) Housefurnishings and equipment n. e.
a; china, glassware and household utensils;
stationery and writing supplies; miscellane-
BUY BONDS
and
KEEP'EM FIRING
on Land
on Sea
\ and
in the Air
DEPnRTmEnT OF "COMMERCE
ous household paper products; drug preparations and sundries; physicians; auto parts
and accessories; books and maps; and magazines, newspapers and other printed matter:
The totals for these groups differ rather appreciably from those for the corresponding
groups in the earlier articles partly because of
classification shifts mentioned above, but
Exhibit I
Comparison with earlier group]
Present group
Food purchased for off- A combination of the former
premise consumption. manufactured and nonmanufactured food groups minus
meals and beverages and
other food items shown separately. Also excludes ice.
Clothing and accessor- Includes parts of the old peries except footwear.
sonal furnishings and dry
goods and notions groups.
Jewelry and watches. A combination of the old clocks
and watches and jewelry and
sterling silverware groups but
excludes clocks and sterling
silverware.
Toilet articles and prep- Includes part of the old perarations.
sonal furnishings group.
Furniture.
Includes mattresses and bedsprings.
Cooking and portable Excludes all heating equipment
heating equipment.
except portable.
China, glassware, table- Includes sterling silverware.
and utensils.
Housefurnishings and A combination of the old semiequipment, n. e. c.
durable and durable housefurnishings groups, other
household appliances, and
part of dry goods and notions.
Also includes clocks, but excludes mattresses ana bedsprings.
Cleaning and polishing Includes household insectipreparations.
cides.
Fuel (except gas) and A combination of the old manice.
ufactured household illuminating and heating products
and nonmanufactured household fuels groups. But excludes lighting s u p p l i e s ,
which are shown separately,
and includes ice.
Different consumer allocation
Household utilities.
reflecting a decision to cover
space rent only in the housing estimates.
Drug preparations and Excludes household insectisundries.
cides.
New cars; tires and Consumer allocation of passentubes; parts and accesger cars was set at 70 instead
sories; gasoline and
of 75 percent through 1941
oil.
and 50 percent in 1942. Corresponding adjustments were
made to the other automotive product groups.
Nondurable toys and The assignment of commodisports supplies; wheel ties to these groups reflects a
goods, durable toys
more rigorous application of
and sport equipment. the concept of durability, resulting in a considerably
larger nondurable and smaller durable group. Also
wheel goods, durable toys
and sport equipment includes part of the old personal furnishings group.
also because of improvements in estimating
procedure. For the commodity groups, the
revision was due to the availability of additional basic data resulting in the development of more accurate consumer allocation
and of more adequate adjustments for distributive mark-ups and inventory changes;
for the one service group included in t h e list,
the revision was due mainly to the use of
improved basic data on the number of
physicians.
Business Situation
(Continued from p. 5)
quarter of 1942, when the general merchandise chain stores accounted for 44
percent of total sales of these types of
retail outlets.
The chain apparel stores also showed
an increase in their relative proportion of
total apparel store sales in the first
quarter of this year, although it may be
noted that the improvement occurred
primarily in the chain women's wear
stores whose relative position was restored to the level that prevailed in the
early part of 1942. Other types of chain
apparel stores recorded either no improvement or only a slight rise in the
proportion of the business of their respective trades.
Prom the first quarter of 1942, the
chain store proportion of total food store
sales declined steadily until the third
quarter of 1943 when there was a slight
rise. This was followed by a decline in
the fourth quarter of last year and
another slight rise during the first
quarter of 1944. The evidence of an upturn in the chain store proportion is less
conclusive in the case of food stores than
for other types of retail outlets, since
there has been a month-to-month decline in the chain store proportion of
food store sales in each of the first 3
months of this year.
Invest id:
>REE
Buy War Boiids ^
14
SURVEY OF CURRENT BUSINESS
June 1944
Individuals' Demand Deposits, June 1942-43
By Irwin Friend, Securities and Exchange Commission
AMPLE DATA collected by the Securities and Exchange Commission give,
S
for the first time, some indication of the
distribution of individuals' demand deposits among different types of persons,
and the composition of the unprecedented
rise in such deposits during the year ending June 30, 1943.
On the basis of these data, as shown
in chart 1, it appears that owners of unincorporated businesses, though comparatively small in number, accounted for a
larger proportion of the increase in individuals' demand deposits during the year
ending June 30, 1943 than the great mass
of other individuals.
Of an 8.0 billion dollar increase in total
individuals' demand deposits for the
country as a whole, it is estimated that
entrepreneurs accounted for 4.5 billion
dollars; farmers for 800 million dollars;
and other individuals, viz, employees,
professional persons, etc., for the remaining 2.7 billion dollars. The percentage
increase in demand deposits for entrepreneurs and farmers amounted to nearly
70 percent each while the increase for
other individuals was only 35 percent.
At the end of the period, June 30, 1943,
entrepreneurs held about 11.0 billion dollars in demand deposits, farmers close to
2.0 billion dollars, and other individuals
another 11.0 billion dollars.
The three main groups of nonsupervisory employees which are of special interest, i. e., defense and nondefense workers and clerical employees, showed a comparatively minor increase in demand deposits over the year, amounting to only
about 500 million dollars for the country
as a whole in spite of the great number
of such workers and the relatively high
incomes they had been receiving during
this period.
Defense workers alone accounted for
not much over 250 million dollars of this
total. It is true that such persons had
saved large amounts in war bonds and
possibly currency and saving accounts,
but their savings in demand deposits has
been relatively unimportant. Even at
the end of the period, these nonsupervisory employees held only about 1.5 billion
dollars in demand deposits.
The sample data also provide a basis
for estimating the distribution of and
changes in individuals' demand deposits
by size of account. In the neighborhood of 3.0 billion dollars increase took
place in accounts with balances over
$1,000 as of June 30, 1942; 3.3 billion dollars in balances under $1,000; and 1.7
billion dollars in new accounts.
1
The study on which this article is based
was carried out under the general direction
of Walter C. Louchheim, Jr., Assistant Director, Trading and Exchange Division. Vito
Natrella and Mildred Laverell assisted in the
preparation of the statistical material.
While a much more rapid increase occurred in small accounts in the year ending June 30, 1943, they still were a relatively unimportant part of total demand
deposits. Thus accounts with balances
under $500, which constituted over half
of all accounts, held only about 1.5 billion
dollars in demand deposits out of the
total of 24.0 billion dollars. At the other
extreme accounts with balances over
$5,000 included close to 14.0 billion dollars of demand deposits.
Scope of Survey
The study of the volume and composition of individuals' saving, which the
Securities and Exchange Commission has
been making for some years, shows the
forms saving has been taking, viz., cash
and deposits, U. S. Government and other
securities, insurance, debt liquidation,
etc. It does not, however, segregate entrepreneurial saving, i. e., the saving of
unincorporated businesses from that of
other individuals, nor does it indicate the
extent to which large and small incomes
and the various broad occupational
groups have participated in the growth
of saving.
The form which has posed the greatest
number of questions has been the very
marked rise in individuals' demand deposits which constituted perhaps the
most striking feature of the pattern of
saving in the past year or two. Consequently, it is important to investigate
the part played by the various types of
individuals.
In this connection, the Federal Reserve Board recently completed a broad
and extremely valuable survey of the
Chart 1.—Individuals' Demand Deposits by Type of Ownership
BILLIONS OF DOLLARS
25
EMPLOYEES,
PROFESSIONAL
PERSONS, AND
OTHERSU
OWNERS OF
UNINCORPORATED
BUSINESSES
JUNE 30,
1943
1
aa 44-144
"Others" include members of the armed
forces, retired, and miscellaneous and unclassified individuals.
Source : Securities and Exchange Commission.
ownership of demand deposits. However, because of the scope of that study
it was not considered feasible to classify
individuals by occupation, isolate the
accounts of unincorporated businesses,
or segregate small accounts. Furthermore, no provision could be made for
the separation of new accounts from old
accounts or for the determination of the
proportion of accounts showing different
percentage increases or even decreases.
In the present survey, the necessary
additional data on the distribution of
individuals' demand deposits were obtained on a sample basis by a tabulation
of balances in checking accounts as of
June 30, 1942, and June 30, 1943, for a
relatively small number of individuals,
showing occupation or type of business.
Such data, by presenting separate statistics on unincorporated business for
the first time, also provide a further basis
for the reconciliation of different estimates of the distribution of demand deposits among personal, entrepreneurial
and corporate accounts.
Corporate accounts were not included
in the survey in view of the rather comprehensive data available, such as the
back annual data published in Statistics
of Income and the current quarterly data
which the Securities and Exchange Commission obtains from registered corporations.
For this survey, sample data on size
of account and occupation or type of
business were collected from more than
23,000 checking accounts distributed
throughout the country, with 57 million
dollars in demand deposits as of June 30,
1943. Approximately 200 accounts were
taken at random from each of 111 banks
in 86 different communities. The size
and location of those banks, and the
sampling techniques used within banks,
are described in Technical Notes 1 and 2.
The communities were selected to give
a picture of the country as a whole primarily on the basis of the distribution of
bank deposits by counties at the end of
1941 and 1942. It was not possible, however, to stratify the sample of communities so as to be completely representative of the entire country. The survey
covered small banks as well as large, and
banks in agricultural communities as
well as in industrial centers, with total
demand deposits (of individuals, partnerships and corporations) amounting
to 10.3 billion dollars as of June 30, 1943.
In spite of an attempt to obtain representative banks in each community,
the sample gives too much weight to the
larger banks, and, consequently, to the
larger accounts so that it is necessary to
weight the sample results before applying
them to the universe. The estimates obtained in this manner, based on a sample
of less than one out of every hundred
banks and one out of every thousand ac-
SURVEY OF CURRENT BUSINESS
June 1944
Table 1.—Individuals' Demand Deposits
as of June 30, 1943: Sample Data
I
Size of account
as of June 30,
1943
Type of individual
j
EmOwners
ployees,
of unin- Total
profes- Farm- corpoers
sional
rated
men,
businesses
etc.
DEPOSITS (thousands of dollars)
$99 and under- _.
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499._
$2,500 to $4,999 $5,000 to $24,999.
$25,000 and over.
Total
96
485
1,070
1, 991
3,976
3, 730
7,944
9,259
38
112
206
486
486
867
380
17
94
281
738
2,314
3,211
9,782
9,530
121
617
1,463
2,935
6,776
7,427
18, 593
19,168
28, 550
2,584
25, 967
57,101
NUMBER OF ACCOUNTS
$99 and under ._
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499. _
$2,500 to $4,999_ $5,000 to $24,999$25,000 and o v e r
2,143
2,899
2,967
2,820
2,535
1,074
818
127
226
230
302
293
305
143
95
11
1, 022
1, 437
909
995
166
Total
15, 383
1,605
6 248
396
561
•762
2,765
3,690
4,031
4,135
4,277
2,126
1,908
304
23,5
counts in the country, are obviously subject to a considerable margin of error.
The broad outline of the results, however, is believed to be substantially
correct.
For purposes of analysis the owners of
checking accounts were classified into
three main groups: (1) employees, professionals, etc.; (2) farmers, and (3)
owners of unincorporated businesses.
Trust funds, institutions and foreign accounts were excluded from the analysis.
Owners of unincorporated businesses
cover both partnerships and sole proprietorships, and include personal as
well as trade accounts unless otherwise
specified.
In addition to the three main categories into which individuals have been
divided, the detailed information on different occupational groups and types of
business is also presented, and data on
balances of unincorporated businesses
are further broken down into trade and
personal accounts. Though accounts of
professional persons also include both
trade and personal balances, trade accounts of such persons, in view of their
relative unimportance, are not shown
separately except in the technical notes.
Another classification was made as to
size ranging from those with a nominal
balance to very large accounts. This
break-down casts some light on the extent to which large and small incomes
have participated in the growth of demand deposits in view of the correlation
between size of account and size of income. It would, of course, have been
much more desirable to have had the
accounts classified by size of income, but
this was impossible to obtain. Finally,
accounts which were opened or closed
during the year ending June 30, 1943,
were segregated from those in existence
throughout the period.
Results and Analysis
Tables 1-6 show the main sample results, both unweighted and weighted by
size of bank. The derivation of weights
is given in Technical Note 3.
In view of the importance of bank size
in determining the characteristics of a
bank's depositors, the sample data
weighted by size of bank were used as
the primary basis for estimating over-all
figures for the country as a whole. The
procedure followed, it should be noted,
places very great weight on the 5,700 accounts in the 27 sample banks with demand deposits under $5,000,000 as of
June 30, 1943.
Even this approach, however, does not
fully adjust for the undercoverage of
small banks in the survey, mainly because the sample banks with demand
deposits under $5,000,000 are somewhat
larger on the average than all banks with
demand deposits under $5,000,000.
The sample data have also been
weighted by geographical location.
These results are in general quite close
to the unweighted figures and are not
shown separately in the tables. Like the
unweighted, the sample data weighted
by location do not adjust for the undercoverage of small banks. Consequently,
as indicated above, the following estimates rely mainly on the sample
weighted by size of bank.
Deposit Distribution, June 30, '43
Type of Individual.
Probably the most significant result of
this survey lies in the light it casts on
the distribution of individuals' demand
deposits among unincorporated businesses, farmers, and such other individuals as employees, professional men,
15
etc.2 As of June 30, 1943, the sample
data weighted by bank size indicate that
unincorporated businesses accounted for
46.9 percent of the demand deposits of all
individuals. (Table 2). Farmers made
up 8.8 percent of the total weighted by
bank size while oher individuals accounted for the remaining 44.3 percent.
In other words, almost half of individuals' demand deposits were held by
the comparatively small number of
entrepreneurs.
Almost identical results for the relative importance of entrepreneurs' demand deposits are given both by the unweighted sample data and the sample
data weighted by location, which indicate
that 45.5 percent and 44.5 percent, respectively, of individuals' demand deposits are held by owners of unincorporated businesses.
Substantially different results, however, are obtained for the importance of
farmers as compared with other individuals. Thus the sample data weighted by
location indicate that only 4.8 percent of
individuals' demand deposits are held by
farmers, contrasted to the 8.8 percent
figure obtained from the sample data
weighted by bank size. The latter figure
is believed to be more correct.
As of June 30, 1943, it is estimated that
all individuals combined held about 24.0
billion dollars in demand deposits. This
estimate excludes trust funds, institutions and foreigners and is adjusted for
float, i. e., items in process of collection
between banks and checks in transit between payer and payee. The adjustment
for float is necessary to obtain individuals' equity in demand deposits, i. e., individuals' wealth in this form, from
banking data. The 24 billion dollar
2
The terms "other individuals" and "employees, professional men, etc." will be used
interchangeably.
Table 2.—Percent Distribution of Individuals' Demand Deposits as of June 30, 1943,
by Type of Individual and by Size of Account1
By size of account
By type of individual
Size of account as of June 30,1943 Employees, professional
men, etc.
l Owners of
p
S businesses
Total
EmployOwners of
ees, prounincorfessional Farmers porated
men, etc.
Dusinesses
Total
SAMPLE DATA, UNWEIGHTED
$99 and u n d e r . . .
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499-..
$2,500 to $4,999—
$5,000 to $24,999$25,000 and over.
78.7
78.6
73.1
67.8
58.7
50.2
42.7
48.3
7.6
6.2
7.7
7.0
7.2
6.5
4.7
2 2.0
O. 0 i
13.7
15.2
19.2
25.2
34.1
43.3
52.6
49.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
0.3
1.7
3.8
7.0
13.9
13.1
27.8
32.4
0.4
1.5
4.3
8.0
18.8
18.8
33.5
2 14.7
12.4
37.7
36.7
11.9
13.0
32.5
33.6
45.5
100.0
100.0
100.0
100.0
100.0
12.4
15.7
18.9
25.6
36.1
47.3
56.5
52.0
100.0 !
100.0
100.0
100.0
100.0
100.0
100.0
100.0
2.1
5.9
10.5
23.8
20.2
29.2
2
7.7
.1
.5
1.3
3.6
11.1
15.4
38.8
29.2
.3
1.5
3.4
6.6
14.5
15.2
32.2
26.3
46.9
100.0
100.0
100.0
100.0
0.1
.3
1.1
2.8
8.9
0.2
1.1
2.6
5.1
DATA WEIGHTED BY BANK SIZE
$99 and under
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499—
$2,500 to $4,999—
$5,000 to $24,999..
$25,000 and over.
72.4
72.4
65.5
60.5
49.5
41.0
35.5
45.4
Total.
44.3
1
2
15.2
11.9
15.6
13.9
14.4
11.7
8.0
2 2.6
.5
2.5 j
4.9
9.0
16.2
14.1
25.8
27.0
100.0
All percentages in text and appendix tables are based on dollar amounts rather than on number of accounts.
There are only 11 accounts in this category.
16
SURVEY OF CURRENT BUSINESS
figure is only approximate; its derivation is indicated in Technical Note 4.
Applying the sample percentages
weighted by size of bank to this total it
appears that employees, professional
men, etc. held close to 11.0 billion dollars
in demand deposits, while entrepreneurs
also accounted for 11.0 billion dollars and
farmers for another 2.0 billion dollars.
Of these figures, only that for farmers
seems subject to any considerable error.
More detailed data on the distribution
of individuals' demand deposits among
different occupational groups and among
different types of entrepreneurs are presented in tables 6-7. In this connection
it should be pointed out that the finer the
breakdown of the sample the greater is
the margin of error in generalizing from
the sample to the universe. This is true
not only because of the smaller sample
involved, but also because of the greater
difficulties in classification. For example,
it was not always possible to distinguish between defense and nondefense
workers.
It will be noted that the appendix
tables make provision for two "miscellaneous and unclassified" groups, one for
employees, professional men, etc., the
other for owners of unincorporated businesses. Not much over one-third of the
total deposits in these groups were actually "unclassified" in the sense that occupations of their owners were unknown.
The largest category of individuals included in the "miscellaneous" group of
employees, professional men, etc., were
housewives. However, many other types
of individuals were included in this
group. Among them were a few large
accounts classified by the banks as belonging to "capitalists."
Employees, professional men, etc.—
The distribution of demand deposits of
employees, professional men, etc., among
occupational groups is of particular inTable 3.—Percent Change in Individuals'
Demand Deposits, June 30, 1942 to
June 30, 1943: Continuous Accounts i
Type of individual
EmSize of account as ployees,
of June 30, 1942
profes- Farmsional
ers
men,
etc.
SAMPLE DATA,
UNWEIGHTED
$99 and under
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499
$2,500 to $4,999
$5,000 to $24,999
$25,000 and over___
Total
DATA WEIGHTED BY
BANK SIZE
$99 and under
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499
$2,500 to $4,999
$5,000 to $24,999
$25,000 and over
Total
1
+582. 5
+178. 3
+103. 4
+67.0
+45.4
+11.3
+1.6
+2.5
+23.5
+482. 7
f 158. 2
+97.1
+61.0
+38.9
+6.5
-1.1
+4.3
+27.0
Owners
of unincorporated
businesses
+849.1 +1,942.4
+237. 2 +340.8
+171.1 +250. 3
+118.6 +166. 4
+84.9 +105. 5
+42.2
+74.7
+36.1
+46.3
2 -51.0
+.9
+73.0
+57.0
Total
+867. 5
+216.9
+144. 2
+101.6
+71.0
+39.8
+23.4
+1.3
+39.0
+837. 7 +1,350.8 +694. 7
+221. 5 +328. 4 +203. 5
+150. 3 +202. 9 +131.8
+82.7 +153. 2 +95.1
+74.3 +103. 7 +69.5
+18.5
+74.3 +38.8
+17.0
+47.0 +24.2
2 -84. 0
-2.5
-5.1
+61.2
+62.9
+45.1
Accounts in existence at beginning and end of period.
2 There are only 11 accounts in this category.
June 1944
Table 4.—Individuals' Demand Deposits in Accounts Closed and Opened1 in Year
Ended June 30, 1943, as Percent of Deposits at Beginning of Year
Accounts closed
Size of account 2
EmployOwners of
ees, pro- Farmers unincorfessional
porated
men, etc.
businesses
Accounts opened
Total
EmployOwners of
ees, pro- Farmers unincorfessional
porated
men, etc.
businesses
Total
SAMPLE DATA, UNWEIGHTED
$99 and under
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499
$2,500 to $4,999
$5,000 to $24,999
$25,000 and over
Total
14.6
9.8
5.1
7.4
3.5
10.6
7.2
5.2
3.5
3.0
1.9
1.1
22.1
10.9
7.6
5.4
3.6
3.0
1.5
19.3
26.4
25.5
24.1
15.4
13.2
6.9
5.2
20.8
16.4
28.4
14.2
17.9
5.3
16.9
7.4
11.4
16.8
12.7
11.1
13.0
9.0
7.0
17.4
22.7
23.7
19.9
13.9
12.7
8.0
5.9
2.8
2.6
1.3
2.2
10.7
13.9
9.3
10.3
18.1
11.3
7.4
5.9
3.1
4.2
16
12.0
7.5
4.3
6.6
4.2
10.5
6.1
3.0
3.3
2.8
1.0
1.3
15.9
9.7
5.9
5.1
3.1
2.4
1.4
19.0
27.5
26.4
26.6
13.2
15.6
9.4
3.9
25.7
17.4
29.4
16.8
14.8
6.8
6.7
15.4
12.3
11.2
11.6
12.2
9.9
4.9
5.9
17.9
23.6
23.5
20.1
12.8
13.3
9.5
4.2
2.9
2.9
1.4
2.3
12.3
12.4
9.4
11.1
25.5
12.0
8.6
6.1
4.0
4.3
1.9
DATA WEIGHTED BY BANK*SIZE
$99 and under _. _ _ _
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499
$2,500 to $4,999
$5,000 to $24 999
$25,000 and over
Total
1
2
Accounts opened and accounts closed are expressed as a percent of all accounts as of June 30, 1942.
Based on size as of June 30, 1942, for accounts closed and as of June 30, 1943, for accounts opened.
terest (table 6). Thus the sample data
weighted by bank size indicate that defense workers, other than clerical, supervisory or professional employees and
executives, held less than 5.0 percent of
the demand deposits of
other individuals
as of June 30, 1943.3 This percentage
should be raised slightly since it makes
insufficient allowance for the fact that
an unclassified account is more likely to
belong to a defense or other worker than
to a professional or executive.
There is reason to believe that a full
correction for the undercoverage of small
banks would further raise this percentage somewhat since the smaller banks in
the sample have a much higher proportion of demand deposits belonging to defense workers than the larger banks.
Thus in sample banks, with demand
deposits under $5,000,000, defense workers held somewhat over 10 percent of the
demand deposits of other individuals.
On the other hand, in the data weighted
by location, as well as in the unweighted
data, defense workers accounted for only
3 percent of such deposits.
Relying mainly on the sample data
weighted by size of bank, it appears that
of the total demand deposits of employees, professional men, etc., amounting to close to 11.0 billion dollars, defense
workers held not much over 500 million
dollars as of June 30, 1943. The subsequent discussion of the change in demand deposits during the year ending
June 30, 1943 indicates even more clearly
that defense workers did comparatively
little saving in the form of demand
deposits.
Likewise, nondefense and clerical employees accounted for less than 5 percent
and 4 percent, respectively, of the demand deposits of other individuals in
3
The percentages in this section differ from
those in table 6; they are based on the distribution of deposits among employees, professional men, etc., including miscellaneous
but excluding unclassified deposits.
the sample weighted by size of bank.
For nondefense workers, the smaller
banks in the sample again show a higher
percentage while the data weighted by
location show a smaller percentage, but
the differences are not as great as for
defense workers.
For clerical workers, the differences are
quite small. It is estimated, therefore,
that the demand deposits of all employees, exclusive of salesmen, supervisory employees, and executives, totaled
only about 15 percent of the demand deposits of other individuals, or approximately 1.5 billion dollars in all. Salesmen accounted for another 7 percent;
supervisory employees for about 6 percent.
Two groups of individuals, which were
very important in terms of demand deposits, were executives with 18 percent
of other individuals* demand deposits
and retired persons who accounted for
an additional 16 percent. Professional
persons, i. e., doctors, dentists, engineers,
accountants, lawyers, and teachers, also
held substantial amounts of demand deposits and together accounted for close
to 22 percent of the total for other individuals. Lawyers were the most important of this group and doctors second, with 9 percent and 6 percent,
respectively.
Several qualifications should be made
with regard to the above percentages
which are based on sample data weighted
by size of bank. For the three most important groups, executives, retired persons and lawyers, there are very sizeable
discrepancies between the sample data
weighted by size of bank and the data
weighted by location and between the
larger and smaller banks.
The percentages weighted by location
for these groups are considerably higher
than the percentages weighted by bank
size, the former being fairly close to the
unweighted percentages presented in
table 6. On the other hand, the smaller
June 1944
banks, which may still be underweighted
in the sample even after adjustment for
size of bank, show a much smaller percentage of other individuals' deposits in
the hands of executives, retired persons
and lawyers.
Thus executives accounted for only 11
percent of other individuals' demand deposits in banks with demand deposits
under $5,000,000; retired persons for
somewhat over 12 percent; and lawyers
for under 4 percent. Furthermore, so
far as lawyers are concerned, part of
their deposits represent clients' funds.
It is interesting to note that, while lawyers comprised 3.6 percent of the total
number of accounts in the sample, they
comprised only 1.2 percent of the number
of accounts in sample banks with demand
deposits under $5,000,000.
Unincorporated businesses.—-The most
important industrial group among unincorporated businesses was retail trade,
holding 45 percent of the demand deposits of entrepreneurs in the sample
weighted by size of bank as of June 30,
1943. Applying this percentage to the
demand deposits of all unincorporated
businesses amounting to 11.0 billion dollars, it appears that the total demand
deposits of proprietors in retail trade
were close to 5.0 billion dollars in the aggregate.
Manufacturing was next in size, making up 14 percent of the demand deposits
of unincorporated businesses in the
sample. Wholesale trade, construction,
finance, and services followed in order,
amounting to 11 percent, 10 percent, 8
percent, and 8 percent, respectively.
It should be pointed out that many of
the accounts belonging to owners of unincorporated businesses are predominantly trade accounts, some are primarily personal accounts, while others
are mixed in character. Obviously it is
difficult to distinguish between these
types of accounts.
Nevertheless, in view of the importance
of the breakdown, banks covered by this
survey were asked to differentiate among
personal, mixed, and trade accounts so
far as possible. Close to one-half of the
banks undertook to distinguish among
these three types of accounts, while another one-quarter of the banks distinguished only between trade accounts and
all others.
On this basis, it appears that not quite
65 percent was predominantly trade,
about 20 percent of the demand deposits
of owners of unincorporated businesses
was purely personal, while somewhat over
15 percent was in mixed accounts. It
should be noted, however, that even the
so-called trade accounts are frequently
used for personal as well as trade purposes.
Thus it is estimated that in the neighborhood of 2.2 billion dollars of demand
deposits of proprietors of unincorporated
businesses were in purely personal accounts as of June 30, 1943, while 8.8
billion dollars were in accounts which
were partly or entirely trade in character. A comparison of these figures with
those obtained by the Federal Reserve
Board in its survey of personal and business demand deposits is presented in
Technical Note 5.
588620—44
3
SURVEY OF CURRENT BUSINESS
17
incorporated businesses, all industrial
groups showed great concentration in
Table 2 indicates that small accounts
large accounts, with the greatest concenwere a comparatively unimportant part
tration found among entrepreneurs of
of total demand deposits as of June 30,
manufacturing and wholesale concerns.
1943 for each of the three main classifications of individuals, viz., farmers, unChange From 1942 to 1943
incorporated businesses, and other indiOf greater interest than the distribuviduals. As might have been expected,
tion of the level of demand deposits, from
unincorporated businesses showed the
the point of view of wartime saving, is
greatest concentration in the larger acthe distribution of the change in decounts, with other individuals running a
posits. Tables 3-5 and 7 show these
surprisingly close second.
changes for the different types of indiOnly 8 percent of the demand deposits
viduals and size groups for the period
of farmers and other individuals,
from June 30, 1942 to June 30, 1943, a
weighted by size of bank, and 2 percent
period accounting for close to two-thirds
of demand deposits of unincorporated
of the rise in demand deposits from the
businesses were in accounts with balbeginning of the war to the end of 1943.
ances under $500 in spite of the fact that
A striking observation, which can be
the majority of accounts were in this
made on the basis of the data, is the fact
category. The sample data weighted by
that, in spite of great variations among
location suggest that even smaller perdifferent groups of individuals, there was
centages of individuals' demand deposits
an increase in demand deposits for alwere held in such accounts. These
most every group or subgroup examined.
ratios are quite close to the unweighted
ratios in table 2.
Type of Individual.
In contrast, the smaller banks with demand deposits under $5,000,000 indicate
Table 3 shows clearly that so far as
much larger percentages, with 15 percent
accounts existing at the beginning and
of the demand deposits of employees,
end of the period are concerned, uninprofessional persons, etc., 10 percent of
corporated businesses and farmers exthe demand deposits of farmers, and 3
perienced a much greater percentage rise
percent of the demand deposits of uninin demand deposits, amounting to becorporated businesses belonging to actween 60 percent and 65 percent for the
counts with balances under $500.
sample data weighted by size of bank,
Relying again mainly on the sample
than did other individuals whose demand
data weighted by size of bank, the great
deposits rose only 27 percent. On the
number of farmers and other individuals
with accounts under $500 appear to have
Table 5.—Percent Distribution of Total
held not much over 1.0 billion dollars in
Change in Individuals' Demand Dedemand deposits as of June 30, 1943,
posits, June 30, 1942, to June 30, 1943,
while unincorporated businesses with
by Type 1 of Individual and Size of
such balances held not much over 200
Accounts
million dollars. Altogether, individuals
with balances under $500 accounted for
Type of individual
about 1.5 billion dollars in demand deposits, a relatively small amount.
EmOwners
Size of account as ployees,
A somewhat larger proportion of deof unin- Total
of June 30, 1942
corpoFarmprofesmand deposits was held by each of the
rated
ers
sional
three groups in accounts with balances
busimen,
from $500 to $1,000. The relatively
nesses
etc.
wealthy individuals, with balances over
$5,000, held close to 14 billion dollars in
SAMPLE DATA
UNWEIGHTED
demand deposits, with owners of unincorporated businesses accounting for about
New accounts 2
12.9
8.2
1.1
22.2
Accounts in exist7.5 billion dollars of the total.
ence June 30,
Not all occupational groups among
1942:
3.1
2.9
.6
6.6
$99 and underemployees, professional persons, etc., or
2.4
3.9
.5
6.8
$100
to $249
industrial groups among unincorporated
4.5
4.1
.9
9.5
$250 to $499
6.4
4.8
1.0
businesses showed the same high degree
12.2
$500 to $999
6.1
1.4
10.6
18.1
$1,000 to $2,499.._
of concentration of demand deposits in
1.0
.
6
8.3
9.9
$2,500 to$4,999___
-.1
.8
the large accounts. Table 6 shows the
13.1
13.8
$5,000 to $24,999 .
1.0
3
.
4
.
3
.9
$25,000 and over.
distribution of unweighted sample data
by size of account for each occupational
Total
37.2
6.5
56.3
100. 0
or industrial group.
DATA WEIGHTED
These data have not been weighted by
BY BANK SIZE
size of bank in view of the amount of
New accounts 2
11.6
7.5
1.8
20.9
work involved.
Consequently, they
Accounts in existence June 30,
should not be used without adjustment to
1942:
indicate the amount of demand deposits
3.5
1.4
2.8
$99 and under--.
7.7
4.0
1.2
2.8
8.0
$100
to $249
held in the various size of account groups
4.4
4.2
1.8
10.4
$250
to
$499
in the population as a whole. However,
4.2
1.5
7.2
12.9
$500 to $999
5.1
2.6
they do give a rough idea of the compar11.7
19.4
$1,000 to $2,499 .
.
3
.
5
8.8
9.6
$2,500 to $4,999___
ative concentration of deposits in the
.5
11.8
11.7
$5,000 to $24,999..
— .6
large accounts as between different oc1.6
-.6
3-1.2
-1.0
$25,000 and over..
cupations and industrial groups.
Total
:
34.1
55.8
10. 1
100. 0
As would be expected, defense workers, clerical, and nondefense employees
1
Percentages are based on total change in all accounts
showed the least concentration in large
(continuous,
opened, and closed).
2
Accounts in existence at end but not at beginning of
accounts. Executives and retired persons
period.
3
were at the other extreme. Among unThere are only 11 accounts in this category.
Size of Account.
18
SURVEY OF CURRENT BUSINESS
and other individuals (table 4). There
was an increase of somewhat more than
10 percent in the total number of accounts during this period, resulting from
an expansion of about 20 percent in the
form of new accounts and a decline of
less than 10 percent in the form of closed
accounts. In addition to the segregation
of new and closed accounts in the sample,
most banks also showed the total number
of checking accounts as of June 30, 1942,
and June 30, 1943.
The net percentage increase of close to
70 percent in the demand deposits of
farmers and unincorporated businesses
was much greater than the increase for
other individuals, which was about 35
percent (tables 3-4 ).4 Of the total
sample increase in demand deposits over
the year, it appears from the data
weighted by size of bank that unincor-
other hand, demand deposits for other
individuals rose only by 27 percent.
In terms of number of accounts threefourths of the entrepreneurs and farmers showed increases over this period, as
compared to two-thirds of other individuals.
The proportion of demand deposits in
dollar amounts which went out of existence was small for each of these three
types of individuals. It amounted to
about 1.5 percent for deposits of unincorporated businesses, 3 percent for
farmers, and 3 percent for other individuals (table 4).
New accounts, part of which were offsets to closed accounts, were relatively
much more significant ranging from over
9 percent of demand deposits at the beginning of the period for unincorporated
businesses to over 12 percent for farmers
June 1944
porated businesses accounted for 56 percent, farmers for 10 percent, and other
individuals for 34 percent (table 5).
The proportion of the increase in individuals' demand deposits, accounted for
by owners of unincorporated businesses,
is approximately the same whether the
sample data be weighted by bank size or
by location, or unweighted. However,
the data weighted by location indicate
a somewhat lower percentage for farmers
than the data weighted by bank size, or
6.6 percent contrasted to 10 percent, and
a correspondingly higher percentage for
other individuals.
4
The net percentage increase in demand
deposits is the increase in accounts in existence throughout the period, plus deposits
in new accounts, less deposits in closed accounts, expressed as a ratio of demand deposits at the beginning of the period.
Table 6.—Individuals' Demand Deposits as of June 30, 1943: Sample Data
Employees, professional men, and others
ii
ment
oyees
fense empl
Size of account June 30, 1943
q
©
©
a
©
^©
*c3
Xfl
©
II
ecuti ves
©
o
in-
a
©
©
sory
oyees
a
Owners of unincorporated businesses
o
11
i
o
O
DEPOSITS (THOUSANDS OF DOLLARS)
$99 and under
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,490
$2,500 to $4,999
$5,000 to $24,999
$25,000 and over
..
Total..
7
34
83
166
275
248
437
857
161
03
123!
166!
217;
131
194!
13
56
111
171
263
181
138
581
1061
176
184J
951
178
909
934
807 2,106
io!
8!
34
72!
121!
112j
88;
6
32
78!
126! 132
271! 474
270! 656
4i4 2,326
100: 214; 1,914|
7!
29;
73:
285;
313
io!
24;
86|
73 !
56!
!
318
635! 1, 412 5, 5691, 456
1
11'
32!
50!
138:
86|
200
40!
c
1
3i
24
11; 13;
51
16! 40|
44! 118;
94
96! 306^ 113
76 368i
219 1,010
5
27
52
111
147
1031
878j.
252, 559| 4882, 736 j 385
1
9
5
38
29
10
112 106
15
26
206 287
48
63
486 1,051 147j 263
48611,42'' 210 394
867 3, 814 1, 001 1,578
380 2, 511' 1,705; 1,958
2
14
40 180
94 327
270 737
303 690
805! 1,288
2,701|2,211
4
15'
46
105
245|
397
183
223
787
435! 1, 493
12
29
81
199
279
918
891
2! 121
10| 617
30i 1,463
771 2,935
2261 6,776
285| 7,427
987 18, 593
537| 19, 168
545 4, 22815, 529 2, 584i9, 225 3,132 4, 293 1, 944.2, 808;2, 411 2, I&\o7, 101
NUMRER OF ACCOUNTS
$99 and under
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499.__
$2,500 to $4,999 ._
$5,000 to 24,999...
$2o,000 and over_
348 j 306! 236 j 148
377I 340I 350' 203
344
315 299) 226
non
239
146|
40
25 i
CIAK
nAOi
000'
245,
248 232!
174! 125! 178
55;
27|
15;
17
1,519'1,452'1,300,1,109!
Total
!
I
159: 122;
204!
63
23
94 39,
132; 79!
1981 217
-inn:
1 TO
178
1SS| 100|
172!
170
295! 175j
26!
75! 188| 9 l |
12!
43 221
50
5;
36;
4!
846 1,002 1,217j
i
4
19
26;
32;
52:
!
9i
1
2S|
66!
89!
671
87,
25|
20
1
561! 163, 384
!
1
!
20!
65;
42;
61!
60
22
20'
1
j
62; 106112
78! 143161
1071 141143
169 133 158
188 83
96
107 15
29
105
8
11
19
291, 835; 629
i
41
83
110
129
171
86
79
21
364
486
498
470
463
196
136
32
226
230
302
293
305
143
95
11
m
173
290
390
6b4
405
3S6
46
710, 720 2,645 1,605 2,461;
I
PERCENT DISTRIBUTION OF DEPOSITS, BY TYPE OF INDIVIDUAL
I
1
16
30
40
67
90
61
97
27
30
55
71
85
156
108
153
32
2,765
3,690
82
90
123
152
157
112
76
5
428; 690! 800
•
!
I
3
$99 a n d u n d e r
$100 to $249
$250 to $499
$500 to $999
$1,000 to $2,499
$2,500 to $4,999
$5,000 to $2,499
$25,000 and over
_._.
3.8
5.3
2.8
100.0
100.0
100.0
100.0
100.0
100.0
Total
Total, weighted by bank size__
PERCENT DISTRIBUTION OF DEPOSITS, BY SIZE OF ACCOUNT 3
$99 a n d under.
$100 to $249..
$250 to $499 .
$500 to $999.
$1,000 to $2,499
$2,500 to $4,999.
$5,000 to $24,999
$25,000 and over
-
•
•
-
•
-
-
-
Total.
-
1.4 1.3 0.3,
1.
6.9! 6.1;
7.1 1.6!
13.5 11.9 13. li 3.9
18.3! 18. 3 21.8, 7. 9J
| 23.9! 28.1! 22.8 13.1!
11.81
21.3 14.8; 22.1! 20. 7\
40.7;
1
4
>
4
i
g
>
4
1
L
8
1.3 0.4i
5.3i 2.3|
11.3! 5.5!
19. Oj 8.9|
17.6 19.2
13.9! 19.2;
15.9: 29.3
15.7| 15.2
()
0.3
.8
2.4
8.5
11.8;
41. 8
34.4
2.0
5.0
19.5;
21.5
29. 5!
21.9;
0.1 0.3
1.3 2.0
3.8
5.8
9.4
34.2! 24.7
28.8J 1 5 - 4 !
22.4; 35.7!
7.2;
0.2!
2.2!
3.2
9.0!
19.7|
15.
44.9|
5.2!
1.2 0.91 0.1
6.2
5.0!
.3
13.2 9.5!
.9
4.3! 24.4 20.4! 2.2
11.21 29.5 27.1 6.4
12.8 19.0! 7.2
19.0
36.9 12.7
63.9
32.1
C.4
1.5
2
4.3
5
6
8.0
7
18.8
7
18.8 15.4
33.5! 411.4
i . 3 | 31.9
14.7! 27.2; 54. 4|
°:J;
i?l
100. 0 100. O'lOO. 0 100. 0J100. 0,100. OllOO. 0 100. 0J100.0J100. 0;100. 0J100. OllOO. 0 100. 0 100. OilOO. 0 100. OjlOO. 0:i00. 0! 100.0 100.0,100. 0 100.0,100. 0; 100. 0
1
Less than half of these deposits were unclassified.
2 Less than $500.
sample data except those designated as ''Total, weighted by bank size."
3 All percentages are based on unweighted
4
Less than five-hundredths of 1 percent.
June 1944
On the other hand, the small banks
which, as mentioned before, may not receive sufficient weight in the sample even
after adjustment for size of bank, show
farmers accounting for a much larger
percentage of the increase in . individuals' demand deposits. Thus in sample
banks with demand deposits under
$5,000,000, farmers made up 16.1 percent
of the increase, other individuals 27.9
percent, and owners of unincorporated
businesses 56.0 percent.
During the year ending June 30, 1943,
it is estimated that the demand deposits
of unincorporated businesses, farmers,
and other individuals increased about 8.0
billion dollars for the country as a
whole. This figure is derived in Technical Note 6. Applying the sample percentages weighted by size of bank to this
figure, it appears that the demand deposits of entrepreneurs accounted for 4.5
billion dollars of the increase, farmers
for another 800 million dollars, and other
individuals for only about 2.7 billion
dollars. These estimates are compared
with data collected by the Federal Reserve Board in Technical Note 7.
Employees, professional men, etc.—Of
the various occupational groups among
employees, professional men, etc., defense workers, in the sample weighted
by size of bank, showed a net increase5
in their demand deposits of 80 percent
which would lead to an estimate of close
to 250 million dollars for the entire
United States, a relatively small figure
(table 7).
The general magnitude of this figure
is not affected if we substitute for the
percentage weighted by bank size either
the percentage weighted by location or
the percentage for sample banks with
demand deposits under $5,000,000. In
the first case, the estimated share of defense workers in the rise of individuals'
demand deposits would be lowered by
100 million dollars; in the second case
it would be raised by 100 million dollars.
Somewhat over half of the increase represented new accounts.
Nondef ense workers and clerical workers increased their demand deposits by
45 percent and 30 percent respectively,
suggesting increases of the magnitude of
150 million dollars and 100 million dollars for the country as a whole.
Combining these three major groups
of nonsupervisory employees, their total
saving in the form of demand deposits
for the year ending June 30, 1943,
amounting to 500 million dollars, is not
very great.
Executives and retired persons showed
smaller percentage increases in demand
deposits over this period, 25 percent and
15 percent respectively, but were more
important on an absolute basis in view
of their rather large holdings at the beginning of the period. The various professional groups all showed increases in
demand deposits which, however, were
quite variable. For example, the demand
deposits of lawyers increased only 20 percent while that of doctors increased 60
percent.
5
This percentage is artificially raised to
a slight extent by the shifting of employees
from nondefense to defense work, involving
change of bank.
SURVEY OF CURRENT BUSINESS
Unincorporated businesses.— Retail
trade experienced by far the highest percentage increase among unincorporated
business groups, showing an increase of
95 percent for the sample data weighted
by size of bank. Applying this percentage to the estimated demand deposits of
proprietors in retail trade, it appears
that such persons increased their demand deposits from June 30,1942 to June
30, 1943 by somewhat over 2.3 billion dollars, a very substantial rise.
The percentage increases in wholesale
trade and manufacturing were next in
size among the major industrial groups,
being between 70 percent and 75 percent.
The construction, finance and service
unincorporated businesses showed a considerably smaller rise, amounting to between 30 percent and 40 percent.
It has previously been mentioned that
not all accounts classified as unincorporated businesses were trade accounts and
that partial data are available segregating personal, mixed and trade accounts. In this connection it is interesting to note that there is not much difference in the percentage increases of the
three different types of accounts.
The absence of any marked difference
in the behavior of personal, mixed and
trade accounts would tend to support the
belief that the increases in demand deposits of unincorporated business over
this period reflected profits to a considerable extent. Other available data appear to confirm this conclusion (Technical Note 8).
Size of Account.
It has already been pointed out that
in absolute terms small accounts were a
relatively unimportant part of total demand deposits as of June 30, 1943, for
each of the three main classifications of
individuals. However, this is not true of
the change in demand deposits from
June 30, 1942, to June 30, 1943.
Almost without exception, the smaller
the size of the account for unincorporated businesses, farmers, and other individuals, the larger the percentage increase over the year (table 3). Whereas
the smallest accounts which remained in
existence throughout the period (those
with balances under $100 as of June 30,
1942) increased by close to 500 percent
for employees, professional men, etc., 850
percent for farmers, and 1350 percent for
unincorporated businesses, at the other
end of the scale the percentage increases
were strikingly smaller.
Thus accounts with balances over $25,000 showed an increase of less than 5 percent for employees, professional men,
etc., a decrease of 5 percent for unincorporated businesses, and a substantial
decrease for farmers which, however, is
not statistically meaningful in view of
the very small sample involved.
Accounts with intermediate balances
from $500 to $1,000 increased somewhat
over 60 percent for employees, professional men, etc., close to 85 percent for
farmers, and 150 percent for unincorporated businesses. Quite generally, the
percentage increases in demand deposits
were higher for entrepreneurs than for
farmers and higher for farmers than for
other individuals.
19
Table 5 shows the contribution which
each size group of accounts made to the
total change in demand deposits of unincorporated businesses, farmers, and other
individuals during the year ending June
30, 1943. While closed accounts are
grouped together with continuous accounts in table 5, new accounts are
shown separately. Strictly speaking, of
course, part of such new accounts are
simply offsets to closed accounts.
For the sample data weighted by size
of bank, accounts with balances under
$1,000 as of June 30, 1942, accounted for
39 percent of the total increase over the
year, with unincorporated businesses and
other individuals each claiming somewhat over 16 percent. New accounts
made up another 21 percent of the total
increase, with other individuals accounting for 12 percent. Of these figures over
one-fourth and one-third, respectively,
were attributable to new accounts with
balances under $1,000 as of June 30, 1943.
In view of the incomplete nature of the
adjustment for small banks and, consequently, for small accounts in the sample
data weighted by size of bank, it is of
interest to note that for those banks
sampled with demand deposits less than
$5,000,000, accounts with balances under
$1,000 as of June 30, 1942, accounted for
46 percent of the total increase in individuals' demand deposits over the year while
new accounts made up another 20 percent.
Adjusting somewhat the sample data
weighted by size of bank, it appears that
for the country as a whole accounts with
balances under $1,000 as of June 30, 1942,
showed an increase of about 3.3 billion
dollars over the following year. Of this
increase unincorporated businesses and
other individuals each accounted for
about 1.4 billion dollars.
New accounts explained another 1.7
billion dollars of the increase, with other
individuals alone totalling over 900 million dollars. The relatively large accounts with balances over $1,000, as of
June 30, 1942, made up the remaining
3.0 billion dollar increase in the demand
deposits of unincorporated businesses,
farmers and other individuals for the
year ending June 30. 1943.
In terms of number of accounts, increases in demand deposits were much
more widespread among small accounts
than among large. The proportion of
accounts in existence at the beginning
and end of the period showing increases
ranged as follows: from 84 percent for
individuals' accounts with balances less
than $100 as of June 30, 1942, to 68 percent for accounts from $500 to $1,000, and
52 percent for those over $25,000.
Throughout the range, the percentage of
accounts of employees, professional men,
etc., with increases was definitely smaller
than for farmers and even less in comparison with unincorporated businesses.
The only size groups where increases
and decreases were about evenly divided
were accounts of employees, professional
men, etc., and farmers with very large
balances. It is obvious, however, that
such persons do not have the same incentive to increase their balances in noninterest-paying demand deposits as
persons with smaller accounts.
20
SURVEY OF CURRENT BUSINESS
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**cS
SUEVEY OF CURRENT BUSINESS
June 1944
Technical Notes
1. The 111 banks from which sample data
were obtained were distributed in the following manner: 27 banks had demand deposits (of individuals, partnerships, and corporations) of less than 5 million dollars as
of June 30, 1943; 58 banks had demand deposits between 5 and 100 million dollars; 22
banks were between 100 and 500 million dollars in size; and 4 banks had demand deposits
in excess of 500 million dollars.
Of the 111 banks, 30 were in communities
with a population smaller than 25,000 as of
1940; 13 were in cities with a population in
excess of 1,000,000. Geographically the 111
banks were distributed by Federal Reserve
Districts as follows: 8 in the Boston district;
12 in the New York District; 5 in the Philadelphia district; 8 in the Cleveland district;
6 in the Richmond district; 8 in the Atlanta
district; 14 in the Chicago district; 3 in the
St. Louis district; 5 in the Minneapolis district; 12 in the Kansas City district; 7 in the
Dallas district; and 23 in the San Francisco
district. Of the 27 banks with demand deposits under 5 million dollars, 3 were in the
Boston district, 2 in the New York district; 1
in the Cleveland district; 3 in the Richmond
district; 2 in the Atlanta district; 5 in the
Chicago district; 1 in the St. Louis district;
2 in the Minneapolis district; 5 in the Kansas
City district, and 3 in the San Francisco district. Of the 4 banks with demand deposits
over 500 million dollars, 2 were in the New
York district; 1 in the Chicago district, and 1
in the San Francisco district.
2. Within banks the general sampling procedure was to select at "random 100 accounts
from those open as of June 30, 1943, and another 100 accounts from those open as of
June 30, 1942. The balances as of June 30,
1942 and June 30, 1943 were then transcribed
for all 200 accounts. If an account was not
open as of June 30, 1942 for the first 100
accounts or June 30, 1943, for the second 100,
that fact was noted.
The occupation or type of business of the
owner of each account was normally obtained
either from bank records or bank officials.
Though the checking accounts sampled included the demand deposits of individuals,
partnerships and corporations, corporate accounts were excluded from the analysis.
It should be noted that under this sampling procedure the number and amount of
opened and closed accounts are not directly
comparable with continuous accounts. To
make them comparable, the opened accounts
in the sample were multiplied by the total
number of continuous accounts, including
those selected at the beginning and end of
the period, and divided by the number of
continuous accounts selected as of June 30,
1943.
A similar adjustment was made for
closed accounts. These sample results were
checked against data on the total number
of accounts as of June 30, 1942 and June 30,
1943, which were supplied by most of the reporting banks.
3. To weight the sample results by size,
the banks v;e:-e nrjt classified into four
groups according tc the size of their demand
deposits (of individuals, partnerships and
corporations) ar of June 30, 1943 (see Technical Note 1 for the break-down). Weights
were then computed on two bases, both of
which involved the addition of estimated
trade (as contrasted to personal) deposits
of unincorpo: --ted businesses to the Federal
Reserve Eooivl? recent estimates of personal
deposits distributed by br-nk size.
In the fir-, rvt of estimates, the board's
ei't'mo<cs c bi.;uii-3ss deposits by industry
v id b-uik -Ase n^-.d the Securities and Excii:»rr'C C 'Tri i)is~ion's es imate of corporate
d e p o t s by Industry were used to obtain
l o v h e<imates of trade deposits cf unincorporated business. This was done on the
assumption that within any industry group
TUP picpoition of business deposits that were
unincorpoiated remained the same for all
Larl: ?izec.
3n ibe second set of estimates, trade deposits of unincorporated business were derived from the board's estimates of personal
deposits
distributed by bank size. In this
case, it was assumed that the relationship
between the trade deposits of unincorporated
businesses and personal deposits within each
bank size was the same for our sample as for
the universe.
The weights actually used were a simple
average of the results of these two methods.
As of June 30, 1943, the weights were 42
percent for banks with demand deposits
under 5 million dollars; 33 percent for banks
with demand deposits from 5 to 100 million
dollars; 12 percent for banks with demand
deposits from 100 to 500 million dollars, and
13 percent for banks with demand deposits
over 500 million dollars. The corresponding
weights for June 30, 1942, were 39 percent,
31 percent, 13 percent, and 17 percent.
To weight the results by geographical location, each bank was classified by Federal
Reserve district and a procedure followed
parallel to that described above. As of June
30, 1943, the weights were 6 percent for banks
in the Boston district; 22 percent in the New
York district; 6 percent in the Philadelphia
district; 7 percent in the Cleveland district;
6 percent in the Richmond district; 6 percent
in the Atlanta district; 14 percent in the
Chicago district; 5 percent in the St. Louis
district; 3 percent in the Minneapolis district; 6 percent in the Kansas City district;
7 percent in the Dallas district; and 12 percent in the San Francisco district.
4. The estimate of individuals' demand
deposits as of June 30, 1943, amounting to
24.0 billion dollars, was obtained by subtracting the following items from the over-all
Comptroller of the Currency figure of 554
billion dollars for total demand deposits of
individuals, partnerships, and corporations
and certified and officers' checks: An estimate
of corporate demand deposits, amounting to
21.8 billion dollars, based on Securities and
Exchange Commission data; the Federal Reserve Board estimate of demand deposits of
trust funds, institutions and foreigners
amounting to close to 4.0 billion dollars, and
an estimate of the necessary float adjustment, amounting to approximately 5.5 billion
dollars.
The estimate of corporate demand deposits
included 300 million dollars of estimated deposits for Government corporations, savings
and loan associations, etc.; allows for an
understatement of 300 million dollars in corporate cash and deposits reported in Statistics of Income, totally apart from the usual
adjustment for corporations not submitting
balance sheets; and assumes that currency
and time deposits amounted to 1.2 billion
dollars for corporations excluding saving and
loan associations.
The float adjustment is quite rough and
is based on the total items in process of
collection between banks, as reported by the
Federal
Deposit Insurance
Corporation,
amounting to 3.5 billion dollars. Government float between banks is believed to have
been not much over 250 million dollars, so
that the residual items in process of collection amounted to somewhat less than 3.25
billion dollars.
No data are available as yet on checks in
transit between payer and payee, but there
is some reason to suppose that they are approximately of the same magnitude as items
in process of collection between banks. This
supposition is based on the theory that it
takes about the same time for a check to
clear between the pax^er and payee as between
their banks. However, not all checks in
transit between payer and payee should be
deducted, specifically where the payee is an
individual (or partnership).
It; has been assumed that in the neighborhood of one-third of non-Government float
between payer and payee is of this type.
Consequently, it is estimated that the necessary deduction for checks in transit between
payer and payee is somewhat over 2 billion
dollars. The total necessary float adjustment is, therefore, close to 5.5 billion dollars.
It should be noted that in arriving at the
above estimate it has been assumed that individuals (and partnerships) are the payees
in about the same proportion of certified and
officers' checks as in other checks.
21
The adjustment for the level of float seems
to be reasonable but is admittedly tenuous.
Furthermore, the application of the percentage distribution of deposits, shown in the
survey, to the above estimate of individuals'
total demand deposits, adjusted for float,
is not strictly accurate since the sample data
reflect float and there is no assurance that
the different, groups of individuals are affected proportionately in the same manner.
Fortunately float is a less important factor
in the estimation of changes in demand deposits which enter the Securities Exchange
Commission's estimates of saving than in the
estimation of the level of demand deposits.
However, the Commission is currently attempting to obtain more adequate data on
float.
5. It should be noted that the distribution
of demand deposits by type of individual as
of June 30, 1943, indicated in this survey,
serves to explain most of the difference between the Federal Reserve Board estimates
of personal and business demand deposits,
and the estimates of individual and corporate demand deposits implicit in the Securities and Exchange Commission's saving
figures.
Adding 2.2 billion dollars of personal deposits of unincorporated businesses, 2.0 billion dollars of farmer deposits, and 11.0
billion dollars of other individuals' deposits,
and deducting an estimated 500 million dollars of trade accounts of professional persons,
gives 14.7 billion dollars for personal demand
deposits as of June 30, 1943. This figure
would have to be raised by roughly 800 million dollars to a total of 15.5 billion dollars
to reflect the increase during the month of
July. This may be compared with the 16.4
billion dollar estimate of personal deposits
as of July 31, 1943, by the Board appearing
in the Federal Reserve Bulletin for May 1944.
The difference in the treatment of float
probably explains part of the remaining
disparity between these two estimates though
it is difficult to tell how important float is
in this instance since there are several components working in opposite directions.
The agreement between the Board's over-all
estimates of personal and business demand
deposits and the comparable Commission's
figures is, therefore, quite good. Even more
noteworthy, however, is the closeness of the
reconciliation between the Board's revised
estimates of business demand deposits for
the various industrial groups, roughly adjusted for float, and the results which are
obtained by adding the Commission's estimates of corporate demand deposits for these
industries to the estimates of business demand deposits held by entrepreneurs, as
obtained from this survey.
6. The 8.0 billion dollar estimate of the
increase in individuals' demand deposits for
the country as a whole was obtained in the
following manner: To the increase in adjusted demand deposits, amounting to 13.55
billion dollars, there was added the decrease
of 150 million dollars in foreigners' deposits.
Prom this total, there was subtracted the
estimated increase in corporate deposits
amounting to 5.13 billion dollars (assuming
no change in the sum of corporate currency
and time deposits); and the estimated increases in checks in transit, where the payee
is not an individual, amounting to twothirds of the items in process of collection
or 570 million dollars.
7. The changes in demand deposits indicated in this survey agree fairly well with the
deposit figures collected by the Federal Reserve Board after appropriate adjustments are
made. Adding 900 million dollars, representing the increase in purely personal accounts
of owners of unincorporated businesses, to
the 3.5 billion dollar increase in demand deposits of farmers and other individuals, and
deducting an estimated 200 million dollars
for the increase in trade accounts of professional persons, gives 4.2 billion dollars for the
increase in personal demand deposits during
the year ended June 30, 1943.
This may be compared with the board's
latest estimate of approximately 4.5 to 6.0
22
SUKVEY OF CURRENT BUSINESS
liquidation of inventories and receivables
net of retirement of notes and accounts
payable amounted to less than 1.0 billion
dollars. Deferred repairs and replacements,
it is believed, were considerably under 1.0
billion dollars.
These decreases in assets were offset in considerable part, and probably more than compensated, by increases in such other assets as
Government securities, currency, savings accounts, etc. Finally, some part of the increase in demand deposits may have reflected
an increase in tax liabilities, but any such
increase in tax liabilities was more than canceled by the Current Tax Payment Act of
1943.
increase simply reflected changes in the composition of assets and liabilities. However,
it is estimated that about 900 million dollars
of the increase took place in purely personal
accounts which presumably reflected profits
for the most part.
To determine how much more of the 4.5
billion dollar figure was attributable to
profits, it would be necessary to estimate such
items as increases in Government securities,
currency, saving accounts, etc., on the one
hand and the liquidation of inventories and
receivables, the amount of deferred repairs
and replacements, etc., on the other hand.
Though estimates of any of these items
must be very rough, it is believed that the
billion dollars for the period from January
1, 1942 to July 31, 1943. The board's estimate, however, covers the first half of 1942
and July 1943, in addition to the period included in this survey. For comparative purposes, therefore, there must be subtracted
from the board's figure the estimated increase in personal deposits of somewhat over
1.0 billion dollars during the first half of
1942 and July 1943, based on a total increase
in individuals' demand deposits amounting
to more than 2.0 billion dollars.
8. It is not known how much of the 4.5
billion dollar increase in the demand deposits
of owners of unincorporated businesses actually represented profits, since part of this
June 1944
New or Revised Series
Table 3.—-Department Store Sales—-Revised Iadexes, Richmond Federal Reserve District
[1935-39=100]
1923
1924
1925
1927 I 1928 1929
1926
1930 1931
1932
1933 ! 1934 1935
1930 I 1937 1938 1939
1940 I 1941
1942 1943
Month
Without adjustment for seasonal variation
January
February
March
April
May
June.
July
August
September
October
November
December
Monthly average
65
65
79
97
103
145
70
69
79
93
85
87
63
61
85
96
104
153
66
73
87
94
89
86
69
68
83
111
113
164
74
75
93
93
98
89
69
75
87
109
116
173
75
75
85
97
96
88
69
78
88
105
113
167
74 '
75
92
92
94
85
71
70 i
94
107
116
171
72
75
103
90
95
91
68
69
96
109
112
176
70
77
86
101
97
88
64
66
86
111
104
161
65
71
92
92
91
87
62
61
79
95
91
145
55
59
73
69
73
65
44
46
71
78
75
111
47
48
53
68
69
63
46
57
71
84
80
130
85
87
92
96
95
95 I
96
93
86
68
68
57
62
79
87
85
82
62
66
93
104
102
167
62
65
87
94
102
93
76
73
100
119
118
187
71
77
106
98
108
102
73
78
113
123
114
194
73
76
92
101
97
93
71
76
109
119
114
191
73
77
101
104
110
101
75
84
116
127
130
209
77
83
111
105
119
110
84
97
137
140
145
235
90
98
121
143
141
130
107
134
159
161
178
268
128
126
164
159
152
140
124
144
182
200
220
306
136
176
166
190
181
177
141
155
208
212
252
332
81 ! 87
98
105
101
109
120
144
170
194
89
89
90
96
99
97
109
97
96
101
105
101
103
104
104
105
106
107
103
102
108
105
101
105
106
103
101
99
96
99
100
98
103
103
101
103
105
104
105
107
109
110
106
105
109
111
114
114
109
111
110
114
118
120
118
120
128
124
126
129
124
130
134
139
140
144
152
163
147
144
153
150
174
165
171
164
152
155
177
174
169
179
187
173
186
231
184
186
182
197
200
187
193
191
215
187
54
57
83
75
85
75
55
63
80
97
94
153
Adjusted for seasonal variation
January...
February..
March
April
May
June _
July
August
September
October...
November
December,
79
77
86
83
86
89
88
89
84
87
85
84
89
85
89
85
86
91
86
84
91
86
86
88
85
90
92
92
90
90
94
92
89
96
94
94
95
93
99
92
97
96
94
97
93
96
97
97
97
95
96
91
95
95
94
100
93
93
95
94
96
95
95
92
93
92
98
95
98
93
97
96
95
95
100
94
94
98
95
95
100
94
95
98
94
97
94
95
95
92
91
91
88
95
90
89
89
91
95
92
89
90
89
83
80
81
80
81
77
77
71
73
71
68
64
62
70
66
66
62
66
63
58
65
67
66
66
75
70
73
76
76
82
80
82
79
80
83
78
82
83
85
82
84
87
84
83
86
88
88
90
88
90
91
1
Revised series compiled by the Federal Reserve Bank of Richmond. The index is based on reports from a sample group of stores, varying in number from 28 in 1923 to 80 in 1940-42
and currently covering 78 stores; it is constructed by the chain method. The present revision included the incorporation for 1935 through 1940 of data for 17 mail-order department
stores which had been included for later years. The district index is a composite of indexes for each state in the district and the District of Columbia. Sales of each State are reduced
to a daily average, bpsed on working days which allow for Sundays and the holidays commonly observed in the various States and also includes a special allowance for the importance
of Saturday as a trading day. Each State index is adjusted to trends shown by the censuses of 1929 and 1939 and the indexes combined into a district index by weights based on the
1939 census. In the former index the weights were based on the censuses of 1929,1933, and 1935, and the 1937 sample census, and the indexes were adjusted to these censuses. Seasonal
adjustment factors are computed by the method described in the Federal Reserve Bulletin for June 1941. Special adjustment is made in the March and April factors for all States
except South Carolina, to allow for the changing date of Easter.
For 1944 data see p. S-8.
Table 4.—Foreign Trade of t h e United States: Revisions for 1941 and 1942
[Thousands of dollars]
i
January February
March
April
May
354,717
June
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
Total
Monthly average
1941
Exports, total including reexports
Exports of U. S. merchandise
General imports
Imports for consumption
324, 864
303,118
356, 750
387,219 '
317,471
228,665
223, 624
297, 977
233,698
210, 663
349. 963
267; 788
254, 557
376. 435
287,408 I 296, 981
281,396
274,572
323,691
279, 509
261,063
355, 217
277, 552
274.391
481, 403
479,993 I 627,603 | 716,774 I 535,194
648, 222
649,926
475, 205
253, 546
256,046
476, 327
253, 609
239, 592
642, 830
215,290
200,226
645.009
213.362
209' 248
377,952
329,
765
364,
9S2
400,226 |
424,572
666,376
491,819
652,
743
5,147,154
442, 286
282, 491
273,825
413,425
262, 421
264,947
647,462
304,120
292,296
481, 631
280,538
276,237
636, 367
343, 776
338,383
5,019,877
3, 345, 005
3,221,954
;
428,930
418. 323
278.752
268, 496
1942
Exports, total including reex- I
ports
I
Exports of IT. S. merchandise
General imports
Imports for consumption
731,995 | 801,479 | 786,792
872,879 | 8,035.416
009,618
864, 584
358, 301
407,144
603, 295
228. 501
230.535
i
621, 573
272,190
252,029
709,076
529, 243
234,870
190,800
223,004 | 186, 5S0
1
Compiled by the U. S. Department of Commerce, Bureau of the Census.
090, 244
186,333
184. 820
725, 878
196,061
196, 785
793,718
199,694
223, 409
779, 852
168,037
186, 942
7, 959, 539
2,742,014
2, 766, 425
23
SURVEY OF CURRENT BUSINESS
June 1944
Table 5.—Total Construction Activity in Continental United States, 1938-43 x
[Millions of dollars]
Function and ownership
1942
Function and ownership
1943
1941
1942
Total new, work relief, and maintenance.-[ 9, 272 j 10, 315 11,291 114,891 i 17, 379 ! 11,650 | New construction—Continued.
Public construction—Continued.
Highways
5.254 I 6,302 7,295. 10,837 j 13, 586 7,868 !
837
836
664
State5..
521
3,162 I 3, 891 4,551 5,484 i 2,903
1,643 !:
490
547
538
412
809
County
130
1,767 ! 2,407 2,659 3,091 i 1,471
171
165
162
144
Municipal
186
208
184
136
108
89
184 |
Sewage disposal
982 1,306 ! 527 !
82
67
683 I 732
48
39
90
Water supply
423
678 j 315 !
117 !i
80
127
183 I 227
120
100
299
296
334
388 ! 107 !
27 1!
Conservation and development
325
318
350
360
276 i
67
47
Bureau of Reclamation
86
57
58 ! 2 7 i
6 !
48
83
65
157
33
Army Engineers
163
52 I
44 ! 14 i
6 !i
159
149
40 |
31
83
38
62 !
32
5 !|
Tennessee Valley Authority
66 i 26 i
83 j
82
129
44
30
38
34
io j;
Other construction and development
47
43 S 19 i
26
17
34,
15
22
All other Federal
14
27
21
13 !'
19 !
29 I
19 !
Miscellaneous non-Federal
public
16
20
147 j
94
service enterprises 6
70
220
226
246
300 ! 195 ;
91
95
63
1,202 1,032
64 | Work relief
130
805
146
176 ! 114 I
627
291
125 ;
Maintenance
2,
816
3,191
96
124
I
81
!
83
2,981
3,427
3,502
100
95 |
Buildings (nonfarm)
526
787 | 710 i
503 !
1, 225 1,219 1,264 1,384 1,461
664
492 !
Residential
138
187
197
217 j
800
792
816
896
927
167
119 |
54
12 |
14 I
425
427
30
Nonresiden tial
.__
448
51
488
534
41
40
|
35
60
80
Farm
270
295
330
30
21
400
255
162
248
199 j
Residential
110
125
121 !
225
140
125
86
172
44
84
50 |
Nonresidential
160
70
170
190
47
275
169
89
56 ;
665
117
173
Public utility
711
727
150 !
88
843 1,039
427
4
4
5
Railroad
474
485
4
588
777
5!
5 I
Street railway
59
60
55
2,092 2,411 2,744 5,353 10,683 | 6,225 I
50
42
479
14
12
35
205
Pipe line
13
76
600 i
14
14
685 I
62
Electric light and power
75
119
510 1,756 5,060 I 2,423 i
74
78
84
90
571
762
497 1,667 3,742 ! 2, 111 j
Gas____
21
20
20
21
20
14
144 1,400 3,571 1 2,006 j
59
59
14
Telephone
65
75
81
9 I
11
21
28
33
24
Telegraph
.
11
11
12
34
535
162
52
30 '•
io!
Highways
.
629
126
98
737
663
607
388
State
227
282
130
131
86 I
36 ;
246
243
252
224
43
17
9 ••
County
170
246
351
40
16
6 !
261
245
108
29 i
Municipal
119
79 i
29
45 I
156
143
55
150
138
Sewage disposal
17
18
19
17
17
I
8 I
19
15
Water supply
62
64
6'
61
61
20
61
9
118
Rivers and harbors
43
48
53
58
59
34 :
New construction
Total private
Residential (nonfarm)*
Nonresidential building, except farm
and public utility
Industrial
Commercial
Religious
Educational
Social and recreational
Hospital and institutional
Miscellaneous nonresidential building
Farm construction.
Residential
Nonresidential
Public utility construction
Railroad
Street railway
Pipe line___
Electric light and power
Gas
Telephone
Telegraph
Total public...
!
Residential
!
Military and naval 3 i
Nonresidential
building
Industrial 4
Commercial
Public administration
Educational
Social and recreational
Hospital and institutional
Miscellaneous nonresidential building
Pipe line..
1939
1940
Total new construction
Total private
Residential building (nonfarm) 2
Nonresidential building, except farm
and public utility
Industrial
Farm construction
Public utility
Total public
Residential
Military and naval 3 *
Nonresidential
building
Industrial 4
Highway 5
Allother
| Monthly;
! average
III
IV
1,343
770
502
1,594
977
621
1,771
1,127
665
1,594
1,017
619
525
324
142
35
23
103
573
5
17
283
4
129
139
171
54
68
117
617
13
24
225
3
209
146
208
65
101
153
644
23
33
144
3
292
152
211
73
34
153
577
35
45
110
4
239
148
61
19
19
44
201
201 I
j
!
I
!
I
6 j
10 j
63 i
1 !
72
49
II
1,281
846
481
175
68
25
165
435
31
47
101
11
91
165
III
1,725
1,125 !
664 I
230
96
74
157
600
53
52
92
9
240
163
IV
Monthly7
average
II
III
IV
Total new construction
Total private
Residential building (nonfarm) 2__
Nonresidential building, except
farm and public utility
Industrial
Farm construction
_
Public utility
Total public
Residential
Military and naval 3 4
Nonresidential
building
Industrial i
Highway 6
All other
800
322
177
279
148
79
42
5
61
478
34
151
184
162
39
70
61
30
7
63
530
33
173
231
210
35
58
Mar.
Apr.
933
280
153
1,059
299
174
50
23
10
43
19
17
65
760
41
349
256
237
57
67 I
653
38
276
240
220
42
57
May
! June
1,152
299
169
40
20
25
65
853
43;
383 !
306
289 I
70
51 !
1,243
270
133
41
24
33
63
973
46
479
327
311
70
51
1
Estimates compiled by the U. S. Department of Commerce, Bureau of Foreign and
Domestic Commerce, except as noted. This table presents revisions of annual data for
1933 to 1942, published on p. 32 of the June 1943 Survey and of the monthly data for
new construction published regularly on p. S-4. Figures for 1929-37 on p. 32 of the June
1943 Survey are correct, except as follows: Total construction—1933, 4,305; 1934, 5,570;
1935, 6,057; 1936, 8,732; 1937, 9,202. New construction—1936, 4,907; 1937, 5,549. Total
public—1936, 2,177; 1937, 2,042. Conservation and development—1936, 339; 1937, 310;
Bureau of Reclamation—1936, 56; 1937, 60. Maintenance—1933, 1,775; 1934, 2,027; 1935,
2,294; 1936, 2,695; 1937, 2,878. Public utility—1933, 500; 1934, 558; 1935, 603; 1936, 690;
1937, 743. Electric light and power—1933, 42; 1934, 44; 1935, 54; 1936, 63; 1937, 75. Approximately comparable data (except for farm construction) for 1915 to 1928 are available in "Construction Activity in the United States, 1915-1937," Domestic Commerce
Series No. 99. Farm maintenance construction is included with new construction as
published in that volume; there have also been revisions in the data beginning 1929 so
hat the combined totals for farm construction beginning 1929 are not comparable with
July
379
222
2,068
1,070
559
2,588
1,385
799
3,183
1,641
971
2,998
1,388
762
903
457
258
265
100
110
163
757
61
60
145
51
332
159
312
159
37
179
952
60
351
159
73
233
149
82
35
20
55
229
17
43
41
12
75
53
327
188
30
154
998
75
445
236
165
100
142
318
156
90
178
1,203
118
313
399
336
225
148
327
146
135
208
1,542
158
436
491
423
300
157
334
188
45
247
1,610
128
562
541
476
211
168
109
57
25
66
446
40
146
139
117
70
51
1943
Aug.
Sept.
1, 412
1, 476 1,412
232
215
211
102 I 91
90
41 !
28 I
27 I
62 I
1,180 I
48 !
636 i
372 I
358 I
75 i
49;
Monthly7
average
2,209
1,257
729
1942
Feb.
42
30
3,752
1,453
907
546
222
77
145
1,372
1,080
56
14
100
21
86
15
563
224
213
126
17
65
60
2,080
1,323
785
Function and ownership
Jan.
457
283
114
60
32
70
274
48
140
76
10
13
1941
Function and ownership
II
1943
41 I
41
30 j
31
22 I
19
61
61
1,261
1,201
56
71
668
612
417
403
406
393
71
65
49 I
50
Monthly
average
Monthl
average*
Oct.
sTov.
1,273
197
1,124
168
79
893
131
67
1,132
242
123
842
115
54
762
107
45
656
137
67
37
29
15
57
1,076
66
508
390
381
63
49
31
23
10
48
956
61
483
330
323
47
35
22
16
5
37
762
63
342
286
281
30
41
44
26
16
59
890
50
422
312
298
55
51
17
11
5
39
727
55
304
295
288
27
46
15
10
7
40
655
53
271
266
259
26
39
15
10
12
42
519
57
202
176
167
38
Dec.
Jan.
Feb.
earlier
data.
2
Estimates of new private nonfarm residential construction prepared by the Bureau
of 3Labor Statistics.
Includes cantonments, aeronautical facilities, navy yards and docks, army and navy
hospitals,
etc.
i
Since 1941 based on data prepared by the Construction Research Section of the
Bureau
of Planning and Statistics of the War Production Board.
5
Includes Federal flight strips not under military and naval, amounting to 1 million
dollars
in 1942 and 6 million dollars in 1943.
6
Includes construction expenditures for such municipal enterprises as electric light and
power plants, street railways and other transit systems, gas systems, ports, docks har
bors,
ferries, airports, terminals, etc.
7
Based on quarterly data.
8
Average for the entire year; for data beginning March, see p. S-4.
24
SURVEY OF CURRENT BUSINESS
June 1944
Table 6.—Nonferrous Metals l
[Aluminum and magnesium production in millions of pounds; copper, lead, and zinc statistics in short tons]
Aluminum
production
Copper
Production
Year and month
•*
Pri- Secondary
mary
reingot covery
Mine or Refinery
smelter
Deliveries,
refined,
domestic
Magnesium
production
Lead
Stock?,
refined,
end of
month
Refined
Ore re- j
ceipts, I
lead !
Production
content '
Shipof do- !
From
rr.estic ;
ments
domesore I Total
tic ore
Slab zinc
Shipments
SecondPriPromary I rary
e - duction
ingot I covery
Stocks,
end of
month
Stocks
end of
Total
Domes- month 2
tic
1942
64.5
60.2
68.8
70.0
74.4
79.0
90.0
97.9
99.1
108.3
110.0
120.0
January
February
March
April
May
June
July
August
September..
October..
November
December
1,042. 2
Total
Monthly average _
17.3
21.9
25.2
30.0
30.0
31.2
33.7
33.9
34.6
37.4
37.4
37.8
88, 254
80,148
92,106
94.295
101,469
103. 505
96, 092
99,978
94, 747
98, 681
101,824
101,245
90,017
81,724
89, 552
90, 672
98,632
91, 495
99, 262
97,103
93,423
99, 672
98, 947
105, 209
43,224
130,467 i 81.371
107,016 i 77, 329
41,828
79,537
110,462 i
43,397
83, 789
106,101
43,171
77,383 i 42,437
134,051
62,410 ; 42, 775
140,577
60.438
147,356
41,815
62,908 ! 40, 238
143,843
64,827 i 36,782
143,612
63,770 ! 38, 648
157,272
58,546 ! 37, 565
148,976
65.309 ; 39. 796
165,503
370.4 i 1,152,344 1 135,708 11,635,256
30.9
.
i
I
j
j
53,385 ;
50,230
59,928 I
58,950 ]
51.213 ;
44,939 I
45,469
54,204l
53,002 |
54,870 j
54.075 !
53,553
491,676 j 633,818
43.545
40,336 ;
50,736 i
45,616
47,349 j
34,934 ;
38.813 :
40,561
42.134 I
48,201 !
46,723 j
50,278 S
53.037 i
45,920 I
57,590 I
54,726 !
52,874 i
47,179 !
44,966
56,251 I
50,110 |
51.038 |
51,045 |
54,211 |
20,531 i o.o;
24,830 j
27,160 I
5.0 i
31,374
5.3
29,707 i
27,459 j 5.3
27,948 i 6.6
6.9
25,886
28,761 1 8.2
32,580 ! 11.7
35,602 j 15.9
34,937 ! 18.2
529,226 | 618,947 [
98.0
96,029 j 94,642 ! 136,270
69,801
40,973 | 52,818
44,102 ! 51,579 \ 28,898
97,068
98,203
105,172
97,146
99,103
102,126
105, 589
100,077
98, 333
97,274
102.136
104,644
54, 756
53,539
66,189
65,829
58,899
55, 707
55,097
53,726
45. 844
47.148
52. 027
52, 121
35, 689
40,199
40, 232
40,265
36, 833
37,287
35,609
38, 402
37, 827
39,159
38,256
38, 695
40,575 ,
3li. S00
40. 363
3-. 23S
37, W>
:i4, 9*>3
42, 1 M
41.2:^9
12, --06
42. ,".25
41.41*
47, 451
0.3
79,417
.4 i 73,579
79,187
.5
.6
77.170
79, 545
75,124
'.6
76,441
.6
77, 002
1.0
74,285
1.0
77,990
.8
.7
77.171
.9
82, 859
79, 548
74, 888
80,111
76,313
83, 657
66, 017
71,409
72, 936
60, 890
72,632
67,327
79,840 '
7.9 929, 770
;85,568
8.2
67,382
60,070
61,612
63, 955
67,311
56, 892
59,250
57, 822
51,461
61, 263
57,481
69,419
23. 935
22, 626
21, 702
22, 559
18, 447
27, 554
32, 586
36, 652
50,047
55, 405
65, 249
3
68, 268
733,918 !..
77, 481
73,797 ; 61,160 j 37,086
1943
January
February
March
April
May
June
July
August
September
October
November
December
Total
121.3
111.2
129.2
133. 6
145.7
148.3
156.9
162. 7
172.8
188.1
182.7
187.2
«.-
37.1
36.9
40.5
41.2
41.1
42.9
37.9
43.2
46.4
51.0
54.4
i 48.4
97, 590
92, 707
102,329
99, 300
105,227
100,313
100,456
97,413
98, 867
102, 589
99, 340
98, 568
136,007
132,459
146, 488
150,451
137, 739
138, 713
129,631
147,135
141,111
129,212
138,881
115,850
j 1,839. 8 ; 521.0 1,194,699 1,206,871 1,643,677
M o n t h l y average,|
153.3
43.4 j
99,558 j 100,573 j 136,973 \ 54,907
44,403
46, 418
46. 3'H)
41,134
43, 5»>4
11, 317
1."), 406
41,477
44, v>7
43, S ^
50, U S
54,247
45,184 j
42,456
4(>.4S1 ;
47.035
49,031 !
44,007 j
42,007 I
10,202 S
13,825 ;
45,95*', I
49,54S
49.135
34,146
38,132
35,095
29,186
23, 739
20, 438
23,921
28,189
29,184
27,104
27, 996
33,090
20.7
21.4
26.1
27 2
30.'3
30.2
33.3
34.4
32.5
36.1
36.8
39.2
1.1
1.2
1.5
1.7
1.7
1.6
1.7
2.1
2.5
2.7
2.7
2.2
83, 870
76, 667
83,787
81,057
82,399
78,865
80,249
79,736
79, 361
83,066
79,834
83,165
77,221
74, 762
76,033
78, 781
79,426
74,191
70.778
71,810
69,160
71, 946
75, 508
68, 232
i 368.2
22.7
972,056
887,848
81, 005
73,987
84,066
79,894
86,037
80,405 !
63,637 | 60,489 I 194,095
62,696 I 61,238 ! 211,293
84,443
83,116 212,887
74,694
74,694 218,598
456, 991
M6,673
4«j->, 351
38,083
45, 556
41,029
45, 701
29,185 ! 30.7
37,738
37,155
38,894
35,951
49, 768
48,302
55, 324
50, 154
47,672
41,591
47,204
46,258
51,367
55, 449
44, 690
37, 590
34, 518
34.379
39,830 : .
66,925 :3 96,107
66,552 ! 98,012
66,111 105, 766
73,131 : 108,042
75,225 111,015
68,271 115,689
67, 549 125,160
68, 953 133,086
68,180 143, 287
69, 845 154, 407
73,739 158, 733
67,159 173,666
831,640
69,303 | 126,914
1944
January
February
March
April
! 169.6 I
I 148.8 1
_ __
!
!
'
48.3 j 95,424 l
4 7 . 4 ! 95,713
! 101,289
I 92,037 •
92,781
87,128'
99,118 :
95,280
101,779
45,800
124,532: 36,489
156,083
37,259
155,877 : 38,382
42. 0 !
40. 9 !
41.
o:
2 1
2. 7
3. 5
1
Copper, lead, and zinc statistics are from the Copper Institute, the American Bureau of J\ fetal Statistics, and the Zinc Institute, respectively, and continue statistics from these
agencies published on p p . 142-4 of the 1942 Supplement to the Survey (sec notes in the Supplement for descriptive data). Publication of these data was suspended from June 1942
until the close of 1943; they will be shown regularly hereafter in the nonferrous metals section on p . S-31. The Zinc Institute's membership includes some secondary producers and
data do not therefore relate entirely to production at primary smelters as previously indicated in the Survey.
Data on aluminum and magnesium are new series from the War Production Board. These data cover total domestic production of primary magnesium metal (adjusted to a pure
ingot equivalent) and of primary aluminum from both domestic and foreign ores, and the total addition to supply from scrap exclusive of recovery from "run-a-round" scrap generated
in foundries and wrought products mills.
2
Includes producers' and Government stocks at smelters. Stock figures were revised at the beginning of 1943 to include some stocks previously unreported; this revision accounts
for a large part of the increase in stocks from December 1942 to January K'4'i as shown above. The December 1942 figure comparable with later data is 89,458.
3 Sec note 2.
4
Includes annual revision not allocated m o n t h l y .
SURVEY OF CURRENT BUSINESS
.lime 1944
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SUKVEY OF CURRENT BUSINESS. That
volume contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it
also provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where
historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer
to adjustment of monthly figures for seasonal variation.
Data subsequent to April for selected series will be found in the Weekly Supplement to the Survey
Monthly s t a t i s t i c s t h r o u g h December
1941, t o g e t h e r w i t h explanatory n o t e s
a n d references t o t h e sources of t h e
d a t a , m a y be found i n t h e 1942 S u p p l e m e n t t o t h e Survey
1944
April
1943
March
April
May
June
July
August
1944
September
October
November
December
January
February
226.4
252.7
221.6
12, 426
' 231. 1
' 256.8
' 225. 3
12,114
' 230.2
' 254.0
' 224. 9
• 12, 871
4,018
0
79
9,026
4,009
0
79
'8,980
3, 963
0
79
March
BUSINESS INDEXES
INCOME PAYMENTS f
Indexes, adjusted:
Total income payments
1935-39=100..
Salaries and wages
do
Total nonagricultural income
do
Total
mil. of dol..
Salaries and wages:
Total §
do
Commodity-producing industries.do
Work-relief wages
do
Direct and other relief
do
Social-security benefits and other labor income
mil. of doLDividends and interest
do
Entrepreneurial income and net rents and
royalties
mil. of doL.
Total nonagricultural income.
___do
229. 6
252.9
223.9
12,489
206.0
226.9
199.5
11, 404
208.3
230.0
201.9
11, 395
209.3
232.1
203.4
11, 252
212.1
236.0
206.8
12, 271
213.4
238.1
208.6
11, 846
215.2
239.6
209.6
11, 681
215.2
241.3
210.9
12, 452
217.5
243. 9
213.3
12, 690
220.8
247.2
216.6
12,311
222.9
249.8
218.7
13, 398
8,966
3,925
0
78
8,042
3,792
11
78
8,198
3,884
7
77
8,300
3,943
4
76
8,461
3,986
2
77
8,399
4,024
0
77
8,460
4,055
0
77
8,614
4,111
0
78
8,775
4,142
0
78
8,848
4,132
0
8,967
4,076
0
409
819
218
925
225
764
225
231
1, 350
235
873
241
465
248
984
254
823
266
505
292
1,659
314
••351
446
' 415
1,130
2,217
11,297
2,141
10, 265
2, 131
10, 253
2,165
10,056
2,152
11,080
2,262
10, 531
2,438
10,181
2,528
10, 849
2,760
10, 865
2,614
10, 685
2,401
11,995
2, 336
11,151
2,212
" 10,954
2,267
11, 658
74
115
85
137
114
71
147
121
75
156
116
66
154
132
114
145
149
161
140
158
181
140
180
217
153
153
138
164
139
126
149
135
117
149
121
87
147
'127
83
'160
v 157
140
137
141
136
128
141
139
130
147
135
117
149
136
118
150
141
126
152
131
115
143
133
122
142
137
114
154
138
122
150
143
130
152
'150
127
'167
r
156
'143
'165
v 1,472
1, 404
1,402
1,310
1,387
1,322
1,440
1,400
1,408
1,384
1,579
1,544
1,850
1,772
1,992
1,935
2,282
2, 253
2,043
2,005
1,741
1,692
1, 605
1, 536
1,421
1,343
' 1, 510
' 1,433
"211.5
v 270.5
v 282. 0
v 263.0
v 208. 5
v 308.0
v 252.0
197.0
260.5
273.0
252.5
189.0
274.0
319.5
199.0
261.0
272.0
254.0
202.0
284.0
276.5
210. 5
258.0
264.5
253.5
204.5
282.0
275.5
208.5
256.0
248.0
261.5
202.5
299.5
275.5
232.5
255.5
263.0
251.0
202.0
280.0
271.0
266.5
265.5
281.5
255.0
197.0
290.0
277.5
291.0
242.0
252.0
235.5
190.5
255.5
271.5
339. 0
249.0
271.0
234. 5
184.5
254.0
282.5
301.5
254. 5
253. 5
255. 5
183.5
297.0
285.5
254. 5
256.0
259. 5
253.5
184.0
277.5
325.0
231.0
' 260.0
278.5
' 248.0
191. 0
281.0
' 273.0
202.0
' 276. 0
271. 5
' 279.0
201. 0
333.5
' 286. 5
' 215. 5
'274.0
'276.5
' 272. 0
' 199. 5
' 322. 5
' 283.5
232
251
350
210
123
149
110
436
260
262
255
168
126
136
186
692
204
171
105
372
341
236
255
356
209
130
149
120
441
259
257
262
172
128
138
194
717
206
173
107
384
350
239
258
360
208
136
147
130
443
264
262
270
180
137
136
214
729
211
175
106
389
356
238
259
359
201
135
148
128
441
262
257
275
177
136
137
197
743
215
178
127
396
366
241
260
361
204
135
148
128
440
255
247
277
173
131
132
195
754
220
178
126
398
371
245
264
366
210
137
152
130
445
264
258
279
179
129
135
210
762
232
181
122
400
382
248
267
370
214
136
149
129
451
277
270
294
174
130
129
200
764
239
184
138
396
383
249
269
375
215
133
152
124
458
286
279
303
178
124
131
218
780
247
183
132
400
396
247
268
376
210
133
152
124
463
289
282
309
172
106
129
206
786
248
181
119
392
398
239
258
364
200
126
150
114
453
278
266
307
164
92
126
195
763
240
172
120
367
394
240
259
••367
208
121
148
107
461
285
280
297
161
70
' 121
208
••754
••244
172
111
362
405
241
259
••366
212
'122
••150
107
460
285
'280
299
' 161
67
'125
205
'747
'238
'173
115
360
406
'238
'257
'363
214
'124
' 149
'110
'452
286
281
297
' 163
68
'125
216
'734
'233
171
'128
FARM MARKETINGS AND INCOME
Farm marketings, volume:*
Indexes, unadjusted:
Total farm marketings
1935-39=100..
Crops
do
Livestock and products
..do
Indexes, adjusted:
Total farm marketings.
do
Crops
do
Livestock and products
do
Cash farm income, total, including Government payments*
mil. of doL_
Income from marketings*
do
Indexes of cash income from marketings: |
Crops and livestock, combined index:
Unadjusted
1935-39=100Adjusted
do
Crops
...do
Livestock and products
do
Dairy products
do
Meat animals...
_
do
Poultry and eggs
do
P161
v 147
P133
INDUSTRIAL PRODUCTION
(Federal Reserve)
Unadjusted, combined indexf...1935-39 = 100..
Manufacturesf
do
Durable manufactures!
do
Iron and steelt
do
Lumber and products!
do
Furnituref
do
Lumber!
do
Machinery!
do
Nonferrous metals and productsf.do
Fabricating*
do
Smelting and refining*
do
Stone, clay, and glass products!--do
Cement
do
Clay products*
do
Glass containers t
do
Transportation e q u i p m e n t !
do
Automobiles!
do
Nondurable manufactures!.._
.do
Alcoholic beverages !
do
Chemicals!
do
Industrial chemicals*
do
7
360
213
v 127
P
P
160
*>125
"V724"
P229
v 171
127
^338
P 402
P343
'402
1 Preliminary.
' Revised.
§ T h e total includes data for distributive and service industries and government which have been discontinued as separate series to avoid disclosure of military pay rolls.
*New series. For a description of the indexes of the volume of farm marketings and figures for 1929-42. see p p . 23-32 of the April 1943 Survey; indexes through 1942 were computed
by t h e Department of Commerce in cooperation with the Department of Agriculture; later data are from t h e latter agency. D a t a for 1913-42 for t h e dollar figures on cash farm income
are shown on p . 28 of the M a y 1943 Survey b u t t h e 1941-42 annual totals have been revised; revised monthly averages based on the new totals are as follows (millions of dollars): Cash
farm income, total, including Government payments—1941, 979; 1942, 1,340; income from marketings—1941, 930; 1942,1,218; the monthly figures have not as yet been adjusted to t h e
revised totals. D a t a beginning 1939 for t h e new series under industrial production are shown on p p . 18 and 19 of t h e December 1943 issue.
fRevised series. D a t a on income payments revised beginning'January 1939; for figures for 1939-43, see p . 16, table 17, of the April 1944 Survey. T h e indexes of cash income from farm
marketings have been completely revised; data beginning 1913 are shown on p . 28 of t h e M a y 1943 Survey. For revision for the indicated series on industrial production, see table 12
on p p . 18-20 of the December 1943 issue.
S-2
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
dsfta, m a y be found in the 1942 Supplement to the Survey
June 1944
SURVEY OF CURRENT BUSINESS
1944
April
1944
1943
March
April
May
June
July
August
September
October
Novem- December
ber
January
Febru- March
ary
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION—Con.
Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Continued.
Leather and productst
1935-39=100.
Leather tanning*
do___
Shoes
do_._
Manufactured food productst
do...
Dairy productst
do_._
Meatpacking
._
do...
Processed fruits and vegetables*-do-._
Paper and productst
do...
Paper and pulpt
do.._
Petroleum and coal productst
do...
Coke
do
Petroleum refiningt
do__.
Printing and publishingt-do...
Rubber productst
do._.
Textiles and productst
.do...
Cotton consumption.
.do...
Rayon deliveries
..do
Wool textile production
.do...
Tobacco products
do...
Mineralst
do___
Fuelst
do...
Anthracitet
do...
Bituminous coalt
.do...
Crude petroleum
_
do__.
Metals_.
do_._
Adjusted, combined indext
do...
Manufactures
_
do...
Durable manufactures
do...
Lumber and products
do...
Lumber
do
Nonferrous metals
do...
Stone, clay, and glass products...do...
Cement
_
do...
Clay products*
_
do...
Glass containers
.do...
Nondurable manufactures
do...
Alcoholic beverages
do...
Chemicals
_.
.do...
Leather and products
do...
Leather tanning*
__
do...
Manufactured food products
do...
Dairy products
do
Meat packing
do...
Processed fruits and vegetables*.do-..
Paper and products
-do...
Paper and pulp
-do...
Petroleum and coal products
do...
Petroleum refining
-_.-do
Printing and publishing
do...
Textiles and products
do.__
Tobacco products
do...
Minerals
do
Metals
_
do...
P112
v 116
v 144
183
P95
v 103
P237
v 152
151
197
""120"
v 138
142
»129
P155
*>138
J»112
P239
P257
P174
123
P337
p 112
P!58
117
119
115
128
*115
140
69
141
139
160
169
166
114
222
158
166
181
163
123
127
133
128
161
122
90
118
121
117
130
P 143
136
79
141
139
171
169
171
116
222
157
166
181
157
125
127
131
129
151
124
105
118
122
115
137
» 171
162
84
142
140
173
166
174
114
224
159
169
185
158
123
132
129
124
143
125
148
113
112
114
144
»203
158
100
140
137
177
157
180
111
220
155
160
183
160
128
121
115
74
103
124
159
110
105
112
155
*206
170
164
134
132
182
162
185
104
229
148
153
183
146
138
140
136
129
155
128
163
110
105
114
164
v 179
154
243
143
140
193
170
196
110
227
145
147
177
150
140
140
137
128
153
131
161
110
103
114
165
v 153
160
249
143
140
202
171
206
112
231
150
156
181
151
141
143
140
129
155
136
160
235
253
351
129
119
260
175
154
142
185
174
112
370
117
120
143
237
256
356
130
121
259
175
135
142
194
175
104
382
119
122
142
P 137
147
129
141
138
171
171
113
157
132
131
130
239
258
359
133
126
264
175
130
136
200
176
96
389
118
122
143
237
258
358
128
118
262
175
127
139
199
177
106
399
114
114
144
*139
159
130
140
136
177
180
112
155
124
117
128
240
259
360
128
118
256
173
119
132
203
177
106
402
112
111
146
p 143
186
126
135
133
182
185
111
148
134
134
128
242
261
365
130
119
264
173
114
132
202
178
111
404
111
106
145
244
263
368
129
118
277
168
112
125
196
179
135
395
110
105
146
v 146
178
127
143
140
202
206
111
150
134
138
124
P137
198
P155
PIOO
v 152
126
»139
P124
151
125
141
139
166
166
112
158
129
133
131
P129
162
130
142
140
173
174
112
159
123
129
129
P140
182
128
143
141
193
196
115
145
136
135
123
110
104
114
156
P120
P
106
101
109
154
101
96
105
147
103
P90
168
174
140
138
207
169
212
112
234
152
156
186
154
144
140
138
127
144
137
149
206
125
140
138
213
163
221
110
241
152
153
191
154
151
132
134
102
131
139
116
205
111
131
130
219
172
226
108
240
143
142
189
142
132
132
140
114
156
136
87
247
266
374
128
115
286
171
107
124
212
179
130
397
110
104
146
*146
168
135
140
138
207
212
110
152
139
136
123
247
268
376
136
127
289
168
98
124
204
180
141
390
105
98
153
241
260
365
137
131
277
169
101
122
209
174
143
365
102
97
151
P139
173
142
132
131
219
226
105
143
143
137
124
» 159
185
135
140
137
213
221
106
152
148
133
125
144
114
113
114
143
P83
P94
225
91
136
134
226
174
207
90
138
' 136
'229
176
108
103
'112
'234
101
'242
149
150
186
154
124
133
142
119
161
137
"82
243
262
'369
133
125
'285
168
ca.
OU
••238
101
'244
152
151
187
159
114
'136
145
143
162
139
'85
244
'263
368
'131
122
285
168
CO
00
'129
213
176
131
364
108
103
154
131
212
177
126
'359
111
105
158
P126
P128
187
140
136
134
'226
234
104
149
125
139
124
215
143
138
135
'229
'238
102
152
119
'142
' 127
BUSINESS INVENTORIES, ORDERS,
AND SHIPMENTS
Estimated value of business inventories:*
27, 666
TotaL_.
mil. of dol..
' 27, 763
27, 677 27, 405 ' 27, 531 ' 28,089 '28,413 ' 28, 541 ' 28, 714 • 27, 699 ' 27,816 ' 27, 988
Manufacturers
...do...
17,386
17, 433
17,460 17,318
17,789
17,858
17,769
17,391
17,577
17,719
17,805
17, 666
Retailers
do...
6,180
' 6, 326
' 6, 239
' 6, 215 , 6, 205 '6,312 ' 6, 635 ' 6, 801 ' 6,793 ' 6, 739 ' 5, 965 * 5,659 ' 6, 233
Wholesalers
do._.
4,051
3,994
4,002
3,959
3,882
3,828
3, 877
3,893
4,117
3,965
4,089
4,052
Indexes of manufacturers' orders, shipments,
and inventories:
284
280
New orders, total...
.Jan. 1939=100.
267
306
272
275
284
272
281
274
276
261
433
409
Durable goods.
do
389
402
484
420
406
421
421
392
411
365
383
301
Iron and steel and their prod
do
312
341
306
311
312
331
280
284
300
275
319
406
Electrical machinery
do
341
439
943
496
486
542
472
423
523
406
363
362
Other machinery.-.
do
294
370
408
333
330
318
305
329
319
291
622
629
Other durable goods
do
619
642
626
599
591
626
635
637
626
557
188
197
Nondurable goods
.do...
189
192
176
191
191
197
196
192
189
194
249
253
Shipments, total
avg. month 1939=100.
247
276
254
249
258
261
270
270
264
279
330
338
Durable goods
do
338
'373
343
346
354
356
371
380
365
384
238
262
Automobiles and equipment
do
279
416
295
318
329
319
376
402
422
424
227
224
Iron and steel and their prod
do
224
224
222
229
228
228
220
223
215
228
255
269
Nonferrous metals and prod.*
do
259
247
248
247
249
260
264
267
258
271
415
450
Electrical machinery
...do
426
531
436
449
453
469
484
477
465
524
354
354
Other machinery
do
353
376
363
353
365
372
357
361
346
362
Transportation equipment (except
2,042
automobiles)
do
2,063
2,057
2,068
2,107
2,160
2,181
2,236
' 2, 314
' 2, 261
2,134
2,284
201
Other durable goodst
do
204
201
208
205
200
201
205
207
203
200
205
185
Nondurable goods
_do
186
177
194
185
173
183
186
191
189
186
197
210
Chemicals and allied products
do
211
199
208
200
214
213
214
213
211
208
214
185
Food and kindred products.
.do
179
173
196
185
172
182
188
195
189
198
204
155
Paper and allied products
.do
159
160
164
163
155
160
161
167
163
160
171
148
Petroleum refining
_
do
161
162
189
167
171
174
178
182
180
180
186
271
Rubber products
do
277
292
325
292
285
270
276
306
299
279
299
213
Textile-mill products
do
202
195
196
205
176
190
191
192
190
182 I
165 i
Other nondurable goods
do
177
149 i
170
154
146
156
161
164
167
169
149 '
r
Revised.
Preliminary.
•New series, Data beginning 1939 for the new series under industrial production are shown on p. 19 of the December 1943 issue. Data for shipments of nonferrous metals and
their
• Tproducts1(w
,f e include d m other durable goods," as shown m the Survey prior to the M ay 1943 issue; revised data for the latter series and indexes for nonferrous metals beginning January 1939, are available on request. For manufacturers' and wholesalers' inventories, beginning 1938, see p. 7 of June 1942 Survey. Retailers' inventories were shown on a
revised basis beginning m the April 1944 Survey (for 1938-42 data, see p. 18 of the March 1944 issue); the 1943 data have been subsequently adjusted to accord with final year-end figures
for the basic data and further revision of the retail series is in progress. The total has been adjusted for changes in the retail series.
^ u wun u*i ye<u euu i^mes
••p*™«wi c«™ T o r revisions for the indicated unadjusted indexes and all seasonally adjusted indexes shown above for the industrial production series, see table 12 on pp. 18-20
of the December 1943 issue, Seasonal adjustment factors for a number of industries included in the industrial production series shown in the Survey have been fixed at 100 beginning
various months from Januar;
•y 1939 to July 1942; data for these industries are shown only in the unadjusted series as the "adjusted" indexes are the same as the unadjusted. Indexes
a
ider manufacturers'
or other durable goods" under
manufacturers' shipments
shipments are
are shown
shown on
on aa revised
revised basis
basis beginning
beginning in
in the
the May
May 1943
1943 Survey;
Survey; see
see note
note marked
marked "*"
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
S-3
SURVEY OF CURRENT BUSINESS
June 1944
1944
April
1944
1943
March
April
May
June
July
August
September
October
Novem- December
ber
January
Febru- March
ary
BUSINESS INDEXES—Continued
BUSINESS INVENTORIES, ORDERS,
AND SHIPMENTS—Continued
I ndexes of manufacturers' orders, shipments,
8nd inventories—Continued.
Inventories, total
avg. month 1939=100..
Durable goods.
_
do
Automobiles and equipment
do
Iron and steel and their prod
do
Nonferrous metals and prod.*
do
Electrical machinery
do
Other machinery
do
Transportation equipment (except automobiles)
avg. month 1939=100..
Other durable goodsfdo
Nondurable goods
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
do
Eubber products
do
Textile-mill products
do
Other nondurable goods
_do
174.9
210.7
247.3
129.0
149.6
341.9
225.5
175.4
213.5
251.2
130.3
149.2
350.4
227.4
175.7
213.5
245.7
132.1
148.2
354.3
226.8
174.2
212.5
238.1
132.5
150.9
358.5
222.7
175.0
211.4
235.5
134.8
153.8
362.8
218.9
176.8
213.4
230.7
137.2
154.2
366.8
219.8
178.3
214.9
232.1
137.6
151.7
371.2
219,9
179.0
214.0
231.2
138.5
152.3
368.2
218.5
179.7
213.3
231.9
138.8
156.7
374.5
219.4
178.8
212.8
245.3
139.5
153.0
346.0
214.5
179.1
212.0
238.2
135.6
155.9
339.5
219.9
r 177. 7
208.6
240.6
131.1
154.8
339.8
222.7
r 176. 7
r 207. 2
' 244.7
r 126.8
r
155. 6
r 338.1
' 227. 2
1,053.1
116.6
143.6
152.4
145.2
139.3
106.0
181.0
]40.0
154.8
1,087.9
115.1
142.1
149.1
146.0
138.6
104.3
185.2
140.2
149.6
1,088.9
113.4
142.6
149.0
149.5
136.9
103.8
188.0
141.8
147.2
1,085.7
112.4
140.8
149.0
149.8
135.4
102.6
180.1
139.4
143.0
1,052.0
110.8
143.1
151.5
160.8
134.9
102.4
175.8
136.5
142.6
1,079.4
111.2
144.8
153.9
168.9
135.3
102.5
372.8
133.6
142.2
1,102.0
112.7
146.2
152.5
174.8
133.3
102.3
173.7
131.9
144.3
1,084.4
112.6
148.4
153.6
181.4
129.8
103.8
175.1
133.6
144.2
1,031.3
113.1
150.2
155.5
186.9
127.3
104.3
175.8
132.2
146.2
1,085.9
113.1
149.0
159.9
181.5
124.7
105.6
179.3
127.8
146.8
1,100.1
110.4
150.4
158.2
179.1
131.3
105.3
179.6
129.1
154.0
1,039. 6
108.2
' l£0. 7
160.3
177.0
133.4
106.0
185.2
125.8
157.1
1,012.6
r 106.7
r 1E0. 0
'161.4
r 173.8
r 136. 1
' 107. 5
187.6
r 123.5
r 156. 7
COMMODITY PRICES
COST OF LIVING
National Industrial Conference Board:
Combined index
1923 = 100
Clothing
do
do
Food
Fuel and light
do
Bousing
do
do
Sundries
U . S . Department of Labor: %
Combined index
1935-39=100..
Clothing..
„
do _ _
Food
do
Fuel, electricity, and ice
do .
Housefurnisbings
do
Rent
do
do
M iscellaneous
104 1
91 9
110 1
95.2
60 8
112 8
103.0
88.6
112.8
92.4
90.8
106.5
104.0
88.6
115.4
92.5
90.8
106.5
104.2
88.5
115.8
92.6
90.8
106.7
104.3
88.6
115.8
92.5
90.8
107.1
103.1
88.9
112.4
92.5
90.8
107.2
102.8
89.3
111.4
92.6
90.8
107.3
103.1
89.8
112.0
92.6
90.8
107.4
103.7
90.6
112.6
92.7
90.8
108.6
103.7
90.9
112.1
93.1
90.8
109.1
103.9
91.1
111.9
94.9
90.8
110.0
103 9
91.2
111 1
95.1
90 8
110.5
103 4
91 6
109 6
96.0
90 8
110 6
103
91
109
95
90
111
124.5
136.9
134 6
109 9
133 0
122.8
127.6
137.4
107.4
124.5
108.0
114.5
124.1
127.9
140.6
107.5
124.8
108.0
114.9
125.1
127.9
143.0
]07.6
125.1
108.0
115.3
124.8
127.9
141.9
107.7
125.4
108.0
115.7
123.9
129.1
139.0
107.6
125.6
108.0
116.1
123.4
129.6
137.2
107.6
125.9
108.0
116.5
123.9
132.5
137.4
107.6
126.3
108.0
117.0
124.4
133.3
138.2
107.8
126.7
108.0
117.6
124.2
133.5
137.3
107.9
126.9
108.0
117.7
124.4
134.6
137.1
109.4
127.9
108.1
118.1
124.2
134.7
136.1
109.5
128 3
108.1
118.4
123.8
135.2
134 5
110 3
128 7
108 1
118.7
123.8
136.7
"•34 1
109 9
129 0
108 I
119.1
120.7
4
7
2
3
8
5
PRICES RECEIVED BY FARMERS t
U. S. Department of Agriculture:
193
194
194
193
192
197
194
195
196
192
Combined indexf
1909-14=100
196
196
195
196
182
183
192
190
183
192
Crops
199
187
do
188
187
196
198
200
182
160
150
148
143
145
157
166
144
Food grain _ _ . _
143
170
147
do
169
171
170
156
158
158
148
151
141
144
152
165
Feed grain and hay
135
168
do .
172
171
169
315
347
321
335
319
349
316
320
326
350
Tobacco
. .
do
317
352
351
348
163
156
161
164
162
162
158
160
160
161
162
Cotton
do
161
161
163
205
196
195
162
208
196
216
202
Fruit
.
142
170
204
do
215
237
206
do
180
228
261
220
364
276
187
223
Truck crops
186
326
267
242
247
220
199
202
183
185
201
202
187
Oil-bearing crops
do
183
187
203
196
205
207
207
203
201
198
204
202
199
200
200
193
200
Livestock and products
.do
201
194
194
191
204
193
213
209
208
220
216
194
194
208
Meat animals
220
203
do
199
203
195
189
202
189
198
187
203
190
201
192
Dairy products
_
190
do
189
201
196
201
179
183
212
175
219
212
174
177
192
Poultry and eggs
_ _ __do
172
151
168
162
RETAIL PRICES
U. S. Department of Commerce:
135.1
136.4
133.9
134.7
133.9
134.7
135. 3
135.6
135.3
135.0
132.4
135.1
All commodities, index*.
1935-39=100
135.3
133.9
U. S. Department of Labor Indexes:
93.3
102.4
99.9
93.5
93.5
93.3
93.4
99.9
93.6
94.1
99.0
93.4
99.1
93.3
Anthracite
1923-25—100
101.6
101.4
101.4
101.5
104.0
103.2
103.8
101.7
101.8
100.1
101.6
103.8
Bituminous coal
.
do
99.8
103.5
137.4
134.1
137.1
134.5
134.6
140.6
141.9
139.0
138.2
137.3
143.0
137.2
136.1
137.4
Food, combined index . . .
1935-39=ion
108.2
108.1
107.5
108.4
108.0
108.0
107.5
107.6
107.8
108.3
108.3
108.1
Cereals and bakery products*
107.0
108.5
do
133.5
133.5
133.4
133.6
133.6
136.9
133.7
133.5
133.6
do
137.1
133.5
133.4
133.5
137.0
Dairy products*
180.5
167.0
163.0
162.9
168.8
190.8
187.8
179.5
166.4
162.6
169.8
163.7
164.9
166.7
Fruits and vegetables*
do
130.9
129.9
130.5
138.3
130.6
130.4
130.6
130.0
138.3
Meats*
do
138.0
130.9
131.0
137.3
129.7
Fairchild's index:
113.1
113.4
113.4
113.4
113.0
113.0
113.2
113.1
113.1
113.2
113.0
113.2
Combined index
Dec. 31, 193(3=100
113.1
113.3
Apparel:
108.1
108.2
108.1
108.1
108. 2
108.2
108.1
108.1
108.1
108.1
108.1
108.1
10S.1
108. 2
do
Infants'
105.3
105.3
105.3
105.3
105.3
105.4
105.3
105.3
105.3
105.3
105.3
105.3
105.3
105.3
Men's
_. __~_
.
do
113.1
113.1
113.2
113.7
112.6
112.7
112.7
113.7
113.7
112.7
112.7
113.0
113.3
113.6
Women's
do
115.5
115.6
115.5
115.5
115.5
115.6
115.6
115.5
115.5
115.5
115.5
115.5
115.5
115.5
Home furnishings
_ . do
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
112.2
Piece goods
do
WHOLESALE PRICES
U. S. Department of Labor indexes:
103.1
103.2
v 103.8
104.1
103.0
102.9
103.6
103.8
103.7
103.1
103.2
103.3
Combined index (889 series)
1926 = 100
v 103.9
103.4
Economic classes:
99.6
100.0
100.1
99.7
99.9
100.2
100.2
100.4
v 100. 5
100.7
100.6
100.2
Manufactured products
_ do _ v 100. 8
100.5
112.4
111.9
113.6
112.1
v 113.4
114.0
114.3
112.8
112.7
112.2
112.8
v 113.2
111.3
Raw materials.
do
112.0
92.9
92.9
93.7
92.8
93.1
92.8
92.9
92.9
93.1
93.4
93.0
93.2
93.6
93.0
Semimanufactured articles
.do
123.1
122.2
121.4
v 123. 6
126.2
123.9
123.5
122.5
125.0
121.8
125.7
121.8
122.8
v 123. 2
Farm products
. _ do
do
122.5
123.2
116.0
119.7
129. 5
113.1
113.8
116.8
128.2
129.5
129.3
129 6
112.5
112.2
Grains
130.2
126.1
127.6
120.5
125.6
128.6
130.5
123.3
134.0
129.5
120.8
135.7
119,5
Livestock and poultry
do
123.6
r
" Preliminary.
Revised.
{See note marked " $ " on p. S-3 of the July 1943 Survey in regard to revisions incorporated in the indexes beginning March 1943. Rents, which are subject to control in all cities
covered by monthly reports, vary little in most areas and data are now collected only at quarterly pricing periods.
*New series. Data for inventories of nonferrous metals and their products were included in "other durable goods" as shown in the Survey prior to the May 1943 issue: revised
figures for the latter series and data for nonferrous metals, beginning December 1938, are available on request. For data beginning January 1939 for the Department of Commerce
index of retail prices of all commodities and a description of the series, see p. 28 of the August 1943 Survey. Earlier data for the indexes of retail prices for the food subgroups will
be shown in a subsequent issue; the combined index for foods, which is the same as the food index under cost of living above, includes other food groups not shown separately.
t Revised series. See note marked "*" in regard to revision of the index of inventories of "other durable goods" industries. The indexes of prices received by farmers are shown
on a revised basis beginning in the March 1944 Survey; revised data beginning 1913 will be published in a subsequent issue. Data for May 15, 1944, are as follows: Total, 194; crops,
198; food grain, 170; feed grain and hay, 173; tobacco, 350; cotton, 160; fruit, 232; truck crops, 225; oil-bearing crops, 208; livestock and products, 190; meat animals 201; dairy products,
194; poultry and eggs, 153. 1942 monthly averages for the revised combined index, crops, and livestock and products are 159,142, and 173, respectively.
S-4
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1944
1943
1944
April
June 1944
March
April
May
June
August
July
September
October
Novem- December
ber
January
Febru- March
ary
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Con.
Commodities other than farm products
1926=100.Foods...
do....
Cereal products
do
Dairy products
do
Fruits and vegetables
do
Meats
do
Commodities other than farm products
and foods
1926=100..
Building materials
do
Brick and tile
do
Cement
do
Lumber?
do
Paint and paint materials
do
Chemicals and allied products..,do
Chemicals
......do
Drugs and Pharmaceuticals
do
Fertilizer materials
do
Oils and fats—.
do
Fuel and lighting materials
do
Electricity
do
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins
do
Leather
do
Shoes
do
Housefurnishing goods
do
Furnishings
do
Furniture
do
Metals and metal products
do
Iron and steel
do
Metals, nonferrous
do
Plumbing and heating equipment
1926=100.,
Textile products
do
Clothing
do
Cotton goods
do
Hosiery and underwear
do....
Rayon
do
Woolen and worsted goods
do
Miscellaneous
do
Automobile tires and tubes
do
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
*>99. 6
104.9
95.2
110.2
126.5
106. 2
99.0
107.4
93.5
113.2
115.6
115.5
99.1
108.4
93.7
113.3
123.2
115.8
99.2
110.5
93.6
113.1
137.7
115.9
98.7
109.6
93.6
109.5
143.6
111.6
98.3
107.2
93.8
108.9
138.0
105.9
98.5
105.8
93.8
108.9
125.6
106.0
98.6
105.0
94.4
108.9
116.7
106.0
98.7
105.1
94.7
109.1
115.1
106.2
98.8
105.8
94.7
110.9
118.5
106.3
99.0
105.6
95.1
110.6
119.3
105.9
99.1
104.9
95.1
110. 6
118.4
106.0
99.3
104.5
95.1
110.7
120.7
106. 0
p 98. 4
115.2
100.3
93.9
153.4
104.4
105. 4
96.3
220.1
81.4
102.0
96.6
110.3
98.7
94.2
' 136. 8
102.5
100.1
96.4
165.1
80.0
101.5
80.6
60.6
76.4
62.0
117.8
116.0
101.3
126.4
102.6
107.3
97.7
103.8
97.2
86.0
96.7
110.5
98.9
93.9
' 138. 1
102.2
100.2
96.4
165.1
80.0
102.0
80.8
59.5
77.5
62.5
117.8
116.0
101.3
126.4
102.7
107.3
98.0
103.8
97.2
86.0
96.8
110.6
99.0
93.6
' 138. 8
102.0
100.0
96.4
165.2
78.6
102.0
81.0
58.8
79.1
62.6
117.8
116.0
101.3
126.4
102.8
107.3
98.1
103.8
97.3
86.0
110.7
99.0
93.6
' 139. 7
102.0
100.1
96.4
165.2
79.3
102.0
81.0
59.0
77.6
62.8
117.8
116.0
101.3
126.4
102.6
107.1
98.1
103.7
97.1
86.0
97.1
112.2
99.0
93.6
' 145.0
102.8
100.2
96.5
165. 2
80.1
102.0
80.9
57.6
76.3
63.0
117.8
116.0
101.3
126.4
102.6
107.1
98.1
103.7
97.1
86.0
97.2
112.5
99.0
93.6
' 146.1
102.6
100.3
96.5
165.2
80.6
102.0
81.0
58.1
77.1
63.2
117.8
116.0
101.3
126.4
102.6
107.1
98.1
103.7
97.1
86.0
97.3
112.7
99.0
93.6
' 146. 6
102.8
100.4
96.4
165.2
81.3
102.0
81.0
57.8
77.2
63.5
117.8
116.0
101.3
126.4
102.6
107.1
98.1
103.7
97.1
86.0
97.4
113.1
100.0
93.6
' 147. 4
103.2
100.3
96.3
165. 2
81.3
102.0
81.2
58.3
77.0
63.5
116.5
108.5
101.3
126.4
102.8
107.1
98.4
103.8
97.1
86.0
97.6
113.4
100. 0
93.6
' 147. 5
103.3
100.4
96.3
165. 2
81.3
102.0
82.1
58.7
77.0
63.5
117.0
111.6
101.3
126.4
102.8
107.1
98.4
103.8
97.1
86.0
97.8
113. 5
100.2
93.6
' 147. 6
103. 5
100.4
96.3
165.2
8.1.3
102.0
82.3
98.0
113.6
100.1
93.6
148. 4
103. 9
100. 4
96.3
165.2
81.4
102. 0
83.1
64.0
116.9
111.2
101.3
126.3
104.3
107.2
101.4
v 103. 7
97.1
85.8
96.5
110.4
98.7
94.2
136. 7
102.2
100.0
96.4
365.0
79.0
101.5
80.3
60.2
75.6
61.5
117.8
116.0
101.3
126.4
102.6
107.3
97.7
103.8
97.2
86.0
76.7
63.5
117. 2
112.9
101.3
126.4
104.5
107.1
102.0
103.7
97.1
85.9
77.2
64.0
116.9
111.0
101.3
12G.4
104.2
107.1
101.4
103.7
97.1
85.8
91.8
97.8
107.0
113.9
70.5
30.3
112.5
93.5
73.0
107.2
90.4
97.3
107.0
112.6
70.5
30.3.
112.4
91.4
73.0
102.7
90.4
97.4
107.0
112.6
70.5
30.3
112.5
91.6
73.0
102.9
90.4
97.4
107.0
112.6
70.5
30.3
112.5
91.9
73.0
104.3
90.4
97.4
107.0
112.6
70.5
30.3
112.5
91.8
73.0
104.3
90.4
97.4
107.0
112.6
70.5
30.3
112.5
92.3
73.0
104.3
90.4
97.4
107.0
112.7
70.5
30.3
112.5
92.6
73.0
104.3
90.2
97.5
107.0
112.9
70.5
30.3
112.5
93.0
73.0
105.6
90.2
97.6
107.0
112.9
71.4
30.3
112.5
93.1
73.0
105.6
91.8
97.7
107.0
112.9
71.7
30.3
112.5
93.2
73.0
105.8
91.8
97.7
107.0
112.9
71.7
30.3
112.5
93.3
73.0
106.0
91.8
97.7
107.0
112.9
71.7
30.3
112.5
93.2
73.0
106.0
91.8
97.7
107.0
113.4
70.5
30.3
112.5
93.4
73.0
106. 6
77.4
80.3
74.2
54.3
77.8
81.4
72.7
55.4
77.5
80.6
71.0
54.1
77.3
79.9
69.8
54.8
77.5
80.1
70.4
54.6
77.9
80.7
71.8
55.1
78.0
81.2
72.8
55.4
78.0
80.7
72.7
55.1
78.1
80.4
72.3
54.8
78.2
80.5
72.7
54.8
77.9
80.4
72.8
54.3
77.9
80.5
73.4
54.3
77.6
80.8
74.2
54.6
r
r
PURCHASING POWER OF THE
DOLLAR
As measured b y Wholesale prices
1935-39= 100..
Cost of living.
do.
Retail food prices
,
do
Prices received by farmerst
do
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction, total.
mil. of dol..
Private, total
...do....
Residential (nonfarm)
do
Nonresidential building, except farm and
public utility, total
..mil. of dol..
Industrial
do
Allother
do
Farm construction, total.
do
Residential.
do
Nonresidential
do
Public utility
do....
Public construction, total—
do
Residential
do
Military and naval..
.do
Nonresidential building, total
do
Industrial
-do
Allother
do
Highway
...do....
Allother
do
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
P314
P137
'764
rill
44
Ml
P177
4
5
'46
'653
72
'267
'252
'245
'27
' 35
'751
'124
52
'755
'14-0
'65
'713
' 148
73
'690
' 151
78
'654
'157
'81
'567
' 154
83
524
153
81
'455
' 147
79
'391
' 136
'74
351
' 133
68
' 327
' 120
t>3
11
7
4
16
6
10
'45
'627
71
'253
' 216
' 209
'7
'34
' 53
11
7
4
21
9
12
'43
' 615
78
'240
' J98
' 189
'9
'41
'58
13
8
14
9
5
19
8
11
'40
' 539
'16
10
' 6
17
7
10
'43
'497
55
'199
'138
' 129
' 9
' 53
18
12
fi
13
6
20
13
7
9
4
5
43
i71
39
141
96
87
' 9
45
50
19
12
7
6
3
3
' 43
' 308
42
' J01
'91
'81
' 10
' 34
' 40
' 18
17
10
7
ft
3
2
43
r 218
28
75
72
62
10
15
' 28
17
10
7
7
3
4
' 42
' 198
22
r
fit)
r
(iy
53
35
48
3U
Gl
35
•15
38
18
21
9
12
'41
' 565
7(3
'217
' 181
' 172
' 9
45
32
r
m
203
' 170
'159
' 11
'51
'40
'413
43
' 153
' 118
' 109
' 9
47
33
49
34
t;o
37
]()
'8
4
2
2
'40
255
38
r
74
' 90
' 79
' 11
' 23
' 30
24
55
r
no
T
T
r
y
13
28
45
21
' 4U
' 17
' Revised. % Revised beginning November 1942; revisions not shown above: 1942—Nov., 134.3; D e c , 134.9; 1943—Jan., 135.0; Feb., 130.4.
v Preliminary.
* New series. The series on new construction are estimates by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, with the exception of the series
on residential (nonfarm) construction, which is from the U. S. Department of Labor, and the data for military and naval and public industrial construction since January 1941, which
are from the War Production Board. For revised annual data beginning 1938 and quarterly or monthly data beginning 1939, see p. 23 of this issue. Annual data for 1929-37 are
published on p . 32 of the June 1943 Survey (a few revisions for 1933-37 are shown in footnote 1 to the table on p. 23). Additional data relating to the devivation of the estimates are
shown on pp. 24—26 of the May 1942 issue.
t Revised in the April 1944 Survey because of a revision of the basic index of prices received by farmers; earlier data will be published later.
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
S-5
1943
March
April
May
June
July
1944
August
September
October
Novem- December
ber
January
February
March
10,272
159, 238
121, 875
37, 363
8,577
137, 246
108.812
28, 434
9.927
170, 383
133, 264
43,119
CONSTRUCTION AND REAL ESTATE—Continued
CONTRACT AWARDS, P E R M I T S , AND
DWELLING UNITS PROVIDED—Con.
Contract awards, 37 States (F. W. Dodge
Corporation):
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:
Projects
number..
Floor area
:
thous. of sq. ft..
Valuation
thous. of doLPublic works:
Projects
number..
Valuation
thous. of dol_.
Utilities:
Projects
number..
Valuation
thous. of dol__
Indexes of building construction (based on
bldg. permits, U. S. Dept. of Labor) :f
Number of new dwelling units provided
1935-39=100..
Permit valuation:
Total building construction
do
New residential buildings
do
New nonresidential buildings
do
Additions, alterations, and repairs-do
Estimated number of new dwelling units in
nonfarm areas (U. S. Dept. of Labor):
Total nonfarm (quarterly)*
number..
Urban, total
do
1-family dwellings
-do
2-family dwellings
do
Multifamily dwellings
do
Engineering construction:
Contract awards (E. N. B.)§.thous. of doL.
j
0, 877 16,117
179, 286 339,698
132,845 304,032
46, 441 35, 666
15,435
303,371
253, 334
50,037
14,024
234,426
192,000
42,426
14,846
229,569
183,167
46,432
13,779
183,661
122, 250
61,411
15,758
413,791
351,361
62, 430
12.588
175,115
119, 555
55, 560
14,739
213,529
157,166
56, 363
3,635
2, 616
32, 289 28,310
60, 491 144,935
3,839
18,835
96, 214
3,455
15,126
75, 301
3,056
17, 283
94,834
2,109
10,788
61,840
3,203
26,321
272, 888
2,877
11, 437
70, 899
2,736
13, 074
80, 304
2,341
14,190
67,028
3,486
23, 569
118, 711
2,594
11,185
67,908
2,413
11,770
57, 269
2, 546
11,863
79, 960
5, 886
8, 225
37, 772
10,295
16,990
71,786
10, 440
18,767
79,434
9,197
15, 207
63, 291
10, 424
14,060
61,508
10, 506
16, 651
71,836
10,988
16,794
67, 493
8,189
11,409
54, 080
10,747
14, 782
69, 739
8,156
13, 733
58, 384
10, 438
15,146
66, 157
6, 841
8, 896
40, 997
5, 239
5,359
24,861
5,914
7, 533
35,164
995
40, 097
1,635
62,037
787
41,882
1,010
47, 704
978
35, 720
920
28, 400
1,185
32, 755
90S
33,864
692
30,436
1,057
38,168
494
26, 241
563
23, 466
1,059
32, 596
380
31,926
552
60,940
369
85,841
862
48,130
388
37, 537
244
21, 585
382
40, 655
1,214
28, 485
308
21, 651
353
29, 022
405
28,551
409
29,187
343
24, 092
362
31, 650
408
28, 663
104.8
96.8
119.3
81.5
85.3
102.1
80.8
99.0
110.7
82.7
64.5
52.2
'71.9
59.2
75. 7
48.4
50.4
57.5
70.5
46.0
58.1
59.7
82.2
40.3
59.4
59.5
62.2
52.1
72.2
60.6
68.2
48.4
74.9
60.1
78.2
36.9
79.5
59.2
61.7
45.8
88.1
65.7
75.1
51.8
80.3
63.5
80.6
43.5
76.7
58.3
62.3
50.2
70.2
49.9
48.6
44.7
66.4
43. 2
41. 9
35. 9
65.1
' 52. 6
•• 55. 5
r
39. 2
r
80.7
118,100
18,175
14,666
1,066
2,443
16, 779
13,329
1,369
2,081
20,682
16, 662
1,646
2,374
82,000
14,132
10,150
1,686
2,296
14,798
11,209
1,408
2,181
17,902
11,865
1,934
3,903
76,300
14,016
9,795
1,535
2,686
17,170
12,348
1,802
3,020
19,197
16,800
1,309
1,088
74,400
14,339
12,009
993
1,337
11,178
9,213
977
988
305,973
379,068
273, 650
274,493
296,188
161, 548
264, 285
193,379
203, 632 176, 460
156,518
117,878
175, 726
7,324
5,548
927
850
3,848
2,240
768
840
7,842
5,711
1,346
785
9,010
7,242
1,104
665
7,611
5,588
649
1,374
3,516
2,387
620
508
6, 850
4,296
1,385
1,169
4, 509
3,234
551
724
3,522
2,411
730
382
1,046
708
96
242
2, 424
1,670
325
429
3,317
2,753
11, 594 15, 390
184 399 252, 223
134'710 198,106
54,117
49,689
48, 900
9, 020 r 12, 470
7,321 ' 10, 370
409
1,165
1, 290
935
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:t
Total
thous. of sq. y d . .
Airports
do
Roads
do
Streets and alleys
.do
2,507
1,613
369
525
238
325
CONSTRUCTION COST INDEXES
tO tO tO tO N3
A bertha w (industrial building)
1914=100
227
227
227
221
221
American Appraisal Co.:
Average, 30 cities
1913=100
250
250
250
249
252
254
256
256
256
258
254
254
Atlanta
.
do
254
254
256
254
259
261
262
262
267
264
261
261
New York
do
251
252
252
251
255
257
259
262
259
260
257
257
San Francisco
do
232
232
233
232
233
233
234
234
234
234
233
234
St. Louis
do
242
243
243
242
246
248
250
250
252
250
248
248
Associated General Contractors (all types)
1913=100..
223.0
215.0
217.2
216.0
214.1
216.0
217.0
217.0
221.0
219.0
222.0
217.8
218.2
E. H . Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
116.8
Atlanta
XJ. S. av., 1926-29=100..
107.3
107.3
107.3
108.2
107.3
108.5
114.1
108.5
116. 2
112.8
113.1
116.0
112.6
New York
do
150.8
140.0
138.1
138.3
138.6
140.0
139.9
145.2
138.6
145.3
145.5
144.8
144.9
143.8
San Francisco
do
139.6
132.3
132.3
132.5
132.5
132.3
135.3
135.3
133.2
137. 3
136.7
135.3
135.3
135. 3
St. Louis
.
do
130.7
131.2
131.2
131.4
135.3
130.7
131.7
132.4
134. 2
131.7
134. 8
131.7
132.2
132.4
Commercial and factory buildings:
Brick and concrete:
107.0
107.0
107.7
Atlanta
do
116.8
107.0
107.9
107.0
107.9
113.8
115.4
112.8
112.6
112.4
115.7
141.2
139.7
139.8
154.4
139.5
139.8
New York
do
141.2
141.9
147.6
147.3
147.7
147.3
146.3
147.8
135.6
135.8
135.8
143.1
135.6
136.1
135.6
139.4
San Francisco
do
139.4
139.4
140.5
139.4
139.4
140.4
133.5
133.0
133.1
136.7
133.0
133.4
133.5
133.4
St. Louis
do
134.0
134.0
135.8
133.7
133.4
136. 0
Brick and steel:
118.2
107.9
107.9
107.8
107.8
107.9
108.3
108.3
114.8
117.2
112.1
Atlanta
do
113.7
116.7
113.3
151.0
138.9
138.9
136.9
137.3
137.6
137.6
138.2
144.6
145.1
142.0
144.3
144.8
New York
do
144.2
142.4
135.7
135.7
135.7
136.7
137.6
136.1
136.1
137.7
139.0
137.6
137.7
138.9
San Francisco
do
137.6
130.4
136.8
130.4
129.7
130.4
130.4
132.3
134. 6
129.7
130.0
130.4
132.3
134. 5
St. Louis
do
131.8
Residences:
Brick:
122.5
113.7
107.4
107.7
107.7
109.5
107.7
111.3
116.9
122.3
111.3
120.5
113.7
115.3
Atlanta
do
152.6
147.1
142.3
142.3
140.8
142.2
142.8
139 4
142.2
148.3
149. 0
150.1
145.6
147.9
New York
do
137.5
134.2
134.2
129.6
129.6
131.0
131.0
133.1
136. 6
129.6
134.2
134.6
136. 6
134.6
San Francisco
do
137.7
129.7
129.7
130.0
135. 6
127.4
127.4
127.2
128.3
129.7
127.2
132.1
137.7
132.1
St. Louis
do
Frame:
123.8
114.2
108.0
110.3
112.6
114.2
107.7
108.0
112.6
117.0
121.3
123.6
108.0
116.2
Atlanta
do
153.1
144.3
144.7
144.7
148.2
144.3
142.9
145.3
147.5
149.4
150.3
151.6
141.1
149.1
New York
do
134. 7
125.6
127.4
130.4
125.6
127 4
•131.3
131.3
131.8
134.1
134.2
125.6
131,3
131.8
San Francisco
do
137.7
126.5
126.4
128.2
126.5
124.9
128.2
131.0
135.4
137.7
124.9
128.3
128. 2
St. Louis
do
131.0
Engineering News Record (all types)
294.1
298.0
291.4
294.4
294.5
289.9
289.9
295.1
294.3
295.3
288.8
297.7
289.9
1913=100..
294.6
* Revised.
§ Data for April, July, September, and December 1943 and March 1944 are for 5 weeks; other months, 4 weeks.
{Data published currently and in earlier issues of the Survey cover 4- and 5-week periods, except for January and December; beginning 1939 weekly data are combined on the
basis of weeks ended on Saturday within the months unless a week ends on the 1st and 2d of the month when it is included in figures for the preceding month (March and April
1943 are exceptions, as the week ended Apr. 3 is included in figures for March); December figures include awards through Dec. 31 and January figures begin Jan. 1.
*New series. The quarterly estimates of total nonfarm dwelling units include data for urban dwelling units shown above by months and data for rural nonf&rm dwelling units
which are compiled only quarterly; for 1940 and 1941 data, see p. S-4 of the November 1942 Survey (revised figures for first half of 1942— 1st quarter, 138,500; 2d quarter, 166,600); annual
estimates for 1920-39 are available on request. The data for urban dwelling units have been revised for 1942 and 1943; revisions prior to March 1943 are available on request.
tRevised series. Data have been revised for 1940-43; revisions prior to March 1943 are available on request.
588620—44
5
S-6
SURVEY OF CURRENT BUSINESS
Monthly statistics t h r o u g h December
1941, together with explanatory notes
and references t o t h e sources of t h e
d a t a , may be found in t h e 1942 S u p p l e m e n t t o t h e Survey
1944
April
June 1944
1944
1943
March
April
May
June
July
August September
October
Novem- December
ber
January
February
March
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES-Con.
Federal Home Loan Bank Administration:
Standard 6-room frame house:
Combined index
1935-39-100..
Materials
_..do
Labor
do
133.1
130.6
138.1
125. 7
122.0
133.0
125.7
121.8
133.4
126.2
122.2
134.2
126.8
123.0
184.3
127.3
123.7
134.3
127.1
123.4
134.2
127.6
124.4
133.8
129.1
126.0
135.0
129.8
126.8
135.6
130.5
127.6
136.0
130.6
127.8
136.1
131.6
129.2
136.4
r
132. 7
' 130.0
' 137. 8
73,563
68, 029
70,282
66, 241
70,348
66,752
56,821
51, 304
52, 334
5,051
5,118
5,186
5,256
5,317
5,385
5, 440
5, 494
386, 303 353, 673 330,989
301,949
309, 644
368, 240
REAL ESTATE
Fed. Hous. Admn. home mortgage insurance:
Gross mortgages accepted for insurance
thous. of dol. _ 60,747
70,041
74,226
60,702 67,820
Premium-paying mortgages (cumulative)
mil. of dol. .
4,747
5,544
4,799
4,856
4,917
Estimated total nonfarm mortgages recorded
($20,000 and under)*
thous. of dol.. 369, 268 269,419 308,957 327,092 349,046
Estimated new mortgage loans by all savings
and loan associations, total.-tbous. of dol.. 122, 643 87,185
98, 735 100, 490 108,876
Classifiod according to purpose:
Mortgage loans on homes:
Construction
do
13, 484
8, 572
9, 853
9,039
8,946
85,568
55, 235 65,088
67, 826 74,885
Home purchase..
do
13, 491 14.874
15,040
14,843
15,613
Refinancing
do
2,679
2,377
2,484
2,606
2,707
Repairs and reconditioning
do
7,421
6,127
6,270
6,176
6,425
Loans for all other purposes
do
Loans outstanding of agencies under the Federal Home Loan Bank Administration:
Federal Savings and Loan Assns., estimated
mortgages outstanding J . . . mil. of dol_.
1,839
1,847
1,850
1,868
(0
Fed. Home Loan Bks., outstanding advances to member institutions..mil. of dol-.
79
87
79
90
83
Home Owners' Loan Corporation, balance of
loans outstanding
mil of dol_1,504
1,482
1,441
1,460
1,260
Foreclosures, nonfarm: f
17.6
Index, adjusted
._.1935-39«100..
18.3
16.9
16.1
0)
Fire losses
thous. of dol.- 34, 746 39, 214 34, 241 29,297
26,854
4,982
351, 516 355, 432 380,809
111,355
117,389
122,973
115,150
103,056
97, 572
80,978
98, 164
116,130
9,209
77, 555
14,925
2,807
6,859
10,616
82,894
14,600
2,809
6,470
13,211
86,016
13,799
3,229
6,718
7,452
83, 259
14,025
2,874
7,540
6,928
73, 053
12,767
2,638
7,670
10,904
64,656
12, 550
2,290
7,172
7,872
55, 000
9,976
1,521
6,609
11, 195
66, 138
11, 955
1, 960
6,916
9,127
81,846
14, 422
2, 266
8,469
1,871
1,881
1,896
1,909
1,915
1,916
0)
1,927
92
81
130
127
116
110
115
114
99
1,419
1,400
1.383
1,368
1, 354
1,338
1,318
1, 300
1,279
15 9
25,016
14.9
29,193
15.6
26,488
13.7
29, 661
14.3
31, 647
13.6
47, 718
11.7
38, 572
13.7
38, 280
128. 7
1 SI. 8
1 J-8. 0
0)
12 7
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:*
Printers' I n k , combined inder-1935-39-=100.
F arm papers
do _ _ .
133.4
130. 0
Magazines
do...
98.7
Newspapers
do...
Outdoor
do...
279.
5
Radio
.
do...
135. 1
Tide, combined index*
1935-39-=100.
158. 3
Magazines*
do....
100.8
N e wspapers*.
_. d o . . Radio advertising:
15. 643
Cost of facilities, total
-thous. of d o l .
811
Automobiles and accessories
do...
167
Clothing
.
do...
110
Electrical household equipment
do.._
178
Financial
do...
4,377
Foods, food beverages, confections. _ d o . __
663
Gasoline and oil
do
136
House furnishings, etc
do...
920
Soap, cleansers, etc
..do...
1, 628
Smoking materials
do
4, 197
Toilet goods, medical supplies
do___
2,457
All other
do...
Magazine advertising:
24, 888
Cost, total
do...
1,716
Automobiles a n d accessories
do...
1.962
Clothing
do
705
Electric household e q u i p m e n t
do...
481
Financial
do...
3, 581
Foods, food beverages, confections..do...
545
Gasoline and oil
do...
1,061
House furnishings, etc
do
804
Soap, cleansers, etc
do
426
Office furnishings a n d supplies
do...
969
Smoking materials
do___
4, 219
Toilet goods, medical supplies
do
8,417
All other
do...
3,709
Linage, total
thous. of lines.
Newspaper advertising:
Linage, total (52 cities)
. d o . . . 116,471
27,168
Classified
do...
89, 303
Display, total
....do...
3, 026
Automotive
do...
1, 587
Financial
..do...
21.713
General
.
do...
62, 978
Retail
do...
G O O D S IN W A R E H O U S E S
Space occupied in public-merchandise warehouses§
percent of totaL_
109.4
97.6
93.9
100.2
107. 7
188.7
112.4
125.1
97.3
117.4
108.3
98.1
108.3
91.4
214.1
123.1
126.6
108.5
114.1
109.5
107.2
101.1
89.8
218.3
123.2
131.1
99.7
123.1
129. 3
127.4
106.4
83.0
248.6
135.6
145. 8
106. 4
133.5
148.2
146. 9
114.7
86.7
261. 5
152. 2
184.8
116.0
137.7
149.0
148.1
117.7
88.2
282.4
162. 0
212.2
120.6
137.2
146.6
133.5
118. 3
122.3
275.0
154.9
190.0
117.0
123.5
135.4
131.4
107. 5
95.0
225. 2
143. 2
170.4
109.9
125.6
144.2
130,5
107.4
111.7
24?,. 5
140- 5
] 72. n
107. 3
125.8
147.6
144.0
104.7
121.0
243. 5
1.37.9
176. 1
102.8
130.3
138. 6
141.2
109. 7
139.0
247. 5
150. 0
217.0
111.0
11,949
479
97
55
72
3,128
638
48
1,040
1,655
3,491
1,246
11,971
513
92
77
82
3,288
639
50
1,022
1,607
3, 319
1,284
12, 346
596
101
96
96
3,277
504
62
977
1,603
3.502
1,531
12, 550
682
99
79
64
3,360
512
50
1,028
1,638
3,623
1, 416
12,318
692
70
85
60
3,409
514
67
941
1,509
3, 552
1,418
12,917
800
84
93
84
3,582
549
66
959
1,454
3,678
1,567
13,114
695
135
79
80
3,710
537
63
1,014
1, 454
3, 762
1, 584
14, 266
734
164
100
1J8
4, Of.3
K
»76
76
963
1,621
4, 023
1,839
14,412
740
173
80
121
4,051
598
63
989
1,696
4,080
1,821
15.287
725
202
80
126
4,366
737
63
994
1,760
4,188
2,047
15, 425
774
187
101
177
4,291
662
108
936
1,742
4,274
2,172
4 081
2 054
17, 459
956
1,185
351
392
2, 722
336
594
661
238
866
3,122
6,036
2,608
18,673
1,033
1,258
450
337
2,906
437
803
592
293
796
3,242
6.524
2,671
21,351
1, 452
1,142
567
457
3,140
492
930
666
353
918
3, 650
7, 585
2,788
18,459
1, 282
934
514
407
2,772
412
745
476
267
804
3,290
6, 557
2,360
17, 223
1,565
429
414
371
2,692
407
348
241
139
794
3,034
6,789
2, 553
18, 530
1,653
1,030
437
314
2,620
443
451
271
279
914
3,069
7,049
2,965
20, 990
1,588
1,918
496
401
2,749
425
838
338
363
922
3,412
7,538
3,185
24, 490
1,739
2,072
663
479
3, 453
444
1,062
466
351
1,067
4,303
8,391
3,447
24, 445
1,579
1,761
589
434
3,648
462
842
408
413
1,130
4,612
8,566
3,342
21,062
1,333
1, 276
630
405
3,107
226
825
297
335
895
3,642
8,091
2,586
17, 749
1,117
691
426
385
2, 798
244
409
383
221
901
2.999
7,176
3,089
21 079
1.416
1 256
542
419
3 420
329
5fO
074
320
774
3 855
7 524
3. 354
r
113,190
26, 925
86, 2S5
2,500
1,595
20, 262
61, 908
125, 282
29,183
96, 099
2,864
1,817
20,801
70,617
120,985
31,220
89,765
3,220
1,247
21,179
64,120
114,016
29,308
84, 709
3,079
1,323
21, 099
59, 208
103,109
28,641
74, 468
2,658
1,665
17, 224
52, 921
113, 215
31, 388
81, 827
2,664
1,252
17, 733
60,178
126,785
30, 923
95,862
2,620
1,583
23,800
67,858
134, 704
30, 244
104, 460
2,947
1,521
27, 301
72, 692
127, 631
27,105
100, 526
3,920
1,293
24, 422
70, 890
127,405
25, 585
101,820
2,950
1,343
21,094
76,433
01,892
24, 991
76, 901
1,571
2,056 i
17,864
55,410 !
99
23
76
1,
117, 751
26. 377
91,374
2. 040
1,638
21, 769
65, 927
i
125. 1
133.6
130. 4
104. 3
144. 5
252.5
135. 5
170.3
101. 2
)4.8
147. i
2 77. •'«
144. 8
1 -S3. 7
108.0
r
705
757
177
81
1 ,"s
4 074
634
93
934
<;G2
937
775
162
656
It 320
is! 973
54, 212
'15,996
' 782
179
81
172
4, 505
675
108
1.008
1.817
4, 379
r
2, 291
22, 852
r 1. 418
1, 962
636
452
3, 597
408
810
687
357
836
3, 930
7,757
3,537
83.7
83.5
83.7
85.6
85.0
85.3
85.7
85.9
86.1
85.3
86.7
Revised.
JMinor revisions in the data for 1939-41; revisions not shown in the August 1942 Survey are available on request.
l
§ See note marked " § " on p. S-6 of the April 1943 Survey with regard to enlargement of the reporting sample in August 1942.
Data now collected quarterly.
*New series. The series on nonfarm mortgages recorded is compiled by the Federal Home Loan Bank Administration; for information regarding the basis of the estimates arid
data for January 1939 to September 1942 see note marked "*" on p. S-5 of the November 1942 Survey. The new indexes of advertising are compiled by J. K. Lasser & Co. for "Tide"
magazine; the combined index includes radio (network only prior to July 1941 and network and national spot advertising beginning with that month), farm papers, and outdoor advertising, for which separate indexes are computed by the compDing agency, in addition to magazine and newspaper advertising shown above; the component series, with the exception of
newspaper advertising, are based on advertising costs; the newspaper index is based on linage; data beginning 1936 will be published in a subsequent issue.
tThe index of nonfarm foreclosures has been revised for 1940 and 1941, Revisions are shown on p." S-6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have
been changed to a 1935-39 base and the seasonal correction factors revised; revised 1942 monthly averages: Combined index, 104.5; farm papers, 87.9; magazines, 94.1; newspapers, 95.7
outdoor, 104.2; radio, 173.6. All revisions will be published later.
r
S-7
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may he found in the 1942 Supplement to the Survey
1944
April
1944
1943
Mauch
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
DOMESTIC TRADE—Continued
POSTAL BUSINESS
Air mail, pound-mile performance ..millions.
Money orders:
Domestic, issued (50 cities):
Number
thousands.
Value
thous. of dol.
Domestic, paid (50 cities):
Number
thousands.
Value
-_
.thous. of doL
6, 393
5,398
5,729
5,510
5,551
6,029
5,938
110, 676
9,527
178,211
7,281
101,268
6,923
7,770
158,381
6,006
106,623
15, 596
238,989
21,350
338,616
18, 269
243,825
15,011
174,880
17,636
262, 532
16,612
237,398
13,867
170,463
15,118
206,060
v 5, 272
7,250
4,826
2,424
7,438
5,010
2,427
7,441
5,014
2,427
7,590
5,140
2,451
7,454
4,996
2,458
7,388
4,954
2,434
145.9
151.7
135.7
152. 5
161. 9
136.1
152.5
161.4
136.9
151.3
160.0
136.1
150.6
158.9
135.9
149.8
157.0
137.1
156.1
166.3
138.2
155.2
164.6
138.7
148.5
154.6
137.7
154.9
163.9
139.1
5,408
720
200
142
5S
279
151
44
84
189
153
37
51
4, 688
573
129
260
80
105
227
718
1,493
1,146
348
198
827
503
5,002
718
214
163
51
250
143
36
71
196
152
43
58
4,284
472
109
220
66
78
208
599
1,443
1,101
342
191
752
464
5,212
792
230
174
56
282
161
40
81
216
169
46
64
4,421
572
130
258
79
105
214
626
1,356
1,030
327
204
820
507
5,184
805
231
170
61
283
161
39
82
218
176
42
73
4,380
479
115
211
69
84
225
670
1,418
1,074
344
217
769
463
5,319
810
231
166
65
295
171
39
85
209
167
41
75
4, 509
540
136
210
74
120
223
682
1,436
1,090
346
221
792
479
5,139
779
230
164
67
285
168
38
80
195
156
39
69
4,860
391
90
179
58
65
231
716
1. 494
i; 113
351
226
700
398
109
102
104
105
108
93
121
652
211
148
108
184
80
106
619
183
148
115
174
90
119
630
194
135
114
187
112
602
174
125
110
194
92
113
615
179
135
106
190
169.1
92.7
194.0
167.1
124.2
90.9
44.7
135.5
139.4
259.9
192.0
207.4
196. 8
289.0
190.7
97.2
158.4
223.8
151.3
86.7
172.3
161.2
122.9
95.1
48.7
129.8
152.1
301. 9
182.7
200.7
178.6
242.8
189.4
97.3
157.6
204.3
162.1
99.0
182.7
159.2
120.0
97.4
50.5
132.2
152. 6
319.6
179.4
197.7
185.4
251.7
175.7
98.5
154.3
210.6
159.4
102.9
177.8
155.3
115.9
93.0
48.1
128.8
142. 9
301.8
175.6
179. 9
186.0
256.4
176.2
97.9
143.8
208.6
1,250
20
41
19
181
26
89
51
1,145
19
36
18
127
23
56
38
1,218
22
43
19
179
26
86
53
1,185
24
44
20
141
21
70
39
6,355
6,842
6,137
101,110
6,991
119, 446
6,140
100, 031
6,102
112,171
8,088
182, 796
15,663
197,296
15,413
182,703
15, 946
204,969
14, 789
182, 332
14, 536
185, 538
19,792
329, 082
7,672
5,237
2,434
8,038
5, 592
2,446
7,957
5,501
2,456
9,110
6,623
2,486
7,402
4,862
2,539
7,272
4,742
2,530
v 7,958
5,432
v 2, 526
150.3
158.2
136.4
155.3
164.8
138.6
159. 3
171.8
137.3
154.9
164.7
137.6
160.6
174.1
137.0
156.8
168.2
136.7
165.1
180.3
138.5
162.2
175.5
138.9
184.8
210.8
139.1
160.1
172 A
138.5
151.3
156. 5
142.2
164. 3
177.8
140.7
153.2
158.6
143. 7
164.0
176.7
141.7
v 159. 3
169. 5
v 141. 5
v 165. 8
179.3
v 142.0
5,088
777
226
160
66
287
178
32
77
193
156
37
71
4, 312
424
85
214
61
64
229
724
1,376
1,046
330
224
728
435
5. 357
775
220
153
67
291
180
34
77
190
154
36
74
4,582
553
118
266
78
91
226
721
1,417
1, 073
343
222
826
516
5,721
807
218
151
67
304
186
39
80
206
164
42
80
4,914
608
145
279
89
95
233
730
1,541
1,168
373
211
931
586
5,619
784
203
138
66
275
168
32
75
207
165
42
98
4,836
600
149
277
91
82
230
701
1, 443
1,094
349
205
1,008
668
6,716
898
200
126
74
248
136
28
85
248
197
51
202
5,818
833
221
376
130
106
333
739
1,613
1, 210
402
210
1,280
796
4,926
636
200
147
53
221
137
24
60
157
120
37
58
4,290
429
91
210
59
69
228
704
1,452
1,110
341
191
658
397
4,827
631
187
135
52
220
129
28
63
163
127
36
62
4,196
411
88
207
58
59
220
675
1, 390
1,061
330
188
671
408
5, 592
750
208
149
59
265
148
40
77
188
149
39
88
4,843
578
116
299
78
84
239
732
i, r»04
1, i 49
355
206
846
544
107
103
106
116
110
130
94
94
104
83
111
603
177
130
109
186
82
108
607
177
143
101
185
93
110
618
175
146
107
190
107
122
660
202
136
119
203
104
127
649
195
128
116
210
149
206
809
190
182
153
285
73
94
628
169
191
106
163
73
98
641
181
191
105
164
86
112
737
216
196
130
195
166. 2
101,4
187.3
163.0
122.1
93.8
47.4
131.4
147.8
293.3
185. 6
215.0
189.4
265.2
182.0
99.3
154.1
216.5
154.0
96.6
172.7
162.5
122.6
97.8
48.8
131.6
158.6
335.2
183.6
196.0
187.6
271.3
178.1
96.1
158.0
218.3
157.4
96.5
177.2
163. 7
123.5
98.5
50.7
137.2
147.3
338.5
185.0
208.5
188.6
258.1
175.4
99.2
163.8
224.5
170.2
100.1
193.0
162. 7
121.9
97.1
52.3
129.3
144.1
348.1
184.1
202.8
188. 4
270.8
180.5
102. 7
154.9
210. 5
173.5
103.7
196.2
167.3
124.6
100.6
58.3
129.6
148.8
327.0
189.1
199.6
195.0
278.3
100.5
97.1
157.7
218.3
179.2
104.7
203.5
175. 5
131.1
103.2
56.8
132.7
160.3
350.0
199.1
219.5
201.6
292.3
193.5
100.6
177.6
223.4
207.7
115.4
237.8
171.1
127.5
95.5
53.3
124. 5
146.1
308. 5
195. 7
218.8
221.4
287.1
197.0
103.9
153.1
224. 3
153.7
81.4
177. 3
177.8
132.9
102.2
55.1
140.6
156.0
306. 5
202.5
222. 5
199.8
309.8
196.8
107.7
170.4
233.1
156.0
82.0
180.1
176. 6
132. 4
100. 4
52.6
142. 9
145. 2
331.0
201.4
223.5
190.7
307. 8
193. 8
109.7
171.0
232.0
168.5
90.4
194.0
178.1
133.2
100.6
47.3
137.7
146.7
458. 6
203. 3
228. 5
201. 7
297.1
190. 2
104. 6
173. 5
242. 2
1,200
24
43
18
163
23
72
56
1,142
24
43
18
115
13
62
31
1,105
24
46
18
118
13
66
30
25
49
20
156
21
80
43
1,327
25
55
23
173
27
86
45
1,286
25
48
22
164
27
83
'40
1. 553
27
36
24
216
36
113
50
1,086
18
37
13
125
17
66
32
1, 055
18
31
14
119
16
66
28
1,245
r 19
'36
17
173
26
92
40
5,478
6,385
5,968
86, 570 116,970 104,640
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:*
Total
mil. of dol_
Goods
__do_-_
Services (including gifts)
do...
Indexes:
Unadjusted, total
1935-39=100Goods
do___
Services (including gifts)
do _ _.
Adjusted, total
do...
Goods
do._.
Services (Including gifts)
do...
169.7
RETAIL T R A D E
All retail stores, estimated sales, totalt
mil. of dol__
Durable goods storest
do
Automotive groupt
do
Motor vehicles*
do
Parts and accessories*
do_
Building materials and hardwaret--do_.-._
Building materials*
do
Farm implements*
do
Hardware*
do.
Homefurnishings groupt
do.
Furniture and housefurnishings*.do
Household appliance and radio*_-do____
Jewelry stores*
.___do
Nondurable goods storest
do
Apparel groupt
do
Men's clothing and furnishings*-.do
Women's apparel and accessories*.do
Family and other apparel*
do__...
Shoes*
do
Drug storest
do
Eating and drinking placesf
do
Food groupt
do
Grocery and combination*
do
Other food*
„
do
Filling stations!
do
General merchandise groupt
-do
Department, incl. mail order*
do
General, including general merchandise,
with food*
mil. of dol__
Other general merchandise and dry
goods*-.mil. of doL_
Variety*
____do
Other retail storest
do
Feed and farm supply*
do
Fuel and ice*
__do
Liquors*
.do
Other*
do_...
All retail stores, indexes of sales:t
Unadjusted, combined index..l935-39 = 100-_
Durable goods stores
..do
Nondurable goods stores
do
Adjusted, combined index
do
Index eliminating price changes*~do
Durable goods stores
.
do
Automotive
do
Building materials and hardware.do
Home furnishings
do
Jewelry
do
Nondurable goods stores
do_._.
Apparel
do
Drug
do....
Eating and drinking places
...do
Food
do
Filling stations
do
General merchandise.
do
.
Other retail stores
do
Chain stores and mail-order houses:
Sales, estimated, total*
mil. of dol_.
Automotive parts and accessories*.,do
Building materials*
do
Furniture and housefurnishings*...do
Apparel group*
do
Men's wear*__do
Women's wear*
do
Shoes*
do
«• Revised.
» Preliminary,
*New series. Comparable dollar figures for 1939--42 for the series on consumer expenditures are available on p. S-6 of the March 1943 Survey and later issues and p. 7 of the April
1943 issue; these monthly series, first presented in the October 1942 Survey (pp. 8-14), were later adjusted to accord with annual estimates published in the Survey for March 1943
(p. 20, table 9) and M a y 1942 (p. 12, table 3). Revised annual estimates, including a detailed breakdown of the date, are shown in table 2 on p p . 9-11 of this issue; the monthly series
will subsequently be adjusted to these revised annual data. Data for 1929, 1933, and 1935-42 for the new series under sales of all retail stores are shown on p. 7, and pp. 11-14, of the
November 1943 Survey and for the new series on chain stores and mail-order houses, on pp. 15 and 16 of the February 1944 Survey; see also note marked " * " on p. S-8 in regard to
the chain-store data.
tRevised series. Sales of retail stores have been completely revised; for figures for 1929, 1933, and 1935-42 and a description of the data, see p p . 6-14,19 and 20 of the November
1943 Survey.
S-8
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
June 1944
March
April j May
June
July
August
1944
September
October
Novem- December
ber
January
FebruMarch
ary
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Chain stores and mail-order house—Con.
Sales, estimated—Continued.
54
53 |
53
54
51
53
52
51
56
79
Drug*
mil. of dol—
41 !
39
40
42
42
44
Eating and drinking*
do
39
39 ;
40 i
42
381 i
358
332
354
386
384
Grocery and combination*
do
376
347 !
371 |
314
282 j
291
492
General merchandise group*
do
369
298
335 !
376
309 I
Department, dry goods, and general
169
171
147
166 !
147 i
175
170 |
149
196
191
253
merchandise*
mil. of doL.
41
41
53
31;
54
55 |
39 |
41
52
M ail-order*
do
59
67
92
97
96 !
103
95
97 !
105
178
Variety*
do
106
110
Indexes of sales:
Unadjusted, combined index*
102. 2
156.4
163. 3
166.1
150.1
146.0 i 148.6
167. 3
171.3
176.5
208.6
1935-39=100. 159. 8
152.8
158. 2
162.1
161.1
157.3 I 162. 0
164. 0
161.9
169. 3
161. 2
Adjusted, combined index*
do
114. 3
132. 6
120.2
135.9
117.1
120.6 i 122.6
115.7
144.4
146.9
134.0
Automotive parts and accessories*.do
146.4
150.2
159, 6
147.8
151.1
151.1 j 155. 2
157. 9
161. 5
166. 4
156.4
Building materials*
do
179.4
174.5
179.4
174.2
182.7
198.9 !
180.8
169.9
175. 8
150. 9
Furniture and housefurnishings*_-do
178.9
198.1
171.5
193.9
202. 2
178.3
177.7
208.1
200.9
201.1
213.1
194.6
Apparel group*
do.
157.2
153.2
158.1
179.3
133.4
163. 8
.-do
169. 7
173.3
156.4 i 168.7
161.9
Men'swear*..
246. 3
235.7
262.5
288. 9
198.0
243.3
291. 3
297. 9
254.3
Women's wear*
do
279.6
281.0 !
175. 4
116.3
145.5
133.1
161.8
136.0
149.4
152. 0
147.0
Shoes*
do
144.3
144.1
180.1
178.8
179.7
174.3
170.8
179.1
183.1
187.0
198.1
181.8
Drug*
do
178.1
177.6
172.7
177.3
165.4
182.3
172.5
169.7 |
181.1
168. 6
Eating and drinking*
do
181.4
173.7
164.9
161.5
169.1
170.3
165.0 i 162.4
169. 3
165.7
164. 0
155.8 j
Grocery and combination*
do
167.9
156.3
146.6
159.4
166.6
162.2
152.7 I
168.4
148.5
163.1
General merchandise group*
do
164.3
153.9
Department, dry goods, and general
167.4
170.4
154.3
162.3
166. 7
177.2
176.9
175.0
175.6
161.0
169.1
merchandise*
1935-39 = 100..
120.5
120.3
117.5
152.2
142.1
143.7
140.8
124. 0
134.6
128.5
90.1
Mail-order*
do
157.2
154.2
149.2
163.6
156.5
155. 9
166.7
161.6
161.9
154.5
146. 2
Variety*
do
Department stores*
Accounts receivable:
45
48
41
42
46
54
51
40
Instalment accounts!.-Dec. 31,1939=100-50
n
62
64
62
65
52
68
75
Openaccoimts§
do
91
65
53
Ratio of collections to accounts receivable:
31
29
33
30
37
31
32
37
SO
Instalment accounts§
percent..
35
62
62
62
63
62
63
62
65
66
Open accounts!
do
63
173
126
164
155
139
172
144
155
186
214
Sales, total U. S. unadjustedU935-39=100..
272
218
166
196 |
175
179
228
171
192
233
257
336
Atlanta*.do
152
102
155 I
138
110
161
130
145
255
161
84
Boston f
do
166
124
160 |
154
136
169
140
149
174
200
253
Chicago t
-do
168
126
163 I
155
143
172
146
156
182
214
262
Cleveland!
do
232
160
193
183
183
228
168
191
250
269
343
Dallasf
do
196
145
177
172
163
183
156
164
283
203
219
Kansas City!
do
166
117
151
144
132
158
124
139
224
168
192
Minneapolis!
do
140
89
129
122
98
136
115
124
226
156
181
New Yorkf
do
151
106
151
135
112
158
135
142
256
173
201
Philadelphiaf
do
208
141
190
177
155
193
166
181
332
212
252
Richmond f
do
188
137
172
166
152
183
153
164
277
194
224
St. Louisf
do
197
165
188
184
180
192
171
324
' 181
219
254
San Francisco
do
162
171
159
167
165
173
163
165
158
173
181
Sales, total U. S., adjusted!
do
210
221
181
209
201
222
185
208
196
222
220
Atlanta!
do
139
147
146
157
143
157
151
148
146
145
158
Boston!
do
151
168
155
145
161
167
157
154
146
Chicago!.
do
169
174
158
171
152
164
164
166
166
166
157
170
178
Cleveland!
do
211
220
195
220
208
232
185
215
191
>227
Dallas!
..do
231
179
183
173
187
174
181
168
174
163
194
203
Kansas Cityt—
do
147
148
147
144
149
156
142
146
138
148
166
Minneapolis!___
do
132
133
127
131
134
139
137
130
130
New York!
_
do
136
144
r
r
T
••148
154
148
143
162
150
'144
' 150
'160
'148
'153
Philadelphia!
do
193
200
186
187
198
184
187
182
197
Richmond!
do
191
215
171
185
157
177
173
168
172
184
164
188
197
St. Louis!
do
189
199
190
198
201
197
206
200
211
212
192
San Francisco
do
Instalment sales, New England dept. stores
5.6
5.7
7.0
6.3
6.3
5.1
6.8
6.2
percent of total sales..
Stocks, total U. S., end of month:!
149
144
132
136
166
134
160
135
170
165
133
Unadjusted
1935-39=100-.
143
160
160
143
167
142
133
127
131
152
143
Adjusted
do
Other stores, ratio of collections to accounts
receivable, instalment accounts:*
22
21
21
22
22
22
19
22
20
23
Furniture stores
percent..
21
21
21
21
20
18
18
22
22
23
Household appliance stores
do
34
34
33
33
31
33
30
55
37
39
Jewelry stores
do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol_. 123, 675 118, 532 133,981 120,845 121,285 103,052 111,041 133,422 149,087 156,922 167,290
47,443
54, 280
52,140
41,811
60,647
48, 247
52,192
54, 099
60, 656
64, 452
69, 294
Montgomery Ward & Co
do
63, 598
79,142
75, 428
66, 340
66, 746
69,145
61,240
73,325
88,441
92, 469
97,996
Sears, Roebuck & Co
do
Rural sales of general merchandise:
161.6
185.6
125.0
204.3
172.1
194.3
160.5
157.2
225.5
241.5
215.9
Total U. S., unadjusted
1929-31=100-.
152.7
173.5
108.0
184.4
164.0
198.1
157.1
148.9
214.0
242.5
190.9
East
do
192.3
239.7
151.6
291.6
228.0
227.3
197.5
184.5
322.7
271.1
320.4
South
do
145.9
158.9
111.4
178. 6
151.2
175.0
141.5
143.8
195.2
191.4
216.0
Middle West
do....
205.7
193.3
167.9
219.6
188.4
215.0
186.1
188.1
244.4
276.0
260.3
Far West
_._do
177.4
211.3
171.2
193.3
187.9
211.4
174.9
192.2
135.0
173.6
185.7
Total U. S.f adjusted
do
166.3
193.2
151.2
187.5
172.0
207.8
170.7
186.8
114.7
188.2
166.3
East
do
239.2
265.4
223.2
264.1
258.8
258.0
232.8
255.9
180.5
217.7
233.4
South
do
154.5
179.3
150.9
174.2
161.9
187.3
149.4
174.2
122.7
153.7
164.7
Middle West
do—.
215.8
234.9
204.8
187.6
211.0
240.7
207.0
204.2
169.1
203.4
214.6
Far West
do
52
42
376
248
350 !
257
125
35
81
124
42
84
146.3
174.5
118.7
170.5
166.3
240.3
150.0
335. 9
196.6
178.0
182.5
175.1
176.9
147. 2
169. 1
122.1
155.6
165. 2
224. 1
156. 9
319. 8
165.0
176.8
177.6
167.8
176.9
199.0
127.9
168.7
198.8 I
140.2
162.0
51 !
43
60
30
61
137
179
119
133
132
*177
145
119
112
122
152
149
166
174
224
148
175
165
206
197
160
134
'158
208
182
208
31
61
142
194
115
133
133
200
160
122
114
124
159
153
178
7a
176
225
148
164
166
241
203
176
137
' 157
r 209
194
209
6.4
6.3
137
153
147
154
20
22
31
20
22
31
95, 551
35, 810
59, 740
97, 662
37, 516
60,145
138.6
131.1
194.7
119.6
155.9
182.2
172.5
246.1
156.4
212.1
158.0
143.1
256.9
132.9
160.6
195.3
174.9
281.7
167.2
217.0
' Revised.
§Minor revisions in the figures prior to November 1941, which have not been published, are available on request.
*New series. Collection ratios for furniture, jewelry, and household appliance stores represent ratio of collections to accounts receivable at beginning of month; data beginning
February 1941 are on p. S-8 of the April 1942 Survey; data back to January 1940 are available on request; the amount of instalment accounts outstanding are shown on p. S-16 under
consumer credit. The new series for chain stores have been substituted for the several chain store indexes and dollar figures for individual companies shown in the Survey through
the January 1944 issue; for data for 1929,1933, and beginning 1935, see pp. 15 to 17, tables 2, 3, and 4, of the February 1944 Survey. The new indexes for chain, drug, and variety stores
differ from those shown in the Survey through the January 1944 issue, because the latter were on an identical store basis while the new series are based on data for all stores operated
by the reporting companies.
!Revised series. The indexes of department store sales for the United States and the indicated districts have been revised for all years; the revisions reflect primarily enlargement
of the samples, adjustment of indexes to 1929 and 1939 census data where necessary, and a recalculation of seasonal factors; in addition, all series have been computed on a 1935-39
base. The Boston index is a new series from the Federal Reserve Bank. Indexes for Atlanta, Dallas, and Richmond, have been shown on the revised basis beginning in the February 1944 Survey; indexes beginning 1919 for Dallas are on p. 20 of that issue, and indexes for Richmond beginning 1923 are on p. 22 of this issue; other indexes have been revised
in this issue. All data will be published later. For the department store stocks index, the former series on a 1923-25 base was recalculated on a 1935-39 base.
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
S-9
SURVEY OF CURRENT BUSINESS
June 1944
1944
April
1943
March
April
May-
June
July
SepAugust tember
1944
October
Novem- December
ber
January
Febru- March
ary
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Estimated civilian labor force (Bureau of the
Census):*
55.2
55.4
53.1
52.3
52.5
53.6
53.9
56.0
52.6
Labor force, total
_
.millions..
52.1
'52.0
51.4
51.2
51.4
36.9
37.0
36.0
36.0
36.3
37.4
35.3
35.1
34.9
35.7
34.8
34.6
Male
do
34.5
34.5
18.3
18.5
16.3
16.6
17.3
18.7
17.5
37.2
17.8
18.2
17.1
16.8
Female
do
16.6
16. 9
54.0
54. 4
51.2
51.6
52.6
54.8
51.7
51.3
52.2
53.0
50.4
Employment
do
51.0
50. 3
50. 5
36.2
36.4
35.4
35.5
35.7
36.7
34.6
34.4
34.8
34.0
35. 2
Male
do
34.2
34.0
34.0
17.8
17.9
15.8
16.1
16.9
18.1
17.0
16.9
16.4
17.4
Female
_
do
17.7
16.8
16. 3
16. 5
8.9
7.7
7,5
7.9
9.8
9.7
Agricultural.
...do
7.2
9.6
8.4
9.1
6.8
6.6
6.7
6.9
43.7
44.0
43.8
43.7
44.2
' 45.1
Nonagricultural
do
44.0
44.7
43.8
43.9
44.2
43.8
43.6
43.6
Unemployment
do
1.1
1.0
1.2
1.3
1.1
.9
.9
1.0
.9
.9
1.1
Employees in nonagricultural estab.tf
Unadjusted (U. S. Department of Labor):
Total
thousands.. 38, 506 • 39, 551 • 39, 724 rr 39, 674 • 39, 859 39,921 ' 39, 860 rr 39. 678 • 39, 718 • 39, 847 • 40,197 • 38, 965 38,835 ' 38, 675
r
16.753 • 16,908 " 17, 059 ' 17,182
17,136 ' 17,194 "17,238 • 17, 080 • 16, 825 16,735 ' 16, 511
Manufacturing
.do
16,260 ' 16, 747 • 16.774
r
r882
••889
'880
'888
845
Mining
do
889
' 915
'863
••903
'867
'858
'852
'858
T
r
1.385 ' 1,288 ' 1, 222 ' 1.169 ' 1, 091
672
Construction.
do
1,476
' 918
' 1, 402
'829
'715
'674
1,002
'764
3, 689 ' 3. 61'4 r 3, 688
3, 738 r 3,520
Transportation and pub. utilities.do
' 3. 683 ' 3, 669 ' 3. 664
3,704
' 3, 570 ' 3, 597 ' 3, 656 '
'
3,
722
3,
689
r
6. 920 ' 6,875 ' 6, 936
6, 959 ' 6, 932 ' 7,041 ' 6, 953 r 6,982
' 7, 245 ' 7, 554 ' 6, 919 r 6,867
Trade
do
' 6,920
7, 076
r
4,079
4, 127 ' 4, 080 r 4, 089 T 4. 102 ' 4 , J74 ' 4, 230 '4,172
'
4,078
'4,127
Financial, service, and miscl
do
4,037
4,126
'
4,125
'
4,128
5, 905 ' 5, 881 ' 5, 945 r 5,995
' 5, 962 ' 5, 913 r 5, 886 ' 5, 868
' 5, 822 ' 6, 071 ' 5, 807 r 5,830
Government
do
' 5,871
5, 847
Adjusted (Federal Reserve):
r
•
39,
737
•
39,
891
39,
740
38,
681
•
40,006
•
39,
775
'
39,
475
"
39,
479
•
39,
454
•
39,
876
•
39,
526
39,
347
' 39, 073
Total
.do
• 39, 486
16, 342 • 16,831 • 16, 858 ' 16,837 • 16, 908 • 17, 059 • 17, 097 r 17, 051 • 17,108 " 17,152 " 16, 995 "16,910
16, S19 ' 16, 594
Manufacturing...do
'878
849
' 893
'876
i '859
"862
'908 i i'893
Mining
do
'915
'888
'863
'862
'852
'869
r
r
707
'891
'786
1,263
'830
Construction
do
' 1,164 ' 1, 082 '1,020
' 733
' 1, 604 ' 1.476 ' 1, 358
'864
'936
r
3,757
' 3, 683 ' 3,687 ' 3, 720
3, 7S0
' 3, 779
Transportation and pub. utilities.do
3, 574 ' 3, 588 ' 3,597 r 3, 620 ' 3, 634 ' 3, 639 ' 3, 633 ' 3, 671
6, 973 ' 7, 110 ' 7. 006 ' 6, 988 '7.017
' 7, 000 ' 6, 962 ' 7, 096
7,043
' 7, 061 '7,015
' 7, 006 ' 7, 006
' 7, 047
Trade...
do
Estimated wage earners in manufacturing industries, total (U. S. Dept. of Labor)*
thousands.. 13, 203 13, 727 13, 735 13, 700 13, 827 13,911 13, 990 13, 935 13,965 14, 007 13, 878 r 13,669 13, 594 '13,410
7,997
8,319
8,240
8,145
8,252
8, 296
8,099
8,159
8,297
' 8,124
Durable goods.
do
8,456
8,321
8,389
8,403
1, 668
1,721
1,729
1,719
1,721
1,718
1,715
1,744
1,726
1,718
1,714
1,691
1, 731
Iron and steel and their products...do
1,736
Blast furnaces, steel works, and rolling
496
522
491
523
521
512
515
498
623
518
508
503
510
mills
thousands..
741
752
695
717
693
703
748
'750
695
714
751
751
734
Electrical machinery
___do
725
1, 199
1, 237
1,251
1,243
1,251
1,263
' 1, 250
' 1, 219
1,237
1,251
1,255
1,257
1, 233
Machinery, except electrical
do
1,248
Machinery and machine-shop products
493
497
496
493
499
484
491
501
500
483
487
499
495
thousands..
106
101
89
115
92
86
84
120
119
117
111
97
95
Machine tools
do
711
714
'739
751
759
'725
649
653
676
734
694
751
660
760
Automobiles
do
Transportation equipment, except auto2,304
2,257
2,221
' 2, 213
2,241
2,288
2,276
2,187
2,299
2,324
2,337
2,318
2,306
mobiles
thousands.. 2,177
710
736
724
728
731
702
733
743
720
707
708
739
Aircraft and parts (ex. engines)...do
1,040
1,082
1,080
1,079
1,049
1,083
1,030
1,051
1,060
1,086
Shipbuilding and boatbuilding do
1,090
1,084
397
413
415
417
'406
417
410
415
420
411
410
426
414
422
Nonferrous metals and products
do
425
482
467
434
' 432
479
436
482
480
479
463
454
484
463
Lumber and timber basic products. _do
235
262
264
256
236
234
264
262
263
253
265
253
246
Sawmills
do
Furniture and finished lumber products
343
352
362
356
'349
'354
356
357
360
358
359
361
360
thousands..
170
166
164
167
167
167
167
171
168
167
169
168
169
Furniture
_do
336
342
358
344
'339
357
352
359
351
358
358
351
360
350
Stone, clay, and glass products
do
5,206
5, 354
6,669
' 5, 286
5,541
' 5, 372
5,628
5,590
5,616
5,551
5,475
5,575
5,615
5,576
Nondurable goods
do
Textile-mill products and otherfiberman1,164
1,204
1,185
' 1,152
1,254
1,239
1,164
1,233
1,270
1,219
1,190
1,188
ufactures
.thousands. _ 1,130
1,187
Cotton manufactures, except small
461
478
471
455
502
497
490
488
474
484
472
459
473
wares
thousands. _
95
94
94
93
96
94
97
95
94
95
93
Silk and rayon goods.__
do
96
Woolen and worsted manufactures (ex.
162
159
158
160
161
174
170
168
165
161
160
dyeing and finishing) thousands..
171
158
Apparel and other finished textile prod810
783
822
808
865
823
903
853
833
825
815
834
ucts
thousands..
218
221
234
222
242
231
228
217
240
222
218
225
217
Men's clothing
do.
231
241
231
229
253
239
229
249
232
230
231
234
229
Women's clothing
do.
309
315
337
315
312
354
333
330
346
314
313
325
310
313
Leather and leather products
do.
178
187
178
197
185
184
193
177
176
183
175
176
176
Boots and shoes
do.
940
1,102
914
1,013
921
953
1,019
910
1,045
990
1,097
959
952
'941
Food and kindred products..
do.
251
247
264
254
251
253
247
258
263
251
259
258
257
Baking
do
248
125
109
162
171
109
235
'94
92
90
80
90
95
Canning and preserving
do
159
164
160
161
159
171
168
163
154
162
167
156
172
Slaughtering and meat packing...do
88
90
81
89
89
89
90
88
87
84
93
93
90
88
Tobacco manufactures
do
311
316
316
307
313
316
315
312
313
312
312
. 316
310
314
Paper and allied products
do
149
149
150
149
150
150
148
148
150
149
149
150
149
Paper and pulp.
do
Printing, publishing, and allied industries
334
338
334
329
334
' 336
330
330
339
342
342
'339
337
336
thousands. .
114
113
114
114
112
112
113
110
111
112
113
110
113
Newspapers and periodicals
do
127
137
135
128
129
137
132
130
135
137
134
133
137
Printing, book and job
do
"
6
1
2
739
744
738
729
745
666
734
743
741
658
'
626
740
692
Chemicals and allied products
do
114
113
119
123
117
122
121
120
118
113
116
122
123
Chemicals
.
do
124
123
126
126
126
125
127
122
125
126
127
'127
126
Products of petroleum and coal
do
83
79
82
82
84
85
80
82
82
78
81
83
83
Petroleum refining. _
do
194
'
2
0
2
186
195
192
186
199
195
'200
202
186
189
201
196
Rubber products
do
94
94
83
83
83
85
88
91
92
94
90
94
Rubber tires and inner tubes
do
Wage earners, all manufacturing, unadjusted
165.9
' 163. 7
167.6
167.7
167.2
168.8
170.1
161.2
169.8
170.5
171.0
r 166. 9
169.4
170.8
(U. S. Dept. of Labor)!
1939-= 100224. 3
225.6
225.9
228. 2
' 225. 0
221.5
228.5
230. 4
229.7
232.3
234.2
230. 4
232.7
' 229. 8
Durable goods
do
172.9
174.1
174.4
173.2
1U8.2
172.9
174.6
173.4
173.3
173.6
175.9
'170.0
175.1
173.6
Iron and steel and their products._.do
Blast furnaces, steel works, and rolling
127.0
12»». 4
134.2
134.6
134.5
134.7
133.3
131.2
131.7
130.7
128.2
132.6
129.5
mills...
-1939=100...
' Revised.
t Revised scries. The estimates of employees in nonagricultural establishments have been revised beginning 1939 to adjust, figures to levels indicated by final Unemployment
Compensation data through the last quarter of 1942 and to other data collected by government agencies; figures shown above supersede those published in all previous issues of the
Survey; revised estimates for earlier years are available upon request. The indexes of wage-earner employment and of wage-earner pay rolls (p. S-12) in manufacturing industries
have been completely revised; for 1939-41 data for the individual industries, except newspapers and periodicals and printing, book and job, and 1939-40 data for all manufacturing,
durable goods, nondurable goods, and the industry groups, see pp. 23-24 of the December 1942 Survey. Indexes for the totals and the industry groups have been further revised
beginning January 1941; data for 1941 are shown on p. 28, table 3, of the March 1943 issue.
•New series. Data beginning 1939 for the new series on wage earners in manufacturing industries will be shown in a later issue; data for the individual industries, shown in previous Surveys beginning with the December 1942 issue are comparable with figures published currently; the figures for all manufacturing, durable goods, nondurable goods, and the
industry groups are shown on a revised basis beginning with the March 1943 Survey. Estimates of civilian labor force, employment and unemployment are shown on a revised basis
beginning in the May 1944 Survey; for comparable figures for January-March 1942 and 1943 and earlier March data, see p. 4, table, 2 of that issue.
SURVEY OF CURRENT BUSINESS
S-10
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
June 1944
March
April
May
June
July
August
1944
September
October
Novem- December
ber
January
February
Marcl
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Wage earners, all mfg., unadj.t— Con.
Durable goods—Con.
275.5
268.3
271.1
267.4
268.4
283.4
289.8
Electrical machinery—
1939=100..
286.1
276.7
279.8
288.7
290.4
236.8
235.2
236.7
234.1
Machinery, except electrical
do
236.2
237.6
238.0 ' 236.5 r 234.1
226.9
236.8
233.3
239.0
Machinery and machine-shop products
r
242.6
243.4
238.7
240.9
244.4
246.4
1939=100.
246.9
247.4
245.6
246.4
244.9
243.7
301.8
328.5
318.5
312.8
324.3
266.0
Machine toolsj
-do
251.1
259.3
289.5
242.8
275.5
235. 3
172.6
161.4
164.0
167.9
Automobiles
do
162.3
177.5
186.7
188.6
188.9
176.7
186.7 ' 183.6
182.5
Transportation equipment, except automobiles.
1939=100. 1,371.8 1,378.1 1. 399.3 1,412.0 1,441.6 1,452.6 1,451.7 1,448.6 1,464.3 1,472.4 1, 460. 5 1,434.2 1, 422. 2
Aircraft and parts (ex. engines) • . . d o
1,768.8 1, 782.4 1, 789.2 1.824.1 1,846.3 1,855.0 1,834.1 1,862.3 1,871.8 1,841.7 1,813.5 1, 785. 4
Shipbuilding, and boatbuilding •_ ,do
1,488.0 1,518.0 1,531.0 1.564.2 1, 573.4 1,562.4 1, 559.4 1,565.2 1,567.7 1,557.7 1,514.8 1, 502. 3
180.6
180.9
173.1
178.8
178.8
Nonferrous metals and products
do
183.3
179.2
185.6
184.3
180.9
181.8
180.0
181.8
114.8
114.0
115.1
114.0
Lumber and timber basic prod
do
107.9
101.2
114.1
110.1
110.2
114.6
103.8
103.3
111.0
91.7
91.8
91.2
90.8
Sawmills
do
91.1
87.7
91.7
88.0
85.5
81.8
81.7
Furniture and finished lumber products
109.8
108.6
109.1
109.8
109.4
1939=100..
104. 6
111.0
110.1
108.9 '108.0
110.4
107.3
108.6
105.9
104.9
105.1
107.1
105.6
Furniture
do
106.3
105.5
104.8
106.5
104.1
104.9
104.9
121.5
122.5
122.0
122.1
114.4
122.3
Stone, clay, and glass products
do
119.5
119.3
119.7
121.8
116.6
117.3
119.8
122.9
121.0
121.7
122.0
122.6
Nondurable goods
do....
121.2
113.6
121.7
119.5 ' 117.3
116.9
123.8
122.6
Textile-mill products and other fiber man106.5
108.3
ufactures..
1939=100._
111.1
107.8
109.6
103.9
105.2
103.8
98.8
104.0
101.7
101.8
103.6
Cotton manufactures, except small
122.3
123.2
126.9
123.7
125.5
wares
do
119.6
119.2
119.5
120.8
116.0
116.3
118.9
79.3
79.9
81.8
80.1
Silk and rayon goods
.do
78.3
79.1
79.2
78.0
78.3
78.3
78.8
Woolen and worsted manufactures (ex110.9
113.8
112.6
110.5
cept dyeing and finishing). .1939=100..
107.8
107.7
106.0
106.5
108.3
107.5
114.6
107.4
Apparel and other finished textile prod103.2
114.4
105.6
109.6
108.0
112.6
ucts. __
1939=100..
104.2
104.1
104.6
102.3
102.7
105.7
99.7
110.6
104.1
106.9
105.6
109.7
Men's clothing.
do
101.4
101.1
99.0
101.6
99.5
102.7
84.6
84.4
88.7
87.8
93.2
91.6
Women's clothing
do
85.0
85.1
84.2
85.5
84.2
86.1
90.2
95.0
97.0
96.0
101.9
99.8
Leather and leather products
do
90.9
90.8
89.3
90.5
93.6
89.2
80.7
84.5
85.9
84.9
88.5
Boots and shoes.
_
do
90.5
81.6
81.8
80.3
84.0
81.2
115.9
119.3
106.9
111.5
106.5
Food and kindred products
do
118.5
129.0
112.3
128.4
122.3
"116. 6 107.7
111.4
113.9
109.7
107.1
108.9
107.1
Baking
do
110.1
114.3
108.6
112.1
109.0
111.7
111.8
80.8
120.3
68.2
81.2
66.9
Canning and preserving
do
59.5
93.0
184.2
' 70.5
174.9
127.1
'69.9
141.6
133.7
127.8
132.4
129.3
Slaughtering and meat packing...do
138.4
136.4
132.2
143.0
135.0
132.2
139.6
96.4
95.1
96.3
95,7
99.9
Tobacco manufactures
do
99.9
96.3
94.8
86.5
94.2
64.8
95.6
93.6
119.1
118.9
117.7
119.0
117.7
118.0
Paper and allied products
do
119.1
117.1
115. 6
118.2
118.8
117.6
118.0
109.1
109.1
108.4
109.4
108.4
108.9
Paper and p u l p .
.do
108.7
108.0
108.7
109.4
108.0
108.0
Printing, publishing, and allied industries
100.4
103.4
101.8
101.8
1939*100..
104.4 ' 103.3 ' 103.1
100.6
104.2
102.9
102.6
100.7
102.0
95.7
94.4
95.7
Newspapers and periodicals*
do..
94.9
95.2
95.8
95.4
93.1
94.4
94.9
92.6
94.7
100.6
106.6
103.2
104.6
108.5 ' 108. 4 ' 108. 4
101.0
108.3
106.1
105.6
102.0
Printing, book and job*
do_.
256.4
258.6
257.7
Chemicals and allied products.
do
254.8
240.1
258.3
253.0
230.9
257.0
256.9
228.2
256.1
212.4
163.2
168.2
166.2
161.7
177.2
162.4
Chemicals.
do
176.8
175.8
169.3
175.7
174.5
171.1
117.3
119.1
118.5
115.6
118.9
116.0
Products of petroleum and coal.
do
119.0
118.4
119.7
119.3
119.8
119.0
"l20.~5
109.7
112.6
111.0
107.2
113.4
108.4
Petroleum refining
.do
112.8
113.6
113.4
113.2
115.3
113.0
153.9
158.9
156.4
153.8
166.4
153.8
Rubber products
do
164.9
167.1 r 167. 1
160.3
161.3
161.2
162.1
153.9
161.7
157.1
153.0
172.7
153.3
Rubber tires and inner tubes
do
170.1
174.1
165.2
166.4
168.6
173.8
167.9
169.7
169.0
168.1
169.1 ' 167.8
168.4
Manufacturing, adjusted (Fed. Res.)t—do
170.9
161.9
169.6
170.1
168.3
166.9
225.9
229.4
228.3
224.7
232.8
225.8
Durable goods...
_
.do
234.0
221.6
230.0
232.2
230.0
230.3
228.8
122.2
122.6
122.3
123.5
118.9
123.2
Nondurable goods
do
121.2
114.8
121.9
121.1
119.6
118.4
118.1
Manufacturing, unadj., by States and cities:
State:
266.4
274.2
280.2
270.1
269.6
California*
1940=100..
260.4
274.3
277.7
269.4
281.4
272.0
297.7
284.7
185.9
201.4
189.6
193.6
198.2
Delaware
—.1923-25=100180.9
192.6
193.6
188.7
185.9
201.7
213.7
216.7
155.5
150.1
151.2
149.5
153.5
Illinois
...1935-39 = 100..
156. 5
162.8
163.0
162.0
161.8
156.4
159.8
157.7
190.7
192.4
190.0
192.2
190.1
Maryland
1929-31 = 100173.7
186.1
184.8
181.0
191.5
179.3
191.1
186.4
144.6
145.4
146.1
145.6
146.5
Massachusettsf
1935-39=100.
144.1
136.9
142.5
138.8
143.8
143.2
139.9
143.8
169.2
170.4
170.2
169.4
170.2
New Jersey
1923-25=100..
171.6
168.9
169.2
171.7
173.1 '173.3
160.4
159.5
159.2
160.7
159.4
161.4
New York
1935-39=100158.2
159.6
160.2
161.0
157.1
161.1
152.4
170.7
168.8
168.3
'168.0
170.6
170.2
Ohio..
do
167.1 ' 166. 6
170.6
169.4
169.3
170.0
121.7
122.6
121.3
123.0
121.8
122.6
121.9
Pennsylvania V_.
1923-25=100..
122.7
121.9
122.4
121.8
119.3
122.5
149.1
146.9
147.0
151.2
147.0
148.7
151.0
149.3
Wisconsin
1925-27=100148.4
151.0
151.6
149.8
148.2
City or industrial area:
184.9
182.5
181.8
185.2
182.3
169.4
181.4
182.7
Baltimore
1929-31=100..
177.9
175.2
182.1
182.1
182.0
152.7
152.8
154.0
151.9
155.7
157. 6
163.1
163.1
Chicago
1935-39=100..
157.1
162.1
161.8
156.6
159.9
r 187.9
190.2
192.4
190.1
193.1
189.7
190.3
186.9
184.9
189.6
Cleveland
do
192.4
189.9
165.0 ' 166. 5
169.9
171.5
173.7
177.9
176.8
176.7
175.7
175.0
175.6
175.5
Detroit
1923-25=100-.
177.0
283.3
287.1
289.0
293.2
294.2
293.3
283.7
286.8
297.8
294.2
292.1
302.4
292.9
Los Angeles*...
1940=100..
170.3 ' 170. 6
171.1
172.7
174.4
171.4
176.7
166.9
174.6
170.3
170.7
174.9
176.0
Milwaukee
1925-27=100..
139.9
137.7
137.4
135.6
140.2
141.6
134.3
139.8
138.0
138.0
140.2
138.8
141.0
New Yorkf
1935-39=100..
143.3
144.0
145.0
144.0
144.2
146.3
141.5
143.9
143.9
144.5
144.8
143.3
145.3
Philadelphia
1923-25=100128.4
129.7
131.7
131.8
132.4
132.3
131.3
129.3
131.3
132.0
131.5
132.2
131.9
Pittsburgh
do
321.5
320.6
330.1
335.2
327.0
336.1
303.5
321.5
349.6
320.0
318.2
357.2
342.4
San Francisco*
1940=100..
147.8
154.2
159.1
161.5
158.2
161.4
151.9
152.7
151.3
159.3
160.7
161.5
St. Louis
_
1937=100184.9
194.3
198.8
203.1
193.6
194.3
191.0
209.2
192.7
189.0
206.4
200.3
Wilmington
1923-25=100.. "I82~3
Nonmfg., unadj. (U. S. Dept.of Labor):
Mining:t
89.4
86.2
88.8
87.3
86.5
82.5
82.9
84.0
83.4
84.2
Anthracite
1939=10084.5
84.0
84.9
109.1
106.2
103.8
97.1
102.7
102.2
99.4
100.6
99.8
Bituminous coal
do
99.8
101.0
100.6
101.4
112.6
110.9
96.9
113.4
108.1
110.5
103.9
103.1
100.5
Metalliferous
...do
101.4
106.3
105.5
108.5
98.2
98.2
84.6
96.3
98.8
98.8
89.7
-82.9
Quarrying and nonmetallic—
do
91.3
94.1
98.1
••83.7
95.6
82.1
81.7
82.1
82.3
82.3
82.6
80.9
81.2
Crude petroleum and natural gasf
do
80.9
81.0
82.4
81.1
81.7
Public utilities:!
87.4
86.4
83.0
86.6
86.5
84.1
86.3
Electric light and power
do
84.5
84.9
85.5
83.8
83.6
86.1
118.9
115.5
117.5
117.1
117.7
117.7
Street railways and busses
do
118.4
118.1
118.0
117.6
118.7 ' 118.8 r 119.8
122.0
123.2
122.8
126.8
Telephone and telegraph§
_do
124.7
126.3
126.2
126.9
127.5
Services:!
126.5
125.2
125.1
128.9
120.7 r 116. 2
115.9
Dyeing and cleaning
do
113.8
118.7
119.4
120.0
114.2
111.2
118.4
118.4
119.6
118.7
109.9
117.4
109.4
Power laundries...
do
110.2
109.9
110.5
113.8
109.9
110.5
105.8
109.1
107.6
X05.1
106.7
108.8
108.9
Year-round hotels
._
. ——.do
104.9
109.0
108.0
107.8
r 108. 6
109.3
§Index is being revised.
<• Revised.
KIndex revised for 1941-42; see February 1944 Survey for data beginning November 1942; earlier revisions are available on request.
tFor data for December 1941-July 1942, which were not available for publication currently, see note marked "t" on p. S-10 of the November 1943 Survey.
• For data for December 1941 to February 1943 see note at bottom of p. S-35 of the May 1944 Survey.
fRevised series. The Department of Labor's indexes of wage-earner employment in manufacturing industries have been completely revised; see note marked " t " on p. S-9.
The seasonally adjusted employment indexes, revised in the April 1943 issue, have been further revised beginning 1941 to portray more accurately changing wartime trends. The
indexes are as yet available only for all manufacturing, durable goods, and nondurable goods, and for all manufacturing and for nondurable goods are preliminary. Earlier data for the
New York City employment index not shown in the July 1942 Survey and subsequent issues and for the Massachuestts index, shown on a revised basis beginning in the May 1943
Survey, will be published later. The Department of Labor's indexes of employment in nonmanufacturing industries have been revised to a 1939 base, and, in some instances, adjusted
to 1939 Census data; for data beginning 1939, see p. 31 of the June 1943 Survey.
*New series. Indexes beginning 1939 for newspapers and periodicals and printing, book and job, and beginning 1935 for the employment indexes for California and the Los A ngeles
and San Francisco industrial areas, will be shown in a later issue.
S-ll
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics t h r o u g h December
1941, together w i t h explanatory n o t e s
a n d references t o t h e sources of t h e
d a t a , m a y be found in t h e 1942 S u p p l e m e n t to t h e Survey
1944
April
1944
1943
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Nonmanufacturing, unadj.—Continued.
Trade:
Retail, total!
1939=100—
Food*..
do
General merchandising!
do
Wholesale!
.do
Water transportation*
do
Miscellaneous employment data:
Federal and State highways:
TotaU
numberConstruction (Fed. and State)
do
Maintenance (State) . . .
do _
Federal civilian employees.^
United States
thousands
District of Columbia
do
Railway employees (class I steam railways):
Total
thousands..
Indexes: Unadjusted!.
1935-39=100..
Adjusted!...
do _
97.7
107.1
111.5
95.0
221.2
138.5
140.7
94.9
98.3
106.3
110.4
97.3
117.0
100.8
'106.7
'116.2
96.5
124.9
08.5
105.6
112.5
95.1
131.8
98.9
105.7
112.7
95.8
143.0
06.6
104.2
108.6
96.0
152.5
102.8
105.4
95.3
162.1
97.4
104.5
110.6
93.9
170.3
100.6
107.2
119.2
94.2
176.7
104.2
108.2
130.4
95.5
176.9
112.6
108.7
156.5
95.9
190.8
97.5
106.8
'110.4
'95.1
198.9
96.0
106.6
' 106. 5
'95.7
205. 7
'96.9
107.8
' 108. 6
'95.4
'211.7
146,550
35,623
87,052
154,164
42,841
87,429
163,446
49,175
90,363
175,446
55,239
95,645
180, 228
26, 786
128,699
181,863
59, 547
98,090
175,939
55,875
95,814
170,515
50,817
95,943
156, 721
38, 634
94,092
138, 512
27,978
87,055
124,983
18,556
83,298
122, 543
16, 521
82, 773
122,340
15, 610
83, 056
2,979
285
3,006
283
3,031
280
3,002
278
2,972
276
2,838
271
2,806
267
2,798
266
2,823
265
i 3,032
263
2,820
263
2,828
264
2,839
263
1,352
129.9
133.2
1,374
132.0
134.1
1,378
132.3
132.9
1,411
135.5
133.7
1,418
136.3
133.5
1,406
135.1
132.4
1,400
134.5
131.3
1,394
134.0
129.6
1,388
133.4
132.2
1,380
132.3
134.3
1,384
133.0
138.3
1,414
' 135. 9
' 139.3
1,428
137.2
140.7
LABOR CONDITIONS
Average weekly hours per worker in factories:
Natl. Ind. Con. Bd. (25 industries)..hours..
U. S. Dept. of Labor, all manufacturing!
hours. _
Durable goods*
do
Iron and steel and their products*.do
Blast furnaces, steel works, and rolling
mills*
hours..
Electrical machinery*
__
do
Machinery, except electrical* _ _ do
Machinery and machine-shop products*
hours
Machine tools*..
do
Automobiles*
do
Transportation equipment, except automobiles*
hours
Aircraft and parts (excluding engines)*
hours. _
Shipbuilding and boatbuilding*.do
Nonferrous metals and products*.do
Lumber and timber basic prod*__.do
Furniture and finished lumber products*
hours..
Stone, clay, and glass products*__do
Nondurable goods*
do
Textile-mill productsand otherfiber manufactures*
hours
Apparel and other finished textile products* _ ._
hours
Leather and leather products*
do
Food and kindred products*
do
Tobacco manufactures*..
do
Paper and allied products*
do
Printing and publishing and allied industries* _ _ _ _ _ _ _
hours
Chemicals and allied products* do
Products of petroleum and coal*_.do
Rubber products*
do
Average weekly hours per worker in nonmanufacturing industries (U.S. Dept. of Labor):*
Building construction.
_
.hours..
Mining:
Anthracite
do
Bituminous coal
do
Metalliferous
. _
do
Quarrying and nonmetallic
_ do
Crude petroleum and natural gas
do
Public utilities:
Electric light and power
do
Street railways and busses
do
Telephone and telegraph§
do. _
Services:
Dyeing and cleaning
. do
Power laundries __
do
Trade:
Retail, total
_ _ do
Wholesale
do
industrial disputes (strikes and lockouts):
Beginning in month.
number
In progress during month..
___do
Workers involved in strikes:
Beginning in month
thousands. _
In progress during month.
do
Man-days idle during month
do
44.7
44.9
45.3
45.2
45.0
45.1
45.3
45.5
45.5
45.1
45.2
45.7
45.8
44.7
46.4
46.1
45.0
46.8
46.2
45.2
46.9
46.4
45.1
46.8
46.4
44.4
46.0
45.5
45.1
46.8
46.6
44.7
46 5
46.1
45.4
47 2
47.1
45.5
47.1
47.1
44.8
46 2
46.5
45.2
' 46.6
46.9
'45.3
'46.7
47.1
45.3
46.7
46.9
43.2
47.1
49.7
43.5
47.0
49.8
44.1
47.3
49.7
44.2
47.0
49.4
43.9
46.2
48.1
45.7
46.9
48.8
45.3
46.8
48.6
46.3
47.1
49.6
45.5
47.1
49.6
45.0
46.2
48.9
45.6
46.9
'49.4
46.2
'46.8
'49.1
46.0
4fi. 8
49. 1
49.6
52.0
45.7
49.6
52.0
45.9
49.3
61.8
46.3
49.2
50.7
46.2
48.0
49.5
46.0
48.4
49.1
47.1
48 2
48.9
46 3
49.2
50.7
47.6
'49.1
50.3
46.5
' 48 0
49.8
44 5
'48.9
50.7
'46.9
'48.6
' 50. 4
'46.3
48.7
51.0
46.3
46.8
47.5
47.5
47.1
46.8
47.0
47 1
47.5
47.6
46 5
46.7
46.9
46.9
46.2
46.9
46.6
42.4
47.3
47.7
46.8
43.1
46.8
47.8
47.1
43.8
46.5
47.7
46.9
44,4
45.5
47.9
46.1
42.7
46.1
47.6
46.6
45.2
46.6
47.6
46.7
43.5
46.8
47.9
46.9
44.2
46.8
48.3
47.1
43.4
45.8
47.1
46.3
42.8
47.5
45.7
47.0
41.2
47.4
r
46. 2
' 47. 0
' 42. 9
47.0
4fi.fi
47.0
43. 2
43.9
42.1
42.3
44.5
42.7
42.5
44.6
42.9
42.8
44.6
43.1
42.7
43.6
41.8
42.2
44.6
43.4
42.6
43.5
42.4
42 2
44.7
43.8
42.7
44.3
43.5
43.1
44.2
43.0
42 8
'43.4
42.6
'43.0
' 44. 2
43.2
43.2
44.4
43. 6
43.2
41.6
41.7
41.9
41.6
40.9
41.3
41 0
41.6
41.8
41 7
' 41.5
41.8
41.9
38.8
40.4
43.4
39.5
44.9
39.0
40.2
43.3
40.0
45.3
38.4
40.1
44.6
40.2
45.6
38.1
39.8
44.9
41.0
45.7
37.1
39.1
44.3
42.1
44.6
37.8
40.0
44.1
41.1
45.6
37.5
39.2
43.3
41.3
44 6
37.8
39.5
44.1
42.6
45.7
38.1
39.8
45.5
42.5
45.8
37.7
40.2
45 5
42.1
45 3
38.2
40.5
45.8
42.1
45.2
'38.7
'41.2
' 45 4
'41.3
45 fi
38.9
41.4
45.4
40. 9
45. 8
39.8
45.0
42.6
45.1
39.8
45.5
43.5
45.1
39.9
45.7
44.5
45.4
40.1
45.6
44.9
46.0
40.2
45.3
44.9
44.1
40.6
45.6
46.2
44.8
40.4
45.6
45.4
44 9
40.2
45.8
46.4
45 4
40.5
45.6
46.0
45 7
40 4
45.1
46.0
44 8
'40 7
45.7
45.6
45 2
' 40 7
45 8
4fi. 5
45 7
40. 9
45. 7
37.4
38.1
38.1
39.5
39.0
39.8
39.4
39.7
39.2
38.1
38.5
37. f,
3X 5
41.3
38.6
43.7
43.8
40.8
41.2
36.9
43.9
46.0
41.2
36.1
35.2
44.3
46.4
41.0
28.2
28.4
45.0
47.3
42.6
37.7
37.1
43.7
46.3
43.3
42.3
40.3
46 0
47.7
43.2
40.6
39 4
44 8
46.4
44.5
41.7
38 8
45 3
47.7
44.4
25.6
28.4
44 0
46.5
44.9
41.4
44 7
44 2
45.5
44.9
38.9
44 0
43 9
'43.6
44.4
46. 5
45.2
44.3
43. 8
45.2
41.7
44.5
44. 5
45. 3
45. 4
41.0
49.4
41.1
40.8
48.9
41.3
40.8
49.0
42.2
41.7
49.5
42.1
42 0
49.4
42.2
42 1
50.9
42.0
42 3
49.0
42.3
42 7
49.6
42.7
42 8
50.1
42 9
49.6
41 9
49.6
'42 8
' 50. 0
43.0
49.4
43.5
43.8
45.7
44.4
45.1
44.4
45.2
44.1
44.1
43.9
44.2
44.0
45.0
44.0
44.1
44.0
43.4
44.0
43 3
44.1
44 0
44.1
' 43. 5
43.7
44.0
43.7
40.6
41.7
40.3
41.8
40.3
41.7
41.6
42.5
41.7
42.4
42.1
42 9
40.3
42 6
39.9
42 7
39 6
42 9
39 4
42 8
40 2
r 42 5
41.0
42 6
41.7
42.8
435
475
248
272
416
'412
'458
'433
'475
'369
'408
'310
'347
' 237
'267
' 287
'320
' 325
348
' 355
'395
330
360
330
370
360
390
155
167
580
74
77
179
'219
'228
'662
' 2 558
'662
' 1,468
'2187
'2 585
' 4,699
'121
'201
'695
'106
'118
'356
67
72
'210
'121
'264
'1,013
' 2 136
'537
' 2,863
'263
'275
'787
110
120
625
115
130
470
115
125
415
r
45 7
r
Revised.
* December 1943 figure includes about 220,000 excess temporary Post Office substitutes employed only at Christmas.
2
There were 4 general stoppages in the coal-mining industry—1 in May, 2 in June, and 1 in November. These stoppages were, in effect, resumptions of the same dispute and in
the revised figures shown for "beginning in month" the workers involved are included only once (in the May figure); they, of course, are included for each of the months in figures for
' 'in progress during month" (in the June figure they are counted only once).
JTotal includes State engineering, supervisory, and administrative employees not shown separately.
§Index is being revised.
HData beginning June 1943 are not comparable with earlier figures as a result of differences in coverage under a new reporting system. Beginning that month, data exclude employees on terminal leave who were formerly included and include only personnel in 48 States and the District of Columbia; earlier data include some off continent employees. The
estimated United States total for June 1943 comparable with earlier figures is 3,068,000. The total beginning November 1943 reflects a further change in reporting resulting in an
upward adjustment of 24,558 in that month. Data cover only paid employees; figures beginning June 1943 shown in the March 1944 and earlier issues included persons serving without pay and $1 a year employees which were not reported previously. District of Columbia data for June-October are partly estimated.
^Revised series. For data beginning 1939 for the Department of Labor's revised indexes of employment in nonmanufacturing industries, see p. 31 of the June 1943 Survey. For
revision in the Department of Labor's series on average weekly hours in all manufacturing industries, see note marked " ! " on p. S-13. The indexes of railway employees have been
shifted to a 1935-39 base and the method of seasonal adjustment revised; earlier data not shown in the May 1943 Survey will be published later.
*New series. Indexes beginning 1939 for retail food establishments and beginning 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning 1939
for all series on average hours for the manufacturing and nonmanufacturing industries shown above will be published in a later issue.
S-12
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
June 1914
March
April
May
June
July
1944J
August
September
October
Novem- December
ber
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
U. S. Employment Ser. placement activities:
Nonagricultural placementst
thousandsUnemployment compensation (Soc. Sec. Bd.):
Continued claims
thousands..
Benefit payments:
Individuals receiving payments* _.do
Amount of payments
.thous. of dol__
Labor turn-over in manufacturing establishments:^
Accession rate mo. rate per 100 employees
Separation rate, total
do
Discharges
do
Lay-offs
do
Quits
_
do
Military
do
Miscellaneous .
- - do
PAY ROLLS
Wage-earner pay rolls, all manufacturing,
unadj. (U. S. Dept. of Labor)f_. 1939=100.
Durable goods _ -..__
do
Iron and steel and their products do
Blast furnaces, steel works, and rolling
mills..
1939=1001
Electrical machinery
do
Machinery, exceDt electrical
do_ _
Machinery a n d machine-shop products
1939 = 100
Machine toolst
do
Automobiles
do
Transportation equipment, except automobiles
1939=100
Aircraft and parts (ex. engines) A-.do
Shipbuilding and boatbuildingA do
Nonferrous metals and products . do
Lumber and timber basic products. do__.
Sawmills
do
Furniture and finished lumber products
761
718
689
708
862
880
907
909
858
834
721
788
745
77£
475
945
695
610
592
547
489
389
330
354
413
••542
564
591
83
5, 471
182
10, 750
131
7,355
119
6,382
100
5,938
91
5,554
89
5,191
75
4,433
61
3,546
56
3, 540
64
4,274
84
5,277
104
6,156
7,35
8.32
7.69
.57
.52
5.36
1.12
.12
7.43
7.54
.53
.64
5.41
.87
.09
7.18
6.57
.55
.45
4.81
.69
.07
8.40
7.07
.61
.50
5.20
.69
.07
7.83
7.56
.68
.50
5.61
.69
.08
7.62
8.16
.67
.46
6.30
.67
.08
7.73
8.16
.62
.53
6.29
.64
.08
7.17
7.02
.64
.51
5.19
.61
.07
6.62
6.37
.63
.69
4 46
.52
.07
5.19
6.55
.60
.99
4.38
.50
.08
6.47
6.69
.69
.79
4.60
.53
.08
304.5
421.0
297.6
309.7
430.4
301.7
313.5
437.1
303.5
317.1
441.6
304.6
315.6
439.7
299.6
322.2
448.2
308.1
328.0
460.7
312.8
332.6
468.8
318.6
336. 5
474.6
320.1
328.3
461.2
316.7
327.9
••461.8
317.9
215.3
453 7
417.7
217.4
454.7
, 422.3
222.2
458.9
427.2
223.8
463.9
428.0
223. 7
462.8
420.1 >
229.9
475.3
423.9
232.7
487.7
435.2
232. 6
494.7
441.4
226.8
506. 2
445.7
222.5
500 0
440.5
223. 6
509.7
' 445.3
421.5
559.1
283.9
429.3
555.2
286.7
432. 5
547.2
297.1
435.1
526.3
305.8
425.5
491.2
314.3
429.9
470.2
324.2
440.5
455. 3
339.3
447.4
455.8
359.5
" 450. 4
441.3
351.3
443.0
425.6
334 4
' 454. 6
419.8
351.1
2, 583. 3
2, 935. 9
2, 900. 8
312.1
179.4
143.5
2. 692. 9
3,103. 6
3, 006. 7
318. 5
186.2
151.4
2,736. 7
3,121.9
3, 064.1
322.0
196.1
160.4
2, 768.0
3,192.1
3, 104. 0
325.0
200.8
163.8
2, 790. 6
3,167. 9
3,165.7
321.1
193.3
156.2
2,805.5
3,198. 9
3,169. 8
325.4
206.0
169.0
2, 933.1
3,341.6
3,312.2
336.8
197.7
162.1
2,947. 6
3, 378. 3
3, 288. 3
338. 2
200.9
163.8
3,039.1
3, 433. 4
3, 435. 3
343.9
197.4
160.2
2,901.1
3, 323. 5
3,231.9
335.4
188.6
151 2
2, 859.9
3, 438. 9
3,011.8
337.8
175.9
139.0
2,854 5
3, 381.1
3, 033. 5
335.7
182.0
146 1
2,819.1
174.9
169. 5
181.9
190.7
177.9
171.5
185. 3
191.7
178.9
171.5
187.7
192.6
181.1
174.2
189.6
195.4
178.6
171.8
184.4
194.2
185.5
179.2
192.3
199.0
183.2
176.7
188.5
198.3
191.0
184.4
194.0
199. 6
191.1
184.8
195.2
201.4
188 9
183.2
192.2
198.4
' 185. 8
181.3
187.7
r
196. 9
187 9
184.1
188.9
198 1
188.1
183.4
189.4
196. £
182.4
181.2
180.7
178.7
173.0
173.2
172.0
174.4
176.2
175.9
171.9
174.3
173. S
217.4
133.5
217.1
135.0
216.0
135.4
211.3
135.3
207.0
130.8
203.6
133.6
204.8
131.5
205.1
136.1
207.4
137.9
207.2
138.7
199.1
135.6
202.2
138.8
202. S
138. i
208.3
205.4
205.0
206.8
198.2
198.3
194.9
197.6
198.6
198.0
197.2
199.4
199. C
177.5
168.5
148.0
158.1
143.7
151.3
145.8
98.9
180.4
143.3
173.1
165.6
174. 8
169.7
143.8
155.9
141.0
150.3
143.4
114.1
170.4
146.8
175.5
167.2
164.3
162.8
131.0
153.0
137.3
158.5
147.8
117.0
190. 5
144.4
178.0
170.3
161.7
159 1
130.6
150.8
134.4
167.4
151.6
137.2
200.8
149.3
180.9
172.9
155.8
151.3
125.3
145.9
131.4
175.9
153.4
200.7
203.9
153.5
176.3
168.8
164.1
153.8
137.5
147.8
135.4
187.8
152.5
316.3
202.6
151.1
181.9
175.2
163.4
153.8
136.1
143.1
131.1
184.8
155. 3
304.4
192.4
154.1
176.7
168.4
164.1
158.2
132.1
143.2
129.8
182.2
159.0
224.2
201.2
160.2
183. 0
174.1
165.6
161.8
132. 6
146.1
133.1
186.0
163.6
164.4
232. 3
162.5
184.8
174.9
163. 5
156.7
133.2
147.2
133.4
182.9
163. 2
149. 0
238.7
161.1
183.7
174.6
167.5
156.5
141.4
147.3
134.0
179.9
160.6
'131.8
243.2
158.2
183.3
173.2
175 4
163 2
148.3
'151.6
137.8
176.6
161.1
'133.0
226.6
154.9
185.1
176 3
178. «c
167.2
152. £
153.1
139. C
174.4
163. f
126. ?
212.2
146. e
185. f
176. <
122.3
108.2
127.7
409.7
255.4
166. 8
154.2
246.2
239.7
121.7
109.8
123.9
423.6
261.8
173.9
162.8
248.1
240.2
123.0
110.7
126.1
425. 2
265. 4
182.3
170. 5
250.9
243.9
126.4
112.0
131.4
432.5
274.0
187.5
175.2
264.0
256.5
127.0
112.4
132.7
435.7
277.0
190.3
179.9
256.1
253.3
128.8
112.7
134.8
435.8
281.0
197.1
184.8
258.4
253.8
128.9
114.5
133.1
438.4
285.5
195.0
182.4
273.4
277.2
131.0
114.4
138.2
437.6
294.1
197.7
185. 5
278.0
279.3
133.7
115.2
141.9
428.6
296.6
196.3
185.5
287.7
289.0
134.9
116.0
143.9
405.5
294.0
197.3
186.4
285. 5
286.8
' 134. 7
' 113 0
147. 0
390.4
296 1
201.6
192.2
' 293. 0
295.6
135. i
114.
146. t
372.,
294. ]
204.1
195.'
294.:
299.1
466.1
316.0
249.5
359.0
271.8
290.7
285. 8
319.0
189.3
256.8
486.2
330. 9
255.7
391.4
274.7
295.9
288.6
320.0
191.2
260.1
495.0
346.1
259.8
376.4
278.0
297.7
284.9
325. 3
193.2
259.8
503. 2
355.8
266. 3
376.4
282.1
301.9
287.7
328.9
195.9
265.2
507.7
370.0
267.4
384.6
275.4
296.5
283.6
326.1
194.1
259.0
539.2
387.8
273.3
385.7
280.7
295.0
291.4
333.9
198.7
263.6
540.4
400.2
281.2
396. 0
285. 7
315.4
294.6
338.5
200.4
259.4
524.1
371.4
289.1
397.6
287.6
313.2
299.7
350.8
202.7
271.0
532.0
364. 3
298.1
409.6
290.8
319.5
304.3
351.3
204.6
276.4
508.6
358.8
296.3
389.7
285.6
306.1
297.4
344.3
202. 7
270.6
513.6
351.3
301.3
380.2
277.9
309.2
299.6
343.9
202.0
275.9
511.7
342.2
299.8
379.4
278.0
r 502. 2
340. ,r
299. f
367. i
281. f
299.7
' 343. 7
' 205. 5
279.1
298.1
339. {
' 204.f
278.1
354.5
249.1
' 388. 3
488.6
294.6
234.9
248.1
205.5
560. 4
320.1
384.1
254.6
394.4
512.0
^297.6
235.5
251.9
207.1
574. 7
336.8
370.2
258.2
404.9
520.6
296.4
226.7
253.8
211.6
582. 5
352.6
370.8
263.9
406.6
523.0
300.6
228.7
258. 0
215.5
596. 6
362.3
f 378. 3
264.4
402.8
523.4
296.6
226.2
254.8
215. 0
611.0
375.8
377.2
270.0
413.4
537.0
301.4
238.0
255.5
223.3
642.7
383.9
387.0
278.1
408.1
542.2
301.7
241.7
263. 2
224.4
670. 3
395.4
392.4
285.3
420.5
532.5
309.2
245.5
265.2
224.1
631.1
367.6
404.5
297.0
423.7
545. 5
313.6
252.0
276.3
222. 6
653. 8
369.9
386.3
297.6
415.9
530.8
304.2
248 3
269. 2
224. 5
611.9
365.2
378.0
301.5
412.4
555. 3
309.9
246.4
269.1
221.9
604.7
362.1
376.4
300.9
415. 6
553.8
312. 4
250.7
' 269.1
230.4
602. 2
351.4
363."
301. £
410.4
' 545. ?•
308.'
251.?
' 271.1
1939=100
Furniture
do
Stone, clay, and glass products
do
Nondurable goods
_
do
Textile-mill products and other fiber
manufactures
1939=100
Cotton manufactures, except small
wares
1939=100
Silk and rayon goods
.
do
Woolen and worsted manufactures (except dyeing and finishing). 1939=100..
Apparel and otherfinishedtextile products
1939=100..
Men's clothing
do
Women's clothing
do
Leather and leather products _ _ do
Boots and shoes
do
Food and kindred products
. . do
Baking
do
Canning and preserving
do
Slaughtering and meat packing...do
Tobacco manufactures.._
do
Paper and allied products
do
Paper and pulp
do
Printing, publishing, and allied industries
1939 = 100Newspapers and periodicals*
do
Printing, book and job*
do
Chemicals and allied products
do
Chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Rubber tires and inner tubes
do
Manufacturing, unadj., b y States and cities:
State:
499. 3
California*
._
_
1940=100
328. 9
Delaware..
.1923-25=100..
294.4
Illinois
1935-39=100
351.2
Maryland
1929-31 = 100
273. 3
Massachusetts!
1935-39-100
N e w Jersey
1923-25=100..
New York.
1935-39=100.. ~~~285.~9
Ohio
_
do
199.3
Pennsylvania®.
...1923-25=100.273.4
Wisconsin
_ . 1925-27=100
C i t y or industrial area:
346. 0
Baltimore
1929-31-100
296. 7
Chicago
.
1935-39=100
Cleveland
.
do
540.2
Los Angeles*
1940=100..
305. 2
Milwaukee . . .
1925-27=100
236.7
N e w Yorkf
1935-39-100
259. 9
Philadelphia.
1923-25=100..
228. 4
Pittsburgh
do
582. 2
San Francisco*...
1940=100 .
334. 7
Wilmington..
1923-25-100..
r
f
r
' 134. 7
112.3
' 147. 6
396.1
297.7
196.9
185.0
288.4
288.9
r
5. 46
6. 52
.64
.76
4, 56
.49
.07
5.04
7.2"
.M
.8'
4 9f
327. 5
459. 9
318.4
324. f
454. £
314.1
225.2
512 7
438.0
222. S
513./
432. S
447 4
404.1
341 0
441.1
399. C
335.4
r
r
r
r
r
r
r
r
r
.0/
330. f
182. £
146."
nS9 .'
317. (
' Revised.
t See note marked "f" on p. S-10.
A. For data for December 1941 to February 1943, see note at bottom of p. S-35 of the May 1944 Survey.
•Average weekly number, based on an average of the weeks of unemployment compensated during weeks ended within the month.
cfRates beginning January 1943 refer to all employees rather than to wage earners only and are therefore not strictly comparable with earlier data.
<g>See note "1"» P- S-10.
tRevised series. The series on placements by the U. S. Employment Service has been revised beginning in the August 1943 Survey to exclude agricultural placements which are
now made only cooperation with the Department of Agriculture extension service; comparable earlier data are available on request. Indexes of wage-earner pay rolls (or weekly wages)
in manufacturing industries have been completely revised; see note marked " t " on p. S-9. Earlier data for the revised pay-roll index for New York City not shown in the July 1942
Survey and subsequent issues, and for the Massachusetts index, shown on a revised basis beginning in the May 1943 Survey, will be published later.
* New series. Data beginning 1939 for the indexes of pay rolls for the newspapers and periodicals and printing, book and job, industries and beginning 1935 for the indexes
of pay rolls for California and the Los Angeles and San Francisco Bay industrial areas will be shown in a later issue.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
S-13
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
1944
1943
March
April
May
June
July
A ust
^
tlSber
October
Novem- December
ber
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Nonmanufacturing, unadjusted (U. S. Dept. j
of Labor):
!
Mining:!
!
Anthracite
1939=100..'
Bituminous coal....
_
...do
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gas!
do
Public utilities:!
Electric light and powTer.._
.do
Street railways and busses
do
Telephone and telegraph If
do
Services:!
Dyeing and cleaning.—
do
Power laundries
__do
Year-round hotels
do
Trade:
Retail, total!.
_
do
Food*
do
General merchandising!.
_do
Wholesale!
do
Water transportation*
do
152.7
202.1
165.5
150.2
107.0
150.2
189.9
167.5
162.8
109.6
127.1
176.4
170.2
166.3
111.9
99.3
142.9
172.0
169.5
117.4
133.1
190.0
164.3
168.9
120.3
150.6
203.8
169.2
174.8
119.7
144.2
202,4
171.6
168.0
124.4
146.5
198.0
170.2
169.4
122.1
105. 9
150.7
136.7
106.4
152.0
139. 4
106.5
153.8
143.8
107.7
156.0
145.0
110.5
156.1
148.2
111.9
162.1
149.1
111.4
157.6
149.9
111.8
158.9
149.0
150. 2
145.2
130.4
176.2
150.7
132.1
177.8
153.8
134.5
182.5
154.6
137.4
170.6
152.4
139.7
164.3
147.3
140.8
170.6
146.2
143.7
173. 4
149.1
147.2
115.0
r 124. 2
"127.3
124.0
271.9
119.0
126.4
133.0
125.1
288, 0
117.1
125.8
129.7
124.3
307.7
121.1
130.2
133.3
126. 5
326.7
119.9
131.6
131.4
127.1
345.3
119.7
131.2
127.8
129.5
363. 2
119.9
128.7
130.5
127.9
384.4
123.3
130.4
138. 7
129.5
393.6
44.30
41.75
47.79
46.47
45.02
42.48
48.67
47.08
45.92
43.08
49.25
47.61
46.16
43.25
49.33
47.84
46.14
42.76
48.76
47.09
46.25
43.52
49.61
48.32
47.13
44.39
51.01
49.14
r 47. 47
44.86
51.26
49.74
47.58
45.32
51.67
49.78
47.15
44.58
50.50
49.34
47.56
' 45. 29
' 51. 21
50.14
'48.15
r 45. 44
r 51. 37
50. 35
48. 30
45.62
51.52
50.24
47.24
44. 93
51. 59
47.95
45.17
52.14
49.12
45.64
52.48
49.62
45.59
52.31
50.01
44.81
51.13
51.59
45.68
51.92
52.67
46.47
53.22
52.88
46.44
53.87
51.74
46.53
54.16
51.42
45.97
53.84
r
52.49
47. 04
54. 69
53.11
r 47. 03
' 54. 30
52. 74
47. 24
54. 50
50. 69
55.09
55.62
51.13
55.50 !
55.77 '
51.16
55.29
57.00
51.21
54. 23
57.10
50.30
52.62
57.18
50.64
52.49
57.41
52.12
53.43
58.43
52.61
55.34
59.50
' 52. 83
55. 05
58.26
<• 52. 99
53.36
55. 72
55. 93
>• 58.86 r 58. 11
53.29
56. 97
58. 18
r
r
157.8
225.0
155.6
144.9
125.7
122. 0
133.7
131.7
133.4
490.5
WAGES
Factory average weekly earnings:
Natl. Ind. Con. Bd. (25 industries).dollars..
U. S. Dept. of Labor, all mfgt
-do
Durable goods!
...do
Iron and steel and their prod.!___do
Blast furnaces, steel works, and rolling
mills!
..dollars..
Electrical machinery!
do
Machinery, except electrical!
do
Machinery and machine-shop products!
dollars..
Machine tools
_
do
Automobiles!do
Transportation equipment, except automobiles!
dollars..
Aircraft and parts (excluding engines)
dollars. _
Shipbuilding and boatbuilding-do
Nonferrous metals and products!_do
Lumber and timber basic prod-!_-do
Sawmills
do
Furniture and finished lumber products!
dollars. .
Furniture!
do
J
Stone, clay, and glass products!.-do
!
Nondurable goods!
do
i
Textile-mill products and other fiber j
manufactures!
dollars..' Cctton manufactures, except small
wares!
dollars.Silk and rayon goods!
do
Woolen and worsted manufactures (exc
dyeing and
finishing)!
dollars..'
Apparel and other finished textile prod- j
uctsf
.-dollars..!
Men's clothing!
do
!
Women's clothing!
do__I_i
Leather and leather products!
do
j
Boots and shoes
do..1.1
Food and kindred products!
do
!
Baking
....do.
Canning and preserving!
do.
Slaughtering and meat packing.do
Tobacco manufactures!
do
j
Paper and allied products!
do
!
Paper and pulp
do \
Printing, publishing, and allied indus- i
tries!
d ollars..!..
Newspapers and periodicals*...do
Printing, book and job*
do
Chemicals and allied products!._.do.
Cheniicals
.'...do.
Products of petroleum and coal!-.do
..__
Petroleum refining
do
!
Rubber products!
..do
i
l
Rubber tires and inner tubes., do
Factory average hourly earnings:
j
Natl. Ind. Con. Bd. (25 industries).. do. ' .
U. S. Dept. of Labor, ell mfg.f
d o . . . . !!
Durable goods t
'__
do
Iron f;r.d steel and their products!.do
•
Blast furnaces, steel works, and roll- I
ing mills!
.dollars. !
r
r
r
52.08
54.90
55.49
r
54.48
55.77
56. 29
56.00
55. S8
56.35
58.88
58.47
59.93
57.75
' 57. 91
r 58.48
58. 70
47. 29
58.46
46.13
29.68
28.31
49.69
59.50
46.85
30.82
29.75
49.67
60.04
47.76
32.28
31.49
49.78
59.83
47.42
32.90
32.06
48.82
60.55
46.79
31.51
30.50
49. 26
60.80
47.39
33.72
32.99
51.98
63.68
48.75
33.41
32.70
51.74
62.91
48.26
34.17
33. 34
52.30
65.61
48.65
33. 59
32.69
51.45
62. 23
47.87
32. 78
31.59
r
54.05
' 59. 67
48.79
r
31. 77
r
30. 37
r
r
'
r
r
53. 09
01. 42
48.99
33. 30
32.20
31.39
32. 22
34.86
33.08
32.13
32.86
35.57
33.58
32.74
33.14
36.16
34.07
33. 05
33. 68
36.38
34,29
32.48
33. 05
35.49
34.01
33.45
34.29
37.06
34.55
33.58
34.23
37.02
34.73
34.73
35. 56
38.15
35.18
34.55
35.32
38.19
35.73
34.56
35.64
37.63
35.61
r
r 35. 01
35. 89
37. 97
>• 36. 37
27.36
27.54
27.82
27.56
27.16
27.46
27.68
28.04
28.30
28.27
r
24.36
26.26
24. M
26.67
24.78
27.05
24.33
26. 69
24.14
26.41
24.03
26. 97
24.58
26.79
27.78
24.77
27.97
24.83
27.90
34. 24
35.09
37. 53
r
36. 03
r
35
29
44
55
28.30
28. 07
28. 88
24.68
r 28. 29
25. 20
28. 52
33.15
33.39
S3. 56
33.97
33.35
34. 08
33.81
34.24
84. 43
34. 48
34.85
27.44
29.31
33.31
29. £9
28.15
34.12
34.42
27.23
36.40
24.80
35. 79
38.87 I
26.01
28.93
31.45
29.95
28.24
35.55
35.40
27.45
41.09
25. 29
36.21
39. 58
26.63
28.64
31.53
29.81
27.90
36. 01
35.76
20.95
41.75
26. 45
36.47
39.83
26.16
27. 56
31.34
29. 09
27.43
35.40
35.98
26. 38
42.01
27.41
35. 55
39.04
27. 48
28.34
33. 74
30. 00
28.49
35. 46
36.01
28.80
41.37
27. 04
36.66
40.44
27.86
2S. 80
33.93
29.89 I
28.38 |
34.08
36.80
26.52
40.11
27.67
36.17
39.36
27. 86
29.45
32.91
30.22
28.33
35. 94
36.43
28.13
41.94
28. 54
37. 11
40. 63
28.19
30. 06
32.97
30.05 i
28.77 I
37.72
36.69
28.34
47.08
28.60
37.19 !
40.57 !
28. 01
29.71
33.10
31. 07
29.18
37.95
36. 07
29. 09
46.54
28. 29
37.01
40. 37
28. 89
* 29. 77
* 35. 28
r
31.35
29. 50
38. 43
30. 01
30.19
46. 80
r
28. 42
37.24
40. 24
39. 08
43. 52
36. 71
40.14
47.15
46.48
49. 36
44. 74
52. €8
39.32
43.79
36.81
41.00
48.10
48.33
51. 58
45. 01
52. 54
39. 82
44.29
37.63
41.54
48.53
49.93
53.42
45. 63
53.15
40.34
44. 80
38.12
42.04
49. 23
50. 65
54. 03
47.10
54.60
40.08
45. 62
37.27
42.13
49.45
51.14
54. 75
44. 94
52.48
40. 68
45. 69
37.74
42.32
49.94
52.53
55. 86
44.90
51. M
41. 73
46.27
38. 78
42. 73
50. 08
52. 44
55. 34
47. 46
55.18
41.33
40. 33
39. 11
42. 64
50. 34
f-2. 99
50.12
48. 08
56. 49
41. 55
46. 25
39. 29
42. 50
50. 40
52.81
56.20
48.72
57.12
41.68
46. 76
39.84
42.21
49.42
53. 04
50. 30
47.94
55. 84
* 42. 49
' 40.33
M 0 . 87
r 42. 91
50. 40
52. 88
55. 80
48. 18
55. 79
.887
.934
1.020 !
1.C08 |
.998
.844
1.040
1.019 :
1.009 I
.953 ;
1.050
1.026 j
1.016
.9o9
1.054
1.031
1.020
.963
1.P60
1.035
1.020
. 905
LOGO
1.037
1. 036
. 983
1. 097
1.0C6
1.030
.988
1.1*6
1.050 |
1.041
.980 j
1.097 i
1.057 ;
1. 045
.885
1.083
1.061
r
1.C89 I
1.109
1.120 j
1.122 I
1.140 i
1.130
1.164
1.142
1.139
1.144
i
35.
36.
38.
30.
24. 06
27.75
27.16
29.03
33. 65
29.49
28.07
33.72
34.20
20.42
36.04
24.21
35.11
38.41
j
j
!
i
53. 93
00. 80
48. 88
33. 03
31.94
35.05 J
35.32
r 30. 1 1
r 30. 88
' 30. 83
r 32. 05
r 30. 13
r 38.05
30. 91
r 30. 75
44. 70
r 28.00
r
37. 70
41.19
30. 70
31.08
37. 70
32. 30
30. 44
38. 04
37. 42
30. f>6
43. oO
27 75
38! 11
41. 45
r 42. 48
40. 78
• 40. 00
r 42. 78
50. 57
53. 99
57. 32
49. 04
57. 21
42.87
47.17
41.18
42. 82
5L07
54. 50
57. 80
49. 07
58. 38
1.046
1.002
1.099
1.009
1.048
]. 003
i. 100
1.00'J
1.052
1.000
1. 102
1.071
1.151
1.150
r
(
1.143
r
Revised.
^[Indcx is being revised.
JPata beginning November 1942 are not strictly comparable with figures for prior months because of a change in the reporting sample.
fKeviscd series. For revised data beginning'1939 for the indexes ot pay rolls in nonmanufacturing industries, see p. 3f'of the June 1943 Suivey. The Department of Labor's
*New series. Indexes beginning 1939 for retail food establishments and beginning 1940 for water transportation are shown on p. 31 of the June 1943 Survey.
average weekly earnings in the newspapers and periodicals and printing, book and job, industries will be published later.
Earlier data for
S-14
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
June 1944
1943
March
April
May
June
July
August
1944
September
October
Novem-! December | ber
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average hourly earnings—Continued.
TJ. S. Dept. of Labor, all mfg—Continued.
Durable goods—Continued.
Electrical machinery!
dollars..
0. 965
0.954
0.961
0.970
0.993
0.986
0. 995
1.010
0.970
0.974
0. 988
'1.003
'1.005
1.056
1.059
1.092
Machinery, except electrical!
do
1.038
1.047
1.109
1.063
1.064
1.086
1.101
' 1.106
' 1.107
1.095
Machinery and machine-shop prod1.084
1.021
1.040
'
1.089
L092
1.028
1.037
1.079
1.076
ucts!
__ . .
dollars..
1.045
1.048
1.068
' l.Of.O
r
1.069
1 104
1.107
1.055
1.064
1.086
1. 102
1.065
1. 067
1 092
1.094
1 070
Machine tools
do
1.116
r
1.217
1.231
1.236
1.
262
1.247
I.
255
Automobiles !
.do
1.243
1.257
1. 215
' 1. 255
1.219
1.250
1.2£3
Transportation equipment, except auto1.242
1.189
1.251
1.164
1.174
1.185
1.259
' 1. 247
mobiles!
dollars
1.194
1.199
1.250
1 231
' 1 240
Aircraft and parts (excluding engines)
1.124
1.052
1.063
1.070
1.073
' 1.138
1.143
1.025
1.070
dollars
1.115
' 1.138
1.106
1.117
1.255
1.321
1.319
1.246
1.255
' 1.318
1.246
1.264
1.277
' 1. 3C6
Shipbuilding and boatbuilding..do
1.337
1.313
1.359
r
1.043
1.014
1.033
1.034
1.038
1. 040
Nonferrous metals and products ! do
.990
1.001
1.011
1.017
1.029
1.015
1.044
Lumber and timber basic products!
.771
.741
.766
.774
' . 770
.715
.737
.700
.773
dollars
.738
.746
.768
' 771
r
.751
.729
. 756
. 757
.681
.699
.726
.757
Sawmills
do
.733
.759
.763
.763
.725
Furniture and finished lumber prod.782
.734
.722
.741
.792
.786
.772
.789
.715
.745
.750
.780
ucts!...
dollars..
.777
.752
.761
.803
.812
.816
.733
.740
.771
.799
.807
.765
.793
.797
Furniture
do
.882
.843
.844
.875
.833
.849
.854
.879
.828
.873
.871
'. 881
Stone clay, and glass products ! do
.878
.832
' .842
.782
.803
.846
.790
.829
Nondurable goods!
do
.806
.811
.823
'.838
.796
.824
Textile-mill products and other fiber
.682
. 690
.664
.664
.678
manufactures!
dollars..
.664
.677
. 686
.657
.660
.665
.675
.674
Cotton manufactures, except small
.589
wares!
dollars. _
.591
.593
.596
.597
.605
.588
.590
.599
.593
.599
.586
.586
r
.673
Silk and ravon goods+
do
.642
.644
.666
.647
.655
.660
.C60
.637
.643
.657
.630
. 669
Woolen and worsted manufactures (exc.
.824
.833
.804
.809
.801
.809
.813
.825
.827
.831
.817
.821
.799
dyeing and
finishing)!
dollars..
Apparel and other finished textile
.789
.727
.743
.693
.699
'.
750
.704
.705
.743
.740
.700
.737
.778
products!
dollars..
.803
.752
.779
'. 793
.743
.746
.746
.776
Men's clothing!
do
.745
'.775
.768
.738
.775
.967
'.952
.885
.888
'.924
.834
.831
.909
.891
.893
.837
.808
.843
WTomen's clothingt
do
.782
.770
'.778
.773
.749
. 750
.765
'. 774
.729
.739
.747
.744
.765
Leather and leather products!
do
.747
.730
.738
'. 743
.721
733
.740
.709
717
.718
.714
702
.736
Boots and shoes
do
.834
.839
.802
.829
'. 838
.804
.815
.839
.797
.801
.788
.799
.777
Food and kindred products!
.do
.829
.802
.815
.818
.801
.819
.822
.793
.804
.811
.787
.775
.818
Baking
do ._
.759
.758
'. 766
.749
'.762
.739
.736
.697
.702
. 681
.706
.696
Canning and preserving!
do
.698
.903
.909
.913
.884
.918
.913
.871
.877
.890
.848
.879
.836
.877
Slaughtering and meat packing.do
.679
'. 078
.645
.672
.629
.658
.673
'.675
.620
.65)
.670
.670
.613
Tobacco manufactures!
do
.832
.817
.824
.804
.812
.812
.794
'.828
.798
.811
.782
.790
.797
Paper and allied products!..
.do
.870
.863
.866
.869
.851
.859
.851
.861
.842
.845
.860
Paper and pulp
do
.838
.858
Printing, publishing, and allied indus1.039
' 1.044
1.048
1.002
1.026
' 1.044
1.033
1.006
1.028
.982
.988
.998
.997
tries!
dollars. .
1.224
1.224
' 1. 216
1.200
1.215
1.213
1.187
1.209
1.193
'1.217
1.156
1.168
1.177
Newspapers and periodicals* do
f
. 970
.973
'.973
.941
.939
.905
.947
.955
.912
.920
.903
.896
.898
Printing, book and job*
do
'. 934
.937
.932
.936
.928
.931
'.939
.937
.922
.909
.892
.901
.930
Chemicals and allied products!...do
1.094
1.076
1.071
1.076
1.082
1.089
1.055
1.064
1.086
1 047
1 053
1 076
1.087
Chemicals
do
1.162
1.168
1.142
1.153
1.155
1.137
1.148
1.091
1.122
1.128
1.161
1.139
Products of petroleum and coal!..do
1.111
1.241
1.225
1.217
1. 2C8
1.223
1.220
1.237
1.202
1.196
1.214
1.183
Petroleum refining
do
1.161
1.235
1.087
1.059
1.066
1.070
1.066
1.073
1.024
1.015
1.057
1.005
.992
.998
1.019
Rubber products!
do
1.256
1.224
1.240
1.164
1.238
1.240
1.167
1.183
1.231
1.162
1. 222
1.159
1.181
Rubber tires and inner tubes..-do
Factory average weekly earnings, by States:
190.4
189.8
179.6
190.2
184.8
188.8
184.8
187.8
188. 6
183.0
182.7
180.5
174.4
179.7
California*
.. .
1940=100
175.1
179.2
179.0
179.4
177.2
174.4
172.2
174.9
181.0
172.7
177.4
168.0
176.7
163.6
Delaware
.
1923-25=100
191.7
191.2
185.4
177.9
186.4
189.6
188.8
176.8
184.3
173.5
175.0
175.1
181. 5
170.1
Illinois
. . . 1935-39=100
200.2
202.2
200.4
202.2
200.7
192.9
195.6
199.2
189.2
190.6
190.9
199.9
?00.5
187.0
Massachusetts!
1935-39=100
209.8
220.2
209.1
210.6
213.5
210.9
220. 9
217.6
206.6
214.6
221.7
New Jersey
1923-25=100
187.6
192.1
189.4
180.5
186.3
181.8
188.6
177.9
179.0
177.8
182.9
186.0
190.8
New York
1935-39=100..
179.9
191.3
182.8
183.2
181.4
185.0
188.5
190.2
189.6
' 194. 0
180.1
188.1
190.6
192.8
177.6
Pennsylvania
1923-25=100
184.6
184.4
178.4
179.3
177.1
176.8
173.8
176.6
181.0
182.8
182.7
184.1
174.7
Wisconsin
1925-27=100
174.8
Nonmanufacturing industries, average hourly
earnings (U. S. Dept. of Labor):*
1.295
1.230
1.292
1.296
1.235
1.273
1. 295
1.242
1.240
1.231
1.297
1.246
1.258
Building construction
dollars
Mining:
1.162
1 037
1.043
1.073
1.153
1.060
1.063
1 111
1 160
1 245
1.060
Anthracite
do
1 078
1 070
1.124
1.128
1.188
1.176
1.120
1.150
1.165
1.119
1.150
1.144
1.168
'1.195
1.178
Bituminous coal
do
.982
.992
.949
.962
.984
.986
997
.997
.999
.983
.995
993
992
Metalliferous
do
.831
.781
.792
.815
.776
.785
.815
.766
.800
.812
.811
'.828
Quarrying and nonmetallic
do
'.827
1.099
1.069
1.103
1.129
Crude petroleum and natural gas
do
1.068
1.100
1.113
1.125
1.160
1.130
1.120
1.144
1.127
Public utilities'
1.051
1.038
1.092
1.034
1.020
1.060
1.076
1.063
1.078
1.082
1.078
1.097
' 1.091
Electric Mght and power
do
.879
.857
.870
.876
.881
.899
.905
' . 906
.887
.896
.893
.930
'. 923
Street railways and busses
...do
.845
.854
.857
.850
.855
.861
.868
Telephone and telegraph •
do
.866
Services*
.619
.648
.650
.648
.641
.685
.648
Dyeing and cleaning
do
.676
.697
.708
.666
.685
.705
.523
.536
.545
.544
.549
.550
.584
.583
.604
.563
.576
.596
Power laundries
do
.598
Trade:
r
.671
.650
.663
.657
.675
.678
.691
' . G92
.684
Retail
._
do
.680
.684
-685
.676
r 957
.909
.923
.934
.926
.933
.944
Wholesale
do
956
959
.966
.952
953
' 966
Miscellaneous wage data:
Construction wage rates (E. N. R.):^
.874
.842
.863
.863
.863
.869
.858
Common labor
dol. per h r . .
.869
.869
.869
.869
.869
.870
.869
1.63
1.61
1.62
Skilled labor
. do
1.61
1.62
1.62
1.62
1.61
1.62
1.62
1.61
1.62
1 62
1.62
Farm wages without board (quarterly)
81.15
67.21
» 71.84
76.00
dol. per month
75.44
76.0C>
.839
.842
.843
.848
.843
Railway wages (avg., class I)©_.dol. per hr_.'
.845
.857
.871
.873
.855
.936
.944
.966
1
r
Farm wages as of June 1 (data now collected for selected months between quarterly reports).
Revised.
X Data are not strictly comparable with figures prior to July 1942 published in the Survey, because of a change in the reporting sample.
• Index is being revised.
B 1943 figures will be revised to include adjustment for pay raise retroactive to February 1943, when data become available,
i Rates as of May 1: Construction—common labor-, $0,874; skilled labor, $1.63.
t Revised series. For an explanation of the revisions in the U. S. Department of Labor's series on hourly earnings in manufacturing industries, see note marked "f" en p. S-1S.
The index of weekly earnings in Massachusetts has been revised to a new base; data beginning March 1942 are ID the May 1943 Survey; earlier data will be shown later.
* New series. Data beginning 1939 for the Department of Labor's series of hourly earnings in the newspapers and periodicals and printing, book and job, industries and in nonmanufacturing industries will be published later. Data for building construction, the mining industries, dyeing and cleaning plants, and power laundries relate to wage earners only;
for crude petroleum and natural gas, the clerical field force is included; for the public utilities, all employees except corporation officers and executives are included; and for the trad e
groups, all eemployees
p l o y e e s except corporation officers, executives,
executive and other employees whose duties are mainly supervisory. Data beginning 1935 for the index of factory average weekl
ekly
i
i California
C l i f i will
ill be
b shown
h
i a subsequent
b
t iissue.
earnings
in
in
S-15
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
1944
1943
March
April
May
June
August
July
September
October
Novem- December
ber
January
February
IMarch
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Miscellaneous wage data—Con.
Road-building wages, common labor:
United States average
dol. per hour..
East North Central
do
East South Central
do
Middle Atlantic
do
Mountain
.._
do
New England
_do
Pacific
do
South Atlantic
...
do
West North Central
do
West South Central.
do
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programs §
mil. of dol_Old-age assistance, and aid to dependent
children and the blind, totaL.mil.of dol__
Old-age assistance
do
General relief
do
I
0.G8
.94
.59
.91
.83
.89
1.07
.67
.69
.59
0.62
.87
.52
.84
.90
.87
1.02
.52
.71
.50
0.64
.90
.57
.88
.85
,90
1.04
.54
.74
.52
0.68
.88
.58
.95
.92
.85
1.05
.57
.79
.54
0.71
.91
.57
.91
.85
.83
1.09
.59
.75
.57
!
j
I
I
'
0.73 |
.96
.54
.95
.86
.86
1.05
.59
.78
.55
i
0.74
.94
.55
.93
.87
.87
1.06
.61
.79
.55
0.76
.95
.58
.94
.80
.97
1.10
.59
.80
.58
P78
87
77
77
77
78
v 71
p 57
*8
66
52
11
67
53
9
69
65
9
69
56
8
56
8
0. 78
.96
.62
1.01
.87
.98
1.02
.64
.82
.CO
0.74
.93
.60
,94
.80
.93
1.08
.63
.80
.58
0.72
.92
.56
.94
.74
.90
1.13
.64
.74
.58
0.68
.96
.53
.91
.75
.76
1.07
.62
.70
.56
0 65
86
54
84
73
(!)
1 11
.59 I
.64 i
j
0. t!4
, 93
. 50
.88
. 76
79 I
71 I
7S
LOfi
. til
.70
71
8
FINANCE
BANKING
Agricultural loans outstanding of agencies
supervised by the Farm Credit Adm.:
2, 355
2,584
2. 319
2,423
2, 582
2,585
2,582
2, 566
2,528
2,289
?, 475
2, 505
Total, excl. joint-stock land bks__mil. of dol..
2,443
2,380
1,706
1,764
1.673
1, 651
2,023
1,900
1,868
Farm mortgage loans, total...
do.
1,996
1,970
1,953
1,927
1,833
1,729
1,797
1,
315
1,274
1,520
1,602
1,489
1,472
1,406
1,358
1,540
1,431
1.290
1,452
Federal land banks..
do.
1,332
1,381
463
455
391
378
406
483
475
468
427
383
Land Bank Commissioner
do.
447
416
397
437
175
114
113
245
227
124
119
118
Loans to cooperatives, total
do
244
202
120
225
157
199
Banks for cooperatives, including central
102
102
221
197
106
107
235
111
189
111
bank
mil. of dol._
171
148
215
238
4
11
11
11
7
3
3
Agr. Mktg. Act revolving fund... do
11
8
8
4
9
9
11
518
521
422
470
414
444
462
498
421
444
Short term credit, total
do
509
479
408
434
Federal intermediate credit banks, loans
to and discounts for:
Farm Credi 1 Administration agenciesd1
284
282
305
276
279
309
311
290
275
285
mil. of dol..
302
304
272
268
41
41
39
39
36
32
34
36
40
38
Other financing institutions
do
34
32
31
32
199
233
245
257
259
217
233
249
215
Production credit associations
do
253
234
214
200
201
54
32
56
14
22
32
47
24
55
Regional agr. credit corporations.-do
21
53
39
46
29
108
124
124
123
121
124
112
119
121
112
116
Emergency crop loans.
.do
117
109
108
40
43
43
43
42
42
39
39
39
Drought relief loans
do
42
42
41
41
40
3
14
12
18
17
3
3
16
12
3
11
Joint-stock land banks, in liquidation. do
3
11
3
60, 423
64, 073 69, 055
59, 323 66,877
58, 930
58,339
69,090 64,981
Bank debits, total (141 centers)f
do
54,580
59, 604
60, 2S0
58, 542
68,365
24,062 29,193
25,737
25,464
23,976
28,936 27, 031 27, £92 29, 644
New York City
do...
25, 297
21, 221
27, 913
23,990
23,327
35, 261 37, 683
40,155 37, 950 36, 481 39,411
Outside New York City
do
32, 602
34, 959
34, 954
34, 933
33,359
40, 452
35, 215
35, 614
Fed. Reserve banks, condition, end of mo.:
29, 599
30,462
31,545
33,955 33, 978 33, 448 33, 808
28, 548
31,146
Assets, total
mil. of dol. 34, 870
28,347 28, 982
31,354
32,488
12, 092 12,571
9,823
12, 239 12,428
6,191
6,846
6,647
7,576
8,685
9,466
Res. bank credit outstanding, total—do...
13, SCO
9,384
10,763
26
34
5
5
63
16
Bills discounted
^_do.-_
118
13
13
31
59
12
22
9,354
6,455
6,222
7,202
8,187
11,543 12, 073 11, 632 12,115
United States securities.
do.._
13, 220
9,088
5,919
10,348
8,919
19,866
19,
736
20,096
Reserves, total
do
19, £46
20, 656
20, 614
20,582
20,508
20,785
20,389
• 20,101
20,344
20, 268
20, 202
20,224
20,163
19, 766 19, 746 19,536 19, 423
19, 265
Gold certificates...
do.__
20,413 20, 303
20, 261
20,071
20,011
19,947
19,898
34, 870
29,599
30,462
33,955 33,978 33,448 33,808
Liabilities, total
...do.__
28,347 28,982
28,548
31,146
31, 545
32,488
31,354
14,022
14, 557
15,060
15,181
Deposits, total
do
13,981
14,131
13,459
14,665
15, 248 14, 383 14,478
14,206
14,160
14,387
11,889
12. €84
12,204
12,085
12,590
12, 886 12,917 12,311
12,031
12,086
Member bank reserve balances. __do
12,759
12, 401
12,855
11,864
1,162 i
512
1,212
1,236
773
1,268
Excess reserves (estimated)
do
1,518
1,123
1,684
1,112
2,315
1,728
1,102
985
17,316
|
13,872
14,
364
15,663
16,906
17. 559
17. 969
12,758
16,312
Fed. Reserve notes in circulation...do
13,128
13, 539
14,921
15,266
17, 024
62.7 i 61. C
73.8
62.6
59.1
Reserve ratio
percent..
77.7
68.9
75.8
76.4
69.0
68.0
65.8
62.3
70.9
Fed. Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
32, 289
33,840
30,098
33, 651
33,895
31,873
32,327 | 32.. 660
31,386
Demand, adjusted
mil. of dol.. 34, 649
35, 733 30, 601 31, 774
Demand, except interbank:
Individuals, partnerships, and corpora32, 609
32, 536
34, 297
32. 649
30,112
31, 395
33, 688
35, 533 30,903 | 32,039
33,970
32, 006
tions.
. . . . m i l . of dol.- 34, 357 31,815
1,696
1,706
2, €05
1,782
1,838
1,913
1,890
1,922
1,676
1,741
1,852
1,846
1,834
1,766
States and political subdivisions..do
7,196
7,
231
12,
030
10, 235
2,266
8,044
7,981
5,652
4,777
3,072
12
110
9,068
11,833
11,462
United States Government
do
fi,622 5,479
6,219
5,688
6,037
6.487
5,837
6,106
6,403
5,960
6,350
5,527
5,633
5,919
Time, except interbank, total
do
Individuals, partnerships, and corpora5,859
6,037
6, 213
5,530
5,792
6,445
5,677
5,929
6,306
5,480
6.169
5,381
5,749
5,361
tions.
mil. of dol.,
118
131
119
118
114
123
129
120
123
89
123
119
115
121
States and political subdivisions..do
8,592
8,483
8,036
7, 954
9,148
8,879
8,716
8,593
8,817
8,818
8,753
8,858
9,195
8,805
Interbank, domestic
do
38,895
41,755
40,
994
36,
358
37,003
40,418
37,035
40,
746
31,935
39,196
35,135
37,
394
40,
945
40,141
Investments, total
do
37, 434
34, 351
37, 159
36, 972 26, 766 29,917
32, 467
31,414
32, 347
32, 282 34,334
36, 242
35, 565
36,163
U. S. Gov't direct obligations, total.do
3,238
3, 848
3,247
4,860
4,478
4,405
3,918
2,773
3,524
3,660
3,755
4,360
4,840
5,636
Bills
do
9,270
9,165
8,910
8, 750
9,043
8, 968
6,991
7,029
7,635
8,691
4,993
8,368
6,532
6,883
Certificates
do
18,026
17,643
18,
541
15,
685
15,988
17,651
17,618
18,105
14,357
15,
760
16,250
18,
284
13,821
16,659
I
Bonds.
.do
4,916
4,720
5,727
3,878
4,852
4,864
7,251
7,126
4,188
4,188
4,873
5,528
4,947 |
4,197
Notes
do
Obligations guaranteed by U. S. Govern1,829
1,818
1, 758
641
1,881
1,876 '
1,776
1,739 |
653
1,992
1,725
1,767
1,850
1,940
ment
.mil. of dol..
2,874
2,786
2,935
2,986
2,800
2.857 |
2,907
2, 805
3,063
2, 931
2,816
3,229 I 3,226
3,077
Other securities.
do
11,802
11,697
9,485
9,704
11,025 i 10, 839
11,431
10,256
9,479
11,535 I 11,018
9,456
10, 637
9,788
Loans, total
do
fi 4/>8
6,421 j
6,207
6, 396
5, 735
6,394 ! 6.305
6, 035
5,912
5,542
5,628
Commerc'l,mdust'l,andagrie'lt
do
5,850
5,662
1,328 |
1,994
1, 649
1,697
1,667 | 1,482
1,447 |
617
1,127
1, 253
1,652
1,046 |
1,014
992
To brokers and dealers insecurities, -do
Other loans for purchasing or carrying
936
578 !
379
358
635
491
424
961
1.061 !
880
629
344
504 j
securities
mil. of dol..
1,108
1,129
1,125 !
1,089 I
1,158
1,135
1,099
1,081
1,074
1,157 1,145
Real estate loans
...do
1,162 ! 1,161 1 1,150
63
102 I
79
89 |
28
76
86 |
55
62
94
47
74
Loans to banks
do
54 I
83 I
1,341
1,222 !
1,350 i
1,319
1,368
1,240 I
1,215
1,276 I 1,265 1,391
Other loans
do
1,203
1,367 I 1,387 I 1,345
f
l
Revised.
v Preliminary.
No projects in New England during February 1944.
c?Agricultural credit corporations, production credit associations, and banks for cooperatives; to avoid duplication these loans are excluded from the totals.
§Includes through June 1943 earnings of persons employed under Federal emergency work programs shown separately in the April 1943 and earlier issues; by the end of June
1943 these emergency programs had been liquidated.
fRevised series. Bank debits have been revised beginning May 1942 to include additional banks in the 141 centers: see p. S-15 of the September 1943 Survey for revised figures
beginning that month; monthly averages (partly estimated) on the new basis for the entire year 1942 are as follows: Total, 47,892; New York City, 18,905; outside New York City
28,986.
The series on commercial, industrial, and agricultural loans includes open market paper no longer reported separately.
S-16
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1944
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Sup- April
plement to the Survey
June 1944
1944
1943
j
March
April
May
June
July
August
September
January
Febru- March
ary
Octo- November
ber
December
1.00
4.00
1.50
1.00
4.00
1.50
2.10
2.75
3,12
1.00
4.00
1.50
FINANCE—Continued
BANKING—Continued
Money and interest rates:^
Bank rates to customers:
New York City
percent..
7 other northern and eastern cities do
11 southern and western cities
do
Discount rate (N. Y. F . R. Bank)... do
Federal land bank loans . .
do
Fed. intermediate credit bank loans do
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers, 90 days
percent..
Com'l paper, prime, 4-6 months..do
Time loans, 90 days (N. Y. S. E.)~do_ —
Average rate:
Call loans, renewal ( N . Y . S . E . ) . - d o
U. S. Treasury bills, 3-mo
do
Average yield, U.S. Treas. notes,3-5yrs.:
Taxable*
percent. Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. ofdol._
U. S. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do
1.00
4.00
1.50
2.05
2.71
2.73
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
2.10
2.76
3.17
1.00
4.00
1.50
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
1.00
.374
1.00
.374
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.375
1.00
.374
1.00
.375
1.00
.375
1.36
1.32
1.30
1.29
1.31
1.31
1.29
1.30
1.30
1.32
1.36
5, 677
5,726
5,813
5,867
5,922
5,949
5,982
6,051
6,168
6,221
6,258
6, 322
1, 517
12
1,546
12
1,578
12
1,620
11
1, 660
11
1, 683
10
1,716
10
1,753
10
1, 788
10
1,833
9
1,867
9
1,906
9
5, 368
2,338
1,071
287
r 5, 262
2, 244
1,020
260
r 5, 103
2,139
955
235
5, 095
2,075
896
208
•• 4, 883
1,999
838
196
4,810
1,939
807
190
r 4, 909
1,917
786
186
5,123
1,882
778
177
5,158
1,939
816
175
'4,818
1,836
745
169
4,862
1, 785
707
167
4,836
1,804
696
167
279
196
322
91
51
124
1,267
312
190
319
81
50
120
1, 224
299
178
308
72
48
114
1,184
290
168
301
64
47
108
1,179
287
155
286
55
45
101
1, 155
283
149
279
48
44
97
1,132
278
148
272
42
44
94
1,137
277
151
269
37
45
94
1,114
273
160
266
32
48
95
1, 104
270
174
271
29
66
101
1,123
273
158
248
24
55
91
1,091
267
147
236
21
51
85
1,078
266
144
231
19
52
83
1,108
276
106
14
17
127
22
21
122
15
20
118
14
18
118
19
19
114
15
19
112
15
17
113
18
17
111
16
18
109
15
17
110
20
19
106
13
17
105
16
17
109
23
19
164
30
30
184
38
39
179
31
36
174
29
34
174
35
35
170
30
34
168
29
31
169
32
31
167
28
30
165
29
31
165
32
32
161
27
31
161
29
29
164
38
35
363
61
67
387
86
86
170
87
1,343
1,031
650
378
62
71
159
87
1,331
1,029
r
658
366
58
70
151
85
1,275
1,027
r
662
371
SO
75
143
86
1,338
1,014
r
668
363
62
70
140
85
1,222
994
' 674
357
64
70
133
84
1,198
996
677
358
70
69
129
85
1,275
1,038
''679
354
07
71
125
84
1, 366
1,073
r
6S0
355
70
69
121
84
1,463
1,084
r 691
372
95
78
117
86
1,498
1, 034
687
360
53
65
112
85
1, 294
996
r
692
356
60
64
106
84
1,218
962
'•697
369
94
81
104
86
1,376
955
701
89
90
87
88
85
85
85
85
81
82
80
81
82
82
83
83
85
84
86
82
281
19
35
265
31
33
39
2
203
20
23
43
3
1
227
15
31
33
2
2
5
7
124
7
18
26
2
2
5
0
0
2
3
4
1
109
16
27
33
4
2
4
155
9
26
31
2
1
3
1
0
3
145
13
20
28
1
i
1
4
2
1
4.00
1.50
2.70
2.98
3.38
1.00
4.00
1.50
4.00
1.50
1.66
.44
.69
1.25
.44
.69
1.25
.44
.69
1.25
1.00
.373
1.00
.373
1.00
.373
1.33
1.39
5,663
1,493
13
1.00
4.00
1.50
2.36
2.76
3.24
1.00
4.00
1.50
1.00
4.00
1.50
.44
.69
1.25
.44
.69
1.25
1.00
.375
1.36
6,383
1,946
9
1.66
CONSUMER SHORT-TERM CREDIT
Total consumer short-term debt, end of month*
mil. of dol...
Instalment debt, total*
do
Sale debt, total*
do
Automobile dealers*
do
Department stores and mail order
houses*
.mil. of dol...
Furniture stores* . .
do
Household appliance stores*
do
Jewelry stores*
do
All other* _
do
Cash loan debt, total*
do
Commercial banks, debt* . _ do
Credit unions:
Debtt
do
Loans made
do
Repayments^
.
do
Industrial banking companies:
Debt
do
Loans made .
do
Repavments
do
Personal finance companies:
Debt . . .
_
do
Loans made
do
Repayments .
do
Repair and modernization debt*..do
Miscellaneous debt*
do
Charge account sale debt*
do
Single-payment loans, debt*§
do
Service debt*
do
Indexes of total consumer short-term debt, end
of month:*
Unadjusted.
.
1935-39=100
Adjusted
do
r
r
5, 010
1,891
777
181
r
r
r
80
SI
80
79
I N D U S T R I A L AND C O M M E R C I A L
FAILURES
G r a n d total
number
Commercial service, total
do
Construction, total...
do
Manufacturing and mining, total
do
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products-.
do
Food and kindred products
. do.. Iron and steel productsdo
Leather and leather products
do
L u m b e r arid products
do
Machinery
do.
Paper, printing, and publishing
do
Stone, clav, and glass products
do
Textile-mill products and apparel . . d o
Transportation equipment
do
Miscellaneous
do
Retail trade, total
do
Wholesale trade, total
do
Liabilities, grand total
thous. of dol._
Commercial service, total
do
Construction, total
do
Manufacturing and mining, total
do
Mining (coal, oil, miscellaneous) . . . d o
Chemicals and allied products
do
Food and kindred products
do
Iron and steel and products
do
i
Leather and leather products
do
L u m b e r and products
do....
r
131
9
20
37
1
2
5
4
U
(>
3
9
1
()
56
9
3, 524
31S
2, 676
27
56
604
46
0
1, 370
410
23
41
79
2
4
8
4
1
12
10
4
16 i
1
10
232
35
7, 2S2
305
903
i, 144
100 1
52
169
97
20
368
28
54
61
2
1
5
33
0
12
0
0
8
9
11
0
1
I "J8
10
0
5
195
3, 523
579
597
1,105
99
20
192
0
0
117
5 j
0 !
8 !
9
j
!
1
1
1
8 I
156
23
2,550
3937
26
826
28
GO
45
0 |
106 i
\
4
2
4
147
15
0,076
1 600
577
1, 441
40
25
396
50
71
341
i
0
:
4
i
•
0
;
;
5
98 S
!
1
!
!
i
;
i
!
i
i
1
3,595
300
647
2,017
144
S
508
175 !
0
208 i
°
120
28
2, 905 !
294
477
913
(8
25 !
187
468
19
1
4
64
9
1,488
134
159
504
64
53
84
0
0
79
0
6
3
1
i
!
i
i
!
1
1
i
3
81
12
3, 785
395
298
2,468
172
73
110
i
1
i
!
j
i
;
25 1
0 !
25 ;
4
1
0
2
6
5
78
11
2,402
147
206
1.211
' 79
72
35
35
0
100
1
!
!
|
0
2
68
16 j
2, 055 i
191 1
247
839
10
31
89
3
0
66
120
13
13
31
0
0
4
2
1
5
'I
1
2
132
22
19
32
96
9
28
I
2
u
«.;
8
11
1
0
•6
I
1
i j
1,7'H
105
" V>V^
2(ii
J
1. J .;
1
'5
2. I, ,1
0
0
o\
53
10
200 '!
11
0
360
i
(
Revised.
^For bond yields see p. S-20.
§Formerly designated "open credit cash debt."
^Revisions in 1941 data for credit unions are shown on p. S-15 of the January 1943 Survey.
*New series. Earlier data for the scries on taxable Treasury notes are available on p. S-14 of the April 1942 and succeeding issues of the Survey; there were no tax-exempt notes
outstanding within the maturity range after March 15, 1942. Earlier figures and a description of the data on consumer credit appear on pp. 9-25 of the November 1942 Survey; subsequent revisions in 1941 data for commercial bank debt arer shown on p. S-15 of the February 1943 Survey. There have been revisions also in the 1941 and early 1942 figures for all
series revised in the July 1943 Survey as indicated by an " " on the figures in that issue and a preliminary revision back to January 1942 in estimates for repair and modernization
debt resulting in a further revision of 1942 data for total consumer short-term debt (dollar figures and indexes), total instalment debt, and cash loan debt, as published in the March IH4
an earlier issues. All revisions are available on request.
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
S-17
SURVEY OF CURRENT BUSINESS
June 1944
1944
April
1944
1943
March
April
May
June
July
August
September
October
Novem- December
ber
January
Febru- March
ary
FINANCE—Continued
I
INDUSTRIAL, etc., FAILURES—Con.
Liabilities—Continued.
Manufacturing and mining—Con.
Machinery
thous. of dol..
Paper, printing, and publishing
do_
Stone, clay, and glass products
do_
Textile-mill products and apparel __ do
Tran
ansportation equip>ment
do
Miscellaneous
do..
Retail trade, total
do..
Wholesale trade, total
do_.
15
312
5
0
74
338
135
2,441
165
76
162
244
250
1,540
390
289
169
50
150
0
96
1,031
211
15
218
95
76
8
79
756
308
203
76
15
25
174
25
2, 334
124
35
38
0
55
429
202
51
8
0
45
0
30
786
435
28,999
5,203
646
4,557
1,262
2,003
29,188
5,201
651
4,550
1,238
1,982
29, 340
5,201
653
4, 548
1,218
1,962
29, 542
5,197
654
4,543
1,204
1,942
29,716
5,214
655
4,559
1,183
1,920
18,490
9,575
7,933
4,465
2, 525
1,925
1,370
671
19,740
10,833
9,222
4,467
2, 528
1,912
394
633
19,802
10,899
9,258
4,461
2,523
1,919
495
662
19,867
10,998
9,360
4,450
2,515
1,904
618
714
749
75
426
248
779,061
130, 390
151, 817
496,854
316,139
27,602
18,918
68,170
201,449
717
61
403
253
773,583
124, 983
143, 324
505, 276
271,638
25,949
19,410
56,736
169,543
721
74
406
240
773,514
154, 406
143,413
475, 695
274,776
23, 405
15,630
57, 341
178,400
229,883 205,253 194,285
105,836 93, 508 89,485
31,709 27,950
30,556
7,710
8,272
7,255
14,016
14,135
12.842
40,234 31,680 30,812
30,850 26,630 25,941
358
18
196
28
501
190
387
52
64
1, 364
175
21
544
150
501
110
20
74
0
185
658
180
29,868
5,216
655
4,561
1,161
1,901
30, 055
5,208
651
4,557
1,158
1,884
30, 229
5, 205
647
4, 558
1, 130
1, 867
30, 377
5, 199
639
4, 560
1, 114
1, 849
30, 601
5, 201
634
4,567
1,069
1,830
31, 101
5, 283
627
4, 656
1, 065
1, 830
31,270
5', 262
621
4, 641
1,049
1,812
31. 473
5_ 256
611
4, 645
1, Olh
1, 793
19,883
11,038
9,400
4,441
2,481
1,923
805
711
19,760
10,939
9,324
4,429
2,480
1,912
1,111
719
20,798
12,014
10, 408
4,414
2,460
1,910
412
595
20, 885
12, 115
10, 529
4 404
2^458
1, 908
480
662
21 026
12,222
10 603
4 413
2 435
1 956
480
709
21, 210
12, 380
10, 754
4,415
2,448
1,967
610
681
21,
12
10
4
2
1
1
081
173
555
457
486
965
152
690
22,108
13,199
11. 601
4,459
2, 485
1,965
456
583
22,
13.
11,
4,
2,
1,
696
71
383
242
772,959
143, 888
135. 778
493, 293
297,643
24,516
18,610
65,817
188,700
642
45
355
242
751, 464
131, 599
126, 398
493, 467
279,851
29,613
18,324
57,644
174,270
626
54
344
229
680,121
89,168
122, 302
468, 651
271, 540
25,878
17,513
61,085
167,064
635
61
345
229
691,996
112,707
123, 529
455, 760
282,143
22, 527
18, 200
61,173
180, 243
696
667
761
241
305
215
1,056,779
393, 635
154, 287
508, 857
415, 684
86, 214
23, 081
84, 588
221, 801
652
82
340
230
815.295
190,145
131 091
494 059
314 354
43 387
23, 589
63, 281
184 097
660
50
362
248
710,746
62, 597
131,108
517, 041
314,772
28, 761
22, 856
63, 200
199.955
791,
88.
137,
565.
350,
32,
24, 514
71, 006
222, 757
203,417
92,978
27,489
7,584
14,572
35,650
25,144
192,134
90,052
25,388
7,280
13,992
31,723
23,699
200,094
107,428
22,477
7,114
13,204
27,762
22,109
158,880 181, 138 187,438 221, 270 216,012
64,106 86. 721 91, 792 97, 589 103 573
24, 368 26,106
25, 996 26, 073 30,833
6,994
7,051
7,058
7,004
7 889
13,453
13,948
13, 674 17 354
13,156
28, 615 26, 670 28, 971 53, 691 38 079
19, 673 23, 239 18 284
21, 641 21,137
205,318
98, 962
30, 496
6.977
13, 488
36, 034
19, 361
238, 284
115, 183
34, 601
7 772
15 499
42,913
22, 316
595, 634 631,021 645, 275 690, 847 635
43, 778 46, 283 49, 933 51, 072 50
144, 828 161,932 168, 647 168, 421 180
129,887 140,318 142,685 154,214 !138
62, 358 65,086
72,454 | 61
65,415
65, 230 64,195
69,835
65,498
61
25, 200 24,330
28,279
23, 687
22,
43, 928 40,720
49, 915 40
40,634
18, 054 18,830
21, 982 17
19,567
62, 371 69, 327 69,209
74, 675 61
69
682, 296
53, 445
189, 450
149, 742
67, 181
66,181
23.927
44, 290
19,133
68, 947
753
56.
200
164
72,
76
31
52,
22,
77
10
115
48
85
4
200
106
304
223
\
561 I
217 I
556
3
0
37
0
36
391 !
107
182
58
30
252
0
38
303
68
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.
Govt. (domestic and for.), total.--do
U. S. Government
do
Public utility
do - . . Railroad
do
Other
do
Cash
do
Other admitted assets
do
Insurance written:®
Policies and certificates, totalt
thous..
. Group
do
Industrial!
do
Ordinary t
do
Value, totalt
thous. of dol.
Group
do
Industrial!
--do
Ordinaryt
do
Premium collections, total0
do
Annuities
do
Group
do
Industrial
do
Ordinary
do
Institute of Life Insurance:*
Payments to policyholders and beneficiaries,
total
thous. of doL.
Death claim payments
do
Matured endowments
do
Disability payments
do
Annuity payments
do. -.
Dividends
do
Surrender values, premium Dotes.etc.do--Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
do.._.
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=160.
691
346
250
774, 292
126,479
124, 535
523,278
272, 833
27,106
18,927
53, 558
173,242
676, 653
49, 426
182,624
150,163
64,158
67, 647
27, 074
46,144
20, 293
69,124
631,863 634,209 605, 286 632, 597 632,881 610,607
50, 757 48, 325 45,838
45,328
48,103
49,505
166,717 170,949 155, 785 162, 344 162, 769 151,171
146,470 140,101 133,426 138,914 136, 557 134,403
60, 335 61, 742 64,615 63, 243 65,077 63,610
62, 379 65, 961 61, 797 63, 313 67, 621 67,305
26,192 24,402 24, 316 27, 620 25, 077 24,259
44,098 42,887 41.843 46, 796 45, 377 42,319
17, 501 17, 565 20,116
17, 808 18,507
17,803
63,705
59, 760 59, 909 57, 614 64, 413 63,090
1Q
373
245
753,059
132, 778
134, 054
486, 227
266,369
24,859
18,525
58, 414
164, 571
336
258
755, 351
129,670
121,320
504, 361
283, 214
26,148
18, 342
61, 620
177,104
474
735
975
980
705
603
801
565
040
070
252
279
687
497
495
981
506
648
701
53
382
267
695
179
811
705
926
649
498
382
503
71C
237
290
118
336
003
919
MONETARY STATISTICS
Foreign exchange rates:
.208
.298
Argentina
_.
dol. per paper peso.298
.298
.298
.298
.298
.298
.298
.298
.298
.061
.061
.061
.061
.061
Brazil, officialcf....dol. per cruzeiro..
.061
.061
.061
.061
.061
.061
.061
.061
.061
.301
.301
.301
.301
.301
British India
doL per rupee.301
.301
.301
.301
.301
.301
.301
.301 I
.301
.900
.902
.899
.901
.906
Canada, free rate§..dol. per Canadian doL
.901
.902
.906
.894
.896
.894
.894
.8% j
.893
.573
.573
.572
.573
.573
.573
Colombiadol. per peso.
.573
.573
.573
.573
.573
.573
.573 j
.573
.206
.206
.206
.206
.206
.206
Mexico
do
.206
.206
.206
.206
.206
.206
.206 I
.206
4. 035
4.035
4.035
4.035
4.035
4.035
United Kingdom, official rate §_-dol. per £ . .
4.035
4.035
4.035
4.035
4.035
4.035
4.035 !
4.035
Gold:
Monetary stock, U. S
mil. of dol_^ 21, 429 22, 576 22, 473 22,426
22,388
22, 335 22,243
22,175
22,116
22, 065 21, 938 21,918
21,712
21. 600
Net release from earmark*...thous. of dol_. -70, 542
-101,005 -45,122 -51,684 -63, 713 -91,332 -80, 562 -40, 576 -44,147 -87,010 - 2 7 , 594
11,486 - 4 8 . 7 1 8
Production:
Reported monthly, totalf.
do
61,871 63, 551 62,984
61, 590 60,189 60, 025 r 59,860 r 58, 289 ' 58, 226 v 57,214 ' 54, 902 v 57, 654
62,107
Africa
_do.
41,253
41,999 41,025
41,409 40,699
40, 243 '40, 585 ' 40, 219 ' 39, 972 p 39,523 ' 37, 454 * 39, 620
CanadaU
._
_.do_
12,169 11, 309 10, 975 11, 442 10,246
10,268
9,877
9,802
9. 333
9, 373
9,201
9,023
8, 98S
4,891
4,065
United Statesi
do_-__
4,520
3,945
3,945
3, 634
3,306
3,814
2.933
3,366
3,520
3,085
3, 429
17,114
Currency in circulation, total
mil. of dol.. 21, 552 16, 250 16,660
17,421
17, 955 18, 529 18, 844 19, 250 19, 918 20, 449 20, 529
21, 115
20, 824
Silver:
Price at New York
dol. per fine oz_.
.448
.448
.448
.448
.448
.448
.448
.448
.448
.448
.448
.448
.448
Production:
Canada
thous. of fine oz
1,771
1,462
1, 673
1,380
1,336
1,162
1,355
1,287
1,280
1,205
1, 273
1,251
United States
do_.
3,919
3,753
3,222
3, 935
4,438
4,026 . 2,786
3,394
4,124
2,778
3,827
4.005
3,987
Stocks, refinery, U. S., end of mo
do
1,988
1,931
2,717
1, 632
1,115
753 I
769
1,846
2,147 I
2,942
2,924
2,215
5. 118
r
Revised.
» Preliminary.
J36 companies having 82 percent of the total assets of all United States legal reserve companies.
® 39 companies having 81 percent of the total life insurance outstanding in all United States legal reserve companies.
• Or increase in earmarked gold(—).
d" Prior to Nov. 1,1942, the official designation of the currency was the "milreis."
§ The free rate for United Kingdom shown in the 1942 Supplement was discontinued after Feb. 1, 1943; the official and free rates (rounded to thousandths) were identical from
January 1942 to January 1943. The official rate for Canada has been $0,909 since first quoted in March 1940.
1 Data for Mexico, included in the total as published through March 1942, are no longer available. For revised monthly averages for 1941 and 1942 for the total and Canada and
for 1942 for United States, see note marked "V* on p. S-17 of the March 1944 Survey. Monthly revisions for 1941 and January-May 1942 are available on request.
tData for value, total and ordinary, revised beginning December 1938. Further revisions beginning January 1941 have been made in all series except group owing to substitution
of one company and the inclusion of dividend additions and juvenile policies at ultimate, instead of issue, amounts; this revision increased the figures by the following percentages;
1941—Total, 6.3; industrial, 21.6; ordinary, 2.7; 1942—Total, 5.9; industrial, 18.5; ordinary, 3.7. Revisions prior to November 1942 are available on request
'New series. The series on payments to policyholders and beneficiaries, compiled by the Institute of Life Insurance, represents total payments in the United States, including
payments by Canadian companies; data are based on reports covering 90 to 95 percent of the total and are adjusted to allow for companies not repoiting; data beginning September
1941
in the November 1942 Survey; earlier data will be shown in a subsequent issue.
Digitized are
for available
FRASER
S-18
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
June 1944
1943
March
April
May
June
July
1944
September
August
October
Novem- December
ber
January
February
March
FINANCE—Continued
BUSINESS INCORPORATIONS
New incorporations (4 States)
number..
1,024
962
988
1,026 1
1,008
1,028
1,031
985
982
1,043
1,139
1,111
939
r 1. 1H
PROFITS AND DIVIDENDS*
industrial corporations (Federal Reserve):
Net profits, total (629 cos.)
mil. of dol_.
Tron and steel (47 cos )
do
Machinery (69 cos )
do
Automobiles (15 cos.)
do
Other transportation equip (68 cos ) do
Nonferrous metals and prod (77 cos )do
Other durable goods (75 cos )
do
Foods beverages and tobacco (49 cos ) do
Oil producing and refining (45 cos.). .do
Industrial chemicals (30 cos )
do
Other nondurable goods (80 cos.)_..do
Miscellaneous services (74 cos.)
do
Profits and dividends (152 cos.):*
Net profits
do
Dividends:
Preferred
do
Common
do
Electric power companies, net income (28 cos.)
(Federal Reserve)*
mil. of dol___
Railwavs class I net income fl C C ) do
Telephones, net operating income (Federal
Communications Commission) mil of dol
437
53
39
47
154
34
19
39
36
42
36
39
441
48
42
49
152
32
22
40
42
41
35
38
211
221
21
127
22
132
34
>• 209. 5
63.6
'
464
51
41
52
r
i 51
31
20
42
49
41
37
49
'481
r 53
r
46
53
46
32
*>S
46f
5£
54
54
i 5"
2C
23
3>
42
58
46
36
47
4S
45
39
3^
227
'245
21 v)
21
127
23
169
20
141
29
239.3
29
236.7
31
174 2
33
145. 0
61.9
63.4
62.4
PUBLIC FINANCE (FEDERAL)
United States war Drogram, cumulative totals
from June 1940:*
Program
. - mil. of dol. 341, 676 246,147 246,116 246,024 275,753 339,854 339, 738 340,167 340,033 338, 971 344,141 343,057 341, 262 3 4 1 , 2 8 1
193, 323 202,443 212, 323 222, 207 230,252 238, 375 244,734
250, 414 256,677 262,098
265, 604 '273,720 278, 872
Commitments
do
94,945 102,318 110,005 116,751 124, 280 131, 492 138, 597 146, 391 153, 342 160, 758 168, 566 176,515
87,655
184, 008
Cash expenditures
do
U. S. Savings bonds:*
21, 256
22,030
17,891
19,267
20,507
32 497
26,697
31, 515
24,478
27, 363
31, 974
Amount outstanding
do
22, 694
26, 056
28, 901
876
944
1,470
1,335
890
739
798
2,782
709
1,927
853
802
1,708
1,698
Sales series E, F, and G
do
141
131
103
104
138
185
237
171
155
207
268
152
144
188
Redemptions
do. _
184,967 115,507 129,849 135,913 136,696 141, 524 144, 059 158, 349 165,047 166,158 165, 877 170, 659 183,107 184, 715
Debt, gross, end of month®
do
Interest bearing:
169, 715 104,284 118,848 124, 477 124,509 128,782 130, 814 145, 336 151, 720 152, 504 151, 805 156, 364 168,541 169, 842
Public issues
- do
10,004
9,795
10,871
11,456
10,198
12,278
13, 507
13,168
13, 697
11,907
12, 873
11, 717
12, 703
11,868
Special issues§
do
1,316
1,286
1,206
1,238
1,554
1,219
1,398
1,367
1,377
1,422
1,338
1,296
1,370
1,458
Noninterest bearing
do
Obligations fully guaranteed by U. S. Gov't:
Total amount outstanding (unmatured)cf
4,092
3,782
4,363
4,082
4,350
4,154
2,258
3,964
4,227
3,934
4,113
4,269
4,225
2, 258
mil. of doLBy agencies: <f
483
779
777
485
587
480
602
607
600
580
484
603
488
616
Commodity Credit Corp
do
930
930
930
930
930
159
930
930
138
930
930
930
930
Federal Farm Mortgage Corp __ do
930
1,533
1,533
1,533
1,533
1,533
1,533
937
931
1,533
1,533
1,533
1,533
1,533
1,533
Home Owners' Loan Corporation.do
700
986
996
1,011
1,141
553
971
947
1,008
911
1,066
Reconstruction Finance Corp
do
850
586
876
Expenditures
and receipts:
7,112
7,354
7,466
7,435
7,862
8,327
7,452
8. 525
7,839
7,859
7,570
7,617
7, 456
7,535
T r easurv expenditures, total
do _.
6,432
7, 726
6,744
»6,974
7,092
7,518
7,469
6,718
7,541
7,346
7,138
7,232
6,989
6,952
War activitiest
do
9
21
3 35
12
3
6
3
3
4
3
9
4
4
4
Unemployment relief
...
do
344
1
38
1
5
1
2
7
2
40
37
15
36
2
Transfers to t rust accounts^
-do
68
262
89
42
56
609
497
449
47
117
46
131
311
Interest on debt
» - do
87
a
a
a
0
0
0
0
0
0
0
0
Debt retirements
- ._ ,
do
(°)
( )
(°)
( )
(•)
( )
340
241
279
288
260
233
298
353
326
331
244
265
320
296
All othert
do. .
2,754
6, 576
1,742
2,048
4,569
2,779
1,555
2,370
5,737
5,207
2,069
5,448
3,119
3,005
Treasurv receipts total
do
2, 503
6, 573
1,514
2,007
2,099
5,206
4,569
2,721
2,747
1,480
5,447
5,736
3,087
2,030
Receipts net
do
32
42
32
34
34
40
35
33
34
37
31
39
38
39
Customs
do
4,211
6,353
2,464
1,396
1,581
1,815
2,115
2,188
2,602
5,484
5,154
1,813
5,160
2,935
Internal revenue, total
__ do
1,255
5,911
4,732
3.803
1,747
1,459
1,727
1,000
1,564
4,765
5,040
940
1,303
2,475
Income taxes
do
69
282
48
292
373
49
50
57
60
39
53
50
310
46
Social security taxes
_
do . .
Net expenditures of Government corpora-82
331
2,002
726
-64
17
356
427
165
199
300
148
146
87
tions and credit agencies*
mil. of dol..
Government corporations and credit agencies:
29, 791
30, 263
26, 708
24,706
24,805
25,555
27, 788
29, 508
24,151
26, 284
27, 218
28, 625
26.435
Assets, except interagency, total .mil. of dol_. 31, 083
8,652
8,241
8,565
8,139
8,054
7,929
7,880
7,951
8,507
8,078
7,981
7,743
Loans and preferred stock, total
do
7,809
7,863
Loans to financial institutions (incl. pre721
821
772
682
795
742
833
828
754
757
837
797
787
652
ferred stock)
mil. of dol
416
462
451
448
419
431
430
420
469
459
448
448
423
409
Loans to railroads
.
do .
1,791
2,158
2,141
1,914
1,773
1,840
1,754
1,937
1,896
1,878
1,825
1,807
2,197
1,860
Home and housing mortgage loans._.do-_
Farm mortgage and other agricultural
2, 761
2,731
2,770
2,868
3,003
2,891
2,813
2,790
2, 750
2,728
2,760
2,708
2,766
2,708
loans
mil. of dol
2,177
2,162
2,193
2,194
2,193
2,194
2,164
2,212
2,230
2,200
2,181
2,146
2,220
2,196
All other
do
U. S. obligations, direct and fully guaran2,090
1, 565
1,722
1,784
1,833
1,942
2,099
1,424
1,638
1,691
1,895
2,161
1,549
1, 510
teed
mil. of doL.
1,677
1,561
1,602
1,624
1,645
1,658
1,674
1,966
1,470
1,671
1,408
1,475
1,611
Business property
.do
1,428
7,829
6.750
7,309
7,019
7,234
7,512
7,753
6,074
7,115
7,588
6,081
6,310
7,985
6,167
Property held for sale
do
7,682
10, 452
10, 858
7,466
9,085
10, 418
6,681
7,035
8,736
7,805
7,108
8,917
11, 524
9, 665
All other assets.-.
do
r
§. -Special
agencies
and trust funds.
»—
Less than ^$500,000.
Revised.
—7—
-- -government
—
^—
—
x --- •-- issues to
1
2
Partly estimated.
$20,000,000 added to unernplojnnent relief and deducted from war activities to adjust for erroneous classification of this amount in December 1942.
• In addition to data shown above, quarterly estimates of profits of all corporations are published in special tables in the Survey as follows: January-September 1943, p. 5 of the
December 1943 issue; 1941-42, September 1943 Survey, p. 7; 1939-40, June 1943 Survey, p. 25. The latter includes also, on p. 24, annual data back to 1929.
12>Figures are on the basis of Daily Treasury Statements (unrevised).
cfThe total includes guaranteed debentures of certain agencies not shown separately,
{For 1941 revisions see p. S-17 of the November 1942 issue. The June 1943 figure for war activities reflects a nonrecurring bookkeeping adjustment amounting to approximately
$500,000,000; figures for this month and certain other months reflect also large payments by the Federal Surplus Commodity Corporation to the Commodity Credit Corporation in
reimbursement for agricultural commodities purchased in connection with the lend-lease program. Data for the agricultural adjustment program, shown separately through the
February 1944 issue, are included in the "all other" item as data comparable with earlier figures are not available.
•New series. For data beginning 1929 for profits and dividends of 152 companies, see p. 21, table 10, of the April 1942 Survey. Data beginning 1939 for net income of electric power
companies are available on request. Data beginning July 1940 for the series on the war program are shown on p. 29, of the June 1943 issue; for subsequent revisions in the series see
footnote marked "*" on p. S-18 of the April 1944 issue. The series on war savings bonds is from the Treasury Department; amounts outstanding are at current redemption values
except series G which is stated at par; this item and redemptions cover all savings bonds series, including pre-war issues; sales represent funds received during the month from sales
of series E, F, and G, the series issued since April 1941 (for sales beginning May 1941, see p. S-16 of the October 1942 Survey). The series pn expenditures of Government corporations and credit agencies includes net transactions on account of redemptions of their obligations and other net expenditures by the Reconstruction Finance Corporation, the CommodityCredit Corporation, and other lending agencies; transactions of these agencies are not included in Treasury direct budget expenditures and receipts shown above; since October
1941 funds for these agencies are provided by the Treasury.
S-19
SURVEY OF CURRENT BUSINESS
June 194
VTonthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
1944
1943
March
April
April
May
June
July
August
Sep.
tember
October
Novem- December
ber
January
February
March
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)-Con.
Government corp. and credit agencies—Con.
Liabilities, other than interagency, total
mil. of dol..
Bonds, notes, and debentures:
Guaranteed by the U. S
...do
Other
_
do
Other liabilities, including reserves.do
Privately owned interests
do
U. S. Government interests
do
Reconstruction Finance Corporation, loans
outstanding, end of month:J t
Grand total
..mil. of doL.
Banks and trust companies, including
receivers.
mil. of doL
Other financial institutions
do
Railroads, including receivers
do
Loans to business enterprises, except to aid
in national defense
mil. of doL.
National defense
do
Other loans and authorizations
do
10,969
11,289
10,915
11, 277
11, 277
11, 454
10, 856
10. 504
8,550
4,101
1,333
6,022
440
14,812
1,276
5,757
441
14,146
4,046
1,271
5,972
440
14, 706
4,081
1,274
5,560
441
14, 929
4,125
1,285
5,867
440
15, 501
4,180
1,308
5,788
439
16,073
4,239
1,341
5,874
438
16, 732
4,277
1,332
5,247
435
18, 216
4,226
1. 322
i, 956
435
18, 853
2,274
1, 326
4,950
433
21, 280
6,678
6,840
7,214
7,540
7, 781
7,973
8,239
8,469
8.631
8,851
9,051
451
296
424
448
169
416
443
216
413
436
216
413
432
213
413
428
213
396
425
210
396
419
212
413
213
387
407
224
385
390
224
383
70
4,372
773
4,670
768
67
4,974
766
65
5,322
755
66
5,657
753
65
5,910
749
62
6,135
739
58
6,415
736
55
6,668
726
41
6,853
725
40
7,072
724
38
7, 295
722
1,092
10, 279
1,455
3,733
1,015
936
11,053
3,485
1,035
974
1,911
8,541
1,078
84
7
10,274
86
4
1,440
68
1
14
3,723
1,001
62
12
3
916
86
12
11,048
64
5
0
3, 450
96
27
7
987
152
43
5
961
89
5
1.837
80
70
3
8,533
89
5
2
166
32
6
91
28
59
3
83
18
39
14
12
1,371
1,335
37
99
52
1
47
0
3,634
3,583
51
76
41
26
7
2
939
890
49
106
51
46
69
14
49
830
802
28
130
50
51
28
1
3,355
3,334
17
200
136
38
26
0
835
798
37
103
20
77
3
3
872
853
17
154
83
63
8
(•)
1, 757
1,698
59
97
56
31
9
0
8,444
8,381
62
203
30
142
29
3
734
709
25
81
97
74
103
127
197
100
150
95
32
14
18
25
10
15
15
12
3
3
14
3
10
34
23
11
48
3
122
91
31
70
51
89
79
8
1
0
122
97
22
4
1
75
64
6
5
0
82
75
3
4
5
116
54
2
60
1
150
129
3
18
1
49
48
2
134
119
19
7
28
14
45
50
15
37
0
12
75
14
140
6
50
28
37
26
3
28
23
10,850 i
11,386
11,177
11,456
2,274
1, 302
5,589
435
21, 484
4,365
1,375
5,109
441
12,860
4,372
1,366
5,648
440
12,880
4,092
1,340
5,746
440
13,188
9, 174
6,082
6,368
379
221
375
458
275
434
456
270
427
37
7, 449
713
72
4,063
779
916
804
43
96
16
9, 164
SECURITIES ISSUED
(Securities and Exchange Commission) f
Estimated gross proceeds, totaL.mil. of dol...
By types of security:
Bonds, notes, and debentures, total.do
Corperate
_
do
Preferred stock...
do
Common stock.
do
By types of issuers:
Corporate, total
_
do
Industrial
do
Public utility
_
do
Rail
do....
Other (real estate and financial)..do
Non-corporate total®
—
do
U. S. Government
_.do
State and municipal
do
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New money, total
do
Plant and equipment
do
Working capital
do
Repayment of debt and retirement of
stock, total..
..mil. of dol..
Funded debt
do
Other debt.
do
Preferred stock
do
Other purposes
do
Proposed uses by major groups: 5
Industrial, total net proceeds
do
New money...do
Repayment of debt and retirement of
stock
mil. of dol—
Public utility, total net proceeds ..do
New money
do
Repayment of debt and retirement of
stock
mil. of dol..
Railroad, total net proceeds
do
New money
do
Repayment of debt and retirement of
stock
mil. of dol__
C)
155
122
28
0
4
761
739
17
61
22
15
0
994
944
50
150
96
C)
10,188
10,165
23
53
24
28
49
49
0
0
79
74
3
2
94
55
1
38
3
(a)
C)
C)
19
2
118
49
27
5
17
11
50
25
66
28
0
22
58
1
7
38
0
23
1
28
0
0
57
3
3
38
14
14
10,9
10,6
(°)
(a)
(•)
0
134
29
29
(Commercial and Financial Chronicle)
Securities issued, by type of security,total (new
capital and refunding)
thous. of dol—
New capital, total
do
Domestic, total
_
do
Corporate
do
Federal agencies
do
Municipal, State, etc
do
Foreign
_
do
Refunding, total
do
Domestic, total. _
do
Corporate
do
Federal agencies...
do
Municipal, State, etc
do
Foreign
do
Domestic issues for productive uses (Moody's):
Total
.mil. of dol—
Corporate
do
Municipal, State, etc
do
234, 729
79, 994
79, 994
73, 464
0
6, 530
0
154, 735
149, 235
107, 636
31, 460
10, 140
5, 500
199, 837
89, 645
87, 395
54,693
0
32,702
2,250
110,192
110,192
38,447
54,830
16,915
0
159, 700
37,677
37, 677
20, 785
6,860
10,032
0
122,023
122,023
74,902
34, 505
12,616
0
157, 323
43, 729
43, 729
28,621
3,449
11,659
0
113, 594
113, 594
44, 744
44,036
24. 814
0
221, 374
41,333
41,333
29, 999
1,140
10,194
0
180,041
162,041
77,813
43,475
40, 753
18,000
169, 377
30, 537
30,537
19,175
4,025
7,338
0
138,839
138,839
65, 580
31,105
42,155
0
144, 757
28,989
28,989
22,404
0
6,585
0
115, 768
115, 768
79, 311
14,875
21, 582
0
175, 470
51,325
51, 325
9,875
31,000
10, 450
0
124,146
124,146
55,165
58,900
10,081
0
200,846
56,897
56,897
40, 673
10,860
5,364
0
143, 948
143,948
86,662
46,060
11, 226
0
357, 319
165, 293
165, 293
121,033
22,850
21,410
0
192,026
192,026
69, 862
106,720
15, 444
0
163,468
33, 469
33, 469
14, 237
9,655
9,577
0
129, 999
129, 999
83,129
39, 070
7,801
0
63
57
6
33
5
5
4
1
20
16
4
12
3
6
2
4
18
6
12
26
17
8
3
5
65
57
8
14
249, 798
105, 662
92, 952
37, 773
30, 705
24, 474
12, 710
144,136
136, 846
122, 683
0
14,163
7, 290
245,
99,
99,
62,
681
215
215
616
0
36, 600
0
146, 466
146, 466
96,146
24, 525
25, 795
0
210,242
58,045
58, 045
45, 456
0
12, 589
0
152,196
199,743
77, 535
30, 055
12,153
32, 454
30
21
29
17
12
(Bond Buyer)
State and municipal issues:
Permanent (long term)
thous. of dol— 13, 566
51, 369
24,539
24,119
50, 786
34, 491 ' 25, 740
61,370
55,051
35,160
59, 069
18, 380
38,140
26,143
Temporary (short term)...
do.—. 52, 674
69,492
22,335
38,013
48,341 121, 710
64,802
69, 027
64, 852
44,051
35, 700
4,690
40,747
r
Revised.
° Less than $500,000.
^Includes repayments unallocated, pending advices, at end of month.
® Includes for January 1943 a Canadian Government issue of $90,000,000 and, for certain months, small amounts for nonprofit agencies, cot shown separately,
§ Small amounts for "other corporate", not shown separately, are included in the total net proceeds, all corporate issues, above.
t Revised series. The classification of Reconstruction Finance Corporation loans has been revised so that figures for each class shown include loans and subscriptions to preferred stock under all acts; for a brief description of the classifications, see note marked "f" m the April 1944 Survey. For an explanation of changes in the data on security issues
compiled by the Securities and Exchange Commission and revised 1941 monthly averages for selected series, see p. S-18 of the April 1943 Survey; data for 1942 published prior to the
August 1943 Survey have also been revised; revised 1942 monthly averages for selected items: Estimated gross proceeds, total, 2,448 (corporate, 89; noncorporate, 2,359); new corporate,
estimated net proceeds, total, 87 (new money, 39; repayment of debt and retirement of stock, 44); all revisions are available on request.
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together Tvith explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
June 1941
April
March
May
June
July
August
1944
September
DecemOctober November
ber
January
February
March
FINANCE—Continued
SECURITY MARKETS
i
Brokers' Balances (N. Y. S. E. m e m b e r s
carrying margin accounts)^
Customers' debit balances (net)...mil. of doL.
Cash on hand and in banks
do
Money borrowed
_
do
Customers' free credit balances
..do
780
610
670
740
761
167
780
740
820
830
600
390
350
570
330
550
330
529
334
530
340
490
340
770
320
740
330
100.31
101.10
74.62
98.24
99.42
70.90
98.69
99.88
71.21
99.47
100. 53
71.87
99.64
100. 69
72.26
99.35
100.37
73.01
99.23
100. 24
72.13
99.37
100. 37
72.33
120.7
119.8
119. 9
120.1
120.5
121. 1
121.1
114.4
121.0
116.6
105.5
59.0
135.8
100.3
108.0
116. 7
112.1
95.3
39.9
128.7
1C0. 4
109.2
116.3
113.4
97.8
44.7
129. J
100.4
110. 0
116.1
113.7
100.1
49.1
130.4
100.7
109. 9
116.6
114.4
98.7
47.6
131.5
100.8
110.8
116.6
115.3
100.4
48.1
133.4
100.8
110. 4
117.0
115.6
98.6
44.2
134.6
100.5
320
780
800
820
600
340
788
181
557
354
560
370
650
370
630
380
99.45
100.34
72.04
99.02
99.91
71.91
99.38
100. 26
72.30
99. 78
100. 66
72. 87
100.21
101. 03
73. 39
100.32
101.11
74.45
120.8
120.9
120. 4
120.0
120.5
120.4
120.1
110.4
117.1
115.7
98.4
46.4
134.4
100.4
110.6
117.9
115.4
98.6
49.9
135.2
100.4
111.3
118.9
115.2
99.8
45.4
134.9
100.2
112.1
119.4
115.1
101.7
46.9
132.8
1C0. 2
113.2
119.8
115.5
104. 1
52. 8
134.4
100. 3
113.6
119.3
115. 8
105. 7
58. 1
135. 8
100. I
113.7
119.8
115.9
105.3
60. 1
136. 0
100. 3
138, 736
260, 815
211,667
352, 987
780
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollars..
Domestic
_
_
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utilities, and rails:
High grade(15bonds)..dol.per $100 bondMedium and lower grade:
Composite (50 bonds)
do
Industrials (10 bonds)
do
Public utilities (20 bonds)
do
Railroads (20 bonds)
do
Defaulted (15 bonds)
do
Domestic municipals (15 bonds)f___do
U. S. Treasury bonds (taxable)t
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL.
Face value
_.do
On New York Stock Exchange:
Market value
do
Face value
do
Exclusive of stopped sales (N. Y. S. E.),
face value, total
thous. of dol._
U. S. Government...do
Other than U. S. Gov., t o t a L . d o — .
Domestic
do
Foreign
_
do
Value, issues listed on N . Y. S. E.:
Face value, all issues
mil. of dol_.
Domestic
.._
do
Foreign
_
_
_
do
Market value, all issues
do
Domestic
_
do
Foreign
„
do
Yields'.
Bond Buyer:
Domestic municipals (20 cities)..percent..
Moody's:
Domestic corporate
-do
By ratings:
Aaa
do
Aa
do
A
-.-do
Baa
do
By groups:
Industrials
do
Public utilities
__do
Railroads..
.
do
Standard and Poor's Corporation:
Domestic municipals (15 bonds)
do
U. S. Treasury bonds:
Partially tax-exemptf
do.
Taxablef
do.
144, 881
221,137
261,519
581,923
214, 979
439,701
216, 442
429, 012
164. 430
284,117
173, 474
319,102
115,776
200, 797
125, 866
229, 324
137, 656
253,466
133, 756
234, 626
228, 798
428, 754
18c, 281
307, 672
133,606
206, 364
244, 593
556, 743
197,276
412, 821
199, 696
404, 339
147,981
262, 596
157,731
298, 556
104, 055 112, 695
185, 284 212,072
123, 096
234,183
118, 254 125, 024 196, 771 215,113
214, 200 242, 672 334, 298 411,040
169.339
286,625
191,157
400
190, 757
180, 680
10, 077
497,868 372, 722
196
257
497, 672 372, 465
481, 522 360,470
16,150
11, 995
343,226 236,099
316
400
342, 910 235, 699
331,153 227, 205
11, 757
8,494
275, 338
333
275,005
264,115
10, 890
157, 440
260
157,180
150,709
6,471
80,879
77,866
3,013
80,352
78,152
2,200
80,729
77,824
2,904
80,109
78,014
2,095
196, 560 208,876
228
307
196, 253 208, 648
186, 855 201,371
7,277
9,398
187, 631 223, 880 337,114 354, 781 260, 533
970
292
1, 052
420
472
187, 211 222, 916 336, 062 354, 489 260,061
176, 486 213, 681 326, 658 347, 657 249, 255
9,235
6, 832
10, 806
9, 4G4
10, 725
95, 013
92,181
2,832
95, 305
93,192
2,114
72, 856
69,835
3,021
71, 575
69,433
2,142
1.69
2.08
2.01
1.93
1.86
1.83
1.81
1.79
1.69
1.82
1.77
1.70
1.65
1.65
3.20
3.19
3.16
3.14
3.11
3.10
3.11
3.11
3.13
3.14
3.11
3.10
3. 09
2.74
2.82
3.09
3.68
2.76
2.88
3.14
4.01
2.76
2.88
3.14
3.96
2.74
2.87
3.13
3.91
2.72
2.85
3.11
3.88
2.69
2.82
3.09
3.81
2.69
2.81
3.08
3.81
2.69
2.82
3.10
3.83
2.70
2.83
3.10
3.82
2.71
2.84
3.11
3.83
2.74
2.87
3.13
3.82
2.72
2.83
3.11
3.76
2.74
2.83
3.10
3.72
2.74
2.82
3.10
' 3.70
2.83
2.97
3.45
2.87
3.00
3.73
2.87
3.01
3.69
2.86
3.00
3.64
2.84
2.98
3.61
2.80
2.95
3.56
2.79
2.96
3.55
2.82
2.96
3.56
2.82
2.66
3.55
2.85
2.98
3.56
2.86
3.00
3.56
2.83
2.99
3.51
2.83
2.98
3.49
2.83
2.97
3.48
1.85
2.21
2.20
2.13
2.07
1.97
1.91
1.92
1.88
1.90
2.00
1.92
1. 85
1. 84
1.95
2.49
1.93
2.49
1.91
2.48
1.94
2.48
2.12
2.48
72, 812
69, 794
3,018
71, 858
69,709
2,149
2.05
2.48
81, 479
78, 462
3,017
81,049
78,880
2,169
1.66
2.46
80, 999
77, 984
3,015
80, 704
78, 525
2,179
1.91
2.45
1.91
2.45
1.92
2.46
80, 656
77, 773
2,883
80,150
78,064
2,085
1.90
2.48
91,004
88,123
2,881
90, 502
88, 426
2,075
1.90
2.48
90,970
88,089
2, 881
90, 077
88, 005
2,072
1.94
2.48
90, 841
87, 966
2,875
90, 274
88,196
2,078
1.95
2.49
90, 742
87, 884
2,858
90, 544
88, 462
2, 083
96, 632
93, 787
2,845
96, 838
94, 750
2, 088
95, 409
92. 575
2,834
95, 713
93, 604
2,110
Stocks
Cash dividend payments and rates, Moody's:
Total annual payments at current rates (600 ,
companies)
mil. of doL- 1,763.92 1, 680. 77 1,683. 92 1,694.13 1, 683. 55 1,681.19 1,681. 66 1, 684. 70 1, 695. 79 1, 726. 71 1, 740. 00 1. 740. 52 1, 752, 58 1, 761. 00
941. 47 941. 47 941.47
942. 70
941. 47
942. 70
942. 70
942.70
942. 70
942.70
942. 70
942. 70
942. 70
Number of shares, adjusted
millions.. 941.47
Dividend rate per share (weighted average)
1.86
1.87
1.85
1.85
1.83
1.79
1.80
1.79
1.78
1.79
1.80
1.78
1.78
(600 companies)
dollars..
1-87
2.81
2.81
2.81
2.81
2.81
2.81
2.81
2.82
2.82
2.82
2.82
2.82
2.81
Banks (21 cos.)
.do.—
2.81
1.77
1.77
1.79
1.79
1.71
1.73
1.76
1.72
1.73
1.71
1.71
1.71
1.71
Industrials (492 cos.)
do....
1.80
2.67
2.67
2.54
2.67
2.69
2.69
2.69
2.64
2.69
2.69
2.64
2.64
2.69
Insurance (21 cos.)
...do
2.54
1.81
1.81
1.81
1.77
1.78
1.78
1.81
1.74
1.74
1.74
1.74
1.74
1.76
Public utilities (30 cos.)
do
1.81
2.29
2.29
2.40
2.13
2.13
2.29
2.25
2.13
2.13
2.18
2.18
2.13
2.13
Railroads (36 cos.)
do....
2.40
Dividend payments, by industry groups:*
354. y
283.3
135.1
710.3
305.2
127.9
115.2
332.4
339.0
414.1
145.0
330.8
'2S6.9
Total dividend payments
mil. of dol._
300. 8
94.4
59.2
220. 5
415.0
134.5
73.3
197.1
132.2
r 127. 2
65.0
74.5
237.6
203.0
Manufacturing
do
127.8
56.4
1.3
.8
21.8
25.2
1.9
3.1
23.4
.9
27.0
1.3
4.2
3.2
Mining
_
do
3.7
17.2
7.3
23. 0
42.0
26.3
14.8
4.7
22.4
15.1
3.6
25.3
15.8
3.5
Trade
do.—
16.2
71.0
r25. 1
20. 5
53.9
48.5
8.9
18.6
7.9
74.4
25.0
' 19.1
28.7
46.9
Finance
do
43.8
16.8
6.7
14.2
13.3
60.7
13.8
1.3
13.7
7.9
12.2
17.0
34.9
2.7
Railroads
do.—
17.2
33.8
32.1
31.4
4
2
.
2
37.3
33.7
30.8
41.5
34.7
35.8
30.3
30.1
35.9
Heat, light, and power
do
40. 5
45.7
2
13. b
46.4
.2
14.6
14.1
46.4
14.8
.2
.2
' 12.2
M6.3
Communications
do
46. 4
9. y
3'8
3.1
12.4
6.2
25.5
2.5
10.7
5.3
2.3
'8.4
5.3
1.6
Miscellaneous-.do
5.2
Prices:
Average price of all listed shares (N. Y.S. E.)
64. 1
Ho 3
64.1
63.1
64.8
64.0
59.8
66.3
64.0
65.6
63.7
62.1
62.6
Dec. 31, 1924=100.64.3
48.18
48.56
49. 99
46.52
48.03
45.89
48.01
49.71
48.67
48.19
47.16
44.64
46.37
Dow-Jones & Co. (65 stks.).dol. per share.49. 26
139.07
135.97
137. 74
134. 57
138.25
132.66
141. 25
142. 90
138.60
136. 34 138.90
134.13
131.15
Industrials (30 stocks)
do
137.19
22.33
22. SO
23. 31
21.54
21.68
20.97
21.67
21.72
20.13
20.35
20.75
17.58
19.00
Public utilities (15 stocks)
...do
22. 72
35.41
37.59
39. 28
34.64
32.85
32.93
36.92
34.97
35.84
34.35
36.43
32.47
34.73
Railroads (20 stocks)
d o . — 39.00
r
Revised.
JComplete reports are now collected semiannually; except for June and December, data are estimates based on reports for a small number of large firms.
* New series. Revised data for 1941 and 1942 for dividend payments are shown on p. 20 of the February 1944 issue.
t Revised series The price indexes for domestic municipals are converted from yields to maturity, assuming a 4-percent coupon with 20 years to maturity; revised data beginning
February 1942 are on p S-19 of the April 1943 Survey; earlier data will be shown in a later issue. The revised yield and price series of long term Treasury bonds consists of all issues
new yield series. Earlier data will be shown in a subsequent issue.
S-21
SURVEY OF CURRENT BUSINESS
June a 944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of t h e
data, may be found in the 1942 Supplement to t h e Survey
1944
April
1944
1943
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—Continued.
96.06
New York Times (50 stks.)--dol. per share162. 27
Industrials (25 stocks).
do
29.86
Railroads (25 stocks)
do
Standard and Poor's Corporation:
95.1
Combined index (402 stks.)-1935-39=100..
96.5
Industrials (354 stocks)
do
86.5
Capital goods (116 stocks)
do
100.9
Consumer's goods (191 stocks)..do
87.3
Public utilities (28 stocks)
_..do
97.3
Eailroads (20 stocks)
_do
Other issues:
99.6
Banks, N . Y. C. (19 stocks)
do_._.
Fire and marine insurance (18 stocks)
113.6
1935-39=100__
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol_. 562,816
Shares sold
thousands.. 26, 370
On New York Stock Exchange:
Market value
thous. of dol__ 472,164
Shares sold
thousands.. 19,«82
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands.. 13,847
Shares listed, N . Y. S E.:
Market value, fill listed shares..mil. of dol_. 48, 670
Number of shares listed
millions..
1,4£4
Yields:
4.9
Common stocks (200), Moody's..percent..
Banks (15 stocks)
do____
3.8
Industrials (125 stocks).
do
4.6
Insurance (10 stocks)
do
3.8
Public utilities (25 stocks)..
.do
5.6
Eailroads (25 stocks)do
7.0
Preferred stocks, high-grade (15 stocks),
Standard and Poor'? Corp
percent..
4.03
91.13
157.06
25.21
92.79
158.43
27.16
96.83
165. 21
28.46
98.78
169.86
27.87
98.80
169.19
28.43
93.65
160.98
26.32
96.01
165.14
26.87
95.25
163. 56
26.93
91.06
157.13
24.99
92.20
159.13
25.27
94.36
161. 48
27.25
94.10
159. 35
28.86
97. 02
163.87
30.18
88.2
90.8
89.0
87.4
76.2
86.4
91.3
93.7
90.1
90.9
79.1
92.8
95.2
97.2
92.5
94.9
84.0
97.5
96.7
99.3
93.3
98.8
84.7
94.3
98.5
100.9
94.0
100.4
87.7
96.6
94.4
96.3
88.8
96.4
85.9
90.5
95.6
97.5
89.4
98.1
87.3
91.3
94.8
96.6
89.0
96.8
86.8
92.0
91.4
93.0
85.2
93.8
85.1
86.5
91.8
93.6
85.4
95.2
85.2
85.6
94.6
96.4
87.7
99.0
86.7
91.0
94.4
95.8
86.6
98.9
86.9
96.1
96.6
98.2
88.1
102.3
88.4
98.7
89.7
93.2
92.3
93.4
95.3
94.8
93.6
93.6
92.7
95.0
96.8
98.5
100.7
112.7
114^8
115.6
118.9
120.8
119.1
120.4
120.2
117.0
114.8
114.2
112.1
113.9
688, 824 1,012,679
58, 703
63,123
970, 787
62,040
851,112
44, 248
930, 724
43,681
597,906
27, 964
558,819
26,321
545, 445
25, 242
687, 883
33,082
748,157
34, 406
673, 210
33, 662
668, 973
31, 409
980, 399
46, 916
862,933
48,144
869,343
44,673
823,352
44, 948
715, 329
32, 704
782, 864
32,136
508, 868
21,227
467,087
19,122
453, 831
18,087
585, 757
24,657
641, 647
25,871
562, 227
25,147
564, 775
22, 509
831, 575
34,932
36,997
33, 554
35,052
23,416
26,324
14, 252
14,986
13,923
18, 246
19,527
17, 811
17,101
27, 643
45, 846
1,469
46,192
1,469
48, 438
1,470
48, 877
1,469
47, 578
1,479
47,710
1,489
48,711
1,484
48,178
1,485
45,102
1,487
47,607
1,489
48, 397
1,490
48, 494
1,492
49, 422
1,492
4.8
4.0
4.5
3.9
6.2
6.8
4.8
4.1
4.5
3.9
5.8
6.6
4,6
4.0
4.3
3.8
5.5
6.2
4.5
3.9
4.2
3.8
5.4
6.4
4.7
4.1
4.5
3.9
5.5
6.8
4,7
4.0
4.4
3.8
5.5
6.6
4.6
4.0
4.3
3.7
5.5
6.5
4.7
4.0
4.5
3.7
5.5
6.6
5.1
4.0
4.9
4.0
5.7
7.8
4.9
3.9
4.6
3.9
5.5
7.4
4.8
3.8
4.6
3.9
5.5
7.0
4.8
3.7
4.6
4.0
5.5
6.7
4.8
3.8
4.6
3.7
5.5
6.9
4.08
4.08
4.07
4.03
3.98
3.97
3.98
4. CO
4.06
4.09
4.06
4.04
276
291
J.05
270
289
107
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
Value
Unit value
1 mports for consumption:
Quantity
Value
Unit value
1923-25=100.
___do.__
do
272
261
264
261
297
289
97
268
268
100
342
337
318
320
101
346
327
94
328
319
97
285
330
332
101
do
do___
do
109
83
76
107
84
78
114
89
78
115
90
79
118
95
81
121
96
79
110
88
80
122
99
81
115
95
82
104
85
82
-•988,052
' 973, 345
-•249,295
'264,015
979,837
970,287
257, 569
267, 431
1,084,514
1,075,835
280,941
285,058
95
VALUEt
Exports, total incl. reexports
thous. of dol.. 1,192,330
1,182,561
Exports of U. S. merchandise
do
359, 472
General imports
do
355, 633
Imports for consumption
do
1,001,597 1,262,057 1,203,710 1,233,027 1,192,709 1,073,561
995, 349 1,254 256 1,192,672 1,216.313 1,187,250 1,061,827
295, 225 300, 088 315, 336 284,936 328, 572 311,123
287, 578 294,374 305, 714 283, 775 316,711 301,427
1,244,047
1,231,722
277, 875
257,163
TRANSPORTATION AND COMMUNICATIONS
THANSPORTATION
Commodity and Passenger
Unadjusted indexes:*
Combined index, all typest---1935-39=100..
204
226
226
208
226
'221
210
214
223
208
'234
235
213
227
234
216
Excluding local transit iinest
do
231
220
215
211
196
194
213
207
199
Commodity!
do
207
197
263
275
246
265
269
247
234
274
Passenger
do
270
369
407
335
370
341
311
402
Excluding local transit lines
.do
386
By types of transportation:
419
379
471
460
395
469
423
439
476
Air, combined index
do
515
568
637
604
523
619
551
576
670
Commodity
do
319
289
362
365
310
370
338
349
348
Passenger
do
Intercity motor bus and truck, combined
214
219
212
236
238
232
239
••248
••246
index
..1935-39=100. _
205
206
192
216
219
209
205
'229
'237
For-hire truck
. do
243
336
264
277
301
299
322
283
277
Motor bus
do
166
171
172
169
175
171
168
175
178
Local transit lines
do
191
180
178
172
181
208
181
205
219
Oil and gas pipe Iinest—
do
257
234
235
240
237
253
253
252
242
Railroads, combined index
do
231
216
217
222
212
230
228
231
218
Commodity
do
461
347
372
376
432
435
447
413
419
Passenger
do
82
31
43
64
74
77
80
Waterborne (domestic), commodity, do
Adjusted indexes:*
221
219
214
213
'219
218
212
Combined index, all typest
do
221
227
221
215
'225
224
217
Excluding local transit lines
.do
'226
220
227
206
204
200
'202
204
196
Commodity
do
204
201
206
269
248
240
265
264
Passenger
do
267
274
252
269
377
347
328
372
Excluding local transit lines
do
391
356
372
By type of transportation:
Air, combined index
do
455
409
384
437
415
487
426
637
515
604
Commodity
_
.do
568
619
551
576
523
670
309
335
Passenger
do
304
316
309
304
292
294
367
r
Revised.
tSee note marked "*".
JFor revised data for 1941 and 1942, see p. 22, table 4, of this issue.
*New series. For data beginning 1929 for the transportation indexes, see pp. 26 and 27, table 5, of the May 1943 Survey (small scattered revisions
ginning
1941 for the
se; marked "t»" as published in the Su
he series
' to
" the
" December
~
" 1943
— "issue; revisions
""
" " * on request).
Survey prior
are available
1,191,975 1,085,623 '1,159,700
1,082,297 1,075,030 i'1,149,315
299, 891 312,671 \r 358, 581
304, 354 303,891 jr 357, 335,
215
221
200
266
376
213
219
'200
254
354
'219
'225
'206
260
'361
220
226
207
266
369
468
695
319
457
651
329
442
641
311
462
674
322
232
222
265
175
224
239
213
436
44
'225
'216
254
172
231
233
216
406
36
'219
••207
257
177
238
248
226
'417
'39
225
212
268
181
245
247
224
423
42
217
224
204
258
371
'219
'226
'207
257
362
'224
232
212
265
'376
226
233
212
274
500
695
371
482
651
370
457
641
334
468
674
332
have been made in the data be-
S-22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
June 1944
1943
March
April
May
June
July
August
1944
September
October
Novem- December
ber
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
C o m m o d i t y a n d Passenger—Continued
Adjusted indexes*—Continued.
Intercity motor bus and truck, combined
index
1935-39=100..
For-hire truck
do
Motor bus
do—
Local transit lines
do
Oil and gas pipe lines
_-do—
Railroads
do—
Commodity
do
Passenger
do—
Waterborne (domestic), commodity.-do
223
212
261
166
173
236
220
364
60
225
210
274
166
176
243
224
388
63
216
196
284
167
176
245
226
396
55
231
214
287
177
188
236
213
416
55
229
209
293
184
190
251
229
416
54
298
181
200
249
226
421
57
227
209
284
176
215
244
221
421
61
'232
'214
290
173
210
245
221
429
60
'241
'227
288
178
216
240
213
445
64
' 231
'222
261
165
218
242
218
428
66
' 238
' 229
'227
'214
274 279
171 173
222 224
242 253
221 230
407 r 428
65
' 68
Express Operations
15,803
15,363
16,084
16,315
16, 469
Operating revenue
thous. of dol_.
17, 290
16, 579 17,355
29, 582
19,377
19, 282
18,104
145
53
64
68
64
71
53
64
108 70
66
Operating income
-do—
Local T r a n s i t Lines
7.8060
7.8032
7.8032
7.8060
7. 8032
7. 8004 7/8004
7. 8004
7. 8004
7. 8004
7. 8804
7. 8004
Fares, average, cash rate
cents.. 7. 8004 1,254,994
1,218,267 1,247,026 1,243,694 1,227,113 1,205,517 1,199,632 1,265,717 1,243,855 1,268,643 1,244,445 1,199,288
1,262,124
Passengers carried?
thousands..
108,800 106,100 109,000 109,200 108,000 107, 300 105,300 110, 600 108, 400 113,000 109,938 104,398
Operating revenues tthous. of dol..
Class I S t e a m Railways
130
132
132
137
146
135
151
145
147
Freight carloadings (Fed. Reserve indexes):
142
133
145
133
144
133
132
100
146
141
145
152
140
147
150
149
127
Combined index, unadjusted-1935-39=100..
189
183
179
162
178
186
183
193
191
202
185
191
186
Coal
do....
133
138
143
145
150
141
156
150
144
138
147
140
147
Coke
do.._.
131
124
123
140
172
108
158
153
167
144
159
145
157
Forest products
do—
92
105
101
86
97
107
111
151
183
118
121
108
166
Grains and grain products
do
62
63
62
63
63
68
64
66
66
65
67
64
68
Livestock
do—
56
106
269
297
323
168
314
274
312
193
65
203
48
Merchandise, 1. c. 1
do
138
143
145
146
147
144
147
154
153
153
139
149 138
Ore
do
138
136
135
127
141
138
140
137
140
139
144
145
143
Miscellaneous
do—
144
133
132
100
146
141
145
152
140
127
147
150 149
Combined index, adjusted!
do
187
186
181
166
184
190
191
195
195
192
185 180
186
Coalf
do.._.
133
138
138
140
150
141
148
139
137
154
147 146
150
Coket
do-...
142
140
140
137
143
123
147
137
167
153.
159
148
161
Forest products
.-do—
117
118
112
113
113
120
117
114
119
122
121 135
132
Grains and grain products!
do
61
62
62
63
64
63
64
67
63
67
68
67
67
Livestock!
do
193
163
163
192
202
191
209
190
208
191
209
202 193
Merchandise, 1. c. 1
do—
145
145
143
142
146
143
140
146
145
148
149
147
147
Oref
.
do
Miscellaneous!
do
4,150
'3,925
3,151
4,307
»"3073
4,518
3,546
3,554
4, 069
3,305
3,087
3, 796 3,159
Freight carloadings (A. A. R.):J
'801
-•706
792
457
842
705
850
706
853
580
689
877 729
Total cars
- thousands _.
'72
71
50
68
'60
59
75
74
58
59
77
61
56
Coal
do-...
221
176
'213
224
'164
217
193
179
224
175
170
193 174
Coke
do—
'220
222
189
295
'187
209
292
194
226
214
200
268
208
Forest products
..do—
72
'74
48
65
'52
62
79
128
75
91
67
77
61
Grains and grain products.
.-do
'495
488
386
484
'389
399
522
537
403
414
393
491 405
Livestock
-do—
364
329
'149
444
'63
346
395
214
356
216
82
70
55
Merchandise, 1. c. 1
do—
'1,902
1,920
1,515
'1,452
1,886
1,910
1,568
2,028
1,551
1, 427
1, 745
1, 467
1,558
Ore
do.._.
49
35
35
72
30
20
18
25
24
18
18
ir
17
Miscellaneous
.do—
15
21
18
11
16
4
7
4
4
3
3
3
Freight-car surplus, total...
do
5
34
4
4
8
5
3
4
5
4
Box cars.
...do—
Coal cars
...do
759, 534 756,196 ' 748, 738 759,331 747,365 791,196 800, 233 776, 539 796, 282 762,058 781, 759 740, 672 735. 305
Financial operations:
585, 200 ' 570, 080 573, 788 549,134 582,497 585,644 576,092 594, 560 566, 422 571, 387 584,419 551, 442
Operating revenues, total.
thous. of dol. 561,093
146, 583 121, 446'127, 914 133,581 147, 294 156,628 161, 971 146, 727 144, 885 141, 924 151,548 140,115 135,881
Freight.
do
449, 411 j' 442,118 454, 362 451, 946 466,658 467, 288 478,074 513,571 502, 213 594, 890 504, 013 492, 094
509,
004
Passenger
do—
r
175,401!'177,951 176,800 185, 764 203,927 208,384 188,290 169,628 163, 464 109,942 153, 835 158, 718
Operating expenses
d o — 162, 856 '131,
7
384'128, 670 128,169 109, 655 120,611 124, 561 110,175 113, 084
Q, 927
82, 824
84, 493
87,
674
96, 381
Taxes, Joint facility and equip. rents__do...
82, 901 85, 732
70,626
82, 278
84, 472 69, 978 76, 027
34, 814
45,324
46, 038
50, 100 84, 651
63, 348
Net railway operating income
do
Net income
...do
64, 686 62, 947 66, 528
61,339
68,193
63, 772
64, 704
63.101
63, 153
68, 950 66, 522 69, 222
Operating results:
.956
.966
.924
.948
.914
. 943
.907
.930
.900
.921
.912
.947
Freight carried 1 mile
mil. of tons..
6,482
6,715
7,008
7,813
8,342
8,136
7, 583
7, 275
7,706
7,569
8,610
7,851
Revenue per ton-mile.
rents..
Passengers carried 1 mile
millions..
' 737. 4 ' 745. 5 ' 753.2 ' 756.5 ' 762. 8 ' 767. 5 ' 766. 9 r769.0
' 769. 4
782.2 ' 785.6 773.
Financial operations, adjusted: X
' 560.4 '561.0 ' 564. 2 ' 562. 9 ' 567.5 ' 570. 6 ' 566.7 ' 568.0 ' 568.1 ' 579. 6 ' 590. 6
575. 7
Operating revenues, total.
mil. of dol.
'126.7 ' 133.7 '137.9
' 142. 2
' 143. 6
' 144. 4 ' 147. 3 ' 148.1 ' 148.4 ' 148. 7 ' 139. 3
144. 4
Freight
do...
'
629.6
'
628.5
' 639.0
'
648.
2
'641.6
'
653.
2
'
680.
5
'
662.
0
671. 4
'651.0
'
653.8
'
662.
2
Passenger
do...
' 109.0 '115.9 '113.9
' 114.8
' 114.6
' 114.3 ' 115.9 ' 115.2 ' 107. 4 r 101.7 '123.6
102.4
Railway expenses
.do...
'73.3
'65.6
' 72.8
'73.5
'74.1
74.3
' 66. 7
' 85. 5
64. 7
' 75.2
'75.7
'69.0
Net railway operating income
do...
Net income..
.do...
Travel
Operations on scheduled air lines:
8,314
8,410
8,126
8,288
8,881
9,152
9, 343
8, 508
9,303
Miles
flown
__.thous. of miles
9,511
9,215
9,308
4,549
4,834
4,320
4,816
5,261
5, 492
4,897
4, 079
5,335
Express carried
.-thous. of lb_.
5,385
5,171
5,110
265,175 280, 913 282,103 297, 760 320,096 338,059 321, 616 322, 099 301, 253 283, 537 278, 213 254.199
Passengers carried
_
number
124, 256 132, 985 133, 267 140,746 150,013 156,873 153, 980 155,856 145,105 137,122 141,474 125.
Passenger-miles
flown
thous. of miles
Hotels:
3.55
3.56
3.86
3.70
3.66
4.04
3.81
3. 82
3. 84
3.95
4.02
3.96
Average sale per occupied room
dollars..
4.09
83
83
85
84
79
86
81
87
86
86
86
Rooms occupied
-percent of total..
88
162
140
156
174
180
200
158
160 165
Restaurant sales index...
1929=100..
178
167
171
184
Foreign travel:
7,285
11,601
12, 709
8,215
10, 205
11,334
7, 348
7, 680
6,848
6,803
7,303
U. S. citizens, arrivals
number
9,156
5,253
5,178
5,461
5,361
6,238
5,459
4,326
4,691
4,983
4, 549
4, 670
5,178
4,396
U. S. citizens, departures..
do...
314
336
385
336
500
563
382
335
393 302
Emigrants_
_.do._
540
465
343
2,370
1,815
1,933
2,177
2,152
2,192
2,320
2, 436
2, 097
2, 251
2,612
2,777
2,771
Immigrants
___
do..
2,309
12,178
12,772
8,162
11,763
6,711
16, 952
15,433
17,875 -11,587
Passports issued <?
do
10, 334
9,564
9,700
35, 809 17,751 '32,178 45,660
67, 345 135, 407 148, 957
17, 256
19,170
20,101
National parks, visitors
do.
97, 667
55, 696
23,851
PullmanCo.:
2,192,301
2,201,530
2,360,007
2,242,587
2,570,7
,105,321
2,186,161
,250,820
2,292,555
2,195,430
364,069
Revenue passenger-miles
thousands.
11. 797
12,132
12,007
13, 085 12, 415
12, 904 12, 338
11,511
Passenger revenues
thous. of dol.
11,627
12, 743
12, 043
12,019
' Revised. *> Preliminary, cflncludes passports to American seamen. TData for April, May, July, October, 1943, January and April 1944 are for 5 weeks; other months, 4 weeks.
§ Data cover 186 companies: for 1943 data for 188 companies comparable with 1941 and 1942 figures on p. S-21 of the April 1943 Survey, see p. S-22 of the April 1944 Survey.
X Seasonal factors revised beginning 1937; revisions not shown above will be published in a subsequent issue of the Survey.
{Seasonal factors for freight carloadings revised beginning 1939 or 1941; for coal the seasonal factor was fixed at 100 beginning May 1941; revisions are available on request. Revised
data for local transit lines cover revenues of all local transit lines in the United States including all common carrier motor bus lines excepting long-distance interstate motor carriers.
Monthly averages for earlier years are: 1942, 86,667, and 1941, 66,695; monthly data will be shown in a subsequent issue.
•New series. For data beginning 1929 for the transportation indexes, see pp. 26 and 27, table 5, of the May 1943 Survey (small scattered revisions have been made in the index
http://fraser.stlouisfed.org/
for oil and gas beginning 1941, as published in the Survey prior to the December 1943 issue; revisions are available on request).
Federal Reserve Bank of St. Louis
S-23
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
March
April
May
June
July
1944
August
September
October
Novem- December
ber
January
Febru-
March
TRANSPORTATION AND COMMUNICATIONS~-Continued
COMMUNICATION S
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
thous,.
Telegraph and cable carriers: §
Operating revenues, total
thous. of doL.
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations...thous. of doL.
Cable carriers
do
Operating expenses
do
Net operating revenues
do
Net income trans, to earned surplus..do
Radiotelegraph carriers, operating revenues
thous. of doL.
149,689 149,020 152,523 152, 548 152,650 155,475 155,133 161, 296 158, 907
84,733 85,561 84, 426 84, 501 85,543
86, 772 87, 486 88, 830 88, 578
53,089
51,841
56, 253 56,373
55, 305 56, 685 55, 572 59, 599 58,219
97, 502 98, 231 98,269 102,477 110, 537 102,066
96,127 96, 624
20, 791 20,098 21, 240 20,758
21, 386 21,611
19,765
19, 621 21,176
23, 408 23, 510 23, 595 23,685
23,777
23,870
24, 045
23, 966 24,003
16,234 16,459
16,792
16,750
18, 410 ] 6, 762
16,046
16, 585 16,472
14,997 15,253 15, 563 15,553
14, 765 16, 903 15, 338
15,233
15,422
150,342
85, 287
53,122
93,783
21,090
23,124
147,946
84,941
51,144
92,897
21,009
23,285
15,768
14,677
16,023
14,766
606
1,091
12,165
1,672
742
933
1,257
12,101
1,951
824
934
1,237
12,409
1,866
* 1, 323
890
1,206
12, 673
1,821
397
955
1,229
13, 502
1,310
364
1,094
1,095
1,116
1,008
1,105
156,238
86,976
56, 970
100, 565
19,074
24,067
16,044
14,742
1,198
14,886
1,027
1,163
13, 538
1,106
304
951
1,239
13,185
1,435
343
960
1,281
12, 611
1,607
548
1,289
1,508
12,629
3, 739
1,413
1,066
1,423
12, 526
2,344
887
1,042
1,302
11,987
2, 235
785
1,103
1,112
1,160
1,178
1,360
1,191
1,251
0.63
.28
18, 734
0.63
.28
36,149
0.63
.28
36, 672
0.63
.28
35, 574
0.63
.28
36, 509
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Methanol, prices, wholesale:
Wood, refined (N. Y.)
dol. per gallon..
Synthetic, pure, f. o. b. works
do
Explosives, shipments
thous. of lb_.
Sulphur production (quarterly):
Louisiana
long tons..
Texas
do
Sulfuric acid, price, wholesale, 66°, at works
dol. per short ton__
0.63
.28
35, 461
0.58
.28
39,337
0.62
.28
38, 588
0.63
.28
36,154
16.50
694
1,281
0.63
.28
36, 570
0.63
.28
42,022
172,935
491,676
139, 505
525,106
16. 50
0.63
.28
36,853
0.63
.28
42, 020
128,385
545, 246
189,380
426,052
16.50
16.50
387
117
87
140
251
350
1.650
64, 616
1.650
61,310
1.650
32, 543
1.650
67,006
1.650
59,250
1.650
57,471
1.650
59,116
1.650
58,853
608,525
828,750
550, 459
602,116
578, 679
589,201
578,543
735,590
549,718
806,453
602,644
843,177
572, 766
887,729
599, 346
3.57
7,572
251,799
3.50
13,437
253,134
3.54
17,992
3.55
19,719
246,127
3.73
249,087
17, 587
221,988
4.00
16,748
202,298
3.95
16, 774
189, 392
.€4
1,548
51,321
.64
5,892
54,095
.63
8,035
58, 481
10, 508
66,518
.67
15,012
79,784
.67
9,239
84,851
thous. of l b _ . 122,161
323,984
do
799, 371
do
118, 521
210,021
290,458
111,060
223,448
308,448
100, 668
276, 540
307,190
94, 700
269,652
359, 464
81, 434
274, 402
375, 404
63, 343
do
57, 073
do
do__*-- 135, 940
61,067
45,023
87, 460
59,857
46,031
81,186
61,158
47,807
81, 770
57,890
49, 873
82, 475
15, 894
705
170,213
12, 483
736
197,053
15,326
1,169
195, 551
21,965
2,637
177,148
310
301
344
352
313
321
do.__
do
952
533
967
446
thous. of l b .
do...
17, 383
7,523
7,422
3,859
16.50
16.50
16.50
16.50
0.63
.28
36. 282
87, 960
507, 635
16.50
16.50
16.50
16.50
430
596
1,116
1,165
1,225
1.650
60, 480
1. 650
71, 833
1.650
65, 048
1. 650
73, 693
1.650
653,066
880,942
634,167
911,273
652,924
979, 649
687, 583
951,938
658,793
858, 769
4.04
11,943
177,795
4.06
12,051
165, 095
4.02
11, 395
150, 513
4.10
5,740
131, 916
4.33
3,957
108, 083
4.73
3,927
92, 878
.66
7,484
89, 681
3,427
96, 586
.75
2,991
95, 772
.75
3,175
96, 615
.77
765
93,040
.77
776
91,366
.77
358
86,473
95,052
256, 596
398,998
123,033
232, 288
332, 372
126, 520
239,050
303,992
122,989
330, 514
304, 475
111, 507
332, 789
353, 608
123, 420
364, 308
435, 540
134, 029
401, 403
585, 301
142, 628
346,406
740, 435
45, 419
49, 310
100,480
64,346
47,851
101,138
68, 018
44, 882
89,991
53, 580
46,047
86,383
59,690
55, 874
80,841
58, 921
56, 610
84, 024
58, 947
60,831
98,827
54, 440
63, 481
109,999
58, 487
57, 781
127, 707
21, 589
12, 767
158, 764
13,838
14, 776
155,910
16,547
24,120
148,845
15,311
45,916
177, 759
15, 598
14,811
182,696
15,962
18, 405
208, 667
18, 829
14, 296
218,693
19,197
12, 316
209, 793
16, 584
2,006
195, 257
14, 793
767
183, 271
276
274
293
270
225
220
261
258
300
361
433
381
449
371
437
363
415
356
386
361
375
923
445
423
400
749
359
734
287
759
266
862
296
879
347
891
406
922
458
937
495
522
7,308
3,690
9,691
5,019
18, 970
8,458
21, 801
4,885
32,072
9,522
22, 654
7,725
19,177
6,231
20, 780
8,159
20,059
7,410
21,756
8,794
21, 418
7,625
19, 600
7,326
16.50
16.50
FERTILIZERS
Consumption, Southern States
thous. of short tons_.
Price, wholesale, nitrate0 of soda, crude, f. o. b.
cars, port warehouses
dol.percwt.Potash deliveries
short tons..
Superphosphate (bulk):t
Production
do
Stocks, end of month
do
1.650
NAVAL STORES
Rosin, gum:
Price, wholesale " H " (Savannah), bulk
4.68
dol. per cwt._
6,151
Receipts, net, 3 ports
bbl. (500 lb.)_.
79,813
Stocks, 3 ports, end of month
do
Turpentine, gum, spirits of:
.77
Price, wholesale (Savannah)f__dol. per gal_.
Receipts, not, 3 ports
bbl. (50 gal.) - _ 2,052
83, 597
Stocks, 3 ports, end of month
do
OILS, FATS, AND BYPRODUCTS
Animal, including fish oil:
Animal fats: %
Consumption? factory
Production
Stocks, end of m o n t h
Greases :f
Consumption, factory
Production
Stocks, end of m o n t h
Fish oils:*
Consumption, factory
Production
Stocks, end of m o n t h
Vt etableoils, total\\
Consumption, crude, factory
Production
Stocks, end of m o n t h :
Crude
Refined
Coconut or copra oil:
C o n s u m p t i o n , factory:%
Crude
Refined
do.
do.
do.
mil. of lb__
do.. _
d
' Revised.
Deficit.
§ Beginning January 1943 data have been compiled on the basis of a new accounting system; available data on the new basis for January-December 1942 are shown in footnotes
in the September 1943 to April 1944 Surveys; complete 1942 data on the old basis, comparable with figures for earlier years, are available in the March and April 1943 issues.
1 Data for 3 companies operating outside of United States, included in original reports for 1943 and 1944, are excluded to have all figures cover the same companies.
• Price of crude sodium nitrate in 100-pound bags, i. o. b. cars, Atlantic, Gulf, and Pacific port warehouses. This series has been substituted beginning 1935 for the series shown
in the 1942 Supplement; figures for August 1937 to December 1941 are the same as published in the Supplement; for data for 1935-36 and all months of 1937, see note marked " • " on
p. S-23 of the May 1943 Surrey. Prices are quoted per ton and have been converted to price per bag.
X Data for the indicated series on oil? and fats revised for 1941; revisions for fish oils are shown in note marked " t " on p. S-22 of the April 1943 Survey; revisions for all other series
were minor and are available on request. Data for 1942 also revised; revisions are available upon request.
t Revised series. The turpentine price shown beginning with the April 1943 Survey is the bulk price; data shown in earlier issues represent price for turpentine in barrels and
can be converted to a comparable basis with the current data by deducting 6 cents. Superphosphate is reported on a revised basis beginning September 1942, covering all known
manufacturers of superphosphate, including Tennessee Valley Authority; the new series include all grades, normal, concentrated, and wet base, converted to a basis of 18 percent
available phosphoric acid. Earlier data include normal and concentrated superphosphate as reported by concerns which for 1939 and earlier years accounted for about 95 percent of
the value of superphosphate produced, exclusive of T. V. A. production, according to Biennial Census data; it is estimated that this earlier series represented approximately 94 percent
of the total production, including T. V. A., for 1935, 93 percent for 1937, and 89 percent for 1939, The coverage declined to around 83 percent by the latter part of 1942, on the basis of
comparisons with the new data. Data are shown on an 18-percent A. P. A. basis; data in the Survey prior to the June 1943 issue are on a 16-percent basis and can be conyerted to
18 percent by multiplying by 0.8889.
S-24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944.
April
June 1944
1943
March
April
May
June
July
1944
August
September
October
Novem- December
ber
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Coconut or copra oil—Continued.
Production:
Crude:}:
thous. of lb_.
Refined
do
Stocks, end of month:!
Crude
—
-do
Refined—
do
Cottonseed:
Consumption (crush)_thous. of short tons..
Receipts at mills
--do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Production
short tons..
Stocks at mills, end of month
do
Cottonseed oil, crude:
Production
thous. of lb.
Stocks, end of month
do
Cottonseed oil, refined:
Consumption, factory!
do
In oleomargarine
do
Price, wholesale, summer, yellow, prime
(N. Y.)
dol. per lb__
Production
thous. of lb_.
Stocks, end of month
do
Flaxseed:
Duluth:
Receipts
thous. of bu__
Shipments
do
Stocks
do
Minneapolis:
Receipts
do
Shipments
do
Stocks
do
Oil mills:!
Consumption
do
Stocks, end of month
do
Price, wholesale, No. 1 (Mpls.)-.dol. per bu..
Production (crop estimate)..-thous. of bu_Linseed cake and meal:
Shipments from Minneapolis-.thous. of lb_Linseed oil:
Consumption, factory!-do
Price, wholesale (N. Y.)
dol. per lb._
Production!
---thous. of lb_.
Shipments from Minneapolis
do
Stocks at factory, end of month
do
Soybeans:
Consumption!.._
thous. of bu_.
Production (crop estimate)
do
Stocks, end of month
do
Soybean oil:
Consumption, refined!
thous. of Reproduction:
Crude!...
___do
Refined
do
Stocks, end of month:
Crude
do
Refined!
do
Oleomargarine:
Consumption (tax-paid withdrawals) §.do
Price, wholesale, standard, uncolored (Chicago)
dol. per lb__
Production^
thous. of lb__
Shortenings and compounds:
Production
do
Stocks, end of month!
do
Vegetable price, wholesale, tierces (Chicago)
dol. per lb__
17,712
3,068
14, 951
3,454
14,671
3,481
116, 996 161,712
3,530
4,188
186
333
24
63
288
481
174,833
4,149
188,423
4,447
215
29
295
142
23
176
93
20
104
60
47
90
41,626
29, 427
30, 494
39, 350
28, 509
18, 542
19, 651
23, 283
9,461
6,860
9,078
8,300
6,664
4,211
11, 437
8,952
182, 275 166,327
4,908
4,248
153,142
3,682
133
391
349
16, 255
6,955
17, 863
6,041
8,941
7,768
151, 234 149, 443 135,051
4,302
3,910
4,120
506
1,158
1,001
624
1,086
1,463
622
674
1,514
8,356
7,644
12, 406 14, 381
7,524
7,820
123, 554 116, 552 114,199
5,230
3,168
3,348
562
312
1,263
459
123
927
332
74
669
86,964
58,121
147,004
39, 532
95. 900
38, 332
64, 853
36, 321
61, 266
90, 969
105, 585
117, 769
68, 827
90, 765
45, 758
66,027
90, 485
134,575 112,241
93, 763 82,858
83, 318 107, 654 105, 893 117,494 113,205
96,089 93, 393 90,672
9, 917
9,736
20, 650 23,852 28, 927 26,1S6
20, 787 22,153
15,051
19,080
15, 624
25,187
.140
.140
.140
.140
.140
.140
.140
.140
.140
.140
.140
.140
120,377
92, 597 66, 672 51, 999 34, 343 27,839
90, 451 151,409 167, 545 148, 777 132, 432 117,353
321, 577 300, 949 270, 593 243, 465 207, 409 139, 909 126,583 164,931 219,244 265,103 314, 358 339, 365
.140
78,619
353,927
195
1,950
58, 978 229, 598 286, 825 289, 954 262,000 214, 526 155, 392
29, 241 48, 512 56,692 65,353
67, 654 71, 463 69, 412
40,010 152, 861 190,804 192,047
32, 588 80,894 114, 532 135,493
176, 664 145, 240 106, 459
148,107 148,832 139,678
1
104
173
904
252
329
827
252
547
532
32
515
49
522
145
426
3,173
1,899
1,701
3,723
2,009
3,415
876
2,214
2,077
339
'539
1,878
75
26
1,926
180
18
2,088
807
129
1,610
1,265
305
871
1,311
113
868
813
333
412
680
117
97
632
51
51
801
100
8,982
855
3,159
4,377
179
4,146
1, 683
371
4,196
1,059
246
3,701
837
342
3,132
894
182
2,771
4,122
8,825
3.05
3,383
4,910
3.17
3,264
3,584
3.21
2,688
2,993
3.16
3,713
2,389
3.05
3,109
3,815
3.05
3,515
10,133
3.02
5,501
13, 967
3.05
5,164
14,818
2.99
5,195
15,869
3.05
5,125
18,240
3.C6
1:52, ccs
4,764
15, 764
3.06
4, 666
12, 755
3.05
47,160
44,100
46, 320
41,520
45,180
32,820
40.980
53,040
51, 660
53,040
50, 520
53, 220
50,760
44, 906 46,320
46.247
44,375
44, 265 48, 780 43,161
.151
.153
.153
.157
.155
.153
.153
79,182
67.981
63, 214 62, 298 50,691
71,316
60,976
29,460
38,100
39, 360 40, 380 36, 060 29, 340 27,120
361, 382 288, 551 263,561 228,796 191,855 189, 798 177,211
44,022 48,472 46,042 43, 429 46, 560 45,985
.153
.153
.152
.151
.151
.151
105,006 98,720 98,134 97,982 90, 880 88, 207
31, 440 32, 700 30, 780 33,060 25, 800 26, 820
182, 352 244, 660 261,327 276, 773 287, 252 305, 217
13, 227
13,066
14,892
13, 635
12, 709
10, 580
9,853
8,234
8,129
10,331
30,958
28,325
26, 230
20, 607
17, 246
14, 692
9,048
L 4, 763
28,024
42,391
81, 435
95, 622
89, 614
80,903
93,025
66, 462
89,617
74, 419
70, 678
112,857 115,321 131, 833 122,746 114,814 96, 341 91,238
76, 301 73, 729
98,822 96, 989 105,341 100,182 109,617 70, 707 86, 365 77, 429 68,910
151,091 126, 507 126. 332 129,161 107, 929 123,937 120,657 104,518 100, 485
129, 077 73, 753 84, 221 96, 092 97, 481 93,289
90, 596 89, 853 81, 702
97,655
75, 481
97,075
84,122
.165
11,894
1195, 762
45, 436
13, 258
14, 749
40, 201
38,119
70,266
66,147
74, 718
83,127
87,549
68,574
98.400 111,997 123, S88
78, 667 86, 412 95, 780
115, 551 133, 418
90, 563 101,155
57, 487
32, 374
20, 653
24,511
31,082
38,144
46, 676
57,123
49,014
41, 326
44, 769
41,831
.170
70,042
.165
43,120
.165
30,774
.165
36,056
.165
43,956
.165
53,950
.165
50, 606
.165
58,336
.165
52,415
.165
49,742
.165
55, 234
.165
57, 363
103,164 134,785 134,111
61, 477 38, 272 44,603
.165
122, 568 126,989
51, 920 48, 571
.165
.165
93, 535 119,239 117, 424 121,642 U9, 862
53,167
55,065 45, 261 46, 796 47,150
.165
.165
.165
.165
103,151 109, 579 118,321
46, 258 52, 421 54, 742
.165
.165
PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
thous. of dol_.
Plastic paints
do
Cold-water paints:
In dry form
do
In paste form, for interior use
__do
Paint, varnish, lacquer, and fillers:
Total
-do
Classified, total
do
Industrial
...do
Trade._
do
Unclassified
do
123
42
128
45
121
43
157
41
91
34
234
590
235
611
266
565
283
497
46,398
42,123
19, 897
22, 225
4,275
50, 923
46, 221
20, 907
25, 313
4,702
51, 435
46, 710
21, 830
24, 880
4,725
55, 482
50, 282
22, 750
27, 532
5,199
100
32
251
422
134
41
286
414
251
426
50,107
45,369
21,344
24.025
4,738
51,059
46,166
22,902
23,264
4,893
49, 377
44,639
21, 639
23,000
4,738
261
369
84
28
184
340
49,565
44,698
22, 309
22, 389
4,867
46,968
42,596
21,825
20,771
4,372
102
41
174
325
101
28
131
330
161
434
41,072
37,091
20, 549
16, 542
3,982
43, 481
39, 258
20, 080
18, 778
4,622
45, 655
41, 233
20, 382
20,851
4,422
32
ELECTRIC POWER AND GAS
ELECTRIC POWER \
19,206
19, 565
Production, total
mil. of kw.-hr_. 18,618
17,829
17, 238
17, 865
18,080
18, 668
19, 949 r 18,806
18, 833
20,205
19,481
By source:
14,061
14, 680
10, 474
11,599
13,315
Fuel
_
do.._. 11, 324
11, 205
10,669
12, 458
13,472
14, 282 ' 13,163
13,438
r
5,891
Water power
do
6,623
6,764
6,210
5,504
7,196
6,481
5,361
6,043
5,667
5,585
7,294
5, 642
By type of producer:
Privately and municipally owned electric
utilities
.mil. of kw.-hr_. 15, 752
14. 824
16, 480
15, 276
15, 521
15, 999
16,647
17,310
15. 377
16,536
16. 056
16,003
17, 060
2,414
2,726
Other producers.. _
_
do.
2,866
2,451
2,669
2,955
2,776
2,918
2,889
' 2,802
2,589
2,558
2,945
r
l
Revised.
Dec. 1 estimate.
! Revisions have been made in the data for 1941 and 1942 for the indicated series on oils and oilseeds; revisions are available on request.
§ For July 1941-June 1942 revisions, see February 1943 Survey, p. S-23; revised consumption, September 1942, 31,063; other minor revisions, July-December 1942, are available OD
request.
% For revisions in electric power production for 1942, see note for electric power at bottom of p. S-35 of the April 1944 Survey.
S-25
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, m a y be found in the 1942 S u p p l e m e n t to the Survey
1944
1944
1943
March
April
April
May
June
July
August September
October
Novem- December
ber
January
Febru- March
ary
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER—Continued
Sales to ultimate customers, total (Edison
Electric Institute)...
mil. of kw.-hr
Evidential or domestic
.do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power...
do
Large light and power
do
Street and highway lighting
do
Other public authorities
.do
Railways and railroads
do
Interdepartmental
.
do
Revenue from sales to ultimate customers
(Edison Electric Institute) __ .thous. of dol..
14,797
' 2, 386
171
' 2,326
' 8,362
176
638
'654
' 14, 769 ' 14, 745 ' 15, 227 ' 15, 398 ' 15,866 ' 16,108 ' 16, 333 ' 16,400 ' 16, 907 16, 920
2,233
' 2,319 ' 2, 241 ' 2, 242
2,219 ' 2, 327 ' 2, 359 ' 2, 475 ' 2, 623 2,893
'333
219
204
216
177
195
366
328
314
299
' 2,340 ' 2, 299 ' 2,377 ' 2,452 ' 2, 470 ' 2,497 ' 2,424 ' 2,472 r 2, 580
' 8, 401 ' 8, 450 ' 8, 793 ' 8, 841 '9,215 ' 9, 331 ' 9, 497 ' 9, 520 ' 9, 569
214
143
155
199
148
'139
'161
168
'187
'945
751
732
743
802
917
826
671
880
'566
'670
561
'620
'577
'556
'553
'592
'597
'90
'80
'84
'77
'79
78
'79
'82
'85
249,870
249,224
245,875
250,648
252,983
253,830
260,103
262,137
266,855
273,740
10, 537
9,707
361
457
45, 037
18, 696
10,803
15,178
10, 523
9,678
378
455
42,716
17, 796
9,060
15, 524
10, 581
9,733
386
451
39,175
17,181
7,382
14, 308
10,589
9,755
373
449
35,115
17,925
3,220
13, 711
10, 612
9,794
355
451
32,846
17,248
1,957
13, 338
10, 694
9,878
354
451
31,833
16, 574
1,455
13, 569
10, 706
9,884
367
447
33, 412
17,847
1,599
13, 698
10, 639
9,803
390
435
37,266
19,067
3,442
14,442
10, 578
9,742
397
431
41, 610
17, 297
8,991
14,962
10,729
9,880
403
436
47,931
18,514
13, 348
15,634
39,035
22,814
7,413
8,592
37,027
22, 574
5,656
8,580
35,456
23, 041
4,080
8,158
33, 445
23, 273
2,319
7,715
31, 976
22,817
1,481
7,544
31,103
22, 205
1,192
7,550
32, 574
23,327
1,439
7,656
35,520
24, 569
2,664
8,102
37, 502
23, 602
5,053
8,635
41,676
24,643
7,652
9,146
8,471
8,493
8,477
8,516
8,498
7,891
7,894
7,878
7,930
7,892
578
596
596
583
604
190,074 168,846 151, 572 139, 883 135,194
63, 627 50, 589 36,150 26,756 20,772
122, 497 116, 562 112,028 109,605 111,004
8,498
7,924
572
137,971
19,573
114,199
16,613
2,781
194
2,464
9,511
214
902
671
2,471
9,420
204
826
638
280,028
277,657
5,788
5,515
7,832
5,652
5,531
7,638
GASt
Manufactured gas:
Customers, total
_
.thousands..
Domestic.
do
*
House heating
do
Industrial and commercial
do
Sales to consumers, total.
mil. of cu. ft..
Domestic
do
House heating
_
.do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol..
Domestic...
...do
House heating
do
Industrial and commercial
do
Natural gas:
Customers, total
thousands..
Domestic.
do
Industrial and commercial.
do
Sales to consumers, total.
mil. of cu. ft..
Domestic
do
Indl., coml., and elec. generation...do
Revenue from sales to consumers, total
thous. of dol..
Domestic
_.do
Indl., coml., and elec. generation...do
66,449
38, 783
27,055
57,173
32,133
24,777
48, 026
24,689
22,898
41, 476
19,656
21, 421
38,710
16,602
21, 577
37, 636
15, 360
21, 808
8,559
8,538
7,958
7,958
598
578
143,479 154,212
27,929
21,080
118, 299 122,185
8,667
8,041
8,055
631
624
175, 637 191,450
62,117
43,931
127,244 124, 565
38,611
15,844
22,313
44,471
20,016
23, 994
54.980
28, 420
26, 027
65, 825
37,758
27,492
7,348
6,690
7,773
6,641
6,284
7,844
5,758
5,816
7,509
6,326
5,766
7,754
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquonf
Production
thous. of bbL.
6,783
6,157
Tax-paid withdrawals
do
Stocks, end of month
do
8,769
Distilled spirits:
Apparent consumption for beverage purposesf
thous. of wine gal..
Production!
thous. of tax gal..
748
6,051
Tax-paid withdrawals!..
do
375,402
Stocks, end of monthf
_ do
Whisky :f
Production
do
0
Tax-paid withdrawals
do
4,537
Stocks, end of month
do
361,980
Rectified spirits and wines, production, total t
5,614
thous. of proof gal.
Whisky
do___.
4,578
Still winesrf
Production
thous. of wine gaL.
Tax-paid withdrawals
do
Stocks, end of month
do
Sparkling wines:f
Production
do
Tax-paid withdrawals
do
Stocks, end of month
do
7,422
6,147
8,527
5,914
5,570
8,656
6,013
5,712
8,701
5,875
6,105
8,217
7,532
7,170
13,746
845
10,054
461,108
11,942
672
8,665
453,148
10,459
467
7,361
445,915
9,768
515
7,180
439,509
10, 627 10,452
11, 389 13, 250 13, 793 13, 534 11, 627 12, 683
763
784
984
4,264
444
1,628
3,439
733
7,838
7,112
6,259
6,378
7,092
8,078
7,581
7,235
7,258
7,554
432,654 426, 204 419,040 412,620 405,859 399,197 393, 912 388, 343 381,152
0
6,647
444,880
0
0
5,771
4,725
437, 521 430,917
0
4,783
424,825
0
4,639
418,532
7,329
7,421
7,893
7,221
7,346
0
0
0
4,756
4,879
5,358
412, 294 405, 894 399,024
5,541
4,790
4,803
4,074
4,613
3,917
5,015
4,271
4,898
4,308
5,331
4,701
3,595
8,330
114,180
2,930
8,068
106,172
1,527
7,121
99, 555
2,533
7,059
91,031
3,579
6,589
90, 629
8,112
6,997
84, 561
156
77
814
112
80
845
M22
97
853
136
96
126
92
912
76
91
897
0
5,572
392,063
5,811
4,987
45,191
51,690 110,335
6,907
6,576
6,868
94, 211 137, 591 145,993
5,081
4,551
92
102
879
5,354
4,328
75
118
833
127
142
815
0
0
5,408
3,933
385, 349 379,991
0
4,510
374,485
0
5,291
367,597
6,410
5,662
5,265
4,528
6,076
5,093
13,701
7,308
138,491
6,192
6,605
131,600
5,686
4,784
4,814
6,727
124, 849
116
176
736
100
86
718
108
105
742
DAIRY PRODUCTS
Butter, creamery:
1.423
1.423
1.423
Price, wholesale, 92-score (N.Y.).dol. per lb_.
1.423
1.423
i. 423
1.476
1.425
i. 485
1.475
1.434
1.425
1.425
1.425
Production (factory)f
thous. of lb._ 130, 760 140, 093 ' 150, 380 190, 535 202,195 181,335 151,880 126,485 107, 645 92,965 97,650 104,051 105, 843 124,833
69, 533 16,676
Stocks, cold storage, end of month
do
30,190 82, 761 157, 540 210, 546 231, 543 232,497 211,229 178, 750 154, 577 130, 246 107, 560 ' 82,118
Cheese:
Price, wholesale, American Cheddars (Wis.233
.233
.233
.233
.233
consin)
dol. per lb._
.233
,233
.233
.233
.233
.233
.233
.233
.233
Production, total (factory) f
thous. of lb__ 87,905 77, 205 ' 88, 725 109,410 116, 280 106,450 94,415 83, 590 73,170
58,430 59,675 62,150 63,055 ' 77, 049
68,340
American whole milkf
do
97,600 87, 340 77,185 65, 950 54,560
41, 340 41,610 43,160 45, 766 ' 58, 219
58,015 ' 67,770 87.560
152, 539 77,615
Stocks, cold storage, end of month... .do
97,327 144,867 182,967 209, 365 218, 270 223, 697 202,889 175, 507 167,681 171,956 150,198
79.464
American whole milk
d o " _ . 123, 364 64,890 65,843 80,495 117,094 150,245 172, 937 181, 627 193,396 177,180 150,709 142,610 144,812 121,869
Condensed and evaporated milk:
Prices, wholesale, U. S. average:
Condensed (sweetened)
dol. per case..
5.84
5.84
'5.86
5.84
6.22
5.84
5.84
5.84
5.84
5.84
5.84
5.84
5.84
5.84
Evaporated (unsweetened).
..do
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
r
1
Revise
1
Reflects all types of wholesale trading for cash or short-term credit. Base ceiling price comparable with data prior to January 1943 is $0.46% through June 3 and $0.41 $4 effective
June 4, 1943; these are maximum prices delivered market; sales in market proper are at permitted markups over these prices.
KNot including data for unfinished and high-proof spirits, which are not available for publication. For revised data for 1941, see p. S-24 of the February 1943 Survey.
fMinor revisions have been made in data for manufactured and natural gas beginning 1929; revised figures beginning June 1942 are in the August 1943 Survey; earlier revisions are
available on request. Revisions for consumption of distilled spirits for beverage purposes, beginning January 1940, are available on request. Revisions in the 1941 and 1942 monthly
data for the other alcoholic beverage series not published in issues of the Survey through March 1944 are shown on p. S-25 of the April 1944 Survey. 1941 and 1942 revisions for the
indicated dairy products-series are shown in note marked "f" on p. S-24 of the March 1943 Survey and on p. S-25 of the March 1944 issues, respectively. (Further revisions: Butter
production—June, 202,159; July, 187,494.)
S-26
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
SU11VEY OF CURRENT BUSINESS
June 1944
1944
1943
1944
March
April
April
June
May
July
August
September
October
Novem- December
ber
January
February
March
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk—Continued.
Production:
Condensed (sweetened):
Bulk goods*
_thous. oflb_.
Case goodst
do
Evaporated (unsweet'd), case goodst - -do
Stocks,manufacturers\case goods, end of mo.:
Condensed (sweetened)
thous. of l b . .
Evaporated (unsweetened)
do
Fluid milk:
Price, dealers', stand, grade..dol. per 100 l b . .
Production
mil. of lb_.
Utilization in manufactured dairy products!
mil. of lb_.
Driedskim milk:
Price, wholesale, for human consumption,
U. S. average
dol. perlb..
Production, totalf
thous. of lb._
For human consumption!
do
Stocks, manufacturers', end of month, total
thous. of lb_.
For human consumption
do
37, 503
12,865
318,200
25,711
9,426
252, 339
' 29,194
r
10,466
288,923
38,184
11, 240
376,015
40, 288
11,500
386,000
32,169
9,204
335, 500
26,015
8,931
275, 500
23, 463
8,079
232,763
17,491
9,151
13,334
7,752
155, 999
17, 584
7,775
168,100
24,417
7,754
194, 500
25,430 ! 33, 247
8,460
10, 550
211, 250 267, 750
8,430
180,938
7,198
77,807
6,739
113,540
9,121
252, 422
10,736
373,784
10,949
400,397
10, 736
376,779
10,238
329, 364
8,569
265,353
7,039
198,595
6,423
181, 876
6,248
169,257
6,134
147, 285
8, 652
150, 333
3.24
10, 230
3.09
9,734
3.H
10, 245
3.16
11,873
3.18
12, 576
3.19
11,765
3.20
10, 571
3.22
9,255
3.23
8,711
3,23
7,980
3.23
8,277
3.24
8,634
3.24
8,584
3.24
9,780
4,403
4,304
5,943
6,278
5,620
4,748
4,021
3,435
2,901
3,055
3,302
3,393
4,004
.145
60, 650
59, 250
.138
41, 598
39, 366
.139
" 47, 080
' 44,443
.138
60,158
57,142
.139
67,075
63, 675
.137
56,000
53, 650
.138
44,100
42, 350
.138
34,650
33, 250
.138
24, 765
23,850
.140
18,500
17,675
.139
23, 995
23, 020
.140
26,800
25,650
.140
.145
28,950
48,700
28,900 | 47,750
55, 684
54,870
29,863
29,100
p
33,095
' 32, 380
43, 907
42,984
56, 428
55,005
49, 786
48, 543
46, 458
45, 665
37, 346
36, 624
27, 454
27, 001
21, 639
21, 344
21,931
21, 590
20, 576
20,075
27, 480
27,198
40, 504
40, 039
4,787
9,403
21,989
2,823
4,623
18, 436
1,864
1,760
17, 464
789
0
976
0
11, 584
920
0
3,626
7,028
6,102
5,794
25, 028
7,076
5,640
25, 475
18, 261
4,836
20,834
23, 341
3,355
15, 479
21, 252
3,654
10,501
18, 430
••3,913
' 5, 436
r 21, 702
124,392
98,967
96, 515
223, 965
243,547
238,306
227, 035
209,824
186, 067
161, 643
190,243
195, 509
185, 803
169,658
153,820
130,315
2.725
2.975
2.806
i 464,656
23, 310
18, 237
3.000
2.830
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
3,150
Shipments, carlot
no. of carloads..
2,252
Stocks, cold storage, end of mo.thous. of bu~
Citrus fruits, carlot shipments..no. of earloads. 19,407
Frozen fruits, stocks, cold storage, end of
month
thous. of lb._ 130,855
Frozen vegetables, stocks, cold storage, end of
month
thous. of l b . . 105,417
Potatoes, white:
2.625
Price, wholesale (N. Y.)
dol. per 100 lb.
Production (crop estimate)!- thous. of bu..
20,128
Shipments, carlot
no. of carloads_
70, 478
3.394
62,076
3.460
14, 937
8,959
162,034
107,138
56, 689
73,888
4. 936
184, 763
100,066
134,162
2.925
165,209
2.781
3.865
27,123
23.392
2.988
18,031
25, 328
2.794
r
23, 593
12, 837
18,848
.86
.85
.99
.84
.99
1.08
1.05
1.13
1.08
1.18
1.15
1.30
1.18
1.35
1.16
1.32
8,814
7,211
9,053
8,767
12, 603
9,028
15,480
11,493
23, 789
17, 548
19, 860
20, 588
19,721
24,143
11,897
22, 691
11,513
11,167
10,518
9,189
9,243
10,287
10,744
11,247
11,293
1.01
1.20
1.03
1.22
1.03
1.06
1.23
1.04
1.06
1.23
1.04
30,568
26,433
22, 507
13,032
42, 326
1,374,748
29, 474
24,173
9,663
799,235
.67
.65
.69
.71
.71
.77
. 81
8,568
8,362
10,002
9,172
11,098
23, 538
20,303
16,514
10, 025
6,182
504,869
5,107
8,761
7,746
235,060 I
7,114
13,100
16,407
935,710
18, 652
18,626 i 15,890
! 709,170
.067
.067
.067
.067
.067
.067
.067
.067
.067 i
.067
; 170,025
528, 399
326,014
395 030
339 188
431,401
401,271
477,897
309,872
325,079
279,345
236,238 | 202,756
158,880 167,186
617,952
272,102
664,387 I 563,343
317,066 ! 337,983
702,455 ! 738,629 I 690.228
J
~" '173
™ 401 , 656
""
467 579 ' 488
416, 408
335,955
255,036
248,106
162,164
154,247
115,773 ! 241,643
362,062
402,511
387 155
• 28,8
24, 779
24, 276
26, 809
GRAINS AND GRAIN PRODUCTS
Barley:
Prices, wholesale (Minneapolis):
1.35
No. 3, straight..
_.dol. per bu__
1.38
No. 2, malting
.do....
Production (crop estimate)! .thous. of b u . . .
9,079
Receipts, principal markets
do
11, 284
Stocks, commercial, dom., end of mo.do
Corn:
Grindings, wet process
. . d o . . . . & 6, 391
Prices, wholesale:
(a)
No. 3, yellow (Chicago)
dol. per bu._
No. 3, white (Chicago)
.do
(«)
Weighted avg.,5mkts., all grades. . . d o
1.16
Production (crop estimate)!___thous. of b u . .
8, 369
Receipts, principal markets
do
Stocks, domestic, end of month:
9, 406
Commercial
_.
do
On farms!
do
Oats:
Price, wholesale, No. 3, white (Chicago)
dol. per b u . .
Production (crop estimate) t---thous. of bu___
4,863
Receipts, principal markets
do
Stocks, domestic, end of month:
6,347
Commercial
_
-do
On farms!
. . . do
Rice:
Price, wholesale, head, clean (New Orleans)
dol. p e r l b . .
Production (crop estimate)!--thous. of b u . .
California:
Receipts, domestic, rough-bags (100 l b . ) . . 414,119
300, 737
Shipments from mills, milled rice...do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo..bags (100 lb.)__ 399, 269
Southern States (La,, Tex., Ark., Tenn.):
Receipts, rough, at mills
212
thous. of bbl. (1621b.)..
Shipments from mills, milled rice
788
thous. of pockets (100 lb.)_
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of mon th
1,146
thous. of pockets (100 lb.)..
Rye:
1.27
Price, wholesale, No. 2 (Mpls.)-.dol. per bu_.
Production (crop estimate)!..thous. of bu_1,573
Receipts, principal markets
do
22, 977
Stocks, commercial, dom., end of m o . .do
r
2
1.23
1.04
()
1.02
.97
~ 11," 681
21, 500
18, 891
"25*112
6,427
8,649
7,452
2 359,313
1.03
9,262
)
.92
1.23
1.33
322,187
9,267
19, 755
11,287
1.13
(a)
1.05
28, 929 13,076,159
25,190
11,313
12,156
1,996,100
.83 !
.81
1,143,86"
8,447
1.33
1.37
1.35
1.38
8,634
16, 267
7,476
13,910
6,210
11,947
11,824
10, 932
10, 358
1.14
1.15
1.32
1.37 I
1.06
42, 287
31, 492
15,888
17,729
21, 800
14,110
,113,549
9,604
8,720
5,707
13, 805
10,029
5,438
418, 255
.067
.067
.82
378 998
566
541
220
171
125
18
464
1,605
3,379
2.978
1,145
908
1,337
792
649
455
438
295
1,075
1,838
2,702
1,377
1,210
1,964
1 434
974
661
243
435
1,023
2,734
3,177
3,025
2,803
2,463
.83
.81
.87
.94
1.01
.95
1.01
1.09
1.11
1.27
1.23
2,943
20,458
1 818
21 064
3,909
22, 655
3,438
4,130
23,308
2,334
23,850
900
21,865
1,011
20,714
1.20
i 30, 781
1,059
21, 052
1,419
22,907
()
(a)
1.11
603
20 ,382
424 ,684
1
982 !
i
I
365
i,221
1,671
1.24
,573 i 1,963
20 ,509 ! 21,148
Revised. ° No quotation. 1 Dec. 1 estimate. 6 For domestic consumption only; excluding grindings for export.
* Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats until the crop year begins in July.
!Revised series. Data for the utilization of fluid milk in manufactured dairy products have been revised for all years; revisions resulted from the inclusion of data for dried whole
milk and condensed bulk goods and changes in factors used to compute milk equivalent of the manufactured products; revisions are available on request. For 1941 revisions for the
other indicated dairy products series, see notes marked " ! " on S-24 and S-25 of the March 1943 Survey. 1942 revisions are given at the bottom of p. S-35 of the March 1944 Survey,
except for evaporated milk (revised monthly average 293,209). The indicated grain series above and on p. S-27 have been revised as follows: All crop estimates beginning 1929; domestic disappearance of wheat and stocks of wheat in country mills and elevators beginning 1934; corn, oat, and wheat stocks on farms and total stocks of United States domestic wheat
beginning 1926. Revised 1941 crop estimates and December 1941 stock figures are on pp. S-25 and S-26 of the February 1943 Survey; revised 1941 quarterly or monthly averages for
all series other than crop estimates are given on pp. S-25 and S-26 of the April 1943 issue, in notes marked " t " , All revisions are available on request.
*New series. Data for 1918-38 are published on p. 103 of the 1940 Supplement to the Survey; figures for 1930-41 are available on request. January to November 1942 final figures
are shown in footnote marked "*" on p. S-26 of March 1944 Survey.
S-27
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
1943
April
March
April
May
July
June
1944
August
September
October
January
Novem- December
ber
February
March
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Con.
Wheat:
Disappearance, domestic!
thous ofbu
283, 966
258,165
No. 1, Dark Northern Spring (Minneapolis)
dol. per bu
1.68
No. 2, Red Winter (St. Louis) _—do
No. 2, Hard Winter (K. C.) __ do
1.64
1.67
Weighted av., 6 mkts., all grades-do
Production (crop est.), totalt-thous. of bu_.
Spring wheat
do
Winter wheat
do
51,341
Receipts, principal markets
do
Stocks, end of month:
292, 5C8
Canada (Canadian wheat)
do
United States, domestic, total^t
do
123, 307
Commercial
do
Country mills and elevatorsf
do
Merchant mills
do
On farmsf
do
Wheat flour:
Grindings of wheat
do
Prices, wholesale:
6.55
Standard patents (Mpls.)§..dol. per bbl_.
6.33
Winter, straights (Kansas City)§._.do
Production (Census):
Flour actual
thous. of bbl
ODerations Dercent of canacitv
Offal
thous of lb
Stocks held by mills, end of month
thous of bbl
1.40
1.52
1.38
1.39
1.42
1.58
1.38
1.40
1.41
1.40
1.41
47, 528
36,334
37, 271
56,041
1.44
1.37
1.39
342, 849
1.41
1.69
1.40
1.41
1.43
1.72
1.46
1.44
1.49
1.76
1.52
1.49
116,989
75,165
50,852
48, 587
1.63
1.62
1.63
1.62
1836, 298
1306, 692
*529, 606
44, 754
53, 775
361, 780 ' 350, 683
1,109,761
199, 592 178,541
210,102
126 255
519, 310
337, 395
322,995
814 901
136, 264
145, 986
112 130
379,121
1.41
1.66
1.40
1.42
272,423
294, 858
1.55
1.67
1.56
1.56
1.67
1.67
r
1.67
(a)
(a)
1.65
1.66
1.63
1.65
1.65
1.66
42, 942
52,395
61,147
321, 532
317,615
123,284
115, 870
317, 434
542,478
123,700
66, 759
95,820
217, 684
420,863
900,276
212,131
176 591
123 455
325 387
409, 388
390,113
386,589
194,063
173,167
387,497
616,310
162,151
102,116
104,378
188, 675
369,715
221,127
220,348
47,927
40,668
35,482
37, 893
40,053
42,828
45, 565
48,690
48, 699
49, 463
52,063
46, 441
46,020
6.38
6.20
6.44
6.11
6.45
6.07
6.43
5.93
6.42
6.02
6.36
6.00
6.42
6.40
6.44
6.52
6.44
6.52
6.55
6.49
6.55
6.49
6.55
6.49
6.55
6.42
10,569
66 8
818, 299
8,973
59.2
693,035
7,853
54.0
603, 659
8,384
55.4
643,084
8,826
58.7
682, 257
9,406
62.1
736,985
10, 053
69.3
776,800
10, 737
71.1
832, 679
10, 731
74.0
835, 600
10, 884
72.1
852, 056
11,429
78.9
901,486
10, 209
73.3
799,386
10,126
64.7
793, 659
5,055
4,235
147,994
4,949
4,141
4,026
LIVESTOCK
Cattle and calves:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Statest
thous. of animals..
Beef steers (Chicago)
dol. per 100 lb_.
Steers, stocker and feeder (K. C.)._.do
Calves, vealers (Chicago)..
do . . .
Hogs:
Receipts, principal markets
thous. of animals..
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb...
Hog-corn ratio f
bu. of corn per cwt. of live hogs..
Sheep and lambs:
Receipts, principal markets
thous. of animals.
Shipments, feeder, to 8 corn belt Statest
thous. of animals..
Lambs, average (Chicago)-dol. per 1001b..
Lambs, feeder, good and choice (Omaha)
dol. per 100 1b.
1,791
1,734
1,815
1, 664
1,600
1,439
1,6,19
2,178
2,616
3,005
2,817
1,972
1,964
1,722
84
138
142
99
81
64
160
400
546
382
162
92
71
73
15.04
12.76
14.00
15.54
14.49
15.00
15.71
14.58
13.88
15.44
14.60
14.40
15.56
14.38
14.63
15.32
12.48
14.63
15.36
12.17
15.20
15.45
11.81
14.81
15.30
11.36
13.88
15.10
10.97
13.90
14.87
11.29
14.06
14.82
11.60
14.00
14.91
12. 95
14.00
15.12
13.06
14.00
3,932
3, C36
2,854
3,333
3,688
3,488
3,016
2,841
3,278
4,681
4, 603
5,278
4, 769
4,764
13.53
15.59
15.13
14.44
13.85
13.56
13.97
14.68
14.63
13.64
13.35
13.21
13.50
13.94
11.3
15.5
14..3
13.4
12.8
12.2
12.6
12.9
13.1
12.3
11.5
11.3
11.4
11.5
1,465
1,743
1,6C8
2,078
1,787
2,438
3,399
4,248
4,022
3,208
2,313
2,010
1,587
1,571
66
221
139
194
151
129
432
927
979
558
141
129
99
94
15.94
16.24
15.98
15.82
15.22
14.49
14.06
13.96
13.75
13. 54
14.12
15.00
15.86
15.84
14.91
14.42
14.07
C)
13.47
12.67
11.81
11.35
11.65
12.50
13.27
13.25
13.09
.
MEATS
Total meats (including lard):
1, 672
1,504
1, 755
1,319
1,651
1,757
1, 547
1,488
1,374
1,442
1,320
1,397
••1,387
Consumption, apparent
mil. of lb_.
1,680
2,014
1,989
2,130
2,189
2,021
1,572
1,567
1,603
1,384
1,544
1,690
1~746
1,490
Production (inspected slaughter)
do
761
846
1,073
1,314
1,618
' 1, 684
795
985
924
864
880
998
S09
Stocks, cold storage, end of month
do
1, 713
100
113
106
104
114
137
143
152
144
116
94
135
86
79
Miscellaneous meats
_ _ do
Beef and veal:
534,497 475,877 482, 234 432, 726 493, 360 557,347 626, 759 668, 772 622, 860 596,184 609,533 544, 565 593, 516
Consumption apparent
thous oflb
Price, wholesale, beef, fresh, native steers
.200
.200
.200
.200
.200
.200
.200
.200
.212
.200
.201
.220
.220
.220
(Chicago)
dol. per lb
Production (inspected slaughter) _thous. of lb.. 546, 898 534,147 466,858 459, 331 421,212 485, 412 552,554 628, 439 684, 459 675,952 645, 986 630,711 584, 953 609, 671
81, 744
88,046 101,254 112,300 134, 694 186, 326 226, 755 241, 550 279, 654 -293,971
282,292
90,060
Stocks, beef, cold storage, end of mo do
97, 736
92,981
Lamb and mutton:
72,941
74, 232
68, 700
62, 027
83,480
87, 404
90, 619
71, 622
74, 707
65,380
61,488
59, 279
56, 571
Consumption, apparent
_ do
81,521
94, 356
64, 169
66, 557
89,478
98, 228 104, 485
93, 641
69,941
65, 929
78,136
64,804
64,101
58, 683
Production (inspected slaughter)
do
34,599
32, 251 ' 21, 659
17, 704
31,267
23, 207
13,777
33,172
7,808
9, 660
10, 284
16,071
11,649
Stocks, cold storage, end of month.__ do
12, 571
Pork (including lard):
783,126 784, 700 849, 521 891, 343 874,175 678,505 773, 771 744, 242 1,058,232 982, 992 1,079,148 940, 621 1,005,242
Consumption apparent
do
Production (inspected slaughter)
do
1,140,100 891,478 853,259 1,015,157 1,115,854 1,125,954 929,828 840, 251 891, 077 1,243,399 1,390,375 1,476,475 1,372,196 .1,312,673
Pork:
Prices, wholesale (Chicago):
.258
.258
.258
.258
.258
.258
.258
.258
.293
.293
.258
.293
Hams smoked
dol. per lb
.293
258
.252
. 256
.256
.256
. 256
.256
.256
.256
.256
.284
.284
.270
.284
.255
Fresh loins, 8-10 lb. average
do
Production (inspected slaughter) thous. of lb._ 836,825 703, 700 670, 622 771, 300 853, 729 851,814 703,109 646, 802 687, 405 954,017 1,034,216 1,111,863 1,017,973 970, 921
341,
432
383,118
646,
631
792,113
497,164
'791,
867
514,
247
363, 615
Stocks, cold storage, end of month
do
781,392 591, 597 524,049 519, 798 513, 784 544, 297
Lard:
122,
914
145,
920
104,
203
182,
607
98,
822
50,961 133, 976
72,411 105, 244
151, 400
84,976
57, 782 103,087
Consumption, apparent _
..do
Prices, wholesale:
Prime, contract, in tierces (N. Y.)
.139
.139
.139
.139
.139
. 139
.139
.139
.139
.139
.139
.139
.139
.139
dol. per lb_.
.146
.146
.146
.146
.146
.146
.146
.146
.146
.146
.146
.146
.146
Refined (Chicago)
do. .
. 146
Production (inspected slaughter) .thous. of lb._ 221,830 136,444 132, 836 177, 699 191,028 200,072 165,420 140, 997 148, 249 210,948 260,110 265,873 259, 054 ••249, 020
Stocks, cold storage, end of month
do
497, 641 128, 264 149,141 166,129 220,831 240, 950 260,009 195, 351 157,163 130, 984 161, 791 248,038 361, 508 '432, 339
r
Revised.
« No quotation.
i Dec. 1 estimate.
§ Prices beginning June 1943 are quoted for sacks of 100 pounds and have been converted to price per barrel of 196 pounds to have figures comparable with earlier data.
break-do^
1942 are irTthe March" andApril 1943 "issues; earlier0 revisions are available on request/ The series for feeder shipments of cattle and calves and sheep and lambs have been revised
beginning January 1941 to include data for Illinois; revisions are shown on pp. S-26 and S-27 of the August 1943 Survey.
S-28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
June 1944
1944
1943
April
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
FOODSTUFFS AND TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Price, wholesale, live fowls (Chicago)
dol. per lb.
Receipts, 5 markets
thous. of lb_
Stocks, cold storage, end of month
do...
0.255
19, 721
129,988
Price, wholesale, fresh firsts (Chicago) t
dol. per doz_.
.311
Production
millions..
6,978
Stocks, cold storage, end of month:
6,987
Shell
thous. of cases.
Frozen
thous. of lb_. 218,077
0.229
0.225
53,155
71,117
140, 230 197,880
0.241
0.250
0.250
20, 434
64, 223 30,683
226,161 239, 993 220,863
0.245
14,290
58,079
0.246
9,452
32, 513
0.250
9,439
20,963
0.250
14, 742
25,379
0.250
24, 213
38,851
0.250
29, 691
55,315
0.243
42,562
86,279
.374
6,482
.372
6,726
.379
6,497
.386
5,350
.382
4,541
.417
3,313
.424
2,987
3,181
99,180
6,227
172,279
8,266
251, 526
8,966
323,194
8,578
351,169
.399
3,878
7,529
343,601
6,018
306,189
591
471
615
515
144
137
1,114
860
1,475
1,070
1,193
985
.134
530
.134
646
.134
627
.134
818
.134
1,550
2,660
2,310
1,997
388, 262 369,566
370,674
383, 463 382, 354 335, 721 340, 043 350, 373
.037
261,352
.037
207,247
.037
.037
245, 222 253,818
.065
.055
.065
.055
.066
.055
.066
.055
.400
.350
4,436
.334
5,346
3,994
242,264
675
1,780
172, 387 102, 270
.765
81, 712
2,008
98, 597
1,225
1,018
278
141
1,204
1,024
998
846
.134
1,374
.134
1, 530
.134
1,450
973
765
.134
1,219
.134
1,220
.134
1,470
1,536
1,076
836
1,192
1,580
.428
2,724
TROPICAL PRODUCTS
Oofifee:
1,616
Clearances from Brazil, totaLthous. of bags.
1,127
To United States
do._.
Price, wholesale, Santos, No. 4 (N. Y.)
.134
dol. per lb._
Visible supply, United States.thous. of bags..,
966
Sugar, raw:
Cuban stocks, end of month§
thous. of Spanish tons..
3,097
United States:
Meltings, 8 ports§
long tons. 370,804
Price, wholesale, 96° centrifugal (N. Y.)
dol. per lb.
.037
Stocks at refineries, end of mo§. long tons. 191, 384
Sugar, refined, granulated:
Price, retail (N. Y.)
dol. per lb_.
.066
.055
Price, wholesale (N. Y.)
do
2,418
' 3,108
3,294
3,069
308, 657
298,342
274,003
356,650
.037
203,914
.037
182, 290
.037
221,488
.037
.037
242, 334 278,974
.068
.055
.068
.055
.067
.055
.066
.055
32, 356
33,831
32,139
26,997
24,837
23, C
27,025
34,862
37,651
25, 906
29, 782
30, 434
21, 371
34,133
34, 755
56,092
59,162
46,548
75, 438
47,078
93,121
45.091
98,225
32,885
51, 568
0)
0)
(0
1,961
1,863
2,519
2,046
2,214
2,352
2,150
2,071
2,431
0)
(0
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
.065
.055
.037
.037
278, 242 262,133
.037
206,583
.066
.055
.066
.055
.066
.055
37, 538
38, 664
32,864
34, 836
28, 201
104,850
12, 055
99,354
11,818
85,060
• 69,857
0)
0)
0)
0)
0)
(0
0)
0)
0)
0)
0)
0)
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers__thous. of dol.
Fish:
Landings, fresh fish, principal ports
thous. of lb..
Stocks, cold storage, end of month
do
Gelatin, edible (7 companies):
Production
do
Shipments
do
Stocks
do
TOBACCO
Leaf:
Production (crop estimate)
mil. of lb_.
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb._
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue-cured and light air-cured
do
Miscellaneous domestic
do.
Foreign grown:
Cigar leaf
...do.
Cigarette tobacco
do.
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions.. 18,778
Large cigars
thousands... 362,403
Mfd. tobacco and snuff
thous. of lb._ 20,036
Prices, wholesale (list price, composite):
Cigarettes, f. o. b . , destination
dol. per 1,000..
6,006
Production, manufactured tobacco:
Total
thous. of lb_.
Fine-cut chewing
. do
Plug
do . . .
Scrap, chewing
do
Smoking
.do
Snuff
do
Twist
...do.._.
18,119
2 1, 403
3,329
294
2,553
3
2,952
2,889
3,008
377
269
2,220
338
245
2,223
2
310
229
2,379
'3
'27
61
22
20,612
489,152
26,856
25
56
19,943
451,899
25,135
20,894
18,476
441, 372 449,641
23,246
23,906
22,878
427,231
23,966
23, 682 22, 573 23, 508 24,324
425,363 424,896 432,860 428,942
28, 305 28,791
25,821
25,796
22, 799 20,115
17, 425
403, 858 366, 919 388, 955
25,829
23, 939 21, 339
6.006
6.006
6.006
6.006
6.006
6.006
6.006
6.006
6.006
6.006
6.008
29,266
399
5,368
4,150
14,447
4,344
559
26,856
348
4,878
4,151
13,145
3,752
583
25,147
319
4,704
3,927
12, 434
3,212
551
25,467
422
4,589
4,405
12,153
3,371
527
25,979
345
5,059
4,279
12,386
3,403
506
27, 752
373
5,433
4,615
13,357
3,449
525
29,403
370
5.300
4,519
15,186
3,512
516
29,349
434
4,911
4,631
15, 410
3,447
515
30, 411
381
5,080
4,852
16,108
3,460
530
26,284
374
4,387
4,684
12,603
3,721
515
25,073
318
5,078
4,473
11,018
3,676
511
6.006
LEATHER AND PRODUCTS
HIDES AND SKINS
Livestock slaughter (Federally inspected):
Calves
thous. of animals..
Cattle
do..._
Hogs
do
Sheep and lambs
_._do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. p e r l b - .
Calfskins, packers', 8 to 15 lb.
...do....
365
796
4,463
1,458
328
774
5,357
1,622
327
708
5,650
1,594
335
845
5,427
1,988
434
988
4,464
2,269
532
1,146
4,174
2,454
655
1,275
4,930
2,633
625
1,290
6,972
2,370
529
1,201
7, 567
2,258
468
1,141
7,839
1,933
441
1,043
7,380
1,501
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
962
1,975
2,971
5,568
874
1,871
3,157
4,756
835
1,805
3,304
4,997
761
1,884
3,096
4,588
796
1,918
3,264
5,001
756
1,952
2,929
4,572
829
2,020
2,922
' 4, 997
LEATHER
Production:
923
924
1,010
Calf and kip
thous. of skins.2,199
1,949
Cattle hide
thous. of hides..
2,249
2,408
Goat and k i d . .
thous. of skins..
3,276
2,883
3,094
2,937
4,918
Sheep and lamb
do
4,991
4,959
4,643
2
Revised.
i Temporarily discontinued.
Dec. 1 estimate.
% Compiled by Department of Labor; see note in April 1944 Survey.
§ Data through June 1942 are available in the 1912 Supplement and on p. S-26 of the October 1942 Survey,
except for revisions shown in note marked "§ in the April 1944 Survey.
June 1944
S-29
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together "with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
March
April
May
June
July
1944
August
September
October
Novem- December
ber
January
February
March
0)
0)
0)
0)
LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, bends (Boston)tdol. perlb._
Chrome, calf, B grade, black, composite
dol. per sq. ft..
Stocks of cattle hides and leather, end of
month:
Total
thous. of equiv. hides.
Leather, in process and finished do
Hides, raw
do
0)
(0
0.440
0.440
0.440
0.440
.529
.529
.529
.629
10,708
6,344
4, 364
11, 290
7,845
3,445
10, 830
7,530
3,300
10,644
7,281
3,363
10,141
6,961
3,180
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
41,945
367
1,380
738
34,811
4,090
40,657
322
1,624
871
33,503
4,278
1,486
2,283
2.966
7,775
16,211
3,578
1,071
0.440
0.440
0.440
0.440
0.440
0.440
0.440
.529
.529
.529
.529
.529
.529
9,772
6,587
3,185
6,249
3,231
9,325
5,986
3,339
9,646
5,918
3,728
9,991
5,963
4,028
10,103
6,041
4,062
10, 378
6,139
4,239
10, 667
6,286
4,381
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
6.75
4.60
3.50
36, 313
248
1,661
611
29,394
3,995
39,614
157
2,807
655
31,372
4,138
37,445
127
3,122
568
29, 304
3,207
39, 682
191
3,082
676
30, 627
3,557
37,924
169
3.061
627
29,156
3,627
38, 042
175
3,131
674
28, 769
3,544
36, 408
38,243
214
180
4,730
3, 540
731
713
26, 462 • 27,766
3,913
3,400
1,578
2,129
3,061
7,819
14,638
1,468
2,019
2,525
6,899
12,487
1,684
2,132
2.710
7,155
13,553
1,792
2,102
2,648
6,816
12, 738
1,782
2,135
2,889
7, 082
13,182
1,893
2,128
2,554
6,G82
12, 271
1,801
2,184
2,479
6,574
12,188
1,590
2,084
2,312
6, 059
11,016
1,804
2,170
2,641
6,401
10, 837
1,576
2,155
2,659
5, 965
9,952
1, 615
' 2, 198
2,756
5, 994
• 10, 123
1,508
2,478
3,387
6,516
11, 151
3,795
542
3,993
405
4,069
554
3,807
516
4,513
593
4,447
463
4,888
404
4, 985
529
4,202
599
3,790
495
' 4, 045
'552
4.475
570
(0
• 10, 954
r 6, 303
' 4, 651
LEATHER MANUFACTURES
Boots, shoes, and slippers:
Prices, wholesale, factory:
Men's black calf blucher
dol. per pair
Men's black calf oxford, corded t i p . . d o . . .
Women's plain, black, kid blucher!-do__.
Production, boots, shoes, and slippers:
Total
.thous. of pairs..
Athletic
do
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do
High and low cut, leather, total..do
Government shoes
do
Civilian shoes:
Boys' and youths'
do
Infants'
do
Misses' and children's
do
Men's
do
Women's
do
Slippers and moccasins for housewear
thous. of pairs...
All other footwear.._
do
37,170
233
5,977
791
25, 885
3,577
• 38, 047
r
173
' 5, 996
840
• 26, 440
r
3, 755
r
6.75
4.60
3.50
42, 136
206
6.955
939
28, 992
3,953
LUMBER AND MANUFACTURES
LUMBER—ALL T Y P E S
National Lumber Manufacturers Assn.:!
Production, total
. . . m i l . 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
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks.end of month
583
2,305
4,024
1,329
2,695
2,886
483
2,403
3,046
562
2,484
3,649
1,154
2,495
2,907
507
2,400
2,998
565
2,433
3,615
1,106
2,509
2,897
516
2,381
2,878
541
2,337
3,686
1,095
2,591
2,962
558
2,404
2,962
552
2,410
3,704
1,102
2,602
2,886
592
2, 294
2,883
549
2,334
3,718
1,134
2,584
2,743
536
2,207
2,772
505
2,267
3,632
1,145
2,487
2.669
£09
2,160
2,607
510
2,097
3,626
1,132
2,494
2,500
476
2,024
2,582
492
2,090
3,578
1,151
2,427
2,188
414
1,774
2,278
422
1,856
3, 492
1.150
2, 342
2,278
415
1, 863
2, 399
469
1,929
2
4.190
1,096
2
3, 094
2, 554
481
2,072
2, 658
468
2,189
2
4, 075
1,097
2
2,978
5,850
7,000
4,675
5,900
8,350
6,575
8,000
4,150
5, 575
6,750
4,850
7, 500
3,700
5,150
5,500
4,400
7, 500
3, 600
4,500
4,500
3,300
7,450
3,550
3,600
4,650
3,850
7, 550
3,100
3,550
4,150
4,000
7, 575
2,725
3,975
2,900
4,025
8,000
2,925
3, 600
2,225
3,250
8,400
2,675
2,850
2,025
2,775
7,825
3,075
3,200
2,000
3,150
7, 400
2,950
2,000
2,900
4,900
9,000
3,350
3,400
2,950
3,600
8,850
3,500
3. 800
2, 650
13, 234
23, 940
13, 905
14, 816
5, 991
32,295
33,637
17,806
26, 284
42, 675
31, 584
37, 373
17,104
27,848
32,931
24, 572
34, 708
15, 994
255 437
23,065
19,135
31,699
15, 758
22,144
16, 679
16,153
25,900
15,711
19, 770
11, 352
16, 354
23, 600
15,108
18,085
8,375
14, 496
24,510
14, 034
13,586
8,823
12, 844
22, 546
14. 986
14, 808
9,001
19,182
25, 346
15,035
16, 382
7,654
15. 573
21, 665
15, 466
19, 254
3,866
12, 306
23,399
13, 857
10,572
7,151
20,162
29, 477
14, 022
14, 084
7, 334
13, 658
27, 263
16, 479
15, 873
6,902
33. 810
32. 340
32. 340
32. 340
32.340
32.340
32. 340
32. 340
32. 340
32.340
33.443
33. 810
33. 810
33. 810
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44.100
44. 100
948
954
915
945
882
924
816
894
816
903
843
906
836
906
910
953
859
1,030
657
914
793
1,056
710
1,073
806
1, 111
41. 394
55. 233
32. 547
51. 625
897
910
1,499
32. 547
51. 625
908
924
1,483
33. 518
51. 625
833
903
1,413
33. 518
51. 384
799
846
1,366
33. 518
51.384
826
807
1,385
37. 316
51. 384
838
840
1,383
37. 636
51. 384
796
836
1,343
37. 636
51. 384
814
863
1,294
37. 636
51. 384
817
782
1, 329
37. 636
51. 384
772
773
1,328
37. 636
51. 384
664
651
1,341
37. 636
53. 699
685
693
1, 333
39. 234
54. 313
745
768
1,310
512
517
460
565
517
585
513
565
577
577
574
591
540
561
459
488
495
469
412
433
426
420
374
412
411
435
480
464
34. 66
428
459
31.47
351
438
853
31.59
424
500
777
32.08
585
533
829
33.36
645
565
909
34.52
635
561
34.59
616
590
1,009
34.50
578
532
1,055
34.62
524
514
1,065
34.67
475
448
1,092
34.60
402
439
1,055
34.63
284
382
957
34.60
309
388
878
34.60
389
452
815
706
1.018
'709
715
502
772
1,056
748
791
504
728
1,105
731
758
500
708
1,111
712
753
505
710
1,103
695
729
504
730
1,117
722
741
503
725
1,127
704
715
511
725
1,097
682
675
497
678
1,041
699 !
661
482 i
754
1,013
682
706
448
691
1,033
658
639
466
743
1,073
683
659
491
793
1,083
725
764
460
M bd. ft.
do...
do..
do.
do...
do...
do
do.
do.
do
SOFTWOODS
Douglas fir:
Prices, wholesale:
Dimension, N o . 1, common, 2 x 4—16
dol. per M b d . ft...
Flooring, B and better, F . G., 1 x 4, R. L .
dol. per M bd. f t . .
Southern pine:
Orders, newf
mil. bd. ft_.
Orders, unfilled, end of m o n t h !
do
Prices, wholesale, compositeBoards, N o . 2 common, 1" x 6" and 8"
dol. per M bd. ft—
Flooring, B and better, F.G., 1 x 4 . . d o
Production!
mil. bd, ft-.
Shipments!
do
Stocks, end of monthf
do
Western pine:
Orders, new
do
Orders, unfilled, end of month
do
Price, wholesale, Ponderosa, boards, N o . 3
common, 1" x 8"
dol. per M b d . f t . .
Productiont
mil. bd. ft—
Shipments!
.do
Stocks, end of monthf
do
West coast woods:
Orders, newf
..
do
Orders, unfilled, end of month
do
Production!
do
Shipments!
...do
Stocks, end of month
do
r
j
2,770
479
2,291
3,084
606
2,478
3,778
1,221
2, 557
2,687
507
2,180
r
J
Revised.
N o quotation.
2 includes Southern pine stocks at concentration yards not included prior to February; these stocks totaled 798 mil. bd. ft. Dec. 31, 1943.
! Revised series. T h e price series for sole oak leather is shown on a revised basis beginning with t h e October 1942 Survey; revisions beginning July 1933 are available on request.
D a t a beginning 1940 for t h e revised shoe price series are shown in footnote marked " t " on p . S-28 of the June 1943 Survey. Revised 1937-39 figures for total lumber stocks, hardwood
stocks and softwood stocks, and revisions for 1941 and, in some instances, earlier years for the other indicated lumber series are on p p . 27 and 28 of the March 1943 Survey. F u r t h e r
revisions in data published prior to t h e December 1943 Survey have been made as follows: Total stocks and hardwood and softwood stocks beginning 1940 and all series beginning
January 1942 on the basis of data collected b y the Bureau of the Census. Southern Pine unfilled orders and stocks were further revised in the M a y 1944 issue to include data for concentration yards (revisions carried back to 1929 b y adding 798 to stocks and 111 to unfilled orders as previously published). All revisions will be published later (for revised 1942 m o n t h l y
averages see M a y 1944 Survey). T h e 1942 Census included m a n y mills in the Eastern States not previously canvassed; this affects the comparability of the statistics of 1942-43 with
Digitized
forforFRASER
those
earlier years for Southern pine and for total lumber, total softwoods, and total hardwoods. T h e revised price series for Southern pine each represent a composite of 9 series;
for comparable data beginning July 1942 see note at bottom of p . S-35.
S-30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1943
1944
April
June 1944
March
April
May
June
July
1944
August
September
October
Novem- Decem- January Februber
ber
ary
March
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Redwood, California:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
M bd. ft.
_do.__
do...
do...
do...
32,442 67,666
34,608
161, 208 110,895 93,040
37, 653 37, 343 37,420
36, 854 51,659 48,346
68, 759 128,152 115,857
FURNITURE
All districts:
Plant operations
per cent of normal
Grand Rapids district:
Orders:
Canceled
percent of new orders._
New..
-__no. of days' production..
Unfilled, end of month
do
Plant operations
percent of normal..
Shipments
no. of days' production..
73,863
47,407
90,949 118,148
35, 551 38, 489
47,856 42,624
94,881
101,246
59,415
137, 297
33,853
39,641
86,487
30, 731
126,551
38, 528
40, 212
82, 315
41,002
34,150
121,865 126,186
37,013
37,038
35, 898 43,295
81, 578 71,772
9.0
69.0
66.0
65.0
64.0
64.0
64.0
6.0
23
91
74.0
5.0
23
100
74.0
19
4.0
20
108
65.0
17
6.0
21
108
66.0
21
8.0
17
104
65.0
20
9.0
15
90
55.0
21
17.0
12
37, 415 62, 706 34, 539 40, 063
123,899 152, 289 151,022 158, 094
34, 616
38, 884 32, 674 33,129
40, 054 32, 303 36, 770 34, 222
74, 941 69,018
68,515
66, 558
64.0
60.0
60.0
60.0
55.0
20
8.0
11
72
50.0
17
14.0
15
69
54.0
17
6.0
20
70
51.0
18
4.0
26
52.0
16
4.0
48
83
60.0
17
METALS AND MANUFACTURES
IRON AND STEEL
Iron and Steel Scrap
Consumption, total*
thous. of short tons.. !
Home scrap*
do
|
Purchased scrap*
do..
Stocks, consumers', end of mo., total*, .do..
Home scrap*
do..
Purchased scrap*
do..
5,361
3,007
2,354
6,179
1,688
4,491
5,199
2,938
2,261
6,253
1,682
4,571
5,289
2,990
2,299
6,279
1,670
4,609
5,032
2,855
2,177
6, 365
1,715
4,650
5,119
2,919
2,200
6,351
1,727
4,624
5,248
3,036
2,212
6,282
1,726
4,556
5,215
3,000
2,215
6,131
1,732
4,399
5, 409
3,112
2,297
5,941
1, 655
4,286
5,131
2,884
2,247
5,882
1,674
4,208
4,983
2,848
2,135
5,929
1,701
4,228
5,170
2, 952
2,218
5,658
1,652
4,006
4,944
2,838
2,106
5,580
1,613
3,907
7,273
5,288
17, 892
14, 985
2,907
7,723
0
25,088
21,150
3,938
7,186
1,955
18, 497
15,682
2,815
7,374
10,975
21,297
18,520
2,777
6,940
11,864
26,098
23,273
2,825
7,156
13, 589
32,389
28,650
3,739
7,617
13,977
38, 572
33, 816
4,756
7,493
12, 743
43, 840
37,859
5, 981
7,751
j l , 613
48,614
41, 880
6,734
7,409
6,941
49,371
42,977
6,394
7,509
750
43, 428
37, 219
6,209
7,482
0
36, 059
30, 746
5,313
7,207
0
28, 910
24, 357
4,553
87, 727
69, 407
68, 963
85, 744
78,143
76, 526
74, 244
72, 559
70, 744
77, 768
69,959
69,146
78, 289
69, 111
70, 584
91, 653 108, 505
66,011
67, 615
67,954 68, 485
99,911
74, 874
71, 869
101,510
74, 254
72, 209
93, 370
72,077
72,838
81,978
75,188
76, 832
93, 261
75, 247
73, 997
78, 503
74, 371
72, 631
5,219
4,954
5,052
4,748
5,010
5,174
5,120
5,271
5,001
5,019
5,202
4,996
23.50
24.17
24.00
5,243
23.50
24.23
24.00
5,314
23.50
24.23
24.00
5,035
23.50
24.20
24.00
5,178
23.50
24.17
24.00
4,836
23.50
24.17
24.00
5,023
23.50
24.17
24.00
5,316
23. 50
24.17
24.00
5,226
23.50
24.17
24.00
5,324
23.50
24.17
24.00
5,096
23.50
24.17
24. 00
5,213
23.50
24.17
24.00
5, 276
23. 50
24.17
24.00
5,083
1,512
1,486
1,487
1,539
1,505
1,527
1, 551
1,504
1,492
1,572
1,616
62, 828
67, 593
74, 353
71, 884
19, 710
68, 051
75, 763
60,177
58, 992
7,734
76,198
94,318
58, 841
57, 643
8,832
64, 274
92,137
70,845
66, 455
13, 222
89, 821
99, 679
83, 596
82, 279
14, 539
70,308
99,910
65, 649
70, 077
10,111
86, 804
97,047
93, 056
89, 667
13, 500
95,072
97,915
93,657
94, 204
12, 953
103,318
104,945
95, 217
96, 288
11,882
88, 659
105, 779
88, 841
87,825
12,898
58,570
99, 375
74,183
64, 954
22,127
61,214
88, 730
78, 986
71, 859
28, 924
731
064
470
777
165, 792
20, 461
161,403
17, 467
192, 531
19, 951
163,812
21, 424
171, 774 187, 281 200, 634
18, 370 15,637 39, 637
163, 934 158, 783 158, 832
22,108
19, 761 20,883
214,086
66,146
157,818
24, 564
211,341
28, 876
163,888
27,015
209,276
33,901
158,813
25,780
173, 627
35,039
158, 626
27, 613
167,739
7,569
98
.0265
'7,675
100
'7,374
99
' 7, 550
98
' 7,039
95
7, 514
101
' 7 , 814
101
' 7, 372
99
' 7, 255
94
'7,587
96
.0265
.0265
.0265
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
1,757
1,772
1,631
3,383
1, 610
1,610
41
4,286
2,069
2.049
65
847
602
989
855
Iron Ore
Lake Superior district:
Consumption by furnaces__thous. long tons.
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new, net__.
..short tons,_
Production
do
Shipments
do
Pig iron:
Consumption*
thous. of short tons..
Prices, wholesale:
Basic (valley furnace)_.dol. per long ton..
Composite
do
Foundry, No. 2, Neville Island*
do
Production*
thous. of short tons .
Stocks (consumers' and suppliers'), end of
month*....
thous. of short tons..
Boilers, range, galvanized:
Orders, new, net
number of boilers..
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Steel, Crude and Semimanufactured
Castings, steel, commercial:
Orders, new, total, net
short tons.
Railway specialties
do
Production, total
do
Railway specialties
do
Steel ingots and steel for castings:
Production^
thous. of short tons._
Percent of capacity!
Prices, wholesale:
Composite, finished steel
dol. per 1b
Steel billets, rerolling (Pittsburgh)
dol. per long ton..
Structural steel (Pittsburgh)
dol. per lb_.
Steel scrap (Chicago)
dol. per long ton..
TJ. S. Steel Corporation, shipments of finished
steel products
thous. of short tons..
Steel, Manufactured Products
Barrels and drums, steel, heavy types:!
Orders, unfilled, end of month.,thousands..
Production
do
Shipments
.__
do
Stocks, end of month
do
Boilers, steel, new orders: °
Area
thous. of sq. ft..
Quantity
number..
202,
34,
176,
17,
r
r
18,181
1,658
78,
78,
80,
88,
20,
825
982
516
573
867
173, 592
27, 244
159, 795 161, 359
25, 826 27, 488
r
7,408
"7,586
98
.0265
. 0265
.0265
.0265
.0265
.0265
.0265
. 0265
.0265
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34. 00
.0210
18.75
1,707
1,553
1,661
1,704
1,665
1,795
1,661
1,720
1,731
1,756
1,875
4,890
2.222
2,201
89
5,947
2,373
2,371
88
7,611
2.388
2,413
63
9,004
2,427
2,422
67
13,711
2,582
2.583
65
14, 556
2,584
2,578
69
14, 876
2,584
2, 586
65
13,013
2,522
2,527
52
8,827
2,460
2,473
39
5,031
2, 254
2,233
61
4, 532
1, 854
1, 802
3,179
1,907
1,917
44
547
373
5, 681
1,334
5,042 ! 2,226
1,445 I 894
3,757
1,345
858
977
813
1, 360
637
753
533
742
834 |
7,189
97
1,005 !
602 I
779
703
' Revised.
• M i n o r revisions for J a n u a r y - O c t o b e r 1942, which h a v e not been published, are available on request.
^Revisions for J a n u a r y a n d F e b r u a r y 1943: J a n u a r y , 7,425; F e b r u a r y , G.825.
§Beginning J a n u a r y 1944, p e r c e n t of c a p a c i t y is calculated on a n n u a l capacity as of J a n . 1, 1944, of 93,648,490 tons of o p e n - h e a r t h , Bessemer, a n d electric steel ingots a n d steel for
castings; d a t a for J u l y - D e c e m b e r 1943 a r e based on c a p a c i t y as of J u l y 1, 1943 (90,877,410 tons) a n d earlier 1943 d a t a on c a p a c i t y as of J a n . 1, 1943 (90,288,860 t o n s ) .
J D a t e f o r 1943 cover practically t h e entire i n d u s t r y ; m a n u f a c t u r e r s reporting for 1942 accounted for a p p r o x i m a t e l y 92 percent of t h e i n d u s t r y according to 1939 census d a t a .
* N e w series. F o r a description of t h e series o n scrap iron a n d steel a n d pig-iron c o n s u m p t i o n a n d stocks a n d 1939-40 d a t a , see n o t e m a r k e d " * " o n p . S-29 of t h e N o v e m b e r
1942 S u r v e y ; later d a t a are available on p . S-30 of t h e April 1942 a n d s u b s e q u e n t issues. T h e n e w series on blast furnace p r o d u c t i o n of pig iron, i n c l u d i n g blast furnace ferro-alloys,
is from the American Iron and Steel Institute and is approximately comparable with data from the Iron Age in the 1942 Supplement (data in the Supplement are in short tons in-
stead of long tons as indicated), but include charcoal furnaces; ferro-alloys produced in electric furnaces are not included; for 1941 monthly average from American Iron and Steel
Institute and data beginning January 1942, see p. S-30 of the May 1943 Survey. The new pig iron price, f. o. b. Neville Island, replaces the Pittsburgh price, delivered, shown in
http://fraser.stlouisfed.org/
the Survey prior to the April 1943 issue; 1941 average, $24; earlier data will be shown later.
Federal Reserve Bank of St. Louis
S-31
SURVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
1944
1943
March
April
May
June
July
August September
October
Novem- December
ber
February
January
March
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Steel, Manufactured Products—Con.
Porcelain enameled products, shipments!
thous. of doJ__
Spring washers, shipments.
do..
Steel products, production for sale: •
Total
thous. of short tons
Merchant bars
do.....
Pipe and tube
do...
Plates
do...
Rails
.do...
Sheets
do...
Strip:
Cold rolled
do...
Hot rolled,.
_do._.
Structural shapes, heavy.
do...
Tin plate and terneplate©
do...
Wire and wire products
do....
NONFERROUS METALS
1
|
2, 603
357
2,605
348
2,472
326
2,377
345
2,416
327
2,637
345
2,548
317
2,547
349
2,857
362
2,627
351
2,589
363
2,722
376
3,046
5,516
580
510
1,127
172
790
5.132
523
512
1,068
155
701
5,156
501
498
1,066
154
666
5,062
489
488
3,002
162
676
5, 069
514
484
1,048
172
684
5,088 i 5,250
510
514
505
508
1,072
1,032
201
173
682
655
5,334
526
513
1,113
192
732
5,316
546
477
1,107
180
775
5,211
532
460
1,143
212
762
5,265
560
484
1,096
196
764
5,208
530
483
1, 074
216
754
5,616
554
515
1,164
226
831
100
124
327
185
397
114
312
169
357
97
111
320
203
359
107
280
220
364
97'
122
345
151
377
95
117
336
136
380
85
115
361
128
3G0
86
119
353
156
319
86
116
337
194
349
96
133
357
223
379
.0425
.1178
. 0650
. 52C0
.0825
.0812
.1178
.0650
. 5200
.0825
.0812
.1178
. 0650
.5200
.0825
. 0812
.1178
.0650
.5200
.0825
.0738
.1178
.0650
.5200
. 0825
.0725
.1178
.0650
.5200
.0825
.0623
.1178
.0650
. 5200
.0825
. 0575
. 1178
.0650
.5200
.0825
. 0575
.1178
.0650
. 5200
.0825
.0575
.1178
.0650
. 5200
.0825
.0518
.1178
.0650
.5200
.0825
.0503
.1178
.0650
.5200
.0825
. 0462
.1178
. 0650
.5200
. 0825
. 0445
.1178
.0650
.5200
.0825
5, 643
1,353
4, 290
.195
4,175
674
3,502
.195
4, 351
723
3,627
.195
4,315
778
3, 537
.195
4,184
727
3, 458
.195
4, 097
620
3,477
195
4,259
985
3,274
.195
4,563
991
3,572
.195
4,663
771
3,893
:_'. 195
4,814
911
3,904
.195
4,947
946
4,001
.195
5,269
648
4,621
.195
5,485
964
4,521
.195
5, 54 3
1,318
4,225
.195
1,128
19, 907
3,326
1,005
17,134
2,612
333
14, 654
2,713
1, 024
13,133
2,545
706
11, 336
2,504
149
8,505
2,888
595
7,336
1,817
1,042
6,391
1,860
1,102
6,293
1,245
953
5,558
1,382
974
5,379
1,147
431
4,765
943
430
4,124
870
562.7
538.6
635. 2
362.7
297.7
558.7
348.9
274.3
573.7
413.6
355.6
609.2
379.4
320.9
577.0
390.4
341.0
556.9
346.6
268.7
621.0
436.6
375.7
650. 9
388.0
328.0
600.3
442.8
396.5
605.4
378.3
321. 6
577. 5
456. 8
402.6
648.2
498.4
457.6
642.6
6,347
23,146
7,361
35, 429
7,125
24,351
5,920
34, 985
3,857
22, 111
6,097
35, 793
6,787
22,477
6,421
35, 406
5,561
20, 628
4,938
35, 796
4,432
20, 546
4, 514
34, 868
3,347
19, 705
4,208
34, 303
3,933
19, 532
4,000
33, 433
5,024
14, 916
9,640
32, 317
4,245
13,152
6,009
29, 630
4,824
13, 212
4, 830
26,050
7,346
14,147
6,411
23, 915
5,324
13, 355
6,106
22, 329
2,086
2,142
1,945
2,126
2,328
2, 779
2,295
2,785
2,558
1,714
1,437
1,398
1,688
211
685
43, 603 126,096
4,014
528
96,273
484 I 477
510
97, 529 110,377 103,672
2,733
514
94,109
495
74, 407
3 326
550
107, 859
304
55,114
264
67, 565
4,492
182
34,743
191
40, 932
198
25, 788
2,812
2,753
100
103
298
209
361
100
111
324
205
355
110
113
321
190
388
9
Metals
Prices, wholesale:
Aluminum, scrap, castings (N. Y.)
dol. per lb_.
Copper, electrolytic (N. Y.)
do
Lead, refined, pig, desilverized (N.Y.).do
Tin, Straits (N. Y.)___
do...-.
Zinc, prime, western (St. Louis)
do
Miscellaneous Products
Bearing metal (white-base antifriction), consumption and shipments, total (59 manufacturers)
thou3. of lb._
Consumed in own plantscf
do
Shiprnentscf
do
Sheots,brass,wholesale price, mill.dol. per lb..
R
MACHINERY AND APPARATUS
Blowers and fans, new orders..-thous. of dol_.
Electric overhead cranes: §
Orders, new
do
Orders, unfilled, end of month
do
Shipments
do
Foundry equipment:
New orders, net total
1937-39=100...
New equipment
do
Repairs
do
Fuel equipment and heating apparatus:
Oil burners:©
Orders, new, net
number..
Orders, unfilled, end of month
do
Shipments
_
do
Stocks, end of month
do
Mechanical stokers, sales: ^
Classes 1, 2, and 3
do....
Classes 4 and 5:
Number
Horsepower
Unit heaters, new orders
thous. of dol..
Warm-air furnaces, winter air-conditioning
systems, and equipment, new orders
thous. of dol..
Machine tools, shipments*
do
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..
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only), number*
thousands.
Electrical products:!
Insulating materials, sales billed .1936=100._
Motors and generators, new orders...do
Furnaces, electric, industrial, sales:
Unit
kilowatts..
Value
thous. of dol..
Laminated fiber products, shipments..-do...
Motors (1-200 hp):
Polyphase induction, billings
do
Polyphase induction, new orders
do
Direct current, billings
do
Direct current, new orders
do
r
10,644
9,672
385.7
322.2
610.1
2,181
2,701
41, 201 125, 445 118,024
3,313
113, 859 108, 736
20 598
14 974
13, 235
97, 541
87,805
4 864
85, 842
78, 302
71,851
4 687
60, 861
' 56, 363
r
50,127
3, 262
51. 907
35, 897
241
26, 726
28, 668
190
9,514
33,600
224
8,772
32, 739
182
11,183
31,139
280
11, 807
31, 657
161
[11,842
38,846
343
13, 597
31,185
443
13, 895
30, 553
364
16, 355
32, 591
482
20, 510
31, 404
288
21, 668
40,466
368
21, 422
32, G32
313
23, 046
33, 278
478
30, 463
3,912
6,043
6,115
6,091
4,697
5,609
12, 580
3,664
4,620
3,036
6,509
3,606
2,812
3,206
1,296
1,155
989
1,162
1,374
1,690
1,801
1,750
1,675
1,658
1,484
1,507
1,545
421
337
420
385
423
366
421
377
417
497
429
437
421
289
424
554
394
353
414
269
444
395
16,011
1, 055
5, 895
433
589
16, 265
1,197
5,813
8,114
8,608 i
5,708 J
6,298 i
411
438
14, 765
1,157
5,850
9,205
662.
5,742
10,788
1, 067
5,904
12, 647
961
6,103
14, 282
1,407
5,978
10, 596
781
6,057
22, 259
2,031
6,364
11,114
756
6,236
6,939
621
6,247
9,209
876
5,627
7, 685
662
6,066
9, 041
750
6,326
7,965
5,586
6,480
5,313
7,388
6,887
6,441
7,362
7,198
8,494
5,906
5,590
6,420
4,597
5,876
8,247
5,908
6,705
6,053
5,972
6,073
7,322
5,840
11, 506
6,128
8,016
6.323
7,880
5,790
4,638
6,358
4,968
7,151
9,405
8,862
12, 297
4,872
3,798
6,850
7,986
5, 539
4, 825
6,622
4, 324
6,434
5,732
8,101
4,834
Revised.
§Rcvisions in unfilled orders and shipments for April-July 1942 are available on request; data cover 8 companies beginning March 1943,
JOf the 99 manufacturers on the reporting list for Jan. 1 1942, 28 have discontinued shipments of these products for the duration of the war.
• Beginning 1944 data represent net shipments (total shipments less shipments to members of the industry for further conversion) instead of net production for sale outside the
industry, as formerly. For 1942 data, except for April, see the October 1942 and July 1943 Surveys; for April data sec March 1944 issue.
cfData are shown for 59 manufacturers; see March 1914 Survey for comparable data for 1942.
©Formerly designated "tin plate" but data included also terneplate.
ijOf the 101 firms on the reporting list in 1941, 20 have discontinued the manufacture of stokers; some manufacture stokers only occasionally. The manufacture of class 1 stokers
was discontinued Sept. 30, 1942, by order of the War Production Board; this accounts for the large reduction after that month in figures for classes 1, 2, and 3.
fRcvised series. Indexes for electrical products have been published on a revised basis beginning in the January 1943 Survey. The index for motors and generators has been
further revised to include an adjustment for cancellations beginning 1942 (similar adjustments cannot be made in the earlier data); for revised 1942 figures see p. S-31 of the April 1944
Survey. No adjustment has been made for renegotiation of contracts. Data back to 1934 are available on request.
©Sixty-nine of the manufacturers reporting in 1941 have discontinued shipments of oil burners for the duration of the war; data currently cover 85 manufacturers.
*New series. For 1940-41 data for machine tool shipments see p. S-30 of the November 1942 issue. The series on number of automotive replacement batteries shipped represents
estimated industry totals compiled by D u n & Bradstroet; it has been substituted for the indexes formerly shown; monthly data beginning 1937 will be published later.
SURVEY OF CURRENT BUSINESS
S-32
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
June 1944
1943
1944
April
March
April
May
June
July
1944
August
September
October
Novem- December
ber
January
February
March
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT—Continued
Rigid steel conduit and fittings, shipments
short tons.
Vulcanized fiber:
Consumption of fiber paper ._-thous. of lb_.
Shipments.
.thous. of doL.
4,181
1,218
9,463
10, 602
7,907
7,006
6,459
7,535
6,708
7,118
6,916
6,246
6,280
6,560
5,026
1,852
4,924
1,613
4,969
1,479
4,873
1,441
4,627
1,441
4,884
1,499
4,752
1,374
5,524
1,424
4,599
1, 368
4,700
1,384
4,442
1,384
4,505
1,290
PAPER AND PRINTING
WOOD PULP
Production.f
Total, all grades
Chemical:
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwood
Stocks, end of month:f
Total, all grades
Chemical:
Sulphate, total
Unbleached
Sulphite, total
Bleached
' Soda
Groundwood
short tons.
794,997
772,492
Y5»,b/b
733,205
714,176
774,503
745,080
778,698
766,778
726,574
762.665
738, 680
do...
do...
do__.
do...
do...
do...
366,702
303,655
214,145
138,853
36,770
155,029
355,132
292,781
212,372
137,837
35,058
148,655
367,420
302,938
214,966
141,515
35, 372
152,202
324,898
269,439
210,153
135,670
33, 971
143,804
335,027
275,266
194,513
125,398
33,145
132,937
373,346
308,792
204,666
132,240
35, 508
139,884
359,742
296,869
195,095
123,709
34, 287
134,441
371,017
308,109
208,073
131,972
35, 729
141,732
370,920
308,413
193,980
120,046
35,161
144,354
341,992
283.983
188,257
114,244
34, 075
141, 736
368,194
307. 475
192, 272
116,252
34, 800
144,372
352,187
292, 223
189, 018
117, 457
34, 000
137,153
do...
102,428
102,257
105,972
104,139
93, 605
86, 281
83,129
74,032
71,188
61, 384
71,247
75, 821
do...
do...
do.__
do...
do...
do...
21,071
17,190
28, 882
17,605
2, 858
46, 435
19,477
15, 633
26,192
16, 580
2, 628
51, C09
15, 916
11,513
28, 542
18, 796
2,825
55,915
13, 999
11,136
28, 045
17, 881
2,584
56, 828
15, 657
11,008
22, 002
12, 422
2, 765
28, 222
11,528
7,980
18, 255
10, 585
2,770
26, 678
11, 942
7,364
24,103
13,351
2,470
30, 943
12, 654
7, 988
24, 869
14, 362
3,270
33, 496
12,018
9,348
24, 214
14, 789
2, 641
52,181
12, 895
9,810
24, 064
14, 104
2,910
43, 734
15, 633
11,118
24, 825
14, 563
3,306
36, 639
13, 701
9,287
24, 302
14, 642
3,284
30, 380
PAPER
Total paper, incl. newsprint and paperboard:!
Production
short tons..
Paper, excl. newsprint and paperboard:
Orders, new
short tons..
Production
do
Shipments
do
Fine paper:t
Orders, new
do.
Orders, unfilled, end of month
do.
Production
do
Shipments
do
Stocks, end of month
do.
Printing 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.
Book paper:
Coated paper:
Orders, new., .percent of stand, capacity..
Production
...do
Shipments
do
Uncoated paper:
Orders, new
do
Price, wholesale, " B " grade, English finish, white, f. o. b. milL.dol. per 100 lb__
Production...percent of stand, capacity..
Shipments
.do.
Newsprint:
Canada:
Production
short tons. _
Shipments from mills
do
Stocks, at mills, end of month
do
United States:
Consumption by publishers
.do
Price, rolls (N. Y.)
dol. per short ton.
Production
shore tons..
Shipments from mills
_..
.do
Stocks, end of month:
At mills
do.
At publishers
..do.
In transit to publishers...
...do
Paperboard:
Orders, new
do_._
Orders, unfilled, end of month
do...
Production
^.do...
Percent of capacity
Waste paper, consumption and stocks:
Consumption
short tons..
Stocks at mills, end of month
do.
1,256,340 1,209,061 1,218,311 1,175,006 1,152,762 1,219,409 1,183,964 1,194,608 1,189,901 1,155,121 '], 150,067 1,130,450
556,454 • 505,794 494,134
514,726 • 460,612 484,343
524,452 • 5C0,318 502,070
500,315 • 468,955 • 478,082 483,518 • 480,984 • 475,270 472,226
477,031 • 472,656 502,316 482.120 • 491,876 ' 488,318 482,728
463,105 483,138 • 499,143 488^401 • 504,145 • 490,639 494,653
480,210 • 481,053
476,284 • 462.258
• 479,638 • 465,210
' 80, £83
' 87, 212
r 61, 633
' 63, 265
r
48, 809
-•71,363
' 93, 092
' 60, 634
' 02, 621
r
46, 304
'
•
r
r
r
70, 784
100,097
60, 605
63, 025
44, 609
r
67, 477
'•111,278
r 57, 4G2
r 59, 954
M l , 321
r 71, 773 r 57, 359 ' 53,160
121,824 • 117,411 109,217
' 57,192 --61,008 r 55, 273
r 58, 356 ' 61,045 ' 58,899
r 42, 024 ' 41, 823 ' 37, 619
' 62,189
' 106,206
' 58, 834
' 62, 692
' 34, 417
' 55. 273
• 102,586
' 57, 783
r
58, 808
' 33,873
r 51, 563
96, 961
' 53,978
r 55, 665
r31,738
180,520
134,961
172,595
169,802
74, 349
-163,223
" 133,971
"163,516
• 104,684
r
72, 805
•
•
•
•
156,430
130,000
159,678
161,620
70, 670
103,764
129,487
158.914
• 163,304
65, 562
• 160,160 • 158,351
• 127,923 125,979
•153,504 165, 707
• 158,556 163,327
r GO, 608 ' 58, 020
171,420
137,087
160,948
161, 782
62, 236
• 160,627
' 138,310
• 162, 804
• 165, 383
57, 614
147,662
128,889
160,681
161,008
57, 008
163, 760
132, 945
160,301
164,412
52, 934
156.589
130,860
156,329
157,746
51, 567
200, 667
171,848
182. 732
193, 247
95, 227
183, 845
174, 557
173, 524
179, 717
89, 322
183, 022
174, 858
180,155
183, 026
85, 731
179,104
184, 215
162,924
169,917
78,416
182, 252
188,325
175,192
178,641
76, 078
177,209
184,106
180,472
181,564
75, 883
167,771
178, 992
170, 932
172,871
75, 237
173,599
172,692
176, 403
180, 509
71,312
181,762
175, 643
179, 289
178, 855
70,086
171,914
168, 523
176, 224
179,679
63,605
177,547
163,254
178,934
178,174
56, 672
56.0
55.3
57.5
61.7
58.2
58.8
' 65.5
'60.0
'58.2
61.0
54.2
58.9
56.6
58.6
58.9
46.0
52.0
53.2
49.9
56.9
59.4
58.0
57.6
60.0
51.6
55.3
57.5
53.9
56.1
56.1
55.7
59.0
57.3
54.9
55.6
57.5
57.0
58.6
58.6
82.2
94.1
89.0
87.7
89.0
77.9
82.0
7.30
80.1
81.1
7.30
92.5
92.1
7.30
90.1
90.9
7.30
88.2
89.4
7.30
88.3
88.6
7.30
82.2
84.6
7.30
86.9
84.5
7.30
88.4
7.30
86.3
86.3
7.30
84.6
85.8
7.30
83.1
83.6
7.30
82.9
83.8
7.30
82.6
83.1
236, 353
256, 543
110, 964
246,855
248,469
108,325
229,573
243,813
' 94,085
254,046
257,756
90, 374
257,845
268,990
79, 229
262,323
284,216
57,336
259, 612
260, 792
56,156
251, 827
244, 593
63, 390
259, 336
261,594
61,133
256,336
260, 590
56,879
249, 693
241,175
65,397
242, 658
209, 599
98,456
240, 005
227, 387
111,074
201,136
58.00
54, 636
56,103
237,111
54.00
71,357
71, 824
243,281
54.00
68,001
70, 368
248,255
54.00
68,707
67,138
228,450
54.00
70, 274
71,944
212,260
54.00
67,883
68,083
217,054
54. 00
68,011
65,255
222,718
58.00
64, 328
63, 315
235, 511
58.00
63,470
63, 209
222, 343
58.00
66,465
67,490
218, 390
58.00
62, 207
64, 998
194, 690
58.00
60, 354
61,102
182,487
58. 00
53. 852
54, 033
8, 326
268, 648
46, 933
13, 446
377,790
53, 774
11, 079
361, 553
57,680
12,648
339, 299
58,820
10,978
347,350
62,197
10,778
13, 534
377, 487 384,089
44,009
63, 767
14,547
365, 260
53, 036
14,808
343,898
57, 666
13, 783
341,085
53,110
10, 992
318,168
48, 534
10, 244
303, 244
47, 359
10, 063
292, 289
45, 559
634, 593
601,880
626, i
96
723, 296
511,220
670, 257
94
686,179
525, 287
650,448
94
690, 364
545, 673
655,261
96
672, 371
580, 683
627, 761
94
644, 349
571, 705
612, 223
647, 413
579, 800
637,516
656, 506
587, 324
639,262
94
646,473
578, 434
635,118
93
625, 256
589,815
610,186
87
642, 386
597,011
613,429
90
650, 711
621. 875
614, 340
96
393, 634 i 389, 304 i 393,197 397,129 '373, 698 1395, 746 1382,686 i 373,884 '362,294 1352,150
341, 097 i 322, 678 i 291, 378 257, 578 1245,472 1204,724 1156, 000 1 124,800 1109, 824 1109, 055
360,602
113,199
375,794
i 122,534
r
76.5
662, 252
570, 859
649,082
77.6
' 57,386 ' 56, 046
100,465 ' 98, 611
' 54, 596 r 53, 434
' 55, 361 r 53, 494
' 32, 762 r 32, 093
• 153,133
131, 029
• 150,174
• 150,758
' 51, 501
180,
167,
176,
176.
56,
1
1
628
644
505
538
409
369,978
112,633
PRINTING
Book publication, total
New books
New editions
Sales books, new orders§
r
...no. of editions.
.do...
do
thous. of books.
721
588
133
538
130
20,604
693
565
128
18,625
701
147
21, 824
536
148
22, 804
720
567
153
22,269
512
421
91
20,037
476
129
18,731
827
703
124
17, £
731
628
103
21, 648
635
499
136
570
497
73
545
436
109
Revised.
§ Beginning'September 1942, 3 companies, formerly accounting for about 7 percent of the total, discontinued reporting; data temporarily discontinued
i Computed^by carrying forward the March 1943 figure on the basis of percentage changes in data for 59 identical companies reporting to the National*Paperboard Association,
fFor revisions in wood'pulp statistics for 1940-41 and the early months of 1942, see p. 30, table 8, of the June 1943 Survey. Data for fine paper have been revised beginning 1941 to
include bristols and revisions of the earlier data are in progress; comparatively small revisions have been made also in the data beginning 1941 for the paper totals and printing paper
and in the 1941 data for wrapping paper; all revisions will be published later.
S-33
SUKVEY OF CURRENT BUSINESS
June 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
April
1944
1943
March
April
June
May
July
August September
October
Novem- December
ber
January
February
March
PETROLEUM AND COAL PRODUCTS
COAL
Anthracite:
Prices, composite, chestnut:
Retail
dol. per short ton_.
Wholesale
do
Production
thous. of short tons.Stocks, end of month:
In producers' storage yards
do
In selected retail dealers' yards
number of days' s u p p l y . .
Bituminous:
Industrial consumption and retail deliveries,
total
thous. of short tons. _
Industrial consumption, total
do
Beehive coke ovens
do.....
Byproduct coke ovens
do
Cement mills
.do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
do....
Steel and rolling mills
do
Other industrial
do
Retail deliveries
do
Other consumption, coal mine fuel . . . d o
Prices, composite:
Retail (35 cities)
dol. per short t o n . .
Wholesale:
Mine run
.do
Prepared sizes.
do
Production!
thous. of short tons..
Stocks, industrial and retail dealers, end of
month, total
thous. of short t o n s . .
Industrial, total.
do
Byproduct coke ovens
do
Cement mills
do__._
Coal-gas retorts
..do
Electric power utilities
do
Railways (class I)
do
Steel apd rolling mills
..do
Other industrial
do
Retail dealers, total
.do
14. 04
11. 504
5,202
47, 419
37, 761
965
7,929
254
133
5,633
11, 204
879
10, 764
9, 658
231
13.13
10.811
5,824
13.14
10.811
5,309
13.15
10.887
5,192
13.14
10.866
3,227
13.11
10.866
5,668
13.11
10.866
5,624
13.11
10.866
5,445
13.12
10.866
5,331
13.22
10.959
4,118
13.89
11.409
4,970
13.92
11. 421
5,028
14.38
11.723
5,879
216
173
173
186
196
247
344
404
364
329
259
254
15
12
18
14
22
12
53,387
41,514
1,186
7,647
552
149
5,965
11,689
1,046
13,280
11,873
273
48,152
38,572
1,080
7,494
468
139
5,493
10, 761
937
12,200
9, 580
242
45,378
37,458
1,034
7,675
495
136
5,500
10,751
877
10,990
7,920
232
42, 771
35,271
662
7,185
475
126
6,025
9,853
824
10,121
7,500
168
44,841
37,161
973
7,491
501
128
6,482
10,196
854
10, 536
7,680
254
57, 724
43, 874
1, 119
7,868
420
144
7,491
11, 908
1,002
13,922
13, 850
255
55, 989
42, 610
1,069
8,022
311
144
7,251
12,054
1,020
12,739
13, 379
260
53.004
40, 347
1,011
7, 583
268
140
6, 690
11, 484
993
12,178
12, 657
255
16
47, 365
37, 696
1,126
7, 768
493
115
6,924
10,382
858
10,030
9, 669
250
49,122
37,780
1,123
7,609
460
116
6,969
10,488
865
10,150
11,342
251
51,048
40,466
1,153
7,707
456
124
7,319
11,153
942
11,612
10,582
236
49, 864
40,076
958
7, 325
421
134
6,864
11,091
963
12,320
9,788
211
14. 04
11.481
5, 576
r
318
•54,417
•41,709
r
1,046
8,124
264
' 142
' 6, 539
" 12, 043
1,020
12, 531
12, 708
253
10.24
9.82
9.86
9.99
9.98
10.01
10.02
10.02
10.03
10.03
10.15
10.19
10.22
10.22
5.248
5.497
49, 600
5.029
5. 241
56,114
5.042
5.284
49, 220
5.054
5.325
47,417
5.061
5. 331
34, 385
5.064
5.3-12
52, 207
5.064
5.342
52,432
5.050
5.337
52,214
5.064
5.337
49, 303
5.080
5.348
44,643
5.208
5.439
54,130
5.235
5.457
53,800
5. 240
5.455
52, 740
5. 242
5. 491
54; 330
50, 519
46, 880
5,937
475
193
14, 802
10, 249
758
14, 466
3, 639
77,292
70,412
9,851
817
361
19,204
12,149
1,120
26,910
6,880
78, 667
71,927
9,732
782
374
19, 703
13,175
1,161
27,000
6,740
79,525
72, 485
9,219
755
370
20,009
13,475
1,107
27, 550
7,040
74,075
67,225
7,143
659
352
18,821
11,965
991
27,294
6,850
75,570
68,610
6,819
644
350
18,700
12, 575
918
28,604
6,960
75, 276
68, 497
6,811
677
339
18, 882
13, 388
940
27,460
6,779
72, 866
67, 260
6,591
722
357
18, 722
13,511
940
26, 417
5,606
68, 791
63, 611
6, 657
702
333
17,715
12, 558
893
24,753
5,180
60,079
54,904
5,820
605
290
15,838
10,334
705
21,312
5,175
56, 686
51, 345
6,306
573
279
14, 747
9,493
702
19, 245
5,341
53, 628
48, 260
6,162
544
249
13, 871
9,245
753
17, 436
5,368
52, 720
47,169
6,383
479
229
13, 915
9,584
765
15, 814
5, 551
• 51.835
• 46' 884
6, 281
465
'208
13, 996
r
9, 893
765
15, 276
4,951
7. 000
6.500
6.500
6.500
6.500
6.500
6.500
6.500
6.500
6. 500
7.000
7.000
7.000
7.000
619
755
5,427
98
688
5,276
102
659
5,401
105
422
5,062
115
620
5,268
113
716
5,468
122
714
5,343
134
732
5,440
132
609
5,148
136
707
5,550
126
680
5,649
116
645
5, 345
138
' 668
' 5, 677
144
866
636
230
294
953
743
210
310
949
720
229
315
843
602
241
325
866
570
297
340
1,016
650
366
355
1,095
691
404
357
1,127
709
418
355
605
380
325
960
648
312
258
850
620
230
179
713
' 561
' 152
166
624
513
111
173
COKE
Price, beehive, Connellsville (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
P E T R O L E U M AND P R O D U C T S
Crude petroleum:
Consumption (runs to stills) f.thous. of bbl._
112,013 111,945 115,005 115, 984 120, 689 126, 908 126, 088 129,036 126,473 132, 056
131,161 126,993 137, 902
Price (Kansas-Okla.) at wells._dol. per b b L .
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
1.110
Productionf
thous. of bbl —
121, 560 119,000 123, 854 119,302 127,493 130,633 130,407 136,503 133,646 135,152 135,767 128,901 136,552
Refinery operations
pet. of c a p a c i t y . .
79
81
82
85
86
91
90
91
92
90
91
Stocks, end of month:
242,181 242, 934 243,880 240,601 238,346 236, 285 236,287 239,451 241, 648
Refinable in U. S.f
thous. of b b l . .
241, 762 241, 245 241, 718 236, 530
At refineries
do
48,223
48,160
46,426
47,639
47, 562
48,662
49,015
49,131
47, 933
48, 911
47, 686
49, 797
48, 678
At tank farms and in pipe lines.__do
182, 709 182,313 183,074 178, 942 177, 247 175, 215 174,163 176,831 178, 230 179, 258 179,979 180, 417 174,415
Onleasesf
do
13,046
12,982
13,244
12,997
12,876
13,605
12,910
12,993
13,368
13, 204
13,
580
13, 621
13, 826
H e a v y in California
do
10, 402
9,674
9,748
10,064
10, 279
8,716
10,009
8. 905
6,553
6,766
6,852
8,170
7,272
Wells completedt
number..
856
922
'701
767
720
796
827
957
912
884
1,056
958
922
Refined petroleum products:
Gas and fuel oils:
Consumption:
1,194
1, 493
2,884
1,043
1,092
1,160
1,305
1,465
1,648
Electric power plantst -thous. of bbl___
1,557
2,489
' 1, 915
' 1, 491
2,330
8,382
7, 861
7,802
7,704
8,571
7,784
7,700
Railways (class I)
do
8,120
7,628
7,976
8, 574
8,194
8,489
.066
.065
063
.063
.065
.065
.065
.065
Price, fuel oil (Pennsylvania).dol. per gal._
.065
.065
.066
.065
.066
.065
Production:
Gas oil and distillate fuel oil
17, 288
16.690
16,075
15, 261
16,073
19, 931
18, 210
20,549
18. 523
thous. of b b l . .
18, 454
19, 863
19, 344
19,370
32, 700
34,095
33, 732
33,510
37, 962
36,624
34,663
37,418
36, 610
Residual fuel oil
do
36, 493
39, 738
38, 519
36, 649
Stocks, end of m o n t h :
31,135
30,674
30,665
32,467
34, 324
36,931
44,857
41, 728
39, 681
33, 561
Gas oil and distillate fuel oil
do
29, 926
36, 890
44,806
57,280
57, 381
57, 757
55,879
54, 952
57,107
Residual fuel oil
.do
45,427
56,857
45, 070
57, 977
46, 270
53,046
Motor fuel:
Prices, gasoline:
.059
.060
.059
.059
.059
.060
.059
.059
.060
.060
.060
Wholesale, refinery (Okla.)-dol. per gal_.
.060
.060
.060
.161
.161
.161
.161
.161
.161
.161
.161
.161
.161
.161
Wholesale, tank wagon ( N . Y.) ..do
.161
.161
.161
.145
.146
.145
.145
.146
.146
.146
.146
.146
.146
.146
Retail, service stations 50 cities.._do
.146
.146
.146
46,653
46,025
48,482
49, 230
51,044
54, 031
56,816
55, 692
54,847
Production, totaljf
thous. of bbl_.
57,197
59.
350
56,
288
58, 383
16, 797
15, 290
16, 777
18,063
17, 927
19, 378
19, 723
19,334
20, 557
Straight run gasolinet
do
20, 084
19,857
20', 353
20,679
23, 297
24, 264
25,037
24, 763
26,433
27,940
30,099
29,551
Cracked gasoline
do
27,477
30, 255
29,888
30,896
31,905
7, 557
7,371
7,490
7,252
8,034
7,487
7,601
N a t u r a l gasolinett
do
7,702
7,887
7,
7,765
8,021
8, 250
4,907
4,986
5,089
5,197
5,161
5,493
5,564
N a t u r a l gasoline blendedf
-do
5,613
5,166
4,624
5,072
5,382
r
Revised.
% Figures for the production of natural gasoline include total sales of liquefied petroleum gas as follows (thous. of barrels): 1943—March, 889; April, 755; M a y , 677* June 711; July,
695; August, 774; September, 756; October, 876; November, 932; December, 981; 1944—January, 1,037; February, 1,079; March, 998; these data are not included in t h e total for motor
t Revised series. Production of bituminous coal revised beginning J u n e 1939; see note marked "f" on p . S-32 of the April 1943 Survey. D a t a for the indicated series of petroleum
products revised for 1941 and 1942; for 1941 revisions, see notes marked "f" on p . S-33 of the March and April 1943 issues. Revised 1942 m o n t h l y averages: Crude petroleum—Consumption, 111,175; production, 115,554; stocks, refinable in U. S., 248,477; on leases, 13,116. Gas and fuel oil consumption in electric power plants, 1,273. Motor fuel, production—Total,
1/3
in
iU1
50,742; straight-run gasoline, 19,454; cracked gasoline, 24,744; natural gasoline, 7.143; natural gasoline blended,, 4,7
" ° monthly
"~:
*• shown
~"
^- - December
^
*- *1943
" ' " Survey
4,716. 1942
revisions
not
in the
are available
on request.
S-34
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1944
April
June 1944
1943
March
April
May
June
July
1944
August
September
October
Novem- December
ber
January
Febru- March
ary
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Con.
Refined petroleum products—Con.
Motor fuel—Continued.
Retail distribution!
mil. of g a l Stocks, gasoline, end of month:
Finished gasoline, total...thous. of bbl._
At refineries
do_l _.
Unfinished gasoline
do
Natural gasoline
do
Kerosene:
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gal—
Production
thous. of bbl—
Stocks, refinery, end of month
do
Lubricants:
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gal—
Production
thous. of bbl—
Stocks, refinery, end of month
do
Asphalt:
Production
short tons..
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb._
Stocks, refinery, end of month
do
Asphalt prepared roofing, shipments:
Total
thous. of squares..
Grit surfaced
do
Ready roofing
do
Shingles, all types
do
.074
.160
1
1
1,660
1,743
1,845
1,924
1,978
1,970
1,921
2,013
1,942
1,888
84,077
62, 987
10,037
5,462
78,653
58, 312
10,923
5,425
73,137
51,393
10, 750
5,407
67,345
45,869
10,285
5,179
62,791
42,860
10,358
5,028
60, 664
40, 503
10, 395
4,893
59,186
39,813
10, 033
4,723
59,100
39,495
9,545
4,465
59, 854
40, 231
9,697
4,645
64, 964
44,122
10, 363
4,541
70, 490
49, 768
10, 819
4,296
74, 009
52, 925
10, 743
4,245
.066
6,326
3,158
.069
6,299
3, 513
6,511
4,478
.070
6,060
5,678
.070
5,769
5,939
.070
5,394
6,293
.070
5,817
6,558
.070
5,977
6,856
.070
6,138
6,223
.070
6,525
5,472
.070
7, 071
5,231
6, 413
.160
3,184
9,689
.160
3,107
9,474
.160
3,281
9,155
.160
3,162
8,695
.160
3,257
8,412
.160
3,296
8,170
.160
3,236
7,831
.160
3,635
7,712
.160
3,589
7,770
.160
3,217
7,781
.160
3,379
8,006
.160
3,158
7,942
483,100
671,700
521,800
704,000
583,100
745,600
65,240
83,440
66,920
84,280
63,840
85,680
3,411
1,221
1,429
762
3,673
1,294
1,347
1,032
3,695
1,270
1,331
1,093
039,300 674,000
715, 300 641,800
60, 4S0
81,480
4,149
1,364
1,528
1,257
59,920
76,720
4,417
1,406
1,561
1,450
1, 761
1, 753
.073
4,382
694, 500 662, 500 652,400 554,000 465, 500 422, 900 398, 200
562,000 469, 300 445, 500 464, 500 563, 300 631, 300 717, 900
61,320
73, 640
4,505
1.427
1,519
1, 559
62,160
77, 560
4,450
1,3-13
1,526
1,581
67, 200
81, 480
2
2
2
2
4, 739
1,449
1, 595
1, 695
68,600
81,200
67, 200
82,040
2
2
2
2
2
71,120
80, 640
65, 800
80, 080
2
4, 397
4,173
3,962 2 r 4, 144 I
1,334 2 1, 261 2 1,231 2 1, 256 |
1, 558 2 1, 572 2 1,440 " 1,637
1, 504 2 1 , 339 2 1, 290 ! 2 r it 249
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth:
145,123 138,181 123,081 157,290 142, 508 134,130 126,559 129.994 124, 976
Shipments
reams. 144,198 150,497 153,6
129,751; 134,908
PORTLAND CEMENT
9,280
12, 384
11,895
11,392
11,239
6,322
11,880
11,673
8,318
11,189
6,463
Production
thous. of bbl.
11,380
5,686
46
59
58
54
55
56
£6
40
30
53
32
Percent of capacity
56
29
12, 702 12,411
8,444
12, 757
12,075
12, 587 12, 296 11,288
5,603
7,373
Shipments
thous. of bbl—
10,107
5,047
5,055
22, 579
21,542
20, 620 19,703
19, 583 20,419 " 23,159 24,428
24, 085
22,891
22,067
24,111
Stocks, finished, end of month
do
25, 073
5,312
5,233
4,755
6,601
5,574
5,455
5,568
5,688
5.959
4,926
5,253
Stocks, clinker, end of month
.do
6,603
6,329
CLAY PRODUCTS
Common brick, price, wholesale, composite,
13. 384
13.279
13. 434 13.431
13. 423 13. 415 13. 431 13. 79
13.717
f. o. b. plant
dol. per thous.__
13.260
13.815
13.743
GLASS PRODUCTS
Glass containers: t
7,722
8,212
7,874
8, 582
7,646
8,656
8,371
7,870
7,745
7,674
Production
thous. of gross..
7, 757
8,203
7,771
116.8
131.5
127.9
111.5
129.1
124.5
117.5
Percent of capacity
119.1
117.6
120.9
115.9
117.7
126.7
8,224
8, 393
8, 236
8,472
8,358
7,979
7,794
8,032
7,712
8,529
Shipments, total
thous. of gross..
7,695
8,112
7, 538
594
Narrow neck, food
do
501
662
518
783
546
500
570
756
550
843
603
546
2,164
2,644
2,198
2,290
1,981
2,402
Wide mouth, food
do
2,236
2,285
2,429
2,137
2,277
2,469
2,227
553
562
478
386
584
609
400
720
448
407
449
385
Pressure and nonpressure
do
497
541
859
788
618
826
573
421
935
959
589
616
712
Beer bottles
do
419
773
811
753
710
634
841
612
731
800
725
797
699
631
Liquor ware
do
1,837
1,894
1,911
1,880
2,153
1, 962
1,982
2,229
1,995
2,054
Medicine and toilet
do
1,890
1,830
1,801
735
685
715
696
698
644
697
687
797
General purpose
do
696
626
593
692
211
256
225
265
266
304
275
263
242
Milk bottles
do_._.
263
205
286
243
448
455
523
526
95
227
531
65
190
Home canning
do
502
396
591
278
6,631
5,894
4,882
4,793
5,022
4,392
4,902
Stocks, end of month
do
4,845
4,605
4,319
4,882
4, 426
5,583
Other glassware, machine-made:
Tumblers:
4,878
5, 512
4,284
4,227
5,181
4,400
4,929
5.090
5,298
4,519
4,550
4,800
Production..
thous. of doz_4,728
4,445
4,854
4,500
5,338
4,936
4,597
4,775
5,846
5,136
3,996
4,171
Shipments
...do
4,924
4,835
6,745
6,679
7,603
6,544
6,467
6,870
6,181
6,304
6,233
6,793
6,953
6,179
6,160
Stocks
do
Table, kitchen, and householdware, ship3,622
1,933
2,021
2,005
3,402
2,692
2,365
1,525
1,522
4,760
2,996
ments
thous. of doz_2,237
2,168
Plate glass, polished, production ^
7,349
6,994
5,488
6,746
7,789
7,746
5,237
5,855
5,898
6,416
7,313
thous. of sq. ft.. 8,079
7,980
1,005
1,296
1,249
942
1,096
Window glass, pro duct ion cf—thous. of boxes..
1,079
61.9
79.8
67.5
Percent of capacityd*
58.1
66.5
GYPSUM AND PRODUCTS
Gypsum, production:
990,021
855,028
Crude
...short tons..
1,017,131
1,056,379
653, 532
Calcined
do
546, 388
675, 307
688, 592
Gypsum products sold or used:
Uncalcined
do
275, 250
337,936
326, 458
313,076
Calcined:
For building uses:
104, 262
Base-coat plasters
_..do
143,148
126,198
154,076
1,959
1,885
Keene's cement
do
2,081
2,094
60, 310
All other building plasters
do
62, 627
60,105
49,725
115, 407
Lath
thous. of sq. ft—
144, 658
187,458
183,090
3,161
2,982
Tile
do
2,796
2,698
372,440
414,173
434,413
457, 576
Wallboarde...
do....
36, 252
43,331
Industrial plasters
_
short tons..
39, 769
44,124
r
Revised.
* Excludes Oklahoma.
§ For revisions for 1941, see p. S-33 of the August 1943 Survey.
' Coverage of reports changed beginning September 1943. Data shown above are computed on percentage changes as indicated by new data.
1 According to the compilers, data represent approximately the entire industry.
& Collection of data temporarily discontinued. Production is partly estimated.
© Beginning September 1942 includes laminated board reported as component board; this is a new product- not produced prior to that month.
t Data for glass containers beginning 1944 are currently reported by 39 companies believed by the compiling agency to account for the entire production of regular type containers.
Production and shipments by months for 1943 and annual totals for 1940-42 have been revised to a comparable basis. For revised data for all months of 1943, see p. S-34 of the May
1944 Survey; revised 1940-42 monthly averages for the series affected: Production—1940, 4,539; 1941, 5,901; 1942, 6,599; shipments, total—1940, 4,374; 1941, 5,784; 1942, 6,640; wide mouth
including pressed ware—1940, 916; 1941, 1,185; 1942, 1,615; milk bottles—1940, 205; 1941, 271; 1942, 276; home camming—1940, 60; 1941,107; 1942,168. Corresponding revisions have not
been made in the monthly figures for 1940-42, or in stocks for 1940-43 but stock totals shown in the Survey would not be materially affected.
SURVEY OF CURRENT BUSINESS
Jun? 1944
Monthly statistics through December
1941, together with explanatory notes
and references to the sources of the
data, may be found in the 1942 Supplement to the Survey
1944
S-35
1944
1943
April
March
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
_ do...
Stocks, end of month
do...
11, 650
13,761
17, 460
13,442
14,534
18,715
12,618
13, 355
18,037
12,211
12, 316
17,992
12,966
13,033
17,984
11,527
11,386
18, 045
12, 267
12, 714
17,563
12,564
12, 879
17,190
12, 375
12, 561
16,898
12,310
12,493
16,652
12, 560
11,723
17,419
12, 301
12,075
17, 645
12, 202
12, 144
17, 702
13, 458
13, 590
17, 570
902, 301
.201
918, 433
.200
839,868
.196
842, 260
.198
872,109
.202
846, 209
.203
858,813
.194
852,016
.199.
819, 489
.202
811, 274
.199
902,102
.200
.211
.211
.209
.205
.204
.203
.197
.197
.202
.208
107
1, 785 |
5 ,757
9,061
10, 560
10,775
10, 938
COTTON
Cotton (exclusive oflinters):
Consum ption
bales. 76, 007 997, 422 939,178
Prices received by farmerst
dol. per lb_.
.199
.201
.202
Prices, wholesale, middling lhA$" average,
.212
.212
10 markets
dol. per lb_. .210
Production:
1
12, 438
G innings §
thous. of running bales_.
Crop estimate, equivalent 500-lb. bales
* 12, 820
thous. of bales..
Stocks, domestic cotton in the United States,
end of month:!
11,432
10, 569
Warehouses
thous. of bales.. 10, 210
2,165
2, 347
Mills.
do
2,408
Cotton linters:
105
111
109
Consumption..
do
56
99
63
Production
.
do
745
843
Stocks, end of month
do
.211
2 11,128
2
11, 428
9,636
2, 252
8. 521
2,156
7,648
2,056
7,999
1,876
10, 402
1,881
12,226
2,158
12,896
2,343
12,609
2,355
12,051
2,325
11, 4G6
2,293
10, 836
% 233
44
798
97
29
733
107
20
658
40
613
111
150
660
117
186
708
110
185
749
108
167
864
99
138
858
107
99
843
116
83
835
19.69
.192
8.087
«. 108
19.69
.192
8.087
M08
19.94
.192
».O87
8.108
20.34
.192
3.087
«. 108
20.37
.192
3 .087
«. 108
20.47
.192
S
.C87
K 108
21.12
.192
*.O87
s.108
21.09
.192
.087
».108
20.57
.192
3.087
5.108
19.98
.192
.087
5.108
19.72
.192
3.087
(0
19.62
.192
».O87
*.1O8
22, 925
11, 648
495
134.4
22,895
10,928
465
133.2
22, 777
10,577
451
134.1
22, 769
10,714
458
130.0
22, 667
9,888
423
120.0
22, 633
10,091
431
122.5
22, 631
10, 325
442
127.5
22,599
10,070
432
129.5
22, 623
10,179
436
125.3
22, 596
9,905
424
115.3
22. 218
9,724
417
124.0
22, 513
9,066
414
123. 3
22, 568
10, 467
449
122.0
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
42.8
14.0
41.5
13.2
41.8
12.9
39.6
13.3
40.0
13.2
41.4
13.8
40.2
14.0
43.9
13.9
42.9
13.9
43.2
14.5
41.5
13.9
43.3
13.6
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
.250
.550
2.8
6.6
2.3
6.7
2.8
6.5
2.9
6.4
3.2
6.5
3.5
7.8
2.8
7.6
2.5
7.2
2.6
6.1
1.8
7.6
2.1
7.5
2.1
'8.1
1.7
COTTON MANUFACTURES
Cotton cloth:
Prices, wholesale:
19.78
Mill margins..
cents per lb_.
.199
Denims, 28-inch
dol. p e r y d . .
s.087
Print cloth, 64x60
do
5 .108
Sheeting, unbleached, 4 x 4
do
Spindle activity:
Active spindles
thousands.. 22, 412
9, 316
Active spindle hours, total
mil. of hr._
400
Average per spindle in place
hours..
124. 9
0perations
percent of capacity.
Cotton yarn, wholesale prices:
Southern, 22/1, cones, carded, white, for knit.414
ting (mill)t
dol.perlb..
.515
Southern, 40s, single, carded (mill)...do
RAYON
Consumption:
43.7
Yarn
..mil. of lb__
11.3
Staple
fiber
do
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, mini.550
mum
filament
dol. per lb_.
Staple fiber, viscose, 13^ denier..do
Stocks, producers', end of month:
7.9
Yarn.,.
mil. of lb__
Staple
fiber
do
1.8
19.60
.192
.090
3
3
WOOL
Consumption (scoured basis) \\
46,216
50,280
47,328
43,056
51,165
46, 228 ' 46,908
Apparel class
thous. of lb__
58,980
48,832
54,800
59, 095
54,275
42,784
2,456
2,972
2,182
3,016
Carpet class
do
3,345
3,128
3,610
2,400
2,180
4,310
3,370
2,820
2,052
Machinery activity (weekly average) :^
Looms:
Woolen and worsted:*
2,554
2,615
2,415
2, 455
2,587
' 2, 647
2,809
Broad
thous. of active hours.
2,721
2,716
2,607
2,580
2,491
2,439
66
64
69
Narrow
_
do
59
55
62
63
61
68
65
70
73
77
Carpet and rug: •
55
60
61
58
54
53
67
60
48
50
Broad
_
do
60
53
56
31
35
35
40
37
37
36
'38
41
40
35
Narrow
do
35
Spinning spindles:
125,674 125, 512 123, 226
134,890 129, 049 130,201 127,186
115,836 126, 341 120, 844 122, 715 119,753 115,259
Woolen
do
108,794
106, 548 115,154 108, 213 106,909 115,020 '•114,099 114, 147
118, 835 114,009 118,047 113,716
105,100
Worsted
__do
206
206
210
209
203
207
219
197
Worsted combs
do
218
226
219
203
219
Prices, wholesale:
1.205
1.205
1.205
1.205
1.205
1.205
Raw, territory, fine, scoured
dol. p e r l b . .
1.205
1.205
1.205
(4)
(4)
(4)
.545
.545
.535
.543
.544
Raw, Ohio and Penn.,
fleeces
do
.535
.545
.545
(4)
(4)
(4)
Australian (Sydney), 64-70sr scoured, in
.765
.765
.765
.765
.765
.765
.765
.765
.765
.765
.765
.765
.765
bond (Boston)
...".dol. per lb_.
.765
Women's dress goods, French serge, 54" (at
1.559
1.559
1.559
1.559
1.559
1.559
1.559
1.559
1.559
1.559
mill)
dol. per yd._
1.559
1.559
Worsted yarn, 9^2's, crossbred stock
1.800
1.800
1.800
1.800
1.800
1.800
(Boston)
...dol. per lb_.
1.800
1.800
1.800
1.800
1.800
1.800
1.800
1.800
r
l
3
"Revised.
Total6 ginnings of 1942 crop.
2 Total ginnings of 1943 crop.
Price of 64 x 56 print cloth; 64 x 60 cloth was quoted at $0,090 through June 1943.
* No quotation.
Price of 56 x 56 sheeting.
§Total ginnings to end of month indicated.
t For revised figures for cotton stocks for August 1941-March 1942, see p. S-34 of the May 1943 Survey. The total stocks of American cotton in the United States on July 31,
1942, including stocks on farms and in transit, was 10,505,000 bales and on July 31, 1943, 10,569,000 bales; stocks of foreign cotton in the United States on these dates totaled 135,000
bales and 88,000 bales, respectively.
1 Data for April, July, October, and December 1943 and March 1944 are for 5 weeks; other months, 4 weeks.
• Data exclude carpet and rug looms operating on blankets and cotton fabrics and, through October 1943, woolen and worsted looms operating entirely on cotton yarns (no separate data for the latter have been collected since October 1943); total weekly average machinery activity for 1942 and 1943, including such looms, is as follows (broad and narrow combined): Woolen and worsted—1942, 2,813; 1943, 2,730; carpet and rug—1942, 278; 1943, 289.
fRevised series. For monthly 1941 data for the yarn price series see p. S-35 of the November 1942 issue (1941 monthly average, $0,355). The farm price series has been revised
for August 1937-tfuly 1942 as follows: 1937—Aug., .106; Sept., .090; Oct. .083; Nov., .082; Dec, .080; monthly average, entire year, . 088; 1938—Feb., .078; Mar., .079; Apr., .081; May,
.081; June, .083; July, .086; Aug., .080; Sept., .083; Oct., .088; Nov., .087; Dec, .086; year, average, .084. 1939—Jan., .087; Feb., .086; Mar., .084; Apr., .085; May, .086; July, .089; Aug.,
.099; Sept., .093; Oct., .086; Nov., .087 D e c , .094; year, average, .090. 1940—Feb. 101; Mar., 102; June, .100; July .116; Aug., .091; Sept., .093; Dec, .094; year, average, .094. 1941—Jan.,
.094; Feb., .097; Mar., .096; Apr., .101; May, .115; June, .127; Aug., .155; Sept., .177; Oct., .167; Nov., .159; D e c , .164; year, average, .144. 1942—Jan., .178; Feb., 183; Mar., .180; Apr.,
,188; May, .188; June, .179; July, .184.
NOTE FOK WHOLESALE PRICES OF SOUTHERN PINE.
Revisions not shown on p . S-29 are as follows:—Boards, No. 2 common 1" x 6" and 8".
1942—Aug.-Oct., 28.618; Nov., 29.944;
D e c , 30.430. 1943—Jan., 30.495; Feb., 32.220; monthly average, entire year, 34.729, Flooring, B. and better, F . G., 1" x 4": 1942—Aug.-Oct., 51.431; Nov., 51.577; Dec, 51.625. 1943—
Jan .-Feb., 51.625; monthly average, entire year, 51.482.
S-36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December
1941, together with explanatory notes
1944
data, may be found in the 1942 Supplement to the Survey
April
June 1944
1944
1943
March
April
May
July
June
August
September
October
November
December
January
February
March
TEXTILE PRODUCTS—Continued
WOOL—Continued
Stocks, scoured basis, end of quarter:!
Total
thous. of lb__
Wool finer than 40s total
do
Domestic
do
Foreign
do
Wool 40^ and below and carpet
do
194, 066
136, 752
59, 332
77 420
57, 314
279, 263
231,537
115, 225
116,312
47, 726
289, 058
246, 819
127, 007
119,812
42, 239
320, 223
278, 407
134,345
144, 062
41,816
296, 514
251,717
138,459
113, 258
44, 797
MISCELLANEOUS PRODUCTS
Fur, sales b y dealers
thous. of dol__
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of m o . . t h o u s . lin. y d _ .
Pyroxylin spread
thous. of lb__
S h i p m e n t s , billed
thous. linear y d . .
12,516
4,866
5,735
8,663
6,C04
4,938
5,712
3,786
3,637
2,826
2,230
3,245
«• 5,189
'7,376
r 5, 830
9,231
3,783
4,766
8,760
3, 803
4,678
9,761
4,016
4,760
10, 226
4,220
5,330
10, 234
4,159
4,672
9,605
4,193
5,090
11, 429
4,435
5,194
10,688
4, 658
5,346
10, 551
4,585
5,897
11, 883
4,533
5,398
12, 285
4,716
5,919
11, 816
4. 456
5, 545
12,156
5, 277
6,32S
TRANSPORTATION EQUIPMENT
AUTOMOBILES
Indexes of retail financing:
Passenger car financing, volume:!
Total
Jan 1942—100
New cars
do
Used cars
do
Retail automobile receivables outstanding,
end of month
Dec. 31, 1939 = 100
Automobile rims, production..thous. of rims..
39
8
47
36
30
37
41
39
41
39
36
40
40
28
42
37
23
41
40
22
44
38
14
44
33
13
38
32
10
38
32
8
38
28
10
33
32
8
38
3S
9
47
13
1675
22
638
20
653
18
683
16
634
15
648
15
686
14
732
14
746
14
869
13
769
13
!752
13
i 829
13
1862
5,584
1,469
0
0
8,045
1,641
6
0
8,009
1,034
0
0
7,837
1,420
0
0
7, 752
2,382
0
0
6,843
2,995
0
0
6,105
3,599
3
0
3,953
3,068
62
53
3,681
2,282
288
288
3,504
1,964
331
331
4,100
2,425
351
351
5, 361
2,092
445
445
7,96$
1 99t
16C
16C
1,741
1,740
1,740
1,741
1,742
1,744
1,747
1,749
1,750
1,750
1,752
1,752
1, 753
44
2.6
20, 712
17, 393
3,319
47
2.8
19, 397
16,162
3,235
48
2.8
33, 537
28, 227
5,310
49
2.9
31, 744
27,011
4,733
50
2.9
27, 795
23,577
4,218
49
2.8
28,133
22,975
5,158
48
2.8
27, 696
21,410
6,286
45
2.6
32,892
21,876
11,016
43
2.5
35,053
23,176
11,877
42
2,5
34, 537
22, 654
11, 883
42
2.4
32, 211
20, 780
11,431
43
2.5
31, 844
20, 669
11,175
43
2. f
35, 581
24, 241
11,34C
2,081
5.3
416
312
104
2,082
5.3
394
305
89
2,052
5.2
418
340
78
2,051
5.2
506
391
115
2,014
5.1
485
385
100
2,105
5.3
461
371
90
2,070
5.3
468
387
81
2,079
5.3
426
352
74
2,109
5.3
387
323
64
1,977
5.0
339
285
54
2,137
5 4
303
252
51
2,127
5 4
264
218
46
2,092
53
243
204
39
'439
'429
10
410
384
26
353
342
11
378
362
16
299
296
3
352
346
6
369
361
8
375
368
7
374
341
33
431
378
53
356
321
35
399
360
39
494
RAILWAY EQUIPMENT
American Railway Car Institute:
Shipments:
7,316
Freight cars, total
..number
713
Domestic
do
16
Passenger cars, total
do
16
Domestic
do
Association of American Railroads:
Freight cars, end of month:
1,754
Number owned
thousands
Undergoing or awaiting classified repairs
48
thousands. _
Percent of total on line
2.8
Orders, unfilled
cars._ 43, 321
32, 677
Equipment manufacturers
do_
10, 644
Railroad shops
do
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
2,167
number..
5.5
Percent of total on line
228
Orders unfilled
..number
191
Equipment manufacturers
do
Railroad shops
do
37
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total
Domestic
Exports
~
. _ . _ -
number
do
_
_
do
45C
44
CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined index!
.1935-39=100
Industrial production, combined index!
1935-39=100..
Construction!
do
Electric power
do
Manufacturing!
do
Forestry!
do
Mining}.
._
do
Distribution, combined indexf
do
Agricultural marketings, adjusted:!
Combined index
do .
Grain
do
Livestock
do
Commodity prices:
Cost of living
_
do
Wholesale prices
1926=100..
Railways:
Carloadings
thous- of cars
Revenue freight carried 1-mile ..mil. of tons.
Passengers carried 1 mile
mil. of pass..
119.1
102.9
231.7
236.9
231.8
232.4
236.3
241.0
236.7
239.5
242.9
248.8
247.0
241.6
247 8
269.1
90.8
146.5
294.1
124.4
245.3
154.3
274.4
83.7
153.0
296.7
116.0
248.0
159.2
267.8
91.3
161. 2
286.5
118.5
254. 7
157.2
267.2
73.6
161.6
285.6
132.2
245.4
160.5
270.2
69.5
167.3
284.8
126.6
253.3
166.1
276.8
84.9
163.7
290.8
127.2
254.3
166.9
280.9
77.5
160.5
299.2
127.2
243.3
154.0
283.3
82.5
151.3
304.1
114.2
240.1
148.8
282.5
70.4
149.4
306.9
126.4
232.2
158.7
282. 0
107.6
153.5
308.4
131.5
244.8
180.3
275.4
69.6
156.3
303 5
114.2
249.7
188.0
279.5
113.3
153 8
304 5
124.6
255. 5
163.1
282 7
201.8
154 7
300 5
125 3
262.6
175.4
108.8
108.4
110.7
224.9
256.7
86.6
252.7
290.4
88.9
258.3
293.0
107.6
295.2
339.3
104.0
120.5
123.4
108.1
53.4
45.3
88.7
51.0
44.6
78.5
110.5
105.6
131.8
167.7
180.8
110.7
245.5
277.3
107.4
237.2
257 3
149.9
220.3
244 2
116 4
117.2
98.6
117.6
99.0
118.1
99.3
118.5
99.6
118.8
100.1
119.2
100.4
119.4
101.1
119.3
101.9
119.4
102.4
119.3
102.5
119.0
102.5
118.9
102.7
119.0
103.0
286
5,083
481
280
5,167
519
284
5,460
508
298
5,611
564
293
5,515
657
302
5,659
662
303
5,670
573
315
5,815
543
319
5,868
489
288
5,366
679
281
5, 349
481
5,024
449
312
' Revised.
i Excludes military rim production.
!Revised series. Wool stocks are compiled on a revised basis beginning 1942 and cover all known stocks of wool in commercial channels, including stocks in the hands of country
dealers and in country warehouses; figures exclude stocks afloat which are no longer available for publication. Stocks of foreign wool held by the Defense Supplies Corporation are
not included. For reference to approximately comparable 1941 data, except for exclusion of country dealer and warehouse stocks, see note marked "f on p. S-35 of the May 1943
Survey. The indexes of retail automobile financing shown above on a January 1942 base may be linked to the indexes on a 1939 base shown in the 1942 Supplement by applying the
current series to the January 1942 index on a 1939 base given in footnote 5 to p. 170 of the 1942 Supplement. The revision of the Canadian index of physical volume of business is
due mainly to changes in the weighting and in the list of components, so as to present a picture of the expansion in industries engaged in war production. Revised data were first
shown on p. S-36 of the December 1942 Survey; subsequently the construction index was further revised in the March 1943 Survey and the mining index was revised in the April
1944 issue. The revisions affected principally indexes for the period beginning January 1940; the agricultural marketings index and the distribution index were revised back to 1919
and minor revisions were also made in data prior to 1940 for other scries. All series are available on request.
U. S . G O V E R N M E N T P R I N T I N G O F F I C E : 1 9 4 4
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S36
CLASSIFICATION BY SECTIONS
Monthly business statistics:
Page
S-l
Business indexes
Commodity prices
S-3
S-4
Construction and real estate
S-6
Domestic trade
Employment conditions and wages. S - 9
Finance
S-15
Foreign trade
S-21
Transportation and communications- S-21
Statistics on individual industries:
Chemicals and allied products
S-23
Electric power and gas
S-24
Foodstuffs and tobacco
S-25
Leather and products
S-28
Lumber and manufactures
S-29
Metals and manufactures:
Iron and steel
S-30
Nonferrous metals and products- S-31
Machinery and apparatus
S-31
Paper and printing
S-32
Petroleum and coal products
S-33
Stone, clay, and glass products
S-34
Textile products
S-3 5
Transportation equipment
S-36
Canadian statistics
S-36
CLASSIFICATION BY INDIVIDUAL SERIES
Pages marked S
Abrasive paper and cloth (coated)
34
Advertising
6
Agricultural income, marketings
1
Agricultural wages, loans
14,15
Air mail and air-iine operations
7, 22
Aircraft
11, 13, 14
Alcohol, methyl
_
23
Alcoholic beverages
„ 1, 2, 25
Aluminum
31
Animal fats, greases
23
Anthracite
2,3,10, 11, 13,14,33
Apparel, wearing.
3, 6, 7, 9,10,11,12,13,14, 35
Asphalt
34
Automobiles— 1, 2, 3, 6, 7, 9,10,11,12,13,14,18,36
Banking
15, 16
Barley
__« 26
Bearing metal
31
Beef and veal
27
Beverages, alcoholic
1,2,25
Bituminous coal
2, 3,10,11,13,14, 33
Boilers
30
Bonds, issues, prices, sales, yields
20
Book publication
32
Brass and copper products
31
Brick
4,34
Brokers' loans
15, 20
Building contracts awarded
4,5
Building costs
5,6
Building construction (See Construction).
Building materials, prices, retail trade
4, 7
Butter
25
California, employment, pay rolls, and wages 10,12, 14
Canadian statistics
17,36
Candy
28
Capital
flotations
19
For productive uses
19
Carloadings
22
Cattle and calves
_
27
Cement
_
1, 2,4,34
Cereals and bakery products
3
Chain-store sales
7,8
Cheese
-_
25
Chemicals- 1, 2, 3, 4, 9, 10, 11, 12, 13, 14, 16, 18, 23, 24
Cigars and cigarettes
28
Civil-service employees
11
Clay products (see also Stone, clay, etc.)
1, 2, 34
Clothing
3, 4, 6, 7, 9, 10, 11, 12,13, 14, 35
Coal_
2,3, 10, 11,12, 14,33
Coffee
28
Coke
....
2,33
Commercial failures
16, 17
Construction:
Construction estimates
4,5
Contracts awarded
4, 5
Costs
—.
5,6
Highway
4, 5,11
Wage rates, earnings, hours
11,14
Consumer credit
16
Consumer expenditures
7
Copper
31
Copra, or coconut oil
23, 24
Corn
26
Cost-of-living index
3,4
Cotton, raw, and manufactures
2,
3, 9,10,12,13,14, 35
Cottonseed, cake and meal, oil
24
Crops
___
1, 24, 26, 27, 28
Currency in circulation
_
17
Dairy products
„_
1,2,3,4, 25
Debits, bank
__
15
Debt, short-term, consumer
16
Debt, United States Government
18
Delaware, employment, pay rolls. wages. _ 10, 12, 14
Department stores, sales, stocks, collections— _
7, 8
Deposits, bank
,
15
Disputes, industrial
.
11
Dividend payments and rates
1,20
Pages marked S
Earnings, weekly and hourly
13, 14
Eggs and chickens
1, 3, 28
Electrical equipment
2,3, 6,31,32
Electric power production, sales, revenues
24, 25
Employment, estimated
9
Employment indexes:
Factory, by cities and States
10
Factory, by industries
9, 10
Nonmanufacturing
10, 11
Employment, security operations
12
Emigration and immigration
22
Engineering construction
5
Exchange rates, foreign
17
Expenditures, United States Government
18, 19
Explosives
23
Exports
.
21
Factory, employment, pay rolls, hours, wages.
9
10,11,12,13,14,15
Fairchild's retail price index
3
Farm wages
14
Farm prices, index
3,4
Fats and oils
4, 23, 24
Federal Government,
finance
18
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
15
Fertilizers
4, 23
Fire losses
6
Fish oils, and
fish
23, 28
Flaxseed
24
Flooring
29
Flour, wheat
27
Food products
2
3, 4, 6, 7, 9, 10, 11, 12, 13, 14, 16,18, 25, 26, 27, 28
Footwear
2,4, 7,9,10, 12,13,14, 29
Foreclosures, real estate
6
Foundry equipment
31
Freight cars (equipment)
36
Freight carloadings, cars, indexes
22
Freight-car surplus
22
Fruits and vegetables
2, 3, 4, 26
Fuel equipment and heating apparatus
31
Fuels
2,3,4,33
Furniture
1,4, 9, 10,11, 12, 13,14, 30
Gas, customers, sales, revenues
25
Gas and fuel oils
33
Gasoline
33,34
Gelatin, edible
28
Glass and glassware (see also Stone, clay, etc.). 1, 2, 34
Gold
17
Goods in warehouses
6
Grains
3, 26, 27
Gypsum
34
Hides and skins
4, 28
Highways
4, 5, 11
Hogs
27
Home-loan banks, loans outstanding
6
Home mortgages
6
Hosiery
__ 4,35
Hotels
10, 13, 22
Hours per week
11
Housefurnishings
3, 4, 6, 7
Housing
3,4, 5
Illinois, employment, pay rolls, wages
10, 12, 14
Immigration and emigration
22
Imports
21
Income payments
1
Income-tax receipts
18
Incorporations, business, new
18
Industrial production indexes
1,2
Instalment loans
16
Instalment sales, department stores
8
Insurance, life
17
Interest and money rates
16
Inventories, manufacturers' and trade
_ . 2,3
Iron and steel, crude, manufactures
2
3, 4, 9,11, 12, 13,16,18, 30, 31
Kerosene
34
Labor force
9
Labor disputes, turn-over
11, 12
Lamb and mutton
27
Lard...
__
27
Lead
31
Leather
2, 4,9, 10,11, 12, 13, 14, 16, 28, 29
Linseed oil, cake, and meal
24
Livestock
1,3, 27
Loans, real-estate, agricultural, bank, brokers'
(see also Consumer credit)—.
6,15,17,18,19
Locomotives
36
Looms, woolen, activity
35
Lubricants
34
Lumber
._ 1, 2, 4, 9, 10, 11,12, 13, 14,18, 20, 30
Machine activity, cotton, wool
35
Machine tools
9,10,11,12,13,14,31
Machinery
1,2,3,9,10,11,12, 13,14,16,17,31
Magazine advertising
6
Manufacturers* orders, shipments, inventories
_--_
2,3
Manufacturing production indexes
1,2
Maryland, employment, pay rolls
10,12
Massachusetts,
employment,
pay rolls,
wages
10, 12, 14
Meats and meat packing 1, 2, 3, 4, 9, 10,12, 13,14, 27
Metals
1, 2, 4, 9, 10, 11, 12, 13, 14, 18, 30, 31
Methanol
23
Milk
25, 26
Minerals
2, 10,11, 13, 14
Motors, electrical
31
Naval stores
23
New Jersey, employment, pay rolls, wages
10,
12, 14
Newspaper advertising
6
Pa«es marked S
Newsprint
.*-.*»•..*»*.^...,'
• &£
New York, employment, pay rolls, wages. 10, %%,%
New York Stock E x c h a n g e . , « + + £ l ^ I Z L i l I * 1
Oats
*
>-*• >*
' -• •"•"**
Ohio, e m p l o y m e n t , p a y
Oils and fats___
Oleomargarine.
Orders, new, mi
_ _ _ , . _
Paint and paint materials. *.- w »v-i-Vl*-Paper and pulp
2,3,4,9,1
* "^
Passports issued.
Pay rolls:
/;
Factory, by cities and States.^y.-iCi
Factory, by industries.
Nonmanufacturing indi
nT^^^rm^,
Pennsylvania, employment, pay rolls,^tf^J**^
^~
J
Petroleum and products . . . .
' '"' • ; • .. •* »
Pig iron
._.,..
Porcelain enameled products..
Pork.
,•—*•**
Postal business
---«.-.-«•.•—«*••.
Postal savings
•—.««.,i.***.
Poultry and eggs
.^. w ^-,'—Prices (see also individual commoditiet):
Retail indexes
*_«.„,..•.*.»«.«,«,,
Wholesale indexes
.—*•...,«••—»»
Printing
Profits, corporation
Public assistance
Public utilities
4, 5,10,11, Itg
Pullman
C
o
^
P u m p s , — • * • — • • . m Z t + ^ m ^
Purchasing power of th« dcrflar^^^-^.w^*!
Radio advertising
^ ^ ' i '
Railways,
operations, eq' Jr_.^__,
R l
statistics, employment, Wi^g**^^*.",
Railways, street (see Street
Rayon
^ %t
Receipts, U. S. Government-..*.,
„
Reconstruction Finance Corporation,
Rents (housing), index
-i*-^4il»*V»
Retail trade:
?
All retail stores, sales
» » . « » — Ml J ^ . ^ ^ J ' , ,
Chain storea
Department stores
Mail order
r.^-*^.^"-**^*Rural, general merchandifef.-»i.,w»*.*..
Rice
-."••
Roofing, asphalt
Rubber products. _.
Savings deposits
Sheep and lambs
Shipbuilding
„
___^,_. ,__,
Shipments, manufactures ,m l,»*.
w»J;i.»#4-«vw
Shoes
' ' w ^ ' " *~ "Shortenings
Silver
Skins
Slaughtering and meat packing,
Soybeans and soybean
Spindle activity, cottoi
Steel and iron (see Iron and Steel).
Steel, scrap
-»-.,.
Stocks, department store (spe^
turers' inventories)
,-„„.-.**
Stocks, issues, prices, sal<
* ""
Stone, clay, and glass
"2, 9, , , __F
Street railways and busses.»«.*»»<
Sugar
Sulphur
Sulfuric acid
Superphosphate
Telephone, telegraph, cable, and
graph carriers
---,** lv, **,
Textiles.._
2,4,9, 10, lX,%%p^
Tobacco. _
Tools, machine
—
Trade, retail and wholesale.^, 7*«
Transit lines, local
J!
Transportation, commodiy and pMtett
Transportation equipment. .««* «iU^^i*
2, 3, 9,10 ll» JgT - Travel
..«^.«
Trucks and tractort, industrial,
Unemployment
w
United States Government
United States Government,
United States Steel Corportetioau
U t i H t i e s ^ f i
Variety stores
Vegetable oils
Water transportation, employm^ii||,\^|^*<p^^i3^ij
^
Wheat end wheat
flour
•*^-'wJ«*V-Jtt'-i • *rj"tW!
Wholesale price indexes
\^ri,*t^l'^2^" t:VM,'$
i i
V^isconsin, employment, pay roUa«—'"'" •-'**" « '*.^>
Wood pulp
...^..^^
Wool and wool manufactures.»«,,
Zinc-
$4.50
per year
Foreign Commerce Weekly contains
feature articles on timely subjects of particular interest
to the foreign trader. Regular departments include
news items by countries and commodities with s e c tions devoted to foreign exchange, finance, tariffs
and trade controls, wartime commodity controls,
commercial-law notes, book reviews.
A sample copy will be sent, upon request to the
Bureau of Foreign and Domestic Commerce,
Was' : gton 25, D. C
$4.50 per year, from the Superintendent of Documents, Government Printing Office, Wathington.
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