Full text of Survey of Current Business : June 1945
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JUNE 1945
UNITED STATES DEPARTMENT
BUREAU OF FOREIGN AND DOMESTI
vey of
CURRENT
BUSINESS
*B
JUNE
"The Bureau of
Foreign end Domestic Commerce
...to
Qrt4 develop the foreign
tic commerce of the United
Lmv creatitif; the Bureau, Aug.
1945
Contents
Page
THE BUSINESS SITUATION
Impact of VE-Day
Department of Commerce
1^^Wii
Service
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1
1
•
Basic Materials
Adjustment of War Controls
Manufacturers' War Inventories
•
2
4
4
. . .
PLANNED CAPITAL OUTLAYS BY MANUFACTURERS
5
RECONVERSION IN THE METAL FABRICATING INDUSTRIES
10
R E V I S E D E S T I M A T E S O F WAGES AND
SALARIES IN THE NATIONAL INCOME,
1929-43
17
STATISTICAL DATA:
Monthly Business Statistics
General Index
. . . .
S-l
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- ,**d
The Business Situation
By Division of Research and Statistics, Bureau of Foreign and Domestic Commerce
ICTORY IN EUROPE, officially proY claimed on May 8, marked a definite turning point for the economy. Yet
its significance is not at once apparent
when viewing the economic indicators,
since that particular day did not immediately bring the large downward adjustments in the munitions programs
implicit in the fact of Germany's unconditional surrender. Economic conditions
in May, therefore, did not differ in essentials from those of the preceding
months, though the pressure on the
economy very evidently had lessened.
During the month, successive decisions
regarding future production were followed by a series of announcements
which in sum pointed to a slackening in
the tempo of activity in the latter half of
this year—the period which will witness
the initial adjustments to the Pacific war.
By the end of May, the announced reduction in the size of the armed forces and
the accelerating rate of cutbacks in
scheduled munitions production were
evidence that domestic economic policy
actions must now be geared to a new
situation. Under this situation, expansion of civilian goods production will be
the keynote to both taking up the resources freed by lessened military requirements and meeting the civilian
needs which have accumulated during
the full-war-economy phase of the past
3 years.
than first quarter production. Even after
discounting the fact that part of this
projected increase was unattainable, it
is clear that May and June output will
be down from the expectations held in
April.
Moreover, the effects of the declining
war program will be magnified in the
early stages of the production cycles—in
the raw material, components, and subassembly plants. In other words, the
initiating changes in munitions output
will result in the same kind of deceleration that is associated with declining demand under usual business cycle
conditions.
Gross National Product
Full data for measurement purposes
are not yet available on the status of the
national economy during the period just
ended. Nevertheless, it is clear that this
initial half of 1945 will have witnessed
the high point in the gross national product. On the basis of preliminary esti-
Chart 1.—Actual and Scheduled Munitions Production
(In August 1943 Standard Prices)
BILLIONS OF DOLLARS
25
ACTUAL PRODUCTION
Impact of VE-Day
Portents of the coming change in the
economy were already in evidence. Employment in munitions industries, which
had declined 200,000 between March and
April, experienced an even sharper reduction in the succeeding 30 days. The
preliminary munitions employment estimate for May 15 was 8x/2 million—about
6 percent below January and February.
The actual flow of munitions, on the
other hand, showed little evidence of the
two-front war ending, for the heavy
slashes in schedules had a negligible effect on immediate operations. In fact,
it will be several months before the major
impact of the program cuts will be felt.
While April war production was 4 percent below March, this reduction was
more than accounted for by the 2 fewer
working days in April. Further small
reductions are expected in May and
June, but over-all second-quarter munitions production will be only slightly below the first quarter—an estimated 14
billion dollars as compared with 14.4.
From the standpoint of the release of
resources, however, the great military
victory in Europe had a wider effect than
is shown by the quarterly production
figures on the accompanying chart, since
the mid-April munitions schedules for
the second quarter were 8 percent higher
643587—45
1
mates, the value of goods and services
produced at current prices in the first
four months was running at an annual
rate of close to 205 billion dollars, after
seasonal adjustment. Last year's total
was slightly less than 200 billion dollars.
The chief reason for this added rise was
the expansion of consumer expenditures,
based, as reported in the analysis of last
month, not on a further rise in the volume of goods available, but upon price
advances and trading up, which was
largely of an involuntary character in so
far as the purchaser was concerned.
Income payments to individuals, on a
seasonally adjusted annual rate basis,
ranged between 160 and 165 billion dollars during the first four months of 1945,
as compared with 157 billion dollars last
year. An all-time high was reached in
February, with small declines being registered in March and April. The latter
month saw a continuing of the decline
in manufacturers' pay rolls and a drop
in income payments by retail trade.
This was in contrast to the preceding
5
-
3 rd Qr.
-«
1
4 th Qr.
1944
I st Qr.
^
Estimated by U. S. Department of Commerce.
Source : War Production Board.
2nd QrJ/
3rd Qr.
4 th Qr.
1945
D. D. 45-402
SURVEY OF CURRENT BUSINESS
month when the decline was attributable
to agriculture.
Although there were two earlier
months in the war period when there
were small declines in nonagricultural
income, the drop in April, in the light of
subsequent developments, is likely to be
of more significant character since incomes will follow war production down*
ward.
Downtrend in Munitions Schedules
There are at this time major elements
of certainty and uncertainty in the economic outlook. As pointed out in last
month's issue, the second shoulder of the
plateau in war production has now been
definitely marked. Over-all munitions
output will now go down—how far and
how fast is as yet undefined. It is certain, however, to be at a sharper rate
than that shown in chart 1, based as it is
upon schedules as of May 26, which just
happened to be a statistical point in time
for measuring the changes as they were
coming through the official mill.
Whether developments in the civilian
economy will effectively counterbalance
the sliding off of war production to the
degree consistent with orderly reconversion is now the question. Some factors
bearing on this are discussed in subsequent paragraphs.
After a month and a half of reprogramming, military procurement plans
for the third and fourth quarters of 1945
stood 11 and 20 percent, respectively, below actual first quarter production. The
programs implied a still sharper cut as
of the year-end, since the reduction in
the initial quarter of 1946 was almost 30
percent. But as previously indicated,
the schedules as of May 26 were by no
means scaled down to a one-front war
basis.
President Truman, for example, in his
message to Congress on June 1 announced that sharp cuts in the program
of supplies for the ground forces are being put into effect. These additional
cutbacks will further reduce the schedules for the end of this year.
Chart 1 illustrates the over-all magnitude of the April and May cutbacks by
contrasting pre-V-E day schedules with
those as of May 26, just after the major
reduction in the aircraft program had
been announced. Immediately prior to
the German capitulation, the procurement programs still called for rising production during the remainder of 1945.
The allocation of materials, the manpower program, and various aspects of
reconversion planning at that time were
geared to this projection. Hence, there
is still a considerable amount of unscrambling to be done.
Implications of Redeployment Plans
Consideration of the projected buildup of Army forces in the Pacific theater,
as set forth in public statements of the
President and the War Department, reinforces in a general way the expectation
that considerable further cuts in the
munitions production program will be
made in the near future.
Up to VE-day, virtually all overseas
troops—both in the European and Pacific
areas—could be considered engaged in
June 1945
Chart 2.—Monthly Rate and Effective Date of Munitions Cutbacks
MILLIONS OF DOLLARS
600
T"
NOT REDUCING CURRENT RATE
OF PRODUCTION
MONTHLY
RATE OF
CUTBACK
500
SEPT.
1945
I REDUCING CURRENT RATE
OF PRODUCTION
400
NOTE.- DATE AT TOP OF BAR INDICATES WHEN CUTBACK
WILL APPROACH ITS MONTHLY MAXIMUM.
300
200
DEC.
1944
DEC.
1944
100
MAY
1945
OCT.
1944
JULY
AUG. SEPT. OCT.
1944 —
NOV.
DEC' JAN. FEB.
MAR.
APR.
MAY
JUNE
1945 —
MONTH REPORTED TO PRODUCTION READJUSTMENT COMMITTEE 2 / -
D. D. 45-409
1
Monthly rate of cutback is the value of the reduction in schedules for the month indicated at the
top2 of each bar. The data for May 1945 are preliminary.
Cutbacks involving over $100,000 in any one of the succeeding 12 months are reported to the
Production Readjustment Committee.
Source: War Production Board.
combat or combat-supporting activities.
Immediately after the final and unconditional surrender of Germany, however,
only one-third of the overseas Army—
those troops stationed in the Pacific,
including China, Burma, and India—
remained in the ''active" category and
continued to require a steady flow of
combat munitions. In addition, there is
need for a build-up of supplies in the
Pacific similar to that required before
continental operations in Europe.
In his special message to Congress,
President Truman announced that Army
strength in the Pacific would eventually
double. In other words, this means that
the number of troops in that area will
be increased from one-third to twothirds of the total number in both theaters of war on VE-day. If, as is likely,
it will take about a year to do this, average troop strength in the Pacific during
this period would be about 50 percent of
the VE-day overseas force.
Before the end of the European War,
the total pipeline was adequate to support a considerably larger number of
"active troops" than will be engaged in
the Pacific during the coming year. Even
after allowing for a somewhat longer
pipeline in the Pacific theater than in
the European, and for the unsuitability,
obsolescence, or disrepair of some munitions items, substantial stocks should still
be available for transfer to the Pacific
theater.
The foregoing analysis suggests some
of the basic considerations which make
it possible to reduce munitions production schedules by considerably more than
the 15 percent reduction in the over-all
s:ze of the army which is planned for the
next 12 months. While a simplified
analysis of this type obviously cannot
yield any accurate measure of the reduction in munitions requirements implicit
in the redeployment plans, it does point
to the likelihood that the cuts still to be
announced are sizable. Several months
may pass, however, before procurement
plans are finally geared to the latest redeployment plans and before full allowance is made for the availability of
inventories.
Upsurge of Cutbacks
The extent to which the shift to onefront war production was initiated in
April, the month of final destruction of
the German forces, is shown in chart 2,
which traces the monthly trend in munitions cutbacks since July 1944.
Cutbacks present a difficult problem of
measurement since both the total value
of the reduction in future production
schedules and the monthly distribution
of the reduction should be taken into
account. The technique embodied in
the chart is to compute the cutback rate
on the basis of the reduction in schedules in the "effective month", which is
defined as the first month in which the
reduction approaches its monthly maximum. In the period covered in the
chart, the monthly maximum reduction
was not approached until from 2 to 8
months after the date when the cutbacks were reported to the Production
Readjustment Committee of the War
Production Board.
Chiefly because of the large scalingdown of the aircraft program, the
June 1945
monthly rate of cutbacks in April was
more than twice the previous high point
of last September, following the rout of
the German army in Prance. Almost
a third of the April cuts, however, were
''paper cutbacks"—that is, they eliminated projected increases rather than
making an actual cut in production.
Moreover, the "effective date" was 8
months ahead.
The month of May saw an acceleration
of the cutback rate and a marked reduction of the "paper" portion of the
cutbacks. Only 20 percent of the May
cutbacks, however, will have an effect
before September. The number of
plants (prime-contractors) cut back
during the month was 979, compared
with 308 plants in April.
Revisions of Major Programs
The areas where the recent munitions
cutbacks have been largest are indicated in chart 3, which relates third and
fourth quarter schedules to actual production in the initial quarter of this year.
Striking point on the chart—in view
of the announced reduction in the size of
the fighting forces—is that the May 26
schedule for ammunition was still higher
than actual first-quarter production.
This simply means that the adjustments
by the Army still have a considerable
distance to go, and June changes will
alter this as well as the other bars on
this chart.
While a large percentage reduction is
programmed for guns and fire control,
the cuts in aircraft and ships are much
more significant in terms of the physical
volume of resources that are involved.
The latter programs account for threefourths of the dollar cut between the first
and fourth quarters.
In the case of the ship program, however, it may be noted that the downtrend was determined long before the
end of the war in Europe and that the
ship production schedules have not yet
been readjusted to the fact that we now
have a one-ocean, as well as a one-front,
war.
While the bulk of war production is
scheduled to slide off in future months,
there still remain a number of individual
programs—notably jet propelled planes,
the B-29, and rockets—that are rising.
With the general easing of the war production picture, however, there can
really be no "critical" or "must" programs in the broad sense in which these
terms have been used up until recently.
Expediting actions will still be required
to accelerate production of particular
items for short periods, but from now
on these will proceed under conditions
of easing materials, components, and
manpower stringency and so cannot present the same problems as they did in
1944.
Prom the standpoint of industrial facilities, the cutbacks thus far announced
and those anticipated shortly can permit
a substantial resumption of consumer
metal goods production. The explanation for this situation is not so much the
actual size of the cutbacks, but rather
the tremendous expansion of industrial
facilities during the war. Only a fraction of existing facilities is needed to
SURVEY OF CURRENT BUSINESS
produce the prewar volume of most consumer metal goods other than automobiles. This aspect of reconversion planning is explored in detail in the article,
"Reconversion in Metal Fabricating Industries," appearing in this issue.
Basic Materials
The basic metals, particularly steel,
contain the key to what reconversion will
take place over the remainder of the year.
It is obvious that additional amounts
will become available for new civilian
production, but estimates of the quantities to be released are still highly tentative. It is not yet known, for example,
to what extent depipelining and inventory absorption will contribute to the
available supply.
Release of Steel
On the basis of the recent allocations
of steel for the third quarter of 1945, it
is apparent that the downward revision
of military requirements is lagging behind the adjustments in munitions
s c h e d u l e s . The reductions in the
amounts of carbon steel allocated to the
Army and Navy are small when related
to the program cuts which have been
announced.
Reductions nonetheless permitted additional allocations to the Office of Defense Transportation, the War Food Administration, and certain durable goods
industries (e. g., machine tools, mechanical refrigerator, and washing machine
manufacturers) which are given priorities assistance to speed resumption of
essential civilian production.
Existing allotment schedules, however,
appear to provide little leeway for the
operation of the "open-ending" program
for steel. While it is certain that more
steel will actually become available for
civilian production than is now indicated by the official determinations, the
continued large allocations to the military agencies will interfere with increased deliveries to other claimants.
This situation, together with the slowness
of many war contractors in cancelling
their materials orders when contracts
are cut, is a potentially serious impediment to the speedy absorption of workers discharged from war production.
Moreover, steel mills, being unable to
distinguish between those orders which
will later prove to be "paper" and those
which will still be real when it comes
time to roll the final products, are impeded in adjusting delivery schedules to
Chart 3.—-Munitions Schedules for the Third and Fourth Quarters, 1945,
as Percentages of Actual Production, First Quarter, 1945
SCHEDULES AS OF APRIL 14 —>
SCHEDULES AS
OF MAY 2 6
DECREASE BETWEEN
APRIL 14 AND MAY 2 6
SCHEDULES
PERCENT
MUNITIONS GROUP
°
50
100
150
TOTAL:
3rd Qr.
4th Qr.
I st Qr.
"PRODUCTION
AMMUNITION:
3rd Qr.
4th Qr.
AIRCRAFT:
3rd Qr.
4th Qr.
COMBAT AND
MOTOR VEHICLES:
3rd Qr.
4th Qr.
COMMUNICATION AND
ELECTRONIC EQUIPMENT:
3rd Qr.
4th Qr.
^•INCREASE
GUNS AND FIRE
CONTROL:
3rd Qr.
4th Qr.
SHIPS:
3rd Qr.
4th Qr.
OTHER EQUIPMENT
AND SUPPLIES:
3rd Qr.
4th Qr.
D. D. 45-403
Source : War Production Board.
SURVEY OF CURRENT BUSINESS
the particular shapes and sizes that will
be required to enlarge theflowof civilian
goods.
The steel outlook is also clouded by the
prospect of a particularly tight situation
for sheet and strip steel, where the requirements of the industries on the verge
of resuming civilian production are
heavily concentrated. Deliveries on the
unrated orders for these shapes may be
long delayed.
While copper and copper base alloys
and aluminum will be in relatively larger
supply for expanding civilian production, the current tight situation in the
so-called soft goods—cotton, leather, and
woolen goods—is not expected to ease
appreciably in the near future.
Adjustment of War Controls
VE-day brought a release of war controls on production and on the distribution of basic materials in anticipation of
the release of industrial capacity, materials, and manpower through the reduced
munitions schedules.
As a matter of basic policy to be followed in the reconversion period, the
general decision has been made to relax
controls to the full extent permitted by
the reduction in military requirements
and to give manufacturers broad access
to released materials, rather than to attempt to schedule the resumption of
civilian production in most lines on the
basis of essentiality.
This fundamental decision has been
implemented by two types of policy actions. In the first place, the War Production Board has revoked more than 150
limitation, conservation, and related orders affecting a large number of civilian
items, such as alarm clocks, cutlery,
cooking utensils, lamps and bicycles.
Generally speaking, the products affected
require only small amounts of steel in
their manufacture.
Of course, such revocations give no assurance that early resumption of production will be possible. They merely clear
the way for expanded activity as the
requisite facilities, materials, and manpower become available. In addition,
they permit the manufacturer to utilize
ingenuity in making substitutions and
taking advantage of idle or excess stocks.
The second course of action is reflected in the "open-ending" of steel,
copper, and aluminum—this means that
the mills are permitted to accept unrated
orders and to fill them after all the priority orders are completed.
This procedure is effective July 1,1945,
with the exception that immediate delivery of brass mill products on unrated
orders has already been permitted.
Reconversion planning has also been
implemented by other measures which
program a few essential civilian products
and give priorities assistance for the acquisition of bottleneck machine tools and
equipment and for necessary construction, in order to start production at minimum economic rates.
The automobile industry is the outstanding case where this latter type of
action has been taken, but the washing
machine and refrigerator industries are
other examples. Permission has been
granted to produce approximately 200,000
passenger cars during the remainder of
this year—but priorities for the necessary raw materials have not been accorded to the industry. Washing machine and mechanical refrigerator manufacturers, on the other hand, have been
given priorities for steel.
Brief mention might also be made of
several other actions which have been
taken, such as the granting of special
preferences to small manufacturers, including veterans and new enterprises,
and the relaxation of inventory controls.
Orders covering textiles, lumber,
leather, many chemicals, containers,
pulp and paper, and other materials and
products in short supply are expected to
be continued. In addition, the orders
which apply to the important consumer
durable goods will be retained for some
time, at least in the modified form already indicated for passenger automobiles.
The net effect of the reconversion procedures is to open the door for resumption of civilian output in heretofore restricted areas. What will get through
the door will depend, in the primary instance, on the incidence of cutbacks by
plants and, secondly, on the ingenuity of
the individual business men in acquiring
the requisite materials and parts. By
the end of this year and early next year,
however, these interferences to expanding civilian output will be substantially
reduced.
Manufacturers' War Inventories
The stepped-up rate of contract terminations has focussed attention on the
value and composition of the inventories
currently held by manufacturers for use
in war production. Aside from entering
into settlement arrangements, these inventories offer wide possibilities of being
diverted to civilian channels once they
are no longer needed in war production.
Termination stocks of a more specialized
character, on the other hand, give rise
to problems of plant clearance and
eventual disposal by the Government
procurement and surplus property agencies.
No direct information is available allocating manufacturers' inventories between war and nonwar uses, but some
Table 1.—Estimated War and Nonwar
Inventories of Manufacturers, March
31, 1945
June 1945
indication of the general magnitude of
the war portion can be obtained by assuming that the inventories were distributed in the same proportion as exists
between war and nonwar production in
the different industries.
Total stocks held by manufacturers at
the end of March 1945 were valued at
16.4 billion dollars. Application of the
war-nonwar percentages by individual
industries yields an estimate of war
stocks of almost 10 billion dollars—
roughly three-fifths of the total. The
distribution between durable and nondurable goods industries and between
raw materials and goods in process and
finished goods is shown in table 1.
It should be noted that the figures in
the table represent book value, which is
stated on a cost basis, and are not an
accurate measure of the obligation
which the Government would assume on
the termination of war contracts. Under
present termination procedure, manufacturers are entitled to an allowance for
profit on completed and partially completed work.
Industrial Distribution
War inventories are considerably more
important in the durable than in the
nondurable goods industries, both from
the standpoint of the absolute magnitudes involved and, to a much greater
extent, the relative size of the war portions. Within the durable goods industries, the heaviest concentration is in the
metal fabricating plants, which are wartime producers of guns, ammunition,
tanks, aircraft, ships and other materiel.
Rough estimates indicate that four industry groups in the metal-fabricating
category—electrical machinery, machinery (excluding electrical), automobiles
and parts, and transportation equipment
(excluding automobiles)—account for
45 percent of all war inventories. This
concentration is significant because of
the likelihood that a large portion of the
inventories in these industries will have
very limited use in civilian production
after the war.
The metal-producing industries also
hold large war inventories, but these
stocks are less specialized and will be
more useful in civilian production.
Among the nondurable goods industries,
war inventories are most important, in
both relative and absolute terms, in
plants manufacturing chemicals and allied products.
[Billions of dollars]
War
Nonwar
Total
Durable goods industries,
total
6.7
2.1
8.8
Raw materials and goods
in process
Finished goods
.
5.3
1.4
1.5
.6
6.8
2.0
Nondurable goods industries, total
3.0
4.6
7.6
Raw materials and goods
in process
Finished goods
2.0
1.0
3.1
1.5
5.1
2.5
9.7
6.7
16.4
Total, all manufacturers
Source: U. S. Department of Commerce.
Magnitude of the Disposal Problem
The problem of disposal of termination inventories held by manufacturers
narrows down to considerably less than
the 10-billion dollar estimate of war inventories on March 31, 1945.
In the first place, some reduction in
inventory accumulation can be expected
as a result of the current shift to onefront-war production. Moreover, a large
portion of the war inventories will create
no disposal problem because they can be
readily channelled into civilian production. This is true of the bulk of the 2
(Continued on p. 24)
June 1945
SURVEY OF CURRENT BUSINESS
Planned Capital Outlays by Manufacturers
By D, Stevens Wilson
URING the next fiscal year, a great
many of our postwar readjustments
D
will be initiated. The timing of those
adjustments is uncertain. We do not
know how long the war in the Pacific
will continue to absorb a large part of
the national output. It is important,
however, to have some measure of the
present thinking of businessmen with regard to this period.
One important question is the amount
of capital outlays necessary to put facilities in shape for expanding output for
civilians as war production is cut back.
This includes not only reconversion but
also postponed replacements and additions where these were not permitted
during the war. Closely related are the
questions of the size of the civilian market for producers goods during the postwar transition and of how these outlays
are to be financed.
this stage. Obviously, the method of
financing is subject to change—or later
determination—depending upon market
conditions at the time.
A later report will also cover the public
utilities—railroad, electric power, and
gas companies.
Nature of the Survey
The survey requested information on
the capital outlays planned for the next
12 months—that is, new construction and
equipment, maintenance and repairs,
and outlays for increasing inventories
of civilian goods and trade receivables.
The sources from which funds for making these outlays were to be obtained
were also requested.
To serve as a general index to business
thinking and to provide a common basis
for appraising composite answers, the
questionnaire also asked for the planned
sales objective of each company, defined
as the annual rate of sales which they
anticipated for a period of a year to a
year and a half after VE-day. The
reason for this is that it was considered
that capital expenditures for the year
after VE-day would be geared to sales
expectations for the period shortly beyond that date.
Data for 1939 sales and capital outlays
were also included as a benchmark or
reference point so that the returns could
be aggregated into composites for the
manufacturing as a whole, and for major
groups of industries. The year 1939 was
selected for the base period not only as a
matter of convenience, but also because
it represented the last year uninfluenced
in a major degree by the impact of the
war.
The results which are given below
were developed from a mailed questionnaire returned by representative groups
of manufacturing companies—nearly
7,000 in number. A supplementary field
canvass was made to check for possible
bias in the mailed returns.
The survey returns indicate that a
record volume of private capital expenditures is contemplated for the ensuing
year. The magnitude of these plans
takes on added significance in view of the
large additions to manufacturing facilities made during the war period.
Reconversion Key
Because of the importance of these
questions various business and financial
groups requested that the Department of
Commerce undertake a survey of business plans on reconversion. The key
designed to open the door for the analysis
Chart 1.—-Manufacturers' Capital Outlays
was the planned capital outlays and
BILLIONS
OF
DOLLARS
financial requirements during the 12
months following the end of the war in
Europe. The returns, therefore, may be
accepted as broadly indicative of the
plans covering the July-June fiscal year
which is about to start.
While there has not been time for
4 complete analysis of the returns, enough
information with regard to manufacturing—where the reconversion problem
centers—is at hand to permit a preliminary over-all discussion. This article
deals briefly with the general summary
3 of the capital outlays currently projected
by manufacturing companies. These
are the manufacturers' own estimates,
though we have developed these into
meaningful aggregates for all manufacturing; and for the major industry
2 groups.
A more comprehensive statement covering probable requirements for maintenance and for increasing inventories and
trade receivables, and the sources of the
funds required to finance these expenditures, whether internal from company
resources or from outside sources, will be
published in a later issue. In the latter
case, the type of financing will be indicated for the aggregate of those companies whose plans have advanced to
1929*30 '31 '32 '33 '34 '35
'37 '38 '39 '40 '41 '42
NOTE.-—Mr. Wilson is a member of the National Economics Unit, Bureau of Foreign and
Domestic Commerce.
1
'43 *44 PLANNED^
45-394
"Planned" outlays are for the first 12 months following the end of the war in Europe.
Source : U. S. Department of Commerce. See text footnote 1 on page 6.
SURVEY OF CURRENT BUSINESS
Chart 2.—Manufacturers' Capital Outlays, by Industry Groups x
Planned Capital Outlays
In the coming year the survey disclosed that manufacturers1 are planning
to spend approximately 4 /2 billion dollars for plant, equipment, and alterations. As pictured on chart 1, this would
be nearly three times the prewar, or 1937
to mid-1940, average and far above
the
1929 peak of 2% billion dollars.1 However, it is still considerably below the
wartime level of expenditures for new
manufacturing facilities if public and
private outlays are combined.
Nearly 30 percent of the planned capital outlays are for plant. This total in
terms of dollars is roughly three times
the prewar rate and about 35 percent
above the 1929 peak. Over 50 percent of
the planned capital outlays are for machinery and equipment. This is about
75 percent higher than prewar and
about 35 percent above 1929.
Because of the necessary shifting
around of production facilities for war
purposes the planned outlays include a
rather large expenditure for alterations. A small amount of alteration expense charged to capital account occurs
in almost every year. In the past this
has been included in the estimates for
construction or equipment. During the
reconversion period, however, it will be
a major item, and will account for a good
part of the increase in planned outlays
over the 1929 amount.
Chart 2 shows the variations in total
capital outlays as between industry
groups, and provides a comparison with
the industry outlays for the year 1939.
A comparison of outlays with any one
year has limited significance since many
factors would combine to influence outlays in that particular year which may,
or may not, be present in other years.
The year 1939, however, is the only one
for which complete information is available on private capital expenditures by
all industry groups.
Every industry group plans outlays
well above the 1939 level. This breakdown by industry group, however, must
be used with caution. It is considerably
less precise than the total because of
qualifying factors in certain industries.
These are discussed later.
1
The historical data or benchmarks used
to project the data developed in the survey
are the inclusive series developed by Lowell
Chawner in an article, "Capital Expenditures
for Manufacturing Plant and Equipment—
1915-40," which appeared in the SURVEY OF
CURRENT BUSINESS, for March, 1941. Minor
adjustments have been made to exclude, as
far as possible, publicly financed expenditures. Data for the war years as well as
those derived from this survey comprise, as
far as possible, an extension of the Chawner
series.
These plant expenditures, therefore, are
more inclusive than the figures on industrial
construction currently issued by the Department of Commerce. The difference lies primarily in the fact that the concept of industrial construction excludes such things as
boilers, power plants and other fixed installations, as well as auxiliary buildings such as
cafeterias which are included in the plant
total. These are included in the Chawner
concept used here.
June 1945
INDUSTRY
GROUP
MILLIONS OF DOLLARS
200
400
600
800
CHEMICALS a ALLIED PRODUCTS;
PRODUCTS OF PETROLEUM a COAL
a RUBBER PRODUCTS
FOOD a KINDRED PRODUCTS (INCL.
BEVERAGES) a TOBACCO
IRON a STEEL a THEIR
PRODUCTS
TRANSPORTATION EQUIPMENT,
INCL. AUTOMOBILES
TEXTILE-MILL PRODUCTS a OTHER
FIBER MANUFACTURES^ APPAREL
a OTHER FINISHED PRODUCTS; a
LEATHER a LEATHER PRODUCTS
MACHINERY, INCL. ELECTRICAL
PAPER a ALLIED PRODUCTS; a
PRINTING, PUBLISHING, a ALLIED
INDUSTRIES
STONE, CLAY, a GLASS PRODUCTS
LUMBER a TIMBER BASIC PRODUCTS;
AND FURNITURE a FINISHED
LUMBER PRODUCTS
NONFERROUS METALS a
THEIR PRODUCTS
MISCELLANEOUS
INDUSTRIES
1
Industry groups are arranged in decreasing order of magnitude of outlays in 1939
rope.
"Planned" outlays are for the first 12 months following the end of the war in Eur
Source : U. S. Department of Commerce.
2
Deferred Construction
In chart 3 a comparison is made between capital outlays in what are called
the war and nonwar industries as broadly defined. Throughout the war years,
the expenditure in nonwar industries
for construction had to be restricted, and
hence they accounted for only a small
part of the new facilities. Outlays
planned for this segment of the economy
account for nearly half of the contemplated total and are far above the prewar rate.
In these nonwar industries the high
rate at which they have operated during
the war period has subjected the equipment to extreme wear for which replacements have been generally inadequate.
The inefficiency and the high cost of the
marginal facilities have also been
brought forcibly "to light. Furthermore,
these industries have not been able to
expand, to develop new products, or to
take advantage of new developments.
The combination of these factors results in some very high increases in
planned outlays. The largest gain over
the prewar figures are in the paper and
printing group and the textile, apparel,
and leather groups. Similarly, the food
industries are projecting record outlays.
Capital Outlays Related to Sales
A comparison of these increases in
planned outlays and the increases anticipated in sales volume yields some
interesting results. (See chart 4.) The
textile group, for example, has experienced a very large rise in output throughout the war period and this volume is
expected to continue or increase. Since
little new equipment has been produced
for textile or apparel output, the result
is that to achieve this high volume a very
large increase in capital investment will
be necessary, giving the industry a relative importance in terms of outlays never
before attained. Several other nonwar
industries have planned sales objectives
very close to the 1944 level of output and
are also planning capital expenditures
at a very high rate, notably the paper,
and stone, clay, and glass groups.
June 1945
SURVEY OF CURRENT BUSINESS
War Industries Also Plan Outlays
In contrast to the nonwar industries,
the war industries experienced an extensive over-all expansion in facilities
during the past few years. Even so,
planned outlays for this group exceed
the 1944 amount for both public and
private expenditures and are well above
those of prewar.
The explanation of this lies partly in
the fact that within the war industries
themselves there is considerable variation. The industry groups as given are
necessarily very broad and tend to cover
up differences as between segments—the
machinery group, for example, includes
both machine tools and refrigerators, on
which the effect of the war has been completely opposite.
It also appears to reflect a judgment
by business management that some of
the Government-owned war production
facilities have little utility for normal
peacetime production requirements.
In some sections of the war industries,
of course, the wartime facilities will have
direct peacetime use. Thus within the
iron and steel industry the large expenditures for new ingot and pig iron capacity
are apparently considered sufficient to
preclude the necessity of any sizable
additions in the near future. For this
reason the iron and steel group plans
for a comparatively small increase in
capital outlays during the reconversion
period. Even so, plans envisage an expenditure which is large in terms of
prewar years. There are many consumer
lines of steel products—hardware, stoves,
etc.—which have been curtailed by the
war, and expect to make substantial outlays to take advantage of the large potential consumer market.
There are differences between the various parts of other war industries as they
have been affected by wartime plant expansion. In the chemical industry a
large investment has been made for explosives, ammunition and other war
products, in contrast to the anticipated
peacetime requirements for cosmetics
and toilet goods, plastics, synthetic fibers
and other civilian products. There has
been a large expansion of the capacity
for producing aluminum and magnesium,
while the facilities for producing certain
civilian products from nonferrous metals
have been restricted.
Large outlays are planned also by the
transportation equipment group which
includes automobiles and the machinery
industry despite the very large outlays
in these fields during the war and the
sharp drop in the sales from the 1944
level which is anticipated in the sales
objective. This volume of capital expenditures is made necessary by the extensive reconversion which must take
place before the production of automobiles, refrigerators, washing machines,
and countless other consumer durable
items can be reestablished.
niteness. They range all the way from
firm commitments or the very necessary
expenditures which cannot be -avoided
under any circumstances, through the
desirable expansion or modernization
which will take place if general conditions are more or less in line with present
expectations, to those tentative projects
which depend on technological or competitive developments.
Within this wide range of probabilities,
the stated plans tend to be best approximations. In other words, this survey
can in no sense be considered a forecast
on the part of business or on the part
of the Department of Commerce. It
constitutes merely a composite picture
of business plans in various stages of
formulation as they appeared at a point
of time.
The survey was made with full recognition of the difficulties involved in giving quantitative expression to future
plans which must in the nature of the
case be tentative and contingent upon
future developments. Even in normal
times business plans are subject to sudden chages but under present conditions
the term "plans" must be considered in
a very informal sense.
There are many factors, in addition to
those ordinarily influencing business decisions, over which management has very
little control, and the effect of these cannot in many cases be predicted. When
the survey was made, for example, the
timing of victory in Europe was still uncertain. In view of these difficulties, the
cooperation of those firms which made
returns is greatly appreciated.
Plans Cannot Be Final
In appraising the large volume of anticipated outlays indicated by the foregoing summary, it should be kept in mind
that plans have varying degrees of defi-
| £>.£>. 45-410
War industries
NONWAR include chemicals and allied products, products of petroleum and coal, and rubber
products ; iron and steel and their products, except machinery ; transportation equipment, including
automobiles ; machinery, including electrical; nonferrous metals and their products ; and miscellaneous
industries.
2
"Planned" outlays are for the first 12 months following the end of the war in Europe.
Source : U. S. Department of Commerce.
Assumptions Were Not Given
The brief questionnaire used in the
survey deliberately avoided setting up
any assumptions as a basis for the answers or attempting to specify the probable factors which might influence the
answers. It was felt that the survey
could make the greatest contribution if
it produced a picture of current business
thinking on the questions of capital outlays and financial requirements and that
any light shed on this subject would be
useful even with a considerable margin
for error.
As a consequence businessmen were
left to make their own assumptions on
some very important questions and to
pick from a range of "plans" one figure
which would represent, in the light of
those assumptions, the most probable
magnitude of capital outlays. Even the
notion of what constitutes capital outlays was left to the questionee.
While this lack of uniformity of concepts and assumptions presents some
problems of interpretation, the results of
the survey reflect the composite of management thinking on such very important
questions as the length of the war, the
availability of materials and supplies, the
nature of the government controls during the transition period, and the probable price levels at which construction
or equipment will be available.
Implicit Assumptions
While the assumptions were not given,
these had to be implied in each return—
the company had to have its own pattern of the future war requirements. To
Chart 3.—Private and Public Capital Outlays in War and Nonwar
Manufacturing Industries 1
BILLIONS OF DOLLARS
4
6
1939:
WAR
NONWAR
1
1
10
1
1
1
1940:
WAR
NONWAR
1941:
WAR
NONWAR
1942:
WAR
NONWAR
1943:
WAR
NONWAR
1944
WAR
NONWAR
PLANNED &
WAR
1
JHBBBIHIi^Y//////////////A
r
h
=
///////////////////////////////
V///////////////////////////A
1HHH
I
y/////////A
PRIVATE
PUBLIC
1
1
SURVEY OP^ CURRENT BUSINESS
a considerable degree, therefore, the
variations among the companies arise
from differences in the assumptions
which underlie the plans. But this is
what was wanted—the plans of the companies based on their own operating considerations.
The thinking on the length of the
w7ar and the effect which munitions cutbacks will have on the distribution of
the product as between civilian and military lines can only be assumed from the
general answers. However, the composite of underlying ideas can be deduced from an analysis of the sales objective which the companies are anticipating a year to 18 months ahead. The
level of economic activity indicated by
the sales totals reflects the general tone
of business feeling about the future.
The planned sales objective refers to
the annual rate which is expected to be
reached sometime within this 12 to 18
months period, and not to the volume
of any particular 12-month interval.
The over-all volume of sales which the
companies have given as the objective for
this period is more than double the 1939
amount, but about 20 percent below the
record level of 1944. This includes
changes in price as well as physical volume.
A breakdown of the sales reveals that
volume in civilian or prewar lines is
placed at 80 percent above 1939. With
a rough adjustment for price the physical
volume is perhaps 40 percent higher.
Product—Not Market Distinction
The distinction between sales of civilian lines and of military products relates
to the character of the product, not to
its market. Tanks, guns and aircraft are
military products, but not the iron and
steel or nonferrous metals from which
they are made. To some extent the
volume of sales in prewar lines will be
contingent upon the reduction in the demand for munitions items. Most industries, however, have little or no military
product as such; the large variable will
be the distribution as between military
and civilian use of the normal products.
Although there was wide variation as
between individual companies regarding
sales of military products, it is clear from
the composite results that the respondents in general do not expect that Japan
will be able to stave off unconditional
surrender beyond the Summer of 1946.
The level of munitions production anticipated—about one-third of the annual
rate indicated by the first quarter 1945
totals—is that which might be expected
as war contracts are in their final or
liquidating stage.
placement and expansion as well as
managements' confidence that the demand for their products will be high in
the immediate postwar period.
Back to Comparative Sales
There is considerable variation as between industries in the anticipated sales
volume, particularly with respect to the
1944 levels. (See Chart 4.) As would
be expected, those industries more closely
connected with munitions output contemplate the largest decline from 1944.
On the other hand, sales even larger than
the 1944 totals are anticipated in the
textile and paper groups. The influence
of military products is still quite apparent in the sales volume indicated by the
transportation equipment, nonferrous
metals, and the machinery groups. In
other industries where the output is of
the same basic prewar lines, anticipated
June 1945
increases with relation to 1939 are much
more uniform.
Can Expenditures Actually Be Made
In discussing the assumptions which
underlie the figures for planned outlays
it is impossible to avoid the question as
to whether the volume, industry by industry, as indicated by the survey was
reasonable—not only in terms of the
probable availability of materials and
supplies to produce the equipment, but
also with respect to the ability of the
suppliers of equipment in any particular field to meet the demand implicit in
these outlays.
In some instances it is known that the
figures given cover only that part of the
required outlays which the management
believes can be made within the next
year. In other cases, plans appear to include necessary and desirable expendi-
Chart 4.—Sales of Manufacturing Companies, by Industry Groups
INDUSTRY GROUP
10
BILLIONS OF DOLLARS
20
30
FOOD a KINDRED PRODUCTS (INCL.
BEVERAGES) 8 TOBACCO
CHEMICALS a ALLIED PRODUCTS;
PRODUCTS OF PETROLEUM a COAL
a RUBBER PRODUCTS
TEXTILE-MILL PRODUCTS a OTHER
FIBER MANUFACTURES; APPAREL
8 OTHER FINISHED PRODUCTS-, a
LEATHER a LEATHER PRODUCTS
IRON a STEEL 8 THEIR
PRODUCTS. EXCEPT MACHINERY
MACHINERY, INCL. ELECTRICAL
TRANSPORTATION EQUIPMENT,
INCL. AUTOMOBILES
PAPER 8 ALLIED PRODUCTS; a
PRINTING, PUBLISHING, a ALLIED
INDUSTRIES
LUMBER a TIMBER BASIC PRODUCTS:
a FURNITURE a FINISHED
LUMBER PRODUCTS
NONFERROUS METALS 8
THEIR PRODUCTS
STONE, CLAY, 8 GLASS PRODUCTS
Gross National Product Indicated
The aggregate sales objective derived
from the survey corresponds to a gross
national product of roughly 150 billion
dollars at that time as compared with
just under 200 billion dollars in 1944.
The amount of capital formation induced from the survey is large. It apparently reflects the stimulating effect
of accumulated needs, for capital re-
MISCELLANEOUS INDUSTRIES
1
2
Industry groups are arranged in decreasing order of magnitude of sales in 1939.
"Anticipated" sales are at an annual rate for the first 12 to 18 months following the end of the
war in Europe.
Source : U. S. Department of Commerce.
June 1945
tures without too much regard for the
probable difficulties involved in completing the projects. This is understandable, however. The plans of any one
company and perhaps of one industry will
not seem unduly large or likely to strain
the material and supply situation, while
the aggregate of all plans might well
prove unreasonable. It is in the presentation and analysis of these aggregative
amounts that the survey can be most
helpful.
On an over-all basis the total volume
of outlays is within reason since our wartime outlays were well above the contemplated levels; however, it may well
be that many of the facilities and materials will not be available within the projected period for the production of new
plant and equipment. As for particular industries, the amount indicated for
the textile, apparel and leather group,
and the paper and printing group raises
some reasonable doubts as to whether
makers of this type of equipment could
produce that volume within a year period even were the necessary materials
available.
Size of the Sample
Just over 6,800 replies to the survey
were received. Firms returning the
questionnaire accounted for almost 50
percent of the 1939 total volume of sales
and nearly 60 percent of total 1939 capital outlays. Of these returns, however,
only 63 percent gave figures for planned
capital outlays and planned sales objectives. The others were either unwilling or unable to project their plans
quantitatively.
Because of the importance of large
companies, a special effort was made to
secure complete coverage of the largest.
As shown in chart 5, the 192 largest companies in 1939 accounted for one-third
of the total sales volume and over 40 percent of the capital outlays. Planned
outlays and planned sales objectives were
reported by 62 percent of these companies.
In deriving a total for this group, plans
for the remainder were estimated by
comparing the nonreporting companies
individually with other companies in the
same industries which were subject to
approximately the same conditions.
Based on these results, the proportion of
planned outlays attributable to this
group is expected to decline while the anticipated sales volume remains at about
one-third of the total objective. (See
chart 5.)
One-third of the 1939 sales were by
firms with output of less than 2 y2 million
dollars in that year, and the other onethird by firms with output of over 2V2
million dollars, but excluding the 192
largest companies. These two groups
accounted for nearly 60 percent of the
1939 outlays. Returns were received
from 6,614 firms in the two groups.
Reliability of Sample
Certain very general observations can
be made as to the reliability of this sample. The mailing list was notably deficient in printing and publishing, and in
lumber. In these industries the returns
may not be representative. There was
http://fraser.stlouisfed.org/
643587—45Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
no attempt to get coverage for any new
firms which have come into existence
during the war period, but this bias tends
to be offset by exclusion of those which
have gone out of business.
In general, the smaller companies, in
terms of 1939 sales, were less well represented. Returns were received from
firms representing a little less than onefifth of the total 1939 sales of companies
with output of less than 2Y2 million dollars in that year. Returns
from firms
with output of over 21/2 million in 1939,
but excluding the 192 largest, represented
about 30 percent of the 1939 sales of this
group. This bias is greater in the very
small companies and in those industries
where small companies account for a
large part of the total.
This difference in coverage is important only if the aggregate plans of the
smaller companies differ materially from
the larger companies. On the average,
the returns indicate that the smaller
companies, some of which are no longer
small, plan larger percentage increases
over 1939 than do the larger companies.
There is some evidence, however, to indicate that those small companies with
plans for major expenditures tended to
answer the questionnaire while those
without particular plans did not file a
return.
Field Survey Check
As a possible check against the representativeness of the returns, in comparison with those companies which did not
report, a small sample of about one percent of the mailing list was selected for
personal interviews. This group consisted of companies to whom the questionnaire had been mailed but from
whom no reply had been received.
Some conclusions can be drawn from
this small check survey. For example,
the fact that a company did not report
apparently did not mean that it had no
Chart 5.—Manufacturers' Capital
Outlays and Sales, by Largest
and Other Manufacturing Companies *
1939
PLANNED
OUTLAYS
1
SALES
"Planned" outlays are for the first 12
months, and "anticipated" sales are at an
annual rate for the first 12 to 18 months following the end of the war in Europe.
Source : U. S. Department of Commerce.
9
plans. The major reasons given by this
group for not having filed the return voluntarily were simple neglect or a reluctance to answer. There seemed to be no
great differences in the nature of their
plans or their thinking.
The returns from this small check
group also appear to indicate that no
serious bias is present in the total sample.
A further problem is presented by
roughly one-third of the returns which
reported no plans. In some instances
this meant that they were planning not
to make any capital outlays, or that the
amounts involved were thought to be too
small to be significant. In other instances it simply reflected the inability
or unwillingness to resolve the plans to
a specific figure. Since the returns did
not clearly distinguish between these two
attitudes the decision as to their relative
importance was quite arbitrary. The
assumption adopted—that if plans had
been stated, they would amount to no
more than the 1939 outlays for this
group—is probably conservative.
In view of the various qualifications
and adjustments, the over-all conclusions drawn from the survey can only be
approximate. On the whole, however,
the problems presented by the sampling
process do not appear as important in
modifying or qualifying the results as
do the difficulties implicit in reducing
plans to a definite figure.
Summary
Manufacturing firms are planning
large outlays for plant, equipment and
alterations over the next 12 months.
The total of approximately 4y2 billion
dollars is nearly 3 times the 1937 to 1940
average and more than half again as
large as in 1929.
These are plans, not commitments.
They are being kept flexible to meet a
range of possible conditions and contingencies. They do, however, reflect
the considered judgment of an adequate
cross-section of American industry. The
verbal and written comments and qualifications accompanying the returns suggest that the total is not inflated by inclusion of nebulous plans or those which
will be consummated only under unexpectedly favorable conditions.
The indicated market for construction,
for producers, equipment and machinery
will be an important influence favoring
the transition from war production to a
high output of civilian goods. The
planned outlays are greater than the
total of public and private expenditures
on manufacturing facilities in 1944, although well under the war-time peak.
The recent thinking of business management is that these outlays for reconversion, expansion, modernization and postponed replacements are necessary or
desirable in spite of the large outlay on
war production facilities.
In some industries the planned outlays
are so large as to raise doubts as to
whether the supplying industries can
produce the desired equipment within
the next year. They suggest that the
production of many producers' goods
will be limited less by demand than by
the time necessary to resume or expand
production of those goods.
SURVEY OF CURRENT BUSINESS
10
June 1945
Reconversion in Metal Fabricating ^Industries
By Clarence H. Danhof
SIGNIFICANT cutbacks in war pro^ duction already announced have focused attention on the reconversion of
industry. The metal fabricating industries constitute the major segment of the
economy affected, though others will be
concerned to a lesser degree by reductions
in government orders. Even after providing everything necessary for the
armed forces to press the subjugation of
Japan, there will now be considerable
capacity available fornonmilitary products. This is so because of the tremendous wartime expansion of the factors
of production—labor, plant and materials.
A few summary statistics place the
problem in its setting. In 1944 shipments
of metal fabricated products exceeded
those of 1939 more than five times, which,
even after allowing for the wartime rise
in costs, represents a tremendous expansion. They comprised 45 percent of
manufactured products as contrasted
with 25 percent in the prewar year. Employment in these industries in 1939 was
2 million; in 1944 it was 7 million, the
increase comprising 80 percent of the
increase in employment in all manufacturing industries over the 5-year period.
Converting this highly expanded group
of war industries to the best purposes of
peace is but one part of the main postwar issue—how to utilize the enlarged
producing power of the nation so as to
provide a higher standard cf living.
The purpose of this article is to review the data which have been assembled ir> the furtherance of mobilizing our
resources for war, but which have not
been generally accessible. Since Pearl
Harbor, the War Production Board,
through the facilities of the Department
of Commerce, has been collecting reports
from some 10 000 producers of metal
fabricated goods on value of shipments,
by major class of product, and on utilization of facilities.
The quarterly reports for 1944 have
been combined in this study and compared with 1939 Census data for comparable industries in order to deduce the
more significant highlights of the
changes that have taken place in these
industries. Since changes in these industries have been relatively minor thus
far this year, the data presented for 1944
can be considered to represent the situation in the first 5 months of this year
as well.
T h e Over-All Changes
The main outlines of the wartime
changes in the metal products industries
are summarized in chart 1. The five-fold
increase in the dollar value of shipments
NOTE.—Mr. Danhof is a member of the Cur-
rent Business Analysis Unit, Bureau of Foreign and Domestic Commerce.
between 1939 and 1944 consisted of the
following elements:
1. A doubling in the aggregate value
of shipments of civilian-type goods (referred to in the chart as 1939 type products). This occurred despite the extensive restrictions after Pearl Harbor in
the production for civilian use of almost
all finished metal goods. The increase
went, therefore, to meet the needs of the
military for products, such as repair parts
for metal goods in the hands of consumers, and selected essential civilian needs,
(e. g., agricultural transportation, and
electric power equipment).
2. Greatly expanded shipments from
private plants of special war goods (referred to here as combat materiel) which
amounted in 1944 to more than three:afths the total shipments of metal fabricating plants in 1939. There was only
an insignificant amount of such goods
turned out in 1939, and there is no
method of adjusting these shipments for
price changes after 1939.
3. The production of metal goods by
Government plants, mostly new, with
dollar shipments in 1944 that were twofifths above those of the entire private
industry in 1939. The Government
plants accounted for close to 30 percent
of the total metal fabricated products
shipped in 1944. Again, there is no 1939
production of sufficient magnitude to
call for either comparison or concern
with problems of price change.
Leaving aside the Government plants,
the companies in the metal fabricating
field quadrupled their 1939 dollar sales
after 5 years of defense preparation and
war.
The only price adjustment that can
be made in this chart to improve the
comparison, is to adjust the output to
the higher 1944 cost basis. If done
roughly, the bar for 1939 would be raised
by a third or more to 17 billion dollars.
If this very rough estimate of price
change is used, the increase in shipments
from the private plants in this field was
three-fold times in the same years.
New Facilities Made Record Possible
The basis of the rise in output during
the war was primarily the addition of
new facilities and, secondarily, the more
intense use of prewar facilities. Multipleshift operation and longer work weeks
obtained a much larger output from the
prewar machines and equipment that
remained in use.
Over and above this, with private and
Government financing, floor lay-outs
Chart 1.—-Output of Metal Products Industries
BILLIONS OF DOLLARS
75
GOVERNMENT-OWNED
PLANTS U
50
COMBAT
MATERIEL 1/
1939
PLANTS
25
1939 TYPE
OF PRODUCT
!939
PRODUCTION
S944
SHIPMENTS
D.D. 45-310
1
Data include shipments of combat materiel and other products from Government-owned plants,
whether operated by the Government or by private management. Data do not include shipments
from those Government-owned facilities or equipment that are located in, or closely integrated with,
privately owned plants, nor output of Government-owned and operated navy yards. The relatively
negligible
output of Government arsenals, docks and navy yards is not included in 1939 production.
2
Includes ammunition : guns and fire-control equipment; combat vehicles ; aircraft, parts, and
equipment:
and ships and equipment.
3
Both 1939 production and 1944 shipments are based upon the plant classifications in the 1939
Census of Manufactures.
Sources : U. S. Department of Commerce and War Production Board.
June 1945
SURVEY OF CURRENT BUSINESS
were rearranged, plants were enlarged,
and more efficient and new equipment
was brought in. This was especially true
for the plants engaged in the manufacture of new types of combat equipment—
for which considerable special machinery
and new assembly techniques had to be
introduced.
Machine Tools a Bellwether
Some indication of the enormous expansion in the facilities of these war
industries can be gathered from the installations of new machine tools. The
machines that cut and grind metal comprise about 90 percent of metal-working
equipment. At the end of 1939 there
were about 930,000 machine tools in this
country. Between 1939 and the end of
1944 there were more than 730,000 new
tools installed in metal-working establishments.
The new machine tool installations do
not represent a net increase in the machine tool population, since there was
some obsolescence of old tools and a
withdrawal from use of many tools formerly engaged in civilian output that
was restricted during the war. A very
rough estimate of these withdrawals,
and taking into account that average
hours worked on machine
tools per week
increased more than 2x/2 times during the
period, would indicate that the number
of machine tool hours in the metal working industries in 1944 was more than
four times as large as in 1939.
Output Per Employee Rises
Although labor input did not increase
so rapidly as the value of output or
machine hours in the combined metalworking industries, the man hours
worked increased by more than 3V2 times
between 1939 and 1944. Aside from price
factors, the dollar value of output per
employee increased from the changed
nature of the special war products—the
increased machining, more complex assembly, and higher precision requirements.
The annual changes in employment
and average hours worked are presented in chart 2. The 25 percent increase in average hours worked per week,
with the big jump occurring after Pearl
Harbor, reflects not only intensified use
of labor but of the equipment that was
worked upon as well.
Caution is necessary in interpreting
the increase in employment and hours of
work from 1941 to 1942.
The over-all figures cover up the shift
in employment during the year in those
plants where major conversion of facilities to war work was under way
There were temporary declines in employment in many of the plants during
the process of conversion. But the
simultaneous expansion of employment
in plants already engaged directly or indirectly in munitions output and the
subsequent rapid strides in hiring when
the converted plants became ready for
mass production of military goods accounted for the upward movement of
average employment in 1942.
In the case of average hours worked,
there were no restrictive factors, since
even in the plants where employment
11
Chart 2.—Employment and Hours
in the Metal Products Industries *
Qualifications of Data
Before presenting the information for
individual industries, several characteristics and qualifications of the data
should be noted. The privately-owned
metal fabricating plants were classified
according to their prewar (1939) major
product. Hence, a former automotive
plant now wholly engaged in producing
aircraft engines was classified in the
motor vehicle industry. This procedure
is most useful in an analysis of wartime
developments geared to the questions of
the return to civilian output.
However, while the 1939 data are from
the Census of Manufactures and hence
cover in each case the entire industry
as defined by the Census, the 1944 data
exclude some of the small plants that
are included in the Census. In general,
the 1944 data represent reports from
approximately 90 percent of this industry. The effect of this is to understate somewhat the increase in shipments between the two dates, but it has
little effect on comparisons of rate of
expansion between different industries.
The data presented in chart 1 include an
estimate for this lack of coverage. The
source of the 1944 data is the War Production Board.
The 1939 Census data measure production; the 1944 data are for shipments.
It is believed that shipments in 1944 in
the industries studied are virtually
synonomous with production and no adjustments have been made to account
for inventory changes in finished products. Furthermore, the data represent
gross production. This means that the
value of those components and subassemblies that are produced in plants
separate from those in which final assemblies are made will be included more
than once in the gross value figures used
here.
MILLIONS OF
WAGE EARNERS
8
6 -
2 -
- 40
1939
1942 1943 1944
1940 1941
36
CD. 45-311
1
Data for "wage earners" represent the industries as defined in chart 3, footnote 1 ; and
data for "average hours per week" represent
these industries and others included in the U. S.
Department of Labor classification of "metals
and their products."
Sources: Average hours, U. S. Department
of Labor; wage earners, U. S. Department of
Commerce based upon U. S. Department of Labor
data.
dropped during the period of production
readjustment, the hours of those remaining at work—in large measure
skilled tool and die and machine set-up
workers—increased considerably.
The reconversion ahead for the remainder of this year and next will occur
in an environment far different than
that which prevailed during the period
of reconversion. Whereas in the conversion months following Pearl Harbor,
cost factors were subordinated to considerations of speed, cost as a competitive and profit factor will play a more
important role in shifting to peacetime
production.
Table 1.—Distribution of Metal Fabricating Industries by Percentage Increase in
Value of Output, 1939 and 1944 1
Producers' goods
Value of shipments
Percentage increase N u m 1939 and 1944
ber of
industries
1939
1944
Number of
industries
Millions of
dollars
No increase_ __
1 to 100
101 to 200
201 to 300
301 to 400
401 to 500
501 to 600
601 to 700
701 to 800
801 to 900.
901 to 1 000
Over 1,000
Total
2
6
12
14
7
133
302
878
1,648
1,292
1
2
6
201
2
86
Intermediate products
Consumers' goods
114
513
2,170
5,670
5,693
Value of shipments
1939
1944
55
676
4,627
38
1,053
10, 592
1
5
22
1
276
1,768
1939
1944
2
158
4, 7C3
Number of
industries
1
8
76
934
838
403
193
5
2
1
21
5,639
13, 472
23
2,444
1944
49
1,398
2,056
1,428
806
40
1,492
1,948
18, 474
1939 1
Millions of
dollars
Millions of
dollars
835
48
Value of shipm ents
Value of shipments
Number of
industries
Millions of
dollars
1
9
9
Aircraft, hipb uildiiig
and firear ms
5,738
1
' T h e industry classification is according to the major end-use of its product.
Detail will not necessarily add to totals due to rounding.
Sources: U. S. Department of Commerce; basic data for 1944 from War Production Board.
1
18
154
2
607
9,584
3
625
9,737
SURVEY OF CURRENT BUSINESS
12
Chart 3.—Output of Major Groups of Metal Products
Industries,
Excluding Government-Owned Plants x
Growth by Industries
Although rapid and huge expansion
was the rule for the metal fabricating
plants, the rate of growth has been quite
different for the separate segments.
Largest of these is the group of Government plants engaged primarily in the
manufacture of special weapons of war
and, to a relatively smaller extent, on
equipment for components of those
weapons which are similar to normal
peacetime products. Such plants were
of negligible importance in 1939. Currently their products comprise 30 percent
of total shipments.
Among the private industries, there
was wide disparity in wartime expansion
as may be seen in table 1. Among these
industries the giant aircraft, shipbuilding and firearms industries are a category which share with the Government
plants both very great expansion and
reconversion problems. Relatively unimportant in 1939, the aircraft and shipbuilding industries by 1944 had expanded
some 15 times and accounted for a fifth
of the vastly larger output of metal
products.
Aside from these two groups, the differential rate of growth among the private industries was important. As may
be seen in the frequency distribution in
table 1, the difference between the manufactures of producers', intermediary and
consumers' goods was marked.
The contrast followed from the nature
of the military demand for the peacetime products of these industries. The
producers' goods industries had to supply
the machinery and equipment for the
extraction of minerals and the manufacture of munitions.
The normal products of some of these
industries were required in expanded volume for direct military demand and for
the support of the domestic economy so
that it could cope with the additional
strains of war, as in the case of agricultural, railroad and electrical generating
equipment. In addition, there existed in
many of these industries the facilities or
the managerial ability and experience to
manufacture complicated weapons of
war.
For the producers' goods industries as
a whole, dollar shipments in 1944 were
four times as large as in 1939. The majority of the individual industries in this
category tripled the value of their output
during the same years, and two industries—internal combustion engines, and
locomotives and parts—expanded their
shipments ten-fold.
In contrast, the percentage rise in
shipments of the consumers' goods industries was a little more than half that
of the producers' group. Consumers'
goods represented an area where restriction of the peacetime output was feasible
and hence the resources devoted to them
provided a source of facilities, manpower,
and materials for war production.
The military demand for consumertype goods, plus the value of parts for
replacement and repair of civilian equipment, permitted by the production au-
June 1945
BILLIONS OF DOLLARS
5
10
15
INDUSTRY
MACHINERY, EXCEPT ELECTRICAL
TRANSPORTATION EQUIPMENT,
EXCEPT AUTOMOBILES
AUTOMOBILES AND AUTOMOBILE
EQUIPMENT
ELECTRICAL MACHINERY
IRON AND STEEL PRODUCTS
- 1944 SHIPMENTS -
NONFERROUS-METAL PRODUCTS
!939 TYPE
COMBAT
OF PRODUCT MATERIEL i /
1939 PRODUCTION
MISCELLANEOUS
_L
J_
D. D. 45-314
1
Both 1939 production and 1944 shipments are based upon plant classifications in the 1939
Census of Manufactures. The first four industry titles in this chart are those used in the Census
report, but the coverage differs slightly as follows : "Machinery, except electrical" excludes machineshop repairs ; "transportation equipment, except automobiles" excludes boatbuilding and repairing ;
"automobiles and automobile equipment" excludes automobile trailers (for attachment to passenger
cars) ; "electrical machinery" excludes electric lamps. The last three industry titles in this chart
are not those used in the Census report, but cover Census industries as follows : "Iron and steel
products" includes tin cans and other tinware, not elsewhere classified ; wire products, except wire
drawn from purchased rods ; cutlery, tools, and hardware ; heating apparatus and plumbers' supplies ; vitreous enameled products, including kitchen, household, and hospital utensils : automobile
stampings ; stamped and pressed metal products (except automobile stampings) ; fabricated structural
steel and ornamental metal work ; bolts, nuts, washers, and rivets—made in plants not operated in
connection with rolling mills ; wrought pipes, welded and heavy riveted—made in plants not operated
in connection with rolling mills ; springs, steel (except wire)—made in plants not operated in connection with rolling mills : screw-machine products and wood screws ; steel barrels, kegs, and drums ;
firearms ; and safes and vaults. "Nonferrous-metal products" includes clocks, watches and materials
and parts (except watchcases) ; silverware and plated ware ; lighting fixtures; aluminum ware;
kitchen, hospital, and household (except electrical appliances) ; collapsible tubes ; sheet-metal work
not specifically classified : and nonferrous-metal products not elsewhere classified. "Miscellaneous"
includes professional and scientific instruments, photographic apparatus, and optical goods : surgical,
medical, and dental instruments, equipment and supplies ; toys and sporting and athletic goods
(except dolls) : pens, mechanical pencils, and pen points; soda fountains, beer dispensing equipment,
and related products ; and fire extinguishers, chemical.
2
See chart 1, footnote 2.
Sources ; U. S. Department of Commerce and War Production Board.
thorities, was with but few exceptions
equal to or less than prewar civilian demand. The increase in war shipments
was made, therefore, in part at the expense of reduced shipments of civiliantype goods.
Half of the individual industries in this
group experienced increases of less than
100 percent and only one-tenth of them
expanded shipments by more than 300
percent. The outstanding exception in
this group was radio. The military demand for radio and radar products resulted in a six-fold growth in the shipments of this industry between 1939 and
1944.
The output of the intermediate products, or components, industries went to
combat equipment, and producers' and
consumers' goods. On the whole, the expansion in this group was parallel with
that of the consumer goods industries.
The restriction of metal production for
civilian use made possible here, more so
than in the other industries, a diversion
of its products for war use.
Wartime Changes in Product
Next in importance to the expansion
of the output of metal-fabricating industries has been the marked change in the
SURVEY OF CURRENT BUSINESS
June 1945
Table 2.—Metal Products Industries
Classified by Percent of Combat
Materiel Production
GROUP I
[Combat materiel 80 percent and over]
Shipbuilding and repair
Firearms
Aircraft and parts
GROUP II
[Combat materiel from 50 to 80 percent]
Professional and scientific instruments (except surgical and dental)
Safes and vaults
Automobile stampings
Laundry equipment, domestic
Games and toys
Printing trades, machinery and equipment
Aluminum ware, kitchen, hospital and household
Vending, amusement and other coinoperated machines
Oil burners
Food products machinery
Clocks, watches, and materiels and parts
Sewing machines, domestic and industrial
Lighting fixtures
Motor vehicles and parts
Refrigerators and refrigeration machinery
Office and store machinery
Electrical appliances
GROUP III
Surgical, medical and dental instruments and
equipment
Fire extinguishers, chemical
Machine tools
Scales and balances
Locomotives and parts
Construction and similar machinery
Tin cans
Wiring devices and supplies
Automotive electrical equipment
Cutlery and edge tools
Pens, mechanical pencils and pen points
Metalworking machinery and equipment,
n.e.c.
Hand tools, files and saws
Machine tool and other metal-working machinery accessories
Mechanical power transmission equipment
Commercial laundry, dry cleaning and pressing machinery
Tractors
X-ray and therapeutic apparatus and electronic tubes
Communication equipment
Steam engines, turbines and water wheels
Radios, radio tubes and phonographs
Batteries, storage and primary (dry and wet)
Bolts, nuts, washers and rivets
Blowers: exhaust and ventilating fans
Internal combustion engines
Cars and trucks, industrial
Collapsible tubes
Carbon and artificial graphite for the electrical industry
Transportation equipment, n.e.c.
[Combat materiel from 20 to 50 percent]
Measuring and dispensing pumps
Vitreous enameled products
Optical instruments and lenses
Stokers, mechanical, domestic and industrial
Fabricated structural steel and ornamental
metal work
Cars and car equipment—railroad, street,
and rapid-transit
Stoves, ranges, water heaters, and hot-air
furnaces
Hardwares, n. e. c.
Metal door, window sash, and trim
Special industry machinery, n. e. c.
Paper-mill, pulp-mill and paper products
machinery
Stamped and pressed metal products
Motorcycles, bicycles, and parts
Sporting and athletic goods, n. e. c.
Machine shop products, n. e. c.
Children's vehicles
Photographic a^naratus and materials and
projection equipment
Oil-field machinery and tools
Textile machinery
Enameled—iron sanitary and plumbers supplies
Sheet-metal work, n. e. c.
Wirework, n. e. c.
Industrial machinery, n. e. c.
Heating and cooking apparatus
Pumping eauipment and air compressors
Steam and hot-water heating apparatus
Silverware and plated ware
Measuring instruments, mechanical
Elevators, escalators and conveyors
Steam fittings
Wrought pipes, welded and heavy riveted
Insulated wire and cable
Steel barrels, kegs and drums
Soda fountains, beer dispensing equipment
and related products
Electrical measuring instruments
SOURCE: U. S. Department of Commerce
based upon data from the War Production
Board.
product. Automobile plants have been
engaged in the production of tanks and
aircraft engines, refrigerator plants in
the manufacture of propellers, and sewing machine plants devoted to the production of guns, whereas the tractor industry continued to produce tractors, and
the radio industry continued the production of radio equipment, as well as
radar and special war-types of communication devices.
In order to aid in the analysis of the
changed composition of products, a new
two-fold classification, necessarily somewhat arbitrary, is here introduced. The
current products of the metal-fabricating industries have been divided into
combat materiel and prewar types (the
year 1939 being used as the reference
date for prewar type).
Combat materiel includes the ammunition, guns and fire control equipment,
combat vehicles, aircraft and ships which
comprise the specialized weapons of war.
The prewar type goods include goods
identical to those made in peacetime as
well as those produced to military specifications and which, while frequently not
identical to those produced in prewar
years, are nevertheless basically akin,
differing usually no more than do different models of the same product.
While in general no distinction between prewar-type goods produced for
Chart 4.—Output of Selected Producers' Metal Products Industries,
Excluding Government-Owned Plants *
BILLIONS OF DOLLARS
.5
1.0
1.5
INDUSTRY
METALWORKING
MACHINERY
W///////////A
AGRICULTURAL MACHINERY
AND TRACTORS
SPECIAL INDUSTRY
W//////////A
MACHINERY
CONSTRUCTION AND SIMILAR MACHINERY
EXCEPT MINING AND OIL-FIELD
MACHINERY AND TOOLS
- 1944 SHIPMENTS OFFICE AND STORE
MACHINES
GROUP IV
1939 TYPE
OF PRODUCT
[Combat materiel less than 20 percent]
Ophthalmic goods: lenses and fittings
Woodworking machinery
Springs, steel (except wire)
Agricultural machinery
Screw machine products and wood screws
Mining machinery and equipment
Nonferrous metal products, n.e.c.
Electrical products, n.e.c.
Nails, spikes and related products
Power boilers and associated products
Generating, distribution and industrial apparatus
13
-«
OIL-FIELD AND MINING MACHINERY,
TOOLS, AND EQUIPMENT
1939 PRODUCTION
*-
V//////////7///MM
I
1
COMBAT
MATERIEL?/
D. D. 45-313
Both 1939 production and 1944 shipments are based upon the plant classifications in the 1939
Census of Manufactures. The industry titles in this chart are those used in the Census report, except
that "office and store machines" is specified as not elsewhere classified. These industries are included
in 2the "machinery, except electrical" group shown in chart 3.
See chart 1, footnote 2.
Sources : U. S. Department of Commerce and War Production Board.
SURVEY OF CURRENT BUSINESS
14
the civilian economy and those produced
for military use is necessary, in certain
instances it is important to recognize
that military goods may involve reconversion difficulties of the kind though
not of the degree faced by combat materiel producers.
The character of the wartime product—whether it be similar to past production or markedly different—is indicative in a general manner of the ease or
difficulty of industrial reconversion.
Combat goods were for most plants completely new items of manufacture, requiring different machines, changes in
plant lay-out, new tools, jigs and fixtures, and unique shapes and forms of
material. To a lesser extent this was
true of some of the products classified
here as of prewar type, but redesigned
for war use, as in the case of heavy trucks
and radar.
Although not an absolute guide, the
proportional distribution of an industry's manufacturing activity on combat
materiel and prewar-type products is a
general indicator of the relative amount
of technical or engineering reconversion
that will be required.
In 1944, less than 15 percent of metal
products shipped by private industry were
of peacetime type and available to the
civilian economy. About half of total
shipments were of combat materiel, the
remainder being prewar types of product shipped for military use and in many
instances modified to meet military requirements.
The incidence of expansion for industries by reason of combat materiel production is illustrated in chart 3 in the
case of transportation equipment. On
the other hand, two other producers'
goods industries shown—the two machinery groups—owed their growth not
Chart 5.
Chart 6.—Output of Selected Consumers Metal Products
Industries,
Excluding Government-owned Plants a
.5
BILLIONS OF DOLLARS
1.0
1.5
2.0
INDUSTRY
RADIOS, RADIO TUBES,
AND PHONOGRAPHS
REFRIGERATORS AND
REFRIGERATION MACHINERY
LAUNDRY EQUIPMENT
AND SEWING MACHINES
ELECTRICAL APPLIANCES
D.D. 45 -3!2
1
Both 1939 production and 1944 shipments are based upon the plant classifications in the 1939
Census of Manufactures. The titles for the first and fourth industries are those used in the
Census report. The fuller title given in the Census report for the second industry is "refrigerators,
domestic (mechanical and absorption), refrigeration machinery and equipment, and complete airconditioning units." The third title is a combination of the ''laundry equipment, domestic" and
"sewing machines, domestic and industrial" industries shown in the Census report. These industries
are included in chart 3, the first and fourth in "electrical machinery" and the second and third
in 2"machinery, except electrical."
See chart 7 for the percentage distribution of the 1944 shipments for these industries.
Sources : U. S. Department of Commerce and War Production Board. .
so much to combat materiel production
as to the support they were called upon
to give of their normal production to the
industrial system.
Inspection of table 2, which classifies
all the metal products industries according to the degree of their concentration
on combat materiel production, will con-
utput of Transportation Equipment1 Industries, Excluding
Government-Owned Plants
BILLIONS OF DOLLARS
5
10
INDUSTRY
MOTOR VEHICLES, MOTOR-VEHICLE
BODIES, PARTS AND ACCESSORIES
AIRCRAFT AND PARTS, INCLUDING
AIRCRAFT ENGINES
SHIPBUILDING AND SHIP REPAIRING
RAILROAD EQUIPMENT
939 production and 1944 shipments are based upon the plant classifications in the 1939
iBoth 193
Census of Manufactures. These industries are included in chart 3, the first in "automobiles and
equipment" and the others in "transportation equipment, except automobiles."
automobilei equii
2 See chart 1, footnote 2.
Sources : U. S. Department of Commerce and War Production Board.
June 1045
9
firm the distinction pointed out earlier
relative to the different incidence of war
production in the producers' and consumers' goods industries. As a whole,
the production of combat materiel by the
former has been a relatively small part
of their total shipments; the contrary is
the case for the consumers' durable goods
group. This is illustrated by a comparison of charts 4 and 6.
Producers' Goods Industries
Most of the producers' goods industries shipped from 20 to less than 50
percent of their 1944 production in the
form of combat materiel. For the producers' goods industries as a whole, combat materiel accounted for only one-fifth
of the output. Though military takings
of all their products (combat materiel
and other) exceeded three-fifths of shipments, the amount remaining available
to the civilian economy, largely industrial consumers, measured in dollar value
and not quantity—was 150 percent above
1939 production.
The favorable position of these industries relative to reconversion is further
illustrated by chart 4—the very large
measure of growth and the fact that the
expansion has in all but two cases been
achieved, by enlargement of production
of prewar type goods.
Consumers' Goods Industries
While combat materiel production is
the smaller part of total product for most
of the producers' industries, the opposite
is true for the consumers' group. With
the exception of a few of the industries,
such as the special case of radios, com-
SURVEY OF CURRENT BUSINESS
June 1945
•a
03
.
M
o
03
©
.0
o3 a
c3
g
ao
a o
<
Total consumers' durable industries _._ 21.5
Motor vehicle industry
11.2
Allother
10.3
•P-
Table 3.—Percent of Combat Materiel
Produced by Consumers' Durable
Goods Industries
?l
a
3
O
O
8.6 42.6
§a
16.2
10.6 41.8 13.8
. 8 2.4
8.0
0.3
15.3
. 3 12.3
0
3.0
Source: IT. S. Department of Commerce based upon
data from the War Production Board.
bat materiel comprised 50 percent or
more of shipments (table 2).
The high degree of concentration on
combat materiel production by the consumers' industries followed from the fact
that restrictive actions precluding access
to raw materials or forbidding production prevented continued production of
normal-type products. Hence, facilities
were largely converted to combat materiel production. As will be seen in
chart 6 and the motor vehicle bar of
chart 3, in contrast to the producers'
goods, the wartime expansion was mainly
in terms of combat materiel except in
the case of radios.
Repair parts for maintenance of the
civilian economy comprised a large part
of the prewar products that continued to
be made; the remainder was taken by the
military in a volume much below peacetime levels and frequently considerably
changed to conform to military needs.
Because of the sweeping character of
the change in the products of the consumers' durable goods industries, technical problems of reconversion center in
this group. When combat materiel contracts are terminated, the plants in these
industries will with few exceptions be
forced to retrace the steps taken in conversion. Thus, the machinery and much
of the paraphernalia of combat materiel
production will have to be removed from
their plants and the machinery for
peacetime products retrieved from storage or bought, the flow of parts and
materials reestablished, and marketing
organizations revitalized.
Combat Materiel Production
Although virtually all metal products
industries, both large and small, have
contributed to the supply of combat materiel, the bulk of production was concentrated in a few industries. It has already been noted that more than onethird of all combat materiel was shipped
by Government plants. These plants,
plus the facilities of those industries
which had merely to expland their peacetime production (aircraft, ships and firearms), and of the important automobile
industry, account for four-fifths of combat materiel shipments.
As may be seen in table 4, some of the
industries classified as producers' durable
goods were important contributors of
specific combat materiel items. In very
few cases, however, were such contributions more than 10 percent of the total
products of the combat materiel items in
question. Since these industries need
not prepare for significant changes in
their products they are in a position,
aided by their wartime expansion, to meet
the demands for new equipment of other
converting industries almost as quickly
as military demands for their products
decline.
A few areas of possible difficulty should,
however., be noted. As is apparent in
chart 4, the facilities of the office and
store machinery industry and of certain
kinds of special industry machinery
(printing, food products, and paper)
15
were converted to a very large degree to
the production of combat materiel.
In the case of such industries as professional and scientific instruments,
measuring and dispensing pumps, and
lighting fixtures, the combat materiel
production has been concentrated in specific specialized types. Because these
industries have been major sources of
their special product, their conversion
may present difficulties which may unfavorably affect reconversion elsewhere.
Although a large proportion of the
products of the consumers' durable goods
industries was combat materiel, the aggregate contribution of the total of such
products was only 15 percent.
The percentage of total combat materiel shipments by these industries is
shown in table 3.
Chart 7.—Percentage Distribution of 1944 Shipments
of Selected
Consumers' Metal Products Industries 1
1939 TYPE
OF PRODUCT
•f**ir f l r f t i ^ M f c ^ l n i
NONMILITARY
MILITARY
MUNITION
GUNS AMD FIRE
AIRCRAFT,
EQUIPMENT
EQUIPMENT
^|
SHIPS AND
EQUIPMENT
PERCENT
INDUSTRY
40
60
100
RADIOS, RADIO TUBES, AND
PHONOGRAPHS
HEATING AND COOKING APPARATUS,
EXCEPT ELECTRIC, NOT ELSEWHERE
CLASSIFIED
STOVES, RANGES, WATER HEATERS,
AND HOT-AIR FURNACES
(EXCEPT ELECTRIC)
VITREOUS ENAMELED PRODUCTS,
INCLUDING KITCHEN, HOUSEHOLD,
AND HOSPITAL UTENSILS
REFRIGERATORS AND
REFRIGERATION MACHINERY
MOTOR VEHICLES, MOTORVEHICLE BODIES, PARTS AND
ACCESSORIES
SEWING MACHINES, DOMESTIC AND
INDUSTRIAL
OIL BURNERS, DOMESTIC AND
INDUSTRIAL
ALUMINUM WARE, KITCHEN,
HOSPITAL, AND HOUSEHOLD
(EXCEPT ELECTRICAL APPLIANCES)
LAUNDRY EQUIPMENT, DOMESTIC
D.D.4-5-396
1
Percentage distribution is based upon data for 1944 shipments grouped according to plant
classifications in the 1939 Census of Manufactures. The sixth industry shown in this chart is
specified in the Census report as "refrigerators, domestic (mechanical and absorption), refrigeration
machinery and equipment, and complete air-conditioning units." Where any type of combat materiel
for an industry does not show in this chart, the shipments were less than 1 percent of the total
industry or there were none.
Sources : U. S. Department of Commerce and War Production Board.
SURVEY OF CURRENT BUSINESS
16
ships necessary to assure a balanced distribution of commodities through manufacturing plants.
In the case of producers' durable goods
industries, the relatively small combat
materiel production is of special importance. For these industries the ability to supply the demands of the civilian
economy depends not so much on the
reduction of combat materiel production
as it does on the curtailment of military
demands for the industry's normal production.
War production cutbacks will thus enable these to quickly enlarge shipments
to the civilian industries. How quickly
the industries will be able to supply the
demand for producers' equipment which
is essential to the resumption of a flow of
consumer goods in volume remains a
question.
The consumers' durable goods industries face a different situation. Current
production of peacetime-type goods is a
relatively small part of total production,
whereas that of combat material is a
relatively larger part. Much of civilian
production is restricted to repair parts
and the military takings of peacetime
products which can be expected to continue as long as the Japanese war lasts.
Despite these considerations, however,
the early release of the facilities of these
industries is feasible as a result of the
reductions in aggregate munitions production already announced for the latter
part of the year, because of the relatively
minor share of their contribution in the
total output of combat materiel. Automobiles may provide an exception because of their heavy involvement in combat equipment production. But here,
Because of its major contribution to
four of the five major types of combat
materiel, its position in war production
was unique. In addition to supplying
the largest proportion of combat vehicles,
it was the second largest producer of
ammunition.
In addition, military takings of prewar-type products include such items as
heavy-heavy trucks. These differ in
form from peacetime products in sufficiently large degree to require substantial changes in production equipment
when such facilities are reconverted to
peacetime-type products.
For these reasons the timing of reconversion is more difficult in the automobile
industry than in any other. The importance of the industry in the production
of most types of combat materiel suggests
that substantial cut-backs are required to
release its facilities to a degree permitting volume production of civilian
vehicles.
The situation of the radio industry also
calls for special comment. Its experience, both in degree of expansion and in
the character of product, distinguishes
it from the other consumers' goods industries. Its growth exceeded that of
any other industry in its classification.
Its wartime experience has thus been
very similar to that of the prewar aircraft and shipbuilding industries.
Conclusion
The progress of reconversion will be
tied not so much to the availability of
facilities as it will be to the supply of raw
materials, and of essential production
equipment, and, importantly, to the speed
of reestablishing those business relation-
Ships and ship
equipment
38.4 39.4 11.0 35.4 48.1 36.0 59.2 24.3 25 5 53 4
Government plants
1
33.0 26.8 15.5
Aircraft and parts
Communication equipment
Electrical generating and dis10.5
tributing machinery.
19.1
Firearms
Industrial machinery, n. e. c.
Insulated wire and cable
8.9
5.3
Lighting fixtures
Machine shop products, n. e. c . .
Mechanical power and transmission
15 1
18.8 6.6
41.8 10.2 24.6
Motor vehicles and parts .
22.3
6.0 5.3
Office and store machinery
7 2
9.1
Photographic apparatus
. . . ._
Professional and scientific in22.7
28.2
struments
Pumping equipment and air
5.8
compressors
Radio, radio tubes and phonographs
Refrigeration and refrigerating
16.7 7.7
machinery
Shipbuilding and repair
41 3
61.7 26.3 37.0 23.6 41.4 22.8 8.7 12.6 8.6 45.7 30.2 5.3
All others
Total
1
§§
s
a
3
w
18.7 11.5
26.5
23 2
4.6
5.5
8.7
5.5
51
7.6
36 8
42.8
32.4 62 0 12 7
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100 0 100 0 100.0 100.0 100 0 100 0
Only industries providing 5 percent or more of designated combat materiel items are listed.
Sources: U. S. Department of Commerce based upon data from the War Production Board.
Instruments
Vessels
Instruments
03
Accessories
Propeller and parts
Engines and parts
Aircraft and parts
Aircraft, parts and
equipment
Combat vehicles
Fire control
Machine guns 20
mm. and below
Guns and mounts,
20 mm. and above
Below 20 mm.
Guns and fire
control
P>
to | 20 mm. and above,
^ j including bombs
Ammunition
Communication equipment
Table 4.—Percentage of Combat Materi el Produced jj Selected Industries l
June 1945
too, the announced cut-backs in munitions will provide a significant amount of
free facilities.
With that exception, the immediate
objective of reconversion—volume production of civilian goods—is therefore
possible concurrently with the vigorous
and successful prosecution of the Japanese war. The speed with which these
industries will find it possible to resume
peacetime output will depend on the
problems they face in clearing the plants
of specialized equipment of no value in
the production of civilian products, their
ability to secure needed equipment, the
flow of raw materials, and component
parts, and the incidence of cut-backs so
as to release first facilities best adapted
to certain output.
It is of importance that this lapse of
time be reduced to a minimum, not only
because of the needs of the civilian economy for many of these items, and the desirability of easing inflation control problems, but because the attainment of a
substantial degree of reconversion will
significantly assist in the reconstruction
tasks once the Japanese acceptance of the
fact of defeat no longer makes necessary
large military expenditures.
The dominant position of the automobile industry in the group is of special
importance. It accounted for fourfifths of the combat materiel produced
by the consumers' goods industries and
the largest contributor of every type.
Excluding automobiles the consumers'
durable goods industries produced only
3 percent of combat materiel. Aside
from the automobile industry, the most
important contribution made by the industries to total shipments was of ammunition and guns and fire control
equipment (table 3 and chart 7). The
aircraft equipment produced by these industries comprised less than 3 percent
of the total of such production while the
contribution made to ships and combat
vehicles was very small.
Although the consumers' goods industries thus contributed to all types of
combat materiel, the adaptability of its
facilities resulted in wide differences
among the individual industries in their
concentration upon specific items.
As may be seen in the chart, ammunition was the predominant combat product of four of the industries shown, although it was produced by all but the
radio industry. Aircraft equipment was
produced by nine of the industries and
was the most important for three. Only
in the case of aircraft propellers did any
one of these industries contribute a substantial part of total shipments of these
classes. Clearly small cutbacks in such
an item as ammunition might serve to
release entire industries from its production.
The situation of the automobile industry is of special interest because of
the importance of the industry both ta
the war production program and to the
civilian economy. It was the largest producer of combat materiel among the
civilian industries aside from aircraft and
shipbuilding (table 4).
June 1945
SURVEY OF CURRENT BUSINESS
17
Revised Estimates of Wages and Salaries in the
National Income, 1929-43
By Edward F. Denison
HE BUREAU OF FOREIGN AND
DOMESTIC COMMERCE is engaged
in a basic revision of its estimates of the
national income and related series that
involves reconsideration of definitions,
complete reworking of the statistical
data, and adoption of an improved industrial classification.
This article Is limited to presentation
of revised estimates of wages and salaries in private industry, together with
the usual corresponding estimates of
average annual earnings of full-time
employees and full-time equivalent employment. Revised estimates for the
other income shares will be published as
soon as they are completed.
The revision of wages and salaries in
private industry includes no important
changes in definition. It does, however,
involve minor reclassifications from private wages and salaries to Government
wages and salaries and to net income of
unincorporated enterprises.
With these exceptions, the differences
between the present and earlier estimates of the private-industry total are
statistical in origin. For industrial divisions and minor industries, however,
differences between the present and
earlier estimates reflect in varying degree changes in industrial classification
as well as statistical revisions.
Comparable estimates of pay rolls, employment, and average annual earnings
classified in considerable industrial detail covering the economically heterogeneous period from 1929 to 1943 are of
obvious value to the economic analyst
and businessman.
Data shown in tables 2-4 trace the
rapid growth of such industries as air
transportation and radio broadcasting
and the declining relative importance of
anthracite mining, brokerage, and (until the war) the railroads. They reflect
the varying impact upon 64 industries of
prosperity and depression and of the
transition from peace to war. When
later supplemented by similar estimates
for other segments of the national income these data will provide a comprehensive statistical summary of the industrial history of the period.
Definition of Wages and Salaries
Wages and salaries, as defined for
this purpose, include all payments accruing to persons in an employee status
as compensation for their work. They
include commissions, tips, and bonuses,
as well as cash payments commonly referred to as wages or salaries, together
with the value of those payments in kind
T
NOTE.—Mr. Denison is a member of the National Income Unit, Bureau of Foreign and
Domestic Commerce.
643587—45
3
which clearly represent an addition to
the income of the recipient.
Income in kind is valued, insofar as is
possible, at its cost to the employer. Industries in which it is a perceptible portion of wages and salaries include
farming, eating and drinking places,
water transportation, hotels and other
lodging places, private households, educational services, and religious organizations.
The wage-and-salary series presented
here does not include all types of employee income. Dismissal pay, directors'
fees, employer contributions to social insurance funds and to private pension
plans, and accident compensation payments are among the types of income accruing to employees in private industry
which are not included but will be
measured in the Bureau's revised series
on "Supplements to Wages and Salaries."
This constitutes a distinct component of
the national income.
The present estimates of wages and
salaries in private industry are a component of national income and should
be distinguished conceptually from the
series included in the Bureau's estimates
of income payments to individuals. The
latter series is measured after deduction
of employee contributions to social insurance funds.
The distinction between employees,
whose compensation is included in wages
and salaries, and independent proprietors, whose income is counted in net income of unincorporated enterprises, is
usually clear cut, although there are the
following marginal cases for which specific decisions are required.
1. Wages and salaries in the construction industry are confined to the earnings of persons employed by establishments. All ''own account" workers, as
well as proprietors of establishments, are
classified as proprietors, and their income will be counted in the net income
of unincorporated enterprises. This
treatment differs from that previously
followed. "Own account" workers in
construction represented a large portion
of the employment and pay rolls listed
in the former "Miscellaneous" industry.
2. "Office solicitors" in insurance will
be classed as proprietors in the "Insurance agencies and combination offices"
industry. These persons previously were
counted as employees in the former "Insurance" industry.
3. Dressmakers and seamstresses operating in or from their own home are
treated as proprietors, not employees.
4. Express agency commission agents
are classed as employees in "Railroads."
Full-Time Equivalent Employment
Full-time equivalent
employment
measures man-years of full-time employment. The latter is defined simply in
terms of the number of hours which is
customary at a particular time and place.
It may mean 30 hours in one industry
and 60 in another, or, in the same plant,
30 hours in 1932 and 55 in 1943. It does
not refer to any hypothetical "standard"
of hours, uniform over time and space.
If all employees worked full time, fulltime equivalent employment could be
measured by averaging the number of
persons at work on a sufficient number
of representative dates throughout the
year. Even -though there are many parttime workers, a series so constructed has
some uses, particularly in measuring the
total number of filled jobs. Estimates on
this basis are presented for the years 1939
to 1943 in table 6, at the end of the article. In most industries, the figures
shown in table 6 are simply the average
of 12 monthly figures for the number on
the pay roll in the last pay-roll period of
each month.
In many industries part-time employment is of sufficiently minor importance
for the average number of persons at
work on given dates or in given pay-roll
periods, as shown in table 6, to furnish
an acceptable measure of full-time equivalent employment. These figures are
used directly as measures of full-time
equivalent employment in manufacturing, mining, construction, farming, most
of communications and public utilities,
and a number of industry subgroups
within industry divisions.
In industries other than this group,
however, part-time employment is so
prevalent that the simple average of the
number of persons at work gives a misleading picture of employment in the industry. Moreover, if this average is used
as a divisor in obtaining average annual
earnings, the result seriously understates
the earnings of full-time employees and
invalidates interindustry comparisons.
For industries having an appreciable
degree of part-time employment, the
average number of persons at work during the year is adjusted to reduce the
number of part-time employees to the
equivalent number of full-time employees. Statistically, the calculation is performed in the following manner when
the requisite data are available.
Annual total wages and salaries paid
to full-time employees in an industry
are divided by the average number of
full-time employees on the pay roll to
secure average full-time equivalent earnings. Division of total wages and salaries
paid to both full-time and part-time
employees by average full-time equivalent earnings yields full-time equivalent
employment.
This procedure involves the assumption that the hourly earnings of parttime workers are equal to those of fulltime workers in the same industry. Even
18
if this assumption is substantially incorrect, the aggregate earnings of parttime employees usually are so small that
no significant error can arise.
A more important limitation of the
data is the infrequency with which separate data on full-time and part-time
employment and pay rolls necessary for
this computation are available. In most
industries it has been necessary to hold
the ratio of full-time equivalent employment to average monthly employment
constant from 1939 to 1943. It may be
noted, however, that this ratio changed
little during the period of wide cyclical
fluctuation from 1929 to 1939, and it is
unlikely that it changed markedly even
over the war period.
This type of adjustment of average
monthly employment has been made in
wholesale and retail trade, in most of the
transportation, finance, and service industries, in agricultural services, and in
radio broadcasting.
Estimates of full-time equivalent employment cover only wage and salary
earners. They do not include proprietors, own account workers, or unpaid
family workers. Tables in the present
article also exclude all Government employees.
The definition of full-time equivalent
employment, as the term is used here,
is the same as that attached to employment estimates of the Bureau of Foreign
and Domestic Commerce published periodically as part of its national income
studies from 1933 to 1942, and to estimates of the National Bureau of Economic Research. It is thought to furnish the best available measure for comparison of the volume of employment in
different industries and between different time periods.
Average Annual Earnings
The principal reason for preparing estimates of full-time equivalent employment in connection with national income
studies is to make possible the calculation of a meaningful average annual
earnings series.
"Average annual earnings per fulltime employee" measures wage-and-salary income per man year of full-time
work. The principal usefulness of data
conforming to this concept lies in interindustry comparisons of earnings levels,
in inter-temporal comparisons of the
earnings of employed persons, and in the
analysis of the effects of shifts in the
industrial composition of employment on
the income stream. In conjunction with
related information, they are useful also
in the appraisal of the economic position
of employees.
The limitation of such average earnings data for ''welfare" analysis must,
however, be emphasized. They reflect
the earnings of all occupational groups,
from corporation executives to charwomen. Statistical data required for
the compilation of full-time average annual earnings cross-classified by industry
and occupation are not available. Further, the estimates are not intended to
reflect loss of income due to unemployment. Because of unemployment, actual annual earnings of all workers
attached to an industry (or to all indus
SURVEY OF CURRENT BUSINESS
June 1945
Table 1.—Industrial Classification for Revised Estimates of the National Income ]
Industrial content in terms of theIndustrial division or industry 2
andard Industrial
Classification
Agriculture, forestry and fisheries
Farms
Agricultural and similar service establishments-..
Forestry
Fisheries
Mining
Metal mining
Anthracite mining
Bituminous and other soft-coal mining
Crude petroleum and natural-gas production
Nonmetallic mining and quarrying
Contract construction
Manufacturing
Food and kindred uroducts
Tobacco manufactures
Textile-mill products
Apparel and other finished fabric products
Lumber and timber basic products
Furniture and finished lumber products
Paper and allied products
Printing, publishing and allied industries
Chemicals and allied products
Products of petroleum and coal
Rubber products
Leather and leather products
Stone, clay, and glass products
Iron and steel and their products, inch ordnance
Nonferrous metals and their products
Machinery (exc. electrical)
.
Electrical machinery
Transportation equipment (exc. automobile)
Automobiles and automobile equipment
Miscellaneous manufacturing industries
Wholesale and retail trade
Wholesale trade
Retail trade and automobile services
Finance, insurance, and real estate
Banking
Security and commodity brokers, dealers and exchanges.
Finance, not elsewhere classified
Insurance carriers
Insurance agents and combination offices
Real estate
Transportation
Railroads
Local railways and bus line
Highway passenger transportation, n. e. c
Highway freight transportation and warehousing
Water transportation
Air transportation (common carrier)
Pipe-line transportation
Services allied to transportation
Communication and public utilities
Telephone, telegraph and related service
Radio broadcasting and television
Utilities: electric and gas__
.
Local utilities and public services, n. e. c
Services
Hotels and other lodging places
Personal services
Private households
Commercial and trade, schools and employment
agencies.
Business services, not elsewhere classified
Miscellaenous repair service and hand trade
Motion pictures
Amusement and recreation except motion picture
Medical and other health services
Legal services
Engineering and other professional services, n. e. c.-_
Educational services, n. e. c
Religious organizations
Nonprofit membership organizations, n . e. c
Government2
01 to 09 3
01 to 0607 s
09
10 to 14..
10
11
12
13
14
16 and 17
19 to 39
20
21
22
23
24
25
.
26
27
28
.
29
30
31 .
32
19 and 33
34
35
36
37 _ _
38
39
40 to 61, and 88
40 to 47
48 to 61, and 88
62 to 70 (exc. 707) ..
62
66
63, 64, 65, and 67
68
695
70 (except 707)
72 to 80
72
73 and 741
742, 743 and 749
75 and 79
76 (except 766)
771
78
744, 766, 772, 773 and 80
81 to 83
81 (except 813)
813
821 and 822
823 and 83 3
84 to 96 (except 88) and 707.
84 (except 8442)..
85
:
86
874, 953 and 954 _
87 (except 874) 707 and 942, _
90
91
92
93
941 and 949
95 (except 953 and 954)
966
96 (except 966) and 8442
Social Security Board
Classification
01 to 09.
01.
07.
08.
09.
10 to 14.
10.
11.
12.
13.
14.
15 to 17.
19 to 39.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
19 and 33.
35.
37.
36.
34.
38.
39.
50 to 59, and 75.
50 and 51.
53 to 59, and 75.4
60 to 67 (exc. 654).
60.
61.
62 and 67.
63.
64 and 66.
65 (except 654).
40 to 45.
40.
41.
431, 433 and 439.
42.
44.
432.
434.
45.
46 to 49, and 736.
46.
736.
48.
49.
70 to 90 (except 75 and 736)
and 654.
70 (except 7042).
72.
90.
74.
73 (except 736), 807 and 654.
76.
78.
79.
80.
81.
831 and 839.
82.
832.
86, 833 and 7042.
94 and 95.
1 Numbers refer to the code numbers of industries in the Standard Industrial Classification Manual (Government
Printing
Office, 1942) and the Social Security Board Industrial Classification Code (Social Security Board, 1942).
2
All establishments operated by Government agencies or corporations are classified in the Government industry,
regardless
of their classification in the two codes with which comparison is made.
3
Irrigation system operation is classified in "Local utilities and public services, n. e. c."
4
Industry
52 is divided between wholesale trade and retail trade.
5
In national income classification, includes insurance agents, brokers and services, and establishments regularly
engaged in any combination of real estate, insurance, loans, or legal activities when none of these activities alone constitutes the principal business of the establishment.
Source: IT. S. Department of Commerce.
tries) always fall below the full-time annual earnings shown for the industry (or
for all industries) and fluctuate more
over the course of the business cycle.
The incidence of unemployment also
varies widely among industries. Finally,
full-time average earnings are measured
in "current" dollars, hence do not take
into account price-level changes.
The estimates of wages and salaries,
employment, and full-time average
annual earnings are based on the same
sources and are statistically comparable
in every respect.
The present estimates of full-time
average earnings, like those of full-time
equivalent employment, are comparable
in definition to similar estimates pub-
SURVEY OF CURRENT BUSINESS
June 1945
lished by the Bureau of Foreign and
Domestic Commerce from 1933 to 1942,
and by the National Bureau of Economic
Research. They differ, however, from
the tentative estimates of "average
salary-wage per employee" published by
the Bureau for the past 2 years. The
latter were based on employment estimates which adjusted part-time em-
ployment to full-time equivalence only
in the "Service" industry.
Industry Classification
The industrial classification used in
this article will be followed in the presentation of all income shares in the
forthcoming revised estimates of the national income.
19
All Government-operated establishments are classified in the "Government"
industry division, regardless of the nature
of their activity. This procedure is dictated by the necessity of securing comparable data for different income shares.
It is common to most statistical compilations, although it differs from the Standard Industrial Classification, formulated by the Bureau of the Budget.
Table 2.—Wages and Salaries in Private Industries, 1929-43
[Millions of dollars]
Industrial division or industry
All private industries, total-
1929
1930
1933
1931
45, 206 40, 720 33,607
1934
25, 297 23, 660 27,420
1,274
1,416
Agriculture, forestry and fisheries
884
1,156
1,284
Farms
71
67
Agricultural and similar service establishments.
69
13
17
Forestry
21
21
34
42
Fisheries
1,327
993
Mining
1, 515
102
166
Metal mining
200
205
261
252
Anthracite mining
380
609
506
Bituminous and other soft-coal mining
223
321
Crude-petroleum and natural-gas production.
293
83
124
N onmetallic mining and quarrying
110
Contract construction
1,477
2,484 2,085
Manufacturing
16,092 13,850 10, 810
Food and kindred products
1, 519 1,326
1,565
109
Tobacco manufactures
131
142
1,065
Textile-mill products
1,200
1,458
781
913
Apparel and other finished fabric products
1,051
306
542
Lumber and timber basic products
708
384
Furniture and finished lumber products
611
486
Paper and allied products
351
412
430
1,065
Printing, publishing, and allied industries
1.241
1,236
621
529
Chemicals and allied products
664
190
Products of petroleum and coal
238
236
167
Rubber products
222
281
Leather and leather products
363
491
418
Stone, clay, and glass products
384
526
618
Iron and steel and their products, including
ordnance
1,208
2,117 1,791
Nonferrous metals and their products
418
323
541
Machinery (except electrical)
1,396
1,173
774
Electrical machinery
713
485
Transportation equipment (except automobiles)
254
262
167
Automobiles and automobile equipment
633
512
979
Miscellaneous manufacturing industries
321
399
447
708
626
58
11
13
683
53
151
259
168
52
823
7,678
1,096
85
768
558
177
251
273
837
413
157
131
291
238
642
569
50
10
13
686
52
132
279
177
46
611
7, 827
1,131
74
896
569
199
251
279
718
421
149
141
304
227
717
206
489
286
Wholesale and retail trade
Wholesale trade
Retail trade and automobile services
9,293
3,127
6,166
Finance, insurance, and real estate
Banking
Security and commodity brokers, dealers, and
exchanges
Finance, not elsewhere classified
Insurance carriers
Insurance agents and combination offices
Real estate
1935
1936
29, 984 33,866
1937
38,432
1940
14, 564 37, 519 41,130
1943
51, 537 65, 554
78,8S5
1,134
955
1,086
1,323
1,097
1,718
1,108
1,022
872
982
995
1,566
1,000
1,197
51
75
69
67
70
79
96
11
14
11
12
10
11
14
21
23
24
23
28
36
42
1,133
1,305
1,
287
1,768
1,101
1,137
1,540
127
194
270
138
156
190
232
138
136
156
117
124
135
118
504
550
823
437
678
456
542
333
354
287
333
363
315
336
92
165
77
76
132
86
101
1,383
1,300
1,546
1,259
1,709
2,889
4, 669
12, 410 14, 571 11, 837 13, 585 15, 584 21,714 30, 922
1,492
1, 652 1,552
1,612
1, 694 1, 918 2, 285
89
98
104
98
115
119
94
1,159
1, 255 1,011
1,167
1, 208 1,603
1,922
840
864
926
938
1,209
1,436
808
378
442
412
467
625
762
374
391
447
437
i 672
470
600
377
394
456
444
703
490
622
409
943
1,040
991
1,002
1,094
1,076
981
572
672
667
808
1,098
1,
663
621
202
242
250
295
355
441
244
209
235
223
247
336
400
185
375
407
386
382
583
507
359
400
483
466
514
772
673
404
1,659
2,095
1,789
1,394
2,187 3,156 4,475
377
467
432
1,028
359
748
523
1,029
3,584
1,339
960
1,111
2,331
1,436
1,732
745
539
637
1,165
768
2,097
1,928
103
16
50
1,986
309
178
918
409
172
3,941
40,904
2,643
146
2,056
1,713
848
735
816
1,189
7,202
522
555
622
837
804
206
494
302
707
635
43
12
17
911
68
159
388
240
56
759
9,643
1,325
84
1,006
690
253
274
332
809
495
174
176
351
285
1,069
266
679
409
834
749
55
11
19
969
88
140
424
257
60
889
10,829
1,386
84
1,108
780
300
325
357
866
525
192
182
367
329
1,290
318
822
461
117
369
219
93
351
218
133
569
264
145
691
301
205
787
340
276
970
386
224
600
344
310
823
401
531
1, 050
472
6,617
2,190
4,427
7,222
2,370
4,852
8,162
2,673
5,489
7,990
2,664
5,326
8,366
2,791
5,575
9,010
2,982
6,028
1,971
507
205
190
548
188
333
2,143
522
250
215
578
203
375
2,307
547
2,229
555
2,287
567
2,359
581
253
233
629
217
428
191
208
637
220
418
174
206
664
224
452
1,831
306
94
3,237
2,058
323
104
3,549
2,219
338
115
3,179
1,962
313
115
6,489
1,311
4,164
2,368
4, 713
1, 656
9,753
968
1,142
10, 322 10, 822
3,492 3,674
6, 830 7,148
12,010
3,908
8,102
2,498
611
2,603
660
2,753
700
165
222
687
223
481
152
246
731
237
521
127
246
768
259
543
151
228
793
284
597
3,429
2,091
313
120
3,635
2,207
289
132
4, 261
2,615
289
162
5,253
3,279
341
243
6,553
3,953
421
338
1, 458
1,469
650
2,944
5,715
7,562
2,537
5,025
5,897
1,980
3,917
5,280
1, 743
3,537
6,107
2,018
4,089
2,796
758
406
242
690
237
2,621
716
2,357
649
2,006
565
1,822
485
502
319
234
698
229
425
265
212
365
234
186
553
185
283
244
170
498
164
261
233
176
517
178
302
Transportation
Railroads
Local railways and bus lines
Highway passenger transportation, n. e. c
Highway freight transportation and warehousing
Water transportation
Air transportation (common carriers)
Pipe-line transportation
Services allied to transportation
4,719
3,226
482
173
4,237
2,849
452
162
3,531
2,334
401
133
2,656
1,688
328
101
2,455
1,560
283
85
2,660
1,689
296
327
213
5
48
245
316
193
9
42
214
166
13
38
157
257
135
14
29
104
252
143
14
29
280
153
14
34
105
321
161
17
36
118
356
195
22
40
139
407
232
26
47
165
393
174
29
45
148
441
218
34
43
169
234
43
45
187
613
267
55
50
210
738
293
77
57
225
855
471
113
68
334
Communication and public utilities
Telephone, telegraph, and related services
Radio broadcasting and television
Utilities: electric and gas
Local utilities and public services, n. e. c
1,520
740
10
739
31
1,543
739
15
758
31
1,408
659
21
699
29
1,191
550
24
592
25
1, 059
477
21
539
22
1,139
507
25
583
24
1,193
518
27
623
25
1,294
558
34
675
27
1,438
625
42
745
26
1,443
632
46
740
25
1, 469
643
52
747
27
1,543
660
59
795
29
1,681
735
67
849
1,779
813
72
861
33
1, 887
920
82
852
33
5,124
407
727
1, 373
4,480
341
643
1,060
3, 655
256
523
772
3,278
217
456
678
3,586
270
497
3,798
287
526
4,172
313
576
943
4, 583
351
633
1,100
4,429
353
611
947
4,614
361
617
1,040
4,895
376
690
1,129
5,309
399
774
1,168
6,020
425
896
1,342
6,754
499
1,089
1,394
-32
379
104
311
26
318
96
305
18
267
82
239
15
249
72
225
17
300
75
249
21
330
25
392
83
311
29
409
88
349
27
403
90
332
424
93
339
26
436
90
339
44
487
121
371
87
504
142
410
127
561
209
460
298
390
131
255
371
132
190
333
126
160
305
118
175
311
116
179
336
121
202
373
126
231
415
133
207
447
135
221
457
139
142
256
530
148
266
613
150
152
75
303
319
275
55
307
304
267
36
298
276
239
34
277
251
221
37
275
247
229
40
279
247
226
51
288
250
239
55
304
257
229
63
318
262
234
73
327
265
232
78
335
267
263
119
343
263
286
207
358
267
353
194
388
278
434
Services
5,371
Hotels and other lodging places
425
Personal services
752
Private households
1,587
Commercial and trade schools and employment agencies
33
Business services, not elsewhere classified
367
Miscellaneous repair services and hand trades.
107
Motion pictures
Amusement and recreation except motion
322
pictures
Medical and other health services
383
Legal services
124
Engineering and other professional services,
81
n. e. c
294
Educational services, n. e. c
319
Religious organizations
269
Nonprofit membership organizations, n. e. c_.
i The industrial detail of the manufacturing industries in 1942 is not entirely satisfactory. Not all establishments were reclassified promptly when their principal product
changed as a result of conversion to war production. In particular, it appears that pay rolls in automobiles and automobile equipment are too high, and pay rolls for transportation
equipment
(except automobiles) too low. The other metals industries, furniture and finished lumber products, and miscellaneous manufacturing industries, are also affected to an
unknown extent.
Source: U. S. Department of Commerce.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
20
City transportation system. Again, production carried on in Federal arsenals
and shipyards is not included in the data
for manufacturing.
With the exception of the treatment of
government, the attempt was made to
follow the Standard Industrial Classification, and all departures from that
classification were dictated by the nature
This aspect of the classification should
be considered in use of the data in tables
2 to 4, since they reflect transfers between private and government operations. The employment drop shown between 1939 and 1941 for ''Local railways
and bus lines," for example, is the result
of the transfer from private to municipal operation of much of the New York
June 1945
of available statistical information.
Aside from the breakdown of "Transportation, communication and public utilities" into two industry divisions, the division totals differ from those of the
Standard Industrial Classification only
by these classifications: Automobile repair services in "Wholesale and retail
trade" instead of "Service industries".
Table 3.—Number of Full-tone Equivalent Employees in Private Industries, 1929-43
[Thousands]
Industrial division or industry
All private industries, total
griculture, forestry, and fisheries
Farms
Agricultural and similar service establishments
Forestry
Fisheries
Mining
Metal mining
Anthracite mining
Bituminous and other soft-coal mining
Crude petroleum and natural gas production..
Nonmetallic mining and quarrying
Contract construction..
1932
3,110
2,984
2,970
2,850
49
52
25
48
49
23
993
124
151
471
159
932
107
144
452
148
81
1,484
1934
1935
2,809
2, 690
2, 607
2, 498
52 | 46
45
42
22
21
2, 539
2, 433
672
50
104
358
105
55
693
50
92
373
124
54
813
79
128
418
118
70
43 !
42 !
21 I
!
I
i
1
!
1936
1937 i
1938 1939
2, 451
2, 346
2, 539
2, 429
37
46
22
45
43
22
822 j
60 I
106
431 I
163
62
840
71
99
443
165
62
2,664 : 2,759 | 2,734
2,561 | 2,631 ! 2,620
42 !
60 ;
38 |
45 i
23 !
23 |
897 !
92
98
457
180
70
955
119
98
470
192
76
2,698
2,595
24 I
859 i
95
89 i
416
192
67
I
832
103
88
381
187 i
73 !
1,366
1,198
907
9,309
1,020
133
1,095
722
469
371
277
617
377
125
142
344
345
7,895
914
120
1,025
672
303
321
250
548
329
105
120
315
277
6,678
841
108
907
593
225
261
226
481
291
97
110
300
204
7,204
939
102
1, 081
632
270
279
244
449
321
99
124
320
212
8, 364
1, 085
112
1,139
699
320
289
280
492
369
115
141
345
262
8,904
1,106
108
1,196
768
360
329
289
510
379
121
134
352
281
866 | 1,104 j 1,082 |
I
9,645 10, 591
1,157
223
109
111 I
1,218
263 ;
829
843 i
415
459 !
364
398 !
300
325 |
554
604
393
431
124
132
142
154
359
375 i
317
356 !
9,131
1,166
108
1,092
807
398
342
301
578
383
131
127
353
310
S 9,967
I 1,175
I 107
| 1,215
| 903
| 431
384
314
577
414
135
146
372
343
1,092
269
671
430
147
403
260
857
222
509
332
105
352
219
175
373
242
80
299
178
182
392
251
71
300
187
917
220
505
319
101
433
221
996
249
577
338
105
464
242
1,026
256
626
353
141
363
270
1,155
284
661
398
186
467
300
703 | 806
1940
28,665 ! 30,646 ! 28,417 | 29,895 31,712
26,698 ! 23,289 | 23,215 | 25,486
32,101
Manufacturing
10, 428
Food and kindred products
1,041
Tobacco manufactures
145
Textile-mill products
1,262
Apparel and other finished fabric products
772
Lumber and timber basic products
604
Furniture and finished lumber products
437
Paper and allied products
284
Printing, publishing, and allied industries
615
Chemicals and allied products
397
Products of petroleum and coal
128
Rubber products
176
Leather and leather products
370
397
Stone, clay, and glass products
Iron and steel and their products, including
ordnance
1,217
Nonferrous metals and their products
325
Machinery (except electrical)
764
Electrical machinery
519
150
Transportation equipment (exc. automobile)-.
540
Automobiles and automobile equipment
285
Miscellaneous manufacturing industries
1933
1,147
277
664
385
137
492
262
1,317
313
791
461
171
580
284
1,055
1,219
1941
1942 I
1943
35, 250 37, 817
2, 668
2, 566
54
24
24
927
118
91 |
439 I
196 |
83
2, 632
2, 532
54
22
24
975
131
92 |
452 |
204
96
2,649
2, 542
60
23
24
985
132
89
480
183
101
1,285 1, 764 2,129
10, 882 13,137 I 15,282 I
1, 223 1,303 I 1,385
104
96 |
103
1,223
1, 383 1,387 |
918
1, 043 1,079
500
633
609
406
460
1444
336
378
380
568
581
£55
469
580
781
151
168
183
156
189
189
367
410
403
369
433
436
1,331
328
792
455
301
543
342
1,641 •• 1, 9 5 9
410
i 460
1.087 ' 1, 363
607
i 757
675 I i 1, 749
665 ! i 575
422
i 468
6,129
4,448
4,958 5,164
5,890
6,479
6,922 | 6,740 '
5, 561 6,017
6,820 5,523 5, 052 4,473
Wholesale and retail trade
1,574
1,133
1,258
1,514
1,626
1,393
1,131
1,247
1,279
1,725
1,650
Wholesale trade
1,374
1,513
1,445
4,555
3,794
4,376
4,853
3,340
Retail trade and automobile services
3,317
3,711
4,504
5,197
5,090
3,885
4,187
4, 375 4,130
1, 265 1,299
1,145
1,384
1,182
1,345
1,358
1,310
1, 250 1,189
1,167
1,227
1,268
Finance, insurance and real estate
1,338
311
345
284
296
Banking
..
375
276
309
319
281
285
286
288
277
385
Security, commodity brokers, dealers and
62
68
80
74
58
41
103
83
85
50
exchanges
83
128
98
102
104
114
106
108
113
114
116
Finance, not elsewhere classified
130
120
105
128
108
337
353
273
319
357
278
285
305
Insurance carriers
281
283
267
290
288
348
120
113
119
120
112
115
117
Insurance agents and combination offices
120
119
117
112
122
114
118
421
435
364
395
288
373
Real estate
294
295
289
326
294
348
420
2,072
2,632
1,934 1,841
1,990
2,411
2,280
2,046
2,257
Transportation
2,874
1,933
1,910
2,159
1,897
1,114
1,429
Railroads
1,405
1,155 1,084
1,113
1,194
1,160
1,285
1,845
1,659
1,122
1,251
1,061
184
Local railways and buslines
202
169
239
214
199
204
170
161
263
201
280
207
187
92
92
Highway passenger transportation, n. e. c
124
117
109 j 103
94
100
124
93
110
130
94
93
Highway freight transportation and warehousing
235
218 ; 215
321
252
249
270
290
268
289
232
254
Water transportation
144
144
142 I
159
130 ! 135 ! 145
140
107
142
167
148
151
134
Air transportation (common carriers)
24
4
5
19
34
15
6 !
6 1
10
3
6
8
12
13
Pipe-line transportation
24
25
21
23 I
22
17 ; 20
25
25
24
22
23
26
23
137
133
Services allied to transportation
114
85 i
79
109
172
89
93
129
116
133
150
1,031
952
Communication and public utilities
828
784
803 | 850
898 j 862
868
898
930
799
946
1, 031
524
Telephone, telegraph and related services
412
383
376 j 393
422 i 400
402
410
459
379
474
534
450
Radio broadcasting and television
18
21
8
9
8
13
23
27
4!
11
15
6
26
423
423
Utilities: electric and gas
384
371
392
443
423
386
418
437
465
473 | 437
454
Local utilities and public services, n. e. c
23
22
22
22
22
26
23
24
21
28
28 1
21
22
Services
4,724 4,893
5, 023 4,844 4,471
4, 001
3. 858 4,209
4,376
4,917
5,156
5, 227
5,317
4,671
Hotels and other lodging places
377
373
331
282
' 266
313
327
349
373
389
403
403
387
371
Personal services
612
549
613
616
566
525 I 513
575
647
677
7?4
766
617
606
Private households
1,891
1,731
2, 051 1,871
2,000
2,120
1,619 1,535
1, 810 1,936
2,020
1,980
•> 263 2,113
Commercial and trade schools and employment agencies
12
18
11
12
18
16
24
16
15
19
17
20
17
40
232
Business services, not elsewhere classified
212
234
219
146
149
156
181
246
168
164
238
182
215
Miscellaneous repair services and hand trades..
58
56
56
57
56 | 56
58
63
59
58
65
56
57
Motion pictures
122
172
174
140
119
135
184
171
142
143
193
148
177
Amusement and recreation, except motion
182
173
253
2?, 5
205
164
163
202
pictures
156
186
147
150
204
135
474
498
504
Medical and other health services
439
559
405
385
406
530
595
389
414
419
377
112
Legal services
116
104
105
I
108
117
115
99
100
116
90
94
100
101
Engineering and other professional services,
35
21
37
21
33
37
41
29
23
25
29
53
78
31
n. e. c
233
259
233
234
240
244
265
270
271
232
251
267
Educational services, n. e. c
224
228
189
194
192
191
190
188
190
195
188
190
Religious organizations
197
193
198
199
144
147
152
142
161
141
144
Nonprofit membership organizations, n. e. c
146
157
157
180
153
159
147
1
The industrial detail of the manufacturing industries in 1942 is not entirely satisfactory. Not all establishments were reclassified promptly when their principal product changed
as a result of conversion to war production. In particular, it appears that employment in automobiles and automobile equipment is too high, and employment for transportation
equipment (except automobiles) too low. The other metals industries, furniture and finished lumber products, and miscellaneous manufacturing industries, are also affected to an
unknown extent.
Source: U. S, Department of Commerce.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
June 1945
trade" instead of "Service industries,"
dustries" instead of "Finance, insurance,
and real estate;" and irrigation system
operation in "Communication and public utilities" instead of "Agriculture, forestry and fisheries."
The individual industries differ more
widely from the Standard Industrial
Classification 2-digit definitions, but even
here it has been found feasible to approximate that classification rather
closely.
The national income classification is
fully defined in table 1 in terms of both
the Standard Industrial Classification
and the Social Security Board Industrial
Classification Code. The latter is used
by the Board in tabulation of its wage
and employment data, upon which heavy
reliance was placed in the compilation
of the Bureau of Foreign and Domestic
Commerce series.
The new classification differs markedly from that previously used in the
21
presentation of national income data.
The old "Miscellaneous" industry has
been eliminated and its components allocated to other industry divisions. The
old "Power and gas" and "Communications" industries have been combined
with components transferred from
"Service" and "Miscellaneous" to form
the new division "Communications and
public utilities." In addition, very many
minor classification changes have been
incorporated, and the estimates are pre-
Table 4.—Average Annual Earnings per Full-Time Employee in Private Industries, 1929—43
[Dollars]
Industrial division or industry
! 1929
All private industries, total
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1, 408 j 1,361
1, 076
1,127
1,181
1,254
1,216
1,255
1,297
1,462
1,733
!, 026
271
1,162
250
768
328
308'
1,222
265
852
358
340
1,214
284
922
1,250
303
966
401
380
1,264
326
966
403
378
1,278
420
1,002
415
390
1,296
429
1,161
649
616
1, 600
596
1,762
836
801
1, 873
577
2,089
1,154
1,247
1,414
957
1,558
976
1,263
, 383
,408
,103
, 594
,108
1,366
1, 626
1,388
1,170
1,734
1,207
1,282
1.455
1,315
1,050
1, 734
1,132
1,367
1,518
1,406
1,197
1, 684
1,171
1,388
1,610
1,306
1,235
1,714
1,217
503
473
1,463
498
1, 517
1,579
1, 771
1,466
1,500
1,779
1, 375
1, 795
2, 045
1, 761
1, 715
1,934
1,634
2,161
2,341
2,137
2, 115
2,298
1,890
1,259
1,086
1,019
Agriculture, forestry and fisheries
Farms
Agriculture and similar service establishmentsForestry.
Fisheries
455
430
1,408
414
1,692
429
406
1,396
350
1,466
352
329
1,365
287
961
272
251
1,261
261
630
253
234
1,163
234 |
591 !
Mining
Metal mining
j
Anthracite mining
Bituminous and other soft-coal mining
Crude petroleum and n a t u r a l gas production..
Nonmetallic mining and quarrying
|
1,526
1, 616
1, 728
1,293
2,019
1, 413
1,424
1, 542
1,750
1,119
1,980
1,361
1,221
1,297
1,602
909
1,890
1,186
1,016
1,055
1,452
723
1,600
939
1,046 !
1,435 |
748 '
1, 427
852
1,108
1,122
1,500
900
1,472
901
990 I
Contract construction.
1, 674
1, 526
1, 233
1,027
1,178
1, 278 i 1, 193 1,268
1,330
1,638
2,193
2,505
Manufacturing. __.
Food and kindred products
Tobacco manufactures
Textile-mill products
Apparel and other finished fabric products
L u m b e r and timber basic products
F u r n i t u r e a n d finished lumber products
Paper and allied products
Printing, publishing and allied industries
Chemicals and allied products
P r o d u c t s of petroleum and coal
R u b b e r products
Leather and leather products
Stone, clay a n d glass products
Iron and steel and their products including
ordnance
Nonferrous metals and their products
Machinery (except electrical)
Electrical machinery
Transportation equipment (except automobiles)
Automobiles and automobile equipment
Miscellaneous manufacturing industries
1. 543
1,503
979
1,155
1.361
li 172
1,398
1,514
2,010
1,673
1,844
1,597
1,327
1, 557
1,488
1,489
985
1, 096
1,265
1,156
1, 310
1, 487
2,011
1,647
1,904
1,563
1, 215
1,525
1,369
1,451
908
1,039
1,162
1,010
1,196
1,404
1,943
1,608
1,810
1.392
i; 152
1,386
1,150
1,303
787
847
941
787
962
1,208
1,740
1, 419
1, 619
1,191
970
1,167
1,086
1,204
725
829
900
737
900
1,143
1, 599
1,312
1, 505
1,137
950
1,071
1,153
1,221
750
883
987
791
948
1,186
1,644
1, 341
1,513
1,248
1,017
1,088
1,216
1, 253
778
926
1,016
833
988
1, 235
1,698
1,385
1, 587
1,358
1,043
1,171
1,287
1,290
817
952
1,013
911
1,074
1,313
1,702
1,455
1,629
1,472
,045
,262
1,376
1,351
883
994
1,025
963
1,123
1,403
1,722
1, 559
1, 833
1.526
1,085
1,357
1,296
1,331
870
926
999
940
1,102
1,359
1,697
1, 621
1, 863
1,457
1,017
1,303
1,363
1,372
916
960
1,025
956
1,138
1,414
1,718
1,611
1,852
1,548
1,038
1, 359
1, 432
1,385
1,000
986
1,022
934
1,158
1, 458
1.764
1, 723
1,954
1, 583
1,041
1,393
1, 653
1,472
1,117
1, 159
1,159
1, 026
1,304
1.646
1,852
1,893
2,113
1,778
1, 236
1,554
2,023
1, 650
1,240
1,386
1,331
1,204
1,514
1,850
1,971
2,129
2,410
2,116
1,447
1,771 |
2,349
1.878
1,431
1,555
1,595
1,447
1,746
2,076
2,162
2, 385
2,806
2,478
1,659
2,022
1, 740
1, 665
1,827
1,655
1,640
1,554
1,748
1,658
1.410
1J455
1,521
1,461
1,044
1,177
1, 311
1,182
1,073
1,132
1,260
1,203
1.166
1,2C9
1. 345
1,282
1,295
1,277
1,425
1,364
,446
,361
,550
1,478
1,591
1,492
1,693
1,616
1,359
1, 402
1,534
1, 527
1,549
1,521
1,681
1,601
1,643
1,594
1, 813
1,688
1,923
1,824
2,144
1, 919
2,284
2, 235
2,629
2,288
2,637
2, 581
2,858
2, 467
1,747
1,813
1,568
1,728
1,571
1, 535
1, 463
1,234
1,230
2,160
2.243
1,540
1,299
1,724
1,159
1,747
1,891
, 614
, 672
,359
,356
,767
,219
1, 819
1,919
1,764
1,934
1, 380
1,357
1,760
1,217
1,365
1,773
1,224
1,391
1,834
1,242
1,762
1,941
1,761
1,969
1, 754
1,962
1,491
2,024
1,314
1. 805
1,976
2, 695
2, 880
1,885
1,606
2,227
1,4C4
1,687
1,817
1,381
1,489
1, 244
1,281
1, 712
1,140
1,668
1,829
1, 667
1, 762
1, 337
1,568
2,113
1,384
1,317
1,314
1,195
1,232
1, 618
1,102
1. 635
1,769
1, 589
1,653
1,274
1, 597
2,164
1, 409
2, 090
1,969
1,310
1,170
1, 166
1,187
1, 541
1,066
1,591
1,725
1,496
1,600
1.298
Wholesale and retail trade
Wholesale trade
Retail trade and automobile services
Finance, insurance and real estate
Banking
Security and commodity brokers, dealers and
exchanges
Finance, not elsewhere classified
Insurance carriers
Insurance agents and combination officers
Real estate
Transportation
Railroads
Local railways and bus lines
Highway passenger transportation, n. e. c
Highway freight transportation a n d warehousing
WTater transportation
Air transportation (common carriers)
Pipe-line transportation
Services allied to transportation
Communication and public utilities
Telephone, telegraph and related services
Radio broadcasting and television
Utilities: electric and gas
Local utilities and public services, n. e. c
1, 590
1,455
1,466
1,497
2,017
1, 324
1,886
1,880
2,982
2,978
2,175
1,802
2,494
1,589
2, 065
2,134
3,011
1,767
2,323
1,748
1,237
2,742
1,574
1, 873
1, 464
906
1, 334
1.439
i. 422
833
2,807
1,660
1,897
1,575
981
1, 393
1, 505
1, 473
959
2,770
1.759
1,917
1,679
1,021
1,492
1,645
1, 515
1, 023
2,941
1,886
1,993
1,781
1,078
1,582
1,724
1,583
1,106
3,048
2,009
2,061
1,887
1,176
1,644
1,774
1,633
1,220
2,809
2,039
1,995
,880
,121
, 676
,849
674
,236
2,806
2,102
1,971
1,882
1,144
1,723
1,877
1,701
1,303
2,845
2, 114
1,974
1,890
1,145
1,754
1,903
1, 700
1,320
3,040
2,177
2,048
1,975
1,198
1,549
1,661
1. 678
1,135
2,925
1,632
1,986
1, 581
979
1,373
1, 461
1,533
921
1, 269
1, 218
2,424
1, 802
1, 427
1,474
1,497
1, 385 1,411
2, 513 2,624
1, 590 1,601
1,116 41,124
1,069
1, 058
1, 097
1,098
1,219
1,200
701
650
1, 230
1,146
2,381
1,794
1, 375
1,514
1, 436
2, 732
1,599
1,122
1,002
1,030
1,136
560
1,179
1,038
2,346
1, 691
1, 227
1,438
1, 336
2,740
1,541
1,081
914
908
996
477
1,172
1,066
2,227
1,443
1,139
1,207
1, 054
2, 201
1, 521
1,182
1, 426
1, 336
2,198
1,513
1,061
852
863
905
455
1. 264
1,092
2,195
1, 575
1,259
1,328
1,375
2,243
1,609
1,279
868
878
915
467
1,522
1,420
2.223
1, 617
1,135
893
897
940
487
,456
,294
2,269
1,909
1,280
1, 674
1,580 1
2,497 "
1, 750
1,228
938
946
992
506
1, 521
1,553
2,328
1,930
1,269
1. 486
1,378
2, 089
1, 589
1,116
1, 408
1,541
2,257
1,822
1,282
1,601
1,482
2, 361
1,705
1,197
932
941
978
536
943
958
1,008
520
1,551
1, 648
2,239
1, 928
1,365
1,718
1, 610
2,554
1, 795
1,318
949
967
1, 019
533
1,778
2,311
1,793
2,175
1, 625
2,178
1, 684
2,179
1,500
1,792
1, 464
1, 959.,
1, 364
1, 417
1,596 i 1,657
1,286 I 1,339
1,891 j 1,844
1,400
1,813
1,429
1,892
1,471
1,849
1, 456
1, 896
1, 526
1,902
1,544
1,972
1,500
1,840
1, 552
1,942
1, 529
1,828
1, 603
1, 971
1,268
931
1,392
1,244
916
1,334
1,218
865
1,261
1,185 1,190
809
1,166 1,164
1,193
828
1,165
1, 232
850
1,201
1,269
876
1, 225
1,270
898
1,201
2,027
1, 329
1,600
1,730
1,897
1,323
1,542
1, 701
1, 714
1,279
1,413
1,637
1.619
1,189
1,300
1,567
1. 609
1,175
1,289
1,558
1, 600
1,163
1,297
1,537
1, 759
1,180
1,315
1,572
1,774
1,211
1, 364
1,590
1,909
1,228
1,391
1,625
3,172
1,862
2,457
1,975
1,575
1,642
1,749
1, 721
1,328
3,097
1,828
2,422
1,877
1, 446
1,610
1,717
1,719
1, 308
1,298
1,272
2,624
1,927 |
1,425 |
Services
Hotels and other lodging places
Personal services
Private households
Commercial and trade schools and employment agencies
1, 650
2,185
Business services, not elsewhere classified
Miscellaneous repair services and hand t r a d e s . 1, 814
2,169
Motion pictures
Amusement and recreation except motion
1, 273
pictures
_
Medical and other health services
925
Legal services
1, 385
Engineering and other professional services
2,314
n. e. c
Educational services, n. e. c
| 1,313
Religious organizations
j 1,610
Nonprofit membership organizations, n. e. c . - l 1, 758
Source: U. S. Department of Commerce.
2,001
1,910
907
1,318
1,748
1,173
1, 351
1,247
2,510
1,456
1,021
850
816
889
442
1,917
2, 069
3,098
2, 365
2,176
2,158
1,290
2,179
2, 295
2,018
1, 960
3,872
2,621
2,346
2,347
1, 421
1, 630
1, 854
2,258
2, 099
1,579
1, 766
1, 633
2,581
1,870
1,364
1,016
990
1,054
578
1, 864
2,738
2,296
2,298
1,772
1,881
1,715
2,714
2,154
3,388
2,467
2, 035
1, 500
1,132
1, 055
1,170
678
2, 686
2,101
2,074
1, 878
2,982
2,284
1, 737
1, 355
1,211
1,357
877
1,625
1, 863
1, 607
1,948
1, 833
1,980
1,921
2,016
2,175
2,118
2.185
2,124
2, 540
2,377
2,787
2,244
1,277
907
1,205
1,263
923
1,228
1, 267
948
1,260
1,304
1,030
1,302
1,441
1,157
1,375
1,973
1,234
1,410
1, 634
1,902
1,241
1,407
1,675
2,245
1, 266
1, 382
1,776
2, 654
1,341
1,379
1,961
3,079
1, 475
1,477
2,284
1,692
1, 599
2,427
1,767
1,240
1,888
2, 035
1, 795
1,473
2,489
2,577
2,288
2,268
SURVEY OF CURRENT BUSINESS
22
Table 5.—Revised and Unrevised Estimates of Wages and Salaries and Employment in Private Industries *
Wages a n d salaries
(millions of dollars)
Year
1929
1930
1931
1932
1933
1934
1935
1936 . . .
1937
1938
1939
1940
1941
1942
1943
Total employment
(thousands)
ReRe- Unrevised vised Differ- vised
esti- 2 ence
esti- 3
estimates mates
mates
45, 206
40, 720
33, 607
25,297
23, 660
27, 420
29, 984
33,866
38, 432
34, 564
37, 519
41, 130
51 537
65, 554
78, 885
47, 546
42, 510
34, 896
26, 056
24, 246
27, 979
30, 590
34, 508
39, 267
35, 183
37, 990
41, 851
52, 587
66,921
80, 024
2,340
1,790
1,289
759
586
559
606
642
835
619
471
721
1, 050
1,367
1,139
Unrevised Differesti- ence
mates 4
I
28,183
30, 083
33, 716
36, 255
37,511
28, 870
30, 878
34,819
37, 513
38, 554
687
795
1,103
1, 258
1,043
1
See text for description of differences in definition
between
revised and unrevised data.
2
Source: SURVEY OF CURRENT BUSINESS, April 1944.
3
Excludes farms. Sum of full-time equivalent employment in the Service industry and full-time and parttime employment in other industries, for comparison
with
unrevised estimates of employment.
4
These estimates were used in computation of average
salary-wage data published in SURVEY OF CURRENT
BUSINESS, April 1944.
Source: U. S. Department of Commerce.
sented in much more detail than formerly.
The unit of classification is the establishment, all of whose employees and pay
roll are classified in the industry to which
the principal activity of the establishment corresponds. Insofar as possible,
establishments are reclassified as soon as
their principal activity changes, The
establishment basis of classification is
similar to that followed in most other
Federal government income and employment series, with the important exception of tabulations of the Bureau of Internal Revenue, whose unit of classification is the firm, which may include a
number of establishments in different
lines of activity.
Comparisons with Earlier Estimates
A comparison of the revised estimates
of total pay rolls in private industries
with the estimates currently contained
in the national income is shown in
table 5. If there were no statistical revisions, the new series would fall below
the old by the earnings of own-account
workers in the construction industry, of
office solicitors, and of employees of
agencies allied to the Farm Credit Administration (transferred to "Government").
Accurate data to adjust for these differences are not available, since income
of own-account construction workers
(formerly classified in the "Miscellaneous" industry) was not separately estimated. Nevertheless, it is evident that
the new series does not result in any appreciable revision of the 1932-40 estimates, although it does yield a downward revision of the 1942-43 estimates of
perhaps one-half of 1 percent, and a
more substantial downward revision of
the 1929-31 estimates.
The Bureau's revised and unrevised
estimates of employment from 1939 to
1943 are also compared in the same
table. The same differences in definition
between the series exist as for pay rolls.
A rough estimate of the effect of these
differences on employment indicates that
there is little statistical difference between the two series, but that the old
series rose slightly too much from 1940
to 1942.
Although the revisions of the totals for
private industry wages and salaries and
employment were not appreciable, it may
be noted again that the changes for some
of the industry groups were significant.
These stem from the three principal aspects of the new series distinguishing it
from the old: (1) Improved, more detailed industrial classification; (2) fuller
exploitation of the comprehensive data
made available by the Social Security
programs; and (3) improvement of
methodology.
Methodology
Detailed description of sources of data
and statistical methods used in the formulation of the pay roll and employment estimates shown in tables 2 and 3 cannot be
undertaken in an article of this scope. The
estimates for the 64 industries utilized a
great variety of source material that obvi-
June 1945
ously could not be processed in standard
fashion and required countless special adjustments in the attempt to achieve the
comparability requisite to inter-industry and
intertemporal comparisons. It is planned,
however, to present a detailed description
of methodology at a later time.
Meanwhile, the present article best may
concentrate on brief descriptions of methodology for three phases of the work: (1) Estimates of wages and salaries and employment
for 1939-43 in industries covered by the
Social Security and Railroad Retirement
Acts; (2) estimates for 1929-43 in industries
not covered by these acts, and (3) estimates
for 1929-38 in the manufacturing industries.
The most difficult and time-consuming
parts or the estimation procedure related,
of course, to the 1929-38 estimates. The
variation in methodology among industries
is too significant to permit generalization,
and manufacturing has been selected for
description because of the widespread interest in this industry.
"Covered" Industries
Data for industries covered by the Social
Security Act and the Railroad Retirement
Act have attained a degree of accuracy and
refinement since 1939 that did not exist before these programs came into operation.
This segment of the economy includes all
private industries except the following:
Farms; part of forestry; private households;
nonprofit hospitals (included in medical and
other health services); most of educational
services, n. e. a; religious organizations; and
about a third of nonprofit membership organizations, n. e. c.
Table 6.—Average N u m b e r of F u l l - t i m e a n d P a r t - t i m e Empl oyees i n Private Industries
by Industry, 1939-43
[Thousands]
Industrial division or industry
All private industries, total.
Agriculture, forestry and fisheries x
Agricultural and similar service establishments
Mining l
Contract Construction i
Manufacturing ]
Wholesale a n d retail t r a d e .
Wholesale trade
Retail trade and automobile services
Finance, insurance and real estate
B anking
Security and commodity brokers, dealers and exchanges
Finance, not elsewhere classified
Insurance carriers
Insurance agents and combination offices
Real estate.'
Transportation
Railroads
Local railways and bus lines
Highway passenger transportation, n. o. c
Highway freight transportation and warehousing
Water transportation
Ajr transportation (common carriers)
Pipe-line transportation
Services allied to transportation
Communications and public utilities x
Radio broadcasting and television
Services
Hotels and other lodging places
Personal services
Private households 2
Commercial and trade schools and employment agencies
Business service, not elsewhere classified
Miscellaneous repair services and hand trades
Motion pictures
Amusement and recreations except motion pictures
Medical and other health services 3
Legal services
Engineering and other professional services, n. e. c
Educational services, n. e. c.3
Religious organizations 2
Nonprofit membership organizations, n. e. c
1939
1940
31, 308
33, 205
36, 810
39, 369
40, 450
2,726
82
832
1,219
9, 967
6,805
1,625
5,180
1,393
290
76
117
346
144
420
2,073
1,114
184
93
347
148
15
22
150
870
23
5.423
'405
656
2, 231
21
278
74
191
215
504
126
37
265
209
211
2,696
82
927
1,285
10, 882
7,199
1,679
5, 520
1,440
298
71
124
357
143
447
2,164
1,160
170
102
385
150
19
23
155
900
25
5.712
2,660
82
975
1,764
13,137
7,692
1, 780
5,912
1,481
311
61
135
367
144
463
2, 358
1,285
161
112
451
151
24
24
150
954
28
5,789
432
786
2,253
28
294
79
204
250
559
128
53
271
210
242
2.681
92
985
2,129
15, 282
7,492
1,703
5,789
1,450
321
50
124
362
145
448
2,513
1,429
169
126
475
112
34
25
143
948
29
5, 889
432
821
2,209
48
285
82
215
252
595
125
78
267
214
266
2,536
84
919
1,573
17,411
7,416
1,617
5,799
1,421
330
48
103
347
145
448
2,744
1, 534
184
152
477
146
46
25
180
912
30
5, 518
442
845
1,774
59
280
96
227
241
612
121
63
263
216
279
417
726
2, 365
19
280
72
192
230
530
126
41
270
210
234
1942
1943
1 Industry estimates in this industrial division, other than those (if any) shown, are identical with those contained
in table 3.
2
Data represent number of persons employed; the number of full-time and part-time jobs is much larger.
3 Full-time equivalent employment (full-time and part-time employment not available).
Source: U. S. Department of Commerce.
June 1945
For years beginning with 1940 a highly
accurate estimate of total pay rolls in covered industries can be obtained by combining data collected by the Bureau of Old-Age
and Survivors Insurance, by the State unemployment compensation agencies, and by
the Railroad Retirement Board.
The Railroad Retirement Board reports
the total pay roll of establishments covered
by the Railroad Unemployment Insurance
program. These include railroads and certain electric railroads, some nonprofit membership organizations, and some establishments furnishing services to the railroads.
The Bureau of Old-Age and Survivors Insurance secures the amount of taxable pay
rolls—the first $3,000 earned by any employee
in a year—for all other establishments in
covered industries. These data are collected
as part of a continuing program in operation
since 1937 and can be considered as complete
for all practical purposes.
The State unemployment compensation
agencies obtain both taxable and nontaxable
pay rolls from establishments covered by
their programs. Addition of (1) total pay
rolls covered by the Railroad Retirement Act,
(2) taxable pay rolls covered by the Old-Age
and Survivors Insurance program, and (3)
nontaxable pay rolls of establishments reporting to the State unemployment compensation agencies, provides a figure for total
wages and salaries in covered employment
which is complete except for nontaxable pay
rolls in employment covered by the O. A. S. I.
program but not by unemployment compensation.
This employment consists of (1) vessel employment, (2) employment by firms too small
to be subject to unemployment compensation (the State laws vary from coverage of
employers having one or more to eight or
more employees), and (3) employment by
firms in business too short a time or too
intermittently to be covered by State laws.
The Social Security Board has estimated
the amount of nontaxable wages in these
types of employment to secure total pay rolls
in all covered industries. To this series is
added the estimated value of tips and from
it are deducted pay rolls in Alaska and
Hawaii and in the few farms covered by
O. A. S. I. to obtain total pay rolls in covered industries in the continental United
States.
Since the total derived from the above procedure was accepted as the most reliable that
can be obtained, the task in making estimates for covered industries for 1940-43 may
thus be regarded as that of obtaining an industry break-down of this pay roll total and
of corresponding estimates of full-time
equivalent employment. The actual procedure, however, was to estimate pay rolls
and employment in each industry independently and to adjust the resulting aggregate
to the previously described totals.
In most industries the procedure adopted
in making the unadjusted industry estimates
from 1939 to 1943 made use of unemployment
compensation data, supplemented by OldAge and Survivors Insurance data. Quarterly
pay roll and monthly employment data are
publishe dby the Bureau of Employment Security of the Social Security Board for all
establishments covered by State unemployment compensation laws.
Special tabulations of Old-Age and Survivors Insurance data furnished employment
for September of 1940 and 1943 and pay rolls
for the third quarter of the same years for
firms with too few employees to be covered
by the State unemployment compensation
laws.
Combination of these data for small firms
and the unemployment compensation data
in the same periods furnished totals of pay
rolls and employment for all establishments
covered by the Social Security Acts.
The ratios of these totals to pay rolls and
employment covered by the State laws were
calculated. For each industry in which they
were similar in 1940 and 1943, the ratios were
interpolated between these years and applied
to pay rolls and employment of establishments covered by unemployment compensa
SURVEY OF CURRENT BUSINESS
tion to obtain total pay rolls and employment.
For other industries, employment not covered by unemployment compensation was
found to be stable; and the 1940 and 1943
noncovered employment figures were interpolated directly and multiplied by estimated
average pay (interpolated by average pay in
covered employment) to obtain noncovered
pay rolls.
In both cases adjustments were made for
the few changes over this period in the coverage provisions of the State laws. Employment and pay rolls covered by the Railroad
Unemployment Insurance program were then
added to secure aggregates for all covered industries, prior to their adjustment to the
controlling totals.
It should be noted that the adjustment for
small firms is trifling in most of the major
industries—1 percent or less for the "Mining,"
"Manufacturing," and "Communication and
public utilities" divisions, as well as for such
important segments of other divisions as
"Local railways and bus lines" and "Insurance carriers." In only a few industries, of
which retail trade is most important, does the
adjustment exceed 10 percent.
This method of utilizing Social Security
(and Railroad Retirement) data was departed
from only where more reliable data were available from other sources or where the portion of employment in firms not covered by
unemployment compensation was so large as
to suggest the use of another procedure.
Agricultural services, forestry, fisheries, banking, railroads, water transportation, personal
services, medical and other health services,
and legal services received special treatment
for these reasons.
The base figure for agricultural services
was derived from O. A. S. I. tabulations; that
for forestry and fisheries, from Census of
Population data. In banking, Federal Deposit Insurance Corporation, Comptroller of
the Currency, Federal Reserve Board, and
unemployment compensation data were utilized. Interstate Commerce Commission data
were used for railroads. Water transportation was estimated from Maritime Commission, O. A. S. I., and unemployment compensation data.
A Census base was used for personal services
(but the final effect of adjustment was to
render the derivation of the pay-roll series
statistically similar to that for industries
based on unemployment compensation data).
Estimates of wages and salaries paid by independent proprietors in the medical and
legal services were derived from questionnaire surveys of the Bureau of Foreign and
Domestic Commerce.
In no case was the resulting estimate for an
industry receiving special treatment lower
than that which would have been obtained
by following the more standard procedure of
using solely Social Security data.
Summation of the direct industry estimates gave aggregate pay rolls which fell
short of the controlling pay roll totals by
the following amounts (in millions of dollars) : 1940, 877; 1941: 688; 1942: 590; 1943:
827. *
These were distributed among the covered
industries in which unemployment compensation data were utilized in proportion
to the original estimates of pay rolls not
covered by unemployment compensation.
This procedure was adopted because it was
believed that the discrepancy arose primarily
from underadjustment of the unemployment
compensation data for small firms omitted
from coverage. This method of adjustment,
1
Part of the discrepancy can be traced to
the omission from the industry estimates
of data for unclassified establishments in
both the unemployment compensation data
and the O. A. S. I. data for small firms and
to the omission of nontaxable wages of small
firms from the original industry estimates.
The amounts which cannot be thus accounted for are as follows (in millions) :
1940: 578; 1941: 378; 1942: 338; 1943: 530.
These discrepancies relate to an aggregate
that rises from 38 billions to 74 billions over
the period in question.
23
it may be noted, is also essentially that which
would be indicated if it were desired to make
the adjustment proportionate to the probable accuracy of the original estimates.
Employment was adjusted in proportion
to the pay roll adjustment, except that no
adjustment for employment was made corresponding to that part of the pay roll discrepancy attributable to the omission of
nontaxable wages of small firms from the
direct industry estimates.
Since the industry estimates for wages and
salaries and employment were entirely comparable statistically, it was thus possible to
use the O. A, S. I.-R. R. B. pay roll series
as a controlling total for both pay rolls and
employment. The 1940 percentage adjustment of the individual industry data to the
controlling total was applied to the comparable estimates for the years 1929-39.
"Noncovered" Industries
Estimates of pay rolls and employment in
industries not covered by the Social Security
and Railroad Retirement Acts were based on
a variety of sources, which can only be outlined in this context.
Data for farms were furnished by the Bureau of Agricultural Economics of the Department of Agriculture.
Employment in private households (domestic service) was obtained for 1930 and 1940
from the Census of Population and interpolated by data from surveys of employment
agencies. The series was extrapolated from
1940 to 1943 by the domestic service component of the Bureau of the Census—"Monthly
Report on the Labor Force."
Average cash pay in 1939 was derived from
the Census of Population. The 1939 figure
was extended to 1929 by average cash pay
reported in the surveys of employment agencies and to 1943 by the Labor Department's
index of the price of domestic service, a component of the cost-of-living index.
The percentage of domestic servants receiving food was determined from the Bureau
of Foreign and Domestic Commerce 1936 survey of employment agencies. A valuation
for a year's board was derived from the 1935-6
consumer expenditures study of the National
Resources Committee and extrapolated by the
Labor Department's food component of the
cost-of-living index. The number receiving
board multiplied by the average value of
board yielded the total value of board. This
was added to total cash pay to obtain total
pay rolls for servants employed in private
households.
The 1935 Business Census of Hospitals furnished base-year data for hospitals, and Bureau of Foreign and Domestic Commerce canvasses added data for 1929 to 1934. For years
following 1935, pay roll, employment, and
related data were utilized from the following
sources: annual hospital census of the American Medical Association; U. S. Children's Bureau; Ohio Hospital Association: and Community Chests and Councils, Incorporated,
as well as unemployment compensation data.
Estimates for private education stem chiefly
from U. S. Office of Education and National
Catholic Welfare Conference data. For religious organizations, pay rolls were derived
from the Census of Religious Bodies; and
employment mainly from the Census of
Population. Interpolation and extrapolation were based on data for a sample of reporting denominations. A base-year figure
for the charitable organization component
of nonprofit membership organizations,
n. e. c, was secured from the 1935 Census.
Estimates for other years represent extrapolation of the 1935 estimate by a combination of reported data and estimates based
on expenditures.
Manufacturing Industries
In the derivation of employment and payroll estimates in manufacturing from 1929
to 1938, series for each of the 20 manufacturing industries were first constructed from
Bureau of the Census, Bureau of Internal
Revenue, Bureau of Labor Statistics, and
New York, Pennsylvania, and Ohio state data.
The resulting series were used to extrapolate
24
SURVEY OF CURRENT BUSINESS
the 1939 estimates based on Social Security
data.
The Census, Bureau of Internal Revenue,
and state data used were reclassifled for all
years to conform to the Standard Industrial
Classification. The following description
refers to the series before adjustment to the
1939 levels indicated by Social Security data.
Employment estimates are the sum of estimates of wage earners and salaried employees.
Wage earners were obtained from the Census
of Manufactures for all odd years of the
period 1929-39. Employees reported under
+v«o "nrmctmp.tirm"
the
"construction" nnri
and "all other" categories
by the Census for 1939 were combined with
wage earners in manufacturing establishments.
Estimates of the number of wage earners
for even years were derived by interpolation
by Bureau of Labor Statistics indexes. The
interpolation utilized annual averages of the
Bureau of Labor Statistics indexes, except
1938.
Sharp differences between the movements
indicated by the Census of Manufactures and
by the Bureau of Labor Statistics indexes for
the late months of 1937 suggested for 1938
an interpolation of employment between December 1937 and January 1939, rather than
between the 12 months' average for the
2 years.
A continuous, comparable series could be
obtained for only one group of salaried employees—clerical and administrative employees other than principal officers in
manufacturing establishments. Census of
Manufactures data were available for 1929,
1933, 1935, and 1937. Bureau of Labor Statistics sample data for clerical workers were
used to interpolate between 1935 and 1937
and to extrapolate to 1938 and 1939.
Estimates of clerical and administrative
salaried employees for the years 1930-34 were
based on interpolation of Census figures by
available State data. The number of wage
earners and the number of salaried employees were available for New York by a 7industry break-down and for Pennsylvania
and Ohio by both a 7-industry and a 20industry break-down.
Ratios of the number of salaried employees
to the number of wage earners were computed from Census data for 1929, 1933, and
1935.
Ratios for other years of the 1929-35
period were derived by interpolation by
similar ratios based on the State data and
then were multiplied by the number of wage
earners to secure the estimated number of
clerical and administrative employees.
Seven-industry estimates, utilizing 3-State
data, were used as controlling totals for 20industry estimates based on interpolation
by 2-State data.
The estimates of clerical and administrative
employees, other than principal officers, were
used to extrapolate base-year estimates for all
other groups of salaried employees. These
groups include manufacturing employees engaged in distribution, corporate officers, and
central administrative office employees other
than corporate officers.
A base-year figure for number of distribution employees, referring to 1939, was obtained by using the difference between the
Census total of salaried employees, including distribution employees, but excluding
corporate officers, and the number of clerical
and administrative employees, excluding
principal officers. A base-year figure (1937)
for the number of corporate officers was estimated by division of a Census-derived figure
on average pay of salaried officers in manufacturing, including central administrative
offices, into total compensation of corporate
officers as reported by the Bureau of Internal
Revenue.
A base-year figure for the number of central administrative office employees other
than corporate officers was computed from
data reported by the 1937 and 1939 Censuses.
The total number of such employees reported for 1937 for all manufacturing was
allocated among the 20 industry groups on
the basis of 1939 data on the number of
establishments under central administra
tive office control.
Wages and salaries are the sum of estimates
of wages and salaries. Wages were obtained
for all odd years from 1929 through 1939 from
the Census of Manufactures (the pay of "construction" and "all other" employees in 1939
was included in wages) and interpolated by
annual averages of Bureau of Labor Statistics
indexes. The interpolation for 1938, however,
was made on a monthly basis, with the product of number of wage earners and B. L. S.
data on average weekly earnings used as the
interpolating index. The number of wage
earners was obtained from the Census for
1937 and 1939 and estimated for the months
of 1938 by interpolation of Census figures for
December 1937 and January 1939 by B. L. S.
indexes.
Annual estimates of salaries were derived
in the first instance for two groups* of employees: (1) Compensation of corporate officers was secured from "Statistics of Income"
reports of the Bureau of Internal Revenue,
supplemented by unpublished detail from
that Bureau's "Source Book." (2) Salaries
of clerical and administrative employees,
other than principal officers, in manufacturing establishments were obtained from
the Census of Manufacturers for 1929, 1933,
1935, and 1937. Estimates for 1936 and 1938
and 1939 were based on interpolation and
extrapolation by Bureau of Labor Statistics
sample data for salaries of clerical workers.
In the computation of salary totals for
1930-34, average salary was first calculated
from the 1929, 1933, and 1935 Censuses and
interpolated by average salary based on New
York, Pennsylvania, and Ohio data. The
product of average salary and number of employees yielded total salaries of clerical and
administrative
employees. Seven-industry
estimates based on data for three States were
used as controlling totals to which 20-industry estimates based on data for two States
were adjusted.
The sum of compensation of corporate officers and salaries of clerical and administrative employees was used to extrapolate baseyear estimates of total salaries for the other
groups, including salaries of distribution
employees of manufacturing establishments
and of central administrative office employees
other than corporate officers. Salaries of distribution employees were estimated for 1939
as the difference between Census salary totals including distribution and the estimated
salaries of clerical and administrative employees. Salaries of central office employees
excluding officers were derived from the Census for 1937 and allocated by industry groups
on the basis of 1939 Census data on number of establishments under central office
control.
The comparability of data reported by the
Census of Manufactures for 1939 with those
reported for earlier years is a matter of question insofar as the 1939 Census for the first
time called for data on the total number of
employees in manufacturing establishments,
including those engaged wholly or chiefly in
distribution, construction, and other nonmanufacturing activities. It is not known
to what extent data for such employees were
included in earlier censuses.
It may be noted that the foregoing procedures in estimating employment and pay
rolls in the manufacturing industry imply
the following adjustments of the 1939 Census
to secure comparability with the 1937 Census:
(1) The number and compensation of "construction" and "all other" employees should
be added to manufacturing wage earners and
wages; (2) of the 583,000 distribution employees reported by the Census for 1939, 175,000 (with compensation of $269,000,000)
should be added' to salaried employees, excluding salaried officers or corporations, to
secure comparability with the 1937 Census.
Independent estimates of pay rolls and
employment in manufacturing for 1938, constructed from unemplo3/ment compensation
data and Pennsylvania State data, agreed
exactly with estimates derived by procedures
described above, and thus served as a check
upon the adjustments of the 1939 Census.
June 1945
Business Situation
{Continued from. p. 4)
billion dollars of raw materials and goods
in process held by the nondurable goods
industries and of a part of the 1 billion
dollars of finished goods in these industries. These stocks consist of such products as food, textiles, paper, petroleum,
and rubber, and are often identical with
those used in civilian production.
Consequently, the disposal problems
will be largely centered on the approximately 7 billion dollars of durable goods
inventories. Even here, however, sizable
portions of the war stocks may be retained by manufacturers for use in civilian production, particularly when the
stocks are made available to them at low
prices.
In this connection, it is interesting to
note that termination claims settled by
the War Department through March
1945 have involved inventories valued at
approximately 380 million dollars on the
basis of the cost to the Government.
Sixty percent of this total, or 225 million
dollars, was retained by the contractors
either for use in their own operations or
fcr resale. The amount of termination
credits actually involved, however, was
only 70 million dollars, since the prices
paid by the contractors for the inventories which they retained were only 30
percent of the cost to the Government.
More than half of the inventories retained by the manufacturers had scrappage value only.
On the other hand, the ready disposability of substantial portions of the war
stocks held by manufacturers should not
conceal two unfavorable factors of considerable importance. First, the heavy
concentration of stocks in the metal-fabricating industries indicates that speedy
contract settlement and plant clearance
are essential to the rapid resumption of
civilian output in these plants. Second,
there undoubtedly is large concentration
of war stocks in particular products, so
that carefully conceived disposal policies
will be needed to prevent the disruption
of the commercial markets for these
products.
While there has been some liquidation
of war stocks since 1943, the declining
munitions production scheduled for the
coming months makes further reductions
possible. To the extent that efforts at
paring inventories are successful, there
will be not only fewer disposal problems
and, consequently, more expeditious reconversion, but also a net release of raw
materials and plant facilities for civilian
use.
ETERNAL
VIGILANCE
is the price
of liberty
SURVEY OF CURRENT BUSINESS
June 1945
S-l
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY 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.
Uuless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
Febru- March
ary
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments
1935-39=100
Salaries and wages
_
do ._
Total nonagricultural income
do
Total
mil. of dol
Salaries and wages:
Total §
do
Commodity-producing industries
_ _ do . .
Public assistance and other relief
do
Dividends and interest
do _
Entrepreneurial income and net rents and royalties
.
mil. of dol
Other income payment?
. do
Total nonagricultural income
do
242.1
267. 3
237.9
13,180
231.1
258.3
228.4
12, 582
232.1
259.1
229.2
12, 387
233.9
261.7
231.1
13, 573
233.2
263.0
232.3
12, 928
234.0
263.1
232.3
12, 586
232.5
262.0
231.9
13, 670
235.5
263.4
233.6
13, 684
237.5
264.7
235.3
13,253
239.0
266.9
236.9
14,405
241.9
268.6
238.7
13, 357
245.2
269. 8
239.6
12, 743
'244 1
269.7
239 7
r
1 3 686
9,552
3, 910
80
808
9,145
3,995
78
811
9,223
4,008
78
494
9,344
4,051
78
1, 554
9,284
4,045
78
914
9, 304
4,056
78
486
9,375
4,039
78
1,317
9,541
4,066
79
829
9,508
4,010
79
509
9,653
4,002
80
1,827
9,516
3,954
80
936
9,526
3,957
80
490
' 9,585
3,944
80
1,344
2,271
469
11,P78
2,127
421
11,496
2,175
417
11,242
2,189
408
12,396
2,241
411
11,681
2,300
418
11,269
2,474
426
12,178
2,801
434
11,877
2,716
441
11,583
2,396
449
13,082
2, 369
456
12,124
2,190
457
11,678
' 2, 212
'465
' 12,591
117
91
136
123
74
161
133
80
173
127
80
163
131
114
145
138
131
143
159
180
143
189
238
153
164
178
154
136
131
139
131
126
135
113
105
119
' 116
93
'132
147
171
130
146
133
156
154
139
165
141
116
160
135
117
150
133
105
154
129
109
144
142
142
142
150
155
147
137
127
144
144
147
142
144
150
140
' 151
169
'138
1,566
1,416
1,480
1,402
1,546
1,452
1, 558
1,504
1,649
1,602
1,741
1,690
2,007
1,954
2,460
2,427
2,256
2,188
1,747
1,697
1,658
1,571
1,399
1,351
'1,445
' 1, 385
213.0
292.0
377. 0
235.0
228.0
229.0
278. 0
211.0
270.0
282.0
262.0
209.5
306,0
252.0
218.5
276.0
284.0
271.0
219.0
308.0
278.0
226. fi
275.0
283.0
270.0
213.5
316.0
260.5
241.0
252.0
264.0
244.0
207.0
266.5
260.5
254. 5
261.0
272.0
253.5
202.0
288.5
265. 5
294.0
243.5
258.5
233.5
200.0
240.0
287.5
365.5
262.5
308.0
232.5
197.5
235.5
298.5
329.0
267.0
298.0
' 247.0
191.0
265.0
'309.0
255.0
' 264. 0
295.0
' 243. 0
192.0
255.0
313.0
237.0
278.0
327. 0
246.0
196.0
267.0
290.0
203.0
312.0
408.0
248.0
207.0
264. 0
285. 0
' 208. 0
r 294. 0
377.0
' 239. 0
' 223. 0
' 235. 0
293. 0
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=100
Adjusted
do
Crops...
...do . .
Livestock and products
do
Dairy products .
do
Meat animals
do
Poultry and eggs
do
PRODUCTION INDEXES
Industrial Production—Federal Reserve Index
232
234
232
232
236
236
232
230
230
235
237
234
P229
Unadjusted, combined index!
1935-39=100.250
'249
252
248
255
v 245
252
Manufactures!do
250
248
248
248
251
249
'344
341
357
343
345
354
348
349
346
342
361
343
v 337
Durable manufactures!
.
do
210
202
203
206
201
197
202
'210
204
198
213
202
207
Iron and steel!
do __
113
114
' 116
130
125
127
133
135
120
113
125
128
Lumber and products!
do
p 115
'144
142
141
146
146
143
142
144
143
139
142
Furniture!
do . . .
142
123
117
109
97
'101
119
127
129
97
99
p 102
116
123
Lumbert .
_
.
do '432
422
436
431
428
431
437
442
434
435
445
427
p 424
Machinery!
do
' 266
233
234
229
257
253
279
263
243
245
292
238
Nonferrous metals and products!
. do . .
r
282
243
246
252
280
284
296
252
247
268
252
293
Fabricating *
do
191
'
194
244
200
191
187
273
252
226
205
186
v
194
289
Smelting and refining*
__do.__165
169
165
167
167
163
159
156
'156
' 162
164
163
p 163
Stone, clay, and glass products!
do .
94
102
95
82
66
71
79
71
74
100
90
100
Cement
do
122
'119
122
125
121
120
118
125
124
116
122
120
v 118
Clay products*
do
202
216
213
218
'
2
0
1
196
225
228
213
210
204
227
Glass containers!... _
do ._
704
704
706
698
'677
726
709
707
695
699
716
730
P650
Transportation equipment!
do
'238
242
235
226
230
235
223
229
229
232
226
Automobiles! .
do -_.
228
172
173
'171
170
168
169
171
173
171
167
169
173
v 171
Nondurable manufactures!
do
133
157
127
143
151
159
159
146
191
127
168
147
198
Alcoholic beverages!
_- do _
320
309
'319
'316
313
310
310
308
325
323
316
307
Chemicals!
do
'
4
00
395
394
400
410
411
396
396
408
408
408
400
MOO
Industrial chemicals*
do .
'122
112
111
115
113
114
125
103
114
121
118
116
r 121
Leather and products!
.
do
112
114
128
116
107
116
'113
118
116
107
110
111
Leather tanning*
do
'126
114
117
123
v 124
100
114
119
113
114
122
116
117
Shoes___
do
» Preliminary*
* Revised.
§The total includes data for distributive and service industries and government not shown separately.
•New series. For a description of the indexes of the volume of farm marketings and figures for 1929-42, see pp. 23-32 of the April 1943 Survey; indexes through 1942 were computed
by the Department of Commerce in cooperation with the Department of Agriculture; later data are from the latter agency. Data for 1913-41 for the dollar figures on cash farm income
are shown on p. 22 of the May 1943 Survey but the annual totals have been revised beginning 1940; revised monthly averages based on the new totals are as follows (millions of dollars):
Cash farm income, total including Government payments—1940, 759; 1941, 979; 1942,1,335; 1943,1,668; income from marketings—1940, 695; 1941, 930; 1942,1,276; 1943, 1,612; the monthly
figures have not as yet been adjusted to the revised totals. Data beginning 1939 for the new series under industrial production are shown on p. 18 of the December 1943 issue.
!Revised series. Data on income payments revised beginning January 1939; forfiguresfor 1939-41, see p. 16 of the April 1944 Survey and for 1942-44, p. 20 of the May 1945 Survey.
The indexes of cash income from farm marketings have been completely revised; data beginning 1913 are shown on p. 28 of the May 1943 Survey. For revisions for the indicated series
on industrial production, see table 12 on pp. 18-20 of the December 1943 issue.
643587—45
4
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1944
1945
April
June 1945
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
BUSINESS INDEXES—Continued
PRODUCTION INDEXES-Con.
Industrial Production—Continued
readjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Continued.
Manufactured food products!
1935-39=100.
Dairy products!
do...
Meatpacking
.
_do_._
Processed fruits and vegetables*
do...
Paper and products!
do
Paper and pulpt
do...
Petroleum and coal products!
_do...
Coke
do...
Petroleum refining!
.do...
Printing and publishing!
do.._
Rubber products!
do...
Textiles and products!
do
Cotton consumption
.__do___
Payon deliveries
do...
Wool textile production
do_..
Tobacco products
do
Minerals!
_ do...
Fuels!
...do...
Anthracite!
do...
Bituminous coal!
_.
do...
Crude petroleum..
do...
Metals
do
Adjusted, combined index!
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...
"106
"151
120
v 140
"110
143
' 143
183
92
138
134
233
176
242
104
231
151
151
196
153
120
138
143
129
155
139
112
239
256
361
126
118
292
165
78
125
227
172
123
323
116
117
158
» 137
198
152
138
134
233
242
101
161
126
140
122
147
v 185
180
94
142
137
237
175
246
100
230
147
142
195
152
124
146
146
134
159
142
144
236
253
356
124
115
279
161
76
122
210
169
116
324
112
110
154
*>139
180
145
142
137
237
246
98
147
124
143
120
153
v 225
172
105
141
137
242
172
252
100
228
145
M41
196
148
126
146
146
128
158
143
148
235
251
354
127
118
263
168
84
127
230
169
119
319
115
113
153
P 153
173
136
140
136
242
252
100
145
121
142
120
" 103
"113
"73
"82
* 145
"83
"138
"124
111
136
110
91
114
76
121
111
111
143
112
88
112
73
122
105
103
138
105
84
113
76
125
1C7
»»144
"149
125
"101
161
" 108
"230
" 151
143
"220
"115
"140
"145
" 131
" 138
"150
"108
" 231
i247
"337
P 116
"102
" 266
"165
"120
v 174
143
"317
" 121
"VI59
i" 143
134
"166
162
169
132
128
247
172
259
89
227
139
139
193
131
127
143
143
118
151
142
142
230
246
347
124
114
244
165
86
124
222
165
128
314
105
113
153
p 151
175
130
133
129
247
259
95
139
122
139
117
165
* 178
147
213
141
137
251
171
264
98
231
141
140
189
140
129
147
147
124
154
146
145
232
248
348
127
118
245
162
88
122
204
168
186
314
112
108
147
"139
169
112
142
137
251
264
102
141
126
142
114
166
v 155
148
236
141
137
258
168
272
100
230
147
148
196
144
131
147
148
129
151
149
138
230
246
342
120
111
238
159
86
116
200
168
156
307
121
120
146
v 147
161
121
142
137
258
272
99
147
124
143
113
159
*> 125
156
180
143
139
266
170
281
105
231
146
140
199
150
125
144
148
133
152
148
123
232
248
344
120
109
233
161
88
115
212
169
166
307
115
111
156
p 152
154
139
143
139
266
281
103
146
120
143
111
106
132
103
85
116
75
116
101
108
127
103
86
122
82
118
111
107
120
101
81
123
79
118
112
110
115
103
84
125
82
122
124
163
P221
155
" 108
175
133
143
138
268
170
283
107
231
149
149
209
143
137
140
148
126
155
148
89
232
248
341
122
112
234
160
88
116
208
173
184
307
116
112
154
P165
158
145
143
138
268
283
103
149
135
143
112
150
"94
184
114
134
132
268
167
283
106
239
152
146
215
152
121
131
141
109
138
146
68
232
249
343
122
111
229
163
90
116
218
173
169
312
114
115
155
P145
158
146
135
132
268
283
104
152
131
137
111
143
P88
171
'105
136
132
273
167
289
99
247
150
145
215
146
121
134
145
96
151
148
'68
234
251
345
126
118
253
162
87
125
200
174
213
'317
r 113
113
155
"132
146
'162
136
132
'273
289
102
150
121
140
111
141
"98
139
103
138
134
276
168
292
104
247
155
152
215
151
118
135
146
112
150
148
' 68
236
253
347
123
112
'257
'164
87
123
'207
176
169
318
121
119
'158
* 132
146
163
137
134
276
'292
105
155
123
141
'111
Munitions Production
Total munitions*
1943=100
Aircraft*
do...
Ships (work done)*
do...
Guns and fire control*
do
Ammunition*
do
Combat and motor vehicles*
I dol_l
Communication and electronic equipment*
do
Other equipment and supplies*
do...
106
109
99
79
125
88
121
116
104
108
92
79
129
95
117
113
103
112
'85
80
136
83
' 124
" 116
'99
'107
'79
80
'135
85
117
'110
MANUFACTURERS' ORDERS, SHIPMENTS,
AND INVENTORIES
346
314
New orders, index, total
. . J a n . 1939=100.
280
302
293
299
301
'369
316
316
326
344
553
Durable goods
do
403
487
455
436
429
445
600
455
461
469
529
523
272
439
429
Tron and steel and their products..
do
330
381
366
567
415
416
409
504
438
389
396
326
Electrical machinery
do
395
339
398
501
401
316
266
386
562
455
501
407
Other machinery
do
441
370
450
569
439
440
510
497
642
577
592
590
Other durable goods.
do
621
595
589
'723
556
613
614
657
214
201
202
204
Nondurable goods..
. . . do.
201
215
208
220
226
223
234
225
284
274
263
264
Shipmcnts,index, total!
avg. month 1939=100.
264
269
273
287
278
273
284
261
387
389
373
366
Durable goods ..
do
371
372
383
394
380
374
390
354
312
309
289
292
Automobile* and equipment
do.].
290
282
314
'322
292
302
303
278
283
248
245
243
235
Iron and steel'and their products
do...
253
248
'273
252
249
260
242
303
273
257
263
274
Nonferrous metals and products
do
267
272
303
279
282
292
275
492
513
508
483
452
Electrical machinery
do..I
521
492
532
515
492
566
434
439
425
402
392
411
Other machinery. . .
do
389
427
408
390
'429
416
385
2,088
2,644
2,468
2.310
2, 526
2,372
2,436
Transportation equipment (e*c. autos)
do
2,414
2,412
2,449
2,190 '2,314
231
208
210
219
204
213
219
Other durable goods
Ll'doIII
221
210
223
215
207
213
194
187
193
190
198
196
Nondurable goods.
_do.__
208
203
210
'213
196
239
204
200
207
204
207
208
Chemicals and allied products
do.II
218
211
214
' 228
209
218
208
203
206
200
216
200
Food and kindred products
.do
227
217
225
224
212
187
172
165
178
174
172
179
Paper and allied products
do
180
179
177
183
171
198
184
194
185
179
187
192
Products of petroleum and coal
do.
192
189
208
194
184
295
295
288
293
297
316
Rubber products.
do
342
293
341
351
311
195
162 !
184
185
184
200
Textile-mill products.
!do_~_~
189
189
189 !
190
176
M98
174 i
165 I
175
172
181
180 I
Other nondurable goods
do
189
203
196
180
200
r
Revised.
* Preliminary;
*New series. Indexes of munitions production for 1940-43 are shown on p. 24 of the February 1945 Survey; subsequent revisions in the 1943 data are available on request.
!Revised series. For revisions for the indicated unadjusted indexes and all seasonally adjusted indexes shown above for the industria) 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 January 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. The
indexes of shipments have been revised beginning 1939 to incorporate corrections in company reports due to renegotiations and other revisions and to take account of changes in the
weighting factors; the series "products of petroleum and coal" has been substituted for "petroleum refining" shown prior to the March 1945 Survey; data for other series are shown on
tJae revised basis beginning in the February 1945 Survey and annual totals back to 1939 are on p. 22 of that issue; complete monthly revisions are available on request.
SURVEY OF CURRENT BUSINESS
June 1fl45
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1944
1945
April
S-3
April
May
June
July
August
1945
September
Novem- December
ber
October
January
February
March
BUSINESS INDEXES—Continued '
MANUFACTURFRS' ORDERS, SHIPMENTS,
AND lNVENTCRlES-Contmued
Inventories:
Index, total
avg. month 1939«=100_
Durable goods
_
do
Automobiles and equipment
. _ _ do
Iron and steel and their products
do. _
Nonferrous metals and products*
do
Electrical machinery
do
Other machinery
do. _
Transportation equipment (except automobiles)
avg. month 1939«=1CO_Other durable goodsf
do
Nondurable goods
.
do
Chemicals ard allied products
do
Food and kindred products
do
Paper and allied products..
- _ do
Petroleum refining
do_ .
Rubber products _ _ _ _ _
_
do
Textile-mill products
do
Other nondi rable poods. .
do_ .
Estimated value of manufacturers' inventories*
mil. of. doL.
173.7
204.0
240.3
125.7
163.6
341.2
226.9
173 3
2fc3.6
234 1
126.7
154.6
338.9
224.9
173.2
201.9
229.9
129.0
152.7
335.5
225.1
173.7
210.9
228.0
128.1
153.0
334.8
218.4
172 4
198.8
229 8
127.5
148.6
327.8
218.9
172 0
197.1
229 6
126.3
145.8
318.6
219.4
170.8
194.6
220.2
124.4
146.7
320.5
216.2
1C8 4
192.3
232 5
120.8
148.1
313.7
213.9
166 9
189.6
228 1
117 9
145.0
316.9
217 8
r
204.9
241. f
124.1
154. 7
330.3
229.2
165 7
' 188. 7
229 9
116 1
145.9
309.3
r
218 5
r 164 8
188.9
r 230 8
r
113 7
»• 149. 9
317.3
'221 0
119 0
163.2
991.3
106.5
149.2
163.8
170.8
139.0
108.4
190.6
120.6
155.3
943.7
107.4
147.2
163.6
166.2
138.8
112.0
188.1
118.5
152.0
954.1
1G6.5
146.9
164.9
170.7
139.8
108.1
182.1
116.1
149.3
910.2
106.2
148.1
164.2
177.7
143.4
108.3
174.7
116.2
147.5
929.3
107.4
149.9
162.5
185.7
144.7
109.0
172.9
115.0
147.9
907.0
105.5
149.4
159.2
187.0
142.7
109.7
174.3
112.5
147.9
895.2
105.9
150.1
156.8
188.3
139.9
110.9
174.3
115.6
149.0
873.8
106.4
149 9
154.8
184.7
136.2
110.8
176.1
118.3
151.8
837.1
107.3
147.5
157.1
173.6
134.3
109.7
169 6
119.5
153.3
793.6
104.4
147 0
152.1
164.4
131 8
108.1
170 6
123.8
162.2
r 786.4
105.1
145 6
151.8
164.4
133 0
108.5
176 7
123.5
165.8
«• 768. 3
r
105.0
r
143 7
' 151. 3
r 148. 4
r
135 1
' 108. 7
r
175 5
r 123. 2
«• 164.5
16,272
17,414
17,268
17,229
17,215
17,266
17,139
17,100
16, 973
16, 737
16,589
' 16,469
r 16,382
163 7
188.7
233 6
113 6
160.5
315.7
220 0
766.0
104.7
141 9
151.4
145.6
135 7
107.5
BUSINESS POPULATION
OPERATING
BUSINESSES AND BU SIN ESS
TURN-OVER*
(17. JS. Department
of Commerce)
Operating businesses, total,end of quarter. . . t h oi_tsflii(_ta
Contract construction
. _ . . . do
Manufacturing
do
Wholesale trade
do
Retail trade
do
Service industries
do
All other
_
_
New businesses, quart* rly
Discontinued businesses, quarterly
Business transfers, quarterly
. . .
»2,938.4
2,893.9
137.4
226.4
116 0
1,355.1
653 8
505.1
81.4
r
36.8
48 6
. do
do
do
rln
INDUSTRIAL AND COMMERCIAL FAILURES
(Dun and Bradstreet)
Grand total
mimhpr
Commercial service
_ .
. . . .
do
Construction. _ .
_.
. do...
Manufacturing and mining
do
Retail trade
_. . d o . _
Wholesale trade
Liabilities, grand total
tbou.. of dol..
Commercial service
. _ do
Construction
do
Manufacturing and mining.
. __do
Retail trade
do
Wholesale trade
.
_______
v\, 381.0
82.1
»37.6
38.9
131
9
20
37
66
9
3,524
57
318
2,676
338
135
148
14
26
34
63
11
2,607
102
249
1,293
903
150
110
9
12
31
51
7
1,854
224
159
1,071
306
95
91
10
9
23
41
8
3,559
514
144
2,451
291
159
77
3
9
28
32
6
1,054
16
123
557
272
86
75
8
12
24
26
5
4,065
155
273
3,288
161
188
74
4
11
30
25
4
3,819
43
80
3,521
156
19
75
12
18
18
21
6
3,008
1,663
482
513
115
235
93
6
4
36
36
11
1,804
67
41
1,076
385
235
80
8
10
34
26
2
5,883
2,622
855
2,128
254
24
66
11
8
17
26
4
1,557
809
241
301
142
64
85
5
10
26
37
7
3,880
69
175
3,067
409
160
1,024
1,248
1,222
1,142
1,146
1,159
1,460
1,506
1,520
1,682
1,341
1,552
BUSINESS INCORPORATIONS
New incorporations (4 states) __
number
COMMODITY PRICES
PRICES RECEIVED BY FARMERSf
U.S. Department of Agriculture:
Combined in dexf
Crops...
Food grain
Feed grain and hay
Tobacco
Cotton
_
Fruit
Truck crops
Oil-bearing crops
Livestock and products
Meat animals
Dairy products
Poultry andeggs
1909-14 = 100.
-do--.
-do.-.
do
do...
do...
do
do...
_
do_._
_
do...
do...
do...
do.-.
203
204
172
162
362
163
221
259
215
201
215
164
176
196
200
171
172
362
163
237
220
207
191
203
196
151
194
198
170
173
360
160
232
225
208
190
201
194
153
193
197
165
170
350
163
228
231
210
189
200
192
154
192
194
161
168
350
164
230
195
209
190
197
194
165
193
191
156
166
355
162
214
186
209
194
201
196
171
192
188
155
162
358
170
206
166
207
196
200
198
179
194
187
164
161
357
171
205
153
211
199
201
201
190
196
189
165
157
368
168
195
188
215
202
200
203
207
200
196
167
160
364
168
206
228
215
202
198
203
211
201
200
169
163
365
163
205
262
214
202
203
202
199
199
197
169
164
360
161
211
223
215
201
209
200
183
198
196
171
166
359
163
211
203
215
200
211
198
175
105.8
94.8
111.6
86.0
91.0
115.3
104.2
91.9
110.1
95.9
90.8
113.1
104.6
92.3
110.6
95.9
90.8
113.5
104.5
92.5
110.5
95.7
90.8
113.5
105.0
92.5
111.7
95.7
90.9
113.6
105.0
93.0
111.6
95.7
90.9
113.6
105.0
93.2
111.3
95.8
90.9
• 113.8
105.0
93.6
110.8
95.8
91.0
114.2
105.3
93.9
111.1
95.8
91.0
114.6
105.7
94.0
112.3
05.8
91.0
114.8
105.7
94.2
112.1
95.8
91.0
114.9
105.5
94.3
111.2
96.1
91.0
115.1
105.4
94.5
110.8
96.1
91.0
115.2
COST OF LIVING
National Industrial Conference Board:§
Combined index
Clothing.
Food
Fuel and light
Housing..
Sundries
1923=100do
do
do
do
do
r
Revised.
» Preliminary.
§Beginning in the April
1945 issues have been discon '
*New series. D a t a for
4 ^ \" l S G d
n ^ u r c s
io r
T > x i v J i t i \> i t ^ r o t r x i c ^ t » * j v * v . i v
A _ - V I V A -. v * . ** \s*-* * «_•& * v « » » » _ » * » . v _/!.»-«-__> n^-^ ^* *•-• ___.»_-< ^ ._-— *. v * . ____< • •_•»-•-. -» W W •-»_.-.' _ ~ . — --— . > , . v
— — _ _ .^—. • _ - „ _
— —_* „ _ _ , ,
_
_—
. ——
— -
_____________
1938-42, see p . 7 of the June 1942 Survey and p . S-2 of the M a y 1943 issue. For earlier figures for the series on operating businesses a n d business turn-over and a description of t h e
d a t a , see p p . 9-14 and 20 of M a y 1944 Survey, p p . 7-13 of July 1944 issue, a n d p p . 18 a n d 19 of M a y 1945 issue; these issues provide more detailed figures t h a n those above.
durable goods" industries.
S-4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
June 1945
1944
April
April
May
June
July
1945
SepAugust tember
October
Novem- December
ber
January
February
March
COMMODITY PRICES—Continued
I
COST OF LIVING—Continued
U. 8. Department of Labor:
Combined index.
Clothing
Food___
Fuel, electricity, and ice__
Housefurnishings
Kent
Miscellaneous
_
1935-39=100..
do !
.do..-J
do.
~
do.
do.
«
do.
125.1
137.4
135.5
109.8
135.0
108.1
121.3
125.4
138.0
135.7
109. 6
138.4
108.1
121.7
126.1
138.3
137.4
109.7
138.7
108.2
122.0
126.4
139.4
137. 7
109. 8
139.3
108.2
122.3
126.5
141.4
137.0
109.8
140.7
108.2
122.4
126.5
141.9
136.4
109.8
141.4
123.7
124.6
137.1
134. 6
109.9
132.9
108.1
120.9
139.9
136.3
137.0
137.5
138.2
138.6
104.0
134.6
108.0
133.6
168.8
130.0
104.3
135.5
108.1
133.5
172.8
130.3
98.6
104.4
135.7
108. 4
133.5
174.0
129.8
98.5
' 104. 5
137.4
108.6
133.6
176.9
129.3
98.5
104. 6
137. 7
108. 5
133.6
175.7
129.0
113.4
113.4
113.4
113.4
113.4
108.2
105. 4
113.5
115.6
112. 2
108.2
105.3
113.7
115.6
112.2
108.2
105. 3
113.7
115.6
112.2
108.2
105.3
113.7
115.6
112. 2
108.2
105.3
113.7
115.6
112.2
v 105. 7
103.9
104.0
104.3
v 101. 8
116.8
95.0
129.0
130.5
136.4
v 100. 5
105. 8
95. 4
110.7
123.4
108.2
100.8
113.2
93.6
123.2
129.6
123.6
99.6
104.9
95.2
110.2
126.5
106.2
100.9
113.0
93.7
122.9
129.7
122.6
99.7
105.0
95.0
110.3
126.8
106.6
100.9
114.2
93.8
125.0
127.2
123.0
99.6
106.5
94.7
110.3
137.7
106.1
v 99. 3
117.1
110.6
99.4
153. 9
106.3
94.9
95.8
106. 8
81.9
102.0
83.5
98.4
115.2
100.3
93.9
153.4
104.4
95.5
96.3
112.0
81.4
102.0
83.0
59.9
77.1
64.0
116.9
111.2
101.3
126.3
104.3
107.2
101.4
103.7
97.1
85.8
91.8
97.8
98.5
115.7
100.5
96.4
154.0
104.7
95.5
66.3
112.0
81.4
102.0
83.2
£9.0
78.4
64.0
117.0
111.9
101.3
126.3
104.3
107. 2
101.4
127.1
144.0
136.6
109.8
144.7
0)
127.0
142.8
137.4
109.4
143.0
i 108. 3
123.1
127.1
143.0
137. 3
109.7
143.6
122.8
126.6
142.1
136.5
109.9
141.7
0)
122.9
123.3
126.9
143.3
136.5
110.0
144.0
0)
123.4
138.9
138.8
139.0
139.6
139.7
139.6
98.5
104.6
137.0
108.6
133.6
169.9
129.0
98.6
104.7
136.4
108.6
133.6
162.9
129.4
98.6
104.7
136. 5
108.6
133.6
160.7
129.7
98.7
104.8
137.4
108.6
133.5
164.2
129.9
98.7
104.8
137.3
108.7
133. 5
168.9
130. 2
99.7
105. 0
136. 5
108.7
133.5
168.9
130.7
113.4
113.4
113.4
113. 4
113.4
113.4
113.4
108.2
105.3
113.7
115.6
112.2
108.2
105.3
113.7
115.6
112.2
108.2
105. 3
113.6
115.6
112.2
108.2
105.3
113.6
115.6
112.2
108.2
105.4
113.5
115.6
112.2
108.2
105.4
113.5
115.6
112.2
108.2
105.4
113.5
115.6
112.2
104.1
103. 9
104.0
104.1
104.4
104.7
104.9
105.2
100.9
113.6
93.9
124.1
125.2
123.4
99. 6
105.8
94.3
110.3
129.9
105.9
100. 9
112.7
94.1
122.6
122.5
] 25. 4
99.7
104.8
94.3
110.5
122.8
105.9
100.9
112.8
94.7
122.7
121.7
127.6
99.7
104.2
94.4
110.7
115.9
106.0
101.0
113.2
94.8
123.4
125.1
127.1
99.8
104.2
94.7
110.7
112.7
106.0
101.1
113.8
94.8
124.4
124.8
127.0
99.9
105.1
94.7
110.7
113.7
106.1
101.1
114.6
94.8
125.5
127.5
126.9
100.0
105.5
94.7
110.7
116.2
106.2
101.3
115.1
94.9
126.2
129.3
131.1
100.1
104.7
94.7
110.8
114.4
106.4
101.5
115.6
95.0
127.0
129.8
133.8
100.2
104.7
94.9
110.8
118.1
106. 5
98.5
115.9
100. 6
96.4
154.0
105.7
95.3
96.2
112.0
79.9
102.0
83.3
59.3
79.3
64.0
116.4
108.4
101.3
126.3
104. ?
107. 2
101.4
103.7
97.1
85.8
92.4
97.8
107. 0
113.9
70.6
30.3
112. 5
93.5
73.0
107. 2
98.5
115.9
100.7
96.4
154.2
105. 5
95.5
96.2
112.0
81.1
102.0
83.2
59.5
78.9
64.0
116.2
106.8
101.3
126. 3
104.3
107. 2
101. 4
103.7
97.1
85.7
92.4
98.0
107.0
114.0
70.6
30.3
112.9
93.6
73.0
107.2
98.6
116.0
98.6
116.0
101.5
96.9
154.0
105.5
94.9
96.0
106.9
81.2
102.0
83.0
60.3
76.8
63.8
116.0
106.1
101.3
126.3
104.4
107.4
101.4
103.8
97.2
85.8
92.4
99.2
107.0
118.7
70.8
30.3
112.9
93.6
73.0
107.2
98.7
116.3
104.8
97.5
153.8
106.0
95.0
96.0
106.9
81.8
102. 0
82. 9
59. 6
76.0
63.8
116.2
107.3
101.3
126.3
104.4
107.4
101. 4
103.7
97.1
85.8
92.4
99.4
107.4
118. 8
71.5
30.3
112.9
93.6
73.0
107.2
98.8
116.4
105.0
97.7
153.8
106.3
94.8
95.5
106.9
81.8
102.0
83.1
60.1
77.3
63.8
116.2
107.1
101.3
126.3
104.4
107.4
101.5
103.7
97.1
85.8
92.4
99.4
107.4
118.8
71.5
30.2
112.9
94.0
73.0
107.2
98.9
116.4
105.3
97.5
153.8
106.3
94.8
95.6
106.9
81.8
102.0
83.1
59.9
74.6
63.8
117.4
114.0
101.3
126. 3
104.4
107.4
101.5
103.8
97.2
85.8
92.4
99.5
107.4
119.2
71.5
30.2
112.9
94.2
73.0
107.3
99.1
116.8
110.4
97.4
153.8
106.3
94.9
95.8
106.9
81.9
102.0
83.3
60.0
75.7
64.3
117.5
114.8
101.3
126.3
104.5
107.5
101. 5
104.0
97.7
85.9
92.4
99.6
107.4
119.7
71.5
30.2
112.7
94.2
73.0
107.6
99.2
117.0
110.5
99.0
153. 9
106.4
94.9
95.8
106.9
81.9
102.0
83. 3
61.1
76.9
64.3
117. 6
115.4
101.3
126. 3
104.5
107. 5
101.5
104.2
98.0
85.9
92.4
99.7
107.4
119. 9
71.5
30.2
112.7
94.6
73.0
108.0
77.1
79.7
73.6
55.1
77.3
79.3
72.7
55.4
77.4
79.1
77.4
79.1
72.9
55.4
77.3
79.1
73.2
54.8
77.1
79.0
73.2
54.3
76.8
78.7
72.7
53.2
76.7
78.7
72.7
53.0
76.5
78.8
73.2
53.5
0)
RETAIL PRICES
U. S. Department of Commerce:
All commodities, index*
...1935-39=100.
U. S. Department of Labor indexes:
Anthracite
._
1923-25=100.
Bituminous coal
do...
Food, combined index
1935-39=100.
Cereals and bakery products*
do...
Dairy products*...
do...
Fruits and vegetables*
_do___
Meats*
do...
Fairchild's index:
Combined index
.
Dec. 31, 1930=100.
Apparel:
Infants'
do...
Men's
do
Women's. _
do...
Home furnishings.
do...
Piece goods._
do.._
f 8. 8
105. 0
136. 6
108.9
133.5
173.3
130. 8
WHOLESALE PIUCFS
U. S. Department of Labor indexes:
Combined index (889 series)
1926=100.
Economic classes:
Manufactured products
do...
Raw materials
_
...do..
Semimanufactured articles
do..
Farm products
do__
Grains
do..
Livestock and poultry
____.._
do
Commodities other than farm products
do
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 productsfdo
Chemicals. _
do
Drugs and pharmaceuticalsf
.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
do
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 respective commodities.)
64.2
117.9
.117. 0
101.3
126.3
104. 5
107.1
101.1
P 104. 2
98.1
85. 9
02. 4
99. (
103.7
30.2
112.7
94.8
73.0
109. 0
113.9
70.5
30.3
112.5
93.5
73.0
107.
97.1
85.8
92.4
97.8
107.0
113.9
70.5
30.3
112.5
93.5
73.0
107.2
70.1
78.
73.1
52.5
77.4
80.3
74.2
54.3
77.4
80.0
73.7
54.8
107.
4
119.
107.0
100.7
96.4
154.4
105.5
95.5
96.2
112.0
81.2
102.0
83.2
59.0
76.0
63.9
116. 0
105.7
101.3
126.3
104.4
107.4
101.4
108. 8
97.1
85. 8
92. 4
98.4
107.0
115.9
70.6
30.3
112.9
93.6
73.0
107.2
PURCHASING POWER OF THE DOLLAR
As measured by—
Wholesale prices
Cost of living..
Retail food prices
Prices received by farmersf__
I
._ 1935-39=]00—|
_
do . I
do
_
do
I
I
55.1
v Preliminary.
' Revised.
December 1944 index based on rents in 20 large cities, assuming no change in cities not surveyed; rents not collected for other months.
*New series. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey; minor revisions have been made in
the figures published prior to the February 1945 Survey; 1939-43 revisions are available on request. Data beginning 1923 for the indexes of retail prices of the food subgroups are available on request; the combined index for food, which is the same as the index under cost of living above, includes other food groups not shown separately.
t Revised series. The indexes of wholesale prices of chemicals and allied products and drugs and Pharmaceuticals have been revised beginning October 1941 owing to a change
in the method of computing the net tax applicable to the quoted price of undenatured ethyl alcohol and a reduction in the weight assigned to this commodity; revised figures
for 1941-43 will be published later; the revision has not been incorporated in the all-commodities index, which would be affected only fractionally, or in the indexes for manufactured
products, commodities other than farm products, and commodities other than farm products and foods. The index of purchasing power of the dollar based on prices received by
farmers has been shown on a revised basis beginning in the April 1944 Survey.
1
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1944
1945
April
S-5
April
May
June
1945
SepAugust tember
July
October
Novem- December
ber
January
February
March
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
Farm construction
do
Public utility
do..._
Public construction, total
do
Residential
do
Military and naval
do
Nonresidential building, total
do
Industrial
do
Highway
_„
do
All other
do
320
127
45
333
130
45
340
138
46
343
141
45
357
142
42
344
141
39
328
136
35
311
130
32
284
126
30
'289
' 127
25
'299
r
132
23
'314
••142
'24
26
17
13
43
193
20
60
71
62
22
20
28
18
14
43
203
19
67
68
58
26
23
30
20
15
47
202
17
62
67
57
32
24
31
20
18
47
202
16
68
62
50
34
22
33
20
21
46
215
13
68
75
63
34
25
35
20
19
48
203
9
59
79
64
32
24
37
21
16
48
192
8
52
78
65
31
22
39
23
13
46
181
8
49
81
67
25
19
44
27
10
42
158
7
40
77
65
17
17
50
32
9
r
43
162
7
43
81
70
14
17
58
39
8
r
43
'167
'60
'42
11
'47
'172
'6
'47
'88
'77
'15
16
P74
J» 19
41
19
36
17
40
19
33
16
41
16
34
15
43
14
38
14
43
13
41
13
40
13
39
13
39
13
42
13
40
13
46
13
40
12
51
14
39
11
48
14
50
12
59
13
11,188
395,798
309,004
86, 794
9,877
179, 286
132,845
46,441
10,115
144,202
97,958
46,244
8,309
163,866
121,924
41,942
8,830
190, 539
148,191
42,348
8,204
169, 341
124, 913
44,428
9,105
175, 739
127,001
48, 738
9,266
144, 845
101, 612
43, 233
8,848
164,850
102, 522
62,328
7,441
188, 481
114,175
74, 306
7 210
140,949
74', 900
65,' 989
6,853
146^ 957
74,153
72,804
9,894
328,874
221,448
107,426
3,652
20,602
241,107
2,616
12, 289
69,491
2,888
8,027
53,897
2,726
10, 265
62,520
3,435
14, 508
84,199
2,831
12,127
76, 637
3,148
15, 674
87,175
3,099
11,485
68,841
3,271
17,173
93, 604
2,788
19,193
97,933
2, 227
11 374
81^614
2,114
11,873
95,681
4,088
25,407
211, 317
5, 555
10, 753
42,745
5,886
8,225
37, 772
5,499
7,251
34,476
3,942
6,477
30,622
3,854
4,964
25, 813
3,886
4,902
23, 273
4,217
4,444
24, 470
4,764
6,298
23,805
4,481
4,734
23,288
3,393
4,872
23,902
4 268
3 703
19^ 536
4, 221
4! 139
19, 300
4,650
5,331
26,943
1,453
43,901
995
40,097
1,355
36,137
1,264
38,929
1,203
47,143
1,168
48,693
1,371
40, 353
973
34,462
720
22,686
831
38, 784
445
23,836
302
11,407
829
38.431
528
68,045
380
31,926
373
19,692
377
31,795
338
33,384
319
20,738
369
23, 741
430
17,737
376
25, 272
429
27,862
270
15,963
216
20,569
327
52,183
72.0
55.3
64.3
67.5
50.3
47.5
38.6
43.7
46.1
46.4
29.1
35.6
46.4
66.8
59.4
52.6
120.0
51.3
43.7
47.5
78.2
62.2
51.4
60.8
90.1
66.3
55.1
64.1
97.5
51.7
42.0
41.9
98.5
48.9
39.7
41.3
88.5
46.4
31.9
39.1
97.6
57.0
32.5
61.4
100.2
51.4
32.9
46.8
104.7
39.8
32.5
33.0
73.6
38 3
21 8
on g
80^4
44.9
30. 3
47*4
70*. 9
' 65. 3
40.5
'73.1
' 100. 6
12,489
10,021
864
1,604
9,592
7,423
1,003
1,166
10,923
8,161
956
1,806
48, 278
11, 558
9,139
1,393
1,026
' 9, 830
' 8,253
860
717
' 8.738
' 6,908
655
1,175
38, 608
' 7, 773
' 6,493
575
705
' 7,469
' 5,873
••735
861
' 8,460
' 6,978
612
870
33,174
8,045
7,029
568
448
0, IW
4 095
738
6,168
5^ 168
' 368
632
29,061
8,039
6,422
899
718
140,379
145,040
138,857
157,811
158,561
211, 251
117,919
127,195
129,740
93, 257
88,193
109, 516
182,498
767
252
118
397
1,863
1,109
334
421
2,607
1,352
672
583
5,743
3,289
1,611
843
3,966
2,736
808
423
2,812
1,046
1,124
642
2,712
962
1,186
564
1,204
456
238
510
2,644
1,497
713
435
2,342
839
1,092
411
1 070
541
342
187
826
708
20
98
1,066
464
429
173
*>328
vim
v2S
P67
P47
vU
P48
P171
»6
»45
*86
P73
P17
P17
'46
'85
r
76
' 13
16
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100Residential, unadjusted
do
Total, adjusted
do
Residential, adjusted
do
Contract awards, 37 States (F. W. Dodge Corp.):
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 dol__
Public 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, totals
do
1-family dwellings
._
do
2-family dwellings
do
Multifamily dwellings
do
Engineering construction:
Contract awards (E. N . R.)§
thous. of dol_.
*>83
v 22
/JO
'71
M6
'72
'15
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:J
Total
thous. of sq. y d . .
Airports
do
Roads
do
Streets and alleys.
do
CONSTRUCTION COST INDEXES
227
Aberthaw (industrial building)
1914=100..
227
231
232
American Appraisal Co.:
259
260
260
Average, 30 cities
1913=1OO._
261
262
263
265
260
267
266
267
266
267
Atlanta
do
267
267
267
267
267
268
268
270
273
271
273
273
271
New York
...do
262
266
266
. 266
266
268
269
268
270
270
270
270
270
San Francisco
do
236
236
236
237
238
239
239
241
242
241
241
241
241
St. Louis
do
252
252
252
252
252
254
254
255
259
256
258
259
256
Associated General Contractors (all types)... 1913=100__
223.0
223.8
223.8
224.2
223.8
224.2
223.8
225.0
228.8
225.7
227.4
227.8
226.8
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and offi.ce buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
122.6
116.8
118.0
118.4
116.8
119.0
121.8
121.6
122.1
118.0
119.0
121.8
122.6
New York
do
155.8
150.8
151.4
150.8
151.7
151.9
151.4
153.4
153.1
151.9
154.8
155.8
153.1
San Francisco
do
144. 5
139.6
140.5
139.6
143.2
140.5
140.8
142.0
142.0
143.2
143.5
143.2
143.5
St. Louis
do
144.1
135.3
135.3
135.7
136.7
138.1
142.4
138.1
140.0
144.1
135.7
143.2
142.4
p Preliminary.
' Revised.
§Data for June, August, and November 1944 and March 1945 are for 5 weeks; other months, 4 weeks.
JData published currently and in earlier issues of the Survey cover 4- and 5-week periods, except that December figures include awards through December 31 and January figures
begin January 1; beginning 1939 the 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 (exceptions were made in the case of weeks ended Apr. 3,1944, and Feb. 3,1945, which were included in the preceding month).
IThe data for urban dwelling units have been revised for 1942-43; revisions are available on request.
•New series. Data beginning January 1944 for the series on new construction are revised joint estimates by the U. S. Departments of Commerce and Labor and the War Production Board; see note marked "*" on page S-5 of the January 1945 Survey for sources of earlier data. The series on residential (nonfarm) construction has been revised back to January
1939 to exclude additions, alterations, and repairs, and the revision incorporated in the totals (for revised annual data for 1939-43, see p. 22 of February 1945 issue). Except for this
revision, data for 1929-43 are correct as published in issues of the Survey referred to in the footnote on p. S-5 of the January 1945 issue; however, additional minor revisions in the 1942
and 1943 data are expected. The quarterly estimates of total nonfarm dwelling units include data for urban dwelling units shown above by months and data for rural nonfarm 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, 138,700; 2d quarter,
166,600); annual estimates for 1920-39 are available on request.
.
fRevised series. Data have been revised for 1940-43; revisions beginning March 1943 are shown in the June 1944 Survey; earlier revisions are available on request.
643587
S-6
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
June
May
July
August
1945
September
October
Novem- December
ber
January
Febru- i A rl a r pc hn
ary
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Continued
E. H. Boeckh and Associates, Inc.—Con,
Commercial and factory buildings:
Brick and concrete:
Atlanta
-U. S. average 1926-29=100New York
do
San Francisco
_.
-do
St. Louis
_do
Brick and steel:
Atlanta
do
New York
1
do
San Francisco
do
St. Louis
do
Residences:
Brick:
Atlanta
_._
_
-do—
New York
do
San Francisco
_
do
St. Louis
-do
Frame:
Atlanta
do—
New York
do.-._
San Francisco..
___
—-do
St. Louis
do
Engineering News Record (all types)
1913=100..
Federal Home Loan Bank Administration:
Standard 6-room frame house:
Combined index..
1935-39=100..
Materials
—
-do
Labor
do
122.2
157.5
146.7
146.8
116.8
154.4
143.1
136.7
116.8
154.4
143.1
136.7
118.4
154.8
143.8
136.9
118.4
154.8
143.8
136.9
118.6
155.0
144.0
137.9
119.3
155.2
145.0
138.1
119.3
155.2
145.0
138.1
121.4
156.3
145.0
139.6
121.5
155.9
145.7
144.9
121.5
155.9
145.7
144.9
121.7
156.7
145.9
144.9
122.2
157.5
145. 9
146.8
123.0
154. 9
148.2
144.8
118.2
151.0
142.4
136.8
118.2
151.0
142.4
136.8
119.1
151.6
143.4
137.1
119.1
151.6
143.4
137.1
119.6
152.0
143.8
137.8
119.8
152.4
146.1
139.4
119.8
152.4
146.1
139.4
122.1
153.6
147.1
141.1
122.1
153.3
147.2
143.2
122.1
153.3
147.2
143.2
122.1
147.4
143.8
143. 2
123.0
154.9
147.4
144.8
131. 6
159.5
146.3
150.1
122.5
152.6
137.5
137.7
122.5
152.6
137.6
137.7
124.1
154.2
140.0
138.6
124.1
154.2
140.0
138.6
126.2
155.7
14L4
140.9
126.5
156.5
143.4
141.8
126.5
156.5
143.4
141.8
129.9
158.6
145.3
144.7
129.4
157.9
145.3
146.7
129.4
157. 9
145.3
146.7
130. 9
158.7
145.5
148.6
131.6
159.5
145. 5
150.1
133.6
161.1
144.4
149.3
307.4
123.8
153.1
134.7
137.7
298.0
123.8
153.1
134.7
137.7
298.7
125.4
155.1
137.8
138.9
299.9
125.4
155.1
137.8
138.9
300.4
128.1
157.3
139.6
141.8
300.5
128.3
157.9
141. 2
142.3
30i.l
128.3
157.9
141.2
142.3
301.1
131.6
160.3
143.4
145.0
302. 0
131.2
159.5
143.4
146.2
302.5
131.2
159.2
143.4
146. 2
303.7
133.2
160.3
143.6
148.6
304.5
133.6
161.1
143.6
149.3
306.4
134.9
132.1
140.5
132.2
129.7
137.0
132.7
130.3
137.3
133.0
130.8
137.5
133.1
131.0
137.3
133.3
131.3
137.3
133.7
131.2
138.5
133.9
131.3
139.1
134.4
131. 5
139.9
134.4
131.5
140.0
134.5
'131.7
' 140.1
134.6
131.9
140.1
'134.8
132.0
140.2
51,070
6,216
60,747
5,544
57,926
5,601
65, 333
5,653
41,429
5,713
42,457
5,782
33,865
5,845
37,982
5,910
29.661
5,970
26, 960
6,025
29, 068
6,082
35, 001
6,128
24,103
6,174
455,760
369,268
405,095
421,631
411,136
430,776
416,185
422,839
393,639
360, 227
ZM, 578
338,697
433,337
153, 754
122,643
132,523
140, 709
125,036
138, 674
134,455
135,228
118,374
1U, 138
1G2. 201
1C6, 009
141,481
9,541
113,684
16, SCO
2, 951
10,778
13,484
85, 568
13,491
2,679
7,421
7,338
98,872
14,415
2,967
8,931
9, 663
103, 276
14,963
2,957
9,850
7,078
93, 232
13,871
2,841
8,014
7,589
105,050
14,152
3,067
8,816
5,923
101,884
14,495
3,160
8,993
6,095
101,461
15, 253
2,699
9,720
4,635
90,182
13, 265
2, 507
7,785
5,244
81, 508
13, 555
2,127
8,704
3,772
76, 495
12,167
3,081
78.140
12, 524
1,964
10, 270
7,406
105,307
15, 922
2,559
10, 287
52
83
72
128
136
114
95
81
100
131
106
79
61
1,007
1,260
1,240
1,220
1,199
1,177
1,155
1,133
1,111
1,091
1,069
1,049
1,027
10.0
34,746
10.9
32,815
11.4
30, 555
10.3
32,706
9.8
30,618
11.2
31,448
10.2
32,173
11.4
33,847
10.9
48,694
9.3
44,865
11.4
41, 457
10.8
40, 876
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Gross mortgages accepted for inpurance.thous. of doL.
Premium-paying mortgages (cumulative).mil, of doL.
Estimated total nonfarm mortgages recorded ($20,000
and under)*
-thous. of doL.
Estimated new mortgage loans by all savings and loan
associations, total
thous. of doL.
Classified according to purpose:
Mortgage loans on homes:
Construction
do
Home purchase
do
Refinancing
_..do
Repairs and reconditioning...,
_
do
Loans for ell other purposes
do
Loans outstanding of agencies under the Federal Home
Loan Bank Administration:
Federal Savings and Loan Assns., estimated mortgages outstanding!
mil. of doL.
Fed. Home Loan Banks, outstanding advances to
member institutions
mil. of dol_.
Home Owners' Loan Corporation, balance of loans
outstanding
mil. of doL
Foreclosures, nonfarmrf
Index, adjusted
_
1935-39«=100_
Fire losses
thous. of doL
1,973
"~37,"950~
2,025
i, 8es
7,899
2,082
2,058
DOMESTIC TRADE
ADVERTISING
Advertising indexes, adjusted:f
Printers' Ink, combined index
1935-39=100.
122.2
122.3
124.7
131.7
137.1
143.5
128.9
133.6
136.3
132.1
135.6
127.0
128.1
133.4
Farm papers
.._
-_.do__.
137.3
153.4
166.3
148.0
140.4
169.2
162.1
159.4
154.2
142.9
165.8
183.4
Magazines
do__.
160.8
184.7
158.2
152.1
171.9
161.1
130.0
141.8
168.4
146.1
t
ieo.3
105.9
105.1
98.7
100.4
Newspapers
do...
112.3
103.1
107.9
107.6
98.0
102.9
103.3
105.1
112.8
122.7
113.2
107.5
114.0
123.7
2C0.0
Outdoor
do_
155. 5
167. 2
193.3
167.7
154.5
326.8
339.5
275.8
299.9
280.6
267.8
288.6
285.3
270.0
Radio
do.,.
288.
4
r
262. 8
329.2
161.2
176.4
149.4
135.1
142.6
161.5
149.4
150.3
145.3
Tide, combined index*
1935-39=100.
151.5
143.1
166.2
Radio advertising:
15,652
16,138
15,128
15,712
15,340
16,626
16,947
16, 756 15, 223 • 16, 648
Cost of facilities, total
„
thous. of doL.
15,543
17,470
819
7S6
893
779
811
772
Automobiles and accessories
.
do
784
716
821
769
709
760
159
167
115
119
161
Clothing
_.
do
186
156
147
141
151
l£0
169
110
88
89
111
91
Electrical household equipment
...do
89
114
221
97
1C6
172
234
178
153
180
Financial
....do
162
169
167
213
189
192
182
203
175
4,652
4,375
4, If 8
Foods, food beverages, confections.
.do
4,575
4,194
4,409
4,272
4,671
4,679
4,264 ' 4, 682
4,fi£9
663
640
Gasoline and oil
do
604
612
628
589
643
715
584
688
567
663
115
136
Housefurnishings, etc
do
122
164
155
161
155
178
158
155
181
142
920
Soap, cleansers, etc
do
1,017
944
935
1,109
1,091
1,151
1,083
1,133
1,018
1,155
1,126
1,628
Smoking materials
do.
1,657
1,555
1,580
1,517
1,511
1,623
1,551
1,569
1,502
1,518
1, 368
Toilet goods, medical supplies..
_
do.
4,208
4,573
4, 537
4,293
4,212
4, 563
4,419
4,746
4, 952
4,559
4,964
5,240
All other
do.
2,265
2,936
2,4E6
2,136
2,296
2,476
2,516
2,067
3,317
2,023
2,201
2,136
Magazine advertising:
Cost, total...
do.
26, 272
24,894
24,280
24,952
21,703
20,027
19,921
27, 247
23,174 ' J8,C41 • 22,952 r25,795
25,127
Automobiles and accessories
_.do
2,055
1,721
1,844
1,831
1,773
1,694
2,038
l,S06
1,573 ' 1, 559 r 1, 957 2,110
1,859
Clothing...
_
do
1,724
2,240
1,962
1,192
609
2,351
1,932
1,382
2,445
1,530
8£4
1,701
2, 553
Electric household equipment
do
705
855
713
6C9
531
832
871
694
627
801
5G9
628
'778
' Revised. % Minor revisions in the data for 1939-41; revisions not shown in the August 1942 Survey are available on request; data are now collected quarterly.
•New series. The series on nonfarm mortgages recorded is compiled by the Federal Home Loan Bank Administration; regarding the basis of the estimates and data for January
1939 to September 1942, see note marked "*" on p. S-6 of the November 1942 Survey. The new index of advertising is compiled by J. K. Lasser & Co. for "Tide" magazine; the index
includes magazine and newspaper advertising, 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 compiling agency; the newspaper index is based on linage and other component series on advertising costs; data beginning
1936 are available on request.
*
tRevised series. The 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 published on a revised basis beginning in the April 1944 Survey; revised data beginning 1914 will be published later.
SURVEY OF CURRENT BUSINESS
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
S-7
1944
April
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Magazine advertising—Continued.
Cost—Continued.
456
Financial _
. thous. ofdol
Foods, food beverages, confections>
do
3,498
646
Gasoline and oil
do
Housefurnishings, e t c _
do
1,539
Soap, cleansers, etc
. „ _
do
755
436
Office furnishings and supplies.-_.-do
Smoking materials
.
do
686
Toilet goods, medical supplies
.
._ do
4,570
All other
do
8,534
4,039
Linage, total
_._
thous. of lines—
Newspaper advertising:
Linage, total (52 cities)
do
114, 085
Classified
do
26, 777
Display, total
_
do .
87, 308
2,869
Automotive
.
do
Financial
do
1,778
21,080
General
do
Retail
do
61, 581
481
3,581
545
1,061
804
426
969
4,219
8,417
3,709
476
3,619
593
1,154
697
440
959
4,086
7,973
3,456
417
3,153
498
985
722
313
830
3,863
7,348
2,993
365
3,088
528
485
558
254
794
3,658
7,326
3,277
281
2,822
493
585
551
301
667
3,584
6,935
3,541
475
3,324
488
1,145
598
526
901
4,119
8,553
3,992
497
3,855
423
1,417
750
379
1,050
4,744
8,873
4,088
441
3,691
385
1,059
641
456
1,001
4,588
8,019
3,772
379
3,293
279
1,051
487
436
973
3,977
8,395
3,212
422
' 2,864
183
599
444
326
771
2,933
' 7,136
3,572
r 435
' 3,452
345
656
676
••394
688
r
4 278
r
7, 742
3,916
r 434
3,680
388
1 144
688
440
r 7(59
r
4 210
r 8, 552
4,109
116,471
27,168
89,303
3,026
1,587
21,713
62,978
117,776
27,854
89,922
3,527
1,327
22,164
62,904
112,631
25, 929
86, 702
3,256
1,497
21,062
60,887
97,130
24,139
72, 991
2,923
1,758
18, 234
50,076
105,892
25,883
80,009
2,786
1, 222
17,881
58,120
112, 592
26, 009
86, 583
2,283
1,278
19, 870
63,151
129,177
27, 390
101,787
3,243
1,588
25, 599
71,357
128, 243
25,317
102,926
3,219
1,560
25,163
72,984
121, 751
24,058
97, 693
1,949
1,534
20, 631
73,578
97,927
24,090
73,837
1,868
2,004
17,124
52,841
95 804
22, 735
73,070
1 607
1,366
17 411
52, 687
116 628
26 480
90,147
2 354
1 837
20 045
65 911
86.1
86.6
87.4
87.5
87.9
86.4
86.4
87.3
87.2
86.3
86.9
86.4
7,009
8,078
8,379
8,672
5,938
110, 676
5,639
111, 672
5,481
112,130
5,297
110, 964
5, 532
126, 553
5, 383
120,021
5,783
129, 732
5,879
129, 781
6, 639
144,872
7,166
153, 951
6 001
128, 977
7 051
188, 365
15,596
238,989
13,715
171,884
13,318
175,852
11,915
161, 568
12, 964
179, 272
13,195
185,190
13, 639
194, 334
14, 281
200,810
14,120
197, 557
15,141
208, 793
13, 566
189, 330
16 503
264,121
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses §
percent of total
POSTAL BUSINESS
Air mail, pound-mile performance--__
millions
Money orders;
Domestic, issued (60 cities):
6,022
Number
_
thousands
Value
thous. of dol.. 152,610
Domestic, paid (50 cities):
13, 846
Number__ _
thousands
Value
thous. of doL- 220,527
CONSUMER EXPENDITURES
Estimated expenditures for goods and services:*
Total _
mil ofdol
Goods .._. ._
_
do
Services (including gifts)
do
Indexes:
Unadjusted, total. 1935-39=100
Goods.
do
Services (including gifts)
do
Adjusted, total.—
_
do
Goods
do
Services (includinggifts).
do
24,045
16,327
7, 718
24,499
16,741
7,758
26, 646
18, 839
7,807
163.6
174.4
144.6
162. 5
172.7
144.5
166. 7
178.8
145.4
168,2
180.6
146.5
181.3
201.2
146.3
170.4
183.8
146.8
v 24 380
v ]6 410
p 7,970
p
p
v
v
165 9
175 3
149 4
176 5
P 192 8
p 147 9
RETAIL TRADE
All retail stores:f
5,464
Estimated sales, total
mil. of doL_
5,981
6,214
5,717
5,462
5,487
5,856
5,513
6,135
5,710
7, 445
5,166
r 6, 347
Durable goods stores
do
809
838
892
848
830
1,004
742
689
914
876
777
898
840
222
229
247
228
Automotive group
do
234
286
273
258
244
223
229
207
240
Motor vehicles.
___
do
153
167
172
156
151
178
142
214
195
170
145
163
165
70
Parts and accessories
do
72
73
77
62
63
77
81
78
80
77
66
75
322
312
307
244
296
333
314
336
286
268
Building materials and hardware
»__do
340
340
316
Building materials
_ "do
191
192
192
187
193
150
171
205
211
169
217
158
187
37
29
33
31
25
Farm implements
___
do
39
33
26
41
42
37
25
35
94
90
88
88
92
86
103
74
99
86
68
Hardware
do
94
94
203
240
282
Homefurnishings group
do
208
182
195
226
189
214
236
209
178
214
164
192
226
144
156
184
149
165
171
188
Furniture and housefurnishings
do
168
141
172
49
39
56
39
41
40
43
48
Household appliance and radio
do_.._
42
43
39
37
43
101
62
213
52
70
61
Jewelry stores
_ _.
do "
70
75
62
60
70
70
r
4,655
5,338
6,441
4,878
5,150
5,237
4,477
Nondurable goods stores
___
do
4,817
4,720
4.941
4,665
5, 507
4,710
506
680
484
605
946
487
637
509
567
421
756
508
Apparel group
do
560
173
267
108
102
135
110
100
154
159
Men's clothing and furnishings
do
128
128
93
130
308
406
249
244
Women's apparel and accessories
do
250
240
291
302
380
256
256
188
216
100
146
Family and other appareldo___
71
67
91
102
69
70
85
61
79
79
72
Shoes—
_
do
99
126
79
73
90
117
79
75
94
78
104
96
90
239
228
246
328
216
241
243
223
235
217
233
237
Drugstores
„
__ do
230
805
844
802
746
812
818
840
Eating and drinking places
do
787
778
749
774
769
838
1,582
1,799
1,539
1,604
1,468
Food group
do
1,464
1,641
1,687
1,665
1,661
1,579
1,612
1,494
1,193
1, 356
1,093
1,209
1,162
Grocery and combination
do-._
1,248
1,284
1,240
1,097
1,138
1,197
1,229
1,267
389
443
375
394
Otherfood
do
393
403
425
366
356
394
378
ooo
382
220
223
225
207
190
232
227
224
217
232
Filling stations
_
do
231
235
201
764
1,116
1.464
773
1,041
815
1,011
833
940
General merchandise group
__.
do
884
735
834
819
744
929
487
651
683
Department, including mailorder
do
513
593
507
543
416
494
488
508
General, including general merchandise with
143
121
101
96
food
mil. of doL_
121
116
120
118
109
112
118
116
120
Other general merchandise and dry goods
84
mil.ofdoL.
117
168
80
105
110
110
94
102
88
94
96
90
Variety
_
do_
135
224
100
122
101
130
130
105
111
115
121
119
114
695
836
661
611
642
675
732
Other retail stores
_
do
643
635
681
644
604
648
174
195
162
170
188
181
176
218
Feed and farm supply
_
do
181
209
196
217
226
170
117
140
116
116
107
144
138
Fuel and ice
do
103
122
117
118
101
179
122
128
131
118
139
123
125
Liquors
„_
do
116
120
112
107
109
339
253
199
243
191
236
211
229
Other.
_
do
206
220
203
227
219
9 Preliminary. ' Eevised. § See note marked " § " on p. S~6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942.
*New series. The series on consumer expenditures, originally published on a monthly basis in the October 1942 Survey (pp. 8-14), are now compiled quarterly only (data are
quarterly totals) and have been adjusted to accord with the annual totals shown as a component of the gross national product series (see p. 5 of the February 1945 Survey for 1941-44
dollar totals and p. 13, table 10, of the April 1944 issue for 1939-40 totals); the quarterly data are shown on the revised basis beginning in the February 1945 issue; quarterly data beginning 1939 are available on request.
fKevised series. The following unpublished revisions have been made in the data on sales of retail stores as shown in the Survey prior to the February 1945 issue: Dollar sales
and indexes—all retail stores, total nondurable goods stores, total "other retail stores," and liquor stores, 1940-43; total durable goods stores, all series in the home-furnishings group
and feed and farm supply stores, 1941-43; filling stations, 1942-43; general merchandise group and department stores, 1943 (general merchandise group index revised also for 1941-42);
indexes only—automotive group, 1942-43; apparel group, November and December 1942; jewelry stores, November and December 1942 and November 1943. Revised 1941-43 data
for drug stores are shown on p. 16 of the November 1944 Survey. The unpublished revisions listed and January-May 1943 revisions for other series, also unpublished, are available
on request.
Revised figures for 1929,1933, and 1936-42, except as indicated above, are available on pp. 7 and 11-14 of the November 1943 Survey.
S-8
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
April
June 1945
1944
1945
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores—Continued.
Indexes of sales:!
179.4
177.7
171.9
174.6
169.5
172.7
185.3
189.7
197.3
227.1
173.0
Unadjusted, combined i n d e x . . .
1935-39=100..
168.7
113.6
111.6
101.1
1C6.9
113.1
128.5
108.5
93.1
111.6
Durable goods stores
do
92.2
104.4
100.0
200.9
199.3
189.4
196.1
210.8
215.1
224.7
259.3
199.0
Nondurable goods stores
do_._
193.6
197.5
195.3
175.5
175.0
177.4
178.7
178.
5
183.6
191.5
187.9
195.
2
Adjusted, combined index
do
175.5
169. 9
193.9
129.6
129.0
130.8
130.1
129.3
133.9
139.5
136.4
141.9
Index eliminating price changes
do_._
140.6
127.4
126.2
106.0
106.3
109.6
102.5
103.5
107.4
107.6
105.0
Durable goods stores
do___
111.8
105.3
100.5
111.5
63.8
59.7
54.3
57.7
53.3
56.5
48.9
Automotive
do
53.7
56.7
53.4
56.2
56.7
145.6
151.2
163.5
144.5
138.7
143.2
147.0
165.9
Building materials and hardware
do
148.8
164.0
157. 5
144.3
153.8
148.5
151.4
164. 5
175.6
156.0
176.3
164.5
171.0
Homefurnishings-.
do
151.2
144.9
168.4
285.7
275.1
310.2
321.1
327.0
332.3
347.3
345.4
345.3
Jewelry
do
317.4
320.8
264.0
197.5
198.0
201.2
201.5
203.3
208.4
218.9
214.9
222.4
Nondurable goods stores
do
198. 4
192.5
220.8
211.8
201.0
233.2
212.9
216.8
240.5
218.7
245.8
270.8
Apparel
.
do
211.2
204.7
256.5
192.8
195.3
192.9
193.5
199.3
209. 5
218.0
200.3
207.3
Drug
do
200.4
195.3
188.0
299.1
352.2
296. 2
336.1
294.6
291.7
304.8
320.2
328.1
Eating and drinking places
.
do
316.7
301.5
353.3
199.9
203.2
204.5
212.1
215.4
211.3
203.3
204.7
208.1
Food
-do
195. 3
190.8
212.8
103.3
104.8
101.2
98.1
100.7
105.4
108.5
112.3
115.8
Filling stations
do
114.9
107.9
98.6
168.4
163.5
173.4
176.6
172.6
176.3
192.0
General merchandise
do
178.6
190.2
165.6
161.5
186. 0
218.3
218.7
225.3
223.5
218.8
Other retail stores
__.do
230. 7
234.2
237.1
246.0
242.3
217.6
216.5
Estimated inventories, total*
mil. of doL.
6.361
6,314
6,166
6,521
6,602
6,779
6,665
5,869
6,163
5,906
6,533
6,343
Durable goods stores*
do
1,910
1,869
1,849
1,906
1,909
1,914
1,869
1,627
1,781
1,686
1,891
1,874
4,451
4,445
4, 693
4,242
4,382
Nondurable goods stores*....
do
4,615
4,865
4,317
4.796
4,642
4,469
4,220
Chain stores and mail-order houses:
1,266
1,181
1,252
1,296
1,120
1,214
1,239
1,338
1,392
Sales, estimated, total*_
do
1,726
1,404
1,168
Automotive parts and accessories*
do
21
21
24
27
27
26
26
27
31
19
30
20
47
41
45
49
34
46
Building materials*.__
_
_
do
52
54
39
48
48
40
14
13
14
13
12
14
21
11
Furniture and housefuraishings*
do
13
17
18
11
Apparel group*
_
do
154
185
178
165
134
143
180
186
193
260
140
145
21
27
26
25
Men's wear*_
_
.....do
32
19
43
16
26
32
16
21
Women's wear*
do
84
91
90
80
76
70
94
96
131
80
98
78
Shoes*
__.
_
do
37
52
48
46
38
35
45
42
46
64
33
35
52
53
55
54
55
Drug*
_
do
58
50
55
56
57
78
53
Eating and drinking*
_
_
do
41
41
43
42
42
43
44
40
43
42
46
44
351
386
397
359
Grocery and combination*
do
400
404
399
444
405
383
387
374
General merchandise group*
do
310
328
340
320
404
284
297
332
560
370
429
290
i Department, dry goods, and general merchan169
174
187
175
dise*
_
mil. of dol..
140
162
174
197
215
228
296
145
Mail-order (catalog sales)*
do
42
41
42
39
31
68
60
50
50
60
76
51
Variety*
„
do
91
105
103
99
87
99
105
194
96
113
116
87
Indexes of sales:
163.8
167.4
169. 7
Unadjusted, combined index*
_._ 1935-39= 100_.
172.4
161.3
159.9
176.4
162.2
187.1
192.8
225.7
156.9
Adjusted, combined index*
do
169.9
168.1
172.2
183.7
175.8
172.7
177.3
178.0
182.6
185.4
163.9
163.4
Automotive parts and accessories*
do
127.4
126.7
140.5
137.0
141.8
153.4
173.6
127.3
156.1
123.0
119.5
131.0
Building materials*
__do
150.6
166.
6
179. 2
190.7
149.4
146.3
159.7
163.9
178.1
181.5
159.4
180.0
Furniture and housefurnishings*
__do
120.3
133.0
132.4
114.1
127.4
139. /
141.0
134.1
134.0
135.2
134. 2
120.0
Apparel group*
do
217.2
199.9
271.4
213.5
235.5
229.7
223.6
226.8
242.2
270.2
208.5
212.6
Men's wear*
do
190.9
169.0
196.2
195.4
162.6
200.4
187.1
197.1
200.0
181.1
157.0
171.2
Women's wear*
do
301.4
272.2
382.6
283.8
326.4
300.1
329.4
324.0
330.7
305.1
296.6
385.2
Shoes*
_
_.do
145.8
144.1
200.2
170.7
165.1
132.8
141.7
177.7
177.0
204.8
137.5
151.1
Drug*
do
182.7
184.7
180.3
186.7
195.4
187.6
190.1
190.4
186.5
178.1
182.1
181.5
Eating and drinking*
_
do
184.2
189.2
189.6
174.0
188.6
177.9
180.9
187.5
182.7
193.1
176. 9
175.2
Grocery and combination*
do
178.7
182.1
177.0
183.4
186.5
183.6
182.6
179.6
179.4
180.3
164. 9
169.3
General merchandise group*
do
161.7
168.7
165.2
186.8
168.9
177.3
178.5
173.1
188.1
160. 7
160.2
190.7
Department, dry goods, and general merchan177.4
170.8
dise*
1935-39=100..
188.6
179.1
204.0
184.3
192. 2
210.6
191.0
194.0
182.7
208.4
Mail-order*
_
do
116.1
114.3
174.6
126.3
158.5
163. 3
135.6
157.2
123.3
174.1
122.3
124.0
Variety*
do
159.1
165.5
165.2
155.6
175.7
169.6
157.8
161.8
154.1
161.7
164.0
171.2
Department stores:
Accounts receivable:
37
38
36
Instalment accounts§
1941 average=100~
34
40
32
32
35
33
46
40
43
Open accounts§,
do
88
79
82
78
84
67
102
81
90
70
128
'97
Ratio of collections to accounts receivable:
30
31
33
31
Instalment accounts§
percent. _
30
30
34
39
39
35
36
32
62
63
64
63
Open accounts§
_
do
61
61
64
64
65
67
61
61
Sales, unadjusted, total U. S.f
1935-39=100..
175
178
163
142
320
171
157
209
196
248
156
'172
228
228
228
199
235
Atlanta!
do
315
197
218
273
257
418
215
Boston!
do
155
161
162
144
110
118
184
207
300
130
170
132
168
166
170
160
139
162
Chicagof
—do
151
185
231
197
295
147
171
172
179
157
163
204
Cleveland!
do
140
159
244
303
191
145
228
228
228
203
239
194
272
421
Dallasf
_
do
265
314
220
211
194
177
194
339
168
191
226
Kansas City!
do
220
264
v 195
' 183
178
157
159
144
160
151
269
130
154
179
184
218
Minneapolis!
do
136
143
137
142
132
207
270
137
100
173
110
158
New York!
do
124
152
161
143
149
117
231
123
173
190
305
Philadelphia!
do
133
' 158
193
••194
210
183
369
191
151
231
'177
'249
294
Richmond!. ___
_
_
_do
174
192
183
197
170
154
212
221
187
333
178
268
St. Louis!
_
do
173
205
192
203
193
185
217
202
299
373
226
238
San Francisco
___
do_._.
197
181
'173
181
' 176
192
211
194
'194
187
183
Sales, adjusted, total U. S.! ._
_
__.do
'208
'199
235
222
233
237
263
274
Atlanta!
do
245
247
260
269
258
268
157
157
164
151
154
166
Boston!
do
165
174
160
156
177
162
170
165
167
163
187
192
Chicago!
do
200
168
180
180
201
193
174
'
1
6
8
181
166
191
204
Cleveland!.
do
182
203
190
180
190
186
240
232
228
245
Dallas!
_
do
266
252
241
284
250
264
263
261
181
192
192
Kansas City!
do
212
204
200
215
246
244
208
v 199
241
Minneapolis!...
do
158
157
158
151
162
165
173
158
189
175
208
181
150
' 141
'144
New York!
do
150
149
152
151
166
149
'162
'158
150
Philadelphia!
.do____
162
'161
168
159
158
168
183
189
170
170
171
173
r
Richmond!
do
210
'200
211
207
'214
'211
'218
'227
'231
'220
'238
' 231
St. Louis!.
do
188
173
197
189
215
207
193
235
236
208
207
211
San Francisco
do
219
201
216
210
221
223
228
217
253
233
257
247
r> Preliminary. ' Revised.
§ Minor revisions in the figures prior to November 1941 are available on request.
* New series. Data for 1929, 1933, and 1935-42 for the new chain store series are available on pp. 15 to 17, tables % 3, and 4, of the February 1944 Survey except for subsequent
revisions as follows: The totals and furniture and house furnishings (dollar figures and indexes) have been revised back to January 1940 and the indexes for all series in the general
merchandise group, except mail-order, back to January 1942; indexes for the apparel group and women's wear for November and December 1942; the latter revisions and revisions
beginning December 1943 for other series are in the February 1945 Survey; earlier revisions for the series listed and January-March 1943 revisions for other series, which have not been
published, are also available on request. Data beginning 1939 for the new estimates of retail inventories will be published later.
!Revised series. See note marked " ! " on p. S-7 regarding revision of the indexes of retail sales and the source of earlier data. The indexes of department store sales for the United
States and the indicated districts have been revised for all years. The Boston index is a new series from the Board of Governors of the Federal Reserve System. Revised data
beginning 1919 or 1923 for three series are published as follows: United States, December 1944 Survey, p. 17; Dallas, February 1944, p. 20; Richmond, June 1944, p 22 (further revisions
in May 1943-March 1944 adjusted index for Richmond: 1943—May, 183; June, 201; July, 197; Sept. 196; Oct. 194; Nov. 199; D e c , 197; 1944—Jan., 202; Feb., 198; Mar., 213). Complete
data^for other districts will be published later; indexes for ^Atlanta have been shown on the revised basis beginning in the February 1944 Survey and for other districts beginning in
t h e J u n e 1944 issue (further revisions in 1943 d a t a for N e w Y o r k : Unadjusted, J u l y , 92; adjusted- - M a r . , 132; A p r . , 129; J u n e , 133; J u l y , 137; N o v . , 143; D e c , 133: M a r c h 1944 adjusted
http://fraser.stlouisfed.org/
index revised, 153).
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
S-9
1945
1944
April
April
May
July
June
August
September
DecemOctober November
ber
January
February
March
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Department stores—Continued.
Sales by type of credit:*
62
Cash sales
.percent of total sales..
35
Charge account sales
...do
3
Instalment sales
do
Stocks, total U. S., end of month:f
Unadjusted
1935-39-= 100.
»162
Adjusted
do
*>156
Other stores, ratio of collections to account ler eivable,
instalment accounts:*
22
Furniture stores
percent.
36
Household appliance stores.
do...
33
Jewelry stores
..
do...
Mail-order and store sales:
Total sales, 2 companies.
thous. of doi. 126,547
Montgomery Ward & Co
_..
do
50,905
75,642
Sears, Roebuck & Co
do-..
Rural sales of general merchandise:
184.2
Total U. 8., unadjusted
1929-31 = 100.
182.4
East
.do...
245.5
South..
do...
158.4
Middle West
do...
Far West
do_._
200.7
200.4
Total U. 8., adjusted
do...
191.3
East
do...
South
do...
278.7
169.6
Middle West
do...
Far West.
..do.__
224.7
62
34
4
62
34
4
63
34
3
tffi
31
4
64
32
4
63
33
4
63
33
4
62
34
4
64
32
4
63
33
4
63
33
4
' 151
145
151
147
150
157
148
165
163
170
167
161
172
154
166
144
127
136
133
148
141
148
34
'3
'150
'147
23
26
28
25
26
30
24
28
30
23
29
31
24
32
31
24
33
32
26
36
34
24
37
34
23
39
49
21
'35
31
21
'32
30
24
36
'33
123,675
48,247
75,428
131,971
50,160
81,810
123,969
47,105
76,864
111,687
43,888
67, 799
131, 234
52, 208
79,026
153,349
63,686
89,662
172, 499
70, 475
102, 024
184,434
74, 749
109, 684
196, 291
76,468
119,823
120,127
45,633
74,494
114, 463
44, 562
69,901
158, 574
65, 572
93,002
172.7
164.0
228.0
151.2
188.4
187.9
172.0
258.8
161.9
211.0
161.4
151.8
205.4
143.0
181.1
175.8
165.0
242.2
151.0
201.4
155.4
141.5
198. 4
138.2
194.4
170.6
154.1
246.8
146.4
204.0
133.9
109.7
171.2
120.4
173. 6
183.5
154.1
252.2
163.]
211.7
180. 3
169.9
224.4
162.5
210.0
220.4
213.1
311.2
197.0
228.1
222.7
210. 3
324.5
186.2
250.8
210.7
213.9
294.0
181.6
214.4
246.1
246.6
345.0
212.4
258.3
189.5
191.6
232.8
167.2
215.1
285.0
286.1
294.9
245.0
324.3
219.0
221.9
287.6
186.9
267.4
245.5
213.7
327.1
217.8
296.7
153.5
128.3
217.8
139.6
181.8
183.2
174.4
258.9
158.1
203.4
240.8
229.5
327.3
206.7
276.8
199.6
200. 6
304.1
168.1
199.1
246.7
245. 2
333.5
211.4
269.1
233.3
234.8
320.9
205. 0
236. 2
265. 7
261.5
355. 4
231.4
287.0
3,314
840
2,474
4,121
3,465
868
2,597
4,146
3,486
882
2,604
4,088
3,282
813
2,469
4,043
3, 490
893
2,597
3,987
3,430
854
2,576
3,995
3,610
878
2,732
3,999
3,551
861
2, 660
3,987
3,505
802
2,703
4,002
3,548
807
2,741
3,978
' 3, 213
796
' 2,417
3,927
' 3, 646
'919
' 2,727
3,923
51,430
33, 660
17,770
50,550
33,170
17, 380
6,790
43, 760
51, 660
33,720
17,940
50, 830
33, 230
17, 600
7, 290
43, 540
830
WHOLESALE TRADE
Service and limited function wholesalers:*
Estimated sales, total
mil. of dol.
Durable goods establishments
do___
Nondurable goods establishments.do...
All wholesalers, estimated inventories*
do...
3,296
871
2,425
3,946
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Estimated civilian labor force (Bureau of the Census):*
Labor force, total
thous..
Male
do
Female
do
Employment
do
Male.
do
Female
do
Agricultural
_ do
Nonagricultural
.
do
V nemploy ment
do
Employees in nonagricultural establishments:!
Unadjusted (U. 8. Department of Labor):
Total
...thous..
Manufacturing
do
Mining
do
Construction
do
Transportation and public utilities..
do
Trade
.do_...
Financial, service, and miscellaneous
do....
Government
do
Adjusted (Federal Reserve):
Total..
do
Manufacturing
do
Mining
do
Construction
do
Transportation and public utilities
do
Trade
do
Estimated wage earners in manufacturing industries,
total (U. S. Department of Labor) *
tbous..
Durable goods
...
do
Iron and steel and their products
do
Blast furnaces, steel works, and rolling mills
thous..
Electrical machinery
_
...do
Machinery, except electrical
do
Machinery and machine-shop products
do....
Machine tools
do
Automobiles..
... .
do
Transportation equipment, exc. automobiles__do
Aircraft and parts (except engines) §
do
Aircraft engines§
..do
Shipbuilding and boatbuilding§___.._
do
Nonferrous metals and products...
do
r
51,930
33,840
18,090
51,160
33, 410
17,750
7,750
43,410
770
52,060
34,880
17,180
51,290
34,440
16,850
7,600
43,790
770
52,840
34,910
17,930
61,960
34,490
17,470
8,600
43, 360
880
54, 220
35, 540
18,680
53, 220
35,040
18,180
9,560
43, 660
1.C00
55,000
35,890
19,110
54,000
35, 410
18, 590
9,670
44,330
1,000
54,010
35, 570
18, 440
53,170
35,140
18,030
8,570
44,600
840
53,030
34,590
18,440
52, 250
34,190
18,060
8,670
43, 580
780
52,870
34, 410
18, 460
52, 240
34,100
18,140
8,750
43,490
630
52,210
34,060
18,150
51,530
33, 710
17,820
8,140
43,390
680
51,250
33, 720
17, 530
50,570
33, 320
17, 250
7,090
43,480
680
50,960
33,650
17,310
50,120
33,160
16,960
37,750
15,103
772
646
3,797
6,988
4,441
6,003
38,689
16,309
844
683
3,744
6,968
4,236
5,905
38,672
16,122
839
686
3,768
6,962
4,363
5,932
16,093
844
691
3,803
6,977
4,542
5,896
38, 731
16,013
833
686
3,809
6,942
4,618
5,830
88,744
16,023
834
7C0
3,818
6,918
4,582
5,869
38, 571
15,843
826
671
3,791
6,994
4,488
5, 958
38,360
15, 692
816
652
3,767
7,148
4,340
5,945
38, 347
15,607
812
629
3,771
7,299
4,315
5,914
38,889
15, 632
806
594
3,770
7,611
4,304
6,172
' 37,952
15,555
801
'682
3,740
7,030
4,350
5,894
• 37,957
' 15, 517
' 3,771
' 6,985
4,360
5,938
' 38, 026
' 15, 375
796
'619
' 3, 788
' 7,078
4,377
5,993
37,919
15,179
776
680
3,816
7,002
38,865
16, 391
848
739
3,763
38, 749
16, 203
843
673
3,768
6,997
38,7fi6
16, 093
848
677
3,765
7,012
38,700
16,013
833
653
3,753
7,084
38,654
15,943
830
648
3,762
7,059
38,400
15, 764
822
627
3,735
7,065
38,159
15,614
812
609
3,748
7,077
38,044
15, 529
808
611
3,771
7,052
38,164
15, 554
802
619
3,789
7,015
' 38,426
15,633
805
'633
3,797
7,210
• 38,457
• 15, 595
'802
'646
' 3,848
r
7,164
• 38,419
• 15, 452
79G
r
673
' 3,846
' 7, 208
12, 674
7,471
1,628
13,814
8,421
1,680
13, 652
8,315
1,669
13, 610
8,246
1,672
13, 544
8,144
1,669
13, 562
8,105
1,675
13,406
7,968
1,659
13, 250
7,854
1,646
13,161
7,789
1,637
13,191
7,804
1,651
13,117
7,797
1,657
• 13,081
7,770
1,666
' 12,940
' 7,661
' 1,658
486
755
1,227
476
80
724
2,442
764
259
1,193
432
482
747
1,211
470
79
710
2,401
742
255
1,179
426
482
745
1,210
468
79
703
2,334
710
251
1,152
423
481
736
1,194
462
77
691
2,275
692
248
1,117
416
482
732
1,183
461
76
697
2,236
688
241
1,092
415
477
726
1,169
454
76
691
2,179
660
234
1,074
405
474
716
1,158
450
75
673
2,139
648
226
1,054
398
474
707
1,149
446
74
669
2,108
633
219
1,046
395
475
702
1,159
450
74
677
2,096
636
215
1,037
397
475
698
1,163
452
74
682
2,082
'640
'213
1,021
478
696
1,165
454
75
680
2,042
'646
••214
973
403
479
'693
' 1,152
450
75
'660
' 1,970
638
211
917
'407
683
1,128
656
1,875
404
43,430
840
§ For 1941-43 data for shipbuilding, see p. 19 of December 1944 Survey; revisions prior to March 1944 for aircraft will be shown later.
> Preliminary.
*New series. The new series on department store sales by type of credit have been substituted for the series relating to instalment sales of New England stores shown in the Survey
through the July 1944 issue; data beginning January 1941 will be published later. 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. Data beginning 1939 for estimates of wholesale sales will be published later; for estimates of wholesalers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. Estimates of civilian labor force, employment, and unemployment are shown on a
revised basis beginning in the May 1944 Survey; revisions for 1940-1943 are shown on p. 23 of the February 1945 issue. See note marked "*" on p. S-10 regarding the new series on wage
earners in manufacturing industries.
tRevised series. The index of department store stocks published on a 1923-25 base through the May 1944 Survey has been recomputed on a 1935-39 base. The estimates of
employee? in nonagricultural establishments have been revised beginning 1939, by months, to adjust figures to levels indicated by data through 1942 from the Bureau of Employment
Security. Federal Security Agency, and to other data collected by government agencies; annual data for 3929-38 have been revised to a comparable basis; monthly averages for 1939-43
and 1943 monthly figures for the unadjusted series are available on p. 3 of the June 1944 Survey; all revisions will be published later. The estimates for manufacturing employees are
not comparable since December 1942 with the series on wage earners in manufacturing shown above, since the latter have been further adjusted to preliminary 1943 data from the
Federal Security Agency.
Revised.
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may he found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Estimated wage earners In mfg. Industries—Continued. *
Durable goods—Continued.
462
476
484
471
459
475
474
452
Lumber and timber basic products
thous..
480
450
445
450
227
235
240
226
234
232
233
238
Sawmills
do
221
219
219
345
348
337
338
347
342
346
339
340
341
Furniture and finished lumber products
-do
330
339
158
157
153
159
156
153
157
153
Furniture
do
154
154
153
338
335
327
339
335
325
322
330
Stone, clay, and glass products
...do
337
329
327
328
T
5,364
5,457
5,372
5,337
5,203
Nondurable goods...
do
5,400
5,438
5,
311
5,387
5,320
Textile-mill products and other fiber manufactures
1,072
1,083
1,076
1,075
1.045
1,128
1,081
1,092
1,104
1,088
thous-1,110
1, 083
424
445
429
434
431
Cotton manufactures, except small wares...do
436
434
429
438
433
428
91
89
89
90
90
Silk and rayon goods
do
90
89
Woolen and worsted manufactures (except dyeing
146
145
146
155
152
147
151
146
146
and
finishing)
thous.148
147
861
858
856
879
862
854
867
838
851
819
Apparel and other finished textile products..-do
838
837
208
211
208
214
213
206
214
208
Men's clothing
do
205
202
201
219
215
216
221
213
218
217
205
214
Women's clothing
do
217
215
308
312
309
305
315
312
3J0
313
312
Leather and leather products
do
312
311
310
171
174
172
175
174
172
175
174
173
173
Boots and shoes
-do
173
1,113
1,163
1,170
1,002
1, 005
1,074
1,038
1,120
972
1,054
997
Food and kindred products
..do
1,013
262
259
256
255
254
265
257
258
265
257
Baking
do
257
180
220
244
100
100
134
111
177
114
101
Canning and preserving
-do
105
148
156
151
156
155
149
158
159
Slaughtering and meat packing
,_do
155
145
155
83
82
83
83
82
82
83
82
84
85
81
Tobacco manufactures
.do
82
306
310
311
311
304
314
311
308
301
312
310
Paper and allied products
do
309
144
147
146
146
145
146
145
145
148
147
Paper and pulp
..do
147
331
331
330
333
325
332
329
333
335
330
Printing, publishing, and allied industries
do..331
110
110
110
110
109
109
110
110
111
ill
Newspapers and periodicals
do
no
133
133
132
135
130
133
131
135
134
136
Printing, book and job
do...
134
601
589
584
584
593
601
592
607
635
621
Chemicals and allied products
do...
638
628
116
118
120
119
117
120
120
115
115
116
Chemicals
do...
115
132
135
132
134
133
128
130
132
133
133
134
Products of petroleum and coal
do
133
92
91
90
91
89
91
91
86
Petroleum refining
__do
87
90
'91
192
193
192
195
193
192
192
197
195
192
Rubber products.
...do
197
n>8
92
92
89
91
92
93
94
96
Rubber tires and inner tubes
do—
90
90
97
Wage earners, all manufacturing, unadjusted (U. S.
166.1
165. 3
154.7
159.7
165.6
163.6
168.6
161.7
166.7
161.0
Department of Labor)f
...1939=100160.1
ieo.7
206. 9
215.2
228. 4
225. 5
224.5
220.7
233.2
230.3
217.5
216.1
Durable goods
do—
215.9
215.7
164.2
168.7
168.3
168.3
168.0
168.9
167.3
169.4
166.0
166.5
Iron and steel and their products
do
167.1
165.2
Blast furnaces, steel works, and rolling mills
121.9
122.2
123.1
123.8
124.1
122.7
125.0
1939=100.
124.0
124.0
122.0
122.2
263. 5
276.3
284.0
282.4
280.4
291. 5
271.1
268. 6
Electrical machinery
-do..
287.7
288.4
272.9
269.2
213.5
219.2
220.4
219.2
225.9
223.9
221.2
232.2
Machinery, except electrical
-do
229.0
229.2
217.5
220.0
222.3
228.4
227.7
224.3
235.1
222.2
224.5
231.3
220.2
Machinery and machine-shop products
do
232.1
223.3
204. 3
210.2
207.4
206. 5
219.4
214.4
204.0
202.2
202.8
216.0
202.8
Machine tools % —
do.
163.1
171.8
173.2
169.1
174.6
167.4
166. 3
168.3
171.8
180.1
176. 5
169.4
Automobiles
do.
1,433.4
1,408.8
1,470.7
1,327.8 1,320.7 1,311.7 1, 286. 6
1,373.2 1,347.8
1,538. 3
1,181.1
1,512.7
Transportation equipment, PXC. automobiles.do
1,925.1 1,869.9 1,789. 3 1, 744. 7 1, 733.1 1,663.4 1,632. 5 1,594.8 1, 603.5 n, 612. 7 r 1,629.1
Aircraft and parts (excluding engines) §...do
2,912.5 2, 872. 3 2,822.1 2, 787. 9 2, 708. 5 2, 626.4 2, 545. 8 2, 466.1 2,422. 0 ' 2, 394. 8 r 2,403.5
Aircraftengines §
_. d o 1,722.5 1,703.2 1.664. 2 1,612.7 1,577.1 1,551.4 1,522.5 1,510.2 1,498.0 1, 474. 2 1, 405. 2
Shipbuilding and boatbuilding §
do176.4
176.0
184. 5
188.3
173.6
173.1
181.4
176.8
185.7
172.1
180.9
Nonferrous metals and products..
do
173.6
105.9
113.3
113.1
109.8
114.2
112.1
112.9
109.2
107.6
107. 0
115.1
107.1
Lumber and timber basic products....-do
76.0
81.7
80.4
78.9
82.5
81.1
80.7
78.5
83.4
76.7
Sawmills
do
75.9
105. 3
100.7
102.8
105.3
103.4
105.8
104.3
103.1
103.6
103.9
106.0
103. 3
Furniture and finished lumber products
do—
95.8
86.5
96.8
98.3
96.3
100.1
97.9
95.9
99.0
93.8
96. 1
Furniture
do
109.9
110.9
114.7
112.2
115.6
114.2
112.3
111.3
115.0
114.2
111.4
Stone, clay, and glass products
do
111.6
113.6
'115.9
117.8
117.9
117.7
117.1
119.1
118.7
116.5
117.3
117.6
116.1
Nondurable goods
do
Textile-mill products and other fiber manufactures
95.1
93.7
94.0
96.6
94.1
97.1
94.5
95.5
94.7
98.6
1939=100..
94.7
107.1
109. 6
108.3
110.0
108.0
112.5
108.9
110.6
108.2
109.5
Cotton manufactures, except small wares ._do
109.3
73.6
74.4
73.9
76.3
73.7
74.7
74.1
74.8
75.0
74.1
74. 1
Silk and rayon goods
-do
Woolen and worsted manufactures (except dyeing
97.8
101.4
97.0
97.7
99.4
97.8
103.9
98.4
97.8
102.0
98.3
and
finishing)
1939=100.
103. 7
109.0
109.8
108.7
108.4
111.3
108.1
106.1
109.2
106. 1
107.8
106.0
Apparel and other finished textile products.._do_.-95.3
97.8
96.3
95.2
97.9
94.1
95.2
97.3
93.5
92.5
92.0
Men's clothing.
_do.
80.5
79.7
79.0
79.6
81.5
80.1
75. 5
78.6
79.8
78.6
79.0
vVomen's clothing
do.
88.8
90.3
89.9
88.9
90.9
89.4
90.0
89.9
88.0
89.2
89.8
89.5
Leather and leather products
do
78.5
80.2
79.7
78.9
80.3
79.0
79.8
79.7
79.5
79.4
79.2
Boots and shoes
do.
130.3
121. 5
136.1
137.0
117.2
125. 7
131.1
117.6
" 113.7
123.3
116.7
118.6
Food and kindred products
do.
113.3
111.6
112.0
110.8
110.5
114.8
112.0
110.1
111.5
114.8
111.4
Baking
do.
133.9
82.2
163.4
181.8
74.1
99.9
131.8
74.3
84.6
78.3
75.2
Canning and preserving
do.
122.7
130.9
129.7
125.0
129.6
123.7
131.7
128.3
129.0
128.4
120.3
Slaughtering and meat packing.
do.
89.2
89.4
88.2
88.0
89.4
90.1
88.6
88.3
86.4
88.1
90.7
88.1
Tobacco manufactures
.do.
115.1
117.0
116.8
114.7
118.3
116.0
117.2
117.1
113.3
117.4
116.7
116.5
Paper and allied products,..do
104.7
106.2
106.8
105.7
106.2
105. 5
106.4
105.4
107.1
107.3
107.2
Paper and pulp
.do
100.8
100.7
101.0
99.2
101.2
101.4
101.5
100.2
102.3
100. 5
99.0
100.8
Printing, publishing, and allied industries
do
92.9
93.1
92.9
92.1
92.9
93.3
92.5
92.7
93.8
91.7
92.3
Newspapers and periodicals§
do.
105. 5
104.6
105. 5
103.2
104.9
106.4
106.9
103.6
107.2
' 106.2
' 106. 0
Printing, book and jobs
.do.
208. 7
202.7
204. 5
205. 6
208.6
210.6
202. 5
205.4
215.4
221.3
220.2
217.8
Chemicals and allied products
do
166.6
171.8
170.0
168.1
172.7
165. 5
170.9
172. 5
165.7
166. 0
165.5
Chemicals...
do.
125.0
124.2
127.2
126.1
121.0
125.1
126.6
122.7
125.3
126.1
" 126.1
126.0
Products of petroleum and coal
do.
r
T
123.6
121.8
125.5
124. 6
117.9
124. 0
124.3
120.0
124.7
125. 6
125. 5
Petroleum refining
do.
158. 5
159.2
159.5
159. 0
162.8
159. 1
158.8
161.2
163. 4
~ 158.1
161.6
163. 2
Rubber products
do.
170.6
164.8
168.5
170.6
169.3
171.4
165.6
166. 5
178.0
174.1
178.5
Rubber tires and inner tubes
do.
161.0
166.7
164.1
162.6
169.4
160.3
165.2
167.7
155.4
160.7
160.2
161.0
Wage earners, all mfg., adjusted (Fed. Res.)t
do
217.3
228.2
224.1
220.4
233.4
215.6
225. 3
230.3
207.1
215.7
216.1
216.3
Durable goods
do
116.6
118.3
116.8 |
117.0
118.9
T
116.7
117.9
118.3
114.7
117.0
116.5
117.3
Nondurable goods
..do
f
Revised.
X For data for December 1941-July 1942 see note marked lit" on p. S-10 of the November 1943 Survey.
§ For revised 1941-43 data for shipbuilding see p. 19 of the December 1944 Survey; data for aircraft and parts have also been revised beginning 1941; revisions through February 1944
for this industry and data for 1939 to February 1944 for aircraft engines, not included in the Survey prior to the May 1945 issue, will be published later. Data beginning 1939 for the
printing and publishing subgroups will also be shown later (see November 1943 Survey for data beginning August 1942).
•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 the
Survey beginning with the December 1942 issue, except as indicated in note marked " § " on p. S-9, 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 beginningr in the March 1945 issue and are not comparable with data in earlier issues.
fRevised series. 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 as indicated in notes marked "V and " § " above) and 1939-40 data for all manufacturing, durable goods, nondurable goods, and the industry groups, see
pp. 23-24 of the December 1942 Survey; for 1941 data for the totals and the industry groups, see p. 28, table 3, of the March 1943 issue. Data beginning 1942 for the totals and the
industry groups have recently been revised to adjust the indexes to levels indicated by final 1942 and preliminary 1943 data from the Bureau of Employment Security of the Federal
Security Agency; data beginning January 1944 were revised in the March 1945 Survey; 1942-43 rfvisions will be published later. The seasonally adjusted employment indexes are
shown on a revised basis beginning in the March 1945 Survey; the adjusted indexes are available only for the totals shown.
SURVEY OF CURRENT BUSINESS
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
S-ll
1944
April
May
June
July
EMPLOYMENT CONDITIONS AND
1945
SepAugust tember
October
Novem- December
ber
January
February
March
WAGES—Continued
EMPLOYMENT—Continued
Nonmanufaeturing, unadjusted (U. S. Dept. of Labor):
Mining:!
Anthracite
1039=100.
Bituminous coal
...do...
Metalliferous
do
Quarrying and nonmetallic
do
Crude petroleum and natural gasf
do___
Public utilities:!
Electric light and power.
do._.
Street railways and busses
do
Telegraph
_
do.._
Telephone
_
do...
Services:!
Dyeing and cleaning
do...
Power laundries
do.__
Year-round hotels...
do...
Trade:
Retail, totalf
..do...
Food*
do...
General merchandising!
do...
Wholesale!
do...
Water transportation*
do
Miscellaneous employment data:
Federal and State highways, totalt
...number.
Construction (Federal 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...
84.2
77.9
82.6
97.1
96.2
84.1
82.0
82.7
96.0
93.6
84.5
82.5
83.0
96.1
91.1
85.8
83.6
77.9
94.7
87.6
86.4
84.1
77.9
95.0
85.5
86.7
84.1
81.5
93.9
82.4
84.3
83.0
80.5
92.3
80.4
83.0
82.7
79.9
91.8
79.2
82.2
82.1
79,2
91.3
78.5
79.6
82.1
79.0
'91.1
'78.4
75.6
82.1
79.2
'90.8
'78.1
75.4
82.4
79.0
'90.2
'78.4
76.6
82.6
81.8
118.0
118.6
126.9
83.1
119.2
122.3
128.1
82.8
119.1
121.9
128.2
83.1
119.1
123.1
128.5
83.2
118.8
123.9
129.7
83.2
118.9
122.8
129.6
82.6
118.6
122.2
128.2
82.1
117.7
122.1
127.1
82.1
117.7
121.7
127.1
82.0
117.7
121.7
126.7
82.0
117.3
120.2
126.1
82.2
118.4
119.2
127.0
'82.1
118.8
'118.9
' 127.2
]20.1
104.4
107.7
120.7
109.5
109. 2
124.8
110.1
109.0
126.9
112.4
109.4
122.3
112.1
109.2
118.4
109.0
109.4
118.4
106.8
109.0
119.8
108.0
109.6
117.1
107.6
110.3
114.5
107.8
110.5
112.0
106.3
110.2
112.8
105.4
109.6
'117.4
' 105. 5
' 109.0
66.8
97.7
106.9
110.9
95.1
226.1
107.3
108.5
04.4
233.5
96.6
106.3
107.7
95.0
238.9
95.5
106.4
104.5
95.1
249.1
94.1
104.6
102.4
95.5
255.3
96.6
106.3
109.2
95.0
258.7
99.7
108.8
116.7
96.0
257.2
103.2
109.0
127.4
96.8
267.7
111.9
110.2
152.2
97.1
274.5
98.3
107.2
114.2
95.7
272.6
97.2
106.7
111.4
95.7
281.6
'99.3
105.7
117.5
'95.3
' 290.4
127,889
20. 353
¥4, C05
136,050
24,802
87,446
f 0,133
16,103
(P,546
156,865
33,528
98,190
159,944
33,828
100, 724
126, 312 125,122 122,435
16, 959 11,994 10,853
89, 512 88,006
85,559
117,612
11,305
82,553
2,915
254
2,853
264
2,866
264
2.918
270
2,941
271
2,909
265
2,881
259
2,878
258
2,876
257
2,860
255
256
2,919
256
2,920
256
139.3
141.6
1,440
138.4
J4C.6
1,453
139.6
140.2
1,476
141.8
JSP. 9
1,471
141.4
138.4
1,477
142.0
139.1
J. 454
139.7
136.3
1,438
138. 2
133.7
1,435
137.9
136.7
1,431
137.2
139.4
1,421
136.6
142.0
1,441
' 138. 5
' 142.0
1,451
139.3
142.9
45.2
45.0
46.5
46. 5
45.5
45.3
46.6
46.8
45.9
45.4
46.8
46.8
45.4
44.6
45.7
46.0
45.6
45.2
46.6
46.7
45.6
44.8
46.1
46.6
45.7
45.5
47.1
47.2
45.6
45.3
46.7
46.8
45.8
45.6
47.1
47.4
46.2
45.4
46.8
46.9
46.0
45.5
46.9
47.0
46.2
45.5
46.9
47.1
45.9
46.2
48.8
48.1
50.7
46.4
47.1
4 P. 7
47.7
47.3
46.6
43.2
43.7
43.2
42.5
46.1
46.3
48.7
48.4
50.8
45. 5
47.4
46.8
46.1
48.1
46.6
43.3
44.4
43.7
43.2
4P.4
4f.6
49.1
48.7
51.0
45.9
47.3
47.1
46.8
47.4
47.1
44.5
44.6
43.8
43.3
45.9
45.7
47.5
46.8
50.2
43.7
46.8
47.2
44.9
47.1
46.0
42.4
43.6
42.4
43.0
46.3
46.3
48.3
48.1
50.4
45.1
47.4
47.1
46.8
47.8
46.5
44.7
44.8
44.0
43.0
46.3
46.2
47.9
47.6
49.9
43.5
46.9
46.2
45.8
47.6
46.3
43.3
44.0
43.4
43.0
47.1
46.3
48.8
48.7
51.2
45.6
48.1
47.1
46.1
49.1
47.2
44.7
45.0
44.7
43.3
46.6
46.3
48.2
48.2
50.5
45.5
47.8
47.2
45.2
48.8
46.9
43.0
44.4
44.1
43.2
47.0
46.6
48.9
48.7
51.8
45.7
48.4
47.6
46.0
49.3
47.6
42.3
44.3
44.1
43.5
46.2
' 46.5
'48.7
48.5
51.6
45.2
48.0
47.7
' 46. 3
48.7
47.2
42.6
44.4
'43.6
43.4
46.3
46.7
48.9
48.7
51.5
46.5
'47.5
'47.3
'46.9
47.7
'47.3
43.2
44.8
43.9
43.4
46.8
46.6
48.8
48.6
51.5
46.5
47.3
47.1
46.7
47.6
47.5
43.1
44.7
44.3
43.5
95.0
295.1
154,836 153,913 144,368
31,392 30,228
22,981
98, 458 99, 742 97,246
LABOR CONDITIONS
Average weekly hours per worker in manufacturing:
Natl. Indus. Conf. Bd. (25 industries)
hours..
U. S. Dept. of Labor, all manufacturing!.
do
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*..do
Machine tools*
do.
Automobiles*
do.
Transportation equipment, except autos*-_do_
Aircraft and parts (excluding engines)•__.do
Aircraft engines*
do.
Shipbuilding and boatbuilding*
do.
Nonferrcus metals and products*
do.
Lumber and timber basic products*
do
Furniture and finished lumber products*...do
Stone, clay, and glass products*
do
Nondurable goods*
do
Textile-mill products and other fiber 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. Department of Labor):*
Building construction
_
hours..
Mining:
Anthracite
,
do.
Bituminous coal
_do_
Metalliferous
do.
Quarrying and nonmetallie
...do.
Crude petroleum and natural g8s
do.
Public utilities:
Electric light and power
...do.
Street railways and busses
do.
Telegraph.
do.
Telephone
do.
Services:
Dyeing and cleaning
do.
Power laundries
do.
Trade:
Pet ail.
do.
Wholesale
do_
41.2
41.6
42.0
41.7
41.8
41.8
42.2
42.3
42.8
42.3
42.3
37.3
41.1
44.8
39.0
45.5
38.1
41.3
45.8
42.0
46.0
38.2
41.6
45.9
42.3
46.3
37.3
41.2
45.6
42.4
45.7
37.7
41.2
45.0
42.3
46.2
38.1
41.5
44.5
43.4
46.2
38.2
41.6
44.8
43.3
46.7
38.0
41.2
45.2
44.2
46.5
37.7
41.6
46.0
45.0
46.6
38.2
'41.8
45.6
43.4
'46.2
38.9
'42.1
44.9
'43.3
46.3
39.1
42.4
45.1
43.2
46.4
40.6
45.6
46.3
44.7
40.9
46.0
47.0
45.1
41.3
45.8
46.8
45.2
41.2
45.5
46.9
45.0
41.1
45.6
46.9
45.6
41.4
45.6
46.4
45.7
40. a
45.9
47.9
45.9
41.3
45.7
46.9
45.7
41.4
45.7
47.1
46.6
41.5
'45.7
46.6
47.3
41.0
' 45. 5
47.3
47.3
41.5
45.9
47.3
45.3
42.4
38.7
40.4
40. 2
40.6
40.0
40.1
40.7
39.7
39.4
38.8
39.1
40.0
38.2
43.0
44.0
45.6
44.9
41.9
44.0
44.4
47.4
45.6
40.9
44.0
44.6
47.7
45.6
35.8
39.5
42.9
46.3
45.3
40.8
44.0
44.7
47.9
46.1
42.0
43.9
46.8
45.9
42.6
44.1
45.0
48.9
44.9
38.6
42.6
43.7
46.8
45.9
41.5
43.1
44.8
44.9
45.4
38.9
'44.9
'44.0
44.6
'45.7
41.7
' 45.2
'45.0
45.5
' 46.1
41.4
43.6
44.8
46.5
46.1
42.3
49.4
45.9
41.6
43.4
50.6
46.3
42.0
43.8
50.9
46.5
42.2
42.7
50.7
46.5
42.6
43.9
51.0
46.8
42.6
43.7
50.2
46.5
43.0
43.1
50.2
45.8
42.9
43.4
50.8
45.3
42.3
43.3
51.8
45.4
42.7
43.4
51.6
45.0
42.4
44.0
51.9
44.7
'42.5
44.2
51.6
44.7
42.8
43.7
43.7
44.7
43.9
44.3
43.6
44.4
44.1
43.9
43.8
44.3
43.9
43.8
43.7
43.5
43.4
43.4
43.5
'43.6
'43.5
'43.4
43.4
44.3
43.8
40.0
42.5
42.8
42.4
43.0
41.7
42.8
41.9
43.1
40.4
42.9 I
40.4
43.2
39.4
43.0
39.8
43.3
'39.6
42.7
39.7
42.8
39.3
42.9
' Revised.
JTotal includes State ergineering, supervisory, and administrative employees not shown separately.
^See note marked "J" on p. S-ll of the July 1944 Survey regarding changes in the data beginning June 1943 and November 1943. Data cover only paid employees. Excess temporary Post Office substitutes employed only at Christmas are not included in the December 1944 figures.
*New series. Indexes beginning 1939 for retail food establishments aEd beginning 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning
March 1942 for all series on average hours, except for the telephone, telegraph, and aircraft engines industries, are available in the May 1943 Survey and data back to 1939 will be published later; data back to 1937 for the telephone industry are shown on p. 20 of the May 1945 Survey; data back to 1939 for the aircraft engine industry, will be published later;
data for the telegraph industry are available only from June 1943 (for data beginning that month, see note on p. S-ll of the January 1945 issue).
!Revised series. For data beginning 1939 for the Department of Labor's revised indexes of employment in nonmanufacturing industries (except for the telephone and telegraph
industries),
Separate
IUUUL-IUIM;, see
ocr p.
\J. 31
ox of
\JI the
UUG June
June 1943
i;no Survey.
t'tii v*ry .
UCJJOIOIC data
u a i a for
IUI the
txic telephone
icicIJHWHC and
auu telegraph
tcic^iapn industries
luuusiiica have
nave been
uccu computed
uuuipuicu beginning
uc^iuuiug 1937;
Lvoi, for
IUI telephone
i/depuuLic industry
I U U U S U ^ <data see p. 20.
• • • industries,
- • •
- - of-the July 1944 Survey,
lm T h e i n d e x e s o f
For revision in the ~Department of Labor's series on average weekly hours in all manufacturing
see note marked "!'*- on p. S—13
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 publisl
lished later.
S-12
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to t h e Survey
1945
April
June 1945
1945
1944
April
May
June 1 July
August
i
September
October
Novem- December
ber
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS-Continued
Industrial disputes (strikes and lockouts):
Strikes beginning in month:§
Strikes
number..
Workers involved
thousands. _
Man-days idle during month
do
U. S. Employment Service placement activities:
Nonagricultural placements!
thousands-.
Unemployment compensation (Social Security Board):
Continued claims©
thousandsBenefit payments:
Beneficiaries, weekly average..
do
Amount of payments
thous. of dol._
Labor turn-over in manufacturing establishments:©1
Accession rate
monthly rate per 100 employees..
Separation rate, total
-do
Discharges
.._
-do—
Lay-offs
do.._.
Quits
-..do
Military and miscellaneous
do
PAY ROLLS
Wage-earner pay rolls, all manufacturing, unadjusted
(V. S. Department of Labor) t
1939-100..
Durable goods
do
Iron and steel and their products
do
Blast furnaces, steel works, and rolling mills
1939=100..
Electrical machinery
do
Machinery, except electrical
do
Machinery and machine-shop products
do
Machine toolst
do
A u tomobiles
do
Transportation equipment, except automobiles
1939=100..
Aircraft and parts (excluding engines) A
do
Aircraft enginesA
do
Shipbuilding and boatbuilding A
do
Nonferrous metals and products
do
Lumber and timber basic products
do
Sawmills
do
Furniture and finished lumber products
do
Furniture
...do
Stone, clay, and glass products
-do
Nondurable goods
do
Textile-mill products and other fiber manufactures
1939=100..
Cotton manufactures, exc. small wares
do
Silk and rayon goods
do
Woolen and worsted manufactures (except dyeing
and
finishing)
1939=100Apparel and other finished textile products..do.
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.
Slaughtoring and meat packing
do
Tobacco manufactures
do.
Paper and allied products
do
Paper and pulp
do
Printing, publishing, and allied industries
do
Newspapers 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 toner tubes
.do
N on manufacturing, unadjusted (U. S. Dept. of Labor):
Mining:f
Anthracite
1939=100..
Bituminous coal
do.
Metalliferous
do.
Quarrying and nonmetallic
do_
Crude petroleum and natural gast
do
Public utilities:!
Electric light and power
do_
Street railways and busses
do.
Telegraph
do.
Telephone
do.
Services:!
Dyeing and cleaning
do.
Power laundries
do.
Year-round hotels
do.
Trade:
Retail, totalf
do.
Food*
do.
General merchandising!
_do.
Wholesale!
...do.
Water transportation*.
do.
r
450
285
1,330
••453
' 165
••589
••319
• 1, 443
87
6,179
'469
'172
'652
'501
'198
'959
'408
'207
'786
'430
'222
'756
'345
'201
'264
'92
'387
240
44
228
310
109
412
1087
910
'614
973
1,093
1,259
1,172
1,127
1,034
514
423
397
407
348
370
417
87
5,771
78
5,225
66
4,348
72
4,808
63
4,246
64
4,350
71
4,918
75
5,194
6.39
7.08
.63
.50
5.27
17.6
7.1
.7
.5
5.4
.5
6.3
6.6
.7
.5
5.0
.4
6.3
7.8
.7
.5
6.2
,4
6.1
7.6
.6
.6
6.1
6.0
6.4
.6
.5
5.0
6.1
6.0
.6
.5
4.6
.3
4.9
5.7
.6
.5
4.3
.3
335.0
474.8
310.9
334.3
470.9
310.9
334.6
469.0
313.3
326.8
453.8
308.5
330.3
458.1
311.5
329.1
453.3
314.3
330.3
455.6
313.2
327.3
450.3
308.8
331.8
455.9
316.7
' 330.5
454. 3
316.3
'329.0
'451.1
318.0
221.2
513.2
434.4
429.2
383.6
336.5
221.1
512.2
428.8
426.1
381.3
324.4
224.5
518.9
434.1
429.1
383.8
325.3
224.9
505.2
414.7
408.6
370.6
222.7
507.2
417.5
415.1
369.2
313.7
226.7
512.1
414.3
410.3
366.8
305.9
225.3
503.7
417.4
415.5
372.6
307.8
221.9
498.7
409.0
408.4
363.2
307.6
225.5
504.3
422.9
419.4
381.0
312.6
224.4
504.8
421.9
421.3
378.6
319.3
223.6
505.0
424.6
423.7
381.9
'319.2
3,152. 7
3, 627.0
5, 239. 2
3,621.1
351.7
205.8
149.1
186.0
175.7
189.4
198.2
3,127.3
3, 557. 3
4, 946. 3
3, 645.0
347.9
208.4
152.1
187.7
175.7
189.8
200.7
3,028.8
3, 433. 2
4, 993. 3
3, 497.7
349.0
215.8
159.3
190.8
177.9
191.9
203.2
2, 930. 9
3, 337.8
4, 761.1
3,386. 5
336.6
206.4
151. 5
187.1
173.9
186.2
202.6
2,933.1
3, 334. 4
4. 819. 7
3,379.1
338.1
220.6
164.8
194.8
181.0
191.2
205.2
2, 883. 7
3,175. 4
4, 628. 3
3,399. 3
331.7
209.8
154.3
189.6
175.0
188.4
207.5
2, 916.1
3,185. 8
4. 460. 3
3,468.7
332.2
212.8
156. 5
193.1
178.5
192.1
207.8
2, 905. 9
3,135. 8
4, 278. 4
3,497.8
326.9
199.3
143.8
190.7
177.2
189. 5
207.0
2,893. 7
3,197. 6
4. 294. 6
3,446.4
336.2
193.7
138.8
194.0
179.7
192.2
210.5
2,852. 5
3,257.1
4, 334. 5
3,313.4
337,7
192.9
137.9
194.0
180.4
' 189.0
209.4
2.757.3
3,234.6
4.368.4
3,107.6
343.0
196.5
140.4
196.9
184.0
189.6
' 209.6
169.8
201.3
134.7
171.0
202.4
136.1
172.3
204.7
135.8
168.3
206.6
130.7
168.1
203.7
133.7
169.0
204.4
132.8
170.4
203.5
138.5
172.2
206.8
139.4
176.6
212.3
142.3
173.9
210.3
138.4
173.1
207.3
140.0
192.5
181.0
158.2
132.0
154.9
138.3
185.1
159.9
141.2
206.3
142.7
187.6
175.1
133. 5
113.8
144.4
358.8
295.0
206.4
199.6
281.3
280.0
192.9
182.8
166.4
128.1
156.1
139.8
191.6
163.8
143.2
216.9
152.8
188.8
177.2
134.9
116.1
144.8
358.7
296.5
212.4
205. 2
283.3
283.0
194.8
186.4
166.5
134.8
158.6
142.8
197.6
166.8
156.7
217.5
157.4
191.2
179.8
137.3
117.1
149.5
355.1
296.5
215.5
207.5
281.4
278.5
184.3
175.6
154.6
125.6
155.8
139.8
209.2
168.0
242.8
219.6
157.0
189.4
178.6
137.9
117.1
151.9
355.2
297.6
222.8
215.6
279.7
181.1
187.4
160.6
139.6
156.0
140.2
213.1
167.5
306.2
210.7
157.5
190.6
180.6
137.8
118.4
149.4
356.6
295.1
220.5
214.0
287.9
294.3
185.1
195.6
166.3
148.4
158.5
143.1
212.8
168.7
336.4
200.3
163.0
189.8
180.0
138.9
119.6
151.5
360.8
292.8
220.8
213.3
291.4
300.8
188.0
196.9
169.6
147.4
158.0
142.7
207.4
171.4
262.3
200.2
165.7
192.9
182.6
139.5
119.3
153.7
364.5
288.6
224.4
219.7
290.2
297.5
189.4
192.3
169.2
141.1
157.4
141.9
203.8
174. 5
188.7
211.4
172.7
194.0
182.0
142.2
120.8
156.8
366.2
289.2
219.2
214.2
289.9
298.2
194.9
191.8
164.5
143.5
160.8
145. 7
205.0
176.5
162.9
227.6
177.8
197.0
185.0
144.1
121.5
159.6
377.8
291.1
220.4
214.9
305.2
319.4
193.5
195.2
165.3
149.1
162.5
147.9
195.8
168.2
153. 9
221.9
166. 4
194.9
183.3
142.8
118.4
' 159.9
384.2
293.2
'221.7
' 215.7
319.8
342.4
193.1
202.6
170.7
154.3
164.3
149.9
189.1
168.6
149.0
188.1
165. 3
195. 3
182.8
141.1
118.3
156. 5
389.9
295.3
223.3
218. 2
320.2
339.8
142.3
214.2
152.5
150.0
129.5
155.8
215.5
148.5
157.4
127.9
151.8
217.9
145.7
162.2
131.1
130.6
194.4
135.1
160.7
136.5
145.8
215.6
136.6
165.3
132.7
150.1
207.8
130.8
158.2
135.4
159.8
210.2
130.7
163.7
129.6
137.7
197. 7
125.0
153.8
130.9
148.8
199.8
127.7
144.3
131.7
137.7
' 214. 3
' 125. 7
' 135.0
132.2
112.9
164.9
173.4
152.1
112.9
168.5
176.1
153.5
114.8
170.4
177.9
153.2
114.6
170.3
179.3
156.8
115.4
171.5
177.9
156.6
115.6
168.9
177.9
159.4
114.3
168.3
174.9
159.0
114.2
170.1
172.1
156.9
114.6
173.5
174.0
158.6
175.1
172.3
157.8
117.3
178.9
171.4
158.8
179.9
155.7
154.5
194.2
161.3
155.3
195.7
163.6
157.2
187.3
165.1
157.4
178.6
159.8
158.8
185.5
159. 5
159.0
188.0
161.3
161.9
181.9
160. 7
164.6
176.7
162.3
169.5
175.3
161.5
166.8
175.6
159.4
167.9
124.3
134.4
134.6
134.0
524.6
124.2
135.2
132.4
133.4
552.6
127.4
139.6
136.6
135.4
571.7
128.3
142.4
136.7
135.9
585.6
126.8
141.7
132.7
136.3
585.2
128.0
139.2
138.9
136.4
602.6
132.0
141.6
147.1
140.4
599.0
134.2
141.9
155. 9
140.0
651.9
146.8
145.0
190.7
142.3
672.9
130.7
141.4
144.3
139.1
685.2
130.5
141.6
141.8
141.4
708.5
761
488
'441
' 145
'727
477
83
5,471
5.53
6.78
.58
4.90
.71
453
593
508
105
7,299
100
5,435
"5.0
6.0
.7
.7
4.3
.3
7.0
6.2
.7
.6
4.6
.3
'
'
'
'
150.2
212.6
' 129. 7
'137.0
133.7
r
Revised. © Small revisions have been made in the data for 1940-43; these are available on request. l Data computed to tenths only beginning J u n e .
§Revisions for January and March 1944: Number of strikes—Jan., 3x30; Mar., 386; workers involved—Jan., 114,000; Mar., 135,000; man-days idle—Jan., 710,000; Mar., 441,000.
d* Rates beginning January 1943 refer to all employees rather than to wage earners only and are therefore not strictly comparable with earlier data.
t See note marked "%'* on p . S-10. A See note marked " § " on p . S-10.
*New series. Data beginning 1939 for the indexes of pay rolls for the newspapers and periodicals and printing, book and job, industries will be shown in a later issue. Indexes of
pay rolls beginning 1939 for retail food establishments and beginning 1940 for water transportation are shown on p . 31 of the June 1943 Survey.
! Revised 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 in cooperation with the Department of Agriculture extension service; comparable earlier data are available on request. For information regarding the revised indexes
of
wage-earner
pay rolls (or weekly wages) in manufacturing industries, see note marked " t " o n P- S-10. For revised data beginning 1939 for the nonmanufacturing industries, see
FRASER
p. 31 of the June 1943 Survey (data for the telephone and telegraph industries were subsequently revised; revised data for the telephone industry are on p . 20 of the M a y 1945 Survey).
Digitized for
June 1945
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
April
S-13
1944
1945
April
May
June
July
SepAugust tember
1945
October
Novem- December
ber
January
Febru- March
ary
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES
Factory average weekly earnings:
48.09
49.30
48.86
48.46
49.42
Natl. Ind. Con. Bd. (25 industries)
dollars..
48.98
49.39
49.42
49.91
50.80
' 50. 58 50.99
45.55
46.02
46.24
45.43
46.24
46.94
45.88
47.44
U. S. Dept. of Labor, all manufacturing!
do
46.85
47.43
47.51
' 47. 50
51.89
51.67
52.14
51.07
51.84
52.18
53.68
53.18
53.04
53.39
53.38
Durable goods!
do
' 53.54
50.41
50.07
50.65
50.01
50.25
51.84
51.27
52.09
Iron and steel and their products!
do
51.48
50.98
' 51. 58
'51.65
Blast furnaces, steel works, and rolling
53.12
54.32
53.43
54.58
55.43
53.80
55.46
54.55
55.33
55.04
54. 58
mills!-dollars..
56.15
46.84
47.28
48.55
47.88
47.22
47.76
48.42
48.54
49.37
' 49. 64
' 49. 85 50.02
Electrical machinery!
do
54.40
54.37
53.33
54.47
55.06
54.15
56.05
55.48
54.72
' 55. 92
Machinery, except electrical!
do
56.23
56.16
52.53
53.18
53.10
53.70
51.85
52.94
53.84
54.76
54.37
54.92
Machinery and machine-shop products!_.do
55.02
55.03
56.54
57.08
57.18
60.81
57.77
56.80
57.33
58.05
58.95
60.21
Machine tools
do_
60.49
60.08
58.56
57.68
55.98
56.43
58.48
58.41
56.90
Automobiles!
do.
57.85
58.23
' 59.42
' 59. 51 59.49
59.41
59.87
60.80
63.33
59.66
59.29
60.36
62.53
63.04
Transporation equipment, except autos! do
' 62.61
' 61. 78 61.39
53.55
64.10
54.32
54.43
54.61
56.45
54. 73
Aircraft and parts (excluding engines) do.
55.39
'57.19
56.24
55.64
' 56. 23
62.53
59.73
60.92
61.18
61.35
59. 21
61.51
60.64
Aircraft engines*
do.
61.99
59.90
' 62.41
' 62.67
62.89
64.02
65.23
62.80
68.22
62.69
Shipbuilding and boatbuilding
do_
63.96
67.69
64.63
68.68
' 66.12
' 65.10
48.65
48.83
48.99
50.86
48.34
49. 33
Nonferrous metals and products!
do.
51.25
48.69
49.99
' 50.92
' 50.89
49.66
34.05
34.64
34.82
33.62
35.56
33.74
34.35
Lumber and timber basic products!
do
35.78
33.72
36.11
34.00
34.31
33.14
33.59
33.91
32.28
33.02
Sawmills..
_
do
34.72
32.73
35.21
35.29
32.66
32.43
32.96
35.23
36.04
36.51
37.40
36.26
35.39
38.09
Furniture and finished lumber products!_do
36.58
' 37.48
37.48
36.97
' 38.05
35.93
36.72
36.83
37.87
38.98
FurnitureJ
do
36.71
35.94
37.15
37.51
38.16
' 38.94
37.81
38.45
38.98
39.52
40.30
38.12
40.91
39.19
Stone, clay, and glass products!-..
-do
' 39.93
39.33
40.82
40.19
40.10
36.16
37.03
37.66
38.39
Nondurable goods!
do
37.30
37.06
37.15
' 38. 66
37.87
' 38. 73 39.00
37.97
Textile-mill products and other fiber
28.85
29.87
29.64
manufactures!
dollars.29.74
29.51
30.10
30.49
30.54
30.99
' 30. 78
' 30.89
31.07
Cotton manufacturers, except small wares!
25.75
26.33
26.76
27.12
27.26
dollars..
26.90
27.49
27.91
27.78
27.37
27.79
27.63
28.27
29.13
29.07
28.33
28.92
Silk and rayon goods!
do
28.89
30.04
30.41
30.20
29.76
'30.17
30.33
Woolen and worsted
manufactures
34.79
36.04
35.50
35.35
34. 95
(except dyeing and
finishing)!
dollars..
35.51
35. 96
36.00
36.63
36.73
36. 79
36.95
Apparel and other finished textile products!
28.70
29.45
29.95
29.28
31.74
30.44
31.34
dollars. _
31.83
31.35
32. 42
' 33.45
34.10
30.46
32.28
32.29
31.65
32.93
30.86
Men's clothing}-.
.do
33.25
33.54
33.95
33.90
' 34.69
35. 65
34.16
34.39
39.82
35.89
35.46
39.12
Women's clothing!
do
37.77
38.45
37.67
40.35
42.93
41.96
32.48
33.02
34.02
Leather and leather products!
do
34.27
33.35
33.01
33.16
34.06
33.70
' 34. 66
35.95
' 35.17
30.39
30.95
32.15
31.43
30.99
Boots and shoes
__.do
32.55
31.18
32.29
31.87
' 33.00
34.46
' 33.56
37.87
39.08
37.67
39.09
38.52
37.95
39.80
Food and kindred products!do
38.39
38.86
' 39. 51
39.20
' 38.86
37.00
38.06
38.93
38.21
38.42
38.31
39.24
Baking
__do
38.58
38.86
39.08
38.57
38.65
30.76
31.27
29.98
31.10
Canning and preserving!...
do
30.84
29.75
30.27
30.49
31.67
32.28
'31.69
32.05
43.70
46.41
43.98
45.73
48.16
Slaughtering and meat packing
do
45.87
44.69
44.68
46.81
42.94
47.18
42.80
27.00
29.34
31.43
33.20
29.82
30.04
30.27
Tobacco manufactures!
do
31.53
32.01
32.49
31.93
'31.90
38.09
38.77
39.65
38.72
39.17
40.22
Paper and allied products!
do
40.46
39.10
40.26
40.11
M0.18 ' 40.15
41.59
42.49
43.07
43.72
42.83
42.42
Paper and pulp.
_._do
42.67
43.60
44.24
43.73
43.19
43.03
Printing, publishing, and allied industries!
42.93
43.84
44.37
44.12
44.43
45.60
45.06
45.84
dollars. .
45.56
46.52
' 45.66
' 46. 03
47.07
48.29
48.65
48.45
48.88
49.92
49.21
49.85
Newspapers and periodicals'
do
49.63
50.15
49.39
49.20
41.35
42.09
42.97
42.70
44.26
44.75
Printing, book and job*
_
.do
42.67
43.93
44.52
45.35
'45.10
' 44.33
43.01
43.91
43.86
44.00
44.08
43.94
44.06
Chemicals and allied products!
_
do
43.79
44.78
43.70
' 44.41 ' 44.28
51.20
51.42
51.65
52.15
52.22
51.90
52.64
Chemicals
do
51.99
52.48
53. 78
53.31
53.63
54.36
65.14
55.30
55.70
56.27
55.27
56.52
Products of petroleum and coal!.
do
56. 58
56.99
55.61
56.20
56.58
57.83
58.27
58.24
59.28
Petroleum refining
do
57.98
59.08
58.00
59.47
58.66
58.55
59.14
60.37
48.12
48.98
49.30
50.99
49.17
52.64
Rubber products!
do
50.24
50.62
50.92
50.59
' 54.49 ' 54.40
55.63
57.11
59.33
61.62
56.78
57.01
57.29
58.62
Rubber tires and inner tubes
do
64.29
64.04
58.54
58.30
Factory average hourly earnings:
1.072
1.069
1.057
1.062
1.080
Natl. Ind. Con. Bd. (25 industries)
do....
1.070
1.079
1.079
1.086
1.095 '1.095
1.101
1.013
1.017
1.018
1.016
1.017
1.032
U. S. Dept. of Labor, all manufacturing!
do
1.035
1.031
1.040
1.046
1.043
1.045
1.110
1,112
1.113
1.132
Durable goods!.
do
1.116
1.112
1.129
1.136
r 1.144
1.140
1.138
1.139
1.077
1.081
1.075
1.077
1.086
Iron and steel and their products!
do
1.091
1.101
1.089
1.095
1.098
1.107
1.101
1.158
1.160
1.170
1.189
1.163
B las t furnaces, steel works, and rolling mills!_do
1.198
1.176
1.170
1.179
1.181
1.191
1.197
1.021
1.014
1.026
1.032
1.032
Electrical machinery!
do
1.049
1.051
1.059
1.046
1.069 '1.067
1.073
1.115
1.122
1.123
Machinery, except electrical!
do
1.121
1.136
1.137
1.134
1.116
1.146
'1.149
1.150
1.151
1.095
1.103
1.105
1.116
Machinery and machine-shop products!_do
1.099
1.100
1.116
1.124
1.132
1.116
1.129
1.130
1.114
1.131
1.131
1.122
1.138
Machine tools
do
1.144
1.150
1.150
1.173
1.172
1.173
1.178
1.262
1.266
1.275
1.291
1.261
Automobiles!
_do
1.287
1.270
1.280
1.279
1.314 r1. 280
1.280
1.261
1.262
1.264
1.272
Transportation equipment, except autos!...do
1.267
1.297
1.301
1.318
1.309
'1.304 '1.301
1.297
1.148
1.158
1.159
1.155
Aircraft and parts (excluding engines)..do
1.177
1.161
1.177
1.178
'1.198 '1.190
1.187
1.195
1.310
1.312
1.318
1.296
1.317
1.330
1.315
Aircraft engines*
do
1.326
1. 330
1.350 '1.336
1.328
1.330
1.332
1.324
1.331
1.339
1.370
Shipbuilding and boatbuilding.
..do
1.379
1.407
1.384
'1.367 '1.374
1.367
1.045
1.049
1.051
1.047
1.047
1.058
1.059
1.058
Nonferrous metals and products!
do
1.069
'1.079 ' 1.076
1.080
.799
.796
.791
.801
.798
.803
.807
.794
.791
Lumber and timber basic products!
do
.797
.793
.792
.775
.788
.793
.788
.779
.795
.798
.776
.773
.779
Sawmills
do
.775
.805
.812
.813
.812
.816
.833
.833
.844
.853
.829
'.845
Furniture and finished lumber products!.-do
'.849
.827
.833
.832
.835
.849
.834
.853
.864
'.866
.875
.847
Furniture
do
'.872
.894
,899
.891
.895
.893
.912
.910
.913
'.917
.924
.910
Stone, clay, and glass products!.._
do
'.916
.850
.858
.861
.862
.864
.878
.877
.891
.897
.883
.876
Nondurable goods!
do
.893
Textile-mill products and other fiber
.712
.710
.710
.711
.701
.721
.722
.723
.725
'.729
'.731
.733
manufactures!
dollars..
Cotton manufactures, except small
.637
.639
.634
.637
.646
.623
.646
.647
.652
.654
. 652
wares!
.-dollars..
.697
.691
.693
.689
.706
.707
.700
.709
.713
.708
.711
Silk and rayon goods!.
do
Woolen and worsted manufactures
.842
.840
.845
.849
.837
.841
.862
.849
.858
.856
(except dyeing and
finishing)!
dollars..
Apparel and other finished textile products!
.772
.784
.832
.770
.785
.807
.824
.832
.872
.831
.860
dollars. _
.821
.817
.800
.811
.864
.857
.823
.846
.861
.885
'.867
.867
Men's clothing!
do
.927
.946
.963
.918
1.027
.999
1.035
1.001
1.017
1.054
1.075
1.092
Women's clothing§
.^
do
.790
.802
.801
.806
.819
.800
.820
.819
.829
.848
.824
.836
Leather and leather products!.
do
.7154
,765
.789
.767
.771
'.798
.787
.788
.766
.794
'.807
.820
Boots and shoes
_
_
do
' Revised.
X Sample changed in November 1942; data are not strictly comparable with figures prior to that month.
§ Sample changed in July 1942; data are not strictly comparable with figures prior to that month.
• New series. Data beginning 1932 for the newspapers and periodicals and printing, book and job, industries will be published later; see November 1943 Survey for data beginning
August 1942. Data for the aircraft engine industry beginning 1939 will also be published later.
! Revised series. The indicated series on average weekly and hourly earnings have been shown on a revised basis beginning in the March 1943 Survey and data are not comparable with figures shown in earlier issues (see note marked " ! " on p. S-13 of the July 1944 Survey); there were no revisions in the data for industries which do not carry a reference
to this note. Data prior to 1942 for all revised series will be published later.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1941
1945
1944
1945
April
1942 Supplement to the Survey
June 1945
June
May
April
August
July
October
September
Novem- December
ber
January
February
March
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average hourly earnings—Continued.
U. S. Dept. of Labor, all mfg.!—Continued.
Nondurable goods—Continued.
Food and kindred products!._.
dollars..
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! do
Newspapers 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
Nonmanufacturing industries, average hourly earnings
(U. S. Department of Labor):*
Building construction
dollars..
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
Telegraph
do
Telephone
do
Services:
Dyeing and cleaning
do
Power laundries
do
TradeRetail
do
Wholesale .
do
Miscellaneous wage data:
Construction wage rates (E. N . R.):K
Common labor
dol. per hr_.
Skilled labor
do
Farm wages without board (quarterly)©
dol. per month..
Railway wages (average, class I)._
dol. per hr_.
Road-building wages, common labor:
United States average
» do
PUBLIC ASSISTANCE
Total public assistance
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
0.845
.830
.779
.918
.691
.837
.875
1.059
1.232
.983
.944
1.097
1.174
1.247
1.075
1.234
0.854
.839
.777
.934
.698
.842
.879
1.072
1.248
.994
.954
1.101
1.174
1.242
1.087
1.257
0.851
.841
.770
.924
.706
.845
.884
1.075
1.248
1.001
.958
1.101
1.181
1. 248
1.092
1.254
0.845
.839
.743
.921
.709
.847
.886
1.072
1.253
.997
.966
1.114
1.199
1.265
1.094
1.256
0.844
.839
.765
.922
.715
.847
.884
1.080
1.258
1.001
.961
1.106
1.179
1.245
1.102
1.264
0.847
.850
.764
.921
.724
.858
.891
1.101
1.265
1.030
.966
1.119
1.202
1.268
1.117
1.273
0.857
.849
.790
.930
.728
.862
.901
1.102
.262
.037
.957
.117
.190
.257
1.108
.263
0.859
.855
.773
.933
.735
.863
.899
1.104
1.268
1.037
.956
1.121
1.186
1.253
1.107
1.258
0.865
.854
.786
.933
.738
.864
.897
1.108
1.268
1.042
.964
1.125
1.200
1.270
1.130
1.2S0
' 0.867
.848
'.796
.927
.736
'.869
'.897
' 1.109
1.264
'1.048
'.972
' 1.136
1.206
1.271
' 1.151
1.317
0.865
.853
.794
.917
.737
'.866
.891
1.113
1.271
1.049
.973
1.134
1.196
1.261
1.149
'1.314
0.868
.857
788
.930
.741
.873
.899
1.121
1.275
1.061
.975
1.137
1.195
1.260
1.117
1.260
1.297
1.310
1.300
1.302
1.323
1.339
1.342
1.349
1.359
1.364
1, 352
1.363
1.166
1.182
1.012
.848
1.168
1.159
1.175
1.005
.849
1.131
1.144
1.182
1.009
.857
1.138
1.194
1.199
1.010
.871
1.187
1.179
1.190
1.003
.861
1.130
1.187
1.213
1.016
.871
1.172
1.197
1.191
1.015
.881
1.156
1.156
1.173
1.015
.871
1.146
1.176
1.187
1.020
.884
1.162
1.154
' 1. 204
' 1.023
'.868
'1.171
1.164
' 1.192
' 1. 035
'.860
' 1.171
1.179
1.198
1.046
868
1.162
1.110
.928
.800
.908
1.094
.928
.807
.907
1.097
.933
.804
.900
1.118
.935
.805
.903
1.102
.939
.802
.902
1.120
.942
.812
.921
1.127
.945
.809
.928
1.116
.946
.809
.930
1.119
.955
.815
.935
1.116
.962
.826
.934
1.122
.965
.832
'.938
1.123
.722
.606
.725
.620
.724
.617
.722
.621
.719
.626
.736
.637
.745
.641
.747
.641
.746
.644
'.754
.649
'.758
.653
.66C
.690
.984
.697
.979
.701
.986
.732
.989
.730
.981
.736
.994
.741
1.008
.736
.996
.728
1.002
.751
1.006
.756
1,013
1.016
0.904
1.65
.874
1.63
.874
1.63
.877
1.64
.882
1.64
.882
1.64
.883
1.64
.886
1.64
.886
1.64
.890
1.64
.891
1.64
.891
1.64
1.64
92.70
81.15
.950
.943
.939
89.54
.947
.938
.955
86.80
.952
.959
.966
88.90
.961
.981
.95C
.68
.76
.77
.79
.80
.78
.74
.70
.74
.72
79
80
80
80
8C
72
58
7
72
59
7
72
59
7
72
59
7S
5S
.75
.79
.68
P80
v7
78
71
57
8
.832
.95:
78
78
78
78
78
71
57
7
71
57
7
71
58
7
71
58
7
71
58
7
79
71
58
7
7
FINANCE
BANKING
Agricultural loans outstanding of agencies supervised
by the Farm Credit Administration:
2,172
2.041
2,079
2,039
2,03
2,214
2,105
2,260
2,124
2,058
2,243
2,289
2,007
Total, excl. joint-stock land banks..
mil. of doL.
1,591
1,490
1,467
i;443
1,40
1,544
1,430
1,630
1,614
1,518
1,651
1, 567
1,391
Farm mortgage loans, total .-_
do -_
1,228
1,211
1,194
1,175
1,155
1,137
1,119
1,109
1,09
1,258
1,245
1,274
1,079
Federal land banks
do
330
324
321
31
372
363
357
351
343
336
369
313
378
Land Bank Commissioner
.
do
143
155
135
135
176
207
217
220
218
21
146
175
184
Loans to cooperatives, total
do
Banks for cooperatives, including central bank
132
152
213
216
172
203
140
132
215
20
143
171
mil. of dol._
181
3
3
3
3
2
3
3
3
3
3
3
2
Agr. Marketing Act revolving fund
do
412
382
375
378
391
41
475
482
481
469
445
432
462
Short term credit, total
do___
35
35
36
32
30
28
28
31
30
30
3
36
30
Federal intermediate credit banksd* do
269
263
221
192
198
197
209
22
269
260
246
244
249
Production credit associations
do
12
20
20
18
15
11
21
10
21
19
9
21
Regional agricultural credit corporations...do
102
104
103
119
118
116
107
11
119
112
106
112
119
Emergency crop loans.
do __
38
37
3
38
38
38
37
37
37
39
39
39
36
Drought relief loans
do
2
2
1
1
1
2
2
2
2
2
1
3
Joint-stock land banks, in liquidation _
do
66, 062
62, 497
83,168 ' 75,290 ' 63, 778
73,59
66, 891
70, 397
76,192
63, 625
60, 241
60, 757
67, 251
Bank debits, total (141 centers)!
do . .
28, 474
26,165
37,678
34,990
29, 065
31,88
24, 708
28, 558
30,016
33, 563
26, 860
25, 297
29,413
New York Citv
do
36, 332
45, 480 ' 40,300 r 34,713
37,588
42,629
36, 765
38, 336
40,381
41,71
34, 944
36, 049
Outside New York City
do
37,838
Federal Reserve banks, condition, end of month:
35,815
39,854
40, 269
39,929
35, 542
40, 434
40,54
36,132
36, 678
37, 492
38,700
34,870
Assets, total
_
mil. ofdol.
41,301
19, 745
19,552
15, 325
16, 201
18,325
19,357
14, 759
15, 272
20,158
20,31
17,113
13, 800
Reserve bank credit outstanding, total.
do
21, 307
37
95
473
80
321
2'
13
49
345
176
237
118
489
Bills discounted..
do
18, 846
14,915
19,006
14, 901
15,806
17, 647
18, 388
19,439
19,66
14, 251
16, 653
13,220
20, 455
United States securities
.
do ._
18,687
18,666
19,104
19,028
18, 802
19,362
18,915
18,770
18,610
18,51
19, 287
19, 546
18,457
Reserves, total
do
18,444
18,823
18, 759
18, 552
18,373
18, 647
18,528
18, 346
18,26
19,010
19, 097
19, 265
Gold certificates
do
18, 207
P Preliminary.
' Revised.
0 Weighted averages for 1942-43 revised as follows: 1942, $55.91; 1943, $72.51.
TRates as of May 1: Construction—common labor, 0.909; skilled labor, $1.65. d*Excludes loans to other Farm Credit Administration agencies.
* New series. Data on hourly earnings beginning August 1942 for the newspapers and periodicals and printing, book and job, industries and beginning March 1942 for the nonmanufacturing industries, exceptthe telephone and telegraph industries, are available, respectively, in the November 1943 and May 1943 issues; figures beginning 1937 for the telephone industry are shown on a revised basis on p. 20 of the May 1945 Survey; data back to 1939 for other series, except the telegraph industry, will be published later; data for
the telegraph industry are available only from June 1943 (for data beginning that month see p. S-14 of the January 1945 issue).
!Revised series. 'See note marked " f on p. S-13 in regard to the series on hourly earnings in marjufacturiEg industries. Beck 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 and Eote marked " ! " on p. S-15 of the July 1844 Survey
for monthly averages for 1942 on the new basis.
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1945
1944
1945
April
S-15
April
May
June
July
August
September
October
November
December
January
February
March
FINANCE—Continued
BANKING—Continued
Federal Reserve banks, condition, end of month— Con.
Liabilities, total
mil. of dol..
Deposits, total
do
Member bank reserve balances
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation
do
Reserve ratio
percent..
Federal Reserve reporting member banks, condition,
Wednesday nearest end of month:
Deposits:
Demand, adjusted.mil. of dol_.
Demand, except interbank:
Individuals, partnerships, and corporations.do
States and political subdivisions
do
United States Government.
do
Time, except interbank, total
do
Individuals, partnerships, and corporations.do
States and political subdivisions
do
Interbank, domestic._
.do
IEvestments, total
do
V. S. Government direct obligations, totaL.-do
Bills
do.
Certificates
do.
Bonds
do.
Notes
do
Obligations guaranteed by U. S. Government.do
Other securities--_
_
do.
Leans, total
do
Commercial, industrial, and agricultural--.do
To brokers and dealers in securities
_.(toOther loans for purchasing or carrying securities
mil. of dol_.
Real estate loans
do.
Loans to b a n k s . .
.do.
Other loans
do.
Money and interest rates:T
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 loanscf
do...
Federal intermediate credit bank loans
do...
Open market rates, New York City:
Prevailing rate:
Acceptances, prime, bankers', 20 days
do
Commercial paper, prime, 4-6 months
do
Time loans, CO days (N. Y. S. E.)
do
Average rate:
Call loans, renewal (N. Y. S. E.)
...do
U. S. Treasury bills, 3-mo.._
do.
Average yield, TJ. S. Treasury notes, 3-5 yrs.:
Taxable*
do.
Savings deposits, New York State savings banks:
Amount due depositors
mil. of dol__
U. S. Postal Savings:
Balance to credit of depositors
_
do
Balance on deposit in banks.
__.do.
41,SOI
16,813
14,818
886
22,598
46.8
34,870
15.0S0
12,684
773
17, 969
69.1
35, 542
15,299
13,046
711
18, 532
57.2
39,147
34,649
36,2C8
38,£07
2,289
6,484
8,342
8, ISO
108
9,157
45,860
42, 526
1,530
10,845
22,782
7,369
318
3,016
11,316
5,804
1,894
34,357
2,005
7,196
6,622
6,445
129
7,954
40,418
36,972
2,773
8,968
18,105
7,126
641
2,805
10, 256
6,035
1,253
36,184
2,054
4,934
6,753
6,575
130
8,146
39, £07
988
1,047
105
1,378
629
1,074
62
1,203
36,132
15,386
12,866
1.306
18,899
56.3
35, 815
15, 022
12,855
1,188
19,127
55.9
36,678
15,206
13,072
846
19, 735
54.5
37,492
15,508
13, 548
1,035
20,215
52.9
38,700
16,017
14,148
990
20,792
51.1
39,854
16,427
14,728
1,179
21,391
49.6
40,269
16,411
14,373
1,773
21, 731
49.0
39, 929
16,165
13,884
982
21, 748
19.2
40,434
16,270
14,228
949
22,162
48.4
40, 544
16,174
14,166
786
22,319
48.1
33,597
35,097
35,435
37, 587
38,539
34, 667
36,076
37,018
37,347
36,413
2,299
8,886
18,134
7,094
616
2,878
10,081
5,846
1,192
33,170
1,765
12, 589
6,810
6,643
119
8,796
41,872
39,288
2,942
10,341
18,743
7,262
629
2,955
12,164
6,027
2,032
33, 650
1,777
13,602
6,962
6,798
119
8,691
45, 430
41,875
3,881
11,057
19,435
7,502
613
2,942
11,487
6,015
1,446
35,111
1,756
11,100
7,120
6,952
122
8,515
44,635
41,075
3,077
11,057
19, 537
7,404
6C0
2, 960
11,065
5,984
1, 393
35,499
1,762
9,221
7,299
7,131
122
8,691
43,693
40,140
2,473
10, 757
19, 569
7,341
584
2, £69
10,980
6,076
1,523
37, 808
1,954
5,804
7,602
7,436
120
9,105
42, 543
39,057
1,774
10, 247
19,762
7,274
599
2,887
11,371
6, 247
1,8C6
38,823
2,039
5,757
7,611
7,450
116
9,688
43,428
39,920
1,768
10, 392
20,366
7,424
594
2,884
11,665
6,274
2,118
35,219
1,735
13,870
7,741
7,584
112
9,875
47,257
43, 708
2,864
10, OS 9
21,471
9,305
615
2, £03
12,630
6,415
1,669
36,251
1,859
12,314
7,860
7,697
117
8,856
47,139
43,657
2,553
9,971
21,937
9,196
600
2,882
12,107
6,350
1,869
37,347
1,939
10,523
8,052
7,883
125
8,915
46, 867
43, 555
2,140
9,994
22, 215
9,206
357
2,955
11,634
6, 251
1,737
37,198
2,077
9,222
8,197
8,028
125
8,944
46,617
43, 228
2,082
11,312
22, 384
7,450
337
3,052
11,180
6,088
1,614
589
1,073
15
1,326
1,616
1,073
53
1,363
1,547
1,071
87
1,321
1,255
1,071
54
1,308
967
1,C62
32
1,330
851
1,060
81
1,326
836
1,061
64
1,312
1,770
1,054
107
1,315
1,462
1,049
72
1,305
1,245
1, 044
71
1, 286
1,084
1,040
63
1,291
l.CO
4.00
1.50
1.00
4.00
1.50
2.18
2.82
3.14
l.CO
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.S3
2.61
2.65
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1.99
2.73
2.91
1.00
4.00
1.50
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
1.00
1.00
.375
l.CO
.375
1.00
.375
1.00
.375
1.00
.375
l.CO
.375
1.00
.375
1.00
4.00
1.50
l.CO
4.00
1.50
l.CO
4. CO
1.50
2.23
2.55
3.18
l.CO
4. CO
1.50
.44
.75
1.25
.44
.69
1.25
.44
.75
1.25
.44
.75
1.25
.44
.75
1.25
1.00
.375
1.C0
.375
1.14
7, 5C0
2,562
8
1.00
l.CO
l.CO
.375
.375
.375
1.36
1.35
1.34
.375
1.31
6,383
6,464
6,570
1,947
1,994
2,034
1.31
1.35
1.34
1.35
1.31
1.22
1.18
6,810
6,897
6,978
7,116
7,204
7,295
7,408
2,118
2,257
2,305
2,342
2,404
1.30
6,623
6,7C9
2,084
2,140
2,513
COINStMER SKCRT-TERM CREDIT
5,595
5,412
5,7S0
5,481 ' 5, 326 v 5, 575
5,148
5,1S2
5,209
5,148
5,272
v 5,411
5,037
Total consumer short-term debt, end of month*..do
1,973
2,013 ' 1, SC8 v 1,991
1,859
1,937
2,083
1,882
1,889
1,896
1,912
1,847
Instalment debt, total*
do_
* 1,687
773
778
7C0
743
836
707
706
'743
709
6E0
^20
P719
Sale debt, total*
do_
192
208
184
181
200
192
204
210
186
210
171
210
184
Automobile dealers*
_.
.do.
Department stores and mail-order houses*
162
172
184
163
P
1
63
141
132
148
132
138
142
138
mil. of dol..
253
244
269
249
P238
235
233
240
237
234
229
236
P237
Furniture stores*._
do
13
13
13
12
16
13
r
12
15
14
18
13
Household appliance stores*
do
48
44
70
61
42
45
44
54
43
48
43
Jewelry stores*.
do
89
84
92
79
1C0
82
81
79
88
82
80
All other*
do
1,200
1, 260
1,247
1,235 r 1 , 225
1,159
1,183
1,184
1,175
1,187
1,192
1,157
-1,268
Cash loan debt, total*
do
345
P374
358
357
344
325
335
343
r'357
342
319
P378
Commercial banks, debt*
do
Credit unions:
116
119
116
114
116
117
118
119
119
•118
138
118
116
Debt*
do-_.
18
23
16
23
18
16
20
19
20
19
Loans made
do
16
18
22
Industrial banking companies:
v 171
172
172
172
175
172
168
165
169
170
164
172
*172
Debt
_.
.do
33
37
30
35
v 42
33
33
30
Loans made.
do
34
34
35
Personal finance companies:
365
P381
378
372
388
361
362
365
363
364
367
Debt
do
77
94
58
56
106
68
72
75
70
67
73
61
70
Loans made
do
117
P131
124
120
115
'128
104
102
106
111
103
108
p 134
Insured repair and modernization debt*, - d o
85
87
87
88
85
86
85
85
85
85
85
85
87
Miscellaneous debt*
do
1,664
1,528 r 1,432 P1,662
1, 516
1,758
1,330
1,390
1,370
1,287
1,402
Charge account sale debt*.
do
p 1,500
p
1.181
1,231
1,206
1.220
1,188
1,231
1,241
1,250
1, 2£9
1,231
1,189
Single-payment loans, debt*
do
v 1,182
727
734
729
728
727
710
716
722
727
Service debt*
do
Index of total consumer short-term debt, end of month:*
87
84
85
87 I
82
82
81
83
Adjusted
1935-39=100..
85
'Revised.
v Preliminary.
§Includes open market paper.
IFor bond yields see p. S-19.
JSee note marked "*".
•A rate of 0.50 became effective October 30, 1942, on advances to member banks secured by Government obligations maturing or callable m 1 year or less.
cf The temporary rate of 3H percent established by legislation for instalments maturing after July 1,1935, expired July 1,1944; effective that date the banks voluntarily reduced
their rates to 4 percent on all loans in the United States, some of which bore a contract rate as high as 6 percent.
•New series Earlier data for the series on taxable Treasury notes are available on p. S-14 of the April 1942 and succeeding issues of the Survey. Data on consumer credit beginning 1929 are available in the November 1942 Survey, pp. 16-20, and subsequent issues, except for unpublished revisions as follows: Total consumer short-term debt (dollarfiguresand
index). 1929-43; single payment loans, 1929-October 1943; total instalment debt, total cash loan debt, commercial bank debt, 1934-43: insured repair and modernization debt (series now
represents insured FHA loans), 1934-September 1943; credit union data, 1941-September 1943; total instalment sale debt and automotive dealers, 1941; charge account sale debt, December 1941-April 1942; service debt, January 1941-April 1942. Except as indicated, the 1929-41 figures on pp. 16-20 of the November 1942 Survey are correct and the estimating procedure is essentially the same as that used originally; revisions resulted largely from adjustment of the monthly series to new bench-mark data and improvement m the method of
reporting consumer credit by commercial banks. Recent revisions are explained in detail in the December 1944 and January 1945 issues of the Federal Reserve Bulletin.
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
FINANCE—Continued
LIFE INSURANCE
Life Insurance Association of America:©
Assets, admitted, total* A
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
do...
Govt. (domestic and foreign), total
do...
U. S. Government
do...
Public utility
do...
Railroad
do...
Other
do...
Cash
_.do_._
Other admitted assets
.do.-.
Tnsurance written:®
Policies and certificates, total!
..-thous.
Group
do...
Industrial!
do...
Ordinary!
.do._.
Value, totalf
-thous. of dol.
Group
.do...
Industrial!
.do
Ordinary!
.do
Premium collections, total®
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 notes, 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
34,308
5.218
584
4,634
787
1,604
25,254
16. 236
14,864
4,411
2, 553
2,054
667
778
31,661
5,258
615
4,643
995
1,777
22,234
13,297
11, 728
4,481
2,473
1,983
671
726
710
47
379
284
859, 978
95, 334
136,537
628,107
306,273
34,413
21,068
56, 633
194,159
691
95
346
250
774,292
126,479
124,535
523,278
272,833
27,106
18,927
53, 558
173,242
33,865 34,103
5,225 . 5,218
591
581
4,634 ! 4,637
831
804
1,632
1,618
24,911
25,114
15,938 16,141
14,518 14, 735
4,443
4,431
2,534
2,536
1,996
2,006
534
587
732
762
31,848
5,252
618
4,634
976
1,762
22, 296
13, 365
11,762
4,476
2,473
1,982
811
751
32,102
5,263
620
4,643
954
1,746
23,055
14,149
12, 575
4,464
2,456
1,986
398
686
32, 295
5,261
620
4,641
936
1,733
23, 242
14,346
12, 797
4,454
2,452
1,990
457
666
32,454
5,259
617
4,642
921
1,719
23,381
14,447
12, 904
4,466
2,473
1,995
466
708
32,658
5,258
616
4,642
902
1,707
23,531
14,574
13,054
4,471
2,492
1,994
521
739
32, 864
5,249
612
4,637
893
1,693
23,619
14,646
13,172
4,497
2,471
2,005
665
745
33,063
5,239
605
4,634
876
1,678
23, 569
14,631
13,165
4,468
2.460
2,010
947
754
33, 418
5,257
602
4,655
854
1,662
24, 409
15, 547
14,090
4,434
2,462
1,966
490
746
33,683
5,235
595
4,640
844
1,646
24, 704
15,772
14,338
4,438
2,529
1,965
549
705
693
54
376
263
820, 098
136, 333
136,127
547, 638
308, 760
29,633
21, 070
63, 752
194, 305
698
89
340
269
842,991
125,675
125,183
592,133
339,600
35,319
21,680
70,116
212, 486
586
42
304
241
722, 960
80,220
112, 395
530, 345
285, 072
33, 842
19, 258
57, 309
174,663
627
70
313
244
746,819
110,319
115, 490
521.010
312,031
39, 567
21, 330
59, 522
191,612
562
35
300
227
648,376
64,796
111,226
472, 354
306,311
27,139
20, 532
69,974
188,666
678
46
367
264
777, 793
97,910
134,171
545, 712
292, 693
32,665
20,833
61, 419
177,776
645
44
344
258
776, 801
101, 755
124,976
550, 070
309,284
36,898
20,407
57, 036
194,943
589
70
290
230
908, 377
222, 532
140,421
545, 424
458, 763
120, 990
24, 566
84, 430
228, 777
573
37
299
236
747,853
64,376
123,724
559, 753
351,354
49,069
31,312
68,424
202, 549
617
35
334
284
739,162
00, 212
123,130
555, 820
333,056
37,897
23, 598
63, 992
207, 569
21S, 662 198,176 208, 273
110. 659 98, 960 101, 597
32,413 29,048
31,101
7,011
6,879
7,746
14,923
13,845
14,099
34, 528 31,352 33, 304
18,092 20, 426
19,128
210,972
95,739
29, 807
7,626
15,460
41,357
20,983
189, 589
91, 629
25,920
6,976
14,429
32, 598
18, 037
199, 500
103,802
26,162
7,068
14.335
29, 014
19,119
188,026
90,148
25, 591
6, 758
14,791
33,153
17, 585
200, 236
101,612
30, 515
7,083
13.955
29,072
17, 999
201,985
101,740
31.133
6, 972
14,942
30,167
17, 031
224, 886
101, 773
29, 437
6,188
13, 339
54, 071
20, 078
241,157
115,096
37, 596
8,104
19, 390
42,923
18, 048
210,979 244,825
106,100 117,584
30, 375 37,823
7,215
7,841
14,232 14.918
36, 229 46,677
16, 828 19,982
837, 536 676,653 717,341
61,888 49,426
51,019
223,899 182,624 190, 254
181,744 150,163 159,814
81, 779 64,158
70, 093
67,647
86,831
72, 400
30,972 27,074
27, 605
58, 636 46,144 48, 777
24, 541 20, 293 21,503
87, 246 69,124
75, 876
771,832
54, 219
196,325
161,592
76,048
74,900
30,372
54, 664
23, 274
100,438
696, 046
49, 896
178,969
150, 976
71,311
70, 826
28,082
46, 734
22, 595
76,657
701, 705
48, 553
165, 996
157, 726
74, 816
75, 315
28, 945
50, 456
22,103
77, 795
636,518
44, 821
152, 249
143,620
67, 355
66, 398
27,172
47, 761
20, 322
66, 820
724, 840
51, 959
187, 461
159,629
71, 442
76, 669
27, 550
50, 450
22, 230
77, 450
726,452
52,499
192, 674
159,734
72,174
74, 901
29, 268
50,119
21,356
73, 727
740,329
52,148
181,927
161, 278
75,129
76, 083
31,870
55,339
25, 423
81,132
737,564
58, 092
204, 556
159, 399
70, 450
71,948
27, 466
49,991
22, 608
73, 054
730, 926 869,490
54,244 63,176
193, 730 225,674
160,472 191,395
70,979 83, 792
74,258 89, 700
27,014 35,290
52,676 63,309
22,970 28,249
74. 583 88,905
752
66
398
288
892, 667
103,202
145,258
644, 207
378, 659
44,956
25,302
73,077
235,324
MONETARY STATISTICS
Foreign exchange rates:
.298
.298
.298
.298
298
.298
.298
.298
.298
.298
.298
Argentina
dol. per paper peso..
.001
.061
.061
.061
.061
.061
.061
.061
.061
.061
.061
.061
.061
Brazil, official c?1
_
_.dol. per cruzeiro..
.301
.301
.301
.301
.301
.301
.301
.301
.301
.301
.301
.301
.301
British India
dol. per rupee..
.905
.900
.906
.903
.902
.900
.897
.898
.897
.905
.904
.894
.900
Canada, free rate§
dol. per Canadian dol..
.570
.571
.573
.570
.573
.573
.573
.573
.573
.572
.573
.573
.572
Colombia
dol. per peso..
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
.206
Mexico
do
4.035
4.
035
4.035
4.035
4.035
4.035
4.035
4.
035
4.
035
4.035
4.035
4.035
4.
035
United Kingdom, official rate§
dol, per £
Gold:
20, 996
20, 926
20,727
20, 688
20, 619
20, 506 20,419
21,264
21,173
20, 825
20, 550
Monetary stock, TJ. S
mil. of dol.. 20,374 21,429
2,690 - 2 7 , 378 —22, 647 - 3 4 , 6 6 9 - 4 6 , 255 - 5 8 , 1 6 0 -37, 392 - 4 6 , 924
Net release from earmark*
thous. of dol.. -53,191 -70,542 -93,110 - 6 , 3 9 5 —96,627
Production:
r
53, 404 p 55, 225 p 50, 986 v 54, 707
54, 461
55, 879
57. 226
53,675
53,£87
54, 826
54, 775
57, 227
Reported monthly, totalf
do
39, 593
40, 224
39,110
38,196 P 39. 506 p 36, 953 P 39, 748
38,2P0
39,074
38, 525
39, 401
40, 245
Africa
-...do...
r
7,432
8, 568
P8,050
8,247
8,290
8,051
7,809
8,012
8,989
8,397
8,274
8,166
Canadaf
.
.
do
2,342
2,431
2,959
2,779
2, 863
2,974
2,769
2,881
3,028
2, 463
United States^
do....
2,936
2,446
Money supply:
25, 307
24, 425
22,699
23, 292
25, 751
23,794
22,160
22, 504
25,019
Currency in circulation
mil. of dol._ 26,189
25, 290
21,552
25,899
Deposits adjusted, all banks, and currency outside
139, 900 r143, 200 r 150, 988 P 1 5 1 , 1 0 0 P150.900
128,000 136,172 ' 139, 300 139, 200 139,100
banks, total*
mil. of dol..
127,500
^150, 700
Deposits, adjusted, total, including U. S. deposits*
115,291 118,100 ' 117, 500 116,900 117,100 r119,900 '127,483 P 1 2 7 , 4 0 0 P126, 700
107, 500
mil. of dol..
107,600
*126,500
Demand deposits, adjusted, other than TJ. S.*
62,100 65,100
61, 500 r 64, 300 r 65,500 ' 69, 500 p 72, 500 r66, 930 P 68, 600 P 69. 700
60,065
mil. of dol-.
34, 600 35, 300 ' 35, 720
36, 300 ' 37,100 ' 37,900 ' 38,900 P 39,200 r 39,790 p 40,500 v 41,400 '71,100
Time deposits, including postal savings*, do _
Silver:
P 42,000
.448
Price at New York
dol. per fine oz._
.448
.448
.448
.448
.448
.448
.448
.448
.448
.448
.448
Production:
Canada
thous. office oz
1.030
1,230
1,072
1,227
830
952
1,160
905
1,054
1,192
1,019
United States
_do..
3.071
2,524
3,511
2,892
3, 538
3,119
2,291
2,889
3,247
2,157
3,105
2,564
5,154
Stocks, refinery, U . S., end of month
do..
0)
J
»• Revised.
v Preliminary.
J36 companies having 82 percent of the total assets of all United States legal reserve companies.
Discontinued by compilers.
A In January 1944 one company was replaced by a larger one and the 1943 data revised accordingly; revisions for January-September 1943 are available on request.
®39 companies having 81 percent of the total life insurance outstanding in all United States legal reserve companies. • Or increase in earmarked gold (—).
cfPrior to Nov. 1,1942, the official designation of the currency was the "milreis." ©Formerly "The Association of Life Insurance Presidents."
§The free rate for United Kingdom shown in the 1942 Supplement was discontinued after Feb. 1,1943; the official and free rates (rounded to thousands) were identical from January
1942 to January 1943. The official rate for Canada has been $0,909 since first quoted in March 1940.
IData 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 " J " on p. S-17 of the March 1944 Survey. Monthly revisions for 1941 and January-May 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 reporting; data beginning September
1941 are available in the November 1942 Survey: earlier data are available on request. The new series on bank deposits and currency outside banks are compiled by the Board of
Governors of the Federal Reserve System and are partly estimated. Demand deposits adjusted exclude cash items in process of collection. The figures for time deposits include postal
savings redeposited in banks and amounts not so deposited. The amount of U. S. deposits can be obtained by subtracting the sum of demand and time deposits from figures for total
deposits. Monthly data beginning January 1943 and earlier semiannual and annual data will be published later.
!Data for the indicated series have been published on a revised basis beginning in the February 1944 Survey and are not comparable with data in earlier issues (see note ID
March 1945 Survey for explanation of the revision, which extended back to January 1941, and the effect on the 1941-42 data); revisions for January 1941-October 1942. also earlier
small revisions in value data for ordinary and the total back to December 1938, are available on request.
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1945
April
S-17
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
FINANCE—Continued
P R O F I T S AND DIVIDENDS (QUARTERLY)®
Industrial corporations (Federal Reserve): <?
Net profits, total (629 cos.)
.mil. of dol..
Iron 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 (45cos.)__
.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 utilities, class A and B, net income (Federal
Reserve)*
mil. of dol..
Railways, class I, net income (I. C. C.)
do
Telephon es, net operating income (Federal Communications Commission)..
_
.mil. of dol..
'457
46
40
55
38
'518
'55
55
'59
471
50
39
54
U7
32
21
39
62
48
39
41
56
227
'271
239
22
149
20
137
23
178
20
142
123
168.4
111
173.3
130
164.8
139
58.2
58.3
64.0
PUCLIC FINANCE (FEDERAL)
U. S. war program, cumulative totals from June 1940:*
Program
mil. of dol_. 360, 870 341, 757 341,605 343, 514 392, 377 392, 453 392, 479 391,096 390,389 390, 506 390,350 389, 056 388,85(7
Cash expenditures
do
274,see 184,008 191,926 199,883 207, 238 215,035 222,140 229, 586 236,682 244, 516 252,036 259,COO 267, 320
U. S. Savings bonds:*
32,497
Amount outstanding
...
do
32,987
42,626
37, 645
38,308
36, 884
40,361
37, 323
41,140
34,606
36, 538
41,668
42,160
739
Sales, series E, F, and G
.do
751
695
8S8
1,842
602
1,023
2,386
692
1,074
2,125
848
889
237
279
Redemptions
do
404
365
279
401
382
248
283
341
227
323
464
235, C 69 184,967 186,366 201, C03 208,574 209,802 2C9,496 210,244 215,005 230, 630 232,408 233, 707 233, 950
Debt, gross, end of month®
do
Interest bearing:
215,140 169,715 170,753 185,256 192,156 192,827 191, 873 192,438 194,192 212,565 213,984 214, 724 214,459
Public issues..
do
13,697
14,122
17,623
16,170
Special issues§
do
16,583
16,326
15,461
15,976
16,688
14,287
14,961
17,130
17, 567
1,554
1,492
N on interest bearing
do
2,CC6
1,636
2 4,230
1,739
1,514
1,460
1,645
1,736
1,456
1,853
1, 923
Obligations fully guaranteed by U. S. Gov't:
2,258
Total amount outstanding (unmatured)
do
1,529
1,132
1,480
1,516
1,475
1,470
1,470
1,480
1,496
1,468
1,114
1,119
Expenditures and receipts:
7,859
8,292
Treasuiy expenditures, total
do
8,024
7, £68
7,828
8,625
8,119
8,416
8,202
7,930
8,110
7, 460
9,433
7,346
7,879
7,479
7,139
7,401
7,503
7,567
7,571
7,551
War activities}
do.._
7,201
(\ 948
8, 246
40
26
236
47
22
18
57
Transfers to trust accountst
do
22
69
40
451
48
45
117
52
139
133
747
56
560
77
Interest on debt
do
581
191
86
91
628
355
334
455
365
353
332
415
All other!
_
do...
271
329
390
372
373
513
3,119
3,256
2,967
2,054
2,506
2,859
5,418
Treasury receipts, total
do_._
6,249
5,927
3,587
2,212
3,987
6,908
3,087
2,950
2.229
2,001
Receipts, net
do_._
2,240
5,416
2, 568
5,926
3, 556
6,247
2,163
3,767
6, 892
39
33
38
29
Customs
do
27
29
23
25
36
23
28
28
33
2,935
3,024
2,746
Internal revenue, total
do
5,734
1,880
2,300
4,945
2,702
5,749
3,042
1,885
3,815
6, 431
2,475
2,167
2,167
Income taxes
.do.__
1,240
1,501
4,347
1, 552
5, 241
5,174
2,422
1,247
2,622
5,818
Social security taxes
do.._
46
337
60
293
319
63
48
341
75
56
96
Net expenditures of Government corporations and
87
71
148
credit 8gencies*__
mil. of dol..
95
-71
164
88
254
-21
-35
193
313
-407
Government corporations and credit agencies^
31,083
31,153
Assets, except interagency, total.do
31,666
32, 660
32,028
31,959
31,097
31, 782
7,743
Loans and preferred stock, total
do
7,370
7,228
7,4C5
7,656
7, 621
7,504
6, 602
Loans to financial institutions (inch preferred
652
632
stock)
mil. of dol—
674
621
631
C67
502
409
406
Loans to railroads
do
343
387
388
4C5
405
281
1,754
1,732
Home and housing mortgage loans
do
1,643
1,568
1,706
1,636
1,681
1, 456
2,708
Farm mortgage and other agricultural loens-do....
2,653
2,591
2,474
3,385
3,407
2,532
3,037
2,220
2,233
All other
do
2,235
1,311
2,244
1,368
2,219
1,327
2,161
1,750
U. S. obligations, direct and guaranteed
do
1,592
1,630
1,603
1,701
1,578
1, 756
1,671
1,685
Business property
do
3,747
1,702
16,275
15, 776
3,742
16, 761
7,985
Property held for sale
do
8,042
8,392
9,220
2,993
3,050
8,4S6
3,018
11,524
12,020
All other assets
do
10, 761
12,250
3,901
4,126
9,776
3,644
9,164
8,722
Liabilities, other than interagency, total
do
9,131
9,364
' 9,660
r 7,667
8,663
7,348
Bonds, notes, and debentures:
2,274
1,672
1,766
1,537
Guaranteed by the U. S
do
1,571
1,565
1,571
1,150
1,302
1,427
1,413
1,200
1,395
Other
...do
1,229
1, 2C4
1,237
r
5,589
5,623
6,185
6,360
6, 921
' 4,736
Other liabilities, including reserves
do
5,863
4,962
435
435
468
444
504
Privately owned interests
do
443
444
453
21,484
21,996
21,858
23,114
23,857
U. S. Government interests
do
21, 771
21,990
21,986
Reconstruction Finance Corporation, loans outstanding,
9,174
9,330
9,704
9,846
9,648
9,428
9,711
9,607
9,865
9,473
1,867
9,849
end of month, totalf
mil. of dol._
9,713
379
372
269
335
330
338
322
342
314
Banks and trust cos., inch receivers
do
357
351
302
221
222
170
208
207
222
205
218
208
209
204
Other financial institutions
do
196
182
375
240
372
343
340
312
353
372
371
354
287
Railroads, including receivers
do
276
251
Loans to business enterprises, except to aid in national
37
33
34
32
31
34
31
33
28
defense
mil. of dol__
33
7,449
7,627
8, 260
7,749
8,104
7,977
8,265
8,329
7,807
5,370
National defense
do
8,294
713
702
646
694
681
692
674
665
693
664
Other loans and authorizations
do
651
r
Revised. §Special issues to government agencies and trust funds. ® Figures are on the basis of Daily Treasury Statements (unrevised).
1
Partly estimated. 2 November data include prepayments on securities dated Dec. 1,1944, sold in the Sixth War Loan drive.
• I n addition to data shown aboe, quarterly estimates of profits of all corporations are published in special tables in the Survey; see note in March 1945 Survey for references.
cf Revisions for first quarter of 1944 (millions of dollars): Total, 443; foods, beverages, and tobacco, 38; other transportation equipment, 50. The latter series and the total have
been revised also for 1942-43 and scattered revisions have been made in the 1943 data for other series; all revisions are available on request.
JFor 1941 revisions see p. S-17 of the November 1942 issue. Data for the agricultural adjustment program, shown separately through the February 1944 issue, and unemployment
relief, shown separately through the July 1944 issue, are included in the "all other" item. Debt retirements, which have been comparatively small, are excluded.
^Beginning September 1944 data are reported quarterly and for some items (notably farm mortgage and other agricultural loans, all other loans, business property, property held
for sale, all other assets) are not comparable with earlier data owing to changes in Treasury Department regulations governing reports from the agencies and to shifts between classifications.
*New series. For data beginning 1929 for profits and dividends of 152 companies, see p. 21, table 10, of the April 1942 Survey. Data for net income after taxes of class A and B
electric utilities have been substituted for data for 28 companies; they include affiliated nonelectric operations and cover 95 percent of all electric power operations. Data beginning
1939 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; a comparatively small amount of intercompany
duplication in the figures for R. F. C. and its subsidiaries has been eliminated beginning October 1943; 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 on 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 Commodity Credit 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.
tRevised
series; see note in the December 1943 Survey regarding changes in the classifications; the figures include payments unallocated, pending advices, at end of month.
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
May
April
July-
June
August
September
1945
October
November
Decem
ber
January
February
March
FINANCE—Continued
SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated gross proceeds, total—
mil. of dol_.
By types of security:
Bonds, notes, and debentures, total
do
Corporate _
_
do
Preferred stock
. do
Common stock
do
By types of issuers:
do
Corporate, total
Industrial
do
Public utility
do
do
Rail
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
Retirement of debt and stock
Funded debt
do
Other debt
do
Preferred stock
do
Other purposes . . __
do
Proposed uses by major groups:!
Industrial, total net proceeds . .
do
New money
do
Retirement of debt and stock .
do
Public utility, total net proceeds
-do....
An
R etirement of debt and stock
-do.__.
Railroad, total net proceeds
do
New money
do
R etirement of debt and stock
-do....
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, eto
..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.
CorDorst©
do
do
Municipal State, etc
Bond Buyer:
State and municipal issues:
Permanent (long term) _ .
. . thous. of dol
do
Temporary (short term)
1,530
916
1,069
12,109
2,353
897
1,148
1,538
1,441
14, 732
1, 583
1,093
1,28£
1,447
560
43
40
804
43
96
16
1,045
125
15
9
12,097
151
3
9
2,312
152
20
20
882
214
12
2
1,085
375
54
9
1,489
686
39
10
1,410
315
18
13
14,685
107
2
45
1,531
229
37
15
1,080
202
2
11
1,236
172
41
IS
643
124
139
365
15
887
838
49
155
122
28
0
4
761
739
17
148
87
58
2
1
920
751
160
163
60
24
45
34
11,946
11,914
31
192
112
59
21
438
88
153
191
6
710
692
18
735
191
505
37
2
803
695
108
347
31
262
53
1
1,095
1,023
71
154
18
10
83
42
14,579
14, 544
34
281
84
66
121
10
1 302
1 074
113
215
27
61
109
18
878
848
15
22C
96
12£
2,161
2,125
36
229
68
26
135
0
668
602
65
4
1,063
88S
174
632
150
146
160
188
226
429
722
340
152
275
212
221
102
55
47
527
501
14
12
3
53
24
28
94
55
1
38
3
23
17
6
123
115
3
5
23
8
15
135
103
18
13
1
60
36
24
122
109
0
13
6
57
24
33
166
147
123
9
114
592
566
2
24
7
24
11
13
316
207
54
4
50
96
96
0
1
1
35
14
21
240
221
19
3
27
17
10
396
357
1
38
5
28
16
12
182
160
5
17
1
48
28
19
172
158
1
13
2
120
64
55
137
12
125
360
14
346
118
49
66
28
58
17
40
24
109
34
70
58
66
38
27
26
85
10
75
149
186
113
73
498
18
12
5
10
93
41
5C
K
Q
n
124
c
23
45
4
41
52
21
21
0
24
134
19
115
139
189
10
179
484
36
2
35
255
52
4
48
10
82
0
82
82
28
54
65
0
65
119
0
119
27
9
16
60
28
0
0
0
85
19
65
58
Q
58
2
2
0
60
108
12
96
122
0
0
0
767,163
136, 245
136,245
111,075
6,020
19,150
0
630,918
630,918
554,843
46,140
29,935
0
234, 729
79,994
79,994
73,464
0
6,530
0
154, 735
149, 235
107,636
31,460
10,140
5,500
418, 587
54, 091
54, 091
32,616
605
20, 871
0
364,495
355,345
184,091
32, 270
138,984
9,150
238,982
63,481
42,481
15,373
4,125
22, 983
21,000
175, 501
170, 251
78, 754
83,025
8,471
5,250
274, 420
70, 425
68,925
57, 328
0
11,597
1,500
203, 995
203, 795
153, 917
27,455
22, 423
200
331,720
145,073
145,073
105, 573
0
39,500
0
186,647
186,647
140, 608
20, 315
25, 724
0
478, 271
41, 874
41, 874
29, 208
0
12, 666
0
436, 397
436, 397
400, 717
30, 010
5,670
0
898,654
177,599
177, 599
130,618
0
46, 981
0
721,055
714. 055
610, 535
42, 370
61,150
7,000
479, 670
39, 270
39, 270
22, 816
10, 090
6,364
0
440, 401
440, 401
335, 894
39, 425
65,082
0
193,296
38,231
38,231
18,681
0
19, 550
0
155,065
155,065
114,104
26, 715
14,246
0
633, 217
142, 943
135, 900
42, 741
1, 505
98, 697
0
490, 274
490. 274
272. 280
195, 460
22, 534
0
244, 580
41,936
41, 936
26,925
8,670
6,341
0
202, 645
162,645
136,332
17,950
8,363
40,000
557,269
86,046
86,046
62,044
0
24,002
0
471,223
471, 223
295, 766
25,475
149,982
0
63
57
6
33
27
6
19
9
10
53
45
8
93
55
38
30
17
13
56
16
40
17
11
6
25
7
18
117
27
90
22
16
6
49
34
15
16,933 166,138
52,845 20,292
37,391
45,354
32, 695
122,700
56,733
5,100
23, 441
28,199
113,957
68,661
97, 431
7,700
48, 288
19, 366
34,693
39,784
Q
ft
(°)
(a)
109
29
16
12
259
A
o
19
0
o
r
117, 473
131, 434
c
12, 470 r 178, 220
15,449 r 93, 780
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members carrying
margin accounts)^
Customers' debit balances (net)
Money borrowed
Customers'free credit balances
mil. of Hnl
do
do
_ do
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 (15 bonds)
dol. per $10() bond—
Medium and lower grade:
-do....
Composite (50 bonds)
do
Industrials (10 bonds)
_ do__
Public utilities (20 bonds)...
Railroads (20 bonds).
—do
Defaulted (15 bonds)
do
. do
Domestic municipals (15 bonds)f
-do—.
U. S. Treasury bonds (taxable)t
-
1,065
780
790
940
940
950
940
1,100
1,034
550
400
660
420
630
410
640
420
670
430
640
430
1,041
209
726
472
1,070
600
390
887
196
619
424
940
701
575
730
530
730
540
722
553
103.10
103.04
80.60
100. 31
101.10
74.62
100. 62
101.41
75.29
100. 53
101. 26
76.32
100. 71
101.40
75.50
100.74
101.41
76.04
100. 61
101.29
75.55
100. 71
101.38
76.11
100.92
101.60
76.15
101. 35
101.97
76.33
101.91
102. 51
77.27
102. 58
103.15
79.22
102.53
103.09
79.30
122.9
120.7
120.9
120.9
121.3
121.2
121.2
121.1
120.9
121.4
121.6
121.9
122.7
118.2
123.1
116.5
115.0
71.9
141.6
101.7
114.4
121.0
116.6
105.5
59.0
135.8
100.3
114.7
121.5
116.0
106.5
58.9
135.6
100.2
114.5
121.5
115.9
106.2
61.2
135.5
100.2
114.7
121.1
116.3
106.8
61.3
136.1
100.2
114.8
120.9
116.2
107.3
57.3
136.5
100.4
114.5
120.1
116.5
107.0
55.5
136.2
100.4
115.5
119.9
116.9
109.6
59.1
135.5
100.3
115.9
119.9
116.8
111.1
61.7
135.2
100.3
116.9
120.7
116.8
113.2
65.8
135.5
100.3
117.3
121.2
117.0
113.7
68.6
136.6
101.0
117.6
121. 9
116.5
114.3
68.1
138.7
101.8
118.1
122. c
116.5
114. €
68.?
140. r
101. f
' Revised. • Less than $500,000.
® Includes for certain months small amounts for nonprofit agencies not shown separately.
§Small amounts for "other corporate", not shown separately, are included in the total net proceeds, all corporate issues, above.
^Beginning March 1945 data are from the New York Stock Exchange; earlier data were compiled by the Board of Governors of the Federal Reserve System and, except for June
and December, data are estimates based on reports for a sample group of firms.
fRevised series. 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; there have also been unpublished revisions in the January-July 1943 and January-May 1942figuresand in the July-December 1942 figures
for U. S. Government and the totals that include this item (July-December 1942 figures for other items are correct in the August 1943 Survey); all revisions are available on
request. The price index for domestic municipals is 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. Revised data beginning November 1941 for the price series for U. S. Treasury bonds are shown
on p. 20 of the September 1944 issue.
June 1945
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
S-19
1945
1944
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds—Continued
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. Government, total...do
Domestic
do
Foreign
.do
Value, issues listed on N . Y. 8. 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
176,998
259,930
144,881
221,137
166,046
234, 544
184,358
296,029
170, 406
258,532
115,386
164,549
100, 214
143,273
141, 242
197. 373
138,318
208,588
194,057
308, 571
237, 830
411,818
156,187
226, 548
177, 485
249,721
165,137
243, 584
133,606
206, 364
153, 442
218, 886
169,220
267,881
158,655
243,004
104,051
149,718
90,966
131, 764
130, 747
185, 232
129,013
196,075
183,545
293,799
223, 579
384,803
143,104
201,689
165, 095
231,927
243,784
193, 748
137, 613
132,211
166,619
196,864
191,747
246,476
191,157
213,749
266,532
341, 960
534
400
915
436
503
331
461
247
365
349
788
395
245,942
235,869
10, 073
190, 757
180, 680
10,077
212,834
204,161
8,673
243,348
231,087
12, 261
193, 245
182,523
10, 722
137, 282
130,104
7,178
131, 750
124,941
6,809
166,372
160, 202
6,170
196,499
189,948
6,551
266,183
257,840
8,343
341,172
332, 366
8,806
191, 352
177,922
13,430
206,776
585
206,191
197,883
8,308
111,819
109,161
2,658
115,280
113,137
2,143
95,013
92,181
2,832
95,305
93,192
2,114
93,272
90,442
2,830
93,849
91, 719
2,130
95, 729
92,929
2,799
96,235
94,099
2,137
101, 559
98, 856
2,703
102, 285
100, 244
2,041
10.1, 581
98,881
2,700
102,329
100, 276
2,053
101, 399
98, 704
2,694
102,017
99, 981
2,036
101,088
98, 400
. 2,688
101,801
99, 756
2,046
100,450
97, 765
2,685
101,378
99,333
2,044
111,116
108,438
2,678
112,621
110, 577
2,044
111,885
109, 219
2,667
114, 020
111,959
2,060
111,995
109, 329
2,667
114,882
112, 769
2,113
112,001
109,331
2,670
114,832
112,714
2,118
1.35
1.69
1.65
1.64
1.59
1.59
1.66
1.64
1.63
1.62
1.53
1.46
1.38
2.90
3.08
3.06
3.05
3.04
3.02
3.03
3.02
3.02
2.98
2.97
2.93
2.91
2.61
2.73
2.90
3.36
2.74
2.82
3.09
3.68
2.73
2.81
3.07
3.63
2.73
2.81
3.07
3.59
2.72
2.80
3.05
3.57
2.71
2.79
3.04
3.55
2.72
2.79
3.05
3.56
2.72
2.81
3.01
3.55
2.72
2.80
3.01
3.53
2.70
2.76
2.98
3.49
2.69
2.76
2.98
3.46
2.65
2.73
2.94
3.41
2.62
2.72
2.92
3.38
2.69
2.94
3.07
2.83
2.97
3.45
2.81
2.97
3.41
2.79
2.96
3.40
2.79
2.95
3.37
2.79
2.94
3.34
2.79
2.94
3.35
2.79
2.96
3.32
2.77
2.98
3.29
2.74
2.96
3.25
2.73
2.97
3.23
2.69
2.95
3.16
2.68
2.94
3.11
1.57
1.85
1.86
1.87
1.84
1.82
1.83
1.87
1.88
1.87
1.81
1.71
1.61
1.68
2.39
1.94
2.48
1.94
2.49
1.91
2.49
1.89
2.49
1.90
2.48
1.93
2.47
1.93
2.48
1.90
2.48
1.87
2.48
1.81
2.44
1.75
2.38
1.70
2.40
Stocks
Cash dividend payments and rates, Moody's:
Total annual payments at current rates (600 companies)
mil. of dol.. 1,868. 26 1,763.92 1,818. 36 1,818.13 1, 817.90 1,819.87 1, 822.01 1,833. 24 1,860.07 1,843.45 1, 843. 52 1, 851. 69 1,867.88
Number of shares, adjusted.millions.. 941. 47
941.47
941.47
941.47
941.47
941.47
941. 47
941.47
941.47
941.47
941. 47
941. 47 941. 47
Dividend rate per share (weighted average) (600 com1.92
1.87
panies)
-.
dollars. _
1.93
1.98
1.94
1.95
1.93
1.93
1.98
1.96
1.96
1.97
1.98
Banks (21 cos.)
do
2.93
2.81
2.81
2.81
2.81
2.81
2.82
2.82
2.82
2.82
2.82
2.82
2 93
Industrials (492 cos.)
do
L92
1.92
1.80
1.88
1.88
1.88
1.88
1.88
1.89
1.92
1.90
1.90
1.91
Insurance (21 cos.)
do
2.57
2.57
2.54
2.54
2.54
2.54
2.54
2.54
2.54
2.54
2.57
2.57
2.57
Public utilities (30 cos.)...
...do
1.80
1.80
1.81
1.80
1.80
1.80
1.80
1.80
1.80
1.80
1.80
1.80
1.80
Railroads (36 cos.).—
do
2.66
2.66
2.40
2.42
2.42
2.42
2.42
2.42
2.55
2.56
2.56
2.57
2.63
Dividend payments, by industry groups:*
118.4
307.4
Total dividend payments
.mil. of dol._
350.5
460.7
133.7
379.6
298.0
300.4
129.2
794.8 ' 299. 7 ' 139. 2 ' 373. 9
Manufacturing..
do
131.4
127.8
66.9
264.6
144.3
61.4
239.2
127.5
70.9
451.4
'99.1
'60.3 ' 235. 0
Mining
do
4.1
4.4
1.0
3.9
1.2
4.7
2.9
1.8
43.4
20.8
68.5
21.1
1.0
Trade
do
4.1
3.8
5.4
7.9
'23.5
16.4
17.7
25.7
17.6
25.7
17.2
45.8
19.8
Finance.
do
45.7
45.1
11.0
30.8
78.5
25.9
24.2
48.5
12.9
72.0
'23.3
'77.2
'24.2
Railroads.
_.
do
1.4
7.9
2.9
'16.0
17.2
12.0
37.3
14.8
11.9
12.8
59.5
16.6
7.0
r
Heat, light, and power
_
do
31.1
40.2
39.4
31.2
32.7
37.7
31.4
31.9
38.1
31.9
52.7
35.4
'36.1
Communications
do
.
2
.
1
.2
13.7
46.4
46.4
14.5
46.5
14.0
46.5
16.1
45.9
.2
Miscellaneous
___
do
6.0
5.2
2.6
7.2
2.0
5.1
2.1
'10.2
3.9
11.7
11.9
28.8
'2.5
Prices:
Average price of all listed shares (N. Y. S. E.)
64.3
67.4
80.0
69.2
Dec. 31,1924=100..
70.2
69.8
69.5
69.7
70.3
72.6
73.8
77.8
74.7
Dow-Jones & Co. (65 stocks)
dol. per share. _ 59.89
58.62
49.26
49.85
51.85
53.03
52.60
51.81
53.15
53.11
55.32
57.11
58. 64
Industrials (30 stocks).-.
do
157. 22
137.19
160. 47
139. 22
145.46
148. 37
146. 72
145. 20
147.68
146.88
150.35
153.95
157.13
Public utilities (15 stocks)
do....
27.89
22.72
29.09
22.74
23.47
23.96
24.74
24.67
25.61
25.45
25.80
26.53
27.90
Railroads (20 stocks)
do
51.43
39.00
53.97
39.36
40.58
41.85
41.12
39.75
41. 52
42.11
46.34
48.87
50.39
New York Times (50 stocks)
_.do
110. 43
96.06
114.76
96.95
101.46
103. 34
102.25
100.60
103.03
102. 71
106.45
107. 79
110. 96
Industrials (25 stocks)
_
do...
182. 02
162. 27
188.19
164.04
171. 88
173. 59
173.42
171. 24
174. 72
173. 52
177.38
179. 07
183. 30
Railroads (25 stocks)
!.
do...
38.84
29.86
41.33
29.88
31.04
31.73
31.09
29.97
31.33
31.89
35.52
36.51
38.63
Standard and Poor's Corporation:
97.2
95.1
114.4
101.5
102.7
103.5
104.3
100.7
Combined index (402 stocks)
_ 1935-39=100
102.7
108.4
104.7
113.0
111.8
Industrials (354 stocks)
...do
96.5
116. 5
99.0
103.9
106.7
104.7
102.6
105.6
104.6
106.4
110.4
115.2
114.0
Capital goods (116 stocks)
do
103.2
86.5
105.5
87.8
92.7
96.1
94.3
92.6
95.6
94.5
96.0
99.4
103.6
Consumer's goods (191 stocks)
do
100.9
122.2
103.6
110.2
113.1
111.7
110.7
113.2
112.0
113.4
116.3
121.0
119.3
Public utilities (28 stocks)
do
96.1
87.3
98.0
87.8
89.6
91.3
92.1
91.4
92.7
92.1
92.4
93.8
96.8
Railroads (20 stocks)
do
97,3
129.3
99.3
100.8
105 3
102.5
98.7
103.4
104.9
113.9
120.7
125.3
123.6
Other issues:
99.6
106.2
100.7
107.3
110.6
103.9
106.7
105.0
109.4
114.6
114.4
Banks, N. Y. C. (19 stocks)
do....
113.3
110.9
Fire and marine insurance (18 stocks)
do
125.4
113.6
123.5
113.3
112.3
116.9
116.4
115.5
117.7
118.0
117.8
120.8
124.6
Sales (Securities and Exchange Commission):
Total on all registered exhanges:
Market value
thous. of dol.. 1,152,119 562,816 686, 237 1,159,179 1,055,963 735,302 623,194 749,411 742,746 1,154,134 1,472,624 1,259,442 1,255,582
Shares sold
thousands.. 47,821
55, 324
26,370
29,409
59,069
53, 995
38,826
28,275
33, 554
31,371 51,026
69, 879
60, 376
On New York Stock Exchange:
967,147 472,164 578,183 997,805 898,478 610,477 518,521 617,187 617,307 985,806 1,248,351 1,049,411 1,060,085
Market value
thous. of dol
Shares sold
thousands.. 34, 454
19,682
21,633
45,854
40,055
27, 530
20, 284
23, 480 22,139
38,418
51, 208 41, 887
38, 516
Exclusive of odd lot and stopped sales (N. Y.
13,847
17, 228
20, 753
Times)
_
thousands.. 28, 270
28,220
17, 534
37,713
15,946
18,019
31,260
32, 613 27,492
38,995
' Revised.
•New series. Data for 1941 and 1942 for dividend payments are shown on p. 20 of the February 1944 issue.
tRevised series. The revised yield series above and the price series on p, S-18 for long-term Treasury bonds consists of all issues not due or callable for 15 years; revised data
through December 1943 are shown on p. 20 of the September 1944 issue.
S-20
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
Febru- March
ary
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Shares listed, N . Y. S. E.:
Market value, all listed shares
mil. of dol._
Number of shares listed
millionsYields:
Common stocks (200), Moody's
percent..
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
do
Public utilities (25 stocks)
do....
Railroads (25 stocks)
do.. _.
Preferred stocks, high-grade (15 stocks), Standard and
! Poor's Corporation
percent..
61,497
1,512
48, 670
1,494
50,964
1,493
53,068
1,493
4.3
3.4
4.1
3.4
4.8
5.5
4.9
3.8
4.6
3.8
5.6
7.0
4.8
3.6
4.7
3.7
5.4
6.7
4.6
3.5
4.4
3.7
5.2
6.6
4.7
3.6
4.5
3.7
5.3
6.6
3.67
4.03
4.04
3.98
3.94
52,488
53,077
1,497 I 1,499
4.7
3.5
4.5
3.7
5.2
6.7
52,930 53,087
53, 592
1,481 | 1,481 1,483
55, 512
1,492
56, 586
1,496
59, 680
1,498
4.7
3.5
4.5
3.7
5.3
6.7
4.7
3.5
4.5
3.6
5.3
7.0
4.8
3.3
4.6
3.6
5.3
6.8
4.6
3.3
4.5
3.7
5.2
6.1
4.6
3.3
4.4
3.6
5.2
6.3
3.95
3.95
3.92
3.87
3.82
3.78
204
240
117
198
' 234
118
4.3 !
3.3
4.2
3.4
5.0
5.9
FOREIGN TRADE
INDEXES
Exports of U. S. merchandise:
Quantity
Value
"Unit value
Imports for consumption:
Quantity
Value
Unit value
.1923-25=100.
.do...
do
do...
_.do_._
do_-_
265
296
318
107
348
379
1G9
305
339
111
290
320
110
276
320
116
276
319
116
259
304
117
269
316
117
216
248
115
131
111
85
136
117
86
118
101
86
106
90
86
111
93
84
104
87
84
122
103
85
121
101
84
124
104
84
1,142,274 1,184,849
895, 234 901,990
122,359 115,145
87,053 110.825
2,885
2,109
20,183
21,533
3,601
5,601
13, 349
18, 805
19, 299
24, 252
1,136,901 1,176,439
327,187 321,922
114, 239 102, 909
136, 985 128,265
16, 513
11,683
23,763
25, 678
10,000
9,025
32,185
33, 862
16, 242
15,266
330, 278 323, 779
933, 752
683, 487
91, 642
93, 306
2,957
18, 855
5, 556
16,319
21,855
925, 208
336, 082
94, 698
138, 732
12, 804
26, 290
21, 467
33, 714
17,119
332, 721
J03
VALUE
Exports, including reexports, totalt
thous. of doL.
Lend-lease*
--do
Canada§
--do
Latin American Republics§
do
Argentina!
do
Brazil§
do
Chile§_
—
---do
Cuba§
do
Mexico§
do
Exports of U. S. merchandiset
do
General imports, total?
do
Canada§
do
Latin American Republics!
._
do
Argentina§
do
Brazil^
~_
do
Chile§
do—
Cuba§
do
Mexico§
do
Imports for consumption $
do
1,003,796 1,226,108 1,455,397 1,295,336 1,197,188 1,187,725 1,192,680
•02, 473 986,717 1,193,139 1,035,397 936,478 927, 576 953, 923
123,170 132, 223 131,541 130, 197 133,138 116, 505
82,516
85,589
82,003
95. 870
97,832
80, 752
2,084
1, 839
2,680
2,338
1,677
3, 242
14, 949
17, 327
14, 088
26, 712
14. 951
13, 901
4,656
2,295
4, 529
4,016
5,2C6
3,353
13,442
14,956
11,387
13,397
16, 022
11, 745
19, 537
24,804
24, 884
23,763
25, 638
21, 639
686,845 1,216,289 1,446,084 1.286,840 1,190,137 1,180,515 1,186,502
365,186 359, 364 385, 988 330, 280 293,184 302, 445 280, 365
124, 797 120,818 102, 952
90, 873 121,281
99, 342
142, 095 157,179 128, SCO 126, 793 131,315 101,058
11,067
13,391
11,942
18,415
17, 545
15, 282
13, 983
33, 651
21,234
22, 810
24, 449
21,652
13,011
7,745
13, €52
18,179
11,980
11,088
51,015
33,010
27, 579
39, 581
33,102
24, 815
22, 275
13,435
14,479
18,040
15,359
13, 541
355,
526
288,696
372,
210
322,061
297,417
354, 837
278, 503
901, 407
649, 672
88, 276
88, 646
1,926
13, 690
3,836
17,133
23,211
895, 465
333, 973
98,492
146,420
11,461
33. 282
10, 004
37, 896
18,627
353, 215
881. (.38
6f 8, 887
86, 9f 0
71,460
1,723
11,321
3, 869
12. 432
19,215
872, 762
323, 783
96, 003
135,010
10, 504
24, 277
12,611
33,105
20,871
329. 697
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
C o m m o d i t y and Passenger
Unadjusted indexes:*
231
222
226
232
226
225
225
229
213
'223
'222
Combined index, all typesf1935-39=100..
228
233
237
234
241
238
236
231
217
'228
'215
Excluding local transit lioesf
do
206
212
212
208
216
214
211
195
216
209
' 196
Commodity f
do
276
272
288
287
286
260
272
270
272
' 269
264
Passengerf
do
389
418
426
424
373
379
383
4C9
378
' 366
354
Excluding local transit lines
do
By types of transportation:
£94
544
613
679
488
670
674
647
696
'685
659
Air, combined index
do
731
662
791
797
884
917
806
874
910
'981
919
Commodity
„___
do
373
421
464
492
529
542
556
522
475
489
487
Passenger
do
Intercity motor bus and truck, combined index
235
226
241
235
220
223
236
236
216
228
224
1935-39=100..
199
202
209
191
211
216
223
226
203
218
213
For-hire truck
_
_do
321
338
339
275
2£0
292
276
303
283
262
Motor bus
do
257
181
ISO
181
172
172
179
183
184
185
188
Local transit linesf
do
189
249
r 271
246
244
239
250
260
261
'276
Oil and gas pipe linesf
do
'296
'271
248
252
254
251
256
248
241
229
'
2
41
250
Railroads, combined index...
do
225
227
223
223
229
229
204
225
226
Commodity
do
' 218
'218
203
441
428
465
467
461
414
424
Passenger
do
417
447
'412
395
62
83
84
83
88
87
87
72
46
Waterborne (domestic), commodityf
do
51
'48
Adjusted indexes:*
229
228
224
225
223
228
222
223
216
'229
Combined index, all typest
do
218
237
235
235
232
230
228
229
221
'228
Excluding local transit linesf
-_.do
' 235
223
214
211
212
208
211
200
206
206
206
Commodity
do
'215
203
279
281
281
272
276
279
267
277
277
'274
Passengerf
-do
267
4C0
405
394
401
384
389
391
394
373
Excluding local transit lines
do
'382
363
By type of transportation:
576
483
646
599
537
687
696
679
650
'707
Air, combined index
do
695
731
791
884
797
874
£06
910
917
'981
Commodity
do
919
662
409
434
489
549
469
539
502
Passenger
do
528
526
547
365
Intercity motor bus and truck, combined index
221
229
229
231
225
234
219
226
228
1935-39=100..
238
237
195
203
2C6
207
211
206
For-hire truck
_
.do
218
203
209
224
224
301
SC6
308
300
288
290
286
Motor bus
-..do
271
277
300 I
2X4
»Revised.
t See note marked "*".
• 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 data
beginning 1940 for the series marked "f", as published in the Survey prior to the December 1943 issue; revisions are available on request). See p. 22 of the February 1945 Survey for
annual totals on lend-lease exports for 1941-44; monthly data prior to December 1943 will be shown later.
X For revised data for 1941 and 1942, see p. 22, table 4, of the June 1944 Survey.
§ Revised security regulations now permit publication on a 2-month delayed basis of many of the foreign trades series which have been suspended during the war period; publication
of totals for the selected Latin American countries formerly shown in the Survey and for Canada and New Mexico was resumed beginning in the August 1944 issue and other series
Arill be included later.
SURVEY OF CURRENT BUSINESS
June 1945
1945
Unless otherwise stated, statistics t h r o u g h 1941
a n d descriptive notes 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
S-21.
1945
1944
April
May
April
July
June
August
September
Octo- November
ber
December
January
February
March
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
I
I
Commodity a n d Passenger—Continued
Adjusted indexes*—Continued.
By type of transportation—Continued.
Local transit lines
1935-39=100..
Oil and gas pipe lines,-.
do
Railroads
do
Commodity
do
Passenger
...do
Waterborne (domestic), commodity
..-do..-.
Express Operations
Operating revenue
Operating income
Local T r a n s i t Lines
Fares, average, cash rate
Passengers carriedf
Oiterating revenuesf
thous. of dol..
_do
178
241
256
229
460
65
179
244
258
232
451
67
182
257
253
228
447
65
180
256
249
225
434
63
179
260
247
225
421
68
181
269
241
216
434
70
182
265
242
217
433
71
184
'269
239
213
439
73
180
268
232
208
416
69
188
271
229
207
396
77
185
'281
'246
223
'423
189
273
251
232
399
75
19, 888
73
20,783
20,613
20, 222
20,838
21,692
78
75
74
75
22,092
123
22,826
75
26, 953
93
23,183
71
23,253
76
23,831
79
7.8143
7.8143
7. 8143 7. 8143 7. 8198 7. 8198
7. 8115 7.8115 7.8115 7.8115 7.8115
cents.. 7.8115 7.8004
thousands.. ,588,850 ,553,130 1,608,130 1,558,280 1,526,710 1,527,760 1,527,520 1,616,870 1,567,130 1,634,230 1,648,350 1,517,610 1,704,580
thous. of dol..
112, 700 116, 600 113,100 111, 700 111, 300 111,200 117, 100 113, 600 122,100 117,500 107,900 119,400
Class I S t e a m Railways
Freight, carloadings (Fed. Reserve indexes):
Combined index, unadjusted
__.1935-39=100-.
Coal...
do
Coke
_.
.__
do....
Forest products
__
.do
Grains and grain products
do
Livestock
.do
Merchandise, 1. c. 1
do
Ore
_
.do
Miscellaneous
do___
Combined index, adjusted!
do...
Coalf
do...
Cokef
do...
Forest products
.do...
Grains and grain products!
do__.
Livestockf
_
_.do
Merchandise, 1. c. 1
.do...
Orel
_do._.
Miscellaneous!
_
___
do
Freight carloadings (A. A. R.)."1
Total cars
..thousands.
Coal
do...
Coke
do...
Forest products
do...
Grains and grain products
_
do...
Livestock
do...
Merchandise, 1. c. 1
do
Ore
do...
Miscellaneous
do...
Freight-car surplus and shortage, daily average:•
Car surplus
thousands.
Car shortage
__
_
do___
Financial operations:
Operating revenues, total
thous. of dol.
Freight
do...
Passenger
do_..
Operating
do
O
p e r a g eexpenses
pe
T
j i t facility
f i l i t and
d equip,
i rents
t
Taxes,
joint
dd o . . .
Net railway operating income
_-do..Net in comet- do...
Operating results:
Freight carried 1 mile
..mil. of tons.
Revenue per ton-mile.
-Cents.
Passengers carried 1 mile
.millions.
Financial operations, adjusted:!
Operating revenues, total
mil. of dol.
Freight
do_._
Passenger
.do...
Railway expenses
do...
Net railway operating income
do.._
Net income. _
do
139
126
176
133
141
111
71
203
151
141
126
180
133
160
124
71
210
153
135
141
186
141
108
107
68
168
144
138
141
190
141
123
120
67
195
146
141
147
188
146
113
106
67
281
145
138
147
190
140
128
118
67
195
144
144
148
191
154
137
100
66
291
147
139
148
194
148
135
124
67
187
143
147
143
188
157
172
102
66
302
151
143
143
194
156
144
124
66
189
150
146
146
178
162
141
115
68
281
151
142
146
185
155
131
121
68
188
149
150
147
181
148
142
151
70
276
158
139
147
182
137
126
114
67
184
146
148
143
178
140
147
184
69
237
156
137
143
182
133
147
120
66
153
143
144
143
181
135
147
170
70
138
155
141
143
181
138
150
135
68
153
149
128
127
175
120
126
124
65
41
142
137
127
166
135
134
128
68
133
151
132
141
185
128
128
115
63
40
143
143
141
176
142
128
120
66
161
157
130
139
188
128
117
97
64
42
142
139
139
178
133
119
121
66
168
152
136
137
192
134
124
102
68
63
151
145
139
190
134
134
129
67
218
159
3,374
613
56
164
200
62
451
228
1,600
' 3, 276
-•678
'59
3,446
3,445
4,361
3,580
4,428
711
59
181
160
60
422
318
710
60
183
180
55
410
328
838
72
236
295
69
505
412
710
57
203
203
64
427
324
862
69
222
241
100
534
379
r 1,526
1,534
1,520
1,934
1,593
2,022
3,599
695
57
173
208
104
435
272
1,654
3,366
665
56
163
204
93
424
176
1,585
3, 699
- 755
67
181
219
88
499
58
1,833
3,002
661
56
150
176
63
383
45
1,467
3,050
671
59
160
167
54
395
46
1,499
4,019
828
76
207
218
72
536
88
1,994
13
15
23
24
1
26
1
17
2
12
3
10
4
8
6
14
3
14
13
16
10
19
759, 534
561,093
146, 562
509,004
'160, £60
' 89,671
48,033
804,056
600,069
150,076
526,767
178,783
98,505
59,020
799, 475
585,128
159, 584
518, 467
181,187
99,822
61, 337
809, 038
593, 829
162,198
525,057
185, 348
98, 633
57, 362
836,183
617,348
162, 070
538,489
196, 329
101, 366
60, 346
799, 229
591,104
152,971
521,264
188,838
89,126
55,545
818,737
612,020
146,369
539,157
182,234
97, 346
59,822
11
5
780,672
585,432
140, 288
524,450
164,644
91,579
63,506
756,858
555,810
146, 412
555, 775
131,499
69, 584
41, 474
751,337
558,874
139,243
530,232
148, 089
73, 016
39,048
712.806
536,821
125,857
499.643
140,000
73,163
37,378
813,328
623,184
133,630
544,810
168,633
99,885
62,931
64,450
.931
7,973
68,376
.934
7,979
65,695
.948
8,405
66, 754
.950
8,706
68,454
.958
8,598
65,065
.967
8,067
67,679
.659
7,790
63,203
.983
7,468
61,107
.971
7,908
60,681
.984
7,372
58,954
.968
6,694
68,315
.968
7,048
780.1
574.0
152.1
688.7
91.4
53.9
778.8
573.3
152.2
687.7
91.2
52.6
808.8
599.8
153.7
700.7
108.1
70.6
803.5
601.5
149.2
705.9
97.6
59.0
781.3
579.5
145.0
710.3
71.0
29.7
789.9
581.4
154.0
709.8
80.1
40.1
791.2
584.7
150.0
709.5
81.7
43.3
788.5
587.2
147.1
697.2
91.3
53.5
780.3
586.2
144.1
711.3
69.0
29.8
766.4
566.9
145.3
673.2
93.2
59.5
781.2
584.6
139.5
678.3
102.9
'67.7
796.3
602.8
135.1
698.4
97.9
62.8
778,985
594,314
129,202
531,689
155,392
91, 905
r 175
' 152
'60
••428
Mf6
0)
Travel
Operations on scheduled air lines:
13,942 13, 651 14, 290 12,985 16,132
11,236
12, 770
13, 555
13,570
14, 596
11, 674
9,902
Miles
flown...
thous. of miles.
6,449
6,202
6,813
8,627
6,850
4,323
4,536
5,331
5,756
6,730
6,149
6,763
Express carried
thous. of 1b.
414,992 430, 233 401,563 532, 286
455,726
Passengers carried
number318,560 369,649 389,017 441, 712 476,808 464, 536 497,664
155, 412 181,038 193, 289 211, 704 227,351 225,472 239,022 217,338 204, 513 209, 239 190,120 251,103
Passenger-miles flown
thous. of miles.
Hotels:
3.96
3.92
4.16
4.07
3.85
3.84
3.77
4.04
3.69
3.89
3.97
4.09
4.17
Average sale per occupied room—
dollars..
83
88
82
89
89
88
90
88
90
90
88
89
88
Rooms occupied
percent of total..
174
192
169
178
193
214
174
194
194
'167
198
190
184
Restaurant sales index
-1929=100_.
Foreign travel:
15,523
14,814
9,952
16,297
12,206
12,820 13,169
16,611
15,136
11, 710 16,498
10,205
TJ. S. citizens, arrivals
_
number.
8,101
7,652
7,016
7,803
8,408
U. S. citizens, departures
..do..
5,253
6,749
7,925
8,283
8,221
8,307
8,091
490
458
455
557
429
844
735
487
619
458
716
314
Emigrants
do...
2,794
3,402
2,703
3,156
2,751
2,370
2,209
2,391
2,499
3,199
3,261
3,246
Immigrants
do._
10,302 13,111
13,434 14,819 13,883
2,309
8,396
10,195
15, 855
10, 094
12,163
7,218
10,694
Passports issuedd"
..do_.
r
t Revised data for March 1944, 55,170.
* Deficit.
cf Includes passports to American seamen.
Revised.
* Less than 500.
IData for April, July, September, and December 1944 and March 1945 are for 5 weeks; other months, 4 weeks.
tThe indicated seasonally adjusted series for freight carloadings have been shown on a revised basis beginning in the October 1943 Survey, and for financial operations of railroads
bednning in the Jure 1944 is?re (see those issues for periods affected); all revisions are available on request. Begirning in April 1944 Survey, revenue data for lcral transit lines cover
all common carrier bus lines except )ong-distance interstate motor carriers; similarly, data for passengers carried, beginning in the May 1945 issue, represent estimated total revenue
passengers carried by all local transit lines; revised data beginning 1936 for both series will be published later.
last
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
Febru- March
ary
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Travel—Continued
l park
Pullman Co.:
Revenue passenger-miles
Passenger revenues.
42, 912
thousands.
thous. of dol.
35,809
50,990
90, 304 192, 694 174, 076 114, 622
69,816
34, 705
21, 230
20, 075
22, 893
2,475,173 2,301,964 2,344,949 2,321,047 2,339,036 2,406,237 2,414,808 2,249,627 2,240,875 2,282,407 2,015,316
13, 247 13, 403 13, 672 12, 790 12,909
12, 992 13, 291 12,893
13, 445 11,695
13,381
COMMUNICATIONS
Telephone carriers:^
Operating revenues
_
thous. of dol_.
Station revenues
do
Tolls, message.
do
Operating expenses
do
Net operating income
do
Phones in service, end of month
thousands..
Telegraph and cable carriers:§
Operating revenues, total
thous. of doL.
Telegraph carriers, total
do
Western Union Telegraph Co., revenues from
cable operations
thoas. of dol..
Cable carriers
do
Operating expenses
.do
Net operating revenues...
...do
Net income trans, to earned surplus
do
Radiotelegraph carriers, operating revenues
.do
158,691
87,847
58,578
101,615
19,400
24,085
162,260 161,297 159, 385 164,169 161, 352 166,857 165,244 171,044 174,063 166,039
88, 741 88,473 86,430 87, 709 87, 654 90,405 89, 916 91,088 93,140 90, 204
61,054 60, 313 60, 313 63, 852 60,920 63,110 62,179 66,396 67, 455 62, 402
104,584 103,399 105,021 105, 617 104. 973 105, 485 105,081 117,036 107, 271 103, 866
19, 427 19, 371 18, 964 19, 972 19, 356 20, 663 19,987 23, 348 20, 785 21, 147
24,183 24, 231 24, 264 24, 303 24, 340 24, 382 24, 515 24, 580
24,147 24,161
16, 764
15,350
17, 543
16, 016
17,072
15,654
16,429
15, 091
17, 202
15,805
16, 515
15,163
16, 943
i5,668
16,218
14,876
17,767
16,190
17,120
15, 651
15,146
13, 902
1,036
1,414
12,515
2,413
769
1,201
1,028
1,527
13,544
2,097
733
1,346
951
1,418
13,079
1,913
699
1,376
1,337
13,407
965
530
1,386
1.397
13, 365
1,940
830
1,397
941
1,352
13, 093
1,515
714
1, 368
1,041
1,274
13,033
2,029
848
1,552
1,012
1,341
12,866
1,483
1,691
1,657
1,085
1, 577
13,104
2,438
1,363
1,766
964
1,469
12,917
2,265
1,014
1, 675
878
1, 244
11,842
1,445
585
1,692
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS*
Ammonia, synthetic anhydrous (100% s)
Production
_
short tons..
Stocks, end of month.
do
Calcium carbide (100% CaC2):
Production
_
do
Stocks, end of month
do
Carbon dioxide, liquid, gas, and solid (100% C02):O
Production
_
thous. of lb_.
Stocks, end of month
_
do
Chlorine:
Production
short tons..
Stocks, end of month
_
.do
Hydrochloric acid (100% HC1):
Production
_
do
Stocks, end of month
do
Hydrogen, production.
.mil. of cu. ft..
Nitric acid (100% HN0 8 ):
Production
short tons..
Stocks, end of month.
_
do
Oxygen, production
.mil. of cu. ft.
Phosphorie acid (50% HsPO^):
Production
.short tons..
Stocks, end of month
do
Soda ash, ammonia-soda process (98-100% Na2CO3):
Production, crude
.short tons..
Stocks,finishedlight and dense, end of month...do
Sodium hydroxide (100% NaOH):cf
Production
do
Stocks ,end of month
_
do
Sodium silicate: •
Production
short tons..
Stocks, end of month.
do
Sodium sulfate, Glauber's salt and crude salt cake:
Production
.short tons..
Stocks, end of month.
_
_do
Sulfur:
Production
long tons..
Stocks, end of month
do
Sulfuric acid (100% H3SO4):
Production
_
_..
short tons..
Stocks, end of month
do....
Acetic acid: t
Production.
thous. of lb__
Stocks, end of month
do
Acetic anhydride:
Production
.do
Stocks, end of month.
.do
Acetylene:
Production
.._
thous. of cu. ft..
Stocks, end of month..
do
A cetyl salicylic acid (aspirin):
Production.
_
thous. of lb__
Stocks, end of month
do
43,191
2,834
42, 308
3,766
40, 071
2,488
42, 927
3,614
44, 931
3,579
45,292
2,764
49,113
4,802
49, 721
5,064
50, 833
6,120
49, 863
7,409
44, 756
6,766
69, 324
29,605
67, 481
29, 707
63,043
29, 643
64,131
28, 484
65, 685
30, 043
62,591
31,078
67,807
31,706
65, 806
32, 705
63,713
30, 382
61, 759
28, 307
56, 729
25, 734
70,241
23, 488
83, 487
22, 570
86,676
15, 997
90, 060
11, 202
90,697
9,005
84,963
9,437
76,134
65, 225
9,397
58, 747
8,940
57, 716
9,066
58, 424
10, 688
103,478
5,875
106,835
7.942
109, 415
9,053
104,641
6,414
106, 657
6,028
104, 074
4,812
102,190
5,023
103,517
4,966
101,999
5,059
107,065
6,506
103.953
8,127
92,066
r 6,169
37, 597
2,984
29,607
3,133
2,061
31,451
2,575
2,068
31,170
2,533
1,879
32, 325
3,126
1,998
31,519
2,902
2,102
32,131
3,162
2,085
34,454
3,261
2,075
35,106
3, 590
2,114
34, 346
3, 751
2,086
35,155
3,004
2,071
33,671
3,110
1,944
40, 053
5,788
38,161
6,887
1,552
38, 968
7,047
1,556
39,275
6, 555
1,490
38, 974
6,795
1, 505
38, 471
6,189
1,582
39, 349
5, 905
1,568
41,955
5,795
1,551
42, 571
6,249
1,530
41, 328
7,380
1,497
40, 876
7,027
1,395
40, 067
6,825
1,346
59, 502
13, 985
58, 754
12,885
60, 526
14, 647
56, 743
15, 636
58, 529
15,067
52, 255
14, 438
52, 039
14, 360
52,487
12,892
54, 626
11,684
58, 237
12,973
51, 264
13, 378
378, 385
49, 794
385,085
34,049
393,823
32, 209
371, 754
35, 959
373, 921
41, 737
368, 833
36, 445
365, 362
38, 260
379, 472
37,113
374, 453
39, 725
368, 588
58,161
365,718
76, 658
331,952
161,461
50, 037
157,089
50,477
158, 286
46,869
152,106
45, 713
159,403
50, 646
156,663
51, 761
152,147
49, 821
153, 929 155, 219
1 59, 226 1 57, 479
166,029
1
63,932
161,100
1 64, 204
146,255
1 63, 799
77,698
70,418
77,421
66,625
79, 800
63,629
83, 976
68, 526
79, 931
65,185
77, 693
67,490
87, 283
64,336
86, 665
58,649
72, 960
45, 581
4,301
1
834,152
230, 858
67,838
78,905
68,109
83, 735
r
51, 328
14, 285
93, 748
271,903
1,244,827
278,751 280,545 305,064 306,146 293,963 312,060 293,551 280,580 275, 722 260,677
4,200,031 4,168,394 4,154,349 4,161,012 4,140,976 4,110,395 4,089,622 4,100,320 4,034,453 3,996,432
743,807
287,962
765,922
266, 448
722,000
232, 213
742, 526
218,811
767,413
202, 785
744, 944
204, 393
814,871
213, 457
820,958
216, 230
853, 254
253,479
27,920
10,324
28,663
10,731
26, 303
9,156
25, 254
7,621
26, 531
7,594
25, 331
8,513
27, 572
9,281
29.999
11,235
27,941
9,113
29, 526
12,410
24, 708
10, 061
41,963
11,534
41,648
12, 026
40,048
10,867
39,113
9,958
41,361
11, 746
40, 838
12, 295
42,084
12,083
42, 327
12, 380
43,900
12,108
44, 833
10,977
41, 732
12,146
469, 490
13,170
463,200
11, 790
452,465
10,955
456, 347
11, 323
453, 640
11, 386
438,829
11, 397
482, 408
11,615
450,165
450,991
9,910
453, 005
9,488
453, 591
8,907
676
596
819
961
744
1,012
691
972
738
916
786
929
834
819
774
910
887
1,114
816
853,930 '•806,081
262, 681 265, 002
r Revised.
* Not comparable with earlier data, see note marked "cp." ©Revised; not compar?ble with data shown in the Survey prior to the March 1945 issue.
^Production figures represent total production of liquid material, including quantities evaporated to solid caustic. Stock figures represent stocks of liquid sodium hydroxide
only prior to October 1944 (comparable figure for October, 46,839); beginning that month they include stocks of both liquid and solid sodium hydroxide.
• Data are being revised: the new data will be shown in a later issue.
§ Beginning 1943 data have been compiled on the basis of a new accounting system; available comparaDle data for 1942 are shown in footnotes in the September 1943 to Arpil
1944 Surveys; 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 to date are excluded to have all figures cover the same companies.
* The new monthly series for sulfur are compiled by the Bureau of Mines and cover total production and producers' stocks of native sulfur (Texas and Louisiana have been the
only producing States since 1942 and the production figures are therefore comparable with the quarterly figures formerly sbown). The new series for acetic acid, acetic anhydride,
acetyl salicylic acid, creosote oil, cresylic acid, ethyl acetate, naphthalene and phthalic anhydride are compiled by the Tariff Commission; the other new chemical series are compiled
by the Bureau of the Census. The monthly data for a number of the chemicals are reported quarterly only. See also note marked "*" on p. S-22 of the November 1944 Survey.
t Includes synthetic acetic acid and acetic acid produced by direct process from wood and from calcium acetate; statistics of recovered acetic acid are confidential and are' not
included.
June 1945
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
April
S-23
1944
1945
April
May
June
July
1945
SepAugust tember
DecemOctober November
ber
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Creosote oil:*
Production
thous. of gaL.
Stocks, end of month
do
Cresylic acid, refined:*
Production
thous. of lb_.
Stocks, end of month
-.do
Ethyl acetate (85%):*
Production
do
Stocks, end of month
do
Glycerin, refined (100% basis):*
High gravity and yellow distilled:
Consumption
do
Production
do
Stocks, end of month
do
Chemically pure:
Consumption
do
Production
do
Stocks, end of month
do
Methanoi§:
Natural:
Production (crude, 80%)
thous. of gal..
Stocks (crude, 80%). end of month*
do
Synthetic (100%):
Production
do
Stocks, end of month*
_do
Naphthalene, refined (79° C and over) :*
Production
thous. of lb_.
Stocks, end of month
.do
Phthalic anhydride:*
Production
do
Stocks, end of month
do
Explosives, shipments.
_
do
Rosin, gum:
Price, wholesale " H " (Sav.) bulk
dol. per 100 lb__
Receipts, net, 3 ports
bbl. (500 lb.)_.
Stocks, 3 ports, end of month.™
do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)f
dol. per gal...
Receipts, net, 3 ports
.._
bbl. (50 gal.)..
Stocks, 3 ports, end of month
do
14,432
28,478
3,343
2,155
13,999
28,307
13, 726
26, 361
11, 762
24,043
12,443
18,880
11, 055
13,584
I4,C81
12, 696
13,484
10,931
14, 234
10,712
12, 573
9,695
13,515
11,395
16, 032
11, 529
3,782
2,016
3.257
2,230
3, 553
5,859
3,432
2,720
3,369
2,242
3,424
2,023
3,279
1,905
3,077
1,694
2,676
1,472
2,735
1,512
2, 574
1,255
7,676
5,323
8,214
5,397
8,772
6,571
7,771
6,135
9,074
6,766
7,767
5,222
9, 683
5,721
10,266
4,873
9,852
6,241
9,027
6,873
9,145
7,034
9,244
5, 536
7,479
8,789
31,894
6,079
7,636
37,948
5,861
7,694
38,475
7,452
38, 588
6,240
6,713
37, 590
7,611
8,730
38,517
6,814
8,745
6,792
9,262
39, 443
6,236
10, 834
40, 515
5,982
7,587
39,348
7,214
8,719
36, 053
7,373
9, 694
34, 336
6,884
6, 576
30,132
6,723
8,015
44, 243
6,922
8,281
44, 549
6,579
7,173
44,497
6,375
5,501
42,411
7,085
9,823
42,874
7,470
7,785
40,026
8,815
8,779
37,423
9,084
7,684
36,605
7,548
8.800
37, 237
6,497
7,774
38,005
7,712
8,008
36,089
7,048
7,077
34,179
7,470
8,249
32, 725
293
446
341
310
364
312
341
331
315
286
319
240
382
264
361
260
350
272
6,320
7,128
6,694
6,768
6,563
6,834
5,838
5,496
4,849
2,344
334
201
5,435
1,926
5,671
1,851
5,851
2,382
279
287
5 827
3,743
6,791
C)
7,579
2,604
7,077
1,786
7,295
1,357
6,351
1,454
6,123
1,972
5,979
1,815
5,907
1,462
6,363
2,388
6,394
2,535
317
278
6,455
3,166
6,217
2,091
5,381
2,099
5,356
1,767
5, 746
1,476
10,608
1,780
35,461
10,714
2,404
38,158
9,664
2,909
38, 564
10, 644
2,954
37,645
10,600
3,244
39,916
10,611
3,154
38,921
10,792
3,782
38,042
10,426
2,835
36,276
10,779
1,749
32,863
10, 320
1,512
34,124
9,531
1,655
34, 543
11,375
2,015
34,865
4.68
6,151
79,813
4.92
7,919
78,313
5.62
10, 326
61,165
5.52
9,876
57,190
5.48
10,406
53, 202
5.49
9,345
48,609
5.71
7,881
43, 512
5.81
7,755
36,657
5.81
6,346
31,900
5.81
4,194
25,876
5.81
2,159
18, 250
5.81
4,400
11,741
.77
2,052
83, 597
.77
7,211
85, 536
.78
4,147
82,867
3,696
76,973
.79
3,745
77,131
.79
2,798
68,675
.79
2,324
68, 222
.79
2,236
67, 320
.79
1,929
66,759
.79
1,369
65,195
.81
357
61,467
505
50, 762
373
131
90
138
285
246
474
1,189
1,076
1,332
1.650
56,140
1.650
37,398
1.650
81, 359
1.650
65, 743
1.650
71,981
1.650
67, 511
1. 650
61, 296
1.650
70,630
1.650
79,916
1.650
1.650
1.650
617,144 685,990
776, 990 839,121
620,957
872,025
6, 378
36,117
5.81
FERTILIZERS
Consumption, Southern States
thous. of short tons.._
Price, wholesale, nitrate of soda, crude, f. o. b. cars, port
warehouses •
-dol. per 100 lb._
Potash deliveries
short tons
Superphosphate (bulk):t
Production
_
do__.
Stocks, end of month
do...
1.650
567, 891 601,487
874, 797 861,334
529,229 604,519 604,673 599,861 676, 507 • 638, 009 642, 796
870,437 875, 992 879, 452 887,921 936, 431 934,482 865, 469
OILS, FATS AND BYPRODUCTS
Animal, including fish oil:
Animal fats:|
131,019 122,161 129,998 113, 703 107, 053 150, 650 139, 595 152,060 137,546 118, 906 135, 755 135,378 136, 391
Consumption, factory
thous. of lb
182,786 323,984 349,799 308,435 263,085 254,417 193,700 204, 820 268,802 259,130 243, 439 205,830 194,041
Production
do__
298, 433 799,371 867,192 903, 454 876,121 810, 479 697,159 598,309 542,129 533, 508 467,490 390, 736 332,341
Stocks, end of month
do..
Greasesrj
60,438
58,034 57,439
Consumption, factory
do_.
60, 961 63,343
71, 685 60, 440 63,987 65,462
59,598 73,179
62,854
60, 263
57,073
63,383
59,138 52,164 52, 293 43, 921 45. 240 52, 410 49,777
Production
do._
45,068
50,275 45, 425 47, 361
Stocks, end of month
do_.
85, 590 185,940 154,656 168,949 185,421 167, 454 159,946 147,824 136,001 123,245 111, 169 99, 249 92,733
Fish oils:*
15,894
16, 371 15,896 16,282
Consumption, factory
do._
23,427
18,981
24, 700 28,886
16,976
30,539
31,347 33,458
39,885
705
1,615
Production
do..
12,928 23, 622 24,857 32, 688 52,995 25,843
766
14,696
7,293
1,791
579
196, 646 222, 733 236, 552 228, 228 214, 442 183, 062 151,751
Stocks, end of month...
do..
129,020 170,213 160, 227 156,067 169, 906
Vegetable oils, total:*
310
314
237
271
287
345
341
378
Consumption, crude, factory
mill, of lb
371
370
376
304
273
311
413
308
270
361
Production, crude
do..
371
377
412
358
Stocks, end of month:
952
857
845
791
780
779
784
787
812
Crude
do._
815
833
807
533
527
493
316
305
447
427
359
294
353
Refined-.
do..
397
411
444
Coconut or copra oil:
Consumption, factory:J
17,383
17,148
13,633
13, 256 19,064 15,613
15, 794 15, 253 14, 276 14, 537 12, 566 14,074
Crude
thous. of lb__ 13,487
7,523
6,123
5,164
5,369
6,712
6,654
5, 358
6,268
6,506
5,827
8,756
Refined
do
5,681
5,826
Production:
9,461
13, 470 17, 652
8,267
12,847
8,392
11.807
13,032
18,720 14, 080 17,161
0)
Crude!
do
0)
4,755
6,960
5,830
5,334
5,953
5,065
6,451
6,740
6,008
5,676
8,394
Refined
do
5,348
5,603
Stocks, end of monthX
111,749 116,996 114,099 119, 269 113,050 100, 013 103, 297 101. 275 94,152 98,412 102, 496 109,625 116, 708
Crude
do
3,392
3,530
3,366
3,536
3,293
2,457
2,714
2,996
2,640
Refined
...do
2,372
2,307
2,455
2,278
Cottonseed:
- 134
55
186
615
266
74
354
100
523
Consumption (crush)
thous. of short tons_.
528
576
436
376
25
34
62
'26
34
163
908
934
Receipts at mills
do
1,321
361
244
156
105
179
119
140
Stocks at mills, end of month
_
do
592
••287
182
735
1,534
1,852
1,676
1,345
1,067
796
r
i Included in "total vegetable oils" but not available for publication separately.
"Not available for publication.
Revised.
§See note on item in November
1944 Survey.
• Price of crude sodium nitrate in 100-pound bags, f. 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 " • " o n p.
S-23 of the May 1943 Survey. Prices are quoted per ton and have been converted to price per bag<
^Revisions in the 1941-43 data for the indicated series are available on request (coconut or copra oil production and stocks and linseed oil production were not revised for 1943)*
revisions are generally minor except for fish oils (1941 revisions for fish oils are in note on p. S-22 of the April 1943 Survey).
'
*New series; see note marked "*" on p. S-22 of the November 1944 Survey.
tRevised 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 TVA; the new series include all grades, normal, concentrated, and wet base, converted to a basis of 18 percent available phosphoric acid*
see note on p. S-23 of the July 1944 Survey regarding
-•—---«—*—^—^,o—ui^-u^
«
•r.__i_.J TJanuary ,1944:
« ^ . - r Production,
. _ - J . . . x . . . _ ^653,252;
^ - stocks,
. . . 978,937.
„_
ding dat
data prior
to September 1942 published *_
in *u«
the Survey.
Revised
NOTE FOR ,
1943: Productio
Digitized
for 85,146;
FRASER
July,'
Aug.', 79,122; Sept'., 94,241; Oct., 137,603; Nov., 146,197; Dec.', 138/753; 1944, Jan., 131,634.' Sparkling wines, 1943': Production— Aug., 84;;'Nov.',"l32;7Dec.,'il8-Tax-paid
withdrawals—July, 93; Aug., 96; Nov., 143; D e c , 177; stocks—July, 911; Nov., 816; Dec. 737.
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
June 1045
1944
April
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS,
FATS, AND BYPRODUCTS—Continued
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 (Minneapolis)..... dol. per bu_.
Production (crop estimate)
thous. of bu.
Linseed cake and meal:
Shipments from Minneapolisthous. of lb_.
Linseed oil:
Consumption, factoryt
...do
Price, wholesale (N. Y.)
...dol. perlb..
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 lb_Produetion:*
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 (Chi.).dol. per lb-_
33, 877
37, 741
122,842 ' 86, 679 62, 717
104,345 ' 59, 205 49,345
85,031 r 60, 735 43,436
127, 594 ' 92, 072 65,050
22, 548
40, 627
GO, 485 100, 092
15, 497 13, 728
91, 705
11, 482
104,163
25,213 f 44,334 158,014 239, 586 284, 201 244, 417
27, 776
30, 353 60, 523 69, 977 73,674
77,085
17, 964 29, 762 105, 402 159, 097 190, 543 164,171
30,186 29, 589 64, 957 94, 089 125,483 139,528
75, 746 85, 291 73,598 95, 393 105, 766 83,502
10, 911 13, 755 19,629 24,116
23,318 22, 348
.143
.142
.140
.143
.143
.140
.143
93, 608 r 79, 210 66, 363 43, 871 25,138 30, 720 58,351
329, 848 354, 435 333,162 294,678 241, 270 183,448 164,802
285
306
274
48
195
1,950
121
805
1,266
207
567
905
329
207
386
807
129
1,610
614
123
884
1,625
1,874
3.10
4,122
8,825
3.05
26, 880
47,160
44,906
41,516
.151
. 155
32, 742 79,182
29,460
17,040
209, 636 361,382
.143
111,825
182,570
.143
146,507
220,122
264, 559 201, 767
84, 326 94, 327
179, 201 137, 246
159, 993 157,802
105, 361 104, 081
26, 331 24,448
.143
.143
. 143
145,640 150,878 131.046
270, 767 313, 968 324, 250
143
271
606
249
805
572
496
1,393
444
1,443
584
1.311
715
65
343
436
13
22
371
(„)
13
358
152
646
944
147
551
2,540
494
582
4,409
533
1,047
3,519
290
2,651
254
443
53
2,494
137
87
1,871
57
1,324
3,870
9,150
3.05
4,496
7,076
3.05
5,123
5,964
3.05
4,540
5,541
3.10
3,661
6,295
3.10
3,327
7,456
3.10
2,842
7,645
3.11
2,364
6,825
3.12
1 23,527
2, 306
4,800
3.12
2,192
2,770
3.11
47, 880
54,120
45, 600
44,640
44, 640
42,000
39, 240
30, 540
28, 440
17, 760
49, 575 48, 952 45,566 51, 379 49,447
.151
.151
.151
.151
.151
74,137 87, 729 98, 645 87, 783 70,192
24, 360 29, 400 39, 960 45,180
34.800
308,077 335, 902 320, 267 322,952 310,686
49, 431 47, 585 47, 548 45,180
37, 401
.153
.155
.155
. 155
.155
63, 370 54, 273 44,126
43, 291 42. 489
29, 640 24, 960 22, 500 20, 340 16, 260
303,378 274,832 263, 917 252, 366 239, 754
13,716
13, 227
12, 506
11,082
11,153
11,261
9,399
9,043
11,713
31,251
30,958
27, 429
23, 712
19, 250
11,260
5, 214
31, 748
48, 785
11,097
192, 863
47,429
47, 765
37, 309
79, 916
81,435
93, 620
86, 525
72, 852
97,856
90,827
89,277
89,259
73,917
78, 256
81,840
118,606 112, 857 107,944
107, 369 98,822 107, 265
96, 298.
95, 050
96, 379 97, 220 82,862
88,179 108,807 91,561
88, 875 151,091 144, 287 129, 373 134, 000 106,858 91, 502
70, 663 129, 077 138, 226 140, 714 131,117 126,923 105, 252
79,449
86,197
101,189
82, 572
78, 007 81,882
72,845
51,068
35,157 '31,846 r 26, 998
28,121
34,353
48, 773
56, 496
53, 830
.165
.165
.165
.165
-44, 855 r 44,480 r 40, 191
123, 652 103,164 112,569 100,089
59, 755
65,361
43, 301 61,477
.165
.165
.165
.165
.165
34, 720
.165
37, 665
.165
51, 083
.165
57,182
.165
55, 272
93, 745 130, 292 117,841
63, 921 62,331
56,802
.165
.165
.165
122,189
50,485
.165
12, 717
13, 709
111,098
m
91, 791 119,997
104,199
71,267 77,807
86, 647
47, 592 48,229
49, 607
52,407
59, 430 51,048
.165
.165
.165
52,424 59, 330 51, 752
95,856
86,104
133,026- 111,349
47, 627 43,108
.165
.165
132,186 131. 872
48, 688 50, 346
.165
.165
PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
thous.
Plastic paints
Cold-water paints:
In dry form
In paste form for interior use
Paint, varnish, lacquer, and fillers, total
Classified, total
Industrial
Trade
Unclassified.
of doL.
do
do
do
do
do
do
do
do
58 372
52! 369
26, 007
26, 362
6,003
104
42
119
48
124
37
43
98
38
95
41
85
44
93
39
72
32
196
502
51,064
46,146
20,858
25,288
4,918
590
57,264
51,630
22,497
29,133
5,634
252
538
58, 970
52,964
23, 617
29, 348
6,006
216
398
51, 704
46,878
21, 305
25,573
4,825
215
459
58, 712
52, 935
24,945
27, 9S0
5,777
196
378
52,110
46, 741
21,661
25,080
5, 369
174
329
53,571
48,071
23,601
24,471
5,500
137
311
48,152
43, 365
21,378
21,987
4,787
98
376
43,992
39, 774
20, 276
19,498
4,218
90
38
126
372
53, 660 • 51,488
48, 262 ' 46, 505
23, 058 ' 22, 430
25, 204 " 24,075
4,983
5,398
I
ELECTRIC POWER AND GAS
ELECTRIC POWER
r
19, 573 r 18, 516 •• 19, 027 r18,947 • 19, 602 20, 280
18, 021
Production, totaled
mil. of kw.-hr.. 18, 631 '18,413 ' 18,873 r 18, 595 • 18,792
By source:
12,108
11, 607 '11,124 r 11,614 ' 12, 305 •12,813 r r 13, 803 ' 13,124 ' r13, 263 «•r 13, 256 • 13, 402 13, 822
Fuel
_
-do
' 5, 392
5, 763
5, 770
5, 691
5,913
Water power
_.do
7, 024
' 7, 289 r 7, 259 r 6, 290 r 5, 980
' 6, 201 6, 457
By type of producer:
15,923 ' 15,751 r 16,153 '16,011 • 16,023 ' 16, 585 r 15, 823 ' r16, 320 ' 16, 258 • 16,801 17, 384
15, 569
Privately and municipally owned utilities
do
2, 707
«• 2, 689 ' 2, 802
' 2, 662 r 2, 720 ' 2, 584 ' 2, 769 ' 2, 988 «" 2, 693
2,895
2,452
2, 708
Other producers
-do
Sales to ultimate customers, total (Edison Electric
16, 675
16, 260
16, 460
16, 500
16,944
17,630
16, 800
16, 390 16, 253 16, 251 16, 066
Institute)}
mil. of kw.-hr..
2,402
2,483
2,547
2,685
2,472
2,403
2,422
2,896
3,172
3,052
2,592
Residential or domestic
do
432
304
358
373
242
269
371
224
207
Rural (distinct rural rates)
...do
256
218
Commercial and industrial:
2,454
2, 520
2,527
2,474
2,502
2,349
2,547
2,414
2,642
2,708
2,642
Small light and power}
do
9,910
9,504
9,641
9,535
9,559
9,659
9,487
9,481
9,526
9,754
9,315
Large light and power}.
_.-do
160
174
149
193
145
155
207
16?
220
219
192
Street and highway lighting}
do
642
624
595
656
723
614
790
664
721
701
696
Other public authorities }-.
.do
569
553
566
593
584
562
751
641
604
608
708
Railways and railroads}
do
39
36
39
37
43
41
98
39
41
60
78
Interdepartmental}.-do
Revenue from sales to ultimate customers (Edison
270,366 267,132 268,612 265,778 271,054 270,242 273,700 276,959 279, 633 295,187 287, 557
Electric Institute)
thous.of dol..
' Revised.
• Less than 500 bushels.
i December 1 estimate.
JSee note marked "*" on p. S-23.
}For revisions for the indicated series see note at bottom of p. S-23 of the May 1945 Survey.
§For July 1941-June 1942 revisions, see February 1943 Survey, p. S-23; revisions for July-December 1942 and June 1943-March 1944 are available on request.
d"For 1943 revisions for total electric power production see p. S-24 of the January 1945 issue; the revised 1944 figures above and 1945 data exclude a small amount generated by
electric railways and electrified steam railroads included in the 1944 figures and earlier data published in the Survey through the May 1945 issue (January-March 1944 revisions for the
.total—Jan., 19,727; Feb., 18,581; Mar., 19,543); January 1943-March 1944 revisions for the detail are available on request.
SURVEY OF CURRENT BUSINESS
June 1945
1944
1945
and descriptive notes may be found in
1942 Supplement to the Survey
the
April
S-25
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
ELECTRIC POWER AND GAS—Continued
GASf
Manufactured gas:
Customers, total
thousands..
Domestic.
do
House heating
do
Industrial and commercial
do
Sales to consumers, total
..mil. of cu. ft_.
Domestic
do
House heating
do
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
10,410
9,580
371
446
44,029
18,382
9,504
15,803
38,261
23, 322
5,979
8,736
10, 509
9,669
382
446
39, 705
17, 500
7,224
14, 687
36,273
23, 619
4,077
8,401
10, 500
9,678
366
445
35, 252
18,150
2,988
13,840
34,019
23, 755
2,230
7,886
10,564
9,754
351
447
32, C87
17,047
1,775
12, 958
31, 547
22, 667
1,384
7,359
10,614
9,801
353
448
31,386
16, 221
1,475
13, 460
30,901
21, 975
1,211
7,560
8,879
8,919
8,239
8,294
8,300
623
637
643
190, 334 173,635 156,407
58, 215 42,606 29,379
129,856 127,411 123,339
63, 332 52,645 44,119
36,188
27,548 20,809
26,846
24, 638 22,889
8,973
8,337
633
151,266
24, 689
123,147
41,430
18,154
22, 766
8,955
8,335
618
152,679
23,041
125, 560
40,030
16,627
22,950
10, 609
9,787
369
445
32, 580
17,406
1,472
13,442
32,067
1,361
7,668
10, 578
9,743
389
435
36, 430
18,531
3,350
14, 234
34, 998
24, 095
2,661
8,055
10,575
9,736
400
430
40,854
17,553
8,090
14,864
37,402
23,907
4,666
8,620
10,639
9,784
411
436
48,115
18,423
13,884
15. 389
41, 769
24, 527
7,968
9,043
9,162
9,189
9,043
9,003
8,478
8,503
8,397
8,377
682
684
643
624
184,211
216, 731
155, 666 179,007
23,924 30,094 43,897 69,889
128,162 145, 640 136,907 142,673
40, 779 46,605 56, 228 70, 520
16,953 21,038 28,573 40,373
23,403 25,153 27, 204 29, 602
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquonf
6, 782
Production
thous. of bbl_.
7,066
7,261
6,151
7,015
6,353
Tax-paid withdrawals
do
8,782
8,585
Stocks, end of month
do
9,037
Distilled spirits:
Apparent consumption for beverage purposes!
11, 532 12, 557
thous. of wine gaL.
752
733
1,138
Productioni
..thous. of tax gal..
7,182
6,050
8,080
Tax-paid withdrawals!
do
Stocks, end of month!
__ . . do . . 333,135 375, 402 368,411
Whisky:f
Production
do
0
0
0
5,365
4,477
Tax-paid withdrawals
do
4,536
Stocks, end of month
do
318, 927 361, 980 355,261
Rectified spirits and wines, production, totalf
5,620
6,011
9,194
thous. of proof gal..
5,212
4,578
Whisky..
._
do
8,051
Still wines :f
5,482
4,345
Production
thous. of wine gal..
6,936
Tax-paid withdrawals
do
7,701
Stocks, end of month
do
109,813 103,081
Sparkling wines:f
169
133
Production
_
do
120
106
Tax-paid withdrawals
...do
847
864
Stocks, end of month
do
6,174
5,701
8,429
6,295
5, 527
8.608
6,106
5,328
8,903
8,171
7,374
8,862
8,092
8,074
8,637
8,275
8,100
8,240
7,683
7,127
8,293
7,561
6,733
8,573
11.909
663
6,925
361,560
12,627
695
8,221
353,900
14,644
15,151
9,784
361,063
13, 749
3,775
9,778
353,845
16,064
9,241
10, 830
345, 511
16, 466 18, 990 16,031
13,875
15,120
2,606
5,206
28, 281
1,298
2,360
10, 925 11.116
11,615
8,166
8,406
337, 512 330, 970 350, 316 344, 514 338,733
0
4,956
348,646
0
5,930
341,137
13, 585
765
5,753
5,610
347, 868 340,971
0
6,113
333,144
0
6,335
324,453
0
5,789
317,404
5,991
5,044
6,695
6,054
8,181
7,195
8,815
7,306
10, 335
8,846
11,516
9,668
11, 568
9,600
4,481
7,054
94, 313
4,412
6,362
88,733
6,410
7,176
82, 780
41,074
6,640
92, 258
135,099
7,524
144, 310
170
86
936
134
85
985
140
122
996
97
120
961
84
132
904
6,697
6,228
8,505
6,798
6,289
8,863
25, 858
1,303
0
5,523
4,907
4,564
336,092 330, 599 324, 532
11, 728
9,579
9,362
7,719
9,322
8,038
56, 478 21, 222 11,154
7,168
7,840
7, 673
8,299
7,825
156,018 150, 263 142, 742 134,457
81
168
818
85
152
739
156
61
817
83
98
799
DAIRY PRODUCTS
Butter, creamery:
.423
.423
.423
.423
.423
.423
.423
.423
.423
.423
.423
.423
Price, wholesale, 92-score (N. Y.)X
dol. per lb..
.423
85, 897 87,993
Production (factory) f.
_
thous. of lb-. 122,355 130, 568 171,467 177,905 153, 722 130,547 113,354 100,332
99, 003 92, 372 109,623
90, 303 60, 767 38, 926 31, 062 ' 29,833
Stocks, cold storage, end of monthcf
do
45, 015 69, 276 69,663 103,164 138,050 137,907 140,276 123, 596
Cheese:
*
Price, wholesale, American Cheddars (Wisconsin)
.233
.233
.233
.233
233
.233
.233
.233
.233
.233
.233
.233
dol. per lb_
.233
63, 719 62, 529 67, 740 r 67,801 r 85, 250
91,477 81, 502
75, 781
Production, total (factory) f
...thous. of lb_- 102,480 88, 965 116,051 121,066 104,946
48, 795 47, 704 51,149
88,129
76, 002 65, 797
81,655
59, 672
51,778 r 65. 954
American whole milkf
do
68, 927 94,713 102,971
1
118,150 154,610 162, 733 203,785 223, 254 230, 332 186,268 164,690 151,414 144, 553 133, 773 127, 052 r106, 965
Stocks, cold storage, end of monthd
....do
American whole milk
do
108,403 125,097 137,244 167,173 190,804 187, 289 164, 615 148, 416 138, 647 131,379 124, 627 118, 087 98, 766
Condensed and evaporated milk:
Prices, wholesale, U. S. average:
6.33
6.33
6.33
6.33
6.33
6.33
Condensed (sweetened)
..dol. per case._
6.33
6.33
6.33
6.33
6.33
6.33
6.22
4.15
4.15
4.15
4.15
4.15
Evaporated (unsweetened)
do
4.15
4.15
4.15
4.15
4.15
4.15
4.15
4.15
Production:
Condensed (sweetened):
17, 998 22, 776 23, 948 27, 529 40,718
Bulk goods*
thous. of lb._ 54,835
46, 210
45,083 61,772
60,592
32,147 23,816
18,337
8,811
11, 250
Case goodsf
_..
do
16, 400
10, 475
9, 550
8,550
13,975
12, 600
11,650
9,660
13,990
16, 500
8,620
Evaporated (unsweetened), case goodsf
do
386, 750 313,837 412, 315 412, 500 358, 277 312,000 275,176 246, 652 212, 362
252, 000 255, 500 326, 500
229,488
Stocks, manufacturers', case goods, end of month:
7,125
15,023
12,811
9,584
7,404
6,725
12,968
10, 825
Condensed (sweetened)
thous. of lb._ 11,299
8,430
7,328
6, 559
7,951
Evaporated (unsweetened)
do
154,511 180, 640 241,012 307,697 321,083 291, 496 272,613 254, 721 190, 465 143, 308 131, 743 122, 546 107, 702
Fluid milk:
3.26
3.24
r 3. 24
3.25
3.25
3.26
Price, dealers', standard grade
dol. per 100 Re3.24
'3.24
3.24
3.26
' 3. 25
3.25
3.26
8,372
production
mil. of lb._ 10,842
11, 570
9,334
8,658
10, 322
9,022
10, 062
8,528
12, 498
8,892
11,908
10,240
2,957
5,132
Utilization in manufactured dairy products!-..do
3,045
3,865
4,390
3, 246 r 3, 984
4,586
5,956
3,473
3.380
4,399
5.750
r
Revised. cfSee note marked "d"" on p. S-27.
X Reflects all types of wholesale trading for cash or short-term credit. Base ceiling price comparable with data prior to January 1943 shown in the Survey is $0.4694 through June 3
and $0.41% effective June 4, 1943; these are maximum prices delivered market; sales in market proper are at permitted mark-ups over these prices.
^August and September 1944 and January and February 1945 production figures include whisky, rum, gin, and brandy (whisky and gin included for September 1944 and February 1945 represent completion of operations authorized during August 1944 and January 1945); the total production for beverage purposes in January, February, March, and April
1945, including additional spirits produced by registered distilleries and production by industrial alcohol plants for beverage purposes was 46,308,000, 7,746,000, 8,983,000 and
1,638,000 tax gallons, respectively, and in August, at least 50,000,000 tax gallons (see February 1945 Survey for detail for August). Production figures for other months represent rum
and brandy, the only spirits authorized for beverage purposes since October 1942 except during August 1944 and January 1945. Stock figures exclude data for high-proof and unfinished
spirits which are not available for publication. For revised 1941 data see p. S-24 of the February 1943 Survey.
tData for manufactured and natural gas have been revised beginning 1929 and are not strictly comparable with figures shown in the October 1944 and earlier issues; all revisions
are available on request. Revisions for consumption of distilled spirits for beverage purposes for January 1940-July 1943 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; scattered revisions in the
July 1943 to January 1944 data for fermented liquor, rectified spirits and wines, and still and sparkling wines are shown on p. S-23 of this issue. 1943 revisions for indicated dairy
products series are shown on p. 13 of the March 1945 issue: see note marked " t " on p. S-25 of the February 1945 Survey for sources of 1941-42 revisions, except for the series on utilization of fluid milk in manufactured dairy products which has been revised for 1920-42; these revisions are available on request.
* Revised data for 1943 are shown on p. 13 of the March 1945 issue; see note marked "*" on p. S-25 of the February 1945 Survey regarding earlier data.
S-26
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
April
June 1945
1944
1945
April
June
May
July
August
1945
September
October
Novem- December
ary
January
February
March
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS-Continued
Dried skim milk:
Price, wholesale, for human consumption, U. S.
average
dol. per lb_.
Production, totalt
thous. of lb_.
For human consumption!
-do
Stocks, manufacturers', end of month, total
do
For human consumption.._
_do
0.141
71, 350
69, 750
59, 985
58, 706
66, 482
0.144
*2,285
79, 735
75,492
72,810
0.144
69,850
67,450
79, 258
75, 844
0.142
53,100
51, 300
66, 527
63, 594
0. 144
42, 350
41,000
59, 342
56, 660
0.142
36,850
35, 775
49,892
47,373
0.138
30,850
30,000
39, 283
36,781
3.173
2,251
19, 713
463
908
21, 377
182
0
17, 547
862
0
12,730
993
261
11,216
4,830
8,437
7,739
12, 265
30,358
12, 959
8,316
34, 951
15, 395
130,906
116,930
129,494
214,460
246,472
298, 059
301, 590
291, 2C4
106,176
98, 910
114,455
138, 772
166, 355
178, 394
186,984
182,623
2.625
3.355
3.056
3.744
3.960
3.101
2.988
0.145
61, 650
60, 225
57. 046
56. 217
0.146
81,950
78, 775
0.139
37, 575
36, 800
39,801
37,873
0.141
43,475
42, 350
38,716
37, 342
0.139
44, 000
43,100
41,955
40, 970
5,428
25,377
19,818
4,529
18,670
20, 285
242, 253
217,048
145, 622
123,997
3.569
3.059
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
2,991
Shipments, carlot
no. of carloads..
5, 533
Stocks, cold storage, end of month
thous. of b u . .
19,313
Citrus fruits, carlot shipments
no. of carloads..
Frozen fruits, stocks, cold storage, end of month
tbous. of lb_. 169,148
Frozen vegetables, stocks, cold storage, end of month
thous. of lb_. 84, 250
Potatoes, white:
3,592
Price, wholesale ( N . Y . ) .
dol. per 1001b..
Production (crop estimate)!
. . t h o u s . of bu_.
15,386
Shipments, carlot
no. of carloads..
G R A I N S A N D GRAIN PRODUCTS
Barley:
Prices, wholesale (Minneapolis):
No. 3, straight
dol. per bu_.
No. 2, malting
do
Production (crop estimate)!
thous. of bu_.
Receipts, principal markets
..do
Stocks, commercial, domestic end of month
do
Corn:
Grindings, wet process
do
Prices, wholesale:
No. 3, yellow (Chicago)
_dol. per bu_.
No. 3, white (Chicago).
do
Weighted average, 5 markets, all grades
do
Production (crop estimate)!
thous. of bu_.
Receipts, principal m a r k e t s . . .
.do
Stocks, domestic, end of month:
Commercial
_
_
..do
On farms!
do
Oats:
Price, wholesale, N o . 3, white (Chicago)_dol. per bu_.
Production (crop estimate)!
.thous. of bu_.
Receipts, principal markets
do
Stocks, domestic, end of month:
Commercial..
do
On farms!
_
do
Rice:
Price, wholesale, head, clean (New Orleans)
dol. per l b . .
Production (crop estimate)!
thous. of bu_.
California:
Receipts, domestic, rough.
bags (1001b.)_.
Shipments from mills, milled rice
-do
Stocks, rough and cleaned (in terms of cleaned),
end of month
bags (100 lb.).
Southern States (La., Tex., Ark., Tenn.):
Receipts, rough, at mills
thous. of bbl. (162 lb.).^
Shipments from mills, milled rice
thous. of pockets (100 lb.) —
Stocks, domestic, rough and cleaned (in terms of
cleaned), end of mo
thous. of pockets (100 lb.).
Rye:
Price, wholesale, N o . 2 (Minneapolis).. -dol. per bu_.
Production (crop estimate)!
thous. of bu_.
Receipts, principal markets
do
Stocks, commercial, domestic, end of m o n t h . _ . d o
Wheat:
Disappearance, domestic!
thous. of bu_.
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
dol. per bu._.
No. 2, Red Winter (St. Louis)
do....
No. 2 Hard Winter (K. C.)_._
do....
Weighted av., 6 mkts., all grades
..do
Production (crop est.), total!.thous. of b u _ .
Spring wheat
do
Winter wheat
_
do
Receipts, principal markets
do
Stocks, end of month:
Canada (Canadian wheat)
do
United States, domestic, total? f-do....
Commercial
do
Country mills and elevators!.
...do
Merchant mills
do
On farms!._
do
r
"20," 538' "21*683" "27,~694~"
18," 847
1.19
1.20
1.35
1.38
1.35
1.38
1.35
1.38
1.31
1.35
10. 814
20, 638
9,079
11, 284
8,346
8,948
7,850
6,923
11,134
8,261
> 11,181
6,507
9,244
9,449
9,258
C)
C)
1.15
1.23
1.04
1.16
1.13
()
1.13
39, 038
~8~369
15, 200
22,065
14,607
17,886
9,406
7,696
11,819
561,181
12,392
.77
C)
.70
4.116
1.14
~26~313
"24,"" 086" "26," 939"
1.12
1.30
1.15
1.31
22,921
17, 620
21.515
26, 032
10,125
9,411
1.23
1.31
1.14
C)
C)
124, 212
6,670
32, 686
23, 600
268,407
166, 910
3.156
379,436
20, 756
1.24
1.30
1.24
1.30
17,612
31, 421
1.20
1.30
1 284, 4:
14,323
10,095
33, 728
30, 886
6,741
27, 542
4,599
26, 070
10, 557
11,200
11,064
11, 721
10, 826
1.14
1.09
1.28
1.02
1.14
1.15
1.27
1.01
1. 15
1.26
.99
47,437
36, 275
19, 591
22, 487
1.16
1.31
1. 11
1.08
11,468
12,311
' 14, 665
10, 296
7,478
' 206,621
5,469
13,682
.73
.64
.68
.66
(a)
1.01
13,228,361
31,291
' 37,888
14,179
4,863
§, 340
"~7,~557
'~7~684~
23,669
20, 356
13,522
"~8~iO5
12, 381
6,347
8,031
6, 547
185,293
4,440
13, 213
17,328
950,861
17, 377
16, 674
.066
.067
.067
.067
.067
.067
.067
.067
.067
601,900
399, 898
414,119
300, 737
464, 543
321, 373
590,470
573,966
264,815
275,232
143, 465
154, 521
84. 692
57, 482
899,123
156, 354
295, 525
399,269
380,196
191,378
102, 421
48,047
44, 313
142
168
74
124
37
442
1,288
880
795
509
301
220
1,104
1,143
729
458
193
1.34
1.27
1.19
1.12
1.13
705
8,975
1,573
22,977
2,195
21, 635
664
20,150
515
18,052
875
15,664
1,155
14, 728
11,608
2,145,520
.74
1,166,392
9,280
7,318
~~7,618~
13, 062
12,837
.067
70, 237
.066
.066
602,864
300,102
3P4,584
316, 633
611, 763
416,632
569,195
490, 353
499,366
620,139
593,109
567, 268
446,146
4,073
3,641
1,313
699
379
1,110
1,826
2,331
1,767
1,710
1, 562
427
1,207
3,608
5,047
4,707
3,819
2,697
1.12
1.03
1.15
1.13
1.14
25, 872
639
12, 207
1.23
1.23
529
11,116
225
10,951
1.65
1.66
)
1.64
1.67
1.67
()
1.63
1.67
1.63
1.61
1.56
1.61
1.67
1.76
1.64
1.63
1.68
1.76
1.66
1.66
57,404
265,751
3
316,055
82,912
95, 640
3
29, 712
3
67, 308
"103,742
28, 946
51, 341
49, 552
301, 005
292, 508
261,092
77,351
123, 307
1,090
• 13, 218
1,176
13,021
303, 333
228, 762
1.69
1
255, 379
1.54
1.55
1.51
1.52
1.54
1.58
1.53
1.52
101,057
68,894
62, 836
55, 675
279, 746
266,402
284,118
1,091,369
200,736 199, 475
199,441
137,818
532,270
323, 297
330,633
184,983
166,705
1.61
1.57
1.52
1.55
170,786
(o)
14, 982
750, 454
1
(a)
"~22,~26o"
1.61
1.69
1.61
1.56
1.64
1.71
1.59
1.60
1.64
1.74
1.62
1.60
1,078,647
1
314,574
' 764,073
39,832
28, 629
327,046
835, 990
152,043
160, 290
114, 38'
392,423
19,262
15,311
335, 057
328, 962
133,905
l
a
b
Revised.
December 1 estimate.
No quotation.
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 and wheat until the crop year begins in July.
T The total includes comparatively small amounts of wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins, not included in the
breakdown of stocks.
!Revised series. The indicated grain series 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 " ! ' \ All revisions are available on request. For 1941 and 1942 revisions for production of dried skim milk, see p. S-25 of the March 1943
Survey and p. S-35 of the March 1944 issue (correction—total, Feb. 1942, 35,064); 1943 revisions are shown on p. S-26 of the March 1945 Survey.
3
SURVEY OF CURRENT BUSINESS
June 1845
1944
1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplemeiit to the Survey
April
S-27
April
May
June
July
August
1945
Septem
ber
October
Novem- December
ber
January
™ ™ - March
FOODSTUFFS AND TOBACCO—Continued [
GRAINS AND GRAIN
PRODUCTS-Continued
Wheat flour:
Grindings of wheats
_
Prices, wholesale:
Standard patents (Minneapolis) §
Winter, straights (Kansas City)§.
Production (Census):^
Flour
Operations, percent of capacity
Offal
Stocks held by mills, end of month
thous. of bu_
dol. per bbl.
do
6.55
6.43
thous. of bbl_
41,984
41,360
42, 342
46, 671
46,463
49,424
48,011
46, 485
51, 287
46,893
51, 284
6.55
6.33
6.55
6.25
6.55
5.98
6.55
5.92
6.57
6.03
6.55
6.26
6.55
6.22
6.55
6.20
6.55
6.30
6.55
6.24
6.55
6.30
6.55
6.49
9,038
61.9
701,802
-thous. of lb.
thous. of bbl.
LIVESTOCK
Cattle and calves:
Receipts, principal markets
thous. of animals
Shipments, feeder, to 8 corn belt Statest
do__.
Prices, wholesale:
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 ratiot-bu. of corn per 100 lb. of live hogs..
Sheep and Iambs:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 8 corn belt Statest
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 l b .
Lambs, feeder, good and choice (Omaha)
do
40,972
9,243
9,095
60.2
61.2
728, 569 713,902
3,423
9,322 10, 279 10, 235 10, 878 10, 551 10,192
65.2
69.8
63.9
71.6
70.1
72.4
725, 248 798, 575 795, 783 849, 492 828, 573 807,183
3,570
3,469
11, 223 10, 274 11,251
73.7
76.1
71.0
894, 085 815, 807 893, 834
3,377
2,194
136
1,734
84
2,010
74
2,030
106
2,219
105
2,681
236
2,863
367
3, 587
525
2,985
376
2,211
170
2, 372
113
16.14
]3. 90
16. 33
15.04
12.76
14.00
15.44
12.84
14.00
16.06
11.65
14.00
16.06
10.93
13.60
16.07
11.50
13.75
15.78
11.34
14.66
15.95
11.50
15.08
15.78
11.96
14.81
14.87
11.49
14.75
1,932
3,932
4,161
3,862
3,231
2,704
2,304
2,743
3,390
14.71
13.2
13.53
11.3
12.91
11.0
12.66
11.0
13.25
10.9
14.32
11.5
14.42
11.7
14.49
12.2
1,737
80
1,465
66
2,455
118
2,704
90
2,563
103
2,765
382
16.30
14.00
15.94
13.09
15.04
12.37
14.55
13.19
C)
13.51
12.71
3,421
770
13.51
12.43
1,229
626
24
1,500
1,746
1,706
135
1,613
1,836
1,650
133
1,668
1,554
1,250
72
1,634
1,572
969
65
1,476
1,426
784
53
2,101
113
14.71
12.40
14.75
1,951
72
15.12
13.00
14.88
15.64
13.60
15.66
3,365
3,361
2,013
2,082
14.14
12.7
14.19
12.6
14. 66
12.9
14.70
13.2
14.70
13.1
3,732
835
2,801
420
2,134
169
2,297
132
1,643
1,725
103
13.84
12.36
13.87
12.49
14.14
12.50
15. 02
12.99
16.00
13.83
16.31
13.90
1,637
1,605
646
40
1,643
1,715
617
35
1,589
1,761
675
37
1, 575
1,747
699
34
1,140
1,311
656
29
1,258
1,424
-•614
'26
588, 776 645, 730 709, 042 713, 631 793,076
725,715
676, 618 680,247 619,118
669, 407
MEATS
Total meats (including lard):
Consumption, apparent
mil. of Reproduction (inspected slaughter)
.do
Stocks, cold storage, end of month©cf
do
Miscellaneous meats(Bcf
-do
Beef and veal:
Consumption, apparent
thous. of lb__
Price, wholesale, beef, fresh, native steers (Chicago)
dol. per lb._
Production (inspected slaughter)
thous. of lb._
Stocks, beef, cold storage, end of month©cf
do
Lamb and mutton:
Consumption, apparent
...do
Production (inspected slaughter)
_.do
Stocks, cold storage, end of m o n t h © ^
.do
Pork (including lard):
Consumption, apparent
do
Production (inspected slaughter)
do
Pork:
Prices, wholesale:
Hams, smoked (Chicago)
dol. p e r l b . .
Fresh loins, 8-10 lb. average (New York), .-do
Production (inspected slaughter)
thous. of l b . .
Stocks, cold storage, end of month©cf
do
Lard:
Consumption, apparent
do
Prices, wholesale:
Prime, contract, in tierces (N. Y.)
dol. per lb_.
Refined (Chicago)
do
Production (inspected slaughter)
thous. oflb..
Stocks, cold storage, end of monthcf
do.
r
1,600
1,754
1,531
77
567,800
593,052
.200
561, 247
191,116
.200
546,898
270,994
.200
.200
566, 583 556,169
243,508 207,400
66,942
11,732
61, 378
58,683
16, 723
69,365
68,335
14,479
68,780
69,000
14,616
870,425
950,105
942,901
.200
.200
575, 794 704,481
168,446 161,486
73,479
71, 595
12, 721
73,006
75, 469
15,027
600, 377 1,140,100 1,200,891 1,128,596 906,752
852,196
791,913
.258
.258
471, 559
298,001
()
.146
93, 622
53, 040
POULTRY AND E G G S
Poultry:
Price, wholesale, live fowls (Chicago)
dol. per l b . .
.268
Receipts, 5 markets
thous. of l b . . 20. 435
117, 668
Stocks, cold storage, end of m o n t h s
do
Eggs:
Dried, production *
do
15,716
Price, wholesale, fresh firsts (Chicago) %. dol. per doz__
.343
Production
millions. _
6,670
Stocks, cold storage, end of monthtc?
Shell
thous. of cases. _
3,829
Frozen
thous. of lb._ 168, 601
.200
.200
.200
.200
.200
.200
.200
690,170 762, 573 694,348 658, 443 678, 745 632, 564 685, 274
143, 530 127,119 114, 589 107,171 116, 093 133,132 152,629
78, 762
80,114
16,069
87,694
89, 675
17,882
79,887
81,062
18, 874
.258
.255
811,276
803,357
.258
.258
.258
258
.258
.255
.255
.257
.258
.258
649,075 582,012 503, 292 586,853 728,945
646, 499 478, 224 359, 023 296, 815 318,055
123,621
155,005
154,814
182,625
95,010
109, 644 125,590
()
()
C)
()
()
()
.140
.138
.138
.146
.143
.138
240, 789 231,877 188, 897 153, 220 111,344 120,115
490, 281 420, 301 342,450 240,298 168, 251 118,072
.255
.250
21, 779 28,982
130,044 122,729
32, 056
.311
' 7, 035
152, 400
34,579
.308
6,704
91,211
90, 263
18, 258
69, 346 77, 692
71,119 76, 470
17,195 ' 15, 264
683, 753 756, 573 837, 517 833,262 803, 728 451, 085 511,280
655, 519 752, 481 939,194 1,021,414 977, 737 607,032 662, 521
.258
.258
.255
.255
836, 825 871,665
784,801 769,138
.139
.146
221,830
498,235
79,080
81,200
20,183
.258
.258
785,370
371,393
.258
.258
.258
.258
.258
.258
761,150 480, 460 524. 383
407,202 366,185 325, 503
105,039
128, 966
31, 802
14, 304
(a)
()
()
.146
.146
152,956 171,924
90, 536 98,484
(
.146
158, 069
81, 494
()
. 146
.146
91,813 100,179
64, 770 r 49,728
233
.219
.228
.228
.227
38, 688 46, 753 62,047
38, 578 42,059
130,817 141, 654 160,689 187, 959 244,075
.242
62,046
268,128
.246
60,236
269,021
.255
33, 085
215, 532
. 260
.264
18,917 20, 842
183,889 141,708
34,149
.338
4,010
23,946
.389
3,278
16,835
.423
2,998
10, 610
.418
3,387
15,192
.380
4,146
5,427
2,905
332, 505 279,175
1,045
220,180
411
165, 933
296
98, 985
14,134 17, 845
.349
.343
6,558
4,786
521 r 1,784
85, 499 114,814
32,712
.332
5,437
31, 272
.348
4,631
7,653
11,335
9,351
354, 223 388, 547 371,627
25,000
.368
3,515
6,963
218,032
9,632
292,445
32, 356
31,062
28, 266
23,461
29, 795
34,860
39,043
40, 214
37, 399
40, 391
1,616
1,127
.134
1,207
955
.134
1,472
742
563
.134
1,235
731
607
.134
1,609
1,247
1,039
.134
1,514
1,123
893
.134
1,778
1,185
972
.134
1, 516
1,215
996
.134
1,352
1,645
1,395
.134
1,450
1,118
957
.134
1,418
M I S C E L L A N E O U S FOOD P R O D U C T S
Candy, sales by manufacturers..
thous. of d o l . . 37, 573
Coffee:
Clearances from Brazil, total
-thous. of b a g s . .
889
T o United States
do
717
Price, wholesale, Santos, No. 4 (N. Y.)~-dol. per l b . .
. 134
Visible supply, United States..
thous. of bags.
1,407
Fish:
Landings, fresh fish, principal ports
thous. of lb
Stocks, cold storage, end of month
.do
I 32,509
44, 204
951
831
.134
:,380
r 1, 014
'844
.133
1,352
25, 746 17,297
16, 763 r 20, 073
35,158
32, 497 47, 888 49, 606 52, 542 46, 585 43,015 35,891
51, 545 69, 672 88,842 109,841 123,255 131,584 130,914 128,223 111,956 ' 78, 971 52, 965 39, 830
Revised.
• No quotation.
{Compiled by the U. S. Department of Labor; see note in April 1944 Survey.
§Prices since May 1943 have been quoted for sacks of 100 pounds and have been converted to price per barrel to have figures comparable with earlier data.
tThe hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revised data beginning 1913 will be published later. 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.
*New series; annual figures beginning 1927 and monthly figures for 1941-43 are shown on p. 20 of the March 1945 issue.
©Miscellaneous meats includes only edible offal beginning June 1944; trimmings formerly included in "miscellaneous im e a t s " are now distributed to the appropriate meat items.
r
T h e total includes veal, shown as a new item in the original reports beginning June 1944 (some of this veal formerly may have been included with trimmings in "miscellaneous
meats"), and also, beginning September 1944, data for sausage and sausage product? and canned meats and meat products which were not reported previously; separate data for these
items through February 1945 are given in notes in earlier issues; March and April 1945 data are as follows (thousands of pounds): Veal March, 5,2091, April, 5, 843; sausage and sausage
products—March, 22,301; April, 25,317; canned meats and meat products—March, 16,953; April, 16,910.
I D a t a relate to regular flour only; in addition, data for granular flour have been reported beginning 1943; see note in previous Surveys for data through February 1945. Granular
flour data for March 1945; Wheat grindings, 3,876,000 bushels; production, 835,000 barrels; offal, 69,092,000 pounds; percent of capacity, regular and granular flour combined, 76. 2.
cfCold
storage stocks of dairy products, meats, and poultry and eggs include stocks owned by the P . P . M . A., W. F . A., and other Government agencies, stocks held for the
Armed Forces stored in warehouse space not owned or operated by them, and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.
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Federal Reserve Bank of St. Louis
8-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1945
1944
April
August
July
June
May
September
October November
December
January
Febru- March
ary
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS—Con.
Sugar:
Cuban stocks, raw, end of month§
thous. of Span, tons...
United States, deliveries and supply (raw value):*
Deliveries, total
.short tons.For domestic consumption
do
For export
. . do
Production, domestic, and receipts:
Entries from off-shore areas, total
do
From Cuba
do . .
From Puerto Rico and Hawaii
-. do
Other
do
Production, domestic cane and beet
do . .
Stocks raw and refined
do
Price, refined, granulated, New York:
Retail
-dol. per lb.Wholesale
do
3,097
3,164
2,945
2,666
2,392
2,181
1,913
1,027
1,127
1,130
587,598 r521,365
r
552, 820 4&2,089
29,276
34,778
588,968
544,408
44,560
686.001
654,592
31,409
760, 031
743, 815
16, 216
748,282
737, 665
10, 617
662,419
653, 568
8,851
649,792
640, 706
9,086
592, 731
580,186
12, 545
615, 732
589, 507
26, 225
599, 417
559,159
40,258
673,458 638,100
465,193 418,773
207,137 219, 206
121
1,128
7,702
4,001
1,347,503 1,287,717
437, 600
270,188
159,821
7,591
4,377
972, 577
489, 798
273,140
208,808
7,850
10,003
715,572
378, 550
282, 044
88, 386
8,120
49, 873
464, 564
455, 075 417, 485 462, 960 471, 258 392, 680 579, 633
376,110 353,656 357,396 439, 055 340,752 477,157
57,036
87, 548
72,172
27, 678
38, 698
94. 241
6,793
8,235
6,793
18,016
4,525
13, 230
391, 506 605, 515 325, 739
53, 617
15,952
14.139
1,226,474
642,165 1,054,005
1,147,957 1,053,052 1,003,723
.066
.055
.066
.055
.066
.055
.066
.054
2,359
540, 355
399, 052
137, 736
3,567
.066
.054
493,084
389,108
103,936
40
9.087
-1,336,714
.066
.055
.066
.055
TOBACCO
Leaf:
Production (crop estimate)
mil. of lb
Stocks, dealers and manufacturers, total, end of
quarter
mil of lb
Domestic:
Cigar leaf
do
Firp-nirpd and dark air-nirpd
do
.064
.054
.054
.054
.054
1,386
1,776
497, 486 '•653,706
477, 456 ' 605,089
22,030 r 48, 617
.065
.054
.066
.054
i 1,835
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Manufactured products:
Consumption (tax-paid withdrawals);^
17, oeo
Small cigarettes
millions
388,436
Large cigars
thousands
25,212
Mfd. tobacco and snuff
. thous. of l b .
Prices, wholesale (list price, composite):
6,006
Cigarettes, f. o. b., destination
dol. per 1,000.
Production, manufactured tobacco, total, thous. of lb_~
Fine-cut chewing
do
Plug
do
Scrap, chewing..
_
. do . .
Smoking
do
Snuff . . .
. do
Twist
2,702
2,731
'3,047
3,168
360
253
1,991
2
323
231
2,085
2
298
225
2,436
2
372
275
2,442
2
27
68
24
65
30
56
27
49
18,778
362, 403
20,036
21,065
399,992
23,968
21,166
384,171
23, 350
20, 278
352,131
21, 338
22,305
418,205
26,971
20,021
391, 492
25, 335
19.771
411,894
28, 793
20, 554
446,325
30, 729
17, 826
395,499
26,017
20, 077
379, 420
27, 519
16, 673
388, 629
25,089
18, 679
417,521
27,045
6.006
20,903
311
4,706
3,f82
8,352
3,338
514
6.006
24,862
365
5,217
4,323
10,720
3,675
561
6.006
23,848
371
5,406
4,508
9,835
3,199
531
6.006
22,853
288
4,683
4,187
10,092
3,122
480
6.006
27,978
374
5,496
5,047
13, 290
3,207
564
6.006
26, 364
349
4,890
4,407
12, 944
3,231
543
6.006
30,637
348
5,365
5,015
15,491
3,809
610
6.006
32,168
••371
5,687
4,720
16, 973
3,850
566
6.006
27,039
341
4,776
4,207
13,934
3,281
499
6.006
29,770
373
5,115
4,532
15,096
4,072
582
6.006
26, 421
309
4,450
4,216
13,404
3,516
526
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. per lb_.
Calfskins, packers', 8 to 15 lb_
do...
LEATHER
Production:
Calf and kip
thous. of skins..
Cattle hide
...thous. of hides..
Goat and kid
thous. of skins.
Sheep and lamb
do
Prices, wholesale:
Sole, oak, bends (Boston) f
dol. per lb_
Chrome, calf, B grade, black, composite.dol. persq.ft
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides..
Leather, in process and
finished
do
Hides, raw
do
3,066
1,507
555
939
6,290
1,378
6,643
1,694
594
1,003
6,095
1,823
634
1,079
4,795
1,898
756
1, 339
4,145
1,924
753
1,310
3,521
2,003
920
1,451
4,223
2,238
874
1,336
5,258
2,013
1,275
5,663
1,934
560
1,284
5,299
2,073
442
1,149
3,267
1,522
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
.155
.218
972
2,353
2,196
865
2,098
2,676
4,535
952
2,251
3,132
4,572
2,266
3,158
4,328
802
2,057
2,711
3,771
1,029
2,274
2,901
4,794
940
2,222
2,735
4,334
1,006
2,224
2,900
4,532
948
2,292
2,794
4,523
879
2,178
2,465
4,122
957
2,395
2,543
4,433
925
2,391
2,104
4,350
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
.440
.529
11, 804
6, 857
4.947
10, 676
6,384
4,292
10,848
6,469
4,379
10, 605
6,455
4,150
10, 876
6,792
4,084
11,178
6,862
4,316
11,193
6,970
4,223
11,476
6,974
4,502
11,658
7,041
4,617
11,857
7,070
4,787
11,978
7,057
4,921
11,991
7,051
4,940
36,854
203
6,225
1,093
3,564
39,648
198
7,066
1.459
4,189
40, 682
222
7,184
1,355
4,307
31, 774
174
4,732
995
3,697
41, 464
217
6,073
1,257
4,738
38, 786
209
5,061
1,047
4,474
40, 760
256
4,604
873
4,815
39, 507
240
4,386
762
4,671
35, 784 » 39, 670 "38,871
r
224
265
300
4, 548
7,152
6,344
609
331
435
4,382 » 4, 326 6 4, 265
21,071
1,368
2,200
2,988
5,304
9,211
4,179
518
21,714
1,354
2,304
3,024
5,499
9,532
4,383
640
22, 544
1,405
2,419
3, 062
5,795
9,863
4,542
528
17,991
1,051
2,025
2,562
4,463
7,888
3,870
316
22, 696
1,260
2,666
3,153
5,373
10, 245
6,162
320
21, 789
1,323
2,483
2,974
5,078
9,930
5,936
271
23,046
1,336
2,728
3,163
5, 421
10,398
6,899
266
22,159
1, 335
2,676
2,983
5,346
9,818
6,936
353
20, 556
1,153
2,362
2,847
5,041
9,153
5,094
372
477
541
LEATHER MANUFACTURES
Boots and shoes:%
Production, total
thous. of pairs.
Athletic—..
do....
All fabric (satin, canvas, etc)
do
Part fabric and part leather uppers ®. _
do
Government shoes
do
Civilian work and dress shoes, all leather uppers®
thous. of pairs..
Boys' and youths'
do
Infants'
do
Misses' and children's
do
Men's
__
do
Women's
do
Slippers and moccasins for housewear
do
All other footwear <g>
do
23,355
1,206
2,807
3, 372
5,475
10, 495
4,865
149
21, 927
1,182
'2,634
'3,327
T
5, 280
'9, £05
'4, 641
157
r
Revised.
i December 1 estimate.
° Not available.
b
Excludes reconstructed government shoes (606,000 pairs for January, 663,000 pairs for February, and 055,000 pairs for March); such shoes are included in earlier data.
§For
data for December 1941-July 1942, see note marked " § " on p . S-28 of the November 1943 Survey.
n
*luma' ior
for June
June to
to uecemDer
December iy43
1943 were
were revised
revised in
in tne
the August
August iy44
1944 survey;
Survey; revisions
revisions lor
for January-May
January-May m
1943
are available
available on
on request.
request.
a are
*New series compiled by U. S. Department of Agriculture; represents both raw and refined sugar in terms of raw sugar (see also note rin
^Tax-paid withdrawals include requirements for consumption in the United States for both civilians and military services; withdrawal
als for export and for consumption ou tside
the United States are tax-free.
^Beginning
January
1C45
data
for
beach
sandals,
formerly
included
in
"all
other
footwear,"
are
included
under
the
"all
fabric"
and
"part
fabric: and part leather" classifications;
11
u
A
u :
playshoes, also included in "all other footwear" through
_ 1642 have been distribu^^
ted to
*" +1
the
^ -all
*~
fabric,
~—~~
part
'~'
fabric,
~ - -*•etc., —^
and -various
—
all
" 1leather
~- il categories
-- --—
since ^the
- *-beginning
------ -•- of 1943.
t Revised series. The price series for sole oak leather is shown on a revised basis beginning with the October 1942 Survey; revisions beginning July 1933 are available on request.
http://fraser.stlouisfed.org/
(-.sxM^nn
** r- w *
Federal Reserve Bank of St. Louis
—,i
1 „
,3
l,»»
TT
C1
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J - . -
±_
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!-._lJ_.
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•
1
* 1
1 O/1
C
SURVEY OF CURRENT BUSINESS
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in t h e
1942 Supplement to the Survey
1944
1945
April
S-29
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
National Lumber Manufacturers Assn.rf
Production, total
Hard woods
Softwoods
Shipments, total
Hardwoods
Softwoods
Stocks, gross, end of month, total
Hardwoods
Softwoods
mil. bd. ft.
do_ - .
.do.-.
do_-_
.do
do__do...
do...
do...
2,654
571
2,083
2,756
631
2,125
3,845
961
2,884
2,972
589
2,383
2,911
687
2,224
3,732
884
2,848
2,730
591
2,139
2,869
602
2,267
3,794
881
2,913
2,740
652
2,088
2,668
562
2,106
3,880
958
2,922
3,107
735
2,372
2,893
567
2,326
4,051
1,090
2,961
2,682
581
2,101
2,575
536
2,039
4,185
1,125
3,060
2, 686
598
2,088
2,617
571
2,046
4,241
1,143
3,098
2,429
544
1,885
2,455
558
1,897
4,177
1,105
3,072
2,110
457
1, 653
2,270
498
1,772
3,684
932
2,752
2,311
47J
1,840
2, 529
579
1,950
3,471
825
2,646
147, 505 138, 915
71, 762 65, 652
158,106 '145, 440
78, 022 r 70,770
164, 275
79, 309
762,116
786,856
603,668
667, 067
707, 387
598. 447
828, 697 r 764,182
873, 681 r809, 627
602, 339 ''600,726
829. 651
885, 316
578,122
127,368
126,717
31,351
127,192
127,371
31,080
112,028
114, 774
28,439
126, 886 '"118,564
123, 965 '"117,996
30, 952 r 30, 553
128, 572
129,418
28,913
2,170
484
1,686
2,267
490
1,777
4,031
1,030
3,001
2,133
374
1, 759
2, 373
522
1,851
4,037
1,082
2,955
PLYWOOD AND VENEER
Hardwood plywood, production:*
Cold press
thous. of sq. ft., measured by glue line.
Hot press
...do...
Hardwood veneer:*
Production
thous. of sq. ft., surface area.
Shipments and consumption in own plants
do...
Stocks, end of month.
do...
Softwood plywood:*
Production
thous. of sq. ft., %" equivalentShipments
do--.
Stocks, end of month
do..-
149, 455
' 65, 798
746,102
754,003
513, 291
157,010
r 68, 887
785, 759
789,832
525,483
153,519 144,276
r 69,129
167,184 154, 292 153,163
80, 604 68,671 71,533
817, 392 766, 521 844, 009 758, 512 785,800
805, 604 774, 719 850, 483 778, 558 808,669
542, 463 568,019 589,154 592,612 601,127
124,168 126, 798 129,821
125,506 128,157 132,167
30, 215 30,131
27,367
98, 762 133,616 124,989
94,767 132, 274 126,606
30,804 30, 910 30,487
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
_
_M bd. ftdo
do...
do
do
2,575
7,625
3,000
3,275
2,200
3,360
8,800
3,260
3,500
2,350
3,250
7,700
4,000
3,300
3,050
3,650
7,350
3,950
3,950
3,150
3,550
7,825
3,650
3,050
3,725
3,825
7,800
4,075
3,075
4,500
2,725
7,075
3,775
3,775
4,750
3,9C0
6,500
3,775
4,375
4,325
4, 675
7,300
3,375
4.050
3,650
3,650
6,925
3,375
3, 650
3,325
4, 625
7,925
3, 525
3,650
2,900
3,675
8,550
3,100
2,875
2,900
3, 225
8.475
3,125
3, 425
2, 550
do...
do...do...
do
do
16,799
45, 462
14, 522
15, 681
2,638
13, 234
23, 940
13, 905
14,816
5,991
16, 282
21,876
16,438
17,491
4,938
13, 010
19,424
15,116
15,462
4,736
19, 397
25, 687
13, 361
13,134
4,963
27,107
32,196
15, 942
18, 281
4.075
17,635
37,169
15, 790
16,464
4,095
17, 644
36,843
17,135
17,970
3,791
17,100
36, 554
17,547
17,389
3,949
15,135
36, 921
15,418
14, 716
4,456
16, 755
37, 823
16, 630
15,905
5,197
16,382
38,248
15, 656
15, 957
4,696
22, 996
45, 345
16, 000
16,899
3,797
33. 810
44.100
33. 810
44.100
34. 790
44.100
34.790
44.100
34. 790
44.100
34. 790
44.100
34.300
44.100
33.810
44.100
33.810
44.100
33. 810
44.100
33. 810
44.100
33. 810
44.100
33.810
44.100
641
965
639
1,047
654
749
970
712
936
734
634
873
664
876
545
668
909
676
936
609
952
707
981
41.394
55. 233
737
755
1,259
41.172
55.233
704
725
1,238
41.172
55. 233
702
746
1,194
41.172
55. 233
742
783
1,153
41.172
55.480
654
648
1,159
41.172
(2)
666
661
1,164
<?
559
568
1,187
650
649
1,188
585
593
1,180
665
678
1,167
449
437
526
515
564
529
568
514
524
502
578
557
504
496
475
41.172
(2)
644
612
1,196
417
420
41.172
637
657
1,147
41.394
55. 233
670
703
1,277
386
378
394
383
346
362
505
433
34.79
427
445
771
34.66
443
473
764
34.91
612
552
824
34.77
646
583
887
34.70
612
538
961
34.64
685
613
1,033
34.52
573
521
1,085
34.71
556
526
1,115
34.62
413
472
1,057
34.61
367
428
997
34.42
306
388
915
34.73
305
368
852
34.84
371
434
532
971
570
538
429
794
1,134
753
735
485
585
1,073
788
678
414
673
1,057
561
718
440
546
1,006
567
594
439
784
1,075
704
692
449
640
1,070
652
654
482
604
983
652
656
478
602
926
633
624
475
529
884
589
600
470
735
982
638
623
495
614
993
596
614
432
687
1,015
616
635
417
38, 510 34,653
99, 793 101,121
38, 202
59, 043
39, 092
34,901
62, 521
31, 208
77,851
40,747
35,348
63,521
26, 330
70, 478
37, 265
33,049
66,123
29, 631
70,186
29, 562
28,871
74, 311
795
797
535
512
074
36,497
94,155
31,057
33,037
68, 566
38, 752
96, 628
33,234
33, 712
66,105
58
57
58
53
54
54
1
65
72
50
15
4
25
84
50
17
2
23
87
50
18
SOFTWOODS
Douglas fir, prices, wholesale:
Dimension, No. 1, common, 2 x 4—16
dol. per M bd. ft.
Flooring, B and better, F. G., 1 x 4, R. L
_do-..
Southern pine:
Orders, newt
mil. bd. ft.
Orders, unfilled, end of monthf
do-..
Prices, wholesale, composite:
Boards, No. 2 common, 1" x 6" and 8"f
dol. per M bd. ft.
Flooring, B and better, F. G., 1 x 4f
...do.-.
Productionf.
mil. bd. ft.
Shipmentsf
do-..
Stocks, end of monthf
do,.Western pine:
Orders, newf
do.-Orders, unfilled, end of monthf
do...
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8 " . . dol. per M bd. ft.
Productionf
—
mil. bd. ft.
Shipmentsf
do
Stocks, end of monthf
do...
West coast woods:
Orders, newf-.do-..
Orders, unfilled, end of month
do...
Productiont
_
do...
Shipmentst
do__.
Stocks, end of month...
do
Redwood, California:
Orders, new
M bd. ft.
Orders, unfilled, end of month
do...
Production
do_-_
Shipments
_
_do_.Stocks, end of month
_
.do_.-
(
41, 523 32, 442 28,724 38,162 19,305
103, 245 161, 208 151,447 146, 607 111,518
32,485
33,719 37,653 41, 390 40,181
34,299 36,854 39, 301 37,818 36,211
68,759
68,128 66,682 62, 216
64,121
41,161
53,
90,
34,
33,
72,
(2)
(2)
FURNITURE
All districts, plant operations
.percent of normalGrand Rapids district:
Orders:
Canceled...
percent of new orders.
New
no. of days'productionUnfilled, end of month.-.
do...
Plant operations
.percent of normalShipments
.no. of days' production.
53
58
24
56
57
54
25
4
17
87
50
18
2
' Revised.
Not available.
*New series. The plywood and veneer series are from the Bureau of the Census and are practically complete. Data beginning September 1941 for softwood plywood are shown
on p. 16 of the September 1944 Survey; data beginning September 1942, for hardwood veneer are published on p. 14 of the November 1944 issue. The hardwood plywood figures published prior to the May 1945 Survey have been revised owing to corrections received from one company; the revised figures will be published later.
tRevised series. Data for the indicated lumber series as published in the 1942 Supplement and in the statistical section of the monthly Survey prior to April 1945 issue have been
revised as follows: Total lumber stocks, total softwood stocks, and Southern pine stocks and unfilled orders beginning 1929; hardwood stocks, beginning 1937; Western pine new orders,
unfilled orders and stocks beginning 1942; West Coast woods new orders, production, and shipments beginning 1938, and all other series beginning 1941. The revisions reflect largely
adjustment of the monthly series to 1941-43 annual data collected by the Bureau of the Census. Revisions through 1939 for total lumber stocks and total softwood and hardwood
stocks and through 1941 for other series are available in a special table on pp. 27 and 28 of the March 1943 Survey except that 798,000,000 should be added to the published stock figures
for total lumber, total softwoods and Southern pine, and 111,000,000 to Southern pine unfilled orders (these additions are to carry back a revision to include data for concentration
yards); all revisions are available on request. The Census for 1942 and 1943 included many mills in the Eastern States not previously canvassed; this affects the comparability of
current statistics with those for years prior to 1942 for Southern pine and for total lumber, total softwoods, and total hardwoods. U. S. Forest Service estimates of total lumber production for 1939-41, based on census data adjusted for incomplete coverage, and census total for 1942 are shown in the table on p. 22 of the February 1945 issue (revisions for 1943 and
1944for
totals
in that table, 34,289 and 32,554, respectively. The revised price series for Southern pine each represents a composite of 9 series; for comparable data beginning August 1942,
Digitized
FRASER
see note at bottom of p. S-35 of the June 1944 issue.
S-30
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
METALS AND MANUFACTURES
IRON AND STEEL
Iron and Steel Scrap
5,185
Consumption, total*
thous. of short tons..
2,976
Home scrap*
do
2,209
Purchased scrap*
do
6.340
Stocks, consumers', end of month, total*
do
1,560
Home scrap*
...do
3,780
Purchased scrap*
do
Iron Ore
Lake Superior district:
6,642
7,273
Consumption by furnaces
thous. of long tons.
5,288
7,282
Shipments from upper lake ports
_
_do-__
17,892
16, 429
Stocks, end of month, total
.do
14, 985
14, 469
At furnaces
..do
2,907
1,960
On Lake Erie docks
_.do-_Pig Iron and Iron Manufactures
757,880
Castings, gray iron, shipments*
short tons _
Castings, malleable:cf
88,169
78, 075
Orders, new, net...
.do...
69,820
77,042
Production
do
69, 360
76, 065
Shipments
_
do...
Pig iron:
5,161
Consumption*
...thous. of short tons.
Prices, wholesale:
23.50
24. 50
Basic (valley furnace)
-dol. per long ton.
24.17
25.17
Composite
do
25.00
24.00
Foundry, No. 2, Neville Island*
do...
5,243
4,786
Production*
thous. of short tons.
Stocks (consumers' and suppliers'), end of month*
1,636
thous. of short tons.
Boilers, range, galvanized:
62,828
93, 798
Orders, new, net
number of boilers.
67,593
Orders, unfilled, end of month
d o . . . 324, 986
74,365
49, 256
Production
_
do...
71,884
50, 300
Shipments
do...
19, 722
6,990
Stocks, end of month
do
Steel, Crude and Semimanufactured
Castings, steel, commercial:
175,053
Orders, new, total, net
shorttons..
44,140
Railway specialties
do
155,778
Production, total
_
do
27.822
Railway specialties
do
Steel ingots and steel for castings:
r 7,594
7,309
Production®
thous. of short tons..
99
93
Percent of capacity§
Prices, wholesale:
.0271
.0265
Composite, finished steel
dol. per lb_.
34.00
34.00
Steel billets, rerolling (Pittsburgh).. -dol. per long ton.
.0210
.0210
Structural steel (Pittsburgh)
doi. per lb__
18.75
18.75
Steel scrap (Chicago)
dol. per long ton..
U. S. Steel Corporation, shipments of finished steel
1,723
1,757
Products
thous. of short tons.
Steel, Manufactured Products
Barrels and drums, steel, heavy typesi
3,383
6,834
Orders, unfilled, end of month
thousands..
1,610
1,972
Production
do
1,971
1,610
Shipments
_
...do
41
£3
Stocks, end of month
do
Boilers, steel, new orders :
901
853
Area
.thous. of sq. ft-.
836
602
Quantity
number..
2,754
3,146
Porcelain enameled products, shipments* thous. of dol_.
350
Spring washers, shipments
do
Steel products, production for sale:*
5,211
Total
thous. of short tons. .
508
Merchant bars
do
496
Pipe and tube
do
1,073
Plates
. do
197
Rails
..do
768
Sheets..do
89
Strip—Cold rolled
do
Hot rolled
„
do
115
Structural shapes, heavy.
do
319
216
Tip plate and terneplate©
do
347
Wire and wire products
do
5,245
2,988
2,257
5,369
1,607
3,762
4, 995
2,864
2,131
5,376
1,613
3,763
4,954
2,864
2,090
5,343
1, 592
3,751
5,077
2,931
2,146
5,444
1,670
3,774
5,008
2,890
2,118
5,370
1,715
3,655
5,246
3,099
2,147
5,080
1,635
3,445
5,070
2,999
2,071
4,791
1,528
3,263
5,025
2,884
2,141
4,425
1,453
2,972
5,048
2,883
2,165
4,173
1,445
2,728
4,714
2, 658
2, 056
4,116
1, 465
2,651
5,476
3,078
2,398
4,084
1,406
2,67S
7,558
12,114
21, 474
18, 356
3,117
7,112
11,975
26, 655
23,289
3,366
7,372
12,909
32,069
28, 237
3,832
7,342
12. 288
37, 243
32, 727
4,516
6,950
11,329
41,943
36,684
5,259
7,320
10, 595
45. 343
39, 546
5,797
6,883
4,672
44, 722
39,249
5,473
7,090
0
37, 824
32, 883
4,941
6,983
0
30,889
26, 445
4,444
6,371
0
24, 577
20, 815
3,761
7,082
0
17, 304
14, 996
2,307
790,674
763, 459
689,744
778, 205
744,954
780, 453 760,383
741, 534
791, 395
752, 266
857, 616
92, 285
70,555
72, 279
103,692
70, 993
71, 758
106,626
61, 320
61, 704
71,307
74, 297
70,172
49, 502
74, 628
72,821
76, 536
80, 505
76,882
48,149
79, 629
77, 528
69, 972
76,187
76,831
97,153
83, 742
78, 788
79,913
78, 385
75, 220
98,979
86,175
85, 307
5,218
4,960
5,062
5,159
4,893
5,108
4,887
4,959
4,911
4, 528
5,205
23.50
24.17
24.00
5,343
23.50
24.17
24.00
5,057
23.50
24.17
24.00
5,157
23.50
24.17
24.00
5,210
23.50
24.17
24.00
4,988
23.50
24.17
24.00
5,200
23. 50
24.17
24.00
4,904
23.50
24.17
24.00
4,999
23.50
24.17
24.00
4,945
24.00
24.71
24.50
4, 563
24.50
25.17
25.00
5,228
1,447
1,379
1,363
1,658
1,663
1,649
1,639
1,617
1, 590
1,536
1,492
69, 560
68.106
66.107
69,047
16, 782
57,966
66, 272
54,903
59,800
11,885
61,099
69, 632
59,416
57, 739
13,562
68, 009
80, 696
58,154
56, 945
14, 771
51,288
76, 432
54,589
55, 552
13,808
74,085
83, 637
"9,389
16, 317
71,163
91,616
63, 022
63,184
16, 253
76,249
112,638
52,089
56,606
11,736
112,726 111.640 ••131,632
170, 727 219, 775 r281, 48£
54,550
63,152 T 66,165
55, 014
62, 592 r 69, 919
11,228
' 8,034
11,788
176,993
37, 807
161, 783
29,974
181,816
28,147
157, 444
30,309
169,921
19, 248
131, 940
24,756
171,309
29,921
154,911
31,864
129,847
14,371
144,458
27,660
146,116
16,173
150,719
28. 949
120, 667
20,937
146,411
26,939
138, 666
30,259
144,162
25,660
210,182
39,121
157,176
25,267
r 7, 703 r 7,234 >• 7,498
94
94
97
r 7,499 r 7, 235 r 7,621
94
96
94
r
7,279
94
214, 408
38,537
146,165
23,159
203,170
28,746
166, 896
27,268
r 7,366 r 7, 206 r 6, 655
93
89
91
' 7,708
9.
.0265
34.00
.0210
18.75
.0265
34.00
.0210
18.75
.0265
34.00
.0210
18.75
.0265
34.00
.0210
18.75
.0265
34.00
.0210
18.69
. 0265
34.00
.0210
16.60
.0265
34.00
.0210
17.00
.0265
34.00
.0210
18.69
.0269
34.00
.0210
18.75
.0271
34.00
.0210
18.75
.0271
34.00
.0210
18.75
1,777
1,738
1,755
1,743
1,734
1,775
1,744
1,768
1,569
1,562
1,87C
3,432
1, 539
1,531
49
3,767
1,509
1,518
40
3,649
1, 439
1,427
51
5,276
1,611
1,619
43
6,666
1,394
1,390
47
6,824
1,575
1,565
57
6,742
1,659
1,665
52
6,747
1,584
1,594
41
7, 522
1,837
1,809
70
7,251
1,684
1, 668
51
r 6, 917
r
1.94E
r
1,944
5£
1,155
849
2,664
379
1,608
839
2,868
382
1,122
728
2,870
319
1,649
1,070
3,152
361
831
757
3,060
347
904
692
3,302
383
914
699
3,155
414
925
538
2,818
464
2,417
1,174
3,029 |
477
1,139
1, 026
2,743
419
«• 1, 38£
5,313
533
521
1,042
220
790
97
115
318
231
369
5,164
512
504
1,010
192
768
97
119
298
256
363
5,082
498
506
969
201
763
88
117
300
246
337
5,159
510
518
858
195
839
95
121
298
238
377
5,157
497
510
936
214
828
97
121
311
204
360
5,184
471
501
957
214
841
98
127
306
205
369
5,161
499
512
900
204
833
100
121
312
202
354
4,965
474
503
819
209
802
103
113
302
234
342
4,940
451
506
743
199
843
109
118
259
237
348
4,776
465
461
664
194
825
107
119
262
207
330
5, 63.
535
57*
73(
215
984
121
127
29(
28£
39C
.0425
.0420
.0362
.0327
.0317
.0312
.0358
.0375
.037.
135.1
53.5
199.6
123. 3
55.9
223.6
94.9
47.0
211.2
96.8
43.4
199.2
88.9
48.0
208.2
93.7
46.3
165.1
97.3
62.3
200.3
91.3
61.8
195. 8
3,207
NONFERROUS METALS AND PRODUCTS
Aluminum:
Price, wholesale, scrap castings (N. Y.)_ dol. per lb_.
Production:*
Primary
mil. o f l b . .
Secondary recovery
do
Aluminum fabricated products, shipments*
do
T
.0375
103.2
_^^_^^
.0425
.0425
155.6
60.9
218.3
152.9
59.9
221.2
132.8
55.9
1S7. 9
Revised.
H Beginning 1943 data cover virtually the entire industry.
GDesignated "tin plate" prior to the July 1944 Survey but included terneplate.
^Beginning July 1944 the coverage of the industry is virtually complete.; the coverage was about 97-98 percent for September 1942-June 1944 and 93 percent prior th ereto.
§ Beginning January 1945, percent of capacity is calculated on annual capacity as of Jan. 1, 1945, of 95,501.4*0 tons of open-hearth, Bessemer, and electric steel ingots and steel for
castings: data for July-December 1944 are based on capacity as of July 1, 1944 (94,050,750 tons) and earlier 1944 data on capacity as of Jan. 1, 1944 (93,648,490 tons).
I Of the 99 manufacturers on the reporting list for Jan. 1, 1942, 30 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 see note at bottom of p. S-31 in the September 1943 issue.
* New series. For a description of the series on scrap iron and steel and pig iron consumption and stocks and 1939-40 data, see note marked "*" on p. S-29 of the November 1942
Survey; later data are available on p. S 30of the April 1942 and subsequent issues. The new series on pig iron production 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 instead of long tons as indicated); see p. S-30 of the May 1943 Survey
for further information on this series and data for 1941-42. The new pig iron price, f. o. b. Neville Island, replaces the Pittsburgh price, delivered, shown in the Survey prior to the
April 1943 issue. For data beginning January 1942 on aluminum production see p. 24. table 6, of the June 1944 Survey. Data for aluminum fabricated products cover total shipments
of castings, forgings, sheet, strip, plate, rods, bar, and other shapes, and are available beginning January 1942; data for gray iron castings are based on reports of foundries accounting
for about 98 percent of tho total tonnage of the srav iron fastings industry for January-November 1943 and 93 percent thereafter. Both series are from the War Production Board.
(^Revisions for 1944 not shown above' January, 7,593; February, 7,194; March, 7,826.
SURVEY OF CURRENT BUSINESS
June 1045
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1944
1945
April
S-31
April
May
June
July
August
1945
September
October
Novem- December
ber
Januaiy
Febru- March
ary
METALS AND MANUFACTURES—Continued
N ON FERROUS METALS AND PRODUCTS—Con.
Bearing metal (white-base antifriction), consumption
and shipments, totalj
thous. of lb_.
Consumed in own plants
do
Shipments
do
Brass sheets, wholesale price, mill
.dol. per lb._
Copper:
Price, wholesale, electrolytic, (N. Y.)
dol. per lb_.
Product ion :cf
Mine or smelter (incl. custom intake)__short tons..
Refinery
_
.do
Deliveries, refined, domestic©*
do
Stocks, refined, end of monthcf.
-do
Lead:
Ore, domestic, receipts (lead content)c?
-do
Refined:
Price, wholesale, pig, desilverized(N. Y.). .do!, per Reproduction, totalcf
short tons.,
From domestic ored*
do
Shipments©"--do
Stocks, end of m o n t h s
do
Magnesium production:*
Primary
_
mil. of lb.Secondary recovery
do
Tin, wholesale price, Straits (N. Y.)
.dol. per lb._
Zinc, slab:
Price, wholesale, prime, Western (St.
Louis)
dol. per lb._
Production^ 1
short tons..
Shipmentsc?-...do
Domestlccf
do
Stocks, end of monthcf
do
5,792
1,282
4,510
.195
5,643
1,353
4,290
.195
4,774
1,154
3,621
.195
.1178
.1178
5,283
1,218
4,065
.195
5,161
1,229
3,932
.195
.1178
.1178
.1178
74, 585 92, 530 94,534
75,436 95, 280 98,580
161,111 156, 233 165,887
55, 453 38,382 37,074
89,070
93,958
141,139
42,467
86, 224
93, 650
121,898
48,050
5,336
1,204
4,133
.195
4,588
1,215
3,373
.195
.1178
.1178
82, 769 82,776
91,047
139,515 118,054
50, 991 51,412
5,300
1,129
4,171
.195
4,780
971
3,809
.195
.1178
.1178
82,653
76,466
89,068 87,145
126, 590 127,517
58,051
49,358
4,302
1,221
3,082
.195
5,439
1,314
4,125
.195
4,886
1, 113
3,773
.195
6,016
1,303
4,713
.195
.1178
.1178
.1178
.1178
76, 799 73, 754 67,496 r 76. 537
82,649 67, 726 69, 950 76, 395
156,800 145,904 172, 585 218,488
66, 780 59, 715 57,142 51,861
33, 925
35, 951
36,931
34, 255
29, 982
34, 873
31, 266
31,489
31,395
30, 498
33, 867
31, 046
34, 841
.0650
46,511
39, 725
44,179
33, 234
.0650
50,154
46, 258
44,690
39,830
.0650
45,903
42, 663
48,142
37,586
.0650
39, 755
34,413
43,485
33,847
.0650
40,471
33,434
42,966
31, 344
.0650
38, 436
35, 934
40, 884
.0650
38,614
35,717
43,586
23,911
.0650
42, 997
34,642
42,303
24, 595
.0650
42,842
36,112
43, 513
23, 915
.0650
46, 052
40, 264
50,420
19, 536
.0650
49, 099
45,463
40, 887
27, 738
.0650
46, 616
38, 699
44, 213
30,141
.0650
48, 029
39,077
47, 249
30, 909
6.4
2.8
.5200
37.8
2.3
.5200
34.3
2.8
.5200
29.4
2.1
.5200
30.1
2.0
.5200
25.0
2.8
.5200
18.5
2.7
.5200
16.6
2.8
.5200
12.5
2.1
.5200
8.5
1.8
.5200
7.7
2.5
.5200
6.0
2.1
.5200
6.7
2.8
.5200
.0825
. 0825
.0825
68, 223 80, 405 80,497
74, 356 75, 213 80,825
75, 213 80, 540
74,313
168, 539 217, 999 217,671
.0825
.0825
.0825
.0825
.0825
.0825
72, 947 71, 281 66,891 68, 781 67,432
73,067
65, 785 63,193 64, 295 65,150 67, 871 65, 559
65, 488 63,193 64.158 64,927 67, 820 65,519
224, 953 234, 707 241, 693 243, 434 244,344 246, 217
.0825
.0825
. 0825 .0825
70,035
70, 492 64, 723 71,739
78, 732 92,453 82, 855 94,494
78,710
89,949 82, 650 94, 296
237, 520 215, 559 197, 427 174, 672
MACHINERY AND APPARATUS
Blowers and fans, new orders
thous. of dol..
Electric overhead cranes :§
553
Orders, new
do
3,884
Orders, unfilled, end of month
do
783
Shipments
do
Foundry equipment:
New orders, net total
1937-39 =100. __
385.7
325.0
322.2
New equipmentdo
232.0
610.1
653. 5
Repairs
...do
Fuel equipment and heating apparatus:
Oil burners.®
Orders, new, net
number.. 12, 859
4,471
Orders, unfilled, end of month
do
53,086
12,483
Shipments
..do
5,080
9,488
Stocks, end of month
do
22, 576
7,177
Mechanical stokers, sales:!
2,193
Classes 1, 2, and 3.
...do
5,737
Classes 4 and 5:
252
Number . _
257
Horsepower.
_
49,042 52,299
Unit heaters, new orders
thous. of dol_.
Warm-air furnaces (forced air and gravity flow),
shipments*
number.
25, 617 17, 526
Machine tools:*
Orders, new, net
do
17, 603 55, 247
Orders, unfilled, end of month
_,do
287, 920 167, 232
40, 331 41,370
Shipments
do
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units,. 23, 808 35,897
241
Power pumps, horizontal type
do
429
Water systems, including pumps,
do
26,992 26,726
Pumps, steam, power, centrifugal, and rotary:
3,912
Orders, new
thous. of dol..
3,237
13, 370
11,780
10,195
766
3,841
810
822
4,032
630
473
3,837
663
680
3,796
700
522
3,714
598
1,146
4,579
597
518
4,292
795
602
4,226
683
889
4,530
581
807
4,738
599
503.9
477.0
466.1
426.8
604.8
375.8
327.5
546.4
450. 5
416.3
571.4
388.0
336.5
569.7
526. 5
504.0
605.9
369.5
301.7
609.4
397.4
351. 7
558.4
422.4
362.2
634.7
465.3
423.5
612.9
4,970
12,200
5, 253
21,419
7,049
12, 630
6,619
20,192
5,653
13,341
4,942
18,996
7,162
14,443
6, 060
17, 802
5,988
13, 835
6,596
16.061
9,029
14,398
8,466
13,110
15,866
22, 441
7,823
12, 679
12,326
27, 214
7,553
11,221
14, 268
39, 331
9,007
8,997
2,515
3,235
3,293
4,368
3,996
5,183
4,768
4,849
5,091
4,914
279
51, 737
352
57, 007
2,591
370
70, 453
474
83, 689
406
70, 854
3,848
418
74,188
362
63, 288
380
70, 390
4,653
228
44, 322
219
43,075
21,051
22.637
21,022
25,101
27,193
28, 684
28, 26-
22,146
23, 739
22, 401
49, 558 31,889 41.079
194, 450 191, 295 196, 760
41,471
32, 753 35,177
33,152
194,125
35,889
59,922
185,746
41,819
604.7
586. 8
667.8
13,618 ' 14, 578
43,749 r r49, 715
7,965 r 9, 863
8,109
7, 583
r
r
6, 491
344
72, 248
3,778
28, 285
57,206
58,706 62, 504 58,619 58, 024 ' 47, 614
213,675 235,396 260, 880 281,252 302,612 310,233
37, 516 36, 277 36, 784 37, 353 36, 018 r 40,045
36, 701
300
25, 299
29, 988
262
28,126
26,671
409
30,142
32,050
418
25,561
22,494
292
23, 865
31, 229
354
32,171
29,843
392
29,040
22,838
248
20, 427
4,815
3,096
3,497
4,175
3,635
4,016
2,207
2,242
3,579
3,326
3,284
32, 955 26, 279 31,408
773
476
556
29,086 ' 27, 911 r 30, 993
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement only),
number*
thousands. 1,158
Electrical products:f
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
5,671
Motors (1-200 bp):
Polyphase induction, billings
do
Polyphase induction, new orders
do
Direct current, billings
do
Direct current, new orders
do
Rieid steel conduit and fittings, shipments..short tons.. 10, 300
Vulcanized fiber:
Consumption of fiber paper
.
thous. of lb__
4, 094
Shipments
thous. of dol..
1,284
T
1,297
1,324
1,857
1,934
1,741
1,635
1,450
1,158
1,239
404
311
393
434
408
346
338
365
387
416
351
314
357
242
340
432
371
352
380
^393
414
398
16,011
1,055
5,895
20, 608
1,328
5,727
11,156
810
5,861
11, 743
843
4,921
12, 781
1,005
5,519
8,094
711
4,936
6,970
688
5,006
9,531
927
4,854
323
328
6,152
491
4,779
10, 653
870
5,546
11,193
883
5,666
15, 904
1,741
6,085
5,940
5,532
7,190
5,417
7,747
6,199
6,378
6,654
9,907
7,904
5,557
5,935
6,994
6,602
8,395
5,048
6,221
6,385
7,042
7,967
6,005
7,133
6,839
5,803
8,531
5,420
4,899
6,533
6,743
8,173
5, 675
5, 402
6,372
2,992
8,838
5,965
5,210
6,190
9,293
8,811
6,677
7,490
6,010
3,933
9,266
5,073
6,200
4,730
4, 575
11, 276
5,911
6, 535
5,231
4,343
14,141
6,168
6, 639
5, 515
4,777
9,842
4,181
1,218
3,953
1,240
4,273
1,276
3,773
1,079
4,184
1,174
4,130
1,156
4,416
1,275
4,038
1,170
3,845
1,149
3,901
1,166
3, 825
1, 272
4,407
1,428
1,485
Revised.
fThe total and the detail cover 59 manufacturers; see March 1944 Survey for comparable data for 1942.
cfFor data beginning January 1942 for the indicated copper, lead, and zinc series, see p. 24, table 6, of the June 1944 Survey.
§ Revisions in unfilled orders for April-July 1942 are available on request; data cover 8 companies beginning March 1943.
©1944 data based on reports of 124 manufacturers (see note in April 1945 Survey); 20 of these reported no production, shipments, orders, or stocks in 1945.
^Of 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.
*New series. For magnesium production beginning January 1942, see p. 24, table 6, of the June 1944 Survey. The series on automotive replacement battery shipments represents
estimated industry totals compiled by Dun and Bradstreet: data beginning 1937 are available on request. For 1940--41 and early 1942 data for machine tool shipments see p. S-30 of
the November 1942 Survey: for new and unfilled orders for 1942 and the eariy months of 1943, see p. S-31 of the August 1944 issue. The data for machine tools cover virtually the entire industry through June 1944; thereafter, reports were no longer requested'from 150 small companies which formerly accounted for about 4 percent of total shipments. The new series
on shipments of warm-air furnaces, which replaces the new orders data formerly shown, is compiled by the Bureau of the Census from reports to the War Production Board by 126
manufacturers accounting for almost the entire production; shipments for January and February 1944, the earliest data available, 23,418 and 21,699, respectively.
series. The index for motors and generators includes an adjustment for cancelations reported through December 1944; data for all years for this index and the index for
Digitized forfRevised
FRASER
insulating materials, as published prior to the April 1945 Survey, have been revised; revisions are available on requesu.
S-32
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
April
June 1945
1944
1945
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
PAPER AND PRINTING
WOOD PULP
Production :f
Total, all grades
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Ground wood
Stocks, end of month:\
Total, all grades
Bleached sulphateUnMenched sulphate
Blenched sulphite
Unbleached sulphite
Soda
Groundwood
short tons..
do
do
do
...do
do
do
-do
do
do
do
do
do
...do
793,
70,
306,
128,
69,
36,
138,
752, 721
61, 070
290,633
121,638
' 72, 226
' 34, 036
134,948
808,983
64,365
319,009
131,435
75,925
35, 530
139,677
78,
5,
7,
12,
'81,351
5,265
7,751
r
14,485
' 9,163
r 2, 161
r
40, 487
91,052
5,084
9,794
16,113
9,183
1,925
46,347
i
39,
795,840 | 743,904
69,222
66, 617
323,855 308,015
129,165 117,376
63,141
73,124
30, 591
35, 306
125, 599 112, 241
833, 433
69,071
341,152
138,404
73,329
36, 500
125,443
775, 530
64,872
316,288
127, 017
68,167
34, 211
119,011
844, 288
73,484
339, 840
137, 247
72, 594
37, 356
134,858
819, 376
72,190
327, 587
130,481
71, 720
36,523
135, 584
734, 987
65,811
276,294
122, 264
67,367
35,188
128, 253
82, 281
5,350
8,606
12,849
9,246
2,216
41,560
72.561
4,040
10, 704
12, 378
8,536
1,886
32,075
66,643
4,734
10,162
11,717
8,971
2,122
26, 344
64, 780
5, 276
8,717
11,989
8,529
2,468
24, 351
66, 552
5,306
8,690
12, 505
9,225
1,945
25,002
66,844
4,162
10, 645
12, 360
8,169
2,336
25, 580
88, 204
3,966
9,751
14,131
10,126
2,027
46,158
801,024 739, 570
70, 099 ' 67, 705
302,599 283,144
134,182 122,489
65,429
74,908
34, 004
36,984
136,861 124,587
r
75, 955
7,211
9,471
12,998
10,015
2,854
29, 718
72, 207
5,212
9,094
11,894
8,499
3,648
31,090
PAPER AND PAPER PRODUCTS
All paper and paperboard mills (U. S. Bureau of the
Census) :*
Paper and paperboard production, total...short tons.Paper
do
Paperboard
do
Paper, iexcl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new
short tons..
Production
do
Shipments.
-do
Fine paper:
Orders, new
.do
Orders, unfilled, end of month
do
Production
do
Shipments
...do
Stocks, end of month
do
Printing paper:
Orders, new
do
Orders, unfilled, end ®f month
do
Production
do
Shipments..
do
Stocks, end of month...
do
Wrapping paper:
Orders, new..
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Book paper, coated:
Orders, new
percent of stand, capacity..
Production
do
Shipments
do
Book paper, uncoated:
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..
.„.„
short tons..
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers
_.do
In transit to publishers
do
Paperboard (National Paperboard Association) :t
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
Paper products:
Shipping containers, corrugated and solid fiber, shipments*
mil. sq. ft. surface area..
Folding paper boxes, value:*
New orders
.1936=100..
Shipments
do
1,424,710
671,136
753, 574
,402,383 1,484,667 1,460,305 1,326,206 1,518,922 1,421,869 1,501,175 1,464,762 1,328,965 1,443,310 1,325,247
657, 571 703, 610 6S0,840 621, 394 720,152 679,898 715,566 699,872 655,550 696,984 639,477
744, 812 781, 057 769, 465 704, 812 798, 770 741, 971 785, 579 764,860 673,415 746,326 685, 770
514,603
527,817
534,164
p
535,046
566,863
561,519
541,318
555,732
573,946
495,761
495,226
489,987
567,268
582,877
580,379
541,544 583,179 535,120
' 545,247 • 579,085 564, 717
551,964 • 571,262 566,418
r
82,168
148,352
78,017
' 80, 954
r
43,572
'73,010 ' 79,192 r 75, 015
137,272 136, 946 145,868
' 82, 834 79, 709
69, 941
r 80, 346 84,115 ' 68, 282
r 44, 816 ' 40, 675 '44,170
' 78,331 86,106 ' 96, 447 ' 78, 520
140,650 139,164 151,863 144,537
81,931
85, 959
87, 432
85, 970
83, 840
89, 039 ' 87, 656
'83,914
42, 817 ' 41, 269
' 45, 796 42, 955
170,414
147,365
167,605
168,118
' 53, 454
174,088
146,152
175,980
177,417
' 52, 484
153,024 142,565
133,592 132,904
168,098 146,031
169,560 145,636
' 49, 755 '51,022
186,100
151,756
179,078
175,081
' 54, 808
• 160,533
147,125
• 167,223
• 169,812
' 52,148
• 169,203
• 143,812
• 173,069
171,929
' 53, 565
195,662
196,015
195,835
199,678
' 62, 352
206,671
• 185.416
• 216,847
• 210,306
'65,611
216,870
188,512
218,969
• 225,720
' 62,430
206,675
203,012
197,810
192,141
r
67,964
223,754
195,169
228,478
229,933
' 64,161
• 218,068
194,213
•210,978
• 212,406
' 62,105
"224,213
•202,187
• 226,253
• 219,722
' 70, 292
51.9
57.0
56.5
48.8
46.2
47.6
53.3
55.7
53.6
55.8
54.7
55.1
56.0
55.3
57.5
76.4
82.2
77.5
73.7
70.1
7.30
81.8
81.8
7.30
80.1
81.1
7.30
78.1
78.4
7.30
79.5
80.0
7.30
71.1
71.5
245, 429
263,754
89,956
236, 353
256, 543
110,964
262,467
276,054
97,377
246,864
268,213
76,028
203, 234
61.00
59, 757
58,942
201,136
58.00
54, 636
66,103
197,427
58.00
60,909
62,319
6,133
243,643
47,985
8,326
268,648
46,933
668,913
546,311
653, 605
393,395
187, 459
51.3
52.3
54.4
565,495 623,564 524,368
526,309 • 563,920 515,220
530,948 • 554,383 521,355
100,100
159,622
' 79, 669
' 80,371
' 40, 313
r 96,150
• 171,475
' 85, 670
' 84, 614
r
43, 781
'74,810
166,451
' 77,556
' 77, 970
' 42, 543
• 165,532
• 130,962
172, 273
172,873
'51,446
171,885
144,231
162,936
163,224
r 53, 329
• 206,665
•154,712
• 172,189
• 170,364
' 55, 542
158,154
154,129
157,380
160,561
' 50,962
204,435
• 184,563
218, 007
218,303
' 67, 558
'206,392
197,146
199,132
• 204,495
' 67, 572
• 228,665
• 217,040
•215,582
• 207,778
' 74, 521
207,055
229,969
197,267
200,321
r
73,120
57.2
53.4
55.7
52.7
56.5
57.7
53.6
61.7
56,3
52.2
54.2
50.6
56.7
52.4
57.4
53.0
55. 6
57.9
80.4
78.8
80.3
80.4
81.6
80.7
83.2
7.30
81.3
79.7
7.30
80.7
7.30
80.3
80.2
7.30
84.2
83.0
7.30
78.3
77.7
7.30
76.3
76.8
7.30
79.8
80.7
244,406
249,979
70,455
262, 695
274, 706
58, 444
244, 209
252,928
49, 725
258, 301
262,998
45,028
256, 762
259,409
42, 381
244, 970
230, 780
56, 571
264, 766 239,661
232,110 217, 220
89, 227 111,668
191,077
58.00
61,106
60,648
174,866
58.00
59,875
59, 946
182, 432
58.00
60, 631
61,217
189,612
58.00
61, 529
61,069
218,137
58.00
61, 994
62, 537
211, 572
58.00
62, 546
61,697
205,952
58.00
61,169
61,295
185,193 175, 062
58.00
58.00
60, 381 58, 228
60,120
59, 095
6,916
275,809
50,636
7,374
300,070
46,388
7,303
325,365
44,336
6,717
342,122
46, 642
7,177
345,049
51,997
6,634
332,393
46, 575
7,483
325,112
49,256
7,357
296, 784
45, 496
7,618
272,897
50,160
6,751
259,147
53,740
634, 593
601,880
626,877
695, 585
599,322
697,674
96
635, 256
544,454
673,808
96
645,895
570,626
608,458
85
683,881
549,114
708,973
96
605, 367
482, 896
654,104
93
704, 746
486, 882
680, 288
95
651,974
484,811
672, 212
95
610,859
471, 289
596, 214
85
733,751
565,064
652, 913
91
620,084
558,285
603,191
95
375, 794
122, 634
411,870
122,779
389,217
129,777
344,457
157,290
406,115
164, 211
378, 499
174, 556
398, 559
186,949
487,039
187,697
353,103
393, 004
164, 576
353, 704
163,918
3,872
4,078
3,756
4,316
4,105
4,271
4,078
3,858
4,231
3,813
299.3
262.8
247.6
248.4
258.4
262.4
241.2
260.3
201.2
228.4
256.4
267.6
223.3
261.1
261.2
276.1
266.0
271.7
281.0
257.2
322.4
272.5
281.0
250.6
653
462
191
721
588
133
610
524
538
432
106
562
462
100
461
397
64
656
544
112
491
428
63
555
114
651
552
99
487
398
89
392
346
46
PRINTING
Book publication, total
New books.
N e w editions.
no. of editions..
.do
do
'Revised.
JFor revisions for 1942 and the early months of 1943, see note for paperboard at bottom of p. S-35 of the July 1944 Survey.
{Computed by carrying forward March 1943figureson the basis of percentage changes in data for 59 identical companies reporting to the National Paperboard Association.
fRevised series. Revised wood pulp production data beginning 1940 and sulphite stocks for all months of 1943 are shown on page 20 of December 1944 Survey; revised 1942 stock
figures for all series are on pp. 30 and S-31 of the June 1943 issue. The data exclude deflbrated, exploded, and asplund fiber. The paper series from the American Paper and Pulp
Association beginning in the August 1944 Survey are estimated industry totals and are not comparable with data shown in earlier issues; there have been further small revisions in
the data as published prior to the present issue; revisions for 1943 and January-March 1944, together with earlier data, will be published later.
•New series. The new paper series from the Bureau of the Census cover production of all mills including producers of building paper and building boards; for comparable 1942
monthly averages and data for the early months of 1943, see p. S-32 of the August 1944 issue. For data beginning 1934 for shipping containers and a description of the series, see p.
20 of the September 1944 Survey. The indexes for folding paper boxes are from the Folding Paper Box Association, based on reports of members accounting for around 50 percent of
the industry totals; earlier data will be published later.
SURVEY OF CURRENT BUSINESS
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
S-33
1944
April
May
June
July
August
1945
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.No. of days' supply..
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
.do
Prices, composite:
Retail (35 cities)
....dol. per short ton.
Wholesale:
Mine run
..do
Prepared sizes.
...do
Production!
thous. of short tons.
Stocks, industrial and retail dealers, end of month,
total
thous. of short tons..
Industrial, total
_
..do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
_
do
Railways
y (class
(
I))
do
o
S
Steel
t l and
d rolling
lli mills i
l
l
do
d
Other industrial
do
Retail dealers, total
do_
13. 88
11.433
5,307
14.04
11.527
5,202
13.96
11.574
5,848
13.85
11.435
5,623
13.84
11.419
4,962
13.84
11.419
5,623
13.84
11.419
5,443
13.85
11.419
5,603
13.86
11.424
5,088
13.86
11. 430
4,570
13.87
11.430
4,195
14.00
11.430
4,445
277
16
334
11
353
15
348
15
378
18
413
22
442
20
462
22
492
25
445
19
322
11
289
10
43,983
36.184
585
7,454
281
129
5,909
10, 592
850
10, 384
7,799
198
47,411
37, 753
962
7,925
254
133
5,632
11,204
879
10, 764
9,658
231
44,260
36, 746
1,006
8,134
293
126
5,847
10,834
829
9,677
7,514
257
43,072
35,295
958
7,778
311
112
6,167
10,230
778
8,961
7,777
248
43,171
35,254
944
7,967
316
117
6,414
10, 248
780
8,468
7,917
228
46, 585
36,958
896
7,978
358
115
7,046
10,445
831
9,289
9,627
252
45,710
35,967
805
7,606
336
121
6,657
10,095
807
9,540
9,743
233
49, 516
39,003
822
7,985
364
128
6,754
10,940
8b7
11,143
10, 513
235
49,684
39,644
759
7,748
360
129
6,824
10,714
908
12,202
10,040
229
55,186
41,813
632
7,984
352
138
7,066
11, 758
1,022
12,861
13, 373
204
59, 082
42, 780
714
7,934
296
145
7,119
12, 014
1, 0S0
13, 478
16, 302
239
13.98
11. 430
r 5, 238
285
13
52, 549 51,693
38, 252 • 39, 583
708
'828
7,216
8,060
245
265
133
138
6, 210 ' 6,187
10, 749 •11,407
942
938
12,049
11,760
14, 297 12,110
214
239
10.34
10.24
10.27
10.28
10.29
10.31
10.31
10.31
10.32
10.33
10.33
10.35
10. 36
5.241
5. 513
43, 350
5.246
5.503
49, 510
5.242
5.508
53,930
5.239
5.510
52,712
5.238
5. 512
5.239
5.514
54,177
5.237
5.509
50, 480
5. 237
5.509
51,813
5.237
5.516
50,819
5.237
5.516
45, 774
5.237
5.513
52, 200
5.237
5.513
46,900
5.237
5.513
52, 360
43,819
39, 867
4, 456
416
167
12, 377
9,508
695
12, 248
3,952
50, 513
46,874
5,930
475
193
14,802
10, 250
758
14, 466
3,639
55, 293
50, 591
5,892
472
205
15,713
11, 737
761
15,811
4,702
59,680
54,259
6,152
491
206
16, 457
13, 329
785
16,839
5,421
61,413
55, 537
5,711
508
216
16,965
13, 797
811
17, 529
5,876
63, 909
58, 233
5,928
537
239
17, 505
14,633
775
18,616
5,676
64,905
59,150
6,174
550
250
17, 773
14, 773
791
18,839
5,755
65, 074
59, 256
6,397
592
243
17, 962
14,691
796
18, 573
5,818
64,020
58,330
6,737
582
261
17,671
14,427
783
17,869
5,690
57, 204
52, 470
6,112
538
243
16, 305
12, 918
701
15, 653
4,734
49, 465
46,127
5,695
494
214
14,098
11,312
665
13, 649
3,337
45,773 r 45, 495
42, 643 '41,839
5,610
5,452
441
448
189
175
12, 916 12,519
10,189 ' 9, 965
725
666
12, 562
12,625
3,656
3,130
7.000
7.000
7.000
7.000
7.000
7.000
7.000
7.000
7.000
7.000
7.000
7.000
7.000
374
5,227
••613
5,545
137
644
5,691
145
614
5,437
135
605
5,627
158
574
5,633
158
516
5,377
155
527
5,635
181
5,471
164
'405
5,603
172
457
5,576
181
454
5,060
163
'531
5,646
172
633
429
204
685
535
149
166
756
569
186
141
784
554
231
127
921
589
332
130
596
390
116
565
430
116
1,040
586
454
137
509
162
1,149
655
494
187
913
609
304
174
779
584
195
131
677
499
178
125
132, 330 139,537 139,937
1.110
1.110
1.110
133, 593 141, 293 137,251
91
92
95
143,434 143,047
1.110
1.110
141, 287 145,296
96
95
140,453
1.110
142,989
95
143, 720 140,045
1.110
1.110
146, 938 142,404
94
94
145,125 145, 071 134,882
1.110
1.110
1.110
145, 282 147,186 133,238
95
93
96
146,285
1.110
148,758
94
234,694 235,176 229,631
51, 625 50, 407 50,190
169, 574 171,467 166,227
13, 495 13,302 13,214
6,473
6,254
6,118
953
1.033
1,177
223, 503 223,901
48,895
50,150
160,938 160,162
13, 670 13,589
6,186
6,291
1,098
1,200
222,868
48.919
160,216
13,733
223.500 222,759 220, 663 221, 737 220,221 223,988
50,323 49,039 ' 48, 377 49,620
48, 609 51,904
159,447 159,582 158,181 157,808 157,449 157,755
13, 730 14,138
14,105
14,329
14, 309 14,163
6,487
5,567
6,482
6,107
6,026
5,791
1,235
1,194
1,154
1,099
1,022
1,024
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_..
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills) t
thous. of bbL
Price (Kansas-Okla.) at wells
dol. per bbl.
Production!
thous. of bbL
Refinery operations.
pet. of capacityStocks, end of month:
Refinable in U. S.f
thous. of bbl.
At refineries
do
At tank farms and in pipe lines
do...
On leases!
.do
Heavy in California
.do...
Wells com pletedt
number.
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plants!
thous. of bbl.
Railways (class I)
.do
Price, fuel oil (Pennsylvania)
dol. per gal.
Production:
Gas oil and distillate fuel oil
thous. of bbl.
Residual fuel oil.
do
Stocks, end of month:
Gas oil and distillate fuel oil
do
Residual fuel oil
do
Motor fuel:
Prices, gasoline:
Wholesale, refinery (Okla.)
dol. per galWholesale, tank wagon (N. Y.)
do..,.
Retail, service stations, 50 cities.
do
Production, totalf
thous. of bbL.
Straight run gasoline
do
Cracked gasoline.
do
Natural gasoline and allied products J!_
do
Used at refineries!...do
Retail distribution
mil. of gal..
1.110
1,379
".~066
.059
.161
.146
1,357
1,490
8,095
.066
1,516
7,956
.066
1,640
7, 579
.066
1,530
5,496
.066
1,505
7,970
.066
1,650
7,750
.066
1,746
8,284
.066
1,825
8,314
.066
2,012
8,863
.066
2,148
8,488
.066
' 1, 698
7,726
1,570
8,571
.066
19,604
37,281
21, 215
38,026
20,028
37,902
21,316
38,332
20,593
37,291
19,110
37,903
21,697
39, 322
18,870
39,370
19,058
41, 278
20,556
41, 862
20, 267
37,141
20,934
39,471
30,152
44,137
32,484
44,682
35,242
46,649
38, 335
50,589
40,712
53,506
43,687
57,849
47, 352
57,420
45, 584
55,643
38, 333
50, 383
31, 695
44, 347
27, 210
39,760
26,729
35, 451
.060
.161
.146
58,384
21,185
30,492
8,028
5,012
1,979
.060
.161
.146
.060
.161
.146
61,719
22, 510
31,959
8,387
5,429
2,305
.060
.161
.146
63, 480
22, 748
33,062
8,767
6,165
2,163
.059
.161
.146
64,064
22, 655
33,769
8,792
6,084
2,264
.059
.161
.146
.059
.161
.146
65, 514
24, 421
33,190
9.090
b,020
2,194
.059
.161
.146
64,842
24,019
33,055
9,024
6,109
2,155
.059
.161
.146
65,800
24, 081
34,020
9,197
6,008
2,076
.059
.161
.146
66,662
24, 267
34, 262
9,843
6,380
^2,135
.059
.161
.146
63, 503
23, 733
32, 255
8,993
5,457
1,891
.059
.161
.146
67,955
25,037
34,655
9,763
6,138
61,191
22, 352
31, 510
8,477
5,198
2,235
63, 674
23,827
32.283
8,648
5,799
2,223
r
!
Revised.
Stocks on new basis comparable with 1945 data; see March 1945 Survey for December 1944 figures comparable with earlier months
§ See note marked " § " on p. S-33 of the March 1945 Survey. For revisions for 1941-42 see p. S-33 of the August 1943 Survey and p. S-34 of the July 1944 issue, respectively.
^Includes production of natural gasoline, cycle products, and liquefied petroleum gases at natural gasoline plants and, since the beginning of 1942, benzol. Sales of liquefied petroleum gases for fuel purposes and transfers of cycle products are excluded from these figures before combining the data with production of straight run and cracked gasoline to obtain
total motor fuel production. Separate figures through February 1944 for the items excluded are given in notes in previous issues of the Survey; March 1945 data are as follows: Sales
of liquified petroleum gases for fuel, 1,414,000 barrels; transfers of cycle products, 86,000 barrels.
fRevised series. For source of 1939-41 revisions for bituminous coal, see note marked "f" on p. S-32 of the April 1943 Survey; revisions for 1942-43 are shown on p. S-33 of the
April 1945 Survey. For 1941 revisions for the indicated series on petroleum products, see notes marked "f" on p. S-33 of the March and April 1943 issues (correction for crude
petroleum production January 1941, 110,683), and for revised 1942 monthly averages, see note marked "f" on p. S-33 of the July 1944 issue; 1942 monthly revisions and revisions for
1943 are available on request. Revised March 1944 figure for wells completed, 974.
S-34
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
1945
April
June 1945
1944
April
May
June
July
August
1945
September
October
Novem- December
ber
January
February
March
PETROLEUM AND COAL PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products—Continued.
Motor fuel—Continued.
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbL.
At refineries
do
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 bbLStocks, 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..
Smooth-surfaced roll roofing and cap sheet___do
Mineral-surfaced roll roofing and cap sheet...do
Shingles, all types
do
76,638
51,830
11,735
4,213
74,519
49,047
12,193
4,436
70,246
45,468
11,738
4,477
68,921
43,639
11,581
4,425
66, 542
41, 752
11, 924
4,211
64,914
40, 608
12, 072
4,141
65,886
42.145
12,388
4,160
68,107
43,527
12,467
4,334
73, 622
48, 217
13,208
1 4, 451
78,877
53, 210
12, 789
4,160
85, 473
59, 635
11,984
4,618
.074
.074
6,489
4,142
.074
6,710
4,969
.074
6,246
5,949
.074
6,277
6,665
.074
6, 358
7,583
.074
6,339
7,985
.074
6,515
7,847
.074
6,505
6,977
.074
6,461
5,765
.074
6,614
4,674
.074
6,291
4,181
.160
.160
3,273
.160
3,337
7,771
.160
3,453
7,590
.160
3,364
7,426
.160
3,356
7,169
.160
3,458
7,364
.160
3,672
7,452
.160
3,587
7,562
.160
3,581
7,815
.160
3,504
7,796
.160
3,062
7,641
455, 500 598.900 690,700
852, 200 889, 500 844,600
3,691
1,365
1,C89
1, £37
76,440
94,080
65, 520
60,480
91,560
3,928
1,368
1,160
1,400
4,134
1,337
1,196
1,602
3,976
1,197
1,157
1,622
711, 600 800. 200 750, 400 677, 600 553, 600 481,100 471, 200 420, 900
735,600 590,000 495,100 465,800 534,400 626, 200 730, 000 808, 200
63,560 64,120
62,160 67,480 63,560 67, 200 71,960 64.960
93,800 96, 040 94,920 96,880 94,920 93, 800 88,480 86,240
3,624
4,216
4,004
4,192
4,116
3,662
3,799
3,879
1,133
1,318
1,099
1,173
1,295
1, 573
1,518
1,456
1,200
1,035
1,194
1,221
1,215
995
1,082
943
1,699
1,711
1,457
1,606
1,279
1,231
1,797
1,263
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams.. 152,959
144,198
142, 604 123, 538 114,484
128, 464 117, 325 128,272
122,485
122, 517
117, 087
132, 499
8,304
42
7,380
16,993
4,856
7,387
36
4,595
19, 863
5,329
6, 379
31
4,873
21, 367
5,739
5,371
29
4,574
22.171
6,023
13. 939 14.008
14.095
14.159
14.109
14. 586 14.830 15. 059
139,288 155, 065 157,357 157,870 176,585 164, 682 185, 573 174,069
151,128 181,649 179,104 177,815 198, 845 183, 078 206, 368 183,506
379,011 355, 727 335, 347 312,176 293,616 272,569 261,743
15.055
151,426
134,374
277,884
15. 259
142, 206
136,992
281, 111
15.377
131,504
127, 287
285, 795
7,667
114.3
7,390
476
2,246
457
919
866
1,545
586
266
8,031
PORTLAND CEMENT
Production
Percent of capacity
Shipments..
Stocks, finished, end of month...
Stocks, clinker, end of month
-thous. of bbl__
-thous. of bbl_-do
do
7,084
36
7,894
20, 778
5,968
6,463
32
7,373
24,080
6,687
7,181
35
8,784
22,455
6,378
7,906
40
9,350
21,008
6,172
8,516
41
9,283
20,233
5,577
9,003
44
10, 758
18, 482
5,287
8,739
44
10,121
17,144
5,066
9,194
45
10, 263
16,049
4,862
CLAY PRODUCTS
Brick, unglazed:
Price, wholesale, common, composite, f. o. b. plant
dol. per thous..
Production*
thous. of standard brick..
Shipments*
do
Stock? end of month*
_
do
15.347
GLASS PRODUCTS
Glass containers:!
Production
thous. of gross.
Percent of capacity
Shipments, total
thous. of gross..
Narrow neck, food
do
Wide mouth, food
.do
Pressure and nonpressure
do
Beer bottles.
do
Liquor ware
do
Medicine and toilet
.do
General purpose
do
Milk bottles.
-do
Home canning
..-do
Stocks, end of month.
do
Other glassware, machine-made: t
Tumblers:
Production
thous. of doz_.
Shipments
do
Stocks
do
Table, kitchen, and household ware, shipments
thous. of doz..
Plate glass, polished, production^
thous. of sq. ft..
Window plass, productiond"1
thous. of boxes..
Percent of capacity cf
8, 763
654
2,331
652
1,016
724
2,114
684
289
299
4,413
8,582
127.9
8,393
546
2,236
720
935
725
1,837
735
211
448
4,793
127.1
8,766
552
2,415
679
982
785
1,806
915
239
394
4,710
8,966
128.5
8,431
594
2,106
679
1,061
695
2,008
728
251
309
4,947
8,075
120.4
7,784
624
1,909
657
871
738
1,785
708
251
241
5,082
8,692
120.0
8, 514
809
2,179
611
811
891
1,963
700
271
278
5, 097
7,737
115.4
7, 522
894
1,873
497
661
904
1,640
642
251
159
5,164
4,944
5,276
5,178
5,512
4,854
7,603
5,912
5,851
7,600
4,679
5,254
7,063
5,120
5,434
6,752
7,027
6,591
7,077
3, 050
8,489
2,005
8,079
2,311
9,391
2,014
9,265
2,301
8,246
3,202
9,746
8,524
8,601
123.3
8,187
2,287
536
749
947
1,908
697
247
41
5,394
7,967
118.8
7,787
529
2,310
508
874
908
1,732
652
242
32
5,346
5,097
8,071
521
2, 339
569
1,032
863
1,823
593
268
63
5,361
6, 561
6,290
7,148
5,860
5,024
7,286
4,697
4,481
7,376
4,657
4,606
7,385
3,682
4,324
5, 978
3,220
3,979
5,000
2,820
9,046
3,353
9,105
3,271
7,619
2,901
7,013
2,705
8,915
2,311
7,363
29
7,304
r
r
7, 425
572
2, 057
r
490
••917
823
1, 694
523
265
85
5,359
GYPSUM AND PRODUCTS
Gypsum, production:
936, 423
980,401
Crude
short tons._
917, 395
593,985
552, 394
Calcined
do
588, 878
Gypsum products sold or used:
308, 302
260,867
Uncalcined
do
248,199
Calcined:
For building uses:
142,655
Base-coat plasters
._
_do
115, 507
140,775
2,932
Keene's cement
.do
3,671
3,379
65,282
All other building plasters
do
54,289
48,491
152, 748
Lath
thous. of sq. ft_.
165, 030
146,133
3,553
Tile.
do....
4.105
3,929
361,418
338, 527
364, 575
Wallboarde.
do....
47,
566
53, 571
Industrial plasters
short tons..
54,947
r
Revised.
i See note 1 p. S-33.
f According to the compilers, data represent approximately the entire industry.
^Collection of data temporarily discontinued.
©Includes laminated board reported as component board; this is a new product not produced prior to September 1942.
JData for 1945 are partly estimated.
fRevised series. See note marked "f" on p. S-34 of the July 1944 Survey regarding changes in data on glass containers and comparablefiguresfor 1940-42; beginning January 1945
data are compiled by War Production Board. Data on asphalt prepared roofing cover all known manufacturers of these products and are total direct shipments (domestic and export); shipments to other manufacturers of the same products are not included; for data for September 1943-January 1944, see note at bottom of p. S-23 of April 1945 Survey.
•New series. Data are compiled by the Bureau of the Census and cover all known manufacturers; data beginning September 1942 are shown on p. 24 of the February 1945 issue.
SURVEY OF CURRENT BUSINESS
June 1945
Unless otherwise stated, statistics through 1941
and descriptive notes m a y be found in the
1942 Supplement to the Survey
1945
April
S-35
1945
1944
April
May
June
DecemAugust SeptemOctober November ber
ber
July
January
February
March
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Shipments
...do...
Stocks, end of month
_
do___
11,977
12,603
15, 496
10, 432
10, 901
14, 672
12, 361
12, 389
14,645
795, 379 836, 541
.208
.213
760,740
.209
849,945
.202
11,697
12,118
16,122
11, 650
11, 761
16,961
12,763
12, 657
16,942
12,126
11,974
16, 970
10,052
9,982
17, 040
12,767
12,966
16,840
11,466
11,764
16, 542
775,617
.202
832,812
.198
805,823
.202
723,402
.203
841,490
.202
793,086
.210
.210
.210
.215
.216
.214
.214
.216
.214
.216
.217
48
576
3,985
8,282
10, 274
10, 538
11,118
11,144
11, 398
14, 391
11, 806
12, 263
13, 934
COTTON
Cotton (exclusive of linters):
Consumption
_
bales.. 769, 678
.202
Prices received by farmersf
dol. per lb_.
Prices, wholesale, middling 'Me", average,10 markets
.221
dol. per lb_.
Production:
Ginnings§
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales..
Stocks, domestic cotton in the United States, end of
month::}:
Warehouses
thous. of bales. 10, €85
2,143
Mills
do....
Cotton linters:
126
Consumption
do
Production
_
_
_
.do
Stocks, end of month
...do
781, 559 857, 693
.202
.200
.218
.216
1
1
11,839
12, 230
10, 205
2,165
9,515
2,054
8,788
1,931
8,221
1,820
7,872
1,662
9,703
1,672
11,926
1,927
13,122
2,162
13,343
2,269
12,941
2,244
12,359
2, 232
111
56
746
123
40
661
122
21
545
133
23
454
125
29
357
121
100
328
126
152
342
122
180
373
120
156
414
129
170
440
119
128
464
20.48
.209
.091
.114
19.78
.199
.087
.108
19.81
.199
.087
.108
19.28
.199
.087
.108
19.81
.206
.092
.108
20.35
.209
.092
.108
21.30
.209
.092
.114
, 21.12
.209
.092
.114
21.31
.209
.092
.114
21.41
.209
.092
.114
21.32
.209
.092
.114
21.33
.209
. 092
.114
21.19
.209
.092
.114
22,159
9,021
390
116.9
22,412
9,316
400
124.9
22,385
10, 058
431
119.0
22, 380
9,711
417
118.5
22, 291
8,603
369
115.4
22, 241
9,952
428
116.3
22, 280
9,381
404
122.3
22, 228
9,487
410
117.4
22, 257
9,707
420
120.6
22, 220
8,763
379
118.5
22, 261
9,956
431
119.7
22, 224
8,925
386
122.2
22, 232
9,914
429
121.8
.451
.568
.414
.515
.414
.515
.414
.515
.414
.515
.414
.515
.451
.568
.451
.568
.451
.451
.451
.568
.451
.568
50.1
13.9
43.2
11.3
45.4
14.6
44.0
14.3
41.3
13.6
44.8
14.4
44.8
13.0
47.8
14.6
48.3
13.9
49.0
13.6
47.8
14.4
45. £
12.1
' 53.0
' 13.7
.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
.250
7.8
1.8
8.3
2.5
•8.8
2.6
3.0
9.3
3.2
8.4
2.7
8.6
2.7
6.1
2.7
8.4
3.1
7.4
3.2
11,681
2,194
131
no
462
COTTON MANUFACTURES
Cotton cloth:
Cotton broad woven goods over 12 in. in width, production, quarterly*
mil. of linear yards
Prices, wholesale:
Mill margins
cents per lb...
Denims, 28-inch
dol. per yd.
Print cloth, 64 x 56c?
do....
Sheeting unbleached, 4 x 4©
do
Spindle activity:
Active spindles
_
...thousands..
Active spindle hours, total
mil. of hr__.
Average per spindle in place
hours..
Operations
percent of capacity.
Cotton yarn, wholesale prices:
Southern, 22/1, cones, carded, white, for knitting (mill)t
dol. per lb.
Southern, 40s, single, carded (mill)
do
RAYON
Consumption:
Yarn
mil. of lb..
Staple fiber... _
_
do
Prices, wholesale:
Yarn, viscose, 150 denier, first quality, minimum
filament
dol. per lb_.
Staple fiber, viscose, 11A denier
do
Stocks, producers', end of month:
Yarn
__.
.mil. of lb..
Staple
fiber
do
2,294
2,413
6.3
2.7
3.0
2,318
WOOL
Consumption (scoured basis):H
42,396
45,; 52 45,288
46,892
51,890
38, 752
52,170
Apparel class
thous. of Jb
46,928
54,415 r 60, 715 r51,180 54, 696
3,824
4,435
3,516
4,192
2,916
3, 700
Carpet class
do..
3,795
4,915 '4,490
3,196
3,196
4,008
Machinery activity (weekly average):
Looms:
Woolen and worsted: 0
2,512
2,381
2,327
2,322
Broad
_thous. of active hours..
2,563
2,080
2,426
2,288
2,304 ' 2, 350 r 2, 480
2,494
Narrow
do.
63
60
63
54
63
62
59
63
63
79
74
77
Carpet and rug: #
54
53
Broad
do.
50
43
50
45
50
50
46
46
'45
46
37
34
Narrow
do.
36
29
35
31
36
33
35
33
32
32
Spinning spindles:
Woolen
do.
99, 780 115,256 110, 238 117,659 114,096 110,629 112, 287 116,915 116, 636
121, 302 120,333 113,128
111,032 111, 253 103,880
95,724 100, 396 103,819 101,520
Worsted
do.
89,154
' 99,166 r 96, 973 96, 580
207
Worsted combs
do.
202
191
172
188
191
195
196
204
'200
'201
Prices, wholesale:
1.190
1.190
1.190
1.190
1.190
1.190
Raw, territory, 64s, 70s, 80s, fine, scoured*..dol. per lb.. 1.1C0
1.190
1.190
1.190
1.190
1.190
1.190
.545
.545
.545
Eaw, bright fleece, 56s, greasy*
do
.645
.545
.545
.545
.545
.545
.545
.545
.545
Australian (Sydney), 64-70s, scoured, in bond
.545
.765
.765
(Boston)
dol. per l b .
.765
.765
.750
.765
.765
' .754 .750
.750
.765
.765
Women's dress goods, French serge, 54" (at mill)
.750
1.559
1.559
1.559
1.559
dol. per y d . .
1.559
1.559
1.559
1.559
1.559
1.559
1.559
1.559
Worsted yarn, $Ws, crossbred stock (Boston)
1.559
1.800
1.900
dol. per lb__
1.900
1.800
1.900
1.900
1.900
1.800
1. 900
1.900
1.900
1.900
Stocks, scoured basis, end of quarter:!
1.900
339,369
361,
595
Total
thous.
of
lb._
362,
395
373, 666
287, 276
WTool finer than 40s, total
do.
304, 219
294,065
314, 824
164, 283
Domestic
-...do
153,046
171,
617
189, 277
122,993
Foreign
_do_
141,019
125, 547
132, 602
Wool 40s and below and carpet
do.
68, 330
58, 842
57, 376
r
Revised.
i Total ginnings of 1944 crop.
§Total ginnings to end of month indicated.
cf Production of 64 x 60 for which prices through June 1943 were shown in the Survey has been discontinued.
©Price of 56 x 56 sheeting.
JFor 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 OD July 31,
1944, including stocks on farms and in transit, were 10,626,000 bales, and stocks of foreign cotton in the United States were 118,000 bales.
IData for June, September, and December 1944, and January 1945 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); for weekly averages for 1942 and 1943, including such looms, see note marked " • " on p. S-35 of the May 1944 Survey.
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-July 1942; for revisions see note marked " t " on p. S-35 of the June 1944 Survey. Wool stocks have been published on a revised basis beginning 1942 (see p. S-35 of
the May 1943 Survey); data include wool held by the Commodity Credit Corporation but exclude foreign wool held by the Defense Supplies Corporation.
*New series. The series on cotton goods production is from the Bureau of the Census and covers practically total production of cotton broad woven goods (except tire fabrics)
containing by weight 51 percent or more cotton; for data for first half of 1943 see p. S-35 of the August 1944 Survey; earlier data will be shown later. The new wool prices are compiled by the Department of Agriculture; they replace similar, but not identical, series formerly shown in the Survey, compiled from the Boston Commercial Bulletin which discontinued quotations after 1943; earlier data are shown on p. 24 of the February 1945 Survey.
SURVEY OF CURRENT BUSINESS
S-36
1945
Unless otherwise stated, statistics through 1941
and descriptive notes may be found in the
1942 Supplement to the Survey
April
June 1945
1945
1944
April
May
June
July
August
September
October
Novem- December
ber
January
February
March
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Woolen and worsted woven goods (except woven felts):*
Production quarterly, total thous of linear yards
Apparel fabrics
do
Men's wear
do
Women's and children's wear
do
General use and other fabrics
do
Other nonapp&rel fabrics
do
135,589
113,281
56,675
43,879
12,727
20,440
1,868
1
125,064
103,248
50,194
89,962
13,092
19 307
2,5C9
128,349
105,8f 8
50,670
41,151
14,077
20,179
2,272
MISCELLA1VECUS PRODUCTS
F u r sales by dealers
_ _ _ _ _ _. thous. of dol
Pyroxylin-coated textiles (cotton fabrics): §
Orders, unfilled, end of month
thous. lin. y d . .
Pyroxylin spread--- -- tbous. of lb
Shipments, billed
thous. linear yd_
3,822
2,381
3,016
2,620
1,796
1,606
2,321
2,842
6,070
6,925
4,423
12,516
4,896
5,735
12,773
4,828
5,517
12,987
4,900
5,111
13,027
3,915
4,591
12,478
4,232
5,145
12, 594
4,118
5,117
12, 739
4,939
5,904
14,266
4,479
5,517
15,118
4,126
5,079
10, 029
'4,644
5,492
9,739
4,339
5,930
10, 463
4,303
5,662
TRANSPORTATION EQUIPMENT
MOTOR VEHICLES
Trucks and tractors, production, total*...--__number.
Civilian
do...
Military
do...
Light- Military
do...
Medium:
Civilian
do-.
Military
.
do.._
Heavy:
Civilian
do...
Military
-do.-.
67, 270
18,985
48,285
18, 352
55,719
8,151
47, 568
19,481
56,920
9,298
47, 622
19, 338
61,186
11,926
49, 260
20,830
61,540
11,243
50, 297
20, 269
68, 545
12,511
56,034
23,441
65,042
12,277
52, 765
21,367
64,129
13,075
51,054
18, 534
69,013
14,677
54,336
19,765
70, 682
15.653
55,029
20,433
67,065
15,019
52,046
21, 621
64, 213
14,032
50,181
20, 641
10, 275
3,645
6,245
6,649
7,310
7,007
9,319
6,625
8,582
6,031
10, 248
5,746
10,034
6,300
9,432
6,144
10,153
6,503
9,565
5,326
11,183
3,527
10, 534
3,378
3,964
26,288
1,906
21,438
1,988
21,277
-,607
21,805
2,661
23,997
2,263
26,847
2,243
25,098
3,643
26, 376
4,524
28,068
6,088
29,270
3,836
26, 898
3,339
26,162
3,000
2,550
14
14
7,316
713
16
16
7,034
1,501
0
0
6,090
1,698
0
0
6,151
2,197
0
0
4,837
2,662
0
0
4,130
2,807
0
0
4,741
3,517
0
0
4,595
3,244
5
5
4,395
3,098
12
12
3, 943
3,074
18
18
4,137
3,211
20
20
1,771
58
3.4
31,640
26,026
5,614
1,754
48
2.8
43,321
32,677
10, 644
1,753
53
3.1
42,244
32,859
9,385
1,754
51
3.0
41,236
33,166
8,070
1,755
54
3.1
37,985
30,955
7,030
1,756
52
3.0
34,064
28,070
5,994
1,758
51
3.0
30,153
25, 285
4,868
1, 759
50
2.9
28, 385
23,885
4,500
1,762
51
2.9
28,910
25,154
3,756
1,764
51
3.0
34,417
29,675
4,742
1,767
51
3.0
34, 579
29, 386
5,193
1, 769
51
3.0
35, 031
28,080
6,951
2,361
6.0
125
89
36
2,167
5.5
228
191
37
2,182
5.5
203
168
35
2,120
5.4
179
146
33
2,190
5.5
172
139
33
2,194
5.6
150
118
32
2,187
5.5
124
96
28
2,254
5.7
102
77
25
2,300
5.8
90
65
25
2,161
5.5
66
41
25
2,333
5.9
80
32
48
2,331
5.9
138
92
46
402
365
37
442
419
23
421
375
46
367
321
46
307
271
36
431
413
18
361
341
20
443
435
28
336
303
33
420
393
27
368
342
26
420
385
35
RAILWAY E Q U I P M E N T
American Railway Car Institute:
Shipments:
Freight cars, total
number.
Domestic
do—
Passenger cars, total
__do
Domestic
do
Association of American Railroads:
Freight cars, end of month:
Number owned
thousandsUndergoing or awaiting classified repairs._.do...
Percent of total online
Orders, unfilled
.carsEquipment manufacturers
do-..
Railroad shops
do._Locomotives, steam, end of month:
Undergoing or awaiting classified repairs.number.
Percent of total on line
.._
Orders unfilled
numberEquipment manufacturers
do...
Railroad shops.
do...
T
I N D U S T R I A L E L E C T R I C T R U C K S AND
TRACTORS
Shipments, total
Domestic
Exports
-
-
numberdo__
do...
CANADIAN STATISTICS
P hysical volume of business, adjusted:
Combined indexf
1935-39=100..
Industrial production, combined indexf.
do
Construction!
do
j
Electric power
_
do
|
Manufacturingf.
~
do
j
Forestry!
do
Mining!
do
Distribution, combined index!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 passengers..
118.7
103.4
239.5
270.0
140.2
153.1
291.3
115.3
247.5
176.2
241.8
272.3
109.2
165.0
297.3
119.3
238.8
178. 6
238.8
266.8
111.8
160.2
292.2
121.1
225.5
180.8
232.2
262.1
98.8
154.8
287.6
112.8
225.4
170.3
233.1
263.5
91.6
156.4
291.5
121.9
214.5
170.1
231.0
260.4
104.1
153.4
284.5
116.4
205.5
170.3
228.0
259.7
113.4
152. 4
285. 8
128.5
208.9
162. 4
227.9
255.4
92.7
148.5
284.7
124.6
191.7
171.1
233.0
256.0
122.6
144.7
283.7
126.1
189.3
185.5
228.8
245.8
97.7
151.6
274.3
116.8
174.0
193.7
216.7
240.3
110.9
150.1
270.0
127.3
147.9
167.7
305.5
352.7
100.7
217.6
238.8
125.3
270.4
307.8
108.3
361.7
420.6
106.0
101.7
94.8
132.0
81.5
76.9
101.6
110.7
111.1
108.9
133.4
135.0
126.7
167.7
168.9
162.5
255.1
278.0
155.8
142.8
143.1
141.4
119.1
102.9
119.2
102.5
119.0
102.5
119.0
102.5
118.9
102.3
118.8
102.3
118.6
102.3
118.9
102.4
118.5
102.5
118.6
102.8
118.6
102.9
284
5,342
544
318
5,769
535
315
5,457
638
297
5,640
714
317
5,520
702
317
5,563
591
330
5,815
532
327
5,597
487
272
5,192
602
279
4,750
471
264
4,612
420
w
Revised.
§For 1945, pyroxylin spread includes amount spread on nonfabric materials. Shipments and unfilled orders include custom coating of nonfabric materials but not other non, fabric coating.
f Revised series. The indicated Canadian indexes have been shown on a revised basis beginning in the December 1942, Survey, except for construction and mining which were
further revised in the March 1943 and April 1944 issues, respectively; the revisions affected principally indexes beginning January 1940; the agricultural marketings indexes and the
distribution index were revised back to 1919 and minor revisions were also made in data prior to 1940 for other series. All series are available on request.
*New series. The new series on woolen and worsted goods are compiled by the Bureau of the Census from reports of manufacturers who account for 98 percent or more of total
and heavy, 16,000 pounds and over. There were some differences in the definitions employed in collecting these statistics and the truck statistics shown in the Survey through the
October 1942 issue; it should also be noted that the latter were "factory sales." Available data for 1937-43 for woolen and worsted goods are on p. 19 of the May 1945 Survey; data
'„ for other new,series will be published later.
U. S. GOVERNMENT PRINTING OFFICE: 1945
TO MONTHLY BUSINESS STATISTICS, Pages S1-S36
I Q* SECTIONS
'•M
!*-+fff^cVtat^.l
.«.--_---.—.
dud wages..
4
*
.munications.
industries:
products
S-5
S~6
S-9
S-14
S-20
S-20
S-22
S-24
S-25
S-28
S-29
S-30
i and products, S-30
S-31
itus
S-32
products
S-33
products... S-34
S-35
S-36
icntS-36
'it
i
> ^v
"I-.
INDIVIDUAL SERIES
ted)
2,9,10,11,12,13
23
- i,2. 25
s
*.
30
23,24
.i;i';.:
, i! t
' i
<.*-U
ieids
•mm
m«m
3
•#*r
::::::::::::::: 4,341?
L
„.„
15,18
!IIIIIIIII"IIII 5,6
tction).
trade
4,7,8
turn-over..
3
25
— 16,36
27
18
18
22
27
1,2,4,34
4
8
;&„++
^ • i ^ W f **5*
!
25
|3< 12,13,14,17, 22, 23. 24
„*
—28
,.*_.*
11
1,2,34
m Clay, etc.)
*;6;7.S, 10,11,12,13,35
2,4,11,12,14,33
„
27
.t
2,33
W«StVj
rt^'ii*,
1,2,25
2,4,11,12,14,33
30
18,19
>%^^
^•i*.*.
•oft
Pages marked S
Debt, United States Government
17
Department stores, sales, stocks, collections. .
8, 9
Deposits bank
15,16
Disputes, industrial
12
Dividend payments and rates
1,19
Earnings, weekly and hourly
13,14
Eggs and chickens
1,3,4,27
Electrical equipment
2,3, 6, 31
Electric power product!cm, sales, revenues.. . .
24
Employment estimated
9,10
Employment indexes:
Factory, by industries
10
Nonmanufacturing industries
11
Employment, security operations
12
Emigration and immigration
21
Engineering construction
5
Exchange rates, foreign
16
Expenditures, United States Government
17
Explosives
23
Exports
20
Factory, employment, pay rolls, hours, wages.
9,
10,11,12,13,14
Failures, industrial and commercial
3
Fairchild's retail price index
4
Farm wages
14
Farm prices, index
3, 4
Fats and oils
_
4, 23, 24
Federal Government,
finance
17
Federal Reserve banks, condition of
14,15
Federal Reserve reporting member banks
15
Fertilizers
4, 23
Fire losses
6
Fish oils and
fish
_
2?, 27
Flaxseed
24
Flooring.
_
29
Flour, wh<?at
27
Food products.
.
2,
3, 4, 6, 7, 10, 11, 12, 13, 14, 17, 25, 26, 27, 28
Footwear
2,4,7,8,10,12,13,28
Foreclosures, real estate
6
Foundry equipment
31
Freight cars (equipment)
36
Freight carloadm^s, cars, indexes
21
Freight-car surplus
21
Fruita and vegetables
2,3,4,26
Fuel equipment and heating apparatus
31
Fuels
_
2,3,4,33
Furniture
1,4,10, 11, 12, 13, 79
Gas, customers, sales, revenues
25
Gas and fuel oils
33
Gasoline
33,34
Glass and glassware (see also Stone, clay, etc.). 1, 2, 34
Glycerine
23
Gold..,
16
Goods in warehouses
>
7
Grains
_
__ 3, 26
Gypsum. _
34
Hides and skins
4, 28
Highways
5, 11
Ho«s__
27
Home-loan banks, loans outstanding
6
Home mortgages
6
Hosiery
4, 35
Hotels
_
11,12, 21
Hours per week
11
Houaefurnishings
4, 6, 7, 8
Homing
_
_
3,4, 5
Immigration and emigration
21
Imports
20
Income payments
I
Income-tax receipts
17
Incorporations, business, new
3
Industrial production indexes
1. 2
Instalment loans
15
Instalment tales, department stores
8
Insurance, life
16
Intercut and money rates
15
Inventories, manufacturers* and trade
3,8
Iron and steel, crude, manufactures
2,
3,4,9,10,11,12,13,17,30
Kerosene
34
Labor force
9
Labor disputes, turn-over
13
Lamb and mutton
27
Lard
27
Lead
31
Leather
1, 2, 4,10,11,12,13, 28
Linseed oil, cake, and meal
24
Livestock...
,_ 1,3,27
Loans, re*l-estate, agricultural, bank, brokers*
(see also Consumer credit)
6,14,15, 17
Locomotives
36
Looms, woolen, activity
35
Lubricants
34
Lumber
_ 1, 2, 4,10,11,12,13, 29
Machine activity, cotton, wool
35
Machine tools
9,10, It, 12,13,31
Machinery
1,2,3,9,10, 11,12,13,17,31
Magazine advertising
6, 7
Manufacturers' ordert, shipments, inventories.
2, 3
Manufacturing production indexes
1,2
Meats and meat packing.. 1, 2, 3, 4, 10,12, 13,14, 27
Metals
1, 2, 3, 4, 9,10,11,12,13,17, 30. 31
Methanol
23
Milk
_
25,26
Minerals
_
2, 9,11,12,14
Money supply
.
16
Motor fuel
33,34
Motor vehicles
7,36
Pages marked S
Motors, electrical
.
31
Munitions production
...........
2
Newspaper advertising
6, 7
Newsprint
32
New York Stock Exchange
18,19, 20
Oats...
26
Oils and fart.
.
4, 23, 24
Oleomargarine
24
Operating businesses and business turn-over..
3
Orders, new, manufacturers'
2
Paint and paint materials
4, 24
Paper and pulp
2,3,4,10,11,12,13,14,32
Paper products.-.
32
Passports issued
21
Pay rolls, manufacturing and nonmanufacturing industries
12
Petroleum and products
2,
3, 4,10,11,12,13,14,17,33, 34
Pig iron
30
Plywood and veneer
29
Porcelain enameled products
30
Pork
27
Postal business
7
Postal savings
15
Poultry and eggs
1,3, 27
Prices (see also Individual commodities):
Retail indexes
4
Wholesale indexes
4
Printing
_
2,10,11,12,13,14.32
Profits, corporation
17
Public assistance
14
Public utilities
4, 5,11.12, 14, 17,18,19, 20
Pullman Company
22
Pumps
31
Purchasing power of the dollar
4
Radio advertising
_.
6
Railways, operations, equipment, financial statistics, employment, wages
11,
12,14,17,18,19, 20, 21, 22, 36
Railways, street (see Street railways, etc.).
Rayon
2,4,10,12,13, 35
Receipts, United States Government
17
Reconstruction Finance Corporation, loans
17
Rents (housing), index
3,4
Retail trade:
All retail stores, sales
7,8
Chain stores...
8
Department stores
8, 9
Mail order
_
7,8,9
Rural, general merchandise
9
Rice
26
Roofing, asphalt
34
Rubber products
2,3,4,10,11,12,13,14
Savings deposits
15
Sheep and lambs
27
Shipbuilding
2, 9, 10, 11,12,13
Shipments, manufacturers"
2
Shoes
_
1, 4, 7, 8,10,12,13, 28
Shortenings
24
Silver
16
Skins
_
28
Slaughtering and meat packing._ 2, 10,12, 13, 14, 27
Soybeans and soybean oil
24
Spindle activity, cotton, wool
35
Steel and iron (see Iron and steel).
Steel, scrap
_
30
Stocks, department stores (see also Manufacturers* inventories)
9
Stocks, issues, prices, sales, yields
19, 20
Stone, clay, and glass products. 1, 2,10,11,12,13, 34
Street railways and busses...
11,12,14
Sugar
28
Sulphur
22
Sulfuric acid
22
Superphosphate
.
23
Telephone, telegraph, cable, and radio telegraph carriers
11, 12, 14,17, 22
Textiles
2, 3, 4,10,11, 12,13,35, 36
Tile
34
Tin.
_
31
Tobacco
2,10,11,12,13,14, 28
Tools, machine
9,10,11,12,13,31
Trade, retail and wholesale
7, 8, 9,11,12,14
Transit lines, local
_
20, 21
Transportation, commodity and passenger
20, 21
Transportation equipment
1,
2,3,9,10,11,12,13,17,36
Travel
21, 22
Trucks and tractors
36
Unemployment
9
United States Government bonds
17,18,19
United States Government,
finance
17
United States Steel Corporation
30
Utilities
4, 5, 9,11, 12,14,17,18,19, 20
Variety stores
7, 8
Vegetable oils..
23
Vegetables and fruits.
2,3,4,26
Wages, factory and miscellaneous
13, 14
War program, production and expenditures
2,17
War Savings Bonds
17
Warehouses, space occupied
7
Water transportation, employment, pay rolls- 11,12
Wlieat and wheat
flour
26, 27
Wholesale price indexes
4
Wholesale trade
9
Wood pulp
4,32
Wool and wool manufactures. 2,4,10,12,13,35,36
Zinc
31
$6.00
per year
••!*•??•
Foreign Commerce Weekly contains
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news items by countries and commodities with sections 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
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.Ay.
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