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SURVEY OF
CURRENT
BUSINESS
MARCH 1942
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ARKETS ARE
HERE
ARE THE PEOPLE
FIRST SERIES POPULATION BULLETINS
1940 Census
Presenting . . .
FIGURES • • Number of inhabitants by states, counties, minor civil divisions
of counties, all incorporated places, wards in cities of 5,000 or
more, and tracts in tract cities.
MAPS . . . . Minor civil division maps of states, maps of tract cities and
urban-rural areas.
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
100
50
100
100
100
50
50
50
100
100
100
150
100
100
100
100
50
50
50
50
100
100
50
100
100
Nebraska
,
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee.
Texas...,
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin.
Wyoming
First Series, U. S. Summary
100
50
50
100
50
100
100
100
100
100
100
100
50
50
100
100
100
50
50
50
100
50
100
50
200
Please make checks and money orders payable only to the Superintendent of Documents, Washington, D. C, and
mail requests only to that official. Postage stamps and worn coins NOT accepted. Currency sent at sender's
risk. No charge for postage except on foreign shipments.
SURVEY OF
CURRENT BUSINESS
MARCH 1942
ECONOMIC HIGHLIGHTS
2
THE BUSINESS SITUATION
3
Heavy consumption
Further limitation on civilian output
The production of agricultural implements
The canning industry
The expansion of shipments
Corporate earnings in 1941
3
4
4
5
6
7
WAR EXPENDITURES AND NATIONAL PRODUCTION
STATISTICAL DATA:
Employment and pay rolls in Ohio—table 7
17
Indexes of new dwelling units provided and permit valuation of building construction—table 8
18
Monthly business statistics
S-l
General index
Inside back cover
Published by the Department of Commerce, JESSE H. JONES, Secretary, and issued through
the Bureau of Foreign and Domestic Commerce, CARROLL L. WILSON, Director.
Number 3
Volume 22
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS, 32 a year. Single-copy price: Monthly, 15 cents; weekly, 5 cents.
Foreign subscriptions, 33.50. Price of the 1940 Supplement is 40 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
445913
4 2 1
1
SURVEY OF CURRENT BUSINESS
March 1942
Economic Highlights
Variation in Hourly Earnings
Lend-Lease Aid
Average hourly earnings vary widely between industries . . .
but on the average are highest ever paid. Top rates are in parts
of highly skilled machinery industry; fast-growing shipbuilding;
powerfully organized bituminous coal . . . each with $1.06 an
hour . . . twice the hourly earnings in cotton goods manufacture.
Lend-lease aid now expands rapidly concurrent with increased
arms shipments for United States fighting forces. January total
462 millions . . . almost twice the average export to the British
Empire and Egypt during the first 9 months of last year. The
advance reflects rising output of war material, including ships
CENTS
MILLIONS OF DOLLARS
5001
120
400
300
200
100
FACTUR1NG
(90
INDUSTRIES)
APPAREL
MACHINERY, APPARATUS,
AND SUPPLIES
NACES,
STEEL
WORKS,
AND
ROLLING
MILLS
BUILDING
TURBINES,
WATER
WHEELS,
AND
WINDMILLS
TUMINOUS
COAL
MINMAR.
APR.
MAY
JUNE
i
JULY
AUG.
SEPT
1941
OCT.
NOV.
DEC
1942
Average Hourly Earnings in All Manufacturing and Selected Industries.
T o t a l Lend-Lease Aid.
Average for all manufacturing is 79 cents . . . that for iron and
steel 98 . . . aircraft 92. In general, durable goods lines are
above the average . . . consumers' nondurables below. In the
selected industries here shown, rates have increased from 9 percent (for baking) to 33 percent (machinery) in June 1940December 1941. More overtime pay has added to earnings . . .
but the advance chiefly is the result of a record rise in wage rates
during 1941.
and ship repair. Expenditure for lend-lease was equivalent to
approximately half the $635 million total export in December.
Movement abroad of all arms categories is heavier . . . and
food shipments to Great Britain also are enlarged. One of most
serious limitations to aid continues to lie in shipping shortage
. . . but shipbuilding climbs steadily . . . with 123,000 gross
tons delivered in January . . . and sharp increase scheduled for
subsequent months.
Prices: Controlled and Uncontrolled
A p p l i c a t i o n of f o r m a l
controls effectively retards
price advances. The index of
controlled prices rose only 1 percent in March-December . . .
several controlled price schedules having been revised upward, while others moved
automatically (e. g., textiles)
with uncontrolled raw-material
prices.
Uncontrolled items
climbed 16 percent in the same
period . . . have continued up
since. Latter index includes
prices subjected to informal
controls . . . suggestions, warnings, fair-price requests, or
freeze letters having been sent
MARCH 1941= 100
120 I
UNCONTROLLED AND
INFORMALLY CONTROLLED
95
JUNE
JULY
OCT.
NOV.
DEC.
D.D.
42-81
1941
Wholesale Price Indexes of Controlled and Uncontrolled Commodities.
to producers . . . but thus far
such prices have moved similarly to those uncontrolled.
At mid-December only 17 percent of total Bureau of Labor
Statistics' index (by value)
represented prices under formal
control . . . the proportion,
of c o u r s e , c o n t i n u e s t o
increase. Experience to date
suggests formal control over
key prices only is inadequate
to prevent a general price rise
. . . widespread regulation at
both wholesale and retail seems
required in the absence of a
more stringent fiscal restraint.
March 1942
SURVEY OF CURRENT BUSINESS
The Business Situation
of the economy to the war effort
R^EORIENTATION
was pushed forward during February. Notwithstanding sharply reduced output in certain consumer
lines now under conversion, activity in general continued
to advance at a pace comparable to that of other recent
months. Industrial production again recorded a net
gain under strengthened efforts to expand war output
as quickly as possible. Electric power remained close
to peak volume, though a seasonal decline has been
usual in the past. On the other hand, freight carloadings were down somewhat, averaging about 780,000
cars weekly. Coal loadings continued to show a slight
decrease from the sizable volumes in the final months
of 1941. But the principal decline occurred in the
movement of industrial freight. Shipments to export
ports remained in good volume. In contrast to the
experience of tbe last War, the carriers are regulating
carefully the flow of goods into ports, in order that
freight equipment may not lie idle as goods await
transfer.
Despite difficulty in obtaining metallic materials,
construction activity this winter has fallen off little
more than that required by seasonal influences. Construction associated with the war effort is now at an
annual rate which surpasses the total of new construction in 1940. Moreover, private residential building
has been substantial in answer to the growing needs in
areas engaged in turning out war material.
output of which can hardly be more than a third of
that of last year, if the maximum of equipment and
materials in these lines is diverted to war production.
But the record stock of durables already in the hands
of consumers (and to some extent, dealers) should
greatly limit any little actual decrease in the utility
derived from these sources this year.
This statement on consumption needs clarification.
It is based on a review of available and prospective supplies and on the considerations presented in more detail
in the article on page 9 of this issue. There it is indicated
that about 85 percent of the consumer expenditures in
1941 were devoted to nondurables and services. Equipment for the production of these goods and services will
continue available, because little of it is adaptable to
war output. The total labor force, however, may not
be sufficient fully to maintain such civilian output,
while also producing the war material required by the
President's program. Moreover, a reduction in supplies of many articles for civilian use will occur by
reason of raw-material shortages (wool, leather, certain
chemicals, are cases in point) and diversion of output
to the armed forces or to other countries under lendlease (see the discussion of canned foods below).
Table 1.—Consumer Expenditures for Services 1
[Millions of dollars]
Total
Housing
Household
utilities
Laundry,
tailoring,
and
personal
care
20,994
15,553
19,173
20,073
21,563
9,119
7,358
8,398
8,609
8,968
1,771
1,680
2,026
2,151
2,240
1,908
1,110
1,605
1,709
1,967
Heavy Consumption.
In retail trade, buying has continued to be in good
volume for all manner of commodities, with special
emphasis being devoted to goods expected to be in
short supply. Purchasing failed to match the extraordinary January volume, however, and the adjusted
index of sales by all retail stores dropped to 137 (preliminary) from the peak of 149.
More detailed information on the buying in January
reveals it to have been very heavy in almost all types of
stores with particularly large sales for the month reported by apparel shops, building material and hardware
stores, and general merchandise stores.
The current level of sales undoubtedly reflects some
forward buying; nevertheless, it bears remembering
that purchasing should be unusually high, for consumers
possess the largest incomes on record. Moreover, while
buying in the aggregate is expected to fall off as stocks
of goods now under limited production are reduced, the
subsequent decline in consumption as a whole is not
expected to be drastic during 1942. For the calendar
year it is probable that the total physical volume of
goods and services purchased will fall little more than
a tenth below the record volume of 1941. The bulk
Digitized for
ofFRASER
this decrease will be in the consumer durables—the
Year
1929
1933
1939
1940
1941
_
_
Trans- Medi- Recreportacal
ation Other
tion
care
2,880
1,716
2,012
1,973
2,165
2,231
1,475
2,058
2,232
2,528
1,156
785
1,309
1,552
1,711
1,929
1,429
1,765
1,847
1,984
i These are preliminary estimates by the Department of Commerce and are subject
to revision.
Source: U. S. Department of Commerce.
Such a decline among the nondurables will not
bulk large in the aggregate, gains in some lines
(cotton goods, for example) offsetting reductions in
others. The services—constituting 30 percent of total
consumer expenditures last year—may show a net increase on the whole. Transportation and household
utilities are the only components shown in table 1 which
might decline because of supply difficulties, and such a
decrease would be small if it occurred at all.
Though a drastic reduction in consumption should
not occur this year, the situation may be expected to
worsen steadily. As stocks decline, raw material and
transport shortages grow more acute, and additional
pressure is directed against the available labor force, the
Nation's living standard will of necessity be lowered.
SURVEY OF CURRENT BUSINESS
Further Limitation on Civilian Output.
March 1942
little changed on a daily-average basis from December.
Efforts have been speeded to complete the task of Further gains, as with the nonferrous metals, must
turning existing civilian goods equipment to war output occur with the completion of a variety of new facilities.
where that is possible. Outstanding in this respect In this regard, arrangements for further increasing
during February was the final cessation of domestic aluminum and magnesium output were announced in
civilian passenger car assembly. Activity in the auto- February. Previously aluminum facilities either in
mobile industry as a whole, however, did not decline operation or under construction had a capacity of 1.45
seriously. About a fourth of the industry's auto- billion pounds annually. This will be increased to 2.1
mobile facilities were engaged in the manufacture of billion pounds. Moreover, arrangements have been
military and civilian trucks, scout cars, other military effected to expand imports from Canada, and these will
vehicles, and parts necessary for maintenance and re- result in a total annual supply of primary aluminum of
pair. In addition, large new plants erected by the in- more than 2.5 billion pounds. Production in 1939 was
dustry over the past year and a half for the production 330 million pounds. Magnesium capacity, previously
of tanks, aircraft, and ordnance are now active. As a scheduled to reach 400 million pounds annually, is to
result of these developments, employment remained be stepped up to 725 million pounds.
fairly heavy throughout the industry, though it is only a
Bituminous coal production was reduced slightly
fraction of that expected by the autumn of this year. during February, as was also petroleum refining.
Other consumer lines now in the process of changing Activity in the latter instance has been held up to
over to exclusive production of war materials include some extent by the conversion of certain existing
domestic mechanical refrigerators, the output of which facilities to the refining of airplane gasoline.
is to be discontinued after April 30, and the manufacture
of radios for domestic civilian use, which is to be elimiThe Production of Agricultural Implements
nated shortly thereafter. In the intervening period,
Not only does equipment for manufacturing conproduction of refrigerators is to be stepped up markedly
sumer durables lend itself to conversion. The facilities
over quotas which had been previously established.
heretofore used to produce many types of machinery
This output will be frozen in an effort to realize a stockand tools also can be utilized in direct arms production
pile of approximately 750,000 units, these to be rationed
and must be so employed if the Nation's armament
among essential civilian and military requirements.
goals are to be realized. Some of these manufacturers
The degree to which production is being limited
early turned to producing war material, supplementing
in a number of other consumer durables lines varies
their existing plant with new equipment. This is the
widely as between plants. In general, where some concase, for example, with the producers of locomotives,
tinuation of output is essential, activity is to be centered
whose activity in February (as measured by the Federal
in the plants of small producers. Manufacturers having
Reserve index) was roughly 5 times the 1935-39
facilities of substantial size are required to convert them
average and growing rapidly.
to war production as a result of severe restrictions on
The textile machinery industry is still another
their normal activity. This procedure is being folturning
out direct war materials. By midyear aplowed, for example, in the case of laundry equipment
proximately
one-half of its plant capacity will be
and cooking appliances.
devoted
to
this
purpose, with the other half producing
In still other cases, conversion largely takes the form
parts
essential
for
repair and maintenance.
of a diversion of activity from civilian use to military
Industries of this character differ from, those prouse. Such is the case, for example, with restriction on
ducing
certain consumer durables in that it is usually
the consumption of wool for civilian use and the proimpossible
to cut out production for civilian use entirely.
duction of certain types of tractors and auxiliary
Some
replacement
of worn-out equipment is essential,
equipment.
even
to
a
minimum
standard of living for the comFacilities rendered idle by orders curbing the flow of
munity.
One
of
the
best
illustrations in this respect is
essential raw materials are in some instances being conthe
farm
equipment
industry.
Last year these proverted to the production of other civilian goods. Thus,
ducers
manufactured
equipment
with
a total estimated
the extremely heavy cotton consumption of recent
value
of
742
million
dollars,
only
a
small
part of which
months is in the process of being further augmented
was
in
the
form,
of
direct
war
materials.
This was the
by the use of some remodeled machinery formerly emlargest
output
in
the
history
of
the
industry,
exceeding
ployed in the carpet and apparel wool industries.
the
1940
total
by
nearly
one-fifth.
While these shifts are occurring in the production
In 1940 the farm equipment industry had consumed
of consumer goods, activity in such basic war industries
as aircraft, shipbuilding, ordnance, and machinery is about 2.1 million tons of steel and cast iron, and 60,000
advancing at a rate even more rapid than that which tons of such other critical materials as copper, zinc,
prevailed throughout the latter half of 1941. Produc- tin, chromium, and rubber. Consumption of these
tion of basic chemical raw materials is also expanding. materials in 1941 was of course heavier in keeping with
Output of steel, however, while up from January, was the increased output. Thus, even if the equipment of
March 1942
SURVEY OF CURRENT BUSINESS
the industry were not needed for war output, the largest
feasible curtailment of its operations would have been
required in order to save scarce materials.
In this respect, inventories of farm equipment, like
those of other durables, fortunately are very sizable.
Moreover, a substantial part of the equipment is relatively new, purchases having been considerable ever
since 1936. Present stocks include, for example, 1.8
million tractors as compared with less than 1 million in
1930. More than half the farm tractors are less
than 5 years old, while almost three-fourths have been
in use less than 10 years. Other equipment in the
record farm machinery inventory includes 2.2 million
mowers, approximately an equal number of hay rakes,
1.4 million grain binders, over 1 million manure
spreaders, 300,000 milking machines, and almost as
many combines.
Figure 1.—Estimated Production and Domestic Exports of
Farm Equipment
MILLIONS OF DOLLARS
in 1940. To this end the industry was granted an A-3
preference rating. At the same time, quotas were established for the production of various types of machinery. These quotas presumably reflected the needs for
this year, repair parts, for example, being produced at
150 percent of the 1940 rate and requiring nearly onethird of the total raw material consumption. Equipment for the rapidly expanding dairy industry is in
large quota, as also is machinery for crops and other
livestock products scheduled to be produced in heavier
volume this year.
The quotas may not be fulfilled if the industry is
not given a higher preference rating for raw materials.
At the same time, however, the curtailment envisaged
by the order in December is very small when the need
for equipment and materials in the production of
finished arms is considered.
In this latter respect, the present limitation falls
short in failing to concentrate the entire production in
certain selected plants. Prevailing quotas apply
eqully to every enterprise which manufactures equipment. As a result, facilities which might otherwise be
used wholly for the production of war material are now
engaged only part time, and that time is devoted to
turning out commodities for civilian use.
The Canning Industry
Canning is one food industry feeling the pinch of a
raw-material shortage in a rather indirect way. The
20
loss of Malaya and other sections of the Far East to
enemy forces has cut off the major part of the tin output available to the United States. Though large tin
1941
1942
1940
stockpiles have been accumulated, these are prudently
1
Data subsequent to September 1941 are not available for publication.
to be conserved by the elimination of nonessential
Source: U. S. Department of Commerce.
civilian uses. Since approximately 40 percent of the
normal consumption of tin in this country is in the
These large equipment stocks of course may be form of containers, any real curtailment must of necesoperated much more effectively than in the past. A sity be reflected also in the operations of the canning
further expansion of cooperatives for utilizing existing industry.
equipment, as well as better organization of seasonal
This industry has experienced a strong secular
supplies of farm labor, are expected to be directed to growth, though year-to-year fluctuations with changes
this end.
in the level of income have been considerable. Thus,
Notwithstanding the substantial inventory and the the 1941 pack of all foods rose some 20 percent over
opportunity to improve the efficiency of its utilization, 1940, while in terms of the longer movement, 1941 vegea considerable output of farm equipment still will be table canning stood one-fourth higher than the 1937
required throughout 1942. The Government's farm total and at least 60 percent above 1929. Canning of
program contemplates widespread changes in the pat- fruits has expanded in somewhat smaller degree. In
tern of agricultural output. Some of the sharply general, this upward movement has been the result of a
expanded crops—peanuts and soybeans are examples— shift from home preparation of food to factory canning,
will require much new machinery and other units are as well as of a growing consumption of fruits and vegeessential for replacement. In addition, a large volume tables relative to other foods.
will be required for essential exports to the British
If the 1942 agricultural program is to be fulfilled, the
Empire, the U. S. S. R., and the American Republics. production of fruits and vegetables will be the largest
To date the program for limiting the output of farm on record. The two major canning vegetables, for exequipment has not been completed. Policy laid down ample, are tomatoes and peas, and the crops of these are
at the end of 1941 restricted the industry's use of raw scheduled to be increased nearly one-fifth and onematerials for civilian purposes during the 12 months third, respectively. In addition, plantings of other
vegetables are expected at least to equal the aggregate
through
next October, to 83 percent of those consumed
6
SURVEY OF CURRENT BUSINESS
March 1942
of last year. The supply of such commodities available the total may increase somewhat through the use of
for civilian consumption, of course, hinges on the larger cans and the substitution of condensed soups for
quantities required by the armed forces and by other the liquid form.
countries under lend-lease or otherwise. The sum of
In addition to the limitations reviewed above, subthese requirements, however, is not expected to reduce stantial savings in use of tin are expected by the elimicivilian consumption (on a per capita basis) below nation of smaller can sizes, as these consume more tin
the average of the past several years. That is not to plate in proportion to their volume than do the large
say, of course, that supplies of certain selected items for cans. Moreover, economies are to be effected through
civilian use may not be reduced considerably.
thinning the coat of tin plate, save in those instances
This conclusion also holds for the effect of the tin- where the nature of the food or product requires excepplate order on the canning of fruits and vegetables. tionally heavy tinning. Recent technical improveThe total food supply is, of course, unaffected by the ments have made possible the use of smaller quantities
order—it merely alters the form in which existing food of tin on the ordinary can.
supplies might have appeared in absence of the order. Prices of Canned Foods Frozen.
A corollary to the above developments in the canning
Figure 2.—Production and Packers' Garry-Over of Canned
Seasonal Vegetables
industry
was the temporary freezing of packers' and
MILLIONS OF CASES
(BASIS: 2 4 NO. 2 CANS)
wholesalers' price quotations on 25 important canned
200
vegetables and fruits. Prices for March and April are
PACKERS CARRYOVER
not to exceed the average of those prevailing from FebALL OTHER
ruary 23-27, inclusive. In part, this price action was
150
taken in an effort to forestall the disrupting effect upon
supplies of possible hoarding induced through fear of
TOMATO JUICE
price changes. For the time being no action has been
GREEN AND WAX
100
BEANS
taken on retail prices, though if these fail to be stabilized, it is likely that they also will be placed under
ceiling. Meanwhile, no control short of rationing can
be exercised over hoarding induced by expectation of
shortages in particular supplies.
(BEGINNING OF
SEASON)
The Expansion of Shipments
A review of the expansion of manufacturers' shipNo restriction is imposed on the canning of important ments last year reveals significant changes in the
foods comprising 70 percent of the vegetable pack last structure of output that lent added impetus to the
year, 40 percent of the normal fruit pack, and about 85 increased need for transport. For the whole of 1941
percent of the normal pack of fish. Included in this the gross value of products shipped by American manuunrestricted group are such staples as tomatoes and facturers reached an all-time high of 92 billion dollars,
tomato juice, peas, sweet corn, green beans, peaches, about 40 percent above the 1940 volume and substanpears, salmon, and evaporated milk. A number of tially more than the previous peak of 70 billions in 1929.
these staples have been reserved for Government pur- Adjustment for price changes brings the advance over
chase in amounts varying up to 30 percent of the pack. 1941 down to 30 percent, while the physical quantity of
The civilian quotas placed upon the canning of other goods delivered by manufacturers last year was 50
foods range from 125 percent of the tin plate used in percent more than in 1929.
Aggregate shipments of course include a considerable
1941 to complete prohibition, according to the possibility of distributing the commodities in other forms— amount of duplication in the form of transfers made
fresh, frozen, and dried, or in glass, paper, and other from one producer to another. Ordinarily, the net
containers. In the instance of certain quota foods, such value of shipments to consumers (largely that portion
as carrots and beets, however, Government purchases, of the total value which has been added by the manuwhich are entirely exempt from the tin-plate restric- facturer) is around 50 percent of the gross. However,
tions, will require total packs far above civilian quotas. in a period of expanding output, the net value of shipAmong the foods denied further civilian use of tin ments tends to increase more rapidly than does the
containers are such staples as pork and beans, other gross.
dried beans, spaghetti, and hominy. These amounted
This is the result of a greater emphasis on durableto some 40 million cases in 1941, out of a total of 260 goods output. Commodities of this character are more
million cases for all vegetables. The most important likely to be produced by highly integrated firms, and a
item is beans which has shown a strong upward trend, larger proportion of their total gross output represents
with 33.6 million cases packed in 1941 as compared with value added by the manufacturers themselves.
25 million in 1937. Canning of soup for civilian use is
The production of durable goods in 1941 was exrestricted
to
100
percent
of
that
in
1941;
nevertheless,
ceptionally
heavy. Growing activity in finished arma
Source: U. S. Department of Commerce.
SURVEY OF CURRENT BUSINESS
March 1942
ment industries, a tremendous expansion of industrial
facilities, large military, residential, and other construction, and the record demand for consumer durables, all combined to raise the value of durable good
shipments more than 50 percent. The advance of
nondurable shipments was about one-third. For the
first time on record durable shipments were of larger
value than the nondurables, the former having been
44 billion as against 41 billion for the latter. This was
a significant development from the standpoint of
transport requirements. Durable commodities are in
general more bulky, both in terms of finished goods and
raw materials. Moreover, their production is more
concentrated, so that shipments must be made over a
wider geographic area.
In dollar terms, the value of food shipments last
year surpassed those of any other group. These aggregated about 14 billion, more than a fourth above a year
earlier. Second in terms of total value were the shipments of iron and steel and their associated products,
which advanced approximately one-half to 13 billion.
Actually, the physical increase in shipments of iron
and steel relative to food was larger than these figures
indicate, as higher prices were of more significance in
swelling the total value of food shipments.
Table 2.—Estimated Dollar Value of Manufacturers' Shipments
[Billions of dollars]
Industry
allied products (5.8 billion) and paper and allied products (3 billion), these totals representing gains of 35
percent and 30 percent, respectively.
Corporate Earnings in 1941
Corporation earnings during 1941 rose substantially
over the aggregate of the preceding year. A preliminary tabulation of the reports thus far made available
suggests that earnings after taxes for all corporations—
which include small firms as well as large—increased to
approximately 7.2 billion dollars.1 This total repFigure 3.—Value of Manufacturers' Shipments
BILLIONS OF DOLLARS
60
I NONDURABLE-GOODS
40
20
w,
1939
1939
1940
1941
INDUSTRIES
I DURABLE- GOODS INDUSTRIES
1940
1 9 4 1 o.oAz-ao
Source: U. S. Department of Commerce.
resents an estimated advance of 30 percent over the 5.5
billions of last year. It was almost three-fourths above
the 4.2 billions of 1939.
29.2
23.0
44.2
Total, durable goods
29.5
31.6
40.7
Total, nondurable goods..
The rise in earnings during 1941 was achieved despite
Iron and steel
8.3
6.6
12.8
the considerable increase in taxes on corporate profits
Transportation equipment. _.
.9
1.6
4.2
Electrical machinery
2.3
3.6
1.7
and a very sizable wage rate advance. The Revenue
Other machinery
3.3
4.2
6.6
Automobiles and equipment..
6.9
4.0
5.3
Act of 1941 increased the yield from corporate taxes by
Food
10.6
14.3
11.2
close to 1.5 billions dollars, thus cutting in half the
3.9
4.2
Textiles
6.4
2.0
2.3
Paper
3.0
earnings increase that would have been recorded under
3.8
4.3
Chemicals
5.8
the 1940 tax law. In the matter of wage rates, the
Source: U. S. Department of Commerce.
advance was general, permeating all sectors of business,
and
as suggested by the figure on page 2, the upward
By far the largest expansion of shipments occurred in
revision
in many instances was the largest on record.
the transportation equipment group, which includes
These
wage-rate changes were more than offset
such important arms industries as aircraft, shipbuilding,
throughout
industry by a rise in prices. Wholesale
and the railway equipment manufacturers, but excludes
prices
of
all
commodities other than farm climbed an
automobiles. Shipments from these industries were
average
of
11
percent within the year. This may be
valued at more than 4 billion in 1941 as compared with
contrasted
with
an average wage-rate increase of 9 per1.6 billion in 1940. Shipments of machinery (including
cent
received
by
two-thirds of the workers engaged
electrical) were at an all-time peak of 10 billion, an
in
manufacturing.
In this connection, it bears recalling
advance of 57 percent over 1940, while some 7 billion
that
little
more
than
a third of the value added by
dollars worth of automobiles and various types of
manufacturing represents wage payments; for the
equipment (including war material) were moved from
national economy as a whole, only about one-half the
the hands of producers, an increase of 30 percent.
value of all goods and services produced goes to pay
Of the other nondurable groups, a larger output and
1
estimate is meant to compare with the corporate profit volume as reported
higher prices were of about equal importance in raising by This
the Statistics of Income. For that reason, the profits reported by many firms
the value of textile shipments some 52 percent to a total have been adjusted in an effort to derive the figure corresponding to the legal definition for tax purposes. Such adjustments this year were almost invariably upward,
of 6.4 billion. Other commodity groups whose ship- as
many firms set aside large reserves for various contingencies not allowable as
ments had a substantial value included chemicals and deductions under the tax laws.
Total, all industries (including printing, publishing, and
miscellaneous)
56.9
66.0
92.0
8
SURVEY OF CURRENT BUSINESS
wages and salaries. Hence, higher prices were not a
little responsible for the rise in profits.
Also of major importance in increasing earnings was
a further expansion of production and sales. Physical
economies incident to an enlarged output appear to
have been much smaller last year for most lines than
in 1940, when plant operations were raised from relatively low levels. Nevertheless, the large volume of
costs which change but little as production is increased
were spread over a greater output, and this, along with
heavier sales, helped earnings.
Still a final factor influencing aggregate returns was
the change in the structure of output. Durable goods
became a larger proportion of the total, and many new
facilities were added to these lines. Such industries
usually employ more capital than others and their
earnings are larger at high operating levels.
March 1942
Smaller Rise in Earnings of Large Industrial Corporations
It is of interest to note that the gain in earnings reported by a number of the larger industrial corporations
was, on the whole, smaller than that estimated for all
manufacturing corporations. According to a compilation made by the Federal Reserve Board (shown in
Figure 4.—Quarterly Profits of Large Industrial Corporations
MILLIONS OF DOLLARS
Heavy Earnings in Manufacture.
Considerable variation existed in the extent of the
profit gain as reported by different broad industrial
groups. At the extremes, for example, earnings of contract construction and transportation companies rose
about three-fourths from a relatively low base in 1940;
whereas, power and gas companies actually experienced
a decline in their net return.
Manufacturing lines account for well over one-half
of the total profit volume. Increases in these industries
during 1940 had been above the average for other broad
groups. For 1941, however, the magnitude of this advance was reduced to around one-fourth, less than that
reported by most of the other categories. Again the
durable-goods industries which expanded output most
rapidly showed a relatively larger rise in earnings than
most of the nondurables. Net returns of the automobile and automotive-equipment producers were up
close to 30 percent, while those of all other metal and
metal-product manufacturers apparently rose approximately a fourth.
Within this latter group, producers engaged in turning out equipment for the war program reported an
exceptionally heavy increase in net earnings; some of
these companies, such as the railroad-equipment producers, had relatively low earnings prior to their armament business, however.
The rapidly growing machinery industry also reported larger profit gains, as
did the manufacturers of agricultural implements, hardware, and tools. On the other hand, iron and steel producers showed profits as increasing little more than an
eighth; whereas a year earlier they had been almost
doubled.
The increase in earnings has in general been smaller
for the nondurables—even including those chemical
lines that have grown rapidly. Both producers of food
products and textiles reported larger earnings in 1941.
These manufacturers not only had expanded sales considerably but they also had received substantially
higher prices.
AUTOMOBILES AND ACCESSORIES
-50
150
moN
AND STEEL
(26
CO/* PANIES)
100
A
-50
i
i
*
J\
50
i
1 1
1
INDUSTRIAL
1 1 !
1 ! 1
CHEMICALS
I
I i
I
I 1
1 1
1
1
S
1
i
! 1
(** COMPANIES)
FOODS, BEVERAGES, CONFECTIONERY, AND TOBACCO (34 COMPARES)
1934 1935 1936 1937 1938 1939 1940 1941 1942
O.O. 4/-40O
NOTE.—The companies included in these series are, for the most part, large companies in the durable-goods industries and consequently the series are not representative of small corporations.
Source: Board of Governors of the Federal Reserve System.
figure 4), 362 large industrial corporations received
profits in 1941 averaging about 17 percent above the
1940 aggregate. As revealed by figure 4, magnitude
of the change in the various industrial lines was smaller
for these large corporations, but the degree to which
they differed from one another paralleled that for all
(Continued on p. 17)
March 1942
9
SURVEY OF CURRENT BUSINESS
War Expenditures and National Production
By Milton Gilbert
the initiation of the rearmament program in
FROM
the middle of 1940 to the attack on Pearl Harbor,
the American economy experienced a phenomenal
increase in activity. The adjusted index of industrial
production rose from 116 in May 1940 to 167 in December 1941 and the index of income payments from
110 to 149 over the same period. Civilian nonagricultural employment increased by 5,500,000, concurrent with an increase in the armed forces of more than
1,500,000, and the average factory workweek rose
from 37 to 40.5 hours. The national income was
expanded over this period from an annual rate of 75
billion dollars in the middle of 1940 to an annual rate
of about 104 billion at the end of 1941.
This tremendous spurt in economic activity not
only allowed a substantial start to be made in the
rearmament effort, but produced record output of
many types of civilian goods, including those for both
consumption and capital formation. In other words,
the increase in military expenditures from under 3
billion dollars in 1940 to over 13 billion in 1941, far
from being associated with a reduction in civilian
consumption, was actually accompanied by the highest
level of consumption in our history.
Since the attack on Pearl Harbor and our entrance
into war in both Europe and Asia, the military program
has been increased substantially so as to provide the
overwhelming superiority necessary to insure complete victory. The President announced in his budget
message that military expenditures of 56 billion dollars
would be required in the fiscal year 1943. It has been
generally recognized that the expenditure of this huge
sum for equipping and maintaining a large armed
force and for assisting the Allied Nations will necessitate
sweeping changes in our economy. The nature of these
changes, however, have not been fully understood.
While many details of the supply situation a year hence
cannot possibly be foreseen today, we can inquire into
the general character of the economic requirements of
total war and into the implications of those requirements
for present policy.
Comparison of National Income and War Expenditures.
It may prove of assistance to some readers to discuss
briefly one of the sources of confusion concerning the
impact of the war program upon the economic structure; namely, that which has arisen from inappropriate
comparisons of war expenditures and national income.1
The total of war expenditures expressed as a percentage of national income, can be used to symbolize the
1
For a more complete discussion of this problem, see: "Measuring National Income as Affected by the War," a paper presented by the writer at the annual meeting
of the American Statistical Association, December 27, 1941.
445913—42
2
general magnitude of the war effort, or its changes over
time. However, the projected war program of 56 billion
dollars frequently has been subtracted from a forecasted
national income total for the fiscal year 1943, in the
belief that the remainder would represent the output of
goods and services available for civilian consumption.
This remainder is then contrasted with one calculated
for 1941 and a conclusion is drawn as to the extent of
curtailment of consumption required to realize the war
program.
For example, projected war expenditures of 56
billion dollars have been subtracted from an assumed
Figure 5.—Utilization of Gross National Product, 1940-41, and
Requirements of the War Program for the Fiscal Year
1943
BILLIONS OF DOLLARS
150
125
k-NATIONAL DEFENSE
100
(^FEDERAL NONDEFENSE
STATE AND LOCAL
PRIVATE GROSS CAPITAL FORMATION
CONSUMERS' DURABLE GOODS
^CONSUMERS' NONDURABLE GOODS
AND SERVICES
25
1940
CALENDAR
1941
YEARS
i Calculated in 1941 prices. Represents calculated requirements, not a forecast.
Source: U. S. Department of Commerce.
national income total for fiscal 1943 of 110 billion,
leaving a residual of 54 billion. In 1941, on the other
hand, defense expenditures were 13.2 billion and
national income 94.5 billion, leaving* a comparable
residual of 81.3 billion. It is then concluded that goods
for consumers must be cut by a third if the real resources
required for the war program are to be made available.
Such a use of national income and war expenditure
statistics does not produce useful or significant results.
It does not show the real character of the economic
problem and cannot yield proper directives for economic
policy. It does not show the disposition of economic
resources required for the fulfillment of the war program, the changes that are necessary in the structure
of production, nor the nature or magnitude of the fiscal
problem involved.
The reason is that the national income is a type of
aggregate which is not strictly comparable with the
total of war expenditures. The latter figure represents,
largely, purchases of the current output of goods and
10
SURVEY OF CURRENT BUSINESS
services, measured in terms of market prices paid.
Therefore, the statistical quantity with which it can
legitimately be compared is the aggregate of all final
goods and services produced within a given period,
valued at their market prices. The national income,
on the other hand, measures the net value of current
output as the sum of the net returns to the various
factors of production in the form of wages, salaries,
interest, rents and royalties, and net profits earned.
Further incomparability arises because total war outlays include several types of expenditure which do not
utilize current output, and which cannot, therefore, be
compared with or subtracted from current output.
There are two major changes which must be made
in order to convert national income into a measure of the
aggregate of goods and services at market prices.2 In
the first place, a significant proportion of the proceeds
realized from the sale of privately produced goods and
services accrues directly to the Government in the form
of corporation income taxes, excise taxes, and other
business taxes and does not ever appear in the income
accruing to any of the factors of production. Thus,
it does not appear in the national income. The Government, itself, in other words, may be said to be the
recipient of a distributive share of the income paid out
by business. Clearly, the amount it receives in this
fashion must be added to the national income if a total
is to be built up which measures the value at market
'prices of all final output. In the second place, it is desirable, in analyzing the impact of war expenditures upon
the national economy, to consider the gross output of
capital goods.3 But in computing the national income,
current depreciation and depletion are deducted from
gross capital formation in order to yield a net figure.
Therefore, these amounts, too, must be added back
in order to yield an aggregate of the type required.
The quantity derived by making these two additions to
national income may be designated as the gross national
product or gross national expenditure at market prices.*
Gross national expenditure (or product), as thus
defined, consists of two elements. First, it must contain the value of the output of private enterprise at
market prices. This component could be obtained by
summating the sales of all business units, adjusting for
changes in inventory, and then deducting interbusiness
purchases. The figure for the value of output of private
enterprise that would be obtained by this computation
»It may be pointed out that the incomparability between national income and
war expenditures can be eliminated by converting war expenditures to a factor cost
basis, as well as by the method used here. The writer believes that for general analysis
the method used here is both easier to grasp and presents fewer statistical difficulties.
3 For some purposes, of course, it is desirable to compare war expenditures with
net national product. That procedure might bring into sharper focus, perhaps,
the fact that net capital consumption is an important source of war finance in real
terms. However, the accounting measure of depreciation and depletion is so faulty
an indication of capital consumption—particularly in war time when rates of obsolescence become fairly negligible—that it was considered less ambiguous to use
gross product for the purpose of this article.
* The terms "gross national product at market prices" and "gross national expenditure' 5 are used interchangeably in this article. Those accustomed to using the gross
national product estimates of Professor Kuznets will recognize that his concept
differs materially from that presented here, because the two measures were designed
for different purposes.
March 1942
can best be visualized as the income from sales that
would be shown on a consolidated income statement for
all private business, with adjustment for changes in
inventory holdings. In addition, the gross national
product aggregate must contain the value of the goods
and services produced directly by the Government in
terms of their cost to the Government. This sum
could be obtained by adding the various payments
made to factors of production employed directly by
Government. The sum of these two components could
then be broken down by various categories of expenditure so as to show the relation of war expenditures to
those for other types of goods and services.
Direct estimates of this concept of gross national
expenditure at market prices, derived by multiplying
the various quantities of goods produced by their market prices, are not available. However, indirect
estimates can be derived through the national income
statistics and certain other available data. The results
must, of course, be tentative but it is believed that
sufficient accuracy can be obtained to clarify the economic problems associated with the conversion to a war
economy. The additions to national income that are
required to approximate the concept of gross national
expenditure defined above are shown in table 1.
Table 1.—Derivation of Gross National Product at Market
Prices From National Income (at Factor Costs)
[Billions of dollars]
Item
Gross national product at market prices
National income
Corporation
income, excess profits, and capital stock
taxes 2
Other business taxes 3
Depreciation and depletion 4charges
Other charges and reserves
Inventory revaluations
1939
1940
1941 i
86.3
70.8
94.3
77.2
114.7
94.5
1.6
7.8
5.2
1.1
— .2
2.4
8.2
5.4
1.0
6.4
9.4
5.9
1.5
-3.0
+ .1
1
2
3
Preliminary.
Federal and State taxes, accrual basis.
Excise, sales, and other direct business taxes, plus 75 percent of State and local
property taxes. Excludes pay-roll taxes, which are included in national income
estimates.
4
Emergency and contingency reserves and bad debt allowances.
Source: U. S. Department of Commerce.
At the cost of some repetition a few comments may
be added to clarify the relation between these two
concepts. National income is equal to the net value of
economic goods produced as represented by the sum of
the returns paid or accruing to the various factors of
production. It consists of salaries and wages, various
supplements to labor income, entrepreneurial withdrawals, interest, dividends, net rents and royalties,
and undistributed profits after taxes but before capital
gains and losses. The national income, therefore,
already contains the cost value of Government production which forms one component of the gross
national product. So far as the output of private
enterprise is concerned, however, the national income
does not contain the whole of the income from sales that
would be shown on the consolidated income statement
of all private business. It contains only such revenues
that are transferred or that accrue to the various
March 1942
SURVEY OF CUREENT BUSINESS
factors of production. And, while this total represents
the bulk of business revenues, it does not equal them.
The major charges against business revenues which
must be added to factor incomes to approximate the
sales value of private enterprise output are, as indicated previously, all taxes paid by business and accounting depreciation and depletion.
There are also other categories of reserves which can
be estimated only in part at this time. The addition
of "business taxes" and "other charges" to the national
income are required in order to convert the sum of the
factor returns to the sales value of output at market
prices. The addition of depreciation and depletion
charges is required because of the desirability of considering the gross output of capital goods in this
analysis.
An adjustment for revaluation of inventory has also
been made in deriving the estimates of gross national
product at market prices. It is of a different character
than the other additions. The purpose of this adjustment is to eliminate that part of the change in the
book value of inventories which represents essentially
a capital gain or loss so as to leave only the current
value of the physical change in inventory holdings in
the gross national product.
It should be pointed out that the estimates of "business taxes" that have been added to national income
in table 1 have nothing to do with the incidence oj
taxation. They consist of those taxes which are paid
by or through business firms as a matter of administration, whether they are passed on to the consumer in
the form of higher prices or not. The first component
of business taxes includes corporate income, excess
profits, and capital stock taxes. This figure does not
include income taxes paid by owners of unincorporated
businesses since these are not deducted from business
income in the estimates of the national income. The
second component contains estimates of all other taxes
paid by business units to all Government units with the
exception of pay-roll taxes paid by employers under the
Social Security system. The latter are included in the
national income as a supplement to labor income.
Distribution of Gross National Expenditure.
In table 2 is presented a breakdown of the gross
national expenditure as defined above, showing, in part,
the type of purchaser and, in part, the type of product
purchased. So far as the purchases of Government
are concerned, these are shown only as either defense
or nondefense. In the sphere of private purchases,
some of the details ol capital expenditure and consumption expenditures are set forth. Before proceeding with an analysis of the data, it may be helpful
to introduce a few words in explanation of the various
items shown. .
The first item of expenditures in table 2 is national
defense expenditures. The figure consists of the
amount shown in the Daily Treasury Statement plus
11
changes in the assets of the various national defense
corporations, apart from changes in their cash balances.
This defense expenditures total, however, does not all
represent utilization of current output as measured by
the gross national product. Consequently, it is necessary to deduct that part which makes no draft on current output. This is the explanation of the negative
figures shown as the second item in table 2. The major
components of this adjustment are net advance payments made to holders of war contracts for which no
goods have as yet been received, purchases of land and
other existing capital assets, apart from inventories,
and offshore expenditures, apart from goods for import
into the United States.
Similarly, in the case of Federal nondefense and
state and local expenditures, the items included in the
table are not gross budgeted expenditures but only such
parts of Government outlays as are used to purchase
current output of goods and services. Budgeted
expenditures have been adjusted to eliminate such outlays as inter-governmental transfers, direct relief, Social
Security benefits, veterans7 pensions, purchases of land,
etc., since none of these appear in the estimate of gross
national expenditure. The figures include all Government production of goods and services utilized by
Government, as well as that part of the current output
of private enterprise which was purchased by Government.
Table 2.—Composition of Gross National Expenditure,
1939-41, and Estimated Requirements for Fiscal Year 1943
[Billions of dollars]
Item
Gross national expenditure (or product)
Government expenditures for goods and
services
National defense expenditures 2
Prepayments, land, etc. 3
Federal nondefense 4
State and local 8
Private output for private use 8
Private gross capital expenditures
Construction:
Residential
Factory and public utility
Other
_•
Equipment
Net change in foreign claims ">
Net change in inventories 8
Consumers' purchases B
Durable goods
Nondurable goods and services 8
1939
1940
1941
19431
,6.3
94.3
114.7
132.0
15.3
1.4
16.2
2.8
-.3
5.7
8.0
78.1
13.1
24.7
13.3
-1.5
5.1
7.8
90.0
16.2
64.5
56.0
-3.0
4.5
7.0
67.5
3.5
2.3
1.1
1.0
5.6
1.3
2.7
1.4
1.1
6.5
1.5
.5
.8
.2
3.0
.5
-1.5
64.0
3.0
61.0
6.0
7.9
71.0
10.0
2.0
4.2
.8
+1.3
61.0
7.2
53.8
+1.8
65.0
8.4
56.6
+3.0
73.8
10.5
63.3
1
Fiscal year. All values in 1941 prices. Represents calculated requirements, not
a forecast.
2 Daily Treasury Statement total, plus changes in assets of national defense corporations (except for changes in cash balances).
3 Adjustment to eliminate expenditures which are not against items included in
the4 gross national product.
Excludes transfer expenditures not included in the national income estimate.
8
Based npon tax estimates plus changes in long-term debt. Excludes transfer
expenditures.
6
Includes output of public service enterprises for private purchase.
7 Does not include lend-lease shipments.
8 Current value of physical change in inventory holdings. Does not include
Government stock piles.
• Residual.
Source: U . S . Department of Commerce.
Increase in Output in 1941.
The data in table 2 show the changes in the output
of goods and services which occurred in 1941. The
total increase in gross national expenditure was approximately 20 billion dollars in comparison with an increase
12
SURVEY OF CURRENT BUSINESS
of the national income of 17 billion. The latter increase
in the national income, however, makes no allowance
for the upward revaluation of inventory holdings for
which an adjustment was made in the gross national
expenditure. If this adjustment were made in the
national income estimate, there wrould be shown an
increase in 1941 of 14 billion dollars in contrast to the
gross national expenditure increase of 20 billion.
In part, the substantial rise in the current value of
the gross national product was accounted for by rising
prices. The change in the level of prices of the goods
and services which were paid for by net national
defense outlays is not known. In the civilian sector of
the economy, however, the price index appropriate to
the national income rose 6 percent. This would indicate a real increase in the gross national expenditure
in the neighborhood of 14 billion dollars as against
the current dollar increase of 20 billion.
There was, consequently, a very impressive rise in the
real output of total goods and services. It may be seen
from the table that, apart from the current output of
goods and services utilized by government units for
nondefense purposes, every category of expenditure
shown in table 2 increased. In addition to the net rise
in defense expenditures of almost 10 billion dollars,
private gross capital formation was expanded by 3.1
billion and consumer purchases by almost 9 billion.
Several factors account for the sizeable expansion
of real output in 1941. In the first place there was a
large rise in man-hours employed in nonagricultural
pursuits. On the average, 3 million more persons were
employed in 1941 than in 1940. Furthermore, the
average length of the work-week increased from 38.5
in 1940 to 40.5 in 1941. In all probability, there was
also an increase in labor productivity, always particularly marked in periods of expanding productive
activity. Moreover, another factor contributed to the
expansion of real output (as customarily measured)
which is often overlooked. That is the shift in the
percentage composition of total output from industries
of relatively low value of output per man-hour to
industries of high value of output per man-hour. Such
a shift occurs in every period of business expansion as
the output of durable goods industries increases relative
to that of nondurable goods. This shift is particularly
significant during the transition to a war economy
since the value of output per man-hour in war industries is very high.
March 1942
but which cannot be merely assumed into being.
Their attainment will only be assured by clear vision
and strenuous effort on the part of Government, industrial management, labor, and agriculture. It should
be particularly evident that the values used below are not
forecasted values as they are based upon average prices of
The basic and primary objective of economic policy
must be the fulfillment of the production schedules contained in the war program of 56 billion dollars set forth
in the President's budget message. Of this total expenditure projected for the fiscal year 1943 it may be
anticipated that a possible minimum of 3 billion dollars
will represent outlays which do not utilize currently produced goods and services. This sum will consist of
prepayments on defense contracts, purchases of existing
capital assets, and offshore expenditures for labor,
materials, and services. This last item, in particular,
can be expected to be much larger than it was in 1941.
Therefore, the net utilization of the gross national
product for war purposes, including such civilian needs
as defense housing, is taken as 53 billion dollars. In
contrast, the net expenditure in 1941 was approximately
11.3 billion dollars. Thus, our primary objective is an increase in net war expenditures of almost 42 billion dollars.
From what real resources must this increase be obtained ?
At the present stage in the transition to a war
economy there are two readily apparent facts of outstanding importance. The first is that the full economic
potential of the Nation has not yet been reached. The
labor force can still be expanded considerably by a
reduction of unemployment and by drawing additional
persons into the labor market. The average work-week
is still far from its maximum. The use of industrial
facilities can undoubtedly be further expanded by more
continuous operation. Furthermore, capacity will be
increased as new production facilities are brought into
operation.
On the other hand, it is just as evident that the huge
war program outlined for the coming fiscal year cannot
be realized by an expansion of production alone, in
view of existing shortages of productive facilities and
raw materials. The production of many sorts of goods
must be discontinued to make way for the production of
materials of war. These two facts mean that the success of the war program is dependent upon both an
expansion of total output and a shift in the composition
of output from civilian to war goods.
Economic Requirements of the War Program.
Expansion Required.
We may now attempt to map out the fundamental
changes in the gross national product that are essential for achieving the war production program in the
fiscal year 1943. It must be emphasized at the outset
that the requirements set forth in the discussion to
follow do not represent a forecast of the gross national
product or its actual distribution among the various
categories of expenditures. They are intended to
indicate objectives—objectives which can be reached
In broad outline, the disposition of resources required
to meet the war program in the fiscal year 1943 is
shown in table 2. As previously stated, this is not a
forecast; it is intended to show the total output which
must be achieved and the distribution of that output
which is necessary to yield the scheduled increase of
war goods and services.
In terms of average 1941 prices, it is calculated that,
to meet the war production goals, the gross national
March 1942
SURVEY OF CURRENT BUSINESS
product must rise to 132 billion dollars in the fiscal
year 1943, as against the 1941 total of a little less than
115 billion. In part, of course, this expansion has
already occurred, since the present rate of gross output
on an annual basis is much above that recorded for 1941.
The order of magnitude of the expansion to date might
be surmised from the change in the Federal Reserve
index of industrial production, the present level of the
index being about 171 compared with the 1941 average
of 156. The gross national product estimate of 132
billion dollars implies an increase in the industrial
production index to an average of 190 for the fiscal
year 1943. Inasmuch as continued expansion must be
made in the face of curtailment of civilian output, and
from a position of more complete utilization of capacity,
however, the difficulty of the task ahead cannot be
minimized.
This increase in real output is not merely desirable
in the sense that the higher the output of civilian goods
can be pushed, the better off we will be. It is an
increase which is necessary to achieve the production
goals contained in the war program. It is sometimes
thought that greater diversion of production from
civilian to war goods is an alternative to a total increase
in production. But this is not the case with the
program we have undertaken. In the estimates of
requirements presented here all civilian output that
competes with the war industries for either scarce
materials or convertible facilities, apart from the bare
essentials, has been eliminated. This conversion alone,
however, is inadequate to yield the scheduled output of
planes, tanks, ships, and ordnance called for by the
war program.
The resources for achieving this volume of total production are available. They do require, however, effective mobilization and use. It will be necessary to
increase total civilian employment by well above 2 million persons from the 1941 level, in addition to replacing
those drawn off to the armed services. The magnitude
of the labor training task that this implies is hardly yet
realized, except in the agencies directly concerned with
the labor problem. Besides more persons at work, a
lengthening of the average factory work-week from the
1941 figure of 40.5 hours to something approaching 43
hours will be needed.
On the side of industrial facilities, the requirements
are more continuous operation of machinery and equipment, particularly in the war industries and industries
producing scarce material; extensive rationalization and
pooling of facilities; conversion of the bulk of plants
producing durable goods to war production, and the
erection of such new facilities as are needed to meet the
various goals for military and naval equipment.5
In addition to the greater utilization of labor and
industrial facilities, the estimated potential increase in
the gross national product reflects the increased value
5
Sec "Impact of Defense Upon Industrial Capacity and Investment," by M.
Joseph Meehan, March 1942 issue of the Journal of the American Statistical Association.
13
of output that will be derived from the substantial
shift in production from civilian to war goods—even
though calculations are made without allowing for a
price rise in either category. This means that there
will occur, or rather that there must occur, what might
be called an upgrading of the factors of production, or
an inflation of factor costs, as the shift is made from
civilian to war production. Whatever it may be called,
however, it is something quite apart from an increase in
the prices of products. This will occur not only with
labor, but with other factor costs as well, higher managerial and depreciation costs being obvious instances of
the latter. Furthermore, it is quite probable that the
war industries will be carrying a larger tax load in proportion to dollar output than civilian industries, thus
having the same effect upon a measure of total output
in constant prices as upgrading of factors of production.
Table 3.—Changes From 1941 Required to Meetl War Production Program in Fiscal Year 1943
Item
Billions of
dollars
Net increase in projected war expenditures
To be derived from—
Increase in gross product
Decrease in Government nondefense expenditures for goods and
services
Decrease in private construction expenditures
Decrease in private equipment expenditures
Reduction in increase in foreign claims
Reduction of absorption into inventories
Decrease in consumers' purchases of durables
Decrease in consumers' purchases of nondurables
1.4
3.7
3.5
1.0
4.5
7.1
i Prices as of 1941.
Source: U. S. Department of Commerce.
Conversion Required.
The other source from which requirements of the
war program must be met is the conversion or transfer of nonwar output to war goods and services.6 It
is calculated that in the neighborhood of 23 billion
dollars of the equivalent civilian goods output of 1941
could be converted or transferred to the war production
program. To put the matter another way—the war
program calls for a net expenditure of 53 billion dollars
out of a gross national product of 132 billion, leaving,
therefore, only 79 billion dollars of product for all other
uses—Government nondefense, private gross capital
formation, and consumers7 expenditures for durable
goods and nondurable goods and services. This compares with the 1941 figure of 102.5 billion dollars.
It must be recognized for all aspects of economic
policy that the restriction of civilian output from 102 to
79 billion dollars (without allowance for price increases)
cannot be made in accordance with the peace time preference for various sorts of goods. There are, in other
words, severe technical limitations on the composition
of the total of goods and services that can be left for
civilian uses. This is only the complement of the prope Expansion has been discussed before diversion merely to aid the reader in following the data in tables 2 and 3. No implications for "policy" are intended by this
order of treatment. In fact, the substance of the argument is that, after all diversion
possible within the coming fiscal year, we will still need expansion to meet the production program as nowT outlined.
14
SURVEY OF CURRENT BUSINESS
osition that there are technical limitations on the conversion possibilities of the output of civilian goods and
services. In order to make it possible to achieve the
war program, drastic restriction of the output of all
types of nonwar durable goods will be necessary. This
will be dictated alike by the scarcity of the basic raw
materials required in the production of durable goods,
and by the conversion of plant facilities from civilian to
war uses. In itself, therefore, the success of the war
program implies that the vast bulk of durable goods and
construction which went for civilian uses in 1941 must
be cut from all categories of nonwar expenditures.
The approximate effect of the diversion of materials
and productive facilities to war uses is shown in the
changes in nonwar expenditures for the fiscal year 1943
in table 2 and table 3. Quite apart from budgetary or
fiscal considerations, it is estimated that Federal nondefense and State and local government utilization of
currently produced goods must decline about 1.4 billion.
A very heavy curtailment must come in private gross
capital formation and in consumers' durable goods.
Residential construction on private account will undoubtedly be sharply curtailed both because of shortage
of material and because a large quantity of defense
housing will be financed by Government funds. Private
expenditures for nonresidential construction and for
purchases of equipment shown in the table do not represent purely civilian uses of this output, but rather costs
of conversion and new facilities for war purposes which
are financed by private funds. The projected figure of
3 billion dollars for private expenditures on equipment
represents, in part, necessary replacements in essential
civilian industries.7 An exceedingly large decline in
the output of consumers' durable goods is, of course,
inevitable. A possible total of 3 billion dollars for the
fiscal year 1943, as shown in the table, merely represents such types of output as do not compete for materials with war production.
From the standpoint of economic requirements alone,
it is necessary that the upward trend of inventories
over the past three years be stopped and that an actual
decline in the physical stock be achieved in the coming
fiscal year. It was for this purpose that the prov ision
requiring that inventories be restricted to minimum
practicable working levels was included in Priorities
Regulation No. 1.
Obviously, stocks of scarce materials must be fully
utilized if the maximum output of finished instruments
of war is to be reached. This is already one of the
primary objectives of the priorities and allocations
program. It may be expected, too, that the existing
stocks of a fairly wide variety of civilian d urable goods
will move out from business hands as curr ent output is
either shut off or sharply reduced. In civilian nondurable lines where shortages are particularly acute,
* If this figure appears low, it should be recognized that maintenance costs are implicitly carried at their 1941 figure in these calculations.
March 1942
too, a reduction of outstanding stocks can be secured
as a result of direct price control.
It should be the aim of direct inventory control and
of qualitative credit control to ease the strain on the
productive and price system as much as possible by
continuous lowering of outstanding inventories. There
would seem to be little technical difficulty in the way
of a reduction of a billion and a half dollars a year for
three or four years, in view of the present record level
of inventory holdings. This course also recommends
itself from the standpoint of facilitating post-war
adjustment.
A reduction in the net increase in foreign claims of 1
billion dollars from 1941 to fiscal 1943 is shown in
tables 2 and 3. This estimate does not imply that any
careful forecast of imports and exports on private
account can be made in the face of the present uncertainties in the shipping situation. However, a substantial shift from direct purchases in this country by
the United Nations to lend-lease shipments can be
Figure 6.—Changes from 1941 Required to Meet theJ War Production Program in the Fiscal Year 1943
BILLIONS OF DOLLARS
50 1
40
t
DERIVED
FROM
INCREASE
IN
GROSS
PRODUCT
30
PROJECTED
\\^\^\\\
^^\\\\^ \
INCREASE
IN
WAR
PRODUCTION
-GOVERNMENT
DIVERSION
^^^^^^
^ ^ ^ ^ ^
NONDEFENSE
-PRIVATE GROSS CAPITAL FORMATION
10
CONSUMERS'
OL
DURABLE
GOODS
CONSUMERS' NONDURABLE
AND SERVICES
GOODS
i Calculated in 1941 prices.
Source: IT. S. Department of Commerce.
assumed and this will have the effect of reducing the
yearly increase in net foreign claims. It may be mentioned that curtailment of imports arising out of the
shipping shortage, will be offset to some extent by curtailment of exports (apart from lend-lease shipments).
Consumers' Goods Curtailment.
It is calculated that total consumer expenditures for
privately produced goods and services must decline
at least from 74 billion dollars in 1941 to 64 billion in fiscal 1943, valuing the goods and services in
the latter year at 1941 prices. A sharp curtailment in
the availability of durable commodities purchased by
consumers is already implicit in the orders issued by
the War Production Board and further diversion of
materials and facilities can be expected. For nondurable goods and services, however, it is calculated
that total supply will be restricted much less severely
from the 1941 volume.
March 1942
SURVEY OF CURRENT BUSINESS
As the extent of the decline indicated for fiscal 1943
is markedly different from other forecasts of quick and
drastic deterioration of the standard of living, a fewadditional comments may be desirable. The requirements of the situation with regard to durable goods are
generally recognized and can be passed over. In the
field of consumers' nondurable goods and services, it is
evident that there will be some conspicuous curtailments. There are additional items in which the continuation of present supplies is far from certain. The
sum of these inevitable and possible curtailments, however, do not constitute a major portion of the consumers7
budget for purchases of nondurable goods. It should
be remembered in this connection that, while a large
volume of nondurable goods will be required for the
armed forces and for lend-lease shipments, it is expected that these will be provided for largely by an
increase in agricultural production.
On the other hand, there are some kinds of consumer
expenditures for which available supplies can and will
be increased as the pressure of demand rises. It is to
be expected that some substitutes will be found, that
consumers' demand will spill over into areas where expansion is possible, and that a fairly substantial increase in consumers' expenditures for services will occur.
Furthermore, deterioration of quality in some lines,
which will tend to maintain quantities and yet not show
up as a price rise, is more than probable.
This view of the matter rests, obviously, on the belief that the limiting factors in nondurable goods and
services will be raw materials and productive facilities
—not a general shortage of labor. The fact that a
skilled labor shortage is already upon us is much more
serious for the prospects of war production than it is
for consumers' goods and services output.
Predictions of curtailment of consumption by a third
or more would appear, therefore, to overestimate the
possibilities of conversion and diversion for the entire
gamut of consumers' nondurable goods and services
achievable within a period so brief as a year or two.
They are based on an arithmetic handling of national
income and war expenditures figures which, as has
been shown earlier, rest upon a misconception of the
meaning of these data. It may seem that the rather
strained conditions in consumers' goods markets at the
present time contradict the conclusion that consumers'
expenditures in constant prices need not decline more
than has been indicated above by 1943. The present
strains, however, are due more to constantly rising
demand, including inventory demand, and not principally to general and widespread decline in supply.
It is not contemplated here that output of consumers'
goods and services be maintained at any detriment to
the war program. Any materials or facilities needed for
war production must be diverted. It can safely be left
to the ingenuity of both producers and consumers to
secure whatever increase in the production of consumers'
goods and services that is possible. The essential
15
government policy that is required is that of inventory
control in order that the potential output of final products should not be retarded by hoarding of materials.
It might also be pointed out that the reduction in the
current output of durable consumers' goods greatly
overstates the sacrifice that is imposed upon current
consumption in a real sense. Current consumption is
derived not only from the current output of these goods
but from the vastly larger stock of durables already in
the hands of the public. The services that will be
derived from the existing stock of consumers' durables
such as owner-occupied homes, automobiles, radios,
household equipment, etc., is not given a value in estimates of current production. In any consideration of
the standard of living, however, these services must have
a heavy weight.
The contribution to the war effort that must be made
during the period here discussed (through fiscal 1943) by
the civilian population as a whole, therefore, is not one of
seriously impairing its standard of living. This situation will prevail so long as the size of the armed forces is
not so large as to strain our total labor potential and to
actually curtail the food supply and a wide range of
services available to civilians. Of course, the necessary
cut in consumption cannot be applied equally to all
consumers, since an increase in employment means that
some persons will be better off than formerly. Then
too, all civilians must expect to have a somewhat
different assortment of goods and services in 1943 than
they had in 1941—an assortment which excludes some
of the most desirable items. It should be possible to
make these adjustments without great difficulty. The
vital contribution which the civilian population must
make, therefore, is that of working harder and longer so
that the production goals of the war program can be
achieved.
This appraisal of the supply potential for total consumers' goods is necessarily tentative and need not be
debated. Shortages of nondurable materials or army
requirements of nondurables may well prove to be
much greater than now seem probable. There is one
important conclusion, however, that must not be
overlooked. That is, that the conversion possibilities
in consumers' goods industries of both facilities and
materials are strictly limited and can yield only a
limited quantity of instruments of war. For the rest,
there must be conversion of capital goods industries as
well as overall expansion.
The point to be made is just this. The major decisions regarding conversion of consumer durable goods
industries such as automobiles, electrical appliances,
etc., have by and large been made. It can be assumed,
also, that the armed forces and Britain will get what
food and clothing is necessary or can be shipped.
Beyond that, however, the consumers' goods industries
have little to offer that can be of assistance to the war
program. If, therefore, railroad equipment, farm
machinery, trucks, or other capital goods are produced
16
SURVEY OF CURRENT BUSINESS
instead of tanks and guns, we cannot expect to s3cure
the resources for the armaments by cutting itsms of
consumption which are physically incapable of contributing to armaments. We must recognize that all
resources are not shiftable. Consequently, the same
standards of necessity must be imposed upon capital
goods output as are being invoked in the case of consumers' durables if our war potential is to be realized.
As a corollary it may be mentioned that continuous
upward revision of the war expenditures total cannot
be made on the assumption that the only necessity for
its fulfillment is further restriction of consumption.
Regardless of where one may put the point, there is
necessarily a point below which resources devoted to
consumption cannot contribute to the war program.
Higher figures for war expenditures after that (assuming
maximum conversion of capital goods industries) imply
either overall expansion or inflation.
Estimation of Fiscal Requirements.
Just as inappropriate use of the national income concept can lead to misconceptions regarding the prospects
for consumers7 goods output, so it can lead to a vast
exaggeration of the fiscal program needed to prevent
inflation. Errors are common on both the supply and
demand sides of this question. On the supply side, as
has been pointed out earlier in this article, the quantity
of consumers' goods likely to be available is often
greatly underestimated by direct subtraction of war
expenditures from national income.
On the demand side, several common pitfalls may be
mentioned. The national income cannot be used as if
it measured income in the hands of the consuming
public. The measure of Income Payments to Individuals is the more appropriate concept for this purpose.
Even with this measure, however, it should be kept in
mind that the tax liabilities of individuals must be deducted to arrive at disposable income of consumers.
As to the magnitude of consumers' income in fiscal
1943, errors are frequent because of a failure to offset
the leverage of war expenditures by the reduction of
private capital formation which the war program
requires. The business funds that are made redundant
March 1942
through the limitation on investment possibilities,
thereby lose their income creating effect. By and
large, this offset will come about automatically if plant
and equipment investment is prevented by priority
and allocation control. For the flow of investment
funds into inventory purchasing, however, contraction
is far from certain until direct controls of both inventory
holdings and retail prices are instituted.
In calculating the volume of spending that is likely
to reach the market it is also necessary, of course, to
take account of individuals' savings out of disposable
income. The amount of such saving will tend to increase substantially because of two factors. The first
and most important will be the non-availability of
durable goods usually purchased by consumers. It
cannot be expected that the whole of the purchasing*
power not spent for such goods will be saved. However, the necessity of continuing payments on outstanding consumer debt at a time when new debt creation
will be curtailed simply because sales are curtailed,
will absorb a substantial amount of buying power.
Consumer credit outstandmgs may decline by more
than 4 billion dollars this year, and by as much as
3 billion during the coming fiscal year.
A second factor tending to increase the volume of
individual saving is the Defense Savings Bond campaign. While all sales of bonds and stamps do not
represent a net addition to saving, they are undoubtedly
having their effect in limiting consumers' expenditures.
It need hardly be emphasized that there are important factors tending to increase consumers' income that
should be considered. The possibilities with regard to
upward adjustments of wage rates and farm income,
quite apart from the increase that will flow from
greater employment and production, are too apparent
to need elaboration.
There has been no intention here, therefore, to minimize
the inflationary danger. The index of income payments
has risen over the past 7 or 8 months at the phenomenal
average rate of almost 3 points per month. Against this,
we face an inevitable reduction in the supply of consumersy
goods. The cold facts should be sufficiently impressive,
without any exaggeration of the magnitudes involved.
17
SURVEY OF CURRENT BUSINESS
March 1942
(Continued from p. 8)
manufacturing corporations. Thus, large-scale producers of durables, including automobiles, other transport equipment, iron and steel, machinery, and the
like, had somewhat heavier gains than did the producers
of most nondurables.
Several reasons may be offered for the smaller
profit rise in the larger corporations. Taxes generally
bear more heavily on them, both locally and in the
case of Federal levies. Moreover, the expansion in
output possible for these companies last year was less
than that realized by some of the smaller firms, and,
in general, the smaller concerns operated in an
unusually favorable market.
relatively fixed in the face of heavier operations.
Hence, the much larger volume of business they were
called upon to perform last year (freight carloadings
rose 16 percent and passenger car-miles were up 22
percent) increased their net return, by about seveneighths over the 1940 volume. A large advance in
earnings also was reported for water transport companies, both seagoing and inland.
On the other hand, profits of power and gas companies were down approximately a tenth from 1940.
Most of these companies have rate schedules that are
graduated downward with increased sales. While
sales were up 18 percent, rising labor, fuel, and tax
costs wore not offset by an upward revision in rate
schedules; so earnings were reduced.
Profit gains reported by those engaged in wholesale
and retail trade compared favorably with manufacturing, the increase for the trade group as a whole
being estimated at the average for all corporations, or
about 30 percent.
Sharp Advance in Transport Earnings.
In percentage terms, the most substantial increase
in earnings recorded by any of the broad industrial
groups during 1941 was in transportation. The steam
railways accounted for the bulk of this expansion, but
from a rather low total in 1940. The carriers have an
exceptionally large proportion of costs remaining
NEW OR REVISED SERIES
Table 7.—EMPLOYMENT AND PAY ROLLS IN OHIO 1
[1935-39 = 100]
Month
1923
1925 I 192(> . 1927
1934
1923
1935
1936
1937
1939
1940 1941
Manufacturing employment
January...
February...........
March
.
April
iVfay
June.. .
- .. ..
July
August
_
September
October
November
December...
98.2
101.5
105.7
105.8
107. 0
107.9
104. 6
105.1
103.1
102.6
101.9
100.3
101. 3
103. 7
104. 7
103. 2
98. 1
92. 0
90. 2
91. 8
94. 3
95.1
93. 8
95. 5
99.4
100. 7
102.4
103.0
103. 5
103. 4
103. 0
104.1
106. 6
107.4
107. 0
105. 9
105.3
106. 0
106.9
107.6
106. 7
107.1
106.4
108.1
110.5
110.4
106. 8
104.6
103. 0
106.9
108.9
108. 6
108.1
107.4
103. 9
103. 9
103.9
102.6
99.9
99.3
101. 3
106. 0
108.3
107.9
109. 2
110. 2
109.8
.112. 4
114.2
113. 9
112.9
112. 7
115. 7
119.8
121. 1
122. 0
123.0
123. 5
121.9
120.6
119.5
117.9
109. 3
105.1
105. 6
106.4
106. 9
108.2
107. 2
103. 4
98. 7
95. 7
94. 5
91. 2
88. 0
87. 8
85.5
86.8
88.3
89.0
88.6
87.1
83.8
82.4
80.9
79.0
76.3
75. 5
74. 5
75. 1
73. 4
71. 2
69. 8
68. 9
66. 4
63. 1
64. 6
65. 8
65. 9
65. 1
65.0
65.9
61.5
64.9
70.4
77.7
83.4
87.8
89.7
89.2
86.3
85.9
85.1
91.5
96.0
98.5
100.5
100.0
95.5
93.9
90.5
87.8
89.3
91.4
94 9
99.3
101 0
100 8
99 4
97 2
95.0
96. 5
99 5
100. 8
100. 5
100. 5
99.8
99.8
97.4
103. 3
104.6
103.8
104.6
106.0
108.5
110.5
111.1
112.9
110.0
114.7
116.5
117.9
120.5
109.7
116.0
116.1
117.1
116.1
107.8
101.4
90. 7
90.2
89. 1
86. 4
83. 6
81. 5
80. 7
83. 2
86. 5
88. 2
91. 0
92. 5
91. 0
92.1
93. 4
92.7
91. 3
91. 5
90. 8
93.4
97. 7
102. 6
104. 0
104. 7
102 5
102. 1
101. 1
99. 8
99. 5
100. 8
102.0
104. 4
108.1
111. 0
112.9
114. 8
116.6
120.0
123.0
125.9
129.0
131.8
134.6
136.6
138.6
137.5
137.2
136.9
Monthly average
103. 6
97. 0
103. 9
107. 2
104. 7
109.9
118. 3
99.
83.6
68. 7
77.3
93.3
98.8
105.2
113.7
87. 0
95. 4
104. 9
130.6
Manufacturing pay rolls
1
January
February .
March.
April...
May..
June
July
.
August
September.. .
October...
November
December.........
I
I
i
- -
•
- -
1
i
1
j
•• i
-
-
i
Monthly average
!
90.5
90.7
89.5
83.7
79. 5
74.9
69.8
68.2
62.7
j 63.0
63.7
64.8
61.7
56.8
54.2
54.1
46.3
45.4
46.8
47.4
46.6
45.0
45.2
44.5
40.4
46.5
56.7
64.5
66.6
70.7
67.3
67.2
63.4
63.4
66.7
71.2
81.0
82.9
87.4
82.9
74.3
72.4
66.3
72.0
70.5
74.3
79.7
89.3
90.3
91.0
84.4
83.2
78.7
84.1
89.7
92.5
93.8
98.3
92.6
91.6
93.0
101.1
104.4
104.3
100.9
104.3
104.9
112.6
116.2
121.2
113.8
123.9
130.8
136.8
136.9
119.6
126.3
131.2
126.3
125.6
109.3
96.6
79.3
79.4
79.5
76.8
75.5
73.0
71.8
79.2
84.9
90.3
95.0
98.6
93.5
96.9
99.2
95.5
93.7
97.2
93.2
100.9
105.0
119.4
119.7
123.2
114.2
111.5
111.4
109.0
110.1
114.3
112.7
121.0
126.5
132.5
135.1
142.8
142.9
152.7
159. 8
167.0
176. 6
186.3
188.3
190.4
190.9
195.7
194.9
202.8
77.3
52.7
58.0
75.2
87.9
103.9
123.1
81.9
103.1
120.1
179.0
Construction employment
December
145.2
137. 8
155.1
182.0
207.5
233. 4
243.1
253.7
242.4
235.1
223.1
194.0
160.0
158.1
170. 9
189.5
228.2
245.7
266.2
266. 7
262.0
258. 2
231.8
191. 9
158.1
162.4
180. 6
219.3
246.9
265.1
274.0
274.3
265.5
261.1
234.4
210. 8
158.9
158.1
151.3
181.7
217.2
259. 6
273.8
289. 9
317.7
298.6
283.0
242.6
200.9
205. 4
223.5
247.4
281.8
309.7
323.4
336.8
331. 4
300.7
263.4
212.4
172.3
165. 9
180.8
216.0
250.0
269.6
291. 5
326.7
321.7
316.3
285.4
228.7
166.6
170.4
196.9
227.8
267. 9
299. 3
316.1
321. 5
310.9
313.2
277.1
223. 5
190. 7
192.1
191.2
217.9
220.7
220.2
236.7
228.0
207.0
195.0
169.9
141.1
116.6
123.9
126.8
141.6
144.7
149. 4
148.2
141.6
137. 6
129.3
106.7
88.3
75.3
67.0
63. 0
73.2
78.6
85.7
89.2
89.5
96.3
84.3
71.8
58.5
56.4
50.3
47.4
52.2
56. 6
63.5
63.3
68. 7
66.8
66.3
68.7
64.4
55.7
49.6
47.7
57.8
74.8
89.7
72.0
62.8
62.3
59.2
58.3
51. 0
54.8
56.2
59.2
74.1
84.0
82.6
77.4
80.7
83.6
87.8
82.4
72.7
67.0
57.6
76.5
88.0
108.3
122.7
108.3
108.3
112.4
116.4
123.0
116.1
109.8
120.8
122.3
136.2
147. 3
153.7
157.7
165.0
169.0
165.9
155.8
106.9
94.6
87.1
86.2
88.7
91.3
86.9
86.2
85.2
84.3
81.7
83.1
75.5
67.7
67.5
76.5
82.6
101.5
104.3
118.7
112.4
112.6
113.1
104.3
97.5
74.5
73.2
73.6
84.3
101.1
112.3
116.5
122.4
122.8
129.3
121.1
116.0
111.3
114.6
116.8
139.8
150.8
163.0
166.5
167.7
164.7
162.3
157.2
146.4
Monthly average
204. 4
219.1
229. 4
236.0
269.7
252.1
257. 6
200.9
129.6
77.7
60.4
61.7
74.6
100.4
142. 5
85.9
96.6
103.9
146.8
January..
February..
March
April.
May
June
July....
August
September
October
November
.. .
........
i Compiled b y the Bureau of Business Research, Ohio State University. Construction employment covers only general private building construction. T h e employment
indexes are the same t h a t were formerly published in the Survey with the exception that the base period has been shifted from the average month 1926=100 to the average
month 1935-39=100 (for description of the series see note 6 to p . 36 and note 1 to p . 38 of the 1940 Supplement). T h e description for manufacturing employment is also applicato the index of pay rolls, which is a new series. Data for J a n u a r y 1942 appear on p p . S-9 and S-10 of this issue.
forleFRASER
Digitized
445913—49
3
18
SURVEY OF CURRENT BUSINESS
March 1942
Table 8.—Indexes of New Dwelling Units Provided and Permit Valuation of Building Constructionl
[Monthly average, 193;V39=100]
Permit valuation of building
construction
New
residential
buildings
Year and m o n t h
September..
October
NovemberDecember.
January.
FebruaryMarch .
April.
MayJune..
JulyAugust
September-.
October
November. December-
1939
1930
January
February
March.
April
May
June
July
August
September.
October. _.
November
December
208.7
242.6
192.7
146.3
225.0
217.9
158.3
106.7
130.4
124.9
188.1
209.0
196.3
179.1
183.5
154.0
164.8
140.7
131.1
141.8
104.0
122.8
.7
180.4
171.4
159.3
155.
153.4
157.0
158. 7
150.3
132.9
110.1
107.3
161.6
171.5
138.1
111.5
118.0
JC8. 9
107.1
143.
171.8
140.7
118.1
97.6
118.4
87.7
89.8
67.2 i
41.7
133.9
94.
87.2
74.2
63.1
51.5
40.5
44.4
53.2
66.0
49.0
34.0
35.7
30.3
31.1
36.8
29.7
36.1
32.2 !
37.
34.3
27.9
27.9
19.8
24.0
26.5
23.3
17.3
12.7
Year and month
103.1
107.6
145.1
153.1
158.2
139.7
145.0
109.7
120.2
108.8
70.
100.2
138.6
139.9
244.1
236.1 !
186.9
133.2
171.6
204.1
133. 5
111.2
104. 5
105.1
79.9
52.7
57.8
79.9
125.6
78.6
51.4
50.2
36.4
40.3
69.6
55.3
Monthly average..
January
February
March
April
May
June
July
August
September
October
November
December
85.6
28.4
22.0 !
31.6 |
108.0
36.7
34.
33.2
40.9
41.9
32.9
44.1
January
February
March
April
May
June
July
August
September
October
November
December
33.5
32.9
34.
43.4
65.2
40.3
53.7
54.3
40.3
52.4
51.4
32.6
January
February
March
103.9
91.0
108. 6
122. 1
99.2
105. 8
108.2
90.4
76.8
74.5
62.9
51.1
Permit valuation of building
construction
Number
of new |
dwelling
AddiNew
New
tions,
units
residen- nonresi- alterapro- I
Total
tial
dent ial
tions,
vided
buildbuildand
ings
ings
repairs
1935
April
May
June
July
August
September..
October
November..
December, .
Monthly average.
48.5
51.4
53.9
53.9
54.0
49.9
64.0
58.6
40.4
46.5
59.6
59.5
66.6
66.2
77.8
65.8
77.5
68.8
67.4
January
February
March
April
...
May
June
July
August
September
October
November
December
Monthly averag
42.1
39.5
72.1
80.0
81.9
120.5
130.5
103.0
96.3
93.2
90.1
89.0
86.5
71.1
61.7
99.5
93.6
92.6
127.5
120.8
111.7
98.3
99.2
87.6
94.7
96.5
66.2
96.3
129.5
131.3
99.9
104.1
80.8
84.5
82.8
72.5
66.4
95.8
92.5
45.0 I
49.2 !
56.0 ;
53.7 i
54.4 !
50.0
66.9
58.8
44.9
65.5 I
57.1 |
73.5 !
66.9
96.5
75.3
82.9
80.7
100.0
69.5
83.2
87.4
79.7
93.6
101.2
86.6
93.4
72.9
66.5
44.0
40.0
74.9
86.3
87.4
124.8
142.6
113.5
100.2
97.6 |
94.2
96.7
91.9
106.5
90.3
140.2
99.5
89.6
137.2
90.7
98.3
89.3
95.0
78.2
101.6
101.4
76.1
65.2
90.1
101.8
110.7
118.4
119.0
130.1
108.9
110.7
87.7
78.6
99.8
79.0
97.8
132.1
135.8
110.8
117.1
103.3
115.2
99.3
95.7
79.4
114.2
106.6
68.7
99.3
137.5
142.4
109.6
116.1
88.1
88.8
87.7
73.9
69.8
100.7
98.6
92.5 |
86.9 i
131.2 ;
122.5 j
101.6
104.7 I
110.4 |
141.5 !
103.3 i
127.7 :
87.3
143.0
112.7
82.0
112.5
120.7
142.3
129.3
140.2
128.4
135.6
120.8
95.4
89.4
98.6
116.3
176.4
58.2
92.5
99.6
101.1
111.0
138.3
139.1
140.1
125.2
121.7
100.3
117.0
132.6
75.5
92.3
105.5
90.9
106.0
117.4
117.0
121.7
122.4
107.3
110.7
108.3
154.0
52.8
91.3
100.5
103.2
113.4
140.3
136.1
133.6
123.1
117.9
101.0
113.9
126.2
98.5
88.5
107.9
67.6
96.5
94.2
98.1
121.0
128.7
107.0
140.9
106.3
91.0
91.5
101. 7
113.7
101.7
105.2
102.4
103.7
93.8
109.1
81.4
81.9
98.1
121.2
115.0
159.9
148.2
201.5
165.9
156.2
188.2
146.4
148.1
172.0
167.6
157.5
120.8
96.3
130.7
121.4
150.3
148.6
132.2
143.1
130.4
126.7
124.0
110.2
127.9 !
114.9
106.0
151.0
139.3
193.2
158.3
153.6
180.1
138.2
146.4
158.8
151.6
149.3
145.9
79.5
112.3
98.1
104.7
151.9
113.2
102.9
134.9
109.0
95.7
73.2
110.1
91.8
102.1
113.2
118.9
125.4
119.4
113.5
122.9
103.9
109.6
88.6
73.1
106.9
104.9
150.2
186.9
224.5
220.8
173.7
214.5
215.3
225.1
258.1
178.3
175.4
85.3
104.7
123.6
146.7
152.4
133.7
162.3
157.1
150.0
232.0
148.4
185.3
96.5
124.1
156.7
189.7
196.7
152.0
187.2
182.9
193.2
220.8
152.8
146. 6
74.2
84.3
91.0
99.1
108.9
107.9
146.7
144.0
113.0
293.1
168.7
271.1
76.8
92.2
98.6
123.1
118.4
132.9
127.3
114.7
119.2
111.4
84.9
79.5
194.0
148.5
166.6
141.8
106.6
46. 4
79.0
1937
January
February. - March
April
May
June
July
August
September-.
October
November..
December..
Monthly average.
1938
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average.
1939
January
February...
March
April
May
June
July
August
September..
October
November..
December. .
Monthly average...
1940
Monthly average.
i Revised series. Compiled by the V. S. Department of Labor, Bureau of Labor Statistics. Except for the shift in base from 1929 = 100 to 1935-39=100 and the inclusion
in the basic data of reports fto delinquent cities for the year 1940, the series are the same as those published previously in the Survey. For a more detailed description of the
series,
see note 5 to page 18 of the 1940 Supplement. For data for 1941 see p. S-4 of this issue.
2
Average for the year.
S-l
SURVEY OF CURRENT BUSINESS
March 1942
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1940 Supplement to the SURVEY OF CURRENT BUSINESS,
That volume contains monthly data for the years 1936 to 1939, and monthly averages for earlier years back to 1913 insofar as
available; it also provides a description of each series and references to sources of monthly figures prior to 1936. Series added or
revised since publication of the 1940 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying
footnote indicating where historical data and a descriptive note may be found. The term "unadjusted" and "adjusted"used to
designate index numbers refer to adjustment of monthly figures for seasonal variations.
Data subsequent to January for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
1941
January
February
March
April
May
June
July
August
September
October
Novem- Decem
ber
ber
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted.
Total income payments
1935-39=100.Salaries and wages
do..
Total nonagricultural income.
do._
Total
...mil. of dol
Salaries and wages:
Total
do.
Commodity-producing industries..do
Distributive industries
.do...
Service industries
do
Government
_
do
Work-relief wages
do
Direct and other relief
do
Social-security benefits and other labor income
mil. of dol..
Dividends and interest
do
Entrepreneurial income and net rents and royalties
mil. of dol..
Total nonagricultural income
do
150.3
157. 5
146.4
8,143
121.3
127.9
122.2
6,695
123.1
131.2
124.6
6,370
124.0
132.4
125.6
6,977
125.1
133.6
126.6
6,952
128.6
138.1
130.0
6,848
131.5
142.0
133.2
7,690
133.1
143.3
134.4
7,474
136.7
145.1
135.9
7,277
139.1
145.6
136.5
8,064
140.9
147.5
138.0
8,264
143.0
148.8
139.6
7,848
148.8
155.4
144.3
9,080
p 5,432
p 2,456
4,422
1,779
974
905
633
131
4,523
1,868
4,619
1,923
4,714
1,960
1,034
4,909
2,124
1,049
5,077
2,243
1,083
4,993
2,277
1,088
937
605
86
90
5,082
2,347
1,096
942
617
80
90
5,255
2,400
1,114
947
715
79
5,383
2,452
1,127
947
776
81
90
5,364
2,421
1,133
949
782
79
90
5,578
2,468
1,269
952
'802
'87
92
159
790
154
432
154
913
148
793
152
453
151
1,094
152
890
149
444
146
833
147
530
154
' 1, 564
1,633
7, 283
1,228
6,156
1,165
5,894
1,193
6,476
1,201
6,442
1,241
6,294
1,275
7,105
1,349
6,810
1,512
6,466
1, 675
7,097
1,812
7,164
1,717
6,865
' 1, 692
' 8.134
111.0
P131.5
p 120. 0
P 142. 5
P 124. 0
p 153. 0
p 143. 5
74.5
86.5
73.0
98.5
99.5
101.0
85.0
61.5
84.0
66.5
100.5
102.0
105.0
78.0
68.0
88.5
79.5
97.0
97.5
100.0
82.0
74.0
93.0
77.5
107.0
108. 5
114.5
82.5
83.5
96.5
82.0
110.0
108.5
118.5
83.5
86.0
96.0
81.0
110.0
107.5
117.5
90.0
99.0
98.5
83.5
112.5
107.5
122.5
90.5
123.0
102.0
95.0
109.0
112.5
114.0
87.0
144.5
110.0
99.0
120.0
122.5
129. 0
88.5
161.0
111.5
101.5
121.0
124.5
128.0
92.0
137.5
112.5
101. 5
123.0
131.5
122. 5
106. 5
p
v
p
v
(a)
(a)
(a)
p 77
94
v 168
984
907
639
125
96
999
913
658
126
98
920
679
121
96
925
695
116
93
930
717
104
93
AGRICULTURAL INCOME
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100.
Adjusted
..do...
Crops
do
Livestock and products
.do...
Dairy products
do...
Meat animals,_
_
do...
Poultry and eggs
do...
INDUSTRIAL PRODUCTION!
P
' 128. 5
' 134. 0
' 124.5
' 143.0
'131.5
'153.5
'132.0
(Federal Reserve)
Unadjusted:
167
p 165
167
144
135
159
167
' 163
144
155
140
160
Combined indexj
1935-39 = 100..
162
p 172
172
139
'173
'170
149
164
173
153
Manufactures!
do.
144
160
165
167
P216
206
209
166
'211
210
178
182
171
192
198
196
Durable manufactures^..
do.
199
191
192
179
196
184
184
191
191
181
184
179
Iron and steelt
do.
185
'187
P 123
148
134
116
'128
145
119
123
130
134
140
144
Lumber and products*
do.
151
p
143
123
154
'
155
133
135
129
149
*• 1 5 6
' 159
Furniture*
do.
143
157
' 160
p 112
124
113
138
'113
144
Lumber*
do.
115
118
128
130
135
142
148
P252
168
'
2
41
231
229
185
177
214
216
227
Machinery*...
do.
194
206
224
v 194
166
'192
'190
••185
173
179
184
••192
Nonferrous metals*$.
...do.
••189
'191
'187
' 191
p
131
110
'
145
167
176
174
Stone, clay, and glass products*..do
172
112
125
142
164
172
166
100
153
137
102
117
139
163
174
177
184
185
171
181
Cement
do
110
170
154
173
166
Glass containers*
do
172
120
130
135
159
163
160
68
120
144
80
117
Polished plate glass
do
131
141
142
142
149
96
120
109
280
269
193
207
214
244
229
206
229
Transportation equipments
do...
••245
221
*306
'275
1,340
685
997
741
768
Aircraft* J
do...
876
i,290
930
1,204
818
1.113
0)
0)
Automobile bodies, parts and as
p 124
142
134
135
'120
152
161
138
146
148
150
136
sembly*....
1935-39=100-_
120
P75
74
164
164
134
123
160
161
139
151
110
85
Automobiles, factory salescf t~-do
47
0)
338
319
335
189
204
216
237
256
280
307
0)1
Locomotives*
__
_do.
306
0)
'264
249
182
178
196
218
233
233
'278
178
Railroad cars*
do
C)
236
0)
••645
560
634
Shipbuilding (private yards)*_do
282
307
335
353
381
428
467
485
0)
143
p 137
145
143
122
126
135
138
138
Nondurable manufactures
do
130
118
142
'137
129
118
100
120
137
137
94
108
131
Alcoholic beverages*
do
87
122
106
151
148
' 153
Chemicals*..
do
124
129
136
135
138
139
122
142
'153
121
122
119
125
123
117
128
Leather and products
do
118
120
104
'127
129
'115
115
M20
••125
Shoes*
do
131
121
128
123
124
119
128
106
135
109
104
107
112
137
142
139
Manufactured food products*J...do
119
128
158
104
152
'129
94
106
Dairy products*J
_
...do
132
92
105
134
175
188
181
84
167
90
Meat packing
do
122
121
134
152
122
119
119
119
132
133
116
' 165
151
149
'
1
5
2
136
131
137
141
143
Paper and products*
do
126
146
146
'139
151
137
133
145
147
155
'159
Paper and pulp*
do
140
128
145
150
153
134
119
128
135
' 136
120
126
120
Petroleum and coal products*
do
120
129
131
137
152
153
Coke*
do....
150
153
154
152
133
148
154
154
154
158
131
114
115
124
115
Petroleum refining
do
119
122
132
'134
125
128
134
125
p 122
109
121
115
131
' 138
Printing and publishing*
do
124
126
127
121
' 131
116
131
145
Rubber products*
do
134
155
151
157
162
130
192
153
(0
0)
151
138
'154
156
147
143
157
155
Textiles and products
do
150
154
150
155
p 160
156
144
155
156
152
160
164
160
160
161
167
Cotton consumption*
..do
162
169
168
154
179
148
173
172
178
150
158
170
Rayon deliveries*!
do
169
173
*180
32
50
15
74
Silk deliveries*
....do....
72
68
66
73
66
10
69
0)
0)
169
166
136
152
Wool textile production*
do
149
152
165
163
164
166
157
' 176
132
126
122
134
108
108
121
110
113
128
Tobacco products
..do
133
123
110
' Revised.
» Preliminary.
©"Formerly designated as "automobiles."
i Included in total and group indexes but not available for publication separately.
° Publication of data discontinued to avoid disclosure of military pay rolls.
fRevised series. For revised data on income payments beginning 1929, see table 21, pp. 16 to 18 of the July 1941 Survey. For industrial production series, see note marked
with a "f" on P- S-2.
•New series. See note marked with a " f on p. S-2.
^Revisions appear in the September 1941 Survey,see note marked with a " t " on p. S-2.
S-2
SURVEY OF CUERENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, m a y be found in the January
1940 Supplement to the Survey
March 1942
1941
January
February
March
May
April
June
July
August
September
October
Novem- D e c e m
ber
ber
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION!—Con.
Unadjusted—Continued.
Minerals*
1935-39=100...
Fuels*
do...
Anthracite...
do...
Bituminous coal
do...
Crude petroleum
__do...
Metals* t
do...
Copper*.....
..do...
Lead
_
do...
Zinct
do...
Adjusted:
Combined index %
do...
Manufactures}"
do...
Durable manufactures!
..do...
Iron and steelt
do...
Lumber and products*
do...
Furniture*
do...
Lumber*
do...
Machinery*
do...
Nonferrous metals*t
do...
Stone, clay, and glass products*..do...
Cement
do...
Glas« containers*
do...
Polished plate glass
do..
Transportation equipment*t
do__
Aircraft*}..
do...
Automobile bodies, parts and
assembly*
1935-1939= 100..
Automobiles, factory sales eft... do. _
Locomotives*
do_.
Railroad cars*
do..
Shipbuilding (private yards)*._do_Nondurable manufactures
do..
Alcoholic beverages*
do..
Chemicals*
do..
Leather and products
_do__
Shoes*
_..do__
Manufactured food products*$...do..
Dairy products*%
do..
Meat packing
_.do_.
Paper and products*
do..
Paper and pulp*
do..
Petroleum and coal products* d o . .
Coke*
..do..
Petroleum refining
.do..
Printing and publishing*
do..
Rubber products*
do..
Textiles and products
do..
Cotton consumption*
do__
Ravon deliveries*!
-do..
Silk deliveries*
do..
Wool textile production*
.do..
Tobacco products
do_.
Minerals!
Fuels*
Anthracite _.
Bituminous coal
Crude petroleum...
Metals* !_._
Crpper* %
Lepdl..
Zinct__
do..
.do..
do.
_ .do.
do..
.-do.
do..
do..
do.
1
P125
P131
P104
P144
»129
P92
158
P179
*222
191
v 144
v 154
* 140
P252
v 195
v 191
250
65
P306
0)
v 124
P87
0)
0)
0)
* 124
P139
*>139
0)
169
0)
132
p 131
*>128
P89
*>129
v 132
P148
162
113
117
114
130
111
95
145
116
125
114
118
112
134
112
93
155
116
126
'117
121
105
143
114
92
151
116
125
96
87
76
18
116
'149
156
121
133
127
118
88
126
118
181
159
117
127
131
123
116
132
120
181
152
116
136
130
121
107
128
119
184
147
110
125
134
125
120
135
122
187
152
116
131
137
129
122
144
124
182
152
120
135
138
131
123
142
127
180
156
119
134
135
130
99
143
128
'161
' 157
128
130
' 124
140
144
171
179
137
132
139
168
167
154
181
123
137
190
685
144
148
176
179
135
129
139
177
173
158
183
131
138
203
741
147
151
180
184
128
132
125
185
179
150
156
139
135
207
768
144
153
180
181
132
139
128
194
183
142
139
135
142
196
818
154
160
190
184
132
152
122
206
189
141
134
148
142
228
876
159
164
195
184
135
155
125
214
M86
150
138
155
152
243
930
160
165
199
185
141
161
131
216
••192
151
143
154
146
255
997
160
166
199
185
140
152
134
224
'189
154
148
158
133
241
1,113
161
166
203
192
136
149
129
227
'192
156
154
163
120
245
1, 204
163
169
207
191
135
146
129
231
'185
158
159
168
102
269
1,290
166
'173
209
191
135
148
128
229
'190
161
164
168
105
280
1,340
' 167
' 174
'214
196
138
' 149
^132
r
241
r
192
' 166
191
134
144
189
178
282
143
152
204
182
307
142
143
216
178
335
124
122
237
196
353
152
151
256
218
381
161
148
280
233
428
168
154
307
233
467
141
93
306
236
485
134
74
319
249
560
146
110
335
-278
634
142
123
338
'264
'645
123
105
123
107
110
117
131
114
129
129
122
150
117
111
141
138
144
156
69
136
113
126
108
124
108
112
120
127
126
128
128
122
152
117
114
153
143
152
148
67
149
116
128
104
125
114
115
121
125
134
132
133
123
154
118
116
155
146
156
150
71
152
117
131
107
133
114
117
123
135
126
134
136
121
133
119
118
158
150
160
158
74
152
120
135
114
136
123
126
123
129
132
142
145
125
148
122
122
162
157
164
169
71
165
119
139
122
144
130
136
127
124
124
145
149
127
154
123
128
192
156
160
173
73
163
118
138
130
146
129
132
126
126
125
••146
'150
128
154
124
127
153
155
162
173
77
157
114
139
128
145
121
120
132
127
134
147
152
130
154
126
129
130
154
160
170
56
166
118
137
131
146
120
117
129
130
126
144
149
132
152
128
125
131
151
156
168
34
169
121
138
129
147
'125
'123
131
133
133
146
150
133
153
129
127
134
150
161
172
10
164
128
143
109
149
'134
'134
140
137
135
'153
' 159
135
153
133
' 136
119
114
98
117
114
148
148
116
125
118
113
102
114
113
148
153
116
126
125
121
102
149
112
148
148
118
125
95
86
71
22
113
149
152
119
133
126
121
80
149
114
152
159
115
127
132
129
126
153
120
150
155
117
136
131
127
137
146
119
'151
156
114
125
132
129
162
147
119
148
155
116
131
131
128
127
139
124
'145
154
120
135
130
127
116
127
128
145
151
119
134
131
128
97
125
132
' 146
152
127
134
176
246
257
256
238
231
132
189
277
303
295
277
237
132
194
285
296
304
267
263
136
196
277
288
304
255
247
144
207
290
308
307
276
269
154
229
330
316
289
298
429
164
212
295
339
281
294
301
159
196
257
309
223
290
265
157
202
260
304
249
265
258
165
193
239
359
213
246
227
163
212
265
314
225
326
258
178
0)
156
167
179
15
166
132
••129
94
138
'129
'95
'158
124
134
of
120
85
0)
(0
(0
' 141
116
' 152
' 127
130
'130
P140
r
142
155
162
138
158
135
'130
COOO
' 154
155
378
0)
)
' 176
129
'
130
r
127
' 89
124
'132
' 147
157
322
MANUFACTURERS' ORPFRS, SHIPMENTS, AND INVENTORIES*
New orders, total
Jan. 1939=100.
Durable gords
do...
Electrical machinery
do...
Iron and steel and their products
do...
Other machinery
do...
Other durable goods
do...
Nondurable goods
do...
v246
P373
»380
»245
P447
P586
232
332
396
248
367
413
167
159
165
203
148
172
207
180
203
188
208
191
185
Shipments, total
._
...do...
189
242
252
175
240
239
Durable goods
do...
198
205
219
233
222
216
v 135
155
165
171
155
159
118
Automobiles and equipment
...do...
165
155
172
181
159
84
307
P279
205
272
181
257
267
Electrical machinery
do
209
231
244
252
246
238
317
202
291
181
278
301
217
230
235
251
262
267
Other machinery..
....do...
198
246
190
»242
255
265
210
215
235
245
245
262
Iron and steel and their products d o . . .
Transportation equipment (except
325
714
439
268
370
443
695
452
513
'639
478
automobiles)
do.__
176
224
163
228
237
Oth^r durable goods..
do
183
196
206
219
210
226
133
P177
124
172
168
180
168
Nondurable goods
do...
136
142
146
154
151
164
146
142
v 196
182
176
188
171
144
159
164
172
164
166
Chemical and allied products
do...
120
114
161
158
174
160
123
127
134
144
138
150
Food and kindred products.
do...
148
142
194
202
P196
192
191
Paper and allied products
do_._
152
162
168
173
173
181
110
110
145
158
p 155
151
154
114
121
134
139
143
151
Petroleum refining
do...
171
158
222
194
228
193
174
193
214
236
213
203
Rubber products
do. _.
154
140
200
191
206
204
P205
157
166
160
178
170
195
Textile-mill products
do...
134
114
162
149
167
143
*>149
140
142
129
125
137
164
Other nondurable goods
do...
' Revised.
» Preliminary.
!See note marked with a " t " .
3 note 1, p. S-l.
cf Formerly designated as "automobiles."
tRevised series. Revised indexes of industrial production for 1919-39 (1923-39 for industrial groups and industries), including the new series, are available on pp. 12-17
of the August 1940 Survey, except for subsequent revisions in the series marked with a " ! " and data for all years for the new series on "automobile bodies, parts and assembly;"
data for the latter serios and revisions for the series marked " ! " (with th* exception of zinc and changes in the combined indexes for minerals and metals) are available in
table 24, pp. 21 and 22 of the September 1941 Survey; the latter table includes also revisions of 1940 data for nondurable goods, petroleum and coal products, coke, rubber
products, leather and products, shoes, textiles and products, wool textiles, fuels, anthracite and bituminous coal, and 1939 revisions for alcoholic beverages, and crude petroleum. Revisions for zinc and the combined indexes for minerals and metals will be shown in a later issue. No seasonal adjustments have been made for the following industries beginning with the month indicated, since recent conditions have obliterated seasonal movements: Aircraft, January 1939; machinery, October 1940; cotton consumption,
and zinc (under minerals) November 1940; nonferrous metals, most components, November or December 1940; iron and steel, steel component, December 1940; railroad
cars, locomotives, shipbuilding, rayon, wool textiles, and coke, December 1940; rubber consumption under rubber products, July 1941; silk, August 1941; the two automobile
series, September 1940.
•New series. For industrial production series, see note marked with "f." For indexes of manufacturers' orders and shipments beginning January 1939, see monthly
Surveys beginning with the September 1940 issue (description of data and figures for January-June 1939 are available on pp. 7-13 of that issue except for revisions given in
note marked with an "*" on p. 20 of the November 1940 Survey).
March 1942
S-3
SUEVEY OF CURRENT BUSINESS
1941
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*—Con.
Inventories, total
Average month 1939=100.. p 162.0
Durable goods. _
do
p 178.4
Automobiles and equipment.
do
p 190.6
Electrical machinery.
do
p 244. 7
Other machinery
do
p 187.1
Iron and steel and their products
do
P 126, 7
Transportation equipment (except automobiles)
Average month 1939=100..
P 140. 7
Other durable goods
.do
v 147. 8
Nondurable goods.
do
p 152.0
Chemicals and allied products
do
H64.3
Food and kindred products
do
* 134.0
Paper and allied products
do
p 113.1
Petroleum refining
_
do
Rubber products
do
Textile-mill products
do
P 150. S
p 146. 7
Other nondurable goods...
do
121.8
132.5
144.6
148.0
129.8
126.4
122.7
134.8
146.0
156.1
133.1
125.0
124.1
137.2
149.5
165.4
136.0
122.8
125.0
140.2
155.2
172.9
140.0
122.5
128. 7
144.1
155.1
183.9
144.1
124.5
132.0
146.7
152.8
190.6
146.4
125.5
136.4
150.3
138.3
198.7
151.1
126.9
140.0
155.8
163.9
206.5
156.5
126.5
143.4
160.5
187.6
212.5
158.7
126.0
' 148.2
166.2
195.0
225.5
166.4
125.9
152. 7
170. 3
193.3
231. 6
173. 3
127.8
' 158. 5
r 175.8
r 193.3
' 238.5
' 180.0
r 129.2
306.0
110.3
112. 5
117.2
111.0
119.7
101. 6
129.6
118.4
108.7
331.1
111.3
112. 2
118.1
108.3
119.9
101.5
133.2
120.0
108.0
' 357.5
113.0
112.6
119.1
109.3
120.4
101.7
138.6
122.7
105.6
375.1
114.6
113.6
118.9
113.0
119.4
102.7
140.4
124.2
104.1
403.1
116.5
115.2
118.4
117.3
117.6
103.2
r 143. 1
126.6
105.3
428.4
118.0
119.2
119.5
123.0
118.8
104.9
143.3
129.4
111.9
467.4
121.8
124.3
122.9
133.2
122.1
106.3
145.8
135.3
115.0
504. 7
123.8
126.2
125.2
139.9
124.2
105.8
141.4
132.1
117.1
552.2
125.0
128.4
126.0
142.8
125.4
107.7
133.5
133.6
121.9
600.2
127.4
132.7
128.0
146.7
121.8
110.4
131.8
137.6
128.9
618. 2
130.9
137.4
132.0
153.4
132.0
111.9
134. 6
143. 5
134.1
' 659. 7
«" 136.4
' 143.4
r 143.7
r 162. 0
«• 135.1
'113.2
r
143.6
r 147.3
•• 138.7
COMMODITY PRICES
COST OF LIVING
National Industrial Conference Board:
87.4
88.5
86.9
86.1
86.3
94. 5
86.0
88.9
90.8
89.4
Combined indexf—
1923=100_.
92.0
92.9
'93.2
73.6
Clothing.
_.
_.do
80.1
73.6
73.3
82.4
73.1
73.2
73.0
78.3
79.6
73.8
74.5
76.9
85.5
82.2
81.0
Foodt
do.__.
95. 2
78.8
79.2
78.7
02. 6
90.7
92.2
86.2
87.3
89.4
86.7
Fuel and light..
do....
90.3
86.4
86.4
00.4
86.4
86.4
86.4
90.0
90.2
87.8
88.6
89.4
88.2
Housing. _.
_ .
do____
89.9
89.2
89.5
88.4
88.6
88.9
88.0
87.8
90.1
87.7
87.7
87.6
98.6
Sundries
do
98.5
98.3
102. 5
98.2
98.3
98.1
102.2
101.5
101.9
98.7
98.8
99.8
U. S. Department of Labor:
102.2
102.9
101.2
108.1
104.6
100.8
100.8
105.3
106.2
109.3
Combined index*
1935-39=100..
111.9
110.2
110.5
103.3
Clothing*
_.
do....
112.6
113. 8
110.8
102.8
104.8
106.9
102.4
115.7
100.7
100.4
102.1
114.8
105. 9
Foodt
_
do
102.1
100.6
97.8
97.9
98.4
116. 2
111.6
113. 1
110.7
113.1
106.7
108.0
101.4
Fuel, electricity, and ice*
do
104.0
104.0
103.7
101.1
102.3
103.2
101.0
104.2
100.8
100.6
100.7
104.1
105.3
Housefurnishings*
.do
103.2
102.4
100.1
100.4
101.6
117.8
114.4
115.6
112.0
116.8
107.4
108.9
105.8
105.7
105. 4
Rent*..
,
.do....
105.0
105.1
105.1
107.5
106. 8
106.1
106.3
108.4
107.8
108.2
103.3
Miscellaneous*
do
102.5
102.2
101.9
101.9
101.9
106.9
105.0
107.7
103.7
104.0
108, 3
107. 4
PRICES RECEIVED BY FARMERS§
U. S. Department of Agriculture:
112
104
103
103
110
118
149
139
125
131
Combined index....
1909-14=100..
139
135
143
118
141
104
107
100
90
90
Chickens and eggs
do
147
146
127
130
157
153
98
82
88
107
80
80
Cotton and cottonseed
do
143
144
150
121
128
136
138
126
121
124
121
118
118
Dairy products
do
148
145
140
132
135
148
148
89
83
89
97
78
80
Fruits. _.
_
do
102
107
89
93
100
98
98
96
106
90
93
84
81
84
101
Grains. _
_
do
98
119
99
103
112
138
144
129
137
130
130
Meat animals
....do
166
154
157
158
151
166
160
146
161
146
124
156
134
Truck crops
.do
204
164
145
130
133
158
162
94
93
91
104
93
144
Miscellaneous
do
131
128
107
154
128
169
RETAIL PRICES
U. S. Department of Labor indexes:
88.4
88.5
82.8
88.8
83.0
82.4
83.0
83.0
83.0
88.3
Anthracite
1923-25=100..
88.7
86.6
84.6
96.5
90.5
Bituminous coalf
do
95.8
96.6
90.1
90.1
94.9
92.0
93.8
90.3
90.3
90.3
96. 7
Food (see under cost of living above).
Fairchild's index:
96.3
94.5
110.2
107.5
95.5
94.2
106.2
105.2
Combined index.
Dec. 31, 1930=100..
94.8
99.6
102.6
108. 3
97.7
Apparel:
97.7
103.2
104.9
97.6
97.6
102.1
103. 7
101.2
98.1
97.6
97.6
Infants'
do
98.7
100.0
98.1
90.1
Men's.
do
89.5
89.7
89.4
101.1
89.3
89.3
95.5
96.5
97.5
91.5
93.3
107.7
95.3
Women's
do
104.1
105.7
106.9
93.9
94.3
96.9
100.4
93.6
109.1
93.0
93.3
110.2
100.4
Home furnishings
___.do
106.9
108.5
109.5
97.7
98.9
102.4
104.9
96.5
112.7
95.8
96.0
105. 0
91.3
Piece goods
do
99.9
101.6
103.7
88.8
89.6
93.3
97.1
87.8
107.1
87.3
87.6
WHOLESALE PRICES
U. S. Department of Labor indexes:
92.5
96.0
0 3 . »>
84.9
83.2
92.4
Combined index (889quotations*).. 1926=100._
80.6
90.3
91.8
81.5
80.8
88.8
87.1
Economic classes:
96.4
94. 6
93.8
87.1
84.2
85.5
93.9
92.8
83.5
83.5
91.5
90.1
Finished products
do
02.3
83.6
Raw materials
do
90.0
89.7
90.2
77.5
79.7
86.1 1 87.6
75.3
96.1
74.6
74.0
00. 1
87.6
Semimanufactures
do
85.1
86.4
83.4
91.7
81.3
81.6
90.3
89.9
89.7
87.9
89.5
94.7
82.1
Farm products
do
91.0
90.0
90.6
74.4
76.4
85.8
87.4
71.6
100.8
71.6
70.3
01.0
75.9
Grains
do
85.3
81.4
84.3
70.9
74.5
76.3
79.6
67.8
95.9
67.6
64.5
07.4
93.0
101.1
94.5
00.6
98.9
99.0
Livestock and poultry
do
86.2
88.0
82.5
105.7
83.0
82.4
Commodities other than farm products*
92.7
03.3
94.8
86.6
92.8
91.9
85.0
88.0
82.7
89.3
90.7
82.7
83.6
1926=100..
00.5
83.1
Foods
do
89.5
88.9
89.3
84.7
87.2
75.2
77.9
79.5
93.7
73.7
73.5
05.5
84.3
93.3
95.2
96.3
87.7
90.3
80.3
81.0
81.6
96.0
80.2
79.7
Dairy products
..do
73.8
73.0
70.7
75.8
77.9
69.4
70.3
Fruits and vegetables
do
60.7
63.8
64.0
78.3
59.6
59.4
95.3
90.8
99.4
93.6
90.8
93.8
97.5
83.7
85.6
87.2
101.6
83.2
83.6
Meats
do
Commodities other than farm products and
03.5
04.6
93.4
93.7
91.8
85.9
87.4
89.7
90.8
84.9
84.3
84.4
foods
1926=100..
107.8
101.0
106.4
107.3
107. 5
103.1
105.5
99.5
100.1
100.4
109. 3
99.6
99.3
Building materials
do
06.7
92.5
95.7
96.6
96.6
94.2
95.1
91.5
91.7
91.9
96.9
91.3
91.4
Brick and tile..
do
03. 4
91.9
92.2
92.7
03.1
92.1
92.1
90.8
91.0
91.5
93.4
90.8
90.8
Cement $..
do
117.6
129.4
129. 5
122.3
127.5
129.1
128.7
116.7
116.8
116.7
131.6
118.4
117.2
Lumberf
do
83.8
91. 3
87.4
89.7
80. 8
85.2
86.0
Chemicals and allied productsf
do
81.8
83.6
79.8
96.0
78.6
78.5
87.2
88.6
88.2
88.4
88.3
86.4
86.8
87.3
87.5
85.9
95.3
85.6
85.7
Chemicalsf
do
99.9
123. 0
104.4
124.1
123.2
100.0
100.1
Drugs and Pharmaceuticalst
do
97.5
98.7
97.2
126.3
96.5
96.9
77.8
76.6
77.3
77.3
71.0
71.1
74.0
75.3
70.4
78.6
70.7
70.4
Fertilizer materials!
do
r
Revised. *> Preliminary. •Number of quotations increased to 889 in January 1941. I For monthly data beginning 1933, see p. 18 of the April 1940 Survey.
§Datafor February 15,1942: Total, 145; chickens and eggs, 135; cotton and cottonseed, 150; dairy products, 147; fruits, 98; grains, 121; meat animals, 175; truck crops, 161;
miscellaneous, 133.
^Covers 35 cities.
f Revised series. National Industrial Conference Board's index of cost of living and food component and index of wholesale prices of lumber revised beginning 1935, see
tables 5 and 1, respectively, p. 18 of the January 1941 Survey; since June 1941, the Board's food index is based on its own data collected in 56 cities, theretofore, the food index
was based on the Department of Labor's series. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940
Survey. Data for chemicals and allied products and subgroups revised beginning 1926; see table 32, p. 18 of the August 1940 Survey.
*New series. For description of data on manufacturers' inventories, see pp. 7-13 of the September 1940 Survey and for revised figures beginning December 1938, see
table 40, p. 22, of the January 1942 Survey. For data beginning 1913 for the Department of Labor's cost of living series, see table 19, p. 18, of the May 1941 Survey; for index of
prices of commodities other than farm products beginning 1913, see table 36, p. 18, of the September 1940 Survey.
S-4
SURVEY OF CURRENT BUSINESS
March 3 942
1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
February
March
April
May
June
July
August
Septem- October Novem- j Doeem •
ber
I her
ber
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Con.
Commodities other than farm products and
foods—Continued.
Fuel and lighting materials.
1926=100..
Electricity
do
Gas
do
Petroleum products
do
Hides and leather products
do
Hides and skins
do—
Leather
do
Shoes
do
House-furnishing goods
do
Furnishings
...do
Furniture
do—
Metals and metal products
do
Iron and steel
do—
Metals, nonferrous
do
Plumbing and heating equipment.-do
Textile products
do
Clothing
do....
Cotton goods
do
Hosiery and underwear
___do—
Rayon*
do
Silk"
do....
Woolen and worsted goods
do
Miscellaneous
...do
Automobile tires and tubes
do
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
i
59. 5
114.9
115. 3
101.4
121.1
102.4
107.2
97. 4
103.5
97. 0
85. 4
93. 6
93. 6
101.1
110.5
f!9. 0
30. 3
<!)
103.0
89.3
71.0
102.8
72.1
72.5
77.5
50.0
102.4
99.1
94.4
107.4
89.0
95.2
82.6
97.7
95.7
83.6
80.5
75.2
86.6
75.8
59.9
29.5
42.5
89.2
77.1
58.2
93.1
104.9
108.9
98. 6
J07.fi
124.7
129.4
141.4
118.2
72.1
/2. 5
77. 6
58. 2
93. 3
72.0
70.0
77.0
49.9
102.6
99.1
94.8
107.4
89.5
95.8
82.9
97.7
95.7
84.3
82.8
78.4
87.7
81.1
60.4
29.5
47.7
93.2
77.6
58.4
93.5
125. 0
129. 2
142. 7
118. 1
123.6
128.5
142.7
117.8
50.0
101. 6
94. 8
94. 5
4
107.
89. 1
95.3
82.6
97. 6
95. 5
84. 0
82. 2
76. 4
87. 2
77. 5
60. 3
29. 5
43.3
91. 2
76.9
72.9
69.2
78.1
51.9
103.9
104.7
95.6
107.8
90.4
97.1
83.4
97.9
95.9
84.3
83.0
81.0
88.7
86.8
61.1
29.5
48.3
93.3
78.6
58.8
94.5
75.6
67.7
80.1
55.3
108.4
110.3
96.9
110.1
91.4
77.9
67.2
81.0
59.9
107.8
112.4
97.9
111.7
93.1
99.0
98.0
84.3
98.1
96.1
84.4
83.0
83.0
90.9
91.0
61.3
29.5
49.1
94.1
79.6
58.8
96.7
87.0
98.3
96.5
84.5
83.1
84.5
91.6
94.6
61.9
29.5
51.2
94.6
80.6
58.8
98.0
118.6
123.9
131.2
116.4
115.6
119.5
124.5
114.9
78.5
66.8
80.8
60.9
109.4
112.5
98.1
114.7
94.4
99.7
88.9
98.5
96.8
84.7
83.2
86.2
93.9
96.1
62.9
29.5
51.4
96.5
82.0
58.8
79.0
66.4
78.3
61.4
110.2
112.2
98.5
116.1
95.4
100.7
89.9
98.6
96.9
84.4
86.8
88.3
95.1
101.5
63.8
29.5
52.0
98.2
83.7
60.8
100.7
79.2
66.7
81.7
61.7
111.3
112.1
100.0
117.1
97.2
102.1
92.2
98.6
96.9
84.4
87.1
89.7
96.1
104.2
64.4
29.8
101.4
85.1
60.8
101. 7
102.3
86.4
65.5
101.9
60.4
114.1
114.0
101.1
120.5
100.6
105.2
95. S
J03. 3
97.1
84.8
87. 9
91.1
97. 9
105.4
07. 0
30. 3
(!)
102. 6
87.3
67.4
102.2
111.5
117.1
112.2
113.8
109.7
114.3
105.7
112.0
109.0
113. 4
105.7
110.5
108. 9
111.9
108. 9
109. 5
102.8
' 109.2
79.6
66.2
78.9
61.7
112.6
113.1
100.9
118.8
99.5
104.4
94.4
103.1
97.0
84.6
87.8
90.9
97.8
105.2
66.6
30.3
0)
0)
77. 4
59.8
114.8
115. 9
101.3
120. 7
101. 1
105.0
06. f>
103.3
97. 0
S4. 8
XW.
91.
!)8.
107.
M7.
1
N
4
5
0
30.
:•!
102.7
87.6
*>7. 4
10-2. 5
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food pricest
Prices received by farmers
Cost of livingf
1923-25=100..
do
do
do
121.0
125.8
133.7
117.1
113.4
118.6
117.6
114.4
107. (>
111.9
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded ( F . R . indexes):
Total, unadjusted
1923-25-100..
Residential, unadjusted
do
Total, adjusted
do
Residential adjusted
do
F. W. Dodge Corporation (37 States):
Total projects
number..
Total valuation.
thous. of d o l . . .
Public ownership
do
Private, ownership
do
Nonresidential buildings:
Projects
number..
Floor area
thous. of sq. ft._
Valuation
thous. of doL.
Residential buildings, all types:
Projects....
number. _
Floor area
-thous. of sq. ft._
Valuation
thous. of doLPublic works:
Projects
- - - number..
Valuation
thous. of doL.
Utilities:
Projects
,
num ber_.
Valuation
thous. of dol._
New dwelling units provided and permit valuation of building construction (based on
bldg. permits), U. S. Dept. of Labor indexes:t
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 provided in all urban areas (U. S. Dept. of
Labor) :t
Total
number..
1-family dwellings
do
2-family dwellings.
do
Multifamily dwellings
do
Engineering construction:
Contract awards ( E . N . R.)J__.thous. of doLHIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Totalf
thous. sq. y d . .
Airports*
do
Roads
do
Streets and alleys
...do
84
70
103
84
86
68
99
76
94
78
94
74
117
56
106
v 68
23, 862
316,846
198,251
118,595
21,462
305, 205
124,314
180, 891
25,001
270, 373
104,801
165,572
32, 304
479,903
268,556
211,347
36, 380
406, 675
184,009
222, 666
3, 245
21,113
.123, 231
3,438
23,918
118, 757
4,120
19,718
90,058
5,668
29,451
201,458
19,838
26, 864
102, 758
16,936
28,450
111,306
19, 746
29,322
116,459
567
(54, 428
812
59,622
212
2f>, 429
276
15,520
410
21,614
P
P
99. 6
05. 6
88. 5
121
104
101
135
111
117
101
153
118
139
117
159
111
152
112
162
105
161
105
137
84
145
122
71
138
74
' 98
' 59
M23
r
69
48, 531
548.700
267,454
281,246
46,950
539,106
313,650
225,456
49, 637
577, 392
348,495
228,897
50, 551
760, 233
520, 430
239,803
41,497
623, 292
403, 495
219, 797
40,920
606, 349
371, 345
235,004
29,150
458, 620
297, 865
160, 755
22. 941
431,626
287. 722
143, 904
31,509
143,304
44,596
202, 492
6,262
31,898
200,456
8,339
38, 242
220,612
10, 766
63, 802
286, 741
7,822
46,810
218,288
9,907
54, 417
269, 553
4, 978
31,023
192,. 936
3. 619
24. 908
171,016
25, 325
35,801
147, 859
29, 499
41,978
166, 462
38,093
54,571
201,274
38, 527
52, 098
205,634
39, 429
52,895
205,049
37, 234
62, 773
231, 529
31,791
43,624
175,713
29, 246
45,403
171,772
22, 633
30,170
116,468
18, 344
25, 591
104. 270
725
975
42, 242
84,592
1,283
71,426
1,589
96, 501
1,701
99,631
1,487
101,074
1,871
134,054
1,419
131,123
1,266
94, 563
1,086
88, 436
336
365
45,994
25, 483
403
48,433
460
33,385
382
50, 657
465
98, 168
501
70,461
453
60,780
198.8
17.1. r>
156. 0
219.8
104. 1
112. 6
136.6
180.3
89.7
130.9
103.
147.
66.
83.
93
103
80
5,233
107, £
160.9
168. 1 j
204.1
273.9
253.6
283. 5
264.2
253.1
129.6
135.9
139.3
87.5
124.1 |
141.3 I
120.3 I
87.4 !
142.2
180.1
114.9
108.7
192.9
241.1
168.4
125.6
177.9
221.6
147.7
135.4
195.8
247.7
162.3
140. 5
178.5
236.4
135.9
131.9
161.5
233. 2
100.0
125.8
43,452
34, 590
2,590
6,272
46,842
37,610
2,599
6,633
44, 831
36, 239
2,151
6,441
409,371 | 589,221
958,663
27,027
18, 698
1,917
6,412
27, 720
20,752
2,429
4,539
35, 347
27, 223
2, 760
5,364
47, 770
37, 602
2,871
7,297
584, 549
424, 269
452, 430
381,563
I
9
2
0
6
263
50. 345
104.4
114. 1
93. 1
41,007
39,371 !._
34,166
33,351 j _ _
2,319 | 2,945 |__
4,522 i 3,075 |_.
529,561 i 514,251 \ 40*1332
348.800 ! 209.689
I
4, 726
2,490
1,139
1,098
4,967
832
2,814
1,321 i
2, 083 | 3,567
227 ! 1,029
1,531
819 !
1,037 • 1,007
5,042
\f358
2, 087
1,596
7,782
2,804
3,425
1,553
8,776
3,112
3,878
1,786
17,124
9,594
4.825
2,706
9,567
3,606
'3,910
2,051
6,072
6,975
1,624 |
2,885
2,635 I 2,460
1,814 ! 1,630
4,344
535
2,570
1,239
8,176
2,964
3.197
2.015
' Revised.
v Preliminary.
§Data for J a n u a r y , M a y , July, and October 1941 and J a n u a r y 1942 are for 5 weeks; other months, 4 weeks.
i N o quotation.
•New series. F o r indexes of rayon a n d silk prices beginning 1926, see table 29, p . 18 of t h e M a y 1940 Survey. Earlier data for concrete pavement contract awards for
airports and for t h e total revised to include airports will appear in a subsequent issue.
fRevised series. Indicated series on "Purchasing power of the dollar" revised beginning J a n u a r y 1935; see table 4, p . 18 of the J a n u a r y 1941 Survey. Revised data beginning September 1929 for indexes of new dwelling units provided and permit valuation of building construction are shown on p . 18 of this issue. For revision in total concrete
pavement awards, see note marked with an " * . " Revised data on n u m b e r of dwelling units provided for 1939 are shown in table 18, p . 17, of the M a y 1941 Survey. Estimates
beginning J a n u a r y 1940 cover urban areas as defined by results of the 1940 Census; revised data for earlier m o n t h s of 1940 are available on p . 22 of the J u n e 1941 Survey, except
or revisions in April figures as follows: all types, 38,324; multifamily, 7,013.
S-5
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
January
January
February
March
April
May
June
July
August
September
October
Novem- December
ber
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION— Continued
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
3,047
Mileage
no. of miles..
1,967
Federal funds
thous. of doL. 30, 789 36,845
Under construction:
7,315
7,044
M ileage
no. of miles..
Federal funds
thous. of doL. 117,609 113,671
228, 623 227, 763
Estimated cost....
.
do
Grade crossings:
Approved for construction:
8, 542 10, 573
Federal funds
.
do
11,065
9,314
Estimated cost..
do
Under construction:
32,
072
35,928
Federal funds
do
38, 300 33, 592
Estimated cost
_.
_.do
3,621
42, 405
3,765
42, 755
3,100
36,477
3,322
39,100
7,413
115,932
232, 054
7,773
121, 029
241, 877
10, 331
10, 719
11, 060
11, 632
13, 000
13, 535
16, 753
17,812
33, 226
34,715
35, 292
36, 768
37, 648
39, 300
37, 384
38, 972
4,118
8,921
8,334
8,777
126, 387 134,641 139,401
246,119 261, 530 270,967
20, 459
21, 255
37, 714
39, 452
3,879
47, 264
2,749
38,850
2,635
39, 259
9,054
8,615
8,176
8,840
141,569 138, 675 136, 512 131,914
276,100 272, 079 268, 926 260, 555
7,809
128, 351
253, 703
7,417
121,384
239,330
11,851
13,122
10, 208
11,588
10,005
11,810
41,520
42, 920
40.464
41,932
37, 742
39. 323
223
219
235
209
224
223
219
235
210
224
225
222
238
212
220
202
203
203
3,557
44,693
38, 404
17, 798
18,765
14,662
15,820
39,548
40, 939
42,778
44,249
12, 423
13, 553
42, 328
43, 771
221
218
235
205
223
2, 255)
34,014
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100..
American Appraisal Co.f
Average, 30 cities
1913=100..
Atlanta
do
New York
do
San Francisco
do
St. Louis
do
Associated General Contractors (all types)
1913=100..
E. H. Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
New York
do
San Francisco.
do
St. Louis
do
Commercial and factory buildings:
Brick and concrete:
Atlanta...
do
New York
..do
San Francisco
do
St. Louis
do
Brick and steel:
Atlanta
do
New York
do
San Francisco...
do
St. Louis
do
Residences:
Brick:
Atlanta..
do
New York
do
San Francisco
do
St. Louis
do
Frame:
Atlanta..
do
New York
.
do
San Francisco
.do
St. Louis
do
Engineering News Record (all types) §
1913-100.
Federal Home Loan Bank Board:f
Standard 6-room frame house:
!
Combined index
..1935-1939=100..
Materials
do
Labor
.do
207
197
211
229
224
240
215
230
212
208
231
194
216
212
209
231
194
216
212
209
231
194
216
213
213
230
196
216
215
214
231
196
218
215
214
231
197
219
219
216
233
203
223
221
218
234
204
223
203
193
193
194
195
195
196
198
198
101.4
137.0
124. 2
123.8
98.7
133.8
116.9
120.8
98.7
133.8
116.9
120.8
98.5
133.9
119.3
120.6
99.8
134.0
119.6
121.0
99.7
134.0
119.9
121.1
99.2
134.9
119.3
120.3
99.6
135.3
120.8
120.7
100.5
136.1
121.5
121.3
100.7
136.3
122.8
121.5
100.7
136.3
122.5
121.5
100.7
136.3
123. 5
122.6
100. 2
136.0
123.2
122. 5
102.9
138.4
125.3
124. 4
99.6
136.5
119.6
121.2
99.6
136.5
119.6
121.2
99.7
136.6
122.8
121.2
101.7
136.6
123.0
121.3
101.7
136.6
123.2
121.4
101.3
136.9
122.7
120.8
101.6
137.1
123.8
121.1
102.2
137.7
124.3
121.5
102.4
137.9
124.7
121.7
102.4
137.9
124.6
121.7
102.4
137.9
126. 2
123.4
102. 1
137.7
126.0
123.4
102.5
136.2
127.1
124.1
99.4
133.2
117.2
121.1
99.4
133.2
117.2
121.1
99.2
133.4
121.2
121.6
100.8
133.7
122.1
122.1
100.7
133. 7
122.3
122.2
100.3
134.3
121.9
121.5
100.9
134.8
127.3
122.0
101.8
135.5
128.0
122.6
102.0
135.7
128.7
122.8
102.1
135. 8
128.4
122.8
102.1
135. 8
128.8
123.2
101. 3
135.3
128.3
123.1
99. 9
137.9
120.0
121.4
97.7
130.7
112.5
118.6
97.7
130.7
112.5
118.6
96.3
131.3
114.3
116.2
95.6
132.1
114.5
118.0
95.2
132.1
114.6
117.8
94.6
133.6
115.0
116.8
97.0
135.9
117.3
118.3
99.3
137.5
118.9
120.0
99.5
137.7
120.4
120.3
100.0
138.0
119.0
120.3
100.0
138.0
119. 5
120. 8
97.1
136.1
117.6
120.4
98. 5
139.4
117.7
120.8
97.5
130.3
109.1
117.7
97.5
130.3
109.1
117.7
95.2
131.0
110.5
114.7
93.7
131.9
110.9
117.0
93.1
131.9
111.0
116.6
92.1
134.2
110.4
115.5
95.2
137.1
113.3
117.3
98.1
139.1
115.3
119.5
98.3
139.3
117.6
119.9
98.8
139. 7
115.8
119.9
98.8
139.7
117.4
120.3
95. 1
137. 2
114.9
11V. 8
269. 4
250.5
250.7
252.4
255.6 I
256.8
258.2
260.4
263.1
264. 5
26«>. 1
266. 2
267. t>
120.6
118.6
124.5
109.3
106.6
114.5
110.2
107.8
115.1
110.4
108.0
115.3
111.2
108.7
116.1
111.6
108.8
117.0
112.4
109.2
118.6
113.6
110.7
119.3
115.1
112.6
120.0
116.5
114.4
120. 7
118.5
116.0
123.3
119.2
116.9
123.9
119. 9
117.7
124.2
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Gross mortgages accepted for insurance!
thous. of dol_.
Premium-paying mortgages (cumulative)
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 all other purposes.
_._do
Classified according to type of association:
Federal
thous. of dol..
State members
do
Nonmembers
do
Loans outstanding of agencies under the Federal Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of dol..
Fed. Home Loan Bks., outstanding advances
to member institutions
thous. of dol..
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of dol.Foreclosures, nonfar *u:t
Index, adjusted
1935-1939=100..
Firelosses__
thous. of dol..
94,948
70, 799
54, 728
52,116
75, 516
92,406 119, 566 122,963 114, 247 107,137 104,937
06,952
3,690,214 2,785,138 2,846,467 2,908,104 2,968,407 3,033,684 3,108,723 3,190,690 3,261,476 3,335,703 3,423,183 3,503,681 3,596,491
70, 533
80, 440
82, 330
105,162
120, 631
22, 791
34,127
12, 854
3.190
0, 571
26, 662
27,809
13, 645
3,784
8,540
26, 483
30, 283
14, 204
3,573
7,787
33, 250
41, 784
16,903
4,765
8,460
48, 311
16,905
6,368
10, 361
31, 142
35, 312
13, 079
34, 360
33, 947
12,133
35, 645
35, 301
11, 384
45, 365
43, 947
15,850
51, 371
50, 956
18, 304
130, 953 133,640
132,972
129,727
129,934
127.. 938
40, 975
54, 781
18, 506
5, 930
10, 761
44, 207
55, 993
17,891
5, 633
9,916
42,987
55,973
15, 785
5,571
9,411
40, 782
58,052
15,871
5,884
9,345
55, 396
54, 495
21, 062
57, 542
54,857
21, 241
44,918
55, 682
16,816
6,022
9,534
56, 564
55, 676
20, 732
57.592
54, 542
17.593
54, 786
54, 303
20, 845
104,
749
100, 208
37, 722
59,874
16,283
5, 361
8,698
30,103
48, 816
13,340
4,267
8,223
30, 290
43,145
14,424
4,170
8,179
52, 507
54, S30
20. 501
41, 910
46, 890
15, 949
41, 182
43, S60
15.060
1,825,133 1.564,168 1,578,543 1,600,482 1,628,421 1,657,647 1,688,297 1,717,507 1,750,934 1,775,284 1,802,632 1,816,357 1,825,108
206,068
170, 849
156,899
145,959
141,828
145, 273 169,897
168,145
172,628
178,191
184, 311
187,084
210,
446
1,758,213 1,942,427 1,929,346 1,913,862 1,899,856 1,885,087 1,870,305 1,854,824 1,840,686 1,824,672 1,809,074 1,794,111 1,777,110
32.3
35, 565
44.0
26,470
42.1
26,102
42.5
31,471
41.1
29,330
38.3
25,637
36.7
24,943
37.3
23, 698
33.5
24,122
32.9
24, 668
34.2
30,833
31.9
23, 822
32.4
31.261
§Beginning with the September 1940 issue of the Survey indexes computed as of the first of the month are shown as of the end of the preceding month. The Engineering
News Record index is similarly shown in the 1940 Supplement as of the end of the preceding month.
^Figures beginning April 1941 include mortgages insured under the defense housing insurance fund.
fRerised indexes of the American Appraisal Co. beginning 1913 are available in table 44, p. 13 of the November 1940 Survey. Data beginning 1936 for theFederal Home
Loan Bank Board's revised index of construction costs and beginning 1926 for the index of nonfarm foreclosures are shown on p. 26 of the October 1941 Survey.
S-6
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
March 1942
1941
Janu- | January I ary
February
March
April
May
June
July
August
September
October
90.5
68.3
86.5
81.9
89.9
90.7
61.8
85.0
81.4
110.0
89.1
67.7
86.3
82.1
85.5
Novem- December
ber
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:§
Combine index
1928-32=100..
Farm papers
., .__..
do
Magazines
.
_.
do
Newspapers..
.._..._...
do—
Outdoor
-,._.
.do
Radio advertising:
Cost of facilities, total
thous. of dol.
Automobiles and accessories.._
do...
Clothing
do...
Electric household equipment.
_do—
Financial
do...
Foods, food beverages, confections d o . . .
House furnishings, etc
.do...
Soap, cleansers, etc
do—
OfBce furnishings and supplies
do—
Smoking materials
do—
Toilet goods, medical supplies.—
do...
All other
_. — .
.do...
Magazine advertising:
Cost, total
do—
Automobiles and accessories-.—
do...
Clothing
do...
Electric household equipment.do—
Financial
do...
Foods, food beverages, confections d o . . .
House furnishings, etc
do...
Soap, cleansers, etc
do—
Office furnishings and supplies
do...
Smoking materials
do—
Toilet goods, medical supplies.-do—
All other
.
do —
Linage, total
.
.„___ thous. of lines.
Newspaper advertising:
Linage, total (52 cities).
do...
Classified
do —
Display, total
do—
Automotive
—. —
do...
Financial
do...
General
.
„
.do...
Retail
do...
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
percent of total..
NEW INCORPORATIONS
Business incorporations (4 States)
number..
80.5
87.7
80.6
82.9
63.4
72.6
77.7
79.8
86.8
59.4
80.9
80.5
89.3
61.3
83.7
80.0
104.5
89.0
68.8
84.1
83.2
83.5
91.0
63.3
83.6
85.0
90.7
87.8
64.5
82.1
80.7
84.5
10.270
817
87
0
41
3,106
80
1,118
0
1,356
3.076
590
'9,129
780
59
0
105
2,557
67
1,052
17
1,416
2,639
'430
'S, 146
698
60
(a)
92
2,290
46
915
0
1,263
2,355
'427
'9,031
807
62
0
99
2,623
58
1,040
0
1,336
2,488
-•518
'8,675
'632
'53
0
99
'2,525
47
1,045
0
'1,347
' 2, 589
'338
'8,601
'655
'70
0
100
'2,600
45
994
0
'1,383
2,444
'311
'8,429
'663
'38
0
99
'2,531
55
957
0
' 1,284
' 2,449
'352
' 8, 235
672
31
0
99
'2,220
44
1,092
0
' 1, 315
' 2, 507
' 256
'7,964
637
46
0
76
'2.137
55
1,009
0
'1,302
!,434
270
'8, 117
630
67
0
63
2,220
43
'999
0
1,252
-2,592
9,679
'771
'59
0
'39
'2,730
'72
1.060
0
'1,321
'3,151
JO, 4eo
659
383
103
345
1, 937
318
242
8,713
1,056
305
94
321
1,615
264
190
137
673
1,177
2,882
1,888
12,520
1,584
592
245
380
2,198
433
435
219
702
2,139
3,592
2,319
17,911
2,542
' 1,212
694
551
2,763
844
568
304
973
2,472
4,989
2,920
17, 978
2,816
1,126
832
449
2,444
1,096
548
235
795
2,507
5,130
2,686
18,738
3,086
1,166
849
454
2,410
1,403
567
301
943
2,340
5,219
2, 515
15, 427
2,267
803
612
380
2,292
893
397
198
863
2,456
4,267
1,890
10,823
1,416
222
315
277
2,109
320
275
122
763
2,033
2,972
1,716
11,279
1,346
675
196
278
2,110
286
331
241
606
2,009
3,202
2,066
14,643
1,254
1,337
276
412
2,133
829
333
359
699
2,435
4,576
2,514
93,171
21,353
71,818
3,663
2,295
12, 544
53, 315
93.963
20,690
73, 272
5,250
1,432
14, 806
51, 784
114,377
24, 712
89, 665
5,907
1,841
17, 228
64, 689
119,230
24,911
94,318
6,906
1,976
17, 625
67,811
122,443
25, 624
96, 818
6,939
1,743
18,314
69, 822
108,432
24, 294
84,138
4,918
1,664
16, 362
61,193
88,828
22, 378
66, 451
3,108
1,889
13,094
48, 360
95, 707
23, 306
72, 401
3,034
1,337
11,692
56, 338
76.6
76.2
78.1
79.0
80.2
80.2
1,712
1,872
1,804
1,732
1,500
1,638
72.3
177
73.3
1,853
3,740
1, 940
80,341
19, 004
' 1,' 320
2. 204
13,076
53, 677
2,084
88.6
56.9
91.6
78.5
92.5
99.4
67.4
92. s
91.3
112.3
1i0
r gf 723
V
r 834
73
0
51
' 2, 752
'91
991
0
' 1. 250
' 3, 078
' 605
10.412
' 948
'61
0
'41
' 2, 936
'72
1, 157
1
' 1,351
' 3, 218
'627
17, 885
2,118
1,389
436
376
2,893
1,214
455
291
782
2,939
4,994
2,534
18, 235
2, 145
1, 029
430
482
3, 010
996
503
374
870
3, 053
5, 343
2, 082
15. 928
1,116
880
470
355
2, 555
750
331
329
705
2, 679
5, 744
1, 937
107,160
21,745
85,415
2,980
1, 534
15,343
65, 558
123, 815
22,010
101,805
5,607
1,551
19, 993
74, 654
120,024
21. 008
99,615
4,841
1,515
20, 002
73, 25*
125, 484
20, 534
104, 950
3, 291
1, 702
17,047
82.910
79.9
79.5
80.6
1,343
1,332
1,412
r
POSTAL BUSINESS
Air mail: Pound-mile performance. _ .millions..
1,761
Money orders:
Domestic, issued (50 cities):
Number.
....-thousands..
4,879
5,742
Value
....thous. of dol.. 58, 379
44,982
Domestic, paid (50 cities):
Number
.
thousands
14,541
15,707
Value
.-....-.thous. of dol.. 135, 685 111,638
Foreign, issued—value.
..do.
1,328
Receipts, postal:
50 selected cities...
_do.
32,316
32, 567
50 industrial cities
do.
'3.992
4. 152
89.5
63.2
92.0
83.2
70.3
1.229
1
\
1,813
2,018
2.C62
2.106
2,083
2,213
2,255
2, 217
4,496
43,005
5, 553
53 309
4,845
46, 535
4,794
46, 898
4,821
47,001
4,702
47, 643
4,636
47,573
4,932
50,413
5,207
53,186
4.931
50. 334
5, 820
57, 537
13, 530
104,754
1,195
16,096
128,510
1,244
15,054
118,156
1,125
14,802
116,544
1,155
14,516
116, 275
1,133
14, 833
122,895
1,328
14, 567
122,493
1,458
14,795
128,836
915
17,084
149,199
15. 464
134, 759
17. 557
149,204
30,536
' 3,779
34,036
4,159
34,486
4,193
33, 722
3,961
31,202
3,824
30,637
3,887
30. 442
3,712
33,087
3,948
36,948
4,424
33. 805
3,821
48, 802
0, 101
3,639
110.2
120.5
106.9
130.3
156.8
121.7
3,537
118.1
137.6
111.8
136.6
173.7
124.6
4,207
127.9
155.1
119.1
135.2
167.6
124.7
4,598
142.2
182.9
129.0
136.2
166.2
126.5
4,895
146.6
196.7
130.4
141. 5
174.8
130.7
4,576
145.1
190.3
130.5
138.0
163.9
129.6
4,473
135.5
172.1
123.7
143.3
169.5
134.8
4,608
140.1
155.6
135.1
149.3
163.5
144.7
4,453
140.1
137.2
141.0
135.6
137.8
'134.9
4,643
138.3
137.7
138.5
131.4
128.4
132.4
4, 517
145.2
r 139.6
147. 0
139.6
134.1
141. 4
' 5.473
' 1, 660
153.9
' 109.9
' 138.4
144. 2
' 130.5
143
178
178
209
215
185
235
189
246
210
214
182
169
196
91
104
57
57
100
93
114
128
' 104
162
124.0
133.0
130.0
133.0
128.5
144.0
132.0
148.0
132.0
145.0
133.0
136.3
141.0
159.0
151.0
184.0
147.0
164.0
146.0
153.0
151.0
162. 0
157.0
178. 0
104.1
108.7
100.4
107.4
109.2
109.7
107.7
111.4
112.2
116.0
109.7
116.1
109.9
115.3
113.9
119.9
113.5
118.2
111.6
110.0
116.9
116.4
159.0
110.9
118.4
122.0
123.4
122.8
127.4
126.1
130.2
126.4
130.8
128.9
135.5
133.5
133.7
136.4
136.8
142.5
137.8
140.7
145.8
145.1
148.0
148.0
150.6
152. 1
' 109. {
92.1
116.2
94.8
113.2
116.1
116.4
110.2
114.0
111.3
116.8
111.9
122.2
113.1
128.9
120.4
125.3
122.0
123.9
130. 7
127.0
249. 0
' 113.9
4,600 |
151 i
4 899!
' 151 |
RETAIL TRADE
All retail stores, total sales*._.
mil. of dol._
Index, unadjusted
.
1935-39=100..
Durable goods
do
Nondurable goods
do-...
Index, adjusted
.______.,
do
Durable goods._
do—
Nondurable goods.
do
Automobiles, value of new passenger-car sales:f
Unadjusted
_
1935-39=100..
Adjusted X
—do....
Chain-store sales, indexes:
Chain-store Age, combined index (20 chains)
average same month 1929-31 = 100...
Apparel chains
do...
Drug chain-store sales:*
Unadjusted
..1935-39=100.
Adjusted
.do...
Grocery chain-store sales:
Unadjusted
.1929-31=100.
Adjusted
..do...
Variety-store sales, combined sales, 7 chains:f
Unadjusted..._
1935-39=100.
Adjusted...
do...
Chain-store sales and stores operated:
Variety chains:
H. L. Green Co., Inc.:f
Sales
thous. of dol.
Stores operated.
.number.
S. S. Kresge Co.:
Sales
_
thous. of dol.
Stores operated
number.
S. H. Kress & Co.:
Sales
thous. of dol.
Stores operated
number.
4, 212
126.8
94.7
137.2
149.0
125.8
156. 5
164.0
188.0
162. 1
167.1
" 97. 0
3,859
152
2,890
150
2,996
149
149
3,546
149
149
4,227
149
149
4,315
4,315
150
150
3,927
151
151
3,733
151
151
4,290
151
151
4,218
4,218
151
151
11,854
073
9,409
678
10,150
' 667766
11,507
675
675
13,314
13,314
673
673
13,443
13,443
673
673
12,127
12,127
672
672
12,016
12, 016
672
672
13,366
13,366
671
671
12,809
12,809
671
671
7.274
242
5,921
242
6,222
242
242
7,156
7,156
8,062
242
242
7,958
242
242
7,724
242
242
7,582
7,
582
242
242
8,022
242
242
8,483
242
242
242
242
14,102
671
671
8,427 j
242 I
9 175
' 152
18 832
674
^7 515
'675
8 458
242
17 372
' 242
' Revised.
v Preliminary.
« Less than $500.
§Includes data for radio advertising not available separately since November 1940.
fRevised series. Revised indexes of variety store sales beginning 1929 appear in table 30, p. 10 of the August 1940 Survey. H .L. Green Co. data revised beginning February 1939; for an explanation of the revision and revised data, see notes marked with a "f" on p. 24 of the September 1940 and December 1940 Survey For revised data on
value of new passenger-car sales beginning 1929, see p. 20 of the August 1941 Survey, and for an explanation of the revision, pp. 18 and 19 of that issue.
*New series. For data on sales of all retail stores beginning 1935, see table 5, p. 24 of the October 1941 survey. For data on drug-store sales beginning Julv 1934 see
table I. p. 11 of the November 1940 Survey.
'
{Seasonal factors have been revised beginning August 1941 to take into account the effect of restricted production.
S-7
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
January
January
February
March
April
May
June
July
August
September
October
November
December
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Chain store sales and stores operated—Con.
Variety chains—Con.
McCrory Stores Corp.:
3,819
Sales
thous. of doL.
202
Stores operated
number..
G. C. Murphy Co.:
4,804
Sales
_thous. of doL.
Stores operated
..number..
206
F . W. Woolworth Co.:
28, 345
Sales
thous. of doL.
2,021
Stores operated
number..
Other chains:
W. T . Grant Co.:
Sales
thous. of doL.
Stores operated
number..
496
J. C. Penney Co.:
30, 589
Sales
.thous. of doL.
Stores operated
number..
1,606
Department stores:
Collections and accounts receivable:
Installment accounts:
Index of receivables*_Dec. 31, 1939=100..
Collection ratio. _
percent..
Open accounts:
Index of receivables*.Dec. 31, 1939=100..
Collection ratio
percent..
Sales, total U. S., unadjusted—1923-25=100..
108
122
Atlantaf
1935-39=100..
99
Boston
1923-25=100..
120
Chicago!
1935-39=100..
112
Cleveland
1923-25=100..
122
Dallas
do
100
Kansas City
1925=100..
122
Minneapolis!
....1935-39=100..
104
New York
1923-25=100..
116
Philadelphia!
1935-39=100145
Richmond
1923-25 = 100..
110
St. Louis
do
San Francisco§
do
138
Sales, total U. S., adjusted!
do
158
Atlanta!...
1935-39=100..
152
Chicago !
do
149
Cleveland
1923-25=100..
161
Dallas
do
152
Minneapolis!
1935-39=100..
132
New York
1923-25=100..
» 163
Philadelphia!
1935-39=100..
138
St. Louis
1923-25 = 100..
San Francisco§
do
Installment sales, New England dept. stores
percent of total sales..
10.5
Stocks, total U. S., end of month:
Unadjusted....
1923-25=100..
Adjusted
.do
Mail-order and store sales:
Total sales, 2 companies
thous. of doL. 111, 481
Montgomery Ward & Co
do
41, 854
Sears Roebuck & Co
do
69,627
Rural sales of general merchandise:
Total U. S., unadjusted
-.1929-31 = 100..
151.4
East
do
162.8
South
do
173.5
Middle West.
do....
136.6
Far West
do....
166.6
Total U. S., adjusted.
do....
199.0
East
do
214.2
South.
do
219.3
178.5
Middle West
,
do....
226.7
Far West
do_._
2,926
199
3,224
199
3,691
199
4,241
199
4,101
200
3,923
200
3,948
201
4,320
201
4,164
201
4,422
201
3,479
204
3,531
204
4,021
204
4,949
204
5,302
204
4,931
204
4,971
204
5,379
204
4,870
204
5, 575
204
• 22,007
2,021
23,6G6
2,023
26,436
2,020
29,494
2,015
29, 778
2,020
27, 653
2,018
28, 398
2,018
30, 713
2,019
30, 097
2,018
6,655
494
' 6,770
'494
8,439
492
9,805
493
10,576
493
9,537
493
8,731
493
10, 069
493
20, 286
1,586
18, 327
1,587
22, 772
1,589
27, 555
1,591
29, 383
1,591
28, 390
1,593
26,143
1,593
103.6
17.6
101.2
17.5
99.4
19.2
101.7
18.8
103.3
19.0
102.6
17.7
84.8
47.5
79
93
69
89
75
74.5
46.3
93
125
74
109
95
112
95
108
84
106
121
97
99
103
125
116
108
118
109
98
118
107
111
80.1
46.1
106
137
86
120
115
117
93
122
100
126
142
111
110
104
141
118
105
118
119
103
133
105
112
81.1
47.7
105
136
89
125
111
124
100
122
95
124
146
105
90
101
122
113
100
126
115
'98
112
100
109
74.9
44.6
82
110
63
94
84
100
76
79
79
90
94
81
90
103
127
112
107
118
111
97
122
94
108
11.7
12.7
11.7
10.7
64
71
70
73
75
74
76
74
83, 466
33,495
49,971
83,832
33,841
49,992
110,866
44,485
66,381
133,787
58,068
75, 719
110.9
112.3
139.0
102.3
110.5
145.7
147.7
175.7
133.7
150.3
122.0
128.0
161.8
110.3
111.1
150.8
156.5
177.4
138.7
150.1
130.7
138.5
160.5
117.7
138.4
148.9
154.2
177.8
132.8
168.1
151.7
163.4
176.6
139.7
146.7
165.1
171.4
200.5
149.6
164.3
4, 655
201
9,398
202
205
10, 898
207
32,614
2,025
33, 776
2,024
62, 498
2,024
10,063
493
11, 863
493
12,170
494
23, 532
32, 385
1,596
33, 645
1,598
38, 718
1,603
40, 416
1,605
59, 513
1,606
101.2
17.6
107.6
18.8
110.5
18.9
110.4
19.3
110.4
19.2
20.3
79.4
46.2
100
114
82
119
105
110
85
114
98
116
129
92
71.0
46.1
79
102
63
92
85
93
79
93
81
89
107
82
78.0
45.0
106
144
82
122
120
128
106
127
100
115
139
106
90.6
45.1
125
158
100
151
130
151
114
142
125
134
153
128
92.5
46.9
112
138
98
123
109
127
106
140
112
136
169
119
93.7
48.6
'133
169
»• 103
146
136
'150
106
123
130
168
••172
133
46.3
197
245
'165
213
197
222
183
198
194
238
••283
190
105
138
124
103
124
124
99
126
105
104
134
123
107
123
115
102
121
100
115
148
131
117
132
131
114
135
119
134
163
154
145
166
145
134
155
141
116
146
137
124
136
124
120
125
120
105
125
117
105
113
117
98
119
106
116
154
133
"•127
134
123
109
132
114
10.8
9.5
11.8
17.4
12.0
10.8
8.9
6. 3
74
73
77
73
82
87
95
92
108
97
110
95
86
92
121,175 145, 519
48, 305 57,803
87, 716
72,870
145.495
59,780
85,714
164, 394
68,138
96, 256
170.7
186.0
183.9
153.3
194.7
208.7
233.3
255.0
185.8
211.4
183.8
181.9
239.8
158.8
221.2
173.9
185.1
217.2
154.9
189.1
216.4
221.8
299. 9
187.7
223.0
166.6
172.3
202.4
147.8
185.7
145, 359 131,439
60, 520 52, 872
84,839
78, 568
148.5
158.2
167.0
144.3
132.9
161.8
172.0
196.9
152.4
147.9
148.7
163.2
163.3
143.4
143.6
163.2
177.7
203.1
151.9
150.7
129.7
151.1
134.1
120.9
131.6
177.7
212.2
197.5
163.9
160.5
111
140
126
115
128
127
107
127
115
152, 308 204, 339
85, 269
63, 345
119,069
243.2
269.1
330.3
209.6
235.7
186.9
208.8
240.6
159.9
194.3
287.9
' 320.3
' 341.1
' 254.9
' 319.9
180.1
' 192.4
' 227.1
163.4
' 196.0
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment estimates, unadjusted (U. S. Department of Labor):*
Civil nonagricultural employment, total
thousands. _
Employees in nonagricultural establishments, total
thousands. .
Manufacturing
do
Mining
do
Construction
do
Transportation and public utilities.do.-...
Trade
do
Financial, service, and misc.
do
Government
...do
Military and naval forces
do
40, 708 ' 40,783
40, 756 '41,073
39,838
37,142
37,448
37,761
38, 228
38,902
39,475
39, 908
40, 292
33,695
12, 534
878
1,713
3,262
6,737
4,181
4,330
30, 999
11, 075
852
1,623
3,012
6,487
4,063
3,887
958
31,305
11, 273
854
1,678
3,028
6,491
4,075
3,906
1,145
31,618
11,457
864
1,631
3,056
6.578
4,097
3,935
1,343
32,085
11, 684
564
1, 775
3,113
6,792
4,174
3,983
1,546
32, 759
11,886
869
1,782
3,185
6,753
4,235
4,049
1,662
33,332
12,154
876
1,816
3,239
6,861
4,260
4,126
1,740
33, 765
12, 391
888
1,895
3,290
6,837
4,300
4,164
1,857
34,149 ' 34, 567 ' 34,640 ' 34, 613 ' 34, 930
12, 595 ' 12, 777 ' 12, 805 ' 12, 763 ' 12, 739
'908
906
915
911
900
1,936
1,960
1, 961 ' 1, 874
1,921
3,367
3,365
3,322 'r 3, 296
3,326
7,499
6,897
7,008
7,070
7,146
' 4. 227
4,325
4,256
4,229
4,300
' 4,387
4,210
4,248
4,269
4,281
1,944
1,992
2,014
2,071
0)
0)
'Revised.
v Preliminary.
§Indexes are in process of revision.
* Not available.
! Re vised series. Indexes of department-store sales in Atlanta and Minneapolis districts revised beginning 1919, and Chicago and Philadelphia beginning 1923; for Atlanta,
see table 53, p . 16 of the December 1940 Survey; for Minneapolis, table 20, p . 18 of the May 1941 Survey; revised Chicago and Philadelphia data will appear in a subsequent
issue. For revisions in adjusted index of United States department-store sales for 1935-39, see note marked with a " t " on p . 25 of the January 1941|Survey.
*New series. Indexes of department-store receivables are available only beginning January 1940; 1940 data not shown above are available on p. S-7 of the September 1941
Survey. Estimates of total civil nonagricultural employment, employees in nonagricultural establishments, manufacturing, and service industries (included in the miscellaneous group) have been revised beginning January 1929 and trade beginning January 1935, to adjust monthly estimates to the 1939 Census levels of employees in manufacturing concerns engaged in clerical, distribution, or construction activities, and retail trade employment and to figures shown by the 1930 Census of Occupations; the revised data
will be published later. Data for mining, construction, transportation and public utilities, Government, and military and naval forces are correct as published in table 11, on
pp. 17 and 18 of the March 1941 Survey.
445913—42
S-8
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
January
March 1942
1941
January
February
March j April
May
June
July
August
September
October
Novem- December
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Employment estimates, adjusted (Fed. Res.):*
Civil nonagricultural employment, total
38,097
38, 314
38, 824
39, 296
39, 903
thousands. . 40,879
38,263
38,329
40,013 M0,191 '40,604 ! M 0 , 893
40,100
Employees in nonagricultural establish33, 957
31,954
32,186
32,171
32, 681
33,153
33, 760
ments, total
_ .thousands.- 34, 736
32,120
33, 870 34, 048 '34,461 '34,750
12, 614
11,297
12,850
11,335
11,636
11, 886
12,221
Manufacturing
do
11,413
12, 605
12, 545 12, 598 '12,736 r 12, 788
849
875
846
Mining
-do
855
892
892
''892
572
877
923
889
914
908
1,666
2,014
1,644
2,130
2,132
1,859
Construction
do
1,933
1,698
1,668
1,776
1,924 '2.156
1,683
3,302
3,077
3,087
3,192
3,220
Transportation and public utilities.do
3,333
3,105
3,133
3,264
3, 292
3,303
3, 310 '3'. 313
6, 630
7,027
6,662
6,886
6,677
6,865
6,989
6,803
6,781
6,944
Trade
do—
7, 043 ' 7, 006
6,968
Manufacturing, unadjusted (U. S. Department
133.1
132.5
115.5
124.9
135.2
117.8
119.9
122.6
127.9
130.6
135.4 '134.8 ' 134. 3
of Labor)t~~
1923-25 = 100..
138.7
143.8
118.3
121.0
123.7
135.1
137.6
144. 0
144. 6 ' 144. 3
127.7
131.3
142.1
Durable goodst
do—
Iron and steel and their products, not in139.9
122.2
137.0
129.4
125.0
127.2
132.9
136.1
137.7
140.5
139.4
138.8 ' 138. 5
cluding machinery
1923-25=100.Blast furnaces, steel works, and rolling
149.1
148.8
131.3
133.3
135.0
137.4
144.0
140.6
147.2
148.9
147. 9
147. 8 ' 1 4 8 . 6
mills
1923-25 = 100.113.2
109.8
112.8
114.9
118.3
117.1
116.6
116.7
115.2 113.4 ' 113.8
103.8
116.0
Hardware
do
Structural and ornamental metal work
110.0
105.3
93.5
97.2
95.9
99.1
102.3
105.5
107.4
109.3
109.5
107. 6
1923-25 = 100.' 105. 7
145.3
136.8
101.8
107.1
120.5
104.1
109.5
132.0
130.1
138.8
135. 0
' 134. 4
145.0
Tin cans and other tinware
do
81.0
74.3
71.3
72.6
72.0
73.8
74.7
76.8
' 79.8
79.5
' 77. 9
80.4
'• 76. 6
Lumber and allied products
do.
108.4
102.8
93.7
96.7
95.8
97.6
100.1
103.8
107.4
108. 4
105.6
' 106 8
107.6
Furniture
.do.
r
70.'7
63.8
62.5
63.7
62.9
65.2
69. 5
65.7
67.1
' 66. 4
70.0
Lumber, sawmills
do' 65. 3
70.4
176.5
185.1 '139.7
147.7
143.5
156.2
180.1
162.5
167.7
181. 4 ' 183. 0
172.3
178.6
Maehinery, excl. transp. equipment-do
Agricultural implements (including trac172.0
163.6
144. 2
149.6
132.6
168.5
170.7
171.8
171.4
169.9
167.5 ' 167.2
170.7
tors)
1923-25 = 100-Electrical machinery, apparatus, and
167.4
129.4
136.4
141.5
147.3
154.0
169.4
168.8
158.8
163.8
supplies
1923-25=100..
168.7
0)
0)
Engines, turbines, water wheels, and
314.7
222.4
271.5
236. 3
257.2
247.6
352. 5
285.5
298.3
339.5
325.0
windmills
1923-25=100..
0)
()
145.6
117.4
123.6
134.9
130.0
139.1
147.8
142.6
Foundry and machine-shop products, do
147.0
120.0
148. 8 ' 150. 4
152.3
351.5
285.8
316.7
307.1
327.4
361.5
338.5
356. 8
Machine tools*
do
346.0
297.2
366.
9
(0
0)
202.4
147.5
149.1
158.5
173.7
217.9
180.7
Radios and phonographs
do
188.7
212.5
144.8
'217.6 ' 219.1
210.1
131.1
145.5
137.0
138.7
139.9
141.9
' 147. 4
Metals, nonferrous, and products
do
143.1
'
146.
4
134.7
'
146.
0
'
145. 5
144.3
171.6
192.9
180.5
184.3
182.6
189.3
193.4
Brass, bronze, and copper products.do
189.7
193.5
176.0
191.3
(:)
85.9
(0
89.7
101.3
93.0
95.6
Stone, clay, and glass products
do—
97.1
99.6
101.8 ' 102. 0
86.9
101.5
'
99.7
64.8
79.4
65.4
95.5
69.2
72.7
Brick, tile, and terra cotta.
...do
74.7
77.7
79.1
77.6
64.1
76.2
114.4
119.5
69.2
121.8
130.0
124.0
Glass
do...
132.4
125.5
127.9
130.3
115.8
' 133.1 ' 1' 7342 .. 30
152.6
161.2
128.9
166.3
171.7
172.0
203.2
177.8
Transportation equipment!
do
179.0
157.2
190.9
' 210. 4
208. 7
211.8 5, 037. 7 5, 344. 0 5, 563. 7 5, 929. 2 6,305.1 6, 718.1 7, 231.3 7,897. 3 8,515.7 1,174. 8 9, 701. 5 ' 0)
Aircraft*
do—
128. 5
131.5
0)
132.4
134.1
110.9
128.9
134.8
Automobiles.
do. _.
126.9
130.1
129.7 ' 116.2
124.1
240.3
272.4
102.9
310.7
295.8
494.6
388.3
Shipbuilding*
do...
338.6
375.3
442.5
256.6
532.2
0)
112.7
116.3
117.8
127.7
Nondurable goodsf
do
118.8
121.1
123.9
114.7
128.7 ' 127. 3 ' 125. 4 ' 124. 7
(0
Chemical, petroleum, and coal products
121.7
126.3
135.7
128.5
131.6
135.4
1923-25=100.
' 142. 0
' 146. 6 ' 148. 6 ' 148. 5 ' 148. 6
136.8
139.0
148.9
162.4
155.1
152.0
159.3
166.8
Chemicals
do—
172.2
180.1
183.4
175.9
184.9 ' 185. 9
182.4
186.6
128.6
126.3
132.9
137.4
141.4
Paints and varnishes
do...
144.8
' 142. 6 ' 142. 2
' 143. 9
145.5
144.8
143.9
140.7
119.2
119.5
119.1
120.5
122.0
Petroleum refining
do...
125.2
127.4
129.2 ' 129.3
129.2
127.9
128.5
129 2
311.0
312.2
313.5
317.9
323.5
Rayon and allied products
do...
327.0
324.4
' 322. 9 ' 321. 1
325.0
329.3
327.0
314.5
119.1
120.3
121.4
123.6
127.4
Food and kindred products
dO-__
135.2
152.4
144.8
145.7 ' 140. 7
159.3
162.7
135.1
142.9
145.
0
140.5
146.5
Baking
do—
149.0
152.2
154.
5
150.2
153.7 ' 151.5
152.7
153.5
148.6
110.6
110.7
116.3
110.2
116.8
Slaughtering and meat packing
do...
125.9
120.3
129. 7 ' 137. 7
122.4
123.6
123.1
143. 5
96.9
93.4
98.7
98.0
95.5
Leather and its manufactures
do...
98.5
98.1
96.7
101.0
' 99. 2
101.1
98.9
99.1
91.4
95.0
97.0
95.8
Boots and shoes
do___
93.0
94.9
94.7
'95.2
92.3
98.1
98.3
95.2
95. 6
119.4
117.1
'116.6
118.1
120.8
Paper and printing
do...
126.5
121.6
'
128. 3
123.0
'126.7
124.9
123.9
124.4
120.3
117.3
115.7
118.5
Paper and pulp
do-_.
122.7
128.2
124.6
126.0
' 128. 7 ' 129.1
128.4
127.8
129.5
1C6.4
100.7
98.8
102.8
105.0
Rubber products
do—
'
110.8
110.7
111.4
rill.5
'111.6
111.8
111.5
100. 6
78.6
77.9
80.0
82.3
Rubber tires and inner tubes
do__.
83.3
86.3
87.4
' 85. 4
'86.4
'86.0
86.5
86.7
76.4
110.1
106.4
111.6
112.1
112.5
112.6
Textiles and their products!
do—
113.2
115.4
115.5 ' 114.9 ' 113. 4 ' 113.0
110.7
101.7
99.7
102.7
103.7
105.1
106.2
Fabricst
do_._
107.0
106.3 ' 106.4 ' 106.1 ' 106. 2
106.9
104. 7
124.2
127.2
126.2
124.2
121.9
122.2
Wearing apparel
do___
129. 0
124.8 ' 123. 2
131.3
129.6
119. 4 '116.7
60.8
63.7
63.3
63.5
64.9
65.5
'67.4
Tobacco manufactures
do. __
65.4
67.3
68.4
65.8
63.9
62.
118.3
118.6
119.4
128.7
122.0
124.9
133.3
Manufacturing, adjusted (Fed. Res.)t do—
132.7
134.3 ' 134. 9
132.3
133.3
135.7
r
121.1
122.1
123.0
126.3
129.5
134.0
140.2
Durable goodsf
do. 142.3
143.7 ' 144.4
141. 3
141.5
147.2
Iron and steel and their products, not in139.8
125.5
124.8
126.2
128.3
140.2
138.2
139.5
132.0
136.0
139.7
138.3
cluding machinery
1923-25 = 100.
139.1
Blast furnaces, steel works, and rolling
150
150
133
133
133
136
140
145
<• 149
149
148
148
149
mills
1923-25 = 100.
114
110
113
116
'114
115
113
115
116
118
105
116
117
Hardware
do..
Structural and ornamental metal work
107
108
96
100
100
103
101
104
106
107
107
105
107
1923-25=100.
147
109
112
113
' 141
127
138
113
122
129
131
132
132
Tin cans and other tinware
do...
78.4
79.5
76.3
75.5
74.0
74.2
74.6
75.9
76.3
78.9
' 78.1
76.9
77.3
Lumber and allied products.
...do...
107
97
98
98
101
104
105
101
104
106
108
107
103
Furniture
do
70
65
67
68
67
67
68
65
64
65
68
68
68
Lumber, sawmills
do
177.7
148.1
155.8
161.6
167.3
179.3
173.0
' 183. 6
' 177. 8
Machinery, excl. transp. equipment._do
144.2
187.3
141.2
181.2
Agricultural implements (including trac182
126
158
166
170
181
180
175
167
tors)
1923-25=100.
140
147
172
160
Electrical machinery, apparatus, and sup168
147
153
159
164
168
168
plies
1923-25=100137
131
169
0)
Engines, turbines, water wheels, and
243
259
••315
245
275
293
323
371 I (i)
'348
windmills
1923-25-100
239
237
(0
Foundry and machine-shop products
120
124
129
146
134
139
143
147
148
149
150
1923-25=100.
153
118
296
304
315
326
337
349
366
355
360
365
Machine tools*
do
0)
0)
165
286
178
r
179
194
189
197
184
191
187
183
Radios and phonographs
do
207
221
155
135.1
136.2
138.9
144.1
147.8
147.9 ' 144. 8 ' 142. 9
140.7
141.8
Metals, nonferrous, and products
do...
' 143. 7
146.6
133.3
176
179
181
183
191
193
195
194
191
191
Brass, bronze, and copper products, do—
0)
173
92.3
92.
92.3
0)
92.1
93.7
98.6
100. 9
98.4
98.7
Stone, clay, and glass products
do—
r98.9
' 101.6
94.6
74
71
76
Brick, tile, and terracotta
...do.
73
70
69
69
73
74
74
104.8
75
116
118
132
121
122
124
131
133
130
Glass
do
130
131
80
120
152.
154.1
174.2
158.7
164.6
196.1
' 205.1
Transportation equipmentf.
_.do.
208. 8
193.1 ' 195. 2 ' 204. 5
13f:
150.4
5,398
5,509
5,813
6,121
6,522
Aircraft*
...
do.
7,160
G)
7,897
9,
799
8,779
9,459
211.6
5,089
123
123
Automobiles
do.
127
' 111
129
125
128
132
149
139
128
0)
123
262
268
Shipbuilding*
.
_do.
532
285
301
341
387
398
487
'440
(0
244
99
1
' Revised.
Not available.
fRevised series. For revised indexes, beginning 0)
in 1937 for all industries and nondurable goods, and January 1938 for durable goods, see table 12, p. 18 of the March 1941
Survey. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions not shown on pp. 25 and 26 of the May 1940 Survey are available
upon request. Index for transportation equipment revised beginning January 1939; see table 57, p. 17 of the December 1940 Survey.
*New series. Adjusted estimates of employment beginning January 1929 will be shown in a subsequent issue. For indexes beginning 1923 for machine tools and shipbuilding, and index for 1931 through 1938 for aircraft, see tables 39 and 40, pp. 15 and 16 of the October 1940 Survey; for aircraft indexes (revised) for 1939, see table 57, p. 17 of
the December 1940 Survey.
March 1!)42
S--9
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the Janu1940 Supplement to the Survey
ary
1941
January
FebruMarch
ary
April
May
June
July
August
Septem- October Novem- December
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Manufacturing, adjusted (Fed. Res.)—Cont.f
126.3
125.5
123.6
125.4 ' 125. 9
123.7
123.8
124.8
115.9
120.5
115.6
115.2
118.0
Nondurable goodsf
_ 1923-25=100..
145.4
140.7
144.5
146.3 ' 148. 0
143.0
145. 2
149.6
136.9
Chemical, petroleum, and coal prod._do
126.8
128.1
129.0
133.6
'181
172
'180
184
187
189
168
154
157
173
179
Chemicals
do—
161
163
144
140
145
144
145
148
144
144
136
130
130
Paints and varnishes
do
134
135
125
127
129
129
129
130
123
120
120
127
127
Petroleum refining
-do
121
121
324
323
337
320
'320
311
330
Rayon and allied products
do
310
306
308
324
326
328
137.3
138.6
140.7
147.2
147.9
146.8
135.0
138.4
140.9
Food and kindred products
do
133.3
131.0
131.3
132.5
151
152
152
152
151
152
149
Baking
do
143
145
149
152
146
148
125
126
121
133
139
119
123
124
Slaughtering and meat packing
do
112
111
113
114
104.2 ' 103.1
101.0
98.0
99.6
Leather and its manufactures
do
99.0
93.3
93.2
96.8
100.2
97.9
94.3
95.5
94
96
98
101
'100
91
91
94
Boots and shoes...
do
96
92
93
97
94
124.4
122.9
124.9
124.7
126.0
117.1
117.2
121.2
Paper and printing
do—
124.9
124.8
125.1
118.5
119.8
125
128
129
129
117
123
Paper and pulp
-do
130
116
128
119
120
126
128
110.3 ' 110.1
100.4
106.1
111.7
100.8
99.0
113.0
113.3
111.6 ' 110.1
Rubber products
_.do—
102.0
103.9
86
85
79
86
87
76
78
on
83
87
Rubber tires and inner tubes
do
87
87
on
OK)
oZ
116.1
112.7
113.1 ' 1 1 3 . 2
107.3
107.1
112.9
114.7
Textiles and their products!
do
111.6
120.0
117.1
107.6
109.8
109.0
105.2
104.9 ' 104.4
98.8
99.1
105.9
107.2
111.1
109.6
103.6
100.4
103.3
Fabricsf
do
127.0
124.7
126.7 ' 128. 2
122.0
120.5
124.0
126.6
124.9
119.3
119.8
135.0
128.8
Wearing apparel
do
'66.3
65.8
64.1
65.0
66.3
64.9
65.8
62.0
65.7
64.4
67.9
64.0
65.0
Tobacco manufactures
do
Manufacturing, unadj., by States and cities:
State:
129.4
124.1
142.5
147.5
112.2
137.8
136.1 ' 137.1
111.4
116.7
129.7
134. 7
137.8
Delaware
1923-25=100..
133.1
139.7
119.3
139.1
139.0
139.1
118.4
129.6
137.2
136. 6
140.3
120.1
126.1
Illinois!
1935-39=100..
154.9
160.1
144.4
161.5
161.7
162.8
144.8
152.3
158.2
146.7
149.6
156.6
159.1
Iowa
1923-25 = 100..
135.0
119.0
145.4
146.4
147.0
117.4
131.9
149.6
122.8
127.4
138.9
142.8 ' 144. 3
Maryland
1929-31=100..
97.6
99.5
100.2
100.1
100.4
90.7
96.1
99.2
87.0
92.9
94.9
99.1
99.1
Massachusetts
1925-27=100..
'136.0 ' 138. 4 r 136. 9
145. 3
144.4
145.3
123.1
132.3
145.4
120.0
'145.7
126.5
129.2
New Jersey
1923-25=100..
115.9
126.4
126.9
126.4
107.2
113.8
103.5
126. 8
118.4
122.8
New York
1925-27=100..
110.1
112.0
131.8
138.6
137.5
137.2 '136.9
120.0
129.0
116.6
134.6
123.0
125.9
134.6
136.6
Ohio!
1935-39 = 100..
106.7
110.6
110.9
111.0
104.4
98.3
96.2
'111.4
110.3
110.3
108.7
Pennsylvania
1923-25=100..
100.0
102.6
121.7
126.4
126.7
126.5
118.7
107.0
107.3
126.6
124.9
109.4
116.3
122.4
124.7
Wisconsin!
....1925-27=100..
City or industrial area:
116.4
113.5
121.1
125.1
129.9
132.9
144.8
137.3
141.7
146. 2
146. 9
149.8
143.7
Baltimore
...1929-31 = 100..
117.6
118.7
128.1
130.8
139.4
140.2
140. (i
138.4
139.1
Chicago!
.1935-39=100..
116.8
124.5
135.8
138.1
114.1
112.4
125. 3
128.5
134.2
134. 3
130. 3
134.1
117.4
121.7
130.1
132.7
133.4
Cleveland
_
1923-25=100..
122.1
123.0
123.8
119.6
117.3 ' 119.0
115.0
97.4
Detroit
do
102. 7
122.5
120.3
96.0
116.0
119.0
115.3
128.3
131.3
135.9
134.9
136.9
135.8
Milwaukee
1925-27=100..
134.3
120.9
125.3
130.2
135.4
109.9
104.8
113.5
112.8
126.7
124.7
125.7
125.1
New York
_
do
112.8
114.1
114.3
121.5
99.4
96.7
106.7
109.1
116.3
118.1
114.3
Philadelphia
1923-25=100..
117.4
'118.7
101.3
103.6
110.5
111.8
103.9
101.6
109.9
112.9
118.0
118.4
117.1
Pittsburgh
_-do
118.8
104.9
108.3
'119.3
115. 6
117.1
103.4
102.3
116.5
117.1
122.4
125.5
122.4
Wilmington
do
127.2
125.7
107.1
113.5
120.0
120.9
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
48.7
50.6
50.3
50.2
49.2
50.3
50.0
50.0
50.2
49.4
49.3
49.1
Anthracite
1929=100..
90.6
90.2
88.1
95.3
87.9
94.2
95.3
'95.1
95.4
Bituminous coal
do
91.1
23.5
90.3
92.6
73.4
72.5
78.9
79.7
77.1
79.4
81.3
74.3
77.2
79.5
Metalliferous
do
'79.5
79.0
79.9
60.5
60.5
61.5
61.6
60.4
61.8
61.3
61.0
Crude petroleum producing
do
60.2
60.1
'60.9
62.1
62.2
42.4
41.7
51.9
54.1
51.0
54.2
46.4
50.8
Quarrying and nonmetallic...do
'52.6
44.2
48.2
52.7
53.9
Public utilities:
90.5
90.1
91.3
92.2
94.1
90.3
95.2
93.5
'93.4
Electric light and power!
do
92.0
94.9
93.3
94.6
68.0
70.3
69.1
68.3
Street railways and buses!
__do
68.2
68.3
69.5
69.7
'70.2
70.4
70.5
70.3
86.3
90.6
80.4
Telephone and telegraph!
do
89.6
'90.1
90.3
81.8
83.2
88.3
89.6
90.3
Services:
101.4
117.2
120.6
101.0
104.4
118.9
121.2
122.7
Dyeing and cleaning
.do
117.2
121.5
113.1
121. 7
109.8
101.1
101.4
]08.3
111.2 ' 108. 9
Laundries
-do
102.5
104.9
112.0
108.6
113.0
108.4
115.8
114.6
93.9
92.9
96.3
96.2
Year-round hotels..
.do
94.2
95.0
94.2
95.2
' 96.1
95. 0
94.5
94.5
95.7
Trade:
90.7
97.8
96.1
90.5
92.5
96.9
101.0 ' 103. 0
Retail, total!._____
.do
97.8
100.0
96.7
112.8
95.7
92.9
102. 5
94.0
96.6
108.7
116.4 ' 125. 9
General merchandising!.
...do
105.1
161.0
105.3
111.7
100.9
103.0
91.4
92.2
91.2
96.3
Wholesale
do
63.8
91.8
92.4
96.5
94.9
'96.3
95.6
94.2
95.8
Miscellaneous employment data:
114.6
139.8
150.8
163.0
167.7
162.3
Construction, Ohio!
1935-39=100..
111.3
116.8
157.2
'146.4
124.5
166. 5
164.7
Federal and State highways, totalt_number__
199, 628 184, 042 193,898 235,876 285, 397 318,436 331, 438 340,146 320, 301 300, 381 270, 202 224, 762
47, 693 92, 363 87,038 127, 634 142,185 152,691 158,744 149, 800 135, 622 111,755
55,455
Construction (Federal and State)
do
75,131
99, 503 101, 535 110,912 118, 945 134,896 136, 651 138,631 128, 415 124, 523 118,559 110,311
106,420
Maintenance (State)
_
do
Federal civilian employees:
1,153,431 1,173,152 1,202,348 1,251,283 1,306,333 1,370,110 1,391,689 1,444,985 1,487,925 1,511,682 1,545,131 1,670,922
United States
do
District of Columbia
do
158,610 161,862 167,081 172,876 177,328 184, 236 185,182 186,931 191, 588 194, 265 199, 283 207,214
Railway employees (class I steam railways):
1,051
1,104
1,039
1,148
1,179
1,243
1, 231
1,074
1,235
1,227
1,211
1,211
Total
thousands..
57.6
63.0
64.7
68.2
57.0
67.8
66. 3
67.3
Indexes: Unadjusted
1923-25=100..
58.8
60.5
66.5
67.6
65.4
59.9
62.3
63.3
66.3
59.4
66.5
68.0
66.8
60.5
61.0
64.8
66.0
Adjusted
.do
68.2
LABOR CONDITIONS
Average weekly hours per worker in factories:
41.0
40.7
41.7
41.5
41.2
40.2
41.2
41.3
41.7
41.6
Natl. Ind. Con. Bd. (25 industries)—hours_41.0
41.6
42.4
41.1
40.0
41.3
41.2
U. S. Dept. of Labor (90 industries)..-do
39.0
40.8
40.9
40.3
40.4
40.0
40.3
41.0
Industrial disputes (strikes and lockouts):
'426
•"352
'407
175
••236
'256
••344
' 459
••399
'251
Beginning in month
number..
'460
'455
155
'620
••385
'•345
••561
' 423
In progress during month
.do
'662
'657
*' 350
255
•"493
-583
r 615
'679
Workers involved in strikes:
r
p 35
••142
' 198
'224
211
511
'117
••326
'142
'293
Beginning in month
thousands..
92
P 33
••128
*6.r)
'344
' 332
-•225
In progress during month
do
' 423
••222
'352
110
*>49
177
565
' 300
»500
Man-days idle during month
.do
' 663 r 1, 134 ' 1, 557 ' 7,109
2,199 r 1,491 ' 1, 311 ' J.S01 ' 1, 922 ' 1,903 ' 1,317
P 390
Employment security operations (Soc. Sec. Bd.)
Placement activities:
Applications:
4, 234
4,982
4,229
4, 699
6,097
Active file
.thousands.. p 4,893
5,093
5,170
5,156
5,126
4, 356
5,101
1,327
' 1, 6o:$
1,488
New and renewed
do
1,373
1,539
1,623
1,816
v 1,952
1, 396
1,597
1,446
1,606
1,825
539
407
Placements, total
do
344
471
500
376
443
499
510
546
v 431
Unemployment compensation activities:
4,047
3,623
3,045
2,548
2, 597
Continued claims
thousands.. ' 4, 584 4,931
3,738
4,270
3,914
3,576
2,650
3,618
Benefit payments:
572
806
762
590
659
684
611
493
430
470
Individuals receiving payments!
do
826
r>797
523
Amount of payments
.thous. of dol_. M l , 056
39, 270 34, 611 33,608
26, 998 31, 574 30, 564
29, 307 26,494 22, 942 21, 430 21, 066
27, 847
' Revised.
v Preliminary. January 1942 figures for applications exclude Alaska and Hawaii.
§Data are a weekly average of the number receiving benefits, based on an average of the weeks of unemployment compensated during weeks ended within the month.
fRevised series. For revisions in indicated nondurable manufacturing series, see note marked " ! " on p. S-8. Telephone and telegraph indexes revised beginning 1932,
other indicated nonmanufacturing employment series beginning 1929; see p. 17 of the April 1940 Survey, except for indexes for street railways and busses beginning 1932,
which were subsequently revised as shown in table 27, p. 17 of the May 1940 issue. For revisions in Illinois and Chicago indexes, see note marked with a " ! " on p. 29 of
the January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 72 of the February 1941 Survey will appear in an early issue. Earlier
monthly data on indexes beginning 1923 for Ohio factory and construction employment revised to 1935-39 base are shown on p. 17 of this issue.
JTotal includes State engineering, supervisory, and administrative employees not shown separately; see note on p. 27 of the May 1941 Survey.
S-10
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
January
March 1942
January
February
March
April
May
June
July
August
SepNovem- Deeem
tember October
ber
bcr
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Labor turn-over in mfg. establishments:
Accession rate..mo. rate per 100 employees...
Separation rate, total
do
Discharges
_do
Lay-offs
do
Quits and miscellaneous
_..do
6.87
5,10
.30
1.61
3.21
5.54
3.41
4.92
3.15
5.62
3.40
6.04
3.89
5.95
3.86
6.31
3.71
6.00
4.24
5.43
4.14
1.61
1.62
1.20
1.76
1.06
2.13
1.19
2.45
1.08
2.54
1.03
2.42
1.40
2.55
1.13
2.71
173.2
203.9
120.7
132.0
126.8
139.2
131.2
144.6
134.7
149.9
144.1
163.1
152.2
173.9
152.7
172.2
.18
.19
.21
.25
.24
.26
5.16
4.53
.31
1.16
4.87
4.13
1.41
2.44
3.91
3.56
.24
:
147
1.85
158.1
177.6
162.6
183.3
'167.0
191.4
' 165. 4
190.3
.29
4.76
4.71
.29
2.15
2.27
PAY EOLLS
Manufacturing, unadjusted (U. S. Department
of Labor)t
1923-25=100_.
Durable goodsf
do
Iron and steel and their products, not including machinery
1923-25 = 100..
Blast furnaces, steel works, and rolling
mills
1923-25 = 100-.
Hardware
do
Structural and ornamental metal work
1923-25=100 _.
Tin cans and other tinware
do
Lumber and allied products
do
Furniture
-do
Lumber, sawmills
do
Machinery, excl. transp. equip
do
Agricultural implements (including tractors)
1923-25== 100..
Electrical machinery, apparatus, and
supplies
1923-25=100.
Engines, turbines, water wheels, and
windmills
1923-25=100..
Foundry and machine-shop products
1923-25-100.
Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, and products
do
Brass, bronze, and copper products.do
Stone, clay, and glass products
do.
Brick, tile, and terra cotta...
do.
Glass
do.
Transportation equipment!
do.
Aircraft*
do.
Automobiles
do.
Shipbuilding*
_do.
Nondurable goodsf
do.
Chemical, petroleum, and coal products
1923-25=100—
Chemicals
do.
Paints and varnishes
do.
Petroleum refining
do.
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing
do
Leather and its manufactures
do
Boots and shoes
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and inner tubes
do
Textiles and their products!
do
Fabrics!
do
Wearing apparel
do
Tobacco manufactures
do...
Manufacturing, unadj., by States and cities:
State:
Delaware
1923-25=100.
Illinois!
1935-39 = 100.
Maryland
1929-31 = 100.
Massachusetts
1925-27=100.
New Jersey
1923-25=100
New York.
1925-27=100.
Ohio*
1935-39=100.
Pennsylvania
1923-25=100
Wisconsin!
1925-27 = 100.
City or industrial area:
Baltimore
1929-31 = 100
Chicago!
1935-39=100.
Milwaukee
1925-27=100.
New York
do..
Philadelphia. _.
1923-25 = 100
Pittsburgh
do...
Wilmington
do...
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
1929=100.
Bituminous coal
_.
.do...
Metalliferous
do...
Crude petroleum producing
do....
Quarrying and nonmetallic
do.. _
Public utilities:
Rlectric light and power!
do—..
Street railways and buses!
do
Telephone and telegraph!
do
130.8
137.0
141.2
150.9
160.9
168.6
166.6
172.0
170.6
' 173.4
'171.9
185.3
149.9
139.9
130.4
145.4
134.8
149.0
138.1
164.1
135.7
172.7
141.5
179.9
150.2
181.6
123.8
178.4
148.7
181.1
151.5
122.3
178.5
81.1
111.0
66. 4
282.9
89.4
114.8
68.1
84.2
59.2
167.5
93.8
115.7
70.6
90.0
60.5
176.8
97.1
121.8
72.8
93.9
62.7
186.2
103.4
127.3
75.7
95 2
66.4
197.4
113.8
146.4
78.0
102.7
66.0
217.2
120.1
163.2
83.9
110.0
71.1
229.9
112.5
171.3
85.5
110.1
73.5
233.0
183.3
145.7
125.2
184.7
92.3
116.1
80.3
243.4
123.6
187. 6
90.8
118.0
77.5
127.2
'171.7
' 92. 3
120.6
'78.2
255.7
183.2
148.2
116.3
' 165. 8
'86.4
r
118.8
'70.2
255.3
228. 8
180.9
174.2
162.0
229.6
229.0
233.3
228.4
227.5
231.6
223.9
0)
162.7
175.7
185.9
192.3
215.3
224.0
232.0
240.0
244.7
242.1
0)
331.6
347.0
378.6
372.4
444.1
484.7
506.9
545.1
615.5
676.3
128.7
136.1
143.6
414.5
444.7
471. 5
144.9
146.4
157.2
146.0
151.2
155.1
220 2
224.5
230.7
79.6
82.0
85.2
54.6
54.8
56.1
131.0
135.3
140.5
' 176. 3
190.8
197.2
5, 919. 7 6,440. 6 6, 678.3
147.7
159.3
163.1
307.6
338.1
365.0
108.1
112.9
116.3
152. 2
472.2
163.9
157.2
234.8
91.1
62.4
143.5
191.6
7,134.4
147.3
395.4
117.7
166.2
507.2
191.5
166.7
246.6
97.8
69.1
150.3
217.0
7, 697.3
170.6
433.9
122.9
177.8
529.3
200.4
174.6
262.2
100.2
71.8
153.5
240.0
8,193. 5
188.3
505. 9
127.9
211.2
0)
274.8
196.5
(0
100.4
64.4
171.2
327.8
0)
155.8
0)
138.7
203.3
280.0
172.8
171. 6
392.0
154. 2
150. 4
183. 2
107.7
101.4
136.2
172.3
134.9
114.6
119.1
121.3
107.4
71.1
248.2
230.7
241.3
572.9
176.5
191.4
194.7
186.0
187.8
596.3
553.4
534.7
599.1
578.2
261.7 ' 268. 2
218.7
234.0
254.4 ' 185. 6 ' 181.9
182.6
173.7
267. 6
273.6 ' 185.6
263.8
260. 6
270.8 ' 109. 5
104.2
98.9
106.1
105. 4
75.8
77.0
73.4
72.9
76.2
173.7
155.4
147.1
169. 3
160.5
282.0
224.4
228.8
287.8
252.6 .2, 301.6 13, 204. 6
9,045. 7 10,303. 0
176.6
139.2 11,145. 8
158.0
175.8
159.3
803.4
614.6
582.0
827.1
703.8 ' 139. 6 '137.4
136.3
130.7
139.5
176. 3 r 180. 0 ' 187. 0 ' 194.3 ' 195.6
264. 6
261. 0
239.7
247.2
250.9
171.5
172.7
169.9 ' 173.8 ' 172 2
167.8
168.0
157.2
159.1
166.4
386. 4 ' 385. 2
368.2
368.6
374.3
162.9 ' 157. 7
152.8
165.5
170.1
159.7
157. 6
155.2
153.1
157.4
153.5
142.9
151.0
139.4
145.8
'97.0
104.7
100.
5
103.2
101.6
'88.4
100.7
93.3
98.8
95.3
130.9
135.9 ' 137. 5
128.6
133.3
162.7
156. 9
163.0 ' 165. 4 ' 166.9
138.8
138.1
135.6
141.0
134.8
116.4
117.6
111.8
118.4
107.3
119.3
113.6
'118.2
123.4 ' 122.4
114.4
113.3
118.0 ' 120. 2 '118.9
121.7
' 109. 6
126. 3 '119.2
107.1
70.0
77.1
75.6
69.8
70.4
142.1
188. 2
137.4
132.2
335.9
120.2
134. 5
119.7
83.3
80.1
115.4
127. 5
111.6
97.9
' 95. 0
93.1
'93.1
59.3
144.8
193.9
141. 7
132.1
327.6
119.6
137.8
113.5
91.5
88.9
117.1
132. 5
115.3
99.7
103. 9
98.5
108.1
61.7
149.1
201.7
147.4
133.4
332.9
122.4
140.0
114.2
96. 1
94.2
120.3
136. 4
119.5
102.7
107.0
101.1
112.2
62.7
158.3
208.3
157.9
142.4
342.3
125.2
140.9
115.1
92.3
89.1
121.2
139.1
122.3
106.3
107.0
104.1
106.2
58.9
164.9
221.8
170.4
146.3
356. 2
134. 7
148.4
133.1
91.0
86.7
124.9
145.6
128.7
111.1
110.4
109.3
105.9
67.1
172.4
232.7
177.8
156.7
362,4
144.4
154.4
137.8
97.2
91.9
128.6
157.7
141.1
122 A
111.4
111.6
104.1
70.2
112.9
134.8
151.6
89.6
133.2
108. 2
142.9
99.4
126.1
125.1
138.3
155.1
97.0
139.1
113.6
152.7
104.7
129.5
128.1
140.8
161.2
101.0
14n.6
119.2
159.8
109.0
134.8
137.3
151.6
' 174.3
104.0
147.5
122.6
167.0
114.5
142.5
150.1
161.6
189.2
110.2
161.1
129.0
176.6
121.7
150.9
156.0
170.5
196. 2
114.5
169.0
134.2
186.3
127.2
159.5
159.9
170.2
202.5
117.2
173.7
137.5
188.3
126.3
154.6
169.5
178.7
207.9
116.9
173.0
146.4
190.4
131.1
163.8
173.7
180.5
r 215. 2
121.3
189.3
152.6
190.9
131.2
164.
169.5
159.2
154. 4
169.1
153. 7
135.1
132. 6
103.3
103.6
109.7
102.5
157.9
135.1
139.5
109.7
110.5
114.5
113.6
164.2
135.1
144. 5
115. 2
114.0
118.7
115.9
178.4
148.7
151.7
115. 9
114.7
131.6
124.1
194. 5
158. 2
157.8
118.0
126.4
138.4
134.9
200.6
166.1
163.9
119.1
134.0
143.9
138.8
207.4
168. 9
159.3
123.3
136.8
140.5
141.3
212.8
174.8
169.7
134.3
139.1
146.3
146.0
38.9
116.
94.4
65. 2
47.7
38.5
87.8
70.4
56.2
36.9
45.2
90.8
71.8
57.3
38.2
42.4
93.8
72.7
56.1
40.3
24.3
15.8
78.9
57.8
47.0
33.4
107.2
81.5
58.8
53.2
51.2
107.2
85.3
59.9
55.7
34.8
105.4
79.3
61.4
55. 5
114.3
80.0
124.1
105.1
70.7
103.9
105.4
71.0
104.3
106. 1
72.5
106.4
107.6
72.0
107.1
109.6
72.7
110.5
111.4
76.2
113.0
113.5
75.8
115.7
187.9
188. 4
240.8
129.3
203.3
~200.T
139. 3
175. 2
247.4
189.1
182.0
1
170. 2
195.9
175.0
1
185.0
' 152. 7
• 120.1
• 173.6
'85.8
• 120.9
'68.0
•271.3
• 219.0
0)
0)
' 202. 8
0]
r
287.9
' 193. I
0)
' 106.8
' 172. 2
' 290. 0
0)
' 147. 9
0)
'141.3
' 200.9
'271.6
'176.0
' 173. 9
391. 2
' 157.1
' 157. 5
' 168. 5
' 106. 7
' 99. 5
' 144.1
' 169. 9
'138.0
' 109. 5
' 122.1
' 123.6
' 111.7
'76.7
120.7
188.5
151.
195.7
136.2
173.2
171.9
181.7
221.4
119.5
190. 0
151.0
194. 0
135. 2
170.5
182.4
188.4
234.0
125. 7
' 198 o
157. 4
202 5
' 139.7
172.9
220.9
177.
168.2
142.4
144.0
143.6
145.9
229. 6
180. 3
175.0
135.4
149.9
150.6
149.7
226. 9
179.9
173.8
133.6
151. 8
149. 8
153.8
' 240.4
186.1)
180.2
141.2
' 159.0
' 153.7
' 163. 2
51.1
117.3
85.4
61.5
59.3
49.6
115.5
85.9
64.4
60.5
49.2
122.6
88.3
64.4
61.5
41.8
' 116.3
' 89 8
'64 2
35.')
119.6
OO. 9
64. 9
115.1
78.6
116.4
115.0
78.1
117.3
115.7
78.4
117.0
' 1 If). 2
' 78. 2
' 118. 3
116.:',
183.7
224.5
80. 1
124. 1
' Revised.
i Not available.
tRevised series. For revisions in indexes for all manufacturing, durable goods, and nondurable goods, for 1938 and 1939, see tablel2, p. 18 of the March 1941 Survey. Index
for transportation equipment revised beginning January 1939, see table 57, p. 17 of the December 1940 Survey. Slight revisions were made in data for textiles and their products
and4 fabrics beginning 1933; revisions not shown on p. 27 of the May 1940 Survey are available upon request. * For revisions in Illinois and Chicago indexes, see note marked with
a ! ' on p. 29 of the January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 74 of the February 1941 Survey will appear in an early
Issue. Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated nonmanufacturing pay-roll indexes revised beginning 1929; see table 19, p. 17 of the
April 1940 Survey.
•New series. Earlier data on Ohio pay rolls are shown on p. 17 of this issue; for other indicated pay-roll series, see note marked with an " • " on p. S-8 of this issue.
S-ll
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Janu1940 Supplement to the Survey
ary
1941
January
February
March
April
May
June
July
August
September
October
Novem- December
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Nonmfg., unadj. (U. S. Dept. of Labor)—Con.
Services:
Dyeing and cleaning
1929=100._
Laundries
do
Year-round hotels
__do___
Trade:
Retail, totalt
do____
General merchandising!
do
Wholesale
do
86.7
103.9
91.9
73.3
89.8
84.1
74.4
89.7
86.1
77.2
90.9
85.7
97.8
95.8
87.1
96.1
98.7
87.9
98.4
102.5
87.4
96.4
106.7
87.6
92.1
104.7
88.2
99.5
105. 2
90.0
98.5
103.4
91.9
'93.0
101.9
'93.2
88. 5
102.7
93.5
95.0
105.5
91.9
83.7
86.5
80.5
84.6
86.0
81.4
86.2
88.3
82.0
91.7
98.6
83.4
91.5
96.0
84.6
95.2
100.1
88.2
94.0
97.5
88.0
94.0
99.3
89.8
95.8
106.6
90.9
97.3
110.9
92.0
'98.5
'117.8
'91.6
107.9
150.6
92.7
WAGES
Factory average weekly earnings:
35.74
31.89
30.61
34.10
35.10
35.65
Natl. Ind. Con. Bd. (25 industries)..dollars.,
34.26
31.80
33.12
33.70
36. 08
31.41
37.59
29.17
31.22
31.66
' 32. 06
' 32.89
' 32. 80
27.71
29.11
31.88
U. S. Dept. of Labor (90 industries)
do
33.69
28. 56
30.78
33.49
Durable goods
do
33.54
36.91
35.84
36.55
37.82
'
37.92
'
37.65
31.90
38.65
32.90
35.57
Iron and steel and their products, not in36.07
' 36.49
' 36.40
cluding machinery
dollars. _
31.46
36.40
35.60
32.21
32.65
35.71
35. 53
34.40
37.00
Blast furnaces, steel works, and rolling
38.63
39.06
33.66
34. 51
34.94
37.87
39.46
37.81
38.90
38.81
39.26
mills
dollars.38.98
31.26
29.20
31.42
31.35
32.29
32.32
28.84
28.64
33.18
Hardware
do
28.30
28.95
29.89
Structural and ornamental metal work
34.59
37.59
36.51
33.71
36.98
32.35
36.92
36.33
31.01
34.04
dollars-.
31.67
36.13
29.56
27.39
28.42
28.92
25. 53
26.17
27.70
38.89
25. 31
27 59
Tin cans and other tinware
do
24.98
27.27
21.68
23.57
23^21
24.68
24.47
' 25.12
' 24.12
24. 35
20.72
Lumber and allied products
do
21.24
22.16
22.57
23.03
26.81
21.42
22.32
25.12
24.68
25.49
26.03
26.71
26.07
23.22
Furniture
do
24.35
20.32
21.89
22.72
' 23. 22
' 21. 79
21. 50
19.59
21.02
21.60
23.49
Lumber, sawmills
do
19.89
20.74
35.02
40.74
33.35
34.26
38.00
38.47
' 39.23
38.98
38.19
Machinery, excl. transp. equip
do
37.53
35.20
37.17
Agricultural implements (including
36.72
37.46
37.12
37.32
36.62
36.31
35.90
33.25
33.13
33. 54
37.52
36.88
tractors) t
dollars..
Electrical machinery, apparatus, and
37.78
37.16
37.41
37.24
37.01
37.06
39.12
34.41
33.00
34.46
33.87
36.68
supplies
dollars..
Engines, turbines, water wheels, and
50.64
46.62
47.81
53. 02
45.94
45.03
45.02
39.36
40.43
38.73
38.30
43.39
windmillst
dollars..
Foimdry and machine-shop products
38.84
38.00
37.72
37. 78
37.77
39. 86
36. 61
32. 51
34.39
33.51
34.75
36.51
dollars. .
43.22
44.74
45. 54
45.17
48. 82
43.53
40.15
42.80
41.49
41. 62
42.79
41.10
Machine tools*
do
32. 39
24.08
27.09
28.30
28.32
29.25
29.42
' 30.16
25.79
24.80
27.02
25.31
Radios and phonographs
do
35.09
' 34. 72
30.71
34.30
33.78
35.22
31.57
36. 86
31.00
34.88
31.50
33.12
Metals, nonferrous, and products..do
35.22
38.42
38.37
38.65
38. 24
' 37. 79
36.45
40. 81
35.20
39.17
35.70
37.10
Brass, bronze, and copper prod...do
25.17
25.89
29. 26
25.61
28.04
27.02
27.98
28.28
' 29. 38
' 28. 59
26.50
27.64
Stone, clay, and glass products
do
21.74
24.59
25.27
25.71
25.11
22.30
24.97
25.30
25. 84
22.09
24. 58
23.38
Brick, tile, and terra cottaj
do
28.02
28. 76
31.80
28.62
29.91
28.19
29.28
30.19
32.16
' 31.17
28.70
29.53
G lass
do
37.66
41.72
' 43. 60
' 43.01
38.80
42.69
43.78
38.44
36.41
40.51
41.23
Transportation equipment
do
39.90
34.13
35. C2
42.22
35.14
35.63
38.08
38.19
' 39. 20
' 39. 74
36. 57
35.15'
Aircraft*
do
35.84
37.61
40.61
40. 97
40.05
45.68
40.79
41.09
41.72
44.32
43.84
Automobiles
do
30. 36
41.56
37.09
39.30
49.19
38.71
47.84
' 45. 90
43.78
46.82
45.54
39.16
46.47
Shipbuilding**
do.....
40.89
22.64
23. 63
26.90
23.23
25.11
25.78
'26.11
' 26. 09
25.07
25.38
Nondurable goods
do
23. 62
24.48
Chemical, petroleum, and coal products
' 34. 99
' 35. 23
33. 63
34.12
36.19
33.74
33.78
30.31
30.24
32.41
dollars- 30. 36
30.96
38.64
36.04
36.57
36.58
37.85
' 38.08
33.10
36.38
34. 24
Chemicals
do
33. 50
33 93
35.48
34.20
32.56
r 33. 33
' 33. 30
33.81
32.65
32.63
29.86
30.22
30^46
Paints and varnishes
do
31. 57
33.05
41.74
38.74
38.57
40.14
40.33
40.41
38. 26
34.46
34. 36
34. 68
Petroleum refining
....do
36.64
37.14
31.13
29.29
30.42
' 30. 50
28.36
28.60
29.06
27.40
26.94
27.28
Rayon and allied products
do
27.54
28.16
28.33
27.08
26.33
26.
56
'
27.
14
27.39
24. 89
26.
36
25.25
Food and kindred products
do
25. 74
25. 56
26.68
28.84
28.46
28.21
28.26
28.06
28.32
28.18
28.81
26.73
Baking
do
26. 66
26. 59
27.56
31.87
29.79
31.20
30.79
30.
63
26.84
30.31
26.
70
29.43
Slaughtering and meat packing.-do
26.81
27.14
29.55
24.87
20. 67
22.99
23.97
23.71
23.59
23.16
21.89
23.68
Leather and its manufacturesJ
do
22.61
21.87
22.09
23. 36
22.07
22.90
22.35
'
21.
45
19.
58
21.66
20.92
22.53
21. 77
20.84
20.89
Boots and shoest
do
34.04
32.04
32.34
' 32. 66
' 32. 98
30.04
32.01
31.70
29. 75
30.67
30. 54
31.13
Paper and printing
do
32.42
27.66
27.02
30.97
30.49
31.18
31.17
31.73
'
3
1
.
9
4
28.19
28.31
29.07
Paper and pulp.
_
do
33.78
32.65
33.54
' 34. 39
33. 84
31. 20
34.70
30. 85
33.18
31.62
31. 67
32.82
Rubber products
do
37.
40
37.02
36.
67
41.41
39.54
39.17
36.19
37.92
'
39.
72
37. 55
37. 68
38.88
Rubber tires and inner tubes
do
21.04
21.73
'21.91
' 21. 57
22.30
20.33
18.13
20. 55
19. 08
19.37
19.48
20.13
Textiles and their products
do
22.46
20.28
20.43
20.63
21.38
'
21.80
'
21.
66
17. 93
18.61
18. 89
19.33
20.09
Fabrics
do
' 22. 21
21.83
' 21. 32
20.48
20.90
22.18
22.68
20. 68
20. 35
19.91
20.22
18. 70
Wearing apparel
do
20. 67
19.37
20.00
20.36
20. 45
19.48
17.99
19.45
17. 54
16.88
18.82
Tobacco manufactures
do
17. 76
Factory average hourly earnings:
.853
.800
.828
.845
.808
.759
. 764
.818
.822
.709
.784
.799
Natl. Ind. Con. Bd. (25 industries)
do
. 7S7
.689
.692
.738
.744
.745
.758
.770
.781
.708
.726
U. S. Dept. of Labor (90 industries)
do
. 697
.830
.853
.865
.822
.843
.871
.758
.762
.826
.785
.806
Durable goods
do
Iron and steel and their products, not
.877
.886
.871
.875
. 894
.863
.791
.841
.862
.858
including machinery
dollars -.
Blast furnaces, steel works, and rolling
.969
.977
.971
.
983
.964
.968
.954
.965
.873
.967
mills
.dollars..744
.749
. 754
.737
.736
.689
.690
.710
.693
.707
Hardware
do
Structural and ornamental metal work
. 854
. 852
. 839
.837
.846
.836
.743
.782
.826
.750
.756
.825
dollars.
. 7015
'.708
.707
.639
.660
.669
.683
.638
.639
.642
.652
.664
Tin cans and other tinwaret
do
. 602
.529
. 534
.570
.577
.588
.590
.598
.602
.541
.547
.556
Lumber and allied products.
.do
.612
.552
.560
.597
.608
.626
.
640
.617
.601
.
565
.570
.584
Furniture. do.
.510
.572
.578
. 573
. 572
.517
.552
.573
.560
. 523
. 530
.537
Lumber, sawmills
do.
.772
. 879
.832
.844
.850
.861
868
.836
.789
.778
.818
Maehinery, excl. transp. equip
do
Agricultural implements (including
.919
.920
.923
.821
.886
.890
.907
.818
.872
.886
tractors) t
dollars. Electrical machinery, apparatus, and
. 864
.842
.855
.773
.851
.860
.776
.782
.780
. 850
.829
supplies}:
dollars-.
Engines, turbines, water wheels, and
'
J.
072
1. or>;{
1.005
'
1
.
0
1
9
.967
.857
.878
.887
.977
.996
.936
windmillst
dollars. Foundry and machine-shop products
. S.W
.849
.757
.762
.829
.843
.769
.819
.826
.780
.803
.818
dollars..
. 90S
.797
.801
.799
.806
.822
.831
.841
.850
.871
.876
.886
Machine tools*
do
.722
.643
.644
.701
'
.
7
0
4
.632
.640
.664
.697
.693
.687
.661
Radios and phonographs
do
.848
.740
.740
.748
.749
.821
.822
.831
.803
.794
.808
.770
Metals, nonferrous, and products.. do
Brass, bronze, and copper products
.822
' . 894
.9J 8
.811
.816
.834
.876
.887
.890
.887
.861
dollars..
' Revised.
{Because of changes in the composition of the reporting sample (usually an enlargement of sample) data for the indicated series for a recent period are not strictly comparable with earlier data; for the month when the change occurred and the issue of the Survey in which the revised data were first published, see note marked " i " on p. 29
of the July 1941 Survey and p. S-ll of the August 1941 issue.
•New series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.
fRevised series. Indexes revised beginning 1929; see table 19, p. 17 of the April 1940 Survey.
S-12
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Janu1940 Supplement to the Survey
ary
March
1941
January
February
March
April
May
July
June
August
September
{DecemOctober November I ber
EMPLOYMENT CONDITIONS AND WAGES--Continued
WAGES—Continued
Factory average hourly earnings—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
Stone, clay, and glass productS-.-dollars.Brick, tile, and terra cottaj
do
Glass _
..
do . . .
Transportation equipment
do
Aircraft*.
.
...
do
Automobiles
do
Shipbuilding*!
do
Nondurable goods
do
Chemical, petroleum, and coal products
dollars
Chemicals^
do
Paints and varnishes
do
Petroleum refining
.
do
Bayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing. _do
Leather and its manufactures!
do
Boots and shoes! _„
do
Paper and printing
do
Paper and pulp
do
Rubber products __
do
Rubber tires and inner tubes
do
Textiles and their products
do
Fabrics
do
Wearing apparel!
do
Tobacco manufactures
do
Factory average weekly earnings, by States:
Delaware
1923-25-100..
Illinois!
._ _
. 1935-39=100
Massachusettsf
1925-27=100..
New Jersey.- . . . .
1923-?5«=100
New York
1925-27=100
Pennsylvania
1923-25—100..
Wisconsin!
1925-27=100
Miscellaneous wage data:
Construction wage rates (E. N. R.):J
Common labor. _ __
dol. per hour
Skilled labor
do
Farm wages without board (quarterly)
dol per month
Railway wages (avg., class I)..dol. per hour..
Road-building wages, common labor:
United States, average.
.do
East North Central .
do
East South Central..
do. .
Middle Atlantic
do
Mountain
do
New England
do _
Pacific
do
South Atlantic
do
West North Central
do .
West South Central
„ do
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programs!
mil. of dol.
Assistance to recipients:!
Special types of public assistance
do
Old-age assistance*
do _
General relief - do
Subsistence payments certified by the Farm
Security Administration
mil. of dol..
Earnings of persons employed under Federal
work programs:
Civilian Conservation Corps....mil. of dol_.
National Youth Administration:
Student work program
do
Out-of-school work program
do
Work Projects Administration
do
Other Federal agency projects financed
from emergency fundst
mil. of dol_.
Earnings on regular Federal construction
projects*
mil of dol
0.682
.687
.772
.911
.776
.969
.893
.620
0.685
.589
.774
.918
.784
.975
.900
.621
0.689
.594
.778
.920
.783
.982
.890
,624
0.695
.606
.770
.923
.788
.983
.907
.629
0.710
.639
.769
.945
.794
1.014
.929
.641
0.717
.642
.780
.976
.797
1.063
.954
.650
0.721
.645
.782
.988
.812
1.066
1.013
. G57
0.721
648
.782
. 988
.845
1. 055
1. 039
.658
0.736
653
812
1.003
.845
1.079
1.043
.668
0.744
.655
.836
1.019
'.870
1.091
1.059
.680
0.749
657
r
844
1.042
-.902
1.116
' 1. 070
.688
0. 753
667
.841
1.035
.916
1.107
1.060
.695
.770
.822
.741
.970
.699
.649
.644
.681
.555
.530
.802
.662
.788
.975
.512
.492
.557
.498
.770
.826
.746
.970
.702
.651
.644
.685
.564
.540
.803
.661
.792
.981
.514
.492
.561
.495
.766
.829
.749
.967
.700
.655
.641
.685
.572
.549
.807
.664
.799
.994
.517
494
.561
.497
.773
.839
.755
.995
.706
.655
.647
.694
.579
.555
.805
.666
.804
.995
.524
.509
.553
.506
.806
.863
.770
1.008
.712
.670
.659
.731
. 590
.567
.811
.676
.816
1.008
.530
.520
.550
.509
.824
.866
.780
1.020
.722
.672
.665
.738
.599
.573
.826
.716
.836
1.037
.534
.522
.559
.517
.838
.886
.781
1.030
.729
.662
.674
.737
.609
.584
. 825
.727
.845
1.048
. 550
. 534
.582
.523
.837
.885
784
1 0?5
.728
. 658
672
. 706
.615
.590
824
.845
.897
789
1 083
.746
.657
.674
.780
.630
.601
830
.728
.859
1.046
.569
.551
.602
.525
'.861
.925
. 808
1. 097
.773
.679
.675
.787
' . 635
r
.6O5
' .834
' . 732
.865
1. 060
.581
. 560
'.611
.527
'.875
.935
818
1 111
.775
.695
.688
.793
'. 644
r
. 614
r
841
r
. 738
T
. 876
' 1. 075
.579
567
r
. 604
.532
.881
.941
824
1.109
.797
.703
. 695
.783
.649
.618
.855
.747
.880
1.072
. 583
571
.609
.530
144.3
140.3
98.1
115.6
103.0
133.8
104.5
117.5
' 117.5
107.9
117.5
100.9
136.1
106. 0
121.4
121.1
106.2
119.2
108 7
138.5
108.2
124.3
123.3
107.2
121.0
109. 6
137.5
109.4
127.7
122.6
112.1
125.1
114.7
146.6
113.3
132.7
127.2
116. 2
128.9
117.3
' 149. 5
115.8
135. 8
131.1
114.5
125. 4
1 IS. 3
' 151.0
116. 1
132. 1
126.3
114.7
127.7
118.0
' 151.9
119.2
136.3
131.4
113.6
129.2
121.9
156.8
120.7
134.4
130.2
118.7
132. 3
120.5
157. 1
119.4
139.4
136.7
121.7
130. 3
119.4
157.4
119. 4
138.6
134.8
128.3
135. f>
1 25. 4
' 163.9
124. 1
r
143.0
136.6
. 770
1.53
.711
1.47
.713
1.47
.716
1.47
.725
1.48
.741
1.49
.747
1.49
. 753
1. 50
.753
1.50
.761
1.52
.761
1.52
.768
1 52
'. 769
1. T)2
47 77
36.61
.741
.758
.742
40.44
.732
.730
.733
44 95
.727
.727
.733
45 47
. 727
'.745
.836
.43
.68
.35
.59
.51
.55
.70
.34
.47
.38
.43
.67
.33
.59
.53
.59
.72
.34
.48
.38
.43
.65
.34
.58
.52
.58
.70
.34
.47
.39
.45
.64
.34
.61
.54
.57
.72
.36
.45
.40
.48
.62
.34
.56
.57
.53
.73
.36
.49
.40
.49
.64
.36
.56
.60
.52
.73
.35
.51
.39
.50
.66
.35
.55
.60
.55
.73
.36
.51
.39
.50
.67
.36
.57
.59
.55
.76
.36
.50
.40
.49
.65
.37
.57
.62
.55
.79
.36
.50
.42
.49
.65
.37
.59
.63
.54
.80
.36
.52
.41
.49
.66
.38
.57
.60
.55
.79
.37
.53
.41
.49
.67
.37
.59
.61
.59
.81
.35
.50
.41
222
215
216
209
199
188
167
161
159
161
160
170
57
43
31
58
43
29
58
43
29
59
44
26
59
44
23
60
46
21
60
45
20
60
46
20
61
46
19
'62
47
19
62
47
18
63
48
19
2
2
2
2
1
2
1
1
17
18
16
15
15
13
8
3
8
104
3
9
94
3
9
97
3
8
94
3
8
88
3
8
81
2
2
1
1
1
103
114
111
116
106
131.5
137.3
130.3
168.2
.45
.65
.36
.63
.63
.57
.85
.35
.55
.40
(•)
.861
1. 062
.554
533
596
.520
12
11
C)
C)
(a)
(«)
(°)
r
11
10
10
2
7
62
60
(°)
67
8
61
60
1
1
1
1
110
119
130
137
157
v 69
(u)
(a)
' 167
167
FINANCE
BANKING
Acceptances and com'l paper outstanding:
J97
215
177
194
212
194
217
220
210
185
197
213
213
Bankers' acceptances, total
mil. of doL.
114
161
131
164
164
138
170
161
146
Held by accepting banks, total
do
168
170
148
154
106
93
85
90
107
105
105
101
100
99
103
103
0'J
Own bills . .
do
46
51
47
66
55
47
65
60
52
65
63
59
Bills bought. - . .
. do
M
50
46
49
47
50
51
48
47
49
52
43
45
Held by others •
..do
49
378
354
371
387
241
275
295
299
330
263
232
381
Commercial paper outstanding
...do
375
r
Revised.
• Less than $500,000.
•None held by Federal Reserve banks.
» Preliminary.
^Construction wage rates as of February 1, 1942: common labor, $0,780; skilled labor $1.54.
§Figures for special types of public assistance and general relief exclude the cost of hospitalization and burial. The cost of medical care is also excluded beginning September 1940; this item is included in all earlier data on general relief and infiguresfor July 1937-August 1940 on special types of assistance.
fRevised series. Indexes for Illinois revised to a 1935-39 base; for factors for converting indexes on a 1925-27 base beginning 1935, see p. 29 of the January 1941 Survey.
Revised indexes for Wisconsin beginning 1925 will be shown in an early issue. Total public assistance and "other Federal agency projects financed from emergency funds"
revised to exclude earnings on regular Federal construction projects and also on projects financed from Reconstruction Finance Corporation funds; revised data beginning
January 1933 will appear in a subsequent issue. Index for Massachusetts revised beginning 1935; earlier data will be published in a later issue.
*New series. Earlier data for aircraft and shipbuilding not shown on p. 29 of the March 1941 Survey are available upon request. For data beginning 1933 for old-age
assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Federal construction projects beginning January 1933 will appear in a later issue.
{Because of changes in the composition of the reporting sample (usually an enlargement of sample) data for the indicated series for a recent period are not strictly comparable with earlier data; for the month when the change in the sample occurred and the issue of the Survey in which the revised data were first published, see note marked
with " $ " on p. 29 of the July 1941 Survey and p. S-12 of the August 1941 issue.
March 1942
S-13
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
1941
January
February
March
April
May
June
July
Decem
August SeptemOctober November
ber
ber
FINANCE—Continued
BANKING-Continued
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.:
2,975
2,964
2,873
2,982
2,986
2,891
Total, excl. joint-stock land bks.t-mil. of dol.
2,970
2,976
2,988
2,954
2,924
2,906
2,988
2,426
2,343
2,489
2,437
2,411
Farm mortgage loans, total
do
2,485
2,475
2,467
2,458
2,395
2,380
2,361
2,448
1,804
1,753
1,844
Federal land banks
do
1,842
1,836
1,824
1,795
1,786
1,830
1,811
1,818
1,776
1,764
622
590
645
634
616
610
Land Bank Commissioner
do
643
640
637
626
604
630
597
130
92
111
119
91
85
Loans to cooperatives, total
do
90
128
90
133
Banks for cooperatives, incl. central
111
83
75
74
74
94
101
109
70
bank
mil. of dol._
74
113
16
16
16
16
16
16
16
16
17
Agr. Mktg. Act revolving fund
do
16
16
17
16
400
382
450
393
431
410
397
Short term credit, total!
do
413
431
453
398
440
450
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
225
186
192
229
219
212
203
217
227
220
22(1
225
225
cooperatives <?
mil. of doL.
35
45
39
40
36
37
39
40
44
38
42
39
43
Other financing institutions
do
174
194
182
221
195
207
215
224
187
191
221
188
208
Production credit associations
do
6
7
6
7
6
6
7
7
6
5
7
7
Regional agr. credit corporations do
6
117
128
119
121
129
130
129
118
125
118
125
Emergency crop loansf
do
130
117
50
49
50
49
50
50
50
48
50
48
49
Drought relief loans
do
50
48
47
39
46
36
44
44
41
35
45
32
38
Joint-stock land banks, in liquidation.-do
43
33
37,645
32,726 40,988
46,463
38, 731 39,919 42,135 40, 948
39,112
41,152
Bank debits, total (141 cities)
do____ 44, 261
39, 964
51,717
15,147
13,268 17,402
19,148
15,657 16,124 17, 282 16, 288
15,079
16, 077
17, 247
New York City
do
15,654
20, 598
22,498
19,457 23,586
27, 315
23,074 23,795 24,853 24,660
24,033
25, 075
Outside New York City
d o — 27,014
24,310
31,118
Federal Reserve banks, condition, end of mo.:
23,306 23, 528 23,409
24,211
23,859 23, 704 23, 828
23,686
24,192
24. 353
Assets, total
mil. of dol~ 24, 288
23,833
24, 026
2,369
2,250
2,265
2,309
2,243
2,280
2,234
2,312
Res. bank credit outstanding, total
do
2,267
2,275
2,264
2,293
2,361
0
0
0
0
0
0
0
0
Bills bought
do
0
0
0
()
0
4
2
3
4
6
3
2
Bills discounted
do
6
2
11
11
3
5
2. 243
2,184
2,184
2,184
2,184
2,184
2,184
United States securities
do
2,184
2,184
2,184
2,184
2,184
2, 254
20, 902
20,285 20,366 20,436 20, 533 20,615 20, 583 20, 603 20, 571 20, 712 20,841
Reserves, total
do
20, 822
20, 764
20, 533
19,913 20,031 20,112 20,204 20,325 20, 322 20, 317 20, 314 20,461
Gold certificates
do
20, 572
20, 569
20, 504
23,528 23,409 23,686 23,859 23,704 23,828
23,306
24, 211
23, 833 24, 026
24 192
Liabilities, total
do.— 24, 288
24, 353
14,715
16,351 16,272 16,220
16,396
16,132 15,863 15, 781 15, 521 15, 489
15, 466
Deposits, total
do
15) 213
14,678
12,927
13,930 14,203
13,371
13,524 13, 724 13,051 13,151
12,794
12, 580
Member bank reserve balances
do
13,140
12, 450
13, 227
3, 347
6,534
6,380
5,776
5,771
5,801
5,210
4,796
4,557
Excess reserves (estimated)
do
5,215
3,828
3, 085
5,169
8,303
6,022
5,884
6,143
6,282
6,503
6,724
7,080
7,432
Federal Reserve notes in circulation._ do
6,857
7, 669
8,192
7,234
90.8
91.0
91.2
91.3
91.0
91.1
91.0
91.0
91.0
Reserve ratio
percent..
91.2
91.0
91.1
90.8
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
22,932 23,431
23,093 23, 712 24,311 23,949 24, 544
24, 258
Demand, adjusted
mil. ofdol.. 24, 747
24, 324
24, 277
23, 650
24, 349
Demand, except interbank:
Individuals, partnerships, and corpora22,812
22,518 23,173 23,612 23,667 24,029
tions
mil. of doL. 24, 206 22,401
23, 662
23,814
23, 894
23,993
23,719
1,820
1,579
1,820
1,747
States and political subdivisions. __do
1,903
1,870
1,889
1,780
1,721
1,604
1,876
1,906
1,750
1,451
214
332
396
United States Government
do
386
390
653
826
463
580
1, 475
591
470
5,259
5,448
5,478
5,465
Time, except interbank, total
do
5,476
5,449
5,459
5, 410
5,443
5,448
5, 368
5,445
5,444
Individuals, partnerships, and corpora5,058
5,269
5,269
tions
mil. of doL.
5,240
5, 285
5, 232
5,240
5,273
5,243
5,172
5,268
5,267
5,260
181
181
States and political subdivisions
do
171
183
153
155
174
160
173
185
179
158
156
9, 088
9,076
9,253
9,343
9,043
Interbank, domestic
do
9,220
9,357
9,669
<?, 405
9,272
9, 040
9,078
9,355
19, 087 16,368
17,124
Investments, total
do
16, 955
17,680
17,689
18, 379
18.432
17,872 18,199
18,101
18,715
18,335
12, 689
10,578 10,812 10,974 11, 255 11,279
11,318
U. S. Govt. direct obligations, total..do
11,860
9,950
10, 334
10, 982
12,085
11,251
1,240
685
727
742
869
929
Bills
do_ —
797
1,080
990
883
785
1,074
1,019
9,087
7,051
7,052
7,653
7,753
7,833
Bonds
do
8,277
7,929
8,342
8, 667
7,917
7,952
7,949
2,362
2,214
2,555
2,183
2,212
Notes
do
2,190
2,244
2,246
2, 528
2, 535
2,280
2,283
2,253
Obligations guaranteed by U. S. Govern2,709
2,744
2,766
3,022
2,753
3,115
3,330
ment
mil. of doL.
2,922
3,038
3,319
% 964
3,316
3,309
3, 689
3,674
3,855
3,793
3,753
3,693
Other securities
do
3,731
3, 650
3,579
3,800
3, 666
3,611
3,768
11,255
9,308
9,495
9,828
9,870 10,226 10,453
Loans, total
do
11,203
11,259
11, 024
11,370
10, 572
10,903
6,778
5,076
5,227
5,465
5,532
Commerc'l, indust'l, and agricult'L-.do
5,673
6,554
6,593
5,897
6,447
6, 728
6,047
6,222
424
314
319
347
354
Open market paper
do
367
419
371
397
428
423
388
397
448
504
458
478
465
To brokers and dealers in securities. _ do
571
531
494
548
529
537
607
478
Other loans for purchasing or carrying
409
459
454
455
445
451
securities
mil. of doL.
431
427
453
428
422
436
439
1,248
1,229
1,232
1,228
1,235
1,239
Real estate loans
do
1,265
1,257
1,256
1,244
1, 2f)8
1,256
1,253
37
35
52
40
42
36
Loans to banks
do
37
40
39
38
35
43
45
1,911
1,737
1,778
1,748
1,799
1,883
Other loans
do
1,966
1,919
1,962
1,96k
1,967
1,924
1,940
Installment loans to consumers:*
By credit unions:
17.9
25.2
26.4
31.8
34.3
35.3
25.2
24.0
23.0
32.7
30.8
25. 0
Loans made
_
do
29.6
29.9
26.4
26.4
24.4
26.5
28.3
26.8
28.0
25.9
26.2
27.1
28.1
Repayments
do
27.0
195.4
199.4
188.0
203.2
190.0
210.2
216.1
217.7
220.5
214.5
219.8
211.4
Amount outstanding, end of month..do
222.4
By industrial banking companies:
39.8
42.4
44.7
50.7
51.6
52.5
43.0
38.4
51.8
40.8
49.5
44.9
Loans made
do
46.1
44.1
46.9
42.4
47.5
46.6
47.5
47.0
42.4
45.1
44.1
46.7
47.6
Repayments
do
46.1
290.5
291.5
296.5
301.5
288.3
306.3
300.3
305.1
303.0
288.3
309.1
297.6
Amount outstanding, end of month..do
309.1
By personal finance companies:
66.0
68.2
84.9
88.9
67.0
85.3
76.3
87.0
68.5
81.6
103. 6
85.0
Loans made
.do
86.2
72.3
70.1
69.0
80.3
81.0
80.0
79.3
79.3
74.5
80.9
93.4
80.9
Repayments
do
81.3
531.6
503.5
501.5
506.1
519.3
514.0
527.0
527.0
530.0
527.7
531.1
537. 9
Amount outstanding, end of month..do
536.0
Money and interest rates:§
Bank rates to customers:
2.06
1.95
1.98
1.88
New York City
percent.,
2.53
2.58
2.62
2.46
7 other northern and eastern cities
do
3.25
3.23
3.29
2.99
11 southern and western cities
do
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
Discount rate (N. Y. F. R. Bank)
do
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
Federal land bank loans
do
4.00
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
Federal intermediate credit bank loans-do
1.50
Open market rates, N. Y. 0.:
Prevailing rate:
Acceptances, prime, bankers, 90 days
Me
Me
percent..
He
Me
Me
Me
Me
Me
Me
Me
tt-tt
Com'l paper, prime, 4-6 months
do
-%
/
y2
Time loans, 90 days (N. Y. S. E.)..do—.
VA
m
VA
VA
VA
VA
* Preliminary.
r Revised.
cf To avoid duplication these loans are excluded from the totals.
§For bond yields see p. S-18.
•New series. For data beginning 1929 for industrial banking companies, see p. 18 of the September 1940 Survey; for data beginning 1929 for personal finance companies, see
table 25, p. 26 of the September 1941 Survey; data beginning 1929 for credit unions are shown in table 27, p. 26 of the October 1941 issue.
fRevised series. For revisions in data on emergency crop loans published in the Survey prior to the September 1940 issue, see note marked " t " on p 76 of the February
1941 Survey.
m
S-14
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
March 1942
1941
January
February
March
April
May
August SeptemOctober I
ber
July
June
ber
ber
FINANCE—Continued
BANKING—Continued
Money and interest rates—Continued.
Open market rates, N. Y. C—Continued.
Average rate:
Call loans, renewal (N. Y. S. E.)
percent..
U. S. Treasury bills, 3-mo.*
do___.
Av. yield, U. S. Treas. notes, 3-5 yrs.d1--do
Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. of doL.
U. S. Postal Savings:
Balance to credit of depositors.
.-do
Balance on deposit in banks
do
COMMERCIAL FAILURES!
Grand total
number...
Commercial service, total
do
Construction, total
do
Manufacturing and mining, total
do
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products
do
Food and kindred products
do
Iron and steel products
do
Leather and leather products
do
Lumber and products
do
Machinery,.
do
Paper, printing, and publishing
do
Stone, clay, and glass products
do
Textile-mill products and apparel
do
Transportation equipment
do
Miscellaneous
do
Retail trade, total
do
Wholesale trade, total
do
Liabilities, grand total
thous. of doL.
Commercial service, total
do
Construction, total
do
Manufacturing and mining, total
do.~.
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products
do__.
Food and kindred products
do
Iron and steel and products
do
Leather and leather products
do___
Lumber and products
do_._
Machinery
do
Paper, printing, and publishing
do_._
Stone, clay, and glass products
do...
Textile-mill products and apparel
do....
Transportation equipment
do-__
Miscellaneous
do-._
Retail trade, total
do..Wholesale trade, total
do.__
.43
1.00
.034
.55
1.00
.089
.50
5,433
5,664
5,652
5,661
1,309
24
1,314
34
1,318
33
1. 320
31
962
53
65
159
4
6
39
5
5
11
3
13
1
44
3
1,124
43
54
1,129
66
58
182
7
1,211
58
60
188
12
10
39
5
5
22
6
18
4
35
1
31
800
105
13,444
855
7G5
3, 647
394
78
1,051
215
56
282
85
523
1.00
.214
.47
004
81
9,916
589
851
3,550
184
200
1,378
173
99
176
51
70
4
615
100
500
3,641
1,285
1.00
0)
161
7
7
27
6
6
15
5
16
4
44
1
23
771
95
11,888
359
599
4,217
197
88
894
555
214
293
25
5
1.00
.082
.44
1.00
.089
.38
1.00
.097
5, 627
5, 604
1,317
30
1,310
30
1,149
35
70
191
8
8
44
7
4
18
13
14
6
36
3
30
745
108
13,827
573
1,120
4,421
202
103
1,493
257
20
451
271
240
2.50
434
1,119
40
63
181
6
4
26
3
10
22
5
14
6
52
3
20
735
100
10, 003
G47
913
1.00 I
.092 I
.52
.37
1.00
.108
.33
1.00
.055
.34
1.00
.049
.41
1.00
.242
.57
1.00
.298
.64
5, 628
5,575
5,555
5,555
5, 554
5,541
5, 549
1,304
30
1,307
29
1,309
28
1.311
28
1,317
1,324
27
1,314
'26
970
36
51
166
4
8
25
5
6
22
908
40
59
165
9
4
36
6
5
18
6
19
1
34
2
25
570
74
13, 422
500
1,072
6,698
429
55
954
46
76
166
3
5
46
8
12
10
735
46
39
123
5
809
29
57
138
3
8
39
4
5
18
8
13
3
23
2
12
516
69
7,333
358
27
842
38
51
167
4
15
39
1
5
19
427
3, 239
924
333
229
142
28
238
269
149
2,790
729
9,197
448
618
3,827
328
226
763
84
63
366
203
562
83
528
56
565
3,472
832
898
62
63
146
4
11
25
4
6
12
5
14
3
42
1
19
540
87
13, 469
863
1,161
5, 651
577
254
547
553
159
238
780
206
81
877
2
1,377
4, 323
1,471
26, 245
4,882
678
4,204
1, 575
2,293
26, 376
4,924
677
4,247
1,558
2,281
26, 508
4,959
675
4,284
1,541
2,271
26, 662
5,012
675
4, 337
1,488
2, 255
16, 368
7,439
5,603
4,238
2,755
1, 936
828
541
10, 041
7, 743
5, 908
4, 255
2, 682
1,961
081
581
7
42
7
3
11
163
820
7
433
5,084
1,629
24
15
13
2
42
5
30
719
104
13,483
552
836
5,983
294
172
1, 052
354
127
765
503
185
24
600
019
1,288
4,501
1,611
25, 299
4,710
658
4.052
1, 653
2,383
25,400
4.727
665
4, 062
1, 643
2,371
25, 551
4,744
663
4,081
1,632
2,358
25, 655
4, 759
666
4,093
1, 618
2,347
25, 752
4, 778
669
4,109
1,607
2, 335
25, 888
4,796
673
4,123
1, 605
2,325
26,002
4,820
4,146
1,593
2,312
26,106
4,851
721
4,130
1,585
2,302
15, 032
6,883
5,045
3,775
2,702
1,672
1,006
515
14, 971
6,744
4,910
3,794
2,717
1,716
1,166
522
15,116
6,778
4,943
3,879
2,719
1,740
1,144
557
15,185
6,792
4, 961
3,931
2,717
1, 745
1,192
554
15,243
6,788
4,962
3, 965
2,720
1,770
1,201
15,418
6,914
5,082
3,972
2,711
1,821
1,202
542
15, 582
6,987
5,157
4,043
2,737
1,815
1,171
524
15,718
7,047
5,191
4, 068
2,748
1,855
1,120
530
15,814
7,092
5,233
4,108
2,747
1,867
1,139
542
16, 265
7,391
5,546
4,224
2,763
1,887
815
533
'726
816
43
514
259
646,196
41, 992
148, 978
455, 226
280, 753
13,561
62, 514
178,184
784
24
502
259
661, 627
51,098
147, 462
463, 069
261,495
21,414
12, 965
61, 977
165,139
'809
'34
516
259
657, 027
46, 765
151,391
458.871
265,108
25,S89
14,142
56, 964
168,613
'736
'729
'32
'49
459
438
246
243
648,144 660,125
62, 977
82, 909
135, 633 128, 783
449, 534 448, 433
272, 173 271,482
29, 859
33, 693
12, 519
13, 782
61, 120
52, 341
108, 675 171, 668
'729
'42
450
237
645, 046
71, 689
131,329
442, 028
245,173
20. 732
13,149
56,423
154,869
738
62
431
245
699, 549
130,229
128,493
440, 827
251, 887
21, 478
13,828
60, 842
155, 739
820
42
499
279
730, 327
74, 794
148,388
507,145
261, 865
22, 840
14, 637
55, 685
168, 703
598,217
46, 533
160,635
13S, 612
54,634
59, 030
25,156
47, 986
14, 517
51,114
597, 203
47, 503
161,810
136,931
56, 020
60, 599
24, 583
43, 591
15,854
50, 312
604,162
49,078
161, 514
140, 480
57, 076
594, 164
47, 099
154, 975
134, 008
55, 069
63,413
26. 792
45, 385
15. 355
52, 068
87
581,171
44,850
147,610
131,895
55,746
61,535
24,233
44,993
15, 624
54,685
581,998
45, 204
148, 781
131,367
55, 457
61.115
26, 556
43,619
15,337
54, 562
658, 339 581, 692
46, 258
51,195
181,013 158,819
152,179 135, 360
52, 792
59, 526
57, 874
66,130
23, 383
24, 845
40, 553
45, 507
13,910
16, 507
52, 743
61, 437
29
524
359
119
460
6,128
2,049
7
645
3,970
3,743
'lO4
19
807
93
110
215
119
168
95
712
175
160
4, 765
963
19
4
48
3
15
619
98
9,449
401
684
3,155
157
82
451
88
188
201
113
251
16
1,030
328
250
3,591
1,618
731
126
72
597
346
584
272
562
36
2,888
3,579
1,573
7
18
3
31
2
21
585
81
11,134
672
1,732
3,799
56
61
1,503
280
314
165
95
712
55
357
45
156
3,492
1,439
7
4
3
17
2
15
460
67
9, 393
447
594
4,189
99
185
2, 262
66
37
342
477
103
17
167
7
577
2,879
146
73
1,027
128
117
7
15
3
33
2
24
529
57
LIFE INSURANCE
Association of Life Insurance Presidents:
Assets, admitted, totalt
mil. of d o L .
Mortgage loans, total
do_
Farm
_-do.
Other
do.
Real-estate holdings
do_
Policy loans and premium notes
do
Bonds and stocks held (book value), total
mil. of dohQov't. (domestic and foreign),total-do.
U. S. Government
„
do.
Public utility
do.
Railroad
,
do.
Other
do.
Cash
do.
Other admitted assets
do_
Tnsurance w r i t t e n : ®
Policies and certificates, total number
thousands..
Group
do.
Industrial
do.
Ordinary
do
Value, total
thous. of doLGroup
do.
Industrial
do.
Ordinary
do.
Premium collections, total®
do.
Annuities
.
do.
Group
do.
Industrial
do.
Ordinary
do.
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
do.
New England
do.
Middle Atlantic
.
do.
East N o r t h Central
do.
West North Central
do
South Atlantic
do
East South Central
do___
West South Central
_.do-__
Mountain
_do
Pacific
do...
Lapserates-_
1925-26=100.
770
33
404
334
955, 353
49, 076
119,820
786, 457
295,827
38, 921
17, 842
61, 281
177, 783
'29
439
219
572,443
35, 063
126, 458
410,922
285, 226
39, 681
15, 336
60,863
169, 346
1,001,653
83, 056
309, 292
220, 739
87, 332
91, 272
38, 273
67, 602
21,694
82, 393
522, 762
43, 440
151,318
121,164
46, 963
49, 473
19,207
35,973
12,348
42,876
'30
464
231
588,359
43, 240
136,166
408, 953
264,175
23, 640
15, 932
56, 279
168, 324
537, 557
46, 549
148,981
126,136
49, 509
50,
20,
39,
12,
43,
217
201
829
481
654
26.494
61,160
24,524
41, 650
15, 692
52, 988
674
582, 292
47, 531
153, 032
132, 766
56,182
57, 946
23, 347
43,173
15,110
53, 205
759
1,193
38
240
470
598
251
349
681, 479 1,141,316
89, 360 298,817
141, 349 186,190
450, 770 656, 309
247, 966 414,137
23, 670
90,148
24, 757
11,949
84, 397
53,168
159,179 214, 835
879,492
66, 292
251, 633
196, 569
79,864
9C, 218
34,154
64,976
20, 480
75, 306
87
cf Tax-exempt notes.
i Rate negative.
'Revised
J36 companies having 82 percent of total assets of all United States legal reserve companies.
<g)39 companies having 81 percent of total life insurance outstanding in all United States legal reserve companies.
tRevised series. For data beginning January 1940 and an explanation of the revision, see p. 32 of the March 1941 Survey. For previous revision of 1939 date, see p. 31 of
the March 1940 Survey.
*New series representing rate on new issues offered within the month; tax-exempt bills prior to March 1941, taxible bills thereafter. The series based on dealers' quotations shown formerly has been discontinued since the amount of bills of the stated maturity outstanding has been small and rates were nominal.
March 1942
S-15
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
1941
January
February
March
April
May
June
July
August
September
October
Novem- December
ber
FIN AN CE—Continued
MONETARY STATISTICS
Foreign exchange rates:©
0.298
0.298
0.298
Argentina
.dol. per paper peso..
0.298
0.298
0.298
0.298
.061
.061
.061
.061
.061
.061
.061
Brazil, official
_.dol. permilreis..
.301
.301
.301
.301
.301
.301
.301
British India__
._.
dol. per rupee..
.850
.877
.848
.837
.874
.882
Canada
dol. per Canadian doL.
.878
2
.052
.052
.052
.052
1.052
(
)
Chile
dol. per peso..
)
.570
.570
.£71
.570
.570
.570
.570
Colombia..
do
.400
.400
.400
.400
.400
3.400
Germany..
dol. per reichsmark_.
.050
.050
.050
.050
.051
3.053
Italy
dol. per lira..
.234
.234
.234
.234
.234
.234
Japan
dol. per yen..
()
.205
.205
.205
.205
.205
.205
Mexico
dol. per peso..
.206
2
.238
.238
.238
.238
.238
3.238
Sweden
dol. per krona...
()
4.025
4.035
4.032
4.034
4.032
4.031
United Kingdom
dol. per £_.
4.030
Gold:
22,367
22,506
22,116
Monetary stock, U. S
mil. of doL. 22,747
22,232
22,575
22,624
Movement, foreign:
213 -10,494 -3,846
Net release from earmark®. _thous. of doL. -38, 506 -52,812 -46,153
3
2
4
Exports
do
5
6
7
234,246 108,615 118, 569 171,994
Imports
do
34,835
30,719
Production, estimated world total, outside
106,015 100,450 106,365 105, 525 105,140 105,875
U. S. S. R
thous. of dol..
pill, 265
' 90,890 ' 84,490 ' 89,944 ' 88,966 ' 88, 525 v 89,308
Reported monthly, totals
do
P 94,690
47,089
47, 279
Africa
do
46,292
44,411
47,686 v46,154
v 48,024
15,199
15,629
Canada
do
15,384
15,890
16,141
14,446
15,721
' 16, 572 '15,334 p 15,949 ' 16, 340 ' 15,948 r 16, 395
United States
do....
' 18, 781
Receipts at mint, domestic (unrefined)
fine ounces^. 235, 571 296,624 233,065 275,091 292,251 254,137 255, 262
8,924
9,071
8,593
9,357
Currency in circulation, total
mil. of doL. 11,175
8,781
9,612
Silver:
1,048
1,212
319
817
615
353
Exports
.
. . . . . . . . t h o u s . of dol_.
210
4,489
4,346
4,576
3,292
3,347
4,
Imports
do
4,099
.348
.348
.348
.348
.348
Price at New York
..dol. perfineoz.
. 351
.348
.348
22,774
24,329
22,394
Production, world.
thous, of fineoz..
23,208
20, 359 23.214 22,763
1,802
1,557
1,484
Canada§
.
do
1,357
1,902
2,058
1,852
6,339
7,152
8,750
Mexico
do
7,792
3,769
8,062
6,726
6,445
5,843
5,733
United States
do
4,844
6,009
6,465
5,047
6,310
5, 661
Stocks, refinery, end of month:
2,382
1,792
United States
do
4,382
1,340
1,619
1,231
1,036
2,181
2,324
2, 235
2, 739
1,947
2, 803
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (167 cos.H
280.8
mil. of dol..
255. 2
270.3
88.5
Autos, parts, and accessories (28 cos.).do
64.
81.5
34.5
Chemicals (13 cos.)
,
do
34.4
35.1
Food and beverages (19 cos.)
do
19.9
21.5
Machinery and machine manufacturing
10. \
(17 cos.)
mil. of dol..
13.4
12.5
6.4
Metals and mining (12 cos.)
do
5.9
5.5
13.3
Petroleum (13 cos.)..
do
19.9
15.9
66.1
Steel (11 cos.)
..do.
56.
49.7
42.2
Miscellaneous (54 cos.) X
do
40.4
48.6
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
mil. of dol..
61.3
53.6
39 J
Federal Communications Commission:
59.7
Telephones (net op. income) (91 cos.)__do-.-.
61.8
" 58. 6
Interstate Commerce Commission:
Railways, class I (net income)
do
103.2
188.4
Standard and Poor's Corporation (earnings):A
Combined index, unadjusted*
1926=100..
*>107.7
p 107.9
p 116.2
' 108. 3
Industrials (119 cos.)
do
113.5
111.8
v 121.1
v 106.3
Railroads (class 1) •
..do
40.9
59.9
112.6
P83.0
Utilities (13 cos.)....
do....
*149.3
139. 6
p 109. 3
p 126. 2
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month...
mil. of dol— 60,012 45,890
47,176
46,117
47, 236
47, 737
48,979
49, 540
51,371 • 53,608 '55,066
57,938
50, 936
Public issues:
Interest bearing
.
do
40,901
40, 972
52,468 39,908
40,028
41, 342
42, 285
42,669
44,157 • 46,401 '47,755
50,469
43, 916
Noninterest bearing
do
593
554
557
481
574
548
544
561
504
550
557
556
Special issues to government agencies and
487
trust funds
mil. of dol—
5,683
5,534
7,063
5,834
5,707
6,324
6, 664
6,806
6,120
6,470
5,426
6,658
6,982
Obligations fully guaranteed by
U. S. Gov't.:
1
5,905
Total amount outstanding^ 1
mil. of dol_.
5,901
6,550
5, 673
6,930
6,359
6,930
6,928
6,316
5,901
6,929
6,314
By agencies:e?
Federal Farm Mortgage Corp
..do
1,269
1,269
1,269
937
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
Home Owners' Loan Corporationf-do
2,409
2,409
2,600
2,600
2,600
2,409
2,409
2,409
2,409
2,409
Reconstruction Finance Corp
do
2,600
1,492
2,409
1,741
2,409
1,097
1,097
1,741
2,101
2,101
1,741
2,101
1,802
Expenditures, totalf
.
thous. of dol_. 2,630,968
1,097 1,077,438 1,400,675 1,316,452 1,142,207 1,545,602 1,600,253 1,563,712
2,101 2,089,336 1,860,445
1,802
National defense*
do
2,1CO,754 1,117,844 584,040 748,345 763,061 836,881 811,995 959,880 1,124,095 1,882,011 1,527,001 1,436,699 2,557,103
Agricultural adjustment program*
do
106,251 568,693
22,025
87,106
60, 866
89,814
44, 232
57, 865
27, 295
26, 764 1,319,955
71,820 1,846,555
93,564 94,912 137, 740 159,068 147,843 145,432 134, 776 132,075 105, 707
Unemployment relief*
do
32,456 109, 414
95,347 112, 840
41, 540 145, 630
Transfers to trust accountt
do
9,565
28, 625
28,075
22,550
168,554
45, 010
11,580
14,311 108,493
9,750 114,805
31, 737 25,775
Interest on debt*
do
6,200
8,750
20,507 150, 211
73, 335
24,828
74. 604
11, 503 339,431
8,556
15,490
25,109
3,270
Debt retirements....
do
17,128
2,122
1,171
1, 539
2,654
6,710
1,335
34, 223 169, 359
2,740 232, 446
7,214 217, 299 229,148 242,100 108,181 210,681 268,029 250, 054
253, 851
7,951 268. 731 228,600
Allother*
do
15, 553
250,r 512
237, 599
226,154
4
Preliminary.
• Publication of data discontinued.
Revised.
i Average for May 1-20.
> No quotation.
3 Average for June 1-14.
Average for July 1-25.
©No quotation for Belgium, France, and the Netherlands since June 1940.
cf The total includes guaranteed debentures of certain agencies not shown separately.
® Or increase in earmarked gold (—).
• Number of companies varies slightly.
AFormerly Standard Statistics Co., Inc.
•New series. Earlier data on new items under Federal expenditures are shown in table 31, p. 23 of the November 1941 Survey.
tRevised series. Beginning July 1940 social security employment taxes are appropriated directly to the old-age and survivors insurance trust funds and do not appear
as transfers under expenditures, as formerly; earlier data on total expenditures and transfers to trust accounts have, therefore, been revised to exclude transfers to this fund
(net receipts on p. S-16 similarly exclude amounts transferred to this fund); for revised data beginning January 1937, see table 31, p. 23 of the November 1941 Survey. Data
for total obligations guaranteed by the United States and for the Home Owners' Loan Corporation have been revised beginning September 1939 to exclude matured debt,
funds for payment of which have been deposited with the Treasury; earlier data shown in the Survey similarly exclude matured debt.
JThe reduction of one company from the number shown in the 1940 Supplement was due to a merger during the second quarter of 1940.
§Data reported by the Canadian Government; see note marked "§" on p. 33 of the June 1941 Survey.
•[Beginning with April 1940, where direct reports from foreign countries are lacking, available reports of the American Bureau of Metal Statistics are used. When no current reports are available at the time of compilation, the last reported figure is carried forward. The comparability of the data has been affected by these substitutions. Data
for Belgian Congo and Sierra Leone, formerly included infiguresfor Africa and total reported monthly, are excluded beginning May 1940 and April 1941. respectively, as reports
are not available. During recent years, the reported ficures for Belgian Congo amounted to between l\4 and 2 percent of the total reported for Africa; production for Sierra
Leone is of minor importance. The total reported monthly has been revised to include exports of gold from Nicaragua, representing approximately 90 percent of the total
production of that country.
S-16
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
March 1942
1941
April
May
June
July-
August
September
October Novem- j Decem-
ber i
ber
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)-Con.
Receipts, total
thous. of dol.. 614,084 371, 605 673,690
577,647 339, 778 541,352
Receipts, net*
do
33, 257
31,630
35,187
Customs
do
555, 031 319,169 502, 046
Internal revenue, total
do
62, 759 104,408
133,469
Income taxest
do
46, 613 193,379
52, 576
Social security taxes
do
Taxes from:
1,910
1,881
Admissions to theaters, etc.®
do
1,025
1,271
Capital stock transfers, etc.®
do
Government corporations and credit agencies:
12, 645
12, 676
Assets, except interagency, totaL.mil. of doL.
8,639
8,614
Loans and preferred stock, total
do
Loans to financial institutions (incl. pre1,174
1,136
ferred stock)
mil. of doL.
518
523
Loans to railroads
do
2,395
2,424
Home and housing mortgage loans, do
Farm mortgage and other agricultural
3,212
3,208
loans
mil. of doL.
1,352
1, 309
All other
do
U. 8. obligations, direct and fully guaran863
850
teed
mil. of dol...
599
600
Business property..
do
1,206
1,190
Property held for sale
_do_...
1,392
1,367
All other assets
do
Liabilities, other than interagency, total
8,592
8,599
mil. of doL.
Bonds, notes, and debentures:
5,914
5,915
Guaranteed by the U. S
do
1,386
1,389
Other
do
1,292
1,294
Other liabilities, including reserves ..do
418
417
Privately owned interests
do
Proprietary interests of the U. S. Govern3,629
3,666
ment
mil. of doL.
Reconstruction Finance Corporation, loans outstanding, end of month:!
Grand totalt
thous. of dol._ 2,988.673 ,804,249 1,939,886
725,943 770, 730 768, 580
Section 5 as amended, total
do
Banks and trust companies, including
69,463 112,026 108, 771
receivers
thous. of dol.
2,897
4,262
3,998
Building and loan associations.....do...
795
1,790
1,906
Insurance companies
do
189,837 168, 044 169,027
Mortgage loan companies
do
461,792 481,961 481,977
Railroads, including receivers
do
1,158
2,795
2,753
All other under Section 5
do
Emerg. Rel. and Constr. Act, as amended:
Self-liquidating projects (including financ19, 443
19,486
ing repairs)
thous. of doL. 17,527
Financing of exports of agricultural sur0
47
47
pluses
thous. of dol..
Financing of agricultural commodities
431
443
443
and livestock
thous. of dol..
Loans to business enterprises (including
participations)
thons. of doK 148,591 119, 061 117,464
National defense under the Act of June 25,
93,912
71, 249
1940*
thous. of doL 853, 203
Total, Bank Conservation Act, as amended
thous. of dol. 421,132 649,195 468,853
83, 231
82, 897
72, 068
Drainage, levee, irrigation, etc
do
90, 936 388,378
749,777
Other loans and authorizationst
do
1,566,871
1,566,408
39, 950
1,513,017
1,207,513
34,131
602, 443
565, 418
49,197
362, 005
74,881
43, 053
541,159
393, 683
41,060
482,858
63, 271
165, 204
,277,092
,276,009
38, 217
,211,087
916,170
31,817
2,098
801
1,744
842
1,730
770
1,690
754
83,668
47,926
2 222
787
12,909
8,681
13, 282
8,796
13,108
8,800
13,277
8,804
1, 115
523
2,406
1,103
523
2,427
1,099
505
2,436
3,251
1,386
3,334
1,409
602
1,245
1,501
455, 556
412, 942
36, 743
399, 783
553,833 1,136,079
396, 510 1,134,914
34,511 36,114
500, 132 1,076,506
58, 674 779,917
37,197
172, 696
488, 758
445, 293
34,040
431, 294
68,308
48,910
730,198
563,949
29,967
682, 682
66,229
180,561
,214,417
,212,303
32, 926
,159,387
767, 098
41,376
927
2,107
691
2,312
1,044
13,853
8,756
13,882
8,826
14,076
8, 864
14,452
9.033
14,580
9, 001
14,660
9,167
1,115
505
2,445
1,101
497
2,413
1,076
497
2,413
1,075
497 i
2,427 !
1,074
484
2.413
1,072
483
2,401
1,114
498
2, 424
3,288
1,472
3,227
1,511
3,191
1,553
3,152
1,690
3.128 j
1,738 |
3,105
1, 957
3,112
1,933
3,134
1.996
897
608
1,297
1,685
905
623
1,392
1,389
925
636
1,497
1,415
1,567
1,930
947
967
664
1,625
1,800
671
1,710
1,862
1,015
689
1,805
1,911
1,021
698
1,879
1,980
999
714
1.891
1,889
653
2,246
9,377
9, 297
9,417
10,142
10,123
10, 231
10,306 |
9,690
9. 765
5,916
1,390
1,391
421
6,560
1,385
1,432
422
6,371
1,434
1,492
423
6,370
1,443
1,604
424
6,939
1,442
1,761
425
6,937
1,445
1,741
426
6, 937
1,434
1,859
427
6,938
1, 416
1,952
428
6, 324
1.393
J.974
430
6, 324
1,392
2. 049
431
3,792
3,484
3,388
3,436
3,286
3,333
3,418
3,718
4. 459
4. 464
1.982,357 •2,019,992 •2,0f8.763 •2,152.711 2,230,358 2,363,687 2,541,142 2,820,257 ',880,470
773,899 771,727 752, 300 751, 305 740, 224 737 864 738,058 725, 550 723,604
',938,413
734,171
92 938 89 787 88,088
3,370
3 918
3 574
1,532
1 628
1 551
177 864 180 517 182,787
460,813
461 567 460 953
1.469
2 308
1 482
105, 808
4, 368
1,742
172,452
486, 877
2, 652
102, 702
4,813
1,722
173,118
486, 938
2,435
99, 304
4,594
1,696
174,640
469, 658
2.408
96, 702
4,356
1,669
176, 579
469, 634
2.365
18,644
18,615
18, 550
18, 490
18 291
18 124
18,085 :
85, 310
3,266
1,389
186, 389
447,771
1.425
82,986
3,161
1,365
187.185
447,510
1, 398
79.887
3,161
830
186.483
462, 496
1.315
17, 737
17.671
17.578
47
0
0
434
4M
434
47
47
47
47
47
47
443
443
439
439
437
437
115,827
114,478
154, 305
151, 733
150,462
149 603 147,422 j 142, 618
145,654
152,385
785,226
784,396
429,898
74, 044
703. 940
426. 741
72,814
749.89G
47
436 j
137,171
188,244
239,194
306, 243
355 741 409 626 567,097 |694,087
463,248
83,161
389, 260
460, 313
75,859
390, 389
458, 471
74,497
391,090
455,198
78, 622
390, 766
451 429 435 828 433,238 i431, 335
74, 343
78 626 77 243 76,962
435 102 534 915 559,797 734, 106
CAPITAL FLOTATIONS
Security Registrations!
(Securities and Exchange Commission)
Total securities effective under the Securities
Act of 1933
.thous. ofdol.. 225,171
0
Substitute securities*
do
23,250
Registered for account of others
do
Registered for account of issuers, exclusive of
substitute securities
thous. of dol.. 201,921
35, 860
Not proposed for sale
-do
Proposed for sale:
Cost of flotation:
Compensation to underwriters, agents,
3. 391
etc
thous. of dol.
993
E xpenses
do
161,678
Net proceeds, total.
do
To be used for:
57,416
New money.-.
..do.
Purchase of:
3,016
Securities for investment
do
10,830
Securities for affiliation
do.
Other assets
do.
0
Repayment of funded debt
do
79,861
Repayment of other debt
do
297
Retirement of preferred stock-.do...
] 0,000
Organization expense
do-..
0
Miscellaneous
do. _ _
r
415, 699
0
25.150
183, 098
0
3,514
162,828
2,397
0
186, 996
0
32, 048
272, 521
665
76, 515
163, 584
216
11,838
648,401
374
29,481
108, 230
0
10, 748
170.042
60
31,885
3 54.477
193, 416
1. 257
3, 744
121,862
25
9, 581
390, 549
24, 620
179, 584
18, 242
160, 431
33, 033
154, 948
62,174
195, 341
30, 861
151,530
2,297
618,545
327, 760
97, 482
6,397
144, 098
2 536
150,159 188 415
2 349
5. 305
112, 25(1
51.010
10, 677
1,261
353, 990
1,174
874
159,294
4,267
720
122,411
2,384
551
89, 839
3,983
727
159, 770
2,726
1, 055
145,452
1,272
1,749
287, 765
1, 595
493
88, 998
954
619
139,988
1.724
863
142, 267
2 703
776
182 587
1.810
348
59, 088
18,147
13, 069
46, 800
20,182
12, 642
17,493
148,024
18, 923
28,433
83. 233
71 976
22, 502
152, 842
0
0
154,049
2,093
25,711
0
1,148
0
1,372
0
128, 973
13,000
2,268
(•)
613
23, 493
0
133
46, 038
540
5,069
0
337
11,339
0
1,564
54, 650
1,802
175
8
120
2,256
100
0
144,390
206
101
4,853
0
700
113,247
2,546
6,598
0
15
2,211
0
20
130,033
7,476
0
0
2
9,630
0
0
58, 520
0
1,897
0
28
3 728
0
0
104 708
1 213
1 823
0
83
552
0
4,832
43, 754
9,071
813
0
13
9, 663
0
0
22,401
12,591
485
0
65,471
10.005
5. 347
0
6, 052
11.634
3.458
4.105
I
Revised. • Less than $500. ^Includes repayments unallocated, pending advices, at end of month.
fRevised series. For revised data on income taxes beginning September 1936, see table 50, p. 18 of the November 1940 Survey. Data on total loans of the Reconstruction
Finance Corporation and "other loans and authorizations" revised beginning January 1937 to exclude a loan of $146,500,000 to the Rural Electrification Administration, advanced in varying amounts during 1937-39, now classified under allocations; this loan has been excluded from data shown in the Survey beginning with the October 1940 issue.
Certain other comparatively small revisions have been made in the grand total; currently such revisions are not carried into the detail. Data on security registrations revised
beginning January 1938, see table 47, p. 15 of the November 1940 Survey.
*New series. The new item of "net receipts" excludes social security employment taxes appropriated directly to the Federal old-age and survivors insurance trust fund;
for data beginning January 1937, see table 50, p. 18 of the November 1940 Survey. For data beginning 1938 for substitute securities, see table 47, p. 15 of the November 1940
issue. National defense data include loans, participations and purchases of capital stock in corporations created by the Reconstruction Finance Corporation to aid in national defense.
. , - , , ,
,
0 Because of changes in the tax rate under the Revenue Act of 1941, the series on collections from admissions to theaters and stock transfer^ which were included for the
purpose of showing trends in the volume of business in these fields of industry, rather than from a revenue standpoint, have been discontinued in the Survey. Data shown
above exclude collections from national defense taxes under the Revenue Act of 1940.
S-17
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
April
May
June
July
August
September
October
Novem- I December I ber
FINANCE—Continued
CAPITAL FLOTATIONS-Continued
\
Security Registrationsf—Continued
!
(Securities and Exchange Commission)
Gross amount of securities less securities re- j
served for conversion or substitution, total i
thous. of dol.J
Type of security:
I
Secured bonds
do...
Unsecured bonds
do...
Preferred stock
do...
Common stock
do...
Certificates of participation, etc
do...
Type of registrant:
Extractive industries..
do
Manufacturing industries
do
Financial and investment
do
Transportation and communications,do
Electric light, power, heat, gas and water
thous. of dol..
Other
do....
Securities Issued t
(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, total
do |
Bond." and notes:
I
Long term
,..do j
Short term
do i
Preferred stocks..
do [
Common stocks
do j
Farm loan and other Government agencies
thous. of dol.-i
Municipal, State, etc
do j
Foreign, total
do ]\
Corporate
do
Government
do \
United States possessions
do |
Refunding, total..._
do j
Domestic, total
do j
Corporate, total
do |
Bonds and notes:
i
Long term.
do I
Short term
.do |
Preferred stocks
do j
Common stocks
do I
Farm loan and other government agen- |
cies
thous. of dol-.i
Municipal, State, etc...
do |
Foreign, total
...do j
Corporate
do |
Government
.
do ;
United States possessions
do ;
Corporate securities issued by type of borrower,
total
thous. of dol.
New capital, total
do (
Industrial
do j
Investment trusts, trading, and holding \
companies, etc
thous. of dol..|
Land, buildings, etc
do i
Public utilities..
do j
Railroads
do i
Shipping and miscellaneous
do |
Refunding, total
do 1
Industrial
do
Investment trusts, trading, and holding
companies, etc
thous. of dol._
Land, buildings, etc
do
Public utilities
do
Railroads
do
Shipping and miscellaneous
do
D omestic issues for productive uses (Moody's): *
Total
.
mil. of doL.
Corporate
do
Municipal, State, etc
do
200,364
393,713
182, 543
157, 514
182, 325
269, 620
161,071
413, 842
108, 038
174,849
149,559
190, 790
116,737
93, 455
16,060
fiO, 878
26, 570
3, 400
135,365
60,037
6, 537
31, 826
5,598
133,159
2,983
37, 565
8,832
5
82, 670
0
48, 422
2,151
24, 270
89, 770
33, 288
10, 570
44,010
4,687
88, 434
49, 500
75,181
56, 404
100
111, 480
1,000
21, 980
21,111
5,499
0
23,
94, 336
28,126
34, 326
46, 088
4,434
18, 027
363
18, 249
91, 658
14, 978
46, 213
3,750
44,128
10,000
13,138
80,723
991
47,085
50, 750
6, 600
75, 829
10,526
50. 983
7,179
15,312
35, 262
S. 000
0
43,772
7, 830
25, 675
0
114,377
162, 693
69,488
0
24, 097
2,983
0
0
41,013
25, 976
. 2, 468
571
65,136
72, 221
6,074
250
123,499
3,301
8,171
1,687
15, 605
5,260
16, 690
0
17,166
4,190
354, 273
0
57, 245
11, 223
0
121
24,800
3,750
104, 689
0
80,229
10,579
1,848
15,480
38,102
11,170
68, 563
0
30, 340
10.703
22', 539'
122,807
280
43, 668
3,487
151, 341
4,122
87, 729
329
37, 061
1,263
133, 644
755
121,829
0
18,094
20,119
34, 326
5,244
22, 737
18, 751
48,760
8,143
55,018
2,458
52. 242
394,428
182,311
182,311
86, 634
920, 916
746,178
745, 328
39, 470
405, 839
106.750
106, 750
63, 874
881,131
519, 255
519, 005
90, 467
728
284
284
403
273, 400
64, 856
64,856
34, 265
299, 302
132,066
132,066
103,261
237,815
110, 379
110,379
89,427
216, 428
121,001
121,001
59, 460
55,972
0
29,468
1,195
28, 437
641
7,324
3,068
60, 945
55
0
2,875
74,636
2,010
10, 387
3,434
30,377
0
9,825
3,367
323, 825
0
1,603
1,975
22,140
0
8,458
3,667
49,626
0
2,700
50,935
82, 399
575
2,645
3,809
41,052
5,000
8,125
9,440
37, 381
86, 237
0
0
0
0
0
0
0
0
256, 981 ••212,117
256, 981 ••212,117
227,012
115, 288
645, 442
60,416
850
0
0
850
174, 738
174, 738
107,181
5,440
37, 436
0
0
0
0
299, 089
299, 089
197,102
369, 741
58, 797
250
0
0
250
361, 876
361, 876
113, 390
212,212
39, 843
400
0
0
400
316,068
316,068
0
32, 881
0
0
0
0
110,444
110, 444
74, 427
0
30, 591
0
0
0
0
208, 544
208, 544
161, 391
0
28,805
0
0
0
0
167,236
167,236
97,050
0
20,952
0
0
0
0
127,436
127,436
42,384
19, 520
42.015
0
0
0
0
95. 427
95, 427
52, 05a
333,238 •420,112 '349.037
181,760 ' 95, 539 '92 056
181,760 ••95,539 ••92.056
' 46, 550
52, 929
87,186
612,
296,
295,
43,
092
024
624
569
470,
360,
360,
327,
1
32,436
0
36, 887
17,863
50, 348
330
1,154
1,096
11,175
83,399
0
0
0
0
151,478
151, 478
82,846
2.200
••40,410
0
0
0
0
324,573
•324,573
271,388
81,726
0
1,120
0
251,892
16, 670
2,286
540
208, 911
703
17, 398
0
106, 472
709
0
0
161, 757
0
35, 345
0
108, 087
0
5,303
0
75, 793
0
10, 525
150
72, 530
0
1,897
0
155, 881
0
5, 398
112
96,250
0
800
0
29,336
0
13,049
0
50. 321
0
31, 607
0
33,775
,34, 857
0
0
0
0
'29.950
' 23, 235
0
0
0
0
17,425
12, 544
0
0
0
0
4,000
92, 829
0
0
0
0
27, 725
39, 833
0
0
0
0
28, 300
73, 687
0
0
0
0
222,860
25,626
0
0
0
0
215, 553
14,047
0
0
0
0
25, 420
10, 597
0
0
0
0
26,955
20,198
0
0
0
0
34,822
35,364
0
0
0
0
31,675
53,377
0
0
0
0
25.100
18,273
170,032
87,186
46,150
324,316
52, 929
10, 243
258,562
31, 550
6,311
201,922
86,634
26,612
146,650
39,470
8,781
260, 976
63,874
19,459
203,857
90,467
29, 454
130, 038
43, 569
4,068
401, 830
327, 403
52, 018
195, 656
34, 265
11, 552
200,311
103, 261
63,178
13.1,811
89, 427
43, 578
111, 520
59,466
24,018
0
1,800
28,011
9,890
1,245
82, 846
499
0
155
10, 715
30, 395
1,421
271,388
99,406
0
65
6,527
18,010
637
227,012
1,107
0
106
39,661
3,120
17,136
115,288
41, 500
0
47
18,401
9,100
3,141
107,181
37,007
0
0
3,775
36, 715
3,925
197,102
51,170
0
386
7,584
51, 235
1,808
113,390
21,886
0
0
10, 559
22, 852
6,090
86, 468
34,875
0
0
238, 085
23, 300
14, 000
74, 427
2,497
0
230
7,922
7,060
7,500
161, 391
22, 782
0
214
5,840
21,329
12,700
97,050
16,336
0
0
40,687
1,210
3,952
42, 384
16,890
0
0
7, 203
27, 745
500
52, 055
16,880
0
0
3,837
134,940
9,790
23, 415
0
11,250
161, 424
50, 718
2,513
0
2,876
67, 602
3,000
309
0
1,929
39,186
4,000
25,059
0
2,875
138,882
0
4,175
0
328
83, 317
0
245
71,625
0
60
0
1,674
102, 098
34. 837
0
0
2,056
74,658
4,000
0
0
3, 654
21,841
0
0
0
3, 835
31.339
1,000
0
0
45, 593
0
6,000
51
27
24
102
53
49
75
23
52
113
63
50
67
38
29
303
281
22
63
53
10
61
43
18
71
34
37
82,120
0
0
137
67
70
24,851
'15,637
3,752
2,310
47
25
22
13, 36(1
M
ft
1.734
0
(Bond Buyer)
State and municipal issues:
101, 656
104,227
78,479 <• 63, 216 73, 352
115,982
190,174
Permanent (long term)
thous. of dol._ 118, 540
77,938
144,806
151,610 ' 48, 269
65, 052
89,394
93,123
63,074
138,683
Temporary (short term).
do
81,995
150,913
169, 942
113,655 •99,988
119,070 175, 389 177,957
53, 669
COMMODITY MARKETS
I
Volume of trading in grain futures:
I
432
454
277
439
548
228
504
Wheat
mil. of b u . J
253
531
282
457
294
500
57
93
47
44
58
77
74
Corn
do j
154
53
37
103
89
77
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
j
Customers' debit balances (net)
mil. of doL.j
661
633
622
634
616
547
628
628
628
633
625
60(1
199
199
185
Cash on hand and in banks
do j
207
199
219
186
189
211
195
196
368
403
375
387
308
399
Money borrowed
do j
395
388
414
460
409
368
396
265
262
274
275
267
266
262
Customers' free credit balances
do
255
255
264
289
260
'1 Revised.
The indicated totals include face amount certificates not included in the break-down by type of security as follows: January, $154,350,000; August, $4,800,000; October,
$579,000.
JFor revisions in 1939 data from Commercial and Financial Chronicle, see notes marked " J " on p. 34 of the September 1940 and p. 35 of the March 1941 Survey.
•New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17 of the September 1940 Survey.
fRevised series. Data on security registrations revised beginning January 1938; see table 47, p. 15 of the November 1940 Survey.
S-18
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1 9 4 3
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
March 1942
1941
January
February
March
April
May
June
July
August
September
DecemOctober November
ber
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
93.05
92.72
93.73
94.22
94.32
94.80
95.04
94.74
94.80
dollars..
94.86
95.25
97.16
96.82
97.73
98.25
98.08
98.30
98.58
98.27
Domestic
do
98.72
98.60
98.92
45.81
45.47
47.01
47.67
46.28
49.83
48.85
Foreign
do
50.79
47.79
47.11
50.75
Standard and Poor's Corporation:
117.7
116.7
116.9
116.8
117.0
117.7
118.1
118.7
118.5
119.2
High grade (15 bonds)t~dol. per $100 bond..
118.8
Medium and lower grade: f
99.2
97.5
98.4
99.5
99.3
99.2
99.9
99.6
98.0
99.4
Composite (50 bonds)
_
do
99.2
106.7
103.0
101.7
102.2
103.1
102.4
104.9
105.9
103.3
104.8
105.1
Industrials (10 bonds)
do
105.3
105.6
103.8
104.1
104.6
106. 0
106.2
107.3
107.4
Public utilities (20 bonds)
do
107.2
100.3
107.1
107.2
89.0
87.1
88.4
89.5
89.4
86.9
86.8
84.9
87.9
87.8
Rails (20 bonds)
do...84.5
85.0
17.9
17.5
19.3
20.7
21.0
24.1
24 9
24.8
21.6
23.9
25.1
Defaulted (15 bonds)t
do
24.4
127.8
125.6
125. 4
126.8
128.2
131.0
133.4
124.4
133.0
Domestic municipals (15 bonds)
do
129.5
130.4
131.2
110.4
108.8
110.1
110.8
111.4
111.1
112.4
110.1
112.0
U. S. Treasury bondsf
.do
111.1
111.5
111.7
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol__ 125, 744 147,635 91,476 118,851 133,274 119,252 95,055 116, 272 87,766 105,508 125,159 88, 348
256,089 276,042 148, 219 235, 872 269,892 218, 628 173,215 222,973 160,891 177,029 209,219 161, 048
Face value
do
On New York Stock Exchange:
111,586 125, 090 75,999 96,162 109. 867 100, 577 78, 266 98,274 74,506 89, 563 1109, 888 76, 382
Market value
-do
237, 263 248, 732 130,068 209, 379 242, 720 196,932 153,363 201,056 144,101 155, 537 189, 947 145,446
Face value
do
Exclusive of stopped sales (N. Y. S. E.),
face value, total
thous. of dol_. 219, 955 230,987 123, 647 214,382 209, 471 169, 272 149,426 189,118 140,157 140,963 178, 899 140, 746
1,138
2,707
2,224
1,417
1,497
948
1,431
1,319
1,470
1,010
2,598
1,307
U. S. Government
do
218,817 228, 280 121,423 212.965 207. 974 168, 324 148, 416 186, 520 138,726 139, 644 177, 592 139, 276
Other than U. S. Govt., total..do
206,145
199,173
212,637
194,
885
153.831
109. 265
135,174 174, 588 127,515 127, 575 163, 413 125,694
Domestic
do
12,672
13, 792 13, 089 14, 493 13, 242 11,932 11,211
15, 643 12,158
12,069
13, 582
14,179
Foreign
do
Value, issues listed on N . Y. S. E.:
54, 225 55, 746 55, 678 55, 534 56,159
56,387
56,041
56,101
Face value, all issues.._
...mil. of dol.. 59, 076 54,139
57, 856 57, 821
55, 924 49, 799 49, 891 51,419
51,416
51, 278 51,952
51,836 51,900 52,192 53, 673 53, 646
Domestic
do
3,152
4,334
4,340
4,328
4,262
4,255
4,201
4,195
4,207
4,205
4,175
Foreign.
do
4,183
56,
261 50, 374 50, 277 52, 252 52,518
52, 322 53, 237 53, 260 53, 217 53,418
54,813
Market value, all issues
-do
55,107
54. 419 48, 386 48, 307 50, 249 50,515
51,287 52, 984 52, 732
50,293
Domestic
do
51, 227 51, 279 51,165
1,842
2,003
2,003
1,988
1,971
2,131
2,052
2,029
2,010
1,981
2,080
Foreign
do
2,123
fields:
Bond Buyer:
2.02
2.36
2.29
2.43
2.33
2.26
2.07
2.07
1.93
Domestic municipals (20 cities)... per cent..
2.14
1.90
Moody's:
3.34
3.30
3. 35
3.30
3.36
3.40
3.39
3.39
3. 26
3.29
3.27
Domestic corporate
do
3.37
By ratings:
2.83
2.75
2.78
2.74
2.74
2.81
2.75
2.80
2.82
2.77
2.72
2.73
Aaa._
....do
2.96
2.95
3.00
2.90
2.91
3.01
3.04
2.95
2.90
2.99
Aa
.
do
2.86
2.87
3.30
3.36
3.38
3.24
3.24
3.37
3.38
3.31
3.26
3.34
A
.do—.
3.19
3.21
4.29
4.42
4.27
4.30
4.38
4.38
4.33
4.31
4.28
4.32
Baa
-do
4.28
4.28
By Troups:
2.97
2.96
2.96
2.90
2.88
3.00
3.02
3.06
2.90
3.02
2.85
2.85
Industrials
do
3.13
3.07
3.17
3.10
3.07
3.06
3.19
3.17
3.16
3.13
3.04
3.05
Public utilities
do.—
3.93
3.95
3.92
3.96
3.95
3.92
4.00
3.98
3.95
3.96
3.93
3. 91
Rails
do..-Standard and Poor's Corporation: §
2.23
1.99
2.08
2.03
2.00
2.16
2.27
2.28
2.14
1.90
2.20
1.91
Domestic municipals (15 bonds)
do
2.01
1.94
1.94
1.91
1.90
1.99
2.10
2.01
1.96
1.92
1.85
U. S. Treasury bondst
do
1.88
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
mil. of dol.. 1, 962. 59 1,791.94 1, 796. 56 1,816.13 1,817.77 1,821.65 1,823.85 1,821.08 1,822.61 1,828.35 1, 840. 31 1,889.13
938.08 938.08 938.08 938.08 938.08
938.08 938.08 938.08
938.08 938. 08
Number of shares, adjusted
millions.. 938.08
Dividend rate per share (weighted average)
2.05
1.95
1.94
1.91
1.94
1.94
2.01
1.92
1.94
1.94
1.94
1.96
(600 cos.)
dollars.2.88
3.01
3.01
3.01
3.00
3.01
3.01
3.01
3.01
2.99
3.01
3.01
Banks (21 cos.)
-do
2.09
1.94
1.93
2.05
1.90
1.93
1.93
1.97
1.89
1.92
1.92
1.93
Industrials (492 cos.)
do
2.69
2.59
2.59
2.62
2.54
2.59
2.02
2.59
2.54
2.54
2.54
2.54
Insurance (21 cos.)
do
1.81
1.91
1.92
1.82
1.94
1.92
1.95
1.94
1.94
1.86
1.94
1.94
Public utilities (30 cos.)
do
1.77
1.58
1.56
1.58
1.53
1.56
1.57
1.53
1.56
1.58
1.56
1.57
Rails (36 cos.)
do..-Dividend declarations (N. Y. Times):
218,317 375,872 231,737 199,198 517, 369 256,858 245, 731 380, 592 236,622 273,902 737, 821
Total
thous. of doL.
204,574 360, 210 226, 315 192,375 476, 792 238,515 232,625 362,418 229,968 265,814 683, 775
Industrials and miscellaneous
do
54, 046
18,174
6,654 | 8,089
13, 743 15, 662
5,422
6,823 40, 577 18, 343 13,106
Railroads
do
Prices:
Average price of all listed shares (N. Y. S. E.)
54.1
55.9 | 53.2
48.2
51. 6
51.4
56.7
55.0
53.8
54.0
56.5
51.5
Dec. 31, 1924=100-.
Dow-Jones & Co., Inc. (65 stocks)
37.86
42.90
43.01
40.95
39. 53
43.82
41.21
40.74
42.99
41.60
39.73
41.26
dol. per share.111.11
127.35
127. 57 126.67
130.17
121.68
122. 52 119.10 116. 44 121.57
121.18 116. 91
Industrials (30 stocks)
do
14.41
18.62
18.48
17.61
15. 93
20.17
19.37
18.66
18.50
19.56
17.30
17.65
Public utilities (15 stocks)
do
28.
01
29.28
29.60
28.11
27.92
29.01
27.54
28.48
30.19
28.03
28.25
28.54
Rails (20 stocks)
do
77.09
90.91
92.24
88.29
87.92
93.24
87.07
85.41
91.32
87.66
84.71
87.37
New York Times (50 stocks)
do
133.
77
160.08
162.57
156.09
145.
66
165.43
154.20
150.17
160.33
154.86
149.00
153. 71
Industrials (25 stocks)
do
20.41
21.74
21.92
20.48
20.19
21.06
19.94
20.65
22.36
20.46
20.42
21.04
Railroads (25 stocks)
do
Standard and Poor's Corporation: t
72.6
77.4
85.0
80.1
80.3
83.2
83.2
83.6
79.5
80.4
77.9
77.1
Combined index (402 stocks)-.1935-39=100..
74.3
84.7
84.3
84.8
79.4
79.6
84.2
79.7
78.6
77.3
77.3
81.6
Industrials (354 stocks)
do
78.6
88.9
88.0
87.8
83.9
78.7
82.5
82.7
79.8
88.4
79.6
82.2
Capital goods (116 stocks)
do
68.8
85.4
81.2
82.9
76.7
74.2
76.8
74.8
80.3
80.4
80.2
79.0
Consumer's goods (191 stocks)
do
66.1
91.1
81.0
81.3
81.6
74.5
83.1
78.9
87.1
87.1
81.8
78.5
Public utilities (28 stocks)
do
69.0
73.4
74.4
72.6
70.9
68.4
71.2
70.7
70.0
70.6
73.8
70.3
Rails (20 stocks)
do
Other issues:
73.8
87.6
78.5
89.2
85.1
88.4
89.3
89.0
84.9
92.9 I
84.6
Banks, N . Y. C. (19 stocks)
do....
Fire and marine insurance (18 stocks)
107. 6
115.6
101.9
111.9
108.1 I 102.9
103.6
105.9
102.3
1926=100-.
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of doL. 512, 503 613,194 403,344 383,348 416,674 384, 462 411,012 611,464 415,088 512,750 493.760 509, 040
22,087 24,682 '24,724 26, 636
26, 545 18,555
18,052 29,073
19,169 20,217 17,618
Shares sold
thousands.. 28,359
On New York Stock Exchange:
Market value
thous. of dol.. 466,632 519, 360 336, 505 318,750 347, 710 323,885 350,146 522, 475 346, 227 426,839 •413,341 422, 423
20,064
13,194
13,740 22, 226 15,858 18,021 r 18,512 19,099
13,688
13,481
15,356
Sharessold
thousands.. 22,236
Exclusive of odd lot and stopped sales
15,052
8,971
10,111
10, 451 17,871
10,875
13,295
9,661
13,545
11.178
13,137
(N. Y. Times)
thousands.. 12,994
{Partially tax-exempt bonds. ! Discontinued by reporting source. § Formerly Standard Statistics Co., Inc. r Revised.
{Revised series. For data beginning 1931 on Treasury bond prices, which relate to partially tax-exempt bonds, see table 55, p. 17 of the December 1940 Survey.
date for Standard and Poor's bond and stock prices are shown, respectively, in table 36, p. 19, and table 37, pp. 20-21, of the January 1942 Survey.
94. 50
96.69
56.27
117.5
97.4
105.0
104.7
82.4
21.9
125.9
110.7
134,712
277, 038
116,561
251,650
224, 737
1,781
222, 956
205, 251
17, 70')
58, 237
55. 080
3,157
55, 034
53. 257
1.777
2.24
3.35
2.80
2. 95
3.27
4.38
2.94
3.12
3. 99
2.25
1.97
1, 927. 69
938. 08
2.05
2.88
2.09
2.69
1.81
1.77
48. 7
36. 92
110.67
14.38
25. 33
79.17
139. 86
18.47
71.8
73.8
76.3
67.6
66. 2
61.0
72.1
106.1
1,085,599
62, 676
929, 046
46, 891
36, 387
Earlier
S-19
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
1941
January
February
March
April
May
June
July
August September
October
Novem- Decem
ber
ber
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
millions..
Yields:
Common stocks (200), Moody's
percent..
Banks (15 stocks)
do
Industrials (125 stocks)
do
Insurance (10 stocks)
do
Public utilities (25 stocks)
do
Rails (25 stocks)
do
Preferred stocks, high-grade (15 stocks),
Standard and Poor's Corp.f
percent. -
36,228
1,467
40,280
1,455
39, 398
1,455
39, 696
1,457
37, 711
1,463
37,815
1,463
39,608
1,463
41,654
1,463
41,472
1,464
40,984
1,463
39,057
1,465
37, 882
1, 464
35, 786
1,463
7.2
5.3
7.4
4.5
7.6
7.2
5.9
4.4
6.0
4.2
6.0
6.2
6.0
4.5
6.2
4.3
6.1
6.2
6.1
4.5
6.2
4.2
6.2
6.2
6.4
4.8
6.6
4.4
6.7
6.3
6.4
4.9
6.5
4.3
6.8
6.5
6.1
4.5
6.2
4.2
6.5
6.4
5.8
4.5
5.8
5.9
4.6
5.9
3.9
6.4
6.0
5.9
4.6
5.9
3.9
6.5
6.3
6.3
5.0
6.4
4.1
6.6
6.5
6.8
5.2
6.9
4.1
6.9
6.8
7.3
5.4
7.3
4.5
7.6
8.2
4.21
3.94
4.05
4.08
4.10
4.15
40
6.4
5.9
4.05
4.04
4.07
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number._
Foreign
do
Pennsylvania R. R. Co., total
do
Foreign
do
U. S. Steel Corporation, total
do
Foreign
do
Shares held by brokers
percent of total.
630,956
5,609
206,050
1,581
164, 785
2,605
25.30
630,366
5, 742
204, 776
1,680
164, 687
2,664
26.00
632, 293
5,481
205, 724
1,535
164, 262
2,590
25. 00
633,588
5,281
205,012
1,447
163, 732
2, 584
25. 40
FOREIGN TRADE
INDEXES•
Exports:
Total: Value, unadjusted
1923-25=100.
Value, adjusted
do
U. S. merchandise, unadjusted:
Quantity. _
_._.do.__
Value
do__.
Unit value
do-_.
Imports:
Total: Value, unadjusted
do...
Value, adjusted
do...
Imports for consumption, unadjusted:
Quantity
1923-25=100.
Value
do...
Unit value..
.do...
Agricultural products, quantity:
Exports, domestic, total:!
Unadjusted-__
1924-29=100.
Adjusted
do__.
Totai, excluding cotton:
Unadjusted
do...
Adjusted
do...
lmports for consumption:*
Unadjusted
do...
Adjusted
do...
84
124
85
117
80
71
70
72
73
120
70
58
118
68
58
138
94
102
107
101
108
87
94
107
120
130
110
105
145
101
70
147
101
122
87
71
130
94
72
158
118
75
145
109
75
1226
164
U74
77
129
79
215
171
79
92
90
87
91
142
88
62
130
82
63
132
83
63
135
86
64
129
83
65
138
92
66
129
87
(.7
156
106
68
154
159
127
138
120
136
120
131
107
143
86
60
87
91
33
40
137
132
135
131
141
125
147
136
VALUE •
Exports, total, incl. reexports
thous. of dol
6,376 491,818 651,555
325, 355 303, 413 357,233 385, 454 384, 636 329, 776 358,649 455, 257 417,139
By grand divisions and countries:
19.954
35,121
39.434
28,354 36,925 20,904
58.134
29, 275
22. 047
Africa
.do...
12,076
5,726
15,770
11,806
10, 709 26. 942
Union of South Africa
do...
15, 558
16,030
9,958
59,498
64, 753 64,092
54,876
71,078 52, 350 43,627 64, 788 54,919
Asia and Oceania.
.do...
6,515
8,780
4,055
10,868
5,575
12. 345
7,389
British India
_do_.
9,154
8,422
11,588
11.108
5,687
10,112
6,621
3.346
1,662
8,419
Japan
...do..
C)
6,319
7,596
7,722
10,287
7,116
10, 104 12.350
9,845
7,955
Netherlands Indies
do_.
126, 772
96, 336 113,233 145,964 110,409 111,478 139. 327 143,981
Europe
do..
116,631
77, 269
95, 509 127,623 103,228 103, 108 128, 771 129,372 162,049
United Kingdom
_ .do..
229
62,449
65, 233
69,898
75, 333 69,401 100,855 143,
North America, northern
_do__
72,137 81,165
61,886
64,419
68, 616 70,813
79,611
74. 307 68.076 98, 776 89,167
Canada
...do..
30,022
33,010
35, 708 29,926 46.020 87,235
North America, southern
_
do..
42,071
37, 200 38,226
765
8,507
9,824
8,337
14, 324 38,
Mexico
do..
11, 745 13,193
13, 770 12, 597
12,330
29,188
29, 381
South America
_do._
42,989 34,003
36, 935 41,493 42,963
37,028 36,681
5,300
5,223
6,755
Argentina.
.do..
7,698
9, 568
9,123
6,400
5,858
9,975
9,216
8,843
8,699
Brazil.
_.do__
9,709
10,971
11,992
10, 505 13,177
11,306
2,955
3,249
Chile
do..
4,214
3,978
3,752
4,915
4,463
4,107
4,152
U. S. merchandise, by economic classes:
Total
.....thous. of dol
317,953 298, 273 350,446 376,185 376,354 323, 728 348,890 438, 264 406,057 1647,462 481, 630 635,179
29,824 30, 393 39,813
15, 234 19. 658 16, 857 28, 647 29,034
Crude materials
._
-do_.
16, 092
4,380
4,716
Cotton, unmanuiactured
-do..
3,800
3,120
4,389
5,862
4,516
5,843
15,052
Foodstuffs, totaL
_do__
45, 763 42,264 51,099
13. 746
16, 010 16, 793 18, 269 25, 323 33,173
4,262
8,388
7.291
3,963
5,368
Crude foodstuffs
do..
2,887
6,758 10,380
2,841
38.472 35. 506 40,719
Mfd. foodstuffs and beverages d o . .
12, 531 14,306
16, 935 27,805
10,859
13,169
Fruits and preparations
...do..
1,933
3,240
1,944
2,098
1,768
3,262
2,117
3,554
5,952
Meats and fats
do..
3,317
2,472
3,241
11, 254 17,324
2,048
2,495
15, 899 16,302
Wheat and
flour.
do..
3,030
1,530
2,103
3,979
3,923
2,573
2.048
3.054
4,609
Semimanufactures
_do._
55,136
53,279 67, 587 61,296
51,019
69,989
56,973
60, 644 67,004
Finished manufactures.
do
218,126 210. 056 254, 206 274, 054 267, 248 210, 501 220,025 298,019 253, 849
Automobiles and parts
do.
24, 028 29, 084 28, 642 30, 511 21,474
25, 379
17. 522 25.306 22, 520
4,250
2.732
Gasoline
_
do.
3,733
6,101
3.244
7,915
3,394
5,213
4,313
Machinery
do.
60,993
54, 426 61. 604 63, 751 59, 631 45,437 45, 510 64. 438 54,208
228, 636 233, 702 267, 784 287, 550 296,930 279, 536 277,847 282, 513 262,680 304,127 280, 525 343, 794
General imports, total
do.
By grand divisions and countries:
Africa
_
.do.
11,416
8,739
10, 203
13.558 14,446 10,835
11, 593 12, 345 14,075
2,856
Union of South Africa
do.
3,890
4,418
3,515
3,628
5, 638
4,827
4,277
6.814
89, 698 106. 303 97,837 115, 240 102, 530 118,665 108,871 96, 589
91,417
Asia and Oceania
do.
10,613
10, 680
8,095
6,314
6,172
British India..
do.
8,926
9,129
11, 544 13, 695
13,000
Japan
_
.do.
10, 391
8,127
10,488
8,835
573
2,535
11, 020 10,869
17,324
15, 212
13, 738 14, 494 14, 504 21,630
Netherlands Indies.
do .
23, 392 27, 967 14, 862
20,119
17,941
Europe.-.
_
.do.
26,100 35, 793 23, 355 24,506
23,548 18,825 22, 272
9,797
9,576
9,742
9,443
United Kingdom....
do.
11.392 12.424 11,170
12, 583 15,049
49.506 49, 314 46, 558 56,484 50, 890
36, 586
35, 428 38, 592 40,189
North America, northern
.do.
35.486
34,287
Canada..
_
..do.
37,834 39, 357 48,192 48,156
44,585 53,935 49,458
• Less than $500.
1
Figure overstated owing to inclusion in October export statistics of an unusually large volume of shipments actually exported in earlier months.
t Revised series. Revised data beginning February 1928 for preferred stocks are shown in table 39, p. 22, of this issue. Indexes of agricultural exports have been
revised to new base. Earlier monthly data will be shown in a subsequent issue.
• New series. Data beginning 1915 for indexes of agricultural imports will be shown in a subsequent issue.
• The publication of detailed foreign trade statistics has been discontinued for the duration of the war, effective with October data. For revised 1939 data on value of
trade see tables 14 and 15, pp. 17 and 18 of the April 1941 issue.
Digitized fororeign
FRASER
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
1941
January
February
FOREIGN
VALUE«—Continued
General imports by grand divisions and countries—Continued.
North America, southern
thous. of dol..
Mexico
do
South America
...do
Argentina
do
Brazil
.do
Chile-do
imports for consumption, total
.
do
By economic classes:
Crude materials
...do
Crude foodstuffs
...do
Mfd. foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
March 1942
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
TRADE—Continued
24,474
7,743
46,837
11,186
11,644
4,999
223, 595
28, 072 33, 948 39, 787 38,706 35, 445 31, 554 32, 627 33,532
7,311
7,516
8,936
9.237
8, 365
7,428
6,945
7,702
53,825
51,246 61,597 56,048 56, 325 43,964
51, 259 48, 561
11,732
12, 624 15, 718 14,437 16,713
13, 364 13, 649 14,756
15,383
33,295
15, 944 17,167 11,771
10, 307
9,959 10,257
12,107
9,139
7,917
10,848
8,200
5,730
9,462
8,790
216,623 254, 553 274, 593 281,351 261,097 264,685 273, 898 265,162
97,633
30, 291
20, 552
47,131
27, 988
91,805 106, 674 103,437 116, 777 110,609 119,260 126, 480 117,024
31,211
32,892 36,621
36,418 31,988 22.886
24, 472 16,992
22. 940 26,652 33,125 34, 370 28,082 24, 320 22,975 25,499
42,208
57, 936 66, 377 57,862 54, 553 62,248 63,989 70,257
28,458 30, 399 35,032 35,925 35,864 35, 971 35,982 35,389
292,
303
276,
224
338, 272
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
9,961
12,143
10, 874 10,926
10, 032
10, 536 10,814
11,942
10,839
11, 904
Operating revenue-._
_thous. of dol..
11,238
82
101
95
72
153
74
95
78
Operating income
_
do
Local Transit Lines
7. 8005 7.8253
7. 8144 7.8144
7.8199
7. 8005 7.8005 7. 8005
7. 8253 7.8199
7.8061 7.8144
7. 8005
Fares, average, cash ratef
cents.. 946,
315 833, 023 775, 068 855, 970 »' 846,416 ' 857, 679 ? 809, 340 792, 539 793, 570 828, 576 895, 991 856, 773 941, 924
Passengers carriedf.
thousands..
59, 579 56, 220 61,192
58, 576 59, 342 60,715
65, 563 62, 427
68, 807
61,427 62, 347 59,547
Operating revenues
thous. of dol..
Class I Steam Railways
Freight carloadings (Federal Reserve indexes):!
129
120
136
138
144
141
113
115
145
108
128
140
131
Combined index, unadjusted...1935-39 =100..
136
127
138
135
124
129
140
125
139
132
38
117
131
Coal
-do
184
172
165
168
174
183
172
182
167
175
120
167
170
Coke
-do
140
149
147
143
124
128
149
129
160
127
130
135
141
Forest products
do
125
163
104
115
90
85
122
113
125
97
96
107
123
Grains and grain products
do
95
70
146
117
84
75
111
97
80
74
82
82
69
Livestock
do
93
99
101
101
94
98
102
96
99
101
103
102
101
Merchandise, 1. c. 1
do
46
283
232
199
45
45
261
69
271
50
203
276
265
Ore
.do
134
139
151
150
115
118
150
138
141
124
131
138
141
Miscellaneous
do
140
138
127
135
122
124
130
137
139
126
112
135
139
Combined index, adjusted
.do
119
150
121
121
109
113
133
111
158
128
45
138
156
CoaL
do
153
200
165
159
145
149
176
167
199
Coke
do
168
137
182
189
156
149
140
146
138
133
138
145
152
127
130
130
136
Forest products
do
142
112
97
118
102
102
111
124
103
Grains and grain products
do
113
113
124
126
99
83
95
93
88
93
84
101
84
Livestock
do
93
93
91
88
97
100
97
99
99
101
97
100
99
Merchandise, 1. c. 1
do
100
102
102
102
186
156
178
204
180
181
149
246
155
Ore..
_
.do
192
266
266
152
152
140
133
144
130
131
135
149
141
Miscellaneous
do
128
130
136
139
Freight-car loadings (A. A. R . ) i
3,858 r 3, 454
4,464
3,539
3,046
3,413
3,510
3,658
4,318
Total cars
.thousands..
2,794
4,161
3,818
2,824
797
575
652
790
578
675
840
Coal
d©
605
•"729
818
163
642
676
71
54
64
52
53
53
66
Coke
-do
56
'67
70
38
54
64
208
153
214
174
176
184
248
Forest products
do
154
••185
197
159
175
205
212
155
194
230
167
149
Grains and grain products
do
224
116
r 154
172
136
172
184
65
53
82
59
38
82
55
Livestock
do
41
'57
52
46
39
57
711
582
768
603
618
641
Merchandise, 1. c. 1
do
784
597
'721
797
648
638
795
65
77
277
313
286
271
386
Ore
do
69
214
301
387
51
'63
1,929
1,729
1,529
1, 425
1,396
1,603
Miscellaneous
_.do
1,861
' 1, 480 1,204
1,648
1,390
1,490
1,792
61
60
41
75
67
42
47
Freight-car surplus, totalj.
do
110
87
71
190
71
72
28
22
27
15
27
18
19
Box carst
do
43
32
26
31
34
34
18
22
32
10
20
10
23
139
17
17
Coal carst
do
42
31
11
Financial operations:
Operating revenues, total
thous. of dol._ 480, 691 377,374 358,413 416,319 375,008 442, 286 455,023 485, 446 493, 674 488,979 517, 605 457, 012 479, 560
392, 571 309, 580 296,146 346, 633 305, 230 370,903 377,534 405, 503 410, 213 411,241 440,122 385, 241 389, 223
Freight
do
55, 697 40,159
53, 868
42, 231 40, 519
Passenger
do
36,511
40, 030 38, 348 37, 493 44,832 47,402 49, 773 43,521
348, 781 268,972 255, 690 283,329 274,938 296, 590 298,932 310,035 313,843 312,287 361, 502 335, 614 352, 532
Operating expenses
do
62, 944 46, 385 44, 344 52,363
46, 480
68, 513 72,622
62, 446 52, 633
69,097
Taxes, Joint facility and equip, rents*.-do
47, 501 57,065 62,829
68,966
80, 549
Net railway operating income
do
62,017
58,479
80,627
52, 569 88,630 93, 261 106, 315 111,318 104,070 93, 657 T 68, 765
25, 700 19, 705 14,964 35, 256
63, 528 65, 500 59, 324 53, 676 29, 226 r 55, 492
Net income
do
7,264 43,137 52,800
Operating results:
44, 545
34,182 40, 577 31,615 43,398 44,036
36,063
Freight carried 1 mile
mil. of tons..
46.067 49, 237 47, 616 51,135 46, 032
.928
.904
Revenue per ton-mile
.cents..
.899
.885
.922
.947
.902
.929
1.052
.927
.932
2,527
2,299
Passengers carried 1 mile
millions..
2,029
2,216
2,397
2,756
2,936
2,229
2,170
2,564
2,140
Financial operations, adjusted:*
464.1
486.2
485.4
452.6
476.0
402.4
473.5
Operating revenues, total.
mil. of dol..
389.3
417.6
382.1
470.9
438.6
389.5
403.2
407.7
375.9
398.7
332.5
395.1
320.7
Freight.
do
344.5
309.6
398.2
365.2
44.4
41.6
44.1
45.1
40.1
38.6
42.3
49.4
Passenger
do
42.7
41.4
43.3
40.9
374.4
403.2
318.6
379.4
315.9
370.5
409.8
403.1
Railway expenses
do
334.2
32S.2
363.4
345.6
111.0
49.4
83.8
73.4
100.4
84.7
76.4
72.9
Net railway operating income.
do
82.9
59.0
110.1
93.0
10.8
42.8
32.1
33.5
42.5
57.6
65.5
Net income
do
40.8
17.1
68.2
50.4
Canals:
Waterway Traffic
534
507
557
New York State
thous. of short tons..
0
0
624
700
0
0
250
720
610
1,481
1,546
Panama, total.
thous. of long tons..
1,966
1,366
1,719
1,283
1,827
1,659
1,911
2,057
1,585
1,989
719
818
1,102
818
538
968
In U. 8. vessels
.do
910
882
1,027
1,080
887
1,133
0
944
774
975
36
1,043
St. Lawrence...
thous. of short tons..
0
0
948
0
308
1,001
900
0
2,223
0
0
2,137
13,923
Sault Ste. Marie
.do
0
7,865 15,153
14, 673 15, 511 15, 235 14,401
0
1,960
1,466
0
1,858
1,620
369
0
Welland.
do....
1,688
0
664
1,895
1,716
Rivers:
177
352
326
215
230
244
332
187
Allegheny
.do
213
320
330
310
186
265
211
Mississippi (Government barges only).do
105
100
270
251
240
119
127
159
214
250
2, 753
2,492
Monongahela
.do
3,105
2,532
2,810
2,862
2,863
2,206 I 2,992
2,907
563
2,833
2,971
1,453
1,691
Ohio (Pittsburgh district)...
do
1,424
1,781
1,771
1,581
1,759
1,374 I 1,711
1,587
653
1,727
1,785
f
Revised.
•See note marked " • " on p. S-19.
1 Data for January, March, May, August, November 1941, and January 1942 are for 5 weeks; other months, 4 weeks.
"New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16 of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data not shown in
the September 1940 and subsequent issues of the Survey may be obtained by deducting operating expenses and net railway operating income from operating revenues.
tRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey. Passengers carried revised to cover data for 188 companies. Data for
1940 on the revised basis differ only slightly from those shown in table 13, p. 8 of the March 1941 Survey. Revised indexes of freight carloadings beginning 1919 appear in table
23, pp. 21-22 of the August 1941 Survey.
JBeginning June 1941, data represent daily average for week ended on the last Saturday of the month; earlier data, daily average for last 8 or 9 days of the month.
S-21
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
Januto the sources of the data, may be found in the
ary
1940 Supplement to the Survey
1941
January
February
March
April
May
June
July
August
September
October
Novem- December
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Waterway Traffic—Continued
Clearances, vessels in foreign trade:
Total, U. S. ports
thous. of net tons..
Foreign
-do
United States
do
Travel
Operations on scheduled air lines:
Miles
flown
.
thous. of miles.Express carried
pounds.Passergers carried
nuir her. Passenger-miles
flown
thous. of miles..
Hotels:
Average sale per occupied room
dollars..
Rooms occupied
percent of total..
Restaurant sales index
1929=100.Foreign travel:
U. S. citizens, arrivals
number.U. S. citizens, departures
do
Emigrants-.
do
Immigrants
.
do
Passports issued
do
National parks:
Visitors
do
A u torn obiles.
do
Pullman Co.:
Revenue passenger-miles
thousands..
Passenger revenues
---thous. of dol_.
3,839
2,653
1,186
3,636
2,319
1,317
3,981
2,532
1,449
4,606
2,902
1,704
5,729
3,579
2,149
6,074
3,957
2,117
6,716
4,584
2,132
4,418
2,229
6,011
3,978
2,033
6,072
4,040
2,031
()
(a)
()
8,890
8,786
9,953
10,537
11,668 11,472 12,154 12, 472 12,127
12,200
11,501
10, 855
1,113,002 1,109,352 1,214,817 1,352,181 1,462.121 1,544,111 1,822,217 1,842,858 1,962,284 1,760,770 1,689,093 2,385,786
197,854 218,163 245,924 308,644 363,954 380,990 398,434 447, 316 455,647 420, 393 324, 546 318, 777
78,340
84,640
96t 662 114,749 133,979 141,906 147,419 158,068 158,151 150, 920 115,825 111,077
3.40
71
107
3.24
69
97
3.32
69
99
3.24
68
94
3.47
69
109
3.13
70
106
3.30
66
108
3.29
64
103
3.56
68
115
3. £2
69
109
3.55
71
108
3.61
69
114
3.39
61
103
5,145
16,244
7,868
1,681
3,612
2,511
19,818
19,726
S20
3,133
1,943
23,933
32,746
1,216
4,500
2,897
15,958
18, 779
1,416
4,813
3,015
12,409
9,502
1,524
4,268
4,362
13, 203
17, 277
1,676
6,002
4,878
13,491
10, 739
853
3,083
5,673
14, 613
13, 718
729
3,359
5,734
11,328
11, 807
612
3,911
4,687
11. 668
9,942
714
2,188
4,331
8,991
8,748
945
2,256
5,177
60,767
17,477
r 83,371
23,544
100,237
27,925
115,911
33,521
190,150
58,916
327,550
100,230
430,608 253,489
132, 359 78,112
129,890
39, 383
10, 799
11, 339
686
2,581
4,549
59,812
18,152
879,883
5,529
791,221
4,974
925,694
5,621
766,222
4,787
714,012 897,614
5,145
4,389
114,684
74, 214
31,077
73,934
19, 370
19,833
111, 219
72,752
29,250
70,648
19, 375
19,966
116,883
74,585
32,975
73,403
20, 986
20,107
118,132
75,598
33,238
75,390
20,639
20,232
119,933 120,113 120,116 119, 224 121,259 124,000 119,818 128, 993
75, 709 75, 524 74,858 74, 236 76,470 78,700
77, 292 80,229
34,783 35, 072 35, 543 35,266
35,029 35, 368 32, 526 37,782
77,934
77, 576 76, 626 80,329
79,159 82,052 r 79,651 87, 307
20,164 21, 037 18, £54 19, £53 20, 477 20,165
19, 645 32, 532
20,366 20,443 20, 535 20, 657 20,817 20, 954 21,067 21, 206
11,182
10,294
10,667
9,832
11,961
10,982
12,430
11, 473
12,850
11,830
12, 728
11, 731
12,875
11, 734
12, 674
11,616
12, 555
11,461
12, 566
11,493
11. 583
10,436
15,448
14,089
494
888
9,821
614
96
451
835
9,290
667
202
525
980
9,884
1,303
896
510
957
10,298
1,359
879
514
1,020
10,691
1,330
873
498
997
10, 516
637
267
551
1,141
10,965
966
513
499
1,058
10, 758
1,065
568
518
1,094
10,830
782
401
553
1,073
10,809
784
316
533
1,147
10,276
390
734
1,359
12,003
2, 215
1,488
1,290
1,253
1,399
1,348
1,354
1,337
1,386
1,264
1,205
1,316
1,197
1,442
18, 302
18,185
740
16, 977
16, 965
724
36,393
7,143
32, 604
2,555
37, 541
8, 038
30, 371
2,505
578, 071 1,029,648 1,112,293
173,139 292,273 302,025
825,839
4,880
850, 348 797,408
5,074
4,857
840,925
5,138
763, 624
4,776
COMMUNICATIONS
Telephone carriers:
Operating revenues
thous. of doLStation revenues
do
Tolls, message
do
Operating expenses
do
N e t operating income
do
Phones in service, end of m o n t h . . t h o u s a n d s . Telegraph and cable carriers.!
Operating revenues, totalt
thous. of dol._
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol.
Cable carriers
do
Operating expenses!
do
Operating incomef
do
Net incomet
do
Radiotelegraph carriers, operating revenues
thous. of dol._
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
15,264
10,499
10, 558
13, 339
Consumption
thous. of wine gal_.
17,100
15,614
12,461
15,035
Production
do
10,556 ' 13,186 r 12, 652
15,065
10,610
r 15, 678
16,908
15,242
1,465
1,095
Stocks, end of month_.,
do
1,089
1,293
1,468
861
1,313
1,511
Alcohol, ethyl:
24, 224 r 22,029 ' 25, 655
34, 299
33,021
32, 224
Production
thous. of proof gaL
35,757
26,248
11,963
12,166
11,127
Stocks, warehoused, end of month
do
10,117
r 10,392
6,491
11,330
7,108
19, 434
23, 705
19,070
27,830
Withdrawn for denaturing
do
27, 327
22, 789
30,433
27,564
r
3,224
Withdrawn, tax-paid
do_...
3,435
3,071
2,449
2,838
r 1,744
r 2, 736
1,767
Methanol:
7,545
14,283 102, 711
Exports, refined..
.gallons..
94,467
16,668
21, 605
9,340
.58
.34
.34
.34
.44
Price, refined, wholesale (N.Y.).dol. per gal..
.39
.44
.44
Production:
450
435
455
436
Crude (wood distilled)
thous. of gal..
450
487
417
Synthetic....do
3,882
3,618
4,174
4,663
5,006
4,725
5,085
36,080
33,631
35,722
Explosives, shipments.
...thous. of lb_. 36, 720
41, 273
41, 363
39,460
43,676
Sulphur production (quarterly):
Louisiana
long tons..
138,880
130, 090
129,365
Texas
_
do
547, 686
670,063
577,384
Fulphuric acid (fertilizer manufacturers):
Consumed in production of fertilizer
184,149 162,306 177, 376 156,362 176,465 162,334 175,186 163,108
short tons..
(0
Price, wholesale, 66°, at works
16.50
dol. per short ton..
16.50
16.50
16.50
16.50
16.50
16.50
16.50
16.50
16.50
221, 788 226,069 234,026 218,846 217,063 208,884 202, 597 212, 506
Production.
_
short tons..
(c)
Purchases:
From fertilizer manufacturers..
do
32, 570
26,343
25,309
23,215
29,366
24,411
23,050
39,140
(c)
From others
do
38, 659
25, 650
33, 008
30, 922
35, 488
37, 331
48, 587
32, 714
(0
Shipments:
36,116
37,311
39,082
To fertilizer manufacturers
do
33, 319
53,429
52, 535
43, 311
37,670
(c)
81,591
To others
do
69, 514
78,095
67,387
75,117
69, 304
69, 285
75, 664
(c)
Stocks, end of month
do
91,407 100, 338
98,151
93,956
75, 350
78,756
77, 545
71, 795
()
FERTILIZERS
Consumption, Southern States
762
1,365
1,030
518
thous. of short tons..
1,390
104
71
58
258
134
109, 654
94,316
Exports, total§.
_
long tons..
90, 255
74, 715
66, 651 164, 695 295,885 136,503
81,971
9,336
11, 031
Nitrogenous§
do
10, 674
16, 748
11, 688
6,014
15, 675
17, 783
13,196
76,333
Phosphate materials§
do
87, 698
74,162
49,481
48, 265 141, 557 270, 646 105,919
74,082
Prepared fertilizers
do
498
465
686
1,580
2,311
201
317
407
2,879
95,474 152, 323 120, 330
Imports, total§.._
_
do
87,115
74, 439
33, 638
99, 673
69, 096 118,139
92, 203 134,290 106, 737
81,085
Nitrogenous, total
do
32, 591
70,036
62, 840
67, 406 108,759
40, 254
34, 332
84,337
Nitrate of soda
do
89, 565
42,134
27, 341
16,350
32,148
67, 594
2,112
1,086
Phosphates
..do
353
3,551
1,194
25
303
457
780
2,765
14,110
Potash§
do
1,436
1,891
1,512
8,307
3
20
5,951
'Revised.
<* Deficit.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
°b Publication of detailed foreign trade statistics and data on clearances of vessels in foreign trade has been discontinued for the duration of the
Data
are
no
longer
available
for publication.
c
Collection of data in this form has been discontinued beginning with September 1941.
f Revised series. Data for telegraph and cable carriers revised beginning 1934, see table 48, p. 16 of the November 1940 Survey.
)
.54
.54
502
5,416
42,629
529
5,104
37,486
557
5, 663
38,879
135,285
802, 576
16.50
168
C)
i
16.50
186
267
S-22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the January
1940 Supplement to the Survey
March 1942
1941
January
February
March
April
May
June
Tnlv
July
Anemt SeptemAugust
ber
October
Novem-1
j Dccei
b(?r
bor
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS—Continued
Price, wholesale, nitrate of soda, 95 percent
(N Y )
dol. ner cwt
short tons..
Potash deliveries .
Superphosphate (bulk):
do
Production
do
Shipments to consumers
do
Stocks end of month
NAVAL STORES
Rosin, gum:
Price, wholesale " H " (Savannah), bulki
dol. per 100 lb..
Receipts, net, 3 ports
bbl. (5001b.)__
do
Stocks, 3 ports, end of month
Turpentine, gum, spirits of:
Price, wholesale (Savannah). ....dol. per gal.,
Receipts net 3 ports
bbl. (50 pal.)
do
Stocks, 3 ports, end of month
1.503
1.470
51, 502
1.470
29, 802
1.470
24, 477
1.470
13, 232
1.470
58,228
408,192 384, 548 435, 675
55, 997 110,438 183, 560
1,264,881 1,202,767 1,074,842
397, 497
373, 846
777,152
419,411
165, 359
770, 723
373,864
68,813
808, 741
383 499 379, 267 364 505 413 240 419 946 487 558
65,150 130, 906 129,293
52 317
87 581
80 113
914, 302 978,014 1,022,410 1,051,966 1,050,633 1,049,268
2.13
33, 706
461,157
1.470
35, 536
3. 16
1.73
17,906
560,045
1.65
11,941
542,446
1.78
9,996
523, 594
1.87
19,337
505, 860
1.87
35, 635
490,186
1.88
31,069
483, 751
.70
.42
3,027
35,421
.39
2,158
33,906
.39
4,682
23,682
.42
6,358
25, 022
.43
8,198
27,318
.42
10, 064
31,978
1.470
41, 094
.47
8 482
36,617
1.470
48, 882
1.494
39, 943
1.503
56, 039
1,503
53, 646
1 503
59, 897
2.45
29, 886
428, 945
2.49
29, 282
419, 979
2.44
24, 526
372,983
2.64
34, 516
297,168
2. 8!>
34, 037
270, 383
.67
10,066
34, 339
.76
10, 755
36, 669
.78
10, 942
26, 389
. 70
5 999
18, 955
. 73
19 231
15,070
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (qua rterly):}
Animal fats:
Consumption, factory
thous. oflb
do
Production
do
Stocks end of quarter
Greases:
Consumption, factory
do
Production
do
Stocks end of quarter
do
Shortenings and compounds:
do
Production
Stocks end of Quarter
do
Fish oils:
do
Consumption factory
do
Stocks end of quarter
do
Vegetable oils, total:
Consumption, crude, factory quarterly) t
mil oflb
thous of lb
Exports
do
Imports, total§
do
do
All other vegetable oils§
Production (quarterly) t
mil oflb
Stocks, end of quarter:!
do
Crude
do
Refined
Copra:
Consumption, factory (quarterly)t short tonsImports
do
Stocks end of quarter t
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterlv)t
.- . thous. of lb
Refined (quarterly)t
do
In oleomargarine
. .
do
InrnortsS
do
Production (quarterly):J
do
Crude
Refined
do
Stocks, end of quarter:%
do
Crude
. . do
Cottonseed:
Consumption (crush)...thous . of short tons.Receipts at mills _ . . . _
Stocks at mills end of month.
do
Cottonseed cake and meal:
ExOOrtsS
short tons
do
Production
do
Stocks at mills, end of month.
Cottonseed oil, crude:
thous. of lb
Production
do
Stocks, end of month _
Cottonseed oil, refined:
Consumption, factory (quartei"ly)t
do
do
In oleomargarine
Price, wholesale, summer, yellow, prime
dol. per lb_(N. Y.)
Production
thous. of lb
Stocks, end of month.
.do—
Flaxseed:
Imports
- .-thous. of bu
Minneapolis:
do
Receipts
do
Shipments
.
d
o---.
Stocks
Duluthdo
Receipts
do
Shipments - - -- -- ..
Stocks
do
Oil mills (quarterly):
Consumption %
do
do
Stocks end of quarter
Price, wholesale, No. 1 (Mpls.)--dol. per bu..
Production (crop estimate)
thous. of bu--
8,758
51,320
1,239
50, 081
37, 275
61,097
437
60, 660
291,452
617,500
623,896
337,010
644,024
684,475
338. 647
585, 293
504, 968
350 7 9 2
701 446
461 497
104,910
120,557
130, 401
126,155
127,989
116,452
121,155
124, 006
103,068
118 673
140 891
10T 83 ^
355,698
46,417
410,382
45,967
327,615
50 474
315 707
53, 351
45, 542
15,846
157, 223
54,554
6,271
123, 661
50 018
83 140
162, 659
189 916
1,096
12,685
57,672
4,626
53, 046
1,059
11, 246
82, 135
4,536
77, 599
11,017
59, 559
5,466
54, 093
914
637
34, 294
2,146
1,280
22,157
16, 271
1,296
32, 207
69, 423
20,199
34,851
161,405
61,126
1,424
25, 831
1,027
11,437
53,087
3,511
49,576
762
4
69
8
61
729
615
557
058
7.185
94, 756
1.519
93, 237
660
497
18, 672
1,381
41,155
26,872
1,468
28,273
64,550
24,943
28,109
788
7, 428
93,221
1,114
92,107
723
i, ino
(b)
1.205
902
450
700
300
17, 259
184,118 . . . . . . . . .
68,904
1, 435
2,474
26,884
30, 973
25, 487
2,421
46, 369
56 403
33, 766
36,413
187, 302
73,983
3,574
44, 695
04 993
(b)
33, 789
4,680
4,198
184, 737
79, 028
4,153
86, 251
80, 703
81,054
90,962
70 444
93,710
80, 306
97, 404
209, 940
15, 550
176,381
15,064
186, 290
16,994
178, 463
10, 248
cO5
301
1,293
474
218
1,037
560
363
1,076
456
222
841
374
150
618
302
86
401
185
51
267
121
44
190
79
19
131
107
105
129
419
1,040
749
669
1,264
1,344
586
679
1,437
206, 817
370, 564
91
248, 428
215, 841
54
202, 397
253, 963
6
165, 087
245, 397
31
133, 762
256, 406
21
84, 306
254, 729
114
52, 976
224, 275
1
35, 503
64, 444
53
46,186
131,618
102
180,929
174,385
294,821
291,815
255,608
356, 670
222,533
380, 306
146, 676
181, 533
179, 349
176, 939
147, 595
177, 509
123, 083
167, 475
102, 221
126, 142
65, 538
94, 710
42, 978
51, 961
26, 288
29, 708
33, 779
32,107
129, 499
79, 584
208, 538
133, 228
178, 276
159, 259
154, 450
109,998
14, 427
13,450
11,626
350, 747
13,142
12, 896
11,444
402,720
10,816
.137
119, 457
322, 972
.064
172, 826
483, 096
.062
143, 760
507, 344
.071
125, 702
505, 997
.086
130, 735
476, 030
.105
96, 635
423, 397
.115
76, 620
372, 756
.118
49, 627
294, 005
~" 10," 131
.119
32.828
234, 242
287, 001
14,129
317,273
12, 525 ""l3," 708"
.136
63, 536
178, 724
r
.129
143, 761
203, 544
.124
142, 251
273, 448
r
. 131
130,112
314, 330
1,482
1,285
1,223
1,286
1,177
866
1,051
1,139
1,853
1,292
311
3,430
476
71
4,739
414
133
3,952
718
74
3,620
643
139
2,743
721
140
2,299
805
185
1,885
722
161
1,107
8,323
297
3,864
3,682
412
4,773
1,777
120
4,714
742
67
4,443
002
101
3. 897
17
36
1.386
168
11
275
159
1
434
159
593
193
168
619
' 178
416
381
165
310
236
219
207
247
348
109
485
1,252
319
1,418
1,000
481
1,937
192
438
1,691
180
467
1,404
2.23
1.78
10, 228
4,159
1.80
1.93
1.87
9,386
3,501
1.87
1.89
12,175
12, 385
1.99
1.87
1.84
13, 005
12, 557
2. 00
i 31, 485
1.75
1.92
S-23
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
April
May
June
July
Dece nAugust SeptemOctober November
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Linseed cake and meal:
Exports§
thous. oflb..
Shipments from Minneapolis
do
Linseed oil:
Consumption, factory (quarterly)if
do
Price, wholesale (N. Y.)
dol. per lb_.
Production (quarterly)
thous. of lb_.
Shipments from Minneapolis
do
Stocks at factory, end of quarter!
do...
Oleomargarine:
Consumption (tax-paid withdrawals)0-do . _.
Price, wholesale, standard, uncolored (Chicago)
dol. per lb_.
Production®
thous. of lb_.
Vegetable shortenings:
Price, wholesale, tierces (Chi.)._.dol. per lb
PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
thous. of dol.
Plastic paints
do...
Cold-water paints:
In dry form
do
In paste form
do
Paint, varnish, lacquer, and fillers:
Total
deClassified, total
do__.
Industrial
do
Trade
do___.
Unclassified
do--_
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption
thous. of lbProduction
do_._
Shipmentse?
do.-_
Cellulose-acetate:
Sheets, rods, and tubes:©
Consumption
thous. of lb.
Production
do_._
Shipments e?
do_._
Moulding composition:
Production
do...
Shipments^
do___
ROOFING
Asphalt prepared roofing, shipments:
Total
thous. of squares.
Grit roll
do._.
S h i n g l e s (all t y p e s )
S m o o t h roll
d
d
51,840
.113
~22~666'
35, 8 4 8
1,512
44,400
.095
"l4,"350"
34
30, 760
.095
~l4,~950"
2
27,800
106, 787
.099
196, 281
18, 9 0 0
192, 850
1,201
30,680
.107
813
20, 240
.108
392
22, 360
143,100
.108
183,309
21,050
150,936
907
.113
914
32,120
.112
~24,~366~ ~ 2 1 ~ 5 0 6 ~
1,740
45,840
141,913
.114
236,744
21,900
161,255
()
37, 400
.108
34,
360
53,760
146,147
.101
.108
251,723
15,750 jt 17,950
198,579
~21~666"
~20~ 300'
• 33, 841 - 2 7 , 8 7 1 r 3 4 , 3 3 2
• 30, 583
' 26, 8 5 7
• 25, 719
25,909
25,174
33,095
33, 9 3 2
32,147
33,754
.125
r 33, 8 9 8
.130
• 32, 200
.130
• 27, 695
.133
• 25, 0 8 9
.140
27, 365
.140
24,803
.140
33,124
.140
34,060
.140
32, 503
.145
34,638
~2i,"350"
.154
35,071
.118
34,030
.164
.094
.094
.097
.111
.124
.133
.143
.145
.153
.153
.156
190
47
208
35
182
43
301
43
342
55
233
60
202
53
178
51
183
57
195
67
161
40
217
47
185
428
146
294
159
279
202
376
266
483
513
262
392
246
389
224
359
279
462
253
471
210
278
175
496
33,408
24,609
12, 2 0 6
12,403
8,799
32, 538
24,013
12,177
11,837
8,525
541
245
752
493
296
50,029
35,160
15, 2 4 6
19,914
14, 8 6 9
56,055
40,636
16,337
24, 299
15, 4 1 9
52,112
37,395
16,688
20, 707
14, 7 1 7
46,809
33,705
15,872
17,833
13,104
46,807
33,575
15,868
17,707
13,233
48,354
33,981
15,071
18,910
14, 373
49,103
34, 786
16, 8 2 3
17, 9 6 2
14,317
39, 789
28, 779
14,914
13,865
11,010
40,05028,582
15,140
13, 442
11,468
272
1,618
1.755
185
1,167
1,112
230
1,132
1,145
249
1,308
1,233
217
1,420
1,267
215
1,372
1,315
242
1,387
1,475
229
1,309
1,353
243
1,437
1,510
284
1,479
1,565
252
1,521
1,630
268
1,483
1,569
269
1,485
1,658
24
585
528
7
617
675
3
344
335
10
465
373
12
402
408
14
524
472
18
513
523
14
507
541
17
573
580
19
585
622
21
630
712
22
558
609
23
501
534
3.789
3, 5 9 7
1,632
1,584
1,879
1,642
2,232
1,991
2,255
2,102
2,319
2,146
2,457
2,264
2,467
2,346
2,670
2,506
2,991
2,813
3,439
3,453
2,979
2,777
3,397
3,165
2,249
2,515
811
690
1,014
3,105
801
1,038
1,266
3,141
806
1,255
1,080
3,753
987
1,564
1,202
3,570
981
1,436
1,153
4,062
1,178
1,549
1,334
3,981
1,157
1,543
1,281
4,146
1,227
1,535
1,385
4,737
1,345
1,724
1,668
3,825
1,070
1,315
1,441
3,033
813
955
1,265
o . . .
o . _ -
533
828
.120
• 28,108
38,
28,
13,
14,
10,
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total #
mil. of kw.-hr_.
By source:
Fuel
do-.-.
Water power
..do
By type of producer:
Privately and municipally owned electric
utilities
.mil. of kw.-hr
Other producers._ _ _ do _.. Sales to ultimate customers, totalf (Edison
Electric Institute)
mil. of kw.-hr..
Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power
do
Large light and power
do
Street and highway lighting.-.
do
Other public authorities
...do
Railways and railroads
do
Interdepartmental
do
Revenue from sales to ultimate customerst
(Edison Electric Institute)
thous. of dol
GAS
Manufactured gas: |
Customers, total
thousands
Domestic
do
House heatingdo
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
15,651
13, 641
12, 293
13, 095
12,885
13,616
13, 671
14, 226
14,540
14,348
15, 236
14, 481
r 15, 639
11,051
4. 600
9,054
4,587
8,381
3,912
8,706
4,388
8,051
4,834
9,363
4,253
9,614
4,056
9,838
4,388
10,610
3,930
10,351
3,997
11,034
4,202
10, 395
4,086
r11,148
r 4, 491
14, 110
1,541
12, 311
1,330
11,027
1,266
12,061
1,034
11,575
1,309
12,105
1,511
12,173
1,498
12, 742
1,484
13,037
1,503
12,874
1,473
13,678
1,558
13,050
1,431
14, 215
r 1, 424
11, 382
2,396
130
10,801
2,195
123
10,895
2,060
117
10, 809
1,990
131
11,080
1,904
148
11,385
1,909
231
11,629
1,927
283
12,081
1,969
329
12,122
2,032
297
12, 363
2,092
226
12, 289
2,266
170
12,753
2,393
148
2,126
5,616
215
254
580
65
2,009
5,456
185
251
519
63
1,924
5,750
179
248
553
64
1,927
5,821
160
241
485
54
1,914
6,194
146
243
482
50
1,980
6,385
138
240
461
40
2,045
6,474
140
247
472
41
2,131
6,724
154
259
473
40
2,120
6,747
170
250
467
39
2,100
6,934
193
275
501
42
2,163
6,653
206
281
503
47
2,189
6,867
224
301
569
63
228,159
217,629
212,603
210,078
209, 707
215,010
217, 685
223,561
225, 751
228, 833
233, 963
239, 461
10,106
9,350
282
465
37, 950
17,312
9,608
10,791
10,149
9,383
294
463
38,046
16, 997
10,095
10, 704
10,119
9,354
280
473
38,025
16, 866
9,453
11,457
10,142
9,362
295
473
35, 347
16,297
6,981
11,857
10,404
9,620
304
468
32,666
16,615
4,256
11, 596
10, 253
9,481
292
469
30,290
16,887
2,149
11,085
10,284
9,522
283
468
27,672
15, 510
1,341
10,628
10,309
9,544
283
470
26,896
15,008
1,101
10, 631
10, 390
9,608
307
466
29,022
16,633
1,198
11,009
10, 405
9,606
332
456
31, 622
17, 332
2,385
11,671
10,416
9,606
351
450
35,483
15,760
7,444
12,011
35,157
21,988
6,107
6,918
35,166
21, 247
6,784
6,987
34, 489
20, 851
6,419
7,055
32, 651
20,993
4,399
7,111
31,974
22, 398
2,507
6,941
30, 573
22,174
1,632
6,665
28,260
20,697
1,078
6,392
27,740
20, 319
920
6,391
29,835
21,967
1,114
6,644
31, 796
22, 653
1,937
7,066
33, 606
21,869
4,242
7,332
* Revised.
^Revisions for quarters of 1940 not shown in the December 1941 Survey will be shown in a subsequent issue.
• See note "«"' on p. S-22.
§Data revised for 1939; see table 14, p. 17, of the April 1941 Survey. ©Data revised beginning July 1939, see note marked with a " J" on p. 40 of the April 1941 Survey.
d"Includes consumption in reporting company plants. ^Excludes consumption in reporting company plants.
•Monthly data for 1920-39, corresponding to averages shown on p. 97 of the 1940 Supplement, appear in table 28, pp. 17 and 18 of the December 1940 Survey: revised
data for all months of 1940 are shown on p. 41 of the June 1941 Survey.
©Beginning with February 1941, data do not include cellulose acetate safety glass sheets.
fRevised series. Manufactured gas revised beginning January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and revenue from sales
beginning 1937 will be shown in a subsequent issue.
S-24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1943
January
March 1942
1941
January
February
March
April
May
June
July
August September
October
Novem- [December i ber
ELECTRIC POWER AND GAS—Continued
GAS—Continued
Natural gas:f
Customers, total
thousands..
Domestic
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft._
Domestic.
do
Ind'l, com'l, and elec. generation.
do
Revenue from sales to consumers, total
thous. of dol..
Domestic
.
do
Ind'l, com'l, and elec. generation
do
7,802
7,824
7,829
7,764
7,773
7,848
7,810
7,862
7,922
8,152
7,991
7,252
7,170
7,182
7,223
7,216
7,250
7,293
7,316
7,374
7,425
7,534
591
589
599
592
576
548
552
544
546
564
615
151,963 157, 611 156, 230 141,480 120, 558 110,983 110,694 111, 583 115,945 127, 795 144, 111
21,124
54,973 56,914
54,887 43,690 28,971
18,357
16, 876 17,894 22, 515 37,138
95,184 98,440 85,084 96, 716 89,459 87, 481 90,226
91,862 95,357 102, 575 104,246
56,464
34,885
21, 321
57,356
35,086
21, 920
56,232
33, 907
21, 960
48,911
28, 328
20,424
39, 030
20, 649
18,101
33, 761
16, 372
17,113
32,025
14, 504
17,174
31, 480
13, 573
17, 564
32,231
13,865
18,045
36,844
16, 934
19, 583
46, 553
24,711
21,468
4,989
4,920
8,207
3,842
4,074
7,783
4,421
4,521
7,446
30, 667 20, 768
10, 505 11,108
(°)
555, 462 558,967
18,778
8,586
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
3,903
4,432
Production
thous. of bbl
3,240
3,970
Tax-paid withdrawals
do..
7,487
7,672
Stocks
do..
Distilled spirits:
Production
thous. of tax gal._ 18, 535 15,702
6,040
9,233
Tax-paid withdrawals
,...do_.
576
Imports
thous. of proof gal
Stocks
thous. of tax gal.. 574,937 530,863
Whisky:
13,220
13,088
Production
__._do__.
5,017
6,519
Tax-paid withdrawals
..do_.
510
Imports
thous. of proof gal
Stocks
thous. of tax gal.. 516,456 486,132
Rectified spirits and wines, production, total
3,119
6,006
thous. of proof gal..
2,535
4,627
Whisky
do..
Indicated consumption for beverage purposes:
8,056
All spirits
thous. of proof gal
7.068
Whisky...
do..
Still wines:
2,087
Production
thous. of wine gal
Tax-paid withdrawals.
.do..
120
Imports
...do..
157,706
Stocks.._
do_.
Sparkling wines:
Production...
do..
Tax-paid withdrawals
do..
10
Imports
do..
Stocks
do..
512
4,466
3,814
5,170
4,557
8,645
5.844
5,385
8,848
6,126
5,678
9,038
6,554
6,268
9,026
5,913
6,055
8,605
5,291
5,240
8,384
15,135
6,963
630
536,917
15, 514
8,450
879
541,931
14, 726
8,027
1,052
547,018
14, 732
9,722
1,535
549,979
12,521
9,281
860
551, 424
11, 075
8,992
727
551,435
9,881
10,092
855
549,275
21,201
11,969
1,549
547, 678
12, 658
5,823
568
491,301
12,643
6,619
812
495, 735
11,860
6,147
991
500,097
12, 025
7,531
1.448
503,040
9,560
7,210
788
504,081
7,764
6,606
653
503,567
6,571
9,424
7,104
9,212
111
1,423
501, 587 499, 503
3,387
2,838
4,211
3,380
4,399
3,417
5.195
4,224
5,393
4,348
5,415
4,321
5,789
4,807
5,871
4,715
9,116
8,108
11,345
0,547
10. 909
9,209
13,500
11,632
12, 686
10, 726
12, 248
10,084
13,028
11,017
15,549
13, 561
1,667
6,984
107
150,753
857
7,933
141
143,154
1,709
8,051
134
135,310
1,365
7,270
158
128,003
1,636
7,843
125
117,887
2,663
7,580
169
111,570
9,375
7,018
90
106,377
95,884
10,123
132
136,457
63
34
7
539
50
35
6
551
141
40
7
647
151
52
7
744
119
59
6
794
95
61
5
811
71
4
817
77
112
11
761
3,218
7,801
13, 834
7,602
(a)
504, 041
567, 403
11,828
8,143
13, 632
6,832
557
511,211
5,943
5,040
4,583
3,772
54,135
130,886
8,832
8,546
(°)
193,
275
183, 015
111
118
137
124
(°)
748
11,851
10,633
6,330
5,167
505,
183,560
114
150
DAIRY PRODUCTS
Butter:
147,631
157,594
179,199
155,316
143,712
138,530
Consumption, apparent!
thous. of lb_.
149,586
150,700 147, 007
.31
.32
.36
.33
.31
.35
.35
.36
.35
Price, wholesale, 92-score (N. Y.)-dol. per lb..
.36
.36
.37
.36
Production, creamery (factory)f-thous. of lb._ 121,395 135,895 130,635 150,180 164,250 217,985 213,030 196,955 172,500 149, 715 136, 405 115,160 117,865
56,582
74,366
59, 565
53,126
62,342
48,149
Receipts, 5 markets
do
47,393
73,993
60,942
78, 217
55, 666
53,025 43, 433
Stocks, cold storage, creamery, end of month
56, 792 120, 246 178,493 200, 228 202, 957 186, 635 152, 484 •114,436
8,983
16,462
17, 795
thous. of lb-_ 83, 205 29, 715
Cheese:
72,224
82, 568
55,676
74, 250
58,055
57,130
66, 496 66, 765
Consumption, apparent!
--do
70, 289
1,544
2,114
1,922
2,290
2,094
1,871
1,437
Imports§
do
1,758
1,464
Price, wholesale, No. 1 American (N. Y.)
.21
.18
.19
.24
.17
.22
.17
.26
.24
.26
dol. per Re.26
61, 460
49, 720
71, 070 98, 210 105,610
95,100 87, 510 82, 500 ; 78, 300 67,650
69,340
50,120
production, total (factory)t
thous. of lb._ 69,850
46,070
55, 265 78, 860 86,165
77,895
52,945
56,075 36,910
37,120
71, 520 66,900
62, 240 51,660
American whole milkf
do
16,139 21, 551
15,122
15,166
11,894
14,356
10,894
22, 212 15,634
15,784 13, 648
13, 542
18,097
Receipts, 5markets
do
161, 685 125, 308 119, 381 109,893 108, 335 119, 718 142, 369 168,420 184,840 188, 337 188, 727 189,002 •201,613
Stocks, cold storage, end of month
do
97,496
94,602 102,869 121, 064 139,568 151,906 156, 746 157,468 158, 238 • 171, 869
134, 375 109,820 105,153
American whole milk
do
Condensed and evaporated milk:
Exports:§
(a)
8,292
5,020
7,822
3,637
4,235
7,333
7,111
8,865
6,300
Condensed (sweetened)
do
4,162
19, 366 43, 383
8,743
7,773
7,178
60,153
40,687
45,875
E vaporated (unsweetened)
do
()
Prices, wholesale (N. Y.):
5.00
5.00
5.00
5.00
5.00
5.48
5.90
5.90
5. 40
5.90
5.80
5.40
5.56
Condensed (sweetened)
dol. per case..
3.20
3.20
3.43
3.20
3.23
3.85
3.45
3.60
3.85
3'. 85
3.85
3.70
3.85
E vaporated (unsweetened)
do
Production, case goods:t
6,998
9,355
9,923
8,126
8,601
10.130
7,086
3,079
6,530
9,745
9,793
7,999
8,017
Condensed (sweetened)
thous. of lb._
258, 203
Evaporated (unsweetened)
d o — 310,952 170,879 167,714 205, 322 252, 692 350,513 331,337 298,120 292,597 282,309
Stocks, manufacturers', case goods, end of mo.:
7,810
7,340
10, 327 10,009
12,024
7,274
7,228
9,783
6,428
11, 245 11,906
10,494
10,062
Condensed (sweetened)
thous. of lb__
E vaporated (unsweetened)
d o — 252,532 189,246 176,624 136, 073 126,160 173,838 189, 711 261,559 289,904 339, 716 382, 605 417, 643 328, 393
Fluid milk:
5,101
6,414
5,764
6,016
4,919
6,227
4,627
6,049
6,113
5,348
6,230
4,582
6,044
Consumption in oleomargarine
do
2.32
2.26
2.66
2.26
2.27
2.26
2.27
2.29
2.60
2.70
2.73
2.40
Price dealers', standard grade-dol. per 100 lb..
2.49
Production (Minneapolis and St. Paul)
40,605
44, 972
35,194
44,477 49, 501 42, 475
35,932
27,159
29,018
39,248
30,658
thous. of lb.25,972
Receipts:
21,802 20,842
20,348
21, 598
22, 769
18, 754
21,353 22,480 22,179
21,162
22,027
Boston.
.thous. of qt-_
21,895
128,272 115,883 131, 556 127,288 132,704 132, 294 131,958 127, 050 132, 725 135,906 126,453 130,314
Greater New York
do
Powdered milk:
1,390
7,005
4,155
1,770
1,415
2,277
6,336
1,631
2,760
Exports
..thous. of lb-.
<)
26, 375
27,345 24, 394 21, 564
25,171
25, 770
32,475
37,282 49,212 43, 867
35,231
30,059
Production!
do
36,036 36,676 37, 231
26,975
20,156
35,927
36,831
34,108
33,351
31, 705
Stocks, manufacturers', end of month ..do
21, 470 18,732
' Revised. §Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
o The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
fData on natural gas revised beginning 1929; earlier data will appear in a subsequent issue. Data for the indicated series on dairy products revised for 1939 and 1940; for
revised 1939 data on production of condensed and evaporated milk, see note marked "f" on p. 42 of the January 1941 Survey; revised 1939 data for butter and cheese production
and consumption, superseding figures shown in the January 1941 Survey, appear in table 26, p. 26 of the September 1941 Survey; for revised 1940 data, see note marked " t "
on p. S-24 of the December 1941 Survey.
March 1942
S-25
SURVEY OF CURRENT BUSINESS
1941
Monthlr statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
February
March
April
May
June
July
August
SeptemDecemOctober Novem-j
ber
b e r
ber
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)!
thous. of bu_.
3,704
Shipments, carlot
no. of carloads.Stocks, cold storage, end of mo.-thous. of bu_. 20,106
Citrus fruits, carlot shipments..no. of carloads.. 20, 32S
2,660
Onions, carlot shipments
do
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 R e 2,638
production (crop estimate)
thous. of bu._
Shipments, carlot
no. of carloads.- 21, 738
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and
meal§._
_
thous. of bu._
Barley:
Exports, including malt§
do
Prices, wholesale (Minneapolis):
.87
No. 2, malting
_
_dol. per bu_No. 3, straight
_
do
Production (crop estimate)
thous. of bu._
8,827
Receipts, principal markets
...do
Stocks, commercial, end of mo
__do
9,681
Corn:
Exports, including meal§
do
Grindings
_
_
do
' 10,118
Prices, wholesale:
.82
No. 3, yellow (Chicago)J
dol. per bu._
.90
No. 3, white (Chicago)
do
.78
Weighted avg.. 5 markets, all grades..do
Production (crop estimate)
thous. of bu_.
29,494
Receipts, principal markets
_,.do
16,280
Shipments, principal markets
do
50, 311
Stocks, commercial, end of month
_do
Oats:
Exports, including oatmeal§
_._do
Price, wholesale, No. 3, white (Chicago)
.58
dol. per bu__
Production (crop estimate)
thous. of bu_8,519
Receipts, principal markets
do
8,625
Stocks, commercial, end of month
do
Rice:
Exports§
pockets (100 lb.)_.
Imports
do
Price, wholesale, head, clean (New Orleans)
dol. per lb_Production (crop estimate)
thous. of bu._
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
1.148
thous. of bbl. (1621b.).Shipments from mills, milled rice
1,700
thous. of pockets (100 lb.)_.
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
2,508
thous. of pockets (100 lb.)_.
California:
465,182
Receipts, domestic, rough...bags (100 lb.)._
137, 749
Shipment from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo .-bags (100 lb.)._ 343,001
Rye:
Exports, including
flour
thous. of bu-Price, wholesale, No. 2 (Mpls.)-.dol. per b u . .
."80
Production (crop estimate)
thous. of bu~.
2,115
Receipts, principal markets
do
Stocks, commercial, end of month
do _. 16, 785
Wheat:
Disappearance
do
Exports, wheat, including
flour§
do
Wheat only§
_
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
1.28
dol. per bu_1.34
No. 2, Red Winter (St. Louis).
do
1.26
No. 2, Hard Winter (K. C.)
do.-.
1.20
Weighted av., 6 markets, all grades..do
Production (crop est.), total
thous. of bu__
Spring wheat
do
Winter wheat
do
10, 471
Shipments, principal markets
do
Stocks, end of month:
465,608
Canada (Canadian wheat)
do
United States, total.
do
"258,"570
Commercial
do
Country mills and elevators.
.do
Merchant mills
do
On farms
do
Wheat flour:
Disappearance (Rus'l-Pearsall).thous. of bbl-.
Exports§
do
Grindings of wheat
thous. of bu. - 43, 611
Prices, wholesale:
6.48
Standard patents (Mpls.)
dol. per b b L .
5.86
Winter, straights (Kansas City)
-do
Production:
9,532
Flour, actual (Census)
thous. of b b L .
63.5
Operations, percent of capacity
Flour (Russell-Pearsall)
thous. of b b l . .
756,"
199
Offal (Census)
thous. of l b . .
Stocks* total, end of month (Russell-Pearsall)
thous. of b b l . .
Held by mills (Census)
_
do..
4,219
'23,016
20,050
1,867
4,284
17,070
15,604
1,569
4,218
10,529
18, 541
1,763
2,720
16,937
920
2,718
2,316
19,869
2,762
936
0
14, 956
2,089
676
0
12,219
1,013
0
10,307
1,671
5,058
10,351
6,953
3,679
10,811
31,321
10,316
3,506
6,216
31,181
23,835
2,445
1.481
1.531
1.488
1.590
1.700
2.363
1.970
1.806
1.845
1.944
2,163
17, 552
17,676
25, 762
18,442
22,655
19,546
13,820
8,273
11,087
16, 515
13,996
2,812
3,279
4,244
5,291
5,983
3,330
4,042
5,037
9,116
109
166
162
123
263
232
178
574
284
.54
.53
.50
.51
.51
.51
.55
.52
.58
.54
.67
.52
.51
.45
.55
.51
.69
.69
.55
.77
.68
6,496
8,195
6,357
7,335
6,510
6,561
5,442
5,157
9,598
4,726
7,838
4,931
6,028
5,471
10,468
5,514
14,111
6,977
9,116
7,757
13,239
8,739
786
8,079
558
7,219
40
8,811
175
9,549
1,016
9,194
295
9,421
1,370
8,736
1,211
9,514
2,834
9,676
C)
* 9, 256
3 8, 653
.64
.69
.62
.66
.58
.70
.62
.72
.67
.72
.78
.69
.74
.82
.71
.74
.85
.71
.75
.84
.74
.75
.81
.73
.70
.75
.67
16, 433
9,050
70, 278
13,862
7,091
70,142
18,628
9,280
71, 290
17,403
14,012
65,463
24,846
22,133
60,959
19,244
19,098
53,106
22,123
22,712
43,701
18,776
15,124
40,090
27,496
20, 555
39,137
24,041
17,099
40,135
24, 354
15, 847
39, 835
70
274
113
224
.37
138
131
92
82
.39
.37
.37
.36
.37
.46
.44
.48
6,720
11, 562
7,052
11,030
.82
'.68
358,709
12,190
10,002
3
8, 579
.76
.83
.72
2,672,541
28,107
13,193
47,946
.53
11,176,107
7,947
9,473
3,543
5,664
3,050
4,745
4,567
4,077
4,539
4,473
3,854
4,571
3,396
3,906
10, 575
7,328
14,607
11, 771
10,414
13,427
350,908
8,421
423,116
7,933
377,894
7,282
440,030
17,970
382,981
23,168
320,939
9,173
212,497
25, 095
262,096
23,418
224, 709
4,709
.039
.040
.042
.048
.049
.048
.047
.044
.041
.043
.049
.064
54, 028
722
415
171
99
72
312
650
2,191
2,321
2,099
1,135
1,182
1,131
837
703
463
548
822
1,278
1,425
1,772
1,288
1,431
C)
3,307
2,675
2,050
1,457
1,086
861
1,683
2,627
3,007
342,635
226,943
447,277
213,216
468,937
209, 425
538,282
395,017
306, 280
112,137
245, 555
73, 348
294,815
76,762
114,059
70, 463
263,460
131,856
316,495
378, 554
260,941
431,886
378,074
378,179
400,577
290, 223
294,262
316, 791
374, 789
334, 340
354, 827
247, 542
210, 534
(<)
.53
)
.50
(<)
.52
(*)
.57
(<)
.58
W
.57
(«)
.55
2
.62
.68
(•)
.60
.64
3,758
11,077
6,944
14,637
4,944
17, 243
2,603
17, 504
2,150
17,645
2,413
30
3,137
178,704
5,767
3,771
C)
C)
1.00
1.03
1.06
1.08
1.07
1.05
1.14
1.16
1.14
1.12
17,637
14,086
16, 394
14,752
452,018
1,156,121
246," 702" 274,~666" 284,920
223, 975
154,902
492, 324
476, 307
473,995
4,035
264,783
81,855
6,223
337
5,462
792
5,269
961
4,951
3,282
5,486
2,490
5,639
~1,~864"
46
2,484
56
176,427
3,768
1,998
4,855
1,246
4,572
1,414
158,188
2,711
106
.90
.90
.85
.89
.95
.93
.87
.90
.85
.78
.81
1.01
1.02
.97
1.10
1.13
1.12
1.02
10,025
8,085
9,432
11,716
17,114
26, 611
30,987
445,153
442,408
439,533
428,235
152,598"
139,119
139,513
429, 565
408,115
151,896
73,240
93,882
89,097
432,504
161,088
438,973
545,574
141,897
131,247
76, 675
195,755
9,061
387
40,000
8,063
517
36,575
377
39,792
8,531
768
40,899
8,843
672
39,045
554
38, 819
9,765
507
40,625
8,293
504
39,123
10,545
425
43,247
4.70
4.09
4.54
3.58
4.85
3.71
5.01
3.93
5.32
4.32
5.42
4.77
5.42
5.06
5.76
5.36
6.00
5.63
8,818
58.0
9,248
690,728
60.3
8,505
630,124
8,764
57.9
9,043
686,551
9,002
59.5
9,374
706,944
8,596
56.8
9,470
675,411
8,552
58.9
9,090
669,141
8,918
59.3
10,332
703, 201
57,2
9,047
674,351
9,495
65.8
11,170
745,899
62.2
10, 553
766, 313
5,500
5,425
5,900
3,923
5,225
5,250
5,400
4,001
'
5,450
438,088
5,700
5,900
4,586
i 45,191
2,475
17,474
r
164, 501
1.14
1.17
1.13
1.06
1.23
1.27
1.20
1.15
945,937
274,644
671,293
14, 579
280," 588" 276,260
471,492
987, 607
270, 835
207,351
135,601
373,820
44, 251
37, 560
42,403
5.75
5.48
5.88
5.44
6.30
5.74
8,216
59.6
9,283
61.8
650,110
732, 746
6,000
1
J
3
" Revised.
December 1 estimate.
Revised estimate.
For domestic consumption only, excluding grindings for export.
« Less than 500 bushels.
« See note " ° " on page S-26.
§ Data for 1939 revised; see table 14, p . 17 of the April 1941 Survey.
^Production in "commercial areas." Some quantities unharvested on account of market conditions are included.
JFor monthly data beginning 1913, corresponding to monthly averages shown on p . 105 of the 1940 Supplement, see table 20, p . 18 of the April 1940 Survey.
2,330
357,783
13, 803
C)
.71
.78
.66
53
126,076
4,936
' 25,732
16,964
1,857
"3,961
S-26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Janu1940 Supplement to the Survey
ary
March 1942
1941
January
February
March
April
May
June
July
August I
»
October
Novem-j December
ber
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
1,789
1,600
1,313
1,503
2,200
2,453
2,023
1, 593
1,624
1,697
1,728
Receipts, principal markets, thous. of animals.
1,647
1,964
Disposition:
1,116
828
'983
1,032
923
1,079
1,209
955
1,025
1,054
Local slaughter
do....
1,198
1, 129
1,013
660
475
605
680
'605
637
1,196
961
Shipments, total..
-do—
574
956
816
624
544
310
235
266
220
302
328
699
580
Stocker and feeder
do...514
443
228
282
251
Prices, wholesale (Chicago):
12.60
11.27
10.81
11.24
11.55
11.90
10.67
11.73
11.73
11.40
12.57
Beef steers
dol. per 100 lb-...
10. 62
10.23
13. 11
12.55
12.46
12.01
13.08
12.31
11.44
11.06
12.75
Steers, corn fed.
do—
11.93
11. 71
11.88
11.97
14.09
12.50
11.28
11.94
11.94
11.34
12.00
12.60
Calves, vealers
-do—
13.38
11.13
12.38
13.50
11.34
Hogs:
2,649
2,036
2, 542
8. 039
2,513
1,895
2,832
3,039
2,610
2,004
2,564
2,305
Receipts, principal markets, thous. of animals..
Disposition:
2, 670
1,941
1,817
1,473
1,905
1,361
2,098
2. 692
2.148
1,981
1,707
1,974
1,488
Local slaughter
do—
1,033
696
700
560
616
529
935
623
582
504
587
881
Shipments, total
-do—
48
54
42
48
43
45
63
54
37
53
51
Stocker and feeder
do—
60
58
Prices:
7.53
8.42
10.94
10.71
10.31
7.60
10.88
11.42
9.88
10. 51
8.97
Wholesale, heavy (Chi.)
dol. per 100 lb..
11.37
7.69
Hog-corn ratio
12.8
12.4
15.5
15.2
12.9
14.7
1 i:. 3
14.8
13.1
15.7
12.4
bu. of corn per cwt. of live hogs...
14.5
13.0
Sheep and lambs:
1,416
1,520
2,833
1,885
2,023
1,818
1,618
1,719
1,779
2,465
1,928
Receipts, principal markets.thous. of animals..
1,791
1,721
Disposition:
922
905
850
890
972
971
1,018
933
1,004
1016
997
1,079
Local slaughter
do—
1,036
945
568
632
924
1,104
648
699
834
718
853
Shipments, total
do....
1,820
1,406
379
754
128
131
241
199
377
113
150
148
154
Stocker and feeder
do—
523
592
ID 7
Prices, wholesale (Chicago):
6. 34
5.63
6.27
5.22
4.41
4.84
5.44
5.22
6.75
4.81
4.10
5.14
6. 06
Ewes
dol. per 100 lb.
11.88
10. 57
10.09
10.29
10.75
10. 63
9.88
11.13
10.88
10.98
11.20
10.44
9.78
Lambs
do—
MEATS
Total meats:
1,221
1,275
1,069
1,186
1,290
1,418
1, 245
1,239
1,292
1,477
1,250
1,286
Consumption, apparent
mil. of lb_.
(a)
21
30
106
28
91
67
18
18
97
Exports§
do
1.728
1,139
1,222
1,216
1,435
1,168
1,394
1.684
1,215
1,190
1,356
1,327
1.178
Production (inspected slaughter)
do—
1,078
1,102
1,282
720
1,310
916
649
903
1,294
1,233
1,258
1,329
730
Stocks, cold storage, end of month.
do_...
121
73
73
89
83
72
64
105
80
75
77
64
Miscellaneous meats
do—
Beef and veal:
502, 771 429,195 464.920 486, 031 558, 783 525,989 569,054 563,986 592,169 635, 550 524, 974 574,166
(a)
Consumption, apparent
thous. of lb..
1,079
1,512
5,473
4,029
1,548
1,003
1,195
978
3,181
Exports§
do
.
li'8
.173
.173
.180
.170
.171
.176
. 191
.170
.175
.193
.175
.
176
Price, wholesale, beef, fresh, native steers
(Chicago)
-dol. per lb.. 605, 041 496,850 410,821 449,098 473, 364 538, 542 512,112 565,041 557, 536 580,536 642, 731 535, 884 r 5"5, 764
138,
992
98,444
114,330
108,
622
90,
373
67,489
135,
478
85,
563
68,
442
89,
793
76,
231
65,708
73,366
Production (inspected slaughter) .thous. of lb_.
Stocks, beef, cold storage, end of mo—do
60,
991
55,
572
62,
355
62,
238
60,
244
61,
833
65,
301
66,
453
64,239
70,
327
54,915
62,
276
Lamb and mutton:
60. 800
57, 244
62, 328
61,853
60, 364
65,816
64, 752
67, 206
69,936
54,458
63, 094
62, 214
Consumption, apparent.
-do — 68, 781
r
8,383
4, 448
6,432
4,378
3,211
7,936
3,306
4,783
4,699
4,130
3,638
4,093
4,718
Production (inspected slaughter)
do—
Stocks, cold storage, end of month
do
579,
230
693,
909
677,
354
665,384
637,891
716,
262
838,113
662,123
658,
549
643,
730
677,
365
637,
395
Pork (including lard):
(a)
17, 603
26, 747
80, 005
70, 508
25, 305
51,439
15,941
14, 213
97, 285
Consumption, apparent
--do
24, 329
14, 830
53,819
44, 634
22, 375
20,101
13, 666
46,976
10,697
()
Exports, total
do
Lard
do—
.299
.265
.218
.271
.218
.275
.285
.238
.
2
0
0
.256
.
2
4
8
.296
Prices, wholesale:
Hams, smoked (Chicago)
dol. perlb..
.112
.062
.104
.070
.104
.103
.083
.104
.
106
.095
.101
.057
.111
Lard, in tierces:
. 130
.075
. 120
. 127
.114
.081
.112
.121
.075
.106
.118
.097
.128
Prime, contract (N. Y.)
do
Refined (Chicago)
do
,053,758 788,844 666, 956 704, 487 679, 746 723, 277 623,078 594, 970 549,836 534,503 725,158 800, 819 1,042,675
Production (inspected slaughter), total
206 138, 836 117,714 130, 029 125,746 139, 714 115,719 108,395
98, 086
92, 231 127, 469 141, 579 190, 337
thous. of lb__ 203,
809,646
1,118,552 1,104,072 1,123,574 1,172,305 1,086,399 959,146 773,182 589, 322 490, 694 526, 735 '655, 049
Lardf
d o — 603, 676 [,046,817
739,927 791, 910 785, 387 795, 876 798,455 703, 893 618, 866 485,108 371,362 313, 268 350, 270 r468, 538
Stocks, cold storage, end of month
do
205, 970 306, 890 326, 642 318, 685 327, 698 373, 850 382, 506 340, 280 288, 074 217,960 177, 426 176, 465 '•186,511
Fresh and cured__.
_
-do
Lardi
_
do
POULTRY AND EGGS
27, 302
77, 720
19,159
19, 324
19, 863
84. 224
33,368
Poultry:
28,723
49, 351
27, 933
30, 353
28,188
35, 220
Receipts, 5 markets
thous. of lb_. 204, 601 191,410 163, 321 126,904 101,129 87, 433
85,363
85, 573
81, 206
96,701 127, 981 172,913 ' 218', 3^2
Stocks, cold storage, nd of month
do
587
1,520
2,073
1,337
876
8y2
1,065
1,110
1,972
1,508
833
Eggs:
Receipts, 5 markets
thous. of cases..
T
331
549
307
6,641
1,670
1,090
3,857
6,427
3,031
5,375
6,131
297
5, 441
Stocks, cold storage, end of month:
45, 239
63, 428
99, 531 142, 065 178, 594 195,097 194,006 178, 438 153, 843 129, 533 ' 95, 538
53, 828
Shell.
thous. of cases.. 74, 324
Frozen....
thous. of lb..
TROPICAL PRODUCTS
Cocoa:
(a)
27,615
32,218
31, 304
25,218
16,841
33, 795
34, 395
36, 028
24,257
Imports§
-long tons.
.0782
.0578
.0878
.0935
.0718
.0731
.0787
.0820
.0799
.0520
.0795
.0814
Price, spot, Accra (N. Y.)
dol. per l b . .
Coffee:
1,073
1,136
454
882
1,576
1,110
1,141
706
1,008
1,455
627
518
847
Clearances from Brazil, total- -thous. of bags..
1,001
975
1,428
296
945
768
970
513
376
624
1,214
968
744
To United States
do
2,012
2,260
591
1,215
444
2,135
2,010
1,731
72
Imports into United States§
do
Price, wholesale, Rio No. 7 (N. Y.)
.094
.093
.057
.063
.087
.093
.075
.091
.053
.082
.093
.094
dol. perlb..
1,471
2,064
1,393
1,600
1,327
1,709
1,879
2,151
2,224
1,300
1,580
Visible supply, United States., thous. of bags..
Sugar:
Raw sugar:
Cuban stocks, end of month
2,421
1,258
1,654
477
213
2,460
2,195
1,422
789
1,942
1,037
1,149
thous. of Spanish tons
United States:
Meltings, 8 ports__.
long tons.. 291, 839 307, 619 323, 430 415, 675 442, 264 426,159 405,219 „ 402, 948 417,387 459, 297 404, 252 331,299 318,644
Price, wholesale, 96° centrifugal (N. Y.)
.037
.030
.033
.035
.035
.034
.034
.035
.029
.035
.037
.035
.036
dol. perlb..
Receipts: From Hawaii and Puerto Rico
34, 554
95, 057 143, 375 180, 098 191,473 195,169 166,355 136, 027 126,173
(a)
long tons..
236,098 276,810 278,863 380,881 322, 567 239, 305 211,202 210,190 167,040
(a)
Imports, total§
do—
148, 938 164, 919 222,179 266, 675 199,483 147, 705 127,864 143,198 110,468
From Cuba
do
(a)
106,
397
54,
357
117,032
63,673
85,001
78,
326
16,
769
83,458
13,072
From Philippine Islands
do
( )
218,993 276, 034 296, 796 312, 053 460,549 608, 701 654,105 653,041 506,133 398,901
352,584 "350,074
Stocks at refineries, end of month ..do
355, 071
r
Revised.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 Survey.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
fRevised series; revisions beginning January 1937 appear in table 8, p. 18, of the January 1941 Survey; see also note marked " 1 " which applies to both production
and stocks.
^Includes fats rendered from hog carcasses now reported as "lard" and "rendered pork fat." Figures are comparable with data reported prior to November 1940.
a
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-27
SURVEY OF CURRENT BUSINESS
March 1942
1942
January
1941
January
FebruMarch
ary
April
May
June
July
October
August
N o v e m - j December
i ber
FOODSTUFFS AND TOBACCO—Continued
TEOPICAL PRODUCTS—Continued
Sugar—Continued.
Refined sugar (United States):
Exports
long tons..
Price, retail, gran. (N. Y.)
dol. per lb_.
Price, wholesale, gran. (N. Y.)
_.do
Receipts:
From Hawaii and Puerto Rico-long tons..
Imports, total
do
From Cuba
do
From Philippine Islands
do
Tea, imports
thous. of lb_.
0.064
.053
6,720
.050
.043
.050
.044
4,560
.052
.048
1,897
.055
.050
2,360
.056
.050
3,175
.056
.049
2,482
.056
.050
7,232
.057
.052
10, 253
.058
.052
2,366
12, 976
7,477
5,207
7,838
22, 737
23,361
20, 251
2,857
8,863
29,442
47,461
41, 532
5,911
6,197
20, 612
58,108
52,918
4,224
7,793
14, 051
53, 264
48,993
3,990
11,190
6.257
54, 551
49,144
5,365
9,752
5,412
27, 707
19,477
7,926
10, 679
4,946
19,025
16, 036
446
7,766
1,116
13, 220
10, 640
1,962
6,915
19, 076
20, 411
21, 227
18, 467
15, 512
14, 736
13, 999
17, 219
29,189
22, 027
530, 784 421,338
86, 880 71, 458
37,224
277,998
49,805
47, 033
204,808
35,757
54, 580
156,185
41,878
54, 555
(3)
55,117
51,123
(3)
73, 432
54,159
(3)
90,885
1,850
2,545
5,240
1,847
2,205
4,882
2,028
2,055
4,856
1,973
2,025
4,803
1,661
2,248
4,216
1,435
2,006
3,644
1,774
2,051
3,367
()
.059
.052
.059
.052
. 060
.052
27, 034
31,900
30,624
29, 705
59, 355
(3)
102,191
49, 521
(3)
107, 574
42, 215
(3)
115,432
29, 522
(3)
117,805
2,155
2,303
3,220
2,271
2, 060
3,431
2,081
2,121
3, 392
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers, .-thous. of dol_.
Fish:
Landings, fresh fish, prin. ports.thous. of lb..
Salmon, canned, shipments
cases..
Stocks, cold storage, 15th of mo..thous. of lb..
•Gelatin, edible:
Monthly report for 7 companies:
Production
.do
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
do
Stocks
do
25, 843
()
97, 247
2, 245
2,094
3,542
TOBACCO
.Leaf:
Exports, incl. scrap and stems§_.thous. of l b . .
Imports, incl. scrap and stems§
do
Production (crop estimate)
mil. oflb._
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb._
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco.
do
.Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions.. 19,502
Large cigars
.thousands.. 458, 277
Mfd. tobacco and snuff..
_thous. of lb_. 27,937
Exports, cigarettes§
thousands..
Prices, wholesale (list price, destination):
Cigarettes, composite price.-dol. per 1,000..
5,760
Cigars, composite price
do
46, 056
Production, manufactured tobacco:
Total
thous. oflbFine cut chewing
do
Plug
do....
Scrap chewing
do
Smoking
do
Twist
do....
1,806
1,617
5,763
1,686
1,513
5,935
6,977
7,804
14,844
6,268
14,930
4,898
19,404
7,087
7,492
6,563
14, 030
5,927
22,699
6,526
14, 916
6,630
6,329
4,720
26, 793
6,042
20, 975
5,725
23, 380
7,451
8,314
5 026
(a)
(a)
i 1,280
3,594
3,349
3,369
396
299
2,778
404
283
2,527
4
368
258
2,618
22
109
14,465
15, 529
15, 854
16, 287
17, 858
403,166 385,349 430,326 490, 585 475,067
25, 202
28, 253
29,127
29, 232
28, 958
626,129 584, 281 685,139 685, 513 926,183
18, 523
478, 802
27,660
549,338
17, 777
18, 761
18, 404
487,033 491,028 506,071
27,462
29, 756
28,835
521,326 843, 686 433, 690
19, 632
621, 990
32,179
17,141
542,906
27, 376
16, 201
474,913
24, 265
()
5.760
46.056
5.760
46.056
5.760
46.056
5.760
46.056
5.760
46.056
5.760
46. 056
5.760
46.056
5.760
46.056
5.760
46.056
5,760
46, 056
5,760
46, 056
5,760
46, 056
25,153
426
3,882
3,636
16, 752
457
22, 630
355
3,748
3,347
14,719
461
24, 766
3S9
4,065
3,385
16,458
468
26,246
402
4,406
3,745
17,209
483
25,462
427
4,288
3,524
16,847
376
25, 346
441
4,229
3,910
16, 288
478
25, 732
458
4,560
3,884
16, 348
483
24, 535
505
4,264
4,064
15, 200
501
27, 166
467
4,476
3,962
17, 758
503
29, 047
467
4,710
4,016
19, 341
514
24, 547
396
3,810
3,279
r
16,631
430
22, 129
415
3. 769
3, 410
14, 070
465
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports
thous. of long tons..
180
97
309
146
159
335
Prices, composite, chestnut:
11.66
11.67
12.48
11.64
11.67
11.66
11.57
Retail
dol. per short ton..
9.805
9.799
9.826
9.779
9.823
9.807
Wholesale
do._._ 10. 288
4,532
4,432
4,595
3,198
3,858
4,977
4,891
Production
thous. of short tons..
Stocks, end of month:
197
704
531
331
169
205
In producers' storage yards
do
In selected retail dealers' yards
43
26
33
53
number of days' supply. _
Bituminous:
528
658
1,511
454
2,071
Exports
thous. of long tons__
Industrial consumption, total
34,041
29,023
31,199
33, 588
31,161
30,881
thous. of short tons.. 38, 474
1,016
931
148
850
789
886
Beehive coke ovens
do
817
7,412
7,157
6,404
6,871
6,445
6,855
Byproduct coke ovens
do
7,061
548
470
489
596
370
615
•Cement mills
do
407
172
150
136
134
139
127
Coal-gas retorts
do
152
4,729
5,918
4,164
4,916
4,446
5,135
Electric power utilities
do
4,782
9,689
8,600
7,006
7.755
7,666
7,576
Railways (class I)
do
8,176
1,019
1,024
946
837
966
827
Steel and rolling mills
do
1,043
10,980
12, 700
10,340
9,730
9,240
8,860
Other industrial
do
11,150
Other consumption:
77
124
113
78
Vessels (bunker)
thous. of long tons. _
345
347
306
43
315
298
307
Coal mine fuel
thous. of short tons..
Prices:
8.85
8.87
Retail, composite^
dol. per short ton..
8.86
Wholesale:
4.570
4.367
4.547
4.732
4.375
4.367
Mine run, composite
do
4.368
4.663
4.615
4.618
4.926
4.533
4.615
Prepared sizes, composite.
do
4.616
48, 250
43,400
42, 774
5,975
41,695
Production!
thous. of short tons... 48, 540
44,070
l
*• Revised.
i December 1 estimate.
Revised estimate.
o The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
JData for 1938 revised. See p. 45 of the August 1940 Survey.
^Composite price for 35 cities.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 issue.
223
304
404
11.88
9.939
4,681
12.17
10.073
5,246
12.41
10. 209
5,143
12.46
10. 301
5,380
12.42
10, 301
3,832
12.43
10, 288
M, 118
268
708
1,177
1,393
1,237
32
59
34,978
968
7,050
676
143
5,913
8,742
886
10, 600
34, 555
835
6,848
628
143
5,532
8,747
912
10,910
192
021
352
588
149
892
226
984
980
1,973
2,325
2,353
31, 510
908
7,107
660
128
5,215
7,799
833
8,860
32, 400
959
7,108
658
132
5,643
8,038
842
9,020
31, 928
901
6,814
630
126
5,552
8,053
802
9,050
129
311
137
329
164
335
••362
313
9.06
9.24
9.34
9.42
9.47
4.658
4.823
45, 650
4.677
4.883
46,880
4.703
4.922
49, 800
4.713
4.930
43, 770
4.618
4.724
43, 300
3
()
4. 704
4. 925
46,667
Comparable data are not available.
S-28
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1942
January
March 1942
1941
January
February
March
April
May
June
July
August September
October
Novem-j December i ber
FUELS AND BYPRODUCTS—Continued
COAL—Continued
Bituminous:
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 (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
COKE
Exports
thous. of long tons..
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)--.thous. of bbl..
Imports!
do
Price (Kansas-Okla.) at wells...dol. per bbL.
Production!
thous. of bbL.
Refinery operations
pet. of capacityStocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do
East of California, total!
do
Refineries!
do
Tank farms and pipe lines!,
do
Wells completed !
number..
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantst
thous. of bbL.
Railways (class I)
do
yessels (bunker)
do
Price, fuel oil (Pennsylvania)*.dol. per galProduction:
Residual fuel oil!
thous. of bbL.
Gas oil and distillate fuels, total do
Stocks, end of month:
Residual fuel oil, east of Calif
do
Gas oil and distillate fuels, totaL._.do...
Motorfuel:
Demand, domestic!
thous. of bbl.
Exportsf
...do
Prices, gasoline:
Wholesale, refinery (Okla.).dol. per gal.
Wholesale, tank wagon (N. Y.>f do...
Retail, service stations, 50 cities*...do
Production, total!
thous. of bbL
Benzol!
do
Straight run gasoline?..
do
Cracked gasoline!
do
Natural gasoline!
do
Natural gasoline blended?
do
Retail distribution
mil. of gal.
Stocks, gasoline, end of month:
Finished gasoline, total?---thous. of bbL.
At refineries
do
Natural gasoline
do
Kerosene:
Consumption, domestic
do
Exports!
do
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gal _.
Production
thous. of bbL
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic!
do
Price, wholesale, cylinder, refinery. (Pennsylvania)
dol. per gaL.
Production
thous. of bbl.
Stocks, refinery, end of month
do
Asphalt:
Imports§
short tons..
Production
do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb..
Stocks, refinery, end of month
do
58, 015
50, 285
7,824
653
337
12, 660
9,482
959
18,370
7,730
6.125
647
5,229
1,510
818
692
1.110
48,702
42,102
9,887
408
258
11,119
6,235
935
13,260
6,600
48, 518
42, 518
9,890
440
247
10, 944
7,216
1,041
12, 740
6,000
50, 690
45, 590
9,854
562
247
11,330
8,741
1,276
13, 580
5,100
35, 971
31,891
4,970
390
188
9,014
5,658
721
10, 950
4,080
37,483
32, 583
4,725
483
162
8,991
6,135
737
11,350
4,900
42,929
37,249
5,913
559
225
9,988
6,604
720
13,240
5,680
45
36
49
47
51
64
5.375
514
4,933
126
1,597
732
865
406
5.375
496
4,502
103
1,391
774
618
375
110,683 100,445
3,199
3,321
.960
.960
110, 647 100,791
5.375
125
1,337
845
492
375
111,059
3,876
.960
112,817
83
5.375
5.825
6.125
.060"
.150
.141"
.064
.160
52,801
45,011
7,205
660
296
10,912
8.111
775
17,070
7,790
56,994
48,044
7,292
709
331
11,637
8,758
827
18,490
8,950
61, 401
51, 501
8,371
720
364
11,919
9,548
909
19, 670
9,900
6.125
6.125
574
4,806
158
613
4,971
154
532
4,833
149
1, 616
871
745
362
1,668
817
851
3S0
61,763
52,013
8,326
714
372
12,427
9,726
908
19,540
9,750
6.125
6.125
564
4,836
144
1,428
849
578
382
578
5,014
134
611
5,013
137
' 1,450
'874
577
367
r 1,612
r 950
'062
372
' 1,580
'881
699
370
111, 10.6 119,435
4,132
3,701
1.010
1.035
111,080 116,976
115,935
4,488
1.110
115,027
121,180
4,657
1.110
118,251
124,572
4,319
1.110
121,354
90
121,481
4,790
1.110
119,446
66,454 64,729 63,847
35, 651 34,560 34,875
212,132 207, 225 203,481
44,472 43,483 41,975
167,660 163,742 161,506
1,836
1,934
1,931
6.125
1,110
123,355
88
62,941
34, 852
201,048
42, 446
158, 602
1,821
62, 745
35, 082
200,602
42, 546
158,056
1,723
1.841
6,049
1,586
4,511
2,487
.044
1,677
5,061
2,569
.044
1,658
4,895
2,823
.045
1,592
5,040
2, 836
.048
1,325
5,147
2,488
.053
1,620
5,339
2,633
.057
1,793
5,460
2,661
.058
1,655
5,435
2,331
.059
.058
1, 781
5 723
.054
27,880
17, 018
25,944
14,732
27,677
15, 387
26,748
14, 692
27,994
15,546
27,882
14,697
28,624
15,746
29,836
15,409
28,118
16,024
30, 871
16, 554
29,6f.fi
16,230
22,060
28,034
21,154
28, 542
21,086
23, 293
19, 822
24,449
20, 891
27, 353
20,914
30,620
21,909
34,337
23,562
36,845
25, 224
39,726
26,198
42, 028
25,118
42, 261
45, 344
1,767
42, 001
1,079
48, 760
1,287
55,154
1,232
59, 307
1,257
58, 360
1,184
63, 093
1,212
62,944
1,355
58,995
2,211
.044
.125
.122
52,542
313
21, 353
25,992
4,884
4,016
1,848
.044
.127
.123
48, 374
280
20,112
23,417
4,565
3,510
1,732
.045
.129
.124
53,409
317
21,995
26,181
4,916
3,981
2,019
.049
.135
.131
53,768
277
22,131
26,380
4,980
3,688
2,220
.053
.143
.137
58,258
288
23,881
28,908
5,181
3,541
2,383
.058
.149
.138
56,987
274
23,140
28,478
5,095
3,648
2,327
.060
.149
.139
59, 609
271
23,962
30,124
5,252
3,769
2,543
.060
.149
.140
60, 740
277
24,790
30,034
5,639
4,237
2,584
.060
.149
.140
60,167
266
24,039
30,198
5,664
4,854
2,349
.060
.149
.140
62, 288
296
24, 712
31, 328
5,952
5,123
' 2,340
.060
.149
.141
61,243
287
24, 244
30,718
5,994
4,717
2,194
83,310
55, 562
5,490
61,756
5,311
91, 501
64,468
5,331
88, 414
61,186
5,504
85, 425
57,357
5,856
82,411
52,856
6,235
77,429
49, 092
6,317
73,094
45,463
6,111
72,761
46,151
5,373
74, 698
46,417
4,870
79,378
49,351
4,557
7,769
57
6,484
54
6,778
124
5,549
158
4,504
118
3,918
101
4,270
95
4,449
52
5,624
295
.053
6,661
8,312
.054
5,888
7,634
.054
6,033
6,724
.054
6,068
7,063
.054
6,033
8,421
.057
5,218
9,609
.059
5,406
10, 635
.062
5,850
11,636
.063
5,949
11,662
.063
6,355
11, 670
.064
6,443
10,843
2,367
1,798
2,263
2,712
2,732
3,171
3,074
2,562
.090
2,943
.094
2,522
8,790
.099
2,813
8,637
.100
3,213
8,363
.103
3,322
7,835
.123
3,520
7,353
.140
3,563
7,107
.143
3,561
7,206
.154
3,427
7,415
.160
3,494
7,487
.160
3,607
7,752
600
303,100
689,000
9,838
306,400
760,000
9,579
373,300
831,000
579
488,900
933,000
2,452
601,800
964,000
4,366
0
0
634, 500 687,100 740,700
841,000 713, 000 605,000
0
680,200
474,000
()
694,400
451,000
580,700
512,000
45,080
120,027
38,920
119,150
51,240
121,887
56, 280 57,400
116,096 118,456
66,360
79,458
67,760
75, 467
68,880
76,413
55,440
101,434
54,320
85,824
5,186
1,70
832
876
121,539
1.110
126,145
89
1,844
4,938
2,172
.044
54,600
110,481
62,737
53,397
8,901
705
367
12,821
10, 235
968
19,400
9,340
(«)
541
4,846
140
1,405
741
664
385
93
4,474
128
1,401
694
706
400
70, 474 69,833
68,661
67,256
66,256 65,735
35,961
36, 985 37,451
37,272 36, 221 34,961
219, 905 220,046 221,319 221,120 218,355 216,454
42,760 42,260 41,649
42, 528 41, 595 43,526
177,145 177, 786 179, 670 178, 592 176, 760 172,928
1,184
1,620
1,368
1,612
1,162
1,615
.051
47, 051
40,451
6,215
634
285
10,431
7,003
723
15,160
6,600
(a)
1.110
1, y38
6, 328
051
.060
.149
.139
2,198
(a)
.064
.160
'0 Revised.
^Revised beginning February 1941 to exclude for East Coast district, stocks of "shuttle oil" and stocks transferred to the U. K. pool board.
The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
*New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p. 14 of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p. 16 of the March 1941 Survey.
fExports of motor fuel revised; for data for 1913 to 1939, see table 54, p. 16 of the December 1940 Survey; for data for all months of 1940, see note marked "t" on p. S-28 of the
August 1941 Survey. Data beginning January 1941 include mineral spirits; the comparability of the series is affected to a negligible extent by the inclusion of this item. For
revised series on wh" lolesale
_ tank wagon (N. Y.) price of gasoline, see table 6, p. 18 of the January 1941 Survey. Gas and fuel oil consumption in electric power plants revised
for 1939. See p. 45 of the August 1940 Survey.
!Revised data for 1939 appear in table 1, p. 17 of the January 1941 Survey. §Data revised for 1939; for exports, see p. 17, and for imports, p. 18 of the April 1941 Survey.
S-29
SUKVEY OF CUKRENT BUSINESS
March 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
1941
January
January
February
March
April
May
June
July
Novem- DecemAugust September October
ber
ber
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins§
thous. oflb..
Calf and kip skins§
do
Cattle hides
do....
Goatskins§_
do
Sheep and lamb skins§
do
Livestock (federally inspected slaughter):
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 l b .do
LEATHER
Exports:
Sole leather§
thous. oflb..
Upper leather§—
thous. of sq. ft..
Production:
Calf and kip
thous. of skins..
Cattle hidesthous. of hides..
Goat and kid
thous. of skins..
Sheep and lambj
-do
Prices, wholesale:
Sole, oak, scoured backs (Boston)..dol. per lb..
Chrome, calf. B grade, black, composite
dol. per sq.ft..
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides..
In process and
finished
do
Raw
_
do
41,284
2,828
24,638
4,792
6,249
35,411
1,795
16,644
6,446
8,550
39,540
1,859
24,182
5,895
6,254
50,665
2,316
28,548
5,403
10,981
66,267
1,949
35,327
7,203
8,789
53, 572
2,150
34,025
8,577
7,004
60, 686
1,205
32,471
6,072
9,180
61,899
2,083
38,419
6,092
12,761
48, 944
1,815
34,023
5,463
5,096
440
1,057
5,831
1,611
411
891
4,517
1.625
384
717
3,725
1,391
444
766
3,904
1,408
507
792
3,807
1,436
501
908
4,023
1,551
440
867
3,336
1,378
445
968
3,006
1,569
414
968
2,796
1,522
447
1,004
2,920
1,567
536
1,119
4,157
1,682
476
941
4,561
1,424
457
1,004
5,767
1,571
.155
.218
.133
.216
.124
.216
.129
.225
.137
.240
.147
.245
.153
.234
.150
.218
.150
.218
.153
.218
.155
.218
.155
.218
.155
.218
435
2,679
1,278
3,416
2,799
3,781
14
3,871
14
4,321
77
2,268
11
4,363
24
4,889
1,368
3,346
4,287
4,163
994
2,182
2,953
3,494
1,014
2,120
3,064
3,797
1,151
2,155
3,417
3,724
1,102
2,208
3,677
4,077
1,033
2,256
3,653
4,632
1,098
2,232
3,997
4,368
1,170
2,373
4,269
4,668
1,181
2,375
3,365
4,741
1,084
2,389
4,107
1,209
2,659
4,588
4,841
1,002
' 2,438
3,836
' 4,408
r 1, 048
2,560
' 4,441
.415
.355
.355
.355
.367
.375
.370
.415
.415
.415
.415
.531
.481
.480
.486
.495
.503
.518
.508
.510
.522
.525
14,063
9,588
4,475
13,656
9,370
4,286
13,221
8,958
4,263
13,009
8,685
4,324
13,184
8.603
4,581
13,479
8,659
4,820
13,387
8,509
4,878
235, 700 243,889 266,236 249, 638 258,435
146, 597 149, 529 158, 949 147,823 155,805
89,103 94,360 107, 287 101,815 102,630
938
4,577
.415
4,303
.415
13,497
8,459
5,038
.516
13,496
8,374
5,122
13,998
8,490
5,508
• 14, 277
' 8, 780
' 5, 497
.529
14, 309
8,981
5,328
292,122
179,332
112,790
246,104
161, 399
84, 705
283,391
173,020
110,371
242, 529
144,299
98,230
194,068
106,349
87,719
6.40
4.40
3.55
LEATHER MANUFACTURERS
Gloves and mittens:
Production (cut), total.
dozen pairs.
Dress and semidress
do...
Work
do—
Boots, shoes, and slippers:
Exports§
thous. of pairs.
Prices, wholesale, factory:
Men's black calf blucher
dol. per pair.
Men's black calf oxford, corded tip.-.do-..
Women's colored, elk blucher
do...
Production, boots, shoes, and slippers:
Total
-..thous. of pairs...
Athletic
do...
All fabric (satin, canvas, etc.)
do...
Part fabric and part leather
do...
High and low cut, leather, total
do...
Boys' and youths'
do...
Infants'
do...
Misses' and children's.
do...
Men'sJ
do...
Women's
do...
Slippers and moccasins for housewear
thous. of pairs.
All other footwear
_do...
185, 349 196, 519 204,313
108,156 118, 020 127,698
78,499
76,615
77,193
101
219
241
237
221
158
148
309
198
6.40
4.55
3.56
6.00
4.25
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.27
3.30
6.15
4.35
3.30
6.15
4.35
3.30
6.23
4.35
3.45
6.25
4.35
3.55
6.25
4.35
3.55
6.36
4.35
3.55
6.40
4.39
3.55
39, 543
357
435
1,320
34, 667
1,399
2,145
3,818
11, 984
15, 320
380
414
1,586
32,215
1,359
2,148
3,909
10,254
14,544
324
493
1,645
32,868
1,266
1,947
3,954
9,998
15, 704
42,663
401
453
1,400
36,427
1,461
2,256
4,217
10,666
17,826
42,841
416
582
1,153
35,912
1,555
2,166
3,973
11,198
17,019
41,174
437
563
910
34,263
1,664
2,188
3,817
11,325
15,268
39,780
471
289
854
32,720
1,683
2,461
3,870
10,937
13, 768
44,794
506
258
684
37,850
1,825
2,508
4,256
11,493
17,769
44,985
513
225
816
37,459
1,696
2,468
4,048
11, 577
17,671
43,568
509
273
1,017
35, 360
1,812
2,384
4,022
11, 788
15,354
45,655
555
271
1,004
36,862
1,915
2,557
4,378
13,396
14,615
34.768
478
231
845
27,627
1,399
2,153
3,505
10.769
9,801
1,995
769
1,713
496
2,343
615
2,993
990
3,760
1,019
3,937
1,063
4,427
1,020
4,824
674
5,638
433
5,975
433
6,511
452
5,136
452
'442
'328
1,052
•r 32, 552
1, 621
' 2, 296
' 3, 888
12, 022
12, 725
3,422
••459
51,977 84,272 61,793
7,404
7,557 11,371
37,422 67,635 46,586
115, 745 135, 018 178,887
51,163
7,250
34, 090
152,190
2,895
380
2,516
3,022
412
2,611
6,220
1,299
4,921
2,716
377
2,339
2,784
418
2,366
6,154
1,280
4,874
2,755
394
2,361
2,786
432
2,354
6,130
1,243
4,887
2,315
364
1,951
2,257
373
1,884
6,169
1,234
4,935
2,494
382
2,112
2,489
371
2,118
6,306
1,355
4,951
7,650
10,900
8,900
8,300
12,850
5,050
8,900
7,500
7,150
13,100
7,225
9,050
8,075
7,350
13,625
40,080
52,446
49,227
48,094
43, 088
28,102
42, 549
40,910
38,014
48,278
34, 286
42,035
42,697
35,100
55, 875
(•)
'm
• 38, 255
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports, total sawmill products
M bd. ft.
Sawed timber§
do...
Boards, planks, scantlings, etc.§
do...
Imports, total sawmill products.
do...
National Lumber Mfrs. Assn.:f
Production, total
.mil. bd. ft.
Hardwoods
do...
Softwoods
_do...
Shipments, total
...do...
Hardwoods
do...
Softwoods
_
do...
Stocks, gross, end of month, total
do...
Hardwoods
do...
Softwoods...
do...
2,396
376
2,020
2,592
381
2,211
6,110
1,349
4,761
79,865
14,907
46,449
62,349
60,921
7,755
42,140
67,504
50,968
2,541
35,284
83,861
65,828
7,916
39,838
79,734
53,308
4,399
40,168
95,057
2,298
360
1,938
2,480
393
2,087
2,177
325
1,853
2,232
359
1,873
6,329
1,421
4,908
2,395
327
2,068
2,391
369
2,023
6,333
1,380
4,953
2,568
381
2,187
2,512
387
2,125
6,406
1,374
5,031
2,609
372
2,238
2,610
405
2,205
6,462
1,342
5,120
1,455
4,929
2,581
370
2,211
2,676
410
2,266
6,393
1,303
5,090
2,734
375
2,359
2.907
423
2,484
6,355
1,332
5,023
FLOORING
Maple, beech, and birch:
9,050
10,350
12,800
7,000
8,075
9,300
8,225
7,900
8,075
7,775
Orders, new
M bd. ft..
13,175
11,450
13,925
11,500
11,175
11,350 11,175
11,600
9,975 10,950
Orders, unfilled, end of month
..do
8,950
8,750
8,200
7,600
9,000
7,800
8,275
8,550
6,650
7,175
Production
.do
9,800
10,125
10,325
8,800
9,500
8,300
7,275
8,325
7,650
7,075
Shipments
do
16,675
14,800 13,425
12, 200
17,750
19,300 18,350 18,350 18,200
14,075
Stocks, end of month.
_
.do
Oak:
53,489
60,524 44,781 36, 363
58,267 54,442
4,074 35,903 45,981 45,931
Orders, new
do
79,516
78,173
81,988 74,305 60,460
54,985 62,250 74,089
46, 235 44,681
Orders, unfilled, end of month
do
43,227 46,761
51,865 49,925 47,432
41, 647 46,656 38,409 40,369
Production
do
52,146
57,150 53,464
36, 549 37,941 35,677 40,666 46,428 50,358
Shipments.._
do
61, 580 51,038 44,962 41, 955
74,235 73,938 70,737 65,533
60, 673 71,503
Stocks, end of month
do
' Revised.
JData beginning January 1940 include fleshers and exclude skivers.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
§Data for 1939 revised; for exports see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 Survey.
. tRevised data for 1939 and January and February 1940 appear in table 17, p. 17 of the May 1941 Survey.
^Beginning January 1941, data include a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government
contract.
S-30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
January
March 1942
1941
January
February
March
April
May
! DecemAugust SeptemOctober November
ber I her
July
June
LUMBER AND MANUFACTURES—Continued
SOFTWOODS
Douglas fir:
Exports, total sawmill pro ducts §-..M bd. ft.
Sawed timber §
do
Boards, planks, scantlings, etc.§
do
Prices, wholesale:
Dimension, No. 1, common*
dol. p e r M b d . f t . .
Flooring, " B " and better, F. Q., 1 x 4, R. L.*
dol. per M bd. ftSouthern pine:
Exports, total sawmill products.._M bd. ft-.
Sawed timber
do
Boards, planks, scantlings, etc
do
Orders, newt
mil. bd. ft-.
Orders, unfilled, end of month
do
Price, wholesale,flooring.__dol.per M bd. ft..
Productionf
mil. bd. ft..
Shipmentsf
do
Stocks, end of month..
do
Western pine:
Orders, newf
do
Orders, unfilled, end of monthf
do
Price, wholesale, Ponderosa pine, 1x8, No. 2,
common (f. o. b. mills)...dol. per M bd. ft..
Production!
mil. bd. ft..
Shipments!
do
Stocks, end of month
do
West coast woods:
Orders, newf
do
Orders, unfilled, end of month
do
Production!
do
Shipments!
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
FURNITURE
All districts:
Plant operations
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new orders..
New
no. of days' production..
Unfilled, end of month
do
Plant operations
percent of normal..
Shipments
no. of days' production..
Prices, wholesale:
Beds, wooden
1926=100 -.
Dining-room chairs, set of 6.
do
Kitchen cabinets
do
Living-room davenports
do
Steel furniture (see Iron and Steel Section).
27,896
12,620
15,276
24, 347
6,555
17, 792
12,651
1,365
11,286
17,517
4,893
12,624
13,435
3,563
9,872
19, 901
5,940
13,961
18, 743
6,615
12,128
28,069
7,915
20,154
19,970
5, 580
14,390
(a)
32.095
25. 970
24.990
24.990
24. 990
24. 990
25. 970
25.970
27.146
28. 665
28. 910
29.498
44.100
36. 260
35. 280
35. 280
35.280
35. 280
35. 280
36. 260
36.260
38. 808
41.160
41. 160
42. 336
8,991
750
8,241
674
542
49.943
676
643
1,539
7,761
746
7,015
642
553
48. 788
734
631
1,642
15,911
2,612
13, 299
685
580
48. 570
753
658
1,737
12, 573
259
12,314
767
646
48.213
759
701
1,795
12, 679
1,159
11,520
896
824
49.143
670
718
1,747
45,111
586
44, 525
1,019
952
51. 446
734
891
1,590
16,941
3,104
13, 837
692
762
54.393
748
882
1,456
10,486
1,471
9,015
695
715
51.704
708
742
1,422
(a)
1,050
796
53. 070
825
875
1,375
11,691
1,747
9,944
773
511
50.750
763
760
1,506
671
633
50. 788
706
753
1, 375
597
603
51. 165
650
627
1,398
800
621
52. 830
809
782
1, 425
516
519
425
380
400
480
502
490
560
535
637
607
642
' 543
479
r 542
401
387
345
491
421
35.69
263
418
1, 566
33.99
262
411
1,663
33.47
265
374
1,551
33.37
343
414
1,479
33.68
468
478
1,469
33.22
570
516
1,523
33.31
614
543
1,593
33. 52
673
593
r
1, 665
35. 37
661
619
1,775
36.69
r 636
' 620
1, 788
35. 69
436
443
1,779
35. 62
357
415
1,721
861
926
717
701
991
666
676
675
681
855
660
701
669
634
746
752
756
885
749
735
743
759
888
797
787
664
744
867
771
814
695
750
838
776
883
692
715
831
705
772
813
826
819
41,252
49, 873
35, 642
32, 292
249,176
»• 32,631
r 42,918 r 43,026
' 64, 684 65, 422
'
39,940 42, 646
r
37, 700 40, 810
246, 446 246, 431
' 30,391
55,204
47,272
42,221
244,169
79.0
70.0
73.0
8.0
22
59
81.0
24
3.0
28
42
72.0
20
6.0
22
42
73.0
21
101.2
118.9
102.6
104.2
52,859
35,279
31,455
269,424
83.5
100.9
89.4
87.2
' 28.901 ' 38,172 38,371 r 46. 421
48, 415 50, 930 52, 724 58, 493
31,622
33,700
34, 058 39,835
32, 738 33, 233 37,105
40, 461
267,276 262,805 255, 390 249,358
83.5
100.9
89.4
87.2
523
554
33.87
684
611
r 1,733
r
679
699
733
734
821
671
607
778
752
854
590
587
670
613
929
940
827
740
717
971
27,665
44, 532
43, 703
39. 068
242, 763
r 31, 540
37,142
45, 658
38,318
243, 225
' 26,781
34,860
38,671
29,910
248, 440
29, 688
41, 696
30. 69S
22, 877
253. 061
5.0
33
r
76.0
75.0
82.0
82.0
87.0
S.O
6.0
20
40
74.0
19
4.0
32
54
74.0
20
4.0
26
62
78.0
20
3.0
35
70
77.0
25
3.0
27
72
82.0
3.0
33
76
84.0
32
4.0
30
75
88.0
32
88.0
27
15. 0
15
59
86.0
28
85. 2
102.5
90. 8
87.2
87.2
103.9
' 93. 0
103.9
'94.4
93.3
95.0
105.5
97.4
93.3
93.5
108.2
97.4
93.3
96.1
108.2
99.3
96.3
111.6
102.0
104.2
98.0
113.6
102.0
104.2
101.2
115.0
0)
104.2
537, 921 697,732
59, 905 80, 255
11,049
18, 380
9,418
16,405
706,580
65, 486
8,489
4, 259
6, 501
7,607
45, 535
40, 245
5, 290
7, 062
823
40, 457
35. 563
4.894
5.0
22
42
74.0
21
83.5
100.9
r 90. 4
87.2
r
r
r
87.2
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
long tons.Scrap
do
Imports, total
do
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton.. 38.15
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
7,158
thous. of long tons..
0
Shipments from upper lake ports
do
33,919
Stocks, end of month, total
do
29, 627
At furnaces
do
4,292
On Lake Erie docks
do
Imports, total
do
Manganese ore, imports (manganese content)!
thous. of long tons.
567, 227 635,809
54, 383 120,152
2,620
6,273
1,094
5,401
698, 853
45,055
423
17
600,240
74,378
796
150
38.38
38.22
38.27
38.15
38.15
38.15
38.15
38.15
38. 15
38.15
6,331
0
29,794
26,167
3,627
155
5,673
0
24,195
21,100
3,096
178
6,412
0
17, 761
15,407
2,353
182
5,802
6,919
16, 937
15, 002
1,935
185
6,232
11,007
21,817
19, 551
2,266
180
6,231
10, 731
26, 630
23,919
2,710
225
6,497
11,331
31, 597
28, 257
3,341
196
6,534
11,430
36,469
32,457
4,012
223
6,448
10, 243
40, 770
36,106
4,664
206
6,612
9,564
43,946
38, 852
5,094
45
31
49
15
53
50
33
472,734 457,685
62, 894 59,018
5,633
10,190
3,758
6,473
62
(a)
()
(a)
Pig Iron and Iron Manufactures
Castings, malleable:
69, 745
56, 587
81,089
76,055 86, 293 84, 751 83,218
64, 283
77, 312
68,945
70, 528
Orders, new
...short tons.. 105, 556
75,075
76,170
66, 738
71,311
68,742
63,331
66,208
69,175
84, 296
Production
do
68, 741
67.010
68,750
70,278 71,209
68,983
73,066
82, 004
70,744
65, 884
62,066
67,415
67, 532
65, 217
68, 310
64, 250
71, 740 70,179
Shipments
do
Pig iron:
Furnaces in blast, end of month:
Capacity
short tons per day.. 159, 270 152,040 148, 555 152,750 140, 310 151,000 153, 600 153,190 155,020 157, 165 156, 265 156, 855 162,140
215
216
202
195
211
214
206
205
205
213
216
Number
217
211
r
§Data for 1939 revised; for exports see table 14, p. 17 and imports see table 15, p. 18 of the April 1941 issue.
Revised.
i No quotation.
fRevised series. Revisions for 1939 and January and February 1940 for southern pine, western pine, and west coast woods, and also revisions for 1938 for the latter group,
appear in table 17, p. 17 of the May 1941 issue.
*New series. These prices replace series shown in the Survey through the February 1941 issue: data beginning 1922 appear in table 16, p. 17 of the May 1941 Survey.
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
S-31
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Janu- I January I ary
1940 Supplement to the Survey
1941
February
March
April
May
June
July
August
September
Octo- | Novem- December
ber
ber
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Con.
Pig iron—Continued.
Prices, wholesale:
28. 50
Basic (valley furnace)
dol. per long ton..
24.15
Composite
do
25. 89
Foundry, No. 2, northern (Pitts)
do
4, 971
Production!
_.thous. of short tons,.
Boilers and radiators, cast-iron:
Boilers, round:
732
Production.
_
thous. of l b . .
1,484
Shipments
do
10,
146
Stocks, end of month
do
Boilers, square:
18,
756
Production
do
17,044
Shipments
do
94,
832
Stocks, end of month
do
Radiators, ordinary type:
6, 717
Production.thous. of sq. ft. heating surface-.
6,175
Shipments
do
18,106
Stocks, end of month...
do
Boilers, range, galvanized;
Orders, new, net
number of boilers.. 42, 781
72, 366
Orders, unfilled, end of month
do
50, 557
Production
do
51, 259
Shipments
-do
17,212
Stocks, end of month
do
23.50
23.95
25.89
4,664
23.50
23.95
25. 89
4,198
23.50
24.00
25.89
4,704
23.50
24.15
25.89
4,334
23.50
24.15
25.89
4,600
23.50
24.15
25.89
4,553
23.50
24.15
25.89
4,771
23.50
24.15
25.89
4,791
23.50
24. 15
25. 89
4,717
23. 50
24.15
25. 89
4, 856
23. 50
24.15
25. 89
4,703
23. 50
24. 15
25.89
5, 012
2,071
1,608
11, 687
1,920
1,222
12, 391
2,252
1,092
13, 256
2,214
1,358
14,107
1,826
1,167
14, 834
1,741
1,474
15, 096
1,863
2,003
14,951
1,936
2,669
14, 024
2,148
2, 741
13,405
2,091
3,483
11,912
1,133
1,922
11,168
1,115
1,448
11,182
23,443
14,437
89, 300
22, 579
13,086
99,040
22, 647
13,489
106,958
23, 525
13, 360
117,058
25, 254
16, 861
125,448
25, 319
20, 382
130, 339
21,514
26,426
125,376
26, 505
38, 894
113,130
27, 591
34, 899
105, 759
29, 461
37, 360
97, 896
21,104
24, 502
93, 669
19, 642
17, 380
92,998
7,244
5,839
23, 461
6, 744
4,891
25, 393
6,871
4,371
27, 890
6,967
4,495
30, 375
7,385
5,621
32,140
7,133
6,453
32, 817
6,151
8,671
30, 263
7,098
11,696
25,584
7,675
10, 901
22, 394
8,267
10, 494
20,154
5,787
7,695
18,271
6,763
7,390
17, 567
89, 748
45, 615
80,705
82, 928
39, 224
80, 583
50,777
74,113
75,421
37,916
94,992
60,419
82, 820
85, 350
35, 386
69,433
46, 448
86,459
83,404
38,441
89,159
52,966
81,495
82, 641
37, 295
05,076
72, 258
80,023
85, 784
31,534
85, 077
77, 809
72,970
79, 526
24, 978
68,854
86, 451
63, 729
60,212
28,495
80, 046
101,016
58, 635
65, 481
21,615
74, 581
101,609
69,972
73, 988
17, 599
52, 605
93,966
58, 810
60, 248
16,411
41,343
80, 844
55, 856
54, 465
17, 785
110,579
94.5
34,887
94,409
80.7
35,397
105,125
89.8
29,103
85,492
73.0
28, 692
126,140
107.8
47,408
95,185
81.3
30, 733
152,007
129.9
59, 551
101,977
87.1
34, 204
153,143
130.8
70.191
104,971
89.7
37.192
161,512
138.0
80,065
113,988
97.4
45,073
175,892
150.3
77,669
112,364
96.0
43, 320
147,316
125.9
52, 207
117,703
100.6
44, 290
115,066
98.3
32, 882
118,543
101.3
43, 995
117,516 r 84, 534 113,034
100.4
' 72. 2
96.5
32, 935
16, 549
26, 839
135, 272 r 104, 605 131,518
r
115.6
89. 4
112.4
49, 891
33, 383
45, 640
6,928
6,238
7,132
6,801
97
100
6,757
98
7,053
97
6,822
93
7,001
96
6,820
96
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons.. 150,551
Percent of capacity
128. 6
Railway specialties
short tons.. 35, 723
Production, total
do
134, 778
Percent of capacity
115.2
Railway specialties
short tons.. 46, 357
Steel ingots and steel for castings: t
Production
thous. of short tons..
7,129
Percent of capacity!
95
Prices, wholesale:
Composite, finished steel
dol. per l b . .
Steel billets, rerolling (Pittsburgh)
dol. per long ton_.
34.00
Structural steel (Pittsburgh)...dol. per lb-- .0210
Steel scrap (Chicago)
dol per long ton..
18.75
U. S. Steel Corp., shipments of rolled and
finished steel products!--thous. of short tons..
1,739
7,243
99
6,970
98
7,164
98
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
34.00
.0210
20.00
34.00
.0210
19.25
34.00
.0210
19.88
34.00
.0210
18.95
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18.75
34.00
.0210
18. 75
1,682
1,548
1,720
1,688
1,745
1,667
1,754
1,664
1,851
1,624
1,846
370
276
1,035
54.6
1,046
315
1,072
56.6
1,077
428
1,463
77.2
1,474
1,214
1,619
79.0
1,619
39
1,317
1,558
76.0
1,549
48
1,497
1,590
77.6
1,600
1,850
1,781
86.9
1,777
43
1,762
1,586
77.3
1,604
25
2,047
1, 859
90.7
1,851
34
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands..
Production
do...
Percent of capacity.
Shipments
thousands. _
Stocks, end of month
do
Boilers, steel, new orders:
Area
thous. of sq. f t . .
Quantity
number _.
Furniture, steel:
Office furniture:
Orders, new
thous. of dol._
Orders, unfilled, end of month
do
Shipments
do
Shelving:
Orders, new
do
Orders, unfilled, end of month
do
Shipments
do
Porcelain enameled products, shipments!
thous. of d o l . .
Spring washers, shipments •
do
Steel products, production for sale.f
Total
thous. of short t o n s . .
Merchant bars
do
Pipe and tube
.do
Plates
do
Percent of capacity*
Rails
thous. of short t o n s . .
Sheets, total
do
Percent of capacity
Strip:
Cold rolled
thous. of short t o n s . .
Hot rolled
do
Structural shapes, heavy
do
Tin plate
...do
Wire and wire p r o d u c t s . .
do
Track work, shipments.
short t o n s . .
r
1,977
1,939
88.8
1,940
33
1,454
76.7
1,444
63
52
47
37
890
1,584
83.6
1,582
39
37
1,492
1,713
83.5
1,711
40
2,935
1,048
2,210
994
1,500
845
3,522
1,294
2,339
1,336
2,560
1,372
1,586
1,415
2,270
1,601
1,411
1,246
1,747
1,131
1,341
957
3, 755
1,310
1,929
997
4,490
7,335
4, 236
3,787
3,618
3,152
3,852
4,102
3,368
5,050
5,330
3,821
3,889
5,210
4,010
4,667
5,579
4,298
5,851
7,335
4,095
4,981
7,939
4,349
4,598
8,085
4,452
3,932
7,786
4,314
3,896
7,329
4,352
3,422
6, 840
3,912
4,612
7,105
4,338
1,082
1,405
1,042
924
779
804
940
829
890
1,204
1,103
929
1,346
1,383
1,066
1,278
1,454
1,207
1,525
1,850
1,130
1,182
1,932
1,082
999
1,765
1,166
1,284
2,022
1,027
987
1,837
1,173
858
1,678
1,016
888
' 1, 365
1,058
5,143
290
4,496
281
4,393
303
5.310
320
5,456
331
5,491
355
5,511
375
5,608
366
5,807
338
5,802
348
6,208
321
5,371
276
5, 598
'292
5, 170
511
446
700
118.2
133
895
81.7
4,863
519
409
431
82.6
156
1,122
101.0
4,587
455
5,046
463
436
454
87.0
5,085
471
461
479
91.9
185
1,140
103.9
4,754
439
449
466
92.2
168
1,177
107.3
4,942
470
453
445
88.0
194
1,148
107.8
4,919
443
480
482
90.6
151
991
90.4
5,234
447
485
532
99.7
146
1,018
92.4
5, 059
431
464
519
112.2
127
954
88.5
5,471
503
531
587
124.1
161
1, 053
94.1
4,909
456
415
564
122.8
135
945
87.5
5, 144
490
484
629
132.6
144
889
80. 1
101
138
403
317
407
10, 266
95
153
363
209
409
6,835
91
139
322
205
102
155
374
252
431
10,225
104
144
383
265
412
11,751
107
160
406
287
434
11,012
102
154
373
292
417
11,210
106
130
391
360
104
134
372
325
420
10, 439
110
136
407
342
432
12, 403
101
140
381
323
396
11,711
106
135
369
367
398
12, 247
384
416
88.1
154
1,074
107.3
379
7,973
177
137
366
332
404
10,642
434
10, 236
Revised. »Data are for 7 manufacturers beginning January 1940.
tMonthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
§Beginning January 1942, percent of capacity is calculated on annual capacity as of December 31, 1941, of 88,566,170 tons of open-hearth, Bessemer, and electric steel ingots
and steel for castings: data for July-December 1941 are based on capacity as of June 30, 1941 (86,144,900 tons) and earlier data on capacity as of December 31, 1940 (84,148,350
tons).
t Revised series. Data on pip-iron production converted from a long to a short tonnage basis; data beginning 1913 are shown in table 38, p. 14. of the October 1940 issue.
Steel production and percent of capacity revised completely; for revision through 1939 see table 9, p. 16 of the March 1941 issue; for revisions in 1940 data see p. 49 of the June
1941 issue. Porcelain-enameled pruducts revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p. 49 of the March 1941 issue. Steel prodiu-t«. pro
duction for sale, have been convened to a short tonnage basis; see table 45, p. 14 of the November 1940 issue.
*New series. Earlier monthly data will be shown in a subsequent, issue.
SURVEY OF CURRENT BUSINESS
S-32
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
January
March 1942
1941
January
February
March
April
May
June
July
August
October
No
b™
m
-
METALS AND MANUFACTURES—Continued
NONFERROUS METALS
Metals
Aluminum:
72,043
86,978
62,051
83,400
95,794 j 90,960
86,462
49,732 121,484
Imports, bauxite
-long tons.
Price, wholesale, scrap, castings (N. Y.)
0.0931 ! 0.0938
.0873 » .1039
.1397
.1100
0.0936
.1100
.1100 I .1100
.1100
.1100
dol. per lb_Bearing metal (white-base antifriction), con
sumption and shipments, total (60 manufac5,621
4,754
6,480
4,753
5,506
4,060
4,336
6,505
6,270
5,767
5,830
5,538
6,378
turers)!
thous. oflb..
757
723
991
813
697
529
999
983
911
507
699
625
750
Consumed in own plants (38 mfrs)
do
2,931
2,548
2,399
2,795
3,066
2,138
3,431
2,874
2,696
2,053
2,806
2,838
2,632
Shipments (38 manufacturers)—
do
Copper:
12,285
18,095
8,907
10,589
10,198
11,077
22,382
7,046
8,120
Exports, refined and mfrs.§.
short tons.
C)
54,981 41,472
70, 581
23,684
87,051
71,153
69,838
27,357
49,188
Imports, total§
do...
()
9,637
6,693
18,086
13, 373 15, 546
16,470
19,120
11,359
8,996
For smelting, refining, and export§.__ do
57, 780 55,034
53,368
8,237 16, 991 37, 829 68, 965 45, 344
32,476
For domestic consumption, total*
do
20,063
11,173
19,872
6,056
25, 754 30. 804 23,083
16, 969 16,233
Unrefined, including scrap*
do
22, 261
5,818
37, 907 34,971
2,181
12, 075 38,161
15, 506 37,135
Refined*
do
Price, wholesale, electrolytic (N. Y.)
.1178
.1179
.1178
.1178
.1178
.1173
.1181
.1182
.1182
.1182
.1181
.1178
.1181
dol. per lb-_
Production:
Mine or smelter (including custom intake)
84, 695 81,839
86,019
84,718 ' 88, 463
83,280
79,240
85, 701 88,042
90,342 82, 558 82,099
short tons.. 88,319
81, 553 86,617
84, 799 89,940
85,426
90,017
93,840 93,654
95,322 89,687
89,390
88, 560 86,879
Refinery
do
130,467 119, 758 112,819 134,339 123,629 148, 301 121, 373 150, 111 '119,937 125,585 126,766 124,645 138,585
Deliveries, refined, total
do
130,467 119,736 112,808 134,333 123, 580 148, 301 121,331 150, 078 119,937 125,585 126, 622 124,645 138,585
Domesticef
-do
0
144
0
0
0
22
11
6
0
33
49
0
42
Export
do
63,670
67, 260 72, 352 75, 564
81, 371 116,854
97,689
89,873
74,384
98, 789 93,076
71,930
98,164
Stocks, refined, end of month
do
Lead:
' 19, 762 ' 14,320 27,991
47, 891 65, 401
39, 764 40, 553 33, 374 22,160
Imports, total, ex. mfrs. (lead content)-do—
Ore:
38,779
38, 228 38, 259 39, 390 40,930
40, 901
34,705
38,282
38,665
36,464
37,155
Receipts, lead content of domestic ore-do— 43, 224 38,433
5,603
3,883 ' 4, 291 4,977
3,231
4,652 ' 4, 095
3,778
5,126
3,653
4,576
5,482
3,824
Shipments, Joplin district^.
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
. 0585 .0585
.0628
.0550
.0560
.0577
.0585
.0585
.0585
.0585
.0585
.0585
.0585
dol. per lb_.
47,764
46, 748 43,423
46,104
41,373
37, 221 41,566
39,100
48,829
38, 669 42,048
Production from domestic ore--short tons.. 43, 307 54,658
53, 037 55, 711 54,859
62,090
69,382
47,093
59,169
55,005
43, 537 45,980
50, 680
57, 969 54,067
Shipments (reported)
do
13,671
2 ,531 47,248 46,604
45,996
34,018 24, 265 19,172
42,899
15, 330 13,148
20,185
10,735
Stocks, end of month
_. .do
Tin:
Consumption of primary tin in manufac6,600
6,660
8,130
8,390
8,860
8,830
8,760
8,290
9, 570
8,830
8,560
7,900
tures
long tons..
12, 760 12,195
13,955
10,490
8,355 I 7,700
16,092
12, 575 13, 625 12,715
14,880
8,000
Deliveries (includes reexports) •
do
12,
378
17,
718
13,069
14,311
9,906
14,100
17,
719
16,
285
15,
266
Imports, total (tin content) *
do
C)
323
9
2,115
70
204
2,471
6,144
1,520
3,714
Ore (tin content)*
do
12, 055
9,836
13, 896 15, 247 13, 060 11, 552 14,765
11, 575 12,196
Bars, blocks, pigs, etc
do
.5200
.5140
.5205
.5196
.5216
.5236
.5200
.5016
.5200
.5200
.5335
.9267
.5200
Price, wholesale, Straits (N. Y.)..dol. per lb._
44,107
39,971
38, 788 40, 777 38, 600
44,719
Visible supply, world, end of mo. .long tons..
1,767
5,195
7,205
9,442
7,489
5,016
2,393
2,186
3,500
5,864
2,846
1,127
Unitsd States (excluding afloat)
-do
Zinc:
22, 741 24,342
10,942
13, 841 14, 752 20, 426 28,447
14, 745 11,415
Imports, total (zinc content)*
short tons
C)
1,987
2,011
18, 734
8,040 11, 704
2,011
5,624
8,372
For smelting, refining, and export*..-do
3,880
For domestic consumption:
9,223
10,
935
6,537
5,665
7,133
8,715
13,
768
2,362
2,638
Ore (zinc content)*
do
3,415
3,766
799
6,205
4,048
1,245
4,671
3,428
3,735
Blocks, pigs, etc., and old*
do
Ore, Joplin district:}
42,163
37, 655 • 46, 250 39, 220 37, 267 47, 685
46,944
35,196
33, 296 38,566
36, 928 44,882
Shipments
short tons. _ 28,812
8,160
5,130
4,495
2,651
7,091
4,600
5,250
4,730
4,130
5,597
900
4,730
5,000
Stocks, end of month
do
Price, wholesale, prime, western (St. Louis)
.0725
.0725
.0725
.0794
.0825
.0725
.0725
.0725
.0725
.0825
.0825
.0725
.0725
dol. perlb-Production, slab, at primary smelters: X
66,121
73,449
68,543
76,156 '74, 861 '78,643
61, 603 70,341
70, 837 74, 641 75, 524 73,225
short tons-. '79,276
71, 767 73,989 '73,273 '77,763
71,403
67, 640 70,414
73,090
79,413
65,818
71, 569 71,894
Shipments, totalj
do
64,
673
61,061
65,011
63,930
65,
035
61,
770 r 61,064 '65,698
67,
248
57,663
61,
696
62,
714
61, 546
Domestic*
do
19,427
17,969
13,345
14, 859 10,644
11,474
21, 594 23,182
'23,925
11,833
24, 062
13,848
11,101
Stocks, refinery, end of month t
do
Miscellaneous Products
Brass and bronze (ingots and billets) :
16,388
Deliveries
short tons_.
13, 389 14,938
12,429
15, 558 15, 390 15, 308 15, 672 17,180
Orders, unfilled, end of month
do
30, 646 28,981
35,139
38, 253 33, 270 29, 576 30, 535 30, 762 30,891
Sheets, brass, wholesale price, mill.dol. per lb-_
.195
.195
.195
.195
.195
.195
.195
.195
.195
.195
.195
.195
.195
Wire cloth (for paper industry):
Orders, new
thous. of sq. ft._
1,971
1,880
704
773
703
974
1,061
1,819
428
971
534
1,352
1,378
Orders, unfilled, end of month
do
5,481
4,451
1,105
1,317
1,493
5,825
1,801
2,153
6,317
3,330
6,284
2,733
Shipments
do
844
840
740
484
594
665
572
707
976
789
826
764
Stocks, end of month
do
642
629
736
720
764
631
624
680
631
672
630
747
MACHINERY AND APPARATUS
r
' 9,579
Blowers and fans, new orders.. _thous. of dol-'6,543
8, 818
8,067
Electric overhead cranes:
1,131
2,098
2,374
2,291
2,265
5,927
2,640
1,768
2,239
Orders, new
do
749
1,769
2,064
3,163
13,498
13, 814 13, 503 13,731
U , 034 12, 225 13, 298 12,825
18, 415 10,174
Orders, unfilled, end of month
..do
12, 961 13,744
14,654
1.923
1,364
1,102
1,063
1,235
Shipments
do
2,079
1,030
1,217
2,071
1,955
1,678
1,287
2,216
Exports, machinery. (See Foreign trade.)
Foundry equipments
363.8
315.2
312.9
281.1
377.2
285.3
298.7
532.7
408.5
New orders, net total
1937-39=100
281.1
403.8
481.2
358.1
372.0
298.2
329.3
301.8
295.9
405.3
291.2
570.6
New equipment
do
417.4
414.2
273.3
368.4
505.3
339.2
356.9
235.8
272.7
321.0
418.5
236.6
292.5
Repairs
do
326.9
327.2
381.7
304.7
408.7
Fuel equipment and heating apparatus:
Oil burners:
34,143
22,013
23,642
36,194
Orders, new, net
number.- 19, 784 18, 513 16,328
32, 521 28, 511 31,140
27, 451 • 20,202 23, 225
22, 885 22, 321 18, 358 16, 747 18, 057
14,443
15,266
22, 612 22, 448 23,114
18, 588 10, 353 10,590
Orders, unfilled, end of month
..do
34, 707 31,414 •21,813
31,369
16, 203 16, 091 18,160
22,819
19,253
28,848 32, 685 27,845
Shipments
_
do
21,915
27, 294 27,099
31,940
19, 941 22,871
23, 701
27, 639 18,027
25, 682 27,202
Stocks, end of month
do
33,017
27, 304 28,900
42
56
33
44
109
84
48
47
Pulverizers, orders, new.
do
72
61
61
43
46
Mechanical stokers, sales:
'5,335 '5,416 ' 9, 717 ' 9. 924 ' 14,155 '21,401
26,050 j 28,244
26,720
Classes 1, 2, and 3
do.
6,153
22,888
10, 613
8,3 3
C lasses 4 and 5:
Number. __
_
241
171
177
215
222
234
400
403 I
487
418
401
264
Horsepower
_
66,426
56,011
42,510
52,894
55,387
63,238
93,515
91,051 ' 91,429
83,222 J75,296
53,020
72,229
' Revised. ° See note " ° , " p . 30. ^Data for January, April, July, September, and December 1941 are for 5 weeks; other months, 4 weeks.
Average for 14 days.
1
Average impossible due to lack of offerings part of month. § Data revised for 1939; for exports see table 14, p. 17 and for imports see table 15, p. 18 of the April 1941 issue.
{Revised to include foreign ores beginning January 1940; see p. S-32 of October 1941 Survey for earlier data, c? Beginning March 1941, includes duty-paid foreign copper.
•New series. Earlier data for the new breakdown of copper imports and the new series for tin and zinc imports will appear in a later issue. For domestic shipments of
zinc beginning January 1940, see p . S-32 of the October 1941 Survey.
fRevised series. Data beginning January 1939 for the new series on bearing metal will be published later (see also note marked withn "f" on p . S-32 of the December 1941
Survey). For series on foundry equipment, see'note marked with a " t " on p. S-32 of the September 1941 issue.
•Represents deliveries of foreign virgin tin; virgin tin produced in the United States from foreign ores is not included.
S-33
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Janu1940 Supplement to the Survey
ary
1941
January
February
March
April
May
June
July
August
Severn-
DecemOctober November
ber
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Fuel equipment and heating apparatus—Con.
Unit heaters, new orders
thous. of dol
Warm-air furnaces, winter air-conditioning
systems, and equipment, new orders
thous. of dol .
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units..
Power pumps, horizontal type
do
Water systems, including pumps
do
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of doL.
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
Unadjusted
1934-36=100..
Twelve-month moving totalf
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index..
1936=100..
Adjusted index,
_.
__do
Ironers, household.
units..
Ranges*
do
Refrigerators
do
Vacuum cleaners,floortype..
do
Vacuum cleaners, hand type
do
Washers, household.
_
__do
Electrical products:
Industrial materials, sales billed.-.1936=100..
Motors and generators, new orders
do
Transmission and distribution equipment,
new orders
1936=100-.
Furnaces, electric, industrial, sales:
Unit
kilowatts. .
Value
thous. of doL.
Electrical goods, new orders (quarterly)
thous. of dol-.
Laminated fiber products, shipments
do
Motors (1-200 hp.):
Polyphase induction, billings t
do
Polyphase induction, new orders t
do
Direct current, billings
do
Direct current, new orders
do
Power cable, paper insulated, shipments:
Unit
thous. of ft..
Value
thous. of doLiRigid steel conduit andfittings,shipments*
short tons-.
Vulcanized fiber:
Consumption offiberpaper
thous. of lb..
Shipments
thous. of doL.
' 3,848
' 4,450
6,482
7,062
' 9, 485
' 11, 357
19,552
15,001
36,475 46,572 45,682 39,527 41,360 ' 37,668 31,663
975
1,176
1,209
984
1,295
1,376 * 1,498
' 24,448 r 25,873 • 24,599 ' 24,420 ' 24,835 •20,222 r20,809
1,150
17,423
44,332
887
17,666
41,504
849
16, 703
41,318
917
'18, 657
43,601
1,483
20,836
40,884
993
23,832
4,138
5,648
4,482
4,820
3,923
5,298
2,613
3,113
3,692
2,459
2,394
2,368
2,459
111
154
102
131
81
130
81
132
82
133
95
135
137
139
167
142
228
145
246
149
253
152
182
151
185
153
202.7
199.6
118.4
193.2
158.6
157.7
192.1
206.4
203.9
157.7
144.3
183.9
204.5
167.1
193.3
162.9
169.0
161.5
167.8
181.3
158.8
145.6
21, 246 18,478
14,545
20,492
15,916 10,352
20,986
21, 789 21,767 20,283
17,166
64,476 50, 759 66,206
51,790
51,730 38,350
50,516
61, 647 65, 692 65,359
376, 214 358,402 423,010 482, 587 433, 670 378, 054 339,421 270,543 164, 521 132,972 92,034
117,408 129,302 178,045 165, 672 156,816 146,889 155,843 150,620 182, 550 127,190 110,618
30,177 34, 696 46,284 44, 602 42,394 35, 783 31,977 27, 686 33, 239 21, 730 20,367
133, 411 155, 546 191,325 213, 611 206,030 188,365 213,862 148,811 145,194 147, 390 103,288
144.3
209.7
10, 302
48,705
100,572
113,416
14, 446
113,054
30,196
187.4
220.6
194.5
275.9
223.3
342.3
234.4
263.2
237.1
406.5
251.7
429.7
240.8
444.1
!
243.0
307.0
254.5
370.0
272.8
332.8
238.1
329.7
252.8
425.2
283.9
273.0
355.8
250.9
303.0
289.1
335.9
288.8
360.4
384.7
r 355.7
10, 516
924
21,508
1,719
31, 595
1,402
13, 774
997
9,689
646
11, 626
945
11,644
976
18,312
1,522
22, 291
1,733
12, 924
1,060
8,617
646
3,370
2,123
2,330
554,115
2,606
2,659
2,896
581, 675
2,791
2,822
2,803
629,028
3,102
3,363
2,997
583,214
' 3,151
6,061
7,086
2,140
3,974
4,121
4,635
1,399
1,862
4,353
5,829
1,381
2,738
4,679
7,523
1,762
2,882
5,044
6,195
1,369
2,060
5,583
7,351
1,793
3,595
5,455
7,750
1,725
4,257
5,983
6,200
1,867
4,512
5,765
5,825
1,761
3,395
6,016
6,560
1,843
3,057
6,298
6,903
2,314
2,903
5,388
5,410
2,074
2,860
6,957
8,176
2,552
4,602
958
1,475
1,083
1,172
1,284
1,457
1,209
1,253
1,373
1,595
1,370
1,751
1,321
1,655
1,510
1,860
1,418
1,729
1,244
1,807
1,487
2,052
1,067
1,536
1,054
1,694
22,834
18, 291
19,468
20, 791
22, 633
24, 310
26,838
26, 540
27,681
28,879
26,412
24,817
28,840
3,454
1,024
3,088
926
3,012
3,448
1,029
3,471
1,158
3,635
1,177
3,762
1,100
3,595
1,178
3,683
1,302
3,785
1,183
3,958
1,202
3,525
1,031
3,738
1,107
PAPER AND PRINTING
WOODIPULP
•Consumption and shipments: • §
769, 700 721,200 811,700 818,200 851, 400 813,500 809,900 844, 400 805,300 876, 700 •863,700 849,300
Total, all grades
short tons..
Chemical:
400,800 342,400 320, 500 362, 200 364,900 387,000 369,800 362,400 387, 700 367,400 396,100 384,300 376,300
Sulphate, total
_
do
345,900 288,200 267,000 303,900 306,800 326,900 309, 800 304,300 327,200 313,000 339,000 328,700 •327,000
Unbleached.
do
263,100 223, 700 214,000 242,600 242,100 248, 000 241, 400 247, 000 252,400 240,600 262,000 257,100 ' 260,400
Sulphite, total
do
151,000 131, 600 124, 500 146,000 146,600 148, 700 143,800 148,500 151,400 140,800 155, 600 144,600 147, 700
Bleached.
do
49, 400 45,400 51,000 50,700 52,500 52, 700 52,500 54, 300 51,400 55, 300 58,700 53,600
Soda..
.
do
Groundwood
_
do
172,100 154,200 141,300 155.900 160,400 163,900 149,600 148,000 150,000 145,800 163, 300 163,600 159,000
48, 738 24,175
13, 828
14,174 35,387
19,378
23, 501 24,870 37,999
Exports, total, all grades*
do
90, 501 109,831 98,027
85,136 95,175 105,031
72,493 69,821 84,967
Imports, total, all grades*
_.do
Chemical:
14, 530
14, 431 15,194 16,447 11,858 15,255
16,287
13,659
15,671
Sulphate, total*.__
do
9,757
10, 552
9,845
9,942 11, 903
7,799
8,001
10, 268
10, 465
Unbleached*
do
75,111 65,158
53,184
61, 300 70,598 57,369
45,907 45,554 55,699
Sulphite, total*
do
30, 575
35,219 28,930 38,055 32,524
25, 859 28,227 30,156
Bleached*
do
17,327 25, 543 22,609
27,608 35,379
28,439 37, 056 32, 634
20,048
Unbleached*...
_
do
17,626
16,804
9,495
17,629
16, 732 20,149
11, 731 16,394
10.199
Groundwood^
do
Production^
Total, all grades..
do
790,314 717,077 806.901 811, 718 846,416 805, 978 777,045 820,838 791,658 869,839 869,526 845,585
Chemical:
383,678 375,525
403,435 355, 713 323, 258 360,073 353,677 377,850 366,582 355, 782 384, 432 366,362
Sulphate, total.
do
347,383 299,429 270,902 301,654 295,010 317, 245 307,094 298,831 323,509 312,395 338, 740 328,623 326, 700
Unbleached
do
Sulphite, total
_
do
274,475 225,486 203,113 237,479 238, 546 244,139 239, 636 235,400 247,231 240,272 263,129 256,464 250,123
Bleached
do
156,195 135,873 120, 598 140,900 143, 227 146,712 145,247 140,525 1147,235 141, 729 155,239 142,832 144,123
53,737
48,304 44,547 51,024 50,319
53,152 52,160 50,913 54,775 50, 295 54, 518
Soda
do
Groundwood
do
181,415 160,811 146,159 158,325 169,176 171, 275 147,600 134,950 134,400 134,729 155, 263 171,300 166,200
Stocks, end of month:§
Total, all gradesdo
197,500 193,300 188,500 182,000 177,000 169,500 136,700 113,100 99,400 92, 600 98, 500 94,800
Chemical:
14,500 15, 300 14,800 14,000
51,100 49,000 37,800 28,600 25,400
18.900 15,500
16,500
48,400
Sulphate, total
do
9,900
9,600
9,900
14,400
10,700 10,100
19,900
Unbleached.
do
11,000
42,400 46,300 44,100 32, 300 22,600
39,000
80,100 69,200 64,000 60,400 56,600 54, 800 43,100 38,000 37, 600 38, 700 38,000 27,800
Sulphite, total
_
do
17,400
22, 500
26,300 22,100 23,100 22, 700 20,900
Bleached—
do
47.200 43,300 38,200 34,800 32,900 34,400
3,700
4,200
3,600
7,700
7,500
7,000
4,900
7,400
5,600
6,100
3,200
7,200
Soda..
do
76,800 84,100 82,100
69,100 53,500 42,400 34,400 42,100 49,300
Groundwood_
_
.do
58, 600 60,800 65, 600 68,000
3.71
3.71
3.46
3.71
3.46
3.46
3.46
3.46
3.53
3.71
3.46
3.46
Price, sulphite, unbleached
dol. per 100 lb._
3.71
»• Revised.
* Preliminary.
° See note " ° , " p . 30.
'
• Domestic pulp used in producing mills and shipments to market.
JShown in 1940 Supplement and monthly issues through February 1941 as A. C. motors. IData revised for 1939; see table 15, p. 18 of the April 1941 issue.
•New series. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18 of the November 1940 issue (for revision in note regarding coverage of the data,
see note marked with an "*" on p . S-33 of the October 1941 Survey). Data beginning 1937 for shipments of rigid steel conduit and fittings are shown in table 34, p. 26, of
the November 1941 Survey. Earlier monthly data for the indexes of domestic appliances are shown in table 38, p . 22, of the January 1942 issue. Data beginning 1913 for
wood pulp are shown on p . 13 of the October 1940 issue.
§Data on consumption, production, and stocks have been revised for 1939 and 1940 to adjust monthly figures to annual census data on production. The revised data will
be published in a subsequent issue.
tRevised series. This series replaces the adjusted index; earlier data will appear in a subsequent issue.
n
S-34
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1942
January
March 1942
1941
January
| Februi ary
March
April
May
July
June
August
October
September-
X o v e n i - Dec-cm ber
ber
PAPER AND PRINTING—Continued
PAPER
Total paper, incl. newsprint and paperboard:T
Production
short tons,.
Paper, excl. newsprint and paperboard:f
Orders, new
.-short tons._
Production
do
Shipments
_
do
Book paper: cf
Coated paper:
Orders, new
short tons,Orders, unfilled, end of month
do
Production
do—
Percent of standard capacity
Shipments
.short tons..
Stocks, end of month
...do
Uncoated paper:
Orders, new
.-do
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, English finish,
white, f. o. b. mill
dol. per 100 l b . .
Production
short tons-_
Percent of standard capacity
Shipments
.short tons..
Stocks, end of month
do
Fine paper: t
Orders, new
do
Orders, unfilled, end of month
.-do—
Production
do
Shipments
-do
Stocks, end of month
do
Wrapping papenf
Orders, new
.-do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Exports
.do
Production
do...
Shipments from mills
do
Stocks, at mills, end of month
do
United States:
Consumption by publishers.
do—
Imports
do
Price, rolls (N. Y.)
dol. per short ton..
Production
short tons..
Shipments from mills
do
Stocks, end of month:
At mills
-do-..At publishers
do
In transit to publishers
do
Paperboard:
Consumption, waste paper...
.-do
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Percent of capacity
Waste paper stocks, at mills
short tons..
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams..
PRINTING
Book publication, total
no. of editions.
New books
do
New editions
do
Continuous form stationery, new orders
thous. of sets
Sales books, new orders
thous. of books.
: ,002,800 934,996 ! 1,052,665
,079,772 1,150,067 1,093,065 1,093,882 1,161, 261 1,137,079 i 1,242,721 1,162,432 1,172,203
488, 585 465, 537
466, 697 428, 857
471,114 438, 804
565, 856
479, 531
494, 007
589, 695
492,842
506, 087
600,681
532,868
545,621
558, 363
504, 690
521, 340
578,353
507, 063
524,349
26,132
23,354
22,913
86.8
23 388
12* 745
24,967
24, 741
23, 808
86.7
23,905
12, 587
28,113
27, 503
25, 248
91.2
25, 273
12, 637
565,122 '497,125
571,985 '543,165
585, 283 542, 538
572, 746 549, 995
532, 553 520,017
541, 964 526,067
518, 266
545, 473
553,644
24, 276
21.646
29,049
100.0
28,703
13,514
20, 300
17,677
25, 859
96. 2
25,628
13,713
iy.2s<>
14,723
25. 526
91.3
25, 435
13, 745
139, 643
143, 209
134,790 i 135.649
145,861 | 134,649
115.160
119,869
120, 759
107,441
6.95
126, 564
101.6
129, 224
43, 755
7.30
138, 599
107.2
136,180
47, 932
7. 30
7. 30 !
7. 30
128,983 145,887 136, 659
109.8
105.0 111.0
132,720 I 146,523 133,067
47, 271
43,828
43,115
7.30
132, 236
102. 6
133,458
45, 273
71,168
102.591
49, 769
53, 664
51,194
76, 968
120, 602
54, 074
56, 523
49, 078
65,527
126,097
55,115
56,062
48,970
194,352
193,056
181,924
181,928
195, 280 195, 492
199, 691 200, 233
184, 619 190, 581
186, 706 195,017
77, 634
70, 545
268, 706
284, 767
291,112
174,044
263, 659
273,697
281,843
165,898
21,354
13, 138
25, 439
87.6
25, 380
13,719
20, 546
6,772
19, 636
67.6
19, 943
14, 971
20,107
8,532
18, 949
73.4
19, 280
14, 622
21,862
9,076
22,167
80.8
22, 059
14, 397
28, 276
14,091
22, 230
81.0
22, 648
13, 923
33,039
20,613
23, 971
84.1
24, 579
13, 281
137, 942
106,153
117,435
55, 711
113,640
61, 920
133,970
70, 048
150,707
93, 257
165,927
119, 533
139,598
124,865
143, 528
136, 394
7. 30
143, 583
109. 1
141, 828
45, 968
6.30
107, 721
81.0
109, 982
64,141
6.30
104, 071
86.8
107, 359
61, 373
6.30
120, 879
93.8
125,404
56, 721
6.30
121,913
95.4
127, 587
50, 754
6.55
134, 371
100.6
136, 296
49, 687
6.80
128,939
105.1
130,589
47,614
49, 492
21,342
45,169
46, 750
66, 826
48,699
22, 696
42,604
44,032
65, 041
56, 550
35, 612
47, 598
47, 819
65,187
67, 507
49, 742
49,112
52, 791
62, 818
68, 730
66, 475
52, 819
55, 580
59, 356
66, 947
79, 560
49,186
51, 201
57,838
177, 007
89, 722
172,622
172,176
89, 015
167,135
96, 294
157,757
158, 726
84, 075
214, 238
135, 387
174, 357
177,163
87, 556
219, 505 210,195
170, 815 179,794
179 601 195, 764
184,015 201, 330
79, 864
86, 685
268, 110 211,022
311,904 261, 298
291,998 243, 394
143, 477 170, 275
219, 464
245, 607
239, 745
176,137
232, 197
275, 769
265, 724
186,182
276, 452
279, 996
285, 789
180, 389
231,961
21, 032
24, 772
24, 791
92.2
24,692
12,762 S
I
j
r
66,982
131,876
59,607
63,826
43,923
52, 773
51,948
127,734 119,847
58, 242 00, 176
r
60, 053
60, 881
r
42, 430
41,318
183, 054
199, 450
186, 853
185,418
71, 809
197.035
191,666
204,790
205, 921
70.770
171, 950
176, 775
186,799
188,076
68. 96
195,773
172, 528
197, 408
196,880
70, 422
303,126 275, 223
293, 483 293,054
300, 236 296,985
159,145 155,214
293,181
298, 276
305, 010
148,480
321,6P4
318,787
304,685
162, 582
298,938
300, 308
320, 860
142, 030
298,380
300, 823
319,282
123,571
263, 889
274, 471
50.00
82. 621
84, 331
50.00
81.680
83,998
9,904
333,120
53,459
7. 586
330, 259
55, 037
|
i
I
i
r
50.00
84, 628
80, 787
229, 799
192, 240
50.00
89,124
84,141
219,362
187,170
50.00
79, 720
81,241
258, 518
221, 542
50.00
87, 376
85, 503
256,431
237,639
50.00
87, 000
91, 487
260, 827
276, 256
50.00
90, 913
91, 689
242,404
252,872
50.00
83, 962
85, 424
215,012
247,103
50.00
83,199
84, 641
11,427
366, 236
46, 362
18,438
301,562
34, 719
16, 917
284, 799
42,163
18, 790
252,856
44, 312
14,303
255, 588
46, 679
13, 527
252, 381
51,197
12,065
277,681
49,687
10,623
13,459
320, 602 345,158
40.451
38, 706
262,488
(">
50.00
87, 0C8
87,318
11,614
11,864
341,884 334, 529
46, 608 46, 570
425, 878
581.502
406, 348
580,059
96.8
181,456
322, 408
520. 931
160, 561
446,979
76.1
264, 393
310. 969
470, 671
202,284
426,419
81.5
260.890
371, 253
543, 988
252, 611
485, 758
85.4
253, 009
357, 091
580, 038
330, 779
499,930
87.9
262, 398
377, 595
572, 522
370,151
526, 286
89.4
269, 737
374,185
525,325
383, 534
504,413
92.3
264, 631
384, 765 411,073
569, 252 565,853
435,891 452,966
503, 620 545.116
85.6
95.9
272, 317 237,339
422,361
542, 792
444,736
538.405
95.0
218,257
464,446
595,634
446,033
583,668
98.9
189,163
419,770
527, 829
433, 788
536. 646
98.5
167, 424
437, 902
521, 866
404,121
545,050
92. 6
186, 522
106,890
116,944
137,17/
129,119
135. 571
130,852
146, 734
173,022
141,985 i 138,555
138, 327
199,373
568
508
60
891
722
169
1,310
1,100
210
918
800
118
1,051
887
164
894
708
186
593
102
985
774
211
903
780
123
171,273
19.947
192, 228
18,328
207, 715
19, 621
188, 909
21,331
203, 327
24,470
262, 591
26,137
195, 361
26, 219
219, 326
26, 544
271,203
27, 878
299. 591
28, 278
223, 492
24,859
261,913
23,307
60,418
262, 613
24, 979
224, 361
254,894
50.00
83, 592
80,756
239, 098
242, 570
50.00
78, 657
80, 252
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER*
Crude rubber:
Consumption, total
long tons.For tires and tubes (quarterly)
do
Imports, total, including latext
do
Price, smoked sheets (N. Y.)
dol. per l b . .
Shipments, worlds
long tons..
Stocks, end of month:
Afloat, total
do
For United States.._
do
British Malaya....
do.___
United States i
do
Reclaimed rubber:
Consumption
.do
Production
.do
Stocks, end of month
_
_do
Scrap rubber consumption
do
.239
68, 653
55, 365
101, 404
.239
126,198
84,912
147,045
64, 577
.219
127,364
97, 081
.222
132, 500
106, 540
.227
126, 880
53, 655
11V~
83,151
.226
164, 756
000
484
322
767
260, 000
147, 459
91,121
359, 234
290,000
175,499
90,021
339,108
270,
132,
91,
375,
000
304
200
605
250, 000
90,591
91, 478
426, 253
280,000
141, 756
79,286
455,000
20, 427
21, 574
35, 336
21. 405
22, 775
35, 871
22, 559
23,790
36,265
53, 311
21,725
23, 111
36, 751
20,864
24, 111
39,099
24, 032
24, 678
38,055
56,138
71,374
71, 365
90, 607
69, 024
130,060
87,123
.221
139,164
63, 305
.228
114, 899
250,000
153,169
84, 343
309,411
225,000
136,955
102,425
320, 373
240, 000
140,228
85,437
338,147
270,
153,
95,
329,
19, 086
20, 413
33,380
18, 222
19, 506
33, 654
19,611
22,006
35, 028
46,181
65,989
62, 692
86,833
.199
126, 575
73, 973
.204
()
.232
113,548
285, OC0
172,633
98, 724
454, 711
.231
25, 009
26, 5C0
38.604
r
Revised.
i I n c l u d e s G o v e r n m e n t reserves.
• T h e p u b l i c a t i o n of detailed foreign t r a d e statistics h a s been d i s c o n t i n u e d for t h e d u r a t i o n of t h e w a r .
fRevised series. F o r revised d a t a for " t o t a l p a p e r , " " p a p e r , excluding n e w s p r i n t a n d p a p e r b o a r d , " fine, a n d w r a p p i n g papers beginning 1934, see table 43, p p . 12 and 13,
of t h e N o v e m b e r 1940 S u r v e y .
t F o r m o n t h l y d a t a for 1913 t o 1938, corresponding to t h e m o n t h l y averages on p . 148 of t h e 1940 S u p p l e m e n t , see table 28, p . 18 of t h e M a y 1940 S u r v e y ; for revised d a t a
for 1939, see t a b l e 15, p . 18 of t h e April 1941 S u r v e y .
d"In recent m o n t h s t h e n u m b e r of companies reporting has fluctuated to such a n extent t h a t tonnage figures are n o t c o m p a r a b l e from m o n t h t o m o n t h .
{Beginning w i t h t h e J a n u a r y 1941 Survey, 1 d a t a for world s h i p m e n t s of crude r u b b e r are from t h e Statistical Bulletin of the International Rubber Regulations
Committee;
earlier d a t a from t h i s source h a v e bern in close agreement w i t h d a t a compiled b y t h e B u r e a u of Foreign a n d D o m e s t i c C o m m e r c e , s h o w n in previous issues of t h e S u r v e y .
• T h e p u b l i c a t i o n of r u b b e r s t a t i s t i c s , w i t h t h e exception of t h e price series, has been discontinued.
8-35
SURVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
April
May
June
July
August
Septem-
October
Novem- | December j her
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Production . . .
thousands..
Shipments, total
do
Original equipment
do .
Replacement equipment
do
Exports
do
Stocks, end of month
do. _.
[nner tubes:
Production .
do . .
Shipments, total
do
Exports
do
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
.thous. oflb_.
RUBBER AND CANVAS FOOTWEAR
Production, totaL.
thous. of pairs._
Shipments, total
do
Stocks, total, end of month
do
1,461
1 231
985
4,643
1,377
1,261
4,757
5,486
4,850
2,291
2,430
128
9,797
5,161
4,896
2,546
2,197
153
10,029
5,686
5,517
2,638
2,722
158
10,149
5,839
5,999
2,334
3,487
178
9,958
6,091
7,676
2,700
4,816
160
8,373
6,379
7,602
2,757
4,709
136
7,088
5,578
6,450
1,998
4,309
143
6,235
4,983
5,394
1,122
4,132
140
5,834
4,563
5,259
1,469
3,661
129
5,154
4,834
5,867
1,994
5,113
4,474
96
7,633
4,887
4,610
102
7,924
5,349
5,181
137
8,069
5,481
5,358
127
8,143
5,839
6,310
109
7,686
6,264
6,908
104
7,010
5,278
5,917
89
6,357
4,435
4,780
105
6,071
4,143
4,792
90
5,431
88,614
83,649
5, 546
6,300
8,315
5,939
6,614
10,377
5,543
5,166
10, 754
5,827
5,359
11, 222
6,628
5,555
12,272
6,084
5,134
13,223
6,278
5,668
13,834
3,964
4,048
1,804
2,967
2,604
1, 289
4,123
4,043
4,417
4,137
5,143
(a)
4,448
3,725
3,825
2,729
2, 390
4,377
4, 678
(a)
78, 638
4.789
6,366
12, 256
5,543
6,990
10, 809
5,844
7,422
9,228
6,848
7,433
8,650
6,362
6,287
8,725
6,532
6,086
9, 170
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
.thous. of bbl.
Percent of capacity
Shipments
thous. of bbl_
Stocks, finished, end of month.
___do
Stocks, clinker, end of month
do
CLAY PRODUCTS
Common brick, price, wholesale, composite,
f. o. b. plant
dol. per thous.
Floor and wall tile, shipments:
Quantity
thous. of sq. ftValue
.thous. of dol.
Vitrified paving brick:
Shipments
thous. of brick-.
Stocks, end of month..
do
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Percent of capacity
Shipments, total
thous. of gross,.
Narrow neck, food*
do
Wide mouth, food*
do
Pressed food ware*
_ do
Pressure and non-pressure*
do
Beer bottles*
do
Liquor ware*
do
Medicine and toilet*
do
General purpose*
do
Milk bottles*
do....
Fruit jars and jelly glasses*
do
Stocks, end of month
do
Other glassware, machine-made:*
Tumblers:
Production
thous. of doz_.
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of doz..
Plate glass, polished, production
thous. of sq. ft-Window glass, production
thous. of boxes. Percent of capacity
GYPSUM AND PRODUCTS
Crude:
Imports
short tons..
Production
do
Calcined, production
do
Gypsum products sold or used:
Uncalcined
do
Calcined:
Building plasters:
..do
For mfg. and industrial uses
do
Keene's cement
do
Board and tile, total...
thous. of sq. ft..
Lath
do ..
Tile
do....
Wallboard
do
12, 429
58.9
9,120
23, 245
4,990
9,021
42.4
7,984
24,416
5,092
13.100
12. 201
8,345
43.4
7,456
25,307
5,520
10,596
49.8
9,915
25, 988
6,276
12,196
59.3
14,132
24,056
6,207
14, 732
69.4
16,048
22, 745
6,005
15, 223
74.0
16,109
21, 865
5,757
16,000
74.9
16, 687
21,178
5,522
16, 345
76.5
17, 825
19, 732
5,219
16,115
78.3
18, 284
17, 561
4,804
16, 688
78.6
17,833
16, 417
4,192
14, 931
72.7
13, 724
17,638
4,250
13,810
64. 8
11,511
19, 936
' 4, 575
12. 328
12. 323
12. 404
12. 483
12. 604
12. 723
12. 832
12. 886
12. 921
12. 960
4,565
1,195
4,368
1,117
5,597
1,387
5,219
1,363
6,172
1,629
6,340
1,694
7,192
1,929
6,701
1,890
6,330
1,816
6,831
1,932
5, 289
1,501
5, 029
1,432
1,801
30, 580
1,015
30,442
1,088
30, 402
2,640
30,233
3,612
28, 622
3,384
28, 778
4,056
28, 711
3,906
27, 813
' 5, 873
24, 630
4,551
24, 694
3,113
17,211
6,755
96. 5
5, 877
271
1. 191
45
352
524
905
1,,884
399
257
29
10,279
4,517
65.0
4,177
189
961
41
224
140
589
1,468
337
206
9
10,109
4,368
70.8
4,273
205
909
37
275
167
676
1,433
351
199
8
10, 097
5,128
76.7
5,117
240
1,038
42
412
368
843
1,493
434
213
13
9,979
5,325
79.7
5,573
289
1,113
35
633
418
865
1,522
405
229
41
9,612
6,246
93.5
6,402
326
1,212
49
779
548
991
1,609
453
272
136
9,244
6,166
96.0
6,865
358
1,447
47
763
605
1,028
1,695
477
262
165
8,397
6,291
94.1
6,363
489
1,306
44
691
834
1,603
398
278
200
8,176
6,791
101.6
6,801
830
1,300
39
480
430
922
1,826
410
301
239
8,052
6,286
97.8
6,902
970
1,249
45
333
396
1,071
1,898
410
342
158
7,321
7,094
102.2
6,315
386
1,268
55
312
428
1,043
2,038
472
285
10
7,948
6,179
100.2
5,281
240
979
42
317
264
1,040
1,758
380
243
3
8,711
6, 050
90.5
4,903
210
873
39
332
398
834
1, 580
372
245
4
9, 683
5, 350
4,143
8,797
3,200
2,641
8,775
3,694
4,004
8,419
4,200
4,424
8,115
3,838
4,387
7,499
5, 548
5.055
7,896
4,857
4,863
7,820
4,541
4,382
7,899
4,879
4,826
7,872
4,407
4,998
7,208
4,837
4,937
6,975
4,634
3,584
7,903
4, 34(3
3, 23(i
8, 93fi
495
2. 587
2,316
2,905
3,400
3,922
3,372
3,069
2,903
3,857
3,427
4,082
3,279
2, 553
9, 143
1,639
100.9
19,350
1,561
96.2
15,664
1,397
86. 1
18,266
1,417
87.3
18,344
1,400
86.3
18, 394
1,282
78.9
18, 534
1,304
80.3
12, 463
1,281
78.9
14.126
1,267
78.1
14, 906
1,123
69.2
15, 769
1,524
93.9
14, 277
1, 300
80. 1
10.311
1,(>9(>
104. 5
366, 519
1,335,905
1,099,244
175, 467
811,500
764,500
326. 248
1,197,689
1,026,987
200, 630
'365,682
368,209
317, 781
373, 503
36, 027
6,450
539, 000
322, 700
7,100
209, 200
523, 218
38. 222
7,672
709, 282
472, 696
11,267
225, 319
577, 840
41, 569
8,854
718, 415
479, 794
9,133
229, 488
436, 255
36, 130
6,841
843, 920
567, 393
7, 398
269,129
1,361,034
',088.745
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
..thous. of dozen pairs._ 13,147
12, 747
12,105
12,871
12, 621
11,558
12, 555
12,531 '12,900 '11,499 '11,974 '14,107 ' 12,501
Shipments
do
11,938
12, 869
11,822
11, 573
12, 495
12,737
11, 750
11,933 ' 12,889 '13,785 '13,771 '14,977 ' 12, 585
Stocks, end of month
.do
22, 304
24,527
24,603
24,304
24, 530
25, 493
26, 183 '26,235 '23,991 '22,236 '21,409 ' 21, 367 • 22, 026
'Revised.
<* The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
• New series. Data for glass containers for the period January 1934-December 1939 are shown in table 49, pp. 16 and 17, of the November 1940 issue; minor revisions for
1940 for wide mouth food containers and liquor ware not shown on p. S-35 of the September 1941 issue are available on request; earlier data on glassware other than containers
are shown in table 2, p 17, of the January 1941 Survey.
S-36
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
! 1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1942
March 1942
1941
January
January
February
March
April
May
June
July
August
September
October
Novem- |Decem«
ber I ber
TEXTILE PRODUCTS—Continued
COTTON
Consumption
bales..
By classes of manufactured products:*
Sales yarn
do
Duck
do
Tire fabrics and cords
do
Narrow sheetings and allied fabrics._ do
Wide fabrics
_
do
Print cloth yarn fabrics
do
Fine goods
do
Napped fabrics
do
Colored yarn fabrics
do
Towels
do
Other woven fabrics and specialties ..do
All other cotton products
do
Exports (excluding linters)§
do
Imports (excluding linters)§
do
Prices received by farmers
dol. per lb._
Prices, wholesale, middling (New York)..do
Production:
Ginnings (running bales) •___thous. of bales..
Crop estimate, equivalent 500-lb. bales
thous. of bales._
Stocks, domestic cotton in the United States,
total o*
thous. of bales..
On farms and in transit cf
do
Warehouses
do. ._
Mills
do_.__
945,909
.169
.196
10, 240
844, 839 793, 428 854, 767 920, 950 923, 518 875, 812 929, 782 874,113
875, 682 953,600
208, 560
178, 046 162, 785 174,051 190, 786 191, 607 180, 217 194,236 181,735
47,114 48,098
48, 755 50, 099 54,743 50,421
55,448 51, 955 57,456
51,793
65,649
62, 736 72, 838 70, 540 73, 400 66,194 66, 745 63, 217 66,322 68,129
119,553 107, 894 115, 555 129, 008 125,845 120, 290 130,251 124,757 127, 758 138,419
70, 244 65, 602 70, 726 71,215
71, 382 72, 310 75,151
71,801 75,479 80,901
91,449
81, 743 85, 765 89, 432 85,970 80, 507 88,358
82,514 83, 481 91,416
49, 769 45,022 46,840
54, 320 49, 372
52,473
48,736 48,122 56, 732
38,065 34, 085 36, 495 42, 461 39, 932 38, 733 41,237 40,964 40, 657 46,009
57,124 60, 430 64,421
61, 465 55,156
59,899 62,174
61,677 62, 926 69,850
19, 327 20, 547
19, 881 19, 311 18,983
17, 378 17, 692 19,412
19,972
18,523
35,385 32, 358 34, 341 36, 308 32, 580 31, 569 33,376
32, 216 31,082 35,944
80, 257 92,865 106, 379 114,385 108,275 115, 005 92, 525 78, 624 79,637
70,722
56,185 68, 568 97, 292 74, 009 71, 550 75, 236 61,110 34,967 189, 215 161,668
14,210
28,184
43,322 25,413 40,696
9,624
18, 846 30, 853 26,108
17,243
.175
.094
.097
.153
.166
.095
.128
.105
.117
.143
.107
.108
.177
.168
.171
.104
.144
.113
.129
.164
11,931
12, 298
849, 733 887,326
.158
.170
.162
.179
504
4,713
7,964
9,596
9,915
19,886
4,712
13, 268
1,906
18,818
2,738
13,915
2,165
13,658
2,299
i 10, 976
()
12,805
2,388
17,738
1,288
14,636
1,814
16,899
1,043
14, 009
1,847
15, 978
925
13, 209
1,844
15,003
802
12, 339
1,862
14, 020
843
11,321
1,856
13,099
735
10, 521
1,843
12,031
590
9,640
1,801
21, 628
10,774
9,233
1,621
20, 992
7,990
11,453
1,549
'35,131
7,060
'34,190
9,791
38,513
7,796
37, 947
44, 972
6,680
39, 039
2,929
41,194
4,275
49, 576
3,075
46, 985
5,535
14.94
.055
.067
16.00
.057
.073
18.17
.066
.078
19.81
.072
.084
20.85
.080
.088
21.84
.088
.093
19.06
.078
.095
20.53
.080
.095
20.01
.080
.095
()
COTTON MANUFACTURES
Cotton cloth:
Exports§
thous. of sq. yd_.
Imports!
do
Prices, wholesale:
Mill margins
cents per lb__
Print cloth, 64x60
dol. per y d . .
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth, production:
Bleached, plain
thous. of yd._
Dyed, colors
do
Dyed, black
...do...
Printed
do
Spindle activity:
Active spindles
thousands..
Active spindle hrs., total
mil. of hrs._
Average pers pindle in place
hours..
Operations
percent of capacity..
Cotton yarn, wholesale prices:
22/1,
dol. pp e r l b . .
/ , cones (factory)
( y )
40/ southern,
th
i g l e , carded,
d d Boston...do.
B t d
40/s,
single,
20.32
.086
.103
()
20.45
.080
.094
20.34
.081
.095
20.30
.083
164, 610 159, 429 175,144 178, 538 182, 003 158,569 168,211 171,667 185, 786 188, 594 170,132 180, 792
122, 954 120,108 141,056 146, 235 145,612 125, 282 134, 584 132,177 138, 437 143,718 131, 727 126, 677
6,304
6,042
5, 528
6,270
5,890
6,543
6,989
6,750
6,360
7,116
6,113
107, 857 107, 358 126, 671 122, 245 119, 222 96, 871 98,704 97, 283 98, 757 98,297
78, 572 91,674
23,077
11,364
471
136.9
22, 829
9,902
404
112.3
22, 777
8,922
365
114.0
22, 806
9,593
393
116.9
22, 807
10, 299
423
120.1
23,004
10, 276
422
121.7
22, 995
9,938
408
121.5
23, 028
10, 537
433
123.0
23,029
10,253
421
125.3
22,964
10,407
429
123.7
23,043
11,232
463
125.8
23,069
9,901
409
129.4
23,063
10, 540
437
124.0
.414
.500
.272
.404
.274
.390
.288
.338
.419
.430
.365
.433
.373
.433
.413
.475
.429
.481
.396
.479
.385
.471
.395.481
RAYON AND SILK
Rayon:
37.0
35.0
38.3
35.4
41.2
31.6
38.7
40.2
39.4
38.5
37.3
Deliveries (consumption), yarn*.-.mil. of lb__
39.3
41.7
743
1,660
1,457
2,261
228
1,611
1,304
576
Imports§
thous. of lb_.
C)
1,774
Price, wholesale, viscose, 150 denier, first
.542
.550
.530
.530
.530
.530
.530
.530
.530
.550
.550
.550
quality, minimum filament*...dol. per lb_.
4.9
8.9
4.6
10.0
10.2
4.8
7.4
5.8
3.6
3.8
'5.4
Stocks, yarn, end of monthi
mil. of lb._
4.2
4.5
Silk:
4,685
5,676
28,425
28, 111 25,828 23,538
22,440 24, 251 28, 528
4,160
Deliveries (consumption) 0
bales _
2,069
1,003
3,895
3,263
2,430
3,453
3,551
3,509
2,347
332
Imports, raw§
thous. of lb__
C)
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
3.019
3.080
2.560
2.589
2.816
2.834
3.049
2.886
3.080
3.080
dol. per 1b.
Stocks, end of month:
224,363 214,836 211,174 210,743 214,711 204,606
Total visible stocks
bales.
()
()
()
()
()
63,433
54,106
49,904
50,341 53,436 47,208
49,373
United States (warehouses) ©
do...
53,988 53,008 57, 508 55,486
WOOL
63,010 61,658
Imports (unmanufactured)§
thous. of lb_.
' 72,617 73,045
72,458 91, 788 74,954 84, 759 72,008
Consumption (scoured basis) :f
41,032 41,904 46,750
39,824 42,856 53,720 41,876 45,008
40,115 36,232 39,416
46,970
Apparel class
___
_
do..
10,120 12,255
11,008
13,095
11,144
9,484 10,396
10,965
10,712
10, 588 11,172
11,320
Carpet class
do..
Machinery activity (weekly average) :J
Looms:
Woolen and worsted:
2,602
2,587
2,513
2,522
2,197
2,428
2,491
2,418
2,524
2,411
2,450
2,703
Broad
thous. of active hours
91
94
91
85
96
93
82
94
71
80
90
72
Narrow,
do..
251
244
260
240
246
241
213
233
246
201
230
227
Carpet and rug
do..
Spinning spindles:
90,418 98,398 99, 589 102,929 106,880 110,608 107,592 118,533 113,067 112,470 108,439 110,225
Woolen
do..
104, 279 115,206 115,309 117,465 119, 610 125, 606 117,393 125,902 123, 512 127,204 122, 786 130,267
Worsted
do..
209
192
231
223
216
215
210
218
209
232
220
Worsted combs
do..
233
Prices, wholesale:
1.05
1.14
1.08
1.08
1.06
1.10
1.09
1.08
1.08
1.07
1.08
1.11
Raw, territory, fine, scoured.
dol. per lb_.
1.13
.46
.46
.44
.44
.45
.46
.49
.45
.47
.49
.49
Raw, Ohio and Penn.,
fleeces
.do
.48
.49
Suiting, unfinished worsted, 13 oz. (at
2.129
2.030
2.030
2.005
2.030
2.030
2.089
2.228
1.931
2.228
mill)
dol. per yd__
2.228
2.228
2.228
Women's dress goods, French serge, 54" (at
1.312
1.330
1.262
1.275
1.312
1.213
1.213
1.225
1.411
1.411
1.411
mill)
dol. per yd._
1.411
1.391
Worsted yarn, ^2*s, crossbred stock (Boston)
1.594
1.638
1.675
1.450
1.550
1.700
1.463
1.519
1.800
1.763
dol. per lb_.
1.800
1.740
1
r
2
Dec. 1 estimate of 1941 crop.
Revised.
, p . 37.
Not available.
See note
18 off tthe
h A
i l 1941
i
§Data for 1939 revised; for exports, see table 14, p . 17, and for imports, table 15. p . 18
April
1941 issue.
• Total ginnings to end of month indicated.
5 Data for January, April, July, and October 1941 are for 5 weeks; other months, 4 weeks.
JJMonthly
M t h l data
dt b
i i JJanuary 1930,
1930 corresponding
di to
t monthly
thl averages shown
h
th 1940 Supplement,
Su
beginning
on p. 155
155 off the
appear on p. 18 of the April 1940 Survey.
•New series. Data for cotton consumption by products have been discontinued. For monthly data on rayon yarn deliveries beginning 1923, see table 41, p. 16 of the
October 1940 issue. The new rayon price series replaces the data shown in the 1940 Supplement; earlier monthly data are shown in table 30, p. 22 of the November 1941 issue.
cFRevised monthly data for August 1939—July 1940 will be shown in a subsequent issue.
©Beginning September 1941 certain amounts of raw silk were returned from mills to warehouses; these amounts are reflected in warehouse stocks and should be deducted
from the cumulativejfigures for deliveries. The number of bales returned were as follows: Sept., 542; Oct., 7,927; Nov., 2,717.
S-37
SUKVEY OF CURRENT BUSINESS
March 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the Janu1940 Supplement to the Survey
ary
1941
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
TEXTILE PRODUCTS—Continued
WOOL—Continued
Receipts at Boston, total._.
thous. of lb..
Domestic .
do .
Foreign
do
Stocks, scoured basis, end of quarter, totals
thous. of lb__
Woolen wools, total
do
Domestic
do .
Foreign
do
Worsted wools, total.. _
do
Domestic
do
Foreign.
_
_. do
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
thous. of dol.Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo..thous. linear yd..
Pyroxylin spread
thous of lb
Shipments, billed
thous. linear yd_.
7,555
50,365
4,633
45, 732
51,809
4,129
47,680
49,410
7,151
42,259
76,210
13,655
62, 555
80, 360
29,177
51,184
164, 331
50,886
26, 333
24, 553
113,445
17 933
95,512
P
82,827
32,837
49,990
81,232
42, 780
38,452
61,336
26,570
34,765
208,345
62 213
31, 790
30,423
145,970
53,930
92,040
2.138
5,779
6,064
4,666
6,142
' 5,966
6,652
6,042
6,611
3,896
5,993
5,881
4,443
6,262
6,499
5,520
6,759
7,100
5,588
7,165
7,550
6,137
7,351
7,950
39,704
9,661
30,043
26, 253
11, 735
14, 518
37, 571
17, 281
20, 290
9,658
190, 780
71,971
35,862
36,109
118, 539
41,680
76,859
191, 556
65,508
35, 304
30, 204
125,652
57 334
68,318
5,323
4,779
5,349
4,297
'1,441
'790
'552
9,558
7,464
7,479
8,070
6,473
7,543
10,038
7,142
7,703
8,747
7,097
8,017
9,009
7,488
'7,841
8,206
6,698
7,097
7,825
6,637
7, 398
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft
number..
574
645
597
593
(*)
344
467
481
571
533
511
352
360
Exports§
do
AUTOMOBILES
Exports:
Canada:
Assembled, total
number.. 11,002
8,574
8,796
8,849
11, 798
11,177
9,405 14,457 13,000 22,486 16,932
11,144
5,981
Passenger cars
do
1,036
246
608
619
9&7
312
496
2,099
3,263
1,052
658
378
797
United States:
Assembled, total §
do
21,064
15,912
17,252
18, 536 21,969
15,678
12,975 20,616
13,481
Passenger cars§
do
8,834
7,246
6,943
2,279
8,574
6,706
9,012
6,958
4,056
Tracks§
.do
8,666
10,309
12,230
13,399
9,962 12, 957
9,425
6,017 13,910
Financing:
Retail purchasers, total
thous. of dol_.
147,186 158,693 202, 793 236,800 248, 314 238,040 210,628 172,801 104,079 106, 680
94, 902 104,243
New cars
do
43,427
83,518
80,739
89, 541 118,369 136,464 141,024 129,877 110,625
44, 426
50, 074
47,981
Used cars
...do
60,370
99,
582
88,724
83,815
106,
502
50,140
65,939
68, 574
56, 303
55, 836
107,445 99,362
Unclassified
do
281
754
558
608
787
336
509
579
303
426
718
642
Wholesale (mfrs. to dealers)
do
89,333 198,874 194, 258 198, 295
236,871 248, 288 270, 487 243,103 251, 490 231,323 202, 022 91,773
Retail automobile receivables outstanding,
end of month*..
.mil. of dol..
1,379
1,209
1,255
1,341
1,181
1,560
1,494
1,433
1,435
1,309
1,543
1,500
Production:
Automobiles:
Canada, total
number._ 21, 751
23, 710
26,044 27, 584 26, 585 25,753 24,654 17,192
14,496
23,195
19,360
21, 545
20,313
Passenger cars
do
12.093
11,990
10.647
12,091
4,249
9,840
2,548
7,003
6,651
5,635
3,849
3,160
United States (factory sales), total
do
238, 261 500,878 485,622 507,834 462,272 518,770 520, 525 444,243 147,601 234,255 382,009 352, 347 282,205
Passenger cars
do
147,858 411,233 394,513 410,196 374,979 417,698 418,983 343,748
78,529 167,790 295, 568 256,101 174,962
Trucks
do
[97,638 87,293 101,072 101, 542 100,495 69,072
89,645
66,465
90, 403
91,109
86,441
96, 246 107,243
Automobile rims
thous. of rims..
2,032
1,811
2,131
2,682
2,024
1,271
2,408
1,864
1,532
1,677
2,309
2,061
Registrations:!
New passenger cars
number..
299,179 300,466 420, 058 489, 074 515,034 443,470 391,795 246,595 125,293 165,485 163,126 174,188
New commercial cars
do
43,892
61, 712
55,900
67, 798 70, 269 72,170 62,265 67,412 56,191
41, 352
35,985
41, 006
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants
do
235,422
247,683 255,887 235, 679 240,748 224,517 29,268
89,300 179,120 171,412
United States sales:
To dealers
do
218, 578 208,214 226, 592 233,735 217,120 224,119 204,695
81,169 162, 543 153,904
19,690
To consumers
do
168,168 187,252 253,282 272,853 265, 750 235,817 195,475
52,829 103, 854 126, 281
84,969
Accessories and parts, shipments:
Combined index
Jan. 1925=100. _
214
282
207
210
270
240
286
252
242
246
281
258
Original equipment to vehicle manufacturers
Jan. 1925=100..
244
232
245
278
282
258
271
271
286
279
248
Accessories to wholesalers
do
115
128
116
132
160
174
173
174
136
170
140
154
Service parts to wholesalers
do
174
168
170
297
218
242
302
267
298
215
231
253
Service equipment to wholesalers
do
182
214
255
162
199
216
290
287
208
229
221
RAILWAY EQUIPMENT
Association of American Railroads:
Freight cars, end of month:
Number owned
thousands..
1,641
1,644
1,682
1,689
1,701
1,642
1,647
1,671
1,694
1,656
1,666
1,661
1,676
Undergoing or awaiting classified repairs
thousands..
61
107
101
108
94
62
79
78
68
73
85
Percent of total on line
3.6
6.3
6.7
6.6
5.9
5.8
4.1
4.1
3.7
4.8
4.7
4.4
5.2
Orders, unfilled
cars..
78,974
75, 559
40,030
37,981
41, 091 55,404 64, 027 91,416 88,266 89,917
73,697
86,943
Equipment manufacturers
do
57, 584
52, 563
45, 798
26,427
23, 787
27,756 42,162 49,108 69,140 66,641 65,814
50,661
63,607
21, 390
22,996
Railroad shops
do
21,072
13,603
14,194
13,335 13,242 14,919 22,276 21,625 24,103
23,036
23,336
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
5,812
5,704
3,634
3,378
5,853
5,535
4,022
number..
4,607
3,778
3,370
5,181
4,208
4,862
9.2
8.6
14.4
14.7
10.2
9.6
8.6
Percent of total online
14.7
14.0
11.7
13.1
10.7
12.3
281
249
284
258
132
166
Orders, unfilled
number. _
120
211
300
317
309
231
265
256
229
240
237
113
148
266
Equipment manufacturers
do
107
189
263
201
269
234
25
44
21
20
34
19
18
Railroad shops
do
13
22
48
30
46
31
U. S. Bureau of the Census:
Locomotives, railroad:
1,199
921
515
645
1,022
Orders, unfilled, end of mo., total
do....
460
734
942
622
964
917
876
' 1, 210
522
186
219
205
364
157
297
297
285
Steamt
do
203
255
526
677
529
329
426
667
632
658
Otherf
do.__.
303
419
621
645
'684
102
87
89
82
87
79
Shipments, totalf.
do
64
44
74
79
89
96
87
22
27
8
12
19
16
17
18
9
22
5
15
11
Steamt
do
65
67
65
75
74
70
48
56
79
74
70
76
Othert
—do.._.
b
' Revised.
» Preliminary.
• The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Discontinued.
IDoes not include Australian wool held by the Defense Supplies Corporation. The total includes for June, September and December 1941 a comparatively small
amount of certificated wool in licensed warehouses not included in the detailed figures.
§Data revised for 1939. See table 14, p. 17, of the April 1941 Survey.
Data on exports of airplanes have also been revised, beginning January 1940, to include exports
of "landplanes minus engines." Prior to 1940, these were not reported separately. For revisions for all months of 1940 see note marked " § " on page S-37 of the November
1941 Survey. Beginning September 1941 data on exports of airplanes are not available.
•New series. Data beginning 1936 are shown in table 33, p. 26 of the November, 1941 Survey.
t Since publication of foreign trade statistics has been suspended for the duration of the war, the Bureau of the Census has ceased publishing foreign and domestic data
separately. The series, therefore, have been revised to include both foreign and domestic data. Comparable earlier figures are available on request.
JData beginning June 1941 exclude Federal Government deliveries and are therefore not comparable with earlier data. See note "t", P. S-37, of December 1941 Survey.
S-38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
March 1942
1941
February
May
March
June
July
TRANSPORTATION EQUIPMENT—Continued
RAILWAY E Q U I P M E N T - C o n t i n u e d
U . S . Bureau of the Census—Continued.
Locomotives, mining and industrial:
Shipments (quarterly), total*
number
Electric, total§
do
For mining use
.do
Other*
. do
American Railway Car Institute:
Shipments:
Freight cars, total
do
Domestic
do
Passenger cars, total
do
Domestic
do
Exports of locomotives, total
do...
Electric
do
Steam
._ . . .
do
242
97
94
145
150
58
57
92
6,150
6,150
42
42
173
79
73
94
5,009
4,993
0
0
12
8
4
4,122
4,057
2
2
17
12
5
5,022
4,987
21
21
11
6
5
5,449
5,301
18
18
24
17
7
5,225
4,681
47
47
42
19
23
5,136
5,130
12
12
25
10
15
5,537
5,467
37
37
28
21
7
3,936
3,856
32
32
22
15
7
5,168
5,044
38
30
25
14
11
7,617
6,626
28
28
206
173
33
242
216
26
266
214
52
263
255
8
217
180
37
266
238
28
232
225
7
247
236
11
260
253
7
6,378
6,0"3
42
42
7, 183
7,181
35
29
323
306
17
298
280
18
271
261
10
(a)
(a)
INDUSTRIAL E L E C T R I C T R U C K S
AND TRACTORS*
"Shipments total
Domestic
Exports
-
number
do
do
330
327
3
CANADIAN STATISTICS
Physical volume of business, adjusted:!
Combined index..
.1935-39=100..
Industrial production:
Combined index
do
Construction....
_._do
Electric power...
do
Manufacturing
do
Forestry
...do
Mining
do
Distribution:
Combined index
.do
Carloadings
do
Exports (volume)
do
Imports (volume).
do
Trade employment-.
...do
Agricultural marketings, adjusted:!
Combined index.
do
Grain
do
Livestock
do
Commodity prices:
115.4
Cost of livingf
do
94.3
Wholesale prices
...1926=100..
Employment (first of month, unadjusted):
Combined index
do
Construction and maintenance
do
Manufacturing
.do
Mining
do
Service
.-do
Trade
do
Transportation
do
Finance:
Bank debits
mil. of doL.
77
Commercial failures
number. _
Life-insurance sales, new paid for ordinary!
thous. of doL. 43, 081
Security issues and prices:
90, 326
New bond issues, totalf
do
Bond yields!
1935-39=100..
66.8
Common stock prices!
do
Foreign trade:
Exports, total
thous. of doL_ 152, 307
Wheat
thous. of bu._ 11,145
750
Wheat
flour
thous. of bbl__
Imports-..
thous. of doL. 142,127
Railways:
Carloadings
thous. of cars..
Financial results:
Operating revenues
thous. of dol_.
Operating expenses
do
Operating income
do
Operating results:
Revenue freight carried 1 mile.mil. of tons..
Passengers carried 1 mile
mil. of pass..
Production:
Electric power, central stations
mil. of kw.-hr__
146
Pig iron.
thous. of long tons..
230
Steel ingots and castings.
do
1,556
Wheat
flour
thous. of bbl._
130.5
126.1
124.0
127.9
132.0
135.3
138.5
141.2
149. 7
139.4
131.7
138.3
145.1
244.3
116.7
141.9
126.2
122.7
138.3
223.8
115.7
134.0
121.3
125.0
133.5
139.0
115.8
137.3
125. 6
122.8
139.5
181.5
126.1
140.3
118.4
121.8
143.3
182.0
129.1
140.8
114.0
140.8
149.3
292.3
123.3
141.1
117.0
125.6
150.2
133.2
130.8
155.1
131.0
146.3
156.1
147.0
126.1
163.7
129.8
140.9
171.2
169. 5
136.2
185.9
145.6
126.0
156.9
148.8
137.4
167.9
132.6
123.6
143.3
132. 1
137.5
149. 4
123.2
125. 6
149. 6
188. 0
138.9
152. 3
127. 5
124.4
105.4
123.3
130.5
171.0
115.3
105.1
118.8
148.2
152.7
115.8
107.6
122.9
147.4
153.6
117.9
108.1
127.2
169.2
150.0
120.5
112.6
136.5
196.3
145.9
121.6
111.3
130.0
182.1
143.9
121.8
118.4
141.7
212.7
167.3
121.2
115.6
130.6
189.7
184.1
122.0
113.0
125.0
169.2
185. 6
123.2
109.5
121.1
139.5
170.3
123.9
111.8
126.6
163.2
159. 3
123.4
118.9
141.1
163.9
194.9
146.9
168.7
94.9
59.7
44.3
97.8
50.8
33.5
93.4
113.6
117.8
105.4
227.7
284.3
94.3
145.9
163.6
105.3
179.2
204.1
122.0
182.9
217.4
102.2
98.9
90.5
120.8
116.0
122.9
101.3
164.8
190.1
106.1
176. 1
196. 5
129. 8
108.3
84.6
108.2
85.2
108.2
85.9
108.6
109.4
88.5
110.5
90.0
111.9
91.1
113.7
91.8
114.7
93.2
115. 5
93.8
116.3
94.0
115.8
\X 6
134.2
83.0
142.5
167.6
149.5
160.8
88.7
135.2
82.5
147.4
169.1
148.6
147.0
89.4
135.3
83.0
150.8
168.7
150.2
145.7
90.5
141.3
100.2
158.2
174.1
158.3
149.1
94.3
145.5
120.0
162.3
174.8
165.6
154.5
99.2
152.9
139.5
168.0
177.2
170.9
156.8
99.2
157.4
149.9
172.5
176.8
179.8
158.5
103.7
160.6
160.7
176.9
178.1
184.0
156.8
105.0
162.7
153.9
181.5
181.6
183. 9
157. 5
105.9
165.8
155.4
185.0
182.3
175.7
160.9
104.2
167.6
147. 7
187. 6
185. 0
173. 7
163.4
102.8
2,941
79
2,540
105
2,838
90
2,984
67
3,266
84
3,301
45
3,627
57
3,427
80
31, 500
33,700
35,398
36,172
3,242
58
32,681
3,150
67
28,326
4,241
72
33,670
29, 597
33, 975
41, 740
44, 984
84, 235 115,271
96.1
96.3
66.5
71.3
42, 524
95.8
66.8
78,830
95.9
65.8
115,119
95.9
63.9
876,920
96.4
64.0
111,290
95.8
67.5
83, 497
95.4
67.8
62, 521
95.2
71.0
341, 680
94.9
69.1
94, 851
93.6
68.8
" 91,98
93. C
67.2
88,953 100,532 102,995
4,880
9,460 11,623
355
607
559
98, 382 89, 632 107,982
118,425
20,322
850
106,268
162,663 146,822
29, 623 23,114
1,341
1,751
128,096 114,924
170,901
19,346
1,922
127,707
150, 496 142, 897
14, 721 11,341
661
1,437
137,913 136, 991
139, 678
11,841
441
140, 819
164.079
22, 105
587
134,191
152.091
18. 271
930
229
218
250
252
276
271
277
279
294
313
286
36,113
29,224
5,095
34,620
28, 558
4,318
40, 613
30,941
7,313
41,887
30,180
9,123
46, 595
32,257
11,068
44, 817
32,122
9,976
45,442
35,248
7,262
46, 524
35, 988
7,393
47, 215
35, 861.
8,973
51, 239
37, 304
11, 483
48,219
35, 496
9,927
3,131
201
3,127
217
4,001
218
3,818
225
4,387
230
4,381
248
4,257
318
4,323
354
4,447
286
4,796
262
4,711
227
2,635
103
186
1,177
2,407
91
173
1,462
2,632
102
195
1,477
2,693
103
201
1,661
2,805
114
206
2,121
2,688
112
187
2,118
2,661
102
197
2,117
2,640
106
203
1.852
2,867
112
201
1,648
3,140
137
223
1,596
3, 184
134
221
1,665
3, 687
7S
3, 221
148
219
r
1,577
a
' Revised.
The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
!Data on life-insurance sales revised beginning September 1936; for revisions see p. 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p. 56
of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base; earlier cost of living data appear in table 35,
p. 19 of the January 1942 issue. Common stock price and bond yield indexes have been converted to the new base by multiplying the old series by a constant. The production and distribution indexes have been completely revised and no comparable data prior to January 1940 are available at this time. Complete 1940 data for production and
distribution indexes are shown on p. 56 of the April 1941 Survey.
^Beginning with July 1940, data are reported by the Industrial Truck Statistical Association and cover reports of 8 companies. They are approximately comparable with
previous data which were compiled by the Bureau of the Census.
§Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
•New series. Comparable data on total shipments are available only beginning January 1940. "Other" includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives: these are largely industrial; for data beginning with the first quarter of 1939, see p. 55 of the May 1941 Survey.
INDEX TO MONTHLY BUSINESS STATl
CLASSIFICATION, BY SECTIONS
Monthly business statistics:
Page
Business indexes
S-l
Commodity prices
S-3
Construction and real estate
S-4
Domestic trade
S-6
E m p l o y m e n t conditions
and
wages,
S-7
Finance
S-l 2
Foreign trade
_ ..
S-l 9
Transportation and communications
S-20
Statistics on individual industries:
S-21
Chemicals and allied products
Electric power and gas_
S-23
Foodstuffs and tobacco
S-24
Fuels and byproducts
S-27
Leather and products
S-29
Lumber and manufactures
S-29
Metals and manufactures:
S-30
Iron and steel
Nonferrous metals and products
_
_ _.
S-32
S-32
Machinery and apparatus
Paper and printing
S-33
Rubber and products
S-34
Stone, clay, and glass products. S-3 5
Textile products
S-35
Transportation equipment
S-37
Canadian statistics
S-38
CLASSIFICATION, BY INDIVIDUAL
SERIES
Pages marked S
Abrasive paper and cloth (coated)
.
34
Acceptances, bankers'
12
Advertising
6
Agricultural cash income
1
Agricultural products, foreign trade
19
Agricultural wages, loans
12, 13
Air mail and air-line operations__
6,21
Aircraft
1, 2, 8,10, 11, 12, 37
Alcohol, denatured, ethyl, methanol
21
Aluminum
32
Animal fats, greases
22
Anthracite
2,3,9, 10,27
Apparel, wearing
3, 4, 6, 8, 9, 10, 11, 36
Asphalt
28
Automobiles
1, 2,3,6,8, 10, 11, 12, 19,37
Automobile accessories and parts
37
Banking
12, 13, 14
Barley
25
Bearing metal
32
Beef and veal
26
Beverages, alcoholic
„
24
Bituminous coal
2,3,9, 10,27,28
Boilers
__
31
Bonds, issues, prices, sales, yields
16, 17, 18
Book publication
34
Brass and bronze
.
32
Brick
35
Brokers' loans
13, 17
Building contracts awarded
4
Building costs
5
Building expenditures (indexes)
4
Building-material prices
3
Butter
24
Canadian statistics
15, 19, 37,38
Canal traffic
20
Candy
---27
Capital
flotations
16, 17
For productive uses
17
Carloadings
20
Cattle and calves
25
Cellulose plastic products
23
Cement
1, 2,3,35
Chain-store sales
6, 7
Cheese
24
Chemicals
1, 2, 3, 8, 9, 10, 11, 12, 14, 15, 21
Cigars and cigarettes
27
Civil-service employees
9
Clay products
1, 2,8, 10, 11, 14,35
Clothing (see also hosiery)
3, 4, 6, 8, 10, 11
Coal
2,3,9,10,27,28
Cocoa
26
Coffee
26
Coke
28
Commercial failures
14
Commercial paper
12, 13
Construction:
Contracts awarded
4
Costs
5
Highways and grade crossings
4, 5
Wage rates
>
12
Copper
32
Copra and coconut oil
22
Corn
-25
Cost-of-living index
3
Cotton, raw, and manufactures
2, 3, 4, 19, 36
Cottonseed, cake and meal, oil-.22
Crops.
--1,22,25,27,36
Currency in circulation
15
Dairy products
24
Debits, bank
_-_
13
Debt, United States Government
15
forDelaware,
FRASER
employment, pay rolls, wages. _ 9, 10, 12
Digitized
Pages marked
Department stores: Sales, stocks, collections.
Deposits, bank
Disputes, industrial
.
„_
Dividend declaration payments and rates-_
l|
Earnings, factory, average weekly and
hourly...
___
11^
Eggs and chickens
1\ 3*
Electrical equipment
2, 3, 6, 8, 10, l\ 3t
Electric power production, sales, revenues-. ' j 2fji
Employment, estimated nonagricultural
Employment indexes:
j
Factory, by cities and States
»
\
Factory, by industries
' 8,
Nonmanufacturing
„
'
Employment, security operations
Emigration and immigration
Engineering construction
Exchange rates, foreign
Expenditures, United States Government.Explosives
Exports
Factory employment, pay rolls, wages
8,9,10,
Fairchild's retail price index
Farm wages
1
Farm prices, index
Federal Government, finances
,lS, t'<
Federal-aid highways and grade crossings. _
'
Federal Reserve banks, condition of
! '
Federal Reserve reporting member banks.- ;
Fertilizers
2 J,
Fire losses
„
'
Fish oils and fish..
22,
Flaxseed
___
Flooring
Flour, wheat
Food products
t, 2,
4, 6, 8, 9, 10, 11, 12, 14, 15, 19, 24, 25, 2$,
Footwear
1, 2,4,8,9, 10,11,
Foreclosures, real estate
Foundry equipment
Freight cars (equipment)
Freight carloadings, cars, indexes
Freight-car surplus
Fruits and vegetables..__
_
Fuel equipment and heating apparatus
Fuels
2,3, 14,27,
Furniture
Gas, customers, sales, revenues
Gas and fuel oils
Gasoline
. . Iff, 28
Gelatin, edible
B|7
General Motors sales
kf
Glass and glassware
1, 2, 8, 10, ll,il$, 3$
Gloves and mittens..
Gold
Goods in warehouses
Grains
3» I7t jj(
Gypsum
35'
Hides and skins
Hogs
(
Home-loan banks, loans outstanding
Home mortgages
Hosiery
Hotels
.
Housing
.
I
Illinois, employment, pay rolls, wages
9*
Immigration and emigration
Imports
10,
Income payments
Income-tax receipts
Incorporations, business, new
'
Industrial production, indexes
Installment loans
Installment sales, department stores
Insurance, life
Interest and money rates
13,
Inventories, manufacturers'
Iron and steel, crude, manufactures
2,3,4,8, 10, 11, 14, 15,30,
Ironers, household
,33
Kerosene
Labor, turn-over, disputes
9,
Lamb and mutton
Lard_
._
Lead
- . 2,
Leather
„
1,2,4,8,9,10,11, 12,14,
Linseed oil, cake, and meal
Livestock
26
Loans, real-estate, agricultural, brokers'. 5> 13, %7
Locomotives
3(7, 3i8
Looms, woolen, activity
3<$
Lubricants
Lumber
1, 2, 3, 8, 10, 11,
Machine activity, cotton, wool
Machine tools
8,, 10,,'H
Machinery
1, 2,3, 8, 10, 11, 14, 15, 19, 32,i$3
Magazine advertising
' M'
Manufacturers' orders, shipments, inven
tories
Manufacturing indexes
Maryland, employment, pay rolls. _
9*
Massachusetts, employment, pay rolls,
wages
9,10^1
Meats and meat packing
'
2,3,8,9, 10,11,12,19,
Metals
1, 2, 4, 8, 9, 10, 11, 15,
Methanol
,#1
Mexico, silver production
Milk
Minerals
2,9,
Naval stores
New Jersey, employment, pay rolls, wages. 9, %0» I
U. S. DEPARTMENT OF COMMERCE
FTERNATIONAL REFERENCE SERVICE
jjContaining data on FOREIGN economic and commercial conditions; market areas; industrial developments;
i of capital; transportation; export and import data; monetary, financial, and budgetary developments;
al laws; tariff restrictions and regulations, etc.; was inaugurated January 1941, Volume I, Nos. 1 to 67t
of the reports, Nos. 1 to 66, inclusive (except No. 6, which is out of print) are available at the single
or $3 for the entire set (except No. 6), from the Superintendent of Documents, Government Printing
D. C. Copies of No. 67, Summary of Foreign Trade of the United States—Calendar Year 1940, are
: charge from the Bureau of Foreign and Domestic Commerce, Washington, D. C , as long as the limited
nance of the International Reference Service was suspended for the duration of the war, December 1941.
when available for 'public use, will appear in FOREIGN COMMERCE WEEKLY; annual subscription
rintendent of Documents.
VOLUME I
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No. 38. India's Economic Position in 1940, 5 cents.
No. 39. Economic Conditions in Iraq, 1940, 50.
No. 40. Distribution of United States Imports in
Occupied and Unoccupied China, 50.
No. 41. Income and Excess Profits Taxes in Australia, 5 cents.
No. 42. Preparing Shipments to Canada, 5 cents.
No. 43. Economic Conditions in Paraguay in 1940,
5 cents.
No. 44. Economic Conditions in Nicaragua in
1940, 5 cents.
No. 45. Economic Conditions in Bolivia, 1940, 50.
No. 46. Trade of the United States with Cuba in
1940, 5 cent*.
No. 47. Trade of the United States with the
Union of South Africa, 1940, 5 cents.
No. 48. Trade of the United States with the Philippine Islands in 1940, 5 cents.
No. 49. Trade of the United States with Australia
in 1940, 5 cents.
No. 50. Trade of the United States with Venezuela
in 1940, 5 cents.
No, 51. Trade of the United States with Brazil in
1940, 5 cents.
No. 52. China's Economic Position in 1940, 50.
No. 53. Trade of the United States and Mexico
in 1940, 5 cents.
No. 54. Economic Conditions in Costa Rica in
1940, 5 cents.
No. 55. Economic Conditions in Argentina in
1940, 5 cents.
No. 56. Trade of the United States with Colombia
in 1940, 5 cents.
No. 57. Trade of the United States with Chile in
1940, 5 cents.
No. 58. Economic Conditions in British Malaya
During 1940, 5 cents.
No. 59. Economic Conditions in El Salvador in
1940, 5 cents.
No. 60. Economic Conditions in Honduras in
1940, 5 cents.
No. 61. French Indochina's Economic Position in
1940, 5 cents.
No. 62. Highways in Latin America, 5 cents.
No. 63. Economic Conditions in Venezuela in
1940, 5 cents.
No. 64. Railways of Latin America, Part I: West
Indies, 5 cents.
No. 65. Living and Operating Costs in Bermuda,
5 cents.
No. 66. Living and Office-Operating Costs in the
Bahama Islands, 5 cents.
No. 67. Summary of Foreign Trade of the United
States—Calendar Year 1940. Free. (See
note above.")
@FedFRASER