Full text of Survey of Current Business : May 1941
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MAY 1941
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UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CARROLL L. WILSON, Director
SURVEY OF
CURRENT BUSINESS
DIVISION OF RESEARCH AND STATISTICS
CHARLES A. R. WARDWELL, Chief, Current Business Analysis Unit
JOHN D. WILSON, In Charge, Survey of Current Business
Volume 21
Number 5
MAY 1941
CONTENTS
The business situation
Maximum steel prices set
Decline in adjusted production index..
Sharp increase in exports and imports.
Page
3
3
4
7
SPECIAL ARTICLE
The relation between corporate bigness and control over the output
of individual products
CHARTS
Figure 1 .—Monthly business indicators, 1936-41
Figure 2.—Indexes of daily spot market prices of 28 basic commodities by groups, August 31, 1939-May 1, 1941
Figure 3.—Indexes of production of selected commodites, without
adjustment for seasonal variations, 1939-41
Figure 4.—Value of construction contracts awarded for residential
buildings in 37 states, by quarters, 1939-41
Figure 5.—Value of construction contracts awarded for manufacturing buildings in 37 states, by quarters 1939-41
Figure 6.—Value of exports of United States merchandise, by
selected countries and regions, 1939-41
10
Page
Figure 7.—Total corporate new capital flotations by type of borrower,
quarterly averages for the years 1936-39, and by quarters for 1940
and 1941
Figure 8.—Number of products manufactured by each of the largest
fifty manufacturing companies, 1937
Figure 9.—Percentage contribution of individual products to the
total value of products of each of the largest fifty manufacturing
companies, 1937
Figure 10.—Percentage distribution of the number of products of
each of the largest fifty manufacturing companies by United States
concentration classes, 1937
STATISTICAL DATA
New or revised series:
Table 16.—Douglas firm, wholesale prices
Table 17.—Revised lumber statistics
Table 18.—Estimated number of new dwelling units provided in
all urban areas
Table 19.—Indexes of cost of living
Table 20.—Department store sales—Minneapolis Federal Reserve
District
Monthly business statistics
Subscription price of the monthly and weekly issues of the SURVEY or CURRENT BUSINESS $2 a year. Single-copy price: Monthly, 15 cents; weekly, 5 cents.
Foreign subscriptions, $3.50. Price of the 1940 Supplement is 40 cent*. Make remittances only to
Superintendent of Documents, Washington, D. C.
311473—41
1
1
12
12
14
2
SURVEY OF CURRENT BUSINESS
May 1941
Monthly Business Indicators, 1936-41
INCOME PAYMENTS
INDUSTRIAL PRODUCTION
160
1936
1937
1938
1939
1940
1936
1941
1938
1939
1940
1941
CASH INCOME FROM FARM MARKETINGS
PRODUCTION OF NONFERROUS METALS & PRODUCTS
250
1937
100
200
70
1936
1937
1938
1939
1940
60
1941
1936
FACTORY EMPLOYMENT AND PAYROLLS
1937
1938
1939
1940
1941
DEPARTMENT STORE SALES
140
100
X- EMPLOYMENT
(ADJUSTED)
PAYROLLS
(UNADJUSTED)
60
Ml
1936
1937
1939
1940
1941
1936
1937
1938
WHOLESALE
FREIGHT-CAR LOADINGS
120
1939
1940
1941
PRICES
100
4QliiiiiliitllliimlimilmnlMmlMil.l
70
l,,M,l,,M,l,,,,,i,.,
1938
1936
1937
1938
1939
r
11 , 1 1 , I , , i, , 1 1 i, n I, , n i
1940
1941
1936
ADJUSTED FOR SEASONAL VARIATIONS
Figure 1.
1937
EXCLUSIVE OF GOVERNMENTAL
1938
PAYMENTS
1939
1940
1941
May 1941
SURVEY OF CURRENT BUSINESS
The Business Situation
IRST break in the year-long upward climb of
Findustrial
output was caused by management-labor
is now under construction and will increase primary
output from the annual rate of 540 million pounds in
disputes in April. Further expansion in industries pro- April to 920 million pounds in the latter part of 1942.
ducing finished defense goods failed to offset reduced Though this will relieve the supply situation consideroutput of coal, automobiles, and steel, and aggregate ably, much new capacity in addition to that announced
production declined for the first time in 12 months. thus far must be provided if the tight position is to be
Directly reflecting this decrease, freight loadings and completely eliminated. Meanwhile, the price of the
electric power output fell to the lowest levels of the primary metal has remained unchanged through coopyear, though still remaining substantially above the eration from the producers, and maximum prices have
same period in 1940. In the construction field, how- been established in the secondary markets.
From month to month necessary supplies are alloever, the advancing pace of residential and plant building showed no signs of diminishing and total activity cated to military producers by the Priorities Division
continued high. Similarly, retail buying remained in of the Office of Production Management. The remainheavy volume after the best Easter season since the ing metal, including scrap, is then apportioned by the
latter twenties; while on the foreign trade side, March same office among producers of civilian goods on the
reports revealed one of the largest export totals since basis of broad preference principles laid down by it
and the Office of Price Administration and Civilian
the outbreak of war.
Among the month's important defense developments, Supply. For example, purchasers of aluminum for
the establishment of the Office of Price Administration products essential to public health and safety or for
and Civilian Supply was of especial interest to the replacement parts of standard apparatus which cannot
business community. To this office the President dele- be redesigned to use substitutes receive a large percentgated broad powers for implementing necessary control age of their requirements. But manufacturers of prodover prices. Since prices are the focal point of all ucts in which a substitute for aluminum is available
market forces, the Executive order expressly set forth obtain small amounts as compared with what they foras the concern of the office a number of diverse but merly received.
Wide substitution for aluminum is possible and at
related items. The more important of these include the
setting of maximum prices, stimulation of raw material present the necessary substitutes are available in adeand finished consumer goods supply, and formation of quate amount. Hence, while the shortage this year will
programs for distributing equitably products which require much readjustment of productive methods and
remain in inadequate supply after defense requirements possibly some decline in the quality of finished products,
have been fulfilled. The office also is expected to its effect on the total output of most civilian commodicooperate with the Office of Production Management ties will be small. Only as increasing tightness eventuin regulating inventories. That inventory regulation is ally develops in the supply of some substitutes will the
a necessary part of control over prices and supply is shortage of aluminum be a factor contributing to limself-evident. Its practical importance at the moment ited output of particular civilian commodities. If this
was suggested by the announcement at month's end should occur, the Office of Price Administration and
that the Division of Priorities would exercise control Civilian Supply will be faced not only with the probover consumer and producer stocks of 16 metals and lems of what and how much of various commodities
classes of metals. This was in addition to inventory shall be produced, but it will also have to formulate
control in the case of the seven commodities being plans for equitably distributing the scarce finished goods
among the ultimate consumers.
strictly allocated under mandatory priorities.
Aluminum Situation Illustrates Problems.
Maximum Steel Prices Set.
Some of the problems confronting the new office, as
well as its joint relationship with the Office of Production Management in solving them, are aptly illustrated
by the present situation in aluminum. With an extremely large proportion of April shipments of the
primary metal going to industries producing for defense
needs, supplies available for civilian demand fall far
short of those used in 1940 when consumer incomes
were much lower than now. New capacity, organized
with the help of the Office of Production Management,
As one of his first acts, the Price Administrator established a schedule freezing steel prices at the levels
which prevailed during the past quarter. This followed
substantial wage increases in the industry and was
announced as temporary while "the effect of the defense
program upon the industry and its cost factors might be
rationally appraised.77 That modifications would later
be made if warranted was indicated by experience in the
bituminous coal industry. There a ceiling on prices had
been established March 28. But this was raised April
SURVEY OF CURRENT BUSINESS
16 after wage costs had increased, the Administrator
pointing out "that these prices, generally speaking, do
no more than return to producers their average costs.7'
Meanwhile, the marked advance of the past several
months in basic commodity prices was appreciably
AUGUST 1939 = 100
150
no
100
90
1939
1940
194!
0.0. 41-108
Figure 2.—Indexes of Daily Spot Market Prices of 28 Basic Commodities by
Groups, August 31, 1939-May 1, 1941 (U S. Department of Labor).
NOTE.—Daily figures August 1939=100. Data plotted are for Thursday each week,
unless a holiday falls on this day, in which case Wednesday prices are plotted.
diminished during April. The 28 commodities index
moved only from 134.4 to 137.6, the smallest increase
since January. In contrast to recent experience (shown
in fig. 2), the rise which did occur was concentrated in a
few domestic agricultural and foodstuff commodities,
imported products showing but very small change.
Much of the gain was associated with products whose
prices are currently being supported by the Department
of Agriculture through purchases in the open market,
either to encourage increased production or for export
abroad. Thus, under stimulus of Government buying
at higher prices, hogs (100 pounds) rose during the
month from $7.92 to $8.77, one of the highest prices in
the past 4 years. Lard, which is being exported to
the United Kingdom, advanced from 7.9 cents a pound
to 8.5 cents. Barley, cottonseed oil, rosin, and tin
prices were others experiencing some rise.
In addition to the increased farm and food prices
enumerated above, a smaller advance in certain textile
and chemical prices contributed to a one-point gain in
the Bureau of Labor Statistics7 weekly "all commodity"
index; which ended the month at 83.2. The cost-ofliving index, though tending to rise, shows but a slight
advance over the level of a year ago.
New Business Still Expanding.
The smaller advance in prices was in no sense the
result of a wide change in the demand situation. The
May 1941
latest comprehensive report on new orders—that for
March—revealed continued strength in all lines with a
further rise in the tremendous volume of new business
flowing to most durable goods industries. Thus, the
increase in the Department of Commerce index of
manufacturers' new orders from 189 in February to 194
in March was almost entirely concentrated in durablegoods lines, as the index for this component jumped from
277 to 286. Among nondurables, changes were small,
the aggregate moving only slightly above its high level
of the previous month. With the exception of electrical
machinery, and iron and steel, almost all durable
industries shared in the advance. New iron and steel
business, which in recent months has grown most
rapidly, equaled the huge February volume.
At the same time, shipment of commodities in most
heavy demand also expanded. A larger movement of
durable goods raised the aggregate index of manufacturers' shipments from 159 in February to 164 in
March. The chief gain occurred in aircraft and railway equipment, though products of the iron and steel,
machinery, and automotive industries were also moved
in greater quantity. Most nondurable shipments (on
a daily average basis) remained at their February
level, at which time they had been sharply expanded.
However, shipments still did not match incoming business, and order backlogs in the durable goods manufacturing industries rose another 8 percent. These have
been growing at a reduced rate over the past several
months; an increasing proportion of the backlogs, moreover, does not reflect current demand but rather represents an effort on the part of buyers to assure deliveries
necessary many months hence.
That goods produced are now flowing in somewhat
larger degree to ultimate consumers was again apparent
from March inventory reports. Aggregate accumulation by manufacturers was about 125 million dollars,
more than the 75 million dollars in February but much
less than the monthly average of last fall and early
winter. As usual, rapidly expanding defense industries requiring larger raw material and goods-in-process
stocks led the upward movement. In nondurables,
where considerable excess capacity is available, inventory shifts were small.
Decline in Adjusted Production Index.
For the first time in a year of steadily expanding
demand, aggregate output in April failed to respond
with an advance. Labor-management disagreements
curtailed production in a number of important industries, and though output in many other sectors continued to increase at the rapid pace of previous months,
the Federal Reserve's unadjusted index declined rather
sharply from its record March high of 143. After allowance for the seasonal variation usual in more normal
May 1941
SURVEY OF CURRENT BUSINESS
times, the adjusted index slipped below the February
level of 141. The downturn in April, which must be
regarded as temporary, followed an upsurge in the unadjusted index which averaged about 3 points per
month in the 8 months from August through March.
By far the largest April decline occurred in the bituminous coal industry. Cessation of work began in
In contrast to the normal experience of past years,
output in the automobile industry also declined
sharply, the result of a shut-down in the operations of
the Ford Motor Co. during part of the month. However,
delivery to dealers by other companies remained very
high in response to record sales and production averaged
more than 100,000 weekly as compared to 126,000 in
March.
19351000
Some offset to these declines was provided by inAIRCRAFT
900
dustries whose products are in extremely heavy demand
for defense purposes. The expansion in some of the
800
more important of these is shown in figure 3. Over
700
recent
months shipbuilding activity has been rising at an
600
average rate of 8 percent, aircraft and machinery growth
500
have averaged about 6 and 4 percent, respectively, and
400
monthly output in the shops of the railroad car industry
300
(partly ordnance) has increased slightly less than 2
200
percent. A further advance in these lines was evident
during April. Not only is newly constructed capacity
100
being made available—especially in the shipbuilding
and aircraft industries where an enormous expansion is
500
SHIPBUILDING
yet to come—but much idle capacity remains to be
400
utilized. Field investigations by the Department of
^S
300
^
Labor indicate that in most lines (with machinery an
_^~s
200
.-*—
•
—
outstanding example) operations have been at capacity
'
•
too
for
only a single shift.1 Personnel employed on other
. , i , , I , , i , , , , , , , ! , , , , , , . . , , ! , , . , ,
0
shifts has usually been small, though overtime work
has been widespread. Moreover, 7-day operations are
still the exception and not the rule.
Textiles have been another area of considerable expansion over the past few months. Cotton consumption in March reached the record high of 854,000 bales
and was further extended on a daily average basis in
April. Among other industries of importance, production of crude petroleum remained virtually unchanged,
1941
1940
1939
while lumber output increased less than it usually has
Figure 3.—Indexes of Production of Selected Commodities, Without
in past years.
.Adjustment for Seasonal Variations, 1939-41 (Board of Governors of the
The heavy decrease in coal production was instruFederal Reserve System).
mental in reducing freight carloadings about 9 percent
most union mines on April 2 and continued throughout under the March average. Movement of coke and
the month, reducing output to about 13 percent of tjiat grains also dropped, the latter less than seasonally.
in March. Activity in the latter month had been un- Miscellaneous shipments, which include most industrial
usually high because of consumer stocking in anticipa- commodities, again rose above their already high level,
tion of the stoppage; so that even after allowing for a though the gain was less than the normal gain of past
normal seasonal decrease of 12 percent, the precipitous seasons. But the largest percentage increase occurred
drop was in itself enough to reduce the Federal Reserve in movement of ore. In anticipation of a record season,
navigation through the Soo Canal opened earlier than
adjusted production index by more than 4 points.
The steel industry began to feel the effects of the coal at any other time in the history of lake transportation,
stoppage by the end of the month. Inadequate coke and by April 10, 90 percent of the Great Lakes ore fleet
supplies forced some furnaces to shut down, and activity was in operation. For April as a whole more than
was reduced from about 100 percent of capacity in the 6,950,000 gross tons were loaded into the boats at upper
first part of the month to 94 percent during the final lake ports, which compared with 465,000 tons in the
week. Production for the month as a whole was like month a year previous.
6,758,000 tons, as compared with the record of 7,146,000
i See Extent of Week-End Shut-downs in Selected Defense Industries, Monthly
tons in March.
Labor Review, March 1941, pp. 539-545.
6
SURVEY OF CURRENT BUSINESS
A further reflection of lower industrial activity was
to be found in reduced electric power output. This
declined somewhat more than seasonally from a weekly
average of 2,818 kilowatt-hours in March to 2,738
kilowatt-hours in April.
Large Residential and Plant Construction.
The construction industry furnished a more typical
picture of the response of business activity to existing
demand during April than was evident in industrial output. Propelled by large contract backlogs and heavj7
current awards, many types of new building are now
steadily expanding. While activity as a whole has
continued very high, further gains during the last 2
which is directly necessary for defense purposes. For
example, the Dodge Corporation publishes a defense
construction component. But this classifies as nondefense many publicly financed plants for which contract awards are let by private firms wrho will manage
the facilities. Moreover, all plants being erected under
" certificates of necessity" (which give a company plant
amortization privileges for tax purposes) are classified as
private rather than defense building. About 35 to 40
percent of total defense expenditure on manufacturing
facilities is devoted to plant construction. Hence
contracts had been awarded or commitments made from
June through April 15 for about 800 million dollars of
publicly financed pla.nt expenditure, while private in-
MILLIONS OF DOLLARS
600
MlLLiONS OF DOLLARS
3001
400
200
200
100
1939
1940
1941
DD-4I-IS4
May 1941
111
1939
lit
194
Figure 4.—Value of Construction Contracts Awarded for Residential Buildings in 37 States, by Quarters, 1939-41 (F. W. Dodge Corporation).
°
Figure 5.—Value of Construction Contracts
Awarded for Manufacturing
Buildings in 37 States, by Quarters, 1939-41 (F. W. Dodge Corporation).
months have been limited by completion of a large part
of the Army Cantonment program. Final cost of these
projects was announced to be 947 million dollars, considerably higher than the 609 million originally estimated to be adequate.
Workers freed from cantonment projects may find
employment opportunities chiefly in growing residential
and plant construction. During the first quarter, contract awards in 37 States as reported by the F. W.
Dodge Corporation were 1,055 million dollars, of which
376 million were residential and 216 million for new
plant facilities. The quarterly movement of contract
awards for each of these categories is shown in figures
4 and 5. Residential awards for the first quarter of this
year are 37 percent above the like period in 1940 and
were the highest for that quarter since 1929. Since
January residential awards have increased steadily and
are now approaching the 1940 monthly peak.
The rise in plant construction, of course, has been the
most dramatic building development since the mid1920's. Contracts reported in the first quarter this
year (and the Dodge Corporation is late in reporting
many plants because of difficulties of classification) were
the highest on record and more than four times those
in the first quarter of 1940. These, too, show an
upward monthly trend.
Published reports do not convey accurately the overwhelming proportion of current plant construction
dustry itself is financing (through aid from the Government in some cases) another 350 million dollars.
Insofar as future contract awards are concerned, present
plans call for roughly twice the publicly financed facilities for which provision had thus far been made, and
it is not unlikely that this figure will be further increased.
With a few exceptions, the vast public plant expenditures are being devoted to various types of ordnance,
aircraft, and shipping plant, the comparative size of
the expenditures in each case following in the order
named. Moreover, of the plant constructed under
" certificates of necessity/' more than a fourth is for
aircraft and parts and about an eighth for guns, ammunition, and ships. Thus, only about 20 percent of
the aggregate plant contracts and certificates of necessity to date are for other than finished war goods facilities. Of this remainder, the most important expenditures
(now^ including both plant and equipment) are 157
million dollars for nonferrous metal facilities, 142
million for iron and steel products facilities, 91 million
for machinery facilities, 44 million for rail facilities, and
33 million for chemical facilities. Excepting the rails
and chemicals these expenditures are very sizable as
contrasted with the average of those made in recent
years when expansion of our peacetime plant lagged.
Only in the food products and petroleum industries are
large plant extensions being made that are not directly
related to defense.
May 1941
SURVEY OF CURRENT BUSINESS
Income Payments at Annual Rate of 80 Billion Dollars.
The extent of the over-all growth in business activity
previous to April was well mirrored in the March figures
on employment, pay rolls, and income. The addition
during the month of another 300,000 new employees to
nonagricultural pursuits raised the total of such workers
to 37,2^18,000, the highest for any March in our history
and 2,366,000 above a year previous. As in earlier
months, a large proportion of the newly employed in
March—more than half—were added to factory pay
rolls. Similarly, industries in the forefront of the defense
program, such as foundries, machine shops, electrical
machinery, shipbuilding, and aircraft, again made the
most sizable expansion in working force. A more-thanseasonal gain was also apparent in the 69,000 new
workers employed by wholesale and retail establishments. The only February-March decline of significance was reported in the construction industry, where,
as pointed out above, wage earners were released by
completion of cantonments.
The growth in pay rolls during March still exceeded
that in employment as longer hours, overtime payments,
and wage increases became more widespread. From
March 1940 the expansion in employment was 14.8
percent as against a 31.3 percent rise in pay rolls. Of
course, in addition to the above named factors, hiring
of a larger proportion of relatively skilled labor in
connection with defense production has helped to
augment pay rolls.
The increased salaries and wages were aided by a
sharp advance in farm income during the month, in
raising March income payments to an annual level of
80 billion. On an adjusted basis, the index of total
income payments duplicated its movement of the previous month, rising from 97.3 in February to 97.8 in
March. Insofar as farm income was concerned, the
index of cash income from farm marketing rose to 89.0
(a new high for the war period) as compared with 84.0
in February. For the first quarter as a whole, income
from farm marketings were 135 million dollars above
last year, a gain of 8 percent.
A further rise in farm income is expected for April
as a result of the developments in farm prices discussed
above. By mid-April the index of prices received by
farmers had risen from its February-March mark of
103 to 110. All major product components shared in
the advance to some extent; so the increased income
was expected to be distributed over a wide section of
the farm community.
Heavy Easter Purchasing.
The present high level of income combined with
favorable weather conditions in the early part of April
to produce the best Easter sales volume on a dollar
value basis since the latter twenties. Heavy purchasing of apparel items as well as continued strength in
the demand for consumers' durables featured the buy-
ing upsurge which lasted through April 12, the peak of
the Easter season. Sales in the 4 weeks preceding this
Easter were 21 percent above the corresponding period
a year ago; regional increases ranged from 9 percent in
the Minneapolis district to 35 and 36 percent, respectively, in the Philadelphia and Richmond districts where
defense expansion has been particularly large. Moreover, the post Easter decline was smaller than usual, so
that expansion during April as a whole was well above
the ordinary seasonal movement.
Other channels of distribution have experienced an
increase in demand in recent months similar to that
faced by department stores. Over the first quarter sales
of general merchandise in rural areas, as well as purchases from chain grocery stores and variety stores,
exceeded volumes of the similar period a year ago by 10
percent or more. Furthermore, in most cases the rise
has been cumulative. For example, the adjusted index
of variety store sales climbed to 119.9 in March from
116.2 in February, while that for chain grocery sales
rose to 126.1 from 122.8 over the same period. An
exception was provided by the adjusted index of rural
sales, which showed little change from the record high
of 150.8 established in February. As yet the risingdollar sales represent purchasing of a larger physical
output, the contribution of higher prices to the increased total having been relatively small.
Buying continues to be most favorable in all durable
goods lines, with heavy purchasing of new automobiles
particularly outstanding. After 2 record months,
March sales shot to 526,000 units, second only to the
April 1929 high, and existing evidence pointed to a
further growth in recent weeks. Automobile agencies
and automobile finance companies are cooperating in
stimulating buying at this time by accepting smaller
down payments and a longer period for maturity of
notes covering the balance of payment. With further
large purchasing this year added to the comparatively
high average output from 1937 through 1940, the public
will be in an exceptionally good position to stand a
sizable cut in 1942 car production. Even now the total
stock of cars in existence is larger than at any previous
time, both absolutely and on a per capita basis, while
among the available cars is a high proportion of late
models capable of rendering service for a long time to
come.
Sharp Increase in Exports and Imports.
The inauguration of lease-lend aid during March
helped to create an expansion in United States export
trade. After declining since last summer, when shipment of war materials from stock made for an extremely
heavy movement of goods, March exports rose to 351
million dollars. This was 38 million dollars above the
average of the past 6 months and was about equal to
the peak movement in early 1940. a time of heavy
8
SURVEY OF CURRENT BUSINESS
agricultural shipment and large export to Continental
Europe.
The chief gains, of course, appeared in the movement
of war materials, a part of which was transferred from
stock after signing of the Lease-Lend Act on March 11.
Outflow of aircraft, firearms, explosives, and ammunition, all were expanded, with aircraft at 50 million
dollars, substantially above its former peak. Export
of machinery and vehicles other than aircraft went to
98.8 million dollars, the largest since the outbreak of
war and about one-quarter above those last summer.
Since last summer, shipments of a number of commodities have been growing smaller, and these showed
little improvement in March. One of the most important of these declines has occurred in iron and steel mill
products, which had a value of 38 million dollars in
March as compared with an average of 52 million during
last July and August. Other recent reductions of note
occurred in nonmetallic minerals, including petroleum,
coal, coke, and glass, which fell from 40 million dollars
to 28 million over the same period, and in wood and
paper, which dropped from 17 million to 14 million.
Changes in the total movement of agricultural commodities—particularly hard hit by the loss of European
markets—have been small since July. The March
aggregate increased about 5 million dollars to a total of
29 million, about 50 percent of the March average
during the previous 5 years.
Most of the export shifts since last summer have
centered around the United Kingdom, Canada, and
Japan. Figure 6 depicts the course of export trade
to these and other areas. Combined shipments to the
United Kingdom and Canada averaged about 184
million dollars last July and August and were only 164
million in March. However, a substantial quantity of
aircraft and other war materials has moved on British
account to other sections of the world and is not
included in the United Kingdom totals. Of course,
the flow of remaining war materials, increasing constantly in volume, is reported as sent to the United
Kingdom or its Empire units. Nevertheless, because
of her tight shipping position, the United Kingdom has
been forced to limit the import of other commodities to
those absolutely essential. Aggregate British imports
from all sections of the world are today about twothirds of the prewar volume. From this country in
recent months the United Kingdom has been taking
less iron and steel, less wood and paper, and smaller
amounts of grain, cotton, and tobacco than were
imported last summer.
The largest percentage decline in American exports
has occurred in shipments to Japan (not including those
received in China) which averaged under 11 million
dollars during the first quarter, less than half the volume
of last summer and one of the smallest totals of the
past two decades. About half of this reduction represents a smaller Japanese import of metals, with a reduced
May 1941
movement of machinery and cotton responsible for
most of the remainder.
To the important Latin American area, total exports
continued unchanged from last summer through
February. But in March shipments jumped 20 percent
to 74 million dollars, the highest since December 1939,
The rise in March of total exports from this country
was accompanied by an increased inflow of goods from
other countries; imports advanced from 217 million
dollars in February to 255 million, the highest in almost
MILLIONS OF DOLLARS
150
MILLIONS OF DOLLARS
ISO
CONTINENTAL EUROPE
(INCLUDING U.S.S.R.)
125
too
25
1939
1940
1941
Figure 6.—Value of Exports of United States Merchandise, by Selected
Countries and Regions, 1939-41 (U. S. Department of Commerce).
4 years. As in other recent months, principal gains
appeared in receipt of such strategic and critical
materials as rubber, copper, nickel, tin, manganese,
chrome, and other ferro-alloying ores. Though purchases covering most of the stock piling program have
been completed, a sizable proportion of these materials
still remains to be delivered.
For this reason, among others, the President's announcement at month's end that about 2,000,000 tons
of shipping available for American coastwise and nonEuropean trade would be diverted to British needs over
coming months was of extraordinary interest. Already
much of our ocean-going shipping space has been subject to informal rationing. The new policy will necessitate a more complete control and will likely introduce
a decline in both export and import movement to nonbelligerent areas.
May 1941
9
SURVEY OF CURRENT BUSINESS
Finance.
of necessity" for new manufacturing facilities are being
Kising business activity again brought forth an financed either directly or indirectly by the Governincrease in bank loans during April, though partly as a ment. New railroad issues have also been smaller than
result of seasonal influences the expansion was smaller in 1936 or 1937, but these are expected to increase over
than in the 2 previous months. Total business loans coming months as equipment buying expands.
reported by Federal Reserve member banks rose only
89 million dollars in the 4 weeks prior to April 23, comMILLIONS OF DOLLARS
pared with 193 million in March and 151 million in
350
ESSSa ALL OTHERS
February. A heavier addition to bank portfolios
PUBLIC UTILITIES
300
during the month, however, was made through the
ESSES RAILROADS
INDUSTRIALS
acquisition of further Government obligations, the
increase amounting to 577 million dollars. Since
250
January member bank holdings of such securities have
expanded approximately 1.5 billion, about three times
200
the advance in business loans.
Corporate financing in April changed little from the
150
monthly volumes throughout the first quarter. Refunding operations continue to be the principal source
100
of new issues despite the huge capital formation now
under way. Of the 790 million dollars new securities
issued during the first quarter of this year, only 170
million represented new capital. This was close to the
best volume in 1940, with the exception of the final
1936 1937 1938 1939
1940
1941
quarter, when American Telephone & Telegraph sold a Figure 7.—Total Corporate New Capital Flotations by Type of Borrower,
Quarterly Averages for the Years 1936-39, and by Quarters for 1940 and
single issue of 140 million. However, new capital
1941 (Commercial and Financial Chronicle).
sought currently from security markets is much lower
than that obtained in 1936 or 1937.
In the stock market prices again displayed interAs may be seen from figure 7, the present restriction
is particularly noticeable in the industrial field, where mittent weakness. British reverses in the Meditercapital formation now is extremely heavy. Some of ranean area were accompanied by a further decline in
these new industrial facilities are being financed by the Dow-Jones 65 stock average to 39.65 on April 22,
bank loans and corporate cash balances accumulated the lowest level since last June. For the month as a
over recent years. But as indicated in the discussion of whole, industrial shares were off nearly 6 percent. Bonds
construction above, about three-quarters of the 2.8- also weakened, but in the late sessions of the month
billion-dollar defense plant contracts and "certificates they recovered a substantial part of their earlier losses.
QUARTERLY AVERAGES
311473—41-
JMSTOU.
2N& °u. 3«>.ou. 4THou. 1 |ST. QU.
10
SURVEY OF CURRENT BUSINESS
May 1941
The Product Concentration of Large
Corporations
Walter F. Crowder, Chief, Business Structure and Operations Unit, Division of Research and Statistics
T is a well known fact that a comparatively few
Inational
large corporations control a substantial part of the
corporate wealth. But little analytical material has been available to indicate the role played by
these same corporations in the output of the individual
products manufactured by them. Although many
basic and critical business decisions are made in terms
of products, the information available for the study of
these leading corporations has been in other terms.
Many obvious questions have gone unanswered. How
many different products do they manufacture? What
is the significance of each product in the company total?
How important in the national market is a company's
output of each of its products?
As a part of the report on "The Structure of Industry/ 71 which was prepared by the Department of Commerce in cooperation with the Temporary National
Economic Committee, a new measure of concentration
in product terms was developed which throws light on
how big corporations look productwise. For each of
the products of the largest manufacturing corporations
answers are supplied to two questions, how important
is the value output of each product to the individual
company, and how important is each company's output of each product in the total domestic production
of that product?
The analysis which follows is based on product 2 data
for the largest 50 manufacturing companies reporting
in the Census of Manufactures for 1937. The companies were selected on the basis of their value of products; that is, the concerns reporting in the Census of
Manufactures for 1937 were arrayed in terms of the
total value of their products and the largest 50 selected.
1 "The Structure of Industry," Monograph No. 27 of the TNEC series, prepared
under the direction of Willard L. Thorp and Walter F. Crowder. The newly developed materials which form the basis of this article were taken from Pt. VI, "The
Product Structures of Large Corporations," of the above-named report. The monograph is available from the Superintendent of Documents, Washington, D. C., $1.
2 The thousands of physical commodities produced by our industries and listed
separately by the Census of Manufactures as products differ among themselves with
respect to physical characteristics, although frequently the differences are very slight.
Physical differences between two census products are in some cases, indeed, so slight
as to make it doubtful that the products are significantly different in an economic
sense, one being so easily substituted for the other as to render them functionally homogeneous for all important valuation decisions. It is impossible to say just when a gap
in substitutability exists sufficient to warrant saying that two different physical things
are economically different products. The Census of Manufactures treats 100-percentwool blankets as a different product from 90-percent-wool blankets. Obviously the
functional economic difference here is not of the same order as that between either one
of these blanket products and a cast-iron radiator. In fact, it may not be so great as
the difference between two identical blankets sold under two different brand names
by means of two different advertising programs. In general, however, one is warranted in assuming that census product differentiations do reflect in varying degrees
significant economic functional differences since they represent in large measure the
cumulative result of suggestions and requests made through the years by manufacturers and their trade associations.
Since the Bureau of the Census is prohibited by Federal
statute from revealing the confidential data supplied by
reporting companies, the data for individual companies
and products are presented under symbols. While this
procedure undoubtedly reduces the news value of the
data, it still makes possible the presentation of significant facts about the product structures of large
American manufacturing companies. Indeed, comparisons of these corporations in abstract product
symbols bring out structural similarities and differences
which might not be so apparent if attention were
directed to the concrete nature of the several product
structures.
Each of these 50 companies is a central office in the
meaning used by the Census; that is, each concern
operates more than one establishment or plant and the
production data from all are brought together and
reported from one central office. These may be holding
companies in which the subsidiaries operate on an
independent or semi-independent basis. In such cases,
the operating data of the subsidiaries are keyed to those
of the top holding company and the total manufacturing
operations are reported for the whole ownership interest.
The control over establishments is limited to those
which are owned outright or those of subsidiary companies in cases where the majority of the voting stock is
controlled. There are undoubtedly some cases of
majority voting stock control not known to the Census
although the understatement is probably quite small.
Moreover, many situations obviously exist in which less
than majority voting stock is sufficient to give effective
working control to the compact minority owner. Interlocking directorates, common banking interests, wellorganized trade associations, and a variety of agreements which are functionally of vast importance in a
study of concentration of control are not measured in the
data presented here.
The Significance and Extent of the Operations of
the Largest 50 Companies
Before presenting the data on the individual product
structures of the largest 50 manufacturing corporations,
it is interesting to appraise the significance of these
giant corporations in over-all terms.
The Largest 50 Corporations Played an Important Role in the
Economy.
The role played by these 50 large companies in all
manufacturing may be reviewed and their significance
11
SURVEY OF CURRENT BUSINESS
May 1941
appraised by an inspection of the material presented in
table 1. In order that the position held by the "largest
50'' among other large corporations may be examined,
similar data measuring the significance of the largest
100 and the largest 200 corporations are also presented.
The measures of over-all bigness of a relatively few
large corporations as presented in this table make
possible a quantitative evaluation of their significance
in a manner which has not heretofore been possible.
Although the largest 50 corporations controlled only
2 percent of all establishments in manufacturing, they
employed 16 percent of all wage earners, paid 21 percent
of the wage bill, and their aggregate output was 28
percent of the total value of products in all manufacturing in 1937. These 50 companies, of course, were
not active in the production of all the different manufactured products. If the comparison is limited to the
products actually manufactured by them, their value
output made up 38 percent of this adjusted total.
By comparison, the largest 200 corporations controlled 3.2 percent of all manufacturing establishments,
employed 26.3 percent of all wage earners in manufacturing, paid 32.8 percent of the wage bill, and
accounted for 41.0 percent of the total value of all
manufactured products.
Among these 50 giant corporations there was a wide
range in the degree of bigness. The largest of the 50
had a value output approximately 20 times that of the
50th company in the array. Some idea of the relative
size of these 50 as compared with the largest 100 and
200 corporations is afforded by the fact that the total
value output of the largest corporation was approximately 40 times that of the 100th company, and 80
times that of the 200th company.
The Operations of the Largest 50 Companies Were
Concentrated in a Few General Lines.
The activities of these 50 manufacturing companies
tended to be much more heavily concentrated in certain
general lines of activity or in certain census industry
groups than in others. On the basis of their predominant activity (measured by value of products), 10 of
the 50 companies were classified in the iron and steel
group, 7 in the food and kindred products group, 7 in
the products of petroleum and coal group, 5 in the transportation group, and 4 each in the chemicals group, the
nonferrous metals group, and the machinery group.
This concentration in certain industry groups points to
the conclusion that something in the nature of the products or in the technology under which they were produced probably was conducive to mass production. It
also suggests the possibility that these giant corporations found some of their competition within the ranks
of the 50 companies themselves.
These 50 companies taken together manufactured
2,043 distinct census products. Obviously, several of the
companies may have participated in the manufacture
of any one of these products. Actually, 13 of the 50
companies were active in the manufacture of four products. By far the greater proportion of the products,
however, had only one among the 50 companies active
in their production. Specifically, about half of the
products were produced by only one among the 50
companies, 25 percent of the products were produced by
two companies, a little more than 10 percent by three
companies, and the remaining products by four companies or more.
The operations of these 50 companies were spread
over many industries, but the extent of their activities
varied widely. One of the companies actually manufactured products which were classified in 39 census
industries, while, at the other extreme, one company
operated in only two industries. For a more typical
measure, 27 of the 50 companies manufactured products
classified in 10 industries or more.
The distribution of the 50 companies according to the
number of establishments or plants operated per company gives further evidence of the wide range in the
extent of their operations. Three of the companies
operated only 7 establishments each, while one company operated 497 establishments. Almost half of the
companies operated 25 or fewer establishments and only
16 companies operated more than 50 establishments.
Table 1.—Importance of the Largest 50, the Largest 100, and the Largest 200 Manufacturing Companies, 1937
Largest 50 companies
All manufacturing
Measures of importance
Number of concerns.
_
Number of establishments
_ _
Wage earners:
Average number fcr the year . __
__ _ .
.. _
Wages paid (thousands of dollars)
Salaried employees:
Average number for the year _
Salaries paid (thousands of dollars)
_._ _
Value of products (thousands of dollars)
Cost of materials, fuels, energy, etc. (thousands of dollars) -_
Value added by manufacture (thousands of dollars)
._
.
Amount
i 146, 720
166, 794
50
2,869
8, 569, 231
10, 112, 883
1, 390, 503
2, 155, 038
1, 217, 171
2, 716, 866
60, 712, 872
35, 539, 333
25, 173, 539
189, 354
425, 939
16, 805, 135
11, 719, 824
5, 085, 309
Percent
of all
manufacturing
0.03
1.7
Largest 100 companies
Amount
Percent
of all
manufacturing
Largest 200 companies
Amount
Percent
of all
manufacturing
100
4,057
0.1
2.4
200
5,411
0.1
3.2
16.2
21.3
1, 780, 951
2, 688, 482
20.8
26.6
2, 255, 725
3, 318, 147
26.3
32.8
15.6
15.7
27.7
33.0
20.2
234, 912
525, 861
20, 845, 673
14, 302, 891
6, 542, 782
19.3
19.4
34.3
40.2
26.0
300, 474
667, 565
24, 886, 973
16, 567, 159
8, 139, 814
24.7
24.6
41.0
46.6
32.3
JThis figure represents the difference between the total number of manufacturing establishments and the number of establishments operated by central-office companies
plus the number of central-office companies. There were 5,625 central-office concerns active in manufacturing in 1937 and these multi-plant companies operated 25,699 establishments.
12
SURVEY OF CURRENT BUSINESS
The number of products manufactured by each of the
50 companies also varied within a wide range. One of
the companies produced only 6 products, while, at the
other extreme, one company manufactured 302 separate
products. Between these limits, the companies tended
to cluster at the lower end of the range. Approximately
three-fourths of the companies manufactured fewer
than 100 products.
In general, there was a tendency for the concerns to
organize their activity in such a manner that only a
few products were manufactured in each particular
establishment—actually, there were five or less products manufactured in 75 percent of the establishments
and almost 90 percent of the establishments produced
fewer than 11 products.
The Importance to the Individual Company of
Each Product Manufactured
The analysis of the individual product structures of
these 50 large manufacturing corporations is based on
two measures of the significance of each product.
First, the importance of an individual product to each
company is measured in terms of the contribution that
product made to the total value of the company's
output; and, second, the importance of each company's
NO. OF
OM- PRODS.
IOO
NUMBER OF PRODUCTS
ISO
20O
S 302
P 279
AO
AU
AS
I
U
R
J
AW
AR
A
AI
H
250
225
199
197
163
143
136
124
I 16
108
103
100
0
96
AN
AE
AA
AV
80
79
76
77
Q
77
V
AX
AQ
AB
74
74
72
70
Z 67
0 6O
W
AG
AT
AH
AL
M
58
57
55
50
42
42
E
35
AF
AK
AP
B
AD
AM
35
34
33
33
32
30
F
29
C
G
T
X
N
K
L
Y
AC
AJ
28
27
24
24
22
14
10
8
8
6
May 1941
United States value of the product. In this section, the
analysis of the product structures of the 50 companies
is based on the data derived from the first measure.
Majority of Products Made Small Contribution to Total
Company Output.
These 50 companies manufactured a total of 4,085
products (table 2). This does not mean that the companies manufactured 4,085 distinct and separate products. It only represents a cumulation of the number of
products manufactured by each company.3 Of this
total, there were 1,472 products, or 36 percent, which
accounted individually for less than 0.1 percent of the
total output of each company. Furthermore, there
were 1,929 products which accounted for 0.1-1.0 percent of any company's total. In other words, 83.3 percent of all the products manufactured by these 50
companies accounted individually for 1 percent or less
of a company's total output and 94.7 percent of the
total number of products manufactured accounted individually for 5 percent or less of any company's output.
3
Products in this sense may be referred to as instances of production. Since the
same census product may be made by more than one company, this amount (4,085)
is larger than the number of different census products made by the 50 companies. If
all duplications are removed, it is found that these companies, in total, made 2,013
different census products. For purposes of analyzing the product structures of individual companies every product must be included regardless of whether or not the
same product was made by one or more other companies among the 50.
NO. OF
COM- PI?ODSPANY J 0
P
AO
AU
AS
1
U
R
J
AW
AR
A
Al
H
0
AN
AE
AA
AV
Q
V
AX
AQ
AB
Z
0
W
AG
AT
AH
AL
M
E
AF
AK
AP
B
AO
AM
F
C
G
T
X
N
K
L
Y
AC
AJ
10
20
PERCENTAGE OF TOTAL VALUE OF PRODUCT
30
40
50
60
70
80
90
IOO
279
250
225
199
197
163
143
136
124
116
108
103
IOO
96
80
79
78
77
77
74
74
72
70
67
60
58
57
55
50
42
42
35
35
34
33
33
32
30
29
28
27
24
24
22
14
10
8
8
6
Figure 8.—Number of Products Manufactured by Each of the Largest
Fifty Manufacturing Companies, 1937 (U. S. Department of Commerce).
Figure 9.—Percentage Contribution of Individual Products to the Total
Value of Products of Each of the Largest Fifty Manufacturing Companies, 1937 (U. S. Department of Commerce).
output of an individual product is measured in terms
of the proportion which that output was of the total
NOTE.—The number of products grouped in the right-hand portion of each bar
accounted individually for less than one-half of one percent of the company's total
value of products.
SURVEY OF CURRENT BUSINESS
May 1941
13
There were only 4 products from the whole list which the percentage contribution of the most important prodindividually accounted for more than 75 percent of a uct (valuewise) to each company and the subsequent
single company's value output.
sections of each bar indicate the contribution of each
Although the products which separately accounted succeeding product in order of importance. At one
for a small proportion of each company's total output extreme, the most important product of company "S"
represented the majority of the number of each com- accounted for 8.4 percent of the total output of that
pany's products, they made up, even in the aggregate, company, while, at the other extreme, the most imonly a small percentage of the total value of products portant product of company "AJ" accounted for 84.6
of the individual companies. The relative variation in percent of the total value output of that company.
the number of products manufactured per company is
Between these extremes there was considerable
shown in figure 8, while the proportion of the total value variation among the individual companies, but, in
output for each company accounted for by the major general, a rather broad inverse relation existed between
product is shown graphically in figure 9. By inspecting the number of products manufactured by a company
these charts together a visual comparison of the per- and the contribution of the leading product to the
centage contribution of each product to the company company's total value output.
total and the absolute number of products per company
To summarize the material presented in this section,
may be obtained. From figure 9 the relative signifi- the largest 50 manufacturing companies were engaged
cance of the aggregate values of the minor products in the production of many products. The majority of
discussed in the preceding paragraph may be seen. these products, taken individually, made relatively
Only in company "S," which produced the largest small contributions percentagewise to the total value of
number of products, 302, did the aggregate value of products of the companies. On the other hand, the
minor products amount to more than 20 percent of the major portion of the total value of products of these
company's total value of products.4 For the majority companies was accounted for by the value contribution
of the companies, the aggregate value of these products of relatively few products. In some of the companies
was less than 5 percent of the company's total.
these major products were undoubtedly related in the
Table 2.—Distribution of All Products Manufactured by the sense that they were joint products, by-products, or
Largest 50 Companies According to the Proportion of the successive products in an integrated organization, but
Company's Total Output Accounted for by Each Product. in the product structures of other companies, there was
1937
probably no functional relation among the major
Number
of
Cumulative
products.
Percent of company's total Number of Percent of
companies
percent of
value of products
products
products
products
represented
4,085
100.0
Less than 0.1
1,472
36.0
36.0
49
0.1 to 1.0
1,929
242
113
65
46
47.3
5.9
2.8
1.6
1.1
83.3
89.2
92.0
93.6
94.7
50
43
41
29
30
2,395
199
40
17
10
6
6
4
2
3
1
4
2
0
0
1
3
58.7
2.9
1.0
.4
.2
.1
.1
.1
.1
.1
94.7
97.6
98.6
99.0
99.2
99.3
99.4
99 5
99.6
99.7
99.7
99.8
99.9
99.9
99.9
99.9
100.0
50
45
26
13
10
6
6
4
2
3
1
4
2
0
0
1
3
Total
1.1 to 2.0
2.1 to 3.0
3.1 to 4.0
4.1 to 5.0
0.1 to 5.0
5.1 to 10.0
10.1 to 15.0
15.1 to 20.0
20.1 to 25.0 .
25.1 to 30.0
30.1 to 35.0
35.1 to 40.0
40.1 to 45.0
45.1 to 50.0
50.1 to 55.0
55.1 to 60.0 ._
60.1 to 65.0
65.1 to 70.0
70.1 to 75.0 .
75.1 to 80.0
80.1 to 85.0
1
. .
_
(i)
U
(i)
.1
.1
.0
.0
.1
Less than Ho of 1 percent.
Output of a Few Leading Products Made Up Large Portion of
Each Company's Production.
Turning now to an examination of the contribution of
the major products of each company, we see the tendency for a few products to account for a large proportion of the total value of each company's output. The
length of the solid horizontal bars in figure 9 indicates
4
Throughout the text and figures, the identity of each company is indicated by the
same code letter. The assignment of letters was not related in any way to a particular
company characteristic.
Importance of Each Company's Output of an
Individual Product in the Total Domestic Production of That Product
In describing the product structures of these 50
companies in the preceding section, it was seen that the
total value output of each company resulted from the
production of many products. In this section, the
output of each product of each company is measured
against the total United States output of that product.
The data presented will help to clarify the relationship
between bigness and concentration in the control of the
production of individual products.
The product data are computed on a national basis,
and the output of a given product by an individual
company represents the aggregate production of that
product in the various plants operated by the concern.
To the extent the market for any particular product
was not national in scope the measure of concentration
of control developed here understates the true situation.
A market is defined geographically by the area over
which sellers compete and, when this area is reduced by
transportation costs or difficulties of communication
among potential sellers and buyers, the number of competitors is reduced and the degree of concentration correspondingly increased. In other words, the bigness
14
SUKVEY OF CURRENT BUSINESS
or smallness of a concern for price analysis must be
measured in terms of the size of the markets for its
separate products. The local gristmill of frontier days,
although extremely small in terms of the volume of its
output, presumably was much larger relative to the
size of its market than the big flour milling concern of
today, selling on a national basis. It is believed, however, that this limitation is not particularly important.
For these large corporations to attain their size, the
major products manufactured by them must ipso facto
be products for which there is an enormous mass
demand derived from a large part of the population.
The Concentration Percentages 5 of Products Varied Widely.
The data which show the range of the importance in
the United States of the products manufactured by
these 50 companies cover wide differences in the actual
proportions of the national totals accounted for by each
company. Forty-three percent of the number of
products were items in which the companies individually
manufactured 5 percent or less of the total value of each
product. The distribution of products over the entire
range of concentration may be obtained from the data
presented in table 3. Although not shown in the table,
the concentration percentages for 157 of the products
were less than 0.1 percent. If each of the largest 50
manufacturing companies is examined separately, it is
seen, then, that a large percentage of the number of
products were items in which the companies were small
producers.
Table 3.—Distribution of the Number and Value of Products
Manufactured by the Largest 50 Companies by Concentration Classes, 1937
Concentration
class i (percent of
United States
total)
Number of products
Total
Percent
Total
4,085
100.0
Less than 5.1
5.1 to 10.0
10.1 to 15.0
15.1 to 20.0
20.1 to 25.0 -_ 25.1 to 30 0.
30.1 to 35.0
35.1 to 40.0
. 40 1 to 45 0
45.1 to 50.0 . .
50 1 to 55.0
55.1 to 60.0
60.1 to 65.0
65.1 to 70.0
70.1 to 75 0
75.1 to 80.0
80.1 to 85.0
85.1 to 90.0
90.1 to 95.0
95.1 to 100.0
1,758
602
363
271
224
168
121
89
88
79
46
39
43
30
17
32
13
26
17
59
43.0
14.8
8.9
6.6
5.5
4.1
3.0
2.2
2.2
1.9
1.1
1.0
1.1
.7
.4
.8
.3
.6
.4
1.4
Value of products
Total
Cumulative (thousands
percent of dollars)
43.0
57.8
66.7
73.3
78.8
82.9
85.9
88.1
90.3
92.2
93.3
94.3
95.4
96.1
96.5
97.3
97.6
98.2
98.6
100.0
Percent
16, 805, 135
100.0
1, 052, 671
2, 252, 411
1, 419, 701
1, 796, 446
2, 173, 560
1, 788, 431
1, 080, 319
1, 227, 691
958, 016
504, 603
348, 568
481, 902
670, 522
172, 263
53, 680
464, 768
26. 198
206, 374
37, 307
89, 704
6.3
13.4
8.4
10.7
12.9
10.6
6.4
7.3
5.7
3.0
2.1
2.9
4.0
1.0
.3
2.8
.2
1.2
.2
.6
Number of
compaCumu- nies
lative reprepercent sented
6.3
19.7
28.1
38.8
51.7
62.3
68.7
76.0
81.7
84.7
86.8
89.7
93.7
94.7
95.0
97.8
98.0
99.2
99.4
100.0
49
48
47
46
40
37
29
24
29
26
16
18
18
18
12
10
9
15
11
20
May 1941
accounted for 9.3 percent of the total value for that
product. On the other hand, the output of products
with the highest concentration ranged from 12.9 percent
of the domestic total in the case of one company to 100
percent of the total in the case of 13 other companies.
COM-
PANY
S
P
AO
AU
AS
1
U
R
J
AW
AR
A
Al
H
0
NO. 0 F
7* >•
I
302
279
Z50
225
199
197
163
143
136
124
116
108
103
100
96
PERC iNTAGES OF TOTA L NUMBE R OF PR()DUCTS h1ANUFACTURED BY EACH COMPANY
70
80
90
100
43
5<}
K)
2<)
3()
60
AVE.81.7
AN
AE
AA
AV
Q
V
AX
AQ
AB
Z
0
W
AG
AT
AH
AL
M
E
80
79
78
77
77
74
74
72
70
67
60
58
57
55
50
42
42
35
AK
AP
B
AD
AM
F
C
G
T
X
N
K
L
Y
AC
AJ
34
33
33
32
30
29
28
27
24
24
22
14
10
8
8
6
$$^y/iffi^j/s^&&&-
mm 5% 0/f LESS
zzas./K TO /(?% \OF THE U. S. T07 AL
' TO /5%
. .
E^ IS. IK TO 20"X }
m.m 20./% TO 25 % } OF TH£ U. S. TOTAL
E^Orf/f
25<X
}
Figure 10.—Percentage Distribution of the Number of Products of Each
of the Largest Fifty Manufacturing Companies by United States Concentration Classes, 1937 (U. S. Department of Commerce).
In other words, these 13 companies each produced at
least one product in which they accounted for the entire
output. It is interesting to note that 7 companies manufactured no product in which their output made up
more than 25 percent of the total domestic production.
In the upper concentration range, there were 59
products for which the output of individual companies
accounted for 95 to 100 percent of the total domestic
output, and 20 of the 50 companies participated in their
production. For about one-fifth of the total number of
i For ease in analysis, the various concentration percentages have been grouped
products, the output of an individual company acinto 5-percent intervals, and in this and in the following table, these groupings are
called concentration classes.
counted for more than 25 percent of the United States
Forty-nine of the fifty companies manufactured at total.
The relative number of products falling in the various
least one product in which the output of the company
concentration
percentage classes for each company is
was less than 5.1 percent of the United States total.
summarized
graphically
in figure 10. From this chart it
For the remaining company, the least important product
will
be
seen
that
the
distributions
among the companies
fi The relation between a company's output of a product and the total United States
production of that product has been expressed in percentage form and, throughout the
do not vary significantly with the number of products
remaining portion of the analysis, this ratio is referred to as the concentration percentage
manufactured by each. For example, 21 percent of the
of a product.
SURVEY OF CURRENT BUSINESS
May 1941
15
represented an important portion of the United States
total.
total number of products of company "S" (302 products)
fell in the 5 percent or less class, while 33 percent of the
total number of products of company "A3" (6 products)
fell in this same class. At one extreme, company "M"
(42 products) had 81 percent of its products in the "5
percent or less77 class, while company "L" (10 products)
manufactured no product with a concentration percentage as low as 5 percent.
Important Products of the Companies Had High Value.
In the preceding discussion, interest centered in a
description of the proportion of the number of products
falling in the various concentration classes. There it
was seen that the majority of the number of products
were those in which the individual company production
made up a small portion of the domestic total. How
important were these products in value terms? Conversely, how important in value terms were those much
fewer products, numerically, in which there was higher
concentration in output?
The aggregate value of the products falling in the
"less than 5.1 percent" concentration class was 6.3
percent of the total value of products of the 50 companies. Thus, it may be said that 43 percent of the
total number of products manufactured by the 50 companies were those in which the individual company
output was 5 percent or less of the United States total,
while the total value of these products made up only 6.3
percent of the aggregate value of products of the companies. (See table 3.) For the products with concentration percentages above 15 percent, the value
greatly exceeded the number. In fact, one-third of the
number of products fell in this range, but these products
accounted for more than two-thirds of the total value of
all the products. In general, then, those products in
which the company proportion of the domestic total
was low were the relatively less important products
valuewise, while the most important products were
those in which the output of individual companies
Products Important to Companies Were Also Important in
Domestic Total.
The importance of each product to each of these 50
large corporations was analyzed in an earlier section
and we have just examined the significance in the United
States total of every company's output of each individual product. We may now put the materials of these
segments together and study the interrelation of the
parts. Consulting table 4, it may be seen that there
were 1,472 products which individually accounted for
less than 0.1 percent of a company's total output. The
value contribution of each of 152 of these to the total
domestic production was less than 0.1 percent and the
value contribution of 1,041 items was 5 percent or less
of the national total (table 4). There were 14 instances,
however, in which a product that made up less than 0.1
percent of the company's total accounted for the entire
output of the particular product.
Again consulting table 4, among the various products
produced were three whose value in each case made up
80 to 85 percent of the producing company's total
output. Two of these 3 products, in turn, had an individual value which accounted for 20 to 25 percent of the
aggregate value of that product manufactured in the
United States, while the third accounted for 25 to 30
percent of the United States total.
Reading from the table along the other axis, we find
that, of the 157 products with concentration percentages less than 0.1 percent, 152 were products which
individually accounted for less than 0.1 percent of a
company's total value output, and 5 products were in
the "0.1-5.0" percent class. At the other extreme,
there were 42 products for which the output of an
irdividual company made up the total United States
production and, in the case of 14 of these products,
the output of the individual product accounted for
Table 4.—Distribution of Products Manufactured by the Largest 50 Companies by Percentage of Company Total and by
Concentration Percentage, 1937
Percent of company total value of products
Concentration class (percent of United
States total)
Total
Less
than
0.1
0.1 to
to
5.0
5.1
to
10.0
10.1
to
15.0
15.1
to
20.0
20.1
to
25.0
25.1
to
30.0
4,085
1,472
2,395
119
40
17
10
6
157
1,601
602
363
271
224
168
121
89
88
79
46
39
43
30
17
32
13
26
17
17
42
152
889
152
69
37
35
24
17
13
14
8
8
7
6
4
2
3
6
4
5
3
14
5
697
409
264
208
166
131
96
67
65
64
35
30
28
23
12
21
5
18
11
.12
28
9
20
17
11
13
4
5
5
6
3
1
1
6
3
3
5
2
2
1
2
5
9
8
7
1
3
2
2
2
3
1
1
1
1
2
1
1
2
30.1
to
35.0
35.1
to
40.0
40.1
to
45.0
45.1
to
50.0
2
3
50.1
to
55.0
55.1 60.1
to
to
60.0 65.0
65.1
to
70.0
70.1
to
75.0
75.1
to
80.0
80.1
to
85.0
Number
Total
I/ess than 0 1
0.1-5.0
5 1-1C 0
10.1-15.0
15 1-20 0
20.1-25.0
25 1-30 0
30.1-35.0
35 1-40 0
40.1-45 0
45 1-50 0
50 1-55 0
55 1-60 0
60 1-65 0
65 1-70 0
70 1-75 0
75 1-80 0
80 1-85 0
85 1-90 0
90 1-95 0
95 1-99 9
100 0
1
1
2
1
2
2
3
1
6
1
1
1
2
4
1
1
1
1
I
1
1
4
1
1
3
1
1
1
1
1
1
2
2
1
2
2
4
1
2
1
16
SURVEY OF CURRENT BUSINESS
less than 0.1 percent of the company's total value
output and 28 of the products were in the "0.1-5.0"
percent class.
Certain general observations may be drawn from
the material presented in this table regarding the relation between products important to each company
and the significance of each company's output of these
products in the United States total. If we may say
that a company's output of a particular product
represents an "important" part of the United States
total production of that item when the company's
output makes up 10 percent or more of the United
States total (this percentage is, of course, quite arbitrary and subject to obvious limitations), then about 40
percent of the products were items in which the individual company's output made up an important part of
the United States total. Of these "important" products, about 90 percent were items which individually
made up 5 percent or less of the company's total output and may thus, in a sense, be classed as "unimportant" to the companies.
On this same basis, it may be said that, for 60 percent of the individual products, a single company's
output was relatively "unimportant" in the total
domestic production and half of these products were
items which individually contributed less than 0.1
percent to the total value of the company's output.
How important in the domestic production picture
is each company's output of its most important product? The value output of the most important product
of one of the companies accounted for only 3.1 percent
of the total production of that product. At the other
extreme, the value output of the most important product of each of 3 companies made up 75 percent or more
of the total domestic production of these 3 products.
For 29 of the 50 companies, however, the value output
of the leading product of each company accounted for 25
percent or less of the total production of these products.
General Conclusions
This investigation of the product structures of large
corporations demonstrates with better evidence than
has been heretofore available that corporate bigness and
concentration in the production of individual products
are not always the same thing. An independent tabulation of the assets of the largest 50 corporations in 1937,
as reported in Moody's, reveals that these corporations
had approximately one-third of the total assets of all
manufacturing corporations as reported in the Statistics
oj Income. Further, these corporations accounted for
approximately one-half of all taxable income in manufacturing and they accounted for about 28 percent of the
total value of products in the manufacturing segment
of the economy. These are the over-all measures of
corporate size.
In appraising the role played by these large corporations in the economy, data must be developed which
will aid in answering different types of questions. For
May 1941
some business decisions, the area of applicability is
company-wide and for these decisions the over-all
company measures of size are relevant. For example,
when a company makes a decision to adopt a certain
labor policy or a decision to extend plant capacity, the
concern often operates as a unit and its over-all size is
one factor of considerable weight. For other types of
decisions, however, in which only a part of the concern's
operations is affected, measures of a different type are
indicated. For example, when the decisions relate to
the pricing policies to be followed for an individual
product, the most significant factor is not the over-all
size of the corporation but the control which the corporation maintains over the output of that individual
product. Such data will throw light on the extent of a
company's potential control over production in the
areas where critical price decisions are made, namely, in
the markets for individual products.
From the data developed in the Commerce study
of The Structure of Industry, which has been briefly
summarized here, we see that, in terms of individual
products manufactured by them, there is an extremely
wide range in the degree of control over production
maintained by these big corporations individually.
For the great majority of the products manufactured by
them the individual company's control of the tangible
sort measured here is very small. Many of these items
are undoubtedly the result of integration in various
forms in the manufacturing process whereby byproducts, supplementary, auxiliary, and complementary
products are produced as a part of the activity of one
concern. For the relatively fewer products numerically
the output of these companies individually makes up an
important part of the domestic production, and the
products are generally the more important items to the
companies themselves.
All sorts of conditions of control exist and the individual product structures of each of the largest 50
corporations are strikingly different. Each product and
each company is unique. All these corporations are big
in terms of over-all measures, but their control over the
individual products manufactured by them varies widely.
The general picture of concentration in production
which is gained from the use of this new measure of
product concentration cannot but impress one with the
extreme complexity of the whole problem of concentration. Sweeping statements which lump all big
corporations together as if they were identical in
structure or over-all treatment from the policy angle
cannot contribute much toward solving the problems
associated with concentration or the problems associated
with the big corporations. This is certainly one of the
most striking conclusions, though a negative one, which
may be drawn from the data supplied in the Commerce
study! In all those matters involving price decision,
the individualness of each case would seem to indicate
the wisdom of dealing with each company or, for that
matter, with each product on an individual basis.
17
SURVEY OF CURRENT BUSINESS
May 1941
NEW OR REVISED SERIES
Table 16.—DOUGLAS FIR, WHOLESALE PRICES1
[Dollars per M board feet]
Month
1922
1924
1923
1925
1926
1927
1928
1930
1929
1931
1933
1932
1934
1935
1936
1937
1938
1939
18. 620
18. 620
18. 620
19. 012
19. 600
19.600
20. 776
21. 560
21. 560
20. 972
20. 580
20. 874
21. 560
21. 560
21. 560
21. 560
21.560
21. 560
21. 560
21. 560
21. 560
21. 560
21. 560
22. 246
22. 663
23. 030
23.324
23.520
23. 520
23. 520
23. 520
23.520
23. 030
22. 540
21. 756
20. 825
20.580
20. 090
20. 090
20. 090
20. 090
20. 090
20.090
20. 580
20. 580
20. 580
20. 580
20. 580
20. 580
20.580
20.580
20. 580
20. 580
20. 580
20. 580
20. 678
21. 805
22. 540
22. 540
22. 540
1940
1941
Dimension, No. 1 Common
January
February
March
April
17. 150
17. 193
17. 785
18. 356
18. 620
18. 620
18. 620
18. 620
18. 620
18. 243
18. 130
17. 866
17. 180 20. 864 18. 136 17. 915 17. 558 18. 152 18. 437 21. 038 16. 434 13. 075 10. 375 13. 786 19. 986 20. 035 21. 626 22. 908 20.335 21. 174 23. 104
17. 640
17. 640
17. 640
17. 640
18. Ill
18. 545
18. 620
18. 620
18. 988
19. 110
19. 110
19. 580
20. 580
20. 537
21. 466
21. 692
22. 050
22. 050
22. 050
21.614
20. 703
20. 199
19. 914
19. 600
19. 600
19.046
18. 620
18. 620
17. 546
16. 680
15. 567
14. 625
13. 720
14. 319
14. 598
14. 267
12. 250
11. 148
10. 780
10. 780
10. 388
10. 290
10. 045
9.800
9.800
9.800
9.800
9.800
21. 070
21. 070
21. 070
21. 070
21. 070
21.070
20. 090
18. 620
18. 620
18. 620
18. 620
18. 620
22. 540 25. 970
22. 295 24. 990
22. 050 24. 990
22. 050
21.928
21. 560
21. 658
22.908
24.500
24.500
24. 990
25. 970
Monthly average
May
20. 090
19. 451
19. 110
18. 319
16. 699
15. 680
17. 094
17. 979
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 640
17. 150
17. 150
9.408
9.188
9.310
9.800
10. 584
13. 230
15. 190
15. 582
16. 170
16. 660
19. 968
21. 070
June
July. . _ .
August
September
October
November
December
21. 070
21. 070
22. 594
23. 030
23. 030
23. 030
20. 992
19. 110
19. 110
19. 110
19. 110
19. 110
19. 864
19. 110
19. 110
18. 130
17. 150
17. 150
16. 924
16. 999
18. 130
18. 130
18. 130
18. 809
14. 870
15. 190
15. 190
14. 399
13. 093
11. 760
11. 760
11. 760
12. 132
12. 250
12. 250
12. 250
14. 210
14. 210
13. 121
12. 916
15. 077
17. 678
18. 130
19. 872
20. 090
20. 090
20. 090
20. 678
Flooring, "B" and Better, Flat Grain, 1x4, Random Length
January
February.
March
April
29. 400
29. 400
29. 400
28. 872
28. 420
28. 420
28. 420
28. 420
29. 126
29. 400
28. 828
28. 420
28. 420
28. 420
28. 420
28. 420
27. 793
27. 440
27. 440
27. 440
27. 440
27. 440
25. 480
25. 480
25. 480
25. 480
25. 625
26. 196
26. 460
26. 460
26. 460
26. 460
26. 186
25. 593
25. 480
24. 952
24. 500
24. 500
24. 064
24. 010
24. 010
24. 462
24. 500
24. 972
25. 480
25. 480
25. 480
25. 480
25. 480
25. 480
25. 480
25. 612
25. 970
25. 970
25. 970
25. 970
25. 725
25. 099
23. 971
23. 030
23. 350
23. 520
23. 445
23. 030
21. 240
20. 580
20. 580
19. 732
19. 110
19. 709
19. 804
19. 167
19. 770
19. 920
19. 600
18. 620
18. 150
16. 660
16. 585
16. 170
16. 954
17. 150
17. 150
17. 150
17. 150
15. 680
15. 190
14. 823
13. 916
13. 230
12. 740
12. 740
13. 108
13. 230
13. 230
13. 230
13. 230
13. 108
13. 230
13. 720
14. 602
17. 885
21. 560
22. 344
23. 030
23. 520
25. 725
26. 460
26. 460
26. 460
26. 460
26. 460
26. 460
26. 460
25. 284
23. 520
23. 520
23. 520
23. 520
23. 030
21. 168
20. 580
20. 580
21. 168
22. 050
22. 050
23. 520
24. 500
23. 765
23. 520
23. 520
25. 284
26. . 460 29.890
27. 195 31. 360
27. 930 32. 144
27. 685 33. 320
26. 950 33. 320
26. 460 33. 320
25. 235 32. 830
24. 500 32. 340
25. 676 31. 850
25. 970 29. 645
25. 970 27. 636
28. 322 26. 460
25. 725
26. 460
26. 460
26. 215
25. 284
24.990
25. 480
26. 460
26. 215
25. 480
25. 480
25. 480
25. 480
25. 480
24.500
24.500
24.500
24. 623
25. 113
26. 362
27. 808
29. 792
30. 380
30. 380
29. 596 36. 260
28. 910 35.280
28. 420 35. 280
27. 440
27. 195
26. 460
26. 656
29.645
33. 320
33.320
34. 300
36.260
June
July
August
September
October
November
December
Monthly average
34. 792 38. 917 27. 292 28. 877 27. 469 25. 903 24. 745 25. 313 21. 106 17. 823 14. 003 18. 988 25. 122 22. 669 26. 573 31. 190 25. 819 26. 573 30. 177
May
39. 200
39. 200
41. 487
42. 140
42. 140
42. 140
39. 318
37. 240
35. 362
36. 260
36. 260
36. 260
32. 227
27. 440
27. 440
26. 950
26. 460
26. 460
25. 555
25. 179
27. 440
27. 440
26. 868
28. 043
33. 320
33. 320
30. 598
29. 753
32. 868
35. 205
35. 280
37. 022
37. 240
37. 240
37. 240
38. 416
1
New series. These data compiled by the Bureau of Labor Statistics of the Department of Labor replace the wholesale prices of Douglas fir boards and flooring shown in
the 1940 Supplement and monthly issues of the Survey through February 1941. The series shown above are considered more representative by the compiling source on the
basis of the volume of goods newly made available for sale; that is, domestic production plus imports, minus exports. A more complete description of the framing lumber is
as follows: Dimension, No. 1 common, 2 by 4 inches by 16 feet, dried, S4S, S1E, or rough. Both prices are for mixed carlot, f. o. b. mill (rail shipment), mill to retail lumber
dealer, and are seller's list prices subject to current cash discount. Data are computed from Tuesday prices reported by manufacturers.
1
Table 17.—REVISED LUMBER STATISTICS
[Millions of board feet]
National Lumber Manufacturers Association
Month
Production
Softwoods
Southern pine
Stocks
Shipments
Western pine
West coast woods
Pro. Ship- New Un- Pro- Ship- New Pro- ShipHard- Soft- Total Hard- Soft- Total Hard- Soft- New ducfilled duc- ments orders duc- ments
Total woods
woods woods
woods woods orders tion ments orders orders
woods
tion
tion
1939
January
February
March
April __ __ ___ _ _
May
June
July
August
September
October. .. _
November ._ .
December
Total
1.762
1,596
1,903
1,950
2,228
2,219
2,109
2,390
2,271
2,351
2,235
1,964
24, 976
Monthly average. _
1940
January
February _ _
2,081
1,822
__ 1,838
298
292
308
261
283
264
267
339
346
359
363
355
1,464
1,304
1,595
1, 689
1,945
1,955
1,842
2,051
1,925
1,991
1,872
1,609
1,835
1, 700
2,079
1,998
2,188
2,247
2,103
2,498
2,527
2,623
2,209
1,804
3,733 21, 242 25, 812
311
326
353
1,770
1,496
1,485
2,151
1,838
1,853
307
293
333
297
304
324
297
354
404
458
398
295
1,528
1,407
1,745
1,700
1,883
1,923
1,806
2, 144
2,123
2,166
1,811
1,509
8,381
8,275
8,119
8,077
8,119
8,094
8,089
7,971
7,739
7,463
7,493
7,633
2,128
2,127
2.1C2
6,253
1,984
1,954
1,939
1,876
1.782
1,748
1,807
6,110
6,135
2,065
2,044
6,148
6.017
6,012
6,075
6,032
5,863
5,681
5,745
5,826
4,064 21, 747
339
310
344
1,812
1,529
1,508
7,954
7,616
7,613
1,964
5,991
1,823
1,831
5,793
5,782
622
547
685
633
691
688
639
776
909
677
561
495
605
551
660
623
697
652
641
705
640
686 .
663
626
599
550
669
616
705
687
645
739
751
782
649
532
264
247
314
368
409
450
463
517
607
476
310
331
223
201
197
223
221
237
274
299
415
375
252
261
7,923
7,749
7,924
4,756
660
646
660
396
265
325
300
279
282
525
516
527
558
497
493
491
455
593
583
580
610
557
710
677
643
548
514
182
154
234
351
500
522
487
554
503
494
432
292
300
269
318
342
411
434
426
492
491
516
433
322
529
450
577
587
605
652
501
884
721
589
t70
516
532
460
536
552
558
595
546
613
613
634
611
544
4,705
4,754
7,081
6,793
6,961
392
396
590
566
580
215
212
309
297
622
574
586
558
571
568
x
1
Lumber statistics for 1939 have been revised by the reporting associations to the 1939 Census of Manufactures totals. In addition to the data shown above the west coast
woods figures have been revised for 1938 as follows (figures in millions of board feet): Production—January, 393; February, 345; March, 478; April, 441; May, 416; June, 397;
July, 403; August, 524; September, 526; October, 527; November, 468; December, 463. Shipments—January, 402; February, 386; March, 504; April, 460; May, 453; June, 463;
July, 467; August 528; September, 521; October, 521; November, 447; December, 464. Minor revisions in the quarterly data for production and shipments of west coast woods
for 1929-33 and western pine unfilled orders for 1930-35 are available upon request. For data beginning March 1940 see pp. 47 and 48 of this issue.
1
Table 18.—ESTIMATED NUMBER OF NEW DWELLING UNITS PROVIDED IN ALL URBAN AREAS
1939
Item
January
Febru- March
ary
April
May
June
July
1940
Octo- Novem- Decem- 1 Total
August September
ber
ber
ber
Monthly
average
342, 107
28,509
22, 082 20, 505 28, 527 27, 067 36, 583 30, 278 28, 493 33, 975 26, 852 27, 159 30, 890 29,696
Total
19, 772
1 -family dwellings
237, 268
13, 231 12, 324 19, 649 19, 218 25, 425 21, 878 21, 753 23, 342 18, 680 21, 360 20, 372 20, 036
1,362 1,457 1,432 3,529 2,024
1,924 2,052 1,728 1,697 1,983 2,547
23, 737
1,978
2-family dwellings
2,002
4,102 8,535 7,113
6, 759
Multifamily dwelling
81, 102
6,849
6,819 7,421 6,417 7,629 6.376 4,816 8, 581 6,444
i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Revisions have been made mainly as a result of a reclassification of projects
additional information after the original estimates were made. For an explanation of the method of compilation and the coverage of the series see note 1 to
Supplement. Data beginning March 1940 are on p. 22 of this issue.
311473—41
3
January
February
18, 474 24, 085
11, 327 15,886
1,100
1,943
6,047
6,256
upon receipt of
p. 19 of the 1940
18
SURVEY OF CURRENT BUSINESS
May 1941
Table 19.—INDEXES OF COST OF LIVING 1
[Average 1935-39=100]
Year and month
1913—Annual average
1914— December
Annual average _ 1915— December
Annual average
1916— December
Annual average
1917 December
Annual average- _
1918— December
Annual average
1919_june
December
Annual average
1920—June
December
Annual average
1921— May
September
December
Annual average
1922— March
June
September
December
Annual average 1923— March
June
September
December
Annual average
1924— March
June
September
December
Annual average _
1925—June
December
Annual average
1926— june
December
Annual average
1927—June
December
Annual average
192g—June
December
Annual average
1929—June
December
Annual average- _
Fuel,
elecCloth- Rent tricity,
All
Food
2
items
ing
and
ice
70 7
72 6
71.8
74 0
72 5
82 4
77 9
97 8
91.6
118 0
107 5
121.0
135 3
124 5
149 4
138.3
143 2
126 6
125.3
123 6
127 7
119 3
119 5
118 7
120 4
119 7
120 2
121 6
123. 1
123 5
121.9
122 0
121 8
122 2
123 2
122.2
124 9
128.2
125 4
126.4
126 1
126 4
125.7
123 8
124.0
122 1
122.4
122 6
122. 1
122 8
122.5
79 9
83.9
81.8
83 9
80 9
100 6
90 8
125 4
116.9
149 6
134 4
148.5
160 0
152 1
185 0
146.4
168 5
121.2
129.2
126 1
128 6
118 3
121 0
118 1
122 4
120 3
119.7
123 7
126.6
126 0
124 0
121 3
121.5
123 1
125 9
122.8
131 9
140.6
132 9
137.8
136 8
137.4
137.5
132 5
132. 3
129 7
130.6
130 8
131.3
133 8
132.5
69 3
70.0
69.8
72 5
71 4
83 2
78 3
103 3
94.1
147 9
127.5
160. 1
198 4
168 7
209 7
187.8
201 0
161.5
139.5
133 4
154 8
127 3
124 9
123 5
123 6
125 6
125.4
125 7
126.7
126 7
125.9
126 3
125. 1
123 8
123 0
124.9
122 6
121.8
122 4
120.7
119 6
120 6
118.5
116.9
118.3
116 7
116.0
116 5
115.4
114 7
115.3
92 2
92.2
92.2
93.6
92 9
94 3
94 0
92 3
93.2
97 1
94 9
101.0
109 6
102 7
119 1
131.4
120 7
139.2
140.0
142 3
138 6
142 0
142 5
142 8
143 8
142 7
144.5
146 0
147.4
149 6
146 4
150 4
152 0
152 2
152 6
151.6
152 2
152.0
152 2
150.6
150 0
150 7
148.4
146 9
148.3
144 8
143.3
144 8
141.4
139 9
141.4
61 9
62.5
62.3
62 5
62 5
67 1
65 0
76 8
72.4
90 4
84 2
89.3
94 8
91 1
104 8
119.0
106 9
112 9
112.7
113 8
114 0
110.5
110 0
115.8
117 3
113 1
116.5
113 2
114.5
116 0
115.2
114 7
112.0
113 5
114.2
113.7
112 4
121.3
115 4
114.7
118 6
117.2
114.1
115.4
115.4
112 0
114.3
113 4
111. 1
113.6
112.5
House Miscelfurlanish- neous
ings
59. 1
61.5
60.7
65.4
63 6
75.5
70 9
89.0
82.8
121.2
106.4
128.8
152.3
134 1
169.7
164.4
164.6
141.6
127.8
124 4
138.5
317. 7
115.5
115.7
119 3
117.5
124.7
127.4
127.5
127.4
126.1
126.5
123.1
122. 1
122.7
124.0
121 3
121.1
121.5
118.6
117.3
118.8
115.7
115.2
115.9
112.8
112.1
113. 1
111.7
111.3
111.7
50.9
52.4
51.9
54.6
53 6
57.6
56 3
71.5
65.1
83. 1
77.8
85.5
94.3
87.6
100.7
104.7
100.5
104.7
104.0
103 5
104.3
101.8
100.9
100.7
100.4
101.2
100.5
100.5
101.1
101.5
100.8
101.2
101.3
101.3
101.7
101.4
102.3
102.6
102.2
102.5
102.8
102.6
103.1
103.6
103.2
103.6
104.3
103.8
104.5
104.9
104.6
All
Food 2 Clothing
items
Year and month
1930—June
December
Annual average __
1931—June
December
Annual average
1932—June
December
Annual average _ _
1933—June
December
Annual average _
1934—JuneNovember
Annual average
1935— March
July
October ._
Annual average
1936—January
April
Julv
September
December-. _ _..
Annual average
1937— March
June
_
September
December ._ _
Annual average
1938— March
June
September ..
December
Annual average _
1939— March _.
June
September
December
Annual average _
1940— March
June _
September
October
November
December
Annual average. _
1941 —January
February .
March
120.3
115.3
119.4
108.2
104 2
108 7
97 4
93 5
97.6
90 8
93.9
92.4
95.3
96 2
95.7
97.8
97.6
98.0
98.1
98 8
97 8
99.4
100 4
99.8
99 1
101.8
102.8
104.3
103.0
102 7
100.9
100 9
100.7
100 2
100.8
99.1
98 6
100.6
99.6
99.4
99 8
100.5
100.4
100.2
100.1
100 7
100.1
100.8
100.8
101 2
128. 1
116.5
126.0
102.1
96 5
103.9
85 7
82.0
86.5
82 2
88. 1
84.1
93.0
95 4
93.7
99.7
99 4
100.0
100.4
101 5
98 4
102.6
104 8
101.6
101 3
105.0
106.0
107 9
102.7
105 3
97.5
98 2
98.1
97 2
97.8
94.6
93 6
98.4
94 9
95.2
95 6
98.3
97.2
96.2
95.9
97.3
96.5
97 8
97.9
98.4
113 8
109.4
112.7
103.5
96 3
102 6
91 1
86 2
90.8
84 8
94.4
87.9
96.6
96 5
96 1
96.8
96 7
96.9
96.8
97 3
97 4
97.2
97 5
99 0
97 6
100 9
102. 5
105 1
104.8
102 8
102.9
102 2
101.4
100 9
102.2
100.4
100 3
100.3
101 3
100.5
102 0
101.7
101.6
101 6
101.6
101 6
101.7
100 7
100.4
102 1
Fuel, House
elec- fur- Miscellaand nishings neous
ice
Rent tricity,
138.0
135. 1
137.5
130.9
125 8
130.3
117 8
109 0
116.9
100 1
95.8
100.7
94.0
93 9
94.4
93.8
94 1
94.6
94.2
95 1
95 5
96.5
97 1
98.1
96 4
98.9
101.0
102 1
103. 7
100 9
103.9
104 2
104.2
104 3
104. 1
104.3
104 3
104.4
104 4
104.3
104 5
104 6
104.7
104 7
104.7
104 9
104.6
105 0
105. 1
105 1
109 9
112.4
111.4
107.3
109 1
108 9
101 6
102 5
103.4
97 2
102 9
100.0
100.3
101 8
101 4
102. 1
99 0
100.5
100.7
100 8
100 8
99. 1
99 9
100 5
100 2
100 8
99.2
100 0
100.7
100 2
101 2
98 6
99 3
100 0
99 9
100.1
97 5
98.6
99 9
99.0
100 6
98 6
99.3
99 9
100.3
100 7
99 8
100 8
100 6
100 7
109 9
105 4
108.9
98 1
92 6
98 0
84 8
81 3
85.4
81 5
91 1
84.2
92 9
93 6
92 8
94 2
94 5
95 7
94.8
95 8
95 7
95 9
96 6
97 9
96 3
102 6
104 3
106 7
107 0
104 3
104 7
103 1
101 9
101 7
103 3
100 9
100 6
101 1
102 7
101 3
100 5
100 1
100.3
100 4
100 6
100 4
100 5
100 1
100 4
101 6
105 2
104 9
105.1
104 3
103 3
104 1
101 8
100 2
101.7
97 8
98 1
98 4
97 9
97 8
97 9
98 1
98 2
97 9
98 1
98 2
98 4
98 7
99 0
99 1
98 7
100 2
100 9
101 7
102 0
101 0
101 6
101 8
101 6
101 0
101 5
100 5
100 4
101 1
100 9
100 7
100 8
100 6
101 4
101 6
lul 7
101 8
101 1
101 9
101 9
101 9
1 New series. Compiled by the Bureau of Labor Statistics, U. S. Department of Labor, to show the trend in the cost of goods purchased by wage earners and lower-salaried
workers in large cities. Indexes beginning 1935 are computed at quarterly intervals from price data for 33 large cities, except the food index which covers 51 cities and is computed monthly. Beginning in October 1940, monthly indexes are computed also for groups other than foods based on a more limited list of items than are priced quarterly
and covering 20 cities; these monthly indexes are linked to the quarterly indexes and are subject to revision after each quarterly pricing. The index from 1935 for quarterly
pricing periods is based on prices of nearly 200 goods and services (more than one quality being priced for the more important items) and rents collected for the types of dwellings occupied by wage earners and clerical workers. In addition to food, clothing, rent, fuel, electricity, and ice, and housefurnishings, the index covers a miscellaneous group
which includes transportation, medical care, household operation, newspapers, movies, tobacco products, and personal care. Prices are taken as of the middle of the month.
Weights used to combine price ratios for individual commodities and services into subgroups by cities were obtained from a study of the disbursements of wage earners and
lower-salaried clerical workers for some year in the period 1934-36, and represent actual family expenditures in each city covered, except for. clothing and housefurnishings for
which weights were derived from expenditures by regions. The weights were computed so as to represent all goods and services classified in each group rather than only the
items priced. Aggregate costs are computed for each group of items in the individual cities for each pricing period and the group costs combined to obtain the all-items costs
for the city. These costs are then related to costs in the base period 1935-39 to obtain the indexes. The individual city indexes are combined into the all-cities averages shown
in the above table with weights based on the 1930 population of the given metropolitan area and other cities in the same region and size class. The relative importance of
each group of items in the combined index for 33 cities in 1935-39 was as follows: Food, 33.9 percent; clothing, 10.5; rent, 18.1; fuel, electricity, and ice, 6-4; housefurnishings,
4.2; and miscellaneous, 26.9. These percentages change from time to time, because the prices in the different groups change at different rates.
A complete series beginning 1913 has been obtained by linking indexes based on a smaller number of commodities and cities to the index beginning in 1935.
The annual average for the food index is an average of monthly indexes for each year; the annual averages for other groups are based on costs for each relevant pricing
period, weighted in accordance with their relative importance. For example, for years when goods were priced only in June and December, costs in the preceding December
were considered.
For a more complete description of the indexes and data for the individual cities, see pp. 367-404 of the August 1940 issue of the Monthly Labor Review of the U. S.
Department
of Labor.
2
For monthly data beginning 1923, see table 51, p. 18, of the November 1940 Survey; this index was formerly shown in the Survey under retail prices.
Table 20.—DEPARTMENT STORE SALES—MINNEAPOLIS FEDERAL RESERVE DISTRICT '
[1935-39=100]
Year
Annual
index
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
105
122
117
115
115
116
121
118
118
115
Without adjustment for seasonal variations
Month
January
February
March
April
May
June
July
August
September
October
November
December
Annual index
Adjusted for seasonal variations
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939
_
_
108 101 98
86 86 79
110 100 108
111 118 115
114 116 103
114 105 100
93 83 78
103 92 87
124 1?1 100
131 131 115
120 104 94
173 161 141
116 110 102
81
67
89
93
78
79
52
65
88
95
76
107
81
62 70 71 75 80
51 60 63 67 74
70 90 86 91 107
84 81 91 102 100
78 86 89 101 103
77 80 89 98 105
54 54 63 71 78
75 74 81 86 87
85 94 98 111 119
91 98 109 129 126
74 88 99 103 104
118 135 142 161 155
77 84 90 100 103
79 82
70 68
101 105
106 106
93 103
100 104
74 75
89 98
116 126
119 128
105 106
160 175
101 106
122
116
110
109
112
117
123
119
114
111
122
116
115
115
107
108
115
108
110
106
111
111
106
108
112
106
111
109
102
103
103
100
92
98
96
95
98
92
88
90
76
80
75
74
81
81
75
71
75
70
74
76
75
77
77
86
78
77
74
78
88
85
88
81
88
80
76
84
82
82
88
87
89
90
88
86
90
89
89
92
86
92
99
91
94
95
91
99
102
99
100
98
97
108
103
103
101 99
105 99
104 102
101 101
104 94
105 101
no 104
99 101
104 101
105 99
103 105
99 103
103
97
104
103
104
104
106
111
110
107
105
112
i Revised series. Compiled by the Federal Reserve Bank of Minneapolis based on dollar sales of 19 department stores in Minneapolis, St. Paul, and Duluth-Superior. The
revision involved changing the base from 1929-31 = 100 to 1935-39=100 and a recomputation of the seasonal factors. The dollar sales were not reduced to daily averages. The
ratio-to-moving average method of seasonal adjustment was used, with allowance for the changing date of Easter. For data for 1940 and 1941, see p. 25 of this issue, except for
January and February 1940, for which see p. 25 of the March 1941 SURVEY.
SURVEY OF CURRENT BUSINESS
May 1941
19
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 March for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
1940
March
April
May
June
July
1941
August
September
DecemOctober November
ber
January
February
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments _. . _ .1929=100 .
Salaries and wages
do
Total nonagricultural income
do . .
Total
mil. of dol
Salaries and wages:
Total
do _
Commodity-producing industries . _ do
Distributive industries
do
Service industries
_ -do
Government
do
Work-relief wages
_
_do
Direct and other relief
do
Social-security benefits and other labor income
mil. of dol
Dividends and interestdo
Entrepreneurial income and net rents and
royalties
mil. of dol
Total nonagricultural income
. -do
P97.8
*99.7
*>98.9
* 6, 785
88.4
87.0
89.3
5, 987
88.2
86.2
88.7
5,965
88.6
87.3
89.8
5,689
88.7
87.9
90.7
6,288
89.3
88.8
91.1
6,103
90.5
90.4
92.3
5,791
91.7
91.5
93.0
6,467
92.5
92.2
93.4
6,681
93.6
93.9
94.7
6,240
v 4, 364
v 1, 743
?967
P895
P635
P124
*89
3,784
1,352
900
845
539
148
94
3,784
1,356
900
845
540
143
92
3,838
1,391
908
854
548
137
89
3,871
1,419
915
860
557
120
86
3,766
1,423
923
854
452
114
87
3,841
1,493
917
859
455
117
87
4,030
1,562
940
867
550
111
84
4,178
1,604
963
882
602
127
86
4,169
1,597
958
888
609
117
86
4,290
1,642
1,004
900
620
124
88
v 152
P925
155
820
152
799
166
472
166
1,050
167
901
164
485
150
897
145
845
144
494
145
1,573
v 1, 255
v 6, 250
1,134
5,519
1,138
5,479
1,124
5,211
1,115
5,821
1,182
5,562
1,214
5,232
1,306
5,818
1,427
5,909
1,347
5,570
1,294
6,797
v 69 0
p 89 0
p 82 0
P95.5
P 94 5
P99.0
v 82 0
60.0
76.0
72.5
79.0
89.5
75.0
70.0
62.5
81.5
77.0
85.5
89.5
88.0
70.5
66.0
80.0
73.5
85.5
84.5
90.5
70.5
62.5
70.0
61.5
78.0
82.0
79.0
64.0
75.0
71.0
57.5
83.0
84.0
88.0
65.0
79.0
71.0
59.0
81.5
90.0
82.0
65.0
95.0
75.5
64.5
85.5
92.0
88.0
67.0
117.0
80.5
69.0
90.5
93.5
94.5
70.5
96.5
79.5
66.5
91.5
99.5
91.0
74.5
86.0
85 5
72 0
98.0
104 0
96.0
89 5
74 5
86 5
73 0
98.5
99 5
101.0
85 0
143
148
176
181
124
136
118
186
190
131
112
112
121
113
107
113
104
126
134
101
88
71
117
111
144
299
134
99
158
162
112
112
120
106
109
108
109
126
129
114
115
103
116
96
141
306
130
98
141
162
116
116
125
123
114
108
117
126.
129
129
140
131
119
91
132
329
118
102
137
172
121
122
134
151
116
110
119
129
130
129
143
146
117
79
131
371
114
106
124
176
118
118
127
147
111
107
112
129
131
127
136
147
121
66
96
394
70
116
117
185
120
120
128
153
123
118
126
135
141
133
141
150
124
93
63
455
23
124
130
202
129
130
144
161
132
127
134
142
154
139
150
161
118
118
120
501
89
137
135
213
134
136
155
164
132
133
132
149
167
142
154
154
119
127
167
544
142
152
141
229
135
137
158
166
126
130
123
172
136
145
147
115
129
184
590
161
163
153
219
135
139
162
172
121
133
114
164
172
125
124
125
111
141
183
624
152
186
172
263
133
137
161
170
116
123
113
168
176
110
100
110
144
186
671
151
204
176
280
112
120
110
88
89
116
168
123
130
131
116
131
113
119
115
101
108
131
51
88
124
110
112
110
91
98
120
164
109
124
123
113
135
109
103
106
105
109
134
51
98
112
114
89
112
104
114
131
144
102
123
121
114
138
110
102
109
111
114
137
57
109
110
119
108
116
102
111
132
111
112
124
120
118
141
114
108
122
118
120
138
65
120
118
121
108
120
98
102
126
88
127
127
124
118
144
114
113
120
126
129
144
77
129
120
121
104
120
98
96
116
75
151
124
124
119
147
115
112
129
137
139
151
87
140
115
121
93
122
99
95
115
73
159
123
124
119
149
115
112
131
140
142
154
79
144
98
117
87
121
104
106
103
76
133
128
127
120
150
115
109
142
137
144
150
72
136
108
95.8
97.0
96.9
7,390
'96.8
r
98. 1
r
r
97. 5
r
6 544
r
97
r
99
r
3
3
98 3
r 6 187
r
r 4 281
4 218
' 1, 633 r 1, 700
r 943
949
••891
892
r
r 624
614
131
122
r
r 90
90
r
155
811
150
443
1 270
5 994
r 5 684
r I 223
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!
(Federal Reserve)
Unadjusted:
Combined index
1935-39=100-.
Manufactures
-do
Durable manufactures
do
Iron and steel
..do
Lumber and products*
do
Furniture*
.
do
Lumber*
do
Machinery*
_ _
do
Nonferrous metals*
do
Stone, clay, and glass products*.. do
Cement
do .
Common and face brick*
.do
Glass containers*
do
Polished plate glass
do
Transportation equipment*.
do
Aircraft*
do
Automobiles
. do
Locomotives*
do-_.
Railroad cars* _ .
_ do
Shipbuilding*
do
141
203
p 751
•p 161
245
v 176
P332
105
109
105
Nondurable manufactures
. ...do ._
P 125
106
94
107
Alcoholic beverages*
do
114
113
Chemicals*
do ...
113
v 130
89
86
Leather and products
do .
100
v 117
91
86
Shoes*
do
106
p. 126
101
107
100
Manufactured food products*
do
P107
112
143
95
Dairy products* .
do .
111
116
117
Meat packing
do
P 120
114
119
127
Paper and products*
do
114
120
128
Paper and pulp*
do
115
115
114
Petroleum and coal products*
do .__
118
122
120
Coke*
.
do .
114
113
113
Petroleum refining-.
.do
114
119
Printing and publishing*
do
111
114
117
116
Rubber products*
do
p 150
97
100
101
Textiles and products...
do
P146
115
110
109
Cotton consumption*.
do
156
127
132
127
P 148
Rayon deliveries*.
do
60
66
55
Silk deliveries*
.do
p74
73
85
77
Wool textile production* .. . do ._
P 150
105
112
97
Tobacco products
do
r
Revised.
» Preliminary.
tRevised series. For revised data on income payments beginning 1929, see table 42, pp.
marked with a "t" on p. 20.
*New series. See note marked with a "t" on p. 20.
r!53
r 61 5
r 84 0
66 5
' 100. 5
r 102 0
r 105. 0
78 0
138
142
167
172
119
r 129
113
r 177
181
112
102
120
131
'r 199
728
161
r 222
r
180
'307
122
94
123
117
120
'103
84
122
133
r
r
120
152
115
115
147
143
152
143
••68
149
108
17 and 18 of the October 1940 Survey, For industrial production series, see note
20
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1941
May 1941
1940
March
March
April
May
June
July
August
SepNovem- Decemtember October
ber
ber
1941
Janu- February
ary
BUSINESS INDEXES— Continued
INDUSTRIAL PRODUCTION^- Con.
Unadjusted — Continued.
Minerals
1935-39=100
Fuels*
do
Anthracite
do
Bituminous coal
do
Crude petroleum
do
Metals*
do
Cooper*
- do
Lead
do
Zinc
do _ - _
Adjusted:
Combined index
do
Manufactures
do
Durable manufactures
...do
Iron and steel
-do
Lumber and products*
do
Furniture*
do
Lumber*
do
Machinery* .
do
Nonferrous metals* .
do
Stone, clay, and glass products*— do
Cement
do
Common and face brick*
do
Glass containers*
do
Polished plate glass . _ ._ _ do
Transportation equipment*
do
Aircraft*
- do _
Automobiles
do
Locomotives*
- do
Railroad cars*
do
Shipbuilding*
do
Nondurable manufactures
do
Alcoholic beverages*
do
Chemicals*
do
Leather and products —
do
Shoes*
-do
Manufactured food products*. _ _do
Dairy products*
do
Meat packing
- do
Paper and products*
do
Paper and pulp*
-- do
Petroleum and coal products*
do
Coke*
-- -- do
Petroleum refining
do
Printing and publishing* _ . d o
Rubber products*
do
Textiles and products
do
Cotton consumption*
__do
Rayon deliveries*
_- _ do
Silk deliveries*
do
Wool textile production*. _
do
Tobacco products
do
Minerals
-- - do
Fuels*
do .
Anthracite
do
Bituminous coal
do
Crude petroleum
do
Metals*
do
Copper*
- do
Lead
.
do .
Zinc
do
pl!6
v 119
*105
*143
pill
*93
p 151
147
*143
?146
p 171
p'168
*128
p 134
*125
p 182
v 185
f 158
135
P 188
*751
p 145
*250
p 166
*319
*126
P125
P109
Pll4
P120
*133
150
143
147
357
P71
150
124
120
102
149
110
150
148
140
110
114
86
104
121
87
144
115
130
111
113
89
100
121
95
150
119
127
118
113
90
102
119
148
141
122
119
118
111
104
100
116
161
140
116
116
121
111
101
106
114
179
133
112
121
117
109
83
111
111
164
135
114
118
124
115
100
124
114
171
136
112
127
122
112
97
110
114
184
146
117
131
119
115
96
128
111
147
147
114
135
114
116
112
127
111
102
146
118
139
113
117
114
130
111
91
145
116
137
115
'118
112
'134
114
'98
154
113
112
118
106
111
112
110
123
132
120
117
106
124
105
132
299
120
101
149
156
106
97
109
'94
'95
112
112
128
110
110
118
118
117
106
116
100
108
139
64
77
103
117
114
84
109
120
133
141
117
124
111
110
113
99
110
111
109
123
124
115
115
108
116
96
117
306
103
103
125
156
107
104
111
'87
'87
111
112
117
116
117
115
119
114
108
115
100
107
137
61
79
111
119
116
83
120
118
135
144
118
123
115
114
119
118
112
115
110
124
127
113
115
109
112
91
117
323
101
102
121
164
110
100
114
'88
88
111
106
117
127
128
114
123
113
115
117
104
109
142
58
87
110
117
114
82
120
116
135
143
124
119
121
122
131
154
111
113
110
128
130
112
113
118
111
80
122
364
106
102
111
170
114
113
116
96
101
115
111
126
132
132
115
132
112
120
115
107
114
144
56
89
115
118
116
113
116
116
134
143.
117
118
121
121
132
156
107
115
104
133
138
115
110
117
117
100
111
394
87
113
119
189
112
108
117
94
101
110
113
116
130
130
112
139
108
114
106
113
121
137
57
100
103
120
117
129
121
114
139
150
120
129
121
122
135
158
114
115
113
138
146
119
115
129
114
114
107
455
76
123
127
213
112
91
115
97
101
114
109
119
124
123
113
139
109
110
109
113
124
127
61
106
106
114
112
112
121
108
124
144
117
125
125
127
146
164
121
121
121
145
153
124
125
131
116
118
138
517
109
140
148
220
112
103
114
95
99
109
109
121
120
118
116
142
112
108
119
116
120
120
65
123
108
116
114
105
119
114
127
132
108
131
129
131
150
165
123
122
124
146
164
126
133
126
115
111
157
544
130
160
148
227
116
103
116
97
'100
117
111
127
122
121
116
144
112
109
120
123
126
129
71
132
115
113
109
91
98
115
135
140
119
131
132
135
154
166
127
125
128
'153
169
130
140
135
114
113
162
584
133
168
166
226
'120
96
117
107
112
116
109
133
125
124
118
146
114
110
126
134
135
146
77
142
113
117
113
94
112
115
145
141
107
134
138
142
164
181
132
128
133
163
177
140
155
147
119
117
168
624
134
174
177
261
123
101
121
108
113
120
112
134
130
131
120
147
116
112
138
140
145
155
74
142
114
118
113
105
115
113
148
142
112
135
139
143
170
174
137
132
139
173
181
154
181
141
145
172
168
135
'129
'139
'177
184
158
183
123
137
188
685
149
204
'207
289
121
105
123
107
110
115
116
114
129
129
121
148
117
111
138
134
138
154
69
134
113
118
114
98
117
114
143
148
116
135
131
138
'199
'728
159
'218
'187
'316
123
108
'123
107
111
118
114
P126
129
'145
121
148
117
114
150
134
142
'148
'67
136
116
118
'113
102
114
'113
' 150
151
'142
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
P194
106
New orders, total
Jan. 1939=100..110
121
133
127
164
172
176
130
172
' 189
171
P286
112
118
Durable goods
do
141
157
211
246
159
252
163
235
'277
237
p295
Electrical machinery
do
129
131
168
141
190
208
228
294
257
'303
253
258
P295
101
Iron and steel and their products
do..-104
161
145
151
256
140
199
211
'295
216
214
P287
125
Other machinery
do
212
133
141
159
154
238
167
231
r 277
209
267
Other durable goods
do . _ . P268
113
123
135
144
162
225
179
269
282
231
'237
292
p 135
101
Nondurable goods
do
105
118
132
109
107
'132
108
133
131
129
120
p 164
121
Shipments, total
.
do
120
126
117
145
123
124
148
146
148
152
'159
*198
Durable goods
do _.
131
133
140
158
175
136
127
129
184
'189
167
172
P 172
Automobiles and equipment...
.do... .
124
127
118
107
75
155
41
100
148
158
'165
161
P210
Electrical machinery
do
133
142
147
153
137
161
143
181
205
159
200
178
*>209
Iron and steel and their products
do.._.
121
126
152
133
146
163
190
198
180
175
176
195
Transportation equipment (except auto*349
mobiles)
Jan. 1939=100
228
235
188
197
180
211
244
234
268
'325
261
336
*>216
Other machinery _ _ . _ _
do
142
151
155
157
147
165
149
162
181
'202
170
193
P182
128
Other durable goods
do
129
138
132
137
147
171
163
172
'176
173
167
P134
Nondurable goods...
_
do
112
108
111
114
109
124
119
134
128
'133
127
123
P147
Chemicals and allied products
do _.
111
115
121
121
110
116
138
142
124
129
146
130
P120
Food and kindred products
do
111
114
107
111
108
114
131
122
113
112
'120
120
*152
Paper and allied products
do _.
119
142
124
135
137
'141
137
148
1?9
133
134
146
P 115
Petroleum refining
do
'109
106
108
112
103
111
103
110
107
112
110
107
*173
Rubber products
do
123
122
130
135
159
130
147
158
163
164
169
'171
Textile-mill products
do
P156
101
92
93
142
'154
113
136
140
141
143
Other nondurable goods
do....
"139
133
il§
105
103
107
114
147
132
'134
147
130
123
p
Revised.
P Preliminary.
fRevisedd series. Revised indexes of industrial production beginning 1919 (1923 for industrial groups and industries), including the new series, are available on pp. 12-17
of the August
„ , except
. for subsequent
.
„_. 19 of the December 1940 Survey,, and for rayon
„ deliveries,, total manufactures
„
„
ist 1940 Su
Survey,
1939 revisions for aircraft on p.
x(unadjusted),
/7
and durable manufactures (unadjusted) on pf20 of the March 1941 Survey; a few minor revisions in 1939 data for transportation equipment, alcoholic beverages', dairy products^
textiles and products, minerals, and crude petroleum are available upon request.
*New series. For industrial production series, see note marked with "t". 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).
May 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
SUKVEY OF CURRENT BUSINESS
1941
March
21
1941
194O
March
April
May
June
July
Sep- October Novem- DecemAugust tember
ber
ber
January
February
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*-Con.
Inventories, total.
Dec. 31, 1938=100 Durable goods
do
Automobiles and equipment,.
do __
Electrical machinery
do
Iron and steel and their products ... do
Transportation equipment (except automobiles)
.Dec. 31, 1938=100
Other machinery
do
Other durable goods.
do
Nondurable goods
do
Chemicals and allied products. .. . do
Food and kindred products
do
Paper and allied products _ ._
do
Petroleum refining
do
Rubber products
.
do
Textile-mill products
do __
Other nondurable goods. .
do
122.4
132.1
139.1
157.2
123.8
343.8
130.5
110.0
111.9
116.3
104.8
112.7
p97. 9
139.5
125.4
109.2
r 109. 8
r
112. 2
112.7
114.5
111.1
165.6
112.4
108.7
«• 106. 6
111.1
100.5
108.0
94.5
119.6
113. 0
107.3
108.9
111.5
109.1
114.9
110.8
109.1
112.1
105.9
116.5
113.6
108.6
111.8
95.9
115.6
116.3
109.2
111.9
86.6
115.6
119.1
110.9
115.4
112.3
115.5
120.1
112.2
118.4
128.7
116.7
121.1
114.4
121.2
130.6
122.1
123.8
116.5
124.1
130.7
126 8
126.9
119.3
127 9
134.7
133 9
129.4
120.8
129.7
134.3
140 4
128.5
' 121. 1
' 130. 7
»• 135. 6
f 148. 2
127.0
160.4
110 9
107.8
106.2
111.5
98.4
106.6
95 5
120.7
164.9
110 6
107.0
105.8
111.1
97.5
104.9
97 1
122.2
106.0
105.3
174.4
110 0
106.7
105.2
111.3
97.1
104.0
96 3
116.7
118.5
104.6
185.2
110 8
105.7
106.4
111. 7
100.6
104.5
98 3
120.5
118.5
104.1
194.7
110.7
104.5
106.0
112.4
101.7
107.1
98 3
124.0
114.9
100.8
207.8
112 2
104.1
105.5
110.7
99.8
108.4
99 0
125.5
115.0
100.3
228.8
114.8
104.9
107.1
110.1
101.0
110.3
98.7
124.6
119.9
103.2
251.9
117.6
105.9
108.5
110.5
104.6
110.7
97 7
124.4
121. 4
104.2
271.1
122 1
108.3
110.1
114.1
107.0
112.8
98 5
126.6
119.0
106.7
297.1
125 6
110.2
111.2
114.2
105.8
111.8
98.4
131.4
119.7
111.7
* 318. 9
'128. 2
' 108. 5
' 110. 8
»• 114. 8
' 103. 9
••112.0
'98.4
r
135. 1
T
121. 5
»• 110. 0
COMMODITY PRICES
COST OF LIVING
National Industrial Conference Board:
85.5
84.8
85.5
85.4
86.3
86.1
85.9
86 0
85.7
85.7
85 0
85 2
85.5
Combined indext
1923=100
Clothing
do
73.1
73.2
73 1
73 2
73 1
73 0
73 0
73 1
73 1
73 1
73 0
73 2
73 1
77.2
77.4
79.2
78.8
78.2
78.4
78.3
78.7
77.4
79 1
76.9
77 4
Foodf
do
78 1
Fuel and light
do
86.4
86.3
86 4
86 5
86 4
85 9
84 8
84 2
85 8
85 3
85 4
84 1
84 5
Housing
do
87.5
87.5
87.4
87.7
87 7
87 6
86 8
86.9
86 8
86 6
87 0
86 7
86 7
r
Sundries
do
98 3
98 2
98.1
98 1
98 1
98 1
98 2
98 1
97 0
96 9
98 1
97 0
97 0
U. S. Department of Labor:
Combined index*
1935-39=100 ._
100.1
100.8
100.7 ' 100. 8
100.2
100.4
lOl"! 2
99.8
100.5
Clothing*
do....
102.1
100.4
101.6
101.6
101.6 «• 100. 7
102.0
101.6
101.7
Foodt___
do
98.4
95.9
97.8
97.9
97.3
97.2
96.2
95.6
98 3
Fuel, electricity, and ice*
do
100.7
100.3
100.7 r 100. 8 ' 100. 6
99.3
99.9
100.6
98.6
100.6
Housefurnishings* _
do
101.6
r 100. 1 «• 100. 4
100.4
100.4
100.3
100 1
100 5
105.1
105.1
105.0
Rent*
do
104.7
104.9
104.7
104.7
104.5
104.6
101.9
101.9
101.9
Miscellaneous* .
do
101. 7
101.8
101.6
100 8
101 4
100 6
PRICES RECEIVED BY FARMERS §
U. S. Department of Agriculture:
104
103
Combined index
1909-14=100..
103
99
101
99
96
97
95
97
98
95
98
100
Chickens and eggs . . _. . do
90
90
120
122
112
104
88
90
81
82
83
84
82
Cotton and cottonseed
do
80
80
79
79
76
78
80
77
81
85
85
83
121
118
118
Dairy products ._
.
do
121
128
116
111
109
105
114
104
110
106
Fruits
do
83
78
80
71
75
79
79
73
73
89
104
81
88
84
84
Grains
_ _. . _ , . do
81
83
81
80
78
76
92
77
83
92
96
129
130
130
Meat animals
do
111
112
112
114
110
102
110
102
108
104
134
117
156
Truck crops _
do
93
98
99
114
98
107
112
118
128
117
104
91
93
Miscellaneous..
do _
102
90
100
95
98
107
101
100
100
101
RETAIL PRICES
U. S. Department of Labor indexes:
83.0
83.0
Anthracite
1923-25= ICO
82.3
82.5
'83.0
81.2
81.7
81 0
78 6
90.3
90.3
90.3
Bituminous coall
do
90.2
90.0
89.0
86.9
89.0
85 5
Food (see under cost of living above).
Fairchild's index:
94.2
94.8
94.5
Combined index.
Dec. 31, 1930= 100...
93.9
93.7
93.2
93.5
92.9
92.9
92.8
92.9
92.8
92.8
Apparel:
97.6
97.6
97.6
Infants'
do
97.6
97 7
97 3
97 0
97 3
96 9
96 9
97 0
96 9
96 9
89.3
89.4
89.3
Men's __
do _
89.3
89.3
89.3
89 1
89 1
89 1
89 1
88 9
88 9
88 9
93.0
93.3
Women's
.
do
93.6
92.5
91.6
92 1
92 2
91 8
92 1
92 0
91 9
91 7
91 8
95.8
96.0
96.5
95.7
Home furnishings
do
95.6
95 3
95 0
94 6
94 6
94 4
94 5
94 3
94 6
87.3
87.8
87.6
Piece goods
.
do
87.0
86 8
86 7
86 7
86 0
86 0
86 0
86 0
86 0
86 0
WHOLESALE PRICES
U. S. Department of Labor indexes:
80.8
81.5
80.6
80.0
Combined index (813 quotations • ) ..1926= 10079.6
77.4
78.0
78.7
78.4
77.7
77.5
78.6
78.4
Economic classes:
83.5
84.2
83.5
82.8
Finished products
._
do
82.6
82.1
81.0
81.5
81.2
80.9
81.3
80.5
81.1
70 7
74.6
74.0
75.3
73.6
Raw materials ..
do
72.6
72 o
71 4
70 5
69 8
70 7
73 0
72 0
81.3
83.4
81.6'
80.7
Semimanufactures
.do
79.4
80.7
77.0
77.6
77! 8
78.2
79.7
78.3
77.9
71.6
70.3
71.6
69.7
68.2
Farm products
do
66.4
66.2
65.6
66.5
66.2
67.9
69.4
67.9
67.6
64.5
67.8
Grains
._ .. _. do
67.0
67.7
65 4
59 3
61 7
60 8
73 4
71 2
64 4
77 2
83.0
82.4
82.5
72.7
Livestock and poultry .
do
69.9
70 6
72 4
71 5
69 8
64 7
67 1
68 4
69 6
Commodities other than farm products*
82.7
82.7
82.1
83.6
81.9
1926=100-..80.4
81.3
80.0
79.9
80.5
80.5
80.5
79.8
73.7
75.2
73.5
73.5
72.5
Foods
..
..
do
71 1
70 1
71 5
70 3
70 2
70 3
71 6
71 4
80.2
79.7
80,3
82.3
84.2
77.3
Dairy products
do
75.1
74.3
73.7
77^4
78.6
72.2
72.8
59.6
59.4
61.2
60.4
Fruits and vegetables
do
60.7
58.9
60
8
63
2
69 0
73 9
58 7
65 7
69 2
83.2
83.6
76.2
77.0
83.7
Meats..
.
.do
75 6
79 0
72 9
76 1
70 7
69 2
73 8
71 1
Commodities other than farm products and
84.3
84.4
84.1
84.1
foods
1926=100
84.9
83.5
82 3
82 3
82 0
82 9
82 5
82 2
82 5
99.6
99.3
98.9
99.3
Building materials
do__
99.5
97.8
95.6
92 5
93 3
93 3
92 5
92 4
92 5
91.3
91.4
91.1
90.2
91,5
90.2
Brick and tile
do
90.2
90.4
90.1
90.1
90.2
90.2
90.2
90.8
90.8
90.9
90.8
90.8
90.7
90.6
90.6
90 6
Cementt do
90 6
91 2
90 3
90 5
118.4
117.2
117.5
114.4
118.8
116 7
107 1
98 4
Lumbert
do
94 8
97 4
96 7
96 0
94 8
78.6
78.5
77.5
77.7
76.9
79.8
Chemicals and allied products!
do
77.0
76.8
77.0
76.7
76.8
76.1
76.7
85.6
85.7
85.1
85.4
85.0
85.9
84.8
84.8
Chemicalsf
do
85 1
84.9
85 0
85 1
85 1
96.5
95.9
96.2
96.9
97.2
Drugs and Pharmaceuticals f . do .
95.8
96
2
96
0
95
9
82 2
81 4
82 0
81 8
70.7
70.4
69.9
70.0
70.4
68.1
68.1
67.3
68.0
70.8
67.4
Fertilizer materials!
do
70.6
70.7
' Revised. * Preliminary. • Number of quotations increased to 887 in recent months. tFor monthly data beginning 1933, see p. 18 of the April 1940 Survey.
§Data for April 15,1941: Total, 110; chickens and eggs, 104; cotton and cottonseed, 88; dairy products, 121; fruits, 89; grains, 90; meat animals, 137; truck crops, 161; miscellaneous, 94*
^Covers 38 cities in March, 37 in June, September, and October, 36 in November, and 35 beginning in December; data now available monthly for coal-burning season,
fRevised series. National Industrial Conference Board's index of cost of living and food component and index of wholesale prices of lumber revised beginning 1935, see
tables 5 and 7, respectively, p. 18 of the January 1941 Survey. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940 Survey. Data for chemicals and allied products and subgroups revised beginning 1926; see table 32, p. 18 of the August 1940 Survey.
*New series. For Department of Labor's index of prices of commodities other than farm products beginning 1913, see table 36, p. 18 of the September 1940 Survey. For
indexes of manufacturers' inventories beginning January 1939, see monthly Surveys beginning with the September 1940 issue (description of data and figures for January-June
1939 are available on pp. 7-13 of that issue except for revisions eiven in note marked with an "*" on p. 21 of the November 1940 Survey). Earlier data for the Department
of Labor's cost of living series appear in table 19, p. 18 of this issue.
22
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
March
May 1941
March
April
May
August
July
June
1941
September
DecemOctober November
ber
January
.February
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.)
71.8
76.0
82.0
50.4
101.8
94.8
93.2
108.2
88.4
94.5
81.9
94.5
94.3
79.2
80.9
72.9
84.7
70.2
61.7
29.5
45.4
83.8
77.7
58.0
89.5
71.7
73.9
84.4
50.7
101.3
92.2
93.6
107.9
88.5
94.8
81.9
94.5
94.2
80.3
80.6
72.9
85.0
69.4
61.3
29.5
47.0
83.4
77.7
58.0
90.7
71.4
74.2
87.4
50.0
99.2
81.9
92.4
107.9
88.5
94.9
81.7
94.7
94.3
81.2
80.5
72.6
85.3
68.4
61.6
29.5
46.1
83.7
77.3
58.2
91.7
71.1
73.3
88.2
49.5
99.0
84.6
91.4
107.0
88.5
94.8
81.8
95.1
94.6
80.8
80.5
72.4
85.3
68.8
61.5
29.5
43.3
83.9
77.7
58.8
93.5
71.1
72.4
84.5
49.2
96.9
77.1
88.3
107.0
88.5
94.8
81.8
94.9
94.8
79.1
80.5
72.3
85.6
68.6
61.5
29.5
43.0
83.7
76.7
58.8
93.5
71.0
73.5
84.8
48.9
98.3
84.0
88.9
107.0
88.5
94.8
81.8
95.4
94.9
80.7
80.5
72.5
85.6
69.2
61.4
29.5
42.8
84.2
76.5
58.8
93.2
71.6
71.7
82.4
49.0
100.4
93.8
90.9
107.0
88.6
95.0
81.8
97.3
94.9
83.6
80.5
73.6
85.7
71.5
61.4
29.5
.44.7
86.3
76.9
58.8
93.2
71.9
73.3
80.5
49.3
102.3
101.2
93.2
107.1
88.6
95.0
81.8
97.6
95.3
83.9
80.5
74.5
85.7
73.6
61.5
29.5
42.8
88.8
77.5
58.6
93.1
71.7
73.4
78.2
49.5
102.3
99.3
94.1
107.2
88.9
95.1
82.2
97.6
95.4
83.4
80.5
74.8
85.5
74.9
60.7
29.5
42.5
89.0
77.3
58.3
93.1
72.1
72.1
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
72.2
77.1
80.4
50.4
101.8
94.3
93.5
108.4
88.0
94.2
81.5
95.5
96.4
79.7
81.0
74.0
85.1
71.8
62.2
29.5
49.9
84.5
76.9
55.6
89.0
77.5
50.0
102.4
99.1
94.4
107.4
89.0
95.2
82.6
97.7
95.7
83.6
80.5
75.2
86.6
75.8
59.9
29.5
42.5
89.2
77.1
58.2
93.1
77.6
50.0
101.6
94.8
94.5
107.4
89.1
95.3
82.6
97.6
95.5
84.0
82.2
76.4
87.2
77.5
60.3
29.5
43.3
, 91.2
76.9
58.2
93.3
123.6
128.5
142.7
117.8
128.5
132.3
151. 5
119.9
128.1
131.6
149.9
119.6
128.5
130.4
149.9
119.3
129.9
128.7
154.8
118.9
129.6
129.9
154.8
118.6
130.1
131.4
153.1
119.0
129.1
130.2
151.5
118.6
128.0
131.6
148.6
118.9
125.6
131.9
148.6
118.9
125.9
130.0
145.6
118.3
124.7
129.4
141.4
118.2
125.0
129.2
142.7
118.1
72.0
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
Retail food pricesf
Prices received by farmers
Cost of livingf
--
_
1923-25=100..
_ do .
__-do
.. ._ do
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes) :
Total, unadjusted
1923-25=100
Residential, unadjusted
do
Total, adjusted
do
Residential adjusted _
do
F. W. Dodge Corporation (37 States):
Total projects. __
_.
_ number. .
Total valuation
thous. of dol
Public ownership
do
Private ownership
do
Nonresidential buildings:
Projects
number
Floor area
thous. of sq. ft-_
Valuation .
thous. of dol__
Residential buildings, all types:
Projects
number
Floor area
thous. of sq. ft. Valuation
.
thous. of dol
Public works:
Projects
number
Valuation . _ . _
thous. of dol_
Utilities:
Projects.
number..
Valuation
thous. of dol._
Families provided for and indicated expenditures for building construction (based on
bldg. permits). U. S. Dept. of Labor indexes:
Number of families provided for. ..1929=100.Indicated expenditures for:
Total building construction
do. _
New residential buildings
do
New nonresidential buildings
. do
Additions, alterations, and repairs. . do
Estimated number of new dwelling units provided in all urban areas (U. S. Dept. of
Labor) : t
Total
-.
number-.
1-family dwellings
do
2-family dwellings .
_ do
Multifamily dwellings
do
Engineering construction:
Contract awards (E. N. R.)§.._ thous. of dol..
*>96
*79
p95
*>76
63
60
62
57
73
73
64
62
78
75
64
64
86
76
74
69
93
78
85
77
94
81
90
82
93
82
93
82
90
82
95
85
99
83
111
87
93
77
115
90
84
70
103
84
'86
'68
'99
'76
32, 304
479, 903
226, 392
253, 511
23, 920
272, 178
94, 971
177, 207
26, 101
300, 504
103, 450
197, 054
29, 201
328, 914
111, 578
217, 336
26, 679
324, 726
147, 316
177, 410
28,466
398, 673
204, 568
194, 105
31, 512
414, 941
195, 293
219, 648
31, 671
347, 651
143, 996
203, 655
34, 084
383, 069
174, 506
208, 563
31,528
380, 347
194, 591
185, 756
34, 959
456, 189
257, 693
198, 496
21, 462
305, 205
111, 124
194, 081
25, 001
270, 373
96, 425
173, 948
5,668
29, 451
201, 458
3,645
14,444
73, 735
3,815
16. 610
88, 821
4,346
16, 971
90, 164
4,078
18,028
91, 995
4,130
23, 413
138, 954
5,199
23,654
119, 189
5,135
23,431
101, 295
7,284
34,028
136, 405
6,144
33, 890
148, 367
8,746
42, 129
182, 618
3,438
23, 918
118, 757
4,120
19, 718
90, 058
25, 325
35, 801
147, 859
19, 053
31, 078
121, 708
20, 594
33, 459
135, 420
22, 939
36, 312
145, 912
20, 584
33, 537
135, 274
22, 387
36, 227
140, 430
24, 277
38,987
152, 988
24, 758
41, 630
152, 372
24,888
40, 778
148, 469
24,009
42, 151
152, 838
24, 176
48, 183
159, 275
16, 936
28, 450
111, 306
19, 746
29, 322
116, 459
975
84, 592
1,008
58, 905
1,512
62, 881
1,733
81, 261
1,789
74, 433
1,686
85, 681
1,685
119, 358
1, 339
59, 898
1,482
73, 220
921
51, 430
761
73, 447
812
59, 622
725
42, 242
336
45, 994
214
17,830
180
13, 382
183
11,577
228
23, 024
263
33, 608
351
23, 406
439
34, 086
430
24,975
454
27, 712
476
40,849
276
15, 520
410
21,614
84.0
68.2
82.7
79.6
63.0
79.5
80.4
86.2
98.0
67.4
66.2
63.7
47.1
59.8
22.4
54.5
43.6
47.1
••26.1
52.4
'52.0
'57.0
••29.7
64.4
'52.9
58.5
'30.6
62.1
'46.7
45.2
'31.0
69.1
'56.0
56.4
'39.7
65.8
55.5
55.5
'40.9
60.4
51.4
60.5
'28.0
60.5
'77.7
'68.5
69.8
57.0
60.8
47.4
60.3
43.5
63.4
45.6
67.4
40.2
41.8
43.8
27.5
43.7
31, 133
23, 068
1,927
6,138
37, 308
27, 514
2,827
6,967
36, 636
27, 449
3,352
5,835
28, 835
23, 293
2,081
3,461
35, 307
28, 040
2,948
4,319
35, 813
28, 638
2,986
4,189
37, 487
27, 006
3,944
6,537
41, 899
29, 061
3, 436
9,402
30, 352
22, 509
2,333
5,510
28, 543
20, 773
2,042
5,728
179, 836
211,816
282, 296
252, 763
347, 852
397, 253
368, 252
702, 842
382, 724
398, 704
452, 430
63 4
^
39 9
43.6
24 4
43.8
584, 549 ' 424,269
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
4,121
7, 584
6,756
5,478
6,882
3,567
2,607
5,788
5,050
4.967
7,285
2,083
Totalf
thous. sq. yd._
4,496
832
63
1,029
121
1,045
922
48
868
468
251
1,195
227
Airports*
. _ _ . _ - _
do. _
644
1,827
3,170
2,814
5,496
4,049
3,170
4,575
3,406
2,197
3,673
1,531
819
Roads
do
2 262
2,041
888
1.713
1,821
1.321
2,368
1,574
1.007
659
2.287
1.658
1.037
Streets and allevs
do
l.59n
r
Revised.
» Preliminary. §Data for May, August, and October 1940 and January 1941 are for 5 weeks; other months, 4 weeks.
*New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18 of the May 1940 Survey. Earlier data for concrete pavement contract awards for
airports will appear in a subsequent issue.
fRevised series. Indicated series on "Purchasing power of the dollar" revised beginning January 1935; see table 4, p. 18 of the January 1941 Survey. Total concrete
pavement awards revised to include contracts for airports; earlier data will appear in a subsequent issue. Revised data on dwelling units beginning January 1939 are shown
in table 18, p. 17 of this issue.
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
23
1940
March
April
May
June
July
1941
August
September
Decem- January FebruOctober November
ber
ary
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION— Continued
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
3,322
Mileage
no. of miles
Federal funds
thous. of doL _ 39, 100
Under construction:
7,773
Mileage
no. of miles
121, 029
Federal funds
thous. of dol
241,877
Estimated cost
do
Grade crossings:
Approved for construction:
11, 060
Federal funds
do
11, 632
Estimated cost
do
Under construction:
35, 292
Federal funds
do
Estimated cost
- -.do. __ 36, 768
4,782
47, 619
4,633
46, 922
4,645
50, 515
4,731
50, 724
4 034
43, 925
3,902
41, 210
3 578
37, 242
3 030
32, 356
2 892
33, 555
2,926
35, 949
3 047
36, 845
3 100
36,477
6,347
98, 452
196, 974
7,306
106, 063
211,630
8,388
115, 864
230, 819
8, 915
121 248
242, 425
9,612
126 761
253, 523
9,439
128, 737
257, 567
9,390
131 614
264, 589
8,906
127 250
256 691
8,236
121 566
244, 464
7,536
113, 922
228, 840
7,315
113 671
227, 763
7,413
115 932
232, 054
12, 133
12, 908
9,810
10, 420
10, 328
11, 394
10,119
11,094
9,652
10, 596
9,496
10, 198
9,779
10, 214
9,473
9 855
9,081
9,307
10, 123
10, 781
10, 573
11, C65
10, 331
10, 719
31, 787
33, 272
34, 526
35, 819
30, 458
37, 751
37, 013
38, 239
37, 682
39, 010
38, 323
39, 674
35 975
37, 543
35 831
37, 226
34 813
36, 352
32, 483
34,001
32, 072
33, 59?
33, 226
34, 715
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100 .
American Appraisal Co.:t
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.t 1926-29=100..
New York
do
San Francisco
do
St. Louis
do
Commerical and factory buildings:
Brick and concrete:
Atlanta
. -- ..do
New York
do
San Francisco
- do _
St Louis
do
Brick and steel:
Atlanta
do
New York
- - do .
San Francisco
do
St. Louis
do .__
Residences:
Brick:
Atlanta
do
New York
do
San Francisco
do
St. Louis
do
Frame:
Atlanta •
do
New York
. do
San Francisco
__do___.
St Louis
do ..
Engineering News Record (all types) §
1913=100..
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index
1936=100
Materials
.
do
Labor
do
195
194
197
191
212
209
231
194
216
202
189
221
183
210
203
190
221
183
210
202
191
220
184
208
202
191
220
184
208
202
192
220
184
209
202
192
220
184
209
206
195
225
190
212
208
198
227
191
214
208
198
228
191
214
212
202
230
194
217
212
208
231
194
216
212
209
231
194
216
194
187
187
187
188
188
189
189
191
192
193
193
193
98.5
133.9
119.3
120.6
96.5
131.3
118.0
119.0
96.6
131.9
117.1
118.9
96.7
131.9
117.2
118.9
96.5
132.1
114.5
118.8
96.6
132.3
114.9
118.8
96.8
132.6
115.1
119.0
97.3
132.8
115.3
119.4
98.0
132.9
115.5
120.2
98.0
132.9
115.5
120.2
98.3
133.5
116.1
120.5
98.7
133 8
116 9
120.8
98.7
133 8
116.9
120.8
99.7
136.6
122.8
121.2
98.1
134.0
122.7
120.0
98.2
134.6
121.9
119.9
98.3
134.6
121.9
120.4
98.2
135.5
117.8
120.3
98.2
135.5
118.2
120.3
98.4
135.7
118.3
120.4
98.7
135.8
118.4
120.6
99.1
135.8
118.6
120 7
99.1
135.9
118.6
120.7
99.3
136.3
119.0
121.0
99 6
136.5
119 6
121 2
99.6
136.5
119 6
121 2
99.2
133.4
121 2
121.6
96.8
130.6
118.1
118.8
97.0
131.3
115. 2
118.7
97.1
131.3
115.3
119.1
96.9
131.1
113.1
118.9
96.8
131.2
114.0
118.9
97.1
131.7
114.3
119.2
97.8
131.9
114.6
119.7
98.7
132.2
114 8
120.5
98.7
132.3
114.8
120.5
99.0
132.9
115 5
120.9
99.4
133.2
117 2
121 1
99.4
133.2
117 2
121. 1
96.3
131.3
114 3
116.2
88.5
124.8
105.8
110.9
89.4
125.9
105.8
110.4
89.5
125.9
106.2
110.8
88.8
125.4
104.3
110.1
88.5
124.4
104.4
110.1
89.6
126.1
105.8
111.2
92.3
127.2
107.0
113.3
96.2
127.8
107.8
117.6
96.2
128.2
107.9
117.6
96.7
130.2
109 9
118.4
97 7
130.7
112 5
118 6
97 7
130.7
112 5
118 6
95 2
131.0
110.5
114.7
85.7
123.9
100.2
107.9
86.8
124.4
100.2
107.2
87.0
124.4
100.5
107.8
86.1
123.6
98.6
106.9
85.7
122.3
98.8
106.9
87.2
124.5
100.8
108.3
90.6
125.9
102.2
111.0
95.6
126.7
103.1
116.6
95.6
127.2
103.3
116.6
96 2
129 7
105.8
117 5
97 5
130 3
109 1
117 7
97 5
130 3
109 1
117 7
252. 4
238.3
238.9
241.6
242.2
242.2
244.1
245.0
247.2
249.1
249.7
250.5
250.7
114 9
111.3
122 2
106.4
104.5
110.3
106 2
104.3
110 0
106 2
104.4
109 9
106.2
104.4
109.7
106.0
104.3
109.5
106.2
104.4
109.7
107.0
105.0
111.0
108.7
106.5
113.3
110.6
107.8
116.3
112 5
109.1
119 2
113 6
109 9
121 3
114 6
111 0
121 9
88,074
89, 379
84,689
92, 083
66,754
56, 878
54,728
52, 116
193
REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance
thous. of dol. . 75,516 63,602 76, 874
79, 930 84,357
Premium-paying mortgages (cumulative)
thous. of dol. .°,908,104 2,132,701 2,180,413 2,233,991 2,288,348
Estimated new mortgage loans by all savings
and loan associations, total... thous. of dol__ 105, 162 90,368 108,001 114,542 106, 984
Classified according to purpose:
Mortgage loans on homes:
26, 711 33, 764
Construction
_ _
..do
35, 523
36, 956
33, 250
32, 168
Home purchase
do
37 821 42 049
38, 402
41, 784
16, 769
Refinancing
do
20 859
17 147
18 034
16 903
4,657
5,691
Repairs and re conditioning
do
4,765
6,097
6,896
10, 063
Loans for all other purposes.
do. ..
10, 221
9,460
10, 607
8,460
Classified according to type of association:
38, 241 46, 577
Federal
thous. of dol _ 45. 365
47, 435
49, 287
36,484
42, 214
State members
.do
43,015
43, 947
45, 803
15, 643
17, 335
19, 452
Nonmembers
do
18, 409
15, 850
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of dol. . 1,600,482 1,317,975 1,348,072 1,376,700 1,405,100
Fed. Home Loan Bks., outstanding advances
to member institutions
thous. of dol. _ 145,959 137,642 133, 811 137,509 157, 397
Home Owners' Loan Corporation, balance of
loans outstanding
._ thous. of dol 1,913,862 2,021,951 2,020,572 2,017,395 2,012,760
Foreclosures:
112
116
Nonf arm real estate
_
1926=100
113
126
100
104
108
119
108
92
Metropolitan communities.. _
.. _. do__
29, 789
Fire losses
thous. of dol
26, 657
23, 447
19, 506
31, 471
2,348,663 2,411,632 2,479,964 2,559,984 2,628,851 2,706,353 2,785,138 2,846,467
114, 301 117,622 111, 775 114,400 94, 567 88, 553
80,440 82, 330
39, 907
40, 658
17,649
6,115
9,972
42, 488
40, 567
17, 762
6,079
10, 726
39, 417
40, 947
15, 483
6,283
9,645
41,610
40, 771
16, 840
5,756
9,423
32, 584
33, 875
14, 441
4,869
8,798
30, 032
31 465
14 575
4 248
8,233
26, 662
27 809
13 645
3 784
8,540
26
30
14
3
7
48, 676
45, 414
20, 211
50, 305
46, 807
20,510
46, 480
45,988
19, 307
48, 307
46, 224
19, 869
38, 896
40, 143
15, 528
37, 715
36,729
14 109
34, 360
33, 947
12 133
35 645
35, 301
11 384
483
283
204
573
787
1,432,100 1,461,867 1,487,974 1,515,392 1,533,246 1,546,270 1,564,168 1,578,543
162, 222
168, 402
176, 047
181, 526
185, 547
201, 492
170, 849
156, 899
2,004,737 1,996,443 1,987,611 1,980,704 1,968,816 1,956,268 1,942,427 1,929 346
111
108
20, 323
108
105
20, 722
111
106
21, 198
111
106
22, 091
103
94
23,449
99
94
28 617
96
90
26, 470
87
83
26 102
§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 Engineer
ing News Record index is similarly shown in the 1940 Supplement as of the end of the preceding month.
fRevised series. Revised indexes beginning 1913 are available in table 44, p. 13 of the November 1940 Survey.
SURVEY OF CURRENT BUSINESS
24
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may he found in the
1940 Supplement to the Survey
1941
1940
1941
March
May 1941
March
April
May
June
July
August
Novem- DecemSepber
ber
tember October
January
February
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:
C ombined index . .
Farm papers
1928-32 = 100. .
do
Newspapers
do____
87.7
61.3
83 7
80.0
104 5
84.7
66.4
83.0
78.1
87.2
290.8
89.3
69.1
85.1
83.2
86.2
325.2
84.6
• 62.5
85.8
76.9
82.0
358.4
84.1
58.5
88.4
74.6
86.4
416.5
87.4
63.0
79.9
80.4
89.4
416.3
86.4
58.3
80.9
79.4
87.7
396.8
85.4
66.1
83.0
78.8
78.8
355.9
84.9
66.7
85.3
79.7
62.5
340.1
92.1
73.9
80.7
87.6
84.4
82.9
63.4
72.6
77.7
79.8
86.8
59.4
80.9
80.5
89.3
7,728
722
33
0
74
2,389
80
912
0
1,190
2,126
201
7,928
728
56
0
92
2,383
90
963
0
1,283
2,109
224
7,086
680
54
0
81
2,039
85
846
0
1,157
1,926
218
7,137
498
35
0
94
2,095
87
977
0
1,193
2,002
158
6,842
489
33
0
90
1,889
79
907
0
1,224
1,897
235
7,273
506
55
0
87
2,018
91
874
0
1,169
2,088
385
9,832
742
50
0
92
2,530
103
1,011
2
1,302
2,609
1,390
9,016
724
74
0
91
2,480
93
949
16
1,281
2,365
943
9,307
857
63
0
97
2,664
105
1,001
17
1,376
2,626
503
9,130
786
60
8,149
705
60
1
95
2,311
47
915
0
1,263
2,356
396
17, 312
2,986
1,024
747
481
2,285
1,130
468
192
663
2,576
4,759
2,725
16, 454
2,744
925
842
441
2,213
1,134
514
235
702
2,325
4,378
2,430
15, 648
2,415
807
657
504
2,391
826
546
150
863
2,420
4,069
2,014
10, 797
1,439
231
261
343
2,138
304
413
80
762
1,969
2,857
1,706
10, 005
1,215
487
149
283
2,004
235
382
188
698
1,709
2,656
1,888
13, 635
1,611
1,061
281
378
2,140
825
429
305
790
2,147
3,668
2,410
16, 626
2,742
1,216
525
452
2,440
1,177
441
219
776
2,433
4,307
2,432
15, 861
2,427
878
531
432
2,582
945
471
248
874
2,295
4,180
2,460
13, 589
1,270
745
646
336
2,003
684
240
345
682
2,081
4,558
1,691
111,989
23, 083
88, 906
7,007
1,838
17, 824
62, 237
119,883
23, 936
95, 948
7,812
1,477
19, 427
67, 231
103, 290
23, 216
80, 074
5,639
1,485
17, 069
55,880
84, 440
21, 194
63, 246
3,628
1,827
13, 043
44, 748
92, 041
21, 964
70, 077
3,619
1,196
12, 046
53, 216
106, 701
22, 328
84, 373
5,035
1,322
14, 546
63, 469
118, 784
22, 786
95, 997
6,471
1,606
18,511
69, 409
113, 191
21,071
92, 119
4,973
1,359
16, 796
68, 992
122, 786
21, 918
100, 868
4,124
1,742
13, 549
81, 452
93, 171
21, 353
71, 818
3,663
2,295
12, 544
53, 315
93, 963
20, 690
73, 272
5,250
1,432
14, 806
51, 784
73.0
72.1
72.2
71.7
71.0
72 5
72.1
72.6
73.9
75.1
75.8
77.2
1,998
2,250
2,087
1,619
1,710
1,627
1,537
1,632
1,479
1,792
2,084
1,712
1 682
1 628
1 683
1 597
1 634
1 719
1 673
1 866
1 668
85.3
59.0
81.8
79.9
83.6
289.4
Radio §
do
Radio advertising:
8,208
Cost of facilities total
thous of dol
670
Automobiles and accessories
do
45
Clothing
do
0
Electric household equipment
do
62
Financial
do
2,737
Foods food beverages, confections _ _ d o
89
House furnishings, etc
do
931
Soap cleansers, etc
do
0
Office furnishings and supplies
do
1,190
Smoking materials
do
2,210
Toilet goods, medical supplies
do
274
All other
do
Magazine advertising:
16, 261
17, 917
Cost total
do
2,483
2,542
Automobiles and accessories
do
1,095
Clothing
do .. 1,211
585
695
Electric household equipment
do
458
551
Financial
do
2,477
2,763
Foods, food beverages, confections
do
730
845
House furnishings, etc
do
497
568
Soap, cleansers, etc . .
do
263
304
Office furnishings and supplies
_do _.
824
976
Smoking materials
do
2,723
2,472
Toilet goods, medical supplies
do
4,124
4,990
All other
do
2,779
2,920
Linage, total _ _ _ _ _ _ _
thous. o f lines
Newspaper advertising:
114, 377 114,255
Linage , total (52 cities) _
do
22, 945
24, 712
Classified
do
91, 309
89, 665
Display, total _
do
5,620
5,907
Automotive
do
1,799
1,841
Financial
_.
do
17,645
17,
228
General
do
66,246
64, 689
Retail—
_._
do
(a)
110
2,584
69
1,052
17
1,416
2,641
396
' 8, 713 ' 12, 524
1,056
1,584
305
592
94
245
321
380
1,615
2,198
265
"•434
190
435
137
219
672
••702
1,177 r 2,135
2,882
3, 599
1,888
2,319
GOODS IN WAREHOUSES
Space occupied in public-merchandise warehouses
percent of total
NEW INCORPORATIONS
Business incorporations (4 States)
number.
1,872
POSTAL BUSINESS
Money orders:
Domestic, issued (50 cities) :
Number
thousands
Value
_thous. of dol_
Domestic, paid (50 cities) :
Number
thousands
Value
thous. of dolForeign, issued— value
do
Receipts, postal:
50 selected cities
..
do
50 industrial cities
do
5 553
53, 309
4,664
42, 937
4,503
41, 548
4,309
40,028
4,151
38, 218
4,226
40, 144
4 134
39, 472
3,901
39,041
4,527
42, 719
4 373
41,646
4,914
45, 154
4,879
44, 982
4,496
43,005
16, 096
128, 510
14, 373
106, 197
1,775
13, 624
100,793
1,450
13,928
103, 120
1,430
13, 138
97, 435
1,362
13, 106
100, 955
1,519
13, 106
102, 390
1,494
12, 469
99, 068
1,248
15, 096
119, 500
1,478
14, 177
111,864
1,843
15,876
123, 430
1,719
14, 541
111, 638
1,328
13, 530
104, 754
1,195
34, 036
4,159
' 32, 667
3,993
31, 615
3,923
32, 265
3,786
28, 668
3,451
27, 626
3,565
28, 974
3,568
30, 325
3,572
35, 233
4, 194
33, 201
3,686
45, 390
5,539
32, 316
4,001
30, 536
3,777
RETAIL TRADE
Automobiles, value of new passenger-car sales:
133.9
131.1
136.2
143.5
67.7
129.6
145.1
140.1
147.9
118. 3
70 9
Unadjusted
_
1929-31 — 100
112.5
104.1
122.7
121.6
154.3
112.5
Adjusted
do
118 7
119.5
133 4
128 6
120 2
Chain-store sales, indexes:
Chain-Store Age, combined index (20 chains)
115.0
117.0
128.0
119.0
124.0
130.0
126.0
115.0
121.0
119.0
120.0
124.0
av. same month 1929-31 = 100.
122.8
128.0
123.0
120.0
149.0
Apparel chains
do
133.0
133.0
144 0
122.0
137.0
132.0
134 0
132.0
136.0
Drug chain-store sales:*
102.2
98.7
96.6
98.5
140.3
98.6
104.7
104.1 r 100. 4
P 109 2
99.4
102 2
105.2
Unadjusted
1935-39=100
r
102.7
102.1
Adjusted
_____
do
104.8
103.8
108.7
99.9
102.7
103.2
107. 4
v 109. 7
107.6
103.8
105.3
Grocery chain-store sales:
112.0
114.0
118.4
113.2
112.8
110.2
120.8
112.4
' 123. 4
Unadjusted..
1929-31 = 100 v 127. 4
109.9
115.3
110 0
110.9
Adjusted
do
P 126 1
112.3
111.1
112 4
117.2
122.1 •• 122. 8
111 8
109.9
112.2
115 3
114 6
Variety-store sales, combined sales, 7 chains: 1
r
99.3
P 100 4
101.7
99.5
92.1
225.2
112 9
103 9
80.5
92. 1
97 6
108 0
Unadjusted
1935-39—100
95 8
105.4
105.2
104.4
Adjusted
do
103.2
p 119 9
110.3 ' 109. 9 •• 116. 2
108 1
106.5
109 2
109 7
109 7
Chain-store sales and stores operated:
Variety chains:
H. L. Green Co., Inc.:f
3,846
3,784
3,751
3 546
3,279
3,334
3 657
3 536
7 972
Sales
thous. of dol
3 992
4 395
2,890
2,996
151
151
151
Stores operated
number
149
151
149
150
149
151
150
150
151
150
S. S. Kresge Co.:
12, 206
11,815
11,643
Sales
_
.
thous. of dol
12 626
24,683
9,409
11, 507
10, 498
11 757
10 870
13*290
10, 150
10, 458
675
675
Stores operated
number
676
675
684
675
677
684
681
682
678
675
678
S. H. Kress & Co.:
6,897
6,310
6,838
6,514
7 659
5,921
Sales
- thous. of dol
7 156
6,401
7 514
15 732
6,691
6 839
6 222
239
239
239
242
239
Stores operated
.. _
. number
239
241
242
242
239
239
242
242
McCrory Stores Corp.:
3 611
3 888
3 246
Sales
thous of dol
3 691
3,507
3 626
3 377
3 334
3 768
4 058
8 028
2 926
3 224
202
203
203
203
203
Stores operated
....number.
199
202
202
202
202
204
199
199
' Revised. * Preliminary. « Less than $500. § Index discontinued December 1940; data for radio advertising are included, however, in computing combined index.
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 Surveys.
*New series. For data beginning July 1934, see table 1, p. 11 of the November 1940 Survey.
SURVEY OF CUKKENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
25
1941
1940
March
April
May
June
July
August
Novem- Decem- January FebruSepber
tember October
ber
ary
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Chain store sales and stores operated— Con.
Variety chains— Con.
G. C. Murphy Co.:
Sales
thous. of dol
4 021
3 585
4 398
4 069
4 300
Stores operated
number
204
202
202
203
203
F. W. Woolworth Co.:
Sales
thous. of doL. 26, 436
23,774
26, 067
27, 545
26, 020
Stores operated...
number
2,014
2,020
2, 015
2,016
2 016
Other chains:
W. T. Grant Co.:
Sales
.
thous, of dol
8,439
7,620
8 787
8 101
8 911
Stores operated . number
492
492
492
492
492
J. C. Penney Co.:
Sales.. ...
._ _ . thous. of dol
22, 772 *• 21,471 21, 181 23 599 24 737
Stores operated. _
_
.number
1,589
1,562
1 562
1,668
1,560
Department stores:
Collections, ratio to accounts receivable:
Instalment accounts - _
percent
17.8
17 9
17.3
16.5
Open accounts
do .
45.4
46,6
45.9
46.8
Sales, total U. S., unadjusted- .1923-25 =100..
94
86
86
87
89
Atlantaf
.
1935-39=100..
125
123
114
98
104
Boston
.,
1923-25=100
76
74
69
71
75
r 91
Chicago
do
99
91
92
93
Cleveland
do
95
90
93
86
94
Dallas-, _ ...
_
do
112
99
110
90
105
Kansas City
1925—100
95
85
86
76
87
Minneapolis!
1935-39=100
108
102
109
106
109
New York
1923-25=100.
84
83
89
85
"81
Philadelphia
.
do
74
65
69
74
73
127
Richmond
.
do
105
112
110
120
St. Louis
. .
.
do
97
90
82
91
88
San Francisco
do
99
90
95
88
95
Sales, total U. S., adjusted t
do
103
89
91
89
89
125
Atlantat
1935-39-100
120
111
115
115
Chicago
1923-25=100..
106
92
92
94
'93
Cleveland
..
_ do
108
88
91
95
87
Dallas . .
do
118
112
102
103
105
109
110
Minneapolis!
.. .
1935-39-100
107
99
110
New York
....
1923-25=100.
98
90
88
92
'88
Philadelphia
do
82
69
71
75
74
St. Louis
do
107
92
92
88
89
San Francisco _
__
do
111
102
96
99
97
Instalment sales, New England dept. stores
percent of total sales..
11.7
9.5
9.6
7.5
10.1
Stocks, total U. S., end of month:
75
Unadjusted —
1923-25-100
70
71
64
71
Adjusted
do
74
69
70
68
67
Mail-order and store sales:
Total sales, 2 companies
thous. of dol. _ 110,866
89, 741 102, 228 111, 883 106, 417
Montgomery Ward & Co
do
44, 485
45, 856
46, 905 43, 104
38, 842
Sears, Roebuck & Co.
do
66, 381
66,978 63, 313
66,372
50, 899
Rural sales of general merchandise:
Total U. S., unadjusted
1929-31=100..
130.7
115.3
125,5
122.8
119.9
East
do
138-5
115.2
133,1
120 0
126 3
South.
do
160.5
134,4
132 6
135 8
151,6
Middle West
.. . . do
116.4
117.7
105.1
114.0
110.9
Far West
_
do
138.4
127.0
138.4
146.7
120 2
Total U. S., adjusted....
do
148.9
125.4
133.8
137.7
136.6
East ...
__•_
do
154.2
120.8
145.0
133 6
137.3
South
_.
do .
177.8
152.5
160.1
164.9
167.9
Middle West
do
112.5
132.8
120 4
123.3
125 1
Far West..
_ _.
do
168.1
142.2
153.9
153.9
146.0
3 966
202
4 370
202
3 923
202
4 612
202
4 884
202
9,042
204
3 479
204
3 531
204
24, 507
2,013
26, 828
2,014
25, 197
2,021
28,634
2,024
29, 688
2,023
54, 571
2,025
22, 008
2,021
23, 666
2,023
7 698
492
8 750
493
8 276
493
10, 172
494
10, 569
494
20.030
494
6,655
494
6 771
492
20 882
1,568
24, 492
1,675
24, 791
1,578
29, 584
1,582
33, 765
1,586
45, 716
1,586
20,284
1,586
18, 345
1,587
16.4
45.4
64
81
51
65
67
76
66
80
67
50
83
66
83
92
118
92
92
108
113
94
73
95
101
16.9
44.1
77
107
62
86
84
94
86
110
76
60
104
78
98
98
123
107
101
122
125
101
80
104
104
16.7
42.4
105
132
80
104
107
127
91
115
108
79
128
106
103
97
122
100
102
115
101
104
79
99
100
17.7
47.1
101
125
91
101
97
111
95
127
108
87
149
101
103
94
112
92
94
99
106
95
75
89
99
18.1
48.7
]14
141
92
113
116
131
99
118
120
100
148
112
116
100
129
103
108
117
117
101
82
96
110
17.5
44.9
179
223
145
173
178
201
158
173
184
148
239
167
188
101
129
103
104
116
111
102
81
101
109
79
93
69
81
75
96
75
92
78
55
99
80
90
101
122
101
100
126
115
99
77
100
109
82
110
'63
r
79
84
10.0
15.1
11.2
11.8
10.5
7.0
11.7
12.7
61
68
66
69
73
70
79
71
83
72
66
71
64
71
73
88,565
37, 213
51, 352
101,512
42,692
58,820
111,622
45,972
65,650
133, 857
66,937
76,920
127, 938
54,613
73,324
166, 723
70, 850
96, 873
83, 466
33, 495
49, 971
83, 832
33, 841
49, 992
96.4
95.7
102.6
88.1
121.9
132.1
134.4
151.1
119.4
148.6
119.4
120.4
121.2
110.2
150.5
146.0
151.1
168.1
133.6
163.4
158.4
167.1
207.9
138.3
165.9
122.0
129.8
140.3
108.9
138.2
179.4
176.0
233.9
164.5
186.5
137.9
136.6
170.3
125.5
153.8
233.7
256.2
268.3
210.6
245.2
146.1
153.9
178. 7
135. 0
150.2
110.9
112. 3
139. 0
102. 3
110. 5
145.7
147.7
175.7
133.7
150.3
122. 0
128.0
161.8
110.3
111.1
150.8
156.5
177.4
138.7
150.1
1351 1
136.7
163.8
117.7
163.5
127.8
139.0
148.4
114.9
139.7
•
r
100
76
79
79
63
94
81
90
103
127
'99
107
118
111
97
82
94
108
70
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment estimates (U. S. Dept. of Labor):
Civil nonagricultural employment, total*
thousands.. 37, 218 r 34, 852 '34,882 ' 35, 163 ' 35, 425 ' 35, 464 '35.902 ' 36, 528 ' 36, 867 ' 36, 986 ' 37, 608 ' 36, 621 r 36, 928
Employees in nonagricultural establishments, total
_ thousands
31, 075 r 28 709 ' 28 739 ' 29 020 ' 29 282 ' 29, 311 ' 29, 759 ' 30, 385 ' 30, 724 ' 30, 843 ' 31, 465 ' 30, 478 ' 30, 785
Manufacturing
do
11, 147 ' 9, 926 ' 9, 832 * 9, 776 ' 9, 824 ' 9, 832 ' 10, 163 ' 10, 479 ' 10, 668 ' 10, 735 ' 10, 856 ' 10, 797 ' 10, 982
'854
852
855
853
856
Mining
__
do .
846
839
862
837
835
845
838
849
1,709 ' 1, 720 1,623 ' 1, 678
1,654
1,511
Construction...
do
1,321
1,443
1,378
1,650
1,118
1,249
991
3,012
'
3,
028
3,039
3,065
3,121
3,081
3,120
Transportatio'n and public utilities. do. ._
3,054
3,032
3,059
2,956
3,000
2,940
6, 165 ' 6, 173
6,884
6,362
6,433
6,321
Trade
do
6 168
6 242
6 197
6 254
6 159
6 122
6 201
r
4,
164
4,142
4,180
4,167
4,187
4,255
Financial, service, and misc
do
4,226
4,184
4,218
4,202
4,214
4,100
4,160
3,887 ' 3, 906
3,881
3,931
3,876
Government . .
do
3,853
3,839
3,828
3 936
3 716
3 702
3 799
3 751
1,145
958
884
822
733
Military and naval forces* .
do
634
549
516
1,343
474
457
461
464
Manufacturing, unadjusted (U. S. Department
'117.8
'
115.
4
116.2
113.8
114.7
107.4
111.4
of Labor)f.
1923-25=100-.
103.2
103.2
103.1
119.9
102.5
104.4
118.3
' 121. 0
115.5
117.6
112.8
108. 2
98.4
102.4
Durable goodsf
do
99 8
123 5
98 7
99 2
99 1
Iron and steel and their products, not in119.3 ' 121.6 ' 122. 2 ' 125. 0
117.1
113.6
110.7
cluding machinery
1923-25=100-.
106.2
103.7
127.1
101.7
101.9
103.5
Blast furnaces, steel works, and rolling
131.3 ' 133. 3
125.2
129.5
127.3
123.2
122.1
mills.
1923-25=100..
119.0
134.8
108.4
109.1
114.3
111. 5
112.8 ' 114. 9
112.5
109.0
105.3
101.2
95.8
Hardware
do
82.9
81.6
116 9
98 8
98 1
95 9
Structural and ornamental metal work
'93.5
'95.9
90.4
85.6
86.5
83.4
79.9
76.0
97.4
1923-25=100..
70.0
73.5
70.3
71.1
98.9 ' 101. 9 ' 104. 1
100.2
101.4
105.2
105.9
108.1
Tin cans and other tinware.
do
107.1
94.8
95.6
102.8
93.7
'72.0
71.3
74.4
73.7
74.4
73.4
71.3
68.2
Lumber and allied products
. do
72.4
68.3
66.9
68.0
66.8
'95.8
93.7
97.4
96.8
97.0
94.6
Furniture
do
91.0
88.1
87.7
86.4
96 6
88 7
87 3
'62.9
62.5
64.7
66.6
66.1
66.3
64.9
Lumber, sawmills
do
61.5
61.9
63.3
60.3
61.9
59.5
'Revised.
tRevised series. Indexes of department-store sales in Atlanta and Minneapolis districts revised beginning 1919, for Atlanta, see table 53, p. 16 of the December 1940 Survey;
for Minneapolis, table 20, p. 18 of this issue. For revisions in adjusted index of United States department-store sales for 1935-39, see note marked with a r on p. 25 of the
January 1941 Survey. For revised indexes of employment, beginning in 1937 for all industries and nondurable goods and January 1938 for durable goods, see table 12, p. IM
of the March 1941 Survey.
. ,
. A ... .
*New series. For data beginning 1929, see table 11, pp. 17 and 18 of the March 1941 Survey, except for total employment, total employees in nonagricultural establishments, and manufacturing beginning 1937, which were revised to include preliminary adjustment of factory wage-earner estimate to 1939 Census data. Revisions not shown
above will appear in an early issue.
311473—41
4
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
1941
194O
March
April
May
June
July
August
May 1941
SepNovem- Decemtember October
ber
ber
Janu*
ary
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Mfg., unadj. (U. S. Dept. of Labor)— Con.
Durable goods— Continued.
113.6
113.9
115.1
113.1
123.1
Machinery, excl. transo. equip. 1923-25 =100. . 147.4
116.1
127.3
119.2
131.2 ' 136. 1 ' 139. 8 '143.5
Agricultural implements (including tractors)
19?3-25 = 100__
143.6
139.6
141.4
134.9
127.6
137.3
130.6
131.2
133.6
136.6
143.2
149.6 ' 144.2
Electrical machinery, apparatus, and
101.7
101.9
101.5
103.3
111.2
supplies
- 1923-25 = 100. . 141.3
103.8
106.6
116.1
120.6 ' 125 8 r 129 4 ' 136. 4
Engines, turbines, water wheels, and
140. 2
148.9
134.5
158.1
190.4
windmills
1923-25=100
244.9
167.5
182.2
174.8
201.0
211 8
223 2 ' 235 8
Foundry and machine-shop products
97.2
97.2
96.5
1923-25=10096.9
98.0
103,4
106.7
110.1
123.7
100.5
114.1
117.4 ' 120. 0
211.0
216.3
221.1
229.1
257.9
265.9
248.0
310 1
234.8
Machine tools*
do
237 5
276 0
286 2 ' 299 9
121.7
128.3
136.5
141.0
Radios and phonographs
do _.
148.2
143.4
159.5
157.1
163.6
159.4 ' 158. 5 r 147 5 ' 144 4
107.1
105.3
105.6
119.8
Metals, nonferrous, and products
do
136.5
106.6
107.0
126.1
129.9
113.8
131.2 ' 131. 1 ' 134. 7
128.7
125.5
125.8
127.1
146.6
154.9
Brass, bronze, and copper products. do
180.4
129.6
162.4
138.2
168.1
176.0
171.5
77.7
82.0
80.5
87.5
88.6
Stone, clay, and glass products.
do
89.8
82.9
82.4
r 85 9
84.5
85.8
88.7
'87 0
54.4
58.0
60.9
63.1
64.7
Brick, tile, and terracotta
do
65.0
65.3
64.1
64.8
64.4
65.2
' 64. 1
64.8
106.2
104.4
105.3
104.9
Glass
..
..
_ do ... 120.2
109.3
117.0
103.3
113.2
106.9
116 8
114 3
118.5
116.9
116.7
161.2
114.3
126.9
146.0
Transportation equipment!
do
99 7
139.5
105 1
149 2
152 6 r 157 0
Aircraft*
_.
do
5, 560. 4 2, 379. 4 2, 474. 3 2,676.4 2, 913. 5 3, 146. 6 3 478 6 3, 764. 3 4, 115. 9 4, 402. 3 4 684 1 '5 Q37 7 r 5 345 0
114.4
112.0
109.8
104.9
112. 1
131.4
82 3
125 1
129.5
Automobiles
do
85 4
129 3 ' 128 3 r 129 9
150. 7
152.8
162.8
204. 2
Shipbuilding*
do _.
272.8
158. 2
170.2
188.1
197.4
181. 1
221 0 r 240 0 '256 3
109.5
107.5
105.6
116.4
106.2
Nondurable goods!
do
114.4
114 8
113 9 r 114 8
107 8
112 2
114 7
112 7
Chemical, petroleum, and coal products
122.8
123.4
120.8
1923-25=100
119.0
123. 0
125.3
125.6
130.7
118. 5
119.4
125.8 '126.0 ' 127. 8
135. 6
135.2
136.2
138.3
145.6
Chemicals -..
__do
159.4
140.4
143. 4
148.0
141 6
149 9
152 0 r 155 1
123.5
124.4
125.9
126.4
Paints and varnishes
do
126.1
125.1
125.9
133.0
124.6
123.5
126.0
126.3 ' 128. 6
121.3
119 o
Petroleum refining _ . _
do .._
121.8
123.2
121. 1
122.6
120.7
119.8
122.9
122 7
121.2
119 8
119 1
309.0
305.8
304.3
Rayon and allied products
do
306.0
311.7
314.5
306.9
312.0
307.7
311.1
315.1
313.5 ' 311. 0
121.7
118.8
119.7
Food and kindred products
do
147.4
141.3
132.5
r
H8 9
120.5
129.7
135 4
145 8
130 5
121 2
144 i
143. 1
142. 5
144.8
Baking
do
147 0
146 6
145 5
147 1
145 9
144 8
146 6
140 5 ' 142 8
107.4
103. 6
105.7
108.2
Slaughtering and meat packing
do
109.6
116.2
108. 0,
111.7
111.1
106. 8
125.0
116.3 ' 110. 6
98.2
94.2
Leather and its manufactures
do-_-8G.8
86.8
90.8
90.0
87.0
98.8
91.6
92.0
90 6
96 9
93 4
97.7
93.1
Boots and shoes
do
84.6
89.7
84. 1
84.8
97 1
88 4
90 7
91 1
88 0
r 95 o
91 4
114.4
Paper and printing
do ___
113.8
114.5
116.2
115.0
118. 5 ' 119. 5 r H6 7 r H7 2
118.2
114.7
117.6
115 2
112.0
Paper and pulp
_
do
112.6
115.2
116.2
116.7
115 1
115 7
118 5
117 1
116 9
115 9
115 7 r H7 3
87.2
84.7
83.8
83.4
94.4
Rubber products .
do ..
89.4
92,6
103.0
83.5
85 9
97 5
98 8
100 8
72.3
68 5
Rubber tires and inner tubes
do
69.7
69.0
72
6
75
2
80 4
73
9
69 3
70 5
76 9
78 8
77 9
102.9
98.8
96.0
Textiles and their products!
do
102.6
105.5
93.7
111.6
94 5
104 5
99 7
107 0
106 4
88.3
90.7
87.0
Fabrics!
do
102 7
85 7
92 8
98 7
96 1
88 0
90 4
100 4
99 7 r 101 7
126.6
JI2. 2
118.6
Wearing apparel
do _
107.9
120.7
116.2
127.0
118 9
104 9
116 7
117 2
116 8 r 124 2
63.6
63.8
62.2
Tobacco manufactures
do
65.8
63.2
64.9
66.5
66.8
62.4
64.4
65.6
'63.7
60.8
Manufacturing, adjusted (Fed. Reserve)!
do
104.0
102.8
102.8
103.9
108.9
111.4
114.2
119.3
107.4
105.1
116.6
118.3 ' 118. 5
m i r 122 1
Durable goods!
do
98 6
97 7
122 8
97 9
99 0
111 2
114 6
107 4
100 4
104 3
117 5
Iron and steel and their products, not including machinery
1923-25= 100. _ 126.2
102.7
100.8
101.2
103.7
112.9
118.9
107.3
116.1
111.1
122.4
124.6 ' 125. 5
Blast furnaces, steel works, and rolling
r 133
mills
1923-25=100
110
107
109
115
133
123
127
125
120
123
130
133
95
Hardware
do
98
102
97
82
116
109
84
105
98
113
114
Structural and ornamental metal work
72
1923-25=100.71
71
84
86
100
73
75
78
81
91
96
100
Tin cans and other tinware
do
99
98
97
103
113
100
96
100
99
98
104
'112
107
Lumber and allied products
do
67.2
68.1
67 9
67.4
70.6
73.6
73.7
67.5
71.3
69.0
75.2
' 75. 5
76.3
Furniture
._ . _ _ __
do ._
90
90
90
98
90
93
89
91
909
91
96
98
97
Lumber, sawmills
do
61
60
61
65
60
66
64
60
64
6
67
68
67
Machinery, excl. transp. equip.- __ do
113. 3
113.4
113.4
147.8
114 9
130 9 r 135 9
116 6
120 0 ' 122 5 126 6
141 3 r 144 2
Agricultural implements (including tractors)
. _ .. .. 1923-25=100
136
133
121
136
136
140
133
141
143
139
143
140
147
Electrical machinery, apparatus, and sup102
102
plies
1923-25=100
141
101
120
103
116
104
107
111
126
' 137
131
Engines, turbines, water wheels, and
r 219
132
windmills
,1923-25=100
240
134
142
152
' 212
181
r 238
165
195
175
237
Foundry and machine-shop products
1923-25 =100. .
97
124
97
96
97
110
98
103
107
101
114
118
'120
Machine tools*..
_ _
do
209
307
215
220
228
257
265
237
247
247
275
r 298
286
Radios and phonographs
do
176
145
153
155
144
134
142
145
138
145
149
'164
155
Metals, nonferrous, and products
do
135.7
106.6
105.9
106.0
108.2
126.3
110.7
122.3
115.7
118.6
129.4
'
135.
1
133.4
Brass, bronze, and copper products. do
127
179
125
124
162
128
132
147
153
140
168
173
176
Stone, clay, and glass products
do
80.0
92.3
79.8
78.9
88.4
79.8
81.3
83.0
84.7
'90.4
81.8
94.5
'93.0
Brick, tile, and terra cotta
do
59
59
71
58
58
60
61
65
61
60
'68
75
'74
Glass
do
118
105
104
103
117
103
112
105
109
107
117
120
Transportation equipment!
__do
154.1
112.5
111.2
143.7 ' 144. 9
111.8
140.2
111.6
110.7
130.2
120.9
150.4 ' 152. 7
C AQO
Aircraft*
do
2 356
5 505
2 426
2 598
2 829
4 243 r 4 447
3 115
3 881
3 479
' 5 399
Automobiles
_. do
r 123
123
107
106
105
102
97
125
' 126
107
123
123
Shipbuilding*
do
r 9R9
148
269
148
154
944
164
195
175
187
204
186
220
Nondurable goods!
_
do
109.2
116 0
107 6
107 4 '108 5
113 8
109 6
111 5
110 2
110 3
115 6
Chemical, petroleum, and coal products
1923-25=100.,
128.2
120.0
121.1
122.0
122.4
121.7
121.7
122.9 ' 124. 1 ' 125. 3
122.2
127.4
126.6
1 eA
Chemicals
do
137
1 ^7
161
136
137
138
138
141
147
143
141
Paints and varnishes.
do
134
124
123
121
122
124
127
126
125
127
128
130
130
Petroleum refining
do
121
123
122
122
123
121
122
121
120
122
120
120
120
Rayon and allied products
do
307
304
312
311
315
308
309
310
306
311
314
310
'306
Food and kindred products
do
130.3
131.5
128.8
129.1
131.9
129.0
126.9 ' 129. 9 132.4 ' 135. 6
129.8
132.9 ' 130. 7
Baking
do
145
146
144
144
145
146
144
144
146
144
146
Slaughtering and meat packing
do
114
110
107
107
109
111
114
109
110
108
121
112
111
94 3
Leather and its manufactures
do .
93.8
94.3
91 9
87 9
89 6
93 8
89 9
91 1
90 9
89 1
93 2
93 3
Boots and shoes
do
92
93
Q1
Q1
90
86
88
92
89
88
87
90
93
Paper and printing
do
118.6
114.8
114.3
115.3
115.7 ' 116. 5
116.4
115.7
116.8
116.1
117.7
117.4 * 117. 3
Paper and pulp
do
113
119
112
115
116
117
117
116
117
115
116
116
117
Rubber products
do
102.2
86.7
83.9
83.5
84.2
84.7
93.6
87.0
89.7
91.6
96.8
99.0 ' 100. 6
73
Rubber tires and inner tubes
do .
72
80
70
69
69
69
75
71
74
77
78
79
Textiles and their products!
do
99.1
107.7
96.3
96.6
105.3
96.8
100.2
101.1
101. ,9
102.6
107.2
' 107. 1
107.3
no 7
QO 0
Fabrics!
do
100 4
r QQ 1
88 6
87 8
87 7
88 0
91 3
92 6
93 5
95 2
97 7
Wearing apparel
do
119.4
118.8
112.4
' 112. 5 116.1
111.6
116.1 ' 116. 5
114.8 ' 118. 0 ' 121. 9
122.1 ' 120. 6
65.9
Tobacco manufactures
_. . do
63.9
64.3
65.0
63.2
A9 8
fi3 n
fi3 7
fi3 3
fi4 7
Aft Q
r A4 Q
A3 4
' Revised.
JRevised series. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions not shown on pp. 25 and 26 of the May 1940 Survey are
available upon request. Index for transportation equipment revised beginning January 1939; see table 57, p. 17 of the December 1940 Survey. For revised indexes of employment, beginning in 1937 for all industries and nondurable goods, and January 1938 for durable goods, see table 12, p. 18 of the March 1941 Survey.
*New series. For indexes beginning 1923 for machine tools and shipbuilding, affd 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.
27
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
1940
March
April
May
June
July
August
1941
Sep-
tember
DecemOctober November
ber
Janu-
ary
Febru-
ary
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Manufacturing, unadj., by States and cities:
State:
116.4
96.9
98.5
98.9
99.3
110.2
104.9
108.7
111.4 " 112. 2
Delaware
1923-25=100
100.9
107.7
108.9
105. 3
104.4
120.1
104.0
105.4
110.0
112.2
116.2
118.4
107. 1
113.9
118.9
119. 3
Illinois!-1935-39=100..
136.2
146.7
134.6
134.9
136.5
137.6
137.3
151.1
138.9
142. 4
147.0
lowa
1923-25=100
144.8
144.4
105.2
108. 9
Maryland
1929-31 =100
105.4
106.0
106.4
110.5
122.8
111.6
116.3
117.4
113.3
115.3
"119.0
Massachusetts
1925-27=100
78.0
74.9
74.6
77.7
79.9
92.9
76.3
82.5
84.9
85.3
87.6
87.0
90.7
103.8
103.7
103.1
105.6
106.0
New Jersey
1923-25=100. . 126.5
111.3
118.0
115.4
116.6
120. 5
120.0
123. 1
91.8
89.6
88.7
89.6
88.9
93.3
97.2
101.0
103. 5
110.1
103.6
107.2
New York
1925-27=100
99.7
94.2
94.1
94.3
93.1
92.9
97.4
Ohio
1926=100
103. «
108.2
100.9
105.2
107.0
110.8
r
86.8
84.3
85.5
87.0
89.6
Pennsylvania
1923-25=100
95.2
96.4
99.7
85. 3
91.3
93.9
96.2
98 2
95.2
95.0
94.3
95.6
97.0
100.2
109.4
94.3
104.
2
105.2
107.
6
Wisconsin! - - - - 1925-27=100-.
107.3
" 107'. 0
City or industrial area:
102. 6
102.7
103.5
102.6
105.7
108.0
113.1
Baltimore
. .. .1929-31 = 100 108.8
121.0
111.7
110.3
113.5
116.4
105.2
104.4
106.7
104.6
115. 9
Chicago!
1935-39=100
116. 8
103.7
108.7
118. 7
110.9
113.2
119.3
117.6
96.2
96.9
97.7
95.3
97.0
101.3
112.4
Cleveland
1923-25= 100. . 117.4
103.7
107.8
109.4
114.1
110.0
102. 6
1'08. 8
96.0
64. 1
93.4
110.3
Detroit
do
122.5
111.6
120.2
122.0
121.5
123.0
122.1
99.1
99.4
97.5
105. 5
99.9
100.0
101.4
Milwaukee
1925-27=100 .
111.2
110. 5
113.7
120.9
115.3
119. 0
86.2
91.1
98.4
88.4
New York
do
112.8
93.7
97.1
101.6
102.5
102.5
103.0
104.8
109.9
82.0
84.7
84.5
Philadelphia
1923-25=100
83.0
87.9
91.1
100.9
83.7
95.7
97.1
93.7
"99.4
96.7
88.4
86.2
86.1
89.6
91.1
Pittsburgh
_.
do ..
104.6
93.1
94.0
96.6
98.4
100.1
101.6
" 103. 9
88.6
87.5
88.8
Wilmington
do
90.0
89. 9
89.6
107.0
90.6
93.4
95.7
99.6
102.3 " 103. 4
Nonmfg., unadj. (U. S. Dept. of Labor): •
Mining:
52.2
50.5
50.2
51.2
51.8
49.7
49.9
49.8
Anthracite
1929=100..
50.4
49.4
50.8
50.3
50.6
89.7
86.2
83.8
84.9
Bituminous coal
do
91.4
85.1
86.6
87.7
89.8
89. 2
90.1
••90.2
90.8
r
66.2
69.2
Metalliferous
... _ _
do.
71.0
71.5
67.7
70.3
72.5
72.5
74.0
72.6
72.2
72. 5
73.0
63.2
Crude petroleum producing
do
63.7
63.1
63.3
63.8
63.6
60.5
63.0
62.4
61.3
60.7
'60.5
60.0
Quarrying and nonmetallic
. _ _ . do.
41.0
44.1
44.5
46.9
47.9
48.5
47.2
48.1
48.8
48.9
45.4
42.3
"41.7
Public utilities:
92.2
89.3
91.2
90.3
90.6
92.7
Electric light and power!
do
90.4
93.0
92.3
91.8
91.3
"90.5
89.6
68.2
68.4
68.4
68.5
68.4
68.7
Street railways and busses t
do
68.3
68.5
68.3
68.7
68.4
"68.3
68.0
77.3
78.8
Telephone and telegraph!
do. ..
76.0
76.7
77.8
79.2
79.0
78.9
79.1
81.8
79.7
"80.4
80.5
Services:
112. 6
108.2
Dyeing and cleaning
do. .
99.5
108. 7
106.7
104.4
104.5
109.4
110. 0
106.0
103.3 " 101. 0
101.2
96.2
102.1
102.5
97.2
99.1
101.9
102.8
99.7
Laundries
do
102.6
100.2
100.3 " 101. 4
101.0
90.3
Year-round hotels
do
92.0
92.7
93.4
90.3
94.3
92.0
91.6
93.4
92.3
92.6
"92.9
93.7
Trade:
91.1
91.9
89.1
88.7
Retail, total t
_ _ _
..do
92.1
89.8
91.2
92.8
96.3
108.1
94.3
"90.5
90.6
96.4
96.2
90.3
99.4
95.4
92.9
95.1
111.4
90.1
103. 5
152.2
General merchandising!
_
do
"94.0
93.8
89.2
90.5
88.9
90.9
Wb olesale
do
89.3
89.6
91.7
90.1
92.5
"91.2
91.0
91.8
91.3
Miscellaneous employment data:
31.2
49.4
52.1
35.7
51.9
Construction, Ohio
1926=100
42.9
47.6
51.4
49.2
54.8
47.2
45.7
201,459 242, 692 296, 583 326, 530 343, 203 351, 601 344, 025 341, 926 289, 232 220, 769 199, 628 184, 042
Federal and State highways, total t number
60,417
Construction (Federal and State)
do
93, 726 131,970 152, 049 165, 528 172,379 172, 304 161, 252 121,545
74, 280
55, 455
47, 693
104, 309 111,438 126, 192 134, 051 136, 245 137, 703 130, 921 140, 326 128, 499 108, 229 106, 420
Maintenance (State)
do
99, 503
Federal civilian employees:
947,
427 959, 523 980. 391 " 1,0 14,432 1,025,480 1,039,451 1,058,639 1,086,171 1,111.530 1,184,521 1,151,148 1,173,663
United States
do
128, 642 129, 677 130,938 133, 856 138,471 142, 899 145, 557 149, 479 152/605 156, 017 158,587 161, 527
District of ColmribiB.
do
Railway employees (class I steam railways) :
1,004
1,006
1,055
1, 071
1,081
1,088
1,094
1,048
Total
thousands
1,032
1,065
1, 039
Indexes:
55.2
57.4
55.1
56.7
58.0
58.8
59.4
59.8
58.4
58.8
57.0
57.6
Unadjusted .
1923-25=100
60.1
57.4
56.7
59.4
56.8
57.9
58.6
58.4
58.8
55.6
56.0
60.5
58.0
Adjusted.
do._ .
59.9
LABOR CONDITIONS
Average weekly hours per worker in factories:
37.7
40.1
40.2
37.6
37.5
38.1
38.5
39.0
39.9
Natl. Ind. Con. Bd. (25 industries) -- hours ..
38.0
41.0
39.6
37.3
38.4
37.5
37.2
37.5
39.8
37.2
38.8
39 3
39,0
U. S. Dept. of Labor (90 industries).. do
38.6
40.0
Industrial disputes (strikes and lockouts):
162
206
211
"330
185
201
160
209
220
Beginning in month
.number..
218
200
*240
220
323
273
324
In progress during month _
. _do
292
328
290
325
*475
310
333
342
P 365
340
Workers involved in strikes:
22
39
61
40
65
Beginning in month
_. thousands .
*113
52
36
66
68
60
63
*60
79
52
60
In progress during month
do
v 165
43
53
108
85
P 105
76
87
103
98
554
434
382
400
Man-days idle during month
. . , do
v 1,400
654
681
625 p 1, 000
460
771
887
660
Employment security operations (Soc. Sec. Bd.):
Placement activities:
Applications:
5, 166
5,682
5, 734
5,565
5,211
4,911
5,093 " 5, 101
5,025
5,724
4,619
4,568 " 4, 759
Active
file
thousands
1,495 " 1, 816
1,628
1,351
1.515
1,401
1,274
1,318
1,207
1,391
1,333
1,371
New and renewed. ._
do _ .
1,328
331
"344
376
243
308
353
378
363
295
350
330
365
Placements, total^f
_do _
407
Unemployment compensation activities:
7,292
3,738
4,931
5,670
6,614
7,253
6,525
5,881
"4,008
Continued claims . _
thousands
4,258
4,006
3.622
4,047
Benefit payments:
1,220
765
1,095
875
667
826
806
961
1,201
1,269
1, 125
Individuals receiving payments! do
698
676
55, 741
36, 594
47, 130
42, 286
54, 879
53, 618
51, 695
32, 231
39, 270
34, 611
Amount of payments
thous. of dol.. 33, 608
29, 561
30, 886
Labor turnover in mfg. establishments:
5.54
4.11
4.92
2.94
3.05
6.21
5.52
5.62
4.76
4.77
6.63
4.65
3.36
Accession rate. .mo. rate per 100 employees. _
3.41
3.22
3.16
3.46
3.35
3.00
3.23
3.15
3.40
3.66
3.36
3.06
3.78
Separation rate, total
do
.14
.21
.13
.14
.16
.18
.15
.13
.19
.18
.19
.16
.16
Discharges
do
2.53
2.25
1.86
1.61
1.06
2.69
2.32
1.63
1.60
1.20
2.78
1.48
1.53
Lay-offs
.. do __
1.14
1.21
1.62
.84
.90
.96
1.58
1.76
.78
1.51
1.28
2.13
.87
Quits and miscellaneous •_
do
PAY EOLLS
Manufacturing, unadjusted (U. S. Department
122.4
98.2
116.4
120.7 " 126. 9
131.0
99.8
99.5
105.5
111.6
116.2
97.9
97.8
of Labor)!
1923-25=10097.4
144.2
98.4
115.1
123.4
125. 1
131.6
131.9
" 139. 4
101.4
Durable goods!
_. . ..
do...
98.7
98.7
106.5
Iron and steel and their products, not in104.3
141.1
96.5
94.9
97.2
113.5
118.1
123.6
125.8 ' 132. 9
130.7 " 136. 9
102.8
cluding machinery
1923-25=100.BlbSt furnaces, steel works, and rolling
131.0
116.2
128.2
103.1
142.1
139.9
" 145. 3
148.8
98.6
134.6
101.8
113.9
124.8
mills
1923-25=100..
122.3
128.4
130.4
" 134. 8
138.1
85.8
85.7
106.5
113.5
118.8
104.0
101.9
104.7
Hardware
--do _
Structural and ornamental metal work
61.2
67.6
"89.4
"93.8
59.5
64.8
72.9
74.8
79.6
86.0
97.1
61.7
78.7
1923-25=100-.
113.4
104.1
124.4
113.5
121.9
113.1
113.2 " 116. 6 " 117. 6
101.0
100.9
116.8
99.6
Tin cans and other tinware
do....
r
Revised.
* Preliminary.
• Designation changed from "quit" as separations such as deaths, permanent disabilities, retirements on pensions, etc., are included.
§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.
•[ Compilation of separate figures for private placements, shown in previous issues of the Survey through February 1941, has been discontinued by the reporting source.
fRevised series. Telephone and telegraph indexes revised beginning 1932, other indicated nonmanufacturing employment series beginning 1929; see p. 17 of the April
1940 Survey; subsequent revisions in indexes for street railways and busses beginning 1932, superseding those shown in the April Survey, appear in table 27, p. 17 of the May
1940 issue. For revisions in pay-roll indexes for all manufacturing and durable goods for 1938 and 1939, see table 12, p. 18 of the March 1941 Survey. For revisions in Illinois
and Chicago indexes, see note marked with a "f on p. 29 of the January 1941 Survey. Index for Wisconsin revised beginning 1925; data not shown on p. 26 of the February
1941 Survey will appear in an early issue.
JTotal revised to include State engineering, supervisory, and administrative employees beginning 1940 (no earlier data); revised January 1940, 182,095, February, 200,126;
totals comparable with those shown in previous issues of the Survey may be obtained by adding construction and maintenance employees which include only persons
employed directly on road work.
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
May 1941
1940
March
April
May
June
July
1941
August
September
DecemOctober November
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES — Continued
PAY ROLLS— Continued
Mfg., unadj. (U. S. Dept. of Labor)— Con.
Durable goods — Continued.
73.1
Lumber and allied products.. 1923-25 =100..
93.9
Furniture
- -. do
63.1
Lumber sawmills
do
185.8
Machinery, excl. transp. equip
do
Agricultural implements (including tractors)
1923-25=100..
154.5
Electrical machinery, apparatus, and
185.8
supplies,..
1923-25=100..
Engines, turbines, water wheels, and
374.5
windmills
1923-25=100
Foundry and machine-shop products
143.8
1923-25=100..
464.6
Machine tools*
do
Radios and phonographs . ..
do
156.3
155.2
Metals, nonferrous, and products
do
238.9
Brass, bronze, and copper products. do
85.2
Stone, clay, and glass products
do
56.2
Brick, tile, and terra cotta .. . .._do
140.7
Glass
do .
195.6
Transportation equipment!
do
6, 661. 0
Aircraft*
do
161.1
Automobiles
- do
365.3
Shipbuilding*
do
116.3
Nondurable goodst
do
Chemical, petroleum, and coal products
1923-25=100..
148.1
201.7
Chemicals
do
147.8
Paints and varnishes
do
133.2
Petroleum refining
do
332.9
Rayon and allied products.
. -do
122.6
Food and kindred products
do
139.9
Baking
. do
Slaughtering and meat packing
do
114.9
96.2
Lenther and its manufactures .
do
Boots and shoes
do
94.3
120.4
Paper and printing
- do
136.4
Paper and pulp
do
Rubber products
- do
119.3
Rubber tires and inner tubes
do
102.4
107.0
Textiles and their products!
--do
101.2
Fabrics!
do
Wearing apparel
- do
112.0
Tobacco manufactures
do
62.6
Manufacturing, unadj., by States and cities:
State:
Delaware
1923-25=100
127.9
Illinoisf .
*_. 1935- 39 =100-140.8
Maryland
1929-31 = 100..
161.1
Massachusetts
_.
1925-27=100..
101.0
New Jersey
1923-25=100
145.6
New York . ...
1925-27 = 100-. 119.2
Pennsylvania
1923-25=100
108.2
Wisconsin!
1925-27=100-134.8
City or industrial area:
Baltimore
. 1929-31 = 100..
164.1
Chicago!
1935-39=100
135. 1
Milwaukee
1925-27=100..
144.5
New York
do
115.2
Philadelphia
. 1923-25= 100. _ 113.1
Pittsburgh
do _
118.0
Wilmington
do
116.0
Nonmfg., unadj. (TJ. S. Dept. of Labor):
Mining:
Anthracite
1929=100
42.4
Bituminous coal
do
95.0
Metalliferous
. do__.
72.7
Crude petroleum producing
do
56.8
Quarrying and nonmetallic
.. ...do
40.2
Public utilities:
Electric light and power!
do, .
106.8
Street railways and busses!
do
72.8
Telephone and telegraph!
do__.
106.8
Services:
Dyeing and cleaning
do
76.9
Laundries
. -.. do
90.8
Year-round hotels
do
86.2
Trade:
Retail, total!
do
86.3
General merchandising!
do. .
88.1
Wholesale _
do
82.2
WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
industries)
dollars. .
TJ. S. Dept. of Labor (90 industries)
do
Durable goods
.
. . .. ...do
Iron and steel and their products, not including machinery
_ _ ..dollars
Blast furnaces, steel works, and rolling
mills
dollars
Hardware . .
.__ __. ...do. _.
Structural and ornamental metal work
dollars
Tin cans and other tinware.
.do
' Revised.
63.3
74.8
58.3
122.3
63.6
75.9
58.1
125.1
60.7
74.3
53.9
125.7
68.3
81.7
62.2
131.0
71.2
87.4
63.8
137.9
73.7
91.3
65.1
145.3
70.9
90.4
60.9
149.3
71.5
92.6
60.4
' 163. 0
166.1
164.0
157.8
148.9
152.0
156.2
158.8
160.4
171.3
112.7
114.3
118.3
118.1
123.7
131.4
138.2
145.0
' 157.9
175.7
183.1
193.8
210.7
223.8
238.5
249.4
263.4
275.0
305.5
95.7
281.6
109.5
104.8
137.2
68.3
41.5
112.8
125.9
2, 344. 3
122.9
169.3
101.0
95.4
287.1
116.0
103.1
133.0
72.2
45.2
114.2
124.3
2,415.0
121.2
169.4
97.3
94.6
289.7
126.9
103.6
134.2
74.6
49.2
112.0
118.5
2, 601. 5
111.1
180.4
96.8
95.8
302.9
134.0
105. 8
140.8
73.4
51.1
111.0
121.0
2, 968. 2
112.0
185.8
97.4
96.3
307.8
138.5
•105.9
146.2
71.1
51.8
105.2
98.9
3, 124. 6
80.5
193.4
99.1
101.3
105.4
302.9
332.3
161.5
149.8
128.0
117.0
177.6
160. 7
76.7
79.7
54.0
53.6
116.0
120.7
115. 8
141.5
3, 727. 4 4,211.9
125.2
96.1
227.5
211.6
104.4
107.7
111.7
352.3
164.3
136.3
190.0
83.0
55.1
129.8
163.3
4. 639. 4
149.3
244.3
108.1
114.6
355.4
155.7
141.7
201.6
82.0
54.0
130.8
166.1
5, 012. 9
150.5
239.0
106. 6
132.5
159.3
130.5
135.8
316.0
117.1
134. 4
111.5
80.3
78.2
110.0
115.1
88.3
79.0
89.5
78.5
105.7
58.1
133.4
159.6
131.9
136.9
311.1
117.7
134.3
109.5
70.7
66.6
109.7
115.4
86.5
78.1
81.4
75.2
88.7
58.7
133.6
161.9
136.3
136.8
311.4
121.5
137.8
110.4
63.6
58.1
113.1
124.2
87.1
79.9
77.9
73.9
81.0
60.7
133.2
165.2
136.2
137.1
314.3
129.0
140.8
114.7
67.0
62.7
112.3
126.2
86.4
77.5
75.4
72.5
76.6
66.9
133.0
167.2
132.4
136.6
314.7
131.3
142.1
117.6
76.4
74.6
111.2
126.3
85.2
77.4
77.7
76.4
75.7
62.3
134.4
169.3
132.1
137.4
318.0
139.0
140.1
112.3
77.0
75.0
110.9
124.8
87.7
76.3
87.4
80.9
94.9
62.3
138.2
170.9
135.6
139.3
327.7
138.5
140.8
112.6
74.6
72.0
113. 4
124.2
95.7
84.6
92.6
84.8
102.5
65.9
139.3
176. 2
135.8
136.2
322.6
134.2
139.2
115.8
73.4
69.1
115.2
123.8
99.5
86.6
93.2
89.5
94.8
66.5
139.7
181.7
135.7
133.3
331.4
128.8
138.3
118.9
68.5
62.5
115.4
123.8
102.0
89.7
92.3
90.9
89.5
66.4
93.9
113.4
124.7
73.9
102.2
89.5
80. 7
103.8
98.1
111.9
124.1
70.9
101.8
85.3
79.2
102.8
97.0
112.8
126.3
70.3
103.9
85.4
79.0
104.7
98.6
115.2
128.7
70.7
107.5
86.7
82.5
106.0
97.0
116.4
131.4
75.4
106.6
87.6
83.5
102.0
100.6
120.8
133.7
77.7
113.2
92.8
88.7
106.9
104.7
124.4
138.0
82.5
121.2
98.2
91.9
111.5
108.7
128.0
141.3
84.5
123.3
100.5
96.2
119.4
105.3
129.4
145.1
83.9
124.9
101.5
96.8
122.1
116.9
137.3
150.2
91.2
134.8
108.2
102.2
128.0
112.9
134.8
151.6
89.6
133.2
108.2
'99.4
126.1
' 125. 1
138.3
' 155. 1
97.0
139.1
113.6
' 104. 6
' 129. 5
126.6
112.0
104.2
94.9
83.1
85.3
84.7
127.0
110.3
104. 1
86.5
81.8
83.7
88.6
127.4
112.0
105.9
84.5
80.7
85.2
87.1
129.6
114.9
106.0
82.2
84.0
89.3
87.5
132.7
117.0
101.7
80.8
85.2
89.7
85.8
135.5
120.0
108. 7
93.9
89.7
96.0
86.1
139.3
123.5
112.2
101.6
94.7
98.0
89.7
142.9
126.0
122.2
98.8
98.0
103.8
93.9
147.0
128.5
126.6
97.6
100.1
105.4
94.9
151.9
136.9
131.3
101.3
106.3
113.1
105.8
153.7
135.1
132.6
103.3
' 103. 6
109.7
102.5
' 157. 9
135.1
139.5
109.7
' 110. 5
' 114. 5
' 113. 6
38.4
78.3
63.2
58.4
34.1
36.3
72.2
63.5
59.0
38.1
40.0
75.3
65.7
58.7
42.7
40.6
73.9
65.4
58.8
43.9
36.5
75.2
63.7
59.1
43.5
33.1
82.5
68.5
59.0
45.2
39.3
83.2
69.5
58.2
46.2
32.3
83.6
71.4
57.6
46.7
37.6
84.5
69.8
56.8
42.3
42.7
91.4
'72.8
55.9
42.4
38.5
'87.8
'70.4
'56.2
'36.9
45.2
91.0
72.7
56.3
37.9
102.3
69.5
98.1
103.3
69.2
98.7
104.2
69.2
98.8
104.8
70.5
100.0
105.8
70.0
101.3
108.1
70.4
100.4
105.8
71.5
101.8
107.0
70.7
102.2
106.9
70.3
103.2
106.0
73.1
103.5
' 105. 1
'70.7
' 103. 9
104.9
70.6
102.9
72.7
84.1
81.8
79. G
85.6
83.2
85.4
88.5
83.0
89.6
92.4
82.0
80.0
90.0
80.5
78.9
90.5
80.7
85.6
89.9
81.8
82.4
88.0
84.2
77.8
87.2
83.6
75.8
89.2
84.1
'73.3
89.8
'84.1
74.3
89.6
86.0
82.0
85.9
77.8
82.3
85.0
77.4
83.4
86.6
77.4
84.8
89.3
78.4
82.6
84.0
78.3
81.5
82.3
78.7
85.1
90.5
81.1
85.8
92.3
80.2
87.1
97.5
80.7
97.3
83.4
83.7
'86.5
'80.5
84.0
86.0
80.8
27.61
25.46
28.90
27.66
25.33
28.92
27.67
25.43
28.80
28.23
25.79
29.48
28.16
25.25
. 28.52
28.58
26.10
29.98
28.99
26. 54
30.57
29.84
27.13
31.42
29.73
26.93
31.11
30.28
27.89
31.96
30.61
' 27. 70
31.90
31.41
28.56
32.95
61.0
77.7
53.3
121.5
61.4
74.2
55.4
121.6
167.9
113.8
68.1
84.2
59.2
167.5
'71.2
'90.0
'61.6
' 176. 9
180.9
' 174. 2
' 162. 7 ' 175. 7
331.4
' 344. 9
126.6
128.7 ' 136. 1
394.2
414.0 ' 450. 4
' 163. 6 ' 144. 9 ' 146. 0
149. 6 'r 146. 0 ' 151. 8
' 218. 8
220. 1 ' 226. 2
'85.7
'82.1
'79.6
56.8
54.6
'54.8
137.6
131.2 ' 135. 7
169.2
176.1 ' 190. 6
5, 356. 3 '5, 919. 7 '6,451.9
' 144. 8 ' 147. 5 ' 159. 1
' 288. 0 ' 307. 6 ' 338. 1
112.1
108.0 ' 112. 9
' 144. 2 ' 142. 2
187.9
188.2
138.7
137.4
139.0
132.2
334.4
335.9
132.4
120.0
137.7
134.5
137.3
119.7
78.5
83.3
73.2
80.1
120.8 ' 115. 4
128.5
127.5
111.1
111.0
96.4
96.9
97.6
95.1
95.6
93.1
95.6
93.2
67.4
59.3
' 132. 9
' 144. 1
' 193. 9
r 141. 7
' 132. 0
' 327. 6
' 119. 4
' 137. 8
'113.5
'91.5
'88.9
' 117. 1
' 132. 5
' 114. 9
'99.1
'103.9
'98.6
108.0
'61.7
27.47
27.50
28.16
29.30
28.89
30.24
30.60
30.97
31.01
32.18
31.49
32.25
28.88
26.15
28.73
26.13
29.87
26.14
31.53
25.85
30.75
25.45
32.25
27.29
32.93
27.53
33.04
27.74
33.43
27.56
34.65
28.03
33. 66
28.30
34.57
28.84
27.39
24.15
28.42
24.20
28.13
24.04
28.56
25.04
28.87
24. 38
29.51
25.61
28.99
25. 01
30.02
25. 16
29.26
23 47
30.80
' 31. 01
31.67
95 KQ
r OS KK
OK 11
For revision in index for nondurable goods for 1938 and 1939, see table 12, p. 18 of the March 1941 Survey. Telephone and telegraph pay-roll indexes revised beeinnine 1932*
other indicated nonmanufacturing pay-roll indexes revised beginning 1929; see table 19, p. 17, of the April 1940 Survey.
*New series. See note marked with an "*" on p. 26 of this issue.
May 1941
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
1940
1941
March
29
March
April
May
June
July
August
1941
SepNovem- Decemtember October
ber
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES— Continued
Factory average weekly eRrnings— Continued.
U. S. Department of Labor— Continued.
Durable goods— Continued.
20.22
20.75
19.91
20.00
20.17
21.06
21.49
19.37
20.81
21.06
Lumber and allied products
dollars ..
20.72
21.41
20. 59
20.70
20.67
22.07
22.49
22.23
21.15
21.39
22.64
20.28
21 42
Furniture
do __
22 32
19.32
19.06
18.93
19 43
18 49
19. 85
20.23
18 02
19 79
19 29
Lumber sawmills
do
19 59
20 26
30.11
30.41
31.22
31.65
30.15
29.97
30.29
31.71
Machinery, excl transp equip
do
30.67
33.13
33 34
34 28
Agricultural implements (including
31.42
30.74
31.29
31.37
31.43
30.42
31.41
tractors)
dollars
31.17
30.87
32 22
31.87
32 17
Electrical machinery, apparatus, and
30.01
30.52
29.70
31.21
31.61 ••32 95
29.98
30.92
31.26
supplies
dollars
30 14
33 00
33 87
Engines, turbines, water wheels, and
34.21
36.21
35.05
34.43
34.35
36.24
36.74
windmills
dollars
36 00
38 17
39 12
35 04
38 52
Foundry and machine-shop products
29.29
29.41
29.39
30.95
dollars -.
29.27
30.12
30.31
31.18
32.85
29.33
32.51
33 51
36. 35
36.85
36.72
36.68
36.99
37.02
37.73
36 45
Machine tools*
do
35. 48
39 56
40 08
41 78
23.09
23. 61
23.97 r 25. 32
22.30
22.46
24.89
24.74
23.90
Radios and phonographs
do
23.49
24.08
24 60
r
27.02
29.38
30.02
27.25
26.96
26.76
30.00
Metals, nonferrous, and products do
28.18
31
63
27 12
30
60
31 12
29.01
33.64
28.74
29.00
29.95
33.98 r 35. 66
32.97
Brass, bronze, and copper prod.. do ._ 31.55
30.73
' 35. 18
35
44
24.49
24.79
24.20
25.17
24.03
25. 27
25.75
Stone, clay, and glass products
do
26 25 r 25 11
23 49
24 81
25 62
20.65
21.47
19. 55
20.97
21.62
19.97
21.87
20. 95
21.49
22.52
21.74
Brick, tile, and terra cottaj
do
22.07
27.26
26.02
26.49
26.18
25.89
26. PO
27.90
26 56
28 77
Glass
do
24 91
28 00
28 66
34.21
32.83
35. 60
34.39
34.40
37.39
36. 39
Transportation equipment
do
35. 41
36.56
31.88
35.96
38.44
29.96
29. 69
32.93
31.18
32.62
29.75
32.37
30. 48
31.79
Aircraft*
._
do
33.17
34.13
35.20
35. 28
33.47
35. 53
35.78
36.67
39.24
38.11
32 26
37.13
36 54 r 37.61
Automobiles
do
40 05
33.25
34.20
34.17
36 08
34 63
33.68
36.63
Shipbuilding * J
do
34 03
34 86
38 50 r 37 81
38 91
21.72
21.81
22.08
Nondurable goods
do
21.86
21. 49
22.20
22.28
22. 10
22 63
23 09
21 87
23 16
Chemical, petroleum, and coal products
29.73
29.87
dollars .
29.14
28.99
29.96
30.08
30.08
30.16
30 90 r 30. 33
30 12
30 22
32.72
32.09
31.72
32.23
32.39
31.83
31.80
Chemicals
do
32.18
33.33
31 95
33. 10
33.50
29.62
29.35
29.02
28.93
29.55
29.60
Paints and varnishes
do
29.40
29.28
29 86
30 15
30 22
29 13
Petroleum refining
do .
35. 14
34.32
35.34
34.84
34.96
35.20
34.93
34.46
34.44
34.94
36.00
34 73
26.12
26.27
26.95
Rayon and allied products
do
26.26
26.36
26.53
26.99
27.40
27.15
26.94
26.32
26.53
25.64
25.25
23.82
24.43
Food and kindred products _
do
25.17
25. 54
24.17
23.48
25.25
25 78 r 24. 90
24 33
26.46
26.31
26.12
26.57
Baking
do
26.22
26.60
26.31
26.44
26.40
26.39
26.73
26 69
26.82
Slaughtering and meat parking do
27.43
27.26
27.76
27.82
27.64
26.84
27.38
28.77
27 57
26.70
27 76
17.26
18.19
Leather and its manufactures!
do _..
19.23
17.68
18.17
19.37
18.87
20.67
21.89
19.86
20.05
19 80
15.65
16.65
Boots and shoes t
__ do
18.20
16.30
17.00
18.32
19.58
20.92
17.53
18.54
18 94
18 92
r
29.35
Paper and printing
do __.
29.38
28.67
29.27
29.35
28.70
29.18
30.37
29. 75
28.73
30.01
29 00
26.35
26.52
25.17
26.70
26.12
Paper and pulp
do
25. 35
26.45
26.99
26.14
27.30
27.63
26 47
29.45
28.39
Rubber products . _ _
d o ...
27. 66
29.31
28.27
29.15
30.68
31.14
27.98
31.13
27.81
27 76
34.92
Rubber tires and inner tubes
do
33.88
36.32
31.98
32.77
34.27
33.11
34.08
36.59
36.73
31.64
32.66
17.80
16.52
17.45
18.12
Textiles and their products
do
16.74
18.10
19.08
16.43
18.09
18.46
17.64
16 85
17.71
Fabrics
do
16.62
16.35
16.40
17.93
16.24
17.57
17.95
18.28
18.60
17.15
16.71
18.05
16.97
Wearing apparel . . '
_
do
18.70
20.39
19. 54
16.96
19.51
18.53
17.63
18.95
18.98
17 26
18.14
18.02
Tobacco manufactures
do
17.76
17.54
16.88
18.42
18.25
17.07
18.98
18.70
18.36
17.79
Factory average hourly earnings:
National Industrial Conference Board (25
.747
.737
.754
.759
.734
.740
.742
.744
industries)
_ dollars
.731
.764
.741
740
.678
.669
.689
.692
U. S. Dept. of Labor (90 industries)
do
.665
.665
.672
.671
.673
.683
.668
.667
.744
.730
.758
.762
Durable goods
do ...
.728
.732
.737
.739
.749
.729
.731
.727
Iron and steel and their products, not
.781
.767
.786
.791
including machinery
dollars
.763
.764
.774
.779
.778
.780
.777
777
Blast furnaces, steel works, and rolling
.857
.842
.868
mills
dollars. _
.838
.849
.857
.851
.858
••.861
.838
.848
.847
.683
.695
.689
.692
.684
.681
Hardware
_
do
.685
.680
.691
.681
.697
683
Structural and ornamental metal work
.732
.750
'.743
.741
.735
.735
.743
.741
.733
dollars
.737
.736
.738
.635
.644
.624
.634
.632
Tin cans and other tin ware t
do ....
.626
.635
••.646
.624
.632
.633
.627
.526
.529
.536
.521
.525
.524
.528
Lumber and allied products
do
.515
.523
.518
.526
519
.555
.552
.560
.546
.547
.547
.552
Furniture
. do ...
.546
.546
.546
.548
.550
.505
.510
.518
.507
.492
.503
Lumber, sawmills
do
.507
.506
.497
.505
.509
.496
.752
.768
.771
.761
Machinprv, excl. trans, equip. _ _ do
.741
.746
.749
.739
.745
.739
.743
.744
Agricultural implements (including
.806
.813
.810
.802
.810
.799
.797
.799
tractors) ._. .
_._ dollars
.798
.801
.801
795
Electrical machinery, apparatus, and
.757
.773
.776
.766
.757
.752
.755
.764
.757
supplies!
dollars- .
.756
.762
.756
Engines, turbines, water wheels, and
.840
.866
.855
.842
.812
.797
.830
windmills
dollars .807
.803
.803
.819
.807
Foundry and machine-shop products
.745
.762
.757
.755
.730
.734
.725
.740
.728
.733
dollars
.726
.730
.768
.796
.799
.781
.766
.766
.769
.767
Machine tools*
do
.766
.760
767
768
.613
'.632
.638
'.626
.606
.621
.618
.614
.614
Radios and phonographs
. .do
.611
.611
.621
.727
.739
".739
.712
.738
.710
.701
.702
.703
Metals, nonferrous, and products do
.697
.700
.701
Brass, bronze, and copper products
.805
.799
.804
.805
.775
.750
.765
.777
.748
.755
.749
.762
dollars
.671
'.682
.683
.680
.664
.672
.664
.671
.664
.664
.668
Stone, clay, and glass products
do ...
.665
.588
.572
.587
.582
.551
.565
.566
.553
.564
.568
.551
.566
Brick, tile, and terra cottaj
do
.746
.770
.769
.764
.750
.747
.739
.743
.741
.740
.742
.739
Glass .
- . do
.902
.916
.911
.900
.902
.900
.898
.900
.902
.905
.897
Transportation equipment
do
.891
.784
.755
.776
.756
.732
.738
.742
.750
.734
733
.739
Aircraft*
do
738
.966
.975
.955
.950
.951
.950
.944
.947
.954
.958
.945
.949
Automobiles
_ _ do
.903
.885
'.894
.897
.862
.874
.862
.872
.869
.860
.862
.859
Shipbuilding * t
do
.621
.620
.613
.617
.615
.609
.613
.611
.610
.609
.617
Nondurable goods
do
.615
Chemical, petroleum, and coal products
.770
.765
.766
'.770
.773
.757
.760
.746
.742
.777
.783
.778
dollars. .
.822
.826
.811
.816
.803
.799
.798
.802
.804
.798
.800
.801
Chemicalst
do
.746
.741
.741
.733
.722
.716
.720
.717
.721
.720
.713
.717
Paints and varnishes
do
.970
.970
.966
.968
.975
.983
.963
.983
.977
.974
.986
Petroleum refining
do
.971
.702
.699
.690
.694
.682
.685
.673
.672
.675
.676
.672
Rayon and allied products - _. do
.672
.651
.649
.632
.641
.603
.610
.647
.641
.615
.641
.625
.643
Food and kindred products
do
.641
.643
.644
.640
.641
.635
.637
.639
.643
.630
.636
.640
Baking
do
.685
.686
.681
.680
.684
.691
.688
.691
.689
.691
.689
.681
Slaughtering and meat packing do
.564
.555
.552
.555
.555
.554
.558
.553
.553
.553
.541
.543
Leather and its manufactures:]:
do
.540
.530
.526
.529
.537
.533
.531
.532
.533
.521
.528
.519
Boots and shoest
do
.803
.796
.793
.799
.792
.792
.794
.789
.791
.789
.793
.797
Paper and printing
. do
.662
.660
.656
.660
.654
.654
.638
.648
.644
.649
.637
.637
Paper and pulp
do
' Revised.
JData for shipbuilding, leather, and boots and shoes revised beginning October 1940 in the April 1941 Survey on the basis of more complete reports; the revision could not
be extended to earlier months. For similar revisions beginning August 1940 for tin cans, electrical machinery, and chemicals, see p. 75 of the February 1941 Survey, and
beginning June 1940 for brick, tile, and terra cotta, p. 29 of the December 1940 Survey.
*New series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.
SURVEY OF CURRENT BUSINESS
30
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
May 1941
1940
March
April
May
June
1941
August
July
Novem- DecemSeptember October
ber
ber
January
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES— Continued
Factory average hourly earnings— Continued.
U. S. Department of Labor— Continued.
Nondurable goods— Continued.
Rubber products
dollars .
Rubber tires and inner tubes
do
Textiles and their products
do .
Fabrics
do
Wearing apparel
do
Tobacco manufactures . ...
do.. .
Factory average weekly earnings, by States:
Delaware
1923-25=100..
Illinoisf
1935-39=100..
Massachusetts
1925-27= 100 ._
New Jersey
1923-25 = 100
New York
1925-27—100
Pennsylvania
1923-25=100..
Wisconsin!
- - 1925-27=100
Miscellaneous wage data:
Construction wage rates (E. N. R.)^
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
dol. per hour _
East North Central
do
East South Central
do
Middle Atlantic
do
Mountain
do
New England
_._.
_ do
Pacific
do
South Atlantic
__ .
do
West North Central
do _
West South Central- . .
do
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programs!
mil. of dol
Assistance to recipients:§
Special types of public assistance _ do__
Old-age assistance*
do
General relief
._.
_
do _
Subsistence payments certified by the Farm
Security Administration
mil of dol
Earnings of persons employed under Federal
work programs:
Civilian Conservation Corps. ..mil. of doL.
National Youth Administration:
Student work program
do
Out-of-school work program..
do _
Work Projects Administration
do
Other Federal agency projects financed
from emergency fundsf
mil. of dol
Earnings on regular Federal construction
projects*
-. .
. mil. ofdol..
0.779
.963
.505
.482
.543
.490
0.779
.966
.495
.482
.519
.493
0.778
.968
.496
.484
.518
.497
0.780
.967
.496
.484
.518
.505
0.785
.971
,502
486
.534
.502
0.779
.960
,512
.486
.558
.492
0.780
.971
.514
.487
.563
.487
0.774
.962
.509
.487
.552
.484
0.781
.971
.504
487
.539
.486
0.784
.971
.507
488
.544
.490
0.780
.957
.512
.492
.552
.498
0.785
.965
.514
492
.555
.495
106.4
119.2
113.5
138.5
108 2
123.8
123.3
'93.7
108.6
98.6
118.6
r
97. 5
106.3
109.0
96.3
108.2
96.7
118.7
T
95 2
105.9
109.1
94.9
108.7
97.6
120.4
r
96. 3
107.0
111.1
94.6
110.3
98.7
122.6
r
97 6
108.9
111.0
94.6
109.6
101.1
121.3
r
97 7
107.9
107.4
90.4
111.0
101.3
122.6
99.4
111.8
110.3
93.1
112.0
104.2
126.6
101 0
113.6
111.4
95.4
113.5
103.8
127.5
100.8
115.8
114.6
••97.1
112.4
102.7
127.6
100 4
115.5
116.0
104.0
116.8
108.8
134 9
104 4
120.9
119 0
98.1
115.6
107.6
133.8
104 5
117.5
117.6
107.9
117.5
111.7
136.1
106 0
121.4
121.1
.716
1.47
.685
1.47
.685
1.47
.690
1.47
.703
1.47
.707
1.48
.707
1.48
.711
1.48
.711
1.48
.711
1.48
.711
1 48
.711
1.47
.713
1.47
.735
36.41
.731
.725
.728
37.18
.723
.719
.737
36.84
.725
.741
746
36.61
.741
.41
.69
.33
.59
.55
.53
.70
.32
.45
.39
.42
.66
.33
.57
.55
.58
.74
.33
.45
.38
.45
.64
.33
.52
.56
.53
.67
.33
.45
.38
.46
.63
.33
.54
.56
.49
.68
.33
.46
.39
.47
.61
.35
.53
.56
.49
.68
.32
.47
.38
.47
.62
.35
.54
.56
.50
.68
.34
.47
.38
.47
.61
.34
.53
.55
.50
.68
.33
.48
.38
.48
.63
.35
.54
.54
.51
.70
.34
.49
.38
.48
.63
.34
.56
.54
.56
.72
.35
.49
.37
44
.63
33
58
53
.58
71
34
48
38
.43
.68
.35
.59
.51
.55
.70
.34
.47
.38
.43
.67
.33
.59
.53
.59
.72
.34
.48
,38
254
248
239
219
212
213
203
216
209
218
222
215
51
38
39
51
38
37
51
39
34
52
39
31
53
40
32
53
40
32
53
40
29
54
41
29
55
41
29
56
42
30
67
43
31
58
43
29
3
3
2
2
1
1
1
1
1
1
1
P1
17
18
18
16
17
18
19
16
17
*18
3
6
124
3
6
120
3
6
114
2
6
100
5
94
2
5
102
3
5
93
3
6
102
3
8
»104
3
9
J>94
v2
.43
.65
.34
.58
.52
.58
.70
.34
.47
.39
10
10
10
10
25
30
34
36
19
18
(a)
^3
97
(°)
5
97
(°)
8
7
6
4
4
3
2
39
44
47
56
69
'86
103
FINANCE
BANKING
Acceptances and com'l paper outstanding:
223
188
182
177
214
187
230
206
197
217
209
212
Bankers' acceptances, total
mil. of dol..
213
0
0
0
0
0
0
0
0
0
Held by Federal Reserve banks
do
0
0
0
0
178
152
148
142
184
166
171
149
159
Held by accepting banks, total
do
168
164
170
167
118
112
121
113
103
100
103
96
99
Own bills. __
do
107
103
100
99
54
42
58
61
49
44
63
53
60
Bills bought
do
63
67
65
65
45
40
43
36
34
35
38
38
46
Held by others
do
47
45
48
42
224
239
232
245
234
251
252
232
233
Commercial paper outstanding
do
232
263
241
218
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.;
3,059
3,008
3,058
3,060
3,056
3,050
3,035
3, 053
2,986
Total, excl. joint-stock land bks.t-mil. of dol.. 2,976
2,964
2,973
2,970
2,560
2 568
2,549
2,534
2,540
2,526
2,517
2,508
2,553
Farm mortgage loans, total
do
2,475
2,489
2,485
2,500
1,886
1,880
1,875
1,862
1,890
1,871
1,867
1, 883
1,856
Federal land banks
do
1,836
1,851
1,844
1,842
674
678
669
652
671
665
663
659
655
Land Bank Commissioner
do _._
645
643
640
648
88
81
82
83
83
89
96
96
91
Loans to cooperatives, total ..
do
88
93
92
91
Banks for cooperatives, incl. central
67
62
64
65
67
73
69
79
77
bank
mil. of dol..
74
70
75
75
19
18
15
15
18
16
17
20
17
Agn. Mktg. Act revolving fund
do
16
16
16
16
412
394
429
434
394
422
433
420
383
413
382
393
381
Short term credit, total t
do
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
185
176
191
196
199
203
197
191
188
192
203
187
186
cooperatives cf
mil. of doL_
38
42
36
38
40
42
41
35
34
Other financing institutions
do
37
34
35
36
186
195
174
200
204
195
203
180
Production credit associations
do
173
174
182
p 195
172
8
8
8
8
8
7
7
6
6
6
6
Regional agr. credit corporations... do
6
6
128
130
128
122
124
129
129
127
119
Emergency crop loans f
do
125
117
119
118
52
52
52
52
52
52
51
51
51
Drought relief loans
do
50
50
50
50
58
52
61
56
55
54
51
53
51
Joint-stock land banks, in liquidation. .do
45
47
46
48
34, 738
34, 769
34, 194
31,960
29, 918
32, 856
30, 862
36, 317
35, 771
Bank debits, total (141 cities)
do
40, 988
37, 645
32, 725
42, 952
15, 519
14, 952
15, 201
14, 536
13,110
13, 612
11, 604
12,594
14, 952
17, 402
New York City
do
15, 147
13, 268
18, 626
19, 250
19, 659
19, 537
18, 850
19, 244
18, 314
18, 267
21, 365
20, 819
23, 586
22, 498
19. 457
Outside New York City
do
24.327
' Revised. * Preliminary. a Less than $500,000. cFTo avoid duplication these loans are excluded from the totals.
* Not available.
HConstruction wage rates as of April 1, 1941: common labor, $0.725; skilled labor. $1.48
§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 in figures for July 1937-August 1940 on special types of assistance.
tRevised 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. 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. Total public assistance and "other Federal agency projects financed from emergency funds" revised
in the March 1941 Survey to exclude earnings on regular Federal construction projects; revised data beginning January 1933 will appear in a subsequent issue.
*New series. For data beginning 1933 for old-age assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Federal construction projects
beginning January 1933 will appear in a subsequent issue.
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
31
SURVEY OF CURRENT BUSINESS
May 1941
1940
1941
March
March
April
May
June
July
August
1941
September
DecemOctober November
ber
January
February
23,306
23, 528
2,250
0
2
2,184
20,285
19, 913
23, 306
16, 396
13, 930
6,380
5,884
91.0
2,265
0
3
2,184
20, 366
20, 031
23, 528
16, 351
14, 203
6,534
6,022
91.0
FINANCE— Continued
BANKING— Continued
Federal Reserve banks, condition, end of mo.:
20, 585
21, 408
Assets, total..
..mil. of dol__ 23, 409
19, 677
20, 042
21, 801 22, 176
Reserve bank credit outstanding, total
2,519
2,529
2,484
2,516
mil. of dol_.
2,243
2,518
2,531
Bills bought _ .
. . . . ._ do
0
0
0
0
0
0
0
4
2
Bills discounted
do
3
4
4
3
3
United States securities.
.
do
2,184
2, 475
2,467
2,477
2,466
2,436
2,448
16, 451
16, 809
18, 579
Reserves, total
do
17, 346
18, 120
18, 959
20, 436
18, 202
Gold certificates
_
._
do_.
20.112
16, 076
16, 428
16, 994
17, 754
18, 618
Liabilities, total
do
19, 677
21, 408
21, 801
22, 176
20, 042
20, 585
23, 409
14, 152
Deposits, total. _. do
13, 815
14, 575
15, 213
15, 575
15, 867
16, 272
12, 423
Member bank reserve balances _ do_.
12, 919
13, 237
13, 781
13, 498
13, 371
13,541
Excess reserves (estimated).
do
6,857
6,514
5,828
6,149
6,385
5,776
6, 525
4,941
4, 931
5,057
Federal Reserve notes in circulation.. do
6,143
5,199
5, 248
5,370
89.2
Reserve ratio
percent-91.2
88.4
87.8
88.8
89.3
88.0
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of dol.. 23, 093
20,984
19, 175
19, 696
20, 287
20, 510
20, 901
Demand, except interbank:
Individuals, partnerships, and corpora20,167
tions
....
. . mil. of dol
22, 518
18, 743
19, 253
19, 696
20, 499
20, 415
1,594
1,434
States and political subdivisions do
1,747
1,351
1,578
1,497
1,440
562
United States Government _
do
396
560
515
560
509
505
5,352
Time, except interbank, total. __ mil. of dol..
5,465
5,373
5,323
5,341
5, 333
5,380
Individuals, partnerships, and corpora5,165
5,121
tions
mil of dol
5,269
5,120
5,146
5,144
5,174
188
191
183
States and political subdivisions
do
171
183
175
182
8,424
Interbank, domestic
do
8,577
9,343
8,460
8,431
8, 239
8,505
14, 666
Investments, total
do
17, 124
14, 881
15, 049
15, 124
15, 461
15, 622
9,081
U. S. Govt. direct obligations, total ..do .
8,848
8,960
9,202
10, 578
9,457
9,373
509
742
627
Bills
do
593
757
791
705
6,518
Bonds
--.
do
7,653
6, 382
6,573
6,496
6, 528
6, 567
1,821
Notes
do
2,183
1,871
2,063
1,926
2,099
2,095
Obligations fully guaranteed by U. S, Gov2,380
2,399
2,405
2,753
ernment
mil. of doL.
2,427
2,584
2,418
Other securities
do
3,793
3,438
3,494
3,569
3, 517
3,665
3,586
Loans, total
do
8,649
9,828
8,661
8,475
8,462
8,517
8,566
Commercial, industrial, and agricultural
4,414
4,441
loans
mil of dol
5,465
4,409
4,367
4,438
4,480
Open market paper
do
337
347
291
322
301
294
326
504
625
To brokers and dealers in securities- .do
626
380
419
390
478
Other loans for purchasing or carrying
454
476
securities _.
mil. of dol
474
481
471
474
463
1,185
Real estate loans
do
1,228
1,187
1,189
1,199
1,219
1,210
52
Loans to banks
.... ...
do
51
52
40
46
40
48
1, 561
Other loans
do
1,778
1,592
1,633
1,587
1,642
1,672
Instalment loans to consumers:*
By industrial banking companies:
46.4
47.0
48.2
47.8
45.3
42.6
Loans made
do
41.7
Repayments
_. _ __
do _.
43.1
42.6
42.0
42.6
44.2
263.6
Amount outstanding, end of month.. .do
268.3
273.9
278.3
279.4
280.0
By personal finance companies:
80.7
79.1
Loans made
do
76.5
78.6
78.4
76.8
Repayments
...
do
73.0
71.3
70.3
72.7
70.0
69.8
448.2
454.9
Amount outstanding, end of month.. .do
462.2
483.5
471.0
476.7
Money and interest rates:
Bank rates to customers:
2.04
2.03
New York City
percent
2.00
2.67
2.53
7 other northern and eastern cities
do
2.49
3 38
3.35
11 southern and western cities
do
3.25
Bond yields, Moody's (see p. 36).
1.00
1.00
Discaunt rate (N. Y. F. R. Bank)
do
1.00
1.00
1.00
1.00
1.00
4.00
4.00
Federal land bank loans
. .. do ..
4.00
4.00
4.00
4.00
4.00
1.50
Federal intermediate credit bank loans. .do
1.50
1.50
1.50
1.50
1.50
1.50
Open market rates, N. Y. C.:
Prevailing rate:
Acceptances, prime, bankers, 90 days
7/
percent ._
Me
Me
Me
Me
Me
i 7/i*
Com'l paper, prime, 4-6 months
do
Time loans, 90 days (N. Y. S. E.)..do
IK
' IK
' IK
' IK
Average rate:
1.00
Call loans, renewal (N. Y. S. E.)...do
1.00
1.00
1.00
1.00
1.00
1.00
.02
U. S. Treasury bills, 91 days
do.__
.11
.02
.06
.04
.10
.05
.42
.50
.65
Av. yield, U. S. Treas. notes, 3-5 yrs._do
.45
.76
.58
.57
Savings deposits:
Savings banks in New York State:
Amount due depositors
mil. of dol
5,661
5,676
5,644
5,660
5,631
5, 629
5,670
U. S. Postal Savings:
1,320
Balance to credit of depositors
do
1,301
1,303
1,299
1,293
1,298
1,297
33
45
43
Balance on deposit in banks
do.._
44
43
42
41
COMMEECIAL FAILURESf
1,197
Grand total
_ _. . . number
1,211
1,238
1,114
1,291
1,175
1,128
55
58
Commercial service, total
do _.
72
46
48
50
49
60
Construction, total
do
63
78
70
61
65
49
188
202
Manufacturing and mining, total . _ do_._
245
207
246
206
196
12
5
Mining (coal, oil, miscellaneous)
do
5
7
11
7
8
10
11
14
Chemicals and allied products
.do _
7
7
16
9
39
35
33
54
29
21
Food and kindred products..
do
30
22
30
24
34
Lumber and products
do
30
28
29
5
11
14
Iron and steel and products
. do
10
8
14
7
5
8
7
14
Leather and leather products ._.
do
9
9
•4
11
6
8
13
14
Machinery
do
7
11
18
Paper, printing, and publishing
do
19
32
27
20
24
12
4
2
3
6
3
2
Stone, clay, and glass products
do
3
35
41
54
Textile-mill products and apparel
do
53
57
46
56
1
4
4
3
3
4
4
Transportation equipment
do
31
27
21
27
36
23
Miscellaneous
do
23
r
Revised.
fRevised series. See footnote marked "f" on page 32 of this issue.
*New series. For data beginning 1929 for industrial banking companies, see p. 18 of the September 1940 Survey;
i i*
22, 440
22, 865
23, 017
2,485
0
5
2,434
19, 272
18, 940
22, 440
16, 063
13, 727
6,655
5,450
89.6
2,412
0
4
2,333
19, 632
19, 289
22, 865
16, 218
14, 208
6,960
5,577
90.1
2,304 r 2, 274
0
0
4
3
2,184
2,199
19, 881
20, 036
19, 586 ' 19, 760
23,017
23, 262
16, 191
16, 127
14, 215
14,026
6,849
6,615
5,743
5,931
90.6
90.8
21, 152
21, 858
22, 189
22, 299
22, 932
23, 431
20, 741
1,463
508
5,381
21, 266
1, 651
506
5,371
21, 771
1,495
509
5, 397
22, 324
1,595
451
5,455
22, 401
1,579
214
5,448
22, 812
1,820
332
5,478
5,187
170
8,734
15,544
9,280
628
6,540
2,112
5,171
175
8,707
15, 693
9,374
736
6,804
1,834
5,180
192
8,843
15, 774
9,543
784
6,898
1,861
5,234
196
9,065
16,137
9,719
611
6,978
2,130
5,240
185
9,076
16, 368
9,950
685
7,051
2,214
5,273
179
9,253
16, 955
10, 334
727
7,052
2,555
2,582
3,682
8,785
2,627
3,692
8,909
2,707
3, 524
9,128
2,743
3,675
9,390
2,744
3, 674
9,308
2,766
3,855
9,495
4,630
297
446
4,773
304
410
4,911
299
467
5,018
301
584
5,076
314
458
5,227
319
478
460
1,220
41
1,691
455
1,222
36
1,709
460
1,228
39
1,724
465
1,230
37
1,755
459
1,229
35
1,737
455
1,232
36
1,748
41.0
38.5
282.5
44.4
43.8
283.1
43.7
43.1
283.7
48.6
44.6
287.7
'44.7
'44.1
'288.3
42.4
42.4
288.3
69.2
68.4
484.3
74.3
74.1
484.5
77.4
74.8
487.1
107.6
89.3
505. 4
'68.2
'70.1
' 503. 5
67.0
69.0
501.5
1.00
4.00
1.50
1.00
4.00
1.50
2.14
2.56
3.43
23, 262
2.00
2 53
3 36
1.00
4.00
1.50
1.00
4.00
1.50
Me
Me
Me
Me
Me
IK
' IK
IK
IK
1.00
.05
.48
1.00
.02
.43
1.00
.02
.34
1.00
.02
.35
1.00
.02
.43
IK
1.00
.04
.55
5,657
5,635
5,639
'5, 688
5,664
5,652
1,296
40
1,296
38
1,299
37
1,304
38
1,314
35
1,316
32
976
49
58
173
7
8
22
24
7
10
7
20
2
39
6
21
1,111
44
71
200
6
8
40
21
7
6
14
20
3
54
2
19
1,024
40
53
196
6
15
29
22
14
7
11
19
1
44
4
24
1,086
48
57
188
6
13
30
20
6
10
6
11
3
59
1
23
1,124
43
54
161
7
7
27
15
6
6
5
16
4
44
1
23
1,129
66
58
182
7
7
25
24
5
7
15
13
2
42
1.00
4.00
1.50
1.00
4.00
1.50
Me
li-H
IK
3n
data beginning 1929 for personal finance companies will
32
SUKVEY OF CURKENT 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
1940
1941
March
May 1941
March
April
May
June
July
1941
August
October
January
N
°bveerm-
February
FINANCE—Continued
COMMERCIAL FAILURESf-Continued
Failures— Con tinued.
Retail trade, total -.
.number
Wholesale trade, total
do
Liabilities, grand total.
thous. of doL.
Commercial service, total
do _._
Construction, total
do
Manufacturing and mining, total
do
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products ._
do
Food and kindred products
do
Lumber and products
do
Iron and steel and products-.
do
Leather and leather products
do
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
800
105
754
123
11, 681
752
668
4,274
142
336
849
676
470
242
109
267
71
696
107
309
4,647
1,340
781
114
16,247
911
1,547
6,853
488
52
1,627
538
307
180
92
1,344
182
752
251
1,040
5,270
1,666
757
120
13, 068
570
1,201
4,506
200
117
750
814
432
214
206
278
32
836
87
540
5,145
1,646
685
113
13, 734
1,100
984
4,953
444
40
1,002
548
132
251
288
226
82
1,026
140
774
5,314
1,383
738
116
16, 213
594
847
7,050
2,250
253
619
348
254
64
909
272
156
1,484
58
383
5,964
1,758
732
102
12, 997
562
1,272
4,386
421
31
770
845
123
197
325
288
16
1,171
40
159
5,056
1,721
588
108
11, 397
541
893
4,740
1,345
195
272
866
49
86
146
399
112
695
259
316
3,563
1,660
681
115
12, 715
574
854
5,247
361
432
1,074
227
92
100
142
890
69
1,443
37
380
4,194
1,846
646
89
16, 572
596
838
9,090
3,067
444
1,512
358
369
75
175
250
25
838
1,399
578
4,699
1,349
691
102
13, 309
665
1,043
5,928
117
441
2,347
254
708
158
72
259
422
873
15
262
4,097
1,576
24, 240
4,552
661
3,891
1,711
2,484
24, 339
4,555
661
3,894
1,718
2,472
24, 420
4,573
662
3,911
1,716
2,467
24, 494
4,591
663
3,928
1,714
2,463
24, 623
4,608
663
3,945
1,714
2,453
24, 719
4,621
663
3,958
1,716
2,445
24, 869
4,650
663
3,987
1,710
2, 436
24, 963
4,670
666
4,004
1,707
2,425
25, 076
4,694
664
4,030
1,701
2,413
25, 170
4,697
663
4,034
1,661
2,398
25,299
4,710
658
25, 400
4,727
665
4,062
1,643
2,371
14, 035
6,396
4,624
3,481
2, 659
1,499
983
475
14, 218
6,529
4,756
3,504
2,668
1,517
906
470
14, 325
6,517
4, 735
3,509
2,717
1,582
875
464
14, 347
6,520
4,721
3,545
2,708
1, 574
952
427
14, 527
6, 05 1
4,852
3, 572
2, 699
1, 605
897
424
14, 624
6,738
4,929
3, 579
2,694
1,613
888
425
14, 692
6,811
4,991
3,598
2,717
1, 566
922
459
14, 769
6,819
4,983
3,622
2,731
1,597
933
459
14. 851
6, 806
5.010
3,619
2.745
1,621
955
462
15, 034
6.889
5,036
3,784
2,689
1,672
862
518
15, 032
6,883
5,045
3,775
2,702
1,672
1,006
14, 971
6,744
4,910
3,794
2,717
1,716
1,166
522
766
30
472
263
624, 770
39, 800
135, 852
449,118
268, 866
24, 971
12, 239
69, 543
162, 113
793
42
494
256
626, 357
44, 869
141, 921
439, 567
266, 430
24, 750
12, 583
57, 252
171, 845
714
35
446
233
597, 450
48, 946
128, 232
420, 272
256, 608
25, 473
11, 594
57,112
162, 429
697
33
428
235
605. 326
43, 520
124, 192
437, 614
267, 714
35, 043
12,812
55, 547
164, 312
683
32
426
225
579. 283
53, 757
123,111
402, 415
246, 254
22. 854
12, 339
55, 451
155, 610
691
28
443
220
549, 955
40, 720
127, 974
381,261
248, 824
25, 938
12, 303
60, 409
150, 174
798
35
506
256
648, 903
55. 244
146, 465
447, 194
246, 403
21, 941
12, 368
51, 766
160, 328
721
28
468
226
560, 912
34, 256
134, 859
391, 797
251. 508
28. 454
11,844
56. 278
154, 932
800
67
494
238
694, 740
108, 003
142, 371
444, 366
357, 173
51, 185
14, 956
91, 469
199, 563
689
30
646 925
42, 721
148 978
455, 226
770
26
483
262
616, 085
37, 556
138, 545
439, 984
277, 439
27, 248
12, 960
62, 337
174, 894
727
32
464
231
589, 370
44,251
136, 166
408, 953
Insurance written, ordinary, totaLthous. of dol
598, 217
New England
do
46 533
Middle Atlantic
do
160 635
138 612
East North Central
do
54, 634
West North Central
do
59 030
South Atlantic
do
25, 156
East South Central
.. _
- _ do
47, 986
West South Central
do
Mountain
do . 14, 517
51, 114
Pacific
do
Lapse rates
1925-26=100
567, 872
43, 149
159, 172
132, 728
53, 070
53, 054
21, 969
42, 665
14, 730
47, 335
574, 453
43, 976
158, 874
132, 454
54, 293
57, 784
20, 752
42, 825
15, 754
47, 741
571, 625
42, 416
157, 222
131,230
58,864
55, 897
21,857
41,550
15,154
47, 435
553, 086
41, 727
146, 613
123, 270
54, 290
58,094
24,711
44, 595
14, 956
44, 830
91
566, 061
40, 743
151, 409
129,284
58, 097
57, 633
22, 218
45, 349
14, 893
46, 435
528, 330
39, 632
133, 296
119, 572
54, 877
52, 751
20, 882
42, 674
15, 994
48, 652
503, 427
38, 056
129, 066
113,821
50, 238
51,668
20, 913
42, 647
12, 758
44, 260
573, 504
44, 112
1 58, 087
130, 687
56, 173
56, 987
21,624
41,778
14, 747
49, 309
505, 474
38,381
139, 103
115,940
47, 328
50, 654
19, 440
37, 908
12, 924
43, 796
596, 534
40, 072
159, 584
137, 459
58, 527
61, 072
25, 230
46, 644
16, 370
51,576
93
13, 444
855
765
3,647
394
78
1,051
282
215
56
85
523
25
359
119
460
6 128
2,049
771
95
11, 888
359
599
4,217
197
88
894
293
555
214
29
524
163
820
7
433
5,084
1,629
719
104
13, 483
552
836
5,983
294
172
1,052
765
354
127
503
185
24
600
619
1,288
4,501
1,611
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalt
mil. ofdol
Mortgage loans, total
do
Farm
do
Other .
._
_do. .
Real-estate holdings
do
Policy loans and premium notes.. _. do
Bonds and stocks held (book value), total
mil. of dol
Gov't. (domestic and foreign), total do.. .
U. 8. Government
do
Public utility
do...
Railroad
.
do
Other.. .
do. .
Cash
do
Other admitted assets
do_ .
Insurance written:®
Policies and certificates, total number
thousands. .
Group
.
do
Industrial
_
do
Ordinary
do
Value, total
.
thous. of dol
Group
...
_
.do
Industrial
do
Ordinary .
^ . ._
.
do
Premium collections, total®
do
Annuities
_ _
do
Group
do
Industrial
do
Ordinary ... _
.
do
816
43
514
259
4,052
1,653
2,383
515
439
219
573, 124
35, 744
126, 458
410, 922
285, 226
39, 681
15, 336
60, 863
169, 346
(Life Insurance Sales Research Bureau)
522, 762 537, 557
46, 549
43, 440
151,318 148, 981
121, 164 • 126, 136
49, 509
46, 963
49. 473
50, 217
19, 207
20, 201
39, 829
35, 973
12, 481
12, 348
43, 654
42, 876
MONETARY STATISTICS
Foreign exchange rates:
.298
.298
.298
.298
.298
.298
.298
.298
.298
Argentina
. dol. per paper peso
.298
.298
.298
.298
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
M67
.170
.169
Belgium
dol. per belga
(2)
(2)
.061
.061
.061
061
.061
.061
.061
.061
.061
.060
.061
Brazil, official
__dol. per milreis..
.061
.061
.301
.301
.302
.301
.301
.302
.302
.302
.302
301
.302
.301
British India
dol per rupee
301
.829
.801
.842
.810
.869
.855
.863
.850
.869
.869
.837
.866
.848
Canada
dol. per Canadian dol
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
Chile
. .
dol. per peso
.571
.570
.570
.572
.570
.570
.570
.571
.570
.570
.570
Colombia
do . _
.571
.571
.021
.020
.019
3.020
France.
dol. per franc.. (
(2)
(2)
(2)
(2)
(2)
(2)
.401
.401
.400
.400
.400
%0
.400
.399
Germany. _
dol. per reichsmark..
.400
.400
.400
.050
.050
.050
.050
.050
.050
.050
050
.050
.050
Italy
.
dol. per lira
.050
.050
.050
.234
.234
.234
.234
.234
.234
.234
.234
.234
.234
.234
.234
.234
Japan _
_
dol. per yen
.205
.167
.167
.167
.184
.199
.200
.203
.204
.205
.199
.204
.205
Mexico
. dol. per peso
.531
.531
1.531
Netherlands
dol. per guilder-(2)
CO
(2)
• (2)
(2)
(2)
(2)
(2)
.238
.238
.238
.238
.237
.238
.238
.238
.238
.238
.238
.238
Sweden
dol. per krona..
%8
4.032
3.526
3.602
4.034
3.759
3.274
3.805
3.979
4.033
4.034
4.030
4.036
4.035
United Kingdom
dol. per £..
Gold:
18, 433
21, 244
22, 116 ' 22, 232
18, 770
19, 209
19,963
20, 913
21, 506
21, 801
Monetary stock, U. S
..mil. of dol— 22, 367
20, 463
21, 995
Movement, foreign:
36, 628 -117,947 -39, 495
66, 976
Net release from earmark 1__ _ thous, of dol_. 212, 676 -213,447 ' 67,162 -36, 652 -437,234 -55, 064
7,417 -52, 812 -46, 153
3
3
6
8
4
6
18
33
3,563
1,249
10
13
17
Exports
do
118, 569 459,845 249, 885 438, 695 1,164,224 519, 983 351, 563 334, 113 325, 981 330. 113 137, 178 234, 246 108, 615
Imports
do
3
'Revised.
1 Average for May 1-9.
* No quotation.
Average for June 1-15.
1Or increase in earmarked gold (—).
J37 companies through 1940 and 36 companies in 1941 having 82 percent of total assets of all United States legal reserve companies.
<8>40 companies through 1940 and 39 companies in 1941 having 82 percent of total life insurance outstanding in all United States legal reserve companies.
fRevised 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 data, see p, 31 of
the March 1940 Survey.
.V
%
SURVEY OF CUERENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
33
1941
1940
March
April
May
T71TTVT A TV-Trf^TTI
MONETARY STATISTICS— Continued
Gold — Continued .
Production, estimated world total, outside
103, 950
U. S. S. R
thous. of dol
88, 059
Reported monthly, total ^
do
46, 006
Africa
do
15,045
Canada
do
16, 201
United States
do
Receipts at mint, domestic (unrefined)
fine ounces.. 275, 091 259, 423
8,924
7,511
Currency in circulation, total
mil. of doL.
Silver:
1,048
657
Exports
thous. of dol.._
5,724
4,489
Imports
do
.348
.348
Price at New York
dol. per fine oz
22, 501
Production, world
thous. of fine oz
1,786
Canada §
do
5,723
Mexico
_
do __
5,744
United States
do
Stocks, refinery, end of month:
2,447
United States
do
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.) t
' 246. 4
mil. of dol- _
' 92.8
Autos, parts, and accessories (28 cos.) _ do
37.1
Chemicals (13 cos.)
do
Food and beverages (19 cos.)
do
••17.0
Machinery and machine manufacturing
9.0
(17 cos )
mil of dol
4.5
Metals and mining (12 cos )
do
15.9
Petroleum (13 cos )
do
35.1
Steel (11 cos )
do
35.0
Miscellaneous (55 cos ) t
do
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
mil. of doL '61.7
Federal Communications Commission:
62.5
Telephones (net op income) (91 cos ) do
Interstate Commerce Commission:
Railways, class I (net income)
do
<*12.8
Standard and Poor's Corporation (earnings) : A
92.6
Combined index, unadjusted*
1926=100..
"109.6
102.5
Industrials (119 cos.)
do
<*7.7
Railroads (class 1)*
do
147.2
Utilities (13 cos )
do
June
July
August
Sep.
tember
DecemOctober November
ber
January
February
f \ ^-~* ^--S -~* -,, ~ ^
' 106, 890 ' 106, 400 '104,335 '110,285 '109,795 '106,960 '115,045 '109,725 '109,445
v 90, 940 v 90, 554 P 88, 281 P 93, 886 * 93, 777 P 90, 893 P 99, 023 v 93, 742 P 93, 072 P 91, 9l5 p 87,950
v 47, 516 v 48, 471 v 47, 022 > 48, 490 P 48, 717 P 47, 565 P 49, 053 P 48, 216 p 47, 794 P 48, 941 P 46, 214
14, 652
16, 360
15, 755 ' 15, 199 P 15, 199
15,982
15, 488
15,750
15, 795
16, 318
15, 416
21, 744
19, 692
16, 483
16, 391
19, 434
16, 646
14, 845
16, 035
15, 408
18, 849
17, 065
240, 003
7,559
233, 901
7,710
231, 486
7,848
368, 330
7,883
307, 780
8,059
341, 402
8,151
447, 526
8,300
397, 336
8,522
338, 006
8,732
263, 088
8,593
266, 601
8,782
594
5,170
.348
24,785
1,770
8,140
6,120
177
4,589
.349
22, 269
1,997
5,619
5,840
884
4,673
.348
23, 423
3,096
6,511
5,373
15
5,378
.348
23, 091
2,042
6,861
5,530
180
4,107
.348
22, 836
1,791
8,120
4,419
139
4,656
.348
'23,835
1,795
7,990
5,049
87
4,857
.348
'23,000
1,673
7,090
5,609
68
4,721
.348
' 23, 743
1,708
7,104
6,367
123
4,690
.348
319
4,576
.348
817
3,292
.348
1,642
4,568
6,499
1,557
8,750
5,733
6,009
1,385
1,870
3.424
3,997
1,605
1, 557
1,522
2,107
1,730
1,792
1,340
226.0
72.3
'32.8
21.0
§
' 184. 5
19.4
'30.2
17 7
8 2
288.7
87.2
31.1
25.9
12.0
8.6
9.2
65.2
49.5
9 0
3.9
12.1
38.1
' 36 8
'8 6
'58.8
' 36 9
52.0
44.2
54.4
61.9
55.9
62.9
4.7
1.6
68.5
124.5
87 2
95.1
0 9
136.4
'78.4
79.9
P40 7
f 109. 5
P 111.4
P 113.9
P71.2
P 105. 0
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month. _
mil. of dol_. 47, 173 42, 559 42, 663 42, 810 42, 971 43, 774 43,909 44,075 44, 140 44, 277 45, 039 ' 45, 890 46,090
Public issues:
40, 898
40,002
39, 102 ' 39, 908
38, 462
38, 502
37,605
38,337
38, 419
37, 531
Interest bearing
do
38, 386
37, 671
37, 625
592
554
557
568
577
591
566
584
589
593
541
557
Noninterest bearing
. do - 555
Special issues to government agencies and
5,683
5,534
5,426
5,370
5,102
5,209
4,775
4,853
4,934
5,063
trust funds
mil. of dol
4,585
4,471
4,496
Obligations fully guaranteed by U. S. Gov't:
5,916
5,914
' 5, 916 5,915
5,810
5,919
5,528
5,526
5,812
5,808
5,663
5,535
5,656
Total amount outstanding c?
mil. of dol._
By agencies :cf
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
1,269
Federal Farm Mortgage Corp
.do _
1,269
2,611
2,612
2,614
2,615
2,621
2,618
2,634
2,631
2,623
2,641
2,770
Home Owners' Loan Corporation __ do
2,627
2,763
1,097
1,097
1,097
1,097
1,097
1,097
1,096
1,096
1,096
1,097
Reconstruction Finance Corp
do
1,'096
1,096
1,096
Expenditures, total, including recovery and
relief f
thous. of dol 1,400,675 871, 554 792, 288 648, 814 933, 880 830, 599 708, 382 760, 286 870, 241 817,888 1,187,277 1,117,844 1,077,438
1,387,737 815, 963 756, 975 642, 330 883,092 699, 794 693, 620 757, 536 873, 936 819,821 1,172,540 1,091,428 1,054,387
General (including recovery and relief) .do
1,399
1,702
930
-486
5,072 -13,009 -8, 954 -4, 939 -22, 726
5,633
Revolving funds, net
.
_ _ do .
3,425
975
5,988
10, 000
17, 500
20, 000
0
0
20, 000
0 113, 520
25, 195
10, 000
0
20, 000
3,500
Transfers to trust accountsf
do
1,539
7,214
2,122
15, 223
1,244
792
1,704
47, 363
12, 212
2,576
9,325
49, 958
2,010
Debt retirements
do. _
1,566,871 934, 208 304, 203 399, 598 784, 218 367, 064 566, 388 711, 124 365, 351 484, 796 740, 929 371, 605 673, 690
Receipts, total _
. d o
1,566,408 799, 391 304, 203 399, 598 648, 323 331, 221 447, 196 710, 584 333, 258 362, 078 740, 226 339, 778 541, 352
Receipts, net* _
do
39, 950
33, 257
31, 630
29, 371
29, 783
22, 627
27, 923
28, 702
Customs
do
28, 101
25, 225
23, 630
26, 479
26, 251
1,513,017 886, 370 261, 772 356, 508 694, 932 326, 141 522, 813 672, 540 318, 578 438, 484 692, 937 319, 169 502, 046
Internal revenue, total
_.
do
Income taxesf
do .. 1,207,513 665, 487 47, 621 40, 197 463, 786 49, 655 37,645 431, 669 44, 039 48, 906 428, 722 62, 759 104, 408
34, 131
46, 613 193, 379
37, 614 138, 013
34, 498
39,098 139, 131
29, 437
Social security taxes
do
31, 749
30, 481
39, 194 137, 299
Taxes from:
1,881
2,098
1,910
2,021
2,194
2,208
1,734
1,684
1,646
1,633
2,001
2,391
Admissions to theaters, etc® _ _ do
1,791
801
1,025
1,271
772
887
1,306
669
486
784
1,833
488
Capital stock transfers, etc®
do
1,593
948
Government corporations and credit agencies:
12,645
12, 676
12, 518
12, 500
12, 398
12, 021
12, 092
12, 371
12, 410
12. 176
12, 116
Assets, except interagency, totaL.mil. of dol._
12, 085
8,614
8,639
8, 613
8,680
8,682
8,623
8,914
8,513
8,922
8,583
8,930
Loans and preferred stock, total..
do
8,470
Loans to financial institutions (incl. pre1,174
1,136
1,202
1,198
1,208
1,221
1,212
1,189
3,194
1,170
1,198
1,180
ferred stock)
mil of dol
523
518
512
515
524
552
553
513
516
521
515
517
Loans to railroads
do
2,424
2,395
2,387
2,387
2,336
2,390
2,323
2,342
2,348
2, 355
2,377
2,347
Home and housing mortgage loans.- do
Farm mortgage and other agricultural
' 3, 208 3,212
3,302
3,280
3,224
3,233
3,349
3,328
3,699
3,257
3,700
3,705
loans
..-mil. of dol_.
1,352
1,309
1,214
1,291
1,185
1,197
1,200
All other
do
1,298
1,187
1,183
1,140
1,160
U. S. obligations, direct and fully guaran'850
863
824
834
827
829
879
871
846
893
891
895
teed.
mil. of dol_.
599
600
597
562
567
569
601
593
570
559
558
555
Business property
do
1,190
1,094
1,081
1,113
1,141
1,067
1,067
1,206
1, 061
629
608
610
Property held for sale
do
1,392
1,367
1,296
1,312
1,260
1,043
1,075
1,25*7
1,313
1,103
1,187
1,123
All other assets
do
d
' Revised.
f> Preliminary.
Deficit.
•Number of companies varies slightly.
AFormerly Standard Statistics Co., Inc.
JA merger during the second quarter of 1940 reduced the number of corporations in the miscellaneous group to 54 and the total to 167.
® Excludes collections from national defense taxes under Revenue Act of 1940.
cfThe total includes guaranteed debentures of certain agencies not shown separately.
§Data reported by the Canadian Government have been substituted beginning 1940 for data previously reported directly by producers to the American Bureau of
Metal Statistics, as the latter data have been temporarily discontinued. Annual totals from the two sources have been in fairly close agreement but the monthly movement in the past has been quite different.
^Beginning with April 1940, where direct reports from foreign countries are lacking, available reports of the American Bureau of Metal Statistics are used. When no current reports are available at the time of compilation, the last reported figure is carried forward. The comparability of the data has been affected by these substitutions.
t Revised series. Data on total expenditures and transfers to trust accounts revised beginning 1937, and on income taxes beginning September, 1936; see table 50, p. 18 of
the November 1940 Survey.
*New series. For data beginning January 1937, see table 50, p. 18 of the November 1940 Survey.
34
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1941
March
May 1941
1940
March
April
May
June
July
1941
August
September
DecemOctober November
ber
January
February
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)-Con.
Governmental corps, and credit agencies— Con.
Liabilities, other than interagency, total
mil. of dol
Bonds, notes, and debentures:
Guaranteed by the U. S
do __
Other
do
Other liabilities including reserves do
Privately owned interests
do
Proprietary interests of the U. S. Government
mil. of doL.
Reconstruction Finance Corporation, loans outstanding, end of month: \
Grand totalt
thous. of dol 1,981,699
Section 5 as amended, total
.. - _ do _ . 773, 899
Banks and trust companies, including
105, 808
receivers
thous of dol
4,368
Building and loan associations
do
1,742
Insurance companies
do
172,
452
Mortgage loan companies . .
do
Railroads, including receivers
do __ 486, 877
2,652
All other under Section 5
do
Emerg. Rel. and Ccnstr. Act, as amended:
Self-liquidating projects (including financ18, 644
ing repairs)
thous. of dol
Financing of exports of agricultural sur47
pluses
thous. of dol
Financing of agricultural commodities
443
and livestock
thous. of dol
Direct loans to business enterprises (including participations)
thous. of dol . . 115, 827
Authorizations for national defense under
137, 171
the Act o' June 25 1940*
thous of dol
Total, Bank Conservation Act, as amended
thous. of dol_. 463, 248
83, 161
D rainage , le vee , irrig at ion , etc
do
389, 260
Other loans and authorizations!
do
CAPITAL FLOTATIONS
Security Registrationst
(Securities and Exchange Commission)
Total securities effective under the Securities
162, 828
Act of 1933
thous. of dol
2,397
Substitute securities*
do
0
Registered for account of others _
do
Registered for account of issuers, exclusive of
substitute securities. _
thous. of dol.. 160, 431
33, 033
Not proposed for sale
do
Proposed for sale:
Cost of flotation:
Compensation to underwriters, agents,
4,267
etc
thous. of dol. _
720
Expenses
do
122, 411
Net proceeds, total
do
To be used for:
46, 800
New money __ .
do
Purchase of:
23, 493
Securities for investment
do
0
Securities for affiliation
do
133
Other assets .—
do
46, 038
Repayment of funded debt
do _
540
Repayment of other debt _
do
Retirement of preferred stock. _ .do. ,. _ . 5,069
0
Organization expense
do
337
Miscellaneous
do
Gross amount of securities less securities reserved for conversion or substitution, total
thous. of dol. . 157, 514
Type of security:
82, 670
Secured bonds . .
do
0
Unsecured bonds
do
48, 422
Preferred stock
__ . do
2,151
Common stock
do
24, 270
Certificates of participation, etc.. ...do .
Type of registrant:
0
Extractive industries
do _
41, 013
Manufacturing industries
do
25, 976
Financial and investment ._ .
do
2,468
Transportation and communications, do
Electric light, power, heat, gas and water
87,
729
thous. of dol. _
329
Other
....
do
8,052
8,053
7, 912
7,977
7,842
8,400
8,403
8,406
8,579
8,526
8, 599
8,592
5,664
1,323
1,065
401
5,657
1,327
1,069
403
5,535
1,337
1,039
404
5,529
1,343
1,105
405
5,526
1,351
964
406
5,811
1,354
1,234
407
5,809
1,356
1,238
410
5,808
1,354
1,243
412
5,919
1,422
1,237
413
5,917
1,395
1,214
415
5,915
1,389
1,294
417
5,914
1,386
1,292
418
3,663
3,719
3,770
3,639
3,844
3,603
3,558
3,580
3,526
3,559
•• 3, 629
4,084
1,619,293 1,616,429 1,611,515 ••1,635,270 1,651,829 1,651,816 1,621,602 1 ,648,746 1,698,511 1,712,764 1,804,379 1,940,015
715, 979 718, 030 712, 328 720, 085 749, 921 753,087 715, 778 720, 324 751, 498 763, 653 770, 730 768, 580
33
93, 128
90,613 89, 008 87, 761 86, 303 85, 226
83, 898
83, 110 109, 214 115, 028 112, 026 108, 771
4,138
4,262
3,480
4,268
3,998
3,637
4,347
4,270
4,625
4,597
4,690
4,581
2,433
2, 354
1,906
1,790
2,389
2,331
1,998
2,313
2,176
2,105
2, 188
2,077
145, 436 146, 243 146, 846 145, 951 146, 637 149, 737 151,456 157, 094 159, 534 165, 118 168, 044 169, 027
467, 887 471, 747 466, 093 475, 856 506, 623 507, 627 470, 039 469, 769 472, 596 473, 881 481, 961 481, 977
2.753
3,615
3,889
2,795
3,839
3,360
3,401
3,775
3,612
3,554
3,684
3,498
37, 870
38, 540
40, 010
19, 915
19, 784
20,509
21, 262
31, 785
19, 581
19, 511
19, 486
47
47
47
47
47
47
47
47
47
47
47
47
747
675
625
525
521
520
520
445
445
443
443
443
130, 704
130, 466
130, 566
130, 732
129, 945
129,371
128,676
121, 678
119, 061
r
r
r
1, 010
2, 055
12, 844
127, 906
r
27, 316
126,008
T
63, 864
' 51, 387 »• 71, 249
19, 443
117, 464
r
93, 912
574, 558 570, 778 563, 561 564, 516 564, 744 559,420 556, 711 649, 195 468, 853
83, 231 82, 897
83,596 83, 299
83, 409
83, 507 f 83, 460
83, 223 83, 360
105, 797 ' 96, 524 ' 99, 242 ' 94, 599 ' 92, 772 ' 94, 141 115, 875 ' 90, 936 ••388,378
550, 091
83, 966
105, 796
552, 134
83, 723
97,028
548, 669
83, 740
98,851
70, 996
6,516
5,752
245, 723
8,753
25,382
102, 761
3,022
2,469
82, 577
5,694
418
200, 313
457
4,140
123, 242
422
32, 246
130, 581
15, 405
5,851
287, 456
5,743
3,369
161, 748
2,862
4,758
322, 618
0
4,859
415, 699
0
25, 150
183, 098
58, 727
11, 798
211, 587
78, 522
97, 270
0
76, 464
20,225
195, 715
429
90,574
16, 717
109, 324
14, 162
278, 345
22, 219
154, 128
46, 931
317, 760
25, 594
390, 549
24,620
179, 584
18,242
2,091
457
44,381
4,632
1,042
127, 391
3,126
511
93, 632
1,959
358
53, 923
4,523
1,182
189, 581
3,410
374
70, 074
3,248
657
91, 257
4,874
1,233
250, 019
3,747
695
102, 755
6,882
1,626
283, 658
10, 677
1,226
354, 025
1,174
874
159, 294
9,309
33, 863
18, 165
13,069
4,612
13,381
249
82
173
0
69,825 223, 900
1,934
681
18, 256
9,427
0
10
672
40
152, 842
0
0
154, 066
2,093
25, 711
0
1,148
0
1,372
0
128, 973
13,000
2,268
(a)
613
318, 856 1393,713
182, 543
to
3,514
11, 291
43, 361
8,252
4,293
22, 984
31,996
45, 432
14,899
10, 232
0
1,384
8,454
640
12, 248
0
132
3,943
0
0
53,532
7,818
18, 316
28
393
2,556
0
0
76, 621
6,105
99
0
0
9,030
279
0
38,155
8
2,139
0
18
2,016
0
200
161, 423
997
1,909
1
52
18,039
537
60
19, 181
60
0
5
196
4,363
152
20
37, 342
2,694
1,123
(«)
132
0
13
0
233,624
697
512
4
270
60, 474
225, 510
99, 739
76, 882
199, 591
116, 780
115, 167
273, 307
158, 886
13, 477
0
19, 366
19, 409
8,223
44, 217
53, 866
84, 509
38, 424
4,493
3,200
75, 000
5,039
14, 119
2,381
58, 144
0
2,254
6,799
9,685
105, 148
72, 000
11, 040
9,209
2,194
6,650
24, 878
16, 465
57, 917
10, 870
39, 541
22, 598
16, 016
19, 375
17, 637
230, 483
11, 429
23, 869
7,397
130
70, 607
1,766
24, 263
26, 578
35, 672
147, 045
107, 318
48, 907
15, 552
35
135, 365
60, 037
6,537
31, 826
5,598
133, 159
2,983
37, 565
8,832
5
1,957
21, 567
16, 768
9,210
10, 819
61, 839
14, 374
705
4,864
86, 112
2,745
3,768
75
5,726
9,835
4,337
3,974
81, 396
2,186
0
28
55, 205
19, 407
500
12, 750
38, 158
6,815
0
3,177
70, 097
1, 779
7,722
1,731
18, 243
49, 926
200
250
115, 944
19, 353
0
114, 377
162, 693
69, 488
0
24, 097
2,983
0
824
10, 150
84, 018
53, 755
0
2,250
54,700
2,210
111,676
359
13,319
28, 323
50, 386
7,058
189, 833
700
78. 052
10, 734
43, 668
3,487
151, 341
4,122
20
^
^
171, 360"
11, 740
Securities Issued t
(Commercial and Financial Chronicle)
Securities issued, by type of security, total (new
capital and refunding)
thous. of dol. . 406, 603 242, 239 344, 874 251, 390 227, 182 691, 472 282, 476 229, 314 710, 551 440, 266 605, 791 417, 197 341, 437
95, 321
71, 388 117, 587 122, 020
New capital, total
do
181, 711
77, 056
82, 728 397, 300 129, 776 113, 550 257, 391 263, 436 189, 899
Domestic, total. . _ .
. .
do
181, 711
95, 321
70, 638 117, 587 122,020
82, 728 397, 300 129, 276 113, 550 257, 391 263, 436 189, 899
77, 056
Corporate, total
. do. . 86, 034
61, 132
52, 789
30, 527
89, 287
9,771
53, 925
31, 550
46, 233
68, 006
47, 278 168, 699
67, 938
Bonds and notes:
15, 957
31,025
Long term
do
55, 372
79, 680
50, 208
7,307
43, 787
52 612
43, 783
24,851
63 728
21, 080 165, 756
0
0
0
100
0
0
330
0
0
1,000
0
Short term
.
do
910
637
1,154
3,700
29, 468
0
15, 253
3,752
864
9,703
65
1,096
13, 427
9,877
2,720
Preferred stocks
do
1,195
9,607
10, 870
7,547
1,489
6,645
1,096
16, 321
2,079
Common stocks
do
1,899
2,310
1,350
1,558
' Revised.
• Less than $500.
^Includes repayments unallocated, pending advices, at end of month.
JSee note marked "f on p. 35 of this issue.
i Includes $154,350,000 in face amount instalment certificates not included in the break-down by type of security.
t Revised series. Data on security registrations revised beginning January 1938, see table 47, p. 15 of the November 1940 Survey. Data on total loans of the 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. Data beginning July 1940 for "other loans and authorizations" also revised to exclude capital stock purchases in corporations created by the RFC to aid in national
defense, now included in authorizations for national defense. Certain other comparatively small revisions have been made in the grand total; currently such revisions are not
carried into the detail.
*New series. For data beginning 1938 for substitute securities, see table 47, p. 15 of the November 1940 issue. Authorizations for national defense include loans, participations, and purchases of capital stock in corporations created by the Reconstruction Finance Corporation to aid in national defense (only loans were shown in previous issues
of the Survey).
35
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1940
March
March
April
June
May
1941
August
July
SepNovem- December
tember October
ber
January
February
FINANCE—Continued
CAPITAL FLOTATIONS— Continued
Securities Issued J— Continued
(Commercial and Financial Chronicle)
Securities issued, by type of security— Con.
New capital— Continued.
Domestic— Continued.
Farm loan and other Government agencies
thous. of dol
Municipal, State, etc _. _
do
Foreign, total
do
Corporate
do
Government
do
United States possessions _
do ...
Refunding, total
do
Domestic, total
....
_ _ _.do-_Corporate, total
do
Bonds and notes:
Longterm
do
Shortterm
do
Preferred stocks
do
Common stocks
do
Farm loan and other government agencies
_thous. of doL.
Municipal, State, etc
_ . _ _ do _
Foreign, total
do
Corporate
_
do
Government
do
United States possessions
do
Corporate securities issued by type of borrower,
total
thous. of dol
New capital, total ....
do
Industrial
do
Investment trusts, trading, and holding
companies, etc .
thous. of dol
Land, buildings, etc
_.do _
Public utilities
do
Railroads
do
Shipping and miscellaneous
do
Refunding, total
do
Industrial _
do
Investment trusts, trading, and holding
companies, etc
. thous. of dol
Land, buildings, etc
do _
Public utilities
do
Railroads
_. do _
Shipping and miscellaneous
do
Domestic issues for productive uses (Moody's):*
Total
_ . _ _ .mil. of dol. _
Corporate.. ._ _
_. do
Municipal, State, etc
do
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short term) _
thous. of dol
do
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
_
mil. ofbu
Corn
_ _ do _.
9,440
86, 237
0
0
0
0
224 892
224 892
116 938
5 600
34, 511
5 500
58, 162
' 0
3 000
29, 733
2 250
70, 707
0
0
0
0
289 458
61, 608
o
o
61, 338
45, 544
112 099
98, 014
42 000
52, 737
o
128, 767
2,200
40, 332
8 125
37, 381
0
0
0
0
0
0
0
170, 850
170, 850
103, 799
227, 287
227, 287
192, 353
129, 370
129, 370
83, 810
144, 455
144, 455
101 476
294, 173
294, 173
225 623
152, 700
152, 700
111, 494
115, 764
112, 564
62, 465
453, 160
453, 160
345, 347
176, 830
176, 830
92 487
415, 893
415, 893
328, 212
321, 876
321, 876
267, 890
264, 381
264, 381
234, 412
87, 049
3,000
13, 750
154, 191
83, 810
96, 147
5,000
223, 116
107, 047
60, 449
331, 651
4,421
1,180
13, 651
248, 394
16, 670
2,286
216, 311
257
64, 475
2,000
25, 595
285, 649
31 607
4,000
92 829
17, 992
49, 059
26, 000
24, 099
3,200
85, 330
o
o
o
o
o
o
202 972
86* 034
26 612
0
106
39 061
3 120
17 136
1 1 fi Q38
43 150
Q
2 876
67 602
3 000
OflQ
102
CO
m
750
0
0
750
0
0
0
0
0
134, 327
30, 527
1,201
0
617
0
0
0
17, 350
17, 584
25, 150
20, 409
37, 546
0
0
0
0
246, 279
53, 925
22, 598
173, 097
89, 287
6,094
0
0
350
0
8,407
7,750
13, 169
103, 799
24, 250
16, 767
8,114
6,096
192, 353
50, 943
0
280
0
0
780
32, 269
35, 000
11, 500
45
26
0
1,000
41,236
82,252
16, 923
67
22
52
25
19
45
27
l /y>
87, 006
134, 808
66, 583
122, 245
51, 033
224, 706
439
58
743
35
901
112
921
134
633
199
886
186
910
192
702
239
247
252
27, 525
13, 681
0
0
0
0
0
o
0
0
0
0
271, 856
46, 233
4,772
179, 432
67, 938
23, 124
0
0
0
0
11, 256
15, 205
15, 000
225 623
93, 628
0
0
0
0
836
3,200
0
0
0
0
59, 465
24, 879
130, 471
68,006
17, 544
392, 625
47, 278
16, 268
261, 186
168, 699
2,834
0
0
0
40
18, 521
25, 576
6,325
62, 465
7,275
o
0
77
0
490
43,300
7,900
3,500
45
0
148
5,444
15, 258
10, 160
345, 347
86, 660
0
367
0
25
141,091
23, 840
909
92, 487
53, 586
0
428
3,592
23,438
1,329
10, 541
67
40
211
165
13, 700
36
7
82
39
100
53
103
63
40
27
246, 885
75, 692
178, 061
234, 366
89,291
77, 354
77,622
100, 957
432
70
495
92
451
81
653
223
642
213
267
261
43
0
0
0
0
207, 334
50,558
329
0
0
28, 050
79, 764
117, 466
829
0
0
0
0
416
0
0
90
200
0
0
0
0
0
38, 702
3,861
30, 232
14, 292
111,494
60,776
0
0
0
0
23,811
25, 300
1,530
29
r
o
4,217
2,000
0
427
o
A.Q
48, 400
20, 150
94, 020
5,000
0
o
28,870
14, 108
728
0
o
26
101, 476
1,700
2,960
1,500
0
2,250
111, 248
9,771
2,826
19,400
63,513
83,810
79, 350
o
500
0
0
500
0
329
o
0
0
0
0
0
0
0
0
o
0
703
17, 398
540
0
14, 300
73, 381
30, 800
23, 186
17,425
12, 544
o
0
0
0
0
389, 343
61, 132
18, 557
320, 678
52, 789
10, 243
265, 962
31, 550
6,311
0
0
0
0
0
0
4,944
12, 030
25, 601
328, 212
29, 575
4,000
1,202
220, 231
0
0
0
0
155
10, 575
30, 395
1, 421
267 890
95, 908
0
73, 204
3,837
134, 940
9,790
23, 415
139
28
80
47
0
46
111
182, 493
117, 406
79, 802
167, 225
202, 402
96, 146
360
62
360
66
406
91
283
68
228
47
631
215
635
218
653
203
666
214
677
204
381
383
661
207
256
268
269
280
281
47
0
0
0
0
33
0
65
6,527
18,010
637
234, 412
1,107
0
1,250
178, 824
50,718
2,513
51
27
24
* 78, 022 * 190,425
175, 389 ' 177,934
277
44
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)
Cash on hand and in banks
Money borrowed
Customers' free credit balances
Bonds
mil. of dol. .
_ do
do
do
387
268
615
626
459
251
376
376
368
370
427
634
199
399
375
275
267
Prices:
Average price of all listed bonds (N. Y. S. E.)
93.84
92.72
92.84
93.58
93.05
92.48
dollars. . 93.73
92.86
87.87
90.14
91.33
92.08
90.96
98.10
96.82
97.73
97.78
97.16
Domestic
do
96.55
96.51
97.03
94.93
95 72
92 47
95 62
96.56
45.07
Foreign.. ...
_. _
do. .. 46.28
45.81
45.60
45.47
44.86
48.86
43.28
43.07
52.77
39.09
40.64
38.38
Standard and Poor's Corporation: §
84.0
85.3
84.5
82.5
83.9
Composite (60 bonds) dol. per $100 bond
82.1
82.7
83.6
79 4
78.5
81.2
81.5
90.2
89.9
89.2
90.3
90.5
Industrials (20 bonds)
do
87.5
87.3
85 3
84 7
87 8
86 8
86 3
100.7
100.9
101.2
100.5
Public utilities (20 bonds)
. do
101.7
100.6
99.3
98.7
100.2
101.8
100.2
100.6
60.9
61.1
62.3
64.3
Rails (20 bonds)
do
58.2
61.0
59.7
53 5
57.2
57 5
52.0
57 1
129.3
125.6
127.3
127.7
Domestic municipals (15 bonds)
do
119.8
124.6
115.3
120.4
119.7
121.2
122.3
114.6
108.8
110.4
110.7
111.8
108.8
106.7
110.1
U. S. Treasury bonds t
do
106.7
104.9
106.3
106.7
104.8
107.7
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
91, 476
Market value
thous. of dol
67, 057
90, 317
94, 701 114,881 114, 606 125, 383 147, 635
81, 388
118, 851 102, 858 135, 784 149, 103
Face value ._ .. ._ _
_ ..do . 235, 872 163, 222 210, 816 219, 740 134, 597 121, 857 99, 101 148, 956 185, 154 186, 432 248, 906 276, 042 148, 219
On New York Stock Exchange:
75, 999
93, 532
95, 500 103, 243 125, 090
Market value
_. _do
96, 162
81, 857 108, 459 115,226
74, 484
65, 530
53, 571
78, 398
Face value _.
do
209, 379 135, 832 176, 998 179, 936 114, 651 102, 228
82, 424 129, 205 159, 704 164, 080 221, 475 248, 732 130, 068
Exclusive of stopped sales (N. Y. S.*E.),
face value, total
thous. of dol.. 214, 382 135, 239 165, 116 176, 105 102, 663 98, 120 79, 705 125, 965 150, 981 159, 006 211, 237 230, 987 123, 647'
2,224
2,422
2,707
2,206
1,597
2,496
4,323
2,131
1,417
3,285
2,337
U. S. Government
do
8,250
3,677
212, 965 131, 954 160, 793 167, 855
Other than U. S. Govt., total. .do
77, 368 124, 368 148, 485 156, 584 209, 031 228, 280 121, 423
98, 986
95, 989
199, 173 110,849 139, 547 144, 924
82,680
Domestic
do
81, 058
66, 566 109, 915 129, 460 139, 191 190, 149 212, 637 109, 265
12, 158
17,393
19. 025
22. 931
14. 453
18. 882 ' 15, 634
Foreien.
do
21. 246
17. 928
13. 309
13. 792
10. 802
21. 105
' Revised.
§Formerly Standard Statistics Co., Inc.
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. For data beginning 1931, see table 55, p. 17 of the December 1940 Survey.
SURVEY OF CURRENT BUSINESS
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
1940
1941
March
May 1941
March
April
May
June
July
1941
DecemOctober November
ber
February
August
September
53, 914
49, 399
4,515
49,239
47, 285
1,954
53, 913
49, 400
4,514
49, 643
47. 699
1,944
54,329
49, 966
4,363
50,438
48, 481
1,957
54, 237
49, 877
4,360
50,756
48, 768
1,988
54, 169
49, 820
4,349
50, 831
48, 871
1,961
54,139
49, 799
4,340
50, 374
48, 386
1,988
54, 225
49, 891
4,334
50,277
48, 307
1,971
January
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Value, issues listed on N. Y. S. E.:
Face value, all issues
mil. of dol Domestic
do
Foreign
do
Market value, all issues _
.
do
Domestic
do
Foreign
do __
Yields:
Bond Buyer:
Domestic municipals (20 cities)
percent - Moody's:
Domestic corporate _
..
. do _ _
By ratings:
Aaa
.
.
do ._
Aa
do
A
.
. . .
d o ._
Baa
do
By groups:
Industrials
do
Public utilities
do ._
Rails
do
Standard and Poor's Corporation: §
Domestic municipals (15 bonds)
do
U. S. Treasury bonds
do
53, 853
49, 313
4,540
50,006
47, 611
2,396
53, 646
49, 108
4,538
49, 612
47, 395
2,217
53, 414
48, 879
4,535
46, 937
45, 197
1,740
52, 879
48, 347
4,532
47, 666
45, 894
1,771
2.33
2.62
2.59
3.00
2.67
2.53
2.52
2.39
2.32
2.18
2.14
2.29
2.43
3.39
3.58
3.54
3.65
3.72
3.57
3.55
3.50
3.46
3.40
3.36
3.36
3.40
2.80
3.01
3.37
4.38
2.84
3.04
3.65
4.80
2.82
2.99
3.59
4.74
2.93
3.08
3.65
4.94
2.96
3.10
3.70
5.11
2.88
3.01
3.57
4.80
2.85
3.03
3.55
4.76
2.82
3.01
3.52
4.66
2.79
3.01
3.48
4.56
2.75
2.96
3.40
4.48
2.71
2.92
3.36
4 45
2.75
2.95
3.36
4 38
2.78
3.00
3.38
4.42
3.02
3.17
3.98
3.09
3.29
4.37
3.05
3.24
4.33
3.20
3.30
4.46
3.25
3.33
4.57
3.15
3.23
4.32
3.12
3.23
4.30
3.10
3.19
4.23
3.06
3.18
4.15
2.98
3.14
4.07
2 93
3.13
4 03
2 96
3.17
3 96
3.00
3.19
4 00
2.01
2.58
2.25
2.56
2.25
2.81
2.38
2.85
2.39
2.54
2.28
2.49
2.25
2.44
2.18
2.32
2.10
2.18
1.97
2 07
1.89
2 16
1.99
2 27
2.10
55, 746
51, 419
4,328
52, 252
50,249
2,003
53, 431
48, 903
4,528
48, 602
46, 762
1,840
Stocks
Cash dividend payments and rates (Moody's) :
Total annual payments at current rates (600
companies)
mil. of doL.1, 816. 13
Number of shares, adjusted
millions
938. 08
Dividend rate per share (weighted average)
(600 cos.)
.
dollars
1.94
Banks (21 cos.)
do
3.01
Industrials (492 cos.)_
.
. d o
1.92
Insurance (21 cos.)
do
2.54
Public utilities (30 cos.)
do
1.94
Rails (36 cos.)
do _
1.56
Dividend declarations (N. Y. Times) :
Total
thous. of dol
231 737
Industrials and miscellaneous
do
226 315
Railroads.
do _
5,422
Prices:
Average price of all listed shares (N. Y. S. E.)
Dec. 31, 1924=10054.1
Dow- Jones & Co., Inc. (65 stocks)
dol. per share . 41.60
Industrials (30 stocks)
do
122 52
Public utilities (15 stocks) .
- do
19 56
Rails (20 stocks)
do
28 03
New York Times (50 stocks) .
do
87 66
Industrials (25 stocks)
do .. 154. 86
Railroads (25 stocks)
do
20 46
Standard and Poor's Corporation: §
Combined index (420 stocks)
1926 = 100
Industrials (350 stocks)
do ...
Capital goods (107 stocks)
do
Consumer's goods (194 stocks) _._do ..
Public utilities (40 stocks)
do
Rail? (30 stocks) _ _
do
Other issues:
. Banks, N. Y. C. (19 stocks) . .
do
Fire and marine insurance (18 stocks)
1926 = 100..
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous of dol
383 348
Shares sold
thousands
19 169
On New York Stock Exchange:
Market value
thous of dol
318 750
Shares sold..
thousands
13 688
Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands
10 111
Shares listed, N. Y. S. E.:
Market value, all listed shares ....mil. of dol.. 39, 696
Numbsr of shares listed
millions
1 457
Yields:
Common stocks (200), Moody's
percent-6.1
Banks (15 stocks).. __
do
4 5
Industrials (125 stocks)
do 6 2
Insurance (10 stocks)
do
4.2
Public utilities (25 stocks)
do....
6.2
Rails (25 stocks)..
do
6.2
Preferred stocks, Standard and Poor's Corp.: §
Industrials, high-grade (20 stocks).. percent..
1, 631. 30 1, 643. 66 1, 680. 36 1, 690. 37 1, 694. 82 1, 713. 08 1,711.42 1,738.04 1, 781. 52 1, 792. 84 1, 791, 94 1, 796. 56
936. 43
936. 43
936. 43
936. 43
936. 43
936. 43
936. 43
936. 43
936. 43
936 43
938 08
938. 08
1.74
3.01
1.68
2.64
1.95
1.26
1.76
3.01
1.70
2.64
1.96
1.27
1.79
3.01
1.75
2.44
1.96
1.27
1.81
3.01
1.77
2.44
1.96
1.29
1.81
3.01
1.77
2.54
1.96
1.29
1.83
3.01
1.79
2.54
1.96
1.36
1.83
3.01
1.79
2.54
1.96
1.36
1.86
3.01
1.83
2.54
1.96
1.36
1.90
3.01
1.88
2.54
1.97
1.47
1 91
3.01
1 89
2.54
1 97
1 53
1 91
3.01
1 89
2.54
1 94
1.53
1.92
3.01
1.90
2.54
1.94
1.53
216, 350
213, 822
2,528
180, 341
176, 637
3,704
449, 981
420, 278
29,703
239, 426
223, 372
16, 055
194, 824
182, 232
12, 592
365, 553
347, 331
18, 222
209, 482
207, 354
2,128
221, 404
213, 843
7,561
685, 574
635, 110
50, 463
331 721
305 652
26, 069
218 317
204 574
13, 743
375 872
360 210
15, 662
64.3
64.3
50.2
53.1
54.6
55.6
56.7
58.4
57.0
57.2
55.0
53.8
49.15
147. 13
24.26
30.45
107. 66
192. 71
22.61
49.92
148. 91
25.09
31.00
109. 17
195. 13
23.22
43.48
130. 76
21.45
26.52
95.20
170. 95
19.46
39.99
119. 46
20.15
24.66
89.17
159. 61
18.72
41.64
122. 23
22.42
26.43
90.46
161. 49
19.43
42.50
125. 32
22.22
26.83
92.21
164. 48
19.94
44.40
131.46
22.18
28.43
96.27
171. 50
21.05
44.72
132. 39
22.07
28.83
97.29
173. 26
21.34
45.04
133. 90
21.22
29.36
95.86
170. 32
21.40
43.39
130 45
19 91
27 61
93 68
167 16
20 21
43.82
130 17
20 17
29 01
93 24
165. 43
21 06
41.21
121 68
19.37
27 54
87.07
154. 20
19 94
91.5
107.5
130.9
102.7
87.1
28.9
92.9
109.2
132.8
104.4
87.8
29.1
83.0
97.3
118.1
92.7
80.6
25.4
73.3
84.8
104.1
80.0
75.1
22.7
76.1
87.2
105.9
84.2
80.1
24.4
77.5
89.1
109.5
85.8
80.3
24.9
80.9
93.7
116.5
89.6
81.0
27.0
81.4
94.6
119.5
90.1
80.2
27.4
82.1
95.8
120.2
89.9
79.0
27.8
80 4
94.0
118 7
87 3
77 6
26 4
80 5
93.7
118 0
87.1
78 0
27 7
75 9
87.9
109 5
81.9
74 6
26 4
59.2
58.9
52.0
48.8
51.4
50.4
51.0
53.6
55.6
55 8
55 9
53 8
94.5
94.3
83.8
78.7
84.0
84.3
87.4
90.0
93.9
94.3
95.1
90.5
632, 095 1,134,340 1,438,207 560, 465
69,494
28,718 51, 103
25, 452
320, 860
15, 191
320, 913
14, 214
472, 742
20, 728
591, 703
24, 006
876, 452
37, 022
706 231
33 003
613 194
26 545
403 344
18 555
964, 608 1,242,999 487, 116
54, 517
20, 107
37, 599
264, 352
10,828
270, 471
10, 420
406, 925
16, 206
505, 193
18, 522
763, 481
29, 040
596 806
23 744
519 360
20 064
336 505
13 481
527, 777
20, 568
16, 269
26, 696
38, 969
15, 573
7,307
7,616
11, 941
14, 484
20, 893
18 400
13 295
8 971
46, 695
1,444
46, 769
1,446
36,547
1,447
38, 775
1,450
39, 992
1,454
40, 706
1,454
41, 492
1,453
42, 674
1 453
41, 848
1,457
41, 891
1 455
40, 280
1 455
39, 398
1 455
4.6
4.1
4.5
4.3
5.2
4.7
4.6
4.1
4.5
4.3
5.3
4.8
6.1
5.2
6.1
4.9
6.3
6.3
5.7
4.8
5.9
4.5
5.7
5.7
5.6
4.7
5.7
4.5
5.7
5.5
5.6
4.7
5.6
4.8
5.7
5.6
5.5
4.7
5.5
4.4
5.8
5.5
5.4
4 3
5.5
4.2
5.7
5.3
5.6
4.3
5.7
4.1
6.0
5.8
5.7
4 3
57
4.2
5.9
62
5.9
44
60
4.2
6.0
62
6.0
4 5
62
4.3
6.1
62
4.94
4.92
5.07
5.26
5.11
5.10
5.04
4.99
4.94
4.87
4.82
4.90
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number..630, 366
Foreign
do
5 742
Pennsylvania Railroad Co., total
do
Foreign
do
U. S. Steel Corporation, total
do
164, 687
Foreign
... do
2,664
Shares held by brokers
percent of total . 26.00
§ Formerly Standard Statistics Co., Inc.
635, 286
6,674
208, 705
2,712
163, 972
3,020
28.31
632, 398
6,544
207, 679
2,746
165, 193
2,745
27.57
631, 343
6 451
206, 907
2,742
164, 553
2,706
27.48
*
630, 812
6 404
205, 883
2,724
160 676
2 749
27.37
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the March
1940 Supplement to the Survey
37
194O
March
April
May
June
July
1941
August
Sep-
tember
DecemOctober November
ber
Janu-
ary
Febru-
ary
FOREIGN TRADE—Continued
INDEXES
Exports:
94
Total: Value, unadjusted .
1923-25=100
93
Value, adjusted
do
U. S. merchandise, unadjusted:
138
Quantity
-do
94
Value
do .
68
Unit value
do.. .
Imports:
83
Total: Value, unadjusted
_.
do
75
Value, adjusted
do
Imports for consumption, unadjusted:
133
Quantity
1923-25=100..
80
Value
do . .
60
Unit value
do
Agricultural products, quantity:
Exports, domestic, totahf
Unadjusted
.1924-29=100.Ad justed
do
Total, excluding cotton:
Unadjusted
do
Adjusted
do
Imports for consumption:*
Unadjusted
do _
Adjusted
do
VALUE §
Exports, total, incl. reexports
thous. of dol_. 357, 233
By grand divisions and countries:
35, 121
Africa
do
Asia and Oceania.
. do _ . 64, 753
10, 112
Japan
do
113, 233
Europe
_ _ _ _ _ _ _ _ do
1,329
France
_
do
Germany
do
W
o
Italy
__
do __
95, 509
United Kingdom
do
69, 898
North America, northern
do
68, 616
Canada
do
37, 200
North America, southern __
do
11, 745
Mexico
do
37, 028
South America
._ __ ..
do
6,400
Argentina
do
11, 992
Brazil _
do
4,463
Chile
do
U . S . merchandise, by economic classes:
Total
thous. of dol__ 350, 446
19, 658
Crude materials .
do
5,862
Cotton, unmanufactured
do
16, 793
Foodstuffs, total
do_._
4,262
Crude foodstuffs
do
Mfd. foodstuffs and beverages
do _. 12, 531
1,933
Fruits and preparations
do
3,317
Meats and fats
..
_
do
3,030
Wheat and
flour
do
60, 644
Semimanufactures . _
__
do
253, 684
Finished manufactures
do
29, 084
Autos and parts
_ _.
do
3,733
Gasoline
do
61, 604
Machinery .
do
267, 784
General imports, total
do
By grand divisions and countries:
11, 593
Africa
do
Asia and Oceania. „ .
...
do . 106, 303
10, 488
Japan
do
26, 100
Europe
..
do.
672
France
do
295
Germany
...
_ . . do. _
20
Italy
do
12,583
United Kingdom
do
38, 592
North America, northern
do
37, 834
Canada. . _
. d o
33, 948
North America, southern
do
8, 936
Mexico
do
51, 246
South America
. _. do._
12, 624
Argentina
do
13, 295
Brazil
do
7,917
Chile
_.do
254, 553
Imports for consumption, total
do
By economic classes:
106, 674
Crude materials
do
32, 892
Crude foodstuffs . . __
do
26, 652
Mfd. foodstuffs and beverages _
do
57, 936
Semimanufactures
.do
30, 399
Finished manufactures
do
92
91
85
90
85
91
92
104
83
95
92
100
78
74
91
74
86
75
85
80
86
84
80
88
132
92
70
123
85
69
124
85
69
136
92
68
126
84
67
135
92
68
115
77
68
136
90
67
127
86
68
126
85
67
124
85
69
117
80
68
67
60
66
61
65
64
65
69
72
78
68
71
60
63
64
63
69
69
78
79
71
70
72
73
106
65
61
105
64
61
106
64
60
109
64
59
115
68
59
114
67
59
106
61
58
117
67
57
120
68
57
130
75
57
120
70
58
118
68
58
59
66
45
60
34
49
28
41
29
47
24
31
21
18
33
23
25
19
23
18
17
16
20
22
53
59
39
46
33
41
34
44
38
49
37
41
27
23
36
29
29
25
29
25
26
25
30
33
103
92
101
97
99
102
95
101
111
120
112
118
99
102
118
118
122
129
131
131
137
132
135
131
352, 272
324, 008
325, 306
350, 458
317, 015
349, 928
295, 245
343, 485
327, 685
322, 257
325, 355
303, 413
11, 727
59, 299
17, 800
160, 050
42, 034
44
10, 083
51,890
49,700
48, 855
29, 167
8,394
42, 328
10, 821
10, 368
4,354
13,944
53, 220
15, 271
140, 240
45, 990
35
9,240
53, 339
55, 136
54, 373
25, 249
6,624
36, 219
8,326
10, 360
3,066
12,545
57, 898
13, 721
124, 527
39, 350
70
13, 234
49, 822
62, 738
61, 877
27, 265
7,472
40, 332
10, 770
10, 384
3,694
12, 325
53, 755
15, 421
144, 813
47, 237
0
1,603
77,868
67, 679
66, 796
26, 924
6,536
44, 961
14, 759
10, 641
4,244
12, 243
59, 146
15, 364
122, 837
206
(°)
16
108, 368
64, 486
63, 494
24, 163
7,110
34, 139
10, 650
7,205
3,110
12, 615
59, 734
25, 188
143, 754
89
15, 613
66, 957
26, 195
122, 003
8
0
12
107, 597
77, 886
76, 682
31, 556
10, 061
29, 471
5,151
7,176
3,389
16, 945
55, 894
16, 443
118, 695
(")
(0)
3
102, 375
65, 609
64, 262
33, 792
9,772
36, 749
5,920
10, 807
4,081
16, 624
60, 405
19, 343
116, 329
(°)
2
9
101, 253
63, 266
62, 439
33, 807
10, 554
31, 824
4,734
10,046
3,360
22, 047
54, 876
11, 588
126, 772
1
(")
125, 309
71, 800
70, 707
27, 888
7,198
34, 137
10, 170
7,522
3,543
14, 094
48, 405
17, 778
113, 523
72
0
90
103, 361
64, 626
63, 252
25, 673
7,697
28, 923
6,267
6,753
2,976
116, 631
62, 449
61,886
30, 022
8,507
29, 188
5,300
9,216
2, 955
19, 954
59, 498
11, 108
96, 336
375
0
(°)
77, 269
65, 233
64, 419
33, 010
9,824
29, 381
5,223
8,843
3,249
344, 559
46, 752
26, 583
25, 881
8,026
17, 855
4,087
3,240
5,752
73, 508
198, 418
29, 326
5,387
59, 726
216, 732
316, 520
40, 886
21, 086
22, 058
6,314
15, 744
3,927
2,762
3,381
65, 810
187, 766
19, 493
5,364
62, 864
212, 240
318, 051
40, 277
13, 526
14, 965
4,005
10, 960
1,608
2,056
1,993
74,490
188, 319
21, 337
6,110
58, 422
211, 382
344, 444
33, 589
8,295
17, 758
6,480
11, 278
2,209
1,764
1,536
76, 310
216, 787
17, 661
6,332
54, 496
211, 390
312, 337
31, 987
7,861
20, 407
7,706
12, 701
1,538
3,151
2,593
75, 545
184, 398
13, 964
3,966
48, 292
232, 258
341, 924
24,161
3,640
19, 170
5,819
13, 351
2,386
1,710
2,237
96, 863
201, 730
15, 645
4,365
56, 813
220, 217
288, 270
22, 724
5,138
15, 331
4,974
10, 357
1,813
1,729
2,153
78, 575
171, 639
15, 735
4,422
52, 658
194, 928
336,165
29, 188
10, 541
18, 360
7,528
10, 832
2,362
1,754
2,946
81, 421
207, 195
22, 531
5,827
61, 046
207, 141
321, 275
24, 600
7,703
14, 650
3,603
11,047
1,974
1,859
2,703
70, 651
211, 373
26, 828
6,897
62, 873
223, 430
315, 323
20, 453
6,417
13, 719
3,488
10, 231
2,638
1,837
1,686
67, 154
213, 997
24, 470
5,950
63, 327
253, 099
317, 953
16, 092
3,120
13, 746
2,887
10, 859
1,944
2,048
1,530
69, 989
218, 126
25, 379
6,101
60, 993
228, 636
298, 273
15, 234
3,800
16, 010
2,841
13, 169
2,098
2,495
2,103
56, 973
210, 056
24, 028
4,250
54, 426
233, 702
11, 322
76, 041
9,335
41, 160
5,170
392
3,968
14, 973
26, 401
26, 089
26, 957
6,402
34, 850
10, 466
8,122
4,134
206, 719
7, 958
77, 883
8,760
40, 883
4,220
357
4,953
12, 748
30, 475
29, 778
25, 993
6,652
29,048
5,084
7,079
7,012
202, 974
8,052
70, 057
9,283
38,215
5,351
231
4,210
12,115
36, 917
36, 180
25, 797
6,889
32, 344
5,067
9,282
6,143
203, 702
9,209
72,720
8,972
35, 876
3,222
251
4,053
15, 426
37, 802
37, 164
28, 491
10, 330
27, 292
4,743
7,579
3,590
205, 397
14, 849
86, 645
13, 362
32, 303
1,761
201
802
20, 299
39, 852
37, 976
24, 585
6,986
34, 024
5,175
9,004
8,583
217, 828
11,901
90, 795
13, 277
26, 566
655
183
158
13, 280
41,029
39, 467
19, 571
6,330
30, 355
5,170
8,396
6,372
214, 106
12, 581
86, 220
11, 124
15, 762
267
231
116
9,263
40, 569
39, 197
14, 722
3,876
25, 075
3,648
7,122
5,164
196, 312
9,714
89, 844
18, 361
18, 330
415
231
74
9,873
39, 163
38, 050
16, 440
5,105
33, 650
5,010
9,904
6,378
213, 133
13, 191
93, 250
21,676
24, 600
1,870
576
23
10, 428
44, 122
42, 533
14, 884
4,811
33, 383
6,902
9,340
4,435
217, 175
13, 663
105, 823
14, 033
26, 187
1,301
183
84
13, 610
43, 619
41, 913
15, 782
5,769
48,024
11,613
12, 711
6,709
238, 275
10, 203
91,417
10, 391
20, 119
493
531
25
9,742
36, 586
35, 486
24, 474
7,743
46, 837
11, 186
11, 644
4,999
223, 595
8,739
89, 698
8,127
17, 941
635
717
39
9,443
35, 428
34, 287
28, 072
7,516
63, 825
11, 732
15, 383
9,139
216, 623
77, 880
25, 636
22, 812
46, 596
33, 794
78, 125
25, 052
24, 539
42, 447
32, 810
70, 866
26, 095
27, 215
43, 337
36, 189
70, 511
23, 642
31, 275
45, 146
34, 823
85, 231
24, 924
22, 567
45, 414
39, 691
88, 495
21, 515
20, 588
50, 342
33, 166
80, 113
18, 098
19, 026
46, 510
32, 565
88, 904
22, 625
21, 176
46, 045
34, 383
93, 838
22, 695
22, 444
44, 383
33,816
110, 375
25, 931
19, 435
52, 009
30, 524
97, 633
30,291
20, 552
47, 131
27, 988
91, 805
31,211
22, 940
42, 208
28, 458
w
.
(a)
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
9,586
9,588
Operating revenue
thous. of dol..
9,837
9,528
9,415
9,632
10, 055
10, 624
10, 542
12, 701
10, 032
9,961
84
Operating income
do
75
61
71
82
77
69
87
67
68
82
78
Local Transit Lines
7. 8253
7. 8253
7. 8253
Fares, average, cash ratef
cents
7. 8253
7. 8253
7. 8253
7 8253
7 8253
7 8253
7 8253
7. 8253
7 8253
7 8253
Passengers carriedf
thousands 864, 644 822, 687 797, 619 810, 833 752, 776 724, 390 726, 151 762, 107 830, 741 801, 646 860 704 837, 903 777 294
59, 974
Operating revenues
__ thous. of dol. _
57, 872
59, 139
55, 935
53, 574
54, 097
58, 452
60, 542
58, 489
59, 579
62,623
56, 220
• Less than $500.
1 Revised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey. Passengers carried revised beginning January 1938; see table 13, p. 18 of
the March 1941 issue. Indexes of agricultural exports have been revised to a new base. Earlier monthly data will be shown in a subsequent issue.
*New series. Data beginning 1915 for indexes of agricultural imports will be shown in a subsequent issue.
§Data for 1939 revised; see tables 14 and 15, pp. 17 and 18 of the April 1941 issue.
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to |he sources of the data, may be found in the
1940 Supplement to the Survey
1941
May 1941
1940
March
March
April
May
June
July
August
1941
SepNovem- December
tember October
ber
January
February
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Steam Railways
Freight carloadings (Federal Reserve indexes):
67
Combined index, unadjusted... 1923-25=100..
83
70
Coal
.
. do..
91
73
Coke
do
114
44
Forest products
do..
54
69
Grains and grain products
^
do
74
31
Livestock
_
.
. . do._
31
60
Merchandise 1 c 1
do
64
26
Ore
do .
36
74
Miscellaneous
do
95
69
Combined index, adjusted
do
87
66
Coal
.
do..
86
70
Coke
do
109
43
Forest products
.
. ._ _ do.. _
53
75
Grains and grain products
- do
80
39
Livestock
_ . . _ do _ .
38
60
Merchandise, 1. c. 1
do
64
105
Ore
do
146
77
Miscellaneous
.. . ..
do.. _
99
Freight-car loadings (A. A. R.): \
Total cars
thousands..
3,818 ' 3. 124
' 627
Coal
do
818
45
Coke
do
70
160
197
Forest products
do
163
Grains and grain products
do
172
53
Livestock
do
52
741
797
Merchandise, 1. c. 1
.
do
Ore
do
69 r r 52
1, 282
1,643
Miscellaneous
- do _ _
188
Freight-car surplus, total
do
71
70
26
Box cars
do
85
Coal cars
do
23
Financial operations:
Operating revenues, total
thous. of dol._ 416, 319 '327,132
Freight
do . 346, 633 ' 266, 744
33, 262
Passenger
do ... 40, 030
283, 329 r r248, 635
Operating expenses
do
41, 463
Taxes, joint facility and equip, rents*. ..do
52, 363
Net railway operating income
do
80, 627 '37,034
* 4, 955
Net income
. ._ .
.. do .
Operating results:
31, 116
Freight carried 1 mile
.. mil. of tons
.944
Revenue per ton-mile
.cents, _
1,803
Passengers carried 1 mile
_ . millions
Financial operations, adjusted:*
328.7
Operating revenues, total
mil. of dol
265.9
Freight
do
35.6
Passenger
.
. do
289.9
Railway expenses .
do ..
38.8
Net railway operating income
do
*1.7
Net income
do .
67
63
62
44
70
34
fO
42
76
70
75
73
43
79
37
59
102
74
71
67
70
47
66
34
60
134
80
72
78
73
45
74
38
60
96
77
75
69
85
48
73
31
60
170
85
75
81
91
45
74
38
60
100
82
77
70
89
46
110
31
60
182
82
75
83
105
46
80
35
61
96
80
78
75
88
51
89
38
61
178
83
76
85
108
49
74
38
61
96
82
86
83
94
56
89
54
64
185
94
77
80
99
51
79
42
61
106
84
86
72
97
57
81
63
64
173
100
77
65
97
55
81
45
62
117
89
84
83
104
55
73
52
63
105
95
83
76
104
56
78
43
62
192
94
77
83
108
50
66
39
61
33
88
84
74
99
59
77
40
63
134
97
78
86
113
53
68
35
60
33
87
86
75
96
60
76
36
63
149
102
2,494
444
30
129
131
45
595
59
1,062
163
67
66
2,713
470
33
134
126
47
597
195
1,112
154
69
56
3,535
600
50
171
164
52
725
326
1,446
126
54
43
2,826
474
41
127
203
41
570
275
1,095
133
57
47
3,718
657
54
186
208
62
755
347
1,449
104
51
30
3,135
562
44
157
160
69
606
279
1,260
75
33
24
3 269
505
47
167
154
86
636
274
1,400
88
27
45
3,780
695
61
193
166
86
752
213
1,614
96
33
42
2,718
560
50
141
118
50
578
49
1,171
129
45
57
2 737
577
53
144
123
47
569
50
1 174
110
43
42
2 824
321, 439
265, 246
29,956
245, 818
41, 799
33,822
* 9, 261
343, 362
284, 634
29,742
252, 803
43, 483
47, 077
3,843
344, 813
280, 660
35, 936
252, 462
44, 932
47, 419
7,050
366, 078
300, 658
37, 732
261, 999
46, 974
57, 104
16, 042
381, 427
310, 645
40, 974
267, 505
47, 907
66, 015
21, 725
382,603
316, 125
36, 094
260, 179
48, 231
74, 193
30, 733
413, 590
348, 169
33, 465
276, 717
49, 885
86, 988
42, 654
375, 364
315, 204
31, 244
259, 455
44, 810
71, 099
30, 809
381,792
308, 350
40, 840
266, 134
36, 867
78, 791
51, 078
377, 374
309 580
40 159
268 969
46, 048
62, 357
19 705
358,413
296 146
36, 511
255 590
44, 344
58, 479
14,964
29, 903
.964
1,691
33, 086
.927
1,699
32, 908
.930
2,060
33, 713
.963
2,244
36, 398
.926
2,480
37, 058
.923
2,144
38, 614
.965
1,922
35, 949
.949
1,772
34, 904
.953
2,312
36 063
885
2 216
34, 182
328.3
269.9
32.4
289.0
39.3
rfl.9
341.8
281.4
32.5
290.4
5i.3
9.5
359.8
297,2
34.8
299.5
60.2
18.4
356.3
293.8
33.8
302.7
53.6
11.9
364.8
298.4
36.7
307.6
57.2
14.9
376.9
312.9
34.6
309.5
67.4
25.3
363.0
298.3
35.0
311.5
51.5
8.3
379.0
314.3
34.9
311.7
67.3
24.9
400.8
333.3
37.6
315.8
84.0
42.8
389 3
320 7
38 6
315.9
73 4
32.1
402 4
332 5
40 1
318 6
83 8
42 8
(i)
(i)
1,966
1 102
79
89
119
54
65
31
62
33
89
86
75
89
56
71
38
65
138
104
605
56
154
116
41
597
51
1 204
87
32
31
Waterway Traffic
Canals:
Cape Cod
thous. of short tons
New York State
do
Panama, total
.
thous. of long tons. .
In U. S. vessels
do
St. Lawrence .
. thous. of short tons..
Sault Ste. Marie
do
Welland
do ...
Rivers:
Allegheny
do .
Mississippi (Government barges only) .do
Monongahela
do
Ohio (Pittsburgh district)
do....
Clearances, vessels in foreign trade:
Total U. S. ports
; thous. of net tons
Foreign
do
United States
do
1,911
1,027
0
0
0
631
0
2,279
1,073
0
0
0
572
0
2,081
1,042
268
1,278
449
(i)
665
2,319
1,358
1,057
12, 250
2,051
CO
647
1,789
898
1,055
13, 455
1,913
0)
779
2,285
1.075
1.123
13, 842
1,832
(i)
625
2,418
1,202
1,008
13, 713
1,820
(i)
648
2,304
1,101
992
13, 003
1,616
(i)
804
2,418
1,133
1,070
12, 971
1,491
(i)
599
2,062
1,127
893
8,642
1,529
(i)
U
0
2,129
1,134
13
704
210
213
130
2,907
1,587
207
158
2,288
1,135
302
164
1,984
1,208
475
246
2,603
1,560
469
204
2,687
1,552
399
198
2,681
1,474
501
212
2,679
1,412
423
192
2,585
1,396
437
181
2,935
1,603
307
142
2,792
1,468
211
115
2,969
1,545
105
2 810
1,581
'100
2,532
1,424
3,981
2,532
1,449
4,637
3,231
1,407
4,759
3,078
1,680
5,845
3,751
2 094
5,915
3,908
2 007
6,340
4,241
2 099
6,331
4,307
2 024
5,405
3,727
1 678
5,433
3 679
1 753
5,040
3,376
1 664
3,840
2,544
1 296
3 839
2 653
1 186
3 636
2 319
1 317
(0
u
o
o
o
1,827
0
0
968
0
0
215
187
o
o
Travel
Operations on scheduled airlines:
8,332
7,930
Miles
flown
thous. of miles..
9,549
9,267
10, 121
10, 223
10, 084
9,573
9,142
10, 635
8 890
8 786
894, 581 871,317 941, 810 981, 884 1,056,999 1,201,999 1,184,249 1,329,843 1,205,261 1,323,615 1,113,002 1,109,352
Express carried
pounds..
195,062 224, 852 258, 451 286, 272 296, 539 320, 990 310, 293 334, 386 239, 858 202, 859 197 854 196 924
Passengers carried _
. .
number
80, 686
88, 062 100, 044 110, 840 112 377 121 602 118 534 125 924
Passenger-miles
flown
thous. of miles
78 387
90 697
78 340
75 168
Hotels:
3.18
Average sale per occupied room
dollars ..
3.40
3.27
3.10
3.19
3.24
3.39
3.35
3.47
3.39
3.26
3.32
3.24
65
66
62
Rooms occupied
percent of total
57
66
64
64
68
60
67
70
69
69
89
104
Restaurant sales index
1929=100
95
88
94
98
100
96
95
100
103
97
99
Foreign travel:
22, 822
16, 067
U. S. citizens, arrivals
number
12,905
17 254
15 692
16, 603
8 422
11 308
8 546
13 148
16 244
19 818
25, 113
16, 410
U. S. citizens, departures .
do _
11, 948
8,688
12, 354
15 569
9 692
6 862
7 626
10 960
7 868
19 726
1,459
1,192
Emigrants
do
993
1,189
1,641
1,310
1,317
1,110
1,648
1,777
920
1 681
Tm mi grants
do
6,373
6,923
4, 125
6,186
4 812
4 298
4 824
3 765
4 861
3 833
3 612
3 133
2,070
2,109
2,604
2,926
Passports issued
.
..
do__ . 2,897
2,848
2,435
1,913
1,628
1 503
1 820
2 511
1 943
National Parks:
Visitors
.
.
do
115,911 117, 430 124, 864 259, 368 539, 769 927, 757 933, 783 497, 149 252, 788
92 746
60, 475
83 296 100 237
38, 580
27 925
77, 869 166, 667 257 109 258 128 149 214
Automobiles
do
33 521 '32,956
79 194
28 997
18 335
23 544
Pullman Co.:
735,
316
635,
802
Revenue passenger-miles
thousands
570 836 685, 427 702 186 718 140 702 104 684 932 578 257 734 016 879 883 791 221
4,871
Passenger revenues
thous. of dol..
4,170
4,749
4,277
4,263
4,402
4,381
4,235
3,' 738
4,646
5^529
4,974
d
' Revised.
Deficit.
? source.
, 1940 and March 1941, are for 5 weeks; other months, 4 weeks.
-INOW ocuca. AUJUOI,CU u£ti,a vu uuauuiai operations of railways beginning 1921 appear in table 33, p. 16, of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data not shown in
the September 1940 and subsequent issues of the Survey may be obtained by deducting operating expenses and net railway operating income from operating revenues.
39
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
1941
1940
March
April
May
June
July
August
s
fft ep-
tember
Qctober
Novem- Decem-
ber
ber
110, 544
72, 118
29 343
77, 106
17, 933
19, 547
114, 761
73, 979
31, 471
January Febru
TRANSPORTATION AND COMMUNICATIONS—Continued
COMMUNICATIONS
Telephone carriers:
Operating revenues. .
thous. of dol
Station revenues
do
Tolls, message
do
Operating expenses ._
_ . do
Net operating income
do
Phones in service, end of month thousands
Telegraph and cable carriers:!
Operating revenues, total t
thous. of dol .
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol..
Cable carriers
do
Operating expenses!1-do
Operating incomet
do
Net income t
- do
Radiotelegraph carriers, operating revenues
thous. of dol-_
106,094
69, 716
27, 573
69, 675
21, 172
18, 896
107, 155
70, 469
27, 859
69, 842
22, 135
18,992
108 603
71,007
28, 693
71, 950
21, 391
19, 089
106 063
69, 741
27 424
68, 995
18,404
19 108
106, 593
68, 972
28 636
71,850
19,204
19, 138
107, 350
68, 749
29 722
70, 885
20,560
19, 211
107, 852
70, 117
28 781
69,711
113, 087
73, 025
31 034
72, 841
23, 004
19, 446
10,868
9 932
10, 661
9 687
11, 586
10 565
11,116
10 198
10, 773
9 906
10, 969
10 188
10, 648
9 882
11,442
10 622
591
936
9,554
594
973
9,321
661
1,022
9,816
1 035
569
918
9,621
433
781
9,783
415
766
9,695
397
293
443
<*61
9,409
441
821
759
466
543
867
9,873
1,239
1,177
1,149
1,083
1,110
626
123
1,072
641
145
1,116
d
204
16, 174
19, 334
503
94
114, 684
74, 214
111,219
72, 752
31,077
21, 988
19, 670
73, 934
22, 998
19, 833
29,250
75,650
10, 642
9 872
12, 557
11, 654
11, 182
10 294
10, 667
424
770
9,498
465
* 38
540
903
10, 586
1,291
872
494
888
9,821
614
96
9,290
1,267
1,179
1,348
1,290
1,253
1 012
536
70, 648
22, 974
19, 966
9,832
451
835
667
202
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption
thous. of wine gal. _
Production.
.
do.
Stocks, end of month
do
Alcohol, ethyl:
Production
thous. of proof gal
Stocks, warehoused, end of month.
do
Withdrawn for denaturing
do
Withdrawn, tax paid
do
Methanol:
Exports, refined
gallons. .
Price, refined, wholesale (N. Y.).dol. per gal_.
Production:
Crude (wood distilled)
thous. of gal_.
Synthetie
do
Explosives, ghipmp/nts
thous of Ib
Sulphur production (quarterly) :
Louisiana
long tons..
Texas
do
Sulphuric acid (fertilizer manufacturers) :
Consumed in production of fertilizer
short tons..
Price, wholesale, 66°, at works
dol. per short ton..
Production
short tons
Purchases:
From fertilizer manufacturers
do
From others
do
Shipments:
To fertilizer manufacturers. ..
do
To others
do
Stocks, end of month _ .
.do
13, 339
13, 192
1,313
9,494
9,524
1,392
9,791
9,994
1,591
10, 037
10, 037
1,586
9,625
9,707
1 662
9,497
10, 443
2 605
11, 195
11, 510
2 919
14, 157
13 694
2 445
15,566
15, 098
1 975
13, 544
13, 158
1 586
12, 441
12 215
1 360
10, 499
10 610
1 468
10, 558
10 556
1 465
21, 702
11. 127
23, 705
2,735
20, 983
20, 677
16, 730
2,012
20, 218
20, 957
17,610
2,035
20, 948
21, 921
17, 752
1,782
21 423
21, 799
17 490
3,380
22, 457
22, 393
19, 621
2,020
24, 094
23, 645
20 918
1,424
21 559
18, 480
24 218
2,045
23 350
13, 471
25 552
2,357
23 354
10, 027
23 110
2,959
23 762
9,503
22 056
2 128
24 224
11, 963
19 434
1 742
22 030
12, 166
19 070
1,766
94, 467
.34
326, 149
.36
35, 725
.34
21, 932
.34
53, 341
.34
74, 295
.34
228, 961
.34
198, 332
.34
162, 302
.34
191, 739
.34
267, 077
.34
14, 283
.34
102, 711
.34
455
3,673
35 722
507
3,463
30 189
442
3,486
32 204
437
3 409
34 475
426
3 426
32 877
390
3 852
33 340
408
3 788
35 036
366
3 549
37 180
463
4 408
37 740
468
4 440
34 444
484
3 913
450
3 420
36 080
435
3 171
33 631
138, 880
121, 820
546, 558
149, 995
525 157
137, 445
573 421
OO
AC-I
103 675
567 698
149, 303
140, 272
143, 742
137, 321
134, 050
153, 215
140, 444
169, 878
179, 677
178, 193
184 149
162 306
16.50
196, 290
16.50
192, 846
16.50
191, 643
16.50
176, 846
16.50
180, 553
16.50
194, 664
16.50
193, 243
16.50
222, 476
16.50
216, 290
16.50
223, 131
16.50
221 788
16.50
226 069
19, 383
23, 416
11, 991
27, 618
15, 692
27, 330
18, 013
36 029
24, 133
32, 517
30, 782
31, 476
33, 813
27 163
38, 361
25, 518
33, 220
36, 184
22, 941
32, 732
32 570
38 659
26 343
25 650
34, 685
55, 002
93, 231
32, 533
58 061
94, 820
37, 371
59 090
89, 282
34, 534
57 344
90, 971
44, 063
55 433
94, 628
45, 680
60 923
91, 732
42, 582
59 393
103 532
48, 635
65 817
105, 557
43, 014
57 475
110, 939
36, 377
74 927
100, 246
36 116
81 591
91 407
37 311
69 514
100 338
1,365
90 255
10, 674
74, 162
686
152, 323
134, 290
84, 337
1,086
14, 110
1,536
60, 332
14, 847
43, 311
722
178, 782
135, 839
86, 039
476
40, 094
1,125
65 798
20, 053
43, 167
748
144, 702
118, 515
89, 679
600
19, 553
329
108 207
20, 485
80, 484
544
146, 797
97, 020
79, 299
1,228
30, 197
122
90 061
15 379
66, 619
372
99> 002
83, 707
62, 598
3 386
10,349
72
122 837
21 021
86, 672
630
117, 250
109, 618
82, 342
9
7,441
61
178 474
30 321
128, 907
881
89. 891
75, 542
52, 703
3 136
8,829
142
144 348
29 729
100, 713
536
71, 038
61 456
37 610
364
7,787
189
148 135
15 773
111, 936
1,003
68, 208
63, 090
34 822
3 394
3
105
116 416
15 891
88, 409
428
63, 852
56, 362
28, 478
637
5,625
182
136 581
16 486
112, 063
330
62 706
50 245
27 718
3 179
7 903
518
109 654
9 336
87, 698
465
87 115
81 085
34 332
2 112
2 765
762
94 316
11 031
76, 333
498
95 474
92 203
40 254
353
1 436
1.470
1.450
8,303
1.450
6,548
1.450
7.521
1.450
27, 054
1.450
39, 212
1.450
37, 998
1.450
51, 213
1.470
46, 003
1.470
51, 644
1.470
36 833
1.470
51, 502
1.470
35, 536
351,009 338, 482
158, 717 221, 376
1,115,331 834, 900
339, 736
133, 372
906,650
327 169 323, 567 361,387 327 117 404 467 398, 341 425 118 408 192 384 548
61, 120
27, 584
45, 649
45, 389 130, 823
98, 210
55 997 110 438
43 192
945, 712 1,010,047 1,091,183 1,135,178 1,201,715 1,244,655 1 285 408 1 264 881 1 202 767
16.50
FERTILIZERS
Consumption, Southern States
thous. of short tons..
Exports, total§
long tons
Nitrogenous§. ,
.
d
o
Phosphate materials!
_
do
Prepared fertilizers
.
do
Imports, total§
do
Nitrogenous, total . . . .
do
Nitrate o f soda. _
.
d
o
Phosphates
do
Potash§
_ do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)
dol. per cwt._
Potash deliveries
_
short tons
Superphosphate (bulk):
Production
do
Shipments to consumers
_ do
Stocks, end of month _ .
do
NAVAL STORES
Rosin, gum:
Price, wholesale "H" (Savannah), bulkf
dol. per 100 Ib..
Receipts, net, Sports
bbl. (5001b.)__
Stocks, 3 ports, end of month _ _
do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal..
Receipts, net, 3 ports. _.
_.bbl. (50 gal.)..
Stocks, 3 ports, end of month _
do
1.78
2.38
7,710
544, 281
2.13
26, 679
522, 133
1.96
37, 792
516, 741
1.76
43, 411
529, 416
1.42
46, 132
519, 556
1.69
48, 389
524 212
1.61
40, 190
522 181
1.67
39, 820
528, 065
1.87
35, 018
542, 091
1.72
34,098
561 241
1.73
17, 906
560 045
1.65
11,941
542 446
.39
'.31
1,202
58,369
'.29
6,584
51, 215
'.28
9,429
50, 704
'.26
11, 302
53 345
'.27
12, 340
54, 488
'.28
11,496
55 809
'.31
9,762
51 053
'.35
8,364
44 961
'.39
7,793
44,488
'.38
6, 986
40 016
'.42
3,027
35 421
'.39
2,158
33 906
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (quarterly):
Animal fats:
269, 361
229, 509
Consumption, factory
thous. of Ib
231, 581
235, 774
672, 886
Production
do
688, 427
610, 030
508 543
600, 347
Stocks, end of quarter
. _
do
560, 537
633, 821
557, 921
Greases:
98, 639
85, 454
Consumption, factory
.
do
89, 978
82, 409
112, 203
Production
do
126, 451
109, 979
104, 520
134, 002
110,851
Stocks, end of quarter
do
122, 330
121, 217
d
' Revised.
Deficit.
tRevised series. Data for telegraph and cable carriers revised to exclude data for radiotelegraph carriers; for revised data beginning 1934, see table 48, p. 16 of the November 1940 Survey. Wholesale price of gum rosin revised beginning 1919; see table 3, p. 17 of the January 1941 Survey.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
SURVEY OF CURRENT BUSINESS
40
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
March
May 1941
March
April
May
June
July
1941
August
September
DecemOctober November
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Animal, including fish oils (quarterly)— Con.
Shortenings and compounds:
Production
thous. of Ib
Stocks end of quarter
do
Fish oils:
Consumption, factory .
do
Production
do _
Stocks end of quarter
do
Vegetable oils, total:
Consumption, crude, factory (quarterly)
mil. of Ib
Exports
thous. of lb._
Imports, total§
_
_
do
Paint oils
do
All other vegetable oils§ ._
do
Production (quarterly)
mil. of Ib
Stocks, end of quarter:
Crude
do
Refined
do
Copra:
Consumption, factory (quarterly) short tons
Imports
do
Stocks, end of quarter
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of Ib .
Refined (quarterly)
do
In oleomargarine
do _
Imports§
- - do
Production (quarterly) :
Crude
do
Refined
do Stocks, end of quarter:
Crude
- do _ _
Refined
do
Cottonseed:
Consumption (crush) ___thous. of short tons..
Receipts at mills
doStocks at mills, end of month
_ _ do
Cottonseed cake and meal:
Exports!
short tons. .
Production
do
Stocks at mills, end of month
do - _
Cottonseed oil, crude:
Production
thous. of Ib Stocks end of month
do
Cottonseed oil, refined:
Consumption factory (quarterly)
do
In olsomargarine
do
Price, wholesale, summer, yellow, prime
(N Y )
dol. per Ib .
Production
thous. of Ib.Stocks, end of month
do ._
Flaxseed:
Imports
thous. of bu, .
Minneapolis:
Receipts
- - do
Shipments
do
Stocks
do
Duluth:
Receipts
- do
Shipments
- do
Stocks
do -Oil mills (quarterly) :
Consumption
do
Stocks, end of quarter
do_Price, wholesale, No. 1 (Mpls.).-dol. per bu_.
Production (crop estimate)
thous of bu
Linseed cake and meal:
Exports§
- do
Shipments from Minneapolis
-- do
Linseed oil:
Consumption factory (quarterly)
do
Price, wholesale (N. Y.)
dol. per lb._
Production (quarterly)
thous of Ib
Shipments from Minneapolis _
do Stocks at factory end of quarter
do
Oleomargarine:
Consumption (tax-paid withdrawals) t.do
Price, wholesale, standard, uncolored (Chicago)
dol. per lb._
Production t
thous. of Ib
Vegetable shortenings:
Price, wholesale, tierces (Chi.)
dol. per lb-_
12, 685
57, 672
4,626
53, 046
273, 119
57, 250
287, 998
52,880
296, 179
48, 144
332, 320
53 700
63, 129
34, 015
203, 521
47, 402
5,843
166, 507
43, 958
42, 816
174, 462
51, 818
91, 722
199 458
914
15, 057
67,011
9,107
57, 904
910
9,178
66, 051
1,388
64, 663
8,804
71, 149
11, 944
59, 205
1 424
25, 831
78, 834
35, 633
45, 756
149, 761
55, 986
2,464
34, 266
10, 245
96, 629
19, 533
77, 096
11,695
74,854
10, 839
64, 015
713
684
861
754
20, 199
756
8,648
78, 214
15, 791
62, 424
558
18, 932
27,606
3,084
34,977
2,527
18, 150
70, 217
17, 454
46, 933
146, 156
58, 492
1,575
26, 729
622
9,680
57, 977
2,745
55, 232
540
13, 383
64,460
6,027
58,433
7,290
54, 366
1,300
53, 066
737
452
19, 137
20,578
1,261
36, 659
1,180
26, 286
57, 579
11,980
29,293
148, 245
56, 248
1,142
21, 684
1 012
9,318
68,389
1,625
66,764
1,184
8,758
51, 320
1 239
50, 081
37, 275
61, 097
437
60, 660
34,294
16 271
1,280
22,157
1 296
32 207
935
570
26, 861
30,584
1,464
36, 157
1,664
34, 412
69 664
27, 606
34 797
150, 410
52 296
1,528
40, 224
98, 519
70, 920
87, 781
69, 451
73, 038
75, 920
87 883
73, 938
196, 940
13, 407
202, 239
15, 083
209, 674
13, 772
242, 973
14, 123
373
147
617
293
89
317
173
28
172
101
26
97
57
23
63
42
18
40
77
125
86
353
599
333
700
1,407
1,040
644
766
1,162
544
657
1,276
560
361
1,076
458
225
844
6
165, 520
245, 634
112
135, 993
175, 093
116
83, 402
151, 995
52
47, 227
129, 173
31
26, 165
110, 909
1
19, 566
79, 501
140
36, 303
57, 539
40
155, 320
95, 884
140
312, 138
130, 714
138
286, 890
153, 465
185
239, 375
175, 700
91
248, 916
215, 358
54
201 822
252, 947
122, 833
167, 195
98, 075
186, 292
61, 574
142, 833
36, 438
98, 843
19, 396
66, 134
14, 123
37, 352
23, 158
24, 267
110, 592
80, 274
224, 625
148, 288
205, 192
182, 533
174, 151
176, 626
179, 475
176, 425
147, 702
176 281
13, 142
278, 034
9,021
8,188
8,468
316, 196
7,392
8,526
8,275
312, 007
9,956
11, 827
10, 908
328, 495
13, 107
13, 450
11, 626
.071
123, 772
505, 219
.067
114, 712
645, 875
.068
97, 318
640, 916
.064
79, 498
600, 480
.060
51, 091
553, 395
.060
45, 862
493, 658
.056
34, 262
412, 564
.056
46, 171
348, 042
.054
134, 368
356, 104
.057
158,418
400, 259
.059
168, 517
458, 335
.064
179, 925
484, 764
.062
145, 105
507, 248
1,223
1,972
1,199
1,434
521
661
628
24
704
1,093
769
1,482
1,285
718
74
3,620
127
88
1,751
176
132
1,237
209
172
701
161
123
519
42
38
248
7,307
1,180
2,816
5,813
347
7,073
1,226
234
7,363
388
452
6,232
407
251
5,410
476
71
4,739
414
133
3,952
159
(a)
593
2
1
32
56
0
88
170
180
78
53
0
130
63
183
10
1,566
244
1,333
2,293
1,691
1,935
517
674
1,778
537
2,042
277
61
220
118
168
11
275
159
1
434
1.80
7,892
3,356
2.08
2.11
1.97
6,637
3,148
1.78
1.58
1.50
6,943
7,038
1.48
1.47
1.59
10, 083
7,077
1.64
1
31, 127
1.78
1.75
2
27, 800
35, 688
14, 960
66, 237
15, 280
21, 538
13, 760
1,926
10, 440
56
18, 560
1,021
22, 760
159
29, 440
629
34, 960
282
32, 440
2
42, 920
1,512
44, 400
34
30, 760
.108
.105
.092
.087
.083
.086
13, 020
14, 000
14, 350
14, 550
16, 600
13, 250
.099
18, 900
85, 526
.106
150, 197
12, 960
172 800
98, 977
.099
128, 383
14, 450
132 881
101, 652
.084
135, 389
16, 600
115 135
100, 837
.088
192, 185
10, 850
153, 820
.095
.095
14, 350
14, 950
34, 328
26, 830
27, 582
24, 150
19, 517
22, 066
22,498
25, 719
29, 489
30,854
31, 118
33, 835
27, 869
.125
33, 880
.120
26, 661
.120
27, 411
.120
24, 703
.120
19, 870
.120
22, 021
.118
21,664
.115
26, 542
.115
30, 160
.115
30, 002
.115
32, 457
.118
34, 030
.120
28, 103
,097
.099
.096
.098
.095
.095
.093
.090
.086
.087
.088
.094
.094
150
44
208
35
182
43
138
259
r 146
••294
279
27, 326
20, 472
10, 785
9,686
6,854
33, 408
24,609
12, 206
12, 403
8,799
32, 53824, 013
12, 177
11, 837
8,525
PAINT SALES
Calcimines, plastic and cold-water paints:
247
213
215
302
202
272
193
218
140
Calcimines
thous. of dol
54
43
49
50
56
47
40
54
48
Plastic paints
do ._
Cold-water paints:
207
186
183
193
181
242
199
234
158
In dry form
do 320
311
316
251
295
382
413
302
273
In paste form
do
Paint, varnish, lacquer, and fillers:
34,991
33, 937
30, 370
36, 271
34, 056
37, 748
36, 206
41,722
30, 795
Total
do
25, 828
24, 101
22, 610
24, 278
24, 973
27, 347
26, 552
29, 744
22, 819
Classified total
do
9,895
10, 619
10, 502
12, 594
10, 080
10, 972
11, 051
9,776
11, 336
Industrial
- - do
16, 052
12, 531
14, 383
13, 599
15,580
18, 693
14, 354
14, 753
11, 483
Trade
do
7,759
10,
443
9,836
10,
018
10,
401
9,654
11,978
9,779
7,976
Unclassified
do
a
l
r
Less than 500 bushels..
^Revised.
________
December 1 estimate.
§Data revised for 1939; for exports, see t able 14, p. 17, and for imports, table 15, p. 18, of the April Survey.
^Production and consumption of oleomargarine revised beginning July 1939; see note marked "t" on p. 40 of the April 1941 Survey.
159
41
SURVEY OF CURRENT BUSINESS
May 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
March
1941
1940
1941
March
April
May
June
July
August
September
Dec-emOctober November
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption , _
thous.
Production
Shipments c?
Cellulose-acetate sheets, rods, and tubes:
Consumption . _.
thous.
Production
Shipmentsc?
__
Moulding composition:
. Production
Shipments t
of Ib
do
do . -
249
1,308
1,233
of lb_do
do
do
do
171
800
926
212
770
850
168
899
955
168
890
970
185
925
174
852
848
183
1,090
1,093
1,113
1,096
1,136
1,061
1,131
1,109
1,068
1.167
1,112
1,132
1,145
465
373
12
550
589
18
558
490
10
702
649
6
634
562
8
565
408
7
773
784
8
826
755
9
983
944
5
934
1,037
8
867
733
7
637
675
9
441
502
2,232
1,104
1,022
951
904
893
837
871
682
897
777
1,423
1,342
1,709
1,501
1,926
1,783
1,606
1,410
1,435
1,317
1,632
1,584
1,879
1,642
2,068
490
670
908
2,286
588
921
776
2,924
761
2,707
734
3,947
4,254
3 006
2 103
888
881
2 249
2 515
1,076
2,982
827
3,484
1,184
10
1,991
212
280
247
207
230
ROOFING
Asphalt prepared roofing, shipments:
Total
•
thous. of squares
Grit roll.
..
do
Shingles (all types)
do
Smooth roll
do
980
897
1,166
989
1,012
1,293
1,179
1,138
1,358
1,451
1,147
1,370
1,737
1,238
769
570
824
888
533
828
811
690
1,014
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. ofkw.-hr
Other producers
do
Sales to ultimate customers, total t (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 customersf(Edison Electric Institute)
thous. of dol
r
13, 388
11, 514
11, 193
11, 609
11,485
12, 091
12, 450
11,977
13,063
12, 771
13,456
13,641
8,983
7,583
7,006
4,603
7,270
4,215
7,931
4,159
8,482
3,968
8,124
3 853
9,404
3 659
8 737
4 034
9 058
4 393
9 054
4 587
r g 381
r 3 919
10, 616
992
10, 402
1,083
10, 937
1,154
11, 239
1,211
10, 678
1,299
11, 706
1,357
11 431
1 340
12 115
1 341
12 311
1 330
r 1 266
9,369
9,474
153
208
9,610
1,769
10, 099
1,828
10, 057
1,890
10, 402
1,922
10, 577
2 093
10 895
2 222
' 109
1,980
2 034
5 448
4 405
3,931
6,645
4,548
12, 061
1,327
10, 557
10, 277
957
916
9,327
9,270
93
124
1,921
1,770
1,856
1,758
4,611
1,787
1,742
1,798
1,799
261
1,820
155
221
482
63
4,799
143
215
468
62
4,827
130
215
439
58
4,908
136
212
444
61
197, 365
194, 415
193, 288
195, 746
195, 556
10, 052
10, 025
10, 119
10, 134
9,412
10, 154
4,537
174
226
538
68
288
260
1,915
5,186
1,926
5,117
180
1,886
131
165
222
442
35
5,447
189
233
488
58
5,369
201
237
504
61
201, 936
204, 421
207 034
214 161
219 913
10, 175
9,461
10, 252
10, 273
9,518
10 245
9 486
10 287
9 514
10, 106
305
028
902
121
37 950
17, 312
10 916
38
16
10
11
149
224
451
58
12, 293
11 027
217
248
551
67
GASf
Manufactured gas:
Customers, total
thousands
Domestic
.. . do
House heating
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft
Domestic
do
House heating _ __ .
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol
Domestic
do
House heating
do
Industrial and commercial _
do
Natural gas:
Customers, total
thousands
Domestic
do
Industrial and commercial
do _
Sales to consumers, total
mil. of cu. ft
Domestic
do
Indl., coml., and elec. generation. ._ do
Revenue from sales to consumers, total
thous. of dol
Domestic
--.
. do
Ind'l., com'l., and elec. generation
do .
9,334
246
460
35 873
17, 167
8,522
9,971
33, 728
21, 182
5,795
9,296
256
461
252
458
29,009
34, 182
16, 091
7, 255
10, 646
32, 075
15, 909
10, 414
2,205
9,669
32, 159
20, 906
4,518
31, 650
21, 943
3,102
6,615
6,598
7 480
7,459
6,886
571
6,902
575
9,383
263
460
5,584
6,493
7,477
6,920
555
16, 995
9,442
242
459
26, 792
16, 107
1,246
244
458
25, 310
14, 780
9,268
937
9,463
30, 250
22, 422
1,621
6,122
28, 387
21, 425
27, 075
20, 265
7,443
7,422
6,896
524
6,912
529
985
5,893
802
5,911
7 462
6,941
9,520
265
458
285
459
297
453
309
455
27 892
16, 791
1,251
9,701
30 939
17, 422
29,609
31,689
22, 788
2, 183
33, 106
21, 859
4 200
6,912
35 412
21, 971
6 232
7,061
35, 157
22, 204
1, 119
6,192
7 596
7 714
7 121
7 763
7 157
7 764
7 170
151, 963
54, 973
95, 184
7 524
520
6,997
525
2,863
10,464
6,597
7,044
551
34 114
15, 631
7,355
590
604
136, 886
49, 721
85, 604
121, 805
40, 069
81, 049
108, 434
30, 698
76, 522
95, 843
21, 403
73, 187
93, 287
17, 775
74, 355
95, 559
16, 141
77, 741
100 181
17, 363
80, 980
109, 818
22, 192
85, 726
125 664
33 874
89, 790
146 264
49 268
50, 136
31, 239
18, 609
43, 311
26, 299
16, 890
36, 722
21, 293
15, 226
30, 517
16, 372
13, 957
28,190
27, 910
13, 118
29, 104
13, 656
15, 226
33,296
41 144
22, 708
51, 230
30, 621
14, 093
13, 897
14,582
9,350
282
465
16, 521
26,541
18,168
94,956
20,328
9,608
10, 791
21,988
6,107
6, 918
591
56,464
34, 885
2], 321
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
5,124
5,485
Production . _ _
thous. of bbl.
4,434
4,385
5,597
5,851
5,074
4,001
3,915
3 396
3,606
3,863
3 660
5,320
4,187
5,856
3,786
3,811
4,884
5,393
4,300
Tax -paid withdrawals
do
4,194
3,765
3,777
3,200
3,185
8,255
9,127
9,019
9,324
Stocks
do
8 393
9,509
8 314
8,776
7 840
7 325
7 001
7 483
7 787
Distilled spirits:
7,581
13 232
13, 949
10,658
Production
thous. of tax gal
15, 475
13, 926
6 742
21 487
16, 701
17 567
15 712
16 015
15 131
Tax-paid withdrawals
do
8,458
8,398
7,793
7,522
7,634
4,850
10, 862
8,176
11,494
13, 173 ' 8, 958
6,043
6,974
879
866
748
775
1,824
702
504
770
1,386
Imports _.
thous. of proof gal . _
1,084
1,240
576
630
541, 932 517, 589 522, 515 525, 441 525, 395 523, 596 521, 601 519, 017 518, 638 518 358 522 699 530, 859 536 917
Stocks
thous. of tax gal
Whisky:
12, 602
5,200
Production
do
10, 588
11, 233
8,187
6, 762
11, 492
3,252
10, 303 11 761 12 265
13 532
12 658
8,331
5,773
5,827
Tax -paid withdrawals
do
6,637
6,461
5,475
3,617
6,354
7,331
8,982 10, 529
5,019
5 834
812
645
674
752
1,570
589
413
661
Imports
.thous. of proof gal- .
930
1,096
1,270
510
568
Stocks..
thous. of tax eal__ 495, 735 473, 278 477,873 480, 599 480,938 479, 189 477. 484 476. 980 476. 298 475. 611 479. 102 486. 133 491. 301
'Revised, cflncludes consumption in reporting company plants. ^Excludes consumption in reporting company plants.
fRevised series. Data on manufactured gas revised beginning January 1938 and natural gas beginning January 1937; see tables 24 and 25, pp. 16 and 17 of the May 1940
Survey. Electric power sales and revenue from sales will be revised beginning 1937. At present, revised data are available beginning January 1939.
• For monthly data beginning January 1920 corresponding to averages shown on p. 97 of the 1940 Supplement, see table 58, pp. 17 and 18 of the December 1940 Survey.
42
SURVEY OF CURRENT BUSINESS
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
May 1941
1940
March
March
April
May
June
July
1941
August
September
DecemOctober November
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
ALCOHOLIC BEVERAGES— Continued
Rectified spirits and wines, production, total
thous. of proof gal..
Whisky
do
Indicated consumption for beverage purposes:
All spirits
thous. of proof gal
Whisky
do
Still wines:
Production
thous. of wine gal
Tax-paid withdrawals —
do _
Imports
do
Stocks
do
Sparkling wines:
Production
do
Tax-paid withdrawals
do
Imports
- - - do
Stocks
...
do
DAIRY PRODUCTS
Butter:
Consumption, apparentf
thous. of lb_.
Price, wholesale, 92-score (N. Y.).dol. per lb__
Production, creamery (factory) t- thous. of lb__
Receipts 5 markets
do
Stocks, cold storage, creamery, end of month
thous. of lb_.
Cheese:
Consumption apparentf
- do
Imports§
-do
Price, wholesale, No. 1 Amer. (N. Y.)
dol. per lb._
Production, total (factory) f
thous. of lb__
American whole milkf
_
do _
Receipts 5 markets
do
Stocks cold storage, end of month
do__
American whole milk
do
Condensed and evaporated milk:
Exports: §
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. per case _ _
Evaporated (unsweetened)
do __
Production, case goods :f
Condensed (sweetened)
thous. of lb._
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of
month:
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)
do
Fluid milk:
Consumption in oleomargarine
do
Price, dealers', standard grade. dol. per 100 lb_.
Production (Minneapolis and St. Paul)
thous. of Ib _
Receipts:
Boston
thous. of qt
Greater New York
do
Powdered milk:
Exports
thous. of Ib
Production
do
Stocks, mfrs., end of month..
do
4,196
3,368
3,480
2,669
3,721
2,764
3,466
2,694
5,239
4,218
4,392
3,446
2,389
1,630
4,182
3,501
6,114
5,356
6,749
5,856
4,563
3,755
3,111
2,533
3,380
2,833
11,345
9,547
10, 513
8,663
10, 186
8,136
9,720
8,221
14, 691
12, 637
10, 142
8,348
6,413
5,003
10, 350
9,060
14, 525
13, 074
16, 856
15, 231
12, 293
10, 894
8,056
7,068
9, 116
8,108
141
1,932
6,332
247
116, 342
1,831
6,071
252
110, 706
1,712
5,782
306
105, 340
2,019
10, 429
665
93, 245
3,303
3,385
196
91, 237
22, 108
4,730
102
93, 969
100, 105
6,435
136
132, 148
105, 647
8,781
251
170, 183
35, 602
10, 273
216
172, 258
10 147
10 213
257
163, 774
2 082
6,682
120
157, 724
1 667
6,983
107
156, 038
6
46
17
20
532
45
18
26
556
90
24
39
619
83
34
101
660
28
18
29
669
34
20
18
680
50
52
32
678
54
84
54
643
73
125
36
589
82
162
45
492
62
39
10
512
63
34
7
539
!48, 596
.29
139, 240
54, 690
150, 073
.28
150, 750
62, 187
174, 873
.28
190, 875
68, 405
149, 559
.27
205, 310
77, 919
141, 021
.27
183, 830
73, 449
153, 223
.28
164, 030
58, 512
150, 219
.29
144, 205
55, 754
158, 235
.30
135, 435
53, 377
152,949
.33
115, 720
45, 580
157, TOO
.32
149, 690
59, 565
r
r
150, 747 ••148, 186 '143,902
.31
.31
.35
124, 540 136, 450 130, 825
56 582
53 126
49 659
8,875
9,504
25, 463
81, 005
123, 628
134, 266
128, 087
105, 106
67, 598
41, 497
67, 154
3,698
66, 201
4,073
82, 158
4,072
69, 686
3,363
62, 410
1,780
64, 059
1,377
65, 007
1,534
67, 856
2,093
57, 611
2,261
56 233 r 55 219
1,922
2*073
.16
.17
56, 000
60, 500
44, 635 •• 40, 665
11, 527
15, 122
109, 827 'T 75, 410
61,
983
97, 441
.15
66, 050
50, 260
11, 737
78, 706
65, 175
.15
87, 100
67, 995
12, 507
87, 555
73, 056
.16
93, 300
74, 790
15, 003
114, 362
96, 143
.17
84, 500
67, 770
15, 276
138, 049
115, 992
.17
73, 000
57, 680
13, 272
148, 173
125, 300
.17
64, 800
50, 975
14, 786
149, 309
127, 202
.17
60, 300
46, 050
17, 501
143, 633
123, 953
.18
48, 600
35, 520
14, 648
136, 574
118, 516
.19
46, 500
33 635
12 913
128 699
112 237
5,020
8 743
494
2,284
361
3,878
442
3,636
1, 194
4,550
4,589
15, 068
3,368
52, 964
3,402
16,017
5,387
4,572
4,347
6,034
3 294
4 434
3,637
4 162
4,235
7 178
5.00
3.20
5.00
3.10
5.00
3.06
5.00
3.00
5.00
3.05
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.10
5.00
3.10
5 00
3 20
5.00
3 20
5.00
3.20
9,414
203 624
3,474
199, 631
3,176
230, 370
4,816
276, 376
6,166
295, 724
6,741
260, 590
6,088
230, 991
6,608
196, 256
7,841
172, 036
6,166
133, 590
6,160
150 940
6,998
171 609
6,511
167 046
7,340
136 405
3,938
173, 378
4,014
207, 740
6,815
287, 778
10, 221
288, 565
10, 454
321, 332
9,728
349, 433
9,580
380, 545
9,115
358, 224
8,543
226, 266
8, 047
187 652
7,810
189 246
7,274
176 624
6 414
2.26
5,074
2.25
5,244
2.23
4,691
2.18
3,811
2.18
4,264
2.18
4,179
2.18
5,118
2.18
5,545
2.20
5,545
2.21
6 033
2.24
6 227
2.26
5 348
2.26
8,987
71 330
1,544
p
29,715 ' 16, 462
T 57 035
2,290
.17
.18
49, 100
50, 100
35, 695
36, 350
10 894
11 894
125, 308 rrl!9, 381
109 820 !05 153
42, 638
41, 113
45, 110
43, 470
34, 931
29, 883
27, 188
27, 925
28, 784
35 951
40, 605
39, 248
21, 598
131, 556
20, 309
122, 685
19, 601
120, 993
20, 992
128, 218
20, 370
126, 476
21, 505
126, 158
21, 381
123, 500
20, 344
126, 576
20, 928
126, 611
20, 397
125, 242
20 255
127 792
20 348
128 272
18 754
115 883
1,415
31, 271
36, 553
640
34, 052
29, 281
815
37, 507
33, 572
1,003
43, 852
35, 843
1,048
46, 646
40, 412
1,213
35, 859
42, 805
1,461
30, 291
46, 624
796
25, 535
45, 252
1,966
26, 913
41, 032
4,390
22, 819
36, 037
1,961
25, 459
34, 175
4,639
3,562
1,614
577
573
721
4,251
9,862
5,906
• 115 456
4 323
8,638
14,960
2,224
3,606
15, 511
1,611
1,135
13, 346
2,432
0
12, 320
2,636
0
10, 052
1,032
0
10, 150
1,195
8,890
7,854
2,307
31, 364
11, 664
2,938
34, 086
13, 419
1,753
28,656
16, 591
1 364
1 420
i 397,722
11, 490
1,770
1 390
26, 375 r 25, 770
33, 351 «- 35, 927
FRUITS AND VEGETABLES
Apples:
Production (crop estimate) 1 thous. of bu
Shipments, carlot _.
no. of carloads. . 4,218
Stocks, cold storage, end of month
thous. of bu._ 10, 603
Citrus fruits, carlot shipments-. no. of carloads. . 18, 541
1,763
Onions, carlot shipments
do
Potatoes, white:
1.488
Price wholesale (N. Y )
dol. per 100 Ib
Production (crop estimate) . thous. of bu__
Shipments, carlot
no. of carloads. . 25, 762
1.981
2.095
2.131
2.194
1.770
1.581
1.675
1.445
1.350
24, 792
18, 798
21, 879
22, 180
14, 417
7,799
12, 492
17, 917
12, 508
4,219
4,284
23, 014 r 17, 070
15, 604
20, 050
1 867
1,569
1 481
1 531
17, 552
17, 676
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, incl. flour and meal§
9,324
5,636
6,289
10, 673
6,630
3,825
thous. of bu._
4,244
5,789
10, 141
5,210
2,812
2, 559
3,279
Barley:
229
185
130
122
206
Exports, including malt§ ...
. d o
162
218
228
74
104
166
173
109
Prices, wholesale (Minneapolis) :
.51
.56
.57
.46
.52
.58
.51
No. 2, malting
dol. per bu_.
.45
.50
.48
.50
.54
.52
.51
.53
.55
.46
.41
.56
.45
.42
No. 3, straight
do
.50
.45
.51
51
53
Production (crop estimate)
thous. of bu_.
i 309,235
5,059
5,910
5,997
3,847
2,870
14, 155
6, 516
Receipts, principal markets
_ . do
8,406
7,117
6,628
6 357
6 496
7 877
6,561
13, 943
10, 883
8,809
6,956
5,598
10, 254
11, 074
9,682
Stocks, commercial, end of mo
do
11, 371
7,335
8 195
9 640
Corn:
1,867
4,139
40
6,701
1,467
1,261
Exports, including meal §
do
3,357
2,372
5,512
950
786 2 558
103
7,042
2 7, 800
6,324
6,874
7,607
6,390
5,940
Grindings
do
6 674
7 533
6 385
6 487
6 633 2 7 294
Prices, wholesale:
3
.58
.66
.63
.69
.66
.62
No. 3, yellow (Chicago) t
dol. per bu._
.66
.65
.64
.65
.64
.62
()
(3)
(3)
.66
.74
.77
No. 3, white (Chicago) .
do_.
.70
66
.69
.69
69
67
(3)
(3)
Weighted average, 5 markets, all grades
.62
dol. perbu..
.58
.64
.68
.66
.65
.66
.64
.58
.63
.63
.58
.59
«• Revised.
8
i December 1 estimate.
For domestic consumption only, excluding grindings for export.
3 No quotation.
^Production in "commercial areas"; not comparable with earlier estimates of total crop or "commercial" crop. 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.
fData for 1939 revised. See note marked "t", p. 42 of the January 1941 survey.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1940
1941
March
43
March
April
May
June
July
August
September
h
0
t 3ber
uct
Novem- December
ber
January
February
FOODSTUFFS AND TOBACCO — Continued
GRAINS AND GRAIN PRODUCTS-Con.
Corn— Continued.
Production (crop estimate)
thous. of bu .
18, 628
Receipts, principal markets
do
9,280
ShipmAT)ts, prinnipj^l markets
do
71, 290
Stocks, commercial, end of month
do
Oats:
274
Exports, including oatmeal §
do
Price, wholesale, No. 3, white (Chicago)
.39
dol. per bu._
Production (crop estimate)
thous. of lju
4,567
Receipts, principal markets. ..
..do
4,077
Stocks, commercial, end of month
do
Rice:
377, 894
Exports!
pockets (100 Ib.)
7,282
Imports
do__
Price, wholesale, head, clean (New Orleans)
.042
dol. per lb_.
Production (crop estimate)
thous of bu
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
721
thous. of bbl. (162 lb.)__
Shipments from mills, milled rice
1, 180
thous. of pockets (100 lb.)__
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
3,307
thous. of pockets (100 lb.)_.
California:
Receipts, domestic, rough. ..bags (100 lb.)__ 447, 277
213, 216
Shipment from mills, milled rice
do
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo. _ bags (100 lb.)-.- 378, 179
Rye:
(1)
Exports, including
flour
thous. of bu_.
Price, wholesale, No. 2 (Mpls.)._dol. per bu_.
62
Production (crop estimate)
thous of bu
792
Receipts, principal markets
do
5,269
Stocks, commercial, end of month
do
Wheat:
Disappearance
do
Exports :§
3,768
Wheat, including
flour
do
1,998
Wheat only ..
do_
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
.90
dol. per bu_.
.90
No. 2, Red Winter (St. Louis)
do..
.85
No. 2, Hard Winter (K. C.)
do
Weighted av., 6 markets, all grades. _do
.89
Production (crop est.), total
thous. of bu
Spring wheat
do
Winter wheat
do
9,432
Shipments, principal markets
do
Stocks, end of month:
438, 973
Canada (Canadian wheat)
do_
United States, total
do
141, 897
Commercial
do
Country mills and elevators
do
Merchant mills
do
On farms. ..
do
Wheat flour:
D isappearance (Russell-Pearsall)
thous of bbl
377
Exports§
do
Grind ings of wheat
thous. of bu._
Prices, wholesale:
4.89
Standard patents (Mpls.)
dol. perbbL3.71
Winter, straight (Kansas City)
_do
Production:
Flour, actual (Census)
thous. of bbl_.
Operations, percent of capacity
9,043
Flour (Russell-Pearsall)
thous. of bbl..
Offal (Census).
thous. of lb_.
Stocks, total, end of month (Russell-Pearsall)
thous of bbl
Held by mills (Census)
do
.
11, 996
5,955
39, 704
11,690
9,633
34, 142
13, 116
17, 316
24, 016
23, 411
14, 339
25, 419
22, 464
15, 126
25, 354
19, 231
12, 385
28, 119
28, 892
12, 617
41, 181
37, 609
18, 660
59, 314
21, 608
12,190
65, 489
228
57
83
105
66
69
59
74
87
.43
.43
.41
.35
.32
.30
.31
.34
.38
4,751
7,539
4,178
6,204
3,026
4,619
1,912
3,130
4,327
2,769
13, 287
8, 395
7,075
9,141
4,238
7,093
292 278
40, 905
287, 517
27, 572
289, 562
59, 860
294, 632
43, 357
246, 135
22, 711
190, 209
52, 240
247, 498
18, 406
245, 881
21, 221
347, 580
23, 675
.039
.038
.038
.039
.039
.040
.038
.033
967
919
844
366
283
280
970
1,080
1,135
954
772
1,019
1,041
748
22,449,200
20, 710
10, 433
70, 067
16, 433
9,050
70, 278
75
13, 862
7,091
70, 142
53
70
.38
.37
3,543
5,664
3,050
4,745
358, 185
16, 228
305, 908
8,421
423 116
7,933
.034
.035
2 52, 754
.039
.040
2,896
2,379
1,519
1,287
763
1,558
1,413
1,371
1,431
1,134
.38
21,235,628
5,337
4,031
6,592
6,688
2,994
2,890
2,632
2,084
1,647
1,170
1,183
2,667
3,746
4,012
3,964
3,699
293, 569
97, 009
328, 769
141, 744
387, 539
167, 697
231, 879
196, 394
319, 168
148, 390
473, 827
160, 879
488, 847
370, 380
376, 624
126, 523
203, 870
167, 276
289, 627
211, 149
264, 783
81, 855
342, 635
226, 943
445, 605
455, 143
455, 525
358, 843
367, 777
473, 481
400, 797
491, 976
429, 129
380, 200
431, 886
378, 074
272
.67
90
.70
112
.59
4
.45
1
.44
0)
.41
239
.44
2
.48
0)
.50
2
.50
2 40, 601
1
1,478
10, 138
1,448
10, 048
1,324
9,912
695
687
1,732
9,142
1,520
8,520
1,467
8,112
1,078
7,658
173, 068
9,506
9,037
6,728
3,704
3,837
1,833
2,239
1.04
1.06
1 02
1.01
1.08
1.11
1.06
1.06
1.01
1.04
227
.95
.97
6,640
2,206
1 835
632
3 686
1,876
2 976
3 044
988
4,431
1,293
4,069
549
301
.82
.87
.79
.76
.74
.77
.82
.83
.88
.90
.89
.92
.88
.91
76
.78
71
.72
934
69
.73
76
.78
.53
609
(0
.50
337
6,223
5,462
1,864
2 484
152, 779
220 504
152 547
713
C)
.82
.85
.85
.87
.83
440, 293
725, 128
169, 776
165, 167
106, 303
283, 882
.85
2816, 698
2227, 547
2589,151
9,652
16, 210
8,659
9,459
18, 525
12, 780
29, 319
21, 442
17, 925
15, 284
288, 391
437, 968
105, 401
80,817
94, 266
157, 484
280, 625
258, 939
255, 175
272, 360
415, 340
97, 670
160, 150
180, 052
352, 982
868, 207
18t>, 524
188 618
133, 319
359, 746
409, 356
105, 595
257, 131
297, 542
87, 327
33 730
90,964
85, 521
176, 390
166, 587
46
.90
.92
85
.88
56
.85
.86
78
.81
10, 025
8 085
445, 153
442 408
161, 088
152 598
8 338
8 227
5 778
5 756
9 443
8 902
9 889
9,022
9 061
8 063
37, 632
38, 694
35,079
38, 921
40, 474
9 377
'437
42, 268
9,117
37, 812
45, 319
39, 707
37, 078
40, 000
36, 575
5.70
4.79
5.77
4.86
5.32
4.55
4.64
4.19
4.48
3.84
4.17
3.71
4.34
3.88
4.62
4.01
4.66
4.24
4.52
4.16
4.70
4.09
4.54
3.58
8,320
54 1
8,581
657, 156
8,269
53.7
8, 454
656, 277
8,514
55.2
9,603
673,073
7,682
51 7
7,872
614, 992
8,504
55 1
9,528
681, 823
8,881
55 6
9, 587
705, 137
9,288
65 5
10, 264
735, 441
9,960
62.6
9,535
785, 828
8,737
59 1
10, 713
687, 760
8,166
55.6
9,495
630, 306
8,818
58 0
9,248
690, 728
8,063
60 3
8,505
630, 124
5 300
3,998
5 100
5 350
5 500
4,193
5 °00
5 450
5 900
4,601
5,750
5 825
5 700
.. 4,409
5 500
5 425
1,503
1,359
1, 6C4
1,576
1, 462
1,737
1,785
2,175
2,427
1,868
1,604
1,600
1,313
923
544
825
516
974
568
936
631
858
594
991
723
939
833
1,033
1,083
1,110
1,324
977
892
976
624
964
623
828
475
427
643
428
256
385
435
668
749
405
387
517
LIVESTOCK
Cattle and calves:
Receipts, principal markets -thous. of animals.
Disposition;
Local slaughter
do
Shipments, total
. . _
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Beef steers
dol, per 100 Ib .
Steers, corn fed
do
Calves, vealers
._
do
Hogs:
Receipts, principal markets. thous. of animals.
Disposition:
Local slaughter
.
do
Shipments, total
do
Stocker and feeder
..do
Prices:
Wholesale, heavy (Chi.). ...dol. per 100 lb_.
Hog-corn ratio
bu. of corn per cwt. of live hogs..
251
215
263
216
307
401
603
808
496
290
266
220
10.81
12.46
11.28
9.31
11. 34
10.69
9.46
11.22
9.93
9.83
10.89
11.31
9.69
10.33
9.59
10.44
11 02
9.85
11.00
11 33
10.41
11.50
11 47
11.53
11.87
12.09
10.97
12.06
12 21
10 50
11.85
12 61
10.58
11 90
13 08
11 94
11 27
12 55
12 50
2,649
2,710
2,595
2,674
2,650
2,259
2,177
2,302
3,113
3,595
3,787
3,039
2,513
1,941
1,964
1,868
2, 005
1,927
1,598
1,497
1,692
2,371
2,682
2 823
2, 148
1 817
48
49
43
48
33
33
37
36
42
47
40
58
4.94
5,46
5.66
5.04
5.99
6.23
6.59
6.41
6.24
6.42
7.69
7.60
8.4
8.4
7.6
9.2
9.2
9.9
9.8
9.9
10.3
13.0
12.8
700
7.53
749
12.4
8.7
i Less than 500 bushels.
December 1 estimate.
§Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey.
1
244
713
666
718
649
677
601
730
905
960
881
696
48
44
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
March
May 1941
1940
March
April
May
June
July
1941
August
SepNovem- Decemtember October
ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK— Continued
Sheep and lambs:
Receipts, principal markets.thous. of animalsDisposition:
Local slaughter ._
do
Shipments, total
do
Stocker and feeder
. ..
do..
Prices wholesale (Chicago):
Ewes
dol. per 100 Ib
Lambs
do
1,520
1,440
1,876
2,002
1,687
1,894
2,068
2,523
2,737
1,776
1,597
1,721
1,416
890
632
131
824
1,046
1,077
915
972
876
1,188
954
1,530
1,085
1,669
908
917
997
850
6.27
5.53
9.64
5.10
9.67
1,132
10 29
MEATS
Total meats:
Consumption, apparent
mil. oflb.
1,220
30
Exports§
do
Production (inspected slaughter) __ .. do
1,216
Stocks, cold storage, end of month
do
1,282
83
Miscellaneous meats .
do .
Beef and veal:
Consumption, apparent
thous. of Ib. 464, 831
Exports§
__
dO-__
1,512
Price, wholesale, beef, fresh, native steers
(Chicago)
dol. per Ib
.170
Production (inspected slaughter) .thous. of lb.. 449, 098
Stocks, beef, cold storage, end of mo do... 90. 462
Lamb and mutton:
Consumption, apparent
.
do .. 62, 465
62, 328
Production (inspected slaughter).
do
4,268
Stocks, cold storage, end of month
do
Pork (including lard) :
Consumption, apparent
do .. 693, 015
26, 747
Exports, total
_
do
24,329
Lard
- - do
Prices, wholesale:
.218
Hams, smoked (Chicago)
dol. per lb_.
Lard, in tierces:
.070
Prime contract (N. Y.)
. do
.081
Refined (Chicago)
do
Production (inspected slaughter), total
thous. of lb_. 704, 487
130, 029
Lardf
do
Stocks, cold storage, end of month,
do.-__ 1,104,966
784, 550
Fresh and cured
do
320, 416
Lardl
.- do
POULTRY AND EGGS
Poultry:
19, 324
Receipts, 5 markets
thous. of Ib
126, 885
Stocks, cold storage, end of month
do
Eggs:
Receipts, 5 markets . . thous. of cases.. 1,520
Stocks, cold storage, end of month:
1,091
Shell
thous. of cases. _
Frozen
thous. of lb_. 63, 430
620
89
828
156
917
169
779
132
921
214
4.16
9.63
3.84
10.16
3.45
9.14
3.50
8.75
1,167
1,200
1,144
1,152
1,228
1,165
1,100
101
1,133
1,031
87
1,200
1,010
77
1,177
1,034
79
1,122
974
77
1,068
796
67
1,051
662
58
1,349
632
53
425,409
1,325
467, 534
1,491
484, 143
1,366
441, 163
1,323
479, 493
1,076
480, 723
1,403
456, 800
1,280
.159
419,498
72, 560
.166
453,508
62, 020
.170
467, 179
53, 193
.165
429, 851
45, 972
.176
471,496
42,004
.183
469, 808
35, 663
54, 871
54, 677
4,257
57, 305
56, 657
3,580
56,647
56, 567
3,463
52, 427
52, 245
3,254
54,886
55, 019
3,342
651, 337
25, 356
20, 654
642, 696
23,806
18,849
659, 459
18,664
14,889
650, 297
15, 826
12, 697
617, 900
31, 472
28,239
.168
.168
.171
.173
.175
.178
.183
.063
.070
.066
.072
.060
.070
.060
.065
.064
.069
.055
.066
.055
.071
690, 347
130, 199
921, 510
652, 733
268, 777
622, 544
113,315
878, 008
611,956
266, 052
675, 942
121, 956
876, 512
592, 575
283,937
694, 535
121, 511
905, 296
598, 522
306, 774
595, 749
103, 983
851, 896
548,688
303, 208
541, 180
90, 525
689, 854
417, 564
272, 290
540, 486
84, 310
564, 904
329, 214
235, 690
747, 045
114, 789
526, 878
303, 712
223, 166
899, 321 1,021,219 788,844 666, 956
145, 387 181 917 138 836 117 714
646, 492 950 238 1 046 817 rl 118 552
408, 900 656 169 739 927 r791 910
237, 592 294 069 306 890 r326 642
22, 054
115,442
19,889
86, 226
26, 042
76, 904
28, 212
82, 336
26,892
82,415
32, 987
82, 178
34,087
90, 842
44, 248
114, 257
89, 802
159, 110
1,734
2,238
2,369
1,682
1,274
943
799
727
682
734
1 065
1 110
854
3,341
79,454
5,980
123, 793
7, 513
150, 366
7,784
154, 947
7,241
145, 653
6,040
130, 787
4,144
111,815
1,969
91, 273
614
297
73, 326
53 828
'307
r 45, 239
890
883
320
688
154
4.01
8 88
4.03
8 88
4 10
9 06
5 22
9 78
5 63
10 09
1,365
1,289
1 250
r I 069
1,442
788
66
1 200
' 18
1 550
1,164
102
1 356
1,258
98
1 139
'MIC
89
524, 736
1,508
463, 355
1,609
439 048
1 181
.192
452, 515
36, 303
.186
532, 165
48, 245
483,045
71, 508
469,265
106 990
496, 850
108 622
410, 821
r 98 444
57, 579
57, 457
3,192
57, 848
58, 108
3,411
69, 165
69, 618
3,817
58,705
59, 332
4,427
58 314
59,026
5,119
70 327
69,936
4,699
r 60 991
60,800
r 4, 448
689, 594
14, 158
10, 181
651, 872
13, 854
9,956
771, 486
14, 033
10, 198
766, 548
13, 555
10, 228
709 972
15 034
12 302
.183
.183
.183
.200
.052
.068
.053
.069
050
057
383
610
3.83
8 54
718
148
568
128
•
30
44, 199
28
21
19
35
17
1,167
16
17
17
190
193
068
88 005
208, 365
18
21
502 771 r429 195
1 079
1 003
193
180
677 365 r579 230
15 941
17 603
14 830
13 666
075
.218
062
075
27 933
19 159
191, 410 '163,321
TKOPICAL PRODUCTS
Cocoa:
Imports^
__
long tons ._ 32, 218 14,865 11,886 20, 119 22,288 41, 185 35, 396 24, 935 30, 053 30, 082 40, 548 33, 795 27,615
.0556
.0600
.0553
.0495
.0466
.0426
.0451
.0452
.0489
Price, spot, Accra (N. Y.)
dol. per lb_. .0718
.0534
.0578
.0520
Coflee:
1,162
1,342
926
703
847
1,576
733
804
1,050
1,094
Clearances from Brazil, total-thous. of bags..
1,306
1,455
1,136
717
539
944
1,428
571
606
650
708
896
912
To United States
.
do
1,149
1,214
975
1,339
1,443
1,274
1,226
2,012
1,393
1,148
994
1,247
1,386
Imports into United States§
do
1,605
2,260
2,010
Price, wholesale, Rio No. 7 (N. Y.)
.053
.056
.051
.055
.053
.053
.051
.051
.063
.052
dol. per lb__
.053
.057
.053
Visible supply:
1,018
1,053
997
895
992
975
1,044
997
1,099
United States.
thous. of bags. . 1,709
1.157
1,600
1,300
Sugar:
Raw sugar:
Cuban stocks, end of month
2,260
2,021
1,650
1,776
1,473
1,568
1,216
thous. of Spanish tons.. 2,421 ' 2, 251 2,501
1, 181
1,258
1,037
United States:
Meltings, 8 ports
-long tons 415, 675 333, 186 339, 755 351, 629 336, 579 380, 198 318, 357 368, 346 303, 215 350, 401 305, 978 307, 619 323, 430
Price, wholesale, 96° centrifugal (N. Y.)
.028
.028
.033
.028
.027
.027
.027
.027
dol. per lb._
.028
.029
.029
.030
.029
Receipts: From Hawaii and Puerto Rico
64,831 100, 932 123,983 125, 256 127, 822 136, 764 118, 252
long tons.. 143, 375 129, 878 156, 155 148,904
34, 554
95, 057
278, 863 211, 027 207, 784 222, 532 232, 048 221, 696 198, 490 143, 034 145, 042 175, 548 113,186 236, 098 276, 810
Imports, totalj§. do
222, 179 157, 045 143, 329 129, 006 148, 833 155, 545
98, 623
90,986
73, 155
91, 442
From Cubat
.do
51, 607 148,938 164,919
49,971
60, 535
93, 447
79,824
54,357
99,852
66, 140
52,041
71,884
79,097
From Philippine Islands^
do
45, 955
83, 458 106, 397
312, 053 501, 547 500,912 557,928 557, 564 487,637 474,426 412, 105 315, 501 295, 661 277, 946 276, 034 296, 796
Stocks at refineries, end of month.. do
.Refined sugar (United States) :
19,001
4,560
18, 392
38,636
10,977
15, 132
2,034
7,420
3,995
6,305
2,996
6,720
993
Exports
do
.052
.051
.050
.051
.050
.050
.050
.050
!050
.050
Price, retail, gran. (N. Y.)
dol. per lb..
.050
.050
.050
.048
.044
.044
.044
.044
.044
.043
.043
.043
.043
.044
Price. wholesale, gran. (N. Y.) . do
.043
.043
Receipts:
271
3,991
1,109
1,406
1,654
2,054
22, 737
From Hawaii and Puerto Rico. long tons.. 29, 442 28,710 26, 245 29,115 13, 755
2,366
47, 461
35, 073
53, 878
45, 750
37, 488
40, 129
43,668
35,298
25, 983
10, 076
12 976
904
23, 361
Imports totalj
do
41, 532
38, 471
31, 278
45,689
35, 273
32, 048
37, 562
241
7,477
20,251
29, 711
24,994
6, 155
From CubaJ
do
7,261
5, 911
2,187
3,794
8,178
8,066
6,023
5,571
960
1,362
479
5,207
2,857
From Philippine Islandst
. do
6,197
8,056
8,630
4,921
6,510
7,316
7,176
7.783
9.030
9.364
8,863
9.385
7,838
Tea, imoorts
.
thous. of Ib..
' Revised.
tRevised series; revisions beginning January 1937 appear in table 8, p. 18, of the January 1941 Survey; see also note marked "V which applies to both production and stocks.
t Monthly figures beginning 1913, corresponding to the monthly averages shown on p. 113 of the 1940 Supplement, are available on request.
fan accordance with new definitions effective November 1, 1940, fats rendered from hog carcasses formerly reported as "lard" are now reported as "lard" and "rendered
pork fat." The two are here combined to have figures comparable with the earlier data.
§Data for exports and imports revised for 1939; see table 14, p. 17, and table 15, p. 18, respectively, of the April 1941 Survey.
May 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
SURVEY OF CURRENT BUSINESS
1941
March
45
194O
March
April 1
1
May
June
July
1941
Sep- October Novem- DecemAugust tember
ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers ~.tbous. of dol._ 21, 227 18, 216 16, 212
Fish:
Landings, fresh fish, prin. ports.-thous. of lb__ 37, 224 ••25,394 20,344
Salmon, canned, shipments
cases. .
198, 816 603,249
Stocks, cold storage, 15th of month
thous. oflb.. 49, 458 45,592 34,835
Gelatin, edible:
Monthly report for 7 companies:
Production
_ do
1,949
2,029
1,850
Shipments
do
1, 618
2, 545
1,737
Stocks...
_ do
6,716
7,009
5,240
Quarterly report for 11 companies:
Production ...
_
do .
7,515
Stocks
do
10, 287
TOBACCO
Leaf:
Exports, incl. scrap and stems§.. thous. of lb. 19, 404
Imports, incl. scrap and stems§
.do
7,087
Production (crop estimate)
mil. oflb .
Stocks, dealers and manufacturers, total, end
of quarter
_. . . mil. oflb
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):
15, 529
Small cigarettes
. millions
Large cigars ._
...thousands.. 430, 326
Manufactured tobacco and snuff
thous. oflb.. 28,253
Exports, cigarettes!
thousands 685, 139
Prices, wholesale (list price, destination) :
Cigarettes, composite price.. dol. per 1,000.. 5.760
46. 056
Cigars, composite price
do
Production, manufactured tobacco:
Total .
_ _
thous. oflb
Fine cut chewing
do
Plug
.
do
Scrap chewing
do
Smoking
do
Twist
do
32,550
5,159
15, 912
5,790
15, 953
12,268
12, 820
15, 679
23,409
24, 111
24, 159
22, 709
19,076
20,411
26,603
86,061
35,583
204, 827
55, 715
375, 008
51,461
880, 148
44, 624
794, 289
40, 836
817,370
36, 070
463,549
31, 518
728, 566
22, 027
530, 784
29, 189
421, 338
33, 756
45, 473
62,062
76,479
86,321
94, 006
95, 531
100, 088
86, 880
' 71, 158
1,688
1,711
6,985
1,587
1,622
6,950
1,229
1,715
6,464
1,150
1,674
5,940
1,160
1,399
5,701
1,397
1,595
5,503
1,625
1,636
5,492
1,856
1,775
5,574
1,806
1,617
5, 763
1,686
1, 513
5,935
14, 844
6,268
14, 930
4,898
32, 616
6,770
20,965
6,425
6,364
8,421
4,700
8,600
6,971
10, 362
15, 533
7,780
14, 360
7,329
7,644
6,239
3,329
3,031
3,123
402
268
378
227
358
207
11, 526
6,734
11, 836
5,365
18, 947
7,091
i 1, 376
3,435
321
202
2,519
2,290
2,431
2,789
18
119
19
112
18
106
18
102
3
3
4
3
13, 021
397, 490
14,820
425, 140
16, 275
469, 313
17, 565
435, 029
15, 913
460, 523
15,840
487,641
14, 890
475, 725
16, 448
583, 508
14, 347
507, 349
13, 815
349, 780
16, 287
403, 166
14, 465
385, 349
27, 550
537, 206
28, 481
509, 420
29, 924
803, 312
27, 660
604, 312
29,333
406, 076
28, 849
639, 101
28,729
285, 106
34, 718
533, 455
28, 596
472, 923
24, 758
597, 390
28, 958
626, 129
25, 202
584, 281
5. 513
46. 056
5.513
46. 056
5.513
46. 056
5.513
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
24,045
25, 554
26, 889
24, 167
26, 887
25, 933
26,300
31, 133
25, 704
22, 941
25, 153
22, 630
4,278
3 507
16, 949
4,331
3 539
18, 004
4,115
3 187
16,082
4,521
3 985
17, 460
4,225
3 807
16, 949
4,145
3 525
17, 762
4,195
4 009
21, 950
3,942
3,256
17,642
3,681
3,196
15, 227
3,882
3,636
16, 752
3,748
3,347
14, 719
335
3,806
3,363
16, 087
454
362
458
512
503
367
416
432
489
456
497
398
478
443
536
421
442
380
456
426
457
355
461
FUELS AND BYPRODUCTS
COAL
Anthracite:
159
146
141
153
329
282
167
222
121
221
363
121
180
Exports.
-. . thous. of long tons
Prices, composite, chestnut:
11.59
11.67
11.66
11.57
11.04
Retail
_
.... dol. per short ton
11.41
11.66
11.48
11.37
9.823
9.793
9.826
9.462
9.775
9.278
9.333
9.584
9,805
Wholesale
do
9 636
9.388
9 769
9.558
4,699
' 4, 432
4,977
3,869
4,234
3,957
4,367
3,746
Production
..thous. of short tons.. 4,596
4,408
3,775
4,056
3,773
Stocks, end of month:
704
531
939
1,112
1,164
1,279
137
1,112
91
506
953
In producers' storage yards
do
128
In selected retail dealers' yards
45
33
26
24
46
49
57
37
17
40
56
51
number of days' supply
Bituminous:
518
454
488
1,849
1,488
658
602
1,065
2,081
Exports.
thous. of long tons
1,806
1,091
1,231
1,948
Industrial consumption, total
thous. of short tons.. 34, 078 28, 538 26, 072 25, 741 24, 988 25, 877 27, 079 26, 783 30, 333 30, 961 32, 637 33, 588 * 31, 161
736
789
817
931
626
577
211
166
367
442
432
240
Beehive coke ovens
do.. .
160
6,999
6,445
6,624
7,157
7,061
6,799
6,184
5,632
6,928
6,000
6,603
6,703
Byproduct coke ovens
do
5,830
507
370
556
407
470
519
534
543
513
Cement mills
do
337
418
542
578
152
139
171
139
124
139
123
150
136
139
131
Coal-gas retorts
_d o _ _ .
143
205
4,737
' 4, 446
4,782
4,341
4,582
4,812
4,029
3,696
3,839
4,079
4,177
4,760
Electric power utilities
do
3,561
8,072
8,176
7,666
7, 594
8,609
7,349
6,534
6,199
6,391
6,612
6,606
Railways (class I) _
._ do
7,288
6,721
975
1,043
966
752
895
1,024
791
Steel and rolling mills
do
715
870
751
690
725
870
10, 440
11, 150
10, 340
Other industrial
do..
19, 977
7,520
7,510
9,080
9,770
7,950
7,170
8,650
9,830
7,080
Other consumption:
83
78
'80
77
105
107
102
112
102
93
128
TOO
105
Vessels (bunker)
thous. of long tons
296
315
'298
345
241
277
276
286
226
243
231
258
281
Coal mine fuel
thous. of short tons..
Prices:
8.87
8.87
8.87
8.84
8 88
8 36
8 54
8 65
Retail, composite^
dol per short ton
8 75
Wholesale:
4.393
4.389
4.390
4.389
4.264
4.277
4.403
4.393
4.265
4.251
4.256
Mine run, composite
._ do ..
4.275
4.296
4.618
4.616
4.615
4.602
4.619
4.354
4.276
4.314
4.615
4.231
4.297
4.230
4.395
Prepared sizes, composite
do
41, 400
44, 070 ' 41, 695
40, 012
34, 896
39, 010
48, 250
Production!
_ .
thous. of short tons
38, 650
38, 700
35, 890
35, 244
32,790
32,400
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons.. 50, 654 35, 108 35, 721 39, 203 41, 563 45, 438 48, 111 51, 122 51, 564 51, 872 50, 998 48, 702 r 48, 518
42, 978
42, 102 ' 42, 518
42, 464
42, 922
42, 122
34, 563
39, 611
45, 554
32, 403
37, 538
Industrial, total __
do
30, 521
30,208
9,887
10, 184
9,890
9,712
10, 091
7,832
9,854
5,956
6,506
7,448
8,861
5,305
5,150
Byproduct coke ovens
do
436
476
408
440
515
494
551
562
486
578
507
463
408
Cement mills „
.. do
284
258
273
292
291
247
285
284
287
247
243
248
200
Coal-gas retorts. ._
do
11, 336
11, 119 r 10, 944
11, 309
11,413
9,514
11,337
11, 294
10, 241
10, 559
11,003
9,798
9,257
Electric power utilities
do
5,921
6,235
7 ,216
5,493
4,644
5,679
4,602
5,693
4,526
5,748
5,240
8,738
4,660
Railways (class I) .
_ do
r
827
935
1,041
691
660
541
605
661
690
533
1,276
565
578
Steel and rolling mills
do
13,990
13, 260
12, 740
14, 230
14,690
14,490
13, 580
13, 583
10, 780
11,840
12,900
10, 060
9,800
Other industrial
do
8,020
6,600
6,000
8,950
9,000
9,100
6,800
7,900
8,500
5,200
7,000
5,100
4,900
Retail dealers, total
do
l
'Revised.
December 1 estimate.
JData for 1938 revised. See p. 45 of the August 1940 Survey.
f Composite price for 38 cities in March; 37 cities in June, September, and October; 36 cities in November; and 35 cities beginning in December. Data for retail coal prices,
both anthracite and bituminous, are now compiled on a monthly basis for the coal-burning season, September through April.
§Data for exports and imports revised for 1939; see table 14, p. 17. and table 15, p. 18, respectively, of the April 1941 survey.
SURVEY OF CURRENT BUSINESS
46
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1940
1941
March
May 1941
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
FUELS AND BYPRODUCTS—Continued
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 -
49
46
42
52
77
74
90
79
76
62
51
45
36
5.375
4.475
4.475
4.475
4.475
4.475
4.475
4.475
4.475
4.555
5.000
5.375
5.375
4,999
586
135
4,125
102
3,984
106
4,244
151
4,375
231
4,619
278
4,682
272
4,627
514
4,933
496
4,502
131
88
463
4,890
119
363
4,840
394
4,750
123
126
126
103
1,337
845
1,638
800
2,016
931
1,085
2,056
955
1,101
1,803
877
2,058
776
1,281
1, 997
713
1,284
1,391
774
647
617
581
527
1,901
736
1,165
678
2,029
740
1,290
1,597
732
926
697
2,027
807
1,219
681
1,915
846
1,069
487
865
406
618
375
492
130
838
624
139
663
152
149
121
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills). -thous. of bbl..
Importsf .
- do _ """§,"876"
.960
Price (Kansas-Okla.) at wells
dol. per bbL.
Productiont
_.
thous. of bbl._
Refinery operations
pet. of capacity. .
Stocks, end of month:
California:
Heavy crude and fuel.
thous. of bbl_.
Light crude
_.
do .
East of California, total!
do
Refineries t
do
Tank farms and pipe linesf
do _.
Wells completed j
number.
Refined petroleum products:
Gas and fuel oils:
Consumption:
1,678
Electric power plants
thous. of bbl..
Railways (class I)
do
2,569
Vessels (bunker). .
do
.044
Price, fuel oil (Pennsylvania)*. dol. per gal..
Production:
Residual fuel oilt
thous of bbl
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbl_
Gas oil and distillate fuels, total
do
Motor fuel:
Demand, domestic}:
.. thous. of bbl
1,606
Exportsf
do
Prices, gasoline:
Wholesale, tank wagon (N. Y.)t
.129
dol. per gal..
Wholesale, refining (Okla.)___ .
do _.
.045
.124
Retail, service stations, 50 cities* do
Production, total$
thous. of bbl..
BenzolJ
_ _
do
Straight run gasoline!
do
Cracked gasoline!-.
_
do
Natural gasoline!
_
do...
Natural gasoline blended tdo
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
124
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gal
.054
Production
_thous. of bbl. .
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic!
_
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol per gal
.099
Production
thous. of bbL.
Stocks, refinery, end of month
do
Asphalt:
Imports §
short tons
9,579
Production
do .
Stocks, refinery, end of month
do__.
Wax:
Production
_
thous. of Ib
Stocks, refinery, end of month
do...
110,079
2,866
.960
120, 075
81
106, 979
3,368
.960
116, 045
82
111,817
4,266
.960
118,283
83
108, 237
3,658
.960
111, 690
84
107, 902
3,771
.960
113, 244
80
108, 756
4,150
.960
110, 523
81
107, 756
4,059
.960
109, 337
83
109,394
3,910
.960
113,418
82
105, 364
4,023
.960
106, 904
82
109, 703
4,744
.960
110, 520
82
110, 683
3,199
.960
110, 647
83
100,445
3,321
.960
100, 791
83
78, 440
35, 943
207, 407
40, 871
166, 536
1,677
78, 866
36, 000
214, 321
42, 119
172, 202
1,853
78,359
35, 782
218, 492
45, 183
173, 309
2,083
78, 443
35, 368
218, 998
47, 525
171, 473
2,021
77, 550
36, 182
219, 796
47, 959
171, 837
1,860
76, 373
36, 493
220, 234
47, 950
172, 284
1,788
75,392
35,460
220, 197
44, 778
175, 419
1,555
74, 124
35, 422
220,896
44, 774
176, 122
1,856
73, Oil
35, 043
220, 645
44, 873
175, 772
1,533
71, 798
35, 852
221, 031
43 767
177, 264
1,243
70, 474
35,961
219, 905
42, 760
177, 145
1,536
69, 833
36, 985
220,046
42, 260
177, 786
1,301
1,261
4,281
3,350
.039
979
4,164
2,930
.039
948
4,130
3,242
.039
1,016
4,090
2,926
.039
1,234
4,166
3,009
.039
1,503
4,293
2,661
.040
1,425
4,334
2,293
.040
1,678
4,847
2,724
.040
1,469
4,805
2,779
.042
1,814
5,021
2,525
.043
26, 870
16, 346
25, 372
15, 260
26, 548
14, 541
25, 469
14, 154
25, 248
14, 439
26, 451
14, 957
25, 504
14, 735
27, 944
14, 381
26, 125
15, 073
19, 160
18, 541
18, 475
20, 310
19, 116
23, 112
20, 339
26, 412
21, 909
30, 134
24, 042
33, 964
25, 015
37, 166
26, 539
37, 709
44, 607
2,021
47, 683
1,730
52,946
1,766
55, 459
2,177
53, 865
1,460
55, 346
1,686
52, 297
1,699
.134
.044
.132
51, 230
237
21, 774
24, 730
4,489
2,986
1,812
.133
.046
.129
50, 625
228
23, 082
22, 901
4,414
2,783
r
1 937
.128
.048
.127
52, 183
247
22, 526
24, 823
4,587
3,075
*2 136
.127
,048
.125
51, 325
263
22, 422
24, 239
4,401
2,600
T 2 271
.130
.048
.126
51, 879
279
22, 420
24, 496
4,684
2,864
r 2 168
.128
.046
.123
52, 658
271
22, 120
25, 587
4,680
3,186
r
2 321
96, 467
70, 274
5,393
96, 615
69, 407
6,112
93, 474
65, 871
6,514
86, 276
59, 708
7,000
82, 025
54, 414
7,584
6,273
'463
5,621
375
5,297
377
3,952
299
.050
6,570
4,114
.050
6,257
4,351
.051
6,641
5,309
1,883
2,138
.170
3,335
8,084
.161
3,280
8,065
896
324, 200
699, 000
47, 320
90, 373
r
1,586
1, 844
4,938
2,172
.044
2,487
.044
27, 925
16, 608
27, 958
17, 018
25, 979
14,732
24, 580
35, 885
23, 656
32, 082
22, 060
28, 034
21, 154
28, 542
53, 807
1,662
49, 074
1,904
46, 413
1,786
45, 344
1,469
42, 253
1,056
.124
.046
.122
52, 313
263
22, 254
25, 090
4,706
3,901
?2 135
.122
.045
.122
52, 907
290
21, 602
25, 968
5,047
4,269
r
2 191
.120
.045
.121
50, 892
282
21, 053
24, 716
4,841
4,133
r
2, 020
.123
.125
.045
.044
.122
.122
52, 508
52, 542
298
313
22, 213
21, 353
25,047
25, 992
4,950
4,884
3,945
4,016
' 1, 947 1,750
.127
.044
.123
48, 374
280
20,112
23, 417
4,565
3,510
77, 134
50, 056
7,702
75, 915
49, 040
7,038
73, 338
47, 162
6,569
73, 429
46, 695
6,102
77, 943
50, 807
5,704
83, 310
55, 562
5,490
88, 697
61, 756
5,311
4,257
213
4,114
196
5,173
173
5,608
'120
6,768
175
7,808
113
7,769
57
6,484
54
.051
5,785
6,810
.050
5,797
8,191
.049
5,629
9,476
.049
6,062
10, 254
.049
6,496
11, 000
.050
6,431
10, 473
.052
6,894
9,512
.053
6,661
8,312
.054
5,888
7,634
2,063
2,146
1,871
2,024
2,150
2,443
2,449
1,875
2,367
1,798
.150
3,341
8,170
.143
3,212
8,161
.118
3,024
8,573
.103
2,635 '
8,457
.094
2, 682
8,596
.090
2,954
8,464
.090
3,021
8,365
.090
2,865
8,767
.090
2,943
8,809
.094
2,522
8,790
417
400, 000
768, 000
230
487, 600
759,000
260
527, 300
681, 000
9,761
606, 600
623,000
21,028
638,000
588, 000
1,447
604, 700
490,000
39,993
608, 400
469,000
377
396,900
526, 000
18, 504
326, 200
614, 000
600
303, 100
689, 000
9,838
306, 400
760, 000
42, 560
96, 910
44, 240
103, 289
39, 760
110, 346
37, 520
113, 978
33, 320
112, 359
39, 760
110, 028
43, 120
113, 827
43, 960
120, 212
43, 680
125, 272
45, 080
120, 027
38, 920
119, 150
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins§ .. thous. of Ib.- 39, 540 23, 855 22, 767 23, 716 28, 521 28,863 33, 123 28, 111 29, 627 38,459 42, 542 41,284 35,411
Calf and kip skins§
"
do
623
1,118
1,085
1,152
1,253
1,005
2,108
3,365
1,489
1,859
1,999
2,828
1,795
22, 004
18, 922
Cattle hides
_ do _
24, 182
9,669
9,068
16, 401
14, 305
20, 685
16, 170
26, 925
7,756
24, 638 • 16, 544
Goatskins§.
do
5 895
6,836
5,576
6,065
3,661
5,906
5,729
5,295
4,379
5,368
4,792
4,990
6,446
Sheep and lamb skins§
_
do
2,904
4,933
3,919
5,458
5,882
5,254
3,997
7,293
3,786
5,357
5,199
6,249
8,550
r
Revised.
*New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p. 14 of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p. 16 the March 1941 Survey.
fExports of motor fuel revised; for data beginning January 1913, see table 54, p. 16 of the December 1940 Survey. Data beginning January 1941 include mineral spirits.
The comparability of the series is effected to a negligible extent by the inclusion of this item. For revised series on wholesale tank wagon (N. Y.), price of gasoline, see
table 6, p. 18 of the January 1941 Survey.
{Revised data for 1939 appear on table 1, p. 17 of the January 1941 Survey.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 Survey.
May 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 Surrey
SURVEY OF CUERENT BUSINESS
1941
47
1941
1940
March
March
April
May
June
July
August
Sep-
tember
DecemOctober November
ber
Janu-
ary
Febru-
ary
LEATHER AND PRODUCTS—Continued
HIDES AND SKINS-Continued
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 Ib ..
do_ .
444
766
3 904
1,408
440
721
3,981
1,266
480
774
3,610
1,355
501
796
3,890
1,420
437
738
3,886
1,378
457
822
3,219
1,448
432
842
3,045
1,489
417
812
3,168
1,469
507
968
4,483
1,734
462
884
5,419
1,462
437
858
6,063
1, 416
411
891
4,517
1,625
384
717
3,725
1,391
.129
.225
.126
.216
.127
,212
.123
.214
.105
.187
.114
.188
.102
.153
.123
.166
.140
.203
.146
.218
.133
.213
.133
.216
.124
.216
LEATHER
Exports:
354
4,000
643
456
92
37
33
15
435
Sole leather§
. _.
thous. of Ib
18
2,209
1,278
2,799
2,902
2,626
4,456
3,842
2,031
1,971
2,752
2,679
Upper leather§
thous. of sq. ft__
2,256
2,776
3,416
3,781
2,701
Production:
844
953
912
994
1,020
869
889
993
936
996
964
Calf and kip
thous. of skins
980
1,534
1,590
1,977
1,941
1,700
1,566
1,452
1,739
1,597
2,121
Cattle hides
thous. of hides
2,054 ' 2, 182
3,259
2 672
3,219
3,077
3 098
Goat and kid
thous. of skins
2,830
3,413
3,087
3,030
3 098 ' 2 953 3,044
3,643
3,411
3,212
2,873
3,261
3,815
Sheep and lambt
do _
3,052
3,357
2,880
3,320 ' 3, 494
3,050
Prices, wholesale:
Sole, oak, scoured backs (Boston)
.343
.344
.325
.300
.345
.340
.305
.312
.355
.355
dol. per lb._
.345
.345
.355
Chrome, calf, B grade, black, composite
.442
.440
.453
.466
.481
dol. per sq. ft_.
.469;
.453
.480
.457
.466
.455
.478
.486
Stocks of cattle hides and leather, end of mo.:l
'r12 369 r r12 362 ' 12 406 ' 12 721 ' 12 718 ' 12 779 ' 12 940 'r13 377 ' 13 764 ' 13 998' 14 006 13, 578
Total
thous. of equiv hides
In process and finished . .do
8, 717
8, 584 ' 8, 735 ' 8, 905 ' 8, 875 ' 8, 879 ' 8, 945 9, 174 ' 9, 400 ' 9, 544 ' 9, 534 9,302
4,276
Raw .
_.
_. do
' 3, 652 r 3, 778 ' 3, 671 ' 3, 816 ' 3, 843 r 3, 900 ' 3, 995 r 4, 203 ' 4, 364 ' 4, 454 ' 4, 472
LEATHER MANUFACTURES
Gloves and mittens:
(i)
(i)
(i)
(i)
(i)
155, 402 146, 345 169, 671 179, 972
Production (cut), total
dozen pairs
196, 519 204, 313
0)
(i)
(i)
(i)
(i)
Dress and semidress .
_ . do
88, 333
81, 355 100, 717 108, 674
118, 020 127, 698
0)
0)
76, 615
Work
_
do...
68, 954
78, 499
67, 069
64,990
71, 298
(')
(')
0)
0)
0)
0)
Boots, shoes, and slippers:
142
Exports§_
..thous. of pairs
129
105
202
206
101
219
241
220
177
168
170
108
Prices, wholesale, factory:
6.00
6.00
6.00
6.00
6.00
Men's black calf blucher
dol. per pair-6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
4.25
4.25
4.25
4.25
4.25
4.25
4.25
Men's black calf oxford, corded tip__.do
4.25
4.25
4.25
4.25
4.25
4.25
.330
Women's colored, elk blucher
do ._
3.30
3.30
3.30
3.30
3.30
3.30
3.30
3.30
3.30
3.30
3.30
3.30
Production, boots, shoes, and slippers :^
Total
thous. of pairs
36 803 ' 38, 288
42 413 r 35 287 '31 816 ' 30 138 '28 121 ' 34 012 '39 603 ' 35 092 ' 37 027 '30 533 '31 624
'324
'344
Athletic
do
311
'345
'349
' 508
'469
380
'370
'320
'380
'497
397
414
'493
462
'846
'316
'305
'308
'318
'324
'349
All fabric" (satin, canvas, etc.).. - do .
'974 ' 1, 037
'693
'522
1,384 ' 1, 087
'479
1,586 ' 1, 645
Part fabric and part leather
do
'736
'450
'380
'815
'317
'833 ' 1, 013
28, 310 ' 28, 805 ' 22, 541 ' 25, 430 32, 215 ' 32, 868
High and low cut, leather, total
do
36, 361 r 30, 032 ' 26, 043 ' 24, 198 ' 22, 808 ' 28, 478 ' 33, 109
1,312
1, 359
1,266
Boys' and youths'
__.do
1,461 '1,012 ' 1, 022 ' 1, 163 ' 1, 227 1,391
1,624 ' 1, 366
1,218
1,533
2,148
1,947
Infants'.
do .
2,245 ' 1, 851 r 1, 736 ' 1, 599 ' 1, 602 1,710 '1,814 ' 1, 808 2,132
1,823 ' 1, 891
Misses' and children's
do
4,217 >• 3, 758 ' 2, 951 ' 2, 711 ' 3, 007 ' 3, 437 ' 3, 741 ' 3, 399 r ' 3, 511 ' 2, 941 ' 3, 287 2 3,909 '2 3, 954
9, 999
Men's
do
2 10, 651 ' 8, 347 r 7, 587 ' 7, 416 ' 6, 908 8,018 ' 9, 632 ' 8, 687 10, 265 ' 8, 678 ' 8, 788 10, 254
Women's
_
do .. 17, 787 r 15, 065 r 12, 747 '11,310 ' 10, 065 ' 13, 922 '16,299 ' 13, 051 '11,365 ' 7, 819 ' 10, 151 14, 544 ' 15, 704
Slippers and moccasins for bousewear
1,713 ' 2, 343
thous. of pairs. _ 2,882 ' 2, 443 ' 3, 002 ' 3, 219 ' 3, 214 ' 4, 047 ' 4, 950 '5,419 ' 6, 341 ' 6, 143 ' 4, 120
'615
496
'890
'479
189
'243
927
'567
'716
'718
'355
244
203
All other footwear
do
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports, total sawmill products§....M bd. ft..
Sawed timber§
do ._.
Boards, planks, scantlings, etc.§ .
do
Imports, total sawmill products.
___do
National Lumber Mfrs. Assn.:t
Production, total _ _ .
_ mil. bd. ft
Hardwoods
do
Softwoods.
-do _.
Shipments, total
do
Hardwoods
.»
do
Softwoods
do
Stocks, gross, end of month, total
do .Hardwoods.
.
.
do
Softwoods
do
FLOORING
Maple, beech, and birch:
Orders, new
_
M bd. ft,_
Orders, unfilled, end of month
do ..
Production
. . .
do
Shipments
do
Stocks, end of month
do
Oak:
Orders, new
_
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do .
50, 968
2,541
35, 284
83, 861
62,458
14,909
43, 500
44, 088
79, 880
19, 934
52, 469
45,357
99,098
26,859
65, 731
71,006
91, 180
14, 892
62, 509
60,725
108,059
14, 880
81, 099
65, 714
98, 296
11, 155
68, 262
64,704
89, 940
12, 271
69, 356
71, 374
72,862
10,342
56, 499
74, 975
73,911
10,085
53,023
71,548
61, 960
6,443
36, 434
71, 202
79, 865
14, 907
46, 449
62, 349
60, 921
7,755
42, 140
67, 504
2,392
325
2,067
2,391
369
2,022
6,333
1,374
4,959
2,024
328
1,696
2,080
335
1,745
7,565
1,824
5,741
2,199
331
1,868
2,211
327
1, 885
7, 556
1,828
5, 728
2,343
328
2,016
2,398
335
2. 063
7,520
1,820
5,700
2.257
284
1,973
2,219
328
1,891
7,586
1,776
5,810
2,227
259
1,968
2, 3f.5
339
2,017
7,482
1,699
5,783
2,541
300
2,241
2,665
379
2,286
7,363
1, 620
5,743
2,484
353
2,131
2,751
399
2, 352
7,146
1, 573
5,573
2,671
427
2 245
2,947
453
2,495
6,904
1,548
5,356
2, 342
388
1,954
2, 569
422
2,147
6,685
1,514
S171
2,227
357
1,870
2, 405
383
2, 0?2
6,5*2
1, 487
5,065
2,298
359
1,939
2,479
393
2,086
6,384
1, 453
4,931
2,175
322
1,853
2,228
357
1,871
6,331
1,418
4,913
7,900
11, 350
7,800
8,300
18, 350
6,350
10, 625
6,350
7,025
20, 035
6,350
9,900
6,850
6,950
19, 700
6,550
9,360
6,420
7,270
19, 060
7,000
8,900
6,450
7,400
18,400
9,350
9,375
7,450
8,750
17, 350
10, 725
10,800
8; 175
9,350
16,600
8,700
11, 150
7,500
8,400
16, 000
9,900
11, 600
9,200
9,600
15, 850
6,450
11, 150
7,100
7,000
16, 200
5,750
10, 100
7,600
6,600
17, 500
8,075
10, 950
8,550
7,275
19,300
8,225
11,600
6,650
7,650
18, 350
45, 931
62, 250
40, 369
40, 666
73, 938
39, 658
68, 068
35 266
37, 696
78, 471
34, 438
61, 242
41, 190
41,264
79, 397
45, 935
61,461
43, 865
45, 716
75, 139
33, 357
52, 512
38, 015
43, 127
70, 027
49,587
59, 380
41, 658
44, 412
65, 317
65, 836
72, 557
46, 148
52, 655
57, 879
51, 344
73, 818
46, 916
50, 083
52, 712
47, 571
68, 765
51, 938
52, 624
51, 426
31, 588
55, 519
48, 413
44,642
55, 197
25, 942
46, 695
44, 254
36, 664
62, 788
35, 903
44, 681
46, 656
37, 941
71, 503
45, 981
54, 985
38, 409
35, 677
74, 235
SOFTWOODS
Douglas fir:
14, 285
24, 347
27, 896
37, 625
26,888 32, 170
Exports, total sawmill products§._-M bd. ft._ 12, 651
33, 243 45, 288
29,078 38, 014
30, 752
31, 103
6,555
4,157
9,385
12, 620
1,365
Sawed timber § _.
do
10, 771
10, 180
9,595
8,390
11, 849
9,130
13, 603 21, 375
10, 128
17, 792
15, 276
Boards, planks, scantlings, etc.§ . . do _
11, 286
23, 913
27, 243
28, 030
17, 503 23, 040
22, 362
19,254
18, 898
19, 640
Prices, wholesale:
Dimension, No. 1, common*
dol. per M bd. ft.. 24. 990 22.050 22. 050 21.928 21. 560 21. 658 22. 908 24. 500 24. 500 24.990 25. 970 25. 970 24. 990
Flooring, "B" and better, F. G., 1 x 4, R. L.*
dol. per M bd. ft._ 35. 280 28. 420 27. 440 27. 195 26. 460 26. 656 29. 645 33. 320 33. 320 34. 300 36. 260 36. 260 35. 280
1
'Revised.
....
.
_
...... fleshers
...
Data not available.
JData
for 1940 revised
to include
and exclude skivers.
*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 this issue.
§Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey. fRevised data for 1939 and January and February 1940 appear in table 17, p. 17 of this issue.
^Revised data for 1940 not shown above: Stocks of cattle hides and leather, total, January, 12,935; February, 12,700; in process and finished, January, 9,270; February,
9,026; raw, January, 3,665; February, 3,674. Production, boots, shoes, and slippers, total, January, 34,454; February, 36,442; athletic, January, 275; February, 286; all fabric,
January, 412; February, 513; part fabric and part leather, January, 1,411; February, 1,439; high and low cut leather, total, January, 30,598; February, 31,751; boys' and youths',
January, 1,168; February, 1,179; infants', January, 1,865; February, 1,919; misses' and children's, January, 4,070; February, 3,939; men's, January, 8,969; February 9,089; women's,
January,
14,526; February, 15,625; slippers and moccasins, January, 1,387; February, 2,100; all other footwear, January, 371; February, 354.
2
Includes a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract.
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
May 1941
1940
March
April
May
June
July
1941
August
September
DecemOctober November
ber
January
February
LUMBER AND MANUFACTURES—Continued
SOFTWOODS— Continued
Southern Pine:
12, 838
Exports, total sawmill products. __M bd. ft-_.
7,761
18, 348
25,928 28,209 27,689
3,597
2,697
5,838
4,341
746
4,866
Sawed timber...
do
24, 092
10,
141
21,062
7,015
12,
510
23, 868
Boards, planks, scantlings, etc .
do
799
642
587
677
623
688
Orders, newt
mil. bd. ft
331
348
553
324
350
440
Orders, unfilled, end of month
do
Price, wholesale, flooring., dol. per M. bd. ft.. 48. 788 41. 873 41. 662 41.783 40. 865 41. 536
Productiont
mil. bd. ft
602
625
636
651
675
734
712
709
613
660
597
631
Shipments!
--- -do ._
1,912
1,642
2,037
2,028
1,991
1,996
Stocks, end of month
do
Western Pine:
354
457
421
495
400
480
Orders, newt
- - do
285
287
304
326
300
Orders, unfilled, end of montht
.do
466
Price, wholesale, Ponderosa pine, 1x8, No. 2,
29.09
29.02
28.01
29.30
28.49
common (f. o. b. mills)..dol. per M. bd. ft..
33.37
279
389
522
541
570
343
Productiont
mil. bd. ft
441
351
397
469
425
414
Shipmentst
-do
1,664
1,962
1,672
1,745
1,861
Stocks, end of month
do
1 479
West Coast Woods:
622
636
609
742
799
605
Orders, newf
-do
520
517
425
383
510
Orders, unfilled, end of month
do
746
611
645
628
752
614
579
Productiont
- do
641
605
700
627
675
756
Shipmentst
-- -do
981
926
976
900
Stocks, end of month
_
do
885
920
Redwood, California:
29,704
31,450
29,263 29,500
27, 586
Orders, new
M bd. ft
38, 756
32, 472
31, 371
26, 555
27, 468
25, 901
Orders, unfilled, end of month
do
50, 930
31,207
28,727
31,310
29,293
28,477
Production
do
31, 622
31, 562
33, 391
27, 237
29,365
28, 016
Shipments
-do
33, 233
Stocks, end of month
do
262 805 299, 227 298, 317 294, 231 292, 640 289, 079
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) .
83 5
100.9
89 4
87 2
15, 990
948
15, 042
22, 224
2, 368
19, 856
10, 964
989
11, 581
1,215
905
603
9,975
949
600
11, 293
1,868
9 425
11, 691
1,747
9 944
640
498
720
46. 010
739
50. 585
734
818
50. 868
718
773
511
50.750
872
48. 676
827
692
1,681
1,556
1,477
760
643
1,814
1,503
1 506
1 539
653
442
629
532
546
486
441
433
397
380
425
394
380
400
28.17
618
29.71
549
31.73
544
33.04
33.58
33.99
33.47
948
570
43.045
537
2,043
952
539
592
2,051
1,997
10,366
763
550
813
414
763
8,991
750
8,241
674
542
49. 943
676
344
262
411
374
1,917
446
1 812
1 663
1 551
494
265
829
623
690
702
892
741
647
641
710
865
720
681
659
690
860
6%
726
614
606
867
642
G93
61^
677
851
666
676
675
681
855
C60
701
f»69
634
689
35, 963
32, 173
30, 156
32, 836
35, 545
31, 533
47, 674
42, 855
36, 059
36, 581
42, 849
33 131
52, 859
35 279
31 455
269 424
29 343
48, 415
33 700
32 738
967 276
29,024
38,245
283, 907
286, 622
282, 098
36, 318
275, 402
40 469
51, 877
99 761
31 476
270 158
31,290
31,468
63.0
62.0
62.0
63.0
60.0
65.0
71.0
76.0
77.0
74 0
70 0
73 0
6.0
15
25
10.0
15
23
7.0
14
22
4.0
14
25
3.0
23
32
3.0
24
38
4.0
28
43
3.0
29
46
5.0
21
40
80
3 0
6 0
58.0
61.0
22
42
16
14
62.0
28
42
62.0
57.0
15
69.0
75.0
12
64.0
74.0
75 0
72 0
73 0
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102. 3
88. 1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88 1
87.2
77.9
102.3
88 1
87.2
77.9
102.3
88 1
87.2
14
18
21
25
23
17
33
20
77 9
102 3
88 1
87 2
20
83
100
89
87
5
9
4
2
21
83
100
89
87
5
9
4
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.-
663, 980
206, 928
5,096
29
612, 906
221,152
6,674
482
783,964
312,483
7,759
33
936, 047 1,034,938 1,402,075 1,221,052 1,105,510 788,176
318, 369 327, 129 355, 991 255, 608 258, 926
74,349
3,542
5,505
2,105
3,966
2,508
980
1
152
242
252
16
56
38.27
36. 83
3C.69
37.33
37.69
37.63
37.70
37.92
38.07
38.08
6,412
0
17, 761
15, 407
0
21, 862
18, 412
4,088
3,450
167
3,935
465
18,106
15,155
2,951
257
4,566
7,245
19,603
16, 717
2,886
175
5,213
9,487
23, 516
20, 428
3,088
162
5,524
10, 383
28,244
24, 608
3,636
249
5,701
10, 480
32, 935
28, 708
4,227
194
5,672
9,935
37, 090
32, 432
4,658
164
6,051
10,009
41, 125
36, 280
4,846
265
49
42
36
63
51
39
98
49
40
805,158 698,853
69,980 45,055
4,064
423
48
17
600, 240
38.30
38.38
38.22
5,973
5,341
41, 712
36, 925
4,787
229
6,173
9
36,073
31, 792
4,281
174
6,331
0
29,794
26,167
3,627
155
24,195
21,100
3,096
61
59
74.378
796
150
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons.Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
_ _ .
._ .. do._
On Lake Erie docks
do
Imports, total
. _. -do
Manganese ore, imports (manganese content)!
thous. of long tons-.
2,353
182
45 '
5,673
0
178
31
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short tons.
86, 293
35, 730
35,290 35, 563 36, 503 45, 025 52, 994 53, 079 71,129 64, 612 66, 665 81,089 ' 76,055
Production
do
39, 881
66, 208
40,529 37,511 34, 700 38, 872 48, 926 49, 804 62,293 57, 717 60,155 68,742 •• 63,331
48.7
81.8
50.1
45.2
71.2
Percent of capacity
- 42.7
46.7
58.8
61.4
78.5
75.0
74.2
83.6
67, 415
42, 975
Shipments
short tons
41, 975 40,919
33, 323 34, 226
43, 216 45, 943
56,321
61, 161
60,127 65,884
Pig iron:
Furnaces in blast, end of month:
152, 750 104, 675 106, 395 119, 905 131, 360 131, 760 137, 500 140, 620 144, 290 148, 000 146, 770 152,040 148,555
Capacityt
short tons per day
Number
_ __
152
205
157
182
172
187
190
193
196
202
201
202
205
Prices, wholesale:
Basic (valley furnace)
dol. per long ton.22.50
23.50
22.50
22.50
22.50
22.50
22.50
22.50
22.50
22.50
23.50
22. 90
23.50
Composite
do
23.15
24.00
23.15
23.15
23.15
23.15
23.15
23.15
23.15
23.15
23.95
23.95
23.15
Foundry, No. 2, northern (Pitts)
do
24.89
24.89
25.89
24.89
24.89
24.89
24.89
24.89
24.89
24.89
25.89
25.29
25.89
3,270
3,514
4,054
Productiont
thous. of short tons . 4,704
3,137
3,819
4,238
4,403
4,446
4,198
4,177
4,548
4,664
Boilers and radiators, cast -iron:
Boilers, round:
2,252
1, 602'
Production
-thous. of lb-_
2,292
2,754
1,848
1,697
1,449
2,371
2,416
3,598
1,934
1,920
2,071
1,079
Shipments
- -_ . _. - - _ . d o
1,092
1,177
1,334
1,613
1,698
2, 732
3,851
5,145
2,451
1,608
1,222
1,884
12, 454
Stocks, end of month.
do _13,565 14,923 15, 009 13, 477 13, 873 12, 513
13, 256
10, 622
10. 750
11,021
11,687
12,391
Boilers, square:
Production
do
18, 790
17,900 20,922 18, 698 17, 352 26, 185 26, 340 32, 701 23, 788
22 647
18,964 23,443 22,579
9,253
10,933
12, 024
Shipments
do
14, 776 22, 916 31, 100 40, 342 43, 767 26, 059
13 489
18, 547
14,437
13,086
98, 121 105,043 114,032 117, 975 112 369 107, 267
Stocks, end of month
_-_do
106, 958
93,029 82, 205 80,064 80,564 89,300 I 99,040
T
Revised.
t Revised series. Data on fpig„ iron converted from a long
„ to a short tonnage
„ basis; data for production beginning 1913 are shown in table 38, p. 14 of the October 1940 issue.
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,
•n pine,
p. 17 of this issue.
§Data for 1939 revised; see table 15, p. 18 of the Aoril 1941 issue.
49
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
March
1941
1940
March
(April
May
June
July
August
Novem- DecemSepber
ber
tember October
January
February
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Pig Iron and Iron Manufacturers— Con,
Boilers and radiators, cast-iron— Continued
Radiators, ordinary type:
Production.. thous. of sq. ft. heating surface ..
Shipments
do
Stocks, end of month
_.
.do _
Boilers, range, galvanized:
Orders new, net
number of boilers
Orders, unfilled, end of month _
do
Production..
_. _
...do
Shipments
do
Stocks, end of month
do _
6, 871
4,371
27, 890
5,701
3,195
26, 829
5,670
3,626
28, 896
6,579
4,539
30, 971
5,697
4,670
31, 913
4,817
6,486
30, 108
7,147
8, 193
29, 168
6,415
9,436
26, 087
8,454
11, 769
22, 805
8,042
8,952
22, 103
6,245
6,537
21, 831
7,244
5,839
23, 461
6,744
4,891
25, 393
94 992
60, 419
82, 820
85, 350
35, 386
55, 339
19, 161
59, 319
60, 710
34, 862
51 062
18, 507
51, 012
51,716
34, 158
72, 725
23, 048
68, 816
68, 184
34, 790
75, 427
31, 158
70, 452
67, 317
37, 925
85, 139
38, 194
77, 879
78, 103
37, 701
64 831
27, 315
76, 467
75, 710
38, 458
73 821
32, 119
68, 522
69, 017
37, 963
106 716
42, 094
97, 266
96, 741
38, 488
75, 369
35, 220
80, 371
82, 243
36, 616
70, 989
38, 795
72, 245
67, 414
41, 447
89, 748
45, 615
80, 705
82, 928
39, 224
80, 583
50, 777
74, 113
75, 421
37, 916
36, 612
31.3
7,182
58, 404
49.9
22, 847
41, 353
35.3
8,849
52, 078
44.5
17, 017
50, 346
43.0
12, 967
50, 034
42.8
15, 137
59, 661
51.0
20, 764
50, 651
42.5
14, 483
67, 035
57.3
20, 770
57, 763
49.4
17, 993
71, 734
61.3
26, 873
66, 355
56.7
21, 292
83, 545
71.4
28, 018
64,122
54.8
21, 152
112, 327
96.0
49, 349
83, 938
71.7
31, 811
94, 929
81.1
27, 718
81, 192
69.4
32, 066
115, 343
98.6
45, 154
85, 810
73.3
33, 932
110,579
94.5
34, 887
94, 409
80.7
35, 397
105, 125
89.8
29,103
85, 492
73.0
28, 692
4,390
63
4,101
61
4,967
72
5,660
85
5,727
83
6,187
89
6,057
91
6,644
96
6,470
97
6,494
94
6,943
97
6,250
97
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons
Percent of capacity
Railway specialties
short tons
Production, total
do
Percent of capacity
Railway specialties.
short tons
Steel ingots and steel for castings: t
Production
thous. of short tons..
Percent of capacity
Bars, steel, cold-finished, carbon, shipments
short tons
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol. per long ton _.
Structural steel (Pittsburgh)
dol. per lb_.
Steel scrap (Chicago)
dol. per Ion? ton..
U. S. Steel Corp., shipments of rolled and.
finished steel products J__ thous. of short tons._
7,146
IOC
45, 405
44, 621
43, 654
44, 474
52, 999
57, 791
.C265
.0265
.0262
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
. 0265
34.00
.0210
19.88
34.00
.0210
15.69
34.00
.0210
15.33
34.00
.0210
16.88
34.00
.0210
18.19
34.00
.0210
17.35
34.00
.0210
18.03
34.00
.0210
19.22
34.00
. 0210
19.75
34.00
.0210
20.06
34.00
.0210
20.60
34.00
.0210
20.00
34.00
.0210
19.25
1,720
932
908
1,084
1,210
1,297
1,456
1,393
1,572
1,425
1,545
1,682
1,548
243
852
49.0
854
34
235
951
54.7
949
37
292
930
53.5
916
51
377
1,098
63.1
1,102
47
350
1,081
62.2
1,075
53
436
958
55.1
964
47
700
1,305
75.1
1,298
54
431
1,520
87.4
1,534
40
402
1,457
78.9
1,455
42
486
1,452
77.8
1,442
52
••370
1,454
76.7
1,444
63
276
1,035
54.6
1,046
52
761
526
878
630
1,966
809
1,761
1,007
1,680
1,214
1,275
1,098
3,726
1,557
1,708
1,221
1,722
1,026
1,563
835
2,210
994
1,544
850
2,097
958
2,424
2,219
1,169
2,008
2,119
1,186
2,102
2,236
1,262
2,160
2,373
1,385
2,249
2,240
1,286
2,339
2,601
1,495
2,392
3,323
1,728
3,090
3,336
2,181
2,884
4,357
2,983
3,583
3,787
3,618
3,152
3,852
4,102
3,368
475
368
552
494
363
499
594
447
510
547
472
522
602
497
577
541
493
545
639
498
634
797
599
696
718
652
665
844
658
790
924
779
801
940
829
890
236. 57
236. 86
236. 78
236. 75
236. 75
237. 28
237. 14
237. 27
237. 31
237.31
237. 27
3,413
188
3,620
170
3,594
173
3,159
158
3,413
174
3,925
195
4,050
196
4,895
229
4,030
233
4,256
248
4,496
281
4, 393
303
i 9, 886
i 959
1846
1870
1527
i 2, 324
i 71.8
2,814
236
256
245
165
580
54.3
3,287
266
295
281
146
716
65.9
3,550
326
325
317
131
749
71.2
3,964
367
357
359
128
812
73.9
4,415
455
347
385
130
915
82.3
4,213
423
371
368
93
919
86.3
4,670
475
401
430
79
1,069
96.8
4,480
444
377
430
114
1,047
97.4
4,619
437
384
443
131
1,050
95.1
4,863
519
409
431
156
1,122
101.0
4,587
455
384
416
154
1,074
107.3
i 177
i 309
i 537
i 699
i 793
8,446
52
77
174
235
236
7,654
45
99
210
248
274
7,276
56
104
234
244
300
6,075
60
104
286
239
328
6,063
72
110
331
244
353
6,480
70
121
311
193
339
5,496
86
147
362
189
382
5,505
83
138
374
200
350
5,733
89
139
331
203
374
7,151
95
153
363
209
409
6,835
91
139
322
205
379
7,973
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
314
Orders, unfilled, end of month
thousands ...
1,072
Production
do
56.6
Percent of capacity
1,077
Shipments
thousands
47
Stocks, end of month .
._
do Boilers, steel, new orders:
3,522
Area
thous. of sq. ft
1,297
Quantity
number-.
Furniture, steel:
Office furniture:
Orders, new .
. thous. of dol. .
Orders, unfilled, end of month
do
ShiprneTits
do
Shelving:
Orders, new
__
do .
Orders unfilled, end of month
do
Shipments
do
Plumbing and heating equipment (8 items),
wholesale price..
dollars ..
Porcelain enameled products, shipments!
thous. of dol. . 5,310
320
Spring washers, shipments •
do ..
Steel products, production for sale:f
Total
thous. of short tons
Merchant bars
do
Pipe and tube
__ _ _
do._ _
Plates
do
Rails..
do ...
Sheets, total ..
_
do
Percent of capacity
Strip:
Cold rolled
thous. of short tons
Hot rolled
._ do
Structural shapes, heavy
do
Tin plate
do
Wire and wire products
do
Track work, shipments
short tons. _ 10, 225
NONFERBOTJS METALS AND
PRODUCTS
Metals
Aluminum:
86,978
62, Ool
53,357
97, 668
56, 789
46,850
50, 158
44, 923
45, 117
53, 024
33, 449
43, 110
Imports, bauxite
long tons
72, 403
Price, wholesale, scrap, castings (N. Y.)
3
2
.
1039
.1397
.0904
.0894
.0838
.0970
.0902
.0855
dol. per lb._
.0865
.0860
.0913
.0863
()
Bearing metal (white-base antifriction), con2,296
2,667
2,691
2,560
2,348
2,118
2,373
1,664
1,923
1,966
2,238
1,955
sumption and shipments total thous. of Ib
507
529
643
622
614
876
514
363
505
560
620
475
Consumed in own plants
...do
1,682
2,053
1,472
2,138
2,048
1,751
1,619
1,558
1,442
1,561
1,460
1,188
Shipments
.
do
Copper:
Exports, refined and manufactures §
13, 395
38,829
29, 382
18,095
15, 658
17, 903
62,393
35, 422
36, 236
38, 512
39, 273
25, 494
short tons__
7,046
43,044
25, 945
23, 684
32, 790
27, 357
35, 159
40, 710
28, 532
23, 041
22,635
22, 554
Imports, total§
.
do
30,550
49, 188
12, 648
19, 120
6,693
24, 610
26, 446
27, 498
20, 507
28,134
27, 953
14, 335
17, 969
For smelting, refining and export §_..do__
22, 485
11, 359
Product of Cuba and Philippine Islands §
2,014
25
1,415
799
203
1,842
214
10
1,197
481
66
2,101
1,085
short tons..
11, 283
11, 484
8, 034
17, 019
15, 149
8,499
7,509
13, 187
314
569
4,185
2
All other5_
..do.... 36, 743
l
' Revised. Quarterly data; monthly reports initiated April 1940. • Data are for 7 manufacturers beginning January 1940.
5
Average for 14 days; not quoted part of month. 3 Average impossible due to lack of offerings part of month.
IMonthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
{Revised series. Steel products, production for sale, have been converted to a short tonnage basis; see table 45, p. 14 of the November 1940 issue. Steel production and
percent of capacity revised completely; see table 9, p 16 of the March 1941 issue. Porcelain enameled products revised beginning 1939 to include data for 99 manufacturers;
for 1939 data see p. 49 of the March 1941 issue.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 issue.
50
SUEVEY 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
May 1941
1940
1941
March
March
April
May
June
July
1941
August
September
DecemOctober November
ber
Janu-
ary
Febru-
ary
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Metals— Continued
Copper— Continued.
Price, wholesale, electrolytic (N. Y.)
dol. per lb._
Production:
Mine or smelter (including custom intake)
short tons. .
Refinery
do _ Deliveries, refined, total
do
Domestic
do
Export
.
.do ...
Stocks, refined, end of month
do
Lead:
Imports, total, except manufactures (lead
content)
short tons _
Ore:
Receipts lead content of domestic ore do
Shipments, Joplin district^
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb-Production from domestic ore. .short tons..
Shipments (reported)
do
Stocks, end of month
do Tin:
Consumption of primary tin in manufactures
long tons
Deliveries (includes reexports)
do
Imports, bars, blocks, etc. §
do ..
Price, wholesale, Straits (N. Y.)-.dol. per lb-_
Visible supply, world, end of mo. .long tons..
United States (excluding afloat)
do ._.
Zinc:
Ore, Joplin district: J
Shipments
short tons
Stocks, end of month
. __ do _ _ .
Price, wholesale, prime, western (St. Louis)
dol. per lb-.
Production, slab, at primary smelters:
short tons..
Retorts in operation, end of mo
number _.
Shipments, total ...
short tons
Stocks, refinery, end of month
do ...
0.1181
0.1116
0. 1109
0. 1108
0.1113
0. 1056
0. 1071
0. 1130
0. 1183
0. 1180
0. 1180
0. 1182
0. 1179
85, 643
95, 322
134, 339
134, 333
85, 796
86, 295
71, 893
64, 376
7,517
159, 795
84, 366
80, 964
71, 639
68, 665
2,974
169, 120
82, 682
86, 029
76, 485
69, 467
7,018
178, 664
79, 845
86, 077
65, 155
61, 716
3,439
199, 586
79, 327
90, 995
74, 758
71, 226
3,532
215,823
79, 967
80, 851
97, 719
96, 383
1,336
198, 955
78, 238
82, 843
96, 485
96, 485
86, 911
83, 076
103, 771
103, 771
84, 283
96, 283
102, 483
102, 483
85, 135
97, 035
112, 681
112, 671
r 79, 240
93, 654
112, 819
112, 808
185, 313
164, 618
158, 418
142, 772
83,280
93, 840
119,758
119, 736
22
116,854
6
89, 873
10
11
97, 689
27, 991
4,787
2,866
7,404
4,723
16, 581
10, 230
10, 739
27, 739
19, 084
19, 205
19, 707
14, 321
3,778
37 949
3,892
37 963
3,705
40 196
4,474
36 957
3,538
36 988
4,393
37 759
2,878
35 916
3,688
38 641
4,485
36 400
3,446
38 847
4,079
38, 433
4,652
34, 705
3,915
.0577
46, 748
62,090
45, 996
.0519
44, 783
46, 353
74, 692
.0571
31, 192
46, 496
63, 610
.0502
37, 918
46, 919
62, 955
.0500
34, 041
49, 904
55, 343
.0500
35, 343
52, 560
47, 360
.0485
36, 851
51, 643
43, 321
.0493
41, 528
53, 456
41, 292
.0531
39, 228
62, 496
35, 386
.0573
45, 089
57, 510
35, 791
.0550
47, 208
56, 755
40, 926
.0550
54, 658
55, 711
47, 248
.0560
47, 764
54, 859
46, 604
16. 092
13, 896
. 5205
39, 971
5,195
5 540
9,244
10, 334
.4709
32, 339
2,635
5 960
7,855
7,886
.4682
32, 149
2,964
6,360
7,905
7,982
.5148
30, 562
3,677
6,420
9,225
11,611
'. 5454
31, 869
5,300
6,370
7,325
9,185
.5159
38, 736
6,567
6,650
12, 470
12, 926
.5118
38, 040
6,583
5 800
11,410
14, 604
.5032
39, 450
9,438
6 230
11, 820
10, 116
'. 5150
40, 631
6,623
6 220
12, 505
10, 327
.5056
40, 046
4,362
6,210
9,358
14, 504
.5011
44, 678
9,179
' 6, 600
12, 760
12, 055
.5016
44, 719
9,442
6,640
12, 195
9,836
.5140
44, 107
7,489
38, 566
4,495
29, 393
4,798
31, 424
5,454
41, 183
5,851
33, 530
9,201
44, 323
7,098
35, 116
8,842
34, 250
10, 452
43, 269
11, 553
29, 538
17, 045
40, 975
3,900
42, 163
5,597
33, 296
7,091
.0725
.0575
.0575
.0580
.0624
.0625
.0639
.0692
.0725
.0725
.0725
,0725
.0725
r
63, 366
61, 224
63, 483
6,969
56, 184
49, 744
49, 909
72, 144
53, 055
49, 805
46, 803
78, 396
51, 457
48, 989
57, 224
72, 629
48, 213
46, 577
53, 935
66, 907
52, 098
47, 545
57, 606
61, 399
51, 010
50, 715
64, 065
48, 344
52, 869
53, 164
67, 650
33, 563
56, 372
53, 979
65, 713
24,222
56, 459
55, 288
62, 295
18, 386
59, 883
55, 288
65, 385
12, 884
14, 938
33, 270
.195
6,134
14, 018
.183
6,735
14, 034
.183
7,056
21, 475
.183
7,181
22,287
.185
6,898
21, 695
.186
8,076
17, 823
.183
8,706
31, 365
.187
10, 093
34, 221
.192
10, 232
32, 017
.192
10, 567
29, 452
.193
12,429
35, 139
.195
13, 389
38, 253
.195
773
1, 493
350
1,073
382
1,005
541
1,041
606
1,124
469
1,099
521
1,033
435
1,039
570
1,094
456
1,066
433
704
1,105
703
1, 317
60, 360 *• 56, 334
58, 000
59, 688
63, 272
59, 220
r 9, 972 '7,086
Miscellaneous Products
Brass and bronze (ingots and billets) :
Deliveries
short tons
Orders, unfilled, end of month
do _.
Sheets, brass, wholesale price, mill. . dol. per lb-Wire cloth (brass, bronze, and alloy) :
Orders, new
thous. of sq ft
Orders, unfilled, end of month
do
Shipments.
do.- Stocks, end of month
do
594
720
489
621
445
695
496
716
516
693
489
709
536
694
423
751
516
793
482
804
978
518
763
572
680
484
696
MACHINERY AND APPARATUS
Air-conditioning (circulating, cooling, heating,
and purifying) equipment, new orders: t
Air-conditioning systems and equipment
for summer and year-round use
2,675
0)
thous. of doL _
1,545
2,425
(l)
(0
0)
0)
0)
0)
0)
0)
0)
6,698
Blowers and fans
do
3,261
4,910
5,836
Unit heaters
do
2,346
6,086
3,845
2 013
Warm-air furnaces, winter air-conditioning
15, 168
6,791
14, 668
4,265
systems, and equipment
thous of dol
Electric overhead cranes:
2,374
2,291
2,640
4,172
761
499
957
1,497
Orders, new
do
467
520
1,657
534
798
12, 225
11,034
10, 174
8,563
2,744
4,109
5,087
2,196
2,430
3,271
Orders, unfilled, end of month __
do
1,683
1,769
1,640
1,063
1,030
1,102
615
825
334
264
282
629
Shipments
do
594
515
391
643
Exports, machinery. (See Foreign trade.)
Foundry equipment :f
315.2
285.3
281.1
254.2
257.8
129.1
164.9
165.4
194.4
161.2
183.2
145.2
264.0
New orders, net, total
__ 1937-39 <= 100..
329.3
295.9
301.8
276. 1
174.2
278.8
127.5
167.2
209.8
284.8
New equipment
do
162.0
272.7
236. 6
235.8
188.7
203.2
133.9
Repairs
do .
138.3
147.8
160.0
158.6
201.8
Fuel equipment:
Oil burners:
16,328
18, 513
19, 672
22, 705
32, 772
41, 895
41,029
17, 016
15,889
18, 154
23, 008
12,883
Orders, new, net
._
.number. .
10, 353
10, 590
6,974
8,202
7,562
5,985
8,043
Orders, unfilled, end of month .
do
8,607
9,056
4,375
4,700
2,880
16, 091
16, 203
24, 199
14, 394
22, 019
31, 544
16, 535
17, 829
18, 387
12, 770
41,490
40, 580
Shipments
do
44
18,027
19, 941
19,
367
Stocks, end of month
do
19,
239
23,400
18,
415
16,
860
16, 755
16, 656
22, 870
19, 617
18, 060
48
56
52
47
54
44
36
25
Pulverizers, orders, new
do
25
33
38
30
Mechanical stokers, sales:
5,330
5,408
9,837
16,565
10,596
8,256
23,117
6,103
4,342
30, 951
Classes 1 2, and 3
do
6,490
25,180
Classes 4 and 5:
171
177
249
111
161
275
352
125
218
386
254
410
Number
56, Oil
42, 510
Horsepower
42, 332
58, 411
80, 424
45, 487
30, 177
29, 677
38, 508
58, 426
80, 837
51, 671
94 9
95.4
92 3
97.8
93 4
93 4
92 5
88.3
93.3
96 8
96.8
Machine tool activity^
percent of capacity
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
44, 332
41, 504
41, 419
38, 476
38, 409
32, 634
30, 134
37, 977
33, 236
35, 245
33, 637
20, 813
units.. 41,318
849
906
887
917
853
247
829
804
928
905
874
Power pumps, horizontal type .
do
969
1,214
16. 703
22, 099
19, 113
15, 477
11,511 «• 17, 666
18, 748
16, 060
20, 971
20, 415
21,503
18, 657
18, 688
Water systems, including pumps...
do _.
Pumps, steam, power, centrifugal, and rotary:
2,437
4,482
1,963
2,556
4,820
1,457
1,809
2,952
3,025
4,042
5,648
1,178
2,878
Orders, new
thous. of dol__
' Revised.
^Data for May, July, and October 1940 and January 1941 are for 5 weeks; other months, 4 weeks.
* Reports indefinitely suspended.
f Revised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939; see p. 50 of the September 1940 Survey. Index of total foundry
equipment net new orders beginning January 1940 is based on average sales to metal-working industries during 1937-39; earlier data are based on the old new orders index (192224 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only beginning May 1940.
§Data revised for 1939; see table 15, p. 18 of the April 1941 issue.
JThis series has been discontinued by the reporting agency.
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may he found in the
1940 Supplement to the Survey
1941
March
51
1940
March
April
May
June
July
1941
August
SepNovem- December
tember October
ber
January
February
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only) :
81
55
Unadjusted1934-36=100..
134
Adjusted
- ._
_ . -do
90
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936 = 100
143.8
Adjusted index _
do .
109.0
Ironers, household
units
12, 048
61, 647
39, 643
Ranges*-do _
*>422, 932 r 298, 238
Refrigerators
do
178, 045 147, 672
Vacuum cleaners,floortype
do .
46, 284
31,009
Vacuum cleaners, hand type
do
149, 730
Washers, household .
. . . . do .
Electrical products:
Industrial materials, sales billed. 1936=100
113.7
Motors and generators, new orders
do
115.9
Transmission and distribution equipment,
new orders
1936=100..
133.8
Furnaces, electric, industrial, sales:
7,802
Unit
kilowatts
557
Value
thous. of dol
Electrical goods, new orders (quarterly)
238,
846
thous. of dol
2,606
Laminated products, shipments
do
1,306
Motors (1-200 hp.):
2,693
Polyphase induction, billingst
do
Polyphase induction, new ordersj
do 2,958
Direct current, billings
do
860
803
Direct current, new orders .
. do
Power cable, paper insulated, shipments:
1,209
564
Unit
thous. of ft
1,253
720
Value
thous. of doL.
Vulcanized fibre:
2,368
Consumption offibrepaper
thous. of Ib, . 3,448
1,029
539
Shipments
thous. of dol
67
123
73
132
91
133
130
135
186
139
207
133
134.9
103.8
11, 984
43, 308
339, 693
r
140, 223
30, 441
135, 179
140.3
114.5
10, 590
42, 983
385, 688
r
144, 091
30, 060
118, 987
114 6
104.0
8,571
33, 403
328, 950
120, 200
24, 037
112, 134
101.8
104.3
11, 464
29, 626
248, 538
74, 565
20, 045
116, 422
102 5
104.9
13, 848
29, 128
206, 418
87, 820
23, 047
147, 878
112 2
112.2
21, 007
32, 167
112, 309
108, 564
30, 359
149, 002
112.8
107.1
112.7
117.2
107.6
160.9
113.8
155.0
126.5
146.6
123.9
161.3
208
123
198
142
160
142
102
128
144.3
157.7
181.3
169.0
20, 492
20, 986
51, 790
50, 516
376, 214 ' 358, 402
117, 408 129, 302
34, 696
30, 177
133, 411 155, 546
122 3
91 1
88.4
130.2
128.5
128.6
23 282
18, 925 23, 191
24, 626
34, 714
25, 248
79, 815 115,236
88 187
114, 699 ' 112, 309 125, 037
36, 274
38, 270
39, 376
92, 474
168, 527 100, 787
147.7
254.3
148.2
223.9
81
128
187.4
220.6
164.8
262.0
194.5
275.7
127.7
126.0
181.9
170.2
159.6
119.6
230.7
214.2
219.8
269.0
350.9
4,697
314
4,905
407
5,381
476
5,241
421
5,137
372
18, 847
1,049
16, 965
1,341
12, 228
1,043
31, 866
1,766
10 516
924
21, 508
1,719
1,320
1,308
268, 120
1,325
1,313
1,408
411, 595
1,454
1,718
1,812
514, 816
2,023
2 123
2,330
2,857
3,013
815
692
3,126
3,039
830
946
3,000
3,186
866
1,703
3,083
3,345
914
1,437
3,280
3,536
915
1,240
3,207
3,693
1,008
1,371
3, 703
4,731
1,212
2,674
3,524
4,628
1,297
2,209
4,358
6,397
1,412
2,065
4,121
4,635
1,399
1,862
4,353
5,829
1,381
2,738
628
813
728
902
758
836
757
998
1,253
1,463
1,154
1,163
891
1,110
586
739
998
1, 167
1,083
1,172
1,284
1,457
2,556
537
2,205
554
1,999
458
2,449
556
2,443
681
2,373
599
2,582
714
2,742
716
2,981
805
3,088
926
3,012
838
781, 300
729, 700
PAPER AND PRINTING
WOOD PULP
Consumption and shipments: • §
Total all grades
short tons
Chemical:
363, 900
Sulphate, total
do
Unbleached . _ . . _ . . do . . 305, 600
242, 700
Sulphite, total
do
146, 000
Bleached
do _
Soda
do
Groundwood
.
do _ 173, 700
37, 999
Exports total, all grades*
do
84, 967
Imports, total, all grades*
.- -do Chemical:
16, 287
Sulphate, total*
_
do
10, 268
Unbleached*
. do
55, 699
Sulphite, total* .
do
30,156
Bleached*
do
25,543
Unbleached*
do
11,731
Groundwood^
do
Production:§
Total, all grades
do
Chemical:
Sulphate, total _
do _ _ 362, 100
Unbleached
do
303, 700
Sulphite, total
do . . 237, 500
140, 900
Bleached
do
Soda
do
177 234
Groundwood
do
Stocks, end of month:§
Total, all grades
-_
do
Chemical:
Sulphate, total
do
49, 300
44,400
Unbleached
-. do
Sulphite, total
do
64,000
Bleached...
do
38, 200
Soda
do _
Groundwood
..do
76, 100
Price, sulphite, unbleached
dol. per 100 lb_.
3.46
r
682, 000
717, 300
775, 400
749, 000
744, 600
751, 000
693, 300
764, 600
747, 000
736, 700
279, 000
239, 100
204, 700
127, 000
40,900
157, 400
30, 694
73, 915
287, 900
245,900
222,400
144, 500
41, 800
165, 100
37, 417
109, 986
320, 300
276, 300
231, 000
145, 100
50,500
173, 800
57, 923
81, 345
315, 700
265, 800
221, 800
140, 900
47, 900
163, 500
40, 864
93, 358
311, 600
264, 800
230, 700
145, 100
45, 100
157, 100
64, 702
86, 426
318, 700
270, 000
225, 400
139, 900
42, 200
164, 700
60, 379
83, 640
301, 800
252, 700
209, 900
129,600
36,900
144, 600
32, 256
65, 554
343, 300
288, 800
210, 000
128, 800
42, 600
168, 700
39, 359
68, 112
331, 800
281, 200
216, 600
130, 100
37,900
160, 600
28, 693
70, 549
322, 600 r 342, 400
273,400 ' 288, 200
214, 200 r 223, 100
128, 300 131, 600
44, 700
46, 800
155, 300 169, 000
36, 627
23, 501
72, 493
70,686
21, 030
13, 408
44, 172
22, 836
21, 336
7,964
30, 856
24, 889
65, 035
34, 068
30, 967
13, 403
11,815
6,669
50, 045
26, 822
23, 223
18, 446
17, 817
13, 058
53, 349
30, 294
23, 055
21, 138
11, 385
5,546
54, 882
27, 662
27, 220
19, 218
17, 920
12, 036
55, 318
31, 376
23, 942
9,557
11, 253
7,062
40, 188
21, 247
18, 941
13, 187
10, 869
6,515
43, 509
25, 112
18, 397
12, 903
12, 521
7,872
46, 423
27, 399
19, 024
10, 745
14, 438
8,414
44, 520
23, 603
20, 917
11, 030
15, 671
10, 465
45, 907
25, 859
20, 048
10 199
r
317, 200
266,700
214, 200
124, 600
43, 000
155, 300
24, 870
69, 821
13, 659
8,001
45,554
28 227
17, 327
9 495
696, 160
726, 175
787, 043
744, 077
718, 833
751, 751
689, 595
774, 512
762, 658
744, 103
801, 442
727 445
278, 052
238, 403
211, 854
134, 573
40, 942
165, 312
287, 921
246, 673
210, 265
135, 036
41, 694
186, 295
321, 622
277, 063
226, 335
142, 802
48, 085
191, 001
311, 093
264, 389
221, 971
141, 076
48, 446
162 567
310, 147
264, 238
217, 261
135, 779
45, 723
145, 702
329, 665
279, 973
232, 862
144, 834
42, 737
146, 487
309, 348
260, 298
208,238
128, 613
37, 092
134 917
346, 346
292, 182
223, 951
136, 705
44, 001
160 214
329, 792
278, 582
218, 103
126, 167
38, 861
175, 902
325, 331 rr 355, 473
276, 939 299 194
207, 102 225, 494
122 591 135 856
45 376
45 715
166 294 174 760
320, 085
270 780
203 300
120 733
42 160
161 900
162, 000
170, 900
182, 500
177, 600
151, 800
152, 600
148, 900
158, 800
174, 500
181,900
202 100
199 900
17,600
9,700
93,700
61,600
6,500
44,200
2.85
17,600
10,500
81,500
52,100
6,400
65,400
2.96
19, 000
11, 300
76,900
49, 800
4,000
82, 600
3.18
14, 400
9,900
77,000
49,900
4 500
81,700
3.34
12, 800
9,200
63,600
40,700
5,100
70,300
3.46
23,900
19, 300
71,000
45,600
5 600
52,100
3.46
31, 300
26,900
69,400
44, 600
5,800
42,400
3.46
34,400
30,300
83,300
52,500
7 200
33,900
3.46
32, 300
27,600
84,800
48, 600
8,200
49,200
3.46
35, 100
31,200
77, 700
42,900
8 900
60,200
3.46
48, 200
42 200
80, 100
47 200
7 800
66, 000
3.46
51, 100
46 300
69,200
43 300
7 000
72, 600
3.46
PAPER
Total paper, inch newsprint and paper board :f
Production ._ __
short tons
897, 889 937, 032 1,039,708 980, 385 958, 374 979, 631 867, 691 1,003,971 949, 422 908, 471 ••1,000,922 942 040
Paper, excl. newsprint and paperboardrf
Orders, new
.. _. short tons
398, 896 489, 923 514, 683 471, 457 398, 861 390, 325 379, 447 435, 059 424,064 417, 776 M86
746 470 473
Production
do
405 824 433, 189 479 257 454, 898 446, 234 440 264 387 255 442 610 420 810 420 005 r464 819 435 901
Shipments
_
do
397. 553 421. 506 484. 801 472,531 448.043 428.306 386. 431 432. 521 416. 419 415.625 '469.275 441. 826
' Revised.
* Preliminary.
•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.
tRevised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934, see table 43, pp. 12 and 13 of the November 1940
issue.
*New series. Data beginning 1913 for wood pulp are shown on p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18
of the November 1940 issue; the note with regard to the coverage of the industry has been revised to read: The Association believes the coverage for 1936-40 was between 90
and 95 percent. No data are available for coverage prior to 1936. Earlier monthly data for the indexes of domestic appliances excluding refrigerators will be shown in a subsequent issue.
§Revised 1939 and January 1940 data and an explanation of revisions in the 1940 data will be shown in a subsequent issue. Revised data beginning February 1940 are
shown on p. 51 of the April 1941 issue.
52
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
March
May 1941
1940
March
April
May
June
July
August
1941
September
DecemOctober November
ber
January
February
PAPER AND PRINTING—Continued
PAPER— Continued
Book paper :c?
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 lb._
Production
short tons
Percent of standard capacity
Shipments
short tons
Stocks, end of month
do
Fine paper: t
Orders, new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Wrapping paper: t
Orders new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Exports
do
Production
do
Shipments from mills
do
Stocks, at mills, end of month—
do
United States:
Consumption by publishers
do
Imports
. __do
Price, rolls (N. Y.) . dol. per short ton
Production
_
_.
short tons
Shipments from mills
do ...
Stocks, end of month:
At mills
do
At publishers
do
In transit to publishers -_.
do
Paperboard:
Consumption, waste paper
do
Orders, new
do
Orders, unfilled, end of month
do
Production .
.
d
o
Percent of capacity
Waste paper stocks at mills
short tons
21, 862
9,076
22, 167
80.8
22, 059
14, 397
14, 594
3,975
14, 101
55 3
15, 479
13, 949
19, 231
6,624
17, 560
64.6
16, 693
15, 076
21, 195
7,807
20, 928
72.1
20,107
16, 110
20,359
8,618
19, 717
74 0
20,695
15, 089
15, 321
5,561
19, 487
69 7
19, 615
14, 927
14, 896
4,852
17, 333
59 7
17, 038
15, 331
13,520
4,845
13, 672
57 5
13 570
15, 024
18, 334
5,108
18, 163
62 5
19 431
14, 158
15, 990
5,264
16, 045
58 0
16 424
13, 633
16, 968
6,174
17, 726
65 9
15, 967
15, 326
20, 546
6,772
19, 636
67 6
19, 943
14, 971
20, 107
8,532
18 949
73 4
19 280
14, 622
133, 970
70, 048
98, 783
41, 804
106, 471
48,031
123, 379
61, 758
119, 300
66, 165
90,251
54, 432
94, 183
46,206
89, 059
43, 337
101, 660
41, 334
97, 667
45, 775
98, 679
48,845
117,435
55, 711
113,640
61,920
6.30
120, 879
93.8
125, 404
56, 721
5.95
98, 186
79.6
99, 065
58, 483
5.95
101, 422
82.8
100, 687
58, 375
5.95
115, 351
88.5
109, 723
62, 972
5.95
109, 905
91.7
114, 727
59, 511
6.23
106, 715
84.1
106, 572
60, 424
6.30
106, 091
78.8
103 839
63,505
6.30
89, 512
77.8
91 937
59 686
6.30
106, 482
80.9
103 493
63, 152
6.30
99 298
77 3
95 074
68 555
6.30
96, 229
78.8
96,378
66, 574
6.30
107, 721
81.0
109, 982
64, 141
6.30
104, 071
86.8
107, 359
61, 373
38, 150
15, 697
39, 756
39, 095
64, 730
48,209
20,611
42, 260
41, 455
64, 913
52, 921
26 224
46, 065
47, 504
63 797
49, 831
30, 335
43, 489
45, 770
61 901
36,180
24, 388
42, 899
43, 086
60 750
34,687
18 817
43, 418
41,412
62 294
35, 130
17 893
37 399
36, 373
63 160
41, 643
16 534
44 751
43, 448
64 093
42
18
42
42
64
808
696
997
375
936
40, 309
17, 751
42, 017
41, 078
67. 178
140, 035
62, 586
148 805
145, 044
91, 935
205, 323
111,026
159, 001
155, 651
92, 309
197, 542
120, 953
178 472
188 088
83, 505
163, 646
115, 997
164 077
168 415
79 929
152, 619
102, 149
168 567
167, 708
80, 961
144 649
81, 622
166 125
164 852
81, 774
133
73
140
141
80
209
590
492
429
508
158 156
77 967
157 204
156* 992
81 870
275, 769
265, 724
186, 182
205, 655
251, 279
235, 304
212, 737
263, 884
268, 947
267, 134
214, 550
301, 209
323, 563
334, 441
203, 672
320, 655
315, 343
338, 446
180, 569
318, 841
332, 689
337, 508
175, 750
301, 654
316, 607
332, 234
160, 123
301 293
282 322
284, 133
158, 312
275 822
309, 957
287, 943
180, 326
258,518
221, 542
50.00
87, 376
85, 503
251, 269
176, 887
50.00
85, 143
86, 930
244, 181
224, 401
50.00
86, 277
85, 412
257, 565
262, 983
50.00
90, 207
88,912
241, 639
254, 920
50.00
84, 762
85, 194
206, 913
261, 727
50.00
82, 579
86, 229
213, 105
258, 055
50 00
86, 633
81, 714
238, 176
239, 679
50.00
77, 888
77, 470
18, 790
252, 856
44, 312
15, 815
246, 228
38, 727
16, 680
238, 670
42, 329
17, 975
247, 206
43, 312
17, 543
257, 567
47, 435
13, 893
318, 609
44,679
18, 812
361, 179
46, 245
279, 402
392, 794
110, 039
406, 922
69.1
241, 674
291, 285
480, 250
166, 830
417, 566
70.9
225 577
338, 241
517 221
204, 249
470, 244
77.1
235 706
324, 448
437 874
195, 037
440, 725
77 8
240 039
299, 781
398 191
160, 541
429, 561
70.3
251 823
95, 362
91, 707
95, 478
84, 253
82, 324
2,524
2,380
2,618
2,467
2,999
2,821
r
r
T
r
r
49, 492
21, 342
45, 169
46, 750
66, 826
48, 725
26,983
42, 733
44,078
64,629
156, 576
84,749
154, 819
149, 794
86, 875
177, 007
89, 722
172, 622
172, 176
89, 015
167, 135
96,294
157, 757
158, 726
84, 075
276 586
282, 344
286, 739
175, 931
263, 450
252, 897
276, 457
152. 371
211,022
261. 298
243, 394
170, 275
219, 464
245, 607
239, 745
176, 137
261, 028
229, 561
50 00
88,192
88, 774
251, 457
257, 020
50.00
85, 338
87, 331
256, 036
217, 323
50.00
80,837
84,037
229, 799
192, 240
50.00
89, 124
84, 141
219, 362
187, 170
50.00
79,720
81, 241
19, 230
364, 207
45, 919
18, 648
339, 211
42, 039
16, 655
327, 913
39, 188
13, 455
308, 880
47, 592
18, 438
301, 562
34, 719
16,917
284, 799
42, 163
317, 909
414 966
131, 890
452, 604
73 9
245 378
283 660
399 133
131 242
402, 548
71 2
245 685
333, 739
486 181
140, 027
473, 169
77 8
249 860
322, 991
426 614
128, 222
443, 274
75 7
260 320
275, 353
393, 026
115, 143
407, 629
70.7
269, 755
••322,408
r
520, 931
' 160, 561
'446,979
'76.1
' 264, 393
310, 969
470, 671
202,284
426, 419
81.5
260, 890
98 135
101 125
111, 106
101, 925
90,670
106, 890
116,944
2
(J)
(3)
(2)
2
()
(2)
(22)
()
381
354
464
373
398
165
76
162
159
81
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams
Paperboard shipping boxes:
Shipments, total
mil. of sq. ft
Corrugated
do
Solid fiber _.
do...
(22)
()
2
( )
144
151
178
(2)
(')
(2)
(3)
(3)
(3)
(3)
(»)
(«)
()
(«)
(3)
(22)
( 2)
()
(2)
(2)
(2)
PRINTING
1,310
Book publication, total
no. of editions..
1,100
New books
do
210
New editions
_
_ do
Continuous form stationery, new orders
thous. of sets.. 207, 715
Operations (productive activity)
1923= 100. . 0)
19, 621
Sales books, new orders
thous. of books
1,379
1,126
253
128, 245
80
17, 399
953
807
146
137, 820
78
17, 387
746
655
91
142, 780
80
18, 537
949
812
137
163, 493
75
17, 999
921
745
722
651
988
822
1,122
889
166
1,027
916
71
111
233
137, 202
0)
18, 740
162, 347
0)
16, 940
170, 828
0)
18, 559
157, 474
0)
17, 405
50, 206
103 744
78, 972
.193
133, 784
630,000
265, 000
137, 033
50 000
73 799
241 358
56, 477
64,652
74, 696
.203
126, 228
0)
265,000
166, 837
14, 589
16, 428
30, 287
35. 735
717
608
109
139, 161
79
18, 203
176
568
508
891
722
60
169
183, 392
0)
17, 481
171, 273
0)
19, 947
192, 228
0)
18, 328
56. 539
118, 314
97, 984
.208
127, 189
(')
250, 000
145, 950
64, 225
61,016
72, 901
.216
99, 254
(2)
250, 000
158, 095
86, 833
.199
126, 908
(2)
265, 000
153, 169
73, 973
.204
93, 781
2
()
245,000
136, 955
75, 877
259, 140
77, 471
276, 943
75, 560
318, 486
84, 361
340, 857
353, 733
16,528
19, 358
32, 118
16, 042
17,689
33, 143
17, 109
19, 297
34, 701
41, 176
18, 636
20, 413
35, 344
17, 793
19,507
37,104
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER
Crude rubber:
Consumption, total
long tons. _ 66, 821
For tires and tubes (quarterly)
do
87, 123
Imports, total, including latext --do
.221
Price, smokecj sheets (N. Y.)
dol. per lb._
Shipments, world § . .
long tons
Stocks, world, end of month
..do
(2)
Afloat, total
.
do
140, 228
For United States
do _
(2)
London and Liverpool
do
British Malaya
do
373, 581
United States
do
Reclaimed rubber:
Consumption
do ._ 19, 149
22, 006
Production
do
39, 861
Stocks, end of month
do
Scran rubber consumption
do
50, 192
110, 234
59, 257
.185
112, 221
444,000
211,000
113, 619
18,000
72, 054
142, 462
15, 931
17, 234
28, 488
43. 037
50, 103
51, 619
70,700
.192
87, 482
465,000
188,000
102, 557
22,000
92 895
162, 494
51, 431
.212
123,047
471, 000
210, 000
109, 364
21,000
78 485
161, 485
16,298
16, 568
27,558
15, 719
17, 552
28,397
46, 506
108, 156
53, 889
.222
110, 348
501,000
235, 000
119, 138
19,500
78 029
168, 245
15, 844
16, 631
28, 327
39. 844
47, Oil
50, 234
69, 474
.211
127, 313
548,000
250, 000
139, 629
26,500
80,600
190, 608
73, 028
.196
120, 857
584,000
255, 000
141, 286
36,000
80 375
213 002
14, 298
14, 342
28,058
14, 179
17, 213
29, 832
(2)
(2)
(2)
(2)
(2)
r
Revised.
i Discontinued by reporting source.
* Reports indefinitely suspended.
fRevised series. For revised data for fine and wrapping papers beginning 1934, see table 43, pp. 12 and 13, of the November 1940 Survey.
JFor monthly data for 1913 to 1938 corresponding to the monthly averages on p. 148 of the 1940 Supplement, see table 28, p. 18, of the May 1940 Survey; for revised data
for 1939, see table 15, p. 18 of the April 1941 Survey.
cPIn recent months the number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.
§Beginning with the January 1941 Survey, data for world shipments of crude rubber are from the Statistical Bulletin of the International Rubber Regulations Committee;
earlier data from this source have been in close agreement with data compiled by the Bureau of Foreign and Domestic Commerce, shown in previous issues of the Survey.
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
March
53
March
April
May
June
July
1941
August
SepNovem- Decemtember October
ber
ber
January
February
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Production
-.
thousands
5,687
5,529
Shipments; total
do
2,640
Original equipment
do
2,731
Replacement equipment . . _ _ do
158
Exports
do
Stocks, end of month
.
. do - - 10, 168
Inner tubes:
5 357
Production
do
5,186
Shipments, total
do
137
Exports
. . _ _ ._ _ _ do
8,070
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly) . _ _. thous. of lb._
5,007
4,346
2, 050
2,203
5,106
5 010
2 095
2,827
5,415
5,720
1,999
3,626
5,148
6,927
1,925
4,905
4,675
4 284
4,704
4,245
3,316
10, 747
10,881
10, 576
8,881
9,299
r
4, 371
••4,091
4 618
4 543
4,739
4,739
4,359
5,721
••8.247
8,258
93
60
87
57
96
78
8,243
96
74
6,841
3,425
4,495
4 572
1,465
3,001
5,082
5 561
2,322
3,081
4,838
5,137
2,438
2,569
4,999
4,972
2.626
2,227
118
5,165
4 910
2,547
2,210
9,732
130
5,472
4 847
2,293
2,426
9,890
9,448
9,118
9,179
9,797
10, 072
4 028
3,797
4,327
3,615
4 115
3,991
4,557
4,878
4,111
4,692
4,665
4,646
5 168
4,527
4 993
4,713
7 094
7,802
7,950
7,647
7,055
7,014
7,733
8,004
705
858
115
110
96
89
70, 972
71, 957
106
158
84
124
106
66, 849
87
128
153
96
102
75, 475
RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month
thous. of pairs . . 5,827
5,359
do
11, 222
_ do
_.
4,869
4,532
15,656
5,128
3,902
16,881
5,075
3,862
18,095
4,528
3,737
18, 886
3,323
4,567
17,641
4,583
5,808
16, 386
4,046
6,200
14, 232
5,105
5,971
13, 365
5,146
6,633
11, 878
5,369
6,118
11,129
5,939
6,614
10, 377
5,543
5,166
10, 754
T
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month
thous. of bbl
thous of bbl
do do
10, 600
49.8
10, 056
25, 853
6,274
7,918
36.3
7,716
26, 118
6,487
10, 043
47.5
10, 829
25, 348
6,606
12, 633
58.0
13, 206
24, 758
6,071
12, 490
58.9
13, 223
24, 010
5,907
12,290
56.0
13, 442
22, 855
5,559
12, 712
57.8
14, 018
21,549
5,158
13, 105
61.8
14, 741
19, 921
4,829
13, 935
63.7
15, 776
18,008
4,470
12, 725
60.1
10, 372
20,353
4,558
11, 195
51.2
8,192
23,381
4,886
9,025
42.4
7,986
24, 420
5,092
8, 365
43.5
7,
458
r
25,
309
r
5, 520
12. 328
12. 124
120, 174
449, 425
12. 132
176, 786
408, 147
12. 164
197, 021
392, 975
12. 116
186, 472
397, 336
12. 101
193, 479
402, 159
12.094
187, 648
422, 005
12. 121
182, 785
436, 436
12. 147
213, 800
445, 304
12. 148
162,829
468,962
12. 195
144,327
478, 411
12. 201
12. 242
36, 592
279, 900
52, 495
273, 526
66, 190
262, 463
61, 195
253, 326
62, 330
250, 730
64, 490
248, 531
60, 977
250, 617
70,864
242, 100
47, 056
251,593
40, 559
265, 825
4,781
1,165
5,428
1,341
5,719
1,399
5, 860
1, 470
•• 5, 181
«• 1, 344
4,724
1,249
4,565
1,195
4,368
1,117
60, 993
79, 089
351, 726 .361, 660
86, 062
361, 648
84, 339
361, 759
89, 810
357, 266
94, 442
357, 421
85, 767
382, 066
90, 359
382, 092
64, 313
391,531
58, 565
407, 618
2,525
42, 953
2,897
43, 914
5,153
43, 627
5,081
44,049
6,148
43, 383
8,383
37, 425
7,094
34, 738
7,365
34, 510
5,769
32, 031
2,516
30, 288
4,606
69.1
4,229
4,584
68.8
4,339
4,701
70.5
4,763
4,429
69.1
5,230
4,780
71.7
4,532
5,070
73.3
4,653
4,289
69.7
4,565
4,864
70.3
4,816
4,352
67.9
4,078
4,203
65.6
3,532
•• 4, 517
65.0
r
4, 177
4 368
70 8
4 273
1,468
1 433
r
CLAY PRODUCTS
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thous..
Shipments
.
thous. of brick ._
Stocks, end of month
do
Face brick:
Shipments
..
. do
Stocks end of month
do
Floor and wall tile shipments:
Quantity
thous. of sq. ft._
Value
thous. of dol
Hollow building tile:
Shipments
short tons .
Stocks end of month
do
Vitrified paving brick:
Shipments
thous of brick
Stocks, end of month
do
' 4, 994 r 5, 822
r 1, 254 ' 1, 449
' 6, 546
1, 643
r
r
r
5, 671
1, 444
r
r
GLASS PRODUCTS
Glass containers:
Production
._ . thous. of gross . 5,128
76.7
Percent of capacity
5, 117
Shipments, total
thous. of gross
240
Narrow neck food*
do
Wide mouth, food*
..
_
do. .. 1,038
42
Pressed food ware*
do
412
Pressure and non-pressure* .
do. _.
368
Beer bottles*
do
843
Liquor ware*
__ .. do_ _
1,493
Medicine and toilet*. _
do.
434
General purpose*
do
213
Milk bottles*
do
13
Fruit jars and jelly glasses*
do. _.
9,979
Stocks, end of month
do
Other glassware, machine-made:*
Tumblers:
4,200
Production
. thous. of doz
4 424
Shipments
do
Stocks
.- do
8,115
Table, kitchen and householdware, shipments
3,400
thous. of doz..
Plate glass, polished, production, thous. of sq.ft. - 18, 266
Window glass, production
thous. of boxes. . 1,417
87 3
Percent of capacity
199
872
37
356
206
689
1,360
319
170
6
211
883
37
510
295
637
1,254
306
171
18
248
955
41
637
397
617
1,269
317
200
59
281
932
31
640
781
842
1,131
273
200
102
315
953
28
466
358
624
1,129
285
207
149
657
1,016
34
304
186
456
1,363
304
208
106
820
879
32
145
91
726
1,284
313
208
49
423
950
40
106
105
1,028
1,608
323
201
14
170
808
31
126
102
1,137
1,230
258
197
5
138
686
33
189
154
803
1,041
269
198
3
189
961
41
224
140
589
337
206
9
205
909
37
275
167
676
351
199
8
10, 078
10, 234
10, 078
9,180
9,331
9,655
9,292
9,247
9,432
9,988
10, 109
10, 097
3,931
3,809
7,688
3,995
3,974
7,708
3,877
4,048
7,537
3,648
3,628
7,560
3,595
3,598
7,572
3,841
3,813
7,597
3,450
3,331
7,737
3,887
3,642
7,991
3,056
2,804
8,160
3,199
2,876
8,455
3,200
2,641
8,775
3,694
4 004
8,419
2,883
14, 302
1,107
68.2
2,745
12,367
1,023
63.1
2,668
11, 721
1,068
65.8
2,185
9,783
908
55.9
2,088
8,522
994
61.1
3,325
12, 533
993
61.1
2,647
14, 091
1,002
61.7
3,763
17, 070
1,349
83.1
3,006
16, 059
1,264
78.0
2,456
17, 491
1,458
89.8
2,316
19, 350
1,561
96.2
2,905
15, 664
1,397
86 1
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
T
172, 869
584, 627
577, 799
313,340
917, 234
869, 174
531,032
1,128,862
969, 578
131, 547
263, 028
250, 080
244, 975
344, 553
29,951
5,819
335, 530
235, 890
6,296
93, 344
509, 602
30, 444
7,303
519, 767
384, 195
8,329
127, 243
556, 560
29,850
7, 393 ,
591, 878
453, 124
8,475
130, 279
430, 090
33, 358
6,447
621, 768
388, 230
6,816
226, 722
387, 969
1,033,403
888, 078
Revised.
*New series. Data for glass containers beginning January 1934 are shown in table 49, pp. 16 and 17, of the November 1940 issue; earlier data on glassware other than containers are shown in table 2, p. 17, of the January 1941 Survey.
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
March
May 1941
March
April
May
June
July
1941
August
SepNovem- Decemtember October
ber
ber
January
February
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
.
thous. of dozen pairs
Shipments
do
Stocks, end" of month . ...
do'
12, 105
12, 495
24, 029
11, 097
11,465
24, 583
10, 679
10,133
25, 071
10, 660
10, 108
25, 566
9,711
8,835
26,384
COTTON
Consumption
bales 854, 179 627, 194 623, 098 641, 636 565, 416
97,292 433, 842 344, 609 226, 469 133, 530
Exports (excluding linters)§ ._
do
14,292
11, 096
28,184
9,504
12, 374
Imports (excluding linters)§
_do
.100
.098
.095
.100
.097
Prices received by farmers.._.dol. per lb_.
.102
.109
.109
.108
.107
Price, wholesale, middling (New York).. do
Production:
1
12, 287
11, 481
Ginnings (running bales) * thous. of bales
Crop estimate, e q u i v a l e n t 500-lb. bales
i 11, 816
thous. of bales..
Stocks, domestic cotton in the United States,
12, 094
12, 940
11,400
16, 188
13, 907
total
thous. of bales
821
773
753
1,135
982
On farms and in transit -.
. _ do __
10, 699
10, 058
9,545
13, 209
11, 378
Warehouses
do
1,263
1,102
1,844
1,420
1,547
Mills
-- - do ..
9,418
9,244
26, 701
11, 174
12, 396
25, 621
11, 257
12, 762
24, 258
13, 586
14,109
23,879
12, 579
12, 975
23,626
11, 279
11, 536
23, 511
11, 747
11 822
24, 435
11, 558
11 573
24, 419
622, 723
136, 751
18, 254
.095
.104
654, 503
64,743
10, 153
.092
.098
639, 252
90,555
3,991
.092
.097
770, 702
194, 251
15, 926
.094
.096
744, 088
144, 710
12, 026
.094
.100
775, 472
107, 375
5,906
.093
.102
843 274
52, 184
9,624
.095
.104
793 626
60,597
14, 210
.094
.107
32
606
3,924
9,084
10, 870
11 433
11, 931
2r
10, 619
12, 554
9,086
22, 316
12, 551
9,085
21, 638
10, 203
10, 703
732
20, 842
5,719
13, 826
1,297
19, 808
3,488
14, 697
1,623
18 924
2,137
15 014
1,773
18, 033
1,583
14, 636
1,814
7 193
1,337
14 009
1,847
620
913
680
COTTON MANUFACTURES
Cotton cloth:
Exports§
thous. of sq. yd_. 38, 513
7,796
Im ports §
.
- do _
Prices, wholesale:
18.17
Mill margins
- - cents per Ib
.066
Print cloth, 64 x 60
dol. per yd._
.078
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:
22, 796
Active spindles
- thousands
9,573
Active spindle hrs., total.. _
mil. of hrs-_
392
Average per spindle in place
hours ._
Operations
- --pet. of capacity. . 116.7
Cotton yarn, wholesale prices:
.288
22/1, cones (factory)
dol. per Ib- _
.388
40/s, southern, single, carded, Boston__.do
RAYON AND SILK
Rayon:
35.2
Deliveries (consumption), yarn*— mil. of lb__
2,261
Imports§
thous. of Ib
Price, wholesale, viscose, 150 denier, first
.530
quality, minimum filament,*. -.dol. per lb_.
9.7
Stocks, yarn, end of mo.t
mil. of Ib
Silk:
25, 828
Deliveries (consumption)
. _. _ bales
3,453
Imports raw§
thous. of Ib
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
dol. perlb.. 2.816
Stocks, end of month:
Total visible stocks
bales 211, 174
49, 904
United States (warehouses)
do. _
34, 865
4,808
34, 943
5,813
28,470
6,608
24, 627
6,329
26, 288
4,767
24, 409
5,216
24, 413
6,919
26,709
5,136
29,954
11, 420
27, 734
7,581
34, 944
7,060
33, 937
9,791
11.59
.049
.058
11.40
.050
.059
11.37
.047
.058
10.68
.046
.057
11.00
.047
.058
11.23
.048
.058
12.26
.050
.059
13.31
.052
.062
14.24
.054
.065
14 50
.054
.066
14.94
.055
.067
16 00
.057
.073
127, 278
103, 328
5,060
110, 882
127, 614
97, 199
4,776
103, 563
126, 968
89, 204
4,889
98, 336
109, 278
78, 468
4,612
80, 744
120, 709
92, 116
6,491
88, 482
129, 250
102, 085
6 786
100, 752
132, 912
108, 029
5,924
104, 345
154, 479
126, 610
8 238
110, 657
164, 079
129. 878
6 535
105, 468
155, 770
119, 889
5 668
108 886
164, 610
122,
954
T
6 304
r
107,857
159, 429
120 108
5 528
107 358
22, 553
7,920
318
94.6
22, 289
7,995
321
92.0
22, 213
8,035
324
89.4
21, 955
6,960
281
87.9
21, 919
7,548
305
86.6
22, 078
7,872
318
90.4
22, 278
7,867
320
96.7
22, 457
9,276
378
103.3
22, 686
8,614
352
105.9
22, 818
8,657
353
105.0
22, 821
9,901
404
112.1
22, 769
8,920
365
r
114.0
.248
.344
.228
.338
.222
.338
.219
.321
.227
.325
.227
.325
.227
.325
.257
355
.267
.377
.268
.403
.272
.404
.274
.390
29.8
1,279
31.1
1,962
32.2
571
31.4
669
32.1
391
34.0
441
30.9
224
36.7
386
34.8
1,576
34.0
2 466
34.3
1 660
31.6
1 774
.530
10.4
.530
11.7
.530
12.5
.530
12.8
.530
11.1
.530
9.9
.530
8.3
.530
6.9
.530
6.7
.530
6 3
.530
8.9
.530
10 0
21, 685
2,213
21, 740
2,494
18, 997
2,925
17, 307
2,356
22, 766
3,827
30, 189
4,761
28, 828
3,739
39, 877
6,490
36, 374
7,219
23, 113
4 429
28, 425
3 263
28,111
2 430
2.540
2.529
2.561
2.698
2.585
2.562
2.560
2.589
115, 111 151, 698
43, 211 46, 898
172, 254
44, 454
184, 797
48, 297
195, 330
60, 330
225, 248
72, 248
224, 363
63, 433
214 836
54, 106
2.951
2.681
2.794
2.724
87, 087
45, 887
85, 798
42, 698
92, 485
43, 285
90, 122
41, 822
WOOL
17, 502
18, 666
16, 099
21, 831
33, 981
34, 631
72, 677
73, 045
56, 313
Imports (unmanufactured)!
thous. of lb._ 72, 458 38,529 22, 065 18, 466
Consumption (scoured basis) :^
17,
065
28,
431
24, 799
28, 609
17,
709
17,
471
19,
373
38,
672
39, 240
33, 821
36,232
34, 012
40, 115
Apparel class
.do
6,524
7,941
8,544
5,798
6,061
7,340
11, 387
8,969
7,571
11,008
10, 965
9,352
10, 712
Carpet class
do
Machinery activity (weekly average) :J
Looms:
Woolen and worsted:
1,209
1,407
1,744
1,129
1,088
1,558
1,694
1,884
2,148
2,197
2 411
2,428
2 256
Broad
thous. of active hours
52
70
67
72
60
58
58
85
78
63
71
80
62
Narrow
_ ._
do
183
152
149
125
177
186
206
198
201
233
166
246
202
Carpet and rug
do
Spinning spindles:
54, 658
72, 506
80, 359
83, 665
60, 724
68, 147
88, 027
90, 421
55, 888
94, 789
90, 418
98, 398
Woolen
.
do__. 99, 589
51, 173
61, 167
85, 527
51, 750
72, 934
115, 309
88, 005 104, 332 103, 556 107, 978 104, 279 115 206
66, 718
Worsted
-- do
87
94
143
100
137
216
182
179
192
146
158
188
210
Worsted combs
do
Prices, wholesale:
.89
.86
.87
.89
.92
.90
.88
1.08
1.05
Raw, territory, fine, scoured
dol. per lb._
1.10
1.09
1.10
1.10
.35
.39
.36
.37
.39
.46
.44
.46
.44
.44
.39
.40
Raw, Ohio and Penn.,
fleeces
do
.46
Suiting, unfinished worsted, 13 oz. (at
1.931
1.931
1.931
1.931
1.931
1.931
1.931
2.030
1.931
1.931
1.918
2.005
mill)
dol. per yd-1.931
Women's dress goods, French serge, 54" (at
1.114
1.114
1.114
1.114
1.158
1.114
1.188
1.225
1.153
1.213
1.213
1.213
1.213
mill)
__-dol. per yd-.
Worsted yarn, %z's, crossbred stock (Boston)
1.294
1.256
1.300
1.250
1.290
1.395
1.300
1.519
1.288
1.488
dol. per lb_1.450
1.463
1.450
44, 896
52, 905
30, 278
31, 759
47, 060
36, 123
29,961
13, 553
50, 365
49, 597
51,809
Receiptsat Boston, total
thous. of lb.. 57, 745
(3)
8,104
25,
214
44,
472
22,
540
22,
912
41,
790
7,151
16,
328
5,342
30,
393
4,633
4,129
6,298
Domestic
do
5,449
6,544
8,433
3,106
19, 795
7,049
50, 595
16, 667
7,738
45, 732
47, 680
Foreign
_
_
do
43, 299
(3)
Stocks, scoured basis, end of quarter, total
r
127, 546
98, 860
128, 585
162, 962
!42
152
thous. of Ib
r
41, 815
41, 338
47,508
50, 718
48, 388
Woolen wools, total
do
r
28, 181
35, 183
29, 450
27, 651
26, 957
Domestic
do
r
13,
634
12,
325
23,
761
11, 888
20 737
Foreign
do
r
57, 045
81, 077
112, 244
86, 208
93,
764
Worsted wools, total
do
r
22, 825
57, 219
59, 436
17, 933
29 009
Domestic
do
r
21, 641
34, 220
94, 311
28, 989
64, 755
Foreign
do
2
* Revised.
• Total ginnings to end of month indicated.
1 Total ginnings of 1939 crop.
Dec. 1 estimate of 1940 crop.
3 Not available.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 issue. .
11 Data for April, July, and October 1940 and January 1941 are for 5 weeks; other months, 4 weeks.
{Monthly data beginning January 1930, corresponding to monthly averages shown on p. 155 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
*New series. For monthly data on rayon yarn deliveries beginning 1923, see table 41, p. 16, of the October 1940 issue. The new rayon price series replaces the data shown
in the 1940 Supplement Earlier monthly data will be shown in a subsequent issue.
SURVEY OF CURRENT BUSINESS
May 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
55
1940
March
March
April
May
June
July
1941
August
Novem- Decem- January FebruSeptember October
ber
ber
ary
TEXTILE PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity
Stocks, end of month.. __ ..thous. of gross. _
Fur, sales by dealers
__thous. of dol..
Pyroxylin-coated textiles (cotton fabrics) :
Orders, unfilled, end of mo-.thous. linear yd._
Pyroxylin spread
thous. of Ib .
Shipments, billed
thous. linear yd
(i)
(i)
0)
0)
' 2, 765 '5,324
(i)
0)
38.8
6,498
4,237
41.0
6,539
3,813
40.5
6,541
4,263
28.8
6,437
2,403
30.4
6,304
3,377
44.6
6,400
4,273
50.7
6,499
3,734
(i)
0)
1,894
(i)
0)
2,229
5,520
6,692
7,100
2,227
4,769
4,978
2,118
4,772
5,003
2,040
4,102
4,504
2,244
3,931
4,030
2,807
4,435
4,430
2,499
5,366
5,353
2,860
5,128
5,106
3,012
5,851
5,842
3,801
5,776
5,776
3,694
5,463
5,718
3,896
5,993
5,881
(i)
0)
' 4, 936
T
r
4,443
6, 262
6, 499
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft §
Exports^
....
number
do .
481
323
191
430
233
490
295
599
372
665
235
808
383
802
284
938
334
697
287
509
366
458
344
11, 177
4,782
2,797
730
443
4,265
6,299
8,774
3,523
9,877
1,558
1,096
8,859
132
8,449
93
13, 276
1,382
9,005
1,521
611
8,796
608
8,574
26, 497
10, 863
15, 634
15, 793
8,184
17, 183
11, 263
5,753
16, 857
7,071
19, 943
18, 017
15, 912
9,786
10, 418
10, 235
7,246
8,666
17, 252
7,609
9,307
7,876
14, 609
143, 483
83, 054
59, 879
165, 304
96, 272
68, 386
212, 331
216, 818
AUTOMOBILES
Exports:
Canada:
Assembled, total
_
..number-Passenger cars
.
do
United States:
Assembled, totalj
do .
Passenger cars^
do
Trucks?
do .
Financing:
Retail purchasers, total
-thous. of doL.
New cars
do
Used cars
do
Unclassified
do
Wholesale (mfrs. to dealers)
do
Fire-extinguishing equipment, shipments:
Motor apparatus
number
Hand extinguishers
do
Production:
Automobiles:
Canada, total
do
Passenger cars _ _ __
_..do .._
United States (factory sales), total do
Passenger cars
do
Trucks
do
Automobile rims
thous of rims
Registrations:
New passenger cars
number
New commercial cars
do
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants . . d o
United States sales:
To dealers
_
_
_ do
To consumers
do
Accessories and parts, shipments:
Combined index
Jan. 1925=100
Original equipment to vehicle manufacturers
Jan. 1925=100._
Accessories to wholesalers
do
Service parts to wholesalers
do
Service equipment to wholesalers
do
797
21, 064
8,834
12, 230
550
(2)
(2)
2,666
8,146
3,727
7,536
170, 151
96, 518
72, 980
166, 922
95, 038
71, 241
166, 034
92, 744
72, 626
137, 961
71, 574
65, 774
109, 962
55, 797
53, 711
151, 899
89, 475
61, 933
152,009
88, 575
62, 928
160, 956
93, 350
67, 065
147, 186
80, 739
65, 939
158, 693
89 541
68, 574
201, 068
162, 101
141, 977
42, 111
114, 874
221, 253
220, 941
253, 778
236, 871
248, 288
(22)
()
(22)
()
(2)
(2)
(22)
()
(22)
()
(2)
(2)
(2)
(2)
(2)
(2)
13, 993
1,510
75, 873
46, 823
15, 475
3,410
269, 108
224, 470
44, 638
1,356
21, 151
7, 056
493, 223
421, 214
72, 009
1,759
23, 621
10, 814
487, 352
407, 091
80, 261
1,808
23, 364
11, 653
483, 567
396, 531
87, 036
1,790
23, 195
11, 990
500, 931
411, 258
89, 673
2,032
23, 710
10, 647
485, 523
394, 483
91, 040
2,131
148, 000
39, 224
290, 495
48, 356
301, 430
46, 618
334, 073
51. 095
299, 179
61, 712
300, 466
55, 900
654
6,463
642
664
613
79
71
35, 358
34, 135
37, 619
37, 762
16, 612
21, 277
12, 677
391, 215
325, 676
65, 539
1,744
17, 930
14, 468
423, 620
352, 922
70, 698
1,918
19, 687
13, 487
432, 746
362, 139
70, 607
1,823
344, 636
286, 040
58, 596
1,266
231, 703
168, 769
62, 934
312, 371
53, 093
353, 239
55, 982
345, 748
51, 553
318, 615
43,504
315, 246
50, 913
211,031
68
26, 044
12, 093
507, 868
410, 258
97, 610
646
12,025
65
1,036
6,539
2,339
4,200
8,739
3,397
825
29,050
1,075
48, 980
2,591
3,162
454
492
9,525
507
7,782
541
509
6,943
10, 309
579
247, 683
193, 522
196, 747
185, 548
167, 310
110, 659
24,019
124, 692
226, 169
217, 406
223, 611
235, 422
226, 609
226, 592
253, 282
181, 066
174, 625
183,900
171,024
165, 820
151, 661
173, 212
99, 664
145, 064
21, 154
100, 782
116,031
207, 934
186, 016
198, 064
181, 421
204, 473
174, 610
218, 578
168, 168
208, 214
187, 252
183, 481
97, 527
210
164
170
157
140
126
151
178
190
183
179
207
214
232
128
168
214
174
82
158
139
178
91
174
140
162
89
172
131
139
86
165
117
101
93
172
120
147
98
196
126
185
132
200
139
235
149
199
142
231
125
180
156
228
122
180
143
245
115
170
162
244
115
174
182
1,644
1, 645
1,648
1,649
1,646
1,642
1,641
1,642
1,638
1,638
1,640
1,642
1,641
101
6. 3
41, 091
27, 756
13, 335
155
9.6
21, 112
13, 546
160
9.9
17, 460
153
9.5
16, 933
144
9.0
19, 765
13, 477
6,288
138
8.6
18, 456
12, 278
6,178
131
8.1
16, 892
9,010
117
7.3
27, 459
7,566
11,051
6,409
164
10.2
15, 039
114
7.1
30, 184
22, 738
109
6.8
34, 202
25. 866
108
6.7
40, 030
26, 427
13, 603
107
6.6
37, 981
23, 787
14, 194
5,704
6,604
6,675
6,506
6,226
6,276
6,076
5,914
14.9
115
102
5,853
9
6
6,155
15.4
131
122
13
13
5,812
14.7
132
113
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars, end of month:
Number owned
thousands
Undergoing or awaiting classified repairs
thousand s__
Percent of total on line
Orders, unfilled
_ cars
Equipment manufacturers
do
Railroad shops
do _
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
number-Percent of total on line -_ .
.
Orders, unfilled
number. _
Equipment manufacturers
._ do .
Railroad shops
....
. do
14.4
166
148
18
16.2
59
29
30
16.4
54
32
22
9,772
5,267
6,781
16.8
88
70
18
9,974
6,959
6,653
16.5
97
84
13
16.2
115
106
15.5
114
108
7,882
15.7
130
118
12
18,700
8,759
9
7,446
15.2
116
103
13
8,336
14.7
120
107
19
(17. S. Bureau of the Census)
Locomotives, railroad:
152
232
M60
277
272
285
354
139
146
269
645
'515
170
Orders, unfilled,
end of mo., total.. .number. _
252
415
124
209
244
315
468
108
126
243
602
144
251
Domestic1, total
._ _. . ..
._ do
122
115
129
81
109
125
87
157
28
72
70
126
196
Steam
_
do
122
286
56
43
143
122
72
125
118
200
311
80
406
Other
_
do
73
68
37
54
52
63
39
44
35
30
44
40
68
Shipments, domestic, total
do...
22
24
11
15
2
5
7
8
8
5
7
0
6
Strain
do
46
49
23
48
30
46
44
39
32
38
35
40
57
Other
.
. do .
Locomotives, mining and industrial:
132
141
117
138
Shipments (quarterly), total*
number
79
55
.67
80
Electric total
J
do
52
76
67
67
For minin0' use
do
77
38
71
61
Other*
do....
f
* Temporarily discontinued by reporting source.
Revised.
* Comparable data not available.
§Designation changed from "commercial licensed" or "civi] aircraft'' (1940 Supplement).
{Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and fire not comparable with data here «hown.
IData revised for 1939. See table 14, p. 17 of the April 1941 Survey.
*New series. Comparable data on total shipments are available only beginning January 1940. '* Other" includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives; these are largely industrial; data for 1939, the earliest available, are as follows: first quarter, 21; second, 20: third, 26; fourth, 52.
56
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may he found in the
1940 Supplement to the Survey
1940
1941
March
May 1941
March
April
May
June
July
1941
August
Sep.
Novem- Decemtember October
ber
ber
January
February
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT— Continued
(American Railway Car Institute}
Shipments:.
Freight cars, total
Domestic
Passenger cars, total
Domestic
.
.
_ number do
_ do-._
do
5,022
4,987
21
21
6,648
6,548
4
4
5,900
5,400
1
1
3,262
3,061
6
6
1,588
1,478
5
5
1,543
1,543
28
0
2,356
2,356
12
12
2,888
2,836
10
10
3,704
3, 586
10
10
4,134
3,981
8
8
4,624
4 301
54
54
5,272
5 256
0
o
4 122
4 057
2
2
11
6
5
16
10
6
26
9
17
20
18
2
14
13
1
14
12
2
16
13
3
13
9
4
19
14
5
11
10
1
4
3
1
12
8
4
17
12
5
132
119
13
109
98
11
147
137
10
135
121
14
128
120
8
134
124
10
141
134
7
165
157
8
180
174
6
202
165
37
( 17. S. Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total
Electric
_
Steam
number
do
do
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS*
Shipments, total _.
Domestic
Exports
- number..
do
do
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
1926=100
Grain
do
Livestock
do
Commodity prices:
Cost of livingt
1935-39=100
Wholesale prices
1926=100..
Employment (first of month, unadjusted):
135.3
Combined index
do
83.0
Construction and maintenance
do
150.8
Manufacturing
__ _ do
168.7
Mining
do
150.2
Service
- - do 145.7
Trade
do
90.5
Transportation
do .
Finance:
Bank debits..:
mil. of dol—
90"
Commercial failures
numberLife-insurance sales, new paid for ordinary f
thous. of dol— 33, 700
Security issues and prices:
42, 524
New bond issues, totalt--do
Bondyieldst
1935-39=100..
Common stock pricest
do .
Foreign trade:
102, 995
Exports total
thous of dol
11, 623
Wheat
thous. of bu
Wheat
flour
thous. of bbl
Imports
.
thous. of dol 107,982
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
102
Pig iron
thous. of long tons
195
Steel ingots and castings
do
Wheat
flour
thous. of bbh.
106.3
120.0
117.8
115.0
116.5
115.8
109.0
113.4
134.0
179.6
f 112. 3
127.9
113.0
146.4
128.8
139.9
123.0
129.6
120.8
120.5
120.9
128.6
130.1
129.0
129.7
128.3
130.5
126.1
132.1
131.9
157.4
130. 2
' 124. 2 r 128. 6
128.6
133.8
136.0
137.3
137.3
126.5
143.9
169.3
143.9
134.4
142.3
148.6
223.0
f 114.0
148.6
132.2
124.4
146.4
143.4
»• 108. 8
146.4
124.7
117.1
146.9
278.2
109. 0
146.9
123.2
128.0
140.6
187.4
«• 111.4
142.3
117.2
123.5
145 1
244.3
116 7
141.9
126 2
122.7
138 3
223.8
115 7
134.0
121 3
125 0
91.5
96.0
120.4
115.9
108.9
95.9
110.7
121.4
129.5
107.8
99.0
117.1
142.3
125.8
109.2
99.3
114.9
154.2
124.6
109.8
102.1
126.8
139.3
130.6
109.9
102.3
120.0
153.4
141.4
110.6
98.2
107.2
135.5
128.3
112.3
99 2
108.8
119.3
148.8
112.8
100.3
114.8
132.7
136.0
112.5
107.1
125. 1
119.9
171.6
116.8
105.4
123 3
130.5
171 0
115.3
105. 1
118 8
148.2
152 7
115.8
36.7
29.2
70.1
60.4
53.4
91.7
114.7
122.7
79.0
91.7
93.9
81.4
131.6
136.6
108.9
101.8
102.2
100.0
60.3
52.0
97.7
52.8
41.8
101.8
82.0
78.7
96.3
113.8
117.5
97.3
116.4
123 7
83.8
104.6
83.2
104.6
83.1
104.9
82.1
104.9
81.6
105.6
82.4
105.9
82.7
106.4
83.1
107.0
83.3
107.8
84.0
108.0
84.2
108.3
84.6
108.2
85.2
113.5
55.4
122.6
167.1
132.6
134.9
83.0
111.9
59.6
123.4
164.4
133.4
137.6
82.8
114.3
68.4
125.7
164.5
138.2
138.3
88.8
120.9
90.5
129.2
166.7
142.5
140.7
90.3
124.7
105.0
130.3
167.2
149.2
142.8
93.7
127.9
114.3
134.4
168.1
155.4
141.4
94.8
131.6
121.1
138.4
170.2
157.1
142.9
94.6
136.2
121.1
143.8
172.3
147.3
146.8
94.3
139.2
120.5
144.6
174.0
148.8
148.9
93.5
139.1
105.9
144.7
172.6
147.8
154.4
92.5
134.2
83.0
142.5
167.6
149.5
160.8
88.7
135. 2
82.5
147.4
169.1
148.6
147.0
39.4
2,413
111
2,938
98
3,340
100
2,682
91
2,623
99
2,458
86
2,571
66
3,527
79
3,049
92
3,208
95
2,941
79
2,540
105
r 106. 8
120.0
' 119. 4
r
30, 265
32, 248
31, 779
28, 530
28, 159
24, 698
26, 156
31, 210
32, 899
33, 727
28,326
31, 500
95, 037
101.9
90.3
89, 109
100.2
88.4
480, 819
99.8
73.3
75, 793
101.4
65.5
83, 162
101.1
66.1
84,668
100.0
69.3
404, 627
98.9
75.8
108, 976
98.6
74.2
108, 576
98.0
74.5
330, 167
97.0
70.3
84, 235
96.3
71.3
115, 271
96.1
66.5
83, 465
8,628
716
76, 734
84, 693
5,082
520
85, 980
110, 764
23, 466
723
100, 537
111,622
13, 570
509
90, 705
101, 463
11, 868
314
89, 496
111, 360
11,401
576
96, 836
102, 778
9,500
551
86, 287
106, 791
9,659
750
108, 645
118, 404
17, 278
683
102, 284
98, 711
11, 762
346
102, 302
88, 953
4,880
100, 532
9,460
98, 382
89, 632
195
219
237
240
248
256
252
281
259
231
229
218
30, 145
25, 643
3,271
29, 916
25, 569
3,077
34, 630
27, 303
5,760
36, 914
27, 557
7,657
38, 398
30, 402
6,042
37, 409
30, 240
5,166
37, 319
29, 463
6,248
40, 504
28, 573
10, 257
38, 869
26,964
10, 024
40, 221
28, 602
9,944
2,559
168
2,785
124
2,930
141
3,504
180
3,260
219
2,987
248
3,385
190
3,547
172
3,371
158
3,772
278
2,426
92
157
1,257
2,399
84
153
1,344
2,672
93
174
1,283
2,579
89
166
1,170
2,615
96
170
1,223
2,500
89
172
1,291
2,400
105
165
1,636
2,487
109
185
1,873
2,525
110
176
1,588
2,584
110
185
1,076
2,635
103
186
1,177
2,407
91
173
1, 462
«• Revised.
tData on life-insurance sales revised beginning September 1936; for revisions see p. 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p. 56
of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base; earlier data for these series will be shown in a
subsequent issue. Common stock price and bond yield indexes have been converted to the new base by multiplying the old series by a constant. The production and distribution indexes have been completely revised and no comparable data prior to January 1940 are available at this time. Complete 1940 data for production and distribution
indexes are shown on p. 56 of the April 1941 Survey.
JBeginning 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.
O
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