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NOVEMBER 1940

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE



WASHINGTON
VOLUME

20

NUMBER

If

Bit i win of M hies
Vl I

1

_s YEARBOOK
1940
Reneit of 1.959
PRfCr * ^

The Complete

t\v
4

Bureau of Mines

•^ .in eu-iiomic review and
• •rrv «)} HJC United States in

< . I -rm?!',!,'

ai.Mun, w'TiSumption, prices,

Official Record of

iksinon^ and international

Mineral Product ion in

• u n .lie.*;'! commodities. It
j!u!i!- tr\ 'urrJshed through

the United States

- ( " •! f):vision, [n response
:>

icip 'sr providing adequate

i d^iLi:-,. :htr new Yearbook
-I

i :\- j ' . • i i rlic more impor-

' .'

..( ..,.•! i i whole or in large
'• ) l , .

»'i n«;.J rf\>ub metal produc-

( ] K 1 '

!*h MIM! <tar i stics for 1939

ORDHK NOW!

pr.^cin-. the results of an
AV\

,oi,k-> n\Av hi ohTanu-

tiirr.>is

Complete final

it*-HI the uitire volume with
:•:tiiri;iou -> coal, petroleum,
t-rniiifiit P r i n t i n g OfiiCe

fiicM.1 Chapters contain ade-

Washingio«'•*», I ) . ( .
i. 1 !^! J )

UNITED

STATES




DEPARTMENT

O F T H E INTERIOR

BUREAU

O F MINES

UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
JAMES W. YOUNG, Director

SURVEY OF
CURRENT BUSINESS
A publication of the
DIVISION OF BUSINESS REVIEW
M. JOSEPH MEEHAN, Chief
MILTON GILBERT, Editor

NOVEMBER 1940

Volume 20

Number 11

CONTENTS
Page
skw M»«m
•euk in n'.-v, order*,
* pro-iucium rL-.e.

37 '

Page
ales, 1934-40.

SPLCI \ L ARTICLE
store sales
CHARTS
— M )iHh!y busines > Indicators, 19 46-40
e\es oi the value of construction contrui (
j" **ted for seasonal variation,
v h.)les«!" prires of _H
' basic c")nru')( itli-s
of apparel \\o-»i i*onsi<nintion, adjust!
40
"
'
doli

10

VJ—10.

json.il

-»nal

STATISTICAL DATA
•v or rev ised series:
«
12
al>!e 44 — Paper
13
aiilo 4-1 —Construction cost indev. >.
14
"able 45, -—Steel products—production ior siile
14
able 46 .—Wholesale price of fuel oil, Pennsvlvani.i
15
able 47 .— Secuiities elective under the Securities Act of
16
48 —Operating d a t a of t "lesin.ii: h and cable carriers
16
able 4'/ .— Sl
Shipments off <ilass
lers.
l
18
able r>U— iVder.il r^ceif
Jit ures.
18
able 51..— Index <ff reraii prices of f.>.
18
able 52. —Klectric ranges-—billed
19
nthly I usiness Statistics
eneral Index
,
Inside back cover

I'M o-40
Subscription pries of the monthly and weekly issuei of the SURVEV OF CURRENT BUSINESS $2 a year, Single-copy price: Monthly, 15 centa; weekly, 5 centi.
Foreign subscriptions, $3.50. Price of the 1940 Supplement is 40 centa. Make remittances only to
Superintendent of Documents, Washington, D. C.
270803—40

1




1

SURVEY OF CURRENT BUSINESS

November 1940

Monthly Business Indicators, 1936-40
INCOME PAYMENTS *
100

INDUSTRIAL PRODUCTION *
140

( 1 9 2 9 = 100)

90

m

(>

120

m^—^.

i

,^* 8 ***\^ 1

11

80
|

20

\

|

80

__

J

1936

40

/

SOO

70
60

(VOLUME, 1935-39= 100)

!

;,,„! I
1937

l,,,,,,,, .

1938

1939

60

i l M 1 1 i <; 1 1 1 M l 1 I 1 i l I M

1940

1936

FACTORY EMPLOYMENT AND PAYROLLS
(1923-

-----

- -

'-•

IRON AND

l

25 = 1 0 0 )

--j

—

\ ^0&^^FACTORY

••—

—

1937

1938

i

EMPLOYMENT
\

"".AC TORY PAYROLLS

i

0

i i 1 1 i II 1 1 1 i 1 I ' . 1

1937

1938

1939

100

T

I

!

!

i

|

*^

80

1936

1938

1939

100)

j . ,

::|I

(1926

II III ! ! M ||




M M

1937

l!

! M M

1938

i

!

i - • 1 - I ' i i

1937

, i , i .

1 1 1 1

1938

_LJ_

1939

1940

=100)

Af V A !—

\

100

V

1936

U-\-1 i

120

V

80

*

i

140
—_ _ _ _ /

J<

PRICES OF 350 INDUSTRIAL STOCKS
bO

100

70

1

i._

1936

1940

DEPARTMENT STORE SALES *
- 25 =

1940

i
I

0
1937

!,.,.

METALS AND PRODUQS

\

M i M

(!923

1

j

100

50

1936

90

•

!

\

40

OF NON-FERROUS

,
1939

1935-39=100

150

60

I 10

1937

PRODUCTION

^00

j

,
1938

i I I i i 1 iii I I i II i i i ! M

1940

FREIGHT CAR LOADINGS
( 1 9 2 3 - 25 = 1 0 0 )

AT

50

^y***?

60
1936

•

J

j

r~>

120

/

100

!

~

150

00

!940

STEEL PRODUCTION

(1935- 39= 100)

-— 4

w

!939

11 i 11! i

11ii

1939

80 ,,.,,,
1936

! ! 1 1 1 1 M I I I

1940
*

ADJUSTED

FOR

i

SEASONAL

Figure 1.

VARIATIONS

!

\J
Mil!

1937

ml
1938

i . n

i i .

1939

1940
OQ. 4-0-

November 1940

SURVEY OF CURRENT BUSINESS

The Business Situation
the record of business was
INstillTHEonepastof month
continued expansion. Information
recently available indicates an acceleration in the tempo
of the upswing during September and October. Industrial production passed the previous record high of last
December with an unusually sharp advance in new
orders pushing backlogs to a point which assures
further manufacturing expansion through the winter
months, after allowing for the usual seasonal changes.
The rise in income payments has been quickened
by the substantial increase in employment, and this
enhanced buying power is being reflected in a large
volume of consumer purchasing. Activity in the construction industry is at a peak for the decade, indicative
of the firm basis of the current upswing. Electricpower output has reached a new record, and freight
traffic, though under a year ago, is moving in good volume. All these signs of advancing economic activity
point to the fact that the stimulating effect of the defense program is penetrating to all areas of economic life.
Year's Peak in New Orders.

vanced only moderately during the year to date, the
index rising from 105 in April to 108 in August. A gain
of over 20 percent in September, however, carried the
index above 130. The largest gains in nondurables in
the month were reported in paper, chemical, and, above
all, textile industries.
The advance in manufacturing operations against the
heavy backlogs which have been accumulated in recent
months led to an abrupt rise of shipments in September, the index of total shipments rising from 124 to 144.
The magnitude of this increase is partly attributable to
the seasonal pick-up in the automobile industry; but,
even excluding automobiles, deliveries in the month
were 12 percent higher than in August. The gain was
about equally distributed between the durable and
nondurable goods industries. Shipments of durablegoods in September exceeded the peak volumes of the
fall of 1939 for the first time this year, and the nondurable-goods industries equaled the high point reached
last September.
Despite this substantial rise in shipments, the flow
of new orders in September was sufficient to bring a
further and marked increase in unfilled-order backlogs.
Continuous increases in the backlogs of durable-goods
industries from May through August had raised unfilled
orders by one-third. At the end of August, unfilled
orders were more than four-fifths above the pre-war
volume. A further gain of almost 20 percent was
reported for September. This increase was somewhat
inflated by a record volume of copper buying; nonetheless, the iron and steel, machinery, and railroad-equipment industries all reported increases in unfilled orders
of about 15 percent.

The increased pace of the business upswing is signal- }
ized by the substantial gain in new orders received by
manufacturers in recent months. A sharply advanced
flowr of new business in September raised the Department of Commerce new-orders index by 26 percent over
the August figure. Primarily reflecting a general move
to lengthen commitments, although also swelled by the
increasing tide of government orders, the September
volume of new business equaled the peak of the buying
wave of last fall made in September 1939.
Every major industry participated in the increased
flow of new business in September. The durable-goods
component again set the pace with a 30-percent gain, Inventories Increase Moderately.
the index rising from 163 to 212. In the recovery from
An increase in new orders of September's magnitude
March through September this index has approximately must obviously derive from a widespread attempt to
doubled. Substantial gains were reported by firms in cover future requirements for a longer period, as is
the iron and steel industry, by producers of advanced indicated in a recent report of the National Association
steel manufactures, copper producers, railroad-equip- of Purchasing Agents. The data as of the end of
ment builders, and by most branches of the machinery September, however, do not show any significant
field. New orders for iron and steel and their products increase in inventories. Manufacturers' stocks rose
were far above those for any other month since October by little more than 1 percent in the month, and the
1939. In the electrical-machinery trade, incoming bulk of that increase may be accounted for by a seabusiness was at a new high for the war period—almost sonal expansion in the automobile industry. A moderdouble the figure of a year ago—while in other machin- ate rise in the durable-goods industries was in largo
ery, the year-to-year comparison showed a gain of part offset by a decrease in the nondurable field,
about 40 percent.
While larger inventories were shown for all durableThe general recognition that some firms were heavily goods industries except nonferrous metals, the increase
booked with defense business and that a near-term in no case appeared to be greater than that required
delivery problem might arise also brought a substantial by current expansion of manufacturing operations.
increase in new orders for nondurable goods. Incoming
Moreover, available data do not reveal appreciable
business in the nondurable-goods industries had ad- inventory accumulation at the higher stages of the




SURVEY OF CURRENT BUSINESS
distributive process. The Department of Commerce
report on wholesalers' inventories shows only a fractional change from August to September, with the
September volume only 2 percent higher than that of
April. In the retail field, the adjusted index of department-store stocks rose but 1 point in September, and
in that month stood above the April figure by the same
amount.
Thus, while orders have been placed in sufficient
volume to yield an inventory increase, such a movement is not as yet under way. Moreover, because of
near-capacity operations in many industries, it is not
apparent that output can be increased over current
levels to an extent sufficient to produce a sizable rise
in inventories. There is still considerable unused
capacity, particularly in consumers' goods, but the
greatest pressure of demand for longer coverage ahead
is not being felt in those branches of industry. Therefore, such inventory accumulation as may eventuate,
provided it is not induced by or does not itself induce
a rise in prices, should give little cause for concern, in
view of the enlarged demand which will be forthcoming
when the defense program is in full swing.

November 1940

Automobile assemblies were accelerated to more than
22,000 units daily in October in the industry's quickest
change-over to a new model. Weekly production at
the end of the month passed 117,000, up from 96,000
at the end of September. With the return of the
automobile industry to full-scale operations, the output
of durable manufactures in October was, by a substantial margin, at the best rate in the period of 22 years
covered by the Federal Reserve index.
Under the stimuli of the defense program and British
demand, activity in the machinery manufacturing
industries was quickened in September. A further
gain was indicated for October, though capacity
limitations in important branches of the industry and
normal seasonal increases will tend to damp any morethan-seasonal development in the immediate future.
In September, lumber footage was increased 7 percent,
and the expansion was carried forward in October.
Production of stone, clay, and glass products, as well
as structural steel and other building metals, also
increased in the last 2 months.
The October gains were not limited to the durablegoods industries. The improvement in textiles in the
month was no less marked. The textile situation is disFurther Production Rise,
cussed in more detail below. Manufactured foodstuffs
H e a v y orders and mounting backlogs have stimu- reversed the downward trend of September. Paper and
lated a renewed advance of industrial production during paperboard production turned upward in October but
the post 2 m o n t h s . After a sharp spring ri<o v\hieh remain substantially below volumes of last October.
lifted the Reserve Board's index from 111 in April to During the fall months the shoe industry showed
121 in J u n e , aggregate o u t p u t hold steady through evidence of recovery from its spring and summer
August wlih allowance for seasonal factors.
But Sep- slum]).
tember witnessed a marked increase as (he index rose
Only two major industries ran counter to the general
lo J25, and with a further rise already evident for trend- bituminous coal, off conspicuously, and crude
October it appears t h a t industrial production moved petroleum, moderately lower in the month. Bitumiinio new high ground, surpassing the previous high of
nous-coal production did not dip to the usual degree
I2t> for December J93D. hi September, the durable- this summer. In anticipation of the adoption of minigoods com]) ment had alrendy exceeded 'me December mum price schedules, originally set for September 3
peak.
and finally adopted October 1, coal inventories were
Stool-ingot production pressed forward lo the hi:rho-t
accumulated. The downward movement in crudeweekly tonnage OIL record, as oulp'it was M-hoduled al petroleum production was less pronounced; output in
1,lGi)/>52 ton** for the week ended November 2. For this industry has moved erratically during the past
(lie m o n t h as a whole, r r o d m rAH\ iiKTeuM-d \t, [)V> per- year.
cent of capacity, from 02 :x month v-jriier and 87 ii(
Electric-power consumption in October affords an
Vugusl, bettering the industry's ;>ivviou-' jnonthlv peak over-all indicator of the persistent upward movement
:uad' 4 in \ovomL<T VJIV.K Orders c<»i:t UHI'M; M> r\:i
during the period. New all-time power records were
ahead of product i«>-i.
established in the final weeks of the month as output
In i'isf-:>iise, to the, >ioeds of iho sfee! i n d ^ t r v , ore passed the 2.7 million kilowatt-hour mark.
One- apparent exception to the general business per°arioudl ! y.is and lake fraU'e \\»M*O I'lainhunou Jiirj'U'1 liir
formance of the month was a level of carloadings
m o n t h at about iho, Sopt-'-mbor lov( !,
For:* addilional
bla-t iv>-u:\i'i< in 1 lio Great La;;:-, a n a v-<-iv bL)\\j. in, lower than those of a year ago. Carloadings for the
:
>(>ostir.ir rho total of active furn.-JvVi deprndhr.; on week ended October 26 were 838,000, which compared
Lak' 1 Superior iron to 109 as of October 1, a g a l ^ i 137 with 856,000 for the peak week in October 1939. This
a year previously. Copper and zi :o shipineiif^ in difference was almost entirely the result of a decline
October continued high, though umK-r September vol- in coal shipments stemming from the lower coal proumes. Brass and bronze manufacturing in September, duction reported above. Other carloadings were higher
stimulated by growing exports, expanded rapidly and than those of a year ago. The miscellaneous classification, which gives the best indication of the rail movecontinued in uood volume in the following m o n t h .



November 1940

SURVEY OF CURRENT BUSINESS

merit of manufactured products, has consistently
exceeded the 1939 volume. The volume of miscellaneous freight has been advancing steadily over the past
several months in conjunction with the rise of general
business activity.
Construction Activity Maintained.
Construction activity in September and October continued a l the high rate of the previous - m o n t h s
Contracts reported for the Hrst half of October wore
somewhat loss than in the same period the pivvious
m o n t h , but the announcement of laru'e defense awards,
coupled with an increased volume of private contract.in the middle of the month, was expected to briim the
total up. While September contracts of S.'Ms.000,0(10
in ->7 States represented a decrease of more than
SO"*,000,000 from the record August volume, the tola!
was still Itu'ge eiumgh io make September one <>f the
s«-\en largest contract mouths of the pa>t decade.
The decrease from August io S'-piemha* wa- in lur<j;e
measure accounted for by ?• decline of *~>\ .000.0(J0 in
])ub]ic construction a w a n k a eomponent which nun.
vary rather widely from iJi,>T11h to month b<ie;iu-v the
contracts awarded uihicr ihe national defense program
are let at irregular intervals and are often for largo
total amounts. The stimulating effect of the national
defense program was clearly evident in the awards for
commercial and factory building :vnd for residential
construction, boih of which ahoui equaled their iveord
August totals. \Yh«-n it U recalled tlial residential
awards of *1 r^jMMUXM) in August were the highc-t
since July 1929, it is ap])aront thai this type of construction has reached a point where its magnitude is a
factor of considerable strength to the general economic
situation.
Income and Employment.
Kising ))roduction and eniploynient carried income
p a y m e n t s to the highest mark of the decade during
September, and it is apparent that the rising trend
continued through October. September income1 pavnienfs totaled So, -140,000,000. ns oompaivd with
$r>,7S7,OOO,OOO in August and $0,02.">,000,000 in September of last year. This is the largest percentage
change4 over t\\c corresponding month a year ago yvt;
recorded this year. Tho advance was shared bv all
income groups. Income from salaries and wairos.
which constitutes approximately two-thirds of total
income, reached -SI,01 1,000,000, an increase of 1 percent
in tho month, on a seasonally adjusted 'oasis, and 7
percent greater than that of September 1030.
T h e rise in income payments since April resulted
in an aggregate of $5:1.902,000,000 for the first 9 months
of the, year, 5.7 percent more than for the same period
last year. Virtually every industry contributed to the
rise. Salaries and wages in commodity-producing
industries advanced 11 percent from April to September



|
.
I
•
i
;
•
;
;
:
•

after seasonal adjustments, while pay rolls in the distributive and service industries increased 4 percent
over the same interval. Government pay rolls remained unchanged over the same months, a moderate
rise in nonrelief employment being offset b y a drop in
work-relief wages.
F a r m income again turned upward in September after
declining in the late summer months. T h e index of
cash income from farm marketings rose )> points in
September to roach a level of 74 (1924-20 = 100), only
slightly in excess of that in the corresponding month a
year ago. Some of the monthly gain was attributed to
unsea-onal shifts in the, volume of marketing duo to
lateness in the harvesting of certain crops.
flowo\er,
it is noteworthy that farm prices continued their modorate increase in September and October after their
irregular decline from the beginning of the year to A u gu.-t. Si'ice crop production i- estimated to ho moderaiejy higher than in 10'>0 and exporN have born -ori-.
(VALUE. IS? 3 - 25 - ! 0 0
3-MONTH MOVING AVERAGE)

20

1936

1937

1939

1940

i'Uiiv .?.—-iT<fk-\i-s of t h e Valuo *>? Construction Contracts Awarded in 37
Mutt's, UljuKtcri for Seasonal Variation. I'Mft—lfl (ISoard of Cimornors of
I'm !-"ci!or:;l Reserve S\stom>.

<»u>ly cor;wilod, iho price i;d\ance was largely a reflection of increased d(»me^tic dc^manrl steinniin^ 1 from rising
ha-ine-s activity, thouirli the loan and purchase proura.sis of the (rovornnient did much to i\\u'uiarizo tho
t!ow of cc»mmodili<is into markets. The drop in exports
has MTinu-ly ad'ectod tlw marketing of only a fewmajor crop*--, cotton and tofiacco 1 >oin**; iho most
important.
The Bureau of Agricultural l^ocuiomics now expects
farm income to }>o #0,000,000,000 in 1040, as against
£S,."> 10,000.000 in IWW, This was surpassed only once
since 1020- in 10o7, wln^n income was $0,111,000,000.
Nowhere )\i\< the sharp increase in hu^ino-s activity
\)rcn more t^vidc^nt t h a n in the increased industrial
employment of the past several months. More than
('•00,000 persons were added to nonau'i'icultural pay rolls
in September, following an increase of 400,000 in
Au<j"u*t. Since February almost- 2,000,000 persons
have been added to total employment in nonairricultural
industri(»s. The adjusted index of factory employment
advanced from 00.2 in April to 10,'J.f) in August and to
104.8 in September 1 .

6

SURVEY OF CURRENT BUSINESS

Pay rolls also rose in September with a gain exceeding
the usual seasonal increase fivefold, September pay
rolls in nondurable-goods industries topped those of last
year by almost 5 percent, in spite of a very small decline
in the number employed. Durable-goods industries, of
course, registered much larger advances. The high
operating level of many industries has lengthened the
average work week and increased the payment of overtime wages, both of which have expanded pay rolls.
Some indication of the direct effect of increased
military expenditures here and abroad on employment
in our primary defense industries is shown by the
folio win £ table:
Percent inIncrease in ! crease
in SepSeptember j tember
1940
1940 employ- | employment
ment over av- I over average
erage in 1937 I
in 1937

Estimated
! number of
j wage earners
September
1940

Industry

Aircraft
.....
.....
Shipbuilding
......._.....
Machine tools
j
Engines
...|
Aluminum manufactures
j
Explosives
j

108,400
103,000 !
69,600 I
58,000 ;
30, 000 ]
8,700 i

+84,400
+40,700
+22,400
+25,100
+6,300
+3,300

+351.7
+65. 3
+47. 5
+76.3
+26. 6
+01. 1

|
|
i
i
!
|

It is estimated that employment in all our primary
defense industries increased 203,000 in the 12 months
AUGUST !939 = 100

40

20

1

i

\

ISA

100

November 1940

employment, though probably a little under the August
level. Dollar sales of department stores since August
have averaged higher, on a seasonally adjusted basis,
than at any time since the first half of 1931. In terms
of physical volume, trade at this time presents an even
more favorable comparison with earlier peaks. The
pronounced upward impetus which lifted the department-store index to 99 in August and September,
moderated somewhat in October, But the state of
department-store trade in the past 3 months is indicated by the more-than-seasonal gain of nearly 7
percent from June and July of this year, and the improvement over August-October 1939 of about 8
percent.
In common with other retail divisions, rural sales of
general-merchandise and variety-store sales expanded in
September, but measured against the usual seasonal
patterns for these series, both indexes lost ground.
The rural index receded from 146.0 in August to 127.8
in September, since the actual increase of about 13
percent failed to equal seasonal expectations. The
variety-store index for September, seasonally adjusted,
was 108.1-—down one point from August to reflect a
less-than-seasonal gain of more than 8 percent in actual
sales.
Retail sales of new passenger automobiles were
necessarily low in August and September as the automobile industry shifted assembly lines to the new
models; but October brought a sharp recovery. An
estimated 225,000 cars and trucks were sold in the first
20 days of October, against 194,000 in the entire month
of September. New passenger-automobile sales in 9
months through September were 528,000 units ahead
of 1939, and the new models have met with active
buying which promises to lift total sales for the year
well above the 2,724,000 of 1939 and close to the
3,496,000 of 1936.
Moderate Price Rise.

80

1936

1937

1938

1939

I94O

October witnessed a continuation of the gradual
upward movement in commodity prices which has been
under way since the middle of August. From 105,5 in
the middle of August, the index of 28 basic commodities
had risen to 113.6 by the end of October, 37 percent of
ended in September. At the same time, employment
the gain taking place during the latter month. This
in industries which are engaged primarily in supplying
increase carried the index more than a third of the way
civilian needs but also furnish, semifinished products for
toward last fall's peak of 127.2. Both import and
defense industries, such as steel and chemicals, rose
domestic commodities participated in the October rise.
268,000. The rate of expansion in these primary and
Most metal prices have risen since August. Steel scrap,
secondary defense industries has been greater than that
copper, and zinc all moved upward in September, but
in industries devoted solely to the satisfaction of civilian
have shown little change in October. Lead and tin,
needs. Nevertheless, the magnitude of the indirect on the contrary, increased during the latter month, the
effect of defense spending is partly demonstrated by the rise in tin still being small.
increased employment of 507,000 in manufacturing
The price advance among sensitive commodities has
industries which produce largely for civilians.
continued to make only a small impression on the more
Active Consumer Purchasing.
comprehensive indexes, either directly or through their
Consumer buying continues at the high volume effect upon finished goods. The Bureau of Labor

which might be expected to result from near-record Statistics wholesale price index of 863 commodities
Figure 3.—Index of Wholesale Prices of 28 Basic Commodities, 1936-40
(U. S. Department of Labor, Bureau of Labor Statistics).
NOTE.—Daily figures, August 1939=100. Data shown are for Thursday each week,
January 2, 1936, through October 24, 1940.



November 1940

SURVEY OF CURRENT BUSINESS

road, and utility stocks, however, closed the month
still somewhat below rally peaks recorded during September and early October, although the combined
Dow-Jones average, fractionally above that in early
October, was the highest since May.
Developments in financial markets during recent
months
have continued to involve larger additions to
Exports Lower in September.
the
supply
of bank credit than increases in the demand
Exports of United States merchandise in September
for
such
credit,
although the difference between the
decreased to $288,000,000, a decline of $54,000,000 in
growth
of
supply
and demand is smaller than it was
the month.. Trade with the United Kingdom alone
during
the
first
half
of the year. Gold imports still
was off $23,000,000, of which more than half is attributhave
been
the
major
source
of added bank credit, the
able to smaller aircraft shipments. Inasmuch as spenet
inflow
for
the
year
to
October
23 reaching the record
cial factors may explain shifts of considerable magnihigh
of
$3,600,000,000.
However,
since May, gold imtude from month to month, not too much significance
ports
have
been
partially
offset
by
increases
in Treasury
can be attached to such short-period changes. A large
(and
foreign
bank)
deposits
with
the
Federal
Reserve
part of the September decline was concentrated in those
banks,
an
increase
in
the
volume
of
money
in
circulacommodities which have increased sharply during the
tion,
and
a
decline
in
the
volume
of
Government
securiwar period.
ties held by these banks. As a result, additions of
While a number of influences are at work tending
$2,124,000,000 to the monetary gold stock from foreign
to retard exports of certain commodities and exports
sources during this period brought about an increase of
for cor tain countries—embargoes, our own defense
only $933,000,000 in member-bank reserve balances
needs, and the difficulties in the way of rapidly inwith the Federal Reserve banks. Further expansion of
creasing production—the basic factors point to exloans and investments resulted in only $580,000,000 of
pansion rather than contraction in our foreign trade
this being added to excess reserves. Member-bank
so long as the requirements of British Empire counreserve balances are now at the record level of $14,tries for war materials are immense. Hence it is
148,000,000, of which $6,940,000,000 constitutes excess
apparent that a significant part of the September dereserves.
cline results from lack of supply or irregularities in
During the first 9 months of the war, sales of foreign
deliveries, rather than lack of demand.
gold
to the Treasury appear to have been related
Xo less striking than the aggregate decline in exports
chiefly
to current demands for dollar exchange, and
was the fall in general imports from $220,000,000 in
consequently
foreign official balances in this country
August to $195,000,000 in September, continuing a
evidenced
no
marked
change. Additions to the monemovement initiated the previous month. Receipts
tary
gold
stock
of
$2,464,000,000
of foreign gold in
from Europe fell to less than $16,000,000, the lowest
this
period
found
their
counterpart
in increases of
point since the beginning of the war. Imports from
$2,319,000,000
in
member-bank
balances,
and of
the United Kingdom, Japan, China, Turkey, and the
$75,000,000
in
foreign
balances,
with
the
Federal
Latin American countries were all lower. It is of
Reserve
banks.
In
recent
months,
however,
substaninterest that the major items imported in larger volume
in September were five strategic and critical materials. tial amounts of the proceeds from sales of gold have
Rubber imports reached the highest figure of record, remained in foreign-deposit accounts with the Federal
at 176,000,000 pounds valued at over $30,000,000, Reserve banks and have served to increase the total
rellecting increases both in governmental and private volume of such deposits to the record level of over a
stocks. Imports of tin were the highest on record, billion dollars in October, as compared with about
exceeding 32.000,000 pounds, part of which flowed into $450/300,000 at the beginning of June. To the extent
the governmental stock pile. Copper, nickel and that funds have accumulated in accounts with the
alloys, and wool were the other major commodities to Federal Reserve banks they represent the proceeds of
show an increase in the month. On the other hand, gold sales to the Treasury which have not been paid out
imports of the 24 other strategic and critical materials into the market and thus have not served to increase the
volume of member-bank reserves. Much of the remainwere off in September.
ing
gold import has gone under earmark, $613,000,000
Financial Developments.
having been added since the beginning of the year to
Stocks fluctuated within a narrower range during bring the total on November 1 to $1,776,000,000.
October than in September, although they were more
Since June the Federal Reserve banks have deheavily traded. Following the decline in the forepart creased their holdings of obligations of the Federal
of October, quotations worked gradually higher and Government by approximately $ 133,000,000, either
displayed notable strength in the final sessions of the through sales or by allowing their holdings of Governmonth.
 The Dow-Jones averages of industrial, rail- ment bonds, notes, and bills to mature without making
duplicated its half-point increase in September and
closed the month at 78.6 (1926 = 100). Though
indexes of finished industrial prices, cost of living, and
retail prices all have shown moderate increases, they
demonstrate that there has not been an important
general price movement during the current upswing.



8

SURVEY OF CURRENT BUSINESS

replacements. Other factors operating to retard the
growth of excess reserves have been the increase of
Treasury deposits with the Federal Reserve banks, and
the rising volume of currency in circulation. The
demand for the latter has been stimulated by increasing
business activity and the concurrent rise in pay rolls
and retail trade, as well as by net exports of currency.
Between October 1939 and October 1940, currency in
circulation increased about $900,000,000, standing at
the new high level of $8,226,000,000 in the latter month.
The inflow of gold has been reflected in the weekly
growth of demand deposits reported by the member
banks, and, in the absence of a sizable expansion of
loans, the growing volume of idle bank funds has been
partially utilized by the reporting member bank's to
expand their investment portfolios.
The business demand for bank credit showed only
minor and irregular fluctuations during the first 8
months this year. The industrial decline from December to April and subsequent expansion through
August appeared to exert comparatively little influence
upon the- volume of outstanding bonk loans. Since the
beginning of September, however, the demand for
business loans has been more active, as indicated by an
increase of $283,000,000 in the commercial, industrial,
and agricultural loans of weekly reporting Federal
Reserve member banks during the S weeks ended
October 23. The total was 84,740,000,000 on this date.
compared with $4,202,000,000 a year before and
$4,416,000,000 in the highest week last December,
when industrial production reached its 1939 peak.
in October improved business sentiment, high prices
for outstanding bonds, and the low level of now financing of preceding months contributed to increase the size
and frequency with which new bond issues were offered
to the public. Although the financing was con lined,
primarily to refunding outstanding issues of publicutility companies, a large portion of the financing was
to meet the requirements of States and municipalities
for new funds.

November 1940

were made. On October 9, bids on 2,200,000 blankets were opened, while on October 10 proposals
covering 17/750,000 yards of cloth were issued. When
contract awards covering these requirements have
been made, Army purchases of wool fabrics since July
1 will total 37,600,000 yards of cloth and 4,346,000
blankets. The importance of Army buying in such
volume is evidenced by the fact that for a group of
firms covering half (or more) of the total production
of the industry, Government orders awarded between
mid-June and mid-September amounted to 49 percent
of the new business in men's-wear fabrics. Unfilled
orders for men's wear at the end of September amounted
to 312,000,000 yards (about 17 weeks' production at the
rate averaged during September), of which 1.2,800,000
yards, or 40 percent, consisted of Government business.
At the end of September 1939, Government business
represented only 2 percent of men's-wear orders on
hand. It is noteworthy, moreover, that the above
comparisons for 1940 do not allow for the large volume
of Government business involved in October proposals
and awards. It is certain that Government cloth
orders now on. hand will influence the level of activity
well into the first half of next vear.

1936

1937

1939

1940

Figure 4.—Index of Apparel Wool Consumption, Adjusted for Seasonal
Variation, 1936-40 (Board of Governors of the Federal Reserve System ).

Wool imports and prices are beginning to reflect the
outlook for domestic consumption during the next few
months and the related factor of supplies. As of SepTextile Survey.
tember 1, the Bureau of Agricultural Economics estiWool.-—Recovering from a let-up earlier in the year, mated total wool supplies in the United States (includmill consumption of apparel wool has increased mark- ing 1940 wool then unshorn) at 450,000,000 pounds,
edly in recent months. In the first 0 months of 1940, grease basis, a larger amount than that on hand a year
consumption amounted to only .121,109,000 pounds, earlier, but not likely to be adequate to meet the descoured basis, compared with. 133.083,000 in the corre- mands of continued high domestic consumption,
sponding period of 1939. In July of this year, however, Imports of raw wool for consumption rose from
the Reserve Board's adjusted index of apparel-wool 10,099,204 pounds in August to 21,830,654 pounds in
consumption reached 113 (1935-39-----100), having ad- September, and further increases are likely to occur;
vanced from 88 in June. Although the index dropped following the heavy buying wave in late 1939, wool
to 108 in August, it jumped again in September to a imports for consumption reached 45,082,000 pounds in
new high for the year of 137. The decline in August January of this year, and mill consumption already
probably resulted from the fact that the timing of exceeds the peaks of a year ago.
recent government orders has not conformed to the Raw-wool prices have strengthened steadily since
early September. Wool tops at New York advanced
usual seasonal pattern of the industry.
Between July 1 and September 14, Army awards from $1.03 per pound, spot, in the first week of Septem
totaling 19,854,000 yards of cloth and 2,146,250 blankets ber to $1.29 on October 25. Territory fine at Boston


SURVEY OF CURRENT BUSINESS

November 1940

9

advanced from 8/ cents in early September to $1.0S on in September. "Even after correction for a seasonal
()ctol)er 2o, and this price held for the rest of the upturn, there has been an increase in the level of silk
month. The. projected storage1 in this country of operations, as indicated by the continuous rise in the
250,000,000 pounds of British Empire wool is expected Reserve Board's adjusted index from 50 (1935 39—100)
to have little effect on the domestic trend of raw-wool in June to 00 in September. However, these gains still
prices, since this wool would have about the same in- | leave mill takings comparatively low; gross deliveries of
fluence in the market whether it were stored here or in I 213.503 bales in 9 months of 1940 were 20 percent under
Australia and Xew Zealand. It should, however, dis- I deliveries in the corresponding period of 1939. itself a
pel any fear of shortage arising from shipping difficulties. | year of reduced silk consumption
For many years,
('alti)ii. --Despite indications early in Julv that the | declining use of silk for nonhosicry purposes ha< been
cotton-textile industry might experience some curtail- I partially offset by increased production of silk hosiery.
nienf in operations, at least until the defense program | For example, net silk deliveries of 357,842 bales (reirot into full swing, it actually advanced in that month, j exports deducted) in 1939 were X percent lower than
while mill consumption of (>")4,.")()3 bales in August and | those of 193X, while hosiery production was 12 percent
0."»<.».2")'J bales in September broke all records for each of ! larger. Hosiery production through August of 1940,
those months. Daily average consumption of 31,1X3 I however, wa< 7 percent lower than that of the Januarybales in September exceeded that of August by f> per- I August period in 1939. Moreover the amount of raw
cent, but as this did not equal the normal seasonal in- ! silk used in hosiery production declined 17 percent hecrease, the Reserve Board's adjusted index of cotton
2 0 0 (1935-39=^ 100)
consumption fell 4 points to 120 (1935-3l)~~-100) in
September. The September figure nonetheless represents a considerable rise from 107 in April. Average
monthly consumption for the first 9 months of 1940 was
640,821 bales, higher than that of the corresponding
period for any other year except 1937, Consumption
for the year as a whole will probably set a new record,
for mills now have comfortable backlogs and operations
are being advanced; whereas in. 1937, the record year to
date, output declined in the latter half of the year, with
1937
1938
1936
1939
1940
consumption averaging only 479,831 bales a month in ; Figure 5.—Indexes of Silk and Rayon Deliveries, Adjusted for Seasonal
the final quarter. Consumption in the final quarter of ; Variation, 19/56-40 (Board of Governors of the Federal Reserve System).
this year need average* only 550,202 for the vear's con- tween these two periods. The irreater decline, of silk in
sumption to equal that of 1937; average consumption in hosiery is undoubtedly due in part to the advance of
the final quarter is likely to <^XC(»(MI materially the figure '• new synthetic fibers suitable for hosiery production,
indicated. The Bureau of Agricultural Economics I notabh nylon. But it also is attributable to the inpoints out that cotton consumption by domestic mills • creased use of nonsilk uppers in hosiery that followed
in the crop year 1940 41 may well exceed the total of the drastic rise in raw-silk prices last year.
(
nearly 8,000,000 bales recorded in the crop year I93(j 37. I The price of raw silk advanced sharply from late
So fur as recent cotton prices are concerned, the high • September to mid-October, holding for several days at
level of domestic mill activity has been offset by theI peaks not >r^]i since May of this year, in response to
record low level of cotton exports and the revision up- ; ^ome fears i n t h e t r a d e c o n c e r n i n g t h e a v a i l a b i l i t y o f
ward of the estimate of the 1940 crop. The 10- future, supplies. Prices declined a pi in after October 15,
market average spot price dropped steadily from 10.73 however. Japanese raws. 13-1") denier, sold at $2.00
cents a pound on June 29 lo 9.07 cents on October 1 1. to S2.05 a pound on October 1 5 and at £2.5s lo -S2.i)3
and only slight lirming tendencies were in evidence in : at the end of the month.
the la Her half of the month. ( loth prices, on the other :
.Deliveries of rayon filament yarn rose from 32,70(1.000
hand, continue to strengthen; 3812-inch, (J4 by (>0 print , pounds in July to 35,400,000 pounds in August, much
cloth, 5.35 yards to the pound, sold at 4;\| cents a yard ', less than the usual seasonal advance for that month.
throughout most of July and August, but was selling ! There was a eontrascasonal decline to 30,800,000 pounds
at 5 l 4 cents in late October after averaging less than 5!^ ; in September. August and September operations were
in September. Most constructions have been influenced ! affected by souther.! floods, which closed a number of
by the price-strengthening tendencies.
: rayon-producing plants temporarily. As September
Sill- and rayon. Domestic consumption of raw silk ; production was affected by an industrial dispute in the
has increased somewhat since* June; net deliveries to ; largest of the plants producing acetate rayon yarn,
mills (reexports deducted), which amounted to the very | settled by the end of the month, output in October has
low figure of 15,822 picul bales in June, totaled 24.5(>8 • undoubtedly turned upward.
270893—40

2




10

SURVEY OF CURRENT BUSINESS

November

Index of Chain Drug Store Sales*
HE index of aggregate sales of chain drug stores Commerce since July 1935.2 This series is one of a
presented in the accompanying table and chart group designed to indicate changes in consumer expendis based on data supplied by a large and representa- itures and also to provide store operators with a
tive sample of firms operating in this field.1 The index standard of comparison for their own operating figures.
is one of the retail-trade series which the Bureau plans The sample data showing monthly percent changes in.
to include in a comprehensive monthly index of total sales now cover a sufficient period of time to warrant
the construction of an index series and adjustment of
retail trade now in preparation.
The series covering chain drug store sales is presented the data for seasonal variation.
with and without seasonal adjustment for each month
AY hen this series was begun two alternative methods
since July 1934, the first month for which these data of sampling were available. The first was to secure an
are available.
identical group of reporting firms. The second was to
The most striking characteristic of the series (see secure a larger and more representative sample for
Fig. 6, page 11) is its relative stability as compared each month's release —but one which would not be
with most other lines of retail business. It is also in- identical from month to month. The latter method
teresting to note that the low and high points in the was decided upon and the subsequent results have
adjusted index are at the beginning and near the end been presented in the form of monthly reports showing
of the chart. The range is from 91.0 in July 1934 to the percentage relationship of a given month with the
107.6 in August of this year.
previous month and with the same month of the
The upward trend in this index is, of course, primarily previous year.
indicative of the recovery of business from the depresUnder this method of sampling the number of
sion low of 1932. It is also, however, a reflection of reporting companies and the number of stores operated
growth of the drug store in the retail field.
have differed in each monthly comparative statement
It is well known that drug stores, notably chain or- not only because certain companies fail to report in
ganizations, have steadily expanded the range and some months, but also because of more or less convariety of commodities handled and that the relative tinuous sample improvement by extending the number
sale of many of these lias mounted in recent years. In of firms. Hence, the dollar values were not comparable
particular, there has been a considerable expansion in from month to month except as reduced to a common
liquor sales during the period covered by the index in base such as average sales per company or average
those States where such sales are legally permitted. sales per store. This procedure was found to be
The results now available from the 1940 Census of unsatisfactory for this series of data. Hence, relative
Retail Business confirm this trend. The retail drug comparisons were derived for this index by linking the
trade is shown as having made striking advances in percentage change data which are available from the
both number of stores and volume of sales.
changing sample of reporting firms.
The wide range of items carried by drug stores apparently have offsetting seasonal characteristics since Method of Computing Index.
the range of seasonal variation is relatively small.
First, some recent month is arbitrarily set as ion to
Except for December, when the Christmas season provide a base point for establishing the relationships.
brings about a considerable increase in sales, the sea- The corresponding month of the preceding year is then
sonal variation ranges from $}i percent below the aver- expressed as a relative of the base using the year-ago
age in February to V/2 percent above in October. For change shown in the report for the base month. Each,
example, the sale of cold remedies and similar products successive, month preceding the selected base month is
are at their peak when other items such as ice cream expressed as a chain relative of the base month using
and cold fountain drinks are at their seasonal low. It the month-ago percentage shown in each published
is also to be noted that the cyclical variation in this report. The chain drug store sales data were so related
trade is unusually small; from the peak in 1937 to the by using May 1940 as the base month. The relative
trough in 1938 the adjusted index declined only 10 for the thirteenth month in the chain coincided exactlv
percent as compared with an estimated decline of 16
At t h e end of 1935, shortly after collection of these d a t a was initiate*
percent in total retail trade.

T

1

Source of Data Used in Index.

Monthly releases indicating percentage changes in
sales of a sample group of chain drug stores have been
published by the Bureau of Foreign and Domestic
•Prepared by J. Harold Stehman, Statistical Research Section, Division of
Business Review.




i,

idk

reporting companies were a p p r o x i m a t e l y two thirds of t h e t o l a ! chain «:
| busim s> as show n by the J!i:ir> Retail Census. ]J> the end of 19W tin- ]v<por:
! had been ex])anded to an estimated coverage of a b o u t ?•>".> percent.
2
F r o m the- heninmpi: iliese releases h a \ e presented figures by major d« [
(fountain, tobacco, and. "all .it her" 1 and b y geographic regions since J a m
since Ma> 19^7 the percentage di>tribut ; on oj sales by de])artments has b e
in each m o n t h ' s release. I'he d a t a in these releases are on an average d
basis and are not to be confused w i t h changes s h o w n b y t h e index
•nf.- i l : - r which has been c o m p u t e d from aggregate sales figures for the calendar m o n t l

with the year-ago relative of the base month. Generally such coincidence is not obtained b}^ this process. 3
From this point each earlier month in turn is computed from the year-ago percentage change shown in
the report a year later, and also from the month-ago
percentage change shown in the release a month later.
Where the two relatives so obtained do not coincide
some adjustment must be made. This adjustment
may be a simple average of the two relatives or ii n\u\
be a figure weighted in accordance with specific knowledge concerning the sample, tho observable link with
the next MHTeodinsr month, the relationship with the |
stum* month a yea?' later, and Mmiiar consideration-.
B \ tin* process j u s t described the r e l a t i v e s were
extended back t h r o u g h • JuI\ UK51, MIHI also b r o u g i i t up
to d a t e to o b t a i n a soiies for whi<-h [he f h o - e n ^tartiiii. 1
m o n t h w«s the base. T h e MMMO- \\ «M^ t l i c p C O I I M T I C I !
l o a HK>'~> 10oO ba~c b\ d i v i d i n g t h r o u g h 1>\ i h e a \ « r a^e of the r e i a t n e ^ for iho^e \ c i i i v .
T h e r a t i o l o m o v i n g average m< 4 ihod of .idjiiMh-s:
for seasonal f l u c t u a t i o n s was UMM! m t h i s chain d r u .
store sales MTICS.
T h e d a t a foi r . - r l a m m o n t h s «_i»\'
i

1

I hi t w o I u i o i ^ m \ ) 1 M d i n I hi \ n d

oi t h o n - p e i ' m ^ <:ioup
IT w i u l d

I1.|>

\

a i K ii i n o n t !i

1." I h o n - p o i I " ^ J O M ^ I ^ u n - i ibl<

i t i :n t o ^( i i ' % t i n

ninoM jiiat'\"

rid'

- m

1. i^v.

\ (n.la M »in io U

1

( ( ( M i n t i l \ ( 11 >M i

C u t , '!,(

I! i " i l

H>lH(l l i - ; " h \

iI'M ' i l l

-)

(1 i

M« 111 i l l i - 1 I*

ai im

M d ! In -1 i* i

"daik^i

I-MIII ption ih

iith'inHi

i IIM k

r

I < a h nu n i l ' -

f I u

<l'ii>-

Ji Mm

tit

nan.
I, .

1

'

I .
1

I M o n ' h i - awm-ji- mr, :v.»=u>o!

j

mat : 19H5 ! inn
I
i
,
\, Mudi
I

mi

Without Seasonal Adjustment
1

0 i

1 0 '
7 0
7 » I

Jo!
07
101

| i , H i ' i d

! i

J

"

\

vn< (
i

t

)tt(( t i o n

l l u s

I I M

- l x . \\
'II. I
» \ ' J i ' ( i i '

\.

N t x , i , ^ I I , i d ( p i . h i i '\
, l > h ( i n JMK'NJ

n u i h o d

i h-

1935-39- 100
150

* >v( .

i

M i ' h '

l

JU,-, , ' L

w i n t(

t »i L M i " i l l l -

1

i t

M

d t
l u
1 !>
'illi it I t
' h i

' " dM >O M 1 ) i ( o i ; > c i "»ii o , . i i i

i n o t i C . l l ^
l'\

!

o

i i i '

i,

i n M '

i I M

d

1

•

i m i i !

' i l i l o d

m i ' w
N u l ' I

'i > i

' it" 1

> 1, .1.11' I . I "
\\' l i H i H 1 I A (

0~ O ,
I'l
j

1 lo %

' Is ! i I '

^ n i .( t i u i l l \ i

, i i (i '
^

I h o . I w

ICjti

•."

I h

r c n ^ t i

•i i n ' U "

i i ' l 11 U <

M

ttic i

M

f,.} \\l

11

l ' - ) n<'

idiiif I-MI ii i

I'M
1 ,•) I

() ,
i a

n

i

t

:

.•

i n

i'

Id i
10'

1

K,c

,1

'

'( M

<

i
~

1

00
!'»

M i

1

«p

! I s

i
i

li»C

<> 7

i!'i'l

0'

102 ')
l o ! 'A
10] u
1 0 ' ")

u

d

2

{
I ( . 1 1 1 , , 1 , . I • «1
' » \ ! ' J o\ ' ' . ' ' M i l

v* t u i i l \

\

!

M , -t

1

M i 11 ' I i

(»J

0"
i

I'M

\ I , M J )

'»•

s

IO

i.U

H ' - I H U i d c Ui. i 1 n l K i l l l , i ' ^

n

9 ' .i

.l'l1

KM

I . I T I 1 U\ ! H i I ] , M ( M
M 1 11 A < ' l . l i ' C K
i

1940

1938

> ^^ i>

- • i -

n

Table 1.—Index of Chain Drug Store Sales, 1934-40

\

>I !

! i i - I M un
I Vd

fairly definite evidence thai their importance in relation
to the year's business was changing. This was especially true of August^ and December which appeared to
be respectively decreasing and increasing in importance.
Hence, slight adjustments were made to account for
this shifting importance of seasonal levels. The factors
used for 1939, the latest complete calendar year
covered, are as follows: January, 95.8; February, 93.5;
March, 99.5; April. 96.7; May, 97.2; June, 94.5; July,
96.3; August, 90.0; September, 96.0; October, 101.5;
November, 9<S.9; December, 135.1.

-M'IU

i^i'mii UIIIIII'HM M

^iiH< the c h a i n d i , i _ O'»nip i i (^> ( i n K p A (. n i l h n . i
i n .io<] t

11

SURVEY OF CURRENT BUSINESS

November 1940

'i

>

2
i

( 1

00
<*s
,0

>
'
/

'

(

'

1'
<

1

1'

1

J o i

'i

•

' i

](M ^
!0 ^ s
107.»
10J s

i 2 ,
-

I

1935-33 = 100
150

140

140

130

!30

80

Figure 6.—Index of Chain Drug Store Sales, 1934-40 (U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce).


'

0

If i
(

\j,

%

80

12

SURVEY OF CURRENT BUSINESS

November, 1940

NEW OR REVISED SERIES
Table 43.—PAPER l
[Short tons]

Total
paper,
inclu cling
newsprint
and
paperboard,
production

Year and month

January Fe bruary
March
April
May
June..
July..
August
September
October
November
December

Paper, excluding newsprint and paperboard

New Produc- Shipments
orders
tion

1934

Total
Monthly average.

274,
252,
313,
284,
297,
293,
257,
286,
289,
327,
307,
298,

619,
584,
669,
683
639,
625,
558,
639,
605,
684.
627.
596,

....

--.17,480,554
...!

Fine paper

Total

303,
286, •Iffl
323,
302,
3 IK.
3H.
274,
307,
"2*7.
336.
323, 17s
310, 8uS

New
orders

292, M )
274, 929
320,311
293,421 i
8(K S29
31 \ 530
273,321
303,314
2^9.6U1
329,707
:il5, Is5
300. I l l

27, 192
25. 3 si,
30, S51
25.201
23. 2MI
23,s;5 4
21.31s
27, 7t»0
2t>. 226

3,482,578 J3,fiSS.116 3,619,6V;

311, 102

290,215 ! 307,371 i 301. old

25.955

624, 1.30

Wrapping paper

Unfilled
orders, Produc- Ship- Stocks,
end of
end of
tion ments monlh
month

8.920 ,
8.639 .
ld.075 '
8.303
7. ()"(»
h. 19s
0. -i 7
0*. 711
6. 437
0.213

7.434

2s, 753
31.17s
27, 360
20, 179
27. <>59

32, 137 ,
26.s73 !
30,037 '
27, lOO
25. 437

^V ")l'i '

27,011
27, 207

23] 25:! '
27.069 !
2S.402
20. Osi :
21, 15lj

329.332

323. 131

23]SOU
2 9 l'A~)

27,-511

2ti,953

Infilled
orders, Produc-! Shipend of
tion ! ments
month

New
orders

95,421
Si, 053
100,840
91,427
S7 «79
92,771
*.">, 207
90,574
9C-, 813
U s . 49o
105,75s
100. V.JS

•IS, 932
50, 920
51.095
49, N30
5(1, 8s(j
51.121
10,431
49, 320
49,765
48, 54s
IS, MJO
51.S01

112
399 i
N40 !
662 !
367 I
313 I
39 4- |
012 I
10.-) !
955
741
0S0

!

1. 1")3. 737
49, 2 s 9

<»«;, 115

:>6.

106, 474
94,911
105, 009
95. 746
94, 293
102. 648
88.958
100,895
96,410
-; I
116, 08C
111.041
100,727

100, 370
91, 424
104, 584
89, 545
91. 034
102, 548
87, 800
101. 774
95, 884
112, 0 8 0
111, 130
96, 770

'
!

I
I
I
;
I
I

60. 247
67,387
71,147
75. 259
75, 648
75. 776
77,798
75, 161
75. 980
75, 729
77,195
78,757

98,745 j

73.840

....; 1 , 2 1 3 , 1 9 8

!1,184,943

116

j

: 101,100

Stocks,
end of
month

I
!

!
1935
,164
687,1
655,,465
4
718, 186
698,',490
701. 769
672., 165
603,.,582
724, 976
702.
820,
739,
077,

JanuaryFebruary...
March
April
May
June
July
August
September..
October
November.
December..
Total

,55o..soi
329.773 |
3<ii,9S2 '
350,21i :
341. 90s ,
326, 0S9 i
331,709 I
354.915
339. 299
391, 114 ;
308,209
310.357

341.
333,
309,
362.
3.'>5,
33S.
330.
358.
311.
395.
300.
357.

358,
326,
357,
328,
341,
300,
319,
352,
351,
394,
356,
334,

8, 459,814 4,122,113 4, 253. 3».7 i

M o n t h l y average

704,985 I 343,509 j

351.117

726, 208 !
703, 953 |
740, 185
769, 961 !
752, 438
751, 909 i
745, 155
785, 239 '
802, 001
883, 405
809, 215
857, 463

368,420
356,743
426.451
392.101
371.486
361,451
370,360
383,833
416,353
456,318
454,281
500,310

•575. 002
360. 597
37s, 42s
397. 55S
3s7, 192
3S3, 407
.572 701
301. 510
401, 270
412. 4SO
407, 1A'.\

4,858,107

4.747, 2 "6

35. 096
31.353 '
31,255
];i - 3i5
20.940
27.02(1
30. till)
29.970
31.050
32,211
32,027

OOs
2sl

32. 61 1
31.503
35. s ^

270
121 I
00' j
2»>0
666
215
850

32,457
30, 124
32.995
20,731

397 2i->

7, 979
199

'», 124

35. 15s
33.961
31,123

3 I, 309
30.501
35, 106 1
31,031 1
33.521 '
30.3ss
29.53s
31.811
29. 9 IS
3i,916
33.403
M). 190

125.S25
1OS.5S7
52] 702 ; 117,972
52.8sO ! 103,050
5 4.010 !1 113.S.02
101.476
56 5'0
55.716 ' 117,065
129,071
56.933
50.903 • 12s.315
50. 504
56.s67
00.206

3s5, 325

}.<. 102

::2 110

037
137
933
6( 1 i
731
37] 7 4 5
3 5 . 5S!)
30] 491
30 071
42 7s 1 !
39 695

10.
36.
3s.
3s.
30.
35.
3.'.

in,xM
!

12.". 70ti
111.099

,!, 131,551
119.290

969
143
504
4 45
244
s72
904
854
398
723
120
818

. -

115, 524
111,820
n !
121,479
117,857
113,409
114,347
115, 506
125, 403
120.058
140, 026
130.227
119,915

80, 452
77, 380
77,729
83,008
81, 005
82, 240
80,341
80.887
83,
463
82, 951
82.238
84,948

113,658
110.978
121.342
112,482
113, 224
112,383
115, 136
125.197
117,997
139,018
130,528
115,553

11,445.631 1,427,496 j

51,929 ! 120,469 j 118,958 i

81.

387

1936
January
February
March
A pril.
May
June.
July
August .
September.
October
November
December

.
.
.

Total
Monthly average
January
February
March
April
May
June
July
August.
September
October
November
December

77,295

1937

Total

,
!
;
44S. 612 ;

465, 384 ,
447. 477 !
532. 594
461. 497 !
412, 175 !
403, 446 !
362, 099 '
366. 309 ,
351, 796 I
338, 110
280 280
285, 000

-!

850,482

Is2

407 615

us r

.-55, 3 4 s
46. 231

42 217

455,
427.
47
470.
101.
150.
433.
421.
395,
370.
307.
2s9.

511
80:, ,
0~s
672
310
(>s7

cr..)
80S
90S

]O. 5')0
12. S!3
10.021
I'.. 100
j i, 272
12.271
10, MiS
9,0s4
9. 99"

39.
30,
40.
3s.

13. MM)
It'.. 10S
21.470

13, 441
105

M0

1197

211
7l>9

7s l

J9s
90".
s91
31. 711 •
.55. 299
41. 919
3S. 3 0 s
13. 296

59. i i ->
02. 400
I'.I. 111
0 1 . 515
t'.3. s l l ,
05, 7S1
t-3] 720
05, 527
100
fit)
'if'..

'is,
'i7.

771 '
325
972

4:5. 715

121.551
114.S99
125,30s
13.1.301
13 4.972
132,970
132.603
135,379
]50.963
163,^26
1

79] 3o2

52,

()\U

41,5!\
59. 4v.»
12.510
:,.'. l s l
33.M1
30,31s
28. 120
29.97 1
27,50 4
25.209

291. M 0

075
129, 0 4 4

i.r,92. lin

i:<, 7('O

4*',4, 9 2 5
125 M i ,
477.0.-1
•l»H.:,xs
1 5 0 , 11.5
440. 999
4J7,Sf)l
392. 202
378.215
360. too
2 9 9 . s:>7

190
410
710
37S
soi
353
393
251
761

129.865
119.' 8 0 6
126, 229
128.200
131,170
134,340
129. 0 4 0
136.744
142.601
155,327
140. 523
150. 755

481
893
657
292
553
828
203
814
144. 892
158, 574
136. 207
153. 768

131,
116,
121,
124.
134,
133.
133.
131,

j
j
]
'
I
;
!
,
'

82. 412
85. 594
88.980
93.240
89, 646
87. 685
83,558
85. 779
84,997
81,602
85, 660
84.038

jl. 624, 600 ;1. 621,162 |.
09,003 I 135,383 1 135,097 I

21.602

ton7 '
32, 3s9 '
28.360 :
20. 2S(» I
20.97s 1 j
15. 191
10.687 ,
S. 467 '
7 721
9.' 996

4,0'iO, 318 _ 1. Nih, 7% , 430, 5v)

17, io5
44.731
49, 572
41'. s.1")
13. 777
39.39 1
35. 515
X3.sm
27,532

472,

2s i
4s. 279
45. 7l»3
12. 0s7
3s, I
37.6
35,(1
31 4
31. r

'.4.119 ,
63.017 '
0 4.543
03.701
60. 123
07,279
t>9. 509
73.501
73. Hii
76, 3l»2

71. on-

I 1 40

17b.139
100.923
140, r.RS
142.093
132.619
130. 700
127.'_M.'.
121.S37
s3.2!4
S7.391

156, 105 !
145.222 !
164.820 i
162.886 ;
161,644 !
109.
162.050 I
87.
102, 332
74.
154, 682
58, S70 i 144,605
207 ! 133.297
96.014
87.143
7.870
».4s3
>. 95.)

7 " 2 ' 1.-.I.918

158,558
146, 403
165, 449
166. 863
157, 584
157, 643
158,364
146,041
140. 034
129,635
93,911
88,366

81, 703
79, 378
76, 587
74, 638
76,939
79,357
83,178
89, 974
92.590
95, 978
98,472
95. 748

il, 730, 800 i 1,708,851

!

i
l

! is 472

33.039
."51 25!

392, 70^

. 110,205,786 \i, 706.167

!

V.I,95S
3 s , 570
42, 047
3 s , 176
5s5
33. 91? 1

3 7 s , 070
Hs'7, 02 r >
:<7S] 790
:;72 7 2 s
376, 92S
9s2
402. 151
4 3 7 , • •lO
401. 621
163. 213
4, 713,

404,S42

900, 571 ;
873, 308 i
989, 060 !
985. 901 j
940, 320 (
910, 069
858, 811
866, 874
821, 474
783. 779
660, 150
614, 060

...

Monthly average
January
February
March
April
May
June
July
August
September .
October
November
1 )ecember

.

1 381, ()')S
?,'){, 377

I
:
'
:
1

392,181'

413, v/2

405, 5».«i

T.9,210

1.5:, 320

73 020
71,923
70,480
71, 225
72,419
73. 272

107.10s
100.990
I2o.ssS
125. 149
12"> 630
137.26s
155. 423
156. s\7
145.543

335
0S3
31s

152, O.IS
14 l.bU'i
139.378

194
791
449

10,921 ! 144,233 j 142,404

85,379

1933

Total.
Monthly average

71.

2M

72. 7 IS
71.132
73. 129
71, 94S
74.378
18,909,275 (4,317,128 I4.332.71S .4,329.3Si
:

i

j

405,026

i

747,440

1

For footnote see next page.


359,761

j 361,060

} 360,782

1

33,752

..
10,762

:

410,937

. .

34.245

72,249

1,024.834
135.403

110
151

.

104,523
108.557
126,521
123.204
124,318 !
126.806 !
149,154 i
160.245 i
145.563 :
154,890 i
146.911 I
143,322 I

104,868
109,274
127,713
124, 553
121,910
126,944
151,915
160 055
146. 270
154, 046
145.023
142,
731

97, 184
95, 487
94.493
94, 171
96, 703
97,35
96. 96
94, 42
94,19
95. 00
97,20
97,80

1, 614, 014 11,615, 302 !

1,018 ! 134,501 I 134,609 ;

95,905

13

SURVEY OF CURRENT BUSINESS

November 1940

Table 43.—PAPER—Continued
[Short tons]
I Total
I paper,
j1 including
| newsprint
and
paperj board,
I production

Year and month

Paper, excluding newsprint and paperboard
Fine paper

Total
Production

New
orders

Shipments

I ;n filled ProNew I orders,
ducorders I end of
tion
month

Wrapping paper
Unfilled
New j orders,
end of ;
orders
I month i

Ship- ! Stocks,
end of
ments Ii month

Production

Shipments

143,979
140, 263
155. 570
143, 634
148, 857
134. 997
134, 402
151. 608
160, 380
174, 809
176.037
165, 575

141,09;.9
139,099
156,217
137. 296
144,193
136,331
135, 433
153,028
109,511
180, 657
183,087
168, 365

19)9

lanuai\
I cbruai\
March
April .

7*^ 114
7(,2 O s S
<)22, 5s 1

Mt,2S7
so7 19 5
s2s, "27
7() 1,703
9 >.l 3s2

MHV

Juno
Juh
\U£.USt
Septembei
October
\o\embu
Duembir

')'>! 0 2 S
1 0 7 3,901
1 OH), o s 7
M71, i^2
1(

,sl7,(»57

Monthly

,5s9 o 2 3
.5SJ.317
119, <>s3
,371,7(>2
' s j , i)27
>7s 0 7 7
{It), 7 1 1
41'* 177
(.3 5 si)»)

5S2,
120,
,590
4 0 1
' ')()

lot.

m . 9

\>U, 512
41o
10_
» (.so,

117
SM»
910
149

32

l o l ^ 5 4 0

171

12 5,S7 3

.30 3 2( S
,577, 597

11 \ 201
rwl, 4s )
isS 2s7
37o ()9i)
.5oh 370
4( % IMI
450 5o{)
494 S s j
ls7 107
40 { 2 l l

o<)>

sl<)

; 107 is*)

tit),

322

417, 2('O

57, l " 0
'31 O l ^
15, 277
51 7 ( 0
51 51S
S3 115
3< OH
3r»,7ly
7() S 0 7

11 , I s
1 \ 'L's
12 2si)

. 1 517
11 ('72
^ 05 5
i7 2 5ti
.1 01 3
>2 0 3 0
.7 (iS>,
11 4 ) 1
"0 0 , 1
17 " 5 (

10 0< 7
w , III i)
(
i
5 >,
52,
is

10 17')
11, 1 0 3
10 V 1 J

073
9s9
2' 1J
i|<2

37 1 «'

12 7 ' 7

111 5 44
112, 142
14S, 179
152, 100
M'J. 0 0 7
1 3 7 , 4 1 2
130
0 4 7
110, V»7
212
s 7 9
1 7 s
7 1 3
111
H O
1.10,004

Hi
101

o;o j
110
7 5')

01

110

52, 881
59, 362
51,129
47, 741
53,513
53, 988
53, 252
59.025
3 40, 355
142,261
108, 704
93, 528
!

1 8V2.990 |
i"

1.10 01 o !

1^1

Stocks,
end of
month

!

98, 557
101,467
98, 299
103, 033
108, 088
105, 986
97, 934
90, 296
95, 979
91,261
80. 603
78, 219

1, 830, 111 jl, 844, 310 |..

76,312 i 152,509

1940

153,693 j

96, 310

1M, 709
112, 975
HI, 014
ir.,0-1
J8S, 08S
10-i, 111
107, 1?»
101 «VJ

so, olo
90. 90 3
91,9 55
92 309
8 5.50^
T) 929
80,9oi
81,77'

j

fanu n y
1 (bruir>
Mardi
AprJ .
May
Tune
JuK

9 7 1, 1 0 s
v r
0"1)
S()7, b S O
(
)>7, 0 6 2
1 Ov), 7 0 s
<>so, ,3S1
917, s 4 1
977, KOo

KCMS-MI "one-

D i n

i n

419,
413,
10").
4 53
47l),
1 1 1
U">,
15s,

17i
4 1 7
'39s 2H>
•ivj, 0 7 s

p m i p i l M

In

t bo

"17
(.51
S21
1S9
217
, V K
7 1 "1
ot»9

\.rnr

13<>
,3(»5,
,59,,
1 2 1 ,
1 M
172.
4 17.
420,

U S
,312
5 ^3
5 0 0
S01
"31
1 -,1
luO

i ' < I'i,>"

3^ 2 1 "
'31 <)77
3s
jlO
i s , 2 W
12 [t21
1<> s 5 1
3d isl»
3 1 t»*7

m> I P

'n

It
11
11
20
'JO
.5(i,
21

2<i2
020
o(>7
Ml
221
55
<sv

ol)
12
10
15
12
I,

Is MT
V

m m'n,

i u

L;

7 It 1
2<><l
Od"
W)
S() t
11s

h tin

K JOS
37 S07
i'» 091
11, 11"
17 101
11 770
15 UO'J
H, 12 3

o u ( pf m n

07 701

117
107
151, 'JO I
1 10,0 51

oi, oss ;
».l 7 0
01
9 i 3
(.5 7 9 7
(.1 0 0 1 i
()0 7 5 0 {
02
2 9 1

o i f I .•

107' M 2
10 5, 0K»
I V
0 0 1
1 1 1 , 0 1 9

«•( i n s o n

1
1
1
1

77,

s l O

02,
1 1 .
2 0 ,
1 5 ,
02.
SI

5 S 0
0 2 0
0 V}
9 9 7
1 H
U i l

t o t il p i p e r ,

r »

17,3,923
140, (,()() 1
11s, soi
159,001
11% 472
101 077
1 OS, 0 38 ,
loo. 121

IIKJUIJT nr w ^ p u n t

i n d

i* i p f

rrxurM

^ l i k h i s c o m p u t e d b \ t h e J)( purtu (nt (>> Ciinm^nf,
P>i na i i ' <u< uin <>o<i pon ^ht
i o i n i n t m b<
u i d n m f o f l u d i t i o n + ( 1 .1 p ' i p e r o \ v l i d i n c r o \ \ s p r i n t a n d
p i p o r b c a n 1
( o n ' i ) i k d b > t l i o a s s o c i a t i o n , t i K I K w s p r i n t p i o d u c t u LI d n t I l u r i u s h i ' d n \ *]n \ ( / " p i ' i i i N I \ M B U M . U . a r i 1 p i p « » } n i . d p r o d a c h o n ( o m p h d \>y * h o B u r e a u o f t\u
Cou^u*D a t a fo'r t o t a l p i p e r , v M l i i d i T i t i i n n pr.Tii m d p i n * , >> i m l , n p n
n t t i n t u •! I ' d i m i p ^ \ L i r t p o i t * i > . \ t i n
\ m < r u i n f ' a p e r a n 1 P u l p A s s o c i a t i o n , n if? i n o n t l i h
b u l l e t i n e n t i t l e d " M o n t i 1\ ^ t iti^Uc d ^ u n m u n "
D it i foi ( i t o p
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n.r Iudc
iMPfuj.
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C i u r r it* d
ttook
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j)apti^).
( r n n i p B c o n s i s t s Mi t h ^ n u p ! pei-> aii< w n ,\m\i
w h i c h UK l u d
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I,MIV-I?II
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m i i i o r l \ s(i m n w l h f l i m c l u d i d
(in a d d i t i o n t o i h o p f d i i c t - M m u d ' i b o \ (
t i i t " u t - > i i ( " i l t i p \ p " m i b<> I M N U h n h a t M» \» - h o \ a i r i • i n i i p I )
1'iisn
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1
1
p n i L p a p e r c l a s s i t i c a t i n r n n > n in a h * o i a p ir i b \ u i t h ( d i - i i - d a i
( i up|)'K
n u l u d t - b n - t o l ^ t i r d . v i d ( r 1 - b ( a d , c a i b o a r 1, i d n h
i d . I( a t h e r b o » r d , a i d ^ i » c u l t \
piporarnl boards
D a t i o n k i l i t b o a ' M h u e b i e " e \ c h i d e d i r o n i ( . i i o ' h > f) a i d » ' - > ' n T i » h i h t i l < t d ' o u p 1 - \ I t o i l n u n i t ( t h e d u p l ' C d i o n ' i r i M i i L ' f r o m t h e m i h i s i o n of k i W t
b m r d i n t h e p a p e r b o a r d p r o d u c t i o n c o m p i l e 1 b \ t i n B U M H I o f t i n ( U N I ^ ( . " | i l ' > u i - M I - U a n c i - J U J u ^ of l I * M H , b l o t t i n t ' a n i l » < u i i S t \ p e ^
In
ddifo'i
to tin
r e \ i ^ i o n ^ i n t h e ( l a ^ s i f i ( ' « i t i o n ^ , d a t i h a \ c \ i ' n n M S U I t-> t l m ' n it< d i o u i - a n d f \ t N < < k n u u 1 u ' \ t >' a s " i L I K < ,>i ( f d a t o b ' a m i f i o r i \ w i k l \ j . p o i t s } \ p n t a t n u d a t i
foi v\e< k s t a i l i n g i n t w o i n o i a h C o m p a r i s o n s w it li d a t a f i o a i ( t n - u - ot M m u ! 10* MI* > a i d < I I I S ' - O I I ' I K M P i i ' i ' i f M i n i i c i t ' t l a r h c s< r u s f o r t o t *1 p ip< i , n i ' l u 1 i ' p i r w s p r i n t a n d p i])( r b o i r d . r ] / r ( -e n t s
a b o u t 8 0 p e r c e n t O M ! . i ( < i s i ^ t< • i i - n i t i n M n J 9 3 1 i(»
i < I f in i ) i , K i , H
o \ a u i
.». o i d u i i f < . ( ( n s a s d i t t w i1- a i o u m l 7
, i a ( v , i m l ' o l
>( , 7 8 p< r u
il i n 1 ( M 7 . s j
p e r c e n t t n l«Ms . a i d 7(» p» n » i n i ' ) J | t
\ \ t i p p i » i i ' [i ij» i e< \ • i ^ , a i I'I >i u i - b n M V i p e n . i , t m l«i<"i &7 ]»* M i n » , J f i .f, -^» i> i c c n t , l r M # , ^ l i « i ( € n t 1 ' i i s , <»». p u n - i ;
aidl(»S(',
8 2 p ' tee n i

Table 44.—CONSTRUCTION COST INDEXES1
Na- '
tional '
ii\ er- Hut a
| ai c iio
ciiies

Year

191
191
I'M
1 0 1

>
1

.

10I

0

110 1
J 15
177
229
1

'2
t

19.M
['•2"
1020
i 9 2 7
l</20

100 '
9S 1

.

"

1 0 1 s
1919
1020
")

i

|

2s 3
21o 1
2O\)
221
222 \
217 '
217
217
217
217

Kid
97
<ts
111

no

1st)
25 0
>0 1

21s

2o2
22'
217
200
21 I
*»t 1
21."
215

1

loik

San
Francisco

\ ear

I ouis
1

1
10U

9'
1(H>

111
112
17"
227

li)(l

'17
11)1

.Is
I }«J
i(«0
21

(

2ut*

21S

211

2<>4

21 w

21"

211
2.0
2-> \
2 > 1
:?:;..

237

!s()
20S
1(J9 !
]<U

lss '

ISH.
ISh '
]*)()

100
07
100

M-

1 9 50
1 19 51
l')52
1055
114
LH
10U
10 i
\I )
l'»3o
22b
-Nl
l'l 57
2 2 1 1 !'<-iS

«*ire 50
ciiiov
I'Oil
J7S
i >1
j "u
U 1
11,2
71 >

!

iiji.i

1'.-,
!75
1 17
1 U
102
li»
17o

Now

\osk

MM
2'M
17t
107
l"o
171
ls2

f^aJ}.
{./(#o

l>
i\\
' >s
i i
ill
'V

20r
isS

Na-

Year and tional
Atavermonth
age (30 lanta
cities)

Louis

,

1 )'

March
Vpul

lti
'1 1

204
22s

M
i\
I'ini
Mih
\ a j a ^ t
k ,, ] , * , n i b

2 5s
2 5
2 50

oct( b. r
\ «j\embi r
D c -a! , r

1 »s

pj'l

is

J

1

j~O

171
207
207

San
Francisco

St.
Louis

1050
f aiu ir\
1 t oi'i a \

ii>5

New
York

r

200
2()ii
1:00
'>(IO
199
J99
109
200
201
203
2' '3

1 so
1st,
ISO
is}
1S1

joij

190
101

217
217
217
21S
21S
21S
21s
220
220
221
221
221

200

ISO

219

is l
ls4

IsS
I WO

I'M)
Is!)
ls()
ls2
Is2

Is2
1*2
1S2
1S4
IS')
1st)

2f
2(

2(
2(
2(
2<

is".

20
2(,
20
21
21
21

lv{

2i»

-i ' t i

225
2 2 1

Annual in•

<lc\-

;
R e v i s e d ^^rit'S.
C o m p i l e d b y t h e Jmrricn)
Appru'^nl
( .impfim;.
C h e r e \ is* d ! i i d ^ \ ( \ ^ i n c l u d e p r o v i s i o n s f o r o v e r h e a d a n d p r o f i t a l l o w a n c e s t o F u p p l e n i t - n t t h e b a s i c
elet.iile-d b i l l o l ( j u a n t i t i e s o i m a t i u ' i a l s a n d l a b o r r e q u i r e d f o r t \ p i c a ! l r a m « \ b r n - k - v . o o d l i a m o , h r i ^ ' k - s t e e l i r a a i e , a n d r e i n f o r c e d c o n c r e t e b u i l d i n g s , p r i c e d i n a e - e o r d a n c e 1 w i t h
n o r m a l p r i c e ' s a n d \\ar_e r a t e s i n -50 M ' p r e s e n t a t K 0 citi<\> t h r o u a h o u f t h e I ' n i h d > t a t ( > s .
\\ o r k m e n ' s comj)ensatiun a n d liability insurance, u n c m p l o \ inent in^ui.aice a n d olda u e p e n s i o n f a c t o r s a n i n c l u d e d i n t h e l a b o r p o r t i o n o l t h e re-\ i s e d s e t - u p .
T h e m a t e r i a l a n d l a b o r e o s r ^ o n - n c o m j i u t i d m o n t h l y i n a c c o r d a n c e w i t h n o r m a l a s e r a _e p r i c e s a n d
w;iLM>s f o r t h e \ a i i o u s k i i . e l s a n d e r a d » s o l m a t e r i a l s a n d c l a s s e s of b u i i e l i n e t r a d e s a s M T I I U M J o r a d j u s t * d t o r n - r m a l f r o m p ^ r s o n - d i n v e s t i g a t i o n of a p p r a i ^ e r ^ a n d l a i o r m n t i o n
a^ t o - i c t u a l ceiSts f r o m c l i e n t s a n d < a h e r s .
'1 h e - e c o m p u t a t i o n s a u t o m a t i c a l l y i \ ^ u l t i n w e i g h t e d : i \ c : : i m .- J o r t i n - i u d i \ i d u a l b u i l d i n u ^ .
\ r a t l i n e t i c a \ e ' r a : v s ar<- c o m [>u t e d l o r
t h e i i u l i v i « l u a l b u i l d i n g s a n d c i t i e s t o o b t a i n i h i c i i . \ a n d n a t i o n a l (.50 e . \ t i < i - ) ' a v e r < ! - * ' .
T h e i n d e x e s cov« r t h e m a t e r i a l , 1 d ) o r . a n i l c o r i t i M c t c i ' s o \ e r h e a d a n d p r o f a o r u e i n m i n t o t i n . s i r u c t u n i l p o r t i o n of t l i e ) » i i i l i l i i i 2 S , })iit d o n o t i n c l u d e - t h e f \ t u r < ^ s u c h a s
p l u m b u m , h e a t i n g , liiilitinir, a n d e l e \ a t o i \ s .
T h e i n d e x i s b a i l e d o n 19K3 p r i c e l e v e l s a s 1 0 0 , a m i i v f l e ' - i s c h a n g e - 1 1 1 . - a b c e q u e n t a \ e r . u e p i i c e l e n e i s , b u t d o e s n o t r e f l e c t t h e e x t r e m e c o s t s r < ^ u l t i i i L f i o m o \ ' r - t i m e w a r e s
a n d b o n u s e s d u r i n g " b o o m p e r u x b " or ^ i c r i f i c t * p r u - i s a n d o i n i ^ s i o u s of o \ c r h v M d c o s t s r a i d p r o f i t s d u r i n g " d " p r c ^ s i . H i p e r i o d s . "
T h c n - f o i c . t h e indexes d o not r e p r e s e n t t h e
h i i i h : a i d l o w e x t r e m e ^ of i n d i \ i d u a l a c t u a l ( o - t s .
Vs t h e - e u i d e x t i - j u r e s a r e }>ased o n 191.1 a s 100 t o r e a c h , i n d i v i d u a l l o c a t i o n , t h e y t h u s i n d i c a t e t h e t r e n d i n e a c h c i t y a n d n o t
the 1 t r e n d b e t w e e n t h e v r a i o u s l o c a t i o n s ,
'j h e e o m p a i \ ^ l r e > - c s t l i e f a c t t h a i th< <;e a \ e r i m - m e r e l y n - p r e s i:t a t n 1 d , l h ' 4 a c t u a l eejsts \ a n \\ i d e l j b e t w e e n d i i S V r e n t ' b u i l d i n f - s
a n d d i t V e r e n t r e u i o n s . a n d are. t h e r e i o n M i o t a p p l i c a b l e t o s p e c i f i c b u i l d i n g s
T h e o r i u a i a l r e p o i t - i n c l u d e i n d e x e s f o r vK-h <<l 2 2 r> p i c i l CI<M - , 1 ..j v b u - h .-m | , i v - > i i ! f l l i e n * .
T h e r e v i ^ f . i M I ' 1 * •»•(«• h a v e b e e n c o m p u t e < i m i a n a n m n l b a s i s o n h fi.r y e a r s
p r i o r 10 VJ 59.
- T h e m d e v eio\f'r-' 2 1 c i t i e - - n r i o r t o 1 9 2 1 .




14

SURVEY OF CURRENT BUSINESS

November 1940

Table 45.—STEEL PRODUCTS—PRODUCTION FOR SALE
[Short tons]
i

Year and quarter

i
Pipe and !
tube
I

Merchant
bars

Total

Plates

Sheets

Rail

Stri P

Percent
of eapacity

Tot.

Wire

Cold
rolled

Hot
oSled

and
wire
products

shapes, 1 Tii I plate
heavy
!

1

! ot al .

f

1
17. 170, 70

1 93 5,919

1. 430, 892

161, 162

1 I 1,6'6

4
7,
3,
3,

469, 167
718.779
313, 10 j
391. "2

.-,5" ( ) 5 i
{ ;,s, uo2
516. ! 6 6
372, 2"0

i

>~i

)'p

< 00 i. 5 53

111, S8f)

!

517 50 \

!si, 279

•>\ \ 161

2'> •,

11.1

10,107

101. 211

I In".. [ s i
1, 56 \ 110
"'K 2 i s
Mi

" 0 <N

:2 o
27. 1
3s J

1 51,91s
151,266
61,785 i
WO. 651 !

37,

979 493
81,

f-21

903 315

1?7

158, 610

170 870

430, 892
494, 805
385, 291
381,142

3s8,
007.
306,
31',

1934
M irch..
June
>v.'ptemb( r
Deeembo
Total..
M o n t h h av'err.'e . .
M irch.. _
June
•^pjembc r . . .

711
366,
529,
85S

19,511, 701

1, 921, : > )

J , G 2 ' i , 225

160, 117

Mont I U av- r .«_e.. .

1,72!, 01S ,
i ' >, "s8 !

261.
js7.
302,
273,

2os,
517,
211,
56.

271
7 75
971
9 «)

.517
J >i
925
71!

1. UV\ 072

1 121. 6 t'!

12 5

9 ', 72!
Iss. 7 s j
21s. lOS
1 h. 251
193 s 0 7

1 5i»t 2 )[
1. 3' 7 0 s ~
1. jj 7 Ml'
1. s J * 736

L) 7,

512
>il
126
077

610,117
597. •«) !
677 2 ,2
7i{. 1 !)-.

l.J >, ' 2 9 '
5 0 J 10S
517.971 ,

'5 5'), 111)
3 l1. i j ]
. • i s •>. 117
1'.2, 1 ~>0

21,76 5, 037

2 671. 976

2.or.79, !

2,00}, 586

222,911

1,916,
5 v*12,
5,86!,
7.0 57,

1 <>? U .

fiM)
4 57
lt»2
62'5

,

1. ' 0 7 ,

17 0

r

I. '76, 57°

7^6 5 9 s

o, 067 9K>

' i l . 3sl

0 1 . 150

662

794
629
S21
219

581.571 ;
'•OS 561
921, "90 |
908,230 1

179.
623.
716,
7.N,

532, 2"v>
111, S O ]
.502 f>50
211, 611

1,
l't'J
1, M'7 >25
1, 91 5
2 51^ 713

\i (r>6 510

3 719 6^0

3, 317. s76 ,

2 178 ."!'>

2. ')Lo 515

312, W.)

27s 990 !

2H, ^76

i l l . 7*0

X

11 5 105
51 < ) 2 )
20>. 9 )2
207. s0')

1 277. 0 ' 9 '

S70
119
814
1 13

1, 692,130

1.717 105

110. 317

hit1., 121

141,011

1*3, 121

!• !, 127
112.1 ',2
127. l x 7
1M, 169

511, 129
J.'.s 7so
'5o5 373
601

2s8.
or>7,
101
4JI

438. 316
549,976
499. 025
425, 200

512
168.
"I.
«."2

A'\ 150 -

75 7
r;. J
6!. 1
si \i

2*0, 228
419, 272
30 5 570
028

535
759
Is7
719

1 321, 164

13 s, 605

•>• 1 9

512 .".'2

16 >. 04<<

102.
507
101,
219,

221 '
91s
52s
sO7

"93
56 5
V.I
9'iO

600 715

1 862 JsO

1. Iso ::, i

1. 856.908

70 1

"0. 0t)0

11". i s 2

121. 121

154.742

I'j" 121

71 1
7/ 5
77. i)
o 't 2

11!
1M. 02s ,
i s s . 561
260, 104 .

.71, ° l l
579, 011
' 1'2, 512
OS 9, MS2

S77 797
6-1- stO
71'1 619
6 M) 79 i

462,417
640, 974
653, 427
602,699

6 51

2.341. 500

U>:?o
7,00").
9,061,
9,011.
9.81s,

March..
fun >
.-M'Dtembf
n-cembe
Total
Monthly ttveriu-

310
969
218
179

751,
94s,
914.
1 091,

1

1 1 . r>0 0( • -s
11,211 2s,",

March..
June
>e[)temb'
I Jecembe r_. . . .

•s")7

6JK1, 7- w
38 3! 1 J"^

Tot u
Monthly liM-a-v

.

< ~p

rv

S(

>

311, IV)

4,492
t "17
5. 312
6, 976

310,977

.

s!2
990
315
016

.')Ki, 625 •
510, 159 '
631, 17"'
0sU)ic

'>')-), UOS

I 7 -i) *,(\-

'<ll T o '

1

2, t i l . i v i

1, U l

O7 7 ' 2
719
5 Is
175 t , ' | 1

979,

118 i

(>•)]

1

'2 * >7
2, MM
2 Kit
1, :r2s

'5 }s"

1 <>)

««) >

502 352

6s 1

2 52

08.1 197

2 101 2ot

M,. 501

791

20 > 4.51

196,832

&:<..

i, 7
2"2
].'9
'22

sy w
si o
r • i
'»• s

268 037
2 51, 9'«7
I1*'1, s7s
'21,006

"76
336
792
ssO

7sS
9f'7
70s
,s()

655, 2^2
754,647
770,287
583, 561

T O 221
s } 0 sO~

1

1939
March .
June
<i p t e m b iT_- Deoembf r .

!

-

_.

-

-

. .

Total

u

146,316

200 U21

J -51

7, 1MS 9'»2
7 ISO 50 5
8.3 47 .5il

.".72.412
061,71s
76". 71 ">

1.66, ISO
001. 11 >

." I''..

12, 091 696

1, J S7. i 10

31 91" 171

?°D 631

2 912 951

\Ionthl\ a^eraso
1

1.779 700

]

1, iS4 1 .0 '
1

268, 386 '

,'j " 0 * . ,"'•» '

2«2 1 \2

57, 127
3>s 1 50
152 7 '5
210

712
560 311
211
Osi,

31 )

(

f)Of

K

1 2s7097

232 817

107 2 1 s

2 79 5 7

-

0

|

69, 1 70 '
72.976 1
107,59s !

r,rf o

i

. ' . )

j 73
169
20s
371

^

or,

Ml. 1

I'll

65 6

2 53
-M1
275
i,l

311 7 50
316 l s l
110 501
in

w,

I. 153 66 s i

c

r

-

101
422
178
111'.
62s,

398, 745
429, 233
371,141
419,198

s91
s71
\'\
037

lsl
117
86 5
0U9

i n 9 ' *(1i
151 20s
628 'M
9 56

472,526
622 617
057, 694

697. 310
674 603
769. 978

808,613

1,012, »9s

" > • ' 1 f.' -

676 i(i7

1 166 513

2 i n 515

16, 366

97 209

212 013

68 6

s60

229, 858

172, 074

'M 1

722

1

758 295

2. 064. 8^6

! V I S 15
122.s56
170 is1.)
2 1 , . .i)9

7HS

9

134,860

77 251

<•

mi

0" 5

il''. 012

1 618,317

3".. 733 '

i '

•vOs '

(

n'i >.

1 2'J 172

927 008

,

2 7ss

J." 1
6 56
918
071

|

' -

v 15
0^7
2 H)
588

703

7s > i

42 9

01<:t 511

6S, 061

2" 9
15 1

111 O s j
! ^19
•i 5°
o 0 5"

'>'].
561.
i7i
3.°s

sp> —0
7 5 7

i

Monthly average

•-> r o
'?fi»

791 (07
7s "

! t\ 711

t 9!,",

9 361 OS6

733 M 6
7 }I 010
s-62 211

6!0

5 '.6 sV>

s

131, 710
210
l'>6

1M6.

- 717
791

s s i 1 JO
s7 > 11s
1. 211 1J5
i l s . N 1 , 1, 911 506

v 17, 7 s |
5 Jo, > » "
1 2 7 , 7'U

1 i.'i

56 :

1,5s.)

(
'•>, .57 5 s / >

2s j ,

1 >7 5s 1
621,698

21,316

Tot il

1 IW.77/
1 0'M.i 22
979 "'Js |
7 2 ' ) , ,">"•"

-5, U " I'M

was
March.
June
Soptemb T. . . .
Dec^mbf r

1 1 7 * ",o'»
1 M) j , 210
927, :579
11'5.80 1

111
S()l
202
1-s

2 561 451 • 3 1 5 3" i s
213, 454

262 812

1

R e \ w i t - r i o > . C o n i p i l ( > ( l b y UiO .^ncrUnn
Iron mcl s'"< Ii,*t-tt'li
i r o u i r e p o r t s o f ] ) r o < l u c M i o n f n r s A^ b \ c - u m p in.< s r o n i p r i s i n " m o r e t h a n 9 " p e r c e n t o f t h e c a p a c i t y
,in»l ] ) r O ' l u c t i o n o l t h e i n d u s t r y i n 1 9 5 ^ a n d 1 9 V ) , m o n * t h a n 51 • Pv r c ^ n i i n 1 9 5 3 a n < l 1 9 5 7 , nn<\ m o r e t h i n 9 7 i x r c t o i m 1 0 3 1 56. T h e i n < l u - t r \ i n c l u d e ^ o n l y t h o s e p r o c e s s o r s
\\ h o a r e a l ^ o p r i m a r y p r o d u c e r s o f s t e e l .
D it a li> v r" > h o \ \ n r* i > r c s c i i r p r o d u c t i o n o f t h ^ m o r e i m p o r f a n t s t e e i p ' o d u c t s l o r ^ai>^ o u t s i d e t h e n i d u ^ r r ^ .
S a l e s t o m e m b e r s of t h e
i h d u s t r \ f o r f u r l h e r c o n v e r s i o n , s h o w n s e i n r i l i U i n r e ] ) o r t < 01 i h e I n ^ t i t u i c . a i o e \ c l u l e d . T h e f k i u e s s h o u l d i n . ! }>o n u c r n t c t e d t o r e p r f i ^ t n i t h e r e l a t i v e i m p o r t a n c e of t h e
v a r i o u s [u ^^ b u t r a t h e r p r o d u c t i o n a t t h e ^ t ' u ' o a t w l i i c h t . h e ^ U n e v.u m b c r ^ f o r f u n 'K^r p r o c v - ^ i u ^ b \ n o n m < - " i b " r s o r a ^ l i n i s f i e d e o o d s .
P r o d u c t s in t h e earlier processing
>tai'ex- a r e p r o d u c e d foi s a l e i n s m - i l U - r q u a n t i t i e s t h a n t h e m r . i v n« i r l y f - n ^ l i u d n u - d i i c i N b e c r t U M ' \hv\ , - r e u ^ i a l h f u r t h e r p i o c e ^ ^ e d 111 t h e i ; r o d u c i n < : p l a n t o r i n o t h e r p l a n t s
wnliin t h e indu->tr\.
T h o i t e m s \ \ l i i c h a r c n o t ^ ' I f 1 \ p l i M i t o i y a r e a s f o l l o w s . P i p e s m d t u b ' - i n c l u d e b u t t - w d d , l i p - \ \ e l d , cl( c t r i c - w e l d . s< a n f e s s a n d c o n d u i t ; p i p e . , a n d
m e d i a l . i c a l t i i b i i n i . s h e e t s i n c l u d e h o t - r o l l e d , V > i - f o ] l e d - a T U ] e a l e d , f-alv;T]i/ed, c o l < i - p . l l ' d . a n d ill o l l n r s t u r t ^ : w i r e a n d w i i e p r o d u c t s c o m p r i s e w i r e r o d s , d r a w n w i r e , n a i l s
a n d s l - i p l e s . b i r b e d a n d f e n c e w m \ b d<- I ie-,, a l l o t l i e r w M C p r o d u c t s . ; < n d \om^ p o s t ^ ' ' p r i o r t o t h e f o u r i h ( i i n r ' e r ol 19 56;
T o l a ] ^ioo\ p r o d u c t ^ m c h i d e , i n a d d i t i o n t o t h e
i t e m s h l u i w n , d a t a o n u i i i o t s , b l o o m s b i l l e t ^ , s l \ b s , <-h" ( f b a r s , s t c 1 f i i h n / , - K e l p . , s p l i c o b a r - ; a n d t i " ]»i i f e s , r r ) i < ( n 1 e i e i n f " i c i ' i ' a n d e o l d - f i n i ^ ' e d b i r s . a l l o y b a r s ( h o t - r o l l e d
a n d c o l d f i n i s l i e d ) , l i o o p s a n d b ' l l i n t ; b uaU, \Aack
p l i l e . ^ ' u - e l - , :x\l<^, n . - c l c s p i k e s , a ; d u l l . c ; p r o d u r ^
1) j i w o e i o ] > o r l c < l ' i u a r t e r l \ p n o r t o \ n n l 1 9 1 0 ( e x c e p t f o r 1 9 3 3 ) ,
rr
w h e n m o n r h l v r"r)oris w - r e initiateu.
n e r s n o u d r o t - i ' ° i n c l u d e w^U i e \ i - i o : i s t i n t c n o it b i u l m c i t e d t<) t h e - e p i r a t i ' i u a r { ' i i > b ( c iu-< t h e n u m b e r o l r e p o r t i n g c o m 5 - i n i e s i - n o t i d t ' i d l e a l i n a l l Cjiiai t e i s a n d - o r ' e c o ' i u i ' i n i e ^ n n ' . c e , n b ; : - t m ( n i < i n t h e r \ t a l l y f m u i > « w l H M ir* n o t i \ >:1 i b i ^ M I •• q u a r t e r i s b I - J \h it h l y a v e r a g e s a r e b a s e d
; " t h ( 4 a i i i i u i ! t o t 1 I s . r i h i s s^r:<'s c o n f o j m s t o t l <• 5-eii(i-- 11i.it a p p ' a s m > h e 1 9 1 0 M i p n U n n n f , e\r-, i , t • h u M i " -i w \ h i\o h i m c h in z e d f i o i n 1 l o n e •(, a s i ^ o r t t o n n a g e b a s i s .
I ' o r d a t a f o r 1 9 1 0 , .M-C ] ) . 19 of t h i ^ i s s u e .

Table 46.—WHOLESALE PRICE OF FUEL OIL, PENNSYLVANIA !
[Dollars per gallon]

191S

Month

!».

i

mo urn

V **;

!
v.,, •

1!»'».". '

urn !

ur.il

'• v.
VI ,

im

if

m

1938 | 1939 |

:

m

|
January
February
March
April
May
June
..
Tulv
Vugust
September
October
Movember
December

$0.106 $0.073 $0,110 $0. 080 $0,011 s(J. 0*>2;.f0. 05o •j-0. 00." "M> o:U $0. 061 '$0
059
. 065
. 06S
. 053
.110
. 119
.010
.053
0,19
.061
.050 .
.0!5
.061
.115
.101
.039
.051
.()!»3
055
.01s
.055
,06 4 . 0 5 1 :
.130
.096
.016
.051
.057
. 053
. 060
. Ol'V
.132
. 096
.048
.015
.051
.051
.018
.001
. 066
.017!
. 036
.133
. 093
. 045
050
059
. 063
. 050
.041
.017,
. 090
. 033
.019
.133
051
. 058
. 055
. 062
.016
.012
.037
.019
.086
.133
05 J
. (ol)
.013
.065,
129
. 053
.03*
. 087
. 044
._ . .
. 051
.019
.017
.057,
053
. 063
.089
. 060
.050
.117
051
.015
. 055;
. 057
. 060
.094
. 056
. 057
. 066
. 099
. 065
.051
. 051
OM
.011
.019
. 084
.097
.083
Oblj

Monthly average. _

on

.ou

.095

.054

.no

016 .- 0. Ols !M) 016 •*{). 031 *0 025' *0 031 -s) . 0 i s > 0 03 s 80.012
.018
019
.014'
. 033
.017
. 032
. 027
. 035 . 03S
019' .050
.017,
.033'
.011
. 030
. 029
. 03 < . 010
050, . 052
.018
. 033
.010
. 02s
. 031
. 039
. 010
. 053
050'
. 033
041: . O l s
.010
. 027
033
.OiO
.010
050
. 033
. 024
. 033
. 036
.018
.OH 1
018
015
. 021
. 03 4
.031
.031
.0i3
.010
.034
. OL'O
031
. 035
. 038
.013
017
.013
.030,
045
010
.041
. 02.S
. 03 5
. 037
.040
.013
.044
015
.017
. 03S
. 027
. 033
. 0391 .038
040
016
. 036.
.041!
. 050
. 045
. 030
. 020
. 033
on
.017
. 021 . 031
. 030
.031
. 045
Oil
.0J0!

on
on
on

i

. 05u

.055

055

.059


1 Compiled by the U. S. Department of Labor, Bureau of Labor
replaces the series formerly published for fuel oil, Oklahoma.


.064;

.051

048

.048

.039

. 032

.027;
|

.035;

.038

040

$0,044 $0,049 $0,040$ ~) 039
.043
. 039
.048! .043
.042
.044: .043! .039
.041
.039: .043| .039
.041
.035! .0431 .039
.034!
. 043
.043^ . 039
039
. 043
.036!
.043'
. 0 44 .038:
.043:
04 f
. 045
.039! .0421 , 040
.041!.
.040
.0401
.041!.
.048
.039'
. 049
.038j . 0 3 9 ; .
j
.044
.045
.040;
.042;.

|

Statistics, and represents fuel oil, at Pennsylvania, 36-40 gravity, tank cars, f. 0. b. refinery.

j

This series

15

SURVEY OF CURRENT BUSINESS

November 1940

Table 47.—SECURITIES EFFECTIVE UNDER THE SECURITIES ACT OF 1933
[Thousands of dollars]
H i mistered or account of issuers, exclusive of substitute securities

;

^ ear a n d m o n t h

! Substitute
securities
j
(voting
trust
T o t a l | certifamount 1 icates
and
effective
certificates
of deposit)

P r o p o s e d f o r sa!e
1

j

Registered
for
account
of
others

I s s u i n g 'ind !
disti Hinting
evpense

|

Total

Net cash proceeds tc• b e u s e d foi —

j Not
| pro- 1
;
| posed i C o m - ;
1 sale 1 pensa-i
i lion to jO t h e r
I u n d e r - ! ex- !
| writi
i ers, pensos
i
jageutsj
j etc. ;
j

-u

Purchase of—

I

'
.
!
! MiscellaneRepay- R e t i r e
ous
men!
ment
£jiniand
of
of
zation unacpreother
excounted
ferrec
debt
for
notes
stock

i m en t

ew Secur- Secur11 ev Hies
ities
O*he
! for
for
invest- aiiili- asset s
111 en t ation
j

j

i

j

I?'
I.ii.t. m

!• ebr;i n",
M lid..
\pnl
.
M .v .
lur..
^l p t l " I t ! "
< ) ( ' ! til r

1.595
- .
bl.471
291
. . , 206. 993 ,
77. 3f>9
7,9' 9
97. S'.H
0
97, 0!s
3. ;v.
Hio
327, 979
0
225. 621
1H. 401 I s A2't
0
MO, 5s7
1I1.S7X •

\ V. ember

5".5. .51 )2

i-,6,3-7
1

' i t; .

.
.
vwi£?o

1 !,- j r .
1 i-lilU if \
M "'!i

\pnl
\l,iv

.

lilllr

J liv
Wirusf
-M n T e P i f - C l
'•••(.lur
\ ' H .

-

],4so
10,622
2,315
5, 51 o
1, \\7
9. 5s {
310
\ 271
5 '.' »2
1,673
7. 33 t
]0, 3.A

')

115
21.702

\eraM'..,

60 07S 39, 330
J32 sOO ' 2, J17
5 s s^9 1 7, 667
67s
X7.311
r>i 121 1(), 119
2ns 3 53 !2I 60 5
Jsx f«20 113. 7 57
27X . 7 1 s
17 11 1
S 9 '2X') 5'i. 370
3 f 7 . 775
1 s.sM9
I'll 012 11, 791
1^1 2*7 29. 116

3'H)
<s21
ii 1 £

5X7
500
1. 162
1,1M1

(1. f>0 i
6 , t, ).~\
l(1

5, !'
s, 2'<3
(j. 2s 7

7d2
2. ' 1! 0
1, I s ' )

1.3-7

675

(

5.O7S

202 207

42. s7i

5, 1 i()

9-62

p>; 221

2h7
l l j 001
21 020
2,311
87, 2X2
624
30S 519
50
SX. 062 31.000
276, 096
0S6
1. K)x
231. 969
301. X 29 , 3. °,\ {
35,916
775
]s]
30, xl 7

1. 5XS

13s, 1 [7
20, 705
81.803
296. 9 H
53 2s5
26J,s61
231. X62
2x9. 315
3.5, 7 )3
27,(il9

2, 20^
1,31"
U 516
61.277
22 017

'h.J
206

1

U 1 nut
1 >t,M0

1. '.Hi)

5, 2xs

1.013
I, 190
2 752
1. 675
2, 12 s
6. 678
5 0i)6
6 . 0 51
2, 053
1.2-7
1.069
3. i l l

1 V)')

205 i^Z

1.5.-15

:> 201

97!
4.
11
3,
]]

x.l \
521
777
51 'j

1, 999
11.S70
i, I N

X. 1 0 - j

3 57X
xll
'J.f..U

I, 815,0 16

Is, 719

02. (.53

151,251

l.i'.' 2

L66. 17f

2,42.",. ls3 511. r-s

2, 695
0 ^l'{
4.5S1
3. :>M
2 J61
K Ds

6 0 , 9 50

0

lO'.n

399
076
05 j
3x 1
4 Is

2,510,977 ! 53,561
1.46]
211.748

iM.'-r

H. cv.'.J.. '

15,2 57
55,611
3,21!
1.091
3x 197
317,992 101.0S9
.'21,31 • 29, biU
39l,x()5 101. 125
J 2 i, 59') 2 9 , 0 i ' i
110.20") 52,126
29", 9! 1 77 1-7
131,26(5
3.917
7^,
] 96.
67,
92,
92,

1,703. 6 13

5 2 21

X. 9 )(i

11, Xlx
8, << 17
13,5'o

1 1 , 5 1 2 1.

61 7>>">

1. 190
2 57
I. G i l
9 !2
1.215
125
2; i ;
6"M

767

, 6 >7 191, 22^

JI 2(> 1
J ! 9f i.l
5X Xsl
22\) 502
2^ V i i
211 o l s
Jx_ 131
270 20 5
)•> 63 S
|.> 05", *
!o7 H O
in OH

621

I t i, 970

.'K

: . * 17 ! ' H

120 »,21

|

rj H i
6!.x:u

0
vs'j«j

41, 09S
18,932
1, 1O0
6. 1)7
3'). s27

0
20
0 '
119 '
0

2fi. I D J

10 '

26.671
21,0'n
3*. 377
27...20

501 '
0
79s0

0
0

0
1.472
232
53
3
2

V

7

0
0
is,")

270

.SiJS

''.<",, 007

- 3s0

.'.211

i i . I so

27,917

i(<^

Isi

3 . V 72
7 . ^91
19. 3X2
1 72,"36
3. *x-l
'{1, 0 1 5
2 1 , X46
1'*,. 006
.i. 5 7 i
li. 1(I2
I ^22
X. ISO

20, ~ !•»
2. 116
1 ('77
3.629
11,27,^
11.716
19.01s
2. 195
11.'Wl
2 , 6 '2
57.51]
.)

|

I2'» i2W.-.',7
If-. ••77
10. 770

20 '.

0
TOO
0
It*
VJl
S9X
i>i
Ms
i'
,-J79
1JM

62
6
61
19
55
1
175

156

7U
oSJ
566
S38
937
477

2. 124
;>5x

675
9, 170
21.3S5
7, s60
11. 1 56

l05
812
1X0
191

5.012
"6. M«J

s')l
64 5o7
SS

3'i

2, 03t".

034 101 0X7
t>7 336
V>7i

<)
101
15
JOi
3 36, r)A i
2\ 117. t j s
(>•;
s 6(1
52 LX7 (PW
1} 122 on 1
no 217 M7
•1 7x9
!,5s6
L '2^
2.11
13 970
0
190 126 20x

2. 161
J,3"!l

217
!, 629

561
5,017
IN', 697
1.X07
009
!. 223
7. 3Xt
6, 161

2. S* 2 . 2 ^ 97s ( >!5
JWI!
20 7
M 576

11,166
3, 76, {

0 •
0
0
iiw •
0
0
21,053
13, M 9
0
117
lx. !fo
10. 191
6 s . 100

379
312
189
80
:
;
27
14
!
i
3
2
( )
43
1
262
0 1
214
2 i 23, 080
28
(2) ;
0
4
0
0
1
8
1

!
i

17 i

;>, ( >7i

1

35 5 s l
0
191
J,031
0
lOo
1..162
2. 117

0
2
15
2
0
9
0
1

0

13 '
3, 21 t
3,391 '
5 0 , 5 53

10
6
26
29
364
8. 787
|
13
1 29, 426
19
0 •
4 :
2
i
i
!
I

15 :
(2) |

,

f)

8
38, 69G
3, 225

47

1,211

21,631
2, 053

4

tin. ss a n i o u n t of s e c u r i t i e s 1<%HS> ^.ecuritie" reserved for c o n\ ,»i\sion or snbsti
1

of registrant

T>pe of S«M
Vear and m o n t h
T o t a l

i Secured ! cured
; bonds \ bonds

s Preferred
' stock

cei-m;{."orn- 1 cates of
Extrac- ! Manu- Finanparticipative i n - j factur- cial and
1 111011
investstock j tion., inel. dustries ins: inmen!
dustries
warrants
! and rights

_

i Trans; portation and
< communiC:iHoii

_

, Electric
lii?ht,
i power,
Other
| heat,
' J?as, and
1 water

_ |

!

1 'i iS
1 <I •« I \

7S. S(\x
X*,. (M0
6X, 522
97.31'J
S5, 5 57
2xV..2lX
22! 322 '
\\7 2-H
12. I <7
05, 063

»

I < hi u i r \

Vpnl
\ ! |\
lur.
M.I.
\ U_il->t
-•> D ; I " i i t H .
«r t i , b i r

\

M

n 1 . i

* 1< v

'

i

i if] . t! ,

1

b i n f\

M -ch
Vnui

-

hih
\ii_r'j-.»
-, pli PINT

\o\unhi r
I>

- L " N, 1
I • ) • >i

Mont) i\ •)\er<ue

.i. 811
2 1X1
23, 397
•'5 225
2, 9t>2
5 -1.V)
i 522
1

(

.-,

if>.!.6i

736..S91

8.j ( .,'0»

'•2. ^7s

<:. 712

61, 108

69. I l l

7.710

12, V)7
21. 3f>6
60, 61 1

900
5, 1.59
28, <xXfj
117,701 1
9, H "
1 t \ - 72
39, •),"!

70.91 5

.^ - , i V

>7\3ri
271,720
<>'2*> 6 9 4

!') "Ci5
17, U 3 '

710
2. 02S

,2, 112. 518

,~~>, 5 s **
J I'M

3,715 ,
Is, 21.".
3 1, 072
''I. lsl
im 6(<! ,
5. 72"*
2'.7. 0<)i

30.525
10, 150
12, 22X
61,301
7, 500
227. X00
86 227
97. 210
">[ 7 in
1
10, 9 l 0

21, H I
Js..V.«.

10. 700
i • r .:

1 i. 599
5(>. ixs
1 925

>{M) 2 9 1

26. Sss
2s, 161
13,991 ,

53. 307
I,fo(\,195

110.511

10. 3s()

13, IH
iu s p
125. 6s 1
706,017
58, 837

\i'K

>>•) 1

0

22. (.15
x-;, 562
f)

71
112.
102.
J.

279
121
"21
(>oo
5( i! 1

J 7 , 7(Mi
10, 'H)0

2. 70"
1,711
27. 000
22,260
12, 075
J() 106
J1, 62X
I, J 56
2 J00
3. 391
8,710

17,2x6 '
61.701
37, 35'i
22, 2"7
13, 170
12 0 - 9
19, -Li
26 177
2 f, .< 19
11. \2.>,
51, "2».
22.OS!

j s. r.xx

569

5}, 2S1

I. I l l

j 5. l',0
7.591
22.911
\'.»'»J
5 ] , -,!';

M.1 1.-0
1.074
'59
0

l\ ! SI
23.03s
s. 17'. •
10. 31!
I.1. 1 LI

117
1,31']
<77
!.5!s
S, 2si

> 2(;9
31 514
60.1

1, 5 57
961
Ms
5
117. '»9
^_ l<96
r,n 6X1
57. 226
0]. «M
11, 0'.'

2tM, 297

25.^,2

5«M.

r,-,o

27. 191 '

20,775

2,151

',],

722

x, 7.".7
9, C15
J 2 , '567
17 1 >x
2J, 173
2i). 307 •
16. 1 )'.\ '

22 S'>6
3. S7.I
1.0' K

523
0
'2X0

.52n. 29X

19.011
12, J 72
11..517
3 1 413
<\ 076

^W7.O12

^3,317

22S, ] 17

11, 118

11. 2T6

19, 037

1 7t/>
3,40'!
10

')<•(',

10 7,'i1
0
80(»
1.000
1 2, (1'. 1
0

71,672
5, 973

312
2i!
12 2 ( » 0

702
2 717
1.5X2
1.52"'
6

(1
l t (

26.3X2
2, ' 99

IO. 262
6. 821
,56, 0 3 3
J 16, 150
3, 77'J
9'5, 097

,
8s. 912 i
3 1, 111 !
3, 1X5
X, .Six
y 929
23. 117 '

465. CA\
S01

,
si ,
ili ,
2( ,
31 .
s,
68 ,

6xi*
."00
050
751
315
52X
213

-[ . \)~i<) '

15 .
7l
IL ,
.'••

169
52s

, 6 19

0
0
2.115
4.990
0
30.555
29,978
0
0

j
i
i
!
;

39, 705
67,308
0
64. 5J4
21, 145
84,919
j
3,255
1 243,971
1
0
275, 173
0
4, 239
103,219
0
82,2S0

1

~
636
878
7, 937
1,104
0
60, 550
5,142
3,864
954
1,500
63, 475
2, 414

207

71,877 |

985,488

lr) , " < ' l

5,990 |

82,124

148. 455
12, 371

0
1.S27
0
5,305
250
3, 921
28, 834
4, 548
380
1,750
7,823
1,401

108.512
5, 090
27,506
! 117.712
!
31, 605
124. 971
82, 914
217,149
!
0
j
11,194
i
54,955
; 119,176

450
969
1, 037
2. 291
2. 696
15, 500
3,141
33, 444
1,997
2, 250
511
2, 891

56, 037

900, 785

67,177
5, 598

52i

-r)
{

, 3(»o
, 660

1, 71x
( . 271
17 021
21 911
21 . 102
3,894
19 111
') . 927
10, 776
221
170 170
11, 206

4,670 i

75,065

Co npili'l 1>: the S(cmitia and hubavae Commknon.
These <Hta diuYr fiori the ^ r i o s publisl e<l in the 1910 Supplement b \ the inclusion of securities registered in conm ctum with exch'i'me plans of companies, whether or not in reoi uani/alion, <>r in connect ion with the issu-mre of uenific Ucs of d(»posit and \ oiinti trust certificates. T h e latter
ut designated su))stitu!o s(cunlies
\ t present Ihesc data h a \ o been compiled b<-"inmn^ only in 195S; earlier data will be shown is the.\ become available. Data for
19'0 are on p 34 of this issue. For a more detailed description oj the jn-rie^, ^ee footnote 1 to p p . 66 and 67 or th<> l ( '10 Supplement.
1

I n ss t h a n $'00.
[[.(•hid< s ^12,57'),000 in f u-e amouiiL m s f a l m e n t certificates which are. not included in the break-down.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

1G

SURVEY OF CURRENT BUSINESS

November 1940

Table 48.—OPERATING DATA OF TELEGRAPH AND CABLE CARRIERS
[Thousands of dollars]
Operating revenues

|

Year and month

Operating revenues

Telegraph
carriers

Op orating
|
| Western •
e\Cable
!
penses
carTotal !
I revenues:
I Total I from ' riers
I
| cable '.

1934
Total....

1935
January _
February
March / .
April
Mav
J une
July .
August
September
October..
Xovember
I H-cember
Total

Total

70!
Mid
s! i

193S

I iiiu a \
I 11 m.iij
M mil
72s
"01
[

s. <;os

0, 101
0. 2!0

122. 17s

M i\
JllIK

1
JI.O

2M

;

.

Monthly a \ c a g e

J 'i m i \
I < 1 in n \
Al n d i
..
\iuil
.
M !\
liu .
Juh

3 20 i

10, IV)
(|
, Mi
10. 0 4(>
JO, S19 '
10. s i n
n . ^9 I
l i !20
in OM

9. '22s, os,]
10.052
10,001
10.029
IO,:^ ,
Id " S '
i, I2h

ii

'<•.(>

i.

]d

( »

7ii

on
s 47s

.'til

S,

I ,02
I. 102
I. |Hl
I 72"
I "si
] 22s
I i"_
I MO
I 2t»s
l,7ll

'((>••

ISO
sl'i
s', J

l

') s iS i

\2 072 | 1 l . ^ r j

666

1 ;J,666 ,122,116 ,
i
11,055 10,176

i 5us

1,071

100, 0( 0

122, 842

:

. 10,237

862
765
S")
719
70]
MM

M.l
sUI
(
i7t)

112, 858
!

9, 276
* 255
8, 6_2
* Us
9, 238
712
9,215
{
n
> 3 V, '
10C
9, 1M> ,
J
5 VJ
0 l ,0
9 212 I
9, 111 i
9, 171 ,
0 2H
9 9s7

* 1.078

4
197
« SOS

4 615
247

9 0^1 110 81S; , 1, 1S2

9,405

8 2

9 23 . .

A1*

9.689 ; 8,829 ,
9, 196 ] 8,436 i
10, 622 i 9,717 ;
H)] 156 j 9.383
10,860 !10. 065 '
10,891 i10, 113
9.900 ! 9. 189
10, 690 ! 9, 887
12.495; 11,079
11,087
9,995 ;
10,313
9,324 ;
11,925 !10, 822 !

.

sll
71(t

sll
1, 171

lot.]
Monihlv

127,825 1116, 837 i
ivorage

860
761
906
502
773
514 '.
795
501
779
451 ;
712
542
802
900
1,417
684 I 1, 092
610 :
989
658 i 1, 103

9, 090
8. 598
9, 256
9, 080
9, 532
9. 406
9, 291
9. 386
9, 675
9, 308
9, 210
10, 008

d

39
700
437
6-34 ,
844

d /?? '

621 :
2,072
1,004
424 ;
1,212

6,940 ! 10,988 1.11,840 I 7,869

10, 652 !

916

9,320

656

001
920

9. 4 0 s

030 '

9. 'u, 1
9. 321
0, sit')
9, f'21
9 s7,j

3 i2
413
026
61'
3, ".i")
7",,;
2n1

248
1.311
230
33 i
* .?, 201

l i i M">

1940
'». J",s

1937

578
547
633
608

;

January
February
March
April
May
..
Juno
July
August
September
October
Xovember
1 )eccmbcr
Total

\I up.1 h i \ average.

506
117

1939

1930

Tolal

-< I t . n Ix
O tc It. r

"74 II ,

II J.

Monthly>verage_
I .in uar \
1 cbi u i' \
March
April ..
May . .
June . .
. .
JulyAugust
P<P enbei
(>< h ber
Xo\ ember
l)e CM ber

.

11"
127
J 0,s

8, 840 j
8, 384 !
9,770 i
9,345
9,346
9, 590
9,047
9,523 ;
9,850
9,490
9, 114
10. 553

9, 701
9, 149
10, 625
10,094
10, 139
10, 399
9.856
10,314
10, 739
10, 351
9, 944
11,529

Jul\
XlU'^t

<)<-1"

I 27 i
I. "21
I l<<4
"7i
I, >\2
I !(.".
I M0
I nl7
I 7 2

s . :{»•.(!

11. I 57

Net
income

1,061

s. 402
>, 051
s, 491
,\ 171
s. 700
,s. 51 is
s. 62i'«

107
o. 370

Id! '30
10. 0:,3
Id. :M"<

I
j

Oper- Operating ating
| Western!
in! Union
Cahle 1 e.\!
penses
come
revenues car! from
riers
I cable
i opera! tions

Year and month

S01 ' (S, 561
9. »i50
s. Oso
10.021
Id. 1M.

Telegraph
carriers

Tota

10, 72U 102,73 s

Monthly average.

I
i

Operating |
in- |
conic I

i 11,300 10,332
i 10,545
9,659 I
! 12,303 11,311
-.) 11,425 10,444
_--.j 11.371 j 10,524
! 11.648 | 10,759
_ i 11, 123 i 10, 159
! 11.186 i 10,281
11,242 10, 305
11,018 10, 082
10, 176 ()t 297
11,730 io! 740
il3o7orT
893~
!
'
!
Monthly average
! 11,256 J 10.324 ;

560
533
562
599
546
580

002

9. 52")
•UI7
0 s2"

s!7

10, O'Kl

I 127
sol ,
I, -06
1,020
( \i |
St,h !
".If I

10J),2
0, 75'i

i
;
:
I
!

10. 14".
in, 020

I miht\.
1 « r>i u ii y
M ,!(h *
\PP!

1,007
2s"

10, stls,
l(i,661
11 .-sr,
11. I ih

M i\
Jun.
Tnh

9, 151
0,00 4
0, 032
9, 6s 7
10, 505
i0, 10S
9 fnif>

iO9 i

500
501

504 !
HI

! '•

,".i > ' 1

;

973

1. 022
0! s

513 ;

st>7

s t so2

:
:
|
!

!
j
i

3 gh

123
14"
397
46*

127

70')
12s
1
si

0, 1 "»i
in, 210

9.711

1 (12

- Deficit.
1
R e v i s e d s e r i e s . C o m p i l e d b y t h e Federal Counnun'catiohs
Commission
f r o m t h e r e p o r t < of t h r e e t e l ^ v
$•"0,000 o r m o r e . T h e s e c o m p a n i e s a c c o u n t , for p r a c ' i c a ' h ill of t h e t e h ^ j i - i p h a n d c a b ' e b u s i n e s s a c c o r d ,
t e l e g r a p h c a r r i e r s , f o r m e r l y c o m b i n e d w i t h t h e d a t a f<>; t e l e c . n>1% n 1 c a b k - c a r r i e r - , h w e b e e n e x c l u d t d fio T i
of r a d i o t e l e g r a p h c a r r i e r s a r e n o t a v a i l a b l e b e c a u s e of c h a r _ ( - r t i e j ' c o u n t i n i z .^\ ^U m . I ) a t a i n c l u d e a c o r
a n d - c a b l e o p e r a t i o n s . N o c h a n g e s h a v e b e e n m a d e i n i b e -^cru- o-i o p e r a t i n g r t \ c n n e , - oi n d e g i a p h c a m
y r a p h c a r r i e r s b e g i n n i n g 1913 a r e a v a i l a b l e o n p . 87 of t ' e I' 1 !') > i J P p l e m e n T .

jnd fJ^ e L \bl»» r uric-, ^ n intr innu d "peritinj; r( \ ciue-. (t
J Me ( eiMb of 1 lpctnc 1 I ldustue^, 1 '37 Dat i foi rnho>e T u^ht e ihow i , incomparable d ita on expense •. cind income
U I \ P 1 \ »m 11 amount of levenue from transmis^K r-^elepl oot
'i i I c bl»> u n i « s
nnu l d A ~* on opudting i e \ e ' n u - or H 1*

Table 49.—SHIPMENTS OF GLASS CONTAINERS :
1934

1935

193G

1937

'

1939

1938

1940

1934

, 1935

1937

193G

1919

* 1940

Month
Total, all types
11'iuai \
11 bin ir\
M lie1!
Vpnl
M u
June
Juh
VllC'lst
^eptt ml or
Octobei
Vo\ ( Plbi 1
J)rc< mbci
Total __ . .
AT >nthh a \ e n g e . .

i 2 " 0 070
2

2 674 0 2 )

>7i 0 1 2 , 2 "i7(

90,

2, OK), "07

W

2M

}

j UJII M 7 J

i 71

72(>

-

Narrow neck food
e n ) Sl_
v

)J 2 1 '

-> I n si ,
•> ->1(J 222

1 007, 421 2 'iti '42 i 4 > sw s " s ^ > , (, } (42 ^ «n7 i s 1 22 i -1 )
2 ssj 470 2 92' ^77 > (>0 S'i), f s0 }«0 o f ' 0 0
(70 ()0l 4 ]) 2 If)
1 l r >! 2 ^ s | i 102 tut
} 120 210i i 220 7 ) 7

2
, i
3
3

902 7 s i 3 42 f ' "'H
O'o 7)1 i 720 "00
2~>2 l s s i, 672 010 4 346 217 1 40. o i 4 9 7 ' 1 » 4 ^7 2so
102 096 3 >P7, (<»".) 4 -510 017, 3 Oil S7^' J, ( " M2 4 477 "4^

I 2 T ) 24()
I 2 42S 270

2 9 , 7 317i 3,610 ss(>| 3 2U 40f
2 " i 0 1271 3 070 01h 2 0 s >n

M s J 3 707 i " 412 770 4
I 2


1
http://fraser.stlouisfed.org/
See footnote on next
Federal Reserve Bank of St. Louis

I 001 707 l s i > 072 > t\2 702 4 17 » " i o 1 7fn l l s
4 004 <- > "• I •> 1 ~ 4 , >7 *
sf 7 ' M l I 0 2 1 t ^ s
4 i s N ) 4 *>", 7u~
7->2 101 4 h n 1724 ^i2 100
4 i .0 11 1 4 07i 212 4 1S2 00"' 4 ~7i 2*7 1 '»"> OiO

(t

02 s ] h

page.

i 117 7 n

, tsl
{ I T

i s ) Oil "0 041 s " 2 4>
> 7^2 L I

?

f

14
•»(

i s s s 2M
()7(» > * T1

' s 110 40 1"4 2")f>

4 170 404 ' 000 s i , 4 000 l s s

l"i
Ii7
17>
_11
207
n0
701
.27
104
101

/is
i ^
4i0
OS
11 Si
40 i
0(/()|
ISO,
0 1'
st •

si() 61"

121 00S
j - ) 2i)
l> 2 007
141 67s
1< " 4)9
21 < 910

11"
HO
17
loo
212
2/)

0 *2
S >)
i'i,
00
1<()
^7

; M 4 U

(12
S36
3s()
11".
142

0 1'
411
311i
JH
07

622
28i
IP,
s"

944
0i4
427,
s7l|

3 0s4 010
2 7 001

01
290

147 000
142, L x
104 3i4
2(A

i7i 11
719 i s
S00 20
273 700
11# 00'.
so l i l
-i 572,647

1"J 437
I4w 42*
10( 401
20 4 940
217, 4 »1
21 ">, 230
71" "61:

ros 9s j|
222 0]s
124 227
i,17l 7"7
264 31]

147, S(K,
148, oli

174, v,,s,
3s7 1' "'
27. 942
327 4Hi
70s 2')0j
2 ) 5 "lOj
144 f 2-)l,
104 242

17

SURVEY OF CUEEENT BUSINESS

November 1940

Table 49.—SHIPMENTS OF GLASS CONTAINERS—Continued *
[Gross]

Wide mouth food
January
February
.
March
April....
May
June
July
.
August
September
October
November.
December
_.

521, 8021
550, 0451
683, 100j
632, 669
698, 742
704, 922
678, 974

785, 380
740, 854
876, 499
846, 646
917, 267

614,631
595, 799
657, 691
625, 428
709, 458
688, 287
749, 931
739, 6151
592,198
732,098
531,335
436,190

936, 303
787, 995
644, 703
682, 267
547,358
448,616

796,
790,
872,
883,
954,
931,
952,
010,

685, 4501
668, 652j
762, 518
734, 597
736, 791
779, 842
813,831!
771, 382|
703, 774|
778,663i
634, 162!
602, 611 j
672,273 9,917,808

Total..........
Monthly average.

039,388

754,3691
I

777,630

722,689! 826,484!
!
i

196
645
397
098
952|
628
678
448 I

549, 712
347, 642j
316, 736!
252, 473
231, 748
213, 903
244, 622
202, 732
338,511
459,111
486, 381
499, 026;

327, 694!
342, 714!
389, 796
408,532
464, 725
394, 990
382, 47
343, 439
539,844
674, 644
734,108)
658,364

4,142,597 5,661,389
I
345,216
I!

455,8431
463, 206J
598, 795
564,211)
522, 840
534, 004
485, 505
454,122
656,828|
904, 1161
948. 3951
787, 742!
7,446,640

471,782

935,521 7,375,607

620,553
I

661,293

7,866,615

614,634)

655,551

Medicinal and toilet preparations containers
January
February
March
April
May
June
July.
August
September
October
November
December

65, 0 7 1 !

59, 858!
73. 649i
60, 187]
96, 791
64, 379
64,641
89,912!
77, 640!
86,601''
54, 933
51, 477;

36, 944
36, 676
34, 944
41,015
45,096
40, 618
39,410]
46, 775!
41,197|
48,128!
34, 101!
23,319;

45,9491
34, 532!
31,164!
35, 937
34, 492
29, 909
26, 943
49, 599|
42,113
56, 103!
46, 7651
37,931

39, 587
39, 777
36, 694
32, 839
40, 726
32, 541
37, 026
37, 090
36, 638
39,7211
35, 396!
25, 867|'

40,839
38, 092)
32,1661
39, 899!
45,149
29. 857
42, 743
43, 722
57, 205
49, 365
40, 352
27, 890

33, 424
28, 299
34,046
26, 253
41, 582
32, 325
34, 926
48, 4441
36, 027
50, 091
44, 567
30, 701

1, 478, 040!
1, 338,120|
1, 445, 927
1,280,429
1, 204, 707
1, 300, 754
1,134, 759!
1,198, 250
1, 269, 0221
1,361,390
1,069,170
843, 932

37,847
991,391
132,529!
44, 869
996, 100
047, 326!
37,051 1,196,
090, 308;
37, 483 1, 038, 392i
968, 478!
41,301
936,401!
942, 3891
30, 603
877, 979|
907, 058,!
28, 403
804, 0751
922,543
33,891; 1,011,1491 1 037.599! 1
l,005,867
105,830|
1,216,275
310, 182; 1
1,031,758
079,018! 1
918, 305
876,872) 1

1,066,818
945, 313!
1, 085, 4771
988, 488!
1, 030, 236;
975,409
935, 489!
1, 200, 766:
1, 2 2 ,

!

1, 430, 834!
1, 209, 398i
971,041)

, 335,992
,191,698
, 200, 772
, 118,921
,211,852
,100,649
,147, 298
,446,461
, 458, 718
, 600, 946
,351,024
995, 363

304, 270 14,990, 578; 13,067,141' 15, 225, 694
M o n t h l y average

1,007,044

1,035,011; 1,192,023

Pressure and nonpressure ware
January
FebruaryMarch.;
.__...
April
...
May
.
June
_.
July
..
August
September
October
November..
December
Total

00,6j
04, 104!
104,024!
140, 220
188, 090
229, 955
159, 489i
90, 277j
56, 204|
46, 078!
54,027
59, 5901

62, 191
67, 191
108, 293
179, 837;
197,676!
216, 140
165, 846
111,054
59,019
53,050
51,094
55.145|

66,021
79, 570
100, 224
230, 127
326, 496
300, 776
311,895
195, 2871
102, 214
76, 821
84, 777
110,575

1,252,795; 1.327,142| 2,110,783

170, 964
175,000
274, 77
382, 940!
487, 4791
564, 319
408, 078
270, 759
141,951
85, 293
73,923
97, 737

124,659!
172, 036!
294, 235|
397, 982!
474,144!
458, 966;
312,705J
195, 747!
91,584!
70, 602!
67,112)
85, 593

1,249,215

General purpose ware
161,114;
196, 443!
270,921
275,872
258,404
212,945
157,397!
180, 154!
172. 1().'{
199. 582
140, 609
139, 880,

121,919!
146,381
277, 551
405, 470
536, 969
590, 839
395, 579
204, 351
150, 463
107, 743
91, 702)
118,550

153,
103, 3581
241,925!
233, 918j
206, 733 j
187,403!
155, 277)
188, 260;
185, 696!
192,671!
142,743!
120,916!

189, 225
205, 633,
255, 412!
227, 0571
246, 220|
259, 492
181,770
224, 098
205, 510!
240, 285
185,950
204, 055

253, 128)
233, 615
255, 922!
282,176!
258, 614
242, 980
198, 995
212,3371
199, 68O!
207, 282!
151, 726!
107,125!

Monthly average........

181,059

i

'I
!

218,770

216,965-

I

September
October
November . .
De<embei
Total

.. ...

73,3111
84, 099
157,114
267, 422
359, 096
403, 708
203, 808)
180, 8471
120,540'
100, 129i
103,818)
129, 1061

1. 318, 11* 1, 3T>, 100 2, 673, 553 4, 313, 407 2,136, 042; 2, 339, 064
109.843

M o n t h l y average

111,267:

222,790

359,451

178, 004;

204, 073
249,192
265, 433
277, 446
288, 594
249, 325
209, 806
312,899
286, 776
330,381
281,165
214, 040

2,172, 7081 2,625,307 2, 603, 580!

3,133,219 2, 745, 365| 3,147, 517

115,590!
132, 584!
237, 972
288,018
349, 297
300. 750
243,9111
211,052!
76, 095 j
46, 802:
72, 724;
64, 587 i

1,088,928: 1,208,8

116, 565!
148, 800
146, 666
129,887
165, 929
177,020i
168, 343'
149,465!
140, 958!
127,507!
129,273;
155,704!
1,702,117

178,858;
182,050:
102, 853!
159,708218, 275!
214,880)
246, 830'
214, 070!
205, 109!
177,488!
168,841!
177,577:

!
140,843

100,75;)
151,303
173,088
170.511i
203. 207

2,307, 247) 2,419, 631 2, 000, 522 2, 242, 6W01.

1,941,829

194, 022!.

143,580
124. 302
101,505
173, 21K
ISO. 70:-!
107. :.9'J
100, 520
20.". 114
ISs, 01',
l V , 21")
10L>. (120
170.274

161,819i

!
102,271!

I
201,030!

!
172,210:

!
186,891L

Domestic fruit jars and jelly glasses
1934

Month
January.
February,
March..'
April..
May
June
July
August

_
._._.
..
,.,._.„

12,51
19, 088
31,303
59, 030
127, 452
160,034
150,020
107,150!

1935

193G

1937

1938

1939

29. 904!
4,263
3, 854
6, 535
2,803
10. 000!
5, 825 13,179
5, 307
2, 004
10, 712)
9,941
7,447 24, 249 12, 202
40,491! 51.395 30, 938 33,903 40, 898
107, 307| 189, 739 102, 602 97, 002 107,300
183,615! 182,385 171,474 145, 521 109,459i
282,030! 99, 657 192, 420 214, 743 137,714
102,620' 72, 529 330, 081 128,104 143,914!

Month
3,339 September.
l,811j October
0,123) N 0 v e m b e r . . . . . . . .
17,580 December
59, 459
101,
Total.
_ . , 708
._.
140,210!
105,853 INM o n t h l y average..

1934

1935

193G

1937

05,129
14, 199
4,618
7, 548'

240,313
17,7851
2.4851
2,565;

59,805
8,078!
4,398]
3,943)

177,330
16,016!
1,252!
2,8661

1939

1940

61,536! 107,861
5,61*2! 11,918
1,200) 2,018
l,54Sj
2,357

758, 703 1,132,439) 692, 396)1,072, 730! 710,808! 739,147

I

03, 225
94,370)

57,700;

I
89,395! 59,230:

01,590

5 New or revised series. Compiled by the Glass Container Association. This table presents a detailed classification of the glass container shipment? which were shown
in the Survey in total only prior to September 1940. The total shipments include revised data for 1939 and earlier years; annual data on total shipments for 1928-32
are shown in the 1940 Supplement.
Data for milk bottles, pressed ware, and fruit jars made by the west coast group of manufacturers are included in the totals but are not shown in the individual classifications. Other classifications include data for the west coast manufacturers. Detailed lists of the items included in the various classifications are available from this office
on request.


270893—40—3


SURVEY OF CURRENT BUSINESS

18

November 1940

Table 50.—FEDERAL RECEIPTS AND EXPENDITURES
[Thousands of dollars"
Expenditures
Months

Transfers to trust accounts
1937

January
February
March _ _"_
April
May
June
July
.
August
September
October
November
.
December
.
Fiscal year, total
Fiscal year, monthly average

48, 642
56,176
506, 020
40, 282
43, 389
356,150
42, 221
38, 032
329, 042
37, 652
34, 142
319,143

I

304,287 8,765,338 |
608,691 I 730,445

11
10
13
9
324
500, 380
83. 255
20, 000
14, 000
14, 000
14, 000
20, 000
003, 401
50, 283

1938

1939

15,
15,
15,
8,

1,500
0
IS, 000
0
94
4
124, 103
18,100
7,150
10, 000
10, 000
10, 000
182, 204

000
000
000
603
0
800
97, 107
9, 500
11,500
11, 500
16,500
16, 500
219,658
18,305

15,184

* Compiled by the U, S. Treasury Department. Data are on a current cash basis (unrevised Daily Statement of the XJ. S. Treasury). Net receipts beginning July 1, 1940.
represent total receipts less net appropriations to the Federal old-age and survivors insurance trust fund (social security-employment taxes less reimbursements to the general
fund of the Treasury for administrative expenses), which under the 1939 amendments to the Social Security Act are appropriated directly to the Federal old-age and survivors
insurance trust fund. To make data for the period prior to July 1,1940, approximately comparable with the classification effective on that date, transfers to the old-age reserve
account (for thefiscalyear 1940 transfers to the account less administrative expenses), formerly shown under expenditures, have been deducted from total receipts (to obtain the
new series "net receipts"), total expenditures, and transfers to trust accounts. There were no transfers to this account prior to January 1937. The series on income tax receipts
has been revised to include unjust enrichment taxes, first collected in September 1936. This series as shown here and in the 1940 Supplement includes excess profits taxes.
The descriptive note in the Supplement erroneously states that such taxes were excluded. For data for 1940, see p. 33.

Table 51.—INDEX OF RETAIL PRICES OF FOOD1
[Average 2 935-39 = 100]

Year and month

1913—Annual
1914—Annual
1915—Annual
1916—Annual
1917—Annual
1918—Annual

average..
average.
average..
average..
average..
average..

79
81
80
90
116
134

9
8
9
S
9
4

1919—Annual average
June
December

152 1
148
160 0

1920—Annual average.
June
_.
December....

168 =;
185 ()
140 4

1921—Annual a v e r a g e ._
May
1.
September
December

Year

Index

.

_ . . ! 128 0
____| 121 2
.
j 129 2
126 1

1922
192-5
1924
102-i
1926
1927
192S
1929
1930
19U
19*2
l(Hi
10? 1
19-55

i Janu-jFebru| ary \ ary

120 9
121 S
12S 2
1 11 1
\U 7
]>l 1
1 5(1 0
132 4

in o
92 2
79 2
S9 i

1<H7
FHS

April ! May i June July
!
i
!

119
12-S
126
139
132
12s
129
111
1OS
so

119
121
12d
1^
HO
129
12S
129
107

KM
97

id) i

12")
111.

no
j
I

>o

127
ISO

Kih
S9
7h
91
101

l

»7
01 i

9" s
94 S

191(1

121
1 19

122 1
120 5
127 7
140 3
1 M 9
1 Y2 0
129 7
129 9 '
104 6
so 7
79 1
92 4
101 3
9s 1
Wh 1
97 5
91 0
97 0

121 0
123 7 |
121 5 !
HI 9
r>7 »
137 5
129 7
131 I ,
128 1
102 1
8") 7
s2 2
9$ ()
100 "i
101 7
106 0
9s i
(
H ()
9S 3

127.2
121.7
136.8
133.8
130.7
129.2
134.9
123. 4
102. 2
86.5
89.9
93. 3
99.4
102. 6
106. 3
98. 5
94.3
97.4

September

Au-

125.4 |
121.2
136.7
132. 0
129.0
130. 5
136.9
122.4
102.5
84. 9
91.2
94.2
99.4
104.0
106. 9
97.5
93. 5
96.2

118. 1
126.6
123.1
134.4
134. 5
131.0
133.5
136. 7
124.5
102.1
84.4
91.1
97.8
100.5
104. 8
107. 9
98.1
98.4
97.2

October

November

December

127.3
125.3
142.6
137.4
132.7
132.0
135.2
120. 5
99.0
83.1
89.8
95. 4
101. 3
101. 9
104. 1
96.2
96.7

122.4
126.0
125.9
140.6
136.8
132. 5
130. 6
133. 8
116.5
96.5
82.0
88.1
94. 5
102.1
101. 6
102.7
97.2
94, 9

I
126.8
124.4
136.8
135.9
133.0
132. 5
136. 3
123. 8
101. 2
84.0
90.7
96.2
100.0
103. 0
106. 5
97. 1
97.6

Annual
average
120.3
124.0
122. 8
132.9
137.4
132.3
130. 8
132. 5
126. 0
103. 9
86.5
84.1
93.7
100. 4
101.3
105.3
97.8
95.2

i Compiled b y t h e Bureau of Labor Sf'T'W/r-?, I ^ Department ol L tbor
1 he indexes In gmniriL J urn ir\ 1035 have been computed on a revised basis, a n d related to an
average of the years 1935-39 as a base. [iMoxo prior to I m m r \ 19>" weio c o m e r r e d fiom The o i u n il indexes ior earlier pricing periods. T h e revised indexes from 1935 are
computed from prices of 54 foods in 51 citi ^
Pioli mi 1 irv results of the Bure m ^ --til lie*- of i imih expenditures showed t h a t certain of the 84 foods included in the previous
Index could be eliminated as their price ii 1 o\ ement •< were lepre^ent ed b \ the piu e m o \ <. \v< m of lei ited commodities. N e w weights for the 54 items were prepared from
results of t h e 1934-36 s t u d y of expenditure^ of w !<re eirnei 1 -.' aM lowei il inea \ v o r k r V f unilie^ b* J.I mpmg the amounts spent for foods considered to move similarly in
price. T h u s , the prices are weighted, nor onl\ b \ c\\x nditures icr * he s»ei liic fooiK b u t h\ expenditure for the entire subgroup of similar foods. T h e weights differ from
city to city. Average costs for t h e 51 cine combined weie computed fiom the Mini of the food t o ^ lor e uli citv weighted according to 1930 population of areas classified as
metropolitan and of cities over 50,000 popul ition not witnin ins m e n o p o h t in r e i . VIIMUII a\ ei )<:e^ m b i^ed on m o n t h l y d a t a for all years. Revised m o n t h l y indexes
have not been computed for years prior to 192? except a^ ^how n ibo\ e H M J^O for December oi tho \ e irs 191-1 to 1918. For a more complete description of the original indexes
for years prior to 1935, see footnote 4 to p u o 12 oi t'ie VH0 ^upplemeLf.

Table 52.—ELECTRIC RANGES—BILLED SALES
[Number of units]
Month
January
February
March
April

1931

July
\u°nst
September
November
December

3. 92'.i
«>. 501
11.731
13.801
11 541
H), IS2
7,316
4 590
7, 890
7 9(V>
3', 495
2,994

Total
M o n t h l y average

91,181
7, 598

May
Tune

_

_.

...

-

193?
1.612
0, 657
f>, 102
f>. 006
4 733
5, 837
4. 316
3 725
3. 550

1933

im
3.011

1935

1936

1937

1038

1939

1, 930

439
2, 401
2, 621
3, 400
5, 002
5, 460
4, 655
4 422
4, 890
6. 465
6. 502
5, 511

I))! 378
14,477
10 394
13, 620
11.637
11,333
11,932
8, 834
7. 500
7. 520

6, 006
11,013
17,770
23, 002
27. 199
20 077
16, 555
15, 396
14,447
17, 735
15, 831
14, 932

11,696
16, 062
31, 176
32, 502
34 225
32, 741
23, 981
20 604
25,142
24, 376
19, 896
25, 612

26.166
24, 537
47, 543
44, 087
39 761
43, 645
32. 304
20, 000
27, 180
22, 319
13, 581
12, 649

18. 500
22, 628
29, 636
26 421
24 443
22, 505
21,156
19, 264
17, 766
17, 756
14,011
13, 576

28, 074
27, 058
30,175
26,141
32 000
27, 256
19, 249
24, 610
26. 235
23, 611
19, 008
13, 429

49, 953
4, 163

ol, 828
4,319

122,817
10, 235

200, 623
16, 719

298, 013
24, 834

359, 772
29, 981

247, 662
20, 639

296, 846
24, 737

2 on

1940
36, 395
32. 998
39, 643
43, 308
42 9S3
33, 403
29, 626
29, 128
32,167

1
N e w series. D a t a are compiled b y the National Electrical Manufacturers* Association from reports furnished voluntarily b y its members. This series replaces the data
for dollar sales of electric ranges formerly shown. Data cover sales of household electric ranges of over iy± kilowatt capacity in the continental United States, Hawaii, and
Alaska. T h e n u m b e r of firms reporting has increased gradually from 7 in 1931 to 11 in 1934 and 1935 and to 18 and 19 from J u l y 1939 to date. N o estimates of the coverage
of t h e i n d u s t r y are available prior to 1935; in t h a t year the association estimates t h a t their coverage was about 60 percent. F o r the years 1936 to 1939,inclusive, the association
believes their coverage to have been between 90 and 94 percent.




19

SURVEY OF CURRENT BUSINESS

November 1940

Monthly Business Statistics
The data here are a continuation of the statistical series published in the 1940 Supplement to the SURVEY OP
That volume contains monthly data for the years 1936 to 1939, inclusive, 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. The 1940 Supplement may be secured from the Superintendent of
Documents, Government Printing Office, Washington, D. C , for 40 cents per copy.
A few series have been added or revised since the 1940 Supplement went to press. These are indicated by
an asterisk (*) for the new series and by a dagger (f) for the revised series. A brief footnote accompanying each
of these series provides a reference to the source where historical data and the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variations. Data subsequent to September will be found in the Weekly Supplement to the SURVEY.
CURRENT BUSINESS.

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
September
1940 Supplement to the Survey

1940

1939
September

DecemOctober November
ber

January

February

March

April

May

June

July

August

91.1
' 6,103

'90.5
'90.4
r 92 3
' 5, 787

BUSINESS INDEXES
INCOME PAYMENTS!
Index, adjusted;
Total income payments
...-.1929=100..
Salaries and wages
do
Total nonagricultural income
do
Total
mil. of dol_.
Salaries and wages:
Total
do....
Commodity-producing industries..do
Distributive industries...
do....
Service industries
.
do
Government
„
do
Work-relief wages
do
Direct and other relief
do
Social-security benefits and other labor income
".
mil. of dol..
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
.
mil. of dol..
Total nonagricultural income
do
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

9

v 6,446
4, 011
p 1, 541
r> 941
*>807
v 550
v 112

P

v 148
*>897

86.1
85.0
86.9
6,025

88.0
86.9
88.5
6,259

88.5
87.7
89.3
5,865

90.0
88.9
90.4
6,904

90.3
88. 2
90.2
6,093

89.7
87.5
89.6
5,604

88.4
87.0
89.3
5,987

88.2
86.2
88.7
5,965

88.6
87.3
89.8
5,689

3,738
1,398
898
827
504
111
87

3,911
1,472

3,879
1,449
915
850
537
128
88

3,908
1,420
945
862
547
134
89

3,767
1,349
902
847
535
134
95

3,742
1,339
882
845
536
140
95

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

' 3,871
1,419
915
860
'557
120

' 3,766
1,423
' 923
854
'452
'114
'87

' 3, 837
' 1,489
••917
859
'455
'117
'87

140

133
775

134
486

137
1,517

148
840

151
447

155
820

152
799

168
472

166
r 1, 050

167
'901

'164
'485

1,278
5,239

1, 253
6,321

1,243
5,533

1,169
5,108

1,134
5,519

1,138
5,479

1,124
5,211

1,115
' 5,821

1,182
' 5, 562

'1,214
' 5, 230

'0.0
76.5
66.0
86.5
91.0
87.0
73.5

79.0
79.0
74.0
84.0
91.5
82.0
70.5

9.0
79.0
72.5
85.0
95.0
84.5
65.5

60.5
84.0
81.0
86.5
94.0
82.0
80.0

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

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

541
124

p 1,302
v 5,804

1, 261
5,386

1, 352
5,541

P93.5

93.0
73.5
64.5
82.0
84.0
84.5
67.0

107.0
76.5
68.5
83.5
89.0
87.0
66.5

v 64. 5
v 83. 0
P85.0

I

66.0
80.0 |
73.5 '
85.5
84.5
90.5
70.5

88.7
'87.9
90.7

62.5
70.0
61.5
78.0
82.0
79.0
64.0

INDUSTRIAL PRODUCTION!
(Federal Reserve)

Unadjusted:
Combined index
1935-39=100-.
111
112
124
113
116
121
117
126
116
126
p 128
' 120
118
112
126
Manufactures
do
114
112
116
117
116
122
125
126
p 130
117
'120
119
139
Durable manufactures
do
121
125
128
121
111
131
136
134
v 142
127
127
Iron and steel.
do
121
159
113
106
123
144
125
159
161
161
151
147
153
101
111
Lumber and products*...
do
114
109
107
117
98
121
120
v 132
111
116
123
113
123
Furniture*
.
do.....
113
108
108
115
109
125
125
110
v 118
' 107
96
Lumber*
do
117
109
104
119
116
105
119
93
134
119
' 126
112
123
126
126
126
Machinery*
do..__
123
127
123
117
106
v 142
129
135
129
140
128
129
135
157
156
Nonferrous metals*
..do
151
129
v 153
147
129
139
129
83
101
114
129
126
115
Stone, clay, and glass products*..do
130
v 143
90
137
128
P 133
12ti
60
140
115
88
126
Cement
.
do
136
69
105
139
150
143
141
130
50
71
103
131
137
157
Common and face brick*
do
119 |
70
145
145
109
119
116
117
114
112
Glass containers*
do
107 |
104
124 !
126
117
106
111
91
127
110
96
Polished plate glass
do
129
149 I
142
118
93
60
79
138
130
142
118
139
136
152
Transportation equipment*
.do
74
103
117
94
129
f»0
251
203
286
218
267
251
239 |
175
A ircraf t*
do
194
339
'321
385
130
118
134
111
130
130 |
Automobiles
do
94
62
150 !
89
70
114
23
103
99
102
95
102 !
Locomotives*
do
98
102 I
92
98
124
P139
116
106
151
137
158
112
133 j
Railroad cars*
_do
141
132 !
99
75 |
124
129
p 135
' 118
145
162
172
138
144 j
162
146 |
Shipbuilding*
do
132 i
140
176
202
p 220
' 185
v 118
Nondurable manufactures.
do
119 '
108
120
109
109 i
112
105
105
' 114
118
115
110
Alcoholic beverages*
...do
98
94
84
109
105
107
103
86
108
80 I
120
89
112
Chemicals*
do
108
111
116
113
114
113
113
114
111
110
112
110
Leather and products
do
111
106
106
85
102
99
88
99 !
99
95
91
' 103
Shoes*.
do
116
107
107
85
109
104
89
97 !
97
91
96
'113
135
99
117
108
Manufactured food products* . . . d o
100 j
130
101
109
107
100
116
120
' 131
113
83
85
148
Dairy products*
___do
112
95
71
75
73
168
ltil
151
110
124
113
117
Meat packing
do
111
146
116
131
148
112
123
109
102
125
116
136
127
Paper and products*.
do
120 I
114
119
128
130
• 123
133
122
121
118
132
128
Paper and pulp*
do
122 !
131
123
114
120
131
128
114
115
122
115
116 i
Petroleum and coal products*
do
116
113
114
121
118
115
HI
116
125
133
122
138 |
Coke*.
do....
131
135
141
140
120
118
138
114
113
121
113
112 j
Petroleum refining
do
113
109
118
113
114
115
110
111
109
122
119
106 |
Printing and publishing*
do
119
103
' 114
119
120
111
102
124
117
128
117
122 |
115
10G
Rubber products*
.
do
114
129
118
' 109
116
' Revised.
v Preliminary.
tRevised series. For revised indexes of industrial production beginning 1919 (1923 for industrial groups and industries), including the new series, see table 31, pp. 12-17.
Digitized for
of FRASER
the August 1940 Survey. For revised data on income payments beginning 1929, see table 42, pp. 17 and 18 of the October 1940 Survey.
•New series. See note marked with a "f".
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

20

SUEVEY OF CURRENT BUSINESS
1939
Novem- DecemSepOctober
tember
ber
ber

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940
1940

January

February

March

April

May

June

July

August

BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTIONf-Con.
(Federal Reserve)

Unadjusted—Continued.
Manufactures—Continued.
Nondurable manufactures—Con.
Textiles and products
1935-39=100..
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....
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* d o . . .
Coke*
.do...
Petroleum refining
do
Printing and publishing*.
.do...
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....
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTORIES*
New orders, total
Jan. 1939=100.
"„ Durable goods
.
do...
Electrical machinery
do...
Iron and steel and their products
do...
Other machinery
do...
Other durable goods
do...
Nondurable goods
...do...
Shipments, total
do...
Durable goods
do...
Automobiles and equipment
do...
Electrical machinery
do...
Iron and steel and their products
do...
Transportation equipment (except automobiles)
.
Jan. 1939=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_...

v 118
120

116
117
146
88
110
117
121
114
115
118
112
160
°)
111
101

P141
P65

120
118

P122

v 115
v 100
P123
P 113
P164

v 138
112

123
121
145
99
122
115
129
121
118
137
115
177
)
109
116

131
128
152
101
130
112
123
120
99
135
116
141

126
125
150
84
118
94
111
114
93
117
116
93

(°)

116
128

' 118
134

126
128
140
167
121
118
122
125
159
128
131
142
115
124
128
239
121
95
136
144
118

120
124
148
72
107
98
115
120
128
132
114
89
144
114
133

115
123
141
65
102
98
112
116
86
121
117
89
142
116
135

101
114
132
66
77
97
110
114
86
104
121
87
144
115
134

97
110
127
60
73
105
111
113
89
101
121
65
150
119
131

109
127
55
85
112
118
113
90
103
119
149
141
122
123

122
122
135
147
115
117
115
127
154
123
125
119
116
122
137
256
129
102
156
149
113
98
113
101
101
111
109
124
123
123
M18
137
114
109
119
118
120
151
69
106
103
118
117
111
119
116
127
147
114
130

116
116
124
118
114
113
114
123
142
113
106
96
118
112
137
251
129
101
158
150
110
96
111
98
99
113
114
129
114
114
116
123
115
108
119
109
115
144
64
93
106
114
112
78
103
118
130
HO
116
133

112
112
118
106
111
112
110
123
132
120
117
106
124
105
131
263
120
101
149
156
106
98
109
93
94
112
112
128
110
110
118
118
117
106
116
99
108
139
64
77
103
117
114
84
109
120
134
141
117
127

111
110
113
99
110
111
109
123
124
115
115
108
116
96
115
267
103
103
125
156
107
103
111
85
85
111
112
117
116
117
115
119
114
108
115
100
107
138
61
79
111
119
116
83
120
118
135
144
118
127

115
114
119
118
112
115
110
124
126
113
115
109
112
91
116
281
101
102
121
164
110
100
114
87
86
112
110
117
127
128
114
123
113
115
117
103
109
142
58
87
110
118
115
82
122
116
135
143
124
123

113
113
114
128
108
109
107
108
128
116
114
126
110
110
99
181
92
100
83
136
111
96
106
103
104
111
110
118
121
119
112
116
112
111
122
114
117
127
86
113
107

121
121
129

124
124
133

161
113
114
112
115
144
123
120
119
121
124
105
194
96
97
105
138
115
106
111
105
105
109
108
113
131
128
120
133
118
118
128
119
119
130
91
125
111

114
113
120
114
112
121

119
117
112
123
116
128

161
121
121
121
123
153
120
121
125
112
112
102
216
91
98
122
142
117
98
111
108
112
110
110
116
134
132
120
140
117
117
126
128
124
146
89
132
110
120
118
97
119
120 I
131

107
104 ;

111
116

109
127

163.8
p 212. 8
P 230.5
P 198.1
p 211.4
P 224. 9
P 132. 2
P 144. 3
p 159. 2
P 105. 1
v 164.9
P 179.7

p lfifi. 1 |
P 19S. 3 |
P 121.0 i
v 248. 8 !
p 150.4 !
P 89. 0 •
P 145.4 I
v 129. 1 !
P 127. 3 ,
P67.2
P 127,1 :
v 149. 8 I

148. 4
203.3
148.8
232.6
140.7
231.7
113.2
132.3
141.6
103. 6
123. 5
161. 3

119.1
140.7
139. 6
152.2
125.4
135. 8
105.2
132.6
148.1
132. 7
133. 2
166. 5

110.0
114.0
114.6
115.2
117.3
109. 1
106. 7
128.1
146. 5
135. 5
128.7
165.3

104.4 |
106.2 i
122.9 |
89.5 !
118.4 !
116.0
103. 2
118.2
129.2
124.7
119.2
137.1

100. 5
103.2
129.3
81.1
118.8
114.9
98.7
118.9
128.7
122.1
129.6
133.3

105.5
112.3
128. 7
101.1
125.2
113.0
101.0
121.2
131.1
124.0
132.6
125.6

110.2
118.2
130.5
104.1
132.9
123.4
105.0
119.7
132.9
127.4
142.1
120.8

121.3
141.0
140.9
144.6
141.4
134.9
108.6
122.9
136.3
117.7
147.3
132.7

P231.4
P 165. 9
p 173. 0
p 131.2
P 137. 5
p 126. 0
p 137.6
P 109.1
P 149. 3
P 133. 9
P 147.1

p 150. 2
v 124.8

178. 1
134.8
160. 2
124.6
142.6
113.9
132.0
114.9
150.0

179.0
141.4
146.9
119.4
127.7
111.0
127.5
113.9
125.7

186.7
143.3
138.8
112.1
108.9
106.0
119.1
114.9
113.2

184.8
122.6
126.1
108.9
112.0
103.3
118.8
112.2
122.4

187.6
131.9
122.3
110.4
108.0
105.8
119.1
101.0
115.8

227.6
142.1
128.4
112.4
110.6
110.6
118.8
108.2
123.0

235.2
150.7
129.1
107.9
114.5
106.6
124.4
105.5
129.6

197.1
154.8
137.6
110.8
120.5
111.1
137.1
107.8
134.9

' 112. 7

' 105. 2

» 125
v 126
r> 144

121
v 145
v 153

123
118
P135

109
z>142
v 148
P227

v 111
103
97
v 108

142
119
v 116
P120
*123
65
123
108
P 115
P 114
P 104
P118

v 113
P 120
P 134
108
133

P

95
112
105
108
112
115
126
135
134
119
139
116
119
123
126
128
152
78
115
109
114
113
88
106
118
124

(a)

P13L2 !
128. 6 ;
p 133.4
P 125. 8
P 113.1
p 157. 9
5
127. 5
P141.9 i
P

' 126. 4

112 I
130 i

r

114.9 i '108.7 ! r 130.2

' 132. 7

101
107
131
51
88
124
118
111
104
100
116
161
'140
116
118

104
104
134
51
98
112
121
111
101
107 I
114 !
179 I
133 j
112
' 120 |

112
114
140
57
109
110
117
' 109
83
112
111
164
135
114
117

121
121
131
154
111
113
110
128
129
111
113
118
111
80
120
315
106
102
111
170

121 !
121 !
132 I
156
••107

121
' 122
134
158
114
P115
113
' 138
144
' 119
115

' 115
103
' 133
' 136
114
110

114
114
104
385
76
123
126
' 120 !
213
' 189 j
'112
112 I
91
108
lie
117
'97
93 I
'100
99
'114
110
p 113
112
119
116
123
129
130
US
112
139
139
109
108
' 109
113
110
106
114
111
124
116
130
13S
61
57
106
' 100
106
103
'114
120
112
117
'112
129
122
121
114
' 108
139
'125
150
v 144
120
117
12.8
12S
117
100
109
339 I
87
113 I

114
113
116
96
100 j
115
111
126
'132
132
115
132
112
120
115
106
112
144
56
89
115
118
116
113
116
116
134
143
117
120

129. £
127 2
162. 8
loS! 5
207. C
190.2
139.8
151.2
153.0 | 166. 5

132.9
156.9
168.0
161.3
158.7
143.5
117.6
125.9
139.6
107.4
153.0
152.0
180.0
156.9
137.2 !
113.8 !
120.6
114.3
142.1
111.8
159.2
91.7
r 102. 7

161.5 !
107. 1 !
117.2
128.6
75.0
136. 9
146.3

179.0
10S. 1
123. 5
128.9
'41.3
143. S
162. 7

211.4
149. 3
147.0
118.6
115.8
no.o !
107.9 I 113. 3
129. 2
134.6 ;
102. 9
102. 5 ;
121.7
129. 6
93.4 I
112.7
' 107. 4 I 147.1
r

187.6
147. 1
131.8 !
105.6 |

' Revised.
° D a t a not available.
p Preliminary.
tRevised series. See note marked with a " t " on p . 19.
*New series. For industrial production series, see note marked with " t " on p . 19. Indexes of manufacturers' orders and shipments beginning J a n u a r y 1639, are available

in tables 4 and 5, p . 13 of the September 1940 Survey, except as follows: Other nondurable goods shipments (revised to exclude textile-mill products), 1939—Feb. 119.5;.
Mar., 133.5; Apr., 114.3; M a y , 105.5; June, 100.0; July, 108.7; Aug., 141.9; Textile-mill products shipments, 1939—June, 95.6; July, 92.8; Aug., 103.9; earlier data not available.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

21

SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
Septo the sources of the data, may be found in the September
tember
1940 Supplement to the Survey

1939

1940

Novem- DecemOctober
ber
ber

February

January

March

April

May

June

July

August

BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPM E N T S , A N D INVENTORIES*—Con.
Inventories, t o t a l .
. D e c . 31, 1938=100.
Durable goods
do. _ .
Automobiles and equipment
do...
Electrical machinery
_ _ _ _ do. _ _
Iron and steel and their products
do-_.
Transportation equipment (except automobiles)
D e c . 31, 1938=100..
Other machinery
do-bo t h e r durable goods.—
.do._.
Mondurable goods,.
_do.__
Chemicals and allied p r o d u c t s .
do...
Food and kindred products
do..Paper and allied products..___
_do.._
Petroleum refining
do...
R u b b e r products
dO-_.
Textik'-mill products
_.
do...
Other nondurable goods
do...-

104.6
107.2
116.6
95.4
111.0

|
!
|
!
I

131.5
102.2
102.0
101.8
96.6
104. 8
98.1
92.7
102.2
r 100. 0

107.3
110.3
117.3
103.9
111.9

109.3
112.1
118.4
108.3
112.0

145.1
106.1
106.2
104.1
102.8
106.0
102.2
92.6
111.8

153.1
109.5
108.1
106.2
106.0
103.9
105.7
91.6
113.8

I
I
!

110 0
112 7
115 6
111. 7
Ill 8

109.8
112 5
112 1
114 5
111. 1

108.9
111 4
108
114 9 I
110 8

108.6
111.2
98.9
116.5
113.6

i
!
|
!
I
j
!
!
i

167. 0
111.9
107.8
107.0
109.8
102.5
107.1
93.8
118.1

165.6
112.4
108.7
106.8
111.1
100.5
108.0
94.5
119. 6

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

)

* 102. 4 • 108. <

•• 108.8 ! r 107.3 I r 10G. 0 !

r

108.2
111.1
89.5
115.6
116.3

174.4
110.0
106.7
105.2
111.3
97.1
104.0
96.3
116.7
118.5
105.3 «• 104. 6

108.9
111.2
80. 8
115.0
119.1

r

110.4
114.5
' 104. 9
r
115.5
120.1
r

185.2
110.8
105.7
106. 4
111.7
100. 0
104. 5
98. 3
120. 5
118. 5
»• 104.1

' 194.7
r
110.7
r
104. 5
r

r
r

106. 0

112.4
101.7
107.1
98. 3
124.0
114.9
100.8

COMMODITY PRICES
COST O F LIVING
(National Industrial Conference Board)
Combined index..
Clothing
Food
Fuel and light
Housing
Sundries

_

..__...
_
.

1923=100.
do___
___do.__
_.do
„
do...
.do...

86.4
73.1
80.7
85.3
87.0
97.9

85.9
72.2
80.7
84.4
86.5
97.0

85.8
72.6
80.1
85.2
86.6
96.8

85.7
72.9
79.6
85.6
86.7
96.8

85.3
72.9
78.5
85.6
86.6
96.8

85.4
73.0
78.8
85.8
86.6
96.9

85.8
73.2
79.8
86.0
86.6
96.9

85.5
73.2
78.8
85.8

85.9
73.2
79.9
85.4
86.7
97.0

86.0
73.1
80.6
84.1
86.7
97.0

86.4
73.1
81.7
84.2
86.8
97.0

86.3
73.1
80.9
84. 5
86. 8
97.4

80 0
73.0
79.9
84.8
80.9
97.4

97
104
76
111
73
77
114
118
95

102
76
107
73
83
117
117

97
108
74
112
73
77
112
128
94

97
117
75
117
66
79
107
123
98

97
82
118
65
87
101
96
104

99
91
85
119
66
90
103
117
113

101
98
85
118
76
91
101
168
107

97
83
85
114
73
92
102
128
101

98
82
85
110
81
96
104
145
100

84
83
106
88
92
108
133
101

95
81
81
104
104
83
102
134
100

95
88
80
105
89
78
110
98
98

96
90
77
109
79
76
110
112
107

97.0

78.6
83.4
98.3

92.8

92.9

92.9

92.9

91.8
94.6
86.0

97.0
89.1
92.0
94.5
86.0

90.9
89.1
92. 1
94. 0
80. 0

97.0
89. 1
92. 2
94. 6
80.0

PRICES RECEIVED BY FARMERS§
(17. 8. Department of Agriculture)

Combined index
Chickens and eggs
Cotton and cottonseed
Dairy products....
,
Fruits
Grains
Meat animals
.
Truck crops
Miscellaneous.....

1909-14=100..
do
... do~~
..__.___
do
.
„
do
„ _____do
_
do
do....do

RETAIL PRICES
U. S. Department of Labor indexes:
Coal:
Anthracite.
1923-25=100..
Bituminous
....do....
Foodf
1935-39=100..
Fairchild's index:
Combined index
Dec. 31,1930=100..
Apparel:
Infants'
.
do
Men's
_-.
do
Women's
..do
Home furnishings.
.do
Piece goods
do....
WHOLESALE P R I C E S
U. S. Department of Labor indexes:
Combined index (813 quotations®).1926= 100..
Economic classes:
Finished products
.
do
Raw materials
do
Semimanufactures
do....
Farm products
...do
Grai ns
d o . . _.
Livestock and poultry
do
Commodities other than farm products*
1926=100..
Foods
do
Dairy products
do
Fruits and vegetables
do
Meats
do
Commodities other than farm products and
foods
.
. . . 1926=100..
Building materials
do
Brick and tile
do
CementJ
do
Lumber
do
Chemicals and allied products!
do
C hemicalsf
do
Drugs and pharmaceuticalsf
do
Fertilizer materials!
do
Fuel and lighting materials
do
Electricity
do
Gas
.
do
Petroleum products
do
Hides and leather products
do
Hides and skins.
do
Leather
.
.
do....
Shoes
do
House-furnishing goods
do
Furnishings
.
do
Furniture
do

97.2

75.7
86.9
98.4

97.6

96.7

77.1
89.2
94.9

94. 8

96.6

81.0
1.0
95.6

93.2

90.2

91.2

91.9

92.0

92 3

92.6

92.8

92.8

97.3
89.1
91.8
95. 0
86. 7

96.1
88.6
89.5
91.7
84.3

96.3
88.7
90.4
92.7
84.7

96.4
88.7
93.5
85.0

96.4
88.7
91.0
93.5
85.3

96.6
88. 8
91.4
93.7
85.5

96.6
88.8
91.8
94.1
85.9

96.9
88.9
91.9
94.4
86.0

96.9
88.9
91.7
94.3
86.0

78.0

79.1

79.4

79.2

79.2

79.4

78.7

78.4

78.6

78.4

77.5

77. 7

77.4

81.5
70. 5
77. 6
66. 2
61.7
72.4

81.9
72.6
81.8
68.7
65.1
76.3

82.3
72.3
83.1
67.1
61.6
70.5

82.0
72.4
82.1
67.3
64.1
66.1

81.7
73.3
82.0
67.6
71.6
63.8

81.7
73.8
81.7
69.1
73.5
67.2

81.4
72.7
79.9
68.7
72.8
65.6

81.1
72.0
79.7
67.9
73.4
67.1

81.2
73.0
78.2
69.4
77.2
68.4

81.3
72.0
78.3
67.9
71.2
69.6

80.5
70.7
77.9
66.2
64.4
64.7

80. 9
70.7
77.8
00. 5
00. 8
09. 8

81.0
09.8
77.0
05. 6
59. 3
71.5

80.4
71. 5
75.1
60.8
79.0

81.3
75.1
74. 5
62.8
81.0

82.0
73.3
78.9
60.2
74.9

81.6
72.3
80.1
61.2
71.2

81.6
71.9
81.3
63.0
69.1

81.5
71.7
81.9
60.3
69.9

71.1
80.0
58.7
68.4

80,5
70.2
78.6
58.7
69.2

80.5
71.6
77.4
65.7
71.1

80.5
71.4
72.8
69.2
73.8

79.8
70.3
72.2
73.9
70.7

80.0
70. 3
73. 7
69. 0
72.9

82.3
94.6
90 2
90. 6
104. 6
76.8
84.8
90. 0
68.1
71.0

82.1
90.9
91.0
91.3
93.7
76.6
84. 5
78.4
67.2
72.8
77.5

48.9
98.3
84. 0
88.9
107.0
88.5
94. 8
81.8

53! 3
98.5
97.4
92.0
101.8
86.6
91.7
81.3

92.8
91.5
91.3
98.0
77.6
85.2
79.7
68.6
73.9
75.4
84.4
54.0
104.6
112.4
97.8
105.7
87.8
93.7
81.7

84.0
93.0
91.6
91.3
98.3
77.4
85.2
79.7
69.8
74.1
76.5
82.2
53.9
104.0
104.3
97.8
107.2
88.4
94.2
82.3

83.9
93.0
91.6
91.3
97.8
77.7
85.3
80.3
70.9
72.8
77.7
80.4
52.5
103. 7
105. 2
95. 2
107.5
88.5
94.4
82.4

83.9
93.4
91.6
91.4
97.6
77.7
85.3
81.3
71.3
72.7
77.6
78.6
51.7
103.6
102.6
96.0
107.8
87.9
94.0
81.4

83.2
93.2
91.2
91.4
97.6
77.5
85.3
81.3
71.0
72.4
78.2
81.6
50.9
102.4
97.0
94.2
108.2
88.0
94.2
81.5

82.9
93.3
90.4
91.2
97.8
77.0
85.1
81.4
70.6
72.2
77.1
80.4
50.4
101.8
94.3
93.5
108.4
88.0
94.2
81.5

82.5
92.5
90.2
90.3
96.1
76.8
85.0
81.8
70.7
71.8
76.0
82.0
50.4
101.8
94.8
93.2
108.2
88.4
94.5
81.9

82.5
92.5
90.2
90.5
96.6
76.7
85.1
82.0
70.8
71.7
73.9
84.4
50.7
101.3
92.2
93.6
107.9
88.5
94.8
81.9

82.2
92.4
90.2
90.6
96.0
76.1
85.1
82.2
67.4
71.4
74.2
87.4
50.0
99.2
81.9
92.4
107.9
88.5
94.9
81.7

82.3
92.7
90. 1
90.6
90. 7
77.0
84. 9
95. 9
07. 3
71. I
73. 3
88. 2
49.5
99. 0
84. 0
91.4
107.0
88.5
94. 8
81.8

79.9
70.1
74.3
03. 2
70.1
82.0
93. 5
90.1
90.6
100. 3
76.7
84. 8
96. 2
08.0
'71.1

90.2

j

""84." 5
49.2
90. 9
77.1
88.3
107. 0
88.5
94. 8
81. 8

' Revised.
v Preliminary.
® N u m b e r of quotations increased to 863 in recent m o n t h s .
§ D a t a for October 15, 1940: Total 99; chickens a n d eggs 112; cotton a n d cottonseed 78; dairy products 116; fruits 79; grains 80; meat animals 112; truck crops 99; miscellaneous 100.
t F o r m o n t h l y data beginning 1933, corresponding to the annual figures shown on p . 13 of the 1940 Supplement, see table 23, p . 18, of the April 1940 Survey.
51, p . 18 of this issue. D a t a for chemicals and allied products (title changed from chemittRevised series. For revised indexes
ndexes of retail food prices beginning 1913, see table 51,
i d b
i i
1926
b l 32
h A
1940 SS U R V F Y .
cals a n d drugs) and the subgrou
subgroups revised
beginning
1926; sec ttable
32, p . 18
18, off tthe
Auguits t 1940
*New series. Indexes of prices of commodities other t h a n farm products beginning
ig 191
1913 appear in table 30, p . 18 of the September 1940 Survey. Indexes of manufacturers'
inventories
i l b l iin ttable
bl 3
t b
1940 Survey,
S
3S beginning J aanuuaarryy 1939 are available
3, p . 13
13 off th
the S
September
except as follows: Other nondurable goods inventories (revised to exclude texproducts),
)
, 1939—Jan.,, 103.6;; Feb.,
b . , 101.4; Mar. 100.3; Apr., 98.9; M a y 97.4; J u n e , 99.3; July, 90.6; Aug., 90.2: Textile-mill products inventories, 1939—June, 101.1; July
fortile-mill
FRASER
100.1; Aug., 97.4; earlier data not available.

Digitized


22

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1 9 4 0
gether with explanatory notes and references
to the sources of the data, may be found in the Sep1940 Supplement to the Survey
torn her

November 1940

1939

1940

Nqvem- December
ber

September

January

February

March

April

May

June

July

j August

COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
U. S. Department of Labor indexes—Con.
Commodities other than farm products and
foods—Continued.
Metals and metal products.—.1926= 100..
Iron and steel
__..___do
Metals, nonferrous
do
Plumbing and heating equipment
1926=100..
Textile products
do
Clothing
......do
Cotton goods
do
Hosiery and underwear
...do
Rayon*
__....do
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.)

95. 4
94.9
80.7

94.8 |
95.5 |
84.7 |

95.8
96.0
85.3

96.0
96.0
85.1

96.0
96.1
84.6

95.8
96.3
82.6

95.3
96.3
79.2

95.5
96.4
79.7

94.5
94.3
79.2

94.5
94.2
80.3

94.7
94.3
81.2

95. 1
94.(3
SO. S

94.9
94.8
79.1

80.5
72.5
85.6
69. 2
61.4
29.5
42.8
84.2
76.5
58.8
93.2

79.3
71.7 |
81.7 i
70.4
62.8 I
29.0 !
49.7
84.0
76.6
60.5
81.8

79.3
75.5
83.2
74.3
63.5
29.5
54.3
91.3
77.6
60.5
86.3

79.3
76.4
83.8
74.8
64.8
29. 5
56.5
90.5
77.0
55.6
88.0

79.3
78.0
84.2
75.2
66.0
29.5
66.0
90.3
77.4
55.6
89.0

79.3
77.9
84.5
75.4
68.4
29.5
61.8
90.4
77.7
55.6
89.8

79.1
75.4
84.9
73.6
64.5
29.5
51.6
87.2
77.3
55.6
89.5

81.0
74.0
85.1
71.8
62.2
29.5
49.9
84.5
76.9
55.6
89.0

80.9
72.9
84.7
70.2
61.7
29.5
45. 4
83.8
77.7
58.0
89.5

80.6
72.9
85.0
69.4
61.3
29.5
47.0
83.4
77.7
58.0
90.7

80.5
72.6
85.3
68.4
61.6
29.5
46.1
83.7
77.3
58.2
91.7

80. 5
12. 4
So. 3
68.8
61. r>
29.5
43.3
S3. 9

80. 5
72,3
85.6
68. 6
61.5

126.8
127.6
151.5
118.5

127.2
128.4
151.5
118.6

127.2
130.0
153.1
119.2

126.8
129.7
148.6
119.0

128.0
128.0
145.6
118.5

128. 5
129.7
151.5
118.9

128.1
127.9
149.9
118.3

128. 5
126. 9
149.9
118.2

129.9
« 125. 2
154.8
117.6

93. 5

58.8
93.5

129. 6
» 126. 3
154' 8 j

130.1
127.9
153! 1

PURCHASING POWER OF THE
DOLLAR
Wholesale prices..
Retail food prices
Prices received by farmers..
Cost of living.....

..1923-25=100..
...do
do
do

1

129.1
126. 6
151.5
117. 6

127.3
126.6
149.9
118.3

1

118.2

CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
Value of contracts awarded ( F . R. indexes):
P92
Total, unadjusted
1923-25=100..
Residential, unadjusted
.
do
Total, adjusted
do
Residential, adjusted
do
*>85
F. W. Dodge Corporation (37 States):
Total projects
number.. 31,671
Total valuation
thous. of doL. 347, 651
Public ownership
-do
143,996
Private ownership
do
203, 655
Nonresidential buildings:
Projects
number.
5,135
Floor area
thous. of sq. ft.. 23, 431
Valuation
thous. of doL 101, 295
Residential buildings, all types:
Projects.
number.. 24, 758
Floor area
..thous. of sq. ft.. 41, 630
Valuation.
thous. of dol. 152, 372
Public works:
1,339
Projects
number..
Valuation
thous. of dol.. 59,898
Utilities:
439
Projects.
_
...number..
Valuation
thous. of doL. 34,086
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..
86.2
Indicated expenditures for:
Total building construction.
do
62.0
New residential buildings
do
60.3
New nonresidential buildings
do
29.3
Additions, alterations,and repairs-_.do
60.5
Estimated number of new dwelling units provided in all urban areas (U. S. Dept of Labor):
Total
number..
1-family dwellings.
do
2-family dwellings
do
Multifamily dwellings
do
Engineering construction:
Contract awards (E. N . R.)§...thous. of dol.. 368,252

72
74
54
63
73 1
93
73
••94
61 i
r
66
59
50
60
73 |
75
76
81
78
44 !
68
76
62
64
64
83
63
75
I
74
'90
85
73
62
64
68
53 '
61
66
69
'82
67
60
68
22, 984 22, 402 22, 323 18,831
13,517
29, 201 26,679
15, 595 23, 920 26,101
28,466 ; 31,512
323,227 261,796 299,847 354,098 196,191 200,574 272,178 300, 504 328, 914 324, 726 398,673 i 414,941
144, 216 91, 604 143, 647 225,095 92, 532 81, 666 94, 971 103, 450 111,578 147,316 204,568 !195, 293
179,011 170,192 156,200 129,003 103,659 118,908 177,207 197,054 217,336 177,410 194,105 |219, 648
3,749
r 15, 494
72, 684

3,242
15, 420
77, 769

2,711
11,675
57, 757

2,453
9,109
52, 532

2,852
12, 356
70. 565

17, 5S9 17,136
•"32,977 '29,371
129,680 118, 303

17, 756
31, 008
116,588

14, 899
22, 585
88, 681

10,132
19,082
77, 400

11, S07 19, 053 20, 594 22,939
36,312
19,107 31, 078 33,459
74, 858 121, 708 135, 420 145,912

975
891
81, 584 180, 683

730
47,861

762
42,929

1,008
58,905

1,512
62, 881

1,733
81, 261

1,789
74,433

1,6*6 ! 1,685
85,681 ;119,358

350
23, 906

330
26,977

202
18, 398

174
12, 222

214
17,830

180
13, 382

183
11, 577

228
23, 024

351
263 ;
33,608 ! 23, 406

58.5

68.0

66.3

41.7

54.6

68.2

82.7

79.6

63.0

44.2
43.6
30.7
58.4

43.3
47.1
27.2
47.4

39.4
45.1
22.9
39.7

29.9
29.4
20.5
41.2

36.1
37.1
23.1
48.1

43.6
47.1
26.4
52.4

52.1
57.4
29.5
64.4

52.8
58. 5
30.4
62.1

46.6
45.2
30.9
69.1

27,159
21,362
1,591
4,206

30, 890
21, 623
1,247
8,020

29, 696
20, 052
2,111
7,533

18,552
11,406
1,094
6,052

r
24,182
r

209, 337 245, 062 302, 215

190,327

191,977

4,951
3, 260
1,691

2, 597
1,730
867

3,650
16,490
82,466

1,389
71, 418

1, 223
50, 359
294
20, 450

356
39, 663

57.9
i

45.4 I
37'. 0 I
58.4 1
26, 852
18,808
1,616
6,428

15, 995
1,721
6,466

3,645
14,444
73,735

30, 472
22, 729
2, 215
5,528

3,815
16, 610
88, 821

4,346
16,971
90,164

4,078
18,028
91,995

4,130 i 5,199
23,413 ! 23, 654
138,954 i 119,189

20, 584 22,387 I 24, 277
33,537
36,227 I 38, 987
135,274 140,430 |152,988

80.4

79.5
r

56! 4
39 5
65. 8

55. 5
55. 5
'40.8
60.4

37, 328 r 36, 271 28, 706
27, 420 •• 27. 421 ' 23. 417
r
2. 574 ' 2, 967 ' 1,991
' 7, 334 r 5, 883
3,298

270,928 | 179,836 211,816

282, 296 252, 763

352,852 ; 397,253

HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
4, 465
2, 655
3,718
Total
thous. sq. y d . . 4,744
3,170
3, 058
Roads
.
.
do....
2,491
1,067
1, 574
1,407
1,228
Streets and alleys
do
1, 588
Status of highway and grade crossing projects
administered by the Public Roads Administration, Federal Works Agency:
Highways:
Approved for construction:
3,100
Mileage
no. of miles. .
3,578
2,723 ! 2,824
35,315
Federal funds
thous. of doL. 37, 242 30,821 I 30,750
Under construction:
8,386 ! 7,473
6,746
Mileage
.
no. of miles..
9,390
Federal funds
thous. of del.. 131, 614 119,472 ! 110,543 101,855
Estimated cost
d o L . . 264, 589 237,214 ! 222,062 205,183

3,122
2,486
2, 297 1,827
825
659

4, 058
3,170

7,537 |
5.496 i
2,041 !

6,288
4, 575
1, 713

3. 406
1, 821

4,633 i 4,645 | 4,731
4,034 1 3,902
43, 925 41, 210
46,922
50,515 | 50,724
7,306
8,388 I 8,915
9.612 i 9,439
5,984 i 5, 837
6,347
5, 966
91,429 ! 90, 220 92, 8G4 98, 452 106,063 115,864 ! 121,248 126, 761 ! 128,
737
184,441 180, 686 185, 954 196,974 211,630 I 230,819 | 242,425 253, 523 , 257,567
3,528
40,132

3,880 | 4,264
45,616 ! 46,677

4, 782
47, 619

' Revised.
v Preliminary.
° Obtained by applying to the index for the preceding month the percentage change in the purchasing power of the retail food dollar computed on a 1935-39 base.
§Data for November 1939 and February, May, and August 1940 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 Surve
vey.




6, 416
4. 049
2, 368

23

SURVEY OF CURRENT BUSINESS

November 1940
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

CONSTRUCTION AND REAL. ESTATE—Continued
HIGHWAY CONSTRUCTION—Con.

j

Status of highway and grade crossing pro], ad- !
ministered by the Pub. Eds. Adm.—Con. ;
Grade crossings:
j
Approved for construction:
i
Federal funds
thous. of dol ] 9,
Estimated cost
___.__do
| 30,
Under construction:
j
Federal funds
do___. i 35,
Estimated cost
do
j 47,
CONSTRUCTION COST INDEXES

9,888
10,581

10,283
10, 909

37,919
39, 756

35,435
37,190

11,428
10.180
11,986
11,000
35,112 | 30,528
36,577 | 32,258

12, 617
13,193

12,1S3
12,908

9,810 10,
10,420 11,

10,119
11,094

9,652 i 9. 490
10.596 I 10,198

30,410 i 31,167
32 077 i 32, 775

31,787
33,272

34,525
35,819

37,013
38, 239

37,682
39,010

38,323
39,674

203
191
221
184
211

202
189
221
183
210

203
190
221
183
210

202
191
220
184
208

••208

202
192
220
184
209

202
192
220
184
209

187

187

187

187

188

188

189

96.5
132.1
114.5
118.8

96.6
132.3
114.9
118.8

132. 6
115.1
119.0

12,417
1I\ 075

I

Aberthaw (industrial building)...
1914=100 __
American Appraisal Co.:f
Average, 30 cities....
__
.1913 = 100..
Atlanta
.
do
New York
..
_.
do
San Francisco
______
-do....
St. Louis
.__..._
...--__.-.do....
Associated General Contractors (all types)
1913=100.. |
E. II. Boeckh and Associates, Inc.:§
]
Apartments, hotels, and office buildings:
j
Brick and concrete:
I
Atlanta
U. S. av.f 1926-29=100..|
New Y o r k . . . . . .
.__
do....!
San Francisco.
.
....do....j
St. Louis
do._._|
Commercial and factory buildings:
i
Brick and concrete:
i
Atlanta
._
.do....!
New York. _____________
do
San Francisco..-. . . . .....do
St. Louis
do__-_
Brick and steel:
Atlanta
.
do
New York
...
..do
San Francisco
.__.__do____
St. Louis
...
.
__do
Residences:
Brick:
Atlanta
. . .
___.
do
New York.__________
.._>__
do
San Francisco...
_.„__.____do____
St. Louis.
__.___—.._
do.___
Frame:
Atlanta--...-........
.....
do
New York
...
_,
_do.___
San Francisco.....-__
_.._
do.___
St. Louis
.
do
Engineering News Record (all types) §
1913=100..
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index
_._. 1936=100..
Materials....
_._do..._
Labor
..........do

194

191

206

201
188
220
184
207

190
23 2

193 i

191
203
190
22]
186
210

188

203
190
221
186
210

203
191
221
185
210

203
192
221
184
211

188

188

188

|
!
|
|

202 !
191 I
220 i
184

|
j
!
j

97.3
132. 8
115,3
119.4

94.8
130.8
117.8
118.6

94.9
130.9
117.9
118.7

95.3
131.4
118.2
119.0

96.0
131.1
118.0
118.9

96.0
131.1 |
118.0
118.9

96.0
131.0
118.0
118.8

96.5
131.3
118.0
119.0

96.6
131.9
117.1
118.9

96.7
131.9
117.2
118.9

98.7
135.8
118.4
120.6

97.2
133.7
122.0
119.7

97.2
133.7
122.5
119.8

97.5
134.0
122.8
120.0

98.2
133.7
122.7
119.9

98.2
133.7
122.7
119.9

98.1
133.7
122. 7
119.9

98.1
134.0
122.7
120.0

98.2
134.6
121.9
119.9

98.3
134.6
121.9
120.4

135.5
117.8
120.3

98. 2
135.5
118.2
120. 3

98.4
135. 7
118.3
120.4

97.8
131.9
114. 6
119. 7

93.2
130.5
117.5
118.5

93.3
130.6
118.0
118.7

93.8
131.0
118.4
118.9

96.8
130.4
118.1
118. 7

96.9
130.4
118.1
118.7

96.8
130.3
118.1
118.6

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

92.3
127.2
107.0
113.3

86.0
123.9
105.4
110.3

86.8
124.3
106.1
110.9

88.1
125.5
107.0
111.1

88.3
125.1
105. 8
110. 4

88.4
125.1
105.8
110.5

88.1
124.4
105.8
109.8

88.5
124.8
105.8
110.9

89.4
125.9
105.8
110.4

89.5
125.9
106.2
110.8

125.4
104.3
110.1

88.5
124. 4
104.4
110. 1

89.6
126. 1
105. 8
111.2

90,6
125.9
102. 2
111.0

82.8
122.8
99.8
107.2

83.7
123.3
100. 5
107.9

85.3
124.8
101.6
108.1

85.5
124.5
100. 2
107.2

85.7
124. 5
100.2
107. 4

85.3
123.6
100.2
106.5

85.7
123.9
100. 2
107.9

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. &
108.3

245. 0

236.9

238. 2

238. 2

238.3

238.3

238.3

238.3

238.9

241.6

242.2

242.2 S

244.1

107.0
105.0
111.0

105.7
102.9
111.2

106. 1
103. 6
111. 1

106. 5
104 4
110 8

106.6
104.5
110.6

106.4
104.4
110.2

106.5
104.5
110.3

106.4
r 104. 5
110.3

106.2
104.3
110.0

106.2
104.4
109.9

106.2
104.4
109.7

106.2
106.0 |
104.3 I 104.4
109.5 j ' 109. 7

i
98.2 j

REAL ESTATE
Federal Housing Administration, home mortgage insurance:
Gross mortgages accepted for insurance
88,074 | 89,379
thous. of dol. I 84,689 62, 008 74,216
63, 602 76, 874 79, 930 84, 357
48,831 i 44,980
65,013
53,200
Premium-paying mortgages (cumulative)
thous. of dol. _ 2,479,964 1,776,784 1,837,923 1,905,071 1,969,862 2,034,920 2,086,518 2,132,701 2,180,413 2,233,991 2,288,348 2,348,663 j 2,411,632
Estimated new mortgage loans by all savings
and loan associations:
Total loans
thous. of dol.. 111,775
89.732
93,297
66,944 i 71,522
90,368 108, 001 114, 542 106,984 114,301 117,022
86,076
83,112
Classified according to purpose:
Mortgage loans on homes:
Construction
do
33, 764 36, 956 35, 523 39,907 i 42, 488
26,711
20,152
39, 417 27,854 | 29, 255 26, 607 26, 923 19,488
Home purchase.
do
37, 821 42, 049 38,402
25, 389 32,168
40,658
40,567
40, 947 31, 367 33, 383 30, 434 27, 779 22,039
Refinancing
_____do____ 15,483
16, 769 20, 859 18, 034 17,147
17,649 1 17,762
13, 999 14,590
15, 835 15, 445 15.001
16,021
Repairs and reconditioning..
do
6,097
4,
657
3,455
3,437
4,
335
6,115
!
6, 079
5,784
4,720
5,544
6,896
5, 691
6,283
9,460
Loans for all other purposes
do._._
10,063
7,963
7,954
9,972
10,726
9,074
8,870
10, 607 10, 221
8,946
9,040
9, 645
Classified according to type of association:
48,676
50, 305
Federal
.thous. of dol__ 46, 480 37,090
29, 786 38,241
46, 577 49, 287 47,435
34,785 | 34,053
37,854
28,008
State members
_._._.
do
36, 484 43,015
45,803
42, 214 45.414 i 40, 807
25, 737 28,941
45, 988 36,989
37, 847 34,671 ! 33,209
Nonmembers
.
do
13,199
12, 795 15, 643 18,409
20,211
20. 530
16,620 ! 15,850
19, 307 15,653
17,596
19,452
17,335
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Associations, estimated total mortgages outstanding
thous. of dol_.! 1,487,974 1,206,887 |l f 231 f 685 1,252,559)1,271,161 11,280,200 1,296,464 11,317,975 1,348,072 1,376,700 11,405,100 [1,432,100 11,401,807
Federal Home Loan Banks, outstanding advances to member institutions
!
thous. of dol..
163, 687 168, 654 168,822 I 181,313 I 156,788 144,515 137, 642 133,811 137, 509 157,397 ! 102,222 I 108,402
Home Owners' Loan Corporation, balance of | 176,047
loans outstanding
thous. of doL.
2,054,865 2,049,421 2,043,288 '2,038,186 J2,031,341 2,026,614 2,021,951 2,020,572 2,017,395 J2,012,760 ;2,004,737 11,990,443
Foreclosures:
j 1,987,011
111
Nonfarm real estate
1926=100-. | 111
126
116
113
108
103
136 !
114
112
131
126 |
147
Metropolitan communities..
do
105
104
129 !
108
120
121 I
119 I
108
108
j 106
136
99
108
Fire losses
...thous. of dol._ ! 21,198 22, 837
20.323
|
20,722
29,
789
23,447
I
19,500
24,301 I 27,248 I 27,959 I 36,261
34,410
26, 657
'Revised.
.Beginning with the September issue of the Survey indexes computed as of the first of the month are shown as of the end of the preceding month. The Engineering
News Record Index is similarly shown in the 1940 Supplement as of the end of the preceding month.
tRevised series. Revised indexes beginning 1913 are available in table 44, p. 13 of this issue.




SURVEY OF CURRENT BUSINESS

24

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940
1940

1939

January

Novem- DecemSeptember October
ber
ber

February

July

March

August

DOMESTIC TRADE
ADVERTISING
Printers' Ink Indexes (with adjustment for seasonal variations):
Combined index
_
1928-32=100..
Farm papers
do
Magazines
..do."."
Newspapers
do....
Outdoor
do
Radio
....._.
. . . . . . . do_I_.
Radio advertising:
Cost of facilities, total
-.thous. of dol..
Automobiles and accessories
do
!
Clothing. __.
............do
Electric household equipment
....do
Financial
_
..._
do
Foods, food beverages, confections
do....
House furnishings, etc
do
Soap, cleansers, etc
.
do
Office furnishings and supplies........do....
Smoking materials.
do
Toilet goods, medical supplies........do....
All other
_
....do
Magazine advertising:
Cost, total
...do....
Automobiles and accessories.. _.__
do
Clothing
.
.
.
.
do....
Electric household equipment.
do
Financial
..do
Foods, food beverages, confections
do
House furnishings, etc...
_
do
Soap, cleansers, etc
..do
Office furnishings and supplies..
.do
Smoking materials
.....do
Toilet goods, medical supplies
do
All other
do
Linage, total
.
.......thous. of lines..
Newspaper advertising:
Linage, total (52cities)...
..do....
Classified
____do._-Display, total.
......do
Automotive
_.
do
Financial
do
General.-.
do
Retail...
...
do

86.4
58.3
80.9
79.4
87.7
396.8

82.6
66.1
72.8
77.4
83.5
333.7

82.8
65.8
78.1
77.7
75.8
298.4

84.0
69.3
82.0
79.9
60.6
312.6

89.4
70.9
80.4
84.3
88.3
318.5

79.4
57.8
74.8
73.4
78.9
325.6

82.7
60.7
80.0
77.1
77.2
306.2

85.3
59.0
81.8
79.9
83.6
289.4

84.7
66.4
83.0
78.1
87.2
290.8

7,273
506
55
0
87
2,018
91
874
0
1,169
2,088
385

558
75
0
102
1,860
48
812
0
969
1.538
126

8,014
648
72
0
107
2,608
62
923
0
1,170
2,150
273

8,036
641
34
0
98
2,729
45
925
0
1.153
2,163
247

8,127
636
41
0
92
2,769
49
915
0
1,134
2,225
265

8,299
683
30
0
85
2,740
50
942
0
1,219
2.328
221

7,800
634
32
0
59
2,663
87
902
0
1,119
2,084
220

8,208
670
45
0
62
2,737
89
931
0
1,190
2,210
274

7,728
722
33
0
74
?,389
80
912
0
1,190
2,126
201

11,814
1,322
989
213
352
1,744
628
411
327
593
2,029
3, 207
2,182

14.925
2,312
1,136
392
414
2,206
1,086
403
204
665
2,422
3, 685
2,378

13, 821
2,159
755
337
400
2,103
874
382
203
704
2,474
3,429
2,255

12, 262
1,300
555
406
318
1,771
681
269
303
647
2,219

8.274
1,318
271
88
376
1,271
255
217
119
620
1,422
2.317
1,973

12.314
1,616
596
239
365
2,129
475
478
166
598
2,396
3.256
2,343

16, 261
2.483
1,095
585
458
2,477
730
497
263
824
2,723
4,124
2,779

17, 310
2,986
1,022
747
481
2,285
1,130
468
192
663

13,635
1,611
1, 060
281
378
2,140
429
305
790
2,147
3,668
2,410
106, 701
22, 328
84, 373
5,035
1,322
14,546

63, 469

j
!
;
j
I
I

3.794
1,711

101,937 119,612 113,457 I na 103
20. 884 22, 393 20,194
20. 246
81, 053 97, 220 93, 264 97, 857
4, 537
6,436
3, 067
3. 482
1,376
1,278
1,767
1,637
15, 015 19. 824 18, 470 14.183
61, 663 69, 192 68, 880 78, 555

I

88, 033
19, 075
68, 958
3. 854
2. 278
12,433
59, 393

2, 579

4, 757
2,725

93. 240 114, 255 111,989 j
23,083 i
19, 295 22,945
91, 309 88,906 !
73,945
7,007 I
5,620
4,224
1,838
1.799
1,494
17, 824
15, 740 17,645
52, 487 66, 246 62, 237

84.1 i 87.4
58.5 i 63.0
79,9
88.4;
80. 4
74.6
86.4 ! 89. 4
416.5 | 416. 3
7,137 i 6,842
7,086
489
498 !
680
33
35 i
54
0
0
o
i
90
81 I
94 : 1,889
2,039 j
2,095 !
79
85
87 !
907
846
977 |
0
0
0 ! 1,224
1,157
1,193
1,897
1,926
2,002 i
235
218
158 I
• 16, 454 15, 648 • 10,797 !10,005
2,744
1,439 ! 1,215
2,415
923
493
231 j
804
842
149
657
261 !
441
283
504 r 343 !
' 2, 213
2,138 ; 2,004
2,391
1,134
304 ! ' 235
826
514
413 ! ' 382
546
235
80
188
150
702
762
60S
863
' 2, 327 ' 2,422 ' 1, 969
1, 709
4,378
2, 650
4,069
2,857
2,430
1,888
2,014
1,706
69.1 |
85.1 |
83.2 I
86.2
325.2 I
I
7,928
728
56
0
92
2,383
90
963
0
1,283
2.109
224

84.6
62.5
85.8
76.9
82.0
358.4

119,883 I 103,290
23,936 23,216
95, 948 80,074
7,812
5,639
1,477
1,485
19, 427 17,069
67, 231 55,880

84, 440 92,041
21, 964
21,194
63, 246 70,077
3, 628 | 3,619
1,827 ! 1,196
13,043 1 12,046
44,748 i 53,216

GOODS IN WAREHOUSES
8pace occupied in public-merchandise warehouses
.
percent of total..

69.4 !

70.4 I

72.3

73.9

72.3 j 71.7

73.0

72.1

72.2

71.7

71.0 :

72. 3

NEW INCORPORATIONS
Business incorporations (4 States)

number..

1, 537

1,471

1,787

1,850 1,901 I

1,421

1,509 | 1,473

2,361

1,966; 1,998

2,250 ; 2.087

1,619 |

1,710 ; 1,027

POSTAL BUSINESS
Air mail: Pound-mile performance-..millions..
Money orders:
Domestic, issued (50 cities):
Number
...thousands. .
Value
thous. of dol..
Domestic, paid (50 cities):
Number
thousands..
Value
thous. of dol..
Foreign, issued—value
do
Receipts, postal:
50 selected cities..
.
...do._._
50 industrial cities
do

1,7711,535

1,500 I

3,901
39, 041

3,907
4, 288
37,262 I 39, 723

4, 246
39, 065

4,664
42, 937

503
4,309
548 ; 40,028

4,151 ! 4, 226
38,218 | 40,144

12, 469
99,068

12, 624
14,152 14, 385 15,285 i 13,608 | 12,945
97,376 I 109,016 108, 449 111,851 | 100.455 i 95,124
3, 926
1, 604
1, 467
1,895 j 1,833 1,773

14, 373
106,197
1,775

624 I 13,928
793 ! 103,120
450
1,430

13,138 i 13,106
97,435 100,955
1,519
1,362

32, 265
3, 786

28,668
3,451

4,150
38, 553

4,554 i 4,702
41, 876
41,190

27, 626
3, 565

4,134
39,472
13,106
102. 390
1,494
28, 974
3, 568

42,938
5,117

30, 380
3,791

29, 737
3, 665

32, 657
3,993

107.9
110.8
102.8 I 108.5

95.6
125.8

100.7
130.8

133.9
112.5

145.1
112.5

131.1
104.1

143.5
122.7

118.3 I r 70. 9
119.5 ! • 120.0

117.0
132.0

120.0
142.0

113.5
120.0

114.0
119.0

115.0
128.0

115.0
122.0

117.0
123.0

119.0 !
120.0 !

119.0
132. 0

106.9
106.4

109.0
109.0

105.4
108.7

112.1
111.5

112.0
110.9

113.2
109.9

114.0
112.3

112.8 !
111.1

98.2

101.2
102.3

112.1
108.8
136.1
101.5

96.1
100.3

98.7

104.4 j 109.9
106.2 ' 106.9

209.4
104.7

76.1
104.0

83.5
105.3

96.6 |
99.9 ! 102.1
101.7
92.1
105.2
103.2

98.5
104.8

97.5
101.5

102.2
102.7
99.3
105.4

109.9 : • no.o
112.0
' 114.6
102.2
99.4
107.6
103.8

99.5 i
104.4 j

97.6
106. 5

3,536
149

3,703
151

3,766
151

4,001
151

7,821
151

10, 870
681

11,513

11, 938
682

12, 356

24, 406

6, 839
239

6,596
240

7,286
240

7,295
240

15, 232
240

3, 846
2,785 j 2,774
151
151 !
151 '
|
12,
206
9,042
9,543 |
675
675
675 I
5,603 | 6,897
5,300
239
240
239

3,377
202

3, 354
200

3,431
200

3,622
201

7,655
200

30, 325
3,572

30, 046
3,413

31, 960
3,788

p 67. 4
» 118.0

56.5
83.5

96.5
93.7

121.0
137.0

114.5
127.0

113.3
125.0

110.1
112.4
p 98. 7
p 102. 8

107. 2
109.4
97.3
101.4

» 103.8
» 108. 2

32, 446
3,658

RETAIL TRADE
Automobiles, value of new passenger-car sales: j
Unadjusted
1929-31 = 190.. |
Adjusted
.
do
j
Chain-store sales, indexes:
Chain-Store Age, combined index (20 chains)
av. same month 1929-31 = 100.AppareFchains
do
OroceryFchain-store sales:
Unadjusted
1929-31 = 100..
Adjusted
do
Drug chain-store sales:*
Unadjusted
..........1935-39 = 100..
Adjusted...
.
do
Variety-store sales, combined sales, 7 chains:f
Unadjusted
1935-39=100..
* Adjusted..
do....
Chain-store sales and stores operated:
Variety chains:
H. L. GreenJCo., Inert
Sales
....thous. of dol..
Stores operated
.
number....
3. S. KresgelCo.:
Sales
thous. of doL.
Stores operated
number..
3. H. Kress &,Co.:
Sales
thous. of doL.
Stores operated
...number..
McCrory,tStores Corp.:
Sales......
_..- ..thous. of dol-.
Stores operated-..--.._..number._

2,767
201

201

3,888
202

r

3,279
151
10, 498
675

' 122.8
134.0

95.8
109.2

3, 657
3,751 ! 3,784 ! 3,331
151
151 |
151
151 |
11,815 I 11,643 I 10,458 I 11,7
676 j
678
675 i

6,401 |
239 !

6,838
239

6,310 !
239 !

6,514 I
239 i

6, 691
239

3,246 I
203 '

3,507
203

3,611 !
203 I

3,334 !
203 ;

3, 626
202

Revised.
*> Preliminary.
.
.
tRevised 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


May 1939; for an explanation'of the revision and revised data beginning May 1939, see p. 24 of the September 1940 SURVEY.
*New series. For data beginning July 1934, see table 1, p. 11 of this issue.


25

SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

1939
September

1940

DecemOctober jJ November
ber

January

February-

March

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Chain store sales and stores operated --Con.
Variety chains—Con.
G. C. Murphy Co.:
Sales
thous. of dol
3, 923
202
Stores operated
number..
F. W. Wool worth Co.:
Sale*
thous. of dol
25. 197
2, 021
Stores operated
number
Other chains:
W. T. Grant Co.:
Sales
thous. of dol. _ 8, 270
493
Stores operated ._ ._
.
numlx r
J. C. Penney Co.:
Sales - _
thoii*. of dol
24.791
Stores operated .
.
_ nuniUr
1,578
Department stores.
Collection^, ratio (o accounts receh able
Instalment accounts
.
.
perc'iit
Open accounts
_
du
105
Sales, total U. S., unadjusfd
192", 25 = 100
132
Vtl'intaj .- --- -_l"l.VW-l»n
7S
Boston
_. . .
1923-25=1 )()
] 04
Chicnco . .
do
107
Clewl.md .
. do
127
Dallas
..
_
. do
Kansas City
.
i«^". -- n o
Minneapolis
.
102M-3! - iu')
New York
_ .
1923-25 -•()<)
PhiWdelphii
.
do
Richmond . .
..
St. Louis
_ .
i,,
San Francisco
.. .
do .
Sales, total L\ S., adjusted
do
Atlantat . . . .. 1935 .W-l"()
ChioM'»o
l'->'\\ *>",> — 11'0

Cleveland
Dallas

Minneapolis
New York . . .
Phihdelphia . .
St. Louis

.

. . .

do
do

l'<29 3i - |f>0
i\.23 -j.") - m 1 )
-io
.in

San Francisco
_ _
do
Instalment sales, New Enuhnd dent ^(uns

peivnt of total sal s
Stocks, total T. S., eTid ol monthUnadjusted _.
1923 25=100
Adjusted . . .
.
. . . do
Mail-order and store sales:
Total sales, 2 companies
thous. of do!
Montgomery W -ird & Co
do
Sears, Roebuck & Co.
_
. do
Rural sales of general Merchandise
Total U. S., unadjusted
1929-31---100
East . . . . .
_.
do .
South .
_ .
.
do
Middle West
do .
Far We^ .
do
Total U. S , adjusted
do
East
Jo
South .
_ ._ . _
_
do
Middle West
do
Far West
.
. . . .
do

4 090
'202

4, 219
202

8, 163
'202

3 083
'202

3, 134
'202

4, 069
'202

3, 585
'203

4 300
'203

4 398
'202

3 966
' 202

4, 37(
' 202

25 809
2,015

26 530
2, 018

26, 948
2, 019

52, 333
2, 020

20. 512
2,017

22 117
2, 015

27, 545
2! 016

23, 774
2^ 014

26, 067
2^ 015

26,020
2, 015

24,507
2,013

26, 828
2,014

8, 235
495

8, 733
495

9,356
494

18. 868
'491

5, 931
492

6, 109
492

8,101
492

7, 620
492

8,787
492

8,911
492

7, 698
492

8, 750
493

2(5, 143
1, 552

28,722
1,553

28, 215
1, 554

43,216
1, 554

18, 292
1, 554

16, 032
1, 557

21, 469
1, 560

21. 181
1, 562

23. 599
1, 562

24, 737
1,568

20.882
1, 568

24,492
1, 575

17.7
47.0
99
122
85
98
98
116
94
116
104
80
132
96
103
90
110
89
91
103
97
91
69
85
99

17.7
48.7
109
125
88
99
107
117
88
97
115
95
131
102
105
95
114
90
100
104
94
97

18.0
44.5
168
206
140
164
171
195
154
160
172
139
217
156
179
96
119
98
100
113
105
95

17.0
48.2
71
83
69
75
70
86
67
81
74
52
84
69
80
92
108
94
93
113
102
94

100

94
104

87
98

17.2
44.6
71
100
53
74
73
91
70
70
69
53
83
73
S3
89
115
92
93
107
97
86
70
85
99

17.9
45.4
86
123
69
92
86
110
87
93
82
69
110
91
95
89
120
94
93
112
90
89
71
92
102

17.8
46.5
86
104
71
91
90
99
85
100
83
65
105
90
90
89
111
92
88
103
101
90
69
92
96

17.3
46.8
89
114
74
93
94
105
86
100
85
74
120
88
95
87
115
92
87
105
100
88
74
88
99

16.5
45.9
87
98
75
92
93
90
76
97
89
73
112
82
88
91
115
94
95
102
97
92
75
89
97

16.4
45.4
r»4
81
51
65
67
76
66
73
67
50
83
66
83
91
118
92
92
108
103
94
73
95
10

16.9
44. 1
77
107
r
62
86

103
79
99
100

17.2
44. 0
97
118
83
102
96
115
90
116
97
74
118
93
98
91
109
98
92
104
104
93
74
92
95

11.2

11.1

12.4

10.4

6.6

11.1

11.9

10.1

9.5

9.6

7.5

10.0

15.1

72
70

71
68

77
69

82
71

64
68

61
68

68
71

71
70

71
69

70
6S

64
67

61
68

66
09

11.1. 622
45. 972
05, 050

107.493
44, 743
62. 751

122,191
54. 945
67, 246

108, 095
47, 764
60, 330

148, 447
66. 020
82, 427

70,532
29, 984
40, 548

71,366
30, 530
40, 836

89, 741
38, 842
50, 899

102, 228
45, 856
56, 372

111.883
45. 905
65, 978

106,417
43, 104
63, 313

88, 565
37. 213
51,352

101,512
42, (592
58, 820

135. 1
1M. 7
1 0 3 . ?<

132. 6
126. 4
165. 6
116.3
162. 3
125. 4
128. 6
15o! 0
113.5
138. 7

160. 3
155.4
215.4
143. 9
166. 5
123. 4
120. 7
145. 4
113.3
138. 7

159. 7
167.0
208. 2
142.8
164. 7
122.7
129.5
151.6
108.9
335.8

211.7
229. 2
236, 4
190.1
242.8
132.4
137. 7
157! 4
121.9
148.8

102. 3
99.2
120.7
96. 6
108.4
134.5
130. 6
152.6
126.3
147. 5

107. 0
106.0
136.9
96.8
114.8
132. 3
129. 6
150.1
121.8
155. 1

119.9
120.0
151.6
110. 9
120. 2
136. 6
133. 6
167.9
125.1
146.0

115.3
115.2
134. 4
105. 1
127. 0
125. 4
120. 8
152. 5
112.5
142.2

122.8
126. 3
135.8
114.0
138.4
133.8
137.3
160.1
120.4
153.9

125. 5
133.1
132.6
116.4
146. 7
137. 7
145. 0
164. 9
123. 3
153. 9

96. 4
95. 7
102. 6
88. 1
121.9
132. 1
134.4
151. 1
119.4
148.6

119.4
120. 4
121.2
110. 2
150.5
146. 0
151. 1
168. 1
133. 6
163. 4

99.4
97.0

99. 5
95. 6

114. 3
81.6

119.0
82. 9

73.5
102. 8
68.3
88.1
61.9
115.1

76. 0
105.9
68. 2
87.7
61.5
116.1

91

100
107
79
126
10(3

m
99
122
107
102
115
95

117.7
103. 5
127. 8
139. 0
14,8.1
114.9
139. 7

3, 789
«• 200
r

7.8
87

84
94
86
101
76
60
* 104

78
98
99
123
r ]()7

101
122
115
101
80
104
104

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (U. S. Department of
101.4
99.0
Labor)
1923-25= 100. _ 107.2
100.2
100.8
99.6
103.6
103. 8
101.4
104. 1
96.4
96.5
98.2
97.4
Durable goods
do . . . 104.8
96.6
96.1
96.0
89.8
100.0
Iron and steel and their products, not in103.5
101.7
101.9
97.2
cluding machinery
1923-25=100..
113. 6
106.7
106. 8
108.3
111.4
111.1
Blast furnaces, steel works, and roiling
108.4
117.4
111.5
109.1
120.9
115. 1
121.8
123.3
mills
1923-25 = 100. _ 123. 2
101. 1
95.9
101.3
98.1
106.4
103.5
99.7
105.6
Hardware
do
101.4
98.8
94.2
Structural and ornamental metal work
70.3
70.0
71.1
73.4
76.0
75.4
71.6
76.3
73.8
1923-25=100..
83.7
93.7
94. 8
95. 6
93.6
95.4
92.7
100. 6
107. 0
105. 7
Tin cans and other tinware
do
100.0
66.8
66.9
68.0
67.3
71.1
66.7
70.0
73.0
72.4
Lumber and allied products
...do
73.3
88.7
86.4
87.3
90.3
94.8
89.0
90.7
96.8
Furniture
do
91,5
94.6
59.5
60.3
61.9
59.5
63.3
59. 1
63. 4
Lumber, sawmills
do
66. 2
65. 5
65. 5
113.
1
113.
6
112.4
113.1
113.9
100. 3
Machinery, excl. transp. equip
do .._ 123. 0
111.0
106. 6
113.1
Agricultural implements (including trac141.1
143.6
141.4
139.6
135. 2
124. 6
tors)
1923-25=100.. 133.5
117.8
116.1
130.9
Electrical machinery, apparatus, and
101.7
101.
5
101.9
101.6
100.4
supplies
.
1923-25= 100..
111. 5
92.2
97.3
102. 6
Engines, turbines, water wheels, and
134.
5
140.2
148.9
109.8
99.2
105.2
133.0
windmills
1923-25= 100.. 181.7
125. 3
119.8
Foundry and machine-shop products
j
97.2
|
97.2
!
97.2
I
96. 5
95.4
91.2 I
97.6 I
85. 8
1923-25=100._ I 103.3
!
97.2
221. 1
196.8 ! 204.8
156.2 I 170.6 i 183.9
Machine tools*
do I 246.0
211.0 ! 216.3
192.2 ! 136.4 I 126.3
150. 1 I 176.5 I 179.7
Radios and phonographs
do j 159.8
121.7 ! 128.3 ! 136. 5
162.3 i 109.8 ; 107.2
105.6 :
105. 3
Metals, nonferrous, and" products. _.. do
! 119. 9
100.3 !
110.4 ! 113.5
107.1
112.9 ! 135.7 I 128.3
125.8 I 125. 5
115.2 ;
Brass, bronze, and copper products..do
' 146. 2
131.1 ' 137.4
128.7
137.7 i
' Revised.
tRevised series. Department store sales in Atlanta district revised beginning 1919; data not shown above will appear in a subsequent issue
•New series. For data beginning 1923, see table 39, j>: In of the. October 1910 SURVEY.
270S03 - '|0 - -j



r

122.1
96. 4

r

79. 9
108. I
71.3
91. 1
r 64. 9
r
119. 2
r

r

137. 3

130. 6

131.2

103.3

103.8

r 106. 6

158.1

167. 5

' 175.2

96.9
229. 1
141.0
106. 6
127.1

98. 0
235. 2
143. 4
106.9
129.7

100. 5
237. 5
r 157. 1
113.8
' 238. 4
r

26

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1 1 9 4 0
1939
gether with explanatory notes and references I
! Xovem- i Decem- I Januto the sources of the data, may be found in the
SepSep1940 Supplement to the Survey
ary
tember tember October ! ber I ber

November 1940
1940

February

March j April

May

June

July

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, unadj. (U. S. Dept. of Labor)—Con.
Durable goods—Continued.
Stone, clay, and glass prod. ..1923-25=100.
Brick, tile, and terra cotta
do.._
Glass
do. _ _
Transportation equipment
do. _.
Aircraft*
do_ _.
Automobiles
do...
Shipbuilding*
do__.
Nondurable goods
do
Chemical, petroleum, and coal products
1923-25=100..
Chemicals-.
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing
do
Leather and its manufactures
do
Boots and shoes
___do
Paper and printing
do
Paper and pulp
do
Rubber products
....do
Rubber tires and inner tubes
do
Textiles and their productst
do
Fabricsf
do
Wearing apparel
do
Tobacco manufactures
do
Factory, adjusted (Federal Reserve)
do
Durable goods
do
Iron and steel and their products, not
including machinery
1923-25=100,Blast furnaces, steel works, and rolling
mills
1923-25=100..
Hardware
do
Structural and ornamental metal work
1923-25=100..
Tin cans and other tinware
.
do
Lumber and allied products
do
Furniture
do
Lurnber, sawmills
do
Machinery, excl. transp. equip
do
Agricultural implements (including tractors)
1923-25=100..
Electrical machinery, apparatus, and
supplies
1923-25= 100
Engines, turbines, water wheels, and
windmills
1923-25= 100..
Foundry and machine-shop products
1923-25=100..
Machine tools*
do_.
Radios and phonographs
do...
Metals, nonferrous, and products.. _-_do
Brass, bronze, and copper products.do
Stone, clay, and glass products
do
Brick, tile, and terracotta
do...
Glass
do...
Transportation equipment
do_..
Aircraft*
do...
Automobiles
do ...
Shipbuilding*
do...
Nondurable goods
1923-25 = 100
Chemical, petroleum, and coal products
1923-25=100-.
Chern icals
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing
do
Leather and its manufactures
do__
Boots and shoes
do...
Paper and printing
do...
Paper and pulp
do_Rubber products..*
do-_
Rubber tires and inner tubes
do_.
Textiles and their products!
.do...
Fabricst
.. do....
Wearing apparel
do...
Tobacco manufactures
do...
Factory, unadjusted, by States and cities:
State:
Delaware
- 1923-25 = 100
Illinois
1925-27 = 100
Iowa
1923-25= 100..
Maryland
1929-31 = 100
Massachusetts
1925-27 = 100
New Jersey
1923-25 = 100
New York
1925-27 = 100 I
Ohio
1926=100.-1
Pennsylvania
. . 1923-25 = 100 |
Wisconsin
1925-27 = 100_ -1
City or industrial area:
!
Baltimore
1929-31 = 100. _|
Chicago
Cleveland
r

.

1925-27=100.. I
1923-25 = 100. J

64. 6
109. 1
122. 2
110.3
180.3
100. 5
122.6
143.4
126. 2
122. 6
311.9
147.7
146. 8
107.0
00. 5
80. 3
115.3
116. 5

81.7
63.2
100. 9
97.0
1, 466. 5
98. 7
129.0
110.2

84.8
64.8
106.9 |
105.3 t
1,556.4 I
' 107.8 !
133. 6
110.8

85.5
64. 7
109.3
102.9
,749.5
102.3
132.9
109.2

83.6 |
7.7
75.5
62.6
7.0
52.9
108.5 !
105. 6
102.5
116.5
115.5
114.8
1,886.0 2,029.7 j 2.041.5
118.1
115.8
113. 1
139.4
137.5
142.7
108.0
105. 3
106.1

| 77.7
80.5
82.9
82.0
58.0
I
54.4 i
63. 1
60.9
104. 9
!
106.2 i 105.3 i
115.4 ! 115.0 ! 112.3
I
117.0 !
| 2,096.2 2,166.0 | 2,
328.2 - . 518. 7
109.8 I
114.4
104. 0
112.0 i
158.2 !
150.7
152.8 i
105.1
101.5 I r 10L 7
103.0 !

122. 3
133.6 ,
125.1 i
122. 7 !
310.2
137. 7
148.0
102. 7
96. 2
94.1
116.5
113.6
92.4
73.6
108.0
98. 6
124. 7
66. 7
101.2
94.6

122.6
137.7
125.1
123.7
313. 4
129.8
146.5
107.9
91. 9
89. 0
117.5
115.2
93. 9
74. 5
107.7
100.7
118.7
66. 4
103.4
97.3

122.3
137.6
124.2 j
122. 3
312.2
126. 0
144.8
112.1
93.2
90.8
118. 5
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Revised.
t R e v i s e d series.
s. D a t a for textiles a n d p r o d u c t s a n d fabrics revised beginning 1933; revisions n o t shown in the M a y 1940 S u r v e y will appear in a s u b s e q u e n t issue.
*New series. F
o r indexes beginning 1923
102:5 for
tor m a c hn i n e tools a n d s h i p b u i l d i n g , a n d beginning 1931 t h r o u g h 1937 for
aircraft, see tables 39 a n d 4).
For
for "aircraft,
4r), p p . 15 a n d 16 of t h e October
1940
S
u
r
v
e
y
.
Aircraft
indexes beginning J a n u a r y 1038 are in process of revision on t h e basis of more complete reports from t h e i n d u s t r y ; revised d a t a will appear in the next
FRASER
issue.

Digitized for


27

SURVEY OF CURRENT BUSINESS

November 1010

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the Sopieiiibi>r
1940 Supplement to the Survey

i«>;jj)

September

October

.
November

-

December

February

January

March

-•'

1940
;
—April
May
•

-

—

—

—

June

August

July

EMPLOYMENT CONDI TIONS AND WAGES—Continued
EMPLOYMENT
I a ( 101 \ , u n i d j u M i
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31.6
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31.1
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31.2
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35. 7
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r

Ki v M il 1 I*i ]'i 'u r .i\
iDi u n <ion ill iTin«M fiom " ivm" as separations such as deaths, permanent disabilities, retirements on pensions, etc., are included.
^ H I U M I P U miu d i t . u< J U \ I k'\ i u * v ol ll'o n u i n U r u c t n i n g benefits, based on an average of the weeks of unemployment compensated during weeks ended within
the mo'iUi.
TR< \ ism! s i *.
Toll phopf MI i till ?i .'Mi eiiMi!o\ rnent in Uxo* revised beginning 1932, other indicated employment series beginning 1929; see table 19, p . 17, of the April
1940 Mil \ oj. ^iib qu( nt 1 e\ 1^1011-) in lLiut s.es for street rail A ay* and busses beginning 1932, superseding those shown in the April Survey ,appear in table 27, p . 17, of the M a y

1940 lSMio
c
http://fraser.stlouisfed.org/
*New senes. "ee note maiked with an " * " on p. 20.

Federal Reserve Bank of St. Louis

28

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940

1939
September

1940

Decem- | JanuOctober : Xovem- ; ber
ary
i ber I

February

April

March

Mav

June,

July I August

EMPLOYMENT CONDITIONS AND W AGES- Continued
PAY ROLLS—Continued

,

Factory, unadj. (U. S. Dept. of Labor)—Con. •
Durable goods—Continued.
\
Metals, nonferrous, and prod. 1923-25=100.-|
Brass, bronze, and copper products, do
j
Stone, clay, and glass products
do !
Brick, tile, and terra cotta
do
Glass
do
Transportation equipment
-do
Aiicraf t*
do
Automobiles
do
Shipbuilding*
do
Nondurable goods
do
Chemical, petroleum, and coal products
1923-25 = 100,.
Chemicals
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do....
Slaughtering and meat packing
do
Leather and its manufactures
do j
Boots and shoes
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and inner tubes
do
Textiles and their productsf
do
F a b r i cs t
do
Wearing apparel
do
Tobacco manufactures
do
Factory, unadjusted, by States and cities:
State:
Delaware
.,1923-25=100.
Illinois
...
1925-27 = 100..
Maryland
1929-31 = 100-Massachusetts
1925-27 = 100...
New Jersey
1923-25=100..
New York
1925-27 = 100..
Pennsylvania
1923-25=100..
Wisconsin
1925-27=100..
City or industrial area:
Baltimore
1929-31 = 100-.
Chicago
1925-27-100..
Milwaukee
do...
>;ew York do_ Philadelphia
1923-25 = 100. P i ttsburgh
do
Wilmington
do
Nonmanufacturing, unadjusted (U. S. Department of Labor):
Mining:
An thracite
1929 = 100..
Bituminous coal
do
Metalliferous
do
Crude petroleum producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and powerf
do
Street railways and bussesf
do ._.
Telephone and telegraphf
do
Services:
Dyeing and cleaning
do.. Laundries
do
Year-round hotels
do
Trade:
Retail, totalf
do
General merchandising!
do
Wholesale
do

128.0
177.6
78.9
53. G
110.7
136. 5

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99.5
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J^

WAGES
Factory average weekly earnings:
National Industrial Conference Board (25
industries)
dollars..
28. 24
28.49 I
18.99
28.49 I
28.09 S 27. 61 ; 27.61 I 27. 60
27. 58
28. 58
>7 I 28.23 i 28. 16
U. S. Dept. of Labor, (90 industries)
do
25. 81
25.73
26. 26 !
25.51 ! 25. 20 : 25. 46 I 25.33 I 25,
43 I
79 ! 25. 25
26. 10
Durable goods
do
29.71
29.41
30.04 I
28.96 I 28.60 ! 28.90 I 28,92 I 28.
28'. 18
.80 i 29.48 I 28.52
29. 98
Iron and steel and their products, not including machinery
dollars.
31.09 ! 30.55
29.07 !
30. 71 i
28.25
27. 50 ! 28. 16 I 29. 30 j 28. 89 30.24
I
Blast furnaces, steel works, and rolling
mills
dollars33. 08
33. 91
33.19 :
31.25
29.77
29. 69
28.88 , 28.73 i 9.87 ! 31.53 I 30.75
32. 25
Hardware
do... ,
27.13
27 58
27.44 I
29. 85
26. 15 ; 26.13 ! 0 . 1 4 I 25.85 , 25.45 i 27. 36
24. 65
26. 01
Structural and ornamental metal work j
dollars __
28.87
28. 52
'. 62
27. 65
27.39 ! 28.42 I
28. 74
, 13 !
28. 56 I 28.87 ; 29. 51
Tin cans and other tinware
do I
23.86 j
23.70
23. 82
23. 46
24. 15 i 24. 20 j
24.86
22. S2
04 I
25.04 ! 24.38 I
25.61
Lumber and allied products
do |
20.80 !
20. 63
19.95
20. 18
19. 10
19.91 i 20.00 I
19. 69
22 I
19.37
20. 17 !
20. 81
:
Furniture
do 1
21.72
21.87
20. 95
21. 63
19.95
20
91
21.15
I
20.
70
I
20.28
1
59
!
20
67
21. 49
Lumber, sawmills
do j
19.45 :
18. 11
17. 73
18.39 !
19.20
IS. 19
18.49 - 18.93 I
43 I 19.32 ! 18.02 I 19.79
Machinery, excl. transp. equip
do
i
....
30. 25
29.74
29. 67
28.23 ! 29.20 ,
30. 15 i 29.97 I
Ml ; 30.41 , 30.29 !
29. 51
Agricultural implements (including |
30. 67
tractors)
doll ars,. j
31.07
28.91 ! 29.92 I
30.91
31.37 I 31.43 !
31.14
42 I 30.74 I 30.42 !
30.27
Electrical machinery, apparatus, and j
30.87
supplies
dollars. _ j
29.24
29.89
29.67
29.98 i 29.70 j
29.53:
30.52
30. 14 !
'.01 ;
29.34
Engines, turbines, water wheels, and I
30.92
windmills
dollars.. |
32.48 1
34.49
30.97
34. 10 ! 34.09
34.43 I 34. 35
34,.21 !
35.05
35. 14
33. 46
Foundry and machine-shop products j
35. 85
dollars..!]
29.43
27.86
30. 35
29.27 i 28. 89
29.:
29. 39
29. 27
29'.29
29.34
20.41
30. 12
Radios and phonographs
do
22. 92
23.
47
22.12
23.79
22.71
22! 19
22.30
22.46 , 23.09 '
23.61
23.90
23. 4y
T
Revised.
tRevised series. Data for textiles and their products and fabrics revised beginning 1933; revisions not shown in the May 1940 Survey will appear in a subsequent
issue. Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated 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.




29

SriiVEY OF CURRENT BUSINESS

November 1940
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1840 Supplement to the Survey

1940
\ o \ en1.ber

teniber

Decem- ' J a n u b_r

I February

March j April

| May

July

August

EMPLOYMENT CONDITION AND WAGES—Continued
WAGES—Continued
F a c t o r y average weekly earnings—Continued.
U. S. D e p a r t m e n t of L a b o r — C o n t i n u e d .
Durable eoods- ( o n t i m u d
Met ils, nonRr_ou> n i i i m d _ dollars i
Bra^s. bionze, and copp< i p t( >d . . d o _
S f o n e , c l a \ , a n d _]a<-.s pro<_m {-.__ . - d o . .
Brick, tile, a n d U n a tot'.i
<\o . I
dia.s
..
_
.
do . i
r
l iansportntmn equipmei T
...d
'
\ufoniob:les
.
.. .
. Co
X o n d u r a n l e UHK'S _ _ _ _ _

_

i 1" i

o;

''u

2> 74 '

I MTIMIIO

-_

dr
d'

_ _

i.2 j
02 '
20
32
_« i 4f, !
3"
2")
24

> oo i
' it) I

i n i

_ '

J \ j p i r iml print ire;. . . . . . .
do
I'.iper <iiid pidp__ _
_ _ (io _
Rubb< i piocuic t
. I i
K u b l <*i t'.ti^ and mac r k i )'-,
d
'Iexti 1 - •, a n d th_v pioduci
. _d >
I jblK's
. _ (..' _ '
W einii_r a p p > n 1 __
_
_'i</ _.•
I o b ui(() i n a n u ' u t . i r c
.. _
_d>> '
F u l ' > r \ , ' M r a1.1 b o u i h ( i i ' i n i ' s
X a l ' o m l IndiMi'_.l ( o n f u m c e B m . d (2~i j
l p d u ti u i
_ _ _ _ _ _
d'il! 'i !
I -> D t p t of T. dx>r ^90 induct ties ^
d . '
D m lbii <roods
_ _ _ _ _
_
i> _
l T on i n d -4e<l a n d their p r o d u c t s ii t ,n >
<lpuinir ni u ' l n n c n
d< ii ' s
J.I M lu' r i aC(s, s t u i work--, a n d " IHIG:
I'.ilK
__ . . . __ __ _
'i'v' n> i
II i n l u a r o . . _
d>; _|
1
MimWual and ornamenti m<! .1 v ;i k J
1 i7i can^ and othT \v\\\ ~J* _ .
I un.bf r <4nd allied pi idiii/s .._

21 58 i
71

)i 21 i
ii 41 '
21 51 I

( lumical, potiolcum, a m i t o i l ]r'>d':<t.
Mo1' u s _
C henrcals .
P a j i i < i a m o s . _. . _ do
I'< troli u r n n fin n_r
_
___ <\o __
R a \ o n a n d allied p r o d u r t s _ _ . . ('o
I n o d , m d k u i d n d product•*
.
<'o . _
H ikniR
__
_ _
<l) v
I n i ' d i t e r i i i " r i d w e it p i c 1 n ; _<!'»
L< a t h e r a n d i t s n 1 . n u f u W i r e s _ .
t\o
B o o t s a n d O u u <• _ _ _ _ _
1>»

2") 2 1

0* !
'A

06
2o
2")
03

• 71 i
:
20

1
Is

7.1'J

713

7(1

7M

i

1* 20 !
Ih 4b 2'! 2k
2t hi
IX Or, !

61
07
7'
27
S2

I
!
'
'

25 bi [
2 8 :>i i

2f> 51
2', 19
20 '()

r

^, «,4 '
17 O !

17 "2

17 M '
17 "0 !

Is* 20
17 47

7()7 i

107
723

|

] iinv\ , tu

26. 96
29. 01
24. 03
19. 55
26.02
34.39
35. 53
21.86

26. 76
28. 74
24.49
19.97
26. 49
34. 40
35. 78
21.49

27.02
29.00
24. 79
20.65
26 18
32. 83
33.47
21.72

29.22
31.82
28.44
34.42
26.24
25 32
25. 84
27.94
19.89
18. 78
28.06
25. 35
28. 54
33.96
17.26
17.07
17.85
16. 52

29. 31
31. 79
28.43 |

29.14
31.72
28. 93
34. 96
26. 26
25. 25
26. 12
27.26
19. 23
18. 20
28. 67
25. 17
27. 66
31.98
17. 45
16. 62
19.54
16.88

28.99
31.83
29. 02
35. 34
26.12
25. 17
26.22
27.76
17.68
16.30
28. 70
25. 35
27. 98
32.77
16.74
16. 40
17.63
17.07

29.73
32. 09
29.62
35.14
26. 27
25. 64
26. 46
27. 43
17.26
15. 65
29. 38
26. 52
28. 39
33. 88
16.52
16.35
16. 97
18.02

30. 08
32. 23
29. 55
34.84
26. 36
25.54
26.57
27. 82
18. 17
'17.00
29. 27
26. 70
28.27
33.11
16. 43
16. 24
16.96
18. 98

.731
.665
.728

.734
. 665
, 729

. 737
. 669
.730

. 740
.672
.732

34.78 I
26. 33
25.00
25. 84
26.88
19. 61
18. 59
28.37
25.42
27.40
32.29
17.48
16. 98
18. 86
10. 25
.728
. 663
.726

r

29. 95
24. 20
20. 74
25. 89
34.21
35. 28
21.81

.764

(.so ,

.838
. 685

.842
. 692

.849
.680

. 849
.683

. 850
.701

.730
.619
.512
.538 |
.491
. 735

.732
.620
.513
.539
.491
.737

. 735
. 626
.515
. 547
.492
. 739

.737
.624 I
.518 I
.546
. 497
.739

.741
.624
. 521
. 546
. 503
.741

. 741
.632
. 523
.548
. 505
.743

. 73S
. 627
. 519
. 550
. 406
.744

. 736
. 639
.517
. 548
. 493
.745

.796

.797

.797

.801

514 !
4S9 I
7.2

.798

. 795

.801

.764

. 765

. 705

.803

. 803

.810

. 621
.70! ;

.fill
. 703
. 762

. 803

.797

.726
. 595
. 701
.749
.664
.558
.746
.894
. 934
.607

.723
.606
. 696
.743
.662
. 554
.738
.896
. 938
.608

.725
. 014
.697 I
.748 I
.664 I
.553 i
.741
.900 j
.944 I
.610

.726
.611 j
.700 !
.749 i

. 730
. 606
.701
. 750
. 664
.551
.739
. 902
. 947
.615

.72s
.614

.756
.800
.718
.974
. 676
.641
. 635
. 677
.534
. 508
.783
.635
.776
. 965
.499 !
.481 |
. 534 |
.496

. 756
.803
.719
.975
.674
.639
.631
.680
. 537
. 514
. 783
.638

. m l n n c h ne-sj u
720

R ' ( ' K I > Mid p l u m o j n ph<- _

Vt2~>-27=
if.O .
Yl2\-2",
- '<'>>)

t.'l

Osj

7si
711 i

072 '

(.'IS
(>27
f.si
". 1
774

!
(»7S j

"37 i
"•11
7J* 4
dil |
77(> !
0,4
407
479

4,9
01 f>
1 '
101

I1
101

110
W«)
111
107

?
4 '
1
t)

0(,
<'S
110
««»
]i(i

3
0
5
1
8

0', 3
(
i7 9
H10 0
120 0
07 7
1119
107 f>

^
aa
.. _
JIN 2
107 9
h)Jo-27-=lUn_
Wisconsin _
M isc( llaneous w age dita
C onstruction wage rates (E X R ) \
OS)
Copimon labor
dol p i r h o u i . .
1 14
1 40
1 46
Skilled labor . .
do .
h arm wage s w .thout board (quai U r h )
13
dol ix i mr ntb .
""731
729 ,
739
.743 I
wages
(avg
,
class
I;
.
dol
per
hour
.
_
_
_
r
Revised.
§Construction wage rates as of October 1,1940; common labor, $0,711; skilled labor, $1.48.




.741
. 667
.728

.838
.681

.807

' . r e . ml i n ' a t
Io
u s ,u .mil ,ciu
Boots K1
d
shot s _. . _ _
JafiPi u( pnntJT-r
do __
P i p e r 'nd pulp
l l u b b e i pi )du(t>
_.
R u b b e r Mil s ami m r o i t u b
1 e \ f K s ajnl their produc i_>
1 ibrics
. . . . _.
\ \ e .rini 1 anpar. 1 . ___ _
r
l ob K i n ih a m i ,ctures_
F a t t e r v ,u< i a g p w c e k h u u n i i r j s , >>
t«ilo_>
Delawan
. . . . . ._
V i)-2 - ion
Jihnois
..
... ..
27-1'Kj.
Mass u hu^i t t s _.
...
\ c \ \ I(rst\
._
1

19.90
18. 97
28. 73
26.14
27. 98
31 64
17.(54
17.15
18. 95
17.79

.763

.804

t,-_i

30.16
32. 59
29. 28
34. 94
20. 53
24. 17
26. 40

.838
.671

do '

roi

30. 12
32. 45
29. 13
34. 73
26. 32
24. 33
26. 69
27. 76
19.80
* 18. 92
29. 00
' 26. 47
27. 90
32. 66
10. 85
16.71
17. 26
18. 30

.841
.670

s v ater whul ,

M e n ] , noiiieno'j- m l j u u ' i H
B ^bb
^
d
m (( 1,)
1,)\ , an
product
V\i ,. t d e , d
uoU i._
J
_
r
do
l r ii^D 'a^o
\ u f o obilc>
\ o n d u i d)legrods _
.
do
( m MIK ii, petioleuin, i n d t o i l p n - d m ' s
dd1.'
( IK m i c d s ___
_
_
d )
T a i n ' s uid \ u n ' s h e * _ _ _
'o
JJ< tiolt uni r< niiiPL __ __ _ d o
I . a \ o n a n d <dhi d \ iod'i({s_ . _ . . d o
1 nod cMl 1 k i n d l " d p'odiK ts_ _ . d o

25. IS
31.42
24.81
21.34
26. 50
35. 31
37. 05
22. 10

.766

.749

__

27. 12
30.46
23. 49
20. 72
r 24. 91
31.88
r
32. 24
21. 87
r

772 I

»i\,
\)in t t n - ,
_ __
C'l.ll

W iIK'.jil'lS

1 oiin"i>

26. 65
28.96
23.71
19.30
25, 89
33.47
34.80
21.73

. 663

778,
il

27. 37
30.28
23. 58
19. 52
26. 20
33. 23
34.28
21.87

0<>2
- >7

f 11

l'»
722

20
62
28
35
2 s)

7.1

'J

I u m b e r , s iw n^ls_
n,
AL.r l . u u r v , e\el ti ir._- ' q u i p _ do
V>:r K uliu.,'1 l r i p K v i i nt-> ( ' i u l . ' . ' i i - j

22 •JO '

29 19
A Si.
2b 72
31 01
21 12
21 so !

o- ™ !

I 1] i
i Oi
17

_ i

27
3.
31
22

2b 07
31 03
25 01
21 18
2h 78

90.7
95.7
98.9
117.2
96.1
107.8
104.0
. 685
1.47

"964
.505 |
.484 |
.544
.491
92.1
95.8
95.9
116.4
95.4
105.2
105. 7

.800
.718
.971 !
.672
.641
. 630
.681
.541
.519
.789
.637
. 779
.963
. 505
.482
. 543
.490

.739
902
.945
.609

i
i
!
!
i

.742
. 801
.717
.974 !
. 672 !
.043 i
.636 i
.689 I
.543 !
.521 I
.793 j
.637 i
.779 !
.966 i
.495 i
.482 '
.519 j
.493 j

. 760
. 803
.716
.975
.673
.647
.637
. 688
. 555
.533
.794
. 638
. 778
. 968
. 490
.484
. 518
.497

96.3 I
95.2 I

.661
.551
.710
. 905
. [)'. 1
.617

. ()(>b

:

!

!

. 550
. 713
. S-)7
955
.613

•

.,vJ
. so: !
.721

.05)1
. ."5 1
. 53 1

.553 I
|

. 7s«)

.614 j
. 7SO !
.967 i
.496 I
31 j

i

118.7 !
95.1 j
105.9 I
106.8

94.9
95. 7
97.6
120. 4
96. 2
107.0
108.4

1.47

.685
1.47

.690
1.47

.703
1.47

'."735"

36.41
.731

.725

.728

91.6 :
97.1 I
OS 7 I

11.2.6 I
108.0 ;

. Mlti
. 720
. 077
. 072

|
.611 ,
.630 ;
.601 i

93.4
95.6
98. 6
118. 6
97.4
106. 3
106. 5

35.27 |

.742 I

:£1!

. fi.'.O
. 779
. 060
. 512
.-ISO
. 55S
. 402

9 1 . 6 ! r 90. 4
06.5 i
97. 7
l o i . 1 I 101.3
J-21.:. I
07. 0 !
00. 1
107.9 !
111. s
101. 1 i 107..^
.707 !
1.48 I

707
.4b

37.18 '__.
• 723
.719

SURVEY OF CURRENT BUSINESS

30

Monthly statistics through December 1939, to- j 1 9 4 0
gether with explanatory notes and references —
j ™
Septo the sources of the data, may be found in the Sep1940 Supplement to the Survey
tembcr tember

November 1940

1989

1940

Pecem- | Janu- | FebruOctober !i Xovem-!
ber i
ber | ary i ary

March i April

j May j June

j

July

| August

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-Continued
Miscellaneous wage data—Continued.
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...

0.47
.01
.34
. 53

.m
.08
.33

.48
.38

0.43 I
.60 !
.30 |
.53 I
.58 i
.45 !
.64 |
.30 j
.46 j

.59
.31
.51
.57
.48
.64
.30

;
I
|
i
!
!
|
!
|

0.44 |

!32 I
.53 !
.66
.32
.46
.38

ALL PUBLIC ASSISTANCE

j
|
j
i

0.42
.63
.35
. 56
. 56
.48
.66
.32

j
|
|
j
I

0.41
. 59
.31

0. 43

:

i
i

.44 !
.38 |

258

m

48
37
39

274 |

\

48 j
37 i

38 '

49 !
37 |
39 -

0 42

0. 1".

.'.',1
. 53
. 7"

.32
.52
.39 i

. 32 i
. 50

51
39
43

. 45
. 39 '
I

I

Total, exclusive of cost of administration, material, etc
rail,
of dol..
Obligations incurred for:§
Special types of public assistance
do.
Old-age assistance*
do
j
General relief
do
!
Subsistence payments certified by the Farm
Security Administration
mil. of dol..
Earnings of persons employed under Fed- I
eral work programs:
j
Civilian Conservation Corps._.mil. of dol._|... _ . .
National Youth Administration:
[
Student aid
do
Work projects
do
Work Projects Administration!
do
Other Federal work and construction
projects
mil, of doL

0.4!

.•it

!33

274

281 |

51

51 !
39 I
40 j

0.47
.61

.49
.68 I
.33 i
.46
.39

. 49

. 3 ">
. 53

.47
. 38

. 50
. 0X
.34
.47
. 3s

53
40
33

53
40
33

256

280 !
39
38

0.46 !
.63 i
.33

52
40
32

35

3 |

2

18 !

i

19
4 |
102 j

18

19

17 ;

3

3

3 j
0 i

3
5
106

110

11 5

121 ;

37

35

35

233
0
188
123
65
45
220

230 I
0 !

184
121
63
46
233

3,046
3,047
2, 588 ! 2, 580
1,900 1 3,897
684
687 |
94
95 !

3. 053
2, 508
1, 890
678
91

3
0
120

18
0

114 I

6
••100

44 i

97
' 47

FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of dol..
Held by Federal Reserve banks
do
Held by accepting banks, total
do
Own'bills
do
Bills bought
do
Held by others
do
Commercial paper outstanding
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.:
Total, excl. joint stock land bks.t-.mil. of doL_
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
do
Banks for cooperatives incl. central
bank
mil. of d o L .
Agri. Mktg. Act revolving fund
do
Short term credit, totalf
do
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for cooperativcsd 1
mil- of dol..
Other financing institutions
do
Production credit associations
do
Regional agr. credit corporations
do
Emergency crop loansf
do
Drought relief loans
do
Joint stock land banks, in liquidation...do
Bank debits, total (141 cities)
do
New York City
do
Outside New York City
do
Federal Reserve banks, condition, end of mo.:
Assets, total
mil. of dol.__
Reserve bank credit outstanding, total
mil. of dol._
Bills bought
do
Bills discounted
do
United States securities
do
Reserves, total
do
Gold certificates
do
Liabilities, total
do
Deposits, total
do
Member bank reserve balances, total
mil. of dol_Excess reserves (estimated)
do
Federal Reserve notes in circulation..do
Reserve ratio
percent..
Federal Reserve reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of dol..
Demand, except interbank:
Individuals, partnerships, and corporations
in i 1. o f d ol. _
Slates and political subdivisions
do
United States Government
do
r

!

216
(6)
177
115
62
39
209

)
179
111
67
42
205

3,110
2,626
1,923

3, 086
2,616
1,916
699 j
93

0
172
103
69

!
!
j
|

214 j

233
0!
175
105
70
210

229 j
0 i
170 i
111 i
68 i
50 j
219 1

214

206
0
166
112
54
40
224

188
(J
152
103
49
36
232

14s
103
44
34
'215

3.058
2,553
1, 8*3
671
83

3, 060
2,549
1,880
669
81

3, 056
2, 540
1, S75
605
82

3, 050
2. 534
1.87!
0t>3
S3

64
18

62
18
429

65
15
434

67
15
433

165

191

I.1,')

19"

196
40
200
8
130
52

203
42
203

31,960
13, 110
1S, 850

199
42
204
S
129
52
54
31. 845
13,612
19,233

21,408

21, 801

22, 176

2,484
(>
4
2, 44S
18,579
18, 202
21,801
15, 575

4
2, 436
18. 959
18, 618
22, 176
15, 867
13,541
' 6, 525
5. 370
SO. 3

j
I
!
I
i

223
0
178
118 I
61 !
45 I
239

0 !

171 I
113 i
58 !
43
234

1

65
22
396

180
38
174
9

3.058
2, 596
1,905
691
99

21
367

21
361

165
33

73 j
20 ''
363 !

72
20
373

69 i
20 !
394 i

1,886
074
67
19
412

492

33, 664
15, 138
18, 526

170
34
163
8
119
53
73
32.711
13, 683
19. 029

117
53
70
31.676
13. (Ml
18, 636

33 i
154 I
s
116
53 |
or.
10,019
17, 633
22, 3X6

18, 602

18, 779

18, 710

19,027

2, 879
1

2, 650
0
S
2 5V
15| 295
14/176
18, 740
12,865

2, 593
0

2, 804
15, 013
14, 679
18,602
12, 953

2, 801
0
ti
2,736
15, 178
14, 838
18, 779
12.988

19,22] j 19, 1U7
I
2,503 j 2.547
0 1
' 0

2.484
15.521
15,209
19. 027
12,941

2.477 ! 2,477
\ \ 975 ' 1C>! 1S1
15,561 ' 15, S13
19,223 I 19.497
13,630

11.655
5, 352
4,720
85. 0

11,973
5, 553
4,773
85. 5

11,628
5. 160
1, 862
86. 3

11, 653
5, 209
4, 959

12, 150
5, ."59
4, 832
S7. 5

12, 328
5 6(t2
i! S72 | 4,931
81.1)
87. 8

12 919
6, 149
4 911
hs 0

13,237
6, 3S5
5, 057
8,5. 4

13,781
6, 857
5. 199
88.8

13.498
6, 514
5, 248
89.2

18, 333

18, 556

18,972

18,566 1 19,199 | 19.414 j 19,175

19, 696

20, 287

20, 510

20,984 J 20,901

17, 988
1,334
528

18, 273
1, 460
525

18.503 I 18,474 j 18,843 i 18,929 I 18,743
19,253
1,484
1,227 • 1.332 [ 1,432 |
1,351 1, 594
'
I
1
1I
!
560

19, 696
1. 578
' 560

20, 167
1, 434
515

20, 499
1. 497
505

54

f>

20, 741
1,463
508

3,068
2'. 605
1,910
695
95

31 •
154 I

12U
124 ,
" 2
6?
63 .
oj .
01
,,v
,-,;
31.717
2(>, I s j I 34, 7: s ! 34.709 i 3i. 19"
I t 7W I 1 2 . 1 3 s ! H. li'il ' 15. 51'jj 14. 5?r,
% 250
250
10, '6"9
19,978 | 17,311 | 19,537
i^
"~
"'
19. 677
2, ,"_".)

20, 042

20. 5^5

2,51s '

2, 531
0
2
2. 166
2. 17")
16, 151
18. n 20
10^076 ! 16,42s I !•)' 991 I 17, 754
19.677 j 2i), 042
20, 5S5 21, 408
13,81"; j 11,152
14,575
15,213

"t I

, 6

3

.1 1?:^:
, I

128
29, 9!8
IS. 314

20,415
1,440
509

Revised.
v Preliminary.
d" To avoid duplication these loans are excluded from the totals.
b
Less than $500,000.
Less than $500,000, held for foreign correspondents.
§Beginning with January 1940 these series include cost of hospitalization and burial; the inclusion of these data lias only a minor effect on the comparability of
the series.
^Combined figures for projects operated by W. P . A. and other Federal agencies: data not reported separately since February 1940.
tRevised series. A constant, $1,052,450, has been added to all data on emergency crop loans to include 1918-1919 farmers' seed leans, and totals adjusted accordingly.
""New series. Data beginning 1933 will be published in a subsequent issue. Other special types of public assistance, included in the total but not shown separately,
are aid to dependent children and aid to the blind.
a




SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- \ HMO
to the sources of the data, may be found in the
1940 Supplement to the Survey

31
1940

1939

September

,1

Novem-1
October I
ber
!
I

December

January

February

March

April

June

May

August

July

FIN AN CE—Continued
BANKING—Continued
Fed. Res. reporting member banks, condition,
Wednesday nearest end of month—Con.
PopoMts -Confnued.
1 lino, (\ctpi mUrnank, total 1 in1! of do]
Individuals, p^rtnei^hip^, a d e<,rj oi itions
mi' o 1 i!
S t i t i s md political s u b d . \ - t r*
<'u
Int<rb ink, domestic
d >
I i m st nu nts t o t a l .
do
L S d o \ t d i u c t obluniion>, tot 1 ». >
Hills
(l)
"Bonds .
do
\0t(S
1O

Obl'^tmns fuJl\ guitcntud In [ r ^
f ro\( r n m e n t
Othoi securities

<i .1 * t'oi
no

Loins, tot )1
do
Commercial, industrial, and 14« n uhur.l

lo m s
mil i i did
()\x n i7i irkot pa pi r
«(o
l obrok"t-<iiid (U >h rs m M t u r n u - d»
Otlu r lo ms lor purch A n dr i i i < wu ^ * u
Iltl(s
I. '1 O( d(>l
\U lit st i t o l o " n °
('
T o i l ' s to h . i ' k b
<'
Otln r lo ins
<; t
Inst lmopt lo m' to r OTISM^M rs 1U i n d u s l n )1 banki] > " j m p i n w
Lo ms in ido
<(*
Kipivrnents
do
\7ii >unJ outst indiM!-, P'ld of'i <;?i h It)

3, >70

5, 2H

5. 2'U

5, 214

5. 2S8

5, 269

5,302

5, 373

5, 323

5,333

5, 352

5, 341

5, 380

">, I s 7
170

5 018
2 )7
7 (i')7
11 0»J
S H7
4)9

5, 063
1M
7, 951
1 \, 207
S.bSl
t)!>7
5, N"W
2, 159

5.013
1X1
7.X5»1
1 i, 50,;
S. 713
711
5. M 2
2, lhO

5, 072

0, 353
1.755

5. 047
205
8, 029
14,675
8,877
648
6, 482
1, 747

5, 085
201
8, 085
14, 740
8, 851
647
6, 469
1, 735

5,165
188
8.424
14, 666
8,848
509
6, 518
1,821

5, 121
183
8, 460
14,881
8, 960
593
6, 496
1,871

5, 120
191
8, 431
15, 049
9, 081
627
6,528
1, 926

5,146
183
8, 577
15, 124
9, 202
757
6,382
2, 063

5,144
175
8, 239
15,461
9, 457
791
6. 507
2, 099

5,174
182
8, 505
15,622
9, 301
705
' 6, 573

2, 232
3, 291
8. 521

2, 408
3, 382
8, 656

2,412
3,298
8,674

2,414
3, 384
8, 499

2, 421
3, 468
8, 528

2, 380
3, 438
8, 649

2, 427
3, 494
8,661

2, 399
3, 569
8, 475

2, 405
3, 517
8,462

2.418
3, 580
8, 517

r 2, 584
3, 605
8, 500

4,310
317
603

4, 381
312
660

4, 353
315
700

4.295
321
614

4, 324
332
609

4,414
337
625

4,409
326
626

4,367
322
478

4, 438
301
380

4, 441
291
419

4, 480

499
1,189
36
1. 579

504
1, 188
50
1, 564

485
1,183
54
1,547

478
1,185
52
1, 548

476
1, 185
51
1,561

474 !
481
1, 187 i
1, 189
52
46
1,587 ! 1,592

471
1,199
40
1,633

474
1,210

1 ".47

512
1,184
36
1, 559

57 i
2-() 1

40.7
39. 9
251. 1

39. 3
38. 3
252. 1

47.0
42. 5
256. 6

40.9
40.1
257.4

39.9
38.4
258. 9

46.4
41.7
263. 6

47. 8
43. 1
268. 3

47.0
42. 6
278. 3

x :u

r.U JsO
v.i
()JS
f. " l o
2 1 2

1 , s_:

? 2\2

t - *

; ii#o

s 7s >

S vu

i ( h)

4, 229

\

r

Monev and interest rite
Bank rate" to nistomcio
In NGW Vork Citv
percent
In 7 other northern and eastern cities
percent
In 11 southern and western cities
do
Bond yields (Moody's):
Aaa
_. . . do
Baa
do
Discount rate (N. Y. F. R. Bank)
do..._
Federal land bank loans
. do _
Federal intermediate credit bank loans.do
Open market rates, N. Y. C :
Prevailing rate:
Acceptances, prime, bankers, 90 days
percent-.
Com'l paper, prime, 4-6 months.,.do
Time loans, 90 days (N. Y. S. E.)-do
Average rate:
Call loans, renewal (N. Y. S. E.)...do
U. S. Treasury bills, 91 days
do
Average yield, U. S. Treasury notes, 3-5
years
percent
Savings deposits:
Savings banks in New York State:
Amount due depositors.mil. of dol
U. S. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks
do

" s^j
2 1 ,7

5\i
4t>'»
1 JJ>

"10

1. Wi

li

199

8. 190
11.413
8, 703

48. 2
42. 6
273. 9

iy

11

2 04

1 96

2 03

l)

50

2.59
3 32

2.67
3 35

!

3 43

2.78
3 31

2 82
4. 00
1.00
4.00
1. 50

3.25
5.00
1.00
4.00
1.50

2.84
4.80
1.00
4.00
1.50

2.82
4.74
1.00 !
<• 4. 00
1.50

' ; (i
1

' t

3. 15
4.88
1.00
4.00
1. 50

Me 1
1H

1
1

Ms

%-H

3.00
4. 85
1.00
4.00
1.50

Me

2.94
4. 92
1. 00
4.00
1. 50

Me

2.88
4.86
1.00
4. 00
1.50

Me

2.86
4.83
1.00
4.00
1.50

Me
IK

294
390

40

403
1,219
48

1, 042

1,072

45. 3

42. 6
42. 0
280. 0

41.2
279. 4

2 00

Me

n-n
VA

2 49
3 38
2.93
4.94
1.00
4. 00
1.50

Me

2.96
5.11
1.00
4.00
1.50

Me

2. 88

4. 80
1. 00
1.00
1. 50

Mn
1

2.85
4. 76
1.00
4.00
1.50

' 15

> ~'s

m

m

VA

m

1U

VA

m

1.00

1.00
05

1.00
.04

1.00
.01

1.00
.02

1.00
.02

1.00 1
.02 1

1.00
.06

1.00
. 10

.64

.51

.47

.46

.42

.45 !

.65

.76

5,644

5, 670

5,631

5, 629

1, 299
43

1,293
43

1, 297

1, 297
41

1,291
1,238
72
46
70
78
261
263
6
16
70
51
22
31
10
5
14
10
6
13
14
7
27
31
12
5
52
52
4
3
27 1
36
766
739
114 I
120
16, 247
13,068
911 i
570
1,547 1,201
6,925 i 4.588
122
33
1,718
832
739
535
426 i
194
307
432
175 ,:
194
92 ;
214
1,318 !
278
639 i
76
587
820
251
87
844
600
5,198
5.063
1.666 1 1,646

1,114
48

1, 175
50

61
226
8
48
26
6
9
8
13
20
4
57
5

05
216
16

. or.

1.00
.14

. 4s

1 07

5. r>")7

5, 557

5, 552

5, 547

5, 599

5,616

5, 632

5, 676

5,660

1, 295
42

1, 267 1 1,271
55
54

1,275
54

1,279
53

1,290
50

1,297
48

1,301
45

1,303
44 i

1,042
48
66
204

1,197
55
63
216

56
17
4
6
13
11
19
6
38
1
26
622
102
13,472
575
1,655
4,939
290
1,167
427
249
30
247
548
856
112
453
214
346
4,440
1,863

49
28
4
11
8
8
19
7
36
6
28
740
123
11,681
752
668
4,336
342
911
659
107
477
242
54
267
93
620
190
374
4,585
1,340

1.00

2, 095

.05

;

J] I

1.00
. 05

l]'i
1.00
.04
.58

43

COMMERCIAL FAILURES!
1,184
970
1,153
1,237
1,043 ', 1,234
Grand total
.
number
•41J
57
44
49
48 !
43
Commercial service, total.
._
do
5S
59
69
50
51 !
55
Construction, total
do
1K7
239
223
187 i
263
Manufacturing total
do
235
14
X
9
J]
8
9 !
Chemicals and drugs
... _ _ do .
30
64
52
44 1
37
46
Foods
do
21
20 1
16
17
16
Forest products
.
do . _
18
f>
4 I
4
6
Fuels
do
3
7
11
4 !
16
10
9
Iron and steel
. . . . __ ...do .
4
11
7
13
Leather and leather products
do
s
7
14
11 !
9
8
12
Machinery
do
20
24
14
;
28
16
29
Paper, printing, and publishing
do
7 !
:i
9
10
7
5
Stone, clay, glass, and products..
do _.
40
37
44
53
63
56
Textiles
......
._ do
7
4
4 i
4
3
4
Transportation equipment
do
21
40
24 !
41
36
35
Miscellaneous
do
690
652
571
789
772
697
Retail trade, total . .
do
108
105 i
125
112
129
Wholesale trade, total
do
ios
13,243
15,279
10, 545 ! 17,464
13,201
Liabilities, grand total
thous. of dol._ 11. 307
54 I
760
614
522 !
790
587
Commercial service, total
. do
803
1,094
765
1,509
945 i 1 , 1 2 9
Construction, total
...
_do
5,129
4,942
4,
770
4,
606
3, 466 !
6,959
Manufacturing, total
do
132
78
195
76
138 i
135
Chemicals and drugs
do
311
2,142
1,481
1,286
Foods
do
fill 1 1.500
Stili
167
442 i 1,411
208
168
Forest products.
.
do
304
5
1,29.".
111
72
816 :
Fuels..
_
...
_ do
162
49
321
274
105
28
Iron and steel
do
72
26
204
96
46
Leather and leather products
do . . .
327
i Hi
216 ; 1,455
220
859
40
Machinery . . . . _ .
._ do _
391)
310
484
185
99
335
Paper, printing, and publishing
do .
102
172
227
279
75
105
Stone, clay, glass, and products
do
097
435
579
565
969
595
Textiles
..
. do
200
168
129
157
134
Transportation equipment...
. . . do.. .
95 i
1,205
326
1,000
435 ;
397
377
Miscellaneous
do
4,940
3 521
5,617
4, 443 1
5,378
5,156
Retail trade total
do
2,087
2,597
3,208
1,3201,169 :
], M0
Wholesale trade, total
do
r
Revised.
tKevised series. Commercial failures compiled on a new basis beginning 1939; for an explanation of the
1939, see p. 31 of the March 1940 Survey.

*New series. For data beginning 1929, see table 35, p. 18, of the September 1940 SI*RVKY.



12

!
!
;
i
i
1
1
i
!
,
i

666
113
13,734
1,100
984
5, 039
90
1,088
508
434
158
246
312
226
93
1,018
572
294
1,383

40

1,128
49
49

209
10
34

24
9
15
4
14

12
3
54
7,
19
728

5
8
9

14
23
4

47
4
27
719

7, 117
253

102
12, 997
562
1, 272
4, 459
37

hSh

843

11(>

16,213
594

M7

' ; s7
2 5'M
2t,6
hj

'MX
1M

1, r,;,
1M)
5, M>7
1. 75S

774
272
133
197
325

284
101
1,106
40
287
4, 983
1,721

change in the compilations and revised data for all months of

32

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey

November 1940

1939

1940

Novem

ber

-

Decem- | Januber | ary

February-

March i April j May

June

July

I August

FINANCE—Continued
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalX
mil. of dol.. j Mortgage loans, total
do
I
Farm.
do
{
Other
.
do
|
Real estate holdings
do
|
Policy loans and premium notes.do
:.Bonds and stocks held (book value), total !
mil. of doL.j -.Government (domestic and foreign):
j
Total
"_
l__do !
U. S. Government
do
! Public u t i l i t y . . . .
do
;.....
Railroad
do
'
Other
do
:....
Cash
do..._;_..._
Other admitted assets
do !_...
Insurance written: ®
Policies and certificates, total number
thousands..
Group
.
do 1
Industrial
.
do
j
Ordinary
.
do.
Value, total
thous. of doL. I 550, 412
Group
do
i 40. 720
Industrial
.
do
| 127,974
Ordinary
do
j 3sl, 748
Premium collections, total®
-do
j 248,824
Annuities
do
j 25. 938
Group
do
| 12. 303
Industrial
.do
fio. 409
Ordinary
do
150,174

23, 008
4,472
662
3,810
1, 751
2, 557

23,711
4, 486
662
3, 824
1,753
2,547

23,815
4, 499
662
3. 837
1, 754
2, 534

23,917 • 2 4 . 0 1 2 ' 2 4 , 1 3 0 ! 24,240
24.339
24.420
4,528
4. "33
4,513 . 4 . 5 ^ 2
4,555 j 4,573
660
05s
f;,-',)
0i;! :
OtH j
662
3,868 : 3. >7"
3. s s j i 3. M)l ' 3, s0 4 ! 3,911
1,720
1,722 ,
1.720 ', 1,711 • 1, 71S
1,716
2,520
2,507 [ 2,4'ji) [ 2, 4M '
2.472
2,457

24, 494
4,591
663
3, 928
1,714
2,463

24, 623
| 4,60s
j
063
! 3, 945
| 1,714
I 2.453

13,553

13,687

13,714

13,906 I 13.928 '

14, 347

14, 527

6,110
4, 377
3, 259
2, 697
1,487
837
438

6.097
4, 359
3, 401
2, 697
1, 492
800
438

6,181
4.441
3, 382
2, 684
1, 467
823
491

6,353
4.611
3.428
2.642
1,483
763
480

642
24
417
200
509,897
59, 401
115,935
334,501
234,418
18, 248
11,320
59. 970
144,880

790
51
484
255
637, 675
75, 929
135, 769
425, 977
238, 492
20,879
10,781
57, 055
149,777

724
41
455
228
587, 498
44, 027
128, 121
415,350
247, 397
23,412
10, 854
52, 800
160, 331

728
59
443

442,597
33, 493
118,743
95, 351
45,611
43, 595
19,741
36. 567
12,756
36, 740

543,991
43,136
152.548
122,888
54, 339
52, 598
19,413
40,088
14. 743
44, 238

951
938
742
522
246
003
133
588
043
736

646,
105,
124,
416.
355,
50,
13,
100,
185,

550
030
662
85S
983
0*2
270
662
9H9

!
i
;
!
i

6,37d
4.*'>23
3. 449
2,044
1.-Kin
S9!)
402

13.9V5 I 14.035
6. 373 |
4,507 !
3, 104
921
464

14,218 I 14,325

6, 396 ;
4, i,24 i
3.4M !
2, 6."0 '
1.499 |

6, 529

2:;'"
I
1.517 I

475 j

900 !
470 j

6 517
4, 7 J )
3, W
2 717

427

793
I
42
i
494
!
25d
! 020,357
S09
! 141.
921
1
567
489.
430
750
24,9' 1
5S.3
239
543
113

659
32
4U0
226
232
, f-3H
653.156
134,507
;, 120
113. in 123,
40 \ 538 398,
286, y34 263,
42, 1S5
15, 848
451
63, 512
i.">4
910

6 "320
4 721
3 545
2.708 |
1,571

30
472
203
624, 770
39,
135.
419,

714
35
446
233
597.
4b, 916
12s, 232
420. 272
256. 093
25, 473
11, 594
112
429

21,719
4,621
W>3
3, 95*
1. 716
2,445
14, 024

6. 738
4. 929
3. 579
2. 694
00") j 1>>13
SO 7 j
888
424 \
425

097
33
42s
235
00 "\ .yy>
I 43,520
! 124. 192
i 437.614
I 2t".7, 714
j 35,043
j 12..sl2
j 55.517
• 1H4.312

fis.l
32
426
225
579. 2s3
53, 757
123,111
402.415
240,254
22, S.>1
12. 339
55, }.-)!
155.610

(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total-thous. of dol..
New England--.
._ . . . . do
Middle Atlantic
.
do
East North Central
do
West North Central
do
South Atlantic
do
East South Central
_
.-do
West South Central
do
Mountain
do
Pacific
do
Lapse rates
.
1925-26 = 100..
MONETARY STATISTICS

212
378
888
840
043
672
223
996
317

872
110
172
728
070
53.
53 O.")4
21, 969
12, (Via
i 14.iO
4 335

I

174, 453
43, 976
1 *)8,
132,
54, 293
57,
20.
42.
15,
47,

571,
42,

41, 727
146, 013
123, 270
54. 200
nS, 094
24, 711
44, 595
14/956
44, 830
91

5i if), 001
40, 743
151, 40\»
129. 2S4
5s. 097
57.0 33
22.218
45. 349
14, s'li
40, i,io

528, 330
39.1 32
133,296
119,572
54,877
52. 751
20,8s2
42, 674
15.994
i\ o;>2

i

Foreign exchange rates:
\
. 208
Argentina
dol. per paper peso..j
.298
. 298
. 298
. 298
. 298
0)
. 298
(3)
. 108
Belgium ...
dol. per helga... i
. 170
. 166
. 170
. 061
.001 I
Brazil, official
dol. per milreis .!
. 061
. 061
.061
.om
.061
\ 061
. 001
n
. 3 2
.301
. 300
British India
dol. per rupee.. J
.301
. 299
. 301
.301
. 302
.302
.842
. 876
Canada
dol. per Canadian dol.J
.913
. 809
. 801
. S69
. 855
s2'»
!
;
|
|
052
.
052
Chile
dol. per peso_ _!
.
052
.
052
052
.052
. 052
. 570
!
. 570
Colombia
do !
.571
. 570
. 572
. 571
. l>20
.022
France
dol. per franc.j
. 022
.023
023
.022
'.
020
. <»">2 i
.401
.401
.401
. 400
. 399
. 401
.401
. 400
Germany
dol. per reichsmark.J
. 39V*
. 400
. "50
. 050
. 050
. 050
.051
. 050
. 050
. 050
Italy
dol. per lira_. j
.050
. OoO
.234
.234
. 234
. 2:-". i
. 234
. 235
.234
. 234
.235
Japan
.
dol. per yen_.i
. 234
. 167
. 200
.190
.205
. 182
. It 7 ! . 107
. 199
.202
Mexico
dol. per peso..I
. 184
.532
.532
.531
.531
'.di
.531
Ml I
Netherlands
dol. per guilder.. |
.238
.238
.238
. 23S
' 238
.238
. 238
\ 238
.238
.238
Sweden
dol, per krona__|
. 237
3. 964
3. 995
3. 930
3. 805
3. 979
3. 925
4.011
United Kingdom . . .
. . . dol. per £ I 4. 034
5. 602
Gold:
"
i
j 20,913
17,091
17,931
17.644
16, 932
17, 358
177 I
19. 963
Monetary stock, U. S
mil. of dol.. j 21,244
i
Movement, foreign:
i
'-3'),
, 60,970
2, 836
79,516
90, 873 -200,811 | 40.03}
417
-437. 234
Net release from earmark^
thous. of dol.. j 36, (528
11
I 3,
Is
15
1., 249
15
10
13
Exports
do
|
i
!
St.")
l.-Oi
69, 740 167, 991 451. 1S3 j 230, 113
Imports
do j 334,113 326, 089
Production, estimated world total, outside
1109. 791 1 107. 51s
MOO. sr.O 'J 106. 5S0
106,990 107, 244 103,675 101. 43S •
U. S. S. R
thous. of dol..
''93, OlS > 90. 6 W
'•- 90,325 ' P s.9,
s5. 102 ' S \ 79 i
M.
87, 525
90, 057
90,999
Reported monthly, total
do
|
T 47.071 v 17. slO
1 46.713 ! P47.
6M.S T Y\
4'.
4 I, 162 i 45. ."',2
44, 208
43, 396
44, 105
Africa
do j
15, t\S
1 15, 0s2 P 15.<N2
14. 052
11.
15.
14, 875
15,209 |
14.784 | 15,158
Canada
do.... I
Is. S00
10.052
10, 40S i 16,
500
13,
14,
17,512
United States
do
19, 728
21, 785
15,936 i
In, 972
Receipts at mint, domestic (unrefined)
.0'^, 233,901 1 231,4 S6 30s. .',30 307, 7sO
170.
1. 123
fine ounces-,] 341, 102 362, 866 421, 796 274, 843
'.511
818
Currency in circulation, total
mil. of doL.j 8,151
7,293
7,342
7,598 !
7,483
7, 370
Silver:
|
1"
177
lst»
487
'
139
Exports
thous. of dol -. j
1,292
f."7
1,773
1. 107
5. 37s
4, 55s9
3, 795
170
Imports
do ! 4, 650
i. 721
;, 673
4,639
7, 268
4, 183
r
5.
7<<
>
319
.318
.
3!s
.3*0
3
IS
.
318
.357
. 370
.348
Price at New York
dol. perfineoz._! .348
169
.'. 501
5, 423
24, 426
7v"
22,491
23,634
22, 193
3 is
Production, world
thous. offineo z . . '
997
2,913
770
1,020
Canada §
do ;j
2. 679
1, 898
23. !."2
610
;, 006
7,931
1 10
Mexico
do
6.210
6, 85/
6, 539
s! 12S
I, HO
120
5, 716
5,113
, 7\\
United States
. . . . do
j
5, 145 ! 4,874
4.s~2
I 373
Stocks, refinery, end of month:
'.
1, 385
3, 997
870
2, 2U5
1, <JOG
4,638 i 3,533
,447
5,461 ; 3,589
United States
.
do
2, 409
5,421
r
Revised.
Preliminary.
1
Quotations not available August 26-October 16.
2
Average for May 1-9.
3 No quotation.
< Average for June 1-15.
J37 companies having 82 percent of total assets of all United States legal reserve companies.
<§)40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.
1Or increase in earmarked gold (—).
§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.



(•'')

33

SURVEY OF CURRENT BUSINESS

November 1940
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
September

1939
tember

October

1940

Novem- December
ber

January

February

March

April

May

June

July

August

FINANCE—Continued
CORPORATION PROFITS
(Quarterly)
I
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.)t
mil. of dol._ -_-__--..
Autos, parts, and accessories (28 cos.)-do
i__
Chemicals (13 cos.)...___.
do
Food and beverages (19 cos.)..
do__.
Machinery and machine manufacturing
(17 cos.)-.---.-mil. of doL.
Metals and mining (12 cos.)
do.-..
Petroleum (13 cos.)._--_._.__._..-.-.do
Steel (11 cos.)
_.____.do....
Miscellaneous (55 cos.)t
.
do
Public utilities, except steam railways and
telephone companies (net income) (52 cos.)
mil. of doL.
Federal Communications Commission:
Telephones (net op. income) (91 cos.)..do....
Interstate Commerce Commission:
Railways, class I (net income)
do....
Standard Statistics Co., Inc. (earnings):
Combined index, unadjusted*
1926=100..
Industrials (119 cos.)
.do
Railroads (class ! ) • _ . . .
.___ do.
Utilities (13 cos.)
.
._.do....j.........
PUBLIC FINANCE (FEDERAL)

296.2
91.7

142.0
14.4
32.5

23.2

10.7
6.2 |
16.3
57.7

7.0

17.1 i.

9.0
4.5

32.9
21.0

15.9 | .
35.1 I.
35.0 .

9.0
3.9
12.1
38.1
36.7

61.8

62.5

61.9

57.7

126.1

<*12.8

63.5
34.2
116.7

114.5
118.8
74.2
135. 9

92.6
102.5
<*7.7
147.2

3.3
11.9
22.1
28.6
46.8

....

44.7
54.4

52.1

1.6
'88.0
'95.1
'.0 |
••141.0 I

!

r
43, 774 43, 905
42, 971
42,375 ; 42,559
Debt, gross, end of mo
mil. of dol.J 44,073
40,861 I 41,040 | 41,310 | 41,961 | 42,128
42,6
42,810
Public issues:
!
j
37,671
37,625
37, 605 r 38, 337 38, 383
Interest bearing..
..
.
do
i 38,417
36,282 I 36,421 j 36,517 ! 37,234 j 37,364
37,493 j 37,531
5S9
541
555
591
584
Noninterest bearing
.
do
I 593
516 |
510
499
496
509
Special issues to government agencies and |
526 I 557
4, 934
4, 853
4,585
4, 775
trust funds
.
.
.mil. of dol..! 5, 063
4,231
4,063 i 4,109
4, 295
4, 496
Obligations fully guaranteed by U. S. Gov't: |
4,256
4,356 | 4,471
5,535
5, 528
5,526 -5,811
5, 703
Total amount outstandingcf
mil. of dol..
5, 809
5,455
5,448
5,707
5,656
By agencies:cf
5,699
I
5,673
]
5,663
1,269
1, 269
1,269
1,269
1, 269
1,269
!
1,269
j
1,269
Federal Farm Mortgage Corp
do
| 1.269
1,279
1, 279
1, 269
1, 269
631
2, 634
2,641
Home Owners' Loan Corporation.,.do
j 2,623
2.813
2,783
2,770 j 2,763
2,830
2,823 ! 2,817
2,809
2, 626
096
1,096
Reconstruction Finance Corp._..-_do._ .-j 1,097
1,096
820
1,096
1,096 j 1,096 ! 1,096
820 i 1,096
1,096
h
1, 096
Expenditures, total, including recovery and
relieft
__„_________.thous. of dol..| 760.286 750, 302 721, 458 648, 006 841, 329 712, 994 668,376 ! 871, 554 792, 288 648, 814 933, 880 830, 599 708, 382
General (including recovery and relief).do.__.i 757, 536 728, 837 701, 893 632, 573 822, 858 713, 225 654, 170 I815, 963 756, 975 642, 330 883,092 699, 794 693, 620
5,988
5,072 -13,009
975
3,425
5,633
8, 785 j 5, 066
-543
Revolving funds, net
do_.__ —8,954
5,264
3,812
3,979
25,195
3,500
0 313^ 520
20, 000
7,150
0
Transfers to trust accounts!--..
. - . d o . . . . 10,000
10, 000 I 10, 000 10,000 - 5 , 0 0 0
10,000 i
2, 576
212
12,
2,010
47,
363
9,325
9,013
Debt retirements
....
. . d o I 1, 704
9,051
779 |
790
394 | 49, 958
367
r
Receipts, total
.
.
. do
711,124 718, 790 321,511 i 406, 967 569,136 314, 549 443,830 | 934, 208 304, 203 399, 598 784, 218 367,064 566, 388
447,196
331,
221
399,598
648,323
Receipts, net*
__-,.
..do..
710,584 075, 790 278,511 363, 967 521,136 314, 549 443,830 799,391 304, 203
25, 225 23, 630
28,101
28, 702 26, 479 26, 251
32,418 I 29, 049 27,814
Customs
..........
. . . . . d o . . . . I 22,627
25,651
35, 595
35, 788
Internal revenue, total
..do i 672,540 667,156 271,583 354, 929 517,924 , 257, 969 394,688 I 886, 370 261,772 356, 508 694,932 326, 141 522, 813
49 655 37, 645
62,663 I 665, 487 47, 621 40,197 463, 786
Income taxes!
.._.........
do
j 431,669 329, 042
37, 652 34, 142 319,143
45, 338
39 098 139,131
31, 749
Social security taxes,
do._.J 29, 437 26, 740
45, 263 177,756 j 30,481 ! 39,194 137, 299
35, 556 129, 706 29, 225
Taxes from:
*
j
4, 407
1 650
1,646
1,791
1, 975
Admissions to theaters, etc
. . . . do
j 5, 852
1,852
1,853 j 2,391 ! 2,001
1,728
1, 487
2,118
600
1,833
821
948
1,593
Capital stock transfers, e t c . . . .
do-_._
596
1, 012
2,806
1,043 j
1,210
1,087
784 j
1,275
••Governmental corporations and credit agencies:
12 092 12,410
12,021
12,085
12,,062
Assets, except interagency, total.mil. of doL.
12,064
11,967
12, 105 12,063
12, 06 | 12,078 i 12,116 i 12,176
8, 023
8 513
8,470
8,914
Loans and preferred stock, total
do
8,923
8, 956
8,936
8,930 ! 8,922
8,951 \ 8,920
Loans to financial institutions (incl. pre1
9A9
1, 189
1,212
1,170
1,196
1,180 ! 1,198
ferred stock) _
...mil. of dol..
1,260 ! 1,232
1, 272
1, 273 1, 247
553
552
524
521
515
517 I
509
Loans to railroads........
. . .do
500 i
504
492
489
497
2,
336
2,
312
2,323
2, 355
2,377 I 2,347
2,365
2,365 | 2,376
Home and housing mortgage loans..do
2,347 i 2,363
2,358
!
Far in mortgage and other agricultural
3,
349
3,233
3,224
3,700
3,699 | 3,705
3,726 ! 3,709
3,700
loans
..
.mil. of dol..
3,738
3,744
3,721
1, 107
1, 185
1,187
1,140 | 1,160
All other
_._.__.
do.,..
i, ioo ! 1,100 I 1,118
1,068
1, 093
1,183
1,112
U. S. obligations, direct and fully guaranI
!
846
871
879
893
895
895
891
teed
_ _ _..mil. of dol..
874
900
879
879
888
569
567 I
562
552
555
543
553
Business property
.
.
do....
535
542
559
558
549
1, 061
1,067 i
1,067
644
629
608
652
610
695
Property held for sale._._._
do....
689
678
661
1,312
1,075
:
1,043
934
1,100 | 1,123
All other assets
.
do....
1,103
1,187
1,039
1,013
1, 038
1,033
7,842 I
8, 400
7,977
7,768
8,053 i 8, 052
Liabilities, other than interagency, total.do....
7,845
8,059
8,064
8,048
7,912
8,053
Bonds, notes, and debentures:
5,526 I 5,811
5,529
5,657
5,535
5,675 I 5,664
5,704
5,449
5,708
5, 700
5,356
Guaranteed by the U. S
____ d o . . . .
" I
1, 354
1,351 !
1,343
1,337
1,32'"
1,321 I 1,323
1,348
1, 352
1.340
1,357
1,357
Other
do....
1, 234
964 I
1,105
1,039
1,069
1,057 I 1,065
995
1,054
1, 004
1, 019
1,039
Other liabilities including reserves..__do....
407
406
I
405
404
403
400 !
397
401
393
398
395
397
Privately owned interests
_....._do..._
Proprietary interests of the U. S. Govern3,
603
3.844
!
3,639
3,770
4,025 ! 3,663 | 3,719
3,602
3,617
3,607
3,806
3,866
ment
..
mil. of dol..
Reconstruction Finance Corporation, loans out- I
standing, end of month: S
Grand total§..
thous. of dol.. 1,621,602 '1,636,906 1,640,936 1,615,596 1,609,856 ! 1,596,231 1,620,764 1,625,200 j 1,620,643 11,614,836 1,635,255 1,651,829 1,651,615
Section 5 as amended, total
do
715,778 677,916 679,064 689,603 ! 697,205 | 703,038 706, 458 715,979 718, 030 712, 328 720,085 749.921 753, 087
Banks and trust companies, including
85. 226
86, 303
87, 761
90, 613
94, 872
93,128
receivers
thous. of dol.. j 83, 898 101,187 102,126 100,773 j 100,007 I 96,477
4, 625
4, 270
4,347
4,138
3,637
3,647
3,480
3,375 ! 3,342
3,506
3,433
Building and loan associations. _.__do
! 4, 597
3,487
2, 188
2,331
2.
313
2,354
2,389
2,457
2,433
2,615
2,571 I 2,506 I 2,478
Insurance companies
...
do
! 2,176
2,652
Mortgage loan companies
do
| 151.456 127, 647 130,167 134,432 138,595 ! 142,464 142, 876 145, 436 146, 243 146, 846 145, 951 146. 637 149.737
507.
627
506,
623
475,
856
Railroads, including receivers
do
! 470.039 438, 835 436, 650 444, 314 448, 792 j 454,194 458, 841 467, 887 471,747 466, 093
3, 684
3, 775
3,839
3,889
3,401
3,765
3,615
All other under Section 5__
do
3,612
4,138
3,963 3,919
4,109
4,073
Emergency Relief and Construction Act,
I
as amended:
Self-liquidating projects (including financ- i
ing repairs)
thous. of dol.. 21, 262
37,870 I 38,540
40,010
19,915 ; 19,784 | 20,509
38,258 | 38,232 j 38,230
41,586 42,679
42,664
Financing of exports of agricultural sur- j
47 I
47
47 |
47 j
pluses
. . . . . thous. of dol.J
47 j
47
105 |
47 |
47
47
19,871 | 19,371
63
Financing of agricultural commodities !
520
521 !
520
625 !
525 i
and livestock
thous. of dol. _
747 !
675
751 I
751 i
747
752 I 751
751
'Revised.
'Kevisea.
Deficit.
Number ofofcompanies
companiesvaries
variesslightly.
slightly.
§See note marked with a " § " on p. 34 of this issue.
Pv .Preliminary.
Preliminary.
• •Number
*<* Deficit.
t l but
b t nott shown
h
cflncluded in the total
separately are guaranteedd debentures
off certain
Federal
d b t
t i other
th F
d l agencies. 11ncludes repayments unallocated, pending advices, at
end of month.
tRevised series. Data on total expenditures and transfers to trust accounts revised beginning 1.937 and on income taxes beginning September 1936; see table 50, p. 18 of
this issue.

*New series. See table 50, p. 18 of this issue.
JA merger during the second quarter of 1940 reduced the number of corporations in the miscellaneous group to 54 and the total to 167.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

34

November 1940

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

FINANCE—Continued
PUBLIC FINANCE (FEDEBAL)—Con. !
R. F. C., loans outstanding, end of month—Con.'
Direct loans to business enterprises (including participations)
thous. of dol.J 133,521
Total Bank Conservation Act, as amended !
thous. of dol.-i 564,516
Drainage, levee, irrigation, etc
do
j 83,360
Other loans and authorizations!
do
j 102, 599

125,753

126,802 j 130,026

566,534 !564,556 '541,423
83.502 I 83,482
83, 750
120,992 :124, 171 127, 316

130,466 ! 130,566

130,732 I 129,955

552,134 ! 548, 669
83,723 | 83,740
97.028 I 98,851

574, 558
83, 596
105, 797

166,571 i 146,482 249,933 ! 70,996 I 245,723 j 102,761
1,225
6,516 1 8,753 j 3,022
8, 100 I 1, 300
5,752 ! 25,382 ! 2,469
3,640 \
1,300 1,088

82, 577
5,694
418

200,313 i 123,242
457 ! 422
4,140 I 32,246

97, 270
211,587
78,522 !
0

76, 464
20, 225

195,715
429

90, 574
16, 717

4,523
1,182

3,41G
374

130,625 I 130,377 | 131,919 j 130,704
539,936 '535, 376
83,814
83,998
118,978 101,596

554, 240
83, 874
105, 249

550, 091
83, 966
105, 796

12'.). 420

570, 77b r>Cl, .".('.1
?> •!, 299 ' Si, 223
97, 524 lul, 242

CAPITAL FLOTATIONS
Security Registrations!

j

(Securities and Exchange Commission)
Total securities effective under the Securities
Act of 1933
..thous. of dol.. 130,581
15. 405
Substitute securities *
do
5,821
Registered for account of others
do
Registered for account of issuers, exclusive of
substitute securities
thous. of dol.. 109, 324
14, 162
Not proposed for sale
do
Proposed for sale:
Issuing and distributing expense:
Compensation to underwriters, agents,
etc
._
thous. of dol..
3, 248
Other
..do
657
Net proceeds to be used for:
Total
do
91, 257
New money........
do | 45, 432
Purchase of:
!
Securities for investment.....do
j 4, 363
152
Securities for affiliation...
do j
0
Other assets
.
do !
Repayment of bonds and notes.do
j 37, 342
Repayment of other debt...
do \ 2, 694
Retirement of preferred stock.. d o . . . . I 1,123
Organization expense
do | (a)
Miscellaneous
do !
132
Gross amount of securities less securities re- j
served for conversion or substitution, total j
thous. of dol..1 115,167
Type of security:
j
Secured bonds
. _ ...do | 39, 541
Unsecured bonds
do | 22, 598
16, 016
Preferred stock
. do
19, 375
Common stock
.
....do
17, 500
Certificates of participation, etc
..do
Type of registrant:
12, 750
Extractive industries
._._
do
38,15S
Manufacturing industries
do
6,815
Financial and investment
do
0
Transportation and communications, do
Electric light, power, heat, gas and water
Other--...

50, 386
7, 058

thous. of dol..
do

Securities Issued

j

(Commercial and Financial Chronicle)

\

35,956 ! 30,817
775 i
181
1,448 j 3,578
33, 733
8,917

27, 059
13, 550

2, 053
125

1,247
203

22, 638
3, 574

United States possessions
a

do

• 3, 200

114,069 | 154,830
1,916 ! 5,288

4,069
653

3,414 |
1,190 j

4,027
702

5,547
1,454
224,312
17,125

144,938
8,480

97, 645
17,133

37,541
379
0
53, 970
7,384
3,214
15

0
200
190
126, 208
6, 461
3,391

2 370 10,832
25
0
0
0
73 002 180, 555
4 558
420
5,
0 10, 249
9

28, 461

113,994

10, 380
1,600
1, 936
12,172
800

13,444
500
2,200
11,317
1,000

46, 815
17, 700
3,391
33, 443
12, 645

125, 681
10, 900
8,710
8,076

0

0

1,582
3,485
19,444
380

1,523

6,160
23,517

323

8, 818
2,927
1,750

0
9,929
40, 776
7,823

1,401

26, 293
4, 999
2,184

0
11,194
)97 j 2,250

54,955
511

119,176

107, 300

224

88,920
88.920
21, 640

98,421
98,421
30, 528

94,251
94,251
35,405

13,816
0
3,207
3,274

15,418
0
816
5,406

21, 373
0
3,545
5,611

19,483
0
2,284
13,638

275, 866
42,177
0
0
0
0

0
67,280
0
0
0
0

0

235,093
10,303
1,500
0

j 25, 850
I 12, 816
I
0
0
i
0
0I
0
1.500 !

10,232 |
0 I
1,384
8,454 j
640 I
12,248
0
132

9,030
279
0
76,621 J 38,155
8
6,105
99 ! 2,139
0
0
18
0

3, 943
0
0
53, 532
7,818
18,316
28
393

,0,474 | 225,510

53,923 i 189,581
4,293 ! 22,984

2, 556

oi
oj

18,039
537
60
19,181
60
0
5
196

99, 739

76,882

j
199,591 | 116,780

58,144
0
2, 254
6,799
9,685

105,148
72.000
11,040
9,209
2,194

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

2,375
122,320
12, 282
18, 504

1,957
21, 567
16, 768
9,210

10,819
61, 839
14,374
705

75
4,864
5,726
86,112
9,835
2,745
3,768 ' 4,337

85,413
250

824
10,150

84,018
53, 755

103,959
103, 959
45,404

2,016 I
0
200 !
161,423 I
997 |
1,909 j
i j
52 j

I 6,650
24.878
| 16,465
! 57,917
| 10,870

3,974 i
28
81,396 I 55, 205
2,186 I 19,407
0 |
500
111,676 j
359 i

13,319
28, 323

0
2,250

54, 700
2,210

250,144

226, 457

690,209 I 281,469

81, 861
71,213 I 117,609 122, 111
81,861
70,463 | 117,609 122,111
89,287 ! 9,339
30,527 j 53,925

396,071 | 129,104
396,071 | 128,604
44,989 ! 67,938
;

52,612

0 j

0

42,543

6,875
910
65
1,489

5,600
34,336
750
0
0
750

5,500 | 3,000
29, 824
58,184
0
0I
0
0
0
0
0
0

2, 250
70, 272
0
0
0
0

289,458 I
o
61,624 ! 00, 666
0 !
500
0
0
0
500
o!

192 559 346,842 169, 419 227, 287 128, 033
192 559 346,842 169,419 227, 287 128, 033
137 460 | 210,842 103,799 192, 353 82,660

144, 596
144,596
10?, 276

294,138o ;! 152.365
294,138 I 152,365
225,623 ; 111,494

800
57,755
0
0
0
0

0

58, 846

0
0
0
0

! 101,898 ! 196,370
o
|
0 :
14,472
• 35,562
0
i
0 \

18,600 ; 28,800

1

21,695

22,223 I 26, 299 i 114,305
0
0
o!
0i
0j
0 !

93, 632
8,252

79, 680
31,025
0
100
0
15,253
7,547 | 9,607

0
0
0
0

189,307
0
4,900
1,610

44,381 ! 127, 391
11,291 | 43, 361

32,746 | 15, 957
0
10,000
3,700
1,590
1,069 i 10, 870

67,893

404,370 | 129,500 236, 640
402,870 129, 500 236, 640
157, 474
90, 835 195,817

3,126
511

450,801 ! 240,633 \ 344, S

335,061 i 286,809

1,959 i
358 !

4,632
1, 042

2,091
457

522
506
209
369
536

153,
46,
17,
23,

289
270
679
303

218,420

50,850
8,303
0
0
0

47,
31,
40,
24,

338,340
338, 340
20,297

157,431 j 88,277
0
0
43
2,558
0 |
0

132

153,367 i 143,542 : 241,143

742, 711

25, 895
53, 300
0
0

(

555

8 !

26,888

138, 348
138, 348
79,195

247,620 ! 58,727
16,307 j 11,798

143,882
41, 507

12,059 107, 430
4,922
6, 492

11,914 | 2,632
148 !
0
1, 586
235
4,789
1,428
609
1,223
0
43
0
4
19

Securities issued, by type of security, total (new !
capital and refunding) _______ thous, of dol.. j 225,439 180,018
New capital, total
do
| 110,687
41,669
Domestic, total
d o . . . . 110,687
41, 669
Corporate, total.
____
do
! 68,006
16,019
Bonds and notes:
j
Long term
________do___
63,728
14,320
Short term
do
0
0
Preferred stocks
.
do
2,720
500
Common stocks
do
1, 558
1,199
Farm loan and other Government agencies
thous. of doL. j
0
9,950
Municipal, State, etc
do
i 42,680
15, 700
Foreign, total
„_...
...do j
0
0
Corporate..._____.__
-_.-do__._i
0
0
Government
.
_._____do~__l!
0
0
United States possessions
do____l
0
0
Refunding, total.___________
do....! 114,752
Domestic, total
._.do....j 111,552
Corporate, total.
do.___'i 62,465
Bonds and notes:
I
Long t e r m . - - . . . . .
_
.do
60,449
Short term
do
; 836
Preferred stocks
do
! 1,180
Common stocks
.
do
0
Farm loan and other Government !
agencies....
. . . thous. of dol..!l 26,000
Municipal, State, etc..
do
23,087
Foreign, total
do
| 3,200
Corporate
____do
i
0
Government
.do i
0

114,924
0
855

0
0
0 i

0
0
0

87,049 154,191
0
3,000
13,750 ! 37,546
0;
617
16, 942
48, 678
0
0
0
0

82, 660

0
0
0

17,350 ! 25,150
17,584 I 20, 223
0 !
0
0
0
0
0
0
0

1,096 •' 13,427
1,350 i 1,899

i

96, 947 223, 116 j 107,047
0 !
0
5,000 !
4, 421
o!
329 | 2,250 :
28,870
13,450

0
0
0
0

4S,400 :
20,115 •'
0 :
(i ;

0;
0

27, 525
13, 346
(j

0
0
0

Less than $500.
tRevised series. Data on security registrations, formerly excluding reorganization and exchange issues, revised to include all registrations under the Securities Act of 1933.
For data beginning 1938, see table 47, p. 15, of this issue.
*New series. Comprises voting trust certificates and certificates of deposit. For data beginning 193S, see table 47, p . 15, of this issue.
.Data revised to exclude a loan to the Rural Electrification Administration advanced in varying amounts during 1936-39, now classified under allocations.




SURVEY OF CURRENT BUSINESS

November 1940

35

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
August

FINANCE—Continued
CAPITAL FLOTATIONS-Continued
Securities Issued—Continued
(Commercial and Financial Chronicle)
Securities issued bv type of corporate borrower,
total
thous. of doL.
New capital, total
..do.-..
Industrial
do
Investment trusts, trading, and holding ,
companies, etc
thous. of dol._
Land, build ings, etc
do
Public utilities
.
do
Railroads
do
Shipping and miscellaneous
do
62, 405
Refunding, total
do
Industrial
do
Investment trusts, trading, and holding
0
companies, etc
thous. of dol..
490
Land., buildings, etc
do
I, 300
Public utilities
.....do
', 900
Railroads
do
!, 500
Shipping and miscellaneous
do
Domestic issues for productive uses (Moody's):*
103
Total
mil. of dol..
03
Corporate
do.
40
Municipal, State, etc
do.
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short term)

246, 279
53, 925
22, 598

171, 947
89, 287
6,094

0
0
8,407
7,750
13.169
103,799
24, 250

350
0
16, 767
8, 114
6,096
192, 353
50, 943

0
2S0
0
19, 400
63, 513
82. 660
78, 200

0
575
89, 897
0
5,370

0
780
32, 269
35, 000
11, 500

0
1, 000
41, 236
82, 252
16, 923

0
2, 960
1, 500
0
0

37
12
25

28
9
19

45
26
19

67
22
45

52
25
27

87,341
134,808

66,668
122,245

51, 095
224, 706

901
112

921
134

432

910
192
626
252

702
239
459
251

177,771
20, 297
6, 057

0
130
125
13, 065
1, 600
79, 195
600

0
111
1, 505
9, 200
3, 424
157, 474
3, 443

0
0
750
32
2, 185
5, 510
9, 525
5, 998
1,523
4, 900
90, 835 195, 817
15, 215
12,000

1, 000
450
0
18, 184 [ 7,015
960
3,277 j 30, 730
137,460 ! 210, 842
115,000

0
230
23, 965
700
53, 700

6, 250
729
147, 052
0
0

0
1,995
76, 840
0
0

0
386
119,200
60, 000
1,016

0
0
101,368
20. 494
15, 598

56
20
38

112,475 I 226,345 172,865 | 256,246
21, 640
30, 528 35,405 i 45,404
7, 658
14, 088 13,913 I 5,249

0I

0I

20
13

44
12

30, 554
64, 931

55, 065
22, 018

88, 854
207, 413

103, 871
64, 025

61, 598
160, 277

174,916
118,588

300
02

716
187

504
104

417
102

1,054
170

731
94

649
50

635
218
370
2f)S

200
577
289

914
195
623
272

906
207
637
266

886

217
520
305

198
602

893
195
616

262

253

thous. of dol.. G9,90S
100,152
do

59 |
14 ;
45 !

111,616 ! 270.612 179,432
9, 339
44, 989 07, 938
2,826
3,
23,124

134, 327
30, 527
1,201

95, 214
16, 019
1,099

0
0
11,012
15,205
15,000
225, 623
93,028

0
90
30, 232
14,292
200
111,494
00, 776

0 I
0
427 I
829
94,020 117,400
5,000
0
329
13,700

23,811
25, 300
1,530

0
0
3. 785
2, 000
728
102, 276
2,500 !

0

100
53
47

36
7 i
29 !

54, 946 r 75, 984
75, 692 234,340

75,147
77, 354

COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
..-.mil.ofbu..
Corn
do

405

451
81

653
223
376
267

642
213
376
201

631
215
368
256

90.14
94.93
39.09

90.90
95. 62
40.64

91.33
95. 72
43. 28

78.5
84.7
98.7
52.0
114.6
105. 4

81.2
80. 3
100. 2
57.1
120.4
100. 5

81.5
86. 8
100. 2
57. 5
121.2
105.8

90, 317
134, 597

81,388
121,857

67,057
99,101

74,484
114,651

05, 530
102, 228

53,571
82, 424

102, 663
3,677
98, 986
81,058
17,928

98,120
2, 131
95, 989
82, 080
13,309

79, 705
2, 337
77, 368
GO, 5GG
10, 802

52, 879
48, 347
4, 532
47, 666
45, 894
1,771

53,431
48, 903
4, 528
48,002
40, 702
1,840

53,914
49,399
4,515
49, 239
47, 2<sr>
1,954

70 I

SECURITY MARKETS
Brokers' Balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)_.mil. of dol._
Cash on hand and in banks
do
Money borrowed
.
do
Customers' free credit balances
do

886
615
247

Bonds

Prices:
Average price of all listed bonds (N. Y. S. E.)
87.87
92.48
92.02 I 91.97
92.86
88.50
91.24
92.33
dollars. _ 92.08
90.79
92.47
90. 56
96. 51
96. 55
95.70
95.68
Domestic
_
.do
92. 41
95.05
96.02
94. 59
43.07
48.86
52.77
Foreign
do
52.00 51.58
47.29
51.23
52.23
50.55
Standard Statistics Co., Inc.:
79.4
82.7
82.1
82.5
Composite (60 bonds)..-dol. per $100 bond._
82.2
80.9
83.0
82.9
82.4
82.1
85.3
87.8
87.3
87.5
87.3
Industrials (20bonds)..
do
85.0
87.0
86.4
87.3
86.8
99^3
100.
6
101.8
101.7
101.6
Public utilities (20 bonds)
do.
101.8
98.6
101.8
100.5
101.6
53.5
59.7
57.2
58.2
57.8
Rails (20 bonds)
__do.___
58.2
59.0
60.2
58.0
61.6
115.3
122.3
119.7
119.8
119.1
120.2
Domestic municipals (15 bonds)
do
107.1
117.5
119.9
110. 7
105.6
100.8
107.5
107.6
106.6
U. S. Treasury bonds
do
101.9
10*4.6
106.8
106.1
102.6
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value.
_-thous. of dol.. 94, 701 417, 429 162,275 135, 515 125, 631 134,462 103, 351 102, 858 135, 784 149,103
Face value
do.___ 148,956 498.100 229, 653 193, 891 206,047 208, 518 153, 589 163, 222 210, 816 219, 740
On New York Stock Exchange:
81, 857 108,459 115, 226
78, 398 384, 237 131,901 105,994
81, 807
Marketvalue..
do
98, 662 101,179
Face value
do
129, 205 459,821 194, 212 159, 374 173, 971 166,112 127,344 135, 832 176, 998 179, 936
Exclusive of stopped sales (N. Y. S. E.),
face value, total
thous. of doL. 125,905 480, 789 170,089 151, 685 176,100 144, 917 120,384 135, 239 165,116 176,105
8,250
3, 285
4,323
1,597 227.101
2, 365
U. S. Government
do
3,760
4,322
14, 203
5,628
124, 368 253, 688 155, 886 146,057 171,778 141,157 118,019 131, 954 160,793 167,855
Other than U. S. Govt., total...do
109,915 227, 997 134,816 123, 230 146,192 120, 903
99,176 110,849 139, 547 144, 924
Domestic
do
22,931
21,105
14, 453
21, 246
18,843
Foreign...
do
21,070
22,827
20,254
25, 586
25,691
Value, issues listed on N. Y. S. E.:
53, 414
53, 646
53, 937
53,853
53.988
Face value, all issues
mil. of dol._ 53,913
52,435
52,466
52, 452
54,067
49, 108 48, 879
49,313
Domestic issues
do
49, 400
49, 440 49, 400
47,917
47,869
49,512
47,922
4, 535
4, 538
4,540
Foreign issues
___do
4,514
4,537
4, 566
4, 548
4, 554
4,549
4, 531
46,937
49, 612
49,643
50,006
Market value, all issues.
..do
49, 679
47, 839
49,605
49,920
46.431
47, 621
45,197
47,395
47, 699
Domestic issues
..do
47.611
45,500
47,314
47, 541
47, 265
44, 279
45, 331
1,740
2,217
Foreign i s s u e s . . . . .
do
1,944
2,356
2,339
2,366
2,340
2,379
2,151
2,290
Yields:
Bond Buyer:
2.62
2.59 i
2.70
3.00
Domestic municipals (20 cities)
percent..
2.39
2.63
2.72
2.59
3.30 | 2.93
Moody's:
3.54
3.58
3.65
3.60
Domestic corporate..
...do
3.50
3.63
3.70
3.69
3.95
3.83
By ratings:
2.93
2.82
2 84
Aaa
do
2.86
2 82
3.00
2.88
2.94
3.25
3.15
3.08
2.99
3.04
Aa
...do..".
3.05
3.16
3.08
3.14
3.49
3.01
3.35
3.65
3 65
3.59
A.....
......
.do.....
3.68
3.69
3.78
3.74
4.05
3.52
3.94
4.94
Baa
.
do
4.74
4.83
4.86
4.80
4.85
4.92
5.00
4. 06
4.88
By groups:
3.20
3.12
Industrials..
...do
3.09
3.05
3.43
3.25 I 3.21
3.14
3.10
3.57
3.30
3.24
3.33
3.29
Public utilities-. _
.
do
3.19
3.57 I
3.41 ! 3.38
3.70
3.35
4.46
4.33
Rails
.
_do._~~
4.37
4.23
4.51 j
4.44 ! 4.47
4.37
4.58
4.39
Standard Statistics Co., Inc.:
2.56
2.81 |
2.60
Domestic municipals (15 bonds)
do
2.69
2.54
2.44
3.29
3.08
2. 56
U. S. Treasury bonds...
do
2.30
2.32
2.25
2.65
2.60
2.46 I
2.35
2.18
2.25 !
2.38 !
'Revised.
*New series. For data on domestic issues for productive uses beginning 1921,see table 34, p. 17, of the September 1940 Survey




2.67
3. 72

2.96
3.10
3.70
5.11

3. 01
3. 57
4.80

3. 25
3. 33
4. 57
2.85
2.39

2. 85
3. 03

3. 12
3. 23
4.30
2. 54
2.28

2.49
2. 25

36

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
September
1940 Supplement to the Survey

November 1940

1939
September

1940

DecemOctober November
ber

January

February

March

April

May

June

July

August

FINANCE—Continued
SECURITY MARKETS—Continued
Stocks
Cash dividend payments and rates (Moody's):
Total annual payments at current rates (600
companies)
mil. of dol.. 1,711.42
Number of shares, adjusted.
millions. - 936.43
Dividend rate per share (weighted average)
1.83
(600 cos.). .dollars..
3.01
Banks (21 cos.)
..._
..do
1.79
Industrials (492 cos.)
..._
do
2.54
Insurance (21 cos.)
.
.
do..._
1.96
Public utilities (30 cos.)-----do
1.36
Rails (36 cos.)do
Dividend declarations (N. Y. Times):
Total
thoua.of dol— 209, 482
207, 354
Industrials and miscellaneous
_ -do
2, 128
Railroads.
do
Prices:
Average price of all listed shares (N. Y. S. E.)
Deo. 31,1924 = 100..
56.7
Dow-Jones & Co., Inc. (65stocks)
dol. per share — 44.40
131.46
Industrials (30 stocks)...
do
22.18
Public utilities (15 stocks)
do
28. 43
Rails (20 stocks)
do....
96.27
New York Times (60 stocks)
do
171. 50
Industrials (25 stocks)
.
do
21. 05
Railroads (25 stocks)
do
Standard Statistics Co., Inc.:
Combined index (420stocks)--..1926 = 100
93.7
Industrials (350 stocks)
...do
116. 5
Capital goods (107 stocks)
do
89.6
Consumer's goods (194 stocks), .-do
81.0
Public utilities (40 stocks).
do
27.0
Rails (30stocks)...
do....
Other issues:
Banks, N. Y. C. (19 stocks)
do
51.0
Fire and marine insurance (18 stocks)
87.4
1926=100Sales (Securities and*Exchange!Commission):
Total on all registered exchanges:
Market value
thous. of dol — 472, 741
Shares sold....._
.thousands.. 20,728
On New York Stock Exchange:
Market value
__thous. of dol.. 406, 925
Shares sold
.
thousands. . 16,206
Exclusive of odd lot and stopped sales
\N. Y. Times)
. . . . . . -thousands- _ 11,941
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol.. 41,492
Number of shares listed
.
millions. _ 1,453
Yields:
5.5
Common stocks (200), Moody's
percent-.
4.7
Banks (15 stocks)
.
do
5.5
Industrials (125 stocks)
do
4.4
Insurance (10 stocks)
do___,
5.8
Public utilities (25 stocks)
do....
5.5
Rails (25 stocks)
do. ._
Preferred stocks, Standard Statistics Co., Inc.:
5. 04
Industrials, high-grade (20 stocks) percent._

1, 423. 82 1, 442. 45 1, 573. 05 1, 589. 37 1, 597. 25 1,618. 60 1, 631. 30 1, 643. 66 1, 680. 36 1, 690. 37 1, 694, 82 1,713,08
935.03
935. 03 935.03
936. 43 936.43
936.43
936.43
936.43
936. 43 936. 43 936. 43 936. 43
1.52
3.01
1.42
2.39
1.95
.90

1.54
3.01
1.45
2.39
1.95
.90

1.68
3.01
1.61
2.39
1.95
1.25

1.70
3.01
1.63
2.53
1.95
1.25

1.71
3.01
1.63
2.64
1.95
1.26

1.73
3.01
1.67
2.64
1.95
1.26

1.74
3.01
1.68
2.64
1.95
1.26

193, 698 199, 969 659, 512 330, 592 231,651 338, 366 216,350
191, 364 192, 915 608, 149 311, 996 215, 588 323, 201 213.822
51, 362 18, 596 16,064
2,334
7,053
15,165
2,528

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

180,341 449, 981 239, 426 194,824 365,553
176, 637 420, 278 223, 372 182,232 347,331
12, 592 18, 222
3,704 29, 703 16,055

65.9

65.8

63.2

64.4

63.0

64.3

64.3

50.2

53.1

54.6

55.6

50.47
150. 72
24.36
31.97
110.38
195. 86
24.91

51.80
152.15
25.64
34.27
110.33
194. 82
25.84

51.01
149. 98
25.68
33.38
108. 59
192. 28
24.90

50. 01
148. 54
25.00
31.63
109.01
194. 21
23.82

49.72
147. 60
25.44
31.09
107. 40
191. 78
23.03

49.44
147. 29
24.87
30.83
107. 83
192. 67
22.98

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

42.50
125. 32
22. 22
26! 83
92,21
164.48
19.94

92.4
109.4
138. 1
98.3
84.3
29.7

95.3
112.7
141.9
101.6
86.0
32.9

94.2
110.9
137.2
102.0
87.3
31.6

91.8
107.9
133.8
100.6
86.7
29.6

92.7
108.8
132.7
102.5
88.4
29.6

91.5
107.3
130.1
102.2
87.6
28.7

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

41. 64
122 23
22. 42
26. 43
90.46
161.49
19.43
76.1
87.2
105. 9
84.2
80.1
24.4

58.7

59.9

58.7

58. 3

59.3

59.3

59.2

58.9

52.0

'48.8

51. 4

50.4

87.6

90.7

91.9

94.0

95.3

96.4

94.5

94.3

83.8

78.7

84.0

84.3

77.5
89.1
109.5
85.8
80.3
24.9

774, 470 583, 619 632, 092 1,134,339 1,438,199 560, 463 320, 860 320,913
26, 093 28, 718 51,103
69, 493 25, 451 15,191 j 14,214
31,710
1,969,582 1,044,948 723, 491 648, 942 652, 915 487, 929 527, 777 964, 608 1,242,999 487,116 264,352 ! 270,471
54, 517 20,107
24,141
19, 367 20, 568 37,599
75,192
35, 029 27, 516 23,175
10,828 i 10,420
57, 081 23, 734 19, 220 17, 769 15, 991 13,465
16, 269 26, 696 38, 969 15, 573
7,307
7,616

2,205,476 1,184,659 844,162 767,158
92,464
43, 440 35, 426 31,446

40, 706
36, 547 ' 38, 775 39, 992
1,454 | 1,454
1,447
1,450

47, 440
1,431

47, 374
1,431

45, 505
1,432

46, 468
1,435

45, 637
1,441

46,058
1,441

46, 695
1,444

46, 769
1,446

3.9
3.9
3.6
4.1
5.4

4.0
4.0
3.7
4.0
5.3
3.0

4.5
4.2
4.4
3.9
5.3
4.6

4.5
4.2
4.3
4.1
5.3
4.5

4.6
4.1
4.4
4.3
5.3
4.8

4.6
4.0
4.5
4.3
5.3
4.7

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

5.14

5.09

4.95

4.90

4.90

4.94

4.92

5.07

5.26

5.6
4. 7
4.5
5 7

5.6
4.7
5.6
4.8
5.7
5.6
5.10

Stockholders ( C o m m o n Stock)
American Tel. & Tel. Co., total
number,. 631, 343 639,019
> Foreign
do
7,003
6,451
206,
907 211,014
Pennsylvania Railroad Co., total
...do
2,742
Foreign
.
do
2,807
164, 553 168,176
U. S. Steel Corporation, total-. — .
do
2, 706
3,286
Foreign
do
26.00
27. 48
Shares held by brokers
percent of total..

632, 398
6,544
207,679
2,746
165,193
2,745
27.57

635, 286
6,674
208, 705
2,712
163, 972
3,020
28.31

636, 884
6,787
209, 346
2,752
164,822
3,191
28.03

FOREIGN TRADE
INDEXES

Exports:
Total: Value, unadjusted
1923-25=100..
Value, adjusted
.do
U. S. merchandise, unadjusted:
Quantity
_.do---Value
-.
do
Unit value
do.._.
Imports:
Total: Value, unadjusted
..do
Value, adjusted....
do
Imports for consumption, unadjusted:
Quantity
.
1923-25 = 100-.
Value.-..do
Unit value
do
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14 = 100-.
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
«• Revised.




_.

78
74

76
72

87
72

77
67

97
91

97
95

91
100

93
92

85
90

86
91

92
104

83
95

92
100

115
77
68

117
76
65

131
87
66

116
77
67

140
96
69

'137
'97
'71

130
91
70

132
'92
70

123
85
69

124
85
69

136
92
68

126
84
67

135
92
68

60
63

56
59

67
65

73
73

76
77

75
74

62
62

67
60

66
61

65
64

65
69

72
78

106
61
58

112
'62
56

116
65
56

119
67
57

127
73
58

124
73
59

99
59
60

106
65
61

105
64
61

106
64
60

109
64
59

115
68
59

114
67
59

..do

23
22

88
81

111
82

73
56

95
75

118
105

96
104

67
68

52
61

39
47

34
44

34
47

26
32

_...do
do

37
34

71
66

83
72

57
52

63
58

71
70

71
77

66
66

51
55

43
45

48
53

52
57

47
48

37

SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
Septo the sources of the data, may be found in the
tember
1940 Supplement to the Survey

1939
September

1940

Novem- DecemOctober
ber
ber

January

February

March

April

May

June

July

August

FOREIGN TRADE—Continued
VALUE
Exports, total, incl. reexports
thous. of dol..
By grand divisions and countries:
Africa
-do
Asia and Oceania
..do
Japan
...„
...do
Europe...
do
France..
do
Germany...
do
Italy
do
United Kingdom
_
do
North America, northern.
...do
Canada
._
do
North America, s o u t h e r n . „ . . . - .
..do
Mexico
.
do
South America
_________do
Argentina..
....do
Brazil
_...do
Chile
.
.do..-.
U. S. merchandise, by economic classes:
Total
thous. of dol..
Crude materials
_
.do
Cotton, unmanufactured
do
Foodstuffs, total
..do
Crude foodstuffs
do
Mfd. f oodstuffs and beverages
do...
Fruits and preparations
.do
Meats and fats
__.
...do
Wheat and
flour
...do
Semimanufactures
.do
Finished manufactures
do
Autos and parts
do
Gasoline
__do_._.
Machinery.
do
General imports, by grand divisions and countries:
Total
thous. of dol..
Africa.
._
_
do....
Asia and Oceania
.-do
Japan
do
Europe
.do
France
do
Germany,
do
Italy
.
do
United Kingdom
do
North America, northern
do
Canada
do
North America, southern
do
Mexico
.
do
South America
....do
Argentina
.
do
Brazil
do
Chile.
do....
Imports for consumption, b y economic classes:
Total
thous. of dol..
Crude materials
,_.
....do
Crude foodstuffs.
_
do
Mfd. foodstuffs and beverages...
do
Semimanufactures
___do
Finished manufactures
.
do

295, 245

288, 573

332,079

292, 582 367, 819 368, 584 346, 779 352, 272 324, 008 325, 306 350,458

317, 015 349, 928

14,094
48,404
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

8,959
50, 632
19, 347
121,301
12,132
607
4,834
60, 339
53,165
52,156
29,116
5,781
25, 401
4,942
5,997
2,020

12, 243 12, 615
59, 734
59,146
15, 364 25,188
122, 837 143, 754
89
206

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

284,041
66,847
35,661
28, 786
7,477
21, 309
9,014
4,434
4,270
58, 993
129,415
12,457
9,728
40,143

12, 545 12,325
8,997
11, 342 11,276
10, 385
10, 789 11, 727 13,944
53, 220 57,898 53, 755
62, 780 58,577 78,120 76, 061 61, 520 59,299
27,
556
28,
247
15,
271
15,193
13,
721 15,421
17,
800
23, 367 25, 243
127,690 104, 399 157, 340 172,640 165, 741 160,050 140,240 124, 527 144,813
12, 555 13,239 36, 645 38. 508 39, 277 42,034 45, 990 39, 350 47, 237
1
44
35
A
70
39
3
(«)
<U
Q
8,623
9,598 10,083
1,603
6,301
6,029
9,240
8,300
13, 822
234 77,868
50,395
58, 534 51, 890 53, 339 49,
52,924 31,485
67,143
62, 847 52,113 44,477 42, 282 43,671 49, 700 55,136 62, 738 67,679
61,715
51, 262 43,878 41,647 43,131
48, 855 54, 373 61, 877 66,796
33,102 29, 510 32,311
29,167 25, 249 27, 265 26,924
27,758 28,065
9,926
6,624
8,579
8, 700
7,522
7,472
8,394
6,536
8,046
44,
227
32, 960 38, 986
36,993
42, 328 36, 219 40, 332 44,961
38,566
8,326
6,989
9,887 10, 791 10,157
9,147
10, 770 14,759
10, 821
10,483
10,116
8,609
10,608
10, 368 10, 360 10, 384 10, 641
9,216
3,908
3,418
3,066
2,667
3,625
3,694
4,244
4,354
3,259
323,168 286, 891 357,450 359,098 338,639 344,559 316, 520 318,051 344,444
61,113
78,449
58, 318 64, 264 82,193
46, 752 40, 886 40, 277 33,589
13, 526
8,295
47, 254 30, 563 43, 741 59,884 44,283 26, 583 21.0S6
31,222
24,
342
27,
705
37, 760 22, 656
14, 965 17,758
25, 881 22,058
8,752
7,784
7,257
6,314
8,026
10,213
5,386
4,005
6,480
27, 547 17, 270 16, 558 20, 448 22, 470 17, 855 15, 744 10, 960 11,278
3,927
4,099
4,316
5,554
4,087
13, 777
5,738
1,608
2,209
2,762
5,133
7,154
6,889
3,240
4,876
4,057
2,056
1,764
3,381
1,978
2,259
3,604
3,078
3,340
1,993
5,752
1,536
64, 537 63,200 75, 661 75, 362 71,355 73, 508 65,810 74, 490 76,310
142,422 142, 716 193,183 173,838 174, 950 198, 418 187, 766 188, 319 216,787
29, 326 19, 493 21, 337 17,661
18, 900 19,870 24,826 23, 736 23,835
5,364
9,638
6,412
5,534
6,110
5,387
6,332
9,256
7,524
42, 316 38,637 48,100 44,173
45, 235 59, 726 62,864 58, 422 54,496

194, 928
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

181,461
3,341
60,511
19, 520
41,516
3, 851
1,815
2,401
10, 967
34, 233
33,125
19, 655
3,460
22, 206
3, 803
8,351
1,813

215, 281 235, 402 246, 903 241, 897 199, 775 216,732 212, 240 211,382 211,390 232, 258 220, 217
9,955
7,958
8,030
14, 849 11,901
5,229
9,033
8,052
9,209
10,481
11,322
77,883
64,197 77,695 91,005 100,107 65, 789 76,041
70, 057 72,720 86, 645 90, 795
18,915
22,196
8,760
13, 362 13, 277
20, 438 18,985
7,998
9,335
9,283
8,972
52,024 38, 039 41,160 40, 883 38, 215 35,876
32, 303 26, 566
53, 853 60, 344 57,333
5,303
7,313
4,220
4,780
5,170
1,751
655
2,994
6,313
5,351
3,222
3,383
1, 591
357
201
183
924
392
231
251
1, 557
2, 656
3,895
2,563
4,953
5,123
4,965
2,613
3,968
4,210
4,053
802
158
14, 605 13, 577 15, 719 14,191
8,945
14, 973 12, 748 12,115
15,426 20, 299 13, 280
40, 426 36,109 33,215 30,164 26, 963 26, 401 30,475 36, 917 37,802 39, 852 41,029
32,012 28,877 26, 279 26,089 29, 778 36,180 37,164
37, 976 39, 467
39,827 34,833
17, 111 20, 002 23, 270 26,957 25,993
24,585
19, 571
22, 029 15,166
25, 797 28,491
6,652
5,912
5,958
6, 986
6,733
6,402
6,330
4,379
5,352
6,889
10,330
29, 548 37, 053 38, 285 31, 570 35, 234 34, 850 29, 048 32, 344 27, 292 34, 024 30, 355
9,663
5,084
5,175
8,363
5,055
6,689
10, 819 10, 466
5,170
5,067
4,743
7,871
7,079
9,004
8,396
11,390
12, 395 10, 215
8, 067
8,122
9,282
7,579
8,583
7, 012
7,879
2,480
6, 372
3,728
6,629
4,593
4,134
6,143
3,590

196, 312
80,113
18,098
19, 026
46, 510
32, 565

199,483
67, 606
19,465
38, 412
38, 275
35,725

207,140 214,454 232, 738 234, 634 189,824 |206, 719 202,974 203,702 205,397 217,828 214,106
70T866 I 70,511
85,231
70, 500 75, 386 86, 770 95, 714 70,420 ! 77,880 78,125
88, 495
25, 665 24, 793 23,838 ! 25, 636 25,052 26,095 I 23,642 I 24, 924 21,515
24,898
27,881
23, 316 23,138 i 22, 812 24, 539 27,215 ! 31,275
22, 567 20, 588
27, 722 21, 777 29,786
45, 416 48, 614 55, 619 53, 732 42,860 I 46, 596 42, 447 43,337 I 45,146 j 45, 414 50, 342
37,079 29,567 ! 33,794 32,810 36,189
34,823 ''39, 091 33,166
38, 604 40, 795 34,898

C)
16
309
108,368 125,
800
64, 486 71,
70,
707
63,494 27,888
24,163
7,198
7,110 34,137
34,139
10,170
10, 650
7,522
7,205
3,543
3,110
312, 337 341, 924
31, 987 24,161
3,640
7,861
20, 407 19,170
7,706
5,819
12, 701 13,351
1, 538
2,386
3,151
1,710
2,593
2,237
75, 545 96, 863
184, 398 201, 730
13, 964 15, 645
3, 966
4,365
48, 292 56, 813

I

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
Operating income

thous. of dol
...do-.

9,696 I
62 j

9,525
76

11,007
74

7.8585 j 7.8585
810,731 784,590
59,309 ! 57,174

7.8336
825,903
60,649

9,560
74

9,281
76

9,586
84

9,588
75

9,837
61

7.8336 | 7.8336
811,787 ! 767,688
58,950 ! 56,545

7.8253
823,167
59, 974

7. 8253
798,945
57,872

7.8253
813, 615
59,139

9,167
80

Local Transit Lines
Fares, average, cash ratef
Passengers carried!
Operating revenues

cents.thousands..
thous. of dol._

Class I Steam Railways

9,528
71

!

9,415
77

j

7.8585
740,887
54, 561

7. 8253
755,312
55, 935

7.8253
724, 709
53, 574

7. 8253
726, 760

i

!
Freight-carloadings (Federal Reserve):
86
72
Combined index, unadjusted...1923-25 = 100._
83 |
68
67
67
75
85
73 |
71
83
95
87 |
63
69
Coal
do
89
79 I
67
70
80
70
94
100 i
106
62
85
Coke
do
78
95 !
101
70
89
88
88
73
56
50
i
44
48
Forest products
...do
49
44
41
47
46
52 I
51
43
44
89
83 i
70
73
Grains and grain products...
.do
99
75 I
66
87 !
110
89
69
69
54
34
31
Livestock
do
57
34
31
38
33
31
50
39
38
62
64
60
60
65
60
60
01
Merchandise, 1. c. 1
do_.._
68
65
64
60
42
185
149
134
Ore
....do
182
178
26 !
170
29
25
160
105
76
94
92
80
Miscellaneous
do
82
83
71 1
85
74
97
91
81
70
77
77
72
Combined index, adjusted
do
75
7(5
73
75
78
78
80
82
75
80
85
78
83
85
68 !
81
Coal
—_do-_._
80
71
83
87
73
99
82
73
65
91
Coke-....___._do.-_.
70
105
92
90
95
100
.08
43
51
45
45
44
45
Forest products
do
43
46
51
51
47
50
49
79
79
88
74
75 I
74
Grains and grain products...
do
75
80
74
87
88
87
73
37
42
45
38
40 I
38
Livestock _____
_
do
39
35
41
40
39
44
38
59
61
63
60
61 j
60
61
Merchandise, 1. c. 1
___.do
60 I
61
62
63
62
62
102
85
96
107 !
106
96
Ore
_--.do
191
116
114
108
105 !
96
100
74
82
77
83 I
84
Miscellaneous
do____
77 i
82
• Less than $500.
fRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey. Passengers carried revised beginning 1938; see note "q" (not© ghould have
been marked with a "t") on p. 37 of the April 1940 SURVEY.




38

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940

1939
September

1940

DecemOctober November
ber

January

February

March

April

May

June

July

i August

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION-Continued
Class 1 Steam Railways— Continued
Freight-carloadings (A. A. R.):1
Total cars
thousands. _
Coal
do
Coke-do
Forest products
do
Grains and grain products.
do
Livestock
do
Merchandise, 1. c. 1
do
Ore
.
do
Miscellaneous. _
do
Freight-car surplus, total
___do
Box cars...
do
Coal cars
do
Financial operations:
Operating revenues, total
__thous. of doL.
Freight
do
Passenger
do
Operating expenses
.
_
do.__.
Taxes, joint facility and equip. rents*._do
Net railway operating income
do
Net income
do
Operating results:
Freight carried 1 mile
mil. of tons..
Revenue per ton-mile
cents..
Passengers carried 1 mile
...millions..
Financial operations, adjusted:*
Operating revenues, total
mil. of dol._
Freight.
do
Passenger
do
Railway expenses
do
Net railway operating income
..do
Net income
do

3,135
562
44
157
160
69
606

'3,102

1, 260

' 1, 237
70
33
16

d

v

rl78
-76
'623

253
1,358
68
34
15

r 99 "i

33
24
382, 603'
316,125
36, 094
260,179
48, 231
74,193

Waterway Traffic
Canals:
Cape Cod
thous. of short tons._
0)
New York State
do
648
Panama, total
thous. of long tons..
2, 304
In U. S. vessels
do
1,101
St. Lawrence..
thous. of short tons..
992
Sault St. Marie.
_
......__do
13,002
Welland....
.—
.do....
1,616
Rivers:
423
Allegheny
do
192
Mississippi (Government barges only).do
2, 585
Monongahela
do
1, 396
Ohio (Pittsburgh district)
do
Clearances, vessels in foreign trade:
Total U. S. ports
.
thous. of net tons..
Foreign
do
United States
do
Travel
Operations on scheduled airlines:
Miles
flown
thous. of miles..
Express carried
....__
pounds..
Passengers carried.
number..
Passenger-miles
flown.
thous. of miles..
Hotels:
3,35
Average sale per occupied room
dollars...
67
Rooms occupied
percent of total..
96
Restaurant sales index._____
1929=100..
Foreign travel:
I
&
U. S. citizens, arrivals.
__number__i..__
.
U. S. citizens, departures...
do
I
Emigrants
....do
Immigrants
do
Passports issued
do
I 1,913
National Parks:
497,149
Visitors
.
do
149, 214
Automobiles
do
Pullman Co.:
Revenue passenger-miles
thousands_ _
Passenger revenues.
thous. of dol._|
COMMUNICATIONS
I
Telephone carriers:
Operating revenues
thous. of doL.j
Station revenues. _
. . . do
I
Tolls, message._.
_____do
Operating expenses
do
Net operating income
do
Phones in service, end of month..thousands..
Telegraph and cable carriers:!
Operating revenues, totalf
thous. of dol._
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations....thous. of doL.
Cable carriers
,_._..do....
Operating expenses f
....do
Operating income | --...do
Net income f
do
Radiotelegraph carriers, operating revenues
thous. of doL.
f

3,375
676
46
152
165
84

'37
••138

3,040
601
47
142
148
67
616
182
1,236
108
47
35

3,262
671
59
155
171
63
716
55
1,371
160
58
69

2,555
643
50
115
117
50
554
38
989
126
59
36

2,487
571
43
121
123
43
571
39
974
178
69
75

3,123
624
45
160
163
53
741
51
1,284
188
70
85

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

419,717 368, 027 345, 247 345, 498 313,475 327, 009 321, 439 343, 362 344,813
355,104 310, 434 276, 272 283,107 257, 630 266, 721 265, 246 284, 634 280, 660
33, 262 29, 956 29, 742 35, 936
33, 367 29, 289 37,816
36, 079 31,945
271, 538 256, 170 249, 013 257, 341 240, 519 248, 594 245, 818 252, 803 252, 462
46, 563 41,511
41, 799 43, 483 44, 932
35, 281 42,591
40, 338 41,681
101,616
70, 346 60, 953 45, 567 d 32, 618 36, 734 33, 822 47, 077 47,419
56, 521 33, 004 36, 622
7,050
2,927
10, 761 <* 4, 955 <* 9, 261 3,843

381.118
314,400
37,146
251,167
'43,421
r
86, 530
41, 078

2,826
3,718
474 ]
657
41 !
54
127 !
186
208
203 !
62
41 j
755
570 |
347
275 j
1,095 ! 1. 449
104
133 |
51
57 I
30
47
!
366, 078 381, 427
300, 658 310,645
37, 732 40, 974
261,999 207, 505
47, 907
46,974
r
57,104 66,015
16, 042 21. 725

36,115
.941
2,097

40, 066
.951
1,866

35,131
.953
1,591

31, 460
.961
2,020

32, 502
.952
1,932

29, 655
.947
1,709

31,116
.944
1,803

29, 903
.964
1,691

33, 086
.927
1,699

32, 908
.930
2,060

360.9
296.9
35.5
290. 5
70.5
26.2

377.6
313.8
34.8
306.6
71.0
27.1

369.1
307.4
32.6
303.6
65.5
23.8

359. 8
296.6
34.7
295. 4
64.4
21.3

357.6
294.1
34.8
301.3
56.3
15.3

339.2
278.3
33.9
290.3
48.9
8.4

328.7
265.9
35.6
289. 9
38.8

328.3
269.9
32.4
289.0
39.3

341.8
281.4
32.5
290.4
51.3
9.5

359.8
297.2
34.8
299.5
60.2
18.4

356.3
293.8 i
33.8
302.7 ;
53.6 I

364. 8
298. 4
36.7
307.6

434
615
2,446
1, 034
1, 216
11,493
1,564

513
717
2,386
1,037
1, 215
12, 353
1,748

485
709
2,473
1, 031
1,073
10, 438
1, 535

661
0
2,461
1,047
33
953
404

566
0
2,338
1,066
0
0
0

434
0
2,124
1,022
0
0
0

631
0
2,279
1,073
0
0
0

572
0
2,081
1,042
268
1,278
449

0)

0)

279
150
2,077
1, 355

320
181
2,457
1,443

303
192
2,494
1,427

214
128
2, 658
1,443

83
1,281
315

125
79
1,615
836

207
158
2,288
1,135

6,306
4,537
1,769

5,974
4,285
1, 689

6,071
4,196
1,875

4, 536
3,215
1,321

4,356
3,034
1,322

4, 250
3,014
1,237

4, 597
3,198
1,399

3.35
64
89

3.39
67
93

3.29
54
90

10. 129 j 11,565
7,984 ! 7,099
1, 607
1, 714
7. 673
5,861
1, 641
1, 663

3.21
66
92
13, 367
15, 785
1,530
3,876
2,527

83, 966
27, 081

63, 486
19, 740

68. 774
19, 470

736,325 696,186 562,047
4, 467
3,704
4, 679

675,284
4,367

40, 295
26, 656
2,301
5, 5IS
1,843

19,700
10,033
1,996
5, 492
1,759

•437, 415 247,149
129, 548 74, 366

103,843
65, 696
29, 361
67, 210
22, 386
18, 263

3.44
61
96

105, 520 103, 403 j 105, 125
68, 453 68,394
69,026
28,318
26, 265 27,188
69,157
70, 052 70,568
22, 240 19,406
20, 119
18, 357 18, 447 18, 537

12, 495
11,079

11,087
9,995

900
1,417
9, 675
2,072
1,311

684
1,092
9,308
1, 094
230

1,622 |
l

10, 313
9, 324

610
989
9,210
424
d
432

1,263 1,152

0)

0)

647
1,789
898
1,055
13,455
1,913
469
204
2,687
1,552

779
2,285
1, 075
1.123
13,842
1,832

302
164
1,984
1,208

665
2,319
1,358
1,057
12, 250
2,051
475
246
2,603
1,560

4,759
3,078
1,680

5,845
3,751
2,094

6,335
4,230
2,105

8,332
7,930
6,673
697, 385 894, 581 871,317
139,816 195,062 224,852
88,062
58,937
3.40
3.18
3.25
66
65
66
104
89
91

7,626
7,733 ! 7,271
7,442
7,408
981, 462 948, 501 844.413 1,038,278 j 817,633
192, 544 194,216 171,557 175,263 150,102
75, 800 77, 468 67, 031 71,530 I 61,355

21,049
14, 125
1, 248
7, 025
1,870 j
77,122
21,189

22, 822
25,113
1,459
6, 373
2,070

16,067
16,410
1,192
6,923
2,109

117,430
32, 967

124, 864
38, 580

795, 095 671, 769
5,254
4,558

735,316 635, 802
4,170
4, 871

106.144 102, 999
70, 023 68, 674
27, 322 25,512
70, 329 67, 868
20,973
20, 365
18, 710 18,802 j

106, 094
69, 716
27, 573
69, 675
21,172
18, 896

11, 925
10, 822

10, 445
9,451

658
1,103
10,008
1, 212
331

599
994
9,408
332
<*460

1, 258 j

|

566
926
i 8,892
j
443
|

1, 109

1,028

399
198
2,681
.71 I
1,474

36, 398

625
2,418
1, 202
1. 008
13,713
1,820
501
-•212
2, 679
1,412

P 6 , 3 4 0 ! J>6,331

r> 4, 241 i v 4, 307
v 2, 099 l v 2, 024

9,549
10,121 I 10,223
9,267
941,810 981, 884 1,056,999 1,201,999
258, 451 286, 272 296,539 • 320.990
100,044 110,840 112, 377 121, 602
3.10
66
108

3.27
62
95

12,905
11,948
1,310
6,186
2,604

16, 603
8,688
993
4,125
2,926

3.19
60
88

3.39
64
100

17,254 I 15.092
12, 354 { 10. 900
1, 189
1. 110
4,298 4.812
2,848 j 2,435

259, 368 539, 769 927,757 933,7.83
77,869 166, 667 257,109 ' 258,128
570,836 685, 427 702,186 718,140
4,277
4, 749
4,263 ! 4, 402

107,155 I108,603
70, 469 71,007
27, 859 28, 693
69, 842 71,950
22, 135 21, 391
18, 992 19, 089

106, 063
69, 741
27,424
68, 995
18,404
19,108

106,593 :
68,972
28,636
71, 850
19,204
19,137

107. 350
03, 749
29, 722
70, SS5
20, 500
19, 211

10,773
9,906

10, 909
10,1SS

543
807
9, 873
204
d
293

434
7S1
9, 783
443

1,149

1, 033

11,586
10, 565

591
936
9,554
626
123

10, 661
9,687
594
973
9,321
641
145

661
1,022
9,816
1,035
397

11,116
10,198
569
918
9, 621
759
466

1,072

1,116

1,239

1,177

10,020 j 10, 868
9,094 I 9,932

33,713
.963
2,244

Revised.
Deficit.
Preliminar?/.
Data temporarily discontinued by reporting source.
KData for August and December 1939, March, June, and August, 1940 are for 5 weeks; other months, 4 weeks.
*New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16, of the September 1940 issue. The new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data may be obtained
by deducting operating expenses and net railway operating income from operating revenues.
fRevised to exclude data for radiotelegraph carriers; for revised data beginning 1934, see table 48, p. 16 of this issue.



November 1940

39

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

1940

1939
September

October i

Novem- December
ber

January

February

April

March

May

June

July

August

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
14,157
Consumption
. . . ..thous. of wine gal.
13,694
Production. __
.
„
do...
2,445
Stocks, end of month...
_.
....do...
Alcohol, ethyl:
21, 559
Production-.
.
thous. of proof gal.
Stocks, warehoused, end of month......do...
18, 480
Withdrawn for denaturing..
.do...
24, 218
Withdrawn, tax paid—....
do...
2, 045
Methanol:
Exports, refined
.__.._.gallons - 198,332
.34
Price, refined,wholesale (N. Y.).dol. per galProduction:
Crude (wood distilled).-.----thous. of gaL
Synthetic...
do._.
Explosives, shipments
thous. of lb. 37,180
Sulphur production (quarterly):
Louisiana
.
.
Jong tons. 137, 445
Texas
do...
Sulphuric acid (fertilizer manufacturers):
Consumed in production of fertilizer
short tons.
Price, wholesale, 66°, at works
16. 50
dol. per short ton.
Production..
.
short tons.
Purchases:
From fertilizer manufacturers
...do._.
From others
..
do...
Shipments:
To fertilizer manufacturers
__.do._.
To others.
._.
..do...
Stocks, end of month
___do...

12,848
12,625
1,776

15,453
1.5,181
1,496

13,068
13, 060
1,479

11,434
11,158
1,173

10,147
10, 398
1,417

8, 505
8,460
1,386

9,524
1,392

9,793
9,994
1,591

10,037
10,037
1,586

9,625
9,706
1,662

9,497
10, 443
2,605

11,195
11,510
2,919

18,104
25,913
22, 315
2,187

20,965
17,974
26,033
2,248

21, 787
14,168
22,944
2,282

22,080
14,614
19, 524
1,729

20, 656
15,279
18, 386
1,504

20. 381
18,773
14,697
1,640

20, 983
20,677
16, 730
2,012

20, 218
20,957
17,611
2,035

20,953
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

28, 337 263, 588
.36
.36

123,995
.36

368,248

369, 290 228, 357 326,149
.36
.36
.36

35, 725
.34

21,932
.34

53, 341
.34

74,295
.34

228, 961
.34

463
4,158
40,612

480
4,612
35, 477

434
4.184
30, 580

507
3, 463
30,189

442
3,486
32, 204

437
3,41)9
34, 475

426
3,426
32, 877

390
3,852
33,340

408
3, 788
35, 036

405
2, 640
35, 933

447
3, 782
31,035

126,650
530,047

106,795
372, 655

149,995
525,157

121, 820
546, 558
140,272

143, 742 137, 321

134, 050 153,215

! 16.50 16. 50
16.50
16.50
16.50
16.50
16.50
| 205,024 208,461 219, 838 235,023 212, 719 196, 290 192,846
| 31,774
37, 562 32, 885 26, 699 19, 724 19, 383 11,991
32, 784 36, 889 26, 826 23, 685 23, 416 27,618
| 40,049

16.50
16.50
191, 643 176, 846

16. 50
16.50
180,553 194,664

134,287 ; 175,338
16.50
153,897
30,040
33,590
37,574
44,089
74,113

457
3, 453
34, 690

176, 860 172,332

I 42,835
j 57,410
i 75,377

44,979
58, 318
74,027

182,160

47, 623
59, 870
83,814

39, 636
58, 335
92, 040

158, 592 149,303

40,300
55, 650
93,132

34, 685
55, 002
93, 231

32, 533
58,061
94,820

15, 692
27, 330

18,013
36, 029

24,133
32, 517

30, 782
31,476

37, 371
59, 090
89, 282

34, 534
57, 344
90, 971

44, 063
55, 433
94, 628

45, 680
60, 923
91, 732

FERTILIZERS
Consumption, Southern States
142
thous. of short t o n s .
"154 !
190
Exports, total
.
..long tons.. 144, 348 123,792 |112, 699
29, 729
Nitrogenous
.....
do
27,157 j 18, 974
76,904 i 78, 418
Phosphate materials..
_____ _do._._ 100, 713
536
Prepared fertilizers
..
do....
697 i 1,921
71,038
88,276 !110,046
Imports, total
._
_.
_.
do
71,447 ! 91,431
Nitrogenous, total
____.do . . . 61,456
37, 610
10,445 \ 42, 204
Nitrate of soda
. ._.__do
364
392 j 2,549
Phosphates
...
do
7,787
15,877 I 14, 571
Potash
.
..
do
Price, wholesale, nitrate of soda, 95 percent
1. 450
1.450 1.450
(N. Y.)
.
.....
dol. per ewt._
54, 762
72, 622
Potash deliveries
.
short tons.. 48,018
Superphosphate (bulk):
305,538 ! 406,809
Production
.
do....
Shipments to consumers
...do
109.223 ! 67.143
Stocks, end of month..__.____._
....do
1,012,067 1,122,492
NAVAL STORES
Rosin, gum:
Price, wholesale " H " (Savannah), bulkf
1.61
dol. per 100 1b...
Receipts, net, 3 ports
bbl. (500 lb.)._ 40,190
522, 181
Stocks, 3 ports, end of month
do.
Turpentine, gum, spirits of:
.37
Price, wholesale (Savannah)
dol. per gaL.
Receipts, net, 3 ports
...bbl. (50 gal.) 9, 762
51,053
Stocks, 3 ports, end of month..
do.

1.450

62, 635

1.450
54,944

1. 450
10,106

1.450
5,412

1.450
3, 511

1.450
4,711

122
72
61
90, 061 122, 837 178, 474
15, 379 21,021
30, 321
66, 619 86, 672 128, 907
372
630
881
99, 002 117, 250 89, 891
83, 707 109,618 75, 542
62, 598 82, 342 52, 703
3,386
3,136
9
10, 349
8,829
7,441
1.450
23, 363

1.450
35,817

1. 450
34,534

417, 410 405,199 430, 820 358, 758 351,009 338, 482 339, 736 327,169 323,567 361,387
27, 584 45, 389
52,741 158, 717 221, 376 133, 372 61,120
19, 225 24,368 30,335
1,228,028 1,233,297 1,256,690 11,250,521 1,115,331 834,900 906, 650 945, 712 1,010,04 7 1,091,183

.26 I .27
16,369 I 14,605
101,111
93,317

OILS, FATS, AND BYPRODUCTS




1.450
70,952

2.36 I 2.34
2.25
2.31
2.30
60,289 ! 54,574
43, 736 51, 032 11,630
679,127 j 630, 926 643, 443 642, 234 605, 046

Animal Fats arid Byproducts and Fish
Oils (Quarterly)
i
Animal fats:
!
Consumption, factory
thous. of lb-.j 235,774 249, 278
Prod net ion
...
. do. _.. I 508, 543 480, 251
Stocks, end of quarter
do I 557, 921 318,616
Greases:
j
Consumption, factory
..do
j 82, 409
54, 123
Production
,
do.___' 104.520
93, 624
121,217
Stocks, end of quarter
do
52, 833
Shortenings and compounds:
Production
.
d o . . . . 296,179 405, 331
48,144
Stocks, end of quarter
.....do
36, 539
Fish oils:
67, 981
Consumption, factory
.._____do ____ 43,958
Production
d o . . . . 42. 816
81,556
174,462
Stocks, end of quarter
.
do
221, 392
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory (quarterly)
622
mil. of Ib..
710
Exports
thous. of 1b_. 9, 680
7,908
Im ports, total
do
57, 977
51, 620
Paint oils
.
do
2, 745
11, 277
All other vegetable oils
do
55, 232
40, 343
Production (quarterly).
mil. of lb__
540
583
Stocks, end of quarter:
Crude
...do....
737
660
Refined
._._„__.
do
452
521
' Revised.
f Revised series. Data prior to July 1940 on prices of gum rosin

of the SURVEY.

329
1,536
1,125
379
675
108
187
79, 270 70, 905 56, 602 53,398 60, 332 65, 798 108, 207
20, 485
18, 629 27,164 28,902
14, 847 20,053
7,538
43,474 27, 099 19, 717 43,311
80,484
43,167
55,009
722
544
489
748
486
278
800
109, 670 126,952 146,012 140, 544 178, 782 144,702 146, 797
73, 792 135,839 118,515 97, 020
101, 335 106, 510 103,281
66, 407 59, 518 56, 627 26, 506 86,039 89, 679 79, 299
705
476
600
1,228
2,799
693
406
4,214
19, 553 30,197
18,161
65, 486 40,094
41,793

.26
10,945
98,986

.27
10, 202
94, 677

.30
1,487
76, 664

2.35
6,764
570, 403

2.38
7,710
544, 281

.33
611
66, 532

.37
1,202
58, 369

1.42
1.69
1. 96 | 1. 76
2.13
46. 132 48, 389
26, 679 37,792 ! 43,411
522,133 516, 741 529, 416 519, 556 524, 212
.35
6, 584
51, 215

.34
9,429
50, 704

.32
11,302
53, 345

.33
12,340
54, 488

.34
11,496
55, 809

10, 245
96, 629
19, 533
77, 096

11,695
74, 854
10,839
64, 015

I

24, 745
64, 593
12, 402
52,191

16, 022
81, 674
6,943
74, 731

256, 378
629, 499
417, 673

229,509
688, 427
560, 537

231, 581
610, 030
633, 821

61,061
107, 304
60, 375

85, 454
112,203
110,851

89, 978
109, 979
122, 330

330, 816
5Q, 621

273,119
57,250

287, 998

80, 026
129,743 j
245,150 |

63,129 !
34, 015
203,521

47, 402
5,843
166, 507

1,019
17, 436 10, 499
80, 975 80, 711
16, 733 20, 527
64,242 | 60,183
1,069 |
784 !
654 |

12, 091
66, 579
7,580
58, 999

914
15, 057
67,011
9,107
57,904
910
861 i
754 |

9,178
66, 051
1,388
64, 663

71,149
11, 944
59, 205

756
8,648
78, 214
15, 791
62, 424
558
713
684

converted from price per barrel of 280 pounds gross (conversion factor 2.324) published in previous issues

40

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
September

November 1940

1939
September

1940

DecemOctober November
ber

January

February

March

May

June

July

18, 932

27, 606

70, 217
17, 454
46, 933

19,137

20, 578-

3,084
34, 977

2,527
18,150

1,261
36, 659

1,180
26, 286

April

August

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Con.
Copra:
Consumption, factory (quarterly).short tons.
Imports
....do
Stocks, end of quarter
-_..-..-do..Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
, ..thous. of lb_.
Refined (quarterly)
_
...do....
In oleomargarine
.
. _. _do
Imports
._...__
..do
Production (quarterly):
Crude
.
do
Refined
_._
_
...._....do
Stocks, end of quarter:
Crude_.
-do
Refined..
....
do
Cottonseed:
Consumption (crush). _.thous. of short tons..
Receipts at mills
. .
do....
Stocks at mills, end of month
do
Cottonseed cake and meal:
E xports.
.
short tons..
Production
do....
Stocks at mills, end of month.. _.
do
Cottonseed oil, crude:
Production
thous. of lb__
Stocks, end of month
__.__
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do....
In oleomargarine
do....
Price, wholesale, summer, yellow, prime
(N. Y . ) . . . . . . .
dol. per l b Production
....
thous. of lb._
Stocks, end of month
..........do..—
Flaxseed:
Imports
____.._.thous. of b u . .
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 est.)
....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 3b-.
Production (quarterly)
....thous. of lb__
Shipments from Minneapolis...
....do
Stocks at factory, end of quarter. _
do
Oleomargarine:
Consumption (tax-paid withdrawals)._.do
Price, wholesale, standard, uncolored (Chicago)
.
dol. per lb-.
Production
..thous. of l b . .
Vegetable shortenings:
Price, wholesale, tierces (Chi.)...dol. per lb._

55, 240
28, 658
35,084

57,579
11,980
29,293

49, 239
7,533
13, 808

148, 245
56, 248
21, 684

141, 949
52, 360
3,113
10, 988

73,038
75,920

61,949
69, 627

69, 478
73, 725

98, 519
70,920

87, 781
69, 451

209, 674
13,772

197, 491
11,443

178, 383
11,881

196, 940
13, 407

202, 239
15,083

353
599
333

'520
' 1, 132
»" 811

17, 222

31, 790

2,167
17, 774

2,154
34, 744

-•715
' 1,187
' 1, 283

••642
r 651
' 1, 293

150, 528
58, 424
1,972
26, 686

' 505
r

-•378
1,165

48,863

22, 449

2,051
34, 899

1,841
26, 240

'525
'158
'798

78, 834
35, 633
45, 756
149, 761
55, 986
2,464
34, 266

'424
' 146
'521

' 293
'89
'317

' 173
'28
' 172

146,156
58, 492
1,575
26, 729

77'
125
86

'57
'23
'63

' 101
'26
'97

40
155, 320
95, 884

1,318
230,404
123,222

2, 335
321,458
198,853

•288,224
•206,503

343
226,764
219,412

216
236, 596
217,083

141
196,194
•200,275

112
135,993
175,093

116
' 83, 402
151,995

52
31
' 47, 227 ' 26,165
129,173 '110,909

' 19, 566
' 79, 501

140
36, 303
57, 539

110, 592
80, 274

161,163
109,931

221,898
'157,201

•200,675
'184, 433

159,229
•181,801

167,475
'202, 274

138,692
'201, 407

' 98, 075
186, 292

' 61, 574
"142, 833

' 36, 438
' 98,843

' 19, 396
' 66,134

'14,123
" 37, 352

23,158
24, 267

312,007

356, 294
9,034

8,689

9,701

8,779

10, 077

10, 200

278, 034
9,021

8,188

8,468

316,196
7,392

8,526

8,275

.071
.068
' 94,120 164,685
•411,093 "432, 530

.065
164,396
'490,350

.069
155, 781
553, 702

.069
141,503
r
588, 641

.069
.067
•125,824 '114,712
'628, 632 "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

1,403

318,455

24

452

875

682

623

1,058

1,763

1,972

1,199

1,434

521

661

628

5, 813
347
7,073

2,709
648
5,456

679
367
5,154

318
428
4,059

269
104
3,616

153
130
2,720

139
119
2,151

127
88
1,751

176
132
1,237

209
172
701

161
123
519

42
38
248

7, 307
1,180
2,816

2,293
1,691
1, 935

2,032
1,170
1,521

1,360
1,109

541
566

145
1,178
51

2
12
31

2
1
32

56
0

170
180

53
0
130

63
183
10

1,566
244
1,333

6, 943
7,038
1.48
i 30, 629

6,814
6,384
1.75

2.18

2.14

7,892
3,356
2.08

2.11

1.97

6,637
3,148
1.78

1.58

159
29, 440

40, 600
23, 280

14, 529
19, 720

18, 453
21, 440

50,068
14, 200

35, 688
14, 960

66, 237
15, 280

21, 538
13,760

1,926
10, 440

56
18, 560

101,652
.084
135,389
16, 600
115,135

.099
134, 326
14, 700
112, 629

.102

15,666

27, 918

23, 676

27, 719

25, 737

29, 409

28, 474

.124
28,105
.104

.123
23, 785
.104

.128
27, 886

.120
25, 587

.120
29, 354

.120
29, 477

233
40

213
34
153
206

34, 540
24, 995
10, 976
14, 020
9, 544

1.84
30, 914
21, 480
.098

8

8,736
4,866
2.07
20, 330
52. 765
21, 320

88, 287
.102
166,150
8,820
142, 457

.107

~i6,"380'

85, 526
.106
150,197
"16"800" 12, 960
172,800
.102

.108

98,977
.099
128,383
14,450
132,881

.105

" 13," 020"

~I4~666~

26,828

27,580

24,123

.120
26,641

.120
27, 408

.120 '
24, 676
.098

.095

.092

1,021
22, 7tX)
.087

" 14," 350

14," 550

19, 495

22, 066

22, 498

.120
19, 852

.120
22, 021

.118
21,664

l

. 115
.090

.099

.095

.093

247
43

193
47

202
49

242
413

207
316

199
251

183
295

36,206
26, 552
10, 972
15, 580
9,654

41, 722
29, 744
11,051
18, 693
11, 978

36, 271
25, 828
9,776
16, 052
10, 443

34, 056
24,278
9,895
14, 383
9,779

34.991
24, 973
10, 619
14,354
10,018

212
1,090
925

174
852
848

171
800
926

212
770
850

168
899
955

168
890
970

12
550
589

18
558
490

10
702

634
562

8
505
408

773
784

.100

.100

203
32

205
34

186
42

215
54

272 i

302
56

159
277

140
252

133
264

186
320

234
382

29, 396
21, 772
10, 234
11,538
7,624

25, 934
19, 333
9,409
9,924
6,602

27, 665
20, 456
9,991
10, 465
7,210

25, 536
18, 806
8,920
9,887
6,729

30, 370
22, 610
10,080
12, 531
7,759

311
1,315
1,232

346
1,361
1,244

271
1,089
1,199

271
1,239
1,081

186
1,016
918

14
713
684

10
725
793

14
987
1,030

9
857
751

7
637
655

PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
....thous. of dol..
Plastic paints
do
Cold-water paints:
In dry form,.
....do
In paste form
........do....
Paint, varnish, lacquer, and fillers:
Total
...do
Classified, total
......do....
Industrial
..__._..__
...do
Trade
_.do
Unclassified...
._
_..do.._.

213
50
193
311
33, 937
24. 101
10,502
13,599
9, 836

171
289
36, 960
25, 515
10, 420
15, 095
11,445

179
270

CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
280
Consumption
thous. of lb__
328
1,093
1,164
Production
... do....
1,156
Shipmentso"
_.
do....
Cellulose-acetate sheets, rods, and tubes:
8
7
Consumption
,thous. of lb_.
826
Production
-do
706
Shipmen tscf
___
do
755
677
Moulding composition:
1,709
1,312
Production
.
____do
1, 501
1,153
Shipments!
__
do
l
2
' Revised.
October 1 estimate.
December 1 estimate,
concludes consumption in reporting company plants.
§Excludes consumption in reporting company plants.




1,410
1,333

1,199
1,119

1,183
1,135

1,177
1.024

972
878

1,104
1,022

!
951 I
904 I

893
837

871
682

897

1,423
1, 342

41

SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
Septo the sources of the data, may be found in the
tember
1940 Supplement to the Survey

1939
September

1940

DecemOctober November
! ber

January

February

March

!

April • May

June

j July

j Angus

CHEMICALS AND ALLIED PRODUCTS— Continued
ROOFING
Asphalt prepared roofing, shipments:
Total
thous., of squares - - j.
Grit roll
.....do
\.
Shingles (all types)
do J.
Smooth roll
do j .

3,867
1,125
1,289
1, 453

4,611
1,291
1,520
1,800

2,486
632
810
1,044

i
!
I
i

1,546
408
447
691

1,137 :
314 !
285 '
538

2, 105
488
625* \
992

2,068 :
490 I
670 !
908 I

2,707 j
734
1,076 I
897

2, 924
761
1, 184
980

2,286 I
921 •
776

2,982 j
827 I
1,166 |.
989 L

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total
.
mil. of kw.-hr.__! 11,997
By source:
!
Fuel
.
.
. . _. _ .do
| 8,125
Water power
do j 3,872
By type of producer:
\
Privately and municipally owned electric ;
utilities
mil. of kw.-hr_.j 10,678
Other producers
do._ _. i 1,319
Sales to ultimate customers, totalf (Edison >
Electric Institute)
mil. of kw.-hr__j.
Residential or domestic
do L
Rural (distinct rural rates)
do
!_
Commercial and industrial:
|
Small light and power
do L
Large light and power
do__--j_
Street and highway lighting
do j_
Other public authorities-.
do.-.-j.
Railways and railroads
do j .
Interdepartmental
do ,_
Revenues from sales to ultimate customers! ;1
(Edison Electric Institute)
thous. of dol.. .

11,120

11,861 |

8,002 ; 8,723
3,118 | 3,138
10,213
907

11,661 ; 12,077 j 12,252
8,456 j
3,205 I

8, 891
3,187

10,895 i 10,661 ; 11,074
966 |
1,000 : 1,003

11,104 j 11,514 ; 11,193

9, 065
3, 186

7,914
3, 190

7,583
3,931

6, 645
4, 548

11,262
990 :

10,258
846

10, 557
957

10,277
916

10, 067
2,186
98
1,921 ,
4,767 :
' 208 I
235
584
68
213,096

9.495 !
2,037 !
83 !
1,833
4,541
183
232
520
66
203,265

:

:

11,609

11,485 j 12,091 J ' 1 2 , 4 5 0

7.006
4, 603

7,270
4,215

10,616 : 10, 402
992 ! 1,083

;

9,327
1,921
93

9,270
1,856 i
124 ;

9,369 !
1,787:
153

9,474
1,798

1,770 I
4,537 !
174 i
226
538
68

1, 758
4.611
' 155
221
482
63

1,742
4,799
143
215
468

1, 799
4,827

197,365 \ 194,415

i
i
!
!
i

62;

208

130
215
439
58

7,931 i r 8, 482
4, 159 j ' 3, 968
|
11,239
10,937
1,154 | r 1,211
9,610
10,09!:
1.769 |
1,828
261 i
288
1,820
4,908
136
212
444
61

|
j
|
!
i

1,915
5, 180
149

224
451
58

193,288 ! 195,746 | 195,556 ! 201,936

GASf

Manufactured gas:
Customers, total
thousands
Domestic
..
do
House heating
_... do .
Industrial and commercial
do
Sales to consumers, total
mil. of cu. it
Domestic
.
do __
House heating
do
Industrial and commercial
do_.
Revenue from sales to consumers, total
thous. of dol
D o mes t i c
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
Revenues from sales to consumers, total
thous of del
Domestic
do
Ind'l., com'l., and elec. generation do

10,075 ;
9,383 !
222
463
26, 470
16, 435
874
9,037

10,084 ,
9,377 I
245 !
452 i
29.466 !
17,152
2,389 !
9,764 ;

10,072
9,358
257
449
32, 525
15, 341
6, 951
10, 050

10. 110 • 10,040
9,328
9,384
247
266
456
450
38,521 i
35,028
17,693 ;
15,713
10,444
8,821
10,156
10, 269

28, 458
21, 720
837
5,818

30,638 !
22.467 !
1,849 !
6,215

32, 056
21, 498
3,863
6,574

33, 598
21,625
5, 136
6, 703

35,968
22,491 !
6,565 i
6, 772 ;

7,309 '
7, 436
6,777 \
6,861
530 I
573
103,626 I 118, 250
19,623 i 30, 997
85, 655
82, 593

7,479
6, 892
584
129, 923
41,519
87, 106

7, 243
6,738
503
93,712
15, 649
76, 688
26, 664
12, 359
14,105

30,855 i
14,867
15,784

38, 771
21, 072
17,457

45, 626
26, 748
18.659

10.071
9, 351
454
37,307
17, 446
10,071
9,568

10. 052
9, 334
246
460
35,873
17,167
8,522
9,971

10.025 .
9,296 ;
256 :
461 !
31,182 :
16,091 :
7,255 '
10,046 j

10,119 ! 10,134
10, 154 : 10. 175
9,383 i 9,412 ) 9,442 | 9, 461
252 1
263 i
242 i
244
458
460
459 1
458
32,075 j 29,009 ! 26,792 i 25,310
15,909
16,995 j 16, 107 ! 14, 780
5,584 : 2,205 ! 1,246 i
10,414 : 9,669 j 9,268 j 9, 463

35, 236
21,675
6. 718
6, 708

33, 728
21,182
5, 795
6,615

32,159 I
20,906 i
4,518 !
6, 598 i

31,650 ; 30,250 i 28,387 ; 27, 075
22,422 ! 21.425 : 20, 265
21,943
3, 102
1,621 I
802
' 985 i
6,122 | 5,893 • 5,911
6,493

7,442
7,435 i
6,861 i
6,873
572 !
567
149, 148 158, 466
57,402
63, 519
90, 392
93,189
56, 879
36,003 '
20,638

59, 677
38, 437
20, 938

7,459
7,480
6, 902
6,886
575
571
136, 886 121,805
49, 721
40,069
85, 604
81,049
50, 136
31.239
18, 609

7,477
6,920 i
555 ;
108,434 :
30,698 '
76,522 ;

7,443
7, 422 ] 7, 462
6,912 i 6,896 . 6,941
529 i
524 !
520
95,843 I 93,287 I 95, 559
21,403 ; 17,775 1 16, 141
73,187 i 74,355 j 77, 741

30,517
43,311 i 36,722
28, W0 I 27,910
16,372 i 14,09.3 • 13, u s
26,299 ! 21,293
16,890 s 15,226 ' 13,957
13,897 j 14,582

FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of bbL.
4. 001
Tax-paid withdrawals
do
4, 300
Stocks
_.. do.. Distilled spirits:
Production
..thous. of tax gal .
r». 70i
Tax-pawl withdrawals....
do _
». 176
Imports
. . . . tli'Uis. of proof £iL.
70
Stocks _
.. thoud. of tax ji.-il
519.017
Whisky:
Production
. .do...
(1.762
Tax- pni-1 withdrawals
_. d o . . . .
6, o5 \
Imports
... thous. of proof gal..:
6iil
Stocks .
...
thous. of tax gal.. 176. '*M)
Rectified spiriro and wines, production, total
thous. of proof cal...
l. 1M»
T

Whisky

do . . .

.',.:A)1

4, 92 ]
$, 112

4, 2J7
4, IV.

3,68'

3,478
3 23S
7\ 9.6

8 0(JI*

l i MG
l.*J.
51 1, 1

11 Off
1 1H
5 IO, 60')
7, 07 I
8, VO
100 I"6

6, r 17

1-!, 1S
1 (> )

512,3<<i
10, i

7 701
1 2**8
K 5, 01*5

1 n)2

1 {

4, >_'

3 2i'i

10 021
). "CO
82
i( ( ) 00*
2 679

4, 3SJ
3 hOO
8, 391

", 109
1,177
'), 10

13,181
8, KM)

170, ^ ' o
3 4i)2
2 S '(

", "94
5 S" {
l
»,0i8
10 6 T
10.N71
1 sJt

( 2$
' 1 1 0")
0 7))
6,« 1 )

;o8

3 isO
2 b'/l

7

(> 75
4 ^ t
Oi
" 2 ! ,i>

".10

10 30
6, H.O

61"
173 278

M

7 i A
,02
2\
<»<

JJ .

(7
177 8'
4,2V

, 116

ndie:it<-'d consumption for beverage purposes:
It, Jf)6
All spirits
..thous. of proof en!
-•11 9 i
1 > 70
30, 55)
10 2.i»
8 JTN
M 7fO
Whisky ....
......
do 12 007
8 i"<,
12 t.11
•j. o'iii
-•10 30 >
14, )Ub
7, .'4 .
5 (.71
-till wines:
Production
thous. of wine gaL
10">, Vi (
44 JOu
1,SS"
2 0» 1
Tax-paid withdrawals
do_..
6, i'«
6 2 *>
b oil
li , i_
4J1
370
I mports
.
do....
t {
136
12 J
U\ 2'4
Stocks
......do.._
139, h<) 112 721 15-J, Hn 127
Sparkling wines:
Production .
do
45
J8
31
Tax-paid withdrawals
d o . . . ::
17
34
50
25
14
101
56
18
1b
2'.;
34
20
59
24
Im ports
,
do
32
39
101
80
130
532
6(39
6K(;
597
512
506
Stocks
„___
do
•
660
576
u!9
511
556
r
Revised.
tRovised series. Data on manufactured gas revised beginning January 1938 and natural gas beginning January 1937; see tables 24 and 25
. 16 and 17, of t h e M a y 1940
;
Survey. Electric power sales and revenues from sales will bo revised beginning 1937. At present, revised data comparable with the 1940 fig
shown abiove are available
only ibr January to August 1939.




42

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1 9 4 0
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940

1939
tember

1940

| Novem-! December
ber

October

January

February

March

April

May

June

\

July

j August

FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS
Butter:
j
Consumption, apparent
thous. of lb__! 15u, 335 150,310 I 147,955 150,337
.30
Price, wholesale, 92-score ( N . Y.)..dol. per l b . . j
. 29
.28 | .29
Production, creamery (factory).thous. of l b . J 141,205 132,260 I 121,595 112,285
Receipts, 5 markets
do
! ^'). 7 5 \
Stocks, cold storage, creamery, end of m o n t h |
thous. of l b . . , 127,971
Cheese:
i
Consumption, a p p a r e n t
do
; 6"), 700
Imports
d o. _ . . j 1,531
Price, wholesale, N o . 1 Amer. ( N . Y.)
j
dol. per l b . , 1
.17
.17 | .18
Production, total (factory)
thous. of lb._ '•1.80M
58, 575 I 54,400
American whole m i l k - .
do
; 5o, ^75
Receipts, 5 markets
do
' 11. 7N>
Stocks, cold storage, end of m o n t h
do
' 14s. 010
American whole milk
do
! 127,051
Condensed a n d evaporated milk:
j
Exports:
j
Condensed (sweetened)
do
! 3, ioi?
Evaporated (unsweetened)....
_ do
i Ih.017
Prices, wholesale ( N . Y . ) :
!
Condensed (sweetened)
.-..dol. per case.-'
5 oo
Evaporated (unsweetened)
do
:
M in
Production, case goods:
]
Condensed (sweetened)
thous. of l b . . \ <\ •»
' 10
4,368
3,479 j 2,354
E vaporated (unsweetened)
do
j 195, 011 164,723 143,988 i 125,529
Stocks, manufacturers', case goods, end of ;
month:
Condensed (sweetened)
thous. of l b . _ • 9, 5^0
Evaporated ( u n s w e e t e n e d ) . - .
do
; :>^J, 515
Fluid milk:
" j
C o n s u m p t i o n in oleomargarine
do
'• . .
Price, dealers', standard grade.dol. per 1 0 0 l b . . j
2. ) s
Production (Minneapolis and St. Paul)
'•
thous. of l b - . - - - - - ;
Receipts:
Boston
thous. of q t . . ! 20. :)H
Greater N e w York
do
\
Powdered milk:
j
Exports
thous. of l b - .
79<'~;
796
823
Production
do
' 21, 7'>0
22,432
20 782
Stocks, nifrs., end of mo
do
i 1 to, «•.?,« ll!963
8,449
F R U I T S AND V E G E T A B L E S

! 152,706
j
.30

152,150
.32
126,040
53, 743

136,005 i
.30 '
125, 265
51, 276

63.909 | 61,752 I
3,698 ! 4,073
.16
53,000
39,585 i 47,620 ,
11,527 ! 11,737
74,937 ! no ™a

.18
41, 200
30,440
13,261
94, 295
75,181

86,
67,
12,
87,
73,

.15
800
780
507
555
056

82, 700
67,485 |
15, 270
114. 3G2 i 138,049
96, 143 ! 115,992 !
1, 194 ! 4. 589 |
4, 550 ; 15, 068 !

6, 157 i 6,730 i
291,203 ; 260,722 I

3, 504
3, 169
3, 619 j 225,077

j 2,228
j 135,536

5,074 i
2.25 ;

5,244 !
2. 23 I

815
37,507 |
33,572 I

492
27,870
17,946

I

Apples:
!
Production (crop estimate)
thous of b u . 4115
Shipments, carlot
no. of carloads
4,
Stocks, cold storage, end of month
8, 109
thous. of bu
Citrus fruits, carlot shipments-.no. of carloads
854
Onions, carlot shipments
do...
307
Potatoes, white*
Price, wholesale (N. Y.)
dol. per 100 lb
I 675
Production (crop estimate)
rhous. of bu * ;]89,.091.
Shipments, carlot
no. of carloads.
12, 492

4, 948
30,307 !
11.910 i
3,320 I

i

1. 981 !

2. 095 I

2. 131 |

~792 | ~18,~793~|~~2l;~S79

GRAINS AND GRAIN PRODUCTS
Exports, principal grains, incl. flour and meal
thous. of b u - .
Barley:
Exports, including m a l t
do
Prices, wholesale (Minneapolis):
No. 2, malting
...
dol. per b u
No. 3, straight
do
Production (crop estimate)
thous. of bu
Receipts, principal m a r k e t s
do
Stocks, commercial, end of mo
do
Corn:
Export?, including meal
do
Grindings. do
Prices, wholesale:
No, 3, vellow (Chicago) +
dol. per b u
No. 3, white (Chicago)
do
Weighted average, 5 markets, all grades
dol. per b u
Production (crop estimate)
thous. of bu
Receipts, principal markets
do
Shipments, principal markets
do
Stocks, commercial, end of m o .
do
Oats:
Exports, includincr oatmeal
do....
Price, wholesale, No. 3, white (Chicago)
doi. per bu__
Production (crop e s t i m a t e ) . . . . ..thous. of b u . .
Receipts, principal m a r k e t s
do
Stocks, commercial, end of mo
.do
Rice:
Exports
pockets (100 lb.)
Imports
"
. ..do
Price, wholesale, head, clean ( N e w Orleans)
*
'
dol. per lb
Production (crop estimate)
thous. of b u .

5, 789

8,372

11 281

74

709

909

. 50
42

.58
.50

.55
.50

13. 546
19, 422

8 744
20 398

1, 855
8, 094

5, 580
8 588

.54

.48

w*,o:i
S, 106
11,071
2, -172
'»! 074

.56
s 80_'
12,017
11. IS1

22,655 I
11,534 !
14,947 !
133

i

.50

.51

31, 609
13,135
27, 541

26, 723
15, 893
38, 202

162

117

. 58
52,619,137 i
21,923 !
9, 469
45, 851

.36

.35

.39

6. 261
14, 552

5, 632
13,199

.41
937,215
4, 756
12,054

217. I OS 381.765
37,528
1 \ 106

301513
8, 568

89, 926
58. 305

107,179
32, 127

. 010

.038

!

.038
3 52,305

" 13." 126 | "ll,"996
955
39!704
4o', 575
154

81

12,523
10.104

1.21S '27:
7, ('75
9, 1 11

12,611
8.125
42, 307

.42

.43

228
.43 l

4,926
7, 867

4, 751
7, 539

247, 142 ! 316, 774
19,072 I 23, 636

292, 278
40, 905

4,327 i
2.979 |

.039 !

.039 i

.039 |

11.690
9.633
34, 142
57

13,116
17.316
24,016
83

23,411
14.3*9
25,419
I
105 j

.43 I

.41

.35

4.178 i
6.204 !

3,026
4,619

1,912
3, 130

287. 517
27, 572
.038 j

2,769 !

289, 562 j 294,632 i 240,135 ! 190,209
59,860 | 43,357 I 22, 711
52, 240
,03S !

.039 !

.039

' Revised.
1
Production in commercial areas: not comparable with earlier estimates of total crop or commercial crop.
Revised estimate.
3
December 1 estimate.
4
October 1 estimate.
8
N o quotation.
JFor m o n t h l y d a t a beginning 1913, corresponding to m o n t h l y averages shown on p . 105 of the 1940 Supplement, see table 20, p . 18, of the April 1940 Survey

2




13, 2S7
8,395

. 040

SURVEY OF CURRENT IH'SJNKSS

November 1940

Monthly statistics through December 1939, to- 1 9 4 0
gether with explanatory notes and references
Septo the sources of the data, may be found in the
tember
1940 Supplement to the Survey

1939

1940

Januj October i Novem- i Decem- ! ary
tember
ber
ber

February

March j April

: May

July

June

August

FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS—Con.;
Rice—Continued.
!
Southern States (La., Tex., Ark., and Tenn.): \
Receipts, rough, at mills
I
thous. of bbl. (162 lb.)..|
970
Shipments from mills, milled rice
i
thous. of poekeis (100 lb.)
1, nl'j
Mocks, domestic, rough and cleaned (hi
irrms oi craned rice), end of month
thous. of potkf U ClOO lb.)
1. IK\
Calitornia:
Receipts, donu fetic, roii^h.. basis (1001b.)
4;>8,s47
^hipment from mills, milled rice .
do
> 370, W>
^(-'Cks. roucrh and cleaned (in terms of
(leaned rice), end of mo . baa^ (100 lb.)
100, 797
<0\'l '»r*s. including flour
thous. of bu
239
Vr.tv. whuledaK Nro 2 (Mpl-O dol. per bu
.U
Produ' lion u f rop "stimsitoi ._ . thous. of b'l i 3 37,452
!
RecfipL^, pnneip il markeis
.
- do
1, r>20
Mock?, c iinuiorcial, end of mo
. .. do
\ 520
Wheat:
hw.iMv'.r«.nro
... .
do
FA puns
flour
Wl
st only
v<, i, i ) i r k N o r t h e r n S{ r i n g
• Minneapolis)
do), per b u
N . 'J, IvO'l W i n t e r ( ^ t . L o u i s ) . .
.do
\ • J, II m l W i n t e r ( K . C > .
. do
*\ »!„!!'( d a \ . , i5 m a r k e t s , a l l g r a d e s
do
I ' r ' d ' M i n r , K i " p I ^ I . } , t o t a l - t i n . i i " . of b u
J
p n n L \v»u \t
.
.
do
W i n t i r uhe.iT
_
dJ
Si'-fini' n t 5 , j , ; uj<.ip[)l mark« 1 d<>
S*' c k s , «Mr,l \>f m - i r . t u :
' \ T a d a v< ".nw.dian v. h e i i i
do
1
-il 11 • 1 Slj,1«\>, t ' - t a l
.
'!')
oiuiii^rcul
.
do .
< "'.:iMt.-y i i i ' l l - U P i tlcNuti-r^ - .
. 'lo .
M " r o t i i n t IIMJN . .
...
.
«:>> .

1>P(
i

2,360 ;

1,375 I

679 ;

1. 146

1, 122

l,0>.* '

S57

1,706

3,02(.t

167,793
65, 521

5H.057

574. 503

. 53
3, 160
9,«o7

2,053
10,577

3,282
89,892
68,417

982

967

1,108

1,041

3,079 ,

3,017 i

2,994

919

2,890

97,273 | 154,940
:: 293,569
j 328,769
,
,
,
140,976
91,480 | 97,009 j 141,744

^45.331

458,505

1.768
10,212

844

366

283 ;

1,135

954

748 I

2, 632

2, 084

387,539
,
ii 231,879
167,697 | 196,394

37,830 j 445,605 | 455,143 | 455,525 | 358,843

88 '
.70

.67
^ 30, 21 *
2,07')
10, 510

1,295
9, 951

866
1,129

79
.67

10. 0 V*

0, 100

| 176,936

\675
. M0

4,62'»

4,173

1,"I01

1,152

.88

. ','2
.86

!, 1^5
•V»7

2. 650
' 608

3,816 !
1,430 j

6,728
3,704

i.o.:
1.04
.!'&
1. 00
-7H.O71

1.05
1.05
1.01
1. 02

1. 04
1.06

1.04
1.06
1.02
1,01

. ^6
. 90

.80

21,495

16,856

14, 9.)6

- 56 >, 4.11
13, 0s6

271 Ml

335,367

310,2"6

310,815

301, Tit 292 090

151,015

fill
111,986

(
»Ul
132^12

ll'».OvU

110, 7».l

9, '^ 1
Ml

8, 2 5 i
50^
36, 1U)

.

11,279
f»G9
51,101

.__ .
.

13,025

.

.

11.191
75. y
12. 118
S'JO. 697

9, 428
61 5
10,779
r 12.^1

.:. 500
i, 018

710

:
1

7,944
579
37, 770

6 ii", 1
4i>2
30, S4S

6.02 !
4.80 ;

u 17
...01

8 298
oh. 3

8, 929
655, 154

5.66 I
4.73

288,391
437,968
105,401
80,817
94,266
157, 484

473, 481

687 I
9,037 !

9! 142

3.686 i
1,876 :

2,976
934

15 3, ,sM)

,
•
;
i

8,659 !

7, 403

J 12\^!') .
111 2U
23>\ 9^5

5. 58
4. 20

5. 76

8, 834

1.01

160, 879

367,7

(0

1,324
9, 912

1.448

1,455 ! 1,478
10,120 | 10,138

319,168
148, 390

112
.59

90 |
.70

272
.67

206.612 '

J55, Sfi-J
137,332 _
h>, 0."s
.

M-uid .nl patent'? I'M pis.)
- dol. per bbl
4.31
"VVMIIIT, s i r a i c h t (K» us is C i l \ ;
1 do.
.1 S«
Production:
{ lour, actual (Census)
thous. of bbl _
Op-, r r ions, peiceiu of capacity
.
r;<,'ir < Russell-Pearsall) . . _ . thotis. of bbl i 10, 20 j
OlYil v<'"n^is)
-thous. of 11'
^; x ks. tola! eii'l of month iRi^seIl-Pcarsali>
thous. of bbl
fi. M o : insll, (Census) . .
.
d"

3,410

351,770
123,60;;

0
.51

7\)\^\\)
101.'JS7

j
1,11011-*. of bbl
do .
. . Jhous. ofbu

ofwln-.it

1,805 ;

3, 837
1, 833

2,239
227

1.08
1.11
1.06
1.06

1.01
1.04
.95
.97

. 69
.73

9,459 ! 18,525 I 12,780 \ 29,319 1 21,442

! 280,625
i
i 105,595
!
•
!

258,939
! 97,670 I
I...
I
I.
___j
!
i

8,338 ! 8,227
643
427
37,812 ; 37, 632
5.70 !
4.79 ,

1,835
632

4.86 I

5,778 I
428 :
38,694 j
5.32 j
4.55 !

8,514
8.269 i
8,649 I
8,025 I
8,320 l
53.7 j
55. 2
56.3 :
56.4
54.1 :
8, 454
8,581
9,603
9,243 ! 8,411
031 415 682,637 j 630,066 \ 657,156 : 656,277 | 673,073
8.119
55.0
h, ."23

257,131
297,542
87,327
33,730
90,964
85.521

i 255,175 ! 272,360
!
•
.„
! 160.150 i 180,052
i
!....'....
j
!
1
J._

5,756 ! 9,443 j 8,902
385 I
435
256
35,079 ! 38,921 I 40,474
4.64
4.19

4.48
3.84

4.17
3.71

!
8, 504
7,682
8,881
!
55.1
51.7
55. 6
!
7,872
9, 587
9. 528
| 614,992 | 681,823 705,137

f 175

6,000 I

5,700

5,300
3,998

5,100

,350

1,404 :

1, 565

1. 247

1.359

1,554

1,576 ;

5. 500
4, 193

5,200 ! 5, 450

1,462 1

1,737

LIVESTOCK
(

I

R 'Mu'Vi^Um^.tsUH I- Of n Mills.i
j

2, 175

2,117 :

2,438

1,912

1, 033
1, 083
503

1,019 I
1,074 !
546 :

1,124
1,270
743

963
973
549

833 i
572
273

997 !
548 ;
200 ;

810
I.}}

100 l b - . j
00
|

11. 50
11.47
11.53

10.23
10.08
11.09

!

9.87
10. 07
10. 78

9.03
9. 80
9.75

9.59
10.00 i
9.00 ;

9.40 !
10.44 i
11.50

9 t>"
10 :>.i
10 17

9. 'W :
li.IH

M.nals.i

2, 302

1,995

2, 458

2, 847

3, 772

2, J22

2,710 \

do . . . ;

1.692
601
36

1,458 i
534 !
39 !

1, 825
617
37

do._.J

i o( 1 <•] u J l ( r

do

j - ' o c k r w (1 I K d d
'MW".

1

Ml-,

,;':"

1

'

\

1. r,

' ( ,, t » p i l \ ( ] i i I

pO

'

,i 1 p l

" " " • " "

<•!! f (1

'

lu

iJK

c

T n

Us o f

\ '( il

( M i
h t r
1 •[,!]! u m t i
-"'< k(
in 1 !i i 1 i

I

_|

U(V_.

lu

'

%

'< s li h< \ \ v '
p
< ol pc i l i , M b . _ |
_ K i n i it 10
b u ni t )iv p c i c \ t ot l u c 1104s... i
p u (A 1 i m b s
d e c e ' p ! - r n n l p J »n n k i t s
\ls 'i^ Ot m i m a i s

0. 59

'

('•>:>

40

3,331

!

2,482 ;
849 .
46

1* 007
47

43

J.

'•;!

l i b ..
215 '

1,'»-)1

;

71'J
4'J '

936 1
631
263

858 i
594 !
216 !

9.46 I
11.22
9. 93

9. 83
10. 89
11.31 |

2, 595
1,808 !
713
43 :

974 •
508
244

1, 785

991 1
307 !

939
833
401

9.69 !
10. 33 I
9.59 i

10.44 !
11.02 '
9.85

11. 00
11.33
10.41

2,674

2,650 !

2, 259 \

2,177

2,005 i
660 :
48 \

L927 i
718 !
33 !

J, 598
049
33

1,497
077
37
(j, 23

7.54

6.97

5. 95

5.15

5.25

4. 93

5.46 !

5.00 i

5.04 i

5.99

12.0 \

13.7

12.5

10.0 \

9.7

9.1

8.7 •

8.4

8.4

7.6

9.2

9. 2

!

2, 007

1, 907

1,514 j

1,728 i

1,424

1,440 j

1,876

2,002

1,894

2, 068

1,075
1, 520
093

944
984
429

848 ;
671 !
141 !

1,046 i
828 1
156 ;

1,077 i
917 109 ;

3. 85
9. 00

4. 39
8.84

4.33 ;
8.38 :

5.10 \
9.07 ;

4.10
9.03 '

1.91

H

\ n\\
' ' i. h u r
- l p i K t i t s , l o t il
blork r nul l u d i r
. ( » - n i , , i i s < i > i a in ^ o

-

i., 523

2,625

do....!
do....;

954
1, 530
010

1,064 ,
1,564 I
613 •

lo.) lb. J
do....!

3. 83
8. 54

1,071 i
653 ;
119 !

863 :
559
84

824
620
89

5.09
8.00 ;

5.53
9. 04

!
j

1

i * s
!

9.9

ii,,ls
k(\i»od
{ e s t h i n 500 I J I I ' - I H I S .
!.>< < < m b e r 1 ( s t i n i t c .
«> t »bei 1 ( s t i i i . i t - »




d

3.59
9.07

4.00
8.00

1,687 j
915 !
779
132 '
3.84 :
10.16 i

972
921 :
214

870
1, 188
383

!

3.50
8. 75

3.45
9.14

SURVEY OF CURRENT BUSINESS

44

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940

1939

1940

Novem- DecemOctober
ber | ber

September

January

February

March ; April ! May i June

July

i August

FOODSTUFFS AND TOBACCO—Continued
MEATS
Total meats:
Consumption, apparent
mil. of lb_. 1,108
Exports
do
16
Production (inspected slaughter)
do
; 1,051
Stocks, cold storage, end of month
do
j
061
Miscellaneous meats
do
j
58
Beef and veal:
j
Consumption, apparent
thous. of lb_.| 457,303
Exports
_
do
j 1, 280
Price, wholesale, beef, fresh, native steers I
(Chicago)
dol. per lb__!
. 102
Production (inspected slaughter).thous. of lb__! 453, 073
Stocks, beef, cold storage, end of mo do
! 30,359
Lamb and mutton:
i
Consumption, apparent
do
| 57,060
Production (inspected slaughter)
do
> 57,921
Stocks, cold storage, end of month
do
j 3,412
Pork (including lard):
j
Consumption, apparent
do
I 053, 443
Exports, total
do____! 13,854
Lard
.
d o . . . . ! 9,050
Prices, wholesale:
j
Hams, smoked (Chicago)
dol. per ] b . J
. 183
Lard, in tierces:
j
Prime, contract (N. Y.).__..._.
d o . . . . ! .055
Refined (Chicago)
do
! .071
Production (inspected slaughter), total
|
thous. of lb..! 510,4V)
Lardf
d o . . . . 81.310
Stocks, cold storage, end of month
do
5f>3.3:«
Fresh and cured
.
.
do
• 3-JS, 739
Lard

.

do

POULTRY AND EGGS

j 23i..;.9!

1,169
31
1,162
452
58

1,157
37
1,285 ,
562
69

1,156
42
1,410

1,054
61
1,214
1,093
107

1,273
64
1,482
977
104

1,132
30
1,165
1,100
101

1,167
28
1,133
1,031
87

1,200
21
1,200
1,010
77

1, 144 !
19 i
1, 177 i
1,034 i

1,228
17
1,06s
' 790
07

79 j

457,231 j 438,167 ' 481,410 424,174
1,269 |
1,531 ! 1,325
1,707

425,409 ! 467,486
1,325 j 1,491

484,143
1,366

441, 163 ; 479, 493
1,323 j 1,070

.100 i .152
495, 807 ! 499,306
36, 917 | 49,242

.102
.150 !
.166
472,202 | 445,234 475, 578
67,672
76,974
78, 573

.159 !
.166
419,498 453,508
72, 560
62, 020

.170
467,179
53,193

.105 i
.170
.183
429,851 I 471,490 j 409,808
45, 972 i 42, 004 j •" 35, 603

56,791 ; 67,388 ' 56,124 j 54,871 i 57,305
67,132
J7, 555
54,677
56. 281
56. 657
4,803 ; 4,412
4, 48S
4,257
3, 580

56, 647
56, 567
3,463

651,336 !642, 696
25,356 I 23, 806
20,654 | 18,849

659,459
18,664
14,889

62,517 i 61,608
58,391
63, 030 ! 62,147
59, 088
2,965 j 3,499 | 4,187

.150
415, 207
74,708

I

560,582 !I 613,248 I 641,838
33,848 ! 25,700 ! 33,008
24,693 |! 19,091 | 25,706
.206 j

660,957 i 723,992
36, 308 ! 56,576
18,917 | 27,9S8

.185

.176

.071
.083

. 067
.078

.070
.077

600,505
r
85, 337 | 99,520
379,020 I 341,393
300,226 I 272, 655
78,794
68,738

753,588
128,419
421,227
332,272
88,955

! 906,801
i' 172,131
! 631,564
| 469,459
I 162,105

30,101 i 37,224
63,164 ! 79, 228

81,135
127, 649

.083 I
.104 !

506,340 I

r

573, 246
52,815
25,133

.066 I
.073 !

.173

.168 |

.168

.067
.072

.063 |
.070 |

.060
.072

939,102 ! 742,054
178,395 k140, 979
790,776 ' 907,293
588, 601
650, 653
202,175
256, 640

690,346
•130,199
921,510
652,733
268,777

r

480,723
1,403

52, 427 • 54, 880
52.245 i 55,019
3,254 ! 3,342

' 57, 579
57,457
r 0, 192

650,297 i 617,900
15,820 ! 31,472
12, 097 i 28, 239

0*9,594
14. 15S
10. 181

I

. 060
.070

.060 |
. 065

i 622,544 •• 675,942
I''113,315 :<r 121, 956
878,008 ; 876,512
I 611,956 1 592,575
| 266, 052 ! 283,937

•064 j
. (>;9 J
I

094. 535
595.749
•121,511 ' 103,983
905. 290
851.890
598,522
548,088
306,774 | 303,208

,000

I 541,180
I ' 90, 525
'689,854
'417, 5(14
\r 272. 290

22, 671
144, 759

77,806
32,937
167,643 I 166,962

788

619

608

803

5,430
121,471

3, 519
104 282

1,580
87, 802

532
72, 279

27, 215
.0537

28,366
.0517

17.032
. 0588
990
485

954

1,017

22,054
19,889
115,442 j 86,226
1,734 j

2,238 i

81
38,070

854 J 3,341
44,199 j 79,454

22, 951
. 0561

30,917
. 0538

14,805
11,
.0556 i .0

1,156
573
1, 225

1,384
608
1, 228

.055
949

.056
1,319

7,662
994

7, 044
944

7,251 i
1,053 i

1, 183

!,226

26, 042
76, 904

28. 212 I 20, 892
82,336 | 82,415

32. 987
•82,178

2,369

1,682 '

1,274

943

5,980
123, 793

7,513 |

784

7, 241

150,360 ! 154,947

j

Raw sugar:
Cuban stocks, end of month
thous. of Spanish tons..! 1,508
United States:
;
Meltings, 8 ports
long tons__! 308. 340
Price, wholesale, 96° centrifugal (N. Y.) \
dol. per lb_^ |
. 027
Receipts: From Hawaii and Puerto Rico I
long tons. -; 1'2"\250
Imports, total?
d o . - . J 143,034
:
From Cuba?
.
do
90,980
From Philippine Islands?
do
! 52,041

Stocks at refineries, end of month, .do
112, 105
Refined sugar (United States):
Exports....
do
; 7, 420
Price, retail, gran. (N. Y.)
dol. per lb.. > . 050
Price, wholesale, gran. (N. Y.)
do
; .043
Receipts:
:
From Hawaii and Puerto Rico long tons.. ;
1, 109
Imports, totalt
.
do
i 35,298
From Cubat
do
29,711
From Philippine Islands?
do
5.57!
Tea, imports
thous. of lb..
7. 783

13, 707
. 0610
1,632 !
917 j

2,088 I
1,317 :

1,596 !
862 !

1,095 !

1,469 I

1,500 !

.052 j
1,523 i

.053
2,058

.054
1,712

1,265 i

8, 163
930

8, 059
1,213

1,511

1,162 j
1,443 |

539
1,274

20,119
.0553

22,288 I 41,185

.0495 I

1,342 i
944 i
1,339 I

.0120
733
000
1,393 |

1,148

.053 !
972 !

.053 !

.051

997

992

703 !
571 i

1,226 j

j

;, 334
846

7,918
643

1,294 [

1,082 j

804

.052 i

624

520

.037 j

.034 |

! 137.264
! 171,326
! 105,376
! 48, 886
! 305,164

8,997 | 18,995
.064 i .060
.056 ! .052

.030

.030 |

.029

!

91,012 i 29 892
232,646 ! m i 020
204,824 ; 121,883
13,397 i 34, 055
378,089 413, 074
17,627 i 14,213
13, 409
.054 :
.052
.056 :
.046 I
. 045
.048 |

| 122,525
I 05, 147
j 29,511
I 29,104
I 365, 491

10, 726
63, 979
59,120
4.710
7, 307

3, 550
16, 045
12, 096
3,288
7,653

1,284 :
18,588 i
13,948 :
4,153 I
9,953 ;

8,499 : 15,418
03, 229 ' 13, 908
62, 175 , 13,072
915
893
11,954
11,927

23,442

24,966;

.055 ;
777 I

.053 j
760 !

6,740 I

6,029 :
1,018 ;

2, 501

289,291 j 333,186 i 339,755

376,814 ! 337, 292 ; 247, 328 ; 244,004 ' 270, 474

163,801
306,030
240,421
59, 795
280, 086

.056 I
963

.029
117,576
208,979
121,004
'1, 107
445,039

.028
I 129,878
! 211,027
i 157,045
! 49,971
, 501,547 ,

.028
156,155
207, 784
143, 329
60, 535
500,912

13,631
. 051
.044

15, 132
19, 001
.051 i .051
.044 : .044

25,
24,
22,
2,
8.

790
452
275
176
863

28, 710
35, 073
31, 278
3,794
8.056

26, 245
53, 878
45, 689
8,178
8, 630

19,338

18,210

16,212

2,260 : 2,021

02s

027
04 S'l
2/2,017
148 S t t

129,000
, 417
517,92s

28,409

24,242'

20,297

18,012

44,021

39,208 ; 38,411 . 35,848 : 32,049
0)
i 575,702 • 237,735 ' 190,787

20,160
346,185

85,5(i8

79,383

L 100
1,399
5, 701

978
h 387
5. 080

4.700
S, G00

4, 114
7,974

83,290

1,400

], 509
4, 970

84,571

1,558
1,194
335

92,431

78,503

1,811
1,531
010

o,033

6,350
8,844

1,970
1,559

28,380
25,298 i 20,344
399,199 : 198,816 : 603,249
62.622
1,924
1,571
6,385

45,592
1,949
1,618
6,716
7,515
10.2S7

34,835

3\

O"0
014

0'
.OH
',
i

13.7 V,
37 fob
'\ ">. 273

j
,

2,029
1,737
7,009

15,953

12 20s

26,603 ; T. '8°,
86,061 ; 20*. ^27
33,756

!

4" 17 3

1,688
1,711
6,9S5

1,5*7
1.022
0,9."0

.........

0.971
10,302

Revised.

o t available.
 t N
Revised series; revisions n o t shown above will appear in a s u b s e q u e n t issue.
% M o n t h l y figures beginning 1913. corresponding to t h e m o n t h l y averages shown


1U0 *H2 ] l-'i '
M. l t d
5^7 i J7 '

« 392

29, 115
45,794
38,516
7,261
4,921

1,770 : 1,050

330 779 3 M) \J*> ' 31^ > 7

351,029

MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers.-thous. of d o l . .
Fish:
Landings, fresh fish, prin. ports..thous. of l b . .
Salmon, canned, shipments
. . cases...„
Stocks, cold storage, total, 15th of m o n t h .
thous. of lb_.
Gelatin, edible:
Monthly report for 7 companies:
Production
do
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
do
Stocks
do-...
5

r

!

Cocoa:
I
Imports
.
long tons..! 24,935
Price, spot, Accra (N. Y.)
dol. per i b . J .0451
Coffee:
|
Clearances from Brazil, totaL.thous. of bags., j
804
To United States
do
i
708
Imports into United States
do
j
994
Price, wholesale, Rio No. 7 (N. Y.)
j
dol. per Ib.J
. 051
Receipts at ports, Brazil
thous. of bags-_j
549
Visible supply, total, excluding interior of :
Brazil
.
thous. of bags.-j-.
United States
d o . . . . | LOW
Sugar:
\

r

1, 152
35
1, 122 i
974 i

503,357 494,208
2,042 ; 1,540

;

Poultry:
;
Receipts, 5 markets
thous. of lb..! 34,087
Stocks, cold storage, end of month
do
\ 90,440
Eggs:
;
Receipts, 5 markets
thous. of cases.799
Stocks, cold storage, end of month:
i
Shell
thous. of cases,.' 0,039
Frozen....
.
thous. of lb.. j 130,021
TROPICAL PRODUCTS

1,132
40
1,005
478
59 !

on p . 113 of t h e 1940 S u p p l e m e n t , will a p p e a r in a s u b s e q u e n t issue.

2 "il ,

9" - " 2
~it t j t
\» T ;

45

SURVEY OF CURRENT BUSINESS

November 1940
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

1939

September

October

1940

Novem- December
ber

January

February

March \ April

j May

August

June

FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
Exports
thous. of l b . .
7,644
I m p o r t s , including scrap
do
6, 239
Production (crop estimate)
mil.oflb..
1, 269
Stocks, dealers and manufacturers, total, end
of quarter
mil. of l b . .
Domestic:
0igar leaf
do
Fire-cured a n d dark air-cured
do
Flue-cured a n d light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do_._.
C igarette to bn ceo
do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigaret tes
millions... 14,890
Large cigars
t h o u s a n d s . . 475, 725
Manufactured tobacco and snuff
]
thous. o f i b . . I 28,729
Exports, cigarettes
t h o u s a n d s . . 285,106
Prices, wholesale (list price, destination):
Cigarettes, composite price._dol. per 1,000..
5. 760
Cigars, composite price
do
4G. 056
Production, manufactured tobacco:
Total. .. _ thous. of l b . .
Fine cut chewing
do____
Plug.
do
Scrap chewing
do
j
Smoking.
.....
do
Twist
do
I

28, 532
6, 724

45, 576
6,491

30, 457
8, 425

31,260
9, 478
1, 849

1

36,687 |
6,174

20,965
6,425

15, 533
7,780

14. 360
7, 329

16,275
13.021
14,820
397,490 I 425, 140 469,313
i
29, 924
27, 550
28,481
537, 206 509,420 803,312

17,565 I 15,913
435,029 I 460,523

15,840
487,641

29, 333
27,660
604,312 i 406, 076

28, 849
639, 101

5.513 | 5.760
46.056
46.056

5. 760
46.056
25, 933
456
4, 225
3, 807
16,949
497

18,408 I 32,550
5,285
5,159

15,912
5, 790

32,616
6,770

2, 556

3,130

3,329

3,019

336
192
1,918
3

310
184
2,501
3

402
268

2, 519
3

378
215
2,290

14
93

\6
117

18
119

14,790
15,384
486,865 i 551,230

14,461 [ 12,803
14.568
505,098 331,204 j 388,085

13,163
375,824

30,361 ! 30,239 ! 28,436 j 24,057 I 26,742 | 26,857
714,576 I 433,967 I 466,966 607,719 I 616,661 j 576,914

19
112

5.513 !
46.056

5. 513
46. 056

5.513
46.056

5.513
46. 056

5.513
46. 056

5. 513
46. 056

5. 513
46. 056

5. 513
46. 056

5. 513
46. 056

26, 326
348
4,471
3, 521
17, 503
482

25, 749
373
4,370
3,827
19, 660
518

25,614
366
3,851
3,415
17,467
515

22, 152
323
3, 763
3,196
14,421
449

22, 970
330
3,484
3,591
15,165
' 399

24.049
300
4,035
3, 397
15, 836
481

24,045
335
3.806
3, 363
16,(^7
454

25,554
362
4,278
3, 507
16.949

' 26, 889
512
4,331
3, 539
18,004
503

24.167
367
4,115
3,187
16,082
416

121

9. 278
3,957

26.887
432
4,521
o 985
4C.0
489

FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports.
thous. of long tons..
Prices, composite, chestnut:
Retail
dol. per short ton._
Wholesale
do
Production
thous. of short tons.Stocks, end of month:
In producers' storage yards
do
In selected retail dealers' yards
number of days' supply..
Bituminous:
Exports
thous. of long tons..
Industrial consumption, total
thous. of short tons-.
Beehive coke ovens
.
do..__ |
Byproduct coke ovens
do
(/oment mills
do
Coal-gas retorts
do
Electric power utilities
.
do
Railways (class I)
do
Steel and rolling mills
.
do
Other industrial
..do
Other consumption:
Vessels (bunker)
thous. of long tons...
Coal mine fuel
...-thous. of short tons_.
Prices:
Retail, composite, 38 cities
dol. per short ton..
Wholesale:
Mine run, composite
do
Prepared sizes, composite do
Productiont
thous. of short tons..
Stoeks, industrial and retail dealers, end of
month, total
thous. of short tons ...
Industrial, total
do
B y product co ke o vens
do
|
Cc merit mills
.
do
!
Coal-gas retorts
do
!
Electric power utilities
do
\
Railways (class I)
do
j
Steel and rolling mills
do....I
Other industrial
do
|
Retail dealers, total
do
;

400 j
j

261

126

10.64 I.
r 4,840 j

9.031
4,919 :

9. 160
3,936 |

1, 172 |

1,219 I

1,365 !

47 j

57

1,525 |

1,746

24,980
117
5,517
503
130
4,025
6,492
766
7,430

I 29,519 j
399
I
6,400 I
j
531 !
j
138 !
j
4,501
i
7,450
i
980
i
j
9, 120

140 :
261 ;

158
315

,04 |
10.83 .
9. 156 ]
3,862 !

121

363

9. 576
3, 546

11.30
9. 584
3,773

9.388
3,746

11.04
9.333
4,367

372

128

91

137 |

506

24

37

40

149
9.501 I
5,622 I
647

58 '
510

602

1,231

2,081

1,948

30,243 I 31,031 j 33,183
28, 780
489
372 i
540
242
6,668 I
6.654 I
6, 457
5,676
425
493
308 I
246
146 |
140
155 I
141
4,683 |
4,902 I
4,406
4,217
7,461
7,322 I
8,436 j
7, 328
1. 029
1,055 !
1, 106 I
900
9,830 | 30? 130
11,250
10, 030

28, 538
211
5,830
337
143
4.029
7,288
870
9,830

26, 072
360
5,632
418
205
3,561
6,721
725
8,650

25, 741
166
6.000
513
131
3,696
6,534
751
7,950

24, 988
240
6,184
542
124
3.839
6, 199
690
7,170

305
241

93
226

128
243

1,715 |

178 !
293

614

111

512 !

129
308

110
268

8.45 j _

329 ;

222

r r
9.462 j 9. ) )8
r
4, 408 1 3, 775

953 1

1,104

1,849 i

1,806

25, 877 ? 27, 079
442
307
6. 703
6, 603
'534
519
' 130
123
4,341
4, 079
r
6,612
fi, 391
r
791
715
7, 520
7,080

ioo !
231 :

102 !
258 :

112
281

9.37

4. 277
4. 3.r)4
38,413

4 271
4 362
SH 465

4 332
4 436
45 950

4.320 I 4.318
4.333 ! 4.322
4.428 i
4.404 I 4.425 I 4.457
42,835 I 37, 283 ; 44, 940 l: 39, 105

4.296
4 395
35.210

4 275
4.297
32 962

4.265
4.230
35, 468

51,177
42. 177
8, SGI
578
288
11,410
5, 660
690
14,690
9, 000

36, 943
30. 243
6,220
399
250
7,923
4, 338
573
10, 540
6, 700

41,919 |
34.270 !
7,250 !
442
278
8.370
5,050
640
12, 240
7, 750

45,542 ! 44,571 ! 40, 222 I 39, 077
37,402 I 37, 121 S 33.592 |
5,' 875
8, 115 i 7,993 ! 6,496 !
444 !
' 425 i
444
472 i
264 |
239 j
218
271 !
9, 119 I 9,069 j
9. 128
8,858 :
5, 529 i
4,992 j
5,272
5,341 |
692 !
650
651 I
665 I
13,680 ! 13,080 | 11,720 i 10, 990
6, 500
8, 140 i 7,450 ! 6.630 \

35, 108
30. 208
5. 305
408
200
9,257
4, 660
578
9, 800
4,900

35, 721
30,521
5, 150
463
243
9,514
4,526
565
10. 060
5,200

39, 203
32, 403
5,956
486
248
9, 798
4,602
533
10, 780
6, 800

4 2.V.
4..'.! I
39. 240

4.264 ;
4.2-il
4.231 '
t.'J'iT.
32,340 i of,, 080

(

4 )4

,

), 559 |
>, 210 I

oo:» ;
;. 900

29 i
003
(\<M
MI

','.'00 ,
j

COKE
Exports
thous. of long t o n s . . !
Price, beehive, Connellsville (furnace)
j
dol. per short t o n . . |
Production:
j
Beehive
thous. of short t o n s . . ]
B y p ro d u c t
do
[
Petroleum coke
do
I.
Stocks, e n d of m o n t h :
\
B y p r o d u c t plants, t o t a l . .
..do
\
At furnace plants
do
j
At merchant plants
do
!
Petroleum coke
do____!_
f

Revised.
t D a t a for 1938 revised

79

95

71

52

37

39

46

42

52

77

4. 475

750

5.125

5. 250

5.000

4.813

4. 550

4. 475

4.475

4.475

4.475

4. 475

3, 891
111 |

256
4, 527
165

346
4, 567
159

314
4,718
155

238
4,707
116

155
4,017
131

135
4,125
130

102
3,984
139

106
4,244
152

4,375 |
149 |

4,619
121

278
4,682
123

2,812 I
868 I
1,945 !
668 i

2,600
806
1. 794
652 :

2, 607
836
1,771
647 .

2, 561
896
1,665 :
666 i

2. 008
842
1, 166
628

1,706
784
922
628

1,638
800
838
624

2,016
931
1, 085
663

2, 056
955
1,101
681

1,803
877
926
697

1,915
846
1,069
678

2,027
807
1,219
647

272
4, 627

2, 058
776
1,281

r

J
October 1 estimate
see p . 45 of t h e August 1940 Survey.




s

Revised estimate.

231

!
|
I
:

SURVEY OF CURRENT BUSINESS

46

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
September
1940 Supplement to the Survey

November 1940
1940

1939
September

Novem- j DecemOctober
ber i ber

January

February

April

March

May

June

July

108,237
3,658
.960
111,690
84

I 107, •«...
' 3.771 '
1
%n
' 11 J,-J4t '

August

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills)—thous. of bbl._
4,059
Imports
do
Price (Kansas-Okla.) at wells
dol. per bbl..
. 900
Production
thous. of bbl..
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do
East of California, total
do
Refineries
do
Tank farms and pipe lines...
do
Wells completed
number..
Refined petroleum products:
Gas and fuel oils:
Consumption:
^j
Electric power plants
thous. of bbl.. .|.
Railways (class I)..__
do j
Vessels"(bunker)
do j 2 S 293
Price, fuel oil (Pennsylvania)*.- dol. per gal... j
,0:10
Production:
!
Residual fuel oil
thous. of bbL.L
Gas oil and distillate fuels, total
do j
Stocks, end of month:
j
Residual fuel oil, east of California
>
thous. of bbl...;
Gas oil and distillate fuels, total
do j
Motor fuel:
j
Demand, domestic
thous. of bbl.. I
Exports!
do |
Prices, gasoline:
i
Wholesale, tank wagon (N. Y.)
>
dol. per gal.. |
Wholesale, refining (Okla.)-do i
Retail, service stations, 50 cities
do \
Production, total
thous. of bbl._j
Benzol.
. _. do
j
Straight run gasoline
do ;
Cracked gasoline
do •
Natural gasoline
do j
Natural gasoline blended
do
Retail distribution
mil. of gal..!:
Stocks, gasoline, end of month:
Finished gasoline, total
thous. of bbl .
At refineries
do I:
Natural gasoline.
_.
do
Kerosene: '
;
Consumption, domestic
do ;
Exports
do !
173
Price, wholesale, water white, 47°, refinery I
. 0! 0
(Pennsyl vania)
dol. per gal_. j
Production
thous. of bbl
;
Stocks, refinery, end of month
do !
Lubricants:
Consumption, domestic
do i
Price, wholesale, cylinder, refinery (Penn- '•
sylvania)
...dol. per pal. .|
Production
thous. of bbl. -\
Stocks, refinery, end of month
do
Asphalt:
j
Imports
short tons..
Production
do ;
Stocks, refinery, end of month
do :
Wax:
;
Production
thous. of 1b..;;
Stocks, refinery, end of month
do

106,979 ! 111,817
3,368 I
4, 266
.960 I
. 960
116,045 I 118,283
82 !
83

110,980
3,093
.960
114,198
86

104,916
2,848
.960
111,887
83

105,835
2, 651
.960
114,810
81

106, 530
1,948
.960
113,140
81

37, 372
189,341
35, 781
153,560
1,652

82,718
35, 533
187,579
36,922
150,657
1,786

81,112
35,129
191,164
39, 427
151,737

80, 223
35,478
195, 836
40,033
155,803

79, 380
35, 567
196, 407
39,162
157, 245

1, 649
4. 205
3, 061
042

I 711
4, 650
2 25-i
041

1, 606
4, 240
3, 0S3
041

1,
4, 328
3, 400
039

26, 302
12' 975

27. 594
15* 017

26, 088
13, 757

26,944
14, 433

28,082 i 24.6S0
16,548 | 10,262

20 870
16, 346

25, 372
15, 260

26, 249 I 26, 109
30,018 ! 30.951

24 018
30i179

20, 881
26, 374

18, 704
21,057

19,130
19,015

19,160
18,541

18,475 ! 19. lit.
20,310 I 23, 112

49,347 ! 49. 6S7
3,291
4, 056

17 275

43, 694
987

40, 370

2 441

37, 557
44, 607
1,848 I 2,021

.125
.052
.134
5,691

127
!
050
!
134
!
! 52, 351

105, 505
3, 235
.960
108,168

.114
. 053
.134
51,890
' 225 |
21,833 j
25,700 j
4.132 !
3, 237 j
2,037 |

1,820

124
053
130
974

259 I

i

1,892 I 1,578

755

!, 415 j22,017

011
023
481
358
981

i, 621 !
,388 |
,,286 |
.,896 |

25,589
4, 470
4,018
1, 850

101, 766
2.244

110,079
2,866

i960

960
120J 075

108,668

81
79,047
36,110
200, 704
40, 212
160, 492
1.655

1, 950
4, 502
3.497
. 039

2, 001

81

78,440
35, 943
407

1, 446
4,100 j
3,082
.039

4,164
2,930
.039

.124
.044
.131
51,230
237
21,774
24, 730
4, 489
2,980 |
1,812 |

20 400
4, ,7')

"4! 271

1 261
4 281
3 350
039

166,

50,11 \
21,7iV»
9 \ »J(iJ

40 871
536
1 677

78,866
36, 000
214,321
42,119
172, 202
1,853

207,

), o >r

MI

78, 3 ">9
35. 7S2
218,492 21 s! 008 , - 2 I V 7 M , 22H. .Ml
45, 183 ! 47, 5'25 r t7, 0"
47, (>"o
173,300 | 171,473 I ;7l'.M2,021 ' > KI.I

1,01
91S
4.130
\.\M\
3,212 I 2.912
.039 i . 0 ^

979

"10

26, 5 IS I 25, W
14. 51)
J4. r .

52.9(0

47, 683
1,730
. 123 i
.040 !
.130 |
50,025 !
228 !
23,082 I
22,901 !
4.414 j
2.783
1,936 !

. 117

V.i? i
52, K i
22 ' '(i

24, sh
4, "s"

. 127
"j

' 203
422
2 10
,4U\

ti.'i8

2J. i.'D

3. 07 ~)
2 , 1 •".

l", 0 4 -

65,498 j
41,423 !
5,891 |

110
510
140

,619 I 77, 301
> 80S I 51,020
1,579 | 4,421

4,638 !
500 i

080

>, 023 ! 0.013
031
503 i

.050

.050
5,806
9,952

.050 !
i, 642 j

>, m
). 067

2,207
>,050
2,854
6, 704

,
575
. 106
, 039

4, 150
550, 400
475, 000

742
800
000

40, 320
89, 584

0S0
147

3,
0,

799 :

f>'\ 4 2 0
1 L7«.

96,407 ! 90,015 | 93. P i
70,274 | 69,407 j 05 871
0, 112 ! 0,5W
5,393 j

\ 2J7

7 012

.048
5,822
7, 576

5, 37,"

1, S25

2 Oli

. 184
, 478
, 142

0",,)
5, 'i 1"

6, 273 !
403 i

5,02!

!

5, 2')7

.050 :
6, 570 \
4,114 |

.050 i
6,257
4,351 I

0,011
1 ("i1.

1,883 | 2,138
. 170
3, 335
8, 084

3,1"

.101 I
3,280 l
8,065 |

. 1 MI
3,31' ., 212
>, 101
8. 17M

3. 455 ! 8. (122 i 4,t.io
391, 400 ! 303, 700 ' 2(7, 200
497, 000
550, 300 , 5^3. (K1O

800
324, 200
090, 000

400,000 ; 487.!)'")
708,000 I 759,0)0

4s. 410
71 57."

47, 320
90, 373

42,560 I 44,210
96,910 | 103.2V)

23, 855
1,005
9,669
6,836
3,997

22, 767
623
9,068
5, 906
4,933

48, 440 !
81, 309 S

140
G48 i

200
..000
30.
110.'

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb_.
Calf and kip skins.
do
Cattle hides
do
Goatskins.
do
Sheep and lamb skins
do
Livestock (federally inspected slaughter):
Calves
thous. of animals..
Cattle
.
do
Hogs
do
Sheep and lambs
do
Prices, wholesale (Chicago):
Hides,packers', heavy, native steers, dol. per lb..
Calfskins, packers', 8 to 15 1b
do
LEATHER
Exports:
Sole leather
Upper leather
Production:
Calf and kip
Cattle hides
Goat and kid
Sheep and lamb
.
r

thous. of lb.
thous. of sq. ft_.
thous, of skins.
thous. of hides.
thous. of skinsdo.-.

1, 253
16, 170
3. 00.1
5,45s

24, 578
1,585
10,611
4.013
4, 807

s 12
3, ION
1,409

427
880
2,885
1,635

21,318
1, 503
8, 873
5, 025
4, 517

31,300
1,980 i
13,002 !
4,570

8, 586

33. 197 i
1,461 I
16,828 !
5,821 i
5, 114 i

30.3S3 ! 32,421
1,348 I 1,055
14,178 ! 16,221
6,094 ; 9,017
5, 153 j 4,071

23,716
1,118
7,750
5,729
7,293

28, 521
1, 085
16, 401
5, 576
3,919

., \')2

I

. 123
. 100

18
1,971

,146 !
.211 !

54 |
4,839 I

1,078
1,814
3, 075
3, 768

482
893
3, 545
1, 585

450
837
4,437
1,469

381
773
5,236
1,389

. 105
.240

.140
.214

.144

.140
.223

.129
.214

. 120
.216

.127
.212

220

446
4,623

274
4, 109

259
3, 685

773
3. 214

643 !
4,456 |

354
3,842

456
2,902

92
2,701

1, 057
1,957
3, 301
3, 429

955 !
1 858 i
3 167 1
o 950 i

1, 094
1, 970
3,662
2,973

954
1.892
3.246
2,996

868 I
1,700 I 1, 566
3.226 ! 3,411
3,04c ! 3,189

991
1, 590
3,247
3,328

936
.1,452
3,074
2, 852

•, 757

1, 102 i
1,928 !
3,707
3,939 !

410 !
827 I
5,350!
1,598

378 !
715 !
4,277 '
1,313

440
721 !
3,981 I
1,260 i

501
480
774
790
3,610 3, 890
1,355 1, 420
. 123
.214

437
738
3,886
1,378
.105
.187

Revised.
* N e w series. D a t a b e g i n n i n g J a n u a r y 1918 a p p e a r in t a b l e 36, p . 14 of t h i s issue.
f E x p o r t s of m o t o r fuel revised to i n c l u d e n a t u r a l gasoline a n d benzol; revised d a t a n o t s h o w n in t h e S e p t e m b e r 1940 S u r v e y will a p p e a r in a s u b s e q u e n t is:




2, lii-1

1 i...ir

Mi

47

SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1 9 4 0
gether with explanatory notes and references
to the sources of the data, may be found in the
September
1940 Supplement to the Survey

1939
Sep-

October

temfcr

1940

Novem-! Decem- j Januber
ber
ary

| February

April

March

j May

j June

j July

August

LEATHER AND PRODUCTS—Continued
LEATHER—Continued
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. perlb__|
Chrome, calf, B grade, black, composite
j
dol. per sq. ft--!
Stocks of cattle hides and leather, end (if month: I
Total
thous. of equiv. hides._ I..
In process and finished
do
\.
;
Raw
do
..

0. 300

0. 348

0.374

0.368

. 440

.419

.403

.453

0.355

0. 358

0. 348

0.345

0.345

0.344

0. 340

0.325

0. 305

.456

.455

.457

.466

.469

. 455

.453

.442

.452 ;

12,529 i 12,508 r 12,737 i r 12,027 i 12,509
8,730 |
8,812r 8, 891 ! r 8, 749 ! 8, 623
3, 846 i r 3, 878 i 3. 946
3,799 i 3,696

12,653 \ 12,556 i 12,727 \ 12,997 j 13,029 j 12,887
12, 578
8,867 ! 8,846 i 9,042 ! 9,276 I 9,357 \ 9,203
8,911
3,786 j 3,710 ! 3,685 •• 3,721 ! 3.672
3,684 ; 3,667

LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs _
Dress and ^emidress
.. - . . . d o .
Work . . . .
. . . do . .
Boots shoes, and slippers:
Exports,-_ -_ .. . . .
thous, of pj.irs
]'rices, wholesale, factory:
Meii'h Mack calf blucher . ..del. per pair
Men's black calf oxford, corded tip . do _
Woman's colored, elk blucher.. . . d o . .
Production, boots, shoes, and slipper;-•
'loial
- . - -_
thous. of pairs .
Athletic
. -. .
. . . do . All fabric (satin, canvas, etc.). . do .
Pur' fabric and part leal her
do .
l!ij:!i and io\v cut, leather, total .
Po\s' and youths'
. . .
Infants' _
... _ ... . .
Misses' and children's
.
Aim's
. do

201,356
130J09
71.247

169
5. 75
4. 04
3. 00

27U

2\> 993
3, OX!
K, 592

s.')( 4
12,7\<A

Hid moccasin.-' for hon^ew ear
Ihous. of pairs .
fuotwear
. . .do . .

All

125,954
70.321
55,633

i"A, i.Co

196

316

220

177

142

6. 00
4. L'">

3* 15

3.21

6. 00
4.25
3. 30

6.00
4.25
3. 30

6. 00
4.25
3.30

6.00
4. 25
3. 30

C.. 00
4. 25
3.3«)

2S '.?'>
'.23

SO. 8S5
271
ill

31.056
349
915
692
25,556
1,017
1, 703
2,825
7,588
12, 424

29, 479
343
965
424
23, Mil

27, 905

•A, SI6
9.09 4
15.31:-.

34,551
31!
824
1.01S
29, 538
1,067
1,8'21
3,61 i :
8, 337
14,700

],>'/')
,145

2,288
542

2, 880
663

o2, •iOS
] t 0)9

79 fS80
JO ) 4

6. 00
4. 20
3. I?
32.i29

37.273
442
336
678
29, 250
1, 477
2.170
3, 783
9, 568
12,252

'213
2 4,f>'*6
1, J72
l. 923

154,325 : 155,402 i 146,345 ! 109,671 ; 179,972
88,956 '• 88,333 ; 81,355 ! 100,717 j 108,674
65,369
07,069 ' 64,990 : 68,954 i 71,298

6. in)

426

4.15
3.10

36, S<)7

111, 4s9
81. 184

202. 008
12."), 3'!')
7'\ 64S

209,026
133. 362
75, 664

L'J.'i'.tl
l.lh'i

h. 9V"
It. iMo

6,283
283

L, 2V,

285
529
1,299
31,32 4
1. 178

202

105
•». in)

4. 2"i
3. 3U

i. 2 5

- 37>! t
" 302
370

22. 66s
1

2, !»50

I.H-21
1, 7 ! «i
:'., 'Hi'.i

;. 4i9
11.015

' 9 . \'i'~2

LUMBER AND M AXTL ACTTUFS
LUMBER—ALL

TYPES

1 \|)oif
i o t i l ^ i x nKll p r o d ' i f f
S u v e d tiinJi i
B > m ' s , p i iik , sf m t l n u s ( (r
I m p o r i s , t j il s i \ n i 11 p i o l u t->
N a t i o n il f i i i i i b r v>fi^ \ w i
ProhKti-.,], t)'al
11 u i v \ o o Is

M

1 ft

100,

12 2 I
M)

i )d

7

M\
2 \"\

S4
Kit

">(>, i,»)
2

102

2,

JH
l

Is

h, ti ! .'

41 )
7

I h n l w <N

I >»

i I

do

•HI

j

w,. ?

M bd. ft.. i
do
j
do
i
do
!
do
i
|
do
j
do
i
do
j
do
j
do
;

2,

6hi

7
i)2

HI

2 ~>{ \

i

i

38.729
59,699 i
! 44,750 |
' 43, 739
i 66,397 !

' •>

;
d42

, >>

1, 4S(J
1 Sin
320
1 ~A
7 i 10
1 m7
-j
,>

Otj
" t ~>

1
«

h t"

]

S i7

t "•)

1 M7

,2

];

, i

;
!
!
i
|

77 ~i -{
1 \ 27s
} j 1 .

0t>5

2 3

S2
1 so9
2 2US
414
1, ~ H
~ >74
1, 7 2 )

7~(!

8,650
14, 150
9,000
8,800
16,600

1

7i 9T)

f S1

11,900 ;
14,400 I
8,600 i
8, 700 ;
16,000 j
58,230
64,773
39.835
44,816
65,647

<ns
Urn

37/
1, ( ) s 6
2 ( ih
470
2 l4fi
- ( 140

"> i 2 i
7 7';"
1 <* 12

>,; s 2

7o t»h9
(,
tit 1 Oss

S4 2'
5 92<>

V)\

i J

Softnof '««

Maple, beech, and birch:
Orders, now
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
.
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments ...
Stocks, end of month__

IL

1 ') 4
2 ; ,2

ilo
Io
ilo

•hipm« P K V t i l
J l \r l\\(H

l

% s

ii>

i,
ii

7° 4

>r
IT

4"), o7 }
;;

li

~no

L/2 4 t

(

4:i

14 OsS

Mi,

0 »8

1 i

"31
71 006

» 2
10, 72 J

s r

2 ') 1

_, \
1 V)
1, Shi
34 s

J 712
2 ( 99

2 l f «9
54!
1 ^ s
2 211

1 7b0
7 "( 1
1 ^2"
741

1 s7i
7 bV,
1 V 2"i
-

2 (;!')
"• >1 )

6,350
9,900 i
6,850 i
6,950 !
19,700 ;

6.550
9,360
6,420 i
7,270
19,060

i

TJO

7 t 21
}
1 S 5

j

i42

j

]t

.4 4
J

1

2

^(>")

r

r

j )S

](
f,

XJ2
)(

7

^^ 1
i

>

S

5,800 1
11,125 !
7,150 I
6,050 I
20, 125

6,200 i
11,250 1
6,600 !
6, ioo ;
20,700 :

6,350 i
10,625
6,350 !
7,025 !
20,035

21,890
47,191
42,497
35,626
7.1,603

25,692 i
42.285 1
36,046 j
30,599 |
77,066 '

44,622 1
56,980 !
35,252 i
29,850 i
81.295 j

42.338
66,205 !
33. 435
33,312 :
81,012

39.658 I 34,438 ; 45,935 :
68,068 | 61,242 1 61,461 '
35,260 1 41,190 i 43,865 l
37,696
41,264 ! 45,716 i
78,471
79,397 ! 75. 139 !

' )1

_

K

3iO

j

-,

2 211)
J7

4

»• i (7ioU

i () j

\]

II

/, ( i ( » i
s. ;H)D
0, 450
7 4 DO
18, 400
33,
52,
38,
43,
70,

•$ i ^

2 222
2 i t

,

_

•Jls

4,800 \
11,575 i
7,000 I
6,000 1
19, 125 |

t)S

2
'it

2 221

>

( )

71 I

1 s,
7 7~
1 ~l x

6,200 j
13,000 i
8,150 j
7,050 !
18,050
!
!
|
!

1 ' SMi

•N!

2 's

98

i> 2'i(
11 U)
2' 2
Ml 70 1

h'^ 0 i

Is >
v()2

21

v . :'.."i>

ni, 72.)

W, 3 7 5
".47,ii '

10.
R.
9.
in,

s 750
17.350 '

MID
177.
350
(iOO

Hi, 5s7 { f.5, s:i»',

357
512

72, 557
lh, 14^

i 1, |- '7)S

015
127
027

• I L \\2 ,
. i l , "}i 7

7.2, i')^^

38,014 i
10,771 I
27.243

37, 627
9, 59f
28, 030

19.600

20. 825

57. s7!f

SOFTWOODS
Douglas Fir:
]
Exports, total sawmill products.. M bd. ft
j
Sawed timber
do
j
Boards, planks, scantlings, etc
do
j
Prices, wholesale:
j
N o . ] , common boards. _-_dol. per M b d . ft.. I
Flooring, 1 x 4, " B " and better, V. G. !
dol. per M bd. ft.!
Southern Pine:
Exports, total sawmill products
M bd. f t - J
Sawed timber
do
I
Boards, planks, scantlings, etc
do
1
Orders, new
.'
mil. bd. ft._ |
Orders, unfilled, end of month
do
I
Price, wholesale, flooring..dol. per M. bd. ft..I
Production
. . . . m i l . bd. ft-.j
Shipments
do
!
Stocks, end of month
do
i
Western Pine:
Orders, new
do
!
Orders, unfilled, end of month
do
i
Price, wholesale, Ponderosa pine, 1 x 8 , No. 2, i
common (f. o. b. mills)...dol. per M bd. ft.;
Production
mil. bd. ft__
Shipments
do
Stocks, end of month
do
r

Revised.

1
Discontinued by compiling agency.


34,959 i 25,704
14,556 1 8,424
20,403 | 17,280

31,103 •
11,849 j
19,254 |

33,243 i
13,603 !
19,640 !

45,288
21,375 :
23,913 :

29,078 :
10,180 ;
18, 89S

21. 070 :

20.482

20. 090

20.090

19.698 i

19.600 :

19.600

42.140 !

40.964

39. 690

39.200

38.220 1 37.485

12,838 :
2,697 :
10,141 1
572 !

18,348 :
5,838
12,510 i
662 '

331 j

348 I

26, 888
9, 385
17, 503

34,280 |
8,972 i
25,288 .

23,416 I
1,982 !
21,434 \

23,298 | 38, 971 !
4, 114 i 12,619 i
19, 184 ! 26, 352 !

23.030

19.845 j

20.874 |

21.070 I
!

41.552

42.140

39.445 !

22. 224
2, 368
19,850
888
603
40.010
722
855
1,681

24,221 : 23,332 ! 19, 063
28,664
4, 017
5,287 I
3,659 '
2,258 !
23,377 | 20,562 i 21,074 | 15, 046
894 ;
061 j
545 !
480
536 !
343 S
306
431 I
40.560 ! 42.998 1 42.393 1 41. 875
625 !
670 i
647 !
611
517
736 ;
766 i
633 ;
1,919
1,825 |
1,907 ;
1,811 :

629
532

600 '
415

29.71
549
539
2,051

26.81
501 i
489
1,977 i

42.140

470 1
377 ;
28.61
492
514
1,954

!
!
1
!

302 1
254 |
29.64
430 j
431 !
1,953 i

! 15,144 i 14,747
1 3,489 ! 4,518
| 11,655 ', 10,229
513 !
503
!
334 I
357
1
41.500 ! 41.798
515
545
480
485
2,014
1,949

329
262

325
279

300
282

28.99
291
321
1, 923

28.77
215
309
1,829

28.86
212
297
1,744

41.873
621
598
2, 037

36.260

j 41.662
636 :
|
645
i
2, 028 i
j

25,928
4,866
21,062
672
324
41.783
659
696
1,991

; 28,209 !
! 4,341
! 23,868 i
609
350
40. 865
;
588
i
583 '
;
1,996 :

400 .'
287

457
304

421 I
300

29.09 !
389
397
1,664

29.02
522
441
1,745

354
285 j
29.30
279
351
1,672

:

'
I
i
;

28. 49
541 !
425 :
1,861 !

36. 200
27. *\s[)
.'. 5i*7

•Jl.ti'.rj
7s\
41n
11. ->30
• •,]()

ti'.it
1,'»12

:

37. 977
15, i>9(
948
15,041
931
570
43. 047
703
801
1,814

4!>r>
326

653
442

28.01
570
469
i.yf.-j

28.17
618
537
2. 043

48

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

November 1940

1939

1940

Sep- | O p j . n h p r Novemtember U c t o b e r
ber

January

December

February

April

March

May

July

June

| August

LUMBER AND MANUFACTURES—Continued
SOFTWOODS-Continued
West Coast Woods:
Orders, new
Orders, unfilled, end of month
Production
.
Shipments
.
Stocks, end of month
Redwood, California:
Orders, new
Orders, unfilled, end of month.
Production
Shipments
Stocks, end of month

mil. bd. ft..
do
do....
do. _..
do

655
647
607
072
865

674
570
577
632
838

514
521
600
609
839

513
444
579
519
908

M bd. ft..
do
do
.
..do....
__do____

!, 836
>, 545
,533
). 024
>,622

39, 727
41,027
30,295
26, 772
299,358

30. 782
39, 092
33,358
32, 603
296, 462

22,005
31,445
31,204
28,019
298,397

FURNITURE

463
452
516
487
930

i
!
i
\
|

17,749 I 25.
26^
28,678
27,883 I 27,
20,802 I 23,
297,976 I 296,

656
507
535
521
953

522
513
529
538
961

331
517
239
793
026

21,544
26,416
29,105
21,957
301,176

60.0

5.0 :
23 i
33 :
63.0 ;
16 I

546
520
601
594
976
29,
32.
28,
27,
299,

i
i
j
i

556
517
612
606
981

667
425 !
' 596
662
926

531
383
610

Sll
510
549

638
920

593
900

726
623
655
664
892

704
472
727
237
227

31, 450
31,371
31, 207
31, 562
298, 317

29, 263
26, 555
31,310
33,391
294,231

63.0

63.0

62.0

62.0

63.0

8.0 !
16 ;
30 !
65.0 :
16 •

6.0
15
25
58.0
16

10.0
15
23
61.0
14

7.0
14
22
62.0
14

4.0
14
25
62.0
12

!
!
|
!
|

3.0 !
23 i
32
57.0
15 i

3.0
24
38
64.0
18

77.9
102.3
88.1
87.2

77.9 |
102.3 I
88.1
87.2

77.9 i
102.3 :
88.1 j
87.2 !

77.9
102. 3
88.1
87. 2

29, 500
27, 468
29. 293
28, 016
292. 640

27, 586
25. 901
2K 477
29, 365
289,079

35, 963

32, 173
30! 156
31, 200
283. 907

i

|

All districts:
j
Plant operations
percent of normal. _ j 71.0
Grand Rapids district:
I
Orders:
'
Canceled
percent of new orders..j
4.0
New
no. of days' production..i
28
Unfilled, end of month...
do
j
43
Plant operations
percent of normal..! 69.0
Shipments
no. of days' production., j
21
Prices, wholesale:
!
Beds, wooden
1926 = 100..!
77. 9
Dining-room chairs, set of 6
do
i 102. 3
Kitchen cabinets
...do j 88.1
Living-room davenports
do
j
87. 2
Steel furniture (see Iron and Steel Section).
'

03.0

66.0

67.0 !

3.0 i
23 i
31 I
56.0 !
19 :

5.0
26
35
63.0

7.0
23
35
65.0
20

78.1 :
102. 3
88.1
87.2

102. 3
88.1
87.2

65.0

8.0
I
j
j
|

77.9 !
102.3 |
88.1
87.2

13 I
26 I
67.0 i
16
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

102.3
88.1
87.2 !

60.0

METALS AND MANUFACTURES
IRON AND STEEL

|

Foreign trade:
j
Exports (domestic), total
.
longtons..|l ,221,052
Scrap
do
255, 608
Imports, total
do
2, 508
Scrap
do
56
Price, wholesale, iron and steel, composite
dol. per long ton..
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons-.
5, 672
Shipments from upper lake ports
do
9, 935
Stocks, end of month, total
do
37, 090
At furnaces
do_ _ _ _ 32, 432
On Lake Erie docks...
do
4. 658
Imports, total
do
164
Manganese ore, imports (manganese content)
thous. of long tons.
49

I
575,613
330,680
29, 874
3,216

591,856
336,775
19,189
2, 305

605 555
272, 656
15, 216

837

14, 709
1,267

36. 67

37.62

37. 50

3".18

4, 185
7, 865
35, 853
31, 203
4,650
179

5,271
9,201
39,005
33, 944
5,121

5.478
5, 440
40, 732
35, 516
5,216

0

0

0

0

35, 440
30, 805
4, 635

30,189
25, 901
4,288

25, 967
22, 087
3,880

21, 862
18,412
3, 450

203

304

163

209

237

167

43

57

°7

54

39

43

600, 437
206, 402

5, 538

583,521 j 671. 301
187,457 | 234,716
8, 274
6,740
442 !
273
|
37.09 j
36.97

5,289

4,242

663,980
206,928
5,096
29

36.83 I

4,088

612,906 i 783,964
221,152
312,483
6,674
7,759
482 |
33

36.69 i

936.047 11,034,938 [,402,075
318,369 I 327,129 355. 991
5,505
3,5<!2
2, 105
1 I
' 152
16

37.33

37.6

3,935
465
18, 106
15, 155
2, 951
257

4,566
7,245
19, 603
16, 717
2,886

5,213
9 487
23. 516
20, 428
3 088
162

36

63

175

37.63

5,524 i
10.383 !
28,244 j
21,608 i

3,636 i
249 i

37.70

5,701
10, 480
32. 935
28, 708
4. 227
194

Pig Iron and Iron Manufactures
Castings, malleable:
!
64,732 I 63.835 i 51,778
Orders, new
.
short tons.. 53,079
45,9'
40,438 | 34,901
35,730 i 35,290
35, 563
36, 503
45,025 I 52, 994
41,427 ! 54, 263 ! 59, 143
Production
do
53,663 ! 53,372 ! 42,163
39,881 | 40,529
49. 804
37,511
34, 700
38,872 I 48,926
50.5 i
66.3 !
69.6
51.7
Percent of capacity
65.2
64.2 !
48.7 !
50.1
45.2
61.4
42.7
46.7 I
58.8
39,215
49,807 j 54,038
Shipments
short tons.. 45, 943
53,753
52,08S
43, 935
42,975 ! 41,975
40,919
33, 323
34,226 : 43,216
Pig iron:
Furnaces in blast, end of month:
Capacityt
short tons per day__ 140, 620 118,188 135,033 138,975 136, 702 123,990 ! 106.040 104,675 106,395 I 119,905 131,360 | 131.760 | 137.500
169
188
191
177
157
152 !
191
157
172
Number
.
103
182 I
187 '
190
j
Prices, wholesale:
21.50
22.50
22.50
22.50
22.50
22.50
22.50
I 22.50
22.50
22. 50
Basic (valley furnace)
dol. per long ton..
22. 50
22. 50
22.50 !
l
22. 35
23.15
23.15
23.15
23.15
23.15
23.15 i 23.15
23.15
Composite
"do
23.15
23. 15
23. 15
23.89
24. 89
24.89
24.89
24.89
24.89 !
24.89
24.89
24.89
24. 89
Foundry, No. 2, northern (Pitts.)
do
24.89
24. 89
21.89 :
4.032
3,224
4,221
3,514
4,063
4,167
3,270 i 3,137
3,311
1,177
Production!
thous. of short tons..
3.819
4. 238
4,054 I
Boilers and radiators, cast-iron:
Boilers, round:
2,181
1,602 |
2,688 i 2,233
2,292
1,418 | 1,456
1,648
2,754
Production
thous. of 1b_.
2, 371
1,697 j
1.449 ! 1,848
4. 634
5, 445
2, 882
1,079
1,740 i 2,117
1,207
1,177
1,334
Shipments
do
3, 851
1,613 j
1.G9S ;
2,732
J
16,
010
13,261
11,905
12,002
11,487
11,935
12,454 | 13, 565
14,923
Stocks, end of month
do
12,513
15,009 I 13,477 ; 13.873
Boilers, square:
20, 696
20,925
17,273
18, 790
Production
. d o . . . . 26, 340
14,816 I 16,525
20,616
17,900
20,922
18,698
17,352 ! 26,185
35,593
39, 869
23, 751
Shipments
do
11,214
9,253
16,227 I 15,443
12,024
10,933
40, 342
14,776
22,916 | 31.100
86,890 I 80,391
Stocks, end of month
.
do
88,593 ! 98,121
105,043
114,032
77,878 i 79,128
93, 029 105, 757
117.975
112,369 i 107,207
Radiators:
Convection type:
Sales, inch heating elements, cabinets,
792
and grilles .thous. sq. ft. heating surface.
660
390 !
505
566
915
701 i
431 !
091 !
768 j
Ordinary type:
!
!
5, 299
6, 754
5,647
5,530 j
5, 701
Product ion
do
4,474 i 4,735
5,670
6.415
6,579 !
5,697 i
7,147
9,209
7,824
Shipments
do
10.387
5,166 |
4,173
3,135 j
3,195
3,626
4,539 I 4,670 |
9, 436
8, 193
21,424
28,133
21,653 | 21, 767
24, 543
24,222 I 26,829
Stocks, end of month
.
___do
28,896
30,971
26,087
31,913 I 30,108 , 29,168
Boilers, range, galvanized:
51,062
98, 692
80,265
72,380 ! 69, 407
Orders, new, net
number of boilers.. 73,821 133,384
55,026 | 55. 339
72, 725
75,427 I 85.139 ! 64,831
18,507
61, 494
48, 999
44,213
36,086
Orders, unfilled, end of month
do
32,119
51, 226
24,532 ! 19,161
23,048
31,158 ! 38,194 ! 27,315
59,319
51,012
86,069
84,181 ! 81,252 ! 79,565
Production
do.. _ _ 68,522
110.988
66,039
68,816
70,452 I 77,879 I 76, 467
60,710
51,716
Shipments
do
88,584
82,492 ! 77,166 ! 77, 534
69,017
108, 960
66,580
68,184
67,317 i 78.103 ! 75,710
36,794
Stocks, end of month
do..
34,158
26, 960
30,677 I 34,763
37, 963
28,988
36,253 i 34,862
34,790
37. 925 : 37,701 ! 38, 458
r
Revised,
* Temporarily discontinued by reporting source.
tRevised series. Data on pig iron have been converted from a long to a short tonnage basis; data for production 1 'inning 1913 are shown in table 38, p. 14 of the October
1940 issue.




49

SURVEY OF CURRENT BUSINESS

November 1940
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
September

1939

1940

January

Novem- DecemOctober
ber
ber

September

February

March j April
1

May

June

July

67, 035
57.3
20, 770
57, 7o;>
4(» i
17, <m

August

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
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
Ingots, steel:
Productionf
thous. of short tons
Percent of capacity.
Bar->. «5f(i»I, col 1 finished, c ">r^on, shipments
p
h
«hoit
I'r u ^ v\h(il(^i!e*
( oni[ o^ite, i)MNKujd sto< 1
^ » n l billets, r( rolling {V t

5.895
92

119,687
102.3
58, 530
72, 096
61.6
26, 391

99, 899
85.4
52,146
85, 755
73.3
36, 615

64,143
54.8
28, 262
79, 732
68.1
33, 146

43,121
36.8
8, 302
80, 146
68.5
34, 019

40,913
35.0
10,472
67,454
57.6
28, 506

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
50.1
20, 704
50, 651
42.5
14, 483

4,769

6,080

0,148

5, 822

5, 655

4,409

4,265

3, 975

72

91

92

91

82

69

64

60

4,841
70

5, 533
86

43,654

44, 474

55,495 ; 67,599 ; 67,977

d* 1 per l b
p t r lor j h t
Mo ' n ih
j' r : i n s i n

t il -K I . I i
r i1 ( Ii it t>(1 Coijior t i

96, 687
82.6
42, 213
43, 590
37.2
12, 449

A li>i
0210

61,591 j

46,277 ;

45, 405

44,6211

,0263 i

.0263

.0265 !

.0265 |

.0265

. 0265

.0202 |

.0265 j

34. 00 j
.0210 I
1G. 22

3 1 00
.0210
19. 05

34.00 i
.0210 S

34.00
,0210 I
10.60

34.00 !
.0210 S
10.38 |
j
1,140 |

34.00
.0210
15.75

34.00 I
.02J0

34.00 |
.0210 I
15.88 !

34.00 |

17.66 !

j

1,087

.")('."
b4

52,

i

,0261 I

j

p \ i t"v -}<< ' st < 1 p r o d . t h o i i s of -1 ir t > i

57, 232

01. H
00, 3.V.
5'I. 7
21.1M1

!

1.414 |

10 88 !

34.00
. 0210
18.19

31.00
(•'10

34. U!

17. :c. I

1,210 I

cU Manufactured Products
> ar d "run ^
i". u n w i n d , <

J

l, h<
i of

/72
1, 204
73. 8
1,207
31

i-Clt ( f ( .'« v
1

( n{. • ui oi P .

, rdfrs

1. i S
1 012

4 >0
{3(5 i

s2 r '
1, !""

2 4
1, 577

•1

-.:

1. 7"2

1,0'iS
t>.{ i
1,1 H2
47

11 s
i'", I

t

1 1' s
12

1 un /

9

Mil "

Or
Or

fiiU

_

1.3'il

1 701 j

701
52',

A
i-~

i

2 0'C

i *

1 V
21

2. I I 1 '
I Is"

1.2"2
2. l*-0

2 4_1
475

0 ' If ( , *HW
Or UMS, UTif-lV ',
Put
j

bnc<it* d *HH
i'ink =
O 1 v

Vi oi .

i«'. 10S

37, 7 "

11,

10 • i

".

1

2 i

r.,5P0

12'. 2>* -'

>: {

1 'u itiii'

2ro..::

^

!

2'.0 T1^

J'*K Si

If.

jl'f

j[u

7",

urn ]( 1 pi
•>

I S , 347 . . .
»770 . . . .
i 912 L__
1628 | . . .
J 210 ' . . .
i 2,035 i . . .
J65.6 ! . . .

< f «nnt I >
flo

«["( i n I fub(
J'bf.
Hid

K ( ts f ( I l l
P< n e n t of <

ilv

< old r ' U r d
Mot rcl'od

ibnw- . til ort tons

2 9. S*> '

do
!o
sliort ton>

•' 939
i 846
i 870
1 f,27
» 2 321
i 71. S

' 1 IS7
» 1,1^4
x i (14i 2 yr»

J 170
* 276 i
i 628 !
i 658 !
i 770 !
4,916 i

00

! in p l i t c
"W ire i n d wire products
] I al vvoil-, shipnu i.ts

,

ISs

2'i

n ~

—

' 24 S
» 151
* 869 i
» 809 !
i 1.013 !
6,708 !

0, 640

17'j

173

2.814

3. 2S7
200
295
281
146
716
65.9

I'-Vi

2 to
165
580' .
oi.i i

52 i
3 177 '
i 309 |
77 !
1 537 i
174
235 :•
1699 !
i 793 !
236 j
8,446 :
7,054 !

0,762 j

r>
()

\ ."•
;
.
'
!
!

32'
i'"
117
HS
-

ji)

"1

2

45 :
99 i

210
248
274
7,276

I
i
i
!

1 il

2H
M0

NOXi FKRO! S MKTVLS \NI>
PRODI€TS
Metals

•

Alurniniirn:
Imports, bauxite long tons.-* 40, 850
Price, wholesale, scrap, castings (N. Y.)
;
dol. per l b . J . 0855
Bearins; metal (white-base antifriction):
j
:
Consumption and shipments, total
thous. of l b _
Consumed in own plants
. . . d o i.
Shipments
. .do
'
Copper:
Exports, refined and manufactures
short tons..
Imports, total
. . . _ . do ..
For smelting, refining and export. do
Product of Cuba and Philippine Islands
short lon«< .
All other
_.do
Price, wholesale, electrolytic (N. Y.>
dol. per lb... :
Production:
:
Mine or smelter (incl. custom intake)
]
Refi nery
Deliveries, refined, total
Domestic
Export _

short tons..1
do
\
do
I
do.
do_
.do
I

79, 021
82, 843
90,200
90, 485

4

— 22f

33,133

45,000

54, 801

58,826

50,458 :

54, 651

33,449

43,110

44. 923

45. 117

7v~

.0712

. 0712

. 0950

.0950

.0948 ;

.0925

.0913 i

.0803

. 0S65

. 0800

. 0902

S3S

3,133
741
2,392 i

2,635
789
1,846

2, 450
794
1,661

2,034 |
034 {
1,400 :

2,322 i
072 ;
1.650 ;

1,749 :
429 i
1,321

1,955
514 :
1,442 •

1.6G4
475 :
1,188 ;

1.923
363
1,561

' 505
1,400

2,238
620
1,019

o 34 S
S7("
1, 471

26. S06
15, 360
13,012

41.04'.'
I".9:i7
i7,4*;i

(>2, 505

25,494
30,550 !
28,134 ;

35, 422
28, 532
27, 953

21011
14, 3.-S3

17'iinj)

1,464

1,304
1.122

1. 30."
47s

1.688 I

1,020 1
814 i

60 i
2 :

2,101 !
314 !

10
569

1. lf»7
7, 509

4, is")

. 1228

. 1228

.1195

. 1115

.1116

:

.1109 ;

. 1108

.1113

. lUoli

76,145
408.775 : 89,598
82,761
379,841 i 80,501
536,899 J 104,545 : 72,809
3 457,315 I 91,428 i 63.215
9,594
79,584 i 13,117 i
159,485 ! 135,441 I 145,393

85,796
| 86,295
i 71,893
i 64.376
|
7,517
j 159,795

;
!
!
!
!
i

8 4 , 3 6 6 ••

82,6S2
I 86, 029
! 76, 485
i 69, 467
! 7,018
; 178, 664

79, 845
86, 077
05,155
61,710
3, 439
199, 586

79,327
90, 995
74, 758
71,220
3, 532
215,823

35 000
17,015

221

885

1104

(2)
(2)
(2)
(2)

(2)

(2)

J

()
(2)

(2)

2-J. ."1") '
27. 072

3
3

53, 024

63,775 : 40, 745
31,558 •• 30,538 !
29,869 j 28,698 ,

39, 273
22,554
22,485

:

80,964
71,639
68,665
2,974
169,120

20.

I
A
] >

.3

1)71

79,
80, 851
97 944
383
50!
198! 730

Stocks, refined, end of month
185,313
r
l
2
3 Total for August-December.
Revised.
Quarterly data; monthly reports initiated April 1940.
Monthly data not available.
4
Negative figure resulting from deductions of tonnage erroneously reported as exports in prior months.
* Temporarily suspended by reporting source.
§Monthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
• Data are for 6 manufacturers beginning January 1940.

fRevised series. Steel ingot production and steel products, production for sale, have been converted from a long to a short tonnage basis; data beginning 1913 for steel ingot
http://fraser.stlouisfed.org/
producti'ion are shown in table 26. p. 17, of the May 1940 Survey data beginning 1933 for steel products appear in table 45, p. 14, of this issue.

Federal Reserve Bank of St. Louis

50

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

November 1940
1940

Febru- i March
ary

April

May

7,404

4,723

40,196
4, 474

36. 957
3,538

36,988
4, 393

June

July

August

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Lead*
Metals—Continued
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
.
do
Imports, bars, blocks, etc
.
do
Price, wholesale, Straits (N.Y.)..dol. per l b . . |
Visible supply, world, end of mo..long tons.. j
United States (excluding afloat)
do i
Zinc:
Ore, Joplin district:?
j
Shipments
short tons..
Stocks, end of month
do
Price, wholesale, prime, western (St. L.)
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 mo
do
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
short tons..
Orders, unfilled, end of month
.do
Plumbing fixtures, brass, shipments
thous. of pieces..
Radiators, convection type, sales:
Heating elements only, without cabinets or
grilles
thous. of sq. ft. heating surface..
Including heating elements, cabinets, and
grilles
thous. of sq. ft. heating surface..
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
MACHINERY AND APPARATUS
Air-conditioning (circulating, cooling, heating,
and purifying) equipment, new orders:t
Air-conditioning systems and equipment
for summer and year-round use
thous. of d o l . .
Blowers and fans...
do
Unit heaters
do
,
Warm-air furnaces, winter air-conditioning j
systems, and equipment
thous. of doll, j
Electric overhead cranes:
i
Orders, new
.
do
I
Orders, unfilled, end of month
do
j
Shipments
do
'
Exports, machinery. (See Foreign trade.)
j
Foundry equipment:!
\
New orders, total
.
1937-39 = 100.. |
New equipment
......
..
do
|
Repairs
do
{
Fuel equipment:
I
Oil burners:
J
Orders, new, net
....number..!
Orders, unfilled, end of m o n t h . .
do
I
Shipments
.....
...
do
Stocks, end of month
,__do
I
Pulverizers, orders, new
do
j
Mechanical stokers, sales:
Classes 1, 2, and 3
.
do
Classes 4 and 5:
Number
Horsepower. _

10, 739

4,391

4,063

2,762

4 164

4 496

2,958

4,787

35, 916
3, 688

35, 612
3,415

35, 936
4,380

37, 057
6 355

38 835
4 234

37 649
3 710

35.937
3,110

37,949
3,892

37, 963
3, 705

. 0493
41,528
53,456
41,292

.0545 I .0550
35,086 I 38,903
59,889
66,060
97,473
73,963

.0550
44.748
64,365
58,061

.0550
42, 547
44,881
58,777

.0547
47,149
39, 875
68,539

.0508
40, 564
39,176
72, 658

.0519
44,783
46, 353
74,692

]
.0571 | .0502
31,192 ! 37, 918
46,496
46, 919
63,610
62,955

. 0500
34, 041
49. 904
55, 343

.0500
.0485
35,343
36.851
52,560 I 51.643
47,360 I 43,321

11,410
14,604
. 5032
39,450
9 ; 438

6,570
5,050
4,427
. 6350
31,168
3, 413

7,630
6,040
5,247
. 5525
38, 206
3,536

7,540
7,870
7,629
. 5224
38, 035
3,283

6,940
11,366
12,518
.5064
38, 280
3,302

6,680
9,780
8,851
.4672
35,573
1,749

5, 610
6,600
6,499
.4594
33,148
2,078

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
3,677

6,420
9,225
11,611
. 5254
31,869
5,300

6,330
7,325 |
9,185 (
.5159 |
38, 736
6, 56

6. 6(30
12,470
12,926
.5118
38, 040
6,583

34, 250
10,452

30, ?85
9,958

36,734
7,204

41, 663
9,701

28,163
13,548

35, 611
4,097

28,026
3,551

29,393
4,798

31,424
5,454

41,183
5,851

33, 530
9, 201

44.323
7; 098

35.116
S, 842

0)

37,759
2, 87S

. 0625

. 0692

.0610

.0650

.0650

.0598

.0564

.0553

,0575

.0575

.0580

. 0624

53,119
53,164
66. 824
30,965

42, 225
37, 729
69,424
95,615

50,117
43,109
73,327
72, 405

53, 524
46,867
64, 407
61,522

57,941
48,159
53, 468
65,995

52, 399
47, 287
54, 862
63,532

52, 774
47,188
51,050
65, 256

55, 475
49,744
49,909
70, 822

52,189
49,805
46,803
76, 208

51,518
48,989
57, 224
70, 502

48, 660
46, 577
53, 935
65, 227

51,175
47, 545
57.606
58,796

49,939
50,715
64!065
44,670

8,706
31, 365

7, 539
22,499

8,993 i 8,497
17,878
13,459

5,521
11,436

5,851
8,214

5,799
17,500

6,134
14,018

6,735
14, 034

7,056
21,475

7. 181
22 287

6, 898
21,695

8,076
17,823

1,668

1,735

1,799

1,582

1,647

1,697

(-)

30

43

103

112

(3)

531

f3)

2,109

1,992

1,820

1,514

105

80

94

75

.187

986
.183

891
.190

870
.191

591
.193

450
.191

392
.183

297
.183

520
.183

435
1, 039
423
751

1,270
1,513
547
593

1,178
2,125
564
638

329
1,829
616
612

343
1,593
567
616

391
1,343
637
585

363
1,216
476
627

350
1,073
489
621

382
1, 005
445
695

1,310
4,444
2,472

1,403 I

1,263

1,411

1, 545
3,261
2,013

2,425

(3)

)

1,086 1,594 I
3,979 j
3,687
10,312 j

10,970
798
3; 271

434
2,474
375

161.2
162.0
158.6

138. 9

41,895
8,607
41,490
19,817

36, 279
5.967
35, 352
16, 460
53

569

487
.183

541

1,041

496
716

2, 665

378

719

414 !
400
2.368 ! 2,172
596
435

153.3 I

124., 149.0

250
1, 743
679

534
1,683
594

135. 7

183.2 !

.185 !

606

1,124

516
693

469
1,099
4S9
709

i
i
i
!

521

1,033

536
694

2,675
4,910
2, 340

4,265

445
2,390

. 0639

6, 791
467
1,640
515

520
1, 769
391

761
2, 196
334

499 ;
957
2,430 i 2,744
264 ;
643

129.1
127.5
133.9

164. 9
174. 2
138.3

194.4 i
209.8 :
147.* :

18,154
4,700
17, 829
19, 239
36

19, 672
5, 985
18. 387
19, 367

It i5. 4
It
If >0. 0

I
33.657 i 18,758
12, 566
4,966
3,639 I 2, 905
34.658 ! 20,085 I 13, 300
16,675
18,165
16, 764
45
38
6

20,161 I 18,040
439
86,714

376
63, 264

8,225 {
266
51, 735

4,762 \
207
39,038

13,103
3,050
12, 963
17,144
11

11, 239
2,767
11,522
15.672
20

3,996 j 3,651
128
25. 515

149
28, 591

12,883
2,880
12,770
16,755
25
4, 342 |
111
30,177

15, 889

4 375
14 394
16 656
33
6, 490 |

8, 254 ! 9,'

161
125
29,677 ! 42,332

217
38, 408

23,00S
0, 974
22,019
23.400
47

31'. r, i 4

16,565

2 ! 117

58.426

, ill

is
.vo

Machine tool activity*
percent of capacity..
88.3 ;
93.4 !
92.3
74.6
84.9
91.2
92.5
93.3
92.9
93.4
93.3
Pumps and water systems, domestic, shipments:
I
I
Pitcher, other hand, and windmill pumps
units.
35, 245
41.419
38,476 1.
35,961
47. 439
43, 908
29, 441
40, 292 38, 540
33, 236
37, 977
Power pumps, horizontal type
....do
804
928
949
853 i.
860
792
829
976
1,396
662
1,214
Water systems, incl. pumps
do j
22, 099
17, 444
20, 415
18, 452
19,113 L
16, 993
13,389
14, 718
16, 060
20, 971
17, 469
Pumps, measuring and dispensing, shipments: ;
Gasoline:
I
Hand-operated
....units
i
962
1.574
741
2,330
768
612
2,201
776 | 1,070
1,685
Power
do I
7, 624
8,611
7,613 ! 11,578
5,775 I 6, 304
8,693
11,072
8,751
12, 577
(2)
Oil, grease, and other:
[
Hand-operated
do I
12, 554
14, 785
17, 968
20, 081
16, 086
14, 417
9,659 I 10,578 i 14, 466
18, 579
Power
._
do I
2,384
2,454
2,703
2,676
2, 591
1,914
3,244 | 3,106 I 3,462
1,349
f
J
HData
for November 1939 and January, May,
and July 1940 are for 5 weeks; other months, 4 weeks.
Revised.
N o t reported.
2
3
Discontinued by reporting source.
Reports temporarily suspended.
*New series. For data on machine tool activity beginning January 1939, see last paragraph of footnote 6 to p. 139 of the 1940 Supplement.
fRevised series. Data on air-conditioning equipment compiled on a revised basis beginning January 1939. For description of series and earlier data, see p. 50of the
September 1940 Survey. Index of total foundry equipment 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 (1922-24 base) converted to the new base by dividing by 1.328; index for new equipment and repairs available only begginning
May 1940.




SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
Sep1940 Supplement to the Survey
tember

51

1939
September

1940

DecemOctober November
ber

January

February

i

March I April

May

June

July

August

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con. |
Pumps, steam, power, centrifugal, and rotary: j
Orders, new
thous. of doL.]
Water-softening apparatus:
J
Shipments, domestic
..units._|

I
2,878

1,469 1,809

(!)

1,512 |

1,339 !
i

1,450 1, 481

1,049 1,011

1,147

1,457

1,178

1,809 |

1,963 2,437

1,154

1,159

1, 556

1,364

1,623 I

1,237 0)

180
227

101
159

55 i
90 I

67
123

73
132

91
133

124. 8
97.3

110.4
97.9

113.7
115.9 |

112.8
107.1

107.6
160. 9

133.8 !

127.7

112.7
117.2
126.0

181.9

170.2

158. 5

5, 634
324

7,802 ' 4, 697
314
557

4, 905
407

5,381
476

5,241
421

5,137
372

11, 984
1,320

10, 590
1,308

268.120
8, 571
1,325

11,464
1,313

13,848
1, 408

2,857
815
3, 013
692

3,126
830
3,039
946

3,000
866
3,186
1,703

3,083
914
3, 345
1,437

3, 280
915
3, 536
1,240

1, 201

2, 556
\ 0)

ELECTRICAL EQUIPxMENT
Battery shipments (automotive replacement
only):
I
Unadjusted
.
1934-36= 100.. |
239
Adjusted
.
____do
j
.....
154
Electrical products:
Industrial materials, sales billed.-.1936=100..
98.5
Motors and generators, new orders
do....
116.4
Transmission and distribution equipment,
new orders..
1936=100..
146. i
Furnaces, electric, industrial sales:
Unit
kilowatts. J
3, 279
Value
thous. of dol.. j
.
291
Electrical goods, new orders (quarterly)
j
I? 001
thous. of dol._I
Ironers, household, shipments
units..} 21,007
11, 372
Laminated products, shipments..thous, of d o l . J
1,454
1, 019
Motors (1-200 hp.):
j
Billings (shipments), A. C._
do
i
2, 361
Billings (shipments), D. C
.
do
j_
474
New orders, A. C
_.
do
j
2,725
New orders, D . C
.
do
I
1,102
Power cable, paper insulated, shipments:
|
676
Unit
.
thous. of f t . . | 1,154
Value
...
thous. of d o l . J
1,163
781
Ranges, billed sales*
number..j 32,167
26, 235
e
Refrigerators, household, sales
...do
! 112, 288
73, 149
Vacuum cleaners, shipments:
|
93, 851
Floor
.......__
do
| 108,564
Hand-type
.
do
30,359
26, 857
Vulcanized fiber:
2, 284
Consumption of fiber paper.
thous. of lb._
2, 373*
548
Shipments
.
. . . t h o u s . of doL.
599T
p
"
•
•
"
149,002] 138, 992
Washers,
household,
shipments
units..

219 i
129 !

123.0
136. 5
151. 6
6 103
438
11 161
1 296
2 535
555
3 151
1 403

1,074
824
23,611
62,055

165

118 I
132.0
125.1
137.3

99
87
121.9 I
161.7 |

123.6 |
i
4,153
2,084
9,587
368
167
480
254, 302
11,
854
10,373
9, 990
1,306
1,257
1, 348
2,730
2,733
3,103
677
797
582
3. 276
3, 472
2, 417
1,047
1,867
813
752
656
19, 008
55,113

10,183
1,173
2, 686
775
2,679
622

554 |
655
721 I
731
13, 429 36,395 32,
92, 479 234,662 280,

106, 539 108, 338 118,730
92,806 j 116,049
31, 362 32, 728 36,471 I 27,362 j 28,324
2,594
2 722
748
"' 660
142, 830 102, 990

238,846
12,048
1, 306
2,693
860
2,958
803

[

180
139

130
135
113.8
155.0

126. 5
146.6

564
628
758
728
757
1,253
720
813
902
836
998
1,463
39,643
43, 308 42, 983 33, 403 29,626
29,128
298, 238 339,693 385, 688 328, 950 248, 538 '206,418
147,120
31,009

139, 768 143, 836 120, 200 74, 565
30,441
24, 037 20,045
30,060
2,492 j 2,808
2, 556
2, 205
2,356 I 2,368
1, 999
2,449
854 i
660
539
537
554
458
556
589
77,270 I 119,228 j 142,318 149, 730 135,179 118,987 112,134 116,422

87,820
23,047
2,443
681
147,878

PAPER AND PRINTING
WOOD P U L P

j

Consumption and shipments:*
Total, all grades
.short t o n s . .
Chemical:
Sulphate, total
do
Unbleached
do....
Sulphite, total._._
do
Bleached
_.do
Soda
...do....I
Groundwood
do
Exports, total, all grades*...
do....
Imports, total, all grades*
do
Chemical:
Sulphate, total*
..
do
Unbleached*
.do
Sulphite, total*
„
do
Bleached*
.
do
Unbleached*
.do
Groundwood
._.
...do
i
Production:
Total, all grades
do
Chemical:
j
Sulphate, total
..do
]
Unbleached
do
j
Sulphite, total
..do
I
Bleached
.
do.... j
Soda
.
.
do
j
Ground wood
--do
|
Stocks, end of month:
j
Total, aH grades
do
j
Chemical:
j
Sulphate, total...._
do
j
Unbleached
....do
!
Sulphite, total
.....
do
I
Bleached
do
j
Soda
do
Groundwood
do....
Price, sulphite, unbleached
dol. per 100 lb__

PAPER

(2)

615,325

683,934

680, 313 677, 321 698, 400 645, 400 664,400

(2)
(2)
CO
(2)
(2)
(2)
32,256
65,554

262, 931
220,796
187, 490
118,986
39, 944
124, 960
16,873
160,688

296, 712
252,840
207, 194
130,696
47,053
132, 975
21,622
216,142

292,120
251,192
207,839
130,249
47,344
133, 010
20,985
272,049

11,253
7,062
40,188
21,247
18,941
13,187

703,600

765,400

742,100

735,700 j 743,300

311,000
270,700
202, 700
126, 600
46,900
137,800
15, 713
262,171

279,100
240,400
200,300
126, 300
40.700
125, 300
27, 333
158,827

285, 500
245,800
206, 300
125, 400
43,100
129,600
30,694
73,915

299, 400
257,100
224,600
143, 400
44,000
135,600
37, 417
109, 986

334, 400
290, 600
235, 200
146,000
53, 200
142, 700
57,923
81, 345

331,600
281, 200
226, 000
141, 500
50,500
134, 000
40, 864
93, 358

324,100
277,500
235,400
145, 200
47, 500
128,800
64, 702
86,426

334,200
I 285,300
229,400
139,100
44,500
135,200
60,379
83,040

47,032
57, 707 104,945 89,859 101, 363
38,645
78,493
79, 358
47, 539 92,659
89, 318 135, 795 143, 796 113,814 140, 279
40,042
56,398
53, 492 46, 204 48, 887
49, 276 79, 397 90, 304 67, 610 91, 392
23, 388 21, 527 22,163
30, 465 19,199

47,197
38, 750
96,109
33, 610
62, 499
14, 723

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

301,482
260, 360
198, 875
124, 253
48, 639
128, 325
18,537
235, 419

673, 634 672, 813 678, 521 713,600

(2)

576, 225

(2)
0)
(2)
(?)
(2)
(-0

256,731
221.696
171,090
108,486
39,944
108,460

(2)

140, 200 129,900 i 122,400 i 123,600

(2)
(2)
(2)
(2)
(2)
(2)
3. 46

24,S00
14, 400
80, 200
48, 300
4, 900
30,300
2.13

I 294,912
253,440
! 205,394
! 129,396
I 46,453
126,875

23, 000
15,000
78,400
47,000
4,300
24, 200
2.28

290,920
251,392
207, 339
130.749
47, 244
127, 310

297, 182
258, 560
198, 575
124, 353
48, 039
134, 125

21,800 i 17, 500
15,200 ! 13, 400
77,900 I 77,600
47,500 ' 47, 600
4, 200
4, 200
18, 500 24, 300
2.28
2.51

310,000
267, 600
213, 700
134,000
48. 300
141,600

647, 500 677, 700 708,600
280.400
239, 800
198,100
124, 200
41,900
127,100

138,700 I 140,800
16, 500
10, 300
88, 500
55, 000
5,600
28, 100
2.83

17,800
9,700
86, 300
52, 900
6,800
29, 900
2.85

284, 500
245,100
214, 000
133, 500
43,100
136,100

299, 500
257, 900
212, 300
133, 900
43.900
152, 900

774, 700 738,700 ; 711,800 747, 200
335, 700 327,100
291, 300 279.800
231,600 227, 500
144,800 ! 142,700
50,600 [ 51,000
156,700 I 133,100

322,500 1 344,700
276,800 I 294,800
221,600 237,100
135,600 144,200
48,200
45, 000
119,500 120,300

154, 200 159,200 I 168,500 ! 165,200 I 141,300 j 145,200
16, 900 17. 000
9, 900
9,000
94,000
81.800
01, 000 51, 500
6,900 ! 6,700
36,400 j 53, 700
2.85 !
2. 96

18, 400
10, 700
78,200 I
50,300 I
4,200
67,800 I
3.18 i

13, 900
9.400
79, 700
51,600
4,700
66, 900
3. 34

12,400 I
8,700
65,900
42,000 !
5.400 I
57,700
3.46 !

22,900
18, 300
73,600
47,000
5,900
42, 800
3. 46

i

Total paper, incl. newsprint and paperboard:f j
937,032 I 1,039,708 j ' 980, 385 •957,845 I 977,806
957,628 11,073,961 i 1,046,687 971, 482 974,568 I 895,059 ! 897,!
Production
short tons. _ I
Paper, excl. newsprint and paperboard:f
j
j 389,678
633,809 j 506,885 426, 342 416,102 395,874 j 369,670 398,896 489,923 514,683 K471, 457 r398,246
Orders, new
short tons..!
434,932 { 488,904 484,993 464, 540 459,547 I 413,634 405.824 433,189 I 479,257 i'454, 898 | r 445,705 438,569
Production
.
do
!
456,360 I 494,882 487,467 463, 241 439,603 I 393,352 397,553 421,506 j 484,801 [•'472,531 i'447,437 426,560
Shipments
do
I.
r
«Estimated. l
Revised.
•2 Domestic pulp used in producing mills and shipments to market.
Discontinued by reporting source.
All wood-pulp statistics (except soda pulp) for consumption, production, and stocks have been revised beginning January 1940. Revised data for January-August and
September statistics appear in the Weekly Supplement dated Nov. 14, 1940.
*New series. Data beginning 1913 for the new series on wood pulp are shown in table 37, p. 13 of the October 1940 issue. For data beginning 1931 on unit sales of electric
ranges, see table 52, p. 18 of this issue.
f Revised series. For revised data on "total paper" and "paper, excluding newsprint and paperboard" beginning 1934; see table 43, pp. 12 and 13 of this issue.




52

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the
September
1940 Supplement to the Survey

November 1940

1939
September

1940

DecemOctober November
ber

January

February

March

April

May

June

JulF

19, 231
6,624
17, 560
64.6
16, 693
15,076

21 195
7, o07
20, 928
72 1 !
20,107
lb, 110

8 618 I
Us 717
74 0
20 f 9 "
1 J, 089

» J 7
i W *
14 ( _ 7

August

PAPER AND PRINTING—Continued
PAPEE—Continued
Book paper: tf
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
Uneoated paper:
Orders, new
.
do
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, E r rjl v h finish, white, f. o. b. mill.._dol. p« r 100 lb_
Production
snort tons
Percent of standard capacity
. . ._
Shipments
rbort loTis
Stocks, end of month
.
. _<i ..
Fine paper:f
Orders, new....
d>
Orders, unfilled, end of month-.." .". do ~_
Production
. do
Shipments
.
_ do
Stocks, ead of month
_
d,
Wrapping papenf
Orders, new
do
Orders, unfilled, end of month
Production
Shipments.
.
.do
Stocks, end of month.
Newsprint:
Canada:
1"\T.( r h .

...

.

Si'ick'N at niill-, end )f month
C(nMi'»ii)ti >ri bv p u b l i s h e r s . .
Pr

c c , it»iN ' \

Y

dol

15, 754
8,853
24, 464
90.9
22, 864
16, 134

14, 532
4, 154
20, 938
SO. 9
20, 898
16,151

14, 998
3, 757
16, 227
56.4
16, 136
16, 665

15, 105
4, 084
14,925
55. 5
15, 667
15, 966

14, 594
3, 975
14,101
55.3
15, 479
13, 949

154,604 I 125.564 101,097
79, 436 ! 84, 515 j 68, 694

102, 430
61,368

91,400
47.479

85, 546
41, 760

98, 783 106,471
41,804 ! 48,031

5 65
111, 283

5 S(,
1K-.7, 1 !
91.9
1K-, 950
51 783

5 95
109. 930

5 9"
10,,. 090

55,' 249

59. S70

33, 887
12,862
19.401
75.0
20. 440
13,807

111, W)
:«'. S i ;

i!

UnnMMior:

5 70
117,290
93 6
117,079
51.010
37,
2\
4S,
47,

131
A'A
s24
r-Ji

H

H •+

5. 95
1S6

9'j'oO"

:s,4sr, ,

5. 95
101.422
s-2 8
100,087
5s\ 375

3% 150 !
22
M
42.
61,

Oil i lo. l)i
8'G
i \ 42')
757 I 4*>, 3 ' S
110
07. 7o5

J .",">, 156 i ; 0 "Ot
147. -1.7
f
H, "2s?
l\-\ 701
77, s~<'
1/V,, 037 1' ' . *7o 173, 92>
It.** 36") 1M, 7')1)
7s. 2' '
^0 0"<>

4S, 204
20,611
39, 756 , 12, 200
'V) Our, , 41. i.v,
64, 7G0
65, 913

3r», 97)
"7, V'J7
01, ( ^S

14u. 0T)

205, '23
111,020

119, in

12°, 379
61, 758

3"
20
10
47.
03

«21
224
Utn I
")04
797

197, ", 2

If \ M 6
i r 017
J >\ ' , 7

320 (

1U
9M

r

2;-i J3u >0, r^~,

27'J I1*!

2"J, V'7

2 " . 2 "9

20". 0"o

2^3.881

^O1 2(

'240, O'f.

251,01.:

lv>7. (|<

2ss. 7J.',

2U, sj.j

25'. 27'.

2«>\ 947

32 > T,} w" ,il

do

2*7. h ' ^
2(;0,5bi

2^'» Ji.O
1 si 0(U

•JS-N.'I
103, 400

:r, 1.020
211,2"'
109 M.2 17t» 2i.l

Ji'.oJJ
l(>0, 7'-2

2., ,'i-U
212. 7 C

?07. m
214,5.")

'31,141
2 i 3 672

5°.s 1
1H>, "f

2H,]s"l

2'7 "» "

« 11 f*°

J21,401

2n» ^^

2"4

in

* • 'HI

:u uo

-0s

7 - ."'1

*s v

",".

7 ' ' , Ji 1

*\4li)

" v . >l.

. d
"
r

7^

v

'

n ,).»
;7, s!.,
t

\ - > ,

"o (')
M

)2b

M >( ' " ' »

yw 2 i
,4 4 .

49 S ? i
-.0, ->
46 4^ )
4 " 7"(
'l/ii 1

22x ] « "

22j, "2

17 0 > S

r dw

/ 95 i
1 5 >51 l ' / > < v
1
8S 5
1 7
li>'# ' 2 5 311 72/
02 972 t 5 9 , " 1 1

do

\)( T '•hoi i U)\

"!T'!.

17, 7,7
10 ;>' 2
is. 000 ,

1 U 2.1
171. ^ ' )

l miiKMih ff-oia 151

' AI\UV

24,108
12,971
24,573
91.3
24, 516
13,897

122 001
."0.71.,-

11, 103
4 ^,7." J
1", iV

77
c

i
I
!
j
!
|

:l> I'n

50 0U

8.,, 277
^",412

s', j "
7'J,'172

">( f 1!

<2i

U (III

jn JO'
HS ' ^

s-i "f 8 i1

d
.

.

In t. u ««it to p n h i ^ n e r -

<:<

f

d >
}

O i d c r ^ , new
_
Order*-, unfil'.i <1, e n d of m o n t h
Production
_
_

.

W «ste {. uifr s-locl ss a f milis

d
oc
,j (

•>.,"
f|

2'

~->

4 ~
J

41"

,^"

7

shirt' P-

21 i

"'i

,

f

"0 701
•

S

"

"u

It
N")

"-

2 ' s i l»

) 4 0 , ,-{>"
2'H.M

i s j sf .
>l ^
2
^ i-

li'jt^

42,7''

2^ ,22s-

2*-<' i - . 1 .

; , " i 2

! J ' ij , , <

* J i. 1 t> l . n . v.«".
r ' »i
72 1
i," •)> 2',7. Hi 1

s](u,i
Jr '

.<sj 7 2 7

') t

42/621)

17 4 "

27'-> 4 f ' J

2 1,2","

->ls 2 i j

2

1 1 ' . 2 >t.

I l l 1 , H1',1.*

1«»*"., S.-ji;

2 u l *. <

I T (i

./-'I, 97'i
70 ^
2 4 ' 212

Iff). w22 ' 417. 500
t)9 1
7ii 0
251,671
2L'~. ."77

14 • - *

i N

4

_»
ii

47'» 244 41 i 7 ">^ -i2
77 1
"7 s
2 ^ " 7«'«i
Llf
* -

PAPER PRODUCTS
Coated abrasive pnp^r and cloth:
Shipments
.
n-fims
Paperboard shipnir.tr b o w .
Shipments, total
_ . . . mil. of srj. ft..
Corrupted
_
do
Solid iiher
"~d«»"._"~

95,362 I 91,707
.5.171
2i >

2, S20
177

2,524 !
2,380 I
144 [

•2. H I

95.478

:

84,253

2,01S ! 2,999
2,467
2,821
151 . 178

PRINTING
Book publication, total
no. of editions._!
New books..
do
051
New editions
dol___'
71
C o n t i n u o u s form stationery, new orders
]
t h o u s . of sets__ 102,317
Operations (productive activity)
1923 = 100...
Sales books, new orders
t h o u s . of b o o k s . J "in, 940'

110

99

H.2, 2°.O

H I . 2f)l

2.'. L'^l

19,3s7

819
133
134,001
SO
15,590

569
112

1.023 i
805 !
218 i

1,379 i
1,126 '
253

953
807
146

740 i
055 !
91 i

04 '
si 2

140,403
129,102 i 1 2 8 , 2 4 5 I 137,820 i 142.780 i 10.5,4!*:;
84
80 :
80 j
78 i
8 0 '••
7 "
IS, 301
15,910 i 17,399
17,387
18,537 : 17,999

niMAl AND PRODUCTS
CRUDE AND SCRAP RUBBER
Crude rubber:
Consumption, total
long tons,..
For tires and tubes (quarterly)
do
Imports, total, including latext
do
Price, smoked sheets (N. Y.)
dol. per lb__
Shipments, world
long tons_.
Stocks, world, end of month
' do__
Afloat, total
do
For United States
do
London and Liverpool
do-_
British Malaya
do
United States
dc_
Reclaimed rubber:
Consumption
.
do
Production
.
do
Stocks, end of month
do
Scrap rubber consumption
__do
r

50,

51, 402
102,646

57. 155

"78,"

37. 609
.213
88. 000
386, 000
134,000
68,310
39. 359
76, 228
136, 824

45, 622
. 199
115,000
401, 000
173,000
100, 500
37, 361
71,662
119,404

125,
200'
137
50
241,'

14,589
10,428
30, 287

15,583
16,830
21,384
38,321

I 17,423
I 19.549
! 21,694
!

55, 677 i 49, 636 54,978
! 115,695
42,586 I 71,631
72, 496
.202 1
.200 .196
86,000 j 88,000 108, 000
382,000 ! 379,000 434.000
171,000 ! 152,000 175,000
90, 285
114,044 I 91,095
20,000
36,671 ! 31,000
69,139
70, 214 96, 478
105,205 ! 125,800 142, 387
16,551 I 14,317
19,417
18,009
23,239 I 25,250
i 47,649

:

50,192 50, 103 I 51,619
j 92,937
i 43,088 ! 59,257 70,700 j 51,431
:
.188
I
.185 .192 !
.212
! 112.000 ! 112,000 93,000 ! 123,000
i 430,000 ! 444,000 465,000 I 471,000
! 193,000 I 211,000 188, 000 210, 000
I 112.257 I 113,619 102, 557 109,364
I 16,000 i 18,000 22.000
21, 000
i 86.223 I 72,054 92, 895
78, 485
i 134,352 142, 462 162, 494 161,485

j 49,832

16, 070
15, 370
15, 931
19.297 ! 17,992
17,234
27,418 I! 28,002 ! 28,488
I 43,037

46,506
88,668
53,889
.222
112,000
501,000
235, 000
119,136
19, 500
78,029
168, 245

- 0 , 474 :
21]
\

i >0, 001 >
•54s, ( o n
2"0,00ii

16,298 I 15,719 ! 15,844
16,568 ! 17,552
16.631
27,558 I 28,397
28,327
I 39,844

Revised.
fRevised series. For revised data for fine and wrapping papers beginning 1934, see table 43, pp. 12 and 13, of this issue.
JFor monthly data beginning 1913 corresponding to the monthly averages on p. 148 of the 1940 Supplement, see table 28. p.18. of the May 1940 Survey.
cfln recent months the number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.




in. urn.
57'' ( ('0
r

2 " ",iil 11
M l 2*1
'<<> U ' l ,
H i I~~~

F

JlS.L-02

f j

l\ 312
2s. I/A

H . 17^
17, 2!
9<i S )

53

SURVEY OF CURRENT BUSINESS

November 1940
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

September

1940

1939

1940

DecemOctober November
ber

September

February

January

March

April

May

June

5,415
5,720
1,999
3,626
96
10, 576

5,148
6,927
1,925
4,905
96
8,881

4, 706
4,315
858
3,347
110
9, 299

4, 621
4,174
705
3, 354
115
9, 732

4,359
5,721
74
6, S41

4, 027
3, 793
89
7. 094

4,314
3, 600
90
7, S02

July j August

RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Production
. . .thousands. _
Shipments, total
_
do
Original equipment
_
do
I
Replacement equipment
do
Exports
.
do
|
Stocks, end of m o n t h . .
_._..do
j
Inner tubes:
Production
do
I
Shipments, total
__..
do
j
Exports
do..... |
Stocks, end of month
do
j
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
. . t h o u s . of lb.

4,417
4, 512
1,465
2,941
106
9,886

5,076 i
5,658 !
1,219 I
4,294 !
146
8,080 |

5,392 !
5, 161 |
1,788 !
3,226 !
146 I
8,382 !

4,865
4,278 !
1,854 j
2, 276
148 !
8,918 !

4,469
4,727
2,613
1,979
135
8,665

4,954
4,270
1,805
2,360
105
9,348

4,107
3,970
84
7, 915

4, 457
4, 991
98
7, 206

5, 008
4,948
108
7,279

4,508
3, 967
127
7,710

3, 784
4, 394
92
7,036

4,287 i 4.211
3,827
3,810
76 !
71
7,634 i 7, 897

75,799 i

67, 877

! 4,888
j 4,112
| 1,974
I 2, 037
!
101
| 10, 124

5,007
4,346
2.050
2,203
93
10, 747

5.106 I
5,010 i
2,095 I

10,881

4,400
4, 114
60
8,183

4,618 I
4,543 j

4,739 i
4,739

57 I

78

8, 258

8, 243

60, 666

J

>8,188

RUBBER AND CANVAS FOOTWEAR
Production, total
Shipments, total
Stocks, total, end of month

thous. of pairs..
4,046
.... do
1 6, 200
do
| 14,232

„

4.713 I 5,332
6,452 | 5,916
15,218 j 14,619

6, 049
5, 473
15, 195

5,376 ! 5,044 j 5,062
4,869 j 5,128
4, 185 I 6, 389
4, 761 4.532 | 3,902
16,388
15,018
15,319
15,656
16,881

5,075 i '4,528
3,862 i 3,737
18,095 ! 18,886

3, 323
4, 507
17, 641

4, f>83
5, 808
16, 386

STONE, CLAY. AND GLASS PRODUCTS
PORTLAND CEMENT

|

Produci.iun
thous. of b b l . J 13,123
I'ercunt of capacity.
_
j
62. 8
Shipments
thous. of bbl._j 14, 760
Stocks, imir.hed, end of m o n t h . . . .
do
19,913
Stocks, clinker, end of month
do
j 4,853
CLAY PRODUCTS
Production

11,937
'56.4
13, 104
20,160
5, 254

i
j
!
|

12, 539
57.3
12, 829
19, 870
4,854

11, 053
52.2
10, 147
20, 779
4,824

9,488
42.9
6, 785
23, 449
5, 165

0, 205
28.6
' 3, 893
'25,759
5,617

5,041
24.8
'4,907
25,894
6.304

i
i
!
!

••7, 918 i
36.3 i
'7,716 i
26,118 |
6,487 I

10, 043
47.5
10, 829
25, 348
6,606

12, 668
58.0
13, 241
'24,758
6,071

19
12, 514 | 12,300 i 12,719
58.9 |
50.0 S
57. 9
S
14,025
13, 247 ' 13,452
24, 010
,55 ! 21,550
r
5. 15S
5,907
ur)9

j

. t h o u s . of pieces. J

(l)

Shipments--.
do
0)
Stocks, end of month.
do
! 0)
Common brick:
i
Price, wholesale, composite, f. o. b. plant
'
dol. per thous.-i 12.121
thiji'r.fins
...thous. of brick..;
Stocks, t'TM of month.
-do [
Kiuv brick:
i
Shiprr.cn*?: . . . ..
do
'.._.. . - . . .
Slocks. ei:d nf month
do.,..1.
Vio<,r iin<i w all i iU> shipments:
'
Quantity
thous. of sq. f t . . ;
Ynluo
thous. of dol -.
!
Hollow l.-uil'ling tilo:
shipments .
.
short t o n s . . . ; . - . . 1
;
Sto . '*s, crni of month .
do
Vi!ri:h'd j>W'JVJ, brick:
;
S h i n n i ' m s . . ._
thous. of brick..!...
<!•«-• \-. r ••;-ui «f month
_.._.._.._..do
!

148
160
397

1,282
1, 215
369

030
34b
330

12 OH
IV,, 201
4iio, 150

1,022 ;
958 .
375 !

107 ,i29
468, 357

1,043 .
877 i
268 ;

783
781
285

12 0S0

12 112

12 126

5 s 914
o')3, 367

M 2«
4sj, ui'O

12 124
I2fi 171
44J 425

2>>», 902

2 3, .37 3
2S1.3U

3t" 7*2
27'J UOO

J : ;i
M -122
,% )3S

749
710
271

J> ?, ~ 73

7sr,
4«i

833
788
281 i

726 i
743 i
282 j
12 132
170,7 s6
Ids, 147

t)0, 0l>3
351,726

ot 2* I ' i 2

(H
(n

282 I

(i)

(])

12 110
l^f., 172

VJ 101
102, N>~,

.07, 3 /

,01,012

' 06, 1

fi1,l«r
2"> . 20

01,877
j"0,670

5,710
1, J4!
79 0S0
1

>•)!,

fiO'i

2, 807
13,'Jil

I, 0v»
»- «7l

992 I
929 I

12 161
l 7 021
J'J2 1)7

r 0

2t 2 40

2 / 3 , ">2G

4. ">>'
1. In",

4 I2S
1 0O

790
788
284

SO, 002
'301, 6 is

s j , Si9
301,/50

v()
, sio
3-)7,2'»G

5 , 1 r>3

.c, 081
ti.OW

0,1 IS
V , J s>

4 )
70
i f 7i ,
i*J
')
4
( ,i"

4, 120
1
r> 2 '
2s-i
')' 2

HL vs«* PRODUCTS
'i

f

^

i ^ j

V
r

\;

)i

) CM

i'1

r v \ ' , '<»

r

v

2'0

i

4. ( t'1

5 V ->
11

" 3 07 .

1,
, j

, 9S7

I*

ti"

I'

i . 2f> >
* 1 .

101

4i
',

Mo

1'"
i» I > s ' I H

M,'::
M-< . . •
*o<\<\*
t " ' l i t ' « r p > . *
v1 i l l l< * ' 1 *
I r «
j
j . l , ^ \ J

do
. !' i

202
i

t' 3
i ' )

, " '0

r.

i2f|
~ •

'_s

j '

1

s

,7
'.

v

•

i

>' i t

i

o2)2 1I

1
«)

S1-

1

.!/

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01

SURVEY OF CURRENT BUSINESS

54
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
September

November 1940
1940

1939
uct0Der

mber

Novem- December
ber

January

February

March

April j May

June

July

10, 679
10, 133
25, 302

9,711
8,835
26, 730

9,418 11,174
9.244
12,390
26, 558
25, 335

August

TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
do—
Stocks, end of month,
do....

11,257
12, 762
23,830

COTTON
Consumption!....
.
bales.. 039,252
Exports (excluding Iinters)f__
d o — 90, 555
Imports (excluding linters)
.
do—
(3)
Prices received by farmers
dol. per lb..
. 092
Price, wholesale, middling (New York)...do
.097
Production:
Ginnings (running bales) • . . thous. of bales.. 2 3,924
12, 741
Crop estimate, equivalent 500-lb. bales, .do
Stocks, domestic cotton in the United States,
total
thous. of bales..
On farms and in transit
....do
Warehouses
do—
Mills
.
do....

11, 977 j 13, 194
12, 820
13, 156
23,861 I 23,923

10,411 I 11,702 ! 11,334
10,259
11,149 | 11,422
24,658
25,212
25,124

12, 987
12, 451
24, 482

.24,183 :'686, 451 718, 719 650,123 '731, 793
644, 328 '»• 885,182 583, 644 806, 720 j'1,035,416
9,667 I 8,717
10, 679
9,746
13. 678
.097 | .101
.088
,091
.087
.110 I .111
.098
.093
.093
6,682
22, 260

7,286
14,151
823

11, 097
11,465
24, 756

10, 660
10,108
25,854

661,771 627,194 623,098 641,636 565, 416 622 723 654,503
746, 680 433, 842 344, 609 226, 469 133, 530 '136', 751 64,743
9,504
11, 096 r 14, 292 12, 374 18,254
36, 613
10,153
.098
.100
.100
.100
.095
. 095
. 092
.102
.109
.111
.109
. 09S
.107
.104
111,481
i 11,816

10, 079

11, 110 I 11,276 | 11,412

20, 782
3,924
15, 441
1,417

19, 463
2,272
15, 457
1,734

18,112
1, 747
14, 554
1, 811

15, 018
1,229
12, 130
1,659

13,928
1,008
11, 373
1,547

12, 943
815
10, 709
1,419

12,189
788
10, 087
1,314

40, 494
11, 774
15.83
. 055
.009

35, 564
11,859

37,899 j 33,311 ! 33, 346
16,322 ! 10,332 | 9,415

34, 865
4,808

34, 943
5,813

13.36 | 12. 25
.054 j .051
.065 I
062

11.59
.049
.058

11.40
.050
.059

28,470
24, 627
6,608 ! 6, 329
i
11.37 | 10.68
.047
.046
.058
.057

16, 369
1,460
13, 179
1,730

006

32 i
11,414
773
9,540
1,101

COTTON MANUFACTURES
Cotton cloth:
Exports
thous. of sq. yd.. 24,413
G, 919
Imports
do. _. .
Prices, wholesale:
12. 20
Mill margins
..cents per l b . .
.050
Print cloth, 64 x 60
dol. per yd..
. 059
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth:
Production:
Bleached, plain
thous. of yd.. 132,912
108,029
Dyed, colors
.
do
5, 924
Dyed, black
.....
...do
104, 345
Printed
.
..do
Spindle activity:
Active spindlest
thousands.. 22,278
7,867
Active spindle hrs., totalt
mil. of hrs..
320
Average per spindle in place
hours..
96.7
Operations
pet. of capacity..
Cotton yarn, wholesale prices:
. 227
22/1, cones (factory)
dol. per lb_.
.325
40/s, southern, single, carded, Boston...do
RAYON AND SILK
Rayon:
30.8
Deliveries (consumption), yarn*...mil. of lb..
224
Imports
thous. of lb..
Price, wholesale, 150 denier, first quality 1
.53
(N. Y.)
dol. perlb..
8.4
Stocks, yarn, end of mo.J
mil. of lb._
Silk:
Deliveries (consumption)
bales.. 28,828
3,739
Imports, raw
thous. of lb._
Price, wholesale, raw, Japanese, 13-15 (N.Y.)
dol. perlb..
Stocks, end of month:
Total visible stocks
.bales.. 172,254
44, 454
United States (warehouses)
do

30, 023
11,189
14. 56
.054
.063

14.93
.053
.068 |

13.61 |
.053
.066 I

129,174 127, 278 127, 614 126,968 109, 278
100, 707 103, 328 97,199
89, 204 78, 468
5,060
4,612
4,776
4,889
4,581
106,916 110, 882 103, 563 98, 336 80, 744

' 22, 880
' 9, 245
'370
' 102. 8

r 22, 801 '22.553 ' 22, 289 ' 22, 213 '21,955
rg 267
r 7, 920 ' 7, 995 ' 8, 035 '6,960
324
'331
r 318
321
'2S1
89.4
'87.9
'94.6
'92.0

r 22, 231 r 22, 667 r 22, 785 ' 22, 780
8,040
7, 695 ' 8, 578 '8,810
322
306
353
342
100.7
92.5
'101.4
97.9
.277
.365

34.3
3,108

34.8
4, 062

.52
13.1

.53
9.4

36, 869
7, 262

41, 858
6, 936

2.993

3.271

89,160
27, 760

89, 135
35, 935

.279
.378 |

33.3
5,677
.53
7.7
32,241
5,423
3. 394

11.00
. 047
. 058

11.23

048
058

I

1
153, 025 173, 256 165,624 i 152,215 139, 289
106, 678 120, 460 123,154 109,419 101,511
4,597
5,524
6,516
8,322
8,056
113, 380 124, 201 117, 393 113, 100 111,666

.260
.351

24,409
"), 216

.248
.344

.228
.338

29.8
31.8
5,104 | 2,607
I
.53
.53 i
8.3
7.0 !

29.8
1,279

31.1
1,962

.53
10.4

.53
11.7

22, 485
2,175

21, 685
2,213

21, 740
2,494

.272
. 375

32.0
6, 750

.53
6.4 |
21, 128 29, 506
4,972
5,322
3.683
3.921

92, 527 109, 110
55, 610
41,927

. 255
. 350

.222
.338

.219
.321

32.2
571 !
.53
12.5

31.4
669

18,997
2,925

.53
12.8
17, 307
2, 356

3.061

2. 951

2.681

2.794

2.724

87, 025 83, 306
59,225 ! 50, 306

87, 087
45, 887

85, 798
42, 698

92, 485
43, 285

90,122
41, 822

120,709 ' 129, 250
92,116 102, 08 5
6,491
6,786
88,482 100, 752
21,919
7, r>48
'305
r
80. 6

r

.53 I
11.2 i
22, 760
3,827

<-•>••>

078
318
0.4

'10.0
30,18G
4. 701

2.540
115,111 I 151,698
43,211 I 4<\S98

WOOL
1C 09f
26,035 I 45,082 37, 212 38, 529 22, 065 18, 466 18,066 ! 17,502
29, 625 19, 832 22,909
Imports (unmanufactured)
thous. of lb_. 21,831
Consumption (scoured basis) :1
24 70S
28,431
19, 373
21,302
17, 709 17, 471 17,065
26, 436 22, 378 28,189
28, 609
33,984
25,006
Apparel class
do
5, 798
8,544
6,524
6, 0(51
7 571
7,340
9,703
8, 658
9,238
8,847 11,274
Carpet class
do , 7, 941
7, 665
Machinery activity (weekly average) :1
|
Looms:
j
Woolen and worsted:
I
1,407
1,209
1,129
1,088
1, 587
1,792
2,041
2,046 I 1, 853
1, 551
Broad
....thous. of active hours..! 1, '44
70
58
58
80
69
78 !
96
103
84
52
Narrow
.
do
60
149
125
152
195
186
200
197
|
221
213
196
183
Carpet and rug..
..„
do
!
1"
Spinning spindles:
|
68,147
60,
724
54,
658
55,
888
70,
764
73,
328
74,
381
74,
172
80,
428
81,
686
Woolen
...do.... 83,065
72 Q34
66, 718
51,173
61,167
71, 344 67, 472 51,750
84,179
81,961 106, 185 103,487
Worsted
d o . . . . 88,005
137
100
94
14/
127
133
157
144
168
87
137 |
Worsted combs
do
158
Prices, wholesale:
.88
.89
.90
1.02
I
.93
1.06
1.06
1.02
1.09
Raw, territory, fine, scoured
dol. per lb._
-92
.39
.35
.36
.37
.39
.49
.45
Raw, Ohio and Penn.,
fleeces
do
.40
i
.43 |
.46 |
.47
Suiting, unfinished worsted, 13 oz. (at
1.931
1. 931
1.931
1.931
1.906
2.178
mill)
dol. per yd.. 1.918
2.178 I 2.178 | 2.116 |
2.178
Women's dress goods, French serge, 54" (at
1.114
1.114
1.114
1.158
1.188
1.163
1.101
mill)
dol. per yd.. 1.114
1.188 |
1.188 |
1.163
1.163
Worsted yarn, 2/32's, crossbred stock(Boston)
1 2
1.250
1.300
1. 294
1.300
1.375
dol. perlb.. 1.288
1.338
1.415
13, 553 31, 759 44,896
1.450
1.456
24, 410
(3)
()
Receipts at Boston, total
thous. of lb... 29,961
3
3
22, ' \
41,472
25, 214 41, 790
8,104
(3)
(
)
(
)
19,
046
5,342
Domestic
d o . . . . 22,912
11,991
3,106
6,544
5,601
5, 449
5,363
4,678
3,247
Foreign
.
do
7,049
)
()
(3)
()
Stocks, scoured basis, end of quarter, total
•128,585
98,860
I
109, 533
thous. of lb.. I 127,423 118,514
' 47, 508
41,815 ]
44, 286
40,997
Woolen wools, total
do
41, 233
'35,183 i...
28,181 !
31,102
32,201 I
Domestic
do
I 29,378
13,634 I
'..
. . ! ' 1 2 , 3 2 5 !._.
13.184
8,796
i
Foreign
do
j 11,855
' 8 1 , 0 7 7 l.__
57,045
!
I
i
65, 247
77,517 '
Worsted wools, total...
do
86,190
22,825 I
!
! ' 5 9 , 4 3 0 |___
29, 776
57,260
Domestic
do
| 57,201
'
21,641 I . . .
34,220
I
.
.
.
I
I
35,471
20, 257
Foreign
do ! 28,989
1
Total ginnings of 1939 crop.
' Revised.
•Total ginnings to end of month indicated.
3
» October 1 estimate of 1940 crop.
Not available.
qnntfl. for October 1Q3Q and January April, and July 1940 are for 5 weeks; other months, 4 weeks.
^Monthly data^gimiiS? Jam?J?/l93ofcoiespondtog 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 ravon varn deliveries beginning 1923, see table 41, p. 16 of the October 1940 issue.
.
.
 t Dala^revised for^Z cotton year beg?nn1ng^ugust 1939. August 1939 data are as follows: Consumption, 030,667; exports, 214,541; active spindles, 22,010; active spinalc •
hours, 7,911.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

November 1940

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the Sep1940 Supplement to the Survey
tember

oo

1939
September

1940

DecemOctober Novem-1
ber j ber

January

February

March

April

May

June

July

August

TEXTILE PRODUCTS—Continued
MISCELLANEOUS PEODUCTS
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 lb_.
Shipments, billed
thous. linear yd..

3,528

40.4
5,697
3,155

46.5
5,784
2,660

44,0
5,927
2,250

30.4
35.7
6,014
6,403
1,334 i 3,275

34.9
6,431
4,447

4,562
6,243
5,807

3,578
6,371
6,482

3,132
5,413
5,556

2,797
5,038
5,148

2,398
4,930
4,844

2,886
5,131
5,053

40.5
30.4
38.8
41.0
28.8
6,541
6,498
6,437
6,539
6, 304
' 4, 237 ' 3, 813 ' 4, 263 ' 2, 403 ' 3, 372
2,227
4,769
4,978

2,118
4,772
5,003

2,040
4,102
4,504

2, 244
3,931
4,030

295

372

44.6
6, 400
4,206

2, 807
4, 435
4,430

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft§... number.
Exports
do...

391
62

439
43

344
62

271
294

241
206

9,005
1,090

1,913
934

4,874
2,386

4,901
1,947

4,980
2,258

5, 753
2, 591
3,162

7,834
4,493
3,341

1,202
586
18,140
9,461

19, 676
10,678

22,688
11,885
10,803

284

250
170

298
191 i

233 1

383

235

AUTOMOBILES

Exports:
Canada:
Assembled, total
......
number..
Passenger cars
.
do
United States:
Assembled, total
.......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
do
United States sales:
To dealers
do
To consumers
do
Accessories and parts, shipments:
Combined index
Jan. 1925=100.._
Original equipment to vehicle manufacturers
Jan. 1925=100. _
A ccessories to wholesalers
do
Service parts to wholesalers
do
Service equipment to wholesalers
do
RAILWAY EQUIPMENT

4,776 i 4,782
2,611 | 2,797

730
443

4,265
1, 521

6,299
1,382

8, 774
3, 523

9, 877
1,558

23,032 20,145
26,497
13,476 I 9,837 I 10,863
9,556
10,308 S 15,634

15,793
8,184
7,609

17,183
9,307
7,876

14, 609
6, 463
8,146

11, 263
3,727
7,536

6, 539
2,339
4,200

165,304
96, 272
646
216,818

170,151
96, 518
72,980
654
201,068

166,922
95, 038
71,241
642
162,101

160, 034
92, 744
72, 626
664
141,977

137,961
71,574
65, 774
613
42,111

65
34,135

79
37,619

71
37, 762

()

(2)

(2)

()

16.612 19,687
17,213
18,193
12, 579 12,779
12,025
13,487
432,279 404,032 i423, 620 432,746
362,897 337,756 352,922 362,139
69,382 66,276
70,698 70,607
2,164
1,850 i 1,918
1,823

21,277
12,677
391,215
325,676
65,539
1,744

17, 930
8,739
344, 636
286, 040
58, 596
1, 266

14, 4G8
3,397
231,703
168, 769
62, 934
825

353,239 ! 345,748
55,982
51,553

318, 615
43, 504

315,246 211,031
50,913 j 48,980

I

94,316
46,586
47,313
417
65,310
77
35,804

109,793 113,941
64,000
59,525
49,734 49,463
534
478
130, 332 134,922

67 I

119,637 105,277 110,371 143,483
60,395 83,054
69, 705 59,160
49,408 45,617 49,487
59,879
489
500
524
550
179,930 189,184 I 187,466 212,331

37,471

33,737

76
37,869

59
31,824

74 I
68
30,600 ! 35,358

15, 475
3,410
269,108
224, 470
44, 638
1,356

3,922
11,297
3,494
7,791
188,757 313,392
161, 625 251,819
27,132 61,573
1,585
1,882

16,756
9,882
351,785
285,252
66,533
1,783

16,976
11,054
452,142
373,804
78,338
2,071

148,000
39, 224

141,633
32,983

231,571 | 246,544 I 260,216 224,625 312,371
41,286 I 37,460 1 45,650 41,336 I 53,093

13,993
1,510
75, 873
46, 823
29, 050
1,075

j

124,

692

116, 031
97, 527

212,586
37,923

53, 072 144,350 | 200,071 j 207,637 | 181,088174, 572

193, 522 196,747 ! 185,548

167,310 I 110,659

47, 606 129, 821 180,133
56, 789 110, 471 162,881

181,066 183, 900
174, 625 183, 481

171,024
165, 820

151,661
173, 212

99, 6G4
145, 064

188, 839
156, 008

164, 925
120,809

160, 458
123,874

24, 019
21,154
100, 782

143

178

156

164

170 j

157

140

126

151

133
94
173
106

159
106
183
101

154
107
167
91

177
101
127
87

201
91
141
104

167
86
145
118

174
82
158
139

178
91
174
140

162
89
172
131

139
80
165
117 i

101
93
172
120

147
98
196
126

1,644

1,642

1,641

1,638

1, 610

1,645 1, 648

1,649

195
12.1
23, 028
18,193
4,835

168
10.4
28, 906
21, 025
7,881

159
9.8
36,193
28,116
8,077

154
9.6
37, 049
27,412
9,637

155
9.6
34, 509
24, 652
9, 857

0,985
17.0
44
20
24

6, 507
15. 9
51
17
34

128

i

(Association of American Railroads)
Freight cars, end of mo.:
j
N u m b e r owned
thousands-.. \
1, 642
Undergoing or awaiting classified repairs
j
thousands,.
131
Percent of total on line
8.1
Orders, unfilled
cars..; 16,892
E q u i p m e n t manufacturers
do
i 9,010
Railroad shops
do
I 7, 882
Locomotives, steam, end of mo.:
•
Undergoing or awaiting classified repairs
j
n u m b e r . - j 6, 276
Percent of total on line
j
15. 7
Orders, unfilled
number^_ I
130
E q u i p m e n t manufacturers
do
!
118
Railroad shops
do
j
12
(U. S. Bureau of the Census)

7, 558
18.3
64
42
22

6, 496
16. 0
70
30
40

6,604
16.2
59
29
30

i
|
j
!
!

1,645 |

1,642

1,641

164 |
160 ]
9. 9
10.2 |
17,460 ! 15,039 !
9,772 i
11,051
5,267 !
6,409 i

153
9.5
16, 933
9,974
6,959 !

144
9.0
19, 765
13, 477
6,288

138
8.6
18,456
12,278
6,178

6,781 1
16.8 I

6,653 |
16.5 j
97 i
84
13

6,506
16.2
115
106
9

6, 226
15. 5
114
108
G

146 !
124 !
81 !
43
35
5
30

232
209
87
122
30

6, 675
16.4
54
32
22

!
!
!
I
i

III
18 1

i

272
251
126
125
40
0
40

136 I

165
140 '
30 ;
110 j
47 |
19
28 i

184
140
27
113
35
o
Of)

155
113
21
92
39
6
33

Revised.
1
Not available. 3 Temporarily discontinued by reporting source.
SDesignation changed from "commercial licensed" or "civil aircraft" (1940 Supplement).




6, 324
15.5
77
36
41

155 !
155
9.6 |
9.6
28,112 ! 21,112
19,159 I 13, 546
8,953 | 7,566

i

Locomotives, railroad:
j
Orders, unfilled, end of mo., total...number.. |
Domestic, total
do
j
Steam
.
do
Other
do
J
shipments, domestic, total
do
j
Steam
do
!
Other
.
__do |
r

8,125
19.6
68
0)
0)

1,643 !

158
119
40
79
24
1
23

146
112
35
77
32
5
27

139 {
108 i
28 |

80 I
39 |
32 |

170
144
72
72
44
6
38

!

j
j
!
i
|
|

152
126
70
56
37
2
35

277
109
143
54
8

56

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
Septo the sources of the data, may be found in the
tember
1940 Supplement to the Survey

1939

1940

Sep- I October ! N o v e m " \
tember I U c t o b e r | ber i

TRANSPORTATION
RAILWAY EQUIPMENT—Continued ]
(U. S. Bureau of the Census)
j
Locomotives, electric, mining, and industrial j
(quarterly):!
!
Shipments, total
number...j
For mining use
„
do ;
(American Railway Car Institute)
\
Shipments:
;
Freight cars, total.
number..! 2,822
Domestic
do j 2, S22
Passenger cars, total
_
...
do j
10
Domestic.
do !
r
(C . S. Bureau of Foreign and Domestic Commerce) j
Exports of locomotives, total..
..number..
Electric
do....
Steam
_
..do i
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total
Domestic
Exports

.
-----

November 1940

January

ber

February

March j Apri] I May

July

August

EQUIPMENT—Continued

S8 i.
87 .

86

799 i
740 i
22!
22

June

1,160
1,110 I
12 !
12 |

2,616
2,616 i
54
54

S i

13 i
12 j
1 i

i

4,366
4,136
36
36

!
I
!
|

80
'76

!

5,160 |
5,083 I
0 i

5,242
5,142
14
14

0 !

6,588 !
6,488 !
4 |

11 !
10 j
1 !

16
10
6

1, 580
1,478
5
5

3,260
3,060
6
6

5,900
5,400
1
1

1,496 1
1,496 |
2S |

14
12

26 i
9 !
17 i

!

2, 354
2. 354
12
12

13
3

!
!

number..!l
..do
do j

0)

90 j

140

129
93
36

70 :
20 1

152 j
118 i

;

131
112
19

34 i

125 |
119 i
6

132 j
119 ;
13 !

147 i
137 ]
10 !

109

98
11

135
121
14

0)
0)

CANADIAN STATISTICS
Physical volume of business, adjusted:
Combined indexed
1926=100.,
Industrial production:
Combined indexc?1
do...
C onstruction
do
Electric power
. . . do
M anufacturing cf
do
Forestrycf
do
MiningcP
do
Distribution:
Combined index
_..do
Carloadings
do,. _.
Exports (volume) cP
do.._.
Imports (volume) cP
do
Trade employment
do
Agricultural marketings, adjusted:
Combined index
.....do—
Grain
-.
do

125.8

133.1

133.0 i

133.3

13S.6

131.2

!

123.0 i

151.0 \ 140.6

128.3
48.6
246.0 i
121.3 j
130.7
223.2

139.7
43.2 ;
245.6
143.7 :
139. 3
194.2

i39.o;
40.3 !
248.1 !
136.9
128.7 !

145. 2

136.2
61.6
239.8
134.2
125.4
200.9

;
!
\
!

127.0
61.2 i

236.7!

138. 2
61.7
239.2
136.9
127. 6
202.4 i

123.3 !
119.0 !
185.7 j

159.8
97.4
247.1
142.4
152.0
318.7 !

118.4
95.6 i
112.8
102.0
138.0

114.3
80.0
106. 9
99.7
138.3

115.8 i
84.0 |
114.3 i
102.1 !
137.3 |

119.1 ; 119.7 :
82.6 i 86.7 !
123.7 i 130.5
108.1 i 109. 7 :
141.8 : 139.3

116.8 I
83.1 I
106.3 J

111.5
73.4
96.8
83.5
141.7

96. 5
96. 0

151.1;
166.2 :
83 2

101.3 ;
107.1

134.8 I
148.0 ;

174. 4

196.5 .

Commod t \ { ' < Ob
Cosr of l u . ' u
i))'
>=1 "
1
\v holesale pi res
'-'* =1 M
rmt^loMnent uirst of m o n t h , \ini i
do
Combined index
do
Cons' 'net on "rid in unM r mi <*
M m ifictur'ii«
Mining
do
1 1 I Io
10
it on
1
m a m (.
Of
\r\
Bank d o b u s
u hr
( o ' i n or' n i f u'un.>
111 1*"\ +
T 'f ins irx uc «. lies now \w 1

21 1

V 1. \t
w v i it r
Imp »• ^
'v \
(

1

1

1

101.3 i
105.7 :
SI 9

j

i
|
!
!
;

152.5

269.7
139.8
142.5 :
229.9 i

151.1 ,
70.8 i
279.3 ;
141.7 :
163.1 ;
'263.7 \

101.6
90.7
2»V2.9
151.7
159 3
274.3

125.7 i
84.6 I
169.5 !
136.6 !
140.4 ;

122.6 I
89.5 ;
141.0
107.6
M2. i :

123.2
87.8
152.8
106.6
142.9

125.5 !

126.5
91.7
152. 0
121.0
143.9

60.4
53.4
91 7

114.7 i
122.7 '
79 0

36.7 '
29. 2 ,
70 1

i'4 i

in 5

os 1
1 >0
W>s 4
13' 'S
•i

5') 4
122 u
it,7 1
1)2 b
P19

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x 0

r; 7
qi
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l

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s* 7

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b3

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J"

1J0

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J

2,113

t

o f)37
',3 4

91.7 '
M. 9
81.4 j

till X

\\)2 2

101 9 !
M.6 |
12-) 9 !
90 5 !
12*1 2 !
166.7 i
142 5
140 7
90 3

Q

r,
i
^
1

111.8 !
143.1 i

l

Kit <J
V 1

12') 7
K4 5
SS

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J

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r

i

Mit

"I 1
<(
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(>

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123
164
Hi

96.9 i

138.0 !

]2i

7

nr> o
1 .11 i

• i

1

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VI 1 >•

°2 218
2

lo

v

!

139. 6 |

116 i
fis S

122

125 •
117 (»

]"> 2
l! \

It

C > 1 IIiO'l V o
r 411 K i it ^
1 \ - ,rK I t J

107.4

239.0 '

144. i

147.6
83.9
274.2
132.9
160.0
269.2

101 f
So 1

M 2">*.

> ami ! IK

> u1

\ *w

52. 1
243.4
146.8 ;
142.4
215.6 ;

141.3

146.9
76.0

1 7

I
s

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r

:

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i* i P \ O T i i^« r T i n a l period in an a t t e m p t
tV \}«ii l i e JT, trade 3*ear coinciding with
i ^' si i< r J U i r ti'icial increase as compared
f
(.f'ML ' O ' i ' " j a j i e s are component factors.
i \
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>
if

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1

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.

f.

S O Y E R N M E N T

P R 1 H T 1 N S

O F F I C E :

1 9 4 0

I^DEX TO MONTHLY &USIK&SS STATISTICS
Page
N
< i ^^ U j ' * AT I O N , BY M

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financial
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24
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20,22,54.
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33,34
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50

INDUSTRIAL REFERENCE SERVICE
The Bureau of Foreign and Domestic Commerce
announces Industrial Reference Service
This service is inaugurated to provide comprehensive current data that can be maintained for easy reference.
It consists of a series of reports, issued in 14 sections by commodity groups.

These reports cover important com-

modity and industrial developments in the United States and foreign countries.

Their subject range includes data

on production, distribution prices, standards and specifications, export and import trade, foreign tariffs and
regulations as applied to specific commodities, the results of domestic market research, and foreign market surveys.

The 14 parts into which the Industrial Reference Service is divided are:
CHEMICALS AND ALLIED PRODUCTS, Parti: Industrial chemicals MOTIVE PRODUCTS AND EQUIPMENT, Part 9: Aeronautical
and allied products; organic chemical products; drug and toiletry products; railway equipment; motor vehicles, including cycles and
products; plastics; paints and allied products.
marine; highway products,
ELECTRICAL PRODUCTS, Part 2: Electrical and communication
roducts
FOODSTUFFS, Part 3: Canned and dried foods; grain products,
including horticultural; meats; livestock; fats; oils; sugar products;
tropical products; perishable products,
FOREST PRODUCTS, Part 4: Lumber and allied products; pulp
and paper products; cork.
LEATHER AND ITS PRODUCTS, Part 5; Leather raw materials;
leather and leather manufactures,
«- - ~.,.~..~~... , , , ~ « ^ , w « ,,-,»,,„ ^
,
MACHINERY AND EQUIPMENT, Part 6: Agricultural; construction
operated; office supplies and equipment.

_ „ „ „ „ nxrr% ._„ T « ™ T T ™ n « ,~ ^ ,
RUBBER AND ITS PRODUCTS, Part 10: Crude and synthetic rubber;
rubber manufactures.
C L A y ^ R m G L A g s P R O D UCTS, Part 11; Stone; glass:
pottery and other clay products.

STQm

TEXTILES AND RELATED PRODUCTS, Part 12: Cotton ma'i J .n •
* k n i t goods; raw cotton; waste and linters; si!k# raycr, ina.
synthetic fiber products; wearing apparel; furs; textile sp^ :<• *•*$.
wool; floor coverings; linens: laces.

imes

manufactures; cigars and cigarettes; snuff; nicotine; extracts, i •; v:: -

METALS AND MINERALS Part 7: Iron and steel; foreign construe
tion; fuels; hardware; nonferrous metals; nonmetalUc minerals.
MOTION PICTURES AND EQUIPMENT, Part 8: Films; cameras;
projectors; sound equipment; educational and industrial motion pichires; film markets.

p ROD UCTS, Part 14: Amusement, athlefcc ^r
ro ,,:,
fire extinguishers and safety devices; graphic arts; jfv.V.rv, notions and novelties; scientific and professional eo^c ; , .
goods; photographic materials; toys.

SpECmL

gocds. {ireQrms; m u s i c a i instruments; brooms; brusheSf

The Industrial Reference Service is distributed primarily through annual subscription. The entire service, 14 parts, is availalxe : '. ,;;
per year. Single parts are available at $1 per year except Machinery and Foodstuffs which are $2 per year, and Chemicals V.VCL - N 4
per year. Subscriptions may be entered for the entire service, for a single part, or for any combination of parts. Single copies of ire vi . u
rtffcorts are available at 10 cents each. Each report is issued in standard format, paper size is 8>2 x 11 inches, punched for a sianaarc t leering binder. Binders are not available through the Bureau o! Foreign and Domestic Commerce but may be obtained from most off'co -••* r'\
firms.

SPECIAL SUBSCRIPTION OFFER
All subscriptions received prior to January 1, 1941, will be entered as ol January 1, 1941, but subscribers will receive, gratis,
all material for the remainder of 1940, The first mailing of material was made October 29,1940, Thereafter, material comprising each of the 14 parts has been mailed whenever available on Tuesdays, Those who subscribe to the whole service, 14 parts^
receive some material each week. On the other handf those who subscribe to a single part, or to two or three parts, do not
necessarily receive material every week. However, all material received by the Bureau for inclusion in any part of the
service will be edited and released as rapidly as possible,.

• SUBSCRIPTION REMITTANCES, by check or money order payable to the Bureau o£ Foreign and Domestic Commerce,
should be forwarded to the Bureau in Washington, The service is NOT available through the Superintendent of Documents.