Full text of Survey of Current Business : November 1940
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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 ^, i i o t - U < M T , H p i a , u n.r Iudc iMPfuj. papers C i u r r it* d ttook a n d g n u n u w o o d 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 pixi ui^ m ^ n t ' n m d <o \ . r <li\ l ^ u p s ( i i o u p ( " , <\<uw n a ! n \ e <i^ w r a p p i n g p a p o i , i n c l u d e s f I ) r o d u c t s o t t h e s u l p h i t e , k i iff. c l l s v ^iiii t ' r d Lrea^c p i o u i u i i^ioi s ol t i n I S ^ . K I U I O H , i h i ^ ^ m I,MIV-I?II n w s i n i i ot il ( w » i p l ' i ' i u p i i > e r ^ r u 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 i \ o n w a ^ I M 1 ( n d i '1 tfi n a k c t i n 1 d W K u » t i m ' s w r i p r 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. 5 115. 1 93.0 74.7 105. 6 98. 5 116.9 65. 8 104. 5 100.0 121.0 135. 8 123. 5 | 121. 6 313.5 j 119.5 I 141.4 | 111.8 97.4 95.8 115.1 114.1 90.0 73. 6 103. 5 95. 9 116. 1 59. 0 103.9 99. 7 121.0 136.1 123.2 | 120.9 | 313.3 104.4 J r 142.3 108. 6 99. 3 98. 3 114.6 113.0 88.0 73.0 105.5 95. 5 123. 7 6]. 7 102.1 97.4 123.4 135.2 124. 4 121. 1 ! 305.8 I 119.7 ! 142.5 ! 103.6 ! 94.2 93.1 113.8 112.0 81.7 69. 7 98.8 88. 3 118.6 63.8 99. 2 95. 0 ' 118.5 119. 4 110.0 140. 1 138, 3 ' 111. 6 124.fi r 123.5 126. 4 r 122. 7 122.9 121.8 I f 123. 2 306. 9 307. 7 306.0 | 304. 3 <- 146, 0 135. 5 120.7 I 121.7 ' 146.6 147.0 I 147. 1 144.8 '• 1 0 6 . 8 105. 7 I 108.2 111. 1 r 86. 8 92. 0 86.8 91.6 84.6 ! 84. 8 90. 7 '91. 1 115.0 I r 115. 2 114.5 r r 1 \',\. 0 117. 1 115.2 I 116.2 r So. 8 S3. 5 83, 4 83.8 70.5 68. 5 69. 3 69.0 r 91'. 8 03. 7 94. 5 96. 0 8b. 0 I r 9U. 4 85. 7 87.0 r 104.9 107. 9 112.2 116.8 62.4 | r 64. 4 6° 2 61.0 '• 103.6 90'.2 100. 2 101 101.4 95. 2 72. 4 102.4 92. 6 120. 4 65. 8 104.8 104. 0 112.0 96.4 105.9 110.8 112.1 110.4 107.0 102.7 100.8 101.2 123 102 101 95 115 99 122 106 124 106 122 104 117 101 110 08 107 97 109 95 115 82 76 76 100 75 101 72. 0 94 65 100 70. 0 91 63 72 99 68. i 00 61 71 98 67. 2 00 60 67. 9 90 61 73 100 67. 4 90 60 113.4 113.6 113.4 113.4 71 97 67.4 87 61 75 103 69. 4 89 63 105. 7 103 66 110.6 93 66 112.9 99.8 141 138. 9 111.8 82.." 115.4 97. 2 100. f 91.2 100. 4 108. 9 "iO3.7 107.3 r 111. 1 120 123 r 99 '78 98 " 60. 0 00 60 116.6 - 120.0 114.9 136 133 136 139 136 ' 107 108 116 95 183 160 110. 1 137 85.0 64 109 101.3 1,767 100 133 109.2 97 191 153 111.3 138 85.4 j 121.3 137 126 121.9 128. 1 146 102 96.8 95 112.8 109 86. 1 70 103. 4 93.9 120.4 64.4 119.9 132 125 122 309 126, 9 140 103 97.4 96 115.0 114 91.2 74 106. 0 97.7 120.4 63.5 99.9 82.3 129.4 ! 101.5 i 79.0 | 100. 1 87. 5 91.1 r 83. 9 90.9 98.6 86.0 132.4 104. 8 82.5 105. 0 90.6 95.7 90.0 89.4 98.2 87.7 137.0 105. 5 82.8 107.4 91.3 97.0 91.7 92.1 98.4 i 87.8 i 140.4 i 105.8 i 81.9 ! 106 2 ! 91.4 ! 97.8 [ 91.4 ! 92.9 : 101. 0 78.5 93.3 101.8 80.3 95.7 102.6 ! 80.4 \ 94.9 1 1,512 102 128 105. 7 116. 4 122 123 122 297 98.7 74. 90.0 310 | 129.6 | 145 I 106 99.1 ! 98 ' 115.7 115 93. 1 75 107.5 99.7 120.4 63.1 102 102 102 133 98 197 144 111.7 137 85.8 66 I 111 i 113.1 2,050 111 i 140 ! 107.9 j i 134 132 134 101 103 175 91 170 145 107.0 130 81.9 61 106 105. 6 1, 605 108 132 107.6 155 129 99.2 115 79.0 59 100 103 124 99 108. 0 137 133 92 101.7 03. 3 116.2 103. 7 103 181 121.4 141 127 121 301) 127.1 145 109 s0. 6 88 1 15.6 117 81). 8 113.3 m.7 133 123 188 105. 6 118.8 I 120.8 j 136.2 125.9 125 111 103 245 138 18. 6 146 82. 8 61 109 125.3 r 122.8 135. 6 123. 5 121.3 309. 0 118.8 143. 1 107.4 98.2 97. 7 114.4 112. 6 87. 2 72.3 102.9 90.7 126. 6 63.6 100.4 05. 9 118.0 123. 6 122. 1 123.1 300. 2 150. 7 148.0 101.3 97.8 96.5 113.2 108. 8 86. 0 70.0 104.3 93. 3 124. 8 66.4 97.5 88.9 9ft 70. 5 90 64 122.4 ' 84.5 64.4 106. 9 '" 102.6 1.872.2 r 86. 4 170. 1 |' 181.0 r 107.6 103. 3 ' 82. 4 64. 1 ' 103.8 65 I 109 112. 6 1,905 112 139 108.9 138 126 122 311 131.4 145 108 96.9 96 116.4 115 92,4 105.'8 96.9 121.6 64.7 | 88.6 118.8 64.3 97 215 153 105. 9 125 79.8 59 104 109.7 2, 124 i 106 ' 148 103.3 121. 1 136 123 122 312 128. 8 144 107 91.9 90 114.3 112 83.9 70 96. 6 87.8 112. 4 65. 0 97.1 ! 96. 1 86. 0 ". 85. 9 136.2 I 135. 7 104.4 : 1.04. 0 80.8 80.7 103.4 I 103. 5 89.7 i 90.9 95.6 i 95. 3 88. 9 88.3 91.0 • 89.5 96.9 ! 85.4 i 134.6 I 105. 2 78 0 103. 7 91.5 94.3 86.8 90.9 98.5 84.4 134.9 105. 4 76.3 103.1 89.3 93. 1 85.3 90.0 | I 101.3 I 78.4 i 94.6 i 102.7 ! 77 6 ! 95.3 ! 103. 5 | 102.6 76.5 ! 77.0 96.2 l 97.0 121.4 ! 138 ! ! ! ! I i i ! | j I ! i ! 98 204 144 107. 5 128 80. 8 61 103 110.8 2, 062 ' 107 146 106. 6 1 120. 6 138 124 96 220 155 106. 0 124 78.9 5S 103 109. 9 2, 260 105 154 103. 1 310 130.7 144 108 97.3 96 115.5 114 90.2 74 104.4 95.0 121.3 64.2 \ i j | I ! | ! I I ! i ! ! i 309 130. 8 144 109 95.4 94 114.7 113 87.9 73 102. 7 93.1 120. 0 100. 8 78.1 94.6 97 209 145 106, 6 127 80.0 59 105 111. 1 2, 075 107 148 | 104.8 | 120.0 137 124 123 304 130.3 145 110 93.8 93 114.8 113 86.7 72 99.1 152 97 228 141 r 108. 2 128 79.8 58 103 ' 109.9 2, 445 102 164 101.1 98 238 145 110.7 132 81. 5 (',[) 1(16 ••' i d s 175 105. 2 121.0 13s 124 122 308 120. 0 146 111 00. 0 SO 11". 4 122 2 ~137 121 122 311 129,1 | 145 | 107 87 9 i " 86 I 115.3 I 115 I '83.;; ! 69 96.3 ! 87.7 I ni.fi 63.2 ! 131, 9 146 109 80. 6 s< 115. 7 1.16 ' 81, 2 98 9 84.7 136. 5 106. 0 74 9 103. 8 88.4 92.7 84.3 90.4 100. 9 85. 5 137. 6 106. 4 74.6 105. 6 88. 5 94.0 85 5 92^4 99. 3 86.9 ! 136.2 | 108. 0 102.6 I 77.2 ! 90. 9 i 105. 7 78, 7 07. 7 122. 6 123 315 r r l.v; 105. 7 122.2 ' 141 126 122 306 r 129.9 146 108 SO. 1 71 r f,l) 96. 8 88,0 112.4 65. 2 101 <• 145 r 115.7 140 r 81.8 60 ' 107 ' 11s. 7 •" 11)1. 1 r 92. 6 116.1 62. 8 r 116.! r 63. 0 137, 3 r 110. 5 70. 0 111.3 106.0 i 03. 0 8s*. 9 >• 07. 4 94. 2 ' 80. 6 05. 0 108. 0 80.2 101. 3 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 ( it\ d ( onhnihd ' A " - ! i t i - i v l < i> < ( i m d i i s t . i il n t i ( OIHm 1'iJ', Mil»\ n . k c e . \l\\ ^ Oik I ' h n i d i Iphi i . . I'UKbuJi "V\ llniiM >i m \ o n m a n u l u hirirvT, u n idju^'t hi and 1!. 100 hig ind (ii ~t M) > "»0 IPIPST 2 40 1 81 1 ~t ' h 62 M '»? 1 IM 0 61 do M ) do d) * > t MO 6 (,<) 2 7s M ',6 1 IK 1 M 101 s 101 2 <\o do 102. 9(i. 97. HS. 87. >, 7 2 9 ss \ T)o>\< I T Vuii round hotc i» 1 i M M5 8-! 7M 79 U Mo s ^» r \ i(( s i >\ i ]()! (\o do fi <> uo ^ i i i ( t i . u l w i \ ^ in I b is>( -,| 1 ( k ( i h o m i n d ti 1( g t a i i i , 107 i Ms 0 (i 10") 1929 -100 B i t u n u out, coal M( l a l l i i i - >u^ C i u d i p< l i u i i i n n p r o d i u i h ~ Q u i n \ i" ( : r m 1 n o n m e t a l l i c P u b l i c iii'Mtu b 2" 192 2 " m o (If i*J2> 2 " - idli . i>. do ( S J )ojjarrt m i i ol L i b o n . M nun J. \ n l ' n a c1 i t o I 1< c t r u ( i n H (f i)i t t o i t 0 17 'J i \\ ' 1 ' 1< d o d i 1T1 r C 112. 1 104. 9 101.6 92 1 85.5 92.0 89.0 110.7 97.2 95. 9 86. 6 90.0 88.0 110.3 99. 9 98.4 84. 7 88.4 88.6 108. 8 99.1 93. 7 83.7 86.1 90.0 102. 6 99. 4 91.1 82.0 86.2 89.9 96.0 100. 0 88.4 83.0 89.6 89.6 80. 9 92. 1 89. 6 lOt 0 95. 1 86. 9 93. 1 90. 0 51. 9 93.0 65. 3 64.3 48.0 51. 3 94. 9 66.5 63.8 47.1 51.0 92.6 67.3 63. 8 44.0 51.5 91.8 66. 4 63. 2 37.8 52.0 91.7 66.3 63.0 38.3 52.6 89. 7 66.2 63. 2 41.0 51.6 86.2 67. 7 63. 1 44.5 52. 2 85'1 69.2 63. 3 46.9 50.2 83.8 70.3 63.8 47.9 90. 4 69. 5 76.5 90. 3 69.3 76.1 90. 1 69. 0 75.8 89. 1 68.8 76.1 89.2 68.7 75. 9 89. 3 68.2 76.0 90. 3 68.3 76.7 90.6 68.4 77.3 91.2 68. 5 77.8 97.5 80. 2 84. 5 91. 1 r. 4.1 93. 4 101.4 97. 1 r 87. 9 r 93. J 87.5 88. 8 50. 84. r 71. 63. 50. 3 86. 6 71.5 03. 4 48. 8 8 9 0 7 r 48. 1 r 08. 4 7S. 8 92. 9 r V)H. 4 78. 0 1 91 i 105.1 96. 0 92.9 97.8 95. 6 91.8 97.4 95.6 90.8 94.0 96.0 91.3 93.7 95. 8 92.1 99. 5 96. 2 92! o 104. 5 97.2 92.7 108.7 99. 1 93. 4 112.6 102 1 92.0 r 10*. 2 r 102.5 '• 1)0. 3 105.9 102. 8 90. 6 M S MO 1 M" s, 00 5 91.7 98. 9 92.4 93. 3 105. 9 92. 1 104. 2 146. 4 92.2 87.7 89. 3 90.6 87.0 87. 9 90.2 91. 1 96. 4 90.5 89.8 92.9 89. 3 91.2 95. 1 88.9 91.9 9(3. 2 89. G ' 89. 1 90. 3 r 89. 2 88. 4 8S. 9 90. 0 i, S 47.9 262, 760 133,904 128, 856 44.2 227, 233 112,816 114,417 41.3 185, 661 81,845 103, 816 31.6 145, 707 42, 960 102, 747 31.1 163. 592 43, 267 120, 325 31.2 164,726 60. 417 104, 309 35. 7 205, 164 93, 726 111,438 42.9 258. 162 131,970 126,192 47.6 286,100 152,049 134,051 301.773 165, 52S l 0 OM) 125, Moi, 936, 409 126. 518 934, 998 126, 380 987, 857 127,502 938, 403 127, 418 939,015 127, 771 945. 836 128, 643 959, 146 129, 677 977, 990 130, 937 1,010,519 1,023,5.12 1.038,229 133, 854 '138, 153 142, 821 1 OV) 1, 075 1, 058 1, 029 1, 008 1, 014 1, 006 1,004 1, 032 1, 055 1,071 "7 1 50 0 59.1 57.5 58. 2 57. 8 56.5 57.9 55. 4 57.7 55. 7 57.9 55. 2 66.8 55.1 55. 6 56.7 56.0 58.0 56.7 58. 8 >• 57. 4 30 0 _ 3^ 2 39.0 39.1 39.1 38. 5 39.1 38.6 38.7 37.4 38.0 37.3 37.7 37.5 37.6 37.2 37.5 37.2 38.0 37.5 38. 1 ^b 0 37. 3 38. 5 38.4 220 >10 10, 37 i 205 356 178 317 106 222 116 210 ' 153 r 245 * 159 r r 204 302 r 20S r 27; i ' 321 r 175 '274 '• 182 r 290 v 21 2 v 320 b i2 107 140 1,508 43 130 1,665 12 37 384 25 40 239 37 -285 r ,18 r 76 552 v 52 " 73 v 015 5, t»^2 l]2s/ >12 2S7 5,466 1, 329 366 308 5, 629 1,415 289 249 5, 746 1, 290 265 235 6, 079 1.601 221 190 5. 565 1.401 30S 260 5, 212 1, 274 331 3 070 3, 534 3, 820 4, 204 7*0 502 26, 690 637 28, 369 M7 8 <<1 . "1 UO 105.9 102. 7 95. 9 87. 7 ')} (U h« »'il, t . t ^ T < -( P . l l ' I K K 1 ' l l d l 4 2 S 1 9 \ 1 l M . « 11 i l l i O i l s ' 1 1 . p I ' i V i l H ' I t d d ' e - o2 1 I ( d < r ll ( M f n 1 -t * ( n M *•>{ i MC ' i o n i M l t l Ii M l T , ? of ( K ulw i f \ - o t i1 iPil m tnipli 112 <,< **fi*> 131 M l d' j 1 A 11 *- lull \ 277 70i r, n p b t i tie") <-"' I K J I ( d< i i l f i \ i n I T I, (1 S t l t ' S D M , iVv ' ( <l a l n b i t f\ > i s n 1 1 ^ 3 1 M< m 1 o? il Jild( MS I i d US^H! \dJUsH (1 .11. M 310,082 49. 4 172, 379 137,703 136, 245 i i h \ » \ s> ti iMii i 192' 2") K'0 di >" 7 1.081 59. 3 57. 9 LYKOK COVlHTIONtf \ \ M In \uc \ \ i c k l \ \ u l I n d I ^ I ) , ui lu Bi B d of L , l ( PllliI I n ' i l ) OT O l j \ ( ' s 11 M l ] i| Hi B ( L n n P I T i n iii< i t h t o l' P I if • n t Tit n J if t u ii I \ d ' \ ' n i J i i s ^ M . \( ( ^ loTl [) u " h " i I i\ . I d o mn, 1 Ml T ' r it p ^ \ M I Tit ' 1 ( M ' < I 1 * '^ ( I d o ! p( i I ' I O i P 1 } 'i i • s ( . . 'I ^ lKpil'PHIlt u id iii n h ti,i i" p i Mix luip i ' t s iinf dur*^, w o r k s n 1 2' T l | 1 I ui' IPd 0111 IV 1 / ll i,i 1 o f IT.U M 1 [.10 lllLt M;0 •>>, Ii )M (» 2 1 b J7 5. 025 1,351 243 218 5, 6S2 5, 724 1,328 304 5, 734 1, 318 330 2SS 6, 063 5, 825 5, 670 6, 614 7, 253 6, 525 7, 291 5. 906 658 30, 471 877 40, 996 985 44, 328 1, 095 47,130 961 42, 286 1, 201 54, 879 1,269 53,618 1. 220 55, 741 r 1, il>5 51, 697 4.10 2. 95 .15 1. 97 .83 2.84 3. 46 .12 2. 65 .69 3.74 3.43 .14 2. 55 .74 2.98 3. 56 .16 2.67 .73 2.94 3. 46 3. 36 3. 78 . 13 2. 78 .87 4. 76 4.77 3. 30 .14 2. 53 . 78 3. 05 3. 66 .13 2. 69 .84 3. 35 . 14 2. 25 98. 3 98.2 97.8 96.7 98.2 97.6 96.3 97.2 96.3 97.5 97.9 100.0 96. 5 r 96. 1 <• 103.8 r 105. 0 1.515 295 259 280 1 ' > 1 s 1 )> 1 (i7 5. 89 2.91 . 17 1.81 .93 111 > t l 1 > I M3 S ^7 S 101. 6 99.6 101.6 100. 9 103.7 104. 6 lls > 92 S 112.1 114.7 115.3 106.2 100.9 96.5 94.9 ' 97. 2 102.8 104. 3 r 113.5 12^ i Ml 7 113 9 127.3 118. 6 129.2 117.0 119.3 108.9 110.2 100.9 101.8 104.7 98. 6 104. 0 103.1 101.9 113. 9 85.8 116. 2 iii 123. 6 109.6 85. 7 r 124.8 r 107. 2 7 i t)3 1.7 G? 7s *() 1 >, 7 100 0 68.3 111.3 68.7 84.9 61. 6 111.0 67.1 105. 4 68.8 86.2 60.8 117.1 67.2 100.4 65. 2 85. 5 55.4 122.1 62.6 96.9 58.8 1 74.6 ! 51.1 119.1 60.3 93.0 60.0 76.8 52.0 119.3 59. 5 99. 6 61.0 77.7 53. 3 121.5 61. 2 101.0 61.4 74.2 55. 4 121. 6 61.7 100. 9 63.3 74.8 58.3 122.3 64. 8 113.5 63.6 75. 9 58.1 125.1 67. 6 113.4 60. 7 74. 3 53. 9 125.7 r 72. 9 r 121.9 r 68. 3 r 81. 8 ' 62. 2 '• 131.0 1 >'i 2 123 0 j 131.3 163. 8 167. 9 166.1 164.0 157.8 148. 9 112.7 114.3 118.3 118. 1 r 123. 7 183.1 193. 8 210.7 223. 8 r 23*. 9 r 101.2 302.9 149.8 22 11- -! 7 i (iu i do <vf 1 df) tMP^p <d'li!) 2 7') 1 1 .15 2, 32 .90 (i. 3. . 1. 1. . 96 63 00 16 63 21 ] flu 3 1 1 1 ' i { u i d i r i i ] » l i 3ii> TJ.{ , C M I ' ' u d i n j ; t i if i ( ) 2 5 2 >=• 1 0 0 Idis 1 l'ftii' I n i i c p u n r , , i p p u p i ) l <s 1 T]< UK ^ wnidni 1 'Hindi1, r>tu->, >'-)2^ 2 1 iMlbliR"-, W i'tr lls and Wh iii^hiiu-sh>p \1 K. 1 a to, W U K I ill. U L » . i r ! 1 9^ 1 1 151.5 155. 8 109. 6 114.2 112.4 111.6 113.8 129.2 139. 1 156.6 161.8 171.6 175. 7 89. 5 94.3 207. 6 237.8 169. 6 i 170.3 98.6 256. 2 148.8 95.2 258. 5 121.7 ! 95.7 94.2 ! 270. 7 I 281.6 113.0 1 109.5 152. 0 Hid 2ir 100 1(^0 l0 ' l1^ 140.5 105.7 n d piod^cts .. i 1 lu t (K, !')2s _ " }h2i K i 1 u- 5, 920 1.304 203 184 r WOTK do i, s .uiPill-. cbun i\ . \ ilh ( r 1 I L V UO H U H I '« T > 1 M - 100 do ll 1MJ3 2 " 1 i l l ll)( , ' 661 .olhri' 1 JM II ,.<h« n< Tls '• 7 0 ' 442 m- ]M2i-2") - 100 stcil ill- 1 ill ( '38 '• 5 1 r 5] 3S1 Of lOO do siu | i ^ ' . r l . HI 35 52 '466 '•2? r 4;^ r ROLLS JM23 2 , f ludni' n i 7)1 Id d«) fioo ' s >il S'tS ' i d ) «)i.sr ,sif U n UTilf'ill'Kd 1 hs, 1 d o n r 20 1 ^1 I ' l l J i t ib, p Ir'M' ! 2 id I'O . S \U(\ ddi >lM t f i i \ i' ^ iP l . s j n l s ( 1 T) 1 \ M tlf ^ P\\ Dili )1 ' i _07 d > _ 1 < ",< 1 d ( t »1 \ , i »ri*l — d TK H < to t ion i in , K i A g u i K 101 ( ' 72"i lu d'i'i' D l s ( Ii ll ( ] ! l ) i!< l l 0 1 1 i l ! 'M "\ M , ! l i t I i t 1 * [ 1 TI ( IM S In<h\ i iu il- n i \ n - „ 37 - •, N *o 1 M< n p l o \ i ( T i fiii.7»on^ition ' ( ,111111, 1 1 I n . . 1 71 <lu n^ M U M ' S I V v (. i P I < ' \h > i\\ n a n li(( d o . 1 1 ou> 1 inn] )'IMI nt M. u n u i i \ _ d m 11^ moniri in d i\> idle III.NM" \ p| i n s d o s (niriiiJL iin n t h ! 10 u s h v) s i > i k ( b a n d lv;i k o u t s ) v t r M fri'O ( MM i,! i s u 2 n ' TMoMth iiK»iri In )>ki r u i l K h t2"> I P M ' J ) i , i i d - { > n K s In \\ h o i . i ^ ]>t r v L o i , do no 2 1 II. L (| K<2 i SO 2 1 is , s 1 ««) 0 1 95.4 287.1 I 116.0 ! 94.6 ! 289.7 I 126.9 95.8 302.9 134.0 r 96. 3 307. 8 138.5 r 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 96.5 122.8 71.7 50.4 105.0 99.5 1,361.6 102.9 134.8 100.5 ; I 133.3 157.9 134.6 140.0 303.0 130.0 136.6 107.7 76.5 71.1 113.8 125. 6 101.9 90.6 93.5 88.0 98.7 63.4 ] I i : i ; 124.6 | 139.7 ! 127.5 I 134.8 ! 286.4 139.7 ! 138.8 i 107.9 76.6 i 72.4 109 3 113.4 91.0 82. 7 I 86.5 : 81.0 92.1 I 62.Q I 104. 0 115.4 157.0 78.9 54.3 i 121.0 ' 105.6 .718.0 106.0 > 141.0 • 102.4 113.6 154. 1 80.3 56.6 121.2 109.9 1.512.1 113.3 i 143.6 103.9 ! ; 92.1 i ! i i | ' | ! ! | ! : i ; ! ! I 133. 1 ! 1C1.5 ! 131.5 ! 137.9 j 310.4 I 125. 3 j 136.9 ! 112.7 1 71. 1 j 64.6 i 114.2 j 124.6 I 99.8 i 85.9 ! 92.7 ! 91.6 I 89. 2 62.9 ! 92.9 77.8 J27.8 78.0 106.4 87.8 89.7 ] 116.5 158.9 76.4 51.6 118.9 124.1 1.777.9 127.9 152.0 102. 8 ! ! i : i j i i 133.4 ! 162.3 I 130.5 i 137.6 '• 314.0 i 124.4 i 134.1 121.5 : 75.4 i 70.2 116.8 122.5 : 100.5 ! 89.9 ; 91.6 : 89.5 ; 90.2 I 62.3 ' { l")0 3 66 9 43 4 113. 1 118 3 if 1K) 6 119 9 14S 0 9h 4 \".\ 159 128 13* S20 117 HI ]]s ') b ') "> 4 0 1 <) •si 3 7«» 1 Hit () 1 1 7 (« 04 1 103 Ht> 4 4 6"> 3 39 6 ](s 3 hS i ; 41 112 124 2 010 122 Id 118 6 1.8M 2 119 1 149 9 r 112 > i 131 1 7 3 \ 121 3 ]"9 12S 1U 9i q 2 7 73 i 102 2 ; 89. 2 ; 80. 7 ' 9»). 8 98.1 74.2 124. 1 70. 9 101.8 85.0 79.2 96.1 97.0 74.8 126. 3 70.3 103. 9 85.0 79.0 97.9 126. 6 65. 6 104. 2 94. 9 83. 1 85. 3 127 0 127 4 Ol t) 101 1 d" h 10-. •) IS* X ''• 3 It) 0 '• 1J7 1 ; H4 4 | 110 <j SJ t, 111 sO i [ 7^ j so 2 0; ir- ! ; 11 ) 1 'N in. <! ks \ i • 79 0 ; \ M 2 99 S 54 i) <jj 87 .' S9 5 i 7S "j I 10") 7 • 's 1 \ 3; In) 4 91.1 75. 7 123 s 76. S 99. 4 I 94.9 79. 1 ; 127. 7 \ 78. 7 105. 7 89.3 90.1 100. 1 79.7 72. 6 73.7 103.4 90. 1 85. 6 92.7 81. 7 I 128.2 ; 67. 5 109.4 i 87.4 85.6 ! 96. 1 : 83.7 I 128. 1 09. 4 110. 6 88. 7 86. 0 98. 7 85.7 124.2 66. 9 104.3 84. 5 83.8 92.3 82.4 39.3 83. 0 09. 6 57.4 46.0 40.1 80.2 55.1 60.8 42.7 97.6 63.4 58. 8 45.6 42.0 96. 3 63.9 59.6 42.9 26. 6 84.3 65.0 59. 2 39.2 S7 0 63.6 5S. 4 29. 6 32. 9 87. 0 ' 64. 2 59 0 : 30. s 38. 4 ! 78. 3 • 63. 2 105. 7 71.3 100.8 102. 2 69. 2 96.9 102.0 71. 2 97. 2 J02. 5 69.4 9G. 4 102.4 69. 8 97.4 101.6 69 0 97. 4 102. 2 71. 5 ; 90. 9 102. 3 ! 69. 5 ! 85. 6 89.8 81.3 78.3 84.5 SO. 4 77.3 83.9 82.2 70. 8 82.9 81.8 69.9 83.7 81.1 65. 5 83. 4 81. 1 85.0 90. 6 80.9 80. 9 i 85.3 I 78. 0 I 83. 2 88.5 80. 3 83. 6 92.4 79.0 91.8 ] 25. 8 79. 1 80. 8 82. 7 86. 7 71.7 117.5 73.3 94.2 82.4 r 75. 3 90.1 118.3 62. 8 ; 9 ': \ S6. 4 12o! 9 76. 5 104. 3 87.4 SS. 7 96.2 126. 2 67. 4 ; i i i ! Hi';. 6 8M 'J M. 4 94 7 01 6 75. s- 75. 124 122. 1 71. 1 100. (I 86. 7 M s 91 7 122. 8 66 ( • 1 ! 100. 1 i S7. 83. i ! 8 1 87. 82. 6 | : : ! '• \ 84. i~>8. 4 | 34. 1 \ 98. 1 ; 64, 83. 4 1 1 | 72. 7 1 84. 1 82. 7 1 81. 8 ; ] • 82. 0 : 85. 9 i 79. 80. 8: J ' 103. 6 134.2 71. 6 49'. 2 112 0 116 6 2, 2 1 2 0 'ill. 1 lsO. 4 94. 9 133.4 159.6 131.9 136.9 311. 1 117.7 134. 3 109. 5 70, 7 66. 6 109. 7 115.4 86. 5 78. 1 81.4 75.2 88.7 58. 7 ]"<' 111 -, ss SO 8 3 « 9 3 W 0 99 1 ] <J 103.1 133. 0 72 2 45^2 : 114.2 122. 6 2, 062. 7 121.2 169. 4 ; 95.4 1M s 137 2 \ s\ 133. 6 K1.9 136. 3 136. 8 311.4 121.5 137 S 110.4 63. 6 ."s! 3 113. 1 J21.2 87. 1 79. 9 77.9 73. 9 81.0 C.7 1 0 5 . <s 1 to. 8 7.5.4 51 1 111.0 11*. 8 2 , r> 1 1 . 0 112 0 1^5.8 95. 6 r 133 2 If'5 2 136 2 137. ! 3U 3 12'). 0 110. s 1U. 7 ''•7. 0 6'/ 7 M12 3 126 2 S') 1 77. 5 75. t 72. 5 76 6 71. 1 51. s ' lOi. 2 T 96. 4 2, 035. 4 r v 0. 193. 1 97. 1 • Y.Y.\.1 HS 9 132. } i3(i>. (> 314 7 13!. 1 1 12. 1 117. C, i f'\ 4 T 71. 6 111. 2 120. 3 2 77. 4 77. 7 76 1 75 6 f>2. 3 (V). 9 «,„ 97. 0 77. 2 13 L 4 76. 4 128. 7 70.7 107. 5 86.3 82. 5 99.9 8! S s3 7 Ss h M 5 M) 7 x" 2 s7 1 129 6 t.7 3 Vif, 0 £2 2 M 0 89.3 S7 5 36. 3 7° 2 6;l 5 59. 0 38.1 40. 0 75 3 65. 7 58 7 42.7 40.6 73. 9 05. 4 5S. 8 43.9 103.3 69. 2 98. 7 104. 2 69. 2 98.8 104. 8 70. 5 100.0 70.6 85. 6 83. 2 So. 4 88. 5 83.0 89. 6 92.4 82. 0 82. 3 85. 0 77.4 83.4 86. 6 77.4 84. 8 89.3 78.4 sr, 5 105. s in.. 2 r 75. i lor." 6 r S*i. 8 so. s ion. " 132. OS. 101. 7 7 M). s 85. S9. 85. 7 s r 30. r r 7"}> 2 r f)3. 7 r 117. 0 160 S 70. 7 53. f> * 116.0 * 113. 1 2.972 5 ' 97 5 ' 211.5 r 102. 5 T r r 1.'.4. ^ 171 0 »• 132. 1 r 137. 1 "IS 0 ' 139 2 ' 10. 1 r 112 .3 ' 77. 1 ' 75 1 r \ 10. U r J21.8 7 b7. ,s r 76. \i r s7 4 Ml 9 ' 1M S - 62. 3 ' 100. 6 80. 1 '133 7 77. 7 113'. 2 92.4 -88.9 103. 4 135. 5 70.3 108. 7 93.9 '89.7 96.0 86.1 43. 33. 1 83. 3 69. 1 59. 1 45.0 r 105. 8 70 0 101. 3 107. G 70.3 100.8 ' 80 r 90. 80 0 0 5 78.0 90. 6 80.9 r go '84 6 0 3 81.3 81. t 78. 7 r 59. 1 r T T t 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 .!/ j * i') j s; ''(/ !0 1< ) < j\ , 2/ [ is 2 \i ! "v. • t ' ( >, : 1 2' J ,> l f t < 1 , i 1 '-> ) I'I .02 !' _/ 1 ' 3 1" 1 2> 1 , r 7^ i > 3 ,,r Si 0 i 7 1 . i • i !. * 3*4 'sO 34 t "»' () '1 T i '» >r.i . . - Fi« :-• !. ' v > v ,,,. ,.,_ i s.-ri. ^ d i s j o i n i n u . ' d i> Pit ., K - i r r in',- J a n . 'U34 i . H)0 ir^ o u r . in t ibl" I"- pp. 16 and 17, of this issue. •> '2 '(') '3 '3! 4 , fiT :>oi , i _ 1 1 _s." O 2 .{ < i r) ^ ;,' 2" 27 2( i( H) \ '.'. '/)7 070 73 3 4. i 7s i ^ I 2 ( '71 SO 7! 7 1, -1" f 1M J •, i i", [_ r, h ,7 J ! \ I . 177 •> i7 2 ' " i " i • « 8 1, '<3o ' 211 7 I •> 1 ! 1i " }. v <i 5 do of-i ir Ci S i ln t I. (\- i ] -)" 173 a. 7'" {><) . • I : I i I '.!''' . '^ l i r e i ; '. • r> .• I * 12 3 > 3 , 72-» 127, 2 H "> ,1 -2 f /, >'i •ot 17 f 1 in* 2 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 161 7 x 0 r; 7 qi 2 l n » << s* 7 S b3 2 <ri )(l 1 \2 J" 1J0 05} 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 «*' 0 J 2 » " r i Mit "I 1 <( ) - of If 1 s (> > i m "y 123 164 Hi 96.9 i 138.0 ! ]2i 7 nr> o 1 .11 i • i 1 .1 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 "]O '<< • * r : 0 \ \ M'i ^ ' - ) 109 72 4 y~ i) ' Si " si O ' (isj "_0 MS i r •) s 7_" of (I 1 i 1 II t " 1 1 J - " M s - b i j p ) 2) ] »•* 7"), .V)3 ! s^5 iV "> 72 s 73 0 ' 7L9 , 7J " Ml,f.2J i i. 570 5'1Q i 1 1} 70"» ( S'J i }( 1 237 o ' ', 2 \ I T ^ (. if ii( T . I'.tr » l 1 < o t PJS V, lu t V Dl C ine "O iT 1 0 "- 1 t ""1 * f t 1 c ^ i 11 t o * V I t , ( * 01 i\ ^r jy: 1 v lli( t'ip ( n» i 1 i r s 1 L1w i t h pri T 1> i t ) -> b 1 1' H 1 ^ <•<( i n 11 t i<jtv H, tl T• C m u 4 \ < irs 1 (_> e \ is« • ' t W (. S T r*. ' O i 1 ( ( ! I ' \ 1 ^ ' 1 1 ( T t a { 1 he 1 •Ml"' f v in l t l I s lit *}]{ ^r \\ 1^ ftOoptt ] 1 Up T Al (1 <. t ) \ ^ m it \ \ t. ' 1 _ n V ll 1 i r or i< i in 1 i 1H ! *' ) t n ip fi^. >i tl n t« i < ( I . v 1 i } f 'I tl 1 t> 1' ,t t O' \ 11 tr ( " .C( T" l k ri r u it r i [ <" r pr( i M f( r s » 11 (1 " r r 'i • 1( ir t P (11 1 1 1 ( 1 1 1 T-t \ J ' 1 s Ii 1 t I) ' •' i i I) I'sel-mechanical. and gasoni\ i i r ( i 1 • n u d States manufacture. 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 \ ! ' i | ] \ i ' • revised and computed on > if J ( h - 1] 1 t II . 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 T1 sa - I) ; . r n . > I \ p, ^ I- •» I H t t t ... . , i f v J >ils, .. LX hv^j^ .. uqjh l^>. f ,p - •1 11* , n . <i* f l - : -fMi'i — _„. . i ' 26 39,40 40 .. >"t\T{*, t-» u i t j f a - t r ( V , « .. « it » *• Mti Mi<lwitiu«il '' ucts 2 0 40 l i , 2 0 , 2 1 nf 26, 28, 29,51,52 4 C'S uuti -/it* arm a)!«c<i p u v i . t V< ,f •rii p i v \ e r a n d v5"1* i K(l«tniTs a n d i o b a c c o 38 . .„• 27,28 . 28. '28' 26, 28,29 19.' ; u , / l r 26, 27, 28, 2 9 , 4 6 P. t x xt . .. . „.-„...—i. " 48 P " J . ft a1, i t r «,<<.>1 - i pfO hlctf. ,. . „ »„ 4 9 l».».k . . — . . . 44.. ' t i . c "« -u> -r y , . ; ( i M » . , p .,[ . b ' ] . r-rs^ i'<- *t . , s , . v m . " » . -* 1*-.- . u ; I *ii[>& Si1" <;f t a rt SI Kf.#1 CT i IV S t . ^ r , t i 41 , a t » l i M a s s p . . . . . . . . u ' b, ,i it.< a u j States, ..., 1J 4 i*\x'.n\i*'t an*I nvuu M< : »'v " t a d $JI i n « ' Is <m T V S s i f i l 24. i<v • l*i r a, <, ] o *t ti'ig HJusf'je-a • V *uv,i < o f vpl<)yiiiuj 1, p 4>,f rolls, w a g e s . N mtiri.T.!'"* 1 f t V- *• wn A&o iudivi Ki-,..ti H i ^ n s > T u «.. . 1' J i i p s t ^ r-i'iiu,; . J i r >i f .-u.-n i» s ) . . r . P •. '' , M» *h. . x\. ' --f1i f1 i. .. . . .C I' jjin'* ' r| O . : ,V, i . . . . . . . „ » 24 . . . . . . . . .. . . . . 31 .. . . . . . . . . . . 19,21,44 f ^ ^ l \ - , \ lual com modi tiea): ,_„ .^ 21 . . 21,22 , . . . . 19,20,26,28,29,52 . ..., ............ 33 . .. , .„_ 30 . . . 22,27,28,32,33,35,36 .. . ... . 38 . . . . 50,51 I'x ,> c r i4 t u t d o l l a r 2 2 ; . ii.» h ..! I 48,50 - ' i » P.'.«.,i.'i, MC \ " > i / r T 42 ;„ • » . a - K- .iui-s . . . *iak* '•MI, s „ _ i" r- I „ 35,36 . . , i • »s ) ;i'.u wages, . - _ . 26,27,28,29 iil ^ * £ ) / IWPIVIUUA.L „ <; I'ntioai, t q m p n i c o t , '•, • f nuv'vou i»t, »v'-it;e3 4 financial „._ 24 19, i0,i7. 29,37,3'8,55,56 t ' , ' v , ' - • r ( f % ^trt'et- i i i l i . a y s , e t c . ) l r'^. • ; »n. . ..",.„„ * hi, i ! -. 51 .'*.> ' . .. .. 20,22,54. i ;* ) -.U ,k "5 :• F ' l a i i ' / ' CorjirMation, loans n J r.. .. 33,34 , , I 'u» > r!t t fru , b(»u*<*hr)l'l.. 51 i ». >*- i , ' i. < - jt . , n . -ult-s' t -M.t \ „ . * f , _ „ , . , „ 55 2 1 24 '• iO), groce • ( t * 1 ,k 24, 25 25 25 f« It 1 „ . , ( - , f f ' i n ii&f 42, ,43 S8 41 •<r, tires acid ', il,22,26, 28, 29, 53 L." < s H , . >• •1- . - 1 1 * it' i .,«, I , s t . ' l . t . .*'. 1 IT' ^ , L i.» b . >i ' - t s ' 1• t 31 43 ,28 20, 26, 19, I 20," 21,,26, ,28, 29, .47 20, 22, ,54 •I" 32 46 ' p.*. K i . 19, 20, ,26, ,28, 29, ,43 54 T ires _ 19, :•", *'<V 2 ? 28,29,.31, 33, 48, ,49 48 t 36 . also manu25 ,28, ,29, 31 *'• ', i ., „ . I f. 2'J i ? l , -/•> V. . . 8 .' * A) •• . •» 1 <v» s t . . t *•> i . J 1 •. ( r.t t i * • • „") » i M . .Ml i \ ' ? 2ft,- > i i »> s t M M 1 u ! - i ' <i t« L u i . i« t , ;- i .. ' -* l <t, !™ ; •» t < 11 > .:;' j] M * » i,nt« r v ^'l •< I > 1 •* J -'i . i*^ <^ssin{.s •il .. „ 1 ^ < AJ ?t -1() . M a i m ! i t.M.M-4 r,- i r « if !>* s M in <i i. i , . r r t . . <n ti-v « - h n «; i v i-i , 1 I » M lh H v. ' - - -^ ? .in-1 n»*-«il, o i l tn U P - . ?,H , -»0 2 M P V2 s" M * Mitt S I ti^ 1 *. ..% J^ _I „> '•jjlr '37 44 S9 39 39 44 -abl , and radio . . . . . . . 27,28,33,3.82 1 22,26,28,29,31,54 53 f _ 50 . . 20,26,28,29,45 „.. 25,26,27,50 C- . 38, I : - i r k s irv t r j . t ors, in«lust ii,j], e l e c t r i c . - . , '56 v*i- f f i l »5"iri-> O'»v<- i rnniCTit b o n d s . . . . . . . . . . . i ' r « , u i Su'»t"<, G ' ; t r n i n f n t , i ; n a n c e s »*siU i ot t,s- S t f e ! C o r p o r a t - o n 14I'M\ ' , 3 5 - 33,34 36,49 2?t 27,28,32,33,35,36 \'ii inuJ'M-vii . 51' 1,'dil' ' V •stmr s jit n lilJt't , .*.-..,. ' 24 Vt*v, . ibh <-Is 39,40 V t r ' ^bH... — 42 W-> <i.,, f .< w v .m I pr«.tsliMi. nas.. _ 28,29,30; W j I 2.4 38 43' ' Jh'-l^ .'.- p-i. *t u - . ' a w 21,22 V. -:c, ,.-1 50 Wj,-..:is,n fe» l o r y t*n»pt'»vm<fnt, p a y rolls, : •' : ' .1-1 * a ^ s ..' ... 26,28/29 NV...^ l , l J l . . ,„. „ . . . . . . . • ,51"' VH>!i .. . .. . . . . 30,22,54 JM , . . . . . . 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.