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OCTOBER 1941
SURVEY
OF
ss
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
V 0 L I1 M E 2 1
NUMBER
10
SURVEY OF
CURRENT BUSINESS
OCTOBER 1941
ECONOMIC HIGH LIGHTS
2
THE BUSINESS SITUATION
3
Review of the month
The Revenue Act of 1941
Banking developments and the price level
The general increase in passenger travel
Railroad income
The new production goals in agriculture • .
.
3
4
6
8
8
9
.
WAR INFLUENCES DOMINATE FOREIGN TRADE
MONTHLY SALES OF RETAIL STORES, 1935-41
11
18
STATISTICAL DATA
New or revised series:
Credit unions—installment loans to consumers—table 27
Indexes of building costs for standard 6-room frame house—table 28
Index of nonfarm real estate foreclosures—table 29
Monthly business statistics
General index
26
26
26
S-l
Inside back cover
UNITED STATES DEPARTMENT OF COMMERCE
JESSE H. JONES,
Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CARROLL L. WILSON, Director
Volume 21
Number 10
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS $2 a year. Singie-copy price: Monthly, 15 cents: weekly, 5 cents.
Foreign subscriptions, $3.50. Price of the 1940 Supplement is 40 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
41GGS1—41
1
1
SURVEY OF CURRENT BUSINESS
October 1941
Economic Highlights
Export of War Material and Lend-Lease Aid
The Supply of Pig Iron
Though lend-lease aid to Great Britain has been only a small
fraction of the objective, the contribution of American industry
to the war effort has been steadily increasing. In the first 8
months of this year exports to the British Empire and Egypt
were 1.9 billion dollars, one-half of which went to the United
Kingdom itself. For the same period in 1940, shipments were 1.3
billion. Moreover, the proportion representing arms export has
expanded very markedly.
Shipments of lend-lease cargo through August were 190 million
dollars. In addition to lend-lease allocations, however, contracts
The steel industry faces a major problem in its shortage of pig
iron. Between December and July steel capacity expanded
about 2 million tons. Pig-iron capacity increased only 434,000
tons. Unfortunately, scrap cannot fill the gap as it is also short.
Exports of pig iron are little more than 1 percent of output.
The squeeze has been felt by foundries and other producers of
iron and steel products dependent on the integrated companies
for supplies. These consumers obtained 13 percent of the integrated companies' summer output, but many are engaged in
essential defense work and need more.
MILLIONS OF DOLLARS
300
MILLIONS OF SHORT TONS
250 —
PIG-IRON SALES TO FOUNDRIES
AND OTHER DOMESTIC CONSUMERS ^
-v
0
1940
!
1941
N
D
1939
D.D. 41-444
1940
1941
DD.41-445
Exports of U. S. Merchandise to British Empire and Egypt.
Production and Sales of Pig Iron
for war material having a value of 3.6 billion dollars had been
awarded by the United Kingdom. A large share of current shipments represent deliveries on these commitments. If the projected expansion of 6 billion dollars to the original 7 billion
is authorized exports to Great Britain and other countries
receiving aid will multiply rapidly once new arms plants are
completed.
Today the entire pig-iron output is allocated under priority
control with 2 percent of production set aside as an emergency
pool for the manufacturers who were unable to get adequate
supplies. O. P. M. has approved proposals for a 6,508,950-ton
expansion in annual capacity. At the end of September, contracts covering one-third of this program had been executed.
Construction requires 15 to 20 months.
Inventories in the First World War and Today
INDEX
Inventory accumulation by
manufacturers is still large.
The August value was up 300
million dollars, but part of this
represented the influence of increasing prices. Changes in
physical stocks follow and
support changes in output.
But inventory movements also
include speculative buying.
Recent expansion of manufacturers' inventories has been
in raw materials and goods in
process, concentrated largely
in lines where output is rising-
FIRST WORLD W AR
SECOND WORLD WAR
i
!
;
i
S>
SEST.
150
PRODUCTION.
(1935-39=100) \
/
/ j
125
PRODUCTION
* (1935-39 = 100)
1
INVENTORIES, 1939 PRICES
(DEC. 31, 1938=100)
y
75
/
INVENTORIES, 1939 PRICES ^
'
50
\
(DEC. 31, 1938 = 100)
I9!5
1916
1
j
^
1 / END OF YEAR
1917
1913
i
END OF QUARTER '
1939
1940
1941
D.D. 41-446
Indexes of Manufacturers' Inventories and Production.
Source: Based on data compiled by Dun and Bradstreet, Inc., National Bureau
of Economic Research, and Board of Governors of the Federal Reserve System.
Some accumulation represents
forward buying, for many
materials are in short supply
or threaten to be so.
Speculative buying is being
increasingly curbed by priority
controls. As the growth in
production slows, stock accumulation should be curtailed.
Inventory experience during
the first World War bears this
out, as inventories rose with
production during the early
years, then declined slightly
as output ceased advancing.
October 1941
SURVEY OF CURRENT BUSINESS
The Business Situation
continued extremely active in September,
BUSINESS
though a further advance from current high levels
was becoming increasingly difficult in many lines.
Income payments were at an annual rate of 90 billion
dollars in August, only slightly higher than the previous
month, but this volume was believed not to have been
further expanded in September after adjustment for the
seasonal movement. Though the W. P. A. estimated
September unemployment at 4.5 million, and manufacturers' order backlogs were in record volume, additional business gains were limited by shortages in basic
raw materials, particularly the metals.
The growing seriousness of these shortages was underlined during the month by refusal of the Supply, Priority, and Allocations Board to sanction expansion of
nondefense facilities, including the projected petroleum
pipe line to the East Coast. Other evidence was furnished by the granting of priority status to low-cost
housing in defense areas; and by announcement of projected changes in the priorities mechanism to secure
more effective allocation of the raw material output
which is in short supply.
Price Rise Continues.
The general price advance continues with retail quotations reflecting more and more the sharp advance
under way in wholesale markets since last spring. In
primary markets, the upward trend has been maintained. Import and farm prices, subject to special
influences, were higher in September. But so, too, were
the prices of many other domestic raw materials and
finished goods.
Representative of the problems facing the Office of
Price Administration in its efforts to stem the rising
tide were the following: Most anthracite coaJ prices
were marked up 15 cents a ton before the Price Admin-
Small Advance in Output.
70
Meanwhile, industrial production in September
changed little more than seasonally in the aggregate,
the Federal Reserve's adjusted index rising only an
60
estimated 1 point to 162. Output of machinery, and
1941
1937
1938
1939
1940
such finished war material as aircraft, ships, and ordFigure 1.—Weekly Indexes of Wholesale Prices.
nance equipment moved upward. But these gains were
tempered by a much smaller advance in automobile,
Source: U. S. Department of Labor.
coal, and a number of the nondurable lines, than has
been usual at this time in past seasons. In part, these istrator issued an announcement sanctioning the rise;
small gains reflected an already high level of output, the order establishing a price ceiling on carded cotton
but they also served to indicate industry's inability to yarn was revised so as to provide an automatic adjustcontinue a rate of expansion equal to that of the first 2 ment for changes in the market price of spot raw cotton;
and announcement of new automobile prices revealed
quarters.
Similar evidence was available in the limited seasonal advances averaging 15 percent.
Thus far Government policy has envisaged controlling
advance of electric power output and the modest rise
in freight carload ings. Freight shipments rose to the wholesale prices of a limited number of key com919,000 weekly, with the movement of agricultural modities. Presumably, little is to be done in the improducts heavier; but loadings of coal were little mediate future with respect to direct control of retail
changed from the peak of the previous month and ship- prices. As pointed out above, these are moving up—
ment of industrial products increased less than usually. the cost of living was 5 percent higher in August than in
Retail trade again was in very good volume, though February.
It is known that defense employment and output
the forward buying undertaken in the summer months
modified purchasing gains in September. On an ad- will rise substantially within fiscal year 1942—a
justed basis, department store sales fell slightly below monthly defense expenditure of 2 billion dollars by
the high July volumes, as well as those of August. June 1942, is contemplated. Such an advance ordinarily
Purchasing of durables, moreover, was hindered by should expand purchasing power in the hands of condealers experiencing continued difficulty in replenish- sumers by a sizable amount. The supply of consumers
goods available for sale can hardly be expected to match
ing; low stocks.
DO 41-107
SURVEY OF CURRENT BUSINESS
this expansion, especially with a forced curtailment of
durable goods output already under way. Hence some
diversion of purchasing power from consumer channels
will be necessary if the pressure on retail prices is to be
relieved.
Curtailment of consumer credit stemming from the
regulations of the Federal Reserve Board and a decline
in available supplies of durable goods will be a partial
remedy. However, much of the success in preventing a
price inflation will rest on the nature of the fiscal program of the Government—both in its tax aspect and in
the type of borrowing undertaken.
October 1941
profits tax and new surtaxes on corporate income,
1.1 million from heavier levies against personal incomes, 850 million from excise and miscellaneous tax
increases, and 160 million from an increase in the estate
and gift tax.
Sharp Advance in Income Tax on Middle Brackets.
The personal income tax has been stepped up very
markedly by reducing exemptions, increasing surtax
rates, and extending the application of the surtax.
Whereas, the head of a family formerly received an
exemption of $2,000 and a single person $800, these
have now been lowered to $1,500 and $750, respectively.
As before, the normal tax is 4 percent of the net income
The Revenue Act of 1941
in excess of allowable credits.
The Revenue Act of 1941, signed by the President
The credits also remain unchanged, consisting of
on September 20, is of interest not only for its record interest on partially tax-exempt obligations of the
tax rates and expected revenue, but also from the United States, the personal exemption and credit for
standpoint of its possible effect on consumer purchasing dependents, and a credit for earned income. Contrary
power. In the course of a full year of operation, the to the old law, a taxpayer having status as head of a
act is expected to produce more than 3.5 billion dollars family solely because of a dependent will no longer be
of additional revenue. However, only about 2 billion allowed an additional $400 credit for that dependent.
of this will be available to meet expenses in fiscal year
Surtax rates have been increased in all brackets,
1942, as not all payments on income taxes are made with what was formerly the defense tax becoming part
before June and the new excise taxes were not in effect of the surtax. The rates now begin at 6 percent on the
first $2,000 of surtax net income and rise to a maximum
the first quarter of the fiscal year.
of 77 percent on surtax net income over 5 million dollars.
Table 1.—Estimated Change in Yields of Various Taxes Under Previously, net income for surtax purposes only inRevenue Act of 1941 *
cluded that remaining after allowance had been made
[Millions of dollars]
for personal exemption and dependents, and an additional $4,000 had been subtracted. The latter deducItem
Amount
tion is no longer possible.
Corporation income taxes:
-493. 3
An optional tax schedule is provided for persons
Normal tax
. ___. _ _ .
..
_
_.
Surtax
763.1
having a gross income not exceeding $3,000, derived
1,112.3
Excess profits tax
_._
_ ._. . . . _._ . ._. - _ 1 382 1 entirely from salaries, wages, and other specified
Total corporation income taxes
1, 144. 6
Individual income taxes
- _ . . __ __ __ __. . . . .
sources. No credits against income, except for de2, 526. 7
Total income taxes . ._
. . _ - _ . .
pendents, are allowed if the taxpayer uses this method.
Miscellaneous internal revenue:
Capital stock tax
22.3
But the tax itself includes an automatic deduction of
141.6
Estate tax
10. 0
Gift tax
2
10 percent, the amount which in the past has been the
499.1
Manufacturers and retailers excise taxes
347.7
Miscellaneous taxes-. - _ _ . . . .
- -..
..
average
reduction in the lower income brackets.
2
Total miscellaneous internal revenue
Grand total 2
1, 026. 7
3 553 4
1
Treasury Department, Division of Research and Statistics. All estimates show
full year effects. Estimates for corporation and individual income taxes are based on
levels of income estimated for calendar year 1941; all other estimates are based on
income
levels estimated for fiscal year 1942.
2
Excluding 47.5 million dollars nonrecurring floor-stock taxes.
Table 2.—Effective Rates of the Individual Income Tax on Net
Income Under the Revenue Acts of 1940 and 1941
Net income
(all income earned)
Single person
1940
1941
Married person, no
dependents
1940
Total tax receipts (excluding employment taxes)
Percent
Percent
Percent
Percent
this fiscal year will approximate 11.7 billions, on the $2,000.. __
2.1
5.9
2 2
0.0
$3,000
2^8
4.6
7.4
1.0
basis of Treasury estimates as to yields. If expendi- $5,000
7.5
3.4
2.2
9.7
$10,000 __
13.1
6.9
5.3
14.9
tures for the fiscal year were held to the Oct. 5, 1941, $20,000.
__
23.1
13.3
24.6
11.7
_.
40.9
29.4
41.8
28.3
estimate of 24.6 billion, receipts would be roughly $50,000,
$100,000. _
52.7
44.3
53.2
43.5
$1,000,000
73.3
71.8
73.3
71.8
50 percent of total expenditure. Hence, barring substantial amendments to the Revenue Act, the deficit
this year will approximate the peak of 13 billions in 1919.
The net result of these various changes is set forth
The source of the new revenue, on the basis of a full in table 2, which compares the effective tax rates on
year's tax receipts, is shown in table 1. Approximately different-sized incomes under the old act and the new
1.4 billion dollars is to be derived from a higher excess act. As is evident, the heaviest increase on a percent
October 1941
SURVEY OF CURRENT BUSINESS
age basis has been in the lower and middle income
brackets.
Surtax Added on Corporate Incomes.
With the exception of integrating the special defense
x with the normal tax, no appreciable change has
een made in the effective rate of the corporate normal
ax. The new schedule is as follows:
and excess profits tax is substantially increased as the
reversal makes the higher rates of the excess profits tax
applicable to a larger segment of corporate income.
The rates of the excess profits tax have been increased by 10 percentage points in each bracket, as
shown in the following table:
Rate of tax (percent)
Amount of excess profits
Corporate income subject to normal tax
Not in excess of $25,000:
First $5,000
Next $15,000
Next $5,000
In excess of $25,000
Tax rate
(percent)
1940 act
First$20,000
Next $30,000
Next $50,000
Next $150,000
Next $250,000
Over $500,000
-- ..
.
.
25
30
35
40
45
50
1941 act
35
40
45
50
55
60
One aspect of this change is the further favoring of
A smoothing-out rate is also given for income slightly in
the
base period earnings method of determining excess
excess of $25,000 to prevent abrupt changes at that
profits
as compared to the invested capital method.
level.
Base
period
earnings are expanded, since the normal
However, an innovation has been instituted in the
tax
is
no
longer
deducted in their determination, while
form of a surtax imposed on corporate profits at the
no
change
is
produced
in the invested capital credit.
rate of 6 percent on the first $25,000 of surtax net
An
incentive
is
provided
for the investment of new
income and 7 percent of such income in excess of
capital
by
allowing
corporations
using the invested
$25,000. Here net income for surtax purposes is
defined as net income minus the credit for dividends capital method to count new equity capital at 125
received; so it includes interest on partially tax-exempt percent in computing the base.
securities. In this sense the effect of the surtax differs Many New Excise Taxes Provided.
A record revenue from excise taxes is assured by the
from that which would be produced by an equivalent
increase in the normal tax rate. Since banks hold 48 new act. Rates are increased, bases for computing
percent and insurance companies 19 percent of the 32 several of the taxes are changed so as to expand revenue,
billion dollars of partially tax-exempt securities in the and new excises are levied on a number of items.
hands of private investors, taxes on these groups are to Moreover, provisions for future rate reductions and the
be relatively heavier.
1945 expiration date for many items have been removed
The new excise levies fall heavily on some comThe excess-profits tax structure established in the
Second Revenue Act of 1940 is retained in its general modities that compete directly with defense for scarce
form. Corporations continue to have the choice of materials and labor. Among such commodities covered
measuring excess profits either with reference to invested arc automobiles and trucks, tires and tubes, refrigeracapital or to the income earned in the 1935-39 base tors and air conditioners, radios, phonographs, musical
period. No change has been made in the excess profits instruments, photographic apparatus, electrical, gas
credit computed under the average earnings method. and oil appliances, electric signs, business machines,
But where invested capital is used, the credit has been rubber articles, optical instruments, commercial washreduced from 8 to 7 percent on invested capital in ing machines, and electric light bulbs.
The list covered, however, does not exhaust the
excess of 5 million dollars. Eight percent is still
articles in direct competition with defense, and such
allowed on the first 5 million of invested capital.
One important alteration involves a change in the taxes as those on amusements, distilled spirits and
sequence by which corporation income tax and excess wines, sporting goods, jewelry, and others, will curtail
profits tax liability are computed. Under the 1940 law, consumption in lines that are noncompetitive with
the corporation normal tax was computed first and was defense. Moreover, taxes on the competitive articles
allowed as a deduction in computing the excess profits are probably not sufficiently severe to reduce consumer
tax. Also, the normal tax was deducted in determining demand to the level of the curtailed supply without a
base period earnings. The Revenue Act of 1941 re- price advance which exceeds the amount of the tax.
verses this procedure, reverting to the practice under the New Taxes Impinge on Both Consumption and Savings.
law in 1918. Corporate normal tax and surtax are not
Consumer purchasing power by no means will be cut
allowed as deductions in determining the excess profits the full additional 2 billion dollars expected to be raised
tax, but the excess profits tax is allowed as a deduction this fiscal year by the new act. A large share of the
in computing the normal tax and surtax. Of course, increased revenue from corporate taxes would otherwise
revenue from the normal tax (and surtax) is thereby be saved and available for investment, either by indusreduced. But, the combined yield of the income tax try itself, repaid creditors, or individuals receiving
6
SURVEY OF CURRENT BUSINESS
dividends. Moreover, the additional revenue produced
by changes in the individual income tax is to come
largely from income brackets in which the percentage of
income saved is sufficient to offer an alternative type of
curtailment in place of cuts in consumption.
In general, the Revenue Act of 1941 provides that
the financial burden of defense will be more closely
distributed on the ability-to-pay principle than heretofore has been the case. The previously existing tax
pattern (including State and local taxes) was regressive
at the lower end, no more than proportionate in the
income brackets up to 10,000 dollars, and progressive
above that level.1 The combined effect of the new taxes
BILLIONS OF DOLLARS
10
15
1941
1942
INDIVIDUAL CORPORATION
ICOME
INCOME TAX
TAX
AND EXCESS
PROFITS TAX
OTHER ORDINARY
RECEIPTS
EXCESS OF ORDINARY EXPENDITURES
OVER ORDINARY RECEIPTS
T O T A L ORDINARY RECEIPTS
*- T O T A L ORDINARY EXPENDITURES -
Figure 2.—Ordinary Receipts and Expenditures of the U. S.
Government by Fiscal Years.
1
Data include individual and corporation income and excess profits tax collections;
separate data are not available for these years.
Source: All data through 1941 are from the U. S. Treasury Department; data for
1942 are estimates of the Bureau of the Budget adjusted by the U. S. Department of
Commerce to reflect the effect of the Revenue Act of 1941 upon receipts during the
fiscal year, 1942, only.
is to make the middle brackets conform in moderate
degree to the progressive pattern.
The new act will offer some deterrent to any incipient
price advance over the near term. However, its effect
in this respect will be limited by the fact that part of the
tax is paid from what otherwise would be savings, and
because there is a considerable time lag between the
imposition of many taxes and their collection. Most
of the immediate anti-inflationary impact is derived
from the excise taxes. Since a very large proportion
of tax-anticipation notes have been purchased by corporations, it is doubtful if they have reduced consumer
purchasing very considerably, for most of these funds
would have been saved currently anyway.
Banking Developments and the Price Level
The new revenue act was not the only measure with
anti-inflationary implications instituted in September.
The reserve requirements of member banks of the
i This statement is based upon the evidence presented in T. N. E. C. Monograph
No. 3, "Who Pays the Taxes," Gerhard Colm and Helen Tarasov, p. 13. The data
presented therein are of such a nature as to be unavoidably subject to some criticism.
However, they are the best available.
October 191
Federal Reserve System were raised to the maximum
permitted under existing legislation: 26 percent for
central Reserve city banks, 20 percent for Reserve city
banks, and 14 percent at country banks. This action
(effective November 1) will reduce excess reserves from
5.2 billion dollars to approximately 4 billion.
Reserves are fairly evenly distributed so that banks
in every region of the country obviously are capable of
creating a further huge expansion of purchasing power.
A rough measure of their contribution this past year is
afforded by the growth in loans and investments. From
June 1940 to June 1941, total loans and investments of
commercial banks reporting to the Federal Deposit
Insurance Corporation rose 6,356 million dollars. Of
this increase in outstandings, some 2,899 million were
loans, the great bulk of which were for commercial and
industrial purposes. In addition to the creation of
new credit by the banking system, 1.8 billion dollars
was added to the monetary supply by increased money
in circulation.
As yet the rise in loans has given no evidence of
tapering off, weekly reporting member banks averaging
a monthly expansion of 190 million dollars in the third
quarter as compared with 146 million in the first. A
sizable proportion of such loans are made for defense
purposes. A special survey conducted by the Board of
Governors of the Federal Reserve System revealed that
weekly reporting member banks had made loans and
commitments for defense purposes totaling 1,092
million dollars as of April 30. About 60 percent of
these had financed expansion of working capital, while
the other 40 percent had been used primarily for new
plant in the aircraft and shipbuilding industries, and
for housing and military bases.
Influences affecting the growth in bank loans will
differ from those of the past year. As priority controls
become more comprehensive, as military production
increases, and as the advance in industrial output as a
whole slows down, materials for an increase in the
aggregate of inventories or for new nondefense plant
construction become increasingly difficult to obtain.
Effective regulation of inventory accumulation, coupled
with control over raw material prices, would go far
toward limiting further advances in the aggregate loan
volume. Moreover, as pointed out in detail last month,
the volume of loans to consumers will undoubtedly be
somewhat reduced as credit curbs are instituted and
the supply of new consumer durable goods declines. Of
course, a rise in prices will increase the need for funds,
and this may counteract a good part of the influence of
the above factors in reducing the pace of the loan
advance.
Banks Increase Government Security Holdings.
A channel through which the banking system is more
likely to funnel increased purchasing power to the
economy is the Government security market. In fiscal
SURVEY OF CURRENT BUSINESS
October 1941
year 1941, the total public debt expanded 6,873 million
dollars. Half of this was added to bank portfolios and
for the most part represented an increase in the supply
of deposits. The advance in bank loans for security
purchasing was small; so it may be presumed that a
good part of the remaining 3.4 billion of Government
securities was purchased with funds from current or
past incomes. Table 3 indicates the change from June
1940 through July 1941 in the holdings of the Federal
debt in various institutions through which savings are
directed, as well as the increase in individual (including
business) holdings.
A major problem this fiscal year will be to reduce the
proportion of newly issued Government securities added
to bank portfolios. In part this will be accomplished
by security sales to industry. Corporations continuing
to make heavy profits and setting aside record depreciation allowances because of liberal amortization of
defense plants, will find a decreased opportunity for
other than Government investment or retirement of
debt. The President and the Secretary of the Treasury
have also publicly recommended the extension of the
social security program. If this were to be done, purchase of securities by Federal agencies and trust funds,
already 1.4 billion in fiscal year 1941, would be further
increased.
Table 3.—Outstanding Interest-Bearing Securities of the
Federal Government, Direct and Guaranteed, as of June 29,
1940, and July 31, 1941, by Glass of Holder 1
New Corporate Capital Issues in Small Volume.
A substantial proportion of capital formation which
normally would be financed privately is today being
paid for by the Government. This is especially true of
new manufacturing facilities. Manufacturing capital
outlays this year will run close to 5 billion dollars, an
all-time peak, and approximately three fifths will represent Government expenditure.
The corporate security markets have continuously
reflected this large Government investment by the
absence of any major advance in private security
flotations. In the first 8 months new corporate capital
issues classified as "industrial" were only 157 million
BILLIONS OF DOLLARS
50
40
TOTAL LOANS AND INVESTMENTS
30
U. S. GOVERNMENT OBLIGATIONS
(DIRECT AND FULLY GUARANTEED)
\
[Millions of dollars]
1940
Federal agencies and trust funds:
Public issues
Special issues
Commercial banks
Federal Reserve banks
Mutual savings banks and insurance companies
Other investors:
Marketable issues
.
Nonmarketable issues
1941
2,293 2,368
4,775 6, 324
16, 552 20, 640
2, 406 2,184
9,613 10, 355
Change
+75
+1, 549
+4, 088
—282
+742
9,374
4,650
+99
+1, 750
47, 874 55, 895
+8, 021
9,275
2,900
-
'LOANS y
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941
D.D. 41-433
Figure 3.—Loans and Investments of All Member Banks on
Call Dates at the End of June and December.
1
Based on estimates prepared by the Board of Governors of the Federal Reserve
System; reports of the Comptroller of the Currency; and July 1941 estimates from
the Treasury Department survey of the holdings of Government securities.
1
Data prior to December 1938 exclude all loans on securities, regardless of purpose,
and loans to banks; beginning with December 1938, only loans for purchasing or
carrying securities and loans to banks are excluded. This change in classification
is indicated by a break in the curve. "Total loans and investments" include all
types of loans.
Source: Board of Governors of the Federal Reserve System.
However, a large share of the new security sales
should be made to individuals. Since the inauguration
of the new savings bond campaign in May, 1.5 billion
dollars of such bonds have been purchased. Sales will
be stepped up as alternative investment opportunities
become more scarce. Of course, not all of such purchases are made from current savings. It is known
that idle deposits held by individuals, as well as cash
hoards, have been accumulated steadily and now are in
record volume. If these should become active, either
for the purchase of commodities or Government securities, thus increasing the velocity with which the deposit
supply circulates, considerable support would be given
to an upward price movement.
dollars—a very low figure considering that business
activity is at record heights.
New capital issues for public utilities and the railroads
have also been small relative to capital expenditures
being undertaken in these lines. During the first 8
months, utilities issued new capital issues totaling 335
million dollars. But capital outlays by electric power
and telephone utilities are expected to approximate
1,100 million during this year. Likewise, new capital
raised by the railroads totaled 195 million in the
January-August period; yet outlays this year should
approach 600 million.
Thus, it is apparent that the utilities and the railroads
(and the same may be said for industry, notwithstand-
8
SUKVEY OF CURRENT BUSINESS
ing the Government investment and expanded bank
loans) are obtaining a good proportion of their capital
funds from profits, depreciation allowances, and in
some cases, idle cash funds accumulated during the last
decade. As suggested above, funds from these sources
will undoubtedly be diverted in part to the Government security market next year.
The General Increase in Passenger Traffic
One manifestation of quickened activity throughout
the Nation has been the general expansion in all modes
of travel. Railway, motor, air—in each instance the
record is different only in degree.
The influence of a higher level of income and the increased need of public officials, commercial representatives, and the Army, are all reflected in the advance.
Thus, the number of air passengers rose 37 percent in
the first half of 1941 over the like period in 1940.
Travel by parlor and sleeping car increased 27 percent,
while railroad coach travel expanded 15 percent. At
the same time, the number of passengers conveyed by
class I motor carriers advanced about one-third, while
private passenger automobile usage was the heaviest on
record, with gasoline sales up 11 percent in the first 8
months over a year earlier.
Military travel, both official and on leave, has been
an important factor contributing to increased motor
and rail operations. Nearly 1,900,000 members of the
armed forces were carried by the railroads on Government account during the first 8 months. While military
travel of this sort represented only 10 percent of the
aggregate increase, week-end leaves and visits to camps
appreciably raised the direct and indirect military contributions. Soldier movement has also been instrumental in lengthening coach trips by rail about 12
percent. Air and parlor and sleeping car trips have
changed little in length on the average.
With the exception of air transport, facilities thus
far have been adequate to meet the increased requirements for travel. But the railroads have been forced
to utilize old equipment that had been maintained in
serviceable condition for "standby" purposes. Moreover, partly in anticipation of a further expansion of
requirements next year, passenger train schedules are
being readjusted to eliminate duplicate services by two
or more railroads where it is advisable. In addition
some unnecessary trains on poorly patronized branch
lines and on secondary main-line services are being discontinued. In the case of commercial air transport all
requests for seats, particularly at peak hours, cannot
now be filled and the airlines are making efforts to
induce use of the lines at off-peak times.
A more serious bottleneck in passenger transport
exists in certain urban centers where new defense plants
have made necessary a heavy influx of additional labor.
Passengers carried by local transit lines numbered only
October 1941
6 percent more in the first 8 months of this year than in
the like period of 1940. But the gains have been concentrated in a relatively few areas and new plants, as a
rule, are located somewhat further from the homes of
workers than are old plants. Any shortage of gasoline
will of course create a more difficult transport situation
in these areas. Meanwhile, producers of motor carriers for urban passenger transport have been given a
very high blanket priority rating for necessary materials.
Railroad Income
While heavier passenger traffic has added something
to the income of the railroads, the major increase has
come from the freight movement. Total passenger
revenue in the first 8 months of 335 million was only
equivalent to 12 percent of revenue from freight
operations. For the first 8 months, operating revenues
rose to a total of 3.4 billion dollars, up 24 percent from
1940.
Carloadings in the January-August period expanded
18 percent over 1940. But heavier loading of some cars
BILLIONS OF DOLLARS
4
1929
1940
1941
DO. 41-427
Figure 4.—Financial Operations of Glass I Railways, Excluding Switching and Terminal Companies, for the First Seven
Months of Each Year.
1
Rents represent the consolidated net balance of equipment and joint-facility
rentals.
Source: Interstate Commerce Commission.
and longer hauls boosted the increase in terms of ton
miles of freight carried to 24 percent. As a result,
revenue from freight advanced from 2.2 billion in
January-August 1940 to 2.8 billion this year.
A large portion of railway operating expenses remain
relatively stable in the face of heavier activity and most
other expenses increase at a slower pace than traffic.
Thus, total operating expenses for January-August rose
only 14 percent from 2,027 million in 1940 to 2,302
million in 1941.
The result was a net operating income of 654 million
for the 8-month period, 77 percent more than a year
earlier and the highest since 1929. Though this appears
to be a very sizable increase, it must be remembered
that rail income throughout the past decade has been
October 1941
SURVEY OF CURRENT BUSINESS
9
badly depressed. The earnings so far this year still
If production and requirements next year are as
represent only slightly better than a 4 percent annual projected, wheat stocks will be lowered about onerate of return on the property investment as recorded on fourth, but cotton stores will decline only 9 percent. On
the carriers' accounting records.
the other hand, beef, milk, and egg stores will be inThe expansion of net operating income has varied as creased, partly because of the larger quantity of goods
between regions. The increase in the Eastern region in process made necessary by the rise in production.
was only 46 percent; whereas, gains in the southern and
Some further details of the production program are
western regions were 114 and 126 percent, respectively. shown in table 4. In the aggregate, the changes add
This difference was the result of varying success on the up to an increase in output of about 3 percent over 1941,
part of the roads in controlling expenses. The growth but more than 7 percent above the pre-war year 1939.
in operating revenues was surprisingly uniform, and the The British Food Requirements.
little difference that did appear was largely the result of
The expansion expected next year in the export of
somewhat greater rise in passenger traffic in the South, various agricultural commodities is depicted in table 5.
particularly on parlor and sleeping cars. But in the These exports are dominated by British needs, which in
matter of operating expenses, the eastern roads turn grow out of Britain's dependence upon overseas
recorded a rise of 15 percent, as contrasted with 11 and sources for large supplies of foods, as well as feed to
12 percent on the southern and western lines. This support her own livestock, dairy, and poultry producvariation occurred chiefly in transportation expenses. tion. In the pre-war period, for example, the United
Even before the present advance, traffic operations in Kingdom produced only 13 percent of the cereals conthe East were at a higher level than in the South and sumed within the country, half of the meat, a fourth of
West. Hence, the gains made in the past year neces- the fruit, four-fifths of the dairy products, a fourth of
sitated a sharper cost advance for the eastern roads.
the sugar, and none of the tea, coffee, or cocoa. Only
Net income after fixed charges for the first 8 months in the output of fish (production equaled nine-tenths of
of 1941 is estimated at 299 million dollars compared
1939=100
140
with 29 million in the corresponding period of 1940.
Though the gain was widely shared, 32 of the 137
reporting roads still carried a deficit. This was half
the number reporting deficits a year earlier.
MEAT ANIMALS (INCL. LARD)
The New Production Goals in Agriculture
120
AND CHICKENS
EGGS
MILK
The third year of the world conflict finds American
agriculture preparing to produce the largest output in
its history. To an increased domestic demand accom100
panying a record level of income, there has been added
in recent months the responsibility of providing a very
\
\
considerable share of the food requirements of Great
COTTON
\
Britain, as well as supplies needed by other countries
\
receiving lend-lease aid. While the influence of the
\
export factor will be offset in part by reduced shipments
to continental Europe and Asia, agricultural exports in
WHEAT
terms of value are expected within the next year to
become the heaviest since the twenties—a radical
change from the depressed levels of the first half of this
FLUE-CURED TOBACCO
year.
The character of export needs is creating significant
alterations in the pattern of agricultural output and
these alterations dominate the production program
announced for the next crop year. In general, the
production of meats and dairy and poultry products is Figure 5.—Indexes of Production of Selected Farm Products.
Source: U. S. Department of Agriculture.
to be expanded, along with certain special products such
as peanuts and turpentine.
consumption) and a number of fresh vegetables was
Against these anticipated gains, ranging from 7 to 10 England relatively free of the necessity to import.
percent for the most part, an effort will be made to cut
Approximately one-fifth of food imports came from
cotton production slightly (3.7 percent) and wheat out- Continental Europe, while 10 to 15 percent were
put very markedly (44 percent). The wheat crop this drawn from South America. Continental export of
year was extraordinarily heavy, and with record stocks meat, dairy, and poultry products is now shut off.
the total supply now tops all previous peaks.
Moreover, production of these commodities within the
41.6G81—41—2
FEED GRAINS
(CORN, OATS, a BARLEY)
\
\
\
\
VI
\
^—\^>
\
O PRELIMINARY
® PRODUC TION
ESTIMATES
GOALS
1
40
1939
I
1940
I
1941
1942
D.D. 41-442
10
SURVEY OF CURRENT BUSINESS
October 1941
United Kingdom itself lias been curtailed rather extenAll in all, the United States may supply not less than
sively in order to cut the necessity to import of bulky 25 percent of Britain's requirements of animal protein
feeds. On the other hand, vegetable and cereal outputs foods in 1942. Such an amount is sufficient to feed
have been expanded as they represent an efficient roughly 10 million persons and is the equivalent of 6
manner of utilizing scarce agricultural resources.
to 8 percent of total United States farm production.
In addition, some curtailment of foodstuffs from With the addition of other exports the proportion of our
Latin America, Australia, and New Zealand is to be ex- farm output sent abroad may rise to 8 to 10 percent.
pected. With a most pressing need for shipping faMost likely this heavy export will result in a tight
cilities, the shorter sea route to Canada and the United domestic supply of a few specific commodities. ShipStates should make these countries a preferable source ments are being made of some goods which heretofore
of supply. Likewise the necessary exchange arrange- have not been important in export trade. These same
ments are much easier handled with the United States commodities are those for which there is a relatively
through the use of lend-lease funds.
large expansion of domestic demand under a rising
level of income. Moreover, it is not always possible
Table 4.—Estimated United States Production and Year-End to increase agricultural output as rapidly or in the
1
Stocks of Selected Agricultural Commodities, 1941 and 1942
degree desired.
Notwithstanding increased export needs, aggregate
Domestic
stocks—end
Production
of year
supplies expected to be available for domestic use in
Item
1942 probably will permit some further improvement
1941
1942 Percent 1941
1942 Percent
in
per capita consumption. This conclusion, of course,
change
goal
goal
change
mate
mate
might be altered if the needs of Britain and perhaps
+73.9
2, 775 4,825
+7.0
Milk
million lbs_ _ 116,809 125,000
other anti-Axis countries should be further enlarged.
Eggs,..
million doz__ 3,676
100
180
4, 060 +10.4
+80.0
Pork and lard
million lbs__ 11,443
Beef and veal
do
8,778
Chickens
do
2, 887
Corn
million bu__ 2,524
957
Wheat-do
Canned fruits,-, million cases..
33
Dried fruits,-million lbs._ 1,200
Peanuts
do
1,499
Cotton(American)thous. bales,. 10,900
648
Flue-cured tobacco-million lbs__
285
Turpentine
thousand bbls.-
12, 770
9, 680
3,252
2,519
533
33
1, 200
2.700
10, 500
687
400
+11.6
+10.3
+12. 6
- .2
-44.3
0
0
+80.1
-3.7
+6.0
+40.4
100
150
500
650
3.4
200
120
950
330
150
400
475
2.9
200
120
-9.5
+230. 0
11,300
1, 508
10, 300
1, 365
-8.8
-9. 5
1,050
50
50
0
-20.0
— 26.9
-14.7
0
0
Commodity
1935-39
(average)
1940
goal
0
i Crop years 1941-42 and 1942-43; for noncrop products, calendar years 1941 and
1942. The 1942 goals represent production and year-end stocks desired or expected
on the basis of estimated domestic disappearance, lend-lease requirements, etc.
Whether they are realized in every instance will depend upon production factors
as well as the actual level of domestic use, possible increases in lend-lease shipments,
and other exports.
Source: U. S. Department of Agriculture.
This country already has begun its part in the wartime provisioning of the United Kingdom. Under the
first lend-lease appropriations, approximately 433
million dollars was allocated (through the end of
August) for agricultural products, 355 million for
foodstuffs, and the balance for cotton, tobacco, and
other nonfood farm products. Through August 31,
251 million dollars of this had been obligated by the
Surplus Commodity Corporation, with outlays increasing substantially in the most recent months.
Of even more importance, however, is the request for
a second lend-lease appropriation, which includes
among its items a contemplated expenditure of about
1 billion for agricultural products.
Of the first allocation, nearly 60 percent was for
meats (principally pork), dairy products, eggs, lard
and other fats and oils; another 20 percent was to go
for fruits and vegetables; and only 3 percent was to be
expended on grains. This distribution is likely in
general to be continued under the new appropriation,
as it is in accord with Britain's deficiencies and with
the ability to obtain supplies elsewhere—wheat from
Canada and beef from Argentina, for example—under
the shipping and exchange limitations mentioned above.
Table 5.—-United States Exports of Selected Agricultural
Products, 1935-42 *
Dairy products, million pounds, milk equivalent j
360
Eggs', million dozen, shell basis
2
Pork, million pounds, dressed weight equivalent.
143
Lard, million pounds
192
Chickens, million pounds, dressed weight
2
Dry edible beans, million pounds
64
Canned tomatoes, thousand cases, No. 2
140
Canned fruits, thousand cases, No. 2 ^
6,717
Dried fruits, million pounds
396
Wheat, including flour, million bushels
_
53
Cotton, thousand bales
5,306
Flue-cured tobacco, million pounds, estimated
farm weight
377
2,615
3 208
1, 000
3 306
3 114
2,720
3, 750
34
400
25
1,083
1,000
5,420
509
1, 350
640
21
400
2, 750
6,800
600
32
1,000
s 158
350
400
757
5
163
232
2
3
1941 1942 (ten
(esti- tative
mated) 2 projection) 2
157
390
400
8
340
1 Including shipments to noncontiguous territories. Crop years 1935-30 through
1942—43; for noncrop products, calendar years 1935 through 1942.
2 The export figures for 1941 and 1942 include currently proposed lend-lease "shipments. Lend-lease shipments may, of course, differf rom those now envisaged, while
other exports will be influenced not only by commercial demand abroad but also by
the availability of domestic supplies for export, depending upon production and
domestic use.
3
Preliminary.
Source: U. S. Department of Agriculture.
Price Advance Increases Farm Income.
The income of the farmer this year is being greatly
expanded despite a volume of 1941 farm product
exports which, for the year as a whole, has been much
smaller than in 1940. Rather, income gains this year
are the combined result of increased industrial activity
and the Government's program directed toward raising
farm commodity prices. Of course, success of the latter
program presupposes that increased consumer purchasing power produced by industrial expansion is
available to purchase farm commodities at the advanced
prices.
In general, prices received by farmers in September
were about one-third higher than in March and 43 percent above a year ago. From September 1940 to
(Continued on p. 25)
October 1941
11
SURVEY OF CURRENT BUSINESS
War Influences Dominate Foreign Trade
By Hal B. Lary
T
WO years of world conflict have brought about
vast changes not only in the composition and distribution of United States foreign trade but also in the
conditions under which it is conducted.
In the early months of the war these changes resulted
chiefly from external forces and only to a minor degree
from measures taken in this country. The arms embargo imposed after the outbreak of hostilities under
the Neutrality Act of 1937 was short-lived, while the
restrictions on credits and on movements of American
vessels and American citizens embodied in the revision
of that Act in November 1939 have had only incidental
and comparatively slight effect on the course of trade.
Of far more decisive influence in the early stages of the
conflict were the measures of economic warfare taken
by the United Kingdom and France—the blockade
against Germany, restrictions OD imports of nonessentials, and heavy war orders in the United States. These
measures cut off or seriously curtailed long-established
markets for many American goods, particularly agricultural products, and greatly stimulated the production and export of military supplies and other war
essentials.
Following the spread of Nazi conquest, the British
blockade against Germany was ultimately extended to
virtually the entire European Continent, which in 1938
had taken $776,000,000 of American exports and supplied $446,000,000 of American imports. At the same
time the British procurement program in the United
States was enormously expanded—orders by the British
Government up to September 15, 1941, totaled some
$3,674,000,000/ of which by far the greater part was
placed after Germany's victorious campaigns in the
spring of 1940.
These measures of external, now chiefly British,
origin have continued up to the present to be among the
most powerful forces affecting American foreign trade,
restricting it in some respects and greatly expanding it
in others.
In the meantime, however, the requirements of national security in the face of military developments
abroad have led to the adoption by the United States of
far-reaching measures which, directly or indirectly, are
having an increasingly dominant influence on the course
and conduct of trade. Some of these measures are
restrictive, others stimulative, in their effects on exports and imports, but all are directed toward the basic
and closely related objectives of securing national and
hemispheric defense and supporting nations resisting
aggression.
1
Including French orders taken over by the British after the fall of France.
Lend-Lease and Foreign Trade.
Shortly after repeal of the arms embargo the President
appointed a special Liaison Committee to assist the
United Kingdom and its allies in procuring military
supplies here and to coordinate their purchases with
our own defense program. While official advice and
assistance were thus provided, contracts covering these
orders were signed by the representatives of the foreign
governments concerned, and these governments paid
for such orders out of their own resources.
MILLIONS OF DOLLARS
601
30
MILLIONS OF DOLLARS
IRON AND
STEEL-MILL
PRODUCTS
METAL-WORKING
MACHINERY
NONFERROUS METALS
AIRCRAFT, PARTS,
j
AND ACCESSORIES __!
FIREARMS, AMMUNITION,
AND EXPLOSIVES
L
CRUDE AND
MANUFACTURED .
FOODSTUFFS
|
!
!
.
.
AGRICULTURAL
EXPORTS L.
Figure 6.—Value of Exports of U. S. Merchandise by Selected
Groups.
Source: U. S. Department of Commerce.
Very different procedures involving a far greater
degree of United States Government control were set
up after passage of the Lend-Lease Act of March 11,
1941. Under this measure procurement of goods for
transfer to countries eligible for lend-lease aid is undertaken and paid for directly by the United States
Government.2 To this end Congress on March 29
appropriated $7,000,000,000—a sum approximately
equal to the total gold and dollar resources which had
been available to the British Empire at the beginning
2
Details of lend-lease procurement procedures are siven in the first and second
reports under the Act submitted to Congress by the President under dates of June
10, 1941, and September 11, 1941, respectively.
12
SURVEY OF CURRENT BUSINESS
of the war. In his second report under the Lend-Lease
Act, transmitted to Congress on September 15, the
President stated that up to the end of August $6,281,000,000 of this amount had been allocated, and that
legal commitments for $3,556,000,000 had been made.
Three days later the President submitted a request
for an additional appropriation of $5,985,000,000 for
lend-lease purposes.
Sufficient time has not yet elapsed for the lend-lease
program to exert its full effect on foreign trade.3
Defense articles exported under the act from March
11 through August 31, 1941, totaled $190,000,000, but
such shipments were far exceeded by deliveries on
earlier orders placed by the British from their own
resources. Lend-lease materials are beginning to flow
from factories and shipyards, however, and shipments
of these materials will grow from day to day until
they constitute the most important single element in
our exports. An increasingly large part of our export
trade is therefore of a very special character, representing not merely intergovernmental transactions but
more specifically goods purchased by the United States
Government and transferred to governments of foreign
countries in w^hose defense the United States is vitally
interested.
October 1941
minerals, machinery and vehicles, rubber and manufactures, wood pulp, chemicals and related products
(except certain pharmaceuticals and medicines), edible
oils and fats, and many other commodities.
With respect to the United Kingdom and other
countries actively resisting aggression, the controlled
items are made available to the fullest extent possible
to meet their war requirements as mutually agreed
upon.
On the other hand, less favorable treatment is accorded of necessity to countries whose defense needs
appear less urgent. To a limited degree the restrictive
effects of the control have been lifted through general
licenses, authorizing exports of particular items to
specified countries. A broad application of this method
has not been possible, however, both because of this
country's immense requirements and because the other
countries concerned do not in all instances provide effective restrictions against reexports to the Axis powers.5
MILLIONS OF DOLLARS
500
300
Establishment of Export Control.
Exports to countries outside the "lend-lease area"
have also come increasingly under the influence of
extraordinary forces generated by the war. The
determination to provide assistance to nations resisting aggression and the vastly accelerated pace of
our own defense program have strained productive
capacity and necessitated measures to ensure that
materials and equipment are employed in the manner
best serving the national interest. Obversely, it is
no less important that our material resources should not
be permitted to fortify those nations bent on aggression.
Pursuit of these objectives led to the export licensing
control system, authorized by law of July 2, 1940. This
system is designed to prevent the exportation, except
under license, of any military equipment, or machinery,
tools or materials necessary for producing or operating
such equipment, as might be designated by the President in the interest of national defense.
An original list of articles and materials subject to the
control system became effective July 5 and has been
greatly expanded by subsequent orders. The ratio of
exports under license to total exports rose from about
16 percent in July 1940 to 40 percent in July 1941 (see
figure 7). The schedule has since been further extended until, at the end of September, it applied to
commodities which constituted about 88 percent of all
exports in the first 5 months of the year.4 It now covers
practically all metals and manufactures, nonmetallic
8
See discussion on page 2 of this issue.
i This figure, based on exports earlier in the year rather than current trade, is not
strictly comparable with the percentages covering actual exports under license in
July 1941 and previous months.
200
100
1940
1941
a a 41-429
Figure 7.—Value of Total Exports and Exports Under License,
Including Reexports.
Source: All data except "Exports under License" from July through November
1940, U. S. Department of Commerce; "Exports under License" for this period,
Administrator of Export Control.
Moreover, even though exportation from the United
States may be permitted under general or specific
license, the execution of orders for nondefense items,
for export as well as for domestic use, has become
increasingly difficult because of priorities granted
defense production in the use of essential materials.
Many of the countries adversely affected by export
control and priorities have long relied in large measure
on imports from the United States to cover their
requirements of industrial and consumer goods, and
this dependence has been greatly increased by the
interruption in trade with Europe. The consequent
dislocation in the economic life of these countries,
particularly the other American republics, has been
a source of increasing concern to the United States,
and special measures and procedures have been inau5
The Under Secretary of State proposed on July 19, 1941, to the Inter-American
Financial and Economic Advisory Committee that consideration be given to the
"creation of an inter-American system of export control involving strict restriction
and control of the exportation of products outside of the Western Hemisphere with a
maximum of free commerce within the hemisphere which is compatible with defense
requirements."
October 1941
SURVEY OF CURRENT BUSINESS
13
gurated with a view to meeting their most essential The Stock-Pile Program and Preclusive Buying.
On the import side, the parallel to the export control
requirements insofar as possible.
The Under Secretary of State announced on July system is furnished by the program for the accumula17, 1941, that the Government was establishing two tion of reserves of strategic and critical materials.
The first endeavors to build up reserves of these
parallel procedures for handling export licensing and
priorities matters relating to exports to the other Ameri- commodities were made shortly before the war began.
can republics, one being for government and the other The Strategic Materials Act, which became law in
for nongovernment requirements.6 It was requested June 1939, authorized the appropriation of $100,000,000
that all matters pertaining to government needs or over a 4-year period for this purpose, but limited the
any projects which the governments might wish to first year's appropriation to $10,000,000. Also in June
sponsor be taken up by their missions directly with the 1939, the Governments of the United States and the
Department of State. The announcement further United Kingdom concluded an agreement for the
stated: "To the extent that it is agreed to be desirable, exchange of 600,000 bales of American cotton against
certain of the listed items will be procured by the Gov- something over 85,000 long tons of crude rubber from
ernment of the United States directly for the account of British Malaya. Receipts of crude rubber under this
the other American Government in question. Other arrangement have been consummated.
items on the lists, subject to the approval of the DeIt was not until after Germany's victories in the
partment of State, will be transmitted to the Adminis- spring of 1940, however, that the United States emtrator of Export Control for preferential processing, barked on a large-scale program for building up stock
as necessary, through the Office of Production Manage- piles of vitally needed defense materials. Under legisment, the Army and Navy Munitions Board, and other lation approved June 25, 1940, the Reconstruction
appropriate agencies." 7
Finance Corporation set up three subsidiaries for this
The procedure for dealing with nongovernment re- purpose: The Rubber Reserve Co., the Metals Reserve
quirements of the Latin American republics wras to be Co., and the Defense Supplies Corporation. Comhandled by the Administrator of Export Control. The mitments totaling more than $1,100,000,000 for the
Administrator undertook to provide information and purchase of materials from abroad had been entered
these three companies through September 13,
services on all aspects of export problems, including into by
9
priorities questions and shipping availabilities, and to 1941.
One of the largest stock-pile items is rubber, for which
facilitate a maximum of free movement within the
Western Hemisphere compatible with defense require- the Rubber Reserve Co. has undertaken to purchase up
ments. This procedure was implemented on August to 430,000 tons, at a cost of approximately $190,000,000,
11 by the establishment of a clearance service in the in southeastern Asia. On September 13, 1941, 140,318
Office of Export Control whereby priority ratings might tons had been delivered, 66,391 tons were in transit, and
be granted export proposals after clearance with other 150,601 tons awaited shipment. Deliveries on these
orders are expected to be completed by the middle of
interested agencies.
With the transfer of the Office of Export Control to 1942. In addition, the company has agreed to buy up
and
the Economic Defense Board, announced on September to 30,000 tons of Brazilian rubber in 1941, 1942,
10
1943
at
a
maximum
cost
of
about
$20,000,000.
17, it was indicated that the endeavor to meet the needs
Commitments by the Metals Reserve Co., through
of the other American countries and other friendly
September
13, 1941, for the purchase of materials from
nations would be pursued even more vigorously and
8
other
countries
totaled approximately $880,000,000,
systematically than before.
distributed
as
follows:
Refined tin, $207,500,000; tin
6
These procedures are also available to countries other than the American republics.
ore,
$122,434,000;
aluminum,
$180,034,000; copper,
7
Orders by certain foreign governments, including those of Latin American countries,
may also be handled through the lend-lease mechanism on a "cash reimbursement"
$140,110,000; tungsten, $113,169,000; manganese ore,
basis, which provides for the procurement of an item in precisely the same way as
$41,766,000; lead, $31,819,000; chrome, $12,015,000;
that used for other lend-lease operations, with the exception that the foreign government deposits cash with the United States Treasury against the value of the goods
antimony, $6,403,000; zinc ore, $3,843,000, and various
to be purchased. The second report under the Lend-Leasc Act, transmitted on
other
metals.
September 15, indicated that four foreign governments—Brazil, Canada, the Dominican Republic, and the Netherlands—had made purchases on the "cash reimburseThe Defense Supplies Corporation had made comment" basis. The report commented on the advantages of this procedure as follows:
mitments totaling approximately $67,790,000 through
"The use of the lend-lease mechanism for the making of such purchases is beneficial
to the United States defense program because, under such a system, foreign orders,
September 13, 1941. Of this amount, however, $40,even though paid for in advance, become United States Government contracts under
000,000 represented the Corporation's announced willthe supervision and control of the United States Government agencies. This obviates
the need for separate foreign priority ratings as well as limiting the chances for coningness to purchase up to 100,000 bales of raw silk now
flicting production, exorbitant prices, and the misuse of raw materials, labor, and
plant facilities."
8
The executive order making the transfer specifically instructed the Economic
Defense Board to prepare estimates of materials and commodities required for export
purposes in the interest of economic defense, exclusive of lend-lease operations. It
may be noted also that the Under Secretary of State on August 25 gave official assurance that "goods of which the United States is the principal or sole supplier * * *
will be made available on an equal basis to the people of the other American republics
as liberally as they are to the people of this country."
9
Report of September 15, 1941, by the Federal Loan Administrator to the President and Congress.
10
Including receipts under the cotton-rubber exchange agreement, the Government's stock pile of crude rubber at the middle of September was about 230,000 tons.
Private stocks, now controlled under the priorities system, have also greatly expanded,
amounting to approximately 216,000 tons on August 31—an increase of about 90,000
tons since the Rubber Reserve Co. was established.
14
SURVEY OF CURRENT BUSINESS
ill the United States or which may hereafter arrive.
Such stocks were frozen by order of the Office of Production Management following interruption of trade
with Japan in August. The remainder of the Defense
Supplies Corporation's commitments cover mainly
commodities which it is in the process of obtaining from
abroad, including $10,000,000 of cork, $6,303,000 of
nitrate of soda, $3,200,000 of jute, $3,000,000 of South
American wool, $1,500,000 of Manila fiber, $1,340,000
of quinine sulphate, and lesser amounts of leather,
kapok, diamond dies, and several other items.11
The progress made by the three RFC subsidiaries in
obtaining deliveries on some of the principal stock-pile
items is indicated by figure 8. These purchases,
together with small acquisitions by other Government
PERCENT
100
80
60 ~
11J
!
40 —
-I-I-I-i-^r
i
i
CORK
RUBBER
I 1 11
1 111 I 1 I i M m m
MA- COP- LEAD CHROME ANTIRE- MANN|- ZINC
NILA
PER
MONY FINED GAN- TRATE ORE
FIBRE
TIN ESE
OF
ORE SODA
TIN TUNGORE STEN
0.0. 41-456
Figure 8.—Percentage of Certain Strategic and Critical Materials Delivered and Afloat to Total Purchases and Commitments (Quantity Basis) by the Reconstruction Finance
Corporation, through September 13, 1941.
NOTE.—Data do not include stock piles or reserves accumulated by Federal agencies
other than the Reconstruction Finance Corporation or by private industry.
Source: Federal Loan Agency.
agencies, are obviously accounting for a heavy portion
of total imports. While imports on private account
have also increased greatly in many cases, contracts
by official agencies now cover many of the major foreign
sources available. In the case of one commodity the
Government has become the sole importer. Under
arrangements worked out with the British and Netherland Governments and the International Rubber
Regulation Committee, effective June 23, 1941, all
exports of crude rubber to the United States from southeastern Asia will be restricted to the Rubber Reserve
Co., although shipments will continue to include for a
time deliveries on old contracts by private importers.
As in the case of exports under lend-lease, therefore,
an increasingly large part of the import trade is being
carried on through official channels. Like other measures affecting foreign trade, this development is an
inevitable outgrowth of the present emergency. Only
u
The Defense Supplies Corporation is also transporting and storing in this country
250,000,000 pounds of Australian wool, of which more than 82,000,000 pounds had
already been received as of September 13. The wool belongs to the United Kingdom, but the United States Government is providing for transportation and storage
costs, estimated to total about $12,000,000, and has the right to use any part of it that
may be required.
October 1941
the Government has the interest, authority, and resources to store up great reserves of materials and to
make satisfactory arrangements for their procurement.
The concentration of imports of these materials in official agencies also simplifies distribution problems under
the priorities system.
The significance of the stock-pile program lies not
only in the accumulation of materials vital for United
States defense production but also in its bearing on
another important aspect of this country's foreign
policy: The prevention of shipments of such materials
to the Axis powers. In connection with his proposal on
July 19, 1941, for the creation of an inter-American
system of export control, the Under Secretary of State
urged that each of the American republics establish a
system of export control covering its own production of
strategic and critical materials. The Under Secretary
stated that there were strong markets in the United
States for most of these materials and gave assurance
that United States Government agencies stood ready
to give consideration to purchasing supplies of such
commodities under the stock-pile program.
This offer has already been implemented by the negotiation of special agreements with Latin American
governments and producers. One of the most complete arrangements of this type is that with Mexico.
It was announced on July 14, 1941, that the Metals
Reserve Co. and the Defense Supplies Corporation, in
conjunction with the State Department, had completed
arrangements which, for the following 18 months, would
make available to this country or other countries of the
Western Hemisphere the exportable surplus of Mexican
strategic and critical materials, including antimony,
copper, graphite, lead, mercury, tungsten, tin, zinc,
and henequen.
Financial Assistance to Foreign Countries.
The raw material producing countries of Latin
America, the Far East, and elsewhere have benefited
substantially by the stock-pile program and heavier consumption in United States defense industries. Principally because of these factors, imports from Latin
American countries in the first half of 1941 were almost
100 percent larger than in the first half of 1939, yielding
a substantial excess in favor of that area as a whole
and, in conjunction with other factors, greatly easing
the exchange difficulties experienced by many of these
countries following the outbreak of the war. Imports
from the Netherlands Indies and British Malaya have
also increased enormously.
The benefits conferred by these purchases, however,
are not fully indicated by the import statistics. In
several cases the United States has agreed to make substantial advance payments to assist in production or
for other purposes. In connection with the purchase
of 340,000 tons of aluminum by the Metals Reserve
Co. from Canada, for delivery through 1944 and involving approximately $126,000,000, it was agreed to
SURVEY OF CURRENT BUSINESS
October 1941
15
zation of the economies, and the orderly marketing of
the products of the Western Hemisphere. At the same
time its lending power was increased from $200,000,000
to $700,000,000.
Following the grant of this additional authority,
loans authorized by the Bank for Latin American
countries increased sharply, amounting to $188,650,000
up to August 15, 1941, or almost 60 percent of the total
of $321,000,000 authorized for these countries since the
Bank was established.12 Loans made during the past
year included $20,000,000 to Brazil for the construction
of a steel mill, in which $25,000,000 in Brazilian funds
was also to be invested. Another project is the development of rubber and other tropical products in Haiti, for
which $5,000,000 was advanced. Loans have also been
granted to various other Latin American countries
for the purchase of United States agricultural and
industrial products.
In recent months the problem of developing the
resources of the other American countries appears to
have become less one of providing credits and dollar
exchange—our increased, purchases of raw materials
have alleviated these difficulties—hut rather one of
priorities. In this respect the Government has expressed its intention to aid in promoting the most
important projects. With reference to the construction
of the steel mill in Brazil, for example, the State Department announced on July 9 that priority aid would be
provided by the Office of Production Management in
obtaining steel, machinery, and other equipment.
With the exception of credits advanced to Finland
in the winter of 1939-40, China is the only country
outside the Western Hemisphere to receive ExportImport Bank assistance since the outbreak of war in
Europe. Three credits aggregating $95,000,000 were
established during 1940 to finance the sale of American
supplies to China. Repayment of these credits and
others previously granted13 is provided for largely out of
shipment of tung oil, tin, tungsten, and other strategic
materials. In addition to assistance rendered by the
Export-Import Bank, the Stabilization Fund announced, on April 25, 1941, a $50,000,000 credit for
China.
Foreign Funds Control and Foreign Trade.
Control over foreign funds and foreign exchange
transactions administered by the Treasury under the
President's executive order of April 10, 1940, and subsequent extensions—which now directly apply to 32
foreign countries and affect more than $7,000,000,000
of foreign-owned assets in the United States—affords a
system of restrictions on foreign trade and other transactions which parallels and reenforecs in many respects
other measures affecting trade.
Export and import transactions come within the purview of foreign funds control because of the prohibitions
and restrictions applied with respect to transfers of
credit and other financial transactions—which are the
indispensable counterpart to the movement of goods.
In addition to this indirect but extremely effective
check, the Treasury's authority under the freezing
order extends to "any transaction for the purpose or
which has the effect of evading or avoiding the foregoing prohibitions." Moreover, transactions involving
property in which any blocked country or its nationals
has "any interest of any nature whatsoever"—with
respect to which the powers mentioned are to be exercised—are broadly defined to include, among other
things, "any export or withdrawal from the United
States to such foreign countries." The Treasury's control over transactions involving such property is exercised by the issuance or refusal of licenses—either
general or specific, as the case may be—and is enforced,
as far as merchandise trade is concerned, through the
customs administration.
Foreign funds control was undertaken by the United
12 Actual disbursements out of the $321,000,000 total, however, amounted to only
about $92,200,000 through August 15, 1941. Of the latter amount only $36,650,000 was
still outstanding.
13
Total loans authorized for China by the Export-Import Bank have amounted to
$138,200,000, of which, through June 30,1941, $98,200,000 had been actually disbursed
and $77,500,000 was outstanding.
advance $50,000,000 to finance the expansion of power
and plant facilities. On September 17, 1941, it was
announced that the Defense Supplies Corporation had
contracted with Amtorg Trading Corporation for the
purchase of approximately $100,000,000 of Russian
materials and had agreed to advance up to $50,000,000
of this sum for use by the U. S. S. R. in purchasing
supplies from this country.
Another RFC subsidiary, the Export-Import Bank,
lias been active in providing financial aid to the other
American countries. Ever since the Bank was established in 1934 it has furnished valuable assistance,
although on a limited scale, in financing trade transactions with these countries and other areas. In September 1940 its activities were greatly expanded to alleviate the serious disturbances to the economic life of
the Latin American countries resulting from the war.
The Bank was authorized by Congress to make loans
to assist in the development of the resources, the stabili40
MILLIONS OF DOLLARS
60
80
100
140
1939
1940
Figure 9.—Loans Authorized by the Export-Import Bank for
Latin American Countries.
Source: Export-Import Bank of Washington.
16
SURVEY OF CURRENT BUSINESS
States for reasons quite different from those which have
ordinarily prompted the establishment of exchange
control by other countries. In most instances foreign
countries have resorted to such measures as a means of
conserving their own exchange resources abroad. By
contrast, the adoption of control by the United States
was, initially, for the purpose of protecting assets in
this country belonging to nations which had fallen
under alien occupation and no longer had freedom of
choice in the use of their resources.
This protective control was first applied on April 10,
1940, to the assets of Denmark and Norway upon the
invasion of those countries by Germany, and was extended to the Netherlands, Belgium, and Luxemburg on
May 10, 1940, to France on June 17, 1940, and to other
invaded countries in turn as they fell victims to Axis
aggression.
The freezing orders apply in principle not only to tliegovernments and nationals in Europe of the countries
affected but also to their possessions and nationals in
other parts of the world. The Treasury, however, has
issued a variety of exemptions in the form of general
licenses to avoid restricting unduly legitimate transactions by these governments and nationals situated
outside the occupied countries. Such exemptions have
been particularly important, for example, in the case of
the Netherlands Indies, with which commercial transactions are now subject only to very minor restrictions.
While protection of property belonging to victims of
Axis aggression was the major purpose of the first
freezing orders, the control has since been greatly expanded as to both scope and purpose. On June 14,
1941, an executive order was issued freezing German
and Italian assets as well as those of all other Continental European countries not affected up to that time.
The purpose of this action was not only "to prevent the
liquidation in the United States of assets looted by
duress or conquest," but also "to prevent the use of the
financial facilities of the United States in ways harmful
to national defense and other American interests" and
"to curb subversive activities in the United States." 14
The extension of the control to the remaining
countries of Europe was made "with a view to implementing the control of German and Italian assets in
this country and in view of the interrelationship of
international financial transactions." It was indicated
at the time, however, that the freezing control would be
lifted through the medium of general licenses with
respect to certain of these countries subject to receipt
of assurance from their governments that such licenses
would not be used to evade the purposes of the control.
It was also stated that transactions under general
licenses would be subject to reporting and careful
scrutiny. General licenses of this character have since
been issued for Sweden, Switzerland, the U. S. S. R.,
Spain, and Portugal.
i* Statement released by the White House on June 14, 1941.
October 1941
Insofar as Continental Europe is concerned, the
volume of trade affected by the freezing orders was not
large. The British blockade and navicert system had
already reduced that trade to a mere trickle permitted
the few remaining neutral nations. While foreign funds
control has made possible a more careful check on exports to these countries, its chief effect has been to
prevent the use of blocked funds by the Axis for other
purposes detrimental to our interests.
On the other hand, the freezing of European assets
did affect an important volume of trade in another
direction—that with Latin America. As mentioned
above, the "nationals" of a blocked country include
such nationals, broadly defined, wherever they may
be. Germans and Italians, as well as nationals of other
blocked countries, have long played a prominent role
in trade and industry throughout the world. While
their activities in many areas had already been circumscribed or brought to an end by the war, Germans and
Italians remained unrestricted in Latin America, where
in many cases they were engaged in anti-American
pursuits.15
The order of June 14 afforded a means of curtailing
these activities. The application of the freezing order
to all nationals of blocked countries, however, would
have entailed serious disadvantages in trade with Latin
America. It would have been difficult for traders and
bankers here to determine whether or not their Latin
American contacts were blocked nationals within the
meaning of the order. Moreover, it was recognized that,
among firms which might be so classified, there were
many whose interests were consistent with interAmerican solidarity and security.
With a view to causing the minimum interference
with legitimate inter-American trade, therefore, the
Government accepted responsibility for determining
which firms and individuals in Latin America were to
be treated as nationals of Germany and Italy. For this
purpose there was issued on July 17 a "Proclaimed List
of Certain Blocked Nationals," containing the names of
more than 1,800 persons and business institutions (subsequently increased to about 2,100) who were to be
subject to the freezing order for all purposes. It was
provided, furthermore, that no article under export
control could be exported to persons on the list except
under special circumstances and subject, of course, to
the issuance of an export license. In addition, it was
ordered that a license must be obtained from the
Treasury for any exportation or importation in which
any person named in the list had an interest.
At the same time the Treasury issued a general
license permitting inter-American trade transactions
and financial transactions incidental thereto involving
persons not on the list but who were otherwise blocked
nationals within the meaning of the order. Financial
15
See, for example, statement released on January 8, 1941, by the Office for Coordination of Commercial and Cultural Relations Between the American Republics
(published in the State Department Bulletin for January 11, 1941).
1941
SURVKY OF CURRENT BUSINESS
17
transactions by such persons not incidental to trade, j advice of the Office of Production Management, and
however, remained subject to specific license in each i ship operators.
Under the new measure the Commission is empowered
case.
I
The most drastic olivets of the freezing orders on trade j to issue warrants to American and foreign vessels
have been visible in the case of Japan, whose assets wore i giving them precedence in the use of harbor facilities,
frozen on July 25 following* that country's occupation of ! including loading and unloading, repairs, bunker fuel,
French Indochina. Shipments to Japan had already j and other ship supplies. Priority is thus granted, to
been reduced toward the end of 1940 by export control, | vessels and ship operators cooperating with the defense
which covered many items most in demand by that I program in carrying the most vital import and export
country, A substantial volume of export- trade in •cargoes. While the warrants system does not make
licensed articles or those not yet subject to control \ compliance mandatory, it is a very compelling instruremained, however, while imports from Japan remained • ment . Failure to cooperate on the part of either Ameriunrestricted and continued to yield that country useful ! can or foreign operators would entail extremely serious
dollar exchange. The extension of foreign funds cont rol I disadvantages, since they could have no certainty reto Japan brought all financial and import and export j garding the use of essential port facilities without a
transactions involving Japanese interests under control \ warrant.
of this Government. This action, together with reBy the same means the Maritime Commission is able
taliatory measures by Japan, had the practical effect : to regulate more effectively ocean, freight rates, thus
of bringing trade between the two countries to a strengthening the informal agreements previously
standstill.
reached with American-flag ship operators. On July
Foreign funds control was extended to China at the /)() the Commission announced a new scale of maxisame time that it was applied to Japan, but for quite mum time charter rates, effective August 1, materially
different reasons. Control over Chinese assets was reducing previous rates.
instituted at the request of the Chinese National Gov- Centralized Control by the Economic Defense Board.
ernment at Chungking to assist in strengthening its
Under the impact of 2 years of war abroad, the
foreign trade and exchange position. While trade United States Government has become a "foreign
with the occupied areas, as with Japan, virtually ceased, trader" on a multibiilion dollar scale. It procures out
the restrictive effects of the control on transactions with of its own resources vast quantities of war supplies for
free China were lifted by means of general licenses transfer to embattled nations whose triumph is vital to
issued for the- National Government and the Central our security. It also undertakes directly or assists in
Bank of China and for various American, British. the procurement of goods required by other countries
Netherlands and other non-Japanese banks in China. whose welfare is essential to national and hemispheric
I security and provides financial aid to many of these
Control Over Shipping Facilities.
I countries to assist in their economic development and
Developments growing out of the war have also j
to combat the disruptive effects of the war. It purnecessitated control by the Government over still i
chases and imports great stores of strategic and critical
another aspect of foreign trade, namely, ocean trans- !
materials to hold in reserve and to meet the current
portation. The shortage of shipping resulting from j
needs of defense production.
German attacks on British and neutral vessels and an I
In addition to participating directly in. exports and
immense expansion of requirements has made itself :
imports on an increasing scale, the Government has
acutely felt throughout the world.
:
found it imperative to assume control in one way or
While progress has been made both in combating j
another over almost all other aspects of trade. Most
the threat to shipping and in undertaking new con- j
export commodities are subject to licensing requirestruction, the production of defense articles for export |
ments, and this control is virtually complete in cateand the increased demand for imported raw materials •
gories of importance to national defense. Foreign
may be expected to press against available transport a- ;
exchange and financial transactions with many foreign
tiou facilities for some months to come. Control of ;
countries and their nationals are under official control
shipping in order to give preference to the most vital \
and are blocked whenever they involve benefits to
import and export cargoes has consequently7 been
nations whose policies menace American security.
necessary.
;
Maritime transportation is controlled to give precedence
Enactment of the Ship Warrants Law on July 14,
to
1941, gave the Maritime Commission authority to \ shipments most urgently required, while less essential
establish a formal control of this nature. In actual : imports and exports must wait their turn.
Although their major purposes have been clear, it
practice, however, allocation of cargo space for materials
was
inevitable that, in the rapid development of such
most urgently needed had already been exercised for ;
far-reaching
emergency controls over foreign trade,
several months before that time through informal |
(Continued on p. 2.*V)
arrangements between the Commission, acting with the |
416681—41—3
October 1941
SURVEY OF CURRENT BUSINESS
18
Monthly Estimates of Sales 1 of All Retail
Stores, 1935-41
By Louis J. Paradiso and William C. Shelton
N economic measure of exceptional importance at
the present time is one that reveals changes in the
level of consumer expenditures for goods and services.
With defense output encroaching on some phases of
civilian production and with price increases accelerating, the economy daily faces many new and difficult
problems that require speedy solution.
Not all of these problems are related to military production; many are strictly concerned with civilian
welfare. Adjustment to an all-out defense effort
requires that civilian problems be met as squarely as
those which are more military in character.
At the moment, the rational allocation of scarce rawr
material supplies among many civilian lines competing
for them is a major problem. So, also, is the question
of price control. Consumer spending is being accelerated as incomes expand under impetus from defense
spending. Already, in many lines consumer output is
unable to match the growth in demand and prices are
advancing.
Successful solution of these and other defense problems requires the compilation of a wide variety of data
not heretofore available: on demand, capacity, inventory, ability to transport, and so on. Among the more
essential—particularly for analysis of the general demand picture—are data on consumer expenditures.
In an effort to provide some of this essential information the Bureau of Foreign and Domestic Commerce
has undertaken to prepare a monthly series of total consumer expenditures. In this article the methods and
results of one phase of this general study, namely,
monthly estimates of sales of all retail stores2 are presented.
For the most part sales of retail stores represent consumer purchases of commodities, which constitute
about two-thirds of all consumer expenditures. Thus
it is hoped that these data will prove a valuable addition
to the fund of information already available and needed
in the present emergency. Furthermore, monthly data
on sales of retail stores provide a current measure of
activity in retail trade which will be useful to businessmen, investors, and others who are constantly making
decisions based in part on their anticipation of con
sumer demand.
A
J The authors wish to acknowledge the contributions of Luther W. Stringhara wh
assisted in the methodology and prepared much of the statistical materials; J. Harold
Stehman who worked up some of the indexes of the independent store series in th
early stases of the study; and Reba L. Osborne who supplied the chain store indexes
* A study of total consumer expenditures will be given in a iuture article on con
sumption where the problems of definition and measurement, a discussion of which i:
beyond the scope of this article, will be presented.
lonsumer Purchasing in Record Volume.
Consumer purchases of commodities have increased
to unprecedented levels in recent months. In fact,
sales of retail stores in 1941 are estimated at approximately 54.3 billion dollars. As shown in table 1, this
compares with 45.7 billion dollars in 1940 and 48.5
billion in 1929. Eliminating as far as possible changes
in the level of retail prices, sales in 1935-39 dollars are
estimated at 50.7 billion dollars in 1940 and 41.0 billion
in 1929. Finally, after allowing for population growth,
real retail sales per capita in 1941 are estimated at
roughly 10 percent above the 1929 and 1940 levels.
Thus, sales of retail stores are at an all-time high
whether measured in current or constant dollars, aggre-
SALES OF RETAIL STORES.
/
/
Figure 10.—-Indexes of Sales of Retail Stores and Income
Payments, Adjusted for Seasonal Variations.
Source: U. S. Department of Commerce.
gate or per capita. Cuts in civilian output of certain
goods have already been made and undoubtedly further
reductions will be announced this year and next.
However, it is clear that any over-all reduction in the
output of civilian goods must reach large proportions
before it lowers the standard of living belowT the highest
levels attained before the defense program was inaugurated.
The rapid expansion in sales of retail stores is shown
by the estimated increase of 8.6 billion dollars, or 19
percent, for 1941 over 1940. This is the largest year-toyear increase both in dollars and in percent since recovery began in 1933. Only about half of this increase,
however, represents an expansion in the volume of
goods, the remainder representing increased prices.
As suggested above, the great increase in sales of
retail stores has important implications for the general
problem of price control. Income payments have in-
October 1941
creased at a rapid rate, and in spite of higher individual
income tax rate? and reduction in the volume of consumer credit, demand for goods will continue to increase.
It is estimated that income payments this year will
amount to nearly 90 billions of dollars, as compared
with 76 billions in 1940. If the present rate of increase
in defense spending continues, income payments will
be substantially greater in 1942 and demand for civilian
goods will also increase. As more and more labor and
materials are diverted to production for defense, output
of civilian goods will be unable to keep up with increased buying power and an increase in the price level
is clearly indicated.
That larger income payments are normally accompanied by increased purchases of commodities is clearly
seen in fig. 10 which shows the correspondence in the
movements between sales of retail stores and income
payments on a seasonally adjusted basis since 1935.
The two series are derived from almost entirely independent sources. On the whole, the similarity in the
movements of the two curves shown in the chart is very
striking. The marked dissimilar movement in income
payments in 1936 is due to the bonus payment in that
year, and since that part of it spent for commodities
did not immediately find its way into retail channels,
sales did not show a corresponding movement. Although the association between the two series has been
rather close in the past, it will undoubtedly be disturbed
in the near future as restrictions on output of civilian
goods become more widespread and purchasing power is
diverted by taxation and other means to military
output.
It is also evident from the chart that throughout the
period sales of retail stores have been somewhat more
flexible in percentage terms than have income payments.
From 1935 to 1937 sales rose by a larger percent than
income payments, and from 1937 to 1938 they fell by
a larger percent. For the last 3 years their percentage
rise has again been steeper than that of income payments. This greater flexibility of retail sales of commodities is due in part to the fact that consumer expenditures on services have been somewhat more stable
than their incomes.1
The results and methods used in estimating sales of
all retail stores are presented in the following sections
in considerable detail. Although a more useful series
would be that of consumer expenditures for commodities, data on a commodity basis are not available currently and it is not possible to estimate such expenditures directly.
Sufficient information is available, however, on sales
of retail stores to provide a basis for deriving an index
which is believed to reflect the movements of consumer
1
The greater stability of services in relation to retail sales is confirmed by the data
developed by Simon Kutznets, "Commodity Flow and Capital Formation,"
National Bureau of Economic Research, and by data on expenditures for services
compiled by this Bureau thus far in connection with the development of a series on
total consumption.
19
SURVEY OF CURRENT BUSINESS
expenditures for commodities fairly adequately. The
dollar estimates, however, indicate only approximately
the actual level of consumer expenditures for commodities.
Many adjustments, such as the addition of direct
sales of commodities to consumers by manufacturers,
wholesalers, and at army posts, and the deduction of
sales of building materials, for example, not made to
ultimate consumers, must be made in order to obtain
total commodity sales to consumers.
It is important that the nature of the estimates
presented below be clearly understood. In each case
the monthly data represent sales of retail stores as
defined by the Census of Business. A store is classified
in retail trade if over half of its sales are at retail. Total
sales as published by the Census of Business for 1935
INDEX, 1935-39 = 100
BILLIONS OF DOLLARS
160
5
> INDEX
OF
SALES
(ADJUSTED FOR SEASONAL VARIATIONS)
60
1935
1936
1937
1938
1939
1940
1941
DO 41-416
Figure 11.—Value and Index of Sales of Retail Stores.
NOTE.—-One hundred points on the left scale equal $3,236,000,000 (average sales
for 1935-39), on the right scale.
Source: U. S. Department of Commerce.
were used as a base in the monthly series, and these
series were then adjusted to sales of retail stores shown
in the 1939 Census. In other words, the 1935 and 1939
dollar estimates presented in tables 1 and 3 agree with
the corresponding totals from the Census of Business.
The monthly estimates of sales of retail stores have
been built up from estimated sales for each of ten groups
of retail stores. The ten groups of stores have been
selected on the basis of Census classification by kind of
business. The groups included are: (1) food stores,
(2) eating and drinking places, (3) apparel stores,
(4) filling stations, (5) building materials (including
lumber) and hardware dealers, (6) household furnishings (including furniture, household appliances, and
radio) stores, (7) automotive stores (excluding garages),.
(8) drug stores, (9) general merchandise (including
general) stores, and (10) other retail stores.
For each group of stores monthly dollar estimates
were prepared, adjusted to the 1935 and 1939 Census
levels, together with daily average indexes both with
and without seasonal adjustment. In addition to these
ten kinds of business, sales of durable goods stores were
obtained by combining groups (5), (6), (7), and jewelry
20
SURVEY OF CURRENT BUSINESS
stores included in group (10) above. The remaining of business in the census is based primarily on the comstores were combined into a group called nondurable modities sold. Thus, food stores are stores primarily
goods stores.
| selling food, although most of them sell limited quantiFigure 11 shows total sales of retail stores both as jties of other commodities such as household supplies.
unadjusted dollar aggregates and as an index adjusted
Sales of retail stores represent "total operating refor seasonal variations. The breakdown into sales of ceipts of stores after deduction of refunds or allowances
durable and nondurable goods stores is shown in figure \ for merchandise returned by customers." They thus
12. The differential behavior of these two groups is to | include receipts for services such as film development,
be rioted particularly in recent months,
\ automobile greasing, and electric appliance repairs,
It is to be emphasized that sales of durable goods I when these services are obtained at retail stores.
stores are not equivalent, to durable goods sales since
Excluded from sales in the 1939 Census are state* and
durable goods are also sold at. stores selling chiefly ! local sales taxes which are collected by stores directly
nondurables such as department stores, and obverscly ! from customers over and above the marked selling
durable goods stores sell some nondurable commodities. j price and paid directly by stores to tin* local or state
Nevertheless, these indexes reflect broad changes in |taxing agency.2 Excise taxes, gasoline and other taxes
sales of durable and nondurable goods. Tables 1 and I which are paid by the manufacturer or wholesaler, and
passed along to the retailer are included in sales.
1935 - 39 • 100
Basic
Series and Their Sources.
180
-» Monthly sales of all retail stores were derived by
adding estimates made for ten component series, each
representing sales of retail stores in one kind-of-business
group. To estimate sales of these groups of stores 23
separate basic series were used. Nine of the ten groups
(excluding other retail stores) together with the series
employed and the weight which each series has in the
total index of sales are listed below. (See table 1.)
The weights are based on total sales by kind of business
and type of operation as shown by the Census in 1935
and 1939 together with estimates for the intervening
years.
Figure 12.—Indexes of Sales of Durable and Nondurable
Independent Stores.
Goods Retail Stores, Adjusted for Seasonal Variations.
Of the 21 series used, 11, with a total weight of 52
Source: l ! . 8. Department of Commerce.
j
percent, are based on sales reported to the Bureau of
i the Census by independent retailers. At the present
2 show annual dollar sales and indexes for each kind j time more th,an 20,000 independent stores, with sales
of business,
| amounting to more than 3 billions of dollars per year,
It is also to be emphasized that the estimates pre- are reporting currently to the Census Bureau. Each
sented are of a preliminary character. It is recognized reporting store is asked for three sales figures; the
that some of the series utilized are not entirely reliable, current month, the preceding month, and the same
but pending further investigation of other available month a year ago. Sales for reporting firms are totaled,
data they were used for this preliminary index. Since and percentage changes calculated and published by
all of the series, however, are adjusted to the Census of | the Bureau.
Business for 1935 and 1939, the estimates probably | Inclusion of series from this independent store1 sample
represent sales faily adequately during the period.
j is essential to obtain a rounded picture of the movement
Table 3 shows monthly dollar sales for all retail stores in the volume? of retail trade, since independent, stores
and seasonally adjusted indexes for each of the 10 do approximately three-fourths of all retail business.
groups.1
The problems involved in obtaining a representative
Methods Used in Estimating Sales
sample of independent stores, however, are very great
because of the shifting retail store population, frequent
The remainder of this article is devoted to a detailed refusals to give .information, and the large number of
description of sources of data and methods used in very small stores.
deriving the monthly scries of sales of retail stores.
For some types of business, these problems are so
Definitions.
great that changes in sales of identical stores are not
A retail store, by census definition, is briefly a readily the best source of information for estimating changes in
recognizable place of business with more than one-half total sales; hence other sources of information were
of its sales at retail. The classification of stores bv kind
i The estimated monthly dollar sales for each of these groups are available on request
> the Current Business Analysis Unit, Bureau of Foreign and Domestic Commerce.
2
In the present estimates, no adjustment of Census figures has been made to allow
or possible inclusion of some of the taxes in sales as reported in the 1935 Census.
SURVEY OF CURRENT BUSINESS
October 1941
use'd. i t is believed tlint the4 11 series retained after
chocking against the1 change 4 reported by the* O n s u s of
Business from 1935 to 1939 reflect fairly accurately the
m o v e m e n t s in retail trade*.
I
In utilizing those C e n s u s B u r e a u d a t a for the1 present \
estimate's, an index was built up for e.Mch kind of j
business listed, using both the' month- to-mouth anel
the yciir-to-;\oar changes. Kach of tin4 11 g r o u p
indexes so derived measures t h e estimated c h a n g e in |
sales of identical stores. T o obtain total dollar esti- |
m a t e s by m o n t h s each index w a s then applied to the4 j
1935 aggregate sales as reported in t h e Census of 1935 ;
for independent stores or in some ease> all stores in !
that kind of business.
;
Table 1.—Monthly Series Used for Estimating Sales, by Kind
of Business
•
Si-ric< u^-ij for e-Jtim
IllOIlthh SaleS
1 C h a i n Kl"<H'iT\
..'ile<
• Bureau ol P o i v k n a n d ;H»,r.
Domestic Commerce. :
j Kood 'ii'oiip, retail sales, in- Bureau ol the < Yn>us
i,; f,
I dependent s t o r e s
Fating and drink- J Restaurant s cafeterias, lunchdo
*» s
ing.'
i rooms, retail s a l e s independent s t o r e s
Apparel
Chain men's wear store saleBureau of Foreign a n d
|
,
Domestic; Commerce. , .."»
Men's clothing stores fand • Bureau of t h e ('ens
L- u
furmsbh"jM retail sales, independent stores.
;
j Family i o t h i n ' i slopes retail .
do
1 !
{ siih-s, in lepeudent stores.
Women's read> to wear stores,
do
retail sales, independi nl •
Food
:
b(ie s t o r e s retail -ales, jndependent stores.
(iasoline dollar s a l e s obtains d '
l<\ mult it 1\ irm:
A. eJasolme. distribution. '
gallons taxed.
B. <i;t^oline price, service ,
stal ion, ">u cities (in- !
eludinu t a \ \
'
Building materials | L u m b e r and huildiim m;i f eri- .
and h a r d w a r e .
als dealeis, let ail sales, independent siores
H a r d w a r e s t o r e s retail s-iles,
mdenetident stores
Household furnishF u r n i t u r e -iKjiisehold-] a d io
itms.
uroiiD, retail sale-;, i n d e p e n d ent -Move*,
:
Automotive
.. New passcii'K r cat sales .
.
•!.•
Fillinir stations
Dm.-
}( neral
dise.
1 0
71
Anieri.-an IVJ r '>!eum In^tituti\
Americun p e t ? oleii i;>
News,
Bureau ol' the <Y<i-.|j.
do
-<lo
Bureau of Foreign and
Domestic Commerce
l's«»d c-'ir liri'incino
_
P.utvau of th" Census
(iasoline dollar sales: Same a'- , American.
Ivtrrleuin '
abo\e computation for filing'
Institute and Ameristations.
can Petroleum News
_ e'hain dni'j store sales .
Bureau ol Foreign and
]
1 )oriii'st [<' Comnier' i e.
j Drue <<<n-es retail sales, inde- , Bme'ui of th.e Census
!
pendent stores,
merchan- i I)ef>art.iT!ent store saJe^
Board nf (}ovenif;rs,
i
Federal He<er\« Sys- •
tern.
: Store
Niles.
Montuoiner\ j Bureau <>!' Foiciyr- find
I Ward and Sears Roebuck.'"
Domestie C m i n i c m .
j Catalog sales of mail order .
. do .
j houses.
I Variety store sales .
.
do
J Oenera! stores (with foods) re- i Bureau of the ( \ n s u s
1
tail sales, i n d e p e n d e n t stoie^ !
•{ s
:{ 1
i «>
•» s
j -j
.', 7
! o
.
:•! 1
h'i
I x
I4
y, G
.i f.
- Beuiiining J a n u a r y l u l l when t h e Federal Reserve s a m p l e of d e p a r t m e n t stores
\a-> enlarged to include m a n y of these stores, this series was o m i t t e d a n d t h e weight
idded to t h e d e p a r t m e n t store sales s e r i e s
CUiain Stores.
The four chain store series—grocery, men's wear,
variety, and drug—entering into the index of sales of
all retail stores have a total weight of 15 percent. They
are based on reports made directly to the Bureau of
Foreign and Domestic Commerce by chain organiza-
21
tions having a large proportion of the, chain store sales
in (heir respective kind of business. Monthly releases
arc prepared by the Bureau for each of the four kinds
of business, and three of the series have been described
in detail in the Survey of Current Business- grocery
store sales in {ho May M).l>7 issue, variety store sales in
August 1940. and drug store sales in November 1940.
Indexes ba^ed on aggregate dollar salt's of each group
were applied to the \\Y.\o sales reported by Census for
all chain siores in each of the four kinds of business as
reported by t he ( Ynsus.
Current reports to the Bureau of Foreign and
Domestic Commerce of store sales are received from
Montgomery Ward and Sears Roebuck. These* companies and one other mail-order house- the three* of
which account for well over 00 percent of aggregate
s;de^ l>v mail-order houses also report their catalog
sales. Catalog sales of the three mail-order houses
were expanded to co\ er nil genera! merchandise mailorder house's us measured by the I9OT) Census. Store
sales of the* two niail-oi'der houses were used without
relation to any Census figure since it, seemed more
reasonable to assume that sales of other chain department storeys move like independent department stores
than like these two rapidly growing firms. Beginning
in -Iannary of this year, when the larger stores of Ward,
Seal's, and certain other chains were included in the
Federal Reserve sample, store sales of those two companies were discontinued as a separate series.
The index of department stores sales compiled by the
Board of (Governors of the Federal Reserve System was
used as one of the basic- series. Through last year*, the
weight for the series was that of (he store sales in 1935
of all department stores, except Montgomery Ward and
Sears Roebuck. For this year, the weight, includes
store1 sale's of these' two chains.
The three series useiei te> estimate sales of filling stations anel automotive* stores, namely, new passenger
car sale*s, used car financing, and gasoline sale^s, arc not
based on h>tal sales of a sample of these4 retail ste>re's.
Rather, the' M't'ie^s used are1 osl'minies of total sales of
s])ee*i(ic commodit ies bv all retail store's. This departure
from the' procedure used for other kinds of business was
made tor t\ve> principal reasons. First-, ivtail sale^s
estimates for these three commodities are4 believed te>
be' reasonably accurate and almost complete Second,
the number of automotixc stores, and the numlxT of
fiiliug stations increased greatly from 1935 to 1939 accoreling te> CCIIMIS count a factor difficult te> allow
for in estimating te>tal sales from an identical steuv
sample*. Automotive1 store's increased more than 19
percent anel filling stations 22 percent in the 4 years.
The4 now pnssongc-r-car sales series compiled by the
Bureau of Foreign and Domestic Commerce is described
in the SURVEY OF CURRENT BUSINESS for August 1941.
It is based, on unit sales reported by the Automobile
Manufacturers Association together with quoted prices
per unit compiled by the Bureau. The used-car
22
SURVEY OF CURRENT BUSINESS
financing series is published by the Bureau of the
Census and is based on reports from about 400 salesfinance companies, banks, etc., doing substantially all
of the automobile financing in the United States. The
gasoline sales series is computed by multiplying the
number of gallons taxed in the 48 States and the
District of Columbia, by the average service station
price in 50 cities including tax, from the National
Petroleum News.
Table 2.—Sales of Retail Stores, by Kind of Business
Sales (millions of dollars)
Stores, by kind of
business
1929
All retail stores
1933
1935 I 1936
1937 | 1938 1939
1940 i 19411
48,459 24, 517 32, 791J38, 408'42,148:38, 784 42, 039 45, 69454, 255
14,180
9,794 10,882
Durable goods stores
, . . 4,844 7,626
.
,
, 8,811
,
10,376 12,157; 15, 51(3
Nondurable goods stores 34, 279 19,673 25,165 28,614 31,26629,97331,663^3, 537,38, 739
Food
Eating and drinking
Apparel
.
Filling stations
Building materials and
hard ware.. _.
Household furnishings..
Automotive
Drug
General merchandise
Other. „_
10,967
2,125
4,241
1, 787
6,776
1,430
1,930
1,532
8,3621 9,208
2, 3911 2,879
2,656! 3,088
1,9681 2,330
9,984
3,340
3,320
2,679
9, 740
3,284
3,091
2,693
10,165; 10, 764;12, 379
3, 520 3, 7211 4,316
3,259 3,413; 4,096
2,823 2,982 3,399
3,846
2,755
7,043
1,690
9, 015
4,990
1, 343
959
2,367
1,066
4,982
2,132
1, 864, 2,374
1,290 1, 624
4,237 5, 498
1,233 1,381
5,730 6,368
3,060 3, 658|
2,6871
1, 808
6,044.
1, 500
6,680
4,106
2,480
1, 543
4,472
1,491
6, 152
3, 838
2, 735
1, 733
5,546
1, 562
6,475:
4,221
2,987
1,934
6,8191
1, 650 j
3, 734
2,
8,592
1,848
6, 7911 7,674
4,633! 5,606
All retail stores in 193539 dollars 2
41,032 28, 262 33, 550 38, 795J40, 624 38, 561
42, 667 45, 749150, 744
1
I I
Estimates based on sales for 8 months.
2 Sales for each kind of business were deflated r>y a price series and the results added
for each year. Cost of living indexes published by the Bureau of Labor Statistics,
other retail price series, and, in two cases, combinations of retail and wholesale price
series were used.
To estimate monthly dollar sales of filling stations,
the gasoline sales series was converted to an index and
multiplied by total sales of filling stations in 1935 as
reported by the census of that year.
To obtain sales of automotive stores, an arbitrary
weighted average of all three series mentioned above
was used after they had been reduced to index form with
1935 = 100. The weights used, namely, two for new
passenger-car sales, and one for each of the other two
series, are believed to approximate very roughly the
relative sales volume of new cars, used cars, and gasoline (including parts, accessories, etc.). The gasoline
series was included partly because automotive stores
sell considerable amounts of gasoline and oil but primarily because sales of parts and accessories which were
not estimated separately probably move more like gasoline sales than like sales of new or used cars. The
weighted index of these three series was multiplied by
total sales of automotive stores as published by the
Census of 1935.
To estimate sales of other retail stores, which consist
of a miscellany of specialty stores, it was assumed that
sales move in a manner similar to the changes in total
sales of all the groups mentioned above. Dollar volumes of all the foregoing series were therefore added
together and multiplied by the 1935 Census ratio of
sales of other retail stores to sales of all retail stores
excluding "other."
October 1941
Adjustment to the 1939 Census Totals.
Since each of the series described above was made to
agree with the 1935 Census, the 1935 dollar totals for
the 10 kinds of business also checked with the total
sales as reported by that census. The various business
groups, when brought forward to 1939, however, did
not check with the 1939 census totals. The discrepancy between the 1939 total for each group and
the corresponding census total is shown below.
The discrepancies, aside from eating and drinking
places and the general merchandise group, range from
7 percent to 19 percent. For eating and drinking
places the increase in the number of establishments
from 1935 to 1939 was very great—21 percent. Moreover, drinking places, for which the independent store
sample is so small that it could not be used, showed a
much more rapid increase both in number of stores and
sales per store than did eating places. Other sources of
data should certainly be used for this kind of business,
and attempts are now being made to use sales-tax collections from a number of States.
Table 3.—Percentage Difference in Sales by Kind of Business
Between 1939 Census and 1939 Estimates Before Adjustment to Census
Percent
difference {
Kind of business
Food
Eating and drinking.
Apparel
7.
Filling stations
Building materials and hardware
Household furnishings
Automotive
Drug
General merchandise
Other
i
i
j
'
|
i
!
|
12,3
33.8
7.5
12.6
15.6
16.4
6.9
11.0
-3.3
19.3
1
The discrepancies are shown as percents of the 1939 estimates before adjustment
to the 1939 census totals.
It was decided to adjust the kind-of-business totals
to census data because, although the monthly series
provide usable estimates of month-to-month changes in
retail trade, there is no assurance that they reflect
accurately changes over a period as long as 4 years.
For many of the less important kinds of business, no
monthly series are available. Also, most of the series
are based on identical store samples, so that the
indexes are estimates of the changes in sales of only
those stores which are in business in successive periods.
The retail store picture changes considerably over a
period as long as 4 years. From 1935 to 1939 the
number of retail stores increased 11}£ percent; which
undoubtedly is one reason that unadjusted 1939 estimated sales totals were lower than census figures for
that year.
In making the adjustments to the 1939 census, it
was recognized that the use of identical store series to
estimate changes in retail trade involves greater downward bias in periods of increasing business activity than
in periods of decreasing activity because changes in the
number of stores are greater under the former condition.
Account was also taken of the greater reliability of the
data for the more recent years. Thus the adjustment
for downward bias in the basic series was carried forward since 1939 at a reduced rate from that found for
the 1935 to 1939 period.
The actual procedure used in adjusting to the 1939
Census w^as to develop a smooth curve having the following properties: (1) The 1935 average was 0, (2) the
1939 average was 100 percent, (3) the curve increased
most rapidly from the end of 1935 to the middle of 1937
and again during the last half of 1938, (4) during the
remaining periods the curve increased only about
one-half as rapidly, (5) from 1939 forward a linear projection was used with a slope equal to half of the
average rate of increase for the 1935-39 period. The
readings obtained from this curve for each month *
were then multiplied by the 1939 percentage discrepancies shown for each kind of business.
Table 4.—Indexes of Sales of Retail Stores, by Kind of
Business
[1935-39=100]
Stores, by kind of
business
!
1939
All retail stores... 124. 8 63.1
84.4
149.3 51.0
116. 8 67.1
80. 3
85.8
88.1
77.6
86.2
78.8
Durable poods stores
Nondurable goods stores.
Food
Eating and drinking
Apparel
Filling stations
Building materials and
hardware
Household furnishings-.
Automotive
Drue;
General merchandise
Other
1940
1941 i
108.3 117. 7 139. 7
98.9
103.1
92.8 109. 2 128.0 163. 4
97.5 106. 6 102.2 107.9 114.3 132. 1
115.
68. 9
137.6
71.5
71.4
46.4
62.6
61.3
158.4
172.2
136. 5
117.9
143. 5
132.1
55.3 76.8 97.8 110.
60.0 80.6 101. 5 113.0
45. 9 82.1 106.6 117.1
74.4 86.0 96. 3 104.6
79.3 91,2 101.4 106. 3
56.5 81.0 96.9 108.
97.0
93.4
100.2
93.3
105. 2 102.6 107.1 113.4 130.4
108.3
114.2 120. 7 140.0
107. 100^3 105.7 110.7 132.9
107. 107. 8 113.0 119.4 136.0
102.1
96.5
86.7
104. 0
97.9
101.6
112.6
108. 3
107. 5
109.0
103.1
111.8
123. 0
120. 9
132.2
115.1
108.1
122.7
153.8
163. 2
166. 5
128.9
122. 2
148.4
Estimates based on sales for 8 months.
For each kind of business except general merchandise, the percentage adjustment necessary to raise the
1939 annual estimate to the 1939 Census figure (that is,
the percentage difference in the above list) was multiplied by the percentage adjustments read from the
smooth curve for each month. The products gave the
percentage adjustment to be applied to sales for each
kind of business for each month. Each product was
applied to the unadjusted monthly sales for the kind of
business to obtain the adjustment in dollars. These
adjustments for 1935 and 1939 had to be altered very
slightly to agree with census totals for the year.
For the general merchandise group (including general
stores), the 1939 estimate before adjustment was above
the census figure by a small amount, due probably to
the decrease in the number of stores from 1935. Since
this represents a trend which is independent of business
conditions, it was assumed to have continued to an
even pace throughout the period. Accordingly, the
percentage adjustment for each month was decreased
linearly, being zero in the middle of 1935 and minus 3.3
i The percent readings from the smooth curve for July of each year were as follows:
1935—0, 1936—25.2, 1937—57.5, 1938—79.6, 1939—101.0, 1940—113.0, 1941—125.0.
23
SURVEY OF CURRENT BUSINESS
October 1941
percent in the middle of 1939. The dollar adjustments
were obtained by applying the percentage adjustments
to the unadjusted estimates of dollar sales, as for the
other kinds of business.
Number of Working Days and Seasonal Adjustment.
The months of the year are not of the same length,
nor does the same month in different years always have
the same number of Sundays and holidays. Since these
calendar differences are reflected in the volume of retail
trade, and tend to obscure other factors whose effect on
retail trade is of primary concern, it is useful for many
purposes to have indexes of average daily sales.
The number of working days is not the same for all
kinds of business, and three different sets of working
days were used for the 10 series. For eating and drinking places, filling stations, automotive stores, and drug
stores, no allowance was made for Sundays and holidays,
and the number of working days is simply the number
of days in the month. For food stores, no allowance
was made for holidays, the assumption being that
although most food stores close on holidays, consumers
buy as much food during the month as if they were
open. Sundays, however, were deducted since a month
with 5 Sundays has one Sunday so early in the month
and one so late that consumers probably do not buy as
much food as in a 4-Sunday month of the same length.
For the remaining 5 kinds of business, the numbers of
working days employed for department stores sales
by the Board of Governors of the Federal Reserve
System were used. Sundays and certain national holidays (6 during the year) are deducted from the number
of calendar days and ){ day is added to 5-Saturday
months.
Monthly aggregate sales by type of business adjusted
to the 1939 Census were divided by the number of
working days computed as just described to obtain
sales per working day. These dollar figures for each
kind of business were put on an index basis by dividing
by the daily average sales for the 5 years 1935-39.
Seasonal adjustment factors were computed from
the estimates of daily average sales for each kind of
business separately by the 12-month moving average
method. Moving seasonals were used in only a few
cases because not enough years were available to estimate changes through time with confidence. For
several kinds of business, however, December seemed
to be getting a larger and larger share of the year's
sales, so that moving seasonal factors were used for
December and usually two or three other months to
compensate for the December movement. In the case
of automotive stores, the seasonal adjustment factors
used for the new passenger-car index were based on the
series described in the August 1941 issue of the SURVEY
OF CURRENT BUSINESS, p. 18 to 20.
For
the sum
of
the other two components in this group the 12-month
moving average method was used to derive a set of
adjustment factors. This set was then averaged with
24
SURVEY OF CURRENT BUSINESS
October urn
Table 5.—Sales of All Retail Stores, and Indexes of Sales of Retail Stores by Kinds of Business, by Months, 1935-41
n »«liu*te«l
j ) d ! l
KKJ)
< l \ ' 1 I J«
IMM<. \ C - I 1M3"> -,;M . i(.(i
AH i«tail
Y r a r and inonili
\
\ < > M -
i
1.
(million^
«>! dol-
1
| Oerur-
H lit-
il
retail
«.iori -
1935"
I tijuarv
I ebiu<u\
M lnh
\
2 si 17
)u\\
SJ
1 ( rij ( i , i i
2
2
\
(
2>7
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.
)" ,
V 1
10J 7
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H 1 ,
Jui \
19
(
,•5 i n
211
-x pf< n In 1
\< M riibu
D e n n,».. r
»
I.
I a i m 1; \
1< < b i n M N
> S18
* |S
Fnl.\
Vuiiii^t
^1 j»l( m b ' i
October
\o\eiobt r • •
'7 d
91 1
10s 0
M'
M1
M! {
1 4ll 2
M i s
1 s o •»
" '!,
10. >
lO'i 1
l.'l
121
IM
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IDi
>, 171
} t ">so
>, 0 7 1
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112 7
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017
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101 "
KM '
107 '
1 11)
•5 _)jS
12-i
i("
',9
i ' i
-
1
I ' I
,
1941:
January
February
March
April...
May...
June
July
August p.
'• Preliminary.
sM-i
SM
M
1N7 '
h<>S
92
11)2
Mil
112
2
1
0
1
"77
1 10 1
7M2
i. 12"
\
\
i
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;{
.1
;{
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097
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INN
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090
702
971
K>2 2
101 7
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llh
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t,
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1 12. 4
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1 22. 5
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1 108
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12S 1
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ISM,
October 1941
SURVEY OF CURRENT BUSINESS
the seasonal factors for passenger-ear sales to arrive
at- a set of factors for the entire group. Seasonal correction factors were made to average 100 for each series in
every year.
The daily average index for each type of business for
each month was divided by the corresponding seasonal
adjustment factor to obtain the index corrected for
seasonal variations for that kind of business in each
month.
Combination of Indexes.
Aggregate dollar sales of all retail stores were obtained
by simply adding estimated dollar sales described
above.
Indexes of average daily sales of -ill relail
stores were obtained by weighting each kind of business
by the ratio of ils sales in the o years \lX\.'y !>'.» u> sales
of all retail stores in ihe same period.
Seasonally
adjusted indexes of sal*1-; of all retail si ores w ere obtained
by computing a weigh led average (using I he same
weights') of the separate seasonally adjusted scries.
In building up indwes of sales of durable goods stores
titul nondurable goods mores it was decided to include
jewelry stores, for which a good monthly scries uas
available, in the durable u'oods. group, while alloc^ihm1
} "out ic.ucfl from p. 17.)
there should h a v e been M>IIIC overlapping of functions,
differences in criteria, and v a n a t i o n in ef]'eci i\ ene>s.
T h e increasing necessity for complete coordination
between economic policies and their Integra lion with
foreign [>olic\' as a whole led to the creation on .luiy :>0
of Ihe Kconomic Defen^" Hoard.
In the Kxecuth'e O r d e r establishing t h e Board, tiie
Held of v Vcnuom>e defence" i- h r o a d h defined io
e m b r a c e all aspecis of foreign t r a d e and o i h e r iniernaiional economic and iiuancial activities. W i t h i n
this field the Board is instructed io advi<»i t h e President
on essential i n c i i s u r ^ and functions; coordinate ihe
policies and i i r h o j s i){ m h e r d e p a r t m e n t s and agencies
(o iis-;(!iv u n i t y and b a l a n c e ; develop integrate?) plans
for coordinated action b \ o t h e r d e p a r t m e n t s and
agencies a n d ustk all a p p r o p r i a t e means to assure that
such plans a r e carried into tifect ; m a k e investigations
on tiie relationship of economic defense to post-war
economic r e c o n s t r u c t i o n ; and review existing or p r o .'Continued irom p. 10)
S e p t e m b e r 1941, grain prices advanced :*8 percent on
the a v e r a g e ; cotton and cottoiiMvd prices were up \n
percent, m e a t animals \(\ percent, chicken and eggs
So" percent, and dairy p r o d u c t s 20 percent,
T h e result h a s b M>II a 2">-percent increase in cash
income from farm m a r k e t i n g s duj'ing the first S m o n t h s
o v e r t h e like period a y e a r earlier. T h e price a d v a n c e
has given farmers si s u p p l e m e n t a r y source of income
by enabling their) to redeem and sell at higher prices
41G681-—41-— 4
|
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1
25
the r e s t of t h e ' ' o t h e r retail s t o r e s " g r o u p to the n o n durable- goods g r o u p . A series of sales of jewelry
stores accordingly w a s built u p from t h e i n d e p e n d e n t
store sample of the Bureau of t h e C e n s u s .
It was
adjusted to t h e 1935 and 1939 Censuses by t h e p r o cedures described above. T h e n u m b e r of working d a y s
c o m p u t e d b y t h e Board of G o v e r n o r s of t h e Federal
Reserve System for d e p a r t m e n t stores was used to
obtain average daily sales.
Finally, t h e series was
seasonally corrected by t h e 12-month m o v i n g average
method.
Aggregate -ales of d u r a b l e goods stores were obtained
by adding dollar sales for (!) a u t o m o t i v e stores, (2)
household furnishings stoics, i'3> building m a t e r i a l s and
h a r d w a r e dealers, and »-I • jewelry stores. j)ail\ avera ire indexes with and without seasonal a d j u s t m e n t , were
computed by weighting the indexes for each of these
four classilications b \ ihe proportion which its sales
bore to sales of all four e l a t e s of stores in the MK>"> 3!)
base period. Sales of n o n d u r a b l e goods s i o r o were
derived by a similar process from combining with
a p p r o p r i a t e weights the sales indexes of the renia
I vpes of si ores.
posed legislation and, m a k e r e c o m m e n d a t i o n s for such
additional legislation as may be neeessary.
While t h e objective^ anil m e t h o d s of economic
defense polic\ h a \ e already been indicated by previous
measures and aclions, certain phases on which, stress
would be placed wcr** mentioned by the Vice President,
as chairman of the Economic Defense^ Hour<l, on Sepi (emi)er 17, 191K in annoimcinj.'. the transfer to that
] agency of t\\r O i h c of Kxport C o n t r o l . T h e X'wv
\ 1'resideut stated th.it a 4 \leiermiued intensificalion"
: of t he policy of prv\ enting shipnienis io .Vxis-dominatcHl
1
<-oimli*ies was nc.v--«u2rv ; that otlwM' !ia lions still free,
i particularly otlu v r A m e p c a n count ries, must <^et
! enoui-jh good.s to maintain the liability of their economics insofar {<s possible; and that increased supplies of
criticallv needed materials must he o b t a i n e d , with
; further a d j u s t m e n t s in sliipping to achieve this <.roal and
I w ith })artieular emphasis on s(-curing add'itioruil supplios
; from o t h e r Western 1 lemis[>licre com
j c o m m o d i t i e s placed under loan with the C o m m o d i t y
{ Credit Corporation in prior years.
j
F o r t h e y e a r as a whole, cash income from m a r k e t ^
l t ! s j s expected to be about 10 billion dollars, as coinpared with S.4 billion in 11)40. G o v e r n m e n t p a y m e n t s
j ^\\\ probably raise t h e farmers' total cash income to a
! \cyc\ a p p r o a c h i n g t h e i!)24 29 average of 10.S billion
j dollars. Such a n increase will be relatively larger t h a n
j {\w expansion of income in the economy as a whole,
26
SURVEY OF CURRENT BUSINESS
October 1941
NEW OR REVISED SERIES
Table 27.—CREDIT UNIONS—INSTALLMENT LOANS TO CONSUMERS
[Millions of dollars]
OutOutRe- stand- Loans Re- standLoans payings, made pay- ings,
made ments end
of
ments end of
month
month
Outstandings, end of month
Month
1929 i 1930
1931 ! 1932 | 1933 ! 1934
1940
1935 j 1936
January
February
March
April
May
June
July
August
September
October
November
December
21.0
22. 4
28.9
27.8
30. 5
29.0
27.5
27.5
24. 9
26. 5
25. 1
29. 0
Total
320. 1
Monthly average
26.7
21.4
20.9
21.8
23.3
23.5
22.7
23.6
23.0
22.7
24.8
24.3
25.6
1941
25.2
26.4
31.8
34.3
35.3
32.7
30.8
146.
147.
154.
159
166.
172.
176.
181.
183.
185.
185.
189.
26.4
24.4
26.4
26.5
28.3
26.8
27.1
188.0
190.0
195.4
203.2
210.2
216.1
219. S
23.1
1
New series. Estimates for 1929 through 1938, by months, were developed by the National Bureau of Economic Research in cooperation with the Russell Sage Foundation
and the U. S. Department of Commerce; monthly estimates for 1939 to date were prepared by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
D a t a prior to 1934 cover only state-chartered credit unions. Establishment of credit unions under Federal charters was first provided under a law in 1934; thereafter, both
State- and Federal-chartered credit unions are covered.
Loans made represent the volume of cash loaned plus old balances reviewed. Repayments are loan collections (including accounting collections on old balances renewed)
computed from the reported figures for loans made and outstandings. Outstandings represent loan balances receivable as of the end of each month. For the most part interest
charges are excluded from the above series.
In compiling data for 1929-38, year-end estimates of total amounts outstanding, compiled by the Russell Sage Foundation (in most part from State and Federal reports),
were used as basing points from which monthly outstandings were interpolated on the basis of sample data. Loans made and repayments were not estimated for t h a t period.
Figures beginning 1939 are projected totals based on monthly reports of credit unions accounting for about 25 percent of the business done by all State- and Federal-chartered
credit unions.
Table 28.—INDEXES OF BUILDING COSTS FOR STANDARD 6-ROOM FRAME HOUSE l
[1935-39=100]
C o m b i n e d index
Labor
Material
Month
1937
1936
1938
1939
1940
! 1941
! 1936 i 1937
1938
I 1939
1940
! 1941 ! 1936
1937
I 1938
1939
1940
1941
...
January
FebruaryMarch
April
May
June
July
August
September
October
November
December
_.
Annual index
94.7
94.9
95.0
95.3
95. 6
95.8
96.2
96.6
96.8
97.1
97.7
98.5
99.6
100.9
102. 6
104.2
105. 0
105. 8
106.3
106. 4
106. 3
106. 0
105. 7
104.9
104.3
103. 8
103. 5
103.1
102. 8
102. 8
102. 7
102.3
102. 3
102.1
102. 1
102. 0
101.9
102.0
102.1
101. 8
101.6
101.4
101.3
101. 2
101. 6
102. 0
102. 4
102. 5
102 3
102 4
102. 3
102 1
102. 2
102. 1
102 0
102. 1
102. 9
104. 6
106 4
108. 1
I 96. 2
104.5
102.8
101. 8
103. 3
109. 3
110. 2
110. 4
111. 2
111. 6
112. 4
113. 6
114. 9
95.8
96.0
96.2
96. 3
96. 5
96. 6
97.0
97.4
97. 5
97.8
98. 4
99. 5
101. 0
102. 5
104.5
105. 9
106. 8
107. 0
107. 2
107.3
107. 1
106. 5
106. 0
104. 9
104.1
103.3
102.6
102.1
101.7
101.5
101.1
100.4
100.4
100. 2
100. 2
100.0
100.0
100. 0
100. 0
99.9
99.7
99.5
99. 4
99. 3
99.9
100.6
101.3
101.5
97.1
105. 6
101.5 |
100. 1 ! 102.2
101.4
101.5
101.4
101.3
101.3
101. 3
101.2
101.4
101. 9
103.4
104.6
105. 9
106.6
107.8
108. 0
108.7
108.8
109.2
110.7
112.4
92.6
92.6
92.7
93.2
93.8
94.3
94.7
94.9
95.3
95.8
96. 3
96.4
96.9
97.6
98.9
100.7
101.7
103. 3
104.4
104.7
104.8
105.0
105. 0
104.8
104.7
104.7
105. 2
105.2
105.1
105. 3
105. 7
106.0
106.1
105.8
105. 8
105.8
105.6
105. 9
106.1
105. 6
105. 3
105.0
105.1
104.9
104.9
104.8
104.6
104.4
104.0
104.2
104.1
103.8
103.7
103.5
103.4
103.6
104.8
106.9
109.8
112.5 i
102.3
105.4
105.2
105.4
114.5
115.1
115.3
116.1
117.0
118.6
119.3
120.0
1
Revised series compiled by the Federal Home Loan Bank Board. Those are the same indexes t h a t were published in the 1940 Supplement and monthly issues of the
Survey through August 1941, except t h a t the base period has been changed. In placing the index on a 1935-39 base, estimates were computed for 1935. For a description of the indexes see note 4 to p . 22 of the 1940 Supplement.
Table 29.—INDEX OF NONFARM REAL ESTATE FORECLOSURES
[1935-39=100]
Annual
index
Year
1926
1927
1928
1929
1930
1931
1932
1933
.
43.4
58.0
73.9
85.9
95.6
123.4
158.4
160 8
Year
1934
1935
1936
1937
1938
1939
1940
1941
Jan.
154.1
170.9
121.2
106.5
81.5
68.4
52 1
44 0
Feb.
144.8
157.2
125.4
106.4
83.1
70.5
49.5
42.1
Mar.
144.0
159.1
119. 2
106.5
83.4
69.4
48.0
42.5
Apr.
May
138.4
156.1
120.5
105.3
81.6
68.3
48.4
41.1
139.3
152.3
112.9
101.6
78.8
70.3
50.9
38.3
June
140.6
148.7
113.8
105.5
78.4
66.3
47.9
36.7
July
142.0
144.2
121. 9
100.8
70.9
65.7
48.5
37.3
Aug.
145. 5
143. 6
116.6
85.9
73.5
63.8
48.0
33.4
Sept.
144.9
129.4
122.7
90.1
70.7
62. 0
47.4
Oct.
Nov.
Dec.
155.7
140. 4
115.6
85.5
66.7
55.5
48.8
158.4
122.9
108.9
81.8
70.1
58.3
44.2
153. 8
125.4
120.0
81.6
67.5
53.6
42.2
Annual
index
146.7
145.7
118.1
96.5
75. 5
64.3
48.0
1
Revised series, compiled by the Federal Home Loan Bank Board. The index measures the number of nonfarm dwelling properties currently being acquired through foreclosure expressed as a percentage of the average 1935-39 month, with adjustment for normal seasonal variation. The indexes for the years 1934 to date were developed from
sample data reported monthly by counties, cities, townships, or other governmental divisions varying in number from 1,000 to 1,800 and possessing from 60 to 75 percent of all
nonfarm dwellings. The larger coverage applies currently. Because of the inadequacy of available material only annual index numbers were computed for the years prior to
1934. Although nonresidential and multi-family foreclosures comprise about 15 percent of the totals used, this index is essentially a gauge of the ability of home owners to meet
their obligations.
S-l
SURVEY OF CURRENT BUSINESS
October 1941
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1940 Supplement to the SURVEY OF CURRENT BUSINESS.
That volume contains monthly data for the years 1936 to 1939, and monthly averages for earlier years back to 1913 insofar as
available; it also provides a description of each series and references to sources of monthly figures prior to 1936. Series added or
revised since publication of the 1940 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying
footnote indicating where historical data and a descriptive note may be found. The term "unadjusted" and "adjusted"used to
designate index numbers refer to adjustment of monthly figures for seasonal variations.
Data subsequent to July for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the
August
1940 Supplement to the Survey
1940
August
September
1941
October I Nov
ber
December
January
February
March
April
May
June
July
BUSINESS INDEXES
INCOME PAYMENTSf
Indexes, adjusted:
Total income payments
1935-39=100,.
Salaries and wages
do
Total nonagricultural incomedo
Total
.
mil. of dol_.
Salaries and wages:
Total
do
Commodity-producing industries.,.do
Distributive industries
do
Service industries
do
G o vern m en t
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
128.4
r 131.0
' 141.3
138.1
' 132. 9
129.9
7,661
' 6, 840
113.3
117.1
114.6
5,906
114. 6
118.5
115.3
6, 574
115. 8
120.1
116. 5
6,812
116.6
121.1
117.2
6,362
119.0
124.7
119.7
7, 534
121.3
127.9
122.2
6,696
123.0
131.1
124.5
6, 367
123.7
131.7
125.0
6,982
124.5
132.8
126.0
6,954
4,036
1,618
4,223
1,688
4, 527
1,805
1,046
4.521
1, 866
989
883
548
115
87
4,386
1, 750
996
903
616
121
90
4, 423
1,781
969
874
454
121
90
4,397
1, 755
1,009
897
609
127
90
986
907
637
125
96
4,712
1,963
1,032
4, 901
2,121
1,048
5.049
2,227
1,077
913
635
128
93
975
905
631
131
96
4, 617
1,922
1,000
913
656
126
97
920
676
121
96
925
692
115
92
930
711
104
92
P 148
P444
168
429
152
837
149
783
148
1,508
159
790
154
432
156
913
149
152
796 . 453
1,094
152
890
1, 506
v 6,427
1,183
5.356
1,275
5, 934
1,393
6,054
1, 312
5, 702
1,258
6,950
1, 228
6,157
1,164
5,892
1,199
6,475
1,201
6,444
1,242
6,270
1, 275
7,076
r 1,352
r 6,807
p 122. 0
p 102. 0
P93. 5
v 109. 5
p 113.0
p 114.5
*87. 0
79.0
71.0
59.0
81.5
90.0
82.0
65.0
95.0
75.5
64.5
85.5
92.0
88.0
67.0
117.0
80.5
69.0
90.5
93.5
94.5
70.5.
96.5
79.5
66.5
91.5
99.5
91.0
74.5
86.0
85.5
72.0
98.0
104.0
96.0
89.5
74.5
86.5
73.0
98.5
99.5
101.0
85.0
61.5
84.0
66.5
100.5
102.0
105.0
78.0
68.0
88.5
79.5
97.0
97.5
100.0
82.0
74.0
93.0
77.5
107.0
108. 5
114.5
82.5
83.5
96.5
82.0
110.0
108.5
118. 5
83.5
86.0
96.0
81.0
110.0
107.5
117.5
90.0
99.0
'98.5
'83.5
•"112.5
r
107. 5
' 122. 5
90.5
v 162
p 167
p 198
185
*>153
p 157
124
125
139
158
123
118
126
135
133
133
141
124
93
122
460
132
133
150
166
132
127
134
142
143
139
150
118
136
138
159
171
132
133
132
149
' 152
142
154
119
127
179
552
136
139
161
172
126
130
123
rl52
158
136
145
115
129
185
600
136
140
164
174
121
133
114
164
162
125
124
111
141
188
635
135
139
166
179
116
123
113
168
166
110
100
110
144
194
685
140
144
171
179
119
129
115
144
149
178
184
123
133
118
185
179
125
117
130
141
214
768
144
153
182
181
130
135
128
155
160
192
184
134
142
130
206
160
165
198
184
140
150
135
'159
'164
197
185
144
149
'142
'216
'188
166
177
160
96
'230
• 1, 003
p 133.5
p 144.0
v 135. 2
P7,216
v 5,026
v 2.299
v 1,094
P941
P
145
429
151
132,6
143.3
134.5
7,454
4,968
2,255
1,085
937
'604
87
92
AGRICULTURAL INCOME
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100-.
Adjusted
.
do
Crops
.
do
Livestock and products
.......do
Dairy products
do
Meat animals
do
Poultry and eggs
„
do
INDUSTRIAL PRODUCTION!
(Federal Reserve)
Unadjusted:
Combined index %
.
1935-39 = 100..
Manufactures %
do
Durable manufactures!
do
Iron and steelt
do
Lumber and products*
do
Furniture*
do
Lumber*
do
Machinery *.
do
Nonferrous metals*!
do
Stone, clay, and glass products*..-do
Cement
do
Glass containers*
do
Polished plate glass
do
Transportation equipment*%
do
Aircraft *%
do
Automobile bodies, parts and assembly*
1935-39 =100_ _
Automobiles, factory sales<?i._.do
Locomotives*
do
Railroad cars*
do
Shipbuilding*
do
Nondurable manufactures
do
Alcoholic beverages*
do
Chemicals*do
Leather and products
do
Shoes*
do
Manufactured food products*!---do
Dairy products*!
do
Meat packing
do
Paper and products*
do
Paper and pulp*
do
Petroleum and coal products*, .do
Coke*
do....
Petroleum refining
do
Printing and publishing*
do
Rubber products*
do
Textiles and products
do
Cotton consumption*
do
Rayon deliveries*!
do
Si!k deliveries*
do
Wool textile production*
do
Tobacco products
do
P150
^223
P 183
P174
181
172
109
P216
'1,179
118
154
508
r 177
173
112
102
120
131
207
741
'194
184
142
139
135
142
206
••190
'818
872
••214
164
163
159
142
185
172
174
163
149
'229
" 244
'926
143
136
161
142
148
150
119
138
'152
138
'137
161
142
152
151
161
160
139
164
164
134
89
163
152
'342
137
186
204
222
234
266
280
308
153
141
P237
135
172
178
182
178
196
218
235
'234
'425
219
P563
229
263
282
307
335
352
380
'459
213
p 140
121
121
119
121
118
122
126
129
134
138
138
P 122
104
108
108
93
87
94
100
108
120
129
131
P 142
120
120
116
122
121
123
128
135
134
137
'138
P 129
98
102
98
99
104
117
122
118
120
119
'124
p 136
95
106
121
128
123
124
119
96
102
111
' 127
v 154
116
133
126
115
104
104
107
112
120
129
138
P183
' 134
'145
79
84
92
105
182
199
80
96
117
*193
v 116
151
102
112
127
159
133
122
122
119
132
121
119
123
126
131
136
137
141
143
124
127
123
124
140
124
121
120
124
124
128
133
137
140
145
147
144
119
120
120
119
121
126
128
119
P154
118
114
118
M29
148
139
142
145
149
150
152
154
133
148
154
154
115
114
110
114
119
124
115
115
115
114
122
P!25
'127
112
113
112
109
115
121
124
126
' 115
102
108
135
126
157
192
137
145
151
155
162
153
115
126
137
126
138
143
147
150
157
155
v 153
140
155
111
118
139
129
160
160
142
144
152
156
164
162
160
114
120
151
144
173
p 170
137
138
158
173
154
154
148
150
169
73
'66
79
72
68
74
66
87
'69
77
*>50
57
65
139
129
152
163
145
136
149
152
165
' 157
p 164
109
120
115
120
123
v 122
110
118
108
113
128
98
108
110
121
' Revised.
v Preliminary.
cfFormerly designated as "automobiles."
tRevised series. For revised data on income payments beginning 1929, see table 21, pp. 16 to 18 of the July 1941 Survey. For industrial production series, see note marked
with a " t " o n P- S-2.
•New series. See note marked with a " t " o n P- S-2. ^Revisions appear in the September 1941 Survey; see note marked with a "f" on p. S-2.
v 115
47
p 351
91
23
124
130
202
114
'90
112
104
114
131
S-2
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- I 11)41
gether with explanatory notes and references J —~
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1941
1010
October November
February
Janu-
March j April I May | June
i
July
!
BUSIXESS INDEXES—Continued
INDUSTRIAL PRODUCTION!— Con.
Unadjusted—Continued.
Minerals
1935-39 = 100...
Fuels*
___
do.-.,
Anthracite
do -.
Bituminous coal.. —.
do.
Crude petroleum
_
, .do.-.
Metals*
do
C opper* _...
.
.do .,
Lead
__.
--.
do...
Zinc
-do. .
('ombined imk \\
Manufactut^sf
.
Durable manufactures\
Iron and stc?lt
Lumber and products*
Furniture*
Lumber*
Machinery*
\ on ferrous inctalt*t
.
^•ionc, chy, and glass product*
'Yment
(Jla^ containers*
Polished plate p'ass
1 reimportation equipment • +
\uerilt*|
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Automobile bodies, paits and
assembly*
1935 19!0-10i>
Automobiles, factory
1)
Locomotives*
Kfiilioad eirs*
r>h pbuildm ir *
Copfjor* \ -
Loud t
Zinc
122
» 182
P 152
116
* 1H
117
109
85
111
111
164
135
124
lit;
103
124
114
171
130
112
127
122 !
112 !
\V,\
J27
129
,30 |
n
134 ;
Ili !
11 > .
121
11". I
11}
1H
114 '
ns i
4»«0 '
"Os
no
i i0 !
us ;
220;
112
I 2N
•-92
122
120
Y,V\
lo
do
lo
lo
)o
lo
do
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• 152
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108
100
220
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227
139 I
142
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035
129 i
180
172
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113
117
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98
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90
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171
179
137
132
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168
107
154
181
123
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685
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176
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173
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183
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741
143 I
152 I
222
r
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201
178
182 I
307
96
87
76
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156
121
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118
88
126
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159
117
150
131
123
110
132
120
184
152
116
149
* 3 30
' 121
- 107
128
119
' 186
' 147
110
154
147
151
180
184
128
132
125
185
179
150
156
139
135
207
708
144
153
ISO
181
132
"139
128
T
194
183
142
139
135
142
197
T
818
154
' 159
190
184
132
151
122
206
' 189
141
134
148
142
T
228
872
159
164
195
184
135
r
155
125
' 214
184
150
138
15"
152 i
' 100
' 105
142
143
234
178
335
124
122
200
196
352
»• 18
110
••199
185
141
101
«• 131
' 210
' 189
151
343
154
140
'257
• 1, 003
«!
IS I
171
3 54
' 342
' 234
' 459
280
218
380 .
f
! to
(if?
I
I
121 ,
.-•.!
71 I
do
.1-,
do
I
Wi\
in
1 5, '
119 |
" tJ."»1
110
114
184
140
117
131
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110
115
127
111
102
140
118
139
119
115
98
128
111
147
147
114
135
99 I
H»9
121 j
121 ,
121
lit |
dO
Nondurable manuf'icttires
Alcoholic beverases*
;
('In micals*
Leather and products
Shoes* .
. . .
Manufactured food products 't'
Dairy products*; . .
?»loat parking
I'aper and products*
Paper and pulp*
Petroleum aivl coal product...
Coke* .
I eiroli'iini refining.
.
Printimrand publishing*. .
.
.
Rubber
products*
.
.
.
r
_.
\ ovules and products
_.
Cotton consumption*
R'i.\on deliveries*;
Silk deliveries*
Wool tevlilo production*
lolncco products .
Mineral 4
Furh* . . . . . .
Anthracite . .__
Bituminous coal
Crude petroleum
MetaK* \. . . .
p 134
f 120
120
135
112
103
134 I
95
99
115
97
101
114
IJO
119
124
123
113
140
109
110
115
113
124
127
01
iOT,
100 _
113 |
112
115
121
108
123
139 i
114
no
121
120
118
no
143
13 2
110
103
110
97
100
118
122
127
120
90
11.8
307
112
117
117
US I
124 I
108
124
112 I
109
no
120 I
120
120
123 !
120 i
129 !
71 i
132 I
r
117
115
108
119
114
12S
137
ll
115 I
113 I
II i
118 I
147 I
114 I
110 !
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135
'139
140
77
1 tO
113
r
I
j
i
I
!
94 I
115 I
112
115
148
143
113
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108
123
108
112
120
127
126
128
128
123
305
107
110
117
131
114
129
129
122
150 !
117 1
111
141
' 138
144
150
!
j
!
!
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.S I
119
113
108
115
1 13
109 j
137 I
141
117
131
124
101
121
' 309
113
121
125
134
130
131
120
149
110
112
144
' 1 40
142
113 I
r
152
117
114
153
143
152
148
149
116
104
' 123
114
115
121
125
134
132
133
123
154 I
119
116
155
' 146
156
150
71
152
!4O
144
125
121
102
149
112
148
148
118
147
i 70
24'.
189
277
303
295
277
237
132
194
285
290
304
207
203
136
118
114
98
117
14
144
14S
110
118
113
102
114
113
152
153
UP
"131 i
107 !
r
132 i
114 |
117
123
135
120
134
136
121
133
120
118
158
' 150
300
3 58
74
152
120
135
114
<• 135
123
126
124
134
132
- 142
145
125
148
122
123
162
' 157
104
169
71
105
119
90
80
71
m
150
152
119
1T>1
125
121
SO
149
114
149
159
115
150
190
277
288
304
255
247
144
207
290
308
307
270
209
154
135
130
' 145
128
T
131
120
133
325
147
124 !
152
T
! 45 !
' 3 28
154
154 ! * 3 24
123 !
' 3 26
' 128:
) 53
192 !
r
155
r
150
102
100
173
L73 !
< 11
73
f
\ 57
163
114
118
139 I
122 j
<• 1 4 3 !
r
130 !
130 I
IS I
149 I
' 130
127
' 137
140
119
' 149
r
150
114
154
133
129
120
153
120
161
155
117
149
MANUFACTURERS' O R D E R S , S H I P M E N T S , AND INVENTORIES*
New orders, total
J.u 1«jif» Ion
Durable goods
do
Electrical machinery
do
Iron and steel and thei** prodiK t*
do
Other machinery
do
Other durable goods
.
do
Nondurable goods.
do
305
f 217
1
2M>
130
103
208
140
107
179
108 |
228 i
199 j
212 i
258 !
211 I
231
209
131 I
140 I
171
237
258
214
209
292
129
294 i
210 i
282 I
120 I
152 i
238 i
23 i j
330 I
310
289
298
429
104
!
[
!
;
!
r
212
' 295
'339
' 281
•' 2 9 4
301
' 159
T
172
180
159
191 I
124 i
185
Shipments, total
.
.
d>
hss
r
198
205 1
219
233 S
189 I
.129 j
184 !
222
Durable goods
do
165
172
155 j
181 I
210
101 i
105 [
' 159
Automobiles and equipment
do
244
231 i
209
200 i
205 I
' 240
Electrical machinery
do
80
143 !
235
I80 ;
195 I
215 j
210
- 245
!98 1
Iron and steel and their products
do
' 238
103 ;
Transportation equipment (ev(vt)l
439 I
370
478
325
443
automobiles).-. _
do
211 I
'452
201 !
330 !
244 1
234 I
207 :
202
230
217
235
'251
Other machinery .
dt>
P 202
149
193 I
105 '
102 j
170 i
219
170
190 I
183
200 i
lt.3
'210
Other durable goods
lo
' 22t>
107 I
147 I
171 I
173 I
154
133
142 i
140
' 151
130
Nondurable goods
do
124
134 !
119 !
128 i
123 I
146
104
159 !
•• 1 0 4
144
Chemicals and allied proddi ts
do
138
142 ;
172 i
129 i
124 j
120 !
134
<• 1 3 8
127 I
Food and kindred produrK
do
144 I
131
111
123 '
133 |
122 !
112 j
130
148 j
108
' 173
102
1S2
112
173
!
152
!
Paper and allied product*do
129 i
137
133 i
140
i
120 I
110 !
134
"143
121
ill)
139 I
Petroleum refining .
do
l.">»
103 |
111
107 j
107 I
134 !
171 i
234
'213
193
230 I
Rubber products _ .
do
147
303 !
130 I
109 ;
rs
172
112 ;
154 j
100
' 170
157 j
106
Textile-mill products
.
do
142 I
113 !
143 i
130
1JM
104 !
134
I
129
137
132 !
140
!
142
Other nondurable good->
do
147 I
1
2
3
•
lot
147
114 ,
141 !
r
130
'
if Formerly designated as "automobiles."
Revised.
'
Preliminary.
tRevjsions appear in this issue; see note marked with a S 4 j . "
ffievised series Revised indexes of industrial production for 1919-39 (3923-39 for industrial groups and industries), including the new series, are available on pp. 12-17
of the August 1940 Survey, except for subsequent revisions in the series marked with a "J" and data for all years for the new series on "automobile bodies, parts and assembly,"
for which see table 24, pp. 21 and 22 of the September 1941 Survey; the latter table includes also revisions of 1940 data for alcoholic beverages, petroleum and coal products,
coke, rubber products, leather and products, shoes, textiles and products, wool
textiles, fuels, anthracite and bituminous coal, and a 1939 revision for nondurable goods.
*New series. For industrial production series, see note marked with "f-n For indexes of manufacturers' orders, shipments, and inventories beginning January 1939, see
monthly Surveys beginning with the September 1940 issue (description of data and figures for January-June 1939 are available on pp. 7-13 of that issue except for revisions
given in note marked with an "*" on pp. 20 and 21 of the November 1940 Survey.
i
HMO
Monthly statistics through December 1939, to- 19-11
gether with explanatory notes a n d references
to t h e sources of the data, may be found in t h e
\n<MIS,
1940 Supplement to the Survey
j
1941
January
1NUKXKS
MANUFACTURERS' ORDERS, SHIPM E N T S , A N D INVENTORIES*—Con.
i m e n t o r i t •>, total
. . .
Doc 31,19is=100.
DuiabU j?oo(Ks
.
<'o
\ u t o m o b i k ^ a11• I ( quijuni tit
<'o
K l o d n c a l rna(hinci\
<'o
Iron amKsU el a n d their products
do
r
\ ranspoitation ( q u i p m e n t u v \cept automobik\) .
.
. . l)*i' 31, l\H8=100
Oilier m a c h i n e s
_
. .
do .
Other d u r a b k krooddo .
Nondurable w o d s .
_
do
( h d t n c i l s a n d allied piodiu ts
dc
Food and kindled piodiu is
dc
J\ip(i a n d alii' d pi<>durt>
do
VO\K leurn ivhmng
.
do
Hub! oi products
do
'lovtih IMIU p r o d u c t
do
other nondurable ^< io ddo
S-3
SURVEY OF CURRENT BUSINESS
October 194.1.
I
|
' ' IM 2
• 1 !<>. 2
l"i I
> ll0 s
* 127.1'
' * 4<><) I
1 "o 1
' 11.".*
r 121 1
** 121 2
* HI '2
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> n n ,i
<- Ml 0
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110.
115.
112.
115.
120.
(
j
4
3
5
13 2
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lit,
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i
10M 0
112 i
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107 1
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2
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7
7 ,
1
207. ^
111 2
10} 1
ioi.:
110 7
I OK 1
09 0 '
1J") f>
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ill
121 2
1 ;<• i,
12A 1
12 {
May
hit!*
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120. <j
no
101 I
no •
121
12-1.
IOI.:
122. J
131.8
138.9
157,1
124. 0
123.6
134.1
144.3
164. 0
123. 3
120.3
128.5
137.4
139. 1
144. 1 ! 142,0
174.7 ! 181.0
125.6 ! 126.4
133 f»
J^9 4
Uh.b
121. i
130,7
.135. 6
148. 2
127,0
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122
JOS
110.
114
107
112
1)H
J2«'..
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297 I
12.'. t) I
110 2 i
111.2 i
111.2 |
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111 8 (
9S. 4
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in 7
318. 9
128,2
108. 5
110.8
114.8
103. 9
112.0
98.4
135. 1
121.5
110.0
341. 8
129.9
109. 3
111.8
115.0
105.1
112.5
98.4
140. 6
125.1
108.6
356. 8
134.2
112.2
115.8
107. 9
111.3
99, 3
342,4
125,8
105. 8
381. 2
138.2
110.6
114,4
115.5
114.2
109. 5
99.8
144. 1
128.5
106,7
08. 1
Mi. 0
73. 0
78.7
S(J. 4
87.6
98 1
86.1
73. 1
78.8
86. 4
87.7
98.2
86.3
73.2
79.2
86.4
87,7
98. 3
86, 9
73.3
81.0
86. 4
87,8
98.3
87.4
73. 6
82.2
86.4
88.0
98. 5
i(K). 7
101.6
97. 3
100 7
100. 4
101.9
101 8
100 s
100. 7
97.8
100. S
100 1
105 0
101 9
100.8
100.4
97. 9
100. 6
100. 4
105. 1
101.9
101. 2
102.1
98.4
100.7
101.6
105. 1
101.9
102. 2
102. 4
100. 6
101. 0
102.4
105. 4
102.2
102.9
' 102. 8
102. 1
' 101. 1
' 103. 2
' 105.7
102.5
127 0
H4 7
10S,,
<js.
!24
April
Continued
111
Id J
io;
110
101
IK'
Fehru- ; Mtuvh
120. S «
129.7 '
131 3
J 40 4
no. o
131.2
110,8
* 128.2
r
188. 8
'• 127.5
r
402 <i ' 442. 7
140. 7 i
144,9
H i . 5 j r 114.5
117. 1 I ' 120. 8
IK). 1 j ' 119.6
119.2 I >• 126.7
110.6 j
112. 9
101.4 j ' 102.6
145. 4
'• 148. 1
1,32,5
' 137.6
108,0
'• 108. 3
COMMODITY IMUCES
COST OF LIVING
National Industrial Conference 13oard:
Combined indexr..
. . . _ . . I1>:J3 = -10O .
Clothing ___
. .
<lo .
Foodr . . .
_
..do .
Fuel and light
.
do
Housing
.
...
. .
do
Sundries _ .
. . . .
.
do. .
U. ri. Depaitineni of Labor.
Combined index 1 .
.
1935 39 K>o
Clothing
.
do
Foodj.
. do
Fuel, electiicit>. and ice1
. do
Ilou^'fuiinshiims*
.
do
Kent* . . .
. . ...
. .
do
Miscellaneous'
. .
do . •
P R I C E S RE< E I V E D B Y I A
su. i
7 J,5
s7, i
b5 7
7,-! 1
7s. 2
S5.';
Sfi. 1
73. 0
77 J
s{ s
Hi. 9
08. ]
lilt, (i
l'i,-,.«i
IDS
103
10*.
JOd
103
0
2
1
3
8
I' S. Department of Airriru
Combined i n d e x . . . . . .
i ' t 0 9 l I - ]<Hi
) il
Chickens and eggs
. .
do
130
Cotton and cottonseed
<io
128
Dairv produces .
.
13."
.
do
Fruits
.
.
. . .|n . '
10*1
< Jrafn^
<io . .
99
Meal a n i m a l
. . .
.
do.. ,
i .is
Truck crop* .
.
.
d...
133
I2S
Misivllaneou*
d<. . '•
RETAIL PRICKS
'•
U. S. D e p a r t m e n t of Labor i n d e s r v
Anthracite
.
. J<r2S 'Jo--io<, •
B i t u m i n o u s vo;\\%
. . .
. do
Food (see under cost of living above),
Fairchild's index:
Combined index
.
l V c . 3J, 1930 -l')0
Jill? 6
Apparel:
i
KM) 0
Infant'
_
_
. do
i
93 3
Men's
.
.
.do . j
100.4
Women's
. do
j
Iill \i
Homo furnishings . . .
do >
07 I
Piece goods . . . .
. . . . do
!
WHOLESALE PRICES
I
U. S. Department of Labor indexes
Combined index (SsOquoJa1 ion^°J 1926^ 100
Economic classes.
Fmislied products _
<io
Raw materials
...do
Semimanufactures
.
do
Farm products.
do
s7. 1
drains
. do .
79 6
Livestock and poultry
. . .do
90 0
<\>mmoditics other than (arm p-oducta*
1920-101) .
Foods
.
. <jo
Dairy products .
do
Fruits and vegetables
.
.
do
7<) 3
07. 5
Meats
.
do
Commodities other than farm product- and
90 S
foods .
1926-100 '
10". .')
Building materials
do
95. 1
Brick and tile
. do . . .
'i> 1
Cement t
.
do
127
">
Lumherf
. do
Mi n
Chemicals and allied products! . do . . .
s7.
."
Chemicals!
.
do
100 i
Drills and phanna<vuticatat-- - - ( ^ !
Fertilizer materials!
_
do
H..
7 5
77
So
;> '
1'
i
\f
9s 1
9s J
100. 1
101 {'.
l
i7. 2
100 2
10! 6
% 2
99. 9
W. 3
100.3
UK) 4 j
101.7 i
101 7 i
101 1 ' 101 '• ;
76
\\\
t t
109
79
76
<s
lie. ;
79
73
no
Mt \
112 !
'.19 i
1 i 1
j ! j
95
If "7
107
97. 0 1
89. 1 ,
92. 2, •i
So
73
77.
M..
5
I
2
3
<is 1
100 1
101 6 i
95.9 i
100 .1 !
100.6
101. 7 I
JOI 7 !
101
122
79 i
(t
VI
7
s:
91.
M">. o i
<),*,
•Si. 0
69 8
hi.
70.
so ,^
0
Mi
105. 2
104.2
106.7
102.3
107.2
106. 1
103. 7
310
104
88
121
89
90
137
161
94
112
107
98
124
89
93
138
146
93
97
90
144
146
98
125
127
121
332
93
98
J54
130
107
83. 0
90, 3
83. 0
90. 3
83. 0
90.3
83. 0
90. 1
82.8
90. 1
H2, 4
90. 5
84. 6
92. 0
94.2 I
94. 5
94.8 |
95,5
96.3
97. 7
99. 6
j
97 6 i
NO. 3
93.0 '
95 8 '
S7 3 I
97. t)
S9. 3
1)3. 3
96 0
W
7. 0
97. 6
89.4
93.6
96 5
87. 8
97, 6
89.5
93.9
97.7
88. 8
97. 7
89.7
94.3
98. 9
89, 6
98. 1
90. 1
95. 3
100. 4
91.3
98. 7
91.5
96. 9
102.4
93. 3
8-1 5
71.6 !
SI 3 ,'
71.0 '
»»7. () !
8-iO !
b i. 5
74 0 |
Si.6
70 3
til 5
82. 4 :
SI 2
75 3
S3. t
71 6
67. 8
82 5
85. 5
77. 5
85.1
71. 4
70.9
86. 2
87.1
79. 7
86. 4
76. 4
74.5
88.0
HH, 6
S3. 6
87. 6
82. I
75. 9
93. 0
90. 1
86. 1
87.9
85. S
76. 3
98. 9
82.7
73. 5
79. 7
59. 1 i
83. 6
HX 6
7"), 2
80. 3
60 7
SJ. 7
85. 0
77. 9
81.0
63. 8
85. 6
86. 6
79.5
81.6
64. 0
87. 2
SS.
83.
84.
73.
90.
0
1
3
0
8
89. 3
84. 7
87, 7
69. A
93. S
81.9
99. 5
91.5
90. S
116.7
79 S
,S5 0
97. 2
70.4
85. 9
100.1
91.7
91.0
116.7
81.8
86.4
97. 5
71.0
87.4
100. 4
91. 9
91.5
110.8
83. 6
86.8
98.7
71.1
88. 6
101.0
92. 5
91 9
117.6
83. 8
87.2
99. 9
69. 9
89. 7
103. !
94, 2
92 1
122. 3
85. 2
87. 3
100. 0
74.0
75!
si
HI
92 :>
*'"). 7
S7 0
r
104,6
103,3
105.9
101.4
105.3
105.8
103.:?
103
90
82
118
83
84
129
134
91
100 \
\)<. 3
s9. 1
91 s.
r
88. 9
73.886. 2
87.8
88. 4
98.7
103
90
80
118
80
81
130
156
93
lot
J00
so
J21
78
M
130
!
j H
9s
r
88. 5
73. 6
85. 5
86. 7
88. 2
98. 6
118
JJ8
107
126
84.9
77.
65
59.
71.
•
0 .
6 1
3
•*>
1
77 ii
6<»
61. 7
72 4
!•>
71 1
7(' t
Of) i
72 6 |
so
d" 1
70
67 7
79 9 '
70. 1
74 3 1
I'M. 2 |
76. I !
Mi 1
si
71
75. 1
tjO s
7 9 (1
7' 1
77 {
"s 9
82
S1'
s
Ii
3 '
90 i
90. 0 i
9>. 4
76. 7
M ,s
06. ->
68. 0
2
(,
J07. 1
7') s
81
9ti. 0
6s. I
90.
90
s2
S2
<'
07 s
00
1*0 7 i
in J
76 q
S"i 0
M" s
(,* 1
t>8
s
7.5 6 ,
sO 7
•>•) 7 '
i>7 0
72
t 9
!)
SI
9
-2
7^
S2
hO
S4
til
4
76 2
S4
Ss
90 !_'
90 S
r
117 »
77
So
<r
1
J
09 (j
SJ
1
v
j
7 •
2
2
73
SO
50
S3
7
2 i
6
2
77 0
8t 1
99 3
(
)J 1
90 \>
1 !8 8
77 •j
8"> t
9(5 2
7u 0
Sl. 3
99 6
!M 3
•JO S
118. 1
78 6
So. 6
96 5
7(J 7 ,
84. 4
99. o
91 4
90. 8
J17. 2
7S 5
85 7
96. 9
70 4
T
Revised, P Preliminary.
• N u m b e r of quotations incn ased to *»MJ in Jnnudr\ 1911. \ 1'or monthly d-ifa beginning 1933, see p . 18 of the April 1940 Survey;
§Dat:ifor Sepiembet 15, li'll: Total, 13'.), chickens a n d i-tras, i l l ; cotton and COUOIIMUJ, 150 d a n \ pioduets, 110; fruits 89; uruins, 106; meat animals, 166; truck cr ps, 145;
iccllancou^. 131.
Depart36, p. 18.
S-4
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- 1 9 4 1
gether with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
July
COMMODITY PRICES—Continued
WHOLESALE PEICES—Continued
U. S. Department of Labor indexes—Con,
Commodities other than farm products arid
foods—Continued
Fuel and lighting materials
1926=100..
Electricity^.do
Gas
-_-._._._do
Petroleum products..
do
Hides and leather products
do
Hides and skins
..do...
Leather
_...._
do
Shoes
do...
House-furnishing goods-.-.._.._do
Furnishings
.
do
Furniture
. _ _do...
Metals and metal products
do.. .
Iron and steel
do
Metals, nonferrous
_ do
Plumbing and heating equipment._do
Textile products. - do
Clothing
do
Cotton goods
do
Hosiery and underwear
do
Rayon*
..__
do
Silk*
do....
Woolen and worsted goods,
do
Miscellaneous
- do
Automobile tires and tubes
do
Paper and pulp
do
Wholesale prices, actual. (See under respective
commodities.)
S
71.0
73.5
84.8
48.9
98.3
84. 0
88.9
107.0
88. 5
94.8
81.8
95.4
94.9
80.7
80.5
72.5
85. 6
69.2
61.4
29.5
42.8
84.2
76.5
58.8
93.2
71.6 I
71.6
82.4
49.0
100.4
93. 8
90. 9
107.0
88. 6
95. 0
81.8
97. 3
94.9
83.6
80.5
73.6
85.7
71.5
61.4
29.5
44.7
86,3
76.9
58.8
93. 2
71.9
73.3
80.5
49.3
102. 3
101.2
93.2
107.1
88.6
95.0
81.8
97. 6
95. 3
83.9
80. 5
74.5 I
85. 7 !
73.6 |
61.5
29. 5
42.8
88.8
77. 5
58.6
93.1
71.7
73.4
78.2
49.5
102. 3
99.3
94.1
107.2
88.9
95.1
82.2
97.6
95.4
83.4
80.5
74.8
85.5
74.9
60.7
29.5
42. 5
89.0
77.3
58.3
93.1
72.1
72.5
77.5
50.0
102. 4
99.1
94. 4
107. 4
89.0
95.2
82.6
97.7
95.7
83.6
80.5
75. 2
86.6
75.8
59.9
29.5
42.5
89.2
77.1
58.2
93.1
72.1
72.5
77.6
50.0
101.6
94.8
94.5
107.4
89.1
95.3
82.6
97.6
95.5
84.0
82.2
76.4
87.2
77.5
60.3
29.5
43.3
91.2
76.9
58.2
93.3
72.0
70.0
77.0
49.9
102.6
99.1
94.8
107.4
89.5
95.8
82.9
97.7
95.7
84.3
82.8
78.4
87.7
81.1
60.4
29.5
47.7
93.2
77.6
58.4
93.5
72.9
69.2
78.1
51.9
103.9
104.7
95.6
107.8
90.4
97.1
83.4
97.9
95.9
84.3
83.0
81.0
88.7
86.8
61.1
29.5
48.3
93.3
78.6
58.8
94.5
75.6
67.7
80.1
55.3
106. 4
110.3
96.9
110.1
91.4
98.0
84.3
98.1
96.1
84.4
83.0
83.0
90.9
91.0
61.3
29.5
49.1
94.1
79.6
58.8
96.7
77.9
78.5
61.4
110. 2
112. 2
98.5
116.1
95.4
100. 7
89.9
98. 6
96. 9
84.4
86.8
88.3
95.1
101. 5
63.8
29.5
52.0
98.2
83.7
60.8
100.7
i
71.1 |
72.4
84.5
49.2
96. 9
77. 1
88.3
107.0
88.5
94. 8
81.8
94. 9
94. 8
79.1
80. 5
72.3
85. 6
68.6
61.5
29.5
43.0
83. 7
76.7
58.8
93. 5
.
59.9
81.0
107.8
112.4
97.9
111.7
93.1
99.0
87.0
98.3
96.5
84.5
83.1
84.5
91.6
94.6
61.9
29.5
51.2
94.6
80.6
58.8
98.0
80.8
60.9
109.4
112.5
98.1
114.7
94.4
99.7
88.9
98.5
96.8
84.7
83.2
86.2
93.9
96.1
62.9
29.5
51.4
96.5
82.0
58.8
98.8
111.5
117.1
112.2
113.8
130.1
131.4
153.1
119.0
129.1
130. 2
151.5
118.6
128 0
131. 6
148. 6
118. 9
126. 5
131. 9
148. 6
118. 9
125.9
130.0
145.6
118.3
124. 7
129. 4
141. 4
118. 2
125. 0
129.2
142.7
118.1
123.6
128.5
142.7
117.8
121.0
125.8
133.7
117.1
118.6
123.9
131.2
116.4
115.6
119.5
124.5
114.9
113.4
118.6
117.6
114.4
79.0
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
1923-25=100,.
Retail food prices*
---- do
Prices received by farmers.,_
do
Cost of living!
----- do
CONSTRUCTION AND REAL ESTATE
CONTRACT AWARDS, PERMITS, AND
DWELLING UNITS PROVIDED
|
Value of contracts awarded (F. R. indexes):
94
99
90
84
Total, unadjusted
..._. 1923-25= 100..
p 157
94
93
93
117
121
135
' 153
81
83
82
70
Residential, unadjusted
.
do
82
v 122
78
93
104
111
'118
77
90
95
111
103
93
Total, adjusted
do
v 150
94
103
'139
101
115
117
85
87
84
82
Residential adjusted
do
82
P 123
74
80
88
101
' 117
90
F. W. Dodge Corporation (37 States):
34, 084 31, 528 34, 959 21, 462 25,001
31,671
31,512
Total projects, _.
..
number. _ 50, 551
32, 304 36, 380 48, 531 46,950
49, 637
Total valuation
thous. of doL _. 760, 233 414,941 347, 651 383, 069 380,347 456,189 305, 205 270,373 479,903 406, 675 548, 700 539,106 577,392
Public ownership
do
509,129 195, 293 143,996 174,506 194,591 257,693 111,124
96,425 226, 392 168,817 254,836 302,000 346,498
251,104 219, 648 203,655 208, 563 185, 756 198, 496 194, 081 173,948 253,511 237, 858 293, 864 237,106 230, 894
Private, ownership
do
Nonresidential buildings:
7,284
5,135
5,199
6.144
8,746
3, 438
Projects
number.. 10, 766
4,120
5,668
5,233
8,446
8,339
6,262
34, 028 33,890
42,129
23,918
Floor area...
thous. of sq. ft-. 63, 802
29, 451 31,509 44, 596 31, 898 38, 242
23, 654 23,431
19,718
Valuation
thous. of doL. 286,, 741 119,189 101,295 136, 405 148,367 182,618 118,757
90,058 201,458 143, 304 202, 492 200,456 220, 612
Residential buildings, all types:
24, 277 24, 758 24,888
24,009
24,176
16,936
19, 746 25, 325 29.499 | 38,093
Projects
number.. 37, 234
38, 527 39, 429
40,778
41,630
42,151
48,183
28, 450 29, 322 35, 801 41,978 I 54,571
38,987
Floor area
thous. of sq. ft... 62,773
52, 895
52,098
Valuation
thous. of dol.. 231, 529 152, 988 152,372 148,469 152,838 159,275 111,306 116,459 147,859 166,462 I 201,274 205, 634 205, 049
Public works:
1, 685
1,339 | 1,482
761
725
812
975
921
1,871
.,283 ! 1,589
Projects
number..
1,701
1,487
59,898 ! 73,220 | 51,430
73,447
59, 622 42,242
Valuation
thous. of doL. 134,054 119,358
84, 592 71,426 ! 96, 501 99, 631 101,074
Utilities:
!
439
454 j
351
430 I
276
476 j
410
365
680
336
403 !
Projects... - - number...
382
460
24,975 | ',712 ! 40,849 i 15,520 ! 21,614
23,406 i 34,086
45, 994 25,483 | 48,433 | 33,385
Valuation
thous. of doL. 107,909
50,657
Families provided for and indicated expenditures for building construction (based on
bldg. permits), UTS. Dept. of Labor indexos:
07. 4
80. 4
86. 2
98.0
66. 2
63 7
63. 4
Number of families provided for.-.1929=100.
100. 4
84.0
116.3
106.0
112.6
104.4
Indicated expenditures for:
55. 5
51. 4
77.7
60 8
03.4
41 8
39.9
47.1
44.5
Total building construction
. . . do.. .
65.3
60.6
53.0
54.9
43.6
New residential buildings,.
do .
75. 0
08! 5
47. 4
45.6
43 8
55. 5
60. 5
76.4
59.8
82.2
74.8
80.7
69.8
24.4
40. 9
28. 0
New nonresidential buildings
do
11.6
60! 3
67.4
5
20.1
22.4
34.1
30.9
19.7
Additions, alterations, and repairs, do
43.8
60.9
57. 0
43 5
40.2
43 7
60. 4
60. 5
64.0
54.5
62.5
67.8
69.2
Estimated number of new dwelling units provided in all urban areas (U. S. Dept. of
Labor):f
36 918 38, 481 43 099 31, 12fi 29,202
27, 027 27, 480 35, 297 46, 930 43, 568 47, 034
Total
number-.
18, 698 20,512
1-family dwellings
do
27,173
36, 762 34, 706 37, 701
29, 629 27, 961 30 164 23, 211 21,265
2, 073
1,917
2-family dwellings
do
2,429
2, 760
2,871
2, 590
3 018
973
3 475
2 375
2,679
5, 864
Multifamily dwellings
do
6,412
4,539
5,364
4 271
6,547
9 460
% 540
7,297
6,654
6,272
Engineering construction:
Contract awards (E. N. R.)§._.thous. of dol. 529, 561 397 253 368, 252 702, 842 382, 724 398,704 584,549 | 424,269 | 452,430 381,563 409,371 589,221 I 958,663
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
7,285
5.050 ! 4, 496 !
5,788
6, 882
9,567
2,083 ! 3,567 I 5,042 | 7,782
Totalt---..--.-.thous. sq. yd.
8, 776 ! 17,124
1,195 |
644
227 ) 1,029 i 1,358 I 2, 804
3,606
868
1,045
922
Airports*
do
9,594
3,112
2,197 j 2,262 | 2,814
819 ! 1,531 | 2,087 ! 3,425
2,910
Roads
do
3,170
4,049
3, 673
3,878
4,825
1,658 i 1,590 ! 1,321 ! 1,037 i 1,007 I 1,596 i 1,553
2,051
2, 368
1,574
2,287
Streets and alleys...,
do—
1,786
2,706
r
Revised, p Preliminary. §Data for August and October 1940 and January, May, and July 1941 are for 5 weeks; other months, 4 weeks.
*New series. For indexes of rayon and silk prices beginning 1926, see table 29, p. 18 of the May 1940 Survey. Earlier data for concrete pavement contract awards for
•airports and for the total revised to include airports will appear in a subsequent issue.
tRevised series. Indicated series on "Purchasing power of the dollar" revised beginning January 1935; see table 4, p. 18 of the January 1941 Survey. For revision in total
concrete pavement awards see note marked with an "*". Revised data on dwelling units for 1939 are shown in table 18, p. 17, of the May 1941 Survey. Estimates beginning
January 1940 cover urban areas as defined by results of the 1940 Census; revised data for earlier months of 1940 are available on p. 22 of the June 1941 Survey except for revisions in April figures as follows: all types, 38,324; multifamily, 7,013.
V,
S-f
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the
August
1940 Supplement to the Survey
1941
1940
August
September
NovemOctober
ber
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION—Continued
Status of highway and grade crossing projects
administered by Public Roads Admn.:
Highways:
Approved for construction:
3,557
M ileage
no. of miles..
Federal funds
thous. of dol . 44, 693
Under construction:
8,840
Mileage
no. of miles .
Federal funds
thous. of elol.. 138, 675
Estimated cost
do. _ _ - 272, 079
Grade crossings:
Approved for construction:
Federal funds
do
14, 662
Estimated cost
do
15, 820
Under construction:
42,778
Federal funds
do
44,249
Estimated cost
._do
3, 030
32, 356
2, 892
33, 555
2,926
35, 949
3,047
36, 845
3,100
36, 477
7, 536
7,315
9, 439
9, 390
8, 906
8, 236
128, 737 131,614 127, 250 121,566 113,922 113,671
257, 567 264, 589 256, 691 244, 464 228, 840 227, 763
7,413
115,932
232, 054
3, 902
41,210
3, 578
37, 242
3, 322
39,100
3, 621
42, 405
3, 765
42, 755
8,334
7, 773
121, 029 126, 387
241,877 246, 119
8,777
134,641
261, 530
4,118
48,889
3,879
47,264
8, 921
9,054
139, 401 141, 569
270, 967 276,100
9, 496
10,198
9, 779
10, 214
9, 473
9, 855
9,081
9, 307
10, 123
10, 781
10,573
11,065
10,331
10, 719
11, 060
11,632
13, 000
13, 535
lfi, 753
17, 812
20, 459
21, 255
17, 798
18, 765
38, 323
39, 674
35, 975
37, 543
35, 831
37, 226
34,813
36, 352
32, 483
34, 001
32, 072
33, 592
33, 226
34, 715
35, 292
36, 768
37, 648
39, 300
37, 384
38, 972
37, 714
39, 452
39, 548
40,939
202
192
220
184
209
206
195
225
190
212
208
198
227
191
214
208
198
228
191
214
212
202
230
194
217
212
208
231
194
216
212
209
231
194
216
212
209
231
194
216
213
213
230
196
216
215
214
231
196
218
215
214
231
197
219
219
216
233
203
223
189
189
191
192
193
193
193
194
195
195
196
198
96.8
132. 6
115.1
119.0
97.3
132. 8
115.3
119.4
98.0
132. 9
115.5
120.2
98. 01
132.9'
115.5"
120.2
98.3
133. 5
116. 1
120. 5
98.7
133.8
116.9
120. 8
98.7
133.8
116.9
120. 8
98.5
133.9
119.3
120. 6
99.8
134. 0
119. 6
121.0
99.7
134.0
119.9
121.1
99.2
134. 9
119.3
120.3
99.6
135. 3
120.8
120.7
98.4
135. 7
118.3
120.4
98.7
135. 8
118.4
120. 6
99.1
135. 8
118.6
120.7
99.1
135. 9
118.6
120.7
99.3
136. 3
119.0
121. 0
99.6
136. 5
119.6
121.2
99.6
136. 5
119.6
121.2
99.7
136. 6
122.8
121.2
101.7
136.6
123.0
121.3
101.7
136. 6
123. 2
121.4
101. 3
136.9
122.7
120. 8
101.6
137.1
123. 8
121.1
97.1
131. 7
114.3
119.2
97.8
131.9
114.6
119. 7
98.7
132.2
114.8
120. 5
98.7
132.3
114.8
120. 5
99.0
132.9
115.5
120. 9
99.4
133. 2
117.2
121.1
99.4
133.2
117.2
121.1
99.2
133.4
121.2
121.6
100.8
133. 7
122.1
122.1
100. 7
133.7
122.3
122.2
100.3
134. 3
121.9
121.5
100.9
134.8
127.3
r
122. 0
89.6
126.1
105. 8
111.2
92.3
127.2
107. 0
113.3
96.2
127.8
107.8
117. 6
96.2
128.2
107.9
117.6
96.7
130. 2
109. 9
118.4
97.7
130.7
112.5
118.6
97.7
130.7
112.5
118.6
96.3
131.3
114.3
116.2
95.6
132.1
114.5
118.0
95.2
132.1
114. 6
117.8
94.6
133.6
115.0
116.8
97.0
135. 9
117.3
118.3
87.2
124. 5
100.8
108. 3
90.6
125.9
102. 2
111.0
95. 6
126.7
103.1
116.6
95. 6
127. 2
103.3
116.6
96.2
129.7
105. 8
117. 5
97.5
130.3
109.1
117.7
97.5
130.3
109.1
117.7
95. 2
131.0
110. 5
114.7
93.7
131.9
110.9
117.0
93.1
131.9
111.0
116.6
92.1
134. 2
110.4
115.5
95.2
137.1
113.3
117.3
214.1
245.0
247.2
249.1
249.7
250. 5
250. 7
252. 4
255. 0
256. 8
258. 2
260.4
102.1
101.4
103. 6
102.9
101. 9
104.8
104. 6
103. 4
106.9
106.4
104.6
109.8
108.1
105.9
112.5
109. 3
106. 6
114.5
110. 2
107.8
115.1
110.4
108.0
115.3
111.2
108. 7
116.1
111.6
108.8
117.0
112.4
109. 2
118.6
113.6
110.7
119.3
56, 878
54, 728
52,116
75, 516
92,406
119,566
C O N S T R U C T I O N COST I N D E X E S
Aberthaw (industrial building)
1914=100
American Appraisal Co..'t
J221
Average, 30 cities
1913=100.
: 218
Atlanta
do. „.
| 234
New York
do ...
204
San Francisco
do - 223
St. Louis
do._Associated General Contractors (all types)
198
1913=100
E. H . Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
100. 5
Atlanta
U . S. av., 1926-29=100.
136.1
New York
do._.
San Francisco
do _ _ _ 121.5
121,3
St. Louis
do..Commercial and factory buildings:
Brick and concrete:
102. 2
A tlanta
do -..
137.7
New York
do....
124. 3
San Francisco
do _.
121. 5
St. Louis
.
do
Brick and steel:
101.8
Atlanta
__...do...
135. 5
New York
do...
San Francisco
do _.. i 128. 0
122. 6
St. Louis
do._ .
Residences:
Brick:
99.3
Atlanta
_.__do-_.
137. 5
Ncw York
do.__
118.9
San Francisco
do...
120. 0
St. Louis
.
do...
Frame:
98.1
Atlanta
do...
139.1
New York
do..115.3
San Francisco
do.. 119. 5
St. Louis
do...
Engineering News Record (all types) §
263.1
1913 = 100.
Federal Home Loan Bank Board:f
Standard 6-roora frame house:
114.9
Combined index
1935-1939=100.
112. 4
Materials.. _
do _. .
120. 0
Labor
do...
197
195
194
207
REAL ESTATE
Fed. Hous. Admn., home mortgage insurance:
Gross mortgages accepted for insurance^
84, 689
89, 379
92, 083
66, 754
thous. of doL. 107,137
Premium-paying mortgages (cumulative)
thous. of dol.. 3,261,476 2,411,632 2,479,964 2,559,984 2,628,851
Estimated new mortgage loans by all savings
117,622 111, 775 114,400
94, 567
and loan associations, total...thous. of doL.
Classified according to purpose:
Mortgage loans on homes:
42, 488
41,610
39,417
32, 584
Construction
.
do....
40, 567
40, 771
40, 947
33, 875
Home purchase
do
17, 762
16, 840
15, 483
14,441
Refinancing
.
do
6,079
5, 756
6,283
4, 869
Repairs and reconditioning
do
JO, 726
9,423
9,645
8,798
Loans for all other purposes
do___.
Classined according to type of association:
46, 480
50, 305
48, 307
38,896
Federal
..thous. of dol._
45, 988
46,807
46, 224
40,143
State members
do.-..
19, 307
20, 510
19,869
15, 528
Nonmembers
.
do
Loans outstanding of agencies under the Federal Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of dol..
1,461,867 1,487,974 1,515,392 1,533,246
Fed. Home Loan Bks., outstanding advances
168, 402 176,047 181,526 185, 547
to member institutions
thous. of doL.
Home Owners' Loan Corporation, balance of
1,996,443 1,987,611 1,980,704 1,968,816
loans outstanding
.
thous. of dol..
Foreclosures, nonfarm:f
33.4
48.0
47.4
48.8
44.2
Index, adjusted
1935-1939= 100. _
20, 722
21,198
22, 091
Fire losses
thous. of dol._ 24,122
23, 449
r
122,903 '114,247
2,706,353 2,785,138 2,846,467 2,908,104 2,968,407 3,033,684 3,108,723 3,190,690
88, 553
80, 440
82, 330
105,162
120, 631
130, 953
133,640
132,972
30,032
31, 465
14, 575
4, 248
8,233
26, 662
27, 809
13, 645
3,784
8,540
26, 483
30, 283
14, 204
3,573
7,787
33, 250
41, 784
16,903
4, 765
8,460
38, 686
48,311
16,905
6, 368
10, 361
40, 975
54, 781
18, 506
5, 930
10, 761
44,207
55, 993
17, 891
5, 633
9, 916
44, 918
55, 682
16, 816
6, 022
9, 534
37, 715
36, 729
14,109
34, 360
33, 947
12,133
35, 645
35, 301
11, 384
45, 365
43, 947
15, 850
51,371
50, 956
18, 304
55, 396
54,495
21,062
57, 542
54, 857
21,241
56,564
55, 676
20, 732
1,546,270 1,564,168 1,578,543 1,600,482 1,628,421 1,657,647 1,688,297 1,717,507
201,492
170, 849
156, 899
145, 959
141,828
145, 273
169, 897
168,145
1,956,268 1,942,427 1,929,346 1,913,862 1,899,856 1,885,087 1,870,305 1,854,824
42.2
28,617
44.0
26, 470
42.1
20,102
42 5
31, 471
41.1
29, 330
38.3
25, 637
36. 7
24,943
37.3
23, 698
§ Beginning with the September 1940 issue of the Survey indexes computed as of the first of the month are shown as of the end of the preceding month. The Engiineering
News Record index is similarly shown in the 1940 Supplement as of the end of the preceding month.
1 Figures beginning
rung April
April 1941
1941 include
include mortgages
mortgages insured
insured under
under the
the defense
defense housing
housing insurance
insurance fund.
fund,
tRevised indexes
es of the American Appraisal Co. beginning 1913 are available in table 44, p. 13 of the November 1940 Survey. Data beginning 1936 for the Federal
Federa Home
Loan Bank Board s revised index of construction costs and beginning 1926 for the index of nonfarm foreclosures are shown on p. 26 of this issue.
S--6
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- j 19 31
gether with explanatory notes and references J
to the sources of the data, may be found in the ( «.„,,,.
1940 Supplement to the Survey
October 1941
1941.
August
SepNovem-! Deeem-' Jnnu- ! Jebru- i *Mr a r d^l
tember I October
ber
ber j ary , ary ;
May
April
June
July
DOMESTIC TRADE
AIIVUKTISIM;
Printers' Ink indexes, adjusted.*
Combined inde\_. .
lvl>-X-"J= H)(»
Faim paper;- _.
.
.
do .
Magazines . do.
Xewsj ixpors
<.w
Outdoor
- , .
iii
JicKiio ud\erlising:
Cost of facilities, total
lnoii<. of dol
Automobiks ana aceessoru s. . . .
do
Clothing. - - - - - do
Idu^ric household equipment
<U,
Financial _
_ .
.
do.
Foods-, food bcu^rauc, eoult'clioi!-'
do
House furnishings «.t<
.
do .
Soap, cleansors, etc
do
Ollice furnishings and suppl o,
do Mnoking materialdo
Toilet goods, nudieal .-upi'lics
de .
All other
...
di.
M a'ja/jne advertising:
f'ust, total - , .
do
Automobile* and accessories
. <<o
Clothuiir
__ . .
_
do
Electric household equipment
do
I'inanciaL
.. ..
do
Foods, food bevrroc,cs, eoiijcciioiis
do .
House furnishintis, etc
di.
Soap, deansers, etc
d<. Oflire lurnishui-s and supplies
do
Smoking materials
.
d<> .
Toilet goods, medical SUM lie.do
All other -d'j .
Linage, total
. ..
thoi's. o* \\u-<
Newspaper advertising;
L i n a e y , tot.il (."2 cities',
.
<io
(Uji^-Tud _ .
d«.
Display, total . . .
.
.
do
Aufonx i j \ c
>\u
Fmancial
.
d(. .
(u-neniL.
do
Keiail
. . .
. .
do
68.3
86.5
SI. 0
87.4
03. 0
70. 9
80.4
80.4
7,044
037
10
0
70
2,138
55
.1,009
0
1,300
2,422
252
6, 842
480
33
11, 2S.l
1,340
f.81
10,005
2,110
286
H31
241
(506
2,000
3, 108
2.066
05,707
23, 3(w
72,401
3,031
1,337
11,602
56,338
l.SPJ
70
007
0
J, 224
1,807
235
1,215
487
140
283
2,004
382
188
608
1,700
2, 656
1,888
85.4
66. 1
83.0
86. 4
58.3
80, 9
79. 4
87. 7
78.8 i
7*. 8
0,832
742
50
87
2,018
2, 530
103
1.011
874
0
•
1, 160 ;
2.088
13,635
1, 01.1
1,061
281
378
2, 140
825
420
2, 147
3, 668
2,410
02,041 ! 106.701
22. 328
21,064 :
70,077
84.373
3.610 •
1, 106 !
1, 322
14,546
12.016
53,216 ; 63, 4*.9
J,302
2,609
1,390 '•
84.9 ;
66. 7
85. 3
70. 7
62. 5 •
02.1
73. 9
80. 7
87. G
84.4
0,016
724
74 !
0 |
01 I
2, 480 :
9, 307
857
63
049 i
10
j.281
2. 365 ;
0 43 i
97
2, 664
305
1,001
17
1,376
2, 626
503
15,861 I 13.589
2,427 |
.1,270
878 j
745
531 |
046
452
432 ;
336
2.440 i
2, 582 | 2. 003
0 55 !
684
1, 177 ,
471 ]
240
441 :
24 8
345
210 I
874 !
682
770
2, 081
2,433 '
Z 180 : 4.558
4, 207
2, 432 ; 2, 460 ;
1,601
786
6,471
1, 000
JS. o i l
60, 409
113, 191 122, 7SH
21,071
21,018
92, 119 ; 100,868
4,973 i
4, 124
1,359 : 1,742
16,706 ' 13,549
8!,452
x2 9
63. 1
89. 3
,s. 100
2, 2'. 0
46
1.052
17
1. li'1,
2, 039
39( l
v. 713
12,52^
1.5sl
2, 4xs
167
17,011
2. 542
1,210
09}
32!
i,615
264
luu
137
6<3
1. 177
3,
IA
)
12, ',! 1
53. ii!5
333
435
219
702
2, 135
3. "96
2. 3!9 '
"1. 250
1.4-52
1 i, X06
8, 595
656
69
o I
]0) 1
2, C14 I
45 I
904
0
1,J52 '
2, 587
3'6
1,304
2,4 44 j
')X
2, 70.<
Ml
:ox
3*» 4
973
2, 472
4.991
114,377
21.712
X9, IK")
5, 007
i, s<;
1 7, 22b
17, " 7 s
2,816 ,
1.124
s-?2
4 49
2 144 I
705
2, 50')
5,13 5
88. 6
56.9
91.6
7b. 5
87.8
04.5
82.1
80. 7
84.5
8, 655
636 j
46 i
0 .
09
2, 623
1,040
0
1, 336
2.355 '
91.0
G3.3
83.6
85.0
90.7
89. 0
68,8
84.1
83.2
83. 5
8,427
664
41
8. 246
• 672
0
1 206
1, M.: ,
454 I
2,4K i
2, 3 K»
5, 220
2, 515
i
122,44.'? ' l(js 4.-2
2 5 , 6 2 t I •_' 2"4
11'I, 230
24,OS]
04.318
(j, 900
°(,,81S !
n >
j
1 7H |
17, u'J~) 1 •X, Mi 1
(
'.7.XH , f '. X22 , 61, I'.M
GOODS IN WARKHOrSKS
Space occupied
houses . .
in public-merchandise \\ii-\- .- percent ol 10' *1
72, 1
80.2 !
NEW INCORPORATIONS
Business incorporations (4 States).... number.
POSTAL BUSINESS
1,537
1,500 !
A i r m a i l Poun 1-nale peifoi imuee
^>i!'"i!
Morifv orders
Domestic, l-sued (.50 c Ales .
Number
.
.
thousands
Value
.
. tliou- ol dol
D o n a s t k , piid (50 cities).
\r.mber
..
. .
tlums>n<,s
Value
tli' . ^ 01 do1
Foreign, issued—\ due
•0
Receipts, postal.
50 selected citie;
.
MO
50 industrial nties
M<»
RETAIL TRADE
+
All n i . n l ' I o n *, lot \\ l t l<s
mil 01 d I
lnd( ^, in> rdjiMid
10 •> J }1)--1<V
J)uiabl- lioods
do
\ < n d u i a b l e £oods
Me
Jnd( \ . a d w s t e d
d<
Durable tioods
do
N o n d u i ' i b l e goods
do
Automobiles,, value of new passen^ei-i a r - d<^ t
Lruidjustod . _ .
1 0 ::;.' M )=]oo
Adjured _
..
d"
Cham-store sales, indexes.
Cham-store Age, combined index V2u du.ins
a^eiage same month 1W20 ^l^lou
A p p u e l chains _.
_
do
Diuji chain-stoie sales.*
\ nadju-ied
.
Vte7> V»-=K'ti
Adjusted
x]>,
(iiocer> fhain-stoie bales
Unuijusted
.
.
l\)J> i l - ' m
Adjusted
. _ __
.
.
do
V a n e t \ - s t o r e saj( ^, c o m ! i n t d sales. 7 d t4 iiis T
I n uljusted
.
. l(j^o oU — luc
Adiusted
.
. .
(Jd
< Miin i - < -1oie snle< a n d s t o n ^ uj>« i..t«'d
Variety cli nn^
II. L (Ireci Co , Inc.-t
l
tl
Stoies operated
S. S. Kresjie Co :
Sales
.
Stoies operated
^ 1!. Kress (L C o :
^ operated
1J.7 J
1 J ','
. ''01
12:, \
_>\07',
3 Hl
•>, " 7 1
|
1 '< S
r,«, 1
1 U
121
I2>
I ,h
m \
j j<) 0
" ; j
]j| 0
J.2
117
"
',
JJ"i
J's
111
1
2
'
154
124
U)J 2
Iu7 u
i I') 2
112.4
|d
t:»('iis oi dol
. mrnl ei
7
I
1
0
1 I, *-('.
110,5 4
1, 1 r>5
U S 1"()
w
Us 1
124
116,27'
1, r.-i
32 U<,
4 001
3
J t«,
14 Si
1 IM i
H ) 1" 7 0
1J1 "
J 0 ( , <J
MO i
I'b x
12] 7
It '
135 !
17X
209
1 \(
'
l{h>
"
\ 44:
J 11 »
J70 "
123 0
142 \
K8 1
\ 5"?.
i n
JM) <
J {n 5
HS 0
It < 9
129 b
no 4
i n ")
171 s
Is-1 7
131 >
21")
3 85
1
1 1,,'«h
(71
-
'2x "10
l.-M .
7 1M
(
17 61
1" (54
It "'
lll.f
1 { :
102,
numb']
thou- of ((ol
1 -I, t 05
i'i O i l
^ 022
11, 7
M . s7(i
120. 0
132.0
124.0
136.0
1 2b. 0
149.0
124.0
133.0
130.0
133.0
L28.5 i
144.0 :
•• 132.0
132.0
148.0 | • 145.0
104. 7
103. 2
105.2
105.3
140.3
103.8
104.1
108.7
100.4
107. 4
109.2 !
109.7
107. 7 i
HI.4 :
112.2
112.4
111.8
115.3
115.3
120.8
117. 2
118.4
'122.0
123.4 |
122.8
127.4
126.1 .
130.2 \
126.4 j
130.8
128.9
108.0
109. 7
112.9
K)9, 7
80. 5
109.9
92. 1
116.2
94.8
113.2
110.1
116.4 j
no. 2
3, 992
4, 305
150
, 972
150
2, 890
150
2,996
149
3.546
149 ;
4,227 \
149
4,315
15(1
12.620
(i82
13.200
0X4
24,683
1.0, 150
11,507 !
675 \
13,314 !
673 !
13,443
673
6,222
242
7,156 ;
242 ;
8,062 ,
242 i
7, 958
242
7.514
241
9, 409 i
5, 021
242
no.o
114.0
141.0
159.0
' 133.0 :
' 130.3
T
109. 7
116. 1
;
135. 5
;
•• 133. 5
111.3
116.8
3.027 '
151
!2
109. 1
114. 5
r
r
133. 7
130. 4
' HI.O
• 122. 2
3. 733
ioi
'£!
12, 016
7, 724 '
242 .
7, 582
'24.
Pidimmar\.
• Le^th
i.
§fi d u d e s data for radio advertising not available separately since N o v e m b e r 1040.
t
senes. Kc vised i n d e \ ( s o f \ a n e n store sales bennmnjr 1020 ajrpear in table 30, p. 10 of the August 1940 Survey. IT. L. Green Co. data revised beginning February 30,59; for an explanation of \\M. rt \ ISK n <v\(\ re\ ised d >ia. see notes mailw d with a "f" on p. 24 of the September 1840 and Decen ber 1040 Survey. F o r revised data on
value of new pastorper-car sules beiimnii $r 1929. n e p . 20 of the Aiuru^t 19U MIT vey, and for an explanation of the revision, p p . 18 nnd 19 of t h a t issue.
* \ ' e \ \ serie^
F o r d a t a on sales of all retail sti,ri»s b e g m n m e 19T,, soe table 5. p . 24 of this issue. For data on drug-store sales beginning J u l y 1934, see table 1, p . 11 of
the November 1910 S u r \ e \ .
OC1OIK-»
SURVEY OF (TKKKNT BUSINESS
I If
Morthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1840 Supplement to the Survey
1941
1910
1941
Decem- I Janu-
August tern her October
ber
ber
Febru-
ary
April
Marcli
Juno
May
July
DOMESTIC TRADE—Continued
R E T A I L TRADE—( on tinned
Chain store sales and stores operated --Con.
Variety chains—Con.
McCrory Stores Corp.:
Sales
...thous. of dol.
number
Stores operated
G. C. M u r p h y Co.:
Sales
thous. of dol
numberSt ores opera ted
F. W. Woohvorth Co.:
Sales
thous. of dol....
. . . . . . . .number
Stores operated
Other chains:
\ \ . '1 . CJ-un Co :
t li<)lls of d o l
Silts
i m i u l i1
"-'ore <,p( rated
J . C . Pi nnev Co..
r-'des
ihous of do;
iiumlK r
Stores operated
I)ep;utnu nt Mores;
Coll< (tions 'ind accounts r«vc
Insts Mnu nt accounts:
Index of receivable^* D' c 3 i , 19 V)- mo
Colh (ti')n ratio
pucent
fnd< \ of UM e i v a b k s * \)> ,.. i j f 1939- HO
peueri'
( ollect'.on ratio
101M 2u=100
- d<-, l o t , 1 I . S., unadj'1-.ti • i
\tlantat
Hoston
1'i.r 39=100
1923 '.'.)- 10')
PM5 39-- ]00
192 l-'K)— idU
" do
3 n 25--300
W> 39 = 100
192 3 2". =100
.
<"hi( ijrof
Dallas
Kansas C i t y
M mru ip<ilist
New V>rk
PI ihd< Iphia
Richmond .
St Lom^ in IMMIICI co§_
- les, total 1 . S., adjustid*
,\ tl inta f
4, 320
201
3, 626
202
3, 377
202
5, 379
' 204
4, 370
202
3, 923
202
30,713
26, 82S
2,014
25,197
2,021
2, 019
jo
0DU
1(' >
V. i ^ >
3 V i
do
1935 39 100
do
19J.5 2"i 100
do
I'M". 3'! 1O0
1923 2') 100
Clii< li'o t
CJ. M'l'ind
Ddl.lS
M mii( lpolisj
N( w York
Ph.hdilphn
\
1(U,
1 i1
^J
*• 122
21, l ( l4
IP>>
17
MM
41
M,57! :
22,00S i
:
2,021 I
2.023
2,025
n. 3 7:-' '
I'M •
J(),.'.«'i<} !
-Wi
2o,030 •
191 '
4,021
20!
6,* C>^<
191
s.j 0
IS s
i.
12.".
r>2
• >2
!•(!
9'>
12"
y|
3
44. t*
KM
in
in
SI s
17 "
127
*)!
U"
10S
79
1
2S
104
7s
'<\
11-»
1 U
'K
(
»7
I (.3
j j", j
12,
i22
Us
11 >
i'i2
])'<
l'ii
Kil
103
mi
122
12")
101
Ml
101
*n,
111 J
i . Mi
493 '
1.5s9
2 7 , r).V>
1..191 j
71
MS ;
239
lt»7
)'i 1
U 2
1'J2* 2 3 - l f ' O
do
s I
6t)
t)9
7>
thous of . i d
ir» ~v>
29, 491
2.01.')
\\020
Us
104
ilh
112
107
ils
ill
302 i
si
10!
101.7 I
18. 8 I
103.3 ;
19.0 j
102.6
80.1 |
46. 1 |
106 I
137 I
86 1
J20 i
115 |
117
81.1
47.7
105
136
89
125
in
122 i
si
71
12.
loo !
88 |
142 |
111
l * f -5
Uo
lit)
I OS
US'
J09
104 I
141 1
118 |
.305
118
119
103
87
105
112
in
in 5
4. M Ji
204
2. iUS
K'S
107
109 I
)23
200
'
1"), . K ,
1,:>91
|
!
!
j
I
i
i
124 !
100 [
122 {
95
87 ;
346 :
305 .
110 I
101
122
11;
100
(
lit, oTO
')
1
1 < 1
5,302 i
204 |
I
S, 13W
192
no
117
117
101 ,
KM
7'*
1,9-tii
204
6,771
4l»J
SI
99
IIS
120
ion •
MS
112
116
1(!O
!29 '<
Ms
i(|S
1, 101 .
200 I
2h, 136 '
2,020
UJ*
110
7b
4,211
199
2,02"; '
23,6<>6
103 «
J7 i
105
i in
Itjf
Ml
:'9,6ss
7" s
S()
'in
M Louis
San I rancisco§ .
i
n
d
d
i
j
)
t
s
ioieJrislalJ.nrvnt sales, Ni\\ Vn\:
perci VI of t o t ,J vtJ, s
3,479
201
It. ' -
i,h
15
!(»(»
115
j •j j
9, ii!2 '
204
1 (,">S7
SO
1
4,ssl
202
2 021
3, 2 J i
190
is 3 P
«>l
s7
r
2,92h
199
,9J
<,1 t
'1 '
77
107
i ~"\)
J", ><
s, 02s •
201 '
1. "w^
21
1,575
l_s
•jsf(',,;( ;
' !')>
SS (.
!7 3
do
do
do
s 7"n
!9 ',
1 f.lii
t,O'S
20'2 '
105
138
124
103
124
124
99
87
105
i"
j
!
i
!
j
;
!
!
j..
17.8 1
79.4
46. 2
100
134
S2
119
105
110
L.
:
I
I
'
'
!
:
40. 1
' 79
102
93
SI
9s j
81 ;
92
;
104 |~
334 :
123 ;
107 ;
115
102
83
100
' 115
MS
3 31
317
132
13:
7
!
!
'
|
I-
12. 7
II S
M o f b , t o t JI U S , e n d of in ) n t h
( n idjustcd
VdjuMed
M nl o n k r and ston s a k\s.
Tot il sales, 2 companies
Montgomery Ward <k Co
Se irs Roebuck & Co
UO
do
si
57, v 0 ^
s 7 . 7if>
1 ! I, (i22
1 ) (! 7 2
101,512
42, t.92
»"x, s20
o*>
73
s3
;s
127.
93S
51, t.13
7ii
f i ' C
«*_»»•
73,321
,
70, ,s50 '
S3, 10«> '
33. 495 •
S3, >32
33 >4
in,
49.971
'
lu, 992
^73
133. 7 s 7
5S, Ot'S
75, 719
it, ^<l6
1, 4S5
fl, 3SJ
1
(
145.359 • l.'.l.i") i
121. i7*
60,520 • 52, S72 ' i s , 3i >;
S1.S39 i "i\5»;,s
72. *71
{ u r - d s>l< i of p e lei d m e r c h ' - t n ii e
To*1 I L S , unadjusted
1929 {1 = 100
I asi
rtoiii h
Middle West
^ I ar \\ est
Tiji'i] U. S., adjusted
I i-t
Eolith
Middle West
do
do
uo
(J,.
do
do
Uo
do
do
1 i r \ \ ost
170 7
!s6 n
I M '«
1)^-5
r * 7
2Us 7
2 . •* J
JV) (1
}s5 s
211 1
119
120
121
110
1
4
2
2
1 , . J
1 i*i 7
I'l.-y S
117 7
li»3. 5 '
127 s
1 sM 0
MS 1
111 '*
1 »' «) 7
no >
1 16 0
151 1
HiN 1
H i '•
ih1 1
!5s ?
179. J '
1'33. 7
UO. 9 .
Jl2.0
i|)7 1
•>')7 9
)3>. 3
165 9
122 0
1; <*•. U
133.9
Io4 5
fMi.u
1.17.1'
25C). 2
1T.S 3
210. tl
245.2
116 1
112.3
139.0
102,3
110 5
145.7
128. U
iOL*
UO 3
HI 1
150. s
Mo ;
370.:?
125 5
17s.:
1.5"> 0
175.7 ,
133,. 7 '
177 4
!.N 7
153 s
],-)(! 2
150. 3
150. 1
1H\!I
>3S '2
130 7
i3s 5
160. 5
117. 7
K'S. 1
MS. 9
154 2
177.S
132, 8
l«'»s. 1
,
i
,
;
15i 7 !
163 4 •
176.6
139. 7
1 16 7
lt)5 1
171 4
200. 5
149. ti
161.3
MS. 5
15s. 2
3 67. U
1 11. 3
132.9 '
lnl.S .
172.(1
196.9
1.V2.4 '
147. 9 '
Ms 7 '
16 i • j
j r . <i
M3
113
16;.
177.
203
4
2
7
1 '
Hi 9
150. 7
i2:«.:
15l' :
Y-'>\.
121). 1
13! 1
177 '
'Jll' :
197.1
K>>.i
]I,I) ;
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Employment estimates, unadjusted (I". S. D
partment of Labor):*
< 'ivil jioniuTieulUir.-ii employ meni, total
l
d
Kuiplo>ce.s in noiMiU'icultural »
intents, total
.
th
Manufacturing
Mininjr
Construction
r I
l r<iijS])ort:iiion and pubiu u'ili^
'VTA*\O
I'inanciai, si-rvicc. and mN( . .
(iovennnent
Miliiary and thi\ ni forces . . .
39, 542
35,902
3<>. ;,2s '
i
3:>, 399
12, 1 16
901
6, 543
4.31.1
4, Pis
1.1)44
29,759 ,
30, K >3
-s39
1.413 ,
3, Osl '
«>, K)8 !
l,22ti '
3,839 i
519 I
I
:jiv. st"<7 ^ ;>»., 9s{,
36, W21
3u. 92s
30,478
10,797
852
1,623
30, 7S5
10, 9S2
851
1,»',7H
37.676 ! 3S, ;U'/>
I
!
30,3S5
30.721 ,
10, 179 i
S16 ]
1,511 .
3, 120 ,
3, 121 i
t», 362
6,321
1,255
4. 1S7
3.S53
3, s?ti
733 !
631
30,843
m
i«; i
1,709 i
3, 0t)5
3,
0o5 i
6, 433 !
4,167 •
3, ssi ,
s22
855
1,720
3,039 ,
!
ti, S* 1 j
4, ISO .
;;,9:u !
s,s} ,
3,012
6, 165
" '\
4, 112 !
3,s>7
95S
3.02s
6,173 •
4, u u
3, 900
1. 115
31,533 ,
11,370 [
564
33,084
11. 1V2
st;i
3. 05()
6. 259
4. JS7
3,935
1.313
j
•
•
!
3. 113
6, 4<".:i
4,205
3, 9s3
1,51')
32, 1(»3
1J.537
stii> i
J.7S2
3, 1S5 ,
6.421 ,
4, 327
4. (Mil
1,662
< 3 1 ;. 13s
' 1 ;."w."i
s7t)
'.Ml.
3, 2:'9
»', 530
4,353 •
4,126 '
l,7ld
t- J'reliminary.
§Inde\e> -ire in j
of rev i.sion.
[Revised series
Indexes of department-stor
i n A l l a m a a n d M iunea]M)ii.- d i ^ i r u - l s r e \ i h e d We aninu 1919, itiKi Cl.icu'.M; hes inniiu 1923, f(>r Atlanta, S"( table 53
p. 16 of the December 1910 Survey; for Minneapol'is, t a l ) ] e 2 0 . p . 1S(,1 t h e M a y 1911 S u r v e y ; r e v i s e d C h i c a g o lata will appear in a subsequent i.^ue. For revisions in adjusted
index of United ,°,t:Uos departnu-nt-store sile.s for 9 3 5 - 3 9 , s e e n o t e m a r k e d w i t h a " i " o n ]<. 25 of t h e J a n u : ry 1941 Survey.
"*N<uv series. Indrve^ f,f dep-nlmenl-sinre ie ei\al.l<-> a r c a \ a i l - i ! i l e o n l > b » " j : n m n ( j Iniiu;»r> 1910- 19H) l;tta not ;hov\ n abovi- aie available on p. S 7 of the Sept'-n b e i91'
For emplov nu^nt e-i uu-^es In uiniiihu 1 •:\K M e l a b h - 1 1 . p p 17 s n i d i s o( i h e M ; u v h " l « M ! S u r \ e . . except lor lotal « niplov ment, total employees in noimiM icuiturai
,
py
', w h i - h \ \ e : e rex i^ed u> i n c l u d ' 1 i T f - h m i n a r v a d ^ u ^ i i i K - n
^, and
3 C
d
iactorv wa (i e-earn: i r
miates to 1939 Census data, lu-v i
i-iii ii 1 l a b l e 2 2 , p . 20 ,
i i t i j ^ l 1911 S u r \
S-8
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1941
1940
August
1941
j Xovem- Decem- i Janui ber
ber i ary
February
March
April
May
Tune
| July
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
i
E m p l o y m e n t estimates, adjusted (Fed. Res.):* j
Civil nonagricultural employment, total
j
37, 787
37, 724
37, 772
36,324 ! 36,827 | 37,460
37,571
38, 243
18,680 ; '39,273
t h o u s a n d s . . ! 39,338
35, 747
35, 936
Employees in nonagricultural establish31, 644
30,684
31,317
29, 604
32,100
32, 537
30,181
31,428
29, 793
ments, total
thousands-33,195
31, 581
31, 629
33,130
11,045
10, 899
11,545 rll,843 '12,211
10, 477
10, 698
11,021
11,108
11.316
10,160
Manufacturing
..
do
12,162
10, 280
846
837
855
572
877
835
833
849
Mining
.
do
927
'914
862
849
889
2,132
1,933
1, 859
1,974
1, 256
1,698
1,490
1,669
2.014
1,318
Construction
. . _ -do
1,666
' 1. 668
1,644
3,105
3,133
3,087
3,064
3, 058
3, 059
3,192
3,053
3, 053
3,077
Transportation a n d public utilities.do-..3,299
' 3, 2G4
3,220
6,351 ,
6,474
6,333
6,437
6,449
6,289
6, 341
6,298
'6.614
6, 282
6, 285
Trade
do
j 6, 664
6,536
Manufacturing, unadjusted (U. S. Department I
I
l
116.2
j
124.9
113.8
114.7
117.8
119.9
127. 8
107.
4
122.6
' 130. 6
111.4
115.5
of Labor) t
1923-25 = 100 - - j 132.5
123. 7 j
108.2
112.8 I 115. 5
117.6 ' 118.3 1 121.0
' 137.9
102.4
135.1
Durable goodsf
do
j 137. 9
Iron and steel and their products, not in- ;
119.3
121.6 j
122.2 125.0 j
127.2 !
'132.9
' 138. 3
110.7
113. 6
eluding machinery
1923-25=100 .| 140.1
Blast furnaces, steel works, and rolling j
125. 2
127.3
129.5
135.0 I 137.4
144.0 i ' 147.2
122.1
140. 6
131.3
133.3
123.2
mills
1923-25 = 100.149.3
118.3 j r 114. 2
101.2
105.3
112.5
112.8
114.9
95.8
116.7
109.0
117.1
116.6
Hardware
do
117. 7
Structural and ornamental metal work
90.4
102.
3
86.5
93.
5
95.9
97.2
79.9
83.4
85.6
99.1
' 107. 3
105.5
1923-25=100-109.3
r
98.9
108.1
' 120. 5
100. 2
101.8
104.1
107.1
105.2
101.4
109.5
' 138.8
135. 0
Tin cans and other tinware
do
144.4
73.7
74.4
71.3
72.0
72.6
73.4
74.4
73.8
71.3
74.7
76.9
'79.7
Lumber and allied products
do
81.1
97.4
97.0
93.7
95. 8
96.7
96.8
97.6
91.0
94.6
100.1
103.8
' 105.6
Furniture
do
j 108. 2
64.7
66.1
62.5
62.9
63.7
66. 6
65.2
64.9
65. 7
67.2
'70.2
66.3
Lumber, sawmills
.-.-do
j 70.9
136.1
131.2
139.8
147.7
127.3
143. 5
156.2
119.2
' 172. 6
123.1
' 168. 0
Machinery, excl. transp. equipment-do
j 175.4
' 162.5
Agricultural implements (including trac- j
144. 2
136. 6
134.9
143.2
149.6
132. 6
131.2
168.5
133.5
171.8
r 171.4
tors)
1923-25=100.-! 172.0
170.7
Electrical machinery, apparatus, and
125. 8
129.4
136. 4
141.5
106.6
111.2
116. 1
120.6
147.3
158. 5
r 163. 6
supplies
1923-25=100-167.7
154.0
Engines, turbines, water wheels, and
222.4
236. 3
200. 5
210.5
257.2
176.0
247.6
183.4
191.6
285. 5
' 297. 8
windmills
1923-25= 100- - 313.9
' 271.5
117.4
120.0
110.1
114.1
130.0
100.5
103. 4
106.7
139. 7
' 143. 3
Foundry and machine-shop products, do
143. 7
123.6
134. 9
285.8
297.2
265. 9
276.0
'316.7
237.5
257. 9
248.0
'338. 5
r 346. 0
Machine tools*
do
351.4
307.1
' 327.4
147.5
144.8
159.4
158.5
158.5
157.1
163. 6
159.5
180. 7
' 188. 7
Radios and phonographs
do
199.0
149.1
173.7
131.1
134.7
129. 9
131.2
138.7
126.1
119.8
' 141.9
' 143. 5
113.8
Metals, nonferrous, and products
do
145,1
' 137.0
139.9
171.6
176.0
162. 4
168.1
182.6
138.2
154.9
146.6
' 189. 5
r 189. 7
Brass, bronze, and copper products-do
193. 3
180.5
r
' 184.3
85.9
86.9
88.6
88.7
93. 0
87.5
84.5
85.8
97.1
99. 6
Stone, clay, and glass products
do
101.5
89.7
95.6
64.8
64.1
64.8
65. 2
69.2
64.4
65.0
64.7
77.6
' 74.7
Brick, tile, and terra cotta
do
79.0
65.4
72.7
114.4
115.8
117.0
116.8
121.8
113.2
106.9
109. 3
' 127.9
' 125.5
Glass
do
131.0
119.5
124.0
152. 6
157. 2
146.0
149.2
166. 4
139. 5
' 105. 0
126.9
' 177. 8 r 179. 2
Transportation e q u i p m e n t ! - - - - - do
168.1
161.2
' 171.7 •6,733.8 7, 280. 0
i, 344. 0 5, 563. 7 5, 929. 2
Aircraft*
.
do
7,983.9 3, 478. 6 3, 764. 3 1,115.9 4, 402. 3 4, 684.1 5, 037. 7
128.5
130.1
129.8
130. 2
132.4 6,305.1
125.1
85.5
112.2
'127.3
Automobiles
do
106.0
••134.8
131.5
134.1
240. 3
256.6
204. 1
221.0
294.4
197.4
' 368. 9
188.1
181.1
Shipbuilding*...
do
376. 5
' 334. 5
272.4
' 308.1
112.7
114.7
113.9
114.8
117.8
114.8
' 123. 7
112.2
114.4
'121.0
Nondurable goods!
do
127.4
116.3
118.8
Chemical, petroleum, a n d coal products
125. 3
127.8
119.4
125.6
125.8
126.0
130.7
134. 7
134.3 !
123.0
135. 8
' 138.3
1923-25=100..
141.2
145. 6
155.1
141.6
148.0
149. 9
152. 0
159.3
162.4
143. 4
166.8 |
172.1
'175.8
Chemicals
do
| 180.4
128.6
125. 1
125.9
126.0
126.3
132.9
137.4
126.1
141.4 !
144.8
123. 5
' 145. 5
Paints and varnishes
do
j 144.4
119.2
121.2
120.7
119.8
119.1
119.5
120.5
122.0 j ' 125. 2 ' 127.4
122. 7
122.6
Petroleum refining
do
128.0
311.0
311.1
314.5
315.1
313.5
312.2
317.9
307.7
311.7
323.5 ! 327.0
' 324.4
Rayon and allied products.
do
329.3
!
119.1
141.3
132.5
130.5
121.4
120.3
123.6
135. 0
' 144.5
147.4
'127.4 i
Food and kindred products
do
] 58.2 ' 145. 7
142.9
145. 9
145. 5
144.1
140.5
145.0
146.5
152.2
146. 6
149.0 I
146.6
r 150. 2
Baking
d0 . . . .
153.2
110.6
120. 3
109. 6
116.2
125.0
116.3
110.7
110.2
116.8 !
106. 8
103.0
' 118.5
Slaughtering and meat packing
do
117.1
98. 1
87.0
90.6
93.4
96.9
98.7
90.0
98.0
95.5 |
90.8
92. 0
' 101.0
Leather and its manufactures
do
! 101.0
94.9
84.1
88.0
91.4
88.4
95.0
97.0
95.8
91.1
93.0 !
89.7
'98.1
Boots and shoes
do
98.3
118.5
119.5
116.7
115.2
117.6
117.1
118.1
119.4
120.8 ! r 121.6
' 123. 0
116.2 |
Paper and p r i n t i n g . . .
do
123.6
115.7
115.9
115.7
116.9
115.1
117.3
118.5
120.3
124.6
122.7
116.7
Paper and pulp
do
127.9
r 126. 0
85.9
94.4
97. 5
98.8
110.7
92. 6
100.7
102. S
105.0
106.4
89.4
Rubber products
do
ill. 7
'111.4
70.5
75.2
76.9
77.9
86.3
73. 9
78.6
80.0
82.3
83.3 i
72.6
Rubber tires and inner tubes
do
86.4
'87.4
99.7
105. 5
107. 0
106.4
104. 5
110.1
111.6
112. 1
'112.5 | ' 112.6 ' 113.2
102. 6
Textiles and their products!
do....
115.6
r
90.4
98.7
100. 4
99.7
106.2
96. 1
101.7
102.7
103.7
105.1 !
92.8
107.0
Fabrics!
do
106. 8
116.7
116.2
117.2
116.8
118.9
124.2
127.2
126. 2
'124.2 i ' 121.9
120. 7
r 122. 3
Wearing apparel
do
130. 3
r
64. 4
66.8
65. 6
60.8
65.5
66.5
65. 8
63.7
63.3
64.9 i
63.5
65. 4
Tobacco manufactures
do
65. 5
r
107.4
114.2
116.6
118.3
128.7
111.4
108.9
118.6
119.4
133. 3
'124.9 '
122.0
Manufacturing, adjusted (Fed. Res.)t
do
132. 7
r
104. 3
134.0
114.6
117.5
121.1
111.2
141.0
107. 4
122. 1
123.0
'129.5 I
126.3
Durable goodsf
do . . 140.6
Iron and steel and their products, not in118.9
116.1
122.4
124.8 |
125.5
126.2
128.3
111.1
112.9
'132.0 ; 136. 1 r 139.7
cluding machinery
1923-25 = 100 ._
140. 5
Blast furnaces, steel works, a n d rolling
125 I
123
127
133 ;
133
145
149
133
136 !
140
123
130
mills
.
1923-25 = 100-.!
150
r
105 I
109
118 ;
113
116
115 j
115
114
98
102 J
|
116 1
Hardware
do
121
Structural and ornamental metal work
84
78
96 i
103
104
86
91
100
100
101 i
' 105
81 !
1923-25 = 100-106
99
109
98
103
112
113
113
125 j
132
104
' 131
96 j
Tin cans and other tinware
do
1
131
76.3
I
71.3
74.2
69.0
75.5
74.0
75.9
73.
6
75.2
79.0
70.6
'74.
6
i
Lumber and allied products
,
do
|
78. 4
97
101
91
90
91
93
98
106
96
98
108
104 '
Furniture
do
j
107
68
64
66
64
62
67
65
65
|
67
65
68
'64
I
Lumber, sawmills
.
do
j
68
141.2
122.5
126. 6
120. 0
167.5
136.0
155.8 I
Machinery, excl. transp. e q u i p . . .
do
i 176.6
130.9
144. 2
148.1
'161.5
I
'
173.
2
Agricultural implements (including trac- |
143
139
147
170
143
158
141
tors)
.
1923-25 = 100.-!
182
140
140
166
1
'
1
7
5
126
j
Electrical machinery, apparatus, and sup- j
131 I
111
plies
1923-25 = 100.-1
169
126 I
120 I
153 I
137
' 164
142
Engines, turbines, w^ater wheels, and I
182
197
243
176
237 j
245
259
218 !
windmills
1923-25 = 100..
314
211
239
' 293
I
F o u n d r y and machine-shop products
I
107
129
118 I
124
140
103
101
133
144
114 j
1923-25=100-144
110
120
257
286
I
335
:
247
324
349
304
315
247
Machine tools*
do
366
134
265
155 j
184 !
145
296
191
150
178
189
197
138
Radios and phonographs
do
184
142
133.3 j
144. 1 ! ' 148.3
165
122. 3
136.2
115.7
129.4 i
' 138. 9 ' 140. 7
118.6
Metals, nonferrous, and products
do
147.5
126.3
173 I 135.1
153
191
193
140
168 j
183
181
179
147
Brass, bronze, and copper products-do
195
r
162
94.6
176
92.3
84.7
93.7
98.6
81.8
90.4 I
92.3
92.1
83.0
Stone, clay, and glass products
do
98. 5
88.4
75
92.9
69
60
61
69
73
68
70
71
61
Brick, tile, and terra cotta
do
73
65
120
74
107
112
124
117
131
118
121 r 122
109
Glass
do-... I
131
117
150. 4
116
140.2
154.1
174.1
120.9
158.8
145. 6
164. 5
' 196. 4
130.2
Transportation e q u i p m e n t !
do
! 188. 2
143.9
5, 089
152.9
4,243
3,479
4,731
5,509
6, 515
5, 813 • 6,107
' 7. 208
3,881 |
Aircraft*
do
7,984
4, 447
123
5,398
125
131
107
124
'150
' 128
123
125
Automobiles
do
133
127
244
i
123
195
338
'380
186
'299
220
284
268
187 I
Shipbuilding*
....do.—I
386
204
262
' Revised.
fRevised series. For revised indexes, beginning in 1937 for all industries and nondurable goods, and January 1938 for durable goods, see table 12, p . 18 of the March 1941
Survey. Slight revisions were made in data for textiles and products and fabrics beginning 1933; revisions not shown on pp. 25 and 26 of the M a y 1940 Survey are available
upon request. Index for transportation equipment revised beginning January 1939; see table 57, p . 17 of the December 1940 Survey.
*New series. Adjusted estimates of employment beginning January 1929 will be shown in a subsequent issue. For indexes beginning 1923 for machine tools and shipbuilding, a n d index for 1931 through 1938 for aircraft, see tables 39 and 40, p p . 15 and 16 of the October 1940 Survey; for aircraft indexes (revised) for 1939, see table 57, p . 17 of
the December 1940 Survoy.
S-9
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
August
1940
August
1941
SepI Novem- Decemtember October
ber
her
January
Febru- March
ary
April
May
118.0
' 132. 5
163
135
121
324
132. 5
148
114
95.5
93
119.8
120
103.9
82
' 109.8
103. 3
119.8
65. 0
' 120. 5
' 135. 7
168
Juno
July
EMPLOYMENT CONDITIONS AND WAOEH—Continued
EMPLOYMENT—Continued
|
I
Nondurable g o o d s f . - 1923-25 = 100,..j
Chemical, petroleum, and coal prod._do —__'
C hem icals
d o . . __
J'aint^ and varnishes
do
IVtroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Bak ing
.
do
Slaughtering and meat packing
do
Leather and ils manufactures
do
Boots and shoes
do____
Paper and printing
do
t
M[anufaeturing, adjusted (Fed. Res.)—Cont.f
125.2
144.6
180
147
127
328
139. 8
152
118
97.9
94
124.7
128
113.2
86
117.2
109. 6
129. 4
64.2
110.2
122. 2
141
126
122
306
129.8
146
108
89.1
87
116.4
117
87. 0
71
101, 1
92. 6
116.1
63. 0
110.3
111.5 ' 113.8
122. 9 l 124. 1
121.7
143 ! 147
141
125 I 127
127
121 I 120
121
310 | 311
309 i
126.9
129.9 | 132.4
144 !
144 i 144
109 !
110 j 114
89.9 !
91. 1 93.8
88 '
90
92
115.7
116.1 116.8
117
115
116
89.7
91.6 93.6
73
74 j
75
102.6 I 105.3
101. 9
95. 2
97. 7
93. 5
116.5
114.8 118.0
63. 7
63. 3 03.4
115.7
125.3
151
128
120
314
135.6
144
121
94.3
93
117.3
116
96.8
115.6
126. 5
154
130
120
310
133. 3
143
112
93.3
91
117.1
116
99.0
78
107. 3
98.8
122. 0
66.3
115.2
127.4
157
130
120
306
131.0
145
111
93.2
91
117.2
117
100.4
79
107.1
99.1
120. 5
64.9
115.9
128.1
161
134
121
308
r 131. 3
146
113
94.3
92
118.5
119
102.0
80
107.6
100.4
119.3
64.0
136
123
330
135. 0
149
119
96.8
94
' 121.2
123
' 106. 1
83
112.9
105.9
123.8
65.8
123.6
139. 8
172
140
125
337
137. 1
151
121
101.0
98
122. 9
125
111.8
86
116.1
109. 0
126. 8
65.8
r
126.1
r 142. 4
173
145
' 127
' 326
r
137. 1
' 149
' 119
r
100.2
'97
' 124.8
126
113.0
'87
r
120.1
111.1
' 135.1
'65.7
Paper and pulp
do j
Rubber products
do j
Rubber tires and inner tubes.-----..do
|
Textiles and their products!
do....'
107.'2
Fabric^ . .
do
98.7
Weariim ajiparel
do.._.
121.9
Tobacco manufactures
do
64.7
Manufacturing, unadj., by States and cities:
State:
139. 4
107.7
108.9
Delaware
1923-25 = 100112.2
129. 7
110.2 104.9
108.7
111.4
116.7
124.1
129.4
'134.7
140.3
110.0
112.2
118.4
119.3
120.1
129.6
113.9 116.2
118.9
126.1
133.1
136. 6
Illiiioisj
.
1935-39=100..
159,1
137. 3
138. 9
144.8
146.7
144.4
152.3
142. 4
147. 0
151.1
149. 6
154.9
156.6
]i)wa
.
1923-25 = 100..
117.4
122.8
110.5
111.6
119.0
131.9
Maryland
.
1929-31 = 100.. 143.1
116.3
127.4
135. 0
138. 9
113.3 115.3
92. 9
99.1
79.9
82.5
87.0
96.1
Massachusetts
1925-27 = 100..
87.6
90.7
94. 9
97.6
99.1
84.9
85. 3
126. 5
136.4
120.0
Ni>w Jersey
1923-25 = 100...
111.3
115.4
132.3
120. 5
123.1
129.2
135. 3
137. 6
116.6
118.0
110.1
103.5
122.8
X< • w York
„
1925-27 = 100
93.3
97.2
113.8
103.6
107.2
112.0
115.9
118.4
99.7
101.0
116.6
Obiot
.1935-39 = 100..
104.4
108.1
129.0
114.8
120.0
123.0
125.9
131.8
134.6
111.0
112.9
96.2
100.0
104.4
Pennsylvania
. . . . 1923-25 = 100..
110.1
89.6
91. 3
96.4
98.3
102.6
106.7 ' 108.8
93. 9 95.2
107.3
109.4
118.7
100.2
107.6
107.0
116.3
121.7
Wisconsin!
1925-27 = 10097.0
122.4
104. 2
105. 2
124.7
<"ity or industrial area:
113.5
116.4
108.0
108.8
129.9
Baltimore
......1929-31 = 100..
110.3 111.7
113.1
125.1
121.1
132.9
' 137.3
141.7
118.7
117.6
108. 7
110.9
113.2 115.9
128.1
119.3
124.5
138.1
116.8
130.8
135.8
Chicago! 1935-39 = 100..
112.4
114.1
101.3
103.7
107.8
109.4
125.3
132.7
110,0
121. 7
Cleveland
.
- - - 1 9 2 3 - 2 5 = 100..
117.4
128. 5
130.1
123.0
122.1
116.0
93.4
111.6
123.8
Detroit
.
do
120. 2
122. 0
120.3
121. 5
122. 5
119.6
96.0
135.4
115.3
119.0
Milwaukee
. . . . 1925-27= 100..
101.4
105. 5
128.3
125.3
110.5 111.2
113.7
120.9
131.3
130.2
121.5
New York
do
104.8
109.9
97.1
101.6
113.5
102. 5
102. 5
114.1
103.0
112.8
112.8
114.3
112.0
96.7
99.4
87.9
91.1
106.7
Philadelphia
1923-25=10093. 7
95. 7
103.6
97.1
101.3
109.1
'110.5
116.7
101.6
103.9
PitHburgh . . .
.
do
93.1
94.0
109.9
96.6
98. 4
108.3
100. 1
104. 9
112.9
••115.6
121.2
102.3
103.
4
Wilmington.
do
90.6
93.4
95. 7
116.5
113.5
99.6
117.1
107.1
' 120.0
Nonmfg., unadj. (U. S. Dept. of Labor):
Miniim:
Anthracite
-1929 = 100...
49.9
49.4 50.4
49.8
50.8
50.3
50.6
50.2
48. 6
50.0
49.3
49.2
87.7
90.1
90.6
13it uminous coal
—do
86.6
89.2 89.8
90.2
91.1
23.5
92.5
'87.9
' 90. 3
88.1
72.5
72.2
73.4
Metalliferous
... — do
80.0
71.5
72. 6
72. 5
72.5
74.3
77.1
77. 2
78.7
78.9
63.0
60.7
60.5
Crude petroleum producing
do
62.4
63.6
60. 5
60.2
62. 4
61. 3
60.4
60.1
61.8
61.7
48.9
45.4
42.4
54.1
Quarrying and nonmetallic
—do
48.5
41.7
44.2
48.8
47. 2
51.0
48. 2
52.8
51.9
i
Public utilities:
90.5
92.7
93.0
92.3 91.8
91. 3
90. 1
90.3
92.2
Electric light and powerf
do
95.3
91.3
94. 9
93. 5
68.3
68.0
Street railways and busesf
do
68.5
68.
7
68.
7
69.6
69.4
68.9
69.1
68.4
68.4
68.2
68.3
80.4
80.9
79. 1
79. 2
78.9
89,1
Telephone and telegrapht
do
88.6
86.3
84.6
79.7
83.2
79.0
81.8
Services:
110.0
101.4
106.7
109.4 j 106.0
103.3
104.4
117.2
120.6
Dyeing and cleaning
do
101. 0
118. 5
122.9
121.1
101.1
102.8
101.9
100.2 I 99.7
100.3
102.5
104. 9
Laundries. . . -.
do
101.4
108.3
114.6
' 112.0
115.5
93.4 !
92.3 92.6
93.9
90.3
92.9
94.2
95.2
Year-round hotels..
do
91.6
96.3
94.8
' 95. 0
94.0
Trad.-:
88.7
92,8
94.3 |
96.3 108.1
90.5
Retail, total!
.
do . . .
90.7
92. 5
96.4
97.8
96.1
'97.8
96. 7
(General merchandising!
do
90.1
99.4
94.0
152.2
92.9
108.7
102.5
101. 5
' 105.1
100. 9
103.5 I 111.4
96.6
90.1
90.9
91.2
W holesale..
.
do
91.4
92. 5
92.4
92.2
95.7
'93.8
93. 8
91.0 i 91.8
91.8
Miscellaneous employment data:
!
122.4
129.3 | 121. 1
Construction Ohiof1935-39=100..
114.6
139.8
111.3
116. 8
150.8
116. 0
166. 7
163.0
Federal and State highways, totalt-number..
351, 601 344,025 341, 926 289, 232 220,769 199, 628 184, 042 193, 898 235,876 285, 397 318,436 331,438
172,379 j 172,304 161,252 121,545
Construction (Federal and State)
do
74, 280 55, 455 47, 693 92, 363 87, 038 127, 634 142,185 152, 691
Maintenance (State)
do
137, 703 130, 921 140, 326 128. 499 108, 229 106, 420 99, 503 101, 535 110,912 118,945 134, 896 136, 651
Federal civilian employees:
United States
do
1,039,996 1,059,984 1,091,931 1,114,068 1,184,344 1.153,431 1,173,152 1,202,348 1,251,283 1,306,333 1,370,110 1,391,689
District of Columbia...
.
do
142,899 145,620
' '" "" 149,389 152,538 155, 914 158, 610 161, 862 167,081 172, 876 177, 328 184, 236 185,182
Railway employees (class I steam railways):
1,094
Total' . . ."
thousands..
1,088
1,039
1,081
1, 065
1,051
1,074
1,104
1,148
1, 048
1,179
1, 211
60.1
Indexes: Unadjusted
. . . . 1923-25=100 .
67.6
59.4
59.8
57.0
57. 6
58. 4
57.4
58.8
63.0
00. 5
64.7
66. 5
58.4
Adj listed. _.
do j
57.9
58. 6
59.9
58.0
58.8
59. 4
60.5
62.3
66. 0
63.3
61.0
64. 8
LABOR CONDITIONS
Average weekly hours per worker in factories:
Natl. Ind. Con. Bd. (25 industries)..-hours..
39.9
38.5
40.2 ! 41.0 i
40. 1
41.2 j
40.7
39. 0
41.0
41.3 i 41.7
39. 6
U. S. Dcpt. of Labor (90 industries)... do
38.4
39.3
40.0 j
39.0 |
40.4 |
39.8
40.0
41.3 |
40.3
38.8
38. 6
40.8 !
Industrial disputes (strikes and lockouts):
267
Beginning in month
number..
231
253
207
252 j
147
'332 i
231 j
'436
'371
'325!
419
In progress during month
do
394
394
v 740
373
'479 |
' 547
'612
' 514 |
277
340 ; ' 3 7 6 |
Workers involved in strikes:
r 324
62
65
v 190
43
Beginning in month
thousands..
116
'92 |
509
' 139 j v 140
r 418
108
108
102
P290
In progress during month.......
do
62
109 !
176
'218
P 235
563
915
v 1,825
740
Man-days idle during month
.
do
458
781
' 660 |
j ' 1,130 I 1, 552 ' 7 090 '2 161 ' 1, 448 1,300
Employment security operations (Soc. Sec. Bd.):
Placement activities:
Applications:
4,911
4,619 i 4, 568
5,211
A ct i vefile
thous an ds.. 4, 699
4, 759
5,093 ; 5,101
5,170 I
5,156
' 4, 982
5, 097
5, 126
New and renewed
——do
1, 446
1, 274
1, 207
1,391
1, 333
1,495
1,816 I • 1, 373
1,606 I
1,539
1, 623
1, 597
1, 825
Placements, total
do
510
407
365
331
353
363 :
344
443
500
378
376 !
471
499
Unemployment compensation activities:
Continued claims
thousands. _ 3,045
3, 622
5,881
4,008 ! 4,931
4,047 j 3,738 |
4, 270
3,914
4,258 | 4,006
3,576 ' 3, 623
Benefit payments:
Individuals receiving payments § do..—
572
1,125
698 I
875
676
667 |
826 j
806
762 !
590
659
684
611
Amount of payments
thous. of doL. 26,483
36, 594 32,231 ! 29,561
51,695
30,886 I 39,270 ! 34,611
33,608 ( 26, 998
31, 574 ' 30,555
29, 293
3
' Revised.
Preliminary.
§Data are a weekly averag
fRevised series. For revis:
other indicated
nonmanufactur:
. .
^
_ . _ _ _ . _ . .
_e
w
o
which wrere subsequently revised as shown in table 27, p. 17 of the May 1940 issue. For revisions in Illinois and Chicago indexes, see note marked with a " t " on p. 29 of
the January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 72 of the February 1941 Survey will appear in an early issue. Earlier
monthly data on indexes beginning 1923 for Ohio factory and construction employment revised to 1935-39 base will be shown in a subsequent issue.
ITotal includes State engineering, supervisory, and administrative employees not shown separately; see note on p. 27 of the May 1941 Survey.
l
SURVEY OF CURRENT BUSINESS
S-10
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
October 1011
1941
1940
August
p
tember
October I Nov
ber
December
January
February
March
April
May
Julv
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Labor turn-over in mfg. establishments:
Accession rate...mo. rate per 100 employe
Separation rate, total
.
.do.
Discharges
do
Lay-offs
.1.)
Quits and miscellaneous
do .
6.63 !
3.00 !
16 |
1.63 1
1.21 :
6.21
3.22 }
.16
1.48
1.58 '
5.52
3!23 ;
19 1
l!53 :
1.51
4.65 ;
3.06 |
.18 1
1.60 !
1.28 ;
4.11 ;
3.16 1
.16 i
1.86 ;
1.14
5.54 :
3.41 •
4.92
3.15
18 :
62
3.40 i
21
L 06 i
2.13 ;
.19
1.61
1.62
1.20
1.70
6.04
3.89
25
l!19
2 45
!
5.95
3.86
.24
1.08
2,54
j
i
i
|
|
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'
6.31
;
0(
A,
3.71 ;
. 26 I
1.03
2 42 '
i.4(
2
PAY BOLLS
Manufacturing, unadjusted (U. S. Department
157.0
of Labor) t
1923-25 = 100
J75 ii
Durable goodst
-do
Iron and steel and their products, not including machinery
1923-25=100
Blast furnaces, steel works, and rolling
mills
1923 - 25 = 10 o
Hardware
do
Structural and ornamental metal work
1923-25- 100
121..1
Tin cans and other tinware
do
1S2 0
Lumber and allied products
do
W2 9
Furniture
do
Lumber, sawmills
do
Machinery, excl. transp. e q u i p . . . .
Agricultural implements (includin; traetors)
1923 -25 =• 100
227 U
Electrical machinery, a p p a r a t u s and
supplies
1923- 25 =-100
240 I
Engines, turbines, water wheels and
windmills
1923-25 = 100 :
522.7
Foundry and machine-shop products
1923-25=100
ISO. 9
:
Machine tools*
do _
550. 3
Radios and phonographs
do . .
231.4
Metals, nonferrous, and products
do .
is.i.2
Brass, bronze, and copper products-do . . :
Stone, clay, and glass products--.
do ...
;
Tot' 5
Brick, tile, and terra cotta
do
Glass
do .,
155'(i
Transportation equipmentf -..
... do . .
220.3
Aircraft*
..
do
^'0,041. 8
Automobiles
do . . .
133,8
Shipbuilding *
.
. _ do.....
593. 3
Nondurable goodst
_...do ..
135.9
Chemical, petroleum, and coal products
1923-25=100..;
Chemicals
do.....;
246, 8
171.3
Paints and varnishes
do
158. 5
Petroleum refining
do ..
308. 2
Rayon and allied products.
do ... ..
164.7
Food and kindred products
do.....'
155.5
Baking
_.do
J
142.2
Slaughtering and meat packing ... do __.j
105. 0
Leather and its manufactures
do
;
101.0
Boots and shoes
...._do
Paper and printing
.do ... _ j 130. 6
Paper and pulp
_ _ , do . . . .: 163. 4
138, 1
Rubber products
.. do . . _ :
Rubber tires and inner tubes.
do . .
Textiles and their products! . . . . .
do
. i 119.3
111. 0
Fabrics!
- . .do
:
122. 4
Wearing apparel
do
I
09. 9
Tobacco manufactures
do . . .
Manufacturing:, unadj., by States and cities:
StateDelaware
.1023-25-100
Illinois!
1935-39-100
Maryland
. .
.
1929-31-100 .
Massachusetts. . .
_
1925-27-100
lie. w
New Jersey. .
_
.1923 25-100
172. 1
Xew York" __
. ...1925 27-100 '
!
Ohm"
1>31 i>» - 10')
Pennsylvania
.
.1923 21-100
Ml 0
WisoorHnt
1921 27- 100
J-,3. S
Citv or industrial area:
Baltimore
.
1029 31 -loo
"12 "
Chic mot
.
1935 s» =K'(i
\; 1 s
Milwaukee
1925-27-100
109.7
New York
. .
d"
l.'l 3
Philadelphia
1923-25- 100
1 V.i 3
Pittsburgh
.
do
1 II. !
Wilmington
.
do
140 7
Vomnfg. unadj. (V S. D« pt. of 1/ibors
Vntlira -\W
.
. .
192u- loo
Bituminous coal . . .
. . do
Metalliferous . .
.
. do
Crude petroleum producing .
.
do
<)iruT\ in'i and nonmetnllio
do
Public utilities;
Electric light and pouert
.
do
Street railways and busest
.
do
Telephone and telegrapht
.do...
r
51 i
111 4
Sti 5
hi. 3
59 5
11 \ 3
77. 8
1 Jo. e,
105.5 •
106.5 j
i
<• 113.6 i
i
124.8 !
106.5 I
72.9 '
121.9
68.3
81.7
62. 2
' 131. 1
i52.o;
111.6
115. 1
116.2
123.4
116.4
125. 1
122.4
131.6
120.7
132.0
126.8
139.2
131.2
144.6
128.2
] 13. 5
131.0
118.8
134,6
122.3
142.1
128.4
139.9
130. 4
145,4
134. 8
149.0
138.1
74.8
116.8
71.2
87.4
63.8
137.9
79. 6
113.1
73. 7
91.3
05. 1
145.3
78. 7
104.1
70. 9
90.4
60. 9
149.3
86. 0
113. 1
93.8
115.7
70.6
90,0
60.5
176.8
97.1
121.8
72.8
93. 9
62.7
186.2
JO? 4
127 }
92. 6
60. 4
163.0
89. 4
114.8
68. 1
84.2
59.2
167. 5
156.2
15s. 8
160.4
171.3
180.9
174.2
162.0
2J> 6
126. 6
39-J.2
163.6
149.6
218.9
85. 7
128.7
414. 5
144. 9
146. 0
220. 2
79. 6
54. 6
131.0
139. 3
176. 2
135.8
136,2
322. 6
134.2
139. 2
115.8
73.4
09. 1
115.2
123. 8
99. 5
86. 6
93 2
89,5
H4.S
66. 5
139. 7
181. 7
135, 7
133. 3
331.4
128. 8
138.3
118.9
68. 5
62. 5
115.4
123.8
102. 0
89. 7
92.3
90, 9
89. 5
108. 7
128.0
141.3
84.5
123. 3
100. 5
.132. 5
105. 3
129.4 ;
145. 1
83.9
124.9
101.5 ;
J35. 1 I
96. 8
122. 1
116.9
137.3
150.2
91. 2
134.8
.108.2
142.8
102. 2
12S. 0
98. ,s.
98. 0
103.8
03. 9
147.0
128.5
126.6
97. 6
100. 1
105.4 j
94.9 I
151.9
136.9
131.3
101.3
100.3 I
113. 1 <
105.8
39 3
v
1 2
W) 5
32. 3
S3. 6
71.4
37. 0
84.5
69. 8
105 8 ;
71.5
101.8
1fIT. 0
70. 7
102 2
106.9
70. 3
103. 2
138. 2
170. 9
135. 6
J 39. 3
124 4
13* 0
10\ 1
70. 1
100. 4
331.6
355. 4
155. 7
141.7
201.9
82.0
54.0
130.8
166. 1
.,012.9
J 50. 5
237. 8
106. 0
I On 6
120 8
133 7
08 I
59 0
304.8
352. 3
164.3
136.3
190.0
83.0
55. 1
129.8
163.3
4. 639. 4
149. 2
244. 3
108. 1
138.5
140.8
112.6
74. 6
72. 0
113.4
124,2
95.7
84. 6
92 6
84.8
102. 5
65, 9
'»»» 0
sfi 1
1' }
' 1 "2
' 172 1
121 2
9S
12')
01
111
2
1
9
:
1 ;o 3
12 i 5
Ml 2
101 6
Ms 0
119' 4
142.9
120. 0
1 ) 2
i-») 1
7^ 0
112 7
ft, 4
1«7 4
i.Wh 4
r>i\. 8
137.(1
169.2
5, 356. 3
145.0
287. 7
112. 1
176. 2
j, 919, 7
147.7
307. 6
108. 1
144.2
187.9
138.7;
139.0 !
334. 4
132.4
137.7 :
137.3
78. 5 ;
12o! 8 i
128.5 !
111.1
96. 4 i
97.6 I
95.6 !
95.6 :
67.4
347.0 :
130. 1
143. 6
444.7
M71.5
146.4
157.2
151.2
155.1
224. 5
236. 7
82.0
85. 2
54. 8
56. 1
135.3
140.5
190.8
197.2
6,440.6 ; 6, 678. 3
159.3 i
163. 1
338, 1 ! 365. 0
112.9 ;
116.3
142. 1
iss. 2
137 4 '
132.2 :
335. 9
120.2
134.5
119,7
&3. 3
so. 1
115 4
127.5
111.0
97. <>
U" 1
03. 1
<>3 2
144.2
193.9 ;
141.7 i
132. 1
327.6 :
119.6 ;
137.8 i
113.5 :
91.5
88.9 :
117. !
132.5
115.3 ;
99.7 :
103.9
98. 5 ;
108. 1 :
61.7 ;
215 3
r
378.6
r
148. 1
201.7
147.4 !
133.4 i
332.9 i
122.4 i
140.0 l
114.2 ;
96. 1
94.2 :
120.3 !
136.4 :
119.5 i
102.7 i
107.0 .
101. 1 :
112.2 '
62.7
112 1
21 s -!
1"7 0 I
112 \
3 42 -S
12". 2
140 (<
11) 1
M2 \
^9 1
121 2
M'< 1
1 >2 \
106 \
107 11
101 1
10f) L'
' f0«" 2
I'M r)
r
K0 7
' rM<> 6
' 2J( t
7 (07 1
<• 170 (
It J 0
~21 S
170 4
14d 3
3~0 2
M4 7
14* 4
mi
()
1 0
' J 21
» 212 1
1
1
J->2 1
177 *
- 2 1
HI ,
i 1 4
I"'-'
• r->
Hi
111 u
128 7
' '41 2
111 1
122 1
111 1
M10 4
' 10<> ^ , 1M t»
1
101 1
' 101 0
67 1
128, ]
140. 8
161. 2
101.0
] 45. 0
119.2
159 8
108. 5
134. 8
M7
111
174
104
147
122
Ji.7
1M
142
153. 7
135. 1
132.6
103.3
103.6
KM). 7
102. 5
157.9
135. 1
139. 5
109.7
110.5
114.5
113.6
164, 2
135, 1
144. 5
115.2
114.0
118.7
115.9
178 4
MS 7
114 7
131 6
124 1
42.7
91.4
72. 8
55. 9
42.4
45.2
90, 8
71.8
57.3
38.2
42. 4
93.8
72, 7
56. 1
40.3
24. 3
15.8
78. 9
57. 8
47,0
33,4
' 103.4
70.4
56. 2
3(5. 9
106.0
73. 1
103.5
105. 1
70. 7
103,9
105. 4
71.0
104.3
106. 1
72.5 ,
106.4 :
107.6
72.0
107. 1
109, 6
72. 7
110.5
;
f»
I
0
5
f,
0
5
1
177
• " U
2< 0 4
174 '.
1?4 9
125. 1
138.3
155. 1
97. 0
139.1
113.6
152.7 i
104,7 i
129.5
'
,
'
22]
'47« '
10t; 2
472 2
M.i 9
157 2
2 4 8
MJ 1
62 4
11! )
]<<J '
", M4 \
147 *
•592 6
117 7
112,9
134. S
151.6
89. 6
133.2
UK 2 ,
J 12. 9
00. 4
120. 1
i
' M ('
I 1 ') P
71 ^
_ >o ^
A
185. 9
251.1
134.4
169. 3
132. 1
137. 4
318.0
139.0
140, 1
112.3
77.0
75.0 :
110.9 :
124.8 i
87. 7 ;
76.3 I
87.4 !
80. 9
94.9
62.3
13' 5
120 0
108 7
71. 5
138.2
101.3
105.4
332. 3
302.9
161.5
149.8
128.0
117.0
160.7
1
76. 9
79. 7
53. 0
54. 0
110.0
120.7
r 11 5. 6
141.5
;. 727. 4 4, 211.9
96. 1
125. 1
227. 5
<• 2 1 1 . 4
107.7
104. 4
1M. 2
92 8
i
' U.0 '
123.7
2 40.1
2 1
'7-! *
J
in
110 1
h '
l'h
170
110 2 '
l U l l
114
K'O
J01
1M (
1! 5
1,(1
2
?17 2
1 ^7 '
W) 4
121 7 , '1T7 4
lr0 9 '
1"') 1
rs
117
Jl8
12(
2 '
8
1'9 1
0
3 , ' M l 1.
131 9 ,
81,5
58. 8
53.2
1
4 <
-•207 4
I us '.
1-M >
»• M t N
Mln
1 5s S
' 107.2
' 85. 3
3 4.8
104. 4
Mil. 4
' 76.2
M13.0
Revised.
f Revised series. For revisions in indexes for all manufacturing, durable, goods, and nondurable goods, for 1938 and 1939, see tablel2. p. 18 of the March 1941 Survey. Index
for transportation equipment revised beginning January 1939, see table 57, p. 17 of the December 1940 Survey, Slight revisions were made in data for textiles and their products
and fabrics beginning 1933; revisions not shown on p. 27 of the May 1940 Survey are available upon request. For revisions in Illinois and Chicago indexes, see note marked with
a " t " on p. 29 of the January 1941 Survey. Index for Wisconsin revised beginning 1925; revised data not shown on p. 74 of the February 1941 Survey will appear in an early
issue.
Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated nonmanufacturing pay-roll indexes revised beginning 1929; see table 19 p. 17 of the
April 1940 Survey
*Ncw series. Earlier data on Ohio pay rolls will be shown in a subsequent issn for other indicated pay-roll series, see note marked with an " * ' ! on p. S-8 of this issue.
f. U-r
S-ll
SURVEY OF CURRENT BUSINESS
I'll!
Monthly statistics through December 1939, to- j 1 9 1 1
aether with exoianatory notes and references , —
to the sources of the data, may be found m the
\u- u-«
1940 Supplement to the Survey
ltUO
* U K n i t l 1 ember
I'.HI
I ebru-
D ' T tu- ! JulUlbei
i
aiy
°ttoher
EMPI/)YMKNT CONDITIONS AM) WACJKS
\pr.i
Continued
P i Y KOLLS-Continued
oii'i'ft.'. uiudi. (U. S. Oopf of J 'ihor» -Con,
IHoin'., and cleaning
l.iundncs
V*1 u-round hotels
r
lndo
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<. lateral merer indismkt
1929- 1O'I
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r a t t o r j a\<*r lue w e e M j e*r>nr ^ .
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Revised.
JBecause of changes in the composition of the reporting sample (usually an enlargement of sample) data for the indicated series for a recent period are not strictly comparable with earlier data; for the month when the change occurred and the issue of the Survey in which the revised data were first published, see note marked llt" on p . 29
of the July
1941 Survey and p. S-ll of the August 1941 issue.
*NTew series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.
tRevised series. Indexes revised beginning 1929; see table 19, p. 17 of the April 1940 Survey.
r
S-12
SURVEY OF CURRENT BUSINESS
October 1941
1941
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
Au
* u s t I tember
October
Novem- December
ber
January
February
April
March
May
July
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average hourly earnings—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
Stone, clay, and glass products... dollars ..
Brick, tile, and terra cottaj
do
Glass
do
Transportation equipment _ _
do
Aircraft*
do
Automobiles
.
do
Shipbuilding*!
do
Nondurable goods
do
Chemical, petroleum, and coal products
dollars.Chemicals?
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do
Baking
do
Slaughtering and meat packing-.do
Leather and its manufactures!
do
Boots and shoes!
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and inner tubes
do
Textiles and their products
do
Fabrics
do
Wearing apparel!
do ....
Tobacco manufactures..
. do . . .
Factory average weekly earnings, by States:
Delaware.....
1923-25=100..
Illinoist
.
1935-39 = 100..
Massachusetrts..
1925-27=100
New Jersey
1923-25=100..
New York
1925-27=100
Pennsylvania
1923-25=100..
Wisconsin t
1925-27 = 100
Miscellaneous wage data:
Construction wage rates (E. N. R.):J
Common labor
dol. per hour I
Skilled labor
do....
Farm wages without board (quarterly)
dol. per month
Railway wages (avg., class I)..dol. per hour
Road-building wages, common labor:
United States, average
do
East North Central
do
East South Central..
do
Middle Atlantic
.
do
Mountain
. _
do
New England
. do
Pacific
do . . .
South Atlantic .
do
West North Central
do
West South Central
do.--.
PUBLIC ASSISTANCE
Total public assistance and earnings of persons
employed under Federal work programsf
mil. of doL.
Assistance to recipients:5
Special types of public assistance
do
Old-age assistance *
do
General relief
do
Subsistence payments certified by the Farm
Security Administration
mil. of dol Earnings of persons employed under Federal
work programs:
Civilian Conservation Corps...mil. of dol..
National Youth Administration:
Student work program
do....
Out-of-school work program
do
Work Projects Administration
do
Other Federal agency projects financed
from emergency fundst
mil. of dol..
Earnings on regular Federal construction
projects*
mil. of dol
|
0. 668
.568
.743
.897
.739
. 956
.862
.613
0.672 | 0.671
. 565
.566
.750
.747
.900
.898
.738
.750
.950
.951
.874
.871
.611
.609
.778
.798
.720
.977
.672
.615
.643
.691
.554
.533
.789
. 648
.779
.960
.512
.486
.558
.773
.799
.722
.983
.682
.603
.641
.691
. 558
.537
.792
.654
.780
.971
.514
.487
.563
116.4
127.7
123. 3
152.1
119. 2
135. 4
131.4
90.4
111.0
101.3
122.6
99.4
111. S
110.3
93.1
112.0
104.2
126 6
101.0
113. 6
111.4
.753
1.50
.707
1.48
.711
1.48
.737 j
.50
.67
.36
.57
.59
.55
.798
.720
. 963
.685
.610
.635
. 684
.553
.528
.792
.654
.509
.487
.552
.484 '
95.4
113.5
103.8
127.5
100.8
115.8
114.6
36. 84
.725
.48
.63
.35
.54
.54
.51
.70
.34
.49
.38
1
0. 671
.572
.746
.902
. 755
. 957
.884
.613
0.680
.582
.764
.900
. 756
. 954
.895
.617
0.682
.587
.772
.911
.776
.969
.893
.620
0.685
.589
.774
.918
.784
.975
.900
.621
0.689
.594
.778
.920
.783
.982
.890
.624
0.695
.606
770
'.923
788
.983
906
.629
0.710
.639
.769
.945
r. 794
r
1.014
'.928
.641
.773
. 839
.755
.995
.706
.655
.647
.694
.579
. 555
.805
.666
.804
. 995
.524
.509
553
. 506
0.717 i 0.720
.645 i .647
-.780
.782
,976
.988
r
.820
.
797
T
1.064
1.063
1.016
r. 951
.657
.650
.806
.824
.838
.863
.864
.886
.770
.780
.783
1.008
1.020
1.030
.712
.722
.729
.670
672
.661
.659
. 665
.674
.731
.738
.737
. 590
.599
. 609
.567
. 573
,584
.811
.826
.825
.676
.716
. 727
.816
. 836
\ub
1. 008
1.037
1.048
.530
.534
.550
.520
.522
. 534
. 550
. 559
.582
.509
.523
! 517
106. 2
119.2
113.5
138.5
108.2
124.3
123. 3
107.2
121.0
114.4
137. 5
109.4
127.7
122.6
112.1
125.1
119.8
146.6
113.3
132. 7
127.2
.713
1.47
.716
1.47
.725
1.48
.741
1.49
36.61
.741
.758
.742
40.44
.732
.730
.44
.63
.33
.58
.53
.58
.71
.34
.48
.38
.43
.68
.35
.59
.51
.55
.70
.34
.47
.38
.43
.67
.33
.59
.53
.59
.72
.34
.48
.38
.43
.65
.34
.58
.52
.58
.70
.34
.47
.39
.45
.64
.34
.61
.54
.57
.72
.36
.45
.40
.48
.62
.34
.56
.57 i
. 765
.811
.733
.966
.690
.632
. 640
.686
. 555
.529
.793
.656
.781
.971
. 504
.487
. 539
'486
. 706
.816
.741
.968
.694
.641
.644
. 680
.552
.526
.799
. 660
.784
.971
.507
.488
.544
.490
.770
.822
.741
.970
.699
.649
.644
.681
.555
.530
.802
.662
.788
.975
.512
.492
. 557
.498
97.1
112.4
102.7
127.6
100.4
115.5
116.0
104.0
116.8
108.8
134.9
104.4
120. 9
119.0
98.1
115.6
107. 6
133.8
104.5
117.5
117.6
107.9
117.5
111.7
136.1
106. 0
121.4
121. 1
.711
1.48
.711
1.48
711
1.47
.741
.746
.48
.63
.34
.56
.54
.56
.72
.35
.49
.37
.770
.826
.746
.970
.702
.651
.644
.685
.564
.540
.803
.661
.792
.981
.514
.492
. 561
.495
.766
.829
.749
.967
.700
.655
.641
.685
.572
.549
.807
. 664
.799
.994
.517
.494
. 561
.497
.47
.62
.35
.54
.56
.50
.68
.34
.47
.38
.47 '
.61
.34
.53
.55
.50
.68
.33
.48
.38
213
203
216
218
222
215
216
53
40
32
53
40
29
54
41
29
56
42
30
57
43
31
58
43
29
58
43
29
116.2 ' 114.5
128. 9
125.4
123.7
122.6
150.4 j 152.1
115. 8 ! 116.1
135. 8
132,1
131.1
126.3
.747
1.49
.753
1.50
44.95
.727
.73 !
.36 '
.49
.40
.64
.36
.56
.60
.52
.73
.35
.51
.39
.50
.66
.35
.55
.60
.55
.73
.36
.51
.39
208
199
188
167
59
44
26
59
44
23
60
46
21
60
45
20
.53 I
1
19
O)
16
5
102
44
12
15
3
6
102
3
8
104
3
2
86
103
3
8
81
3
9
97
3
8
94
2
1
1
1
114
111
116
106
1
110 i
)
67
1
118
FINANCE
BANKING
Acceptances and com'l paper outstanding:
210
213
215
209
213
212
220
182
217
Bankers' acceptances, total
mil. of doL.
197
177
187
197
142
167
168
164
170
170
164
161
161
148
149
159
Held by accepting banks, total
do.,..
148
Own bills
do
103
100
96
99
100
103
99
107
105
105
101
106
100
Bills bought
do.._.
47
44
42
53
60
67
65
65
63
66
60
59
55
Held by others^
do
34
35
38
42
45
48
47
49
51
52
49
50
38
Commercial paper outstanding
do
354
245
••251
252
232
218
232
241
263
275
295
299
330
r
Revised.
° Less than $500,000.
•None held by Federal Reserve banks.
^Construction wage rates as of September 1, 1941: common labor, $0,761; skilled labor, $1.52.
§ Figures for special types of public assistance and general relief exclude the cost of hospitalization and burial. The cost of medical care is also excluded beginning September 1940; this item is included in all earlier data on general relief and infiguresfor July 1937-August 1940 on special types of assistance.
tRevised series. Indexes for Illinois revised to a 1935-39 base; for factors for converting indexes on a 1925-27 base beginning 1935, see p. 29 of the January 1941 Survey.
Revised indexes for Wisconsin beginning 1925 will be shown in an early issue. Total public assistance and "other Federal agency projects financed from emergency funds"
revised to exclude earnings on regular Federal construction projects and also on projects financed from Reconstruction Finance Corporation funds; revised data beginning
January 1933 will appear in a subsequent issue.
*New series. Earlier data for aircraft and shipbuilding not shown on p. 29 of the March 1941 Survey are available upon request. For data beginning 1933 for old-age
assistance, see table 56, p. 17 of the December 1940 Survey. Data on earnings on regular Federal construction projects beginning January 1933 will appear in a later issue.
JBecause of changes in the composition of the reporting sample (usually an enlargement of sample) data for the indicated series for a recent period are not strictly comparable with earlier data; for the month when the change in the sample occurred and the issue of the Survey in which the revised data were first published, see note marked
with " t " on p. 29 of the July 1941 Survey and p. S-12 of the August 1941 issue.
S-13
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- 1 9 4 1
gether with explanatory notes and references
to the sources of the data, may be found in the
August
1940 Supplement to the Survey
1941
1940
August
September
October November
December
January
February
March
April
May
July
June
FINANCE—Continued
BA N K I N G - C o n t i n u e d
Agricultural loans outstanding of agencies supervised by the F a r m 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 dol_.
Agri. M k t g . Act revolving fund
do
Short term credit, total!
do
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for I
cooperatives^ 1
mil. of d o l . J
Other financing institutions
do
Production credit associations
do
Regional agr. credit corporations
do
Emergency crop loanst
do
Drought relief loans
do
Joint-stock land banks, in liquidation. _do
Bank debits, total (141 cities)
do
New York C i t y , . .
do
Outside New York City
do... _
Federal Reserve banks, condition, end of mo.:
Assets, total
mil. of dol..
Res. bank credit outstanding, t o t a l - . . . do
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
do
Excess reserves (estimated)
do
Federal Reserve notes in circulation.. do
Reserve ratio
_.percent. _
Federal Reserve reporting member banks, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted
mil. of dol_Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol. .
States and political subdivisions
do
United States Government
do
Time, except interbank, total
do
Individuals, partnerships, and corporations
mil. of dol_.
States and political subdivisions. _-do
Interbank, domestic
do
Investments, total
do
U. S. Govt. direct obligations, total.-do
Bills
do
Bonds
do ^
Notes
do
Obligations guaranteed by U. S. Government
mil. of doL
Other securities
do
Loans, total
do
Commerc'l, indust'l, and agricult'l . do
Open market paper
.'
do
To brokers and dealers in securities, -do . . .
Other loans for purchasing or carrying
securities
mil. of dol.
Real estate loans
do
Loans to banks
do
Other loans
do
Installment loans to consumers:*
B y credit unions:
Loans made
do
Repayments
do . _.
Amount outstanding, end of month- do
By industrial banking companies:
Loans made
do
Repayments
do
A m o u n t outstanding, end of m o n t h . . d o
By personal finance companies:
Loans made
do
Repayments
do
Amount outstanding, end of m o n t h , do
Money and interest rates:§
Bank rates to customers:
New York City
percent. .
7 other northern and eastern cities
do
11 southern and western cities
do _.
Discount rate (N. Y . F . R. Bank)
do
Federal land bank loans
do
Federal intermediate credit bank loans do.._
Open market rates, N . Y. C :
Prevailing rate:
Acceptances, prime, bankers, 90 days
percent^.. j
Com'l paper, prime, 4-6 m o n t h s . . . . d o
Time loans, 90 days (N. Y. S. E.)_.do
I
T
2,975
2,426
1,804
622
99
3,050
2, 534
1,871
663
83
83
16
450
67
15
433
229
45
221
3,035 I
2,526 I
1,867 j
659 i
89 |
2 964
2, 489
1 844
645
92
2,970
2,485
1,842
643
91
2,976
2,475
1,836
640
75
16
382
74
16
393
70
16
413
2, 458
1,824
634
2,448
1,818
630
90
2,986
2,437
1,811
626
96
74
16
440
74
16
450
80
16
453
3,008
2,517
1, 862
655
96
2,986
2, 508
1,856
652
96
73
16
420
79
17
394
77
17
383
203
42
203
197
41
195
128
49
39
39,102
15,079
24,023
128
52
53
29,918
11,604
18,314
127
51
52
30,862
12, 594
18,267
191
35
180
6
122
51
51
36,317
14,952
21,365
188
34
173
6
119
51
51
35,771
14, 952
20,819
187
34
172
6
118
50
48
42,952
18.626
24,327
186
35
174
6
117
50
47
37,645
15,147
22,498
192
203
36
37
182
195
~6
6
119
125
50
50
46
45
32, 725
40, 988
13, 268
17,402
19,457 | 23,586
212
39
207
6
129
50
44
38, 731
15, 657
• 23,074
217
40
215
6
130
50
44
39,919
W, 124
23,795
130
50
43
42,135
17, 282
24, 853
227
44
224
7
129
50
41
40, 948
16, 288
24, 660
23,833
2, 275
0
11
2,184
20,571
20,314
23,833
15, 521
12,794
4,796
7, 080
91. 0
22,176
2, 516
0
4
2, 436
18,959
18.618
22,176
15,867
13,541
6,525
5, 370
89.3
22, 440
2,485
0
5
2,434
19,272
18,940
22, 440
16,063
13,727
6,655
5,450
89.6
22,865
2, 412
0
4
2, 333
19, 632
19, 289
22,865
16,218
14,208
6, 960
5, 577
90.1
23,017
2,304
0
4
2,199
19,881
19,586
23, 017
16,191
14,215
6, 849
5, 743
90. 6
23, 262
2,274
0
3
2,184
20,036
19, 760
23, 262
16,127
14,026
6,615
5,931
90.8
23,306
2, 250
0
2
2,184
20,285
19,913
23,306
16,396
13,930
6, 380
5, 884
91.0
23 528 ! 23,409
2,265 I 2, 243
0
0
3
3
2,184
2,184
20,436
20, 366
20,112
20,031
23,409
23,528
16, 272
16,351
13,371
14,203
5, 776
6, 534
6,143
6,022
91.2
91.0
23.686
2,234
0
2
2,184
20,533
20, 204
23,686
16, 220
13,524
5, 771
6, 282
91.3
23, 859
2,280
0
4
2,184
20,615
20, 325
23,859
16,132
13, 724
5,801
6,503
91.1
23,704
2,267
0 !
2
2,184
20,583
20, 322
23, 704
15, 863
13, 051
5, 210
«• 6, 724
91. 1 I
23,828
2, 293
0
5
2,184
20, 603
20, 317
23,828
15, 781
13,151
5, 215
6.857
91.0
2, 973
2,500
1, 851
648
93
~r I
16 I
381 I
2, 467
1, 830
637
68
16
431
225 I
42
221 j
"~7 I
i
i
22,299
22, 932
23,431
23,093
23, 712
24,311
23,949
24,544
21, 771
1, 495
509
5,397
22, 324
1, 595
451
5, 455
22, 401
1,579
214
5, 448
22,812
1,820
332
5,478
22,518
1,747
396
5, 465
23,173
1,903
386
5,476
23,612
1,870
390
5,449
23, 667
1, 604
463
5, 443
24, 029
1,750
470
5,444
5,171
175
8,707
15,693
9,374
736
6,804
1, 834
5,180
192
8,843
15, 774
9,543
784
6, 898
1,861
5,234
196
9,065
16, 137
9, 719
611
6,978
2,130
5,240
185
9,076
16, 368
9, 950
685
7, 051
2,214
5,273
179
9,253
16, 955
10,334
727
7, 052
2,555
5,269
171
9,343
17,124
10,578
742
7, 653
2,183
5,269
181
9,043
17, 680
10, 812
869
7, 753
2,190
5,240
183
9,220
17,689
10, 974
929
7,833
2,212
5,243
174
9, 272
17,872
11,255
1, 080
7,929
2, 246
5,200
158
9, 078
18,199
11,279
1,074
7,952
2, 253
2,582
3,682
8,785
4,630
297
446
2,627
3,692
8,909
4, 773
304
410
2,707
3, 524
9,128
4,911
299
467
2,743
3,675
9,390
5,018
301
584
2,744
3,674
9,308
5,076
314
458
2,766
3,855
9,495
5,227
319
478
2, 753
3,793
9,828
5,465
347
504
3,115
3,753
9,870
5, 532
354
465
3, 022
3, 693
10, 226
5, 673
367
571
3,038
3,579
10, 453
5,897
371
529
3,309
3,611
10, 572
6, 047
388
478
463
1,219
48
1,672
460
1,220
41
1, 691
455
1,222
36
1,709
460
1,228
39
1,724
465
1,230
37
1,755
459
1, 229
35
1,737
455
1,232
36
1,748
454
1, 228
52
1,778
445
1,235
40
1, 799
451
1,239
42
1, 883
453
1,244
40
1,919
439
1,253
43
1,924
27.5
23.0
181.1
24.9
22.7
183.3
26. 5
24.8
185.0
25.1
24.3
185.8
29.0
25.6
189.2
25.2
26.4
188.0
26.4
24.4
190.0
31.8
?6.4
195.4
34.3
26.5
203.2
35.3
28.3
210.2
32.7
26.8
216. 1
30.8
27.1
219.8
42.6
42,0
280.0
41.0
38.5
282.5
44.4
43.8
283.1
43.7
43.1
283.7
48.6
44.6
287.7
44.7
44.1
288.3
42.4
42.4
288.3
50.7
47.5
291.5
51.6
46.6
296.5
52.5
47.5
301.5
51.8
47.0
306.3
49.5
46. 4
309.4
76.8
70.0
483.5
69.2
68.4
484.3
74.3
74.1
484. 5
77.4
74.8
487.1
107.6
89.3
505.4
68.2
70.1
503. 5
67.0
69.0
501.5
84.9
80.3
506.1
81.0
514.0
85.3
80.0
519.3
87.0
79.3
527.0
85.0
80.9
531.1
1.00
4.00
1.50
2.14
2.56
3.43
1.00
4.00
1.50
1.00
4.00
1.50
2.00
2.53
3.36
1.00
4.00
1.50
1.00
4.00
1.50
2.06
2.53
3.25
1.00
4.00
1.50
1.00
4.00
1.50
1.00
4.00
1.50
1. 95
2.58
3.23
1.00
4.00
1.50
1.00
4.00
1.50
Me
Me
Me
Mo
H
1J4
m
IK
24, 349
20, 901
21,152
21,858 i 22,189
I
23, 719
1,876
591
5,445
20, 415
1,440
509
5, 380
20, 741
1,463
508
5,381
21, 266
1,651
506
5,371
5, 268
156
9,355
18,335
11, 251
1,019
7,949
2,283
5,174
182
8,505
15,622
9,373
705
6,573
2,095
5,187
170
8,734
15, 544
9,280
628
6, 540
2,112
3, 316
3, 768
10,903
6,222
397
607
2,584
3,665
8, 566
4,480
294
390
436
1,256
45
1,940
1.00
4.00
1. 50
7
/i&
Yz
\\i
1.00
4.00
1.50
Me
H-H
m
Vie
1.00
4.00
1.50
Me
tt-H
1H
m
Revised.
cf To avoid duplication these loans are excluded from the totals.
§For bond yields see p. S-18.
*New series. For data beginning 1929 for industrial banking companies, see p. 18 of the September 1940 Survey; for data beginning 1929 for personal finance companies, see
table 25, p. 26 of the September 1941 Survey; data beginning 1929 for credit unions are shown in table 27, p. 26 of this issue.
fRevised series. For revisions in data on emergency crop loans published in the Survey prior to the September 1940 issue, see note marked " t " on p. 76 of the February
1941 Survey.
S-14
Si/KYKY OK CURRENT BUSINESS
M o n t h l y statistics t h r o u g h D e c e m b e r
1941
19-10
1939, to- | I*.M1
gether with explanatory notes and references j
- to the sources of the data, may be found in the
.
! vu u
1940 Supplement to the Survey
- "
Novem- Decem- i JanuOctober
ber
ber
February
April
March
I Mf.y
FIX AN CE—Continued
BANKING—Continued
\
Money and interest rates—Continued.
>
Open market rates, N. Y. C.—Continued.
i
Average rate:
Call loans, renewal (N. Y. S. E.)
!
percent I
;
U. S. Treasury bills, 91 days . . do
Av. yield, U. S. Treas. notes,*3-5yrs. do . . ;
Savings deposits:
j
Savings banks in New York State:
;
Amount due depositors
mil. of dol. ;
V. S. Postal Savings:
I
!
Balance to credit of depositors
do
Balance on deposit in banks
do
;
.04 !
.58 i
1.00
. 13
.33
LOO
5, 555
5.629
1. 309
29
1,298 i
41 j
Orand total
__._...__
number .•
954
Commercial service, totaL . do
j
46
Construction, total
.... do.... |
"6
Manufacturing and mining, total.. . . . do . •
H'»6
M i n i n g (coal, oil. miscellaneous).... do
\
3
C h e m i c a l s a n d allied products..
.do
i
5
Food and kindred products
do ...]
46
Iron and steel products
..........do
\
*
Leather and leather products
. . . d o . . . .!
ii!)
Lumber and products
.._
.do. . .. i
Machinery
. ....
.__
do
|
7
Paper, printing, and publishing
do ...l
L*
Stone, clay, and glass products.'
. .do
i
3
Textile-mill products and apparel.. . .do . . . i
31
Transportation equipment
. do
2
Miscellaneous
. _ .. _ do . . i
21
Retail trade, totaL. .
do . _|
585
Wholesale trade, total...... . .
do
!
81
Liabilities, grand t o t a l . . .
..thous. of dol. . ! U, 134
Commercial service, total
do .._ j
072
Construction, total-..
do
j
1, 732
Manufacturing and mining, total...
do
j % 799
Mining (coal, oil. miscellaneous)
.do.... i
56
!
Chemicals and allied products
..do
01
Food and kindred products
do . . . i
J.503
Iron and steel and products..... _.. . do .... j
280
Leather and leather products
do .... j
3'4
Lumber and products
do
j
• 05
Machinery
do
|
95
Paper, printing and p u b l i s h i n g . . . . . . . do
\
712
Stone, clay, and glass products
do
;
^^>
1, 128 j
49 S
LOO
.05 i
.48 |
1.296
40
1.00
.02
.43 !
1,296 I
38
1.00 i
.02 I
.34 i
1.00 i
.02 i
.35 [
5, 639 ;
5,688 I
5,664
5,652 I
5,661
1.299 |
1, 304
36
1.314
34
1.318
1,320 i
1. 124 ;
13
51
161
1.00 !
.02 |
.43 |
1.00 |
.04
.55
1.00 i
. 11 !
.50 !
31 I
00
1.00
.10
1.00 |
.11 1
.44 I
LOO .
.12 |
.38 |
i, 604
5,628 i
.317
30
, 310
30
1,304
"30
,149
35
70
191
8
8
,119 t
40 [
63 i
181
COMMERCIAL FAILURES!
Textile-mill p r o d u c t s a n d a p p a r e l . __.do
Transportation equipment
Miscellaneous
Retail trade, total
Wholesale trade, total... -
-...do...
do
.. .
do .
-.., ...... do
. •
<">57
i
i
|
|
45
150
:
i 492
1.439
49
190
8
9
21
!
|
!
!
!
49
58
173
1,111
44
, 024
40
1.086
48
200
196
188
6
13
211
1, 129 I 1,
06 !
58
58 I
60
!82 ;
188
10
39
40 |
5 S
9 !
28 |
14
24
3
4G
4
23
732
102
12, 997
562
1.272
4,380
421
31
770
123
197
845
325
288
16
1, 171
40
159
5, 056
1, 721
10 !
24 I
39 |
6 \
21 !
588 i
108 ;
11.397 |
541
893 j
4,740 !
1,345 I
49
86
Sf>r>
14G
6 !
21 i
14 !
20;
19
681
115
12,715
574
854
5. 247
361
432
1.074
92
100
i
|
|
!
I
!
|
142
890
09
1, 443
37
380
4, 194
1,846
399
112
695
316
3. 5G3
1.600
4i
18 !
13
If) !
ni
19
1
•U
4
24
i
I
!
i
i
i>i0
i
20 j
24 I
6 ';
15 '
11 •
23 ;
691 j
''»-, I
102 !
89 |
16,572 | 13.309 I Il,*s8 i 1 5
665 I
596 |
1,043 !
838 |
"9'J
5,928 !
9,090 !
4,217 I
117 i
3,067 !
M7
441 :
444 |
2.347 ;
1.512 |
70S '
369 j
158 1
254 i
29
175 i
2"9 ^
"21
250 !
873
15
262
4. 097
1, 576
4,699 :
1.349 !
10 j
22 I
J
30
10 4 i
4M !
7:
19 I
4i
48 S
3 ;
15 ;
019 !
")70
98 I
71
9.449 ! !3. 422
40! i
684 :
3, 155 i
157 ;
82 !
451 !
88 :
1*8 i
201 :
113 I
3 46
251 :
5s i
\
120 '
121
CM
I
21"
2"!
2 lc
IV, 1
" 0*1
4 "ul
l.f'29
1 i>j 1
IN)
12s
\
100
J 065
647
; 4H '
S")
i
j
j
•
411
14 I
3 I
59 I
1 I
838 |
1.399 j
'.i 70
36
51
166
4
913
I 111 1
104 !
19 i
807
93 !
110 j
215 !
119 I
168 I
175 j
160 I
3. 591
1.6J8
3 )7d
LIFE INSURANCE
Association of Life Insurance Presidents;
j
Assets, admitted, totfilt
mil. of dol...(-- • • --•
Mortgage loans, total
.
.
do ...__}...
Farm
.____
._ . . _ do
I
Other
..do !
Real-estate holdings
..do...-!.
Policy loans and premium notes
do
i-. •
Bonds and stocks held (book value), total S
mil.
of
doL
J
Gov't. (domestic and foreign), to f al do
U. S. Government.
_. do . .
Public utility
.
do..
Railroad
do . I
Other
.
__. . .
. . . do
Cash
.do
Other admitted assets.
do
Insurance written:®
j
Policies and certificates, total number
'
thousands
731
Group,.
do .
*l
Industrial..
.
..do .:
*•"<(>
24, 719
4, 021
663
3, 958 !
1,716 !
2,445 |
14,624 |
6,738 !
4,929 |
3, 579
2, 694
1.613
888
425
683
32
426
225
Ordinary
,
......
. .do .
237
Value, total
. . ..thous. of dol
M\7»>9 579, 283
53. 757
Group
.. ....... .
.
do
7o. 112
Industrial
. . . . . do. . . 131,329 123, 111
Ordinary
d o . . . 442.02* 402.415
Premium collections, total®
dn . .. 21"'. 173 246, 254
22. 854
Annuities
.
do
' 2(1 7.i2
;
12.339
Group
.
do
13, U9
55, 451
Industrial
. do . . ! 56, i-M
Ordinary
.
.do
- 154, *69 155, 610
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total.. ..do ...'• 5*1, 171 528, 330
39, 632
New England
do . . . ' H.sno
Middle Atlantic
do . . . " 147.610 133,296
East North Central
d o . . .• l3l,*95 119,572
West North C e n t r a l . . ,
. . . . d o . . . <"'^ 74(> 54.877
52, 751
South Atlantic
.
. do .
61 :^
20,882
East South Central .
do -1233
42, 674
West South Central
do . _ . ' H. wwi
15,994
Mountain
.
. _ .
do . . 15,624
48, 652
Pacific
. do
54>*5
Lapse rates
1025 -26 = 100..'
24,869
4. 650
663
3.987
1,710
2,436
.14,692
6.811
4. 9P1
3,598
2,717
1.566
922
459
j
;
j
!
I
I
!
i
j
i
i
!
i
I
25, 076
4, 094
664
4.030
1.701
2,413
25, i 70
4, 697
663
4, 034
1,661
2, 398
14. 769 I 11.85?
6 819 j 6,866
5.010
4.983 !
3, 619
3. 622 !
2. 745
2,731 s
1.621
1.597 I
933 !
459 j
15.034
6, N89
5,036
3.784
2, 689
24, 963
4. 670
666
4,004
I. 707
2,425
I
j
j
!
:
1,672
862
518
25 ~5'> i
4 7
66"
) <>i 2 i
1 < V-*
2. 3 7 '
1 OsJ
i n?
15 W"
i) 77*
4 «HJ
1 *7'J
2. 719
1 74U
I, 1 H
14 "71
'• 711
! 0n6
015 ,
4, 7"M
666 '
4 WA
l.M*
2 -54 7 '
1 778
669
\, 100
1,607
25, 8
|
!
f
I
2, 335
4, 796
(573
4, 123
1. 605
2,32
••>
15, 243
1", 1*5
6 702 , 6. 788
t ')P,i
4. 962
«ni
3,965 |
2,720 i
2 :17
1,770
1 74^
1. 201
588 t
-
j
|
S
I
\
6, 914 !
5, 0S2 ]
3, 972 '
L821 |
1,202 -
542
26, 002
4.820
674
4, 146
1.593
2,312
6. 987
5, 157
4. 043
2. 737
LHJ5
!. 171
!
•9!
Js
70S-
in
506
22')
r
, 19, 0*5
10 720
127 974
3*1 261
24*1, *2J
2P\ <> '.8
12 V'3
60 40)
150. 171
67
494
p 43
o IS. 903
55. 244
110 465
417 194
•2 if, 403
21 ' H I
12 % 8
^1,766
!')(), 328
6<)4,: 40
'7] 124
{4, 2">0
' 0 * 003
3". 744 i
l'U,S59
142 371 I 126, 4>s
"<<1, 7 9 " . 414 J6h
P i l <L>2 '
251, 50s ' \T, 17* , 2**) 226
2* H i
51 lv5 fr\ 6*1
j 1.841 I 14 ) % 1 36
:6 2"8
01 4o9
60, sf»j
H i . 932 • 19'J, 63 , U>o, T16
5 " - t<4
o< >} 127 '
JS 05' I 44 112
10 I
129. Oho 1")S 0*7 ' 139.
113, *2i
IV) 6*7 | 1)"..M 0
32S
50 238
56 173 , J7,
r
.l.M>S
20 9i3 ' 21,624 | Jo'
41,778 | '37,
42 617
924 I
12. 7oS i 14.74
44.260 j 49,309 I| 43,796 |
24 1
502
1 >
2V
2">9
22h
1
0 (
137
072
2.0
6-) 4
370
576
93
7«i2
43 14')
1"L
121
4t),
4''
19 207
J." ".73
12. 34b
42 876
>w 370 i
41,211 | 42 721
130, 166 148,978
280 V,\
26,491
23.610
15 <H2
?6. 279
n .%i
62 M l
178, 184
!
126
49, p,u9 I
50,217 .
20,201 I1
12, 181 I
43. 654 j
51 096 19 r«r> , *.i
147. 162 151 vn . i r ,
163, 0f«) 4".^ * 7 2 ! 4 49
2M, 49 n 2f 5 I P S j 2~>
21 414
12
12 9614 \\2
• I
61 977
i n 130 Ifis 01<
597 LPJ
4". "03
'hl.SlO
l°h flll
'I 634 56 020
59 0"0 6'j r 99
25,156
24 583
47,98f»
4 *. ^91 !
14.517
15,^4
51,114
50,312 !
5J7. 5~7 : us. 217
16 =519 _ 46 ri?3
2\>
122
2H
U\{>
t)60 0 7 "
\'O
12s
Ils
H") i
"19
i20
I
604. 162
10, ()7«
i n 5H
140,480
57,076
61,160
24,524
41 650
15, 692
52,988
[ VI
47.
. i"4
, HI
' r»-,
, (>3 \\i
26 .92
4"i is")
1" r>"»
! 52, 068
87
4,
1"3 1
1 32
23
, 11(1
, 205
r
Revised.
137 companies throueh 1940 and 36 companies in 1041 havinc 82 percent of total assets of all United States leeal reserve companies.
®40 companies through 1940 and 39 companies in 1941 having 82 percent of total life insurance outstanding in all United States legal reserve companies.
fRevised series. For data beginninc January 1940 and an explanation of the revision, see p . 32 of the March 1941 Survey. For previous revision of 1939 data, see p. 31 of
the March 1940 Survey.
sl'KVKY OF (TRKKNT
Monthly statistics through December 1939, together with explanatory notes a n d references
to the sources of the data, may be found in the
1640 S u p p l e m e n t to the Survey
Bl'SIXKSS
1041
HMO
i 1911
J— —
• .
«
l
i
1 Jinu-
I tcmbcr
j ary
FINANCE
Jobru
Inr.
Maj
lulj
C'oncimied
MONKTIRY STATISTICS
j orcijin e v c h a n ^ e rat <•*••<
lo]
Argentina _
Bnt^l. India
Canada
riule
(\>lombn
MOMCO
Sweden
]
0 2't s
01,1
501
0t> I
1
80 )
0" 2
i7o
{1
t\
2\y >
111M of .i..i
Movemoni, fort 1^,11
Net teloa-e from e,ir Ilia! ) 1 )u,u>. of dol
. do
Kxportdo
Imports
Production, estimate d w o i l d total, n u l M d "
lllnlj
<)t
dol
l« N S. U
do
Repoited monthly, tut i in
(j>t
Vrn.x
do
i al'ada
Re^'cipf-
2 ' 7 1' •
0, oi
>i 2 0 2
•'7
' i t m i n t , d o n te i 1
tot
Kxpoi t*Impo' t-.
1 ' i u o a l New York
I'roduei 'oil, vuitid
< in ida}
VlfMC.
1 nitcd Mates
•sioc ks, lelinety, end ' >f
' nit( «i M a t e -
unrefined #
line OUM 0mil f f doi
r ^ of line 0/
do
do
-lo
1 )»*, 1
061
001
so 2
3u2
301
s5"
o"2
57d
!y» i1
0"0
'51 i
M> >
8f ( s
301
sis
(i.' 2
M 0
• \~Kr
0"2
"",7(>
"i.O
MM"
\{){
' '0
2U 1
2o, '
(
1
{ 0.1
2M
.1
"/
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201
oT '
., '
1(H)
100
urn
(SO
4 li,',
1
SiiJ
231
205
10"
1 OU
4 O!M
iw"
22
7 117
' . . <i 17
cm
2J> 1
2><
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2 >i
S3 7
(j~,2
570
4 00
"71
1
ll'i
>1'2
1
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0. 298
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.052
. 570
.400
.050
. 234
0 2ys
.061
30 J
S.50
. o52
.-70
40o
l('.")0
0
Oi»l
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4.02'
1 032
. 298
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. 301
. 882
(0 2 )
. 570
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. (lf.3
. 23 4
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.001
.3M1
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(
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20.
•:-:•£
{ o-,:
4.031
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22 3*i7
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0. 298
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. 301
.874
K 052
. 570
400
.051
. 2:M
. 205
•£. (.-.'I
-10,494
1
2 2 , t>7.
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''7 7 > s
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1
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7, MMO I
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105. 525 -105,105
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10, 113
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'
do
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dot p e r l i r i
dol poi \ e n j
do] perjtf^o
,j ,,i j),>r }, roiia 1
dol poi t t
} ip in
(
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dol. P" 1 (' v) idian do]
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11
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d( >] periiulreis
tiol 1 ei nipoe
M i a / i l , ofhci il
3J.s
t,O48
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1
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1 22,7O(,
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1,212
4,346
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1.484
7,152
615
3,347
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20,397
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1
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' 15,'^90
!U)7l
«. 1 1 . "
1
1(15. SMi
2, 23
rOHPORATIOX PROFITS
(Quarterly)
F e d e r a l R e s e r v e H a n k o t N o w "i <>rk
l i i d u s t i i a l <-oipordK>i,s. t n t a ' Hiu i 0*. i
m i l o! d o l
\ufos, p a r K - i n d ictclones UM'o
do
i
s
< h o r n u . i l s (13 ( o s >
do
b o o d a n d b e v e r i y e - Ci'-ito^ ,
do
Alaohmeiy
' j n d m iciiiiK
inanufaetupu<j j
<17 io<« )
I'tiJ 0} d o !
M e t a l s a n d rniMjiic ( i 2 e< •* >
00
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do
P u b l i c u t i h t N " - P M ' < J I ! Mi-'iin l a i l w a ^ - a n d
t t ' l i ' p i i o i u < {iinp'UUc- (lh t '.IMoflle, ( 5 2 d > s . 5 j
mil. o i d c i
'
I edoi'il C o n n n i i n i t a t i o n - (\,inrni'->tou
'IV 1( p h o . K v ( m t o p . Ml('«>IiH , 0 " ' o s
-i" 1
Inteistali' Commerce Cuminis-ion
K u l w a v s , c l n s s I 'n* t i i u o m c
do
h t u u d a i d iiid P<xir > t-'orjMji i t i o n GfiiJim-.^ 1 ^
( o m l u n c d nidi \ in:adjuMP'l •
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do
Kaihoid O'la- ( > •
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I tilK J< -. 1 1^ COs j
,Ji.
IH'BLIC FIN INCH
.'hi, ^ro^s. i-nd of iii ith
IMiblic i>siK s
Intoi'-si bearing
Nonnili n-M ho u n
Special i^Mios t o u
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1
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do
do
rrii nt a^encK s and
trust funds
n , i l r.Mol
Oblij-Vioiis jullv JUiaianteed b \ l\ > i'i<>\'\.
'1 otal amount o u t s t a n d i n g /
mil nl dol
Ms 'luenci' ^ v n
Home Owners' Loan C'orpor if ion
Reconstruction Km inn* Cci p
h\p< nditur, s, totdU
tlu>us.
Nation il <h IOHM>*
\ i n i o u l i u r a l adjustment p t o ^ r a m k
I nenn>lo\mu)t relict*
'I ranslcn- t o f n i s t ae< ounl 1
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Debt l o t u t n u ' i i U
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do
do
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do
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do
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1.(11
H,
58
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11. 140
11. J77
N
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46, 117
{7 176
40. 0 2 -
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on
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6, 371
0.370 ;
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47, 737
40 972 M l . 312
42»>
j > •2(.M
260
1 2(«9
l.'2n«i
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2, ( > l l
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0'*7
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1. 007
1. 0 l '7
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1,1*7,277 1,J ! 7 S H J ,077 .4 W 1, tOl ,07 "1
r
170, 0,2 r 5 s t ti \ f >>4 010 ' 7 4 s •5 i l
10 1 1*7
102 361
10s. 5s2
9") 711
109,5\2
1 1",s0">
15* 2^1 i 11") U.W 1 M ."+0 ]5\i 0 6 s
!<»! 5* (7
r
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2(/(
2<*, OoO
17. 230
0 !
] 7
500
2 l s , M3 4 1 2*1, 10!)
I"), 22 i
7, 214
21s, J(,7 2 M) M2
20,
20
2
21.,
OOo
507
122
2<)t,
!
6. 32-1
0 939
], 269
I,2(i9 ;
1,269
2
,
2,620
2,421
2,420 I
1,741
1, 74 J
K741 ! 2
1,316,452 1,142,207 1.545.(iO2 ! ,00(
-•763,061 ' 836, 881 r 811,995 I' 959
1 70,591
38,875
31,590 I 59
147, 843 145, 432 134,770 | 132
l< 000
18,350
0
0 j 153
1
J.">0 21 ]
73,335
11,503 339,431 i 24
2
J ,"3(»
17,128 !
1, 171
1,335
22(> 1 1 * '242. 100 r JOS. 181 ' 2 1 0 . 0 8 1 ! '2; is
20,9
4 is
101
,253
880
f)42
075
14 1
S2X
t;54
02*
! ' r h'PMi - . \
R< 4 | v
\ o <iu 1! ii HI
\ \ e i ui'' for lun> 1 14.
' Average for July I
\ \ cii.u
' >i M a \ 1 20
r
N o q u o t i t i o n K»i Mi k i u m , M a i 1 , a n d t h e N o t l i o i l a n d s s u i c e J u n e l y l ' i .
? hi total meludi - L u<t:anU(Ml d e b o u t u n s of c<M'tain agencies not shown soparaioly.
® ( ) r m e n a>i m c a i m a i l e<l " o l d 1
iNuihbt 1 ! of ooinpaines \ )i
h f h
A ^ o r i n e r l y Standard Statistics Co., I n c .
*Ne\\ s l l K - .
Kai liei d'lt 1on new i t e m s u idol Federal c v p o n d i m r i s v\ ill be s h o u n FI a subsoqut lit issue.
T R C \ is(.^l s e r i e s
J u l \ 1910 soci il si^cunfy o m p l o v m r n t faxes a x [jf»])r(/prmtod diroctlj to the o l d - i r e and ^ u r \ i \ o r s insurance trust funds a n d do n o t appear
p o n d i r i m s a n d JiaiKsh i» to tru.-r accounts. h a \ e ,, rherefore,, b(<-n n vised to exclude
as t r a n s f e r s u n d e r c\p» n d i i u n s, a s formerly , ( irlicr d a tt a on
o tofed o xp
e transfers to this fund
f i
ii d
t b
1940 S
rreedd t o ttiiinns ffid
i i i d; ; , , fur
r c c up
p t spo n p .
' > Minilarl}
> e\f l u d e a m o : n ? s t r a nn sf feferrd
dat;i
bm
m m n i n ' j;; J
J a n u a r \ 1957
19-57,1, seo tar^kk 5
5o,, p
p . is
i s off tth
h e NN
o v eb
m b e r 1940
Survey,
Unix
r
-shown
in
i
h
"
1940
Suppl
•merit
w
a
s
d.ie
to
1
morjit'i
d
u
r
u
m
thi
second
quartt
r
of
1940.
i
h
h
S
l
X'Vhv ro<lut'tion
ol one company from the 1:
X'Vh
l
i
d
d
h
d
f 940
l<«u
l J
l<u ^
§I)atar< ported b y Liu C 'inadian ( l o x i r n i r n t ; s<>e n o t e m a i kke dd ' '" u n p . Uoff tlie
j Irom foreiirn coiintiios a n l u c k i m j , u \ Jilidile n - p o r t s of tlieAnn-rieati Buioati of M e i a l Statistics are u s e d . When, n o c u r ^ B n u i n j r witli A p u l 1910, where dir<>< t n
r e n t r e p o r t s are a\ ailablu at t h e I i m c of c o m p i l a t i o n , t h e last r e p o i t e d tiimro is c a n led torw a r d . '1 he c o m p a r a b i l i t y of t h e d a t a h a s been affected b y these s u b s t i t u t i o n s . D a t a
: >r Melman C o n u o a n d s i e r r a L( one, loin o r l \ inclu led 111 f 112,111 (- '01 Mru a a n d tot 1! u p< K i d uion ( h l \ , aieexc l u d e d be^iritun^ M a v 1940 a n d April 1941. r e s p e c t i v e l y , a s r e p o r t s
ire not a v a i l a b l e
D u n n ' / ro(<Tt \ c i r - f t h f i c p o i t e d ^ I I H S I I H liolui in r ' o n j o iii.ounti d i< N M w u n I 1 - a n d 2 perceiu of t h e total r e p o r t e d for Africa; p r o d u c t i o n for Sierra
Lcoiu is of m u v r iinportcinc<\
S-16
SUEVEY OF CURRENT BUSINESS
1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
August
October 1941
1941
1940
August
September
DecemOctober November
ber
January
February
March
April
May
June
July
FINANCE—Continued
PUBLIC FINANCE (FEDERAL)—Con.
Receipts, total
thous. of doL. 553,833
396, 510
Receipts, net*
do
34,511
Customs
do
500,189
Internal revenue, total
do
58, 674
Income taxesf
do
Social security taxes
do
172, 686
Taxes from:
2,246
Admissions to theaters, etc.®
do
927
Capital stock transfers, etc.®
do
Government corporations and credit agencies:
Assets, except interagency, total .mil. of doLLoans and preferred stock, total
do
Loans to financial institutions (incl. preferred stock)...
.
mil. of doL.
Loans to railroads
do
Home and housing mortgage loans do
Farm mortgage and other agricultural
loans
mil. of doL_
All other
do
U. S. obligations, direct and fully guaranteed
mil. of dol. _
Business property
do
Property held for sale
do
All other assets
do
Liabilities, other than interagency, total
mil. of doL .
Bonds, notes, and debentures:
Guaranteed by the U. S
do
Other
do
Other liabilities, including reserves- .do
Privately owned interests
do
Proprietary interests of the U. S. Government
mil. of dol..
Reconstruction Finance Corporation, loans outstanding, end of month:1
Grand totalf
thous. of dol. - 2,363,687
Section 5 as amended, total
do
737, 864
Banks and trust companies, including
receivers
thous. of doL. 89, 787
Building and loan associations
do
3, 574
Insurance companies
do
1,551
Mortgage loan companies
do
180. 517
Railroads, including receivers
do
460, 953
All other under Section 5-do
1,482
Emerg. Rel. and Constr. Act, as amended:
Self-liquidating projects (including financing repairs)
thous. of dol.. 18,124
Financing of exports of agricultural surpluses
thous. of dol__
47
Financing of agricultural commodities
and livestock
thous. of dol-_
437
Direct loans to business enterprises (including participations).
thous. of doL. I 149,603
Authorizations for national defense under
the Act of June 25, 1940*... thous. of dol.. 409, 626
Total, Bank Conservation Act, as amended
thous. of dol.. - 435, 828
Drainage, levee, irrigation, etc
do__. -1 77. 243
Other loans and authorizations!
do __.• |I 534, 915
i
CAPITAL FLOTATIONS
Security Registrations t
566,388
447,196
23, 630
522,813
37, 645
139,131
711,124
710, 584
22, 627
672, 540
431,669
29, 437
365, 351
333, 258
29, 371
318, 578
44, 039
37, 614
484,796
362,078
27, 923
438, 484
48, 906
138,013
1,734
488
1, 684
486
2,194
12, 410
8, 623
12,371
8, 583
2 021
772
12, 398
8,613
12,518
8,680
1,189
553
2,336
1, 194
513
2,348
1,198
512
2,387
3,349
1,197
3,328
1,200
846
569
1,061
1,312
740, 929 371, 605 673,690 1,566,871 602,443
740, 226 339, 778 541,352 1,566.408 565,418
29, 783 33, 257 31, 630 39, 950 49,197
692, 937 319,169 502,046 1,513,017 352,005
428, 722 62, 759 104.408 1,207,513 74,881
43, 053
34,498 46, 613 193, 379 34,131
1,881
1,271
1,910
1,025
2,098
801
12, 645
8,639
1,208
515
2,387
12, 500
8,682
1,221
516
2,390
1, 174
523
2,424
12,676
8,614
1.136
518
2,395
12, 909
8,681
1,115
523
2,406
3,302
1,214
3,280
1,291
3,257
1, 298
3,208
1, 309
3,212
1,352
824
570
1,081
1,313
834
597
1,094
1,260
827
601
1, 113
1,296
829
593
1, 141
1,257
850
599
1, 190
1,367
8,400
8,403
8,406
8, 579
8,526
5,811
1, 354
1, 234
407
5, 809
1, 356
1, 238
4.10
5,808
1,354
1,243
412
5, 919
1,422
1, 237
413
5, 917
1, 395
1,214
415
3, 603
3,558
3,580
3,526
3,559
1,306
455, 556
412,942
36, 743
399, 783
83, 668
47, 926
1,744
842
13, 282
8,796
1, 730
770
1,690
754
2,222
13,108
8,800
13, 277
8,804
13,853
8,756
1,103
523
2,427
1,099
505
2,436
1,115
505
2, 445
1,101
497
2. 413
3,334
1,409
3,288
1,472
3,227
1,511
3,191
1, 553
863
600
1,206
1,392
3, 251
1,386
880
602
1,245
1,501
897
608
1,297
1,685
905
623
1,392
1,389
925
636
1,497
'1,415
947
653
1, 53/
1, 930
8, 599
8,592
8,696
9,377
9,297
9,417
10,142
5,915
1, 389
1,294
417
5, 914
1, 386
1,292
418
5,916
1,390
1,391
421
6,560
1,385
1,432
422
6,371
1,434
1,492
423
6, 370
1, 443
1, 604
424
6,939
1,442
1, 761
425
3,629
3, 666
3,792
3,484
'3, 388
3, 436
3, 286
,648,746 1,697,386 1,712,639 1,804,379 1,940,015
720, 324 751,498 763, 653 770, 730 768, 580
83, 898
83, 110 109, 214 115,028 112.026 108, 771
4, 597
4, 268
3, 998
4, 262
4, 690
4, 581
2. 176
1,790
2,105
1,998
1.906
2,077
151,456 157, 094 159, 534 165, 118 168, 044 169, 027
470, 039 469,769 472, 596 473, 881 481,961 481,977
2,753
3, 612
3, 554
3, 360
3, 49S
1,651,616 1,621,602
753, 087 715, 778
85, 226
4,625
2,188
149, 737
507, 627
3,684
541,159 1,277,092
393, 683 1,276,009
38,217
41,060
482,858 1,211,087
63, 271 916. 170
165, 204
31,817
19,511 j 19,486
1,981,699 2,020,115 2,088,893 2,152,843 2,230,358
773, 899 771, 727 752,300 751, 305 740, 224
105, 808 102, 702 99. 304
4, 368
4, 813
4,594
1, 742
1,722
1, 696
172, 452 173,118 174,640
486, 877 486, 938 469, 658
2, 652
2. 435
2,408
18,644 j 18,615
96, 702
4, 356
1. 669
176. 579
469. 634
2.365
92, 938
3,918
1,628
177,864
46], 567
2,308
18, 291
20, 509
21, 262
31, 785
19, 581
18, 550
18,490
47
47
47
47
47
47
47
47
47
47
47
47
520
520
445
445
443
443
443
443
443
439
439
437
117, 464 115,827
114,478
154,305 j 151,733
150, 462
93, 912 137,171
188,244
239, 194
306, 243
355, 741
564, 516 564, 744 559,420 556,711 649, 195 468, 853 463, 248 460, 313 458, 471
75. 859 74. 497
83, 360 83, 409 83, 507 S3. 460 83, 231 82, 897 83,161
92, 772 94, 141 115,875 90, 936 388, 378 389, 260 390, 389 391, 090
94,599
455, 198
78, 622
390, 766
451, 429
78, 626
435,102
129, 371
2, 055
563,561
83,223
99,242
128, 676 127, 906 126,008
12, 844
27, 316
63, 864
121,078 i 119,061
51, 387
71, 249
19, 443
|
(Securities and Exchange Commission)
Total securities effective under the Securities j
Act of 1933
thous. of doL_| 108, 230 123, 242 130, 581 287, 456 161,748 322,618 I 415,699 183,098 162, 828 186, 996 272, 521 163,584 648, 401
216
374
0
0
0
2,397
422
0
15,405
5, 743
665
2, 862
0
Substitute securities*
do J
11,838
29, 481
10,748
32, 048 76, 515
3,514
0
32, 246
3,369
5,851
4,758
Registered for account of others
do
4, 859 25,150
Registered for account of issuers, exclusive of
90, 574 109, 324 278, 345 154, 128 317,760 390, 549 179, 584 160, 431 154,948 195, 341 151. 530 618. 545
substitute securities
thous. of dol.. 97, 482
2. 297 327.760
6, 397
16,717
14, 162 22, 219 46, 931 25, 594 24, 620 18, 242 33, 033 62,174 30,861
Not proposed for sale
do
Proposed for sale:
Cost of flotation:
Compensation to underwriters, agents,
2, 726 i 1,272
3,983
3.410
3,747 I 6,882
10,677
4,874
3,248
1,174 i 4, 267 \ 2, 384
etc
thous. of doL_j 1, 595
1,055 1 1,749
493
720 !
374
727
1,233
695 i 1,626 I '1,261
657
Expenses
do \
551
874
145,452
! 287,765
88, 998
70, 074
91, 257 250,019 102,755 283,658 '-353,990 159,294 122,411 !! 89,839 159, 770
Net proceeds, total
do
i
To be used for:
J
|
12,642
!
17,493
; 148,024
18, 923
45, 432 14, 899
31, 996
New money
.
do
9,309 33,863 ! M S , 147
13,069 | 46,800 ! ^ 20.182
Purchase of:
j
4,
853
2,211
11.339
2, 256
4, 363
18, 039
0
13,381 ! 4,612 I 152, 842
0
23 493
Securities for investment
do j 9, 630
0
0
0
100
0
249 !
537
152
13
0
1, 372
C
Securities for affiliation
do I
20
700
1, 564
0
173
0
133
0
60
0
0
20
Other assets
do j
223,900 54 049 128,973
46 038 '54,650 144,390 ] 13. 247 130,033
58, 520
19,181
37, 342 233, 624
Repayment of funded debt
do
2. 546
7, 476
206
540
0
093
1, 802
60
13,000
2, 694
697 69,825 l 1,934 I
Repayment of other debt
do-.__|
fi. 598
0
101
5 069
175
0
2,268
1,897
512
25' 711
1, 123
9,427
Retirement of preferred stock. _do__.
681 | 18,256
a
0
0
6
5
8
0
4
0
10 |
0
0
Organization expense
do...
(
)
2
15
337
69
132
1 118
613
120
28
196
40 !
072
270
Miscellaneous
do_..
r
a
Revised.
Less than $500. ^Includes repayments unallocated, pending advices, at end of month.
fRevised series. For revised data on income taxes beginning September 1936, see table 50, p. 18 of the November 1940 Survey. Data on total loans of the Reconstruction
Finance Corporation and "other loans and authorizations" revised beginning January 1937 to exclude a loan of $146,500,000 to the Rural Electrification Administration, advanced in varying amounts during 1937-39, now classified under allocations; this loan has been excluded from data shown in the Survey beginning with the October 1940 issue.
Certain other comparatively small revisions have been made in the grand total; currently such revisions are not carried into the detail. Data on security registrations revised
beginning January 1938, see table 47. p. 15 of the November 1940 Survey.
* New series. The new item of "net receipts" excludes social security employment taxes appropriated directly to the Federal old-age and survivors insurance trust fund;
for data beginning January 1937, see table 50, p. 18 of the November 1940 Survey. For data beginning 1938 for substitute securities, see table 47, p. 15 of the November 1940
issue. Authorizations for national defense include loans, participations and purchases of capital stock in corporations created by the Reconstruction Finance Corporation
to aid in national defense.
® Excludes collections from national defense taxes under Revenue Act of 1940.
•si
October 1941
S-17
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1940
September
August
1941
DecemOctober November
ber
January
Febru- March
ary
393,713
182,
April
May
June
July
FINANCE—Continued
CAPITAL FLOTATIONS—Continued
Security Registrations!—Continued
(Securities and Exchange Commission)
Gross amount of securities less securities reserved for conversion or substitution, total
thous. of doL. 2108,038 116,780 115,167 273, 307 158,886
Type of security:
6, 650 39, 541 230, 483 70, 607
Secured bonds...
do
34,326
Unsecured bonds
do
1,766
46, 088 24, 878 22. 598 11,429
16, 465 16,016
23, 869 24, 263
Preferred stock
do
4,434
7,397
19, 375
Common stock
.
do
26, 578
18, 027 57,917
10,870
17, 637
130 35, 672
Certificates of participation, etc._..-.do
363
Type of registrant:
12,
750
3,177
Extractive industries--.
do
1, 731
0
70, 097 18, 243
Manufacturing industries
. .do
57, 245 55. 205 38,158
1,779
19,
407
6,
815
Financial and investment
.
do
49,
926
11, 223
7,722
500
0
Transportation and communications.do
200
0
Electric light, power, heat, gas and water
thous. of dol.. 34, 326 13, 319 50,386 189, 833 78, 052
700
10, 734
Other...
...do....
5, 244 28, 323
7,058
318, 856
543
157,
514
182, 325 269,620
161, 071 413,842
147,045 135, 365 133,159
2,983
107, 318 60, 037
6, 537 37, 565
48, 907
8,832
15, 552 31, 826
5
35
5, 598
82, 670
0
48, 422
2,151
24, 270
89, 770
33, 288
10, 570
44,010
4,687
0
250
115,944 114,377
19, 353 162, 693
209
69, 488
0
24, 097
2,983
0
0
41,013
25, 976
2, 468
571
65,136
72, 221
6,074
43, 668 151, 341
4,122
3,487
87, 729
329
37, 061 133, 644 121,829
1,263
0
755
283.876 232,414 711, 001 441,966 613, 226 420, 835 334, 037
95, 461 77, 056
129,191 113, 550 257, 841 263, 680 190,966
128, 691 113. 550 257,841 263, 680 190, 966 95, 461 77, 056
52,929
31, 550
67, 938 68, 006 47,728 168, 943 62,199
405, 553
182,311
182.311
86, 634
171, 360
11, 740
88,434 111, 480
0
49,500
1,000 268, 286
75,181
21,980
23, 094
56, 404 21, 111 94, 336
100
28,126
5,499
250
123,499
3,301
8,171
1,687
0
15, 605 17,166
4,190
5, 260
16, 690 354, 273
18, 094
20,119
Securities IssuedJ
(Commercial and Financial Chronicle)
Securities issued, by type of security, total (new
capital and refunding)
thous. of doL_ 470, 728
360, 284
New capital, total
do
360, 284
Domestic, total
do
327, 403
Corporate, total.,.
do
Bonds and notes:
323,825
Long term
.
do
0
Short term... _.
do
Preferred stocks
do
1, 603
Common stocks
do
1.975
Farm loan and other Government agencies
thous. of dol_.
0
Municipal, State, etc
do
32, 881
Foreign, total
.
do
0
Corporate
....-._.._
do..__
0
Government
___
do
0
United States possessions
.
do
0
Refunding, total
.
do
110,444
Domestic, total
.
do
110,444
Corporate, total
do
74, 427
Bonds and notes:
Long term
.---_-___
do
72. 530
Short term
do
0
Preferred stocks
do
1,897
Common stocks
.
do
0
Farm loan and other government agencies
.
.thous. of doL- 25, 420
Munieipal, State, etc
do
10, 597
Foreign, total
....
do
0
Corporate
..
do
0
Goyernmen t
do
0
United States possessions
do
0
Corporate securities issued by type of borrower,
total..
.
..thous. of doL_ 401, 830
New capital, total
,_.
do
327, 403
Industrial
do
52, 018
Investment trusts, trading, and holding
companies, etc
thous. of doL.
0
Land, buildings, etc.—
do
0
Public utilities
.
do
238, 085
Railroads
...do
23, 300
Shipping and miscellaneous
do
14, 000
Refunding, total
.
do
74, 427
Industrial
.
do
2,742
Investment trusts, trading, and holding
companies, etc
thous. of dol _ _
0
Land, buildings, etc
.
...do
245
Public utilities
do
71,(325
Railroads
.
do.. _.
0
Shipping and miscellaneous
do
60
Domestic issues for productive uses (Moody's):*
Total
.
mil. of dol..
303
Corporate
do
281
Municipal, State, etc
do
22
(Bond Buyer)
State and municipal issues:
Permanent (long term)
__.thous. of dol._ 46,120
Temporary (short term)
...do
169,317
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
.'....
mil. of bu
Corn
.
.
..do
52, 612
0
13, 427
1,899
63, 728
0
2,720
1,558
21, 530 166, 000
0
0
9,877
864
16, 321
2 079
44, 850
1,000
9, 703
6,645
50, 348
330
1,154
1,096
920, 916 405, 839 881,131 612, 092
746,178 206,750 519, 255 296, 024
745, 328 106, 750 519, 005 295, 624
39, 470 63, 874 90, 467 43. 569
28, 437
641
7, 324
3,068
60,945
55
0
2,875
74, 636
2, 010
10,387
3, 434
55, 972
0
29, 468
1,195
112,099
0
2,200
8,125
42, 000
98.014
52, 737 128, 767 40, 332 37, 381
0
0
0
0
0
0
0
0
0
0
0
0
0
0
c
0
0
0
0
0
453,160 178, 286 422, 261 325, 374
453, 160 178, 286 422, 261 325, 374 256, 981
345, 347 93,943 334, 580 271, 388 256, 981
9,440
86, 237
0
0
0
0
223, 242
223, 242
115,288
645, 442
5,440 309, 741 212, 212
37, 436 58.797
39, 843
60,416
0
400
850
250
0
0
0
0
0
0
0
0
0
400
850
250
174, 738 299, 089 361, 876 316, 068
174, 738 299, 089 361, 876 316,068
107,181 197,102 113,390 86, 468
65,931 292, 017 251, 892 208,911
703
16, 670
0
2,000
17, 398
2,286
25, 595 38, 702
0
540
3,861
416
83, 680
0
31, 607
0
4, 000
92, 829
0
0
0
0
180, 832 133,601 393, 075 262,886
67, 938 68,006
47, 728 168,943
17, 544 16, 268
23,124
2,834
14, 300 30, 800 17,425
12, 544
73, 381 23,186
0
0
0
0
0
0
0
0
0
0
0
0
396, 778 324, 316 258, 562
52, 929 31, 550
62,199
6,311
10, 243
19,057
106, 472 161, 757 108, 087 75, 793
0
709
0
0
35, 345
0
5, 303 10, 525
0
0
150
0
27, 725 28, 300 222, 860 215, 553
39, 833 73, 687 25, 626 14,047
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
201,922
86,634
26, 612
0
0
0
40
148
25
18,521
5,894 141,335
25, 576 15, 258 23,840
6,325
10,160
909
65, 595 345, 347 93,943
7,275
86, 660 53,586
0
0
0
65
0
155
6,527
5, 336 10, 715
18,010
12,030
30,395
637
25, 776
1,421
334,580 271, 388 227,012
1,107
33, 575 99,406
0
106
39, 661
3,120
17,136
115,288
41,500
0
0
'60. 753 45, 544
0
500
0
0
0
0
0
500
154,684 118,894
.154, 684 115,694
112, 894 65, 595
227, 012
108,447
0
4,421
63, 579 331, 651
0
836
1,180
13, 651
0
45
27, 525
«• 14,266
0
0
0
0
26, 000
24, 099
3, 200
0
0
3,200
0
90
30,232
14,292
200
112,894
60, 776
0
77
25,211
25, 300
1,530
100
53
47
28, 050
79, 764
0
0
0
0
0
0
367
490
46,430 207,334
50,558
7,900
428
3, 500
103
63
40
67
40
27
77, 622 182,493
89,291
77, 354 100,957 117,406
451
81
360
62
360
66
59, 465
24,879
0
0
0
0
0
4,000
0
3,837
1,202
3, 592
24,894 221, 274 134,940
0
9,790
1, 329
10, 541 74, 529 23,415
211
165
46
139
28
111
80
47
33
0
1,250
161,424
50,718
2, 513
0
2, 876
67, 602
3,000
309
51
27
24
102
53
49
79,802 202, 402 ' 77, 939 190. 287 '104,231
63,074
167, 225 96,146 175, 389 177, 957
406
91
283
68
228
47
277
44
439
58
146,650
39,470
8,781
260, 976 203,857 130, 038
63,874
90, 467 43, 569
19,459
29, 454
4,068
0
0
0
0
0
386
0
47
3,775
7, 584 10, 559
18, 401 36,
715
22,
852
51,
235
9,100
3, 925
6, 0G0
1,808
3,141
113, 390 86. 468
107,181 197,102
51,170
34, 875
21,886
37,007
0
0
0
o!
2,875
1,929
0
328
39,186 138, 882
45, 593
83,317
0
4,000
0
6, 860
4,175
25,059
6,000
1, 000
89
75
113
67
54
23
63
38
3a
52
29
50
101,900
89,394
432
57
116,270
138,683
144. 647 M51, 755
81, 995 •150,913
504
53
SECURITY MARKETS
Brokers* Balances (N. Y» S. E. members
carrying margin accounts)
653
677
606
622
633
661
634
631
635
628
666
Customers' debit balances (not)
mil. of dol._
616
203
199
185
199
207
199
204
189
215
218
214
Cash on hand and in banks
do
1S6
381
387
399
375
460
368
403
370
383
427
395
368
Money borrowed
do
269
268
275
267
268
281
Customers' free credit balances
.
do
262
265
262
255
256
r
Revised.
* Includes $154,350,000 in face amount installment certificates not included in the break-down by type of security.
2 Includes $4,800,400 in face amount installment certificates not included in the break-down by type of security.
JFor revisions in 1939 data from Commercial and Financial Chronicle, see notes marked "$" on p. 34 of the September 1940 and p. 35 of the March 1941 Survey,
*New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17 of the September 1940 Survey.
f Revised series. Data on security registrations revised beginning January 1938, see table 47, p. 15 of the November 1940 Survey.
30, 377
0
9,825
3, 367
24,851
637
3,752
2,310
457
37
628
189
388
26(5
SURVEY OF CURRENT BUSINESS
S-18
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
ober 104
1941
1940
1941
August
lumber
October I Novem| ber
Dncem-
Janu-
February
March i
\i>n! I Ma>
! July
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds
Prices:
Average price of all listed bonds (N. Y. I
d
Domestic
do
Foreign
. .
.
do
Standard and Poor's Corpor ition'$
Composite (60 bonds) dol per $luO b< t.d
Industrials (20 bonds*
. .
do
Public utilities (20 bonds)
Rails (20 bonds)....
do
Domestic municipals (15 bonds; . . .
U. S. Treasury bondsf. do
Sales (Securities and Exchange <"\»miri ^
Total on all registered exchange-/
Market value
.
th<»u-.
Face value
.
. ..
On New York Stock E\chaniTo
Market value
d >
do
Face value
Exclusive of stopped saleM\ Y S E ),
face value, total
tbou- of do]
do
U. S. Governrm nt
Other than U. S O u \ t , tot >1 >!•>
do
Domestic
Foreign
Value, issues listed on N . Y. S. E.*
Face value, all issues.._.
mil
do
Domestic
Foreign
d"
Market value, all issues
do
Domestic .
do
Foreign
_ _
• 4 s<,
9s 5s
I s *•)
9" 72
15 2 s
11 V,
»7 7 s
r. f.o •
s7 s
H 47
VI 2
mu »
.110 t,
t 1 O
57 5
121 2
!()(/
•#4 3 2
Js. 2".
47 01
M) S 2
s^ r
M 1
mo 2
"i
()O "
127 '»
i
>>>
91 7 u l
Ml
14s 9 , t , ' i s "
71,506
m. mi
127. .11"
1! 2!1
5> r>7t
s 2 , 421
Mi, h6
m MIJ
7", i'K
1 J1 • 2')
!2" r
128 i
111 '
12") (190
7"
I*1* op'
M 2.7
2 i n 'KT
l j i t.4"
i ». "is}
MM 1( 1
211^ ()«l
l(>n 14'i
2 2 s '2sd
212 <ii,
121 1 2 i
iO'i 2t.">
l l i ' i ,
J2*< 4 I
n,r
lllO
. \
(,1J
M)9
(>{ 21 >
)'<
1 1\ }x
i » '
1 lx
J" l », 7'it
9s i
").' U S
11 !
•
21 ,
211 S s 2
2'2,')*.,"
l(»l». 17 5
17. / ' i
'*..ssj
i"i».i>
'2 r s
")J J,~
l'», " 7 7
">4 u . ' J
4(\"*2n
' 1 ] }<»
l'<7'»«
1 1 2'2".
4*! s<M
r
n f -u_>
1, ii>0
")0,7"'i
1. U')
"') M i
i. . 4 0
no. 471
1 i\\
*)(*. 27/
t 12*
">2, 2">2
i \ 7fis '
],"ss
4 s s71
• <• p
4S, ,sr,
1 fNs
i s , {(»7
' *7 I
*i) 2 4 9
2 tM.-'
.71*.
'j in,
2 0 . ' 471 | ! 6 ) , 2 7 2
I i'i 4294S
2"7 (»71 i 168, M%
IH.^'I i
i , (K<, ( 1 4, 493 | H 212
I- ;^
" .<>7"< '
"; n< J
"1
222
]
7s,
10C, 577
ls'« 11
04
>1
' _'h2 !
V ,VV
".') "«1"> I
2 On 4 \
2. 26 j
2. OS
3. 50
3. 29
*> 7 4
i
o
2i • >, 0 1 2
»>, 4 2 ' ^ 4 s Mot,
)')".))
it)4
121.'.u
19.
4
19
17,
" . 217
" i . MM
^ ,
\'\
tilt
S» "
su 9
100 9
t>2
1
n<~>
Yields:
Bond Buyer:
Domestic municipals (20 cities).. percent
Moody's:
Domestic corporate
_
do By ratings:
Aaa,..
do „.
(
[Hi "it I
1 ! 07
2.85 •
3.03 !
3.55 !
4.76 !
2. 82 S
3.01 i
3.52 ;
4.66 !
;i 3u
3. 39 |
SO
:
2 82
3. 04
:i 38
4. 33
2.81
2.99
3.34
4.32
t
i
i
s
2
2 9"
;•; 31
4. 31
2. 74
2. 90
3.01
2. 90
H ;
3.20
)7 i
3.48 ;
I 4')
A
,
.
do.
3.24
i 4s
4. 2s
4.56 ;
4.27
Baa
. . . _ _ _ . . . . . . _ . -do's i
By groups:
!
2 9tf
> 00
;•; no
2.90
3. 12 |
3. 10 I
3. 06 !
2 9s
)'2 ;
3.02 i
Industrials
..___do._,.|
2.90
3.07
3. 16
3.13
3 10
!7 i'
3.23 |
3. 19 '
6. i s ;
i l l
Public utilities
........_..do_..J
3.06
1.03 ,
3. 02
3 96
3.95 '
3 y."
JS !
4.30 i
4.23 :
4. 15
4.07 !
1. UO
Rails
. . . d o .._.i 3.92
I
Standard and Poor's Corporation:}
I
2. 03
2. 16 i
2. 14 i
2. 28
2,07 j
2.49 !
2.44 !
2.32 ;
2. IS i
Domestic municipals (15 bonds)
do . __!..
2.0'
i 89 :
1.9!
J.99 :
2. To !
!. 00
1.92 i
2.25 '
2. IS i
2. 10 •
1.97 ,
U. S. Treasury bonds
, -do......;
1.94
Stocks
Cash dividend payments and rates (Moody's): i
Total annual payments at current rates'(600 '
i , 7 9 1 <M i 7'»»> " « i 1
71 > n s 1 ~11 12
7si ;: ' -•..
companies)..
mil. of dol. 11,822. 61
(
s
M-)S ( i s
M W ()v
' t i s OS
' M s ( v,
•Mt. H ' 9 •
Number of shares, adjusted...
..millions.. I 938.08
9 in 1 l
))'» 1 '•
Dividend rate per share (weighted average)
is;
l s*
1 St»
1 90
' Ml
i 9'
1 "2
i 94
i
(600 cos.)
.dollars- I I . 94
1
J Ol
. ('I
? 0]
' 0!
3 Dl
". 01
i 01
3 Dl
1 i»l
< 01
3 . 01
Banks (21 cos.)
..do... !
iH
l . 93
191
1 «^
1 79
17)
1 sj
1 ss
1 SO
I s(j
Industrials (492 cos.)
do.. . j
2
'
M
1
M
- '.4
2 "1
2
2 59
Insurance (21 cos.)
„
..do.. - •
2 51
2 *l
2 "i
2 '\
2 "4
2 '>\
3 (<~
1 92
1 91
1 91
1
Public utilities (30 cos.)
..do. - - •
1. 92
1 96
1 96
I On
1 M7
1 M7
1 (*4
r
] ^
1 "i«>
1
Rails (36 cos.)
'
do...- !
I .,«•
I in
\ H
1 17
i "J
1 V>
1. 56
Dividend declarations (N. Y. Times):
i7*» s 7 2 2.',i 7 57
Total
..
thous. of dol. ! 3 8 0 . ;*>92 3 6 " n i 2l)M, }S2 221 104 IIS'J " 7 4 | <->] " 2 1 2 1 s , / , 1 7
Industrials and miscellaneous .. .
do . . ; 362,418 : M 7 . U\ 21)7 3 " 4 21 i M i » i"> l i d ' ' 0 ' M " 2 2(>4 J 7 4 «n() *21O 2 2 t . , W>
M) Y,:
Is! !P
1 ' K)t
I s 22J '
2 12s
7 "til
" n , }<>', ' 2 ' M t . q
j< 7t ,
i " (,t,2
~> \22
! 18. 174
Railroads
do
Prices:
i
Average price of all listed shares (N. Y. S. E.) •
Dec. 31, 1924= 100. J
56.5
Dow-Jones & Co., Inc. (65 stocks)
•
i <
If)
*»
VI
4 i »)()
i <M
H 40
14 7 2
11 21
U) 71 I
1 i s2
dol. per share . : 42.99
() i "i
l M) 41
' 2 7 17
' J ) in
122 "2
HI 4o
li«» 17
121 6S
!/] "7
Industrials (30 stocks)
do. ! 126.07
jM ",(,
>) M1
i
Is
i M 37
is
' 7 ",n
2(i 17
17 •>!
22 IS
22 07
21 22
Public utilities (15 stocks)...
do . ..< 18.50
2s 4 s
' «
7 t> 1
2 s 2">
2'» 01
27 5 4
2s 1 •, i 2s s i '2'I ,l<
2s n \
2s H
Rails (20 stocks)
d o . . ' 30.19
1
(
^> 1 71
>.s 2M
s7 0 7
s 7 i,t>
S"i
9 ' St. 1
j t> s
21
9 ) 24
M
M6 27
97 29
>2 2 1
New York Times (50 stocks)
.... d o . . . ; 9!. 32
j " \ 2(i
1
")l
S')
I
19
1
~b
n'i
17
1
2
lt>"
4
3
C
l"ii)
7
1
(,
lt>4
4
s
M
5)
17?
2f.
Industrials (25 stocks)...
_
... do.... i 160.33
'<20 1_
20 It.
21 t)t)
><' 9 4
20 t
o 21
21 0"
21
Railroads (25 stocks)
..
do
22, 36
Standard and Poor's Corporation:§
;
V.
- ^ M
V,
7
s(i I
so , t !•
i 9
Combined index (420 stocks)
1926= 100..! .
v
y
<j ^ (1
s -l
s
87' M
S 2
'•? 7
Industrials (350 stocks)
do . .]
1S ;
iOM s
i0( ) 0
111 i
11 7
10*'
h) " 7
Us 0
Capital goods (107 stocks)
do 1
]
^,
s
i
•> 7
M
s7
1
S2
(
i
7.
7s
Consumer's goods (194 stocks) ...do
I
7
hf* s
(I (
7s o
7! "
71 b
(,
si I)
~7 t>
SO 2
so 3
I
Public utilities (40 stocks)„
do. . . j
:
2K,
«.
>
9
2
^
7
-'>
1
•
4
t,
7
\
27
7
2v
2
7
4
21 M
27 0
2'
"
Rails (30 stocks)
. ...do
| ..
Other issues:
j
1
M '»
4'* u
i •
"•"> 9
'2
> b
").I 7
'A s
Banks, N . Y. C. (19 stocks)
do....! .
Fire and marine insurance (18 stocks)
J
- I
>
i<i
i
'
Ml
1
M")
1
9(
U '<)
1926=100. i
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
I.thous. of dol . j 415,088 320,913 j 472.742 i 591,703 I 87»>, 452 i 706.231 i 613,194 ' 403,344 * 383,34s I 416,674 | 384.462 411,012 ! 6H.464
18.052 • 29,073
14,214 I 20,728 I 24,006! 37.022 | 33,003; 26,545: 18,555 } 19. 169 \ 20.217
17,618
Shares sold
thousands j 22,087
On New York Stock Exchange:
!
350,
146 i 522.47o
Market value
.thous. of dol.. 346,227 270,471 i 406,925 j 505,193 763,481 | 50(i, 806 ! 519,360 i 336,505 I 318.750 ; 347,710 323,885
13,740 ! 22,226
10.420! 16,206! 18,522 1 29,040; 23.744; 20,064! 13,481 i 13,688 j 15.356
13,194
Shares sold
thousands
15,858
Exclusive of odd lot and stopped sales
i
I
I
I
!
:
:
',
9,661 \ 10, 451 i 17,87!
(N. Y. Times)
thousands.. I 10. 87"
7,616 I 11,941 ! 14.484 i 20,893 1 18,400 i 13,295 : 8,971 i 10,111 i 11,178
§ Formerly Standard Statistics Co.. Inc.
t Revised serifs. For data beginning l(.i31, see table 55, p . 17 of the December 1940 Survey.
.s|
1
1
S-19
sntVKY OF (TKIIKNT BISIXKSS
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
IJMl
^., , u , (
i
KINA\TK
RITV M A R K E T S
!
Mav
Co: P
- ' i i p s listed, N \ . S 1* •
M a r k e t •v.nJi", all l^ft (l .>h i i " i), of do 1
N u n i b - T of «slii.K's li-Lud.
millionVid.lComrn-m - t o r k s »20*>), Mi-tiiU
inn--at
B a n k s '15 *-t«,eks).
do
I n d u s t r i a l - <V25 stocks)
do
lllMll.UU'i1 (W -tOf'kst
Pllhiic lit J^ltlOS <'25 Sl.M'k v
Kails .2.»si<,ok-). I'nferred stocks Standard and I'M >r\C
I n d u - i r a K hmh-gradc (20i!oiks> pu
1l,s«)l
i l,.o
iJ, f\. 1
in. 2S0 i
3. 155 !
." \
5 9 |
4. 1 :!
1 3
1 7
»; o
i, 157
37,711
I,4h3 '
37,815
i,4G3
39, 008
I, 403
41,051
1,463
6.4
4.9
6. 5
4.3
6.8
6.5
6. 1
4.5
6. 2
5.8
4.5
5. 8
4.0
0. 4
5. 9
R 0 i
4 5
1 2
1 4
H. 7
1 2
0 2
«>. 2
r. o
(i. 5
6. 4
4.97
I. U0
Stockholders ' C o m m o n Stock)
g
i v n n s v h a i i ' a I i . K C\. , luiii 1
d.>
Foromn.
.
do
{' < Meel C o r p o r a t i o n , li>ml
do
lM.T"iirn
- do
< l i : m - held 'iv broker^
p e r e n < ol total
030, 956
5, 009
l>. l . d
206 ' 07
2 712 ,
200, 0. r 0
I 2 0 4 , : 76
1
1. fi^O
2, 721
1,581
I 101.7S5
' 114,(^7 1
1
25 ::o
TKADE
INDEXES
i< \porl.s.
Total: \ nine, unadjusted
1*^3 25 i
Value, adjusted
,
do
C. S. merchandise, unadjusted:
Ouantity
do
Value .
do
Cmt value.
<lo
Imports:
! otal' Vnluo, unadjusted
do
Value-, adjusted
du
I m p o r t s for consumption, m i ; j d j u - u d :
(^uant it v
1923-2.
d<
Value
Unit value .
d<
V^ncultural products, q u a n t i t y
K\port>. dome-tic, U>Ud:t
1921-2!
('Tiadju.led . .
d.
Adjusted
'1 fttm, e\( hiding eotton
d<
I nadiiMed
d<
Adju-t«"l
Import-, for consumption *
d<
Urruiju-red
Adju-'ed
-I-
102
107
J
Xi j
UY)
sO
135
20
s5
07
121
7s
71
70
138 j
6!*
7i
111
101
:o,s
' 145
101
70
122
s7
71
117 I
ioi !
I HO
91
*rA
11s !
133
sO
132
58
5S •
r.n
f>3
17
16
20
22 |
21
30
33
20 ,
70 '
20
:
31
41
2"
39
54
ii
122
1 29
120
13C
111 '
125 :
VALUE s
'\,'*ort s, t o t . J , incL r ' • Kportfh"iis
R\ ^.raod div i s i o n s a n d c o u n t r i e s '
\!nca
Vsja a n d Dce-^ni'i
do
do
lapan
F.uropt
France
do
do
• I..
l!\l v l l l . l >
United kingdom
North \inerioa, northern
,\\A. in.-.
30-S, 113
11,094
If.. 624 ; 22,017 ,
».«) 105 ! 51 5 s7f. !
V.i.AVA ' 11, 5S8 i
1 It! 32!' ' 12';, 7 7 2
1 ''
'it«. 9 - i 7
i u 751 ; is.';. :,ii
•».
2f. 195
' 2 2 . OO3
do
do
T i u d e foodsttills .
\ l f d . foodstuff* m i d b e \ t r a c t s
.do
do
do
do
do
do
do
,]n
--d«>
.
do
do
do
do
do
. do
..do
. do
. do
. do
.'.57.23;')
3S5 151 • 3^1.03(1
i 25, 309
iu{,.i»;i i
70.707
•'.{' 252
.'r;. s o ; i
7. !9s
Ml. Ofrl
34. VA7
1'). 170
2!'. 171
5 151
('• .'0 7
'. 75.?
311. 92 i ! -js
•21. I''.! ; 2
3. f.10 •
3!). !70
1.97t
r,.sni
10,357
i:;. 351
2;» i s s
30. 5H
{
•>. 772
i'.. 71'.»
5. 920
32 i. 275
21. 000
10, 551 !
31,S21 i
4,731
lO.Olf.
2'I. 153
C. 117
r>5, 233 ;
1.1 SsO , 1.4.411. j
33.0JO
30.. 022
8,507 :
29 !8s ;
(
"». MOO j
i 210
3l7,95:i
10.092 •
3. I2O
s,si:1. ,
3.219 j
3 ?ss
10.23 3
2 s87
10. 85'J
J.'.Ml i
2.01S !
1,7.30 !
V ; ^ ' [27, (.23
n i t ; ' 72 137 •
200
70 M 3 '
715 , «>. 220 j
13,193 j
'"•. KM)
3'i. OS] ,
11.992
5.85,s ;
1, U>6 \ 10 505 i
\, 107 !
9S, 273 350, H'» •
15. 2 il ; 39.05s _
10.010
2, 811
l.i. 10!t
2, 09<s •
's 1,1.65 ,
70 611 ,
12.071 ,
13.770 ;
42,9-. !
7. 6i»s i
1.M77 j
4.211 '
0\),
08.
37.
11,
31 \t
, 93
1 ) 2i>2
in ^'AJ
12! 531 ,
l.M.i
i. 9 3 3 [
!. s.7.)
L 751
1.S37
2 . •»').'. !
1. 7 1!'
3, 3 ! 7 i
2. 91«",
2 1 V.
2, 7(I >
l.Osti
2, lo^ 1 3. 0 3 0 i
SI )2!
, 154
70. (.5!
00. 1)11 ,
.'f'., 973
201.730 ! 171. •'.:{«» ', 207, !!»5 ' 211.373 ' 2!3,9(.i7 ' 2is
210,05--'. ' 251. 2 0 0 :i
15. (.15 ' !5 735 • 22,531
21, 170
24.02s ; 29, OS!
:*, 733 '
i 690 J f), 915
0,615
"•;! 101 i
4.250 ,
.2, s73
f-A, 327
50 s!,J
52. 05s i hl.Olf'
(>2,
s,.'i
•"0.993. 51,
' 120 I t d ! 601 !
220,217 191,92s j 207,111 ' 223,130 253.099 ; 22s, (Uf, , 233,702
••
! 207, 7 s i i
:
!
<s, 7 3 9 '
ll.f/Ol
12,5s]
9,711 j 13. lid '. VA,MA \ 10.20:5
11. 593 •
9 0 , 7 9 5 j V i . 2 2 0 I M». M 1 \ 9 3 , 2 5 0 ' !(j5,823 I 9 1 . 1 1 7 ! S9, 098 j 100 303 j
13, 277 i 1 1 , 1 2 1 !
18,301
21,07b,
11,033 j
w,.Wli
8,127
10, isS 1
20. 500
15,762,
l\'AAl\
21, 'i(Ml j 26, J S 7 | 20, 119 | 17,911 1 20, 100 1
055
267 '
415
!.S7O •
1,301 l
193 !
f;72 1
.',35 |
is:{ '
231
231
570
1SX
531 •
295
717 .
15S
110
71
23
81 '
25 ;
39
20
13. 2St»
9, 2M.i '
9. s / 3
10,128
13,010
9,742'
9,413 ' 12 583, i
41,029
10,509
3H, 103
41,122
43,019
30.5s0
35. 12S 1 38 592
39.107
3.9, 197
3 s , 050
12.533
41,9!3
35.186
37. s 3 i ;
31. 2s 7
7. 52s
0 I
0 i
0 .
0
95. 5051
110, iYM
tY2. 41 ( l
0 2 . 4:<W i
:)0l
is.
3.
11.
1,
2f>9
9(>3
306
70s
211
<)79
001
054
012
732
751
550
25, 3.23
,Si 3 s s
10 935
A 2f,2
2, 172
3. T23
f>.\ i M)
2'i7, 218
30 511
3, 3!U
59, 031
29 0 930
12. 315
14. 075
115 210
10, Sli'.t
23, 355
398
0S2
36
< j 570
49 506)
is. l(t'2
;•?,
3.
r.7.
271,
2s,
2.
2s7.
9", s l C
1!. 1)20
35'. 793
S90
2sO
18
15. 04!»
10. 189
39. 357
t
•A9,
:ro i
0S7 '
17s |
134
\'A. ()27
3, 316
l's ( >. 3 2 7
{•'•>
o i
0
IIM. H.s
75, 333
71.307
35, 70s
12,597
31.003
0, 75.)
s. (/('I
A. ()7>.
37''.. 351 ' 323. 72s
2s. f. 17 ' 29.0.11
1 'iKi ! 1. 710
Revised.
Less than $500.
) Formerh Standard Matisiics Cno., Trie.
Revised series. Indexes of agricultural exports have been revised to a new base. Earlier monthly data will be showifin a subsequent iv-u<.
New series. Data beginning 1915 for indexes of aerk-ultural iini)orts will be shown in a subsequent issue.
Data ior 1939 revised; see tables 14 and 15, pp. 17 and is t,f the April 1941 issue.
3 2 " . 77(1 35S, »)t9
20,
35, 121 , 2s 351 |
, 1 01.753 •
71,O7s , 52,
11.10s , 10. 1!2 ,
\ 119 I
'» ''21 I
5,
90. :W. > 113.233 '
111), 109 j 111.
' 375 I
J.329 • 1 15, 9M ,
0
do
Vorth Amirici, -out hern
do
Mexico do
•south America
do
Yn/ent ma
do
Tira/il
do
Chile
r S. merchandise, b> economic e l a ^ es"
l'< f-ll
- tllOIH . of do'
d<>
< ' r u d e nifitenal.s
do
('ott'm, unmanulacinn d
do
•
f
*
§
12 615 |
do
UO
Fruits and preparuf ions
\TeaN and iaN
Wheat and flour
Semimanufactures
Finish' d manufactun s
Automobiles and ports
Gasoliw
- Machinery
General imports, total
Bj ^rand divisions and countries.
Africa
. . .
Asia and Oceania
Japan
Furope
France
dermanv . . .
.
Italv
Trnted Kingdom
North America, northern
Canad:.
.
.
.
», 215
ol d-d
'
;
!
!
|
'
'•
0
0
'2s. 77!
1)9. 101
>iS. 076
29. 92fi
s.337
W), <).;5
9, 70*1
i l \ sou
:n.K si> 1
!,5!0
33. 173
• >"')'
sin
< 17
l l ! 251
573
51. or.;
210, ' 0 1
21. 171
1, AlA
15. 137
279, ")30
11, 110
102.
13 000
21. 500
371
502
9, 797
-19. 311
IS ! 5»;
7. 291
•A\ 172
3. 210
I 7, 32 1
2,0 is
53, 279
2L0, 025
3, 21 1
lr>, 5'0
277. s 17
13.55.S
23. 5)8
91
1 15
1
11,392
46, 558
44,5S5
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1941
1940
August
September
1941
NovemOctober
ber
December
January
February
March
April
May
June
July
FOREIGN TRADE—Continued
VALUE §—Continued
General imports b y grand divisions and countries—Continued.
North America, southern
thous. of dol._
Mexico
do
South America
do
A rgent ina
do
Brazil.
do
Chile
do
Imports for consumption, total
do
By economic classes:
Crude materials
„
...do_.-_
Crude foodstuffs
.
do....
Mfd. foodstuffs and beverages
do
Semimanufactures
.
do..._
Finished manufactures
do
14, 722
19, 571
6,330
3,876
30, 355
25. 075
5,170
3,648
8.396
7, 122
6, 372
5,164
214,106 196,312
16,440
5, 105
33.650
5, 010
9.904
6,378
213,133
14,884
4,811
33, 383
6,902
9,340
4,435
217,175
15, 782
5. 769
48, 024
11,613
12, 711
6,709
238, 275
24, 474
7,743
46, 837
11,186
11,644
4,999
223, 595
28, 072
7,516
53,825
11.732
15, 383
9,139
216,623
33, 948
8, 936
51,246
12, 624
13.295
7,917
254, 553
39, 787
9.237
61,597
15.718
15,944
10.848
274, 593
38, 706
8, 365
56,048
14,437
17.167
8,200
281,351
35, 445
7,428
56. 325
16,713
11,771
5,730
261,097
31.554
6,945
43.964
13,364
10, 307
9,462
264, 685
80,113
18. 098
19.026
46, 510
32, 565
88, 904
22. 625
21,176
46,045
34, 383
93.838
22, 695
22, 444
41,383
33,816
110,375
25, 931
19,435
52, 009
30, 524
97, 633
30. 291
20, 552
47,131
27, 988
91,805
31.211
22.940
42, 208
28,458
106,674
32,892
26, 652
57, 936
30, 399
103,437
36,621
33,125
66, 377
35,032
116, 777
36,418
34, 370
57.862
35, 925
110,609
31, 988
28, 082
54, 553
35, 864
119,260
22. 886
24. 320
62, 248
35,971
88,495
21,515
20. 588
50, 342
33,166
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue.
._thous. of doL,
Operating income
do-...
Local Transit Lines
Fares, average, cash ratef
cents..
Passengers carriedt
thousands- _
Operating revenues
thous. of dol..
Class I Steam Railways
Freight carloadings (Federal Reserve indexes):!
Combined index, unadjusted... 1935-39=100..
Coal
do
Coke
do
Forest products..
do
Grains and grain products
...do
Livestock
do
Merchandise, 1. c. 1
do
Ore
.
do
Miscellaneous
do
Combined index, adjusted
do..-.
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 loadings (A. A. R.):^[
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, totalt
do
Box carst
do
CoalearsJ
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
Canals:
Waterway Traffic
New York State
thous. of short tons. .
Panama, total....
thous. of long tons..
In U. S. vessels
do
St. Lawrence
thous. of short tons..
Sault Ste. Marie
do . .
Welland
do.._.
Rivers:
A llegheny
do
Mississippi (Government barges only),do
M onongahela
.
do
Ohio (Pittsburgh district)
do
|
9,632
69
10, 055
87
10, 624
82
10, 542
67
12, 70]
10, 032
68
9,961
82
10, 536
95
10,814
72
11, 238
153
10,839
74
10, 874
7.8144
802. 396
7.8253
726,151
54, 097
7. 8253
762,107
58, 452
7.8253
830, 741
60, 542
7.8253
801.646
58,489
7.8253
860, 704
62, 623
7.8253
837, 903
59, 579
7. 8253
777, 294
56, 220
78199
864, 844
61,192
7.8199
847, 071
61,427
7.8061
856, 239
62, 347
7. 8144
831,816
59,547
7. 8144
796,105
58,576
140
139
167
160
125
80
99
271
141
139
158
199
152
103
84
99
155
141
113
109
136
121
117
91
96
244
110
112
124
162
115
96
96
95
139
110
125
120
144
132
1J7
129
100
254
124
112
114
147
122
106
98
95
145
112
125
104
149
135
107
152
100
238
132
110
91
119
128
100
99
96
181
116
112
121
167
119
87
92
95
46
116
119
107
153
133
96
96
99
164
125
113
124
174
124
90
84
94
45
115
122
109
145
138
102
88
99
180
130
115
129
183
128
85
75
98
45
118
124
113
149
133
102
93
10]
181
131
120
132
175
127
97
74
101
50
124
126
128
168
127
113
93
100
192
128
108
38
120
130
96
82
103
203
131
112
45
137
130
113
93
102
266
130
131
117
167
135
107
82
102
276
138
135
138
182
130
124
91
102
266
136
136
131
170
141
123
102
152
139
138
127
172
149
163
70
99
283
139
138
150
200
149
112
83
100
156
140
3,135
562
44
157
160
69
606
279
1, 260
3,269
505
47
167
154
86
636
274
1,400
88
27
45
3, 780
695
61
193
166
86
752
213
1,614
96
33
42
2,718
560
50
141
118
50
578
49
1,171
129
45
57
2,737
577
53
144
123
47
569
50
1,174
110
43
42
2,824
605
56
154
116
41
597
51
1,204
87
32
31
3,818
818
70
197
172
52
797
69
1,643
71
26
23
2,794
163
38
159
136
46
648
214
1, 390
190
31
139
4,161
676
64
205
184
57
795
387
1,792
72
34
17
3,510
642
54
175
172
39
638
301
1,490
71
34
17
3,413
578
53
174
230
38
603
313
1, 425
67
27
20
382, 603 413,590
316,125 348,169
36, 094
33, 465
260, 179 276,717
48, 231
49. 885
74, 193 86, 988
30,733
42, 654
375, 364
315, 204
31,244
259, 455
44,810
71,099
30, 809
792 377, 374
350 309, 580
840
40, 159
134 268,969
S67 46, 048
791
62, 357
078
19, 705
358,413
296,146
36,511
255. 590
44, 344
58, 479
14, 964
416,319
346, 633
40, 030
283. 329
52. 363
80, 627
35, 256
375, 008
305, 230
38, 348
274,938
47, 501
52, 569
7,264
442, 286
370,903
37, 493
296, 590
57, 065
88,630
43, 137
4, 464
840
66
248
224
55
784
386
1,861
47
19
11
493,674
410,213
49, 773
313,843
68,513
111,318
3,718
657
54
186
••207
62
755
' 348
r
I, 450
104
51
30
381.538
310.667
40, 974
267. 571
'47,437
'66,530
21, 725
33
24
122
121
159
129
96
124
98
145
125
116
109
150
131 |
98
98
97
181
120
381,
308,
40,
266,
36.
78,
51,
i I
101
265
141
139
156
189
136 j
126
88 I
455. 023 4S5. 446
377,534 405, 503
47. 402
44, 832
298 932 310.035
62, 829
69. 097
93, 261 106, 315
52, 800
63, 528
36, 398
. 926
2, 480
37,058
.923
2, 144
38,614
.965
1,922
35,949
. 949
1,772
34, 904
. 953
2,312
36, 063
.885
2,216
34,182
.899
2,029
40, 577
.929
2,229
31, 615
1.052
2,170
43. 398
.932
2,140
44, 036
.927
2, 564
46, 007
364. 8
298. 4
36.7
307.6
57.2
14.9
376.9
312.9
34.6
309. 5
67.4
25.3
363.0
298. 3
35. 0
311.5
51.5
8.3
379.0
314. 3
34.9
311.7
67.3
24.9
400.8
333. 3
37.6
315. 8
84.0
42.8
389. 3
320. 7
38.6
315.9
73.4
32.1
402.4
332. 5
40.1
318.6
83.8
42.8
417.0
344.5
42.7
334.2
82.9
40.8
382.1
309.6
41.4
323.2
59. 0
17.1
438. 6
365. 2
40.9
345. 6
93.0
50.4
473.5
398.2
43.3
363. 4
110.1
68.2
470. 9
395.1
42.3
370. 5
100, 4
557
1, 366
818
975
15, 235
1,858
625
2,418
1,202
1,008
13,713
1,820
648
2,304
1, 101
992
13, 003
1,616
804
2,418
1. 133
1,070
12.971
1,491
599
2, 062
1,127
893
8,642
1, 529
0
2,129
1,134 I
13 I
704 j
210 !
0
1, 966
1,102
0
0
0
0
1,827
968
0
0
0
0
1,911
1,027
0
0
0
250
2,057
1,080
308
7, 865
664
610
1,989
1,133
900
15,153
1,716
624
1, 585
887
1.001
14, 673
1,895
720
1, 659
910
1,043
15.511
1,960
352
501
212
2,679
1,412
423
192
2, 585
1, 396
437
181
2, 935
1,603
307
142
2. 792
1,468
21]
115
2, 969
1,545
215
105
2,810
1.581
187
100
2, 532
1,424
213
127
2,907
1, 587
186
159
563
653
310
214
2,971
1,727
320
250
2, 833
1,785
330
270
2,862
1,781
3,105
1,771
r
Revised.
§Data for 1939 revised; sep tables 14 and 15, p p . 17 and 18 of the April 1941 issue.
I D a t a for August and November 1940, March, M a y and August 1941, arc for 5 weeks; other months, 4 weeks.
•New series. Adjusted data on financial operations of railways beginning 1921 appear in table 33, p. 16 o[ the September 1940 issue. T h e new series on taxes and joint
facility and equipment rents is shown to provide figures for obtaining total railway expenses as given in the adjusted figures of financial operations; earlier data not shown in
the September L940 and subsequent issues of the Survey may be obtained by deducting operating expenses and net railway operating income from operating revenues.
tRevised series. Data on fares revised beginning August 1936; see p. 45 of the July 1940 Survey. Passenger? carried revised beginning January 1938; see table 13, p. 18
of the March 1941 Survey. Revised indexes of freight carloadings beginning 1919 appear in table 23* pp. 21-22 of the August 1941 Survey.
JBeginning June 1941, data represent daily average for the week ended on the last Saturday of the month; M a y data are daily average for last 9 days of M a y .
S-21
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1941
1940
August
September
January
DecemOctober November
ber
February
March
April
May
June
July
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Waterway Traffic—Continued
Clearances, vessels in foreign trade:
Total, U. S. ports
thous. of net tonsForeign..
do--_
United States........
do...
Travel
Operations on scheduled air lines:
Miles
flown
thous. of miles..
Express carried
pounds..
Passen gers carried
number..
Passenger-miles
flown
thous. of miles..
Hotels:
Average sale per occupied room
dollars. .
Rooms occupied
percent of total..
Restaurant sales index
1929= 100. _
Foreign travel:
U. S. citizens, arrivals
....number..
U. S. citizens, departures
____do_-_Emigrants
do
Immigrants
do
Passports issued
. . . . do
National parks:
Visitors ..
.
do
A ut omobiles
do
Pullman Co.:
Revenue passenger-miles
thousands.Passenger revenues
thous. of dol_.
COMMUNICATIONS
Telephone carriers:
Operating revenues
..-thous. of dol.^
Station revenues
..do
Tolls, message
do
Operating expenses
do
Net operating income.
do
Phones in service, end of month..thousands. Telegraph and cable carriers;t
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!
do
Operating incomef
do
Net incomet
do
Radiotelegraph carriers, operating revenues
thous. of dol_.
6,331
4,307
2,024
5,405
3,727
1,678
5, 433
3,679
1,753
5,040
3,376
1,664
3,840
2,544
1,296
3,839
2,653
1,186
3,636
2,319
1,317
3,981
2,532
1,449
4,606
2,902
1,704
5,729
3,579
2,149
6,074
3,957
2,117
6,716
4,584
2,132
11,472 "12,154
10,084
8,890
8, 786
11,668
10, 635
9,142
10,537
10, 223
9,573
9,953
1,201,999 1,184,249 1,329,843 1,205,261 1,323,615 1,113,002 1,109,352 1,214,817 1,352,181 1,462,121 1,544,111 '1,822,217
320,990 310,293 334,386 239,858 202,859 197,854 218,163 245,924 308,644 363,954 380, 990 398, 434
121,602 118,534 125,924
90,697
78,387
78,340
84,640
96,662 114,749 133,979 -•141,906 147,419
3.56
68
115
3.39
64
100
3.35
67
96
3.39
70
100
3.47
64
103
3.26
57
95
3.24
3.32
69
99
3.24
68
94
3.47
69
109
3.13
70
106
3.30
66
108
3.29
64
103
5,734
15,692
10,960
1,110
4,812
2,435
11,308
15,569
1,317
4,861
1,913
8,422
9,692
1,641
4,824
1,628
8,546
6,862
1,648
3,833
1,503
13,148
7,626
1,777
3,765
1,820
16,244
7,868
1,681
3,612
2,511
19,818
19,726
620
3,133
1,943
23,933
32, 746
1,216
4,500
2,897
15,958
18, 779
1,416
4,813
3,015
12,409
9,502
1,524
4,268
4,362
13, 203
17, 277
1, 676
6,002
4,878
5,673
933,783
258,128
497,149
149,214
252,788
79,194
92,746
28,997
60, 475
18, 335
83,296
23,544
100, 237
27,925
115,911
33,521
190,150
58,916
327,550
100,230
578, 071
173,139
718,140
4,402
702,104
4,381
684,932
4, 235
£78,257
3,738
734,016
4,646
879,883
5, 529
791,221
4,974
925,694
5, 621
766,222
4,787
714,012
4,389
897, 614
5,145
825, 839
4,880
107, 350
68, 749
29,722
70,885
20, 560
19,211
107,852
70,117
28, 781
69,711
16,174
19,334
113,087
73,025
31,034
72,841
23,004
19, 446
110.544
72,118
29,343
77,106
17,933
19,547
114,761
73,979
31,471
75, 650
21,988
19,670
114,684
74, 214
31,077
73,934
22,998
19, 833
111,219
72, 752
29, 250
70,648
22,974
19,966
116,883
74,585
32,975
73, 403
24,891
20,107
118,132
75,598
33,238
75, 390
24,502
20, 232
119,933
75, 709
34,78.3
77,576
24,049
20, 366
120,113
75, 524
35, 072
76, 626
25, 005
20, 443
120,116
74, 858
35, 543
80,329
22,129
20, 535
10,969
10,188
10, 648
9,882
11,442
10, 622
10, 642
9,872
12,557
11, 654
11,182
10,294
10,667
9,832
11,961
10,982
12, 430
11,473
12, 850
11,830
12, 728
11,731
12,875
11,734
433
781
9,783
443
415
766
9,409
503
94
441
821
9,695
1,012
536
424
770
9,498
465
d
38
540
903
10,586
1, 291
872
9,821
614
96
451
835
9,290
667
202
525
980
9,884
1,303
896
510
957
10,298
1,359
879
514
1,020
10,691
1,330
873
498
997
10, 516
637
267
551
1,141
10,965
966
513
1,083
1,110
1,267
1,179
1,348
1,290
1, 253
1,399
1,348
1,354
1,337
1,386
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
|
Alcohol, denatured:
Consumption
thous. of wine gal._ 15, 264 -•11,190
Production
d o . , . . 15, 065 11,510
Stocks, end of month
....do
1,089
2,919
Alcohol, ethyl:
Production.._
.
_...thous. of proof gal.. 34. 299 24,094
10,117
23, 645
Stocks, warehoused, end of month
do
Withdrawn for denaturing
_.
do
27, 327
20,918
Withdrawn, tax-paid..
...
do
3,071
1,424
Methanol:
228,961
Exports, refined
..gallons..
.34
Price, refined, wholesale (N.Y.).dol. per gal..
Production:
Crude (wood distilled)
thous. of gal..
408
3,788
Synthetic . .
do____
Explosives, shipments
thous. of lb._ 41, 303 35, 036
Sulphur production (quarterly):
Louisiana
....
...Jong tons..
Texas
do
Sulphuric acid (fertilizer manufacturers):
Consumed in production of fertilizer
153,215
short tons..
Price, wholesale, 66°, at works
16.50
dol. per short ton..
16. 50
Production,...
..short tons..
194, 664
Purchases:
From fertilizer manufacturers
do____
30, 782
From others
do
31,476
Shipments:
To fertilizer manufacturers
do
45, 680
To others..
._.
.....do
60, 923
Stocks, end of month
_.
do
91, 732
FERTILIZERS
Consumption, Southern States
thous. of short tons..
61
Exports, total§
-Jong tons..
178,474
Nitrogenous§
do
30, 321
Phosphate materials.
do
128,907
Prepared fertilizers
......do....
881
Imports. total§__ ._.__..
do
89,891
Nitrogenous, total
..do
75, 542
Nitrate of soda._.
do
52, 703
Phosphates
Potash §
..__._
.
d
._
____.do
do.
3,136
8,829
14,157
13,694
2,445
15,566
15,098
1,975
13, 544
13,158
1,586
12,441
12, 215
1,360
10, 499
10 610
1, 468
10, 558
10, 556
1, 465
13,339
13,192
1,313
12,451
12, 654
1,511
14,889
14,714
1,329
15, 614
15, 387
1, 095
15, 035
15, 242
1,293
21,559
18, 480
24,218
2,045
23, 350
13,471
25, 552
2, 357
23, 354
10,027
23,110
2,959
23, 762
9,503
22, 056
2,128
24,
11,
19,
1,
22, 030
12,166
19,070
1,766
21,702
11,127
23, 705
2,735
26, 248
11,330
22, 789
2,449
29, 606
10,000
26, 526
3,012
32, 224
10, 393
27, 830
3,224
33, 021
7, 108
27, 564
2,838
198, 332
.34
162, 302
.34
14,283 ! 102,711
.34 I
.34
94, 467
.34
61,831
.34
48, 580
.34
16,668
.39
21, 605
.44
366
3,549
37, ISO
463
4,408
37, 740
450
3,882
36, 080
455
4,174
35, 722
463
4,241
31, 986
466
4, 423
37, 891
436
4, 663
39,460
417
4, 725
41, 273
191,
468
4,440
34,444
137, 445
573,421
140,444
267, 077
.34
484
3,913
33,461
224
963
434
742
435
3,618
33,631
103,675
567, 698
138,880
547, 686
169, 878
179, 677
178,193
184,149 | 162,306 177, 376
156, 362
176, 465
162, 334
175, 186
16, 50
16.50
193, 243 222, 476
16.50
216,290
16. 50
223,131
16.50
221, 788
16. 50
16.50
226, 069 234, 026
16.50
218, 846
16.50
217, 003
16.50
208, 884
16. 50
202, 597
33,813
27,163
38, 361
25, 518
33, 220
36,184
22,941
32, 732
32, 570
38, 659
26, 343
25, 650
25, 309
33,008
23,215
30, 922
39, 140
32, 714
29, 366
35, 488
24,411
48, 587
42, 582
59, 393
103, 532
48,635
65,817
105, 557
43,014
57, 475
110,939
36, 377
74, 927
100, 246
36,116
81,591
91,407
37,311
69, 514
100, 338
39, 082
78,095
98,151
53. 429
67, 387
93,956
52, 535
75,117
78, 756
43,311
69, 304
77, 545
33,319
69, 285
75, 350
142
144,348
29, 729
100,713
53G
71,038
61,456
37, 610
364
189
148,135
15,773
111,936
1,003
68, 208
63, 090
34,822
3,394
3
105
116,416
15,891
88, 409
428
63, 852
56, 362
28, 478
637
5, 625
182
136, 581
16, 486
112.063
330
62, 706
50, 245
27,718
3,179
7,903
518
109, 654
9, 336
87, 698
465
87,115
81,085
34, 332
2,112
2, 765
762
94,316
11,031
76, 333
498
95, 474
92, 203
40, 254
353
1,436
1, 365
1.390
74,715
90, 255
16.748
10,674
49,481
74,162
686
1,580
152,323 120,330
134,290 106, 737
84, 337 89,565
1, 086
3, 551
14,110
1, 891
258
81,971
6, 014
74, 082
317
99.673
70,036
42, 134
1,194
1,512
104
66, 65 J
11,688
48, 205
2,311
74, 439
62, 840
27, 341
303
8, 307
58
164, 695
15, 075
141,557
201
33, 638
32,591
16,350
25
3
I
Deficit.
§Data revised for 1939: for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey,
fRcvised series. Data for telegraph and cable carriers revised beginning 1934, see table 48, p. 16 of the November 1940 Survey.
130, 090
srKVKY OF (TRKKXT IUTSI\KSS
S-22
Monthly statistics through December 1939, to- I 11)4!
gether with explanatory notes and references i
to the sources of the data, may be found in the
iv~rM
1940 Supplement to the Survey
O c t o b e r 1941
Hi 11
,N.>Vt;in-;
I >('< f i l l -
JriiltJ-
CIIKMICALS AM) ALLIED iMKMHCTS
April
|
M u y j Jim.- ' J u l y
Continued
!
FERTILIZERS—Continued
{'fee, wholesale, n'tr-t* 1 of soda, 95 percent
(>,.>dol. per cvu.
Pota-li Meliverics
short inns,
-uperphospKite (bulk;:
Production
. _.
d<Shipments'to consumers. . _ . _.... .....do
Mocks-, * nd of month
do...
i
*f(
T O
»,V>s
MI
1 170
">:,-'»
If
,S7 , \27 1 7
0(,j
1 171)
]
t (.
; i , M l
>'
M *
\lr>
: i ^
i d tf 7
S\l
\ 1(» I
1 (91 , M
. ^
^
'i _ o ' , 7 i 5
Ur
H
:,J^
1 17u
f
1. . 7 0
l , ">i>2
Ifs
l'*j '
.r> <J'»7
I«O
I
'A 530 i
H 5 , (,7r>
N l , ^ s
, n o , H->
b s j l 2< t h M
170 i
29,-M_>
j
'
1S3, % 0
i, 'i.J.707
|\071,HtJ
, 112,41'.
*i M, 5(i4
2, lr»8
1, (>s2
1. i . O
i
J i , 177 i
, " 7 4( 7
57i,hl'
i 777, JT2
170
M J { j
119.411
J l^r> 35l>
(
770. ,'23
!
1. 470 |
1.470
58,228 i 41,094
!
373. 804 383.491
68.813
014,302
NAVAL STORES
Ru-in. UIIMI:
Price, wholesale "II" {<m m*i if. , \ ivl I
(lol p(.l ,11 I')
R e o e i p K net,'.)port* .
bbl "(in lh
Storks, 3 port-;, end of m o n r h
d(
Turpentine, c u m , spirits- of
Price, w holesaie v^'urmna.l.
dol p < r _ i !
Receipts, n e t , 3 pon.s
M l (10 il
stocks, 3 p o r t s end of morith
In
"
s >
i n
!o \< 0
1',
• s_d
i v;
* (Ms
12 1 " '
i ,_
i r>
1 7s
1 s~ |
1.87
19, ,37 I 35,635
\
r
M 24'
K,0Kr
,0 \ w0
i
i
7> 2
^
(fl
7
Or !
H
'H)l
i !
!
490, 186
1.S8
2. 13
31,069 | 33,706
483,751 | 461. 157
12 |
.43
. 42
h, i r s |
8, 198
10.064
-".,(.''2 i 27,318 [ 31.978
. 47
8, 482
OILS, FATS, AND B\ PRODI CTS
\mni:il. includingfi^hoils (quarterly);
\ulmalfahv
Consumption, factory
thous. of lb..
P
d i
do
Production
... . .
. . . . do
blocks, end of quarter
• i reaves.
Consumption, factory
Production
......
Stocks, end of quarter
-hortenini'M and compounds:
Production
. .
.
Stocks, end of quarter . . . .
Kis'i oils:
Consumption. facton
Production
.
Mocks, end of qu irter . . . . . .
V' uetable oils, totaP
|
2A~> T 7 J
i
1 0 1 o2(i
1
121,217
do
s2
.do
do
; 2fi9, 3'il I
I 672,886 i
. ! 600,347
10"
I
. do
do.
I * i s iii
!
do
....do
do..
('nr)siini])'i(m, crude, factory ((juarterlv)
mil. of lb
K\ ports
. thous. of lb
Imports, total§ . .
......do..
Paint oils . . . . . . . . . .
..do..
Ml other vegetable oils§
...do
Production (quarterly) ..
mil, of lb
stocks, end of (inarter:
do .
Refined
"""
'.'.'_'.'.'_. . ..do
f'opra:
Con-umpiiou, fac lory (quarterly) short tons
Imports
....do..
Slocks, end of quarter
do
71. *<")!
10 hV
61 015
•>4 4(.O
f 0J7
7.
54.
1,
3.
290
366
300
066
! 291,452 ;
I 617.500 i
I 623,896 |.
;
98,639 !
! 126.451
i 134,002
j
!
' 332,320
53,700
104.910 I
120,557 I
130,401 j
126,155
127,989
116,452
355,698 i.
46,417 j.
410,382 I.
45,907 I.
! si.sis
i 91, 722 I
! 199, 158 ;
45,542l
15,846 I
157,223 i.
54,554
6, 271
123, 661
I, 096
012
318
389
625
764
184 I
8,
51,
1,
50,
37, 275
61,097
437
60, 660
758
320
239
081
. L
\
0, 5 M
337,010
644,024 I
684, 475
69, 064
27, 606
31, 797
12,685
57,672
4, 626
53, 046
1, 059
11,246
82, 135
4. 536
77, 599
914
f»37
16,27!
69. 423
20, 199
34,851
1, 027
11,437
53, 087
3,511
49,576 ;
762 I
4. 729
69, 615
61,058
660 !
497 !
64.550 1 .
24,943
17.259
28,109 !
r V i ' o n u t f>r c o p r a 01P
Consumption, iictory
i 150,410 S
J61,405
Ciude fquarierlv)
- . thous. of lb
- .. i 52. 296 I
61. 126
Refined (quirtcfly^
.....
do .
I '-I J
1,664 I
1,528 !
1,280 1,290
1, 424 i
1,468 !
In oleomargarine
......
-do..
JL s i
A, 112 1 40,224 I 22, 157 32. 207
25,831 j 41, 155 28,273 !
Imports
. ....do
Production (quarterly).
: s7.883 j
Crude
. . ..
do.
86, 251
Kenned _
.
do
SO. 703
- - ' 73. 93S ;
Stocks, i-nd of quarter
242. 973
Crude
.
do
209, 940
11. 123
defined
- .
do
15.550
('••tlonseed:
544
Gil
305
Consumption (crush) .thous. of short tons
458
373 |
185
657
91
Receipts at mills _
.
......__do.147 !
51
1. 162
403
844
i. 276
Mock-. vat mills end of month
...do.
617 j
269
Cott.)iiM" d cake and meal:
!
1 10
54
K\ports§
__
short tons j
21
31
it H ) i i 1
11 2 i i s 2s'5, S90 i 239.375 I 248,916
Production . . . . .
. . . . . d o ... .!
86, 386
201,822 i 165, 520 132,635
1 >') 711 J i. 46". I 175, 70" ! 215.358
M'icks" at mills, end of month
do .... i
256, 255 255,1)28
252.947 !
Cottonseed oil, crude:
-M l">s | 1 [0 "'»j
I 174. 151 ! 179. 475 147,702 122. 833 102.196
2C", jc
Production
thous. of lb
06, 275
»1 26" i si) ^71 j ] s 2 s s
Slocks, end of month
.
.
do . _j
176,626 ! 176,425 176. 281 167, 195 128,451
97, 103
Is2, .').••
Cotroiisc< d oil, refined:
]
328. 495
Consumption, factory (quarterly)
..do |
350, 747
11 827
13, 107
In oleomargarine - do
M 1,908
13. 150 1 11,626
11,444
13,142
""I
' ' '
Ptice, wholesale, summer, yellow, prime
0)f» '
07.
.057
. 064
. 062
(V.V.i
-.
...dol. per lb...
.071
. 086
. 105
2^2 |
If. 171 H I V>s
1 79. 925 145. 105 123,772
1 8,418
Production . .
. .
thous. of lb_.
130, 692
97, 773
112 "61 j J i s 012
>» I d 1
507, 248 505,219
l"0. 259 45S, 335
Stoeks. end of month
do
475,849 422,443
KLnM'ed:
769
Imports
..
.
. ..
thous. of bu..
1,482 j 1,285
1,223
1,286
1.177
Minneapohs.
7 ,07 ,
Receipts . .
. .
...do._
8, 323
I 22h
407
476
388 I
414
718
643
1 ISP I
>47
251
71
2 A
297
452 I
Shipments do ....
133
74
139
140
7, 07>
5,410
4, 739
Stocks . .
do
6,232 I
3,864
3,952
3, G20
2.743
2, 299
nuluth:
61
348
168
Receipts . .
.
do.....
1, :>(
537 !
159
159
193
192
11
100
Shipments
- do .. 2,042 !
220
2
1
168
416
(a)
485
Stocks
do.
434
593
619
118
381
Oil mills (quarterly):
Consumption
do
10.083
10,228
Stocks, end of quarter
do
7,077
4, 159
1.64
Price, wholesale, No. 1 (Mpls.)...dol. per bu.
1.78
1.80
1.87
1 is 1
Production (crop estimate)
thous. of bu_. '31.900
2 31,217
0
1
M pt( mb< 1 1 v -.tun u
Less than 500 bushels.
2 December 1 estimate
5Data revised for 1939; for exports, see table 14, p. 17, arid foi imports t ibh I) p i s , >f the April Survey.
t Revised series. Wholesale price of srum rosin revised 1•>( jminini; 19!'i s. r t it i( 3, p 17 of the J a n u a r y 1941 Survey.
184,118 |. ...._
68,904 I. ..
1. 435
2, 474
20,884
30, 973
81.054 I
90,902 I.
...
176, 381
15.064 I
121 S
42 I
190 f
131
114 |
1
52, 409 | 35, 197
225,744 j 165.966
42.461 ! 26,242
52,541 | 2'). 742
402,720 |__
10,816 | 11.413
.115 i
. US
76.473 ; 48,668
369,589 | 291.722
» I
SO 5
185
1.885
165
310
236
9,386
3, 50.1
1.87
161
1. 107
219
207
1.92
S-23
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- 1941
gether with explanatory notes a n d references
to the sources of the data, may be found in the August
1940 S u p p l e m e n t to the Survey
1941
1940
August
September
NovemOctober
ber
December
January
February
March
April
May
Juno
July
1,201
30, 680
813
20, 240
392
22, 360
907
29, 280
.107
.108
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Linseed cake and meal:
Exports§
thous. of lb__
Shipments from Minneapolis
do
Linseed oil:
Consumption, factory (quarterly)
do
Price, wholesale (N. Y.)
dol. per lb__
Production (quarterly)
thous. oflb__
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 lb_.
Vegetable shortenings:
Price, wholesale, tierces (Chi.)
dol. per lb_,
PAINT SALES
Calcimines, plastic and cold-water paints:
Calcimines
thous. of doL.
Plastic paints
do
Cold-water paints:
In dry form
do
In paste form
do
Paint, varnish, lacquer, and fillers:
Total
do
Classified, total
do
Industrial
do
Trade
do
Unclassified
do
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, a n d tubes:
Consumption
thous. of l b .
Production
do.__
Shipmentse?
do_..
Cellulose-acetate:
Sheets, rods, a n d tubes:
Consumption
thous. of Reproduction
do__Shipmentsef
do - _ _
M o u l d i n g composition:
Production
do _.. _
Shipments %
do. _ _
ROOFING
32,120
1, 021
22, 760
.112
.087
21, 500
14,550
159
29, 440
101,652
.084
135, 389
16, 600
115,135
629
34, 960
.083
282 j
32,440
42, 920
.086
~ 16, 600
13,250
100. 837
.088
192,185
10, 850
153,820
1, 512
44,400
.095
34
30, 760
.095
14,350
2
27, 800
106, 787
.099
196, 281
18, 900
192, 850
21, 600
20~3Q0
143,100
.108
183,309
21,050
150,936
.113
24,300
25, 719
29, 489
30, 854
31,118
33, 835
27, 869
34, 328
30,579
26, 853
25,583
25, 909
.118
21,664
.115
26, 542
.115
30,160
.115
30, 002
. 115
32, 457
.118
34, 030
.120
28,103
.125
33, 880
.130
32,179
.130
27, 693
.133
25,083
.140
27, 365
.093
.090
.086
.088
.094
.094
.097
.111
.124
.133
.143
202
49
213
50
218
48
140
40
150
44
208
35
182
43
301
43
342
233
60
202
53
178
51
183
295
193
311
181
302
158
273
138
259
146
294
159
279
202
376
266
483
289
513
262
392
246
389
34,991
24,973
10,619
14, 354
10,018
33, 937
24,101
10,502
13, 599
9,836
37, 748
27, 347
12, 594
14, 753
10, 401
30, 795
22, 819
11,336
11,483
7,976
27, 326
20, 472
10, 785
9,686
6, 854
33, 408
24, 609
12, 206
12, 403
8,799
32, 538
24, 013
12,177
11,837
8,525
38,541
28, 245
13,752
14,493
10, 296
50, 029
35,160
15, 246
19, 914
14, 869
56, 055
40, 636
16, 337
24,299
15,419
52, 112
37, 395
16, 688
20, 707
14,717
46, 809
33,705
15, 872
17, 833
13,104
243
1,437
1, 510
168
890
970
280
1, 093
1,113
247
1,096
1,136
207
1,061
1,131
183
1, 109
1,068
185
1,167
1,112
230
1,132
1,145
249
1.308
1,233
217
1,420
1,267
215
1,372
1,315
242
1,387
1, 475
229
1,309
1, 353
17
573
580
7
773
784
826
755
9
983
944
5
934
1, 037
8
867
733
617
675
3
344
335
10
465
373
12
402
408
14
524
472
18
513
523
14
507
541
2,670
2,506
1,423
1,342
1,709
1,501
1,926
1,783
1,606
1, 410
1,435
1,317
1,632
1, 584
1,879
1,642
2,232
1,991
2, 255
2,102
2,319
2,146
2,457
2,264
2, 467
2,346
3,484
1, 012
1,293
1,179
3,947
1,138
1,358
1,451
4,254
1,147
1,370
1,737
3,006
2,163
769
570
824
2,249
2,515
811
690
1,014
3,105
801
1,038
1,266
3,141
806
1,255
1,080
3,753
987
1, 564
1,202
r 3, 570
r
981
1, 436
1,153
4,062
1,178
1,549
1,334
Asphalt prepared roofing, shipments:
Total
thous. of squares.
Grit roll
do.__
Shingles (all types)
do___
Smooth roll
do _ _ _
881
1,238
533
828
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total #
.mil. of kw.-hr_
By source:
Fuel
.
do
Water power
do
By type of producer:
Privately and municipally owned electric
utilities
mil. of kw.-hr..
O ther producers
do
Sales to ultimate customers, totalf (Edison
Electric Institute)
mil. of kw.-hr_Residential or domestic
do
Rural (distinct rural rates)
do
Commercial and industrial:
Small light and power
do
Large light and power
do
Street and highway lighting
do
Other public authorities
do
Railways and railroads
do
Interdepartmental
do
Revenue from sales to ultimate customersf
(Edison Electric Institute)
thous. of dol__
GAS
Manufactured gasf:
Customers, total
thousands.. _
Domestic
do
House heating
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft__
Domestic
do
House heating
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol-_
Domestic
do
House heating
do
Industrial and commercial
do
14, 551
12,444
11,984
13, 055
12, 765
13, 456
13, 641
12, 293
13, 095
12, 885
13, 616
13,671
10, 621
3,930
8,476
3,968
8,129
3,855
9,396
3, 659
8,731
4,034
9,057
4,399
9,054
4,587
8,381
3,912
8,706
4,388
8,051
4,834
9,363
4,253
9,614
4,056
13,037
1,514
11, 226
1,218
10, 796
1,188
11,702
1,353
11,462
1,303
12,119
1,337
12,311
1,330
11,027
1, 266
12,061
1,034
11, 575
1, 309
12,105
1,511
12,173
1,498
10,105
1,828
288
10, 057
1,891
260
10,397
1,922
177
10, 577
2,093
131
10, 895
2,222
109
11,382
2,396
130
10, 801
2,195
123
10, 895
2,060
117
10, 809
1, 990
131
11,080
1,904
148
11,385
1, 909
231
1,915
5,191
149
224
451
58
1,926
5,115
165
222
442
35
1, 886
5,445
189
233
488
58
1,970
5,379
201
237
504
61
2,034
5,448
217
248
551
67
2,126
5,616
215
254
580
65
2,009
5, 456
185
251
519
63
1,924
5, 750
179
248
553
64
1,927
5,821
160
241
485
54
1,914
6,194
146
243
482
50
1,980
6, 385
138
240
461
40
201, 993
204, 434
206, 983
214, 161
219,913
228, 159
217,629
212, 603
209, 707
215,010
10, 064
9,348
241
463
25,105
14, 787
932
9,256
10,140
9,408
262
462
27, 641
16, 760
1,241
9,491
10,142
9,398
281
453
30, 682
17, 340
2,837
10, 316
10,115
9, 367
292
447
33, 824
15, 623
7,290
10, 699
10,156
9,394
304
448
37, 946
15, 892
10, 801
11,000
10,106
9,350
282
465
37, 950
17,312
9,608
10, 791
10,149
9,383
294
463
38, 046
16, 997
10,095
10, 704
10,119
9, 354
280
473
38,025
16, 866
9,453
11,457
10,142
9, 362
295
473
35, 347
16, 297
6,981
11,857
10.404
9, 620
304
468
32, 666
16,615
4. 256
11, 596
10, 253
9, 481
292
469
30, 290
16, 887
2, 149
11 085
26, 661
19, 992
789
5, 783
29,134
21, 932
1,103
6, 005
31,213
22, 479
2,150
6,464
32, 589
21, 569
4,137
6, 750
34, 904
21, 629
6,136
6, 992
35,157
21, 988
6,107
6,918
35,166
21, 247
6,784
6,987
34, 489
20, 851
6,419
7,055
32, 651
20, 993
4,399
7,111
31,974
22, 398
2, 507
6, 941
30,
22,
1.
6,
'14, 226
r
r
9 , 838
4, 388
12, 742
' 1 , 484
573
174
632
665
' Revised.
§Data revised for 1939; see table 14, p . 17, of t h e April 1941 S u r v e y . © D a t a revised beginning J u l y 1939, see note m a r k e d with a "%" on p . 40 of the April 1941 Survey.
(^Includes consumption in reporting c o m p a n y p l a n t s . {Excludes consumption in reporting c o m p a n y p l a n t s .
• M o n t h l y d a t a for 1920-39, corresponding to averages shown on p . 97 of t h e 1940 S u p p l e m e n t , appear in table 28, p p . 17 a n d 18 of the December 1940 Survey; revised
d a t a for all m o n t h s of 1940 are shown on p . 41 of t h e J u n e 1941 Survey.
f Revised series. Manufactured gas revised beginning J a n u a r y 1929; earlier d a t a will appear in a s u b s e q u e n t issue. Revised electric-power sales a n d revenue from sales
beginning 1937 will be shown in a subsequent issue.
S-24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
October 1941
1940
1941
August
August
September
1941
NovemOctober
ber
December
January
February
March
April
May
June
July
ELECTRIC POWER AND GAS—Continued
GAS—Continued
Natural gas:|
Customers, total
thousandsDomestic
do _ . .
Industrial and commercial
do...
Sales to consumers, total
mil. of cu. ft.
Domestic
do. _.
Ind'l, com'l, and elec. generation
do...
Revenue from sales to consumers, total
thous. of dol.
Domestic
do.._
Ind'l, com'l. and elcc. generation
do___
7,501
6,976
523
96,116
16, 233
78, 207
7, 563
7,033
528
100, 689
17, 449
81, 403
7, 636
7,080
554
110, 389
22, 306
86,184
7.755
7,158
594
126, 389
34, 047
90, 342
7,804
7,194
608
147, 071
49, 515
95, 516
7, 764
7,170
591
151, 963
54,973
95,184
7,773
7,182
589
157, 611
56, 914
98, 440
7,824
7,223
599
156, 230
54,887
85, 084
7,810
7,216
592
141, 480
43, 690
96, 716
7,829
7,250
576
120, 558
28,971
89, 459
7,802
7,252
548
110,983
21,124
87,481
28, 240
13, 284
14, 746
29, 458
13,812
15, 423
33, 700
16, 720
16, 747
41,618
22, 977
18, 373
51, 838
30, 975
20, 583
56, 464
34, 885
21, 321
57, 356
35, 086
21, 920
56, 232
33, 907
21, 960
48,911
28, 328
20, 424
39,030
20, 649
18,101
33, 761
16, 372
17,113
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
5,913
Production
thous. of bbl
6, 055
Tax-paid withdrawals
do...
8,605
Stocks
do _. _
Distilled spirits:
9, 881
Production
thous. of tax gal
10, 092
Tax-paid withdrawals
...do...
Imports
thous. of proof galStocks
thous. of tax gal- 549,275
Whisky:
6, 571
Production
do...
Tax-paid withdrawals
do _ _ 7, 104
Imports
thous. of proof gal
Stocks
thous. of tax gaL 501, 587
Rectified spirits and wines, production, total
5,789
thous. of proof gaL
4,807
Whisky
do._.
Indicated consumption for beverage purposes:
All spirits
thous. of proof galWhisky
.do._.
Still wines:
Production
thous. of wine gal.
Tax-paid withdrawals
do...
Imports
do_._
Stocks
do._Sparkling wines:
Production
do _ _.
Tax-paid withdrawals
do...
Imports
do. _ _
S tocks
do...
DAIRY PRODUCTS
Butter:
Consumption, apparent!
thous. of lb-_
Price, wholesale, 92-score (N\ Y.) dol. per lb._
Production, creamery (factory) t thous. of lb-_
Receipts, 5 markets
do
Stocks, cold storage, creamery, end of month
thous. of lb.Cheese:
Consumption, apparentf
do
Imports§
do
Price, wholesale, No. 1 American (N. Y.)
dol. per l b Production, total (factory) t
thous. of lb...
American whole milkt
do
Receipts, 5markets
do
Stocks, cold storage, end of month
do
American whole milk
do
Condensed and evaporated milk:
Exports:§
Condensed (sweetened).
do
E vaporated (unsweetened)
do
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. per case.._
E vaporated (unsweetened)
do
Production, case goods :f
Condensed (sweetened)
thous. of l b . .
E vaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
thous. of lb _
Evaporated (unsweetened)
do
Fluid milk:
Consumption in oleomargarine
do
Price dealers', standard grade dol. per 100 lb._
Production (Minneapolis and St. Paul)
thous. of lb-_
Receipts:
Boston
thous. of qt. Greater New York
do_
Powdcred milk:
Exports
thous. of lb-.
Production
do
Stocks, manufacturers', end of month__do
4,001
4,300
8,314
3,915
4, 194
7,840
3, 396
3, 765
7,325
3, 606
3,777
7,001
3, 863
3,200
7,483
3,660
3,185
7,787
4,434
3,786
8,255
5,129
4,522
8,642
5.839
5,380
8,834
6,055
5,618
9,006
6, 554
6,268
9, 026
6,863
' 4, 848
504
522, 088
16, 701
8,176
770
519,017
21,487
11, 494
1, 0S4
518, 638
17, 567
13, 173
1,240
518, 358
15, 712
8,958
1, 386
522, 699
16,015
6,013
576
530, 859
15,131
6,974
630
536, 917
15, 475
8,458
879
541,932
14, 725
8,011
1,052
546,764
14, 728
9,722
1,535
549,788
12, 407
9,287
860
551,421
11,075
8,992
727
551,435
3,252
'3,615
413
477, 970
6, 762
6,354
661
476, 980
10, 303
8, 982
930
476, 298
11, 761
10. 529
1, 096
475,611
12, 265
7,331
1,270
479, 102
13,532
5,019
510
486,133
12, 658
5, 834
568
491,301
12, 602
6,637
812
495, 735
11,860
6,144
991
499, 854
12,027
7, 535
1.448
502, 847
9, 434
7,215
788
504, 077
7.764
6, 606
653
503,567
2,389
1,630
4,182
3,501
6, 114
5,356
6, 749
5, 856
4,563
3,755
3, 111
2, 533
3,380
2,833
4, 196
3,368
4,134
3, 300
5.164
4,199
5,372
4,342
5,415
4,321
6 , 411
5, 000
10, 350
9, 060
14, 525
13, 074
16, 856
15, 231
12,293
10, 894
8, 056
7.068
9,116
8,108
11,345
9,547
10, 909
9, 209
13, 500
11,632
12, 686
10, 726
12. 248
10, 084
22, 108
4,730
102
93, 969
100, 105
6,435
136
132, 148
105, 647
8,781
251
170,183
35, 602
10, 273
216
172, 258
10,147
10, 213
257
163,774
2,082
6, 682
120
157, 724
1,667
6,983
107
156,038
863
7,828
141
143, 256
1,723
8,008
134
135,410
1,365
7.124
' 158
128, 204
1, 636
7,842
125
117,893
169
34
20
18
680
50
52
32
678
54
84
54
643
73
125
36
589
82
162
45
492
62
39
10
512
63
34
50
35
6
551
140
39
7
647
151
52
7
744
119
59
6
794
.36
171,280
60, 942
153,223
.28
165, 427
58, 512
150,219
.29
144, 205
55, 754
158, 235
.30
135. 435
53, 377
152, 949
.33
115,720
45, 580
150, 747
.35
124, 540
49, 659
148,186
.31
136,450
56, 582
143 902
'.31
130, 825
53,126
157,104
.32
149, 690
59, 565
154,601
.33
163, 535
62, 342
176, 784
.36
215.570
74, 366
150,831
.36
214, 275
78, 217
138. 260
.35
196,685
73.993
200, 539
134,266
128, 087
105, 106
67, 598
41,497
29, 715
16, 462
8,983
17, 795
56, 792
120,246
178, 493
64, 059
1,377
65, 007
1, 534
67, 856
2,093
57.611
2, 261
56, 233
2, 073
55, 219
1,922
57, 035
2,290
71, 264
1,544
75, 981
1,871
84, 044
2,114
66, 279
1, 437
54. 830
2, 094
.17
73, 000
57, 807
13, 272
148,173
125, 300
. 17
64,800
50. 975
14, 786
149, 309
127. 202
. 17
60, 300
46, 050
17. 501
143, 633
123. 953
. 18
48,600
35, 520
14,648
136. 574
118. 516
.19
46. 500
33, 635
12,913
128,699
112.237
.18
50,100
36. 350
11,894
125.308
109, 820
.17
49, 100
35, 695
10, 894
119,381
105,153
.17
60, 500
44, 635
15, 122
109, 893
97, 496
.19
72, 800
54.120
15, 166
108, 335
94, 602
.21
99, 700
76, 665
16,139
119,718
102, 869
101, 600
83, 145
21. 551
142, 369
121,064
.24
92, 800
74, 950
22. 212
r
168,420
r
139, 568
3, 368
52, 964
3,402
16,017
5. 387
4,572
4,347
6, 034
3, 294
4, 434
3, 637
4,162
4, 235
7,178
5,020
8,743
7,773
8.292
19, 366
7. 333
43,383
7, 111
60, 153
5.80
3.70
5.00
3.10
5.00
3. 10
5.00
3.10
5.00
3. 10
5.00
3.20
5.00
3.20
5.00
3.20
5.00
3.20
5.00
3.23
5.00
3.43
5.40
3.45
5.48
3.60
9,619
293, 359
6, 088
230, 991
6, 608
196, 256
7,841
172, 036
6, 166
133,590
6, 160
150, 940
6,998
171,609
6.511
167, 046
9,414
203, 624
9,433
258, 014
10, 258
353, 761
9, 804
334,168
9. 640
299,599
10, 494
289, 904
9,728
349,433
9,580
380, 545
9, 115
358, 224
8, 543
226, 266
8,047
187, 052
7,810
189, 246
7,274
176,624
7,340
136, 073
7,228
126,160
10, 327
173,838
10,009
189,711
9. 783
261, 559
2.40
4, 179
2.18
5, 118
2.18
5. 545
2.20
5, 545
2.21
6, 033
2.24
6,227
2.26
5,348
2.26
6,414
2.26
6, 016
2.27
5, 101
2.27
4, 627
2.29
4,919
2.32
29, 883
27,188
27, 925
28, 784
35, 951
40, 605
39, 248
44, 972
44,477
49, 501
42, 475
35, 932
21,381
123, 500
20, 344
126, 576
20, 928
128,611
20, 397
125, 242
20, 255
127, 792
20, 348
128,272
18, 754
115,883
21, 598
131, 556
21,353
127, 288
22,480
132, 704
22,179
132, 294
22, 769
131,958
1,461
30, 291
46, 624
796
25, 535
45, 252
1, 966
26,913
41,032
4,390
22,819
36, 037
1,961
25,459
34,175
1,770
25, 770
35, 927
1,415
32,475
36,831
1,631
37, 282
36, 036
2,277
49,212
36, 676
7, 005
43, 867
37, 231
6, 336
-35,231
r
34, 108
.24
85, 100
68, 465
15, 634
184,624
151,737
22, 027
29,117
31, 500
«• 5, 089
'5,410
' 8, 783
r
r
r
r
1,390
26,375 I
33,351
r
Revised.
§ D a t a for 1939 revised; for exports, see table 14, p . 17, a n d for i m p o r t s , t a b l e 15, p . 18, of t h e A p r i l 1941 S u r v e y .
f D a t a o n n a t u r a l gas revised b e g i n n i n g 1929; earlier d a t a will a p p e a r i n a s u b s e q u e n t issue. D a t a for t h e indicated series o n d a i r y p r o d u c t s revised for 1939; for revised
d a t a o n p r o d u c t i o n of condensed a n d e v a p o r a t e d milk, see n o t e m a r k e d " t " o n p . 4 2 of t h e J a n u a r y 1941 S u r v e y ; revised d a t a for b u t t e r a n d cheese p r o d u c t i o n a n d c o n s u m p tion, s u p e r s e d i n g figures s h o w n in t h e J a n u a r y 1941 S u r v e y , a p p e a r in table 26, p . 26 of t h e S e p t e m b e r 1941 S u r v e y .
October 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-25
SURVEY OF CURRENT BUSINESS
1940
1941
August
August
September
October
1941
November
December
January
February
March
April
May
June
July
2,720
5,999
16, 937
920
2,718
2,316
19, 869
2,762
936
0
14, 956
2,089
676
0
12,219
1,013
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)1!
thous. of bu_. 128, 322
480
Shipments, carlot
no. of carloads..
0
Stocks, cold storage, and of mo.-thous. of bu_.
Citrus fruits, carlpt shipments, .no. of carloads. _ 10, 307
1,671
Onions, carlot shipments
do
Potatoes, white:
1.806
Price wholesale (N. Y.)
dol. per 100 lb_.
Production (crop estimate)
thous. of b u . . 373, 853
8,273
Shipments, carlot
no. of carloads..
725
0
10, 305
1,239
4,297
8,890
7,972
2,341
9,960
31,364
11,803
2,981
5,770
34, 086
13, 478
1,811
1.581
1.675
1.445
1.350
7,871
12,640
17,996
12,630
115,456
4, 367
28,656
16, 598
1,386
4,219
23,014
20, 050
1,867
1.420
397,722
11,576
1.481.
1.531
1.488
1. 590
1.700
2.363
1. 970
17, 552
17, 676
25, 762
18, 442
22, 655
19,546
13, 820
4,284
17, 070
15, 604
1,569
4,218
10, 529
18, 541
1,763
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and
4,042
3, 330
4, 244
5,291
5,210
2,559
5,789
2,812
3,279
6,630
10,141
meal§
thous. of bu._
Barley:
178
232
123
104
162
263
122
173
109
74
166
228
Exports, including malt§
.do
Prices, wholesale (Minneapolis):
.51
.57
.55
.55
.54
.52
.51
.58
.52
.50
.45
.48
.50
No. 2, malting
dol. per bu_.
.52
.51
.52
.54
.41
.53
.51
.51
.50
.45
.42
.45
No. 3, straight
.
do
.51
;
349,
596
Production (crop estimate)
thous. of bu._
309,235
6,028
7,838
10, 468 "l4~155~
~9~598
"6,496 "~6,~ 357" ""6," 510" "5,442
"8,406 ""6," 628" ~ 7," 117
Receipts, principal markets.
do
7,877
5, 471
5,514
5,157
4,726
8,195
7,335
6,561
10, 254
11, 074
4, 931
11,371
Stocks, commercial, end of mo
do
9,682
9,640
Corn:
295
1,370
175
1,016
40
950
786
558
3,357
2,372
5,512
103
Exports, including meal§
do
9,421
9,549
9,194
s 8, 623
6,633
6,324
6,674
6, 385
8,079
7,533
3 7, 850
7,219
Grmdings
do
8,811
Prices, wholesale:
.74
.74
.75
.69
.65
.66
.72
.64
.62
.64
.65
.62
.66
No. 3, yellow (Chicago)*
dol. per bu._
.85
.82
.84
.72
.69
.70
.78
.69
.67
.69
(4)
.66
(4)
No. 3, white (Chicago)
do
.71
.71
.74
.63
.62
.69
.63
.58
.59
.67
.64
.66
.58
Weighted avg., 5 markets, all grades__do
2,523,964
^2,449,200
Production (crop estimate)
thous. of bu._
19, 244 22,123
18, 776
24, 846
19, 231
16, 433
18, 628
17, 403
21,608
20, 710
13, 862
28, 892
37, 609
Receipts, principal markets
do
22,712
19, 098
22,133
15,124
9,280
14,012
12, 385
12,190
10,433
9, 050
12, 617
18,660
Shipments, principal markets
do
7,091
43, 701
53,106
60, 959
71, 290
65, 463
40,090
65, 489
70, 067
28,119
41,179
59, 314
70, 278
Stocks, commercial, end of m o n t h . . . do
70,142
Oats:
82
92
274
138
87
75
53
131
69
59
Exports, including oatmeal§
do
70
Price, wholesale, N o . 3, w r hite (Chicago)
.37
.36
.37
.39
.37
.38
.39
.31
.38
.38
.30
.34
dol. per bu__
1,235,628
.37
Production (crop estimate)
thous. of b u . . '1,129,757
10,575
3,396
14,607
4,031
3, 854
3,543
4,567
4, 539
13, 287
4,238
5,337
3,050
7,075
Receipts, principal markets
do
7, 328
3,906
11,771
7,093
6,688
6, 592
5,664
4,077
4,473
4,571
9,135
4,745
8,395
Stocks, commercial, end of m o n t h . . . do
Rice:
212,497
320,939
190, 209 247, 498 245, 881 347, 580 358,185 350, 908 423,116 377,894 440,030 382, 981
Exports!
pockets (100 lb.)_.
25, 095
9,173
23, 675
17,970
23, 168
16, 228
7,933
8,421
52, 240
18, 406
21, 221
Imports
do
7,282
Pric?, wholesale, head, clean (New Orleans)
.048
.044
.035
.048
.034
.042
.049
.033
.039
.040
.040
.038
dol. per lb...
2 52, 754
Production (crop estimate)
thous. of b u _ . 60, 572
Southern States (La., Tex., Ark., and Tenn.):
Receipts, rough, at mills
72
312
2,379
415
280
1,519
721
171
970
2, 896
763
1,287
thous. of bbl. (1621b.)-Shipments from mills, milled rice
463
703
548
1,019
1, 558
1,413
1,134
1,180
1,131
837
1,431
772
1, 371
thous. of pockets (100 l b . ) . Stocks, domestic, rough a n d cleaned (in
terms of cleaned rice), end of month
1,457
1,086
861
2, 675
3,746
4,012
3,964
3,307
2,050
1,170
3,699
1,183
2,667
thous. of pockets (100 l b . ) . .
California:
Receipts, domestic, r o u g h . . . b a g s (100 lb.)_- 294,815 473,827 488,847 376,624 203,870 289,627 264,783 342,635 447,277 468,937 538, 282 306, 280 245, 555
73, 348
76, 762 160,879 370,380 126,523 167,276 211,149
81, 855 226,943 213,216 209, 425 395, 017 112,137
Shipment from mills, milled rice
do
Stocks, rough a n d cleaned (in terms of
cleaned rice), end of m o . . b a g s (100 l b . ) . . 374, 789 473,481 400,797 491,976 429,129 380,200 431,886 378,074 378,179 400, 577 290, 223 294, 262 316, 791
Rye:
2
239
2
)
(5)
(5)
(5)
(5)
(8)
(5)
Exports, including
flour
thous. of b u . .
.57
.62
.58
.44
.50
.50
.52
.57
.50
.53
.48
Price, wholesale, N o . 2 (Mpis.)..dol. per b u _ .
2 40, 601
Production (crop estimate)
thous. of bu_. 46,462
3, 758
2,490
1,078
792
961
3,282
6,944
1,520
713
337
1,732
1,467
609
Receipts, principal m a r k e t s . .
do
5, 639
11,077
4,951
5,486
14, 637
8,520
7,658
6,640
5,269
9,142
8,112
6,223
5,462
Stocks, commercial, end of month
do
Wheat:
158, 974
220,504
152,779
179,554
D isappearance
do
2,711
2,413
4,069
2,484
4,855
4,572
2,976
3,044
2,206
1,864
3,768
4,431
Exports, wheat, including
flour§
do
106
30
1,246
1,414
934
549
46
56
1,998
1,293
301
W h e a t only§
do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
1.01
1.00
.89
.74
.90
.95
1.06
.90
dol. per b u . .
1.02
1.03
.92
.83
.90
.S3
1.09
.77
.90
.91
.92
No. 2, Red Winter (St. Louis)
do
.97
.98
.85
.76
.85
.87
1.07
.69
.82
.83
.85
No. 2, H a r d Winter (K. C.)
do
.99
.87
.98
.90
1.05
.73
.78
.85
.85
Weighted av., 6 markets, all g r a d e s . . d o
2
816,
698
Production (crop est.), total
thous. of bu i 957, 563
2 227, 547
Spring wheat
d o . . i1 272, 597
2 589,151
684, 966
Winter wheat
do. 30, 987
26, 611
17,114
16, 210
8,085
11,716
15,284
10,025
9,432
17,925
9, 652
21,442
Shipments, principal markets
do
17, 637
Stocks, end of m o n t h :
272,361 373,513 409, 354 415, 707 440,293 445,153 442,408 438,973 439,533 428, 235 429, 565 432, 504
Canada (Canadian w h e a t ) .
do...
408,115
438, 088
545,574
868, 207
725,128
United States, total
do..
180,052 186,523 176," 390 166,587 169,776 161," 088 152,598 141,897 139,119 139,513' 151,896 246,702
Commercial
do-..
274,"
600
240
131,247
188,
618
165,167
C o u n t r y mills and elevators
do...
93, 882
76,675
133, 319
106, 303
Merchant mills
do...
195,755
89,
097
359,
746
283,
882
On farms
do...
Wheat flour:
8,843
9,889
8,866
8,386
9,377
9,117
9,022
8,063
8,
531
8,602
9,061
Disappearance (Rus'l-Pearsall). thous. of bbl.
507
554
749
377
768
672
437
405
517
435
668
387
Exports!
do_.
38, 819
40, 625
39,707
39, 792
40, 899
39,045
42, 268
36, 575
40, 474
37,078
45,319
40,000
Grindings of wheat
thous. of bu_.
Prices, wholesale:
5.42
4.54
4.62
4.66
4.17
4.34
4.52
4.89
5.01
5.32
4.70
5. 76
Standard patents (Mpls.)
dol. per b b l .
4.24
4.09
3.58
3.71
3.93
4.32
4.01
4.16
4.77
3.71
5. 06
5.36
3.88
Winter, straights (Kansas C i t y ) . . . . . . d o
Production:
8, 552
8, 918
8,764
8,596
8,737 I 8,166
8,818
9,002
9,288
8,063
8,881
9,960
Flour, actual (Census).
thous. of bbl.
58. 9
59. 3
59.5
56.8
65.5
59. 1
55. 6
60.3
57.9
55.6
62.6
58.0
Operat ions, percent of capacity
9,374
9, 090
9,587
9,535
10,713
9,495
8,505
9,043
9,470
10, 264
9,248
Flour (Russell-Pearsall)
thous. of bbl
669,141
706,944
703,
201
675,411
705,137 735,441 785,828 687, 760 639,306 690,728 630,124 686,551
Offal (Census)
thous. of lb._
Stocks, total, end of m o n t h (Russell-Pearsall)
825
'5,250
I
5,425
5,225
r
5,
400
5,900
5,900
5, 750
5,700
5,500
5,450
thous. of bbL
3,923
4,001
4, 601
4,409
Held b y mills (Census)
do ..
2
3
1 September 1 estimate.
December 1 estimate.
For domestic consumption only; excludes grindings for export.
4
5
No quotation.
Less than 500 bushels.
§ Data for 1939 revised; see table 14, p. 17 of the April 1941 Survey.
1 Production in "commercial areas". Some quantities unharvested on account of market conditions are included.
X For monthly data beginning 1913, corresponding to monthly averages shown on p. 105 of the 1940 Supplement, see table 20, p. 18 of the April 1940 Survey.
S-26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the
August
1940 Supplement to the Survey
October 1941
1940
August
September
1941
Novem- DecemOctober
ber
ber
January
Febru-
March
April
May
June
July
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Receipts, principal markets, thous. of animals..
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Beef steers-.dol. per 100 lb
Steers, corn fed
do
Calves, vealers
do
Hog?:
Receipts, principal markets-thous. of animalsDisposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Prices:
Wholesale, heavy (Chi.)-—dol. per 100 l b . .
Hog-corn ratio
bu. of corn per cwt. of live hogs...
Sheep and lambs:
Receipts, principal markets-thous. of animals..
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Ewes
dol. per 100 lb_.
Lambs
do
1, 728
1, 785
2,175
2, 427
939
833
401
1,033
1,083
603
1,110
1,324
808
977
892
496
11.73
11.93
12.38
11.00
11.33
10.41
11.50
11.47
11.53
11.87
12.09
10.97
12.06
12.21
10.50
1,895
2.177
2,302
3,113
1,361
529
43
1,497
677
37
1,692
601
36
2,371
730
42
10. 88
• 6. 23
6. 59
6. 41
1,032
680
328
1,868
1,600
1,313
1,503
964
623
266
828
475
220
923
544
251
955
637
302
11.85
12. 61
10.58
11.90
13.08
11.94
11.27
12.55
12.50
10.81
12.46
11.28
3,595
3,787
3, 039
2,513
2.682
905
4;
2, 823
960
40
2,148
881
58
1, 817
696
48
6.42
7.69
7.60
7.53
1,604
976
624
290
1, 593
1, 647
1,624
1,697
1, 013
624
282
1,025
574
228
1,079
605
235
10.67
12. 31
11.34
10.23
11.97
11.34
10. 62
11.88
11.13
11.24
12.01
11.94
2,649
2,610
2,564
2,305 !
2,036
1,941
700
48
1,981
623
1,974
587
53
1,707
582
51
1,473
560
8.97
9.88
54
6. 24
54
8.42
14.8
9.2
9.9
9.8
2,068
2.523
2,737
9.9
10.3
13.0
12.8
12.4
1,597
1,721
1,416
1, 520
10.94
12.4
13.1
1,928
1,779
12.9
2,023
922
1,104
377
4.84
10.88
876
1,188
383
3.50
8.75
954
1,530
610
3.83
8.54
1,085 908
1,669 883
890
320
4.01 4.03
8.88 8.88
917
688
154
997
718
148
850
568
128
890
632
131
4.10
9.06
5.22
9.78
5.63
10.09
6.27
10.29
1,069
21
1,139
1,310
89
1,221
30
1,216
1,282
83
429.195
1,079
464,920
1,512
.180
410,821
98, 444
MEATS
Total meats;
1,228
1,365
1,167
1,250
1,289
Consumption, apparent
mil. of lb__
1,200
17
16
17
18
17
18
Exports§
do
1,
068
1,442
1,356
1,168
1,051
Production (inspected slaughter)
do
1,349
1,550
796
914
1,258
788
662
Stocks, cold storage, end of month _ . . . - d o —
1,164
632
72
67
98
58
Miscellaneous meats
do
102
66
53
Beef and veal:
480,723 456,800 524,736 463, 355 439,048 502, 771
Consumption, apparent
thous. of lb_1. 403
1,280
1, 508
1,609
Exports§
do
1,181
1,003
Price, wholesale, beef, fresh, native steers
.183
.192
.183
.176
.183
.192
.183 .190
.193
.193
(Chicaeo)
dol. per lb._
469, 808 452,515 532,165
532, 165
483,045 469, 265 496, 850
Production (inspected slaughter).thous. of lb_- 557,536 469,808
35,
663
36,
303
67,477
35,663
36,303
48,215
71,508 106, 990 108, 622
Stocks, beef, cold storage, end of mo
do
Lamb and mutton:
57, 579
69,165
58, 314
58, 705
57, 848
70. 327
Consumption, apparent
...do
57,
457
69,618
60,364
57,457
59,332
58,108
Production (inspected slaughter).
do
59,026
69, 936
3,192
3,817
3,309
3,192
3,417
3,817
4,427
Stocks, cold storage, end of month
do
4,699
3,417
5,119
Pork (including lard):
689,594 651,872 771, 486 766, 548 702, 972 677, 365
Consumption, apparent
do
14,158
13, 854
15,034
14.033
13, 555
15, 941
Exports, total
do
12, 302
10,181
9,956
13,666
10,198
10, 228
Lard
do
Prices, wholesale:
. 285
.178
.183
.183
.183
.183
Hams, smoked (Chicago)
dol. per lb__
. 183
.200
Lard, in tierces:
. 103
.055
.055
.052
.053
Prime, contract (N. Y.)
do
.057
.050
.118
.066
.071
.068
.069
Refined (Chicago)
do
.075
.068
Production (inspected slaughter), total
thous. of lb__ 549,836 541,180 540,486 747,045 899,321 1,021,219 788, 844
98,086
90,525
84,310 114,789 145,381
181,917 138,836
Lardf
--do
771,205
689,854 564,904 526,878 646,492 950, 238 1,046,817
Stocks, cold storage, end of month
do
739, 927
482,992
417,564 329,214 303,712 408,900 656,169
Fresh and cured
do
294,069 306,890
288,213
272,290 235,690 223, 166 237,592
Lard^f
do
POULTRY AND EGGS
Poultry:
32,987
34,087
44,248
89,802
Receipts, 5 markets
__.thous. of lb_. 33,368
88, 005
27, 933
85,276
82,178
90,842 114,257 | 159,110 208, 365 191,410
Stocks, cold storage, end of month
do
Eggs:
799
734
1,065
682
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
6.134
7,241
6,040
4,144 1,969
614
Shell.
thous. of cases..
297
Frozen._
thous. of lb_. 193,972 145,653 130,787 111,815 91,273
73, 326
53, 828
1,618
972
648
113
14.7
1,079
853
154
933
834
150
4.81
10.44
4.10
11. 13
1,286
18
1,327
1,329
77
1,239
67
1,190
1,233
75
486,031
1,548
558,783
1,195
525, 989
978
.170
449, 098
90, 373
.170
473, 364
85, 563
.175
538,542
76, 231
. 175
512, 112
68, 442
60, 991
60,800
4,448
62, 355
62, 328
4,378
61,833
62, 214
4,718
65, 301
64, 752
4,130
54, 915
54,458
3,638
579, 230
17, 603
14, 830
693, 909
26, 747
24, 329
637, 891
25, 305
22, 375
662,123
14,213
10, 697
1,186
28
1,215
1, 291
80
.218
.218
.238
.248
.062
.075
.070
.081
.083
.097
.095
.106
658, 549
51,439
20,101
19, 324
126, 904
19, 863
101, 129
30, 353
87, 433
4.41
10. 75
T
1, 275
106
1,222
1,102
* 73
569, 054
5, 473
. 171
565, 041
65, 708
r
62, 238
61,853
' 3,211
643. 730
80, 005
53,819
.104
.114
.101
.112
666, 956 704, 487 679, 746 723, 277 623, 078
117,714 130, 029 125, 746 139, 714 115, 719
1,118,552 1,104,072 1,123,574 1,172,305 1 086 399
791,910 785, 387 795, 876 798, 455 703, 893
326, 642 318, 685 327, 698 373, 850 382, 506
19, 159
163, 321
1, 885
971
924
241
28, 188
85, 573
594,
108,
959,
618,
340,
970
395
146
866
280
28, 723
r 81, 206
1,110
1,520
2,073
1,508
1,337
307
45, 239
1,090
63, 428
3,031
99, 531
5, 375
142, 065
6, 427
178, 594
r 6, 641
195, 097
.0782
1,972
TROPICAL PRODUCTS
Cocoa:
Imports§
long tons..
.0787
Price, spot, Accra (N. Y.)
dol. per lb_.
Coffee:
Clearances from Brazil, total- -thous. of bags..
518
To United States
do
376
Imports into United States§
do
Price, wholesale, Rio No. 7 (N. Y.)
dol. per l ^ .093
Visible supply, United States .thous. of bags..
1,879
Sugar:
Raw sugar:
Cuban stocks, end of month
thous. of Spanish tons__
1,422
United States:
Meltings, 8 ports
long tons. _ 417,387
Price, wholesale, 96° centrifugal (N. Y.)
dol. per lb,_
.037
Receipts: From Hawaii and Puerto Rico
long tons._
Imports, total §
do
From Cuba
do
From Philippine Islands
do
506, 133
Stocks at refineries, end of month. -do
f
35, 396
.0426
.0426
24, 935
.0451
.0451
30. 053
.0452
.0452
30,082
.0489
40,548
.0534
33, 795
.0520
27,615
.0578
32, 218
.0718
31, 304
.0731
36, 028
.0795
34, 395
.0799
847
847
650
650
1,148
804
804
708
708
994
1,050
1,050
912
912
1,247
1,094
896
1,386
1, 306
1,149
1,605
1, 455
1,214
2,010
1, 136
975
2,260
1,576
1,428
2,012
1,110
945
2,135
1,141
968
1,731
627
513
1,215
454
296
591
.051
.051
975
975
.051
.051
1,044
1,044
.051
.051
997
997
.052
1,099
.053
1,157
.053
1,300
.057
1,600
.063
1,709
.068
1,968
.075
2,151
9 224
.087
2,064
1,473 |
1,216
1,258
2,421
1,650
1,650
1,568
318,357
368,346
.027
.027
123,
198,
98,
99,
474,
983
490
623
852
426 |
303,215 | 350,401
.027 |
143,034
90,986
52,041
412, 105
.028 j
| 145,042
| 73,155
i 71,884
ii 315, 501
1,181
1,037
305, 978
307, 619
323, 430
118,252
113,186
51, 607
45,955
277,946
34,
236,
148.
83,
276,
95, 057
276, 810
164, 919
106, 397
296, 796
.029
136,764
175.548
91,442
79, 097
: 295, 661
2, 460
442, 264
2,195
426,159
.034 I .034
554
098
938
458
034
143, 375
278, 863
222,179
54, 357
312, 053
180,098
380,881
266,675
85,001
460,549
I 191,473
| 322,567
I 199,483
117,032
! 608,701
1,942
402, 504
1,654
405, 663
.035
.035
195,169
239, 305
147, 705
78, 326
654, 105
166, 355
211,202
127,864
63, 673
653, 041
Revised.
§Data for exports and imports revised for 1939; see table 14, p. Vi', and table 15, p. 18, respectively, of the April 1941 Survey.
fRevised series; revisions beginning January 1937 appear in table 8, p . 18, of the January 1941 Survey; see also note marked "V' whieh applies to both production
and stocks.
Ilncludes fats rendered from hog carcasses now reported as "lard" and "rendered pork fat." Figures are comparable with data reported prior to November 1940.
S-27
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1839, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1941
1940
August
September
DecemOctober November
ber
January
February
March
April
May
June
July
FOODSTUFFS AND TOBACCO—Continued
TROPICAL PRODUCTS- Continued
Sugar—Continued.
Kenned sugar (United States):
Exports
long tons..
Price, retail, gran. (N. Y.)
dol. per lb_.
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii and Puerto RicoJong tons..
Imports, total
do
From Cuba
do
From Philippine Islands
do
Tea, imports
thous. oflb__
.057
.052
10,977
.050
.043
7,420
.050
.043
3,995
.050
.043
6, 305
.050
.043
2,996
.050
.043
6,720
.050
.043
993
.050
.044
4,560
.052
1,897
.055
.050
2,360
.056
.050
3,175
.056
.049
2,482
.056
.050
271
43, 668
37, 562
6, 023
7,176
1, 109
35, 298
29, 711
5, 571
7,783
1,406
25, 983
24, 994
960
9,030
1, 654
10,076
6,155
1,362
9,364
2,054
904
241
479
9,385
2,366
12, 976
7,477
5,207
7,838
22, 737
23, 361
20, 251
2,857
8,863
29, 442
47, 461
41, 532
5, 911
6,197
20, 612
58,108
52, 918
4,224
7,793
14, 051
53, 264
48, 993
3,990
11,190
6. 257
54, 551
49,144
5,365
9, 752
5,412
27,707
19, 477
7,926
10. 679
22, 709
19, 076
20, 411
21, 227
18, 467
15,512
14, 736
13,999
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers...thous. of doL.
Fish:
Landings, fresh fish, prin. ports.thous. of lb._
Salmon, canned, shipments
cases..
Stocks, cold storage, 15th of mo.-thous. of l b . .
Gelatin, edible:
Monthly report for 7 companies:
Production
do
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
do
Stocks
do
TOBACCO
Leaf:
Exports, incl. scrap and stems§._ thous. oflb..
Imports, incl. scrap and stems§
do
Production (crop estimate)
mil. oflb..
17,219
15, 679
23, 409
24, 111
24,159
53, 592
88, 604
• 51, 825
S80,148
76, 479
44, 624
794, 289
86, 321
40, 836
817, 370
94, 006
36, 070
463, 549
95, 531
1,435
2, 006
3,644
1,150
1, 674
5,940
1,160
1,399
5,701
1,397
1,595
5,503
1,625
1,636
5,492
31,518
22, 027 29,189
37, 224 47, 033 54, 580 54, 555 51,123
728, 566 530, 784 421, 338 277, 998 204, 808 156,185
100, 088 86, 880 71, 458 49,805 35, 757 41, 878 "55," 117" • 73, 432
1,856
1,775
5,574
7,644
6,239
11,526
6, 734
11,836
5,365
i 1, 256
Stocks, dealers and manufacturers, total, end
of quarter
mil. of lb__
Domestic:
Cigar leaf
do
Fire-cured and dark air-cured
do
Flue cured and light air-cured
do
Miscellaneous domestic
do
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do....
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions, _ 17, 777
Large cigars
t h o u s a n d s , . 491, 028
Mfd. tobacco and snuff:
thous. o f l b . . 27, 462
Exports, cigarettes!
thousands..
Prices, wholesale (list price, destination):
Cigarettes, composite price,-dol. per 1,000._
5.760
Cigars, composite price
do
46. 056
Production, manufactured tobacco:
Total
thous. o f l b . .
Fine cut chewing
do ._
Plug
do._-_
Scrap chewing
do
Smoking
do
Twist
do
1,686
1,513
5,935
6,364
8,421
,700
1,600
14, 360
7,329
1,806
1,617
5,763
18,947
7,091
1, 376
1,850
2,545
5,240
1,847
2,205
4,882
2,028
2, 055
4,856
14, 844
14,930
4,898
19,404
7,087
1, 661
2,248
4,216
7.492
6,563
6,977
7,804
2
1,973
2, 025
4,803
14, 030
5,927
22, 699
6,526
14,916
6,630
3,123
3,437
3,594
3,343
358
207
2,431
3
322
202
2,789
4
396
401
282
2,527
18
106
18
102
2,778
3
26, 793
6,042
22
109
14, 347 13,815
16, 287 14,465
15, 529 15, 854 17, 858 18, 523 18, 404
507, 349 349, 780 403,166 385, 349 430, 326 490, 585 475,067 478, 802 487, 033
28, 596 24, 758 28, 958 25, 202 28, 253 29,127 29, 232 27, 660 28, 835
472,923 597, 390 626,129 584, 281 685,139 685, 513 926,183 549, 338 521, 326
15,840
487, 641
28, 849
639,101
14, 890
475, 725
28, 729
285,106
16,448
583, 508
34, 718
533, 455
5.760
46. 056
5.760
46.056
5.760
46. 056
5.760
46. 056
5.760
46.056
5.760
46.056
5.760
46.056
5.760
46. 056
5.760
46. 056
5.760
46.056
5.760
46. 056
5.760
46. 056
25, 933
456
4,225
3,807
16, 949
497
26, 300
398
4,145
3,525
17, 762
470
31,133
443
4,195
4,009
21, 950
536
25, 704
421
3,942
3,256
17, 642
442
22, 941
380
3,681
3,196
15, 227
456
25,153
426
3,882
3,636
16, 752
457
22, 630
355
3,748
3,347
14, 719
461
24, 766
389
4,065
3,385
16,458
468
26,246
402
4,406
3,745
17, 209
483
25,462
427
4,288
3,524
16, 847
376
25, 346
441
4,229
3,910
16, 288
478
25. 732
458
4,560
3,884
16, 348
483
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports
thous. of long tons..
222
221
141
97
309
146
159
180
Prices, composite, chestnut:
H.41
11.67
Retail
dol. per short ton__
11.48
11.57
11. 59
11.66
11.67
12.17
11.66
11.64
9. 636
9.793
9.823
Wholesale
do
9. 769
9.775
9.826
9.805
9.799
10. 073
9.558
9.779
Production
thous. of short tons..
4,834
4,172
4,977
4,432
4,355
3,980
4,595
3,198
5,246
3,883
3,858
Stocks, end of month:
1,112
704
In producers' storage yards
do
1,279
1,112
531
331
197
1,164
169
In selected retail dealers' yards
33
51
number of days' supply..
49
26
23
43
53
56
Bituminous:
Exports
thous. of long tons..
454
1, 488
1,091
488
528
1,806
658
1,511
1, 065
518
Industrial consumption, total
thous. of short tons.. 32, 403
26, 783
30, 333
30, 961 32, 637 33, 588 31,161
29, 023
27, 079
34, 041
31,199
736
Beehive coke ovens
do
432
577
626
959
442
850
817
148
789
931
Byproduct coke ovens
do
6,999
6, 624
6,928
6,799
6,703
7,108
6,871
6,404
7,061
6,445
7,157
Cement mills
do
507
543
578
556
656
534
596
489
407
370
470
C oal-gas retorts
do
171
132
139
139
139
136
134
136
152
139
150
4,737
Electric power utilities
do
5, 646
4,177
4,812
4,582
4,916
4,341
4,782
4,164
4,446
4,729
8,072
Railways (class I)
do
6, 606
7,349
7,594
8,038
6,612
7.
755
8,176
7,006
7,666
8,600
Steel and rolling mills
do
752
895
975
844
791
870
837
1,043
966
1,024
946
Other industrial
do
7, 510
9,080
9,770
9, 020
7,520
10, 440 11,150
9,240
10, 340 10, 980
9,730
Other consumption:
98
Vessels (bunker)
thous. of long tons
102
107
80
112
105
77
80
124
296
315
Coal mine fuel
thous. of short tons..
276
345
43
307
326
281
277
286
Prices:
8.87
8.84
Retail, compositef
dol. per short ton..
9.24
8.54
8.75
8.87
8.88
8.85
8.86
8.87
Wholesale:
4. 393
4. 390
4.389
M ine run, composite
do
4.277
4.403
4.393
4.398
4. 547
4. 658
4.389
4.256
4. 619
4.616
Prepared sizes, composite
..do
4.354
4.602
4. 618
4.615
4. 533
4.615
4.618
4.823
4.314
40,012 41,400 44, 070 41, 695 48, 250
Production^
thous. of short tons... 45, 650
38, 650
38, 700
5,975
43, 400
39,010
3
2
' Revised.
September 1 estimate.
December 1 estimate.
JData for 1938 revised. See p. 45 of the August 1940 Survey.
^Composite price for 37 cities in September and October; 36 cities in November; and 35 cities beginning in December.
§Data for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 issue.
335
223
11.57
9. 807
4,891
11.88
9. 939
r 4, 681
205
268
29
32
2,071
1,973
30,881
886
6, 855
615
127
5,135
7, 576
827
8, 860
• 31,510
908
7.107
660
128
r
5, 215
7, 799
833
8,860
113
'306
8.89
4.570
4. 663
42, 774
r
129
311
9.06
4. 618
4.724
43, 300
S-28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1941
1940
August
September
1941
DecemOctober November
ber
January
February
March
April
July
June
May
FUELS AND BYPRODUCTS—Continued
i
COAL—Continued
Bituminous:
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons.Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
__do
Retail dealers, total
do
COKE
Exports
thous. of long tons..
Price, beehive, Connellsville (furnace)
dol. per short ton__
Production:
Beehive
thous. of short tons...
Byproduct
do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills)_..thous. of bbl-_
Importsf
do
Price (Kansas-Okla.) at wells.- dol. per bbl._
Production!
thous. of bbLRefinery 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 J_
do
Wells completed!
number .
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantst
thous. of bbl..
Railways (class I)
do.
yessels (bunker)
do^
Price, fuel oil (Pennsylvania)*.dol. per gaL.
Production:
Residual fuel oil!
thous. of bbL.
Gas oil and distillate fuels, total
do
Stocks, end of month:
Residual fuel oil, east of Calif
do.
Gas oil and distillate fuels, total do.
Motor fuel:
Demand, domestic!
thous. of bbL.
Exports f
do _
Prices, gasoline:
Wholesale, refinery (Okla.).dol. per ga
Wholesale, tank wagon (N. Y.H
do.
Retail, service stations, 50 cities*._.do
Production, total!
thous. of bbl
Benzol!
do...
Straight run gasoline!
do
Cracked gasolinei
do_
Natural gasoline!
do.
Natural gasoline blended!
do
Retail distribution
mil. of gal. _
Stocks, gasoline, end of month:
Finished gasoline, total!-_.thous. of bbL.
At refineries
do
Natural gasoline
do
Kerosene:
Consumption, domestic
do
Exports §
do
Price, wholesale, water white, 47°, refinery
(Pennsylvania)
dol. per gaL.
Production
thous. of bbl _.
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic!
do
Price, wholesale, cylinder, refinery. (Pennsylvania)
dol. per gaL.
Production
thous. of bbl
Stocks, refinery, end of month
do._
Asphalt:
Imports §
short tons
Production
do..
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb_.
Stocks, refinery, end of month
do.
r
48, 111
39,611
7, 832
551
291
11,003
5, 693
661
13, 580
8, 500
51, 122
42, 122
8, 861
578
287
11,337
5, 679
690
14, 690
9,000
51, 564
42, 464
9, 712
515
285
11,309
5, 493
660
14, 490
9,100
51,872
42, 922
10, 091
476
273
11,413
5,748
691
14, 230
8, 950
50, 998
42, 978
10, 184
436
284
11,336
5, 921
827
13, 990
8,020
48, 702
42,102
9,887
408
258
11,119
6, 235
935
13,260
6,600
48, 518
42, 518
9,890
440
247
10, 944
7,216
1,041
12, 740
6,000
50, 690
45, 590
9,854
562
247
11,330
8,741
1,276
13, 580
5,100
37, 483
32, 583
4, 725
483
162
8,991
6,135
737
11,350
4,900
35, 971
31, 891
4,970
390
188
9,014
5, 658
721
10, 950
4,080
42, 929
37, 249
5,913
559
225
9,988
6,604
720
13, 240
5,680
• 47, 051
•40,451
6, 215
634
'285
10,431
'7,003
723
15,160
6,600
90
79
62
51
45
36
49
47
51
64
6.125
4.475
4. 475
4.475
4. 555
5. 000
5. 375
5.375
5. 375
5.375
5.825
6.125
6. 125
611
5,013
294
4, 696
123
288
4, 641
119
384
4, 854
131
417
4, 764
88
490
4, 904
126
514
4, 933
126
496
4,502
103
586
4,999
125
93
4,474
128
541
4,846
140 !
564
4, 836
144
578
5,014
134
1, 596
932
664
2, 027
807
1,219
647
2, 058
776
1. 281
617
2,029
740
1,290
581
1,997
1,901
713
1, 284
73(5
1. 165 j
487
1, 597
732
865
406
1,391
774
618
375
1, 337
845
492
375
1,401
694
706
400
1, 405
741
664
385
1,428 i
849 ,
578
382
1,452
875
108, 756
4,150
.960
110, 523
81
107, 756
4, 059
.960
109, 337
83
1.110
1,786
" 7058
.060
.149
.062
.143
367
109,394 I 105,364
3,910
4,023
.960
.960
106, 904
113,418
82
82
109, 703
4,744
.960
110, 520
110,683
3,199
.960
110,647
83
100,445
3,321
.960
100, 791
83
111,059
3,876
.960
112,817
83
111,106
4,132
1.010
111,080
85
119,435
3,701
1.035
116,976
115.935
4,488
1. 110
115,027
121,180
4, 657
1. 110
118,251
89
75, 392
76, 373
35, 460
36, 493
220, 243 220,197
r 47, 959 44, 778
172, 284 175,419
1, 555
1,788
74,124
35,422
220, 896
44, 774
176,122
1,856
73,011
35, 043
220, 645
44, 873
175, 772
1,533
71, 798
35, 852
221,031
43, 767
177,264
1,243
70, 474
35, 961
219, 905
42, 760
177,145
1,368
69, 833
36, 985
220, 046
42, 260
177, 786
1,162
68, 661
37, 451
221,319
41,649
179, 670
1,184
67, 256
37,272
221,120
42, 528
178, 592
1,612
66, 256
36. 221
218,355
41, 595
176, 760
1,615
65, 735
34,961
216,454
43,526
172,928
1,620
66, 454
35, 651
212, 132
44. 472
167, 660
1,934
1, 507
4,293
2, 661
.040
1,427
4, 334
2,293
.040
1,677
4,847
2,724
.040
1,461
4,805
2,779
.042
1,837
5, 021
2,525
.043
1,844
4, 938
2 172
.'044
1,586
4,511
2,487
.044
1,677
5, 061
2,569
.044
1,658
4, 895
2.823
.045
26, 451
14, 957
25, 504
14, 735
27, 944
14, 381
26, 125
15, 073
27, 925
16, 608
27, 880
17,018
' 25, 944
14, 732
r 27, 677
' 15, 387
' 26,748
14, 692
24,042
33, 964
25,015
37, 166
26, 539
37, 709
24, 580
35, 885
23, 656
32, 082
22, 060
28,034
21,154
28, 542
21, 086
23, 293
19, 822
24,449
55, 346
1,873
52, 297
1,844
53,807
49,074
1,793 ! 2,082
46,413
1,863
45, 344
1,767
r 42, 001
1,079
' 48, 760
1,287
.046
.128
.123
52, 658
271
22,120
25, 587
4,680
3,186
2,321
.046
.124
.122
52,313
263
22, 254
25, 090
4, 706
3,901
2,135
.045
.122
. 122
52, 907
290
21, 602
25, 968
5,047
4,269
2,191
.045
.120
.121
50, 892
282
21,053
24,716
4,841
4, 133
2,020
.045
.123
.122
52, 508
298
22,213
25, 047
4,950
3.945
1, 947
.044
.125
.122
52, 542
313
21,353
25, 992
4, 884
4,016
1,848
.044
.127
.123
48,374
280
20,112
23,417
4, 565
3, 510
1,732
.045
.129
.124
53,409
317
21, 995
26,181
4,916
3,981
2,019
77,134
50, 056
7,702
75, 915
49, 040
7,038
73, 338
47, 162
6, 569
73, 429
46, 695
6,102
77,943
50, 807
5,704
83,310
55, 562
5,490
' 88, 609
61,756
5,311
' 91,501
64, 468
5,331
4,114
196
5,173
173
5, 608
120
7,769
57
6,484
54
6,778
124
.049
5,629
9,476
.049
6,062
10, 254
.049
6, 496
11,000
.050
6,431
10,473
.052
6, 894
9,512
.053
6,661
8,312
.054
5,888
7,634
2,024
2,150
2, 443
2,449
1,875
2,367
.103
2,635
8,457
.094
2, 682
8,596
.090
2,954
8,464
.090
3, 021
8,365
.090
2, 865
8,767
.090
2,943
8,809
21,028
638,000
588,000
1,447
604,700
490,000
39,993
608, 400
409,000
377
396,900
526, 000
18,504
326,200
614,000
33, 320
112,359
39, 760
110,028
43,120
113,827
43,960
120,212
43, 680
125,272
r
1,592
5,040
2, 836
.048
r
27, 994
15, 546
1
20, 891
27, 353
' 55,154 r 59, 307
1,232
1,257
.049
.135
.131
53,768
277
22,131
26, 380
4,980
3,688
2,220
.053
.143
. 137
58, 258
288
23, 881
28, 908
5,181
3,541
2,383
1. 325
5,147
2,488
.053
' 1,620
5, 339
2,633
.057
27, 882
14,697
28, 624
15,746
20,914
30,620
21.909
33,977
• 58,360
1,184
63,093
1,212
.058
.149
. 138
56,987
274
23,140
28, 478
5, 095
3,648 i
2,290 '
.060
.149
.139
59, 609
271
23,962
30,124
5, 252
3,769
r 88, 414 ' 85, 425
61,186
57, 357
5,504
5,856
•82,411
52,856
6,235
77, 429
49, 092
6,317
5,549
158
r 4, 504
118
3,918
101
4,270
95
.054
6,033
6,724
.054
6,068
7,063
.054
6.033
8,421
.057
5,218
9,609
.059
5, 406
10,635
1,798
2,263
2,712
2,732
3,171 i
2,955
.094
2,522
8, 790
.099
2,813
8,637
.100
3,213
8,363
.103
3,322
7,835
.123
3,520
7,353
.140
3, 563
7,227
600
303,100
689, 000
9,838
306,400
760,000
9,579
373, 300
831,000
579
488, 900
933,000
2,452
601,800
964,000
4,366
634, 500
841, 000
0
687,100
713,000
45, 080
120, 027
38, 920
119,150
51, 240
121, 887
56, 280
116, 096
57, 400
118,456
54, 600
110,481
55, 440
101,634
Revised.
^Revised beginning F e b r u a r y 1941 to exclude for East Coast district stocks of "shuttle oil" a n d stocks transferred to t h e U . K. pool board.
*New series. D a t a on wholesale price of fuel oil beginning J a n u a r y 1918 appear in table 46, p . 14 of the November 1940 Survey. D a t a beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10, p . 16 of the March 1941 Survey.
{Exports of motor fuel revised; for data for 1913 to 1939, see table 54, p. 16 of the December 1940 Survey; for data for all m o n t h s of 1940, see note marked, "f" on p . S-28 of the
August 1941 Survey. D a t a beginning J a n u a r y 1941 include mineral spirits; the comparability of the series is affected to a negligible extent b y the inclusion of this item. F o r
revised series on wholesale t a n k wagon (N. Y.) price of gasoline, see table 6, p . 18 of the J a n u a r y 1941 Survey. Gas and fuel oil consumption in electric power plants revised
for 1939. See p . 45 of the August 1940 Survey.
!Revised data for 1939 appear in table 1, p . 17 of the J a n u a r y 1941 Survey.
§Data revised for 1939; for exports, see table 14, p . 17, and for imports, table 15, p . 18 of the April 1941 Survey.
S-29
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- ! 1 9 4 1
gether with explanatory notes and references to the sources of the data, may be found in the
August August
1940 Supplement to the Survey
1940
September
1941
Novem- DecemOctober
ber
ber
January
February
March
April
May
June
July
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins§
thous. oflb_.
Calf and kip skins§
do
Cattle hides
do
Goatskins§
do
Sheep and lamb skins§
do
Livestock (federally inspected slaughter):
Calves
_
thous. of animals,.
Cattle
do
Hogs
do
Sheep and lambs
do
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb..
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports:
Sole leather§
thous. of lb_.
Upper leather§
thous. of sq. ft_.
Production:
Calf and kip
thous. of skins..
Cattle hides
thous. of hides.Goat and kid
thous. of skins..
Sheep and Iambi
do
Prices, wholesale:
Sole, oak, scoured baeks'(Boston). _ dol. per lb_.
Chrome, calf, B grade, black, composite
dol. per sq. ft_.
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides. _
In process and
finished
do
Raw
do
33,123
1,152
20, 685
6, 065
3.786
28, 111
1,253
16, 170
3,661
5,458
29, 627
1,999
18, 922
4,379
2,904
38,459
3,365
22, 004
5,368
5,882
42, 542
1,489
26, 925
4,990
5,357
41, 284
2,828
24,638
4,792
6,249
35,411
1,795
16, 544
6,446
8,550
39, 540
1,859
24,182
5,895
5,254
50,665
2,316
28, 548
5,403
10, 981
56, 267
1,949
35, 327
7,203
8,789
53, 572
2,150
34, 025
8, 577
7,004
50, 680
1,205
32, 471
6,072
9,180
414
968
2, 796
1,522
432
842
3,045
1,489
412
812
3,168
1,473
507
968
4,483
1,734
462
884
5,419
1,462
437
858
6, 063
1.416
411
891
4, 517
1.625
717
3,725
1,391
444
766
3,904
1,408
507
792
3,807
1,436
501
908
4,023
1,551
440
867
3,336
1,378
445
968
3, 006
1, 569
.150
.218
.102
.153
.123
.166
.140
.203
.146
.218
.133
.213
.133
.216
.124
.216
.129
.225
.137
.240
.147
.245
. 153
.234
33
2,256
18
1,971
15
2,752
4,000
2,626
2,209
2, 776
435
2,679
1,278
3,416
2,799
3,781
14
3,871
14
4,321
2, 268
996
1,739
3,030
3,261
844
1,597
2,830
3,050
1, 977
3,098
3,643
912
1,941
2,672
3,411
964
2, 054
3,098
3,320
994
2, 182
2,953
3,494
1,014
2,120
3,064
3,797
1,151
2,155
3,417
3,724
1,102
2,208
3, 677
4,077
1,033
2,256
3,653
4,632
1,098
r 2, 232
r 3, 997
4, 368
.305
.300
.312
.343
.345
.355
.355
.355
.367
.375
.370
.440
.453
.481
.480
.486
.495
.503
.518
12, 940
8,945
3,995
13, 377
9,174
4,203
13, 764
9,400
4, 364
13,998
9,544
4,454
14, 063
9,588
4,475
13, 656
9,370
4,286
13,221
8,958
4,263
13,009
8,685
4,324
13,184
8.603
4,581
0)
0)
0)
0)
0)
0)
(0
0)
(0
196, 519
118,020
78, 499
204,313
127,698
76, 615
235, 700
146, 597
89,103
243,889
149, 529
94, 360
266.236
158, 949
107, 287
.415
.510
12, 779
8,879
3,900
.478
13,479
' 8, 659
r 4, 820
.150
.218
11
4, 363
1,
2,
4,
4,
165
369
294
568
.415
13, 441
8, 485
4,956
LEATHER MANUFACTURERS
Gloves and mittens:
Production (cut), total
dozen pairs..
Dress and semidreess
do
Work
do
Boots, shoes, and slippers:
Exports §
thous. of pairs.Prices, wholesale, factory:
Men's black calf blucher
dol. per pair..
Men's black calf oxford, corded tip..-do
Women's colored, elk blucher
do
Production, boots, shoes, and slippers:
Total
..thous. of pairs
Athletic
do
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do
High and low cut, leather, total
do
Boys' and youths'
do
Infants'
do
Misses' and children's
do
Men's^
do
Women's
do
Slippers and moccasins for housewear
thous. of pairs. _
All other footwear
do
0)
0)
0)
6.25
4.35
3.55
()
0)
0)
249,638
147, 823
101,815
258,231
155, 805
102, 426
202
206
168
170
101
219
241
237
221
158
148
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.25
3.30
6.00
4.27
3.30
6.15
4.35
3.30
6.15
4.35
3.30
6. 23
4.35
3.45
39, 603
349
318
522
33,109
1,624
1,814
3, 741
9, 632
16, 299
35,092
380
316
479
28,310
1,366
1, 808
3,399
8, 687
13,051
37,027
497
324
815
28, 805
1, 533
2,132
3,511
10, 265
11,365
30,533
508
305
833
22,541
1,281
1,823
2, 941
8,678
7,819
31,624
469
349
1,013
25, 430
1,312
1, 891
3,287
8,788
10,151
36,803
380
414
1,586
32,215
1, 359
2,148
3,909
10, 254
14, 544
38, 288
324
493
1,645
32, 868
1,266
1, 947
3,954
9,998
15, 704
42, 663
401
453
1, 400
36,427
1, 461
2, 256
4,217
10,666
17,826
42, 841
416
582
1,153
35,912
1,555
2,166
3,973
11,198
17,019
41,174
437
563
910
34,263
1,664
2,188
3,817
11,325
15, 268
39, 780
471
289
854
32, 720
1, 683
2, 461
3,870
10, 937
13,768
44,353
506
231
692
37, 509
1,812
2, 459
4, 210
11,394
17,633
4, 950
355
5,419
189
6,341
244
6,143
203
4,120
243
1, 713
496
2,343
615
2, 993
990
3, 760
1,019
3, 937
1,063
4,427
1,020
4,782
634
LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports, tota sawmill products
M bd. ft.
Sawed timber§
do_._
Boards, planks, scantlings, ctc.§
do.._
Imports, total sawmill products
do...
National Lumber Mfrs. Assn.:|
Production, total
mil. bd. ft.
Hardwoods
do _ _ .
Softwoods
do...
Shipments, total
do _ .
Hardwoods
do...
Softwoods
do _ _.
Stocks, gross, end of month, total
do...
Hardwoods
do._.
Sof twoods
do.. .
1
2,882
373
2, 509
3,020
412
2,609
6,092
1,211
4,881
98, 296
11,155
68, 262
64, 704
89,940
12,271
69, 356
71, 374
72, S62
10,342
56, 499
74, 975
73,911
10,085
53, 023
71, 548
61, 960
6,443
36,434
71, 202
79,865
14, 907
46,449
62, 349
60, 921
7,755
42,140
67, 504
50,968
2,541
35, 284
83, 861
65, 828
7,916
39, 838
79,734
2,541
300
2,241
2, 665
379
2, 286
7, 363
2,484
353
2,131
2,751
399
2,352
7,146
1, 573
5,573
2,671
2,342
2,227
357
1,870
2,405
383
2,022
6,552
1,487
5,065
2,298
360
1,938
2,480
393
2,087
6,384
1,455
4,929
2,177
325
1,853
2,232
359
1,873
6,329
1,421
4,908
2,395
327
2,068
2,391
369
2,023
6,333
1,380
4,953
2,568
381
2,187
2,532
387
2,125
6, 406
1,374
5,031
1,620
5, 743
427
388
2,245
2,947
1,954
2,569
453
422
2,495
6,904
1,548
5, 356
2,147
6,685
1,514
5,171
977
404
422
745
84,272
7, 557
67, 635
135,018
2 609
372
2 238
2 581
370
2 211
2,610
2, 676
405
205
462
342
120
410
2 266
6 393
1 303
5,090
2,747
369
2, 378
2,911
422
2, 489
6, 239
1, 251
4, 988
308
4 399
53
40,168
95 057
2
6
1
5
51
7
37
115
FLOORING
Maple, beech, and birch:
8,075
7,900
8,700
9,900
6,450
5,750
8,225
Orders, new
M bd. ft__
9,050
10,725
9,300 10,350
8,075
11,175
11,150
11,450
10,100
11,350
11,150
13,175
10,800
11, 600
10, 950
11, 600
Orders, unfilled, end of month
do
11, 175
8,750
8.275
7,600
8,950
8,175
7,800
8, 550
7,500
9,200
7,100
Production
do
6,650
9,000
6,600
8,325
9,800
9,350
7,275
7,000
K), 125
8,300
8,400
9,600
Shipments
do
7,650
9,500
16, 675
17, 500
18, 200
19, 300
15,850
16,200
Stocks, end of month
._
.__ do. _ 13, 425 16, 600
18,350
17,750
16, 000
18,350
Oak:
54,442 53,489
58, 267
51, 344
47, 571
31, 588 25,942
65,836
44, 781
45, 981
45,931
35,903
Orders, new
do
78, 173
55,519
79, 516
74,089
73,818
46,695
68,765
74, 305 72,557
54, 985
62, 250
44,681
Orders, unfilled, end of month
do
48,686
46, 761
43, 227
46, 916
44, 254
51,938
48,413
49, 925 46,148
38,409
40,369
46, 656
Production
do
52, 146
50,358
46, 428
50,083
52, 655
44, 642 36,664
53,464
35, 677
40,666
37,941
52,624
Shipments
do
61, 580
70, 737
65,533
57,879
44, 962
74, 235
73, 938
71, 503
55,197
62, 788
52, 712
51,426
Stocks, end of month
.do
r
Revised.
i Data not available.
JData beginning January 1940 include fleshers and exclude skivers.
§Data for 1939 revised; for exports see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 Survey.
fRevised data for 1939 and January and February 1940 appear in table 17, p. 17 of the May 1941 Survey.
^Beginning January 1941, data include a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract.
12, 800
13,925
8,200
10, 325
14, 800
60, 524
81,988
51,865
57, 150
51,038
S-30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1941
1941
1940
August
September
DecemOctober November
ber
January
February
March
April
May
June
July
18, 743
6. 615
12, 128
LUMBER AND MANUFACTURES—Continued
SOFTWOODS
Douglas fir:
30, 752
37, 625 26, 888 32,170
Exports, total sawmill products§--.M bd. ft_.
9,385
9,130
8, 390
9,595
Sawed timber§
do
28, 030 17, 503 23, 040 22, 362
Boards, planks, scantlings, etc.§
do
Prices, wholesale:
Dimension, No. 1, common*
24. 990
dol. per M bd. ft... 25. 970 22.908 24. 500 24.500
Flooring, " B " and better, F. G., 1 x 4, R. L.*
dol. per M bd. ft.. 30. 260 29.645
33. 320 33. 320 34. 300
Southern pine:
11,581
Exports, total sawmill products.,_M bd. ft.15, 990 22, 224 10,964
2,368
948
1,215
Sawed timber
do
989
19,856
15,042
10,366
Boards, planks, scantlings, etc
do
9,975
763
692
905
948
Orders, newf
mil. bd. ft_949
570
762
603
550
Orders, unfilled, end of month
do
600
50.585
46.010 48.676
Price, wholesale, flooring._.dol. per M bd. ft_ 54. 393 43.045
734
739
720
Productionf
mil. bd. ft_.
748
827
813
872
818
Shipments t
do
882
952
1,477
1,681
1,814
Stocks, end of month
do
1,456
1,556
Western pine:
441
629
546
653 I
518
Orders, newt
do
532
442 |
433
554
Orders, unfilled, end of monthf
do
486
Price, wholesale, Ponderosa pine, 1x8, No. 2,
33.04
29.71
31.73
28.17
common (f. o. b. mills)...dol. per M bd. ft_. 33.87
414
549
544
618
679
Productionf
mil. bd. ft_.
539
537 I
592
494
605
Shipments f
do
2,051
1,997
1,917
Stocks, end of month
do
2,043
1, 754
West coast woods:
741
829
720
656
705
Orders, newf
do
647
623
681
726
772
Orders, unfilled, end of month
do
641
690
659
614
813
Production!
do
710
702
690
606
826
Shipments!
do
865
892
867
860
819
Stocks, end of month
do
Redwood, California:
35, 963 32, 836 47, 674 36,581
Orders, new
M bd. ft..
42,855 42,849
35,545
32,173
Orders, unfilled, end of month
do
36, 059 31,468
31,533
30,156
Production
do
31,
290
Shipments
do
29, 024 38, 245 36, 318
Stocks, end of month
do
283,907 286,622 282, 098 275,402
FURNITURE
All districts:
Plant operations
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new orders..
New
no. of days' production..
Unfilled, end of month
do
Plant operations
percent of normalShipments
no. of days' production..
Prices, wholesale:
Beds, wooden
1926=100-.
Dining-room chairs, set of 6
do
Kitchen cabinets
do
Living-room davenports
do
Steel furniture (see Iron and Steel Section).
27,896
12, 620
15,276
24,347
6,555
17, 792
12, 651
1,365
11,286
17,517
4,893
12,624
13, 435
3,563
9,872
19, 901
5. 940
13.961
25. 970
25. 970
24. 990
24. 990
24.990
24. 990
24. 990
36.260
36. 260
35.280
35. 280
35. 280
35. 280
35. 280
36. 260
11,293
1,868
9,425
640
498
50. 868
718
692
1,503
11,691
1,747
9,944
773
511
50. 750
763
760
1,506
8,991
750
8,241
674
542
49.943
676
643
1,539
7,761
746
7,015
642
553
48.788
734
631
1,642
15,911
2,612
13, 299
685
580
48. 570
753
658
1,737
12, 573
259
12, 314
767
646
48.213
759
701
1,795
12,679
1, 159
11,520
896
824
49. 143
670
718
1,747
45, 111
586
44. 525
1,019
952
51. 446
734
891
1, 590
397
380
425
394
380
400
480
466
502
490
560
535
607
642
33.58
344
446
1,812
33.99
262
411
1,663
33.47
265
374
1,551
33.37
343
414
1,479
33.68
468
478
1,469
33.22
570
516
1,523
637
628
33. 31
614
543
1, 593
33. 52
693
593
1,685
642
693
618
677
851
666
676
675
681
855
660
701
669
634
889
799
746
752
756
885
749
735
743
759
888
797
787
664
744
867
771
814
695
750
838
776
883
692
715
831
40, 469
51,877
29, 761
31,476
270,158
33,131
52,859
35, 279
31,455
269,424
29, 343
48,415
33,700
32, 738
267,276
38, 756
50,930
31,622
33, 233
262, 805
38,959
52,724
34, 058
37,105
255, 390
47,132
58,493
39, 835
40,461
249, 358
14, 285
4,157
10, 128
43, 576 43,685
64, 769 65. 422
42, 646
40,148
37, 595 40.810
246, 625 246, 431
870
65.0
71.0
76.0
77.0
74.0
70.0
73.0
75.0
76.0
75.0
82.0
82.0
3.0
27
72
82.0
28
3.0
24
38
64.0
18
4.0
28
43
69.0
21
3.0
29
46
75.0
25
5.0
21
40
74.0
23
8.0
17
33
75.0
20
3.0
28
42
72.0
20
6.0
22
42
73.0
21
5.0
22
42
74.0
21
6.0
20
40
74.0
19
4.0
32
54
74.0
20
4.0
26
62
78.0
20
3.0
35
70
77.0
25
93.5
108.2
97.4
93.3
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
77.9
102.3
88.1
87.2
83.5
100.9
89.4
87.2
83.5
100.9
89.4
87.2
83.5
100.9
89.4
87.2
85.1
102. 5
90.7
87.2
87.2
103.9
93.3
87.2
92.9
103. 9
93.3
93.3
95.0
105.5
97.4
93.3
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
long tons..
Scrap
do
Imports, total
do
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton__
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
thous. of long tons__
Shipments from upper lake ports
do
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Imports, total
do
Manganese ore, imports (manganese content)§
thous. of long tons
1,402,075 1,221,052 1,105,510
355,991 255, 608 258, 926
3,966
2,508
2,105
242
56
16
788,176
74, 349
980
252
805,158
69,980
4,064
48
698, 853
45,055
423
17
600,240
74,378
796
150
567,227
54, 383
6,273
5,401
635, 809
120,152
2,620
1,094
472, 734
62, 894
5,633
3,758
457, 685
59, 018
10,190
6, 473
537,921
59, 905
11,049
9,418
38.15
37.70
37.92
38. 07
38.08
38.30
38.38
38.22
38.27
38.15
38.15
38.15
38.15
6. 534
11,430
36, 469
32, 457
4,012
5,701
10,480
32, 935
28, 708
4,227
194
5,672
9,935
37,090
32,432
4,658
164
6,051
10,009
41,125
36, 280
4,846
265
5,973
5,341
41,712
36, 925
4,787
229
6,173
9
36,073
31, 792
4,281
174
6, 331
0
29,794
26,167
3,627
155
5,673
0
24, 195
21,100
3,096
178
6,412
0
17, 761
15,407
2,353
182
5,802
6,919
16, 937
15, 002
1,935
185
6,232
11,007
21,817
19,551
2,266
180
6, 231
10, 731
26,630
23,919
2,710
225
6, 497
11.331
31, 597
28, 257
3, 341
196
49
40
61
59
45
31
49
15
53
50
33
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new
short t o n s . .
Production
do
Shipments
do
Pig iron:
Furnaces in blast, end of month:
Capacity
short tons per d a y . .
Number
68, 945
68,750
64, 250
52,994
48, 926
43,216
53,079
49,804
45, 943
71,129
62, 293
61,161
64,612
57, 717
56,321
66,665
60,155
60,127
81,089
68, 742
65, 884
76,055
63,331
62,066
86, 293
66,208
67,415
84, 751
76,170
73,066
83,218
70, 278
71, 740
75,075
71, 209
70,179
77,312
67,010
68, 310
155, 020
213
137, 500
190
140, 620
193
144,290
196
148,000
201
146, 770
202
152,040
205
148, 555
202
152,750
205
140, 310
195
151,000
206
153, 600
211
153.190
211
§ D a t a for 1939 revised; for e x p o r t s see table 14, p . 17 a n d i m p o r t s see t a b l e 15, p . 18 of t h e April 1941 issue.
fRevised series. R e v i s i o n s for 1939 a n d J a n u a r y a n d F e b r u a r y 1940 for s o u t h e r n pine, w e s t e r n pine, a n d west coast woods, a n d also revisions for 1938 for t h e l a t t e r group,
a p p e a r i n table 17, p . 17 of t h e M a y 1941 issue.
*New series. T h e s e prices replace series s h o w n i n t h e S u r v e y t h r o u g h t h e F e b r u a r y 1941 issue; d a t a b e g i n n i n g 1922 a p p e a r in table 16, p . 17 of t h e M a y 1941 S u r v e y .
S-31
SURVEY OF CURRENT BUSINESS
October 1941
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1940
August
September
1941
DecemOctober November
ber
January
February
March
April
May
June
July
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Pig Iron and Iron Manufactures—Con.
Pig iron—Continued.
Prices, wholesale:
Basic (valley furnace)
dol. per long t o n .
Composite
do_. .
F o u n d r y , N o . 2, northern (Pitts)
do_-_
Production!
thous. of short t o n s .
Boilers and radiators, cast-iron:
Boilers, round:
Production
thous. of lb_
Shipments
do___
Stocks, end of month
do_-.
Boilers, square:
Production
do.-.
Shipments
do_ - .
Stocks, end of m o n t h
do_-_
Radiators, ordinary t y p e :
P r o d u c t i o n . thous. of sq. ft. heating surface _
Shipments
do. _ _
Stocks, end of month
do_._
Boilers, range, galvanized:
Orders, new, net
number of boilers.
Orders, unfilled, end of month
do___
Production
do _ - _
Shipments
. do-. _
Stocks, end of m o n t h
do-__
23. 50
24.15
25.89
4,791
22.50
23.15
24.89
4,238
22.50
23.15
24.89
4,177
22.50
23.15
24.89
4,446
22.50
23.15
24.89
4, 403
22.90
23.15
25. 29
4,548
23.50
23.95
25.89
4,664
23.50
23.95
25.89
4,198
23.50
24.00
25.89
4,704
23.50
24.15
25.89
4,334
23.50
24.15
25.89
4,600
23. 50
24.15
25.89
4, 553
23.50
24.15
25. 89
4,771
14,024
1,848
2,732
13, 873
2,371
3,851
12, 513
3,598
5,145
10,750
2,416
2,451
10, 622
1,934
1,884
11,021
2,071
1,608
11,687
1,920
1,222
12, 391
2,252
1,092
13, 256
2,214
1, 358
14,107
1,826
1,167
14,834
1,741
1,474
15,096
1,863
2, 003
14, 951
26,505
26,185
38, 894 31,100
113,130 107, 267
26, 340
40, 342
93,029
32, 701
43, 767
82, 205
23, 788
26, 059
80, 064
18, 964
18, 547
80, 564
23, 443
14, 437
89, 300
22, 579
13,086
99,040
22, 647
13, 489
106,958
23, 525
13,360
117,058
25, 254
16, 861
125, 448
25, 319
20,382
130,339
21,514
26, 426
125,376
8,454
11,769
22,805
8,042
8,952
22,103
6,245
6, 537
21,831
7,244
5,839
23,461
6,744
4,891
25, 393
6,871
4,371
27, 890
6,967
4,495
30, 375
7,385
5,621
32,140
7,133
6, 453
32,817
6,151
8, 671
30, 263
89,
45,
80,
82,
39,
748
615
705
928
224
80, 583
50, 777
74,113
75, 421
37, 916
94, 992
60,419
82, 820
85, 350
35, 386
69,433
46,448
86, 459
83,404
38, 441
89,159
52,966
81,495
82, 641
37, 295
105,076
72, 258
80, 023
85, 784
31, 534
85,077
77. 809
72, 970
79,526
24,978
7,098
11,696
25, 584
7,147
8,193
29,168
6, 415
9,436
26, 087
68,854
86,451
63,729
60, 212
28,495
64,831
27, 315
76,467
75, 710
38, 458
73, 821 106, 716
32,119
42, 094
68, 522 97, 266
69,017 96, 741
37, 963 38,488
75,
35,
80,
82,
36,
369
220
371
243
616
70,989
38, 795
72, 245
67,414
41, 447
71, 734
61.3
26,873
66, 355
56.7
21, 292
83, 545 112, 327
71.4
96.0
49, 349
28,018
64,122 83,938
54.8
71.7
21,152 31,811
94, 929
81.1
27, 718
81,192
69.4
32, 066
115,343
98.6
45,154
85,810
73.3
33, 932
110,579
94.5
34, 887
94,409
80.7
35, 397
105,125
89.8
29,103
85, 492
73.0
28,692
126,140
107.8
47,408
95,185
81.3
30, 733
152,007
129.9
59, 551
101, 977
87.1
34, 204
153,143
130.8
70,191
104, 971
89.7
37,192
161,512
138.0
80, 065
113,988
97.4
45,073
175, 892
150.3
f 77, 669
112,364
96.0
43, 320
6,469
97
6,495
94
6,928
97
6,238
97
7,132
100
6, 757
98
7,053
99
6,801
98
6, 822
'93
Steel, Crude and Semimanufactured
Castings, steel:
Orders, new, total
short tons..
Percent of capacity
Railway specialties
short tons.Production, total
do
Percent of capacity
Railway specialties
short tons..
Steel ingots and steel for castings: t
Production
thous. of short tons..
Percent of capacity
Prices, wholesale:
Composite, finished steel
dol. per lb_.
Steel billets, rerolling (Pittsburgh)
dol. per long ton__
Structural steel (Pittsburgh)...dol. per lb._
Steel scrap (Chicago)
do] per long ton_.
U. S. Steel Corp., shipments of rolled and
finished steel products!..thous. of short tons..
7,001
96
6,186
89
6, 056
91
6,645
96
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
. 0265
.0265
34.00
.0210
18.75
34.00
.0210
18.03
34.00
.0210
19.22
34.00
.0210
19.75
34.00
.0210
20.06
34.00
.0210
20.60
34.00
.0210
20.00
34.00
. 0210
19.25
34.00
.0210
19.88
34.00
.0210
18.95
34.00
.0210
18.75
34.00
.0210
18. 75
34.00
.0210
18.75
1,754
1,456
1,393
1,572
1,425
1,545
1,682
1,548
1,720
1,688
1,745
1,669
1,667
1,497
1,590
77.6
1,600
37
1,411
1, 246
436
958
55.1
964
47
700
1,305
75.1
1,298
54
431
1,520
87.4
1,534
40
402
1,457
78.9
1,455
42
486
1,452
77.8
1,442
52
370
1, 454
76.7
1,444
63
276
1,035
54.6
1,046
52
315
1,072
56.6
1,077
47
428
1,463
77.2
1,474
37
890
1,584
83.6
1,582
39
1,214
1, 619
79.0
1,619
39
1,317
1, 558
76.0
1, 549
48
1,275
1,098
3,726
1,557
1,708
1,221
1,722
1,026
1, 563
835
2,210
994
1,500
845
3,514
1,294
2,339
1,336
2, 560
1,372
1, 586
1,415
2,270
1,601
2,240
1,286
2,339
2,601
1,495
2,392
3,323
1,728
3,090
3,336
2,181
2,884
4, 357
2,983
3,583
3,787
3,618
3,152
3,852
4,102
3, 368
5, 050
5, 330
3,821
3,889
5,210
4,010
4, 667
5,579
4,298
5, 851
7, 335
4,095
4,981
7. 939
4,349
541
493
545
639
498
634
797
599
696
718
652
665
844
658
790
924
779
804
1,204
1,103
929
1, 346
1,383
1,066
1,278
1,454
1,207
1,525
1,850
1,130
1,182
1,932
1,082
338
3, 925
195
4, 050
196
4,895
229
4,030
233
4, 256
248
4,496
281
4, 393
303
5, 310
320
5, 456
331
5,491
355
5, 511
375
5, 608
366
5,234
447
485
532
99.7
146
1,018
92.4
4,415
455
347
385
74.9
130
915
82.3
4,213
423
371
368
73.9
93
919
86.3
4, 670
475
401
430
83.6
79
1, 069
96.8
4,480
444
377
430
86.5
114
1,047
97.4
4,619
437
384
443
86.8
131
1,050
95.1
4,863
519
409
431
82.6
156
1,122
101.0
4,587
455
384
416
88. 1
154
1,074
107.3
5,046
463
436
454
87.0
177
1,177
107.3
4,942
470
453
445
88.0
194
1,148
107. 8
5,085
471
461
479
91.9
185
1,140
103. 9
4. 754
439
449
466
92.2
168
999
93.8
4,919
443
480
482
90.6
151
991
90.4
106
130
391
360
434
10,236
72
110
331
244
353
6,480
70
121
311
193
339
5,496
86
147
362
189
382
5, 505
83
138
374
200
350
5, 733
89
139
331
203
374
7,151
95
153
363
209
409
6, 835
91
139
322
205
379
7, 973
102
155
374
252
431
10, 225
104
144
383
265
412
11,751
107
160
406
287
434
11,012
102
154
373
292
417
11,210
99
137
366
332
404
10,642
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands_Production
do. _. .
Percent of capacity
Shipments
.
thousands -.
Stocks, end of month
do
Boilers, steel, new orders:
Area
thous. of sq. ft__
Quantity
number..
Furniture, steel:
Office furniture:
Orders, new
thous. of dol__
Orders, unfilled, end of month
do
Shipments
do
Shelving:
Orders, new
do
Orders, unfilled, end of month
do
Shipments
do
Porcelain enameled products, shipments!
thous. of dol_.
Spring washers, shipments*
do
Steel products, production for sale:f
Total
thous. of short tons._
Merchant bars
do
Pipe and tube
do
Plates
do
Percent of capacity*
Rails
thous. of short tons__
Sheets, total
do
Percent of capacity
Strip:
Cold rolled
thous. of short tons_.
Hot rolled
do
Structural shapes, heavy
do
Tin plate
*
do
Wire and wire products
do
Track work, shipments
short tons..
940
829
890
' Revised. «Data are for 7 manufacturers beginning January 1940.
t 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.
t Revised series. Data on pig-iron production converted from a long to a short tonnage basis; data beginning 1913 are shown in table 38, p. 14, of the October 1940 issue.
Steel production and percent of capacity revised completely; for revision through 1939 see table 9, p. 16 of the March 1941 issue; for revisions in 1940 data see p. 49 of the June
1941 issue. Porcelain-enameled products revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p. 49 of the March 1941 issue. Steel products, production for sale, have been converted to a short tonnage basis; see table 45, p. 14 of the November 1940 issue.
* New series. Earlier monthly data will be shown in a subsequent issue.
S-32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1941
1941
1940
August
September
DecemOctober November
ber
January
February
March
June
July
April
May
83,400
49,732
121,484
.1100
.1100
.1100
.1100
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite
long tons.
Price, wholesale, scrap, castings (N. Y.)
dol. per lb_.
Bearing metal (white-base antifriction), consumption and shipments, totaLthous. of lb_.
Consumed in own plants
do
Shipments
do
Copper:
Exports, refined and mfrs.§
short tons,.
Imports, total §
do
For smelting, refining, and export§...do
Product of Cuba and Phil. Is.§
do
Allother§
do.—
Price, wholesale, electrolytic (N. Y.)
dol. per lb-.
Production:
Mine or smelter (including custom intake)
short tons-.
Refinery
do
Deliveries, refined, total
do
Domestic
do
Export
do
Stocks, refined, end of month
do
Lead:
Imports, total, except manufactures (lead
content)-.
short tons..
Ore:
Receipts, lead content of domestic ore -do
Shipments, Joplin district!
do
Refined:
Price, wholesale, pig. desilverized (N. Y.)
dol. per lb.Produetion from domestic ore--short tons..
Shipments (reported)
do
Stocks, end of month...
_do.-_
Tin:
Consumption of primary tin in manufactures
long tons..
Deliveries (includes reexports)
do
Imports, bars, blocks, etc.§
do
Price, wholesale, Straits (N. Y.)~dol. per lb_.
Visible supply, world, end of mo.-long tons-.
Unitsd States (excluding afloat)
do
Zinc:
Ore, Joplin district:J
Shipments
short tons_ _
Stocks, end of month
do
Price, wholesale, prime, western (St. Louis)
dol. per lb.Production, slab, at primary smelters:%
short tons. _
Retorts in operation, end of month .number.. Shipments, total?
short tons__
Domestic*
do
Stocks, refinery, end of month J
do
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
short tons. Orders, unfilled, end of month
do
Sheets, brass, wholesale price, mill dol. per lb._
Wire cloth (for paper industry):
Orders, new
thous. of sq. ft..
Orders, unfilled, end of month
do
S hipments
do
Stocks, end of month
do
MACHINERY AND APPARATUS
56, 789
46,850
53,357
50,158
97,668
.1100
.0838
.0855
.0894
.0904
.0970
3, 680
983
2,696
2,348
876
1,472
2,118
560
1,558
2,691
643
2,048
2,373
622
1,751
62, 393
35,159
26,446
214
8,499
15, 658
40, 710
27,498
25
13,187
38,829
43, 044
24,610
1,415
17,019
.1178
.1071
.1130
84, 977
85, 420
117,262
117,262
0
72,154
79, 967
80, 851
97,719
96,383
1,336
198,955
10, 230
10, 739
27, 739
19,084
19, 205
19, 707
38,228
4, 576
37, 759
2,878
35, 916
3,688
38, 641
4,485
36,400
3,446
38,847
4,079
38,433
4,652
. 0585
39,100
55,005
15, 330
.0485
36,851
51,643
43, 321
.0493
41,523
53,456
41, 292
. 0531
39, 228
62,496
35, 386
.0573
45, 089
57, 510
35, 791
.0550
47, 208
56, 755
40, 926
.0550
54, 658
55,711
47,248
"~2,~393
6,650
12,470
12,926
.5118
38, 040
6,583
5,800
11,410
14, 604
.5032
39,450
9,438
6,230
11,820
10,116
.5150
40, 631
6,623
6,220
12, 505
10, 327
. 5056
40,046
4,362
6,210
9,358
14, 504
.5011
44,678
9,179
37, 655
5,250
35, 116
8,842
34, 250
10, 452
43, 269
11,553
29, 538
17, 045
40, 975
3, 900
13,625
" ."5236
62,051
72,043
95, 794
.1039
.1397
2,296
614
1,682
2,560
507
2,053
2,667
529
2,138
3,257
625
2,632
4,430
999
3,431
3,866
991
2,874
3, 556
750
2,806
3,537
699
2,838
17, 903
32, 790
20, 507
799
11,484
13, 395
25, 945
12, 648
2,014
11,283
22, 382
27, 357
19,120
203
8,034
18, 095
23, 684
6,693
1,842
15,149
7,046
49,188
11,359
1,085
36, 743
8,907
' 87,051
18,086
183
• 68, 782
12,286
54, 981
9,637
1,409
43, 935
8,120
41,472
8, 996
0
32, 476
11,077
69, 838
16, 470
3,469
49. 899
.1183
.1180
.1180
.1182
.1179
.1181
.1182
.1182
.1181
78,238
82,843
96,485
96,485
86,911
83, 076
103, 771
103, 771
84,283
96, 283
102,483
102,483
164, 618
158,418
83,280
93,840
119,758
119,736
22
116, 854
79,240
93,654
112,819
112,808
11
97, 689
85, 701
95, 322
134,339
134,333
6
89, 873
88,042
89, 687
123, 629
123, 580
49
185, 313
85,135
97,035
112, 681
112,671
10
142, 772
90, 342
89,390
144,293
144, 293
0
93, 076
14, 321
27, 991
39, 764
40, 553
33, 374
22, 160
34,705
3,915
38, 282
3,778
38, 665
5,126
38, 779
3,653
37,155
3,824
36, 464
5,482
.0560
47, 764
54, 859
46, 604
.0577
46, 748
62,090
45,996
.0585
43,423
59,169
42,899
.0585
46,104
69, 382
34,018
. 0585
38, 669
57, 9H9
24, 265
. 0585
42, 048
54, 067
19, 172
6,600
12, 760
12,055
.5016
44, 719
9,442
6,660
12,195
9,836
.5140
44,107
7,489
8,130
16, 092
13, 896
.5205
39, 971
5,195
8,390
13, 955
15, 247
.5196
38, 788
5,016
8,860
10,490
13, 060
.5216
40, 777
7,205
7.900
14, 880
11,552
.5267
38, 600
2, 846
8,560
12. 575
14, 765
. 5335
~ 5,864
42, 163
5,597
33, 296
7,091
38,566
4,495
46, 944
2,651
35,196
4,600
36. 928
5,000
44, 882
4,730
.0725
.0725
.0639
.0692
.0725
.0725
75, 524
71,403
61,061
17, 969
57,196
50, 715
72, 989
59,511
52, 214
59, 800
53, 164
75, 193
63, 045
36, 821
63, 338
53, 979
73, 099
63, 970
27, 060
61,502
55, 288
66, 064
61, 200
22, 498
65,
55,
70,
64,
17,
17, 180
30, 646
.195
8,076
17, 823
.183
8,706
31, 365
. 187
10, 093
34, 221
. 192
10, 232
32,017
. 192
10, 567
29, 452
.193
1,971
4,451
844
642
521
1. 033
536
694
435
1,039
423
751
570
1,094
516
793
456
1, 066
482
804
433
978
518
763
0)
86,978
2
.0725
354
288
270
984
582
. 1181
558 r 82, 099
560 ' 86, 879
139 143, 122
097 143,089
42
33
98, 164
74, 384
82,
88.
115,
115,
.0725
.0725
. 0725
.0725
.0725
.0725
66,121
58,000
68, 844
63, 930
14, 859
61, 603
59,688
65, 818
57, 663
10, 644
70, 341
61, 224
67, 640
65.011
13, 345
68, 543
64, 696
70, 414
65, 035
11,474
73, 449
65,540
73,090
61, 696
11,833
70, 837
66,876
71, 569
61, 546
11,101
74,641
68, 292
71,894
62, 714
13,848
12,429
35, 139
. 195
13, 389
38, 253
.195
14, 938
33, 270
.195
15, 558
29, 576
.195
15,390
30, 535
.195
15, 308
30, 762
.195
15,672
30, 891
. 195
703
1, 317
484
696
773
1,493
594
720
974
1,801
665
736
1. 061
2,153
707
764
1,352
2, 733
764
747
1,378
3, 330
826
672
2,265
13, 298
1,217
749
12, 825
1,235
1, 769
12, 961
1,678
2,064
13, 744
1,287
377. 2
405.3
292.5
298.7
291.2
321.0
281.1
273.3
304.7
358.1
368.4
326.9
23, 642
15, 266
22, 819
23, 701
33
36,194
22, 612
28, 848
25, 682
84
32, 521
22, 448
32, 685
27, 202
61
28,511
23, 114
27,845
33,017
71
9,917
14,137
21,387 I 26,046
222
55, 387
234
63, 238
400
93, 515
4,424
704
1,105
572
680
Blowers and fans
thous. of d o l . .
5, 836
6,541
6,501
Electric overhead cranes:
Orders, new
do
798
4,172
2,374
1,131
1, 657
1,497
2, 640
2,291
Orders, unfilled, end of month
do
2,744
3,271
8,563
13, 329
4, 109
5,087
12, 225
10,174
11,034
Shipments
do
282
643
825
1,364
629
615
1,030
1,102
1,063
Exports, machinery. (See Foreign trade.)
Foundry equipment:!
New orders, net total
1937-39 = 100
161.2
165. 4
264. 0
254.2
315.2
312.9
257. 8
285. 3
281.1
New equipment
do
162.0
167. 2
284.8
276.1
329.3
298.2
301.8
295.9
278.8
Repairs
do
158.6
160.0
203.2
201.8
235.8
356. 9
272.7
236.6
Fuel equipment and heating apparatus:
Oil burners:
Orders, new net
number... 30, 389
32, 772
41,895 41,029
17,016
22, 705
22,013
18.513
16,328
Orders unfilled, end of month
do
8,202
8,607
8,043
9, 056
7,562
22, 885
14, 443
10, 353
10, 590
Shipments
do
41, 4901 40, 580
31, 544
16,535
30,618
24,199
16, 203
18,160
16, 091
Stocks, end of month
do
19,617 18,060
16, 860
22, 870
18, 415
18,027
22, 871
31,940
19, 941
Pulverizers, orders, new
do
54
44
38
30
52
56
44
48
47
Mechanical stokers, sales:
Classes 1, 2, and 3
do
30, 951
23,117
25,180
6,103
10, 596
9,710
5,330
5,408
Classes 4 and 5:
Number
386
352
254
410
249
215
171
177
Horsepower
58,411
80,837
80, 424
51, 671
52, 894
56,011
42, 510
45, 487
Unit heaters
do
3,845
3,772
6, 086
Warm-air furnaces, winter air-conditioning
systems, and equipment
thous. of dol
14, 668
15,168
8,651
r
Revised.
f Data for October 1940, January, April, and July 1941 are for 5 weeks; other months, 4 weeks.
2 Average for 14 days; not quoted part of month.
3 Average impossible due to lack of oilerings part of
tRevised
^.
,__t
xv»—*_. J series.
_._..._ g e e n o t e m a r k e d w i t h a «<x,, o _
1941 issue.
n p > s _ 3 2 o f t h e September
8,811
-I
1
403
91, 051
10,499 i
Discontinued.
month.
§Data revised for 1939; for exports see table 14,"p". 17 and for imports see table 15, p. 18 of the April 1941 issue.
JRevised to include foreign ores beginning January 1940; production from foreign ores was relatively unimportant in earlier years;
„
, 1940 data not shown
„ above are: Proluction—Jan., 58,442; Feb., 55,518; Mar., 58,890; Apr., 57,299; May, 58,320; June, 53,273; July, 57,168; shipments—Jan., 59,826;
- - - - Feb.,
- - 53,867; Mar., 52,796- Apr , 50 102; May,
•7,083; June, 56,800; July, 64,691; stocks—Jan., 72,878; Feb., 74,529; Mar., 80,623; Apr., 87,820; May, 79,057; June, 75,530; July, 68,007.
•New series; 1940 data not shown above are: Jan., 54,291; Feb., 50,386; Mar., 49,163; Apr., 45,498; May, 53,557; June, 52,946; July, 56,064.
October 1941
S-33
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1940
September
August
1941
DecemOctober November
ber
January
February
March
April
May
June
July
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units-.
38, 409
Power pumps, horizontal type
do
247
Water systems, including pumps
do
21, 503
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of dol._
2, 556
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
Unadjusted
1934-36=100,.
228
186
145
134
Twelve-month moving totalf
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
102.5
Unadjusted index
1936=100..
104.9
Adjusted index
do
Ironers, household
units.. 18,478
13, 848
50, 759 29,128
Ranges*
do
^270, 493 206, 418
Refrigerators
do
150, 620 87,820
Vacuum cleaners, floor type
do
27, 686 23,047
Vacuum cleaners, hand type
do
148,811 147, 878
\V ashers, household
do
Electrical products:
126.5
Industrial materials, sales billed.-.1936=100..
146.6
Motors and generators, new orders
do
Transmission and distribution equipment,
new orders
1936=100__
159.6
Furnaces, electric, industrial, sales:
5,137
Unit
kilowatts.. 18,312
1,522
372
Value
thous. of dol - Electrical goods, new orders (quarterly)
thous. of dol..
"2,803
Laminated fiber products, shipments
do
1,408
Motors (1-200 hp.):
5,765
3,280
Polyphase induction, billings t
do
5,825
3,536
Polyphase induction, new orders X
do
1, 761
915
Direct current, billings
do
3,395
1,240
Direct current, new orders
do
Power cable, paper insulated, shipments:
1,418
1,253
Unit
thous. of ft..
1,729
1,463
Value
thous. of dol _.
Rigid steel conduit and fittings, shipments*
12, 382
short tons.Vulcanized fiber:
3, 683
2,443
Consumption of fiber paper
thous. of lb_.
1, 302
Shipments
thous. of dol..
681
33, 637
905
18, 657
32, 634
874
18, 688
30,134
906
15,477
20, 813
969
11,511
44, 332
887
17, 666
41, 504
849
16, 703
41,318
917
18, 748
43, 601
1,483
20, 953
40, 884
993
23, 889
36. 475
975
24, 453
46, 572
1,176
25, 802
2,878
2, 952
3,025
4,042
5,648
4,482
4,820
3, 923
5,298
2,613
3,113
207
131
208
130
198
133
160
138
102
131
81
130
81
132
82
133
95
135
112.2
88.4
122.3
91.1
112.2
128.5
130.2
128.6
21,007
23, 282 18, 925 23,191
32,167
34,714
25, 248 24, 626
112,309
88,187
79, 815 115,236
108, 564 114,699 112, 309 125,037
30, 359 38, 270 39, 376 36,274
92, 474
149,002 168, 527 100,787
144.3
181.3
20,986
50,516
376, 214
117, 408
30,177
133,411
157.7
169.0
20,492
51, 790
358, 402
129, 302
34, 696
155, 546
192.1
145.6
17,166
61,647
423,010
178,045
46, 284
191, 325
203.9
156.8
21, 789
65, 692
482, 587
165, 672
44, 602
213,611
203.2
160.9
21, 767
65, 359
433, 670
156,816
42,394
206,030
202.7
183. 9
20, 283
68, 629
378, 054
146, 889
35, 783
188,365
197.1
201. 9
21, 246
64, 476
339, 421
150,967
31,357
213,862
187.4
220. 6
194.5
275.7
223.3
342.0
234.4
263.2
251. 7
429.7
237.1
408.7
240.8
454. 1
123.9
161.3
147.7
254.3
148.2
223. 9
164.8
262.0
* 137
'139
167
142
119.6
230. 7
214. 2
219.8
269.0
356.5
251.3
329.7
303.0
289.1
342. 5
18,847
1,049
16,965
1, 341
12, 228
1,043
31,866
1,766 |
10,516
924
21, 508
1,719
31, 595
1,402
13, 774
997
9,689
646
11,626
945
11,644
976
411,595
1,454
1,718
1,812
514,816
2,023
2,123
2,330
554,115
2,606
2,659
2,896
581,575
2,791
2,822
3,207
3, 693
1,008
1,371
3,703
4,731
1,212
2, 674
3, 524
4, 628
1,297
2, 209
4,358
6,397
1,412
2,065
4,121
4,635
1,399
1,862
4,353
5,829
1,381
2,738
4,679
7,523
1,762
2,882
5,044
6,195
1,369
2,060
5,583
7,351
1,793
3,595
5, 455
7,750
1,725
4,257
5,983
6,200
1,867
4, 512
1,154
1,163
891
1,110
586
739
998
1,083
1,167 j 1,172
1,284
1,457
1,209
1,253
1,373
1,595
1,370
1,751
1,321
1, 655
1,510
1,860
12, 252
15,403
18, 848
19,262
18, 291
19, 468
20, 791
22, 633
24,310
26, 838
26, 540
2, 373
599
2,582
714
2, 742
716
2,981
805
3,088
926
3,012
838
3,448
1,029
3,471
1,158
3,635
1,177
3, 762
1,100
3,595
1,178
PAPER AND PRINTING
WOOD PULP
Consumption and shipments: • §
Total, all grades
short tons., 841, 500 736, 800 680, 700 750, 000 732,900 723, 400 767, 400 718, 700 808, 900 815, 400 848, 600 810,700 807,100
Chemical:
387,700 318, 700 301,800 343, 300 331,800 322, 600 342, 400 320, 500 362, 200 364, 900 387,000 369, 800 362, 400
Sulphate, total
do
327,200 270,000 252, 600 288, 800 281, 200 273,400 288, 200 267,000 303, 900 306, 800 326, 900 309, 800 * 304, 400
Unbleached
do
252,400 225, 400 209, 900 210, 000 216,600 214, 200 223. 200 214, 000 242, 600 242,100 248, 000 241,400 247, 000
Sulphite, total
do
151,400 139, 900 129, 600 128, 800 130,100 128, 300 13i; 600 124, 500 146, 000 146, 600 148, 700 143, 800 148, 500
Bleached
do
51,400
44, 800 46, 800 42, 900 48, 200 48, 000
42, 200 36, 900 42, 600
Soda
do
49, 700 ' 49, 900
49, 700
37, 800
150, 000 150, 500 132,100 154,100 146, 700 141,800 155, 000 141, 300 155,900 160, 400 163, 900 149, 600 •• 148, 500
Groundwood
do
' 61, 633 32, 256 39, 359
48,738
24,175
14,174
35, 387
37, 999
36, 627 23, 501 24,870
Exports, total, all grades*
do
28, 244
70, 686 72, 493 69, 821 84, 967
Imports, total, all grades*
do
S5,136
95,175 105,031
90, 501
70, 549
83, 640 65, 554 68,112
Chemical:
14,431
15,194
16, 447
10,869
12, 521
14, 438 15, 671 13, 659 16, 287
11,858
17, 920 11,253
Sulphate, total*
do
10, 268
8,001
8,414
10, 465
9,845
9,942
11,903
6, 515
7,872
Unbleached*
do
12, 036
7,062
7,799
44, 520 45, 907 45, 554 55, 699
55, 318 40, 188 43, 509
Sulphite, total*
do
53,184
61, 300
70, 598
57, 309
46, 423
23, 603 25, 859 28, 227 30,156
Bleached*
do
31,376
21,247
30, 575
33, 692
25, 112
27, 399
35, 219
28, 930
20, 917 20, 048 17, 327 25, 543
23, 942 18,941
Unbleached*
do
22, 609
27, 608
18,397
19,024
35, 379
28, 439
11,731
16, 394
9,495
12,903
10, 745
11, 030 10,199
Groundwood^
do
9,557
13,187
17, 629
16, 732
20, 149
Production:!
Total, all grades
do
817, 902 739, 052 677, 899 760, 623 747,409 729,687 787, 725 714, 690 804,167 809, 021 843,568 803,183 774,316
Chemical:
384,432 329, 665 309, 348 346, 346 329, 792 325, 331 355, 713 323, 258 360, 073 353, 677 377. 850 366, 582 355, 782
Sulphate, total
do
323, 509 279, 973 260, 298 292,182 278, 582 276. 939 299, 429 270, 902 301, 654 295, 010 317, 245 307, 094 298, 831
Unbleached
do
247, 231 232, 862 208, 238 223, 951 218,103 207,102 225, 486 203,113 237, 479 238, 546 244,139 239, 636 235, 400
Sulphite, total
do.
147,235 144, 834 128, 613 136, 705 126, 167 122, 591 135, 873 120, 598 140, 900 143,227 146, 712 145, 247 140, 525
.do
Bleached
45, 376 45, 715 42, 160 48, 290
47, 622
50, 304
38, 861
Soda
do._.. 51, 839 42, 737 37, 092 44, 001
49, 365
48, 184
134, 400 133, 788 123, 221 146, 325 160, 653 151,878 160,811 146,159 158, 325 169, 176 171, 275 147, 600 134, 950
Groundwood
do
Stocks, end of month:§
Total, all grades
do
112, 800 148,100 145,200 155, 900 170,200 176,700 197,100 192, 900 188,100 181, 700 176, 600 169,200 136, 400
Chemical:
35,100 48, 400 51,100 49, 000
37, 800
32, 300
28, 600
Sulphate, total
do
15, 600 23, 900 31, 300 34, 400
25, 500
18, 900
31, 200 42, 400 46, 300 44,100
22, 600
32, 300
Unbleached
d o . . . . 10, 800 19, 300 26, 900 30, 300
19, 900
27, 600
14,400
77, 700 80,100
69, 200 64, 000
56, 600
60, 400
84,800
Sulphite, total
do
71, 000 69, 400 83, 300
38,000
54, 800
43,100
42, 900 47, 200 43, 300 38, 200
34, 800
48, 600
32, 900
45. 600 44, 600 52. 500
Bleached
do
22,100
34,400
26,300
8,900
7,100
7,800
7,300
6, 700
7,000
7,200
8, 200
5, 800
5,600
Soda
.
do
5,700
' 6, 800
5, 300
55, 000 60, 800 G5, 600 68, 000
Groundwood
do
84, 100
76, 800
44, 900
47, 600 38, 700 31, 000
53,500
82,100
69, 100
3.46
3.46
3.46
3.46
3.46
3.46
3.40
3.46
3.46
Price, sulphite, unbleached
dol. per 100 lb_.
3.46
3.53
3.46
346
r
Revised.
p Preliminary.
•Domestic pulp used in producing mills and shipments to market.
tShown in 1940 Supplement and monthly issues through February 1941 as A. C. motors. ^Data revised for 1939; see table 15, p. 18 of the April 1941 issue.
*New series. For data beginning 1931 on unit sales of electric ranges, see table 52, p. 18 of the November 1940 issue; the note with regard to the coverage of the industry
has been revised to read: The Association believes the coverage for 1936-40 was between 90 and 95 percent; no data are available for coverage prior to 1936. Earlier monthly
data for the indexes of domestic appliances and on rigid steel conduit and fittings will be shown in a subsequent issue. Data beginning 1913 for wood pulp are shown on p.
13 of the October 1940 issue.
§Revised 1939 and January 1940 data on production, consumption, and stocks will be shown in a subsequent issue. Revised data beginning February 1940 are shown on
p. 51 of the April 1941 issue, except for groundwood and the totals, all grades, which have been subsequently revised back to January 1940.
fRevised series. This series replaces the adjusted index; earlier data will appear in a subsequent issue.
S-34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1940
1941
August
October 1941
August
September
1941
j Novem- Decem- | JanuOctober ! ber
ber
February
March
April
May
June
July
PAPER AND PRINTING—Continued
PAPER
Total paper, incl. newsprint and paperboard:!
Production
short tons .
Paper, excl. newsprint and paperboard:!
Orders, new
short tons^_
Production
do
Shipments
do
Book paper rd1
Coated paper:
Orders, new
short tons_.
Orders, unfilled, end of month
do
Production
do
Percent of standard capacity
Shipments
short tons..
Stocks, end of month
do
Uncoated paper:
Orders, new
do
Orders, unfilled, end of month
do
Price, wholesale, " B " grade, English finish,
white, f. o. b. mill
dol. per 100 lb_.
Production
short tons.
Percent of standard capacity
Shipments
short tons. Stocks, end of month
do
Fine paper: f
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Wrapping paper:!
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada:
Exports
do
Production
do...
Shipments from mills
do
Stocks, at mills, end of months
do
United States:
Consumption by publishers
do
Imports
do
Price, rolls (N. Y.)
dol. per short tonProduction
short tons_.
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers
do
In transit to publishers
do
Paperboard:
Consumption, waste paper
do
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Percent of capacity
Waste paper stocks, at mills
short tons..
PAPER PRODUCTS
Coated abrasive paper and cloth:
Shipments
reams..
PRINTING
Book publication, total
no. oJ editions..
New books
do
New editions
do
Continuous form stationery, new orders
thous. of sets.
Sales books, new orders
thous. of books.
979, 631
867, 691 1,003,971
949, 422
908, 471 1,002,800
390, 325
440,264
428, 306
379, 447 435, 059
387, 255 442,610
386,431 432,521
424, 064
420,810
416,419
417, 776 488, 585 465, 537
420, 005 466, 697 428, 857
415, 025 471,114 438, 804
934, 996 1,052,665
565, 856
479, 531
494, 007
1,079,772 1,150,067 1,093,065 1,091,481
589, 695 • 600,681 r 558, 363 571,381
492,842 •532,868 T 504, 690 504, 662
506, 087 • 545,621 -"521,340 520, 915
28,113
27, 503
25, 248
91.2
25, 273
12, 037
14, 896
4, 852
17, 333
59.7
17, 038
15, 331
13, 520
4,845
13, 672
57.5
13, 570
15, 024
18, 334
5,108
18,103
62. 5
19, 431
14,158
15, 990
5,264
10, 045
58.0
16, 424
13, 633
16, 968
6,174
17, 726
65.9
15,967
15, 326
20, 546
6,772
19, 636
67.6
19, 943
14, 971
20,107
8,532
18, 949
73.4
19, 280
14, 622
21, 86i
9,076
22,167
80.8
22, 059
14, 397
28, 276
14, 091
22, 230
81.0
22, 648
13, 923
33, 039
20, 613
23, 971
84.1
24, 579
13, 281
26, 132
23, 354
22,913
86.8
23,388
12, 745
24, 967
24,741
23,808
86.7
23,905
12, 587
139, 643
143, 209
94,183
46, 206
89, 059
43, 337
101, 660
41,334
97, 667
45, 775
98, 679
48, 845
117,435
55,711
113,640
61, 920
133,970
70, 048
150,707
93, 257
165,927
119, 533
139,598
124, 865
143, 528
136, 394
7.30
138, 599
107.2
130,180
47,932
6.30
106, 091
78.8
103, 839
63, 505
6.30
89, 512
77.8
91,937
59, 686
6.30
106, 482
80.9
103, 493
63,152
6.30
99, 298
77.3
95, 074
68, 555
6.30
96, 229
78.8
96, 378
66, 574
6.30
107,721
81.0
109,982
64,141
6.30
104,071
86.8
107, 359
61, 373
6.30
120, 879
93.8
125, 404
56, 721
6.30
121,913
95.4
127, 587
50, 754
6.55
134, 371
100.6
136, 296
49, 687
6.80
128, 939
105.1
130,589
47,614
6.95
126, 564
101.6
129, 224
43,755
34, 687
18,817
43,418
41,412
62, 294
35,130
17, 893
37, 399
36, 373
63,160
41, 643
16, 534
44, 751
43, 448
64, 093
42, 808
18, 696
42,997
42, 375
64, 936
40, 309
17,751
42, 017
41,078
67,178
49, 492
21, 342
45,169
46, 750
66, 826
699
696
604
032
041
56, 550
35, 612
47, 598
47, 819
65,187
67, 507
49, 742
49,112
52, 791
62, 818
144,649
81, 622
166,125
164, 852
81, 774
133, 381
73, 354
140, 464
141,373
80, 398
165,
76,
162,
159,
81,
209
590
492
429
508
158.
77.
157,
156,
81,
156
967
204
992
870
156, 576
84, 749
154,819
149, 794
86, 875
177, 007
89, 722
172,622
172,176
89, 015
167,135
96, 294
157, 757
158, 726
84, 075
214, 238
135, 387
174, 357
177,163
87, 556
219, 505
170, 815
179.601
184,015
86, 685
210,195
179, 794
195, 764
201,330
79, 864
194,352
193,056
181,924
181,928
79,083
275, 223
293,054
296,985
155, 214
301, 654
316, 607
332, 234
160,123
301, 293
282, 322
284,133
158, 312
275, 822
309, 957
287,943
180, 326
276,
282,
286,
175,
586
344
739
931
263,450
252,897
276,457
152, 371
211,022
261, 298
243,394
170, 275
219,464
245, 607
239, 745
176,137
232,197
275, 769
265, 724
186,182
276, 452
279, 996
285, 789
180, 389
268, 706
284,767
291,112
174, 044
263, 660 303,126
273,697 293, 483
281, 843 300.236
165, 898 159,145
224, 361
50.00
83,592
80,756
213,105
258,055
50.00
86, 633
81, 714
238,176
239, 679
50.00
77, 888
77, 470
261,028
229, 561
50.00
88,192
88. 774
251,457
257,020
50.00
85, 338
87, 331
256,036
217.323
50.00
80, 837
84, 037
229, 799
192, 240
50.00
89,124
84,141
219, 362
187,170
50.00
79, 720
81, 241
258, 518
221,542
50.00
87, 376
85, 503
256, 431
237, 639
50.00
87, 000
91, 487
260, 827
276, 257
50.00
90, 913
91, 689
242, 404
252, 872
50.00
83, 962
85, 424
215,012
247.103
50.00
83.199
84,641
345,158
38, 706
18,812
361.179
46, 245
19, 230
364,207
45, 919
18, 648
339,211
42, 039
16,655
327, 913
39,188
13,455
308, 880
47, 592
18, 438
301, 562
34, 719
16,917
284, 799
42,163
18, 790
252, 856
44, 312
14, 303
255, 588
46, 679
213, 527
12,065
52, 381 277,681
51,197
49,687
10,623
320,602
40, 451
411,073
565, 853
452, 966
545,116
95.9
237,339
317,909
414, 966
131. 890
452, 604
73.9
245, 378
283, 660
399, 133
131.242
402, 548
71.2
245, 6S5
333, 739
486, 181
140 027
473, 169
77.8
249, 860
322, 991
426, 614
128,222
443, 274
75. 7
260, 320
275, 353
393, 026
115,143
407, 629
70.7
269, 755
322, 408
520. 931
160, 561
446,979
76.1
264, 393
310. 969
470, 671
202, 284
426,419
81.5
260.890
371, 253
543,988
252, 611
485, 758
85.4
253, 009
357, 091
580, 038
330, 779
499,930
87.9
262, 398
377, 595
572, 522
370,151
526, 286
89.4
269, 737
173,022
98,135
101,125
111,106
101,925
90, 670
106, 890
116.944
137,177
129,119
985
774
211
921
745
176
651
71
988
822
166
1,027
916
111
1,122
889
233
568
508
60
891
722
169
1,310
1,100
210
918
800
118
137,202 I 162,347
18,740
16,940
170,828
18, 559
157,474
17, 405
183. 392
17,481
171,273
19,947
192, 228
18, 328
207, 715
19, 621
188, 909
21, 331
65,989
62, 692
"86," 833"
.199
126, 575
73,973
.204
90, 607
69, 024
130,060
87,123
.221
139,164
219,326
26,544
48,
22,
42,
44,
65,
68,730 r 66, 947 71, 276
66, 475 ' 79, 560 103, 734
52,819 r 49.186 49, 641
55, 580 r 51, 201
53, 607
59, 356 r 57,838
50, 740
195, 280
199,691
184,619
186,706
77,634
374,185 384, 765
525, 325 569,252
383,534 435, 891
504,413 503, 620
85.6
92.3
264, 631 272,317
130,852
146, 734
894
708
186
695
593
102
203, 327 262, 591
24, 470 26,137
195. 361
26,219
84, 912
147, 045
64,577
.219
127,172
97, 081
222
1, 051
887
164
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER
Crude rubber:
Consumption, total
long tons.
For tires and tubes (quarterly)
do...
Imports, total, including latexj
do.. __
Price, smoked sheets (N. Y.)
dol. per l b .
Shipments, world§
long tons_
Stocks, world, end of month
do.__
A float. total
do...
For United States
do....
London and Liverpool
do___
British Malaya
do...
United States
do...
Reclaimed rubber:
Consum ption
do...
Production
do.. Stocks, end of month
do___
Scrap rubber consumption
do...
r
55,365
53, 307
105,456
.227
444, 890
73, 028
.196
120,857
566, 000
255, 000
141, 286
36, 000
80, 375
194, 760
20,864
24, 065
39,052
14, 464
17,161
28, 526
90, 591
0)
52,
103,
78,
133',
609,
265,
137,
50.
73',
220,
14,835
16,379
29. 039
35, 735
59, 644
57, 716
74, 696
.203
127. 079
72, 901
.216
'99,817
59, 709
118,314
97,984
.208
127,189
0)
0)
250, 000
158.095
250, 000
145. 950
265, 000
153,169
75. 560
288; 864
84, 343
309,411
17, 397
19,239
32. 636
41, 176
19, 086
20,413
33, 380
0)
265, 000
166, 837
0)
0)
77, 471
250, 412
16,312
17, 636
31,459
75. 877
235, 353
16, 807
19,300
30, 816
.1-
0)
0)
0)
68, 653
(0
0)
0)
245, 000
136, 955
260, 000
140, 228
275, 000
175, 499
132, 304
0)
0)
102, 425
320, 373
18,222
19,506
33, 654
85, 437
338,147
19, 611
22, 006
35, 028
46,181
90.021
339,108
22, 559
23,790
36,265
395, 216
0)
20,427
21, 574
35, 336
21,725
23. I l l
36, 751
Revised.
1 Reports indefinitely suspended.
tRevised series. For revised data for "total paper," "paper, excluding newsprint and paperboard," fine, and wrapping papers beginning 1934, see table 43, p p . 12 and 13,
of the November 1940 Survey.
{For monthly data for 1913 to 1938, corresponding to the monthly averages on p . 148 of the 1940 Supplement, see table 28, p . 18 of the M a y 1940 Survey; for revised data
for 1939, see table 15, p . 18 of the April 1941 Survey.
efln recent months the number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.
_§Beginning with the January 1941 Survey, data for world shipments of crude rubber are from the Statistical Bulletin of the International Rubber Regulations Committee;
earlier data from this source have been in close agreement with data compiled by the Bureau of Foreign and Domestic Commerce, shown in previous issues of the Survey.
October 1941
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-35
SURVEY OF CURRENT BUSINESS
August
1941
1940
1941
August
September
DecemOctober November
ber
January
February
March
April
May
June
' 6, 379
r
7, 602
2, 757
4,771
136
r
7, 088
5, 603
6 456
2, 000
4,313
143
6, 235
T
5, 288
5, 920
89
0, 357
July
RUBBER AND PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Induction
thousands
Shipments total
do
Original equipment
do
Replacement equipment
do
Exports .
.
do, .
Stocks, end of month
do
Inner tubes:
Production
do
Shipments, total
do _.
Exports
do
Stocks, end of month
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
thous. of lb
R U B B E R AND CANVAS FOOTWEAR
Production, total
thous. of pairs
Shipments, totaL.
do . .
Stocks, total, end of month
do
5,005
5 400
1,123
5, 834
4,444
4,783
6,071
4,676
4,123
705
3,303
115
9,911
4,413
4,462
1,465
2,892
106
9,837
5,077
5, 525
2,320
3,048
158
9,410
4,732
4,969
2,435
2,404
130
9,163
4, 968
4, 991
2, 624
2, 249
118
9,127
5,486
4,850
2,291
2,430
128
9,797
5,161
4,896
2,546
2,197
153
10, 029
5,686
5,517
2,638
2,722
158
10,149
4, 306
3,600
96
7,794
4,099
3, 952
84
7,970
4,548
4, 876
124
7,648
4,104
4, 690
106
7, 056
4,656
4,644
87
7,017
5,113
4,474
96
7,633
4,887
4,610
102
7,924
5,349
5,181
137
8,069
66,849
5,543
6, 990
10, 809
4,583
5,808
16, 386
4,046
6,200
14, 232
75, 475
5,105
5,971
13,365
5,146
6,633
11,878
5,369
6,118
11,129
' 5, 839
5,999
2,334
3,537
178
9,958
r
r
r
' 5, 481
r 5, 358
127
8,143
' 5,839
'6,310
109
7,686
6, 091
7,676
2,700
4,873
160
8,373
88, 014
'83,649
5,939
6,614
10, 377
5,543
5,166
10, 754
6, 264
*• 6, 908
104
r
7, 010
5,827
5,359
11, 222
6,628
5,555
12, 272
6,084
5,134
13. 223
6, 278
5, 668
13,834
4,789
6, 306
12, 256
10, 596
49.8
9,915
25,988
6,276
12,196
59.3
14,132
24, 056
6,207
14, 732
69.4
16, 048
22, 745
6,005
15, 223
74.0
16,109
21, 865
5,757
16, 000
74.9
16, 687
21, 178
«• 5, 522
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
thous. of bbl_
Percent of capacity
Shipments
thous. of bbl.
Stocks, finished, end of month
do___
Stocks, clinker, end of month
do__CLAY PRODUCTS
Common brick, price, wholesale, composite,
f. o. b. plant
dol. per thous__
Floor and wall tile, shipments:
Quantity
thous. of sq. ft._
Value
thous. of dol_.
Vitrified paving brick:
Shipments
thous. of bricks_
Stocks, end of month
do
GLASS PRODUCTS
Glass containers:
Production
thous. of gross__
Percent of capacity
Shipments, total
thous. of gross.Narrow neck, food*
do
Wide mouth, food*
do
Pressed food ware*
do
Pressure and non-pressure*
do
Beer bottles*
do
Liquor ware*
do
Medicine and toilet*
do
General purpose*
do
Milk bottles*
do
Fruit jars and jelly glasses*
do
Stocks, end of month
do
Other glassware, machine-made:*
Tumblers:
Production
thous. of doz__
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of doz__
Plate glass, polished, production
thous. of sq. ft-.
Window glass, production
thous. of boxes._
Percent of capacity
GYPSUM AND PRODUCTS
Crude:
Imports
short t o n s . .
Production
do
Calcined, production
do__-__.
G y p s u m products sold or used:
Uncalcined
do
Calcined:
Building plasters
do
For mfg. and industrial uses
do
Keene's cement
do
Board and tile, total
thous. of sq. ft._
Lath
do
Tile
do
Wallboard
do
9,021
42.4
7,984
24, 416
5,092
8,345
43.4
7,456
25, 307
5,520
12. 328
12. 323
12. 404
4,724
1,249
4, 565
1,195
4,368
1,117
5, 597
1,387
5,219
1,363
6,172
1,629
5, 769
32, 031
2,516
30, 288
1, 801
30, 580
1,015
30, 442
1,088
30, 402
4,864
70.3
4,816
423
949
40
106
105
1,031
1,608
322
201
14
9,247
4,351
67.9
4,077
170
807
31
126
102
1,138
1,230
257
197
4
9,432
4,198
65.5
3,526
138
682
33
189
154
803
1,040
267
198
3
9,988
4,517
65.0
4,177
189
961
41
224
140
589
1,468
337
206
9
10,109
4,368
70.8
4,273
205
909
37
275
167
676
1, 433
351
199
8
10, 097
5,128
76.7
5,117
240
1,038
42
412
368
843
1, 493
434
213
13
9,979
5,325
79.7
5,573
289
1,113
35
633
418
865
1,522
405
229
41
9,612
6,246
93. 5
6,402
326
1,212
49
779
548
991
1,609
453
272
136
9,244
6,166
96.0
6,865
358
1,447
47
763
605
1,028
1, 695
477
262
165
8,397
6,291
94.1
6, 363
489
1, 306
44
691
495
834
1,603
398
278
200
8,176
3,887
3, 642
7,991
3, 056
2,804
8,160
3,199
2, 876
8,455
3,200
2,641
8,775
3, 694
4,004
8,419
4,200
4,424
8,115
3,838
4,387
7,499
5,548
5,055
7,896
4, 857
4,863
7,820
4,541
4,382
7,899
13,105
61.8
14, 741
19, 921
4,829
13,935
63.7
15, 776
18, 008
4,470
12, 725
60.1
10, 372
20, 353
4,558
6,546
1,643
5,671
1,444
5, 860
1,470
5,181
1,344
8,383
37, 425
7, 094
34, 738
7,365
34, 510
6,791
101. 6
6,801
830
1,300
39
480
430
922
1,826
410
301
239
8,052
5,062
73.1
4, 645
657
1,009
34
305
186
455
1, 363
302
208
107
9,655
4,288
69.7
4,562
820
875
32
144
91
728
1,284
312
207
50
9,292
4,879
4, 826
7,872
3,841
3,813
7, 597
3,450
3,331
7, 737
16, 345
76.5
17, 825
19, 698
5,289
12, 712
57.8
14,018
21,549
5,158
12. 723
12.094
11,195
51.2
8,192
23, 379
4,886
12.195
r 2,640
'3,612
• 30, 233 • 28, 622
6, 340
1, 694
7,216
1,945
3,384
29, 706
3, 857
3,325
2,647
3,763
3,006
2,456
2,316
2,905
3,400
3,922
3,372
3,069
2,903
14,126
12,533
993
61.1
14,091
1,002
61.7
17, 070
1,349
83.1
16, 059
1, 264
78.0
17,491
1,458
19,350
1,561
96.2
15, 664
1,397
86.1
18,266
1,417
87.3
18,344
1,400
86.3
18,394
1, 282
18, 534
1, 304
80.3
12, 463
1,281
78.9
531,032
1,128,862
969, 578
1,033,403
175,467
811,500
764, 500
326, 248
1,197,689
1,026,987
200, 630
370, 482
373, 503
36, 02/
6,450
539, 000
322, 700
7,100
209, 200
523, 218
38, 222
7, 672
709, 282
472, 696
11,267
225, 319
888,078
250,080
244,975
556, 560
29, 850
7,393
591,878
453,124
8, 475
130, 279
430,090
33,358
6,447
621,
388, 230
6, 816
226, 722
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs._
Shipments
do
Stocks, end of month
do
11, 495
13, 783
23, 904
11,174
12, 396
25, 621
11, 257
12, 762
24, 258
13 586
14 109
23, 879
12, 579
12,975
23, 626
11 279
11, 536
23, 511
12, 747
11, 822
24, 527
11, 558
11, 573
24, 603
12 105
12, 495
24, 304
12,871
12, 737
24, 530
12, 621
11,750
25, 493
12, 531
11,933
26,183
12, 897
12,888
26,192
••Revised.
•New series. Data for glass containers for the period January 1934-December 1939 are shown in table 49, p p . 16 and 17, of the November 1940 issue; minor revisions for
1940 for wide-mouth food containers and liquor ware not shown on p . S-35 of the September 1941 issue are available on request; earlier data on glassware other than containers
are shown in table 2, p. 17, of the January 1941 Survey.
SURVEY OF CURRENT BUSINESS
S-36
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
October 1941
1940
1941
August
August
September
1941
DecemOctober November
ber
January
February-
March
April
May
June
July
TEXTILE PRODUCTS—Continued
COTTON
Consumption
bales. _
By classes of manufactured products:*
Sales yarn
...do
Duck
do
Tire fabrics and cords
do
Narrow sheetings and allied fabrics.-do
Wide fabrics
do
Print cloth yarn fabrics
do
Fine goods
do
Napped fabrics
do
Colored yarn fabrics
do
Towels
do
Other woven fabrics and specialties.-do
All other cotton products
do
Exports (excluding linters)§
do
Imports (excluding linters)§..
do
Prices received by farmers
dol. per lb._
Prices, wholesale, middling (New York)__do
Production:
Ginnings (running bales) • _._thous. of bales^.
Crop estimate, equivalent 500-lb. bales
thous. of bales,_
Stocks, domestic cotton in the United States,
total cf
thous. of bales. .
On farms and in transited
do
Warehouses
. _ . -do __
Mills
do__._
874,113
654, 503 639, 252 770, 702 744, 088 775, 472 843, 274 793, 626 854,179
181, 735
55, 448
63,
124, 757
71,801
82, 514
48, 736
40, 964
61,677
18, 523
32, 216
92, 525
34,967
43, 322
.153
.168
64,743
10,153
.092
.098
90, 555 194,251 144,710
15, 926 12, 026
3,991
.094
.094
.092
.096
. 100
.097
3,924
504
2 10, 710
21, 628 '22,047
10,774 '12,282
9, 233
9,085
1,621
680
9,086
920,142
918, 902 875,137
928, 943
856, 004 178,046 162, 785 174, 051 190, 786 191, 607 180,217 194, 236
232, 156 47,114
48, 098 48, 755 50, 099 54, 743 50, 421 51,793
313,615
65, 649 62, 736 72, 838 70, 540 73, 400 66,194
66, 745
568, 629 119,553 107, 894 115,555 129, 008 125, 845 120, 290 130, 251
355, 881 70, 244 65, 602 70, 726 71,215
75,151
71, 382 72,310
449,117
91, 449 81, 743 85, 765 89, 432 85, 970 80, 507 88, 358
236, 617 49, 769 45, 022 46, 840 54, 320 49,372 48, 086 52, 473
189,250
38, 065 34, 085 36, 495 42, 461 39, 932 38, 733 41, 237
294, 922 61,465
55,156
60,430
57,124
59, 899 62, 174
64,421
1 92, 364 17, 378 17, 692 19,412
19, 972 19, 881 19,311
18, 983
169.981
36, 308 32, 580 31, 569 33,376
35, 385 32, 358 34,341
448, 921 69,157
80, 455 92, 277 105, 571 109, 769 107, 600 114,166
107, 375 52,184
60, 597 97, 292 74,009
71, 539 75, 236 32,718
5, 906
9, 624 14, 210 28,184
18, 846 30, 853 26, 108 17, 243
.093
.094
.097
.095
.105
.117
.128
.143
.102
.107
.108
.104
.113
.129
.144
.164
11,430
10, 866
11,931
12, 298
3 12,565
' 21, 325 '20,401 r19, 503 '18,627
'9,890
'1,840
' 5, 278 '3,183
10,703
13, 826 14, 697 15,014
732
1,297
1,623
1,773
'17,738 '16.899
'1,288
'1,043
14, 636 14, 009
1,814
1,847
'15,978
'925
13.209
1,844
'15,003
37, 947
8,828
19.81
.072
.084
'14,020
'843
11,321
1,856
'13,099
'735
10,521
1,843
12,063
625
9,640
1,798
44, 972
6,680
20.85
.080
39, 039
2,929
41.194
4,275
21.84
.088
.093
19.06
.078
'.095
129, 250 132,912 154,479 164, 079 155, 770 164,610 159,429 175,144 178, 538 182, 003 158.569
102, 085 108, 029 126, 610 129, 878 119,889 122, 954 120,108 141,056 146, 235 145,612 125. 282
8.238
6, 535
5,668
6, 786
6,304
5, 924
5, 528
6,989
6,543
6,270
5. 890
100, 752 104,345 110,657 105, 468 108, 886 107, 857 107, 358 126, 671 122, 245 119,222 96, 871
168.211
134,584
6, 360
98, 704
12, 339
1,862
COTTON MANUFACTURES
Cotton cloth:
Exports§
thous. of sq. y d . .
Imports!
do
Prices, wholesale:
Mill margins
cents per lb_.
Print cloth, 64 x 60
dol. per yd_.
Sheeting, unbleached, 4 x 4
do
Finished cotton cloth, production:
Bleached, plain
thous. of y d . .
Dyed, colors
do
Dyed, black
do
Printed
do
Spindle activity:
Active spindles
thousands _
Active spindle hrs., total
mil. of hrs _
Average per spindle in place
hours_ _
Operations
percent of capacity_ _
Cotton yarn, wholesale prices:
22/1, cones (factory)
dol. per lb_.
40/s, southern, single, carded, Boston...do
RAYON AND SILK
Rayon:
Deliveries (consumption), yarn*.__mil. of lb_.
Imports§
thous. of lb .
Price, wholesale, viscose, 150 denier, first
quality, minimum filament*---dol. p e r l b . .
Stocks, yarn, end of monthf
mil. of lb _
Silk:
Deliveries (consumption)
bales. Imports, raw§
thous. of lb._
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
dol. per lb-_
Stocks, end of month:
Total visible stocks
bales..
United States (warehouses)
do
WOOL
24, 409
5,216
20. 53
.080
. 095
171,667
132,177
6,113
97,283
11.23
.048
.058
24, 413
6,919
12.26
. 050
.059
26,709
5, 136
29, 954
11,420
27, 734
7,581
34, 944
7,060
33, 937
9,791
38, 513
7,796
13. 31
.052
. 062
14.24
.054
.065
14.50
.054
.066
14.94
.055
.067
16. 00
.057
.073
18.17
.066
.078
23, 029
10, 253
421
125. 3
22, 078
7,872
318
90.4
22, 278
7, 867
320
96.7
22, 457
9, 276
378
103.3
22. 686
8, 614
352
105. 9
22.818
8, 657
353
105. 0
22, 821
9,901
404
112.1
22, 769
8,920
365
114.0
22, 796
9,573
392
116.7
22, 787
10, 289
421
119.6
22, 980
10, 287
422
121.8
.413
.475
.227
.325
.227
.325
,267
.377
.268
.403
.272
.404
. 274
.390
.288
.355
.338
.419
.366
.430
34.0
441
30.9
224
36.7
386
34.8
1,576
34.0
2,466
35.0
1,660
31.6
1,774
35.4
2,261
38.7
1,611
40.2
1,304
.530
4. 1
.530
.530
8.3
.530
6.9
.530
6.7
.530
6.3
.530
.530
10.0
.530
10.2
.530
7.4
.530
5.8
2, 069
30, 189
4,761
28, 828
3,739
39, 877
6, 490
36, 374
7,219
23,113
4,429
28,425
3,263
28, 111
2,430
25,828
3,453
23,538
3,551
22, 440
3,509
2.562
2.560
2.589
2.698
3. 080
53,988
Imports (unmanufactured)§
thous. of lb_.
Consumption (scoured basis) :f
39, 824
Apparel class
do
11,144
Carpet class
do
Machinery activity (weekly average) :f
Looms:
Woolen and worsted:
2,602
Broad
thous. of active h o u r s . .
91
Narrow
do
251
Carpet and rug
do
Spinning spindles:
118,533
W oolen
do
125,902
W orsted
do
209
Wo r sted combs
do
s
Price , wholesale:
1.05
Raw, territory, fine, scoured
dol. per lb._
.46
Raw, Ohio and Penn.,
fleeces
do
Suiting, unfinished worsted, 13 oz. (at
2.129
mill)
dol. per y d . _
Women's dress goods, French serge, 54" (at
1. 330
mill)
dol. per y d . .
Worsted yarn, ^ 2 ' s , crossbred stock (Boston)
1. 700
dol. per l b . .
151, 698 172, 254
46, 898 44,454
184,797 195, 330 225, 248 224, 363 214,836
48, 297 60, 330 72, 248 63, 433 54,106
23, 028
10, 537
433
123.0
.365
.433
.373
.433
38.3
1.457
39.4
576
.530
4.6
.530
3.6
24. 251
3,895
28, 528
2,347
211,174 210, 743 214,711 204, 606
49, 904 49, 373 50, 341 53,436
47, 208
2.834
()
16, 099
21,831
33, 981
34,631
56, 313
72, 677
73,045
72, 458
91, 788
74, 954
84, 759
72, 008
24,799
7,571
28,609
7,941
39, 240
11,387
33,821
8,969
34,012
9,352
40,115
10,965
36, 232
10,712
39, 416
11,008
46, 970
13,095
41,032
10,588
41, 904
11,172
' 46, 750
11,320
1,696
63
166
1,744
60
177
1,892
2,092
72
198
2, 245
67
200
2,197
71
201
2,411
80
233
2,428
85
246
2,450
96
244
2,491
93
241
2, 587
94
260
2.418
82
213
92, 553 90,418
98, 398
105, 826 104, 279 115,206
192
186
210
99, 589
115,309
216
102,929
117,465
215
106, 880 110.608
119,610 125. 606
231
218
107, 592
117,393
209
1.09
.44
1.08
.46
1.08
.45
1.08
.45
2.005
2.030
2.030
2.030
1.213
1.225
1.262
1.275
1.213
1.450 1.463
1.519
1.550
1.594
80,479
85, 408
146
.89
.39
1.931
205
83, 721 88,051
87, 902 104,138
158
181
.92
1.05
.40
.44
1.918
I
1.931 [
90,323
102, 813
179
1. 10 i
.46 j
1.10
.46
1.931
1.931 I
1.114
1.114
1.153 I
1.256
1.288
1. 395 I
1.10
.44
1. 931
1.213 I
1.213 I
1.450 i
1.488 !
r Revised.
§Data for 1939 revised; for exports, see table 14, p.17, and for imports, table 15, p. 18 of the April 1941 issue.
Jy 1941 are for 5 weeks; other months, 4 weeks.
\Data for October 1940, January, April, and Julj
22. 992
9, 932
408
121.5
3
1.08 I
.46 "
2. 030
1.312
1.07
.47
2.089
1.312
1.675
1. 638
4
D e c . 1 estimate of 1940 crop.
X o t available.
• T o t a l ginnings t o e n d of m o n t h i n d i c a t e d .
>f t h e Octobet
October 1941
S-37
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1941
1940
August
September
DecemOctober November
ber
January
February
March
April
May
June
July
51, 809
4,129
47, 680
49, 410
7,151
42, 259
76, 210
13, 655
62, 555
80, 360
29,177
51,184
82,827
32, 837
49, 990
81,232
42, 780
38,452
TEXTILE PRODUCTS—Continued
WOOL—CO Qtinued
thous. of lb
Receipts at Boston, total..
.
do
Domestic . . .
do
Foreign
Stocks, scoured basis, end of quarter, total
thnns. of lb
„
_. do .
Woolen wools, total
do
Domestic
.. do . Foreign
doWorsted wools, total _.
Domestic
do
do
Foreign
61,336
26, 570
34,705
30, 278
22, 540
7,738
29, 961
22. 912
7.049
47,060
30, 393
16, 667
36,123
16, 328
19, 795
49, 597
6,298
43, 299
50, 365
4,633
45, 732
142,152
48, 388
27, 651
20, 737
93, 764
29, 009
64, 755
127, 546
41, 338
29, 450
11,888
86, 208
57, 219
28, 989
1
164, 331
50, 886
26, 333
24, 553
113,445
17, 933
95, 512
207, 754
61, 729
31 474
30,255
145, 863
53, 823
92, 040
MISCELLANEOUS PRODUCTS
Fur, sales by dealers
thous. of dol
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo..thous. linear yd__
Pyroxylin spread
thnns. nf lb
Shipments, billed
thous. linear y d _ .
4,312
4,273
3,734
1,894
2,229
'2,901
' 5, 779
' 6, 064
' 4, 656
' 6,121
' 5,878
'5,086
'4,408
10,038
6,886
7,430
2,499
5, 366
5,353
2,860
5,128
5,106
3.012
5,851
5,842
3,901
5,776
5, 776
3,694
5, 403
5,718
3,896
5, 993
5,881
4,443
6, 262
6, 499
5,520
6,759
7,100
5,588
7,165
7,550
6,137
7,351
7,906
9,558
7,464
7,428
8,070
6,473
7,493
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, domestic civil aircraft
number..
Exports^
do
AUTOMOBILES
Exports:
Canada:
Assembled, total
number16,932
Passenger cars
do..3,263
United States:
Assembled, total §
do.-Passenger cars§
do...
Trucks§
do__Financing:
Retail purchasers, total
thous. of doL
New cars
do-_.
r
Used cars
..do..Unclassified
do.. _.
Wholesale (mfrs. to dealers)
do
Retail automobile receivables outstanding,
end of month*
mil. of dol.
Production:
Automobiles:
Canada, total
do...
17,192
Passenger cars
do
3.160
United States (factory sales), total
do
147,600
Passenger cars
do
78,529
Trucks
d o _. _ 69, 071
Automobile rims
thous. of rims.
1,532
Registrations^
New passenger cars
numberNew commercial cars
do___
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants
do_..
29, 268
United States sales:
To dealers
do__.
19, 690
To consumers
do
84,969
Accessories and parts, shipments:
Combined index
Jan. 1925=100.
Original equipment to vehicle manufacturers
Jan. 1925=100Accessories to wholesalers
do.__
Service parts to wholesalers
do
Service equipment to wholesalers
do
802
284
938
334
697
287
509
366
645
458
574
344
597
481
593
571
9,877
1,558
9,005
1,096
8,859
132
8,449
93
13, 276
611
8,796
8,574
1,036
11,177
797
9,405
312
14, 457
496
6,539
2,339
4,200
5, 753
2,591
3,162
16, 857
7,071
9,786
19,943
9,525
10,418
18, 017
7,782
10, 235
15, 912
7,246
8,666
17, 252
6,943
10, 309
21, 064
8,834
12, 230
18, 536
8,574
9,962
21, 969
9,012
12, 957
137, 961 109, 962 151, 899 152, 009
71, 574 55, 797 89, 475 88, 575
65, 774 53,711
61, 933 62, 928
613
507
454
492
42, 111 114, 874 221, 253 220, 941
160, 956
93. 350
67, 065
541
253, 778
1,098
1,115
360
147,186 158, 693 202, 793 236, 800 248, 314
80, 739 89, 541 118, 369 136, 464 141,024
65, 939 68, 574 83, 815 99, 582 106, 502
608
754
509
579
787
236, 871 248, 288 270, 487 243,103 251, 490
1,209
1,255
1,341
13,000
378
13,481
4, 056
9,425
22, 486
2,099
12, 975
6,958
6,017
238,040 210,628
129,877 110,625
107, 445 99, 362
645
718
231, 323 202, 022
1,137
1, 166
13, 993 15, 475 21,151
23, 621
1.510
7,056
3.410
10, 814
75, 873 269,108 493, 223 487, 352
46. 823 224, 470 421,214 407,091
72, 009 80, 261
29, 050 44,638
1,759
1,356
1,808
1,075
23, 364
11,653
483, 567
396, 531
87, 036
1,790
23, 710 26, 044 27, 584 26, 585 25, 753 24, 054
23,195
11.990
10, 647 12, 093 12, 091
9,840
8, 538
3,849
500, 863 485, 622 507, 832 462, 270 518, 770 520,525 444,241
411, 233 394, 513 410, 196 374, 979 417, 698 418,983 343, 748
89, 630 91,109
97, 636 87, 291 101, 072 101, 542 100,493
2,032
2,666
2,682
2,131
2,408
2, 309
2, 061
334, 073
51, 095
299,179
61,712
300, 466 420, 058 489, 074 515, 034 443, 470 391, 795
55, 900 67, 798 70, 269 72,170
62, 265 67, 412
226, 609 247, 683 255 887
1,117
211,031
148, 000 290, 495 301, 430
39, 224 48, 356 46, 618
24, 019 124, 692 226,169
1,181
1,433
1, 500
235, 679 240,748
1,543
217, 406
223, 611
235,422
21,154 116,031 207, 934 198, 064
100, 782 97, 527 186, 016 181, 421
204, 473
174, 610
218, 578 208, 214 226, 592 233, 735 217,120 224,119 204,695
168,168 187, 252 253, 282 272, 853 265, 750 235, 817 195, 475
224, 517
178
190
183
179
207
214
210
240
252
258
147
98
196
126
185
132
200
139
235
149
231
125
180
156
228
122
180
143
245
115
170
162
244
115
174
182
232
128
168
214
278
132
218
199
282
136
215
208
279
140
231
229
248
154
253
221
1,671
1,641
1,642
1,638
1,638
' 1, 644
1,642
1,641
1,644
1,647
1,656
1, 661
1, 667
78
4.7
89,917
65, 814
24,103
138
8.6
18, 456
12, 278
6,178
131
8.1
16, 892
9,010
7,882
117
7.3
27, 459
18,700
8,759
114
7.1
30,184
22, 738
7, 446
109
6.8
34, 202
25, 866
8,336
108
6.7
40, 030
26, 427
13,603
107
6.6
37,981
23, 787
14,194
101
6.3
41, 091
27, 756
13, 335
5.9
55, 404
42,162
13, 242
94
5.8
64, 027
49, 108
14, 919
85
5.2
91,416
69, 140
22,276
79
4.8
88, 266
66, 641
21, 625
4,208
10. 7
317
269
48
6,226
15.5
114
108
6,276
15.7
130
118
12
6,155
15.4
131
122
9
6,076
15.2
116
103
13
5,914
14.9
115
102
13
5,853
14.7
120
107
13
5,812
14.7
132
113
19
5,704
14.4
166
148
18
5,535
14.0
211
189
22
5,181
13.1
231
201
30
4, 802
12.3
205
234
31
4, 607
11.7
300
260
34
969
912
291
621
86
8
78
277
252
109
143
54
8
46
272
251
126
125
40
0
40
269
243
125
118
52
285
244
122
122
73
24
49
354
315
115
200
68
22
46
460
415
129
286
63
15
48
515
468
157
311
44
5
39
645
602
196
406
68
11
57
622
575
188
387
65
10
55
734
686
197
489
74
9
65
882
839
249
590
73
RAILWAY EQUIPMENT
Association of American Railroads:
Freight cars, end of m o n t h :
N u m b e r owned
thousandsUndergoing or awaiting classified repairs
thousands-.
Percent of total on line
Orders, unfilled
cars..
E q u i p m e n t manufacturers
do
R ailroad shops
do
Locomotives, steam, end of m o n t h :
Undergoing or awaiting classified repairs
number.
Percent of total o n l i n e
Orders, unfilled
number..
E q u i p m e n t manufacturers
do
Railroad shops
do
U. S. Bureau of the Census:
Locomotives, railroad:
Orders, unfilled, end of mo., total
do
Domestic, total
do
Steam
do
Other
do—.
Shipments, domestic, total
do
Steam
do
Other
do.--.
r
1
947
900
291
009
r
r
87
11
70
Revised.
Includes 162,000 pounds of certificated wool in licensed warehouses not in detailed figures.
§Oata revised for 1939. See table 14, p. 17, of the April 1941 Survey.
*Ncw series. Data beginning 1936 will be published in a subsequent issue.
JData for June and July 1941 exclude Federal Government deliveries and are therefore not comparable with earlier data. For purposes of comparison. Federal Government deliveries for January to May 1941, the only period for which separate data are available at present, are as follows: Passenger cars—Jan., 1,021; Feb., 705; Mar., 062;
Apr., 014; May, 550. Trucks—Jan., 10,882; Feb., 5,776; Mar., 5.385; Apr., 0,033; May, 7,993.
S-38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
October 1941
1940
A u g u s t
| tember
1941
NovemOctober
ber
December
January
February
March i April
j May
July
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
I
TJ. S. Bureau of the Census—Continued.
Locomotives, mining and industrial:
Shipments (quarterly), total*
numberElectric, totals
do...
For mining use__-_
do.__
Other*
do...
American Railway Car Institute:
Shipments:
Freight cars, total
do...
Domestic
do...
Passenger cars, total
do.__
Domestic
do...
Exports of locomotives, total
do...
Electric
do...
Steam
___do.__
132
55
52
138
67
67
71
940
150
58
57
92
97
94
145
2,356
2, 356
12
12
16
13
3
2,888
2,836
10
10
13
9
4
3,704
3, 586
4,624
4,301
5. 272
5,256
4,122
4,057
5,022
4,987
5,448
5,300
5,220
4,670
5, 136
5, 130
5, 537
5,467
10
10
19
14
5
8
8
11
10
I
54
54
4
3
1
0
0
12
8
4
2
2
17
12
5
21
21
11
6
18
18
24
17
7
47
47
42
19
23
12
12
25
10
15
37
37
28
21
134
124
10
141
134
165
157
180
174
6
202
165
37
206
173
33
242
216
26
266
214
52
263
255
8
217
180
37
266
238
28
4,134
3,981
5
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS*
Shipments, total
Domestic
Exports
number.
do...
do_. _
s
9
32
225
7
CANADIAN STATISTICS
Physical volume of business, adjusted:!
Combined index
1935- 39= 100..
Industrial production:
Combined index
do
Construct ion
do
Electric power
do
Manufacturing
do
Forestry
do
Mining
do
Distribution:
Combined index
do
Carloadings
do
Exports (volume)
do
Imports (volume)
do
Trade employment
do
Agricultural marketings, adjusted:!
Combined index
do
Grain
do
Livestock
do
Commodity prices:
Cost of livingf
do
Wholesale prices
1926=100.E m p l o y m e n t (first of month, unadjusted):
Combined index
do
Construction and maintenance
do
Manufacturing
do
Mining
do
Service
do
Trade
do
Transportation
do
Finance:
Bank debits
mil. of dol__
Commercial failures
number..
Life-insurance sales, new paid for ordinary!
thous. of d o L .
Security issues and prices:
New bond issues, totalf
do ___
Bond yieldsf
1935-39 = 100_ _
Common stock pricesf
do
Foreign trade:
Exports, total
thous. of d o L .
Wheat
thous. of bu...
Wheat
flour
thous. of bbl_.
Imports
thous. of doL_
Railways:
Carloadings
thous. of cars...
Financial results:
Operating revenues
thous. of dol._
Operating expenses
do
Operating income
do
Operating results.
Revenue freight carried 1 mile mil. of tons...
Passengers carried 1 mile
mil. of p a s s . .
Production:
Electric power, central stations
mil. of kw.-hr...
Pig iron
thous. of long tons I
Steel ingots and castings
do.. _
Wheat
flour
thous. of bbl
128.6
130.1
129.0
129.7
128.3 j 130.5
126.1
123.2
127.9
132.0
135. 3
138.5
143.9
169.3
119.4
143.9
134.4
142.3
148.6
223.0
114.0
148.6
132.2
124.4 !
146.4
143.4
108.8
146.4
124.7
117.1
146.9
278.2
109. 0
146.9
123.2
128.0
140.6
187.4
111.4
142.3
117.2
123.5
145.1
244.3
116.7
141.9
126.2
122.7
138.3
223.8
115.7
134.0
121.3
125.0
133.5
139.0
115.8
137.3
125.6
122.8
139.5
181.5
126.1
140.3
118.4
121.8
143.3
182.0
129.1
140.8
114.0
140.8
149.3
292.3
123.3
141. 1
117.0
125.6
150. 2
133. 2
130. 8
155.1
140.2
146.3
102.3
120.0
153.4
141.4
110.6
98.2
107.2
135.5
128.3
112.3
99.2
108.8
119.3
148.8
112.8
100.3
114.8
132.7
136.0
112. 5
107.1
125.1
119.9
171.6
116.8
105. 4
123.3
130. 5
171.0
115.3
105.1
118.8
148.2
152.7
115.8
105.6
122.9
147.4
153.6
117.9
108.1
127.2
169. 2
150.0
120.5
112.6
136.5
196.3
145.9
121.6
111.3
130. 0
182. 1
143.9
118.4
141.7
212.7
167. 3
132.8
141.2
113.0
77.3
65.6
105.2
74.6
59.5
110.5
118.2
123.0
106.8
146.4
162.9
107.0
146.9
168.7
94.9
59.7
44.3
97.8
50.8
33.5
93.4
113.6
117.8
105.4
227.7
284.3
94.3
145.9
163. 6
105.3 i
179.2
204. 1
122.0
105.9
82.6
106.4
83.0
107.0
83.3
107.8
83.9
108.0
84.2
108.3
84.6
108.2
85.2
108.2
85.9
108.6
86.6
109.4
88.5
110.5
90.0
111.9
91.1
127.9
114.3
134.4
168. 1
155.4
141.4
94.8
131.6
121. 1
138.4
170. 2
157. 1
142.9
94.6
136. 2
121. 1
143. 8
172 3
147.3
146.8
94.3
139.2
120.5
144.6
174.0
148.8
148.9
93.5
139.1
105.9
144.7
172.6
147.8
154.4
92.5
134.2
83.0
142.5
167. 6
149. 5
160. 8
135.2
82.5
147.4
169. 1
148.6
147.0
89.4
135.3
83.0
150.8
168. 7
150. 2
145. 7
90.5
141.3
100.2
158.2
174.1
158.3
149.1
94.3
145.5
120.0
162.3
174.8
165.6
154.5
99.2
153.0
140. 7
167.9
178.8
170.9
156.8
98.6
2, 458
86
2,571
66
3, 527
79
3,049
92
3,208
95
2,941
79
2,540
105
2,838
90
2,984
67
3, 266
84
4,241
72
31,210
32, 899
33, 727
28, 326
31,500
33, 700
35, 398
36, 172
33, 670
32, 681
82, 982
84, 668
100. 0
69. 3
404. 627
98.9
75.8
108,976
98.6
74.2
108, 576
98 0
74.5
330,167
97.0
70.3
84, 235
96. 3
71.3
115,271
96.1
66.5
42, 524
95.8
66.8
78, 830
95.9
65.8
115,119
95.9
63.9
840.100
96.4
64.0
111,375
95.8
67.5
150,496
14, 721
111,360
11,401
576
90, 836
102, 778
9, 500
551
86, 287
106.791
9, 659
750
108,645
118,404
17, 278
683
102, 284
98,711
11,762
346
102, 302
88,953
4,880
355
98, 382
100,532
9, 460
607
89, 632
102, 995
11,623
559
107, 982
118,425
20, 322
850
106, 268
162, 663
29, 623
1,341
128,096
146, 822
23.114
1, 751
114,924
170.901
19,346
1,922
127, 707
277
29, 597
137,913
259
231
229
218
250
252
276
271
37, 409
30,240
5. 166
37,319
29, 463
6,248
40, 504
28,573
10,257
38,869
26.964
10, 024
40,221
28,602
9,944
36, 113
29,224
5,095
34, 620
28,558
4,318
40,613
30,941
7,313
41,887
30.180
9, 123
46. 595
32.257
11,068
44,81
32, 122
9,976
2,987
248
3, 385
190
3. 547
172
3,371
158
3,772
3,131
201
3,127
217
4,001
218
3,818
225
4,387
230
4, 381
248
2, 500
89
172
1,291
2. 400
105
105
1, 636
2,487
109
185
1,873
110
176
1, 588
2,584
110
185
1.076
2, 635
103
186
1,177
2 407
91
173
1 462
2 632
102
195
1,477
2, 693
103
201
1,661
2, 805
114
206
2,121
2, 688
112
187
2,118
256
252
281
3,242
58
2. 661
102
197
2,117
r
Revised.
fData on life-insurance sales revised beginning September 1936; for revisions see p. 56 of the September 1940 Survey. For revisions of new bond issues for 1939 see p. 56
of the March 1941 Survey. All Canadian index numbers to which this note is attached have been revised to a 1935-39 base; earlier data for these series will be shown in a
subsequent issue. Common stock price and bond yield indexes have been converted to the new base by multiplying the old series by a constant. T h e production and distribution indexes have been completely revised and no comparable data prior to January 1940 are available at this time. Complete 1940 data for production and distribution
indexes are shown on p . 56 of the April 1941 Survey.
JBeginning with July 1940, data are reported by the Industrial Truck Statistical Association and cover reports of 8 companies. They are approximately comparable with
previous data which were compiled by the Bureau of the Census.
§lncludes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
*New series. Comparable data on total shipments are available only beginning January 1940. " O t h e r " includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives; these are largely industrial; for data beginning with the first quarter of 1939, see p. 55 of the May 1941 Survey.
U. S. GOVERNMENT PRINTING OFFICE: 1941
INDEX TO MONTHLY BUSiNESS STATISTICS, Pages S1-S38
CLASSIFICATION, BYfe SECT IONS
Monthly business statistics:
Page
Business indexes .
S-l
Commodity prices
__ ._
S-o
Construction and real estate __
S 4
Domestic trade
_ . . _ _ _ _ S~6
E m p l o y m e n t conditions and
wages _
_
S~7
Finance
3-12
S It*
Foreign trade
Transportation and communica- tions.
.
_ 3 Vi
Statistics on individual industries:
Chemicals and allied products.
S-J3
Electric power and gas
_
S 23
Foodstuffs and tobacco
_ . __ S-^4
Fuels and byproducts.
S-27
Leather and products
S-29
Lumber and manufactures,...
S 29
Metals and manufactures:
Iron and steel
,____.
S-30
Nonferrous metals and products
S-32
Machinery and apparatus., _ „ S-3 2
Paper and printing
__
S-33
Rubber and products..
S-34
Stone, clay, and glass products- S-35
Textile products
„__ ,
S~33
Transportation equipments. .
S 3"
Canadian statistics
. . .
S-38
•
i
\i
!
j
,
;
j
CLASSIFICATION, BY INDIVIDUAL
SERIES
Pa^es raarW i S
Abrasive rsper and cl'-th (coated)
.
^~
A' c< p t a n c j , bankers
__ ._
1*
^fe.ncultural products foreign traif- _ _ _
I1
Agricultural A'acec. !">ons
. . . . . .
52.1'
Air rr^il aad sir-lir.c opctations.. . . _ _
n. ~2
Aircn.ft %
..^1,-^S : , l l . K . o "
••
*
1T,O
:
< f
^
^.^i ^
\ ,/.h\:t'
v
-, • <
f-iiV,
*..'.
J
^
"
- ^ *
.."."I " . \
."""
t\'i\.rr,l\ »o:»e V i e s
cs "'t:»i x>rr « .
r~ if v ,i ' . .
. _
. __
s
< " '.
fi* v a 1 -,'„• .t
" " ! « . ' ^'1 - \ e '
»3'\
i ' ..f--:, lv y> . '.
f.KU.-.iU>u- ' i l _ .
,1
s <i>.. ' - '<
p , f *
f
'
i ; \
i
_* 13.1'
/
_
.
. . _
. : or.
:.
-i v. ^ .
-
.
.
1«.
-. •
, ~
P - g . s 1: arkcd S
Pages marked S
P e p a r t r a e n t st i € s b - -•*, s* "x KS collec * m-i*.
7
Newsprint,
34
New York, employment, pay rolls, wages. 9f 10,12
Deposits, p a n k .
. .
___ 13
Disp ites, industrid-. . .
.
9
New York canal traffic
20
D ' v i d c n d de^lai^tu .: { <. merits an ' r ^ t t s
1, 18
New York Stock Exchange
17,18
r i a r n i r ^ s , K . ' t ^ r » , r u c r ^ e weeuK an i
Oats
25
hourly. _
.
. _
1 1 . 1 2Ohio, employment
.
9
E^gs a n d chiJit*n°
.
,
l,l,<i6
Oils and fats
. .
22
Electrical e q a i p m t r r
.
~ (.,6 1 0 . i l . 3 3
23
Oleomargarine
E l e c T i c power proi' j t.-r. sale*-, icvt n u t s
23
2
Orders and shipments, manufacturers'--23
Paint sales_
Employment ".uk .•.<_•»
Paper and pulp — . . 1,2,3,4,8,9,10,11,12,33,34
Factory, h\ iti^s c^'i i i i u s .
9
Passenger-car sales index
6
F a c t o r y , b > ir» i i " t r _ i > . .
. .
. . 8 . 9
Passports issued
21
c
Nonmanufa^t ir*ng,.
_
Pay rolls:
E m p l o v m e n t s t u ' f ^pc-r^t.-»n^.
9
Factory, by cities and States
10
E r aigsation HI, < >mnvJI ts , : . _ _ .
-il
Factory, by industries
10
Engmetrinp ,. r 4r . • ^
.
_ _
•*
Nonmanufacturing industries-10,11
Pennsylvania, employment, pay rolls, wages.
9,
Expenditures, Vii ^ ! J ' 'cv G' a r ^ . t n t
15
10,12
Explosive*
„
21
Petroleum and products
1,
2,3,8,9,10,11,12,15,28
Pig iron_^__
.
30,31
cmp"c% n A»"^t, r ^\ "^
Porcelain enameled products
31
rf i \ ' 0 , 1 1 . 1 2
3
Pork
.
26
. r e t i i l p i t ivi i c .
Postal business
.
6
Postal savings
14
Farm prices, i'lvicx. _
.
.
.
3
Poultry and eggs—.
1,3,26
Fe'Wal G^verr.aif-nt nmn:vS_
15,16
Prices (see also individual commodities):
'"ederal-aid highway = nd ^rade c ossixvgs
5
Retail indexes.-™
3
Federal Reserve ba iks. * »»udi*io-i oi
17
Wholesale indexes
3,4
Federal K ^ c i v 1 Tci T-uiij.* n e m V r *"-mk . _
1
Printing...--,1,2,8,9,10,11,12
Fer'ihzeis
. .
.
.
. 21./2
Profits, corporation
„
15
Fir° losses
. . .
. .
_.
5
F-sh o.is an 1
rish
. 22,27
Public relief..
_
12
PuoLc utiLUes
4,9,10,15,17,18,19
. .
72
F'. r.ng .
Puil.n-ji Co_
20
29
Pi.np5,
33
p v ar \ he J
4
F ji pro 1J
.
.
.
1 2 3 , Purchasing po'ver of the dollar
Ra I itors
31
I. 6 , 8 , ~<t i o r , l . ^ \? i u . 2*. 25. 2 6 , 1 7
T
(>
;""
v
P
,
r
T\a
i
a,
alvertising.
.
.
_
6
Fx
1 , : 4 S 1,1 1 1 2 9
F-xl '£j5, operations, equipment, financial
Fos'-tiitus,
employment,
wages
1,
n Iry e^ a i p m e n t .
2,9,10,12,16,17,18,20,37,38
(e<l 14 t r a i l )
i-reiaht Cc rt>Oc<4
I
1' ,«t\ o, street (see street railways, etc.).
n . s . c i«.
/I
*^n< i s, electric
33
IV -i.n
2,4,36
. *^ ' n - ". e 's.rpl~>I< 5
3 .'-.^
i.nst-^r-tion
Finance
Corporation,
loans.
16
P
it
"
i
1
1,.
^*"
•***!
Rt r^^rators, electric, household
33
,27.^8
F.«- •l<
T^e-UsTa-ions, automobiles-_.
37
^ ii r i i i r
30, '"
Rt-ri s (noising), index
3
. i ^ - "If -• : t " „
53 2 1
i t.r> 1 trat e
" 'J
t'-'niotnles, new passenger
6
1
Cti n stores, variety (5-and-10), grocery,
Olf 3
v
6,7
h
'
]' »
? 1 ^ ^ r -^ J 7
*. r ir Ti^nt stores
7
> i vi
7
1 * . . . g4r ernl merchandise.
25
20
23
a ...
i v ; . cucie, scrap, footwear, tires and
i ,•
. . .
1,2,3,4,8,9,10,11,34,35
, lt c^o^s
14
v->
ILTTIDS
- : . „ ! in-:
1
C
„
. .
...
,
26
1,2,8,10,11,12
1,2,4,8,9,10,11,12,29
II.IIIIIII.I-1
iS
29
\ : « ' g 'J.id meat p a c k i n g . - 1 , 2 , 8 , 1 0 ,
11,26
r>..3vuv, cotton, wool
36
111 \ ! iron (see iron and steel).
1
30
t
* 3 D, exports and imports
... \ i> » Icis.
• 1 9
.V L.I or'
* I C J , \h partment-store (see also manu7
'. ,tuic r / inventories)
t< i k:, its les, prices, sales, yields
17, 18,19
oi c, i la<T, and glass products
1»
C ir.<1v
. .. .
._
2,8,10,11,12, 14,35
C - U". £1 >i -'i' >aj . . .
9,10
F n pr "liut v : " ^ s .
t.cct r -ul'va11 s and busses
26,27
*J'jrL> idui 3s_ . __ . . . ^ ,s
21
C 11* Ic a i i cH Vv. s
p
lie, J fnt
21
Coll 1 ; 5 ->st plostic p'c iucrs .
Solphunc acid
«.r -t e " , .
22
1,
Superphosphate
lei, .
1 Vi.'1 ) .
27
Telephone, telegraph, cable, and radioL.'.
Cht -5t
_ . _ . _ _
_
i.
1 Mfgrrph carriers-_
9 , 1 0 , 15,21
Che.nu ii-,
. . . i . : , i . 8 , y , : J n u i^
2*
T** lc>
- , 2,4,8,9,10,11,12,14,35, 36,37
35
15
L . n , . c » 1 I - . iV ^ .1
Civ] ,er vice employees
_
'J
32
. . IIIZZIIIIZZIZZ
L.vcs •»'':
-0
C ly p r o ! v-t*
. . _ . 1. r, 3 10 l i \ - . 3 :
12,27
T
r
b
n
.
o
.
.
.
—
2,8,9,10,11
t.r.c .I-' .. i l ' ^ r - l ! . : - ' • , « '
:• 1 3 , 1 7
C! 1 mng C-ee ylso hosiery). . .
J 4 6 t .u 1" L o ^ i s re '-e
lool
nachine...
8 10,11
L ^ > noiM ^f»
_
.
37, ^8
C(x I . .' ___
_. .
2 . ? r- .0 2 ' . 2 S
I- i -ns « O A J t tt +*
_
.
2o
Tra/el. . . .
21
CJ. ,>a
20
Ti'. us and tractors,
ustrial, electric
38
Unit'
d
States
Government
bonds
I
^
^
.
H
V
'
*
.
'
2
3
3
iv>
1
1
,
2
9
.
3
0
17
Coki . .
_
United States Government, finances
Mv- line ' i ' t i \ i * ' , - 'A'^n.
n< ,
.
36
15,16
C o m m e r c i a l failures
. . . .
1Urited States Steel Corporation
M-.
r^ t< ol' .
.
8, \ft 11
19,31
C o m m o n ird p a p e r
.
.
. . _12.13
UlmT.es
4,9,10,14,15,16,17 18,19
M-t . u w
' " ,; 8 :,« 1 !-» 1^ 1 \S2. 3
Cr>ni>ti 'action:
Vo^aarn cleaners..
H i l s : v T Tlvr.tisit^
6
33
C o n t r a c t s f4vvarde-l
. .
Var ety-store sales index
11 -n .P rt..jrs' or >rs ^h:fir.e;'s .rven6
C »s*s_ . _ _ . . . . . . _ .
^ Vegetable oils
22
H i g h w a y s a n d >*rade crossings _ . __ _
Vegetables and fruits
3,25
Wage rates._
.
Wages, factory, and miscellaneous
10 11,12
Copper
_„_
.
Warehouses, space occupied
Mas^ Sx^huscitp, fnirlovmti 4 ,
T^ r^'l>,
6
Copra and coconut oil„__„„„„„
Washers, household
33
Corn
._.__.
„ 2S
;
,
Waterway
traffic
.
20,21
Cost-of-living index.
.
,
_ _ _.
3
I l e J t s ar 1 mi 1* p •» •• sn ,
1
Wheat and wheat flour...
19,25
Cotton, raw, and manufactures_ ..__ 2, 3,'1,19,35
^ i F 9 10 , 1 , 1 . . , 1° 26
3,4
Wholesale price indexes.
.
Cottonseed, cake and meal, oil_.____ _
22
Merc-Is
_
_
' 2 ^ 8 9, ID. 11, 15,30
32
Wire cloth
—_
_
Crops...... .
___. — . . . . . . .
1,22,25.27.3'
Meihonol
.
_ . _.
^1
Wisconsin,
factory
employment,
pay
rolls,
Currency in circulation._.
. , . _ . _ 13
I^Trxic . siKer production
.
,
15
and wages.
9, 10,12
Dairy products
.
.
24
Mu\
24
33
Debits, bank
__,
13
Minerals
. .„
2, / J O Wood pulp
Wool
-I"-I2,4 36,37
Debt, United States Government;____ .
IS
N a v . d s t o e«» _ . . . . . .
.._
22
32
Zinc
.
Delaware, employment, pay rolls, wages
Q, 10,12
NfA Jersey, employment, j ay r U3, wages 0, 10, 12
au
@FedFRASER